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Home My WebLink About06 DECEMBER 1996 F _ _.. _..___"-._._.._-_-._-.__...... s .�.__..._._. _____ ..___ ...._.__.. .. _._. ._._.__..___ _ . .. .. .... .. _. �. AGENDA INVESTMENT & FINANCE COMMITTEE TUESDAY,DECEMBER 10, 1996 -- 9:OOA.M. NORTH WING CONFERENCE ROOM ***��*��**��**��*�*��*��******��*�***��*�*��****��**�*��** I. CALL TO ORDER II. ROLL CALL III. APPROVAL OF MINUTES Rec: Approve the Minutes of November 12, 1996, as Submitted. Action: IV. ORAL COMMUNICATIONS A. Any person wishing to discuss any item not otherwise on the agenda may address the Inveshnent& Finance Committee at this point by givinghis or her name and address for the record. Remarks shall be limited to a maacimum 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- hearing 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 maacimum of five minutes unless additional time is authorized by the Chairman. V. OLD BUSINESS A. Statuc of Public and Private Partners ►1�' s Background Checks for ction 4 Rec: Report by Cazlos Ortega B. Palm Desert Water & Services District Receiversh►p�p at Rer. Status report by Paul Gibson. Action: AGENDA-INVESTMENT & FINANCE COMMITTEE DECEMBER 10, 1996 ��***��****�*��*******��****�********��*��*��*��*��*�******** C. Builders Industry Association (, I�AI Developer Fees Report Rec: Receive and file report. Action: D. Alden Capital Markets Rec: Report by Cazlos Ortega regazding options for refunding issues. Action: VI. NEW BUSINESS A. City and Redevelo�ment Agency Investment Schedule Rec: Review and submit to the next City Council agenda. Review the presentation on the inveshnent graphs. Review the investment activity during the month of October. Review status of capital projects and cash flow projections.' Action: B. Review Short Term Investments Maturing in December 1996 Rec: Review investments in 1) collateralized deposits; 2)treasury bonds and notes; and, 3) Agencies discount notes. Action: C. State of California Local Age�y Investment Fund Mont� Report Rec: Informational item for the Committee to review. No action required. D. Monthly Financial Report for City Council Rec: Report and submit to Ciry Council. 'Due to the date of the meeting remaining at second Tuesday of the month, this information is not available at the time of agenda mailing; will be provided to attendees at meeting. AGENDA-INVESTMENT & FINANCE COMMITTEE DECEMBER 10, 1996 �*��*�*****�*��****�*��****�*****«*�**��***�***************�***�«**��*****� Action: E. Parkview Professional O�ce Buildings - 10/31/96 Financial Reports Rec: Review of financial statements. Action: G. Rec�uest for Proposals -Banking Services Rec: Review draft of invitation going out to prospective institutions. Action: VII. REPORTS AND REMARKS A. �gports and Remarks by any Committee Member B. Items to be �laced on the Next Agenda VIII. NEXT MEETING DATE Ne�regulazly scheduled meeting is 17�1`n lL`1 L"'�'i 1��, `�� . �`„��D ��r�� IX. ADJOURNNI�NT v'r.�""._"., . . .j.,. . . ; � . . . � a ry " �,`� . . "' t , ` �'�` �,; ��.. ,. . � �x� � T ��, r ; , >� g�a ; ' � �� `�� ' ��City of Palm Desert � � � � � � � a . nene� ' �� - " ..i , < � . . ., . --, ; . . � 7� � � � � � ' Council AgendaKRequest �. " � � ,y „di, , , �', � � W arr ,t; _ � „�� i � , s� r � �u.��u �i �t , � �,,.: ,� r i V , :: -�' � � � � x � � � 'Wa n �� ' � � ° Meeting of �'J�'�Y 9� 1997 ��a W �� ri . . '��, '�� ui. , � � Sr. � �y ,y � < < ` � � 4� �. }� �: �� "'� " 1 `" � To be coasidered under: , � ; " � .� �4 � � . �.. :, I . E�� "u��:Consent Calendar X ` Resolutions i ''` -'•Ordmanas_,;"�^k , , New Busmess_ i�' „*' — • �� .<< 4 �� ; OldBusiness_ lnformationalItems_ PublicHeanngs �� g'�4�,�y,,.. 2 ' Item Title: (Please provide the wording U�at sLw1d aPPear as the ltem's ude on the agenda). nr +c��, -:- ,M1 � �� RECEIVE &� FILE: Minutes`of the ��November�� 12, '199�6,, Investment��6 Finance Committee�� j eeting. ��, �' ` - �'"��« 3 ,. Financial: (Complete if applicable) � � a,�x=�, � � "��Znt�� " (a) AccounUProject# (b) AmountRequested 'i n,�,t�, ` (c) In the Cunent Budget7 (a) ,APPropriation Requved? � , �; c �� ' ' ' �� ,, � '� Apprm�ed by Director of Finance � � `�t�� ' . ' r r �£ �. Y ��., RER �+ � 4. SUbrtl�ttCd b : PAUL S. GISSON DIREC OR OF FINANCE CITY TREASU � .��y �'�� '�' ,� � � ent Head � City Manager � .��,� 5• ,�. �-Approvals: � Departm - -c�op� �..,�� I N T E R �� ____ = MEMO 0 F F I C E To: SHEILA R. GILLIGAN DIRECTOR OF COMMUNTTY AFFAIRS/CITY 0�� From: Paul S. Gibson, Director of Finance/City Treasurer Subject: NEW DATE FOR INVESTMENT& FINANCE COMMITTEE MEETING Date: December 10, 1996 At its December 10, 1996, regular monthly meeting, the Investment& Finance Committee unanimous(y voted to change the date of its monthly meetings, until further notice, to: THIRD WEDNESDAY OF EACH MONTH 11:00 A.M. NORTH WING CONFERENCE ROOM The next meetings, then, will be: Wednesday, January 15, 1997 Wednesday,February 19, 1997 Wednesday, March 19, 1997 Would you please make the appropriate notation in the correspondence from your office which provides this information. We will keep you apprised of any future changes. Thank you! PSG:rdk �T� � � � Minutes ... Finance Committee CONVENE On November 12, 1996, the Investment & Finance Committee was called to order at 9:05 a.m. by Mr. Gibson. ROLL CALL Walter Snyder, Dick Kelly, Dave Erwin, Carlos Ortega, Murray Magloff, Bill Veazie, Paul Gibson, Jean Ruth, Rachelle Klassen Absent: Ray Diaz � APPROVAL OF MINUTES Mr. Veazie had a question regarding the minutes of the October 8, 1996 meeting, under Reports and R�marks, McCallum Theater, as they related to minutes of the July 1996 meeting. He wondered if there were, in fact, two ongoing audits. Mr. Gibson answered that one audit was a regular, CPA audit, and the other was an independent, operational audit-- making recommendations regarding its operation and improvement of same. Mr. Veazie then asked whether at this point there would be repayment of the $300,000; to which staff replied, "No." Mr. Veazie questioned whether the $500,000 (referred to at July meeting) had been advanced or not; to which staff also replied "No." He asked for clarification since the July minutes reflect Mayor Snyder stating that "the second loan to the McCallum will be brought to the Committee for decision" and the October minutes reflect "any future action on this issue by the Council will be reported to this Committee." Mr. Gibson affirmed that Council has not taken any further action in this issue, and Mr. Erwin further stated that the operations audit has not yet been finalized. Mr. Gibson stated that until a final opinion is provided in the operations audit to take to Council, it is not considered completed. Upon motion by Mr. Magloff, seconded by Mr. Veazie, the Minutes of the October 8, 1996 meeti�ig were APPROVED as submitted. Motion carried unanimously. ORAL COMMUNICATIONS Mr. Magloff had a question regarding Council action taken for City of Palm Desert Holiday Lighting Bid and story showing an $11,000 price difference between vendors' bidding. Staff answered that there was not, in actuality, an'$11,000 difference in price, the bids given by the contractor who was awarded and the contractorwho was not awarded (claiming an $11,000 less Minutes Finance Committee expensive service) were not comparable. The contractor who was awarded the bid received it on the basis of bidding as was specified in the regular, open bidding process as is done with all such projects in the City of Palm Desert. OLD BUSINESS A. Status of Public and Private Partnerships Background Checks for Section 4 Mr. Ortega stated that he did not yet have a report for the Committee at this meeting. However, he reported that the parties now finalizing their limited partnership, and he plans to have a report at the December meeting . B. Status of Wymer/ITM Case Per the request of Mr. Magloff at the August 14, 1996, meeting, Mr. Erwin provided an update of information considered to be public record in the matter; that which is confidential will not be reported. (1) It is still a pending matter with two basic defendants remaining, REFCO Capital (including its several subsidiaries) and Bank of America, who inherited the litigation in its acquisition of Security Pacific Bank who worked with REFCO. (2) This is a matter in the federal courts in Los Angeles. Bank of America lost at its effort to get out of the case, filing motion for summary judgment. So at this time, Bank of America (BofA) will be sitting side by side with REFCO as co-defendants, of which BofA is none too pleased to be in this position. (3) Anticipated trial date is early Fall 1997. In the interim, REFCO's position is one of"scorched earth"-- they take a shot at everything. Current formal action on their part is an attempt to disqualify the current judge, (in federal court, a case is assigned to a judge from the beginning) who has been working with the case for some four years. Still some discovery going on. But we have hope that by this time next year, it will be over. 2 Minutes Finance Commfttee (4) This involves both the City and the Redevelopment Agency. We thought we had a good shot at getting most of the money back for the RDA-- by tracing in the residence (about a $2-3M residence) in Sun Valley, ID; as it was a only a matter of days or weeks that the RDA's funds went out and went into that transaction. Unfortunately, the RDA has lost that process; the request for rehearing was denied. The RDA is now back in, and we will take our best shots in the trial, as well. (5) There is the "Other Cities Money" (OCM) Case, which is Palm Desert City/Agency, as well as a number of other entities-- LaQuinta, Torrance, Orange, going against a number of cities and entities that received money out prior to the "floor falling out", including Colton, Riverside, and a number of other cities. We have settled some of those, so we're getting some money back; there are still some others pending. There is still the potential of funds coming back from the Securities and Exchange Commission (SEC) resulting from their forteiture actions. The SEC filed litigation against Wymer early on, tying up all of his assets, and they've been liquidating those assets. When the RDA lost the big chunk of the Idaho property, this value then went back into the "poY' that will get spread amongst the other cities and the Agency. The Agency will get some back, they were on both sides of the issue, as was the City on both sides of the issue. (6) At this point, if you take the principal loss, the City has back about 60-65% of its principal. The Agency is only back approximately 25% of its principal. Still have considerable hope that will get some back, not all. Anticipate potential of some other criminal actions, perhaps, against some of the REFCO people. There are a lot of people fighting for only a small amount of money. IYs a long process. D. Palm Desert Water & Services District Audit Update Mr. Gibson reported to the Committee that he has received the final audit report and has forwarded copies to Coachella Valley Water District (CVWD). CVWD has indicated to Mr. Gibson that at their next meeting in November, they will take this report to their board, and following, will provide us with a 3 Minutes Finance Committee letter indicating their desire to take over all the assets and liabilities. We are awaiting this letter; once received, we can take it to Council for final action. Remain current with paying the PDW&SD bills. Thanks to the cooperation of CVWD, since they had some of the funds which were really due PDWB�SD, they assisted in paying the last principal and interest payment to the bank. Mr. Erwin asked Mr. Gibson how the working relationship with CVWD would be categorized. Mr. Gibson replied that as far as their participation in making the water run to all the residents, "Great!" As far as cooperation on the financial side, "So-so." Mr. Kelly asked about the relationship with Western Waste and when the City would start dealing with them directly. Due to the fact that there is pending litigation in this issue, Mr. Erwin responded that the City is attempting to do this now, without much success, in Western's responsiveness to citizen complaints. Mr. Kelly further questioned whether this would be an issue at the time for contract renewal in three years. Mr. Erwin answered that these matters will be appropriately considered at the bid process is initiated for this service. NEW BUSINESS A. City and Redevelopment Agency Investment Schedule New California law requires presentation of all of the transactions occurring every month to the governing body for investments-- in this case the Investment & Finance Committee. Ms. Ruth has provided this information herein, from the blank sheet in the middle of each packet, the summary sheets are on top of this, and the detail information is in the back. Next month she will provide a Table of Contents explaining exactly what this entails. Ms. Ruth also outlined some new techniqueslstrategies she is using to add to the portfolios. With the cash flow information she has on RDA-Desert Willow, taking all of the bond proceeds tied to Desert Willow, matching them to the needs for the project. Of course, based upon market feasibility, selling investments where too much is maturing at one time, matching up with the needs' dates. As the 4 Minutes Finance Committee Committee is aware, investments held to maturity return with par amount. By watching the market and these particular investments, she sold the investments whose value was above par, gaining approximately a $5,000 profit per week in October. In a years' time, this amounts to over $250,000 profit. Ms. Ruth wanted to let the Committee know that this is her strategy for an effective investment program-- iYs the seemingly "small" steps done consistently, versus one or two large deals per year, that make the program. She went on to say, that of course, the market climate has much to do with the effectiveness of any strategy. Following she related that in October (market in "Pre- Election"mood) she purchased a security with undesignated monies from LAIF with Federal Home Loan Bank to enhance the yield of the portfolio: a five-year, callable security with a 7.25% coupon rate, purchased at a discount, callable monthly. (First date 12/1l96, with an 8% yield to this date, which is $4,500 more earned than had the money remained in LAIF.) Graphs-- show things have remained pretty much the same. Note that the $1,000,000 decrease in our portfolio result of principal and interest payments due in October 1996. The increase this month was due to the Desert Rose project refunding. With the Desert Willow project in progress, anticipate the portfolio to show an overall decrease over the next few months. Receive and file report, provide to City Council. B. Review Short Term Investments Maturing in November 1996 There are none in November 1996. C. State of California Local Agency Investment Fund Monthly Report Receive and file report. 5 � Minutes Finance Committee D. Monthly Financial Report for City Council Mr. Gibson stated that since the October books have not yet been closed due to the on-going audit, the Monthly Financial Report is not available at this time. He will provide it to City Council as soon as it is processed. E. Parkvie_w Professional Office Buildings - 9I30196 Financial Reports Receive and file report; submit to City Council for their review and information. Mr. Magloff asked what the current occupancy rate of the complex was. Mr. Ortega responded it is currently at 85% by design; tenants are selectively chosen for the complex. F. California Municipal Treasurers Association - Treasurer's Handbook Ms. Ruth stated that the Association had an attorney summarize all legislation pertaining to the Treasurer Operation for a city. It has been translated into layman's terms for easy reference by city o�cials in these capacities. It outlines the responsibilities and liabilities for a City Treasurer, City Council-- really anything you might have a question about these functions, should be answered in this handbook, including a sample investment policy by the Municipal Treasurers Association of the U.S. and Canada (what our policy is patterned after). It is available on a check-out basis in the Finance Department to all of the Committee Members. REPORTS AND REMARKS A. Any Committee Members' Reports and Remarks City's Year-End(6/30/96) Audit Status - Paul Gibson Mr. Gibson reported that staff is currently awaiting resolution of an issue over the disclosure language and its burden of liability, requested in the Management Representation Letter. Mr. Erwin, as City Attorney, is assisting us in appropriately wording the letter, which is a letter the management of the City sends to the auditors stating that "to the best of our knowledge, we have appropriately provided 6 Minutes Finance Committee to you the inforrnation necessary to audit our agency and its practices." We trust it will be resolved soon. Request for Proposal- Banking Services, Paul Gibson Ms. Ruth is currently drafting the RFP all banking services, including trustee services, custodian, checking account, savings account, etc. Have not done one for approximately 12-15 years, hence, we are overdue. We have held off in light of the pending ITM litigation, but at this point, staff has determined matters are in a state where it is safe to proceed. Staff also believes this will lower our costs for these services. For instance, in the transition where First Trust acquired the Bank of America trust services, our costs increased drastically on our trustee services; therefore, this is an issue we want to take up in this process. Will bring back an RFP Draft to the Committee at the December meeting. Our goal is to send it to the banking institutions in January. Report to Council- Continuing Disclosure, Paul Gibson At the next Council meeting, Mr. Gibson has as an agenda item a report on continuing disclosure. The SEC and IRS require yearly that City submits to the various bonding agencies, the insurance companies, bond holders, etc., information pertaining to bonds. Specifically there are 11 items that are called the Sins of Municipal Govemment-- basically if you default or cause the bonds to go into default due to depleting the reserves, not paying interest, etc. Another part of the requirements specify that you give a status of the project: 1) Are there sufficient funds to pay for the projecYs completion? 2) Are there any new laws which have changed and affect the project in any way? We have contracted with MuniFinancial to do this service for us, as it is to the point where staffs time would be monopolized just researching this in the time frame where it needs to be done. We will have a final report of this in December. Developer Fees - Paul Gibson At next Council meeting, have submitted a report to the Council regarding Developer fees. It was brought to our attention by the Builders Industry Association (BIA) that City is required to do an annual report disclosing all fees collected from developers: Revenues, Expenditures, and 7 Minutes Finance Committee comparison to five-year deadline for funds' use or committal, according to plan, or refunding of same to developers. Mr. Kelly asked whether this report should be reviewed by the Investment & Finance Committee. Mr. Gibson replied that he would be happy to provide. Since this is the first one, a public hearing was required, and is on upcoming Council Meeting agenda. Mr. Gibson also said he would be glad to bring this particular report back to the Committee so that everyone has a copy. Mr. Gibson concluded by saying that the current report, based upon commitments, reflects compliance; meaning that the funds are being budgeted for a city project that has some nexus to the fee being collected. B�A has already seen the report, and they are going to be attending the meeting, Mr. Ed Kibbey specifically. It might be noted here that we are the only area in the state which is really being called upon to hold a public hearing on this. Mr. Gibson called a number of cities throughout California, and the majority of them are not being asked to meet this requirement (at this time). Press Re/ease regarding Certification of Excellence - Bill Veazie Item from last month's meeting, press release for City of Palm Desert's receipt of the MTA-US & C Certification of Excellence Award for the City/RDA's investment policy. Mr. Veazie was concerned that he had not yet seen a local press release of this fact, since it is such an accomplishment. Staff will check on status of release in Director of Community Affairs/City Clerk's office. Informational Handouts - Carlos Ortega Alden Capital Markets, with reference to the April 1996 refunding, outlines possible strategies for handling future issues. These are things for committee to review and reference, perhaps for establishing benchmarks the Committee can follow, when conditions arise for such future transactions. Receive and file information. 8 Minutes Finance Comm�ttee NEXT MEETING DA�E The next Investment & Finance Committee will be held Tuesday, December 10, 1996 at 9:00 a.m. ADJOURNMENT The Investment & Finance Committee adjourned at 10:20 a.m. on a motion by Mr. Magloff and seconded by Mr. Erwin. Respectfully submitted, _\ � ��1.:�' _ �_ -.., RACH�LLE D. KLASSEN-%' RECORDING SECRETARY 9 . , . �� I N T E R �� MEMO 0 F F I C E To: Honorable Mayor& City Council From: Paul Gibson, Director of Finance Subject: AB 1600 Developer Impact Fee Report Date: October 25, 1996 Recommendation• Receive and file report after hearing public testimony. Bac or und: The Building Industry Association has requested that the City of Palm Desert comply with Chapter 5, Section 66006 of the Government Code. This code section requires that the City annually provide the public with documentation showing the revenues, expenditutes, beginning and ending fund balances, detail of expenditures spent, usage of the funds within five years and holding a public hearing. Staff believed that this obligation was being met by the presentation of the financial statements and public hearing of the budget, however, City Attorney has indicated that we need to take this additional step to meet the Government Code section 66006. Attached is a report showing the vazious developer fees collected and placed into a special revenue fund and the expenditures paid from fiscal year 1989-90 to 1995-96. The following funds were included in the report: o Transportation Uniform Mitigation Fee o Pazk and Recreation Fee o Housing Mitigation Fee o Tr�c Signalization Fee o New Construction Fee o Fire Facility Fee o Drainage Facility Fee o People Mover Fee o Fringe Toed Lizard Fee o Art in Public Places Each of the various developer fees is broken into three sections. The first section reflects the cash balances at the beginning and ending of each fiscal year, the developer fees collected, interest earnings, and the expenditures using the fees. The second section deals with compliance • of spending the funds within five years after receiving the funds. At the bottom of section two the report reflects the total expenditures since the law passed and comparing those numbers with the revenues received in the 1989-90 and 1990-91 fiscal yeazs. If the expenditures exceed or equal the revenues received by the City then the City is in compliance and is not required to refund any funds back to the developer. If the expenditures aze under the revenues, the City must show in section three how the City has committed these funds to projects. All the developer fees meet the compliance test in section two except the Pazk and Recreation funds. The Park and Recreation funds meet the compliance test in section three based on the budgeted projects. '�►' ..r Honorable Mayor& City Council Page 2 October 25, 1996 Staff has provided Building Industry Association a copy of this report and has inforxned them of this public hearing. Staff recommends that the City Council receive public testimony and then file the report. Respectfully submitted, Reyie,wed and Concur, / ' � � . Paul S. Gibson i on A. Diaz Director of Finance/City Treasurer C' Manager City of Palm Desert Trsnsportation Uniform Mitigation Fee As of Juae 30, 1996 (Collected in Trust for CVAG) Ordinance 573 Part 1-Cash Balanre.Revenue.Eznenditures.Ending Cssh Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 595,273 851,36t 462,607 244,160 615,098 372,811 473,505 Interest - TotalRevenue 595,273 851,361 462,607 244,160 615,098 372,811 473,505 Expenditures 595,273 851,361 462,607 244,160 615,098 372,811 473,505 Transfers In/Out Total Expeoditures 595,273 851,361 462,607 244,160 615,098 372,811 473,505 Revenue Over(Under) Expenditures - - - - - _ _ Beginning Fund Bal. - - - - - _ _ Ending Fund Bal. - - - - - _ _ Source:City Financial Statements&Ledgers Part fI-Comolianace With Government Code 66001 Completed Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Paymenu To CVAG 595,273 851,361 462,607 244,160 615,098 372,8t I 473,505 See CVAG Total by Year 595,273 851,361 462,607 244,160 615,098 372,811 473,505 Total as of 6/30/96 3,8}4,$15;: Total Revenues Subject to Excess Expenditures in Complisnce 5 Xr limitation (under)Expenditura=Non-Compliance Exoenditures to Date Throueh 6f30/91 As of 6/30/96 3,614,815 846,316 2,768,499 *Funds are deposited into trust and then transfered monthly M Coachella Valley Assoc.of Govemments(CVAG) DeveloperFees Page 1 � � part Iil-Acteal E�endihrec/Committroents Compared to Revenee Deposits and Interest Project Tit1e A. B. C. D. Total Revenues Excess Ezpendures=1n Compliance Actual Subject to (Under)Expenditures=Non-Compliance Expendituros Committments 5 yr Limitations Commitments Over 5 Years To Date To Date Thru 6/30/96 Revenues (A+B}C 3,614,815 846,316 Committments-Budgeted or Encumbered Contracts See CVAG Totals 3,614,815 - 846,316 2,768,499 Developer Fees page Z , City of Palm Desert Housing Mitigation Fee As of June 30,1996 Specisl Revenue Fund 214 Raolution 90.130 Part I-Cash Balsnce.Revenue.Ezpenditures.Endine Cash Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 120,368 568,412 120,709 51,775 303,841 8,581 Interest 20,209 24,416 4,204 1,552 5,880 99 Total Revenue 140,577 592,828 124,913 53,327 309,721 8,680 - Expeaditures - TransfersIn/Ou[ 912,196 5,329 312,521 TotalExpenditures 912,196 - 5,329 312,521 - - - Revenue Over(Under) � Expenditures (771,619) 592,828 119,584 (259,194) 309,721 8,680 - Beginning Fund BaL 771,619 178,791 59,207 318,401 8,680 - - Ending Fund Bal. - 771,619 178,791 59,207 318,101 8,680 - Source:City Financial Statements Part II-Complianace With Government Code 66001 Compieted Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 One Quail Place Low 912,196 - 5,329 312,521 - - - & Moderate Housing Subsidies- Total by Year 912,196 - 5,329 312,521 - - - Total as of 6/30/96 t Z3q,046i1 Total Revenues Subject to Excess Expenditures in Compliance 5 Yr limitation (under)Expenditura=Non-Complisnce E�oenditures to Date ThrouEh 6/30/91 As of 6/30/96 1,230,046 8,680 1,221,366 DEV-FEES.XLS Page3] v,r v�r Housing Mitigarion Fee Part IIi-Achal R:pendihres/CommittmenL Comoared to Reven�e Deposits and Interest A. B. C. D. Total Revenues E:cess Expendures aIn Compliance Actual Subject ro (Under)Expenditures=Non-Compliance Expeuditures Committments 5 yr Limitations Commitments Over 5 Years Project Title To Date To Date Thru 6/30/96 Revenues (A+B}C 1,23Q046 8,680 Committments-Budgeted or Encumbered Contracts None Totals 1,230,046 - 8,680 1,221,366 DEV-FEES.XLS pageq� City of Palm Desert New Construction Taa As of June 30,1996 Special Revenue Fund 231 Ordinance 35,124,186,216 Part 1-Cash Balance.Revenee.Eznenditeres.Ending Cash Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 453,533 531,126 275,103 516,519 430,120 221,466 370,107 Interest 204,829 139,416 89,592 87,185 359,953 145,909 127,621 Transfen In/Other Rev 229,697 44,830 • 64,889 - Total Revenue 888,059 715,372 364,695 668,593 790,073 367,375 497,728 Expenditures 971,171 110,961 20,917 498,061 1,144,973 117,383 38,900 Transfers In/Out 35,699 288,066 TotalExpenditures 971,171 146,660 308,983 498,061 1,144,973 117,383 38,900 Revenue Over(Under) Expenditures (83,112) 568,712 55,712 170,532 (354,900) 249,992 458,828 Beginning Fund Bal. 3,317,395 2,748,683 2,692,971 2,522,439 2,877,339 2,627,347 2,168,519 Ending Fund Bal. 3,234,283 3,317,395 2,748,683 2,692,971 2,522,439 2,877,339 2,627,347 Source : City Financial Statemenu Part II-Comolianace With Government Code 66001 Completed Projec[s: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Interior Bldg Imp 332 28,21 I Historical Fire Station 28,571 Cook& F Sha Street Imp 720,653 Gerald Ford St Imp 216,605 Ponola Comm Library 5,010 Telephone System 20,849 20,917 Refund Prior Yr Revenue 8,250 Transfer Out 35,699 28,698 SheriffStation Imp 6,000 Cook Street Culvert 47,651 170,000 Civic Ctr Landscape-Expansion 272,699 26,757 Civic Center Expansion 55,362 1,118,216 117,383 38,900 ITM-Interest Loss 259,368 Total by Year 971,171 146,660 308,983 498,061 1,144,973 117,383 38,900 ' Total as otb/30/96 3,�fryl3l' Total Revenues Subject to Excess E:penditures in Compliance 5 Yr limitation (uader)Expenditures=Non-Compliance Expenditures to Date ThrouEh 6/30/91 As of 6/30/96 3,226,13I 865,103 2,361,028 DEV-FEES.XI.S PageS] � •.r New Construcfion Taz Part III-Actusl E�enditures/Comreittments Comnared to Revenue Dennsits and Interest A. B. C. D. Totsl Revenues E:cess Ezpendures=In Compliance Actual Subject to (Under)Ezpenditures=Non-Compliance Expenditures Committments 5 yr Limitations Commitments Over 5 Years Project Title To Date To Date Thru 6/30/96 Revenues (A+g}C 3,226,131 865,103 Committments-Budgeted or Encumbered Contracts Historical Fve Station 40,000 Portola Comm Library 150,000 Totals 3,226,131 190,000 865,103 2,551,028 DEV-FEES.XI.S Page6) City of Palm Desert - Drainage Facility As ot June 30,1996 Specisl Revenue Fund 232 Ordinance 218,308 Part I-Cash B4lance.Reven�e.Eipendihres.EndinP Cesh Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 663,453 439,516 117,740 209,414 310,660 440,596 493,406 Interest 88,476 63,578 83,263 109,765 . 