HomeMy WebLinkAbout05 NOVEMBER 1997 AGENDA
INVESTMENT & FINANCE COMMITTEE
WEDNESDAY,NOVEMBER 19, 1997 — 11:00 A.M.
NORTH WING CONFERENCE ROOM
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L CALL TO ORDER
VF.RONICA ABARCA
II. ROLL CALL
III. APPROVAL OF MINUTES
Rec: Approve the_Minutes of October 15, 1997, as submitted.
Action:
IV. ORAL COMMUNICATIONS
A. Any person wishing to discuss any item not otherwise on the agenda may
address the Investment & Finance Committee at this point by giving his or
h�r name and address for the record. Remazks shall be limited to a
maacimum of five minutes unless additional time is authorized by the
Chairman.
B. This is the time and place for any person who wishes to comment on non-
heazing agenda items. It should be noted that at the Investment& Finance
Committee's discretion, these comments may be deferred until such time
on the agenda, as the item is discussed. Remazks sha11 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 Partnershins Bac round Checks for
cti n 4
Rec: Report by Cazlos Ortega.
Action:
B. Alden Capital -Redwood, Kinsel.O'neal. Newcomb & De Dios
Markets
Rec: Status Report on refunding bonds.
Action:
AGENDA - INVESTMENT & FINANCE COMMITTEE NOVEMBER 19, 1997
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VI. NEW BUSINESS
A. Citv and Redevelopment Agencv Investment Schedule
Rec: Review and submit to the next City Council agenda. Review the
presentation on the investment graphs. Review the investment
activity during the month of August. Review status of capital
projects and cash flow projections.
Action:
B. Review Short Term Investments Maturing in December 1997
Rec: Review investments in 1) collateralized deposits; 2)treasury bonds
and notes; and, 3)Agencies discount notes.
Action:
C. State of Califomia Local A�e� Investment Fund Monthly Report
Rec: Informational item for the Committee to review. No action
required.
D. Mon �y Financial Report for Citv Council
Rec: Report and submit to City Council.
Action:
E. Parkview Professional Office Buildings - Financial Reports
Rec: Review of 9/30/97 and 10/31/97 financial statements.
Action:
F. Desert Willow Golf Resort Financial Information for October
Rec: Review and file report:
Action:
_ r'�
�-T-� • �.
� � M�nutes
j
Finance Committee
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CONVENE On October 15, 1997, the Investmen'�'_;$� Finance Committee
was called to order at 11:12 a.m. by; ; Gibson.
ROLL CALL Jean Benson, Richard Kelly, Ray Di - Dave Erwin, Paul
Gibson, Murray Magloff, Bill Veazie;; arlos Ortega, and
Veronica Abarca, recording secreta 6"
Guest: Dennis Coleman, Redevelo t Agency
APPROVAL OF MINUTES Upon motion by Ms. Benson, secon " :by Mr. Magloff, the
Minutes of the September 23, 1997'' r eting were
APPROVED as submitted.
ORAL COMMUNICATIONS '`:� �`
OLD BUSINESS A. P li ivate i Ba k ro nd
Checks for Section 4 i�'
Mr. Ortega reminded the committee t�at a background
questionnaire was sent to the devel � r of the Marriott
Properties. The questionnaire has ` et been received. Once
received, a meeting with the subco ee will be held to
review the questionnaire and reco ' ndation will be made to
the finance committee.
B. I n a it I - R wood c ' Kin I O'n al
Newcomb & De Dios Markets
Mr. Ortega reminded the committee #he proposal, previously
presented, to refund two or three as sment districts and a
community facilities district. The com ittee authorized staff to
proceed with certain conditions. 1) , ''net present value be
3%, and 2) the consultants hired, b ' red conditional, upon the
sale of the bond issue. Both conditi ' at present have been
met. Based on the present numbe ` net present value will
exceed 3% and the consultants hav I agreed to the
conditions of the City. Staff is prep` to put documents on
the Financing AuthoritieslCity Cou ` enda for October 23,
1997.
Minutes
Finance Committee
Mr. Gibson stated some concerns regarding this issue. Mr.
Gibson's first concern dealt with the bond disciosure information
. specifically the undeveloped properties. The wording of the
official statement says we will be using the appraised value by
the County Assessor's office, however with the current market
in California going down and with the number of delinquencies
in the Sun Terrace Assessment District it represents a major
issue for any bond holder buying the bonds. Mr. Gibson
believes that we should have a reappraisal of the properties
within the assessment districts. He also questioned whether we
should disclose the history of each of the properties within the
districts.
Mr. Coleman responded to Mr. Gibson's concerns to say that
there usually isn't a reappraisal done with a refunding of a bond.
He then stated that Sun Terrace may not be included in the
refunding based on their history of delinquency which totals
approximately $76,000. Mr. Coleman stated that there are
assessments owed from Fox from the fiscal year 1995/1996,
1996/1997 and Barnerfor 1996/1997 according to Muni
Financial Services, Inc.
Mr. Coleman stated that based on the foreclosure proceedings,
staff will decide whether or not to proceed with the bond issue,
including Sun Terrace. However, despite the fact that it is
included in this bond issue or done separately, there is a need
to work on this assessment district regardless.
Mr. Coleman stated that they are currently considering
capitalizing qn the delinquencies to resolve Sun Terrace's
current state.
Mr. Coleman stated that he would look into Mr. Gibson's other
concern regarding the disclosure statement.
Mr. Ortega stated that with an assessment district in default,
they will review that assessment district and determination will
be made on whether it will be included in this refunding. Mr.
Ortega also stated that if the City was not able to foreclose in
time for this bond issue, it would be recommended by staff to
not include Sun Terrace. Any other issues Mr. Gibson may
have will be looked into, however at this point the analysis
shows that it is feasible to do this refunding with the attorneys
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Minutes
Finance Committee
blessing on the disclosures, staff will recommend to proceed.
. Ms. Benson stated that she would like Mr. Gibson to be
comfortable with the deal prior to proceeding and if the City is
not behind the refunding it worries her.
Mr. Diaz asked Mr. Gibson to provide his concerns to the RDA
staff so they could address his concems prior to
recommendation.
Mr. Gibson also was concerned with the "pay offs" of
assessment districts, in which such a refunding would impact
the reserves of those who have paid off their assessment fees
such as Big Horn. He also stated that in his last conversation
with Mr. Joe Curtis of Bighorn, he said they may not be
interested in refunding the bonds.
Mr. Ortega stated that based on the proforma, he has given his
blessing. �
Mr. Coleman stated that it is staff's intention to meet with the
people from Indian Ridge and Big Hom to review the refunding.
Mr. Diaz stated that he would like to see a letter from Big Horn
stating their position on this refunding.
Mr. Veazie wanted to clarify that none of the general fund would
be used in the refunding, only the assessment districts and
community facilities district funds would be used in this
refunding. Mr. Veazie also stated that he appreciated Mr.
Gibson's concerns in relation to the refunding.
Mr. Coleman stated that this was just the very first draft of the
official statement. Mr. Gibson responded that some of what is
included in the statement had raised flags and would like those
to be addressed prior to proceeding with the refunding.
Mr. Diaz stated that staff has requested there be an add'rtional
financial advisor to review the documents of the refunding. Curt
M. de Crinis had been approved by the City Manager, however
prior to getting council approval, Mr. Diaz is researching the
lawsuit against him by a water district up north. Mr. Diaz
recommends staff use Mr. de Crinis, after speaking to various
agencies using his services. The litigation with the water district
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_ _ _
Minutes
Finance Commfttee
is very different from that of the City and Mr. de Crinis is sure he
is going to win the case. Mr. de Crinis has done an exceptional
. job in the past with various City issues and providing solutions
to complex problems.
Mr. Diaz recommended that staff stay on course with the
refunding and follow up on concerns Mr. Gibson has and that a
copy of the concerns and answers be forwarded to the
committee.
NEW BUSINESS A. Citv and Redevelo�ment Agency Investment Schedule
Mr. Gibson reviewed the schedules notating the new page
including an explanation of the change column, per Mr. Diaz
suggestion.
On the RDA's Schedule, Mr. Gibson pointed out the SLGS
affect to the various graphs in the schedule. The SLGS which
include nearly $75 million have distorted the graphs since they
represent nearly half of the portfolio. Mr. Gibson suggested
doing two separate graphs one with the SLGS and one with all
other investments to get a better picture of what the
investments are doing.
Mr. Diaz stated that he asked for the additional explanation so
that the "ee�eryday Joe" could understand the schedules. He
was satisfied with the changes that were made.
Ms. Benson requested that the explanations be put on the back
side of the graphs.
Mr. Diaz would like staff to include an explanation of the
statement of interest earned by the City on the RDA loan, as
welL
Receive and file reports.
B. Review Short Term Investments Maturing in November
1997
Mr. Gibson stated that Indian Ridge Improvement funds have
been invested in fidelity. Staff has now received the cash flow
projections with improvements through 2002. �
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Minutes
Finance Committee
Staff is still awaiting a projection for ParkwesUGolf Dimensions
on the south golf course.
Receive and file Report.
C. State of California 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. Monthly Financial Report for City Council
Mr. Gibson reviewed the report and asked if there were any
questions.
Mr. Kelly had a question regarding the legislation passed which
allows the return of vehicle fines to the Cities, totaling $82
million from the State. Mr. Kelly wanted to know if there had
been any calculations done to estimate what might be returned
to Palm Desert.
Mr. Gibson stated that he had not yet received word from the
League of California Cities relating to the return. He estimates
around $20,000 will be returned to the City, based on what
originally had been taken away. The bigger cities which have
parking meters are the ones which will be more impacted by the
, return. .
Mr. Kelly informed the committee that the "League of California
Cities" is working to put a measure on the ballot in November of
1998, which would guarantee cities certain revenues that they
are receiving today will not be taken away in the future, as is the
case now. This will enable cities to be in a much better financial
position then in the past. The measure will not be to add taxes,
but to keep those which are already in place to run the cities.
Mr. Ortega stated that Sales of Property needed to be added to
the RDA Financial Report now that the deal with Intra West is
closed.
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Minutes
Finance Committee
Receive and file report.
. E. Parkview Professional Office Buildinqs - 8/31/97
Financial Reports
Mr. Gibson reviewed the report and reminded the committee
that the City would take over accounting services previously
performed by Oscar G. Armijo as of October 1, 1997.
An anal,ysis of the buildings was done by staff. In the 444
building there is a 25% vacancy, and in the 555 building there is
only a 8% vacancy.
Mr. Veazie asked what the vacancy rate at Desert Rose was at
present.
Mr. Orteya stated that there were 30 units vacant at present.
This, he stated, was both good news and bad news due to the
low number of subsidies provided. There will be some money
left over in which staff is going to quesfion legal aufhorities if it
can be used toward home improvemenf, otherwise we will have
to redeem bonds.
Receive and file Report.
F. Desert Willow Golf Resort Financial Information for
Se teo mber.
Mr. Gibson noted that the Pro Golf Shop "Cost of Goods Sold"
, shows the actual as ($12,340). That calculation is incorrect and
a DeseR Willow/Kemper employee has been asked to review
and give the correct amount. She has been on vacation and to
date, staff has not received a response. A revised report will be
given to the committee once it is received by staff.
Mr. Gibson stated that an additional page had been added to
this report which contains an "Analysis of Cash Requirements".
Receive and file Report.
G. Palm Desert Recreation Facilities Corporation Income
Analysis for Se�tember.
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Minutes
Flnance Committee
Mr. Gibson reviewed the report and asked if there were any
questions.
Receive and file report.
NEXT MEETING DATE The next Investment & Finance Committee meeting will be held
Wednesday, November 19, 1997 at 1]:00 a.m.
ApJOURNMENT _ The Investment &Finance Committee adjourned at 12:15
p.m. on a motion by Mr. Magloff and seconded by Mr. Veazie.
Respectfully submitted,
1�1�.fj7"�(,�1�_ �" �.t',� �.
VERONICA ABARCA
RECORDING SECRETARY
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r; Palm Desert Redevelopment Agency
1' PORTFOLIO MASTER SUMMARY
„ OCTOBER 31, 1997
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TABLE OF CONTENTS
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,� INVESTflIIfNT INFORMATION FOR ENTIRE PORTFOLIO
Portfolio Master Summary �
Inuestment Pnrtfolio Detail - Investments 2
` Investment Portfolio Detail - Cash 5
Pprtfolio Master Investment Activity by Type 6
lnvestment Activity Summary 9
Distribution of Investments by Type 10
� Interest Earnings Summary 11
' fnvestment Portfolio Compiiance Checklist 34
Portfolio Composition Description 35
INVES?MENT INFORMATION BY FUND/BOND
$100 Mfllion Bond �2
S17.5 Million Bond 14
52a Million Bond �6
S4 Million Bond 18
Low-Mod Set Aside Refunding 20 '
RroJectArea �1 • 1997 Refunding 22
1996 Desert Rose Series A 23
�996 Desert Rose Series B 25
Biythe County Court Administration Center 27
aedevelopment Agency General 2s
Self Help 31
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� PORTFOLIO MASTER SUMMP.RY RDA
OCTOHEA 31, 1999 ACCRUAL
. AVERAGE ---YIELD TG MATURITY---
. PERCENT OF AVERAGE DAYS TO 360 365
SNVESTMENTS 000K VAWE PORTFOLIO TERM MATURITY EQIIIVALENT EQUIVALENT
� Local Agency Investment Funds........ . . . . . . ..$ 13,169,448.8'1 8.61 1 1 5.602 5.680
. Federal Agency Issues - Coupon.... . .. . . . ... . .$ 12,114,40].21 9.92 506 135 5.935 5.815
� Fedezal Agency Issues - Discount.. . . . . . . . . . . .$ 4,864,952.'1B 3.18 181 149 5.530 5.606
Ti'easury Secu[ities - Coupon.. . .. . . . . . . . . . . ..$ 11,304,968.53 ].39 532 154 5.'160 5.840
Staee & Local Gwt Series.. . . . . . . . . . . . . . . . . . .5 9,36a,8a8.00 6.12 692 600 0.000 0.000
Sta[e & Local Govt Series - Coupon. .... .. . .. .$ 66,929,662.Oo 43.43 1,")28 1,628 5.]60 5.N90
� Fidelity Treasury Pool.. . . . . . . . .. .. ....... ...5 35,%29,083.00 23.35 1 1 5.348 5.422
____'___'_""____"___________"__"___"___""________"'"____'"_____"_"_'__""______
TOTAL INVESTMENTS and AVERAGES... ..........$ 152,975,190.39 100.008 8"/B '171 5.288& 5.362&
CASH
Passbook/Checking - No Yield Tota19. . . . . . ... .$ §5,245.29 0.000 0.000
. (no[ included in yield calcula[ions)
. Accrued Trtterest at PUYCha9e.. . . . . . . .. . . . . . . .5 7,663.Ofi
_"___"_____________________'_____'_"__""'_'_""'""__""'__""'_'_'_'_"'_
TOTAL CA>H and PURCHAS& FN'1'ERBST. . . . . . . . . . . . .$ 52,908.35 �
TOTAi CASH and INVESTMENTS.. . ........... ...a 153,028,0]8.04
MONTH ENDING FISrnl
TO:AL EARNINGS OCTOBER 31 YEAA TO DATE
Cur[en[ Year $ Ei91,368.14 $ 2,555,691.38 .
AVERAGE DAILY BALANCE $ 151,]80,389.93 $ 139,96],218.36
EFFECTIVE RATE OF RETORN 5.368 5.499
The investment portfolio of the P.D. Redevelopment Agency complies with its ..
Paul 5. Gibson Investmen[ Policy and the California Government Code sec[ions pertainin9 to [he �
Treasurer . investment of local agency funds. 2ending any fueure actions by the Governing �
Board of the Agency or any un£oreseen catastrophy, the Redevelopment Agerzcy has
adequate cash Elow to meet its expendiCure requiremen[s for the nex[ six mon[hs. '
OATE Market values are from First Trust a IDC Datafeed pricing service. �,
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11/13/1999 PD Redevelopment Agency PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
OCTOBEk 31, 199"1 ACCRUAL
. INVESTMENT AVERAGE PURCHAS£ STATED --- YTM --- MATOR:TY DAYS
NUMHER SSSUER BALANCE DATE BOOK VALIIF� �FACE VALUE MAF2XET VALUE RATE 360 365 DATE TC MA:
___________"_.......__"'_"__""_.___"______________"-__-____""___'""_____-_"___'_ .'________"______________'_____________________..__
STATE & LOCAL GOVT SEAIES
19014 State & Local Gov[ Ser Secu 09/24/9"1 1,622,191.00 1,622,191.00 1,622,191.00 0.000 0.000 0.000 04{O1/00 082
19015 State & Local Gov[ Ser Secu 0�/24/9"/ 361,813.00 361,813.00 361,813.00 0.000 O.00U 0.000 09/12/QO 893
19016 State & Local Govt Sei Secu 09/29/9"1 158,2"IS.�� 158,2]5.00 158,2"I5.00 �.000 0.000 0.000 10/OS/00 1,069
19�1"1 Sta[e & Local Gov[ Sex' Secu 0]/24/5'J 12,656.00 12,656.00 12,656.00 �.000 0.000 0-000 03/29/O1 1,244
19018 Sta[e & Local Gove Ser Secu 09/24/9'l 1,664,999.OU 1,664,9'/9.00 1,664,979_00 0.000 0.000 0.000 Oa/01/O1 1,299
19019 State 6 Local Govt Sec Secu 09/24/99 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/20/O1 !,914
19020 SCaCe 6 Local Govt Ser Secu 0]/24/99 ee,ez�.00 BB,82"].�0 88,82�.00 0.000 0.000 0.000 10/Oi/O1 1,930
19021 State 6 Local Govt Ser Secu �9/24/99 12,656.00 12,656.00 12,656.00 0.000 �.000 0.000 C3/19/02 1,594
19023 State & Local Gwt Ser Sew 10/20/99 3�2,455.00 392,955.00 3]2,455.00 0.000 0.000 0.000 1:/20/9] 19
19024 StaCe & LOcal Govt Sei Secu 10/2"1/99 3R,1�2.00 3R,1']2.00 351,1'/2.00 0.000 0.000 0.0�0 12/23/9"1 52
�� 19025 State & Local Gov[ Ser Secu 10/2"//97 145,593.00 145,593.00 145,593.00 0.000 0.000 0.000 Oi/29/98 89
_________________ _____"'_' ..._-_ "___"_"_'""__ ______________ ____" "_'_'" '"_"'
SUBTOTALS and AVERAGES 8,816,044.94 9,3fi4,848.00 9,369,898.00
9,364,898.00 0.000 0.000 600
STATE 6 LOCAL GOVT SERIES - COUPON
19500 StaCe & LOCa} Govt Set Secu 00/24/9� 5�686�829.00 5�686,Bz'1.OV 5,686,B�"1.o0 3.x65 3.122 3.165 04/O1/02 1,612 �
19501 5[a[e & Local Govt Ser Secu 09/24/9� 60,"]42,83i�(1 60,'/a2,835.00 60,"/42,835.00 6.�90 6.009 6.090 04/18/02 1,629
_________________ _____"_'_"___ ""____'"______ _"__'__""_____ _'_"" '_'_'_ _"'_'
SIIBTOTALS and AVERAGES 66,429,662.00 66,429,662.0(1 66,929,662.00
66,429,662.00 5."/60 5.890 1,628
FIDELITY 1REASURY POOL
110�2 : Fidelity InstiCueional Cash "1,922,63"/.00 9,922,63].�� ],922,63'/.00 5.420 5.346 5.420 1
110�3 R Fidelity Institutional Cash "/51,333.00 051,333.00 951,333.00 5.420 5.3a6 5.420 1
110�4 E Fidelity Ins[i[uCional Cash z,625,692.00 2,625,642.00 2,625,642.00 5.420 5.346 5.420 1
11005 I Fidelity Instieu[ional Cash 1,56'1,291.00 1,569,29L 00 1,56'1,291.00 5.420 5.346 5.420 1
11006 R Fidelity Institutional Cash 21,080.00 21,080.00 21,OB0.00 5.420 5.346 5.420 1
11008 R Fidelity Institutional Cash 1,625,308.00 1,625,308.00 1,625,30d.00 5.940 5.365 5.940 1
13009 i Fidelity institutional Cash i,��o,089.00 1,'190,o89.o0 1,"n0,085.00 S.n20 5.356 S a20 1
11010 I Fidelity Institutional Cash 9,368,8'/8.00 9,368,8]8.00 9,368,8'/8.00 5.420 5.346 5.420 1
11011 R Fideli[y Insti[utional Cash 1,638,321.00 1,638,321.00 1,638,321.�� 5.420 5.346 5.420 1
11012 E Fideli[y Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
11018 Fidelity Institutional Cash 112.OU 112.00 112.00 5.420 5.346 5.420 1
11019 Fidelity Inetitutional Cash 19.00 1'1.00 10.00 5.360 5.28'1 5.360 1
11020 Fidelity Institutional Cash o.00 0.00 0.00 5.160 5.089 5.160 1
11021 Fidelity I�stitu[ional Cash O.OU 0.00 0.00 5.360 5.28"/ 5.360 1
11022 F1d211ty Ii1Stl.tUtional Cash 445.00 445.00 445.00 5.920 5.346 5.420 1
11023 Fidelity Ins[itutional Ca9h 1.�0 1.U0 1.00 5.490 5.365 5.990 1
11025 Fidelity Institutional Cash 0-00 0.00 0.00 5.360 5.289 5.360 1 .
11026 Fideliey Institutional Caeh 0.00 0.00 0.00 5.440 5.365 S.akO 1
11020 E Fidelity Insti[uCionai Cash 306,002.00 306,002.00 306,002.00 5.420 5.346 5.420 1
ll028 Fidelity Institutional Cash 68.00 68.00 68.00 5.420 5.346 S.a20 1 �
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11/13/1990 PD Redevelopment Agency PM - 9
� INVESTMENT PORTFOLIO OETAILS - INVESTMENTS ROA
OCTOBER 31, 1999 ACCROAL
INVESTMENT. AVERAGE PURCHASE STATED --- YTM -- MATORITY DAYS
NUMBER ISSUER HALANCE DATE FOOK VALUF; FACE VALOF. MARKET VALUE RATE 360 365 DATE TO MAT
__"'__"""""'_'"______________________"_____________________________'_________________""_""""_"____________________________________
FIDELITY TREASURY POCL
11029 Fidelity Institutional Cash � 205.00 205.00 205.00 5.420 5.346 5.520 1
11030 R Fidelity Institutional Cash 656,338.00 656,338.00 656,338.00 5.420 5.346 S.i20 .
11031 eidelity Sns[i[u[ional Cash a.00 8.00 8.00 5.360 5.28"1 5.360 1
ll032 Fidelity Institutional Cash o.00 o.00 o.o0 5.150 5.0�9 5.150 _
1103'/ Fidelity InstituCional Cash 0.01) 0.�0 0.00 5.410 5.336 5.910 1
11038 Fidelity Institutional Cash 10"].00 109.00 109.00 5.420 5.346 5.420 1
11039 R Fidelity Institutional Cash 36,589.00 36,589.00 36,58'].00 5.420 5.396 5.420 1
110a0 Fidelity Institutional Cash 521.00 521.00 521.00 5.420 5.346 5.420 1
13041 I Fideli[y Insti[utional Cash 99,640.00 99,640.00 99,640.00 5.420 5.]96 5.420 1
11042 eidelity Institutional Cash 12.00 12.Oo 12.Oo 5.260 5.188 5.260 1
11044 Fidelify Institutional Cash 35,28�.00 35,28'/.00 35,28�.00 5.420 5.396 5.420 1
11096 Fidelity insti[utional Cash 3,869.00 3,869.UU 3,869.00 5.420 5.346 5.420 1
11047 Fidelity InstitutiORal CaSh 1,11fi,932.00 1,11fi,932.00 1,116,932.00 5.420 5.396 5.420 1
11048 Fidelity Ins[i[utional Cash 0.00 0.00 0.00 5.220 5.149 5.220 1
11�49 Fidelity Institutional Cash 9,534.00 9,534.00 9,534.00 5.420 -5.346 5.420 1
13050 Fidelity Insti[utional Cash 823,960.0� 823,960.00 823,960.00 5.420 5.346 S.a20 1
11051 Fidelity InstSCutional Cash 0.00 0.00 0.00 5.220 5.148 5.220 1 -
11052 Fideiity Institutional Cash 2,898,535.00 2,898,535.00 2,898,535.00 5.420 5.346 5.420 1
11053 Fidelity IDstitutional Cash 2,1]1,668.00 2,191,868.00 2�191,868.00 5.440 5.365 5.440 1
11054 F1d21iCY In3titutional Cash 1,543.00 1�543.00 1�543.00 5.420 5.346 5.420 1
13055 FideliCy Institutional Cash 135.00 135.00 135.00 5.420 5.396 5.420 1
11056 Fidelity InsCiCutional Cash 239,�69.00 239,]69.00 239,069.00 5.420 5.396 5.420 1
1305'/ Fidelity Instituti.onal Cash 35,0�9.00 35,009.00 35,009.00 5.420 5.346 5.420 1
___"""_'__'""__ ___________"__ _"""'_'__". _""__'_"___ __"___ "_"'" __'___
SUBTOTALS and AVERAGES 34,218,982.35 35,�2"1,083.00 35,]2'J,083.00
35,"R9,083-00 5.348 5.922 1
TOTAL INVESTMENTS and AVG. $ 152,995,190.39 153,011,125.33
151,935,9�6.80 153,141,041.8� 5.2888 5.3628 771
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ll/13/199'/ P� RedevelopmenC Agency PM - .
