City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01664 11/1/2022 Consent Item 5.
September 2022 Monthly Investment Transactions Report
File ID: 2022-01664
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
Additional 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.
File ID: 2022-01664 11/1/2022 Consent Item 5.
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 June 21, 2022, 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 September 30, 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 August 31 was $1,389,642,796, while the market value of the Portfolio on September 30 was $1,373,142,630. The yield of the Portfolio in September was 1.59%. There were 9 total transactions for the period (4 purchases and 5 maturities). The estimated duration of the Portfolio as of September 30, 2022, is 2.42 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 19,775,079$ 91,810$ -$ 103,054$ 19,969,943$ Sales - 25,150 - 46,803 71,953 Calls - - - - - Maturities 29,905,321 - - - 29,905,321 Contributions 87,833,038 - - - 87,833,038 Withdrawals 86,313,573 - 21,482 7,951 86,343,006 Total 223,827,011$ 116,960$ 21,482$ 157,808$ 224,123,261$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 296,133$ -$ -$ -$ 296,133$ Sales - - - - - Calls - - - - - Maturities 27,034 - - - 27,034 Expenses 43 - - - 43 Contributions 253,000 - - - 253,000 Withdrawals 191,229 513,581 384,954 62,000 1,151,764 Total 767,439$ 513,581$ 384,954$ 62,000$ 1,727,974$ City of Sacramento
Summary of Transactions
September-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
September-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,000,000$ 1,000,000$
Sales - -
Calls - -
Maturities 2,000,000 2,000,000
Contributions 1,493,307 1,493,307
Withdrawals - -
Total 4,493,307$ 4,493,307$
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 - - 1,189,305 - - 1,189,305 Withdrawals - - 7,000,000 - - 7,000,000 Total -$ -$ 8,189,305$ -$ -$ 8,189,305$ GRAND TOTAL 238,533,847$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-12-22 5,000,000 Natixis NY 97.84 4,892,050
3.810% Due 04-04-23
09-13-22 5,000,000 Freddie Mac 100.00 5,000,000
5.000% Due 09-30-27
09-27-22 5,000,000 Federal Home Loan Bank 100.00 5,000,000
6.000% Due 10-25-27
09-29-22 5,000,000 Credit Agricole Corp 97.66 4,883,029
4.190% Due 04-18-23
TOTAL 19,775,079
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-06-22 5,000,000 American Express 100.00 5,000,000 100.00 5,000,000 0
2.400% Due 09-06-22
09-07-22 5,000,000 Citigroup Global Mkts 99.65 4,982,681 99.65 4,982,681 0
0.580% Due 09-07-22
09-12-22 5,000,000 Apple Inc 99.49 4,974,600 100.00 5,000,000 25,400
2.100% Due 09-12-22
09-21-22 5,000,000 Credit Suisse NY 99.61 4,980,429 99.61 4,980,429 0
0.610% Due 09-21-22
09-21-2210,000,000 Societe Generale 99.68 9,967,611 99.68 9,967,611 0
0.440% Due 09-21-22
TOTAL 29,905,321 29,930,721 25,400
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-01-22 JP Morgan Chase Cash 25,940
09-01-22 JP Morgan Chase Cash 3,522,986
09-02-22 JP Morgan Chase Cash 2,292,458
09-06-22 JP Morgan Chase Cash 3,735,037
09-07-22 JP Morgan Chase Cash 4,696,263
09-09-22 JP Morgan Chase Cash 2,560,829
09-12-22 JP Morgan Chase Cash 2,560,242
09-13-22 JP Morgan Chase Cash 2,314,971
09-14-22 JP Morgan Chase Cash 2,533,591
09-15-22 JP Morgan Chase Cash 802,591
09-16-22 JP Morgan Chase Cash 1,208,936
09-19-22 JP Morgan Chase Cash 2,330,300
09-20-22 JP Morgan Chase Cash 2,213,646
09-22-22 JP Morgan Chase Cash 1,545,928
09-23-22 JP Morgan Chase Cash 2,003,833
09-26-22 JP Morgan Chase Cash 23,450,353
09-27-22 JP Morgan Chase Cash 25,351,290
09-28-22 JP Morgan Chase Cash 1,714,855
09-29-22 JP Morgan Chase Cash 2,209,500
09-30-22 JP Morgan Chase Cash 43
09-30-22 Fidelity Fund 2,461
09-30-22 Fidelity Fund 6,095
09-30-22 Fidelity Fund 21,482
09-30-22 Fidelity Fund 21,875
09-30-22 Fidelity Fund 429,581
09-30-22 Fidelity Fund 277,954
TOTAL 87,833,038
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-01-22 JP Morgan Chase Cash 3,198,872
09-02-22 JP Morgan Chase Cash 2,500,000
09-02-22 JP Morgan Chase Cash 690,595
09-06-22 JP Morgan Chase Cash 12,214,492
