HomeMy WebLinkAbout12 JUNE 1998 L
Veronica Abarca
AGENDA
INVESTMENT & FINANCE COMMITTEE
WEDNESDAY, June 17, 1998-- 11:00 A.M.
NORTH WING CONFERENCE ROOM
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CALL TO ORDER
II. ROLL CALL
III. APPROVAL OF MINUTES
Rec: Approve the Minutes of April 15, 1998 as submitted. May 20, 1998
meeting was adjourned due to lack of quorum.
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.
AGENDA- INVESTMENT & FINANCE COMMITTEE June 17, 1998
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Action:
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.
Action:
B. Review Short Term Investments Maturing in June, 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. Monthly Financial Report for City Council
Rec: Report and submit to City Council.
Action:
E. Parkview Professional Office Buildings- Financial Reports
Rec: Review of 5/31/98 financial statements.
Action:
AGENDA - INVESTMENT & FINANCE COMMITTEE June 17, 1998
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F. Desert Willow Golf Resort Financial Information for May
Rec: Review and file report.
Action:
G. Palm Desert Recreation Facilities Corporation Income Analysis for
May
Rec: Review and file report.
Action:
VII. REPORTS AND REMARKS
A. Reports and Remarks by any Committee Member
B. Items to beplaced on the Next Agenda
VIII. NEXT MEETING DATE
Next regularly��7 scheduled meeting is:
�.Y\7,P,dIF,iMCu $1y7, i.!i1. 1\4 ... 1S91;Sy «;. CO i „121,
IX. ADJOURNMENT
t Minutes
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f4, " 07'6?
Finance Committee
na- r
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 Bighorn, 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.
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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 need 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.
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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
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Minutes
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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
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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
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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. Reports 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,
", tit • k
Diane L. Hines
Recording Secretary
•
STATE OF CALIFORNIA
MATT FONG,Treasurer
OFFICE OF THE TREASURER 1 ,•�
SACRAMENTO = �y
` ,
LOCAL AGENCY INVESTMENT FUND
P.O. BOX 942809
Date: 04/30/96 SACRAMENTO, CA 94209-0001
Page: 01 APRIL, 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
04/15/98 04/14/98 DD 743 SYS $253, 180.97 $20, 095,403.88
04/23/98 04/23/98 RW 744 PSG -$750,403 .88 $19, 345, 000.00
ENDING BALANCE - REG $19, 345, 000.00
GRAND TOTAL $19, 345,000. 00
SUMMARY
TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT
REG 1 $253, 180.97 -$750,403.88
e vA/Jt
POOLED MONEY INVESTMENT ACCOUNT
SUMMARY OF INVESTMENT DATA
A COMPARISON OF APRIL 1998 WITH APRIL 1997
(Dollars in Thousands)
APRIL 1998 APRIL 1997 CHANGE
Average Daily Portfolio $29,141,554 $27,976,577 +$1,164,977
Accrued Earnings $135,861 $129,040 +$6,821
Effective Yield 5.672 5.612 +.06
Average Life—Month End(in days) 185 227 -42
Total Security Transactions
Amount $21,130,580 $20,206,701 +$923,879
Number 490 470 +20
Total Time Deposit Transactions
Amount $708,600 $237,190 +$471,410
Number 43 30 +13
Average Workday Investment Activity $992,690 $929,268 +$63,422
Prescribed Demand Account Balances
For Services $147,112 $135,537 +$11,575
For Uncollected Funds $256,261 $228,662 +$27,599
LOCAL AGENCY INVESTMENT FUND*
SUMMARY OF ACTIVITY
APRIL 1998
BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE
$11,242;636,815.41 $1,837,550,603.17 $1,111,103,888.76 $11,969,083,529.82
*Local Agency Investment Fund Invested Through Pooled Money Investment Account
State of California
Pooled Money Investment Account
Market Valuation
4/30/98
Description ..; . . _Carrying Cost Plus W :.Estimated-:
„ . =Accrued`interest`Purch. 4a.cMarket-Value _Accrued Interest
United States Treasury:
Bills $ 2,611,189,781.00 $ 2,666,575,499.96 NA
Strips $ 73,184,450.00 $ 94,814,850.00 NA
Notes $ 4,784,934,866.37 $ 4,788,601,800.00 $ 66,295,031.09
Federal Agency:
Bonds $ 1,686,013,619.91 $ 1,685,492,692.30 $ 21,449,036.90
Floaters $ 170,000,000.00 $ 169,887,300.00 $ 2,015,980.40
MBS $ 135,914,312.02 $ 136,290,320.63 $ 801,554.70
GNMA $ 2,395,191.15 $ 2,748,674.57 $ 23,668.91
SBA $ 220,962,834.51 $ 222,679,651.58 $ 2,210,760.58
FHLMC PC $ 23,547,027.89 $ 25,187,278.23 $ 378,127.96
Discount Notes $ 1,196,606,353.02 $ 1,225,773,105.56 NA
Bankers Acceptances $ 280,692,045.13 $ 280,692,045.13 NA
Corporate:
Bonds $ 979,129,611.58 $ 978,795,096.93 $ 12,569,258.44
Floaters $ 571,528,066.67 $ 572,181,982.50 $ 4,183,730.12
CDs $ 7,229,699,443.58 $ 7,225,722,049.66 $ 4,670,942.77
Bank Notes $ 1,425,000,000.00 $ 1,424,935,039.00 $ 739,111.10
Repurchase Agreements $ - $ - NA
Time Deposits $ 1,416,390,000.00 $ 1,416,390,000.00 NA
AB 55& GF Loans $ 1,711,742,505.00 $ 1,711,742,505.00 NA
Commercial Paper $ 8,994,653,173.34 $ 8,997,374,979.44 NA
Reverse Repurchase $ (676,432,500.00) $ (676,432,500.00) ($4,021,476.57)
TOTAL $ 32,837,150,781.17 $ 32,949,452,370.49 $ 111,315,726.40
Estimated Market Value Including Accrued Interest $ 33,060,768,096.89
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.
7: - 111013111 / /X'(t'.Slc'IIC't'
LAIF
_EWS
f ulr c.stnzc°nt infoin>aleor?
/Pau /99,S
INew Implementation Guide
Guide to Implementation of GASB
LAIF RAISES LIMIT Statement 31 on Accounting and Financial
TO $30 MILLION Reporting for Certain Investments and for
External Investment Pools
The State Treasurer's Office (STO)
received requests from Local Agency This Implementation Guide was developed
Investment Fund (LAIF) participants to to assist preparers and attestors of Statement
raise the limit on the regular account 31 . It is intended to serve as a reference and
balance. In response to these requests, an instructional tool. The Guide contains over
the STO is pleased to announce that the 120 questions and answers submitted by
LAIF will raise the limit of total funds brokers, dealers, banks, external and internal pool
placed in an agency's regular account managers, and various other governmental
balance from its current maximum of $20 respondents. The Board submitted a number of
million to $30 million, effective July 1, items where additional clarification was
1998. The number of transactions necessary.
(deposits or withdrawals) will remain at Following the release of the Statement in
10 per month. final form in March 1997, Treasurer Fong strongly
The LAIF allows local governmental urged the Board Chairman, Tom Allen, to
agencies to voluntarily invest money with consider the need for further education and
the state and affords them the clarification for the benefit of all reporting and
opportunity to earn higher rates on their participating governmental entities. Through the
investments by pooling their money with Treasurer's persistent efforts, specifically on
the state's $33 billion investment fund. behalf of all levels of government in California,
The LAIF currently has $11.9 an advisory committee was selected by GASB.
billion in deposits and 2,561 participants. Treasurer Fong was an active participant on that
The STO strives to continue to provide committee.
local governments with a successful and Though this office does not necessarily
affordable investment alternative. approve of or agree with all of the information
contained in the Guideline, the requirements will
be followed in the 1997/98 statement of financial
condition.
9 Q
e • `� To assist those local agencies interested
• u@$tIons, in acquiring an individual copy of the Guideline
• in a timely manner, LAIF staff has provided a
Do you have a question you would like to ask the GASB order form. For those who are anxious
Treasurer? Send it to the Local Agency Investment to receive a copy, the Guideline (GQA31) can
Fund, PO Box 942809, Sacramento, California be purchased by telephone at (203) 847-0700,
94209-0001. ext. 555, or by facsimile at (203) 847-6045.
State Treasurer Matt Fon!, Phone (916) 65 3-3001
Local AgencV Investment Fund Fax (9I6) 65-t-9931
PO Box 942809, Sacramento, CA ')-009-0001 http /'www,treasurer.ca.gov
New lmplementtgion Guide r: sB
Guide to Implementation of GASS Statement 31 on Accounting and Financial-Reporting
for Certain Investments and for External investment Pools
Implementation Guides,authored by GASB staff,explain how to apply selected GASB Statements.The guides are
in a question-and-answer format and are organized based on the general topics in each Statement. Each guide
includes the full text of the Standards section of the Statement(as an appendix)as well as a topical index and cross-
references to aid the reader in identifying issues. The new guide on investments contains:
• More than 120 questions and answers that address
pension reporting and disclosure issues
• Appendixes covering Introduction. Standards section, MN
Glossary, and illustrations from Statement Si
• Questions and answers that are cross-referenced (when ' "� �" m
applicable) to the appropriate paragraph of the �" "
Statement ``-��=z .`.a..
In addition, the following guides are also available: '��+�
• Guide to implementation of GASH Statement.3.on
Deposits with Financial Institutions, Investments(induct e-.�.r,,,, ' tet
ing Repurchase Agreements), and Reverse Repurchase ��
Agreements
• Guide to Implementation of GASH Statement 9 on Reporting ,,..---+
Cash Flows of Proprietary and Nonexpendable Trust Funds .=-e
and Governmental Entities That Use Proprietary Fund o ......`-:•mia.
Accounting - '--...�
• Guide to Implementation of GASH Statement 10 on Accounting 1 car-
and —...
and Financial Reporting for Risk Financing and Related awe
Insurance Issues
r• ___�•G.
• Guide to Implementation of GASS Statement 14 on the Financial �
Reporting Entity
• Guide to implementation of GASB Statements 25, 26, and 27 on Pension Reporting and Disclosure by State and Local
Government Plans and Employers .
The Implementation Guides are S24.00 per copy Q Enclosed is my check for$ , payable to GASS. AR4.98
(S19.20 for academe and FAF-GASB members).' (Connecticut orders, please add 694 sales tax.)
Please send copies of the Guide to Imple Mail with check to: GASB, P.O. Box 30784, Hanford, CT 06150
mentation of GASB Statement 31 (GOA31) O Please charge to credit card-check one:
Please send copies of the Guide to Imple O VISA CI MasterCard
mentation of GASH Statements 25, 26. and 27 Acct. No. _ __/____/ ___/_
(GOA25-27) Expiration Date: Month Year
Please send copies of the Guide to imp/e• Mail credit card orders to: GASB, 401 Merritt 7, P.O. Box 5116,
mentation of GASB Statement 14 (GOA14) Norwalk. CT 06856-5176
Please send copies of the Guide to Imple-
mentation of GASH Statement 10(GOA10) Name Title
Please send copies of the Guide to imple-
mentation of GASH Statement 9 (GOA09) Organization
•
Please send copies of the Guide to Imple-
mentation of GASB Statement 3 (GOA03) Street Address(No P.O.Box Numbers)
'Foreign crows odd 50%surcharge—for Canada. Mexico.and City/Mete/Zip Phone:Area Ccce/Number
U.S.possessions,domestic price applies.Quantity dscownta are
available for 20 or more coon:contact the Order Deparonern for
Curtner information at(203)847.0700.extension 555.
Fax Number
STATE OF CALIFORNIA MATT FONG, Treasurer
OFFICE OF THE TREASURER
SACRAMENTO ,��
i �*f
LOCAL AGENCY INVESTMENT FUND
P.O. BOX 942809
Date: 04/30/98 SACRAMENTO, CA 94209-0001
Page: 01 APRIL, 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
04/15/98 04/14/98 DD 733 SYS $201,442 . 16 $14,562, 151 .25
ENDING BALANCE - REG $14,562, 151 .25
GRAND TOTAL $14,562, 151.25
SUMMARY
TRAN COUNT TOTAL DEPOSIT AMT TOTAL WITHDRAWAL AMT
REG 0 $201, 442 . 16 $0 .00
eft. VWJL
POOLED MONEY INVESTMENT ACCOUNT
SUMMARY OF INVESTMENT DATA
A COMPARISON OF APRIL 1998 WITH APRIL 1997
(Dollars in Thousands)
APRIL 1998 APRIL 1997 CHANGE
Average Daily Portfolio $29,141,554 $27,976,577 +$1,164,977
Accrued Earnings $I35,861 $129,040 +$6,821
Effective Yield 5.672 5.612 +.06
Average Life—Month End(in days) 185 227 -42
Total Security Transactions
Amount $21,130,580 $20,206,701 +$923,879
Number 490 470 +20
Total Time Deposit Transactions
Amount $708,600 $237,190 +$471,410
Number 43 30 +13
Avenge Workday Investment Activity $992,690 $929,268 +$63,422
Prescribed Demand Account Balances
For Services $147,112 $135,537 +$11,575
For Uncollected Funds $256,261 $228,662 +$27,599
LOCAL AGENCY INVESTMENT FUND*
SUMMARY OF ACTIVITY
APRIL 1998
BEGINNING BALANCE DEPOSITS WITHDRAWALS MONTH END BALANCE
$11,242,636,815.41 $1,837,550,603.17 $1,111,103,888.76 $11,969,083,529.82
"Local Agency Investment Fund Invested Through Pooled Money Investment Account
State of California
Pooled Money Investment Account
Market Valuation
4/30/98
Description = - Carrying Cost Plus r'a*SEstimated° ,f4t r ,,
"-Accrued'Interes;t'Purch :-- =Miuket Value. �,.=Accrued interest
United States Treasury:
Bills $ 2,611,189,781.00 $ 2,666,575,499.96 NA
Strips $ 73,184,450.00 $ 94,814,850.00 NA
Notes $ 4,784,934,866.37 $ 4,788,601,800.00 $ 66,295,031.09
Federal Agency:
Bonds $ 1,686,013,619.91 $ 1,685,492,692.30 $ 21,449,036.90
Floaters $ 170,000,000.00 $ 169,887,300.00 $ 2,015,980.40
MBS $ 135,914,312.02 $ 136,290,320.63 $ 801,554.70
GNMA $ 2,395,191.15 $ 2,748,674.57 $ 23,668.91
SBA $ 220,962,834.51 $ 222,679,651.58 $ 2,210,760.58
FHLMC PC $ 23,547,027.89 $ 25,187,278.23 $ 378,127.96
Discount Notes $ 1,196,606,353.02 $ 1,225,773,105.56 NA
Bankers Acceptances $ 280,692,045.13 $ 280,692,045.13 NA
Corporate:
Bonds $ 979,129,611.58 $ 97%795,096.93 $ 12,569,258.44
Floaters $ 571,528,066.67 $ 572,181,982.50 $ 4,183,730.12
CDs $ 7,229,699,443.58 $ 7,225,722,049.66 $ 4,670,942.77
Bank Notes $ 1,425,000,000.00 $ 1,424,935,039.00 $ 739,111.10
Repurchase Agreements $ - $ - NA
Time Deposits $ 1,416,390,000.00 $ 1,416,390,000.00 NA
AB 55&GF Loans $ 1,711,742,505.00 $ 1,711,742,505.00 NA
Commercial Paper $ 8,994,653,173.34 $ 8,997,374,979.44 NA
Reverse Repurchase $ (676,432,500.00) $ (676,432,500.00) ($4,021,476.57)
TOTAL $ 32,837,150,781.17 $ 32,949,452,370.49 $ 111,315,726.40
Estimated Market Value Including Accrued Interest $ 33,060,768,096.89
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.
