City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01883 1/7/2025 Consent Item 3.
November 2024 Monthly Investment Transactions Report
File ID: 2024-01883
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: 2024-01883 1/7/2025 Consent Item 3.
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 November 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 October 31 was $1,597,001,397, while the market value of the Portfolio on November 30 was $1,534,808,864. The yield of the Portfolio in November was 2.84%. There were 21 total transactions for the period (5 purchases, 5 calls and 11 maturities). The estimated duration of the Portfolio as of November 30, 2024, is 1.15 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 34,432,067$ 300,562$ -$ -$ 34,732,629$ Sales - - - - -
Calls 24,991,250 - - - 24,991,250
Maturities 74,255,118 - - - 74,255,118
Contributions 65,655,530 - - - 65,655,530
Withdrawals 133,578,598 - 11,587 3,582 133,593,767 Total 332,912,563$ 300,562$ 11,587$ 3,582$ 333,228,294$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 85,577$ -$ 85,577$
Sales - - 1,778 - 1,778
Calls - - - - -
Maturities 41,657 - - - 41,657
Expenses - - - - -
Contributions - - - - -
Withdrawals 410,847 1,967,691 963,463 600,000 3,942,001 Total 452,504$ 1,967,691$ 1,050,818$ 600,000$ 4,071,013$
ATTACHMENT A
City of Sacramento
Summary of Transactions
November-24
City of Sacramento
Summary of Transactions
November-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls 3,000,000 3,000,000
Maturities 750,000 750,000
Contributions - -
Withdrawals 10,000,000 10,000,000
Total 13,750,000$ 13,750,000$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$
Withdrawals 900,000 - - - 900,000
Total 900,000$ -$ -$ -$ 900,000$
All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$
Sales - - - - - -
Calls - - - - - -
Maturities - - - - - -
Contributions - - 1,189,305 - - 1,189,305
Withdrawals - - 5,002,423 - - 5,002,423
Total -$ -$ 6,191,728$ -$ -$ 6,191,728$
GRAND TOTAL 358,141,035$
Trade U
nit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-01-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.670% Due 11-07-28
11-06-24 5,000,000 Freddie Mac 100.00 5,000,000
5.000% Due 11-07-29
11-13-24 5,000,000 Federal Farm Credit Bank 99.73 4,986,500
4.720% Due 08-28-29
11-22-2410,000,000 Natixis NY 97.17 9,716,900
4.470% Due 07-08-25
11-22-2410,000,000 Toronto Dominion Bank 97.29 9,728,667
4.400% Due 07-02-25
TOTAL 34,432,067
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-24 To 11-30-24
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
11-07-24 5,000,000 Fannie Mae 100.00 5,000,000 100.00 5,000,000 0
5.060% Due 02-07-25
11-08-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.375% Due 02-08-27
11-15-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.875% Due 11-15-28
11-16-24 5,000,000 Freddie Mac 99.82 4,991,250 100.00 5,000,000 8,750
5.200% Due 05-16-25
11-21-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
5.500% Due 02-21-29
TOTAL 24,991,250 25,000,000 8,750
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-24 5,000,000 Royal Bank of Canada 102.36 5,118,100 100.00 5,000,000 -118,100
2.250% Due 11-01-24
11-01-24 1,150,000 Mississippi St 100.00 1,150,000 100.00 1,150,000 0
0.565% Due 11-01-24
11-12-2410,000,000 Sanofi 97.12 9,711,614 97.12 9,711,614 0
5.270% Due 11-12-24
11-13-24 8,000,000 Johnson & Johnson 97.25 7,780,138 97.25 7,780,138 0
5.180% Due 11-13-24