156,523 242,526 212,357 Other Rev 100,000 57,942 - - - - - TotalRevenue 851,929 561,036 201,003 319,179 467,183 683,122 705,763 Expenditures 726,767 1,228,260 1,309,327 396,624 145,716 22,885 33,152 Transfers In/Out 530,689 243,266 68,690 TotalExpenditures 726,767 1,228,260 1,840,016 396,624 145,716 266,151 101,842 Revenue Over(LJnder) Expenditures 125,162 (667,224) Q,639,013) (77,445) 321,467 416,971 603,921 BeginningFundBal. 1,542,925 2,210,149 3,849,162 3,926,607 3,605,140 3,188,169 2,609,206 Ending Fund Bal. 1,668,087 1,542,925 2,210,149 3,849,162 3,926,607 � 3,605,140 3,188,169 Source :City Financial Statements Part li-Complianace With Government Cade 66001 Completed Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Monterey Stortn Drain 711,805 18,392 IQ279 3Q090 7,888 22,885 Toro Peak Drainage 14,962 1,209,868 78,574 84,292 Extension Cook Stortn 99,020 Joshua Rd Drain Phasel❑ 1,121,454 San Pascual Drain Modifications 282,242 13,670 Portola Ave Storm Imp 124,158 Refund Developer-Prior Yr 33,152 Interfund Transfer Out 243,266 24,958 ITM- Inrerest Loss 530,689 Total by Year 726,767 1,228,260 1,840,016 396,624 145,716 266,151 58,110 Totai as of 6/30/96 4,661;6�4i' Total Revenues Subject to Excess E:penditures in Compliance 5 Yr limitation (under)Ezpenditures=Non-Compliance Expenditures to Date ThrQyPh 6/3�1/91 As of 6/30/96 4,661,644 1,388,885 3,272,759 Drainage Facility DEV-FEES.XLS Page7] �..' �+ part IiI-Actuel Exnenditeres/Gommittmente['omoared to Revenee DeposiLc and Interest A. B. C. D. 1'otal Revenues Eacas Ezpendures=In Compliance Actual Subject to (Under)Expenditures=Nou-Compliance E:penditurcs Committments 5 yr Limitations Commitments Over 5 Years Project Title To Date To Date T6ru 6/30/96 Revenues (A+B}C 4,661,644 1,388,885 Committments-Budgeted or Encumbered Contracts None Totals 4,661,644 - 1,388,885 3,272,759 DEV-FEES.XLS p�eH� . City of Pslm Desert Park& Recreallon Fscilities As of June 30,1996 Specisl Revenue Fund 233 Ordinance 125, 328 Part I-Gash BAlance.Revenue.Esggpditures.EndinP Cash Balaoce 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 550,948 145,046 57,461 28,271 - 182,525 306,811 Interest 105,913 54,735 35,915 33,879 45,838 65,379 41,057 OtherRevenue 220 16,721 - - 91,863 34,308 110,192 TotalRevenue 657,08] 216,502 93,376 62,150 137,701 282,212 458,060 Expenditures 307,742 1,342 Transfers In/Out 153,147 Total Expenditures 307,742 1,342 153,147 - - - - Revenue Over(Under) Expendimres 349,339 215,160 (59,771) 62,150 137,701 282,212 458,060 Beginning Fund Bal. 1,405,809 1,19Q649 1,25Q420 1,188,270 l,O5Q569 768,357 31Q297 Ending Fund Bal. 1,755,149 1,405,809 1,190,649 1,250,420 1.188,270 1,050,569 ?68,35'7 Source :City Financial Statements Part II-Comolianace With Government Code 66001 Completed Projecu: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Aquatic Study 13,273 Edgehill Tennis Court 4,020 Security Monitors-Paz 68,526 Fountain Equipment 114,833 Park Ped Bridge 29,466 Civic Center Park 67,625 1,342 I7M- Interest Loss 153,147 Willow Hole Habitat 5 10,000 Total by Year 307,743 1,342 153,147 - - - - Total as of 6/30/96 462,�32:' Total Revenues Subject to Ezcess E:penditures in Compliance 5 Yr limitation (uoder)Ezpenditures=Non-Complisnce Exoenditures to Date Throueh 6/30/91 As of 6l30/96 , a6�,z32 �ao,z�z (2�e,oao� "While expendiares ro June 30, 1996 are S278,040 le,s then the rovenues subject to the five year limitation the City has committed expenditures by Resolution 96-46 which places the City in compliance with Government Code 66001. See Part 3 for a list of projects committed by the City for reimbursement by the Park and Recreation Fund. DEV-FEES.XLS Page9] `•• r,r Park& RecreaHon Facilities " part IIi-Actesl Ezpendihres/Committments Comoared to Reven�e Depociic and Interest A. B. C. D. Total Revenues E:cess E:pendures=In Compliance Actusl Subject to (Under)Ezpenditures=Non-Compliance Eapenditures Committments 5 yr Limitations Commitments Over 5 Years Project Title To Date To Date T6ru 6/30/96 Revenues (A+B}C 462,232 740,272 Committments-Budgeted or Enwmbered Contracts Aquatic Center Feasibility Study 22500 Edgehill Tennis Court Resurfacing 20000 SecuriTy Monitors-Parks 85274 Civic Center Park Fountain 219170 Civic Center Comm.Garden Walk 83300 Hovley Park Soccer Complex I 100000 Civic Center Roller Hockey 175000 Civic Center Fountain 200000 Ironwood Pazk Upgrade 22000 Tot Lot Shading 20000 Totais 462,232 1,947,244 740,272 1,669,204 DEV-FEES.XLS Page10] City of Palm Deaert Traffic Signals As of June 30,1996 Special Revenue Fund 234 Resolutian 79-17 Part I-Gash Balance.Reveeee.Ezoenditeres.Rnding Cash flalance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 64,644 57,630 377,622 35,574 169,845 164,022 164,331 Interest 73,522 49,693 29,439 29,760 , 38,149 48,577 40,833 OtherRevenue 14,125 65,078 50,000 TotalRevenue 138,166 121,448 4'72,139 115,334 207,994 212,599 205,164 Expenditures 102,462 336,241 24,578 - Transfers In/Out 129,370 Total Expenditures 102,462 - 465,611 24,578 - - - Revenue Over(Under) Expendimres 35,704 121,448 6,528 90,756 207,994 212,599 205,164 Beginning Fund BaL 1,254,01I 1,132,563 1,126,035 1,035,279 827,285 614,686 409,522 Ending Fund Bal. 1,299,715 1,254,011 1,132,563 1,126,035 1,035,279 827,285 614,686 Source: City Financial Statements Part ll-Complianace With Government Code 66001 Completed Projecu: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Hovley& Monterey 10,219 Country Club&Resort 12,200 Fred W.& Portola Chg 80,043 Cook& Merle 80,070 Coun[ry C.&Oasis 970 9,727 Ponola&Quicksilver 111,729 6,747 ITM -Interest Loss 129,370 GC.& San Tropez 143,472 8,104 Total by Year 102,462 - 465,611 24,578 - - - Total as of 6/30/96 592�551 i � Total Revenues Subject to E:cess E:penditures in Compliance 5 Yr limitation (under)Ezpendituresallon-Compliance Exoenditures to Date ThrouPh 6l30/91 As ot6/30/96 • 592,651 417,763 174,888 DEV-FEES.XI,S Pagel I] � � Traffic Signals A. B. C. D. Total Revenues Excess Ezpendures=In Compliaoce Actual Subject to (Under)Expenditures=Non-Compliance Expenditures Committments 5 yr Limitations Commitments Over 5 Years Project Title To Date To Date Thru 6/30/96 Revenues (A+g}C 592,651 417,763 Committments-Budgeted or Eocumbered Contracts Hovley Lane&Monterey 120,000 Fred W.&Phyllis Jackson 100,000 Country Club&P.D. Resort 15Q000 Hovley&Portola 125,000 Hwy 74&Haystack 125,000 Magnesia Falls& Portola 135,000 Country Club& Park Center 135,000 Contry Club&Oasis 135,000 Fred Waring&Portola Modif. 88,12g Totals 592,651 1,113,128 417,763 1,288,016 DEV-FEES.XI,S page�Z� City of Palm Desert Fire Fac�7ities Fund As of June 30,1996 Special Revenue Fund 235 Ordinance 266 Psrt I-Cash Balance.Revenee.Espenditeres.Endinp Cssh Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 22,719 23,688 37,705 Interest 1,715 4,720 1,729 7,280 10,266 I5,513 13,615 Total Revenue 1,715 4,720 1,729 7,280 32,985 39,201 51,320 Expendimres 1,574 219,253 15,227 Transfers In/Out 33,640 Total Expenditures - - 35,214 219,253 - 15,227 - Revenue Over(Under) Expenditures 1,715 4,720 (33,485) (211,973) 32,985 23,974 51,320 Beginning Fund Bal. 28,591 23,871 57,356 269,329 236,344 212,370 161,050 Ending Fund Bal. 30,306 28,591 23,871 57,356 269,329 236,344 212,370 Source : City Financial Statements Part I[-Complianace With Gavernment Code 66001 Completed Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Opticom-Emerg Switch 1,574 219,253 15,227 ITM- Interest Loss 33,640 Total by Year - - 35,214 219,253 - 15,227 - Total as of 6/30/96 269,�i94; Total Revenues Subject to Excess Expenditures in Compliance 5 Yr limitation (under)Expenditures=Non-Complisnce �enditures to Date ThrouQh 6/30/91 As of 6/30/96 269,694 90,521 179,173 DEV-FEES.XLS Page13] .r .�r� Pert III-Acteai E:nenditeres/Committments Compared to Reven�e Deoosits aed Interest A. B. C. D. Totsl Revenues E:cess Ezpendures=In Compliance Actual Subject to (Under)Eapenditures=Non-Compliance Expenditures Committmeuts 5 yr Limitatious Commitments Over 5 Years Project Title To Dste To Date Thru 6/30/96 Revenua (A+B}C 269,694 90,521 Committments-Budgeted or Encumbered Contracts Opticom Signal(Hwyl l l) 32000 Awaiting State Approval Totals 269,694 32000 9Q521 211,173 DEV-FEES.XL,S Pagel4] ..r,, _�. _ . , .. ,<:.- r ..�...,� . . ,-. :..... «,;r._ . ..,� .;_; ...x:' _ _. . City of Palm Desert People Mover Ae of Jane 30,199b Special Revenue Fund Z37 Resolution Part I-Cash Baleece.Revenee.Ezpendifires.Eedi�¢Cash Balance � 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 20,000 113,000 Interes[ 266 21,359 2,105 4,207 5,297 8,155 2,879 TotalRevenue 266 21,359 2,105 4,207 25,297 8,155 115,879 Expenditures 1,500 54,500 61,600 38,400 Transfers In/Out 19,158 Total Expenditures 1,500 54,500 78,758 38,400 - - - Revenue Over(lJnder) Expendimres (1,234) (33,i41) (76,653) (34,193) 25,297 8,155 115,879 Beginning Fund Bal. 5,344 38,A85 115,138 149,331 124,034 115,879 - Ending Fund Bal. 4,110 5,344 38,485 115,138 149,331 12d,034 I15,S79 Source :City Financial Statemenu Part II-Complianace With Covernment Code 66001 Completed Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 People Mover Smdy 1,500 54,500 61,600 38,400 ITM-Interest Loss U,158 Total by Yesr 1,500 54,500 78,758 38,400 - - - Total as of 6/30/96 'll'73,IS8;; Total Revenua Subject to Excess Expenditures in Compliance 5 Yr limitation (under)E:penditures-Non-Compli �penditures to Date Throqph 6/30/91 As of 6/30/96 173,158 124,034 49,124 • DEV-FEES.XLS Page15] .r � People Mover Part III-AMusl F.xceedihre<!Committmen .ompared to Reveeee Deposifs and interest A. B. C. D. Total Revenues E:cess Ezpendures=In Complisnc Actual Subject to (Under)EzpendituressNon-Compli Expenditures Committments 5 yr Limitations Commitments Over 5 Years Project Title To Dste To Date Thru 6/30/96 Revenues (A+B}C Actual Expenses 173,158 0 Committments-Budgeted or Encumbered Contrects On Hold until Federal Funds are available. Totals 173,158 - 124,034 49,124 DEV-FEES.XI.S Page16� � �.: ; _ __:o � ,,. . : . � _ . . ._ _ . -J _ City of Palm Deaert � Art In Pablic Placea(AIP� � Aa of June 30,1996 . Special Revenue Fund 436 Ordinanu 673,732 Part I-Ci�h Bal�nc�IZ•rme�E:oendihres_BedinQ .h_a•nn � 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revrnue 212,394 23Q269 110,506 136,594 250,291 173.633 190.1S1 Interes[ 60,184 43,760 32,577 35,O12 52,728 91,614 88,788 Transferin 1,000 25,120 16,850 21,126 TotalRevenue 273,378 301,149 159,933 192,732 303,019 265,267 278,939 Expendituros � 266,754 253,722 173,574 231,260 369,005 347,276 4,389 Trensfcrs 0ut 175,123 Total Expenditures 266,754 253,722 348,697 231,260 369,005 347,276 4,389 Revenue Over(Under) Expcnditures 6,824 47,427 (188,764) (38,528) (65,986) (82,009) 274,550 BeginningFundBal. 1,024,540 977,113 1,165,877 1,204,405 1,270,391 1,352,400 1,077,850 Nom#1 Ending Fuod Bal. 1,031,364 1,024,540 977,113 1,165,877 1,204,405 1,270,391 1,352,I00 Source:City Financial Statements DEV-FEES.XLS Page17J . , . _ ._ ,_ . . .___ ._ . . . . � " � ' -� � .- ,..:ei6 Part II.Comnlianare With Govern� �Code G6001 � � � Art Ie Pnblic Pla� Completed Projects: � , 6/30/96 6/30/93 6/30/94 6/30/93 6l30l92 6130/91 •6/30/90 Community Walk-Mahans 3,000 Art Panels-Library-Nie 1,800 Library Tiies-Barbam Field Ball Field Art-Piuhford 33,300 Holocaust Memorial-Dee Clemrnts Obelisk-PDCC-Marlo B 8,705 31,500 "Proceed w/Caution"-Columbine Glier 15,200 "Finders Keepers"-Bronze Child-Cook 9,159 Metal Flowers-Cocteau - - - Cory Yard Art-Rieman - 7,900 Corp Yard Signage-Wat 600 5,400 � Bronze Sculpture•Alsum 4,365 Osoyoos Painting-Porter 474 Amphitheatre-Sharles 3,200 Library Art-Larose - Self Pmservation-Pogue 3,233 Mountain Lions-Living Desert - Art Display - . C is for Cat-Larose 8,620 "Passing it Along"Srnior Center-Dee Clements 19,342 14,000 Park Signage/Engraving 1,320 5 Coyote Benches-Watling 8,100 Piano Picnic Table-Mueller Z,ppp Midstream-lohnson - 7Q000 Gisbome Painting-Porter/Jolene 500 . Aecreation Building-Gomolka COD Art Exhibit 134 4,147 "Messenger of the Puul"-(FW)Manson 57,074 Office Complex-Arrows-Perless 3,33$ 17,745 1,442 "Dreamer"-Phelps _ 268 41,000 . Washingmn School-Hunter 9,825 68,831 79,900 ' Art Sculpmre Lighting-MacDonald 2,683 Design/Arch-Placement of An 1,933 Plumbing for Art piecc 1,240 Haystack Park-Hines 45,255 71,615 Sheriff Station-Disbro 38,600 Desert Dessert-Anderson 1,000 � 74,500 PeaceMemorial-Andmws 1,100 5,097 SQ300 Maintenance&Admin 122,525 168,464 91,699 102,485 86,151 11,255 4,389 Misc. items added/modifing sculptures 6,000 4,965 994 4,619 An work on EI Paseo 8,214 7,634 6,361 9,976 - RefundDevelopers 124,910 6,397 20,197 ITM-Interest Loss ps,�Z3 Totol by Year 266,754 253,722 348,697 231,260 369,005 347,276 4,389 Total as of 6/30/96 i��$21,1�03: . Total Revenues Subject to Exceas E:penditurn in Compliance 5 Yr limihtion (under)Eipenditures=Non-Compliaoce Eacoenditures to Date ThrouYh 6lJONI As of6/30/96 1.821.103 544,206 1,276,897 No[e#1 -General Fund contributed initial startup funds of 200,000 ptus interest. Transfer of funds&om Ciry projects. Notek2- rUt in Public Places has 5200,000 resmed for continue meinueence of the Art work. � DEV-FEES.XI.S p�e�g� • � Art le Pu61ic Places - Part II[-Aeteal Ezp�pdihree�Gommittments Gomoared to Revmee Deposih aed leternt A. B. C: D. . Total Reveeua Ezeas E:pendura=In Compliana petud Subject to (Uoder)E:penditurmNoe-Complianee E:penditurea Committmenh S yr LimitaHona Commitmenb Over 5 Ywrs Project Thle To Date To Dah T6ru 6/30/96 Revenua (A+B}C Actual Expenses: 1,821,103 Budgeted Projects: . Go1f Course Art(Various) �450000 . Maintenance Program 30000 � Totals 1,821,103 480,000 544,206 1,756,897 - DEV-FEES.XLS Pagel9� � � . k City of Palm Desert Fringe Toed Lizard As of June 30,1996 • (Collected in Trust tor Nature Conservancy) Part I Caeh Balance Reven�e 7�endihres Endinn Cach Balance 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Revenue 186,651 26,618 15,480 6,631 72,'732 63,774 54,327 Interest - � . Total Revenue 186,651 26,618 15,480 6,631 72,732 63,774 54,327 Expendimres 186,651 26,618 15,480 6,631 72,732 63,774 54,327 Transfers In/Out Total Expenditures 186,651 26,618 15,480 6,631 72,732 63,774 54,327 Revenue Over(Under) Expendimres - _ _ _ _ _ _ Beginning Fund Bal. - - - _ _ _ _ Ending Fund Bal. - - _ _ _ _ _ Source : Ciry Financial Statemenu&Ledgers Part II -Complianace With C:nvn��.....�r r..do 6Fnni Completed Projects: 6/30/96 6/30/95 6/30/94 6/30/93 6/30/92 6/30/91 6/30/90 Payments To CVAG 186,651 26,618 15,480 6,631 72,732 63,774 54,327 See CVAG Total by Year 186,651 26,618 15,480 6,631 72,732 63,774 54,327 Total as of 6/30/96 42(i;213++: Total Revenues Subject to Ezcess Expeoditures in Compliance 5 Yr limitatiun ' (under)E:penditures=Non-Complisnce Rxnendit�res to Date Throuqh 6/30/91 As ot6/30/96 . 42b,213 118,101 308,112 'Funds are deposited into trust and then transfered monthly to Nature Conservancy. DEV-FEES.XLS Page20] pkcYw+,.'wr�.Plv+,��tri+!`v+'a�Ykm9P.rt+.'sY' m.-,.. �t,:.a Y..r.r*...:�:in , ....-.-� . ---.,;..,., ....x. _. .... . . � . . .... Part IR-Achal Ea,peedihrea/Gommittmeeta Comoared to Reveeee Depocits aed Interest Project Ti A. B. C. D. Total Revenues E:cus Eapendures�In Compliance Actusl Subject to (Under)Expenditure�Non-Compliance Ezpenditu Committ 5 yr Limitations Commitments Over 5 Years To Date To Date T6ru 6/30/96 Revenues (A+B}C 426,213 118,101 Committments•Budgeted or Encumbered Contracts See Nature Conservancy Totals 426,213 - 118,101 308,112 DE V-FEES.XLS Page21 j �r ,�,� . City of Palm Desert 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260-2578 TELEPHONE(619)346-0611 FAX(619)340-0574 LEGAL NOTICE CITY OF PALM DESERT PUBLIC HEARING RELATIVE TO DEVELOPER IMPACT FEE REPORT NOTICE IS HEREBY GNEN that a Public Hearing will be held before the Palm Desert City Council to consider filing a report on developer impact fees as of June 3Q 1996. SAID PUBLIC HEARING will be held on Thursday,November 14, 1996,at 7:00 p.m. in the Council Chamber of the Palm Desert Civic Center, 73-510 Fred Wazing Drive, Palm Desert. All citizens aze invited to present oral or written comments relalive ro the proposed impact fee report.Any citizen unable to attend may submit written comments to the City Clerk pcior to the Public Hearing. Copies of the report may be reviewed at the Civic Center,Monday Uvough Friday between the hours of 8:00 a.m.and 5:00 p.m. � � � � / .� : ; ._ �' ' , �.` � �jG�� - SHEILA R. GILLIGAN,COM AFFAIRS/CITY CLERK CITY OF PALM DESERT,CALIF IA October 28, 1996 �� nxv�ree Pepp� ALDEN 949 Sou[h Hope Street•Suite 110• Los Mgeles,CA 90015 •213-488-0624• FAX 213-488-5137 December 2, 1996 RECEIVED DEC 3 1996 Mr. Carlos L. Ortega Executive Director/ Redevelopment Agency PALM DESERT City of Palm Desert REDEVELOPMENTAGENCY 73-510 Fred Waring Drive Palm Desert, California 92260 Re: Debt Service Reserve Fund Surety Bonds ' Dear Carlos: i MBIA has informed us that they are prepared to provide a Debt Service Reserve Fund Surety Bond for the following Project Area#2 bond issues. ISSUE PAR AMOUNT Series 1995 $4,909,000 1992 Series A $17,505,000 We had submitted a request for three additional Project Area #1 issues but MBIA has indicated that debt service coverage levels would have to improve for them to consider ' releasing those funds. (See attached letter) In any case, we believe the fee quote of 4.5% is attractive and recommend you proceed to � complete the release of these funds in mid-December. Our schedule contempfates compieting this transaction the week of December 16`". Attached you will find a breakdown of estimated transaction costs and net proceeds. Also included are drafts of the MBIA Surety Agreement which will be modified for your specific bond issues and fonvarded to Bill Strausz of Richards, Watson & Gershon for review. ( We propose that document distribution take place this week in anticipation of your formal approval at next week's meeting. This will give us a five (5) business day advantage that ' allows us to meet the closing schedule outline above. We sincerely appreciate that opportunity to work with you and ask that you ca(1 if there � are any questions relating to the enclosed material. Since Lauro Garcia QI � TRANSACTION COSTS & NET PROCEEDS i ISSUE PAR AMOUNT RESERVE FUND � � 1992 SERIES A $17,505,000 51,278,556 MBIA Fee (4.5%)* 57,535 , Alden Capitai Market4 15,000 L,egal Fees 5,000 Trustee Fees 2,5(lU ' Miscellaneous 2.500 Net Funds to A � $1 196,021 I ! S�s 1995 $4,909,000 $344,592 (Dn�n 6-1-95) r 1VIBIA Fee (4.5%)' 15,507 ; Alden Capital Markets 15,000 �g�F� 5,000 � Trustee Fees 2,500 I Miscellaneous 2.500 Net Funds to Agency 5304,085 I ,{ *Rounded l � Tarni.Pxocrens $1,196,021 � 304.085 12/Q9/1996 � City of Pnlm Deaert PM - 1 PORTFOLIO MAB'aY BIIDIIAMY CITY NOVEI�SR 30� 1996 ACCRUAL AV8AA0& '-'YISLD 7D MATUAITY"' PSRCBNT OF AV&AAGE DAYB 1V 360 365 INV88'd�ffiiT8 BOWC VALUE PORfFVLIO TffiiM MATURITY BQUNALBNT SQUIVALSNT '__'___"_'____'_'__'__'__'_________'__'___'_""_"_""""""_"_'__'______'___________'_"____"_"""________"___"'_"""' Fidcllty Traesury Pool.......................; 6�082�663.00 5.19 1 1 5.051 5.122 Managed Pml Accounte........................= 17�396.00 0.02 1 1 6.738 4.804 Lxai ngency Inveatment Punae................; 13,092,198.42 16.64 1 1 5.524 5.601 Cc�escial Papar - Dlecount..................; 2,669,163.20 3.1d 83 43 5.�1� 5.692 Fodaral Agency Ieauee - Coupon...............= 11,176,225.41 14.20 1,121 937 6.038 6.122 Pederal Agancy Ieeuee - Diacount.............i 396,610.78 0.50 91 12 5.603 5.678 Treaeury Sacuritlae - Coupon.................5 28,669,045.95 36.17 738 519 5.980 6.063 CSty Lom to ADA.............................; 19�000�000.00 26.16 2�192 1�673 5.662 5.538 ""'_""""'__"""""""'_""""""_"'_""""""_"""_"'_"'_ TOTAL INVSBAgHT9 end AVBRAt�B.............: 78,701,280.76 100.00t 959 726 5.718i 5.798i se.�"�""s�.��e��.��.�.em�"'.��.�.e..a.'�"'�".��""""a"""'�e..� rieH Paeebook/Checking - Pa Ylald lbtale..........; 647�381.32 2.516 2.551 (not included Sn yleld calc�latione) Accrvad Intaraet at PurcMee.................= 87,828.02 _"'_"""""_"""""""'__"_'____""_""""'_""""_____"""' TOTAL CABH and PURCHABS INTIDtEBT.............= 735.209.36 1VLAL CA9H md IPV881T1ENP8.................5 79r636r690.10 M� BNDINO PIBCN, TOTAL SAANIN08 P078�IDSR 30 YBNt 10 DATE Curreat Yaer S 388,987.66 S 2,030,220.99 AVBAAtifi DAILY HALANC6 = 79�380�556.68 ; 86�183�509.64 &FFHCTIVE RATE OP REfORN 5.96! 5.70t The investmant port£olio oi tLe Clty of Palm Da�art c�pliea wlth Ste Invaetment Paul 8. aibeon Policy and ihs Cnllfornie Owarnmant COAe extlone pertaining to tha inwctment Treaeurer of locel agancy fmde. Pending any futuxe actiom Cy the City Council or any unforeeean cataetmphy the City hae en edaquate ceeh flw to meet ite expanditure requlremente for the naxt e1x montha. Tha montl�-end market veluw DATE ware obtainW fmm lSr�t Truet and IDC Datefe6d prlcing 9uvice. Clty of Palm Desert Month-end Investment Report November 30, 1996 TABLE OF CONTENTS INVE5TMENT INFORMATION FOR ENTIRE PORTFOLIO Portfolio Master Summary 1 Investment Portfolio Detail - Investments 2 Investment Portfolio Detail - Cash 5 POftf01i0 MBSt@f' Illv@Stmellt ACtlVlty by Typ2 6 Investment Activity Summary 9 Distribution of Investments by Type 10 Interest Earnings Summary 11 Investment Portfolio Complfance Checklist 35 INVESTMENT INFORMATION BY FUNDBOND Assesssment District 83-1 12 1995 Refunding Bond 84-1-R 14 Assessment District 87-1 16 Indian Ridge 91-1 Series A 18 Indian Ridge 91-1 Series B 20 Sierra Nova 92-1 22 Big Horn 94-1 24 Sunterrace 94-2 26 Merrano 943 28 95 Refunding Bond 83-1, 84-1-R, 87-1 30 City General Fund 32 City Loan to RDA 34 12(09/1996 � � Clty of Palm Dacart � PM - 2 IIN681T76IPP PORITOLIO DSPAIL$ - INVBB'AffiIT8 CI7Y pOVF.PIDSR 30, 1996 ACCAUAL INVEST!ffiNT AVHIiA(� PVRC�SE BTATSD "' y'IIA "_ MATUAITY DAYS [JUMBSR I88V@R BALTNC6 MTE e00R VALUE FACS VALllS MAPREP VALUS AATE 360 365 DATB TO MAT ___""""_"'_______________'____'________'_"_____"'___"'___""_"_____""""""________________"'_'_'_'_'_""""""_' PIDBLITY TA8A9UAY POOL 12006 PSdelity Inetitutlonel Caah 52.00 52.00 52.00 5.170 5.099 5.170 1 12005 PSdelity Inetitutloml CeeA 49.00 69.00 69.00 5.170 5.099 5.170 1 12006 R P19a11ty Inetitutional Cesh 265,Z33.00 265�233.00 265,233.00 5.120 5.050 5.120 1 12007 PStlallty Inetitutional Caeh 19�603.00 19�603.00 19,603.00 5.120 5.050 5.120 1 12009 I PSdellty Inatitutional Cash 33,BS3.00 33,853.00 33,853.00 5.160 5.070 5.160 1 12010 R FSEellty InetStutloml Cesh 126,623.00 126,623.00 126,623.00 5.160 5.070 5.160 1 12011 FSdellty Inetitutional Caeh 18.00 18.00 18.00 S.1C0 5.070 5.160 1 12012 I FStlelity Inatitutlonel Caeh 387,119.00 387�119.00 389,119.00 5.120 5.050 5.120 1 12013 R P1de11ty Inatitutlonal Caeh 125,47fi.00 125,676.00 125,676.00 5.120 5.050 5.120 1 12015 PSdallty InatitutSanal Cae� 631.00 631.00 631.00 5.120 5.050 5.120 1 12016 I Pidellty Inetitutional Caeh 762�218.00 742�218.00 762,218.00 5.120 5.050 5.120 1 12018 R Fldelity Inetitutlonal Cesh 320,561.00 320,561.00 320,561.00 5.120 5.050 5.120 1 12019 Pidelity Inetitutlonal Caeh 99.00 99.00 99.00 5.120 5.050 5.120 1 12020 I Fidelity Inetitutioml Caeh 6,965.00 6�965.00 6,965.00 5.120 5.050 5.120 1 12021 Fidelity Inetltutioml Caeh Y42.00 242.00 262.00 5.160 S.OB9 5.160 1 12022 R Fidelity Inetlt�tioml Caeh 766,31d.00 766,316.00 766,316.00 5.120 5.050 5.120 1 12023 Fitlelity Inetitutional Caeh 21,699.00 21,199.00 21,699.00 5.120 5.050 5.120 1 12024 Pidelity Inatltutioml Caeh 1,395.00 1�395.00 1�395.00 5.120 5.050 5.120 1 12025 A FSdellty inetitutional Caeh 86,816.00 86,816.00 86,816.00 5.120 5.050 5.120 1 12027 A PSdellty Inetitutioml Caeh 65�398.00 65�398.00 65�398.0� 5.160 5.070 5.160 1 12028 R PSdellty Institutiaml Cash 166�395.00 166�395.00 166�395.00 5.120 5.050 5.120 1 12031 Fidelity Inetitutlonal Caah 12,057.00 12,057.00 12,057.00 5.170 5.099 5.170 1 12032 Pldellty InetStutlonal Caeh 32.00 32.00 32.00 5.160 5.070 5.160 1 12033 FSdelity IAetltutlollAl Ca6h 80.00 80.00 80.00 5.160 5.070 5.160 1 12036 Fidality Inatltutioml Caeh 193.00 193.00 193.00 5.160 5.070 5.160 1 12035 FSdellty InetStutloml Caeh 793.00 793.00 793.00 5.120 5.050 5.120 1 12036 Fidelity Inetitutional Caeh 341.00 361.00 361.00 5.120 5.050 5.3Y0 1 12037 Fidellty Inatitutianal Cash 19.00 19.00 19.00 5.120 5.050 5.120 1 12039 Pidellty InntitutSoml Caat� 119.00 119.00 119.00 5.120 5.050 5.130 1 12042 I Pidelity Inetitutianql Caeh 703,568.00 703,5CB.00 703,568.00 5.120 5.050 5.120 1 12063 i+Sdelliy Inatitutloml Caeh 50,602.00 50,602.�0 50,602.00 5.120 5.050 5.120 1 12063 A Pidelity Inetitutioml Caeh 167�658.00 167�658.00 167�658.00 5.120 5.050 5.120 1 12066 Fidelity Inetitutloml Caeh 0.00 0.00 0.00 5.120 5.050 5.130 1 12065 Pidellty Inetitutioml Ceah 181.00 181.00 181.00 5.120 5.050 5.120 1 12066 FSdellty Inetitutioml Cneh 30,701.00 30,701.00 3�,701.00 5.160 5.089 5.160 1 SUBTOTALB anC AV8l7AGS8 2,829,926.73 6,082,663.00 6�082�643.00 6,082,6d3.00 5.051 5.122 1 MANAGBD POOL ACCOUIITS 12060 Pac1L1c Horltan Tzeacury Fu 656.00 656.00 656.00 6.900 6.833 6.900 1 120d1 PaclfSc eorison Treaeury Pu 16,738.00 16,738.00 16,738.00 6.800 6.736 6.800 1 """_"_"'__" _"_'_"'_"" '_"_""'_"' """"""" "_"_ "__" '_"__ 90HTOTAL9 and AV�UaBB 17�396.00 17�396.00 17,396.00 ' 17�394.00 6.738 6.806 1 l ✓ 12R09/199fi � City of Ynlm Dseert P!1 - 3 IPVE9y}�{iT pORTPOLIO DHT11IL8 - INV68'd�ffiiT8 CITY NOV&�IDSA 30. 1996 l+CCAVAL INV681TffiNT AVBAACE PUACBA88 BTATSD "' Y1M "' MANAITR DAYS NUlIDSR I88U6A eALANCE DATB HOOA VALUS FACB VALUE I�IANYSl VALVB AATfi 360 365 DATE TO MAT '_________________"'_"_"__""_'__"""""'_'____'_""_'_"""""'_"_"_""____"""'_"'_'_"'___""""""""_"__ IACAL A08NCY IPVEB'Affi7T £U[7D8 12000 Locel Agemy Inveetment Pun 13�092�198.62 13�092�198.62 13�092�198.62 5.601 5.526 5.601 1 AVBNAG&S 13,625,531.75 COlA78RCIAL PAPBR - DISCO[RVT 20001 Gatham PunAing Co�arclal P 10/22/96 2,669,163.Z0 2,500,000.00 2,672,500.00 5.350 5.617 5.692 O1/13/97 43 AVEMG&S 2,469,163.20 FEDSAAL AGBNCY I89US8 - COUPOP 16003 I Federal H�a Loan Bank 12/12/95 1,000,075.49 1,000,000.00 1,000,000.00 5.620 5.397 5.672 O1/02/97 32 14005 2 FeAaral B�e Loan Hmmk 12/12/95 1,021,692.16 1�000�000.00 1�009�375.00 6.285 5.608 5.686 07/28/00 1,335 14006 Federal 8ome Loan Hank 11/O1/96 1,998,770.83 2,000,000.00 2,002,500.00 7.250 7.263 7.364 11/O1/OS 1,796 16007 Pedaral eome Loan Bank 10/26/96 3,985�762.36 4�000,000.00 6,008,750.00 5.820 6.019 6.102 11/02/98 701 14001 I FaCeral Pational Mortgage A 12/12/95 1,002,163.28 1,000,000.00 1,000,937.50 5.650 5.386 5.661 10/20/97 323 16002 I Pedaral Patloml Mortgage A 12/12/95 1,067,131.96 1,000,000.00 1,061,875.00 e.C50 5.877 5.958 07/12/99 953 16004 I Fetleral Netianal Mortgege A 12/12/95 1,300,879.33 1,000,000.00 1,093,812.5� 9.050 5.620 5.699 06/30/00 1,226 _'__'_"""""' """""""_ __'_'_'_""" ______'_"_"' _"___ __'___ "'_" eUeTOTALB and AVffiiA088 11�178�507.80 11�176�225.C1 11�176�250.00 11,000,000.00 6.038 6.122 937 PEDBNAL AGBNCY I88US8 - DIBCOUNP 15006 R Federal Mortgage Dineount P 09/13/96 396�610.78 600�000.00 399,080.02 5.330 5.603 5.678 12/13/96 12 AVSRAGEB 628,269.15 � TAE�B[RlY 9%CURITI88 - COUPON 16001 Onited Statee Traneury 10/27/96 1,999,676.71 2,000,000.00 2,006,875.00 6.750 6.726 6.818 02/28/97 B9 16004 Unitad 8tatee Treasury 12/12/95 3Bfi,398.77 385,000.00 386,564.06 6.875 5.335 5.308 02/28/97 89 16005 UniteC 8tatee Treeeury 12/12/95 292,383.61 291,000.00 292,091.25 6.000 5.206 5.319 OB/31/97 273 1600fi A United etatea Treeeury 12/12/95 088,236.86 6BC,000.00 685,815.00 5.875 5.261 5.316 08/15/9B 622 16007 I Uaitad 8tetea Treseuxy 12/12/95 1,026,569.78 1,000,000.00 1,017,187.50 6.375 5.338 5.613 O1/15/00 1,140 16008 R Unitetl 8tates Treeeury 12/12/95 C73,535.07 C45,000.00. 