City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01665 11/29/2022 Consent Item 17.
October 2022 Monthly Investment Transactions Report
File ID: 2022-01665
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: 2022-01665 11/29/2022 Consent Item 17.
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 October 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 September 30 was $1,373,142,630, while the market value of the Portfolio on October 31 was $1,375,080,835. The yield of the Portfolio in October was 1.64%. There were 8 total transactions for the period (4 purchases and 4 maturities). The estimated duration of the Portfolio as of October 31, 2022, is 2.35 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 19,763,126$ -$ 221,411$ -$ 19,984,537$ Sales - - 106,651 - 106,651
Calls - - - - -
Maturities 21,172,525 - - - 21,172,525
Contributions 77,162,638 - - - 77,162,638
Withdrawals 72,757,075 - 11,389 2,584 72,771,048 Total 190,855,364$ -$ 339,451$ 2,584$ 191,197,399$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 76,187$ -$ 76,187$
Sales - 2,652,906 2,569,322 1,121,831 6,344,059 Calls - - - - -
Maturities 26,819 - - - 26,819
Expenses 41 - - - 41
Contributions - - - - -
Withdrawals 224,460 22,356 26,171 - 272,987
Total 251,320$ 2,675,262$ 2,671,680$ 1,121,831$ 6,720,093$ City of Sacramento
Summary of Transactions
October-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
October-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 2,429,575$ 2,429,575$
Sales - -
Calls - -
Maturities 456,246 456,246
Contributions - -
Withdrawals - -
Total 2,885,821$ 2,885,821$
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 - - 2,026,663 1,250 - 2,027,913 Total -$ -$ 3,215,968$ 1,250$ -$ 3,217,218$ GRAND TOTAL 204,020,531$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-06-22 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.300% Due 07-27-23
10-07-22 5,000,000 Credit Agricole Corp 97.67 4,883,664
4.340% Due 04-18-23
10-13-22 5,000,000 California Eart hquake Auth Rev 99.98 4,998,900
5.493% Due 07-01-24
10-25-22 5,000,000 Amazon.Com Inc 97.61 4,880,562
4.550% Due 05-02-23
TOTAL 19,763,126
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
10-01-22 5,000,000 California St 10 1.45 5,072,450 100.00 5,000,000 -72,450
2.500% Due 10-01-22
10-03-22 5,000,000 Credit Suisse NY 99.60 4,980,199 99.60 4,980,199 0
0.530% Due 10-03-22
10-18-2210,000,000 MUFG Bank Ltd/NY 99.55 9,955,200 99.55 9,955,200 0
0.630% Due 10-18-22
10-30-22 1,190,000 Boeing Co 97.87 1,164,677 100.00 1,190,000 25,323
2.200% Due 10-30-22
TOTAL 21,172,525 21,125,399 -47,127
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
10-03-22 JP Morgan Chase Cash 25,942
10-03-22 JP Morgan Chase Cash 3,300,335
10-04-22 JP Morgan Chase Cash 4,251,303
10-05-22 JP Morgan Chase Cash 2,787,026
10-06-22 JP Morgan Chase Cash 141,311
10-07-22 JP Morgan Chase Cash 6,523,302
10-11-22 JP Morgan Chase Cash 2,830,099
10-12-22 JP Morgan Chase Cash 4,505,438
10-13-22 JP Morgan Chase Cash 3,673,336
10-17-22 JP Morgan Chase Cash 2,097,487
10-18-22 JP Morgan Chase Cash 1,965,349
10-19-22 JP Morgan Chase Cash 1,072,460
10-21-22 JP Morgan Chase Cash 2,930,246
10-24-22 JP Morgan Chase Cash 23,610,863
10-25-22 JP Morgan Chase Cash 6,568,490
10-26-22 JP Morgan Chase Cash 4,444,057
10-27-22 JP Morgan Chase Cash 1,392,662
10-27-22 Fidelity Fund 3,000
10-28-22 JP Morgan Chase Cash 1,807,335
10-31-22 JP Morgan Chase Cash 2,024,894
10-31-22 Fidelity Fund 4,586
10-31-22 Fidelity Fund 2,584
10-31-22 Fidelity Fund 12,903
10-31-22 Fidelity Fund 225,543
10-31-22 Fidelity Fund 22,356
10-31-22 Fidelity Fund 939,732
TOTAL 77,162,638
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-03-22 JP Morgan Chase Cash 3,383,332
10-04-22 JP Morgan Chase Cash 12,824,159
10-05-22 JP Morgan Chase Cash 5,058,880
10-06-22 JP Morgan Chase Cash 526,086
10-07-22 JP Morgan Chase Cash 679,754
10-11-22 JP Morgan Chase Cash 3,128,386
10-12-22 JP Morgan Chase Cash 3,038,604
10-13-22 JP Morgan Chase Cash 1,116,121
10-14-22 JP Morgan Chase Cash 2,000,000
10-14-22 JP Morgan Chase Cash 2,730,276
10-17-22 JP Morgan Chase Cash 6,860,244
10-18-22 JP Morgan Chase Cash 12,217,013
10-19-22 JP Morgan Chase Cash 5,332,681
10-20-22 JP Morgan Chase Cash 2,232,693
10-21-22 JP Morgan Chase Cash 1,071,148
10-24-22 JP Morgan Chase Cash 2,280,307
10-25-22 JP Morgan Chase Cash 1,888,021
10-26-22 JP Morgan Chase Cash 1,552,340
10-27-22 JP Morgan Chase Cash 935,434
