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Home My WebLink About03 SEPTEMBER 1997 f_.._ . . __.._ .__...______-'__.___.__ ... ._ . . . . _.. _.. VERONICA ABARCA AGENDA IN"VESTMENT & FINANCE COMMITTEE TUESDAY, SEPTEMBER 23, 1997 —II:00 A.M. NORTH WING CONFERENCE ROOM ,r,r,t*,t*****a�s*,r*a*�*s,r**t****t,t,t*tr****,r*�rr*r*,t******:t*x,r�**,t**�**�****�,t,t�:t*+� I. CALL TO ORDER II. ROLL CALL III. APPROVAL OF MINUTES Rec: Approve the Minutes of August 27, 1997, as submitted. Action: IV. ORAI, COMMUNICA'�'IONS A. Any person wishing to discuss any item not othenvise on the agenda may address the Investment&Finance Committee at this point by g'ving his or her name and adtLress for the record. Remazks shall be lunited 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 maximum of five minutes unless additional time is authorized by the Chairman. V. OLD BUSINESS A. Status of Public and Private Partnership ackground Checks for i 4 Rec: Report by Cazlos Ortega. Acrion: B. Alden Caoital- Redwood Kinsel O'neal Newcomb & De Dios Markets Rec: Status Report on refunding bonds. Action: AGENDA- INVESTMENT& FINANCE COMMITTEE SEPTEMBER 23, 1997 x***r*****�****a****:r**,r*******+e*,r***,r**,ta**��*********a*a*******,t.*+******�** VI. NEW BUSINESS A. i dev Rec: Review and submit to the next City Council agenda. Review the presentation on the investment graphs. Review the investment activity during the month of August. Review status of capital projects and cash flow projections. AcNon: B. Aeview Short Term Investmentc MAn,ri�p �o p�nhPr 19u� Rec: Review investments in 1) collateralized deposits; 2)treasury bonds and notes; and, 3)Agencies discount notes. Action: C. State of Ca(ifornia Local Aeency Investment Fund Month�y Report Rec: Informational item for the Committee to review. No action required. D. Month Financial ReFort for City ouncil Rec: Report and submit to City Council. Action: E. Parkview Professional Office Building�- Financial Reportc Rec: Review of 7/31/97 financial statements. Action: F. Desert Willow Golf Resort Financial Informallon for Aug� Rec: Review and file report. Action: AGENDA-INVESTMENT& FINANCE COMMITTEE SEPTEMBER 23, 1997 **,r*,rrr.•,r.*,r.,r*****.*,e**,r***�,e*«,r*,r«**��**,rr*+*****aa++•�«r+**,r****�*****�r�** G. Palm Desert Recreation Facilitie orooration Income Analysis for Aug�st Rec: Review and file report. Action: VII. REPORTS AND REMARKS A. Reports and Remar . by�y Committee Member B. Items to be placed on the Neat Agenda VIII. NEXT MEETING DATE Next regulazly scheduled meering is �c�it�lY�c��° Il�� Il999 �tit Il11�� mmo IX. ADJOURNMENT � r� ��p. , .< .cM1St r...�a �x�.-. , s "r'. :.,< tia .a s htl'uu� . .o-� �. �,..,. . .t ..�r et, :tw^ »`5x .. ,/�1•��\ • /- � M�nutes � Finance Committee CONVENE On August 27, 1997, the Investment & Finance Committee was called to order at 11:03 a.m. by Mr. Gibson. ROLL CALL Richard Kelly, Jean Benson, Ray Diaz, Dave Erwin, Paul Gibson, Murray Magloff, Jean Ruth, Dennis Coleman, Carlos Ortegs and Veronica Abaroa. APPRQVAL OF MINUTES Upon motion b�v Mr. Envin, seconded by Mn Ortega, the Minutes of the July I0, 1997 meeting were APPROVED with corrections. Mr. Kelly and Mrs. Benson abstained from the vote since they had not been present for the previous meeting. ORAL COMMUNICATIONS None OLD BUSINESS A. Status of Public and Private Partnershi�s Background Checks for Section 4 Mr. Ortega stated that there was no change from the previous meeting. Mr. Ortega requested direction as to whether a background check was needed for Marriott's Desert Springs Resort. Mr. Kelly and Ms. Benson stated that a background check would be necessary for Marriott's. B. Alden Cauital - Redwood Securities. Kinsel. O'neal. Newcomb & De Dios Markets Mr. Ortega asked Mr. Coleman to give a brief summary of the current status with the 1997 refunding bond issue. Mr. Coleman distributed two packets to the committee and asked that they review the packets at their convenience. Mr. Coleman gave a brief description of events which led the RDA to a "good deal at the right time" on this issue. Minutes F'Inance Committee Mr. Ortega then introduced an idea submitted by Redwood Securities to do a refunding of combined assessment districts through a pool to achieve g�reat savings. Redwood proposes to combine Bighorn, Indian Ridge and Merano assessment districts. Bighorn has contacted Mr. Ortega and is very interested in this process which could save not only the developer, but also the homeowner. Mr. Gibson stated that he had a few concerns with this idea. Upon having Curt de Crinis, financial advisor, review the proposal, Mr. de Crinis suggested the actual savings would be less than what was indicated in the proposal. Mr. Gibson also pointed out that with the current for�closure, savings may not be quite as high as listed, establishing an untrue savings. Finaliy, Mr. Gibson stated that administration costs had not been figured into the proposal for the life of the refunding. These types of refundings are quite complicated and will create a lot of work for Finance. Mr. Diaz requested that an accurate depiction of savings be created. Mr. Gibson added that he would like to see a financial advisor involved in order to review the project. Mr. Ortega suggested that the committee create guidelines in which the City would require a savings, no less than 3% present value savings. If that number can not be met, the Gity would not proceed with the deal. He also suggested that a finaracial advisor be hired and paid by the City only after the deal has been established. Ms. Benson requested that Bighorn and Indian Ridge be made responsible for paying the financial advisor if the deal does not proceed. NEW BUSINESS A. City and Redevelopment Agency Investment Schedule • Ms. Ruth informed the Committee that the schedule for the City has a new investment type called the "Money Market Sweep". This was created in order to record the dollars which are swept every night from the general fund to a money market account, which has a much higher interest 2 _ . _ _ _ Minutes Finance Committee rate. In the first month, the City made $16,000 as a result of a 4.6% interest rate; this in comparison to a 2% savings ' account where the City previously t�ansferred funds daily to get the best rates available. Not only does this account pay the City more, it requires less staff time. Ms. Ruth then reviewed the RDA Investment Schedule. She stated that the totals had doubled due to the new bond issue. Both accounts are showing an unrealized gain due to lower interest rates. Receive and file reports. B. R�view Short Term Investments Maturing in September 997 Mr. Gibson requested the information of the new south course at Desert Willow be given to finance. He would like to compare the status of the south course with that of the north course. Ms. Ruth stated that the City had nearly $7 million in short term investments which would mature in September, these will be reinvested short term investments. Receive and file Report. C. State of Califomia Local Agency Investment Fund Monthly Report Mr. Gibson reviewed the report and asked if there were any questions. There were none. Receive and file report. D. Monthiy Financial Rer�ort for City Council Mr. Gibson reviewed the report and asked if there were any � questions. There were none. Receive and file report. 3 _. . _ _ _ Minutes Finance Committee E. Qarkview Professional Office Buildings -7/31/97 Financial Reports � Mr. Gibsan stated that in September he expects a proposal from Mason & Mason, the former management team of the office complex, to bring to the committee. Mr. Gibson reminded the committee that Mr. RutherFord, the current manager, will no longer be managing the office complex as of October 31, 1997. Mr. Gibson stated that in using Mason & Mason, he felt with their previous experience, that their qualifications were excellent and is sure they would have no problems leasing the remaining 25% of the office complex. Receive and file Report. F. Desert Willow Golf Resort Financial Information for July. Mr. Gibson stated that Desert Willow is now $189,000 in the red for the month of July. This amount being very close to the budgeted amount of$150,000 in the red. Mr. Ortega stated however that in the month of August, Desert Willow is now showing a 114% current usage rate. Receive and file Report. G. Palm Desert Recreation Facilities Corporation Income AnalXsis for July Mr. Gibson stated that this report would now be a new item on each agenda as mandated by the State of California. July was the actual first month of operation. Receive and file report. H. Assessment District Formation Request Mr. Gibson reminded the committee that previously Century Homes, Inc. had requested to create an assessment district in the Sonata II development. Century Homes has since revoked their initial request and will be requesting a smaller area which should go to Council in September. 4 _ _ _ _ Minutes Flnance Committee DISCUSSION Mr. Gibson reviewed the memo and articles regarding the case against Bank of America. He stated that Bill Strauss is ' currently reviewing the case and w�rking on clarification as to what is needed from the City in order to be listed as an additional claimant against Bank of America. It will probably take 10 to 15 years to settle this case, however it is much more inexpensive to join the case now than to in�tiate one in the future. NEXT MEETING DATE The next Investment & Finance Committee meeting will be held Tuesday, September 23, 1997 at 11:00 a.m. ADJOURNMENT The Investment &Finance Committee adjourned at 12:15 p.m. on a motion by Mr. Ortega and seconded by Mr. Magloff. Respectfully submitted, VERONICA ABARCA RECORDING SECRETARY 5 _. ___ OR/<3/199� PD Redevelopment Agency pM - 1 PORTFOLIO MASTER SUM4ARY ((�p AUCaUST 31, 1997 ACCRUAL � AVERAGE "--YZELD TO MATURITY--- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMSNTS BOOR VALUE PORTFOLIO T6RM MATURITY EQUIVALENT EQUIVALENT ' Certificatee of Depoeit - Hank...............$ 950,605.00 0.29 80 B 5.026 5.098 Local Agency inveetmen[ Funde.......... ......$ 12,983,9'l8.45 8.44 1 1 5.601 5.679 � Fedeial AgenCy Iaeuee - Coupon...............$ 11,719,599.29 '1�.23 523 183 5.946 5.825 Treasury Securitiee - Coupon. ....... . . .. .....$ 18,298,823.22 11.90 465 195 5.636 5."/15 State & Local Govt Se[iee....... . . .. . . .......$ 9,549,471.00 6.21 681 642 0.000 0.000 S[ate 6 Local Govt Seiies - COupon.. .. . ......$ 66,429,662.00 43.20 1,']28 1,689 5.960 5.840 Fidelity Treaeury Pool.......... .... . . . ......$ 34,944,653.00 22.'!3 1 1 , 5.336 5.410 '" _'"__"____________________ TOTAL INVESTMENTS and AVERAGES..... ........$ 153,791,789.96 100.009 BB2 800 5.299& 5.348fi _ea�_..z:________��_a:.e:_________�_�.�___`___z__a:.�._:=e====__�=__==e�e..�.a CASH Pa9ebook/Checking - No Yield Tota19..........$ 43,501.01 0.000 0.000 (not included in yield calculatione) ——---------------------——------------_______________________________ TOTAL CASH and INVESTTIENTS.................5 153,815,370.97 MONTR 6NOING FSS�nT, TOTAL EARNINGS AUGUST 31 YEAR TO DATE Current Year 5 692,541.20 $ 1,1'13,041.52 AVERAGE DAILY BALANCE $ 153,239,343.96 $ 128,269,963.96 EFFECTIVE RATE OF AETURN 5.324 5.38t The inveetment portfolio of the P.D. Redevelopment Agency compliee with i[fl Paul 5. Gi69on Inveetment Policy and the California Government Code eectione pertaining to [he Treasurer inveetmen[ of local agency funds. Pending any future actions by the Governing � Hoard of the Agency or any unforeseen cataetrophy, the Redevelopment Agency hae adequa[e cash flow to meet ite expenditure requiremente for the nex[ eix mon[he. DATE Marke[ values aze from Firet Trust 6 IDC Da[afeed pricing eervice. , 09/23/7999 PD Redevelopment Agency pM _ z I1d�1ESTMENT PORTFOLIO ➢ETAILS - INVESIMENTS �7p AUGUST 31, 1997 ACCRUAL INVESIMEML - AVERAGE PURCHASE STATED --- y'y'� --- �'�'{7R11'y ➢AYS NOMBER ISSUER BALANCE DATE BOOR VALUE FACE VALl7& MhRKET VALUE RATE 360 365 OATE TO MAT C6RTIFICATES OF DEPOSIT - HANK 20001 Union Hank of California O6/11/9'l 350,000.00 350,000.00 350,000.00 5.050 5.050 5.120 09/09/9'7 8 20002 Vnion Bank of CalifOrnia 0]/25/9'/ 100,605.00 100,605.00 100,605.00 4.950 4.950 5.019 09/09/9'l e '_"_____'_'_ _'______'_""' _____' _"___ _"""_ � SUBTOTALS and AVERAGES '450,605.00 450,605.00 450,605.00 450,605.00 5.028 5.098 8 LOCAL AGENCY INVESTMENT FIffiDS � 21000 Local Agency Inveetment Fun 12,983,9'/8.45 12,983,978.45 12,983,9'l8.45 5.6'/9 5.601 5.6'/9 1 AVERAGES 12,983,978.45 FEDERAL AGENCY ISSUES - COUPON 15008 R Federal Farm Credit 09/13/96 499,229.']1 500,000.00 501,093.'/5 6.175 6.312 6.400 0']/09/98 311 15016 Federal Farm Credit 02/24/97 1,499,b93.12 1,500,000.00 1,498,593.75 5.400 5.472 5.548 12/02/97 92 15005 E Federal Home Loan Hank 06/14/95 2,116,207.12 2,115,000.00 2,116,321.88 6.105 5_855 5.937 12/O1/9'/ 91 15015 Federal Home Loan Hank 02/24/9] 999,902.39 1,000,000.00 999,062.50 5.900 5.430 5.506 11/26/9'/ 86 15019 Fedeial Home Loan Bank 02/13/9'1 1,000,000.00 1,000,000.00 999,68'/.50 6.090 6.040 6.124 OB/13/98 346 15010 R Federal Home Loan Mortgage 10/22/96 1,000,000.00 1,000,000.00 995,312.50 5.800 b.123 6.208 03/19/99 564 15014 Fedesal Na[ional Mortgage A O1/16/99 3,999,565.00 4,000,000.00 4,000,000.00 5.600 5.630 5.008 O1/16/98 13"! ______'___""_____ "_______'___"_ ________"_'"__ ______'__""___ "'____ ______ ______ SVBTOTALS and AVERAGES 11,119,641.'!5 11,114,59'l.29 11,110,0]1.88 11,115,000.00 5.746 S.B25 103 TREASURY SECURITIES - COUPON ll007 I Unites State9 Tzeasury 0'//O1/99 999,988.93 1,000,000.00 1,001,250.00 6.000 5.921 6.003 11/30/99 90 1'1013 R Unites StaCea Treasury 0'!/O1/95 10'1,155.'/0 104,000.00 10'J,�O5.00 ].'/50 6.098 6.182 11/30/99 820 17015 E Unites Statee Treaeury D'//O1/95 231,143.48 231,000.00 231,288.�5 6.000 5.645 � 5.924 11/30/9"/ 90 1�069 Unitea S[a[ee Treasuxy OS/29/96 2,001,963.11 2,000,000.00 2,006,250.00 6.125 5.905 5.98'I 03/31/98 211 1'/072 Vnites Statee Tzeasuiy OS/24/96 999,935.'/9 1,000,000.00 1,000,312.50 5.'!50 5.]49 5.828 09/30/9"! 29 1'!0"/"! Unitee 5[ates Tteasury OS/30/96 996,151.80 1,000,000.00 99],500.00 5.000 5.900 5.982 O1/31/98 152 1'/0'/0 R Unites State9 TleaeuYy 10/03/96 999,940.36 1,000,000.00 1,000,312.50 5.625 S.SBO 5.658 10/31/9'] 60 190�9 E Uni[ea 5[atE9 Treaeuiy 11/19/% 5,001,239.01 5,000,000.00 5,001,562.50 5.950 5.346 5.420 09/30/99 29 17083 Unites State6 Tieasury 03/21/97 1,967,156.07 2,000,000.00 1,975,000.00 5.000 b.124 6.209 02/15/99 532 1]OBa Unitee States Treasury 06/02/9'/ 4,994,649.1] 5,000,000.00 9,996,8'/5.00 5.250 5.996 5.5'/3 12/31/9'/ 121 _'__"'______'___ __""'____"' _'"_'"_'__"__ _'___"'_'__"" """' _"'"" """'"_ SUBTOTALS and AVERAGES 18,29'/,630.63 18,298,823.22 1B,31B4O56.25 18,335,000.00 5.636 5.715 195 STATS fi IqCAL GOVT SERIES 19001 State s Local Gov[ Ser Secu 07/24/9"/ 3'/7,955.00 3'l2,455.00 3'/2,455.00 0.000 0.000 0.000 09/11/9'/ 10 19002 State 6 Local Govt Ser Secu 0�/24/9'! 308,933.00 308,933.00 300,933.�0 0.000 0.000 0.000 10/O1/9� 30 19003 State � Local Govt Ser Secu 0'!/24/9'/ 3'/2,955.00 3'l2,455.00 3'l2,455.00 0.000 0.0�0 0.000 10/16/97 45 19004 State & Local Gov[ Sei Secu 0'!/24/9� 248,195.00 248,145.00 248,145.00 0.000 O.OUO 0.000 O1/29/98 150 19005 State 5 Local GOvt Ser Secu 07/24/9] 3"l2.955.00 3]2,455.00 3'/2,455.00 0.000 0.000 0.000 03/OS/98 185 , 09/23/199� ' PD Redevelopment Agency p�.� _ ; INVESTMENT POATFOLIO D&TAILS - INVSSTMBNfS Rpp AUGUST 31, 1997 ACCRUAL INVESTMENT AVE(WGE YURCHASE STATED --- YTM --- MATURITY DAYS NUPIDER ISSUER BALANCE ➢p1'6 BOOR VALUE FACE VALUE MARICET VALUE RATE 360 365 DATE TO MAT STATE L IACAL GOVT SfiRI&S 19006 Sta[e � Local Govt Ser Secu 0'//24/9'/ 1,542,0"l1.00 1,Si2,8'/1.00 1,592,8'/1.00 0.000 0.000 0.000 09/O1/98 212 19009 State 6 Local Govt Ser Secu 0'//29/9'/ 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/OB/98 219 19008 State 6 Local Govt Ser Secu 0'//24/9'/ 239,715.00 239,'/15.00 239,715.00 D.000 0.000 0.000 10/O1/98 395 19009 Stdte & Local Govt Sez Secu 0'//24/9] 12,65'l:00 12,65].00 12,65].00 0.000 0.000 0.000 03/25/99 5"l0 19010 State fi Local Gov[ Ser Secu 0]/24/99 1,581,4ll.00 1,581,41'/.00 1,581,41'].00 0.000 0.000 0.000 04/O1/99 57� 19011 State & Local Govt Ser Secu 0]/24/97 12,656.00 12,fi56.00 12,656.00 0.000 0.000 0.000 09/16/99 '/45 19012 SCate E Local Govt Ser Secu 0']/24/9] 1']'/,191.00 1'/],191.00 1'/'1,191.00 0.000 0.000 0.000 10/01/99 '!60 19013 Sta[e & LOCal Govt Ser Secu 0'//24/97 12,65'l.00 12,65'/.00 12,65'1.00 0.000 0.000 0.000 03/09/00 920 19014 State & Local Govt Ser Secu 07/24/9'/ 1,622,191.00 1,622,191.00 1,622,191.00 0.000 0.000 0.000 On/O1/00 943 19015 State 6 Local Govt Ser Secu 09/29/99 361,813.00 361,913.00 361,813.00 0.000 0.000 0.000 09/12/00 959 19016 Sta[e fi Local Govt Sez Secu 09/29/97 158,295.00 SSB,275.00 158,2'15.00 0.000 0.000 0.000 10/OS/00 1,130 1901'] State & Local Govt Ser Secu 0'//29/9'/ 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/29/O1 1,305 19018 State & Local Govt Ser Secu 07/24/9� 1,664,977.00 1,664,977.00 1,664,977.00 0.000 0.000 0.000 04/O1/O1 1,308 19019 State & Local Govt SCt SeCu 0'//24/9'/ 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/20/O1 1,980 19020 State 6 LOCdl GOvt Sei SeCu 07/24/97 88,827.00 88,827.00 88,827.00 O.OUO 0.000 0.000 10/O1/O1 1,491 19021 State & Iqcal Govt Ser Secu 0'//24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/14/02 1,655 _"___'___""____' "_"_____"___' ___'_'___"___ _'___"'_'____ __"__ _"__"" '__'"' SUBTOTALS and AVERAGES 9,549,471.00 9,549,491.00 9,549,491.00 9,549,4'71.00 O.V00 0.000 642 STATE & I/JCAL GOVT SEAIES - COUPON 19500 State E Local Gov[ Ser Secu 07/24/9'/ 5,686,827.00 5,686,827.00 5,6B6,B2'l.00 3.165 3.122 3.165 04/O1/02 1,673 19501 StaCe E Local Govt Sei SeCu 0']/24/97 60,'142,835.00 60,742,835.00 60,792,935.00 6.090 6.00� 6.090 04/18/02 1,690 "_____'"___'__"'_ ________'_"_'_ '____'__"____ __'__"__"_"__ """'_ _'__'_ ____'_ SUBTOTALS and AVERAGES 66,n29,662.00 66,429,662.00 66,<P9,662.00 66,429,662.00 5.'I60 5.890 1,609 FIDELITY TkEASURY POOL 11002 I FidellCy Inetitutional Caeh '/,856,461.00 '],856,461.00 '/,856,463.00 5.410 5.336 5.910 1 11003 R Fidelity Institutional Cash 745,057.00 ']95,05'/.00 '/45,05'/.00 5.410 5.336 5.410 1 11009 E Fidelity Ineti[utional Caeh 2,32'/,044.00 2,32"/,099.00 2,32'/,094.00 5.410 5.336 5.4]0 1 11005 I Fidelity Institutional Caeh 1,554,200.00 1,554,200.00 1,554,200.00 5.410 5.336 5.410 1 11006 R Fidelity Inetitutional Cash 20,904.00 20,909.00 20,904.00 5.410 5.336 5.430 1 11008 R Fidelity Inati[utional Caeh 1,611,681.00 1,611,687.00 1,611,681.00 5.410 5.336 5.410 1 11009 I Fidelity Snstitutional Cash 1,]55,304.00 1,955,304.00 1,955,304.00 5.410 5.336 5.410 1 ]3010 I Fidelity Ineticutivnal Caeh 7,616,527.00 7,616,527.00 7,616,527.00 5.410 5.336 5.410 1 11011 R Fidelity Inati[utional Caeh 1,595,851.00 1,595,851.00 1,595,851.00 5.410 5.336 5.410 1 11012 E Fidelity inetitu[ional Caeh 0.00 0.00 0.00 5.210 5.139 5.210 1 11018 Fidelity Inatitutional Caeh 14,000.00 14,000.00 14,000.00 5.410 5.336 5.410 1 11019 Fidelity IDe[itu[ional Caeh 19.00 7'/.00 1].00 5.360 5.28'1 5.360 7, 11020 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.160 5.089 5.160 1 11021 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.360 5.28] 5.360 1 11022 Fideli[y Inatitutional Caah 113.00 113.00 113.00 5.410 5.336 5.410 1 _ 09/23/199� PD Redevelopment Agency pM _ q INVESIMENT PORTFOLIO D6TAILS - INVESRTiGNTS ppp AUGVST 31, 199"] ACCRUAL INVESTMENT AVERAGE PIjRCHqSE STATED --- Y1M --- MATURITY DAYS NUMBER ISSUER BALANCE OATE BOOR VALUE FACE VALUE MARRET VALUE RATE 360 365 DATE TO MAT FIDELITY TRHA3URY POOL 11023 Fidelity Inatitutional Caeh 1.00 1.00 1.00 5.410 5.336 5.410 1 11025 Fidelity Inetitu[ional Caah 0.00 0.00 0.00 5.360 5.28� 5.360 1 11026 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.410 5.336 5.410 � 1 1102'/ E Fidelity Inatitutional Caeh 303,446:OD 303,946.00 303,446.00 5.410 5.336 5.410 1 ' 11028 Fideli[y Inatitutional Caeh 17.00 1'/.00 17.00 5.410 5.336 5.410 1 11029 Fidelity Inatitutional Caeh '/30.00 '/30.00 '/30.00 5.410 5.336 5.410 1 1103� R Fidelity Inatitutional Caeh 650,855.00 650,855.00 650,855.00 5.910 5.336 5.410 1 11031 Fidelity Institutional Caeh 9.00 8.00 8.00 5.360 5.28'/ 5.360 1 11032 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.150 5.0�9 5.150 1 1103'/ Fidelity Ins[itutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 11038 Fidelity Institutional Caeh 79.00 74.00 74.00 5.410 5.33fi 5.410 1 11039 R Fideli[y inetitutional Caeh 36,2'/9.00 36,2']4.00 36,2'l4.00 � 5.910 5.336 5.410 1 11090 Fidelity Inetitutional Caeh 531,778.00 531,778.00 531,778.