02-05-2002 - December 2001 Treasurer's ReportCity of West Covina
Memorandum
AGENDA
Item No. C-5
Date February 5, 2002
TO: Andrew G. Pasmant, City Manager and City Council
FROM: Artie A. Fields, Acting Finance Director
SUBJECT: DECEMBER 2001 TREASURER'S REPORT
SUMMARY:
This staff report serves as a transmittal of the monthly Statement of Treasurer's Accountability and
provides a brief explanation of that report.
BACKGROUND:
Section 53646 of the Government Code requires a city's treasurer or chief fiscal officer to submit
quarterly reports to their legislative body. This report is to include the type of investment, issuer, date of
maturity, par and dollar amount invested on all securities, investments and money held by ,the local
agency. It must also include a statement that the portfolio is in compliance with the City's investment
policy or manner in which it is not in compliance and note'the ability of the local agency to meet its
expenditure requirements for the next six months or provide an explanation as to why sufficient money
may not be available. On January 1, 2001, AB943 took effect, amending the law to also require local
agencies to submit reports to the State of California .for thesecond and fourth quarters of each year. The
June 2001 report was the first report submitted to the State. The December 2001 report will be the second
report submitted to the state.
DISCUSSION:
Treasurer's reports are submitted to the West Covina City. Council monthly. The December Report shows
the City's portfolio increased from $63,471,317.05 on November 30, 2001, to $66,113,774.09 on
December 31, 2001. Beginning with the May report, average maturity information has been provided for
investments in the City's portfolio. The overall average maturity of the portfolio is 1582 days or
approximately four years. This unusually long maturity is caused by two, long term, high interest
investments made in the early 1980s, which constitute approximately twenty percent of the portfolio.
Approximately forty five percent of the portfolio is on deposit in the Local Agency Investment Fund
(LAIF). These funds are completely liquid since the City could withdraw them at any time. The
remaining thirty five percent of the portfolio has an average maturity of less than three years. An
explanation of the Treasurer's report features has been attached. The City Treasurer is on vacation as of
the writing of this report, and thus, the December 2001 report does not have her signature. The December
2001 report will be reviewed by the City Treasurer upon her return in late February.
Bond Detail Report
The December report also includes a Bond Detail Report. This report shows how Fiscal Agents are
investing City, Redevelopment Agency and Public Financing Authority cash, which they hold io service
various debts. The City receives these statements quarterly.
Deferred Compensation Plan Report
In accordance with GASB Statement No. 32, the assets, related liabilities and.fund equity for these Plans
are now accounted for in an expendable trust fund. Accordingly, the assets, related liabilities'' and fund
equities for the Plans have been removed from the financial statements of the City, and this report is no
longer included with the quarterly Bond Detail Reports.
RECOMMENDATION:
It is recommended the City Council receive and file this report.
Prepared by
Dennis Swink
Controller
Reviewed and approved by
Artie A. Filw'
Acting Finance Director
How to Read the Treasurer's Report
Summary. Page. The monthly treasurer's report is comprised of two documents. The first
provides a one -page summary of investments (Attachment -A).
• A-1 provides a general description of investment type.
• A-2 shows the balances for each investment type as of the end of the prior month.
• A-3 shows how much was deposited in each category during the month.
• A-4 shows withdrawals.
• A-5 shows the balances in each investment category at the end of the month.
• A-6 shows what percentage of the portfolio is invested in each investment category.
! A-7, located in the . left hand margin denotes an asterisked note, which states:
"NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS". This refers to the
negative bank balances shown in columns A-2 and A-5. These negative numbers are the
result of a sweep account the City has set up with Wells Fargo bank. This enables us to
keep the majority of our funds on deposit in an interest bearing account until outstanding
checks clear the bank. When a check does clear, the required funds are automatically
swept in from the interest bearing account into the checking account. With this
arrangement, it is not uncommon for the City to have outstanding checks in an amount
that exceeds the money on deposit in our Wells Fargo Checking Accounts. When this
happens, these accounts show a negative balance. This should not be a concern as long
as the amount on deposit in the Wells Fargo Sweep account is sufficient to cover the
outstanding checks.
