City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-00807 June 28, 2022
Title: May 2022 Monthly Investment Transactions Report
Location: Citywide
Recommendation: Receive and file.
Contact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, [email protected], Office of the City Treasurer
Presenter: None
Attachments:
1-Description/Analysis
2-Attachments A to F
Description/Analysis
Issue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
Policy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
Economic Impacts: None.
Environmental Considerations: 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)).
Sustainability: None.
Commission/Committee Action: None.
Rationale 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 May 31, 2022, are listed in Attachments A, B, C, D, E and F.
Financial 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 April 30 was $1,421,502,837, while the market value of the Portfolio on May 31 was $1,498,648,588. The yield of the Portfolio in May was 1.04%. There were 22 total transactions for the period (15 purchases and 7 maturities). The estimated duration of the Portfolio as of May 31, 2022, is 2.54 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 88,343,277$ -$ -$ -$ 88,343,277$
Sales - - - - -
Calls - - - - -
Maturities 27,621,080 - - - 27,621,080
Contributions 163,824,071 - - - 163,824,071
Withdrawals 92,113,222 - 18,079 2,868 92,134,169 Total 371,901,650$ -$ 18,079$ 2,868$ 371,922,597$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 200,154$ -$ -$ -$ 200,154$
Sales - - 266,553 - 266,553
Calls - - - - -
Maturities 25,972 - - - 25,972
Expenses 50 - - - 50
Contributions - - - - -
Withdrawals 444,319 24,234 6,578 - 475,131
Total 670,495$ 24,234$ 273,131$ -$ 967,860$ City of Sacramento
Summary of Transactions
May-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
May-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,184,824$ 1,184,824$
Sales - -
Calls - -
Maturities 998,590 998,590
Contributions - -
Withdrawals - -
Total 2,183,414$ 2,183,414$
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 - - 11,731,977 - - 11,731,977 Withdrawals - - - - - - Total -$ -$ 11,731,977$ -$ -$ 11,731,977$ GRAND TOTAL 386,805,848$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-02-22 5,000,000 International Bk Recon & Develop 99.58 4,979,205
1.750% Due 04-19-23
05-03-22 5,000,000 Bank of America Corporation 100.00 5,000,000
4.000% Due 05-05-26
05-12-2210,000,000 Credit Agricole Corp 98.71 9,871,433
2.030% Due 12-27-22
05-16-2210,000,000 Credit Agricole Corp 98.53 9,852,572
2.230% Due 01-10-23
05-16-22 4,000,000 University Calif Revs For Prev 99.96 3,998,360
3.063% Due 07-01-25
05-16-22 2,970,000 Virginia College Bldg Auth Va 100.00 2,970,000
2.910% Due 02-01-24
05-17-22 5,000,000 International Bk Recon & Develop 99.75 4,987,472
1.100% Due 08-08-22
05-18-22 5,000,000 National Rural Utils Coop Fin 99.15 4,957,600
3.250% Due 11-01-25
05-19-22 5,000,000 US Bank CD 100.00 5,000,000
3.000% Due 11-25-24
05-19-2210,000,000 Banco Santander SA 98.38 9,838,194
2.330% Due 01-24-23
05-20-22 2,000,000 Procter & Gamble Co 97.94 1,958,740
2.800% Due 03-25-27
05-20-22 5,000,000 Credit Suisse NY 98.59 4,929,700
2.280% Due 12-28-22
05-20-22 5,000,000 Freddie Mac 100.00 5,000,000
3.000% Due 06-14-24
05-23-2210,000,000 LLoyds Bank Corp Mkts/NY 100.00 10,000,000
2.500% Due 02-07-23
05-24-22 5,000,000 Citigroup Global Markets 100.00 5,000,000
4.050% Due 05-27-25
TOTAL 88,343,277
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-01-22 3,000,000 California St Dept Wt r Res Pwr 98.96 2,968,710 100.00 3,000,000 31,290
2.000% Due 05-01-22
05-05-22 3,000,000 Royal Bank of Canada 100.00 3,000,000 100.00 3,000,000 0
0.815% Due 05-05-22
05-15-22 3,000,000 Eli Lilly & Co 100.89 3,026,670 100.00 3,000,000 -26,670
2.350% Due 05-15-22
05-15-22 5,000,000 Oracle Corp 99. 82 4,990,850 100.00 5,000,000 9,150
2.500% Due 05-15-22
05-15-22 650,000 University Calif Revenue Bonds 100.00 650,000 100.00 650,000 0
2.608% Due 05-15-22
05-16-22 3,000,000 United Parcel Service Inc 99.49 2,984,850 100.00 3,000,000 15,150
2.350% Due 05-16-22
05-31-2210,000,000 LLoyds Bank Corp Mkts/NY 100.00 10,000,000 100.00 10,000,000 0
0.160% Due 05-31-22
TOTAL 27,621,080 27,650,000 28,920
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