�0 5.910 5.336 5.410 1 11041 I Fidelity Znetitutional Caeh 109,232.00 109,232.00 109,232.00 5.910 5.336 5.910 1 11042 Fidelity Institutional Caeh 12.00 12.00 12.00 5.260 5.188 5.260 1 11044 Fidelity InatiCu[Sonal Cash 35,000.00 35,000.00 35,000.00 5.430 5.336 5.410 1 11046 £ideliCy inetitutional Caeh 3,837.00 3,837.00 3,837.00 5.410 5.336 5.410 1 1104'] Fidelity Inetitutional Caeh 8B4O00.00 BB,000.00 BB,000.00 5.430 5.336 5.430 1 13048 Fidelity I�etitutional Caeh 0.00 0.00 0.00 5.220 5.148 5.2Z0 1 11049 Fidelity Institutional Caeh 9,454.00 9,454.00 9,454.00 5.410 5.336 5.910 1 11050 Fidelity Inati[utional Caeh 81],000.00 81'1,000.00 B1'/,000.00 5.410 5.336 5.610 1 11051 Fidelity Institu[ional Caeh 0.00 0.00 0.00 5.220 5.148 5.220 1 11052 Fideli[y Insti[u[ional Caeh 2,8]4,324.00 2,8"l4,324.00 2,8'/4,329.00 5.410 5.336 5.410 1 11053 Fidelity Institutional Caeh 3,8]6,552.00 3,B'/6,552.00 3,8'/6,552.00 5.410 5.336 5.410 1 11054 Fidelity Ine[i[utional Caeh 510,866.00 S10,B66.00 510,866.00 5.410 5.336 5.410 1 11055 Fidelity Snatitutional Caeh 34.00 34.00 34.00 5.410 5.336 5.410 1 ,_ _ " '"_'__ ___"_' ______ ""_"__ S[IBTOTALS and AVERAGfiS 34,3')0,600.9] 34,944,653.00 39,994,653.00 , 39,944,653.00 5.336 5.430 1 TOTAL INVESTMENTS and AVG. $ 153,771,789.96 153,]86,497.58 153,196,589.80 153,BOB,369.45 5.274t 5.348t B00 . 09/23/199� PD Redevelopment Agency pM - 5 SNVESTMB�IT PORTFOLIO�DETAILS - CASH RDA AUGUST 31, 1990 ACCRUAL INVE5IMENT AVERAGE PURCHASE STAT&D --- YTM --- MATURITY DAYS tdOMBER ISSUER BN.ANCE DATE BOOR VALUE FACE VALUE MARKET VALVE RAT£ 360 365 DATE TO MAT PASSBOOR/C7�CKING 25002 H of A - Self Help Checking 43,563.10 0.000 o.aoo 0.000 AV6RAGE5 42,754.06 TOTAL CASH and INVESTMENTS 5 153,239,343.86 153,015,3'/0.9'/ , 09/23/1997 � PD Redevelopment Agency PM - 6 PORTFOLIO Mp$TER INVESTMENT ACfIVSTY BY TYPE (�p AUGUST 1, 1997 - AUWST 31, 1999 ACCRVAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT p ISSUER RATE DAT& OR DEPOSITS OR NZT}mRAWALS BALANCE CERTIFICATES OP DEPOSIT - HANK 450,605.00 IACAL AGENCY INVESTMENT FUNDS (Monthly Sunvnary) - � 21000 Local Agency Investme[lt Fund 5.6'/9 12,993,9'18.45 PASSBOOR/CHECRING (Monthly Summazy) 25002 B of A - Self Kelp Checking 0.000 856.'ll 0.00 CASH wIxe ZRV6TEE -FIRST TRVST (Monthly Summaiy) 26000 Caeh with Tztietee 0.000 0.60 26001 Caeh with Tzuetee 0.000 26002 � Ca9h with TruBtee 0.000 0.64 26003 Caeh with Truetee 0.000 1.90 26009 Caeh with Truatee 0.000 1.1� 26005 Cash with Truetee 0.000 1.90 26006 Cash with Trustee 0.000 2600'l Caeh with Trustee 0.000 0.32 26008 Caeh with Trustee 0.000 0.39 26009 Cash with Trus[ee 0.000 0.17 SUBTOTALS dnd ENDING BALANCE 2.48 4.68 0.00 FEDERAL AG6NCY ISSUES - COUPON . 11,114,59�.29. TREASURY SECURITIES - COUPON 18,298,823.22 STATE 6 IACAL GOVT SERIES 9,599,9'11.00 STATE fi LOCAL GOVT SERIES - COUPON 66,429,662.00 � . 09/23/1999 PD Redevelopmen[ Agency pM _ � YORTFOLIO MhSTER INVESIMENT ACfIVITY BY TYPB Rpp AUGUST 1, 1999 - AUGVST 31, 1999 ACCRUAL STATED TRApISA�'{'zON PORC}NSES SALES/MATURITIES TYPE INVESTTIENT # ISSUER RATE DATE OR DEPOSITS OR WITEIDRAWALS BALANCE FIDELITY TR6ASURY POOL (Monthly SLLmmdYy) 11002 I Fidelity Inetitutional Caeh 5.410 33,262.00 11003 R Fid¢lity InetitutiOnal Caeh 5.930 � 3,154.00 11004 E ' Fidelity Inetitutional Caeh 5.410 - 9,608.00 . 11005 I Fidelity Inetitutional Cash 5.410 6,581.00 11006 R Fidelity Inetitutional Cash 5.410 89.00 11008 R Fidelity Insti[utional Caeh 5.410 6,8"/3.00 . 13009 I Fidelity Institutional Caeh 5.910 �,432.00 73030 I Fidelity Ine[itutiOvdl Cash 5.910 35,498.00 50'1,036.00 11011 R Fidelity Inatitutional Caeh 5.910 26,59"/.00 11012 E Fidelity Ina[itUtional Caeh 5.210 11018 Fidelity IneCiGutional Caeh 5.410 111,416.00 9'/,916.00 11019 Fideli[y InetitU[ional Caeh 5.360 11020 Fidelity Inetitutional Caeh 5.160 11021 Fidelity Inetitutional Caeh 5.360 13022 Fidelity Inatitutional Caeh 5.910 '/82,869.00 13023 Fidelity Inatitutional Cdah 5.910 272.00 11025 Fidelity Inetitutional Caeh 5.360 13026 Fidelity Ina[itutional Cash 5.910 66.00 1102"l E Fidelity IneCiCUCional Caeh 5.910 1,285.00 11028 Fidelity Inatitu[ional Caeh 5.410 119,883.00 11029 Fidelity Inatitutional Caeh 5.910 q.pp 11030 R Fidelity Snstitutional Caeh 5.910 2,'155.00 11031 Fidelity Institu[ional Caeh 5.360 11032 Fidelity IneCitu[ional Caeh 5.150 1103'1 Fid¢lity InetitllCiORdl Cash 5.910 15.00 15.00 11038 Fidelity Inatitu[ional Caeh 5.410 '/4,SB3.00 11039 R Fidelity Inatitutional Caeh 5.910 206.00 1,'1]S.OU 11040 Fidelity Inetitutional Cash 5.410 531,600.00 11041 I Fidelity Institutional Caeh 5.410 965.00 361.00 11042 Fideli[y Inatitu[ional Cash 5.260 11044 � FideIity In9titutiOnal Caeh 5.410 1,852.00 11046 Fidelity Tnsti[u[ional Caeh 5.410 16.00 1104'/ Fideli[y Inatitutional Cash 5.430 529.00 36,829.00 11048 Fidelity InstiCutional Cdeh 5.220 11049 Fidelity Inetitutional Caeh 5.410 90.00 11050 Fidelity inetitutional Caeh 5.930 3,643.00 93,454.00 � 11051 Fidelity Ina[itutional Caeh 5.220 13052 Fidelity Ina[itutional Cash 5.910 1],169.00 11053 Fidelity Ineti[utional Caeh 5.910 343,41'1.00 . 11054 Fidelity Ineti[utional Cash 5.910 416,684.00 11055 Fidelity Institu[ional Caeh 5.910 230,8']4.00 SVHTOTALS and ENDING BALANCE 1,555,1']0.00 1,904,133.00 34,994,653.00 ______"____"'"__'__________________"__'________________'____"_'__'"____ TOTALS 1,556,029.19 1,904,13].60 153,�71,789.96 09/23/199� PM - 8 PD Redevelopment Agency RDA INVESTMENT ACTIVITY SUMMARY ACCRUAL AUGUST 1996 thTough AUGUST 1997 YIELO TO MATURITY MANAGED NOMBER pF NUMBfiR OF AVERAGE MONTH NUMBER OF 1YJTAL 360 365 POOL SEC[JRITIES SECURITIES AVERAGE DAYS TO IId� YEAR 56CURITIES INVESTED EQ[/IV 6QUIV RATE PVRCHAS&O MATURED/SOLD TERM MATURITY Auguet 96 102 91,598,931.SB 5.634 5.013 5.099 2 7 559 303 September 96 101 86,905,66'/.09 5.662 5.]41 5.0'1'1 2 5 590 303 October 96 106 103,501,531.69 5.568 5.695 5.139 10 5 999 26] November 96 102 B'/,516,234.OB 5.52'! 5.604 5.06B 3 9 383 254 Decembez 96 9'] '/9,366,'l46.51 5.511 5.58'/ 5.169 0 6 314 165 January 97 95 85,701,933.97 5.569 5.646 5.241 2 6 320 1'13 February 97 93 80,869,552.07 5.546 5.623 5.107 0 3 332 168 March 97 91 70,533,057.43 5.516 5.592 5.218 1 3 341 199 April 97 97 80,575,386.79 5.582 5.660 5.220 2 2 368 213 May 9'1 95 'IB,SB5,626.60 5.616 5.694 5.309 0 4 361 198 Sune 9'1 B'1 85,625,456."/8 5.999 5.5'/0 5.360 3 13 199 101 Suly 9'/ 94 153,B79,4']5.30 5.259 5.332 5.630 29 4 882 821 Augue[ 9'/ 95 153,'I'l1,'189.96 5.2'!9 5.348 5.6']9 0 0 882 800 AVERAGES 9'] $ 95,263,953.06 5.5218 5.59'/& 5.253& 9 5 464 305 ;09/23/1997 pM - 9 � PD R@deVelapment AgeRCy RDA DISTRIBllTION OF INV65'1T16NTS ITY TYPE ACCRUAL AUGLIST 1996 thTough AUGUST 1997 MONTN "__'___________"'__'_'____'_'__"'_________'__ TYPES QF IN�6STMENTS _"_'_____'_'_______'____"'__""_"_____'__'_' END YEAR Hm SC9 PID1 LAS PA1 PA2 PA3 MTN BAC CtlM FAC FAD TRC TRD MC1 MC2 LA1 Auguet 96 0.3 12.1 2.3 0.5 62.3 0.5 22.0 Septembez 96 0.3 11.3 " 3.0 1.1 65.0 0.5 18.] Octobez 96 0.3 9.2 3.2 4.3 6.8 49.3 0.4 26.5 Novembez 96 0.3 10.3 0.1 3.8 5.0 12.2 45.7 22.5 December 96 0.4 9.5 2.a 5.6 13.t 99.4 29.5 January 99 0.1 22 J 0.5 �.2 6.'/ 39.9 22.9 February 9] 0.1 � 22.8 '].'/ 1.0 42.3 26.2 March 9'/ 0.1 14.9 8.8 0.6 40.8 34.9 April 97 0.1 13.0 23.2 3.7 35.7 24.3 May 9'/ 0.1 1'/.2 23.8 3.B 29.2 25.9 Sune 9'/ 0.5 0.1 15.0 15.3 22.5 t6.6 Suly 9'1 0.3 8.4 ].2 11.9 6.2 43.2 22.8 August 9'1 0.3 8.4 '].2 11.9 6.2 43.2 22.'1 AVERAGES 0.1} 0.2t 13.5& 0.0$ 0.8& 9.3& 3.86 38.5$ O.lt 1.0& 6.6t 26.2t .=��__as�_�ese�eas�9sees�»>��__.�ea»seea�m�ea�na�se��eee«a�ee«��____��me��e�e�m��a�sasa��s��«sea��e��_� BCD - CezGificatea of Deposit - Bank SCD - Certificates of Depoeit - S � L t�l - Treasury Securitiea - T-Bill LAS - Loca� Agency inveetment Funda PA1 - Paeabook/Checking PA2 - Caeh with Trus[ee -Firet Tzuat PA3 - Checking/Self Help Houeing Loans MTN - Medium Texm Notee BAC - Bankers AccepCancee COM - Comme[cial Papet - Diecount FAC - Fedezal AgeRCy IBBllCe - CoupOn FAD - Fedeial AgenCy Ie9ues - DiBCount 1RC - Treaeury Securitiea - Coupon TRD - Tieaeury SeCuritiGe - Diecount MC1 - Sta[e & Local Govt Seriee MC2 - State & Local Govt Seriee - Coupon . LA1 - Fidelity Treasury Pool 09/23/199� PM - 10 PD Redevelopment Agency ppp INTEREST RARNINGS SUMMHRY ACCRUAL AUGUST 31, 1997 MONTH 6NDING FISCAL AUGUST 31, 1997 YEAR TO DATE CO/Coupon/Discount Snveetmente: Intereet Collected S 40,60'/.'/3 $ 236,'/36.82 PLI7S Accrued Inteie9t at 2nd of Period 891,'/80.96 891,'180.96 LESS Accrued Intereet at Beginning of Period ( 962,'/68.08) ( 920,008.60) � ' Intereet Eained duzinq Peiiod $ 469,620.61 �08,509.18 AIINSTED by Premiume and Diecounte 2,369.66 : 'vi••9=663 56 ADNSTED by Capital Gaine or Loseee 0.00 0.00 _____"'_____'__'_ '__'"'_______'__'_ Earninga during Period 9'/1,990.2] $ '/13,1"/2.'l4 Mortgage Backed Securitiee: Interest Coilected . S 0.00 $ 0.00 PLUS Accrued Inteiest at End of Period 0.00 0.00 LESS Accrued Intere6t at Beginning of Period ( 0.00) ( 0.00) In[erest Earned during Period $ 0.00 0 00 �NST£P by pzemzume and Diecomte 'a` '9 6 i ¢0 00 -=-=-avia==y=`0•00 A[��JUSTED by Capital Gains or Loeeee 0.00 0.00 _'_""_""_'"____ ____'_____"_'_"'_ Earnings during Period 0.00 $ 0.00 Cash/Checking Accounte: Intereet Callected $ 1'/'/,908.66 $ 466,328.4'/ PLUS Acczued In[erest a[ End of Period -49,869.81 -t'],864.81 LESS Acczued Inte[est a[ Beginning oE Period ( -90,509.08) ( -41,405.12) _'"______"_____"_'" ____________"__"_" In[ereet Earned during Period $ 220,550.93 $ 459,868 JB TOTAL Interest Earned during Period $ 690,171.54 5 1,168,3]7.96 TOTAL Ajus[menta from Premiume and Diecounte $ 2,369.66 S 9,663.56 TOTAL Capital Gaine or Loeeee $ 0.00 $ 0.00 '""""""""'""'""'_' _________"_______ TOTAL Earninge during Peiiod $ 692,541.20 $ 1,173,041.52 , 09/23/199� RDA $100 Million Bond PM - 2 INVESTMENT YORTFOLIO DfiTAILS - INVESTMBNT& {�A AVGUST 31, 1997 ACCRVAL INVESTMENT PURCk3ASE STATED --- YTTi --- MATURITY DAYS NUPIDER ISSUER DATE HOOK VALUE FACE VALUE MARR6T VALUE RA1'E 360 365 DATE TO MAT F&D6RAL AGENCY ISSU6S - C1�VPON 15030 R Federal Home Loan Mortgage 10/22/96 1,000,000.00 1,OOO,U00.00 995,312.50 5.800 6.123 6.208 03/19/99 564 FIDELII'1 TREASURY POOL 11010 I Fidelity Ineti[utional Caeh '1,616,52'/.00 "/,616,52'/.00 "],616,52'/.00 5.410 5.336 S.a10 1 11011 R Fidelity Inetitutional Cash � 1,595,851.00 1,595,851.00 1,595,851.00 5.410 5.336 5.410 1 11012 E Fidelity Institutional Caeh 0.00 0.00 0.00 5.210 5.139 5.210 1 11018 Fideli[y Inetitutional Cash 19,000.00 14,000.00 1a,000.00 5.410 5.336 S.a10 1 1103'/ � Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.410 5.336 5.410 1 __'_'_"____'" ___"__""___' _____'"_______ __'__" ______ "___" SUBTOTALS and AVERAGES 9,226,3'/8.00 9,226,3'/B.00 9,226,378.00 5.336 5.410 1 TOTAL INVSSTMENTS and AVG. $ 10,226,3'/B.00 10,]21,690.50 10,226,370.00 5.413& 5.488t 56 . 09/23/199� RDx $100 Million Bond PM - 3 INVESTMENT PORTFOLIO D&TAILS - CASH �p AUGUST 31, 1997 ACCRUAL INVESTMENT PURCyP,SE STATED "- YTM --- MpTURITY DAYS M1MBfiR ISSUER DATE HO01( VALVE FAC6 VALUE MARICET VALVE RATE 360 365 DATE TO MAT CASH WITH TAUST&E -FIRST TRUST 26000 Caeh with Truatee 1.58 0.000 0.000 0.000 TOTAL CASH and INVESSMENTS $ 10,226,3'19:58 � , 09/23/199� 72�A 51�.5 Million Bond pM _ Z INVESTMENT PORTFOLIO DETAILS - INVESTl�NTS [tpp AUGVST 31, 1997 ACCRUAL INVESTMENT PURCHASE STATBD '-- Y1M --- Mq7'17RI17 DAYS NUDIDER ISSVER DATE BOOR VALUE FACE VALOE MARICET VALUE RATE 360 365 DATE TO MAT FIOSLII7 TREASURY POOL 13008 R� Fidelity Ineti[utional Caeh 1,611,681.00 1,611,681.00 1,611,681.00 5.410 5.336 5.410 1 13009 I Pidelity In9titutional Caeh 1,755,304.00 1,755,304.00 1,755,304.00 5.410 5.336 5.410 1 11021 Fidelity Ineti[u[ional Caeh 0.00 0.00 � 0.00 5.360 5.28"/ 5.360 1 13022 Fidellty Ine[itutional Caeh 113.-00 113.00 113.00 5.430 5.336 5.910 1 13023 Fidelity Institutional Caeh 1.00 1.00 1.00 5.430 5.336 5.410 1 "______'__"___ ________'_____ __________'___ "_____ '_____ ______ SUHTOTALS and AVERAGES 3,369,099.00 3,369,099.00 . 3,36'l,099.00 5.336 5.410 1 _______________"_________"__"____________""_""________"____________________"____ TOTAL INVESTMENTS and AVG. $ 3,367,099.00 3,367,099.00 � 3,36'/,099.00 5.336& 5.410& 1 :::�...........:.:............��e«ee�.....�aem�=mae��e..e�aase�...�amaaaeea��me.�.. 09/23/199� RDA $1�.5 Million Bond p�.� _ 3 INVESTMENT PORTFOLIO ➢ETAILS - CASH 7�p AUGUST 31, 199'/ ACCRUAL INV&STMENT ' PllRCHASE STA1'�P --" YTM --- MATfIkITY DAYS NUMBER ISSUER OATE BOOK VALVE FACE VALUE MHR[�T VALVE ItATE 360 365 DATE TO MAT �ncH WITH TRUSTEE -FIRST TRUST 26005 Caeh with Tsuetee 0.47 0.000 0.000 0.000 � TOTAL CASH and INVESTMGNTS ' $ 3,36'/,099-.4] 09/23/799� RDA 524 Million Bond pp� - 2 INVESTMENT PpRTFOLIO DETAILS - INVESTMENTS [tpp AUGUST 31, 1997 ACLRUAL INVESTMENT PURCHASE STAT6D --- YRT1 --- MATlJRF1'% DAYS N1IMBEA ISSUER DATE HOOR VALUfi FACE VALUE MARI($T VALUE RATfi 360 365 DATS TO MAT F8D&RAL AGENCY ISSUES - COUPON 15014 Federal National Mortgage A O1/16/9'/ 3,999,565.00 4,000,000.00 9,000,000.00 5.600 5.630 5.")08 O1/16/98 13'/ TREASURY SECURITIES - COUPON 1]00'/ I Unitee Statee 2reaeury 0'//01/94 999,988.'/1 1,000,000.00 1,OO1,Z50.00 6.000 5.921 6.003 11/30/9'! 90 i]0'l9 E Unitee Statee Treaeury 11/14/96 5,001,239.01 5,000,000.00 5,001,562.50 5.'/50 5.396 5.420 09/30/9'/ 29 1']OB4 Unites States Treasury 06/02/9'/ 4,994,649.1'] 5,000,000.00 4,996,8'/5.00 5.250 5.996 5.5'/3 12/31/9"/ 121 "___""_"_"_"" __"'__""'_" __'_"______'_ _'____ _'____ "____ SUBTOTALS and AVERAGES 10,995,8'l6.91 10,999,68�.50 11,000,000.00 S.n66 5.542 �6 FIDELITY TREASURY POOL 11002 I Fidelity Inetitutional Caeh '1,856,461.00 '/,856,461.00 'l,BS6,S61.00 5.410 5.336 5.410 1 11003 R Fidelity Inatit�tional Caeh 745,057.00 745,057.00 745,057.00 5.410 5.336 5.410 1 11009 E Fidelity Inatitutional C80h 2,32'/,044.00 2,32'/,044.00 2,327,044.00 5.410 5.336 5.410 1 11019 Fideli[y Institutional Caeh 17.00 17.00 17.00 5.360 5.2B7 5.360 1 11020 Fidelity Inetitutional Cash 0.00 0.00 0.00 5.160 5.089 5.160 1 11029 Fidelity Inatitutional Caeh 'l30.00 '/30.00 '/30.00 5.410 5.336 5.4�0 1 """_____ '__"_ ____'_ '___'_ SVBTOTALS and AVERAG6S 10.929,309.00 10,929,309.00 10,929,309.00 5.336 5.410 1 ____"'_""_""_'_______'_____'__"_'_"________________"_"___'_________'___""' TOTAL INVESTMENTS and AVG. $ 25,929,'/50.91 25,928,996.50 25,929,309.00 5.437k 5.512k 54 , 09/33/199v RDA 524 Million Bond pp� _ 3 INVESTMENT PORTFOLIO DETAILS - CASH Rpp AUGUST 31, 1997 ACCRUAL INVESTMENT YURCHASE STATED --- Y1T1 "" MATURII7 DAYS I7UMBER ISSUER DATE H00% VALIIE FACE VALUE MAAI(ET VALUE RATE 360 365 DATE TO MAT ______________"__"__________________________"'___________________'___"_________________'______________'___________________"_"_"__" GSH WITH TRUST&E -FIRST TAVST 26002 Caeh with TruHtee 1.98 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 25,924,'/52:89 ' _ 09/23/199� RDA $4 Million Hond PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA AUGUST 31, 199"1 ACCAOAL INVESTM6NT PURCHAS& STATED --- YTM --- MATURITY DAYS NUFIDSR ISSUER OATE BO01C VALLIE FACE VALUE MARI(ET VALVE RATE 360 365 DATE TO MAT FED&RAL AG6NCY ISSUfiS - COUPbN 15005 E F¢dexal Home Loan Hank 06/14/95 2,116,20'/.12 2,115,000.00 2,116,321.88 6.105 5.855 5.93"/ 12/O1/9'/ 91 TREASURY SECURITIES - COIIPON 1]013 R Unitee Sta[ee Tieaeuzy 09/O1/95 109,155.']0 104,000.00 109,905.00 '].']50 6.098 6.182 11/30/99 820 1]O15 E Unites Statee Treasury 0'//O1/95 231,143.48 231,000.00 231,288.'/S 6.000 5.695 5.729 11/30/9'/ 90 _'_'______'"__ '""'____'"__" __'____'__"_'_ "___' ______ ___'_' SUBTOTALS and AVERAGES 338,299.18 338,993.'IS � 335,000.00 5.'/89 5.869 321 FIDELITY TREASURY POOL 11005 I Fidelity inati[utional Caeh 1,554,200.00 1,554,200.00 1,554,200.�0 5.410 5.336 5.a10 1 11006 R Fidelity InetitUtional Caeh 20,904.00 20,904.00 20,904.00 5.910 5.336 5.410 1 11025 Fidelity Inetitutio�tal Caah 0.00 0.00 0.00 5.360 5.287 5.360 1 11026 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.410 5.336 5.410 1 11027 E Fidelity Inetitutional Caeh 303,44fi.00 303,446.00 303,446.00 5.410 5.336 5.410 1 11028 Fideli[y Inetitutional Caeh 1'1.00 1'l.00 1'I.00 5.410 5.336 5.410 1 _"""__""______ ______________ __"'"___"_____ ___"_" _"__"_ ______ SUBIVTALS and AVERAGES 1,B"lB,56'/.00 1,B"/8,56'l.00 1,878,567.00 5.336 5.410 3 ______'__'____"__'_'_"_'___'_""______'____'________"_"_____________'_""__ TOTAL INVESTMENTS and AVG. $ 4,333,073.30 4,333,882.63 4,328,56�.00 5.6256 5.']03S ')0 09/23/199� RDA $9 M111ion Bond pM - 3 INVESTMENT PORTPOLIO DETAILS - CASH RDA AUGUST 31, 199'/ ACCRUAL INVESTMENT PURCF3ASE STATED --- Y1M --- MATURITY DAYS NUI�ER ISSiIER DATE BOOK VALUE FACE VALVE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTfiE -FIRST TRVST 26003 Caeh with Truetee 1.'!3 0.000 0.000 0.000 TOTAL CASH and INVESIMENTS 5 4,333,075:03 . 09/23/1997 Low Mod Set-aside Refunding PM - y � INVESTMENT PORTFOLIO DETAILS - INVGSTMENTS RDA AUGUST 31, 199'/ ACCRUAL INVESTMENT PURCHASE STATED --- Y1Tf --- MA1'URI1'] DAYS NVPIDER ISSUER DATE BOOR VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT FIOfiLITY TR6ASURY PG10L 11030 R' Fidelity IneCitutional Caeh 650,855.00 650,855.00 650,855.00 5.410 5.336 5.910 1 11031 Fidelity Inetitutional Caeh 8.00 8.00 8.00 5.360 5.28� 5.360 1 11032 Fidelity Ine[it�[ional Caeh 0.00 0.00 � 0.00 5.150 5.079 5.150 1 11090 Fidelity institutional Caeh 531,'/'/8.00 531,'/'lB.00 531,7'/8.00 5.410 5.336 5.410 1 '___"_"____" '"_"""_"______ _""'_______"' '""__' '_____ "____ SVBTOTALS and AVERAGES 1,182,691.00 1,182,641.00 1,182,641.00 5.336 5.410 1 _'___'___'____"_"'_"_'__'___'___'_'_'_'_'_____"'_'____'__'______"_'__"__'_ TOTAL INVESTMENTS and AVG. $ 1,182,641.00 1,182,641.00 1,182,641.00 5.336t 5.9105 1 . ese�_��a��_��.