C ITY OF H UNTINGTON B EACH C ITY T REASURER S R EPORT Period - - PowerPoint PPT Presentation

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C ITY OF H UNTINGTON B EACH C ITY T REASURER S R EPORT Period - - PowerPoint PPT Presentation

Jul 27, 2023 17 likes •120 views

C ITY OF H UNTINGTON B EACH C ITY T REASURER S R EPORT Period Ending: March 31, 2015 Alisa Cutchen, CCMT, CPFIM City Treasurer C ITY T REASURER S M ISSION : P RESERVATION AND R ETURN OF I NVESTMENTS Portfolio governed by:

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SLIDE 1

CITY OF HUNTINGTON BEACH

CITY TREASURER’S REPORT

Period Ending: March 31, 2015

Alisa Cutchen, CCMT, CPFIM City Treasurer

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SLIDE 2

CITY TREASURER’S MISSION:

PRESERVATION AND RETURN

OF INVESTMENTS

Portfolio governed by:

 California State Regulations  City’s Investment Policy – Certified

by California Municipal Treasurers Association

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SLIDE 3

CITY TREASURER’S MISSION:

PRESERVATION AND RETURN

OF INVESTMENTS

Goal: Own Legal AND Suitable

Investments to meet the objectives:

 Safety of Principal  Adequate Liquidity  Market Rate of Return

In this absolute order of priority

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SLIDE 4

CITY TREASURER’S MISSION:

PRESERVATION AND RETURN

OF INVESTMENTS

Frequently Utilized Investments:

 U.S. Treasury Bills, Bonds and

Notes

 U.S. Federal Agency Issues  Corporate Notes/Bonds  LAIF (CA State Pool)

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SLIDE 5

INTEREST RATE VOLATILITY:

5-YEAR TREASURY YIELD: JAN-MAR 2015

1/2/15: 1.18% 3/6/15: 1.7% (High) 3/31/15: 1.37%

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SLIDE 6

PORTFOLIO OVERVIEW:

INVESTMENT SUMMARY

Investment Type Market Value Book Value % of Portfolio Federal Agency Issues 140.11 $ 140.02 $ 70% Local Agency Investment Fund (LAIF) 22.30 $ 22.30 $ 11% Corporate Bonds 37.28 $ 37.19 $ 19% Total Portfolio 199.68 $ 199.51 $ 100%

$ in millions:

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SLIDE 7

PORTFOLIO OVERVIEW:

INVESTMENTS BY TYPE

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SLIDE 8

$ in millions

PORTFOLIO OVERVIEW:

HISTORICAL BOOK VALUE

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SLIDE 9

PORTFOLIO PERFORMANCE:

AS OF MARCH 31, 2015

  • Monthly Earnings for Mar 2015:

$175,525

  • vs. budgeted:

$100,000

  • Fiscal YTD Earnings through Mar 2015:

$893,851

  • vs. budgeted:

$600,000

  • Fiscal YTD Effective Rate of Return:

1.02%

  • vs. benchmark:

0.39%

  • Benchmark per Investment Policy: Average of monthly LAIF rate and 12-month rolling

average 2-year Constant Maturity Treasury Rate

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SLIDE 10

QUESTIONS?