HomeMy WebLinkAbout03 SEPTEMBER 1996 ��� I N T E R
�G� � MEMO
� _
0 F F I C E
To: SHEILA R. GILLIGAN,DIRECTOR OF COMMUNITY AFFAIRS/
CITY CLERK
From: Paul S. Gibson, Director of Finance/City Treasurer
Subject: NEWDATEF NVES M T& FNAN E M IT E E
Date: September 13, 1996
At its September 11, 1996, regular monthly meeting,the Investment& Finance Committee
unanimously voted to change the date of its monthly meetings through December 1996 to:
SECOND TUESDAY OF EVERY MONTH
9:00 A.M.
NORTH WING CONFERENCE ROOM
The next three meetings, then, will be:
Tuesday, October 8, 1996
Tuesday,November 12, 1996
Tuesday,December 10, 1996
This date could be modified with the new council terms of office starting January 1997. We will
keep you apprised of any future changes. Thauk you!
PSG:rdk
5�.�—� � �CL�-'C�`.
� ' r'�'"'� City of � alm Desert
: � � Council Agenda Request
,
;
�j!
( Meeting of OCTOBER 24, 1996
f
;' 1. To be considered under:
, ',
Consent Calendar_ ResolWions_ Ordinanas_ New Business_
Old Business_ Informational Iteros_ Pubtic Hearings_ Other
i ,
� , , �� 2. Item Title: (Please provide the wording U�at shoald appear as tLe item's title on the agenda).
� ,,, . � . RECEIVE 6 FILE: Minutes� of the September 11, 1996 Investment h Finance Cotmnittee
` � � meeting.
�'
, " � . .. . � , .
� 3. FinenCisl: (Compicte if applicable)
!
ca� nwo,�nuPro;ecc a ro) .e,mounc x«lu�ua
� i (c) In the Cucrent BudgM? (�) APPropriation Requircd7
? APPrwed by Director of Finance:
E,�, � � �
� 4. SUbroltt0(I by: PAUL S. GIBSON, DIRECTOR OF FINANCE/CITY TREASURER
�" :
5. Approvals: DepamnentHcad CiryManagu
� y
AGENDA
INVESTMENT & FINANCE COMMITTEE
WEDNESDAY,SEPTEMBER 11, 1996 — 9:OOA.M.
NORTH WING CONFERENCE ROOM
��������******��������**�**********�****��������*�������������***************�
I. CALL TO ORDER
II. ROLL CALL
III. APPROVAL OF MINUTES
Rec: Approve the Minutes of August 14, 1996, as Submitted.
Action:
IV. ORAL COMMi7NICATIONS
A. Any person wishing to discuss any item not otherwise on the agenda may
address the Investment& Finance Committee at this point by giving his or
her name and address for the record. Remazks shall be limited to a
ma�cimum of five minutes unless additional time is authorized by the
Chairman.
B. This is the time and place for any person who wishes to comment on non-
heazing agenda items. It should be noted that at the Investment& Finance
Committee's discretion, these comments may be deferred until such time
on the agenda, as the item is discussed. Remazks shall be limited to a
maximum of five minutes unless additional time is authorized by the
Chairman.
V. OLD BUSINESS
A. Status of Public and Private Partnershi�s Bac round Checks for
Section 4
B. UpdatP on the Issuance of New Bonds for Redevelopment Housing
Fund Desert Rose
Rec: Review Redevelopment Agency recommendations for issuing
bonds to cover short term cash needs for Desert Rose.
AGENDA - INVES'�'MENT & FINANCE COMMITTEE SEPTEMBER 11, 1996
����**�����*������*�����**������***����***�**����***�***�************�********
VI. NEW BUSINESS
A. Cit�and Redevelopment Agency Investment Schedule
Rec: Review and submit to the next City Council agenda. Review the
presentation on the investment graphs. Review the investment
activity during the month of August. Review status of capital
projects and cash flow projections.
Action:
B. Review Short Term Inve�tments Maturin�in September 1996
Rec: Review investments in 1) collateralized deposits; 2)treasury bonds
and notes; and, 3) Agencies discount notes.
Action:
C. State of California Local Agencv Investment Fund Monthly Re�ort
Rec: Informational item for the Committee to review. No action
required.
D. Monthly Financial R�port for Citv Council
Rec: Report and submit to City Council.
Action:
E. Certification of Fxcellence Award presented to Citv of Palm
Desert/Palm Desert Redevelopment A�encv from MTA
Rec: Informational item for the Committee to review. No action
required.
F. OfSce Comnlex-6/30/96 Financial Report
Rec: Review of financial statements.
Action:
AGENDA - INVESTMENT & FINANCE COMMITTEE SEPTEMBER 11, 1996
****��*��*******�����*********���������**************�*****�**�**�***��***����
VII. REPORTS AND REMARKS
A. Re�orts and Remarks by any Co�n�it�€e Member
B. Items to be �laced on the Next Age�da
VIII. NEXT MEETING DATE
Next regulazly scheduled meeting is C��L�Ib(�i� �� 11��C6 �C[ �D°�D(� �lommmlo
IX. ADJOURNMENT
�^�^ City of Palm Desert
< . ,
� � Council Agenda Request
, , .
MCetlllg Of SEPTEMBER 26, 1996
1. To be considered under:
Consent Calendaz_ Resolutions_ Ordinances_ New Business_
Old Business_ Informational Items_ Public Heazings_ Other_
2. Item Title: (Please provide the wording tLat should appear as the item's title on the agenda).
� � � RECEIVE & FILE: Minutes of the Au ust 14, . 1996 Investment & Finance Committee
� � Meet3ng. �� �
3. Financial: (Camplete if applicable)
(a) AccounUProject# (b) Amaunt Requested
(c) In the Current Budget7 (c) Appropriation Required?
Approve,d by Director of Finance:
4. Submitt0d by: PAUL 5. GIBSON, DIRECTOR OF FINANCE/CITY TREASURER
5. Approvals: Depamnent Head City Manager
�--��-� � • -
� � Minutes -
- Finance Committee
CONVENE On August 14,�1996, the Investment & Finance Committee was
called to order at 9:00 a.m. by Mr. Gibson
ROLL CALL Ray Diaz, Dave Erwin, Paul Gibson, Murray Magloff, Carlos
Ortega, Jean Ruth, Walt Snyder, Bill Veazie, Lorena Armenta
Absent: Richard Kelly
APPROVAL OF MINUTES Upon motion by Mr. Diaz, seconded byMr. Erurin, ihe Minutes of
Juty io, 1996 were APPROVED as submitted. Motion canied
unanimously.
ORAL COMMUNICATIONS Mr. Gibson has indicated Council has over 400 applications from
applicants who are interested in serving on the City's
committees. The applicants must attend at least two meetings
of their choice in order to become familiar with the committee.
The Investment & Finance Committee still has some vacant
positions and might be getting additional new members.
OLD BUSINESS A. Status of Public/Private Partnership Background
Checks for Section Four
None
B. Update on the Broker/Dealer Information
The Redevelopment Agency is working on refinancing
bonds that were issued for Desert Rose. The Agency
would like to substitute the daily floating bonds which are
taxable. The reason they are taxable is because the
Agency is working with private developers and non-profit. s
Recently, the Agency has taken over the project and is
owned by the Agency. They have found a bond counsel =
that is willing to give them an opinion that will allow the
Agency to issue tax exempt bonds. When the actual
numbers and perimeters'are available, the information will
be brought to the Committee. The only thing that has
gone to the Council is the selection of the underv✓riter and
the bond counsel.
Minu - �s
Finance Committee
C. Uudate on Limitina Mutual Funds for Bond Issue
, . Mr. Erwin has ruled that 15% does not necessarily apply
to bond proceeds. This is a problem with the mutual
bonds p�oceeds because there has to be enough funds
available to pay for expenditures that are due, and the
City is required to have 8% to 10% reserve funds of the
bond proceeds.
Also, Fidelity Investment has sent a letter indicating there
has been some changes in the law that impacts the City,
and they have products that are available and meet the
needs of the City. Ms. Ruth has a concern with the limit
of a municipality's surplus money that may be invested in
a money market_mutual fund which has been raised to
20%. The City's Investment Policy states that the City
cannot go over 15%, and this brings up a concern. The
policy needs to be amended to comply with Sections
53601 and 53635 of the California Code as do the
Treasury Only, Treasury, Government, and Tax-Exempt
Portfolios.
A Motion was made by Mr. Erwin,seconded by Mr. Veazie, .
ibat tbis Committee make a recommendation w tbe City
Council and Redevelopment Agency for tbe August 22,1996,
Council meeting. TGis vrill be a temporarily modification
of tbe Investment Policy pending tbe annual review in
January to allow tbe investment accordance witb ibe recent
amendments of tbe California Government Code Sections
53601 and 53635. Motion ca�ried unanimously.
NEW BUSINESS A. CityandRedevelopmentAgencyinvestmentSchedule
There are two types of investment schedules: One is on
the cash basis and the second, is on the accrual. As of :
, this meeting, the Committee will be receiving the accrual
report only because as of June 30 the books have been =
changed to a full accrual on the interest allocation which
effects how they advertise the discounts on purchasing
the investments. Also, on the two schedules, the federal
agency issue coupons and treasury securiry coupons
there is a difference of what is shown on cash versus the
accrual. Receive and file both schedules.
2
� Minu�.;s
Finance Committee
B. Review Short Term Investments Maturing in August
1996
As of July, there are no certificates of deposit in the
portfolio. For the month of August, there is one short
term (Freddie Mac) maturing for the amount of $2.5
million.
Tbe Committee recommended to follow tbe past pract:ce on
pmceeding witb tbe best rates.
C. State of California Local Aaency Investment Fund
Monthly Reuort
Receive and file report.
D. Monthlv Financial Reaort for Citv Council
Receive and file report. Also, submit to Council for their
review and information.
REPORTS AND REMARKS A. Any Committee Members' Reaorts and Remarks .
Mr. Veazie inquired about the Desert Crossing project
and the vacant stores. Mr. Ortega and Mr. Diaz gave a
report on what has lead up to the vacant stores and the
' mismanagement of the leasing.
Mr. Gibson informed the Committee the Palm Desert
Water Services & District audit is 50% complete.
Although there has been one problem and that is auditing
the payroll. When the District was dissolved the payroll
information was suppose to be provided to the City to
conduct as part of the audit and to provide to the State,
and Federal, but the information was not provided. Once
the audit is complete the information wili be transferred to =
the Coachella Valley Water District to manage.
Mr. Ortega provided the Committee with the recent
figures of the Blythe bond deal. The Financing Authority
was used to assist the County with their current financial
crunch. The Agency assisted the County by refinancing
County facilities in Blythe. This will be a, lease
3
Minu+�s
Finance Committee
arrangement; the Agency leases vacant land from the
County and then the Agency gives them money to build
- the buildings. The County will be the project manager.
When the buildings are complete, the Agency leases the
whole thing to the County and the County makes lease
payments. Behind that agreement, if the County does not
make the lease payments, the Agency has the right to
remove money from the trust. This money belongs to the
County. The money consist of tax increments. This is a
non-rated, non-insured.
B. Items to be Piaced on Next Auenda
Mr. Magloff inquired about the status of the Wymer case.
Mr. Erwin taill provide a report at tbe next meeting. •
NEXT MEETING DATE The next Investment & Finance Committee will be Wednesday,
September 11, 1996 at 9:00 a.m.
ADJOURNMENT The Investment & Finance Committee adjourned at 9:50 a.m.
Respectfully submitted,
��Le, � A- �.
ORENA G. ARt ENTA
SECRETARY
4
Thursday, September 05. 1996 07:a5:23 AM MuniSofl Page 7 of 20
PilmDnettAedn•ebpmmtASmc? �
Ta.tOocmon Revaue BamL
1996Sew�x netltn�e
Sourcn mtl➢ae�ofFuods
Caurcx ofFund�
Du Amow[vtBmd� 1I.130.U00.00
Phu:Accfwd IWrtan 28.051.53
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Toul Sownh ofFuodi 11.6)1.101.57
tiee�otFmde
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M���aK� 2S,OS1S3 1.3'XAve�eAm 1.723:%17.3i
adjustmant :.3;2.94
7onlVinofF� - 1L631.10451
Rw Dne � 0?A5.96
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Thursday, September 05, 1946 D7:45:23 AM MuniSofl Page B ot 20
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3,1,07 279.2W 7A204 � 1.0➢3.808
9/L�0" 650.000 5.150 229.204 579]O4 1.108.40d
1�Lro6 212./l�6 112.466 1.091.670
91LD6 680.000 5.250 217./E6 942.�Q6 l.lp1913
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� � 9!L7� 910,000 5.050 81,!!3 1.tr74,!73 1,109,303
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26.05: 28.052 28,0�' 35.05:
8,421,q]3 19551.4)3 1V551.433 Ifl.S'.1.43I
Thursday, September 05, 1996 U7:45:23 AM MuniSoN Page 9 of 20
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Thursday, September 05, 1996 07:45:23 AM MuniSofl Page i 0 of 20
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Thursday, September 05, 1996 07:45:23 AM MuniSoN Page 12 of 20
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1199 208.l1S :6�00 19?.018 18�.035 167.796
?d59 20E,A8 16.300 191,018 �361.035 1637A6
LIAC 20l,718 16,300 191,018 381,035 U8.ffi0
9/I90 208.A6 16,300 193.018 3E�.01 171,511
l�lql lOSJ18 16,300 1C1AlE 760,Oli ]5032!
9iL01 305.318 163W 142.018 35�.035 ]16249
ilS7 208a1E 16_�00 19:,013 J84.035 142281
91IU7 358,J18 16,300 81:,O1F 1,031.035 6W,012
1IC3 193.365 I6J00 177,ObE 1,019.OB5 )Za.187
9iL01 S^7.368 16.J00 35�.068 1.034.135 544.817
3il q/ li 1.J88 10�00 1E1,088 1,018.113 10E93A
9iL01 891,788 16.i00 ¢;6,083 lA}7.175 SRi.9l4
3/Ii0! 160.278 16300 113,078 I.J]AAIS 00,4iJ
9/lA5 VW.Z2S 16.i00 ffi3929 1.03i.85_ 546.45)
bt06 ]I1.B53 16.i00 1:5�53 1,O1VA80 �4b69 � ,
9iI�06 9?6.853 16,30D DI0�53 1.030.105 516.8/2
3�1q7 112:26 :6,iW 103928� 1.016AB� 59AZ8
4;191 9tl,72H 16j00 930578 1.030.857 509.8I9
11AB 100,ie4 16.300 BIA6� I.O15A11 y5119
9/1108 9A!yB1 16J00 W9,6A1 lA3/.368 192371
11AG 79,�19 16.300 61974 - . 1,O11AE1 117l5
9A-09 985.278 16300 . 9719'8 1,033955 9'+6.BTt
3i1,W SJ.9l: i6,300 3i.635 1.W9.613 17,964
9i1�10 IA13.93' 16.300 997,63' 1,0353;0 M328J
3�141 27.'7' 16,3C0 II.415 l.00D]IO 5.1H4
� 9/1�11 lA3?."! 3J:.300 :OC.41c 21io50 9075a
LVl: 0 0 0 204,q73 0
9/I�13 0 0 0 0 0
LV33 0 0 0 0 0
9%lAl 0 0 0 0 0
�• LI�31 0 0 0 0 0
- D/VU 0 0 0 0 0
' LGl! 0 0 0 q p
9i695 D 0 0 0 0
u��1e o 0 0 0 0
9fld6 0 0 0 0 0
bl'll p
177E3.8'8 :9.6?4 1�02.463 11.4�.713 !1.439)q3 :1.139.74 1.2M.126
09/09/1996 City of Palm Deaert PM - 1
PORTFOLIO MASTER SUhA1ARY CITY
AUGUST 31, 1996 ACCROAL
AVERAGE ---YIELD TO MATORITY---
� P6RCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS HOOK VALUE PORTFOLIO TERM MATORITY 6QUIVALENT EQUIVALENT
'""___'____"__""""""'_______________________"_____'______'____________'__"'""""""""__'______'""""""""'____"'
Fidelity Treasury Poo1.......................5 6,45],652.00 '/.8B 1 1 5.026 5.096
Managed Pool Acwunts........................$ 1'7,394.00 0.02 . 1 1 9.738 4.804
Local Agency Inveatment Funda................$ 16,829,609.92 20.53 1 1 5.510 5.58'/
Federal Agency Issuea - Coupon...............$ 5,207,775.61 6.35 1,143 879 5.583 5.660
Federal Agency Issues - Diecouvt..............$ '/,93'/,715.98 9.60 210 53 5.41'/ 5.993
Treasury Securities - Coupon.................5 25,920,526.30 31.61 B3B 587 6.106 6.191
Treasury Securitiea - �iscount...............$ 222;059.23 0.27 1,2'!1 532 6.162 fi.24B
Treasury Securities - T-Bi11s................5 399�593.'/l 0.49 202 18 5.235 5.308
City Loan to RDA.............................$ 19,000,00�.00 23.1'! 2,192 1,764 5.962 5.538
"' _""""
TOTAL SNVESTMENTS and AVERAGES.............$ 81,992,276.25 100.00k B71 657 5.645& 5.724t
=�_�s����s«««'�".am�e�s�a�a�a�e����....��`�'.'�°a�e_na�.���e�a�"���""��
CASH
Passbook/Checking - No Yield Totals..........$ 2,111,966.18 1.842 1.868
(no[ included in yield calcula[iona) �
Accrved In[erest at Purchase.................$ 143,403.41
"""" """'"__'
TOTAL CASH and PURCHASE INTEREST.............5 2,255,369.59
� ::...........`__�s_s�a......."""":.z`:"�`�_a�mas"'.......�.