��.saz..t�_�s�zssaas�as��e��_�a�n��aa�a�__�Qaasssamaa 09/23/1997 Low Mod Set-aeide Refunding pM - 3 INVESTMENT PORTFOLSO DETAILS - CIUSH [zpp AUGUST 31, 199'/ ACCRUAL INVESTMENT � PllRCHAS£ STATED --- YTM --- MATURITY DAYS NUhID&R ISSI7ER DATE BOOK VALUE FACE VALVE MARI(ET VALUE RATE 360 365 DATE TO MAT ___"'""_'"_""'_______'_______"'________'__"__"__'___"_'"'"_""____'_______"__"_"__"____'_"'___"'__'""'_'________"'_"'___ CASI{ NITH TRUSTEE -FIRST 1RU6T 26004 Caeh with Truetee 2.54 � 0.000 0.000 0.000 � TOTAL CASH and INVESTMENTS ' S 1,182,643'.59 09/23/1997 Proj Area 1-1997 refunding pp� _ Z INVESIMENT PORTFOLIO DETAILS - INV2SIMEN'pS RDA AUGUST 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTTi --- Mp'1'IJRI1'y DAYS NVhIDER ISSUER DATE e00K VALUE FACE VALUE MpR[(gT VALUE RA1'E 360 365 DATE TO MAT STAT& fi I/JCAL GOVT SERIES 19001 State fi Local Govt Set Secu 0'//24/9'! 372,955.00 3"/2,455.�0 3'/2,455.00 0.000 0.000 0.000 09/11/9'/ 10 19002 State 6 Local Govt Ser Secu 0'//24/97 308,933.00 308,933.00 308,933.00 0.000 0.000 0.000 10/O1/9"/ 30 19003 State & Local Govt Ser Secu 0'l/29/9'/ 3'12,455.00 3'12,455.00 3'/2,955.00 0.000 0.000 0.000 10/16/9'l 95 19004 State & Local Govt Ser Secu 0'//29/9'/ 248,145.00 248,195.00 248,395.00 0.000 0.000 0.000 O1/29/98 150 19005 State 6 LOCal Govt Ser Secu 0'//24/9'! 3]2,455.00 3'/2,955.00 3'/2,455.00 0.000 0.000 0.000 03/OS/9B 185 19006 Sta[e & LOCal Govt Ser SeCu 0]/24/9] 1,542,891.00 1,542,8'71.00 1,542,891.00 0.000 0.000 0.000 04/O1/98 212 19007 State & Local Govt Ser Secu 0'l/24/9] 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/OB/98 219 19008 S[a[e & Local Govt Ser Secu 0'//24/9'] 239,'/15.OD 239,]15.00 239,'/15.00 0.000 0.000 0.000 10/O1/98 395 19009 SCa[e k LOCal Govt Ser SeCll 07/24/97 12,657.00 12,657.00 12,65v.o0 0.000 0.000 0.000 03/25/99 5�0 19010 StatE 6 Local Gov[ SEr Secu 0']/�4/99 1,SB1,419.00 1,581,410.00 1,561,410.00 0.000 0.000 0.000 04/O1/99 5]0 19011 State & Local Gwt Ses SeCu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/16/99 'l45 19012 Sta[e 6 Local Govt Ser Secu 0'//24/9] 1'/'/,191.00 1'l'],191.00 1'/'/,191.00 0.000 0.000 0.000 10/O1/99 '/60 1.9013 State 5 Local GovL Ser Secu 0'//29/97 12,657.00 12,657.00 12,657.00 0.00� 0.000 0.000 03/09/00 920 19014 State 5 Local Govt Ser Secu 0'//29/9'/ 1,622,191.00 1,622,191.00 7,622,191.00 0.000 0.000 0.000 04/O1/00 943 19015 State s Local Govt Ser Secu 07/24/97 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/12/00 954 19016 State & Local Govt Ser Secu 0'//24/9'/ 158,2'J5.00 158,2'/5.00 158,2'15.00 0.000 0.000 0.000 10/OS/00 1,130 1901� State & Local Govt Ser Secu 0]/24/9] 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/29/O1 1,305 19018 State 6 Local Gov[ Sez Secu 07/24/99 1,664,999.00 1,664,999.00 1,664,9]0.00 0.000 0.000 0.000 04/O1/O1 1,308 19019 State 6 Iqcal Govt Ser Secu 09/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/20/O1 1,480 19020 State fi Local Govt Ser Secu 09/24/9] BB,B29.00 88,82].00 88,829.00 0.000 0.000 0.000 10/01/01 1,491 19021 SCa[e 6 Local Govt Ser Sew 0]/24/9] 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/14/02 1,655 , '__"___'"__'" '_'_""'"'___' _'_""__"__' ______ _""_"' __'"'_ SUBTOTALS and AVERAGES 9,549,491.00 9,549,4�1.00 9,549,4]1.00 0.000 0.000 642 STATE & I/JCAL GOVT SERIES - COlIPON � 19500 State 6 Local Gov[ Ser Secu 07/24/9'] 5,686,82'/.00 5,686,82�.00 5,686,87'/.00 3.165 3.122 3.165 04/O1/02 1,6'!3 19501 State 6 Local Govt SeY Secu 07/24/9] 60,792,835.00 60,'/42,835.00 60,'/4Z,835.00 6.090 6.00] 6.090 04/18/02 1,690 ___'_"_'_'""_ "_'_'_____"_ _"_____"_'_'" __'__' "'___ ""__ SUBTOTALS and AVERAGES 66,429,662.00 66,429,662.00 66,429,662.00 5.960 5.840 1,689 ________________"""__________"'"_____________'__""___________"_________________ TOTAL INVESTMENTS and AVG. $ 75,979,133.00 75,979,133.00 ]5,9"l9,133.00 5.036� 5.106& 1,55'I 09/23/199� 1996 Deeert Aoee Seriee A pM - 2 " INV&STMfiNT PORTFOLIO DETAIL6 - INVESTM&NTS RnA AUGUST 31, 1997 ACCRUAL IN�SIMEN'A' PURCtiHSE STATED --- YTM --- MATURITY DAYS NUPIDER ISSUER DATE BOOA VALVE PACE VALUE MAR%ET VALUE RATE 360 365 DATE 1C) MAT TR6ASURY SECURITIES - COUPON 1'/0'/8 R Uni[ea Statee Treaeury 10/03/96 999,940.36 1,000,000.00 1,000,312.50 5.625 5.580 5.658 10/31/9'/ 60 FIDELSTY TREASUAY POOL � . 11046 Fidelity Inetitu[ional Cash 3,839.00 3,83'l.00 3,83].00 5.410 5.336 5.410 � 1 ' 1104'] Fidelity Inetitutional Caeh 88,000.00 88,000.00 88,000.00 5.410 5.336 5.410 1 11048 Fidelity Inetitutional Ca9h 0.00 0.00 0.00 5.220 5.148 5.220 1 11053 Fidelity Inetitutional Cash 3,8'I6,552.00 3,B"/6,552.0� 3,8]6,552.00 5.410 5.336 5.410 1 11�54 Fidelity Institutional Cash 510,866.00 510,866.00 510,866.00 5.410 5.336 5.410 1 "__""_"""__ __"_'_"'___"' ____'__"'___' __'_" ""_'__ _"____ SUBTOTALS and AVERAG&S 4,499,255.00 ' 4,499,255.00 4,479,255.00 5.336 5.410 i 1C)TAL INVESIMENTS and AVG. $ 5,4'/9,195.36 5,4']9,56'I.50 . 5,479,255.00 5.3818 5.455i 12 09/23/199� 1996 Deeert Roee Seties A PM - 3 INVESIMENT PORTFOLIO DSTAILS - CASH �tpA AUGUST 31, 199] ACCRUAL INVESIMENT PURCHASE STATED --- Y1M --- MATURITY DAYS NUFIDER ZSSVER DATE HOOR VALUE FAC& VALUE MARICET VALUE RATE 360 365 DAT6 TO MAT rneH 47ITH TRVST86 -FIRST TRllST 26008 Caeh with Truetee 5.81 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 5,479,201:17 - 09/23/199� 1996 Deeett Roee Seiiee B pp� _ 2 INVESTM&NT PORTFOLIO DETASLS - INVESTMENTS RDA AUGUST 31, 1997 ACCRUAL INV&STMENf PURCHASE STATED --- YTM --- MATURII'P DAYS NIIMBER ISSUER DATE BOOK VALVE pACE VALUE MARICET VALUE RATE 360 365 DATE 1C1 MAT FeDERAL AGENCY I9SUES - COVPJN 15016 Federal Faim Ciedit 03/24/97 1,499,693.12 1,500,000.00 1,498,593.75 5.400 5.4'/2 5.548 12/02/9'/ 92 15015 Federal Nome Loan Bank 02/29/9'/ 999,902.34 1,000,000.00 999,062.50 5.400 5.430 5.506 11/26/9'/ B6 ____"__""'"_' _______'______ _""""_______ _"____ ______ "__'__ SUBTOTALS and AVERAGES 2,499,595.45 2,49'/,656.25 2,500,000.00 5.455 5.531 90 FIDELITY TF2EASURY POOL 11049 Fidelity Ine[itu[ional Caeh 9,454.00 9,454.00 9,454.00 5.410 5.336 5.410 1 11050 Fidelity Inetitutional Caeh 817,000.00 el'/,000.00 81'],000.00 5.910 5.336 5.410 1 11051 Fidelity Inatitutional Caeh 0.00 0.00 0.00 5.220 5.148 5.220 1 11052 Fidelity Ina[itu[ional CaBh 2,874,329.00 2,874,324.00 2,874,324.00 5.410 5.336 5.410 1 ' '" ""'__'_' __'_'_ _____' ""__ SUBTOTALS and AVERAGES 3,700,778.00 3,700,778.00 3,'/00,'1'l8.00 5.336 5.910 1 _'___"'"""'""'"'""_'""'""'""__"____"'______'__'_"_""__'_'____'_"'"'_"_" TOTAL INVESIMENTS and AVG. $ 6,200,3�3.4fi 6,19B,434.25 6,200,'!')8.00 5.3842 5.959i 3'/ . 09/23/1997 1996 Deeert Rose Seriee B pp� _ 3 INVESTMENT PORTPOLIO DETAILS - CASH gpp AUGUST 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- Y1T1 --- MATORITY DAYS IiUMBER ISSUER DATE BOOR VALUE FACE VALVE MARI(ET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26009 � Cash with Truetee 1.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 6,200,374:96 09/73/1997 Blythe County Court Admin Ctz pp� _ p INVESIMENT PORTFOLIO DETAILS - INVESTM6NTS rypp AUGUST 31, 199'/ ACCRUAL INVESTMENT � PORCHASE STATED --- Y'fH --- 67p1T77tITy DAYS NUFIDER ISSUER DATE B00% VALUE FACE VALUE MARICET VALOE RAT6 360 365 DATE TO MAT £&DSRAL AGBNCY ISSUES - COUPON 15008 R Federal Farm Ciedit 09/13/96 699,229.'/l 500,000.00 SU1,093.75 6.125 6.312 6.400 0"//09/98 311 FIOHLII'1 TRFASVRY PbOL � 11038 Fidelity Inetltutional Caeh '/4:00 94.00 99.00 5.410 5.336 5.410 1 13039 R Fidelity Inetitutional Caeh 36,2'/4.00 36,2'l9.00 36,2'I9.00 5.410 5.336 5.410 1 11041 I Fidelity Ivstitutional Caeh 309,232.00 109,232.00 109,232.00 5.410 5.336 5.410 1 11042 Fidelity Inetitutional Caeh 12.00 12.00 12.00 5.260 S.18B 5.260 1 11044 Fideli[y Inetitutional Caeh 35,000.00 35,000.00 35,000.00 5.910 5.336 5.410 1 13055 Fidelity InetituCional Cash 34.00 34.00 34.00 5.910 5.336 5.410 1 .." ' __"'__"_____ ____" '__'__ _____' SUBTOTALS and AVERAGES 180,626.00 180,626.00 180,626.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. S 679,855.71 681,719.75 680,626.00 6.053� 6.13'/t 229 , 09/23/1999 Blythe County Court Admin ttr PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH [tpp AUGVST 31, 199] ACCRUAL INVESTMENT PURCHASE STATED --' Y1M --- MATURITY DAYS NUFIDER ZSSOER DATE HOOK VALUE FAC& VALUE MARKET VALUE RA1'E 360 365 OATE 1C1 MAT CASH WITH 1RUSTEE -FIRST TRVST 2600� Caeh with Truetee 2.'/9 0.000 0.000 0.000 TOTAL CASH and SNVESTMENTS 5 6'/9,858.50 , 09/23/199� RDA Deeert Roee Bond Iseue pry� _ z ZNVES'1MENT PORTFOLIO DETAILS - INV6STMGNLS gpp AVGUST 31, 199] ACCRUAL INVES'1MENT PVRCHASE STATED --- Y1M --- MATII2ITY DAYS NUI�ER SSSUER DARE BOOR VALUE FACE VALUE MARRET VALUE RATE 360 365 DATE TO MAT ""'""_""'___"'_'_______'___"'_______'""____"'_'_________"'"""__"__'_'___'_"'"_"_'__'______""_"_'__'_____'_"___'____' TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.0008 O.00OS 0 09/23/199� RDA Deeer[ Rose Bond Ieeue pp� _ 3 INVESTMENT PORTFOLIO OETAILS - CASH RDA AUGUST 31, 1997 ACCRVAL INVE51'MENT PURCHASE STATED --- Y1M --- MATURITY DAYS NUDIDER ISSUER DATE HOOR VALUE FACE VALUE MAR[(ET VALUE RATE 360 365 DATE TO MAT CASH WITH TAUSTEE -FIRST TAVST 26001 Caeh with Truetee 0.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 0:00 � 09/23/199� � Redevelopment Agency - General pp� _ z INVESTMENT PORTFOLIO DETAILS - INVEST[�MfS ]Zpp AVGVST 31, 1999 ACCRUAL INveSTTtEeri' � aURCHASE � STATED --- YTM --- MATU[2ITY DAYS NIR�BER ISSUER DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CERTIFICAT6S OF DEPOSIT - BANR 20001 Union Bank of California 06/11/97 350,000.00 350,000.00 350,000.00 5.050 5.050 5.120 09/09/9'! e 20002 Union Bank of California 07/25/9'/ 100,605.00 100,605.00 100,605.00 4.950 a.950 5.019 09/09/9] 8 _'__'__'_'_"_" '_____'_'___'_ "_"_'_"____' ___"' '_____ ___"_ SVBTOTALS and AVEFiAGES 450,605.00 450,605.00 450,605.00 5.028 5.098 8 LOCAL AGENCY INVESTTIENT FONDS 21000 IqCal Agency Investment Fun 12,983,9'/8.45 12,983,978.95 12,983,978.95 5.6'19 5.601 5.6'/9 1 FED6RAL AGENCY ISSUES - COUPON 15019 FedeZal Home IAan Bank 02/13/97 1,000,000.00 1,000,000.00 999,687.50 6.040 6.040 6.124 08/13/9B 396 1REASURY SECURITIES - COUPON 1'/069 Unitee S[a[ee Treaeury OS/24/96 2,001,463.11 2,000,000.00 2,006,250.00 6.125 5.905 5.98'/ 03/31/90 211 190]2 Uni[ea States Tzea9uxy OS/29/96 999,935.79 1,000,000.00 1,000,372.50 5.750 5.799 5.828 09/30/97 29 1]0"!'1 Unites Statee Treasury OS/30/96 996,151.80 1,000,000.00 99'/,500.00 5.000 5.900 5.982 O1/31/98 152 1'/OB3 Unitee S[ates Treaeury 03/21/9'l 1,96],156.0'/ 2,000,000.00 1,9'I5,000.00 5.000 6.124 6.209 02/15/99 532 '_' "____""'_'_ ___'_____'"""' __"_" ______ _'"_'_ SUBTOTALS and AVERAGES 5,964,]06.'!'/ 5,9'/9,062.50 6,000,000.00 5.950 6.033 2'1'1 _'__'__'__"""_'_"__""_"__"_"___"_"_______'""_"_"_'_"_"'______"'___'_____ TOTAL INVESTMENTS and AVG. $ 20,399,290.22 20,413,333.45 20,434,583.45 5.'/12& 5.'/91k 99 . 09/23/199� Redevelopment Agency - General pp� _ 3 INVESTTf6NT PORTFOLIO DETAILS - CASH gpp AUGUST 31, 1999 ACCRUAL ZNVfiSTMENT PURCHASE STAT6D --- Y1M --- MA147RI1'y DAYS NUDIDER ISSOER ➢ATE BO07( VALUE FACE VALUE MARI(ET VALVE RATE 360 365 DATE 1D MAT CASH WITH TRUST6E -FIRST TRUST 26006 � Caah wi[h Truetee 0.01 0.000 0.000 0.000 1'OTAL CASH and INVESTMENTS 5 20,399,290�.23 09/23/199� Self Help Checking � _ 3 INVSSTMENT PORTEOLIO ➢ETAILS - CASH Rpp AUGUST 31, 1997 ACCRUAL INVESTMENT � PURCHASE STATE➢ '"' y'}�q -"- �p'yq77tI17 DAYS NUhIDER ISSVER DATE HOOR VALUE FACE VALIIE MAR%ET VALUE RATE 360 365 DATE 1Y) MAT PASSH00%/CF�CRING 25002 B of A - &elf Help Checking 93,563.30 0.000 0.000 0.000 � TOTAL CASH and INVESTMENTS ' $ 43,563:10 P D Redevelopment Agency ' Portfolio Composition t 1 1 9 7 Portfolio Compasitlon ype July 31,1997 August 31, 1997 Change Fidelity Treasury Pool $35,054,708.00 $34,944,653.00 ($110,055.00 LAIF - $12,983,978.45 $12,983,978.45 50.00 Commercial Paper E0.00 50.00 $0.00 FederelAgencyCoupons 511,114,692.34 511,114,597.29 (395.05 � Federal Agency Discount $0.00 50.00 50.00 reasury Coupons 518,296,358.51 $18,298,823.22 $2,464.7t Certificate of Depasit $450,605.00 - $450,605.00 $0.00 reasury Bllls $0.00 $0.00 $0.00 SNate 8 Local Govt Series $66,429,662.00 $66,429,662.00 $0.00 State&Local Govt Series-Coupon $9,549,471.00 $9,549,471.00 $0.00 Book Value $153,879,475.30 $153,771,789.96 ($107,685.34 Gain(Loss") $26,061.34 $14,707.62 (511,353.72 Market Value 5153,905,536.64 $153,786,497.58 ($119,039.06 . 09/2sj199'/ City of Palm Deaert PM - 1 PORTFOLIO MAuT6R SUDIIIARY CITY AUGUST 31, 199� ACCRUAL AVERAGE ---YIELD TO MATURII'1--- PEACENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VAL[lE POATFOLIO TERM MhTUAITY EQUIVALENT EQVIVALENT ' Pidelity Tieaetuy Pool.......................$ 6,310,665.00 6.90 1 1 5.329 5.403 Loeal Agency Inveetment Funde................b 13,446,010.46 14.'/0 1 1 5.601 5.6'79 Paeabook/Checking Accounte...................$ 6,313,562.55 6'.90 1 1 9.56'] 4.630 Federal Agency Iesuee - Coupon...............$ 22,507,864.5'! 24.61 1,043 813 6.190 6.276 Treasury Securitiee - Coupon.......... .. ... ..$ 23,891,062.55 26.12 "!82 3'!3 6.006 6.089 CiGy Loan to RDA. ............ ... . . .. ........ .$ 19,000,000.00 20.'1'1 2,192 1,399 5.462 5.538 _______________________________________________________________________"_"__"_ TOTAL INVESTMENTS a�d AVERAGES.............5 91,469,165.13 100.00k 916 588 5.933t 5.812k _:.:.....a:.:.'..:______________:�.. CASH Passbook/Checking - No Yield Totale..........$ 592,209.53 0.000 0.000 (not included in yield calculatione) Accrued Intezeet at Purchaee.................$ 547.54 "_____________________"____"_"________'"______""__'___"_____________________ TOTAL CASH and PVRCHASE INTEREST.............$ 592,75].0'/ TOTAL CASFi and INVSSTMENTS.................$ 92,061,922.20 �azasmae�a�a�ma�ea�e�eva�esaa__'____��e___________s«�s�z��_az�aa�nn�e_�_m��e � MONTH ENDING FZSCAL TOTAL EARNSNGS AUGUST 31 YEAR TO DATE Cusrent Year $ 463,202.03 $ 926,901.62 AVERAGE DAILY BALANCE $ 96,943,434.86 $ 96,065,483.92 EFFECTIVE RATE OF RE2'URN 5.64t 5.68k � The inveetment portfolio of the City of Palm Deeezt complies with ite Inveetment Paul S. Gibson Policy and the California Government Code sectione pertaining Co the investmen[ Treasurer of local agency funds. Pending any future actions by [he City Council or any unforeaeen cataatrophy the City has an adequate caeh flow to meet ita enpenditure requiremente for Che next six monthe. The month-end marke[ valuee DATE were obtained from Fiiat True[ and IDC Datafeed pricing eervice. � 09/23/199� City of Palm Deeert p�.� - Z I�'VESIMENT PORTFOLIO DETAILS - INVESTMfiNfS CITY AVGVST 31, 1999 ACCRUAL INVESTMENT � AVERAGE PpRCF]p$� STATED --- YTM --- MATURII7 DAYS NUI�ER ISSVER HALANCE DATE BOOR VALUE FACE VALUE MARI(ET VALUE RATE 360 � 365 DATE TO MAT FIO8LI2Y TAEASVRY FOOL 12009 Fidelity Inetitutional Caah '/5,885.00 '/1,885.00 '/1,885.00 5.220 5.148 5.220 1 12005 Fid¢lity Inetitutional Caeh 80,000.00 80,000.00 80,000.00 5.410 5.336 5.410 1 12006 R Fidelity Institutional Cash 208,160.00 208,160.00 208,160.00 5.410 5.336 5.410 1 � 1200'/ Fidelity ZnetitutiOndl Cdeh 87,SSO.OD 89,550.00 87,550.00 5.410 5.336 5.410 1 12009 I Fidelity Ina[i[utional Caeh 35,149.00 35,149.00 35,149.00 5.910 5.336 5.410 1 12010 R Fidelity Inetitutional Caeh 1]],6'/6.00 1'I'I,6'16.00 1"!'],6']6.00 5.410 5.336 5.410 1 12o11 Fidelity Inatitutional Caeh o.00 0.00 0.00 5.140 5.0'!0 5.140 1 12012 I Fidelity Ina[itutional Caeh 401,499.00 901,499.00 401,499.00 5.410 5.336 5.410 1 12013 R Fidelity Institutional Caah 125,382.00 125,382.00 125,382.00 5.410 5.336 5.410 1 12015 Fidelity In9titutional Caeh 352.00 352.00 352.00 5.410 5.336 5.410 1 12016 I FideliCy IneCiCutional Caeh SSB,a14.00 51B,41n.00 518,414.00 S.n10 5.335 5.n10 1 12018 R Fidelity InetiCutional Caeh 645,388.00 645,3BB.00 645,388.00 5.410 5.336 5.410 1 12019 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.410 5.336 5.410 1 32020 I Fideli[y Ineti[uGional Caeh '/,202.00 '/,202.00 '/,202.00 5.410 5.336 5.410 1 12021 Fidelity Inetitutional Caeh 699,854.00 699,859.00 699,859.00 5.410 5.336 5.410 1 12022 R Fidelity Ins[itutional Caah 522,281.00 522,281.00 522,281.00 5.410 5.336 5.430 1 12023 Fidelity Inetitutional Caeh 0.00 0.0� 0.00 5.360 5.287 5.360 1 12024 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.230 5.139 5.230 1 12025 R Fidelity Ine[itutional Caeh 91'/,500.00 41"1,500.00 41'/,500.00 5.430 5.336 5.430 1 12027 R Fidelity Ineti[utional Cash 51,500.00 51,500.00 51,500.00 5.410 5.336 5.430 1 12028 R Fidelity Institu[ional Caeh 159,'/08.00 159,]08.00 159,"lOB.00 5.360 5.28'! 5.360 1 12031 Fidelity Inetitutional Caeh 5,'!'10.00 5�'1'I0.00 5,'!')0.00 5.410 5.336 5.410 1 12032 FideliCy InstiCUCional Cash 51,'l22.00 51,722.00 51,"/22.00 5.360 5.28'] 5.360 1 12033 Fideli[y Inetitutional Caeh 120,201.00 120,201.00 120,201.00 5.910 5.336 5.410 1 12034 Fideli[y Inetitu[ional Caeh 109,6'!'/.00 104,677.00 104,6'/'/.00 5.220 5.148 5.220 1 12035 Fidelity Inetitutional Cash 499,4'/5.00 999,475.00 499,4'/5.00 5.410 5.336 5.410 1 12036 Fideli[y Inati[u[ional Cash 147,0'17.00 14'/,07'/.00 14'!.0'/'/.00 5.410 5.336 5.410 1 1203'l Fidelity Inatitutional Caeh 93,3a6.00 93,346.00 93,3a6.00 5.410 5.336 S.a10 1 12039 Fidelity In9titutional Caeh 0.00 0.00 0.00 5.220 5.148 5.220 1 12092 I Fidelity Institutional Caeh 54'1,068.00 59'/,068.00 54�,068.00 5.410 5.336 5.410 1 12043 Fidelity Inetitutional Caeh 83,156.00 83,156.00 83,156.00 5.410 5.336 5.410 1 12043 R Fidelity Inetitutional Caeh 198,621.00 19B,621.00 198,621.00 5.410 5.336 5.410 � 1 12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.0'!9 5.150 1 12045 Fidelity In9[itUtional Cash 189.00 189.00 189.00 5.410 5.336 5.910 1 12046 Fidelity Inetitutional Caeh 31,841.00 31,841.00 31,841.00 5.410 5.336 5.410 1 12049 Fidelity Institu[ional Caeh 218,022.00 218,022.00 216,022.00 5.910 5.336 5.410 1 __'____'______'__ "_'"_"'"_"__ ______"_'"'_"_ ""'_'_'_'_____ _____' _"___' "'_'_ SUBTOTALS and AVERAGES 4,994,001.42 6,310,665.00 6,310,665.00 6,330,665.00 5.329 5.403 1 LOCAL AGENCY INVESTMENT FVNDS 12000 Local Agevcy Investment Fun 13,996,010.46 13,446,010.46 13,496,030.46 5.6'/9 5.601 5.6'/9 1 AVERAGES 14,18],945.94 , 09/23/199� Ciey of Palm Deeer[ pM - 7 INVESTMENT PORTFOLIO DfiTAILS - INVESTMENTS CITY AUGUST 31, 1997 ACCRUAL INVESTM&NT AVERAGE PURCHASE STATED --- Y1T1 --- MATURITY DAYS NOMBER ISSUER HALANCE OATE BOOK VALUE FACE VALU£ MARI(ET VALVE RATE 360 3fi5 DAT£ TO MAT ___'_'_"_______'____'___'_____________'_'_"""""_'_"_"'_"'____"'_"""_'_"'___'___""""___"'___'_________'_'_"""_ PASSHOOR/CE�CKING ACCOIINTS 13007 Main Account (Sweep) - llBC 6,313,562.55 6,313,562.55 6,313,562.55 4.630 4.56'/ 9.630 1 AVERAGES 4,331,038.38 COMdERCIAL PAPER - DISCOUNT - AVERAGES . 4,134,]33.89 FEDERAL AGENCY ISSVES - COUPON 14016 Federal Farm Credit Bank OB/04/9'/ 3,000,000.00 3,000,000.00 2,984,062.50 6.000 6.000 6.083 OB/04/00 1,068 14005 I Fedeial Abme Loan Sank 12/12/95 1,01'/,086.02 1,000,000.00 1,001,875.00 6.285 5.608 5.686 07/28/00 1,061 1<00'/ Federal Home Loan Hank 10/24/96 3,991,325.55 4,000,000.00 3,993,'/50.00 S.B20 6.019 6.102 11/0�/98 42'! 14011 Fedeial Home Loan $ank 03/26/9] 1,800,000.00 1,900,000.00 1,80�,8'I5.00 6.310 6.310 6.398 03/26/99 591 14014 Federal Home i.oan Hank 06/30/9� 2,000,000.00 2,000,000.00 1,99'),500.00 6.250 6.250 6.33'I 12/30/98 4B5 14015 FedeYal Home SAan Bank 06/18/9'/ 3,000,000.