CITY OF HUNTINGTON BEACH
QUARTERLY INVESTMENT REPORT
CITY TREASURER, ALISA BACKSTROM, MBA, CCMT, CPFIM
QUARTER ENDED: JUNE 30, 2022
INVESTMENT PORTFOLIO – SUMMARY:
Investment Type
$ in 000's Market Value Book Value
Federal Agency Issues 140,790$ 147,245$
Local Agency Investment Fund (LAIF) 25,690$ 25,690$ Treasury Securities 74,944$ 77,907$
Medium Term Notes - Supranationals 33,552$ 35,139$ Corporate Bonds 26,063$ 26,862$
Commercial Paper 4,967$ 4,982$
OC Investment Pool 10,607$ 10,607$
TOTAL 316,613$ 328,432$
AS OF: June 30, 2022
INVESTMENT PORTFOLIO – INVESTMENTS BY TYPE:
44% 3% 8% 24% 11% 8% 2%
Federal Agencies OC Investment Pool Corporate Bonds Treasuries MTN-Supras LAIF Commercial Paper
INVESTMENT PORTFOLIO – QUARTERLY ACTIVITY (APRIL-JUNE):
Purchases:
($ in 000's)
Federal Agency Issues 20,000$
LAIF 23,006$
Commercial Paper 10,000$
Treasury Securities 12,000$
OC Investment Pool 33$
TOTAL 65,039$
Maturities/Calls/Withdrawals:
($ in 000's)
Federal Agency Issues 5,000$
LAIF 3,000$
Corporate Bonds 20,000$
Commercial Paper 8,000$
OC Investment Pool 2$
TOTAL 36,002$
Current Year - Month
❑ June 2022: $336,651
❑ vs. budget: $100,000
Current Fiscal Year-to-date ❑ Through 06/30/22: $3,495,631 ❑ vs. budget: $1,200,000
Effective Rate of Return
❑ June 2022: 1.22%
❑ Fiscal Year-to-date: 1.19%
Benchmark ❑ June 2022: 1.06%
❑ 12-month moving average 1.5-year Treasury
INVESTMENT PORTFOLIO – EARNINGS:
INTEREST RATES – US TREASURY RATES
JANUARY 1, 2022 – JUNE 30, 2022:
5-year US Treasury
3.01%
at 6/30
2-year US Treasury
2.92%
at 6/30
SELECTED INVESTMENT POLICY COMPLIANCE REQUIREMENTS:
(Requirements are at purchase)
SUMMARY:
◼Safety – No principal losses
◼Liquidity – Sufficient funds for operations
◼Market rate of return – 1.22% June, 1.19% Fiscal Year-to-date (upward trend)
◼Prudently managed – No compliance issues
◼Positive contributor to City – Earnings of $3,495,631 fiscal year 2021-22 to be utilized for operating and other expenses