05-02-22 JP Morgan Chase Cash 25,933
05-02-22 JP Morgan Chase Cash 2,784,171
05-03-22 JP Morgan Chase Cash 5,324,193
05-04-22 JP Morgan Chase Cash 1,378,816
05-05-22 JP Morgan Chase Cash 1,994,359
05-06-22 JP Morgan Chase Cash 28
05-06-22 JP Morgan Chase Cash 2,936,755
05-09-22 JP Morgan Chase Cash 3,308,067
05-10-22 JP Morgan Chase Cash 4,710,847
05-11-22 JP Morgan Chase Cash 351,113
05-11-22 Fidelity Fund 2,812
05-12-22 JP Morgan Chase Cash 2,370,912
05-13-22 JP Morgan Chase Cash 79,153,801
05-16-22 JP Morgan Chase Cash 2,014,799
05-17-22 JP Morgan Chase Cash 871,676
05-19-22 JP Morgan Chase Cash 1,122,042
05-20-22 JP Morgan Chase Cash 2,326,701
05-23-22 JP Morgan Chase Cash 5,266,684
05-24-22 JP Morgan Chase Cash 4,858,646
05-25-22 JP Morgan Chase Cash 2,250,524
05-26-22 JP Morgan Chase Cash 1,283,991
05-27-22 JP Morgan Chase Cash 7,000,000
05-27-22 JP Morgan Chase Cash 28,411,023
05-31-22 JP Morgan Chase Cash 3,774,899
05-31-22 Fidelity Fund 5,292
05-31-22 Fidelity Fund 2,868
05-31-22 Fidelity Fund 18,079
05-31-22 Fidelity Fund 244,255
05-31-22 Fidelity Fund 24,234
05-31-22 Fidelity Fund 6,550
TOTAL 163,824,071
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-02-22 JP Morgan Chase Cash 4,418,960
05-03-22 JP Morgan Chase Cash 13,345,563
05-04-22 JP Morgan Chase Cash 5,470,652
05-05-22 JP Morgan Chase Cash 610,534
05-06-22 JP Morgan Chase Cash 943,495
05-09-22 JP Morgan Chase Cash 1,746,528
05-10-22 JP Morgan Chase Cash 2,243,154
05-11-22 JP Morgan Chase Cash 1,750,554
05-12-22 JP Morgan Chase Cash 1,202,016
05-13-22 JP Morgan Chase Cash 3,500,240
05-16-22 JP Morgan Chase Cash 3,710,477
05-17-22 JP Morgan Chase Cash 18,288,053
05-18-22 JP Morgan Chase Cash 6,656,606
05-19-22 JP Morgan Chase Cash 1,744,298
05-20-22 JP Morgan Chase Cash 917,481
05-23-22 JP Morgan Chase Cash 2,872,293
05-24-22 JP Morgan Chase Cash 2,022,144
05-25-22 JP Morgan Chase Cash 4,230,717
05-26-22 JP Morgan Chase Cash 1,333,496
05-27-22 JP Morgan Chase Cash 2,558,530
05-31-22 JP Morgan Chase Cash 12,547,431
TOTAL 92,113,222
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-22 Pool A Cash 18,079
TOTAL 18,079
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-22 Pool A Cash 2,868
TOTAL 2,868
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-06-22 200,000 El Dorado CA Irrigation Dist Rev Bonds 100.08 200,154
3.244% Due 01-01-25
TOTAL 200,154
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-02-22 22,713 Walgreens Drugs/Adahi, Inc 100.00 22,713 100.00 22,713 0
6.500% Due 05-01-24
05-16-22 83 Gnma Pool #439515 98.06 82 100.00 83 2
7.000% Due 03-15-27
05-16-22 1,639 Gnma Pool #550718 97.31 1,595 100.00 1,639 44
5.000% Due 11-15-35
05-16-22 37 Gnma Pool #329837 98.47 36 100.00 37 1
7.500% Due 11-15-22
05-16-22 391 Gnma Pool #648348 99.66 390 100.00 391 1
5.500% Due 10-15-35
05-25-22 1,161 Fannie Mae Pool #256393 99.67 1,157 100.00 1,161 4
6.000% Due 09-01-36
TOTAL 25,972 26,023 51
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
05-02-22 Portfolio Investment Fees Payable 50
TOTAL 50
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-22 Pool A Cash 444,319
TOTAL 444,319
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-22 Pool A Cash 24,234
TOTAL 24,234
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
05-27-22 2,100 Apple Inc. 22.91 48,114 148.55 311,947 263,834 05-27-22 4,000 Select Sector Spdr Tr Technology 54.61 218,439 140.51 562,052 343,612 TOTAL 266,553 873,999 607,446
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-22 Pool A Cash 6,578
TOTAL 6,578
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-16-22 1,000,000 University Calif Revs For Prev 99.94 999,410
3.063% Due 07-01-25
05-18-22 187,000 National Rural Utils Coop Fin 99.15 185,414
3.250% Due 11-01-25
TOTAL 1,184,824
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-16-22 1,000,000 United Parcel Service Inc 99.86 998,590 100.00 1,000,000 1,410
2.350% Due 05-16-22
TOTAL 998,590 1,000,000 1,410
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
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 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
05-02-22 Pool A Cash 1,130,972
05-13-22 Pool A Cash 3,601,005
05-27-22 Pool A Cash 7,000,000
TOTAL 11,731,977
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 05-01-22 To 05-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!