• " A-8, located in the left hand margin highlights the statements regarding compliance with
the City investment policy and sufficient cash flow available to meet expenditures for the
next six months. As discussed earlier, these statements are required.
• A-9 in the left hand margin and A-10 provide a kind of scorecard comparing the interest
earned to six month treasury bills
Portfolio Details. The 'second part of the report provides detailed information on individual
investments as illustrated in Attachment-B.
• B-1 lists the investment number assigned by City staff for tracking purposes.
• B-2 lists investment type. (This information is required.) These are shown in their
abbreviated form.. The full titles of these abbreviations are in A-1 on the summary page.
• B-3 lists the issuer. (This information is also required.)
• B-4 shows the date of purchase.
• B-5 shows the maturity date. (This information is required.)
• B-6 shows the average days to maturity for each class of investment.
• B-7 lists the CUSIP number.
• B-8 lists the interest rate.
• B-9 lists the yield.
• B=10 lists the cost of each investment. (This information is required.)
• B411ists the PAR value. (This information is required.)
• B42 lists the market value as of the -end of the current month. (This information is
required.)
"B-13 "lists the market value as of the end of the previous month.
• . B-14. tells the reader that the market values are provided by Union Bank.
CITY OF WEST COVINA
STATEMENT OF TREASURER'S ACCOUNTABILITY
JULY 31, 2001
Al
A-2 A-3 A-4 A-5 A-6
TYPES OF DEPOSITS: JUNE 30 DEPOSITS WITHDRAWALS July 31
CHECKING ACCOUNTS
WELLS FARGO GENERAL CHECKING $ 110,463.49 13,383,165.05 $ 13,365,850.43 $ 127,778.11
WELLS FARGO GENERAL AUTO & LIABILITY (8,471.37) " 21,230.41 49,335.23 (36,576.19) "
WELLS FARGO WORKER'S COMPENSATION (40,325.41) " 74,199.32 106,744.54 (72,870.63) "
WELLS FARGO PAYROLL (231,925.22) " 2,341,194.25 2,184,280.66 (75,011.63) "
WELLS FARGO BAIL/FINE _
WELLS FARGO CDBG DEFERRED LOAN PROGRAM 120,913.84 199.42 - 121,113.26
PACIFIC WESTERN NAT BANK DEFERRED LOAN PROGRAM 110,542.95 200,124.35 - 310,667.30
SUB -TOTAL $ 61,198.28 $ 16,020,112.80 $ 15,706,210.86 $ . 375,100.22 0.543%
OTHERINVESTMENTS:
WELLS FARGO SWEEP $ 2,982,024.45 $ 5,494,859.08 $ 6,640,255.50 $ 1,836,628.03 2.658%
ESCROW ACCOUNT 37,569.28 111.36 5.00 37,675.64 0.055%
FEDERAL HOME LOAN BANK (FHLB) 6,959,010.00 - - 6,959,010.00 10.070%
FEDERAL FARM CREDIT BANK (FFCB) 3,486,225.00 - 2,990,790.00 495,435.00 0.717%
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) 6,695,593.75 - 1,000,000.00 5,695,593.75 8.242%
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC) 10,199,962.50 - - 10,199,962.50 14.759%
CORPORATE MEDIUM TERM NOTES (MTN) 9,9092
- - 9,988,553.47 14.453%
LOCAL AGENCY INVESTMENT FUND'- CITY (LAIF) P372,959.35 364,609.87 30,000,000.00 43.410%
LOCAL AGENCY INVESTMENT FUND - W.C.P.F.A. (LAIF) 1 3 1,826.66 - 139,861.52 0.202%
LOS ANGELES COUNTY POOL (LACIP) 5 5 3,303,408.67 500,000.00 3,380,764.18 4.8%
SUB -TOTAL 71,055,979.34 $ 9,173,165.12 $ 11,495,660.37 $ 68,733,484.09 99.457%
TOTAL $ 71,117,177.62 $ 25,193,277.92 $ 27,201,871.23 $ 69,106,584.31 100%
A-7 "NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS
A-8 it has been verified that this Investment portfolio -is in conformity with the City of West Covina's investment policy which was approved by the City Council on May 1, 2001.
