Ci
ty Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-00806 May 31, 2022
T
itle: April 2022 Monthly Investment Transactions Report Loc
ation: Citywide
R
ecommendation: Receive and file.
C
ontact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, [email protected], Office of the City Treasurer P
resenter: None
A
ttachments:
1-Description/Analysis
2-Attachments A to F
Description/Analysis
I
ssue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
P
olicy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
E
conomic Impacts: None.
E
nvironmental Considerations:
C
alifornia Environmental Quality Act (CEQA): This action is not a project that is subject to CEQA because it is an administrative activity that will not result in direct or indirect physical changes in the environment and because it relates to government fiscal activities that do not involve any commitment to any specific project that may result in a potentially significant physical impact on the environment. (CEQA Guidelines § 15378 (a), (b)(2), and (b)(5)).
S
ustainability: None.
C
ommission/Committee Action: None.
R
ationale for Recommendation: The City Treasurer is responsible for depositing and investing funds in the City treasury and for reporting on investment activity in accordance with the authority granted by City Charter Section 73, City Council ordinances and resolutions, and applicable state law. Consistent with the City of Sacramento Investment Policy which is updated annually by City Treasurer’s Office staff and was most recently adopted by City Council on July 20, 2021, the monthly report herein lists the transactions as required by California Government Code section 53607. For informational purposes, the City Treasurer also reports on investment transactions of other funds invested by City Treasurer’s Office staff.
The summary and transactions detail for the month ended April 30, 2022, are listed in Attachments A, B, C, D, E and F.
Fi
nancial Considerations: The monthly investment report sets forth the monthly transactions of the City Treasurer’s Office Investment Pool A funds. The market value of the Pool A investment portfolio (Portfolio) on March 31 was $1,408,063,540, while the market value of the Portfolio on April 30 was $1,421,502,837. The yield of the Portfolio in April was 0.96%. There were 17 total transactions for the period (10 purchases, 1 call and 6 maturities). The estimated duration of the Portfolio as of April 30, 2022, is 2.64 years.
L
ocal Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 46,834,217$ -$ 73,950$ -$ 46,908,167$ Sales - 50,770 27,605 6,569 84,944
Calls 2,960,790 - - - 2,960,790
Maturities 31,985,389 - - - 31,985,389
Contributions 114,617,749 50,770 27,605 6,569 114,702,693 Withdrawals 89,733,375 50,770 36,382 8,633 89,829,160 Total 286,131,520$ 152,310$ 165,542$ 21,771$ 286,471,143$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 758,339$ -$ 758,339$
Sales 76,875 - 561,920 - 638,795
Calls - - - - -
Maturities 33,980 - - - 33,980
Expenses 52 - - - 52
Contributions - - - - -
Withdrawals 208,541 18,240 26,501 - 253,282
Total 319,448$ 18,240$ 1,346,760$ -$ 1,684,448$ City of Sacramento
Summary of Transactions
April-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
April-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,500,000$ 1,500,000$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 1,500,000$ 1,500,000$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals - - - - - Total -$ -$ -$ -$ -$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,130,972 - - 1,130,972 Withdrawals - - 6,522,315 1,250 - 6,523,565 Total -$ -$ 7,653,287$ 1,250$ -$ 7,654,537$ GRAND TOTAL 297,310,128$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-13-22 1,000,000 Oregon St Dept of Admin Svcs Lottery Rev
100.00 1,000,000
