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Investment Reports - January-February 2017
CITY OF PALM DESERT FINANCE DEPARTMENT INTEROFFICE MEMORANDUM TO: RACHELLE D. KLASSEN, CITY CLERK FROM: NIAMH ORTEGA, RECORDING SECRETAR DATE: APRIL 6, 2017 SUBJECT: COMPLIANCE ANALYSIS AND INVESTMENT REPORTS Attached are the Compliance Analysis and Investment Reports for January and February 2017 which were presented and approved at the February and March 2017 meetings of the Audit, Investment and Finance Committee. Please include the report on the upcoming agenda for review and acceptance by City Council. Also included is a copy of the approved Minutes of the January and February 2017 meetings for acceptance by the City Council, and the 2017 attendance report to date. Please feel free to contact me at Ext. 382 if you have any questions. Thank you. nmo Attachments (as noted) G:\FINANCE\NIAMH ORTEGA\INVESTMENT COMMITTEE\MEMOS\RKLASSEN INV RPT MAY.DOCX City of Palm Desert ECONOMIC COMMENTARY The Federal Open Market Committee (FOMC) met on February 1, and left interest rates unchanged. FOMC Chair Yellen, however, subsequently signaled that a rate hike during the first half of 2017 would be "appropriate." Fed Fund futures prices imply a 22% probability of a rate hike in March; a 49% probability of one in May; and a 72% probability of one in June. U.S. GDP growth is expected to be 2.1% in 2017 vs. 1.6% in 2016. Positives include faster wage growth; low household debt levels; a housing recovery; higher oil and gas spending; and higher government spending. Negatives include a stronger U.S. dollar; the risk of trade wars; and gradually rising interest rates. Sears is experiencing debt downgrades; skyrocketing bond insurance costs; and a tumbling stock price ($6.52/share). It is selling its remaining brand names to fun 2017 operations. Sears would have to raise another $2 billion to operate in 2018. The City bought a $4 million par value Wells Fargo Bank medium -term note with a 1.65% coupon; 1.38% yield; Aa21AA- rating; and January 22, 2018 maturity. In January, the City received $6.5 million in property taxes; and the RDA Successor Agency received $17.3 million in property taxes. In February, the City paid $1.4 million in debt service; and the RDA Successor Agency paid $15.9 million in bond refunding costs and debt service. J`'fa rtaa .IJ(e z Deputy City Treasurer d PORTFOLIO STATISTICS 2017 lay/fir/iv • Capital Markets Team Director of Finance & City Treasurer Janet M. Moore Deputy City Treasurer Thomas J. Metz, J.D., M.B.A. Investment Objectives The treasurer shall invest all public monies in a manner that ensures safety of principal; sufficient liquidity to finance the City's expenditures; and the highest yield possible after the previous two objectives have been met. STATISTICS JAN-17 DEC-16 NOV-16 OCT-16 SEP-16 AUG-16 Thousands of Dollars Month -End Book Value $ Month -End Market Value $ Paper Gain (Loss) $ Prior Year Book Variance $ Interest Earnings (W/O Cash) $ Yield -To -Maturity Weighted Maturity (Days) Effective Duration 274,831 $ 266,008 $ 263,447 $ 265,361 $ 264,365 $ 264,834 274,841 $ 265,973 $ 263,389 $ 265,367 $ 264,391 $ 264,921 10 $ (35) $ (58) $ 6 $ 26 $ 87 67,977 $ 73,069 $ 69,772 $ 69,239 $ 66,009 $ 62,689 209 $ 197 $ 187 $ 179 $ 160 $ 166 0.94% 0.90% 0.89% 0.86% 0.80% 0.79% 190 196 201 195 168 169 0.28 0.30 0.32 0.26 0.26 0.25 All data as of January 31, 2017 Dollars in Thousands Maturities < 1M 2M 3M 6M 1Y 2Y 3Y <4Y > 5Y Total: Ratings AAA or Aaa AA orAa A Unrated Total: Assets Riverside County Pool US BankILAIF Bond Proceeds Medium -Term Notes City Loan to RDA Commercial Paper Federal Agency -- Coupon LAIF Goldman Sachs Govt Fund Loans Receivable -- EIP Negotiable CDs CAMP Total: Month Feb16 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan PORTFOLIO CHARACTERISTICS January 2017 Market Value $ 107,896 21,885 29,750 11,484 1,973 2,270 $ 175,258 Market Value $ 123,635 29,248 5,999 111,543 $ 270,425 Market Value 78,386 75,728 37,218 22,655 20,906 9,007 10,889 4,214 2,270 2,000 7,152 $ 270,425 City Yield LAIF Yield Variance 0.65 0.47 0.18 0.79 0.51 0.28 0.79 0.53 0.27 0.80 0.55 0.24 0.83 0.58 0.25 0.84 0.59 0.25 0.86 0.63 0.23 0.87 0.63 0.24 0.94 0.65 0.29 0.88 0.68 0.20 0.90 0.72 0.18 0.94 0.75 0.19 F Maturities Distribution I 100 0 0 a J Credit Quality 1 Asset Allocation I 80 - 62 60 - - 40 - 20 - 0 114 12 17 nn 2M 3M <6M S1V 0 0 AAA or Aaa 51% Unrated 41 % Riverside County Pool 29°I0 CAMP 3% Goldman Sachs Govt Fund 1% Loans Receivable -- El P 1% Performance M 1.00 0.75 0.50-e 0.25 0.00 7 2Y s3Y s4Y >SY 1 0 1 AA orAa 11% A 2% US Bank/LAIF Bond Proceeds 28% Medium -Term Notes 14% City Loan to RDA 8% Commercial Federal Paper Negotiable LAIF Agency-- 8% CDs 4% Coupon 1% 3% ;ab16Ma A Ma J n J ! Aug Sep Oct Nagy Dec Jan YLA1F 'OM UCity Yield ti 1 STATEMENT OF COMPLIANCE January 2017 The investment of the City of Palm Desert securities portfolio is governed by California Government Code Section 53601 and by the Palm Desert Statement of Investment Policy. The City investment policy is more conservative than State law. The Palm Desert Audit, Finance & Investment Committee, and the Palm Desert City Council review the City investment policy annually. For the month ended January 31, 2017, the City investment portfolio was in compliance with all applicable state and local laws and regulations. The City Treasurer's Office continued to pursue conservative and prudent investment strategies, based upon the stated objectives of safety, liquidity, and yield. Barring unforeseen events, the City Treasury should have sufficient cash to finance City expenditures for the next six months. in addition, portions of the City investment portfolio could be liquidated in order to meet any significant, unexpected cash requirements. Interactive Data Services and Union Bank Custody Services provided market value prices for corporate securities in the City investment portfolio. All balances are bank balances. Respectfully submitted, iet .11. Artetzte Director of Finance & City Treasurer CA Govt Code 53601(a) 53633 53601(b) 53601(c) 53601(d) 53601(e) 53601(f) 53601(g) 53601(h) 53601(i) 53601(1) 53601(j) 53601(k) 53601(1) 53601(m) 53601(k) 53601(n) 16429.1(b) SUMMARY OF AUTHORIZED INVESTMENTS California Government Code Investment Category Palm Desert Bonds Demand Deposits U.S. Treasuries CA State Debt CA Local Agency Debt Federal Agencies Bankers's Acceptances Commercial Paper Negotiable CDs Repos Reverse Repos Medium -Term Notes Money Market Funds Trust Indenture Debt Secured Bank Deposits Local Government Investment Pools Mortgage -Backed Securities L.A. I. F. Maximum Maturity 5 Years No Limit 5 Years 5 Years 5 Years 5 Years 180 Days 270 Days 5 Years 1 Year 92 Days 5 Years 90 Days 5 Years 90 Days 5 Years No Limit Maximum Limit No Limit No Limit No Limit No Limit No Limit No Limit 40% 25% 30% No Limit 20% 30% 20% No Limit No Limit 20% $50M M/Acct City Investment Policy Minimum Maximum Maximum Minimum % of City Quality Maturity Limit Quality Portfolio A-1/P-1 A AAA & Aaa AAA & Aaa or Advisor A (Issuer) & AA (Security) No Limit 5 Years 5 Years 180 Days 270 Days 5 Years 30 Days 5 Years 90 Days 90 Days No Limit No Limit Not Authorized Not Authorized No Limit 40% A-1 or P-1 25°A, A-1 or P-1 30% AA- or Aa3 20% Not Authorized 30% I A 20°I0 AAA & Aaa Not Authorized Not Authorized AAA & Aaa 50°I0 (1) I or Advisor 3.3% 7.7% 0.7% 13.8°/° 1.6% 31.6% Not Authorized No Limit I $50MM/Acct Footnotes: (1) Maximum