The Investment portfolio provides sufficient cash flow liquidity to meet estimated expenditures for the next six months. This report is accurate with respect to all Information received as of August 31
A-9 EARNED INTEREST YIELD THIS PERIOD: 5.565% A-10 SIX-MONTH TREASURY BILL YIELD: 3.45%
REVIEWED BY: PREPARED BY:
Dennis Swink, City Controller
SUBMITTED BY:
Artie Fields, Acting Finance Director
Angel F. Patena, Departmental Aide
APPROVED BY:
Marian V. Smithson, City Treasurer
•
City of West Covina Portfolio Details .
July 31, 2001
B-1 B-2 B-3 B-4 B-5 B-6 B-7 B-8 B-9 B-10
B-11 B-12 B-13
AVERAGE
7/31/2001
6/30/2001
INVESTMENT
INVESTMENT
ISSUER •.
PURCHASE
MATURITY
DAYS TO
CUSIP
RATE
YIELD
COST
PAR
MARKET
MARKET
NUMBER
TYPE
DATE
DATE
MATURITY
VALUE*
VALUE*
5485
5486
5488
5465
5487
5489
5496
5444
5445
5450
5473
4770
2454
5451
5475
4693
3914
5273
5476
FFCB U.S. GOVERNMENT AGENCY 03/02/00 07/02/01 31331HZF7
FFCB U.S. GOVERNMENT.AGENCY 03/03/00 07/27/01 31331HD46
FFCB U.S. GOVERNMENT AGENCY 03/03/00 10/01/01 31331HG35
FFCB U.S. GOVERNMENT AGENCY 01/14/99 01/14/02 31331RT96
61
FHLB U.S. GOVERNMENT AGENCY - 03/08/00 09/17/01 0
FHLB U.S. GOVERNMENT AGENCY 03/08/00 11/15/0 OE8
FHLB U.S. GOVERNMENT AGENCY 06/13/00 3133M9FE7
FHLB U.S. GOVERNMENT AGENCY. / / 2 3133M34N2
FHLB U.S. GOVERNMENT AGENCY / / 3 3133M3DQ5
FHLB U.S. GOVERNMENT AGENCY / 07/07/03 3133M4SW4
FHLB U.S. GOVERNMENT AGENCY 02/24/99 02/24/04 3133M7KE5
460
FHLMC
U.S. GOVERNMENT AGENCY .
06/01/86
06/01/16
5341
FNMA
U.S. GOVERNMENT AGENCY
12/10/85
12/10/15
FNMA
U.S. GOVERNMENT AGENCY
07/09/98
07/09/03
FNMA
U.S. GOVERNMENT AGENCY
07/15/99
07/15/04
LACIP
LOS ANGELES COUNTY TREASURER
LAIF
STATE OF CALIFORNIA
LAIF
STATE OF CALIFORNIA
MNYMKT
'MARQUETTE NATIONAL BANK
3831
04/20/92
12/31/99
See Note
10/19/89
12/31/99
173
12/01/93
12/31/99
See Note
04/01/99
04/01/04
See Note
5.8750
6.5500
6.0000
5.4000
5.8750
6.0000
6.0000
6.0700
6.0050
6.0000
5.7550
313400MC4 8.2500
5.9500
Matured 07-02-01
1,000,000.00
Matured 07-02-01
Matured 07-02-01
6.5900
Matured 07-27-01
1,000,000.00
Matured 07-27-01
Matured 07-27-01
6.0800
495,435.00
500,000.00
501,955.00
501,875.00
5.5500
Called 07-14-01
1,000,000.00
Called 07-14-01
Called 07-14-01
5.9600
989,190.00
1,000,000.00
1,002,340.00
1,002,810.00
6.0500
989,360.00
1,000,000.00
1,007,030.00
1,007,500.00
6.9792
980,460.00
1.000,000.00
1,024,060.00
1,020,780.00
6.2100
11000, 000.00
1,000,000.00
1,025,940.00
1,023,750.00
6.2000
11000,000.00
1,000,000.00
1,032,500.00
1,026,410.00
6.2100
11000,000.00
11000.000.00
1,035,000 00
1,027,030.00
6.0700
11000,000.00
1,000,000.00
1, 001, 250.00
1,002,340.00
6,959,010.00
7,000,000.00