11-22-2410,000,000 Ing (US) Funding LLC 96.86 9,685,539 96.86 9,685,539 0
5.290% Due 11-22-24
11-25-24 5,000,000 US Bank CD 100.00 5,000,000 100.00 5,000,000 0
3.000% Due 11-25-24
11-25-24 5,000,000 MUFG Union Ba nk
96.83 4,841,437 96.83 4,841,437 0
5.310% Due 11-25-24
11-25-24 5,000,000 Freddie Mac 97.35 4,867,500 100.00 5,000,000 132,500
0.450% Due 11-25-24
11-26-24 8,000,000 Credit Agricole Corp 97.06 7,764,889 97.06 7,764,889 0
5.290% Due 11-26-24
11-26-2410,000,000 LLoyds Bank Plc 96.82 9,682,278 96.82 9,682,278 0
5.320% Due 11-26-24
11-29-24 9,000,000 U. S. Treasury Bill 96.15 8,653,624 96.15 8,653,624 0
4.665% Due 11-29-24
TOTAL 74,255,118 74,269,518 14,400
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-24 JP Morgan Chase Cash 3,103,361
11-04-24 JP Morgan Chase Cash 4,793,841
11-05-24 JP Morgan Chase Cash 4,002,526
11-06-24 JP Morgan Chase Cash 4,328,416
11-07-24 JP Morgan Chase Cash 2,338,336
11-08-24 JP Morgan Chase Cash 3,842
11-12-24 Fidelity Fund 2,812
11-13-24 JP Morgan Chase Cash 2,155,169
11-14-24 JP Morgan Chase Cash 659,584
11-15-24 JP Morgan Chase Cash 191
11-15-24 Fidelity Fund 450,000
11-15-24 Fidelity Fund 450,000
11-18-24 JP Morgan Chase Cash 5,357,507
11-19-24 JP Morgan Chase Cash 2,484,683
11-20-24 JP Morgan Chase Cash 3,400,826
11-22-24 JP Morgan Chase Cash 26,355,964
11-26-24 JP Morgan Chase Cash 5,308,772
11-29-24 Fidelity Fund 2,528
11-29-24 Fidelity Fund 3,582
11-29-24 Fidelity Fund 11,587
11-29-24 Fidelity Fund 410,847
11-29-24 Fidelity Fund 17,691
11-29-24 Fidelity Fund 13,463
TOTAL 65,655,530
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-24 JP Morgan Chase Cash 500,000
11-01-24 JP Morgan Chase Cash 3,988,196
11-04-24 JP Morgan Chase Cash 2,596,999
11-05-24 JP Morgan Chase Cash 1,259,265
11-06-24 JP Morgan Chase Cash 4,619,470
11-07-24 JP Morgan Chase Cash 1,821,689
11-08-24 JP Morgan Chase Cash 2,000,000
11-08-24 JP Morgan Chase Cash 4,931,264
11-08-24 Fidelity Fund 298,374
11-12-24 JP Morgan Chase Cash 23,500,811
11-13-24 JP Morgan Chase Cash 5,892,147
11-14-24 JP Morgan Chase Cash 649,214
11-15-24 JP Morgan Chase Cash 2,994,563
11-18-24 JP Morgan Chase Cash 5,549,339
11-19-24 JP Morgan Chase Cash 3,202,897
11-20-24 JP Morgan Chase Cash 4,902,489
11-21-24 JP Morgan Chase Cash 4,541,197
11-22-24 JP Morgan Chase Cash 400,000
11-22-24 JP Morgan Chase Cash 3,607,324
11-25-24 JP Morgan Chase Cash 15,901,707
11-26-24 JP Morgan Chase Cash 14,125,826
11-27-24 JP Morgan Chase Cash 18,776,130
11-29-24 JP Morgan Chase Cash 3,000,000
11-29-24 JP Morgan Chase Cash 4,519,697
TOTAL 133,578,598
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-07-24 3,350 Bank Of America Corp 44.76 149,959
11-07-24 2,200 Citigroup Inc 68.46 150,603
TOTAL 300,562
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-24 Pool A Cash 11,587
TOTAL 11,587
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-24 Pool A Cash 3,582
TOTAL 3,582
T
rade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-15-24 100 Gnma Pool #439515 98.06 98 100.00 100 2
7.000% Due 03-15-27
11-15-24 1,153 Gnma Pool #550718 97.31 1,122 100.00 1,153 31
5.000% Due 11-15-35
11-15-24 394 Gnma Pool #648348 99.66 392 100.00 394 1
5.500% Due 10-15-35
11-25-24 7,584 Freddie Mac Pool #SD8278 101.37 7,689 100.00 7,584 -104
6.000% Due 12-01-52
11-25-24 13,600 Freddie Mac Pool #SD8343 100.06 13,609 100.00 13,600 -9
6.000% Due 07-01-53
11-25-24 18,560 Freddie Mac Pool #SD8432 100.41 18,635 100.00 18,560 -75