concentration limit for local agency investment pools, excluding bond proceeds. (2) Total does not include Cash; City Loan to RDA; or Loans Receivable -- EIP. 32.0°I° (2) I 90.8°I0 CITY OF PALM DESERT TREASURER'S OFFICE PAGE 3 OF 3 CITY/HOUSING PORTFOLIO CONCENTRATION LIMITS January 2017 % of Investments Book Value Portfolio RIVERSIDE COUNTY TREASURER $ 78,385,842 28.03% U.S. BANK / LAIF BOND PROCEEDS 75,728,316 27.08% MEDIUM -TERM NOTES 37,285,645 13.34% LOCAL AGENCY INVESTMENT FUND (HOUSING) 24,741,131 8.85% COMMERCIAL PAPER -- DISCOUNT 20,835,092 7.45% LOCAL AGENCY INVESTMENT FUND (CITY) 10,889,224 3.89% FEDERAL AGENCY -- COUPON 9,000,000 3.22% GOLDMAN SACHS FS GOVERNMENT FUND 4,213,777 1.51% NEGOTIABLE CDs 2,000,000 0.72% CALIFORNIA ASSET MANAGEMENT PROGRAM 7,151,984 2.56% TOTAL BEFORE CASH $ 270,231,011 96.65% PLUS: CASH (CITY) 4,416,355 1.58% CASH (HOUSING) 4,959,998 1.77% GRAND TOTAL $ 279,607,364 (1) 100.00% FOOTNOTES: (1) In the City of Palm Desert Comprehensive Annual Financial Report ("CAFR"), both the City of Palm Desert ("City') and the City's external auditor define total investments as demand deposits, investments in various instruments, and investments held in local government investment pools. The concentration percentages shown above were calculated based on that definition. (2) Bond proceeds are included in this calculation since they are cash investments that are invested at the discretion of City staff in compliance with the terms and conditions of their bond indentures. (3) The Housing Authority is included in this calculation because it is part of the City of Palm Desert. The City Loan to RDA and the Loans Receivable -- EIP have been excluded from the calculation. �22N�§ •L CD N n n Pest.N N CO g'O o o 0 0 0 o .- CO el VI 0 r n s "8a a Y n N ^ ^ N (0 - 2 8 cn o 2 n n o^ rn 3 N Co N cn Y ri O h N o CO CO 22,654,999.95 m 0 00) 00) 9- 00 ^ N 22,654,999.95 CITY LOAN TO RDA 75,728,316.39 75,728,316.39 U.S. BANK / LAIF BOND PROCEEDS 88(0 `S t0O 0ON O N m O O O 0) M N CO CO0 c) S CO N N O CO a! O V � N N 0) FEDERAL AGENCY - COUPON 10,889,223.96 10,889,223.96 LOCAL AGENCY INVESTMENT FUND 37,217,422.92 0 ci 0 N 200 cc o 00 n 0 V) 0 N N O O GOLDMAN SACHS FS GOVT FUND CORPORATE MEDIUM -TERM NOTES NEGOTIABLE CDs 20,906,270.00 21,000,000.00 COMMERCIAL PAPER - DISCOUNT 78,385,842.03 78,385,842.03 RIVERSIDE COUNTY TREASURER 88 N 0 ci 0 N N LOANS RECEIVABLE - EIP CO e a O O r 270,414,879.93 270,425,073.98 270,545,143.06 c m c Cash and Accrued Interest 8 m Q I: N VIt00 0 N CC R Osr sr co- Y 274,843,552.37 274,853,746.42 274,961,497.72 Total Cash and Investments Total Eamings Current Year Reporting period 01/01/2017-01/31/2017 No fiscal year history available Run Date 02/13/2017 - 16 08 1° s= 1' Market Value H U CA ASSET MANAGEMENT PROGRAM 0 0 7,151,983.87 Subtotal and Average CITY LOAN TO RDA n A 0 0 YI N N N N N N N N N n n n n n n nles 0 o 0 0 0 0 0 0 0 In N N N N N N N Cr) N n n n n n n n n n 0 0 0 0 0 0 0 0 0 0 n 22,654,999.95 pep sat o g g � 8 ONO co 01 N V 0 N N fe.. 8 8 8 0 0 2$ r E`i N fD N aD Y C) < CD N N N Y n CD O N t0 0 01 CD n O O� W O N IN O7 N 03 n n 09 CO O! m N 0 h.O CO CO CD 000111 O! CD V. CO N N N n CD CI mm CD 0 COD n T CO CO 01 Of fV Y N N 22,654,999.95 CITY OF PALM DESERT y } 22,654,999.95 22,654,999.95 Subtotal and Average U.S. BANK / LAIF BOND PROCEEDS 14,993,582.61 16,865,802.69 I, CI)t0 Q goo. Q) O O N (0) N (-4p- 0 m 0 NCp 0 < t0 N N Nn 0 CO O p n N CC) O) nCDt"O CD Is D) C) CO C) 01 CD CO CD CD CD CD CD CD CD ssss 0000 N N N N N N N N �0 �8 0 �0 0 (8 0000 �8 � CO 8 8 8 8 8 NVESTMENT FUND NVESTMENT FUND NVESTMENT FUND NVESTMENT FUND NVESTMENT FUND NVESTMENT FUND NVESTMENT FUND U U U U U U U U U Z ZZ ZZ ZZ Z Z w w w w w w w w w 0 0 0 0 0 0 0 0 0 ¢ OU.000¢¢ ¢ cOOOO� ¢ ¢ ¢ t� m CO COco co o 8 8 CO 0 0 CI Co CO M CO CO C) CO CO NNNNNNNNN 262770004 00 0 go Cl NNi CO N N 277292004 252026003 245730004 a O CD N 0 M 0 N N N 75,728,316.39 75,728,316.39 75,728,316.39 75,678,469.49 c c j FEDERAL AGENCY - COUPON C) N N 02/11/2016 FEDERAL FARM CREDIT BANK 03/21/2016 FEDERAL FARM CREDIT BANK (Q n c(i cnn 3133EFYM3 3133EFN78 8 8 O) Subtotal and Average LOCAL AGENCY INVESTMENT FUND N N 0 0 0 0 0 Cs n I A o C 0 0 0 0 0 n 0 0 N m m 10,889,223.96 10,889,223.96 O 8 0 N Y 0 10,889,223.96 10,889,223.96 10,889,223.96 10,883,789.66 Subtotal and Average GOLDMAN SACHS FS GOVT FUND O O 0 0 0 n n n n n 0 0 0 0 o `0 0 0 O C O O G o 6 N C O m 0 00 O O O N O 0 O G. CO O O O O 0 CDmCD(000 N 0 N N0 N CO CO CO CO C) N N N N N 0 0 0 0 0 N y O In I 24 = == z z z z z 0 0 0 0 0 0 0 0 0 0 0 CO CO 0 CO CO CO 07 CO 03 O CO CO 0 0 Lil LO N N 252026002-G 252026003-G 252026004-G Run Date 02J13/2017 - 16 08 CITY OF PALM DESERT 04 C E • ea— G es 27. O 0 m 't O a. t 0 a January 31, 2017 Market Value 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n n n Is n n In Is n Is n n Is Is n n n n n n Is n n n n n n n n n n n n n n n c c c c c c c o c c c c o c c o c c o o c c c c c c o c c c c c c o c c 00 0 0 0 0 0 0 0 0 0 0 00 0 00 0 0 0 0 0 0 0 0 0 0 0 0 00 0 00 0 0 n n n n n Is Is Is Is Is Is n n Is Is Is n n Is n n Nn n n Is n n n n n Is n n n Is c c c c c c c c c c c c c c c c c c c c c o c c c c c c c c c c c c c c S. 8 8 S S S S S S S S S O N S 8 S 8 S 0 0 0 0 0 0 0 0 0 0 0 0 0 (O aD O O O O O CO CD O (7 O at n S o Cb VI Sr CD et 0) CO et N CD N CI ID 0 WI 0 0 ID Is N n m O n N O N Q M (O W S S K O1Y l O t0 .. CO CI Cr) h 0) Of CO- N l'7 N (D 00 O 7 l� iA 0 0 0 S S S 0 0 S S S S 0 fs N 0 0 0 go O S O O S (OD V al 7 0 CO N M CCDD 0 O O O O O O O O O O O O O 0) OD O CD CD CD N N S O n f7 fNp n Ql O O Q Of O co co Q t0 R m r) m V b CA Ch CA CA O N Cr; CO N. (D n M S n S S S S 0 0 0 O 0 0 0 0 0•- 0 0 S S O S O V N O (O O Of � Q N 11 0 0 0 0 0 0 0 0 0 0 0 0 0 fD 00 O O O O O N n CD O n Ni n Or S CD CO O (� V. 0 ^ 0 M /h CO W C'7 CA Of CO a CD : c0 o 0 (0 CO CO (D CO CD CO CO CO CO CD CO CD CO (O CO CO CO CO (O CO t0 CO CD CD CO CD (D (O CD (O CO CO CD CD CO 000000000000000000000000000000000000 N N N N N NNNNQN N N N N CV N N N N N N N N N N N C`1 N N CI CI C+) 0) te) M M VI CAI ) C+) C9 C+) Cn M C+) C) CI VI C+) C") C+) VI C+) C+) VI P) O) tel VI 0, 0) 0) 0) CI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ea 0 0 0 0 (B COCOCOCOV)COCOCOV)COCOU)U)V)V)COU)V)V)U)C/3COCOC/3CnCOCOCOCnCOCOC/303Cn03CO m 2 2 2 2 2 Z 2 2 2 2 Z 2 2 2 2 2 2 2 Z 2 2 2 2 2 2 2 2 2 2 2 2 Z 2 Z 2 2 Investment* a H 0 GOLDMAN SACHS FS GOVT FUND 000000000000000000000000000000000000 CI 0 0 0 0 0 0 C7 0 C9 0 0 0 C7 0 C7 0 C7 0 0 CD 0 C7 0 0 0 0 C7 0 0 0 0 252026005-G 252026006-G 252026007-G 252026008-G 252026009-G 0000000000000000000000 o .- CL Ch v (h (o m o8888 N r) t0 (pD 0 n opo d) d .- o 0 0 0 0 0 0 0 0 0 O S 00 0 O S 00 00 0 0 0 O CO CO (D CO (la (0 CO CO CO CO CO CO CO CO CO CO CO CO CO OD CO 000000000 N N N N N N N N N N N N N 0. CVOICVNNNN N N O 0 0 0 0 0 0 O O O O O z. (0 t0 t0 h v) LL7 N O (0 CO (0 CO t0 (0 (0 (0 D (0 t0 t0 (D N N N N N N N N N N N N N N N N N N N N N N 261470001-G 261470002-G 274729000-G C? Q O 9 c? BSSo N N 0) C00 CO n n n 0) D) Q V CO CD N N N N 230128003-G Portfolio CITY Run Date 02/13/2017 - 16 08 CITY OF PALM DESERT a� p Market Value N. m CO n n n W CO CO CO CO N. n n n n n O 5 Is O O O 0 0 0 0 O 0 O O 0 C 0 O LL S S )A n f f nnO 100. NYO) oY1O+f) 143 N WNN ^OfD W nN) mNN tel 01 0 O O OOOOOO el a0N N aW .f O n 0. Is Is N. fO O 0 O O O O O O O IO W 03 N 04 a O 222222 2222aa 2 O O O O O O O O O s s O S S 8 s Is Is Is Is Isn n n n 000000000 0 C00 0 N m,- CO f N. CO CI O )f aD 0 T N ONi t0 S t0 S 8 �np �cci or (o t0 N O fi N t0 or n f a l+f �ppp Fs 8 8 8 N O N �l) O0) f n A 3 t0 N r N O N C m f7 C) O O O 0 CO M 0) 0 C) Ol O) W S N. t0 pp) O (0 0 (0 8 S O- CD O) W Q) f Q) S )t) S 0 W O O W N OD W W 2 N 0) O) — O O N Y .