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HomeMy WebLinkAbout11 MAY 1998 2 File Copy AGENDA INVESTMENT & FINANCE COMMITTEE WEDNESDAY,May 20, 1998—11:00 A.M. NORTH WING CONFERENCE ROOM ****************************************************************************** CALL TO ORDER II. ROLL CALL III. APPROVAL OF MINUTES Rec: Approve the Minutes of Apirl 15, 1998 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 her name and address for the record. Remarks shall be limited to a maximum of five minutes unless additional time is authorized by the Chairman. B. This is the time and place for any person who wishes to comment on non- hearing agenda items. It should be noted that at the Investment&Finance Committee's discretion, these comments may be deferred until such time on the agenda, as the item is discussed. Remarks shall be limited to a maximum of five minutes unless additional time is authorized by the Chairman. V. OLD BUSINESS A. Status of Public and Private Partnerships Background Checks for Section 4 Rec: Report by Carlos Ortega. Action: B. Bond Issuance by Palm Desert Financing Authority Rec: Status Report on new Bonds for Bighorn. Action: AGENDA-INVESTMENT & FINANCE COMMITTEE May 20, 1998 ****************************************************************************** C. Report on McCallum Theatre Rec: Discuss report. Action: VI. NEW BUSINESS A. City and Redevelopment Agency Investment Schedule Rec: Review and submit to the next City Council agenda. Review the presentation on the investment graphs. Review the investment activity during the month of April. Review status of capital projects and cash flow projections.Due to problems with software and a delay with First Trust Statements, staff is unable to produce schedules prior to meeting date. Will be disbursed at meeting. Action: B. Review Short Term Investments Maturing in May. 1998 Rec: Review investments in 1) collateralized deposits; 2)treasury bonds and notes; and, 3) Agencies discount notes. Action: C. State of California Local Agency Investment Fund Monthly Report Rec: Informational item for the Committee to review. No action required. D. Month y Financial Report for City Council Rec: Report and submit to City Council. Action: AGENDA-INVESTMENT & FINANCE COMMITTEE May 20, 1998 ****************************************************************************** E. parkview Professional Office Buildings-Financial Reports Rec: Review of 4/30/98 financial statements. Action: F. Desert Willow Golf Resort Financial Information for April Rec: Review and file report. Action: G. paim,)esert Recreation Facilities Corporation Income Analysis for ARrii Rec: Review and file report. Action: VII. REPORTS AND REMARKS A. Reports and Remarks by any Committee Member B. Items to be placed on the Next Agenda VIII. NEXT MEETING DATE Next regularly scheduled meeting is: Weinnodiw amle .77 i gIN3 FLtt I I n®® Inmmn IX. ADJOURNMENT {; . , , , Minutes tt r. r,_ " Finance Committee CONVENE On April 15, 1998, the Investment & Finance Committee was called to order at 11:07 a.m. by Mr. Paul Gibson. ROLL CALL Paul Gibson, Jean Ruth, Ray Diaz, Bob Spiegel, Dave Erwin, Murray Magloff, Bill Veazie, Carlos Ortega, and Diane Hines, recording secretary. Absent- Jean Benson Guest: Dennis M. Coleman, Redevelopment Agency APPROVAL OF MINUTES Upon motion by Mr. Ray Diaz, and seconded by Mr. Bob Spiegel, the Minutes of the March 18, 1998 meeting were APPROVED as submitted. Carlos Ortega asked that a correction be made about his name being shown as Carlos Ortega not Carlos Diaz. Upon motion by Ray Diaz and seconded by Bob Spiegel the motion was approved unanimously. ORAL COMMUNICATIONS None. OLD BUSINESS A. Status of public and private Partnerships Background Checks for Section 4 No report per Carlos Ortega. B. Bond Issuance by Palm Desert Financing Authority The Council authorized RDA to proceed with the following: 1. Form a new assessment district for Bighom, which is for their new project "Canyons of Bighorn." Based on their preliminary construction cost the amount is $23,000,000. The total completion cost could be as high as $30,000,000. 1 Minutes Finance Committee 2. Series "B" for the existing "Bighorn" has not been issued. They were not supposed to be issued until there was more construction, so they could show the lien to value ratios. At present, there is enough construction to issue them. Our proposal is to combine both those issuance. This will be called "Marc Roos Pool" financing. It is more economically feasible to do one bond issue instead of two. This process was authorized by the City Council and Financing Authority last Thursday. Paul Gibson stated they want this process done by September 1, 1998. We may heed to have a special meeting either in July or August, so we can meet the time frames. We are setting up a time table as we speak. Carlos Ortega said there is no specific financing proposal. We will issue revenue bonds by the financing authority to be backed up by assessment bonds to be backed up by the assessment liens on the property. The documents specifically state these are not obligations of the City. Our only obligation is to collect the assessments from the property and to institute foreclosing proceedings. Our policy has always been that the Property Owner pay for the cost of processing the assessments annually. In addition, they pay the City $50,000 for Bond Issue. These are tax exempt bonds. C. Report on McCallum Theatre Paul Gibson will report at the May 20, 1998 meeting. New Business A. City and Redevelopment Agency Investment Schedule Jean Ruth stated we have a new color printer which she used to print her graphs. The total is like the statement from last month. The total book value of the pool is down because of operating costs of the city. The market value on the pool is less than last month, in the change column there is a negative number. That means the gain that we had in March is less than the gain in February. It does not indicate a loss on the portfolio. On the Redevelopment Agency the portfolio shows a $19,000 loss in market value. That means that if the entire portfolio was sold on the last day of March, we would have lost $19,000. It is from the fluctuation in the market not the investment itself. Part of that is market fluctuation. However, it is also the fact that we have had the Project Area 4 Bond Issue and because we had to go out and purchase security in the market when the interest rates were down. 2 Minutes Finance Committee B. Review Short Term Investments Maturing in April 1998 The only maturities we have for the next three months are in this month of April. Essentially all of the moneys we are going to use for operations are the monies in LAIF and the money that is in our money market Sweep Account. We did have a maturity of$5 million on the last day of March that we actually received in on the 1st day of April. When we analyzed it, we found that because we needed it short term, and it was construction money for one of the bonds, that it really was more reasonable to keep the monies in the Fidelity account which is earning 5.42%. Our LAIF rate is 5.72% and the rate today for five year Treasuries is 5.56%. C. State of California Local Agency Investment fund Monthly Report The maximum we can have for the City is $20 million and we are at $19.8 million. We have to leave some room for interest earnings. The Redevelopment monies we will be leaving for purposes of getting the tax increment that is coming up fairly soon. D. Monthly Financial Report for City Council Bob Spiegel asked about the "sales tax" being down. Paul Gibson explained it was due to adjustments that we get quarterly. So the advance they gave us this year versus last year is lower. It has nothing to do with what we are actually receiving. The amount of "sales tax" is up. The last report from Municipal Resource Consultants for July through October we were 16% higher than last year. Paul Gibson said he is projecting at least 9.3 million minimum and it could be higher than that. Bob Spiegel asked about "Occupancy Tax." Paul Gibson explained the Occupancy Tax is up and the main reason it is up now is the way the budget was calculated. The $5 million was budgeted but we actually received $5.4 million last year. We received more last year than what was budgeted. Therefore, my budget estimate is on the low side. On TOT, we should be at $5.4 - $5.5 million. Between those two, we should be about $1 million over budget. "License Permits" we are well over. If you look at prior year, year-to-date, we had $1.4, almost $1.5 million. This year we have $2.3 million. This is due to building permits, i.e., The Gardens, housing permits. Bill Veazie asked about "Property Tax" monies. Paul Gibson stated they don't disburse the tax monies any 3 Minutes Finance Committee sooner. We will get an advance payment of approximately 30% based on April 10, 1998 collections. Also, there is a new County Tax Collector/Treasurer, appointed by the • Board. Interest income is up, based on interest rates being higher and our available cash available to invest is also much higher. State Subvention is also higher than last year. Last year was$1.056 million and this year we collected $1.88 million. Bob Spiegel asked Paul Gibson about revenues for the City. Paul Gibson said he thought about $26.3 million. On an expenditure side of the Budget, Police and Public Safety is higher than last year. That is due to how the County is invoicing. Last year they were two to three months behind. Also, we have hired the Desert Hot Springs Deputies and they came on board immediately, so that is up. When we originally put the budget in for the year, we put it in because we are taking both the encumbrance and actual together as a number. That is the reason the year-to-date budget is high. If you took the year to date actual and encumbrances together then you would have something that was equal to the year to date budget. Public Works is below their budget due to street resurfacing that has not been completed. Parks is over, due to the median contracts. Bob Spiegel asked Paul Gibson where he thought the budget number would come in? Paul stated lower than the $24 million, approximately $23 million. But, that is only a guess. • E. Park view Professional Office Buildings - Financial Reports Net income to date is $326,000 versus a budget of$271,000. We will be spending some additional monies on improvements which will decrease the net amount. Paul Gibson stated W.A. (tenant) was interested in the 1,300 square feet. They might be interested in the old conference room. Ray Diaz said he had not heard any information on the CVAG lease. Ray also commented that in speaking with Corky Larson she didn't think she could deliver the 20-year extension, but could on the 10-year lease. Bob Spiegel said Council would be willing to spend the monies for the 4 Minutes Finance Committee renovation of the Conference Room, based on a commitment from CVAG for 20 years. However, if they signed a 10-year lease, it was felt it would not be economically feasible to remodel. Paul Gibson stated the Arthritis Foundation has indicated they will renew their lease with the possibility of expanding. MedLife is also due in September. We have had preliminary discussion with them and they have indicated they might want to cut down their space. Paul Gibson mentioned there was a fire in front of the office complex building. The only thing that burned was some landscape. Public Works will be removing some old landscaping so we won't have any future problems. It was determined the fire was caused by a "cigarette." F. Desert Willow Golf Resort Financial Information for March Murray Magloff brought to the meeting an article published by "The Desert Sun" regarding Desert Willow. He wanted a clarification on the article stating a loss about "Kemper indemnifies the City from losses." Paul Gibson explained Kemper's contract indicates that if we get into a negative cash situation, Kemper is obligated to pump cash back in to cover the negative cash. Murray Magloff also questioned the $12,500 per course per month that is being paid to Kemper- "Home Office" overhead in Chicago. Carlos Ortega stated in the agreement the golf course is suppose to pay for all the cost of operation. Kemper receives a fixed amount for their overhead. Ray Diaz commented he can understand Murray questioning a $500,00 loss. Paul Gibson said Kemper indicated "that was a worse case scenario that they were presenting." Also, he has requested Desert Willow to come back with a revised budget that wasn't as bad as that one. I did receive a new one yesterday, however, they did not give me the details. So I don't know what they cut. The information given toThe Desert Sun was taken in the wrong context and published incorrectly. Ray Diaz said they are working diligently to get the Budget out, however, we want to make sure when City Staff releases the information, it is the correct information. 5 Minutes Finance Committee Carlos Ortega commented if you look at the net profit and loss at the end of March; it is only $205,000. That is very good for a first year. Given the decision that have been regarding additional maintenance and rates, that number is very good. G. Palm Desert Recreation Facilities Corporation Income Analysis for March No comments. H. Repprts and Remarks by any Committee Member Bill Veazie said he had received some great advertisement from the McCallum Theatre. Bob Spiegel said last year you could take the 10% discount through June. Now the discount has to be taken by April. NEXT MEETING DATE The next Investment & Finance Committee meeting will be held Wednesday, May 20, 1998 at 11:00 a.m. ADJOURNMENT Upon motion by Murray Magloff and seconded by Bill Veazie the Investment &Finance Committee adjourned at 11:50 p.m. Respectfully submitted, %kit LS,/ Diane L. Hines 8 Recording Secretary 6 STATE OF CALIFORNIA MATT FONG,Treasurer OFFICE OF THE TREASURER ��� SACRAMENTO Pct 'h LOCAL AGENCY INVESTMENT FUND P.O. BOX 942809 Date: 03/31/98 SACRAMENTO, CA 94209-0001 Page: 01 MARCH, 1998 STATEMENT ACCOUNT NUMBER: 98-33-621 CITY OF PALM DESERT ATTN: CITY TREASURER 73510 FRED WARING DRIVE PALM DESERT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATE TYPE NO CALLER AMOUNT BALANCE BEGINNING BALANCE - REG $19 , 842 , 222 . 91 ENDING BALANCE - REG $19 , 842 , 222 . 91 GRAND TOTAL $19, 842, 222 . 91 SUMMARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT REG 0 $0 . 00 $0 .00 I. • POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF MARCH 1998 WITH MARCH 1997 (Dollars in Thousands) :MARCH 1998! MARCH 1997 .CHANGE Avenge Daily Portfolio S28,780,961 $28,119,688 +$661,273 Accrued Earnings $138,852 $133,274 +$5,578 Effective Yield 5.680 5.580 +.10 Average Life—Month End(in days) 197 246 -49 Total Security Transactions Amount $16,987,472 $10,751,192 +$6,236,280 Number 377 248 +129 Total Time Deposit Transactions Amount S652,695 $131,900 +$520,795 Number 57 28 +29 Average Workday Investment Activity S801,826 $518,243 +$283,583 Prescribed Demand Account Balances For Services $187,139 S152,758 +S34,381 For Uncollected Funds $134,490 $165,589 -$31,099 LOCAL AGENCY INVESTMENT FUND* SUMMARY OF ACTIVITY MARCH 1998 BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE S11,405,006,554.00 S991,870,000.00 S1,154,239,738.59 S11,242,636,815.41 'Local Agency Investment Fund Invested Through Pooled Money Investment Account State of California Pooled Money Investment Account . Market Valuation 3/31/98 �riptio li tarrying Cost Plus t �Estimated - - .