City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01443 9/24/2024 Consent Item 4.
August 2024 Monthly Investment Transactions Report
File ID: 2024-01443
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.
File ID: 2024-01443 9/24/2024 Consent Item 4.
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 25,2024, 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 August 31, 2024, 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 July 31 was $1,686,482,221, while the market value of the Portfolio on August 31 was $1,676,758,802. The yield of the Portfolio in August was 3.00%. There were 23 total transactions for the period (6 purchases, 5 calls and 12 maturities). The estimated duration of the Portfolio as of August 31, 2024, is 1.06 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 30,978,757$ 62,423$ -$ 41,620$ 31,082,800$ Sales - 74,167 - 48,430 122,597
Calls 25,000,000 - - - 25,000,000
Maturities 66,990,410 - - - 66,990,410
Contributions 112,890,807 - - - 112,890,807
Withdrawals 133,907,378 - 15,873 3,555 133,926,806 Total 369,767,352$ 136,590$ 15,873$ 93,605$ 370,013,420$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 2,032,730$ -$ 48,350$ -$ 2,081,080$ Sales - - - - -
Calls - - - - -
Maturities 14,158 - - - 14,158
Expenses - - - - -
Contributions - - - - -
Withdrawals 288,242 516,723 1,514,909 - 2,319,874 Total 2,335,130$ 516,723$ 1,563,259$ -$ 4,415,112$ City of Sacramento
Summary of Transactions
July-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
July-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls 500,000 500,000
Maturities 900,000 900,000
Contributions 1,819,823 1,819,823
Withdrawals 15,000,000 15,000,000
Total 18,219,823$ 18,219,823$
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 - - 1,405,598 - - 1,405,598
Withdrawals - - 7,000,000 - - 7,000,000
Total -$ -$ 8,405,598$ -$ -$ 8,405,598$
GRAND TOTAL 401,053,953$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-02-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.620% Due 08-12-27
08-06-24 5,995,000 Federal Home Loan Bank 99.83 5,984,557
4.250% Due 08-07-25
08-19-24 5,000,000 Federal Home Loan Bank 100.00 5,000,000
5.250% Due 08-06-29
08-20-24 5,000,000 International Bk Recon & Develop 99.88 4,994,200
4.000% Due 08-27-26
08-21-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.500% Due 08-27-26
08-21-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.580% Due 08-27-27
TOTAL 30,978,757
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
08-01-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
5.540% Due 12-01-26
08-09-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
5.500% Due 12-20-27
08-26-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.400% Due 02-24-26
08-27-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.300% Due 02-27-26
08-28-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
5.540% Due 08-28-25
TOTAL 25,000,000 25,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-24 1,000,000 Garden Grove California Unified
School District
100.00 1,000,000 100.00 1,000,000 0
1.966% Due 08-01-24
08-01-24 2,500,000 Los Angeles Calif Cmnty College 100.23 2,505,650 100.00 2,500,000 -5,650
5.500% Due 08-01-24
08-05-2410,000,000 Pfizer Inc 97.43 9,743,056 97.43 9,743,056 0
5.000% Due 08-05-24
08-13-24 8,000,000 Cisco Systems Inc. 97.32 7,785,573 97.32 7,785,573 0
5.160% Due 08-13-24
08-20-24 7,000,000 Pepsico Inc 97.49 6,824,076 97.49 6,824,076 0
5.170% Due 08-20-24