INVESTMENT PORTFOLIO DETAILS - IC7VESTMgN'('S RDA
. OCTOBER 31, 199'1 ACCRUAL
� INVESTMENT AVERAGE PURCHASE STATED ��-�� YTM --- MATUAITY DAYS
. NOMBER ISSOER HALANCE DATE BOOK VALUF. FACE VALUE MAF2RET VALUE RATE 360 365 DATE TO M.AT
LOCAL AGENCY INVESTMENT FUNDS
21000 Local Agency Invesemen[ Fun 13,169,aeB.B9 13,169,4n8.89 13,169,448.8'1 5.680 5.602 5.680 1
AVEAAGES 13,085,688.04
FEDERAL AGENCY ISSUES - W➢PON �
15008 R Federal Farm Credit 09/13/95 499,3]9.9:� 500,000.00 501,406.25 6.125 6.312 6.400 0'J/09/9E 250
15016 Federal Fazm Credit 02/24/9� 1,499,895.96 1,500,000.00 1,499,531.25 5.400 5.992 S.SaB 12/02/99 31
15005 E Fedeval Home Loan 6ank O6/14/35 2,115,402.39 2,ll5,000.00 2,ll5,660.94 6.105 5.855 5.939 12/01/99 30
15035 Federal Home Loan Bank 02/24/9� 999,9]1.20 1,000,000.00 1,000,000.00 5.400 5.430 5.506 11/26/9] 25
15019 Fedexal Home Loan Bank 02/13/97 i,000,000.00 1,000,000.00 1,000,312.50 6.040 6.040 6.124 08/13/98 285
15010 R Federal Home Loan Moctgage 10/22/96 1,0�O,OOU.00 1,000,000.00 998,125.00 5.800 6.123 6.208 03/19/99 503
150i4 Federal National Mortgage A O1/16/97 3,999,758.33 4,000,000.00 4,000,000.00 5.600 5.630 5.708 O1/16/98 76
15020 Federal National Mortgage A 10/03/9� 1,000,0OO.OU 1,000,0OO.OG 999,68'J.50 5.630 5.621 5.699 OB/19/98 286
SUBTOTALS and AVERAGES 12,049,935.54 12,119,40Z21 12,ll9,923.94
12,ll5,000.00 5.935 5.815 135
FEDERAL AGENCY ISSUES - DISCOSSNT �
16013 E Fedeial National Mortgage A 09/30/99 4,864,952.]13 5,000,000.00 4,885,500.33 5.380 5.530 5.606 03/30/98 149
AVERAGES 4,864,"152."18
1REASORY SECUR?TIES - COIIPON
1]009 I Onites States Treasury 0]/O1/94 999,996.39 1,000,000.00 1,000,312.50 6.000 5.921 6.003 11/30/9'J 29
19013 R Unites S[ates Tieasuiy 0]/01/95 106,920.95 109,000.00 108,225.00 9.]50 6.098 6.182 11/30/99 ']59
1]O15 E Oni[=s Sta[es Treasury 09/O1/95 231,046.23 231,000.00 231,0"12.19 6.000 5.645 5.924 11/30/9"1 29
1"l069 Unites States Treasury OS/29/96 2,001,040.13 2,000,000.00 2,005,000.00 6.125 5.905 5.980 03/31/98 150
1']09"J Onites States Treasury OS/30/96 999,696.14 1,000,000.00 998,439.50 5.000 5.900 5.982 O1/31/98 91
1"J083 UniCes S'tates Treasury 03/21/9'1 1,990,922.�1 2,000,000.00 1,984,3"15.00 5.000 6.124 6.209 02/15/99 4"li
1"1o84 Unites States Treasury 06/02/97 4,997,346.70 5,000,000.00 4,998,43"/.50 5.250 5.496 5.593 12/31/97 60
SOBTOTALS and AVERAGES 12,2"l0,911.16 11,309,968.53 11,325,859.69
11,335,000-�0 5."/60 5.840 154
STATE & LOCAL GOVT SERIES
19004 � SCate & Local Govc Ser Secu 0�/24/99 248,145.00 248,145.00 248,195.00 0.000 0.000 0.000 O1/29/98 89
19005 SCa[e & Local Govt Ser Secu 0]/24/9'1 3�2,455.�0 3]2,455.00 392,455.00 0.000 0.000 0.000 03/OS/98 129
190�6 Sta[e & Local Govt Ser SEcu 0�/24/99 1,592,8"/1.00 1�542,8]1.00 1,542,801.00 �.000 0.000 0.000 04/01/98 151
1900"] State 5 Local Govt Sei' Secu 0]/24/99 361,813.00 361,813.0t1 361,813.00 0.000 0.000 0.000 04/OB/98 158�
19008 State & Local Govt Ser Secu 0�/24/90 239,915.00 239,"I15.00 239,]15.0� 0.000 0.000 0.000 10/O1/98 334
isoos seaze � zocai cove ser secu o�/ae/9� iz,es�.on iz,ssz oc iz,ss�.00 o.000 o.000 o.000 o3/as/9s so9
isoio seaze a nocai cove ser secu o�/�n/9� i,sei,ni�.00 i,sei,ai�.00 1,SB1,91�.00 o.000 o.000 o.000 oe/oi/99 sie
19011 State & Local Govt Ser Secu 09/24/9] 12,656.00 12,656.00 12,65h.00 0.000 0.000 0.000 09/16/99 689
isoiz seace � Locai cove ser secu o�/zn/sv i��,i9i.00 i��,i9i.uo i��,isi.00 o.000 o.000 o.000 io/oi/sz sss
i9oi3 seace � Locai co�e ser secn o�/za/9� iz,ss�.00 i2,ss�.00 iz,ss�.00 o.000 o.000 o.000 o3/os/oo as9
2
�
11/13/1999 P� Redevelopment Agency PN � �
� INVESTMENT PORTFOLIO DETAILS - CASH RDA
OCTOBER 31, 1990 ACCRUAL
� INVESTMENT AVERAGE PURCHASE STATED -- YTM --- MATURITY DAYS
NllMHER ISSUER BALANCE DATE BOOK VALIIE FACE VALUE MARKET VALUE RATE 360 365 DATF. TO MAT
__"___'""__. ""'_____________________________________________________________________"'""___________________'______________________
PASSBOOR/CHECKSNG
25002 H o' A - Self He1p Checking 45,221.59 0.000 0.000 a.000
AVERAGES 4h,411.93
Accrued In[erest at Purchase �,6b3.06
'__"_"'__"________________________"'____"_'_____""______________________________
TOTAL CASY. $ 52,908.35
TOTAL CASH and INVESTMENTS $ 151,]80,388.93 153,028,098.'/9
5
�
11/13/199] PD RedevElopment Agency FM � 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA
� OCTOBER 1, 199� - OCTOHER 31, 199] ACCRUAL
STATED TRANSACTION PIIRCHASES SALES/MATORITIES
TYPE INVESTMENT # ISS[lER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
21000 Local Agency Investment Fund 5.680 185,490.42 13,169,448.8"1
PASSBOOX/CF3ECKING (Monthly Summasy)
� 25002 B of A - Self Help Checking 0.000 856.96 0.00
CASH WITA TRUSTEE -FIRST TRUST (Monthly Summary)
260�0 Cash with Taustee O.00o 0.3"l
26001 Cash with Trustee 0.000 3.88
26002 Cash with Trustee 0.000 0.90
10003 Cdsn with Trustee 0.000 L25
26004 Cash with Trustee 0.000 0.56
26005 Cash with Trustee 0.00� 0.85
26006 Cash with Trustee 0.000
26007 Cd9h wiph Trv9t¢e 0.000 0.35
26008 Cash with Trustee 0.000 3.40
26009 Cash with Trustee 0.000 0.5']
26011 Cash with Trustee O.�oo 3.39
SUHTOTALS and EN'JING BALANCE 9.40 5.62 0.00
FEDERAL AGENCY ISSUES - COUPON
15021 Federal Faim Credit 5.620 10/01/199"! 2,0o0,000.00
15020 Federal National Mortgage Assc 5.630 10/03/1990 1,000,000.00 '
SOBTOTALS and ENDING BALANCE 1,000,000.00 2,000,000.00 12,114,40'/.21
FEDERAL AGENCY ISSUES - DISCOUNT
4,864,J52.']B
TREASURY SECURITIES - COUPON '
1]098 R Unites States Treasury 5.625 10/31/199] 1,000,000.40 11,304,968.53
STATE & I/JGL GOVT SERIES
19002 State & Local Govt Sei Securit 0.000 10/O1/199'/ 308,933.00
19003 5[ate & Local Gov[ Sez Securit 0.000 10/16/1999 3"12,455.00
19023 State & Local Gwt Ser Sewri[ 0.000 10/29/199"/ 392,955.00
6
t
11/13/199] PD Redevelupment Agency PM - "]
' PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA
UCTOBnR 1, 1999 - OCTOBER 31, 1997 ACCAUAL
STATED TFtANSACTION PURCHASES SALES/MATORITIES
TYPE SNVESTMENT 7{ ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS HALANCE
"____""_'____________________ ____________________________________________'_-____-__________________________"_'__________. . .. __-_-__
19029 State & Loca1 Gov[ Ser Securi[ 0.000 10/2'//199� 351,172.00
19025 State & Local GovC Ser Securit 0.000 10/2']/1999 145,593.00
SUBTO'I'ALS and ENDING HALANCE 869,220.00 681,380.00 9,364,898.0�
STATE & LOCAL GOVT SERIES - COUPON
66,429,662.00
� FIDELITY TREASURY POOL (Monffi1y Summary)
11002 I Fidelity Institutional Cash 5.420 32,531.00
11003 R FideliCy Institvtional Cash 5.420 's,085.00
� ll004 E Fidelity Institutional Cash 5.420 9,635.00
1:005 I FideliCy InstituCional Cash 5.420 5,435.00
11006 R FideliCy Institutional Cash 5.420 8'/.00
11009 R FideliCy Institutional Cash 5.490 b,6"I6.00
11009 S Fidel:tV InSCitUtional Cash 5.420 "1,268.00
. 11010 I Fidelity Inatitutional Cash 5.420 2,08],634.00
11011 R Fidelity Lnstitutional Cash 5.420 6,694.00
11�12 E Fidelity Institutional Cash 5.210
. 11018 Fidelity Institvtional Cash 5-420 108,0'/3.00 209,430.00
11019 Fideli[y Institutional Cash 5.360
11020 FideliCy Institutional Cash 5.160
11021 FideliYy Institutional Cash 5.360
11022 FideliCy Institutional Cash 5.420 2.00
11023 Fidelity Ins[ieu[ional Cash 5.440
11025 Fidelity Ins[i[uCional Cash 5.360 �
11�2G Fidelity InstituCional Cash 5.440
11029 E Fidelity Ins[itutional Cash 5.920 1,25].00
13028 Fidelity Institutional Cash 5.920 1.00
11029 - Fidelity InstituGional Cash 5.420 698,183.00
11030 R Fidelity Institutional Cash 5.420 2,695.00
11031 Fidelity Institutiondl Ca9h 5.360
11032 Fidelity Institutional Cash 5.150
1103� Fidelity Institutional Cash 5.430
11038 Fidelity Institutional Cash 5.420 1.00 �
11039 R Fidelity IvstituCional Cash 5.420 151.00 �
11040 Fidelity SnstiCUCional Cash 5.420 150.00 �
ll�§1 I Fidelity Ins[itutional Cash 5.420 439.00
13042 Fideliey Institutional Cash 5.260 �.
11094 Fidelity In9tiLlltiOnal Cdsh 5.920 144.00
11096 Fideliry InsCiCutional Cash 5.420 16.00 �
11049 Fideliey Insti[u[ional Ca,h 5.420 1,028,490.00 .
7
, � . ,_ � _ y. ..,. : . . ,..m. � x �.�: . , , ����
� y :,:
11/13/1990 � � . � � . . � � . � . �� � P[d - 9
. .. � P� RedevElopinenC Agency . . � .. RDA .
� . . SNVESIMENY' ACfIVITY SU79tlARY �� .� � � . � . ACCRUAL
� . � . � � � -0CfOHER 1996 thi0u<Jh pCj'pSER 199� . � � � � . � �
� � . . � Y16L➢ TO MATURITY MANAGBD .� HUPIBER OF N[1M8ER�OF�� AVERAGE
MOM'kl � NUPID2F2 OF � TOTAL� 360 � 365 � POOL � SECURITIES .SSCURTTIE6 AVEqAGE DAyS TO
� . 6N➢� . � YEAR SECURITIES � TNVBSTBD E4UIV �� � fiQUIV RAT6 PUA(7(p6F.D MATURE�/SOLD TERM MATURSTY
. Octobez 96 106 � 103,501,531.69 5.568 . 5.645 � 5.134 � � 10� . 5 � - 499 d69 �
: � � November 96 lU2 ' 87,516,234.08 5.52"/ 5.604 � 5.068 3 '� � �9 � 383� 254 � �
December� %. �. 97 79,366,146.51 5:511 . 5.587 5.1fi9 � � 0 � �. 6� . 31� � � 165
. Sanuary �� 97 95 .. 85,701,933.97. 5.569 5.646 5.241 � 2 � � 6� � ' � ' 320 173
� � Febnldry 97 93 �80,869,54R.07 5:546 � 5.623 5.107 � . 3 � 332� 166
� MarCh 97 �91 . 70,533��,057.43 �5.516 . 5.597 5.218 1 �. - 3 � 341 194.
ApYil� . 90 9] . 80,575,386.74 $.504� � 5.660 � 5.2�0 � � 2 � - 2 � 368 213 � �
�� � May 99 95 � 78�585�,626.60 5.616 5.694 5.309 . 0 �� � 9� � 361 � 198 �
� � June � � 90 � @9 � .85,623�456.'/8 5.494 5.590 . � 5.360 3� � 13 199 101 .
. . July 94 95 � 15{,112,637.63 5.259 5.332 5.630 24 � 4 � 880 820
� Auguet 99 95 153,763,678.63� 5.274 5.348. . S.fi79 0 � 0 . 8H2 800
. . 3eptember 97 � 91 . � �149,291,9'lO.ZB� 5.299 � 5.372 5.�07 � � 1 5: 900 809
� Octobes . 9'/. .95 15�,975�170.39 5.288. . 5.362 5.680 . � 4 : � 4 � � . 898 '171.
AVERAGfi6� 95 S 10�,801,f59.91' � S.A66� . 5.541! � 5.348�� 4 �� � . � ..5 � 512 379
9
{:
11/13/199'] YD Redevelopment Agency PM - 8
P03TFOLIO MASTER INVF.STMENT ACTIVITY BY TYPE rtDd
OCTOBER 1, 1999 - OCTOBER 31, 199� ACCRUAL
STATEO TRANSACTION PORCHASES SALES/MATURITIES
TYPE INVESLMENT tt ISSUEF R4TE DATe GR PEPOSITc OR WiTHDRAWALS 6AI.A�'CL
11048 Fidelicy Znst_itutional Cash 5.220
11049 Fidellcy InStitutiopal Cash 5.410 39.G0
11050 Ficlelity I�stitutio�a7 C�sh 5.420 3,384.P0
11051 Fideli'_y I�stitutiona] Cash 5.220
ll052 Fidelity Insti[utionai Cash S.h20 ' 11,902.00
11053 FideLty Snetitvtional Caah 5.990 599,199.00
11054 Fidel:ty Inscitutional Caeh 5.420 148.00
11055 Fidelity Inscitutional Cash S.n20
11056 Fidelity Inscitutional Cash 5.320 1,019.00 1,019.00
11057 Fidelity InsLitutional Cash 5.420 8,316.00
SUF3TOTALS and ENDING BALANCE 3,915,103.00 914,948.00 35,92"/,083.00
. . .......______"""'"___-_______"'____________"______________________"_.____
TOTALS 5,990,659.98 9,596,341.62 152,995,1'J0.39
8
yti
li/13/199� PM "
PD Redevelopment Agency ��^
❑:STR?GUTION OF INVESTMENTS BY TYPE t',CCRllAL
OCT03ER 1996 through OCTOBER 199"]
MONTH ._ . . . . _______.... .._____--____. _... . . __.______" TYPES OF SNVESTMENTS _ " __ _. . . .__. . .. _.
ENC YEAFc BCII SCD MDl L95 PA1 PFl? PA3 MTN HAC COM FAC FAD TI2C TRU MCi MC: li41
. .._____ _ . . . . _" ______. _
.____________". .. . . . .______ ..... . . ._ .. "______ _ _________ __________. . . . . . . . . _____-______. .
October 96 C.3 9-2 3.2 4-3 6.8 A9-3 0_<_ 26.5
Novembei 96 0.3 10.3 0-= 3.B 5.0 12.2 45_9 22.5
December 96 0.4 9.5 3.4 5.6 13.4 s9.s 2i_5
Sanuary 99 �.:' 22.9 0.5 9.2 6."1 35.9 22.5
February 99 O.:i 22.8 4.9 1.0 41.3 2f,.2
March 9? 0.: 14.9 d.8 �-6 40.8 34.9
Apri: 9"] 0.:. 13.0 21.2 3.9 35.� 29.3
May 99 0.1 1"1.2 23.8 3.8 29.2 z5.9
.IURe 9"1 ....� O.Y 15.0 15.3 22.5 96.6
July 99 G.i 8-4 9.2 11-9 6.2 d3.1 22.9
Auyust 9� 0.3 8.4 '.2 1L 9 E.2 43.2 22.9
SepCember 9� P.� 9.4 3.3 8.2 6.2 14.5 21.9
Oc[ober 9? 8.6 �.Y 3.2 9_4 G.i 43.a 23.5
AVERAGES G.1°. O.t% 13.0� 0.08 0.8& 1a.1& 4.2§ 29.9% 0.0% 1.9& 13.48 26.5&
aCD - Certificates of Deposit - Bank scn - Certific'a[es of Deposie - 5 s L
M�1 - Treasury Securities - T-Bi11 I,AS - Local Agency Investmwt F'unds
PA1 - Passbook/Checking PA2 - Cash wi[ti Trustee -First Trust
PA3 - Checking/Self Help Housi:ig Loans MTN - medium Term Noees
0AC - Bankers ACcepCanc2S WM - CommEYci31 Papei' - Discou¢[
FAC � Federa:. Ager.cq Issues - Coupon FAD - Federal Aqency Isaues - DismunC
TRC - Treasury Secur.ties - Coi�pon "PRD - Treasury Secuiities - Discount
MC1 itate s Lxal Gwt Series MC2 - State s Lucal Covt Series - Coupon
LA1 - Fidelity Treasuzy Pool
10
11/13/199] pM - 11
PD Redevelooment AgenCy RDA
� INTEREST EARNINGS SUMMAkY ACCRUAI,
OCTOBZ4 3i, 199�
MONTH ENDING FSSCAi
OCTOBER 31, 199�� YPAA TO DAT_
CD/Coupon/�3emunt invesCmeoCs:
Interest Coltectetl $ 989,499.19 $ 1,486,969-01
PLUS ACciued Iniereet ac End of Per3ocl 619,085.69 619,085-64
L6SS Accruecl Intereet at Beg�nning of Peraod � 1,139,655.91; , 448,108.60)
_______________. _. _________________-
I�terest Earned durina Period 5 466,906-90 1,659,991-OS
ADJIISTED by Premium5 artd Discounts 3,624.5_ 10,619.']9
ADJUSTGD by Capital Gains or Loseee O.OG 0.00
Haxui�gs dur.ng °eriofl 4]0,531.91 S 1,668,559.84
Moxtgaqe 0acked Semiriries:
ine�re�c coiieccea $ o.oc $ o.00
PLUS Accrued Intecest at Gnd of Periocl o.00 0.00
LGSS Accrrued Interest at Beyino3og of Peiiod ( 0.007 , O.00i
___'_'__""_______- _________________'
interest carned du:ing Period $ 0.00 0.00
ADJISSTED by Premiums
and �iscounts O.Oc o 00
A➢SCSTED Gy Capital Gains or Losses O.OL 0.00
Earni�gs during E'eiiod 0.00 S 0.0o
Cash/Checking Accoun[�:
Interest CollectEd $ 32"/,41"1.6F 5 953,�34.48
PL'J.< ACcrued :nterest at En� oE PerioU -107,308.0E -109,300.06
LE55 Accrued Lnterese at Heginning of Period ( -929.13) ( -41,405_l2)
IDterest Earned during Peziod $ 220,816."li S 88],131.59
TO'PP.i iaterest Earned :iuring Fe[iod $ bd9,>43.63 5 2,545,0]2.59
TOTAL Af,ts'Gments fi'om Pi'emiums and DiscounCs $ 3,624.51 $ 10,(19.]9
TOTAL Capital Gains or Losses 5 o-Oe $ o.o�
TOTAL Earnings d:iring Period S 691,368.Ia $ 2,555,691.38
11
li/13/199� RDA 5100 Million Bond YM �
INVESTMENT PORTFOLIO DF.TAILS - INVESTMENTS ItDA
OCPOHER 31, 1999 ACCkUAL
:NVESTMENT PIIR^HASt: STATEO --- YTM --- MS�TURI?Y :AYS
NUMHER ISSOER DATE BOOH VALUE FACE VALUE MARKET VALU£ RATE 360 365 JA7E 1'G MA9'
FEDERAL AGEVCS t55UE5 - COUPON
15010 R Feoeral Home Loa� Moctgage 10/22/96 1,000,000.00 1,000,000.00 998,125.00 5.80� 6 123 6.208 03/19�99 501
FIDELITY TREASJRY POOL�
11010 I F'ideLty Inatitunonal Cash 9,368,B�B.00 9,368,890.00 9,368,89d.00 5.420 5-346 5.420 _
11011 R Firlelity Institutional Caah 1,638,32L 00 1,638,321.00 1,63N,321.0o 5.420 5.346 5_420 1
11012 E Firlelity InstitoCional Cash 0.06 O.OU 0.00 5.210 5-139 5.210 1
1101e Pidelity Znsti[utional Cash 111.00 112.Oi) 117..00 5.420 5.396 5.920 1
11037 FideLty Inatituti.onal Caeb 0.00 0-00 J.00 5.410 5.336 5.910 _
SUBTCTAi,S a��d AVERAGES ll,00"/,311.00 il,VO"1,3::.00
ll,00"I,111.00 5-346 S.g20 .
TOTAL INVESTMEMI'S an3 AVG. 5 12,009,311.00 12,005,93G.OG
12,007,311.00 5.4108 5.486& 43
12
ll/13/199� R�A $10� MilliOn Bond pM _ 3
INVESTMPNT PORTFOLIO DETAILS - �ASH RPA
OCTOBEk 31, 199� AC^kUAL
.'NVESTMENT POkC2tA5E STATEC -- YTh --- NWTUBIT'! UAY9
NUM➢ER ISSOER DATE BOOK VALllE FACE VALGS Nu�RKE. VALIIE 3ATE 300 3n5 _n_c TO Ndi'=
CASH WSTH THJSTEE �FIRST TROST
26000 �es`_1 Wit�] TYLL9Cee 2.16 0.000 0-000 0_000
______________"._.. ..___-_______________.__' . _ .____________. _________________. . . . .
TOTAL CASH and iNVESTMGNTS $ 12,009,11e.16
13
ll/13/199� RDA $19.5 Milli.on Bovd %'"� -
INVF.STMENT POATPOLIO DETAILS � INVFSTMENTS hDA
OCTOBEFL 31, 1999 11CCNOA=
LNVESTMENT Pt1RChA5E STATE� -- YTN -- Md:ti3'TY �AYS
ISUMHER ?SSUFR DAT_E ROOK VALOE FACE VALUF MAFiAET VALtIn RATE 360 n�_ DATE TO MAT
FIDELI'T" TREASIIRY POOL
11008 R F1c3e'_3ty Institucional Cash 1,625,308.00 1,625,308.00 1,625,308.00 5.4s0 5.365 5.44C 1
11ooF '- �ide2iey Institucio�al Cash 1,99o,oB9.o0 1,�90,089.0p 1,�00,089-00 5.420 5_3h6 S 420 1
11021 F3de_i[y Ios[iCULional Cash 0.00 0.00 0.00 5.360 5.2e9 5.3Fi0 1
llC22 Fldelitv InstituCional Caeh A45.00 495.00 � 495.00 5.4Z0 5.396 5.920 1
li023 Fldeilcy InstlCUC:Ona1 Cdeh 1.00 1-00 1-00 5_440 .�-365 5-440 .