- AAccruatl interest Purch. t Madcet Value J-- -Accrued Interest United States Treasury: Bills $ 2,420,964,781.00 $ 2,464,604,902.75 NA Strips $ 73,184,450.00 $ 94,391,750.00 NA - Notes $ 5,185,272,399.31 $ 5,187,804_590.00 $ 61,580,066.11 Federal Agency: Bonds $ 1,593,880,329.46 $ 1,593,119,030.00 $ 24,069,016.67 Floaters $ 170,000,000.00 $ 169.982.500.00 $ 1,231,870.00 MBS $ 139,691,213.65 $ 140,111,750.69 $ 824,216.11 GNMA $ 2,477,668.49 $ 2,853,012.95 $ 24,411.95 SBA $ 222,809,965.64 $ 224,143,252.69 $ 2,228,877.28 FHLMC PC $ 24,002,273.39 $ 25,677,024.45 $ 385,379.49 Discount Notes $ 1,196,606,353.02 $ 1,220,259,747.78 NA Bankers Acceptances $ 187,055,751.78 $ 187,055,751.78 NA Corporate: Bonds $ 972,299,704.50 $ 971,913,325.45 $ 16,394,259.63 Floaters $ 561,887,374.49 $ 562,417,597.50 $ 2,832,615.45 CDs $ 5,697,899,056.71 $ 5,695,075,704.72 $ 70,227,184.69 Bank Notes $ 1,025,000,000.00 $ 1,024,796,984.00 $ 16,104,944.44 Repurchase Agreements $ - $ - NA Time Deposits $ 1,277,390,000.00 $ 1,277,390,000.00 NA AB 55& GF Loans $ 1,620,452,146.00 $ 1,620,452,146.00 NA Commercial Paper $ 6,657,785,847.58 $ 6,664,904,125.38 NA Reverse Repurchase $ (669,943,000.00) $ (669,943,000.00) $ (1,409,861.75) TOTAL $ 28,358,716,315.02 $ 28,457,010,196.14 $ 194,492,980.07 Estimated Market Value Including Accrued Interest $ 28,651,503,17621 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Certificates of Deposit(CDs), Bank Notes(BNs),and Commercial Paper(CPs)less than 90 days are carried at portfolio book value(carrying cost). Interest accrued from the date of purchase on CDs and BNs under 90 days is not included. comet X « O 0 i CO rDi 0 W m =. LI + z 0 D . �?� Z al 'i m O n 2 O -< O m ca m—I lis Do a < 3 0 m 1 « « M « « « « e.H 0 IA N o C a. C V UN N IO CO N 0 OO m la 0 "` , . D m is m N as 0p a m O. « TT 0 C ► + O N s O V O n N � » M 4/0 « 4/0 « « -.,s, t en 3 P. N '2 C = O' N w + a ,, 3 r p O 0N ofAf la a" a O at 01 AlCO4/ 01 N r aija°1 MC m y M « « « « : co W Pa O O O a D « « « « « - C N m xi us a CA 0 O as O AlV .o = Z a « M « 4/4i H 14 1.41 .000 ot 0 at M N N N « « f';'AJ•�t.` ., ? 711 W Z J •p W s.;^ 4 v W W Nf + N W M M « « '3u•;y:ir O a 'ti1:<y• g m • 00 at 1 W faO V 'z ITI Er C aO aO '¢n':�. '_ « « «- « 0 W 0 at q tic 1 NNp N .; 6 tea la • C. M "sic 3 I 0 Fti '+ /l n2onll/1 news/eller /LAIF NEWS of /noes/meal tooiwaion „,:os .-;v4i.o. .,:t.e.:* /l)rrl 1998 _. : ".A'. A Ni 5 J" 5 ......Wai s v. 'ib �, f • The State Treasurer's Office (STO) has received several inquiries from local governmental agencies regarding the Year 2000 (Y2K) computer issue. The Y2K issue is the inability of some computer applications, built over the last 40 years, to process - dates and date related data beyond the year 2000. The STO has taken a proactive role in preventing the year 2000 from hindering the daily operations of the STO. The Information Services Division of the STO has prepared a memorandum defining STO's goals and objectives in solving the Y2K issue. If you would like a copy of the memorandum, please call LAIF at (916) 653-3001. f" -�# ' pence Local Agency Investment stemmAptit 99 T' t n Advisory Board Meeting to-run paratteU.ste nserir ordetto t the nerve = ?tac dal apJp iosto %otat The Local Agency Investment crnversia,,, �r +x. • r >> u t` Advisory Board held its 'quarterly board maggigi4n tr ter a-trerify!; that ire meeting on March 4, 1998 at the State tnfbnnatreut lsrougt t*ontthe ccrrrerit LAIF .' Treasurer's Office. Systerrr ta. tr Leis conett, l:AlF yed A synopsis of the meeting is �tng n! Pd m 3a included •with your March 1998 statement. t err at)11u recerve�the Annual i� .. 't eA na"oy is s . ss.sQ xc a Update; tt r rt you. review the ithrri ion akeia ttanges necessary SATE THE BATE three y oa ,an tral tE.4.. , and i'esurn im.medaetot n aencoseself LAW Annual Conference tl s Center aRIlieS edn *mats littanitalagele September le,1998 zI3 nfes a rrtrPniie to provide Fs t 34_ . X'?R w nn : ram, , Iu� � 5�' �' � laitiGlpdittSl xa; l'‘W :oiYty ` C �a S.la COffiR'ar�-8'. t State Treasurer Alast Font, Phone (916) 653_3001 Local Ataencv Investment Fund Fax (916) 654-9931 PO. Box 94CS09, Sacramento, CA 9-009-0001 http //solve treasurer Ca gov SYNOPSIS OF MINUTES LOCAL AGENCY ADVISORY BOARD Meeting of March 4, 1998 The Advisory Board dealt with five specific issues at this meeting. The first issue was a report on the review of the Implementation Guide issued by the Governmental Accounting Standards Board. Based on the guidelines in the draft of the Implementation Guide, the State Treasurer's Office will be able to comply with Statement 31 and provide LAIF participants with their fair value as of June 30, 1998. The second issue was the announcement that the LAIF is in the data conversion phase of the LAIF system rewrite. The LAIF staff is currently entering agency bank information into data conversion screens for the Oracle. LAIF will run parallel systems from April 27, 1998 to approximately June 30, 1998. The anticipated implementation date of the new Oracle system is July 1998. The third issue was a discussion of the 1998 LAIF Conference. The Board agreed to hold the pre-conference on September 17, 1998 although construction will be in progress on the first floor of the building. The Board will decide on a keynote speaker for the LAIF Conference at the next board meeting. The fourth issue was the announcement that that some members of the California Municipal Treasurer's Association (CMTA) will be touring the State Treasurer's Office on April 21, 1998 in conjunction with their annual conference. The issue of the $20 million limit was raised by Board member Patricia Elliott, a discussion followed. ` STATE OF CALIFORNIA MATT FONG,Treasurer OFFICE OF THE TREASURER �. SACRAMENTO LOCAL AGENCY INVESTMENT FUND P.O. BOX 942809 Date: 03/31/98 SACRAMENTO, CA 94209-0001 Page: 01 MARCH, 1998 STATEMENT . ACCOUNT NUMBER: 65-33-015 PALM DESERT REDEVELOPMENT AGENCY ATTN: PAUL GIBSON, TREASURER 73-510 FRED WARING DRIVE PALM DESERT CA 92260 EFFECTIVE TRANSACTION TRAN CONF AUTH TRANSACTION DATE DATE TYPE NO CALLER AMOUNT BALANCE BEGINNING BALANCE - REG $14, 360, 709 . 09 ENDING BALANCE - REG $14, 360, 709 .09 GRAND TOTAL $14, 360, 709 .09 SUMMARY TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT REG 0 $0 . 00 $0 . 00 I1Jc- L6/41ei POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF MARCH 1998 WITH MARCH 1997 (Dollars in Thousands) ARafi99$34j" ;ALUM 1997 CHANGE t Average Daily Portfolio $28,780,961 $28,119,688 +$661,273 Accrued Earnings $138,852 $133,274 +$5,578 Effective Yield 5.680 5.580 +.10 Average Life—Month End(in days) 197 246 -49 Total Security Transactions Amount $16,987,472 $10,751,192 +$6,236,280 Number 377 248 +129 Total Time Deposit Transactions Amount S652,695 $131,900 +$520,795 Number 57 28 +29 Average Workday Investment Activity $801,826 $518,243 +3283,583 Prescribed Demand Account Balances For Services $187,139 S152,758 +$34,381 For Uncollected Funds $134,490 $165,589 -$31,099 LOCAL AGENCY INVESTMENT FUND* SUMMARY OF ACTIVITY MARCH 1998 BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE S11,405,006,554.00 $991,870,000.00 $1,154,239,738.59 $11,242,636,815.41 'Local Agency Investment Fund Invested Through Pooled Money Investment Account State of California Pooled Money Investment Account . Market Valuation 3/31/98 ..y :s�, fy •i 4 .C$" % 'i ,- f ` +lGstim t!cl - _.1; ,- s " -`t >~b �- saint rest;Purch..., _ -.: Market Value - accrued Interest; United States Treasury: Bills $ 2,420,964,781.00 $ 2,464,604,902.75 NA Strips $ 73,184,450.00 $ 94,391,750.00 NA Notes $ 5,185,272,399.31 S 5,187,804,590.00 $ 61,580,066.11 Federal Agency: Bonds $ 1,593,880,329.46 $ 1,593119,030.00 $ 24,069,016.67 Floaters $ 170,000,000.00 $ 169,982,500.00 $ 1,231,870.00 MBS $ 139,691,213.65 S 140,111,750.69 $ 824,216.11 GNMA $ 2,477,668.49 $ 2,853,012.95 $ 24,411.95 SBA $ 222,809,965.64 $ 224,143,252.69 $ 2,228,877.28 FHLMC PC $ 24,002,273.39 $ 25,677,024.45 $ 385,379.49 Discount Notes $ 1,196,606,353.02 $ 1,220,259,747.78 NA Bankers Acceptances $ 187,055,751.78 $ 187,055,751.78 NA Corporate: Bonds $ 972,299,704.50 $ 971,913,325.45 $ 16,394,259.63 Floaters $ 661,887,374.49 $ 562,417,597.50 $ 2,832,615.45 CDs $ 5,697,899,056.71 $ 5,695,075,704.72 $ 70,227,184.69 Bank Notes $ 1,025,000,000.00 S 1,024,796,984.00 $ 16,104,944.44 Repurchase Agreements $ - $ . - NA Time Deposits $ 1,277,390,000.00 $ 1,277,390,000.00 NA AB 55& GF Loans $ 1,620,452,146.00 $ 1,620,452,146.00 NA Commercial Paper $ 6,657,785,847.58 $ 6,664,904,125.38 NA Reverse Repurchase $ (669,943,000.00) $ (669,943,000.00) $ (1.409,861.75) TOTAL $ 28,358,716,315.02 $ 28,457,010,196.14 $ 194,492,980.07 Estimated Market Value Including Accrued Interest $ 28,651,503,17621 Repurchase Agreements,Time Deposits,AB 55&General Fund loans,and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). Certificates of Deposit(CDs), Bank Notes(BNs), and Commercial Paper(CPs)less than 90 days are carried at portfolio book value(carrying cost). Interest accrued from the date of purchase on CDs and BNs under 90 days is not included. Z Z Z 9 w w w m N O O 1) D 0 O m XI ~ 2a D ��m re o • + O ,� Z coai n to mi? "fSxur 0• IG 0 1 lbOi 2 M � '0 'x? 0 ., . :....;;.r a O a IQ N N N N N N a •N ;^"n O 7 a M u to to a N b a Cet 0 m r N V a O o'...—.i .. v 0 C V a a m w a o '' :s>-:: L D m - a N r` m 0. a w Si .. co tl1 ,• �. 7 't o a o N a o gel t ;'PO , • 7' a � a a• � xa� n c9 » p N > CD m Q CO m m + N V 3 7 '' C at N a w w s a A O �S O a a a + O a + O V O z 0a „ m fd i^ESe . "I 3 w N N N N N N o�, ".- Di C• = C a a ar ? P X to a w t 2 S - ICTI o < r+ • Y N N N N N N,-16 C y p /� 3 w — C I > > .•1 2'_ �Y N m O m O x3v-�., in > N N N N N a � it V ' �'" XI qq " 0 aa a m + k ,'�s Z M N N N age. J � �� O it - ", fix; M to at us al N a O V 0 a a a N N . v V ' v or ina .' • T O 0 e a e . C m W n N N N N N a a z re co N a -a' w IS x. 0 o m m O O Oo r: .... ;m a a V V . 1 at bam - a � mOao 0 r � ` a m op ; N N N- N g• 7 • • UI S. K it to — N a '�� 7 toto a m a a 2 N M y w z..t�"' .. ._ w V V D O O p ' 0 O N N N n3 : C P. S + N a r . a3 LAlF ), E'\\7S jz f : 1 inon/lly newsleller ,in.ueslax'n_1 r11orrnalion 17 IIf7/ 1994 5 )tl Sy 6666! The State Treasurer's Office (STO) has received several inquiries from local governmental agencies regarding the Year 2000 (Y2K) computer issue. The Y2K issue is the inability of some computer applications, built over the last 40 years, to process dates and date related data beyond the year 2000. The STO has taken a proactive rote in preventing the year 2000 from hindering the daily operations of the STO. The Information Services Division of the STO has prepared a memorandum defining ST0's goals and objectives in solving the Y2K issue. If you would like a copy of the memorandum, please call LAIF at (916) 653-3001. Y�.a - sxzs rk^! x • L F "OA..Line"Witli'firade Local Agency Investment allifil�L �4 fi n' Advisory Board Meeting to ruri paratteL;sy ems. tmder-to test the �w Otac? d4tabas .r rtor to;ttxtal �� �� r�, � �; ��a� _< a � $� $ , ,�, , • The Local Agency Investment conversion o July 5 99t. . x 5 Advisory Board held its quarterly board In order °te,?ve4ty '#hat the meeting on March 4, 1998 at the State tnfonnatrot brought froth the current LAW Treasurer's Office. system trt Dradeis cotrectR IAIF]i4efay04s A synopsis of the meeting is sung tts Annnuatlipr ate : : . an included with your March 1998 statement. 19i}8 t998.�>, t in U�(� kyy3�'{�' /� 1 Update:v e th at .you revewi the r rmatio , .al k at st pr trecessaty SITE THE DATE threctr on t original Iona, and return LAW Annual Conference trntrtedt'atety to tAIF tr enclosed self Sacramento cones, fe an Center w addressed e e Ia `o- c I September IS.19911 provide ,' ♦ypj� > Yx' 'gyros i l.� : State Treasurer Matt Fong Phone (916) 653-300I Local Agency Investment Fund Fax (916) 6>-1-093 I p0- Box 942809, Sacramento. CA 9-1209-0001 http /l‘s-ww, treasurer ca ,ov t SYNOPSIS OF MINUTES LOCAL AGENCY ADVISORY BOARD Meeting of March 4, 1998 • The Advisory Board dealt with five specific issues at this meeting. The first issue was a report on the review of the Implementation Guide issued by the Governmental Accounting Standards Board. Based on the guidelines in the draft of the Implementation Guide, the State Treasurer's Office will be able to comply with Statement 31 and provide LAIF participants with their fair value as of June 30, 1998. The second issue was the announcement that the LAIF is in the data conversion phase of the LAIF system rewrite. The LAIF staff is currently entering agency bank information into data conversion screens for the Oracle. LAIF will run parallel systems from April 27, 1998 to approximately June 30, 1998. The anticipated implementation date of the new Oracle system is July 1998. The third issue was a discussion of the 1998 LAIF Conference. The Board agreed to hold the pre-conference on September 17, 1998 although construction will be in progress on the first floor of the building. The Board will decide on a keynote speaker for the LAIF Conference at the next board meeting. The fourth issue was the announcement that that some members of the California Municipal Treasurer's Association (CMTA) will be touring the State Treasurer's Office on April 21, 1998 in conjunction with their annual conference. The issue of the $20 million limit was raised by Board member Patricia Elliott, a discussion followed. C aaA _ a a Wo- . S�j a m ., 4 4 ,. a. di a ❑ � a '+C W k't . x W , , , u a x t , '0 0 00 4. � '00 = I N` t*1 .r O h• O 6 'b Ni -t t -t ,:.i _ 113-en N .+ ; a; - -t ti H i r jt w2 ' r .a€r N rr't W to ,N c0*i M: O h. y _ - E' C. n �p 'Y' N `r-r -1 r Q, - „ AP �+ 1 'C -+tom ...r G't:-+R "°:. 'P ,r ' " ..i r t. rt is a " + Otis 'co: P+r N G _ » _ 4' .. a.. oNAnif,r� nc _. _ 4 I. rifcq r _ r - _— =OaF0 ` _ fiti ac- t M I [h, M . .4 _ E C 'I N ^�, , .U Ma�rVN N, ,acr e LJ y t sa LL1 O c +. ^:r ` d 5 - Y — ek r ,,,s,. C Y O , %s1 U h c M 0 O p S re,. V i i7 a �'z y,y s'G , i; 8�. . 7 .� apages, Lei. // is— CI CIS 'OM t° `:` " 4,4 ,:, E'` . - ' ' st '' x -' S A l z a��•FH"k ri c'n:, �r�a .II ff\\ u IIjTg _ gx;:�"roer p( G� TP sy ®'�ra]�ppAa� J 1 '� '�y '?s. G• L -%.