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Quarterly Investment Report A ~ CITY OF DUBUQUE, IOWA MEMORANDUM November 2,2000 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: September 30, 2000 Quarterly Investment Report MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Tim Moerman, Assistant City Manager Ken TeKippe, Finance Director D C':) C" 0':'::. -::- ......- .=r] r-= C) .' ~..:= in I - , :'") ) G.) I - ;JJ 5) Co) :::"';~ ,- C" ',,- j;-'>> '.-'f~ C,;", m ..-'.h, (j' CJ (1) L.) fv Finance Department 50 West 13th Street Dubuque, Iowa 52001-4864 TIiEC~~ DUB~E ~~~ TO: Michael Van Milligen, City Manager FROM: Kenneth 1 ~ Te~ppe, Finance Director ,'~12.V;~ September 30, 200~ Quarterly Investment Report RE: DATE: October 19, 2000 INTRODUCTION The purpose of the memorandum is to transmit the quarterly investment report as prescribed within the City of Dubuque Investment Policy Section 17.0 "Reporting." DISCUSSION This report covers the period from July 1, 2000 through September 30,2000. The report includes: Cash Investments and Investment Earnings Summary for quarter ended September 30, 2000 and fiscal year to date Monthly Investment Summary Schedule of City Funds Schedule of U.S. Treasury Securities Schedule of Certificates of Deposit The valuations reflect the same basis that the assets are carried on the financial records of the City. The City of Dubuque is in compliance with the Investment Policy. REQUESTED ACTION This report is for your review and filing with the Honorable Mayor and City CounciL Enclosures Service People Integrity Responsibility Innovation Teamwork CITY OF DUBUQUE CASH, INVESTMENTS AND INVESTMENT EARNINGS SUMMARY FOR THE QUARTER ENDED SEPTEMBER 30, 2000 AND FISCAL 2000-2001 YEAR- TO-DATE DESCRIPTION CHECKlNGISA VINGS ACCOUNTS MUTUAL FUNDS INVESTMENT POOLS CERTIFICATES OF DEPOSIT REPURCHASE AGREEMENTS US TREASURY SECURITIES FEDERAL AGENCY SECURITIES CORPORATE STOCK INVESTMENT ADVISOR ACCOUNTS INVESTMENTS MARKET VALUE CARRYING (INCLUDING VALUE ACCRUED INTEREST) 4,150,804 4,150,804 o 0 o 0 4,850,195 4,947,116 o 0 21,723,845 22,212,490 o 0 10,390 112,420 22,007,140 22,124,129 52,742,374 53,546,959 CASH ACCOUNTS 34,823 34,823 TOTAL FUNDS AVAILABLE 52,777,197 53,581,782 CITY METRO COMBINED 45,284,843 7,492,354 52,777,197 46,089,428 7,492,354 53,581,782 CASH BASIS GROSS EARNINGS: CITY METRO COMBINED UARTER YR-TO-DATE 710,212 4,009 714,221 INVESTMENT FEES: CITY METRO COMBINED 34,938 106 35 045 NET EARNINGS: CITY METRO COMBINED 675,274 3,902 679 177 UNREALIZED GAIN (LOSS) I ACCRUED INT o o o 96,921 o 488,645 o 102,030 116,989 804,585 o 804,585 804,585 o 804,585 ,-., ~ ,-., V> M -0 r-- gr--Or-- V> 0 CP\ V> OV>O ~ ~ ~ -0 V> 00 00 -0 ~ ~ r-- ~ "'MM 0"':0'" '" 'i.. ~~;i M V> 1:'-.,)""'; - V> - M ~ ]~I '" V>MM r-- M '" M M M M -0 M '" V> ~ 00000 ~ "". r-- .... 