Item 6b June 10, 2019 Finance & Insurance Committee Item 6b - PowerPoint PPT Presentation

May 27, 2023 •144 likes •243 views

Finance & Insurance Committee Item 6b June 10, 2019 Finance & Insurance Committee Item 6b Slide 1 June 10, 2019 $4.1 Billion As of June 1, 2019 Fixed 69% $2.82 billion 12% 19% Synthetic Fixed $494 million Variable $797

Finance & Insurance Committee Item 6b June 10, 2019 Finance & Insurance Committee Item 6b Slide 1 June 10, 2019
$4.1 Billion As of June 1, 2019 Fixed 69% $2.82 billion 12% 19% Synthetic Fixed $494 million Variable $797 million Finance & Insurance Committee Item 6b Slide 2 June 10, 2019
Lower costs than bond financing Refunding debt for savings greater than could be achieved in the tax-exempt municipal bond market Took advantage of a large, liquid swap market Multi trillion dollar market Assurance of low cost, competitive, market rates Finance & Insurance Committee Item 6b Slide 3 June 10, 2019
Floating to Fixed Rate Swap (Fixed Payer Swap) Fixed Rate MWD Counterparty Variable Rate Index Tax-Exempt Variable Rate Variable Rate Swap rates are less Bondholder than Fixed Rate Municipal Bonds Finance & Insurance Committee Item 6b Slide 4 June 10, 2019
Historical Notional Amount Outstanding Fiscal Year End Swaps Maturing and Swap Terminations $ in Millions $1.94B Jan. 2007 $2,000 $1,500 $1,000 $652M $494M $500 $0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Finance & Insurance Committee Item 6b Slide 5 June 10, 2019
Projected Notional Amount Outstanding Fiscal Year End $ in Millions $600 $494M $400 $200 $30M $0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Finance & Insurance Committee Item 6b Slide 6 June 10, 2019
As of March 31, 2019 Counterparty Swaps Outstanding; Ratings; and Swap Market Values: JPMorgan Chase Bank $216 million; Aa2/A+/AA; ($23.7) million Wells Fargo Bank, N.A. $158.6 million; Aa2/A+/AA-; ($17.9) million Morgan Stanley Capital Services Inc. $83.6 million; A3/BBB+/A; ($6.0) million Citigroup Financial Products Inc. $35.4 million; A3/BBB+/A; ($4.4) million Eight swaps from $6.3 million to $158.6 million Swap Contracts Outstanding: $493.6 million Mark-to-Market Value: ($52.0) million Collateral Posting: $0 Savings to date: $118.6 million Finance & Insurance Committee Item 6b Slide 7 June 10, 2019
Swap program has been well managed Swap exposure has been reduced with swap terminations and scheduled amortization Continued reductions based on scheduled swap amortization To date savings have exceeded original projections Finance & Insurance Committee Item 6b Slide 8 June 10, 2019

Download Presentation

Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend

$Pathfinder: /| child::element person { item* } (iter, item1) /| child::element closed_auction {$

Pathfinder: /| child::element person { item* } (iter, item1) /| child::element closed_auction {

SERIALIZE (item, pos) ROW# (pos:<pos1>) (pos1, item) FRAG_UNION |X| (iter = iter1) FRAGs ROOTS ELEM (iter1, item:<iter1, item><iter1, pos, item>) ELEM_TAG (iter1, item, pos) @ (item), val: item ROW#

300 views • 13 slides

P l a n n i n g C o m m i s s i o n 1 Item 3 Item 3 Item 3: Introduction of new Planning

F e b r u a r y 2 4 , 2 0 1 6 P l a n n i n g C o m m i s s i o n 1 Item 3 Item 3 Item 3: Introduction of new Planning Commissioner Ivin Rhyne 2 I t e m 4 I t e m 4 Planning Commission Bylaws (Number E 2) Annually the newly

453 views • 43 slides

P l a n n i n g C o m m i s s i o n 1 A g e n d a A g e n d a Item 3: Continuation of the

M a r c h 2 3 , 2 0 1 6 P l a n n i n g C o m m i s s i o n 1 A g e n d a A g e n d a Item 3: Continuation of the Sign Code Update (Article 63) from the March 23, 2016 meeting Item 4: Sierra Central Credit Union Drive Through Item 5:

582 views • 43 slides

Mental Health Adult Pre-Charge Diversion Program Agenda Why Pre-Charge Diversion? Item 1 Item 1

Mental Health Adult Pre-Charge Diversion Program Agenda Why Pre-Charge Diversion? Item 1 Item 1 Program Development Item 2 Item 2 Program Description & Criteria Item 3 Item 3 Service Process Item 4 Item 4 Outcomes & Future

217 views • 18 slides

Item 1. Opening 14-01-28 1 14-01-28 2

Item 1. Opening 14-01-28 1 14-01-28 2 Item 4. 14-01-28 3 Item 5a. Trails and Mee=ng Places Presenta=on Sheri Longboat,

850 views • 20 slides

1. Welcome/Introductions 2. Approve Minutes (Action Item) 3. Governance Update (Action Item) 4.

AGENDA 1. Welcome/Introductions 2. Approve Minutes (Action Item) 3. Governance Update (Action Item) 4. Homeless Awareness Month (Action Item) 5. Committee Updates 6. Recommendations to USICH on Federal Strategic Plan (Action Item) 7.

407 views • 37 slides

Item 271612 Romanov Plated Desk Box Item 57509BLK Crown Enamel Silver Cufflinks Black Item

MEN'S GIFT A pair of cufflinks and a tiepin designed from the crowned imperial initials of Nicholas and Alexandrain monogram form in gold platinum, set with rose diamonds, cabochon rubies, and square-cut apphires. Dated October 10, 1912 Item

182 views • 4 slides

GRP DIVISION REVIEW COMMITTEE MEETING MAY 26, 2020 Item 2 Public Comments Item 3

GRP DIVISION REVIEW COMMITTEE MEETING MAY 26, 2020 Item 2 Public Comments Item 3 Approval of Minutes Item 4 GRP Division Updates Item 5 GRP Items for Consideration by the SJRA Board of Directors on May 28, 2020 a. Discuss

918 views • 61 slides

Countywide Integrated Waste Management Plan Five-Year Review Ad Hoc Committee August 9, 2019

Countywide Integrated Waste Management Plan Five-Year Review Ad Hoc Committee August 9, 2019 Item 1 : Introductions Item 2 : Oath of Office Item 3 : Election of Chair Action Item Item 4 : Public comment for items not on the agenda Item 5:

652 views • 32 slides

The Clinician and Detention By howardgoldenberg Recently Dr David Isaacs, a courageous

THREE UNPUBLISHED REPORTS FROM CHRISTMAS ISLAND DETENTION CENTRE, 2009 AUTHOR, HOWARD GOLDENBERG ITEM 1 THE SLASHED AND THE HANGED ITEM 2 HUNGERING ITEM 3 TAROUF ITEM FROM BRITISH JOURNAL OF MEDICAL ETHICS AUTHOR HOWARD GOLDENBERG The Tooth

439 views • 16 slides

Docket Item: Open Educational Resources (OER) findings and recommendations Summary: This item

HIGHER EDUCATION COORDINATING COMMISSION June 14, 2018 Docket Item #: 8.0 Docket Item: Open Educational Resources (OER) findings and recommendations Summary: This item presents research conducted by a team of students from the University of

304 views • 27 slides

FAST OMC August 6, 2020 1 Item #1 CONDUCT A COMMENT PERIOD FOR CITIZENS PARTICIPATION Item #2

MEETING WILL BEGIN SHORTLY FAST OMC August 6, 2020 1 Item #1 CONDUCT A COMMENT PERIOD FOR CITIZENS PARTICIPATION Item #2 ELECT A CHAIR AND VICE CHAIR FOR FISCAL YEAR 2021 2 Item #3 APPROVAL OF THE MINUTES: MEETING OF JUNE 4, 2020 Item

447 views • 21 slides

Item No 10.3 - Lot 942 (23) Peacock Street, Cloverdale Location Plan TA13 Item No 10.3 - Lot 942

TA12 Item No 10.3 - Lot 942 (23) Peacock Street, Cloverdale Location Plan TA13 Item No 10.3 - Lot 942 (23) Peacock Street, Cloverdale Extract from Local Planning Scheme Map Showing Zoning of Subject Site and Surrounding Zonings TA14 Item No

122 views • 9 slides

Financial Audit & Management Review Discussion of BOT Ac.on Item #17-03 Office of Hawaiian

Financial Audit & Management Review Discussion of BOT Ac.on Item #17-03 Office of Hawaiian Affairs February 2, 2017 Prepared by Trustee Kelii Akina 1. Intent of Ac9on Item Ac.on Item #17-03 2 The proposed ac9on item DOES NOT call for

269 views • 13 slides

AGENDA 1. Welcome and Introductions 2. Public Comment 3. Approve Minutes (Action Item) 4.