TOTAL CASN and INVESTMENTS. . . ..............$ 84,247,645.84
�s=_a����saa=a��a�a��v���_���s�s�a�s�sae�a�����e�»�����_�_sa���ea��smme��a���
MONTH ENDING FISCAL
TOTAL EARNINGS AUGUST 31 YEAR TO DATE
Curren[ Year 5 406,923.77 � $ 827,913.59
AVERAGE DAILY HAI,hNCE $ 86,098,948.93 $ 87,153,6']9.05
EFFECTIVE RATE OF RET[1RN 5.56} 5.59k
The investmen[ porCfolio of the City of Palm Desert compliea wi[h its Inveatmen[
Paul 5. Gibson Policy and the California Governmwt Code aections per[aining to the inveatment
Treasurer of local agency fmds. Pending any fuCure actiona by the City Councll or any
unforeseen cataetrophy the City has an adequate caeh flow to meet i[a
e�cpendiCure requirementa for the next aix montha. The month-end market valuee
DATE vere obtained from Firei Trust and IDC �atafeed pricing eervice.
1
09/10/1996 City General bluld pM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATED --- y'�'p --- p7pq'[J[(Iq'y DAYS
NUI�IDER ISSUER DATE B00% VALUE FACE VALUE MARI�T VALUE RATE 360 365 DATE TO MAT
LOCAL AGENCY INVE514fENT FONUS
1200� Local Agency Investmen[ Flin 16,829,609.92 16,829,609.92 16,829,609.92 5.58� 5.510 5.587 1
FEDERAL AGENCY ISSOES - DISCOUNT �
15003 Federal Home Loan Bank 07/23/96 2,466,750.00 2,500,000.00 2,981,000.14 5.320 5.392 5.46'1 10/21/96 50
15002 Federal National Mortgage A 06/25/96 9,931,800.00 5,�000,000.00 4,980,0��.31 5.280 5.353 5.42] 09/26/96 25
_" """ "'"" _'""_
SUBTOTALS and AVERAGES "/,398,550.00 '/,461,000.45
�,5oa,o00,00 5.366 5.440 33
TREASURY SECURITIES - COUPON
1600� United States Treasury 10/2�/94 3,998,088.24 4,000,000.00 4,011,250.00 6.500 6.614 6.706 11/30/96 90
160�1 United States Treasury 10/2'!/99 1,999,342.11 2,000,000.00 2,011,8]5.00 6.750 6.724 6.818 02/28/97 180
16034 Oni[ed States Treasury OS/31/96 1,998,376.96 2,000,000.00 1,990,000.00 6.000 5.96'/ 6.050 OS/31/98 637
16035 Uni[ed S[a[es Treasury OS/31/96 1,990,403.59 2,000,000.00 1,968,125.00 5.125 6.041 6.125 03/31/98 596
16036 Uni[ed S[ates Treasury Ob/26/96 2,974,719.35 3,000,000.00 2,9'/5,625.00 5.875 6.252 6.338 OB/15/98 '!13
1603"1 United States Treasury o6/26/96 2,921,398.30 3,000,000.00 2,922,18].50 5.125 6.314 6.402 11/30/98 820
16039 Vni[ed States Treasury 06/26/96 1,982,022.2] 2,000,000.00 1,981,895.00 5.3'15 6.052 6.136 11/30/99 455
16039 Oni[ed S[ates Treasury 06/26/96 1,999,2�8.24 2,000,000.00 2,000,625.00 6.000 5.950 6.033 OB/31/9'/ 364
_"'_______"' ____'_""'_____ __'________'"_ _"'_' ____" ______
SUBTOTALS and AVERAGES 19,893,509.06 19,861,562.50
20,000,000.00 6.282 6.369 467
TOTAL IMJESTT!Eh:S ar.d AVG. $ 44,0'l1,668.98 44,152,172.80 ,
99,329,609.92 5.833} 5.919} 216
2
09/10/1996 City General Fund p�.� _ 3
� INVESTMENT PORTFOLIO DETAILS - G45H CITY
AUGUST 31, 1996 ACCRUAL
INVP.S1'MENT . PORCHASE STATED --- Y1Tf "' MATORITY DAYS
NOMBEA ISSIIER DATE BOOK VALUE FACE VALOE MARI(ET VALUE RATE 360 365 DATE TO MAT
PASSH00%/CHECKING ACCOUNTS
13000 Barilc of Ameiica - Checking 139,230.04 0.000 0.000 0.000 �
13002 Bank of America - Savings 1,972,539.56 2.000 1.973 2.000
S[1BTOTALS and AVERAGES 2,111,769.60 1.843 1.Bfi8
ACCzued InCeiesC at PuiChaee � 138,035.17
. TOTAL CASH $ 2,249,809.99
TOTAL CASH and INVESTMENTS $ 46,321,903.'/S
3
09/09/1996 Assessment Diatrict 83-1 PF1 - 2
INVESTMENT PORTFOLIO DETAILS - INVESIT�NTS � CITY
AUGUST 31, 1996 ACCRVAL
INVESTMENT PURCHASE STATED "" YTM "' MATURITY DAYS
NUhIDER ISSIIER DATE BOOK VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT
FIDELITY TAEASURY POOL
12�2] R Fidelity Ins[itutional Cash 72,560.00 ]2,560.00 72,560.00 5.140 5.0'/0 5.140 1
12�34 Fidelity IRStltutiondl Cd9h 202�d�'1.00 202,90'/.00 202,40'/.00 4.300 4.241 4.300 1
______"'"'"___ ______________ ___________""_ _'_"" ______ "____'
SUBTOTAL$ dnd AVERAGES 2"/4,96'l.00 2'/4,96'/.00
2'14,96'/.00 4.460 4.522 1
TOTAL INVESTMENTS and AVG. 5 294,96].00 2']4,96'/.00
274,96].00 4.460Y 4.522t 1
4
09/09/1996 Aaseeement Diatrict 83-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCF3ASE STATED '-- YTM "' MAT[IRITY DAYS
N[JMBER ISSUER DATE HOOK VALiIE FACE VALVE MARI�T VALUE RATE 360 365 DATB TO MAT
CASH WITH 1RUSTEE -FIRST TRUST
24002 Cash with Trus[ee 0.95 , 0.000 0.000 0.000
'__"""""'_____'__'"'""'_________'""__'_______'_'___"""'"""____________""
TOTAL CASH and INVESTMENTS 5 279,967.95
5
09/09/1996 1995 Refunding Honds 84-1-R pM - 2
ZNVESTMENT PORTFOLZO DETAILS - INVESTMENTS CSTY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATED --- Y1M --- MATURITy DAYS
HOMBER ISSUER DATE B00% VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MHT
________________'__________________________»...."__________'_�....�....�"__________________________________'""_______________'_______'_
FIDELITY TREASURY POOL �
12025 R Fidelity Ins[itutional Cash 106,6']3.00 106,6"/3.00 306,6'l3.00 5.140 5.0'/0 5.190 1
12035 Fideli[y Institutional Cash 854,805.00 854,805.00 B54,B05.00 5.140 5.070 5.140 1
__________'_'_ ____'_______" "'"__""""_ ______ _""" ""__
SUBTOTALS and AVERAGES 961,498.00 � 961�496.00
� 961,478.00 5.070 5.140 1
TREASUAY SEC[1RITIES - COUPON
16032 R United 5[ates Treasury OS/03/96 396,'I94.48 400,000.00 399,']50.00 6.3"/5 6.990 6.580 03/31/O1 1,6'/2
TOTAL INVESTMENTS and AVG. 5 1,358,2'/1..48 1,356,228.00
� � 1,361,978.00 5.485$ S.S61k 989
6
09/09/1996 1995 Refunding Bonda 84-1-R pM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31, 1996 ACCRUAL
I�gTT.g[� PURCHASE STATED --- YTM --- MATURITY DAYS
NOf+�ER ISSVER DATE BOOK VALI7E FACE VALUE MARKET VALVE AATE 360 365 DATE TO MAT
CASH WITH TRUSTEE -FIRST 1RUST
24001 Cash with Trustee o.81 0.000 0.000 0.000
Acczved Interest at Purchase 1,602.46
TOTAL CASH $ 1,603.27
TOTAL CASH and INVESTMENTS $ 1,359,8'/5.75
7
09/09/1996 AD 87-1 PM - 2
INVESIMENT PORTPOLIO DETAILS - INVESTMENTS CITY
AUGUST 31, 1996 ACCRtJ�7.
INVESTMENT PURCfV+SE STATED --- YTM --- MATURII7 UAYS
NON�ER ISSUER DATE HOOR VALUE FACE VALUE MAR[�T VALOE RATE 360 365 DATE TO MAT
FIDELITY TAEASURY POOL
12028 A Fidelity Institutional Cash 185,316.00 185,316.00 185,316.00 5.090 5.020 5.090 1
12036 Fideli[y Institu[ional Cash 367,912.00 367,412.00 367,412.00 5.140 5.070 5.140 1
"""""__'___' __'___________ _______'_"__' ____'" _'____ _"'__
SUBTOTALS and AVERAGES � 552,'/28.00 552,728.00
'S52,728.00 5.053 5.123 1
MANAGED POOL ACCOVNTS
12090 Pacific Horizon Treasury Fu 656.00 656.00 656.00 4.900 4.833 4.900 1
12091 Pacific Horizon Treaeury Fu 16,738.00 16,"/38.00 16,738.00 9.800 4.'734 4.800 1
SUBTOTALS and AVERAGES 1'],394.00 1'/,394.00
77,394.00 4.738 9.809 1
_________'"""_'_________"__'___'_____________'___"_____'""'__"""___'_____
TOTAL INVESTMENTS and AVG. $ 570,122.00 570,122.00
570,122.00 5.043} 5.113k 1
8
09/09/1996 AD 87-1 PM - 3
INVE57MENT PORTFOLIO DETAI7,$ - CASH CITY
AUGUST 31, 1996 ACCRUAL
INVESTTIENT . PARCHASE STATED --' Y1Tf "' MATURITY DAYS
��R ISSUER DATE HOOK VALUE FACE VALOE MARI�T VALUE RATE 360 365 DAT6 TO MAT
CASH WITH TAUSTEE -FIRST TRIIST
24009 Cash with TrvsCee 1.52 0.001 0.001 0.001
TOTAL CASH and INVESTMENTS $ 570,123.52
9
09/09/1996 Ind'zan Ridge 91-1 Seriea A PM - 3
INVESTMENT PORTFOLIO DETAILS - INVE5IMENTS � CSTY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STAT6D --- YTM --- MATURITY DAYS
NUN�ER ISSUER DATE BOOR VALUE FAC6 VALUE MARI(ET VALUE RATE 360 365 DAT& TO MAT
FIDELITY TREASURY POOL
12015 Fidelity InsCitutional Cash 307.00 307.00 30'/.00 5.140 5.070 5.140 1
12016 I Fidelity Institutional Cash 981,973.00 981,973.00 981,973.00 5.140 5.0'!0 5.140 1
12022 R Fidelity Institutional Cash 53,605.00 53,605.00 53,605.00 5.140 5.070 5.140 1
SOBTOTALS and AVERAGES 1,035,885.00 1,035,885.00
1,035,BB5.00 5.070 5.140 � 1
FEDERAL AGENCY ISSiIES - DISWONT
15000 R Resolu[ion FDG Corp Fed Bk 0'//0]/92 539,165.48 733,000.00 69'],03'].19 5.191 6.125 6.210 0'//15/9'! 31]
1REASURY SECURITIES - COUPON
16031 R United Statea Treasury 05/03/96 495,993.10 500,000.00 493,437.50 6.375 6.490 6.580 03/31/O1 1,672
TOTAL INVESTMENTS and AVG. $ 2,071,043.58 2,226,359.69
2,268,805.00 5.6BSE 5.764t 483
10
09/09/1996 Indian Ridge 91-1 Series A PM - 3
INVE5IMENT PORTFOLZO D6TAILS - CASH CITY
AUGUST 31, 1996 T+���
INVESTMENf PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSIIER DATE B00% VALUE FAC6 VALUE MAR[�T VALi1G RATE 360 365 DAT& TO MAT
CASH WITH TRUSTEE -FIRST 1RUST
24004 Cash with Trustee 1.54 . 0.000 0.000 0.000
Accrued Interest at Purchase 2,003.07
TOTAL CASH $ 2,004.61
TOTAL CASH and INVESTMENTS $ 2,C73,048.19
11
09/09/1996 Indian Ridge 91-1 Seriea B pM - 2
INVESTMENT PORTFOLIO DETAILS - INV6STMENTS �ITY
AUGUST 31, 1996 ACCRUAL
INVESTMENT Pi1RC77ASE STATED --- YTM --- MATURITY DAYS
N[1MBER ISSUER DATE BOOK VALUE FACE VALUE MARI(ET VALU6 RATE 3fi0 365 DATE TO MAT
FIDELITY TREASI7RY POOL �
12042 I Fidelity Inatitutional Cash 1,453,172.00 1,453,172.00 1,453,172.00 5.190 5.0'!0 5.140 1
12043 Fidelity Institutional Cash 29,023.00 29,023.00 29,023.00 5.140 5.070 5.140 1
12043 R Fidelity Institutional Cash 165,52'/.00 1fi5,52'/.00 165,52'/.00 5.14�0 5.0'/0 5.140 1
12044 Fideli[y Ins[itu[ional Cash 92,707.00 92,707.00 . 92,707.00 5.140 5.070 5.140 1
SUBTOTALS and AVERAGES 1,740,429.Ob 1,740,429.00
1,']40,929.00 S.0'!0 5.140 1
FEDERAL AGENCY ISSUES - COUPON '
14003 I Federal Home Loan Bank 12/12/95 1,000,099.51 1,000,000.00 999,68�.5o 5.420 5.39'l s.a72 01/02/97 123
14005 I Federal Home Loan Bank 12/12/95 1,022,960.87 1,000,000.00 980,625.00 6.285 5.608 5.686 0'//28/00 1,926
14001 I FedeYal Na[ional Mortgage A 12/12/95 1,002�773.61 1,000,000.00 994�68'].50 5.650 5.386 5.461 10/20/97 419
14002 I Federal National Mortgage A 12/12/95 1,073,552.66 1,000,000.00 1,042,18'/.50 8.950 S.B'/"! 5.958 07/12/99 1,044
14009 I Fedeial National Mortgage A 12/12/95 1,108,388.96 1,000,000.00 1,069,3'l5.00 9.050 5.620 5.699 04/10/00 1,317
SUBTOTALS and AVERAGES 5,20'/,]]5.61 S,OB6,562.50
5�000�000.00 � 5.583 5.660 879
TREASURY SECURITIES - COOPON �
16004 United Sta[es Treasury 12/12/95 787,828.9'/ 385,000.00 38],526.56 6.875 5.235 5.308 02/28/97 1B0
16005 Uni[ed S[ates Treasury 12/12/95 292,844.81 291,000.00 291,090.94 6.000 5.24fi 5.319 OB/31/97 364
16006 R Oni[ed S[ates Treasury 12/12/95 488,856.�2 484,000.00 480,06"i.50 5.8]5 5.241 5.314 OB/15/98 713
1600'/ I Oniced States Treasury 12/12/95 1,028,690.]0 1,000,000.00 993,125.00 6.3'/5 5.338 5.413 01/15/00 1,231
1600B R United S[ates Treasury 12/12/95 9'l6,165.96 445,000.00 462,104.69 8.000 5.2'79 5.352 OB/15/99 1,078
16009 I United 5[ates Tzeasury 12/12/95 1,030,881.58 1,000,000.00 1,024,687.50 'I.B'IS 5.212 5.289 04/15/98 591
16010 I Uni[ed Staces Yreasury 12/12/95 1,034,986.99 1,000,000.00 1,015,312.50 7.125 5.272 5.345 10/15/98 774
___""""'______ ___________""" """__"_"_____ ____" "_'"" ___'__
SLTiTOTALS and AVERAG05 4,'/49.755.73 4,653,914.69
4,605,000.00 5.266 5.339 783
TREASLRY SERIRS7IE5 - T-BILLS '
1']�11 Uni2ed Staces Treasvry 12/12/95 399,543.'!1 416,000.00 414,826.83 5.050 5.235 5.308 09/19/96 1B
TOTAL INVESTMENTS and AVG. 5 12,095,504.05 11,895,'133.Od
11,761,429.00 5.373i 5.448} 6B7
12
09/09/1996 Indian Ridge 91-1 Seriea B PM - 3
ZNVESIMENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31, 1996 ACCRUAL
INVESTMEp1• pUA�[7pgE STATED --- Y1M --- MATURITY DAYS
NUM9ER ISSUER DATE BOOK VALUE FACE VALVE MARICET VALUE RATE 360 365 DATE TO MAT
CASN WITH 1RUSTEE -FIRST 7RIIST
24010 Cash with Trustee 1.77 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 12,095,505.82
13
09/09/1996 Sierra Nova 92-1 pM - 2
INVESTMENT PORTFOLIO DETAILS - INVCSTMGNTS CITY
AUGUST 31� 1996 ACCRIIAL