669,753.13 8.000 5.279 5.352 OB/15/99 987 16009 I Unitad Btetae Treaauiy 12/12/95 1,032,896.7C 1,000,000.00 1,030,000.00 7.875 5.312 5.286 Ob/15/98 500 16010 I Unibd Btetce Traa�ury 12/12/95 1�030�d32.32 1�000�000.00 1�025,937.50 7.125 5.472 5.365 10/15/98 683 16031 R United 8tatee Txeaeury OS/03/96 696�211.18 500,000.00 509�218.75 6.375 6.690 6.580 03/31/OS 1,581 16032 A Unitad etat�e Tr�e�ury OS/03/96 396�968.96 000�000.00 607�375.00 6.375 6.690 6.SB0 03/31/OS I�SB1 16036 United 9tatae Treacury OS/31/96 1�998,608.82 2,000,000.00 2,011,250.00 6.000 5.967 6.050 05/31/98 Sd6 ' 16035 Vnitad 8tatee Traseury OS/31/96 1�975�079.61 2,000,000.00 1�988�750.00 5.125 6.061 6.125 03/31/98 685 16036 United States Tremury 06/26/96 2,977,965.91 3,D00,000.00 3,011,250.00 5.875 6.252 6.338 OB/15/9B 622 16037 Unitad Stataa Tr�aaury 06/26/96 2,930,076.72 3,000,000.00 2,970,000.00 5.125 6.316 6.602 li/30/98 729 16038 United etetae Treaeury O6/26/96 1�985�617.82 2�000�000.00 1�997�500.00 5.375 6.052 6.136 11/30/97 366 16039 Unitetl 8tntae Treaeuzy O6/26/96 1,999,606.18 Y,000,000.00 2,007,500.00 6.000 5.950 6.033 OB/31/97 273 16062 Unitad Btatee Treaeury 09/13/96 1�975�777.66 2�000�OOO.DO 1,988,750.00 5.125 6.O6B 6.152 02/28/98 656 16063 United 8tetea Treaeury 09/13/96 2,006,550.Y2 2,000,000.00 2,010,000.00 6.500 5.593 5.670 06/30/97 150 16066 I uniteG etatae Treeeury 09/13/96 1,006,239.94 1,000,000.00 1,005,000.00 6.875 S.C68 5.563 03/31/97 120 �-, 12F09/1996 � � Clty of Pelm Dasart PM - 4 IIN88T[�BNT PORTPOLIO DSTAIL9 - It7V88�18NT9 CITY NOV6lID8R 30, 1996 �� INVS8IMENT AVSAAf� PUAC9A8E BTATSU '-' Y7T1 '-- MATURITY DAY9 NOAID�t I98UER BALl�t7C6 DATS HOOR VALUB FACE VALUE MARRR' VALUE PATB 360 365 MT& TO MAT TASASVAY 88CUAITI88 - COUPON 16065 United 8tatee Treaeury 09/OS/96 1,992,637.50 2,000,000.00 2�015,625.00 6.135 6.270 6.358 08/31/98 638 "_"_"_'_"'_" """_"""' """"""" ""_""""' __"_' ""_' "_"' SUBTOTALS antl AVSRAG&S 28�657�797.21 28�469�065.95 28�636�662.19 2b�505�000.00 5.980 6.063 519 TAEAS[1RY 8%CUAITIBB - DIBCOUNT AV8PAG88 81,421.72 CITY LOAN TO RDA 12001 Aedevelopmeat Agency-Loan 07/O1/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.662 5.538 07/O1/O1 1,673 AVEfUG89 19,000,000.00 """'__""__'_""_'_"'_"""_""""""""""'_""""""__'__""_'__""""_"_"'__" TOLAL INVESDffi7T3 entl AVR. f 78�701�280.76 78�876�507.63 78,687,991.57 78,597,235.62 5.71Bi 5.7988 726 LI ( 12!09/1996 � City of Pelm Dawrt �� PM - 5 INV88'IIffiiT PORPPOLIO DfiTASLB - CABH CI27 NOVElIDBR 30, 1996 ACCItUAL INVEBT!ffiNT AVEMGE PUACBA9S eTA1R0 _'_ p'd�1 "' MATUAITY DAYS NUPIDBEt IBSU&A BALAPCE DATH BOOR VALUS FACE VALUE MARRSl VALUS AATE 360 365 DATE TO NAT _""'_'__"""""____"_""""'_"'___""_"""""'_"_"""""'_"""_'_'__""""""'___""'_'_"_""'__""""_ PA88HOOR/CffiCRSN6 ACCOUATS 13000 Benk of America - Checklaq -178,263.56 0.000 0.000 0.000 13002 Hank of Amezica - 9avinge 825,628.30 2.000 1.973 2.000 """""__" ""_"_""" '__"' "_"' SUBTOTALB md AVERA688 892,563.11 667,381.32 2.516 2.551 Accrued Intarect at Purchaea 87,828.02 """""""""'_"""""'"_"""__"'__..��_"""_"_"_'_"'___"""""_ 7Yri'AL CA6H S 735,209.34 TOTAL CASH and INV88T!ffiMPS S 79,380,554.68 79,636,690.10 L- 12.!09/1996 � City of Palm Ds�art PM - 6 PORTF�IO IMBTdA INVE8IHENP AClIVITY HY TYPE � CITY NOV&DIDSR 1� 1996 - NOV�IDHR 30, 1996 ACCRUAL eTATSO 171AN8ACTION PURC9A8B8 8AL88/Mi11VRITISe TYPB INVB9TMElPf M ISBUSR AATB DATE OA D6P08ITS OA NiT9DAAWALS eALANCB ""_"__""__""'__'__"'____""""_____"""""_"___"""""""""""'"_'""__""""""_"'___""'_"_'___""'_' FIDBLITY TABABUAY POOL (MonNly 8u�ery) 12004 PSCality InBtltutiOml Ca�h 5.170 1.00 12005 Pldellty Inatitutioml Ceeh 5.170 12006 A P19ellty Inetitutloml Ceeh 5.120 Y35'�6C9.00 12007 PSGellty Inetitutiaml Geh 5.120 19,538.00 12009 I Pidelity inetitutional CaeA 5.160 161.00 12010 A Fldelity Inetitutional Caa� 5.110 112,151.00 12011 Fidelity Inatitutional Ceeh 5.140 12012 I F1dellty Inetitutional Caah 5.120 1,692.00 12013 R Fidelity Inatitutioml Caen 5.120 506.00 12015 Fidelity Inetltutloml Cesh 5.120 89.00 12016 I Fidality Institutlonel Ceeh 5.120 3,662.00 12018 R Fidality Inetitutional Ceah 5.120 256,660.00 12019 Fitlality Inetitutlanal Cae� 5.120 1.00 12020 I Fidelity Inetitutlonel Caa� 5.120 27.00 12021 Fidelity Inetitutional Caah 5.160 1.00 12022 A Fidelity Inetitutiannl Cesh 5.120 706�991.00 12023 F1Aelity Inetitutional Cae� 5.120 86.00 12026 Fidality InetStutlonal Caah 5.1]0 5.00 12025 A Fidelity Inetltutianal Caeh 5.120 368.00 12027 R Fidality In�titutional Cae� 5.160 271.00 12028 R Fitlelity Inetitutional Caeh 5.120 669.00 12031 FSdallty InetStutioml Caeh 5.170 68.00 12032 Fidellty Inetitutionnl Geh 5.140 12033 FSCa11ty Iaatltutloml Caeh 5.160 12034 Fidallty Inatltutlonel Caeh 5.140 1.00 12035 FSflellty Inatltutional CaM 5.120 3.00 12036 FSAe11ty Inatltutioml Ceah 5.120 2.00 12037 Pidellty In�tltutioml Ce�R 5.120 12039 PSGallty Inetitutioml Geh 5.120 1.00 12062 I Fidality Inatitutional Geh 5.120 2,667.00 12063 Pidality Inetitutioml Cach 5.120 258.00 12063 A Fidelity Inetitutlonal G�h 5.120 672.00 � 12044 PSdelity Inetit�tloml Caeh 5.120 12065 Pldality Inetitutional Caah 5.120 1.00 13066 Pidellty Inatitutio�l Caeh 5.160 123.00 BUHTOTALB antl BIiDINO HhL76iCE 1,362,232.00 0.00 �,082,663.00 7MNAGED POOL ACCOUNfB (Monthly Su�ary) 12060 Pacific Horison Traa�ury Fu�W 6.900 12041 Pu1£Sc HasSLon Tremury Puntl 6.800 SUeTOTALB md 8NI)ING eALMiCB 0.00 0.00 19,396.00 12�09/1996 � CSLy oL Palm Maart � PM - 7 noxxrot.xo eusxsn xxvsext�tax acrrvrrx sx mxra cxxx lPOVEt�IDSR 1� 1996 - NOV6lIDHR 30� 1996 ACCRUAL @fAT80 TAAPBACTIOP PUACHASL+B BALHS/MATUAITISS TYPS INVSBT!ffiNT N I88USR AATE DATS OA DFP4SIT8 OA WIT�AAWALB HALANCB IACAL Aaffi1CY xNV88'II'�7T FVNDa (rionthlY Bu�aryJ 12000 Local Agency Inveetment PunC 5.601 3,000,000.00 13,092,198.62 PA99HOOR/C�ClCING ACCOONTS (Monthly Bu�ery) 13000 BMk oE AmBlica - Checkinq 0.000 618,690.69 13002 Hank of America - eavinge 2.000 2,608,11A.00 2,000,000.00 8U820fALe and &NDINC HALAPCE 2,608,116.00 2,618,690.69 0.00 CA9H WIT9 TAU8T88 -FIRST TAUBT (Monthly 81�6iy) 24001 CaBh wlth TruaLae 0.000 74002 Cmh wlth Txuetae 0.000 26003 Caeh wlth Truet�a 0.000 26004 Caah vith Trustae 0.000 26005 Caah wlth Tsustaa 0.000 26006 Caeh with Trust�e 0.000 26007 Caeh wlth Truatse 0.000 26008 Cach with Truetee O.D00 Y6009 Ca�h with Truetee 0.001 24010 Caeh wiffi Tzvetee 0.000 ausa�arus ena aimxeo suaiace o.00 o.00 o.00 COHI�RCI7S PAPBR - DIBCOUNT 2�669�163.20 FBDBRAL AGBNCY Ie8US8 - COUPQV 16006 Pederal e�e Loan eank 7.250 11/O1/1996 1�998�750.00 11,176,]25.61 PSD&PAL AGSIiCY I88U8& - DIBCWNT 15000 A Raeolution PD� Corp Fed Bk 5.193 11/14/1996 539�165.68 394�610.78 TA6A&URY e%CVA2TIE8 - COUPQa 16030 R Un1teC 8tetp Tnasuty 6.375 11/16/1996 188�566.77 16033 R UnSt�9 Stat�e Txaaeury 6.375 11/16/1996 3d8,085.22 eUeTOTALB aad BBDING eALANC6 0.00 636�629.99 28�669�065.95 n � 12r09/1996 Clty of Palm Dawrt � PF7 - 6 POM1lTPOLTo MA6T5A INVBSIMENT 1�CfriITY 8Y TYPE CITY NOVSlIDBR 1, 1996 - �IpyEt�gR 30� 1996 ACCRUAL 9TATED TAAHBACTION PUAC6118&8 8ALE8/M7ITOAITISB TYPB ItN88T7�LIT N I89U8A PATE DATS OA DSP082T8 OR WIT�PAWALS BALl�NCH _'_'_____'_'_"""_'_'_____"___"__'__"__""_"'_"_'_____""_'_'__"'_""___'"""_""'_'_'___'____'__"'_'___""_'_'_____ TAEA9URY BBCURITISB - DIBCWNT 17009 A United 9tetae Treseury 5.653 11/12/1996 2Y2,059.23 0.00 CITY LOAN 'jp ppA 19,000,000.00 '_"""""_"""""_""_____'________'__"'_____'___"'__"'_""" TOTALS 5,969,096.00 6,616,345.19 78,701�280.76 F 12/q9/1996 � �� PM - 9 City of Yalm Oe�ert CITY INVEB'II�7T AGTIVITY BUM�AAY ACCAIW. NWH�IDSR 1995 through NW@IDER 1996 YISLD 10 MATUAITY MANAGBD NWIDBR OF NUlIDSR OF AVH[iAGS MONT9 NUlIDSR OR+ 10TAL 360 365 POOL 88CIAiITIES BBCUASTI88 AV6PA6E DAYS TO SND YEAA SECUAITI88 INVS9T8D BQUN BQUN AAT& PURC8A88D MATUAED/80LD TSPl1 MATUAITY _"""""'__"_"_"""_"""'_"""""'_""""'__'_'_""""""___"""'_""'_'_"_'_""_""""'_'_ Nwambei 95 54 62�OY0�526.15 5.737 5.817 5.700 1 3 865 713 Dec�Cer 95 68 71,636,895.19 5.689 5.768 5.602 18 6 905 752 JMuexy 96 66 84�684�612.25 5.642 5.720 5.142 2 6 766 618 FaCrvaxy 96 67 75,923,193.33 5.624 5.702 5.135 d 11 826 669 March 96 69 75,962,211.51 5.598 5.676 5.076 1 3 827 656 Apr11 96 78 75,277,800.04 5.553 5.630 5.171 1 2 835 662 May 96 83 78,SC9,729.59 5.571 5.668 5.175 7 3 853 663 June 96 87 86,019,131.72 5.665 5.766 5.177 5 1 85B 670 July 96 87 86,789�752.15 5.688 5.767 5.138 1 1 870 658 August 96 79 81,992,276.25 5.665 5.724 5.096 0 6 871 657 9eptamber 96 83 BO�B06�935.19 5.709 5.789 5.160 5 3 916 6B3 October 96 83 79,461,918.06 5.689 5.768 5.122 2 2 928 708 Nw�6er 96 80 78,701,280.76 5.718 5.798 5.1Z2 1 5 959 726 """"""""""'_""""""'_""""""""_""""'_'_"""_"__""""_'__"___'_"___ AVSEtAf�B 76 S 78,132,fi20.17 5.6619 5.7359 5.Y179 6 6 868 678 � 12/09/1996 � �� PH - 10 City oI Palm Dawrt CITY DIBTAZBVlIOP OF IPVSB'd�iTB BY TYPB ACCAUAL NW&�IDER 1995 tNzough 11W8�IDER 1996 p{pNq�g ____"'_"'_""""'_"'_'_'_"'_"'_""____" TYY88 OF IIN&e'IIffiiT8 ____"'_____'_""_'__"_"'_""'__'_"___'__" 8ND YBAA BCD 8m ' LA1 LA2 LA5 PA1 PA2 MTN BAC CPI CVM FAC PAD 1RiC TAD lII�l MCl ______"__'___________'__'_____'_____"_'__'________"""'_""_"__"'_____'____""'_'___""""_'__'_'_'_'_""__"'__'_______' Nav�Cer 95 18.5 7.0 0.0 8.2 0.9 30.7 6.1 30.6 Dec�ber 95 16.1 5.9 0.0 5.7 7.3 0.8 33.3 3.5 0.9 26.5 Januery 96 13.6 C.9 0.0 20.1 6.2 0.6 28.2 3.0 0.8 22.5 Fabruaxy 9fi 13.2 6.0 0.0 26.3 6.9 0.7 18.9 2.0 0.9 25.0 March 96 13.2 7.6 0.0 25.1 6.9 0.7 18.9 2.0 0.5 25.0 Apr11 96 13.3 '7.2 0.0 24.9 7.0 0.7 19.1 2.0 0.5 25.2 May 96 9.6 5.2 0.0 25.3 6.7 3.8 22.7 2.0 0.5 24.2 June 96 2.9 6.4 0.0 20.8 6.1 9.2 32.2 1.8 0.5 22.1 Suly 96 d.6 0.0 19.6 6.2 12.3 32.7 1.8 0.5 22.0 Auguet 96 7.9 0.0 20.5 6.6 9.7 31.6 0.3 0.5 23.Y Septembes 96 5.0 0.0 19.8 6.0 6.3 60.7 0.3 23.5 OctoEnr 96 3.6 0.0 20.2 3.1 11.5 1.2 36.3 0.3 23.9 NwBmbei 96 5.2 0.0 7,6.6 7.1 16.2 0.5 36.2 24.1 '_"'_"""__"_""'__""'___"_'_"_""""""'_""'_""""_"___"""""""_"___'_""""'_"""____" AVSAAO88 7.7t 5.7} O.Oi 19.58 0.31 7.1t 3.5t 29.3i 1.Bt O.N Y4.5i HCD - CertlflenCu af Dapo�it - Henk BW - Grtifiwtaa of Depooit - B 6 L LAS - Pidelity Txeaeury Pool L112 - MaeegoA Peel Accovnte LAS - Local Agancy Inveetmant Funde PA1 - PeesEook/CMcking Accomte PA2 - CeBn WStn Tivatae -Pliat Truat t� - Madlum TeTm 6otaB eAC - Bankere Acceptencee CPT - Co�arclel Paper - Int�saet Beuing . COM - Co�erclal Papar - Diacount PAC - PeAarel Aqancy Ia�u�e - Coupon PAD - Pedesnl Agancy Ieews - DSxwat TAC - Tras�ury Bxuritiae - Coupoa TAD - Tteaeury exurltioe - Diwount I�IDl - Treesuxy BxuritL� - T-BilU MC1 - CSty Loan to NOA / " 12/09/1996 PM - 11 CSty of Palm Dacert CITY INTSA88T SARNIHOB 6UMApAY ACCRUAL NOVEMBHR 30, 1996 M�NTH ffi7DIP0 PIBraT. 170VPvt�IDHR 30, 1996 Y&AR TO DAT& CD/COupon/DSeCount InwBtmBnte: Intereat Co11xUE 3 210,218.05 S 3,015,219.38 PLUS Accrmd Iniaraat at End of Parlod 2�316�326.25 7,316,326.25 LE88 Accrued Inbreat at HeglMing of Pariod ( 2�219�BB9.92) ( 1,7B1,128.00) _""'"'_'___"'__ ____"""'___"__ IntoTaet 8A2'ned dusing Peilod j 306�656.38 1�568�617.63 AG7lI8TeD Dy Premiums anC Diacounte -3,764.58 -16,262.57 ADJUBTSU by Cepital Galne or Loceae 12,606.23 16,627.68 """""'_""_" ________"__""" Sarninge tluring Peiiod 313,294.03 ; 1,568,782.74 """'..........e .....a............ Mortgaga Becketl eacuritiee: Intareat Collxtad ; 0.00 S o.00 PLUe Mcrued Intare�t ei Snd of Pazlod 0.00 0.00 LE88 Acczued Intereet et Beginning of Period ( 0.00) ( 0.00) ""'____"'__'___ ""_"""___"'_ Intereet 8arnetl Guring Perlod 3 0.00 0.00 AA7179TSD by Pzemiome end Diecounte 0.00 0.00 ADJUBT&D by Cnpital oaine ox Loceee o.00 0.00 _""""""'__" """__"'_"_"' 8arninge EurSng ParSod 0.00 S 0.00 Caah/ChaCking Accounta: Intazaet Co1lacTwA 3 0.00 ; 563,287.87 YLU9 AccrueA Intareet at Bnd of Periotl 658,666.27 658,666.27 L88B AccrueE Intereet at Beglnnlag of Puiod ( 382,770.6Cj ( 560,313.89) """""""""' """"""_"'.._ Inbzeet 8arned during Period S 75,693.63 3 661�638.25 TOPAL Intazeet SernaC during Yariatl S 380,368.01 S 2.009,BSS.BB TOTAL Ajuetmente fram Psemiume and Discounte ; -3,766.58 f -16,262.57 TOTAL Capital anina or Lose�e ; 12,606.23 S 16�627.68 '_"'___""""_' ""'_"__"______ 1oTAL Sarnlage Curing eerlad { 388�987.66 S 2�010�220.99 i/ 12M9/1996 � Aeeee�ant Dletrlct 83-1 �� PM - 2 IIN88TA1BFf P01iTFOLIO DfiMAIL6 - I[N8g1TffiiT8 CSTY NOVEPIDSA 30� 1996 ACCRUAL IAV88TDffiMP AVBAA(g PUAC9A8B BTATED '_' y�y}{ ___ MATI7RIIY DAYB NUlID&R I86USA HALANCE DATE HOOA VALUB BACE VALVS M71A1�T VALUE AATB 360 365 DATE TO MAT ____'_"_""__'________'_"__'_____'__'__""_"'__"___'_'_"'_"'___________""_____"'_'__'_'_'_"__'__"_'_'______"'__"___ FIDBLITY Tf�ABURY POOL 12027 R FiGellty Inetitutioml Caeh 65�398.00 65�398.00 65�398.00 5.160 5.070 5.160 1 12034 Pidallty Inetltutioaal Caeh 193.00 193.00 193.00 5.160 5.070 5.160 1 "_'__""_""_' """'___'_'__ _"""""_" """___""' '_"'_ __"_' '_'_" eUBTOTALB and AVSPAG88 65,337.13 65�591.00 fi5�591.00 65�591.00 5.070 5.1a0 1 """"___""_""""""""""""""__"""""'_"_""""___'_"'"""_"'_'__""_"""" TOTAL INVSe�7T8 and AVG. 3 65,591.00 65,591.00 65,337.13 65,591.00 5.070! 5.160i 1 / � 12/09/1996� � Auw�t Dieirict 83-1 � YM - 3 IPV887TffiiT PpRTpOLIO DETAIL9 - G89 CITY POVEI�IDEA 30, 1996 HCCRUAL INV88TAffiHT AVEAAGE PURCBABE BTA'1'SD '__ ya,{ "' MAIVAITY DAYS NUlIDSA I88UBR BALANCE DATS HWIC VALV& FACB VALVS MAARET VALUE MTS 360 365 DATE TO MAT '__'_"'_"__'_'____'__________'_'__"_________"_'_'_"'_______'_______'_"_""________'_"'_______""_'______"_""_____""_ CASH WIT6 TAU8T8fi -FIRBT TAUST 24002 Caeh with Truetee 0.77 0.000 0.000 0.000 AVSRA688 0.77 _'____'__"__'__"______"_"_'_'___"'_'__""""""'__'___'__'_____'__"'_'__'_________'_____"__'_' TOfAL CA86 an6 INVSBTA�lTPB ; 65�337.90 65�591.77 / 7. 12M9/1996 �� 1995 Aefunding HOMe 86-1-R PM - 2 INV&81TTi6lPP POATPOLIO OETAILe - INVBB'14ffiiT9 CITY NWBPIDffit 30� 1996 u�� SNV&81TIENT AVSPA(S PUACBA88 BTATED --- Y7M '-' MATUAITY DAYS NUlIDER I8SU8A HALAPCE DATE HOOR VALVE FACE VALUB MARAL^P VffiUE AATB 360 365 DATE TO MAT FIUELITY 1716A8VRY POOL 12025 R PSdallty Inetitutiopel Cseh 86,816.00 86,816.00 86,816.00 5.120 5.050 5.130 1 12035 FiQelity Inetitutlonnl Cash 793.00 793.00 'l93.00 5.120 5.050 5.120 1 � '_"_'____'_'_"' "'_'_"_""_ """"""'_ "_"""_"'" """ '_____ """ eUeTOfALB and AVSFhG83 87,281.60 87�609.00 87�609.00 87�609.00 5.050 5.120 1 TAEASUAY 6ECUAITIBS - COUPON 16032 R United 8tatee Traeaury OS/03/96 396,968.94 400�000.00 407,375.00 6.375 6.�90 6.SB0 03/31/OS 1,581 AVBIUGEB 396,941.16 """"""'_"""'__'_'_"_""'""""""'"""'_"""""""""'__"""__"__"'"""'""""'_" TOTAL INVSBaffi7T8 nnd AVO. = t86�577.96 49��981.00 686,222.56 487,609.00 6.2309 6.316\ 1,295 � !' 12M9/1996 � 1995 RafuMiag HonQe 86-1-A PM - 3 ZNVBB'Ri6NT PORTFOLIO DSTAILB - C119H CI1Y NOVBMB&R 30, 1996 ACCAUN� SNV&STI�NT AVSAAOE PURCHA88 ' BTATSD ___ ya.{ _" MATl7AITY DAYB NUDIDSR IB6V6R HALANCS DATB BOO1C VALVB PACS VALUB MAAlCBT VALUE P11TS 360 365 DATE TO MAT '___"_______'____'__'_____'___""_'__"_"__'___'_'_"_"_""___'__"_'__'_'__"_"__"'__"__'_'__'_""__"_"'__"'_'_'_____ G9H NITH TAUBTSS -PIABT TRUBT 24001 Caeh wlth Truatae 1.12 0.000 0.000 0.000 AV6RA689 1.12 "'__'______'__'_'__________'__"___'________"""""'_'_"_"'____'__""_"__"__"__""""'_____' T4fAL CABH antl INV881MBNT8 3 A86�223.66 684�579.06 � . 12I09/1996 ..�.. AD 87-1 PM - 2 IPVEBTHEIPf POATPOLIO DSTASLB - IPV&8'dffi7T8 CI1Y NOVffi�8A 30, 1996 ACCR011L INV881Tf8NT AVBAAfIIt PUACBASS 8TAT8D "' Y1M -" MATUAITY DAYS NUt�EA I88U8A BALANCE �ATS HOOR VALUS PACE VALV& MAARSP VALI7S PATE 36D 365 DATB 'N MAT '___"___"'_'_'_______'_"'_"_"'___'__"'_____'__'_'___'_____'______'_'____'_'___"'______""___"_"'_"'__'___"""'_____'_ FSDELITY TI�ASUAY PO�L 12028 R F1Eellty Iaetltutioml Gah 166�395.00 166,395.00 166�395.00 5.120 5.050 5.120 1 12036 PSdellty Inetitutionnl Ceeh 341.00 361.00 341.00 5.120 5.050 5.120 1 """"""'_'_' _'_"__"""_ """"""" """"""" """ """ """_ BllBTOTALB anA AVSRA6E9 166,309.73 166,736.00 166,736.00 166,736.00 5.050 5.120 1 HANAC&D PpOL ACCOUNTS 12060 Paclfic 9ozizon Trsaeury Fu 656.00 656.00 656.00 6.900 6.833 6.900 1 120d1 Pacific Horizon Tneeury Fu 16,738.00 16,738.00 16,138.00 6.800 6.736 6.800 1 _'__"'___'_""' "'_'__""_" "__""'_"" "'_"_""___ ""'_ """ ___"' 3UHTOTALB and AVEAA6S8 17�394.00 17,396.00 17�394.00 17,396.00 6.738 6.806 1 '_"'_""'__"""___"""""""""_'_"""__"""""_'_"'__""'_"""_"""'__""'_"" TOTAL INVEBII�ffi7T8 anA AVG. = 186,130.00 186,130.00 183�503.73 186�130.00 5.0204 5.0904 1 � � 12GU9/1996 � AD 87-1 � � - 3 INVE81TT�77T pppTPpLIO DETAILfi - G89 CI7Y NOV&t�BR 30� 1996 �� INVS9TMF:NT AVBAAf� PUAC9A9S BTAT%D '_' y7T1 "' MATURITY DAYS NUFIDER I881IER HALANCB DATE H00& VAI,UE FAC& VALUS MAPl�.'i' VALUE AATE 360 365 DATE TO MAT ""'__________'______'__"""'__'_'__"'___"'_____"'_'______"'_"'_"_'______"__"___'"'_"'____'____""___'___'___"_'___'_ GSH WITH TRU8TB8 -PIRBT TRUBT 24009 Cash wlth Truetee 0.57 0.001 0.001 0.001 AVSftA0E8 0.57 "_"'_'_'__""""_"'_""_'_'___"""""_'_'_""""'__""'_""_""""_"_"""_"""""" TOTAL CA86 anA INVS81M6NT9 S 183,506.30 186,130.57 """�"'�"""""��"'�'..�..�....""�"�"�""""..�..."""�'.........""'�'.�"�........:... � 12�r09/1996 � Indian Aidge 91-1 eeriae A � � - Z IPV88TFffiNT PBtTFOR�IO DSTAIL9 - INV88'Affi�'P8 CI77 IIOVEI.IDBR 30, 1996 ACCRIIAL INV89Tt�ffiMP AVSMGB PUACHABE BTATSD '_' y.dq ___ MAIVAITY DAYS NUDIDBR I88U8R HALANCE DAT& BOOR VALUB PACB VALU% MAAREf VALUB AAT& 360 365 DATE TO MAT "___'_'_'_""'_""'_'_"""""__""""_'__"""'__"'_"""'_"""""_"'__"'_"""'_'_'_"___"'__"""""""_"' FIDBLITY TASAeURY POOL 12015 FSdellty Inailtutioml CeeL 631.00 631.00 631.00 5.130 5.050 5.120 1 12016 I Pidellty Inetltutlonal Caeh 742,218.00 762,218.�0 762,218.00 5.120 5.050 5.330 1 12022 R Pidelity Inetltutlonal Caeh 766,316.00 766,31d-00 766,316.00 5.120 5.050 5.120 1 "'"___"______'_ _""'_""'_' ______""____ _"'�"'_____ ""__ '_____ '_"__ 9UBTOPALS antl AVffiIA6&e 805,803.80 1,509�163.00 1�509�163.00 1,509�163.00 5.050 5.120 1 PEDSAAL A�BNCY I98UHS - DI9CWHT AVSRRG88 233,638.37 TREASURY BBCURTTIBS - COUPQi 16031 A Unitad Statae Treaeury 05/03/96 696,211.18 500,000.00 509,218.75 6.375 6.690 6.580 03/31/O1 1,581 AV8PA088 496�176.43 "'_""""'_"""_"""'_""_'__""""_'__"_'_"""""__'_"__'__""'_"'_____""'__'__'_ T01AL INV889�ffiiT8 end AVG. ; 2,005,376.18 2,018,381.75 1�575�618.61 2�009�163.00 5.606R S.dBli 392 � ' 12G09/1996 � InEian Aidqa 91-1 eariaa A PM - 3 INVBB'II�ffiIT POIa'POLIO DBTAIL6 - CA88 CITY POVElIDBA 30� 1996 ACCAUAL INVESTMENf AVSR71G8 PURCHlf88 eTATBD -" YRM "- f9ATWtITY DAYe NUAIDHR I88VSR HALANCE MT& HOOR VALUS FACB VALUB MARRL/l VALV6 AATS 360 365 DAT6 TO MAT CABH WITH TAU8T8S -FIABT TA08T 26006 Cee� with Tzuetae 1.37 0.000 0.000 0.000 AVSPA088 1.37 ""_""""'_""""'_"""""""""_'_""'_""'__"""""""""__""____""'_"_""'___' TOTAL CASH and INV88TI�NTB 1 1�575�619.98 2�005�375.55 / ' 12/09/1996 �� Iatlian Aldq� 91-1 9erlac B PM - 2 INVBBTI�IIT POAITOLIO OHT712L8 - INVES'II�ffi1T8 Cl2Y NOVEMIDHR 30, 1996 ACCRUAL INV&STPffi!iT AVBPA� PURCHA6E BTAT� "' Y'dA "' MAT013ITY DAYS NUMBBR I88USA eALANCB DAT& BOOA VALUfi PACS VALUB M7fIil�T VALU& RATB 360 365 DATE TO MAT """""'_""""""'_""_""""""_"""""_""'_""""""""""""_"""'_""__'_"""""""_"""'_""' PIDBLITY TR6A8UAY POOL 12062 I Fidality Inatltutipml CeaR 703�568.00 703�568.00 703�518.00 5.120 5.050 5.120 1 12063 Fidelity Inatltutioml Ge� 50�602.00 50�602.00 50�602.00 5.120 5.050 5.120 1 12063 R Fidelity InetStutioml Cae� 167,658.00 167,658.00 167,658.00 5.120 5.050 5.120 1 12066 Fidelity Inetitutioml Cea� 0.00 0.00 0.00 5.120 5.050 5.120 1 """"""""' """"""'" """"""" """"""" """ """ ""..� 8V8T0'fALB and AV8RAa89 918�250.80 921�608.00 921�608.00 921,608.00 5.050 5.120 1 F&DHAAL AG&NCY I9SU&8 - COI7P@7 16003 I Fedaral H�e Loan eank 12/13/95 1�000,025.49 1�000�000.00 1�000�000.00 5.420 5.39) 5.472 O1/02/97 32 16005 I Pederal eoms Loen Bank 12/12/95 1,021,d92.16 1,000,000.00 1,009,375.00 6.285 5.608 5.686 07/28/00 1,335 1C001 I Psdaral Natioml Nortgege A 12/12/95 1�002,163.28 1�000�000.00 1�000�937.50 5.650 5.386 5.661 10/20/97 323 14002 I Federal Natlonal Mortgago A 12/12/95 1,067�131.96 1,000,000.00 1,061,875.00 8.650 5.877 5.938 07/12/99 953 16006 I YBAeiel Pat1oM1 MOitgege A 12/12/95 1�300,879.33 1,000,000.00 1,092,812.50 9.050 5.620 5.699 04/30/00 1,226 '_""_""""_' "'_"__"_'_' """""'_" '_"""""" """ _"_" "____ SUHTOTALB and AVSPAGE9 5�196�283.66 5,191�692.22 5�165�000.00 5,000,000.00 5.582 5.660 787 TASABVRY 88CVAITI89 - COUPON 16004 United Btatee Treaeury 12/12/95 386,398.77 385�000.00 386�566.06 6.875 5.235 5.308 03/2B/97 89 16005 United 8tatee Tieaeuiy 1Y/12/95 292,383.61 291�000.00 292�091.25 6.000 5.266 5.319 OB/31/97 273 16006 R United 8tatae Treuury 12/12/95 688�236.86 C86�000.00 485,815.00 5.875 5.2C1 5.316 08/15/98 622 16007 I United etatae Traeauxy 12/12/95 1,026,569.78 1,000,000.00 1,017,187.50 6.375 5.338 5.613 OS/15/00 S�1C0 16008 A United Stetae Traeauxy 12/12/95 673,535.07 665,�00.00 669,753.13 8.000 5.279 5.352 OB/15/99 9B7 16009 I Unitad 8tetae Traeeuxy 12/12/95 1,032,894.76 1,000,000.00 1,030,000.00 7.875 5.212 5.286 Od/15/98 500 16010 I Unitad etato Treaeury 12/12/95 1,030,632.32 1,000�000.00 1�025,937.50 7.125 5.272 5.345 10/15/98 683 16066 I Unitrd Statea Trreaury 09/13/96 1�006,239.95 1,000�000.00 1,005,000.00 6.875 5.668 5.563 03/31/97 120 """"""""' """""""' """"""" """"""'" """ """ """ BUHTOTALB anQ AVBAAGEB 5,737,960.76 5,736,691.10 5,712,348.66 . 5,605,000.00 5.301 5.375 592 __"________________'___'_'___'____"___"_______'_______""'__"'_'_"__"_'___'__'_"""""'___' TOT.IL INVEBa�ffi7T8 entl AVG. S SS,B67,991.32 11,798,956.6! I1,B50,C94.98 11,526,608.00 5.605t 5.480\ 632 12�09/1996 � Indlut ffidga 91-1 8ezi�e B � PM - 3 II7786'd/61iT PORTPOLIO DBTASL9 - G89 CSTY NOV&�IDBR 30, 1996 ACCRUAL INV89TMENT AVSAA(ffi PUACHABE BTATSD '-' Y'II�1 --- IMTUAITY DAY9 NVlIDBR I88U8A HAL1fNCE DA1B HOOR WS.VB PACE VALUE MAARET VALUB AATS 360 365 DrTS TO MAT CABH NITB TRUSTBB -FIABT TRUBT 26010 Ceah vith Truatae 1.C2 0.000 0.000 0.000 AVffi2AOE8 1.62 '_'_""'__'__'___'_"'_'_'_'_"'____"___'_""_""""'_"""""'__'__"__"_____"_""_"________ TOTAL CABH aatl INV88Tt�NTB = 13�850�496.40 11�847�992.74 12/09/1996 8larre Nove 92-1 � � PM - 2 IPV88TTffiNT PORTPOLIO DSf11IL8 - INVBg'a.�g CITY NOVBlIDBR 30, 1996 ACCRIW. INVB9Tt�Mf AVBPAOS PURCBABE BTIITSD "' Y1N "- MA7VRITY DAYS NUlIDBR I88U&A BALANCS DATE BOOA VALUE PACS VALUS MAAREP VALVE AAT5 360 365 OATE 'N M71T FIDBLITY TPSABUAY POOL 12006 Fidelity Inetltutlonal caeh 52.00 52.00 52.00 5.170 5.099 5.170 1 12005 Fidelity Inetitutloml CeM �9.00 C9.00 69.00 5.170 5.099 5.170 1 12006 R Fidelity Inetitutlonal Caeh 245,233.00 345,233.00 265,233.00 5.120 5.050 5.120 1 12007 Pltlality Inatltutloml Caeh 19�603.00 19r603.00 19�603.00 5.120 5.050 5.120 1 12005 FSGelity Inetltutloml Caeh 181.00 181.00 181.00 5.120 S.O50 5.120 1 ___'_____________ _____"__"_" "__""""'_ '__'__'__""_ _""' "'_" _"'_' BUBTOlALe and AVffitAGES 26,950.93 265,118.00 265,118.00 265,118.00 5.050 5.120 1 TA8718URY 9SCURITIHB - COUPON AVB[Ua89 107,500.68 ""'"'"'"""""""'_"""""'"""""'_'_"____"__"""_""""""_""'_"_"'_""_'___"_"'_' TOTAL INVBB�VTB end AVG. = 265,118.00 265,118.00 136,651.61 265,118.00 5.0508 5.12W 1 12i09/1996 Blacra Hova 92-1 � PM - 3 IINB9'dffiV'f POACPOLIO DETAILB - U'18H CI1Y liOV8PID8R 30� 1996 ACCR�tzt. INV88T!ffiWf AV6EUfII: PUACBABE BTATED "' y7T1 ___ MATVAITY MY8 NUlIDffii I88UER HALANCS MTE BOOR VALUB PACB VALUS MAAl�T VALUE RATB 360 365 DATS TO MAT "_""""'__'_'_____'_'________'__"_'_""______"""'_"___'______"__'_"""__'_"'_"'_'_'_"__'___'____""_"_'_"'_"__ GSH NITB TAU8T8B -PIABT TRIJBT 24008 Caeh with Truetae 2.86 0.000 O.ODO 0.000 AVIDi110B8 2.86 '_"_'_'__'_______"'____'__'________'______'______""""'__'_____'_____'__""_'__"_'___""'_""'_ TOTAL CA89 enE INVSBTAffiNT8 f 134,456.25 265,120.84 12/09/1996 Blg 9orn 9C-1 �� PM - 2 INVB9TlIISRf POATPOLIO DHT71IL6 - INVFSITffiiT8 CITY NOVHlIDBR 30� 1996 ACCAUAL INVE8TMEI7f AVBAA(ffi PUAC9A8E BTATBD "' y'dA "' MATURITY DAYS NUPID8R I88VSA HALANCS DATB BOOR VALVE PACS VALUS M71ARL+T VALUB AATB 360 365 DATE TO MAT _______""_"___"__"'_____"'_'_""___"_""'_""_"__"_"__"_'_"'_"___"______'_"'_""______"'_'_'____"'___""""' PIDELITY TREABURY POOL 12018 R PSGelity Inatitutloml Caeh 320�561.00 320�561.00 320,561.00 5.120 5.050 5.120 1 12019 Fidality InetStutioml Ceeh 99.00 99.00 99.00 5.120 5.050 5.120 1 12020 I Fldelity Inetitutlo�l Caeh 6,965.00 6,945.00 6,965.00 5.120 5.050 5.120 1 12021 Fidelity InetStutloml Geh 7f2.00 242.00 ' 262.�0 5.160 S.OB9 5.160 1 "_'_'_"_"'_"' ""'_"""�.. ..��..��""' """"""" "__" """ ""__ BUBTOTALB and AVSPAc7E9 88,269.27 327,827.00 327,877.00 327�827.00 5.050 5.120 1 FEDBRAL AGBIOCY I88U68 - DIBCOURT 15006 A Federal Atortgage DSecount B 09/13/96 396�610.78 600�000.00 399�080.02 5.330 5.403 5.678 12/13/96 12 AV8PA686 396�610.78 TASABVRY 88CUAITIHB - D28COVNT AVffiiA688 81�621.72 """""""_"""""""""'""""""""""""""""""_"_"'_"_"'__"""_""""' TOPAL IINBB'IIffiiT8 end AVG. 3 722�637.78 726�907.02 . 564,301.76 727,827.00 5.263i 5.3151 7 � � 12/09/1996 � Biq Horn 91-1 PM - 3 INV89'IIffiVT POAfiK7LI0 DSTAILB - CA90 CITY NWBPIDffit 30� 1996 11CCRUAL IRVH3ITffiPT AVSAA(� PURCHABE BTATSD '_' Yqd _'_ MAIVRIIY DAYB INlIDER I88U8A BALANCE D71T8 BWQC VALUH PAC& VALUE M71Ii1�T W1LU8 FATB 360 365 DATE TO MAT 'U86 WITH TRUBTSE -FIRBT TAUBT 24007 Casn with Trvatre 1.10 0.000 0.000 0.000 AVSPA0S8 1.10 ""___"__'_'_"_'_"__""""""____'_"_"""'_"_"_"'_"__'___"""__"""'__'_""""'_'_'_ TOTAL CA9H end INV88TI�NTB f 564,302.86 723�638.88 . 12/09/1996 � 8untazr�ce 96-] PM - 2 INV88TAffiNT POATFOR�IO OETAILB - IIN887Tffi1T8 CITY NOVSFIDBR 30, 1996 ACCRUAL INVESTMENT AV6PAG8 PURCBAB& � BTATBD "' y7M _" MATUAI27 DAYS NUDIDBR I88VSR eN.ANCB DATE HOOA VALUS PACB VALUB MAARET VALU& AATB 360 365 DATS TO MAT '___"___"""_'_'__"__'_""""""'_"""""""""""""'_'_"""""""_"'_"'_""""_""'_"'_"_'__"""""_ PID&LITY TNEMUAY POOL 12009 I Fidelity Inetltutioml Caeh 33�853.00 33,853.00 33�853.00 5.130 5.070 5.160 1 12010 A Fidelity Inetitutloml Cee� 126,623.00 126,623.00 126,623.00 5.1d0 5.O10 5.160 1 12032 Fldality Inetitutional Cae� 32.00 32.00 32.00 5.1{0 5.070 S.1C0 1 12033 Pldelity InetStutloml Ceah 80.00 80.00 80.00 5.160 5.090 5.160 1 "_'___""""" _""""""' '_"'_'__'_'_' '_"""""" ""_' __"_' "'_" SI1HTdPALS and AVHEIAGBS 55,782.13 160,588.00 160,588.00 160,588.00 5.070 5.160 1 TASA9UAY SBCUAITIEB - COUPQ7 AVSIiAG88 81�700.37 "_"_____"__'______'____'___'______""____"""'__"'____"""_'__'__________'____"__"'____'__ TOTAL INVSB'd�HT6 and AVG. S 160�588.00 160,SB8.00 137,482.50 160�588.00 5.0706 5.160E 1 .,, � 12/09/1996 —.. 8unteaaca 96-2 PF1 - 7 IIN681fffi7T PORTPOLIO DHTAIL9 - G89 CITY lmVBt�ER 30, 1996 ACCAUAL IPVSSTMBNT APBRA06 PURCB7�8& BTATH� "' y'p{ __' MATUAITY DAYS NUHBHR I68USA HALANCB DATE BOO1C VALUE PAC6 VAL[7S MAA10Ef VALU& FATB 360 365 DATE TO MAT '_""'_""""'__'_""_____"""'____'_'_"""""'_"""'_"'_""'_""""_"'_""___"_"_"_"__"___""'_'_""_'___' CASH WITH TAU8T88 -PIABT TRUBT 26006 Cash W1t11 Trvotea 1.77 0.000 0.000 0.000 AVBFIIAGSB 1.77 """"""'___""'__""""__"""""""_"_'_'_"""""'_"_""_'_""_"""""'_'__""_"' TOTAL CABH and INV88Tt�lPfB S 137,486.27 160�589.77 .�.s.�.........."""""""""Q"......"""""'..�....:..."""'«.....e"�""""e..�a�.��.. ' 'i 12/09/199fi � Mareno 96-3 PM - 2 INV89T!ffiRT POATPOLIO DSTAILB - INV88T!ffi7T8 CITY POVBMBHR 30� 1996 ACCAUAL INV$81T16NP AVSAACE PUAC9A� � STATSD --- Y'IIA --' MATURITY DAYS NUlIDfiR I89U&A BALANCE DAT% HOO1C VALU& FACfi VALVE MAHIQ�T VALVB PAT& 360 365 DATB TO MAT "'__'_____'__""_'__""""""""'__'_""_"""___"""""_'__""'__"""""""""'__""_"""_"_'_______"'_"_' FIDSLITY 1R�A8URY POOL 12011 Fidelity Inatltutional Caeh 18.00 18.00 18.00 5.340 5.070 5.160 1 12012 I Fidellty Inetitutianal Caeh 387,119.00 387,119.00 387�119.00 5.120 5.050 5.120 1 12013 A Fiaality inetitut7,om3 Cpqh 125,476.00 12S,U6.00 125,d76.0o 5•lZo 5.050 5.1a0 1 12031 F1de11ty Inetltutioml Caah 12,057.00 12,057.00 12,057.00 5.170 5.099 5.170 1 12037 Fidellty Inetitutloml CaBn 19.00 19.00 19.00 5.120 5.050 5.120 1 "_'_"""""'_ "'__""'_"_ ""'__""'_" '__'____""__ ""'_ '"'"" """ 8UBTOTALB and AVEFAOHB 522,628.20 526,689.00 526,689.00 524�689.00 5.051 5.121 1 � """""""...."`_'..'�"""""""""""'..__"""""""""""""""""""""""""" TOfAL INV88'AffiNTB and AVG. i 526,689.00 526,689.00 522�628.20 526�689.00 S.OSlt 5.1216 1 �9 < 12/09/19% � Maieno 96-3 � PM - 3 Ipygg'd�ffi7T P01CfPOLIO OfiTAILB - C118p CITY NOV8t�8R 30, 1996 ACCAVAL INV83TPffiNT AVHFAG6 PUAC9A8& 8TAT50 -" Y1M '-' MATURITY ➢AYS NUMBSR IBSUBR eALANCe DATS e00R VALUB FACB VALUS MAARsT VALUB MT5 360 365 DATfi TO MAT """_"""""""'__"""__"'_'_'___"""'_"""_""_""""""'_""""""'__"""__"""'_"_"_'_'_""""""_ CASH WIT9 TAUSTSE -FIABT TRUBT 2<005 Cach with Truatae 3.72 0.000 0.000 0.000 AVSNAOSB 2.72 ""_"__'__'_____________'_"_"""_'_"_""_'_""""_'_"'____________""'__'_""__"_"_""'___ TOTAL CASH md INV&8T[�IPfB S 522�630.92 526�691.72 '�""'�""""�'.