7,128,120.00
7,110,620.00
7.6100
10,199,962.50
9,555,000.00
11,567,474.10
11,127,084.15
313586U63
10.3500
8.1400
3,688,593.75
3,000,000.00
.. 4,235,160.00
4,086,090.00
31364FX22
5.9000
6.1600
Called 07-09-01
1,000,000.00,
Called 07-09-01
Called 07-09-01
31364G2R9
6.5300
6.7500
2,007,000.00
2,000,000.00
2,049,380.00
2,045,000.00
5,695,593.75
6,000,000.00
6,284,540.00
6,131,090 20
N/A
4.6300
4.6300
3,380,764.18
3,380,764.18
3,380,764.18
3,380,764.18
N/A
4,6350
4.6350
30,000,000.00
30,000,000.00
30,000,000.00
30,000,000.00
N/A
4.6350
4.6350
139,861.52
139,861.52
139,861.52
139,861.52
N/A
3.5500
3.7200
37,675.64
37,675.64
37,675.64
37,675.64
City of West Covina Portfolio Details
July 31, 2001
AVERAGE
7/31/2001
6/30/2001
INVESTMENT
INVESTMENT
ISSUER
PURCHASE
MATURITY
DAYS TO
CUSIP
RATE
YIELD
COST
PAR
MARKET
MARKET
NUMBER
TYPE
DATE
DATE
MATURITY
VALUE'
VALUE'
5457 MTN NATIONSBANK CHARLOTTE NC 08/03/98 08/01/01 63858JEE5 5.8500 5.9700 1,000,000.00 1,000,000.00 1,000,000.00 1,001,480.00
5463 MTN MERRILL LYNCH & CO INC 01/14/99 .12/10/01 59018SC85 6.1000 6.2200 1,015,060.00 1,000,000.00 1,009,130.00 1,010,340.00
5499 MTN ASSOC. CORP OF N.A. 06/16/00 . 09/30/02 045906KB9 6.7300 7.3293 987,540.00 1,000,000.00 1,028,940.00 1,028,490.00
5460 MTN MERRILL LYNCH & CO INC 10/05/98 02/12/03 590188HZ5 6.0000 6.2000 2,015,010.00 2,000,000.00 2,050,640.00 2,034,420.00
5462 MTN SALOMON SMITH BARNEY HLDGS 1 10/14/98 05/15/03 79549BCL9 6.2500 6.4900 1,000,950.00 1,000,000.00 1,029,220.00 1,020,280.00
5491 MTN COMMERCIAL CREDIT COMPANY. 04/24/00 08/01/04 201615DS7 6.5000 6.7500 972,370.00 1,000,000.00 1,039,310.00 1,023,430.00
5493 MTN GENERAL ELECTRIC CAPITAL CORP 06/15/00 02/15/05 36962GUM4 .2 7.1701 1,002,970.00 1,000,000.00 1,078,280.00 1,061,590.00
5494 MTN FORD MOTOR CREDIT CO 06/15/00 03/15/05 345397 7.6000 995,903.47 1,000,000.00 1,057,520.00 1,039,040.E
5495 MTN HEWLETT-PACKARD CO. 06/15/00 06/15/05 7.1792 998,750.00 1,000,000.00 1,049,100.00 1,034,680.
4 9,988,553.47, 10,000,000.00 .10,342,140.00 #REFI
STOCK" SOUTHWEST WATER COMPANY.04/16/86 001-751- 533110 N/A Sold 07-11-01 Sold 07-11-01 Sold 07-11-01 Sold 07-11-01
1551 TOTALS: 66,896,856.06 69,613,301.34 69,382,530.44 #REF1
B-14 ' MARKET VALUES HAVE BEEN PROVIDED BY UNION BANK.
Note: Average Maturity - Liquid, variable rate interest accounts including the Wells Fargo Sweep, LACIP and the Marquette Money Market were not included in calculation of average maturity .
because the City has no control over the term of underlying investments and funds can be withdrawn at any time. LAIF was included because excluding this sizeable balance skews the overall average.