-'.516a,ar :k",+,.?h*;„4--1- 'a„'IV s,, ,*-ni s .p -K ?q` ,.t < ,° t , ittismovormirovate, PALM DESERT REDEVELOPMENT& 1CY COMAWED STATEMENT OF ACTUAL REVENUES&EXPETWITURES' COMPARED TO BUDGET 30-Apra RDA RDA %of (FAV)UNFAV Budget YTD Budget Actual YTD Budget Variance REVENUES 1 Tax increment' 24,328,200.00 20,273,500.00 13,053,328.52 64.39% 7,220,171.48 2 Interest 1,904,000.00 1,580,686.67 2,759,592.93 173.92% (1,172,926.26) 6 Sales of Property 0.00 0.00 11,362,120.00 0.00% (11,362,120.00) 3 Reimbursement From Other Agencies 759,000.00 632,500.00 538.998.31 85.22% 93,503.69 4 Other Revenue 364,000.00 303,333.33 - 1,680.516.43 554.02% (1,377,183.10) TOTAL REVENUES 27,355,200.00 22, ,000.00 29,394,554.19 128.95% (6,598,554.19) ' FAV(UNFAV) EXPENDITURES Variance Administrative Costs 1,318,200.00 1,098,500.00 678,026.45 61.72% 420,473.55 Professional Services 2,160,613.00 1,800,510.83 600,680.60 33.36% 1,199,830.23 Property Tax Administrative Fee 563,900.00 469,916.67 397,766.00 84.65% 72,150.67 Cost of Inventory Sold Capital Outlay 97,300.00 81,083.33 238,822.29 0.00% (157,738.96) Deep Canyon&Hwy 111 8,241.00 6,867.50 14,141.93 205.93% (7,274.43) Parking-The Gardens 5,000,000.00 4,166,686.67 0.00 0.00% 4,166,666.67 El Paseo/Highway 74 7,719.00 7,719.00 7,719.33 100.00% (0.33) 1-10 Interchange 250,000.00 250,000.00 250,000.00 100.00% 0.00 Super Block III-Landscape 60,000.00 56,000.00 0.00 0.00% 50,000.00 Desert Crossing Public Improvement 43,450.00 3E1,208.33 0.00 0.00% 36,208.33 Desert Willow-PM 8,001,478.00 6,667,898.33 0.00 0.00% 6,667,898.33 North Sphere Infrastructure 26,555,050.00 22,129,208.33 6,333,553.72 28.62% 15,795,654.61 Desert Willow PS2 14,899,120.00 12,410,933.33 1,996,683.62 16.08% 10,419,249.71 P#4 Street Improvements 1,011,129.00 842,607.50 475,526.40 56.44% 367,081.10 6 Desert Rose 131,002.00 109,168.33 5,014,486.15 0.00% (4,905,317.82) Air Duality Management 200,000.00 166,666.67 53,635.82 0.00% 113,030.85 Office Equipment 5,000.00 4,166.67 806.66 19.36% 3,359.81 Hwy 74 and Hwy 111 Improvements 0.00 0.00 0.00 0.00% 0.00 Land Purchases 0.00 0.00 0.00 0.00% 0.00 Housing Subsidies 0.00 0.00 138,557.18 0.00% (138,557.18) AHA Housing Subsidies 4,315,000.00 3,590,833.33 844,132.00 23.48% 2,751,701.33 Desert Rose Subsidies 200,000.00 160,666.67 0.00 0.00% 166,666.67 Decline in Value on Inventory Held For Resale Payments to Other Governmental Agencies 6,978,400.00 5,815,333.33 1,062.324.90 18.27% 4,753,008.43 7 Bond Issuance Costs 0.00 0.00 1,724,637.71 0.00% (1,724,637.71) 7 Bond Discount 0.00 0.00 1,225,398.70 0.00% (1,225,398.70) 5 Interest And Fiscal Charges 10,622,000.00 8,85i,666.67 14,926,88227 168.63% (6,075,215.60) 5 Principal Payments 2,430,000.00 2,020,000.00 5,705,000.00 281.73% (3,680,000.00) TOTAL EXPENDITURES 84,857,602.00 70,75 ,621.50 41,688,781.93 58.92% 29,068,1339.57 •TAX INCREMENT REVENUE ARE USED TO PAY DEBT SERVICE PAYMENTS. r Tax hoer nd is W id In Jan and Mayon each yaw. 2 Most interest mane,is based on Inv ab,sfl held erns recorded at maturity. 3 Reimbursements an received at arias tames during the year. 4 Other Redraw is received at vertdw WNW drug the year. 5 Pnndpn and Interest Payments we made twin a year wet the exception of tie Dutch Auction Bonds Wash pay every 35 datje.%ef MID Budgie is for nfdmsdomi purposes only.Doss not reaad annual aripnee6 e Desert Rae Expenses we onset by the Sales of Hdnss recorded under Revenue. 7 Coats associated with refunding an Wang band eae. 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CO® ` ® / } Cu, m - ■\ , P. ° @ , ; . , ; qr , CO ; ! l \/ < ` ie + CO \ tr ®� , - # 0 --- - ®--------- - - -- N. asCO m : k | ' g CO ' CO g § � Li 5# ,~ g ` ` � o o --- - ---- ----- - V. -- 2 ` / geg lS f! | !; ! i) ' ) ki | | Ifflililo|I nil • City Of Palm Desert Desert Willow Golf Course Budget Vs.Actual For the Month of April 1998 Apr-98 Apr-98 $Variance %Var YTD YTD $Variance %Var Revenue Budgeted Actual Current Current Budget Actual YID YTD Golf Course Fee $253,283 $313,842 $60,559 123.91% 52,228,714. $2,162,365 ($66,349) 97.02% Cart Fee $2,800 $2,755 ($45) 98.39% $17,599 $24,974 $7,375 141.91% Pro Shop $42,050 $37,427 ($4,623) 89.01% $295,350 $283,386 ($11,964) 95.95% Range $5,625 $2,437 ($3,188) 43.32% $43,581 $33,254 ($10,327) 76.30% Food&Beverages $22,100 $33,678 $11,578 152.39% $175,750 $192,661 $16,911 109.62% • Learning Center $25,000 $75,133 $50,133 300.53% $78,000 $206,758 $128,758 265.07% Other Revenue $200 •$2,460 $2,260 1230.00% $1,350 $14,337 $12,987 1062.00% Total $351,058 $467,732 $116,674 133.23% $2,840,344 • $2,917,735 $77,391 102.72% Expenditures Salaries and Benefits $118,542 $128,151 ($9,609) 108.11% $1,100,023 $1,076,947 $23,076 97.90% Golf Course Maintenance $79,772 $49,153 $30,619 61.62% $552,507 $582,772 ($30,265) 105.48% Cart Expenses $10,608 $12,022 ($1,414) 113.33% $96,280 $102,898 ($6,618) 106.87% Pro Shop Expenses $2,050 $9,829 ($7,779) 479.46% $73,258 $73,071 $187 99.74% Pro Golf Shop Cost of Goods Sold $20,456 $19,686 $770 96.24% $163,924 $149,555 $14,369 91.23% Range Expenses $175 $3,074 ($2,899) 1756.57% $3,425 $9,386 ($5,961) 274.04% Food&Bev.Expenses $6,135 $4,163 $1,972 67.86% $32,625 $45,044 ($12,419) 138.07% Food&Bev.Cost of Goods Sold $11,005 $12,453 ($1,448) 113.16% $74,464 $81,504 ($7,040) 109.45% General&Administration Expenses $38,240 $34,943 $3,297 91.38% $261,780 $284,982 ($23,202) 108.86% Learning Center $20,000 $65,240 ($45,240) 326.20% $60,000 $196,788 ($136,788) 327.98% Management Fee $12,500 $12,500 $0 100.00% $125,000 $125,000 $0 100.00% Depredation Expense $37,876 $28,345 $9,531 74.84% $264,389 $283,450 ($19,061) 107.21% Capital Expense $0 $40,461 ($40,461) 100.00% $0 $64,282 ($64,282) 100.00% Interest $3,004 $0 $3,004 0.00% $30,043 $0 $30,043 0.00% Total $360,363 $420,020 ($59,657) 116.55% $2,837,718 $3,075,679 ($237,961) 108.39% Net Profit(Loss) ($9,305) $47,712 $57,017 -512.73% $2,626 ($157,944) ($160,570) -6013.93% R to R 0 n ? - a a • E 89oNogad. oa2 , � E o": 2E , O '''' a T ' a g. 0° R a A c m < w a c a i , a a g n p � ca g q 7 a .a2 aq na r. � 1 a ifna 2 i '7 wi a wA 6 O E w ✓ N HH H a a H i9 ✓C to H fp a a Q. 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ID pay (y {y `O88 W O N ORg. O -N+ {i� O O N P {c O Op N .O t K O G O O y N - N O cr✓ni it • Q• N. (q N )05�0� N {q 4� �i (T� _qm OC �^ u N W *u {p {q % )fsil� j. N }�yO� C 4, O• S O O ken t O V u W 2 W 3 to P o 'D O O i cO O u in V V v a w - NN �p �p �y fp pMy. Vf y {� �q Vp�1 g T �Wp IS H ?a T�V: .1 (p V W W {p yQW N r E V tHn }1i�� (/f }t$0� }.yW, N N E 0d v P O N V� O O 2 O 0, N N W T O O O N Co to W i .Z y M s ;i1 n • (p.1� H H✓ H H M {y H a H N 'n y H a a a_ % 1 -. P O� N ONo N `NO O CO N p .-+ rN+ P 2" �• vt iP m O G I 1 O ✓ j� 2P �(yf S fryyl V �ppJ u 3VVJ iyP� (/1 ipP TA T�j. ipP, V Ul ON O N O O N aY a N N O N u tO O tO tVn Y I m 4 E p.. R a n 9 V N H H H H H H H H a Z Y r,Cn e X u H N H N in W N t0 V • N H 75. b N CO N O. t0 N O W t» W O V O N 0 C < ^ q O Z y $ t �yp T� n m to Li 'to 1J v t 'N E. R c O W W 4 4 P V E W OO tO N O VVi i 'D t O V `$ a i p1 ��pp {f�pJ {�qy yy (q N p� > o 'O TN¢n T y N )SWg pN V .VOp1 �P �P 4y )t0 N - y- -' VI bp V• V pN N ONJ N C' g 1 ta A VNi O to O tO a b N to E M u a (�. N V P * O Y V yy�� ((pJ (y �p {4, u 8 H H y (Wq (q `!N"p a �O N m N V O <O (J W N b W W b u U O W `+ r �O C t V `• tea fp (O �p N V• •gyp {p ✓ In �V V t W `I N 1.2 gyp O V fco O W O �Id O] co {Wp {8 'al (8 O t0 V1 to tO V V VI N �j3 N VWWi N )NW' N N P b W W O ii t0 0' 01 i 01 V �q {yq {p (((/p�1 C 4Vx V �p t� .1 tCn ZY la la N VN b to i Z.• In too op A• TN O 'P O ✓ P b O W W N O {tpp0� P P 2 {✓Opq 1PJ f$ {tyg0 f8 O it Vyt {p N j00 NJ VD 'VCR O X y 0 " O iP to V ✓ p it 'O W W N C e. 4 N V O P co O Y N T W T O U tL u N W P V a too m S N, 5 H H H t�oA fA H H �' `�C G ta H 1* 4 H 1 H �✓' Y v ✓ O fp O Co p N In tp N p S 8VO 'O t0 NJ 5m> co V K J .5.111 N V N W C CD N O O rP+ In O O W W W �P Ot N W u N O W Oa' V V tit,. L co rI ig g 6 ti 0 0 E mE tri I- r • a Cl C N x p C s . 7 Z °' 4 R � 1 co � A cr, 9 Y co y R d ri if q Y s n • - P. A-Desert Recreational Facilities Corpor. n Monthly Income Analysis For April 1998 Apr-98 Apr-98 Budget Actual Variance Variance Food &Beverage Revenues $22,100.00 $33,678.00 $11,578.00 152.39% Total Revenues $22,100.00 $33,678.00 $11,578.00 152.39% Salaries $ 7,250.00 $11,901.00 $(4,651.00) 164.15% Cost of Goods Sold-F&B $11,005.00 $12,453.00 $(1,448.00) 113.16% Food &Beverage Expense $ 6,135.00 $ 4,163.00 $ 1,972.00 67.86% Total Expenses $24,390.00 $28,517.00 $(4,127.00) 116.92% Net income(Loss) $(2,290.00) $ 5,161.00 Note:The above revenues and expenditures are also included In the Desert Willow ana | ) re! k E ® 3;! § ■ a l s ii. !! Si 22A ) ! q [ .- ; ! , ! „2 t ) ° \/ re ! EB }! ! .-. ! - . . co a' fl nets ! 02 @ & q * gR % ! ■ w '} . a „ LT; in ^- kkt—t,l— » ° $ \ § 7 / 2 § \ $ $ | & r - - - - , Sc, . „ 0 � § « a , aaa ; ( ■ ; r - - R - - m ` ° G ^ w ! 8 an 00, rn � e [ \ ) ) K ; ; � 2 # 4 ; 4 ; n ; it CO \ - _ ` � � » § » ( § / \ � ! / \ \ § 4- kk % 7 }! | , _ \ J ■ 7 . ® � kkj ( k ( ( ( k 7 ; \ # a § ! k [ } \ § ( k ( (! ) - , � m : JJ ; ; � iii in c ) ! = Si) §` - ; t k) 2� �� | ) .- ,) 22 $ JJf >, La i- % $ I) co £ ]22 ! J \ } City of Palm Desert ParIMew Professional Office Building Analysis of Budget to Actual for the Month of April 1998 April-911 Apri 415 a % YTD YID 9 % Budget Actual Variance Variance Budget Actual Variance Variance Revenues . Rental $ 58,892 $ 43,877 $ (15,015) 74,50% $ 588,917 $ 605,480 $ 16,563 102.81% Dividends/Interest $ - $ 2,341 $ 2,341 100.00% $ - $ 14,587 $ 14,567 100.00% Total R $ 58.692 $ 48,218 $ (12,874) 78A3% $ 558,917 $ 820,047 $ 31,130 105.29% Expenses Professional-Accounting&Auditing $ 2,000 $ 1,746 $ 254 87.30% $ 20,000 $ 26,222 $ (6,222) 131.11% Professional-Management Fee $ 5,500 $ 5,557 $ (57) 101.03% $ 37,500 $ 45,492 $ (7,992) 121.31% Professional-Other Consultants $ - $ 3,217 $ (3,217) 100.00% $ - $ 8,753 $ (8,753) 100.00% Repairs&Maintenance Building $ 6,506 $ 8,822 $ (2,316) 135.60% $ 82,558 $ 82,491 $ 67 99.92% Repairs&Maintenance-Landscaping $ 1,079 $ - $ 1,079 0.00% $ 10,790 $ - $ 10,790 0.00% Utilities-Water $ 78 $ 134 $ (57) 173.41% $ 775 $ 1,087 $ (312) 140.26% Utilities-Gas/Electric $ 4,238 $ 2,498 $ 1,739 58.96% $ 42,375 $ 39,609 $ 2,766 93.47% U0lies-Trash $ 498 $ 47 $ 449 9.39% S 4,958 $ 4,987 $ (29) 100.58% Telephone $ 229 $ 197 $ 32 85.84% S 2,292 $ 1.643 $ 649 71.68% Insurance $ 521 $ - $ 521 0.00% $ 5,208 $ - $ 5,208 0.00% Total Expenses $ 20,648 $ 22,218 $ (1,572) 107.81% $ 206,456 $ 210,264 $ (3,8228) 101.95% Operating Income $ 38,246 $ __--,-24,000 S (14246) 62.75% $ 382,481 $ 400,703 $ 27,302 107.14% Depreciation $ 8,083 $ 9,186 $ (1,103) 113.64% $ 80,833 $ 91,860 $ (11,027) 113.64% Operating Net Income S 30,163 $ 14,814 $ (11,348) 49..11% , $ 301,6228 $ 317,903 $ 16,275 105A0% Prior Year Adjustments* $ - $ - $ - 0.00% $ - $ (23,362) $ 23,362 100.00% • 'Prior period adjustments represent excess CAMs reimbursed to the tenants,and the property tax refunded to PDOC for property tax paid March 1998. • • a a N� aea- N $ a° aeaaen l. amp° -O A N C'1 N Ts nm+ N en M V $ $ 3 T t T m N N N— Q H N M ,D N uZ N N I Lii > V p 'Ac4 Y � vNi V M M n F P P O P F E a- O i° u yyq m S CL. l� N H N N p H N M * K b N o M O 4 y OVON Tm C In CA ON CO CO rc el ^ N N Y• u ^ > 0 Oe w ae ae es ae g° ae g ae ae aE as. a° �rp� 8 8 TKO N to s u a T t N ; p b 0 N Nt pNp 1;3 N �; ti�pp t g f § § 0 ei 3 T O. P L 0 ,� ae ' W W SS .3 n G G 88O O 5 e1 r ,O ° e w > > 3y• ° 40 p • y U N r N p� N N n 8 t� " d ^ n e yd V, "c�' $ INII "' yj� n f� `I' °` 4 {2 y N .M.. h ^ v2 N O, 4 N Y y. N �O N N r. N N N Viw LO � . F. aY it ri F> q$ Opp p� 1Q �`$9 0 m pp po L y Lek R `Y ^ T T ate. C "( V N N M ^ N N M Q e� N p E 1 C, N It ,O `I" ;I O Vf O N N _ O ,.-. ,.-i r r. N e+ T P T h C4 'O N N C'I Y. t O N - N N (7 17 e. CM 2• m I-, ' < 0 \O Y) M c° O N m O N N �e ° • n � g. n � � i i 8O t 4 � $ g50 ' $e449, `3 x R n N T N T ^ ^ O N N Ca N T T A Cl^- .'> - N N r) OI M ae . O F > 0, " aern : .917 x r m en . qa .. N , O i O n VN) Y) ^ O N F O O, N � eqc� O T h to N V� T N O �i O N. N O ce rt , r P O- _, C t� T l� D m t� t`'p�+ t�j 3 N. O M N N. T r a• m O L .Q ^ ,y r I-. H N N co N N `o a Li aDmN ") 6n ^ ^ 'i q• • N ItOen '° no r. •O N to T ,/ N m O R t ^ — .- E. t G r ✓ a o De ce- € i1 f IL }� 6 E E E Z. "ffi Let a E ENgqtc $ Zed`.p t I ra. go 2 n 0 7 $ " ' aOs.lo y 5 -8a o{LI.. Ue22 < City of Palm Desert Desert Willow Golf Course Analysis of Cash Reserves Requirement Three Month Projected Expenditures May-98 June-98 July-98• Projected Expenditures Payroll $ 118,192 $ 118,192 $ 114,256 $ 350,640 COGS $ 28,214 $ 22,248 $ 15,784 $ 66,246 Operating $ 215,415 $ 206,767 $ 221,902 $ 644,084, Totals $ 361,821 $ 347,207 $ 351,942 $ 1,060,970 Cash Reserve Analysis One Month Three Months Required Reserve $ 361,821.00 $ 1,060,970.00 Cash on Hand ` $ 1,006,197.04 $ 1,006,197.04 Variance-Favorable Unfavorable $ 644,376.04 $ (54,772.96 •July 1998 forecasted expenditures are based on the Budget presented by Kemper Sports Management on May 8,1998. ! k P ` - ) f [ B2 ) • , N. l ` ,. ..E' ® ,� $• \ \ \ 03 g ' 04.• \ § ( 2 ot. ' ' ) .ti r, f_ \ • f ' N / } ! C0 I ! \ ; CC | N S ` ; co ` ` ! 0 \ 2 ' E I § \ ( 2 ag ■ yi c• ' , ` , \ \ \ ! 1- I • . 4 b a '; - 2 kp. \ \ ® ! , � t ' - * ) / / ! � G � � — _ \ / ( / § ( § ) § * ° } ƒ f ; ; ! 0. J ) / \ ƒ E ƒ co ` _____ } 2 A @ @ Crs 2 ! a / \ & / 2 « % 0 ON 0 \ ri SI As § N ® co$ - . ; ® / % m « ! \ ) \ « I / \ - 0 i z ! / 9 ! A \ ) a 2 a) ) ) / 0 A z U A } ) \ 06/O1/1998 E PD Redevelopment Agency PM _ PORTFOLIO MASTER SUMMARY RDA APRIL 30, 1998 ACCRUAL AVERAGE ---YIELD TOMATURITY PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK-VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT Local Agency Investment Funds $ 14,562,151.25 8.92 1 1 5.622 5.700 Passbook/Checking $ 65,000.00 0.04 1 1 4.551 4.620 Federal Agency Issues - Coupon $ 1,499,829.94 0.92 431 93 5.851 5.932 Treasury Securities - Coupon $ 10,427,734.16 639 844 704 5.583 5.660 Treasury Securities - Discount $ 5,920,113.89 3.63 2,339 2,240 5.454 5.529 State & Local Govt Series $ 7,819,963.00 4.79 765 549 C.000 0.OCC State & Local Govt Series - Coupon $ 66,429,662.00 40.70 1.728 1,447 5.760 5.840 Fidelity Treasury Pool $ 56,482,504.00 34.61 1 5.33. 5 4.1 TOTAL INVESTMENTS and AVERAGES $ 163,206,958.24 100.004 883 743 5.303% 5.377% CASH Passbook/Checking - No Yield Totals $ 51,147.04 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase $ 206,685.34 TOTAL CASH and PURCHASE INTEREST $ 257,832.38 TOTAL CASH and INVESTMENTS $ 163,464,790.62 MONTH ENDING FISCAL TOTAL EARNINGS APRIL 30 YEAR TO DATE Current Year $ 723,798.94 $ 6,746,327.77 AVERAGE DAILY BALANCE $ 161,210,845.69 $ 149,515,750.56 EFFECTIVE RATE OF RETURN 5.46% 5.42% aida The investment portfolio of the P.D. Redevelopment Agency complies with its Paul S. Gibson Investment Policy and the California Government Code sections pertaining to the Treasurer investment of local agency funds. Pending any future actions by the Governing / .-0? p D' Board of the Agency or any unforeseen catastrophy, the Redevelopment Agency has (O ✓ / ! adequate cash flow to meet its expenditure requirements for the next six months. DATE Market values are from First Trust & IDC Datafeed pricing service. • 06/01/1998 E PD Redevelopment Agency PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED -- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT LOCAL AGENCY INVESTMENT FUNDS 21000 Local Agency Investment Fun 14,562,151.25 14,562,151.25 14,562,151.25 5.700 5.622 5.700 - AVERAGES 14,468,144.91 PASSBOOK/CHECKING 25011 UBC Housing Authority Sweep 65,006.00 65,000.00 65,000.00 4.620 4.557 4.620 1 AVERAGES 2,166.67 FEDERAL AGENCY ISSUES - COUPON 15008 R Federal Farm Credit 09/13/96 499,829.94 500,000.00 500,625.00 6.125 6.312 6.400 07/09/96 69 15020 Federal National Mortgage A 10/03/97 1,000,000.00 1,000,000.00 1,000,000.00 5.630 5.621 5.699 08/14/98 105 SUBTOTALS and AVERAGES 1,499,793.67 1,499,829.94 1,500,625.00 1,500,000.00 5.851 5.932 93 TREASURY SECURITIES - COUPON 17013 R Unites States Treasury 07/01/95 106,224.39 104,000.00 107,477.50 7.750 6.098 6.182 11/30/99 578 17083 Unites States Treasury 03/21/97 1,982,096.35 2,000,000.00 1,990,000.00 5.000 6.124 6.209 02/15/99 290 17086 Unites States Treasury 01/22/98 147,719.15 148,000.00 147,537.50 4.750 5.256 5.329 08/31/98 122 17087 Unites States Treasury 01/22/98 151,177.84 151,000.00 150,905.63 5.500 5.273 5.347 02/28/99 303 17088 Unites States Treasury 01/22/98 156,026.49 155,000.00 155,532.81 5.875 5.274 5.347 08/31/99 487 17089 Unites States Treasury 01/22/98 164,878.12 160,000.00 164,300.00 7.125 5.266 5.339 02/29/00 669 17090 Unites States Treasury 01/22/98 169,183.91 166,000.00 168,282.50 6.250 5.282 5 355 08/31/00 853 17091 Unites States Treasury 01/22/96 171,139.35 170,000.00 169,840.63 5.625 5.289 5.363 02/28/01 1,034 17092 Unites States Treasury 01/22/98 181,773.25 176,000.00 180,400.00 6.500 5.329 5.403 08/31/01 1,218 17093 Unites States Treasury 01/22/98 186,018.32 181,000,00 184,506.88 6.250 5.357 5.431 02/28/02 1.399 17095 Unites States Treasury 01/22/98 435,784.57 422,700.00 431,814.47 6.250 5.357 5 432 08/31/02 1,583 17096 Unites States Treasury 01/22/98 417,742.86 405,200.00 413,937.13 6.250 5.357 5 432 08/31/02 ...... 