�0 3,000,000.00 3,003,'/50.00 6.315 6.315 6.403 12/18/98 473 14009 FED HOME IAAN MORTGAG& CORP O1/09/9'/ 1,994,555.56 2,000,000.00 1,996,250.00 6.855 6.930 '/.026 O1/09/02 1,591 19017 FED HOME LOAN MOATGAGE CORP OB/12/97 1,999,260.42 2,000,000.00 1,993,750.00 6.840 6.851 6.996 OB/12/02 1,806 19001 I Federal National Mortgage A 12/12/95 1,000,332.29 1,000,000.00 1,000,000.00 5.650 5.386 5.461 10/20/9'/ 49 19002 I Federal National Mortgage A 12/12/95 1,047,869.87 1,000,000.00 1,041,250.00 8.450 5.877 5.958 07/12/99 679 14004 I Federal National Mortgage A 12/12/95 1,0"/8,350.95 1,000,000.00 1,068,437.50 9.050 5.620 5.699 09/10/00 952 14012 Federal National Mortgage A 03/27,/9'1 5"19,089.41 580,000.00 581,087.50 6.240 6.350 6.438 03/19/99 56A """_"__"" _""' "____ _'___' SUBTOTALS and AVERAGES 21,897,609.92 22,507,864.57 22,469,587.50 _ 22,380,000.00 6.190 6.2'/6 813 TREASURY SECURITIES - COUPON 16006 R Uni[ed Statea Treasury 12/12/95 a86,3'10.96 484,000.00 aB4,302.50 5.8'l5 5.241 5.314 OB/15/98 34B 1600'l I Vni[ed S[atea Treasury 12/12/95 1,020,1B3.�1 1,000,000.00 1,000,43'l.50 6.3'l5 5.338 5.913 O1/15/00 866 � 1600B R United SCates Tieaeuxy 12/12/95 465,613.40 445,000.00 461,409.38 8.000 5.2'l9 5.352 OB/15/99 '/13 16009 I United Statee TYeaBury 12/12/95 1,014,860.42 1,000,000.00 1,013,437.50 '1.8'IS 5.212 5.284 04/15/98 226 16010 I United Statea Treaeuxy 12/12/95 1,018,223.'/5 1,000,000.00 1,013,75�.00 '/.125 5.2'/2 5.345 10/15/98 409 16034 United Statee Treaeury OS/31/96 1,999,306.96 2,000,000.00 2,003,950.00 6.000 5.96'l 6.050 OS/31/98 292 16035 Uni[ed S[a[ee Tieasuiy OS/31/96 1,989,158.26 2,000,000.00 1,995,000.00 5.125 6.041 6.125 03/31/98 211 16036 United States Tzeaeury 06/26/96 2,987,661.06 3,000,000.00 3,001,8'/5.00 5.8'/5 6.252 6.338 OB/15/98 398 1603'/ United States Tzeaeury 06/26/96 2,956,35'/.90 3,000,000.00 2,992,812.50 5.125 6.314 6.402 11/30/98 455 16038 United Statee TreaeuYy 06/26/96 1,996,443.9] 2,000,000.00 1,999,375.00 5.375 6.052 6.136 11/30/90 90 16042 UniCed Statea Treasury 09/13/96 1,990,396.34 2,000,000.00 1,995,625.00 5.125 6.068 fi.152 02/28/98 180 16095 United Statea Treaeury 09/OS/96 1,995,685.34 2,000,000.00 2,006,250.00 6.125 6.270 6.358 08/31/98 364 1609'/ United SCatea Treaeury OS/O1/9"/ 2,003,636.83 2,000,000.00 2,013,750.00 6.3'15 6.101 6.250 04/30/99 606 16048 United State9 Tieaeuly 03/21/9] 1,96'l,156.0] 2,000,000.00 1,975,000.00 5.000 6.124 6.209 02/15/99 537 ____'____________ ____________" '_'_""'_"'__ _""""'"'""""' _"___ '_____ ______ SUBTOTALS and AVERAGES 26,105,559.i8 23,891,o62.S5 23,944,'1'14.38 , 23,929,000.00 6.006 6.089 373 . .._ . .. . . . ... ... . ..... . . .. . . . . .. ... . ._ __. . .. _ . ..._ . . . . . _. ..... . ... 09/23/199� City of Palm Deeert pM - 4 INVESTMENT PORTFOLIO D6TAILS - INVESITIE'NTS CI1'Y AUGUST 31, 199'/ ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MP.TURITY DAYS NUDffiER ISSVER HALANCE DAT6 B007C VALUE FACS VALUE MMICET VALUE RATE 360 365 DATE TO MAT CI1'1 LOAN TO RDA 12001 Redevelopmen[ Agency-Loan 0'//O1/95 19,000,0�0.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 0'//O1/O1 1,399 AVERAGES 19,000,000.00 �TOTAL INVESTMENTS and AVG. $ 91,469,165.13 91,484,599.89 94,650,BB3.72 91,3'/9,238.01 5.'/334 5.812& 588 09/23/199� City of Palm Deaert PM - 5 INVESIMENT PORTFOLIO D5TAILS - CASH CITY � AUGUST 31, 1997 ACCRUAL INVE5IMENT AVERAGE PURCHASE STA1'ED --- y'�'M --- Mp'll]R11'y ppyS NUDIDER ISSUER BALANCE DATE B00% VALVE FACE VALUE MARXET VALUE RATE 360 365 DATS TO MhT PASSBOOK/Cf�CKING ACCOUN'fS 13009 De9ert Willow Checking - HofA 78,006.30 0.000 0.000 0.000 13010 Deeeit Willow &avinge - BofA 4;5,608.62 0.000 0.000 0.000 13000 City Main Accou[lt - HofA 19,593.99 0.000 0.000 0.000 13003 Office Complex Checking - BofA 9,113t51 � 0.000 0.000 0.000 13009 Office Complex Truet - HofA - 18.19 0.000 0.000 0.000 13002 Bank of America - Savinge 0.00 � 2.000 1.9'13 2.000 13005 Library Fou[�dation - UBC 10,000.00 0.000 0.000 0.000 13006 City Main Account - UBC -3,681.32 0.000 O.00U 0.000 13008 Office Complex Checking - UBC 50,538.69 0.000 0.000 0.000 '_____________ '____'________ __"__ '____" SUBTOTALS and AVERAGES 2,092,551.16 592,209.53 0.000 0.000 Acczued Interest at Purchaee 547.59 TOTAL CASH $ 592,'/S'/.0'/ TOTAL CASH and INVESTMENTS 5 96,"I43,434.86 92,061,922.20 ____ . __. . ._.. . . .. . . . . . _.._. ... . . _. ._. _ . .. . .. . .. . .. .. . ... ... . . . 09/23/1990 - City of Palm Deeer[ PM - 6 PORTFOLIO MASTER ZNVESTMENT ACfIVITY BY TYPS CITY AUGUST 1, 1997 - AOGUST 31, 199'7 ACCROAL � STATED TRANSACTION PURCHA$ES SAL65/MATURITIES TYPE INVESIMENT N ISSUEA RATE DATE OR DEPOSITS OR WITF�RAWALS BALANCE FIDELITY TR&ASllRY POOL (Monthly Su�mnary) 12004 Fideli[y Inetitutional Caeh 5.220 'l1,885.00 12005 Fidelity Inetitutional Cash 5.410 '/9,948.00 12006 R Fidelity Inetitutional Caeh 5.410 - 1,028.00 34,692.00 � 1200"/ Fideli[y InatitutiOnal Cash 5.410 228,022.00 151,832.00 12009 I FideliCy Institu[ional Caeh 5.410 153.00 12010 R Fidelity Insti[utional Caeh 5.410 46,'/93.00 12011 Fidelity Ine[itutional Caeh 5.140 12012 I Fidelity Inetitutional Caeh 5.410 1,700.Oo 12013 R Fideli[y InetitLLtiOndl Cd9h 5.410 555.00 5,'l23.00 12015 Fidelity Ine[i[utional Caeh 5.410 2.00 12016 I Fidelity Ins[itutional Caeh 5.410 2,350.00 12018 R Fidelity Ineti[utional Caeh 5.410 3,099.00 74,869.00 12019 Fidelity Znetitutional Caeh 5.430 600,546.00 624,965.00 12020 I Fidelity Ineti[utional Caeh 5.410 30.00 12021 � Fidelity Inatitutional Cash 5.430 699,835.00 12022 R Fidelity Inatitutional Cash 5.910 55'1.00 12023 Fidelity InBtiCUCional Caeh 5.360 12024 FidEli[y Inetitutional Cash 5.210 4.00 12025 R Fidelity Institutio�al Cash 5.410 1,9']4.00 48,838.00 1202] R FideliCy InStitutional Caeh 5.410 2']5.00 11,5'/5.00 12028 R Fidelity Ina[i[u[ional Cash 5.360 12031 Fidelity In9[itutional Caeh 5.410 5,'/24.00 12032 Fidelity Ineti[utional Cash 5.360 1'/1,924.00 120,202.00 12033 Fidelity Ivatitutional Caeh 5.910 120,201.00 12039 Fidelity Inetitutional Cash 5.220 104,669.00 12035 Fidelity Ina[itutional Caeh S.a10 499,364.00 12036 Fidelity Ine[i[u[SOnal Caeh S.S10 197,03'/.00 12039 Fidelity inatitutional Caeh 5.410 93,317.00 � 12039 Fidelity Inetitutional Cash 5.220 12042 I Fidelity Institutional Cash 5.930 9,900.00 , 12043 Fideli[y InstiCutional Cash 5.910 352.00 12093 R Fidelity Institutional Cash 5.410 32,923.00 12099 Fidelity Institutional Caeh 5.150 12095 Fidelity Inetitutional Cash 5.910 1.00 12046 Fidelity Institutional Caah 5.410 135.00 12049 Fideli[y Zne[iCu[ional Caeh 5.410 145,515.00 SUBTOTALS and ENDING HALANCE 3,069,044.00 1,0'/2,]00.00 6,310,665.00 ...... . . .. . . . . . . ... . . . . . ... . . . . .._ .. . . .._. ..__ . . .. . .__ . . ._ ._.. .. .. . . . .... _ . . , 09/23/199� CS[y of Palm Oeeert pM - ] PONTFOLIO MAST6R INVESTMGNT ACTSVITY BY TYpE CITY AUGUST 1, 1999 - AUGUST 31, 199] ACCRVAL STATED T[EANSACTION P(/RCHASES SALES/MATURITIES TYPE INVESTMENT H ISSUER . RATE DATE OR DEPOSITS OR WITMIRAWALS BALANCE 7qCAL AGENCY INVESTMENT PUNDS (MORthly Sumnary) 12000 LOCal Agency Inveetment Fund 5.679 2,000,000.00 5,000,000.00 13,446,010.46 PASSHOOR/CHECRING ACCOUNTS , (MonGhly Summary) 13009 Deeert Willow Checking - BofA 0.000 469,2'12.93 13010 Deeer[ Willow Savinge - BofA 0.000 - 13000 City Main Accom[ - BofA 0.000 11,322.55 13003 Office Complex Checking - BofA 0.000 6.31 13009 Office Complex Truet - BofA 0.000 13002 Hank of America - Savin9e 2.000 � 13005 Library Founddtion - UBC 0.000 13006 City Main ACCount - UBC 0.000 1,�97,823.20 13008 Offi<e Complex Checking - VBC 0.000 918.65 1300] Main ACCount (Sweep) - UBC 9.630 2,206,562.30 SUBTOTALS and ENDING BAI.ANCE 2,21B,309.81 1,562,096.13 6,313,562.55 CASH WITN TRUSTEE -FIRST TRUST (Monthly Summary) 24001 Caeh with Truetee 0.000 1.10 24002 Cash with Txvstee 0.000 0.12 24003 Caeh wi[h Trvetee 0.000 0.06 29009 Caeh with Trus[ee 0.000 0.23 29005 Cash with Tzuatee 0.000 1.19 24006 Casri with Trustee 0.000 0.1'/ 2400"! Ca9h wiCh TLLLBCee 0.000 0.03 24008 Caeh with TYus[ee 0.000 0.37 24009 Caeh with Trua[ee 0.001 1.15 24010 Cash with Trvatee 0.000 0.16 SUBTOTALS and ENDING BALANCE 0.45 4.83 0.00 COtM1ERCIAL PAPER - DISCOUNT � 20006 MOS9an Stanley 5.610 OB/27/1997 4,979,8]5.00 0.00 FEDERAL AGENCY ISSUES - C1�UPON 14010 Federal Faxm Credit Hank 6.510 OB/07/1997 2,001,588.98 1a016 Federal Farm CzediC Bank 6.000 OB/04/199'l 3,000,000.00 1401'/ FEO HOME LOAN MORTGAGE CORP 6.890 OB/12�199'] 1,999,062.50 SUBTOTALS and ENDING BAI.ANCE 4,999,062.50 2,001,588.98 22,509,864.5� ... . .... .... .. .. . . .. �. . . . . . .. . . . .. . _.. . . .. _. . . . . . _.. . , 09/23/1997 City of Palm Deeelt pp� - g PORTFOLIO MAST6R INVESTMENT ACfIVITY BY TYP% �ITy AUGUST 1, 1997 - AVGUST 31, 199] ACCRUAL � STATED TRANSACl'ION Pl7RCHI�58S SALES/Mf1TURITIES TYPE INVESTMENT # ISSUER RA1'E DATE OA DEPOSITS OR WITfmRAWALS BALANCE TREASURY SSCUAITI6S - COVPON 16005 United Sta[ee Treaeuzy 6.000 OB/31/199'! 291,000.00 16039 United Statea Treaeury 6.000 09/02/1997 2,000,000.00 SUBTOTALS and ENOING HALANCE 0.00 2,291,000.00 �3,891,062.55 CITY IAAN TO RDA 19,000,000.00 '___'___'___"""_"'_"'__'_______"_'___"'_'_____"____"'_______'__" T�T�S 12,281,416.'/6 1fi,B57,269.94 91,469,165.13 .....::�n...:..........�a�.:.......m.aaas:.�s:a.....em�=�:.�.:.........: . .. ... . . . .. . . . . .. ..... . . ._._.. .. _. . . 09/23/1997 . PM - 9 City of Palm Desert �ITy INVES1MIIdT ACTIVITY SUI�4AARY ACCRUAL AUGUST 1996 [hrough AUC,USR 1997 � YiELD TO MA'�'�Iq'y �7pGED NUFIDER OF NUPIDER OF AVERAGE MONTH NUDIDER OF TOTAL 360 365 POOL SECURITI65 SEC[/RITIES AVERAG& DAYS TO 6N0 YEAR SECUAITIES INVS6TBD EQUIV _ EQUIV RATE P[7RCf7A,qqp MA1'f7RgD/SOLD TERM MATURI77 Auguet 96 81 81,992,100.25 5.647 5.'/25 5.115 0 9 8]1 65'1 September 96 . 04 80,911,229.19 5 JOB 5.989 5.121 S 3 91'/ 684 October 96 B4 99,561,9'/0.04 5.690 5.]69 5 150 2 2 928 908 November 96 81 'le,'/01,281.'/6 5.'/20 5."!99 5.150 1 5 959 '/26 DeCember 96 78 'l'/,'/2B,65B.14 5.712 5.'/91 5.259 0 3 950 693 Januaxy 97 78 80,691,391.16 5.798 5.827 S.a60 2 2 96a v01 February 97 7B 80,691,265.62 5.798 5.82'] 5.260 0 0 969 700 March 97 78 81,627,550.19 5.735 5.815 5.210 3 2 950 676 April 97 77 78,911,373.34 S.B19 5.895 6.485 0 1 973 673 May 9'1 '18 89,880,98v.05 5.'199 5.823 5.310 3 2 922 621 June 9'/ 85 90,8'11,191.91 5.'l98 5.8'le 5.360 2 0 896 593 July 9'1 e6 94,493,656.85 5.'l3B 5.818 5.360 0 1 852 539 � Augus[ 9"/ 84 91,469,165.13 5.'/33 5.813 5.403 2 4 916 588 AVERAGES 81 $ 83,256,293.89 5.'J356 5.813t 5.342$ 2 2 928 658 09/23/199] PM - 10 City of Palm Deeert CITY DISTRIHUTION OF INVESTMENTS ITY 1'YPE ACCRUAL AUGUST 1996 through AUGUST 1997 MON1'H '--'---"'-"" TyP£S OF INVES'1MENT5 "' '"' -- END Y6AR Bm SCD LA1 LA2 LAS PA1 PA2 MTN BAC CPI COM FAC PAD TRC 1RD hIDl MC1 Auguet 96 7.9 0.0 20.5 6.4 9.'/ 31.6 0.3 0.5 23.2 � Septembei 96 4.9 0.0 19.8 ' 6.5 4.2 40.8 0.3 ' 23.5 OC[obez 96 3.4 0.0 20.2 3.1 11.5 3.2 36.3 0.3 23.9 November 96 5.2 0.0 16.6 3.1 14.2 0.5 36.2 24.1 December 96 'l.0 15.6 3.2 14.4 35.5 24.9 ,lanuary 9'/ '/.5 19.1 15.'/ 34.2 23.6 February 9'/ '/.5 19.1 15.7 34.2 23.6 March 9'1 6.5 19.4 10.'I 32.1 23.3 Apzil 9] 5.9 20.3 19.1 30.6 29.1 May 9'/ 5.5 23.6 1].] 30.8 22.4 June 9'/ 5.0 1].8 5.4 22.0 2B.B 20.9 July 9'/ 4.6 1].4 4.4 5.2 20."/ 2'].'1 20.1 Augua[ 9'1 6.9 14.'/ 6.9 24.6 26.1 20.8 '_________________________________"'_'_'_________'"_____________________________________'_____________________________ AVERAG£S 6.Oi 0.0} 18.et 0.9i 1.St 15.9f 1.2• 32.7i O.lt O.Ok 22.9t BCD - Certificates of Deposit - Hank � SCD - Certtfitatea of Depoeit - S & L LA1 - Fidelity Treaeury Pool LA2 - Managed Pool Accoun[e LAS - Local Agency Inveetment Funde PA1 - Paeebook/Ctiecking Accoun[e PA2 - Caeh with Trustee -Firet Trust M1'N - Medium Term Notee BAC - Bankere Acceptancee CPI - Commercial Paper - Interest Bearing COM - Commezcial Papex - Diecount FAC - Federal Agency Iseuee - Coupon FAD - Fedeial AgenCy IB9ueB - DieCount TRC - Treaeury Securitiee - Coupon , � TRD - Treaeury Securi[ie9 - Diecount PID1 - Treasury Securi[ie9 - T-Bi119 MC1 - City Loan to RDA . . . .. ._.. . . .. . . . . . ._ .. .. . . .. .... . . . _. _ . .09/23/1997 . PM - 11 City of Pa1m�De9ert CITY INTEREST EARNINGS SUMAARY p��UpI, � AUGUST 31, 1997 � MONTH ENDING FISCAL � AUGUST 31, 1997 YEAR TO DATE N/Coupon/Diecount Inveetmwte: InteYee[ Co13eCted $ 358,195.23 S 550,'/65.65 PL[IS ACCrued Inteieet at end of Period 3,018,59�.61 3,018,599.61 LESS Accrued Intereat at Beginning of Period ( 3,021,399.'12) ( 2,863,962.4'/) Intereet Earned during Period $ 355,393.12 "l05,400.'/9 ADNSTED by Premiume and Diecoun[e 1,003.46 Lz 1 '/B2.B5 ADNSTED by Capi[al Gaine or LOeeee -1,588.98 -919.BB ________________'_ _""_______'___'_ Earnings during Period 354,807.60 $ 706,268.76 Mortgage Backed Securitiee: Interea[ Collected $ 0.00 $ 0.00 PLUS Accrued Intereet at End of Yeriod 0.00 0.00 LESS Accrued Interee[ at Beginning of Period ( 0.00) ( 0.00) _"____"""_"__ "_""'______'___ Intereat Earned during Period $ 0.00 0.00 ADJUSTED by Premiums and Diacounta �6ZEHE9II33i==��SOQ '_esss__=--=a'Os00 ADNSTED by Capital Gains oz Loeeee 0.00 0.00 ___________""__""_ _____________'"___ Earnings duiing Peiiod 0.00 $ 0.00 Caen/Checking Accounts: Intereat Collected $ 33,285.83 $ 302,199.60 PLUS Accrued Interest at End of Period 468,801.81 968,BO1.B1 LESS Accrued In[ereat aC Beginning of Period ( 393,693.21) ( 550,363.55) � '"_"""__"'__'_'__ '_______'_"__"__" ' Interest Earned during Period $ 108,394.43 $ 220,632.86 TOTAL Intereat Earned during Period $ 463,'/B'/.55 $ 926,033.65 TOTAL Ajuetmenta from Premiume and Diecounta S 1,003.46 $ 1,'/82.85 TOTAL Capi[al Gaine oz Loeeee - $ -1,588.90 $ -914.88 . _""__""_______"_"" _"_""_____________ TOTAL Earninge during Period $ 463,202.03 $ 926,901.62 �................. ........::a�:e.:.: .. __ ._ . .. . ._. ... . . . .. _ .. .___ _ .... ..._. . . . _ . _. . .__. . __. . . 09/23/199� A99e9emen[ DietriCt 834 Pp� - 2 INVE5ITIDNT PDRTFOLIO DETAILS - INVfiSTMENfS CITY AUGllST 31, 1997 ACCRVAL INVESTMENT � PURCHASE STATED --- YTM --- MATURITY DAYS NUPIDfiR ISSVEA DATE B001C VALVE FACE VALUE MpRI(ET VALUE RAT6 360 365 DATE TO MAT FIDELITY TFtHASURY POOL 12027 R Fidelity IRetituCiOnal Cdeh 51,500.00 51,500.00 51,500.00 5.410 5.336 5.910 1 12039 Fidelity Inatitutional Cash 1o4,6]'/.00 104,67�.00 104,6"l�.00 5.220 5.148 5.220 1 "___"___"""_ _'_'_"'""'_' ______________ '""'_ '___'_ _'_"_ SUBTOTALS and AVERAGES 156,1'/'/.0D 156,17'/.00 156,177.00 5.210 5.283 1 TOPAL INVESTMENTS and AVG. $ 156,199.00 156,177.00 156,1']'/.00 5.210} 5.283F 1 . . . _. .. .. ._. . .. . . . . . .. . . ...... ... . _. _ .. . . , 09/23/199� Asseesment Dietrict 83-1 PM - 3 INVESTM6Nf PORTFOLIO D£TAILS - CASH �ITy AUGUST 31, 199] ACCRUAL =NVESTMENT P��yp�E STATED --- Y1T7 --- MATURII7 DAYS N[RABER ISS[SEA DATE BOOK VALUE FAC& VALUE MARKET VALUE RATE 360 365 DATE TO MAT rneN WITH TRUSTEfi -FIRST TRUST 24002 � Caeh with Truetee 0.50 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 156,1'/'/.50 . _. . ... .. ... . . .. . ... . .. _ . _.. . _. _.... . 09/23/199] 1995 Refunding Bonde 84-1-R pM _ p INVESTMENT PORTFOLIO D&TAILS - INVESTMENTS �IZy AVGVST 31, 199'/ ACCRUAL INVE5IMENT ' PURCHASE STAT6D --- Y1M --- MATURITY DAYS NUDIDEA ZSSUER DATE BOOX VALUE FACE VALUE MAR7(g1' yp[,[JE 7LqTE 360 365 DATE TO MAT FIDELITY TREASVRY POOL 12025 R FidelSty Inatitu[ional Caeh 41'1,500.00 91'/,500.00 41�,500.00 5.930 5.336 5.410 1 12035 Fidelity Inetitutionel Caeh 499,4]5.00 999,4'/5.00 499,475.00 5.930 5.336 5.410 1 "'__________ _""_ ___"_ _""" S[IBTOTALS and AVERAGES ' 916,9'/5.00 916,9'/5.00 ' 916,9]5.00 5.336 5.430 1 _________________________________________"__'"_________"__'_____________________ TOTAL INVESTMENTS and AVG. $ 916,995.00 916,995.00 916,9]5.00 5.336Y 5.4308 1 . 09/23/199� 1995 Aefunding Bonde 84-1-R pp _ ; INVESTMENT PORTFOLIO D6TAIL5 - CASH CTTY AUGUST 31, 199'/ ACCRUAL INVE5IMENT PURCHASE STATED --- Y1T1 --- MATUAITY DAYS NUPIDER ISSUER DATE H00% VALVE FACE VALUE MARI(ET VALUE RA1'E 360 365 OATE TO MAT CASR WSTH TRUSTEE -FIRST TRUST 24001 Caeh with Truatee 0.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 916,9�5.00 . .. . .. ... ... .. .. . . . . . . .� .. .. ... .. _. _ .... . . .. . . . .. . . . _.. . _. .._. ... , 09/23/199� AIJ 8]-1 PP7 - 3 INVESTMENT PORTPOLIO DETAILS - INV&STMENTS CITY AUGUST 31, 1997 ACCRUAL INVESTMENT B1IRCNASE STATED --- Y1T1 --- MATURITY DAYS ?RRABER ISSUER DAT6 BOOR VALVE FAC6 VALUE MARICET VALUE RAT6 360 365 DATE TO MAT FID&LITY TREASURY POOL 12028 R Fidelity Inetitutional Caeh 159,708.00 159,708.00 159,'/08.00 5.360 5.28'/ 5.360 1 13036 Fidelity Indtitutional Caeh 14'/,077.00 14'l,077.00 147,077.00 5.410 5.336 5.410 1 '_"_______'___ _______'"_'"'_ "__""'_'_" ___'__ _"_'_ ' ______ SUB1C)TALS dnd AVERAGES 306,'l85.00 306,]85.00 � 306,'l85.00 5.310 5.384 1 _"""__'_____"_"'__"'_""'""_"___'_'______'_""""_____""__'_'____'_'____""__ TOTAL INVESTMENTS and AVG. $ 306,]85.00 306,"l85.00 306,'/85.00 5.3108 5.384& 1 ._. .... .. _ ... ._. . . . .. . . .. . . . . .. . _ . .. 09/23/199] � 80-1 Pt�1 - 3 INVESTMENT PORTFOLIO�DETAILS - CASA CITY AUGVST 31, 1999 ACCRUAL INVESTMENf PllRCHAS6 STATED --- YTM --- MATORII'Y DAYS NUMBER ISSUER DATE HOOK VALUE FACE VALUE MARI�T VALU6 RATE 360 365 DATE TO MAT CASH WITH TRU5T6E -FIRST TRUST 24009 Caeh vith Truetee 0.50 0.001 0.001 0.003 TOTAL CASA and INVESTMENTS S 306,'!85".50 ' .'_. .. .. ._. . . ... _.. . .. . .. . .. . . . . .... ._.. . . .. . . . . . . . .. _ . ... ... . . _ .. 09/23/199� � Indian Ridge 91-1 Seriee A pp� - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY AVGVST 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- Y1T1 --- MATURITY DAYS NOMBER ISSUER DATE B007C VALVE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT ___________'_________"_"'""_____'____________'_""_'_"'________"'_'"""_'_"___'_""_'_'____"_'_"'__'_____'_'_'_"__"'__ FIDELITY TREASVRY POOL 12015 Fidelity Inetitutional Caeh 352.00 352.00 352.00 5.410 5.336 5.410 1 12016 I Fidelity Inetitutional Caeh 518,414.00 518,414.00 518,414.00 5.410 5.336 5.410 1 12022 R Fidelity Institutional Caeh 522,291.00 522,281.00 522,281.00 5.410 5.336 5.910 . 1 _____'___"'_" '_'___'"_"_'__ _"__"'"'_"___ ___"' ______ ____" SUBTOTALS dnd AVERAGES 1,041,04'].00 1,041,04'/.00 1,091,04'/.00 5.336 5.410 1 FE➢ERAL AGENCY ISSUES - COUPON 14012 Fedetal Ndtional Mottgage A 03/21/9'! 579,084.41 580,000.00 581,08'I.50 6.240 6.350 6.438 03/19/99 564 TOTAL SNVESTMENTS and AVG. $ 1,620,131.91 1,622,134.50 1,621,047.00 5.698t 5.777} 202 ..........s�.��»ea��sa�em��a«<��».�.��a��sanma��.........��..�.a�s . ... ._. _.__ . .. .. . .. ... .. . . .__ ... . . . . . ._.. . .. . .. _ . .. .... . .._ _. ... . 09/23/199� Indian Ridge 91-1 Seriee A pM - 3 INVE5IM&NT PORTFOLIO DETAILS - CASH CITY AUGUST 31, 199'] ACCRVAL INVE5IMENT PURCHASE STATED --- Y1'M --- MATURITY DAYS NUMBER SSSVER DATE BOOK VALUE FACE VALVE MARK6T VALUE RATE 360 365 OATE TO MAT CASH wF't'11 TRUST66 -FIRST 1RVST 24009 - Caeh with Tiuetee 1.30 0.000 0.000 0.000 Accrued Intereet a[ Pu[chase 201.0'/ � , '1bTAL CASH $ 202.39 TOTAL CASH and INV6STMENTS $ 1,620,333.']e , . _.._. . .. . . __ .. .. . . . . . . . . . . . . ...... . 