( m-an./l ,/ PC'flks/elt r
LAALI1 �'/ I!?� C'SI!!?C'!1t Il1f�i!'ll1QIIUI7
Plat l09,S'
New Implementation Guide
Guide to Implementation of GASB
LAIF RAISES LIMIT Statement 31 on Accounting and Financial
TO $30 MILLION Reporting for Certain Investments and for
External Investment Pools
The State Treasurer's Office (STO)
received requests from Local Agency This Implementation Guide was developed
Investment Fund (LAIF) participants to to assist preparers and attestors of Statement
raise the limit on the regular account 31 . It is intended to serve as a reference and
balance. In response to these requests, an instructional tool. The Guide contains over
the STO is pleased to announce that the 120 questions and answers submitted by
LAIF will raise the limit of total funds brokers, dealers, banks, external and internal pool
placed in an agency's regular account managers, and various other governmental
balance from its current maximum of $20 respondents. The Board submitted a number of
million to $30 million, effective July 1, items where additional clarification was
1998. The number of transactions necessary.
(deposits or withdrawals) will remain at Following the release of the Statement in
10 per month. final form in March 1997, Treasurer Fong strongly
The LAIF allows local governmental urged the Board Chairman, Tom Allen, to
agencies to voluntarily invest money with consider the need for further education and
the state and affords them the clarification for the benefit of all reporting and
opportunity to earn higher rates on their participating governmental entities. Through the
investments by pooling their money with Treasurer's persistent efforts, specifically on
the state's $33 billion investment fund. behalf of all levels of government in California,
The LAIF currently has $11.9 an advisory committee was selected by GASB.
billion in deposits and 2,561 participants. Treasurer Fong was an active participant on that
The STO strives to continue to provide committee.
local governments with a successful and Though this office does not necessarily
affordable investment alternative. approve of or agree with all of the information
contained in the Guideline, the requirements will
be followed in the 1997/98 statement of financial
condition.
9 QUestio _� To assist those local agencies interested
• 9nS1 in acquiring an individual copy of the Guideline
in a timely manner, LAIF staff has provided a
Do you have a question you would like to ask the GASB order form. For those who are anxious
Treasurer? Send it to the Local Agency Investment to receive a copy, the Guideline (GQA31) can
Fund, PO Box 942809, Sacramento, California be purchased by telephone at (203) 847-0700,
94209-0001. ext. 555, or by facsimile at (203) 847-6045.
State Treasurer Matt Fong Phone (916) 653-3001
Local Auency Investment Fund Fax (916) 654-9931
PA. Box 942S09, Sacramento, CA 041'09-0001 http.,'A nvw_treasurercagov
New bnplementadon Guide r G SB
Guide to Implementation of GASB Statement 31 on Accounting and Financial-Reporting
for Certain Investments and for External Investment Pools
Implementation Guides,authored by GASB staff,explain how to apply selected GASB Statements.The guides are
in a question-and-answer format and are organized based on the general topics in each Statement. Each guide
includes the full text of the Standards section of the Statement(as an appendix)as well as a topical index and cross-
references to aid the reader in identifying issues. The new guide on investments contains:
• More than 120 questions and answers that address
pension reporting end disclosure issues
• Appendixes covering Introduction, Standards section,
Glossary, and illustrations from Statement 31Orem vi
_ _
• Questions and answers that are cross-referenced (when "=��" +�._
applicable) to the appropriate paragraph of the
Statement
se. 443/44
In addition, the following guides are also available:
• Guide to Implementation of GASB Statement 3 on
sonici
Deposits with Financial Institutions, Investments (include
ing Repurchase Agreements), and Reverse Repurchase
Agreements
• Guide to Implementation of GASH Statement 9 on Reporting
Cash Flows of Proprietary and Nonexpendable Trust Funds 1.1
. .:%—
and Governmental Entities That Use Proprietary Fund r �.. ,,.
Accounting ^✓
✓"
• Guide to Implementation of GASB Statement 10 on Accounting m,� �•'••+
and Financial Reporting for Risk Financing and Relatedro
Insurance Issues
• Guide to Implementation of GASH Statement 14 on the Financial
Reporting Entity
• Guide to Implementation of GASH Statements 25. 26, end 27 on Pension Reporting and Disclosure by State and Local
Government Plans and Employers
The Implementation Guides are S24.00 per copy Q Enclosed myischeck for S ARa.98
payable to GASB.
(S19.20 for academe and FAF-GASB members).' (Connecticut orders, please add 6%sales tax.)
Please send copies of the Guide to Imp* with check to: GASS, P.O. Box 30764, Hanford. CT 06150
mentation of GASB Statement 31 (GOA31) Q Please charge to credit card—check one:
Q VISA Q MasterCard
Please send copies of the Guide to Imple-
mentation of GASS Statements 25, 26. and 27 Acct. No. __/____
(GOA25-27) Expiration Date: Month _ Year
Please send copies of the Guide to 'melee Mail credit card orders to: GASB, 401 Merritt 7. P.O. Box 5116,
mentation of GASB Statement 14 (GOAta) Norwalk, CT 06856-5116
Please send copies of the Guide to lmp/e- Name Tine
mentation of GASB Statement 10(GOA10)
Please send copies of the Guide to imp/e- OryaNxstion
mentation of GASS Statement 9 (GOA09)
Please send copies of the Guide to!mole-
Street Address(No P.O.Box Numbers)
mentation of GASH Statement 3 (GOA03)
•
'Foreign orders add 50% surcharge--lor Canada. Mexico. and City/State/Zip - Phone:Area Code/Number
U.S.possessions.domestic price applies.Quantity discounts are
available for 20 or more copies;contact the Order Department for
runner information at(203)847-0700.extension 555.
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PALM DESERT REDEVELOPMENT f ICY
COMBINED STATEMENT OF ACTUAL
REVENUES&EXPENDITURES
COMPARED TO BUDGET
31-May-98
RDA RDA %of (FAV)UNFAV
Budget YTD Budget Actual YTD Budget Variance
REVENUES
1 Tax increment* 24,328,200.00 22,300,850.00 25,582,622.99 114.72% (3,281,772.99)
2 Interest 1,904,000.00 1,745,333.33 3,481,674.70 199.48% (1,736,341.37)
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 -695,750.00 629,509.41 90.48% 66,240.59
4 Other Revenue 364,000.00 333,666.67 1,364,222.46 408.860/0 (1,030,555.79)
TOTAL REVENUES 27,355,200.00 25,075,600.00 42,420,149.56 169.17% (17,344,549.56)
FAV(UNFAV)
EXPENDITURES Variance
Administrative Costs 1,318,200.00 1,208,350,00 751,196.63 62.17% 457,153.37
Professional Services 2,160,613.00 1,980,561.92 649,415.13 32.79% 1,331,146.79
Property Tax Administrative Fee 563,900.00 516,908.33 411,552.10 79.62% 105,356.23
Cost of Inventory Sold
Capital Outlay - 97,300.00 89,191.67 0.00 0.00% 89,191.67
Deep Canyon&Hwy 111 8,241.00 7,554.25 14,141.93 187.20% (6,587.68)
Parking-The Gardens 5,000,000.00 4,583,333.33 0.00 0.00% 4,583,333.33
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 HI-Landscape 60,000.00 55,000.00 0.00 0.00% 55,000.00
Desert Crossing Public Improvement 43,450.00 39,829.17 0.00 0.00% 39,829.17
Desert Willow-P#1 8,001,478.00 7,334,688.17 0.00 0.00% 7,334,688.17
North Sphere Infrastructure 26,555,050.00 24,342,129.17 7,859,726.09 32.29% 16,482,403.08
Desert Willow P#2 14,899,120.00 13,657,526.67 2,435,727.32 17.83% 11,221,799.35
P#4 Street Improvements 1,011,129.00 926,868.25 480,166.49 51.81% 446,701.76
6 Desert Rose 131,002.00 120,085.17 5,221,711.32 0.00% (5,101,626.15)
Air Quality Management 200,000.00 183,333.33 53,635.82 0.00% 129,697.51
Office Equipment 5,000.00 4,583.33 806.86 17.60% 3,776.47
Hwy 74 and Hwy 111 Improvements 0.00 0.00 0.00 0.00% 0.00
Land Purchases/Bldg improvements 1,179,752.42 1,081,439.72 163,665.82 0.00% 917,773.90
Housing Subsidies 0.00 0.00 0.00 0.00% 0.00
AHA Housing Subsidies 4,315,000.00 3,955,416.67 849,430.94 21.48% 3,105,985.73
Desert Rose Subsidies 200,000.00 183,333.33 0.00 0.00% 183,333.33
Decline in Value on Inventory Held
For Resale
Payments to Other Governmental Agencies 6,978,400.00 6,396,866.67 2,132,630.91 33.34% 4,264,235.76
7 Bond Issuance Costs 0.00 0.00 1,731,943.27 0.00% (1,731,943.27)
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 9,736,833.33 14,641,734.51 150.37% (4,904,901.18)
5 Principal Payments 2,430,000.00 2,227,500.00 5,320,000.00 238.83% (3,092,500.00)
TOTAL EXPENDITURES 86,037,354.42 78,889,051.47 44,200,603.17 56.03% 34,688,448.30
TAX INCREMENT REVENUE ARE USED TO PAY DEBT SERVICE PAYMENTS.
1 Tax Increment is paid in Jan and May of each year.
2 Most interest revenue is based on investments held and is recorded at maturity.
3 Reimbursements are received at various times during the year.
4 Other Revenue is received at various times during the year.
5 Principal and Interest Payments are made twice a year with the exception
of the Dutch Auction Bonds which pay every 35 days.One refunding.
and two new issues were done in the current year,raising interest and principal payments
6 Desert Rose Expenses are offset by the Sates of Homes recorded under Revenue.
7 Costs associated with refunding an existing bond issue. Paid from bond proceeds.
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City of Palm Desert
Parkview Professional Office Building
Analysis of
Budget to Actual for the Month of May 1998
May-98 May-98 # '%i YTD YID # 'y"
Budget Actual Variance Variance Budget Actual Variance Variance
Revenues
Rental $ 58,892 $ 57,117 $ (1,775) 96.99%.r. $ 647,808 $ 662,597 $ 14.789 10228%
Dividends/Interest $ - $ 2,345 $ 2,345 100.00%y $ - $ 16,912 $ 16,912 10000%
Total Revenues $ 58,892 $ 59,462 $ 570 100.97% $ 647,808 $ 679,509 $ 31,701 104.89'"
Ij
• Expenses 9 -
professional-Accounting&Auditing $ 2,000 $ 1,746 $ 254 8730%3 $ 22,000 $ 27,968 $ (5,968) 127.13%
Professional-Management Fee $ 5,500 $ 5,500 $ - 100.00%k $ 43,000 $ 50,982 5 (7,982) 118.56%
Professional-Other Consultants $ - $ 1,414 $ (1,414) 100.00% ' $ $ 10,167 $ (10,167) 100.00%
Repairs&Maintenance Building $ 6,506 $ 17,018 $ (10,512) 261.59%I, $ 89,063 $ 99,509 $ (10,446) 111.73%
Repairs&Maintenance-Landscaping $ 1,079 $ - $ 1,079 0.00Y ,, $ 11,869 $ $ 11,869 0.00%
Utilities-Water $ 78 $ 134 $ (57) 172.9.4%3 $ 853 $ 1,221 $ (368) 143.14%
Utilities-Gas/Electric $ 4,238 $ 2,888 $ 1,350 68.14% ,, $ 46,613 $ 42,496 $ 4,117 91.17%
Utilities-Trash $ 496 $ 816 $ (320) 164.55%3, $ 5,454 $ 5,802 $ (348) 106.38%
Telephone 5 229_ $ 31 $ 199 13.32% ' $ 2,521 $ 1,673 $ 848 66.36%
Insurance $ 521 $ - $ 521 0.00%]' $ 5,729 $ $ 5,729 0.00%
Total Expenses $ 20,646 $ 29,546 $ (8,901) 143.11'%%41 $ 227,102 $ 239,818 $ (12,716) 105.608%
Operating Income $ 38,246 $ 29,916 $ (8,330) 78.22%II. $ 420,706 $ 439,691 $ 18,985 104.5118,
Depreciation $ 8,083 $ 9,186 $ (1,103) 113.64%p $ 88,917 $ 101,045 $ (12,128) 113.64% ,
C'.