17097 Unites States Treasury 01/22/98 9,381.68 9,100.00 9,296.22 6.250 5.357 5 432 08--1(.3; 17098 Unites States Treasury 03/10/98 1,383,947.12 1,368,000.00 1,383,390.00 6.125 5.523 5 599 99/,2/' ° - 17099 Unites States Treasury 03/10/98 1,580,763.28 1,547,000.00 1,580,357.19 6.375 5.582 5.659 09/30/01 1,242 17100 Unites States Treasury 03/10/98 1,506,602.18 1,511,000.00 1,505,805.94 4.750 5.390 5.465 09/30/98 152 17101 Unites States Treasury 03/10/98 1,677,275.30 1,673,000.00 1,676,136.88 5.750 5.480 5.556 09/30/99 517 SUBTOTALS and AVERAGES 10,427,788.89 10,427,734.16 10,419,521.28 10,347,000.00 5.583 5.660 704 TREASURY SECURITIES - DISCOUNT 18023 Unites States Treasury 01/22/98 150,794.82 198,000.00 150,603.75 4.704 5.374 5.449 02/15/03 1,751 18025 Unites States Treasury 01/22/98 130,167.96 181,000.00 129,810.94 4.628 5.434 5.509 02/15/04 2,116 18027 Unites States Treasury 01/22/98 4,989,671.22 7,143,000.00 4,980,010.31 4.590 5.464 5.540 08/15/04 2,298 18028 Unites States Treasury 01/22/98 394,279.47 532,400.00 393,144.13 4.662 5.395 5.470 08/15/03 1.732 18029 Unites States Treasury 01/22/98 255,200.42 344,600.00 254,465.56 4.662 5.395 5.470 08/15/01 1.9f4 SUBTOTALS and AVERAGES 5,920,113.89 5,920,113.89 5,908,034.69 8,399,000.00 5.454 5.529 2,240 06/01/1998 E PO Redevelopment Agency PM - INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT STATE & LOCAT GOVT SERIES 19008 State & Local Govt Ser Secu 07/24/97 239,715.00 239,715.00 239,715.00 0.000 0.000 0.000 10/01/98 153 19009 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/25/99 328 19010 State & Local Govt Ser Secu 07/24/97 1,581,417.00 1,581,417.00 1,581,417.00 0.000 0.000 0.000 04/01/99 335 19011 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/16/99 503 19012 State & Local Govt Ser Secu 07/24/97 177,191.00 177,191.00 • 177,191.00 0.000 0.000 0.000 10/01/99 518 19013 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/09/0C 678 19014 State & Local Govt Ser Secu 07/24/97 1,622,191.00 1,622,191.00 1,622,191.00 0.000 0.000 0.000 04/01/00 701 19015 State & Local Govt Ser Secu 07/24/97 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/12/0C .. 19016 State & Local Govt Ser Secu 07/24/97 158,275.00 158,275.00 158,275.00 0.000 0.000 0.000 1C/05/C?: 88E 19017 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/29/01 1,063 19018 State & Local Govt Ser Secu 07/24/97 1,664,977.00 1,664,977.00 1,664,977.00 0.000 0.000 0.000 04/01/0: 1,066 19019 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/20/01 1,238 19020 State & Local Govt Ser Secu 07/24/97 88,827.00 88,827.00 88,827.00 0.000 0.000 0.000 10/01/01 1,249 19021 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/14/02 1,413 19028 State & Local Govt Ser Secu 04/27/98 383,097.00 383,097.00 383,097.00 0.000 0.000 0.000 05/14/98 13 19029 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 06/18/98 48 19030 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 07/23/98 83 19031 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 08/27/98 118 19032 State & Local Govt Ser Secu 04/27/98 349,157.00 349,157.00 349,157.00 0.000 0.000 0.000 10/01/98 153 SUBTOTALS and AVERAGES 6,301,382.90 7,819,963.00 7,819,963.00 7,819,963.00 0.000 0.000 549 STATE & LOCAL GOVT SERIES - COUPON 19500 State & Local Govt Ser Secu 07/24/97 5,686,827.00 5,686,827.00 5,686,827.00 3.165 3.122 3.165 04/01/02 1,431 19501 State & Local Govt Ser Secu 07/24/97 60,742,835.00 60,742,835.00 60,742,835.00 6.090 6.007 6.090 04/18/02 1,448 SUBTOTALS and AVERAGES 66,429,662.00 66,429,662.00 66,429,662.00 66,429,662.00 5.760 5.840 1,447 FIDELITY TREASURY POOL 11002 I Fidelity Institutional Cash 25,027,014.00 25,027,014.00 25,027,014.00 5.410 5.336 5.410 1 11003 R Fidelity Institutional Cash 1,955,525.00 1,955,525.00 1,955,525.00 5.410 5.336 5.410 1 11004 E Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 11005 I Fidelity Institutional Cash 4,163,419.00 4,163,419.00 4,163,419.00 5.410 5.336 5.410 1 11006 R Fidelity Institutional Cash 240,922.00 240,922.00 240,922.00 5.410 5.336 5.410 1 11008 R Fidelity Institutional Cash 1,666,573.00 1,666,573.00 1,666,573.00 5.410 5.336 5.410 1 11009 I Fidelity Institutional Cash 1,815,030.00 1,815,030.00 1,815,030.00 5.410 5.336 5.410 1 11010 I Fidelity Institutional Cash 8,749,847.00 8,749,847.00 8,749,847.00 5.410 5.336 5.410 1 11011 R Fidelity Institutional Cash 2,684,184.00 2,684,184.00 2,684,184.00 5.410 5.336 5.410 1 11012 E Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1 11018 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 11019 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 06/01/1998 E PD Redevelopment Agency PM - 4 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 11020 Fidelity Institutional Cash 0.00 0.00 0.00 5.160 5.089 5 16( 11021 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5 287 i. 11022 Fidelity Institutional Cash 479.00 479.00 479.00 5.410 5 336 5.411 11023 Fidelity Institutional Cash 1.00 1.00 1.00 5.440 5.365 5.440 1 11025 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 11026 Fidelity Institutional Cash 0.00 0.00 0.00 5.440 5.365 5.440 1 11027 E Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 1102E Fidelity Institutional Cash 118.00 118.00 118.00 5.410 5.336 5.410 1 11029 Fidelity Institutional Cash 724.00 724.00 724.00 5.410 5.336 5.410 - 1 11030 R Fidelity Institutional cash 673,002.00 673,002.00 673,002.00 5.410 5.336 5.410 1 11031 Fidelity Institutional Cash 8.00 8.00 8.00 5.360 5.287 5.360 1 11032 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1 11037 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 11038 Fidelity Institutional Cash 110.00 110.00 110.00 5.410 5.336 5.410 1 11039 R Fidelity Institutional Cash 38,021.00 38,021.00 38,021.00 5.410 5.336 5.410 1 11040 Fidelity Institutional Cash 99.00 99.00 99.00 5.410 5.336 5.410 1 11041 I Fidelity Institutional Cash 102,265.00 102,265.00 102,265.00 5.410 5.336 5.410 1 11042 Fidelity Institutional Cash 12.00 12.00 12.00 5.260 5.188 5.260 1 11044 Fidelity Institutional Cash 35,276.00 35,276.00 35,276.00 5.410 5.336 5.410 1 11046 Fidelity Institutional Cash 16.00 16.00 16.00 5.410 5.336 5.410 1 11047 Fidelity Institutional Cash 1,092,665.00 1,092,665.00 1,092,665.00 5.410 5.336 5.410 1 11048 Fidelity Institutional Cash 0.00 0.00 0.00 5.220 5.148 5.220 1 11049 Fidelity Institutional Cash - 64.00 64.00 64.00 5.410 5.336 5.410 1 11050 Fidelity Institutional Cash 2,602.00 2,602.00 2,602.00 5.410 5.336 5.410 1 11051 Fidelity Institutional Cash 0.00 0.00 0.00 5.220 5.148 5.220 1 11052 Fidelity Institutional Cash 16,970.00 16,970.00 16,970.00 5.410 5.336 5 410 1 11053 Fidelity Institutional Cash 1,583,417.00 1,583,417.00 1,583,417.00 5.410 5.336 5.410 11054 Fidelity Institutional Cash 53,917.00 53,917.00 53,917.00 5.410 5.336 5.410 11055 Fidelity Institutional Cash 16,019.00 16,019.00 16,019.00 5.410 5.336 5.410 11056 Fidelity Institutional Cash 1,084.00 1,084.00 1,084.00 5.410 5.336 5.410 1 11057 Fidelity Institutional Cash 18,777.00 18,777.00 18,777.00 5.410 5.336 5.410 1 11058 Fidelity Institutional Cash 137,929.00 137,929.00 137,929.00 5.410 5.336 5.410 1 11061 Fidelity Institutional Cash 90,311.00 90,311.00 90,311.00 5.420 5.346 5.420 1 11062 Fidelity Institutional Cash 4,314,938.00 4,314,938.00 4,314,938.00 5.420 5.346 5.420 1 11063 Fidelity Institutional Cash 175,355.00 175,355.00 175,355.00 5.420 5.346 5.420 1 11064 Fidelity Institutional Cash 13,934.00 13,934.00 13,934.00 5.420 5.346 5.420 1 11066 Fidelity Institutional Cash 1,809,675.00 1,809,675.00 1,809,675.00 5.410 5.336 5.410 1 11068 Fidelity Institutional Cash 2,202.00 2,202.00 2,202.00 5.470 5.395 5.470 1 11069 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 56,111,997.03 56,482,504.00 56,482,504.00 56,482,504.00 5.337 5.411 1 TOTAL INVESTMENTS and AVG. $ 163,206,958.24 163,107,461.22 161,161,049.97 165,605,280.25 5.303% 5.377% 743 06/01/1998 E PD Redevelopment Agency PM 5 INVESTMENT PORTFOLIO DETAILS - CASH RCA APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM MATURITY ,: NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING 25002 B of A - Self Help Checking 49,724.34 0.000 0.000 0.000 25009 UBC Housing Authority Checking 1,251.16 0.000 0.000 0.000 25010 UBC Housing Authority Trust 141.00 0.000 0.000 0.000 SUBTOTALS and AVERAGES 49,795.73 51,147.04 0.000 0.000 Accrued Interest at Purchase 206,685.34 TOTAL CASH $ 257,832.38 TOTAL CASH and INVESTMENTS $ 161,210,845.69 163,464,790.62 06/01/1998 E PD Redevelopment Agency PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 21000 Local Agency Investment Fund 5.700 201,442.16 14,562. 15- .2` PASSBOOK/CHECKING (Monthly Summary) 25002 B of A - Self Help Checking 0.000 25009 UBC Housing Authority Checking 0.000 1,251.16 25011 UBC Housing Authority Sweep 4.620 65,000.00 25010 UBC Housing Authority Trust 0.000 141.00 SUBTOTALS and ENDING BALANCE 66,392.16 0.00 65,000.00 CASH WITH TRUSTEE -FIRST TRUST (Monthly Summary) 26000 Cash with Trustee 0.000 0.34 26001 Cash with Trustee 0.000 26002 Cash with Trustee 0.000 0.67 26003 Cash with Trustee 0.000 1.76 26004 Cash with Trustee 0.000 0.02 26005 Cash with Trustee 0.000 0.22 _ 26006 Cash with Trustee 0.000 26007 Cash with Trustee 0.000 2.28 26008 Cash with Trustee 0.000 1.49 26009 Cash with Trustee 0.000 0.43 26011 Cash with Trustee 0.000 2.95 26013 Cash with Trustee 0.000 0.59 26014 Cash with Trustee 0.000 1.44 26015 Cash with Trustee 0.000 SUBTOTALS and ENDING BALANCE 8.97 3.22 0.00 FEDERAL AGENCY ISSUES - COUPON 1,499,829.94 • TREASURY SECURITIES - COUPON 10,427,734.16 TREASURY SECURITIES - DISCOUNT 5,920,113.89 06/01/1998 E PD Redevelopment Agency PM - 7 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE STATE & LOCAL GOVT SERIES 19006 State & Local Govt Ser Securit 0.000 04/01/1998 1,542,871.00 19007 State & Local Govt Ser Securit 0.000 04/08/1998 361,813.00 19028 State & Local Govt Ser Securit 0.000 04/27/1998 ' 383,097.00 19029 State & Local Govt Ser Securit 0.000 04/27/1998 372,455.00 19030 State & Local Govt Ser Securit 0.000 04/27/1998 372,455.00 19031 State & Local Govt Ser Securit 0.000 04/27/1998 372,455.00 19032 State & Local Govt Ser Securit 0.000 04/27/1998 349,157.00 SUBTOTALS and ENDING BALANCE 1,849,619.00 1,904,684.00 7,819,963.00 STATE & LOCAL GOVT SERIES - COUPON 66,429,662.00 FIDELITY TREASURY POOL (Monthly Summary) 11002 I Fidelity Institutional Cash 5.410 15,894,950.00 11003 R Fidelity Institutional Cash 5.410 1,188,383.00 11004 E Fidelity Institutional Cash 5,410 51,773.00 17,041,179.00 11005 I Fidelity Institutional Cash 5.410 2,563,150.00 11006 R Fidelity Institutional Cash 5.410 215,319.00 11008 R Fidelity Institutional Cash 5.410 7,066.00 11009 I Fidelity Institutional Cash 5.410 - 7,696.00 11010 I Fidelity Institutional Cash 5.410 37,396.00 11011 R Fidelity Institutional Cash 5.410 7,257.00 12,990.00 11012 E Fidelity Institutional Cash 5.210 11018 Fidelity Institutional Cash 5.410 105,594.00 690,049.00 11019 Fidelity Institutional Cash 5.360 11020 Fidelity Institutional Cash 5.160 11021 Fidelity Institutional Cash 5.360 11022 Fidelity Institutional Cash 5.410 2.00 11023 Fidelity Institutional Cash 5.440 11025 Fidelity Institutional Cash 5.360 11026 Fidelity Institutional Cash 5.440 11027 E Fidelity Institutional Cash 5,410 11,752.00 2,771,545.00 11028 Fidelity Institutional Cash 5.410 1.00 11029 Fidelity Institutional Cash 5.410 867,664.00 11030 R Fidelity Institutional Cash 5.410 2,853.00 11031 Fidelity Institutional Cash 5.360 11032 Fidelity Institutional Cash 5.150 11037 Fidelity Institutional Cash 5.410 194.00 194.00 11038 Fidelity Institutional Cash 5.410 06/01/1998 E PD Redevelopment Agency PM - 5 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE 11039 R Fidelity Institutional Cash 5.410 178.00 11040 Fidelity Institutional Cash 5.410 40.00 11041 I Fidelity Institutional Cash 5.410 433.00 11042 Fidelity Institutional Cash 5.260 11044 Fidelity Institutional Cash 5.410 150.00 11046 Fidelity Institutional Cash 5.410 1.00 11047 Fidelity Institutional Cash 5.410 4,665.00 11048 Fidelity Institutional Cash 5.220 11049 Fidelity Institutional Cash 5.410 11050 Fidelity Institutional Cash 5.410 11.00 11051 Fidelity Institutional Cash 5.220 11052 Fidelity Institutional Cash 5.410 72.00 11053 Fidelity Institutional Cash 5.410 740,625.00 11054 Fidelity Institutional Cash 5.410 250.00 11055 Fidelity Institutional Cash 5.410 50.00 11056 Fidelity Institutional Cash 5.410 2,813,599.00 11057 Fidelity Institutional Cash 5.410 82.00 11058 Fidelity Institutional Cash 5.410 6,260.00 11061 Fidelity Institutional Cash 5.420 311.00 11062 Fidelity Institutional Cash 5.420 12,786.00 11063 Fidelity Institutional Cash 5.420 11064 Fidelity institutional Cash 5.420 41.00 11066 Fidelity Institutional Cash 5.410 5,870.00 11068 Fidelity Institutional Cash 5.470 2,202.00 11069 Fidelity Institutional Cash 5.410 1,632,964.00 1,632,964.00 SUBTOTALS and ENDING BALANCE 22,500,377.00 25,830,184.00 56,402,504 00 TOTALS 24,617,839.29 27,734,871.22 163,206,958.24 06/01/1998 PE E PD Redevelopment Agency POA INVESTMENT ACTIVITY SUMMARY n_,' n. APRIL 1997 through APRIL 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 _ POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY April 97 97 80,575,386.74 5.582 5.660 5.220 2 2 368 213 May 97 95 78,585,626.60 5.616 5.694 5.309 - 0 4 361 198 June 97 87 85,625,456.78 5.494 5.570 5.360 3 13 199 101 July 97 95 154,112,637.63 5.259 5.332 5.630 24 4 880 820 August 97 95 153,763,674.63 5.274 5.348 5.679 0 0 882 800 September 97 91 149,291,970.28 5.299 5.372 5.707 1 5 900 809 October 97 95 152,975,170.39 5.288 5.362 5.680 4 4 878 771 November 97 90 150,773,070.79 5.291 5.364 5.680 0 5 876 760 December 97 97 153,392,308.92 5.308 5.381 5.680 0 4 839 727 January 98 110 155,513,471.70 5.323 5.397 5.744 17 4 920 805 February 98 109 155,575,324.75 5.317 5.391 5.744 0 2 919 788 March 98 109 166,326,263.03 5.309 5.382 5.744 4 5 860 744 April 98 115 163,206,958.24 5.303 5.377 5.700 5 2 883 743 AVERAGES 99 $ 135,439,793.88 5.360% 5.433E 5.606% 5 4 752 637 06/01/1998 PM - 10 E PD Redevelopment Agency RDA DISTRIBUTION OF INVESTMENTS BY TYPE ACCRUAL APRIL 1997 through APRIL 1998 MONTH TYPES OF INVESTMENTS END YEAR BCD SCD MD1 LAS PA1 PA2 PA3 MTN BAC COM FAC FAD TRC TRD MCI MC2 LA1 April 97 0.1 13.0 23.2 3.7 35.7 24.3 May 97 0.1 17.2 23.8 3.8 29.2 25.9 June 97 0.5 0.1 15.0 15.3 22.5 46.6 July 97 0.3 8.4 7.2 11.9 6.2 43.1 22.9 August 97 0.3 8.4 7.2 11.9 6.2 43.2 22.7 September 97 8.7 7.4 3.3 8.2 6.2 44.5 21.3 October 97 8.6 7.9 3.2 7.4 6.1 43.4 23.4 November 97 8.7 6.7 3.2 6.7 6.0 44.1 24.6 December 97 9.2 4.2 3.2 3.3 5.6 43.3 31.1 January 98 9.2 1.6 3.1 4.1 3.8 5.3 42.7 30.1 February 98 9.2 . 