City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01884 2/4/2025 Consent Item 1.
December 2024 Monthly Investment Transactions Report
File ID: 2024-01884
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: 2024-01884 2/4/2025 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 December 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 November 30 was $1,534,808,864, while the market value of the Portfolio on December 31 was $1,617,540,465. The yield of the Portfolio in December was 2.73%. There were 18 total transactions for the period (11 purchases and 7 maturities). The estimated duration of the Portfolio as of December 31, 2024, is 1.13 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 78,589,334$ -$ -$ -$ 78,589,334$
Sales - - - - -
Calls - - - - -
Maturities 59,922,372 - - - 59,922,372
Contributions 180,302,079 - - - 180,302,079
Withdrawals 102,666,625 - 23,485 8,870 102,698,980 Total 421,480,410$ -$ 23,485$ 8,870$ 421,512,765$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 11,469$ -$ 11,469$
Sales - - 11,469 - 11,469
Calls - - - - -
Maturities 17,263 - - - 17,263
Expenses - - - - -
Contributions - - - - -
Withdrawals 288,307 383,293 1,252,706 51,411 1,975,717 Total 305,570$ 383,293$ 1,275,644$ 51,411$ 2,015,918$ City of Sacramento
Summary of Transactions
December-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
December-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total -$ -$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals 500,000 - - - 500,000 Total 500,000$ -$ -$ -$ 500,000$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,297,321 - - 1,297,321 Withdrawals - - 3,000,000 - - 3,000,000 Total -$ -$ 4,297,321$ -$ -$ 4,297,321$ GRAND TOTAL 428,326,004$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-02-24 5,000,000 Societe Generale 97.39 4,869,590
4.450% Due 07-02-25
12-05-24 5,000,000 Hawaii St 100.00 5,000,000
4.237% Due 10-01-28
12-05-24 5,960,000 Hawaii St 100.00 5,960,000
4.287% Due 10-01-29
12-09-24 5,000,000 Credit Agricole Corp 97.47 4,873,693
4.310% Due 07-08-25
12-20-2410,000,000 Credit Agricole Corp 97.37 9,736,586
4.370% Due 07-25-25
12-20-2410,000,000 MUFG Union Ba nk
97.34 9,734,167
4.350% Due 07-28-25
12-23-24 4,110,000 Freddie Mac 100.40 4,126,440
5.040% Due 07-22-27
12-23-24 5,000,000 International Bk Recon & Develop 101.10 5,055,000
5.170% Due 04-24-29
12-26-2410,000,000 Toronto Dominion Bank 97.47 9,746,833
4.340% Due 07-24-25
12-27-2410,000,000 Societe Generale 97.41 9,741,442
4.370% Due 07-28-25
12-27-2410,000,000 Sumitomo Mitsui Bank Corp 97.46 9,745,583
4.300% Due 07-28-25
TOTAL 78,589,334
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-10-24 8,000,000 Credit Agricole Corp 96.96 7,756,660 96.96 7,756,660 0
5.290% Due 12-10-24
12-10-2410,000,000 Societe Generale 96.98 9,697,550 96.98 9,697,550 0
5.260% Due 12-10-24
12-23-2410,000,000 Ing US Funding LLC 96.84 9,683,542 96.84 9,683,542 0
5.250% Due 12-23-24
12-24-24 5,000,000 Natixis NY 96.84 4,842,035 96.84 4,842,035 0
5.290% Due 12-24-24
12-24-2410,000,000 Toronto Dominion Bank 96.82 9,682,083 96.82 9,682,083 0
5.250% Due 12-24-24
12-26-24 9,000,000 U. S. Treasury Bill 95.40 8,586,102 95.40 8,586,102 0
4.548% Due 12-26-24
12-31-2410,000,000 Credit Agricole Corp 96.74 9,674,400 96.74 9,674,400 0
5.280% Due 12-31-24
TOTAL 59,922,372 59,922,372 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-02-24 JP Morgan Chase Cash 1,150
12-02-24 JP Morgan Chase Cash 5,394,390
12-03-24 JP Morgan Chase Cash 2,768,040
12-04-24 JP Morgan Chase Cash 2,493,026
12-05-24 JP Morgan Chase Cash 6,431,139
12-06-24 JP Morgan Chase Cash 4,664,825
12-06-24 Fidelity Fund 4,875
12-09-24 JP Morgan Chase Cash 3,481,141
12-10-24 JP Morgan Chase Cash 2,974,536
12-11-24 JP Morgan Chase Cash 1,368,617
12-12-24 JP Morgan Chase Cash 454,581
12-12-24 Fidelity Fund 1,000,000
12-13-24 JP Morgan Chase Cash 363
12-16-24 JP Morgan Chase Cash 4,690,482
12-17-24 JP Morgan Chase Cash 2,330,548
12-18-24 JP Morgan Chase Cash 4,487
12-18-24 JP Morgan Chase Cash 586
12-18-24 JP Morgan Chase Cash 6,634,075
12-19-24 JP Morgan Chase Cash 7,066,091
12-20-24 JP Morgan Chase Cash 73,838,805
12-23-24 JP Morgan Chase Cash 2,659,755
12-24-24 JP Morgan Chase Cash 21,577,986
12-27-24 JP Morgan Chase Cash 312
12-30-24 JP Morgan Chase Cash 26,306,701
12-30-24 Fidelity Fund 15,938