Operating Net Income $ 30,163 $ 20,730 $ (9,433) 68.73% 3 $ 331,789 $ 338,646 $ 6,857 102.0T%%
S
Prior Year Adjustments* $ - $ - $ - 0.00% $ - $ (23,362) $ 23,362 100.00%
f
. /1 .r :e .... 'S fli ' ''-ci..,'( In s,- ilit { a '.a62,e ,$ 30;219 "loe.11%.
Y'
,
)
Al
*Prior period adjustments represent excess CAMs reimbursed to the tenants,and the property tax refunded to PDOC for property tax paid March 1996.
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City Of Palm Desert
Desert Willow Golf Course
Budget Vs.Actual For the Month of May 1998
May-98 May-98 $Variance %Var YTD YTD $Variance %Var
Revenue Budgeted Actual Current Current Budget Actual YTD YTD
Golf Course Fee $203,089 $203,143 $54 100.03% $2,431,803 $2,365,508 ($66.295) 97.27'X.
Cart Fee $2,800 $2,650 ($150) 94.64% $20,399 S27,624 S7.225 135.42%
Pro Shop $35,650 $32,170 ($3,480) 90.24% $331,000 $315,556 ($15,4441 95.33%
Range $5,075 $1,385 ($3,690) 27.29% $48,656 534,639 ($14,017) 71.19%
Food&Beverages $19,900 $29,005 $9,105 145.75% $195,650 $221,666 $26,016 113.30%
Learning Center $22,000 $29,756 $7,756 135.25% $100,000 $236,514 $136,514 236.51%
Other Revenue $200 $2,801 $2,601 1400.50% $1,550 $17,138 $15,588 1105.68%
Total $288,714 $300,910 $12,196 104.22% $3,129,058 $3,218,645 $89,587 102.86%
Expenditures
Salaries and Benefits $118,192 $146,295 ($28,103) 123.78% $1,218,215 $1,223,242 ($5,027) 100.41%
Golf Course Maintenance $84,527 $76,340 $8,187 90.31% $637,034 $659,112 ($22,078) 103.47%
Cart Expenses $10,608 $11,097 ($489) 104.61% $106,888 $113,995 ($7,107) 106.65%
Pro Shop Expenses $1,450 $3,903 ($2,453) 269.17% $74,708 $76,974 ($2,266) 103.03%
Pro Golf Shop Cost of Goods Sold $18,344 $18,130 $214 98.83% SI 82.268 $167,685 $14,583 92.00%
Range Expenses $175 $181 ($6) 103.43% $3,600 $9,567 ($5,967) 265.75%
Food&Bev.Expenses $6,135 ($3,537) $9,672 -57.65% $38,760 $41,507 ($2,747) 107.09%
Food&Bev.Cost of Goods Sold $9,870 $11,496 ($1,626) 116.47% $84,334 $93,000 (S8,666) 110.28%
General&Administration Expenses $39,140 $32,953 $6,187 84.19% $300,920 $317,935 (SI 7,015) 105.65%
Learning Center $20,000 $26,406 ($6,406) 132.03% $80,000 $223,194 ($143,194) 278.99%
Management Fee $12,500 $12,500 $0 100.00% $137,500 $137,500 $0 100.00%
Depreciation Expense $37,876 $28,345 $9,531 74.84% $302,265 $311,795 ($9,530) 103.15%
Capital Expense $0 $2,514 ($2,514) 100.00% $0 $66,796 ($66.796) 100.00%
Interest $3,004 $0 $3,004 0.00% $33,047 $0 $33,047 0.00%
Total $361,821 $366,623 ($4,802) 101.33% $3,199,539 $3,442,302 ($242,763) 107.59%
Net Profit(Loss) ($73,107) ($65,713) $7,394 89.89% ($70,481) ($223,657) ($153,176) 317.33°
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Pa. Desert Recreational Facilities Corpora
Monthly Income Analysis
For May 1998
May-98 May-98 # %
Budget Actual Variance Variance
Food &Beverage Revenues $19,900.00 $29,005.00 $ 9,105.00 145.75%
Total Revenues $19,900.00 $29,005.00 $ 9,105.00 145.75%
Salaries $ 5,866.00 $13,850.00 $(7,984.00) 236.11%
Cost of Goods Sold-F&B $ 9,870.00 $11,496.00 $(1,626.00) 116.47%
Food &Beverage Expense $ 6,135.00 $(3,537.00) $ 9,672.00 -57.65%
Total Expenses $21,871.00 $21,809.00 $ 62.00 99.72%
Net Income(Loss) $(1,971.00) $ 7,196.00
Note: The above revenues and expenditures are also included in the Desert Willow ana
City of Palm Desert
Desert Willow Goff Course
Analysis of Cash Reserves Requirement
Three Month
Projected Expenditures June-98 July.98* August-98• Projected Expenditures
Payroll $ 118,192 $ 114,643 $ 114,643 $ 347,478
COGS $ 22,248 $ 15,418 $ 15,400 $ 53,066
Operating $ 206,767 $ 223,262 $ 206,887 $ 636,916
Totals I $ 347,207 $ 353,323 8 336,930 8 1,037,460
Cash Reserve Analysis One Month Three Months
[Required Reserve ` $ 347,207.00 $ 1,037,460.00I
Cash on Hand ( $ 929,858.07 $ 929,858.07
Variance-Favorable Unfavorable) $ 582,651.07 $ (107,601.93)1
•July&August 1998 forecasted expenditures are based on the Budget presented by Kemper Sports Management on May 8,1998.
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06/13/1998 City of Palm Desert PM - 1
PORTFOLIO MASTER SUMMARY CITY
MAY 31, 1998 ACCRUAL
AVERAGE ---YIELD TO MATURITY
PERCENTOF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
Fidelity Treasury Pool $ 6,617,840.89 5.36 1 1 5.306 5.380
Local Agency Investment Funds $ 19,345,000.00 15.68 1 1 5.595 5.673
Passbook/Checking Accounts $ 3,721,291.19 3.02 1 1 4.517 4.580
Federal Agency Issues - Coupon $ 28,930,196.13 23.45 929 665 5.915 5.997
Treasury Securities - Coupon $ 40,456,121.08 32.79 1,194 859 5.835 5.916
Treasury Securities - Discount $ 4,847,122.36 3.93 1,706 1,534 5.738 5.818
City Loan to RDA $ 19,000,000.00 15.40 2,192 1,126 5.462 5.538
State 6 Local Govt. Series $ 465,000.00 0.38 1,753 1,581 0.000 0.000
TOTAL INVESTMENTS and AVERAGES $ 123,382,571.65 100.00% 1,021 677 5.665% 5.743%
CASH
Passbook/Checking - No Yield Totals $ 1,137,929.42 0.000
(not included in yield calculations)
Accrued Interest at Purchase $ 346,318.60
TOTAL CASH and PURCHASE INTEREST $ 1,484,248.02
TOTAL CASH and INVESTMENTS $ 124,866,819.67
MONTH ENDING FIsrA4
TOTAL EARNINGS MAY 31 YEAR TO DATE
Current Year $ 592,873.22 $ 5,731,008.97
AVERAGE DAILY BALANCE $ 124,565,115.59 $ 109,756,102.90
EFFECTIVE RATE OF RETURN 5.60% 5.69%
The investment portfolio of the City complies with its Investment Policy and the
Paul S. Gibson Calif. Government Code sections pertaining to the investment of local agency
Treasurer 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 were obtained
DATE from First Trust and IDC Datafeed pricing service. Balances represent Bank Bal.
06/13/1998 City of Palm Desert PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
12004 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1
12005 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1
12006 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 1
12007 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 1
12009 I Fidelity Institutional Cash 35,499.00 36,499.00 36,499.00 5.380 5.306 5.380 1
12010 R Fidelity Institutional Cash 189,395.00 189,395.00 189,395.00 5.380 5.306 5.380 1
12011 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5.140 1
12012 I Fidelity Institutional Cash 416,858.00 416,858.00 416,858.00 5.380 5.306 5.380 1
12013 R Fidelity Institutional Cash 130,184.00 130,184.00 130,184.00 5.360 5.306 5.380 I
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 1
12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
12025 R Fidelity Institutional Cash 464,818.00 464,818.00 464,818.00 5.380 5.306 5.380
12027 R Fidelity Institutional Cash 63,060.00 63,060.00 63,060.00 5.380 5.306 5.380 1
12028 R Fidelity Institutional Cash 159,393.00 159,393.00 159,393.00 5.380 5.306 5.380 1
12031 Fidelity Institutional Cash 0.00 0.00 0.00 5.430 5.356 5.430 1
12032 Fidelity Institutional Cash 247.00 247.00 247.00 5.380 5.306 5.380 1
12033 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1
12034 Fidelity Institutional Cash 9.22 9.22 9.22 5.380 5.306 5.380 1
12035 Fidelity Institutional Cash 88.85 88.85 88.85 5.380 5.306 5.380 1
12036 Fidelity Institutional Cash 27.78 27.78 27.78 5.380 5.306 5.380 1
12037 Fidelity Institutional Cash 55.58 55.58 55.58 5.380 5.306 5.380 1
12039 Fidelity Institutional Cash 186.92 186.92 186.92 5.380 5.306 5.380 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 1
12043 R Fidelity Institutional Cash 0.00 0.00 0.00 5.450 5.375 5.450 1
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 3.30 3.30 3.30 5.380 5.306 5.380 1
12049 Fidelity Institutional Cash 75,563.00 75,563.00 75,563.00 5.380 5.306 5.380 1
12050 Fidelity Institutional Cash 560.52 560.52 560.52 5.380 5.306 5.380 1
12051 Fidelity Institutional Cash 48.61 48.61 48.61 5.380 5.306 5.380 1
12052 Fidelity Institutional Cash 425.54 425.54 425.54 5.380 5.306 5.380 1
12053 Fidelity Institutional Cash 197,536.00 197,536.00 197,536.00 5.380 5.306 5.380 1
12054 Fidelity Institutional Cash 94.57 94.57 94.57 5.380 5.306 5.380 1
12055 Fidelity Institutional Cash 584.00 584.00 584.00 5.380 5.306 5.380 1
12056 Fidelity Institutional Cash 0.00 0.00 0.00 5.470 5.395 5.470 1
06/13/1998 City of Palm Desert PM - 3
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
12057 Fidelity Institutional Cash 3,477,207.00 3,477,207.00 3,477,207.00 5.380 5.306 5.380 1
12058 Fidelity Institutional Cash 141.00 141.00 141.00 5.380 5.306 5.380 1
12059 Fidelity Institutional Cash 108,615.00 108,615.00 108,615.00 5.380 5.306 5.380 1
12060 Fidelity Institutional Cash 872,955.00 872,955.00 872,955.00 5.380 5.306 5.380 1
12061 Fidelity Institutional Cash 300,586.00 300,586.00 300,586.00 5.380 5.306 .5.380' 1
12062 Fidelity Institutional Cash 122,699.00 122,699.00 122,699.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 6,617,840.89 6,617,840.89 6,617,840.89