AGENDA 1. Welcome and Introductions 2. Public Comment 3. Approve Minutes (Action Item) 4. COH Committee Updates (Action Item) 5. Census Update (Action Item) 6. Policy Update (Action Item) 7. 2020 CoC Priority Plan (Action Item) 8.

1.39k views • 89 slides

Single Rotation k2 k1 k1 k2 h Z X X Y Y Z New item Suppose an item is added at the

Single Rotation k2 k1 k1 k2 h Z X X Y Y Z New item Suppose an item is added at the bottom of subtree X, thus causing an imbalance at k2. Then pull k1 up. Note that after the rotation, the height of the tree is the same as it was

702 views • 53 slides

Presentation to Counterparty Banks London, November 2003 Johan Burger CFO FirstRand Ltd Agenda

Presentation to Counterparty Banks London, November 2003 Johan Burger CFO FirstRand Ltd Agenda What is FirstRand? Growth strategy International strategy The numbers Risk management Capital management Prospects

750 views • 61 slides

Presentation to Wholesale Credit Counterparties July 10 th 2009 C O N F I D E N T I A L A N D

Presentation to Wholesale Credit Counterparties July 10 th 2009 C O N F I D E N T I A L A N D P R I V A T E S T R I C T L Y Index Page Contents 2 Introduction 5 Vision 12 Integration 16 Liquidity 20 Capital 26 Risk 34

410 views • 38 slides

Investor Presentation Third Quarter 2018 Results Non-GAAP Financial Measures SemGroups

November 2018 Investor Presentation Third Quarter 2018 Results Non-GAAP Financial Measures SemGroups non-GAAP measures, Adjusted EBITDA, Cash Available for Dividends (CAFD) and Total Segment Profit, are not GAAP measures and are not intended

678 views • 43 slides

on Multicore Systems Prasad Pawar Nishant Kumar Amit Kalele Tata Consultancy Services Limited

Counterparty Credit Risk and IM Computation for CCP on Multicore Systems Prasad Pawar Nishant Kumar Amit Kalele Tata Consultancy Services Limited 1 Overview Introduction Counter Party Credit Risk Basic Terminology Sequential

782 views • 55 slides

M EMORANDUM To: Board of Trustees, Fresno Country Employees Retirement Association From:

W U R T S A S S O C I A T E S M EMORANDUM To: Board of Trustees, Fresno Country Employees Retirement Association From: Jeffrey MacLean, Wurts & Associates Date: May 1, 2008 Re: Counterparty Risk In light of the recent problems

546 views • 30 slides

Managing Risk with Counterparties Facing Financial Difficulties: Practical Strategies for

Managing Risk with Counterparties Facing Financial Difficulties: Practical Strategies for Nonprofits September 15 th , 2009 Panel Jeffrey Tenenbaum, Esq., Partner, Venable LLP Larry Katz, Esq., Partner, Venable LLP Moxila

249 views • 9 slides

January 28, 2019 Safe Harbor Statement This document may contain forward- looking statements that

Fourth Quarter 2018 Earnings Presentation January 28, 2019 Safe Harbor Statement This document may contain forward- looking statements that reflects managements expectations for the future. The Private Securities Litigation Reform Act of 1995

230 views • 7 slides

Collateral Management Harmonisation Survey on tax processes and workflows CMH-TF Frankfurt,

Collateral Management Harmonisation Survey on tax processes and workflows CMH-TF Frankfurt, 08 November 2018 Rubric Introduction Harmonisation of taxation processes and workflows AMI-SeCo/CMH-TF identified the need to harmonise taxation

566 views • 14 slides