1.6 3.1 4.0 3.8 5.3 42.7 30.2 March 98 8.6 0.9 6.3 3.6 4.7 39.9 36.0 April 98 8.9 0.0 0.9 6.4 3.6 4.8 40.7 34.6 AVERAGES 0.1% 0.0% 10.3% 0.0% 8.3% 2.0% 12.1% 1.1% 4.3% 32.9% 24 8% BCD - Certificates of Deposit - Bank SCD - Certificates of Deposit - S & L MD1 - Treasury Securities - T-Bill LA5 - Local Agency Investment Funds PA1 - Passbook/Checking - PA2 - Cash with Trustee -First Trust PA3 - Checking/Self Help Housing Loans MTN - Medium Term Notes BAC - Bankers Acceptances COM - Commercial Paper - Discount FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MC1 - State & Local Govt Series MC2 - State & Local Govt Series - Coupon LA1 - Fidelity Treasury Pool 00/01/1958 PM - 11 E PD Redevelopment Agency RDA INTEREST EARNINGS SUMMARY ACCRUAL APRIL 30, 1998 MONTH ENDING FISCAL APRIL 30, 1998 YEAR TO DATE CD/Coupon/Discount Investments: Interest Collected $ 1,939,613.37 $ 4,269,528.00 PLUS Accrued Interest at End of Period 369,229.16 369,229.16 LESS Accrued Interest at Beginning of Period ( 1,902,582.37) ( 448,108.60) Interest Earned during Period $ 406,260.16 4,190,648.56 ADJUSTED by Premiums and Discounts -38.20 20,505.73 ADJUSTED by Capital Gains or Losses 0.00 0.00 Earnings during Period 406,221.96 $ 4,211,154.29 Mortgage Backed Securities: • Interest Collected $ 0.00 $ 0.00 PLUS Accrued Interest at End of Period 0.00 0.00 LESS Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Interest Earned during Period $ 0.00 0.00 ADJUSTED by Premiums and Discounts 0.00 0.00 ADJUSTED by Capital Gains or Losses 0.00 0 00 Earnings during Period 0.00 $ 0.00 Cash/Checking Accounts: Interest Collected $ 426,602.75 $ 2,493,440.69 PLUS Accrued Interest at End of Period -5,263.22 -5,263.22 LESS Accrued Interest at Beginning of Period ( 103,762.55) ( -46,996.01) Interest Earned during Period $ 317,576.98 $ 2,535,173.48 TOTAL Interest Earned during Period $ 723,637.14 $ 6,725,822.04 TOTAL Ajustments from Premiums and Discounts $ -38.20 $ 20,505.73 TOTAL Capital Gains or Losses $ 0.00 $ 0.00 TOTAL Earnings during Period $ 723,798.94 $ 6,746,327.77 06/01/1998 RDA $100 Million Bond PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 • ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL • 11010 I Fidelity Institutional Cash 8,749,847.00 8,749,847.00 8,749,847.00 5.410 5.336 5.410 11011 R Fidelity Institutional Cash 2,684,184.00 2,684,184.00 2,684,184.00 5.410 5.336 5.410 11012 E Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 11018 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 11037 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.4: SUBTOTALS and AVERAGES 11,434,031.00 11,434,031.00 11,434,031.00 5.336 TOTAL INVESTMENTS and AVG. $ 11,434,031.00 11,434,031.00 11,434,031.00 5.336% 5.410% 1 06/01/1998 RDA $100 Million Bond PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED YTM MAT'1R:TY NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 366 DATE 1 mA7 CASH WITH TRUSTEE -FIRST TRUST 26000 Cash with Trustee 1.13 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 11,434,032.13 06/01/1998 RDA $17.5 Million Bond PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 11008 R Fidelity Institutional Cash 1,666,573.00 1,666,513.00 1,666,5/3.00 5.410 5.336 5.410 11009 I Fidelity Institutional Cash 1,815,030.00 1,815,030.00 1,815,030.00 5.410 5.336 5.410 1 11021 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 11022 Fidelity Institutional Cash 479.00 479.00 479.00 5.410 5.336 5.410 . 11023 Fidelity Institutional Cash 1.00 1.00' 1.00 5.440 5.365 5.440 1 SUBTOTALS and AVERAGES 3,482,083.00 3,482,083.00 3,482,083.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 3,482,083.00 3,482,083.00 1 3,482,083.00 5.336% 5.410% 06/01/1998 RDA $17.5 Million Bond PM - 3 INVESTMENT PORTFOLIO ➢ETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26005 Cash with Trustee 1.70 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 3,482,084.70 06/01/1998 RDA $24 Million Bond PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 11002 I Fidelity Institutional Cash 25,027,014.00 25,027,014.00 25,027,014.00 5.410 5.336 5.41C 11003 R Fidelity Institutional Cash 1,955,525.00 1,955,525.00 1,955,525.00 5.410 5.336 5.410 11004 E Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 _ 11019 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 11020 Fidelity Institutional Cash 0.00 0.00 0.00 5.160 5.089 5.160 1 11029 Fidelity Institutional Cash 724.00 724.00 724.00 5.410 5.336 5.410 . SUBTOTALS and AVERAGES 26,983,263.00 26,983,263.00 26,983,263.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 26,983,263.00 26,983,263.00 26,983,263.00 5.336$ 5.410% 1 06/01/1998 RDA $24 Million Bond PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST . 26002 Cash with Trustee 1.70 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 26,983,264.70 06/01/1998 RDA $4 Million Bond PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRIA_. INVESTMENT PURCHASE STATED --- YTM --, MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT TREASURY SECURITIES - COUPON 17013 R Unites States Treasury 07/01/95 106,224.39 104,000.00 107,477.50 7.750 6.098 6.182 11/30/99 578 FIDELITY TREASURY POOL 11005 I Fidelity Institutional Cash 4,163,419.00 4,163,419.00 . 4,163,419.00 5.410 5.336 5.410 1 11006 R Fidelity Institutional Cash 240,922.00 240,922.00 240,922.00 5.410 5.336 5.410 1 11025 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 . 11026 Fidelity Institutional Cash 0.00 0.00 0.00 5.440 5.365 5.440 11027 E Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 11028 Fidelity Institutional Cash 118.00 118.00 118.00 5.410 5.336 5.410 ' 1 SUBTOTALS and AVERAGES 4,404,459.00 4,404,459.00 4,404,459.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 4,510,683.39 4,511,936.50 4,508,459.00 5.354% 5.428% 15 06/01/1998 RDA $4 Million Bond PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26003 Cash with Trustee 1.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 4,510,684.39 06/01/1998 Low Mod Set-aside Refunding PM - INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED - YTM NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE FIDELITY TREASURY POOL 11030 R Fidelity Institutional Cash 673,002.00 673,002.00 673,002.00 5.410 5.336 5.410 1 11031 Fidelity Institutional Cash 8.00 8.00 8.00 5.360 5.287 5.360 1 11032 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 11040 Fidelity Institutional Cash 99.00 99.00 99.00 5.410 5.336 5.410 - SUBTOTALS and AVERAGES 673,109.00 673,109.00 673,109.00 5.336 5.410 . TOTAL INVESTMENTS and AVG. $ 673,109.00 673,109.00 673,109.00 5.3364 5.410% 1 06/01/1998 Low Mod Set-aside Refunding PM INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST • 26004 Cash with Trustee 1.67 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 673,110.67 06/01/1998 Proj Area 1-1997 refunding PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TC MAT STATE & LOCAL GOVT SERIES 19008 State & Local Govt Ser Sect 07/24/97 239,715.00 239,715.00 239,715.00 0.000 0.000 0.000 10/01/98 153 19009 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/25/99 328 19010 State & Local Govt Ser Secu 07/24/97 1,581,417.00 1,581,417.00 1,581,417.00 0.000 0.000 0.000 04/01/99 335 • 19011 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/16/99 503 19012 State & Local Govt Ser Secu 07/24/97 177,191.00 177,191.00 177,191.00 0.000 0.000 0.000 10/01/99 518 19013 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/09/00 678 19014 State & Local Govt Ser Secu 07/24/97 1,622,191.00 1,622,191.00 1,622,191.00 0.000 0.000 0.000 04/01/00 701 19015 State & Local Govt Ser Secu 07/24/97 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/12/07 712 19016 State & Local Govt Ser Secu 07/24/97 158,275.00 158,275.00 158,275.00 0.000 0.000 0.000 10/051S2 838 19017 State & Local Govt Ser Secu 02/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0-00C 03/29/21 19018 State & Local Govt Ser Secu 07/24/97 1,664,977.00 1,664,977.00 1,664,977.00 0.000 0.000 0.007 04/21 ;_ _, _o. 19019 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/20/01 1,23B 19020 State & Local Govt Ser Secu 07/24/97 68,627.00 68,827.00 88,827.00 0.000 0.000 0.000 10/01/01 1,249 19021 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/14/02 1,413 19028 State & Local Govt Ser Secu 04/27/98 383,097.00 383,097.00 383,097.00 0.000 0.000 0.000 05/14/98 13 19029 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 06/18/98 48 19030 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 07/23/98 83 19031 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 08/27/98 118 19032 State & Local Govt Ser Secu 04/27/98 349,157.00 349,157.00 349,157.00 0.000 0.000 0.000 10/01/98 153 SUBTOTALS and AVERAGES 7,619,953.00 7,819,963.00 7,619,963.00 0.000 0.000 549 STATE & LOCAL GOVT SERIES - COUPON 19500 State & Local Govt Ser Secu 07/24/97 5,686,827.00 5,686,627.00 5,686,827.00 3.165 3.122 3.165 04/01/02 1,431 19501 State & Local Govt Ser Secu 07/24/97 60,742,835.00 60,742,835.00 60,742,835.00 6.090 6.007 6.090 04/18/02 1,448 SUBTOTALS and AVERAGES 66,429,662.00 66,429,662.00 66,429,662.00 5.760 5.840 1,447 FIDELITY TREASURY POOL 11056 Fidelity Institutional Cash 1,084.00 1,084.00 1,084.00 5.410 5.336 5.410 1 11057 Fidelity Institutional Cash 18,277.00 18,777.00 18,777.00 5.410 5.336 5.410 1 11068 Fidelity Institutional Cash 2,202.00 2,202.00 2,202.00 5.470 5.395 5.470 1 11069 Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 22,063.00 22,063.00 22,063.00 5.342 5.416 1 TOTAL INVESTMENTS and AVG. $ 74,271,688.00 74,271,688.00 74,271,688.00 5.153% 5.225% 1,352 06/01/1998 Proj Area 1-1997 refunding PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED YTM MATUR:TY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26011 Cash with Trustee 4.00 0.000 0.000 ... -.. TOTAL CASH and INVESTMENTS $ 74,271,692.00 06/01/1998 1996 Desert Rose Series A PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 11046 Fidelity Institutional Cash 16.00 16.00 16.00 5.410 5.336 5.410 1 11047 Fidelity Institutional Cash 1,092,665.00 1,092,665.00 1,092,665.00 5.410 5.336 5.410 1 11048 Fidelity Institutional Cash 0.00 0.00 0.00 5.220 5.148 5.220 1 11053 Fidelity Institutional Cash 1,583,417.00 1,583,417.00 1,583,417.00 5.410 5.336 5.410 1 11054 Fidelity Institutional Cash 53,917.00 53,917.00 53,917.00 5.410 5.336 5.410 SUBTOTALS and AVERAGES 2,730,015.00 2,730,015.00 2,730,015.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 2,730,015.00 2,730,015.00 2,730,015.00 5.336% 5.4101 1 • 06/01/1998 1996 Desert Rose Series A PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26008 Cash with Trustee 6.39 0.000 C.000 , . .. TOTAL CASH and INVESTMENTS $ 2,730,021.39 06/01/1998 1996 Desert Rose Series B PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 11049 Fidelity Institutional Cash 64.00 64.00 64.00 5.410 5.336 5.41C 11050 Fidelity Institutional Cash 2,602.00 2,602.00 2,602.00 5.410 5.336 5.410 1 11051 Fidelity Institutional Cash 0.00 0.00 0.00 5.220 5.148 5.220 1 11052 Fidelity Institutional Cash 16,970.00 16,970.00 16,970.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 19,636.00 19,636.00 19,636.00 5.336 5.410 TOTAL INVESTMENTS and AVG. $ 19,636.00 19,636.00 19,636.00 5.336% 5.410% 06/01/1998 1996 Desert Rose Series B PM - I INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26009 Cash with Trustee 1.64 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS 5 19,637.64 06/01/1998 Blythe County Court Admin Ctr PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUA:. INVESTMENT PURCHASE STATED --- YTM -- MATUR:T.' DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE 131 M... FEDERAL AGENCY ISSUES - COUPON 15008 R Federal Farm Credit 09/13/96 499,829.94 500,000.00 500,625.00 6.125 6.312 8.400 07/09/98 69 FIDELITY TREASURY POOL 11038 Fidelity Institutional Cash 110.00 110.00 110.00 5.410 5.336 5.410 1 11039 R Fidelity Institutional Cash 38,021.00 38,021.00 38,021.00 5.410 5.336 5.410 1 11041 I Fidelity Institutional Cash 102,265.00 102,265.00 102,265.00 5.410 5.336 5.410 1 11042 Fidelity Institutional Cash 12.00 12.00 12.00 5.260 5.188 5.260 1 11044 Fidelity Institutional Cash 35,276.00 35,276.00 35,276.00 5.410 5.336 5.410 1 11055 Fidelity Institutional Cash 16,019.00 16,019.00 16,019.00 5.410 5.336 5.410 - 1 SUBTOTALS and AVERAGES 191,703.00 191,703.00 191,703.00 5.336 5.410 . TOTAL INVESTMENTS and AVG. $ 691,532.94 692,328.00 691,703.00 6.0418 6.125% 50 06/01/1998 Blythe County Court Adman Ctr PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH • RDA APRIL 30, 1998 • ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26007 Cash with Trustee 3.84 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 691,536.78 06/01/1998 RDA Desert Rose Bond Issue PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED - YTM MATURITY DAYU NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 36: .. TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0.000% C 06/01/1998 RDA Desert Rose Bond Issue PM INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26001 Cash with Trustee 3.88 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 3.88 • 06/01/1998 Housing Set-aside Series 1998 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING 25011 UBC Housing Authority Sweep 65,000.00 65,000.00 65,000.00 4.620 4.557 4.620 1 TREASURY SECURITIES - COUPON 17086 Unites States Treasury 01/22/98 147,719.15 148,000.00 147,537.50 4.750 5.256 5.329 08/31/98 122 17087 Unites States Treasury 01/22/98 151,177.84 151,000.00. 150,905.63 5.500 5-273 5.347 02/28/99 303 17088 Unites States Treasury 01/22/98 156,026.49 155,000.00 155,532.81 5.875 5.274 5.347 09/31/99 487 17089 Unites States Treasury 01/22/98 164,878.12 160,000.00 164,300.00 7.125 5.266 5.339 02/29/00 669 17090 Unites States Treasury 01/22/98 169,183.91 166,000.00 168,282.50 6.250 5.282 5.355 08/31/00 853 17091 Unites States Treasury 01/22/98 171,139.35 170,000.00 169,840.63 5.625 5.289 5.363 02/28/01 1.034 17092 Unites States Treasury 01/22/98 181,773.25 176,000.00 180,400.00 6.500 5.329 5 403 08/31/01 1,218 17093 Unites States Treasury 01/22/98 186,018-32 181,000.00 184,506.88 6.250 5.357 5 431 02/28/': 17095 Unites States Treasury 01/22/98 435,784.57 422,700.00 431,814.47 6.250 5.357 c.412 09..I ' . - . 17096 Unites States Treasury 01/22/98 417,742.86 405,200.00 413,937.13 6.250 5.359 ,.432 :09' 1 : 17097 Unites States Treasury 01/22/98 9,381.68 9,100.00 9,296.22 6.250 5.357 5.432 08/31/02 1.583 SUBTOTALS and AVERAGES 2,190,825.54 2,176,353.77 2,144,000.00 5.318 5.392 1,104 TREASURY SECURITIES - DISCOUNT 18023 Unites States Treasury 01/22/98 150,794.82 198,000.00 150,603.75 4.704 5.374 5.449 02/15/03 1,751 18025 Unites States Treasury 01/22/98 130,167.96 181,000.00 129,810.94 4.628 5.434 5.509 02/15/04 2,116 18027 Unites States Treasury 01/22/98 4,989,671.22 7,143,000.00 4,980,010.31 4.590 5.464 5.540 08/15/04 2,298 18028 Unites States Treasury 01/22/98 394,279.47 532,400.00 393,144.13 4.662 5.395 5.470 08/15/03 1,932 18029 Unites States Treasury 01/22/98 255,200.42 344,600.00 254,465.56 4.662 5.395 5.470 08/15/03 1,932 SUBTOTALS and AVERAGES 5,920,113.89 5,908,034.69 8,399,000.00 5.454 5.529 2,240 FIDELITY TREASURY POOL 11058 Fidelity Institutional Cash 137,929.00 137,929.00 137,929.00 5.410 5.336 5.410 1 11066 Fidelity Institutional Cash 1,809,675.00 1,809,675.00 1,809,675.