6,617,840.89 5.306 5.380 ' 1
LOCAL AGENCY INVESTMENT FUNDS
12000 Local Agency Investment Fun 19,345,000.00 19,345,000.00 19,345,000.00 5.673 5.595 5.673 .
AVERAGES 19,345,000.00
PASSBOOK/CHECKING ACCOUNTS
13007 Main Account (Sweep) - UBC 3,077,028.75 3,077,028.75 3,077,028.75 4.580 4.517 4.580 1
13012 Office Complex (Sweep) - UB 644,262.44 644,262.44 644,262.44 4.580 4.517 4.580 1
SUBTOTALS and AVERAGES 8,169,601.22 3,721,291.19 3,721,291.19
3,721,291.19 4.517 4.580 1
FEDERAL AGENCY ISSUES - COUPON
14016 Federal Farm Credit Bank 08/04/97 3,000,000.00 3,000,000.00 3,015,000.00 6.000 6.000 6.083 08/04/00 795
14007 Federal Home Loan Bank 10/24/96 3,996,888.74 4,000,000.00 4,003,750.00 5.820 6.019 6.102 11/02/98 154
14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,808,437.50 6.310 6.310 6.398 03/26/99 298
14020 Federal Home Loan Bank 01/14/98 3,000,000.00 3,000,000.00 2,994,375.00 5.802 5.802 5.883 01/14/00 592
14022 Federal Home Loan Bank 01/09/98 1,999,406.25 2,000,000.00 1,998,125.00 6.105 6.145 6.231 01/09/02 1,318
14024 Federal Home Loan Bank 03/03/98 3,000,000.00 3,000,000.00 2,985,937.50 5.935 5.998 6.081 02/13/01 988
14002 I Federal National Mortgage A 12/12/95 1,028,607.78 1,000,000.00 1,028,750.00 8.450 5.877 5.958 07/12/99 406
14004 I Federal National Mortgage A 12/12/95 1,055,821.57 1,000,000.00 1,058,125.00 9.050 5.620 5.699 04/10/00 679
14021 Federal National Mortgage A 01/05/98 997,825.00 1,000,000.00 998,437.50 5.230 5.689 5.768 11/25/98 177
14023 Federal National Mortgage A 01/14/98 2,000,000.00 2,000,000.00 1,990,625.00 6.010 5.928 6.010 01/14/03 1,688
14025 Federal National Mortgage A 05/18/98 2,059,366.01 2,000,000.00 2,059,375.00 7.590 5.726 5.805 02/14/00 623
14026 Federal National Mortgage A 05/15/98 1,989,860.91 2,000,000.00 1,990,625.00 5.430 5.750 5.830 01/27/00 605
14027 Federal National Mortgage A 05/18/98 2,002,109.08 2,000,000.00 2,001,250.00 5.790 5.710 5.789 11/05/99 522
14018 Tennessee Valley Authority 09/09/97 1,000,310.79 1,000,000.00 991,250.00 5.950 5.836 5.917 09/15/98 106
SUBTOTALS and AVERAGES 25,613,306.00 28,930,196.13 28,924,062.50
28,800,000.00 5.915 5.997 665
TREASURY SECURITIES - COUPON
16006 I United States Treasury 12/12/95 484,510.88 484,000.00 484,453.75 5.875 5.241 5.314 08/15/9B 75
16007 I United States Treasury 12/12/95 1,013,820.95 1,000,000.00 1,011,875.00 6.375 5.336 5.413 01/15/00 593
05/13/1998 City of Palm Desert PM 4
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
16008 I United States Treasury 12/12/95 457,720.80 445,000.00 457,376.56 8.000 5.279 5.352 08/15/99 440
16010 I United States Treasury 12/12/95 1,006,059.73 1,000,000.00 1,006,562.50 7.125 5.272 5.345 10/15/98 136
16036 United States Treasury 06/26/96 2,997,340.75 3,000,000.00 3,002,812..50 5.875 6.252 6.338 08/15/98 75
16037 United States Treasury 06/26/96 2,982,543.16 3,000,000.00 2,995,312.50 5.125 6.314 6.402 11/30/98 182
_ 16045 United States Treasury 09/05/96 1,998,921.34 2,000,000.00 2,003,750.00 6.125 6.270 6.358 08/31/98 91
16047 United States Treasury 05/01/97 2,001,998.46 2,000,000.00 2,014,375.00 6.375 6.171 6.257 04/30/99 333
16048 United States Treasury 03/21/97 1,984,010.19 2,000,000.00 1,992,500.00 5.000 6.124 6.209 02/15/99 259
16050 United States Treasury 12/11/97 92,125.25 92,000.00 92,287.50 5.875 5.674 5.753 08/31/99 456
16051 United States Treasury 12/11/97 1,359,979.52 1,340,000.00 1,371,825.00 6.250 5.761 5.841 06/31/02 1,552
16052 United States Treasury 12/11/97 12,265.83 12,000.00 12,303.75 7.125 5.672 5.750 02/29/00 638
16053 United States Treasury 12/11/97 97,902.42 97,000.00 98,394.38 6.250 5.713 5.792 08/31/00 822
16054 United States Treasury 12/11/97 12,951.45 13,000.00 13,020.31 5.625 5.693 5.772 02/26/01 1,003
16055 United States Treasury 12/11/97 104,982.02 103,000.00 105,735.94 6.500 5.750 5.830 08/31/01 1,187
16056 United States Treasury 12/11/97 13,173.22 13,000.00 13,280.31 6.250 5.761 5.841 02/28/02 1,368
16058 United States Treasury 12/11/97 86,802.45 87,000.00 86,864.06 4.750 5.606 5.684 08/31/98 91
16059 United States Treasury 12/11/97 11,981.62 12,000.00 12,000.00 5.500 5.629 5.707 02/28/99 272
16060 United States Treasury 12/11/97 307,764.18 300,000.00 310,406.25 6,625 5.768 5.848 03/31/02 1,399
16061 United States Treasury 12/11/92 15,211,130.07 15,194,000.00 15,350,688.13 5.875 5.762 5.842 09/30/02 1,582
16062 United States Treasury 12/11/97 925,342.49 911,000.00 932,066.88 6.375 5.758 5.838 09/30/01 1,217
16063 United States Treasury 12/11/97 285,928.94 282,000.00 287,816.25 6.375 5.748 5.828 03/31/01 1,034
16064 United States Treasury 12/11/97 852,725.94 847,000.00 857,322.81 6.125 5.724 5.803 09/30/00 852
16065 United States Treasury 12/11/97 269,907.75 265,000.00 271,045.31 6.875 5.696 5.775 03/31/00 669
16066 United States Treasury 12/11/97 806,720.60 807,000.00 808,765.31 5.750 5.693 5.772 09/30/99 486
16067 United States Treasury 12/11/97 251,021.63 250,000.00 251,406.25 6.250 5.646 5.724 03/31/99 303
16068 United States Treasury 12/11/97 763,676.92 766,000.00 764,324.38 4.750 5.611 5.689 09/30/98 121
16070 United States Treasury 05/18/98 4,062,812.52 4,000,000.00 4,062,812.52 6.875 5.506 5.582 08/31/99 456
SUBTOTALS and AVERAGES 40,162,801.43 40,456,121.08 40,671,383.15
40,320,000.00 5.835 5.916 859
TREASURY SECURITIES - DISCOUNT
17070 United States Treasury 12/11/97 128,676.56 166,000.00 133,578.13 5.078 5.758 5.838 05/15/02 1,444
17071 United States Treasury 12/11/97 4,718,445.80 6,170,000.00 4,903,221.88 5.028 5.737 5.817 08/15/02 1,536
SUBTOTALS and AVERAGES 4,847,122.36 4,847,122.36 5,036,800.01
6,336,000.00 5.738 5.818 1,534
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 1,126
AVERAGES 19,000,000.00
06/13/1998 City of Palm Desert PM - 5
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 & 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 1,583
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 1,554
SUBTOTALS and AVERAGES 465,000.00 465,000.00 465,000.00
465,000.00 0.000 0.000 1,581
TOTAL INVESTMENTS and AVG. $ 123,382,571.65 123,781,377.74
124,220,671.90 124,605,132.08 5.665% 5.743% 677
06/13/1998 City of Palm Desert PM - 6
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 1998 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATE➢ --- 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 - Union 124,761.30 0.000 0.000 0.000
13010 Desert Willow Savings - Union 765,138.35 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 2.000
13005 Library Foundation - UBC 10,000.00 0.000 0.000 0.000
13006 City Main Account - UBC 164,772.09 0.000 0.000 0.000
13008 Office Complex Checking - UBC 50,445.67 0,000 0.000 0-000
13011 Office Complex Trust - UBC 22,790.41 0.000 0.000 0.0b0
SUBTOTALS and AVERAGES 344,443.69 1,137,929.42 0.000 0.000
Accrued Interest at Purchase 346,318.60
TOTAL CASH $ 1,484,248.02
TOTAL CASH and INVESTMENTS $ 124,565,115.59 124,866,819.67
06/13/199B City of Palm Desert PM
PORTFOLIO MASTER INVESTMENT ACTIVITY HY TYPE CITY
MAY 1, 1998 - MAY 31, 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 5.380 149.00
12010 R Fidelity Institutional Cash 5.380 771.00
12011 Fidelity Institutional Cash 5.140
12012 I Fidelity Institutional Cash 5.380 1,698.00
12013 R Fidelity Institutional Cash 5.380 531.00
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 5.380 1,893.00
12027 A Fidelity Institutional Cash 5.380 264.00
12028 R Fidelity Institutional Cash 5.380 649.00
12031 Fidelity Institutional Cash 5.430
12032 Fidelity Institutional Cash 5.380 2.00
12033 Fidelity Institutional Cash 5.420
12034 Fidelity Institutional Cash 5.380 0.22
12035 Fidelity Institutional Cash 5.380 0.85
12036 Fidelity Institutional Cash 5.380 0.78
12037 Fidelity Institutional Cash 5.380 0.58
12039 Fidelity Institutional Cash 5.380 0.92
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 5.380 0.30
12049 Fidelity Institutional Cash 5.380 308.00
12050 Fidelity Institutional Cash 5.380 560.52
12051 Fidelity Institutional Cash 5.380 48.61
12052 Fidelity Institutional Cash 5.380 2.54
12053 Fidelity Institutional Cash 5.380 828.00
12054 Fidelity Institutional Cash 5.380 0.57
12055 Fidelity Institutional Cash 5.380 2.00
06/13/1998 City of Palm Desert PM S
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MAY 1, 1998 - MAY 31, 1998 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
12056 Fidelity Institutional Cash 5.470
12057 Fidelity Institutional Cash 5.380 12,080.00
12058 Fidelity Institutional Cash 5.380 75.00
12059 - Fidelity Institutional Cash 5.380 442.00
12060 Fidelity Institutional Cash 5.380 1,216.00
12061 Fidelity Institutional Cash 5.380 418.00
12062 Fidelity Institutional Cash 5.380 171.00
SUBTOTALS and ENDING BALANCE 22,112.89 0.00 6,617,840.89
LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary)
12000 Local Agency Investment Fund 5.673 19,345,000.00
PASSBOOK/CHECKING ACCOUNTS (Monthly Summary)
13009 Desert Willow Checking - Union 0.000 121,967.30
13010 Desert Willow Savings - Union 0.000 329,529.73
13000 City Main Account - HofA 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 34,174,828.24 33,713,578.66
13008 Office Complex Checking - UBC 0.000 76,030.21 76,537.65
13011 Office Complex Trust - UBC 0.000 1,200.00
13007 Main Account (Sweep) - UBC 4.580 5,161,004.55
13012 Office Complex (Sweep) - UBC 4.580 53,685.63
SUBTOTALS and ENDING BALANCE 34,756,041.11 38,952,320.86 3,721,291.19
CASH WITH TRUSTEE -FIRST TRUST (Monthly Summary)
24001 Cash with Trustee 0.000
24002 ' Cash with Trustee 0.000
24003 Cash with Trustee 0.000
24004 Cash with Trustee 0.000
24005 Cash with Trustee 0.000
24006 Cash with Trustee 0.000
24007 Cash with Trustee 0.000
24008 Cash with Trustee 0.000
24009 Cash with Trustee 0.001
24010 Cash with Trustee 0.000
24011 Cash with Trustee 0.000
•
06/13/1998 City of Palm Desert PM - 9
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY
MAY 1, 1998 - MAY 31, 1998 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT $ ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS SALAN:TP
24012 Cash with Trustee 0.000
24013 Cash with Trustee 0.000
24014 Cash with Trustee 0.000
SUBTOTALS and ENDING BALANCE 0.00 0.00 0.00
' FEDERAL AGENCY ISSUES - COUPON
14025 Federal National Mortgage Assc 7.590 05/18/1998 2,060,625.00
14026 Federal National Mortgage Assc 5.430 05/18/1998 1,989,639.76
14027 Federal National Mortgage Assc 5.790 05/18/1998 2,002,162.42
SUBTOTALS and ENDING BALANCE 6,052,427.18 0.00 28,930,196.13
TREASURY SECURITIES - COUPON
16034 United States Treasury 6.000 05/31/1998 2,000,000.00
16070 United States Treasury 6.875 05/18/1998 4,062,812.52
SUBTOTALS and ENDING BALANCE 4,062,812.52 2,000,000.00 40,456,121.08
TREASURY SECURITIES - DISCOUNT
4,847,122.36
CITY LOAN TO RDA
19,000,000.00
STATE & LOCAL GOVT. SERIES
465,000.00
TOTALS 44,893,393.70 40,952,320.86 123,382,571.65
06/13/1998 PM 1:
City of Palm Desert C:TY
INVESTMENT ACTIVITY SUMMARY •
ACCRUAL
MAY 1997 through MAY 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
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 5.017 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 2 910 565
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 98 119 124,986,163.44 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
May 98 123 123,382,571.65 5.665 5.743 5.380 4 1 1,021 677
AVERAGES 101 $ 105,273,318.07 5.704% 5.7814 5.192% 4 2 956 626
06/13/1998 P
City of Palm Desert
DISTRIBUTION OF INVESTMENTS BY TYPE A
MAY 1997 through MAY 1998
MONTH TYPES OF INVESTMENTS
END. YEAR BCD SCD LA1 LA2 LAS PA1 PA2 MTN BAC CPI COM FAC FAD TRC TRD MD1 MC1
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.E 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 16.0
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
May 98 5.4 15.7 3.0 23.5 32.8 3.9 15.4
AVERAGES 5.05 15.8# 4.895 1.3# 21.7% 30.9% 1.8% 18.5%
BCD - Certificates of Deposit - Bank SCD - Certificates of Deposit - S & L
LA1 - Fidelity Treasury Poo1 LA2 - Managed Pool Accounts
LAS - Local Agency Investment Funds PA1 - Passbook/Checking Accounts
PA2 - Cash with Trustee -First Trust MTN - Medium Term Notes
BAC - 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 & Local Govt. Series
06/13/1998 PM 12
City of Palm Desert CITY
INTEREST EARNINGS SUMMARY ACCRUAL
MAY 31, 1998
MONTH ENDING FISCAL
MAY 31, 1998 YEAR TO DATE
CD/Coupon/Discount Investments:
Interest Collected $ 136,738.89 $ 2,552,537.07
PLUS Accrued Interest at End of Period 4,693,432.11 4,693,432.11
LESS Accrued Interest at Beginning of Period ( 4,390,987.16) ( 2,863,962.47;
Interest Earned during Period $ 439,183.84 4,382,006.71
•
ADJUSTED by Premiums and Discounts -1,802.83 3,723.95
ADJUSTED by Capital Gains or Losses 0.00 7,943.54
Earnings during Period 437,381.01 $ 4,391,674.20
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) (
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 $ 22,752.74 $ 940,642.29
PLUS Accrued Interest at End of Period 947,053.15 942,053.15
LESS Accrued Interest at Beginning of Period ( 814,313.68) ( 550,360.67)
Interest Earned during Period $ 155,492.21 $ 1,337,334.77
TOTAL Interest Earned during Period $ . 594.676.05 $ 5,719,341.48
TOTAL Ajustments from Premiums and Discounts $ -1,802.83 $ 3,723.95
TOTAL Capital Gains or Losses $ 0.00 $ 7,943.54
TOTAL Earnings during Period $ 592,873.22 $ 5,731,008.92
06/13/1998 Assessment District 83-1 PM
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS
MAY 31, 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 63,060.00 63,060.00 63,060.00 5.380 5.306 5.380 1
12034 Fidelity Institutional Cash 9.22 9.22 9.22 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 63,069.22 63,069.22
63,069.22 - 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 63,069.22 63,069.22
63,069.22 5.306% 5.380% 1
06/13/1998 Assessment District 83-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
24002 Cash with Trustee 0.48 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 63,069.70