10-28-22 JP Morgan Chase Cash 771,805
10-31-22 JP Morgan Chase Cash 3,129,791
TOTAL 72,757,075
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-06-22 225,000 Anheuser-Busch Inbev 98.40 221,411
4.750% Due 01-23-29
TOTAL 221,411
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
10-06-22 900 Ameren Corp Com 61.28 55,156 79.05 71,144 15,987 10-06-22 1,000 Bristol Myers Squibb Com 20.38 20,382 70.36 70,362 49,979 10-06-22 500 Johnson & Johnson 62.22 31,112 162.84 81,419 50,307 TOTAL 106,651 222,925 116,274
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-22 Pool A Cash 11,389
TOTAL 11,389
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-22 Pool A Cash 2,584
TOTAL 2,584
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
10-03-22 23,334 Walgreens Drugs/Adahi, Inc 100.00 23,334 100.00 23,334 0
6.500% Due 05-01-24
10-17-22 86 Gnma Pool #439515 98.06 84 100.00 86 2
7.000% Due 03-15-27
10-17-22 1,176 Gnma Pool #550718 97.31 1,144 100.00 1,176 32
5.000% Due 11-15-35
10-17-22 38 Gnma Pool #329837 98.47 37 100.00 38 1
7.500% Due 11-15-22
10-17-22 401 Gnma Pool #648348 99.66 400 100.00 401 1
5.500% Due 10-15-35
10-25-22 1,825 Fannie Mae Pool #256393 99.67 1,819 100.00 1,825 6
6.000% Due 09-01-36
TOTAL 26,819 26,860 41
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
10-03-22 Portfolio Investment Fees Payable 41
TOTAL 41
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-22 Pool A Cash 224,460
TOTAL 224,460
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
10-28-22 13,500 Ishares Tr Russell 1000 Val 119.62 1,614,826 150.10 2,026,327 411,501 10-28-22 10,000 Spdr Series Trust S&p Bk Etf 39.88 398,770 48.25 482,499 83,729 10-28-22 4,000 Select Sector Spdr Tr Technology 68.65 274,581 129.14 516,559 241,979 10-28-22 3,700 Select Sector Spdr Tr Sbi Healthcare 98.58 364,729 132.44 490,025 125,296 TOTAL 2,652,906 3,515,410 862,504
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-22 Pool A Cash 22,356
TOTAL 22,356
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-19-22 -200 Select Sector Cll Opt 92.0000 11182022 1.16 -23,194 10-24-22 -100 Alphabet Inc Cll Opt 115.0000
11182022
0.88 -8,797
10-24-22 -200 Spdr Ser Tr Cll Opt 67.0000 11182022 0.40 -7,938 10-24-22 -100 Vaneck Etf Tru Cll Opt220.0000
11182022
0.69 -6,947
10-24-22 -100 Spdr S&p 500 E Cll Opt415.0000
11182022
1.17 -11,747
10-26-22 -60 Ishares Tr Cll Opt 198.0000 11182022 1.03 -6,178 10-27-22 100 Alphabet Inc Cll Opt 115.0000
11182022
0.10 978
10-27-22 -30 Mcdonalds Corp Cll Opt277.5000
11182022
1.15 -3,449
10-28-22 -70 Apple Inc Cll Opt 170.0000 11182022 0.65 -4,548 10-28-22 -55 Disney Walt Co Cll Opt118.0000
11182022
0.79 -4,368
TOTAL -76,187
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
10-13-22 2,300 Spdr Tr Unit Ser 1 271.79 625,121 364.08 837,373 212,252 10-27-22 0 Alphabet Inc Cll Opt 115.0000
11182022
0.00 978 0.00 8,797 7,819
10-28-22 8,000 Select Sector Spdr Tr Communication 49.57 396,591 48.80 390,391 -6,200 10-28-22 30,000 Select Sector Spdr Tr Sbi Int-Finl 21.26 637,886 34.01 1,020,277 382,390 10-28-22 4,600 Select Sector Spdr Tr Technology 54.61 251,205 129.13 593,984 342,779 10-28-22 8,000 Select Sector Spdr Tr Sbi Healthcare 82.19 657,541 132.44 1,059,496 401,955 TOTAL 2,569,322 3,910,318 1,340,995
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-22 Pool A Cash 26,171
TOTAL 26,171
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
10-28-22 24,200 Ishares Msci Acwi Us Etf 46.36 1,121,831 41.59 1,006,486 -115,345 TOTAL 1,121,831 1,006,486 -115,345
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-06-22 500,000 Federal Home Loan Bank 100.00 500,000
4.300% Due 07-27-23
10-13-22 1,930,000 California Eart hquake Auth Rev 99.98 1,929,575
5.493% Due 07-01-24
TOTAL 2,429,575
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
10-01-22 460,000 Fontana Calif Redev Agy Successor
Agy Tax Allocation
99.18 456,246 100.00 460,000 3,754
2.250% Due 10-01-22
TOTAL 456,246 460,000 3,754
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
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 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
10-03-22 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-01-22 Pool A Cash 26,663
10-14-22 Pool A Cash 2,000,000
TOTAL 2,026,663
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-01-22 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 10-01-22 To 10-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!