'* Southwest Water Company was sold -in July 2001.
•
CITY OF WEST COVINA
STATEMENT OF TREASURER'S ACCOUNTABILITY
DECEMBER 31, 2001
TYPES OF DEPOSITS:
NOVEMBER 30 DEPOSITS
WITHDRAWALS
DECEMBER 31
CHECKING ACCOUNTS
WELLS FARGO GENERAL CHECKING..
$ 347,147.01 14,521,829.26 $
14,998,028.21
$ (129,051.94) -
WELLS FARGO GENERAL AUTO & LIABILITY
(22,953.73) - 30,255.29
31,465.62
(24,164,06) -
PACIFIC WESTERN NAT BANK GEN AUTO & LIABILITY
PACIFIC WESTERN NAT BANK GEN AUTO.& LIABILITY (AHY)
- 50,000.00
-
50,000.00
WELLS FARGO WORKER'S COMPENSATION
(49,343.22) - 76.076.59
75,935.49
(49,202.12) -
PACIFIC WESTERN NAT BANK WORKER'S COMPENSATION
- -
_
PACIFIC WESTERN NAT BANK WORKER'S COMPENSATION (AHY)
- ,100,000.00
-
100,000.00
WELLS FARGO PAYROLL
(79,647.84) - 2,292,079.22
2,353,510.20
(141,078.82) -
WELLS FARGO BAIUFINE
1,000.00 500.00
1,000.00
500.00
WELLS FARGO CDBG DEFERRED LOAN PROGRAM
121,288.59 -
-
121,288.59
PACIFIC WESTERN NAT BANK DEFERRED LOAN PROGRAM
245,932.91 195.37
27,037.30
219,090,98
SUB -TOTAL $ 563,423.72 $ 17,070,935.73 $ 17,486,976.82 $ 147,362.63 0.223%
OTHER INVESTMENTS:
WELLS FARGO SWEEP
$ 656,257.05
$ 6,739,129.48 $ 6,325,122.50 $ 1,070,264.03
1.619%
ESCROW ACCOUNT
38,056.19
- - 38,056.19
0.058%
FEDERAL HOME LOAN BANK (FHLB)
3,980,460.00
- - 3,980,460.00 .
6.021%
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
5,695,593.75
- - 5,695,593.75
8.615%
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)
10,199,962.50
- - 10,199,962.50
15.428%
CORPORATE MEDIUM TERM NOTES (MTN)
8,988,553.47
- 1,015,060.00 7,973,493.47
12:0606/6
LOCAL AGENCY INVESTMENT FUND - CITY (LAIF)
30,000,000.00
- - 30.000.000,00
45.376%
LOCAL AGENCY INVESTMENT FUND- W.C.P.F.A. (LAIF)
141,435.69
- - 141,435.69
0.214%
LOS ANGELES COUNTY POOL (LACIP)
3,206,574.68
3,660,551.15 - 6,867,125.83
10.387%
SUB -TOTAL
$ 62,906,893.33
$ 10,399,680.63 $ 7,340,182.50 $ 65,966,391.46
99,777%
TOTAL
$ 63,470,317.05
$ 27,470,616.36 $ 24,827,159.32 $ 66,113,774.09
100%
-NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS
It has been verified that this Investment portfolio is in conformity with the City of West Covina's Investment policy which was approved by the City Council on May 1, 2001.
The Investment portfolio provides sufficient cash flow liquidity to meet estimated expenditures for the
next six months. This report is accurate with respect to all Information received as of January 18, 2002.