SUBTOTALS ar,d AVERAGES 3,395,Pa3.00 3,395,843.00
3,395,843-00 5_355 5-430 1
TOTAL I^NESTMEVTS ar�d AVG. v 3,395,847.00 3,395,843.U0
3,395,843.00 5.3555 5.530� 1
14
11/13/199� R➢A $17-5 M311ion Bo�d PM - 3
INVESTMENT PORTFOLIO �ETAILS - CAS4i B�A
OCTOHEft 31, 199� �CCRLA=
INVESTM�N. POAI'i{ASE STATED --- YTM. --- MATUkiTY PATS
NOMBER ISSUE@ DATF. 600X VALUE FACE VALUe MARKET VF,LUE RATt 3GC� 3E5 'JAT� .. NAT
CASH WITH ;RUS1'6E -e'3ftST TftUST
26005 Cash with Trustee 1.99 �.000 O.00U 0.000
TOTAL CASN and I�tiESTMENTS � 3,395,H44.94
15
11/13/1999 ROA 529 1lillion Bond PM �
INVESTMENI' PORTFOLIO �ETAILS - INJESTMENTS RDA
OCTOBER 31, 1999 ACCRUA�
ItivGSTM�NT PORC]{A$E STATED --- Y'PM -�- MATJR:TY DA�S
NUMHGF. _�°"EK UATti ZOOR VFLII3 FACE VALU1: MAkKET VALOE FATE 36G ia5 DATE TO MA"
FGDERAL AGENCY 1SSOES - COUPON
19014 E'ederal National Mortgage A O1/16/99 3,999,]58_33 5,000,000.00 4,000,000-00 5.6�p 5-630 S.v02 0./16/98 96
FEDERAL AGENCY ISSUES - DISCOUhT
16013 E Fetleral Nationa' Mortgage A 09/30/99 4,864,952.98 5,0�0,0�0-00 9,885,50�.33 5.380 5-530 °-606 03/30/28 td'J
TREASURY SHCIIRITIES COUPON
1900"J T Unites SCatee Tieasury 09/O1/94 999,y96.39 1,OOU,OOO.00 1,UUL`,312.SU 6.000 5.92i o.003 ll/30/9? ��
19089 Unites States Treas�ry 06/02/99 4,999,346.90 5,000,000.00 4,998,439.50 5.25o 5.496 �.5"]3 12/31/99 60
SUHTOTALS antl AVERAGES 5,99'),34J.09 5,998,950.00
6,000,0OO.Oo 5-567 5-644 55
FIDELITY TREASURY POOL
11002 I Fideiity Institu[ional Cash "1,922,63�.00 ],922,63].C(i 'J,922,63'1.00 5.420 5.346 5.42C 1
11003 R Pidelity inatitutional Cash �51,333.Oo 951,733.00 951,33�.0o s.azo s.396 5-420 i
11009 E Fit3eliCy Inetltutiondl Cash 3,625,642_00 2,625,642-00 2,625,642.00 5.420 5-346 5 A20 1
11019 Fide'ity Institutional Cas'h 1�.00 19.U0 19.00 5.360 5.28� 5.360 1 �
11020 Pitleiity Ips'C1Luuonal Cash 0.00 D.�O 0.00 5.160 S.�B9 S.ioO 1
ll029 Fidelitv InstiCutio�al C3sh 205.00 205.�L 2o5.00 5.420 5.346 5.420 1
SOBTOTALS arid AVE;WGES 11,299,H34.00 11,299,83:.00
11,299,834.U0 5.346 5.420 1
TO"PAL INVESTM:,NTS and AVG. a 2'o,1E1,688.18 26,184,084.33
26,299,834.00 5.4�4s 5.550& 52
16
i1/19/1999 �: � � � . � BOA�S24 Million 8ond� . .. � � ��- 3�. �
�IIdVEST6t6NT.poR2FOLfoDfiTAII,9��.-�GSH � �. � R�, � .
. . ��.� OCTOBBR 31,�.1997 � � ACCRVAL
FNVES'IMENT . . PVRCHASE � . . BTATED --- YTM'�- MATVRITX DAYS . .
NUMBSR ISSU$R �. DATE �.BDAA VALUE�� . �FACE VALllE MARIGHT�VALUE RATE D60 . ���365 DA2£ TO�MAT
CASH��WIT'8 2"RU82ES -81RS'f�TRUSS .. . . . � . . . � �� . . . . .
266U2: fiaeh with Tsu6Tec � � � � 1 9'/ . � � � 0:000 D.00U �0.000� � � � � �
i,'fYfAL�GS$ and.SNY6$TMEN1'S.. .. . �� �. $ 26,161,690.35: � .. .
. . . ...�. .w�r. .. . ...
17
1;/13/199] RDA $n Million Bond PM - Z
INV�STMF�NT PORTFOLIO DETAILS - INVESTMENTS RDA
OCTOBE3 31, 199� 9CCRUAL
INVESTMENT FURCHF�SE STATED - - YTM -- MATLR2ITY DAYS
MIMBER ISSUER DATc HOOR VALOE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
FEDERAL AGENCY ISSllES - COUPON
15005 E Ferlesal Home Loan Bank 06/19/95 2,115,902.39 2,115,000-00 2,115,660.94 6.105 5.855 5.939 12/O1/99 e�
TREASIIRY SEC�R2ITIES - COUPON
1')013 H Onites States Treasviy 09/O1/95 106,920.95 1p4,00�.00 lON,22i3.0� '.'/50 6.098 6-182 11/i0/95 ]59
19�15 E Unitee States Treasury 0'1�01�95 231,096.23 231,00�-CO 231,002.19 6-000 5.645 5.92rt 11/30�9� 29
SUBTOTAL� and AVERAGES 337,969.18 339,29'1.19
335,000.00 5.988 5.869 260
FIDELITY TREf�SURY POOL
11005 I Fidelity Institutional Cash 1,567,19i.00 1,Sb"I,291.00 1,567,291.00 5.420 5.346 5.420 1
11006 R Fidelity Institutional Cash 21,080.0(l 21,080.40 21,080.00 5.420 5.346 5.420 1
11025 Fidelity Institutaonal Cash 0.00 O.OG 0.00 5.360 i 28'/ 5.360 1
11026 Fidelity Insti[utional Cash 0.00 O.OJ 0.00 5.440 5.365 5.440 1
1102� E Fidelity In9titut:onal Cash 30G,002.00 30G,Q02.V0 i06,002.00 3.420 5.346 5.420 1
ll028 Fidelity Snstitutional Cash 6d.00 60.OG 68.00 5.420 5.346 5.420 1
SUBTOTAL9 antl AVERAGES 1,d94,491.00 1,894,441.00
1,894,441-00 5.346 5.420 1
TOTAL INVESTMENTS and AVG. $ 4,34'/,N1G.55 4,;49,39i.13
4,349,441.00 5.628& 5.']O6& 35
18
�
11/13/199� R�A 54 Mi1�Lon Bond PM .
iMBSTMENT PORTFOLIO OETAILS - CASH RG.1
OCTOBEft 31, 1999 ACCFJAL
INVESTMENT PURCHASE STATEL - � - YTM --� W+TURITY CAYS
NUMBcR LSSUER �ATE pOOK VALUF. FACE VALUE MARKES VALUE RA'tE 369 36S UATP: ?0 MZ�T
CASF WITH TRC�TEE cIRST TROST
26003 �ash with Trustee L 51 0.000 0.000 0-000
TOTAL CASH a�d INVESTME�TS 5 9,35"1,812.36
19
11�13�1999 iow Mod SZt-deide R2fuodi�g PM e.
1N�ESTM�6`T PORTFOLIO DETAILS � 1h`�FSTMENTS RCA
OL'TOBE3 31, 199"1 ACCBUA_
I6Ne5TMENT PURCHASE' STATEC -- - YTM, --- MATII3ImY OhYS
NUMBER ISSUER �AT� BOOK VAL`JE FACE vALUE MARKET VALUv FATE 360 365 DATP 'PO MA:
FiOELITF TREASURY POOi,
11030 R Fi[leliey inecitutlonal Caeh 656,339.00 656,338.00 656,33U.00 5.42C� 5.350 5.420 _
11031 kitlelity lnstituttonal Cash 8.�0 tl.On 6-00 5-360 5-2E9 �.P�oG 1
11032 Fidelity Institutional Cash 0.�0 0-00 O.Oo S.15C 5_0"]9 5-15V 1
11040 Fidelity Inetitutional Cash 521-00 521-JO . 521.00 5.420 5.356 5-{20 1
.. . ._ . ____. _.. . ... . . .. ..______- . ______ ___. . _ .
SUBTOTALP� antl nVF.RAGES 65G,BE,"1.00 65F,86'�.pC
656,86�.CC 5.346 5.420 1
TO'."AL INVESTMENTS and AVG- , 556,869.00 555,869.00
656,86�.00 5.346fl 5.420& 1
20
.1/13/1999 Low Motl Sec-a='ide Refu�ding PM -
:NVESTMENY PORTF0�:0 �ETAILS - CASH R�A
OCTONER 31, 199v -��RUAL
INVESTMENT FGRCiiASE STA?EP --- YTM --- MATJ&IT`! ppy5
NOM3ER iSSUEB DATL BOOK VALUE FACE VALUc MARKHT VALUE RATE 36C �65 DA?B "'J MAT
CASFI WITY. TkJSTEE -FIftST TftUS'S
26009 Cash with Txustee 2.32 O.OQO �-000 0_OCO
. .______-_.
TOTAL CASH and INVESTMENTS ; 656,869.32
21
4
11/i3/1999 Eroj Area lA 99') iefunding ��- �
I6'VES1'MGNT PORTFOLIO DETAILS - I[J�,•ESTMENTS RDa
OCT00ER 3i, 199'J ACC3CA:.
INVESTMEN: FURCIlASE STATEJ - YTM -- - M1V.TQR:TP GA'iS
NUMPES ISSOEk DA:S BOOK VALOE FACE VALCI: MARKET VALOE R4TE 360 365 DATE .C'� MA:
STATE & LOCAI, GOVT SERIES
19004 State & Locai Gov�� Ser Secu 0'i/24/99 248,145.00 248,145.OJ 298,195.00 0.0�0 0.000 0-�00 O1/29/9E+ N9
19005 Stace & Local Gov�_ &er Sec� 09/24/9v 392,455.00 392,455.00 3]2,455.00 0.000 0-000 O.COC 03/OS/9R 12i
190�6 St3tP k LOCal Govt Sei Secu 09�24/97 1,542,891.00 1,542,&�1.00 1,542,891.00 0_000 0-000 0.000 OA/01�99 151
19000 State S I�ocal Gwt Ser Secu o9/2n/9� 361,813-00 361,BL'.PO 361,813-00 0.000 0-OOo 0.000 04/oB/90 158
i�ooa scate � no�a� co.,e sez seo� o��/z9/9� z3s,�is.00 za9,�is.os aae,�is.00 u.000 o.000 o.000 io/oi/se a3a
isoo9 sc�ee � no�ai co�e ser ser., o�/za/s� Lz,es�.00 iz,es�.on ia,es�.00 o-000 o-000 o.000 o�/zs/yv sov
i9oio scaee � noca: cove Ser secn o�/a4/9� i,soi,e��.00 i,sei,ev.00 i,sei,ai�.00 o.000 o.000 o-uco o9/oi/9� sit
19011 seaee h Loca7 covr_ ser secu o9/24/59 12,6s6.00 12,656.00 12,656.00 0.000 0.000 0-00o os'/16/99 6e4
19012 State & Locai GovL SeY SeCu 0]/74/9"1 199,19'-00 1"1"],191_00 199,191.00 0-000 0_000 0.000 10/O1/99 699
190:3 StaCe k ],ocal Gwt Ser Secu 09/24/9� 12,659.00 12,65]-OG 12,65).�� 0-000 o.000 0-000 03�09/00 B59
19014 State b LOCdl GovC Ser Secu 0"1/24/9"1 1,622,191.00 1,622,191.0f1 1,622,191.00 0.000 0-00� 0-000 04/O1/00 882
19015 SCa[e & Local Govt Ser �ecu �"1/24/9"1 361,813-00 361,813.00 ]61,813.00 0-000 0.000 0.000 09�12�00 093
19V16 State & Aocal Gwt Sez' Secii 0�/�4/9� 158,��S.Oo 158,��s.00 15s,295.00 0.000 0.000 G-000 10/OS/00 1,069
1901"1 State & I,ocal Gwt Ser Secu 0�/24/9"1 12,ti55.00 12,656.0:> 12,656.00 C.000 0.000 0.000 03/29/O1 1,249
19018 State & Local Gwr Ser Secu 0"1/24/9"] 1,664,999.00 1,664,99�.00 1,K64,90�.00 0.000 0.000 0.000 04/O1/O1 1,24�
19019 State & ',ocal uov5 Ser Secu o"]/29/9] 12,G5G.00 12,6%.00 12,656.00 0.00o o.00G 0.000 J9;2o/O1 1,415
19020 State k Loral Gwt Ser Secu 0"I/24/9"1 88,d29.00 Bb,82"1.00 88,82"1.00 0.000 0.000 0.000 10/O1/O1 1,430
19021 State & Local Govt Ser Secu 09/24/9� 12,656.00 12,656_00 12,656.00 0.000 0_000 0.000 03/14/02 1,599
isov seaee s Lo�ai co�s ser sec� io/2�/4� a�z,ass.00 3�z,ass.eo a�z,ass.00 o.000 o.000 o.000 ii/ze/9� is
19024 Sfate c Loca1 Govt Ser Secu 10/2]/9"1 351,1"]2.00 351,1]2.0:! 351,1'/1.00 0.000 0.000 0.00� 12/23/9� 52
19025 Sta[e 5 I.ocal Govt Ser Secu 10/29/99 195,593.00 145,593.Oti :45,593.00 0.0�0 0.000 0.000 Ol/29/98 P9
SUBTOTAL'3 and AVGRAGES � 3,364,89d.00 3,364,848.0�
9,364,048.oii o.000 0.000 600
STATE & LOCAL GOVT SERIES - CCl'PON
19500 State & Local Govc Ser Secu 0"I/2a/9"l 5,686,82'1.00 5,686.82"I.On 5,686,82'/.00 3.165 3.122 3.165 Oa/01/02 i,612
195�1 S[a[e & Local Govf. Ser Secu 09/19/99 60,']42,835.00 60,742,835.00 60,742,835.00 6.090 6.007 6.090 04/18/02 1,629
SUBTOTALA and AVERAGES 66,429,6F2.G0 "06,429,662.00
66,429,662.00 5.'I60 5.840 1,628
FIDELITY TREASOR'i PCOL
11056 Fidelity InStiCutional Cash 239,969.00 239,"l69.00 23Y,"l69.00 5,920 5.346 5.920 1
I105"1 Fidelity Znstitutional Cash 35,009.00 35,009.Oii 35,009.00 5.420 5.346 5.420 1
SUBTOTALS and A4ERAGES 2")4,"I"]8.G0 204,']08.00
2'14,'1'18.OJ 5.346 5.420 1
... .._ .___'____________________________________"""""_"__""..._..."__-_____________
TOTAL INVESTMENTS a[�d AVG. $ 96,069,292.00 96,069,288.00
i6,069,288.00 5.0494 5.119& 1,995
22
�
11/13/1999 Proj Acea 1�1999 refunding PM � 3
INVESTMENT FORTFGLIO pETAILS - CASH 3JA
� OCTOBaE 31, 199"] ACCRUFL
I6VESTMENT PURCHASE STATED --- YTM -- MAYCR_TY DAY5
NOMB£R ISSOE4 OATL BOOH VALUE FACE VALOE MARKE'P VALVE RATE 360 36� DFTE TO MAT
CASH WITH TRJ3TEE -FIRST TRUS:'
26011 Cash with Trvstee 3.39 0.000 0-000 0-000
__ ___ ____________________
. _.. . . . .___-____________. .__.
. . . ._-________. . .
TOTAL CASH and INVESTMENTS $ 96,069,291.39
23
11/13/199] i996 Desert Roee Series A PM - �
IhNESTMF.N? PORTFOLIG �GTAILS - INVESTMENTS RCA
OC.OBEF 3 , 1999 ECCkilN.
INVESTMENT PURCHASE 54'AT2� -- YTM --- MA?V4ZTY DAY;
NUMHER .�S�ER DATli 000A VALUE FACE VALOe: MARKET VALUE RATE 360 36S DnTE TO M�4
FIDELITY TREFSIIRY P00�
11045 Fidelity Institutional Cash 3,869.00 3,N69.00 3,869.00 5-42C 5.346 5.410 .
ll04? Fide2ity Institutional Cash .,11.6,951.00 1,116,932.OU 1,116,932.00 5.420 5.346 5.520 .
11048 Fidelity Institutional Cash 0-00 0.00 0.00 5.220 5.146 5.220 1
11053 Pidc:ity Institutional Cash 2,1]1,85�.00 2,191,868.00 2,1�1,868.00 5.440 5.365 5.440 1
11054 Fideliry InstituCional C35h 1,543.00 1,593.00 1,543.00 5.420 3.346 5.420 1
SUBTOT_ALS and AVERAGES 3,299,212.00 3,299,212.00
3,294,21G.00 �.359 5.933 1
TOTAL SNVESTME�Tg and AVG. $ 3,294,212.00 3,294,212.�0
3,298,212.00 5.359& 5.433% 1
24
11/13/I999 1996 Deeert Rose Seriea A PM � _
IISI'F.'STMENT PORTFOLIO DETAILS - 'iASH RDA
OCTO6EF 31, 199'1 ACCROAi
INVESTMENT PURCHASE STATED --- Y:'M -- � MA:tiRTTY DAYS
NUMbEn :SSCEk DA'1- BOOK VALUF FACE VALUE MARKET VnLUE RATE 360 365 �A7c TO NAT
CASF WZTH TRUSTEP �FIRST Y'RJST
26008 Caah with Trustee 2.51 0.000 0-040 0.000
TOTAL C4Sh and INVESTMGNTS ,. 3,29�,214.5]
25
11/ll/199] 1996 Desert Rose Secies B UM - �
INVESTMENT PORTFOLIO �ETAILS - INVFSTMENTS RDA
OCTOHEft 31, 1599 ACCROAI,
LNVESTMENT PORCHASE STATED - - YTM —� MF�T'JFITY DAYS
NUMHER ISSGER DATE �OOX VALU3 FACE VA1.UG MARKET VALOE R4TE 360 365 DF�TE' TO [dA?
. . . . . .. . . . . ... . .. . . .. . ... . . .___ .. ... . . _.__ _ ____-____.. . .____._ .. .. . ..___.______. ______-____. _ . . .. . . . . ... ..
PGDERAL AGENCY i55UE5 - COUYON
15016 Fede[a1 Fa[m Cs'erlcL OZ/24/9"1 1,999,895.96 1,SOO,OOO.OL 1,499,53�.25 5.400 5.492 5 S46 12/02/99 31
15015 Fetieral Home Laan Ba�k 02/24/9� 999,991.28 1,000,0OO.00 1,OOG,OOp.00 5-900 5.430 5.9CE L/26/99 25
SO9TOTASE. a:td PVBRAGES 2,499,H6E."J9 � 2,999,53i.25
2,500,000.00 5-455 _.531 29
FIDELITY TREASORY POCL
1i049 Fidelity Snscitutional Cash 9,534-00 5,539.J0 9,539.00 5.420 5.346 _.520 _
11050 Gideliry Insticut�onal Cash 823,960.OU 823,960.00 823,960.00 5.42� 5.346 5.420 1
11051 F'idelity Lnstitutional Caeli 0.00 O.00 0.00 5.220 5.1a8 5.220 1
11052 Fi�9elity Institut.o¢al Cash 2,898,5]S.OJ 2,898,535.G1; 2,d98,535.00 5.420 5.34E 5.420 1
SUBTOTALS .�nd AVnRAGES 1,]32,029.00 3,'I32,029.00
3,932,029.t�� 5.346 5-920 1
.. .. ._____________________. . _ ..._. "__"__-_________________________________-____-
TOTAI, INVESTNSNTS and AVG. 6,231,895.]4 6,231,560.25
6,232,029.00 5.390& 5.�64Y 12
26
11/13/1999 1996 Desert Rose Selies B PM - 3
INVESTMENT PORTFOLIO DETATLS - CASH RDA
OCT_OBE3 31, 1999 ACCROA=
IKVESTMENT PUR:HAS'e STATEC --- YTM --- Nu1TURi?� CAYS
M1M8ER ISSU�R �ATi�- BOOK VALUE �FACE VALUE MARKf:T VALpE RATE 3E0 365 �ATE TO MAT
CASH WITk TRO�TEG -FIRST TRUST
26009 Cash with Trus[ee L 02 0.000 0.000 0-000
TOTAL CASH and INVESTMENTS $ 6,231,896.')ti
27
11/13/199� ➢lyGhe County CouYt Atlmin Ct� PM _
I:NEuT21ENT PORTfOLIO OETAILS - INV[STMENTS kDA
OCTOBE[t 31, 1999 ACCROAi
ItiVESTMENT PIIRCHASF, S'SAT6D --- YTM. --- MAT[*RIT] CAYL-
NOMBER 1SSC�EB DATc ➢OOK VAL[c FACF VALUc DiA4KET VALUE RATE 3fiC �o� CATE _<: MAl'
FcDERAL AGENCY IiSGES - COOPON
15008 R Fedecal F'aim Credic 09�13�96 499,3�9.")9 500,000.00 501,900.25 6_125 6.312 6.400 09/09/98 250
FIDEL:TY T�EASURY POCL
1i038 Fidelity Ins[irut_onal Cash 109.OG 1�'J.UO l0i.G0 5.420 5.346 5.42J 1
12039 R Fitle'_i_ry l�stitutional Cash 3o,SB9.00 36,58"].CO 36,58"1_00 5.420 5.346 5.920 _
1�041 : Fideliry InstiCucional Cash 99,090.00 99,64�.00 9Y,640.pp 5-920 5-346 5.420 I
1i042 Fide].ity Ioeti[ucional Cash 12.00 12.C�; 12.0� 5-260 5-188 5.26� 1
11044 FideliLy I�StituLional Cash 35,289.00 35,289.00 35,289_00 5-920 5.346 5920 1
11055 Fideli.ty Institu[icnal Cash 135.00 135.L�:i 135.00 5.420 5.34G 5.a20 1
SUHTOTAL£ and nVEAAGES 191,�6N.00 lA,769.00
101,�68.00 5.346 �.420 1
TOTAL INVESTMENTS and AVG. $ 6]1,i97.7"/ 673,174.25
6")1,")68-00 6.a65& 6.149% 1Bn
___________'___________________________________________________________'________"____
____________________________________'__________________________"__"__________"___"__
20
11/13/'_99� B.y[he Comity Co�rt Admin Ctr �M � �
1NVtiSTMF.NT PORTFOLIO OETAILS - CASH RDA
� OC4'OBEk 31, 1999 ACCRJAL
SNVESTMENT PORCHASEI 53ATEO � - YTM -� N�P.TLI4_TY DAYS
MIMHER ISSJER ➢A'tE 900R VALll= FACE VA:,�� MARA£T VALUS RATF. 36� 3e5 �ATG TO MAT
CASH WI:H :RUSTLE -FIiZST TRL'ST
26009 Cash witit Tr�etee 2.91 J.00C �.000 C,GCO
TOTAL CASH anc i;SVGSTNnNTS $ 691,150.ti8
29
ll�i3�1999 ROA Desert Rase Hond Issue PN - �
INVGSTMENT PORTFOLIO DETAILS - CASH R�A
OCTOHEF 31, 199� T.^CROAL
INVESTMPN: PU4CiiA5P STATSO --- YTM - -- MIa:CR'YY JTYS
NOM9ER ISS�Ek DATE BOOA VALUF. FACE VALUc MARKE: VALUE @.4TE 36J 36S DATE TO NW?