09/33/199� Indian Rld9e 91-1 Seriee H PM - 2 INVESTT�BNT PORTFOLIO D&TAILS - INV631MENT6 CITY AUGU9T 31, 1997 ACCRUAL I�gy�{�'p - PURCHAS6 STA7'SD --- YTPt --- MA741RIT7t DAYS Iil1MBER IS6VER DATE BOOR VALIJE PACE VALUE MARK6T VALU6 MTE 360 365 DAT6 TO MAT FIDBLITY TREASVRY POOL 120�3 I Pidelity InetitutioMl Ca�tl 597,068.00 597,068.00 5�7,068.00 5.430 5.336 5.410 1 120�3 Pidelity Inetitutional Caeh 83,156.00 83,156.00 83,156.00 5.410 5.336 5.410 1 12043 R F1Aelity ITetitutional Caeh 198,6Z1.00 198,621.00 198,621.00 5.410 5.336 5.410 1 - 12044 Fidelity Inetitutional Caeh 0:00 0.00 0.00 5.150 5.079 5.150 1 ___"'_"_"'"_ ""__________ ___________"'" ______ _'"_'_ ______ SVBTOTALS and AVERAdES 828,845.00 828,845.00 828,895.00 5.336 5.41a 1 F6DERAI. AGBNCY ISSUES - COUPON 14005 I Fedesal. Home Loan Benk 12/12/95 1,01'/,OB6.02 1,000,000.00 1,001,875.00 6.285 5.608 5.686 0'!/28/00 1,061 14011 Federal Home Loan 8ank 03/Z6/97 1,800,000.00 1,800,000.00 1,807,875.00 6.330 6.330 6.398 03/26/99 571 16001 I Federal National Mortgage A 12/12/95 1,000,332.39 1,000,000.00 1,000,000.00 5.650 5.386 5.961 30/20/97 99 14002 I Federal National Mo2Ygage A 12/12/95 1,047,869.87 1,000,000.00 1,041,]50.00 8.450 5.877 5.958 07/1]/99 679 19004 I Federal National MOltgage A 12/13/95 1,078,350.45 I,000�000.00 1,06B,93'7.50 9.050 5.620 5.699 04/10/00 952 __'_'_'""""' ""'""""" ""'""""" _"_"' """ '_'___ SUBTOTALS azld AVERAGES 5,943,638.fi3 5,919,437.50 5�800,000.00 5.033 5.919 655 TREASURY SECURITIES - COUPON 16006 A United Statee TYeaeury' 12/12/95 48fi,370.46 484,000.00 484,302.50 S.B'/5 5.241 5.319 08/15/98 348 16007 I United Statee Treaeuty 12/11/95 1�030�183.'ll 1,000,000.00 1,008,437.50 6.375 5.338 5.413 O1/15/00 866 16008 R United States Treaeury la/12/95 465,613.48 445,000.00 461,409.38 8.000 5.2'/9 5.352 UB/15/99 '!13 16009 I United S[atee Tieaeury 12/12/95 1,019,868.47 1,000,000.00 1,013,437.50 'l.8'75 5.212 5.284 04/15/98 226 16010 I United SCatee Treaeury 12/12/95 1,O1B,223.]5 1,OOO,U00.00 1,013,'/50.00 'l.IZS 5.272 5.345 30/15/98 909 SUBTbTALS and AV02A6ES 9,005,259.82 3�981,336.86 3,929,000.00 5.291 5.344 50'/ '"__'__"'""""""""_""__"""""""""""'_"""'_"_"'""""_"____"_ TOTAL INVESTMENTS and AVG. $ 10,'1'1'l,'J43.45 10,729,619.38 lU,$59,845.00 5.586f 5.6634 � 550 e��e��.......'..'�"�'�'.��.a...'�.........'��.'��..`�.....'.�'�.'�'��`... 09/23/1997 Indian Ridge 91-1 Seriee B PP1 - 3 INVESTMSNT PORTFOLIO OETAILS - CASH CITY AUGUST 31, 1997 ACCRUAL INVESTMENT PARCHASE STATED --- YTM --- MATURITY DAYS MmiBfiR ISSU6R DATE BOOK VALUE FACE VALUE MARKET VALIIE RATE 360 365 DAT& TO MAT CA9H WITH TRU57'F� -FIRST 1RUST 24030 Cash with Truetee 1.99 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS S 10,]'/'/,'/45:39 _.. __. .._.. ...... . .. .. .. _. ._ . ._ .. . . . . . � _. . . _... .. . . . . . . . . .. . . , 09/23/199� Sierra Nova 92-1 PM - 2 INVESTMEN'T PORTFOLIO D6TAILS - INVESTMENTS CIRY AUGUST 31, 1997 ACCRUAL INV6S1MEMf PURCNASE STATED --- Y1M --- MATURITY DAYS NUI�IDER ISSUER DATE BOOX VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MhT PIDBLITY TREASURY POOL 12004 Fidelity Inetitutional Caeh 71,885.00 '/1,885.00 '11,885.00 5.220 5.148 5.220 1 12005 Fidelity Inetitutional Caeh 80�000.00 80,000.00 80,000.00 5.410 5.336 5.410 1 12006 R Fidelity Inetitu[io�l Caeh 208,160.00 200,160.00 208,160.00 5.410 5.336 5.410 � 1 1200'! Fidelity Inetitutional Caeh B'/,550.00 8'l,550.00 8'I,550.00 5.410 5.336 5.410 1 ' 12045 Fideli[y Inetitutional Caeh 1B9.0o 189.00 189.00 5.430 5.336 5.410 1 _______'_'_'_' _"'_____'____ '___'_""_"__" _"___ "__'__ ___"' SUBTOTALS and AVERAGES 44'],']84.00 44'/,"l84.00 44'/,'/84.00 5.306 5.3'/9 1 '1C)TAL INVfiSTMENTS and AVG. $ 44],089.00 999,984.00 44],]84.00 5.306& 5.3'/9E 1 ......msee�vame..�...�...............as��m�nseevae��.�.....��.....e..nam�e�aa« .. ..__. ....... . . . . . . . .. . . . .. . .... .. ... . . . . . . . .. .... .. . . . 09/23/199� Sierra Nova 92-1 PM - 3 INVESTMENT PORTFOLIO DeTAILS - CASH CITY AUGUST 31, 199'/ ACCRUAL INVESTTIENT PURCHASE STATED --- Y1T1 --- MATURITY �AYS MIM6&R ISSUER DATE HOOR VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -PIRST TRUST 24008 Caeh with Truetee O.SB 0.000 0.000 0.000 '__________"'_"_'_'"""""'"_"'""""_""""_""'"""""'_'______'_'"""""____'_____'_ TOTAL CASN and INVESTMENTS $ 94],'/84'.56 ' . ....._ . . ._. ____ . . . .__ . . . .... .... . . . 09/23/199� � Big Horn 94-1 PM - 2 INV&&TM6NT PORTFOLIO DETAILS - INVESTMENIS CI17 AUGUST 31, 199] ACCRUAL INV&STMENT PURCHASE STA'�'EO --- y'�'r7 --- MATIJRITY DAYS NUMBER ISSUER ➢ATE B00]( VALUE FACE VALUE MARRET VALUE RATE 360 365 DATE 1V MAT FID6LITY TREASURY POOL 12018 R Fidelity Inetitutional Caeh 645,388.00 645,388.00 645,388.00 5.410 5.336 5.430 1 12019 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.410 5.336 5.410 1 12020 I Fidelity IneCitutional Caeh ],202.00 ],202.00 7,202.00 5.410 5.336 5.430 � 1 12021 Fideli[y Ina[itutional Caah 699,854.0D 699,854.00 699,BSa.00 5.410 5.336 5.410 I ____'_"""_____ __'___'"__'__' "_'____'_"_""' ___'__ "__" _"__'_ SUBTOTALS and AVERAGES 1,352,994.00 1,352,444.00 1,35?,444.00 5.336 5.910 1 TOTAL INVESTMENTS a�d AVG. $ 1,352,444.00 1,352,999.00 1,352,444.00 5.3369 5.410& 1 . . . ... .._.. . .. . 09/23/199� Hig Horn 94-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CI1'Y AVGVST 31, 199] ACCRVAL INVESTMENT PURCHASE STATED --- Y1T7 --- MATORITY DAYS MIMBER ISSUER DATE BOOR VALUE FACE VALUE MAR[(ET VALUE RATE 360 365 DATE TO MAT "'__"_________________'_"__"_"'"_'_'""""""""'_"_"__'"'_"_"_""'"'""__'________'______________"______"_______________'__ CASN WITN TRUSTEE -FIRST TRVST 2400] � Caeh with True[ee 2.21 0.000 0.000 0.000 TOTAL CASIi and INV£STMENTS $ 1,352,446�.21 .. _ _. ...__._ . . . . . . . . . .. .. ... . . 09/23/199� Sunterrdce 94-2 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CSTY AVGUST 31, 1999 ACCRUAL INVESIMENT - PURCHASE STAT6D --- Y1M --- MAT[JRS1'1 DAYS IdUMBER ISSUER DATE HOOK VALUE FACE VALVE MARKET VALUE RATE 360 365 ➢ATE TO MAT PID&LITY 112EASVRY POOL 12009 I Fidelity Inetitutional Caeh 35,149.00 35,149.00 35,199.00 5.410 5.336 5.410 1 12010 R Fidelity Ina[itutional Caeh 1'/'/,676.00 17'1,6'l6.00 17'/,6'/6.00 5.410 5.336 5.410 1 12032 Fidelity Inetitutional Cash 51,722.00 51,"/22.00 51,722.00 5.360 5.287 5.360 1 � 12033 Fidelity Inetitutiona2 Cash 120,201.-00 120,201.00 120,201.00 5.410 5.336 5.410 1 _"'_"_'__'__ """'_____'__ ____________'_ __"'_ ______ __'"'_ SUBTOTALS and AVERAGES 384,']48.00 384,']48.00 399,748.00 5.329 5.403 1 TOTAL INVESTMENTS and AVG. $ 389,098.00 3B4,'l48.00 384,]48.00 5.329t 5.903t i 09/23/199� Sun[errace 99-2 PM - 3 INVESIMENT PORTFOLIO D6TAILS - CASH CITY AUGUST 31, 1999 ACCRUAL INVESTMENT YURCHASE STATED --- YRM --- MATUAi'1'Y DAYS NUMBER ISSUER DATE H00]( VALUE FACE VALUE MAAI(ET VALUE AATE 360 365 DATE TO MAT CASH WITH TRVSTEE -FIRST TRUST 24006 Caeh with Truetee 2.22 0.000 0.000 0.000 TOTAL CASH and INVE5IMENTS $ 389,'/50:22 � 09/23/199� Merano 99-3 pp� - 2 INVESTTIENT PORTPOLIO DETAILS - INV6STMfiNTS CITY AUGUST 31, 199'/ ACCRUAL INVESTMENT . Pp[t�pg� STATEO --- YTTf -" MATURITY DAYS [7UMBER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY 1R6ASURY POOL 12011 Fidelity Ineti[u[ional Caeh 0.00 0.00 O.oO S.3a0 5.0']0 5.140 1 32012 I Fidelity Inetitutional Caeh 401,499.00 901,499.00 401,499.00 5.430 5.336 5.910 1 12013 R Fidelity InetitutiOnal Caeh 125,382.00 125,382.00 125,382.00 5.410 5.336 5.910 � 1 12031 Fidelity Inetitutional Caah 5,']'/O.OD 5,�70.00 5,'/�0.00 5.410 5.336 5.410 � 1 � 1203� Fidelity Inetitu[ional Caeh 93,396.00 93,346.00 93,346.00 5.410 5.336 5.410 1 ' '_____ __'_" SUBTOTALS and AVERAGES 625,99'I.00 625,99'].00 625,99'7.00 5.336 5.910 1 "_'"""'________'_________"'_"__"_'_"_____'_'_"""_______"'_'"""'""____'__ � TOTAL INVESTMENTS and AVG. $ 625,990.00 625,997.Oo 625,99'/.00 5.336& 5.410} 1 a�ssae��s��see�ses��.��»«aaas�»em��e_��tese�a�sas�as�ea�s . 09/23/199� Metano 94-3 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASN �ITy AOGUST 31, 1997 ACCRVAL INVESTMENL PUFtCHASE STATED '-" Y1M """ MATURITY DAYS NOMBER ISSU6R DATE H001C VALUE FACE VALVE MARKET VALUE RATE 360 365 DATE TO MAT CASH NITH TAUST66 -FIR6T TRUST 24005 Caeh with Ttvetee 0.97 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 625,99']:9'/ ' ...._ . .. .. . ._ . . .. . . . . ... . . .. .._ . ..... ._ __ 09/23/199] ' 95 REV BND: 83-1, 84-1-R, 8�-1 pp� - 2 INVESTMENT PORTFOLIO DETAIL6 - INVE5IMENTS �ITy AVGUST 31, 1997 ACCRUAL INVESTMENT � PURCHASE STATED --- Y1M -'- f+�'�'pRITY DAYS NUDIDER ISSUER OATE BOOK VALUE FAC& VALUE MAAI�'T VALUS RATE 360 365 DATE TO MAT FIDfiLITY RR6ASURY POOL 12023 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.360 5.28'/ 5.360 1 12029 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.210 5.139 5.230 1 12039 Fidelity Inetitutional Caeh 0.00 0.00 0.00 5.220 5.148 5.220 1 12096 Fidelity Inatitutional Cash 31,841.00 31,841.00 31,841.00 5.410 5.336 5.410 1 12049 Fideli[y Inetitutional Caeh 218,022.00 218,022.00 218,022.00 5.410 5.336 5.410 1 _'_____"__'""_ '___'_____"'_ ___"_'_"_____ ______ '_____ _""__ SUHTOTALS and AVERAGES 249,863.00 249,863.00 249,B63.00 5.336 5.410 1 ______"_____"__________"_____________________"__"_____________________________"_ TOTAL INVESTMENTS and AVG. $ 2a9,863.00 249,863.00 299,863.00 5.336& 5.410& 1 a.........:.....a................................:..........��se.�.:..........�..... . _ . . ... . .. . . . _ . . . . _.._. ... . __... .. .. . ..__. _. .. . . . � 09/23/199� 95 RSV HN➢: 83-1, 84-1-R, 8�-1 pM - 3 INVESTMENT PORTFOLIO DETAILS - CASH �ITy AUGUST 31, 1999 ACCRUAL INVESTMENT PURCHASE STAT6D -" Y1T1 "- Mp'('ORI1'Y DAYS NUMBER ISSUER DATE HOOR VALU& FAC6 VALUE MARKET VALVE RATE 360 365 DATE TO MAT CASH NITH 1ROSTEE -FIR5T TRUST 24003 - Caeh with Truetee 138 0.000 0.000 0.000 1tlTAL CASH and INVESTMENTS $ 249,864".3B 09/23/1999 Library Foundation PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH �Iqy AVGUST 31, 199"/ ACCRUAL INVESTMENT � Pl7R�HAgg STATED --- YTTi --- MATURITY DAYS NUPIDER ISSUER DAT6 HOOR VALUE FACE VALUE MAR[(ET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CI�CKING ACCOUNfS 13005 Library Foundation - VBC 10,000.00 0.000 0.000 0.000 � TOTAL CASH and INVESTMEN2S � $ 10,000-.00 , 09/23/199� City General Fund pp� _ z INVfiSTM6NT PORTFOLIO OETAILS - INVESTMENTS CITY AUGUST 31, 199'/ ACCRUAL INVESTMENT PllRCf1ASE STATE� '-- Y1T7 '"- MATqRI17 DAYS NOM.B&R ISSVER DATE HOOR VALUE FACE VALUE MAgICET VALVE RATE 360 365 DATE 1V MAT I/JCAL AGENCY INV65T'MENT FUNDS 12000 Local Agency Inveetment Fun 13,996,010.46 13,446,010.96 13,446,010.46 5.679 5.601 5.6'/9 1 PASSBOOR/CHECICING ACCOUNlS 13009 Main Accou[it (Sweep) - IIBC 6,313,562.-55 6,313,562.55 6,313,562.55 4.630 4.569 9.630 1 FEDERAL AGENCY ISSUES - COUPON 14016 Federal Faxm Credit Bank OB/04/9'/ 3,000,000.00 3,000,000.00 2,984,062.50 6.000 6.000 6.OB3 OB/04/00 1,068 1400'l Federal xome Iqan Hank 10/24/96 3,991,325.55 9,000,000.00 3,993,750.00 5.820 6.019 6.102 11/02/98 427 14019 Federal Home Loan Bank 06/30/9'/ 2,000,000.00 2,000,000.00 1,99�,500.00 6.250 6.250 6.339 12/30/98 485 14015 Federal Home Loan Hank 06/18/9'/ 3,000,000.00 3,000,000.00 3,003,�50.00 6.315 6.315 6.403 12/18/98 973 74009 FED HOME IAAN MORTGAGE CORP O1/09/97 1,999,555.56 2,000,000.00 1,996,250.00 6.855 6.930 7.026 O1/09/02 1,591 14017 FED HOME LOAN MORTGAGE CORP 08/12/99 1,999,260.92 2,000,000.00 1,993,950.00 6.840 6.851 6.946 OB/12/02 1,806 "__'___' '___"'_""'___ '_"__' ______ _"_'_ SUBTOTALS and AVERAGES � 15,985,161.53 15,969,062.50 16,000,000.00 6.318 6.405 6B1 TR�ASURY SECURITIES - COUPON 16039 Uni[ed States Treasury OS/31/96 1,999,306.96 2,000,000.00 2,003,750.00 6.000 5.967 6.050 OS/31/98 2'/2 16035 Uni[ed Statee Treaeury OS/31/96 1,989,158.26 2,000,000.00 1,995,000.00 5.125 6.041 6.125 03/31/98 211 16036 United Sta[ee Treasury 06/26/96 2,98'/,661.06 3,000,000.00 3,OO1,B95.00 5.8'/5 6.252 6.338 OB/15/98 340 1603"/ United S[ates Treasury 06/26/96 2,956,35'/.90 3,000,000.00 2,9'/2,812.50 5.125 6.314 6.902 11/30/98 455 16038 United Statee Treaeury 06/26/96 1,996,993.99 2,000,000.00 1,999,395.00 5.395 6.052 6.136 11/30/9a 90 16092 United Statee Treasury 09/13/96 1,990,396.34 2,000,000.00 1,995,625.00 5.125 6.068 6.152 02/2B/98 1B0 16095 llni[ed S[ates Treaeuzy 09/OS/96 1,995,685.34 2,000,000.00 2,006,250.00 6.125 6.270 6.358 OB/31/98 369 160n'l United States Treasury OS/O1/9'l 2,003,636.83 2,000,000.00 2,013,750.00 6.3]5 6.171 6.25'/ 09/30/99 fi06 16098 United States Tieaeury 03/21/9'1 1,960,156.0"/ 2,000,000.00 1,995,000.00 5.000 6.124 6.209 02/15/99 532 _'____""______ __________""__ "_________"_"_ ______ "__""' ______ SUBTOTALS and AVEAAGES 19,BB5,802.'/3 19,963,43'/.50 20,000,000.00 6.154 6.239 346 TOTAL INVESTMENTS and AVG. $ 55,630,517.27 55,692,003.01 55,'/59,5'/3.01 5.08'1t 5.969k 3'/] . _. . ... . . . . ..._ . ... . . . . ._: . ..... . _. ._... , 09/23/1990 City General Fund ppi - 3 INVESTMENT PORTFOLIO DETAILS - CASH �ITy AUGUST 31, 199] ACCAUAL INVESTMENT pURCHASE STATfiD --- YTM --- MATURITY ➢AYS NOMBER ISSUER DATE BOOR VALIIE FACE VALVE MARRET VALVE RATE 360 365 DATE TO MAT PASSHOOR/CF�CKING ACC011NlS 13000 Ci[y Main Account - BofA 19,593.99 0.000 0.000 0.000 13002 Hank of AmeriCa - SaVinge 0.00 2.000 1.973 2.000 13006 City Main ACCount - UBC -3,681.32 � 0.000 0.000 0.000 . � SOBTOTALS and AVERAGES 10,912.6"/ 0.000 0.000 ACCrued Intereet at Puzchaee 346.4'] TOTAL CASH $ 11,259.14 TOTAL CASH and INVESTMENTS 5 55,641,776.41 • � 09/23/199� CITY IqAN TO RDA pp� _ Z INVESTMENT PORTFOLIO DETAILS - INVES'1MENTS �ITy AUGUST 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATORITY DAyS NUDIDER ISSU6R DATE BOOR VALUE FACE VALUE MARRET VALUE RATE 360 365 DATE TO MAT CITY LOAN 1'O RDA 12001 Redevelopment Agency-Loan 0'//01/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 0'//O1/O1 1,399 TOTAL INVGSTMENTS and AVG. 5 19,000,000:09 � 19,000,000.00 - 19,000,000.00 5.962f 5.538t 1,399 � ' ,r.,�a:;; hfi' ` - _. :r ;�_ ,..: „i .r >r; -:. , � . . ;, , .. -„_ , . .,�, �x. ;' 09/33/1997 � Office Complex pp� - 3 INVE3IT�NT PORTFOLIO D6TAILS - CASH CI17 AUGUST 31, 1997 pC(,7Zpp1, INV661TIGMf � PI)RCHA56 STATED '-- Y1H "' MATURITY DAYS N[1MBSR IBBUER DATB HOOR VALU& FAC6 VALV6 MARIC6T VALVE R]1TE 360 365 DAT6 70 MAT __'_"'___"'"_""""""""""""""'"__"_"""""'"""'"'_'__'_'_"__""""""'_'"_____"""""""___"_"""""'__" PASSHODR/CI�C&IMfi ACGVi1NT6 13003 Office Comglex CheCking - BofA 7,113.51 0.000 0.000 0.000 13009 OffiCe C�@lex Tzuet - BofA 18.19 0.000 0.000 0.000 13008 Office Complex Cheeking - UBC 50,538.64 0.000 0.000 0.000 . 6UBTOTALS ind AVSRAOS6 57,670.34 0 000 0.000 1C1TAL CA6H end INVESTMENTS $ 5'/,670.34 - .`.................e........................:...`.'......................`.......... City Portfolio Composition August 31, 1997 POAfolio Composition ype July 31, 1997 August 31, 1997 Change Certificates of Deposit $0.00 $0.00 $0.00 FidelityTreasuryPoW $4,319,321.00 $6,310,665.00 $1,991,344.00 LAIF 516,446,010.46 513,446,010.46 (53,000,000.00 mmercial Paper $4,929,875.00 50.00 (54,929,875.00 Fede2lAgencyCoupon5 519,514,768.66 $22,507,664.57 $2,993,095.91 Federal Agency Discount $0.00 50.00 � 50.00 � reasuryCoupons $26,176,681.48 $23891,062.55 ($2,285,618.93 reasury Discount � a0.00 30.00 30.00 reasury Bills $0.00 $0.00 $Q.00 Money Market Sweep $4,107,00025 $6,313,562.55 $2,206,562.30 � RDA Loan $19,000,000.00 319,000,000.00 � $0.00 Book Value $94,493,656.85 $91,469,165.13 ($3,024,491.72 Gain(Loss") $175,16t.56 $15,434.76 ($159,726.80 � Market Value 594,668,818.41 $91,484,599.89 ($3,184,218.52 .... . .- . . . . . _.. . .__. . .... . ... . . . . . _ . . . . . . . STATE OF CALIFORNIA MATf FONG.Trsesuror OFFICE OF THE TREASURER SACRAMENTO , ";';,f�`' ' i. �; �_ -- �_ '9? S�;= 2 F" 3 �;; LOCAL AGENCY INVESTMENT FUND P.O. 80% 942809 Date: 07/31/97 SACRAMENTO, CA 94209-0001 Page: O1 JULY, 1997 STATEMENT ACCOUNT NUMBER: 98-33-621 CZTY OF PALM DESERT ATTN: CITY TREASURER 73510 FRED WARING DRIV ? PALM DESERT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATE TYPE N�� CALLER AMOUNT SALANCE --------- ----------- ---- ------ ------ --------------- --------------- BEGINNING BALANCE — REG $16, 197 , 483 . 26 0'7/15/97 07�14/97 DD -'36 SYS $248, 527 .20 $16, 446 , 010 . 46 --------------- ENDING BALANCE — REG $16 ,446, 010 . 46 --------------- GRAND TOTAL $16,446, 010.46 --------------- --------------- SUNIIdARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT ---------- ----------------- -------------------- REG 0 $248, 527 .20 $0 .00 (�' '(�: .�1.a'��UC1'D�IIC.�- POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF JULY 1997 WITH JULY 1996 (Dollars in T6ousands) 7[3LY'199T 7CTLY 1996 CHANGH Average Daily Portfolio 527,733,098 $26,149,842 +$1,583,256 Acccued Eaznings $133,760 $124,086 +$g,674 Effective Yield 5.679 5.587 +.092 Average Life--Month End(in days) . 222 252 -30 TotalSecurity Transactions Amount $34,726,583 $18,629,624 +$16,096,959 Number 778 444 +334 Total Tune Deposit Transactions Amount $378,190 $341,190 +537,000 Number 37 33 +4 Average Workday Investnent Aceviry $1,595,671 $862,310 +y733,361 Prescribed Demaad Account Balances ForSmices 5159,175 $135,465 +523,710 For Uncollected Funds S 122,883 S 151,221 -528,338 LOCAL AGENCY INVESTMENT FUND* SUMI�IARY OF ACTIVITY NLY 1997 BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE $10,805,981,756.16 $1,322,506,225.61 51,324,657,394.15 510,803,830,587.62 "Local Agoncy Invesunent Fund Invesud Through Pooled Money Invesuneat Account State of California Pooled Money Investment Account Market Valuation 7/31/97 Description Carryiny Cost Plus : . Estimabed R Accrued Ir�terest Purch. , Market Value Accrued irrterest United States Treasury: Bills S 1,183,752,859.34 S 1,204,982,48B.15 NA Strips S 121,804,450.00 S 150,080,450.00 NA Notes ; 5,692,439,914.89 S 5,684,574,370.00 S 60,755,686.08 Federel Agency: Bonds a 1,079,802,273.06 3 1,079,355,072.50 E 13,908,511.81 Floaters S 219,990,397.05 3 220,011,150.00 S 2,416,625.05 MBS S 151,711,156.63 S 151,502,516.73 S 896,026.93 GNMA S 2,845,948.27 S 3,234,240.85 S 27,720.74 SBA S 220,481,181.59 5 221,538,819.74 S 2,206,663.19 FHLMC PC 3 28.217,834•87 5 30,233,576.30 S 453,093.82 Discount Notes S 28B,113,559.03 a 287,620,600.00 NA Bankers Acceptances S 867,720,793.70 3 889,664,253.14 NA Corporate: Bonds S 1,179,982,015.07 S 1,180,228,047.79 S 24,811,271.42 Floaters S 415,576,571.92 S 415,824,470.D0 S 4,255,735.49 CDs S 5,886,485,800.93 S 5,888,428,520.27 S 9,647,763.89 Bank Notes S 874,053,541.52 S 874,090,347.18 S 2,759,777.79 Repurchase Agreements 3 50,000,000.00 3 50,000,000.00 NA Time Deposits S fi80,295,000.00 S 680,295,000.00 NA AB 55 8 GF Loans 3 3,936,251,602.00 3 3,936,251,602.00 NA Commercial Paper S 6,677,944,749.83 3 6,681,159,613.53 NA Reverse Repurchase S (290,450,000.00) S (290,450,000.00) (5524,739.58) TOTAL S 29,044,799,049.30 S 29,098,423,135.98 S 121,414,138.42 Estimated Market Value InGuding Accrued Interest S 29.217.837.272.40 Repurchase Agreements, Time Deposits,AB 55 3 General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost). CeAificates of Deposit (CDs), Bank Notes (BNs), and Commercial Paper(CPs) less than 90 days are cartied at portfolio book value (cartying cost). Interest accrued irom the date of purchase on CDs and BNs under 90 days is not included. � if ::',&.. ."v � `g':.a 'i:C . ::�o: .::.:a::y. . '.i.