06/13/1898 1995 Refunding Bonds 84-1-R PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
12025 R Fidelity Institutional Cash 464,818.00 464,818.00 464,818.00 5.380 5.306 5.380 1
12035 Fidelity Institutional Cash 88.85 88.85 88.85 5.380 5.306 5.380 1
12059 Fidelity Institutional Cash 108,615.00 108,615.00 108,615.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 573,521.85 573,521.85 -
573,521.85 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 573,521.85 573,521.85
573,521.85 5.306% 5.380% 1
06/13/199B 1995 Refunding Bonds 84-1-R PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
24001 Cash with Trustee 0.96 0.000 0.000 0.000
. TOTAL CASH and INVESTMENTS S 573,522.81
06/13/1998 AD 87-1 PM 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATE➢ --- YTM MATVR:T.i ::A';:-
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
FIDELITY TREASURY POOL
12028 R Fidelity Institutional Cash 159,393.00 159,393.00 159,393.00 5.380 5.306 5.380 1
12036 Fidelity Institutional Cash 2778 27.78 27.78 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 159,420.78 159,420.78
159,420.78 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 159,420.78 159,420.78
159,420.78 5.306% 5.380% 1
06/13/1998 AD 87-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
24009 Cash with Trustee 1.22 0.001 0.001 C.001
TOTAL CASH and INVESTMENTS $ 159,422.00
r _
•
•
06/13/1998 Indian Ridge 91-1 Series A PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
12015 Fidelity Institutional Cash 0.00 0.00 0.00 5.480 5.405 5.480 a
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
06/13/1998 Indian Ridge 91-1 Series A PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM - -- MATURITY DAYS
NUMBER ISSUER DATE HOOK 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
06/13/1996 Indian Ridge 91-1 Series B PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 1
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 1
12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1
SUBTOTALS and AVERAGES 0.00 0.00
0.00 0.000 0.000 0
FEDERAL AGENCY ISSUES - COUPON
14011 Federal Home Loan Hank 03/26/97 1,800,000.00 1,800,000.00 1,808,437.50 6.310 6.310 6.398 03/26/99 298
14002 I Federal National Mortgage A 12/12/95 1,028,607.78 1,000,000.00 1,028,750.00 8.450 5.877 5.958 07/12/99 406
14004 I Federal National Mortgage A 12/12/95 1,055,821.57 1,000,000.00 1,058,125.00 9.050 5.620 5.699 04/10/00 679
SUBTOTALS and AVERAGES 3,884,429.35 3,895,312.50
3,800,000.00 6.008 6.091 430
TREASURY SECURITIES - COUPON
16006 I United States Treasury 12/12/95 484,510.68 484,000.00 484,453.75 5.875 5.241 5.314 08/15/98 75
16007 I United States Treasury 12/12/95 1,013,820.95 1,000,000.00 1,011,875.00 6.375 5.338 5.413 01/15/00 593
16008 I United States Treasury 12/12/95 457,720.80 445,000.00 457,376.56 8.000 5.279 5.352 08/15/99 440
16010 I United States Treasury 12/12/95 1,006,059.73 1,000,000.00 1,006,562.50 7.125 5.272 5.145 10/15/98 116
SUBTOTALS and AVERAGES 2,962,112.36 2,960,267.81
2,929,000.00 5.291 5.364 329
TOTAL INVESTMENTS and AVG. $ 6,846,541.71 6,855,580.31
6,729,000.00 5.698% 5.777% 387
06/13/1998 Indian Ridge 91-1 Series B PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 $ 6,846,545.80
06/13/1998 91-1 Series 1997 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 560.52 560.52 560.52 5.380 5.306 5.380 1
12052 Fidelity Institutional Cash 425.54 425.54 425.54 5.380 5.306 5.380 1
12057 Fidelity Institutional Cash 3,477,207.00 3,477,207.00 3,477,207.00 5.380 5.306 5.380 1
12060 Fidelity Institutional Cash 872,955.00 872,955.00 872,955.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 4,351,148.06 4,351,148.06
4,351,148.06 5.306 5.380 1
TREASURY SECURITIES - COUPON
16060 United States Treasury 12/11/97 307,764.18 300,000.00 310,406.25 6.625 5.768 5.848 03/31/02 1,399
16061 United States Treasury 12/11/97 15,211,130.07 15,194,000.00 15,350,688.13 5.875 5.762 5.842 09/30/02 1,582
16062 United States Treasury 12/11/97 925,342.49 911,000.00 932,066.88 6.375 5.758 5.838 09/30/01 1,217
16063 United States Treasury 12/11/97 285,928.94 282,000.00 287,816.25 6.375 5.748 5.828 03/31/01 1,034
16064 United States Treasury 12/11/97 852,725.94 847,000.00 857,322.81 6.125 5.724 5.803 09/30/00 852
16065 United States Treasury 12/11/97 269,907.75 265,000.00 271,045.31 6.875 5.696 5.775 03/31/00 669
16066 United States Treasury 12/11/97 806,720.60 807,000.00 808,765.31 5.750 5.693 5.772 09/30/99 406
16067 United States Treasury 12/11/97 251,021.63 250,000.00 251,406.25 6.250 5.646 5.724 03/31/99 303
16068 United States Treasury 12/11/97 763,676.92 766,000.00 764,324.38 4.750 5.611 5.689 09/30/98 121
SUBTOTALS and AVERAGES 19,674,218.52 19,833,841.57
19,622,000.00 5.749 5.829 1,392
TREASURY SECURITIES - DISCOUNT
17071 United States Treasury 12/11/97 4,718,445.80 6,170,000.00 4,903,221.88 5.028 5.737 5.817 08/15/02 1,536
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 1,583
TOTAL INVESTMENTS and AVG. $ 29,173,812.38 29,518,211.51
30,573,145.06 5.596% 5.6744 1,211
•
06/13/1998 91-1 Series 1997 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 •
S 228,876.25
TOTAL CASH and INVESTMENTS S 29,402,688.63
06/13/1998 Sierra Nova 92-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 1
12005 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1
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 1
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
TOTAL INVESTMENTS and AVG. $ 0.00 0.00
0.00 0.000% 0.000% 0
06/13/1998 Sierra Nova 92-1 PM
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 S 0.00
06/13/1998 92-1 Series 1997 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 48.61 48.61 48.61 5.380 5.306 5.380 1
12054 Fidelity Institutional Cash 94.57 94.57 94.57 5.380 5.306 5.380 .
12062 Fidelity Institutional Cash 122,699.00 122,699.00 122,699.00 5.380 5.306 5.380 .
SUBTOTALS and AVERAGES 122,842.18 122,842.18 -
122,842.18 5.306 5.380 1
TREASURY SECURITIES - COUPON
16050 United States Treasury 12/11/97 92,125.25 92,000.00 92,287.50 5.875 5.674 5.753 08/31/99 456
16051 United States Treasury 12/11/97 1,359,979.52 1,340,000.00 1,371,825.00 6.250 5.761 5.841 08/31/02 1,552
16052 United States Treasury 12/11/97 12,265.83 12,000.00 12,303.75 7.125 5.672 5.750 02/29/00 638 .
16053 United States Treasury 12/11/97 97,902.42 97,000.00 98,394.38 6.250 5.713 5.792 08/31/00 822
16054 United States Treasury 12/11/97 12,951.45 13,000.00 13,020.31 5.625 5.693 5.772 02/28/01 1.003
16055 United States Treasury 12/11/97 104,982.02 103,000.00 105,735.94 6.500 5.750 5.830 08/31/01 1,187
16056 United States Treasury 12/11/97 13,171.22 13,000.00 13,280.31 6.250 5.761 5.841 02/28/02 1.368
16058 United States Treasury 12/11/97 86,802.45 87,000.00 86,864.06 4.750 5.606 5.684 08/31/98 91
16059 United States Treasury 12/11/97 11,981.62 12,000.00 12,000.00 5.500 5.629 5.707 02/28/99 272
SUBTOTALS and AVERAGES 1,792,183.78 1,605,711.25
1,769,000.00 5.744 5.824 1,344
TREASURY SECURITIES - DISCOUNT
17070 United States Treasury 12/11/97 128,676.56 166,000.00 133,578.13 5.078 5.758 5.838 05/15/02 1,444
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 1,554
TOTAL INVESTMENTS and AVG. $ 2,078,682.52 2,097,131.56
2,092,842.18 5.622% 5.700% 1,274
•
06/13/1998 92-1 Series 1997 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 1998 ACCRUAL
•
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
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 $ 2,108,932.40
06/13/1998 Big Horn 94-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOR 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 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
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
06/13/1998 Big Horn 94-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
24007 Cash with Trustee 2.38 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 2.38
06/13/1998 94-1.Series 1997 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE B00K VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
FIDELITY TREASURY POOL
12055 Fidelity Institutional Cash 584.00 584.00 584.00 5.380 5.306 5.380
12056 Fidelity Institutional Cash 0.00 0.00 0.00 5 470 5.395 -.470
12061 Fidelity Institutional Cash 300,586.00 300,586.00 300,586.00 5.380 5.306 5 380
SUBTOTALS and AVERAGES 301,170.00 • 301,170.00
301,170.00 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 301,170.00 S01,170.00
301,170.00 5.3064 5.380% 1
06/13/1998 94-1 Series 1997 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
24011 Cash with Trustee 0.32 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 301,170.32
06/13/1998 Sunterrace 94-2 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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
12009 I Fidelity Institutional Cash 36,499.00 36,499.00 36,499.00 5.380 5.306 5.380 1
12010 R Fidelity Institutional Cash 189,395.00 189,395.00 189,395.00 5.380 5.306 5.380 1
12032 Fidelity Institutional Cash 247.00 247.00 247.00 5.380 5.306 5.380 1
12033 Fidelity Institutional Cash 0.00 0.00 0.00 5.420 5.346 5.420 1
SUBTOTALS and AVERAGES 226,141.00 226,141.00
' 226,141.00 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 226,141.00 226,141.00
226,141.00 5.306% 5.380% 1
06/13/1998 Sunterrace 94-2 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 $ 226,143.20
06/13/1998 Merano 94-3 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 416,858.00 416,858.00 416,858.00 5.380 5.306 5.380 1
12013 R Fidelity Institutional Cash 130,154.00 130,184.00 130,184.00 5.380 5.306 5.380 1
12031 Fidelity Institutional Cash 0.00 0.00 0.00 5.430 5.356 5.430 1
12037 Fidelity Institutional Cash 55.58 55.58 55.58 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 547,097.58 547,097.58
547,097.58 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 547,097.58 547,097.58
547,097.58 5.306% 5.380% 1
06/13/1998 Merano 94-3 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 $ 547,099.65
06/13/1998 95 REV BND: .83-1, 84-1-R, 89-1 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 5.360 1
12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
12039 Fidelity Institutional Cash 186.92 186.92 186.92 5.380 5.306 5.380 1
12046 Fidelity Institutional Cash 3.30 3.30 3.30 5.380 5.306 5.380 1
12049 Fidelity Institutional Cash 75,563.00 75,563.00 - 75,563.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 75,753.22 75,753.22
75,753.22 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 75,753.22 75,753.22
75,753.22 5.306% 5.380% 1
06/13/1998 95 REV BND: 83-1, 84-1-R, 87-1 PM - I
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 $ 75,753.92
06/13/1998 1997 Rev Bnd, 91-1, 92-1, 94-1 PM. - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 197,536.00 197,536.00 197,536.00 5.380 5.306 5.380 1
12058 Fidelity Institutional Cash 141.00 141.00 141.00 5.380 5.306 5.380 -
SUBTOTALS and AVERAGES 197,677.00 197,677.00
197,677.00 5.306 -5.380 1
TOTAL INVESTMENTS and AVG. $ 197,677.00 197,677.00
197,677.00 5.306% 5.380% 1
•
06/13/1998 1997 Rev Bud: 91-1, 92-1, 94-1 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 1998 • ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MA:
CASH WITH TRUSTEE -FIRST TRUST
24012 Cash with Trustee 0.72 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 197,677.72
06/13/1998 Library Foundation PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
TOTAL INVESTMENTS and AVG. $ 0.00 0.00
0.00 0.0008 0.000% 0
06/13/1998 Library Foundation PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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
•
06/13/1998 City General Fund PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 5.673 5.595 5.673 1
PASSBOOK/CHECKING ACCOUNTS
13007 Main Account (Sweep) - UBC 3,077,028.75 3,077,028.75 3,077,028.75 4.580 4.517 4.580 1
FEDERAL AGENCY ISSUES - COUPON
14016 Federal Farm Credit Bank 08/04/97 3,000,000.00 3,000,000.00 3,015,000.00 6.000 6.000 6.083 08/04/00 795
14007 Federal Home Loan Bank 10/24/96 3,996,888.74 4,000,000.00 4,003,750.00 5.820 6.019 6.102 11/02/98 154
14020 Federal Home Loan Bank 01/14/98 3,000,000.00 3,000,000.00 2,994,375.00 5.802 5.802 5.883 01/14/00 592
14022 Federal Home Loan Bank 01/09/98 1,999,406.25 2,000,000.00 1,998,125.00 6.105 6.145 6.231 01/09/02 1,318
14024 Federal Home Loan Bank 03/03/98 3,000,000.00 3,000,000.00 2,985,937.50 5.935 5.998 6.081 02/13/01 988
14021 Federal National Mortgage A 01/05/98 997,825.00 1,000,000.00 998,437.50 5.230 5.689 5.768 11/25/98 177
14023 Federal National Mortgage A 01/14/98 2,000,000.00 2,000,000.00 1,990,625.00 6.010 5.928 6.010 01/14/03 1,688
14025 Federal National Mortgage A 05/18/98 2,059,366.01 2,000,000.00 2,059,375.00 7.590 5.726 5.805 02/14/00 623
14026 Federal National Mortgage A 05/18/98 1,989,860.91 2,000,000.00 1,990,625.00 5.430 5.750 5.930 01/27/00 605
14027 Federal National Mortgage A 05/18/98 2,002,109.08 2,000,000.00 2,001,250.00 5.790 5.710 5.789 11/05/99 522
14018 Tennessee Valley Authority 09/09/97 1,000,310.79 1,000,000.00 991,250.00 5.950 5.836 5.917 09/15/98 106
SUBTOTALS and AVERAGES 25,045,766.78 25,028,750.00
25,000,000.00 5.900 5.982 701
TREASURY SECURITIES - COUPON
16036 United States Treasury 06/26/96 2,997,340.75 3,000,000.00 3,002,812.50 5.875 6.252 6.338 08/15/98 75
16037 United States Treasury 06/26/96 2,982,543.16 3,000,000.00 2,995,312.50 5.125 6.314 6.402 11/30/98 182
16045 United States Treasury 09/05/96 1,998,921.34 2,000,000.00 2,003,750.00 6.125 6.270 6.358 08/31/98 91
16047 United States Treasury 05/01/97 2,001,998.46 2,000,000.00 2,014,375.00 6.375 6.171 6.257 04/30/99 333
16048 United States Treasury 03/21/97 1,984,010.19 2,000,000.00 1,992,500.00 5.000 6.124 6.209 02/15/99 259
16070 United States Treasury 05/18/98 4,062,812.52 4,000,000.00 4,062,812.52 6.875 5.506 5.582 08/31/99 456
SUBTOTALS and AVERAGES 16,027,626.42 16,071,562.52
16,000,000.00 6.051 6.135 248
TOTAL INVESTMENTS and AVG. $ 63,495,421.95 63,522,341.27 .