CASH WITH TRUSTEH -FIRS?' TRUST
26001. l'dsh wiCh Trustee 3.88 0_000 OA00 C-000
TOTAL CASH and I.NESTN�NTS S 3.09
30
11/13�199� Redevelopment Agency - Genecal PM - �
IbvESTMENT POATFOLIO DETAILS - IbvESTM£N'A'S RDA
OCTOBEk 31, 199� ACCBGAL
INVF.STMENT PURCHASE STATED --� YTM --- MATUR'TY DAYS
NOMOER ISSUE� �ATF BOOK VALUE FACE VALGF, MARRET VALUE RATF. {6J 365 D'nTE TO MFlT
LOCAI, AGENCY l\VESTMEN'I' FUNDS
21000 I,ocal Agenay Ivvestment Fur. 13,169,448.8' ll,169,498.e� 13,169,948-89 5-680 0.602 5.68C .
FEDERAL AGENCY ISSUES - COJPON
15019 Pederal Home Loan Bank 02/1]/9� i,000,000.U0 1,000,0�0.00 1,�00,312.50 6.090 0.040 6.129 08/13/90 285
15020 i�eaeral hational MoeCgage A 10/03/9'I i,000,000.00 1,000,0�0.00 999,68"]_50 5.630 5.621 5.699 (18/14/98 2B6
SII6TOTAL,S a�d AVFiU1G65 2,000,000.00 2,000.000-00
2,000,000-00 S.H3G 5-9ll 286
TREASURY SECOkITIES � COOPON
1"]069 Un.tes States Tr2dsury OS/24/96 2,�01,040.13 2,000,000.00 2,005,000.00 6.125 i.905 5.98] 03;31/98 150
1'/099 U�ites SCa[es Tceasuty OS/30/96 999,696.19 1,OQO,OOO.Op 998,s3"1.5� 5.000 5.900 5.982 O1/31/99 9i
19983 Un3t�s States Treaeury 03/21/99 1,990,922.Oi 2,000,000.00 1,984,395.00 5.000 6.124 6.209 02/15/99 4"11
SOBTOTALS and AVERAGES 9,969,6$B.2B 4,98'l,Nl2 SO
S,OOO,OOO.00 5.991 6.0"/4 265
TOTAL INVESTMENTS and AVG. $ 2G,139,309.15 20,159,261..3']
20,169,448.8� 5.921E 5.800% AS
31
�
11/13/1999 Fet3evelopment Aqency - General pN -
:NVESTMENT PORTFOLIO DETAILS - CI�SH '�7A
OCTOHER 31, 199� nCC2llAL
INVESTMENT PUHC4iASE STATEJ - __.. --- N.A3L*RLTI 9AY5
NUMBER ISSU'_'R DA�E BOOK VALOE FACE VALUT: MARiCE: VALllE RATE 360 3eS DATE TO MA':
CASH WITH TRUSTEE -r1R5^ TRUST
26C06 Casn wich Truscee 0.01 0.000 O.00C O.00C
Acc_ved Interes[ at Purchase 9,663.06
TOTAL CA59 $ 9,a63.0�
TOTAL CASH and INVESTMENTS 5 20,146,770.22
32
ll�13/199� Self Help Checking PM - l
INVF.5TMENT PORTFOLIO OETAILS - CASN. ROA
OCTOBER 31, 1999 ACCRUA_
INVES'LMENT PCRCHA6E STATED --- YTM --- MATJRITY DAY:
NUMHER ISSJEH DAT& BOOB VALUE FACE VALUE NARHET VA�UE RATE 369 365 GATE� .0 MAT
PASSBOOK/CHECKING
25002 B of A - Self Help Checking 45,221.5] 0-000 0-000 O.OLL
TOY'AL CASH and INVESTMEID't5 5 45,121.5'
.._..'__________________________________________________________________________"'____"
_______________________________."___________________________________'__________"____"
N t/i
C 9
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City of Palm Desert
Month-end Investment Report
October 31, 1997
TABLE OF CONTENTS
INVESTMENT INFORMATION FOR ENTIRE PORTFOLIO
Portfolio Master Summary �
Investment Portfolio Detail - Investments 2
Investment Portfolio Detail - Cash 5
Portfolio Master Investment Activity by Type 6
Investment Activity Summary 9
Distribution of Investments by Type 10
Interest Earnings Summary 1�
Investment Portfolio Compliance Checklist 38
Portfolio Composition Description 39
INVESTMENT INFORMATION BY FUND/BOND
Assesssment District 83-1 12
1995 Refunding Bond 84-1-R 14
Assessment District 87-1 16
Indian Ridge 91-1 Series A 18
Indian Ridge 91-1 Series B 20
Sierra Nova 92•1 22
Big Horn 94-1 24
Sunterrace 94-2 26
Merrano 94-3 28
95 Refunding Bond 83-1, 84-1-R, 87-� 30
Library Foundation 32
City General Fund 33
City Loan to RDA 35
Office Complex 36
11/12/1999 City of Palm �eaest PM - 1
PORTFOLIO MAST£R SUMMARY C�TY
OCTOHER 31, 199] ACCROAL
AVERAGE ... .YIEL� TO MATORITY---
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS HOOK VALUE PORTFOLIO TERM MATURITY EQUIVALEN; EQUIVALENP
____'__________________"__"__"_"____________________""____________"_'___________________"_______"____"'_________________________"_"'
Fidelity Treasury Pool. . . . . .............. ... .$ 5,919,890.00 6.59 1 1 5.346 5.420
Local Agency Inves[ment Funde................$ 13,646,323.52 15.2� 1 1 5.602 5.680
Passbook/Checking Acrounts. ..................$ 3,a08,029.ee 3.80 1 1 4.5'll a.634
Federal Agency Issues - Covpon.............. .$ 23,922,833.02 26.64 968 922 6.159 6.245
Treasury Securities - Coupon....... . . .. . .....$ 23,901,821.86 26.62 ]81 312 6.006 6.090
City Loan to RDA.. . . . .................. ......$ 19,000,000.00 2L 16 2,192 1,338 5.462 5.538
____'____________"_______"____________"____________________'________________"_
TOTAL INVESTMENTS and AVERAGES....... ... ...$ 89,'198,898.28 100.006 930 559 5.]]38 5.8538
CASH
Passbook/Checking - No Yield Totd13. . ... . . . ..$ 1,119,003.99 0.000 0.000
(not inclvded in yield calculations)
Accned Interest at Purchase. . . . . . . . . . . . . . . . .$ 28,]58.33
_""_____'"""___________"'_"___'"_"_"_______"___'______"__________'_"__'
TOTAI� CASH and PURCHASE INTEREST. . . . . . . . . . . ..$ 1,14�,�62.32
_'� '____________________
TOTAL CASH and INVESTMENTS. . . . . . . . . . . . . . . . .$ 90,946,660.60
MONTH ENDING FISCAL
TOTAL EARNTNGS OCTOHER 31 YEAR TO DATE
Curren[ Year � $ 453,044.52 5 1,811,838.89
AVERAGE DAILY BALANCE $ 93,446,109.29 $ 99,489,010.30
EFFECTIVE RATE OF RETVRN 5.]lfi 5.69&
The investment portfolio of the City of Palm Desert complies with its Investment
Paul S. Gibson Policy and the California Government Code sections pertaining [o the investmen[
Treasurez of local agency fvnds. Pending any future actions by the City Council or any
unforeseen catastrophy the Ci[y has an adequa[e cash Flow to meet its
exoendi[ure requirements for Che �ex[ eix montha. The month-end market values
DATE were obtained from First Trust and IDC Datafeed pricing aervice.
1
11/12/199� City of Palm Desert PM - 2
INVESTMENT PORTFOLIO �ETAILS - INVESTMENTS CITY
OCTOBER 31, 199"1 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED -- YTM --- MAT[JRITY �AYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKeT VALUE RATE 360 365 DATE TO MAT
___-"_______________"_________""___________________________________________'_'. ______"________________________'""'._______' _. ___ . .
FTDELITY TREASURY POOL �
12004 Fidelity Institu[ional Cash 10.00 10.00 10.00 5.420 5.346 5.920 1
12005 Fidelity Institutional Cash 22.00 22.00 22.0o S.a20 5.346 S.a2o 1
12006 R Fidelity Ins[itutional Cash 209,997.00 209,949.00 209,94].00 5.420 5.346 5.42o 1
1200] Fidelity Insti[utional Cash 422.00 422.00 422.00 5.960 5.385 5.460 1
12009 I Fidelity Institutional Cash 35,450.00 35,45o.00 35,450.00 5.920 5.346 S 420 1
1201� R Fidelity Insti[utional Cash 183,959.00 103,954.00 183,954.0� 5.420 5.346 5.420 1
12011 Fidelity Institvtional Cash 0.00 0.00 0.00 5.140 S.o90 5.140 1
12012 I Fidelity Institutional Cash 404,881.00 404,881.00 404,881.00 5.420 5.346 5.420 1
12013 R Fidelity Institutional Cash 126,493.00 126,443.00 126,443.00 5.920 5.346 5.420 1
12015 Fidelity Institvtional Cdsh 519.00 519.00 519.00 5.990 5.365 5.990 1
12016 I Fidelity Institutional Cash 470,938.00 4]0,938.00 470,938.00 5.420 5.346 5.920 1
12018 R Fideliry Inatitutiondl Cash 650,BB'/.00 650,88].00 650,889.00 5.420 5.346 5.420 1
12019 Fidelity Institutional Caeh 929.�� 429.00 929.00 5.420 5.346 5.420 1
12020 I Fidelity Institutional Cash '],263.00 9,263.00 '1,263.00 5.420 5.346 5.420 1
12021 Fidelity Instit�tional Cash 814.0� 814.00 814.00 5.420 5.346 5.420 1
12022 R Fidelity Institvtional Cash 1,109,912.00 1,104,]12.00 1,109,912.00 5.420 5.346 5.420 1
12023 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.289 5.360 1 �
12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
12025 R Fidelity Institutional Cash 921,063.00 421,063.00 921,063.00 5.420 5.396 5.420 1
1202� R eidelity Institutional Caeh A,958.00 51,958.00 51,958.00 5.420 5.396 5.420 1
12028 R Fidelity Institu[ional Caeh 19"1,"14"1.�0 14'],]4].00 19"1,"19�.00 5.420 5.346 5.420 1
12031 Fidelity InsCiCu[ional Cash 21.00 21.00 21.00 5.430 5.356 5.430 � 1
12032 Fidelity Institutional Cash 99,255.00 49,255.00 9'],255.00 5.420 S 346 5.420 1
12033 Fidelity Ins[itutional Cash ll.00 19.00 19.00 5.420 5.346 5.420 1
12034 Fidelity Institutional Cash 135.00 135.00 135.00 5.420 5.346 5.920 1
12035 Fidelity Institutional Cash 628.00 628.00 628.00 5.420 5.346 5.420 1
12036 Fidelity Institutiwal Cash 185.00 185.00 185.00 5.420 5.346 5.920 1
12037 FideliCy In5tiCUtiOndl Cash I10.00 119.00 117.00 5.420 5.346 5.420 1
12039 Fidelity Ins[i[u[ional Cash 180.00 180.00 180.00 5.420 5.346 5.420 1
12042 I Fidelicy Institueional Caeh �69,366.0o 769,366.00 769,366.00 5.420 5.346 S.a20 1
12043 Fidelity InetiCutional Cash 2,899.00 2,899.00 2,89'/.00 5.420 5.346 5.920 1
12043 R Fideli[y Institu[ional Cash 1,152,121.00 1,152,121.00 7,152,121.00 5.420 5.346 5.420 1
12049 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.0]9 5.150 1
32045 Fidelity InstitutiOnal Ca9h 191.00 191.00 191.00 5.420 5.396 5.420 1
12o46 Fidelity Institu[ional Cash 999.00 'J9'J.00 999.00 5.420 5.396 5.420 1
12a49 Fidelity Institutional Cash 128,521-00 129,521.00 328,521�00 5.440 5.365 5.490 1
_________________ "_'_"__"...__'_ ______________ ___"_'_______" ______ _____- _'____
SUHTOTALS and AVERAGES 4,695,993.03 5,919,890.00 5,919,890.00
5,919,890.00 5.346 5.420 1
LOCAL AGENCY INVESTMENT FUNDS
12�G0 Local Agency Inves[men[ Fun 13,696,323.52 13,646,323.52 13,696,323.52 5.680 5.602 5.6B0 1
AVERAGES 13,555,859.56
2
11/12/1990 City of Palm Deaer[ em - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 199'] ACCROAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM -- F7ATTJRITY DAYS
NUMHER ISSUEA BALANCE DATE BOOK VALUE FACE VALUE MARKET VALU£ RATE 360 365 DATE TO MAT
________-_'__"________'_______________________________________________'_____________________"_. _______'-_________________________'
PASSBOOR/CRECKING ACCOIINTS
1300] Main Accoun[ (Sweep) - UBC 3,066,9"/3.�3 3,066,9'13.93 3,066,9'13.]3 4.630 9.56'1 4.630 1
13012 Office Complex (Sweep) - UB 391,0%.15 341,056.15 341,056.15 4.6"]0 4.606 4.6"!0 1
'"___"____"__'___ ___"__________ ____________'_ ______________ ""____ ____'" "____"
SUHTOTALS and AVERAGES 5,958,063.84 3,908,029.88 3,408,029.88
3,408,029.86 4.591 4.639 1
FEDERAL AGENCY ISSUES - COUPON
14016 Federal Farm Credic Bank 08/04/99 3,000,000.00 3,000,000.00 3,012,189.50 6.000 6.000 6.083 OB/09/00 1,00]
14005 I Federal Home Loan Bank 12/12/95 1,016,106.88 1,000,000.00 1,011,895.00 6.285 5.609 5.686 0�/28/00 1,00�
1400'/ Federal Home Loan Bank 10/24/96 3,992,561.81 4,000,000.00 9,003,050.00 5.820 6.019 6.102 11/�2/98 366
14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,813,500.00 6.310 6.310 6.398 03/26/99 510
14019 Federal Home Loan Bank 06/30/9'1 2,000,000.00 2,000,000.00 2,001,875.00 6.250 6.250 6.33') 12/30/98 424
19015 Federal Home LoaR BaRk 06/18/9] 3,000,000.0� 3,000,000.00 3,002,812.50 6.315 6.315 6.403 12/18/98 412
19009 FED HOME LOAN MORTGAG£ CORP O1/09/99 1,999,963.09 2,000,000.00 2,004,305.00 6.855 6.930 ].026 01/09/02 1,530
1901] FED HOME LOAN MORTGAGE CORP OB/12/99 1,999,885.42 2,000,000.00 2,001,8'/5.00 6.840 6.851 6.946 OB/12/02 1,945
19019 FED HOME LOAN MORPGAGE CORP 09/09/99 2,001,6e3.2n 2,000,000.00 2,OC1,805.00 5.840 5.636 5.]14 04/08/9B 158
14002 I FedeYal NatiOnal Moi[gage A 12/12/95 1,043,SB9.40 1,000,000.00 1,092,812.50 6.450 S 8'/'/ 5.958 07/12/99 619 �
14004 I Federal Na[ional Mortgage A 12/12/95 1,0'/3,3a4.03 1,000,000.00 1,0'J3,125.00 9.050 5.620 5.699 04/10/00 891
19o18 Tennesaee Valley Authority 09/09/9'1 1,000,938.35 1,000,000.00 976,250.00 5.950 5.836 5.9ll 09/15/98 31B
"'_____'________ ___'_'__"_"_ ___""_'_____ _____"_'_"" ______ __"_' "'__'
SUBTOTALS and AVERAGES 25,099,6]2.5] 23,922,833.02 23,996,312.50
23,800,000.00 6.159 6.245 '122
TREASURY SECURITIES - COUPON
16006 I United States Treasury 12/12/95 985,95a.95 484,000.00 a85,95a.95 5.895 5.2a1 5.314 OB/15/98 28]
1600"1 I United SCa[es Treasuiy 12/12/95 1,018,961.99 1,000,000.00 1,015,312.50 6.3]5 5.338 5.413 �1/15/00 805
16008 I United States Treasury 12/12/95 463,849.91 445,000.00 463,849.91 8.000 5.299 5.352 OB/15/99 �652
16009 I United Sta[es Treasury 12/12/95 1,O10,B55.26 1,000,000.00 1,010,312.50 9.8]5 5.212 5.284 04/15/9B 165
16010 I United StatES Treasury 12/12/95 1,015,505.'/8 1,000,000.00 1,019,3']5.00 ].125 5.2]2 5.345 10/15/98 348
16039 United States Treasury OS/31/96 1,999,462.38 2,000,000.00 2,005,000.00 6.000 5.969 6.050 OS/31/98 211
16035 Onited States Treasusy OS/31/96 1,992,292.6� 2,000,000.00 1,99'J,500.00 5.125 6.041 6.125 03/31/98 150
16036 United States Treasury 06/26/96 2,989,823.92 3,000,000.00 3,005,625.00 5.895 6.252 6.339 OB/15/98 289
16030 United States Treasury 06/26/96 2,962,208.82 3,000,000.00 2,985,939.50 5.125 6.314 6.902 11/30/98 394
16038 Vnited States Treasury 06/26/96 1,998,854.10 2,000,000.00 2,000,000.00 5.395 6.052 6.136 11/30/99 29
16092 United Sta[es Treasury 09/13/96 1,993,650.91 2,000,000.00 1,99�,500.00 5.125 6.068 6.152 02/28/99 119
16045 United States Treasury 09/05/96 1,996,908.41 2,000,000.00 2,008,950.00 6.125 6.270 6.358 08/31/98 303
1604] United SCates Tieasuzy OS/O1/99 2,003,200.05 2,000,000.00 2,021,250.00 6.395 6.1]1 6.25"/ 09/30/99 595
16�48 IInited States TreasuYy 03/21/97 1,970,922.01 2,000,000.00 1,984,375.00 5.000 6.124 6.209 02/15/99 971
__'_"""""'_" "'"""'"______ ______________ _'__'_'__"_" ______ ______ '"""
SVBTOTALS and AVERAGES 23,899,176.13 23,901,821.86 23,995�742.36
23,929,000.00 6.006 6.090 312
3
11/12/199] City of Palm DeaeiC PM - 4
INVESTMENT POftTFOLIO DETffiLS - INVESTMENTS CITY
OCTOBER 31, 199] ACCROAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM -- MAS'ORITY DAYS
NIIMBER ISSUER BALANCE DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MA;
CITY I/JAN TO RDA
12001 Redevelopment Agency-Loan 09/O1/95 19,000,000.00 19,0�0,000.00 19,000,000.00 5.538 5.962 5.538 0�/O1/O1 1,338
AVERAGES 19,000,000.00
____________________"_________"________'________________________'__-___________________"_____________
TOTAL INVESTMENTS and AVG. $ 89,998,898.28 89,916,298.26
92,188,095.13 89,]03,243.40 5."1'138 5.8538 559
Q
11/12/199� City of Palm Deee[t PM - �
INVESTMENT POATFOLIO DETASLS - CASH CITY
OCTOBER 31, 199'/ ACCRIIAL
INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS
NUMHER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
_____"_____"_"__'__________________________________________________""________...'"_________________________________________________
PASSBOOK/CHECKING ACCOUNTS
13009 Desert Willow Checking - BofA 2,"l94.40 0.000 0.000 O.O�G
13010 Desert Willow Savings - BofA 435,6�8.62 0.000 0.000 0.000
13000 City Main Account - BofA 0.00 0.000 0.000 0.000
13aa3 Office Complex Checking - BofA 6.63 � 0.000 0.00a o.000
13004 Office Complex TrusC - BofA 0.02 0.000 0.000 0.000
13002 Bank of America - Savings 0.00 2.000 1.903 2.000
13005 Library Foundation - UBC 10,000.00 0.000 0.000 0.000
13006 City Main Account - UBC 595,866.35 0.000 0.000 0.000
13ooe Office Complex Checking - 11HC 50,722.96 0.000 0.000 0.000
13011 Office Complex Tsus[ - UBC 23,990.41 0.000 0.000 0.000
_"____________ ____________'_ _'____ "_____
SUBTOTALS and AVERAGES 1,25],362.14 1,119,003.99 0.000 0.000
Accrued Interest a[ Purchase 28,'/58.33
""_""""""""""""""__"'_____'-__""""""""""'"_""""_""""""""""""_"'""""""_""___"""""
TOTAL CASN $ 1,14],]62.32 -
TOTAL CASH and INVESTMENTS $ 93,446,109.29 90,996,660.6�
5
11/12/199� City of Palm Deser[ Pn - 6
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
OCTOHER 1, 1999 - OCTOBER 31, 199] ACCRUAL
STATE� TRANSACTION PURCHASES SALES/MATURITIES
TYPF INVESTMENT q SSSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
_____________"______""__""_________________'__"___________________________________"_______________"____________'__________________
FIDELITY TAEASURY POOL (Mon[hly Summaiy)
120oa eidelity Institutional Cash 5.420 10.00
12005 FideliCy Ins[itutional Cash 5.420 22.00
12006 R Fideli[y Ins[itu[ional Cash 5.420 862.00
1200� Fidelity Institutional Cash 5.460 ]0.0�
12009 I Fidelity Institutional Cash 5.420 145.00
12010 R Fidelity Ina[itutional Cash 5.420 954.00
120ll Fidelity Institutional Cash 5.140
12012 I Fideli[y Ins[i[utional Cash 5.42� 1,663.00
120i3 R Fidelity Ins[itutional Cash 5.42� 519.00
12015 Fidelity Ins[itutio�al Caeh 5.450 663,'/83.00
12016 I Fidelity Institutional Cash 5.420 2,096.00
12018 R Fidelity Institutional Cash 5.420 2,672.00
12019 Fidelity Ins[itutional Cash 5420 1.00
� 12020 I Fidelity InstituGional Cash 5.420 30.00
12o21 Fidelity Institu[ional Cash 5.420 295.00 �
12422 R Fidelity SRstitutioRal Ca9h 5.420 586,508.00 -
12023 Fidelity InstituCional Cash 5.360
12024 Fidelity Ine[itu[ional Ca9h 5.210
12025 R Fidelity Institutional Cash 5.420 1,']26.00 .
12027 R Fidelity Institutional Cash 5.920 220.00
12028 R Fidelity Institutional Cash 5.420 60'J.00
12031 Fidelity Ins[itu[ional Cash 5.430 1.00
12032 Fidelity Institutional Cash 5.420 219.00
12033 Fideliey InsCitutional Cash 5.420 1'/.00
1203a Fidelity Institutional Cash S.e20 31.00
12035 Fidelity Institutional Cash 5.420 192.00
12036 Fidelity Institutional Cash 5.420 42.00
1203'1 Fideli[y Institutional Cash 5.420 2].00
12039 Fidelity Institutional Cash S.n20 180.00
12042 I Fidelity Institutional Cash 5.920 1,150,902.00 98'1,616.00
12043 FideliLy In9tiCUCiOnd1 CdSh 5.920 415,956.00
12093 R Fidelity Institutional Cash 5.920 988,335.00
12049 F1dE11[y II19t1CLt10Sld1 Cd3h 5.150
12095 FideliCy In9CiCLCiOnd1 Cd9h 5.420 1.00
12046 Fidelity Institutional Cash 5.420 661.00
12049 ' Fideli[y Institutional Cash 5.440
SlIBTOTALS and ENDING HALANCE 2,938,640.00 2,069,355 00 5,919,890.00
6
11/12/199� City of Palm Deeert PM - �
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
OCTOHER 1, 199] - OCTOHER 31, 199] ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATORITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
LOCAL AGENCY INVESTMENT FUNDS (Mon[hly Svmmary)
12000 Local Aqency Invesemen[ Fund 5.680 200,313.06 13,646,323.52
PASSBOOK/CHECKING ACCOUNTS (Monthly Summaiy)
13009 Desert Willow Checking - BofA 0.000
13010 Desert Willow Savings - BofA 0.000
13000 City Main Account - BofA 0.000 143,9'J9.96
13003 Office Complex Checking - 9ofA 0.000 0.59
13004 Office Complex Trus[ - BofA 0.000
13002 Bank of America - Savings 2.000
13005 Library Foundation - UBC 0.000
13006 City Main Account - VSC 0.000
13008 Office Complex Checking - UHC 0.000
130ll Office Complex Trust - UBC 0.000 500.0�
13009 Main Account (Sweep) - ISBC 4.630 2,925,109.49�
13012 Offire Complex (Sweep) - l7BC 4.6'/0 290,072.90
SUBTOTALS and EN➢ING BALANCE 290,5'/2.99 3,06B,582.45 3,908,029.88
GSH WITH TRUSTEE -FIRST TRUST (Monthly Summary)
24001 Cash with Trus[ee 0.000 0.33
24002 Cash with Trustee O.00o 0.44
2a003 Cash wi[h Trustee 0.000 0.90
24004 Caeh with Tiustee 0.000 0.04
24005 Cash wi[h Tsustee 0.�00 0.31
24006 Cash with Trustee o.000 2.06
24009 Cash with Trustee 0.000 0.04
24008 Cash wi[h Trustee 0.�00 0.85
24009 Cash with TrusCee o.001 0.50
24010 Cash with Trustee 0.000 0.16
SUBTOTALS and ENDING BALANCE 5.69 1.41 0.0�
FEDERAL AGENCY ISSUES - COUPON
14001 I Federal National Mortgage AssC 5.650 10/20/1997 1,000,000.00
14012 R Federal National Mor[gage Aesc 6.240 10/30/199] 509,181.22
SUBTOTALS and ENDING HALANC£ 0.00 1,5']9,181.22 23,922,833.02
7
11/12/199] City of Palm Desert PM - 8
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
. OCTOBER 1, 199] - OCTOBER 31, 199� ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT q ISSUER RATE DATE OR OEPOSITS OR WITHDRAWALS HALANCE
_"_____"______________________________________""___'______"__'__________________________________________"________________�_____-_"
TREASURY SECURITIES - COUPON -
23,901,821.86
CITY LOAN TO RDA
19,000,000.00
_"________________"_"____________"__"___________"_'__"___"______________
TOTALS 3,229,531.'J4 6,'115,120.08 89,]98,898.28
8
_ _ -- - _ _-- -_ __
_ _ _ _
11/12/199� PM - 9
City of Palm Deser[ CITY
INVESTMENT ACTIViTY SUMMARY ACCRUAL
OCTOBER 1996 thYough OCTOBER 199�
YIELD TO MATORITY MANAGED NUMHER OF NUMBER OF AVERAGE
MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO
END YEAR SEC[IRITIES INVESTED EQUIV EQUIV RATE PUACHASED MATiIRED/SOLD TERM MATURITY
_______"_______""'__"_______________________________________________________'_"___--_____________________"______"'..
Octobes 96 89 99,561,9']0.04 5.690 5.]69 5.150 2 2 928 "108
November 96 81 98,]�1,281.")6 5.'120 5.999 5.150 1 5 959 ]20
Decembei 96 98 ]],928,658.14 5.'J12 5.'/91 5.259 0 3 950 693
January 9'J 98 00,691,391.16 5.�48 5.82'1 5260 2 2 964 ]O1
February 99 �8 80,691,265.62 5."]4B 5.829 5.260 0 0 964 000
March 97 78 81,627,550.19 5.735 5.815 5.210 3 2 950 6'/6
April 97 77 78,911,3']3.39 5.814 5.895 6.485 0 1 9]3 673
May 99 98 84,8fl0,98'/.05 S.]44 5.923 5.310 3 2 922 621
June 9� BS 90,801,191.91 SJ98 5.878 5.360 2 0 8% 593
July 9"1 86 94,5"15,229.1"1 5.93'/ 5.81'J 5.360 0 1 853 539
Avgvst 9'/ 84 91,54],199.66 5.'/32 5.811 5.403 2 9 918 589
Sep[ember 99 88 93,21],921.33 5.945 5.824 5.490 2 2 910 565
October 90 86 89,998,898.28 5.993 5.853 5.420 � 2 930 559 �
________________________________"""'_"""'""__'_____________""_'_"'___'_"'__"'____________""_
AVERAGES 82 $ 89,831,146.9] 5.998& 5.8258 5.3905 1 2 932 642
9
11/12/199] PM - 10
City of Palm Desert CITY
DISTRIBUTION OF INVESTMENTS BY TYPE ACCRUAL
OCTOHER 1996 through OCTOBER 1997
MONTH "_"____________________________________"________ TYPES OF INVESTMENTS ___.___..____""_"_
. _____________________________
END YEAR HCD SCD LA1 LA2 LAS PA1 PA2 MTN BAC CPI COM FAC FAD TRC TRD MD1 MC1
___________"_"________________"___"_________________"_____________"________"______________________"_________________________________
OCYober 96 3.4 0.0 20.2 3.1 1L 5 1.2 36.3 0.3 23.9
November 96 5.2 0.0 16.6 3.1 19.2 0.5 36.2 24.1
December 96 ].0 15.6 3.2 19.4 35.5 24.4
January 99 ].5 19.1 15.9 34.2 23.6
February 9"1 "1.5 19.1 15."I 39.2 23.6
Mamh 99 6.5 19.4 18.9 32.1 23.3
April 9] 5.9 20.3 19.1 30.6 29.1
May 9'1 5.5 23.6 1]."I 30.8 22.4
Sune 9"1 5.0 1"1.8 5.4 22.0 28.8 20.9
July 9'/ 4.6 10.4 4.3 5.2 20 J 2].9 20.1
August 99 6.9 19."1 6.9 24.9 26.1 20.8
September 99 5.6 19.4 6.5 2"1.5 25.6 20.4
OCtober 9] 6.6 15.2 3.8 26.6 26.6 21.2
________""_'_""""__"____"_"_______"_'___""'"_____________________________"___________________________________________
AVERAGES 5.9& 0.0& 18.0& 1.98 1.SR 19.1� 0.1§ 31.1& 0.08 22.5&
BC� - Certificates of Deposit - Bank SCD - Certificates of Depoei[ - S s L
LA1 - Fidelity Treasury Pool LA2 - Managed Pool Accounts
LAS - Local Agency Investment Funds PA1 - Paeebook/Checking Accounts
PA2 - Cash with Trustee -First Trust MTN - Medium Term No[ea
BAC - Bankers Acceptancea CPI - Commercial Paper - Interest Bearing
COM - Commercial Paper - Discount FAC - Federal Agency Iseuea - Coupon
FAD - Federal Agency Issues - Discount TRC - Treasury Securities - Coupon
TRD - Treasury Securitiee - Discount MD1 - Treasury Securities - T-Bills
MC1 - City Loan Lo RDA
10
11/12/199] PM - 11
City of Palm Deeert CITY
INTEREST EARNINGS SUNPIARY ACCRUAL
OCTOBER 31, 1997
MONTH ENDING FISCAL
OCTOHER 31, 199") YEAR TO DATE
CD/Coupon/Discount Inves[men[s:
InCe[est Collected $ 225,434.29 $ 1,�14,639.8"1
PLUS Accsued Inteiest a[ End of Period 3,226,836.48 3,226,936.48
LESS Accrued Inteiest at 6eginning of Pei'iod ( 3,111,'/86.05) ( 2,863,962.4�?