INVESTMENT PURCHASE STATED --- Y1M --- MAT[7RITY DAYS
NUPIDER ISSllER DATE BOOK VALUE FACE VALUE MARICET VALiIE RATE 360 365 DATE TO MAT
FIDELITY TREASURY POOL
12004 Fidelity Insti[utional Cash 78,831.00 '/8,831.00 '/8,831.00 5.600 5.523 5.600 1
12005 Fideli[y Insti[utional Cash 75,000.00 '/5,000.00 75,000.00 5.600 5.523 5.600 1
12006 R Fidelity Institutional Cash 2,058.00 2,058.00 2,058.00 5.090 5.020 5.090 1
1200'! Fideli[y Ins[it�[ional Cash 66,950.00 66,950.00 66,950.00 5.140 5.070 5.140 1
12095 Fidelity Institutional Cash 1]8.00 � 1]8.00 108.00 5.100 5�.030 S.SDO 1
______________ ______________ ______________ ____"' ______ ______
S[1HTOTALS and AVERAGES 223,01'/.00 223,017.00
223,017.00 . 5.382 5.457 1
TREPSURY SECURITIES - COUPON
16033 R Uni[ed Sta[es Treasury OS/03/96 249,996.55 250,000.00 246,91B.05 6.3']5 6.490 6.580 03/31/O1 1,672
TOTAL INVESTMENTS and AVG. S 471,013.55 469,735.75
473,017.00 5.966k 6.098t 881
14
09/09/1996 Sierra Nova 92-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31� 1996 ACCROAL
INVESTIdENT . PUACHASE STATEO "" YTM --- MATTIRITY DAYS
NUMBER ISSUER DATE 800K VALUE FACE VALUE MARI�T VALUE RATE 360 365 OATE TO MAT
CASH WITH TRUSTEE -FIRST TAUST
24008 Cash with Trustee 1'/9.'!0 0.000 0.000 0.000
Acciued IntetesC at Puichase 1,001.59
TOTAL CASH $ 1,181.24
. TOTAL CASH and INVESTMENTS $ 492,199.09
15
09/09/1996 Big Horn 94-i PM - 2
INVESTMENT PORTFOLIO DETAIL$ - INVESTMENTS � CITY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATED --- Y1M --- MATURITY DAYS
NUhIDER ISSUER DATE BOOK VALIIE FACE VALUS MAR[�T VALUE RATE 360 365 DATE TO MAT
FI�ELITY TREASURY POOL
12018 R FideliGy Institu[ional Cash 456,341.00 456,341.00 456,341.00 5.140 5.070 5.140 1
12019 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5.140 1
12�20 I Fideli[y Institutional Caeh 6,863.00 6,863.00 6,863.00 5.190 5.0"!0 5.140 1
12021 Fidelity Insti[utional Cash 366,063.00 366,063.00 366,063.00 5 360 5.089 5.160 1
_________"___ '__'_'______" '__"'"__"_'__ ______ ______ ___"_
SUBTOTALS and AVERAGES 829,267.00 829,267.00
829,26'/.00 5.078 5.149 1
TREASORY SECURITIES - DISCOUNT
17009 R tlnited Sta[es Treasury OB/2R/94 222,059.23 275,000.00 251,625.00 5.953 6.162 6.248 02/15/98 532
'"""'_'""______________'"""______'"'______""""""""'__'_'_"""""'___
TOTAL INVESTMENTS and AVG. $ 1,051,326.23 1,OB0,892.00
1,104,267.00 5.30'/k 5.381k 113
16
09/09/1996 Big Horn 94-1 Phi - 3
ZNVESTM6NL PORTFOLIO DETAILS - CASH CITY
AUGIIST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUf+�ER ISSUER DATE BOOK VALUE FACE VALUE MAR[�T VALUE RATE 360 365 DATE TO MAT
CASH WITH TRUSTEE -FIRST TAUST
2400'] Cash with Trvstee 2.85 , 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 1,051,329.08
17
09/10/1996 Sunterrace 94-2 pp� _ Z
INVESTMENT PORTPOLIO DETAILS - INVESTMENTS CITY
AUGUST 31, 1996 p��QpL
INVESTMENT PURCHASE STATED "' YTM --' MpT'[1RITY DAYS
NOMBER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 36� 365 DATE TO MAT
FIpELITY TREPSURY POOL �
12009 I Fidelity Institutional Cash 33,438.00 33,438.00 33,438.00 5.140 5.070 5.190 1
12010 R Fidelity Institutional Cash 8,675.00 8,675.00 6,675.00 5.140 5.070 5.140 1
12032 Fidelity Institutional Cash '/9.00 79.00 79.00 5.140 5.0"!0 5.140 1
12033 Fidelity Institutional Cash 118,552.00 118,552.00 ' 118,552.00 3.600 3.551 3.600 1
"" ___"_ ______ ___'"'
SUBTOTALS and AVERAGES 160,744.00 160,744.00
160,'l44.00 3.949 4.004 1
TREASORY SECURITIES - COUPON �
36030 R United States Treasury OS/03/96 188,477.38 190,000.00 187,506.25 6.375 6.490 6.580 03/31/O1 1,672
TOTAL INVESTMENTS and AVG. $ 349,221.38 348,250.25
350,744.00 5.321t 5.395k 903
18
09/10/199fi Sun[errace 94-2 PM - 3
INVES'RAENT PORTFOLIO DETAILS - CASH CITY
AUGUST 31, 1996 ACCRUAL
IryyE,Sry�[.�y� pURCHASE STATED --- Y1M --- MATOAITY DAYS
NOMBER ISSiIER DATE BOOK VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT
�nsH WITH TRUSTEE -FIRST 1RUST
290a6 Cash with Tns[ee 2.18 0.000 0.000 0.000
Accrued Interest at Purchase 761.17
TOTAL CASN $ 7fi3.35
TOTAL CASH and INVESTMENTS $ 349,984.]3
19
09/10/1996 Merano 94-3 PM - 2
� INVESIMEPTL PORTFOLIO DETAILS - INVE5IMEPTLS CITY
AS7GUST 31, 1996 ACCRUAL
INVESTMENT Pi1RCHA5E STATED --- Y1M --- MATORITY DAYS
NUhffiER ISSUER DATE BOOR VALUE FACE VALiIE MARI�T VALUE RATE 360 365 DATE TO MAT
FSDELITY TREASURY POOL
12011 Fidelity Institu[ional Cash 18.00 1B.00 18.00 5.140 5.090 5.140 1
12012 I Fidelity Ins[itutional Cash 432,779.00 432,774.00 432,774.00 5.140 5.070 5.14o 1
12013 R Fidelity Institutional Cash 135,84'].00 135,04'].00 135.84'/.00 5.140 5.0'!0 5.140 1
12031 Fidelity Instic�Cional Cash 74,110.00 74,110.00 74,110.00 5.160 S.OB9 . 5.160 1
1203'/ Fidelity Insti[utional Cash 59.00 - 59.00 59.00 5.140 5.0']0 5.14� 1
___"_______'_ ___'__________ '__'__"_____'" _'____ ______ "____
SSIBTOTALS and AVERAGES 642,808.00 642,808.00
60.2,808.00 . 5.072 5.142 1
TOTAL INVESTMENTS and AVG. $ 642,808.00 692,808.00
fi42,808.00 S.0'12} 5.14Z$ 1
2�
09/10/1996 Merano 94-3 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
AUGVST 31, 1996 ACCRUAL
INVESTMENT . P���E STATED --- YTM --- MATURITY DAYS
N[1MBER ISSUER DATE BOOK VALUE FACE VALUE MARI(£T VALUE RATE 360 365 DAT6 TO MAT
CASH WITH 1ROSTEE -FIRST TRVST
29005 Cash with Trustee 3.39 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 692,811.39
21
09/10/1996 95 REV BND: 83-1, 84-1-R, 8�-1 NA - 2
INVESTM6NT PORTFOLIO D&TAILS - INVESTMENLS ' CITY
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STA1'6D --- YTM --- MATURII7 DAYS
NVFffiER ISSUER DATE BOOK VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DAT6 TO MAT
FIDELITY TREASURY POOL
12023 Fidelity In9[itutional Cash z1,243.00 21,243.00 21,243.00 5.140 5.070 5.140 1
12024 Fidelity Inatitu[ional Cash 1,379.00 1,379.00 1,379.00 5.140 5.070 5.140 1
12039 Fidelity Institutional Cash 13,707.00 13,70'/.00 13,70'l.00 5.140 5.070 5.140 1
___"'__'_"" ___"___"""_ _'_"__'______ ______ ____'_ _____'
SUBTOTALS and AVERAGES 36,329.00 36,329.00
36,329.00 5.070 5.140 1
"_"'________________"_______"___'_'_'____________'___"'___'___'____"_'""'
TOTAL INVESTMENTS and AVG. $ 36,329.00 36,329.00
36�329.00 5.0]OE 5.1404 1
22
09/10/1996 95 REV HND: 03-1, 84-1-R, 87-1 PM - 3
INV&STMENT PORTFOLIO DETAILS - CASH CITY
A➢GUST 31, 199fi ACCRUAL
Iryy�g�� pVRCHASE STATED --- YTM --- MATUAITY DAYS
NUN�ER ISSUER DATE BOOR VALUE FACE VALVE FN27(ET VALU& RATE 360 365 DATE TO MAT
CASH WITH TRUSTEE -FIRST TRUST
24003 Cash with Trustee 1.8] � 0.000 0.000 0.000
_'_"_______""'__'_______________'""""""'_'_______"'________'________"""""
TOTAL CASH and INVESTMENTS $ 36,330.87
23
09/09/1996 CITY LOAN TO RDA PM - 2
INVESTMENT PORTFOLIO DETAILS - INVE51MENT5 CITY
AUGUST 31, 1996 ACCRUAL
IPIVESTMENT PURCHASE STAIBD --- YTM --- MATURITY DAYS
NUhIDER ISSUEA DATE BOOK VALUE FACE VALUE MAR[�T VALUE RATE 360 365 DATE TO MAT
____"'_""'"'___________""___"""""'""'_'________"'__.________"'_____________'______'____________"""___'_'_""""__"'_'""'
CITY LOAN TO RDA �
12001 Redevelopment Agency-Loan 0'//O1/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 0'//O1/O1 1,964
TOTAL INVESIMENTS and AVG. $ 19,00�,000.00 19,000,000.00
� 19,000,000.00 5.462& 5.538t 1,]64
24
09/09/1996 PM - 9
City of Palm Desert CITY
INVESTMENT ACTIVITY SUMMARY ACCAUAL
AUGUST 1995 thzough AUGUST 1996
YIELD TO MATVRITY MANAGED N[1DIDER OF N[]MBER OF AVERAGE
MONTH NUf+�ER OF TOTAL 360 365 POOL 56CURITIES SECURITIES AV6RAGE DAYS TO
END YEAR SECURITZES INVESTED EQUIV EQUIV RATE PIIRCHASED MATORED/SOLD TERM MATORITY
August 95 47 66,031,]]8.55 5.858 5.939 5.']00 0 2 808 '/03
September 95 56 70,255,009.54 .5.'1'13 5.053 5.708 6 3 '/'/4 663
Octobez 95 56 65,']11,591.5'/ 5.]50 5.829 � 5.634 8 8 825 695
November 95 54 62,020,526.15 5.737 5.817 5.']00 1 3 865 713
December 95 68 '/1,636,895.19 5.689 5.']68 5.602 1B 4 905 752
Januasy 96 66 84,484,412.25 5.642 5.'720 5.142 2 4 066 618
February 96 67 '/5,923,193.33 5.624 5.702 5.135 4 11 B26 669
March 96 69 75,962,211.51 5.598 5.676 5.076 1 3 82"/ 659
April 96 '/B ]5,2'!],800.04 5.553 5.630 5.1'!1 1 2 835 642
May 96 83 'l8,599,129.59 5.571 5.648 5.175 9 3 853 663
June 96 89 86,019,131.'!2 5.665 5.044 5.1'/'/ 5 1 858 670
July 96 8] B9,']89,']52.15 5.688 5.76'] 5.138 1 1 8'!0 65B
August 96 79 81,992,276.25 5.695 5.724 5.096 0 4 B71 657
� AVERAGES 69 5 75,281,100.60 5.682k 5.755k 5.343k 4 9 837 674
25
09/09/1996 PM - 10
City of Palm Deaer[ CITY .
DI52RIHVfION OF INVE57MENT5 BY TYPE ACCAVAL
AVG[IST 1995 through AUGUST 1996
MONTH "'"""______________'_""" ' TYPES OF INVESTFFIENNTS "'_""_"""__""___________"'_'_"""""_"
END YEAR BCD SCD LA1 LA2 LAS PA1 PA2 M'fN BAC CPI COM FAC FAI1 TRC TAD FID1 MC1
August 95 20.9 8.6 0.9 19.9 0.8 14.5 6.1 20.8
September 95 16.9 .9.1 0.0 13.9 0.8 27.1 5.7 27.0
October 95 17.5 fi.9 0.0 10.8 0.8 29.0 6.1 28.9
November 95 18.5 7.0 0.0 8.2 . 0.9 30.7 4.1 30.6
DeCe�er 95 16.1 5.9 0.0 5.'/ 9.3 O.B 33.3 3.5 0.9 26.5
January 96 13.6 9.9 0.0 20.1 6.2 0.6 28.2 3.0 0.8 22.5
February 96 13.2 6.0 0.0 26.3 6.9 0.'] 18.9 2.0 0.9 25.0
March 96 13.2 '/.6 0.0 25.1 6.9 0.� 18.9 2.0 0.5 25.0
April 96 13.3 ].2 �.0 24.9 "/.0 0.'/ 19.1 2.0 0.5 25.2
May 96 9.6 5.2 0.0 25.3 6.'/ 3.B 22.7 2.0 0.5 24.2
June 96 2.9 4.4 0.0 20.8 6.1 9.2 32.2 1.8 0.5 22.1
.Tuly 96 4.6 0.0 19.6 6.2 12.3 32.0 1.8 0.5 22.4
Augusc 95 '/.9 0.0 20.5 6.4 9.] 31.6 0.3 0.5 23.2
"""""""""""'"""'_"'_________'_'______'_"_______""'"""""""_""____"__""'"""""'""'"'"""""""'"""""'"'"'_
AVERAGE�: .:.9\ 6.6� O.lk 18.6t 4.6t 3.2} 26 1} 3.1t 0.4k 25.St
� BCD � -.:ert::uates c: Pepocl[ - Bank SCD - Certifica[es of Deposit - S k L �
LA1 F:de11ty Treasu:y Pool LA2 - Managed Pool Accounts
LAS - Local Aaency :nvestmmt Funds PA1 - Passbook/Checking Accoun[s
PA2 � Cash vi[h Truscee -Fira[ Trust M1'N - Medium Term Notes �
6AC - Hankers AecepCancea CPI - Coimnercial Papez - Interest Bearing
COM � =ommerclal Paper - Diacoun[ FAC - Federal Agency Issues - Coupon
FAD - Federal Agency Issuea - DiscounC 'fRC - Treasury Securitiea - Coupon
TRD - ':xeasury Securicies - Diecoun[ I�ID1 - Treasury Securities - T-Hills
MC1 - Qty Loan co R�A
26
09/09/1996 PM - 11
City of Palm Desert CITY
INTEAEST £ARNINGS S0t�4N1RY ACCRUAL
AUGUST 31, 1996
MONTH ENDING FISCAL
AUGVST 31, 1996 YEAR TO DAT6
CD/Coupon/Discount Investments:
Interest Collected $ 200,098.'/l S 324,534.85
PLUS Accrved Intereat at End of Period 2,091,043.69 2,091,043.69
LESS Accrued Interest at Beginning of Period ( 1,9"/'/,"l04.91) ( 1,'/81,092.41)
"'"""'""___"""_' __________________
Interes[ Earned during Period 5 313,357.49 639,486.13
ADJUSTED by Yremiums and Discounta -2,6'/2.61 -5,326.06
ADJU51'ED by Capital Gains or Loeaea O.Oa a.00
Earnings durin9 Period 310,684.88 $ 629,160.07
Moitgage Backed Secuzitiea: �
Interest Collected $ 0.00 S 0.00
PLUS Accrued Interest at End of Period 0.00 0.00
LESS Accrved Interest at Beginning of Period ( 0.00) ( 0.001
______'_'_______'_ ______"_____"""""
Interest Earned during Period $ 0.00 0.00
��������n�e��»��a a:����`�`����"���
� ADSUSTED by Premiums and Discounts 0.00 0.00
ADJUSTED by Capital Gains or Losses 0.00 0.00
_"'_'_______'_'_' """"'_'_'""""
Eaznings during Period 0.00 S 0.00 �
Cash/Checking Accovnts:
Interest Collected S 0.00 S 275,073.21
PLUS Accrved SntezeSC at End o£ Period 964,956.'/l 464,956.'!1
LESS Accrued Interest a[ Be9inning of Period ( ' 368,717.82) ( 541,276.90)
____________'_____ ________"_'_'"_'_
InteYe9[ £ained duYing Peziod $ 96�23B.B9 5 198,'/53.52
���a��a�«a������_ �....�...".......
