City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00412 5/30/2023 Consent Item 1.
April 2023 Monthly Investment Transactions Report
File ID: 2023-00412
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: 2023-00412 5/30/2023 Consent Item 1.
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 April 30, 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 March 31 was $1,504,574,138, while the market value of the Portfolio on April 30 was $1,561,192,665. The yield of the Portfolio in April was 2.38%. There were 12 total transactions for the period (8 purchases and 4 maturities). The estimated duration of the Portfolio as of April 30, 2023, is
1.88 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 56,369,598$ -$ -$ -$ 56,369,598$ Sales - - - - - Calls - - - - - Maturities 24,524,373 - - - 24,524,373 Contributions 129,901,248 - - - 129,901,248 Withdrawals 78,436,873 - 11,420 1,608 78,449,901 Total 289,232,092$ -$ 11,420$ 1,608$ 289,245,120$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 240,075$ -$ 36,861$ -$ 276,936$ Sales 87,125 - 699 - 87,824 Calls - - - - - Maturities 31,105 - - - 31,105 Expenses 29 - - - 29 Contributions - - - - - Withdrawals 284,434 20,220 19,858 7 324,519 Total 642,768$ 20,220$ 57,418$ 7$ 720,413$ City of Sacramento
Summary of Transactions
April-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
April-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 - - 2,023,628 1,250 250,000 2,274,878 Total -$ -$ 3,212,933$ 1,250$ 250,000$ 3,464,183$ GRAND TOTAL 293,929,716$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-05-23 5,000,000 Federal Home Loan Bank 100.00 5,000,000
5.050% Due 10-21-24
04-06-23 5,000,000 Freddie Mac 100.00 5,000,000
5.200% Due 04-27-26
04-06-23 5,000,000 Federal Home Loan Bank 100.00 5,000,000
5.050% Due 02-27-24
04-20-23 7,000,000 Amazon.Com Inc 98.21 6,874,490
4.890% Due 08-30-23
04-24-23 5,000,000 Fannie Mae 100.00 5,000,000
5.220% Due 05-03-24
04-24-2310,000,000 U. S. Treasury Bill 98.36 9,835,714
4.970% Due 08-22-23
04-25-2310,000,000 Honeywell International 98.22 9,821,972
4.930% Due 09-05-23
04-25-2310,000,000 Nestle Finance Intl Ltd 98.37 9,837,422
4.960% Due 08-22-23
TOTAL 56,369,598
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-04-23 5,000,000 MUFG Bank Ltd/NY 97.73 4,886,425 97.73 4,886,425 0
3.540% Due 04-04-23
04-04-23 5,000,000 Natixis NY 97.84 4,892,050 97.84 4,892,050 0
3.810% Due 04-04-23
04-18-2310,000,000 Credit Agricole Corp 97.67 9,766,693 97.67 9,766,693 0
4.340% Due 04-18-23
04-19-23 5,000,000 International Bk Recon & Develop 99.58 4,979,205 100.00 5,000,000 20,795
1.750% Due 04-19-23
TOTAL 24,524,373 24,545,168 20,795
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-03-23 JP Morgan Chase Cash 25,954
04-03-23 JP Morgan Chase Cash 4,824,664
04-04-23 JP Morgan Chase Cash 2,715,177
04-05-23 JP Morgan Chase Cash 3,326,197
04-07-23 JP Morgan Chase Cash 3,865,775
04-10-23 JP Morgan Chase Cash 1,309,669
04-11-23 JP Morgan Chase Cash 2,450,912
04-12-23 JP Morgan Chase Cash 8,265,558
04-13-23 JP Morgan Chase Cash 2,470,277
04-14-23 JP Morgan Chase Cash 28
04-17-23 JP Morgan Chase Cash 4,291,139
04-18-23 JP Morgan Chase Cash 6,768,031
04-19-23 JP Morgan Chase Cash 4,946,478
04-21-23 JP Morgan Chase Cash 49,909,703
04-24-23 JP Morgan Chase Cash 19,151,581
04-25-23 JP Morgan Chase Cash 5,510,977
04-26-23 JP Morgan Chase Cash 2,151,020
04-27-23 JP Morgan Chase Cash 2,972,753
04-27-23 Fidelity Fund 3,000
04-28-23 JP Morgan Chase Cash 4,770,955
04-28-23 Fidelity Fund 3,056
04-28-23 Fidelity Fund 1,608
04-28-23 Fidelity Fund 11,420
04-28-23 Fidelity Fund 135,088
04-28-23 Fidelity Fund 20,220
04-28-23 Fidelity Fund 7
TOTAL 129,901,248
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-03-23 JP Morgan Chase Cash 2,155,537