�"""""""""""""""'�'...�""��"'.�"�"�"'��'.�"�."�"""".��s.a= L 4� 17/09/1996 �� 95 ASV HPD: 83-1� 8d-1-A� 87-1 � PM - 2 SPV881TID[7T P�ITPOLIO DSTI�Iyg - IM�86'dffi7TB CITY BOVSlIDBR 30. 1996 ��Uu IPVBSTME[iT AVSAA6E YUPC9118S 8TAT6D '__ y�p,� '__ MATURSTY DAYS M7AIDEA I88USR BALANC6 DATS HOOR VALU@ FACB VALUE MARRET VALUE RATE 360 365 DATS TO MAT '___'_'___'__"'__""_"_'_________'_________'__'_"'_'_____'___"__"__'__'__"____'____'_"'________'______"'____'__'______'__ PIDELIT7f TREA3URY POOL 12023 Fidelity Inetltutloml Cee� Y1,199.00 21,699.00 21,699.00 5.120 5.050 5.120 1 12026 Fidelity Inetltutloml Ca�h 1�395.00 1,395.00 1,395.00 5.120 5.050 5.120 1 12039 Fidallty 2Aet1tut1onal CaBt1 119.00 xx9•00 119.00 5.120 5.050 5.120 1 12066 FSdelSty Inetitutloml Cash 30�701.00 30,701.00 30�701.00 5.160 S.OB9 5.160 1 "_'___'___"'_" _'_____'_"___ _'__'__"__"' '_____________ _____' '_____ '_____ eUB7VLAL8 end AVEAA0B8 53,513.33 53�716.�0 53,716.00 53,716.00 5.072 5.163 1 ____"_"""_""""'_"____________"'___"""_""_"""'_""""__'_""""'_'______________ TOTAL INVBSTMM�i'fB aM AVG. S 53,716.00 53,716.00 � 53,513.33 53,716.00 � 5.077i 5.1638 1 �� 12)09/1996 95 ASV H�s 83-1, 86-1-A� 87-1 PM - 3 INVEB'dffi7T PORlPOLIO DETAILB - C718H CITY IPOVSlIDSR 30� 1996 ACCRVAL INVB87Tffi1Pf AV8AA0& PUACHABE BTAT&D "_ yp� '__ MATURITY DAYS NUbIDBR I88U8R BALAl1C6 DATE BOO1C VALUB FACS VALUS M71AlQ�.T VALUS MTS 360 365 DATB TO IMT '_'__'___'___"__'_'__'_'__'__'_'_"""_""_'_'_"___"""""_'_""'___"___'__""___"'___"_____'____""""_'____'____" CA89 WITH TAU8TS8 -PIPBT TAV9T 26003 Ce9h vlth Tivstee 2.90 0.000 0.000 0.000 AVSItAGE9 2.90 '__"__""""""'_""""""__'_"'_"""""_"""_"'_"___"'_"_"_"""""""_"'______'_ TOTAL CA89 md INVS8ITffiNTB { 53�516.23 53�716.90 / f 12/09/1996 Clty Oanarnl Fund PM - 2 INV68RTffiVT POATFOLIO DSTAILB - INVE9'II�ffiVTS CITY POV5lIDH[t 30� 1996 ACCRUN. INVEBT!ffiIiT AVERA(i8 PUACBA88 BTATSD '_' y� ___ MATURITY DAYS NUAIDHR I89USR HALANCB DATB BWF VALUS FACH VALUS MAA1�T VALUS RATS 360 365 DATE To MAT _______'_"__"___""_'_""______"__"____'__""_____'_""'_""_"""_"_'__"_'_'___"___"____'_""_'_'____"_________"'_ LOCAL A68NCY INVEB�IIT PUNDB 12000 Local Agency Invaetmant Fun 13,092,198.42 13,092,198.42 13,092,198.62 5.601 5.5Y4 5.603 1 AVEPA688 13,625,531.94 CWAffitCIAL PAPBR - DIBCOUNT 20001 Oothem FuMing Co�ereial P 10/22/96 Z,E69,163.20 2,500,000.00 2,672,500.00 5.350 5.617 5.692 O1/13/97 43 AVSPA�88 2�469�163.20 PSDBAAL AGBNCY I88UH8 - COUP41 16006 Peds=al Homa Loen Bank 11/01/96 1,998,770.83 4,000,000.00 7,002,500.00 7.250 7.263 7.366 SI/01/OS 1,796 16007 FeAeinl Hame LOM HMk 30/2C/96 3�985�762.36 6�000�000.00 6�008�750.00 5.820 6.019 6.302 11/02/9B 701 _"__'___"__'__' ""_"'"""' '_"""""'_ """_"""_ _'____ "__" "_'__ ffi1BTOTALB md AV&PAG88 5,986,226.36 5,98C,533.19 6,011,250.00 6�000�000.00 6.63C 6.524 1,067 TAEABUAY 88CVRITI88 - COUPOli 16001 Unitad 8tatae Traa�ury 10/27/96 1,999,676.71 2,000,000.00 2,006,875.00 6.750 6.726 6.BSB 02/2B/97 89 16036 United Btatae Treecury OS/31/96 1,998,608.82 2,000,000.00 2,011,250.00 6.000 5.967 6.050 05/31/9B 566 16035 Unitmd 8tetae Treasury OS/31/96 1,975,079.61 2,000,000.00 1,988,750.00 5.125 fi.061 6.125 03/31/9B 685 16036 Unitad 8tatae Treaeury O6/26/96 2,977,945.91 3,000,000.00 3,011,250.00 5.875 6.252 6.338 08/15/9B 622 16037 United 8tatee Treacury O6/26/96 2,930,076.72 3,000,000.00 2,970,000.00 5.125 6.316 6.602 11/30/9B 729 16038 Un1toG etatea Traasury 06/26/96 1�985,617.82 2,000�000.00 1,997,500.00 5.375 6.052 6.136 11/30/97 366 16039 United 8tetea Traaeusy O6/26/96 1�999�406.18 2�000�000.00 2�001�500.00 6.000 5.950 6.033 08/31/97 273 16062 Unitad 8tatae Tzeaeury 09/13/96 1,975,777.66 2,000,000.00 1,988,750.00 5.1Y5 6.068 6.152 02/28/98 654 16043 United 9tatea Treaaury 09/13/96 2,006,550.22 2,000,000.00 2,010,000.00 6.500 5.597 5.670 06/30/97 150 16065 Vnitetl Btatae Treaauxy 09/OS/96 1,992�C37.50 2�000�000.00 2�015�6]5.00 6.125 6.270 6.358 OB/31/98 638 "_"_"'_"""' """"""" """""'_" '_"_"_""_' "_"' '_"__ ___"_ BUeTOTALe end AVIDiAOPS Y1,837,518.05 21,861,176.73 22,007,500.00 27,000,000.00 6.137 6.222 656 "'__"""'_'_"""""""'_"'_"'_"""'___"_"""""_'_______""""'_"_""""'_'_"'_' TOTAL INVBSDffilTe and AvO. S 63,387,069.56 63,583,668.62 63,916,637.36 63,592,198.62 5.954f 6.034t 379 ' '` _ 12/09/1996 City Oanarel Pund PM - 3 IN�837T�7T PORTPOLIO DBTAILB - CA9H CITY NOVElID@i 30� 1996 1\CCRUAL INVB87TffiHP AVEAA� PURCHABS BTAT&D -'- Y'AI "- MAIVRITY DAYS NUFOER I88U9A BALIINCE DATS HOOE W1LVS FACE VALUE NAARSP VALVS AAT& 360 365 DATE TO MAT _""'_'_"'_"___'_""""'_""'__"""___""""""'_""""_'_'____""'___'____________"_"_'_"'"'____________'_'_______ PA89BOOE/CHBCRIq6 ACCOUATB 13000 Bank of Americe - Checking -178,263.56 0.000 0.000 0.000 13002 eank o! America - eavinge 825�628.30 2.000 1.973 2.000 '_"_"'_"'_' ___""""__' ""'_ _""' eUBT02ALe md AVHfU0E9 892,546.53 667�366.76 2.516 2.551 Accrued Intaraat at Purchace 87,BY8.02 """""""'_"""""__""""_""""'_'____"_______"""_____"'__'_'_ TOTAL CAS9 j 735,192.76 TOTAL CABH antl INV&8TM6lPle s 66�808�9B3.B9 66�12Y�262.30 '� i- 12/09/1996 �� CITY I.OAP 10 ADA � PM - 2 INV&917�NP FOATFOLIO DSPAILB - IAV881MBNTB CITY FOV&lIDBA 30, 1996 ACCRUAL IPVEBTI�NT AV8PA68 PURC9ABE BTATBD ___ yq.� ___ IMTURITY DAYB NUMBSR I88USR H1ILANCB DATfi HOOR WSUE PACB VALUB MM1�T VALU6 AATE 360 365 DATE TO MAT _______________'___""""_'_"""'__"'__"___"_'__'__""'_'___"_""'_"""""_""""'_"_""'_""_"'_""""_""' CI1Y LOAN 70 RIIA 14001 Aadwalopmrnt Agamy-Loan 07/O1/95 19�000,000.00 19,000,000.00 19�000�000.00 5.538 5.662 5.538 07/O1/O1 1�673 AVEMGSe 19,000�000.00 """"_"_""""""'__'_"""_'_"""""'_"""""""""""_"'___"'_""'_""'_""__ TOTAL INVBB'II�NT6 and AVO. ; 19�000�000.00 19�000�000.00 19�000�000.00 19�000�000.00 5.462i 5.538\ 1�673 . -1 5Z � � �i � � � � ; � ��. g � � a ; g � z � � � � s T Sa � �W 3 � fA N F � � � g � � � � � � � � � i � � �& g z o � � R � ..�..a, � � T � �' � � � � a c � � � � R � w � � � � � � �� ; � � _ � � � � � � � z x G� r m m 01 „ �� '' ' Z = o �p� � '`� o �-� � � �� a � Z �� rn _ m �"i, � e . . . � m � �a: n �� ^�.� �' �$� �.��3$3in �vo � � a 3 � �3p� �� «� � a� ��3�� m 3 '��8' ° � ��. 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I. �� . -�. � Palm Desert Redevelopment Agency Month-end Investment Report November 30, 1996 TABLE OF CONTENTS INVESTMEN'i' INFORMATiON FOR ENTIRE PORTFOLIO Portfolio Master Summary a Investment Port€otto Detaii - Investments 2 Inuestment PortfoHo Detail -Cash 5 Partfollo Master tnvestmentActivity by Type 6 investment Actfvlty Summary 9 Distribution of investments by Type 10 InteFCSt EarningS Summary 11 investment Po►�Tolio Compilance Checkiist 33 INVESTMENT INFORMATtQN BY FUNDBOND 5100 MlpliOTt BOnd 12 S17'.5 MIIIion Band 14 S24 Miilion Bontl 16 S4 MflllOn BOnd 18 Low•Mod Set Aside Refunding 20 1996 DeSert Rose SBMeS A 22 1996 D@Sert RdSe S@rie5 6 23 1996 Desert RoS�ESCrow 24 Blythe County Court AdminiStration Center 25 D8S8Pt ROS@ 2i Palm DeSert OfflCe Complex 29 Self Help 30 •- Redevelopment Agency General 31 City Generdl Fund 32 Ctty Loan to RDA 34 12/09/{996 P� Redevelopment Agency PM - 1 ' POATPOLIO MA9TER SUMMARY ADA NOVP.FIDEA 30� 1996 ACCRUAL AVSPAGE '-'YIELD 10 MATOAITY--- - PERCEPT OF AVEPAOE OAYS TO 360 365 INVES'uAENTS BOOR VALUE POATFOLIO TEAM MATUAITY BQUNAL&NT BQUIVALENT """"__"_"'____"_"""'_"_"'_""'"____""""""'_"'_'_""__"'___'""_"""_""_'__""""___"""'_"'__________ Fidelity Treaeuxy Pool.......................; 32�383�363.00 32.36 1 1 5.053 5.126 Local Agency Inveetmant Funde................; 9,036,13fi.85 9.03 1 1 5.524 5.601 COGuaeiCial Papex - D1aCount..................5 3�352�787.64 3.35 94 35 5,3fi9 5.463 Federal Agency Isauee - Coupon...............E 4�609,936.36 6.61 � 1,028 762 6.080 6.165 Fedaral Agancy Iaeuaa - Diecvunt.............; 30�649�353.86 10.64 96 60 5.295 5.368 Treaeury &acuritlee - Coupon.................E 39,948,036.28 39.92 690 653 5.821 5.902 Treaeury 8ecurltlee - T-H111.................3 288,fie6.12 0.29 213 103 5.389 5.6fi6 _____________________'__'__'_"""""""_"""_"___________""'_"'__"' TOTAL INVE9'Ag[7T8 and Av8FAG85.............; 100,068,296.11 300.009 335 222 5.6858 5.5619 CASH Pacebook/Checking - Na Yield lbtala..........E 663,333.75 0.163 0.165 (not Sncluded Sn yieltl calculatlone) Accrued Intereet at Purchaee.................5 220,038.00 _""'_""_'___"_'_'___"_"_"""__""'_"___"'_'_""""_"__'_"_" TOTAL CA3H and PVAC9A8S INTEASST.............$ 683.371.75 TOTAL CASH and INV&STMENPS.................� 300�751�667.86 MOPT6 E�ING FISrnT. TOTAL EARNINGS NOV&4HER 30 YEAA 70 DAT@ Cucrent Year ; 495�615.44 ; 2�260�693.52 AVEAAOE DAILY BN.ANCB S 99�843�662.43 $ 93�267�701.58 EFR+SCTIVE RAT& OF AETUAN 6.OdR 5.�89 The inveetment portfolio af the P.D. Redevelo�ent Agancy compllee with ite Paul S. GSbeon Inveetment Po]icy and tha Callfornla fiovernment Coda eectione pertaining ta the Treasurer investment of local agency funde. Panding eny tuture actione by ttie Governing Hoard of the Agency or eny unforeeeen cataetrophy, the Aetlevelop�ent Agency hae adequate caen flow to meat 1te expenditure requlr�ente £or the nmct el�[ monthe. OATE Maiket vflluea ece from Fliet Tiuet 6 IDC Datafeed pricing eaivice. 12/09/1996 PO AeEevelopment Agency PP1 - 2 �� INVESTMENT POATFOLIO DETAIL9 - TNVEB'1ME�7T5 �A NOV6PID&R 30, 1996 ACCRUAL INVESTMENT AVEPAGE PURCHASE STATBD '-' ]^1M "' MATUAZTY DAYS NUFIDSR I&4USA HALANCE DATE HOOR VALUB PAC& VALUE MARRET VALUE � AATE 360 365 DATE TO MAR' _"__"'___"________'_"'_"'____""""_"_'__"_'_""__'_____'_'__"'__'__'_"'________'_"_""""_"'__________"_________ FIDELITY TRSASURY POOL 11002 I Fidelity Inetitutloml Caeh 1�596�136.00 1,596,126.00 1�594�126.00 5.120 5.050 5.120 1 11003 R Fitlelity Inetltutlonel Caeh 59,695.00 59�695.00 59,695.00 5.120 5.050 5.120 1 11004 E FStlelity Inetitutlonal Caeh 829,917.00 829�917.00 829�917.00 5.120 5.050 5.120 1 11005 I Fidelity Institutional Cash 158,566.00 158,546.00 158,546.00 5.120 5.050 5.120 1 11006 R FSdelity Inetitutional Caen 12,225.00 12�225.00 12,225.00 5.120 5.050 5.120 1 11008 R Fidallty Inetitutional Caeh 979�652.00 979�652.00 9J9,fi52.00 5.160 5.070 5.140 1 11009 I FSdellty Inetitutianal Ceah 3,687�851.00 3�687�851.00 3,687,851.00 5.120 5.050 5.720 1 11030 I FSdelity Inetitutianal Ceeh C�093,003.00 6,093,003.00 4�093�003.00 5.120 5.050 5.120 1 11011 A Fldality Inetitutionel Caeh 2,028,606.00 2,028,606.00 2,028,606.00 5.160 5.089 5.160 1 17012 E Pidelity InetStutionel Caeh 502,749.00 502,749.00 502,7E9.00 5.120 5.050 5.120 1 11018 Fidelity InetituYional Cash 681,226.00 481,226.00 681,226.00 5.120 5.050 5.120 7 13019 Fidelity Inetitutioml Caeh 41,469.00 61,669.00 61,669.00 5.120 5.050 5.120 1 11020 Fidelity Inetltutional Caen 1.00 1.00 1.00 5.160 5.089 5.160 1 11021 Fitlelity inetitutional Caeh 43�706.00 63�704.00 63,706.00 5.120 5.050 5.120 1 11022 Fidelity Inetitutionnl Cneh 330.00 330.00 330.00 5.120 5.050 5.120 1 11023 Fidellty Inetltutional Caeh 0.00 0.00 0.00 5.160 5.070 5.140 1 11025 FSdelity Inatltutional Caeh 27,916.00 27,916.00 27,914.00 5.120 5.050 5.120 1 11026 Pldellty Inatitutianal Caeh 0.00 0.00 0.00 5.160 5.070 5.100 1 11027 E Fidelity Inetltutloml Caeh 151,903.00 151,903.00 151,903.00 5.120 5.050 5.120 1 11028 Fidelity Inatitutionnl Caeh 100.00 100.00 300.00 5.160 5.070 5.160 1 11029 PSdBllty InBtitutional Cash 657.00 657.00 657.00 5.120 5.050 5.120 1 11030 A Pidelity Institutional Caeh 69,151.00 69�151.00 69,151.00 5.120 5.050 5.120 1 13031 Pidelity Inetltutionel CaeR 20,830.00 20,830.00 20,830.00 5.120 5.050 5.120 1 11032 FSCelity Inatitutio�l Caeh 1.00 1.00 1.00 5.120 5.050 5.120 1 11034 S Fidality Inetitutional Caeh 2,169.00 2,149.00 2,169.00 C.690 6.626 6.690 1 11035 PSd811ty InOtitutiOnal Caeh 8.00 8.00 8•00 6.900 6.833 6.900 1 11036 F1Aelity Inetltutional Caeh 3,962.00 3�962.00 3�962.00 4.690 6.626 6.690 1 11037 Fidelity Inetitutlonal Caeh 0.00 0.00 0.00 5.160 5.089 5.160 1 13038 PSdalSty InatStutional Caeh 224,000.00 226,000.00 226,000.00 5.130 5.060 5.130 1 11039 A Fidelity Instltutianel Caeh 36,202.00 36,202.00 36,202.00 5.130 5.060 5.130 1 11040 Fidelity Inetitutional Caeh 660.00 660.00 660.00 5.180 5.309 5.180 1 11041 T Pidelity Inetitutional Caeh 1�447�640.00 1,447,660.00 1�4d7�660.00 5.130 5.060 5.130 1 11062 Pidelity inatitutioml Caeh 16,083.00 16,083.00 16,083.00 5.130 5.060 5.130 1 11063 Pldallty Inatitutional Caeh 180.00 180.00 180.00 5.160 5.089 5.160 1 11046 Fidality Institutional caeh 2,561.00 2,541.00 2,561.00 5.160 5.089 5.160 1 11045 Pidellty Inetltutlonal Caeh 12,441,534.00 12,661,53d.00 12,441,534.00 5.120 5.050 5.120 1 130d6 Fidality Inetitutlonal Caeh 3,700.00 3�700.00 3,700.00 5.120 5.050 5.120 1 13047 Fitlelity Snatltutional Ceeh 92,902.00 92,902.00 92,902.00 5.120 5.050 5.120 1 11068 Fidelity Inetitutional Caeh 63,006.00 63,006.00 63,006.00 5.120 5.050 5.120 1 11069 Fldelity Institutional Caeh 4'/9�748.00 679�768.00 679�748.00 5.120 5.050 5.120 1 11050 Fidel�ty Inetitutional Caeh 12,802.00 12,802.00 12,802.00 5.120 5.050 5.120 1 11051 Fidelity Inetltutlonal Caeh 29�901.00 29�901.00 29,901.00 5.120 5.050 5.120 1 11052 PSdallty Inetitutional Caeh 2,786,929.00 2,786,929.00 2,786,929.00 5.120 5.050 5.120 1 ""_"""_"'__ _______'_"_" "____""'__' _____'__'_"" """ "_"_ '_"" SI7BTOTALB end AVERAGEe 27�740�868.33 32�383�363.00 32�383�363.00 32�383�363.00 5.053 5.126 1 (.� 12/09I�1996 PD RetlBvela�ent Agency Ph1 - ] - INVSST[�NT POATFOLIO ➢ETAILS - INVHSSMENTS RDA NOVPJ4BEA 30� 1996 ACCAUAL INVE3TMENT AVBAACB PUAC9A88 STATBD -" Y1M -" MATUAITI' DAYS NUPIDER ISSU&R HAI.ANCS DATE HOOR VALUE FACB VALUE MAAKGT VALUE AATE 360 365 DATE TO MAT __""_'___"_""_"__'_"""_""_____'_______""_'_""'_"'___"'__"""""'___""""'_'__""""'_'_""""'_"_'""' IACAL AGENCY INVS97MENT FUNDS 21000 Lmal Agency Inveatment Fun 9,036,136.85 9,036,136.85 9,036,136.85 5.601 5.524 5.601 1 21001 Local Agency Inveetment Pun 0.00 0.00 0.00 5.587 5.510 5.587 1 � "__""_"""" __"'__'_"_" "_"_"____'_ _"'_'_"_"'_ "_"' _'__'_ __"__ 8U8TOfALS and AVSAAGES 9,502,803.52 9,036,136.85 9,036,136.85 9�036�136.85 5.526 5.601 1 CODA1&RCIAL PAPEA - DIBCOUNT 24001 I Amerimn Brand Co�ercial P SO/03/96 1,676�953.75 1,500,000.00 1,677�500.00 5.370 5.656 5.530 O1/16/97 66 26000 I Dupont Co�erclal Papez 10/03/96 1,683�740.00 1,500,000.00 1,689�718.65 5.203 5.260 5.333 12/17/96 16 24002 I General ElectrSc Credlt Cor 10/03/96 392,093.89 600,000.00 393,840.00 5.350 5.658 5.536 02/13/97 76 '_'_'_'_""'_'"_ '_"'_________ _________""'" '""""""'_ ""'" """ "'___ 6UBTOTALB antl AV&MGES 3,352,787.66 3,352,787.64 3,3fi1,058.45 3,600,000.00 5.369 5.663 35 FSDEAAL AGBNCY I89VE5 - COUPON 15008 A Federal Fers Credit 09/13/96 698,556.65 500,000.00 503,125.00 fi.125 6.312 6.600 07/09/98 585 15005 E Fedaral H�e Loan eank 06/16/95 2,119,828.50 2,115,000.00 2,126,916.06 8.105 5.855 5.937 12/O1/97 365 15009 R Pederal H�e Loan eank 30/03/96 798,166.59 800�000.00 830,250.00 6.625 6.680 6.570 OB/20/O1 1,723 15030 A Fedaral 9ome Loan Mortgage 10/22/96 993,386.82 1,000,000.00 996,562.50 5.800 6.123 6.208 03/19/99 838 SUHTOTALB and AVEP7�GES 6,609,191.05 4�609,936.36 6,436,851.56 6�415�000.00 6.080 6.165 742 FEDBRAL A6ENM I88U69 - DISCOUNT 16006 I Fedexel Parm Credit 09/17/96 982,750.00 1,000,000.00 993,600.01 5.600 5.695 5.571 O1/10/97 60 16007 I Pederal 6ome Loan Hank 10/03/96 389,792.00 600,000.00 393�120.00 5.280 5.618 5.694 03/26/97 115 16011 E Federal 8ome Loan Bank 11/16/96 3,967,768.89 6,000,000.00 3,976,799.80 5.180 5.222 5.295 O1/09/97 39 16009 I Fetleral Home Loan Moitqage 10/03/96 388,660.22 400�000.00 391,960.02 5.270 5.606 5.681 00/15/97 135 16010 Z Pedaral National Mortgage A 10/23/96 6,920,402.75 5,000,000.00 4,965,500.19 5.210 5.296 5.368 02/10/97 71 """'""_"'_'_^ ____'_""'__' "'_'___""'_ _'_""'_____' """ _"___ """ SUBTOTALS snA AVERAG&& 9�168,354.87 10�669�353.86 10�698�980.02 . 10,800,000.00 5.295 5.368 60 TASASURY BECUAITI&3 - COUPOt7 17007 I Unitee Statea Treaeury 07/01/96 999,956.63 1,000,000.00 1,006,687.50 6.000 5.921 6.003 11/30/97 366 � 17010 A Unitee Statea Traaeuzy 07/01/9d 699�298.67 692�000.00 708�218.75 6.750 6.165 6.251 05/31/99 911 17012 Z Unitee etatea Treaeury 07/O1/95 1,303,605.27 1,300,000.00 1,307,718.75 6.375 5.807 5.887 O6/30/97 211 17013 R Unites 8tatea Treaeury 07/O1/95 108,210.17 106,000.00 109,557.50 7.750 6.098 6.182 11/30/99 1,096 17015 E Unitee &tatee Treaeury 07/OS/95 231�580.28 231�000.00 232,OB2.81 6.000 5.665 5.726 li/30/97 366 17030 A Unitee Statea TLeaeury 03/02/95 249,527.76 250�000.00 251�486.38 6.373 6.636 6.728 O6/30/97 211 17065 & Unitee Statee Treasury 07/01/95 5,396�600.68 5,390�000.00 5,416,950.00 6.875 6.390 6.478 03/31/97 120 17062 A unitee Statee Treaeury OS/03/96 168,711.80 170,000.00 173,136.38 6.375 6.d90 6.580 03/31/O1 1,581 17063 R Onitea 8tetee Treaeuty OS/03/96 595�453.41 600�000.00 611�062.50 6.375 6.690 6.580 03/31/O1 1,581 �; 12/09Y1996 PD RedBveloFment Agancy YM - 4 '. INV&9TMENT PORTFOLIO DSlAIL9 - IPVEBT[�NTS RbA NOVEI�ER 30, 1996 ACCR77AL INVESTt�@NT AVSPAGC PUAC9A58 STATED "- Y1T] --' MlfTUAITY DAYS NUMBSA ISSUSR HALANCE DATE HOOR VALUE FACE VALUE MAHREP VALV& AATE 360 365 DATE TO MAT ___"__"__"_"___'___'___'_"_""_'_________'_______""__"'_'_"'__'_"____"'____""_____"_'_'__""__'_____________'_""' TAEASURY SSCUAITI88 - COUPON 17066 R Unitee 8tatae Treaeury OS/O6/96 3�973�502.79 6�000�000.00 6�073�750.00 6.375 fi.666 6.554 03/31/O1 1,581 ]7065 A Unitee Statee Treasury OS/17/96 992,625.16 1,000,000.00 1,016,375.00 6.250 6.359 6.667 Od/30/O1 1,611 17066 A UnStee States Treaeury 05/17/96 397,050.06 600,000.00 405,750.00 6.250 6.359 6.667 06/30/O1 1,611 17068 I Unitee states Treaeury OS/20/96 6,997,360.86 5,000,000.00 5,007,812.50 5.625 5.636 5.714 O6/30/97 211 17069 unitee Statea Treaeury 05/26/96 2,003,363.07 2,000,000.00 2,016,375.00 6.125 5.905 5.987 03/31/98 485 17070 Unitee Statee Treaeury OS/26/96 2,006,511.25 2,000,000.00 2,008,750.00 6.625 5.510 5.586 03/31/97 120 17071 Unitee etatea Treaeury OS/2d/96 1,000,611.29 1,000,000.00 7,003,125.00 5.875 5.691 5.770 07/31/97 262 17072 Unitea Statee Treaeury OS/24/96 999,329.14 1,000,000.00 1,002,500.00 5.750 5.769 5.828 09/30/97 303 17073 Unitaa Statea Treaaury 05/26/96 1,003,196.00 1,000,000.00 1,003,637.50 7.500 5.622 5.697 O1/31/97 61 17076 Unitee 6tatee Treaeury 05/30/96 801,565.62 800�000.00 802,750.00 6.125 5.660 5.718 05/31/9l 181 17077 Unitee Statae Treasury OS/30/96 989,216.91 1,000,000.00 993,637.50 5.000 5.900 5.982 01/31/98 426 17078 R Unitee Statee Treeaury 10/03/96 999,668.02 1,000,000.00 1,000,937.50 5.625 5.580 5.658 10/31/97 336 17079 E Unitea 3tatee Treaeury 11/16/96 5�012�965.56 5�000,000.00 5�012�500.00 5.750 6.366 S.d20 09/30/97 303 17080 E Unitee Statee Treaeury 11/16/96 5,018,568.50 5,000,000.00 5,017,187.50 6.125 5.278 5.351 05/31/97 181 '_____"___""" """""'_'_ ""'_"'_"" "'__"_"'_"_ _""' """ __'_" SVBTOTALS and AVIIiI�GES 44�768�894.79 39�948�034.28 40�175�586.07 39,937�000.00 5.821 5.902 453 TAHASUAY S&CURITISS - DI3COUNT AVSFFfGS3 166�102.01 TAEASURY SECUIiITI83 - T-HILL 18020 Unitee 8tatee Treaeury OB/13/96 218�520.71 226�000.00 222�006.15 5.180 5.310 5.386 OS/30/97 60 18021 Unitea Stetee TsaAoury OB/13/96 70�163.41 74,000.00 71�509.15 5.610 5.637 5.715 07/24/97 235 """"__""'_' ___"""""_ '_"""""'_ _"""'_'_"' '_"" "_'." """ SUBTOTALS mmd AV�iA�BS 288,686.12 288�686.12 293,513.30 298,000.00 5.389 5.666 103 ""'^""_"'_"""'_"_"""""""_"""""""'_"___""'__"_"""'___'__"'_'__""'____ TOTAL INV63agNT3 and AVO. ; 100,068,296.11 100,383,487.25 99,377,686.33 300,269,699.85 5.685t 5.5618 222 � 12/09)�1996 PD Pedavelopment Agency PM - 5 ` INVS87T1�NT POATPOLIO DETAILB - CABH ADA NOVEPID&R 30� 1996 ACCRUAL INVESTMEAT AVEAABE PURCHAB& 9TA7BD --- Y1T1 --- MATUAITY DAYS INt�ER I88tlEA BALANCE DATE HOOR VALVS PACE VALUE MAAR6T VALUE RATB 360 365 DATE 417 MAT ""_"""_'___'_"_'_____'_____'_'__'__"_"___'_'_____"'_"____'___'_________________'__'_'___""___________'_'__'_'_"_"_" PABSHOOR/C�CRIPG 25000 Hank oY Amerlca-Check,in9 415,170.96 0.000 0.000 0.000 25001 Bank of America-Savinga 20,068.31 2.000 1.973 2.000 25003 PIAST INTEBSTATS BANR 0.00 3.290 3•2b5 3.290 25005 FIReT INTERSTATE OANR 9�047.12 6.025 3.970 6.025 25006 FIRST INTSA6TATE HANR -6.00 0.000 0.000 0.000 25002 B of A - 8elf Help Checking 19,OSS.6B 0.000 0.000 0.0�0 3UHTOTALB and AVBFAG&5 465,976.10 663�333.75 0.163 0.165 Accrued Iniareet ai Purchaee 220�038.00 TOTAL CABH ; 683�371.75 :..�e.......:..........�m..�.��...........�'...�.....�...............�..�...".`�.....�..`..�a..'�..��.. TOTAL CASH a¢d INV&37TiBNTS S 99.863�662.63 100�751�667.86 ! � 12/09%1996 PO Aedevelopment Agency . PM - 6 " PORTPOLIO MA9T8A INVBBT!ffiNT ACTNITY BY TYPE ADA NOVEFIDSR 1� 1996 - NOVEDID&R 30, 1996 ACCRItAI. BTAT� TRAH9ACTION PUACHA8E8 8ALH8/MATUAITI88 TYPH INVSSTMBPT p ISSUER AATH DAT& OA DEPOSITS OA WITHDAAWALS . BALANC% _________'_____""__'_'___'____"""_'__"__"'__"_____"__""_'_'________"'_"'__""'_'_""_'___'_"__"'___"_____'_______ PIDELITY 'fREA9URY POOL (Mont111y 8u�ry) 11002 I Fidelity Inetitutlonal Cash 5.120 6,066.00 31003 R PSdallty Inatitutioml Caeh 5.120 260.00 11004 S Fidelity Inetitutioml Caeh 5.120 396,713.00 11005 I Fidelity Inetltutionel Caeh 5.120 637.00 11006 A Fidelity Inetltutloml Caeh 5.120 69.00 11008 A FSdellty Inetltutloml Canh S.SdO 3�936.00 13009 2 Pidallty Inetitutional Cash 5.120 14,816.00 11010 I Fidality Inetitutionel Caeh 5.120 3,158,552.00 11011 R Fidelity Inetitutional Caeh 5.160 609,566.00 11012 S FidelSty Inetltutloml Caeh 5.120 203�635.00 11018 PSdellty Inetltutloml caeh 5.120 136.00 11019 Pidelity IneLitutional caeh 5.120 465.00 11020 Fldelity Inetitutional Caeh 5.160 11021 FSdelity Inatltutional CaeR 5.120 175.00 11022 Fidelity Inetitutional Cae� 5.120 1.00 11023 Fidelity Inetitutional Caeh 5.160 11025 Fidality Inetitvtional Cash 5.120 113.00 11026 Fidelity Institutional Caeh S.1d0 11027 E FSde7.7.ty Inat3tuttonp3 cash 5.120 611.00 13028 F�delity Inetitutional CaeR 5.160 11029 Fidelity Inatitutional Cne� 5.120 96.00 11030 A Fitlellty Inetltutlonal Caeh 5.120 198.00 13031 FSCe11ty Inetltutlonal Caeh 5.120 83.00 11032 Fidelity Inatitutional Ceeh 5.120 13034 E Pidality Inetitutioml Caeh 4.690 11035 Fidelity Inetitutional Cash 4.900 11036 Fldellty Inetltutlonal CaBR 6.690 11037 Fidelity Inetltutioqnl Caeh 5.160 13038 Fidelity Inetitutional Caeh 5.130 223,913.00 11039 R Pitlellty Inetltutloml Caeh 5.130 11060 PSdellty InetltutioMl Caeh 5.180 2.00 , 11061 I PSdelity Inetitutlonal Caeh 5.130 623.301.00 13042 Fldelity Institutioml Caeh 5.130 57.00 11043 Fidelity InetStutlonal Caeh 5.160 11066 Fitlellty Inetitutlanal Caeh 5.160 156.00 11065 PSdellty Inetitutlonel Caeh 5.120 11066 Pldellty Inatitutloml Caeh 5.120 13.00 11047 Fidelity Institutional Caeh S•lZo 232.00 13068 Fldelity Inetitutianal Caeh 5.120 ?76.00 13049 FStlelSty Inetitutioml Caeh 5.120 477�381.00 13050 Pidellty Instltutioml Caeh 5.120 46.00 11051 Pidelity Institutional Caeh 5.120 192.00 � 12/09%1996 PD Pedevelopmant Agency PM - 7 " PORTFOLIO MASTEA INVESTMENT AClIVITY HY TYPB 1mA NOVEPIDEA 1, 1996 - NOVEt�IDEA 30, 1996 ACCAUAL 8TAT8D TAANBACTION PUAC9A388 8AL83/MATURIT28S TYPE INVESTMENP # ISBU&R AATE DATE OA DBPOSITS OA WIT9DMWALB HALANCE ________""""__'___'__""'_"""__"______"_______"'__""'_'_'___'___'_'_'_"'___""___'_"_""'_'________'_"""'___" 11052 Pidelity Inctitutional Caeh 5.120 313,639.00 SUH7C1fAL5 and &NDING BALANC& 5�603,505.00 629,3d7.00 32�383,363.00 IACAL AGBNCY INVSSA�NT FUNDS (Mbnthly 3uGmtlaYy) 23000 Local Agency Inveetmant Fund 5.601 500�000.00 21001 Local Agency Inveetment Fund 5.587 3IIBTOTALS end ENDIHO HALANCE 0.00 500�000.00 9,036,136.85 PA59HOOR/C�CRING (Monthly Sn�aiy) 25000 emmK ot America-Checking 0.000 25001 Hmk of Amesica-Savinge 2.000 18.06 3,812.50 25003 FIRBT INTSN8TAT8 BANR 3.290 25005 FIRST INTBASTATE BANR d.025 � 25006 FIRST INTBEISTATE BANA 0.000 25002 8 af A - Self 8elp Checking 0.000 963.35 eUBTOTALB and II7DING BALANCS 981.61 3�812.50 0.00 G8A WITH TAU3TEB -PIA3T TAVBT (�anthlY 8ummeiy) 26000 Ceah with Truetee 0.000 26001 Cae� wlth Truetea 0.000 26002 Caeh with Truatee 0.000 26003 Caeh wiffi Trvetee 0.000 26006 Caeh wlffi Truatee 0.000 26005 Cash with Tsuetee 0.000 26006 Cae� with Truetee 0.000 26007 Caen with Trvetee 0.000 SVBTOTALS and BNDING HALANCE 0.00 0.00 0.00 COlA]ERCIAL PAPEA - DISNV1iT 3,352,787.64 FEDSAAL AGSNCY I83US8 - COUP�i 6,609,936.36 .--� 12/09/1996 PD Aedevelopment Agency . PM - e ' POATFOLIO MASTBR INVSSTM6Ff ACENITy BY TYPE ADA HOVEI�BR 1, 1996 - NOVENIDSR 30, 1996 ACCRUAL 8TA'f� TPANBACTI�i PUACBA98S SALE3/MATOAITIES TYPB INV85TM8NT N ISSUER AATE DATE OA DEP08ITS OR WITHDRAWALB HAI�ANCE "'__"__'______'_____'___"___'_'___'____"_'______'__"'__'______""""_'__""__"'_'__'_______'_"__________"""'"'_____'_ FS�ERAL AGENCY I85UE5 - DISCOUNT . 16011 8 Federal Home Loan Bank 5.180 11/14/1996 3,967,768.89 16008 I Federal Home Loen Mortgage Cor 5.210 11/19/1996 397,279.22 •*** SUBTOTALS md ENDING BALANCE 3,967,768.89 397,279.22 10,649,353.86 TAEA9URY 8&CURITI88 - COUPON 17011 8 Unitea Statee Tceeaury 5.625 11/12/1996 1d,305�160.66 17033 R Vnitee Statee Treaeuxy 6.375 11/15/1996 250,000.00 *""* 17067 I Unitee 9tatea Txeaeusy 6.375 11/15/1996 5,000,000.00 *"•* 17075 8 Unitea Staiee Treaeury 6.500 11/30/1996 1,500,000.00 **"* 17079 8 Unitea 8tatee Treaeury 5.750 11/16/1996 5,013,671.88 17080 E Unitee 9tatee Treaeury 6.125 11/16/1996 5,020,312.50 SUBTOTALB nntl Sl7DIPG BALANCE 10,033�986.38 21�055�160.66 39�9d8�036.28 TAEASURY 88CUASTIHB - DIBCOU[iT 18016 R Unitec Statae Traaeury 6.068 il/12/1996 306,780.23 18016 B Unitee 8tatee 2reeeury 7.951 11/12/1996 168�225.25 SUBTOTALS anC SNDIPa BALANCE 0.00 653�005.48 0.00 TAEASURY BHCURITIBB - T-BILL 388,684.12 "___""__"'_'_'_""__"'_""""""""""""""""""""'_' TOTALe 19�406�239.68 22�838�584.86 100�068�296.11 **"* - Indicates inc�plete recording af ineturlty reAemptlon. \ 12/09/1�96 � - 9 " PD Aede�elopmant Agancy ADA INVE374ffi7T ACTIVITY BU[MARY ACCRUAL NOVII�EA 1995 thraugh NOVEMHBR 1996 YI&LD 1r1 MATUAITY MANAGED NUMBEA OF Nl1MB8R OP AVSPAGE MONTO NVt�HA OP 1UTAL 360 365 POOL BECURITI&3 BEWRITI88 AVEAAQE MY9 TO 8ND YBAA SECUAITIEB INVSSTBD EQUIV BQUIV PATE PllACHA9� MATURSD/80LD TIIUA MATt7RITY ""_'_""_'___""_"__'_""'_""""""___'_"""""_"_"_'_"""_"____'_'_""""_""""'________"' Novemher 95 89 97,723,695.62 5.780 5.860 5.713 3 7 601 243 Decembar 95 87 96,669,896.71 5.762 5.862 5.615 0 2 606 228 Januaxy 96 85 95,928,939.76 5.655 5.733 5.166 0 2 605 211 FaErvary 96 80 � 93,156�182.09 5.581 5.658 5.096 0 11 389 204 March 96 79 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 4 389 183 May 96 96 100�720�776.03 5.669 5.728 5.158 16 7 525 334 June 96 97 89,305,637.01 5.665 5.764 5.066 1 3 590 356 July 96 90 89,528,673.60 5.653 5.731 5.081 0 3 582 331 Auguet 96 88 91,628�984.SB 5.634 5.713 5.079 2 7 558 303 8eptember 96 87 86,163,856.09 5.669 5.747 5.081 2 5 595 306 October 96 100 103�501,135.69 5.565 S.6d3 5.123 SO 5 697 267 Hwembar 96 96 100,068,296.11 5.485 5.561 5.126 3 9 335 222 "_""_""'_"""""_""""_""""""'_""___""'_""""""__"'_"'_"___""""_'_ AV&PAG%8 89 j 96,600,390.60 5.627i 5.705t 5.1958 3 5 665 260 mee�s�va�s""e��.��a..e��a�a��mea��.��..""....��"""""'�"""..e��."��'.v."""""'.�" �I 12/09/1996 PM - 10 " PD Aetlevelopment Agency ADA DISTRIHUTIOH OF INVS81T1�iT8 BY TYPB ACCRUAL NW&DIDBA 1995 through HOV�AHSA 1996 MONT9 '_'_""_"""_""""""""""""'_""'_ TYP88 OF INVEeYMENTS "_'_'_"___""'_"""_'__"'_"'_'_"__"___' 8ND YEAA HCD SCD LA1 LA2 LAS PA1 PA2 PA3 MlN HAC CPI COM FAC FAD TRC 17iD AID1 Nwembez 95 1�.3 26.6 2.2 15.1 38.4 2.6 Decembar 95 17.1 0.0 24.7 2.2 15.3 38.1 2.7 .7anuary 96 19.5 22.5 2.2 15.4 37.7 2.7 Pebrvery 96 33.5 20.2 , 2.3 5.3 37.9 0.9 March 96 62.1 17.4 2.3 37.3 0.9 Apzil 96 61.0 18.0 2.6 37.8 0.9 May 96 10.1 23.7 2.1 58.6 0.8 6.9 Sune 96 11.4 13.7 2.6 0.6 65.5 0.9 5.5 Suly 96 16.8 11.7 2.6 0.6 6d.3 0.9 5.5 August 96 22.0 12.1 2.3 0.5 62.3 0.5 0.3 eeptemher 96 18.0 11.6 3.0 1.1 65.6 0.5 0.3 October 96 26.5 9.2 3.2 6.3 6.8 69.3 0.6 0.3 Nwambar 96 32.A 9.0 3.6 0.6 50.6 39.9 0.3 '_"""____""'__"_"'_'_""_""""'_"'_'_""'__"_'"'_"""_'_"_""_"'_""'"""_"__"__"""""'_"_ AV&AAG89 23.St 0.0! 