City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01444 10/29/2024 Consent Item 1.
September 2024 Monthly Investment Transactions Report
File ID: 2024-01444
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 California Environmental Quality Act (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: 2024-01444 10/29/2024 Consent Item 1.
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 September 30, 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 August 31 was $1,676,758,802, while the market value of the Portfolio on September 30 was $1,629,700,425. The yield of the Portfolio in September was 2.99%. There were 28 total transactions for the period (15 purchases, 5 calls and 8 maturities). The estimated duration of the Portfolio as of September 30, 2024, is 1.07 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 73,299,017$ -$ -$ -$ 73,299,017$
Sales - - - - -
Calls 25,000,000 - - - 25,000,000
Maturities 46,326,235 - - - 46,326,235
Contributions 58,610,005 - - - 58,610,005
Withdrawals 115,552,494 - 21,911 8,821 115,583,226 Total 318,787,751$ -$ 21,911$ 8,821$ 318,818,483$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 4,401$ -$ 4,401$
Sales - - 29,259 - 29,259
Calls - - - - -
Maturities 15,624 - - - 15,624
Expenses - - - - -
Contributions - - - - -
Withdrawals 284,023 393,218 218,538 - 895,779 Total 299,647$ 393,218$ 252,198$ -$ 945,063$ City of Sacramento
Summary of Transactions
September-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
September-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls 2,000,000 2,000,000
Maturities 2,753,374 2,753,374
Contributions - -
Withdrawals - -
Total 5,253,374$ 5,253,374$
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 - - 5,000,000 - - 5,000,000
Total -$ -$ 6,189,305$ -$ -$ 6,189,305$
GRAND TOTAL 331,206,225$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-03-2410,000,000 Federal Farm Credit Bank 100.03 10,003,000
4.375% Due 08-27-25
09-03-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.930% Due 09-06-28
09-04-24 5,000,000 MUFG Union Ba nk
97.47 4,873,521
4.670% Due 03-18-25
09-04-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.330% Due 09-10-27
09-05-24 5,000,000 Freddie Mac 99.78 4,989,000
4.250% Due 08-19-27
09-05-24 5,000,000 International Bk Recon & Develop 100.00 5,000,000
4.570% Due 09-04-29
09-06-24 5,000,000 Qualcom Inc 98.40 4,920,250
3.250% Due 05-20-27
09-06-24 5,000,000 Unitedhealth Group Inc 102.92 5,146,050
4.700% Due 04-15-29
09-11-24 2,000,000 Pfizer Inc 98.60 1,972,060
3.450% Due 03-15-29
09-11-24 2,000,000 Salesforce Inc 99.66 1,993,200
3.700% Due 04-11-28
09-12-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.320% Due 09-19-28
09-26-24 5,000,000 Natixis NY 96.94 4,847,193
4.090% Due 06-23-25
09-30-24 5,000,000 MUFG Union Ba nk
96.97 4,848,314
4.060% Due 06-27-25
09-30-24 5,000,000 Toronto Dominion Bank 96.97 4,848,329
4.090% Due 06-25-25
09-30-24 5,000,000 Freddie Mac 97.16 4,858,100
0.375% Due 07-21-25
TOTAL 73,299,017
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
09-10-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
5.440% Due 01-09-29
09-21-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.400% Due 12-21-26
09-25-24 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
5.600% Due 06-25-27
09-30-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.000% Due 09-30-27
09-30-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.100% Due 12-30-24
TOTAL 25,000,000 25,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-01-24 5,000,000 Burlington Northn Santa Fe 98.02 4,900,800 100.00 5,000,000 99,200
3.400% Due 09-01-24
09-01-24 4,000,000 United Parcel Service Inc 100.93 4,037,080 100.00 4,000,000 -37,080
2.200% Due 09-01-24
09-03-24 6,000,000 Cisco Systems Inc. 97.27 5,836,200 97.27 5,836,200 0
5.200% Due 09-03-24
09-11-24 5,000,000 Apple Inc 99.50 4,975,150 100.00 5,000,000 24,850
1.800% Due 09-11-24
09-15-24 3,387,000 Tennessee Valley Auth 98.54 3,337,648 100.00 3,387,000 49,352
2.875% Due 09-15-24
09-17-2410,000,000 Johnson & Johnson 97.20 9,719,822 97.20 9,719,822 0
5.120% Due 09-17-24
09-20-24 9,000,000 MUFG Bank Ltd/NY CP 96.15 8,653,610 96.15 8,653,610 0
5.170% Due 09-20-24
09-30-24 5,000,000 Nestle Finance Intl Ltd 97.32 4,865,925 97.32 4,865,925 0
5.190% Due 09-30-24
TOTAL 46,326,235 46,462,557 136,322
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-03-24 JP Morgan Chase Cash 4,047,901
09-04-24 JP Morgan Chase Cash 5,283,379
09-05-24 JP Morgan Chase Cash 231,163
09-06-24 JP Morgan Chase Cash 3,550,919
09-09-24 JP Morgan Chase Cash 3,404,976
09-11-24 JP Morgan Chase Cash 3,313,509
09-12-24 JP Morgan Chase Cash 1,476,781
09-13-24 JP Morgan Chase Cash 629,689