_____'______"____- "_________________
Interest Earned during Period 5 3a0,484.'/2 1,3]9,508.88
ADJUSTED by Premiums and Discounts 889.90 3,430.58
ADJIISTED by Capital Gains or Losses 1,090.66 1'/5.'/B
__________________ __________________
Eaznings dusing Petiod 392,960.08 $ 1,381,095.24
Mortgage aacked Securitiee: .
interesc Collected $ 0.00 $ o.00
PLUS Acrrued Sntereat at End of Period o.o0 0.00
LESS Accrued in[erest at Beginning of Period ( o.00) ( o.00) �
______"__'"_______ _'_'____'_____"'_'
Interest Earned during Period $ 0.00 0.00
ADSUSTED by Piemiums and Discoun[s 0.00 0.00
AD.IUSTE� by Capital Gains or Loasea 0.00 0.00
_"_"__"_"________. ________________"_
Eaznings during Period 0.00 $ 0.00
Cash/Checking Accounts:
Interest Collected $ 222,163.61 S 54'/,2']9.99
PLUS Accrued Interest at End of Period 433,832.69 433,832.69
LESS Accrved Interest at Beginning of Peziod ( 545,411.86) ( 550,363.55)
______"_"_________ """__"_"'___""_'__
Interest Earned during Peziod $ ll0,584.94 $ 430,043.63
TOTAL Interes[ Earned duzing Petiod $ 451,069.16 $ 1,808,252.51 -
TOTAL Ajustments from Premiums and Discounts S 884.70 S 3,910.58
TOTAL Capital Gaine or Losses $ 1,090.66 $ 1'15.98
TOTAL Earnings duzing Peziod $ 453,049.52 $ 1,A11,838.8')
11
11/12/199� Asaeasment Distzict 83-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVeSTMEN'1'S CITY
OCTOBER 31, 1999 ACCRUAL
INVESTMENT PUACHASE STATED --- YTM --- MATi1RITY �AYS
NUMBER ISSUER DATE HOOK VALUE ' FACE VALUE MARKET VALUE RATE 360 365 �ATE TO MAT
____-_____"_______________"_________--_________"_____-__"________________"'______"_"_______"'__-_____"____________"___________._"_
FIDELITY TREASURY POOL
1202'/ R Fidelity Ins[itutional Cash 51,950.00 51,958.00 51,958.00 5.920 5.346 5.420 1
12034 Fideli[y Institutional Cash 135.00 135.00 135.00 S.n20 5.3n6 5.920 1
______________ ____'_________ __________"___ ______ __""."_ "____'
SlIBTOTALS and AVERAGES . 52,093.00 52,093.00
52,093.00 5.396 5.420 1
___"_"_______'____"________'_______"_______________'_____________________"'".___"
TOTAL INVESTMENTS and AVG. $ 52,093.00 52,093.Oo
52,093.00 5.346& 5.4204 1
12
11/12/199] Assessment �is[rict 83-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 199] ACCROAL
INVESTMENT PURCHASE STATE➢ -- YTM --- MATURITY �AYS
NUMBER ISSUER DATE H00% VALUE FACE VALUE MARKET VALUE RATE 360 365 OATE TO MAT
CASH WITH TRUSTEE -FIRST TRUST
24002 Cask wi[h Trustee 1.18 0.000 0.000 0.000
___'"___________'______________________________________"______"____'_____'"'_'___"__
TOTAL CASH and INVESTMENTS $ 52,094.18
13
11/12/199� 1995 Refunding Bonds 84-1-R PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
. OCTOBER 31, 1990 ACCRUAL
INVESTMENT PVRCHASE STATED --- YTM --- MATURIT'Y DAyS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
_"_______________"'_____"________________"__________________"__""_____________________'__"___"__"""___"_____________""________"___
FIDELITY TREASURY POOL
12025 R FideliCy Institutional Cash 421,063.00 421,063.00 921,063.00 5.420 5.396 5.420 1
12035 Fidelity Ins[itvtional Cash 628.00 628.00 628.00 5.420 5.346 5.420 1
______________ _____"______. ' "__________"_ '_____ ______ ______
SUBTOTALS and AVERAGES 421,691.00 421,691.00
421,691.00 5.346 5.920 1
______________________________"_______'___________________"_"________"'_________
TOTAL INVESTMENTS and AVG. $ 421,691.00 421,691.00
421,691.00 5.346& 5.420& 1
14
il/12/199� 1995 Refunding Honda 84-1-R PM - 3
INVESTMENT PORTFOLIO DETAILS - GSH CITY
OCTOBER 31, 1999 ACCROAi
INVESTMENT PllRCHASE STATED --- YTM --- MATISRITY DAYS
N[IMBER ISSUER DATE BOOK VALUE FACE VALUE MARICET VALUE RATE 360 365 DATE TC MAT
_______________""""'__'___________""_"_""'"_________'____"'"_"'_'_'__-_'____"_"___"__"__"___________________________________
CASH WITH TRUSTEE -FIRST TRI15T
29001 Cash wi[h Trustee 1.12 0.0�0 0.000 0.000
_____________"______"___""__"_____"_"_____-_______"______._________________'____"__
TOTAL CASH and INVESTMENTS $ 421,692.12
15
_ __ ___ _ ._ _ _
11/12/199� AD 8�-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 1997 ACCRIIAL
SN'1E5'1'MENT PURCHASE STATED -�- YTM --- MATURITY DAYS
NUMBER ISSUER DATE 600K VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
__"_____________________"____"'_-_"_"____"_'"___"_"_______"__"___"___-_______'"____'""'"__"__-____"_________"__________________'_"
FIDELITY TREASURY POOL
12028 R Fidelity InStitu[ional Cash 149,999.00 149,949.00 149,]4].00 5.420 5.396 5.420 1
12036 Fidelity Institutional Cash 185.00 185.00 185.00 5.420 5.346 5.420 1
__'_"____"____ '_____________ _"___'______"" __'.___ ______ ______
SUBTOTALS and AVERAGES 149,932.00 149,932.�0
19'],932.�� 5.346 5.420 1
"_______________"_______"'.'_"_"______"__"'________________"________________"___'
TOTAL INVESTMENTS and AVG. $ 14],932.00 14],932.00
19'/,932.�0 5.34`a% 5.920� 1
16
11/12/1999 AC� 8�-I PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 1999 ACCAUAL
jNVESTMENT PIIRCHASE $TATE� --- YTM --- MATURITY DAYS
NVMBER ISSUER OATE HOOK VALUE FACE VALIIE MARKET VALUE RATE 360 365 DATE TO MAT
_____________"__".'__"'___"___'____"'"__"___"__"____""__'""____'_""__________"____'"________________________________________-___
CASH WITH TRUSTEE -FIRST TRUST
29009 Cash with Trustee � 0.6"1 0.001 �.001 0.001
__"______"'_"_______"________"________________"""__"_____________"_________________
TOTAL CASH and INVESTMENTS 5 14"1,932.6] �
17
11/12/199] Indian Aidge 91-1 Senies A PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 199] ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATIIRITY OAYS
MIMBER ISSIIER DATE BOOR VALUE 'FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
__________________________'___"________-____"_'___'______________"_"__________"____'"____"_____________________... .... " .__'____""
FIDELITY TREASUAY POOL
12015 Fidelity Institutional Cash 519.00 519.00 519.00 5.440 5.365 5.940 1
12016 I Fidelity Institutional Cash 9"10,938.0� 4]0,938.00 4"]0,938.00 5.420 5.346 5.420 1
12022 A Fidelity Institutional Cash 1,104,'112.00 1,104,'/12.00 1,104,'/12.00 5.420 5.346 5.420 1
""'_"'""___ ___'__'_____"' "'_________""' '_____ ______ '_____
SUHTOTALS and AVERAGES 1,5'/6,169.00 1,5'16,169.00
1,5'16,169.00 5.346 5.420 1
___________""______""'__"________"____-"__'__________"___'______________________
TOTAL INVESTMENTS and AVG. $ 1,5']6,169.00 1,5"/6,169.00�
1,5]6,169.00 5.3468 5.4208 1
18
11/12/199] indian Ridge 91-1 Series A PM - 3
INVESTMENT PORTFOLIO DETAILS - CASA CTTY
OCTOBER 31, 1990 . ACCRUAL
INVESTMENT PURCHASE STATED --- YTM -- MATURITY DAYS
NUMBER ISSUER �ATE BOOK VALUE FACE VALUE MARKET VALUE RATE 36� 365 DATE TO MAT
__"""_"___________________'"_________________________"______________"'_________'-_"_____'"'______________________________________-
CASH WITH TRUSTEE -FIRST TRUST
24004 Cash with Trustee 1.96 0-000 0.000 0.000
_"""_____"'_""'______________'""'_""_'_'__""'"_______________'___"""__""_"_
TOTAL CASH and INVESTMENTS $ 1,5]6,1]0.96
'19
11/12/199] Indian Ridge 91-1 Series B PM - 2
INVESTMENT PORTFOLIO OETAILS - INVESTMENTS CITY
. OCTOBER 31, 199� ACCAUAL
INVESTMENT PURCHASE STATED --- YTM -- MATURITY DAYS
NUMHER ISSUER DATE BOOK VALUE FACE VALllE MARKET VALUE RATE 36� 365 DATE TO MAT
____"_""_____'"_'_"_____"__________________________________'""___________________________"___"___"__'__'_'"'"_'"__'_'______"'._'__
FIDELITY TREAS[1RY POOL
12042 I Fidelity Ins[itutional Cash 969,366.00 969,366.00 '/69,366.00 5.420 5.346 5.420 1
12043 Fidelity InsCitutional Cash 2,899.00 2,89'/.00 2,699.00 5.420 5.346 5.420 1
12043 R Fidelity InsCitutional Cash 1,152,121.00 1,152,121.00 1,152,121.00 5.420 5.346 5.920 1
12044 Fidelity Institu[ional Cash 0.00 0.00 0.00 5.150 5.099 5.150 1
______"__""' "'"___________ '"'"_"__'_"_ ______ ____'. ______
SUBTOTALS and AVERAGES 1,929,389.00 1,929,384.00
1,924,384.00 5.346 5.420 1
FEDERAL AGENCY ISSUES - COUPON
140�5 I FedeLdl Home LOdn BdRk 12/12/95 1,016,106.88 1,000,000.00 1,011,805.00 6.285 5.608 5.686 09/28/00 1,00�
19011 Federal Home Loan Hank 03/26/99 1,800,0�0.0� 1,800,000.00 1,813,500.00 6.310 6.310 6.398 03/26/99 530
19002 I Federal National Mortgage A 12/12/95 1,043,589.40 1,000,000.00 1,042,812.50 8.450 5.8�0 5.958 0"I/12/99 618
190�4 I Federal Na[ional Mortgage A 12/12/95 1,073,344.03 1,000,000.00 1,�73,725.00 9.050 5.62� 5.699 On/10/00 891
______________ _'__"_"'____ _____________' '_____ ___"_ ______
SVBTOTALS and AVERAGES 4,933,040.31 4,941,312.50
4,800,000.00 5.924 6.006 ]1]
TAEASURY SEC[IAITIES - COUPON
16006 I Uni[ed Statea Treasury 12/12/95 - 485�954.95 484,000.00 485,954.95 5.8"IS 5.241 5�314 OB/15/98 287
1600'I I United 5[ates Treasury 12/12/95 1,018,961.99 1,000,000.00 1,015.312.50 6.3'/5 5.338 5.413 O1/15/00 805
16009 I IIni[ed States Treasury 12/12/95 463,849.91 995,000.00 463,849.91 8.000 5.2]9 5.352 09/15/99 652
16�09 I IInited States Treasury 12/12/95 1,010,855.26 1,000,000.�0 1,010,312.50 '].8']5 5.212 5.269 04/15/98 � 165
16010 I United StateS Treasury 12/12/95 1,015,505.'IB 1,000,000.00 1,014,3'15.00 '1.125 5.2'/2 5.345 10/15/98 348
_____'________ _____________'. _""______"_"__ ______ ______ _____"
SUBTOTALS and AVERAGES 3,994,92].89 3,989,804.86
3,929,OOo.oO 5.2"/1 5.344 446
________'_""__'_______"__"______'_______________'_________________________"____"
TOTAL INVESTMENTS and AVG. $ 10,852,352.20 10,855,501.36
10,653,389.00 5.501& 5.6588 490
2�
11/12/199] Indian Ridge 91-1 Series H PM - 3
INVESTMENT POATFOLIO DETAILS - CASH CITY
OCTOBER 31, 199] ACCAUAL
I�ESTMENT PURCHASE STATED --- YTM --- MAT[72ITY DAYS
NUMHER ISSUER DATE BOOK VALUE FACE VALUE MPRKET VALOE RATE 360 365 �ATE TO MAT
__________"______"___"_"__"____________________________'______"__________________________'______________________"_""____""__"____
CASH WITH TRllSTEE -FIRST 1RUST
24010 Cash with Trustee 0.98 0.000 0.00� 0.000
______________________'"_"__--________-_-______________"__"__"________________"___'
SOTAL CASH and INVESTMENTS $ 10,852,353.08
21
11/12/199� Sierra Nova 92-1 PM - 2
INVESTMENT PORTFOLIO �ETAILS - INVESTMENTS CITY
OCTOBER 31, 1999 ACCRUAL
SNVESTM£NT P�C�SE STATED -- YTM --- MATURSTY DAYS
NUMHER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 �ATE TO MAT
_____'"__"__'_____________________________"___"__"__"_______________________________'_-_"____""__"_______�___-_________"__""._____
FIDELITY TREASURY POOL
12004 Fideli[y InstiCutional Cash 10.00 10.00 30.00 5.420 5.346 5.920 1
12005 Fidelity Insti[utional Cash 22.00 22.00 22.00 5.420 5.346 5.420 1
12006 R Fidelity Insti[utional Cash 209,94'/.00 209,949.00 209,94'].00 5.420 5.346 5.920 1
12�0'] Fidelity Institu[ional Cash 922.00 422.00 422.00 5.460 5.385 5.460 1
12�45 Fidelity Institu[ional Cash 191.00 191.o0 191.00 5.420 5.346 5.420 1
___"_____"_'__ ____________"" ________"_____ ""____ ______
SIIHTOTALS and AVERAGES 210,592.00 210,592.00
210,592.00 5.346 5.420 1
____'_____'_"_""___'_""__'"'__________'"__'_'__'_______"'"'_"_'___""______
TOTAL INVESTM£NTS and AVG. $ 210,592.00 210,592.00
210,592.00 5.346& 5.4208 1
22
11/12/1999 Sierra Nova 92-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 199� ACCROAL
INVESTMENT PORCHASE STATE� --- YTM --- MANRITY OAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALLIE MARRET VALUH RATE 360 365 �ATE TO MAT
______________________________________________________'_-"_"____________'_____'."'__'_____________________________________________-
CASH WITH TRUSTEE -FIRST TRUST
29008 Cash with Tiustee 1.66 0.000 0.000 0.000
____"_______________________________"__""_"____'__"__""_"_'____________________'___
TOTAL CASR and INVESTMENTS $ 210,593.66 �
23
11/12/199� Big Horn 94-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 199'] ACCROAL
INVESTMENT YURCHASE STATED --- YTM --- MATIIR'TY DAYS
NUMHER ISSUER DATE BOOK VALUE � FACE VALUE MARKET VALUE RATE 360 365 �ATE TO MAT
_"'__"_______________"_"_________"""_____"____________""'_______________"________________________________________________________.
FIDELITY TAEASURY POOL
12018 R Fidelity Institutional Cash 650,88"1.00 650,889.00 650,88'/.00 5.920 5.346 5.920 .
120i9 Fidelity Tnstitutional Cash 929.0� 429.00 429.00 5.420 5.346 5.420 1
12020 I Fidelity Inatitutional Cash '/,263.00 ],263.00 �,263.00 5.420 5.346 5.420 1
12021 Fideli[y Ins[itutional Cash 819.00 814.00 814.00 5.420 5.396 5.420 1
______________ ______________ ______"______" _"_""" ______ ______
Sl18TOTALS and AVERAGES 659,393.00 659,393.00
659,393.00 5.346 5.420 1
_________________"____________"___'_______________"_____"_"__'_______________"__
TOTAL INVESTMENTS and AVG. $ 659,393.00 659,393.00
659,393.00 5.346& 5.4206 1
24
ll/12/199] Big Hozn 94-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOHER 31, 1999 ACCRUAL
INVeSTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
N[tMBER ISSUER DATE BOOK VALIlE FACE VALUE MARI(ET VALUE AATE 360 365 DATE TO MAT
_'_"___"______"______________________________________________""_"__________"'___________________________"____________"'"__'_______
CASH WITH TRUSTEE -FIRST TRUST
2400"] Cash with Ttustee 2.45 0.000 �.000 0.000
__________'____"___________________"___-__________________________________'_'___"'"
TOTAL CASH and INVESTMENTS 5 659,395.45
25
11/12/1990 Sunterrace 94-2 PM - Z
INVESTMENT PORTFOLIO OETAILS - INVESTMENTS CITY
OCTOHER 31, 199'1 ACCRUAL
INVESTMENT PURCHASE STATE� --- YTM --- MATURITY �AYS
M/MBER ISSIIER DATE BOOK VALIIE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
__"""_'______""_'__""__________________"_______________________________________________________________________""_____________"..