16.8! ' 0.5t 2.6► 5.58 68.6R 1.1i 1.36 8CD - Cestiflcatee of Depoeit - Bank 9CD - Certificate9 of DBpOa1t - B i L L&1 - Pidellty Tieaeury Pool LA2 - Managed Pool Accounte LA5 - Locel Agency Inveetment Fuade PA1 - Paeebook/Checking PA2 - Cash wlth Txuatee -Firet Truet PA3 - Checking/ealf Help Houcin9 Lonne MfN - Medium Tarm Hotea HAC - BanKeza Accaptancee CPI - Co�eccial Paper - Intarmt Bearing COM - Co�arcial Paper - Diamunt FAC - Fedexfll AgBnCy IeBue6 - Coupon FAD - FBCeia1 AgenCy Ieeuae - DSeCOuat TRC - Treaeury Securlties - Coupon TAD - Treeeury 8acurltiee - Diecount PID1 - Treaeury 8ecuritSee - T-BS11 ) l�, 12/09/1996 . PM - I1 .. PD ABAeValopm�nt AgBncy .. RbA � IMP&iBBT EARNIpGB SUlII7ANY ACQtUAL NOVEI�IDBR 30� 1996 11DNTH B[iDIIiG FIwsT. NOV&lIDSR 30, 1996 YBAA TO DATB CD/Coupon/Diacount Inwetmnt�: Iaterwt Collxiatl S 327,255.96 S 1,593,179.27 PLUB Accrued Znterect at 8nd of Por1aQ 901,939.57 901,939.57 LSBB Accruad Intarwet at Hsginning oL Peslod ( 926,697.66) ( 897,765.30) _""'_""'_'_"_ """"""_""' InTwraet 8arnwd Euring P�riod ; 302,498.09 1,547,353.74 AR7UB7RD by Psemi�e and Dlecounte -3,325.51 -18�152.64 MJU9T&D by Cepital (ieina or Lomaee 35,912.56 40,552.23 __________________ __________________ Bsrninge during Pariod 33B4O85.12 = 1,619�753.55 Mortgaga esoked eecuritias� Intereet collectaC S o.ao = 0.00 PLUB Aacroed Intateet et Hnd of Paziod 0.00 0.00 L888 1lccsued ZnteFeat at 86g1pi11Aq Dt PeiloO ( O.00� � o.00� _""""_"""" "_'""_"_"'___' � Intereet Sazned duiing Period { 0.00 0.00 11DJU8T8D by Pxamlins eaQ Dleconnta 0.00 0.00 ADJU8T8D by Capiul Geins or Lonae . 0.00 0.00 """"""""" "__"__""""" Bernings durlaq Pariad 0.00 � 0.00 Cesh/Checking Accounte: SnUraet CollaetW S 33.05 S 589,936.03 PtUB AcesuW Int�net at ffid oi Pariod -17,683.07 -17,683.07 L888 Aecswd InUrsat et Haginning oE Perlad ( -177,980.34) ( -68�689.01) "_"_"""'""_' ""'""""""'__' InC�r��t Barnad duriny P�riod S 160,530.32 ; 660,939.97 ' TClAL Iatarwt 8axnrd during PasiaC ; 663,028.61 = 2,238,T93.71 Ttlfffi AjustmaaG fsam Ps�mi�s md Diwounts ; -3,325.51 { -18�157.42 TOTAL Gpitel fieina os Lwaee E 35,912.56 S 60,552.23 '_'_"_"""'_"' '"""""'_""'_ TDTJIL B�rning� Qusing rirlod S 495�615.66 i 2,260,693.52 12/09/1996 ADA ;17.5 Mllllon Hond PM - ] � INVESI.MENT PORCFOLIO DBTAILB - CASH Ai7A HOVElIDBR 30� 1996 ACCAUAL INVE57MENT PURCHAB& eTAT6D '-- Y1M '-- MATURITY DAYS NUPIDER I88VEA DATE BOOR VALUE FACS VALUS MAPREP VALUE AATE 360 365 DATE TO MAT CA50 WITH TRllSTHS -FIABT TRUBT 26005 Caeh with Truatea 3.36 0.000 0.000 0.000 Accrued Intereet at PuzcAaee 1,154.89 TOTAt CASH E 1,158.23 TUfAL CA3H and Il7VESTAffiNTS E 5,278,G57.09 emasa.s.....a�....�.....�e....�....�....:a..ma...a.em�a.s.....��..�.�a..m�e.�:..a«= / i� 12/09/1996 AUA S7d M1111on Bond PM - 2 ' TNVE6TMEIiT POATPOLIO DSfAIL9 - INVEB'II•gNT3 PDA NOVFJ�IDBR 30, 1996 ACCAUAL IFV&3TM8NT PVACBASE 9TATED "' y'IIA "_ MATUAIIY DAY9 1PUDIDER 288UEA DAT& HOOR VALUE PACB VALUE MARIQ�.T VALUE MTE 360 365 DATE TO MAT ""'_""""'_"""""_"_"_""_""'_'_'__'__'_"""____"""""""'_"_"""""_"""_""""'_'_""'____'_'_""_ PIDELITY 7RISA6VRY POOL 11002 I PSdallty Inetitutional Caeh 1,594,126.00 1,594,126.00 1,594,126�00 5.120 5.050 5.1Z0 1 11003 R Pidelity Inetitutional Caeh 59,695.00 59,695.00 59�695.00 5.120 5.050 5.120 1 11006 S FSdallty Inetitutional Caeh 829�917.00 829,917.00 829,917.00 5.120 5.050 5.120 1 11019 pidelity Inetitutional Caeh 61,669.00 61,669.00 61,469.00 5.120 5.050 5.120 1 13020 Pidelity Institutional caeh 7.00 1.00 1.00 5.160 5.089 5.160 1 11029 Pidellty Inetitutlonal Caeh 659.00 fi57.00 657.00 5.120 5.050 5.120 1 """"""__ "_"""'_"' ""'__"____' '_"'_ "'_" ""'_ SUBTOPALS and AVfiRAGES 2,525,865.00 2,525,865.00 2,525,865.00 5.050 5.120 1 PEDEPAL AGENCY IBBUES - DIHCOUqT 16006 I Federal Farm Credit 09/17/96 982,750.00 1,000,000.00 993,600.01 5.400 5.495 5.571 O1/30/97 60 16011 S Federal 9ome Loan eank 11/16/96 3,967,768.89 4�000�000.00 3,976�799.80 5.180 5.222 5.295 O1/09/97 39 16010 I Fedaral National Mortgage A 10/23/96 6,920,602.15 5,000,000.00 6,965,500.19 5.210 5.294 5.368 02/30/97 71 _"'"""""' '""""""" "_'_'_'_""' '_'_'_ _"_'_ "'__' SU8Tf7PAL9 and AVENA685 9�870�921.64 9�913�900.00 30,000�000.00 5.285 5.359 55 TR8A8UAY BECUATTIEB - COVPcei 17007 I Unitee Stetee Treaeury 07/O1/96 999�954.43 1�000�000.00 1�004�687.50 6.000 5.921 6.003 11/30/97 366 17010 A Unitea statea Treasury 07/O1/96 699,298.47 692,000.00 708,218.75 6.750 6.165 6.251 OS/31/99 911 17076 Unites States Traeeury 05/30/96 801,545.42 800,000.00 802,750.00 6.125 5.640 5.718 OS/31/97 iel 77079 8 Unitee etntee Treaeury 11/16/96 5,012,945.56 5,000�000.00 5,012,500.00 5.750 5.366 5.620 09/30/97 303 17080 E Unitee 8tatea Treasury 11/lA/96 5,�18,568.50 5,000,000.00 5,017,187.50 6.125 5.278 5.351 05/31/97 181 """__""" "'_""""" _"""'_""' _"_" _'__" ""'_ BUBTOTALS antl AV&PAGE6 12,532,312.38 12,565,363.75 � 12,692,000.00 5.629 5.504 2B5 """"""""'_""_""'"_""'__""__"""'___'__'____"_"_"""___"_' TOTAL INVS814ffiiT8 and AVG. � S 26.929r099.02 . 26�985r108.75 25�017�865.00 5.3318 5.408i 165 ..��...m....:.:..:e:.:........:..�.�..��...��..��..�a.....:......��..��.�..e�..a: �` 12/09/1996 ADA s26 Milllon Bortd PM - 3 " IMVES'RffiiT POATFOLIO DSTAILB - �pgH ADA NOV&FIDER 30, 1996 ACCAUAL INVESTI�NT PUAC9ASH STATED '-' Y1M "- MATURITY DAYS NUI�BR I88UEA DATE HOOR VALUE PACE VALUE MAPASf VALUE RATE 360 365 DATE TO MAT CA88 WITH TRU82ES -FIR9T TRU9T 26002 Cash with Truatea 3.72 0.000 0.000 0.000 Accrued Intereet et Purchaae 175,279.60 _'_""_'__""""""'__""_""""'__""_""""_""""'_"_"""'____ TOTAL CA39 = 175,283.32 e..z....e:............�..�....�.....a...s�......�.�..�..:...�:.�..�...ev.��va��..a� TOTAL CASH and INVE9T!ffiNTS j 25�306�382.34 � �1 12/09/1996 RDA S4 M1111on eond R1 - Y ., IPV89TM6NT PORTFOLIO DETAILS - INV&9'd�ffi7T8 ADA tiOVSPID6R 30� 1996 ACCRUAL INVESTMENT PURCHABB BTAT&D "' Y1M "' MAT[IAITY DAYS NUMBHR I&4U&A DAT& HOOR VALUfi PACE VALUE MAARBT VALUE RATE 360 365 DATE TO MAT '____"_"""'__"__'_'__'_"__""""""'_"'__"___"'__"'_""___'___"__'_""_"""_____'_'____"'__"'_'__"_'__'__'__' FID&LITY TAEABUAY POOL 11005 I Fidelity Institutlonal Ceeh 158,56fi.00 158,546.00 158,56fi.00 5.120 5.050 5.120 1 11006 x Fidelity Inetitutioml Caeh 12,225.00 12,225.00 12,225.00 5.120 5.050 5.120 1 11025 Fidelity Inetltutioml CaeR 27,916.00 27,914.00 27,916.00 5.120 5,050 5.120 1 11026 Fidelity Inetitutioml Caeh 0.00 0.00 0.00 5.160 5.070 5.140 1 11027 E Fid�lity Inetitutional Caen � 151,903.00 151,903.00 151,903.00 5.120 5.050 5.120 1 11028 Fidality Inetitutional Caeh 100.00 300.00 100.00 5.160 5.070 5.160 1 "'_""""_' _""_"""" "__""""" '_"" '_"__ ___"' BUBTOTALS end AVSIiAG86 350�688.00 350,688.00 350�688.00 5.050 5.120 1 FEDSAAL AGENCY 288UE8 - WUPON 15005 % Federal Home Loan Bank 06/14/95 2,119,828.50 2,115,000.00 2,126,914.06 6.105 5.855 5.937 12/01/97 365 TREASUAY BECUAITI83 - COUPON 17012 I Unitee 8tatee Tieaeury 07/O1/95 1,303�405.27 1�300�000.00 1,307�718.75 6.375 5.807 5.887 O6/3�/97 211 17013 R Unitee Statee Treaeury 07/OS/95 108,210.17 106�000.00 109,557.50 7.750 6.098 6.182 il/30/99 1,096 17015 E Unitae BLetee Traaeury 07/O1/95 231�580.28 231,000.00 232,082.81 6.000 5.665 5.724 11/30/97 36d __"_""_"'_ __""""_'__ '_""_"_'_" ""'_ '__"' ""'_ SUBTOTALB antl AVSNAGSS 1,663�195.72 1�669,359.06 1,635,000.00 S.B03 5.886 291 '_'_'___"'_"_'"""""'_""'_'_"_"""__"_"'__"_'_"""_""""__""'_ TOTAL INV&e'�NTS and AVG. S 6,113,712.22 4,126,961.12 4,100,688.00 5.766! 5.866i 304 . aa:...s...�........a...:...:...�....e�....��....:..�..��..��a....:..:...��..�...��.� �� 12/09/1996 � RDA 36 Mlllion Bontl PM - 3 � IINSB'd4:Mf PORfFVLIO DETAILB - G89 ADA NOVEPIDID2 30, 1996 ACCRUAL INV69TMEPT PVRC8A88 eTATED '-- Y'IId "- MATORITY DAYS NUlIDER I88UER OATE H00% VALUE FACE VALUE MAARET VALUE AATE 360 365 DATE TO HAT '""""'_'__"""""__"""""""'_"'__"'."_""'_"""""'_""_"""__"""'_"""""""""'_"'_'_'_"""'_'__ CASH WITH TAUBTEE -FIABT TRUBT 26003 Caeh wlth Truetee 3.07 0.000 0.000 0.000 ________"__'__'_____'___'____""___"'_"""_'_"_"________'_________""'_"" TOTAL CASH and INVSBTI�NT3 S 6,113,715.29 ' ...................,......................."'........................................ �: 12/09/1996 Lw Mod 8et-neStle Aefuntling PM - 2 ` INV88TMEAT PORTFOLIO DHTAIL9 - INV88'IIgNTB ADA � NOVEFIDER 30, 1996 ACCRUAL INVE8TMEt7T PURC6A8E BTATED '-' Y1M -'- MATUAI7'Y DAYS NUDIDER SSSUBA DATE BOOR VALUE FACE VAYUE MAAREf VALUS PATE 360 365 DAT& TO MAT ""'_""""_"_"""_"__"_'___"""_"""""_"_""_"""""""_'_"""_"'__"_"_"""""'________"'____'_""' FIDBLITY TA6A8UAY POOL 13030 A FSCe11ty Inatitutioml Cae� ,49,151.00 49,151.00 49,151.00 5.120 5.050 5.120 1 11031 Fidelity Inetitutioml Caeh 20�830.00 20,830.00 20,830.00 5.120 5.050 5.120 1 11032 FSEelity Inetitutional Caen 1.00 1.00 1.00 5.120 5.050 5.120 1 13040 Fidellty Inetitutioml Caeh 6C0.00 460.00 460.00 5.180 5.109 5.100 1 '""""""" """""""' """""""' """ """ """ SVBTOTAL3 end AVEAAGSB 70�622.00 70,422.00 70,422.00 5.050 5.120 1 TTiEABUAY SECURITIfiS - COOPON 17063 R Unitae 9tatee Treeeury OS/03/96 595,453.61 600,000.00 611,062.50 6.375 6.690 6.580 03/31/O1 1,581 '_""'_"""_"""""_""""""'_"'_"""""""'_"'_'_""""_""' TOTAL INV89affit7TS and AVG. S 665,875.61 681,686.50 670,622.00 6.338i 6.6268 1,614 ___:..=.sm....e�....��....�e...��....��....�e..»..e:�.�..a=as�:.aas.:.a:..��..a�.� �� 12/09/1996 Lw Mod 8et-aeide Aefunding � PP1 - 3 � ItN88'II�ffii'f pOATFOLSO DETAILB - GB9 13DA NDVgDIDSR 30, 1996 ACCAUAL INVESTMENT PUACHASS BTATSD "' Y7T1 "' MATURITY DAYS NUMBER I88UER DATS B00& VALUB FACE VALUB MAARET VALUE AATS 360 365 DATE TO MAT "______'____'__________________'____""_"_"'_""""""""'_'__""'_"_____"'___'_'_'___"""""_"""'________'__"'_ rnav WITH TAUBTE& -FIRBT TRUST 26006 Caeh wlth Truatee 1.65 0.000 0.000 0.000 '_"_"'_"""_"""_"_"""_""_"_"_"""_"""""""__'___'_"_"_"_" TdLAL CAS9 and INVE67RffiAT8 ; 665�877.06 ...............oewrnwrnvn..^.��..�.��...�....e...�..��.��..��.�.�.a.:......�..ma= /' ) 12/09/1996 1996 Deeart Aoee 8eriee A PM - 2 � INVESTI�NT POATPOLIO DBTAIL9 - INV68dA@1TS PDA liOVBPIDER 30, 1996 ACCRUAL INVE37TffiNT PURCHA9S BTATSD "' Y7T7 "- MA'NATTY DAY9 NUMBEA I88USR DATS HOOA VALllB FACE VALVE MAARET VALUE RATE 360 365 UATE TO MAT '____"""'_""_______'________'_"'_""""_""_'__"""_"""'____"___"__'_____'__""'_"________"___"""""'_'_'_' FID&LITY TA6ASURY PODL 13066 FStlelity Inetitutional Caeh 3�700.00 3�700.00 3�700.00 5.120 5.050 5.120 1 31067 Pldellty Inetitutional Caeh 92,902.00 92,902.00 92,902.00 5.120 5.050 5.120 1 13048 FSdellty InBtitutlonal Ca6h 43�006.00 63�006.00 63�006.00 5.120 5.050 5.120 1 "'__"_""" ____"_""___ _________"_" "'_'_ ______ ""__ SUBTOTAL9 and AVERAGE9 139�608.00 139�608.00 139,608.00 5.050 5.120 1 TABASURY BECURITI%8 - COUPON 17078 A Unitaa Statea Treaeuxy 10/03/96 999,668.02 1,000,000.00 1,000,937.50 5.625 5.580 5.658 10/31/97 334 _______"__"'_""_'__'__'_"""""""_""""""""""__'_'_'________"' TOPAL INVEB�ffidT3 aM AVG. { 1,139�276.02 1,140,565.50 1�139,608.00 5.5154 5.5928 293 "�""""""�""""'e""e�..a.a....:....a..�.s.....�..""""'.e�"""""'s -'� 'Z L 12/09/1996 1996 Deeeit Aase Serlee B PM - 2 INV88TI�PT PORTFOLIO DETAILS - INV857TiBNT3 RDA NOVElIDBR 30� 1996 ACCAUAL INV38TMEFf PUACHABE BTATED -" YRM "' MATl1RITP DAYS N04IDEA IS&UEA DATS e00R VALUS FACB VALUE MAAR&T VALUE AATE 360 365 DATE TO MAT ________'_"""__""_________""'_"__""""_"'__'__""__"""""""""'"'__'_'___'_'_____"""'_"_"""'__"'_""' FIDBLITY TRSASUAY POOL 11049 Fitlality InOtltµtional Caeh 679�768.00 679�768.00 679�768.00 5.120 5.050 5.120 1 11050 Fidelity Inetitutionnl Caeh 12,802.00 12,802.00 12,802.00 5.120 5.050 5.120 1 11051 Fidelity Inetitutionnl Caeh 29,901.00 29,901.00 29,901.00 5.120 5.050 5.32D 1 11052 Pidellty Inetitutlonnl Caeh 2�786�929.00 2�784�929.00 2,786,929.00 5.120 5.050 5.120 1 """"'""..' '"_"'"'______ _""""_"" "__'_ """ ""__ SUBTOTALS antl AV8FAG85 3,307,380.00 3,307�380.00 3,307,380.00 5.050 5.120 1 COtR�ffi[iCIAL PAPHR - DIBCOUNT 26001 I American Hrmmd Co�arclel P 10/03/96 1,476,953.75 1�500,000.00 1,477,500.00 5.370 5.656 5.530 01/16/97 6d 26000 I Dupant Co�erclal Papex 10/03/96 1,483,760.00 1,500,000.00 1,489,718.C5 5.203 5.260 5.333 32/17/96 16 2d002 I General Electric Credit Cor 10/03/96 392,093.89 600,000.00 393,860.00 5.350 5.658 5.536 02/13/97 76 "_"_'_""'_ _______'_'_"_ ____"___'_"_ '_"" "___' "____ SUBTOTALB and AVEAAGES 3,352�787.64 3�361�058.65 3,400,000.00 5.369 5.643 35 PEDSAAL AG6NCY ISSU66 - COVPON 15009 R Pederal Hane Loan Benk 10/03/96 798,166.59 800�000.00 810�250.00 6.625 6.680 6.570 OB/20/O1 1,723 FEDBAAL AGBNCY I83U88 - AIeCOUNT 16007 I Pedasel 8�a Loan Bmmk 30/03/96 389,792.00 C00,000.00 393,120.00 5.280 5.618 5.696 03/26/97 115 16009 I Pedaral H�e Loan Moitgage 30/03/96 388�640.22 600�000.00 391�960.02� 5.270 5.406 5.681 06/15/97 135 _"""_""" "_'__"__"" """___""_ """ "____ '_"'_ BUBTOPALB anA AVIIUGES 778,432.22 785,080.02 800,000.00 5.612 5.687 125 """""'_'_"_"""_"""""""_""""'�..___"""""'""""'""'"""""""""' TOTAL INVEB�ffiiT8 a�W AV6. = 8�236,766.65 8,263,768.d7 8�307�380.00 5.3528 5.627i 193 12/09/1996 1996 Deaett AaBe SeCraw ACct. PM - Z � INVESTM6NT POATFOLIO DEfAIyg - INVSSTTI&7TS 12DA NOVEPIDSEt 30r 1996 ��U� INVS3IR�NT PURCFIA9E STATHO --' Y7M --' MATUAITY DAYS NUPIDEA I88UER DATE H001( N1L118 1'ACS `lALUS MARRET VALUE PAT& 360 365 DATE TV MAT """"_"__"__""___"'_'_'__'__"'_"_"""""______"""____'_'_______'______"'__""'_'_"___"""_'_"'__________'__" FIDBLSTY TREAB[7RY POOL 11045 Pidelity In8tltutlonal Cae� 12�641�536.00 12�661�536.00 12�661�534.00 5.120 5.050 5.120 1 "___""""'_'_"""'"_"_'_"_""_"""""""'_""_"_""""_""""'_ TOTAL INVEBTTffiNT8 antl AVG. 3 12,641,536.00 12�441�534.00 12,641�536.00 5.0506 5.1209 1 �.�.�.��..nm.:..s�.e..��....�m...aa�..�.....�a»ma..a...�..�.vaaa��eese.=a..ms....s. .7 �/ 12/09/1996 elyt�e County Court AEmin Ctr pM - Z � IAVS87TffiNT PORTF�TO DETAILB - IPVBS'II�ffi7T9 13DA NOVBPIDHR 30� 1996 ACCRUN. INVEST[�@NT PURCHASE 8TAT8D "' yyT1 _'_ MASVRITY DAYS NUPID%R SSSUBR DATE HO08 VALUB FACE VALUE MAPRET VALUE AATB 360 365 DATE TO MAT ________'_"'__"'__'_"""_'_""_'__"_"""'_""__"""'__""""_"""""'____""_"""'____'_"___"___"'_""__"' FIDELITY TAeA9URY POOL 11038 FiEelity Inetitutioml caeh 23a,000.00 226,000.00 22a,000.00 5.130 5.060 5.130 1 11039 R FStlelity Inetitutional Caeh 36,202.00 36,202.00 36,202.00 5.130 5.060 5.130 1 11061 I Fidelity Inetitutional Ceah 1,647,660.00 1,447,640.00 1,447,640.00 5.130 5•060 5.130 1 11062 Fidelity Institutlonal Caeh 14,083.00 16,083.00 16,083.00 5.130 5.060 5.130 1 11046 Fidelity Inetltutional Caeh 2,541.00 2,561.00 2,541.00 5.160 5.089 5.160 . 1 ____"""'_'_ ____"___""' """____"" '_"" _'__" "_"' 3UHTOTAL3 and AVERAGBS 1,726�666.00 1,726,666.00 1�726�466.00 5.060 5.130 1 FEDBAAL AGENCY I36UB8 - COUPOIQ 15008 A Fedeial Farm Credlt 09/13/96 698,556.65 500,000.00 503,125.00 6.125 6.312 6.600 07/09/98 SBS TR8A8UHY SECURITSES - T-HILL 18020 Unitee 8tatee Treaaury 08/13/96 218,510.71 224,OD0.00 222,006.15 5.180 5.310 5.386 OS/30/97 60 18021 Vnitae etatee Treaeury 08/13/96 70�163.C1 76,000.00 71,509.15 5.410 5.637 5.715 07/26/97 235 "'_""""" '___'_'_"_"' "_____"""' "'_" '_"" "__" SUBTOTALS and AVERAGS3 288�684.12 293�513.30 298,000.00 5.389 5.6fid 103 ______"""'_"'___'___""""'__"'_"_____'_'_'_'____"_""'_""'_""'_" TOLAL INV889�T3 aM AVG. S Z.511,706.57 2,521,306.30 2�622�466.00 5.3668 5.620i 129 � � / 12/09/1996 Hlythe County Court ACm1n Ctr PM - 3 INVESRMEAT POAT£OLIO DfiTAILB - CA9H RDA NOVBlIDSR 30� 1996 ACCRUAL �: INVESTDffiNT PUAC9ABE BTATED -'- Y1TA "' MA7'11RITY DAYS NUMBER IS80BR DATS HOOA VALUB PACB VALUE MAAIQ�.T VALUE AATE 360 365 OATE To MAT __"__'______'____'___'_""_'_____'__""""'"""""____'__'__"""""""__""""_______________'____"""_____"_'______" CASH WITH TAUSTEE -PIAST TRUST 26007 Cach vith Truetee 2.06 0.000 0.000 0.000 Accrved intereat at Purchaee 5�666.66 _______""__""__'_'________"__"""'__'___________"'__"""'____"___""_ T(ri'AL CAeH $ 5�d66.48 TOTAL CABH and INVSBTMEIPPB ; 2,517,151.05 e�....��m....�..�.m�....e�....:..:a.:..:::.......�...�...a..=:a.�...�..�..eme:..�.a= � �' 12/09/1996 A17A Deeart Roee Hond Ieeue PM - 2 � INV69TI�NT PORTFOLIO OEfAIIS - INV88AffiNT9 RDA NOV%PIDEA 30, 1996 ACCAVAL INVESTt�NT PURCBAss BTATaD _" yaA ___ MATURITY DAYS NUDIDSR I88USR DAT& HOOA VAL176 FACE VALUE MARRET VALUS PATF 360 365 MTE TD MAT '_"_'_"_'_______"_'_"_"____'_'_________"__'_'_____"'_'___"__"'___""_""__'_'__"'__'______"'_'__'___"___"_'_'__'___' FIDBLITY TPEASUAY POOL 13036 E Fidelity Inetitutioml Caeh 2,169.00 2,169.00 2,169.00 6.690 6.626 6.690 1 11035 Fidality Inetltutional Caeh 8.00 8.00 8.00 6.900 6.833 4.900 1 11036 Fidellty Inetltutional Caeh 3,942.00 3,962.00 3,962.00 6.690 6.626 6.690 1 11063 Fidellty Inetitutional Cash 180.00 180.00 180.00 5.160 5.089 5.160 1 _""""""_ "_'_____"_'_ """___""" """ __"'_ "___' BUBTOTALB and AVSFAGES 6,279.00 6�279.00 6�279.00 4.639 4.706 1 _"'_"""""'_'_""""""'__"""'_"""""""___""_""'_""""" TOTAL INVEB�l1TS and AVG. S 6,279.00 6,279.00 6,279.00 6.6398 6J048 1 "��..�.�z..�.�""""'..��..a'�"""""...�...��..:...s.a�e"""�..�.�u�a�:ae. '7 7 12/09/1996 ADA Deeert Roee 8ond Ieeue � � - 3 INVgg'II-0ffiiT PORTPOLIO DBTAILS - G8H ADA ppy&t�ER 30� 1996 ACCRUAL . INVE5ITffiNT PUACHABE BTATED '-' Y'II1 '-- MATURITI' DAYS IiUMBSR I88USR DATB 800R VALU6 PACB 7ALU8 MAAAE'P VALVB AATE 360 365 DATE TO MAT """"__""""_'_""""__"_'_'_"_'__"""'_"""_'_"'_'__"_"_"_____""_""_'_""_"'_'_"'_""'__""'_""_"" PASSBOOR/CI�QCING 25003 FIRST INT�ISTATE HAN1C 0.00 3.290 3.265 3.290 25005 FI%T INTSAeTATE HAHR 9�047.12 4.025 3.970 4.025 25006 FIR6T INTSPSTAT6 HANR -6.00 0.000 0.000 0.000 � "_""'_""' ""_' _""' SUBTOTALS and AvfiRAGS9 9,Od3.17 3.972 6.027 � "_"_""__""____'_"'_""""___"'_"""""_""""_"""__""_"'_"___ : �pl'� �,.qx ppd INVSBTMENTB 3 15�322.17 , ,12/09/1996 Pelm Deeett Offlce Complme PM - 3 INVE87Tffit1T POATPOLIO DBTAIL9 - G9R ADA POVEPIDSR 30� 1996 ACCRUAL INVE9TMENT PUACHA88 BTATED "- Y1T7 '-- MATIfAITY DAYB NUPID%R I88UER DATE BOOR VALUE FACE VALUE MAARET VALUE AAT& 360 365 DATE TO MAT '_"'__'_"_"__'___'___"___________'____'______"_""__"""'_"'_'___'__""'_'_'__'__'_______'_'_____'_'_'__'_'____"_____'_ PA88BOOR/C�:CRING 25000 eank of America-Ctiacking d15,170.96 0.000 0.000 0.000 25001 Bnnk of America-eavinge 20�048.31 2.000 1.973 2.000 ""_'_""__' ___'__ ""__ BUBTOfALe Md AV8PAG8B 635�219.27 0.091 0.092 _"""___'_""'_____'______'_"_"__"__'__""______""'_____'____"__'__"'__" TOTAL CASH antl INVBSSTffiNTS S 435�219.27 ......:n..�.��....��....e�...�=..az..:.me.��.....::.....�..��..�...:.:===:a�:»..�. -' ( Y 12/09/1996 8elf 6elp Chxking PM - 3 IIiV89dffiiT POATFOLIO DSTAIL6 - CA6H �A NOVF.PIDER 30� 1996 ACCRUAL INVESY'ltENT PURCEiABfi BTATBD '__ � '__ MATUAIRY DAYH NUMBSR ISSUEA DAT6 HOOR VALU& PACB VALUS MAAReT VALUE AATS 360 365 DATE TO MAT PA88HOOR/CF�CRING 25002 B of A - eelf 6elp Checking 19�055.68 0.000 0.000 0.000 __""___'_"'_"'_""'_'___"""""'_"""_""_"'__"'___"_"""""""'_ 'POTW. CA39 and INVSSTlIIiNPB S 19�055.68 ..��....��...e�=m�s�m�.....�.:samea�:a....�...�i..sses�...�.a�..��..��:mms�:a.m�..as 7�` „12/09/1996 Retlevelopment Agency - GaneTel � - Z IPVEBTt�@NT POATPOLIO DETAILe - INVES'II�ffiiT8 �A NOV5PID8R 30, 1996 �� INV89TM81Pf PURC8A9E BTATSD "_ y1T1 _” MA'MJiiTTY DAY5 NUM6SA ISSUBA DATE 800R VALUE FACB VALUS MAPRET VALV& PATE 360 365 DATE TO MAT ____'__"__""__'_"'_____'_"'_____""""_""___""""__'_'____"____'_'_'_'_'_"'_'____""'_______'__'__'_'_"_'___'_'___ LOCAL AGBNCY INVEB'II�NT FIINDB 21000 Local Aqency Inveetment Fun 9,036,13fi.85 9,036,136.85 9,036,136.85 5.601 5.526 5.601 1 21001 Local Agancy Inveetment Fun 0.00 0.00 0.00 5.587 5.510 5.587 1 "_"""""' "__"'_""_' '_____'_""" _"'_' '_____ "'_'_ SUHTOTALS and AV@NAG86 9,036,136.85 9,036�136.85 9,036,136.85 5.526 5.601 1 TAEASURY 8ECU1t2TI83 - COUPON 17069 Unitae 8tatae Treaeury OS/2d/96 2�003,363.07 2,000,000.00 2,016,375.00 6.125 5.905 5.987 03/31/98 485 17070 Unitee Statee Sreaeury 05/26/96 2,006,511.25 2,000,000.00 2,008,750.00 6.625 5.51� 5.586 03/31/97 120 17071 Unitee etetas TieaBuiy OS/26/96 1�000,611.29 1�000�000.00 1�003,125.00 5.8'!5 5.691 5.]]0 07/31/9] 262 170)2 Unitee 9tatee Treaeury 05/26/96 999,329.16 1,000,000.00 1,002,500.OD 5.750 5.749 5.828 09/30/97 303 17073 Unitee 8tatee Treaeury 05/24/96 1,003�196.00 1�000�000.00 1,003,637.50 7.500 5.622 5.697 01/31/97 61 17077 Unitee 9tatea Treeeury 05/30/96 989,216.91 1,000,000.00 993,437.50 5.000 5.900 5.982 O1/31/98 426 "__'_""_"' "_""_"'_" _"'_"'_""' __"" '____' "_"_ 9UBTOTAL6 and AVEFIAG89 8,002,225.66 8,025,fi25.00 8�000�000.00 5.698 5.777 280 __"_"__'__'_"""""_________'___'__'_'__'_'__'_____'__"_"_"'_"""""' TOTAL INv88a�ffiiT3 and i.vc. S 17,038,362.51 17,061,761.85 17�036�136.85 5.6068 5.686t 132 7J � ..12/09/1996 Aadevelopment Agency - Ga�azal � - 3 INVBS'II�NT PORTFOLIO DETAILS - G8A RbA NOV6FID8R 30� 1996 ACCRUN. INVE5ITffiNT PUACBA88 STAT6D "' y'dA _'_ MATIIAIIY DAYS NUDIDBR I88VSR DATS 800R VALUE PACB VALUE MAAI�'P VALUE MTS 360 365 DATE TO MAT G8H WIT9 TRU8T88 -FIABT TRUST 26006 Caeh with Trvetee 0.01 0.000 0.000 0.000 '________"'_"""___'_'_""""'_""""_"_"_'_"""""""'_'_"""""_" TOTAL CASH enC IPVSSTMEAT3 S 17,�38,362.52 2 2-- � g Q � � � 8 �� 8 g � � � � c5 e c 59 � c 8 � c� � m ' '� '�'Sm to ' ' � ' W � � E °� z° z z� z'Z i � 'z� � z°�� tll N y Ql y vl N N H f/1 W W W $� N N nJ tq m W f� N W m ul N t/1 W W Y y j Y j T Y y Y Y Y > > C W W W W W W W W W W W W W � Y Y Y Y Y Y > > > Y Y Y T Y > n � � Y � } � } � } � Y � � � � � } � � � y ' Y ' Y ' � ' �, � Q J Q J Q J Q J Q J Q J Q J a J Q J Q J Q J Q J Q J Q J � NS ; 8 � 8 ; S y � ; S � S � 8 y � ; 8 ; 8 ; � ; 8 � 8 U �iU �'� L°`o n � �° � r � �� $ �� { � � � � � � �� g E � g�� Q��g� 3�,�� W � � �Eb,c 10 $ � �b .�°�mg % A m 'So�a�'�eFne y�v� $ � �� o � c �$ E� c � � � y �� ¢-+E 8C � �� d�'�..ay ��W Q Nr N�S. N U y53 5.'O b 3$ " �g tg5 a- �' £� � � �� s �� ` ��" � '� � . ,� g � � � E E E E � �Eg� � € � ��, � �� E E� E � y � g g �m •�� ` N= �g� � c� g g��8 ` =a �� Z � � e;� A �� a Z'-� � f0 W LL (� S Z c c c c c 0 0 0 �E � � ' � � � � �� p� � Ul N W M N tG � W Q N �� " y � � � vs � . � � � g � e � � ; s � LL E � � � � � � � � � =� N � � a. � �-. r e � Z ~ �� ' � � � � �� 3g ' _ � � � a� E � � LL g g � a � m � � � � � � � � � � � N = � -- , i _ _ _ _. � __ _ - m -- _ �, ` < �; � g ; � ■ . oi ; z m ' T � , o e , . aart . , ',. ,. , suewz,ow a . ��,. .. �� ' w° e�rtso�o , � � i ,. ''.,. � eaR s w c ' I Q .. '' . d .. , '', . e �. . �• , �. . ��,',. va�ewz - '. e b N C i � Q _ '�., � ma,t i OI L 8 � � �, " � E� i q g Q ' i�t,o19 o g� O �' � �. �.. � � e� am � ' a . . . . - sWuow p , d ��, . a �� 9%t d E ) . '�. � ' . 541uow Yn � ' . .. . LaK m � IN $ 3 ' s4luow T .. I . . � , t o�� - . I ,. '. . 41uo � f � �. � \ 4 ueYl nel ; . . . \ ^_F o A` � eP e � ' .. d � in v n ry � � ' . � W^!lo% . . . . �. z 6 W � Q � O Z J m W � ��LL m �.. � . , .. a� m I w a m — } o �� wz `v m e a r �. , o � � v f zolllN e s e � ll W Z o 0 o e a � N o0 0 0 0 W� � � � WZ ... w �c �n n v p I�—_.. . - _.— . .. ..—._._ I�1��--_ � l Q d $ 0000 <v � � � BM � o O oJ O O O N W 41 N O Of h I� ��. `A� `� o `�u�i � og `Am � m ! ; ' � � O fA N O � Q �V H . � � � � m w �»� ` � w u° �� o V v � � Q` W O O N O (D t0 t0 O N V N <v - , �o '� W S O O N 10 N aD N O t7 Ol N � . I S ovio �dr �omvov �oor �. o vi�owmro � inMwm mrn � LL �� m �n � m �o io t� (") l0 N W OD W N ln E cti mrio� � � o`f'o 5m . � m � wusui� c� o o . a' o � �� m� Z SSommm °' o � � � <`or�i um � ' m �rv "�'� c°r m ro o o � � � � `o � � mp tO N aD W V M�(] aD �Cl C(p 5 a � V In l�) � O W V N N l�`l (d a Y . m � rnmaro `^'A m 'A�n F � . N t9 tA�A fH in O O � � ' � � � f9 f9 O � 'j�i , . � V � 6 . � � p a j N m C p J � `-' p Ul O. O F p O O � y aa � � � m U � c c d O Z`a �- a o a , m O O N U� a � � � Ui =� W a ,. E U � W c � rnrnU � ID j N N me � � L'� E L° `° u' 'w 'm 7 "m 2,'" �. e a w t� v a+ �u m m c x - �. C r m t E v v m a w o '� � a � I a � c°1iLL. oaciLLLLF= F- � mc9 � LL �� ' � � zs 0 e o 0 0 � _1__ _ -_ _ � STATE OF CALIfOflNIA � MATf FONG.Tieaeursr OFFICE OF THE TREASURER SACHAMENTO LOCAL AG$NCY INVS3TMENT FUND P.o. sOx 942809 Date: 10/31/96 3ACRAMENTO, CA 94209-0001 Paqe: O1 OCTOBSR, 1996 STATBMBNT ACCOUNT NUMBSR: 98-33-621 CITY OF PALM DBSBRT ATTN: CITY TR8A3I1RBR 73510 FRBD WARING DRIVS PALM DS3BRT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATB TYPB NO CALLEI� AMOUNT BALANCB --------- ----------- ---- ------ ------ --------------- --------------- BEGINNING BALANC$ - RSG $16,014,609.92 10/15/96 10/11/96 DD 713 SYS $227,588.50 $16,242,198.42 10/24/96 10/23/96 RW 714 J8R -$4,000,000.00 $12,242,19$.42 10/25/96 10/25/96 RD 715 JER $3,850,000.00 $16,092,198.42 --------------- S'NDING BALANCS - R}3G $16,092,198.42 GRAND TOTAL $16,092,198.42 :ca=masa�ssaxcv SUMMARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WI2'F�RAWAL AM'1' ---------- ----------------- -------------------- R&G 2 $4,077,588.50 -$4,000,000.00 r- r �' c� w w ,_..� CC: BARBARA WRIGHT "' ` `� �ESTMENT & FINANCE COMMITTEE w �- �.o c E � � � � w t � � � � w � � U Z i. � N Q 0 F— Z :.3 li � � STATE OF CALIFORNIA MATT FONG,Treasurer OFFICE OF THE TREASURER SACRAMENTO � LOCAL AGBNCY INVESTMENT FUND P.O. BOX 942809 Date: 10/31/96 SACRAMENTO, CA 94209-0001 Paqe: O1 OCTOSSR, 1996 STATEMENT ACCOUNT NUMBBR: 65-33-015 PALM DSSSRT RBDBVSLOPMBNT AGSNCY ATTN: PAUL GIB30N� TRBASURER 73-510 FRED WARING DRIVS PALM DESBRT CA 92260 SFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DAT& DATB TYPB NO CALL$R AMOUNT BALANCS --------- ----------- ---- ------ ------ --------------- --------------- BEGINNING BALANC$ - REG $5,681,060.39 10/O1/96 10/O1/96 RD 709 JSR $2,000,000.00 $7,681,060.39 10/02/96 10/02/96 RW 710 JER -$2,250,000.00 $5,431,060.39 10/04/96 10/02/96 RD 711 JSR $4,000,000.00 $9,431,060.39 10/15/96 10/11/96 DD 712 SYS $105,076.46 $9,536,136.85 --------------- SNDING BALANCE - R13G $9.536,136.85 --------------- GRAND TOTAL $9,536,136.85 assecaee=�xavve 3UNII�IARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WI'rFIDRAWAL AMT ---------- ----------------- -------------------- REG 3 $6,1Q5,076.46 -$2,250,000.00 ��., -� c, Z � o s < rn = � � � � rn CC: BARBARA WRIGHT W m � INVESTMENT & FINANCE COMMITTEE � '> � 3 � v —+ r*n � i F—� rn f*� � 7 � � -� STATE OF CAIIFORNIA MATf FONG.Tree�uier OFFICE OF THE TREASURER SACRAMENTO LOCAL AGBNCY INVBSTMENT FUND P.O. BOX 942809 Date: 10/31/96 SACRAMENTO, CA 94209-0001 Page: O1 OCTOSER, 1996 STATEMENT ACCOUNT NUMBER: 11-33-002 AB3107 PALM DSSSRT RBDEVSLOPMSNT AGPNCY ATTN: PAUL GIBSON, TRBASIIRBR 73-510 FRED WARING DRIVE PALM DESERT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATE TYPS NO CALLER AMOUNT BALANCB --------- ----------- ---- ------ ------ --------------- --------------- BEGINNING BALANCF - INT $170,871.63 10/04/96 10/02/96 RW 706 JER -5170,871.63 $0.00 10/15/96 10/11/96 DD 70� SYS $58,461 . 19 $58,461.19 10/18/96 10/17/96 RW 708 JER -$58,461.19 $0.00 --------------- SNDING BALANCE - INT $0.00 CC: BARBARA WRIGHT co �, �; INVESTMENT & FINANCE COMMITTEE o a j rn = � � � T rn W v � m r �J > ' 3 a v --� m F-` � F-' n i-n � � ? O STATE OF CAUFORNIA MATT FONG,Treesurei OFFICE OF THE TREASURER SACRAMENTO � LOCAL AGENCY INpBSTMENT FUND P.O. BOX 942809 Date: 10/31/96 3ACRAMENTO, CA 94209-0001 Paqe: 02 OCTOBER, 1996 3TAT13ME3NT BOND PROCEBDS ACCOUNT NUMBER: 11-33-002 &FFECTIVE TRANSACTION TRAN CONF AiTPH TRANSACTION DATE DATE TYP& NO CALLER AMOUNT BALANCE --------- ----------- ---- ------ ------ --------------- --------------- SEGINNING BALANCE - 8/P $4,000,000.00 B/P ID: 8902071 MATURITY DATE: 10/04/96 BEG BAL: $4,000,000.00 10/04/96 10/02/96 BW 705 JSR -$4,000,000.00 END BAL: $0.00 --------------- BNDING $ALANCE - B/P $0.00 --------------- BNDING BALANCE - INT --------------- GRAND TOTAL $0.00 asaasa-asaxa=ae SUlII�IARY TRAN COUNT TOTAL DBPOSIT AMT TOTAL WITfIDRAWAL AMT ---------- ----------------- -------------------- INT 2 $58,461.19 -$229,332.82 8/P 1 $0.00 -$4,000,000.00 ---------- ----------------- -------------------- TOTAL 3 $58,461.19 -$4,229,332.82 � T !J 0 Z —1 rn n '� c� � • m �' � � > m r � � � 3 a a �, --i m � � � � � a � ^I -� State of California Pooled Money Investment Account Market Valuation 10/31/96 Descrlption Carrying Cost Plus Estimated Accrued Interest Purch. Markef Value Accrued Interest United States Treasu : Bills $ 2,186,867,442.34 $ 2,258,245,700.00 NA Stri s $ 309,526,280.00 $ 367,177,460.00 NA Notes $ 5,194,018,213.75 $ 5,168,738;680.00 $ 61,690,713.00 Federal A en : Bonds $ 812,991,406.79 $ 810,313,919.60 $ 11,050,774.64 Floaters $ 419,954,031.02 $ 420,377,800.00 $ 2,652,246.90 MBS $ 161,857,396.74 $ 162.553.576.66 $ 956,038.85 NA $ 12,159,860.60 $ 12,178,774.25 $ 215,095.73 GNMA $ 3,812,219.48 $ 4,295,832.36 $ 36,498.89 SBA $ 153,443,992.37 $ 154,861,323.49 $ 1,545,62229 FHLMC PC $ 32,856,992.11 $ 35,290,371.66 $ 527,729.49 Discount Notes $ 374,004,701.39 $ 379,319,650.00 NA Bankers Acce tances $ 380,356,674.81 $ 380,356,674.81 NA Co orate: Bonds $ 1,427,081,086.52 $ 1,428,045,192.04 $ 19,598,T36.24 Floaters $ 554,490,229.77 $ 554,880,005.00 $ 6,186,774.12 CDs $ 4,950,683,969.17 $ 4,995,100,408.45 $ 16,205,107.78 Bank Notes $ 770,006,828.55 $ 781,903,352.11 $ 5,876,236.11 Re urchase A reements $ 589,664,000.00 $ 589,664,000.00 NA Time De osits $ 337,295,000.00 $ 337,295,000.00 NA AB 55 &GF Loans $ 2,217,022,170.00 $ 2,217,022,170.00 NA Commercial Pa er $ 5,965,014,205.38 $ 5,972,637,870.62 NA Reverse Re urchase $ 404,875,000.00 $ 404,875,000.00 $ 3,914,567.71 TOTAL $ 26,448,237,700.19 $ 26,619,382,761.04 $ 122,627,006.32 Estimated Market Value Including Accrued Interest $ 26,742,009,767.36 � � � NOTE: Repurchase Agreements,Time Deposits,AB 55 8 Generel Fund loans, and — Reverse Repurchase agreements are carried at portfolio book value(cartying cost). � a � � � • Certificates of Deposit(CDs), Bank Notes(BNs), and Commercial Paper(CPs)less �' m w � i than 90 days are caRied at portfolio book value (carrying cost). Interest accrued r., � from the date of purchase on CDs and BNs under 90 days is not inGuded. � a = � a o � � rn � + JJ rn r w � � -1 --1 POi,.,ED MONEY INVESTMENT ACCI.