63,422,028.75 5.778% 5.859% 340
06/13/1996 City General Fund PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 164,772.09 0.000 0.000 0.000
SUBTOTALS and AVERAGES 164,772.09 0.000 0.000
Accrued Interest at Purchase 87,195.01
TOTAL CASH $ 251,967.10
TOTAL CASH and INVESTMENTS $ 63,747,389.05
06/13/1998 CITY LOAN TO RDA PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED - YTM MATURITY
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE T2 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 1,126
TOTAL INVESTMENTS and AVG. $ 19,000,000.00 19,000,000.00
19,000,000.00 5.462%.5.538% 1,126
06/13/1998 Office Complex PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY
MAY 31, 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 644,262.44 644,262.44 644,262.44 4.580 4.513 4.58C
TOTAL INVESTMENTS and AVG. $ 644,262.44 644,262.44
644,262.44 4.517% 4.580% 1
06/13/1996 Office Complex PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH CITY
MAY 31, 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 0.000 ,
1300E Office Complex Checking - UBC 50,445.67 0.000 0.000 0.000
13011 Office Complex Trust - UBC 22,790.41 0.000 0.000 0.000
SUBTOTALS and AVERAGES 73,236.08 0.000 0.000
TOTAL CASH and INVESTMENTS $ 717,498.52
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06/11/1998 E PD Redevelopment Agency PM -
PORTFOLIO MASTER SUMMARY RDA
MAY 31, 1998 ACCRUAL
AVERAGE ---YIELD TO MATURITY- -
PERCENT OF AVERAGE DAYS TO 360 365
INVESTMENTS BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT
Local Agency Investment Funds $ 19,760,000.00 11.64 1 _ 5.595
Passbook/Checking $ 717,342.66 0.42 1 1 4.517 4.580
Federal Agency Issues - Coupon $ 2,494,724.84 1.47 506 279 5.818 5.899
Treasury Securities - Coupon $ 10,427,617.13 6.14 843 673 :.183 ..SY
Treasury Securities - Discount $ 5,920,113.89 3.49 2,339 2,209 5.454 _
State & Local Govt Series $ 7,436,866.00 4.38 803 546
State & Local Govt Series - Coupon $ 66,429,662.00 39.14 1,728 1,416 5.
Fidelity Treasury Pool $ 56,533,878.64 33.31 1 1 5.322 -
TOTAL INVESTMENTS and AVERAGES $ 169,720,205.16 100.00% 853 701 5.316% 5.390%
CASH
Passbook/Checking - No Yield Totals $ 10,454.70 0.000 0.000
(not included in yield calculations)
Accrued Interest at Purchase $ 223,427.84
TOTAL CASH and PURCHASE INTEREST $ 233,882.54
TOTAL CASH and INVESTMENTS $ 169,954,087 70
MONTH ENDING FISCAL
TOTAL EARNINGS MAY 31 YEAR TO DATE
Current Year $ 762,098.94 $ 7,510,190.99
AVERAGE DAILY BALANCE $ 166,424,933.91 $ 151,080,480.96
EFFECTIVE RATE OF RETURN 5.39% 5.42%
The investment portfolio of the Agency complies with its Investment Policy and
Paul S. Gibson the California Government Code sections pertaining to the investment of local
Treasurer agency funds. Pending any future actions.by the Governing Board of the Agency
or any unforeseen catastrophy, the Redevelopment Agency has adequate cash flow
to meet its expenditure requirements for the next six months. Market values are
DATE from First Trust & IDC Datafeed pricing service. Balances represent Bank Balance
06/13/1998 E PD Redevelopment Agency PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED - -- YTM --- MATURITY DAYS
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE T7 MAT
LOCAL AGENCY INVESTMENT FUNDS
21000 Local Agency Investment Fun 19,760,000.00 19,760,000.00 19,760,000.00 5.673 5.595 5 573 -
AVERAGES 17,412,584.44
PASSBOOK/CHECKING
• 25011 UBC Housing Authority Sweep 717,342,66 717,342.66 717,342.66 4.580 4.517 4.580 1
AVERAGES 86,043.31
FEDERAL AGENCY ISSUES - COUPON
15008 R Federal Farm Credit 09/13/96 499,904.96 500,000.00 500,312.50 6.125 6.312 6.400 07/09/98 38
15020 Federal National Mortgage A 10/03/97 1,000,000.00 1,000,000.00 1,000,312.50 5.630 5.621 5.699 08/14/98 74
15022 Federal National Mortgage A 05/18/98 994,819.88 1,000,000.00 995,312.50 5.430 5.769 5.849 01/27/00 605
SUBTOTALS and AVERAGES 1,949,143.36 2,494,724.84 2,495,937.50
2,500,000.00 5.818 5.899 279
TREASURY SECURITIES - COUPON
17013 R Unites States Treasury 07/01/95 106,105.09 104,000.00 107,185.00 7.750 6.098 6.182 11/30/99 547
17083 Unites States Treasury 03/21/97 1,984,010.19 2,000,000.00 1,992,500.00 5.000 6.124 6.209 02/15/99 259
17086 Unites States Treasury 01/22/98 147,790,51 148,000.00 147,768,75 4.750 5.256 5.329 08/31/98 91
17087 Unites States Treasury 01/22/98 151,159.64 151,000.00 151,000.00 5.500 5.273 5.347 02/28/99 272
17088 Unites States Treasury 01/22/98 155,961.15 155,000.00 155,484.38 5.875 5.274 5.347 08/31/99 456
17089 Unites States Treasury 01/22/98 164,652.08 160,000.00 164,050.00 7.125 5.266 5.339 02/29/00 638
17090 Unites States Treasury 01/22/98 169,068.20 166,000.00 168,386.25 6.250 5.282 5.355 08/31/00 822
17091 Unites States Treasury 01/22/98 171,105.19 170,000.00 170,265.63 5.625 5.289 5.363 02/28/01 1,003
17092 Unites States Treasury 01/22/98 181,626.31 176,000.00 180,675.00 6.500 5.329 5.403 08/31/01 1.187
17093 Unites States Treasury 01/22/98 185,907.12 181,000.00 184,902.81 6.250 5.357 5.431 02/28/02 1,368
17095 Unites States Treasury 01/22/98 435,528.33 422,700.00 432,739.13 6.250 5.357 5.432 08/31/02 1,552
17096 Unites States Treasury 01/22/98 417,497.23 405,200.00 414,823.50 6.250 5.357 5.432 08/31/02 1,552
17097 Unites States Treasury 01/22/98 9,376.17 9,100.00 9,316.13 6.250 5.357 5.432 08/31/02 1,552
17098 Unites States Treasury 03/10/92 1,383,387.26 1,368,000.00 1,384,672.50 6.125 5.523 5.599 09/30/00 852
17099 Unites States Treasury 03/10/98 1,579,924.61 1,547,000.00 1,582,774.38 6.375 5.582 5.659 09/30/01 1,217
17100 Unites States Treasury 03/10/98 1,507,499.10 1,511,000.00 1,507,694.69 4.750 5.390 5.465 09/30/98 121
17101 Unites States Treasury 03/10/98 1,677,018.95 1,673,000.00 1,676,659.69 5.750 5.480 5.556 09/30/99 486
SUBTOTALS and AVERAGES 10,427,673.76 10,427,617.13 10,430,897.84
10,347,000.00 5.583 5.660 673
TREASURY SECURITIES - DISCOUNT
18023 Unites States Treasury 01/22/98 150,794.82 198,000.00 152,831.25 4.704 5.374 5.449 02/15/03 1,720
18025 Unites States Treasury 01/22/98 130,167.96 181,000.00 132,016.88 4.628 5.434 5.509 02/15/04 2,085
18027 Unites States Treasury 01/22/98 4,989,671.22 7,143,000.00 5,067,065.63 4.590 5.464 5.540 08/15/04 2,267
18028 Unites States Treasury 01/22/98 394,279.47 532,400.00 399,300.00 4.662 5.395 5.470 08/15/03 1,901
18029 Unites States Treasury 01/22/98 255,200.42 344,600.00 258,450.00 4.662 5.395 5.470 08/15/03 1,901
SUBTOTALS and AVERAGES 5,920,113.89 5,920,113.89 6,009,663.76
8,399,000.00 5.454 5.529 2,209
06/13/1998 E PD Redevelopment Agency PM
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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 & LOCAL GOUT 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 10/01/98 122
19009 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/25/99 297
19010 State & Local Govt Der Secu 07/24/97 1,581,417.00 1,581,417.00 1,581,417.00 0.000 0.000 0.000 04/01/99 304
19011 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0,000 0.000 09/16/99 472
19012 State & Local Govt Ser Secu 07/24/97 177,191.00 177,191.00 ' 177,191.00 0.000 0.000 0.000 1040//99 487
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/CC 64'