FIDELITY TREASURY POOL
12009 I Fidelity Institutional Cash 35,450.00 35,450.00 35,450.00 5.420 5.346 5.420 _
12010 R Fidelity Institutional Cash 183,954.00 183,954.00 183,954.00 5.420 5.346 5.92G 1
12032 Fidelity Institutional Cash 49,255.00 4'l,255.00 4'1,255.00 5.920 5.346 5.420 1
12033 Fidelity Institutional Cash 1�.00 19.00 1].0� 5.420 5.346 5.920 1
_________"__'_ ______________ ____"__"_"_"__ _""_-_ ______ ______
SIIBTOTALS and AVERAGES 266,6]6.00 266,696.00
266,6'/6.0� 5.346 5.420 1
"".'__"______-____"___"______________________________"_____"___"_'___""___'"_____
TOTAL INVESTMENTS and AVG. $ 266,6'/6.00 266,696.0�
�266,696.00 5.346& 5.9204 1
26
il/12/199] Sunterrace 94-2 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 199] ACCRUAL
INVESTMENT PUACHASE STATED --- YTM --- MATORITY OAYS
NUMBER ISSUER DATE HOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
___________'__"_'__"_____________________"_"__"__"______"_____'___-__-___"____________"___-____"__'____"_________________'""_""___
CASH WITH TRUSTEE -FIRST 1RUST
24006 Cash wi[h Trustee 2.2'/ 0.000 0.000 0.000
_____________________"___"_"____"""____'______________"""'_______________________
TOTAL CASH and INVESTMENTS $ 266,698.29
27
11/12/1999 Merano 94-3 PM - 2
INVESTMENT PORTFOLIO �ETAILS - INVESTMENTS CITY
OCTOBER 31, 1999 ACCRUAL
INVESTMENT PURCHASE STF+TED --- YTM --- MATUFtITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 36� 365 DATE TO MAT
_""_'____""______________________________"__--_'_____"__"________"_________-___"_________'_______________-_______________________
FIP�LT_TY TREASURY POOL
12011 FideliCy Institu[ional Cash 0.00 0.00 0.00 5.140 5.0")0 5.190 1
12012 I Fidelity Institutional Cash 904,881.00 404,881.00 909,881.00 5.420 5.346 5.920 1
12�13 R Fidelity Institutional Cash 126,443.00 126,443.00 126,443.00 5.420 5.346 5.420 1
12031 Fidelity Institutional Cash 21.00 21.00 21.00 5.430 5.356 5.430 1
1243] Fidelity Institutional Cash 11�.00 119.00 119.00 5.420 5.346 5.420 1
____"___""____ ___'____"____' _________'_"'_ ______ ______ _"____
SUBTOTALS a�d AVERAGES 531,962.00 531,962.00
531,462.00 5.346 5.420 1
____"'_'"________'__"'_'_'_'_"'____"__"___'_'_______"""___________'__"""__
TOTAL INVESTMENTS and AVG. $ 531,462.00 531,462.00
531,462.00 5.3469 5.420& 1
20
11/12/199] Merano 94-3 PM - e
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOHER 31, 199] ACCRUAL
INVESTMENT PURCHASE STATED -- YTM --- MATIIRITY �AYS
NUMBER SSSUER DATE BOOK VALUE FACE VALUE MARI(ET VALUE RATE 360 365 DATE TO MAT
_____"'_________________"__'_'_"___"_______________'____"_______"__________"_ '__"___________"'____'______________"__""""""_'____
CASH WITH TRUSTEE -FIAST TRUST
29��5 Cash wiCh Tnustee 1.56 0.000 0.000 0.000
___________________"__________'_'______________�_"'_____________""_________________"
TOTAL CASH and INVESTMENTS $ 531,463.56 ,
29
ll/12/199� 95 REV HND: 83-1, 89-1-R, 8�-1 PM - 2
INVESTMENT PORTFOLIO �ETAILS - INVESTMENTS C.TY
OCTOBER 31, 199'J ACCRUAL
INVESTMENT PURCHASE STATED --- YTM -- MATURITY DAYS
NUMHER ISSOER DATE BOOR VALUE -FACE VALOE MARKET VALOE RATE 360 365 �ATE TO MAT
__"-_____"_______"_'""'______""'________________"_________"__"_______________________'____________'"__"__________-_______________
FIDELITY TREASURY POOL
12023 Fidelity Institutional Cash 0.00 0.�0 0.00 5.360 5.289 5.360 1
12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
12039 Fidelity Institu[ional Cash 100.00 180.00 180.00 5.920 5.346 5.420 1
12096 Fidelity Institutional Cash 999.00 ]99.00 990.00 5.420 5.346 5.420 1
12099 Fideli[y Insti[utional Cash 128,521.0� 128,521.00 128,521.00 5.440 5.365 5.990 1
. _"____________ ______________ ____"_________ ____'_ ______ ___"'"
SUBTOTALS and AVERAGES 129,998.00 129,998.00
129,498.00 5.365 5.440 1
_____________________________"___"_______________"'_______________"_"_________"_
TOTAL INVESTMENTS and AVG. $ 129,998.00 729,498.�0
129,498.00 5.365& 5.440& 1
30
11/12/199] 95 REV BND: B3-1, 84-1-R, 8�-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASK CITY
OCTOBER 31, 199] ACCROAL
INVESTMENT PURCHASE STATED --- YTM --- MA'NRITY �AYS
NUMBER ISSUER DATE HOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 OATE TO MF.T
________"_""_____"____________'__'_________'______________"__"_______"________"_________________'__"____"_______________________"_
CASH WITH TRllSTEE -FIRST TAUST
24003 Cash with Trustee 1.'15 0.000 0.00o 0.000
"""_"__"'______________________"'_'___""___________""_'_________________'_'"_
TOTAL CASH and INVESTMENTS $ 129,499 JS
31
il/12/199� Library Foundation PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 199] ACCRUAL
INVESTMENT PURCHASE STATE� --- YTM --- MATURITY DAYS
NUMHER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 �ATE TO MAT
____________"_____"______________"_______"_"____________________"_________"________________________________"_..._'_______""_"_'____
PASSB00%/CHECRING ACCOUNPS
13005 Library Foundation - lSBC 10,000.00 o.000 0.000 O.00G
_______________"_______"_____-_______________________________'"____"_""___.'_______
TOTAL CASH and INVESTMENTS S 10,000.00 �
32
11/12/1999 City General Fund PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
OCTOBER 31, 199] ACCRUAL
INVESTMENT PORCHASE STATED --- YTM --�� MATpRITY DAYS
NUMBER ISSJER DATE 000K VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
____________________________'____"________________________"-____-'____________________"'_____________'.__'.__________"_____________"
LOCAL AGENCY INVESTMENT FUNDS
12000 Local Agency I�vestmenC Fun 13,696,323.52 13,646,323.52 13,646,323.52 5.680 5.602 5.680 1
PASSBOOK/CHECKffiG ACCOUNTS
13009 Main Account (Sweep) - UBC 3,066,993.�3 3,066,9'13.93 3,066,9'13.03 9.63o 4.56� 4.630 1
FED£RAL AGENCY ISSUES - COUPON
14016� Federal FaYm Credi[ Bank OB/09/9"1 3,000,000.00 3,000,000.00 3,012,187.50 6.000 6.000 6.093 OB/04/00 1,007
1400"J Federal Home Loan Bank 10/24/9fi 3,992,561.81 9,000,000.�� 4,003,'/50.00 5.820 6.019 6.102 ll/02/98 366
14019 FedeYal Home Loan BaRk 06/3�/9"/ 2,000,000.00 2,000,000.�0 2,001,875.00 fi.250 6.250 fi.337 12/30/98 924
14015 Federal Home Loan Bank 06/18/99 3,000,000.00 3,000,00�.00 3,002,812.50 6.315 6.315 6.403 12/18/98 912
ia009 FED HOME LOA{a MORTGAG£ CORP O1/09/9� 1,994,763.89 2,000,000.00 2,009,375.00 6.855 6.930 9.026 O1/09/02 1,530
14019 FED HOME LOAN MORTGAGE CORP OB/12/9] 1,999,895.42 2,000,000.00 2,001,9'J5.00 6.840 6.851 6.946 08/12/02 1,045
14019 FED HOME LOAN MORTGAGE CORP 09/09/9� 2,001,693.24 2,000,000.00 2,001,805.00 5.840 5.636 5�]14 04/OB/99 158
14018 Tennessee Valley Authority 09/09/99 1,000,938.35 1,000,000.00 9]6,250.00 5.950 5.836 5.919 09/15/98 318
______________ _"__________"_ _'____________ ____'_ ______ ______
SUBTOTALS and AVERAGES 18,989,992.�1 19,005,000.00
19,000,000.00 6.220 6.309 ]24 �
TREASURY SECURITIES - COUPON �
16039 Uni[ed Sta[es Treasury OS/31/96 1,999,962.38 2,000,000.00 2,005,000.00 6.000 5.960 6.050 �5/31/9B 211
16035 United States Treasury OS/31/96 1,992,292.60 2,000,000.00 1,999,500.00 5.125 6.041 6.125 03/31/98 150
16036 United States Treasury 06/26/96 2,989,823.92 3,000,000.00 3,005,625.00 5.875 6.252 6.338 08/15/98 28'/
16030 UniCed Statea Treasury 06/26/96 2,962,208.82 3,000,000.00 2,985,939.50 5.125 6.314 6.402 11/30/98 399
16038 Vnited States Treasury 06/26/96 1,998,854.19 2,000,000.00 2,000,000.00 5.3"/S 6.052 6.136 11/30/9"I 29
16092 OniCed Statea Treasury 09/13/96 1,993,650.91 2,000,000.00 1,99"1,500.0� 5.125 6.068 6.152 02/28/98 119
16045 Onited State6 Treasury 09/OS/96 1,996,408.41 2,000,000.00 2,008,750.00 6.125 6.290 6.358 OB/31/90 303
16099 United States Treasvey OS/O1/9� 2,003,20�.]5 2,000,000.00 2,021,25�.00 6.3]5 6.111 6.25] 04/30/99 -545
16098 Onited SCaCeb TLeasury 03/21/9"] 1,9'10,922.01 2,000,000.00 1,984,375.00 5.000 6.124 6.209 02/15/99 491
_'"""__"'___ ______________ "__"'__"_____ _'""" ______ '_""
SUBTOTALS and AVERAGES 19,906,893.9'1 20,005,93'/.50
20,000,000.00 6.159 6.239 285
______________'__________"_______________'_______"______""__________________""__
TOTAL INVESTMENTS and AVG. $ 55,609,9B3.93 55,"124,239.']5
55,]13,29'/.25 5.959i 6.0364 349
11/12/199] City General Fund PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
OCTOBER 31, 199'] ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MANRITY �AYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 �ATE 20 MAT
"____"____"""""___________________________________________""'__"_'"______________""_____________________"_________________________
PASSHOOR/CHECKING ACCOUNTS
13000 City Main Account - BofA 0.00 0.000 0.000 0.000
13002 Bank of America - Savings 0.00 2.000 1.993 2.000
13006 City Main Account - UBC 595,866.35 0.000 0.000 0.000
SVBTOTALS and AVERAGES 595,866.35 0.000 o.000
ACCYued Interest at PurChase 28,"158.33
__"'_"___"_'___'__'__"__'________'_____'__"'______'_________"'.___________
TOTAL CASH $ 624,629.68
TOTAL CASH and INVESTMENTS $ 56,234,608.61
11/12/1990 CTTY LOAN TO RDA PM - 2
1�£STMENT PORTFOLIO DETAILS - INVESTMENTS C?TY
OCTOBER 31, 199] ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATOAITY DAYS
NUMSER ISSUEA DATE HOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
___________________""______________"_"_____________-___""________________________________"______________________________________-_
CITY LOAN TO RDA
12001 Redevelopmen[ Agency-Loan 0"1/O1/95 19,000,0�0.00 19,000,000.00 19,000,000.00 5.538 5.962 5.538 0]/O1/O1 1,33d
____'""_____"__________________"__"_'_"____""___""________"__'"_______"_""______
TOTAL INVESTMENTS and AVG. $ 19,000,000.00 . 19,000,000.00
i9,000,000.o0 5-462& 5-538& 1,338
35
11/12/199� OEfice Complex PM - 2
� INVESTMENT PORTFOLIO DETAILS - I�£STMENTS CITT
OCTOBER 31, 199] ACCRUAL
INVESTMENT PURCHASE STATED --� YTM -- MATORITY DAYS
NUMBER ISSUER DATE HOOR VALUE � FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
PASSBOOK/CHECRING ACCOIINTS
13012 Office Complex (Sweep) - UB 341,056.15 341,056.15 391,056.15 4.690 4-606 4.6"]0 1
_____________________________'"___________________"_"__"____"___________________
TOTAL INVESTMENTS and AVG. $ 341,056.15 341,056.15
341,056.15 4.6068 9.6]0& 1
36
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� S7ATE�1F CALIFORNIA
MATT FONG. Treesurer
OFFICE OF THE TREASURER
SACRAMENTO
..;
LOCAL AGENCY INVESTMENT FUND
P.O. BOX 942809
Date: 09�30�97 SACRAMENTO, CA 94209-0001
Page: O1 SEPTEMBER, 1997 STATEM�NT
ACCOUNT NUMBER: 65-33-015
PALM DESERT REDEVELOPMENT AGENCY
ATTN: PAUL GISSON� TREASURER
. 73-510 FRED WARING �RIVE
PALM DESERT CA 92260
EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION
DATE DATE TYPE NO CALLER AMOUNT BALANCE
--------- ----------- ---- ------ ------ --------------- ---------------
BEGINNING BALANCE - REG $12 , 983, 97R. . 45
---------------
ENDING BALANCE - REG $12, 9B3, 97P .45
---------------
GRAxiD TOTAL $12, 9B3, 978 .45
________�______
3UHR�IARY
TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AM4'
---------- ----------------- --------------------
REG 0 $0.00 $0 . 00
�� "� �th �ll�von �c,�,_.
c�v� : p�
POOLED MONEY INVESTMENT ACCuUNT
SUMMARY OF INVESTMENT DATA
A COMPARISON OF SEPTEMBER 1997 WITH SEPTEMBER 1996
(Dollars in Thousands)
SEPTBMBER 1997 SEPTEMBER t996 CHANGE
Average Daily Portfolio $28,367,781 $27,761,544 + $606,237
Accmed Eamings $133,059 $127,801 +$5,258
Effective Yield 5.707 5.601 +.106
Avecage Life--Month End(in days) 227 233 -6
Total Security Transactions
Amount $22,073,936 $14,906,115 +$7,167,821
Number 483 345 +138
Total Time Deposit Tcansacdons
Amount E234,100 $94,900 +$139,200
Number 41 ]7 +24
AvttageWorkdaylnvestmentActivity $1,062,287 $750,051 +$312,236
Prescribed Demaad Account Balances
For Services 5117,447 $123,681 -56,234
For Uncollected Funds $169,271 $173,446 -54,175
LOCAL AGENCY INVESTMENT FUND*
SUrII�tARY OF ACTIVITY
SEPTEMBER 1997
BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE
510,668,735,107.92 51,037,003,000.00 $1,207,162,123.22 $10,498,575,984.70
•Local Agency Investment Fund Invesud Through Pooled Money InvesMimt Account
State of California
Pooled Money Investment Account
Market Valuation
9/30/97
Description Carrying Cost Plus -:__., Estimated
Accrued Interest Purch. � Market Value Accrued Interest �
United States Treas
Biiis $ 1,183,752,659.34 $ 1,216,043,069.35 NA
Stri s $ 121,604,450.00 $ 151,454,200.00 NA
Notes $ 5;842,802,381.39 $ 5,830,964,370.00 $ 68,687,880J4
Federal A enc :
Bonds $ 846,716,299.56 $ 845,999,209.00 $ 12,882,972.17
Floaters $ 219,990,397.05 $ 219,995,850.00 $ 1,313,724.75
MBS $ 149,176,189.30 $ 148,342,863.79 5 880,840.05
GNMA $ 2,795,688.69 $ 3,193,848.28 $ 27,224.32
SBA $ 216,527,030.99 $ 219,354,17528 $ 2,185,228.33
FHLMC PC $ 27,312,87828 $ 29,286,362.77 $ 438,471.58
Discount Notes $ 461,273,086.76 $ 463,569,600.00 NA
Bankers Acce tances $ 617,966,957.70 $ 618,916,397.98 NA
Co orate:
Bonds S 990,233,281.44 $ 988,975,058.73 $ 14,540,085.03
Floaters 5 490,498,261.92 5 490,929,335.00 5 1,253,947.98
CDs $ 7,164,223,697.76 $ 7,164,486,139.02 $ 19,303,290.82
Bank Notes 5 1,005,000,630.00 $ 1,004,985,604.24 � 4,734,466.67
Re urchase A reements $ 75,000,000.00 $ 75,000,000.00 NA
Time De osits $ 796,295,000.00 $ 796,295,000.00 NA
AB 55&GF Loans $ 2,158,151,787.00 $ 2,158,151,787.00 NA
Commercial Pa er $ 6,523,923,985.70 $ 6,529,359,340.43 NA
Reverse Re urchase $ 395,712,250.00 $ 395,712,250.00 $14,772.33
TOTAL $ 28,497,532,412.88 $ 28,559,589,960.87 $ 126,233,360.11
Estimated Market Value Including Accrued Interest $ 28,685,823,320.98
Repurchase Agreements,Time Deposits, AB 55 8 Generel Fund loans,and
Reverse Repurchase agreements are carried at portfolio book value(carrying cost).
Certificates of Deposit(CDs), Bank Notes (BNs), and Commercial Paper(CPs)less
than 90 days are carried at portfolio book value (carrying cost). Interest accrued
from the date of purchase on CDs and BNs under 90 days is not inGuded.
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`:F.:::<:�:.
Fitch Upgrades State �� ���
Credit Rating at AA— Qgencylnvestment
dvisory Board Memb
Fitch Investors Service upgraded
California's credit rating on General ����£
Obligation bonds from A+to AA-. Califomia '��,
is in a strong recovery from the recession that �
���m.�
hit the state in 1990. According to Fitch,"The �
upward rating revision takes irno account the
fundamental strengths of Galifornia,
buttressed by the extent of economic rewvery The Local.Agency Investment Fund(LAIF)
and the retum of financia( stability." has oversight by'the Local Agency Investment
The other two major rating agencies, Advisory Board, The Board consists of five
Standard & Poor's and Moody's, affirmed members as designated by statute. The primary
their credit ratings on California's GO bonds P��ofthe Board is to advise and assist the State
as A+ �d Al, respectively. Treasurer in the management ofthe fund and consult
the State Treasurer on any matter relating to the
�i�B �� �Q� investmem and reinvestment of moneys in the fund.
The State 'Tre�s�r�r �l�s 3�n istKiLtd'tq '; The LAIF would like to acknowledge the
partie�8ta���x�tat� Board members by including a profile of each in its
Stsndar�g$p�r1(�t�i�pry��� monthly newslettec This month, the LAIF wiil
invealmaais Q�xesti�x¢ antt Aas�ver: profile one of the longest serving Advisory Board
Imp�pn�i '�; ��n��� �; members, LeslieG. Wells.
L"r�i5$updafe�c, Les Wells,vce President ofthe Union Bank
of California, Capital Markets Group, was
appointed to the Local Agency Investment Advisory
BANKING INFORMATION RfQLIE T Boud on May 22, 1991 and is currently serving his
�—�-�— t}vrd term as an Advisory Board member.
A banlong information request fotm In his capacity as vice President at Union
was mailed to all local agencies B�, Les Wellsprovides Snancial information,
September, 1997. The information �o�estment opportunities and services to municipal
requested is pertinent to the data treasurers and 5nance officers in the western region.
conversion process of the LAIF Les Wells brings more than 28 yeers ofbazilcing and
database rewrite. Please mail brokerage experitace to the board.
completed form(s) to: Les Wells is a member of the Municipal
State Treasurer's Office Treasurer's Association, U.S. and Canada, the
Local Agency Investment Fund California Municipal Treasurer's Association, the
P.O. Box 942809 Califomia Society of Municipal Finance Officers
Sacramento, CA 94209-0001 and the Association of County Treasurers and Tax
Collectors
A TTENTION!
GASB UPDATE
The Governmental A�counting Standards Board recently
announced plans to release an implementation guide for
Statement 31,Accounting and Financial Reporting for Certain
Investments and for External ii:vestment Pools. State Treasurer
Matt Fong has been invited by the Board to participate on the
GASB Advisory Committee on the Investments Question and
Answer Implementation Guide. The principal task of advisory
committee members will be to review and provide comments
on a draft of the Guide.
Treasurer Fong wants each local agency in California to ha��e
the opportunity� to voice specific concerns regarding the
Statement. Please take a moment out of your busy schedule to
forward any questions, concerns, or ambiguities which you
may have regarding Statement 31. You can only be heard if
you are willing to take the time to speak out.
Please send all responses to:
Hon. Matt Fong
Treasurer,State of California
Local Agency Investment Fund
, P.O. Box 942809
Sacramento, CA 94209-0001
Or fax to: (91� 653-3219
STATE OF CAUFORNIA MATT FONG.Treesurer
OFFICE pF THE TREASURER
SACRAMENTO
LOCAL AGENCY INVESTMENT FUND
P.O. BOX 942809
Date: 09/30/97 SACRAMENTO, CA 94209-0001
Page: 01 SEPTEMBER, 1997 STATEMENT
ACCOUNT NUMBER: 98-33-621
CITY OF PALM DESERT
ATTN: CITY TREASURER
73510 FRED WARING D:?IVE
PALM DESERT CA 92260
EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION
DATE DATE TYPE NO CALLER AMOUNT BALANCE
--------- ----------- ---- ------ ------ ----------..___.. ---------------
BEGINNING BALANCE - REG $11, 446 , 010 . 46
09/O5/97 09/05/97 RD 739 JER $2, 000, 000. 00 $13, 446, 010 . 46
---------------
ENDING BALANCE - REG $13,446, 010 . 46
---------------
GRAND TOTAL $13,446, 010 .46
�s==s==z���a��=
SiJbIIdARY
TRAN COUNT TOTAL DEPOSIT ANIT TOTAL WITHDRAWAL AMT
---------- ----------------- --------------------
REG 1 $2,000, 000 . 00 $0.00
CC� Vf,✓�n�e.c_ Jfp,,� 12wfr�
���g : �;, �,
�17 .T .�� �v .�..:J !hi
,c . . . . . . .. .:
POvLED MONEY II�R�ESTMENT ACC.,UNT
SUMMARY OF INVESTMENT DATA
A COMPARISON OF SEPTEMBER 1997 WITH SEPTEMBER 1996
(Dollars in Thoussnds)
SEPTEMBER 199� SEPTEMBER 1996 CHANGE
Average Daily Portfolio $28,367,781 $27,761,544 +$606,237
Accrued Eamings $133,059 $127,801 +$5,258
Effective Yield 5.707 5.601 + .106
Average Life—Month End(in days) 22'I 233 -6
Total Security Transactions
Amount $22,073,936 $14,906,115 +$7,167,821
Number 483 345 +138
Total Time Deposit Transactions
Amount 5234,100 $94,900 +$139,200
Number 41 17 +24
Average Workday Invesunmt Activity $1,062,287 $'I50,051 +$312,236
Prescribed Demand Account Balaaces
For Services Sl 17,447 $123,681 -$6,234
For Uncollecud Funds 5169,271 $173,446 -54,175
LOCAL AGENCY INVESTMENT FUND*
SZJMMARY OF ACTIVITY
SEPTEMBER 1997
BEGIIVNING BALANCE DEPOSITS WITEiDRAWALS MONTH END BALANCE
$10,668,735,107.92 51,037,003,000.00 51,207,162,12312 510,498,575,984.70
•Local Agrncy Investrnent Fund Invested Through Pooled Money Investrnmt Account
State of California
Pooled Money Investment Account
Market Valuation
9/30/97
Description Carrying Cost Plus :..:--, , , Estimated
_
Accrued lnterest Purch. ' Market Value Accrued Interest
United States Treasu :
Bilis $ 1,183,752,659.34 $ 1,216,043,069.35 NA
Stri s $ 121,fiO4.450.00 $ 151,454,200.00 NA
Notes $ 5,842,802,381.39 $ 5,830,964,370.00 $ 68,687,880.74
Federal enc :
Bonds $ 846,716,299.56 $ 845,999,209.00 $ 12,882,972.17
Floaters $ 219,990,397.05 $ 219.995850.00 $ 1,313,724.75
MBS $ 149,176,189.30 $ 148,342,863.79 $ 880,840.05
GNMA $ 2,795,688.69 $ 3,193,848.28 $ 27,224.32
SBA $ 216,527,030.99 $ 279,354,17528 $ 2,185,228.33
FHLMC PC $ 2Z,312,878.28 $ 29,286,362.77 $ 438,471.58
Discount Notes $ 461,273,086.76 $ 463,569,600.00. NA
Bankers Acce tances $ 617,966,957.70 $ 618,916,397.98 NA
Cor orate�
Bonds $ 990,233,281.44 $ 988,975,058.73 $ 14,540,085.03
Floaters $ 490,498,261.92 $ 490,929,335.00 $ 1,253,947.98
CDs $ 7,164,223,697.76 $ 7,164,486,139.02 S 19,303,290.82
Bank Noies $ 7,005,000,630.00 $ 1,004,985,604.24 � 4,734,466.67
Re urchase A reements $ 75,000,000.00 $ 75,000,000.00 NA
Time De osits $ 796,295,000.00 $ 796,295,000.00 NA
AB 55 8 GF Loans $ 2,156,157,787.00 $ 2,158,151,787,00 NA
Commercial Pa er $ 6,523,923,985.70 $ 6,529,359,340.43 NA
Reverse Re urchase $ 395,712,250.00 $ 395,712,250.00 $14,772.33
TOTAL $ 28,497,532,412.88 $ 28,559,589,960.87 $ 126,233,360.11
Estimated Market Value Including Accrued Interest $ 28,685,823,320.98
Repurchase Agreements,Time Deposits,AB 55 8 General Fund loans, and
Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
Certificates of Deposit(CDs), eank Notes (BNs), and Commercial Paper(CPs)less
than 90 days are carried at portfolio book value (carrying cost). Interest accrued
from the date of purchase on CDs and BNs under 90 days is not included.
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"':'::'�`:::`l'"'
Fitch Upgrades State ��
Credit Rating at AA- ���fnv�r�r
dvisory Boasd bfemb
Fitch Investors Service upgraded
California's credit rating on General p��E
Obligation bonds from A+to AA-. California
is in a strong recovery from the recession that �
lut the state in 1990. According to Fitch,"The ��� '
upward rating revision takes into account the
fundamental strengths of California,
buttressed by the extent of economic recovery The Local Agency Investment Fund(LAIF)
and the retum of financial stabiliry." bas oversight by the Local Agency Investment
The other two major rating agencies, Advisory Board. The Board consists of five
Standazd & Poor's and Moody's, afftrmed members as designated by statute. The primary
their credit ratings on Califomia's GO bonds P��of the Board is to advise and assist the State
as A+ and Al, respectively. Treasurer in the management of the fund and consult
the State Treasurer on any matter relating to the
��B � �PQ� investment and reinvestment of moneys in the fund.
'� +�� ��� � � �� 'to', The LAIF would like to acknowledge the
p��������;�; Board members by including a profile of each in its
��g�pp���,�p���� monthly newsletter. This month, the LAIF will
In�rastmaats t���s�a an�t t4nstver I profile one of the longest serving Advisory Board
����.: ���� ' members, Leslie G. Wells.
�s, ac�''
��g����Qp�. Les Wells,\Tice President of the Union Bank
' ' of California, Capital Markets Group, was
appointed to the Local Agency Investment Advisory
Board on May 22, 1991 and is currenUy serving his
BANKING INfORMATION REOUEST third tetn►as an Advisory Board member.
A banking information request form In Iris capacity as Vice President at Union
was mailed to all local agencies Bank, Les Wells provides Snanciai information,
September, 1997. The information investment opportuaities and services to municipal
requested is pertinent to the data treasurers and Snance officers in the western region.
conversion process of the LAIF Les Weqs brings more than 28 years ofbanking and
database rewrite. Please mail brokerage experience to the boazd.
completed form(s) to: Les Wells is a member of the Municipal
State Treasurer's Office Treasurer's Association, U.S. and Canada, the
Local Agency Investment Fund Califania Municipal Treasurer's Association, the
P.O. Box 942809 Califomia Society of Municipal Fiaance Officers
Sacramento, CA 94209-0001 at►d the Association of Counry Treasurers and Tax
Collectors.
A TTENTION!
GASB UPDATE
The Governmental Accounting Standards Board recently
announced plans to release an implementation guide for
Statement 31,Accounting and Financial Reporting for Certai►:
Investments a�:d for External investment Pools. State Treasurer
Matt Fong has been invited by the Board to participate on the
GASB Advisory Committee on the Investments Question and
Answer Implementation Guide. The principal task of advisory�
committee members will be to review and provide comments
on a draft of the Guide.
Treasurer Fong wants each local agency in California to have
the opportunit�� to voice specific concerns regarding the
Statement. Please take a moment out of your busy schedule to
forward any questions, concerns, or ambiguities which you
may have regarding Statement 31. You can only be heard if
you are willing to take the time to speak out.
Please send all responses to:
Hon. Matt Fong
Treasurer, State of California
Local Agency Investment Fund
P.O. Box 942809
Sacramento,CA 94209-0001
Or fax to: (91� 653-3219
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City of Palm DeseR
Additional Apprapriations FY97-98
General Fund Only
Decription/Purpose Account Amount Date Approved
Shopper Hopper Repairs 110-4416-414-3681 18,920 8/12/97
Tourism Brochure 110-4416-414-3215 38,000 8/12/97
Year End Calendar 110-4154-415-3725 2,500 10/9/97
EIR on Cai State Campus 710-4470-412-3090 46,065 9/11/97
Engineering Services -Subdivision Review 110-4300-413-3090 30,000 8/28/97
Senior Center -Additional Building 7 10-4800-454-3093 15,000 8/28/97
CVAG Contribution 110-4159-415-3090 20,000 8/28/97
Appropriations Taken from Unobligated 170.4R5
Fund Ba/ance-General Fund
_ _ __ _. _ _ . .
l ■
r
I
( '
� �
I
I '� pALM DESERT OFFICE COMPLEX
[ I FINANCIAL STATEMIIVTS
, SEPTTEMBER 30, 1997
'� �
� �
i
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(
; �
i
(
�
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( OSCAR G. .__.MIJO
� O!'A Cettifled Pubtic Mmuntant
LT
,
74-133 EL PASEO,SUITE 8 • PAI.M DESERT, CALIFORNIA 92260• (760) 773-4078 • FA}C(760)773-4079
� November 6, 1997
i
i
�
�_ Palm Desert Office Complex
Palm Desert, California
I have compiled the accompanying balance sheet of Palm Desert Offica Complex, as of September 30,
i 1997, and the related income statement and statement of cash flowe for the three momhs then eaded, ia
accordance with statements on standazds for accounting and review services issued by the American
r �
Institute of Ceitified Public Accoun�.
� A compilation is limited w presenting in the form of financial statemeaffi information thaz is the
represeatation of management. I have not audited or review the accompanying financial statemems and
� accordingly, do not express an opinion or any othes form of assurance on them.