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 1,947,604.00 1,947,604.00 1,947,604.00 5.336 5.410 - 1 TOTAL INVESTMENTS and AVG. $ 10,123,543.43 10,096,992.46 12,555,604.00 5.396% 5.471% 1,549 _T_ ..- -. • • r 06/01/1998 Housing Set-aside Series 1998 Pnt INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TC MAT PASSBOOK/CHECKING 25009 UBC Housing Authority Checking 1,251.16 0.000 0.000 0.000 25010 UBC Housing Authority Trust 141.00 0.000 0.000 0.00C SUBTOTALS and AVERAGES 1,394.01 0.000 0.000 Accrued Interest at Purchase 51,709.02 TOTAL CASH $ 53,103.03 TOTAL CASH and INVESTMENTS $ 10,176,646.46 r 06/01/1998 Project Area 4 Tax Alloc. 1998 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT TREASURY SECURITIES - COUPON 17098 Unites States Treasury 03/10/98 1,383,947.12 1,368,000.00 1,383,390.00 6.125 5.523 5.599 09/30/00 883 17099 Unites States Treasury 03/10/96 1,580,763.26 1,547,000.00 1,580,357.19 6.375 5.582 5.659 09/30/01 1,248 17100 Unites States Treasury 03/10/98 1,506,602.16 1,511,000.00 1,505,605.94 4.750 5.390 5.465 09/30/98 152 17101 Unites States Treasury 03/10/96 1,677,275.30 1,673,000.00 1,676,136.88 5.750 5.480 5.556 09/30/99 517 SUBTOTALS and AVERAGES 6,148,587.88 6,145,690.01 6,099,000.00 5.494 5.570 698 FIDELITY TREASURY POOL 11061 Fidelity Institutional Cash 90,311.00 90,311.00 90,311.00 5.420 5.346 5.420 11062 Fidelity Institutional Cash 4,314,938.00 4,314,938.00 4,314,938.00 5.420 5.346 5.420 , 11063 Fidelity Institutional Cash 175,355.00 175,355.00 175,355.00 5.420 5.346 5.42C . 11064 Fidelity Institutional Cash 13,934.60 13,934.00 13,934.00 5.420 5.346 5.42C . SUBTOTALS and AVERAGES 4,594,538.00 4,594,538.00 4,594,538.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 10,743,125.88 10,740,222.01 10,693,536.00 5.430% 5.506% 4CC 06/01/1998 Project Area 4 Tax Alloc. 1998 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26014 Cash with Trustee 1.73 0.000 0.000 0.000 Accrued Interest at Purchase 154,976.32 TOTAL CASH $ 154,978.05 TOTAL CASH and INVESTMENTS $ 10,898,103.93 ice. 06/01/1998 Redevelopment Agency - General PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT LOCAL AGENCY INVESTMENT FUNDS 21000 Local Agency Investment Fun 14,562,151.25 14,562,151.25 14,562,151.25 5.700 5.622 5.700 1 FEDERAL AGENCY ISSUES - COUPON 15020 Federal National Mortgage A 10/03/97 1,000,000.00 1,000,000.00 1,000,000.00 5.630 5.621 5.699 08/14/98 105 TREASURY SECURITIES - COUPON 17083 Unites States Treasury 03/21/97 1,982,096.35 2,000,000.00 1,990,000.00 5.000 6.124 6.209 02/15/99 290 TOTAL INVESTMENTS and AVG. $ 17,544,247.60 17,552,151.25 17,562,151.25 5.679% 5.757% 40 C 06/01/1998 Redevelopment Agency - General PM INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 26006 Cash with Trustee 0.01 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 17,544,247.61 06/01/1998 Self Help Checking PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA APRIL 30, 1998 ACCRUA INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ➢ATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0.000% 0 r- 06/01/1998 Self Help Checking PM INVESTMENT PORTFOLIO DETAILS - CASH RDA APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING 25002 B of A - Self Help Checking 49,724.34 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 49,724.34 • r -- • 06/01/199B Portfolio wo/SLGS (a) AG - 1 RDA AGING OF MATURING INVESTMENTS ACCRUAL Number of Book Value Percent of Aging Interval Date Investments Portfolio 1 - 30 days 05/01/1998 - 05/30/1998 31 46,976,952.20 99.77 31 - 60 days 05/31/1998 - 06/29/1998 0 0.00 0.00 61 - 90 days 06/30/1998 - 07/29/1998 0 0.00 0.00 91 - 180 days 07/30/1998 - 10/27/1998 0 0.00 0.00 181 - 365 days 10/28/1998 - 04/30/1999 0 0.00 0.00 366 - 730 days 05/01/1999 - 04/29/2000 1 106,224.39 0.23 731 - 1095 days 04/30/2000 - 04/29/2001 0 0.00 0.00 1096 - 1460 days 04/30/2001 - 04/29/2002 0 0.00 0.00 1461 - 1825 days 04/30/2002 - 04/29/2003 0 0.00 0.00 1825 days and after 04/29/2003 - 0 0.00 0.00 TOTALS 32 $ 47,083,176.59 100.00% 06/01/1998 Portfolio wo/SLGS (b) AG - 1 RDA • AGING OF MATURING INVESTMENTS ACCRUAL Number of Book Value Percent of Aging Interval Date Investments Portfolio 1 - 30 days 05/01/1998 - 05/30/1998 33 24,112,058.75 57.61 31 - 60 days 05/31/1998 - 06/29/1998 0 0.00 0.00 61 - 90 days 06/30/1998 - 07/29/1998 1 499,829.94 1.19 91 - 180 days 07/30/1998 - 10/27/1998 3 2,654,321.33 6.34 • 181 - 365 days 10/28/1998 - 04/30/1999 2 2,133,274.19 5.10 366 - 730 days 05/01/1999 - 04/29/2000 3 1,998,179.91 4.77 731 - 1095 days 04/30/2000 - 04/29/2001 3 1,724,270.38 4.12 1096 - 1460 days 04/30/2001 - 04/29/2002 3 1,948,554.85 4.66 1461 - 1825 days 04/30/2002 - 04/29/2003 4 1,013,703.93 2.42 1825 days and after 04/29/2003 - 4 5,769,319.07 13.78 TOTALS 56 $ 41,853,512.35 100.00% 05/27/1998 E PD Reieventent Agency AO - , ADA AGING OP MATURING INVESTMENTS ACCRI`l Number of Book Value Par_=:-.- o_ Aging Interval Data Investments _:._ 1 - 30 days 05/28/1998 - 06/26/1998 71 71,533,257.22 4.3.. 31 - 60 days 06/27/1998 - 07/26/1958 2 872,352.45 61 - 90 days 07/27/1998 - 08/25/1998 1 1,000,000.03 0.f: 91 - 180 days 08/26/1998 - 11/23/1998 5 2,516,491.6e 1.E3 181 - 365 days 11/24/1998 - 05/27/1999 4 3,728,999.24 2. 366 - 730 days 05/28/1999 - 05/26/2000 10 5,285,151.21 731 - 1095 days 05/27/2000 - 05/26/2001 6 3,559,560.23 2.1' 1096 - 1460 days 05/27/2001 - 05/26/2002 8 68,491,400.55 41.d: 1461 - 1825 days 05/27/2002 - 05/25/2303 4 1,013,262.01 0.52 1825 days and after 05/26/2003 - 4 5,769,319.07 _S= TOTALS 115 $ 163,869,793.75 1G'..008 Ea & ■Oa = : Blainalaninallain a �l��MIMlmiilNI s klISEINE O11®IILN , T N O 0 - 2 Y MMINIMBEININEMI INIMIRMINIIMBRION _ INNEN � I L kilkitikli MCUM F IIIIIIW d£m mp Don g ` e a 1 atommist a ss. a 1 ` ilia z 5 �3 A F}i L4., lck•.ce"o-ibk` s Ft Pl {T r .. b I`'ke u'S MINIMINIS Eta : F, 11111111111111111 1 T by ✓Y 2. iNOMIIIME O L € F- Ali la. 1 r—' 06/01/1998 City-of Palm Desert PM - 1 PORTFOLIO MASTER SUMMARY CITY APRIL 30, 1998 ACCRUAL AVERAGE ---YIELD TO MATURITY PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT Fidelity Treasury Pool $ 6,595,714.00 5.48 1 1 5.339 5.413 Local Agency Investment Funds $ 19,345,000.00 16.07 1 1 5.594 5.672 Passbook/Checking Accounts $ 8,828,610.11 7.34 1 1 4.560 4.623 Federal Agency Issues - Coupon $ 22,881,247.40 19.01 1,017 717 5.964 6.047 Treasury Securities - Coupon $ 38,391,632.94 31.90 1,247 888 5.876 5.958 Treasury Securities - Discount $ 4,847,122.36 4.03 1,706 1,565 5.738 5.818 City Loan to RDA $ 19,000,000.00 15.79 2,192 1,157 5.462 5.538 State & Local Govt. Series $ 465,000.00 0.39 1,753 1,612 0.000 0.000 TOTAL INVESTMENTS and AVERAGES $ 120,354,326.81 100.00% 1,013 672 5.628% 5.706% CASH Passbook/Checking - No Yield Totals $ 226,890.25 0.000 C.006 (not included in yield calculations) Accrued Interest at Purchase $ 274,826.37 TOTAL CASH and PURCHASE INTEREST $ 501,716.62 TOTAL CASH and INVESTMENTS $ 120,856,041.49 MONTH ENDING FISCAL TOTAL EARNINGS APRIL 30 YEAR TO DATE Current Year $ 568,181.14 $ 5,139,151.40 AVERAGE DAILY BALANCE $ 124,352,562.03 $ 108,245,973.32 EFFECTIVE RATE OF RETURN 5.56% 5.704 (,IM1� The investment portfolio of the City of Palm Desert complies with its Investment Paul . Gibson Policy and the California Government Code sections pertaining to the investment Treasurer of local agency funds. Pending any future actions by the City Council or any unforeseen catastrophy the City has an adequate cash flow to meet its expenditure requirements for the next six months. The month-end market values DATE were obtained from First Trust and 1DC Datafeed pricing service. File Copy 06/01/1998 City of Palm Desert PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 6325UA: INVESTMENT AVERAGE PURCHASE STATED --- YTM -- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAC FIDELITY TREASURY POOL 12004 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5 420 . 12005 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.423 . 12006 R -Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5 450 _ 12007 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 . 12009 I Fidelity Institutional Cash 36,350.00 36,350.00 36,350.00 5.410 5.336 5. 12010 R Fidelity Institutional Cash 188,624.00 188,624.00 188,624.00 5.410 5 336 5.4:3 12011 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5 :4f • 12012 I Fidelity Institutional Cash 415,160.00 415,160.00 415,160.00 5.410 5.336 5.410.. . 12013 R Fidelity Institutional Cash 129,653.00 129,653.00 129,653.00 5.410 5.336 5.410 1 12015 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12016 I Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 1 12018 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 1 12019 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12020 I Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12021 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12022 R Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12023 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 I 12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1 12025 R Fidelity Institutional Cash 462,925.00 462,925.00 462,925.00 5.410 5.336 5.410 1 12027 R Fidelity Institutional Cash 62,796.00 62,796.00 62,796.00 5.410 5.336 5.410 1 12028 R Fidelity Institutional Cash 158,744.00 158,744.00 158,744.00 5.410 5.336 5.410 1 12031 Fidelity Institutional Cash 0.00 0.00 0.00 5.430 5.356 5.430 1 12032 Fidelity Institutional Cash 245.00 245.00 245.00 5.410 5.336 5.410 12033 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1 12034 Fidelity Institutional Cash 9.00 9.00 9.00 5.410 5.336 5.410 1 12035 Fidelity Institutional Cash 88.00 88.00 88.00 5.410 5.336 5.410 1 12036 Fidelity Institutional Cash 27.00 27.00 27.00 5.410 5.336 5.410 1 12037 Fidelity Institutional Cash 41.00 41.00 41.00 5.420 5.346 5.420 1 12039 Fidelity Institutional Cash 186.00 186.00 186.00 5.410 5.336 5.410 1 12042 I Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 1 12043 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 12043 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 . 12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1 12045 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 1 12046 Fidelity Institutional Cash 3.00 3.00 3.00 5.410 5.336 5.410 1 12049 Fidelity Institutional Cash 75,255.00 75,255.00 75,255.00 5.410 5.336 5.410 1 12050 Fidelity Institutional Cash 0.00 - 0.00 0.00 5.470 5.395 5.470 1 12051 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 1 12052 Fidelity Institutional Cash 423.00 423.00 423.00 5.410 5.336 5.410 1 12053 Fidelity Institutional Cash 196,708.00 196,708.00 196,708.00 5.410 5.336 5.410 1 12054 Fidelity Institutional Cash 94.00 94.00 94.00 5.410 5.336 5.410 1 12055 Fidelity Institutional Cash 582.00 582.00 582.00 5.410 5.336 5.410 1 12056 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 1 06/01/1998 City of Palm Desert PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12057 Fidelity Institutional Cash 3,465,127.00 3,465,127.00 3,465,127.00 5.410 5.336 5.410 1 12058 Fidelity Institutional Cash 66.00 66.00 66.00 5.470 5.395 5.470 1 12059 Fidelity Institutional Cash 108,173.00 108,173.00 108,173.00 5.580 5.504 5.580 1 12060 Fidelity Institutional Cash 871,739.00 871,739.00 871,739.00 5.410 5.336 5.410 1 12061 Fidelity Institutional Cash 300,168.00 300,168.00 300,168.00 5.410 5.336 5.410 1 12062 Fidelity Institutional Cash 122,528.00 122,528.00 122,528.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 5,218,661.83 6,595,714.00 6,595,714.00 6,595,714.00 5.339 5.413 1 LOCAL AGENCY INVESTMENT FUNDS 12000 Local Agency Investment Fun 19,345,000.00 19,345,000.00 19,345,000.00 5.672 5.594 5.672 1 AVERAGES 19,752,131.60 PASSBOOK/CHECKING ACCOUNTS 13007 Main Account (Sweep) - UBC 8,238,033.30 8,238,033.30 8,238,033.30 4.620 4.557 4.620 1 13012 Office Complex (Sweep) - UB 590,576.51 590,576.81 590,576.81 4.670 4.606 4.670 1 SUBTOTALS and AVERAGES 8,169,290.25 8,828,610.11 8,828,610.11 8,828,610.11 4.560 4.623 1 FEDERAL AGENCY ISSUES - COUPON 14016 Federal Farm Credit Bank 08/04/97 3,000,000.00 3,000,000.00 3,012,187.50 6.000 6.000 6.083 08/04/00 826 14007 Federal Home Loan Bank 10/24/96 3,996,270.60 4,000,000.00 4,001,250.00 5.820 6.019 6.102 11/02/98 185 14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,809,000.00 6.310 6.310 6.398 03/26/99 329 14020 Federal Home Loan Bank 01/14/98 3,000,000.00 3,000,000.00 2,991,562.50 5.802 5.802 5.883 01/14/00 623 14022 Federal Home Loan Bank 01/09/98 1,998,937.50 2,000,000.00 1,992,500.00 6.105 6.145 6.231 01/09/02 1,349 14024 Federal Home Loan Bank 03/03/98 2,999,116.07 3,000,000.00 2,981,250.00 5.935 5.998 6.081 02/13/01 1,019 14002 I Federal National Mortgage A 12/12/95 1,030,748.01 1,000,000.00 1,032,500.00 8.450 5.877 5.958 07/12/99 437 14004 I Federal Natidnal Mortgage A 12/12/95 1,058,324.78 1.000,000.00 1,061,875.00 9.050 5.620 5.699 04/10/00 710 14021 Federal National Mortgage A 01/05/98 997,450.00 1,000,000.00 997,187.50 5.230 5.689 5.768 11/25/98 208 14023 Federal National Mortgage A 01/14/98 2,000,000.00 2,000,000.00 1,986,250.00 6.010 5.928 6.010 01/14/03 1,719 14018 Tennessee Valley Authority 09/09/97 1,000,400.44 1,000,000.00 990,937.50 5.950 5.836 5.917 09/15/98 137 SUBTOTALS and AVERAGES 23,348,434.40 22,881,247.40 22,856,500.00 22,800,000,00 5.964 6.047 717 TREASURY SECURITIES - COUPON 16006 I United States Treasury 12/12/95 484,722.04 484,000.00 484,605,00 5 875 5.241 5.314 . .• . 