EARNED INTEREST YIELD THIS PERIOD: 4.691% SIX-MONTH TREASURY BILL YIELD: 1.78%
RJ ED BY: PREP
Dennis Swink, City Controller An F. PateBa, Departmental Aide
SUBMITTED BY: - APPROVED BY:
Artie Fields, llctlr4lmnance Director Marian V. Smithson, City Treasurer
•
City of West Covina Portfolio Details
December 31, 2001
AVERAGE
12/31/2001
11/30/2001
INVESTMENT
INVESTMENT
ISSUER
PURCHASE
MATURITY
DAYS TO
CUSIP
RATE
YIELD
COST
PAR
MARKET
MARKET
NUMBER
TYPE
DATE
DATE
MATURITY
VALUE*
VALUE*
5496
5444
5445
5450
4770
2454
5475
4693
3914
5273
5476
.FHLB
U.S. GOVERNMENT AGENCY
06/13/00
08/15/02
3133M9FE7
6.0000
5.8700
980,460.00
1,000,000.00
1,021,720.00
1,026,410.00
FHLB
U.S. GOVERNMENT AGENCY
04/22/98
10/22/012
3133M34N2
6.0700
5.8900
1,000,000.00
1,000,000.00
1,030,160.00
1,033,590.00
FHLB
U.S. GOVERNMENT AGENCY
04/23/98
04/23/03
3133M3DQ5
6.0050
5.7600
1,000,000.00
1,000,000.00
1,041,870.00
1,045,940.00
FHLB
U.S. GOVERNMENT AGENCY,
07/07/98
07/07/03
3133M4SW4
6.0000
5.7400
1,000,000.00
1,000,000.00
1,045,160.00
1,049,690.00
385
3,980,460.00
4,000,000.00
4,138,910.00
4,155,630.
FHLMC
U.S. GOVERNMENT AGENCY
06/01/86
06/01/16
313400MC4
8.2500
6.9500
10,199,962.50
9,555,000.00
11,337,580.80
11,682,516.30
5191
10,199,962.50
9,555,000.00
11,337,580.80
11,682,516.30
FNMA
U.S. GOVERNMENT AGENCY
12/10/85
12/10/15
313586UB3
10.3500
7.4900
3,688,593.75
3,000,000.00
4,145,160.00
4,265,610.00
FNMA
U.S. GOVERNMENT AGENCY
07/15/99
07/15/04
31364G2R9
6.5300
6.8200
2,007,000.00
2,000,000.00
2,047,180.00
2,054,060.00
3663
5,695,593.75
5,000,000.00
6,192,340.00
6,319,670.00
LACIP
LOS ANGELES COUNTY.TREASURER
04/20/92
12/31/99
See Note
N/A
3.3600
3.3600
6,867,125.83
6,867,125.83
6,867,125.83
6,867,125.83
LAIF
STATE OF CALIFORNIA
10/19/89
12/31/99
183
N/A
3.2610
3.2610
30,000,000.00
30,000,000.00
30,000,000.00
30,000,000.00
LAIF
STATE OF CALIFORNIA
12/01/93
12/31/99
See Note
N/A
3.2610
3.2610
141,435.69
141,435.69
141,435.69
141,435.69
MNYMKT
MARQUETTE NATIONAL BANK
.04/01/99
04/01/04
See Note
N/A
2.5600
2.5600
38,056.19
38,056.19
38,056.19
38,056.19
City of West Covina Portfolio Details
December 31, 2001
AVERAGE
12/31/2001
11/30/2001
INVESTMENT
INVESTMENT
ISSUER
PURCHASE
MATURITY
DAYS TO
CUSIP
RATE
YIELD
COST
PAR
MARKET
MARKET
NUMBER
TYPE
DATE
DATE
MATURITY
VALUE'
VALUE"
5463
MTN
MERRILL LYNCH & CO INC
01/14/99
59018SC85
6.1000
Matured 12-10-01
Matured 12-10-01
Matured 12-10-01
Matured 12-10-01
5499
MTN
ASSOC. CORP OF N.A.
