City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00098 5/2/2023 Consent Item 18.
March 2023 Monthly Investment Transactions Report
File ID: 2023-00098
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.
File ID: 2023-00098 5/2/2023 Consent Item 18.
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 March 31, 2023, 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 February 28 was $1,500,777,028, while the market value of the Portfolio on March 31 was $1,504,574,138. The yield of the Portfolio in March was 2.33%. There were 11 total transactions for the period (6 purchases and 5 maturities). The estimated duration of the Portfolio as of March 31, 2022, is 1.98 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 36,949,994$ -$ -$ -$ 36,949,994$ Sales - - - - - Calls - - - - - Maturities 35,787,710 - - - 35,787,710 Contributions 81,991,119 - - - 81,991,119 Withdrawals 97,720,603 - 17,900 7,747 97,746,250 Total 252,449,426$ -$ 17,900$ 7,747$ 252,475,073$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 1,986,990$ 519,360$ 26,950$ -$ 2,533,300$ Sales - 610,652 242,317 - 852,969 Calls - - - - - Maturities 25,646 - - - 25,646 Expenses 31 - - - 31 Contributions - - - - - Withdrawals 1,568,635 1,882,899 2,705,600 626,933 6,784,067 Total 3,581,302$ 3,012,911$ 2,974,867$ 626,933$ 10,196,013$ City of Sacramento
Summary of Transactions
March-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
March-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 500,000$ 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 - - 1,189,305 - - 1,189,305 Withdrawals - - 2,000,000 - - 2,000,000 Total -$ -$ 3,189,305$ -$ -$ 3,189,305$ GRAND TOTAL 266,360,391$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-02-2310,000,000 U. S. Treasury Bill 98.08 9,808,172
4.730% Due 07-27-23
03-07-23 5,000,000 Freddie Mac 100.00 5,000,000
6.000% Due 03-27-26
03-09-23 2,500,000 California St 100.00 2,500,000
5.222% Due 03-01-24
03-23-2310,000,000 Amazon.Com Inc 98.36 9,835,764
4.730% Due 07-27-23
03-29-23 5,000,000 Amazon.Com Inc 98.05 4,902,322
4.720% Due 08-25-23
03-29-23 5,000,000 Johnson & Johnson 98.07 4,903,736
4.780% Due 08-21-23
TOTAL 36,949,994
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-07-2310,000,000 Societe Generale 97.78 9,778,100 97.78 9,778,100 0
3.170% Due 03-07-23
03-08-23 5,000,000 ING (US) Funding LLC 97.86 4,892,976 97.86 4,892,976 0
3.070% Due 03-08-23
03-09-23 1,568,000 Truist Bank 100.00 1,568,000 100.00 1,568,000 0
1.250% Due 03-09-23
03-21-2310,000,000 Natixis NY 97.68 9,768,083 97.68 9,768,083 0
3.300% Due 03-21-23
03-22-2310,000,000 Toronto Dominion Bank 97.81 9,780,550 97.81 9,780,550 0
3.420% Due 03-22-23
TOTAL 35,787,710 35,787,710 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-23 JP Morgan Chase Cash 25,952
03-01-23 JP Morgan Chase Cash 2,623,851
03-02-23 JP Morgan Chase Cash 3,101,346
03-02-23 Fidelity Fund 1,500,000
03-03-23 JP Morgan Chase Cash 3,458,875
03-06-23 JP Morgan Chase Cash 4,228,419
03-07-23 JP Morgan Chase Cash 4,828,721
03-08-23 JP Morgan Chase Cash 1,765,762
03-09-23 JP Morgan Chase Cash 1,305,092
03-10-23 JP Morgan Chase Cash 375,000
03-13-23 JP Morgan Chase Cash 2,578,962
03-14-23 JP Morgan Chase Cash 4,069,231
03-15-23 JP Morgan Chase Cash 735,580
03-16-23 JP Morgan Chase Cash 2,515,836
03-17-23 JP Morgan Chase Cash 1,902,476
03-20-23 JP Morgan Chase Cash 2,114,475
03-21-23 JP Morgan Chase Cash 4,428,368
03-22-23 Fidelity Fund 574,019
03-22-23 Fidelity Fund 674,260
03-23-23 JP Morgan Chase Cash 19,069,438
03-24-23 JP Morgan Chase Cash 4,733,372
03-27-23 JP Morgan Chase Cash 2,833,712
03-28-23 JP Morgan Chase Cash 3,632,247
03-29-23 JP Morgan Chase Cash 1,585,667
03-30-23 JP Morgan Chase Cash 2,402,986
03-31-23 JP Morgan Chase Cash 4,139,684
03-31-23 JP Morgan Chase Cash 23
03-31-23 Fidelity Fund 14,401
03-31-23 Fidelity Fund 7,747
03-31-23 Fidelity Fund 17,900
03-31-23 Fidelity Fund 176,743
03-31-23 Fidelity Fund 325,711
03-31-23 Fidelity Fund 1,933
03-31-23 Fidelity Fund 243,328
TOTAL 81,991,119