-—.- f N .- •- N 0 N) .) 0.- Aca N N 0 0 N )C) 0) 0) CO n t0 t0 t0 )0 N co i0 f co a0 n ao O) ( fD N a0 O) N_ f0 co 0 CO C(0 W f. n A O aw) O co N f 0 0 S S v S S S S 0 0 S S at ^ )D P) N CV O 00) S 0 N S On) 0 S 0 0l O) 01 N O N N 01 0) f l') 3 f0 aa�pp )0 �ONp 0 2 V 10 1a�0 000 0 0 0 pp0 SS pp0 80 00 QQS 0 0 0 oi cc; I.> co O N �() co O) :II pp 'N" n /. 8O pq 0 S S O O O pp 0 8 O 8 O pq 0 p op S d .- a0 .- N O O S S N S S O (0 0 O O S f N N N )0 N N N N 49 ei 09 a a y GOLDMAN SACHS FS GOVT FUND CD CO (0 CD CD CD CD CD (0 0 0 0 0 0 0 0 0 0 N N N N N N N N N 0 C0') VIf67 CO+) O /0+) C07 NIc07 8 8 8 8 8 8 8 8 8 H U) N U3 CO U3 N to 0 0 0 0 0Q 0 0 0 MAMA 2 2 2 2 Z 2 2 2 DMAN SACHS 0 0 0 0 0 0 0 0 0 0 0 C5 CO C7 C7 0 C9 C� f n 0) 00) 00 0 (f' IS Is N. 0. CO m CO 00000000 f n O n CO CO CO N 0 CD n o0 0 N N Ins Cn+) NI f '' COCOo7 O ^ tNO N N N N N N N N tD01 m CO Subtotal and Average CORPORATE MEDIUM -TERM NOTES 37,251,000.00 d O. 0 0 o � 0 a') CD CD CD CO CO N. CO CO 0 CD CD 0 CO CD n CO CO CD 0 0 0 0 0 0 0 0 0 0 0 0 0 O G G G G NNNNNNNNNNN N N N N N a s O M 0 O a7 f< f T 7< O) O N O N O C7 N N O N N N N O O N a s c7 rn 0. 0 0 O a Zoo m o 0 0 0 0 0 O O O 0 O Z z z a a a a a a A 037833BB5 CHEVRON CORP. CHEVRON CORP. CHEVRON CORP. 8 CD N. 07 f f C•) m f 037833AJ9 037833AJ9 cc) W MICROSOFT CORPORATION RABOBANK NEDERLANDS NY 594918BN3 74977EPZ0 TOYOTA MOTOR CREDIT CORP TOYOTA MOTOR CREDIT CORP 3- 2 a Y i z 0 g 715 K t. u_ LL J -1 33 WELLS FARGO & COMPANY 94974BFW5 a L > a 0 NEGOTIABLE CDs WELLS FARGO BANK 94988EYV4 ro t 0 0 3 D! COMMERCIAL PAPER - DISCOUNT ABBEY NATIONAL TREASURY BANK OF TOKYO-MITSUBISHI NY BANK OF TOKYO-MITSUBISHI NY JP MORGAN SECURITIES LLC 60 v0)i CO (1) f f 00280NT59 06538BP64 W co m m C4) O 46640PUH4 U a .4 ^0 o LLi s¢ ^ o a- ll. 3 �I 8 01 csi N I N O O O O O O O O O O O O O O O YYp O ffpO Op♦♦ i 3 as Q. H i COMMERCIAL PAPER - DISCOUNT A§§§AA§AA§AAg§AAA§§§§§§§§§AA§§A§ 0 0 0 O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O o O 0 0 0 0 0 o O o 0 88888888888888888888888888888888 o c 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O c 0 o c 0 O 0 c 0 0 c 0 0880888000888888SS888S8888888888 O O O O O O O o O O O O o O O O O O O O O O O O O O O O O O O O 88888888888888888888888888.888888 0 o c 0 0 0 0 0 0 c 0 0 c 0 o 0 0 c 0 0 0 0 0 0 0 c 0 0 c 0 0 000000 00000 000000 00000 0 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N N O 000000 00000 000000 00000 O O 0 o r` r` r` 1- n rn r- rn r- r- Is- n rr r- N. n r- N. r- t` r- is. r- n r- n 0 000000 00000 000000 00000 0 0 0 JP MORGAN SECURITIES LLC CO v a 20,546,130.28 WF ADVANTAGE HERITAGE MMF S FARGO HERITAGE MMF LL U. LL LL LL U. U. U. LL LL U. LL U.U. LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL WWWWWWWWWWUJWWWWWWLUWWWWWWWWWWW 000000000000000000000000000000 ct ct W W W s W W W W W W W W W W W= W W W W W W W W W w w W w W w w w w w w w w w w w w w w w w w W W w w w w w _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ = 000000000000000000000000000000 0000000000000000000000000000(.70 a a a a a Q a Q Q a a Q Q a Q a Q Q a a Q¢ a a Q a a a a U. LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL U. U. LL LL LL LL LL rn U rn CI) CI) CI) V) U) U) CI) CI) V) V) CI) CI) S FARGO HERITAGE MMF w w3 w w w w w w w w w w w w W w w w w w w w w w w w w w w w 3 3 3 3 3 3 3 3 333 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 _ _ _ _ _ _ = 2 = _ I _ _ ? _ _ _ ? _ _ _ _ =1 = _ _ _ _ _ _ = d d N o d c:L0 d N d N A o N 0 0 A 0 0 W d. N l� 4 0 0 0 0 0 0 0 0 0 0 o o 0 0880000 0 000 0 0 0 n r. N. n Co Co CO 0 rn �0 ii o a Y< v v R O V V O rn O 10 0) 0) 0) 0) Of 0) Of 0) 0) 0) 0) 0) 0) 0) MCA O CO 00 CO CO CO CO CO CO CO CO CO CO CO CO CO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N NNNNN N N N N o c v a v v c v v v a v v a v a _ _ = i = _ = = = = = = _ = = = = i i = _ _ _ _ _ _ _ _ _ _ _ _ CV A O LI CV d N d N A d N C7 N rD h GD dlf 0— N Cif ,rof O O 0 0 0 0 0 0 0 O 00O 00 0 0 0 r0 0 0 0 0 0 N. N. 0 0 0 CO CO CO 0) 0f 0 0 v v VVVVVV v v n rn rn 0 C 0) 0) 0) O) 0) 0) 01 0) CD 0) 0) 0) 0) O) 0) CO CO CO CO CO CO CO CO CD CO CO CO CO CO CO CO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NNNNCINNNNNNNCNINNN v v v a a v v e v v v a v a v 8 C0 Run Date 0 CITY OF PALM DESERT January 31, 2017 Market Value a LO CA a 0 0 o c o 0 0 o c o 0 d c o 0 0 0 U $ o o 1 N 0 E m l 0 2 co § f o N. § p: O 25 25 25 25 25 25 25 25 25 2525 25 25 25 25 25 25 coo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 888888888888888888 0 c o 0 0 0 0 o c 0 0 0 0 o c o 0 c 8 S 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 0 8 O O O O O O O O O O O O O O O O O O h O N O h 5.4. N 0 0 00 0 0 0 0 0 0 n n n n n n O O O O O O ILL H H S FARGO HERITAGE MMF 07/01/2015 07/01/2015 07/01/2015 07/01/2015 07/01/2015 1LO10 NNN N N N 000 000 LL LL LL LL LL LL LL LL LL LL LL LL LL 1222222222222 W W W W W W W W W W W W W 0000000000000 H F H F F F~~~ H F H H 2 2 2 2 2 2 2 2 2 2 2 2 2 W W WWWWWWWWWW 2 2 2 2 2 2 2 2 2 2 2 2 2 00000000000000000000000000 2 2 2 2 2 2 2 2 2 2 2 2 2 LL LL LL LL LL LL LL LL LL LL LL LL LL lq (n fA CA CO fn !Q CA CA fA 0 f0 S FARGO HERITAGE MMF U. x 2 2 x x x x x x x C (D 00 O1 O N d 8 8 ILI N N 0 O 0 C.5 r r I,- N.O ~ O O O O O N N N N N C NNNNNNNNNN W S W 0 Q Q 2 x x x 2 x x x x 6 6 N N O G 0 d y 1L sr sr sr sr sr sr N N N N ii ! N N N N N N N N N 22710200-H 22710201-H 22710201-H 22710202-H 22710202-H 22710203-H 22710203-H 23589808-H 23589808-H 23589810-H 23589810-H N 0/3 N CO in to N N O CO N 23589812-H 8 Subtotal and Average RIVERSIDE COUNTY TREASURER 78,385,842.03 78,385,842.03 78,385,842.03 POOLED INVESTMENT FUND 0 N 0 SYS052460 78,385,842.03 78,385,842.03 78,385,842.03 78,381,283.00 Subtotal and Average LOANS RECEIVABLE - EIP 2,270,000.00 s a O CITY OF PALM DESERT O A co co } pq8 Subtotal and Average 270,414,879.93 270,425,073.98 270,545,143.06 Total and Average vs v a. to s vs v <. rr..'. N • r. • r r e 10 0- N °D tO 7 O N <, f CO.rs N a a o as es tu et a z—ow S. LL J N O LL O O ,q u m 2 Z a 5 az o Z `) % 0 o U r m Q M N O o O M M W v N (fl `1 o O i % en a 0 N N T. en Z N N co U sra g It a i 1O ro v D5 p i^. 0 . o m N J' '� w A o i a �. P%o co la r c� 7 a N N a e N N m N Z CO O N m O 4 I 0 0 t0 to �' G E O 0 0. 4'- is j cv %% OO in es 0+ ram.. 1> a < Car, r.. o co oo N 0; .ct °`O` io % oo . <<n :o cN m O0. 0 7 QO1 co N a<r. co N N Y N os A Gb m *6 A Y o, o co co r co`� t� N o i1 'S NG G c o G V, 0�1 To A as N p G N m A O 'OG , N 0 o sp A ,fa is N W G s� N9 A c.v —� j 7 W a 4 IS m +� Y t N� o 115 1 g 5 — 0 m CU � C Q � ° O Z .— =a° Market Value N C w >o 0 0 C N .2 0 0 ' 0. CA CI ti G 3 O co m w n . 