TOTAL Interest Earned duzing Period $ 409,596.30 $ 033,239.65
TOTAL Ajustmenta fzom Premiume and Diecounta $ -2,672.61 $ -5,326.06
TOTAL Capital Gaina or Losaes . S 0.00 $ 0.00
'_"""__'_______ ______"""""'""
TOTAL Earninga during Period 5 406,923.77 $ 82],913.59
""e'���ve�a���s� ��.�....�.......«
27
�9/09/1996 City o£ Palm Deser[ AG - 1
CITY
AGING OF MATURING INVESTMENTS ACCRUAL
Number o£ Book Value Percent of �
Aging Interval Date Investments Portfolio
1 - 30 days 09/10/1996 - 10/09/1996 51 30,132,965.81 36.09
31 - 60 days - 10/10/1996 - 11/OB/1996 1 2,466,750.00 2.95
61 - 90 days 11/09/1996 - 12/OB/1996 1 3,998,279.41 4.79 ,
91 - 180 days 12/09/1996 - 03/OB/199'/ 3 . 3,38'/,154.63 4.06
181 - 365 days o3/09/1997 - 09/09/1997 3 2,831,192.49 3.39
366 - 730 days 09/10/199'! - 09/09/1998 8 11,6'lB,538.93 13.99
731 - 1095 days 09/10/1998 - 09/09/1999 4 5,505,113.88 6.59
1096 - 1460 days 09/10/1999 - 09/OB/2040 3 3,158,932.99 3.98
1961 - 1825 days 09/09/2000 - 09/OB/2001 5 2�,329,319.31 24.35
1825 days and af[er �9/OB/2001 - 0 0.00 0.00
_""_ """_""________ _""__
TOTALS '19 $ 83�488�24'].90 100.00E
ZV
09/09/1996 City of Yalm Deaert � AS - 1
PREMIUM/COtM1TSSI0N/DSSCOUNT AMORTIZATION SC7�DULE CITY
AUGUST 1, 1996 - AUGUST 31, 1996 ACCRUAL
PR. - PREMIUM� C0. - COhA1I55I0N, DS. - DISCOVNT
ACCUMULATED
ISSUER STATED FACE VALUE ORIGINAL COST AMORTIZATION ENDING AMORTIZATION TO HEGIN BAL. AMORTZZED END HAL.
INVST. - FUND $ RATE MAT. DATE CALL DATE AMOUNT BOOK BAL. BEGINNING DA1B THIS PER.� TfiIS PER. THIS PER.
Federal Home Loan Bank 1,000,000 1,000,312.50 312.50 1,000,099.51 -188.32 124.1B -24.6'] 99.51
19003 I-91-18 5.420 O1/02/199'/ / /
Pederal Home Loan Bank 1,o00,000 1,027,187.50 27,187.50 1,022,960.87 -3,73�.06 23,950.94 -489.57 22,960.87
14005 I-91-1B 6.285 0]/28/2000 / /
SUBTOTALS 2,027,500.00 2,023,060.38 -3,925.38 23,5'l4.62 -514.24
27,500.00 23,060.38
FedeYal National Moitga 1�000�000 1�009,530.00 4�530.00 1,002,'1'/3.61 -1,552.95 2,9"/'/.05 -203.44 2,'1'/3.61
140�1 I-91-1H 5.650 10/20/199'/ / /
Federal National Mortga 1,000,000 1,092,030.00 92,030.00 1,073,552.66 -16,337.11 '15,692.B9 -2,140.23 �3,552.66
14002 I-91-18 8.450 07/12/1999 / /
Federal National Mortga 1,000,000 1,13o,000.00 130,000.00 1,108,388.96 -19,10'/.83 110,892.1'] -2,503.21 108,388.96
19�09 I-91-1B 9.050 04/10/2000 / /
SUBTOTALS 3,226,560.00 3,184,]15.23 -36,997.89 189,562.11 -4,846.88
226,560.00 184,715.23
United States Treasury 9,000,000 3,983,150.00 -16,250.00 3,998,088.24 13,6'!9.'!4 -2,5']0.26 658.50 -1,911.'!6
16000-CITY 6.500 ll/30/1996 / /
Uni[ed States Treasury 2,000,000 1.996,8']5.00 -3,125.00 1,999,342.11 2,353.80 -'/A.20 113.31 -65'l.89
isooi-cirx 6.750 oz/ze/i99� / /
Uni[ed States Tzeasury 1,800,000 1,]8],062.50 -12,93'/.50 0.00 12,361.65 -575.85 575.85 0.00
16003-CITY 6.250 OB/31/1996 / /
Uni[ed States Treasury 385,000 391,9"/0.13 6,9]8.13 30'l,828.9'/ -3,661.95 3,316.18 -489.21 2,828.97
16004-91-18 6.875 02/20/1997 / /
❑nited S[a[es Treasury 291,000 294,182.81 3,182.81 292,844.81 -1,1BO.BB 2,001.93 =15'/.12 1,844.81
16005-91-IH 6.000 OB/31/199"1 / /
United Sta[ea Tzeasury 984,00� 990,655.00 6,655.00 488,856.'!2 -1,587.12 5,06'l.BB -211.16 4,B56.'/2
16Q06 R-91-18 5.8]5 08/15/1998 / /
Uni[ed States Treasury 1,000,000 1,034,843 JO 34,843.70 1,028,690.'/0 -5,430.99 29,413.21 -'/22.51 28,690J0
1600� I-91-1B 6.3'/5 O1/15/2000 / /
United S[ates Treasury 445,000 483,'/98.44 3B,�9B.94 4'/6,165.96 -6,736.24 32,062.2� -096.24 31,165.96
16000 R-91-1B 8.000 OB/15/1999 / /
Unit2d S[aCes Tiea9uty 1,000,000 1,056,250.00 56,250.00 1,030,801.58 -15,328.95 40,921.05 -2,039.4'/ 38,881.50
16009 I-91-1H �.8]5 04/15/1998 / /
Uni[ed SCates Treasury 1,000,000 1,046,250.00 46,250.00 1,034,986.99 -10,301.'14 35,868.26 -1,381.2'1 34,486.99
16010 I-91-1B 0.125 10/15/1998 / /
United 5[a[es Treasury 190,000 188,367.19 -1,632.81 188,477.30 81.96 -1,550.85 28.23 -1,522.62
16030 R-99-2 6.3'!5 03/31/2001 / /
29
09/09/1996 City of Palm Deaert AS - 2
PREMIUM/WFAfISSION/DISCOUNT AMORTIZATION SCH8DI7LE CITY
AUGUST 1, 1996 - AUGUST 31, 1996 ACCRUAL
PR. - PREMIUM, C0. - COMAISSION, DS. - DISCOVNT
ACCUMfILATED
ISSUER STATE➢ FACE VALUE ORIGINAL COST AMORTI2ATION ENDING AMORTI2ATION TO HEGIN BAL. AMORTIZED END HAL.
INVST. - FUND # RATE MAT. DATE CALT, DATE AMOUNf e00R HAL. BEGINNING DATE TNIS PER. TFSIS PER. THIS PER.
United States Treasury 500,000 495,'/03.13 -4,296.87 495,993.10 215.68 -4,081.19 ]4.29 -4,006.90
16031 R-91-1A 6.3]5 03/31/2�01 / /
Oni[ed States Treasury 400,000 396,562.50 -3,43'/.50 396,794.48 1'/2.55 -3,269.95 59.93 -3,205.52
16a32 k-84 4-R 6.375 03/31/2001 / / � '
United States Treasury 250,000 24],851.56 -2,148.44 247,996.55 10'l.84 -2,040.60 3'/.15 -2,003.95�
16033 R-92-1 6.375 03/31/2001 / /
United S[ates Treasury 2,000,000 1,998,140.00 -1,860.00 1,990,3�6.96 15'/.97 -1,902.03 'l8.99 -1,623.09
16034-CITY 6.000 OS/31/1998 / /
United States Treasury 2,000,000 1,965,625.00 -34,375.00 1,9]0,403.59 3,185.72 -31,189.28 1,592.87 -29,596.91
16J35-CITY 5.125 03/31/1998 / /
United States Treasuzy 3,000,000 2,9'12,343.95 -2�,656.25 2,909,919.35 1,206.44 -26,399.01 1,D99.16 -25,280.65
16036-CITY 5.8"!5 OB/15/1998 / /
United Seates Treasury 3,000,000 2,914,921.88 -85,078.12 2,921,348.30 3,453.00 -81,625.12 2,9'/3.42 -78,651.70
16�39-CITY 5.125 11/30/1998 / /
llni[ed States Treasury 2,000,000 1,9'l9,3'l5.00 -20,625.00 1,982,022.27 1,422.91 -19,202.59 1�229.86 -1'!,9'/'!.'/3
16038-CITY 5.3]5 11/30/199'] / /
United States Treasury 2,000,000 1,999,062.50 ��937.50 1,999,208.24 '18.31 -859.19 6'/.43 -791.76
16039-CITY 6.000 OB/31/199] / / '
SVBTOTALS 2'/,'l23,598.09 25,920,526.30 -5,'/60.30 -27,162.21 2,688.51
' -21,401.91 -24,473.70
TOTALSOF INVES?MENTS '_________"'"""_'______'_'""""'"' """"""""""""""""""""""
WITH PREMIUM 6 DISCOUNTS 232,658.09 -46,683.5'! -2,6'l2.61
$ 32,977,658.09 � 31,128,301.91 185,974.52 183,301.91
30
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09/09/1996 PD RedevelopmenC Agency � - 1
PORTFOLIo MASTER S[RRAARY �A
AUGUST 31, 1996 ACCRUAL
- AV&RAGE ---YIE1.D 7Y7 MA'PURITY---
P6RCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TBRM MAR'URITY 6qUIVALENT EQUIVALENI'
Fidelity Treaeury Pool.......................$ 20,093,997.00 21.81 1 1 5.009 5.0'/9
Local Agency InVeetmenG Fltnd9................$ 11�651�932.0� 12.65 1 1 5.510 5.587
Federal Agency Issuea - Coupon...........�....5 2,121,035.62 2.30 901 956 5.855 5.937
Fedeial Agency Ieaues - Discount.............$ 493,276.11 0.54 9� 24 5.393 5.46'!
Treaeury Securitiea - Coupon.................$ 5],03'/,198.23 61.90 B51 466 5.8'll 5.952
TiCdeUry SeCuiities - Discount...............$ 953,005.48 0.49 1,314 227 6.104 6.189
Treasury Securities - T-Hill.................$ 200,684.12 0.31 213 194 5.369 5.469
""_____'_______"'"____"""____""__"'__'__'"'__'""'____""___""__"'___""_
TOTAL INVESTMENTS and AVEAAGES.............$ 92,139,128.58 100.00} 555 301 5.639i 5.712L
CASH
Passbook/Checking - No Yield Totals..........$ 458,553.66 0.765 0.775
(not included in yield calcula[ione)
Acczved Interest at Purchase.................$ 70,976.10
__'___"___""__"'"'_____""___'""'____"'"_____""___'__'""_'_____"""
TOTAL CASH and PURCHASE INTEREST.............$ 529,529.76
`:���z���`n:z:'��
TOTAL CPSH and INVESTTiENfS............. ....5 92,668,658.34
MONTH ENDING FISCAL
TOTAL EARNINGS AVGUST 31 YEAR TO DATE
CLrrent Year $ 433,230.10 $ 891,409.0�
AVERAGE DAILY BAI.ANCE S 89,935,159.1'/ $ 89,8'/2,923.02
EFFECTIVE RATE OF RETORN 5.'!0} 5.71k
The investmen[ porGfolio of the P.D. Redevelopmen[ Agency complies wi[h i[s
Paul S. Gibson Inveatment Policy and the California Govetnment Code sections pfYCairting t0 the
Treasurer inuestment of local agency funds. Pending any future actiona by Che Governing
. eoard of the Agency or any unforeseen catastrophy, the Redevelopment Agency hae
adequate cash flov to meet ita expendi[ure zequiremen[s £or [he nex[ aix months.
nATE Mazket values are from Firet Truat s IDC Da[afeed pricing aervice.