16007 I United States Treasury 12/12/95 1,014,543.46 1,000,000.00 1,012,812.50 6.375 5.338 5.413 01/15/00 624 16008 I United States Treasury 12/12/95 458,617.04 445,000.00 458,906.25 8.000 5.279 5.352 08/15/99 471 16010 I United States Treasury 12/12/95 1,007,440.99 1,000,000.00 1,008,437.50 7.125 5.272 5.345 10/15/98 167 16034 United States Treasury 05/31/96 1,999,923.56 2,000,000.00 2,001,250.00 6.000 5.967 6.050 05/31/98 30 06/01/1998 City of Palm Desert PM 4 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 • ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT TREASURY SECURITIES - COUPON 16036 United States Treasury 06/26/96 2,996,241.59 3,000,000.00 3,003,750.00 5.875 6.252 6.338 08/15/98 106 16037 United States Treasury 06/26/96 2,979,569.74 3,000,000.00 2,991,562.50 5.125 6.314 6.402 11/30/98 213 16045 United States Treasury 09/05/96 1,998,553.88 2,000,000.00 2,005,000.00 6.125 6.270 6.358 08/31/96 122 16047 United States Treasury 05/01/97 2,002,184.50 2,000,000.00 2,016,875.00 6.375 6.171 6.257 04/30/99 364 16048 United States Treasury 03/21/97 1,982,096.35 2,000,000.00 1,991,875.00 5.000 6.124 6.209 02/15/99 290 16050 United States Treasury 12/11/97 92,133.77 92,000.00 92,316.25 5.875 5.674 5.753 08/31/99 487 16051 United States Treasury 12/11/97 1,360,378.60 1,340,000.00 1,368,056.25 6.250 5.761 5.841 08/31/02 1,583 16052 United States Treasury 12/11/97 12,278.75 12,000.00 12,311.25 7.125 5.672 5.750 02/29/00 669 16053 United States Treasury 12/11/97 97,936.45 97,000.00 98,333.75 6.250 5.713 5.792 08/31/00 853 16054 United States Treasury 12/11/97 12,949.95 13,000.00 13,000.00 5.625 5.693 5.772 02/28/01 1,034 16055 United States Treasury 12/11/97 105,033.78 103,000.00 105,575.00 6.500 5.750 5.830 08/31/01 1,218 16056 United States Treasury 12/11/97 13,177.15 13,000.00 13,251.88 6.250 5.761 5.841 02/28/02 1,399 16058 United States Treasury 12/11/97 86,735.15 87,000.00 86,836.88 4.750 5.606 5.684 08/31/98 122 16059 United States Treasury 12/11/97 11,979.53 12,000.00 11,996.25 5.500 5.629 5.707 02/28/99 303 16060 United States Treasury 12/11/97 307,936.23 300,000.00 309,843.75 6.625 5.768 5.848 03/31/02 1,430 16061 United States Treasury 12/11/97 15,211,465.74 15,194,000.00 15,307,955.00 5.875 5.762 5.842 00/30/02 1,613 16062 United States Treasury 12/11/97 925,707.83 911,000.00 930,643.44 6.375 5.75E 5.838 09/30/01 1,246 16063 United States Treasury 12/11/97 286,046.74 282,000.00 287,463.75 6.375 5.748 5.828 03/31/01 1,065 16064 United States Treasury 12/11/97 852,934.28 847,000.00 856,528.75 6.125 5.724 5.803 09/30/00 883 16065 United States Treasury 12/11/97 270,135.16 265,000.00 271,293.75 6.875 5.696 5.775 03/31/00 700 16066 United States Treasury 12/11/97 806,702.7E 807,000,00 808,513.13 5.750 5.693 5.772 09/30/99 517 16067 United States Treasury 12/11/97 251,126.15 250,000.00 251,640.63 6.250 5.646 5.724 03/31/99 334 16068 United States Treasury 12/11/97 763,081.75 766,000.00 764,085.00 4.750 5.611 5.689 09/30/98 152 SUBTOTALS and AVERAGES 38,857,714.21 38,391,632.94 38,564,718.46 38,320,000.00 5.876 5.958 880 TREASURY SECURITIES - DISCOUNT 17070 United States Treasury 12/11/97 128,676.56 166,000.00 131,762.50 5.078 5.758 5.838 05/15/0I. 1,47' 17071 United States Treasury 12/11/97 4,718,445.80 6,170,000.00 4,831,881.25 5.028 5.737 5.817 08/15/62 1.507 SUBTOTALS and AVERAGES 4,847,122.36 4,847,122.36 4,963,643.75 6,336,000.00 5.738 5.818 1,565 CITY LOAN TO RDA 12001 Redevelopment Agency-Loan 07/01/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 07/01/01 1,157 AVERAGES 19,000,000.00 STATE & LOCAL GOVT. SERIES 23000 State & Local Govt. Series 12/11/97 430,000.00 430,000.00 430,000.00 0.000 0.000 0.000 10/01/02 1,614 23001 State & Local Govt. Series 12/11/97 35,000.00 35,000.00 35,000.00 0.000 0.000 0.000 09/02/02 1.585 SUBTOTALS and AVERAGES 465,000.00 465,000.00 465,000.00 465,000.00 0.000 0.000 1,612 TOTAL INVESTMENTS and AVG. $ 120,354,326.81 120,619,186.32 119,658,354.65 121,690,324.11 5.628E 5.706% 672 06/01/1998 City of Palm Desert pm _ INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCVJA: INVESTMENT AVERAGE PURCHASE STATED --- YTM MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT • PASSBOOK/CHECKING ACCOUNTS 13009 Desert Willow Checking - BofA 2,794.00 0.000 0.000 0.000 13010 Desert Willow Savings - BofA 435,608.62 0.000 0.000 0.000 13000 City Main Account - BofA 0.00 0.000 0.000 0.000 13003 Office Complex Checking - BofA 0.00 0.000 0-000 0.000 13004 Office Complex Trust - BofA 0.00 0.000 0.000 0.000 13002 Bank of America - Savings 0.00 2.000 1.973 2 CPC 13005 Library Foundation - UBC 10,000.00 0.000 0.CO^ 13006 City Main Account - UBC -296,477.49 0.000 0 00. .. . 13008 Office Complex Checking - UBC 50,953.11 0.000 0.007 13011 Office Complex Trust - UBC 23,990.41 0.000 0.000 0.000 SUBTOTALS and AVERAGES 4,694,207.38 226,890.25 0.000 0.000 Accrued Interest at Purchase 274,826.37 TOTAL CASH $ 501,716.62 TOTAL CASH and INVESTMENTS $ 124,352,562.03 120,856,043.43 • 06/01/1998 City of Palm Desert PM - 6 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT ft ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE FIDELITY TREASURY POOL (Monthly Summary) 12004 Fidelity Institutional Cash 5.420 12005 Fidelity Institutional Cash 5.420 12006 R Fidelity Institutional Cash 5.450 12007 Fidelity Institutional Cash 5.480 12009 I •Fidelity Institutional Cash 5.410 154.00 12010 R Fidelity Institutional Cash 5.410 800.00 12011 Fidelity Institutional Cash 5.140 12012 I Fidelity Institutional Cash 5.410 1,760.00 12013 R Fidelity Institutional Cash 5.410 550.00 12015 Fidelity Institutional Cash 5.480 12016 I Fidelity Institutional Cash 5.450 12018 R Fidelity Institutional Cash 5.450 12019 Fidelity Institutional Cash 5.480 12020 I Fidelity Institutional Cash 5.480 12021 Fidelity Institutional Cash 5.480 12022 R Fidelity Institutional Cash 5.480 12023 Fidelity Institutional Cash 5.360 12024 Fidelity Institutional Cash 5.210 12025 R Fidelity Institutional Cash 5.410 1,963.00 12027 R Fidelity Institutional Cash 5.410 274.00 12028 R Fidelity Institutional Cash 5.410 673.00 12031 Fidelity Institutional Cash 5.430 12032 Fidelity Institutional Cash 5.410 31.00 12033 Fidelity Institutional Cash 5.420 12034 Fidelity Institutional Cash 5.410 4.00 12035 Fidelity Institutional Cash 5.410 35.00 12036 Fidelity Institutional Cash 5.410 11.00 12037 Fidelity Institutional Cash 5.410 12039 Fidelity Institutional Cash 5.410 1.00 12042 I Fidelity Institutional Cash 5.450 12043 Fidelity Institutional Cash 5.480 12043 R Fidelity Institutional Cash 5.450 12044 Fidelity Institutional Cash 5.150 12045 Fidelity Institutional Cash 5.470 12046 Fidelity Institutional Cash 5.410 12049 Fidelity Institutional Cash 5.410 322.00 12050 Fidelity Institutional Cash 5.470 12051 Fidelity Institutional Cash 5.470 12052 Fidelity Institutional Cash 5.410 415.00 12053 Fidelity Institutional Cash 5.410 859.00 12054 Fidelity Institutional Cash 5.410 78.00 12055 Fidelity Institutional Cash 5.410 533.00 06/01/1998 City of Palm Desert pv. PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE .:':Y APRIL 1, 1998 - APRIL 30, 1998 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT i ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE 12056 Fidelity Institutional Cash 5.470 12057 Fidelity Institutional Cash 5.410 1,130,257.00 12058 Fidelity Institutional Cash 5.470 519,039.00 12059 Fidelity Institutional Cash 5.580 16.00 12060 Fidelity Institutional Cash 5.410 871,739.00 12061 Fidelity Institutional Cash 5.410 • 300,168.00 12062 Fidelity Institutional Cash 5.410 122,528.00 SUBTOTALS and ENDING BALANCE 2,433,171.00 519,039.00 6,595,714.00 LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 12000 Local Agency Investment Fund 5.672 253,180.97 750,403.88 19,345,000.00 PASSBOOK/CHECKING ACCOUNTS (Monthly Summary) 13009 Desert Willow Checking - BofA 0.000 13010 Desert Willow Savings - BofA 0.000 13000 City Main Account - BofA 0.000 13003 Office Complex Checking - BofA 0.000 13004 Office Complex Trust - BofA 0.000 13002 Bank of America - Savings 2.000 13005 Library Foundation - UBC 0.000 13006 City Main Account - UBC 0.000 4,621,906.74 13008 Office Complex Checking - UBC 0.000 593.23 13011 Office Complex Trust - UBC 0.000 13007 Main Account (Sweep) - UBC 4.620 682,055.03 13012 Office Complex (Sweep) - UBC 4.670 SUBTOTALS and ENDING BALANCE 682,648.26 4,621,906.74 8,828,6:0.11 CASH WITH TRUSTEE -FIRST TRUST (Monthly Summary) 24001 Cash with Trustee 0.000 0.63 24002 Cash with Trustee 0.000 0.39 . 24003 Cash with Trustee 0.000 0.16 24004 Cash with Trustee _ 0.000 24005 Cash with Trustee 0.000 0.28 24006 Cash with Trustee 0.000 0.15 24007 Cash with Trustee 0.000 24008 Cash with Trustee 0.000 24009 Cash with Trustee 0.001 0.15 24010 Cash with Trustee 0.000 24011 Cash with Trustee 0.000 0.30 06/01/1998 City of Palm Desert PM - PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY APRIL 1, 1998 - APRIL 30, 1998 ACCRUA, STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT 0 ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE 24012 Cash with Trustee 0.000 0.30 24013 Cash with Trustee 0.000 1.51 24014 Cash with Trustee 0.000 48.79 SUBTOTALS and ENDING BALANCE 1.81 50.85 0.00 FEDERAL AGENCY ISSUES - COUPON 14019 FED HOME LOAN MORTGAGE CORP 5.840 04/08/1998 2,000,000.00 22,881,240.40 TREASURY SECURITIES - COUPON 16009 I United States Treasury 7.875 04/15/1998 1,000,000.00 38,391,632.94 TREASURY SECURITIES - DISCOUNT 4,847,122.36 CITY LOAN TO RDA STATE & LOCAL GOVT. SERIES 465,000.00 TOTALS 3,369,002.04 8,891,400.47 120,354,326.81 06/01/1998 PM 9 City of Palm Desert CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL APRIL 1997 through APRIL 1998 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY April 97 77 78,911,373.34 5.814 5.895 6.485 0 1 973 673 May 97 78 84,880,987.05 5.744 5.823 5.310 3 2 922 621 June 97 85 90,871,191.91 5.798 5.878 5.360 2 0 896 593 July 97 86 94,575,224.17 5.737 5.817 5.360 0 1 853 539 August 97 84 91,547,197.66 5.732 5.811 5.403 2 4 918 589 September 97 88 93,217,921.33 5.745 5.824 5.440 2 2 910 5c' October 97 86 89,798,898.28 5.773 5.853 5.420 0 2 930 559 November 97 85 87,819,965.49 5.770 5.850 5.420 0 1 939 548 December 97 121 118,541,443.76 5.674 5.753 5.470 29 6 1,009 706 January 98 123 127,172,468.11 5.572 5.650 2.663 4 2 996 697 February 9B 119 124,986,163.44 5.643 5.721 - 5.440 0 4 1,000 687 March 98 119 121,404,775.19 5.647 5.725 5.420 1 5 1,017 688 April 98 120 120,354,326.81 5.628 5.706 5.413 0 2 1,013 672 AVERAGES 98 $ 101,852,456.66 5.715% 5.793% 5.277% 3 2 952 626 • 06/01/1998 City of Palm Desert DISTRIBUTION OF INVESTMENTS BY TYPE APRIL 1997 through APRIL 1998 MONTH TYPES OF INVESTMENTS END YEAR BCD SCD LA1 LA2 LA5 PA1 PA2 MTN BAC CPI COM FAC FAD TRC TRD MD1 MCI April 97 5.9 20.3 19.1 30.6 24.1 May 97 5.5 23.6 17.7 30.8 22.4 June 97 5.0 17.8 5.4 22.0 28.8 20.9 July 97 4.6 17.4 4.3 5.2 20.7 27.7 20.1 August 97 6.9 14.7 6.9 24.7 26.1 20.8 September 97 5.6 14.4 6.5 27.5 25.6 20.4 October 97 6.6 15.2 3.8 26.6 26.6 21.2 November 97 6.8 15.5 3.9 27.2 25.0 21.6 December 97 2.4 11.5 5.1 4.2 14.4 41.9 4.1 16.1 January 98 3.4 10.9 6.4 2.3 18.8 - 39.1 3.8 14.9 February 98 3.5 15.9 8.7 19.1 33.3 3.9 15.2 March 98 3.9 16.3 6.7 20.6 32.5 4.0 15.7 April 98 5.5 16.1 7.3 19.0 31.9 4.0 15.8 AVERAGES 5.05 16.1% 4.6% 1.3% 21.3% 30.8% 1.5% 19.2% BCD - Certificates of Deposit - Bank SCD - Certificates of Deposit - S & L LA1 - Fidelity Treasury Pool LA2 - Managed Pool Accounts LA5 - Local Agency Investment Funds PA1 - Passbook/Checking Accounts ' PA2 - Cash with Trustee -First Trust MTN - Medium Term Notes RAC - Bankers Acceptances CPI - Commercial Paper - Interest Bearing COM - Commercial Paper - Discount FAC - Federal Agency Issues - Coupon FAD - Federal Agency Issues - Discount TRC - Treasury Securities - Coupon TRD - Treasury Securities - Discount MD1 - Treasury Securities - T-Bills MCI - City Loan to RDA MC3 - State & Local Govt. Series - Coupon MD2 - State 6 Local Govt. Series • 06/01/1998 PM 11 City of Palm Desert CITY INTEREST EARNINGS SUMMARY ACCRUAL APRIL 30, 1998 MONTH ENDING FISCAL APRIL 30, 1998 YEAR TO DATE • CD/Coupon/Discount Investments: Interest Collected $ 178,650.00 $ 2,415,798.18 PLUS Accrued Interest at End of Period 4,390,987.16 4,390,987.16 LESS Accrued Interest at Beginning of Period ( 4,148,180.65) ( 2,863,962.47) Interest Earned during Period $ 421,456.51 3,942,822.87 ADJUSTED by Premiums and Discounts -431.65 5,526.78 ADJUSTED by Capital Gains or Losses 0.00 7,943.54 Earnings during Period 421,024.86 $ 3,956,293.19 Mortgage Backed Securities: Interest Collected $ 0.00 $ 0.00 PLUS Accrued Interest at End of Period 0.00 0.00 LESS Accrued Interest at Beginning of Period ( 0.00) ( 0.00) Interest Earned during Period $ 0.00 0.00 ¢'g ADJUSTED by Premiums and Discounts 0.00 0.00 ADJUSTED by Capital Gains or Losses 0.00 0.00 Earnings during Period 0.00 $ 0.00 Cash/Checking Accounts: Interest Collected $ 272,544.41 $ 917,875.05 PLUS Accrued Interest at End of Period 815,343.83 815,343.83 LESS Accrued Interest at Beginning of Period ( 940,731.86) ( 550,360.67) Interest Earned during Period $ 147,156.28 $ 1,182,858.21 TOTAL Interest Earned during Period $ 568,612.79 $ 5,125,681.08 TOTAL Ajustments from Premiums and Discounts $ -431.65 $ 5,526.78 TOTAL Capital Gains or Losses $ 0.00 $ 7,943.54 TOTAL Earnings during Period $ 568,181.14 $ 5,139,151.40 06/01/1998 Assessment District 83-1 PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS C:TY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12027 R Fidelity Institutional Cash 62,796.00 62,796.00 62,796.00 5.410 5.336 5.410 1 12034 Fidelity Institutional Cash 9.00 9.00 9.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 62,805.00 62,805.00 62,805.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 62,805.00 62,805.00 62,805.00 5.3368 5.410% 1 06/01/1998 Assessment District 83-1 PM INVESTMENT PORTFOLIO DETAILS - CASH CSTY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED YTM NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 3E° CASH WITH TRUSTEE -FIRST TRUST 24002 Cash with Trustee 0.48 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 62,805.48 06/01/1998 1995 Refunding Bonds 84-1-R PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MA': FIDELITY TREASURY POOL 12025 R Fidelity Institutional Cash 462,925.00 462,925.00 462,925.00 5.410 5 336 5 4:r. 12035 Fidelity Institutional Cash 88.00 88.00 88.00 5.410 5 13r 4: 12059 Fidelity Institutional Cash 108,173.00 108,173.00 108,173.00 5.580 5 5C4 SUBTOTALS and AVERAGES 571,186.00 571,186.00 571,186.00 5.368 5.442 1 TOTAL INVESTMENTS and AVG. $ 571,186.00 571,186.00 571,186.00 5.368% 5.4428 1 06/01/1998 1995 Refunding Bonds 84-1-R PM 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATE➢ --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24001 Cash with Trustee 0.96 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 571,186.96 06/01/1998 AD 87-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL • 12028 R Fidelity Institutional Cash 158,744.00 158,744.00 158,744.00 5.410 5 336 5.41C 12036 Fidelity Institutional Cash 27.00 27..00 27.00 5.410 5.336 5 41? • SUBTOTALS and AVERAGES 158,771.00 158,771.00 158,771.00 5.336 5.410 TOTAL INVESTMENTS and AVG. $ 158,771.00 158,771.00 158,771.00 5.336% 5.410% 06/01/1998 AD 87-1 PM INVESTMENT PORTFOLIO DETAILS - CASH ^TY APRIL 30, 1998 ACTRP_„_. INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24009 Cash with Trustee 1.22 0.001 0.001 0.001 TOTAL CASH and INVESTMENTS $ 158,772.22 06/01/1998 Indian Ridge 91-1 Series A PM _ INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUA:. INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12015 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 . 12016 I Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 12022 R Fidelity Institutional Cash 0.00 0.00 0.00 5.480 . 5.405 5.480 SUBTOTALS and AVERAGES '0.00 0.00 0.00 0.000 0.000 0 TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0:000% 0 06/01/1998 Indian Ridge 91-1 Series A PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM -- - MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24004 Cash with Trustee 3.92 - 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 3.92 06/01/1998 Indian Ridge 91-1 Series B PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12042 I Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 12043 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12043 R 'Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 . 