1 $34,804,939
2 $30,859,299
Ratings
Investments: Agency 18.8% AA+
US Corporate 26.9% A+
US Treasury 33.5% AA+
Money Market Fund 0.1% AAA
ABS 11.7% AAA
Supranational 4.3% AAA
Muni Bonds 0.8% AA‐
CMO 3.9% AAA
3 253,643
4 90
Water revenue bonds ‐ 2012 178
Water revenue bonds ‐ 2006
CSJVRMA Pool ‐ fair value
Bank of New York (book value ‐ $31,761,665)
Interest rate 1.62% at 03/31/23
U S Treasury ‐ (fair value basis 1.0)
Interest rate 2.68% at 03/31/23
Interest rate 1.00% at 03/31/23
Bank of Stockton
U S Treasury ‐ (fair value basis 1.0)
Interest rate 4.69% at 03/31/23
U S Bank
Based upon the Treasurer’s report, the entire investment of the City of Ripon is in FULL COMPLIANCE with the 2003 City of Ripon Investment Policy and the California Government Code.
As of March 31, 2023, the City’s average interest rate for the last 12 months is 2.21%.
At the end of March 2023, City funds are held in the following investments as listed:
INVESTMENTS
State Treasurer ‐ LAIF ‐ (fair value basis 1.0)
This quarterly review complies with all of the elements required by California Government Code Section 53646(b).
CITY OF RIPON
Investment Policy
Quarterly Report
January 01, 2023 ‐ March 31, 2023
The City of Ripon’s investment policy was adopted by Resolution 96‐63 on June 18, 1996 and it has been amended by Resolution 03‐68 on August 19, 2003. This policy provides for the legislative body of a local agency to invest all money belonging to or in the custody of the local agency in accordance with the provisions of California Government Code Sections 5922, 53601 et seq., and 53635.
Investment Report
March 31, 2023
5 ‐
Total Investments $65,918,149
Lisa Roos
Respectfully Submitted,
Lisa Roos
City Clerk/Finance Director
U S Treasury ‐ (fair value basis 1.0)
Interest rate 0.00% at 03/31/23
U S Bank
Redevelopment agency 2020 tax allocation bonds
This report certifies that all investment actions executed prior to this report have been made in full compliance with the City of Ripon Investment Policy. This report also certifies that the City of Ripon will meet its expenditure obligations for the next six months as required by California Government Code Section 53646(b)(2) and (3).
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