1
09/09/1996 Redevelopment Agency - General � - z
INVESTMENf KIRTFOLIO DETAILS - INVESTMENTS �A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCEVVSE STATED "' Y1M --- MA741RITY DAYS
NOMBER ISSUER DATE HOOR VALVE FACE VALiIE MAR[�T VALUE RATE 360 3fi5 DATE TO MAT
__"________'____"___'"_'_""____"'___'_____'____"_'___"_'___'_____'"'_'_'""""'"""_""""'__""'____"'"_____'_"'"__""""""""
LOCAL AGENCY INVESTMENT F(1NU5
21000 Local Agency Investment Fun 9,481,060.39 9,481,060.39 'l,481,060.39 5.509 5.510 5.589 1
21001 Local Agency Investment Fun 9,170,871.63 9,170,8'11.63 4,1'/0,871.63 5.587 5.510 5.58'/ 1
_'_"'"_____"" '__"'_____"_' ___'""___'"" '_'__' "'___ ___"'
SUBTOTALS and AVEAAGES 11,651�932.02 11,651,932.02
. 11,651,932.02 � 5.510 5.58] 1
1REASURY SECOAITIES - COUPON
17069 Unites States Treasury OS/24/96 2,003,994.08 2,000,000.00 1,996,875.00 6.125 5.905 5.98'/ 03/31/98 5'/6
170]0 []nites States Treasury OS/24/96 2,011,448.95 2,000,000.00 2,011,250.00 6.625 5.510 �5.586 03/31/97 211
190]1 Oni[es S[ates Treasury OS/24/96 1,000,841.15 1,000,000.00 1,000,000.00 5.8'75 5.691 5.'/'!0 09/31/9'! 333
1'/0'l2 Unites States Treasuzy OS/24/96 999,127.66 1,000,000.00 998,125.00 5.750 5.749 5.828 09/30/97 394
1]0']3 Unites States Treasury ' OS/29/96 1,00'/,963.79 1,000,000.00 1,000,125.00 'l.500 5.422 5.49'/ O1/31/9'! 152
190]'1 Uni[es S[ates Treasury OS/30/96 986,911.06 1,000,000.00 983,125.00 5.000 5.900 5.982 �1/31/9B 517
_""'_'____"_ __"_______"_' ____""'_______ "____ ____"' '____'
SUBTOSALS and AVERAGES 8,010,2B6.69 7,997,50�.00
8,000,000.00 5.698 5."/'/] 371
_"_"_______'_______________"______'"'"______'"'_______"________""____________
TOTAL INVESTMENTS and AVG. $ 19,662,218J1 19,649,432.02
19,651,932.02 S.SB']} 5.664} 152
2
09/09/1996 Redevelopment Agency - General � ' 3
INVESTMENT PORTFOLIO DETAILS - CASH �A
AUGUST 31, 1996 ACCRUAL
INvesTMEN1' PDRCHASE STAT&D "' YTM -" MATURITY DAYS
idOMBER ISSVER DATE BOOH VAL11E FACE VALUE MAAI�T VALVE RATE 360 365 DATE TO MAT
______"____________'__'_'_____"___"'___'"______"'____'_'_"'____"___""""____'_'____'_"""""_"'____'__'___"'_______"""_'_
C4SH WITH TRUSTEE -FIRST TRUST
26��6 Cash with Tiustee 0.01 0.000 0.000 0.000
Accrued Interest at Purchase 42,]59.57
TOTAL CASH $ 42,759.58
TOTAL CASH and INVESTMENTS 5 19,]04,9"/8.29
3
09/09/1996 RDA $100 Million Hond � � z
INV£STMENT PORTFOLIO DETAILS - INVESR'f4NTS �A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PUACHASE - STAT&D --- Y1M -'- MA79RITY DAYS
NOMBER ISSUER DAT6 BOOR VALSIE FACE VALUE MARKET VAL11E RATE 360 365 DAT6 TO MAT
___"___"_"""__""__'"___"'__""___'___'"_____'_____"___'__'"_____"""""'_'"_____'___"""___""___'"
FIDELITY TREASU1tY FOOL
11010 I Fidelity Institu[ional Cash 6,3'l5,245.00 6,375,245.00 6,3']5,245.00 5.140 5.0'/0 5.140 1
11011 R Fidelity InatitutioRdl Ca9h 716,813.0o ]16,813.00 '/16,813.00 5.140 5.0']0 5.140 1
1]012 E Fidelity Inatitu[ional Cash 113,128.00 113,128.00 113,128.00 5.140 S.D'!0 5.140 1
ll�18 Fidelity In9ti[utiona] Cash 15,4BB.00 15,488.00 15,488.00 5.190 5.0]0 5.140 1
1103'] Fidelity Insti[utional Cash 0.00 � 0.00 0.00 5.140 5.0'/0 5.140 1
"'_____"'____ ___'_'__'____' ___""____""'_ __"'__ __'"__ ______
SUBTOTALS and AVERAGES 7,220,6'/4.00 7,220,674.00
],220,6'/4.00 5.070 5.140 1
TREASURY SECURITIES - COUPON
1'!02'l A Uni[es S[a[es Treasury 03/02/95 249,950.92 250,000.00 250,703.13 6.500 6.487 6.577 11/30/96 90
17030 R Unites States Treasury 03/02/95 249,324.0'/ 250,000.00 251,250.00 6.375 6.636 6.'/28 06/3U/9'/ 302
1')033 R Unites Sta[es Treasury 03/02/95 248,925.22 250,000.00 249,453.13 4.375 6.533 6.623 11/15/96 75
17039 R Uni[es Seaces Treasury �3/02/95 249,630.31 250,000.00 251,250.00 6.500 6.632 6.'/24 OS/15/97 256
1']04a R Onites States Treaeury 03/02/95 249,994.12 250,000.00 250,312.50 6.500 6.438 fi.527 09/30/96 29
17095 E Unites States Treasury 09/O1/95 5,401,254.53 5,390,000.0� 5,428,'/40.63 6.875 6.390 6.4'/8 03/31/99 211
17060 B Oni[es S[ates Treasury 03/02/95 249,661.95 250,000.00 250,625.00 6.125 6.469 fi.559 12/31/96 121
17061 R [Jni[es 5[ates Treasury 03/02/95 249,646.29 250,000.00 250,781.25 6.250 6.523 6.614 O1/31/9'! 152
1'/064 R [Jnites 5[a[es Tzeasuty OS/06/96 3,971,977.65 4,000-,000.0� 3,947,500.00 6.3'15 6.464 6.559 03/31/O1 1,672
10�65 [t Uni[es S[ates Treasury OS/1'!/96 992,208.50 1,000,000.00 981,562.50 6.250 6.359 6.447 04/30/O1 1,702
17067 I Uni[es Sca[es Treasury �5/20/96 9,990,097.97 5,000,000.00 4,989,062.50 4.375 5.295 5.369 ll/15/96 75
19068 I lJnnces Sca[es Treasury OS/20/96 9,996,222.66 5,000,000.00 4,992,18].50 5.625 5.636 5.714 06/30/9'/ 302
170'15 UniCeS SCates Tieasury OS/30/96 1�503,840.94 1,500,000.00 1,509,218.05 6.500 5.366 5.440 11/30/96 90
"____"_______ ___'"______"_ "______'_"____ __"___ ____"_ __'___
SUBTOTAi.S and AVERAGES 23,602,734.'/l 23,59'/,646.89
23,640,000.00 5.955 6.038 49B
TREAS�Fti Sr^'iy:7:E5 - �:SCOUN7'
18014 � ..n::rs Sta:es S[eaeury 09/10/93 304,]80.23 359,000.00 394,952.19 4.048 4.438 4.500 OS/15/9"1 256
18016 F: i:r'.c:�s Sca[es Treaeury 09/10/93 1i8,225.]5 205,000.00 199,895.00 ].951 9.530 9.663 02/15/97 167
""______'"____ _'_'_______""_ ______'_______ ____"_ ______ '__""_
S'?T�TAIS and ACERIwES 953,005.48 544,627.19
. 564,000.00 6.109 6.189 , z2'1
TOTAL iti:ES'.NEN:S antl AVC. $ 31,276,414.19 31,362,948.08
� 31,424,674.00 5.']53} 5.033t 3'/9
.........'........................�:a�za....=�a�a.....�e�e��....aes_a..e�����....���
4
09/09/1996 �r $100 MilliOn Hond � PM - 3
INVESTMF.NT PORTFOLSO DETAILS - CASH �A
AUGUST 31, 1996 . ACCRUAL
INVESR'MENP . PURCHASE STATED --- Y1M -'" �T�RITY DAYS
NOMBER ISSVfiA DATE BOOK VALVE FACE VALVE MAR%6T VALUS AAT6 360 365 DATE TO MAT
_"_____""_________"____"___"'___"___"""""""____'__""___"___'_"_____'__'_'_______"______"____""____'"'
CASH WITH TR(15TEE -FIRST TRIIST
26000 Cash wiCh Trustee 1.62 0.000 0.000 0.000
Accrued InteresC at Purchase 23,974.13
__'_"____"____""____'"____"___'""___"'"__"_____"'___'""___"'___""""""'
TOTAL CASH $ 23,975.75
. TOTAL CASH and INVESTMENTS $ 31,300�389.94
5
09/09/1996 RDA 517.5 Million Bond pM ' Z
. INVESTMENT PORTFOLIO DETAILS - INVESTMENPS � �A
AUGi15T 31, 1996 ACCRUAL
INVE51T1ENT PURCHASE STATED _"' y1M ___ ppTURITY DAYS
NUhIDER ISSUER DATE HOOK VALUE FACE VALUE MAR%ET VALVE RATE 360 365 DATE TO MAT
FIDELITY TR&ASIIRY POOL
11008 R Fidelity Institu[ional Caeh 3B6,a58.00 306,458.00 386,458.00 5.140 5.070 5.140 1
11009 I Fidelity InStitutional Cash 3,644,632.00 3,644,632.00 3,644,632.00 5.140 5.070 5.140 1
11021 Fidelity InsCitu[ional Cash 43,183.00 43,183.00 43,183.00 5.140 5.0']0 5.140 1
11022 Fidelity Institutional Caeh � 219.00 219.00 219.00 5.140 5.0'!0 5.140 1
11023 Fidelity Institutional Cash o.00 0.00 0.00 5.140 5.070 5.14o i
SUBTOTALS and AVERAGES 4,0'l9,492 DO 4,0"l4,492.00
4,0]4,492.00 5.0'!0 5.140 1
TREASURY SECURITIES - COUPON
1'l02o R Unites Staces Treasury 03/03/95 299,962.31 300,000.00 300,375.00 6.500 6.574 6.665 09/30/96 29
1")062 R Unites S[ates Treasury OS/03/96 168,637.65 170,000.00 167,768.'/S 6.375 6.490 6.580 03/31/O1 1,6�2
1vo66 R Unites States Treasury OS/17/96 396,883.43 400,000.00 392,625.00 6.250 6.359 6.447 04/30/O1 1,702
SUBTOTALS and AVERAGES 865,483.39 860�768.75
B10,000.00 6.959 6.548 1,116
TOTAL INVESTMENTS and AVG. $ 4,939�975.39 4�935�260.75
4,944,492.00 5.313$ 5.3873 196
6
09/09/1996 RDA $17.5 Million Hond � ' 3
INV&STMENT PORTFOLIO DETAZLS - CASH �A
AUGOST 31, 1996 ACCRVAL
INV65'1'MENT PURCHASE � STATED --' Y1M --- MA141RITY DAYS
NOMBER ISSUEA DATE HOOK VALUE FACE VALUE MAItKET VALUE RATE 360 365 DATE TO MAT
'_'__'_"____"___"___'_______'"__"__"___'_______"____'__'"__'___"___"'___"__"'___'_"___"
CASH WITH TRUSTEE -FIRST 1RUST
26005 Cash with Trustee 1.87 0.000 0.000 0.000
Accrued Intezest at Purchase � 1,B38.'/l
TOTAL C45H $ 1,840.SB
TOTAL CASH and INVESTMENTS $ 4,941,815.9]
7
09/09/1996 RDA $24 Million Hand �' - Z
INVGSTMENT PORTFOLIO DETAILS - INVES2'MENTS �A
AUGUST 31, 1996 ACCRUAL
INVESTMENR' PURCHASE STATED --' Y1M "-- MAT9RI1'Y DAYS
N[]MBER ISSUER DATE BOOK VALUE FACE VALUE MARf�'1' VALUE RATE 360 365 DATE TO MAT
"____'___""___"____"___'"___'____"____""___"'____"'__'_______"___'_____""_____""_'___""______'"'"'____"""___"_____'_"""'
FIDELITY TREASURY POOL
11002 I Fideli[y Inatitutional Caah 1,327,481.00 1,32],481.00 1,32],481.00 5.140 5.0']0 5.140 1
11003 R Fideli[y Inetitutional Cash 58,984.00 58,984.00 SB,9B4.00 5.140 5.070 5.140 1
11004 E Fidelity Inatitutional Caeh 431,'l52.00 431,752.00 431,]52.00 5.140 5.0'!0 5.140 1
11019 Fidelity Institutional Cash 40,679.00 40,679.00 - 90,679.00 5.140 5.070 5.140 1
11020 Fidelity Institutional Cash 1.Oo 1.00 1.00 5.160 S.OB9 5.160 1
11029 Fidelity Inatitutional Cash 505.0� 505.00 505.00 5.140 5.070 5.140 1
""'___""____' __"_"
SVHTOTALS and AVERAGES 1,859,402.00 1,859,402.00
1,859,402.00 5.0')0 'S.140 1
FEDERAL AGENCY ISSUES - DISCOUNf
16�05 I Federal Farm Ciedit � 06/26/96 493,2'/6.11 500,000.00 498,099.98 5.320 5.393 5.469 09/25/96 24
TREASURY SECUftITiES - COUPON
1']007 I Unites S[ates Treasury 0'//OS/94 999,943.03 1,000,000.00 998,750.00 6.000 5.921 6.003 11/30/97 455
1'1009 I Unites Sta[es Treasury 0'l/O1/95 5,516,8'12.29 5,500,000.00 5,524,062.50 '/.250 5.844 5.926 11/30/96 90
ll010 R Unites States Treasury 0'1/O1/94 �00,02�.51 692,000.00 696,108.'/S 6.'/50 6.165 6.251 OS/31/99 1,002
1']O11 E Uniees States Treasury 0'//O1/94 14,299,1'/6.8'/ 14,342,000.00 14,247,880.63 5.625 5.780 5.860 O1/31/98 517
190'/6 Unites States Treasury OS/30/96 802,322.90 800,000.00 � 802,000.00 6.125 5.640 5.718 OS/31/97 272
SU9TOTALS and AVERAGES 22,318,342 10 22,268,801.88
22,334,000.00 5.809 S.B90 415
___'__'__________'__""'_____"_'___""'_____'""___""'""__'_"'___""""""""
TOTW. INVES'IDiENTS antl AVG. $ 24,671,020.21 29,626,303.86
29,693,402.00 5.'l451 5.825t 3'/6
8
09/09/1996 RDA $24 Million Hond � " 3
INVESTMENI' PORTFOLIO DETAILS - �H �A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHA9E STATED --- YTM --- MATURITY DAYS
NVhIDER ISSIIER DATE B00% VALUE FACE VALi7E .MARI�T VALUE RATE 360 365 DAT6 TO MAT
___'"_____'___'"__"____""___'_____""___"____'_____"'__'"_____"'___"'____'"_____""__'"'___'"__'__"'_'___""""""""_"_"'"'
CASH WITH 1RVSTEE -FIRST TRIIST
26002 Cash with Trustee 3.82 0.000 0.000 0.000
'_'__"___"____""____"'_""""'__��__'_'_'__""'_____"____'_"'_'_"____"'"""'"
TOTAL CASN and INVESTMENTS $ 24,671,024.03
9
09/09/1996 RDA $4 Million Bond � - Z
INVESTMENT P�RTFOLIO DETAIL$ - INVESTMENTS �A
AUGUST 31, 1996 ACCRUAL
INVESTMEN't PURCHAS& - STATED -" Y1T1 -'- hV+T[1RITY DAYS
NUMBER SSSUER DATE BOOR VALUE FACE VALUE M11AR[�T VALUE RATE 360 365 DATE TO MAT
"'____'___'_"_____"_____"'____'___"'____"____"_____""___""___'"___""___'____"_"_____"'___`""""""""'____"'_'__'_'"'___'_'
FIDELITY 1REPSVRY POOL
11005 I Fidelity Institutional Cash 156,659.00 156,65].00 156,fi5'l.00 5.140 5.090 5.140 1
11006 R Fidelity Institutional Cash 12,079.00 12,079.00 12,079.00 5.140 5.0"l0 5.14o 1
11025 Fidelity Institu[ional Cash 2],581.00 2'/,581.00 2'l,SB1.00 5.140 5.0'!0 5.140 1
11026 Fidelity Institutional Cash 0.00 O.oO o.00 5.1a0 S.o']0 5.1ao 1
11�2'/ E Fidelity InstiCutional Cash 150,093.00 250,093.00 I50,093.00 5.140 5.070 5.140 1
11028 Fidelity InstitUtional Cash 33.00 33.00 33.00 5.140 S.0'!0 5.140 1
____"____""__ ""'_'""____ "'"____"______ "__"' ___'"_ ___'_'
SU2TOTALS and AVERAGES 346,443.00 396,443.00
346,493.00� 5.0]0 5.140 1
FEDERAL AGENCY ISSUES - COUPON
15005 6 Federal Home Loan Bank 06/14/95 2,121,035.62 2,115,000.00 2,113,6'lB.13 6.105 5.855 5.93] 12/O1/9] 456
TREASURY SECIIRITIES - COUPON
19012 I Unites Scates Treasury � 0']/O1/95 1,304,8']3.89 1,300,000.00 1,306,500.00 6.395 5.800 5.88] 06/30/97 302
1]013 R Unites Sta[es Treasury 0'//O1/95 108,560.38 104,000.00 10],47'/.50 7.]SO 6.098 6.182 11/30/99 1,185
1�015 E unices �cates Treasury 0'1/O1/95 231,725.35 231,000.00 230,711.25 6.000 5.695 5.724 11/30/97 455
SUHTOTUS and AVERAGES 1,695,159.62 � 1,644,688.75
1,635,000.00 5.803 5.884 3B2
TOTAL INVESTMENTS and AVG. $ 4,112,638.29 9,104,809.88
9,096,443.00 5.'l60k 5.848t 388
1�
09/09/1996 RDA $4 Million Bond PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH �A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PUR�HI+SE STATED "- YTM "' MAIRIBITY DAYS
NOPIDER ISSUER DATE BOOK VALUE FACE VALUE MAR1(ET VALUE RATE 360 365 DATE TO MAT
"___"'___'"__'"___"__'"_____"____"'____"____"'__"___"___"____""___""___'"""""'_"___'__"________"'_____' '
CASH WITH 1RUSTEE -FIRST TRUST
26003 Cash with Trustee 3.47 0.000 0.000 0.000
_"""""_"_______""________'"'____"______'"___"'___"'____'"""'___"'___"'"""'_"
TOTAL CASH and INVESTMENTS $ 4�112�fi91.71
11
09/09/1996 Low Mod Set-aside Refunding . � - Z
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS � �A
AUGOST 31, 1996 A��v�'
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
N[1MBER ISSUER DATE BOOK VALUE PACE VALUE MAR%ET VALUE RATE 360 365 DAT6 TO MAT
"'___""___'"'___""_____'_________________'"_______"___'__"______""_"_'""___""_____"""""_"'"'"____"""""_______'_'____
FIDELII7 TRF.ASURY POOL
11030 R Fidelity InsGitu[ional Cash 59,494.00 59,494.00 59,494.00 5.140 5.0')0 5.140 1
13031 Fidelity Institutional Cash 20,582.00 20,582.00 20,582.00 5.140 5.070 5.140 1
13032 Fideli[y Institutional Cash 219.00 219.00 219.00 5.140 5.0']0 5.140 1
11040 Fidelity Institutional Cash 474,215.00 474,215.00 974,215.00 5.000 4.932 5.000 1
SUBTOTALS and AVERAGES 554,510.00 554,510.00
� 554,510.00 4.952 5.020 1
1REASURY SEC[1RITIES - COUPON
17063 R Ilnites States TreasuTy OS/03/96 595,191.72 600,000.00 592,125.00 6.375 6.990 6.580 03/31/O1 1,6]2
TOTAL INVESTMENTS and AVG. $ 1,199,'/01.72 1,196,635.00
1,154,510.00 � 5.748& S.B2B& 866
12
09/09/1996 Low Mod Set-aside Refunding � ' 3
INVESTMENT PORTFOLIO DETAILS - CASN �A
AUGIIST 31, 1996 ACCRUAI,
INVESTMENT PURCFiASE STATED --' YTM '"' MA7'ORITY DAYS
NOhffiER ISSUER DATE BOOK VALUE FACE VALUE MARKER' VALVE RATE 360 365 DATE TO MAT
"___'_"____'"'______'___"____'____"_____'____"____"___"____'"'___""___"'"___'"_____'____""___'__'"'_____"""______"'"__"__"
CASH WI'L}t 1RUSTEE -FIRST TRUST
26004 Cash with Trustee 1.22 , 0.000 0.000 0.000
Accrued In[ezes[ at Purchase 2,403.69
TOTAL CASH $ 2,404.91
TOTAL CASH and INVESTMENTS $ 1,152,106.63
13
09h0/19% . Blythe Comty Court Admin C[r � ' Z
INV85'Pt�ffiNT PORTFOLIO DBTAILS - INVESTMENTS �A
AUGUST 31, 1996 ACCROAi. -
INV6STMENT PUACHASH STATED "' Y1T1 "' MATURITY DAYS
NUM1ffiER ISSVER DAT6 BOOR VALUE FACE VALUE MARRET VALO6 RATH 360 365 . DA1B TO MAT
FIDELITY TREHSi1RY POOL �
11030 FSdeli[y Institutional Cash 87.00 87.00 87.00 5.000 4.933 5.000 1
11039 R Fidelity In9tiCUCional Caeh 540,006.00 590,006.00 540,006.00 5.000 4.932 5.000 1 '
11041 I Pidelity Institutional Caeh 3,575,S1fi.00 3,575,516.00 3,575,516.00 5.000 4.932 5.000 1
11042 Fidelity InetituClonal Cash 36,209.00 36,209.00 3fi,209.00 5.000 4.932 5.000 1
""__""""" "'_"""'_" ""___""'_"' '__"' ""'" _""'
SUBTOTALS and AVBRAGES 4,151,B1B.00 4,151,818.00
4,151,818.00 4.932 5.000 1
1REASURY SECURITIHS - T-HILL
18020 Unitee Statee Treaeury OB/13/96 218,520.71 224,000.00 219,011.51 5.180 5.310 5.384 O1/30/97 151
18021 Onitea StaCea Treasury OB/13/96 70,163.41 'l4,000.00 70,2'l1.8"! 5.430 5.637 5.'!IS 07/24/97 326
"_'""_'"'"" _"__'____""" '_"'"'_"_'_' '"'"__ ""_' _____'
SUBTOTA7S and AVBRAGES � 2B8,684.12 289,283.38
298,000.00 5.3B9 5.464 199
"_"""""""""""'""""""""""""_""""""""_'__"""""'
TOTAL INVESTMEt7TS and AVG. $ 4,440,502.1Y - 4,641,101.38
4�449,818.00 4.961f 5.030t 14
�.'.....�...............�`�.�'.�...........�.....��.��...........���.'..............