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N ~ .l;! ] s:: s:: ;-: CITY OF'DUBUQUE SCHEDULE OF' CITY JI'UNDS Month Ending: S~30-o0 MANAGED FUNDS I PORTFOLIO TOTAL COMPOSITION COST CITY FUNDS PERCENTAGE BASIS PERCENTAGE DANA INVESTMENT ADVISORS, 1Ne.: CASH 0.00% 0.00 TRUST SAVINGS ACCOUNT 0.00% 0.00 MUTUAL FUNDS (US GOVERNMENl) 2.29% 166,847.58 CERTIFICATES OF DEPOSIT 0.00% 0.00 US TREASURY OBLIGATIONS O.OOOA. 0.00 FEDERAL AGENCY OBLIGA noNS 97.71% 7,112,271.25 TOTAL 100.00% 7,279,J J8.83 13.79% DUBUQUE BANK a TRUST COMPANY: CASH 0.00% 0.00 nUST SAVINGS ACCOUNT 0.00% 0.00 MUTUAL FUNDS (US GOVERNMENl) 6.49% 4n,304.65 CERTIFICATES OF DEPOSIT 0.00% 0.00 US lREASURY OBLIGA noNS 0.00% 0.00 FEDERAL AGENCY OBLIGATIONS 93.51% 6,804,963.55 TOTAL JOO.OO% 7 ,277,268.20 13.79% FIRSTAR: CASH 0.00% 0.00 nUST SA VINOS ACCOUNT 0.00% 0.00 MUTUAL FUNDS (US OOVERNMENl) 2.88% 2J4,773.60 CERTIFICATES OF DEPOSIT 5.42% 403,490.81 US TREASURY OBLlGA nONS 43.07% 3,209,132.71 FEDERAL AGENCY OBLIGATIONS 43.63% 3,623,356.05 TOTAL 100.00% 7,450,753.17 14.12% TOTAL MANAGED FUNDS 11,087,140.10 41. 70--' BREAKDOWN BY TYPE OF SECURITY: CASH TRUST SA VINOS ACCOUNT MUTUAL FUNDS (US GOVERNMENl) CERTIFICATES OF DEPOSIT US TREASURY OBLIGATIONS FEDERAL AGENCY OBLIGA noNS TotIll MtllUlgM FIlIU1s 0.00% 0.00% 3.88% 1.83% 14.58% 79.70% 100.00% 0.00 0.00 853,925.83 403,490.81 3,209,132.71 17,540,590.85 22,007,140.20 0.00% 0.00% 1.62% 0.76% 6.08% 33.24% 41.70% CITY OF DUBUQUE SCHEDULE OF CITY FUNDS OTIIER FUNDS APPROXIMATE COST CITY FUNDS IDENTIFICATION RETURN BASIS PERCENTAGE EXPENSE ADVANCES CHANGE FUNDS 18,175.00 PETIT CASH 671.25 INSURANCE DEPOSIT 1,000.00 TOTAL 19,846.25 0.04% CASH 14,976.86 0.03% CHECKING I SAVINGS ACCfS: * AMERICAN TRUST & SA VlNGS BANK. 2,019,951.92 *DUBUQUE BANK & TRUST CO. I.867,802.81 FIRSTAR BANK..Ambulance 3,671.55 FIRST AR BANK. 256,871.95 PREMIER 2,505.57 ~Sweeplvxb TOTAL 5.5000% 4,150,803.80 7.86% CERTIFICATES or DEPOSIT: AMERICAN TRUST & SA VlNGS BANK 1,000,000.00 DUPACO COMMUNITY CREDIT UNION 1,350,195.17 EAST DUBUQUE SA VlNGS BANK. 2,500,000.00 TOTAL 6.658oelO 4,850,195.17 9.19% u.S. TREASURY OBUGATIONS: CHICAGO FEDERAL RESERVE BANK 5.9840% 21,723,845.00 41.16% CORPORATE SECURITIES: AT&T & REGIONAL STOCK 10,389.51 0.02% TOTAL OTHER FUNDS 30,770,056.59 58.30% TOTAL CITY FUNDS . Sl,m,I96-79 100.00% ALL FUNDS COMBINED PERCENTAGES MANAGED OTHER COMBINED FUNDS FUNDS TOTAL EXPENSE ADVANCES 0.00% 0.04% 0.04% CASH 0.00% 0.03% 0.03% CHECKING I SA VlNGS ACCTS O.ooelO 7.86% 7.86% MUTUAL FUNDS (U.S. GOVERNMEN1) 1.62% O.ooelO 1.62% CERTIFICATES OF DEPOSIT 0.76% 9.19*10 9.95% U.S. TREASURY OBLIGATIONS 6.08% 4 l.l 6% 47.24% FEDERAL AGENCY OBLIGATIONS 33.24% 0.00% 33.24% CORPORATE SECURITIES 0.00% 0.02% 0.02% TOTAL 41.70% 58.30% 100.00% ~ ~ 'C == ~g lI.lM ~ t>= f=~ .g!,8 ~ E-I E! 'c;~~ .cog" .- ~ ~ u........ e e ~< i -= u lI.l l~ ~ ~ 'l!i ... Cl.t- .... 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