�%`v.,. b��;� ^±^ft>: � Treasurer's office staff have made a continuat effort TIME DEPOSITS �'��"��o��8�,°,� - enrollment in the program has grown over 50% since The State's Time Deposit Program is January 1995 and deposits have grown by over 170°/a intended to help fuel the State's economy at the to appro�cimately $750 million. Banks or savings and local level by providing a liquid source of funds �oans interested in receiving State deposits,can contact to Califomia's financial iastitutions. the Investment Division. ��' �"� GASB STATEMENT 31 Though the final print of GASB 31 has been available since eazly March, many local agencies CRED/T PROCESS are only now becoming aware of its existence. Public officials contact this office on a daily basis, The State Treasurer's office(STO)believes often confused by the new reporting requireme�s that the credit process is an important outlined in the statemeat. component in the effort to support the integrity Statement 31 is effective for the Snancial of the investmem program. Approximately two- s�atements for periods beginning aftn June 15, thirds of the portfolio is invested in money 1997. For the Pooled Money Investment market instcuments;therefore,the STO devotes Program, including the LAIF, the Srst report will significant staff resources to continually be prepazed June 30, 1998. This report is to be monitoring the investment portfolio for credit prepared on an annual basis, and will provide fair quality. T6isprocessinvolvesstaffresearchaad value comparisons year-over-year. Since the assistance of the major rating agencies Statement 31 is a "report only" standard which including Moody's, Standard & Poor's, doesnotrequireactualdisbursementoffairvatue Thomson Bankwatch,Fitch and Duff&Phelps. changes among program participants, t6ere will The STO contracts with these and other services be no changes to either the method of acciving to provide timely credit analysis and ratings in reve�e or the&aquency of apportioning eamings. an effort to moaitor over 80 commercial paper The policies, goals and objectives will be programs, 40 corporate bond programs, thirty determined by cash flow and liquidity needs--not foreign banks, and more than 100 domestic Statement 31. For further clarification on banks approved for Pooled Money Investment Statement 31 contact the Investment Division Account (PMIA) investments. staff STATE OF CALIFORNIA MA77 FONG, Treasurer OFFICE OF THE TREASURER �� - � �, �: � _ ",- SACRAMENTO C��.�'�.`` '- - . . - -: � � _ , - � ,. m `2 �J -� 9 f1 ` ` ,�,� =- _ � �� LOCAL AGENCY INVESTNIENT FUND P.O. BOB 942809 Date: 07/31/97 3ACRAMENTO, CA 94209-0001 Page: O1 JULY, 1997 STATEMENT ACCOUNT NUNIBER: 65-33-015 PALM DESERT REDEVELOPMENT AGENCY ATTN: PAUL GIBSON, TREASURER 73-510 FRED WARING DRIVE PALM DESERT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATE TYPE NO CALLER AMOUNT BALANCE --------- ----------- ---- ------ ------ --------------- --------------- BEGINNING BALANCE - REG $12 � 814, 223. 44 07�15/97 07�14/97 DD 729 SYS $169 , 755 . 01 $12, 983, 978 . 45 --------------- ENDING BALANCE - REG $12, 983, 978 . 45 --------------- GRAND TOTAL $12, 983, 978 .45 --------------- --------------- SUMMARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT ---------- ----------------- -------------------- REG 0 $169, 755 . 01 $0 . 00 �-'� i U�''0►11�G.., State of California Pooled Money Investment Account Market Valuation 7/31/97 Desc►iption Grrying Cost Plus 'Estimated � Accrued Irherest Purcfi. .� Market Value Accrued Irrterest United States Treasury: Bills S 1,183,752,859.34 S 1,204,982,486.15 NA Strips S 121,604,450.00 S 150,080,450.00 NA Notes S 5,692,439,914.69 $ 5,884,574,370.00 S 60,755,686.08 Federal Agency: Bonds a 1,079,802,273.08 5 1,079,355,072.50 3 13,908,511.61 Floaters 3 219,990,397.05 $ Y10,011,150.00 3 2,416,625.05 MBS S 151,711,156.63 $ 151,502,576.73 S 896,026.93 GNMA S 2,845,948.27 $ 3,234,240.85 3 27,720.74 SBA S 220,481,181.59 S 221,538,819.74 S 2,206,663.19 FHLMC PC S 28,217,834.87 S 30,233,576.30 3 453,093.82 Discount Notes S 286,113,559.03 S 287,620,800.00 NA Bankers Acceptances S 867,720,793.70 S 889,684,253.14 NA Corporate: Bonds y 1,179,982,015.07 S 1,180,228,047.79 i 24,B11,271.42 Floaters S 415,576,571.92 5 415,624,470.00 S 4,255,735.49 CDs S 5,886,485,800.93 S 5,888,426,520:27 S 9,647,763.89 Bank Notes S 874,053,541.52 S 874,090,347.18 S 2,758,777.78 Repurchase Agreements S 50,000,000.00 3 50,000,000.00 NA Time Deposits S 680,295,000.00 S 680,295,000.00 NA AB 55 &GF Loans 3 3,936,251,802.00 S 3,936,251,802.00 NA Commercial Paper 3 6,677,944,749.63 5 6,681,159,813.53 NA Reverse Repurchase S (290,450,000.00) S (290,450,000.00) (5524,739.58) TOTAL S 29,044,799,049.30 S 29,098,423,135.98 S 721,414,136.42 Estimated Market Value Including Accrued Interest S 29,217,837,272.40 Repurchase Agreements, Time Deposits, AB 55 3 Generel Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (cartying cost). Certficates of Deposic (CDs), Bank Notes (BNs), and Commercial Paper(CPs) less than 90 days are cartied at portfolio book value (cartying wst). Interest accrued from the date oi purchase on CDs and BNs under 90 days is not included. POOLED MONEY INVESTMENT ACCOUNT SUbII�tARY OF INVESTMENT DATA A COMPARISON OF JULY 1997 WITH JULY 1996 (Douara m Tnous,nas) �.Y,�99T :JULY 1996 !.'HlaN4B ' AverageDailyPortfolio $27,733,098 $26,149,842 +$1,583,256 Accrued Eamings $133,760 $124,086 +$9,674 Effective Yield 5.679 5.58'I +.092 Average Life--Manth End(in days) 222 252 -30 Total Sccurity Tmnsactions Amount $34,726,583 $18,629,624 +$16,096,959 Number 778 444 +334 Total Tune Deposit Transacdons Amount 5378,190 5341,190 +$37,000 Number 37 33 +4 Avecage Workday Inveshnent Activity $1,595,671 $862,310 +$�33,361 Prescribed Demand Accaunt Balances ForServices $159,175 5135,465 +$Z3,710 For Uncolleaed Funds 5122,883 5151,221 -528,338 LOCAL AGENCY INVESTMENT FUND* SUMMARY OF ACTIVITY JULY 1997 BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE $10,805,981,756.16 $1,322,506,225.61 $1,324,657,394.15 510,803,830,587.62 •Local Agency Investrnent Fund Invested 1Lrough Pooled Money Inves�ent Account :: 1 ��, .` . �., M� ' ��::. ;;.,:�. � Treasurer's office staff have made a continual effort TIME DEPOSITS �e'��T�°��o��r�� -- enrollment in the program has growm over 50% since The State's Time Deposit Program is 7anuary 1995 and deposits have grown by over 170% intended to help fuel the State's economy at the to approximately $750 million. Banks or savings and local level by providing a liquid source of funds loans interested in receiving State deposits,can contact to California's financial institutions. the Investment Division. � ri � qi 3�i; ' 'ii : �i�: �„4�+! ' GASB STATEMENT 31 ,�i� Though the Snal print of GASB 31 has been available since early March, many local agencies CRED/T PROCESS are only now becoming aware of its existence. Public officials contact tlils office on a daily basis, The State Treasurer's office(STO)believes often confused by the new reporting requirements that the credit process is an important oudined in the statement. component in the effort to suppoR the integrity Statement 31 is effective for the Snancial ofthe investment program. Appropmately two- s�atements for periods beginning after June 15, thirds of the portfolio is invested in money 1997. For the Pooled Money Ievestment market instruments;therefore,the STO devotes Program, including the LAIF, the Srst report will significant staff resources to continually be prepared June 30, 1998. This report is to be monitoring the investment portfolio for credit prepared oa an annual basis, and will provide fair quality. This process involves staffresearch and value comparisons year-over-year. Since the assistance of the major rating agencies Statement 31 is a "report oniy" standard wlrich including Moody's, Standard & Poor's, doesnotrequireactualdisbursememoffairvalue Thomson Bankwatch,Fitch and Duff&Phelps. changes among program participants, there will The STO convacts with these and other scrvices be no changes to either the method of accruing to provide timely credit analysis and ratings in �'ero�e or the frequency ofapportioning eamings. an effort to monitor over 80 commercial paper The policies, goals and objectives will be prograzns, 40 corporate bond programs, thirry determined by cash flow and liquidity nceds--not foreign banks, and more than 100 domestic Statement 31. For further clarificatioa on banks approved for Pooled Money Investmeat Statement 31 contact the Investment Division Account (PMIA) investments. staff. PALM DESERT OFFICE COMPLEX FINANCIAL SfATIIVIENTS ,1LJLY 31, 1997 OSCAR G. ARMIJQ- O!` A CertlHed Public Acco�. it <JA 74-133 EL PASEO,SUITE 8 • PALM DESERT,CALIFORNIA 92260 • (760) 773-4078 • FAX(760) 773-4079 I September 8, 1997 Palm Desert Office Complez Palm Desert, California I have compiled the accompanying balance sheet of Palm Desert Office Complex, as of July 31, 1997, and the related income statement and statement of cash flows for the one month then ended, in accordance with statemems oa standards for accounting and review services issuad by tlte American Institute of Certifie� Public Accountant�. A compilazion is limitefl to presenting in the form of financial statemeau information that is the representation of managemem. I have �t auditad or reviewad the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them. Management has elected to omit substantially all of the disclosures required by generally accepted accounting principles. If the omiued disclosures were included in the financial statements, they might influence the user's conclusions about the organization's financisl position,results of operations and cash flows. Accordingly, these financial statements aze �t designed for those who aze not informed about such mattecs. Sincerely, -./ .�+--�--�� Oscar G. Armijo Certified Public Accoumant MBI�ER . � - MEMBFR Catrjorn/o s«lety oj AmMcon Insdtute oj CMy(M Publtc Aecoumm�u Csrtlf7M!'ubilc Accountanh Palm Desert Office Complex Salance Sheet July 31, 1997 i Assets Current Assets Cash in Bank $ 7,107.20 Cash in Bank - Union Bank 48,654.93 Sweep Investment Account 254,000.00 Cash In Bank-Security Dep. II.B 23,471.59 Total Current Assets $ 333,233.72 Fixed Assets Building 444 2,585,000.00 Accumulated Depreciation (110,470.08) Building 555 1,085,000.00 Accumulated Depreciation (46, 367.45) Buildinq Improvements-Bldq 444 137,715.04 Accumulated Depreciation (11,269.42) Total Fixed Assets 3 , 639,608.09 Total Assets $ 3 , 972,841.81 See Accountants' Compilation Report � - - � Palm Desert Office Complex Balance Sheet July 31, 1997 � Liabilities and Equity � Current Liabilities Security Deposit Payable $ 20,700.00 Loan Payable-City of Palm Dsrt 40,000.00 � Total Current Liabilities $ 60,700.00 Long Term Liabilities � Equitx Equlty 3,183,885.45 Retained Earnings 727,219.81 Current Income (Loss) 1,036.55 � Total Equity _ 3,912, 141.81 � Total Liaksilities & Equity � $ 3 ,972,841.81 � � � � � . � � � � � See Accountants� Compilation Report � ,. Palm Desert Office Complex Income Statement For the Period Ended July 31, 1997 1 Month Ended 1 Month Ended Jul. 31, 1997 PCt Jul. 31, 1997 PCt Revenue Rent Receipts $ 33,801.21 99.39 S 33,801.21 99.39 Interest Income-General 206.86 0.61 206.86 0.61 Total Revenue 34,008.07 300.00 34,008.07 500.00 operating Expenses Repairs & Maintenance-Di 811.42 2.39 811.42 2.39 Repairs & Maintenance-Bu 3,293.26 9. 68 3,293.26 9.68 Repairs & Maintenance-Ja 3,480.00 10.23 3,480.00 10.23 Professional Services 11, 000.00 32.35 11, 000.00 32.35 Telephone 139.71 0.41 139.71 0.41 Utilities 5,061.20 14.88 5, 061.20 14.85 � Total Expenses 23,785.59 69.94 23,785.59 69.94 Operatinq Income 10,222.48 30.06 10,222.48 30.06 Depreciation Expense 9, 185.93 27.01 9, 185.93 27.01 Total Other Income (9, 185.93) ( 27.01) (9,185.93) ( 27.01) Net Income (Loss) $ 1, 036.55 3.05 $ 1, 036.55 3.05 � i, See Accountants' Compilation Report i I Palm Desert Office Complex Statement of Cash Flows For the Period Ended July 31, 1997 Increase (Decrease) in Cash or Cash Equivalents I 1 Month Ended 1 Month Ended I Jul. 31, 1997 Jul. 31, 1997 Cash Flow from Operatinq Activities Net Income (Loss) $ 1,036.55 S 1,036.55 I Adjustments to Reconcile Cash Flow Depreciation 9, 185.93 9, 185.93 Increase (Decrease) in Current Liabilities ISecurity Deposit Payable 1,000.00 1,000.00 Total Adjustments 10,185.93 10, 185.93 � Cash Provided (Used) by Operations 11,222.48 11,222.48 Cash Flow From Investing Activities ' Sales (Purchases) of Assets Cash Flow From Financinq Activities Cash (Used) or provided by: I Retained Earnings 0.00 0.00 Cash Provided (Used) by Financinq 0.00 0.00 1 Net Increase (Decrease) in Cash 11,222.48 11,222.48 Cash at Beginning of Period 322,011.24 322, 011.24 1 Cash at End of Period $ 333 ,233.72 $ 333,233 .72 1 I � l I 1 I � See Accountants' Compilation Report � F' City Of Palm DeeeR Deeert Willowe Golf Coune Budget Ve.Actual For the Month of Auguat 1997 Aug-97 Aug-97 $Variance %Var YTD YTD $Variance %Vaz Revenue BudgeMd Actual Current Current Budget Actual � YTD YTD Golf Course Fee $79,664 $59,845 ($19,819) 75.12% $175,019 $116,137 ($58,882) 66.36% CaztFee $840 $2,491 $1,651 2%.55% $1,840 $5,431 $3,591 295.16% rro si,op $i�,soo $i6,sso (Si,iso� 9a.as% �as5w sz�,osz �sii,ass� �o.z�x Range $2,686 $3,349 $662 124.61% $5,913 $6Sp $608 110.27% FoodkBeverages $11,750 $9,484 ($1,766) 84.30% $24,650 $19,510 ($5,140) 79.15% OtherRevenue $100 $0 ($100) 0.00% $200 $0 ($200) 0.00% Total , 112,042 91,519 ( 20,523) 81.68% 246,162 174,680 ' ( 71,482) 70.96% Expenditures Salaries and Benefits $102,915 $93,039 $9,876 90.40% $205,831 $188,999 � $16,532 91.82% GolfCourseMaintenance $37,601 $43,864 ($6,263) 116.66% $105,202 $111,730 ($6,528) 10621% Cart Expenses $9,208 $11,015 ($1,80'� 119.62% $18,416 $21,174 ($2,758) 114.98% Pro Shop Ezpenses $640 ($874) $1,514 -136.56% $1,330 $B67 $463 65.19% Pro GoII Shop Cost of Goods Sold $10,320 $S,S98 $1,422 8622% $22,704 $19,644 $3,060 86.52% aanqeEx��s 8aoo (ssa) Sasa -zs.00x �aoo (�sa) sasa -n.00% Food&Bev.Expenses $1,660 $6,133 ($4,473) 369.46% $3,320 $7,978 ($4,658) 240.30% Food&Bev.Cost of Goods Sold $4,166 $4,521 ($355) 108.53% $9,164 $70,557 ($1,393) 115.20% General&Administration Expenses $37,487 $13,927 $23,560 37.15% $78,942 $45,302 $33,640 57.39% Managemen[Fee $12,500 $12,500 $0 100.00% $25,000 $25,000 $0 100.00% DepreciaHon Expense $18,077 $28,345 ($10,268) 156.80% $36,154 $59,872 ($23,718) 165.60% CapiWlExpense $9,590 $2,690 $6,900 28.05% $21,015 $5,511 $15,504 2622% In[erest $3,004 $0 $3,004 0.00% $6,009 $0 $6,009 0.00% Tota] 247,468 2?3,974 23,494 90.51% 33,487 96,550 6,937 93.08% Net Profit(Loss) (3135,42� (5132,455) (5287,326) (5321,870) � City of Palm Desert DeseH Willows Golf Course Monthly Income Statement Budgeted and Actual for Fiscal Yeaz 1997-1998 Jul-97 Aug-97 Revenue Actual Actual Golf Course Fee $56,292 $59,845 Cazt Fee $2,940 $2,491 . PtoShop $10,732 $16,350 . Range $3,171 $3,349 Food 6x Beverages $10,026 $9,464 O[her Revenue $0 $0 Total $83,161 $91,519 Expendihres Salaries and Benefits $95,960 $93,039 Golf Course Maintenance $67,866 $43,864 Cart Expenses $10,159 $11,015 Pro Shop Expenses $1,74] ($874) Pro Golf Shop Cost of Goods Sold $10,746 $8,898 Range Expenses $0 ($84) Food&Bev.Expenses $7,845 $6,133 Food&Bev.Cost of Goods Sold $6,036 $4,521 General&Admutistrafion Expenses $31,375 $13,927 Management Fee $12,500 $12,500 DepreciaHon Expense $31,527 $28,345 Capital Expense $2,821 $2,690 Interest $0 $0 Total $272,576 $223,974 Net Profit(Loss) (5789,415) (5132,455) ' Jul-97 Aug-97 � Revenue Budgered Budgeted Golf Course Fee $95,355 $79,664 Cart Fee $1,000 $840 Pro Shop $21,040 $17,500 - Range $3,225 $2,688 Food&BeveraRes $13,4W $11,250 OtherRevenue $100 $100 Total $13h,120 $11$042 Expenditures Salaries and Henefics $102,915 $102,915 GolfCourse Maintenance $67,607 $37,601 Cart Expenses $7,20R $9,208 Pro Shop Expenses $�i90 $640 Pro Golf Shop Cos!of Goods Sold $12,384 $10,320 ftange Expenses $100 $300 Food&Bev.ExPenses 51,660 $1,660 Food&Bev.Cost of Goods Sold $3,999 $4,166 General di Administration Expenses $91,455 $37,487 Management Fee $12.50� $12,500 Depreciatlon�pense $18,077 $18,077 Capital Ezpense 511,426 $9,590 Interest Expense $3,004 $3,009 Total $286,019 $247,468 Net Profif(Loss) (5151,899) ($135,427) City of Palm Deaer[ Deeat Willow Golf Couree Analyeis of Raunde Mayed BteaJ�dawn of Hounds: Total M af %of M of %of #o( %of Moneh Rounds Resident Residmt Non-Res. Nan-Rea. Comp.Rds Comp.Rds. Febcuary 2,155 635 . 29.4]% 1,342 62.7J% 178 8.7b% MarcL Sb76 7,418 42.60X 3,060 53.91% 198 3.49% April 3,782 1,490 38.87% 2,150 56.85% 162 4.18% May 3,I01 1,206 37.68% 1,8A4 57.67% 151 4.72% )�ne 2,584 8Q5 3115% 1b74 64.78% 105 4.06% luly 2,756 817 %.21% 1,257 55.72% 162 8.07% ._... . ._.. .. . .. .._..... .... ..... .. .... .. . ....... .. ......... ..... .. ... AM6w� �A� 1An��. 40�.86% 1.292��. 19:3R% .M6 9.84%�: Tocel 22,1 � 8,372 37.79% 12559� 56.69% 1,222 5.52% Comparieon of Aclual To Budget per Month: Total Accual #of Rounds M % Month Rounds Budgeted Vaziance Variance Febxuary 2,155 1,650 305 116.49% March 5,676 5,230 966 308.94% April 3,782 L980 (1.198) 75.99% May 3,201 4,560 (1,359) 70.20% 7une 2,584 3,095 - (511) 83.99% July 2.256 2,580 (324) 87.44% Angust 2,499 2,150 %9 116:73% Total 72,153 24,415 (2,272) 90.70% Comoarieon of Actual to Budget Year to Drte: ttD YTD YfD p of YTD a o( YI'D M of Total M of N o(Raunds # % Month Resident Non-Res. Comp. Aounds Budgeted Vanance Vadance February 635 1,342 1]8 2,155 1,650 305 ll6.49% Mazch 3,053 4,402 376 7,831 7,060 TJl 110.92% - Apri] 4,523 6,552 538 11,613 12,090 (42� 96.45% May 5,729 8,396 689 19,814 16,600 (1,786) 89.24% June 6,534 10,070 799 17,398 19,695 (2,29� 88.34% Jdy 0,35] 11,329 976 19,654 22,7J5 (2,621) 8823% Augus� 6,372 12559 1,222 22,153 29,425 (2,2T,n 9070% Total 8,372 12,559 1,222 22,153 24,425 (2,272) 9070% Com aAwn of Actual to Bud eted fer Residmb Noo-Reeidenb and Com Iemenh : Total Total Total Total Total Total Residmt Residmt % Noo-Renidmt Non-Reeidmt % Comp.Rdc. Comp.Rds. % Month Actval Budget Variar�ce Vu'vrce Actual Budget Vanance Variance Actuil Budget Variance Varivee Febeuuy 635 90] (2T1) 70% ],392 9W 436 198% 178 37 141 981% Ms�ch 1,418 2707 (]H9) 89% 3,060 2,9W 660 11B% 198 303 95 192% April 1,470 2,978 p,458) 50% 2,150 � 1,952 196 I10% 162 IOD 62 162% May 1,206 3,178 (1,912) 39% 1,844 1,341 503 138% 151 91 60 166X June 805 2,113 (1,318) 38% t,674 930 ]64 184% 105 62 93 169% JWy 817 1,770 (953) 46% 1,257 758 499 166% 182 52 330 350% Avgusl 1.021 1,474 (453) 69% 1.232 632 �600 195% .. . 2Q6. . .. .94 .:202 �.� SS9% Tota 8,372 15,03� 6,66 ) 56% 12,559 8,899 3,660 141% 1, 489 733 750% + � ,alm Desert Recrearional FaciliHes Corpora..on Monthly Income Analysis For August 1997 Aug-97 Aug-97 X % - AMual Budget Vaziance Vaziance Food&Beverage Revenues $ 9,484.00 $ 11,25(1.00 $ (1,766.00) 84.30% Total Revenues $ 9A84•00 $ 11,250.00 $ (1,766.00) 84.30% Salaries $ 7,770.00 $ 8,986.68 $ 1,216.68 86.46% Cost of Goods Sold-F&B $ 4,521.00 $ 4,165.63 $ (355.38) 108.53% Food&Beverage Expense $ 6,133.00 $ 1,660.00 $ (4,473.00) 369.46% Total Ezpenses 18,424.00 14,ffi231 $ (3,611.69) 124.38% Net Income(Loss) $ (8,940.00) $ (3,562.31) Note:The above revenues and expendihues are also included in the Deser[Willow analysis. O � W �� .� � � � � �� g w � �,+ �` .Q: � �x�'� � � � p�..� '� '�+"'�� q � p` ' � ❑ C G .�+. q� � '� .� � � C � O O . �+'+... C4 ^� �..