�NT CITY �F I':,L�d J[;�'=RT SUMMARYOFINVESTMENTDATA FINaYCE C��kRT1•'ENT '96 DEC 3 f�� 1`� ��Mp�SON OF OCTOBER 1996 WITH OCTOBER 1995 (Douars in'I'Lousanas> . t'�C1C1'pBER 1996 OCT'aBER 1995 GH��IGE Average Daily Portfolio $26,652,250 $24,405,952 +$2,246,298 Accrued Earnings $126,789 $119,570 +$7,219 Effec6ve Yield 5.601 5.784 -.183 Avecage Life—Month End(in days) 234 285 -51 Total Security Txansactions Amount 515,184,563 $14,193,944 +$990,619 Number 349 337 + 12 Total Time Deposit Tiansacaons Amount $213,190 5330,000 -$116,810 Numbcr 24 14 + 10 Average Workday Investment Activiry 5699,898 5691,616 +$8,282 Prescribed Demand Account Balances For Services $130,517 $148,209 -$17,692 ForUncollectedFunds $145,631 5120,133 +$25,498 LOCAL AGENCY INVESTMENT FUND* SUNIlVIARY OF ACTIVITY OCTOBER 1996 BEGINNING BALANCE DEPOSTTS WITHDRAWALS MONTH END BALANCE $9,938,357,343.75 $1,081,384,709.28 $993,515,084.07 $10,026,226,968.96 'Local Agency Inveshnent Fund Invested Tluough Pooled Money Investment Account r �yriopsis of Minutes Local�Agency Advisory Board � �. W W � m � E Meeting of September 23, 1996 � � � . J {aJ K p � L � � � V � Z W r Q � �e t�visory Board dealt with five specific issues at this meeting. • The first issue was to administer the oath to newly appointed board members Linda Barnett, City Treasurer, City of Torrance and George Jeffries, President, GW Jeffries and Associates. • The second issue was the introduction of the LAIF monthly Newsletter. The Newsletter is a new addition to the Pooled Money Investment Boaxd monthly report and will provide an additional means of communication between the STO and participating agencies. • The third issue addressed the question of whether the local agency has the choice of holding the Participant Identification Number (PIN) themselves, or whether the County can hold the PIN on their behalf. The answer is the local agency has the choice of holding the PIN or having the County hold it on their behalf: • The fourth issue was the announcement that the final phase of ba.nk � mergers have been completed. As of September 21, 1996, a11 remaining First Interstate Bank branches were converted to either Wells Fargo Bank or Home Savings of America and Bank of California branches became Union Bank of California. New wiring instructions were sent to all LAIF agencies effected by the mergers. • The fifth issue was to approve dates for 1996/97 LAIF Advisory Board meetings. Those dates are: December 12, 1996, March 6, 1997,June 6, 1997, September I 1, 1997, and December I 1, 1997. The Board approved fhe LAIF Annual Conference to be held in conjunction with the California Society of Municipal Finance Officers Conference, sponsored by the League of California Cities, in Sacramento on Ma.y 1-2, 1997. PALM DESERT OFFICE COMPLEX FIN.ANCIAI. ST4TE14IENTS OCTOBER 31, 1996 � "1 C. � • � Z -i T K n n r+ , r.� ^i W O -� r*� = � ^� �� ^J C: -1 ri (V i c: r't rn N � � N ~ �� OSCAR G. ARl ~ J O�`e Certified Public Accountant V11 74-133 EL PASEO, SUITE 8 • PALM DESERT, CALIFORNIA 92260 • (G19)773-4078 • FAX(619)773-4079 November 26, 1996 Palm Desert Office Complex Palm Desert, Califomia I have compiled the accompanying balance sheet of Palm Desert Office Complez, as of October 31, 1996, and the related income statement and statement of cash flows for the ten months then ended, in accordance with statements on standazds for accounting and review services issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements information that is the representadon of management. I have not audited 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 requiced by generally accepted accouating principles. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the organization's financial position,tesults of operations and cash flows. Accordingly, these financial statements aze not designed for those who aze not infocmed about such matters. Sincerely, Oscaz . Armijo Certifie,d Public Accountant MEMBER MEAIOER Calgornta Sociery oj Amerlcan lnstttute oj Cerdfled Publlc Accoantartu CnttJtsd Publtc Accoarttrtnfs Palm Desert Office Complex Balance Sheet October 31, 1996 Assets Current Assets Cash in Bank-Reserve Account $ 24, 352.95 Cash in Bank 381,198. 64 Cash in Bank -Security Deposit 23 , 842.75 Total Current Assets $ 429, 394.34 Fixed Assets Building 444 2,585, 000.00 Accumulated Depreciation (60,758.50) Buildinq 555 1, 085, 000. 00 • Accumulated Depreciation (25,501. 30) Building Improvements-Bldg 444 82,420. 02 Accumulated Depreciation (1,831.56) Total Fixed Assets 3 , 664 ,328.66 Total Assets $ 4, 093,723.00 E�c �acountants' Compilatioa ReY�rt Palm Desert Office Complex Balance Sheet October 31, 1996 Liabilities and Equity Current Liabilities Security Deposit Payable $ 23, 712.50 Deferred Revenue 1, 400. 00 Total Current Liabilities $ 25, 112.50 Long Term Liabilities Equity Equity 3, 670, 000. 00 Retained Earnings 19,968 .83 Current Income (Loss) 378, 641. 67 Total Equity 4 , 068, 610.50 Total Liabilities & Equity $ 4, 093 ,723. 00 See Accountants� Compilation Report Palm Desert Office Complex Income statement For the Period Ended October 31, 1996 1 Month Ended 10 Months Ended Oct. 31, 1996 Pct Oct. 31, 1996 Pct Revenue Rent Receipts $ 58,919.49 99.45 $ 700, 360.94 99.69 Other Income 0. 00 0. 00 263 .49 0. 04 Interest Income-Security 19 .54 0.03 343 .27 0.05 Interest Income-General 308 . 04 0.52 1, 535.98 0.22 :otal R�venu� 59, 247 .07 100. 00 702,503.68 100.00 Operating Expenses Insurance 0. 00 0. 00 6, 052 . 08 0.86 Office Expense 0.00 0.00 354.38 0.05 Office Maintenance 0.00 0. 00 1, 099.00 0.16 Repairs & Maintenance-Di 413 . 08 0.70 5,226.65 0.74 Repairs & Maintenance-Bu 3,860.54 6.52 22,078.49 3 .14 Repairs & Maintenance-Ja 2,875. 00 4.85 31, 674 .55 4.51 Landscaping 542. 00 0.91 9, 816.29 1.40 Professional Services 10, 000. 00 16.88 79, 387.22 11.30 Repairs and Maintenance 63 .49 0. 11 1,769.92 0.25 Property Taxes 0.00 0. 00 39,568.11 5. 63 Telephone 291.27 0.49 2,460.28 0.35 Security 0.00 0. 00 990. 00 0.14 Utilities 5, 129. 31 8. 66 43 , 135.48 6.14 Total Expenses 23 , 174 . 69 39. 12 243, 612.45 34. 68 Operating Income 36, 072.38 60.88 458,891.23 65.32 Depreciation Expense 8, 299. 69 14.01 80,249.56 11.49 Total Other Income (8 ,299 . 69) ( 14. 01) (80,249. 56) ( 11.49) Net Income (Loss) $ 27,772.69 46.88 $ 378, 641. 67 59 .90 see Accountants� Compilation Report il/21/96 Palm Desert Office Complex Company: PDI 15: 19 General Ledger - Period Ending 10/31/96 Page: : Date Mt Ref � Account Description Current Year-To-Date -------- -- ------ --------- -------------------- ------------- ------------- Beginning Balance 102 Cash in Bank-Reserve Account 21, 441. 98* 10/31/96 10 JE4 102 Rent Reserves 2,910.97 Ending Balances = 2, 910.97* 24, 352.95*� Beginninq Balance 110 Cash in Bank 348,756.77* 10/31/96 10 JE2 110 Cash 58,219.49 10/31/96 10 JE3 110 Cash in Bank-General 308.04 10/31/96 10 JE4 110 Cash -2, 910. 97 10/31/96 10 CD10 110 Cash Disbursements -23 , 174.69 Ending Balances = 32,441.87* 381, 198. 64*� Beginning Balance 112 Cash in Bank -Security Deposit 18, 710.71* 10/31/96 10 JE2 112 Security Deposit- 6,787.29 Cash 10/31/96 10 JE2 112 Security Deposit- -1, 674 .79 Cash 10/31/96 10 JE3 112 Cash-Security 19 .54 Deposits Ending Balances = 5, 132 . 04* 23 ,842.75*+ Beginning Salance 151 Building 444 2,585, 000.00* Endinq Balances = 0. 00* 2,585, 000. 00*+ Beginning Balance 152 Accumulated Depreciation -55,235. 00* 10/31/96 10 JE1 152 Accumulated -5,523 .50 Depreciation Ending Balances = -5, 523 .50* -60,758.50*� Beginning Balance 153 Building 555 1,085,000.00* Ending Balances = 0. 00* 1, 085,000.00** Seginning Balance 154 Accumulated Depreciation -23 , 1E3.00* 10/31/96 10 JE1 154 Accumulated -2, 316 . 30 Depreciation Ending Balances = -2, 318. 30* -25,501.30** Beginning Balance 157 Building Improvements-Bldg 444 82,420.02* Ending Balances = 0.00* 82, 420. 02*� Beginning Balance 158 Accumulated Depreciation -1, 373 .67* 10/31/96 10 JE1 158 Accumulated -457.89 Depreciation Ending Balances = -457.89* -1,831.56** Beginning Salance 203 Security Deposit Payable -18, 600.00* 10/31/96 10 JE2 203 Security Deposit 1, 674 .79 Payable 10/31/96 10 JE2 203 Security Deposit -6,787 .29 Payable 11/21/96 Palm Desert Office Complex Company: PDI 15: 19 General Ledger - Period Ending 10/31/96 Page: . Date Mt Ref � Account Description Current Year-To-Date -------- -- ------ --------- -------------------- ------------- ------------- Ending Balances = -5, 112 . 50* -23,712.50* Beginning Balance 211 Deferred Revenue -2, 100. 00* 10/31/96 10 JE2 211 Deferred Rent] 700. 00 Ending Balances = 700. 00* -1,400.00* Beginning Balance 280 Equity -3, 670, 000.00* Ending Balances = 0. 00* -3, 670, 000.00*� Beginning Balance 281 Retained Earnings -19,968.83* Endinq Balances = 0. 00* -19,968.83*� Beginning Balance 301 Rent Receipts -641,441.45* 10/31/96 10 JE2 301 Rent Revenue -58, 919.49 Ending Balances = -58, 919.49* -700,360.94*' Beginninq Balance 302 Other Income -263.49* Ending Balances = 0. 00* -263 .49*+ Beginning Balance 303 Interest Income-Security Dpsts -323 .73* 10/31/96 10 JE3 303 Interest-Security -19.54 Deposits Ending Balances = -19.54* -343.27** Beginning Balance 304 Interest Income-General Chckng -1,227.94* 10/31/96 10 JE3 304 Interest-General -308.04 Ending Balances = -308.04* -1, 535.98*i Beginning Balance 650 Depreciation 7, 841.80* Ending Balances = 0.00* 7,841.80*� Beginning Balance 680 insurance 6, 052.08* Ending Balances = 0.00* 6,052.08*i Beginning Balance 710 Office Expense 354.38* Ending Balances = 0.00* 354.38*� Beginning Balance 711 Office Maintenance 1,099.00* Ending Balances = 0. 00* 1, 099.00*i Beginning Balance 712 Repairs & Maintenance-Disposal 4,813 .57* 10/8/96 10 1152 712 Waste Management of 35. 06 the Desert 10/24/96 10 1170 712 Waste Management of 378. 02 the Desert Ending Balances = 413 . 08* 5,226. 65*� Beginning Balance �13 Repairs & Maintenance-Building 18,217.95* 10/8/96 10 1153 713 Dewey Pest Control 76. 00 11/21/96 Palm Desert Office Complex Company: PD: 15: 19 General Ledger - Period Ending 10/31/96 Page: Date Mt Ref � Account Description Current Year-To-Date -------- -- ------ --------- -------------------- ------------- ------------- 10/8/96 10 1159 713 Otis Elevator Co. 70.33 10/8/96 10 1160 713 Hugh Hoard 712. 04 10/24/96 10 1163 713 Gerald E. Schmitz 75.00 10/24/96 10 1168 713 Hugh Hoard 306.52 10/24/96 10 1169 713 CVAG 2, 620. 65 Ending Balances = 3,860.54* 22,078.49* Beginning Balance 714 Repairs & Maintenance-Janitor 28,799.55* 10/24/96 10 1164 714 Desert Building 2,875. 00 Services Ending Balances = 2, 875. 00* 31,674.55* Beginning Balance 715 Landscapinq 9,274,2g* 10/8/96 10 1158 715 Sir Michael�s 542.00 Enterprises Ending Balances = 542.00* 9,816.29*� Beginning Balance 723 Professional Services 69, 387.22* 10/8/96 10 1156 723 Oscar G. Armijo, CPA 2, 000.00 10/24/96 10 1165 723 Mason & Mason 6,000. 00 10/24/96 10 1167 723 Oscar G. Armijo, CPA 2, 000. 00 Ending Balances = 10,000. 00* 79, 387.22*� Beginning Balance 730 Repairs and Maintenance 1,706.43* 10/8/96 10 1154 730 Paragon Signs 63 .49 Ending Balances = 63 .49* 1,769.92*� Beginning Balance 756 Property Taxes 39,568. 11* Ending Balances = 0.00* 39,568.11*� Beginning Balance 760 Telephone 2, 169.01* 10/8/96 10 1155 760 GTE CA 107. 09 10/24/96 10 1162 760 GTE California 63 .93 10/24/96 10 1166 760 GTE California 108.88 10/24/96 10 1171 760 AT&T 11.37 Ending Balances = 291.27* 2,460.28*� Beginning Balance 765 Security 990. 00* Ending Balances = 0. 00* 990. 00*� Beginning Balance 775 Utilities 38, 006. 17* 10/8/96 10 1157 775 CV Water District 95.42 10/8/96 10 1161 775 Edison Co. 5, 033.89 Ending Balances = 5, 129.31* 43, 135.48*Y Beginning Balance 812 Depreciation Expense 64, 108. 07* 10/31/96 10 JE1 812 Depreciation Expense 8,299. 69 Ending Balances = 8,299.69* 72,407.76*i li/21/96 Palm Desert Office Complex Company: PDI 15: 19 General Ledger - Period Ending 10/31/96 Page: � Date Mt Ref � Account Description Current Year-To-Date --^----- -- ----- --------- -------------------- ------------- ------------- '-^�ral Ledger is in balance 0.00*� 38 Transac Current Prc "" . 67 w � � � ^ A �Y � �� c� � � � 8 � �� _ z� � � �� 0 wu � z � G �� .. � y � o r� .� � � . �� F A � • ul � S+ ? V Q,' � �I�� 4 � � �. � aa U W � �a � �� a� 2 � � � w �o w 3 � � � a E I� � � � a � � q � : � � � v -. L ^ V�j u � °� � $ o �(� � � � a � ' '{`�h x � •� y-1 V h • T 'CJ 4 � � ,LL� VJ 4 . L �I 0. • u # �°0 0 N F . ;fl � w R � � ~ � S Y � �I V U � p � a A . ,o q � F H ,`+ � � �, '°a, o � � c� " � � � d � E., o v � r�, a Q ,y oa .. U p :: x `° „ � :" i ~' fy •", o a", �. ° � • � Q o a N � �i . e.� 7 � --_ . r il/21/96 Palm Desert Office Complex Company: PDP 15: 19 Transaction Listinq Page: 1 Period Ending: 10/31/96 Date Mt Ref # Account Description Item Amt Ref Amt -------- -- ------- ---------- -------------------- ------------- ------------- 10/31/96 10 JE1 152 Accumulated Depreciation -5,523 .50 10/31/96 10 JE1 154 Accumulated Depreciation -2, 318.30 10/31/96 10 JE1 158 Accumulated D�preciation -457.89 10/31/96 10 JE1 812 Depreciation Expense 8, 299.69 10/31/96 10 JE2 110 Cash 58,219 .49 10/31/96 10 JE2 112 Security Deposit- Cash 6,787.29 10/31/96 10 JE2 112 Security Deposit- Cash -1, 674.79 10/31/96 10 JE2 203 Security Deposit Payable 1, 674.79 10/31/96 10 JE2 203 Security Deposit Payable -6, 787 .29 10/31/96 10 JE2 211 Deferred Rent] 700.00 10/31/96 10 JE2 301 Rent Revenue -58, 919.49 10/31/96 10 JE3 110 Cash in Sank-Genesal 308.04 10/31/96 10 JE3 112 Cash-Security Deposits 19.54 10/31/96 10 JE3 303 Interest-Security Deposits -19.54 10/31/96 10 JE3 304 Interest-General -308.04 10/31/96 10 JE4 102 Rent Reserves 2,910.97 10/31/96 10 JE4 110 Cash -2,910.97 10/8/96 10 1152 712 Waste Management of the Desert 35.06 35.06 10/8/96 10 1153 713 Dewey Pest Control 76.00 76.00 10/8/96 l0 1154 730 Paraqon Signs 63.49 63.49 10/8/96 10 1155 760 GTE CA 107.09 107.09 10/8/96 10 1156 723 Oscar G. Armijo, CPA 2, 000.00 2,000.00 10/8/96 10 1157 775 CV Water District 95.42 95.42 10/S/96 10 1158 715 Sir Michael's Enterprises 542.00 542.00 10/8/96 10 1159 713 Otis Elevator Co. 70.33 70.33 10/8/96 10 1160 713 Hugh Hoard 712 .04 712.04 l0/8/96 10 1161 775 Edison Co. 5,033.89 5,033.89 l0/24/96 10 1162 760 GTE California 63.93 63.93 10/24/96 10 1163 713 Gerald E. Schmitz 75. 00 75.00 10/24/96 10 1164 714 Desert Buildinq Services 2,875.00 2,875.00 10/24/96 10 1165 723 Mason & Mason 6, 000. 00 6, 000.00 10/24/96 10 1166 760 GTE California 108.88 108.88 10/24/96 10 1167 723 Oscar G. Armijo, CPA 2, 000. 00 2, 000.00 10/24/96 SO 1168 713 Hugh Hoard 306.52 306.52 10/24/96 10 1169 713 CVAG 2 , 620. 65 2,620.65 10/24/96 10 1170 712 Waste Management of the Desert 378. 02 378.02 o��, Palm Deeat OFfice Complex � Ban1c Reconc311aHon For Accovnt 149fr1-01948 For Month Ending Octobet 1996 BeginninB Balance 370.198.75 Add: Gsh Recdpb 58,219.49 Iataeet 308.04 I.eex Geh Dieburxmenb 23,174.69 Service Charge - Ending Balance 405551.59 / Balanee Per Bank 415,170.% Depoeib in Traaett _ Ltex Oubtanding Checke. 9,619.37 / Endiag Balance lOSSSL59 Oubtandiag Chcek I3st Check Number Payee Amoua! 1099 Get Alazmed Security 55.00 1162 GTE Califomia 63.93 1163 Gereld Schmitz 75.00 1165 Meson&Meson 6,000.00 1166 GTE Califomia 108.86 1168 Hugh Hoerd 306.52 1369 CVAG 2,620.65 1170 Waste Menegement 378.02 1170 ATds7 11.37 TotalOutstanding 9,619.37 Preparad by Oscar G. Armijo, CPA 11/14/96 Paga 1 City of Palm Desert 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260-2578 TELEPHONE(619)346-0611 FAX(619)340-0574 December??, 1 96 I 1 [ 1 � � �� f 1 REQUEST FOR PROPOSAL FOR BANKIHG SERVICES, CUSTODIAL SERViCES AND TRUST�SERVICES Th2 Clty Of P211fl D25B1'C IS SOIICItlflg pfOp05215 t0 pI'OVItle Ba�kl�g S2NIC25, Custodlas services antl Trustee Services. 7he following�Request for Proposal" outlines the scope of the request, informatlon required, evaluation criterla, antl other relevant Information. If your firm would Iike to be consideretl for any one or more of these contracts, Vour response must be submittetl no later than 5:00 p.m. , 011 to the following address: Clty of Palm Desert Clty Clerk/Community Affalrs DlrectOr Of FlnanCe/Clty TreaSUrer 73-510 Fred Waring Drive Palm Desert, CA 92260 PI22S@ IntliCate On th2 OUtSitle Of the enVelOpe that it IS an RFP antl IiSt the SeNICeS tOr WhICh y0u are submitting proposals(Banking Services, Trustee Services and/or Custodial Servlces). It Is the responslblllty of the proposer to ensllre that the proposal arrlves on tlme at the rlght place. Anv proposals receivetl after the above time will be dlsqualifled. mere wui be a MAN�ATORr pre-proposai conference at p.m.on In tne North wing Conference Room. only those firms wnicn attend tne :�re-proposal conference will be consldered. All questions regarding this proposal snoultl be tlirectetl to Paul Gibson , FI172�C2 DI�eCt0lYCity Treasurer at (619)3460611 ext.320, or Jean Rutn, Investment Manager, ext. 383. SlncereW, Paul S. Gibson Director of Flnance/City Treasurer enClosure )er �� .��a Paper ... . . .._... _._ .. .... . . . .... . C/TY OF PALM DESERT REQUEST FOR PROPOSAL FOR GENERAL BANK/NG SERV/CES CUSTOD/AL SERV/CES TRIJSTEE SERV/CES DECBNBER ??, 1996 C17Y OF PALM DESERT 73-510 FR@D WARING DRIVE PALM DESERT, CA 8ZZ60 ��C� �� _ _ _ _ _ __ _ _ _ ' CITY OF PALM DESERT ' BANKING, CUSTODIAL, AND TRUSTEE SERVICES REDUEST FOR PROPOSAL TABLE OF CONTENTS SECTION I: INTRODUCTION 1. Background 4 2. General Requirements 4 3. Proposal Process 5 a. Mandatory Conditions During Contract Period 6 SECTION II: PROPOSAL INSTRUCTIONS 1. Intent 8 2. PI'OpOS21 FOfi11 8 3. No Proposal 8 4. Multiple Proposals 8 5. Sealed Proposal 8 6. Public mformation 8 7. Responses to Proposer Questions 8 8. Contact Office 9 9. Right to ReJect Proposals and Waive Information 9 10. Agreement 9 11 Incorporatton of RFP & Propo521 ln Agreement 9 12. Amendments to Agreement 9 13. Electronic Data Interchange Optfon 9 SECTION III: BANK EVALUATION 1. Report of Capital and Surplus 10 2. Collateral for Deposft of Collected Funds 10 3. Required Financial Information 10 4. Criteria for Selection 10 5. Selection Committee 10 SECTION IV: SCOPE OF BANKING SERVICES 1. Contract Terms 11 2. Required Banking Services 11 3. Optional banking services 14 4. Pricing of Banking Services 15 SECTION V. - SCOPE OF CUSTODIAL SERVICES 1. Contract Terms 17 2. Requfred Custodial Services 17 2 ' CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL 3. Optional Services 19 SECTION VI. - SCOPE OF TRUSTEE SERVICES 1. Contract Terms 20 2. Required Custodial Services 20 3. Optional Services 22 PROPOSAL SUBMISSION PACKAGE - B211ki11g S2YVIC@S OVERVIEW 23 Exhibit A - Proposal Cover Sheet 24 Exhlbit A -Bank Contact Information 25 Exnibit a - Account Maintenance informatton 25 exntbit a - Pro-forma Pr�cing Matrix 26 ExhfDit A - Prlcing Proposal 27 Exhlbit A - Interest Earnings Proposal 28 Exhibit A - Community Reinvestment Act 28 Exhibit A - Required Services Proposal 29 Exhibit A - Optional Services 33 Exhibit A - References 37 PROPOSAL SUBMISSION PACKAGE - CUSTODIAL SERVICES 38 Exhibit B - Proposal Cover Sheet 39 Exhibft B - Bank Contact Information 40 Exhibit B - Pricing Proposal 41 Exhibit B - References 42 PROPOSAL SUBMISSION PACKAGE - TRUSTEE SERVICES 43 Exnibit C - Proposal Cover Sneet 44 Exhibit C - BanK Contact Information 45 Exhibit C - Pricing Proposal 46 Exhibit C - References 47 3 .... __ _ __ _ _ __ ' CITY OF PALM DESERT - BANKING, CUSTODIAL, AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL SBCTION I: INTRODUCTION 9.Bac�tOround The City of Palm Desert (herelnafter referred to as "City") was Incorporated in 1973 as a general taw city, wlth a five member Clty Council serving overlapping four year terms. 7he Council selects one of Its members to serve as mayor, and appoints a City Manager to conduct the day to day business of the CIty. It has a full-time staff of 115 employees. The Clty Is located in the Coachetla Valley and is mid-way between the clties of Indio and Palm Springs. It Is 1�7 miles east of Los Angeles, and 118 miles northeast of San Diego. The city covers an area of 24.75 square miles and has a population of approximately 33,750. The Palm Desert Redevelopment Agency I5 a very active member of the community. There are currently fourteen bond funded capital improvement prolects with a total of outstantling bonds in excess of S160 milllon. In addltion, the housing authorlty provides low and moderate Income famllies with housing assistance. The City provides both police and fire protection through contracts with the County of Riverside. Water and sewer treatment and dlsposal are provided by the Coachella Valley Water Distrlct. 2. Cenera/IPepulrements The City seeks proposals and competitive quotations from banks Interested In providing banking services, custotltal servlces and/or trustee servlces. Wrltten proposals using the official forms provided wlll be accepted until lTbnel. on ldetel at the City Clerk/Community Affairs Department, City of Palm Desert, 73-510 Fred Waring Drive, Palm Desert, CA 92260. Our basic obJective is to malntain the level of service we are receiving from our current provlders at the most reasonable cost. We are also interested in consldering high quality servlces, enhancements,and technologlcal advances to Improve our current cash flow management. we wtll therefore ask that you provide a proposal for the baslc reqWred services and addltional Information that includes the products and services whlch could add improvements to our cash management program. We are asking for proposals in three dlstinct service areas tbanking services, custodlal services and trustee servlces). Some banks may wish to submlt proposals for all three services, others may wish to submlt a proposal for�ust one or two of the services. rn�s RFP is designed with a separate sectlon for each service to allow them to be considered individually. wnen you prepare your proposals, please structure them in a way that will make it possible for the review committee to look at each service Independently. If your bank wlshed to be consldered for more than one area, and the City would realize a cost savings for using your bank in multlple areas, please quote the price that would be chargetl for the Indlvldual services and Indicate the savings that woultl be realized for using more than one servlce area. Respondents to this Request for Proposal (RFPI must complete the forms provided In the Exhibits to this document. Respondents may provlde the same informatlon In an a _ _ __ _ __ . _ .__ ' CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL alternate form but only as an addltion to these forms. Flnancial Instltutions t"bank") wlshing to submit proposais to optlonai servlces not part of the forms may do so. 7he Clty will not reimburse the respondents to this RFP for any costs involved In the preparation and submisslon of proposals, or for the attendanCe at the pre-proposal conference or Interviews. Furthermore, this RFP does not obllgate the City to accept or contract for any expressed or implied services. The City reserves the rlght to request any organlution submltting a proposal to clarlfy its proposal or to supply additional materlal tleemetl necessary to asslst in the selectlon of a financlal Instltutlon, and to moqlfy or alter any or all of the requlrements hereln. In the event that the proposal guldellnes change materially,all respondents who submit a propOS21 wlll be glven an opportunity to motllfy thelr proposal In the speclflc areas that are ImpaCted. 3. PrGposB/Pl'OCBS'S r'"�R1Ef�'SW@ DIStrIbUtlOn Of RFP fQatBl Pre-PfOp0581 COt1f@I'@I1C@ l,pate and T/mel PropoS21 SubmIS5lon fQBtB and T//Ilel P�OpOSaI ReVl2w (DatBJ Interviews with Top Bitlders fDetel Proposals accepted by City Councll f�teJ Notlflcation to Bldders fDaleJ Implemenqtion laateJ we have made every effort to include sufflcient information wlthln thls Request for Proposal for a bank to prepare a responsive, comprehensive proposal. In order to achieve an equltable dlsseminatlon of informatlon, a mandatory pre-proposal conference will be held to allow all interested bank representatives to ask questions for the mutual benefit of all involved. The timing of the proposal process is as follows: a. D/sbr�utfon oiReauest f�Pr�osa/s: (Date of IPf�I b. Il�andatorY Pre�8/d Conference:Our staff will meet collectively with bank representatives seeking addltional information about the proposal process and the RFP. All banks Interested in submitting a proposal must attend the pre•bid conference.The conference Is scheduled for �DeteJ beglnning at �T/nfelln the North Wing Conference Room at Palm Desert City Hall, 73•510 Fred Waring Dr., Palm Desert, Ca 92260. We request that the participating banks advise us of thelr attendees by contacting Paul CIb50n 2t 1619) 346-0611 @Xt. 320 OY JedI1 Ruth 2t(6191346-0611 eXt. 383 n0 later than lDatel. c. Pr�osa/S�in/ss/on:Proposals must be delivered directly to the City Clerk/Community Affalrs Department no later than �el, fDatel. late submissions after the deadline or proposals delivered via fax will not be accepted. A total of five Identical proposals and one unbound proposal that Is suitable for duplication must be submltted and labeled as follows: 5 ' CITY OF PALM DESERT " BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST POR PROPOSAL C/ty oFPa/m Desert Clty perAdCa»man/tyllfFalrs f3-590 A'ed Wa�i�Drlve Pa/in Desel't Ca/Ifornla 9??60 pease mart the outs/de oF enve/ope lnalkad�It Js a response to an l�and the type oF aervke bei�prqposed lBanklnp Servkes, Trustee Serv�Tces, and/or Cristod/a/Servl�Cesl/f you are subm/it/np proposa/s for ma�e than one serv/ce, /ist a//servhes wbmltted. d. Prqpoaa/IP�eriew.- Staff will submit to the review commlttee a report that evaluates all proposals antl summarizes the flndings. The revlew committee wlll evaluate each proposai submltted. It Is anticipated that the revlew process will be completed by ldatel. e. /ntervJew wlth T�B/dde�x The top bidder in each category wlll be asked to come to the Clty to meet wlth City staff. The bank shoultl send at a minimum, the people who wlll work directly with City staff, thelr supervisor, and the account representative. F. Praiposa/s accepted br LYtY Co�nc�- The City Treasurer wl II make a recommendatlon based on the commlttee revlew and Intervlew5, to CIty Councll who will make the final selectlons. After the selections are made, the bankts) will have thirty (30) days to complete negotiations. If that can not be completed In the allotted tlme, the Clty wlll give notice to the bankls) that the Clty wlll contact the next most qualified proposing bank(s) or call for new proposals. q. Not/ilcatlon: we anticipate sending written notification to all banks regard�ng the outcome of the rev�ew and contract award process by ralateL Upon written request, we wlll provide a copy of the winning proposalcs). h. bnp/ementaHon: The awarded bankfs)wlll be required to coordlnate with our staff all the activitles necessary to ensure a smooth transltlon. Conversion activities wlll begln upon notification and are prolectetl to be completed by fdatel. we wlll make every effort to admin►ster the proposal process in accordance with the terms and dates discussed In thls RFP. However, we reserve the rlght to modify the proposal process and dates as deemed necessary. 