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 04/01/00 670
19015 State & Local Govt Ser Secu 07/24/97 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/12/00 681
19016 State & Local Govt Ser Secu 07/24/97 158,275.00 158,275.00 158,275.00 0.000 0.000 0.000 10/05/00 857
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 1,032
1901E 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 04/01/01 1,035
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 1,207
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 0,218
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 1,382
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 17
19030 State & Local Govt Ser Secu 04/27/98 312,455.00 372,455.00 372,455.00 0.000 0.000 0.000 07/23/92 ...
19031 State & Local Govt Ser Secu 04/27/98 372,455.00 372,455.00 372,455.00 0.000 0.000 0.000 08427/94 -
19032 State & Local Govt Ser Secu 04/27/98 349,157.00 349,157.00 349,157.00 0.000 0.000 0.co In/ -
SUBTOTALS and AVERAGES 7,597,519.58 7,436,866.00 7,436,866.00
7,436,866.00 0.000 0.000 546
STATE & LOC➢i 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 1,400
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 1,417
SUBTOTALS and AVERAGES 66,429,662.00 66,429,662.00 66,429,662.00
66,429,662.00 5.760 5.840 1,416
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
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 1
11005 I Fidelity Institutional Cash 4,180,913.00 4,180,913.00 4,180,913.00 5.380 5.306 5.380 1
11006 R Fidelity Institutional Cash 241,436.00 241,436.00 241,436.00 5.380 5.306 5.380 1
11008 R Fidelity Institutional Cash . 1,673,388.00 1,673,388.00 1,673,388.00 5.380 5.306 5.380 1
11009 I Fidelity Institutional Cash 1,822,451,00 1,822,451.00 1,822,451.00 5.380 5.306 5.380 1
11010 I Fidelity Institutional Cash 8,785,622.00 8,785,622.00 8,785,622.00 5.380 5.306 5.380 1
11011 R Fidelity Institutional Cash 2,695,175.00 2,695,175.00 2,695,175.00 5.380 5.306 5.380 1
11012 E Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1
11018 Fidelity Institutional Cash 13,912.00 13,912.00 13,912.00 5.380 5.306 5.380 1
11019 Fidelity Institutional Cash 0.00 0.00 0,00 5.360 5.287 5.360
11020 Fidelity Institutional Cash 0.00 0.00 0.00 5.160 5.089 5.160
06/13/1998 E PD Redevelopment Agency PM - 4
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT AVERAGE PURCHASE STATED . YTM MATURITY DAY:
NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE MAT
FIDELITY TREASURY POOL
11021 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1
11022 Fidelity Institutional Cash 481.00 481.00 481.00 5.380 5.306 5.380 1
11023 Fidelity Institutional Cash 1.00 1.00 1.00 5.440 5.365 5.440
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 1
11027 E Fidelity Institutional Cash 0.00 0.00 0.00 5.410 5.336 5.410 1
11028 Fidelity Institutional Cash 119.00 119.00 119.00 5.380 5.306 5.380 1
11029 Fidelity Institutional Cash 849.00 849.00 849.00 5.380 5.306 5.380 1
11030 R Fidelity Institutional Cash - 675,754.00 675,754.00 675,754.00 5.380 5.306 5.380 - 1
11031 Fidelity Institutional Cash 8.92 8.92 8.92 5.380 5.306 5.380 1
11032 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1
11037 Fidelity Institutional Cash 0.17 0.17 0.17 5.380 5.306 5.380 1
11038 Fidelity Institutional Cash 111.00 111.00 111.00 5.380 5.306 5.380 1
11039 R Fidelity Institutional Cash _ 37,843.00 37,543.00 37,843.00 5.380 5.306 5.380 1
11090 Fidelity Institutional Cash 99.30 99.30 99.30 5.380 5.306 5.380 1
11041 I Fidelity Institutional Cash 102,684.00 102,684.00 102,684.00 5.380 5.306 5.380 1
11042 Fidelity Institutional Cash 12.25 12.25 12.25 5.380 5.306 5.380 1
11044 Fidelity Institutional Cash 35,420.00 35,420.00 35,420.00 5.380 5.306 5.380 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 ,
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 1
11054 Fidelity Institutional Cash 53,917.00 53,917.00 53,917.00 5.410 5.336 5.410 1
11055 Fidelity Institutional Cash 16,418.00 16,418.00 16,418.00 5.380 5.306 5.380 1
11056 Fidelity Institutional Cash 1,494.00 1,494.00 1,494.00 5.380 5.306 5.380 1
11057 Fidelity Institutional Cash 18,856.00 18,856.00 18,856.00 5.380 5.306 5.380 1
11058 Fidelity Institutional Cash 72,680.00 72,680.00 72,680.00 5.380 5.306 5.380 1
11061 Fidelity Institutional Cash 83,254.00 83,254.00 83,254.00 5.380 5.306 5.380 1
11062 Fidelity Institutional Cash 4,333,113.00 4,333,113.00 4,333,113.00 5.380 5.306 5.380 1
11063 Fidelity Institutional Cash 176,094.00 176,094.00 176,094.00 5.380 5.306 5.380 1
11064 Fidelity Institutional Cash 13,992.00 13,992.00 13,992.00 5.380 5.306 5.380 1
11066 Fidelity Institutional Cash 1,817,297.00 1,817,297.00 1,817,297.00 5.380 5.306 5.380 1
11068 Fidelity Institutional Cash 2,211.00 2,211.00 2,211.00 5.380 5.306 5.380 1
11069 Fidelity Institutional Cash 0.00 0.00 0.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 56,554,222.22 56,533,878.64 56,533,878.64
56,533,878.64 5.322 5.396 1
TOTAL INVESTMENTS and AVG. $ 169,720,205.16 169,814,248.40
166,376,962.56 172,123,749.30 5.316% 5.390% 701
06/13/1998 E PO Redevelopment Agency PY1
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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
PASSBOOK/CHECKING
25002 B of A - Self Help Checking 51,504.97 0.000 0.000 0.000
25009 UBC Housing Authority Checking -41,651.83 0.000 0.000 C.000
25010 UBC Housing Authority Trust 571.02 0.000 0.000 0.000
SUBTOTALS and AVERAGES 47,971.35 10,454.70 0.000 .0.00C
Accrued Interest at Purchase 223,427.84
TOTAL CASH $ 233,882.54
TOTAL CASH and INVESTMENTS $ 166,424,933.91 169,954,087.70
•
06/13/1998 E PD Redevelopment Agency PM c
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA
MAY 1, 1998 - MAY 31, 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 5.673 5,200,000.00 2,151.25 19,760,000.00
PASSBOOK/CHECKING (Monthly Summary)
25002 B of A - Self Help Checking 0.000 3,705.77
25009 UBC Housing Authority Checking 0.000 42,902.99
25011 UBC Housing Authority Sweep 4.580 652,342.66
25010 UBC Housing Authority Trust 0.000 430.02
SUBTOTALS and ENDING BALANCE 656,478.45 42,902.99 717,342.66
CASH WITH TRUSTEE -FIRST TRUST (Monthly Summary)
26000 Cash with Trustee 0.000
26001 Cash with Trustee 0.000
26002 Cash with Trustee 0.000
26003 Cash with Trustee 0.000
26004 Cash with Trustee 0.000
26005 Cash with Trustee 0.000
26006 Cash with Trustee 0.000
26007 Cash with Trustee 0.000
26008 Cash with Trustee 0.000
26009 Cash with Trustee 0.000
26011 Cash with Trustee 0.000
26013 Cash with Trustee 0.000
26014 Cash with Trustee 0.000
26015 Cash with Trustee 0.000
SUBTOTALS and ENDING BALANCE 0.00 0.00 0.00
FEDERAL AGENCY ISSUES - COUPON
15022 Federal National Mortgage Assc 5.430 05/18/1998 994,819.88 2,494,724.84
TREASURY SECURITIES - COUPON
10,427,617.13
TREASURY SECURITIES - DISCOUNT
5,920,111 89
06/13/1998 E PD Redevelopment Agency PM - 7
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA
MAY 1, 1998 - MAY 31, 1998 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT % ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
STATE & LOCAL GOVT SERIES
19028 State & Local Govt Ser Securit 0.000 05/14/1998 383,097.00 ....
SUBTOTALS and ENDING BALANCE 0.00 383,097.00 7.436,866.00
STATE & LOCAL GOVT SERIES - COUPON
66,429,662.00
FIDELITY TREASURY POOL (Monthly Summary) •
11002 I Fidelity Institutional Cash 5.410
11003 R Fidelity Institutional Cash 5.410
11004 E Fidelity Institutional Cash 5.410
11005 I Fidelity Institutional Cash 5.380 17,494.00
11006 R Fidelity Institutional Cash 5.380 514.00
11008 R Fidelity Institutional Cash 5.380 6,815.00
11009 I Fidelity Institutional Cash 5.380 7,421.00
11010 I Fidelity Institutional Cash 5.380 35,775.00
11011 R Fidelity Institutional Cash 5.380 10,991.00
11012 E Fidelity Institutional Cash 5.210
11018 Fidelity Institutional Cash 5.380 111,343.00 97,431.00
11019 Fidelity Institutional Cash 5.360
11020 Fidelity Institutional Cash 5.160
11021 Fidelity Institutional Cash 5.360
11022 Fidelity Institutional Cash 5.380 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
11028 Fidelity Institutional Cash 5.380 1.00
11029 Fidelity Institutional Cash 5.380 125.00
11030 R Fidelity Institutional Cash 5.380 2,752.00
11031 Fidelity Institutional Cash 5.380 0.92
11032 Fidelity Institutional Cash 5.150
11037 Fidelity Institutional Cash 5.380 0'17
11038 Fidelity Institutional Cash 5.380 1.00
11039 R Fidelity Institutional Cash 5.380 155.00 333.00
11040 Fidelity Institutional Cash 5.380 0.30
11041 I Fidelity Institutional Cash 5.380 419.00
11042 Fidelity Institutional Cash 5.380 0.25
11044 Fidelity Institutional Cash 5.380 144.00
11046 Fidelity Institutional Cash 5.410
++*• - Indicates incomplete recording of maturity redemption.
06/13/1998 E PD Redevelopment Agency BM
PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE RDA
MAY 1, 1998 - MAY 31, 1998 ACCRUAL
STATED TRANSACTION PURCHASES SALES/MATURITIES
TYPE INVESTMENT 8 ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE
11047 Fidelity Institutional Cash 5.410
11048 Fidelity Institutional Cash 5.220
11049 Fidelity Institutional Cash 5.410
11050 Fidelity Institutional Cash 5.410
' 11051 Fidelity Institutional Cash 5.220
11052 Fidelity Institutional Cash 5.410
11053 Fidelity Institutional Cash 5.410
11054 Fidelity Institutional Cash 5.410
11055 Fidelity Institutional Cash 5.380 399.00
11056 Fidelity Institutional Cash 5.380 410.00
11057 Fidelity Institutional Cash 5.380 79.00 •
11058 Fidelity Institutional Cash 5.380 569.00 65,818.00
11061 Fidelity Institutional Cash 5.380 380.00 7,437.00
11062 Fidelity Institutional Cash 5.380 18,175.00
11063 Fidelity Institutional Cash 5.380 739.00
11064 Fidelity Institutional Cash 5.380 58.00
11066 Fidelity Institutional Cash 5.380 7,622.00
11068 Fidelity Institutional Cash 5.380 9.00
11069 Fidelity Institutional Cash 5.380 230.00 230.00
SUBTOTALS and ENDING BALANCE 222,623.64 171,249.00 56,533,878.64
TOTALS 7,073,921.9/ 599,400.24 169,720,205.16
06/13/1998
PM 9
E PD Redevelopment Agency RDA
INVESTMENT ACTIVITY SUMMARY ACCRUAL
MAY 1997 through MAY 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
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 5 868 744
April 92 115 163,206,958.24 5.303 5.379 5.700 5 2 883 743
May 98 115 169,720,205.16 5.316 5.390 5.673 1 1 853 701
AVERAGES 100 $ 145,297,087.61 5.339% 5.412% 5.641% 5 4 789 674
06/13/1998
PM 10
E PD Redevelopment Agency RDA
DISTRIBUTION OF INVESTMENTS BY TYPE ACCRUAL
MAY 1997 through MAY 1998
MONTH TYPES OF INVESTMENTS -
END YEAR BCD SCD MD1 LA5 PA1 PA2 PA3 MTN BAC COM FAC FAD TRC TRD MCI MCI
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 21.7
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
May 98 11.6 0.4 1.5 6.1 3.5 4.4 39.1 33. 3
AVERAGES 0.1& 0.0% 10.2% 0.0% 6.6% 1.8% 9.9% 1.4% 4.7% 35.9% 29.5%
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
06/13/1998 PM
E PD Redevelopment Agency RDA
INTEREST EARNINGS SUMMARY ACCRUAL
MAY 31, 1998
MONTH ENDING FISCAL
MAY 31, 1998 YEAR TO DATE
CD/Coupon/Discount Investments:
Interest Collected $ 0.00 $ 4,269,528.00
PLUS Accrued Interest at End of Period 787,814.21 880,814.2:
LESS Accrued Interest at Beginning of Period 369,229.16) ( 990,105.60.
•
Interest Earned during Period $ 418,585.05 4,609,233.61 -
ADJUSTED by Premiums and Discounts -42.01 20,463.'2
ADJUSTED by Capital Gains or Losses 0.00 0.00
Earnings during Period 418,543.04 $ 4,629,697.33
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 $ 114,951.00 $ 2,608,391.69
PLUS Accrued Interest at End of Period 225,105.96 225,105.96
LESS Accrued Interest at Beginning of Period -3,498.94( ! 46,996.01
Interest Earned during Period $ 343,555.90 $ 2,880,493.66
TOTAL Interest Earned during Period $ 762,140.95 $ 7,489,727.27
TOTAL Ajustments from Premiums and Discounts $ -42.01 $ 20,463.72
TOTAL Capital Gains or Losses $ 0.00 $ 0.00
TOTAL Earnings during Period $ 762,098.94 $ 7,510,190.99
06/13/1998 RDA $100 Million Bond PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS • RDA
MAY 31, 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 8,785,622.00 8,785,622.00 8,785,622.00 5.380 5.306 5.380 1
11011 R Fidelity Institutional Cash 2,695,175.00 2,695,175.00 2,695,175.00 5.380 5.306 5.380 1
11012 E Fidelity Institutional Cash - 0.00 0.00 0.00 5.210 5.139 5.210 11018 Fidelity Institutional Cash 13,912.00 13,912.00 13,912.00 5.380 5.306 5.380
11037 Fidelity Institutional Cash 0.17 0.17 0.17 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 11,494,709.17 11,494,709.17
11,494,709.17 5.306 5.380
TOTAL INVESTMENTS and AVG. $ 11,494,709.17 11,494,709.17
11,494,709.17 5,3069 5.380%
06/13/1998 RDA $100 Million Bond PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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
26000 Cash with Trustee 1.13 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 11,494,710.30
•
06/13/1998 RDA $17.5 Million Bond PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM - -- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TC MAT
FIDELITY TREASURY POOL
11008 R Fidelity Institutional Cash 1,673,388.00 1,673,388.00 1,673,388.00 5.380 5.306 5.380
11009 I Fidelity Institutional Cash 1,822,451.00 1,822,451.00 1,822,451.00 5.380 5.306 5.380 1
11021 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1
11022 Fidelity Institutional Cash 481.00 481.00 481.00 5.380 5.306 5.380 1
- 11023 Fidelity Institutional Cash 1,00 1.00 1.00 5.440 5.365 5.440 1
SUBTOTALS and AVERAGES 3,496,321.00 3,498,321.00
3,496,321.00 5.306 5.380 1
•
TOTAL INVESTMENTS and AVG. $ 3,496,321.00 3,496,121.00
3,496,321.00 5.306% 5.380% 1
06/13/1998 RDA $19.5 Million Bond PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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 $ 3,496,322,70
06/13/1998 RDA $24 Million Bond PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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 5.410 _
11003 R Fidelity Institutional Cash 1,955,525.00 1,955,525.0E 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 1
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 849.00 849.00 849.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 26,983,388.00 26,983,388.00
26,983,388.00 5.336 5.410 1
TOTAL INVESTMENTS and AVG. $ 26,983,388.00 26,983,388.00
26,983,388.00 5.3369 5.410$ 1
06/13/1998 RDA $24 Million Bond PM.