2.915% Due 04-01-25
04-13-22 1,000,000 Oregon St Dept of Admin Svcs Lottery Rev
100.00 1,000,000
3.131% Due 04-01-26
04-14-22 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
3.090% Due 10-20-25
04-18-22 5,000,000 JP Morgan Chase Financial Co LLC 100.00 5,000,000
2.500% Due 05-01-23
04-18-22 5,000,000 Natixis NY 100.00 5,000,000
1.830% Due 12-13-22
04-19-22 5,000,000 Eli Lilly & Co 98.97 4,948,400
2.750% Due 06-01-25
04-19-22 5,000,000 Freddie Mac 100.00 5,000,000
3.100% Due 04-29-25
04-21-2210,000,000 Banco Santander SA 98.86 9,885,817
1.860% Due 11-28-22
04-26-22 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
3.630% Due 05-03-27
04-27-22 5,000,000 JP Morgan Chase Financial Co LLC 100.00 5,000,000
3.125% Due 04-29-24
TOTAL 46,834,217
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
04-19-22 3,000,000 Novartis Capital Corp 98.69 2,960,790 100.00 3,000,000 39,210
2.400% Due 05-17-22
TOTAL 2,960,790 3,000,000 39,210
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-01-22 1,000,000 California St 100.00 1,000,000 100.00 1,000,000 0
2.367% Due 04-01-22
04-05-2210,000,000 Barclays Bank Plc 99.85 9,985,389 99.85 9,985,389 0
0.200% Due 04-05-22
04-18-22 5,000,000 Sumitomo Mitsui Trust NY 100.00 5,000,000 100.00 5,000,000 0
0.170% Due 04-18-22
04-19-2210,000,000 Banco Santander SA/NY 100.00 10,000,000 100.00 10,000,000 0
0.170% Due 04-19-22
04-26-22 3,000,000 American Express 100.00 3,000,000 100.00 3,000,000 0
2.400% Due 04-26-22
04-28-22 3,000,000 UBS Bank CD 100.00 3,000,000 100.00 3,000,000 0
2.400% Due 04-28-22
TOTAL 31,985,389 31,985,389 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-01-22 JP Morgan Chase Cash 25,931
04-01-22 JP Morgan Chase Cash 4,365,447
04-04-22 JP Morgan Chase Cash 11,166,936
04-05-22 JP Morgan Chase Cash 3,333,304
04-06-22 JP Morgan Chase Cash 2,262,983
04-07-22 JP Morgan Chase Cash 21,719
04-11-22 JP Morgan Chase Cash 2,290,236
04-13-22 JP Morgan Chase Cash 2,068,082
04-14-22 JP Morgan Chase Cash 2,496,270
04-15-22 JP Morgan Chase Cash 44,190,712
04-18-22 JP Morgan Chase Cash 1,578,001
04-19-22 JP Morgan Chase Cash 2,641,777
04-20-22 JP Morgan Chase Cash 297,282
04-21-22 JP Morgan Chase Cash 1,833,908
04-22-22 JP Morgan Chase Cash 9,198,634
04-25-22 JP Morgan Chase Cash 16,498,301
04-26-22 JP Morgan Chase Cash 2,903,851
04-27-22 JP Morgan Chase Cash 854,124
04-27-22 Fidelity Fund 3,000
04-28-22 JP Morgan Chase Cash 3,458,911
04-29-22 JP Morgan Chase Cash 2,732,899
04-29-22 Fidelity Fund 46,407
04-29-22 Fidelity Fund 6,105
04-29-22 Fidelity Fund 5,303
04-29-22 Fidelity Fund 292,887
04-29-22 Fidelity Fund 18,240
04-29-22 Fidelity Fund 26,501
TOTAL 114,617,749
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-22 JP Morgan Chase Cash 2,000,000
04-01-22 JP Morgan Chase Cash 3,367,099
04-04-22 JP Morgan Chase Cash 1,130,237
04-05-22 JP Morgan Chase Cash 11,349,111
04-06-22 JP Morgan Chase Cash 5,018,944
04-07-22 JP Morgan Chase Cash 1,350,603
04-08-22 JP Morgan Chase Cash 8,760,769
04-11-22 JP Morgan Chase Cash 2,609,492
04-12-22 JP Morgan Chase Cash 2,044,771
04-12-22 Fidelity Fund 7,361
04-13-22 JP Morgan Chase Cash 1,353,525
04-14-22 JP Morgan Chase Cash 1,552,341
04-15-22 JP Morgan Chase Cash 2,000,000
04-15-22 JP Morgan Chase Cash 1,516,170
04-18-22 JP Morgan Chase Cash 7,548,803
04-19-22 JP Morgan Chase Cash 15,034,524
04-20-22 JP Morgan Chase Cash 5,746,616
04-21-22 JP Morgan Chase Cash 571,808
04-22-22 JP Morgan Chase Cash 782,232
04-22-22 Fidelity Fund 53,447
04-25-22 JP Morgan Chase Cash 3,177,813
04-26-22 JP Morgan Chase Cash 2,582,236
04-27-22 JP Morgan Chase Cash 2,343,981
04-28-22 JP Morgan Chase Cash 1,381,899
04-29-22 JP Morgan Chase Cash 2,500,000
04-29-22 JP Morgan Chase Cash 3,949,593
TOTAL 89,733,375