12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 SUBTOTALS and AVERAGES 0.00 0.00 0.00 0.000 0.000 0 FEDERAL AGENCY ISSUES - COUPON 14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,809,000.00 6.310 6.310 6.398 03/26/99 329 14002 I Federal National Mortgage A 12/12/95 1,030,748.01 1,000,000.00 1,032,500.00 8.450 5.877 5.958 07/12/99 437 14004 I Federal National Mortgage A 12/12/95 1,058,324.78 1,000,000.00 1,061,875.00 9.050 5.620 5.699 04/10/00 710 SUBTOTALS and AVERAGES 3,889,072.79 3,903,375.00 3,800,000.00 6.008 6.091 461 TREASURY SECURITIES - COUPON 16006 I United States Treasury 12/12/95 484,722.04 484,000.00 484,605.00 5.875 5.241 5.314 08/15/98 106 16007 I United States Treasury 12/12/95 1,014,543.46 1,000,000.00 1,012,812.50 6.375 5.338 5.413 01/15/00 624 16008 I United States Treasury 12/12/95 458,617.04 445,000.00 458,906.25 8.000 5.279 5.352 08/15/99 471 16010 I United States Treasury 12/12/95 1,007,440.99 1,000,000.00 1,008,437.50 7.125 5.272 5.345 10/15/98 167 SUBTOTALS and AVERAGES 2,965,323.53 2,964,761.25 2,929,000.00 5.291 5.364 360 TOTAL INVESTMENTS and AVG. $ 6,854,396.32 6,868,136.25 6,729,000.00 5.697% 5.777% 4:B 06/01/1998 Indian Ridge 91-1 Series B PM 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL, INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24010 Cash with Trustee 4.09 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 6,854,400.41 • 06/01/1998 91-1 Series 1997 PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12050 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 1 12052 Fidelity Institutional Cash 423.00 423.00 423.00 5.410 5.336 5.410 1 12057 Fidelity Institutional Cash 3,465,127.00 3,465,127.00 3,465,127.00 5.410 5.336 5.410 1 • 12060 Fidelity Institutional Cash 871,739.00 871,739.00 871,739.00 5.410 5.336 5.410 1 SUBTOTALS and AVERAGES 4,337,289.00 4,337,289.00 4,337,289.00 5.336 5.410 ' 1 TREASURY SECURITIES - COUPON 16060 United States Treasury 12/11/97 307,936.23 300,000.00 309,843.75 6.625 5.768 5.848 03/31/02 1,430 16061 United States Treasury 12/11/97 15,211,465.74 15,194,000.00 15,307,955.00 5.875 5.762 5.842 09/30/02 1,613 16062 United States Treasury 12/11/97 925,707.83 911,000.00 930,643.44 6.375 5.758 5.838 09/30/01 1,248 16063 United States Treasury 12/11/97 286,046.74 282,000.00 287,463.75 6.375 5.748 5.828 03/31/01 1,065 16064 United States Treasury 12/11/97 852,934.28 847,000.00 856,528.75 6.125 5.724 5.803 09/30/00 883 16065 United States Treasury 12/11/97 270,135.16 265,000.00 271,293.75 6.875 5.696 5.775 03/31/00 700 16066 United States Treasury 12/11/97 806,702.78 807,000.00 808,513.13 5.750 5.693 5.772 09/30/99 517 16067 United States Treasury 12/11/97 251,126.15 250,000.00 251,640.63 6.250 5.646 5.724 03/31/99 334 16068 United States Treasury 12/11/97 763,081.75 766,000.00 764,085.00 4.750 5.611 5.689 09/30/98 152 SUBTOTALS and AVERAGES 19,675,136.66 19,787,967.20 - 19,622,000.00 5.749 5.829 1,423 TREASURY SECURITIES - DISCOUNT 17071 United States Treasury 12/11/97 4,718,445.80 6,170,000.00 4,831,881.25 5.028 5.737 5.817 08/15/02 1,567 STATE & LOCAL GOVT. SERIES 23000 State & Local Govt. Series 12/11/97 430,000.00 430,000.00 430,000,00 0.000 0.000 0.000 10/01/02 1,614 TOTAL INVESTMENTS and AVG. $ 29,160,871.46 29,387,137.45 30,559,289.00 5.601% 5.679% 1,238 06/01/1998 91-1 Series 1997 PM - INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24013 Cash with Trustee 2.04 0.000 0.000 0.000 Accrued Interest at Purchase 228,874.21 TOTAL CASH $ 228,876.25 TOTAL CASH and INVESTMENTS $ 29,389,747.71 06/01/1998 Sierra Nova 92-1 pp _ INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12004 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 . 12005 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 12006 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 12007 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 12045 Fidelity Institutional Cash '0.00 0.00 0.00 5.470 5.395 5.470 1 SUBTOTALS and AVERAGES 0.00 0.00 0.00 0.000 0.000 0 TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0.000% 0 06/01/1998 Sierra Nova 92-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24008 Cash with Trustee 0.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 0.00 06/01/1998 92-1 series 1997 PM - INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12051 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5 470 . 12054 Fidelity Institutional Cash 94.00 94.00 94.00 5.410 5 336 3.410 . 12062 -Fidelity Institutional Cash 122,528.00 122,528.00 122,528.00 5.410 5 336 5.41C SUBTOTALS and AVERAGES 122,622.00 122,622.00 122,622.00 5.336 5.410 1 TREASURY SECURITIES - COUPON 16050 United States Treasury 12/11/97 92,133.77 92,000.00 92,316.25 5.875 5.674 5.753 08/31/99 487 16051 United States Treasury 12/11/97 1,360,378.60 1,340,000.00 1,368,056.25 6.250 5.761 5.841 08/31/02 1,583 16052 United States Treasury 12/11/97 12,278,75 12,000.00 12,311.25 7.125 5.672 5.750 02/29/00 669 . 16053 United States Treasury 12/11/97 97,936.45 97,000.00 98,333.75 6.250 5.713 5.792 08/31/00 853 16054 United States Treasury 12/11/97 12,949.95 13,000.00 13,000.00 5.625 5.693 5.772 02/28/01 1,034 16055 United States Treasury 12/11/97 105,033.78 103,000.00 105,575.00 6.500 5.750 5.830 08/31/01 1,218 16056 United States Treasury 12/11/97 13,177.15 13,000.00 13,251.88 6.250 5.761 5.841 02/28/02 1,399 16058 United States Treasury 12/11/97 86,735.15 87,000.00 86,836.88 4.750 5.606 5.684 08/31/98 122 16059 United States Treasury 12/11/97 11,979.53 12,000.00 11,996.25 5.500 5.629 5.707 02/28/99 303 SUBTOTALS and AVERAGES 1,792,603.13 1,801,677.51 1,769,000.00 5.744 5.824 1,375 TREASURY SECURITIES - DISCOUNT 17070 United States Treasury 12/11/97 128,676.56 166,000.00 131,762.50 5.078 5.758 5.838 05/15/02 1,475 STATE & LOCAL GOVT. SERIES 23001 State & Local Govt. Series 12/11/97 35,000.00 35,000.00 35,000.00 0.000 0.000 0.000 09/02/02 1,585 TOTAL INVESTMENTS and AVG. $ 2,078,901.69 2,091,062.01 2,092,622.00 5.624% 5.7025 1,303 06/01/1998 92-1 Series 1997 PM INVESTMENT PORTFOLIO DETAILS - CASH APRIL 30, 1998 ACCK'A_ INVESTMENT PURCHASE STATED • YTM MATUP: NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MA: CASH WITH TRUSTEE -FIRST TRUST 24014 Cash with Trustee 0.50 0.000 0.000 0.000 Accrued Interest at Purchase 30,249.38 TOTAL CASH $ 30,249.88 TOTAL CASH and INVESTMENTS $ 2,109,151.57 06/01/1998 Big Horn 94-1 PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30,. 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12018 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 12019 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 12020 I Fidelity Institutional Cash 0.00 0.00 •0.00 5.480 5.405 5.480 1 12021 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1 SUBTOTALS and AVERAGES 0.00 0.00 0.00 0.000 0.000 • 0 TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0.000% 0 06/01/1998 Big Horn.94-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED - YTM MATURITY LAY; NUMBER ISSUER DATE BOOR VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT • CASH WITH TRUSTEE -FIRST TRUST 24007 Cash with Trustee 2.38 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 2.38 06/01/1998 94-1 Series 1997 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12055 Fidelity Institutional Cash 582.00 582.00 582.00 5.410 5.336 5.410 12056 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 12061 Fidelity Institutional Cash 300,168.00 300,168.00 300,168.00 5.410 5.336 5.410 SUBTOTALS and AVERAGES 300,750.00 300,750.00 300,750.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 100,750.00 300,750.00 300,750.00 5.336% 5:410% 1 06/01/1998 94-1 Series 1997 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH C_TY APRIL 30, 1996 ACCRUAL. INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24011 Cash with Trustee 0.32 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 300,750.32 06/01/1998 Sunterrace 94-2 PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE - STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12009 I Fidelity Institutional Cash 36,350.00 36,350.00 36,350.00 5.410 5.336 5-410 1 12010 R Fidelity Institutional Cash 188,624.00 188,624.00 188,624.00 5.410 5.336 5.410 - 12032 -Fidelity Institutional Cash 245.00 245.00 245.00 5.410 5.336 5.410 1 12033 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 SUBTOTALS and AVERAGES 225,219.00 225,219.00 225,219.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 225,219.00 225,219.00 225,219.00 5.1364 5.410% 1 • 06/01/1998 Sunterrace 94-2 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24006 Cash with Trustee 2.20 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 225,221.20 06/01/1998 Merano 94-3 rv. INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12011 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5.140 1 12012 I Fidelity Institutional Cash 415,160.00 415,160.00 415,160.00 5.410 5.336 5.410 1 12013 R Fidelity Institutional Cash 129,653.00 129,653.00 129,653'.00 5-410 5.336 5.410 12031 Fidelity Institutional Cash 0.00 0.00 0.00 5.430 5.356 5.430 1 12037 Fidelity Institutional Cash 41.00 41.00 41.00 5.420 5.346 5.420 SUBTOTALS and AVERAGES 544,854.00 544,854.00 • 544,854.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 544,854.00 544,854.00 544,854.00 5.336% 5.410% 1 06/01/1998 Merano 94-3 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24005 Cash with Trustee 2.07 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 544,856.07 06/01/1998 95 REV BND: 83-1, 84-1-R, 87-1 PM 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12023 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.265 . 12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.135 5.211 . 12039 Fidelity Institutional Cash 186.00 186.00 186.00 5.410 5.33.E 5 41^ ' -12046 Fidelity Institutional Cash 3.00 3.00 3.00 5.410 5.336 5.41;' 12049 Fidelity Institutional Cash 78,255.00 75,255.00 75,255.00 5.410 5.336 5.41C . SUBTOTALS and AVERAGES 75,444.00 75,444.00 75,444.00 5.336 5.410 1 TOTAL INVESTMENTS and AVG. S 75,444.00 75,444.00 75,444.00 5.336% 5.410% 1 • 06/01/1998 95 REV BND:. 83-1, 84-1-R, 87-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL. INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT • CASH WITH TRUSTEE -FIRST TRUST 24003 Cash with Trustee 0.70 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 75,444.70 06/01/1998 1997 Rev Bud; 91-1, 92-1, 94-1 PM INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12053 Fidelity Institutional Cash 196,708.00 196,708.00 196,708.00 5.410 5.336 5.410 12058 Fidelity Institutional Cash 66.00 66.00 66.00 5.490 5.395 5.470 SUBTOTALS and AVERAGES 196,774.00 196,774.00 196,774.0D 5.336 5.410 1 TOTAL INVESTMENTS and AVG. $ 196,774.00 196,774.00 196,774.00 5.336% 5.410% 1 06/01/1998 1997 Rev End, 91-1, 92-1, 94-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CASH WITH TRUSTEE -FIRST TRUST 24012 Cash with Trustee 0.72 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 196,774.72 06/01/1998 Library Foundation PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED YTM MATUR:T1' 'SAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO A TOTAL INVESTMENTS and AVG. $ 0.00 0.00 0.00 0.000% 0.000% 0 06/01/1998 Library Foundation PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CCITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13005 Library Foundation - UBC 10,000.00 0.000 0.000 0.000 TOTAL CASH and INVESTMENTS $ 10,000.00 06/01/1998 City General Fund PM - 2 INVESTMENT PORTFOLIO ➢ETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT LOCAL AGENCY INVESTMENT FUNDS 12000 Local Agency Investment Fun 19,345,000.00 19,345,000.00 19,345,000.00 5.672 5.594 5-672 PASSBOOK/CHECKING ACCOUNTS '13007 Main Account (Sweep) - UBC 8,238,033.30 8,238,033.30 8,238,033.30 4.620 4.557 4.620 1 • FEDERAL AGENCY ISSUES - COUPON 14016 Federal Farm Credit Bank 00/04/97 3,000,000.00 3,000,000.00 3,012,187.50 6.000 6.000 6.083 08/04/00 826 14007 Federal Home Loan Bank 10/24/96 3,996,270.60 4,000,000.00 4,001,250.00 5.820 6.019 6.102 11/02/98 185 14020 Federal Home Loan Bank 01/14/98 3,000,000.00 3,000,000.00 2,991,562.50 5.802 5.802 5.883 01/14/00 623 14022 Federal Home Loan Bank 01/09/98 1,998,937.50 2,000,000.00 1,992,500.00 6.105 6.145 6.231 01/09/02 1.349 14024 Federal Home Loan Bank 03/03/98 2,999,116.07 3,000,000.00 2,981,250.00 5.935 5.998 6.081 02/13/01 1.019 14021 Federal National Mortgage A 01/05/98 997,450.00 1,000,000.00 997,187.50 5.230 5.689 5.768 11/25/98 208 14023 Federal National Mortgage A 01/14/98 2,000,000.00 2,000,000.00 1,986,250.00 6.010 5.928 6.010 01/14/03 1,719 14018 Tennessee Valley Authority 09/09/97 1,000,400.44 1,000,000.00 990,937.50 5.950 5.836 5.917 09/15/99 147 SUBTOTALS and AVERAGES 18,992,174.61 18,953,125.00 19,000,000.00 5.955 6.038 770 TREASURY SECURITIES - COUPON 16034 United States Treasury 05/31/96 1,999,923.56 2,000,000.00 2,001,250.00 6.000 5.967 6.050 05/31/98 30 16036 United States Treasury 06/26/96 2,996,241.59 3,000,000.00 3,003,750.00 5.875 6.252 6.338 08/15/98 106 16037 United States Treasury 06/26/96 2,979,569.74 3,000,000.00 2,991,562.50 5.125 6.314 6.402 11/30/08 213 16045 United States Treasury 09/05/96 1,998,553.88 2,000,000.00 2,005,000.00 6.125 6.270 6.350 08/31/98 122 16047 United States Treasury 05/01/97 2,002,184.50 2,000,000.00 2,016,875.00 6.375 6.171 6.257 04/30/99 364 16048 United States Treasury 03/21/97 1,982,096.35 2,000,000.00 1,991,875.00 5.000 6.124 6.209 02/15/99 290 SUBTOTALS and AVERAGES 13,958,569.62 14,010,312.50 14,000,000.00 6.197 6.283 183 TOTAL INVESTMENTS and AVG. $ 60,533,777.53 60,546,470.80 60,583,033.30 5.705% 5.785% 284 06/01/1998 City General Fund PM - 3 INVESTMENT PORTFOLIO-DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT • PASSBOOK/CHECKING ACCOUNTS 13000 City Main Account - BofA 0.00 0.000 0.000 0.000 13002 Bank of America - Savings 0.00 2.000 1.973 2.000 13006 City Main Account - UBC -296,477.49 0.000 0.000 0.COO SUBTOTALS and AVERAGES -296,477.49 - 0.000 0.000 Accrued Interest at Purchase 15,702.78 TOTAL CASH $ -280,774.71 TOTAL CASH and INVESTMENTS $ 60,253,002.82 06/01/1998 CITY LOAN TO RDA PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT CITY LOAN TO RDA 12001 Redevelopment Agency-Loan 07/01/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 07/01/01 1,157 TOTAL INVESTMENTS and AVG. $ 19,000,000.00 19,000,000.00 19,000,000.00 5.4621 5.5381 1.157 • 06/01/1998 Office Complex PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13012 Office Complex (Sweep) - UB 590,576.81 590,5/6.81 590,576.81 4.670 4.606 4.670 1 TOTAL INVESTMENTS and AVG. $ 590,576.81 590,576.81 590,576.81 4.606% 4.670W 1 • • 08/01/1998 Office Complex PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY APRIL 30, 1998 ACCRUAL INVESTMENT PURCHASE STATED --- YTM MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS • 13003 Office Complex Checking - BofA 0.00 0.000 0.000 0.000 13004 Office Complex Trust. - BofA 0.00 0.000 0 000 0.00C 13008 Office Complex Checking - UBC 50,953.11 • 0.000 0.000 0.000 13011 Office Complex Trust - UBC 23,990.41 0.000 0.000 0.000 SUBTOTALS and AVERAGES 74,943.52 0.000 0.000 • TOTAL CASH and INVESTMENTS $ 665,520.33 05/27/1998 .. City c_ Par-ssert AG - _ CITY AGING OF MATURING INVESTMENTS ACCRU:.l Number of Book Value Pert- c c: Aging Interval Date Investments -u---_-_= 1 - 30 days 05/28/1998 - 06/26/1998 77 36,996,206.72 a 31 - 60 days 06/27/1998 - 07/26/1998 0 0.0C 61 - 90 days 07/27/1998 - 08/25/1998 2 3,481,737.04 2.2_ 91 - 180 days 08/26/1998 - 11/23C.998 6 8,852,652.45 6 _. 181 - 365 days 11/24/1998 - 05/27/1999 7 10,028,749.15 366 - 730 days 05/28/1999 - 05/26/2000 14 21,912,233.53 731 - 1095 days 05/27/2000 - 05/26/2001 6 7,249,555.03 = -= 1096 - 1460 days 05/27/2001 - 05/26/2002 7 22,479,374.38 It 5.. 1461 - 1825 days 05/27/2002 - 05/26/2003 6 23,754,650.2: :7 1825 days and after 05/26/2003 - 0 0.0: TOTALS 125 4 134,755,158.4E --. -- 1 _. , ■ io 5 sq 3r l o 1 .8. e a � a it 21° A a 51 ' ,- C I: — m e Ia a 7 0 4 F 3 e n a ss [ ! $ NO fiL f W I .. d F p. W C 9 Q Q N i � Ft. n T a, mmilliMNINNIMIMI n. 8 v v 1 ',umxw.aw i g 8 8 m 8 8 m 8 8 8 8 N t , $ ry $ M $ rn %n n v, w o Po a - e n! � o o T' 2'x g 8 8 8 8 8 a 8 8 8 8 - a L .2 is s " N8NN , P', R m § 8 M m`° o2 c .. QQ r 8 = 8, 4 , + a v E 6 vi m w. m 5 5 O N m of m o ' o m a . �;. z 8 8 m 88 88 2 8 8 8 u�i 2 u o - d w - 0 a `" 00 2, 8o 0 " w - 8 �. vi u, u, v. m E B , 3 o _ m >,� . 0- 6 - &` a m � a ° m 4, g •a o ` o LL $ - Z fr a - t . . . 7 d E I ¢ w S 3 3