06/16/00
09/30/02
045906KB9
6.7300
6.5400
987,540.00
1,000,000.00
1,029,040.00,
1,031,570.00
5460
MTN
MERRILL LYNCH & CO INC
10/05/98
02/12/03
590188HZ5
6.0000
5.7900
2,015,010.00
2,000,000.00
2,071,980.00
2,071,780.00
5462
MTN
SALOMON SMITH BARNEY HLDGS' 1
10/14/98
05/15/03
79549BCL9
6.2500
5.9900
1,000,950.00
1,000,000.00
1,043,090.00
1,043,710.00
5491
MTN
COMMERCIAL CREDIT COMPANY
04/24/00
08/01/04
201615DS7
6.5000
6.1600
972,370.00
1,000,000.00
1,055,890.00
1,057,980.00
5493
MTN
GENERAL ELECTRIC CAPITAL CORP
06/15/00
02/15/05
36962GUM4
7.2500
6.6800
1,002,970.00
1,000,000.00
1,085,690.00
1,094,670.00
5494
MTN
FORD MOTOR CREDIT, CO
06/15/00
03/15/05
345397SQ7
7.5000
7.3300
995,903.47
1,000,000.00
1,023,030.00
1,042,030.�
5495
MTN
HEWLETT-PACKARD CO
06/15/00
06/15/05
428236AD5
7.1.500
6:8700
998,750.00
1,000,000.00
1,040,550.00
1,057,740.
756
7,973,493.47
8,000,000.00
8,349,270.00
8,399,480.00
1582
TOTALS:
64,896,127.43 .
63,601,617.71
67,064,718.51
67,603,914.01
• MARKET VALUES HAVE BEEN PROVIDED BY UNION BANK.
Note: Average Maturity - Liquid, variable rate interest accounts Including the Wells Fargo Sweep, LAC/P and the Marquette Money Market were not included in calculation of average maturity
because the City has no control over the term of underlying investments and funds can be withdrawn at any time. LAIF was included because excluding this sizeable balance skews the overall average
is
. _ .
CITY OF WEST COVINA
BOND DETAIL REPORT
DECEMBER 31, 2001
(Description of Bond
Type of Bond
Type of Investment
Description of Issuer
Maturity Date
Original Cost
Par value
Market Value
Rate
W.C.P.F.A. 1993
Eastland Revenue
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
-
_
_
Revenue Tax Allocation Bonds
Eastland Revenue
Cash
0.60
0.60
0.60
0.60
0.60
0.
C.B.D. Revenue...
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
506.00
506.00
506.00
1.40
C.B.D. Revenue
Cash
0.15
0.15
0.15
506.15
506.15
506.15
Eastland Reserve
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
263,907.00
263,907.00
263,907.00
1.40
Eastland Reserve
U.S. Treasury Note
U.S. Government Agency
2/15/2003
272,587.66
266,000.00
277,805.08
2.00
Eastland Reserve
Cash
0.75
0.75
0.75
53.6,495.41
529,907.75
5 ,712. 3
C.B.D. Reserve
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
796,779.00
796,779.00
796,779.00
1.40
C.B.D. Reserve -
U.S. Treasury Note
U.S. Government Agency
2/15/2003
823,911.56
804,000.00
839,681.52
2.00
C.B.D. Reserve
Cash
0.85
0.85
0.85
1,620,
1,600,77 .85
1,636,461.37
Interest Account
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
594.00
594.00
594.00
1.40
Interest Account
Cash
0.34
0.34
0.34
594.34
b94.34
59 .3
Principal
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
7.00
7.00
7.00
1.40
Principal"
Cash
0.71
0.71
0.71
7.7
. 7.71
7.7
'Rebate
First American Treas Oblig Cl d Corp Trust
First American Funds, Inc.
Open
28,219.00
28,219.00
28,219.00
1.40
Rebate
Cash
0.17
0.17
0.17
28,219.17
28,219.17
28,219.17
Ending Balances
2,186,514.79
2,160,015.57
2,207,502.17
City of West Covina 1997 Refunding
Certificate Fund
Wells Fargo Treasury Plus M Mkt #453
Wells Fargo Bank
Open
2,250.35
2,250.35
2,250.35
1.41
Civic Center Project (BNY Western Trust Co)
2,25 .35
2,250. 5
2,250.35
Ending Balances
2,250.35
2,250.35
2,250.35
Grand Totals
2,188,765.14 _
2,162,265.92
2,209,752.52
`Market valuations have been provided by BNY Western. Trust Company and U.S. Bank Corporate Trust Services
WEST COVINA REDEVELOPMENT AGENCY
BOND DETAIL REPORT
DECEMBER 31, 2001
(Description of Bond
Type of Bond
Type of Investment
Description of Issuer
Maturity Date
Original Cost
Par value
Market Value Rate
Community Facilities Dist. No 89-1
Bonds
First American Treas Oblig CI d Corp Trust
First American Funds, Inc.