�� '% -� � c U U U �d. oo �. -� v w ,� � m c�tl r, r, 6y� ^� 0.r � p .M � N � N � d � � m � � . a �" �- �- °� � � °' E nu K ., W ?' � '� `� � y ' w � � � ? � i7 w ¢ m w w w 0 o e o � � o� o e c c o o c c 0 0 0 0 � o �o 0 0 0 0 0 0 0 .r a! U� 01 �O Vl M „� N� �O 7 v�i � O�.0� C� ,o O oo N � O� O . p .-" . ,_., .,.. e ,Oa, W ~ �; � e e � /-y F+ /--i F+ � .Fi� �Fr -/.. � � iG � � � M N � �('J �M N h P� � l� O N �O 7 O� �O .-• N�� O O v'1 O� t+'� o0 0o R oo t� 7 fn O� N O � � O �+ �V O O � N O O � d �O �D M V O N C �n � o0000000 � � � � f- -- o — -- o � ' o Q „ A w w�r+ �+ >'+ + � � � � � � � � � � � � � � � � � w O V'1 .M O 7 O oO�:.V 7 +.+ �O l� '�O N M �n M 0� O1 O� 00 O� M �0��N�.'.O� N Y O �O ri �D v� N l� OD �D �--� N O O . O�.'.N��=O v'� OD �O oo O N -� O� N �. O O. �O O O O O �C'9 �-+ 7 �O �-+ �-+ O � O O Ca a1 A Q � � � � � � � � � � � � .0 O O d' O v� N M R O O �O �D 01 O. O O � o � w W O .N N M [� �V .M � �� oo � N N .-� .-� �--� �--� <I' � i � 'q N 'C G � ' I W a�i W d d V � � a � o �n � v o ... � o � v W � U a �n M O� �n O M �O C m R .-. . . � ... . ,., t� V1 �n 7 7 � � N N O � A � ��' �� .. U � � � � 9 ,� � C C � � Q � � N Z . '�. � G 9 LL ^ F � � Q � � � � � V � �I w � . ,, O 0 � �L-' � R U r.a T � .a ]. _ C N N � m � � � 7 � m �' 6� O � c�a � � � � a t� C� N � +•' W � W aJ r m. .. 7 . O ..� � w..�.V y . •�-+ � V � ,� Q z � �� i .; '�� .. o :n � oo y � q R' � � � .� � ��y C�7. e � C7 � �� C� R o � m C� �a� ?: � d � a m .0 e'� ?' � "3 '� a G �� • � F- �i u� o ?� a � '� � a � � � 0 � � .� i .� Y � Q A �,,� 8 fi7 � � � rR. � i � q � '� 0 � a°, C7 a oc°. U 0 k. �`PQr�,s,.o� a vl F i-1 P. frr ..� v� ' PALM DESERT REDEVELOPMEN' � � ENCY COMBINED STATEMENT OF AC i UAL REVENUES&EXPENDITURES � COMPAREDTO BUDGET 31-Aug�7 RDA RDA °/a Of (FAV)UNFAV � Budget YTD Budget Actual YTD Budget Variance REVENUES 1 Taxincrement' 24,328200.00 4,054,700.00 0.00 0.00% 4,054,700.00 2lnterest � 1,904,000.00 317,333.33 35,107.80 11.06°h 282,225.53 Sales of Property 3 Reimbursement From Other Agancies 759,000.00 126,500.00 29,622.59 23.42% 96,877.41 4 Other Revenue 364,000.00 60,666.67 107.82 0.18% 60,558.85 TOTAL REVENUES 27,355,200.00 4,559,200.00 64,838.21 1.42% 4,494,361.79 � � FAV(UNFAV) EXPENDITURES � Variance � AdministrativeCosts 1,068,200.00 178,033.33 120,18423 67.51% 57,849.10 Professional Services 2,383,300.00 397,216.67 29,867.40 7.52°/a 367,349.27 property Tax Administrative Fee 563,900.00 93,983.33 0.00 0.00% 93,983.33 Cost of Inventory Sold Capital Outlay Deep Canyon&Hwy 111 8,241.00 1,373.50 0.00 0.00% 1,373.50 Parking-The Gardens 5,000,000.00 833,333.33 0.00 0.00°h 833,333.33 EI Paseo/Highway 74 . 7,719.00 1,286.50 0.00 0.00°k 1,286.50 I-101nterchange 250,000.00 250,000.00 250,000.00 100.00% 0.00 Super Block III-Landscape 60,000.00 10,000.00 0.00 0.00% 10,000.00 Desert Crassing Public Improvement 43,450.00 7,241.67 0.00 0.00% 7,241.67 Desert Willow-P#1 8,001,478.00 1,333,579.67 0.00 0.00% 1,333,579.67 North Sphere Infrastructure 26,555,050.00 4,425,841.67 4,260.00 0.10% 4,421,581.67 Desert Willow P#2 14,955,641.00 2,492,606.83 196,592.59 7.89% 2,296,014.24 P#4 Street lmprovements 1,011,129.00 168.521.50 1.446.40 0.86% 167,075.10 Desert Rose � Air Quality Management Office Equipment 5,000.00 833.33 323.24 38.79% 510.09 Land Purchases Housing Subsidies - AHA Housing Subsidies 4,300,000.00 716,666.67 0.00 0.00% 716.666.67 Desert Rose Subsidies Decline in Value on Inventory Held For Resale Payments to Other Govemmental Agencies 6,978,400.00 1,163,066.67 0.00 0.00% 1,163,066.67 Bond Issuance Costs Bond Discount 5 lnterestAnd Fiscal Charges 10,622,000.00 1,770,333.33 1,956,267.13 110.50% (185,933.80) 5 Principal Payments 2,430,000.00 405,000.00 675.000.00 166.67% (270.000.00) TOTAL EXPENDITURES 84,243,508.00 14,248,918.00 3,233,940.99 22.70% 11,014,977.01 'TAX INCREMENT REVENUE ARE USED TO PAY DEBT SERVICE PAYMENTS. 1 Taa I�aamm�b paitl in Jen anE May of eaM year. � 2 Most interesl revenue is besM on inveslmenls helA and is recadetl at maturily. 3 RNmbursemMLs ere receivaE et verlous Ymes OurinO��e yeer. A ONer Revenue I5 receivetl et varlas times dunn0��e yeer. 5 Pnncipe181nlerest pymis paitl in July are br August 1 EeEt service. 6 .. .___. .... .__ _..... • i� o o< � � a i�o?o n z 4 g n 3 x m 9 • O 'u � m o�'O D�. D��o Z og��m�O� $ m 3.� ti m 3 � -� n� O� � m � � � a ° m n o a � g� .H � � c o � N O 3 � ��o � BAd��c � ga��FIXa �' m� kmndp g� 39Nm Amm � o � o y�' nmm �p � m .m a�� T.��. m Om� '^ N 'T '� 'm' ''o � s a S D� fn� �' J�no m �� .. O�mm mm3�� nS m�? 3m 3�=�G rcum m� �2 � n I`il �� 9�� Za n R � �c(A�' � a m �m 4�w o�'ry 3 '^ 2 >I�HA � � ,� � � � '�D � �� c F �m a� n� R m 3 m m a y o ti �p p d p N� 3n m N $ � $ u' 'Yn � 0 R '(iy �� N m �'�M3� Q P 3a Tp� n09 � A m 9 m m � ��Z�9 � n � �. Q 4 1 111 9i m u� ��(ajy � � �� K 1�� S.�' � S � �I��. � �� '�� s s ; s� e � g � �s = m �S � � ��o �� m � � m w � � �,s se � � � �� N �� W � � m�� o� � 8 � m _d �8� 8� ; g � 1J N J m po G V Ol V qp� O{Jq JQ� (O NN Oo ]. N �m m p Op Np J TpJ� �o Op O W + V Vsi O O p W P ��O+W �r �......... ..V..... .... ...... ......... ......... ... .. .. .' . . . W N a N �j �.: ('p �� a�4 � � �8 � ��' 8SS 8 SSSB' S 8 88 w , - �, �, � � > ��' °' W o �� '� �'� � �o�o � � �,', � �' ppp p � S M 41 �I � 4f p O O p J J J N O 0 N N A s � � 3g� m m m v ,;� s �8000 000� � o0 ms�sss ssss � � so 0 � m� w o'n 'a =a m N Oi N � /pD� S (J O4 OI O� a ls0 T N Op Op O+ tyJ Op O�p J O>p O W N J N O O J (J O�O + S m S V V ........ ......... ......... ......... ......... .....".. ..... ....... ... ............ � �2fiL�g�&�'.�25m .Y$�_ aav s a�� g ��. ��b��' �. '�� -�'. s s�s��ae�s`s e� s �s s u ��u�.io��t".+� �� r.�i u °v m � ��=��w �8 Ss �� m S O�V J V S m O f�il O J O J J V J � 9 B ->_'9i ap� _b�Q" _FN3 a _r�°31y Pp3� a'a" � Oi N Op Op Op Op Sp Op Op Op �O� OJl N Op d ��a Of000000000 SA 4190 + N Ny{p Y+ y y � Np�u� JOI+�JOS�+(��yy+ q�p1ptpJ (W�yp +(p�N�py� Ney ^d ?� p O tJli\�4Ji+Op�qy�Wy WY� Op O Op m Op�l (O� 0m{J OO pl Op m J O �O Y V V V O�O 41 O O S O J W A N(�il O 0 O _. .. ._ _..... .. . . ..... . _.. . . . 0 0 o rn o rn o 0 0 0 0 0 o m o m O O O � O N O O O O O O O f0 O t0 . . . . . . . . . . . . . . . . y O O O N O N O O O O O O O O O O � N N O O O O m �p t0 f0 O W O a0 � F t�V N a O�i � ON1 N N N O O C.0 O O � O L CS IL a O O V � O O N �p O d a`. a 0 0 � �,.� o 0 m 'S � a a o a rn o rn V N � N N O ^ d � N f� O O O d ? a a � (O N � F C = v°'i vO1i o n n W _ � �i �p � � � � � . W M � � N N � � � a ¢ �o aW � � W � > > $ 85� 8 '` $ $ �Q'$ '8Q $ $', � � m .$�.5. . �o � g� $. 3'i $ S o r�i: Wao � �, tio N � o M � No �, W 7 � '� j � � n �. (MO. M NI m.. . O O W�. � WV � y m ..pj . N 50. . o N Qi . Q rc � ¢a � 0 w �- o � vl W U C � W � � F U J Q � a y � � W d � � Z O L � � d °i � U � W � � p t � 0 � ,��, a�'i � �� U' '3 U � � � LL W o U � �� d � � W � . � �c ai W U � y Q t (� � m x ' � a °� c � Vi > N � xo `�C � `� E a E � y m � W �m c N F '� $ � a � d a � m a K o � g N y Q _ Q W c � a � O I�- � �vi c � y vip a � .. � ' � � E a`� �- p ' � � n E a a � �i� F � � °' m 'd £ 2 E o m o m `o `o °' c f. � vir-� a9¢ aaaamm - a a u� ' PALM DESERT� IEVELOPMENT AGENCY �� , COMBINED STATEMENT O� :TUAL REVENUES&EXPENDITURES COMPAREDTO BUDGET . Aug_97 Capital Projects Project Project Projed - Project Capital � Budgef Area 1 Nea 2 Area 3 Area 4 Totals REVENUES � ' � Tax increment �� 0.00 Interest .1;174�;000.00 71,804.12 (8,635.81) 63,168.31 Sales of Properry 0.00 Reimbursement From Other Agendes 197,040.W- 0.00 Other Revenue - 4�U00��.00� (392.18) (392.18) TOTALREVENUES �'�;1',375�OOQ,QO 71,411.94 (8,635.81) 0.00 0.00 62,776.13 EXPENDITURES Adminishative CasLs 1,063,200.00 114,503.14 114,503.14 Professional Services �1,fi82;500.00 21,800.40 1,629.00 � 23,429.40 Planning,Survey and Design . 0.00 Property Tax AdminisUalive Fee 0.00 Cost of Inventory Sold 0.00 Capital Outlay Deep Canyon&Hwy 111 �.. 8,241.00 0.00 Parking-The Gardens . ,S,OOO�,OW.00 0.00 EI Paseo/Highway 74 7;719�.00 0.00 I-t0lnterchange � �.��250',000.00 250,000.00 250,000.00 Super Block III-Landscape � 60�,000.00 0.00 Desert Crossing Publie improvement �,43;450.00 0.00 Desert Willow-P#1 ��$,001�,478,Otl 0.00 North Sphere Infrastruclure 28,555;050.00 . 4,260.00 4,260.00 Desert Willow P#2 14,955,647.00 19�6,582.59 196,592.59 P#4Streetlmprovements 1,01�,129.00 1,446.40 1,446.40 Desert Rose 0.00 Air Quality Management 0.00 4&4.87 qgq,g7 Office Equipment 5,000.00 32324 32324 Land Purchases � 0.00 Payments to Other GovemmenWl Agencies 0.00 Interest And Fiscal Charges 0.00 TOTAL EXPENDITURES � 57,580,208.00.. 387,111.65 202,481.59 0.00 1,446.40 591,039.64 .. .. _._.... . . .. . . __..____ .. . . . . . 09/23/1999 City of Palm Deaert PM - 1 PORTFOLIp IMSTER SUFA1FiRY �ITy AUGUST 31, 1997 ACCRUAL AVERAGE ---YI6LD TO MATURITY--" PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOX VALUS PORTFOLIO TERM MHT[7RITY EQUIVALENT EQUIVALENT ' Fidelity Treaaury Poo1.......................5 6,310,665.00 6.90 1 1 5.329 5.403 Local Agency Inveetmen[ Funde................$ 13,996,010.46 14.']0 1 1 5.601 5.6�9 Paeebook/Checking Accounte...................$ 6,313,562.55 5.90 1 1 4.56'l 4.630 Federal Agency Ieeuee - Coupon...............$ 22,50'I,864.5'/ 24.61 1,043 813 6.190 6.2'/6 Tzeaeury Securitiea - Coupon....... . . . .. . ....$ 23,891,062.55 26.12 '/82 3']3 6.006 6.089 City Loan to RDA.. ............. . .. . . .. . . .. ...$ 19,000,000.00 20.99 2,192 1,399 5.462 5.538 __________________________"_______'"_______________________"____"____________" TOTAL INVESTMENTS and AVERAGES........... . .$ 91,969,165.13 100.00i 916 588 5.'/33Y 5.812i a �______:_______nnsa CASH . Passbook/Checking - No Yield Totale..........$ 592,209.53 0.000 0.000 (not included in yield calculatione) Accrued Interest at Purchaee.................$ 54].54 TOTAL CASH and PURCHASE INTEREST.............$ 592,]5].0] . . .�s�....�s��_____��_�_�_____:�`_`:a TOTAL CASH and INVESTMENTS........... .. ....$ 92,061,922.20 � MONTH ENDING FISCAL TOTAL EARNINGS AUGUST 31 YEAR TO DATE Current Year 5 463,202.03 $ 926,901.62 AVERAGE DAILY BALANCE $ 96,]43,434.86 $ 96,065,483.92 EFFECTIVE RATE OF RETURN 5.64R 5.68t � The inveetmen[ portfolio of the City of Palm Deaer[ compliee with ite Inveetment Paul S. Gibson Policy and the California Government Code aectiona pertaining [o [he inveetment Tzeasurez of local agencY £unds. Pending any £uture actions by the City Council oz any unforeseen ca[astrophy the City has an adequate cash flow to meet ita expenditure requizemente for the next eix months. The month-end market valuee DATE were obtained from Fizat Tzuet and IDC ➢aCafeed piicing aervice. � P�NIVFP s � 9 o �° � � THE MCCALLUM THEATRE THE BOB HOPE CULTURAL CENTER 73-000 Fred Waring Drive,Palm Desert,Gli(omia 922G0 Trkpbonc 7G034G.6505 F:)G0341.9508 E-Mait mccallum2palm-dcscrt.org WoddWi&Wrb:hctp://palm-descrcorg/mcrallum MEMORANDUM TO: City of Palm Desert Finance Committee FROM: Antonia Graphos, CEO McCallum Theatre RE: McCallum Theatre Status as of Fiscal Yeaz End July 31, 1997 DATE: September 23, 1997 Attached hereto for your review aze the McCallum Theatre Balance Sheet together with graphs and schedules designed to provide you an historical background for the Theatre's economic performance as well as higlilighting the Theatre's economic picture as of fiscal yeaz end 1997. These materials are provided to you in order to address concems your committee may have regazding the status of the City of Palm Desert's 7anuary 1997 loan of$500,000 to the McCallum and the Theatre's ability to repay the loan. Looking at the historical data, it is most relevant to note that, first, the Theatre has always operated with an annual deficit wtuch derives from the fact that only 60% of the Theatre's eacpenses aze covered by box office sales. Second, while the Theatre enjoyed several yeazs of outstanding private fund raising shortly after its opening in 1988, those private fund raising efforts have in recent years leveled off. The factors attributable to that phenomenon include, but aze not limited to, increased competition in the mazketplace, an aging of the Theatre's traditional donor base and rising costs of operations. Perhaps the most significant points to be addressed by your committee concem the Theatre's performance last yeaz. As you well know, we have suffered intense public scrutiny and some degree of scandal which necessarily affects public confidence in our organization. Despite the public questions, we believe that the cunent Theatre organization has come a long way in restoring public confidence and in fact, private fund raising, exclusive of loan�roceeds, exceeded our original budget expectations by approximately $500,000. Thus, you will note a rise in private support from fiscal years 1995 and '96. The relationship of public support such as that provided by the City of Palm Desert and Indian Wells with private fund raising is in our view best demonstrated by the Theatre's receipt in July of 1997 of approacimately $510,000 in�ck gift from a single donor. That gift was . � ��-�� TH E MCCALLUM TH EATRE THE BOB HOPE CULTURAL CENTER FINANCIAL RESULTS FOR THE YEAR ENDING JLTLY 31, 1997 AND HISTORICAL COMPARISON CITY OF PALM DESERT FINANCE COMMITTEE SEPTEMBER 23, 1997 THE MCCALLUM THEATRE � � BALANCE SHEET AS OF JULY 31, 1997 AND 1996 JULY 31, 1997 JULY 31, 1996 CURRENT ASSETS: CASH $478,138 $891,735 ACCOUNTS RECEIVABLE 28,973 19,389 PLEDGES RECEIVABLE 509,546 431,842 INVENTORY 198,553 198,508 PREPAID PERFORMANCE EXPENSES 58,335 0 OTHER CURRENT ASSETS 3,852 25,493 TOTAL CURRENT ASSETS 1,277,397 1,566,967 LONG TERM ASSETS: PROPERTY AND EQUIPMENT (NET) 13,610,575 13,930,258 CONTINGENT INTERESTS 160,161 160,161 INVESTMENTS 830,294 302,250 TOTAL LONG TERM ASSETS 14,601,030 14,392,669 TOTAL ASSETS $15,878,427 $15,959,636 CURRENT LIABILITIES: ACCOUNTS PAYABLE $205,032 $153,604 REVOLVING LINE OF CREDIT 391,000 400,000 OTHER CURRENT LIABILITIES 53,325 45,486 LOANS FROM DIRECTORS 0 96,805 DEFERRED REVENUE - SINGLE TICKETS/GIFT CERT 72,280 0 DEFERRED REVENUE - SERIES TICKETS 757,543 773,306 UNEARNED REVENUE = MEMBERSHIPS 139,000 179,350 TOTAL CURRENT LIABILITIES 1,618,180 1,648,551 LONG TERM LIABILITIES: MUNICIPAL LOAN 500,000 0 NOTES PAYABLE 2,500,000 2,500,000 CAPITAL LEASES 68,338 23,886 TOTAL LONG TERM LIABILITIES 3,068,338 2,523,886 TOTAL LIABILITIES 4,686,518 4,472,437 NET ASSETS BEGINNING FUND BALANCE 11,787,199 12,653,674 YEAR TO DATE INCOME (LOSS) BEFORE DEPR (5,245) (288,089) DEPRECIATION (590,045) (578,386) ENDING FUND BALANCE 11,191,909 11,787,199 TOTAL LIABILITIES AND NET ASSETS $15,878,427 $15,959,636 .-, � c � � � � '� � •� � � � � Y � � U � � E- LL � � � � n rn � � � � � � � � � � c � � � > � a� � � 0 M � � � i UL � � U � Nr � � � � L °' F-- 0 � m � � � I __�—_ �—._�___-1_ ! 0 0 0 0 0 0 0 0 0 � � � � � � � �s � suog�iW }a6pn9 ��nuuy Page 2. expressly given to the Theatre in support of the Theatre's current management and in recognition of the commitment to the Theatre made by the City of Pa(m Desert. Very simply, the City's support and confidence led to a major increase in private support. The stock received by the Theatre was subject to a redemption agreement which resulted in $110,000 in cash and a $400,000 note with interest payable at 8%. The Theatre's Finance Committee has worked with the donor of the stock to ensure that the first use of interest generated by the gift is set aside for payment of the interest on the Palm Desert loan. We recognize the concerns of some that the Theatre loan is unsecured. While we were unable to place the City loan in a priority status over our existing creditors, we believe that we have demonstrated our appreciation and responsibility to the City by securing payments to Palm Desert through the first available opportunity. The prognosis for the McCallum Theatre is positive, but much hazd work lies ahead, patticulazly adapting the Theatre to the current challenges raised by our unique community. We believe there is a fundamental role for the perfomilng arts in the lives of our citizens and we ' are dedicated to ensuring the future of the arts in the lives of those citizens. We aze grateful for the support of the City of Palm Desert and welcome the sense of community involvement the City support has inspired for our leadership. At this juncture, one can hazdly guazanty success, nor can we predict the collective attitude future of city councils as they evaluate economic priorities wittun the City and the McCallum Theatre's place in the priority scheme. Nevertheless, this organization is dedicated to working positively with the current City leaderslup and future councils to ensure a bright future for the McCallum Theatre organization in cazrying out its mission of promoting the value of the arts in our community. � � � W \\ L � '�+ CO � � W � j � / � � � � � � � � � � � � � � � � � � � U � V Q M � � \\�� ^, \ N W � O� � � � T � � vT O O O O N N d�' C�O 0�0 � fR ff� ff� �} �. .� � �. spu�snoyl �i�i�aQ THE MCCALLUM THEATRE FUNDRAISING BY MONTH FOR THE FISCAL YEAR ENDING JULY 31, 1997 BETTER DESCRIPTION ACTUAL BUDGET (WORSE) AUG $63,185 $60,000 $3,185 SEP 51,300 40,000 11,300 OCT 71,860 95,000 (23,140) NOV 108,401 125,000 (16,599) DEC 256,544 167,500 89,044 JAN 184,158 280,000 (95,842) FEB 106,105 107,500 (1,395) MAR 291,125 145,000 146,125 APR 264,021 160,000 104,021 MAY 131,732 65,000 66,732 JUN 536,656 40,000 496,656 JUL 86,869 15,000 71,869 SUBTOTAL 2,151,956 1,300,000 851,956 NEW PLEDGES 175,700 0 175,700 INKIND DONATIONS 93,897 0 93,897 TOTAL $2,245,853 $1,300,000 $945,853 _ _ , y�y��,w. �� "' » _� .� ¢ N t W S L [ l T E R O F I H C M c [.l A I. L 1.1 M 1 F-I 1- A T F P - P A I. I I B 9 / Visit by England's Royal National Theatre Company To Highlight McCallums lOth Season �, C.�U i •�t n ��I�E i 7 ' _��.. �., • The RoyrAf NatfonaL Theatre wi1l be in res(- we choose to make our American home in a "he I,,m 'hf �c dence aL Oie McCalLum Theatre jor approxi� community where we ca� have real irnpact. ntaLeLy ten days, drawing u�orldwide atten- particularly on the children." 