14
09/09/1996 RDA Deaert Rose Hond Isaue pM ' Z
INVESIMENT PORTFOLIO DETAILS - INVESTMENTS N1A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATfiD --' YTM "-' MATURITY DAYS
NOMBER ISSiIER DATE B00% VALUE FACE VAL(lE MAR[�T VALUE RATE 360 365 DATE TO MAT
FIDELITY TREPSURY POOL
11034 E Pidelity Insti[utional Cash 654,872.00 654,872.00 654,8'/2.00 4.700 4.636 4.'/00 1
11035 Fidelity Insti[utional Cash . 8.00 8.00 � 8.0� 9.900 4.833 4.900 1
11036 Fidelity Insti[utional Cash 1,231,'/'/8.00 1,231,778.00 1,231,778.00 4.900 4.833 4.900 1
____________" '"'""""""___ ____________'_ ______ "____ __"_'
SUBTOTALS and AVERAGES � 1,886,658.00 1,886,658.00
1,BB6,658.00 4.764 4.831 1
TOTAL INVESTMENTS and AVG. $ 1,886,650.00 1,BB6,65B.00
' 1�886�658.00 4.'/64& 4.831& 1
_._�����"'�e�e��saa�"���".�e�asass����saz����"""���a�a�s�as�__�a�e�����'.�����
15
09/09/1996 RDA Desert Rose Bond Ieaue � - 3
ZNVESTMENT POATFOLIO DETAILS - CASH �A
AUGUST 31, 1996 ACCRUAL
INVESTMENT PVRCHASE STATED "" YTM --- MATUR2TY DAYS
NOf+�ER ISSUER DATE HOOK VALUE PACE VALVE M1WRICET VALIIE RATE 360 365 DATE TO MAT
PASSHOOK/CHECKING
250D3 FIRST INTERSTATE BANK 0.00 3.290 3.245 3.290
25005 FIRST INTERSTATE BANK 75,558.57 4.025 3.970 4.025
25006 FIRST INTERSTATE HANK -6.00 0.000 0.000 0.000
_____""_______ ___"__ _'____
5[18TOTALS and AVERAGES 'l5,554.38 � 3.9'/� 4.025
TOTAL CASH and INVE51T1ENT5 $ 1,962,212.3e .
16
Palm Deaeit Dffice Complex pM - Z
09/09/1996 �p
INVESTMENT PORTFOLIO DETAIIS - II�1V6STMENTS
Ai1GUST 31, 1996 ACCRUAL
INVES1TtEN'P . PURCHASE STATED '-- Y'fM --' hWTURITY DAYS
NOMB£R ISSUER DATE HOOK VALUE FACE VALUE M1V+AICGT VALUS AATE 360 365 DATE '1'� MA7'
____'__'_____"'__"___'___"________'__"__'__"__"__'"'__'"___'___'"_____"____'____'"__'_'____'
___""_"___'_____'___"____"___""___"__'"'___"__________"'___"__"____"'_____
TOTAL INVESTMENTS and AVG. $ 0.0'0 0.00
0.00 O.00Ok O.00Ot 0
17
09/09/1996 Palm Deaert Office Complex � - 3
INVESTMENT PORTFOLIO DETAILS - CASA ' �A
AUGUST 31, 1996 A��U�'
INVESTMENT PURCHASE STATED --- YTM --' MATURITY DAYS
NOMBER ISSUER DATE BOOK VALVE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
_________"'___"'___"'__'___""___"_______"_'____'_"_____"___'"___""_____'"'___'"____"____'"__"""""""""'
PASSBOOK/CHECKING
25000 Bank o£ America-Checking 340,96'l.11 0.000 0.000 0.000
25001 Hank of America-Savings 25,688.95 2.00� 1.9'13 2.000
__'"__'"____"' _"'___ _'_"_'
SOBTOTALS and AVERAGES 366,656.06 0.138 0.140
'___"___'"____"'____""__""_'_"'__""____"____"'"_____"____'_'______""'___'__"_'
TOTAL CASH and INVESTMENPS $ 366,656.06
18
Self Help Checki�g � - 3
09/09/1996 �ypp
INVES'1MENT PORTFOLIO DETAILS - CASH
AUGUST 31, 1996 ACCRUAL
INVESTMENT
PUACH145E � STATED "- YTM -"" MAT�RITY DAYS
NOMBER ISSUER DATE HOOK VALUE FACE VALUE MARKBT VALUE RATE 360 365 DATE TO MAT
_____'"___'"___"__""_"'__"___"___'______"'__'__"'__"__"___'__"__'__""__"'__"
PASSBOOR/CHECKING
16,331.21 0.000 0.000 0.000
25002 B of A - Self Help Checkin9 �
, __"___"__"____"'__"""__"'__'"__"__'""___"___"___'____"____"_______'__'_____'"
TOTAL CASH and INVESTMENTS $ 16,331.21
19
PM - 9
09/09/1996 �A
PD Redevelopment Agency
INVESTMENT ACTIVITY SIIMMARY ACCRVAL
AUGUST 1995 through AUGVST 1996
YIELD To MATUAITY MANAGED NOMBER OF Ni1MBeR OF A��e
MONTH NOMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO
gNp yEAR SECURITIES INVESTED EQUIV EQUIV RATE P[1RCHA.9E0 MP.TURED/SOLD TERM MATORI'1'Y
"'__"___"____'_'___'___________"'_______"___"'__'"___'"___"___'"____"_____"____"'___"____"____'"____""""
AugusC 95 89 109,6B9,649.33 5.896 5.9'/8 5.954 1 10 409 253
Sep[embei 95 90 101,185,983.04 5.915 5.990 S.'/39 0 1 444 256
October 95 91 96,781,629.39 5.866 5.949 5.633 0 1 464 248
Nwember 95 89 97,023,495.42 5.]80 S.BfiO 5.713 3 ] 4�01 243 �
December 95 B'/ 96,649,896.71 5.762 5.842 5.615 0 2 404 22B
Sanuary 96 BS 95,928,939.'/4 5.655 5.733 5.146 0 2 405 211
February 96 80 93,156,182.09 5.581 5.658 5.096 0 11 389 204
Mazch 96 '19 92,841,108.88 5.526 5.603 5.095 0 � 3 380 190
April 96 83 90,208,295.31 5.520 5.597 5.159 0 4 3B9 183
May 96 94 300,'120,774.03 5.649 5.728 5.158 16 . 7 525 334
June 96 9'1 89,105,637.01 5.665 5 J49 5.066 1 3 590 356
July 96 95 89,528,993.60 5.fi53 5.731 5.081 0 3 SB2 331
AugUst 96 85 92,139,128.SB 5.6�4 5."11z 5.099 2 '/ 555 301
'___'______'_____'__"'___""'_____"__'""____"'__""'____"_"___'_'___'_____"_'___'_'_'____'___"'_
AVERAGES 80 5 95,819,939.84 5.']OOY 5.]09k 5.333} 2 5 450 250
..�.....����`����`�����������n����..�...���....��a...«nn..._=...�=n�..._�a��a::��������a���:::���`
2�
PM - 10
09/09/1996
PD Redevelopment Agency �
DISTATBSTTION OF INVESTMGNTS ITY TYPE ACCRVAL
AUGUST 1995 through AUGUST 1996
MONTH -- TYPES OF INVESTM6NTS '"____""___' """"_""""""""'"""
"'____'_ '_____"____"____"_____'"____
Epp yEAR BCD SCD LA1 LA2 LAS PA1 PA2 PA3 MTN HAC CPI COM FAC FAD TRC TRD MD1
August 95 17.0 6.2 21.9 , 4.� , 12.1 34.7 4.3
September 95 16.9 23.7 4.3 13.1 3'/.6 4.6
October 95 13.0 0.0 24.7 4.5 13.'1 39.3 4.8
November 95 �17.3 24.4 2.2 15.1 38.4 2.6
Decembei 95 � 19.1 0.0 24.7 2.2 15.3 38.1 2.7
JaRuary 96 19.5 22.5 2.2 15.4 3'!.'! 2.'/
February 96 33.5 20.2 2.3 5.3 3'/.9 0.9
March 96 42.1 17.4 2.3 37.3 0.9
April 96 41.0 18.0 2.4 3'/.B 0.9
May 96 10.1 23.'/ 2.1 � 58.4 0.8 4.9
Sune 96 11.4 13."/ 2.4 0.6 65.5 0.9 5.5
July 96 14.8 11.9 2.4 0.6 64.3 0.9 5.5
August 96 21.8 12.'! 2.3 0.5 61.9 0.5 0.3
AVERAGES 21.2& 0.5& 19.9t 1.04 4.7t 4.1$ 95.3& 2.1k 1.3t
'.'._...�"�`��'"`�'e.'e.a�.�'_"n«.'""�me��"'��v�""'�'����avm__eea�a�en�.�.�.a�e..«a��.....n�a��.e..�e�.....=ee
� SCD - Certificates of Deposit - Bank SCD - CertiEica[ea of Depoeit - S 4 L
LA1 - Fidelity Treasury Pool � LA2 - Mavaged Pool Accounts .
LAS - Local Agency Inves[men[ Funds PA1 - Passbook/Checking
PA2 - Cash with Trustee -First Trus[ PA3 - Checking/Self Nelp Housing Loans
MTN - Medium Term Notes BAC - Bankeis Accep[ances
CPI - Commercial Paper - Intereat Bearing COM - Commercial Papez - Diacou:lt
FAC - Fedeial Agency Issues - Coupon FAII - Federal Agency I98ues - DieCOunt
TRC - Treasury Securities - Coupon TRD - TYEa9Ury SeCu2itiee - D19Coun[
FID1 - Treasury Securities - T-Bill
21
PM - 11
09/09/1996
PD Redevelopment A9ency �t'
INTEREST EARPIINGS SUMMARY ACLRUAL
AUGUST 31, 1996
MONTH ENDING FIS�nr.
' AUGUST 31, 1996 YEAR TO DATE
CD/Coupon/Discount Investments:
Interest Collected $ 301,991.05 $ 628,196.29
PLUS Accrued Intereat at End of Period 926,942.95 926,942.95
LESS Accrued In[eres[ at Beginning of Period ( 708,489.58) ( 890,573.45)
'__"""______""'_ _______"_'_"""_
InCerest Earned during Period $ 320,444.42 65"/,545.'!9
ADSUSTED by Premiums and Discounts --6•i•a_S69z320.19 -8,411.15
ADJUSTED by Capital Gaina or Losses 0.00 0.00
"'______"'__'""' ____"'______'_"'
Eaznings during Period 316,124.23 S 649,134.64
� Mortgage Backed Securi[ies:
mcerest Collec[ed � 5 0.00 $ 0.00
PLUS Accrved Interest at End of Period 0.00 0.00
LESS Accrued Incerest at Beginning of Period ( 0.00) ( 0.00)
"________'______'_ "'______"""______
� Inrerest Earned during Period $ � 0.00 0.00
ADJi15TED by Premiums and Discoun[s `_--z=`i•c'==a0 00 • 0.00
ADJUSTED by Capital Gains or Losses 0.00 0.00
Earnings during Period ^ 0.00 $ 0.00
�as'JCT.ecrt:nq Accomts:
;r:�i�g' - ,••p`_ed 5 369.14 5 303,991.08
FL'JS Ac:euel :r.:eres[ a[ End of Period -150,205.66 -150,205.66
LES$ Ao-n:rd '.ncerest at Beginning of Peciod ( -266,942.39) ( -68,489.01)
'"__________'_____ _____""__________"
� Icteresc Earned during Periotl 5 11"l,105.8] 5 ZZZ,Z�4.43 .
..`�`���.....���:: ��������:�_:`:���`
� TOTAL In[eresc Eazned during Period 5 43'/.550.29 $ 8�9,820.22
TOT.AL A�uscments Erom Premiums and Diacoun[e S -9,320.19 $ -8,911.15
TOTA:. Capical Gains or Loases $ 0.00 5 �.00
________""________ ____"'.__________�
TCTA:. Earnings duzing Period $ 433,230.10 $ B'/1,409.07
....'.��'..`...'.' «__"���e�����'�'
22
09/09/1996 PD Redevelopment Agency AG - 1
�A
AGING OF MATVRING INVESTMENTS ACCRUAL
Number of Book Value Percent of
Aging Interval Date Inveatmen[a Portfolio
""__'"___""'__'"___""___'"___"_____"___"____"______"____"____'"'___"'_____
1 - 30 days U9/10/1996 - 10/09/1996 51 33,29'7,728.73 35.91
31 - 60 days 10/10/1996 - 11/OB/199fi 0 0.00 0.00
61 - 90 days 11/09/1996 - 12/OB/1996 5 12,508,937.68 13.51
91 - 180 days 12/09/1996 - 03/OB/1997 5 1,8'/3,592.53 2.02
181 - 365 days 03/09/1997 - 09/09/1997 10 16.3B9,794.09 1'!.'/o
366 �- '130 days 09/10/1990 - 09/09/1998 "1 21,642,�10.58 23.3� �
731 - 1095 days 09/10/1998 - 09/09/1999 1 699,955.41 0.76
1096 - 1460 days 09/10/1999 - 09/OB/2000 1 lOB,525.'/4 0.12
1461 - 1825 days 09/09/2000 - o9/OB/2o01 5 6,125,140.96 6.61
. 1825 days and after o9/OB/2001 - 0 0.00 0.00
____ ___________"" ______
TOTALS 85 5 92,596,385.52 100.00k
23
09/09/1996 - PD Aedevelopment Agency � � 1
� PREMIUM/COhA7I55ION/DISCOUNT AMORTIZATION SCE�DULE � • �A
AUGVST 1, ]996 - AUGUST 31, 1996 ACCRUAL
PR. - PREMIIIM. CO. - COhMISSION, DS. - DISCOUNf
ACCUMl7LATED � .