0 a a 0 0 0 0 0 0 0 0 0 U Subtotal and Average t- 0 0 24,741,131.35 24,741,131.35 24,741,131.35 LOCAL AGENCY INVESTMENT FUND co 0 0 N 24,741,131.35 24,741,131.35 24,741,131.35 24,724,846.12 Subtotal and Average 0 24,741,131.36 24,741,131.36 24,741,131.36 29,686,609.94 Total and Average Run Date 02/13/2017 - 16 06 Q O A a o c 6i a g January 31, 2017 0 0 0 s� 0 1 a N Market Value m2 tC N c O a o Ofu e > m m a a_ CHECKING HOUSING AUTH CHECKING HOUSING AUTH TRUST VI CO tO O O N N N » 29,701,129.73 29,701,129.73 o E Average Balance Run Date 02/13/2017 - 16 06 RDA SUCCESSOR AGENCY o 2 o< o CO co O oa o • et U.S. BANK / LAIF BOND PROCEEDS RIVERSIDE COUNTY TREASURER 3,866,559.60 4,330,748.28 4,330,748.28 28°° N N O 0• 8 n O cc) o co LOCAL AGENCY INVESTMENT FUND LOANS RECEIVABLE — EIP GOLDMAN SACHS FS GOVT FUND 0 0 0 0 e- 9,646,657.57 9,646,657.57 9,646,657.57 18, 391,127.55 18, 391,127.55 0 0 0 0)to 28,037,785.12 28,037,785.12 28,037,785.12 Total Cash and Investments fA W 0 H Current Year 12,224,300.14 Average Daily Balance Effective Rate of Return _c E • °t a)U c `0 m c E m to -o c m � m EE2 a o • >, g o CO U m c� y 10 a c 0 0 C cn C ma . U4) , Finance Officer Reporting period 01/01/2017-01/31/2017 No fiscal year history available Run Date 02/13/2017 - 16 01 RDA SUCCESSOR AGENCY January 31, 2017 tS co • 11 See N nnn0nnnnnn 0 N N n 01 n h O 1/1 0 0 o 0 0 0 0 0 0 0 1pnnu,nnnnnn N 0 10 (- 0 10 10 10 10 0 000c00ocoo h 1. 0 8888888888 9i 0 0 0 g o o c o 0 o 2 Co w N N 88888888888 0 0 0 0) 0 0 0 0 0 0 ccri ol 0) R. Y% N N L 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00000000000a00000000000 88888888888000088888888 0 0 o c o 0 0 o c 0 c o 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O O O 00 O O O O O C O O O O O O O O O O O O C O O C O O O O O O O O O O O O O O O O O O O O O O O 7 88O8 888808 288888888888888888808888 •o O O O1 O O O o O O Q1 O O O O O O O O O O O O O O O O O O o O O O O ` CD cQ1 • N CV a Investment* a N) 0 U.S. BANK / LAIF BOND PROCEEDS CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT CITY OF PALM DESERT 0§Oo000 C) CO /7 P) f`) M el CO l+) F) M f+) CO CO CO CO d) P) e1 CO N N N N N N N N N N 0000000000 M C9 el f+) P') (6) (4) M M P) C7 CO CO 1) CO el f) N) CO C7 N N N N N N N N N N v) to fA (0 fn to to to to CO 0 0 O 0 0 0 N N N O O O 0 0 0 07/01/2015 Ul .00144,E 0000000 N N N N N N N •O O O O O O O n n n n n n n 0 0 0 0 0 0 0 07/01/2015 �044, 00 000 N N N N O O O O O nn nnn 0 0 0 0 LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL iiiiiiiiiiiiiiiiiiiiiii W W W W W W W W W W W W W W W W W W W W W W W 00000000000000000000000 a- Fa- F H H Va- Va- H F~ H H H H H H H H I-- H I-- FF-- F C Cr C C C C C C C C W C W W C C W C C C W W C W W W W W W W W W W W W W W W W W W W W W W W 2 2 2 2 2 2 2 2 2 2 2 2 2 x 2 x x x 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C C C C C C C C C C C C C C C C C C C C C C C a a a a a a a¢ a a a a¢ a a a¢ a a a a a a a LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL V) 0) CO 10 CO CO V) N V) 01 07 CO 03 N C0 1.0 U) N CO h 0) V 03 9 33333333333333333333333 O Z 7 H WF ADVANTAGE HERITAGE MMF 2= 2 x 2 2 2 2 2 x 2 2 d N 0 O N N 0 0 0 0 cocoa, O O pN p0p p0p 1(pp) p0p 3 3 3 l'� 0p 0p Of Of O) 2 O) 0) W O0 0 Of 00) 00) O) Of 0) d1 Q) Q) Q1 0) 0) 0) 0) 01 0) 01 8905503-H 2 2 2 2 2 2 2 2{ N N) 0 t'1 ((pp �Op ( 0(p0 � O�p0 � O�pp 0(p 0 0 0 O 64) 1p0 1p0 LLp') 4p) tp0pC1 01q N Of O) 0) Of Of Of 0) 00) 00) Q) 0) Q) Q1 0) 01 0) CO 0) 8905900-H 2 2 2 2 2 2 O N N) $ O O O O O N G N N N N pN O 0 0 0LC) 0 0 Ol O O O o w rn 0) 01 8905401-H x 2 x 2 2 N en 6 N 00000 3 3h LL 10 0 0 0 0 0 0) 0) 0) 0) 0) CO CO CO CO CO 8905503-H 2 2 0 8905601-H 8905602-H x x x 2 2 2 2 0a80000 0) 0) C0) 0) CO CO CO Run Date 02/13/2017 - 16 01 N 111 8� O O O O O O O O O 6 O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O se 1 A§§§A§§A§o§§AA§AAAA§§AA§§AA§§§§AA§§§ o o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88888888888.88888888$885888888888$888 000000000000000000000000000000000000 Market Value $$$00$$$$$$$0$$$$$$08$$$ $88$$$80888 000000000000000000000000000000000000 888888888888888888888888888888888888 0 0 c c c c 0 0 0 c c o c 0 c 0 0 0 c c o c 0 0 0 0 c c c c 0 0 0 0 a 0 0 0 07/01/2015 0 0 0 07/01/2015 07/01/2015 07/01/2015 o o o N N N O O O 0 C. 07/01/2015 0 O 0 07/01/2015 07/01/2015 07/01/2015 07/01/2015 07/01/2015 07/01/2015 07/01/2015 07/01/2015 0 0 or - ILL U. ILL LL LL ELL LL LL LL U. ELL LL U. ILL LL LL LL LL LL U. ILL U. W U. ELL ELL LL LL LL U. LL ILL it LL ELL ILL W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1- F- H H F- F- H H H I- H H H H H H H F- H F F H H H f- F- H H F H H F- I- F F- H 2 a' 2 2 a' CC a' 2 CC 2 d' CC 2 a' C4 2 Cr 2 C XXXXX CC CC 2 a' CC2 CC C4CL CC W w W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W• W S S S 2 2 2 2 2 2 x x 2 x S S S S 2 2 x x S S 2 S S x x x 2 x 2 2 2 x S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 . 000000000000000000000000000(.90000000o MIX 2 a x K 2 2 x 2 2 C 2 2 2 K 2 K 2 C 2 2 art C recta 2 2 2 x 2 2 2 LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL CA !n C/) (n V) CI) CO CA CO fn Cn CO CI) CI) CO CO CO V) CO V) fn CI) V) CO CA CO U) (n CO In CA CO CI) fn CO CO C a H WF ADVANTAGE HERITAGE MMF W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W O co 0 8905902-H x x x x x x x S x x N 0 O CV< O C O 0 0 O O 0 0 0 C Of Cl N N N N C O O O O O 0 O 0 O 00 O 0 O 0 0) 05 0) CO W CO 0) 0) 0) 0) CO CO CO CO CO CO CO CO CO CO CO S S S S= 2 2 2 x 2 2 2 oN 0 O N (4) 0 0 �C 0 00) ON N N N N M C07 COI 1) f+)O 0 0 100000000000 W 0) Cr) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) CO CO CO CO CO CO CO CO CO CO CO CO CO 20007500-H 20007500-H 20007501-H 20007501-H 20007502-H 20007502-H 20007503-H 20007503-H 20007600-H 20007600-H 20007601-H 20007601-H 20007602-H 20007602-H 20007603-H 20007603-H 20235900-H 20235900-H 20235901-H 20235901-H 20235902-H 20235902-H 20235903-H 20235903-H 20235904-H 20235904-H 0 N Cl0 88 0 0 N N 20300302-H 20300303-H 20300304-H 20300400-H 20300401-H 20300402-H 20300403-H x= x x 2 x= x x O C4 M O N C) 0 0 0 0 0 0 0 0 0 8 8 8 8 S i ge l l 0 00 0 0 0 0 0 0 0 NNNNNNNNN 20300500-H 20300500-H Portfolio RDAS Run Date 02/13/2017 - 16 01 a Z0 W = m Q w re O c cn R tl� W�.� 2 0 V .O O o as°t IX a. A v v v v V V V V V v g v v V V V V V V A v§ v $t OR • 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 8$ 8 8 8 8 8 8 8$ 8 8 8 8 8 8 8 8 8 8 8 8 8 000000000000000000000000 0 to co 0 0 CO M w a 8 8 of ai 2 2 8 8 8$$$$$$ 0 0 0 8 8 8 8 8 8 8 8 8 8 8 8 Qu 0 of e S o t7 a c i C C o o O C C C C C 0 0 0 0 o C G t7 C C 0 (D t0 0 a ri vi N a c, r) ti 3 8888888888888888888888888 CO el 88 83 N > 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 gi 2 ai oi N. a v.)sr se m vi a3 c m C a H WF ADVANTAGE HERITAGE MMF 07/01/2015 07/01/2015 07/01/2015 1) O O s u. u. LL LL LL 2 2 E W W W W W 00000 Q Q Q Q Q F F H H H 07/01/2015 S FARGO HERITAGE MMF 07/01/2015 S FARGO HERITAGE MMF ,C)WI 0 0 N O O 00 07/01/2015 LL LI. U. U. LL � 2 2 W W W W W 00000 H H H H H 2 2 2 2 2 W W W W 2 2 2 S S 00000 00000 MzCLa:z Q Q Q Q Q LL LL LL LL LL CO 0 N V) N S FARGO HERITAGE MMF 07/01/2015 S FARGO HERITAGE MMF 0 0 N N O O 0 0 07/01/2015 0 O ss s N N N O O O 00 0 LL LL U. LI. LL U LL LL W W W W W W W W 00000000 Q Q Q Q Q Q Q Q h- H F- H H H C t (22 2 2 2 2 2 K W W W W W W W W 2 2 S S S 2 2 2 00000000 00000000 LL LL LL LL LL LL LL LL S FARGO HERITAGE MMF M) 0 N 20300502-H 20300503-H 20300504-H 20300600-H S S S S S S S S p S S S S S 2p S 08 0 0 O N0 0 0 O N O 0 0 0 8 ce CO CO CO CO c0 O O 00 O0. 