08-20-24 5,000,000 Federal Home Loan Bank 97.27 4,863,468 97.27 4,863,468 0
4.990% Due 08-20-24
08-23-24 4,955,000 Principal Life Global Fdg Ii 97.46 4,829,242 100.00 4,955,000 125,758
0.750% Due 08-23-24
08-26-24 2,150,000 New York Life Global 99.25 2,133,875 100.00 2,150,000 16,125
3.855% Due 08-26-24
08-26-24 1,000,000 Barclays Us Fdg 96.90 968,957 96.90 968,957 0
5.150% Due 08-26-24
08-26-2410,000,000 Metlife Short Term Fund 97.42 9,742,500 97.42 9,742,500 0
5.150% Due 08-26-24
08-26-24 9,000,000 Barclays Us Fdg 96.90 8,720,612 96.90 8,720,612 0
5.150% Due 08-26-24
08-30-24 8,000,000 Disney Walt Co 98.42 7,873,400 100.00 8,000,000 126,600
1.750% Due 08-30-24
TOTAL 66,990,410 67,253,243 262,833
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-24 JP Morgan Chase Cash 7,243,352
08-02-24 JP Morgan Chase Cash 5,334,154
08-05-24 JP Morgan Chase Cash 3,247,061
08-06-24 JP Morgan Chase Cash 21,683,852
08-07-24 JP Morgan Chase Cash 1,031,759
08-09-24 JP Morgan Chase Cash 3,651,631
08-12-24 JP Morgan Chase Cash 3,917,031
08-12-24 JP Morgan Chase Cash 169
08-13-24 JP Morgan Chase Cash 3,081,010
08-14-24 JP Morgan Chase Cash 4,079,896
08-15-24 JP Morgan Chase Cash 5,181,320
08-16-24 JP Morgan Chase Cash 1,011,068
08-19-24 JP Morgan Chase Cash 8,775,428
08-20-24 JP Morgan Chase Cash 169,675
08-21-24 JP Morgan Chase Cash 4,402,181
08-22-24 JP Morgan Chase Cash 1,234
08-23-24 JP Morgan Chase Cash 4,012,799
08-26-24 JP Morgan Chase Cash 21,418,264
08-27-24 JP Morgan Chase Cash 7,811,326
08-28-24 JP Morgan Chase Cash 2,377
08-29-24 JP Morgan Chase Cash 2,165,812
08-29-24 Fidelity Fund 1,500,000
08-29-24 Fidelity Fund 500,000
08-30-24 JP Morgan Chase Cash 2,329,929
08-30-24 Fidelity Fund 2,505
08-30-24 Fidelity Fund 1,395
08-30-24 Fidelity Fund 15,873
08-30-24 Fidelity Fund 288,073
08-30-24 Fidelity Fund 16,723
08-30-24 Fidelity Fund 14,909
TOTAL 112,890,807
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-01-24 JP Morgan Chase Cash 4,013,865
08-02-24 JP Morgan Chase Cash 4,000,000
08-02-24 JP Morgan Chase Cash 2,372,861
08-05-24 JP Morgan Chase Cash 3,289,109
08-06-24 JP Morgan Chase Cash 15,398,668
08-07-24 JP Morgan Chase Cash 7,014,382
08-08-24 JP Morgan Chase Cash 8,279,302
08-09-24 JP Morgan Chase Cash 1,773,906
08-12-24 JP Morgan Chase Cash 2,850,774
08-13-24 JP Morgan Chase Cash 2,251,404
08-14-24 JP Morgan Chase Cash 3,177,625
08-15-24 JP Morgan Chase Cash 1,104,007
08-16-24 JP Morgan Chase Cash 3,000,000
08-16-24 JP Morgan Chase Cash 4,691,611
08-19-24 JP Morgan Chase Cash 3,416,042
08-20-24 JP Morgan Chase Cash 19,619,668
08-21-24 JP Morgan Chase Cash 8,985,196
08-22-24 JP Morgan Chase Cash 3,824,746
08-23-24 JP Morgan Chase Cash 1,014,773
08-26-24 JP Morgan Chase Cash 1,677,005
08-27-24 JP Morgan Chase Cash 4,467,590
08-28-24 JP Morgan Chase Cash 23,037,555
08-29-24 JP Morgan Chase Cash 1,165,336
08-30-24 JP Morgan Chase Cash 3,481,953
TOTAL 133,907,378
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-13-24 1,500 U. S. Bancorp 41.62 62,423
TOTAL 62,423
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-02-24 2,900 Intel Corp 25.57 74,167 20.77 60,227 -13,941 TOTAL 74,167 60,227 -13,941
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-24 Pool A Cash 15,873
TOTAL 15,873
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-13-24 1,000 U. S. Bancorp 41.62 41,620
TOTAL 41,620
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-02-24 1,900 Intel Corp 25.49 48,430 20.77 39,460 -8,970 TOTAL 48,430 39,460 -8,970