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-01-23 JP Morgan Chase Cash 3,694,025
03-02-23 JP Morgan Chase Cash 479,524
03-03-23 JP Morgan Chase Cash 2,575,751
03-06-23 JP Morgan Chase Cash 2,826,277
03-07-23 JP Morgan Chase Cash 17,648,724
03-08-23 JP Morgan Chase Cash 2,071,468
03-09-23 JP Morgan Chase Cash 2,195,776
03-10-23 JP Morgan Chase Cash 4,441,074
03-13-23 JP Morgan Chase Cash 2,292,367
03-14-23 JP Morgan Chase Cash 2,273,637
03-15-23 JP Morgan Chase Cash 4,703,920
03-16-23 JP Morgan Chase Cash 1,541,497
03-17-23 JP Morgan Chase Cash 3,041,061
03-20-23 JP Morgan Chase Cash 6,306,177
03-21-23 JP Morgan Chase Cash 12,914,786
03-22-23 JP Morgan Chase Cash 13,140,443
03-23-23 JP Morgan Chase Cash 1,559,189
03-24-23 JP Morgan Chase Cash 806,508
03-27-23 JP Morgan Chase Cash 2,926,002
03-28-23 JP Morgan Chase Cash 2,595,325
03-29-23 JP Morgan Chase Cash 1,407,260
03-30-23 JP Morgan Chase Cash 1,696,254
03-31-23 JP Morgan Chase Cash 2,000,000
03-31-23 JP Morgan Chase Cash 2,583,560
TOTAL 97,720,603
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-23 Pool A Cash 17,900
TOTAL 17,900
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-23 Pool A Cash 7,747
TOTAL 7,747
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-01-23 500,000 Colgate Palmolive Co 100.19 500,965
4.800% Due 03-02-26
03-01-23 500,000 Dupont De Nemours Inc 98.52 492,610
4.725% Due 11-15-28
03-01-23 500,000 Honeywell Intl Inc 100.75 503,740
4.950% Due 02-15-28
03-01-23 500,000 United Parcel Service Inc 97.93 489,675
4.450% Due 04-01-30
TOTAL 1,986,990
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-01-23 23,973 Walgreens Drugs/Adahi, Inc 100.00 23,973 100.00 23,973 0
6.500% Due 05-01-24
03-15-23 88 Gnma Pool #439515 98.06 87 100.00 88 2
7.000% Due 03-15-27
03-15-23 1,080 Gnma Pool #550718 97.31 1,051 100.00 1,080 29
5.000% Due 11-15-35
03-15-23 411 Gnma Pool #648348 99.66 410 100.00 411 1
5.500% Due 10-15-35
03-27-23 125 Fannie Mae Pool #256393 99.67 125 100.00 125 0
6.000% Due 09-01-36
TOTAL 25,646 25,678 33
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
03-01-23 Portfolio Investment Fees Payable 31
TOTAL 31
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-02-23 Pool A Cash 1,400,000
03-31-23 Pool A Cash 168,635
TOTAL 1,568,635
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-07-23 15,000 Walgreens Boots Allian Com 34.62 519,360 TOTAL 519,360
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-02-23 1,700 Costco Whsl Corp New Com 291.80 496,057 481.75 818,969 322,913 03-14-23 2,300 Merck & Co Inc (new) 49.82 114,595 105.31 242,221 127,626 TOTAL 610,652 1,061,191 450,539
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-02-23 Pool A Cash 1,175,000
03-22-23 Pool A Cash 350,000
03-31-23 Pool A Cash 357,899
TOTAL 1,882,899
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-03-23 -300 Select Sector Cll Opt 91.0000 03172023 0.32 -9,492 03-08-23 300 Select Sector Cll Opt 91.0000 03172023 0.07 2,034 03-16-23 -100 Spdr S&p 500 E Cll Opt420.0000
04212023
0.93 -9,297
03-21-23 -200 Select Sector Cll Opt 155.0000
04212023
0.51 -10,194
TOTAL -26,950
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-08-23 0 Select Sector Cll Opt 91.0000 03172023 0.00 2,034 0.00 9,492 7,458 03-17-23 -200 Select Sector Cll Opt 145.0000
03172023
0.00 0 0.00 8,594 8,594
03-20-23 4,400 Select Sector Spdr Tr Technology 54.61 240,283 142.38 626,468 386,185 TOTAL 242,317 644,555 402,238
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-02-23 Pool A Cash 1,800,000
03-22-23 Pool A Cash 650,000
03-31-23 Pool A Cash 255,600
TOTAL 2,705,600
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-02-23 Pool A Cash 625,000
03-31-23 Pool A Cash 1,933
TOTAL 626,933
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-07-23 500,000 Freddie Mac 100.00 500,000
6.000% Due 03-27-26
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-23 Pool A Cash 2,000,000
TOTAL 2,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 03-01-23 To 03-31-23
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 03-01-23 To 03-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!