Open
96 Special Tax Refunding (Fashion Plaza)
Bonds
Cash
567.70
567.70)
567.70
561.70
(567.70)
(567.70
Reserve
First American Treas Oblig CI d Corp Trust
First American Funds, Inc.
Open
1.00
1.00
1.00 1.000
Reserve
Guaranteed Investment Contract
Westdeutsche landesbank Girozentrale
09/01/22
5,002.670.40
5.002,670.40
5,002,670.40 7.000
Reserve
Cash
0.42
0.42
0.42
,002,E 1.82
5,002 671.82
6002671.82
West Covina T/A 1998 Series A,B
West Covina Lakes RSV
West Covina Housing Set -Aside T/A
Revenue Bonds Series 2001
Interest Series A
Interest Series A
Interest Series B
Interest Series B
Reserve Series A
Reserve Series A
Reserve Series B
Reserve Series B
Project Fund Series B
Project fund Series B
Principal Acct
Principal Acct
Lease Revenue
Lease'Revenue
Interest Acct
Interest Acct
Reserve Acct -
Reserve Acct
Project Fund
Project Fund
Cost of Issuance Fund
Cost of Issuance Fund
First American Trees Oblig CI d Corp Trust
Cash
First American Treas Oblig Cl d Corp Trust
Cash
First American Trees Oblig CI d Corp Trust
Cash
First American Treas Oblig CI d Corp Trust
Cash
First American Treas Oblig Cl d Corp Trust
Cash
First American Treas Oblig CI d Corp Trust
Cash
Federated Treasury Obligations
Cash
First American Trees Oblig Cl d Corp Trust
Cash
First American Trees Oblig Cl d Corp Trust
Cash
First American Treas Oblig Cl d Corp Trust
Cash
First American Treas Oblig Cl d Corp Trust
Cash
*Market valuations have been provided by BNY Western Trust Company and U.S. Bank Corporate Trust Services
Ending Balances
5,002,104.12
5,002,104.12
5,002,104.12
First American Funds, Inc.
Open
15,888.00
15,888.00
15,888.00
1.400
0.27
0.27
0.27
15, 888.27
15,88e.27
15,888.27
First American Funds, Inc.
Open
6.00
6.00
6.00
1.300 .
0.50
0.50
0.50
6.50
6.50
6.50
First American Funds, Inc.
Open
332,529.00
332,529.00
332,529.00
1.400
0.41
0.41
0.41
332,529.41
332,529.41
332,529.41
First American Funds, Inc.
Open
102,432.00
102,432.00
102,432.00
1.400
0.19
0.19
0.19
102.432.19
102, 32.19
102,432.19
First American Funds, Inc.
Open
98,537.00
98,537.00
98,537.00
1.400
0.07
0.07
0.07
98.53 .07
98.537.07
98,537.07
First American Funds, Inc.
Open
193.00
193.00
193.00
1.400
0.73
0.73
0.73
193.73
193.73
193.73
Ending Balances
549,587.17
549,587.17
549,587.17
Federated Investors Co
Open
373,460.69
373,460.69
373,460.69
1.560
373,460.69
373.460.69
373,460.69
Ending Balances
373,460.69
373,460.69
373,460.69
First American Funds, Inc.
Open
25,868.00
25,868.00
25,868.00
1.400
0.30
0.30
0.30
25,868.30
25,868.30
25,868.30
First American Funds, Inc.
Open
779,437.00
779,437.00
779,437.00
1.400
0.50
0.50
0.50
779.437.50
779.437.50
779,437.50
First American Funds, Inc.
Open
9,748,792.00
9,748,792.00
9,748,792.00
1.400
0.25
0.25
0.25
9,748,792.25
9,748,792.25
9,748,792.25
First American Funds, Inc.
Open
62,512.00
62.512.00
62,512.00
1.400
0.50
0.50
0.50
62,512.50
62,512.50
62,512.50
Ending Balances
10,616,610.55
10,616,610.55
10,616,610.55
Grand Totals 16,541,762.53 16,541,762.53 16.541,762.53
0
0