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-24 Pool A Cash 3,555
TOTAL 3,555
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-02-24 500,000 Lauder Estee Cos Inc 102.04 510,210
5.000% Due 02-14-34
08-02-24 500,000 General Mills Inc 101.12 505,610
4.950% Due 03-29-33
08-02-24 500,000 Nestle Capital Corp 102.06 510,285
4.650% Due 03-12-29
08-02-24 500,000 Northrop Grumman Corp 101.32 506,625
4.900% Due 06-01-34
TOTAL 2,032,730
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-15-24 98 Gnma Pool #439515 98.06 96 100.00 98 2
7.000% Due 03-15-27
08-15-24 1,129 Gnma Pool #550718 97.31 1,098 100.00 1,129 30
5.000% Due 11-15-35
08-15-24 384 Gnma Pool #648348 99.66 382 100.00 384 1
5.500% Due 10-15-35
08-26-24 3,045 Freddie Mac Pool #SD8278 101.37 3,087 100.00 3,045 -42
6.000% Due 12-01-52
08-26-24 3,098 Freddie Mac Pool #SD8343 100.06 3,100 100.00 3,098 -2
6.000% Due 07-01-53
08-26-24 6,252 Freddie Mac Pool #SD8432 100.41 6,277 100.00 6,252 -25
6.000% Due 05-01-54
08-26-24 117 Fannie Mae Pool #256393 99.67 117 100.00 117 0
6.000% Due 09-01-36
TOTAL 14,158 14,123 -35
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-24 Pool A Cash 288,242
TOTAL 288,242
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-29-24 Pool A Cash 500,000
08-31-24 Pool A Cash 16,723
TOTAL 516,723
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-01-24 -20 Meta Platforms Cll Opt550.000 0
092
02024
9.48 -18,959
08-08-24 -100 Spdr S&p 500 E Cll Opt570.0000
09202024
0.88 -8,797
08-08-24 -200 Select Sector Cll Opt 230.0000
09202024
1.03 -20,594
TOTAL -48,350
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-29-24 Pool A Cash 1,500,000
08-31-24 Pool A Cash 14,909
TOTAL 1,514,909
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-24 Pool A Cash 0
TOTAL 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
08-01-24 500,000 Federal Farm Credit Bank 100.00 500,000 100.00 500,000 0
5.540% Due 12-01-26
TOTAL 500,000 500,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-24 400,000 Garden Grove California Unified
School District
100.00 400,000 100.00 400,000 0
1.966% Due 08-01-24
08-01-24 500,000 Oregon State 100.00 500,000 100.00 500,000 0
0.638% Due 08-01-24
TOTAL 900,000 900,000 0
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-22-24 Fidelity Fund 1,819,823
TOTAL 1,819,823
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-09-24 Caltrust Liquidity Fund 7,500,000
08-09-24 Fidelity Fund 7,500,000
TOTAL 15,000,000
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 08-01-24 To 08-31-24
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 - Tax Exempt
From 08-01-24 To 08-31-24
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 - Taxable
From 08-01-24 To 08-31-24
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 08-01-24 To 08-31-24
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 08-01-24 To 08-31-24
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 08-01-24 To 08-31-24
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 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-24 Pool A Cash 1,189,305
08-06-24 Pool A Cash 216,293
TOTAL 1,405,598
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-02-24 Pool A Cash 4,000,000
08-16-24 Pool A Cash 3,000,000
TOTAL 7,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 08-01-24 To 08-31-24
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 08-01-24 To 08-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!