ISSIIER STATED FACE VALUE ORIGINAL COST AMORTIZATION ENDING AMORTIZATION TO BEGIN BAL. AMORTI2ED END BAL.
IPNgT, _ ppNp � RATE MAT. DATE CALL DATE AMOUNT BOOK BAG. BEGINNING DATE THIS PEA. THIS PER. THIS PER.
__'"_____"___"____'_______'____"___'________"___'"___'""__"__"""__"__"'"___'__"""____"___""_____"
F2deY31 Home IAdn BdI1k 2,115�000 2,126�896.88 11�B96.BB 2,121,035.62 -5,458.88 6,938.00 -402.38 6,035.62
15005 E-4 6.105 12/O1/199'/ / / .
Unites Statea Treasury 1,000,000 999,843."/S -156.25 999,943.03 95.40 -60.85 3.88 -56.97
17007 I-29 6.000 11/30/199'! / / .
Unites States Treasury 5,500,000 5,59'/,109.38 9'l,109.38 S,S16,B'l2.29 -'/4,425.53 22,683.85 -5,811.56 16,872.29
1'7009 I-24 7.250 11/30/1996 / /
Onites States Treasury 692,000 ']06,380.62 14,380.62 '100,02'l.S1 -6,104.75 8,275.87 -�48.36 8,027.51
1'lO10 R-24 6.'!50 OS/31/1999 / /
Unites Seates T=easury 14,342,000 14,233,492.66 -108,50'/.34 14,299,176.87 63,116.48 -95,390.86 2,5fi7.73 -42,823.13
1'lO11 E-24 5.625 O1/31/1998 / /
Oni[es States Treasury 1,30o,000 1,311,'lB1.25 11,781.25 1,304,873.89 -6,40'7.06 5,374.19 -500.30 4,873.B9
1]012 I-4 6.395 O6/30/199] / /
Uni[es S[ates Treasury 104,000 130,207.50 6,209.50 108,560.38 -1,527.82 4,6'19.68 419.30 4,560.38
1]013 R-4 ].750 11/30/1999 / /
llnites States Treasury 231,000 232,907.66 1,407.6fi 231,725.35 -632-89 774.7'/ -49.42 725.35
1]O15 E-9 6.000 11/30/199'/ / /
Unites States Tzeasuly 250,000 248,554.68 -1,995.32 0.00 1,366.05 -79.2] 79.27 0.00
1]019 R-1Z 5 6.250 OB/31/1996 / /
Uni[es S[ates Treasuiy 300,000 299,250.00 -050.00 299,962.31 692.01 -"/"1.99 40.30 -3'1.69
17020 R-1�.5 6.500 09/30/1996 / /
UniCeS Sta[es Tieasury 250,000 249,651.55 -348.45 249,950.92 282.49 -65.98 16.90 -49.08
1"/02'/ R-100 6.500 11/30/1996 / /
Uni[es Sca[es Treasvey 250,�00 298,095.30 -1,904.]0 299,324.09 1,159.38 -]45.32 69.39 -695.93
17030 R-100 6.3�5 06/30/199] / /
Unites Sca[es Treasury 250.000 291,057.80 -8,942.20 298,925.22 9,423.19 -1,519.03 444.25 -1,074.78
19033 F-:OC 4.3'15 11/15/1996 / /
Unites Scates Treasury 250,000 248,B3'/.50 d,162.50 299,630.31 '/48.04 -414.46 44.09 -369.69
19039 F-i0C 6.500 OS/15/199] / /
Unites Staces Treasury 250,000 249,023.43 -9]6.5'/ 0.00 923.11 -53.46 53.46 0.00
1]043 R-100 6.250 08/31/1996 / / �
Onites Sca[es Treasury 250,000 299,882.80 -11'/.20 249,996.12 105.03 -12.17 6.29 -5.88
1'/C44 P-100 E.500 09/30/1996 / /
❑nites Sta[es Treasury 5,390,000 5,429,083.61 34,083.61 5,401,259.53 -21,ll5.58 12,908.03 4,653.50 11,254.53
1']095 E-100 6.895 03/31/1997 / /
Vnites S[a[es Treasury 250,000 248,128.13 -1,8]1.89 299,661.95 1,44'].21 -424.66 86.61 -338.05
19060 R-300 6.125 12/31/1996 / /
UniYes Staces Treasury 250,000 29B,36B.05 -1,631.25 249,646.29 1,205.90 -425.85 72.14 -353.71
17061 F-100 6.250 O1/31/199'1 / /
Unites Scaces Treasury 500,000 168,539.06 -1,460.94 168,637.65 73.33 -1,38'].61 25.26 -1,362.35
17062 R-1].5 6.3�5 03/31/2001 / /
Uni[es S[a[es Treasury 600,000 594,843.]5 -5,156.25 595,191.�2 258.82 -4,89'l.43 89.15 -4,808.28
1]063 R-6.3 6.305 03/31/2001 / /
24
PD Redevelopment A9ency � - 2
09/09/1996 ppp
pF2EMIUM/COIMIISSION/DISCOUNT AMORTIZATION SCFS6DULE
AVGUST 1, 1996 - AIIGUST 31, 1996 ACCRlIAL
PR. - PREMIUM, CO. - WFAIISSION, DS. - DISCOUNT
� ACCUMUI�ATED
ISSUER STATED FACE VALVE ORIGINAL WST AMOHTIZATION ENUING AMORTIZATION TO HEGIN BAL. AMORTIZED 8ND HAL.
INVST. - F[SND # FATE MAT. DATE CN.L DATE NAOUNT e00K BAL. HEGINNING DATE THIS PER. THIS PER. THIS PER.
__"'___'_"_____"________'__"'__'___________'____"'__"__'__'"__'"_"_"'_'_____'_'__'
Unites Statea Tzeasury 4,000,000 3,9'l0,000.0� -30,000.00 3,9'/l,9']'/.65 1,458.10 -28,541.90 519.55 -28,022.35
17064 R-100 6.375 03/31/2001 / / . �
Vnites States trea9ury 1,000,000 991,'/18."/5 - -8,281.25 992,208.58 34'l.91 -7,933.34 141.92 -7,791.42
17065 R-300 6.250 04/30/2001 / / �
Unites States Treasuxy 400,000 396,68'/.50 -3,312.50 396,883.43 139.17 -3,173.33 56.76 -3,116.57
1]066 R-1'!.5 6.250 09/30/2001 / /
Unites States Treasury 5,000,000 4,9'l6,36'l.15 -23.632.85 4,990,097.97 9.637.99 -13,994.87 4,092.84 -9�902.03
1906"1 I-100 4.305 11/15/1996 / /
❑nites States Treasury 5,000,000 9,994,921.85 -5,078.15 4,996,222.66 913.07 -4,165.00 38�.74 -3,'/'/7.39
1'l068 I-100 5.625 06/30/199'/ / /
O�i[es Statea Treasury 2,000,000 2,004,687.50 4,fi87.50 2,003,994.08 -478.46 4,209.04 -214.96 3,994.OB
1'l�69-RPA 6.125 03/31/1998 / �
Unites Staees Treasury 2,000,000 2,016,875.00 16,875.00 2,011,448.95 -3,'l43.9'/ 13,131.03 -1,602.08 11,448.95
170]0-RDA 6.625 03/31/1997 / /
tlnites Statea Treasury 1,000,000 1,001,093.75 1,093.75 1,OOO,B41.15 -1"/4.29 919.46 -'l8.31 841.15
1]0'!1-RDA 5.875 0'//31/199'! / /
Unites States Tieasuly 1,000,000 998,906.25 -1,093.'/5 999,12'/.66 152.'/"] -940.98 68.64 -002.3a
1]072-RDA 5."/50 09/30/199'! / /
Unites States Treasuiy 1,000.000 1,013,2�3.13 13,203.13 1,007,963.'/9 -3.615.14 9,587.99 -1,624.20 7,963.79
170'!3-RDA '1.500 O1/31/199'! / /
Unites States TzeaSUYy 1,500,000 1,50],851.56 7,851.56 1,503,840.44 -2,688.31 5,163.25 -1,322.81 3,040.44
1'/0'l5-100 6.500 11/30/1996 / /
Unites SCaces Treasury 800,000 803,125.00 3,125.00 802,322.40 -53'/.91 2,58'/.09 -264.69 2,322.40
19006-29 6.125 OS/31/199"/ / /
Unites Statea Treasury 1,0OO,Oaa 984,531.25 -15,968.75 986,911.06 1,594.98 -13,8'l3.77 '184.83 -13,088.94
1']0'!'1-RDA 5.000 O1/31/1998 / /
SVBTOTALs 5"i,569,50'1.8'1 57,037,198.23 -28,391.83 -37,883.96 -3,917.81
-9,492.13 -41,801.7'!
"___"__________'___'____"'___"'__"""_"_______________'____"___'_'____'_"_____"'__""___
TOTALS OF INVESTMENTS ___""__'_____'___'"__"""___"__"""__""____"'__"'
____"'___'__"'"'____"__'"____"____'"___
WITH PREMIUM 6 DISCOUNTS 2,404.75 -33,850.01 -4,320.19
5 59,696,404 JS 59,158,233.85 -31,945.96 -35,066.15
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��� I N T E R
���Xi�,� MEMO
�
0 F F I C E
To: Finance and Investment Committee
From: Jean Ruth, Investment Manager
Date: September 11, 1996
Subject: Deferred Compensation Statements
Section 53646 of the California Government Code requires that an investment report be
submitted to the investment committee and the City Council at least quarterly. It also
specifies the information that will be included in the report, and the types of fund that
should be reported.
The wording in this government code section has been interpreted to indicate that the
City's Deferred Compensation Accounts should be reported, even though the money in
the accounts does not belong to the City. It was earned by and belongs to city
employees and the investments are directed by those employees.
The Deferred Compensation statements are being submitted with the City's Investment
Schedule to comply with this government code section.
w�s
• - Quarterly Finandal Report fc- �
A 457 Deferred Compensation 1-...n ,�
04/O1/96 through 06/30/96 Page iot z
icn�n
R£1'IREMEM'
(:ORPORATON
PAUL 5 GIBSON
- • CITY OF PALM DESERT
Now's a good Hme for a mid-yeat checkup on your ret'vement 7 3 510 F R E D WAR I N G D R I V E
p1an.Isyourinvesttnrntsuategyworking?Areyou ppLM DESERT LA 92260-2564
contributing enough?Call the ASL to review your portfalio
or sec your employer to increase your contributions. •
. r . , � ..a: �,� .,
,�
,�i»,�a�a, ,x,,., a,�i'�,�'a�
.. :� tx� ,.. v��. L�302129 4�'.
Fund Balance on 04/01/96 Plan No:
Contributions �
Distributions
Eamings
Fund Balance on 06/30/96 W
' ,� ,r .w ' , , , . 6.. ��..� ,��:q�„���vr� '. i. ��' '"a'�_.
'�o-',.....`..'�O,S'„ ..,.�:.•..,.; . .wt .. ...,,, � „ _.. . , .. „. :�3�,J .., .
Fund Balance on OA/01/96 $866.46 $843.74 $570,628.92 $34,044.40 $103,463.97 $38,205.01
Contributions 346.20 346.14 4,355.90 1,988.14 1,930.00 346.14
Distributions 0.00 0.00 1,619.16- 0.00 998.97- 2,017.80-
Earnings 66.69 37.45 18,632.65 1.302.28 2,717.81 89.67
Fund Balance on 06/30l96 $1,279.35 $1,227.33 $591,998.31 $37,334.82 $107,172.81 $36,623.02
Percentage invested Less than 1%a Less than t% 37% 2% 7°� 2°�
. 9".�'�, ;�?^�,�5 zg, �.
� � . ����r�r�,��� '
> . �:..m<�.T. " .�. . �� ...� ,
Fund Balance on 04/01/96 56,529.65 $790,323.04 $15,054.38
Contributions 432.00 8,634.52 0.00
Distributions 0.00 1,872.69- 30.57-
Earnings 31.37 12207.06 295.86
Funtl Balance on 06/30/96 56,993.02 $809,291.93 515,319.67
Percentage Invested Less than 1% 50% 1%
Nore�Amourrcs shrnvn nei o/applicable fees and expenses. Earnings inc/ude dividends,iMerest aM realized aM unrealized gains aM lossea �
`$11W�'C�Aa.17C .. ��� ' � RM��# ",� ���.
t �� x> '��. +, is3°� � "���a4�!"w�,�.41I..�L� v ,'� a e, :a. �e � .
m. n
� aM.�°�sa.i:.;«...a >.wa �„�.��.� h"f�C�.�*�i . ��� ';, '�
� Aggressive Oppor. 55.1182 $15J2 75 4778 $16.95 �
I nte rn ational 75.8075 11.13 1062624 11.55
Growth Stock 38,844.7189 14.69 39,0242788 15.17
Broad Markel 2,330.2117 14.61 2,462.7191 15.16
� Asset Allocation 7,709.6843 13.42 7,778.7069 13.77
Core Bond 3,363.1164 11.36 3,215.3658 11.39
Cash Management . 590.9185 71.05 630.0020 11J0
�Co.tlfa�b�a �" a f .��t•"' «,
Ye. �a,..��.a,.!`. �i�.. .,;�i.�z° . �.. '�'a�:4�,. ..,,., �3 „�.
Date 04/09/96 04/23/96 OS/06/96 OS/22/96 06/05/96 06/17/96
Total $3,029.84 $3,029.84 $3,029.84 53,029.84 $3,029.84 53229.84
Total Contrlbuhons Uils Perlod $18,379•04
�'�� '$l� ;�'���/qc
Pleose woHfy XC of u�ry quesNons regardtng your pbn'uftbin 120 days oj tlx eading date ort tMs smtement at 7-800-32 6 72 71.
777 NORTN CAPITOI. STRF.F.T, NF. • SUITE fi00 • WASHINGTON, DC • 2D0�7-4?40
�
CITY 8F �ALM DESER?
FINANCE DEPAR7MENT
'96 JUL 2't PI� 2 56
CITY OF PAL61 ➢ESERT
DEFERRED COMPEN5ATION PLAN # 0616
INVESIMENT ACTIVITY
FOR THE QUARTER ENDING JUNE 1996
•+��**** UNAUDYTED *+��*t**
ACCUMULATION PAYOUT TOTAL
BEGINNING INVESTMNT BAL 1�224,782.49 1,224,782.49
CONTRIBUTIONS 57,679.34 . 37,678.84
INVESTMENT IRCOME 28,704.17 .,� 2s,704.17
ll'ITHDRAWALS (6,460.00) (6,450.00)
WITNDRAWAL CHARGES .00 .00
ANNUITY PURCHASE5 .00 .00
ANNUITY BENEFIT PAYMENTS .00 .00
ADMINISTRATIVE FEES .00 .00
ASSET FEES (696.84) (696.34)
LIFE INS AND POSTED ONLY (799•88> �799'38�
ENDING INVESTMENT BAL 1,278r$'Z0.28 1,278�320.28
LIFE INSURANCE POLICY HOLDER pCCOUNT VALUfi 15,267.55
NOTEs Contibutions include payrolls received and processed� and
inooming plsn-to-plan kransfers. Payrolls received aPter khe
end of the qIIarter will sppear on the next qaarter's repork.