09-16-24 JP Morgan Chase Cash 2,099,053
09-17-24 JP Morgan Chase Cash 2,180,744
09-18-24 JP Morgan Chase Cash 175,484
09-20-24 JP Morgan Chase Cash 3,691,402
09-24-24 JP Morgan Chase Cash 15,104,372
09-25-24 JP Morgan Chase Cash 8,550,920
09-26-24 JP Morgan Chase Cash 2,026,780
09-27-24 JP Morgan Chase Cash 1,251
09-30-24 JP Morgan Chase Cash 1,900,083
09-30-24 Fidelity Fund 15,088
09-30-24 Fidelity Fund 8,821
09-30-24 Fidelity Fund 21,911
09-30-24 Fidelity Fund 284,023
09-30-24 Fidelity Fund 393,218
09-30-24 Fidelity Fund 218,538
TOTAL 58,610,005
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-03-24 JP Morgan Chase Cash 14,801,527
09-04-24 JP Morgan Chase Cash 6,758,737
09-05-24 JP Morgan Chase Cash 1,133,710
09-06-24 JP Morgan Chase Cash 2,064,406
09-09-24 JP Morgan Chase Cash 2,683,811
09-10-24 JP Morgan Chase Cash 5,183,533
09-11-24 JP Morgan Chase Cash 1,063,677
09-12-24 JP Morgan Chase Cash 2,067,180
09-13-24 JP Morgan Chase Cash 2,000,000
09-13-24 JP Morgan Chase Cash 2,338,254
09-16-24 JP Morgan Chase Cash 7,052,454
09-17-24 JP Morgan Chase Cash 15,272,856
09-18-24 JP Morgan Chase Cash 5,950,152
09-19-24 JP Morgan Chase Cash 6,440,255
09-20-24 JP Morgan Chase Cash 1,044,111
09-23-24 JP Morgan Chase Cash 13,039,909
09-24-24 JP Morgan Chase Cash 4,401,618
09-25-24 JP Morgan Chase Cash 2,214,782
09-26-24 JP Morgan Chase Cash 731,687
09-27-24 JP Morgan Chase Cash 3,000,000
09-27-24 JP Morgan Chase Cash 13,773,111
09-30-24 JP Morgan Chase Cash 2,536,723
TOTAL 115,552,494
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-24 Pool A Cash 21,911
TOTAL 21,911
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-24 Pool A Cash 8,821
TOTAL 8,821
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-16-24 99 Gnma Pool #439515 98.06 97 100.00 99 2
7.000% Due 03-15-27
09-16-24 1,160 Gnma Pool #550718 97.31 1,129 100.00 1,160 31
5.000% Due 11-15-35
09-16-24 386 Gnma Pool #648348 99.66 384 100.00 386 1
5.500% Due 10-15-35
09-25-24 3,819 Freddie Mac Pool #SD8278 101.37 3,871 100.00 3,819 -53
6.000% Due 12-01-52
09-25-24 4,118 Freddie Mac Pool #SD8343 100.06 4,120 100.00 4,118 -3
6.000% Due 07-01-53
09-25-24 5,286 Freddie Mac Pool #SD8432 100.41 5,307 100.00 5,286 -21
6.000% Due 05-01-54
09-25-24 717 Fannie Mae Pool #256393 99.67 715 100.00 717 2
6.000% Due 09-01-36
TOTAL 15,624 15,584 -40
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-24 Pool A Cash 284,023
TOTAL 284,023
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-24 Pool A Cash 393,218
TOTAL 393,218
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-03-24 20 Meta Platforms Cll Opt550.0000
09202024
2.16 4,316
09-03-24 200 Select Sector Cll Opt 230.0000
09202024
0.28 5,556
09-19-24 100 Spdr S&p 500 E Cll Opt570.0000
09202024
1.94 19,388
09-19-24 -100 Spdr S&p 500 E Cll Opt595.0000
10182024
0.89 -8,864
09-19-24 -200 Select Sector Cll Opt 240.0000
10182024
0.80 -15,994
TOTAL 4,401
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-03-24 0 Meta Platforms Cll Opt550.0000
09202024
0.00 4,316 0.00 18,959 14,643
09-03-24 0 Select Sector Cll Opt 230.0000
09202024
0.00 5,556 0.00 20,594 15,038
09-19-24 0 Spdr S&p 500 E Cll Opt570.0000
09202024
0.00 19,388 0.00 8,797 -10,591
TOTAL 29,259 48,350 19,091
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-24 Pool A Cash 218,538
TOTAL 218,538
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-12-24 500,000 Federal Farm Credit Bank 100.00 500,000
4.320% Due 09-19-28
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
09-10-24 500,000 Federal Farm Credit Bank 100.00 500,000 100.00 500,000 0
5.440% Due 01-09-29
09-21-24 500,000 Freddie Mac 100.00 500,000 100.00 500,000 0
5.400% Due 12-21-26
09-30-24 1,000,000 Freddie Mac 100.00 1,000,000 100.00 1,000,000 0
5.000% Due 09-30-27
TOTAL 2,000,000 2,000,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-01-24 262,000 United Parcel Service Inc 100.93 264,429 100.00 262,000 -2,429
2.200% Due 09-01-24
09-11-24 2,500,000 Apple Inc 99.56 2,488,945 100.00 2,500,000 11,055
1.800% Due 09-11-24
TOTAL 2,753,374 2,762,000 8,626
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 09-01-24 To 09-30-24
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 - Tax Exempt
From 09-01-24 To 09-30-24
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 - Taxable
From 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-01-24 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-13-24 Pool A Cash 2,000,000
09-27-24 Pool A Cash 3,000,000
TOTAL 5,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 09-01-24 To 09-30-24
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 09-01-24 To 09-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!