4. Alandatcry Condldons a�urinp the COMrac�t PieNal a. Bank Charter. The proposer must be a Federal, or State of Callfornla chartered bank,antl must be a member of the Fetleral Reserve System. The bank that is awardetl the Banking Services contract must have a branch banking facility located in the Clty of Palm Desert. It must be maintalned In the Clty of Palm Desert through the duration of the contract and must be able to offer the full range of banking services requlred by this RFP. 6 _ __ _ _ __ _ ' CITY OF PALM DESERT - BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL b. pvaOFfedDepos/LbrYlnGooalStand/np: The proposer must be a qualified deposltory for public funds. It must be a full service bank in good standing with comparable banks and be able to provitle the services sought by the City. e. CominunitylPe/nvesbnent.4ct The proposer must be In compllance and in good standing with the Community Reinvestment Act. The proposer must provide its current CRA designatlon,and Indicate what prolects are In place In the Coachella Valley to satisfy the CRa requirements. d. Cap/ta/�at/on: The proposer must be sufficlently capitalized to accommodate the City's cash/investment management needs. e. On-L/ne Servkex The bank that is awarded the Banking Services Contract must be able to provlde detalled daily on-Iine reports. F. Automated dear/np Nouse Lbpab�Itlea: The proposer must have and maintaln Automated Clearing House (ACH) origlnating bank capabllltles. ThQ pl'Op0581' R1USt COt1f01't11 Wlth the N2t101121 AUtOt112t2d CI@B�Ing HOUS@ ASSOCIatIOn (NACHA)and the UnlfOrm COmmerCial COde ArtlCle 4A tUCC4A) ru�es. p. Non-D/sc�hn/natlon: The City afflrms, and wlll continue to comply wlth, @X2CUtiV2 OPtlef 11246 2S 2fT18tlded by EX@CUtIVe OfUBI' 11375; SECtIOn III of the 1968 Housing Act; and Tltle VI of the 196a Clvil Rights Act. It Is the Clty policy to maintain a posltive program of equal employment opportunity for all employees and applicants regardless of race,sex, creed, color, natlonal orlgln or handicap. By signing this proposal tlocument, the proposing banking Institutlon affirms the same. 7 _ _ _ _ _ _ _ _ _ . . _ __. _ � CITY OF PALM DESERT - BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL SECTION 11: PROPOSAL INSTRUCTIOMS �. /ntent The intent of thls Request for Proposal Is to select one or more banks to provide Banking Services, Custodlal Services, and Trustee Servlces at the same level of servlce we are recelving from our current provlders at the most reasonable cost. 2. Proposa/Form Proposers must use the forms (or exact copies) provlded in Exhlbits A, B, & C. Exhiblt A must be completed for Banking SBrvlces, Exhlblt B must be completed for Custodlal Services and Exhiblt C must be used for 7rustee Services. Each exhiblt must be completed In Its entlrety. 3. NO PY'qpOs9/ If a service requirement cannot be met by a proposer, then the term "No Proposal" should be entered on the proposal form for that speClfiC requirement. In the case of a "No Proposa�" remark, the proposer may offer an alternative equlvalent service. 4.Ik//t/p/e PMopoSa/s A proposer may submit multiple and alternative equivalent proposals for any antl all of the optional banking servlces. 5. Sea/ed PY'Oposa/s A proposal must be submitted in an envelope or package indlcating It contalns a response to an RFP and the type of servlce being proposed (Banking Services,Trustee Servlces, Custodlal Services),along with the proposers name antl atldress. The proposer shall return flve (5) exact copies, and one unbound copy suftable for duplicatlon, of the completed proposal forms and the other pertlnent informatlon (call reports, annual financial reports,availabllity schetlules, etc.) to the following address no later than UTbnel, fdatBl: Clty Of P81fi1 DBSBft City Clerk/Community Affairs 73-510 Fred Waring Drive Palm DeSert CalifOrnia 92260 It Is the responslbllity of the proposer to ensure that the proposal arrives on time at the Clty ClerklCommunity Affairs Department. Any proposals received after fTimelor bV fax will be disqualified. 6.aWb/ie Inio�nfatlon All submitted proposals and information included in and attached to them shall become public record upon their dellvery to the City of Palm Desert. 7. le�esponses to Propose�Oivest/ons We wlll meet collectively wlth bank representatives seeking addltlonal Information about the proposal process and the RFP at the Pre-Proposal Conference. 8 � CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REOUEST FOR PROPOSAL The conference Is scheduled for fDatel beglnning at fTJmel l n the North Wing Conference Room at Palm Desert City Hall, 73•510 Fred Warfng Dr., P21m Desert, Ca 92260. We request that the participating banks advise us of thelr attendees by contacting Paul Gibson at(619) 346-0611 ext 320 or Jean Ruth at ext. 383 no later than lDateJ. 8. Off�e Contaet The only contacts at the Clty of Palm Desert regartling this RFP shall be Paul Glbson, Flnance Director/Clty Treasurer and Jean Ruth, Investment Manager. 9. Rioht to R�ect ProAosa/s and Walve inioimat/on The Ctty reserves the right to relect any or all proposals, to waive any non- 1112t@PI21 IfTeqUl2l'It125 OI' It1f01'm2tI0t1 It1211y RFP,antl to accept or reJect any items or combinatlons of Items. 10.Iipreement An agreement wfli be negotiated with the bank or banks wlth the most qualifietl proposal for each of the three service areas (Banking Services, Custodial Services and Trustee Servicesl. If negotiations are not completed within thirty (30) daVs after the bank(5l are notlfied of selectlon, the clty may give notice to the bank(s) of the City's Intention to select the next most quaiifletl proposing bank(s) or call for new proposals. 91. Jncorpaat/On of RA�and PrqpOsa//n AOreBn/ent This RFP and the bank�s response, Inclutling all promises, warranties, commitments and representations made In the successful proposal shall be binding and shall become contractual obligations, and will be incorporated by reference in Che Clty�s agreement wlth the bankls). ACH, wlre transfer agreements, and cretlit card agreements will be signed In con�unction with the exeCutlOn Of the banking ServlC@5 COntraCt. 12.Mfendinents to Apreements Partles herein reserve the right to make amenqments or modifications to the agreement by written amendment signed by both partles. No amendment shall be effective unless signed by both an authorized bank representative and the City Treasurer. 13.EI@Cb0/Jk�tg/IItBIICh9I1pB�C/OAS The successful Bank must have Electronic Data Interchange (EDII capabilities as the are developed. The Clty expects technical support for EDI at no additlonal cost to the City. 9 _ __ _ ___ _ _ -- . __ _ CITY OF PALM DESEi21 BANKINC, CUSTODIAL, AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL SECTION 111: BANK EVALUATION !. IPeport oF Caplb/and Stnp/as A proposer shall have on file wlth the Clty Treasurer the affldavit of one of its officers stating the amount of its capitai stock and surplus. The bank selected to perform banking services shall malntaln a capital structure in compllance wlth all current federal regulations 2. COI/atere/for Depos/t oF Lb//ected l4�nds The selected provider of banking services Is required to adhere to State of Callfornia Government Code Section 53652. 3. IRe�lred l�itsnda//nfametlon Each proposer shall submit coples of thelr quarterly call reports for the past two (2l years and thelr annual financial reports for the past three (3l years. If the proposing bank Is owned by a holding company,submlt flnanclal statements for both the proposing bank and the holding company bank. Disclosure on any regulatory agreement a proposing Institution is under is also requlred (e.g., Memorandum of Untlerstantling, formal agreement or cease and deslst ortler). These reports wtll be used by the City to determine the flnanclal strength of the proposer. The successful proposeres)shall, during the quration of the contract, continue to furnish updated Issues of each report to the City In a timely manner. � dlter/a Forse/eetlon Criteria for evaluatlon of proposal wlll Include: a) Receipt of proposal by due date as outlined in this proposal according to our specif►catlons bl Flnancial strength and capacity of the banking Instltution. cl The amount of proposed charges and pricing Increases in subsequent vears. d] Overall capablllties of the bank to meet the requlretl servlce levels tlescribed in this RFP. e]The Bank's experlence In providing servlces to the publlc sector, as well as tlediGatetl reSourC@S anq perSonnel. fl Services proposed beyond RFP requirements g)The bank's efforts to understand our banking neetls and goals, and the creativity the bank shows in Introducing new technologles and efficlencles to Improve our current practices and procetlures. h)Any other factors that we believe would be In our best Interest to conslder which were not previously describetl. Judgment criteria are not necessarily Incluslve or Iistetl in priorlty order. S. se%ce%n canmktee The Clty Treasurer will lead a selectlon committee that will)udge the merlt of the proposals received. The sole obJective of the evaluation wtll be to recommend the bankfs) whose proposal(s) Is/are the most responsive to the Clty�s needs. 7he speclfications of the RFP represent the minimum performance necessary for response. Proposals for addlttonal optional services wlll be considered during the flnal selectibn. 10 _ _ __._ _ __ . . _ CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL SECTION IV:SCOPE OF BANKING SERVICES 9. CdYTIPACT TF�NS A. Contract Perlod The selected Institutlon shall be designatetl as the Clty�s depository for the Initial three (3l year term which is anticipated to commence fdate). 7he tlepository contract shall contain an optlonal renewal clause whlch may be used for an atldltional two (2) year period under the same terms and condltions, thereby providing for five (5l years of depository and banking services. s. Cancellation of Contract This contract shall provide that the Clty reserve the right to cancet the contract at any time upon ninety (90) days prior written notice. 2, l�p[//I�D BANK/AIG SEIPV/QE5' Deserlption of Current sank Accoue�s The Citv of Palm Desert currently six csl bank accounts wlth the Bank of America.7he Clty reserve5 the right to inCrease o� deCreaSe the number Of aCC0unt5 required to meet its banking servlces ob)ectives. A.General Operatinp Account The generai operating checking account is non-Interest bearing and Is the main Clty account. All revenues and dlsbursements from the City and Redevelopment Agency are processed through thls account. 7he general account recelves deposits from the City cashler dally averaging about 770 deposit items a month;four (4) State apportionment's (which receive same tlaY creditl, Rlverside County property tax payments that plcked up by the Bank at the County Offlces antl deposited same tlay, wlres from various sources and all Investment receipts from the Bank of New York(Custodianl and First Trust Rrustee). All outgoing wires as well as all Accounts Payable and Payroll checks are drawn on thls account. There is an accounts payable run every week with occaslonal manual checks. The payroll Is bi•weekly with check Issued on wednesday. It Is anticipated that approxlmately 700 to 900 checks will be Issued per month. B. City SavinOs Aacount The savings account Is a passbook account that earns 2% Interest. All Interest earned ts deposited directly Into the savings account. It works In conJunctlon with the general operating account. All tleposlts are transfers from the general checking account and all withdrawals are depositetl Into the generat checking account. All transactions are Initiatetl by telephone transfer through the government services department. C. Olher Accounts 1) Palm Deser!Parkinp Is a deposlt only ZBA account. A third party collects the City�s parking fines antl deposits the revenue Into thls account. It Is necessary for the third party to make the deposlt in Costa Mesa. 7he balance is swept Into the 11 . ___- - _ CITY OF PALM DE5ERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL general operating account. It is anticlpated that four to ten tleposit will be made per month. 2)Selfhelp-The RDA has a program that offers low interest rate home improvement loans to low Income resldents. Flve to ten deposlts are made monthly by the residents to the local branch. Thls Is an analyzed interest checking account. 3)Off(ce Complex Checkir�p Is an analyzed Interest checking account that Is � the operating account for an office building that is managed by a third party for the RDA. 15 t0 25 Ch2CkS 2C2 Wfltt@fl On tf115 2CCOUIIt 111011th1y. a)OFfice Complex Trust is an analyzed interest checking account that holtls securlty deposlts from the tenants In the Office Complex building. These funds must be maintalned separately. Its activity Is minimal,with 1 to 3 checks wrltten and 0 to 2 deposlts per month. Account Maintenance services n. wtre 7ransfers It Is estimated that the City have approximately 5 to 10 outgoing wlres and 5 to 10 Incoming wires per month.The bank shall maintaln wire transfer faclllties to the Federal Reserve Bank for investment purchases or sales antl other transactlons and payments wlth other commerclal banks as requlred. B. Stop Payments It Is estimated that the City wlll Issue 0 to 5 stop payments per month. C. PNntinp The Clty will provlde checks and the bank wlll supply deposit slips printed to the City's speclfications at no addltional cost to the Clty. Approxlmately slx books of single forms will be needed per year for the general checking account. D. NOIFSufflClellt Fu11tl8(NSFI The Clty will deposit from 5 to 20 checks per month that eventually wlll be returned. The checks must be sent through a second time bY the bank be fore they are charged to the account. The only exceptlons would be checks that have no possibility of being good, le.g.l "account closed", "refer to maker" and the Iike. E. Monthly Statements For the Operating Account the City requlres,at a minimum, for the bank to provide a pald check Ilsting In a format acceptable to the Clty withln five (5) buslness tlays after the montn•end. roumerlc check sorting will be completed bY the bank. If the proposing banks have a standard reconclliation product, please provide a detalled descriptlon as well as any differentiating characteristics. Also, provide a full range of modes of communication posslble with your product and any enhancements that are avallable to reduce time and/or costs, Improve check fraud preventlon,streamline data presentation, etc. 7h15 informatlon should be submitted as a separate adtlentlum to 12 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL exhibit A. The City requlres monthly savings account statements that shows a simple Ilsting of deposlts and wlthdrawals and the amount of Interest earned per month within five c5l business days after month-end. Monthly Analysis Statement, if needed csee pricingl must be available withln ten (10) business days of the month-end. F. ReSOurce PersOnnel The bank shall Identify a principal representative In its operatlons department who is avallable to answer questions pertalning to transactlons which requlre more detai►ed explanatlon,and have the ablllty to commit substantlal periods of tlme to the City�s accounts If necessary. Quallficatlons and experience must be Ilsted for the prinCipal representative. If the bank is asked to come to the Clty for an Intervlew, this person must attend the meeting. The City shall be advlsed Immediately of a change In representatives. G. New Accounts If the City develops a neetl tor adtlltlonal accouna or services during tne Itfe of the deposltory agreement, those new accounts or services shall be provided with the same condltlons as apply to exlsting accounts at the time. If the Fetleral Reserve or other regulatory bodles provide for the establlsnment of new accounts or other regulations which are favorable to the Clty the bank shall make those new services available to the Clty. M. DepOsit ServiCes The bank shall credit all deposits received by 5:00 p.m.as good ledger balance funds for the same day. The bank shall also Identify the time and branchcesl where final daily tleposits wlll be accepted. I. C2shier'S Chetks The bank will provide cashier�s checks for use by the City at no cost to the CIty. Other Repulred Servtces A. Daily On-Line ealanee Reportin0 The daily ending balance in the General Operating Account must be avallable to the Clty by 6:00 a.m. on the morning of the next banking tlay. 7he report must show all credit and deblt transactlons wlth Identifying information such as check numbers. s. Loan Administration The Redavelopment Agency is carrying out a program for housing rehabilitation as part of its Low and Moderate Income Housing Program. 7he bank shall holtl all loan tlocuments and collect all payments made on account for the loans. 7he payments will be deposlted into the ZBA account cailed Self Help. C. Bustness Credtt Cards The City currently malntalns two c2) credit cartls with a credlt Iine of S5,000.00. 7he Clty would Iike to contlnue the use of credlt cards. Please describe the banks Issuance of credit cards. 13 CITY OF PALM DESERT " BANKING, CUSTODIAL,AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL D.Safety DepOSit BOX The City required a safety deposlt box that Is large enough to hold two hundred t200) microfllm canisters and one to five elght millimeter computer tapes and one to five quarter inch computer tapes along with some paper documents. Please Indicate the cost of several sizes of safety deposit boxes available and the where this box will be located. E. Same day credit for State Subventions, �ocal a0eney Investmer�t Fund(LAIFl and county apporttonmer�t's The City has two Local Agency Investment Fund (LAIF)accounks wlth the State Treasurer. It Is estimatetl tnat a to 12 cthe maxlmum allowable is a0) withdrawals will be made each month. The City also receives 4 to 6 State subventlon paymenC a month. The Clty must receive same daY�redlt for these payments. Please descrlbe the method the bank uses to process these payments. Twice a year the Clty received a large property tax payment from the CountV Of RIVeP51d2. OUI' CUI'I'811t b811k g0@5 t0 the COUIity OffIC25 COIIeCtS the CheCk and deposits It into the general operating account for same day credit. Please tlescrlbe how your bank would process the large County payments. F. Currency and Chanpe orders The Clty will on occaslon have the need to buy United States and forelgn currency and coln. Please descrlbe the process at Your bank. C. Overdraft Protectlon It may happen that a City account wlll become overdrawn from tlme to time. Please provide Information on your overdraft protectlon plans that would cover the City�s accounts. If this service Is not necessary because of protective features In another plan, (e.g.) positive pay, money market sweeps etc., please provlde that information as well. 3. QDt/O/la/SB/'vICBS The Items Ilsted in this section are ones that the City does not currently use.The Clty is interested is learning about these services and how they could relate to the required services Iisted in section 2. All of these items will be considered separate from the basic service proposal. Please descrlbe the process or service Is great detail. Also include the cost for the servlce. A. On-Line transfers, wires,atop payments The Clty Is Interested In these on•Ilne servlc2S to save ttme and Increase efficiency and accuracy for both the City and the bank. If your bank offers this service, please describe how It works, the hardware requlred at the City,antl tne safeguards and securlty measures tnat are In place to protect the system from fraud. s. �testrucwre accounts The relationship of tne clty�s current bank accounts to each other is minimal. wlth the exceptlon of the parking account which is a ZBA 14 CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL account, all transfers between accounts are completed by phone transfers. Also , a non-Interest bearing general operating account is used for all deposits and accounts payable antl payroll checks. One option City 5taff Is considering Is to create a masCer accounC for a�l deposlts, and non-check dlsbursements. Create a zBA account for accounts payable checks and another for payroll checks that sweep funds from the master to cover the presented checks. Any excess funds in the master account coultl be swept into a money market account overnight for addltlonal Interest earnings. The parking account could also be swept Into the master account. There are many other ways to connect these accounts. Please describe how you would have the accounts Interact.The accounts coultl be Ilnked together using ZBA, money market sweep accounts, NOW, Super Now and others to more efflciently manage the City�s money. Also Indicate how the InteresC rate Is calculated. C. Posltive Pay A banking service that is Increasing in popularlty to prevent check fraud Is on Iine posltive pay. Please describe in detall the way your posltive pay service works, options, if any, the hardware neetled at the City , antl the cost. D.Aceourit Reconciliation alease describe In detall your account reconc►Ilatlon services and the varlous optlons avallable what hardware woultl be neetletl at the Clty and what functions would be completed by City staff. E.Armored Car transport from City Hall The daily deposit for the Clty Is carrled to the local bank by a City employee. The deposits usually have Ilttle or cash. Please provlde Informatlon on cost and services avatlable. F. Direct DepOsit of Pdyroll There is considerable Interest In dlrect deposit of payroll. The maln problem with dlrect deposit is that the pay period ends on Saturday every other week, and payday in the following wetlnesday. The payroll clerk has two tlays to complete the payroll. If you have a tlirect deposlt program that has a 24 hour lead time that wiil flt the City's constralnts please provide Information on the product. G. Debit Cards As an aiternative or perhaps in additlon to the credit cards Iisted in the requiretl section, the City Is Interested in Information on deblt cards. Two cards would be neetled. Please descrlbe your deblt card program,and the securlty and safeguards used. H. Please provide informatlon on any other produet or senrice that coulcf enhance the City's operational or cash mana0ement proprams. 4. Prk/np oFBank/np Serv&es The City requlres that the bank offers the following options for payment of servlces. 15 CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL A. Compensatinq Baiances The City wlll malntaln a minimum balance In Its accounts to compensate the bank for servlces rendered. If the City accumulates excess compensating balances In any one quarter, the excess will be carrled over to the following quarter to compensate for services in that period. The required minimum balance Is calculated based on the earnings allowance, reserve requlrements,and services used. Provide the formula used to calculate average collected balances necessary to compensate for the required services cdefine all termsl. s. Direct Payment Under thls approach, no compensating balance wlll be maintained bV the City. The City will pay for actual charges for services provided. If the City elects this method, payment wlll be made by check upon receipt of an Invoice Identifying the volume of transactlons, the unit prlces and the total amount due. C.Combination- Compensat(nq Balanees And Direet Payment In this method the bank will use the City's balances for compensating balances as In A above, but the City wlll not be required to malntain balances a certain level. At the end of the quarter, if there are adequate balances to cover the servlces provided the excess will be carrled over to the next quarter as in A above. If there are not adequate balances the Bank wlll involce the City for the net dlfference between the cost of services provlded and the compensation provlded from the balances. D. Other The Bank may wish to propose an alternative to the three optlons described here. If that is the case, please describe the method In tletall and Include calculatlons. 16 CITY OF PALM DESERT BANKING, CUSTODIA�, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL SECTION V:SCOPE OF CUSTODIAL SERVICES The City is Interested in selecting a bank to provide Custodiai Services for the City and RDA's investments. The investments should be held by the Bank's trust department on a fiduciary basls and are to be legally separate for the assets of tne bank. A bank maV submit a proposal for Custodlal Servlces wlthout submltting a proposal for Banking Services or Trustee Services. The Clty's intent Is to select a bank that can provide Custotlial Services at tne same level of service it is receiving currently at the most reasonable cost. Therefore, If your bank wished to be considered for more than one service area,and the City would realize a cost savings for using your bank In multiple areas, please quote the prlce that would be charged for the Individual servlces and Intlicate tne savings Chat would be reallzed for using more than one service area. The City is also interested In learning about other services that may be available to enhance tne investment program. Respontlents to thls Request for Proposal (RFPI for Custotllal Services must complete the forms provided In Exhibit B of thls document. Respontlents may provlde the same Information In an alternate form but only as an atldltion to these forms. Banks wishing to submit proposals to optlonal servlces not part of the forms may do so. Any bank responding to the s sollcitatlon for Custodlal Services MUST be able to provide safekeeping, clearance, and reporting services In order to insure protectlon of the Clty and RDA�s Investment portfolio and to slmplify the reconclilatlon of the accounts. 7he bank must also be able to hold the securlties In a manner that will Insure CASB 3, caCegory 1 ratings for all Investments. 9. COlIYT1Pi4CT TFI01fS A. Contract Period The selected instltutlon shali be designatetl as the City's depository for the Initial three f3)year term which Is anticlpated to commence {datel. The depository contract shall contain an optional renewal clause which may be used for an addltlonal two (2l year period under the same terms and conditions, thereby providing for five (5) years of deposltory and banking servlces. s. Cancellation of Cor�traet This contract shall provlde that the Clty reserve the ri�ht to cancel the contract at any time upon ninety f90) days prlor written notice. ?. I�OI/A�D Cl/9TOrDlAL SERV/[�S Description of CurreM Accounts The City has two c2]custodial accounts. One for the City and one for the RetlevelOpment AgenCy. The tw0 aCCOUnts Currently have a tOtal Of 18 intllvltlUal securities with a face amount totaling S36.5 milllon. All of the securities were purchases with the intent to holtl them to maturlty, but as condltlons changes we wlll be In the market antl tratle the securltles. 17 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Service Requirements A.The bank should be capable of clearing and safekeeping all securities authorized by C211fornla Code S2ctlon 53601. B.7he bank should be a member of the Federal Reserve Bank and a State of Californla or Federally chartered commercial bank having insurance or accounts through the approprlate federal Insuring agency of tne United states. C.The bank will safekeep and clear all securities as an agent of the City on a delivery versus payment basls. However, upon Implementation of the servlces, securltles already owned by the City will be delivered into safekeeping on a free delivery basis. D.7he bank will provlde confirmatlon documentatlon the Clty for each recelpt and delivery of securities or funds as they occur, Identifying asset descrlption, purchase,sale, maturity, call or transfer date, accrued interest, total cost, par value, coupon rate, and purchase yleld as may be applicable to the transactions. Confirmations must be malled no later than one working day following the transactlon date. E.The bank wlll provide a monthly statement of assets and cash receipts and dlsbursements, detalling each transaction during the month and describing each asset completely. Assets shall be reported at cost and market values of the end of each month. The monthly statements must be post marked no later than five working days following month end. F.The bank will notify the by phone no later than 11:30 a.m. Pacific Stantlard 7ime or Pacific Daylight Savings Time (whlch ever is appropriatel if any fallure to deliver or fallure to recelve securities or funds In connection with any transact�on. G.The bank will coUect and receive interest income, maturlty and sales proceeds for the securities held by the bank and transfer or wlre the funds to the City�s general operating account on the same day. H.7he bank wlll wlre transfer and receive funds by wire transfer In accordance with instructions for the City. R�PONSE DATA In order to facllitate a falr and equltable evaluatlon and selectlon of the most responslve proposal, all respondents must provltle the following Information: A. A statement of the bank�s experlence and capability to provide the securlty safekeeping, clearance and reporting servlces tlescribed In •Servlce RequlrementS" Ilsted above. B.The name and title of the person who wlll be responslble for the City's accounts and transactlons and a brlef descrlption of that person�s quallfications and experlence In providing the requlred services. 