8 00 0 0 el ()) (() (N INN) () 0 ttil 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O N N N N N N N N N N N N N N N 2 2 2 2 2 S 2 2 0 O O QQ OQO�p O LC) LO 0 0 0 000 8 0 0 0 00000 0 0 0 N N N N N N N N 20300800-H 20300801-H 20300802-H 20300803-H 20300804-H 2 2 2 2 2 O N () < 00000 N N N N N CO el el el el 0) O) O) O) O) 00000 N N N N N 20975500-H 20975501-H 20975502-H 20975502-H 20975503-H 20975503-H LC) (+N) 0 Of N N 8 0 Subtotal and Average RIVERSIDE COUNTY TREASURER POOLED INVESTMENT FUND N 0 SYS052470 Subtotal and Average CA ASSET MANAGEMENT PROGRAM C.A.M.P. POOL (RDA S.A.) co to N Subtotal and Average Run Date 02/13/2017 - 16 01 January 31, 2017 Market Value 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n n n n n n n n O V < < Y O V V N f V Y O Y O ♦ V V N ♦ f ? f N ♦ Y V Y o o 0 0 0 O 0 0 O O O O 0 0 0 0 0 O 0 O 0 o O o 0 O O 0 0 0 0 0 0 0 0 0 0 o 0 o n o o n o o 0 o n o o 0 0 0 0 0 n n n n n n n n v v v♦ o<? e v v o v v v e o♦ f♦♦ f N v♦< O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 0 0 n 0 0 0 CO o 0 0 0 o 8 8 3 g 8 8 8 < 8 0 8 8 8 8 N o o O g g N 0 ono 0 0 N cc 0 o 0 0 0 0 0 0 Y aD (n O NON OD p O S n O o o O M N 8 8 On) O 8 S O 3 8 O o o< 0 8 8 8 m 8 G. 8 T A 0 a0 O O O 00 V) N O O O O O O 3 O O O O O O O O aD N O CO CO 8 § Cl N N CCII N g m 88 88 �OSoo°o_00oo88�3S888�8SSS'8o8 i W N p0 8 o 0 0 0 00 O N O O n 0 0 0 0 n 0 0 0 0 to 0 0 0 0 V a0 il) O ` CO CO O O N .- co V a Inn a pi N co' N a v 3 (o 0 Q. a 09/02/2009 00 3 S C N Q m'2 " S • a a y U LOCAL AGENCY INVESTMENT FUND L.A.I.F. (RDA S.A.) (0 co a co j. Subtotal and Average LOANS RECEIVABLE — EIP RDA SUCCESSOR AGENCY co 0 }co Subtotal and Average GOLDMAN SACHS FS GOVT FUND (D CO CO CO (O (D CO CO CO (O CO (O CO (O CO (O CO CO (0 CO (0 (O (O (O (0 CO CO (D 0000000000000000000000000000 O) O) C) C7 C7 (n f7 C7 fh C7 (+) (") (V c) C) C) M C) C) C) M C) () b) ( ) (V C') P) (n (n (D (n 0 0 (D (D CO 0 (0 10 (0 O N I 0 0 (n (n (o (n (n (n (0 (n 0 (n 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 0 00 0 0 0 COCOCO CI) COCOIzxI=IzIIIxICI) COCOV) CI) COV)V)COCO xxxxxxxxxxxxxxxxxxxxxxxxxxxx zzzzzzzzzzzzzzzzzzzzzzzzzzzz 00000000000000000000000 00 0000000000000000000000000000 <<<4.4.<4.<<8 (08388(0850(o(8((0(co8 n n n n n n n n n n n n n n n n n n n n n n n n n n n n 0 0 0 8 �0 8 8 0 8 00g. 0 004 0 0 00 o co34, 0 0 NNn n n N N N N n n n n n co m co co CO N N N N N 0 0 0 0 0 0 0 0 0 n n n n n N N N N N c+) (+) (h C() C7 CV C7 f") O) O) C7 C7 N) C7 NNNNNNNNNNNNNNNINNOIN 237567000-G 237567001-G 237567002-G 237567003-G 245359001-G 245359002-G 245359003-G Portfolio RDAS 0 m 2 z Run Date 02/13/2017 - 16 01 a a >- Z �' m W c m (DE0 Q m > reasc N i w B 0.2 V D G p D.0 oato. January 31, 2017 a n. 0 V V N V 0: 0:V N< re.V V V V v V V V Y v N V V V V N IN V V V N IN V 0 o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O 0 0 n n n n a0 .Nn m m � n n n n n n n n n n m m Nn n m m N n n n a$ n n n ci ci ca ci ci ♦ ♦ f O N < Y Y Vs f Y < V Y < f Q O V < 7 N Y Y Y < N O ♦ O Y N Y 7 O Q' 0 0 0 0 O 0 0 O 0 0 0 0 0 O O O 0 0 0 O O to ` co O S S S N N S S 0)Wr 0r S O Er S S 0 S S n S S 0 S N m S S y O WI CD Y 0 O 0 0 0 f O 0 0KN) N O 0) O O O a N O O 0) 0 0 0 O t0 n a 0 O.6 Y N 1 ^ O11 O Ol 3,752, 7 N O S S O rmi N S N 00)) n S O O O S o07 CO LC) 0 0 CI O N. 0 0 0 0 r�i `Qi i0 - 0 0 0 0 (4) C< O O N N N) C g O O O Ni a O O O O o O C s h rm OOVf� 0) Wn h N OOi iNA 0 •- O N L 10 7 N G. S S S Nl S N 0 0 110 Om) 0 co 10 ` O O O O 03 O V O O N N M O co ` Ol t00 WQ O) Ong a G. o o f0�)CO 10 (00 S 0 n 0 S S 0 0 C N a 0) O C o 0 0 0 10 (V 1f) r) S S 3 O O o co t7 S a(D 0 S 3 O m S n C O S Y m m CO CO CO m CO CO m m CO m m CO (0 CO m m CO m CO CO t0 m m m CO m (D t0 <0 m CO m CO CO 000000000000000000000000000000000000 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N QQNV M 0) 0) 0) 0) 0) m m 0) 0) 0) 0) 0) 0) 0) o) r) 0) 0) 0) 0) 0) m O) 0 CI (.) 0) 0) 1+) O) 0) 0) O) P) 1`') 0) 10 10 Y) 1() )[) 10 10 10 10 10 10 (f) 10 10 10 i0 If) 10 10 10 1f) 10 (0 10 10 10 10 10 1l) 1f) 10 10 )() 10 10 000000000000000000000000000000000000 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 v�vgu�v�v�v�v�v�vQiv�v��t�vQiu�v�u�v�vgvgvvvvvv vguSVSv�vgv�v�� 111111111111111111111111111111111111 Investment # 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C9 C9 0 C7 0 0 0 C7 0 C7 0 0 CI C9 0 C7 0 0 0 0 C7 0 C7 C9 C9 CD C7 C7 0 0 0 Z U. 5 0 LL CO 2 Q 0 z 09000999000c?00oc?oc?0c?c?000c?ooc?o9 Q N 0 ago N p 0p 0pa oOo N 0 O N 0 O N f7 ZS N 0 O N M p� 0 S O S S O O O O O N S N N Om S 0 o S S S 0 Om Om O S S S S Om g S y 0. 0O n C n C n C01 el 01 el � n c� np{ ca rp n Ca np 1mn S CO S V V Y (0 (0 CNO CNO (00 O O O O c0 CO O 0) N N N N Na' N O Q< Q O Q Q Y S O) 100 CO t0 m m m CN0 m (N0 m(0 (00 (00 S S 1p 0 0^ 0 0 IN IN o 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 18 18 ?6 >6 ?6 l6 I8 i8 277292002-G 0 10 Run Dale 0 January 31, 2017 21 0 8 n0 0 0 0 0 0 0 0 0 0 0 0$ n n n n n n n n n n n n c o 0 0 o c o c c o 0 0 0 0 0 • O o 0 0 0 0 0 0 0 0 0 0 O O n n n n n n n n n Its n n n c o 0 0 0 0 0 0 0 0 0 0 0 0 0 88Ao8880 888 88 Ts O O cori O O O eiO O O 0 0 0 0 con N cV Market Value 1 0 4,330,748.28 0 0 cc) 0 8 8 00D O N. 8 0 8 8 0 CO a . . . . . . . . . . . . . . O O O O O 0 O 0 O O O N O O so N co. n N — n t0 O PI ♦ Cr; O 08880n888.-ee 71 O O� O O O, 0 0 O0 0 N 0 o ` O r- N a I A 20 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NNNN N N N N N N N N N N N m cn m c` C•I M M cCs) M C.3 c` a n i n U) 0 n U) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m m 0 'm c m C a D GOLDMAN SACHS FS GOVT FUND CO CO CO CO CO CO CO V7 CO CO CO CO CO II 2 MS S 2 2 22 S 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 cocoa 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C7 C7 0 C7 0 0 C7 0 C7 C7 C7 C7 C7 CA O 0 (- N Cr) et 0 O COn 0 N N N N CO CO CO CO CO CO CO CO CO CO CO O CO O O 277292003-G gg588§8 m � m Is. m m n n n n n n n N N N N N N N 278904002-G 278904003-G 262770000-G 262770001-G 262770002-G 262770003-G 262770004-G 4,330,748.28 Subtotal and Average 9,646,657.57 Total and Average Run Date 02/13/2017 - 16 01 m oft 't'' co F en O. City of Palm Desert 1 Wif�CIf�CG%�E'!' �J' ?t 'f Irt ECONOMIC COMMENTARY The Federal Open Market Committee (FOMC) met on March 15, and raised the federal funds rate by 25 basis points (0.25%) to a range of 0.75% to 1.00%. This is the second rate hike in three months. The FOMC cited steady economic growth, strong job gains, and rising inflation as reasons for the increase. The FOMC wants to stay in front of the economy and do gradual rate hikes, as opposed to letting the economy overheat, and then doing rapid rate hikes that might cause a recession. Wells Fargo Securities is forecasting two more rate hikes in 2017, and three rate hikes in 2018. If this occurs, then the federal funds rate could be at 2.25% by the end of 2018. June 2017 is seen as the most likely date for the next rate hike. The FOMC indicated that it would not be unwinding its $4.5 trillion balance sheet "until normalization of the level of the federal funds rate is well underway." The unwinding of the FOMC's balance sheet will raise long-term interest rates. On March 15, the U.S. debt ceiling limit expired, creating the stage for an intense political battle in Congress. The U.S. Treasury's cash balance will run out by the beginning of summer. The U.S. national debt is currently $19.4 trillion. STATISTICS Thousands of Dollars J`'ife/two; Metz Deputy City Treasurer FEB-17 PORTFOLIO STATISTICS JAN-17 DEC-16 NOV-16 2017 Capital Markets Team Director of Finance & City Treasurer Janet M. Moore Deputy City Treasurer Thomas J. Metz, J.D., M.S.A. Investment Objectives The treasurer shall invest all public monies in a manner that ensures safety of principal; sufficient liquidity to finance the City's expenditures; and the highest yield possible after the previous two objectives have been met. OCT-16 SEP-16 Month -End Book Value $ 279,351 $ 274,831 $ 266,008 $ 263,447 $ 265,361 $ 264,365 Month -End Market Value $ 279,382 $ 274,841 $ 265,973 $ 263,389 $ 265,367 $ 264,391 Paper Gain (Loss) $ 31 $ 10 $ (35) $ (58) $ 6 $ 26 Prior Year Book Variance $ 68,223 $ 67,977 $ 73,069 $ 69,772 $ 69,239 $ 66,009 Interest Earnings (W/O Cash) $ 202 $ 209 $ 197 $ 187 $ 179 $ 160 Yield -To -Maturity 0.97% 0.94% 0.90% 0.89% 0.86% 0.80% Weighted Maturity (Days) 192 190 196 201 195 168 Effective Duration 0.27 0.28 0.30 0.32 0.26 0.26 All data as of January 31, 2017 Dollars in Thousands Maturities 1M 2M 3M 6M 1Y 2Y 3Y 4Y > 5Y Total: Ratin s AAA or Aaa AA or Aa A Unrated Total: Assets Riverside County Pool US Bank/LAIF Bond Proceeds Medium -Term Notes City Loan to RDA Commercial Paper Federal Agency -- Coupon CAMP Goldman Sachs Govt Fund Loans Receivable -- EIP Negotiable CDs Total: Month Mar16 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb PORTFOLIO CHARACTERISTICS February 2017 Market Value $ 105,315 2,001 19,906 33,777 11,487 1,971 2,270 $ 176,727 Market Value $ 152,365 33,262 6,005 80,263 $ 271,895 Market Value 89,275 75,728 41,246 22,655 16,929 9,005 7,157 5,630 2,270 2,000 $ 271,895 City Yield LAIF Yield Variance 0.79 0.51 0.28 0.79 0.53 0.27 0.80 0.55 0.24 0.83 0.58 0.25 0.84 0.59 0.25 0.86 0.63 0.23 0.87 0.63 0.24 0.94 0.65 0.29 0.88 0.68 0.20 0.90 0.72 0.18 0.94 0.75 0.19 0.97 0.78 0.19 Maturities Distribution 1 0 a Credit Quality N 100 80 • 60 60 • 40 - 20 • 0 0 �1M <2M Unrated 30% Asset Allocation I Riverside County Pool 33% Loans Receivable -- ElP 1% Negotiable CDs 1% Goldman Sachs Govt Fund 2% I Performance 1 aE 1.00 0.75 - 0.50 - 0.25 1 s3M 19 11 n 6 n I I 1 0 1 n < M .1Y . 2Y .3Y [4Y aSY AAA or Aaa 51% A AA orAa 2% 12% US Bank/LAIF Bond Proceeds 28°%0 Medium -Term Notes 15% City Loan to RDA Commercial 8% CAMP Federal Paper 3% Agency -- 8% Coupon 3% 1 0.00 y• Marl Ap May J n J I A g Sep Cc N Dec 11LpIF Yak, CCity YiMd 1 1 1 STATEMENT OF COMPLIANCE February 2017 The investment of the City of Palm Desert securities portfolio is governed by California Government Code Section 53601 and by the Palm Desert Statement of Investment Policy. The City investment policy is more conservative than State law. The Palm Desert Audit, Finance & Investment Committee, and the Palm Desert City Council review the City investment policy annually. For the month ended February 28, 2017, the City investment portfolio was in compliance with all applicable state and local laws and regulations. The City Treasurer's Office continued to pursue conservative and prudent investment strategies, based upon the stated objectives of safety, liquidity, and yield. Barring unforeseen events, the City Treasury should have sufficient cash to finance City expenditures for the next six months. In addition, portions of the City investment portfolio could be liquidated in order to meet any significant, unexpected cash requirements. Interactive Data Services and Union Bank Custody Services provided market value prices for corporate securities in the City investment portfolio. All balances are bank balances. Respectfully submitted, Ana At .die Director of Finance & City Treasurer CA Govt Code 53601(a) 53601(b) 53601(c) 53601(d) 53601(e) 53601(f) 53601(g) 53601(h) 53601(i) 53601(1) 53601 (j) 53601(k) 53601(1) 53601(m) 53601(k) 53601(n) 16429.1(b) SUMMARY OF AUTHORIZED INVESTMENTS California Government Code Maximum Maximum Investment Category Maturity Limit Palm Desert Bonds Demand Deposits U.S. Treasuries CA State Debt CA Local Agency Debt Federal Agencies Bankers's Acceptances Commercial Paper Negotiable CDs Repos Reverse Repos Medium -Term Notes Money Market Funds Trust Indenture Debt Secured Bank Deposits Local Government Investment Pools Mortgage -Backed Securities L. A.1. F. 5 Years No Limit 5 Years 5 Years 5 Years 5 Years 180 Days 270 Days 5 Years 1 Year 92 Days 5 Years 90 Days 5 Years 90 Days 5 Years No Limit No Limit No Limit No Limit No Limit No Limit No Limit 40% 25% 30°/° No Limit 20% 30% 20% No Limit No Limit 20% $50MM/Acct Minimum Maximum Quality Maturity A-1/P-1 A AAA & Aaa AAA & Aaa or Advisor A (Issuer) & AA (Security) No Limit 5 Years 5 Years 180 Days 270 Days 5 Years 30 Days 5 Years 90 Days City Investment Policy Maximum Minimum % of City Limit Quality Portfolio No Limit No Limit Not Authorized Not Authorized No Limit 40% 25% 30% 20% Not Authorized 30°I° I 20% A-1 or P-1 A-1 or P-1 AA- or Aa3 A AAA & Aaa 3.3% 6.2% 0.7% 15.2% 2.1 Not Authorized Not Authorized 90 Days I 50% (1) AAA & Aaa or Advisor 35.5% Not Authorized No Limit I $50MM/Acct I Footnotes: (1) Maximum concentration limit for local agency investment pools, excluding bond proceeds. (2) Total does not include Cash; City Loan to RDA; or Loans Receivable -- EIP. 27.9% (2) 90.8% CITY OF PALM DESERT TREASURER'S OFFICE PAGE 3 OF 3 CITY/HOUSING PORTFOLIO CONCENTRATION LIMITS February 2017 % of Investments Book Value Portfolio RIVERSIDE COUNTY TREASURER $ 89,274,842 33.12% U.S. BANK / LAIF BOND PROCEEDS 75,728,316 28.10% MEDIUM -TERM NOTES 41,292,362 15.32% LOCAL AGENCY INVESTMENT FUND (HOUSING) 10,146,131 3.76% COMMERCIAL PAPER -- DISCOUNT 16,856,379 6.25% FEDERAL AGENCY -- COUPON 9,000,000 3.34% GOLDMAN SACHS FS GOVERNMENT FUND 5,630,088 2.09% NEGOTIABLE CDs 2,000,000 0.74% CALIFORNIA ASSET MANAGEMENT PROGRAM 7,156,643 2.66% TOTAL BEFORE CASH $ 257,084,761 95.39% PLUS: CASH (CITY) 7,487,260 2.78% CASH (HOUSING) 4,938,011 1.83% GRAND TOTAL $ 269,510,032 (1) 100.00% FOOTNOTES: (1) In the City of Palm Desert Comprehensive Annual Financial Report ("CAFR"), both the City of Palm Desert ("City") and the City's external auditor define total investments as demand deposits, investments in various instruments, and investments held in local government investment pools. The concentration percentages shown above were calculated based on that definition. (2) Bond proceeds are included in this calculation since they are cash investments that are invested at the discretion of City staff in compliance with the terms and conditions of their bond indentures. (3) The Housing Authority is included in this calculation because it is part of the City of Palm Desert. The City Loan to RDA and the Loans Receivable -- EIP have been excluded from the calculation. 1 tg o ♦ N ' aOS O O O O 0 O osmcn gg at 3 m d 22,654,999.95 75,728,316.39 aOa ^N l) f9 N m M 0 W n 0 10 m N ^ O tD M O ^ S ♦ Of 0 o O von O N N CO- m 2,270,000.00 Z 8 0) 0) 0 v o) 0 0 o g iL A N O) m 6 m O 0ci N O ijnv N N I-. N '0 D) u) — N co. co. N 7,156,642.72 a m 2 22,654,999.95 CITY LOAN TO RDA 7 75,728,316.39 U.S. BANK / LAIF BOND PROCEEDS 4 0 v 0 0 0 o gggggcsi O o 0 C. 0 8 m N8 _ O g N 0u) N Q) CO FEDERALAGENCY- COUPON GOLDMAN SACHS FS GOVT FUND CORPORATE MEDIUM -TERM NOTES NEGOTIABLE CDs COMMERCIAL PAPER - DISCOUNT RIVERSIDE COUNTY TREASURER 2,270,000.00 LOANS RECEIVABLE - EIP 271,863,630.28 271,894,518.40 271,965,889.49 la c m 10 C Cash and Accrued Interest 279,365,041.72 279,395,929.84 279,453,149.81 Total Cash and Investments ) O c ccop O W c� £ 0 c N O ea CO a u. c co co w 0 H Current Year 275,370,726.64 Average Daily Balance to 0 Effective Rate of Retum m y coo. • Y u) C gm 5 E c a E ipc « l0 0 y y C co •_ 0 O m OI Aco ,nmo c 6 a` o_p D > E t y m to m O Uc� Vj O to E f o > E o x CD 'N C coo E m m 0c— ft U ow o_ y O C 7 O H 15 0. O C O ax m m - r y 7 cH c, �oal Jotf As a« co Et Y 83 C C N N O yy y C C g r 0 u. d 10 y g c E:� m to m "lc H 0 u) Reporting period 02/01/2017-02/28/2017 No fiscal year history available 1^. N. N. N. r 0 0 0 0 0 0 0 0 0 0 N.N.N. N. 0 0 0 0 0 0 0 0 0 7 N Z A W 03 Gg: 2CCV 0 OO '8 4 Ts ^ONYO(1NNNO N 10 ♦ OD pnN CO Mt1 f7 m Of N. ^ N to m V I,/•— W. W C CDli W d g U) E m r. W m m o e 7 IN C''B 8 pp 8 m�pcI2p800(8CI 01> p C N m E.O� VO) Y t0 2 N N r- O C r Q C t1 n^ A N N t0 v m a c.3 3 m O o .2LL co 41 V Q Q. a 22,654,999.95 U.S. BANK / LAIF BOND PROCEEDS 16,865,802.69 16,865,802.69 18,865,802.69 CO^CO CO CO CO CO CO CO 0 0 0 0 0 0 0 N N N N N N N 0 0 0 0 0.000 NVESTMENT FUND Cl C O CI 0 0 0 O ZZZZZZZZ > > > > > > 1 U. U. U. U. U. U. U. U. 