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-14-22 0 Warner Bros Discovery Inc 28.36 5 24.27 5 -1 04-18-22 1,790 Warner Bros Discovery Inc 28.36 50,765 23.86 42,712 -8,053 TOTAL 50,770 42,717 -8,054
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-11-22 1,790 Warner Bros Discovery Inc 28.36 50,770
TOTAL 50,770
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-11-22 7,400 At&t Inc 29.11 50,770
TOTAL 50,770
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-20-22 75,000 Goldman Sachs Group Inc 98.60 73,950
3.850% Due 01-26-27
TOTAL 73,950
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-14-22 1 Warner Bros Discovery Inc 38.68 25 23.93 16 -10 04-18-22 713 Warner Bros Discovery Inc 38.68 27,580 23.86 17,013 -10,567 TOTAL 27,605 17,029 -10,577
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-11-22 714 Warner Bros Discovery Inc 38.68 27,605
TOTAL 27,605
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-11-22 2,950 At&t Inc 39.71 27,605
04-30-22 Pool A Cash 8,777
TOTAL 36,382
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-14-22 0 Warner Bros Discovery Inc 38.79 13 23.63 8 -5 04-18-22 169 Warner Bros Discovery Inc 38.79 6,555 23.86 4,033 -2,523 TOTAL 6,569 4,041 -2,528
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-11-22 169 Warner Bros Discovery Inc 38.79 6,569
TOTAL 6,569
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-11-22 700 At&t Inc 39.82 6,569
04-30-22 Pool A Cash 2,064
TOTAL 8,633
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-01-22 75,000 Bay Area Toll Auth Calif Toll Toll Brid 102.50 76,875 100.00 75,000 -1,875
6.793% Due 04-01-30
TOTAL 76,875 75,000 -1,875
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-01-22 22,590 Walgreens Drugs/Adahi, Inc 100.00 22,590 100.00 22,590 0
6.500% Due 05-01-24
04-15-22 83 Gnma Pool #439515 98.06 81 100.00 83 2
7.000% Due 03-15-27
04-15-22 2,533 Gnma Pool #550718 97.31 2,465 100.00 2,533 68
5.000% Due 11-15-35
04-15-22 36 Gnma Pool #329837 98.47 36 100.00 36 1
7.500% Due 11-15-22
04-15-22 8,676 Gnma Pool #648348 99.66 8,646 100.00 8,676 30
5.500% Due 10-15-35
04-25-22 163 Fannie Mae Pool #256393 99.67 162 100.00 163 1
6.000% Due 09-01-36
TOTAL 33,980 34,081 101
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
04-01-22 Portfolio Investment Fees Payable 52
TOTAL 52
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-22 Pool A Cash 208,541
TOTAL 208,541
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-22 Pool A Cash 18,240
TOTAL 18,240
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-08-22 3,000 Mcdonald's Corp 252.78 758,339
TOTAL 758,339
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-08-22 9,100 Starbucks Corp 61.75 561,920 82.52 750,977 189,057 TOTAL 561,920 750,977 189,057
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-22 Pool A Cash 26,501
TOTAL 26,501
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-14-22 500,000 Federal Farm Credit Bank 100.00 500,000
3.090% Due 10-20-25
04-19-22 500,000 Freddie Mac 100.00 500,000
3.100% Due 04-29-25
04-26-22 500,000 Federal Farm Credit Bank 100.00 500,000
3.630% Due 05-03-27
TOTAL 1,500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Taxable
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
CADA 2020 Taxable Bond Proceeds
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT F
City of Sacramento
TRANSACTION SUMMARY
Reclamation District No. 1000
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-01-22 Pool A Cash 1,130,972
TOTAL 1,130,972
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-22 Pool A Cash 2,000,000
04-01-22 Pool A Cash 22,315
04-15-22 Pool A Cash 2,000,000
04-29-22 Pool A Cash 2,500,000
TOTAL 6,522,315
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-22 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 04-01-22 To 04-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!