4 Ouatton went lo press, details were tion(o the commun[ty as wefi as oisitors from being finaliz.ed for a very specia] across the UriiLed States. Clearly, lhe Roya] NaLional Thealre McCallum Theatre event during otar Company can have a much more dramatic effect in a smaller city than tenlh aniversary season. In Mazch 1995. in . /n coijuncLlon wifh the Royal � ��; ,�r., they can achieve in a metropol- association with the University of Caiifomia- Na(�ionai Thealre's v'usit, tlie ,f � {j"1, iffin area. Bringing all oC the Riverside, lhe McCallum will proudly pre- Unioersit o CaLt omia ��"�- sen[The Royal Natlonal Thealre Company of y � J wmponenL in[erests togeLher Riuerside will present educa in a way that makes sense for Wndon -- their only United States appcar- Lional worksho s and semi ance nest ear. p everyone has been, and will no Y nars inooluing the Company's doubt contirme to be, a major actors. direc[ors. and technical ehallenge for the MeCallum As if [hat isn't epe- sta 74tese u�ill in fum be cial enou h, check �' organiaation as wel] as the g uideo-linked to Ihe enHre Univereity of California- out the other excit- Uniuersit o CaLi ornia schooL ing elemente being s stem. � � � Riverside. lanned for lhis y P Nevertheleae,it is one we invesk international hap- enin �AddilionaL educa(ional oppor in with great enthusiasm and P g' pride. Just think, this ie a real tunities wiI! abound in the • A community-wide community, iruluding master opportunity to create an annu- classes with Royal National R�5e1��°�m°^,�°°��^5`��'An°' al witural evenl that will put festival of Brittsh cu4 powl Nono�al rl��n�C�mpa�y our community at the foreCront ture is under consid- Theatre perfornters, special ro,,;G�aphos programs for children in of the perFortning arts on the eration by a coali[ion international levell o_f Coachella VaUey business, education, 9rades K throiu�h 12, and a uanety of asso- media and arts organizations. ciated publlc lectures, demonstrpttons and exhibi[5. I invfte you to experience Lheater as you have never eacperienced it betore. As the TNE RETYRN OF '�he project was originally eonceived by the Royal Nationa] 'I9ieatre's firsL director, Sir �� late James A. Doolittle, the great general �urence Olivier, so aptly said at its incep- ma�ager of the Southem CaliComia Theatre tion, "'IY�e aim of the RNP is to bewme the �'� finest in the world." Association. He began working on it in July 1996, but with his widely mourned death in Wall 6efo�e ihe McCallom opened to greal fanFore on February 1997, shortly before his scheduled Under the inspired leadership of its new Jonuary 2, 1988,�he theoite's plonners and fund rolsers trip to London to flnalize the myriad of director, Trevor Nunn, the Royal National storred o newsleire� mlled OwNon. Desgned to details, the project was temporarily side- Theatre ie conUnuing in that role, reaching e��o��oge :�ppon�o� ihe ih�o-e, �i�om��ed io be tracked. out to touch all of us in the Coachella Valley pubfrshed 4or o ttme aNe<<he openmg, bm e�enmally so that we may discover the awesome power wos supplonled by other newslenars or bulleiins. However,thanks to the ineredible vision and of the performing arts, here, in our mmmu- leaderehip of Chancellor Ray Orbach at[he nity -- at gour theatre! The McCollum Theone Is resumirg publicoGon o(a reg University of CaliCornia-Riveiside, the pro- vlor newsletter,and we ore revlving Ihe name Ownon ject was iebom as a joint piojecl of the f«'ir in honor of the almral ond mmmoniy leaders who McCallum and the Univeisity. Officials of INOVATION: made the McCallum o reallry. lhe Ro al National Theatre ehare our hope Y" American Musical Comeback u wlll be pu6lished four nmes a yeor fo�ihe benaPi o! Lhat this wili be Lhe first of an annual resi- , , , , , , , , , , , , , , , , , , , , , , ,Page 2 the�heatra's fo�nders o�d benefa<ror:,our su6scdhers, dency f'or the Company aL the MeCallum members of the PresldenYs Club and ihe Pamily CIo6,os Theatre. 71�eofre Streamlines Operations well as The Muses 100 and Pa�roness Cirde. We hope � � � • • • � • • • • � � � � � � •PO9!3 you will enjoy Ovanon. Roger Chapman, touring director of the Summer Cam Launched Poge 3 '�H� �,f„ Royal Na[ional Theatre, visited the P , , . , Q�s �'� McCallum in July 1996, falling in love with ' the thealre and the uniqueness of our com- Bowling Tournament Fund Raiser HeMcCn�wMTnenrae munity. As he pointed out to us on that . . . . . . . . . . . . . . . . . . . . . . .Pf1gB 4 .�eeoeHorewv,uwuceN*ere visit, "We can go anywhere in the world, but ,� ^. American MuSical Staging Cameback! by Charlle Gloio Dlrecfor of Arllstic Programming The McCallum Thea�re ecenUy I had the opportunity to revisit cent score that is as much American Opera out and proclaim that Chita will once again RNew York, the place of my birth and as American Musical Could it be? Could win a Tony for her pedormance in the show that of the American musical. I men- Broadway once again be blossoming with we are bringing to the theatre in November tion the former only to give you an original new, home-grown this year...yet another reason to become a idea of how reassuring it was for works7 The answer to that is, McCallum subscdbei! me to witness a renaissance of "Pou bett" The American that great city and the revitali�a- Musical IS back, and thaPs good The eooner you dq the better your seats tlon of an American presence on news for those o( us who live will be(or the 1997-98 line-up as well as the Broadway. beyond the Big Apple. future seasons which ehould prove to be unsurpassed in the field of original musi- Today the city is cleaner, safer and Beginning in 1998, a number of cals. more impressive than ever. these ehows will be touring the Midtown, Times Square, the country-and,we hope, lured by So take a tip Crom a native New Yorker who Theatre District and Broadway the glow o( the McCallum fool- many years ago was lucky enough to see would do our origina] Yankee lights. For that reason, my bes[ new American musicals before they became Doodle Dandy, George M. Cohan, Chod��a G�o�o advice to our patrone would be the revivals of today. As good as they are proud. Up and down the Great to hold on to their Showstoppers the second Ume around, nothing takes the White Way one can witness the likes of and Theatre series seats. "Steel Pier," 'The Ufe," "Ttitanic" and "Bring ( On Da Noise, Bring On Da Funk" — all And it you're not a sub- ;� ecriber— become one. IL �� brand spanking new, nomrevival, loe-tap- '��`� ping, tuce-humming American musicals. may be the only way you ;, , can catch the national � To be sure, some are better than others,but tour of some of these � t in all cases they possese a qua11Ty that is shows urtthout having to � �-, _ unique to our country's theatrical herilage. suffer the sl�ngs and They are able to make us cheer while break- arrows ol a drive to Los ing our hearts at the same time. Onlike pre- Angeles. vious offerings from our British cousina - across the sea thie new crop of musicale "rhe excitement of seeing a : relies lese on staging and special effects Broadway musical before �" ' than on music and choreography. it hits New York is yours ' dUCOIg 011L 1997-98 CCTIt}1 The�nner oF ihe 199�lony Awa.d for Bes Naw Musicol,'T�imnld Is pan of a welmme reswqenm It everything from lap to jitterbug is your anniversary season with �f a„�ar��oo m��om. ii yo�a�e n�,�Af��e io New Yo�k r�kei��fo�ano��5 a�o�loble by�alo„g BOP thing, don't miss "Steel Pier." If you are "Chita & All That Jazz." �Ssa000. stlrred by gospel singing which depicts the Since attending the Tony hope and trauma of urban life, see "The Awards this year and successfully predicb place of being in on the birth of an American Life." �en '"fitani0."which would be enti- �ng lhe winnere of Best New Play and Best Gassic. If Broadway continues its current Ued to wow us with special effects, prefers New Musical ("The Laet Night in Ballyhoo" trend,we have a lot to look forward to in the instead to find ite in8plration in a magnifl- and"1Ytanic,"respectivelyJ,I'll stick my neck years ahead. • McCallum Hosts PBS Speclals �egacy, swinging along with the classic songs he and his clarinet passed into Big Band legend, indudin� "Sing, Sing. Sing," The national spotlight shone on the Argentina" from Evita, "I Dreamed The "�Ye Dance," " Don't Be That Way." "More MeCallum eartier this year when the theatre Uream" from Les Miserables, and T1�an You f{now," and "Blue Skies." was the eite for two television programs pro- Everything'e As If We Never Said Goodbye" duced for PBS, An from Sunset Boulevard- Televlsion star Ed MeMahon serves as the Evening with Patti just some ot the songs host of lhe special, which includes a show- Lupone and Benny she has made(amous in stopping pedormance by vibraphone master Goodmads Greatest roles she created. Lionel Hampton, and outstanding turns by Hits. The Lupone pro- clarinet virtuoso Richard Stoltzman, singer gram wae videotaped in Between sensational Patti Page, the Angeles String Quartet, and January, and the _ ienditions of her signa- Abe Most conducting the Benny Goodman Goodman show, a ture material. as well as Tribute Orchestra. r salute to the "King of a s greal pop standards, �� LuPone briefly remi- Because the wste of the show were bome by Swing,"in June. ,{;�`. , nisces about her award- the television pmtluctlon company and the Both shows began air- Nmn io�o� RP��y Goodmo� winning performancea theatre wasn't required to sell tickets, the on the sta es of New McCallum turned the event into a ealute to ing last month on PBS g statlons across The country. Additional York and London. Her four-night series oC Coachella Valley volunteers. Hundreds of broadcasts are planned for later in the year appearances at the MeCallum were sold out. volunteers from sueh organizations as The (check local liatingsl. 'IWo of Lhe shows were taped, and then edit- Mu eum�Ameriean Red Cr ss��Unit d Way cd tobether for the final pmgram. An Ebening wlth Patti Lupone is a ceiebra- of the Deseri. Foundation for the Retarded tion of the Broadway star's distinguished Henny Goodman's Grefltest Hits pays o( the Desert, and the Riverside County stage Career. It i�cludes "Don't Cry For Me, homage to Goodmads talent and musical Office on Aging attended the event tor free. PA6E Z OYAiION �. �•� � � "� B owling Tournament Fund Raiser Planned In what ie likely to be� sezn by some as a depar- ture from its formal image, the McCallom Theatre will stage an all-� day bowling tourna- ment and party to raise funds for the non-profit performing arts center. The even�, called "Bowling for Bucks," takes place Saturday, Octnber 18, at Palm Springs Lanes in i Cathedral City. Doug Hosner, marketing director at the McCallum McCallum, said the promotion is the second Invitatione to the toumament have been to be announced under the McCallum's new mailed to 2,500 businesses and organiza- Markeling Parinerehips Pmgram, which tions throughou[ the Coachella Valley. Tickets Worth seeks to involve azea businesses in support 77ie Loumament is open to adult men and for lhe theatre. Earlier this year the women. Entry fees start at$150 for a team McCallum negotiated a three-year promo- of four, and the deadline for entdes is $10 in Spotlight tional arrangement with United Hirlines to September 19 Team fees are tax help offset the expense of bringing perform- deductible as allowed by]aw. ers to Che theatre "Webe been wanling to create a new event 29 Match Play �e couldn t be more pleased with SpoUighl that would be dramatically different than 29's mmmitment,"Hoener said. '9Ye a won- our a�nual blaek-tie gala," explained derful example o[how we can partner with a Antonia Graphos,McCallum chief esecutive Starting in October, the back of the local business in a way that beneflts both of offleer, "and we wanted to break away from McCallum 'Llieatre's tleket stubs given to us. When you consider that the theatre has ffie more lraditional thing like a golf tour- theatre goers will Ceature a certificate for an annual budget deficit of neazly $2 mil- nament. Bowling for Bucke is going to be a malch play Blackjack at the Spollight 29 lion,we have to take advantage of every rev- liLUe bit cPazy and a lot of fun." Casino. "Ilie Coachella casino has entered enue opportunity we ean find. The into an a�reemenl to put the certificate on Marketing Partnership Program is one of our In addition to the tournament itselt, the im ortant vehicles foi that et7�orL" evenl will indnde enteRainment, a all 225,000 tiekets Lhe theatre will print for P Karaokie contest,door prizes,and live radio its 1997-98 tenth anniversary season. Coincidinp with lhe introduction of the broadcasts by KPS4FM Power 100.5 and Each certificate will be worth Spotlight 29 promotion, the McCallum will KDES-FM,joint sponsois of the event with $10.00 in Spotlight 29 _ also roll out a eolorful new, the theatre and Palm Springs Lanes. Blackjack games when �'�' , .� overall tieket design in "Wacky pcizes" will be awarded for craziest maLched with $10.00 in eaeh � � October. Since ending its rela- team name,best designed team ehirt, Leam by a player plaein6 a betl If i � ,� � tionship wiLh "IYcketmasler, as and individual ecorea and other activities. you are delt a winning hand, �� armou�eed in a July mailing to Participante also will enJoy free hamburg- � you also wi71 be eligible to win 1,��', all theatre patrons, the theatre ers, hot dogs and ice eream sundaes. other priaes available in the ��=.� ' i�l now controls the look and \ casino's player pool, including � information presenTed on the Rick Daniele and Kay Hazen of Mine new cars and cash bonuses. C O tickets. Reclamation Corporation are serving as The certiflcates will be vatid honorary co-chairs for Bowling for Bucks, for use until June 30, 1998. Spotlight 29 Casino is located at 46-200 and their tournament eommitLee includes Harriso� Place in Coachella. Easily visible Dave Baron,17aCy Daly,Terry Green, Steve "We're delighted to do this," said Juan Irom US Highway 1Q it is approximately a HoBma�n, Mark Matthews, Diane Matzner, Delara, SpoUight 29's mazketin�* manager. 15 ntimrte drive from the MeCallum Mike Rembis and Terry Weiner. "IYs a great way we can help the McCallum, Theatre. and at the same tlme enjoy a SignifiCant For more information about fhe tourna- business beneflt by getting recognition wi[h V ISIT MeCA�LUM ON ment, or to request an invitation, call Lots the theatre's huge annual a�a�ea�e.�� TN6 INTERNETi Giannopolusat346-6505. Delara indicated the caslno also plans to purchase a number of season series tickets h1tp:��pQ�m-de52fY.Ofg�mCCCI��Um as giCts Cor its VIP customere. PA6! 4 OVAiION ..'.. . - � . •1 ) � eacperience. The groupe C �1��n S included several rep- 1 11 .. utable Camily assistance SUlllill�rl �(,�j j j� agencies of Riverside � ;�+ � County, Shelter from the Storm, AmeriCorps, and Debuts AT�each, a non proflt art center in Indian Wells. A children's sum- "We're planning lo make �� .� mer camp debuted this an annual event," � h � t . at the McCallum said Kajsa Thuresson- Theatre in July,the Frary, MeCallum educa- first in the per tion coordinator and forming arts cem Imagination Station's ter's history. Called creator, "and we will . "I m a g i n a t i o n advertise it to the public �'�,�, .� + Station," the camp nead year. We will also featured two one- eYpand the program to Week 5C99iOt13 j0[ aCWmmodate moYC Chil- Compeu o d� r uciou 4om ihe inougurol sumrr cmp's secmd sersion wnd up Iheir wcr�k m�ith boye and girls 8 to 3 dren than Lhe 60 we had o g�o�a ohoio��I�om ol il,P n�og��ono„S�ono�soi��aoied ey;I,A�h��ldre�. 12 years of age. No p this summer. previous art or tke- atre training was Kajsa ih��o��n�y "Imaginatlon Station is not performance-dri- The ob]ective of the camp,'I9iuresson-H7ary required. ven," she commented. "Our curriculum noted, "ie to help the children explore their emphasizes the day-to-day creative joumey imaginalions, and to provide meaningful, For Lhe inaugura] camp, the theatre worked and not the destination. It includee music, crealive and fun experiences while develop- with local social service and noo—pmflt drama and dance workshope, and [he chil- �ng emotional intelligence, self-esteem and groups to make the program available fore- dren will learn about set-bWlding, props, teamwork." most to youngsters who had not had a camp lighUng and sound, too." New Operating Efficiencies at Theatre ey ea�dy�,ayb��i C��ecio�of Fr,a��e a Fa��l�r�� We have taken necessary measures inter- Other highlights o[the McCallurzi s stream- �he McLoli�m iheahe nally to help offset thie ehortfall by reducing lining: eacpenses and improving operatin�, eHicien- erhaps the greatest challenge The cies. More than$300.000 in expenses were MeCallum Tt�eatre faces each year is eliminated al Lhe start of the 1996-97 sea- �NearLy$20.000 will be saved in the ner[Jis- obtaining the funds to cover lhe costs of son, and further reductlons were achieved m! year by restructurvig the medical pfan its operattons, in additlon to the throughout the season through auaiAable to theatre empioyees—while actu- artist fees and pedormance-relal- �y careful examinatlon of theatre ally improuing the Leuel of indiuidual bene/its. ed expenses. Like other non-prof- operations. it theaters, the McCallum contin- �Soufhern Calfomia Edison is working u�ith ues to face increasing costs for The mos[ strategic change was the theatre to reduce our annuaL eLec[ricfty presenting the per(orming arts. made through the acquisition of cosLs by $6,500. SCE is sh�ing our peak an in-house ticketing system, usage rates to the months that the[heatre is Most people are surprised to leam which replaces Ticketmaster. "dark"(noL presea[ing productinnsl� that ticket eales do not meet Lhe This measure eliminates annual financial neede of the theatre. fees exceeding$15,000. The eys- � Our marketing deparGnent negotiated a 3- Ironically, the McCallum pedorms tem was purchased from dona- year sponsorship arnangement with United better than most other non-profit tions provided by our Board of Airlines tha[ is proJected to saue the Lheaters. We presen[ the finest "I7ustees. It will significantly McCallum more than $75.000 in trn�el perfor[ners in the world at or enhance linancial controls, cus- expenses to bring perjormers to the[heatre. below market ticket prices vrith an kp°dy Gmvb��ll {omer service,and the processing average 79% oecupancy rate vs. a nattonal of annual series sales. . � A cqsh management system u�as impir average of 59%. Still, ticket sales account- mented to optimize how theatre junds are ed tor only 60%of the revenues needed dur- Department managers have reassessed inuested on a day-[oday basis. In essence. ing the 1996-97 season. The primary rea- sta(fing and use oC oalside services. the iheatre maintains a zero cash bNance in son is that the nature of our business is Substantial savings have been made in both al1 o_f its operating accoun[s. Excess monies similaz to that of higher education-- if com the maintenance and accounring areas by are transferred on a daily basis to pay down sumers were charged the real cos[, no one consolidating job functions, simpli(ying pro- fhe bank Line of credit,or to pu[in iweshnent could afford it cedures, and eliminating outside services. acmunLs. It is no[possible to eimply do more showa to We saved$25,OOQ for e�cample,by replacing make more money. Our market size and the theatre's outside janitorial service with ns we begin our 10th anniversary season, seasonal nature won't support more presen- e�cisting staff. Neady $10,000 has been the theatre enters a new era. We are excit- tations than are offered at present saved by negotiating with the landscape ser ed and pleased with [he progress of this vice to donate the plants needed for biannu- past year in reducing eacpenses, and we]ook We are able to generate some added revenue al tlower changes. to the coming seaeon as an opportunity to by renting the facility to corporations and explore other ways to refine and improve other or�anizatlons. Rentals provided an Additional savings have been made in the theatre operations - to help us contlnue additional 6.5% o( the 1996-97 operatlng accounting department by mnsolldating job presenling lhe finest perfoimers in the budget. Much oP the remaining shortfall, Cunctions, automating mundane tasks, world at or below market&eket prices. nearly$1.9 million,was raised through pri- using an outside payroll service, and not vate donations and public funding. replacin�staff lost throu�h attrition. OYA110N ��-� - � MO( :i