04-04-23 JP Morgan Chase Cash 13,499,057
04-05-23 JP Morgan Chase Cash 5,062,393
04-06-23 JP Morgan Chase Cash 1,707,644
04-07-23 JP Morgan Chase Cash 1,369,196
04-10-23 JP Morgan Chase Cash 1,529,744
04-11-23 JP Morgan Chase Cash 4,404,969
04-12-23 JP Morgan Chase Cash 1,653,203
04-13-23 JP Morgan Chase Cash 4,889,393
04-14-23 JP Morgan Chase Cash 4,377,339
04-17-23 JP Morgan Chase Cash 5,915,400
04-18-23 JP Morgan Chase Cash 12,315,586
04-19-23 JP Morgan Chase Cash 6,861,260
04-20-23 JP Morgan Chase Cash 2,578,873
04-21-23 JP Morgan Chase Cash 2,000,000
04-21-23 JP Morgan Chase Cash 1,198,575
04-24-23 JP Morgan Chase Cash 1,918,326
04-25-23 JP Morgan Chase Cash 1,159,020
04-26-23 JP Morgan Chase Cash 1,117,675
04-27-23 JP Morgan Chase Cash 1,767,186
04-28-23 JP Morgan Chase Cash 956,496
TOTAL 78,436,873
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 11,420
TOTAL 11,420
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 1,608
TOTAL 1,608
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-04-23 240,000 U.S. Treasury Note 100.03 240,075
3.875% Due 03-31-25
TOTAL 240,075
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-03-23 85,000 Bay Area Toll Auth Calif Toll Toll Brid 102.50 87,125 100.00 85,000 -2,125
6.793% Due 04-01-30
TOTAL 87,125 85,000 -2,125
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-03-23 24,103 Walgreens Drugs/Adahi, Inc 100.00 24,103 100.00 24,103 0
6.500% Due 05-01-24
04-17-23 89 Gnma Pool #439515 98.06 87 100.00 89 2
7.000% Due 03-15-27
04-17-23 1,128 Gnma Pool #550718 97.31 1,097 100.00 1,128 30
5.000% Due 11-15-35
04-17-23 413 Gnma Pool #648348 99.66 412 100.00 413 1
5.500% Due 10-15-35
04-25-23 4,928 Freddie Mac Pool #SD8278 101.37 4,996 100.00 4,928 -68
6.000% Due 12-01-52
04-25-23 411 Fannie Mae Pool #256393 99.67 410 100.00 411 1
6.000% Due 09-01-36
TOTAL 31,105 31,073 -33
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
04-03-23 Portfolio Investment Fees Payable 29
TOTAL 29
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 284,434
TOTAL 284,434
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 20,220
TOTAL 20,220
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-20-23 -100 Alphabet Inc Cll Opt 120.0000
05192023
0.51 -5,097
04-20-23 -40 Meta Platforms Cll Opt250.0000
05192023
2.08 -8,319
04-27-23 -70 Amazon Com Inc Cll Opt125.0000
05192023
0.68 -4,758
04-27-23 -100 Spdr S&p 500 E Cll Opt425.0000
05192023
0.45 -4,497
04-27-23 -200 Select Sector Cll Opt 89.0000 05192023 0.41 -8,294 04-27-23 -200 Select Sector Cll Opt 156.0000
05192023
0.33 -6,594
04-28-23 70 Amazon Com Inc Cll Opt125.0000
05192023
0.10 699
TOTAL -36,861
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-21-23 -100 Spdr S&p 500 E Cll Opt420.0000
04212023
0.00 0 0.00 9,297 9,297
04-21-23 -200 Select Sector Cll Opt 155.0000
04212023
0.00 0 0.00 10,194 10,194
04-28-23 0 Amazon Com Inc Cll Opt125.0000
05192023
0.00 699 0.00 4,758 4,059
TOTAL 699 24,249 23,551
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 19,858
TOTAL 19,858
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-23 Pool A Cash 7
TOTAL 7
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-05-23 500,000 Federal Home Loan Bank 100.00 500,000
5.050% Due 10-21-24
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
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 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-03-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-23 Pool A Cash 23,628
04-21-23 Pool A Cash 2,000,000
TOTAL 2,023,628
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-23 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 04-01-23 To 04-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-14-23 Pool A Cash 250,000
TOTAL 250,000