�
Management has elected to omit substantially all of the disclosures required bY E��IY �P�
! accourning principles. If the omiaed disclosures wera included in the financial statements, they might
� influence the user's wnclusions about the organizadon's financial position,results of operazions and cash
flows. Accordingly, these financial statemems aze not designated for those who are not informed about
� such matters.
s�y,
��`�
; Oscar G. Armijo
�, Certified Public Accoun�nt
I
i
� -
i
�
MFAIHBR _. MFAfBER
Cd[jornla Soclery oj . wmerlcanlnsdtute oj
Certfjted Publtt Accoumm�n Certfjted Pub(fc Atrountants
i
Palm Desert Office Complex
Balance Sheet
Saptember 30, 1997
' Assets
� Current Assets
! Cash in Bank $ 6.04
Cash in Bank - IInion Bank 52,844.28
� Sweep Investment Account 311,970.12
� Cash in Bank -Security Deposit 0. 02
Cash In Bank-Security Dep. U.B 23,990.41
( Total Current Assets $ 388,810.87
I
Fixed Assets
f Buildinq 444 2,585,000.00
� Accumulated Depreciation (121,517.08)
Building 555 1,085,000.00
Accumulated Depreciation (51,004.05)
� Building Improvements-Bldq 444 137,715.04
� Accumulated Depreciation (13 ,957. 68)
' Total Fixed Assets 3,621,236.23
Total Assets $ 4,010,047.10
i
j
See Acconntants' Compilation Report
I
�
Palm Desert Offica Complex
Balance Sheet
Septeatber 30, 1997
I
Liabilities and Equity
i Current Liabilities
� Security Deposit Payable $ 21,200.00
� Total Current Liabilities $ 21,200.00
Long Term Liabilities
Equity
� Equity 3,183,885.45
� Retained Earni,ngs 726,403.98
Current Income (Loss) 78,557. 67
i Total Equity 3, 988,847. 10
Total Liabilities & Equity $ 4,010,047.10
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I
See Accountants' Compilation Report
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Palm Desert Office Complex
Income Statement
For the Period Ended September 30, 1997 '
I
1 Month Ended 3 Months Ended
Sep. 30, 1997 Pct Sep. 30, 1997 Pct
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' Revenue
Rent Receipts $ 84, 078.59 98.82 $ 152,005.25 98.57
� Dividend Income-Swaep In 995.91 1.17 1,970.12 1.28
I Interest Income-Security o.02 0.00 19.84 0.01
Interest Income-General 6.04 0.01 219.21 0.14
( Total Revenue 85, 080.56 100.00 154,213.42 100. 00
, Operatinq Expenses
I Interest ( 815.83) ( 0.96) 0.00 0.00
� Repairs & Maintenance-Di 72.56 0.09 1,320.20 0.86
Repairs & Maintenance-Bu 2,109.56 2.48 6,807.33 4.41
( Repairs & Maintenance-Ja 340.00 0.40 6,695.00 4.34
; Professional Services 0.00 0.00 16,000.00 10.38
Telephone 0.00 0.00 281.46 0.18
Utilities 6,193.32 7.28 16,993.97 11.02
I
Total Expenses 7,899. 61 9.28 48,097.96 31.19
Operatinq Income 77, 180.95 90.72 106,115.46 68.81
Depreciation Expense 9, 185.93 10.80 27,557.79 17.87
Total Other Income (9,185.93) ( 10.80) (27,557.79) ( 17.87)
, Net Income (Loss) $ 67,995.02 79.92 $ 78,557.67 50.94
i
,
f
f
,
,
See Accountants' Compilation Report
( -
I Palm Desert Office Complex
� Statement of Cash Flows
For the Period Ended September 30, 1997
,` Increase (Decrease) in Cash or Cash Equivalents
, 1 Month Ended 3 Months Ended
� Sap. 30, 1997 Sep. 30, 1997
Cash Flow from Operatinq Activities
� Net Income (Loss) $ 67,995.02 S 78,557.67
, Adjustments to Reconcile Cash Flow
Depreciation 9,185.93 27,557.79
� Increase (Decreass) in Current Liabilities
i Security Deposit Payable 0.00 1,500.00
Total Adjustments 9,185.93 29,057.79
i
' Cash Provided (Used) by Operations 77,180.95 107,615.46
ICash Flow From Znvesting Activities
, Sales (Purchases) of Assets
Cash Flow From Financinq Activities
i Cash (Used) or provided by:
� Ratained Earninqs ( 815.83) ( 815.83)
' Repayment of Loan 0. 00 (40,000.00)
' Cash Provided (Used) by Financing ( 815.83) (40,815.83)
Net Incresse (Decrease) in Cash 76,365.12 66,799.63
i Cash at Beqinninq of Period 312,445.75 322,011.24
i
Cash at End of Period $ 388,810.87 $ 388,810.87
i
� ,
i
�
See Accountants' Compilation Report
r ��,,,�,��, . � , n ;�_ . , �. : ,
City of Palm Desert
Palm Desert Office Complex
Analysis of Month to Date Actual to Budget
October-97 October-97 # °/u
Budget Actual Variance Vaziance
Revenues
Rental $ 58,892 $ 73,284 $ 14,393 124.44%
Dividends/Interest $ - $ - $ - 100.00%
Total Revenues $ 58,892 $ 73,284 $ 14,393 124.44%
Expenses
Professional-Acwunting&Auditing $ 2,000 $ 1,746 $ 254 87.30%
Professional-ManagementFee $ 3,000 $ 3,000 $ - 100.00qo
Repairs& Maintenace-Buffding $ 9,006 $ 7,416 $ 1,590 82.35%
Repairs&Maintainence-Landscapin $ 1,079 $ - $ 1,079 0.00%
Utilities-Water $ 78 $ 123 $ (45) 158.13%
Utilities-Gas/Electric $ 4,238 $ 6,171 $ (1,933) 145.62�0
Utilides-Trash $ 496 $ 457 $ 38 9225%
Telephone $ 229 $ 141 $ 88 61.48%
Insurance $ 521 $ - $ 521 0.00%
Prior Year Adjustments $ - $ 14,018 $ (14,018) 100.00%
i
Total Facpenses $ 20,646 $ 33,072 $ (12,426) 160.19%
Operating Income $ 38,246 $ 40,213 $ 1,967 105.14%
Depreciation $ 8,083 $ 9,186 $ (1,103) 113.64%
Net Income $ 3D.163 $ 31.027 $ 864 102.86%
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Page 1
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��� City of Palm DeseR
Desert Willows Golf Course
Monthly Intome Statement
Budgeted and Actual for Fiscal Year 1997-1998
.. Jul-97 Aug-97 Sep-97 Ocb97
Revenue Actual Actual Actual Actual
� Golf Course Fee $56,292 $59,845 $63,374 $150,964
CartFee $2,940 $2,491 $2,198 $0
� Pro Shop $10,732 $16,350 $12,748 $28,534
. . Range $3,171 $3,349 $3,648 $4,8�5
' Food&Beverages $10,026 $9,484 $9,892 $16,725
� Other Revenue $0 $0 $U $1,959
. To[al 583,161 $91,519 $91,860 $201,957
� Expendifuees
� Salariesand BenefiGs $95,960 $93,039 $87,946 $96,272
� Golf Course Maintenance $67,866 $43,864 $55,639 $121,779
� Cart Ezpenses $10,159 $11,015 $9,012 $17,508
. Pro Shop Expenses $1,741 ($674) $6,640 $30,253
� Pro Golf Shop Cost of Goods Sold $]0,746 $8,898 ($12,340) $16,465
. Range Expenses $� ($b4) $0 $2�2o6
. Food&Bev.Ezpenses $1,845 $6,133 $3,389 $A,O85
- Food&Bev.Cost of Goods Sold $6,036 $4,521 $3,938 $7�,403
� General&Administration Expenses $31,375 $13,927 $28,388 $34,395
�. Management Fee $12,500 $12,500 $12,500 $12,500
' . Deprxiadon Expense $31,527 $28,345 $28,345 $28,345
CapitalExpense $2,821 $2690 $2,732 $2,686 �
' Inrerest � � � �
� Total $272,576 $227,974 $226,189 $370,899
� NetProfit(Loss) (5189,415) (5132,455) (5134,329) (5168,942)
� Jul-97 Aug-97 Sep-97 Oct-97
: Revenue Budgeted Badgeted Budgeted Budgeted
. Golf Course Fee 895,355 $79,664 $69,657 $172,450
Cart Fee $1,000 $840 $760 $600
Pro Shop $21,040 $17,500 $15,660 $13,220
' Range $3,225 $2,688 $2,400 $1,925 '
� Food&Beverages $13,400 $11,250 $10,100 $8,100 .�
� OtherRevenue $100 $300 $100 $100
Total $134,120 $112,042 $98,677 $1%,395
. . Exprnditures
�� Salaries and BeneFits $102,915 $102,915 $701,694 $700,453
Golf Course Maincenance $67,601 $37,G07 $34,176 $9$626
CartEzpenses $9,208 $9,208 $9,208 $9,208
Pro Shop Expenses $690 $640 $1,540 $35,590 �
Pro Golf Shop Cost of Goods Sold $12,384 $10,320 $9,216 $9,392
Range Expenses $100 $300 $100 $2,100
Food&Bev.Expenses $1,660 $1,660 $1,860 $2,160
Food k Bev.Cost of Goods Sold $4,999 $4,166 $3,720 $2,984 �
General&Administra2on Expenses $41,455 $37,487 $47,824 $38,437
� ManagementFee $12,500 $12,500 $12,500 $12,500
Depreciafion Expense $18,077 $16,077 $18,077 $18,077
Capital Expense $11,426 $9,590 59,842 $14,222
Interest Ezpense $3,UOh :n3,004 $3,004 59,004
Total 5286,019 5247,468 $252,761 $34M1,753
Net Profi[(Loss) ($151,899) �5135,427) (5154,OSS) ($208,359)
City Of Palm Desert
Deeeit Wiliowe Golf Coune
Budget Va.Actual For the Month of October 1997
Ocb97 Oct-97 $Variance %Var YTD YTD $Variance %Var
Revewe Budgeted Actual Current Cursent Budget Actual YTD YTD
Golf Course Fee $112,450 $150,964 $38,514 13§.25% $357,726 $330,475 ($26,651) 92.54%
CaztFee $600 $0 ($600) U.00% $3,200 $7,629 $4,429 238.41%
ProShop $13,220 $2R,534 $15,314 215.84% $67,420 $68,364 $944 101.40%
Range $1,925 $4,875 $2,950 25325% 510,238 $15,043 $4,806 146.94%
Food&Beverages $8,100 $16,125 $8,025 199.07% $42,850 $45,527 $2,677 10625 0
Other Revenue $100 $1,459 $1,359 1459.00% $400 $1,459 $1,059 364.75%
Total $136,395 $201,957 65,562 148.07% $481,233 $468,497 ($12,736) 9735%
Expenditures
Salaries and Benefits $100,453 $96,272 $4,151 95.84% $407,975 $373,217 $34,761 91.48%
GolfCourseMaintenance $98,626 $121,779 ($23,153) 123.48% $238,004 $289,145 ($51,144) 121.49%
CaztExpenses $9,208 $11,508 ($2,300) 124.98% $36,832 $41,694 ($4,562) 11320%
ProShopExpenses $35,590 $30,253 $5,337 85.00% $35,460 $37,760 $700 98.15%
Pro Goff Shop Cost of Goods Sold $7,392 $16,465 ($9,073) 22274% $39,312 $23,769 $15,543 60.46%
RangeExpenses $2,1W $2,206 ($106) 105.05% $2,600 $2,122 $478 51.62%
Food&Bev.Expenses $2,160 $4,085 ($1�925) 18912% $7�340 $15,452 ($8,112) 230.52Yu
Food&Bev.Cost of Goods Sold $2,984 $10,403 ($7,419) 348.66% $15,868 $24,898 ($9,030) 156.91%
General&Admuiistrafion Expenses $38,437 $34,395 $4,042 89.48% $165,203 $308,OS5 $57,118 65.43%
ManagementFee $12,500 $12,500 $0 1OQ00% $50,000 $50,000 $0 100.00%
DepredatlonExpense $18,077 $28,345 ($10,268) 156.50% $72,305 $116,562 ($44,254) 161.20%
Capital Expense $14,222 $2,688 $11,534 18.90'K $45,080 $10,937 $34,149 24.25%
Interest $3,004 $0 $3,004 0.00% $12,017 $0 $12,017 O.OU%
Total $344,753 $370,899 ($26,146) 107.58% $1,131,002 $1,093,638 $37,364 96J0%
Net Profit(I.oss) ($208,359) ($168,942) ($649,769) ($625,141)
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City of Palm Desert
Desert Willow Golf Course
Analysis of Cash Reserves Requirement
Three Month
Projected Expenditures November-97 December-97 January-98 Projected Expenditures
jPayroll ; $ 104,096 $ 125,023 $ 110,523 $ 339,642
i
COGS $ 25,603 $ 25,906 $ 21,262 $ 72,771
Operating $ 131,241 $ 129,632 $ 139,354 $ 400,227
Totals � I $ 260,940 $ 280,561 $ 271,139 $ 812,640
Cash Reserve Analysis One Month Three Months
iRequired Reseroe � �260,940.00 $ 512,640.00 �
'�Cash on Hand ---� j $ 334,174.91 $ 334,174.91 �
Variance-Favorable(Unfavorab ) i $ 73,234.91 $ (478,465.09)�
_ _ _ _
PALM DESERT REDEVELOPM'� 'AGENCY �
COMBINED STATEMENT OF . .,;TUAL
REVENUES 8 EXPENDITURES
COMPARED TO BUDGET
31-Oct-97
RDA RDA %of (FAV)UNFAV
Budget YTD Budget Adual YTD Budget Variance
REVENUES
1 Tax increment' 24,328,200.00 8,109,400.00 518,464.26 6.39% 7,590,935.74
21n[erest 1,904,000.00 634,666.67 95,052.28 14.98% 539,614.39
6 Sales of Property 0.00 0.00 7,775,000.00 0.00% (7,775,000.00)
3 Reimbursement From Other Agencies 759,000.00 253,000.00 29,622.59 11.71% 223,377.41
4 Other Revenue 364,000.00 127,333.33 66,796.fi4 55.05% 54,536.69
TOTAL REVENUES 27,355,200.00 9,118,400.00 8,484,935.77 93.05% 633,46423
. FAV(UNFAV)
EJ(PENDITURES Variance
Administrative Costs 1,068,200.00 356,066.67 182,793.96 51.34% 173,272.71
Professional Services 2,383,300.00 794,433.33 104,155.35 13.11% 690,277.98
Property Tax Administrative Fee 563,900.00 187,966.67 0.00 0.00% 187.966.67
Cost of Inventory Sold
CapitalOutlay 0.00 0.00 323.24 0.00% (32324)
Deep Canyon&Hwy 111 8,241.00 2,747.00 0.00 0.00% 2,747.00
Parking-The Gardens 5,000,000.00 1,666,666.67 0.00 0.00% 1,666,666.67
EI Paseo/Highway 74 7,719.00 7,719.00 7,719.33 100.00°/a (0.33)
I-101nterchange � 250,000.00 250,000.00 250,000.00 100.00% 0.00
Super Block III-Landscape 60,000.00 20,000.00 0.00 0.00% 20,000.00
Desert Crossing Public Improvement 43,450.00 14,483.33 0.00 0.00% 14,483.33
Desert Willow-P#1 8,001,478.00 2,667.159.33 0.00 0.00°/a 2,667,159.33
North Sphere Infrastructure 26,555,050.00 8,857,683.33 1,100,32928 12.43% 7,751,354.05
Desert Willow P#2 14,955,641.00 4,985,213.67 692,441.24 13.89% 4,292,772.43
� P#4 Street Improvements 1,011,129.00 337,043.00 2,353.90 0.70% 334,689.10
Desert Rose 0.00 0.00 654,482.23 0.00% (654,48223)
Air Quality Management 200,000.00 66,666.67 25,916.85 0.00% 40,749.82
Office Equipment 5,000.00 1,666.67 0.00 0.00°/a 1,666.67
Hwy 74 and Hwy 111 Improvements 0.00 0.00 0.00 0.00% 0.00
Land Purchases 0.00 O.OD 118,451.85 0.00% (118,451.85)
Housing Subsidies
AHA Housing Subsidies 4,300,000.00 1,433,333.33 865,626.46 60.39% 567,706.87
Desert Rose Subsidies 0.00 0.00 0.00 0.00% 0.00
Decline in Value on Inventory Held
For Resale
Payments to Other Governmental Agencies 6,978,400.00 2,326,133.33 0.00 0.00% 2,326,133.33
Bond Issuance Costs 0.00 0.00 0.00 0.00% 0.00
Bond Discount 0.00 0.00 0.00 0.00% 0.00
Interest And Fiscal Charges 10,622,000.00 3,540,666.67 2,847,388.53 80.42% 693,278.14
5 Principal Payments 2,430,000.00 810,000.00 675,000.00 83.33% 135,000.00
TOTAL EXPENDITURES 84,'343,508.00 28,319,648.67 7,526,982.22 26.58% 20,792,666.45
'TAX INCREMENT REVENUE ARE USED TO PAY DEBT SERVICE PAYMENTS.
� 1 Tax Inaemenl is paitl In Jan antl Mey of each year.
2 MosUnterest revenue is base0 on invesMents�eIE and is reror0etl at maWrity.
3 Relmbureement5arerxeiveCa[vanoustlmesEunngtheyear.
4 Other Revenue is rxeivetl at vanous tlmes tlunng the year.
5 Pnn[IOaI pym�s are tlue on each bona issue anly Nnce a year.
Using Y of VTD BudBet doas not allow for��ese hrce a year pym�s.
6 Inlydwest Closing Transcnpts of B/29/97 Receivetl t0/97
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FILE No. 474 11i19 '91 09:51 1D�K 0 N 8 I� 619 793�340 PGGE 2
Palm Das�rt Finencing Authority
PrajQct Arra No. 4
New Maney 6 N�x Money fseroH
� 115J Coverape
SOURC£S 6 USES �
Dat�d 01/O1lI498 ^ Oelivered O1/S5/7996
i
snursces aF FUHOS '�
P�r Anwunt of 8onds............................. .. tt0.7Y0.000.00 �
Acrru�A IntarosY from O1/01/J998 [o Ol/S5/]998... . T7�315•77 �
TOfAI SOURLES f10,742,315.71 `
� USES OF FUNQ5
Tot�l Unde�Mriter's F�e. .......�••. .. .. ... ........ 134,Q00.00 �.
Costs of Issuance....... ... . . ... ... .. .. .. . .. .... . . )50,000.00 !�
Gross bnnd lnsurance Pr�mium ( I5.0 bpJ..• •• ••• •• • 1��.T69•�9 '
Oaposit Lo O�bt Serviee Fund. ... .......... ...... 22,315.71
O�Dosit eo Dubt Sarvice 8eserve Fund lDSRFJ. ..... . 340,050.00
Oeposit Ca Sprcial Escrow Fund.. ... .. .. ... .. . . ... . 6,ti19,355.00
peposit to Aroject Fund. ... . ..... .. ..... ...... ... . . 3,306,325.7I
TOTAL I15E5 f20,747,J15.7]
Kinsell, 0'Nnnl, NewcoNb 6 Oe Dios, lnc. NEMIMNEY-NMoneyEscrow- St86if PURPOS6
ouDlic Finnre� 11/]9/1997 8:b7 AM �
�.
. FILE No. 474 11i19 '97 03�52 �i:K 0 N � L E19 793�'i340 PaGE 3
Pa7m Dosar2 financing Authority
Pro,lott Araa No. 9
N�M Nonoy 6 Nrw M.aney fscrow
J153 Covarigr
DEBT SENYJCE SCHEDULE
Date Principil Coupon tnterest . Totil Y+I
20/02/1998 - - 430,37{.38 6J0,374.38
10/O7/1999 - - 573,832.50 573,83..50
10/01:2000 - - 573,832.50 573,H32.50
!0/01/:001 - � 573,831.50 5)3,832.50
10/OJi20D2 195,OD0,00 5.050% 573,B31.50 76B,83Z.S0
20/O3/Z003 2D5,000.00 S.O7Q% 563,985.00 76B,9B5.00
!0/OJ/2004 220,000.00 5.109% Si3,582.50 I73,58Z.50
]0/0]/10a5 125,000.00 5.712X 542,347.50 767,342.50
]0/O112006 235,000.00 5.124! 530,840.00 765,840.00
10/0112007 150,000.00 5.165E 57B,74:.50 768,797.50
10i07!:OOB 26D�000.00 5.19IM 5�5,665.40 765,bB5.D0
10/OJ/2009 275,ODO.Op 5.2026 492,415.00 767,415.00
IO/O1/20I0 285,000.00 5.1}B# 4)B,J30.00 763,110.00 I
JO/O1/20I7 295,000.00 5.236E 463,137.ti0 758,T37.50 �
]0/O7/2UI'e' 3J0,000.00 5.411X 4A7,'92.50 757,792,SU '
]P/07/2013 33Q 000.00 5.AIlf 4JI,Ull.50 7fi1.017.50
]�:G1/ZnTa 345,000.00 5.409Y 41:i,;62.50 759,16Z.50 .
10/07:20lS 365�000.(70 5,q09/ 394,SOG.00 759,500.00
� ]0/Ol/2Rl6 365,000.00 5.408f 374,757.50 759,7:7.50 '�
�� JO/O1/2017 405,000.00 5.4081 353,A35.G0 758,935.00 �
�, 10i0UZU1N 115,000.00 5.I08f 331,032.50 757,032.50 ��,
! 70/UL2U19 440,OOO.GO 5.4o7X 309.o50.0a 7o9,G50.00 j
� 10/O3/1020 455,000.00 5,406A' �85,260.00 740,260,00 I
10/01/2021 470,OA0.00 5.{�63' 260,662.50 730,652.50
]0/0312022 490,000.00 5.4065 i35,25?�50 725,252.50
10/0]/?023 535,000.00 S.d08f ?D8,762.50 713,762.50
I 10/D1/702a 585,000.00 5-4075 179,H30.00 764,6JO.Q0
10/O1/2015 625,OOO.CO 5.007Y 148,1�7.50 )73,197�50
I 10/O]/ZD26 66'5,000.00 5.40SA' 1]4,605.00 779,405.00
I 1p;D1/ZU27 700,000�00 5.407,{ Y8,452.50 779,452.50
10/01/20.8 765��AO.pp S.ISdf� 10,602.50 7H5,602.50
I T01A1 lO,IPD,000.00 • 11,99Z.S7t.9ti 21.702,571.86
�--- .. .... ,._-- .... . ..
YIELO S�ATISTICS
Accrued fntarest fram US/O1/l99b t� O.il15/1996.. . . 22,375.71
6ond Y.ar poliars.. .. .............. ....... .. .... .. f212.d60.00
Averape Li{�.... . .. .. ....... . . .. ... .... ... .. .... .. 2tl JSO Yaar's
Aver�9�` Coupon... .. .. ... .... . ... .. . .... ... . . . ... . . 5.396B78Zi
Nrt Interest Cost fNlU......... .. .. . .. . .. .. . .. .. . 5.d4711921
7rus tnt�r�st f.oct (TIL). .. .. ... ... . . ... .. .. ... .. . 5.JB14809Y
Bnnd Yi�IJ fur Arbi�rago Purposos. , � . ..... .. ... .. . 5.5305534t
Ali Intlustve Cc;G (AfN... . . ... .. . . . .. .. . .. .. . . . . 5Ja35t95i
JRS FORM au3B
Nrt Ink�r�at Cest.. ..... ... . .... .. . .. ....... . .. . . . 5.38ti94:0Y
Neigntotl average MJtb7'iCy............ .. ... •.�.•. • • ZO J71 roars
Kfrtsell, 0'Nee1, Ne�xon�b 6 De Dios� Inc. MENMONEY-NMonoyEscraw- SIHGIE PURPoSf
Pu61tc Finance I1/19/1997' B:57 AM
FILE IJo. 474 11i19 '97 09�52 �(p�K 0 N & D 619 793 8340 Pti6E 5
�
Pa7m Oas�rt Finencing AutAoriOy
projec[ Arsa ho. a
Mew Mamy d New Mcney Escrow
]25i Gorereqa
LOVERAGC RATIO
O�ta Total R�venue� Tntai WS V Coreraye
10/0]/19H8 J 754,135.94 430,374.38 1.7522789x
10/47/J999 910�51)J9 573,832.50 1.5B742BOx
10/O1/2000 908,640.85 573,832.50 1.593460Sr
10/O]/2007 931,090.55 573,832,5G 1.7271426x
10/O1/:00: d79,913.00 768,83i,50 1.14317BAx
10/UL.OW 976.913.00 f66,985.00 1.1429521c
1.7/Oli"ZOOQ B1B,913.OP 773,5BP.50 1.1361394x
10/O1/2005 878,913.00 7e7,342.50 1.14539B6x .
1�/OI:2006 878,933.00 765,B40.Oa 7.1476457x
1!1/O1/2007 878�913.U0 768�797.50 J.1432JOBx I
i IQ/01/.00B 878,913.00 765,8B5.OP 1.1475)63x
10/OI/2009 8)8,�13.00 767,423.00 I.1{529C4x I
IO!OI/2030 878,913.00 763,110.00 5.15:7574x I
! ;0/O1/2011 878,9]3.U0 758,13;,50 I.1591526x
10�02i201? 87A,913.00 I57,Iy2.50 I.1598333R i
10i07/:013 B78,913.00 761,01T.50 1.1549183x i
IO/01/'ZO74 878,913.00 738,162.50 I.1542G73.� I
I0:07/20J5 878,913.00 759,500.OA I.:SIY?5Bx
IU/02:1016 878,973.U0 759,757.50 7.156'd336x ,.
IOi01/Z077 878,913.00 T58,935.00 I.1580&I3< �
IU/OS/2018 678,9:3-00 757,OiZ.Sl1 3.16Q9977x '.