12-30-24 Fidelity Fund 8,870
12-30-24 Fidelity Fund 23,485
12-30-24 Fidelity Fund 288,307
12-30-24 Fidelity Fund 383,293
12-30-24 Fidelity Fund 247,634
12-31-24 JP Morgan Chase Cash 3,188,042
TOTAL 180,302,079
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-02-24 JP Morgan Chase Cash 1,276,676
12-03-24 JP Morgan Chase Cash 3,996,104
12-04-24 JP Morgan Chase Cash 328,065
12-05-24 JP Morgan Chase Cash 10,454,144
12-06-24 JP Morgan Chase Cash 1,400,478
12-09-24 JP Morgan Chase Cash 2,727,624
12-10-24 JP Morgan Chase Cash 14,474,107
12-11-24 JP Morgan Chase Cash 6,327,252
12-12-24 JP Morgan Chase Cash 676,913
12-13-24 JP Morgan Chase Cash 6,473,491
12-16-24 JP Morgan Chase Cash 500,000
12-16-24 JP Morgan Chase Cash 3,989,725
12-17-24 JP Morgan Chase Cash 2,465,402
12-18-24 JP Morgan Chase Cash 3,491,646
12-19-24 JP Morgan Chase Cash 1,330,376
12-20-24 JP Morgan Chase Cash 3,000,000
12-20-24 JP Morgan Chase Cash 3,132,894
12-23-24 JP Morgan Chase Cash 2,315,733
12-24-24 JP Morgan Chase Cash 20,410,769
12-26-24 JP Morgan Chase Cash 3,931,280
12-27-24 JP Morgan Chase Cash 7,247,754
12-30-24 JP Morgan Chase Cash 1,270,732
12-31-24 JP Morgan Chase Cash 1,445,461
TOTAL 102,666,625
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-24 Pool A Cash 23,485
TOTAL 23,485
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-24 Pool A Cash 8,870
TOTAL 8,870
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-16-24 101 Gnma Pool #439515 98.06 99 100.00 101 2
7.000% Due 03-15-27
12-16-24 1,129 Gnma Pool #550718 97.31 1,099 100.00 1,129 30
5.000% Due 11-15-35
12-16-24 396 Gnma Pool #648348 99.66 394 100.00 396 1
5.500% Due 10-15-35
12-26-24 5,092 Freddie Mac Pool #SD8278 101.37 5,162 100.00 5,092 -70
6.000% Due 12-01-52
12-26-24 4,065 Freddie Mac Pool #SD8343 100.06 4,067 100.00 4,065 -3
6.000% Due 07-01-53
12-26-24 5,670 Freddie Mac Pool #SD8432 100.41 5,693 100.00 5,670 -23
6.000% Due 05-01-54
12-26-24 751 Fannie Mae Pool #256393 99.67 749 100.00 751 2
6.000% Due 09-01-36
TOTAL 17,263 17,204 -59
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-24 Pool A Cash 288,307
TOTAL 288,307
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-24 Pool A Cash 383,293
TOTAL 383,293
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-04-24 150 Spdr Ser Tr Cll Opt 75.0000 12202024 0.10 1,465 12-04-24 200 Select Sector Cll Opt 101.0000
12202024
0.09 1,754
12-09-24 40 Ishares Tr Cll Opt 255.0000 12202024 0.21 831 12-09-24 100 Spdr S&p 500 E Cll Opt625.0000
12202024
0.16 1,577
12-09-24 200 Select Sector Cll Opt 255.0000
12202024
0.13 2,554
12-18-24 50 Amazon Com Inc Cll Opt230.0000
12202024
0.66 3,288
TOTAL 11,469
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-04-24 0 Spdr Ser Tr Cll Opt 75.0000 12202024 0.00 1,465 0.00 8,021 6,555 12-04-24 0 Select Sector Cll Opt 101.0000
12202024
0.00 1,754 0.00 10,754 9,000
12-09-24 0 Ishares Tr Cll Opt 255.0000 12202024 0.00 831 0.00 7,139 6,308 12-09-24 0 Spdr S&p 500 E Cll Opt625.0000
12202024
0.00 1,577 0.00 14,949 13,372
12-09-24 0 Select Sector Cll Opt 255.0000
12202024
0.00 2,554 0.00 19,912 17,358
12-18-24 0 Amazon Com Inc Cll Opt230.0000
12202024
0.00 3,288 0.00 8,538 5,250
TOTAL 11,469 69,313 57,844
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-12-24 Pool A Cash 1,000,000
12-31-24 Pool A Cash 252,706
TOTAL 1,252,706
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-24 Pool A Cash 51,411
TOTAL 51,411
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-16-24 Pool A Cash 500,000
TOTAL 500,000
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 12-01-24 To 12-31-24
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 - Taxable
From 12-01-24 To 12-31-24
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 12-01-24 To 12-31-24
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 12-01-24 To 12-31-24
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 12-01-24 To 12-31-24
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 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-02-24 Pool A Cash 1,189,305
12-20-24 Pool A Cash 108,016
TOTAL 1,297,321
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-20-24 Pool A Cash 3,000,000
TOTAL 3,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 12-01-24 To 12-31-24
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 12-01-24 To 12-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!