09-07-22 JP Morgan Chase Cash 5,243,577
09-08-22 JP Morgan Chase Cash 4,403,076
09-09-22 JP Morgan Chase Cash 716,024
09-12-22 JP Morgan Chase Cash 2,833,421
09-13-22 JP Morgan Chase Cash 1,518,736
09-14-22 JP Morgan Chase Cash 791,892
09-15-22 JP Morgan Chase Cash 2,324,989
09-16-22 JP Morgan Chase Cash 2,500,000
09-16-22 JP Morgan Chase Cash 4,202,988
09-19-22 JP Morgan Chase Cash 3,303,213
09-20-22 JP Morgan Chase Cash 11,660,899
09-21-22 JP Morgan Chase Cash 8,301,359
09-22-22 JP Morgan Chase Cash 2,223,289
09-22-22 Fidelity Fund 125,594
09-23-22 JP Morgan Chase Cash 4,972,737
09-23-22 Fidelity Fund 39,473
09-26-22 JP Morgan Chase Cash 2,806,908
09-27-22 JP Morgan Chase Cash 2,001,001
09-28-22 JP Morgan Chase Cash 1,022,063
09-29-22 JP Morgan Chase Cash 891,487
09-30-22 JP Morgan Chase Cash 2,000,000
09-30-22 JP Morgan Chase Cash 3,826,887
TOTAL 86,313,573
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-21-22 75 Home Depot Inc 278.79 20,909
09-21-22 825 NextEra Energy Inc Com 85.94 70,901
TOTAL 91,810
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-21-22 330 Coca Cola Co Com 36.12 11,920 60.40 19,932 8,012 09-21-22 150 Procter & Gamble Co 88.20 13,230 137.48 20,623 7,393 TOTAL 25,150 40,555 15,405
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-22 Pool A Cash 21,482
TOTAL 21,482
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-21-22 3,750 ADT Inc Del Com 8.15 30,580
09-21-22 75 Home Depot Inc 278.79 20,909
09-21-22 600 NextEra Energy Inc Com 85.94 51,564
TOTAL 103,054
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-21-22 130 Apple Inc. 22.71 2,952 156.23 20,309 17,358 09-21-22 1,125 Block H & R Inc 22.17 24,947 45.58 51,273 26,326 09-21-22 900 Select Sector Spdr Tr Sbi Int-Finl 21.00 18,904 32.91 29,616 10,711 TOTAL 46,803 101,198 54,395
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-22 Pool A Cash 7,951
TOTAL 7,951
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-21-22 300,000 U.S. Treasury Note 98.71 296,133
3.500% Due 09-15-25
TOTAL 296,133
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-01-22 23,209 Walgreens Drugs/Adahi, Inc 100.00 23,209 100.00 23,209 0
6.500% Due 05-01-24
09-15-22 85 Gnma Pool #439515 98.06 84 100.00 85 2
7.000% Due 03-15-27
09-15-22 3,211 Gnma Pool #550718 97.31 3,125 100.00 3,211 86
5.000% Due 11-15-35
09-15-22 38 Gnma Pool #329837 98.47 37 100.00 38 1
7.500% Due 11-15-22
09-15-22 399 Gnma Pool #648348 99.66 398 100.00 399 1
5.500% Due 10-15-35
09-26-22 182 Fannie Mae Pool #256393 99.67 182 100.00 182 1
6.000% Due 09-01-36
TOTAL 27,034 27,125 91
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
09-01-22 Portfolio Investment Fees Payable 43
TOTAL 43
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-21-22 Pool A Cash 84,000
09-21-22 Pool A Cash 62,000
09-21-22 Pool A Cash 107,000
TOTAL 253,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-22 Pool A Cash 191,229
TOTAL 191,229
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-21-22 Pool A Cash 84,000
09-30-22 Pool A Cash 429,581
TOTAL 513,581
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-21-22 Pool A Cash 107,000
09-30-22 Pool A Cash 277,954
TOTAL 384,954
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-21-22 Pool A Cash 62,000
TOTAL 62,000
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-13-22 1,000,000 Freddie Mac 100.00 1,000,000
5.000% Due 09-30-27
TOTAL 1,000,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-06-22 2,000,000 American Express 100.00 2,000,000 100.00 2,000,000 0
2.400% Due 09-06-22
TOTAL 2,000,000 2,000,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-30-22 Fidelity Fund 748,461
09-30-22 Fidelity Fund 744,846
TOTAL 1,493,307
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
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 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-01-22 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-02-22 Pool A Cash 2,500,000
09-16-22 Pool A Cash 2,500,000
09-30-22 Pool A Cash 2,000,000
TOTAL 7,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 09-01-22 To 09-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!