18 CITY OP PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL C. Cut•off times for the transactlon of business, stated in Paclfic Stantlard Tlme of Pacific Daylight Savings 71me, which ever is appropriate. D. A minimum of two references on munlcipal customers currently receiving these services In a volume simllar to what the City requires. E.The name and location of the place where each type of securlty will be held. F. Samples of transaCtion Conflrmatlons and monthly statements. G. Descriptlon of the bank�s pollcY regarding falletl transactlons and method of compensation. Include a description of the formula for the method used to determine the compensatlon. H. A Iist of fees for all serviCes. 3. OPTIONAL SERVIC� The City Is Interested in addltlonal services that may Improve or enhance the Investment program. Ptease provlde any informatlon avallable on other services Including: A. On-Iine information (e.g.l downloading dally and monthly transactlon reports and statements 6.Any Interface wlth SymPro protlucts C.Any other product or servlce that may be of Interest to the Clty 19 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL SECTION VI:SCOPE OF TRUST�SERVICES The City IS IntereSted in SeleCting a bank t0 prOVide TruStee SerViCeS fOr City and RDA bond Issues. A bank may submit a proposal for Trustee Services without submitCing a proposal for Banking Servlces or Custodlal Services. The City's Intent is to select a bank that can provlde Trustee S2rvlces at the 52me level of servlce It Is recelving currently at the most reasonable cost.. Therefore, If your bank wished to be considered for more than one servlce area, and the City would realize a cost savings for us►ng your bank in multiple areas, please quote the prlce that would be charged for the Indivitlual services antl indicate the savings that would be realized for using more than one service area. The City Is also interested in Iearning about other servlces that may be avallable to enhance the Investment of bond proceeds Respondents to this Request for Proposal (RFPI for Trustee Servlces must complete the forms provided In Exhiblt C of this document. Respondents may provlde the same information in an alternate form but only as an additlon to these forms. Banks wlshing to submit proposals to optional servlces not part of the forms may do so. Any bank responding to the s sollcitatlon for Trustee Servlces MUST be able to provide safekeeping, clearance, bond administratlon and reporting servlces in order to insure protection of the City and RDA�s bond investments portfolio antl to slmpllfy the ' reconctllation of the accounts. 7he bank must also be able to hold the securltles In a manner that will Insure GASB 3, category 1 ratings for all Investments. 1. L'OYYTIPACT IFldl�! A. Contraet Perlod The selected institutlon shall be deslgnated as the City's depository for the InItIal three c3) year term whlch Is anticipated to commence {detB]. The depository contract shail contaln an optional renewal clause whlch may be used for an addltlonal two c2) year period untler the same terms and condltlons, thereby providing for five l5l years of deposltory and banking servlces. s. Cancellation of Contract This contract shall provlde that the City reserve the right to cancel the contract at any time upon ninetV (90) days prior wrltten notice. 2 I�0!//II�DD TR(/ST�SERV/C�S Description of Curre�rt Accounts The City and RDA have a combined total of 22 bond Issues totaling In excess of S197 mlllion in outstanding bonds antl five ?7 bond Issues that have been refunded and are now escrow aCcpunts that are held in the trustee. Those 22 bond Issues are made up of 1501ndlvidual account which are required bY bond Indentures. All of the Investments for the accounts are tllrectetl by the City Investment Manager. The investments are held in the trust accounts . All of the bond adminlstratton for the bonds are handled by the Trustee. 20 _ . _ C17Y OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Service Requirements A.The bank will administer all City and RDA bonds as speclfled in the bond indentures, Fiscal Agent Agreements and the Officlal Statements.At no tlme wlll the trustee allow the bonds to be out of compliance with the Indentures, Fiscal Agent Agreements and the Official Statements. B.The bank should be capable of clearing and safekeeping all securitles authorized by Callfornia Code Section 53601. C.The bank shoultl be a member of the Pederal Reserve Bank and a State of Californla or Federally chartered commercial bank having insurance or accounts through the approprlate federal Insuring agencY of the United states. D.The bank will safekeep and clear all securities as an agent of the City on a tlelivery versus payment basls. However, upon Implementation of the services, securltles already owned by the City will be dellvered Into safekeeping on a free delivery basis. E.7he bank will provide confirmation documentatlon the Clty for each receipt and delivery of securities or funds as they occur, Identlfying asset description, purchase, sale, maturity, call or transfer date, accrued interest, total cost, par value, coupon rate,and purchase yleld as may be appllcable to the transactlons. Confirmatlons must be mailed no later than one working day following the transaction date. P.The bank wlll provide a monthly statement of assets and cash recelpts and dlsbursements, tletailing each transactlon during the month and describing each asset completely. Assets shall be reported at cost and market values of the end of each month. The monthly statements must be post marked no later than flve working days foilowing month end. G.The bank wlll notlfiy the by phone no later than 11:30 a.m. Paclfic Stantlard Time or Paclfic Dayllght Savings Tlme (which ever is appropriate) If anv failure to deliver or failure to receive securlties or funds In connection with any transaction. H.rne bank will collect and receive interest income, maturlty and sales proceeds for the securlties held by the bank and transfer RESPONSE DATA In order to faciiltate a falr and equitable evaluatlon and selection of the most responsive proposal,all respondents must provlde the following Information: A.A statement of the bank's experlence antl capabllity to provide the bond atlminlstratlon,security S2fekeepiny,clearance and reporting servlceS descrlbed In "Service Requirements" Iisted above. 21 __ _ _ __ _ __ _ _ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL B.The name and title of the person who wtll be responslble for the City�s accounts and transactions and a brief descriptlon of that person�s quaiifications and experienCe In providing the requlred services. C. Cut-off tlmes for the transactlon of business,stated In Paclfic Standard Tlme of Paclfic Dayllght Savings Tlme, whlch ever Is appropriate. D.A minimum of two references of munlcipal customers currently recelving these services In a volume slmilar to what the City requires. E.The name and locatlon of the place where each account wlll be held. F. Samples of transactlon conflrmations and monthly statements. G. Description of the bank�s poiicy regarding failed transactions and method of compensatlon. Include a descriptlon of the formula for the method usetl to determine the compensatlon. H.A Ilst of fees for all servlces. 3. OPTIONAL SERVICES Tne Clty Is Intere5tetl In addttlonal servlces that maY Improve or enhance tne administratlon of City and RDA bonds. Please provlde any Information available on other servlces including: A. On-Ilne information (e.g.) downloading daily antl monthly transactlon reports and statements B. An interface with SymPro products C.Any other product or service that may be of Interest to the City or RDA. 22 _ __ _ _ _ _ _ __ _ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL PROPOSAL SUBMISSION PACKAGE OVERVIEW-BANKING SERVIClS 7he Proposal Submisslon Package is composed of the following: Proposal Cover Sheet Exhibit A Page 1 Bank Contact Information Exhibit A Page 2 Account Maintenance Informatlon Exhibit A Page 2 Pro-forma Pricing Matrix Exhibit A Page 3 PriCing Proposal Exhlbit A Page 4 Interest Earnings Proposal Exhibit A Page 5 Community Relnvestment Act Exhiblt A Page 5 Requlred Services Proposal Exhiblt A Pages 6-9 Optional Services Exhiblt A Page510- 13 References Exhibit A Page 14 To be an acceptable proposal all of the documents Ilsted above must be Included wlth the submittal. In atltlitlon, the following attachments are required: � Call reports for the past two (2) years. � Annual reports for the past three (3) years. clf the bank Is submitting a proposal for more than one service area, only one set of annual reports Is necessary) � An affidavlt of one of the banks offlcers stating the amount of Its capital stock and surplus. � Samples of ALL standard statements and reports referenced in the proposal � If the bank Is proposing alternatives or non-substantlal devlations to the required servlces, a full descriptlon and lustiflcatlon for the proposed alternative or deviation must be included with the proposal. � If the bank Is proposing to provlde Optlonai Services ,a full description of each servlce must be Included wlth the proposal along with the tletall costs. Tran52ctlon IntllC2tors antl estimated quantltles were provlded In the Pro-forma Prlcing Matrix. It is assumed that the Itemization of the costs provided in thls proposal submlttal wlll fully compensate the bank for all Requlred Servlces. In the event that addltionai itemizatlon of transactions Is requlred by the bank In order to be fully compensated for Requlretl Services, spaces have been provided on the he form whlch should be completed in full by the bank. If estimated transactlons volumes are requlred to complete the Pro-forma Pricing Matrlx for atldltlonal items, the City should be contacted in writing for the Information. The Clty's wrltten response will be dlsCribuCed to all banks who registeretl at the pre•proposal conference. 23 _ _. _ _ _ CITY OF PALM DESBRT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A P2g@ 1 Of 14 Clty of Palm Desert clty clerk/community Servlce 73-510 Fred Waring Drive Palm Desert, CA 92260- BANKING SERVICES PROPOSAL we have read the City Treasurer's Request for Proposal antl fully understand Its intent. we certify that we have adequate personnel, equipment and facillties to . fulflll its requlrements. we understand that our ab►Ilty to meet the crlteria and provide the requlred services will be ludged by the City 7reasurer's office and the revlew committee, and be approved by the City Councll. we have attached the following: 1. Five exact copies of the completed proposal forms 2. One copy of the proposal form, unbound sultable for dupilcation 3. Call Reports for the last two (2l years 4.Annual Financlal Reports for the past three (31 years. 5. Samples of ALL standard statemenu and reports We further certify that we have filed the City 7reasurer an affldavit of one of our offlcers of the amount or thls Instltutlon's C2pIt21 stock and surplus. It is understood that the above Information will be used as evidence of our ablllty to meet the capital structure requirements necessary to servlce the account. It is further understood that all informatlon included In,attached to, or requlred by the Request for Proposal shall become pubiic record upon their delivery to the Clty Treasurer. Submitted by: Bank Authorized Slgnature/Tltle Authorized Signaturelfitle Telephone Date 24 ___ _ _ _ - . CITY OF PALM DESERT , BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A Page 2 of�a BANK SUBMITTING PROPOSAL PROPOSAL SUBMI7TED BY: LOCALBRANCH CONTACTPERSON PHONENUMBER CORRESPONDING BANK (If appllcablel ACCOUNT NIAINTENANCE INFORMATION We agree to furnlsh the following account maintenance informatlon at the tlme specifled below. we understand that the tlmes are general standards established by the City Treasurer and that any other tlme may be proposed for furnishing the InformatlOn. Service Suggested Description Standard5 PrOpOSed Daily Account Balance Reporting 6:00 a.m. next banking day Monthly Statements 5 business days after month end Monthly Analy5i5 Statement 10 buslness days after month end 25 ___ _ . __ _. _ __ _ _ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt A P298 3 Of 14 BANK SUBMITTING PROPOSAL Pro-forma Pricing Matrix Based on Estimated Monthly Volume Est. Monthly Unit Total Direct Compeasating Services Volume Price Fee Price Balance Account Maintenance S Analyzed Interest Maintenance 1 Checks Deposited- Unencoded 809 Checks Deposited - Encwded 0 Zero Balance Account Maintenance 1 Coin Deposited Misc. Loose Rolls 109 Branch currency Deposited!$100 58 Electronic Items Processed (ACH) 9 Deposit Items Retumed 4 Deposft Item Recleared 4 Branch Deposits 40 Vault Dep. - Regular Hours 0 Checks Deposited BofA items 162 Checks Deposited Non BofA kems 647 Foreign Check Deposited 7 Checks Paid Statement 1 Checks Paid 746 Stop Payments 3 Checks Cashed 3 Coin Supplied Individual Roil 3 Currency Supplied-Branch/$100 13 Check Sequencing 732 Telephone Transfer 6 Incoming Wire Mail Advice 4 Incoming Wire Transfer 4 Outgoing Fed wire-branch 1 Outgoing Fed wire- Phone 2 Balance Reporting Daily Report 1 Balance Reporting-Current Day Detail 1 Balance Reporting-Prev. Day Detail 1 Printing - Deposit Slips 1 Vauft Currency Deposfted/$100 58 Payroll Tax by phone 2 Other Fees Total MoMhly Fees $ $ 26 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A P2ge 4 Of 14 BANK SUBMITTING PROPOSAL PRICING OF BANKINC SERVICES A. Compensatinp Balanees Provide the all formulas and a detalletl explanatlon of the method used to calculate the balance requirements necessary to compensate for the required services.WIII the compensating balance be based on ledger or collected balances? WIII the excess or deficit earnings be carrled forward to future perlods? Will the bank agree to a twelve month perlod for calcutating the compensating balances7 Define alI terms. s. oirect Raymer�t 7ne Individual costs and the total for the repulres serviCes should be Ilsted on the Pro- forma PriclnQ Matrix. If not, please explain. C. Combinat(on Compensatlnp salances and Direet r�ayment Please explaln the banks method of calculating the net payments. D. Othe� Describe any other method or payment that the bank would Iike Co propose. Explain in detall and include calculations. 27 .__ _ _ . _ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A wage 5 of �a BANK SUBMITTING PROPOSAL INTEREST EARNINGS PROPOSAL Interest bearing account proposal: Average Interest Basis of Rate of the Month Determtning Account TYpe of Account of November 1996 Rate ' Operating Savings Sweep Please Identify the particular investment City funds will be Invested In if the Bank elects to provlde an Investment optlon not directly related to the Bank. 7he °external" investment needs to comply wlth the City's Investment Policy regartling permitted Investments. '(percent of federal funds rate, percent of Prime, percent of T-Bill, discount rate,etcJ COIMMUNITY REINVESTMENT ACT PERFORMANG'E CRA Rattng Please tleSCribe what your bank has done in the Coacnella Valley to earn thls rating. 28 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt A Pege 6 Of 14 REpU1RED SERVICES 1. The City requires one peneral operatinp aecount, one savtnps aceount and four low volume checkinp aeeounts. They are all deseribed In Section IV: Scope of Bankinp Servkes. Explain how these accounts will be maintalned, where they wlll be located, how tne City contact the bank for corrections of discrepancles,additlonal services etc. 2. The followinp Aceount Maintenance Services are Requtred Servtces. For each ttem describe the banks procedures,the Cit1r's partklpation,anct safepuards,passwo�ds etc.that would be needed to Initiation the senrke. Also inelude ar�y addkional information that you war�t the City to know. � WIRE TRANSFERS � STOP PAYMENTS 29 . _ _ _ _ _ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL Exhibit A Page 7 of 14 � PRINTING � NON-SUFFICIENT FUNDS(NSF) � MONTHLY STATEMENT$ � RESOURCE PERSONNEL � NEW ACCOUNTS � DEPOSIT SERVICES � CASHIER'S CHECKS 30 _ . __ . __ _. __ . _ __ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt A P2g@ 8 Of 14 � DAILY ON-LINE BALANCE REPORTING � LOAN ADMINISTRATION � BUSINESS CREDIT CARDS 31 GIN OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL Exhlblt A P2gE 9 Of 14 � SAFETY DEPOSIT BOX � SAME DAY CREDIT FOR STATE SUBVENTIONS, LAIF, &COUNTY APPORTIONMENTS � CURRENCY AND CHANGE ORDERS � OVERDRAFT PROTECTION 32 CITY OF PALM DESERT � BANKING, CUSTODIAL,AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL Exhibit A Page 10 Of 14 OPTIONAL SERVICES The services Ilsted below are not requlred, but are ones that the City MAY be Interested in Implementing If the bank can demonstrate how the service will benefit tne City,antl tne servlce is offered at a reasonable prlce. If the bank would Iike to offer these servlces to the Clty, please descrlbe the service in detail, include how It works, the benefit to the City, the hardware required, the safeguards and security that Is In place to protect the servlce/product from fraud, and of course, the cost. � On-Iine transfers,wires and stop paYments � Restructure of Accounts 33 _. _ _ .. _ _ _ _ CITY OF PAIM DESERT � BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A P2ge 11 of 14 � POSItIV@ P2V � Account Reconclllatlon 34 CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL EXhiblt A P2pB 12 Of 14 � Armored Car Transport from City Hall � Dlrect Deposlt of Payroil � Debit qrds 35 __ . _ _ __ __ _ CITY OF PALM DESERT � BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST fOR PROPOSAL Exhibit A Page 13 of 14 � Please provide tnformatlon on any other product or service that could enhanee Lhe City�s ope�ational or cash manapement p�oprams. 36 _ __ _._ _ _ - _ _ ___ _ _ _ . CITY OF PALM DESERT - BANKWC, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit A Page 14 of 14 REFERENCES Please Iist at least two (21 municlpal references that are currently serviced by your bank. By providing thls Information, it Is understood that the City may contaCt any of these account holders for reference materlal. 7he City is especlally looking for references In the Coachella Valley. Please Iist at least two (21 commerclat references that are currently serviced by the branch locatlon that wlli servlce the Clty�s account. By providing this informatlon, It is untlerstood that the Clty may contact any of these account holders for reference material. 37 _ _ _ _ _ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL PROP05AL 51lBMISSION PACKACE OVERVIEW-CUSTODIAL SERVICES The Proposal Submission Package is composed of the following: Proposal Cover Sheet Exhibit B Page 1 Bank Contact Information Exhiblt B Pa9e 2 Prlcing Exhibit B Page 3 References Exhibit B Page 4 7o be an acceptable proposal all of the documents Iisted above must be included with the submittal. In atltlitlon, the following attachments are requlred: � A statement of the banks� experience and capablllty to provide all the servlces Iisted In "Servlce Requlrements". � A description of the bank's policy regarding failed transactions and the method of compensation. include a description of the formula and the method usetl to determine compensation. � A descriptlon of how the bank will Insure a GASB 3 rating of category 1. � Annual reports for the past three (3) years. (If the bank Is submltting a proposal for more than one service area, only one set of annual reports is necessary) � Samples of ALL standard statements and reports referenced in the proposal � If the bank is proposing alternatives or non•substantlal devlatlons to the required services, a full descriptlon and Justification for the proposed alternative or deviation must be included with the proposal. � If the bank is proposing to provlde Optlonal Services ,a full deScrlption of each servlce must be included wlth the proposal along with the detall costs. 7ran52ctlon Intllcators and eStlmated quantlt125 were provlded In the Pro-fOrma Pricing Matrlx. It is assumed that the Itemizatlon of the costs provided in this proposal submittal wtll fully compensate the bank for all Requlred Servlces. tn the event that addltional Itemlzatlon of transactions Is requlred by the bank In order to be fully compensated for Required Services, spaces have been provided on the he form whlch should be completed in full by the bank. If estimated transactlons volumes are required to complete the Pro-forma Pricing Matrix for additlonal items, the Clty should be contacted In writing for the Informatlon. The Clty�s wrltten response will be tlistributetl to all banks who registered at the pre-proposal conference. 38 CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL EXhlbit B Page 1 of a City of Palm Desert City Clerk/Community Service 73-510 Fred Waring Drive Palm Desert, CA 92260- CU5TODIAL SERVICES PROPOSAL we have reatl the Clty Treasurer�s Request for Proposal and fully untlerstand �ts intent. we certlfy that we have adequate personnel, equlpment and facilitles to fulfill its requlrements. We understand that our abllity to meet the criterla and provide the requlred services will be Judgetl bV the Clry rreasurer�s offlce and the revlew committee, and be approved by the Clty Councii. we have attached the following: 1. Five exact copies of the completed proposal forms 2. One copy of the proposal form, unbound sultable for dupllcatlon 3.Annual Financlal Reports for the past three (3l years. 4. Samples of ALL standard statements and reports we further certify that we have filed the Clty 7reasurer an affidavit of one of our offfcers of the amount or this instltution's capital stock and surplus. It Is under5tood that the above Informatlon will be used as evidence of our abllity to meet the capital structure requirements necessary to service the account. It is further understood that all Information included in, attached to, or required by the Request for Proposal shall become public record upon their tlellvery to the City Treasurer. Submitted by: Bank Authorized Signature/Tltle Authorizetl Signature/Title Telephone Date 39 CITY OF pALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhibit B Page2of4 BANK SUBMITTING PROPOSAL PROPOSAL SUBMITTED BY: LOCATION OF ACCOUNT CONTACTPERSON PHONE NUMBER CORRESPONDING BANK (If applicable) 40 _ _ _-- _ __ _ . _. _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt B Page 3 of 4 BANK SUBMITTING PROPOSAL Pro-forma Pricing Matrix Based on Estimated Monthly Volume Est. Monthly Unit Total Direct Services Volume Price Fee Price Account Mainienance 2 Transaction Fee 10 Administration Fee Minimum fee Monthly Quarterly Annually Other Fees Total Monthly Fees S Descrlbe method of payment: 41 __ _ _ _ ._.... _ __ _ CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES RE�UEST FOR PROPOSAL Exhibit B Page 4 of 4 REFER9�ICE5 Please Iist at least two (2) municipal references that are currently serviced by your bank. By provltling this Informatlon, It Is understood that the Clty maY contact any of these account holtlers for reference material. 7he Clty is especially looking for references In the Coachella Valley. Please Ilst at least two c2) munlcipal references that are no ionger serviced by your bank. Please indlcate why the bank no longer handles the account. By providing thls informatlon, It is understood that the City may contact any of these account holders for reference material. 42 ___. __ __ . _ _ __ _ _ _ CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL PROPOSAL StJBMISSION PACKAOE OVERVIEW-TRUSTEE 5lRVICES The Proposal Submisston Package is composed of the following: Propo521 Cover Sheet Exhlblt C Page 1 Bank Contact Informatlon Exhlbit C Page 2 Pricing Exhlblt C Page 3 References Exhibit C Page 4 7o be an acceptable qroposal all of the documents Ilsted above must be included witn the submittai. In addition, the following attachments are required: � A statement of the banks' experience and capability to provide all the services IIStBd In "SBrVICe ReqUir@ments". � A description of steps that wlll be taken by the Trustee to insure that the bonds are always in compliance with their bond Indentures. � A descrlption of the bank�s policy re9arding failed transactlons and the method of compensatlon. Include a descriptlon of the formula and the method used to determine compensation. � A descrlption of how the bank will Insure a GASB 3 rating of category 1. � Annual repOrts for the past three (3) years. !If the bank is submitking a proposal for more than one service area, only one set of annual reports is necessary) � Samples of ALL standard statements and reports referenced In the proposal � if the bank is proposing alternatives or non•substantial devlatlons to the requlred servlces, a full de5criptlon and 1ustlflcation for the proposed alternative or deviatlon must be included with the proposal. � If the bank is proposing to provide Optional Servlces ,a full descriptlon of each service must be Included wlth the proposal along with the detail costs. 7rans2ctlon IndlC2tors and e5timatetl quantltles were provlded In the Pro•forma Prlcing Matrix. It is assumed that the Itemlzatlpn of the costs provided In this proposal submittal wlll fully compensate the bank for all Required Services. In the event that additlonal Itemization of transactlons Is required bY the bank In order to be fully compensated for Required Services,spaces have been provided on the he form which should be completed in full by the bank. If estlmated transactlons volumes are requlred to complete the Pro-forma Pricing Matrix for addltlonal Items, the Clty should be contacted In wrlting for the Informatlon. The Clty's wrltten response wtll be distributed to all banks who registered at the pre-proposal conference. 43 __ _ __ -- . ._ . _. CITY OF PALM DESERT BANKING, CUSTODIAL, AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt C Page 1 of 4 Clty of Palm Desert City Clerk/Community Service 73-510 Fretl Waring Drlve Palm Desert, CA 92260- TRUSTEE SERVICES PROPOSAL we have read the City Treasurer's Request for Proposal and fully understand its intent. we certify that we have adequate personnel, equipment antl facllities to fulfill its requirements. We understand that our ablllty to meet the crlteria and provlde the required services wlli be)udged by the City Treasurers office and the revlew commlttee,and be approved by the City Councll. We have attdched tfle following: �. Flve exact copies of the completed proposal forms 2. One copy of the proposal form, unbountl sultable for tluplicatlon 3.Annual Financlal Reports for the past three (3) years. 4. Samples of ALL Standard StatBments 2nd r'epOrts We further certify that we have flied the City Treasurer an affldavit of one of our officers of the amount or this Instltutiorrs capital stock and surplus. It is understood that the above informatlon will be used as evidence of our ablllty to meet the capltal structure requlrements necessary to service the account. It is further understood that all information included in,attached to, or required bY the Request for Proposal shall become public record upon their dellvery to the City Treasurer. Submltted bV: Bank Authorized Slqnature/Title Authorized Slgnature/Tltle 7elephone Date 4a CITY OF PALM DESERT BANKING, CUSTODIAL,AND TRUSTEE SERVICES REQUEST FOR PROPOSAL Exhlblt C aage 2 of a BANK SUBMITTING PROPOSAL PROPOSAL SUBMITTED BY: LOCATION OF ACCOUNTS CONTACT PERSON PHONENUMBER CORRESPONDING BANK (if applicable) 45 _ _ .__ _ _ _ ___ _ _ _ ___ t _ CITY OF PALM DESERT BANIQNG,CUSTODIAL, AND TRUSTEE SERVICES REOUEST FOR PROPOSAL Exhlbit C P2q@ 3 Of 4 BANK SUBMfTTING PROPOSAL Pro forma PMcing Matrix Based on Estimated Annual Volume Est8emi,Annwl UnR Totel Direct Services Volume Price Fse Price Administratfon Fees 22 Irnere� PaymeMs 88b RedemptionslMatured 676 CerUficate Repi�ration 112 Bondholder Accourrt Maintenance 678 Tax Reportinp Y Minimum fees Other Fees Total Monthty Fees a Describe method of payment 46 :.ITY OF PALM DESERT � BANKINC, CUSTODIAL, AND TRUSTEE SERVICES REQUESTFOR PROPOSAL , Exhiblt C Page 4 of 4 . REF�RB�IClS � Please Ilst at least two c21 munlcipal references that are currently servlced by your bank. By providing thls Informatlon, it Is understood that the Clty may contact any of these account holtlers for reference materlal. The Clty is especlally looking for references In the Coachella Valley. . Please Ilst at least two t?J munlcipal references that are no longer serviced by your bank. Please Indicate why the bank no lon0er handles the account By providln9 thls Informatlon, It is untlerstood that the City may contact any of these account holders for reference materlai. a� , _ _ _. _ _ _ _ __ _ _