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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 $ 26,983,389.70
06/13/1998 RDA $4 Million Bond PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT • PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE PACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
TREASURY SECURITIES - COUPON •
17013 R Unites States Treasury 07/01/95 106,105.09 104,000.00 107,185.00 7.750 6.098 6.182 11/30/99
FIDELITY TREASURY POOL •
11005 I Fidelity Institutional Cash 4,180,913.00 4,180,913.00 4,180,913.00 5.380 5.306 5.380 1
11006 R Fidelity Institutional Cash 241,436.00 241,436.00 241,436.00 5.380 5.306 5.380 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
11028 Fidelity Institutional Cash 119.00 119.00 119.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 4,422,468.00 4,422,468.00
4,422,468.00 5.306 5.380
TOTAL INVESTMENTS and AVG. $ 4,528,573.09 4,529,653.00
4,526,468.00 5.325% 5.399% 14
06/13/1998 RDA $4 Million Bond PM _
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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 $ 4,528,574.09
.06/13/1998 Low Mod Set-aside Refunding PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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
11030 R Fidelity Institutional Cash 675,754.00 675,754.00 675,754.00 5.38C 5.306 ° 356
11031 Fidelity Institutional Cash 8.92 8.92 8.92 5.380 5.306 5.386 .
11032 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.15C -
11040 Fidelity Institutional Cash 99.30 99.30 99.30 5.380 5.306 5.380
SUBTOTALS and AVERAGES 675,862.22 675,862.22
675,862.22 5.306 5.380 1
TOTAL INVESTMENTS and AVG. 6 675,862.22 675,862.22 •
675,862.22 5.3061 5.380% 1
06/13/1998 Low Mod Set-aside Refunding pM
INVESTMENT PORTFOLIO DETAILS - CASH -...
MAY 31, 1998
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 $ 675,863.89
06/13/1998 Proj Area 1-1997 refunding PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
STATE & LO8➢i 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 10/01/98 122
19009 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/25/99 290
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 04/01/99 304
19011 State & Local Govt Ser Secu 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 09/16/99 472
. 19012 State & Local Govt Ser Secu 07/24/97 177,191.00 177,191.00 177,191.00 0.000 0.000 0.000 10/01/99 487
19013 State & Local Govt Ser Secu 07/24/97 12,657.00 12,657.00 12,657.00 0.000 0.000 0.000 03/09/00 647
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 04/01/00 670
19015 State & Local Govt Ser Secu 07/24/97 361,813.00 361,813.00 361,813.00 0.000 0.000 0.000 04/12/00 681
19016 State & Local Govt Ser Secu 07/24/97 158,275.00 158,275.00 158,275.00 0.000 0.000 0.000 10/05/00 857
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 1,032
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 04/01/01 1,035
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 1,207
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 1,218
19021 State & Local Govt Ser Sect 07/24/97 12,656.00 12,656.00 12,656.00 0.000 0.000 0.000 03/14/02 1.382
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 17
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 52
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 87
19032 State & Local Govt Ser Sect 04/27/98 349,157.00 349,157.00 349,157.00 0.000 0.000 0.000 10/01/98 122
SUBTOTALS and AVERAGES 7,436,866.00 7,436,866.00
7,436,866.00 0.000 0.000 546
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 1,400
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 1,417
SUBTOTALS and AVERAGES 66,429,662.00 66,429,662.00
66,429,662.00 5.760 5.840 1,416
FIDELITY TREASURY POOL
11056 Fidelity Institutional Cash 1,494.00 1,494.00 1,494.00 5.380 5.306 5.380 1
11057 Fidelity Institutional Cash 18,856.00 18,856.00 18,856.00 5.380 5.306 5.380 1
11068 Fidelity Institutional Cash 2,211.00 2,211.00 2,211.00 5.380 5.306 5.380 1
11069 Fidelity Institutional Cash 0.00 0.00 0.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 22,561.00 22,561.00
22,561.00 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 73,889,089.00 73,889,089.00
73,889,089.00 5.180% 5.252% 1,320
06/13/1998 Proj Area 1-1997 refunding PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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
26011 Cash with Trustee 4.00 0.000 0.000 0 00.1
TOTAL CASH and INVESTMENTS $ 73,889,093.00
06/13/1998 1996 Desert Rose Series A PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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 _
11047 Fidelity Institutional Cash 1,092,665.00 1,092,665.00 1,092,665.00 5.410 5.336 5.410 .
11048 Fidelity Institutional Cash 0.00 0.00 0_00 5.220 5.148 5.220 .
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 1
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% 5.410% 1
06/13/1998 1996 Desert Rose.Series A PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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
26008 Cash with Trustee 6.39 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 2,730,021.39
06/13/1998 1996 Desert Rose Series B
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS
MAY 31, 1998 ACCRUAi.
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 5.410
11050 Fidelity Institutional Cash 2,602.00 2,602.00 2,602.00 5.410 5.336 5.410
_ 11051 . Fidelity Institutional Cash 0.00 0.00 0.00 5.220 5.148 5.22C -
11052 Fidelity Institutional Cash 16,970.00 16,970.00 16,970.00 5.410 5.336 5 410
SUBTOTALS and AVERAGES - 19,636.00 19,636.00
19,636.00 5.336 5.410 1
TOTAL INVESTMENTS and AVG. $ 19,636.00 19,636.00
19,636.00 5.336% 5.4103 1
06/13/1996 1996 Desert Rose Series B PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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 $ 19,637.64
06/13/1998 Blythe County Court Admin Ctr -
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RCA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
FEDERAL AGENCY ISSUES - COUPON
15008 R Federal Farm Credit 09/13/96 499,904.96 500,000.00 500,312.50 6.125 6.312 6.4CC 03/09/96 1.3.
FIDELITY TREASURY POOL
11038 Fidelity Institutional Cash 111.00 111.00 111.00 5.380 5.306 5.360 .
11039 R Fidelity Institutional Cash 37,843.00 37,843.00 37,843.00 5.380 5.306 5.380 1
11041 I Fidelity Institutional Cash 102,684.00 102,684.00 102,684.00 5.380 5.306 5.380 1
11042 Fidelity Institutional Cash 12.25 12.25 12.25 5.380 5.306 5.380 1
11044 Fidelity Institutional Cash 35,420.00 35,420.00 35,420.00 5.380 5.306 5.380 1
11055 Fidelity Institutional Cash 16,418.00 16,418.00 16,418.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 192,488.25 192,488.25
192,498.25 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 692,393.21 692,500,75
692,488.25 6.032% 6.116% 28
06/13/1998 Blythe County Court Admin Ctr PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA -
MAY 31, 1996 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY ➢AYS
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 $ 692,397.05
06/13/1998 RDA Desert Rose Bond Issue Pm - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
•
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT
TOTAL INVESTMENTS and AVG. $ 0.00 0.00
0.00 0.000% 0.0008
06/13/1998 RDA Desert Rose Bond Issue PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 36C 365 DATE ... MAT
CASH WITH TRUSTEE -FIRST TRUST
26001 Cash with Trustee 3.88 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS 5 3.88
-32
•
06/13/1998 Housing Set-aside Series 1998 PM. ..
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED - YTM MATURITY DAY-
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE ._
PASSBOOK/CHECKING
25011 UBC Housing Authority Sweep 717,342.66 717,342.66 717,342.66 4.580 4-517 4 582- .
TREASURY SECURITIES - COUPON
17086 Unites States Treasury 01/22/98 147,790.51 148,000.00 147,768.75 4.750 5.256 5.329 08/31/98 91
17067 Unites States Treasury 01/22/98 151,159,64 151,000.00 151,000.00 5.500 5.273 5.347 02/28/99 272
17088 Unites States Treasury 01/22/98 155,961.15 155,000.00 155,484.38 5.875 5.274 5.347 08/31/99 456
17089 Unites States Treasury 01/22/98 164,652.08 160,000.00 164,050.00 7.125 5.266 5.339 02/29/00 638
17090 Unites States Treasury 01/22/98 169,068.20 166,000.00 168,386.25 6.250 5.282 5.355 08/31/00 822
17091 Unites States Treasury 01/22/98 171,105.19 170,000.00 170,265.63 5.625 5.289 5.363 02/28/01 1,003
17092 Unites States Treasury 01/22/98 181,626.31 176,000.00 180,675.00 6.500 5.329 5.403 08/31/C1 1,187
17093 Unites States Treasury 01/22/98 185,907.12 181,000.00 184,902.81 6.250 5.357 5.431 02/25/02 1,368
17095 Unites States Treasury 01/22/98 435,528.33 422,700.00 432,739.13 6.250 5.357 5.432 08/31/02 5,552
17096 Unites States Treasury 01/22/98 417,497.23 405,200.00 414,823.50 6.250 5.357 5.432 OR/31/02 .. 52
17097 Unites States Treasury 01/22/96 9,376.17 9,100.00 9,316.13 6.250 5.357 5 432 C4/31/C2 .
SUBTOTALS and AVERAGES 2,169,671.93 2,179,411.58
2,144,000.00 5.318 5.392 1,073
TREASURY SECURITIES - DISCOUNT
18023 Unites States Treasury 01/22/98 150,794.82 198,000.00 152,831.25 4.704 5.374 5.449 02/15/03 1,720
18025 Unites States Treasury 01/22/98 130,167.96 181,000.00 132,016.88 4.628 5.434 5.509 02/15/04 2,085
18027 Unites States Treasury 01/22/98 4,989,671.22 7,143,000.00 5,067,065.63 4.590 5.464 5.540 08/15/04 2,267
18028 Unites States Treasury 01/22/98 394,279.47 532,400.00 399,300.00 4.662 5.395 5.470 08/15/03 1,901
18029 Unites States Treasury 01/22/98 255,200.42 344,600.00 258,450.00 4.662 5.395 5.470 08/15/03 1,901
SUBTOTALS and AVERAGES 5,920,113.89 6,009,663.76
8,399,000.00 5.454 5.529 2,209
FIDELITY TREASURY POOL
11058 Fidelity Institutional Cash 72,680.00 72,680.00 72,680.00 5.380 5.306 5.380 1
11066 Fidelity Institutional Cash 1,817,297.00 1,817,297.00 1,817,297.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 1,889,977.00 1,889,977.00
1,889,977.00 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 10,717,105.48 10,796,395.00
13,150,319.66 5.337% 5.4118 1,440
06/13/1998 Housing Set-aside Series 1998 PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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
25009 UBC Housing Authority Checking -41,651.83 0.000 0.000 0.000
25010 UBC Housing Authority Trust 571.02 0.000 0.000 0.000
SUBTOTALS and AVERAGES -41,078.96 0.000 0.000
Accrued Interest at Purchase 51,709.02
TOTAL CASH $ 10,630.06
TOTAL CASH and INVESTMENTS $ 10,727,735.54
06/13/1998 Project Area 4 Tax Alloc. 1998 PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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 1,383,387.26 1,368,000.00 1,384,672.50 6.125 5.523 5.599 09/30/00 852
17099 Unites States Treasury 03/10/98 1,579,924.61 1,547,000.00 1,582,774.38 6.375 5.582 5.659 09/30/01 1,217
17100 Unites States Treasury 03/10/98 1,502,499.10 1,511,000.00 1,507,694.69 4.750 5.390 5.465 09/30/98 .01
17101 Unites States Treasury 03/10/98 1,677,018.95 1,673,000.00 1,676,659.69 5.750 5.480 5
SUBTOTALS and AVERAGES 6,147,829.92 6,151,801.26
6,099,000.00 5.494 5 570 96,
FIDELITY TREASURY POOL
11061 Fidelity Institutional Cash 83,254.00 83,254.00 83,254.00 5.380 5.306 5.380 1
11062 Fidelity Institutional Cash 4,333,113.00 4,323,113.00 4,333,113.00 5.380 5.306 5.380 1
11063 Fidelity Institutional Cash 176,094.00 176,094.00 176,094.00 5.380 5.306 5.380 1 .
11064 Fidelity Institutional Cash 13,992.00 13,992.00 13,992.00 5.380 5.306 5.380 1
SUBTOTALS and AVERAGES 4,606,453.00 4,606,453.00
4,606,453.00 5.306 5.380 1
TOTAL INVESTMENTS and AVG. $ 10,754,282.92 10,758,254.26
10,705,453.00 5.413% 5-4894 382
06/13/1998 Project Area 4 Tax Alloc. 1998 PM
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED - ....
NUMBER ISSUER DATE HOOK VALUE FACE VALUE MARKET VALUE RATE 360 360 ^A
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 $ 10,909,260.97
06/13/1998 Redevelopment Agency - General PM 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 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 19,760,000.00 19,760,000.00 19,760,000.00 5.673 5.595 5.673 1
FEDERAL AGENCY ISSUES - COUPON
15020 Federal National Mortgage A 10/03/97 1,000,000.00 1,000,000.00 1,000,312.50 5.630 5.621 5.699 08/14/98 74
15022 Federal National Mortgage A 05/18/98 994,819.88 1,000,000.00 995,312.50 5.430 5.769 5.849 01/27/00 605
SUBTOTALS and AVERAGES 1,994,819.88 1,995,625.00
2,000,000.00 5.694 5.774 339
TREASURY SECURITIES - COUPON
17083 Unites States Treasury 03/21/97 1,984,010.19 2,000,000.00 1,992,500.00 5.000 6.124 6.209 02/15/99 259
TOTAL INVESTMENTS and AVG. $ 23,738,830.07 23,748,125.00
23,760,000.00 5.6488 5.726% 51
06/13/1998 Redevelopment Agency - General PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TC MAT
CASH WITH TRUSTEE -FIRST TRUST
26006 Cash with Trustee 0.01 0.000 0.000 0.000
Accrued Interest at Purchase 16,742.50
TOTAL CASH $ 16,742.51
TOTAL CASH and INVESTMENTS 6 23,755,572.56
06/13/1998 Self Help Checking PM - 2
INVESTMENT PORTFOLIO DETAILS - INVESTMENTS RDA
MAY 31, 1998 ACCRUAL
INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS
NUMBER ISSUER DATE BOOR 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
06/13/1998 Self Help Checking PM - 3
INVESTMENT PORTFOLIO DETAILS - CASH RDA
MAY 31, 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 51,504.97 0.000 0.000 0.000
TOTAL CASH and INVESTMENTS $ 51,504.97
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