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V V V Y< Y Y N S 0 S m ' 1— co T o) o) co o) o)o) o) o) o) o) o) o) coo) h co co co OD CO CO CO CO CO CO CO CO CO CO CO COO O O O O O O O O O O O O O O NNNNNNNCl NNNN NNN •W i W 0 Q F- 2 Q • I I 2 I I I I= 2 2 I 2 2= 2 2 2 I I I I I I I I I I I I I 2 Q S S N oeS N O N N f7 O N 0 G 10 g 0 0$ d N" a d a N. o O^ m m m 0 8$ Q g g C o 0 0 0 0 0 0 Q 7i LL a a CO o) o a a a o) o) coof a co o) o) m m m m m m m m m m m m m m m m o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Y N N N N N N N N N N N N N N N 07/01/2015 S FARGO HERITAGE MMF S FARGO HERITAGE MMF LL7 h O 0 O 0[) O O O O O O O O O O O O O 0 o O N N vV QV N N QQQQV 0 0 0 0 0 0 0 0 0 0 0 o o 0 0 0 0 0 0 o o 0 N O O N O N N N N o N O N 0 0 0 0 0 0 0 0 0 0 0 0 0 N. n n n N. n n n n n Is. n n 0 0 0 0 0 0 0 0 0 0 0 00 LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL L LL LL LL LL LL LL LL LL W W W W W W W W W W W W W W W W W W W W W W W W W W W W Q Q • Q • Q • Q Q • Q • Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q t t t t t t t t t t t t t i'- ~ 2 W W W • W ▪ W XXX 2 W MCC W 2 W W W 2 2 W UJ W 2 W W X W W W W W W W W W W W W W W W W W W W W WWWWWWW = 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 (7 • O • O • O • O • O • O • O O O O O O O O O O (.7 O O O O O O O O O O W WWWWXMWWWWM �' 2 d' MCC d' C 2 �' K 4' 2 d' �' O' LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL V) V) CA (A !A !n !A U) 0 CO V) U) U) U) fn (n W U) V) 0 !Q fA V) U) N N S FARGO HERITAGE MMF Run Date 03/ i j 0 o 0 o O o 0yy 0 0 o 0 0 0 o g 0� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 8888888888888888888 o o 0 0 o o 0 0 0 0 0 0 0 0 0 0 0 0 0 3 888888888888888888 • O O O O O O O O O O O O O O O o O O > 3 8888888888888888888 iO O O O O O O O O O O O O O o O 0 0 0 q w O O O O O O 0 0 0 0 0 0 0 00000 N. 0 S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF 07/01/2015 O 0 07/01/2015 07/01/2015 LL LL LL LL LL LL U. LL LL W W W W W W W W W Q • Q Q Q Q Q Q Q Q H H F F F 2 K w S= K LL' d' W W W w W W W W W S 2 S=_= 2 2 2 O 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 2 W K= S 2 2 2 S LL LL LL LL LL LL LL LL LL In CO In ti h U3C/3 CO S FARGO HERITAGE MMF O O O O O - O O N N N N O O O 0 n n N. I, 0 0 0 0 S FARGO HERITAGE MMF LL LL W W I-- F S FARGO HE S FARGO HE S FARGO HERITAGE MMF LL x i « 2 2 2 2=_= 2 2=_= N N 8 0 0 O N N P r !4 1- O O • v v v v v v v v N • v c ~ 0 0 0 0 0 0 C,1 N N N N N W N N N N N N N N N N N N W 0 Q Q • = _ = 2 = = _ = S S • N N a 0 %0 Qv 0 G. Q n N. N. I. y ✓ 3 800000 N N N N N N N N N N N N N 22710200-H 22710201-H 22710202-H 22710202-H 22710203-H 22710203-H 23589808-H 23589810-H T CO el 23589812-H 23589812-H 8 0 Subtotal and Average RIVERSIDE COUNTY TREASURER 89,274,842.03 89,274,842.03 89,274,842.03 POOLED INVESTMENT FUND O m N 0 SYS052480 89,274,842.03 89,274,842.03 89,274,842.03 86,552,592.03 LOANS RECEIVABLE - EIP 8 8 PI 88 88 O O IN O O N N N N N N O O CITY OF PALM DESERT aO M co N s8 U2 I N _ a° 2 0 271,863,630.28 271,894,518.40 271,965,889.49 275,370,726.64 a a � - § Ts > _ re c s 0 E , 0ILI . Co so — to 2 C 3 4 2 as p t § o @ u.= 2 . O t t 2 a @ 5 a. C t0 tu \\ !k a. ° 0 $ 2 0 Cb § @ - q • 2V f.kk ork • / 279,395,929.0 279,453,149.61 275,370,726.64 Run Date. 03/ co \44' 0 �.a 4'c N w c -o c d \e' •J N A ie: N o� o N `O\g,�yA o 4. 2� Ot a 11 O 40 o o L r - e,. o0. c4 � Q= a' .. d m st 3 prt, 0 e- N 'O T tit 0 7 4- N N N a r E �.� r C y o �� N 70 2 N tO N rt N o d d o a z r- s �S.o s. b e- c, CI1 O ) ''m ; N Q O- e0 p sD has 7 0-'' - t r am.► i '. o .a 7 a a cV N m N .� r G. J ea i G 0 s ! O U o tit o(4. to cn 1, c toiU to s N g t t- N "Q io ,- „ to o. 0 o et o• m c� a� 7 s< < d N co 0 S A: U. oY , O J, df N i0% O E 1% G m a.es at1� cc eq m C U �0 7 •• O N O G i0 o m ScWlc \�. m " a 9 `i` vN «my' H Q. Y §$ % 1-4 o % 02 \ s 1 \1 % \ o in r- a-¢ Of °el s - # Ts k 1. Jt \ \ _I m` q pi ® \ �, ® . # \- k \ f g ■ - a a § $ A to $ A \ \ >- c t `_ ..V E® s 7# \ k t Z k% e \1 # k n 0 ■ -,\ 4, S•-ei 2 N © o © �.3 eh{ Z a" I Q. tR f ,# CI ° c \ k . 0 4r} $ q 0. f 2 �1 ILI\ &% Z & t$ S.k ■% e , « a a$■ / \_/e\ 0} 0 5: © - °1 12 § to ° S * 0 % — 1.-4 co A0 % $ C m ~ O d V _ 0) N N H - Z • O G 1 (7)7)7315 =oa Market Value O 0 0 • 61mm CAu • c am m 0 a Investment # H U CHECKING 4,500,577.55 HOUSING AUTH CHECKING 07/01/2015 HOUSING AUTH TRUST Average Balance 29,679,463.52 29,679,463.52 29,679,463.52 Total Cash and Investments Portfolio HA Run Date. 03/16/2017 - 09 39 RDA SUCCESSOR AGENCY n n 0) m n m OD n N 0 c c c 0 0 I 0 p • O 2 O- CD0 N 10 m • co o 0 a Y 0 C.f7 0 t0 8 2 0) 0) 0hco W t0 co OD m> CFI S I...0 (00 N CI 0) - 3,869,078.30 15,924,664.47 15,924,664.47 0 0 0 m n< 0 in co 0) (0 oe N O O N O I, f00 t0 S 6 N (7 co V N tCO 0 00)) V 0)0) c.i 10 .- fh AIF LOCAL AGENCY INVESTMENT FUND US BANK MONEY MARKET ACCT LOANS RECEIVABLE — EIP GOLDMAN SACHS FS GOVT FUND 25,194,725.29 25,194,725.29 25,194,725.29 0 0 CD n O 2,068,737.65 co 0 t00 N 27,263,462.94 27,263,462.94 27,263,462.94 Total Cash and Investments 24,474,340.65 Average Daily Balance m N y �8 N d m c Qc o N c m CO y 7 y c cTi oQ E m o Tv >U c o off d to' v c C y N 'al E� a o CDe f c c o co a) f. co c VI l[) c O c 0 c O N V) c ma Uv — H c.2 O y y o• ."co . l0 -0 0. y 4) E >, v c 3 VrnE Q t0v tl) _Ow y r. y 8 0 m 2 u) O) d O a L C E 3uu)E 8 E nfoo Ea o 8.2a c c O c 0 Ts c oaNU c8c8 a) w E o= y >.o c� . > 1-mo Effective Rate of Retum MARCH 21, 2017 Portfolio RDAS Reporting period 02/01/2017-02/28/2017 No fiscal year history available Run Date 03/21/2017 - 12:55 V r m E E a, t o2en as N2= W V O y 'r�, C ce 0. February 28, 2017 Book Value Market Value n CD ^ CO COCOCO CD CD O O O n O O O O O O 0 0 0 0 0 0 0 0 0 0 0 I m^ m r n ^ CO n n CO COn O O O O O O O 1() O 0 0 0 0 0 0 0 0 0 0 0. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 l 0 88800 o 0 0 0 0 0 0 0 ( IO l0 N m m CO {0 CO CO CO CO CO CO 0 {0 CO COe0 COCO CO a a <CI 22 00000000000 O0000o0000A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88888800 088 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 `0' 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 m N N O O 0 00) 0 0 0 0 0 0 Qi 0 O O o O o 0 0 O o Q1 GD Omf N N 88888888888888888888888 O 0 O C O O O O O O O C O O O O O G o O O O O 0 0 000 0 0 0 0 0 001 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0000)0000000: 00000000000000000000000 CO m a (I N 000 � r0 0. 