� ��� �1�����
STATE OF CALIFONNIA MATf FONG,Treasurar
OFFICE OF THE TREASURER
SACRAMENTO �
LOCAL AGI3NCY INVESTMF�NT FUND
P.O. BOX 942809
Date: 07/31/96 3ACRAMENTO, CA 94209-0001
Paqe: O1 JULY, 1996 3TATEMENT
ACCOUNT NUMBER: 98-33-621
CITY OF PALM DESERT
ATTN: CITY TREA3URER
73510 FRED WARING DRIVE
PALM DESERT CA 92260
EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION
DATF DATE TYPE NO CALLBR AMODNT BALANCE
--------- ----------- ---- ------ ------ --------------- ---------------
BEGINNING BALANCE - REG $17,899,407.92
O7/03/96 07/03/96 RD 701 JBR $250,000.00 $18,149,407.92
07/15/96 07/12/96 DD 702 SYS $255,2Q2.00 $18,404,609.92
07/23/96 07/23/96 RW 703 J8R -$1,000,000.00 $17,404,609.92
07/29/96 07/29/96 RW 704 Jt3R -$775,000.00 $16,629,609.92
---------------
ENDING BALANCB - REG $16,629,609.92
---------------
GRAND TOTAL $16,629,609.92
�sa��s_a�������
surnsaaY
TRAN COUNT TOTAL DEP03IT AMT TOTAL WITI�IDRAWAL AMT
---------- ----------------- --------------------
REG 3 $505,202.00 -$1,775,000.00
co -� e,
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STATE OF CALIFORNIA ^ MATT FONG,Treesurer
OFFICE OF THE TREASURER
SACRAMENTO ,
LOCAL AGSNCY INVESTMENT FUND
P.O. SOX 942809
Date: 07/31/96 SACRAI4�NT0, CA 94209-0001
Page: O1 J[JLY, 1996 STATEMENT
ACCOUNT NUMBER: 65-33-015
PALM DESERT RBDEVBLOPItBNT AGENCY
ATTN: PAIIL GIBSON, TRBASURER
73-510 FRED WARING DRIVB
PALM DESERT CA 92260
EFFECTIVE TRANSACTION TRAN CONF AUTH TRAN3ACTION
DATE3 DATE TYPE NO CALLER AMOUNT BALANCE
--------- ----------- ---- ------ ------ --------------- ---------------
BSGINNING BALANCE - RBG $8,131,449.90
07/03/96 07/03/96 RD 701 JER $941,000.00 $9,072,449.90
07/15/96 07/12/96 DD 7.02 SYS $203,610.49 $9,276,060.39
07/16/96 07/16/96 RW 703 JBR -$900,000.00 58,376,060.39
07/29/96 07/29/96 RW 704 JER -$2,100,000.00 $6,276,060.39
---------------
ENDING BALANCE - REG $6,276,060.39
GRAND TOTAL $6,276,060.39 ,/
xe�srs��saxxease
SUMMARY
TRAN COUNT TOTAL DSPOSIT AMT TOTAL WITI�IDRAWAL AMT
---------- ----------------- --------------------
RBG 3 $1,144,610.49 -$3,000,000.00
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cc: BARBARA WRIGHT
STATE OF CALIFOHNIA M�P�n FONG.Treesurer
OFFICE OF THE TREASURER
SACRAMENTO "
LOCAL AGENCY INVESTMBNT FUND
P.O. BOx 942809
Date: 07/31/96 SACRAMENTO, CA 94209-0001
Page: 02 JULY, 1996 STATEMENT
BOND PROCEEDS ACCOUNT NUMBER: 11-33-002
EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION
DATE DATE TYPE NO CALLER AMOUNT BALANCE
--------- ----------- ---- ------ ------ --------------- ---------------
BEGINNING BALANCE - B/P $4,000,000.00
B/P ID: 8902071 MATURITY DATS: 08/05/96 SEG BAL: $4,000,000.00
END BAL: $4,000,000.00
---------------
ENDING BALANCE - B/P $4,000,000.00
ENDING BALANC}3 - INT $170,871.63
---------------
GRAND TOTAL $4, 170,871.63
sx�s�-=�=saamaa
SUMMARY
TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITfIDRAWAL AMT
---------- ----------------- --------------------
INT 0 $56,338.06 $0.00
B/P 0 $0.00 $0.00
---------- ----------------- --------------------
TOTAL 0 $56,338.06 $0.00
STAIE OF CALIFORNIA MATT FONG,Treasurer
OFFICE OF THE TREASURER
SACRAMENTO �' .
LOCAL AGENCY INVBS7'MBNT F[JND
P.O. BOx 942809
Date: 07/31/96 SACRAMENTO, CA 94209-0001
Page: O1 JULY, 1996 STATEMENT
ACCOUNT NUMBER: 11-33-002
AB3107 PALM DESBRT REDEVELOPMENT AGBNCY
ATTN: PAUL GIBSON, TREASURER
73-510 FRSD WARING DRIVE
PALM DESERT CA 92260
EPFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION
DATE DATE TYPE NO CALLBR AMOUNT BALANCE
--------- ----------- ---- ------ ------ --------------- ---------------
BSGINNING BALANCE - INT $114,533.57
07/15/96 07/12/96 DD 702 3Y3 $56,338.06 $170,871.63
---------------
ENDING BALANCS - INT $170,871.63
�C: BARBARA W�TGHT
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Pl .LED MONEY INVESTMENT AC(. JNT
CITY Of PALM DESERT SUMMARYOFINVESTMENTDATA
FI;�ANCE DEPARTMEt1T
'96 RUG 23 P� ��4�`�SON OF JULY 1996 WITH JULY 1995
(Dollarsin Thouaands)
NLY 1996 NLY 1995 CHANGE
AveiageDailyPortfolio $26,149,842 $25,964,477 +$185,365
Acccued Eamings $124,086 $131,346 -$7,260
Effective Yield 5.587 5.972 -385
Avexage Life—Month End(in days) 252 296 -44
Total Security Transactions
Amount $18,629,624 $37,756,872 -$19,127,248
Number 444 851 -407
Total Time Deposit Transacdons
Amount $341,190 $72,190 +$269,000
Number 33 7 +26
AvcrageWorkdayInvesm�cntActivity 5862,310 $1,891,453 -$1,029,143
Prescribed Demand Account Balances
For Servicu $]35,465 5150,796 -$15,331
ForUncopectedFunds $151,221 S1t9,587 +$31,634
LOCAL AGENCY INVESTMENT FUND*
SUMMARY OF ACTIVITY
JULY 1996
BEGINNING BALANCE DEPOSITS WITHDRAVI'ALS MONTH END BALANCE
510,419,201,934.97 $1,201,306,279.76 $1,355,271,826.24 510,265,236,38H.49
'Local Agency Investrnent Fund Invested Through Pooled Money Investment Account �
'ITY OF PALM �E:�[R?
FINANCE DE State of California
'96 RUG 23 P�p`���ed Money Investment Account
Market Valuation
7/31/96
D"e�tiotr4 �����a1� � �a
... �,� � _..�:, �, 'l.r, ��' ;�.
, . - ►� ,�,,. ` �ti� Nl�rk ht�rest
o�.�:�r �`.��-�c.t` u. .� r W��[1
United States Treasury:
Bills $ 2,161,860,852.01 $ 2,208,4fi6,135.00 NA
Strips $ 384,015,480.00 S 441,710,114.00 NA
Notes S 5,081,444,147.37 � 4,998,840,423.00 $ 84,010,715.61
Federal Agency:
Bonds $ 424,767,572.05 5 419,244,250.00 S 5,934,866.36
Floaters S 454,928,512.73 5 456,191,300.00 S 8,858,893.89
MBS $ 164,988,770.80 S 159,713,983.41 $ 982,695.61
NA $ 29,924,691.38 $ 30,001,534.45 S 545,061.53
GNMA S 4,188,369.20 $ 4,624,305.49 $ 39,952.28
SBA S 116,429,165.54 5 117,782,262.13 $ 1,184,997.80
FHLMC PC $ 34,552,549.70 S 36,760,798.46 5 554,893.51
Discount Notes S 181,777,813.89 3 184,005,050.00 NA
Bankers Acceptances $ 319,497,074.86 � 320,270,830.15 NA
Corporate:
Bonds $ 1,457,994,955.81 S 1,447,972,918.81 $ 29,133,355.44
Fioaters $ 580,760,942.27 5 580,871,767.50 $ 5,219,398.16
CDs $ 5,134,808,394.52 � 5,163,115,495.04 $ 9,007,560.28
Bank Notes $ 940,102,337.51 5 944,619,419.90 S 3,579,906.95
Repurchase Agreements S 166,000,000.00 $ 166,000,000.00 NA
Time Deposits S 339,995,000.00 $ 339,995,000.00 NA
AB 55 & GF Loans $ 3,587,489,978.00 5 3,587,489,978.00 NA
Commercial Paper S 5,925,506,205.99 $ 5,933,752,393.26 NA
Reverse Repurchase $ (407,250,000.00) 3 (407,250,000.00) S (430,718.75)
TOTAL $ 27,083,782,813.63 3 27,134,177,958.59 S 128,621,578.66
Estimated Market Value Including Accrued Interest $ 27,262,799,537.25
NOTE: Repurchase Agreements, Time Deposits, AB 55 8 General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
Certificates of Deposit(CDs), Bank Notes (BNs), and Commercial Paper(CPs)less
than 90 days are carried at portfolio book value(carrying cost). Interest accrued
from the date of purchase on CDs and BNs under 90 days is not included.
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Manicip al Treeeurera' Association , J u i 7_J �R� � 1��J
of the United States and Canada
June 6, 1996
Paul S. Gibson
Director of Finance/City TYeasurer
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
Dear Mr. Gibson:
The Municipal 'h-easurers' Association is pleased to present the City of Palm
Desert with the Association's Certlfication of Excellence Awazd.
Members of the Associatiori s Investment Policy CertrBcation Committee
congatulate the City of Palm Desert for its success in developing an outstanding
written investment policy which meets the criteria set forth by the Association's
Investment Policy Certiflcation Program.
Our review of your investment policy is limited to the documentation submitted.
The Certi�cation of Excellence is not a guarantee against loss due to economic
and market conditions or human behavior.
The Association's Investrnent Policy Certiflcation Committee Chairman, Rod Rich,
will be presenting all recipients with the Certification of Excellence Award at the
Association's 1996 Annual Conference in Mobile, Alabama. The awards will be
presented during the Awazds Luncheon on Wednesday, August 7. We hope that
you will be abie to attend this luncheon, however, if your schedule does not
permit you to attend, please call me at (202) 833-1017.
The City of Palm Desert is to be commended for enhancing its fiscal responsibility
in the management of fiscal funds.
Sincerely, ,
St� rane
Executive Director
1229 Nineteenth Street, N.W.
Washington, D.C. 20036
�202) 833-1017
Fax �202) 833-0375
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� PALM DESERT OFFICE COMPLEX
� FINANCIAL SPATIIISEIVTS
� J[JNE 30, 1996
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OSCAR G. AI JO
�.� -. O/'`A -Ccrtlfied Public Mcountant
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� ' " 74-133 EL PASEO, SUITE 8 • PALM DESERT, CALIPORNIA 92260 � (619)773-4078 • F.►X(619)773-4079
� __ _
�
August 2, 1996
�
� Palm Desert Office Complex
Palm Desert, California
� I have compiled the accompanying balance sheet of Palm Desert Oflice Complez, as of June 30, 1996,
and the related income statemem and statement of cash flows for the six months then ended, in
accordance with statements on standards for accounting and review services issued by the American
� InstiNte of Certified Public Accountants.
A compilation is limited to presenting in the form of financial statements information that is the
� representation of maaagement. I have not sudited or reviewed the accompanying financial statements
and, accordingly, do not express an opinion or any other form of assurance on them.
� Management has elected to omit substantially all of the disclosures required by generally accepted
accounting principles. If ihe omitted disclosures were included in the financial statements, they mip,ht
intluence the user's conclusions about the organizatioa's financial posidon,results of operations and cash
� flows. Acwrdingly, these financial statemeats are not designed for those who are not informed about
such matters.
� Sincerely,
� Oscar G. ;jo
Certified Public Accountant
i
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' MEI�BR MFINBER
CaUjorn(a Socisty oj AmeNcan InsHtna oj
certtftM Pubrrc Accountanh cert(jled Pa6trc Accountanrs
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Palm Desert Office Complex
Balance Sheet
June 30, 1996
Assets
Current Assets
Cash in Bank-Reserve Account $ 24,600.40
Cash in Bank 248, 643.29
Cash in Bank -Security Deposit 25,646.10
Total Current Assets
------------- $ 298,889.79
Fixed Assets
Building 444 2,585,000.00
Accumulated Depreciation (38, 664 .50)
Buildinq 555 1,085, 000.00
Accumulated Depreciation (16,228. 10)
Buildinq Improvements-Bldg 444 65, 152.02
Total Fixed Assets
------------- 3, 680�259.42
Totdl ASS2t8 $ 3,979,149.21
See Accountants� Compilation Report
Palm Desert Office Complex
Balance Sheet
June 30, 1996
Liabilities and Equity
Current Liabilities
Sacuzity Deposit Payable $ 25,600.00
Deferred Revenue 1,500.00
Total Current Liabilities
$ 27,100.00
Lonq Term Liabilities
Equity
Equity 3�670�000.00
Retained Earninqs 19 968.83
Current Income (Loss) 262,080.38
Total Equity
------------- 3�952�049.21
Total Liabilities & Equity S 3,979, 149.21
See Accountants� Compilation Report
Palm Desert Office Complex
Income statement
For the Period Ended June 30, 1996
1 Month Ended 6 Months Ended
Jun. 30, 1996 Pct Jun. 30, 1996 Pct
-------------- ------- -------��--__- ..------
Revenue
Rent Receipts $ 72,544.56 99.65 $ 445,233.54 99.78
Other Income 0.00 0.00 263.49 0.06
Interest Income-Security 234.72 0.32 259.12 0.06
Interest Income-General 21.70 0.03 460.80 0.10
------------- ------ ------------- ------ �,
Total Revenue 72,800.98 100.00 446,216.95 100.00 �
Operating Expenses �
Insurance 0.00 0.00 1,772.08 0.40
Office �ense 0.00 0.00 354.38 0.08
Office Ma ntenance 0.00 0.00 1,099.00 0.25
Repairs & Maintenance-Di 102.52 O.la 3, 098.39 0.69
Repaire & Maintenance-Bu 145.46 0.20 6,359.11 1.43
Repairs & Maintenance-Ja 3, 095.00 4.25 17,964.40 4.03
Landsca�inq 525.00 0.72 5,396.00 1.21
Professional Services 0.00 0.00 39,387.22 g,g3
Repairs and Maintenance 0. 00 0.00 1,351.84 0.30
Property Taxes 0.00 0.00 39,568.11 8.87
Telephone 0.00 0.00 1,483.41 0.33
Security 0. 00 0. 00 400.00 0.09
Utilities 2,943.48 4.04 18,851.83 4.22
------------- ------ _..----,------
Total Expenses 6,811.46 9.36 137 085.77 30.72
------------- ------ ------;�----- ----__
Operating Income 65,989.52 90.64 309 131.18 69.28
Depreciation Expense 7,841.80 10.77 47,050.80 10.54
------------- ------ __-_________ �-----
Total Other Income (7,841.80) ( 10.77) (47,050.80) ( 10.54)
------------- ------ $ ----_-'______ __�_..-
Net Income (Loss) $ 58,147.72 79,87 262 080.38 58.73
__� _�� ��s ���
See Accountants� Compilation Report
Palm Desert Office Complex
Statement of Cash Flows
For the Period Ended June 30, 1996
Increase (Decrease) in Cash or Cash Equivalents
1 Month Ended 6 Months Ended
Jun. 30, 1996 Jun. 30, 1996
-------------- --------------
Cash Flow from Operating Activities
Net Income (Loss) $ 58,147.72 $ 262, 080.38
Adjustments to Reconcile Cash Flow
Depreciation 7,841.80 47,050.80
Decrease (Increase) in Current Assets
Receivable From Escrow 0.00 34,862.05
Increase (Decrease) in Current Liabilities
Escrow Reserve 0.00 (154, 130.55)
Security Deposit Payable 0.00 25,600.00
Deferred Revenue ( 700.00) ( 600.00)
------------- -------------
Total Adjustments 7,141.80 (47,217.70)
------------- -------------
Cash Provided (Used) by Operations 65,289.52 214,862. 68
cash Flow From Investinq Activities
Sales (Purchases) of Assets
Buildinq Improvements (19,250.58) (65, 152.02)
------------- -------------
Cash Provided (Used) by Investing (19,250.58) (65,152.02)
Cash Flow From Financinq Activities
Cash (Osed) or �rovided by:
Retained Earninqs 0.00 ( 4,951.42)
�------------ -------------
Cash Provided (Used) by Financing 0.00 ( 4,951.42)
------------- -------------
Net Increase (Decrease) in Cash 46,038.94 144,759.24
Cash at Beginning of Period 252,850.85 154,130.55
------------- -------------
Cash at End of Period $ 298,889.79 $ 298,889.79
-- �
See Accountants' Compilation Report
♦ I N T E R
������ MEMO
�� - _
0 F F I C E
To: SAEILA R.GILLIGAN,DIRECTOR OF COMMUNITY AFFAIRS/
CTTY CLERK
From: Paul S. Gibson, Director of Finance/City Treasurer
Subject: NEW DATE FOR IIWESTMENT& FINANCE COMMITTEE MEETING
Date: September 13, 1996
At its September 11, 1996,regular monthly meeting, the Investment& Finance Committee
unanimously voted to change the date of its monthly meetings through December 1996 to:
SECOND TUESDAY OF EVERY MONTH
9:00 A.M.
NORTH WING CONFERENCE ROOM
The next three meetings, then, will be:
Tuesday, October 8, 1996
Tuesday,November 12, 1996
Tuesday,December 10, 1996
This date could be modified with the new council terms oY office starting January 1997. We will
keep you apprised of any future changes. Thank you!
PSG:rdk
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