IOiOl/2U]J d78,423.00 749,050.00 l.17337p3� ',
10/O1B02C 878,913.00 740,260.U0 [.7873033� ',
� 10/J7i2011 87B,9I3.00 730,662.50 I.2028967� �,
I i0.'0]/?07i 87H,923.00 72S,Z52 50 1.211B711x i
i 70I01/ZC:3 878.913.P0 713,762:50 1.1817179x ;
' 10:D1/2024 879,9I3.00 764,830.00 I.1481673x �
��. 10i01/2025 d7B,913.00 773,]97.50 1.136T257x '
�� 2JiUI/.026 B1B,913.00 7)4,405.00 1.1276777x �
��. 10:01:2oe7 87H,913.aa lJ8,a5z.30 I.J2�C515x �
ininii2v18 81d,9t3.00 795,Fp2.50 1.J187757x
' _._. . __. __.. . _._ _... I
TOTAL '17,295,AJti.13 .2,702,571.H8 -
�-__.__... ... .... _.. ...._ _
Kins�ii, 0'Nsal, NeNcomb 8 Oo Oios, lnc. NCNlfONf✓-NMon�yEserow• 5IN61E PURPOSE
Vu611t FittdncQ 11/19/1597 8:57 AM
FlLE No. 474 11-19 '97 OS�5� IQ.�K; D N & D 619 793 834U P9�t o
PaIA Dasert Fina»cing Authority I
Prajcct Area Mo. 4
N�w Manoy 6 New Mnney Esrraw
]15,Y Caverag�
OPfRAT70N OF VROJEC7 CONSrROCTlOH FUND
T Oqto Principal Rafo Int�rest -7ransfors �
1/SS/7998^ - � 5.SI05531f - -
]0/03/1V08 1,569,412.50 5.5105591Y 760,B&7.94 (760,887.a�1
30/O1/1999 1,772,7B2.50 S.SSOS530Y 282,II1.79 (26Z,7I7.79i
30/D]/2000 1�769�107.50 5.SI05534X 183,075.85 (I83,075.851
70/O7/200] 2,OOB4O21.50 5.5205530Y 372,I77.55 f172,177.551
70TA1 6,6J9,355.00 � MB99,75J.13 l838,253.I3) �
_ . . . .._. .... _._._I
k7nso11, 0'N�al, Newconcb 6 Oe Dio., fnc. MEMMONFY-NMonpyfsr.raw- SINOLE PUdPOSE
Public Fin+ncv 1!/19/7997 B:i7 AM
FILE No. 474 11�15 'S? 09�52 1U�K 0 N � G 61y 793�340 PRIiE d
Palm Dasert Finuicing AutAority
Projact Area No. 4
Nou Money A N.w Monay [scraN
. 375E Cover�ye
PRICINB SUMNARY
N�6uriLy Tyq af 9onA Coupon Yield Isnuanca Valu� ^ Par Maturlty Va1ue Price Do)1er PricQ
10/OS/2002 SEFIAI Coupop 4.250i 4.'14Df 65,0OO.OG 10u.000f 65,000.00 100.00OX 63,000.00
10/OI/2003 SERlA! Loupon 4.35P� 4.349A 70,000.00 300.000! 7G,OUG.00 SOO.ODOX 70,000.00
)Oi01/2004 SERIAL Cauyen 4.450f 4.448% 75,000.00 IOQ.POUI 75,000.00 IDO.00OZ 75,000.00
10/O1/2005 Sfk1A1 CouOon A-SOOf 4.d99S AP,000.00 100.0001 80,0OO.OG IOO,ODOi 80,000,00
70/01/200f SfRlA1 Coupon 4.600Y 0.599f 9�,000.00 100.000( 9U,000.00 IOO.00Ot 90,000.00
]0/O1�P007 SERIAL Cvupon 4.70U1 4.699i 95,000.00 IOO.00OY 95,000.00 300.000X 95,000.00
10lO1/2008 SFRIAL Coupon 4 J50i 4.749X 100,000.00 IOO.00OY t00,000.00 100.000f 100,OOD.JO
10/01/2009 SERIAL Loupon 3.800f 4.799X 1�5,000.00 lOO.00OX l05,000.00 l00.000% J05,000.00
10/D1/2010 SFRIAL Coupon /.850f 4.B49E I10,000.OD IDO.00Of 11P,000.00 IOO.00OE I70,000.00
10/Ol/2071 SFRIAL Caupon 4.900i 4.B99S 115,000.00 IUO.00ar 325,000.00 tOp,0003 I15,000.00
10/Ol/1017 TfRM 1 Coupon 5.350f 5,349� 3,195,000�00 SOO.00CY 3,795,G00.00 l00.6007 3,195,000.00
70/U1/20?8 TERN 2 Coupon 5.450X 5.449f 6,d2D,P00.00 300.00OY 6,620.000.00 lOO.00OS 6,670,000.00
TOTAL J � 10,7?O,P00.00 - 10,720,nuu.uo � io,720,000.00
BfD INFORMATION
P�r Amoun[ uf OvnOs... .... ........ . . .. . .. ... .. .... f10,%2n,00U.0U
Grosc Prpduction 230,720,000.00
Total Underwriter's OiscuunT (7.1503J...... . .... . (134,000.00)
Bid 10,586,�u0.00
Accru�d lntor�st from 01/OI/]99b tn 01/15/1DLB.... 12,315.71
rata) Durch•se Prico f10,608.315 J7
8ond Yaar Uallirs. . ... . .. .. .. .. . . ... .. . ..... . .. .. . f222,44a.00
Av�rn4e Life.. ... . . ..... . .. .. . . . .. .... . . .. .. .. ... . 20 J50 Y��r:
Avera9a Caupan.... . ... . . . .. .. ... .. .. .. . .. .. . . . . .. . 5.3866782f
N�t Inte�ass Cost (NIC1.... .. .. . ...... ....... .. .. . 5.4471192Y
Trus Intsr�st Lns[ (71C1... .. ... .. .... ..... ... .... 5.4634809i
Kinsall, 0'Nsai, N�Ncowb � De Oius, Inc. FILE - N£NHONEY-NNon�rFso�ow- SlNGLf AURPOSE
Yublic Finance ]I/19/1947 8;57 AM
FILE No. 474 11i19 '97 09�5� [d1FK 0 N S D 619 793 �3A0 PHG� '
paTm Oosort Financing Ruthurity I
� Vro,lect Aroa Mo. 4 i
New MoNy 6 Npw Monty E�crow
215X Care�ago
UPfkAT10N Of PROJfC? CONSTROCTION FUNp
Uate Fuceipts Oisb�rsemsnts Cdsh Br Nnce
1/S5/1998 ' - -
]0/U1/799B 1�569,442.50 1,569,442.50 -
10/O3/1999 3.772�782.50 1.772�782.50 - �
� 30/01/2000 I,Y69,707.50 1,269,]07.50 -
]0/OJ/200] 2,008,011.50 2,008,02?.50
TOTAL 6,679,355.00 6,639,355.40 �
INYESTMEN7 pARAMFiERS
fnvostmant Modol [PV, 6IL, ur Sacuriti•+1• ••.• • � • • GIC
A�fault invastment yi�id tar9�t... ........ ..... .. . kand Viald
Cast of Restrictad Inrastments....... ..... . ....... 6,619,355.00 -
Totai Gost of Invcstm�nts... . ........ . ......... . .. l6,5I9,355.00
7argst Cost of fnvastments ab ben4 yie10.......... l5,B6l,632.47
Yir7J ta Rrceipt........ . . .. ....... .... ........... 5.510553<S
Yiold fur Ar6iFroQe Pu�puses...... . .. ., •• ... .. . . .. 5.5305E3af
Klnsill, p'Neai, Neutomb d Dn Oioz, Inc. NEMMOHEY-NMon�yfscrur• SIHGLE P1IHPOSE
ou67ic Finanro 2]/17:1997 Be57 AM
FILE No. 475 11i19 '97 1U��'=ID�K 0 N & D 619 7�'- 8340 PRGc 2
Pa7m Das�rt Fin�nCtn9 Autho�ity
Pre,]ect Araa No. �
Y�ar 5
J20f Cov�rage
SOURCES i USES
D�tod O1/p!/1y98 Ociiver�tl 0]!15/T998
SOUNGES OF FUNOS
- Aar Amount of Bonds.... . ... . .... .. . .. .. . .. .. .... . . t10,275,000.00
Accruotl InLerest fPa�u O1/UUI998 t.o O]/15/199H.. . . 2I,273.0�
TOTAL 50l1RCE5 tl0,296.273,00
USES Of FUXDS
Oeposit to Dobt Srrrice Fund.... .................. 21,7)3.00
poposit to Oabt ServTn Reserre FunJ lDSRF). ..... . 732,020.00 �
� Rounding Amaunt.. .. ...............� ......... .... . . A,541.9BO.tl0
TOTAL USES f10,296,273.00
Kinsall, 0'Naal, Newcnm6 { Oe Oios, !na = NEWMON£V-Yoar5 11120• 51N6Lf PURAOSF
Pubiic Finance ll/l9/1fl97 4:09 AM �
F?LE No. 475 11i19 '9' 10�02 ID�'r: 0 N & D 'S19 79, 8340 PHGE 3
Palm paser[ Financing Autho�ity �
Praject Area No. 4 �
Y�ar S
120X Coveraga
. LOYERA6E AAT10
A�te Taial Rovonuas Total 0/5 Lovorage
u 10/O1/i998 878,913.00 470,165.00 2.1423056x
36:0.1/1999 b78,9Y3.00 547,0?0.00 �.6D67292x
JUiUl/200D 878.9I3.00 547,070.00 J�6067292x
30/0]/IOU: 879,9I3.p0 517,020.00 1.6067192x
70i0Y/2002 d7B,91J.00 732,020.00 J.2006660x
70i0;/2003 H%B,G33.00 728,P77.50 7.207169Ex
20/01J2004 87B,913.00 7ZB,Te7.50 1.P060PfiEa
10iD�/?Op6 878,913.00 71&,867.5a 1.2o5B611r
10/01/IOG6 878,913.00 728,420.00 1.?066020R
. � 30/O!/?007 878,913.00 T27,965.00 3�1093521x �
� 10/01/Z�08 878,913.00 73U�6D2.5Q I.202B49Ix
10/07/20D9 8)8,913�00 728�215.OU 1.:0694I6x
�' 10/Ol/7070 978,913.00 730.162.50 3.20J7?25x �
'� 10/OJ:2011 H)8,913.00 732,257.50 L:'019200x
IDi01/?l/J2 876,9I3.00 73I,522-50 1.2014846x
I 70�G]/20Y3 878,973.!)0 730,322.50 :.ZR345B)x �
:0/C:/2074 H78,913.70 7ZB,315.OU l.2067759x
10.!02/'107: H78,9l3.00 %30,595.OG 1.:WI74EF
10i07/2p7L 87H,973.OJ 731.5�5.D0 1.2013655x
IOi01/20i7 8)8.913.00 732,6I5.00 1.2013317x �
10:'P1/2018 8)&,�33.OA 7a0,555.UC � I.2030757x
10:01/2019 878,913.00 728,415.00 1.20667UZx
70/07/1020 B7B,913.00 730,J95.00 1.2036689x
IO/OIJ2027 876,97�.U0 730,627.50 :.20T9564s
� 30/0;!/?022 878,913.00 72�,i07-50 1.20I4730x
� 10/O1/T02] 976�913.OQ 727,440.00 2.20B2275X
i ]0/�1/2024 678,9]3.00 7ZB,820.00 1.2059397x
I 10/Ol/2025 879,913.C10 728,5H0.00 2.20633)0�
I IDial/2026 878,913.60 731,720.00 2.20176J3x
I 10/01/20T7 878,973.00 7Z7.47:.50 7.2073437x
� 10/01;2078 U18,913.00 717,605.00 I.Z079535x
�'--. _._..--"-- �_._....... _._. .
� TOTAI. 27,�?46,303.00 :'7,75p,677.50 -
Kinsel1, 0'Nwl, N.�ca,�b 6 Oe Dios, Inc. = NEWMONEY-YearS 6'120- SINGLE WRPOSE
�oblic F�nante 11/19/19y7 d;09 AH
rROM : MUNISOFT PHOhE N0. : 1 503 472 6361 ^ Noi�. 19 1997 10:39AM P1
MUNISOFT
2I30 NW Mtchelbook Lane
McMinnvill� Oregon 97128
(503) 434-6SIl Phone
{503) 472-636I Fax
Date: 11/19/1997
To: lknnis Coleman
From: Ken Dieker
Re: Housing- Numbers
Pa�ees: S (IncladinY Cover Pa�e)
Commenb:
If traasmission prnblems occur, please coatact Kea�eth L. Dik]cer at
(303) 434-6511.
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FROM : MUNISOFT ^ PHONE N�. : 1 5L�3 472 6361 ^ Nrn,. 15 1997 10:41AM P6
��i�b
7saA7moo�8oeb,1997
et ' afRiwede
Ea�nes dAod.
AvNuuadBmd� 47,7�p,ppp,pp
owa so.oe otm.b aro
ae..s�.orm.a. aro
��> aro
O�rsarmdDrb 0.00
7eW SwOdFuds �7,�/�7pp,dp
lJlndFlmd�
��� 3A7Y.00Gro
Hs�w8w4'Pnei� 191.7�173 It�wF�dChvhll� Awo��t
a�,.orr.�... +caaoom w�oe �.m.esxa
[r�aa�w.ty.eow ay.no.a a�oo a'ntaoaro
H��Ad� 71i,QCi.16 12lxAvw�pAruY 119➢,ltlM
LmTo}lwoi{AWndly q�j,ppppp
CR��� I�13D.�DD.00
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rROh1 : MUNISOFT - PHONE N0. : 1 503 472 63E1 Nov. ?9 1997 10:42AM P7
" CkmDehtB�via�mNarfw
Paiod Newlnw Funl
_ ors R�oat Fre Lu�aa TaY D6 D6
11/7Q97
II/iP47
�!1/98 619,�1 t1A� i19,691
l0/119� 410.000 ifl0 1319�380 1.659.7W 7�1'N,07{
�� 1,311.130 1,]11,130 7.i1q510
l07/9y 453,000 3.900 l�ll.l]D 1.QQQ130 zP77,26p
N� I,103,2ft l.2D1,216 ;Y6t,719
IMIfOD {7S.00D 4000 1,]0;7ii 1,67f,=!t 7,t7Dyt3
rlWl I.I97,7St I.I97,TSB i,q0,015
IOVIADI f00,000 AIOo I.19i,73t I,t4R75i ;p5315
MU03 1.7C TOs I.IG,lOY 7,ps,�y
IdV03 N4� 1900 I.t�21� [.lTL� ].753AI5
Yi/03 1.171„1U 1.17171Y ;706,�25
IOAq3 1tq000 4.3W ].1'N,71i 1,3{�71� 1,731,633
W� 1.165,306 1,165,lW ;7�y,y1L
ldl/dl ' �7qppp 4A00 1.165,500 I.315�J09 1.7y1,OD5
NlO6 1.154]63 I.1l6,36f ;74I.76S
idl/QS 135,000 a700 l,t36,267 1,l9taqt ;'/N3y
41I06 I.1M,195 I�i��7S 3,'!3),7it
INIA6 tlU.UW I550 4146.173 lA4<73 27�2SN0
NLb7 1,136,2i1 1.176,21t �73;713
tmRn as.aoo aeoo 4�ae.za� i.at�.?J� iTsr.as
4lM 61Iyt53 t.174,E33 ;7Sf��9D
1WIl01 A4� 4.7Go 1.13Atl3 l.bM.953 7.T�.705 �
VIND I,I71,O3 I,II;613 ;l37/MS
1011/09 1.215,000 4iW I.I13,613 �3t7,R7 yMp,263
41l10 1.013,lT3 I.00ip7! 3,{ll.i�
ia�no �.n4000 asoo �.a�wn x�ssA» �.�4�s
�nni i.ustasa i.onas� s.eus.ao
�aU�� t�s7.000 asw �.osztsa ;xta.r� A139.Ts
villi 1A19,716 1.019316 3.�06,6N
IWU13 1,�00,00D S.00D lAi9,316 3,{19,116 3.ttt,6i{
UI/13 9/.t,3)6 9N„7l6 ��qi,�
107A3 1,4]5,000 S.MO 9Ki16 �59�16 3,W,633
MM 9M1,OD 9�i3OA 3,p6,1g
IOII/N I,Sso,am 9.100 947,0:7 ;N7,0'7S 3,/N,Itl
Vllis 9P1.3R 9DT.7M 7.9Df.@0
Ip//IS 1.637�000 7.I30 9W.i/6 1�W�5{{ ��pyy
4Vls W.416 16f.M6 3M'�.4➢1
107/Is 1�'lIS�OOD 3.]fq 163�116 t,AD,413 ],.NS h,qj
YIA7 p0.1J6 q0.�3b 7.p1.7U7
1WIA7 ;IOS,OOD 5.700 130,136 ;96S,t56 3,7l4713
yUlt 7KS.016 76f.Ot6 7.730.943
IdU16 ],ZLO,OW 5.250 M6,OB6 3.025,Ot6 3.790,175
YIA9 A3,161 765,M1 y,'rjp,µ�
1d1/19 ;7K,000 5.250 706,M1 3,ODD,M1 3,fi6,317
4�1l1D b43.133 6[I,IS! 3,733,916
INV70 ]J1;00D 3.150 6�,153 3,lSt,IS3 3,IOtJIo
�/Vfl lT/.136 577.176 7,7i5,241 .
1dil2i 7,61y,ppp 5.]!0 3TI.l]6 ;2Y�136 7,79➢,27!
4�VS3 9D7,703 J07.705 ).'R9.M1
la�rl2 27oAuro s.]so lo7.tos 3,�l.ws 3.ansAto .
U147 ql� �.X� 3.A1173
t0/VD 1.9W,000 530D 41��6! ).77L1Qi �.i0Y933
�/1/M 7XSA �q5lt �.fl1.027
�avM a,ioqaoo s.wo �e.sse a.ae.�s �.tu.���
a�ns zµ�oe x��,+a A'n4su
tdvss �.z�o.aao s�oo ra.+o� s3+�.at �t�.t�s .
�v�s �n.�ss in.m s.n��w
�av�s s,�50.aao s.3oo in.�rs+ �.s3�as3 �,nsaas
�IIdT 94�=i 9b.34t 3.Tl�.010
�n�n� �,ms.aoo s.3oo vas:e �,nian 3.m.�ss
��rn an�.�a
•b'rio.000 s�loaa't 9sA26.ax ss.ua.ua s9.ns.as
VOU-15-159i' 1i2�55 h'HIuHT c. WEic�l , NF��� �.St� i�Gr ,Ul ki�
Law OHict oE
ROBERT M. HAIGHT
ATTORNEY AT LAW
Mvnidpd 9ond CataKl
November 18, 1997 �,
I
Mr. Carlos Orbega,Executive Director i
Redevelopment Agency
City of Palm D�arrt '
73-510 Fred Waring Drive �
Palm Deeert,Califomiz 92260 �'
Re: Seriee B Bonde;BIGHORN Development
Dear Carloe:
You have requested this office to enalyze the mdditionel steps ttut nfed be incurred if
the City of Pala►Desert(the"Cit}�')were to issue Series B Boads plus r x�w money component
Eor the BIGHORN Aevelopment.
It is my understanding that the Seties B Honds ars preaen4ly aut3wrized but uausued.
Further, I understand that the developer of BIGHORN deaires M add a new money component
and 'mcrease the issuance dollsr amount m excass of that which has bem authorized and to
levy the increased assessments upon the developer's property only. You have asked me for
direction as to how the City should proceed.
Please be advi�ed aa follows:
a) the City should receive a letier from BIGHORN requ�ting the Cotu�cil to change
and modify the assessmatt to Incre� the authorized issue to a larger sum and to
levy the incnaee upon the properties of the developer;
b) an nmmded Engineer's Report is to be filed with the City Clerk describing the
changes,the increase in assewment and the uaendad ase�s�ment roU;
c) the Council should adopt a Resolution of Intmtion to malce changes and
modifications at t�assessments and tet a 4ime attd Place foz heesing tttereon;
54015ootta Vslley Drivc,Suite A • Scotts V�Iley,CAlifornfa 9'a066 ■ (405�3&6b10 • FAX(408)4.'i8-1367
i.
rJDU-1�-1557 ���55 '��Fil'aHT 6 I,JEI�T 4�7G J;�E� .�G� P.Ltc%E7�
CAII06 OLtlgA
November 18,1997
Page 2 of 2
d) the Cit�• Cl�k chould give publish�d notice of the hearing at least ben (10) days
prinr to the hearing and mailed notice to each owner whoos assessment will incrense
at least tweniy (20) day�prior to the heAru►g;
e) ths developer must file with the City Clerk a written consent to ]evy additional
assessments;
� the City Council will hold a public hearing,hear all peotests, if any, end appsove the
assessment inerease bq a 4/5's vote;and
p� the City will provide for the issuance of the Series 9 Bonds, induding the new
money component authorlaed by the change and modification praceedings outlined
above.
The total extre tiate invalved is approximately tw�ty (ZO) days to provide for the
hesring. Of couroe, since the Series 6 Bonds and the new money component will be a new
issue, an updattd appraisal would be rec{uited to varify the land velue under the additional
bonds test set forth in the otiginal issuance documents.
If I may be oE any service to the City m ths above �aceeding6, pkaae advise. Bat
regards.
V"rY trulY Yours,
HeUGHT Qo WIIST
`�rr"'r� �
Itobeit M.Hright
cc: Lonnie Odoay Redwaod Securities Group, Inc.
Scott Koppel, MuniFinu�cIal
59015cotts Valley Drive,Suite A• Scotts V�IIcy,Califoznta 9D066 • (408)438-6610 • FAX(408�38-1367
rora� P.ez
BIGHORN
RECEIVED
November 17, 1997 NOV 1 9 1997
PALM DESERT
REDEVELOPMENTAGENCY
Mr. Ramon A. Diaz
City Manager
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
RE: Proposed Refinancing of Assessment District 94-1 (BIGHORN) Bonds
Dear Ray:
We recently met with representatives of the City of Palm Desert and members of its
financing team who explained the terms and effect of the proposed refunding of the
outstanding assessment district bonds,referenced above, by the Palm Desert Financing
Authority. This letter is to express our desire to have the Financing Authoriry prceeed
with such refunding.
Sincerely,
���
Joseph . Curtis
0 oller
BIGHORN Development,L. P.
Cc: Cazlos Ortega, Executive Director �
Redevelopment Agency
BIGFIORN DEVELOPMENT, L.P.
ZSS PA�OWET DRIVE, PAIM DESERT, CAIIFORNIA, 922E0 U S A
a 6i9 34f�4653 • fax 6i9 776-71z5 .
, �� �����������
� 73-510 FRED WARING DRIVE, PALM DESERT, CALIPORNIA 92260-2578
'�� TELEPHONE(760)346-0611 FAX(760) 341-6372 �
November 19, 1997
VIA FAX 776-7125
Mr. CarLCardinalli
Bighorn Development, L.P.
255 Palowet Drive
Palm Desert, CA 92260
Dear Mr. Cardinalli:
The letter from Robert Haight describes the steps that need to be taken in order to
issue the Series B for Bighorn with additional monies. As the letter states, you need to
start the process by sending a request to the City Council.
In the mean time, we are ready to price the Series A Refunding but will hold off until we
receive a letter from you authorizing the City to proceed.
Sincerety,
��r����..�
Carlos L. Ortega�
Executive Director
mh
Attachment
cc: Joseph D. Curtis, Controller, Bighorn
�
�
v.y.,
,
RECEIVED
NOv - 3 1997
fiEDE ELOPMENTAGENCY
November 3, 1997
• Mr. Ramon A. Diaz
City Manager
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
Re: Proposed Refinancing of Tieiravista(Sierranova)Assessmem Disuict Bonds
Dear Mr. Diaz:
We recently met with representatives of the City of Palm Desert and members of iu financing
team who explained the terms and effect of the proposed refunding of the outstaading Tierravista
(Sierranova) Assessment Disuict Bonds by the Palm Desert Finaacing Authority. This letter is to
express our desire to have the Financing Authority proceed with such refunding.
Very uuly yows,
DESERT AGGREGATES, INC.
�G����',���
v
Bnice D. Maize
Get►era!Manager
BDM/me
P.O. Box 11478 • PALM DESERT • CALIFORNIA • 92255-1478 • 619.341.8409 • Fnx G19.341.9351
� AON3�V1N3WdOl3A3a3d
�. 1d3S3a Wltld
..i��
� L66� 9 o no;�
i'
SUN�ISE a�ni�a�a
COMPANY
November 5, 1997 V/A FAX
MA/L FOLLOW UP
Mr. Dennis M. Coleman
Redevelopment Analyst
Palm Desert Redevelopment Agency
73-510 Fred Wari�g Drive
Palm Desert, CA 92260
RE: Proposed Refinancine� of Indian Ridge Assessment District Bonds
Dear Dennis:
Enclosed is a signed copy of the letter approving the Palm Desert Financing authority
to refund the Indian Ridge Assessment District Bonds.
Please call if you have any questions or need additional information.
Sincerely,
Rudy A. Barela
Budget Director
42-600 Cook Street, Suite 200, Palm Desert, California 92211, Telephone (619) 568-2828
Builder of Amenca's Finesr Caunn,y Ciub Communiti¢s
'
II
City of Palm Desert
73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260-2578
TELEPHONE(760)346-0611 FAX(760)340-0574
I
October 31, 1997
Ivlr. Ramon A Diaz
City Manager
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
RE: Proposed Refinancing of Indian Ridge Assessment District Bonds
Deaz Ray:
We recently met with representatives of the City of Palm Desert and members of its financing
team who explained the terms and effect of the proposed refunding of the outstanding Indian
Ridge Assessment District Bonds by the Palm Desert Financing Authority. This letter is to
express our desire to have the Financing Authority proceed with such refunding.
Sincerely,
Rudy A. Bazela
Manager Forecast and Budgeting
Sunrise Company
�
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