0 m 0) t) CO c ti am Investment aY a H 0 U.S. BANK / LAIF BOND PROCEEDS C C C C C C C C W W W W W W W W W COW COV) CO CI) CO W W W W W W W W W O O O O O O O O 2 f 2 2 2 aaaaa¢as a a LL LL LL LL LL LL LL LL LL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CITY OF PALM DESERT (Op (0 (8 (8 Y CO CO COOCO 00) O O O O t00 0 0 0 0 0 VI01I)CIC) Cr) Cr) Cr) Cl VI CI CI VI VI CICl<,CI(51I NNCNINNNNNNN 0 0 0 0 0 0 0 0 CO 0 Cl Cr) C7 C7 P) f+) l+) l+) P) Cl l+) C7 O P) C7 Cl M N m N NNCNINNNNNNN o' of 0) co 0) CV Subtotal and Average WF ADVANTAGE HERITAGE MMF S FARGO HERITAGE MMF O O O i0 O O IO 10 O III Ill O O O O O O O O O O NNNN N N N N N N O O O E. O O O O O O O N n n n n n n r� n rn t� 0 0 0 0 0 0 0 0 0 0 0 S FARGO HERITAGE MMF S FARGO HERITAGE MMF LL LL W W (9 (7 H ce W 2 0 0 Q Q LL LL CA (1 S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF 07/01/2015 S FARGO HERITAGE MMF 07/01/2015 S FARGO HERITAGE MMF O O O 0 N N 0 0 0 0 S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF 07/01/2015 S FARGO HERITAGE MMF O N 0 0 S FARGO HERITAGE MMF S FARGO HERITAGE MMF W W W W W W W W W W W W W W W W W W W W W W 2 S S mix S 2= S 2 S 2== 2 2 S 2 S 2= 2 O CV f7 �0 O N CS 6 N eb O CV M 4 O Nf (0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O o 0) 0) 0 CO CO CO CO CI CA s s s � � s s � s � CO CO CO CO CO CO CO CO CO CO CO CD CO CO CO CO CO CO CO CO CO CO CO 2= 2 immix 2 2 2 2 2 S 2 2 2 2Q 2 i% S S S 0 0 0 gg. CV C7 d)A0 N 0C� CV 0 O O C) f0 0 0 0 0 0 0 0 0 0 0 0 ( 0� ( 00 ( 0� f � 0 0 0 0 0 0 IN IOCIi .0 LL N I S 3 b Np 2p pnp 2 2 2 Ili `2 1mn lomn 1� 2) g 0 01 Of 00) CO 00f 001 00) 0 00) 01 O) O) 00f 00) 00) 00) 00) 00) 0) 00) 00f 00) CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CD CO CO CO CO CO CO CO Q 0 PM (PRF_PM2) 7 3.0 Run Date. 03/21/2017 - 12.55 a February 28, 2017 02 Fee, 000000g0000ggg0gg00000ggA000g0000000 O O O O o O O O O O O O O O O 0 0 o a a a 0 0 0 O cc0 0 0 0 o 0 0 0 0 o- .. q :i 0i SO CO CO i 3. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 00 0 o go 0 0 0 0 0 0 0 0 0 0 0 0 g 0 0 2 Q' a a 0 0 0 a 0 a a a O a 0 0 0 a o 0 O a a O a a O a a a a o 0 0 0 0 0 0 V) 0000 0 0 0 0000 0 0 0 0000 0 0 0 0 S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S S S 0 S 0 . II 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 8 Market Value 0 0 0 0 S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S S S 0 0 0 0 0 0 0 0 0 0 0 . . O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O 1 o S o 000 S o 0 000 S 0 o 000 000 0 0 0 0 0 0 S 0 0 0 S S 0 0 0 (0 0 a a O a a a O 0 a a 0 0 G 0 a o o a o a a a a a a a O 0 O O o G 0 0 0 > a a m a m m 0) m c m • qm a N WF ADVANTAGE HERITAGE MMF 07/01/2015 0 0 0000 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N O O O O O O GGGG 0 0 0 0 0 N. n n N. N. 0 0 0000 0000 000 00 LL U. LL LL LL LL LL LL LL LL LL LL W W WWWW W W WW WW 000000000000 H I-- ~ ~ F I-- /-- I-- H I-- H F 2 2 x a' a' w ui a' a' x x WWWWWWWWWWWW XX MX XX x x XX x x 000000000000 0 0 0 0 0 0 0 0 0 MCCWWCZCZCCCLX0 z 0 u. u- lQL u- u. U. LL LL aL U.. U. U.. V) V) N V) U) V) V) V) V) CO V1 V) S FARGO HERITAGE MMF C 2 a' X W W W x XXX 0000 0000 C IX 2 2 LLLLLL u. V) V) V) (J) S FARGO HERITAGE MMF S FARGO HERITAGE MMF 07/01/2015 07/01/2015 07/01/2015 07/01/2015 LC,1C)� ,11 U� 0 000 000 QNN (SIN N O SSG O O n n n n n h- ors 0 0 0 0 0 0 LL LL LL LL LL LL LL LL MIME WWWWWWWW 00000000 tt W a' a' 2 a' W W cc W W W W W W W W W 2 2 x x 2 2 x 2 00000000 00000000 2 K K 2 2 2 2 2 LL It LL LL LL LL (.0 V) V) 0 V) CO CO Cr, S FARGO HERITAGE MMF S FARGO HERITAGE MMF S FARGO HERITAGE MMF LL LL LL LL LL LL 22 2 2 i i i 2 WWWWWW 000000 F H H H H I-- 2 CC2 X WX WX W W XX 2 x x x 000000 000000 2 X IX CC 2 2 LL LL LL LL W W V) V) V) V) CO (/) x ix x x x x x x x x x N O NA . O N 0 O OA O O O O O O O O O O) O) 0) N N N N N O CA CA CA CA i0 N UO0000000000 000p 0) 01 0) 0) 0) 0) 0) 0) CO 0) CO 0) 0) CO CO CO CO CO O CO CO CO CO CO CO CO S x x x x 2 2 x 2 x x x x O N O N V O O 0 O O O A O O O O 0 O) ch O) NNN N NCA LA LA N 0 .00000000 CO 888 COmmmCOmmmm CO 20007500-H 20007500-H 20007501-H 20007502-H 20007502-H 20007503-H 20007503-H 20007600-H 20007600-H 20007601-H 20007601-H x x xJ N 0 0 O O O O co co CAM Ul 0 0 07 P) O p0 N N 01610404 XI x = N f') O 0 0 0 0 CO (0 0) CO SS"" 000 0 NNNN 20235902-H 20235902-H 20235903-H 20235903-H 20235904-H 20235904-H 20300300-H 20300300-H 20300301-H 20300301-H x x x x O 0 0 00 0 CA CA Nr 0 0CA CA 0 N CA CA N N N 20300401-H 20300402-H x x 2 d 2 x x 0 0 0 0 00 0 0 0 33 00 0 0 0 o) o) r) r) r) 00 0 0 00 N N N N N 20300403-H 20300403-H 20300500-H 20300500-H PM (PRF_PM2) 7 3 0 Run Date: 03/21/2017 -12.55 RDA SUCCESSOR AGENCY M a. Book Value Market Value C m I i ti C> CA ; O S S S S S S S S S S S S S S S S S S S S S0S S S CI a MVI N m 0 0 0 0 0 o c c o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ro 0 (0 AIn 1- 0 0 CO N a v a m ro i0 y ` ` O LL d • d o ,ul _ u� .n n to In �n C w 0 0 0 0 0 0 0 0 0 0 0 0 e N N N N N N N N N N N N N N N 0 O O O O O O O O O O O O O O d a n r r r n- o inr r r n r r r r r- e 0 0 0 0 0 0 0 0 0 0 0 0 0 000000gggggg0000000000 c c c o c c o o c c o o c o c o o o o 0 o o 0 0 0 0 0 0 0 0 0 0 CO ggggggggggggggggcn 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S S S S S S S S S S S S S S S S S S S S S S S S 8 . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,869,078.30 S S S 0 0 0 0 0 0 S S S S S S S S S S S S S S S 8 `1 a 0 a 0 0 0 0 c 0 0 0 C O 0 0 0 0 0 0 0 0 c c o 0 0 0 0 rc in r r o CI- of Qi v v m m vi 3,869,078.30 07/01/2015 8 0 U. LL LL LL LL LL LL LL i i i i 2 2 2 2 i 2 r2 i i i i W W W w W W W W F F H H F ia- ii 2 2 W w W W W C C cc ccw w S a' cc a' S a' a' a' w w S cc ccw W W W W W W W W W W W W W W W W 2 2 2 2 2 S S S S 2 S S S 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0) m C7 C7 C7 C7 0 0 C� C7 0 0 0 0 C� C7 t7 C� t7 C� C� 0 0 C� C� C7 of j a ¢ a a a a a a a a a a¢¢¢¢ a a¢¢ a¢¢ a¢ a)!LL LL LL LL LL Li. LL Lt. U. U. LL LL LL LL LL LL LL LL LL LL LL LL > U) a w Q J v w w W w w w w w w w W W W W W W W W W W W W g 00 w 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 a y a.� �1< q z N. a' N,.... c S S S 2 2 2 2 2 2 2 2 2 S S S 2 2 2 2 2 2 2 S S .= , a, 0 N M Co Ep�ppp �p0 (0 O N 0 V N A 0 O N 0 Q O O O S O O O O S S S S SCO CO CO ' A 10 01 Or ~ Orl Ori Orl W Orl O N el = CO o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o rn F o W r S S S S � C o C o S S S S S S S Cf C) C) C7 C) P7 f7 Cn C) C) e a d o o W o W N N N N N N N N N N N N N N N N N N N N N N N N O 2 W Z Q 0 Z 2= S S S S S S S S S= 2 2 S S S 2 S S . G or W 0 N 0 0 g o d N 0 0 0 N A O N c%I O tb y O O O OO a �Op �Op �Op O O O O O O O O G G O O O O Oco d O N 1{'1 h O O m m O CD 00 CO N fV N N N Y] N �p O �f7 N yNj iA Q 0 0 0 0 0 0 0 0 m CI CO CI CO to (0 n h (0 m W o Q 0 0 0 0 0 0 0 0 0 o r r r n r N LL M en r> 00 to en eo rn e� M w m a a w a w rn o rn o i to N V 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 rn } Q} N N N N N N N N N N N N N 01 N N N N N N N N N N I IL CO ' C) co C.A.M.P. POOL (RDA S.A.) li li li Subtotal and Average PM (PRF_PM2) 7.3 0 Run Date 03/21/2017 - 1 1 RDA SUCCESSOR AGENCY a re u) 4.61 °' E0.— m CO CO 0) 0 0 0 (0 0 0 0 h CO 0 0 0 N 0 CO0.m O CO ao CD o 0 o r O 0 0 o N n o o O 0 o CO o V Q) = N Ts 0N) PN+ 0 c c o n o ri 0 0 m o 0 0 0 0 o rrp' eV — c i CO CO r O N N M CO01 r C) CO m 0) h 01 .0d eV N N a co v o m 0) 2_r �; <... o2as Q L xi 0 u. m m O , C o On L r ` 0 O c a aaaaaaaaaaaaaaaaaa d 000000000000000000 n 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 r N. n N. n n 0.n n N. N. n n n CO r r r r NNN N N N N N N N N N N NN O 0 0 0 0 O O O 0 O 0 O 0 0 0 0 0 0 O 0 d d d d d d d d d d d d d d d o o d n o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n r r r n r n r n Is. r n r r n Co n n r n N N N N N N N N N N N N N N N N N N 0 0 0 0 0 0 O 0 0 0 0 0 0 O O 0 0 O 0 2 O 2 8 0 0 n 0 0 0 0 N (r2. 0 0 8 ON) 8 CO O N N Of 0 0 0 LL7 O N O O co O O O O N Ocu tn(0p N. CO CO l n O N co Cr) CO 0. 04 m �� a o rR M v cco aoo oe 0 0 o n o o o 0 N N O) 0 0 0LC/ 0 N) O O COO � N O N 3 15,924,664.47 Market Value m m co o) m P° Of m CO Investment a M 0 LOCAL AGENCY INVESTMENT FUND L.A.I.F. (RDA S.A.) 7,438,283.25 10 0 o ON) 0 CO CO N. 0 0 0 0� o o t- M CO NI inw CA N e) O r . 0 CO 0) I m 4,568 3.000 09/02/2029 4,568 3.000 1,402, 000.00 N. N. N. F. N. N. n N. n N. n N. n N. 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