6.000% Due 05-01-54
11-25-24 112 Fannie Mae Pool #256393 99.67 112 100.00 112 0
6.000% Due 09-01-36
TOTAL 41,657 41,503 -154
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-24 To 11-30-24
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-24 Pool A Cash 410,847
TOTAL 410,847
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-24 Pool A Cash 1,500,000
11-15-24 Pool A Cash 450,000
11-30-24 Pool A Cash 17,691
TOTAL 1,967,691
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-07-24 -50 Amazon Com Inc Cll Opt230.00 00
122
02024
1.71 -8,538
11-07-24 -40 Ishares Tr Cll Opt 255.0000 12202024 1.78 -7,139 11-07-24 -100 Vaneck Etf Tru Cll Opt295.00 00
122
02024
1.80 -18,042
11-07-24 -100 Spdr S&p 500 E Cll Opt625.0000
12202024
1.49 -14,949
11-07-24 -200 Select Sector Cll Opt 255.0000
12202024
1.00 -19,912
11-12-24 -150 Spdr Ser Tr Cll Opt 75.0000 12202024 0.53 -8,021 11-15-24 -200 Select Sector Cll Opt 101.0000
12202024
0.54 -10,754
11-22-24 100 Vaneck Etf Tru Cll Opt295.0000
12202024
0.18 1,778
TOTAL -85,577
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-22-24 0 Vaneck Etf Tru Cll Opt295.0000
12202024
0.00 1,778 0.00 18,042 16,264
TOTAL 1,778 18,042 16,264
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-24 Pool A Cash 500,000
11-15-24 Pool A Cash 450,000
11-30-24 Pool A Cash 13,463
TOTAL 963,463
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-15-24 Pool A Cash 600,000
TOTAL 600,000
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss CALLS
11-08-24 1,000,000 Freddie Mac 100.00 1,000,000 100.00 1,000,000 0
5.375% Due 02-08-27
11-15-24 1,000,000 Freddie Mac 100.00 1,000,000 100.00 1,000,000 0
5.875% Due 11-15-28
11-21-24 1,000,000 Freddie Mac 100.00 1,000,000 100.00 1,000,000 0
5.500% Due 02-21-29
TOTAL 3,000,000 3,000,000 0
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-24 To 11-30-24
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-24 To 11-30-24
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
MATURITIES
11-01-24 750,000 California St Univ Rev 100.00 750,000 100.00 750,000 0
0.685% Due 11-01-24
TOTAL 750,000 750,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-24 To 11-30-24
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
11-05-24 Caltrust Liquidity Fund 10,000,000
TOTAL 10,000,000
T
rade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-24 Pool A Cash 500,000
11-22-24 Pool A Cash 400,000
TOTAL 900,000
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 11-01-24 To 11-30-24
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 11-01-24 To 11-30-24
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 11-01-24 To 11-30-24
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 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
T
rade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT F
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 11-01-24 To 11-30-24
City of Sacramento
TRANSACTION SUMMARY
Reclamation District No. 1000
From 11-01-24 To 11-30-24
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 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-24 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-05-24 Pool A Cash 2,423
11-08-24 Pool A Cash 2,000,000
11-29-24 Pool A Cash 3,000,000
TOTAL 5,002,423
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 11-01-24 To 11-30-24
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 11-01-24 To 11-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!