HomeMy WebLinkAboutMinutes - Finance & Human Resources Committee - 07/11/2003•
East Va�rey Water District
PERSONNEL/FINANCE COMMITTEE MEETING
Date: July 11, 2003
Time: 10:00 a.m.
Place: 1 Del Rosa Avenue
AGENDA
---------------------------------------------------------
CALL TO ORDER
PLEDGE OF ALLEGIANCE
Approval of Agenda
Public Comments
Investment Program with Citizens Business Bank for District's Reserrve Fund.
ADJOURN
(Post::07 109/03)
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Phil Angelides, State Treasurer
Inside the State Treasurer's Office
PMIA Average Monthly Effective Yields
Jan Fab Mar Apr May Jun Jul Aug Sept Oct Nov Dec
1977
1978
:`1.77 0
6.920
9
5.660 b.664
7.01-90 1.140
5. 5. -0 5). 1 6 5.
1.27-0. 7.386 1.569
G..".59
609
6.390
8.110
6.610. C 7T
7 652 1821
1871
8 289
15.
1979
8.777
1 i. 9 0, 8.820
9082, )-16 9.224
9.202 9 521.
9.259
9.8141
10'.
!J.218'
1980
1981
1:) 08.0'
M 987
1 .250% 11.490 11.480
1 .68.01 11 11Y) 1'.415
11 795
' C-. 2 0, 9.87:3
9.945
12.05().
10.05
10.42C.
1(6.0'61
1 i.484
12 17C)
11.442.
- 2 34 1254.1
12 397,
11.637.
1982
1983
1 bb3
10.2s)l
1 2 04T,
9.837
i 1.8 11 113
9.688 9.868
12.2 !�'�
9527
I I IVI; 1
9.6GO!
12.23:0 i
I '. �511
110.2021
-.1 1111
-.0.7G4
i).C.-i
9.8191 1 '0. 0 71;
1.
'
10 164
111 221'
1984
1985
10312
10.579
10.290
10.289
'0.382: 10.594
10.118 10.1)
1 8.1
1 -0180.
'1119 1 1 bb!
9.743 9.669 l 9.417
11.;,9/
11. -58 1.1
1. 474
9.488
1 1. -U-24-
9 37'
9. 57 2 1 9A821
1986
1987
!1.252
.36b
1) C•90
7
8.1158
7 0b
2
81321 8.221.) 8 '41 7.84.3
1 044' 7.294 1.289: T.: 6,41 7.562i
1512
15861
7.432
7.439!
1 112
7. 825,
B.'2'
8:) 71;
1988
1989
- ix.18
3.-
1
8770,
7!945
8.870
7.940 1816 7.9291
, 8942 9.227 9.204I
- 8 089' 8.245
901:13 , 8.533
8.341
8.391
8.111
5461 8.1:9 1,
8 6851 8 645
8.
1990
1991
8.511
8.164
4164
8.533
8.0112!
8.506
/.7%)
8.491 8.531 8.538
7. 7.31-1 1 '.69
8511 8.382
8.333
8.321
8 269! 8.
8. 6.;1
7 O:-4 1 012
6 859
9.71
1992
1993
1.
6 1'
22
Z-�-
5.6
5.692 b -4 19. 5.323
5 2 25 4 958
4 4 39 4412
4.760
4.730
4.659
4 (34, 1
't (3781
- !).8631
.
4 649
4. 924' 4.6-0-9 4.421 5. 54
4.43C.-
4.3K
4.26=
5
1494
1995
3 9
-:) - T612 --- '.
1 1C,
!4!..248
5.934 934
4.4341
5.960 6.0`0-81
4 623 4.8231 4.989
1 10 5 972' 5 9 W 7
5.109
b 2.13
b . J 0'.
5.80'
h28 �1 �F.-
5.148
5.832
5.784
1996
6.698
5.643
5.bb,'
5%.538 5.532
5 EAS! 5.581 5 566
b 60'.
b 601
5 1599
1 :).57
19i7 ,
1998
5.583
5.-)1S
5 580
5.6 5.634
5.6671
5.6 /9` 5 697
5.707
5.705
5.715 5. 144
6.742
5.720
-5.980
5;1 5.613
:--.871
1 5 6.•2 5652
5.6319
5.557
5 4921
5.:174
1999
20
5.26:5
507601
210
1,. 824
5.138
5.1 19 5. 0 B C.
5.495
5 118 5 225
5.2741
5.391
6 511
5 484
939
5.851
9.01 • 9.1 90
(3.3-9
6443 6.505
0.502l
6.5381
6). 5 3 -5
2007 ii.
200i
6 312
3.068
6. 169
5 9761
-
160 5.328
4 958
2 F87
'5:
4.63 4.5:02
2.714 2.594
4.288
----------
2.604
3785
2481
3.526
3.261
2.967
2 8611
2.34- 2.740
2 3341
2 20'.
,2003
.).1113
1.945
1944 1.858 1 164
1.697
- - -
-------------
V
6M
LJ
Estimated Earnings on $1,000,000 as of July 3, 2003
Time Period
Per Period
Treasuries
Gov't Agencies
CD's
AAM F .(o
WON
$100,000
%
0.73%
0.90%
$
$730.00
$900.00
$0.00
60 Days
$500,000
%
0.00%
0.00%
0.78%
$
$0.00
$0.00
$3,900.00
90 Da
$500,000
%
0.00%
0.00%
0.81%
$
$0.00
$0.00
$4,050.00
6 Mon
$600,000
%
0.65%
0.92%
0.94%
$
$5,100.00
$5,520.00
$5,640.00
9 Mon
$600,000
%
0.00%
0.00%
1.06%
$
$0.00
$0.00
$6,360.00
1 Yea
$600,000
%
0.88%
0.94%
1.30%
$
$5,280.00
$5,640.00
$7,800.00
18 Months
$600,000
%
1.01%
1.12%
1.36%
$
$6,060.00
$6,720.00
$8,160.00
2 Years
$600,000
%
1.14%
1.29%
1.67%
$
$6,840.00
$7,740.00
$10,020.00
2112 Years
$750,000
%
1.35%
1.54%
0.00%
$
$10,125.00
$11,550.00
$0.00
3 Yea
$750,000
%
1.55%
1.78%
0.00%
$
$11,625.00
$13,350.00
$0.00
Total
$4,000,000
1.07%
1.21%
1.13%
$
1 45,760.00
1 51,420.00
1 45,930.00
East WILY Water District
Board Memorandum
Subject: Investment policy.
Recommendation:
Approve Resolution No. 2002.21 adopting the attached
investment: policy for the 2002 -03 fiscal year.
Date: May 28, 2002
Background:
In May 1996, the East Valley Water District board of directors adopted Resolution 1996.71 establishing
an investment policy for the District in accordance with California Government Code section 53600.
Government Code section 53646(a) requires that the Treasurer of a local agency annually render to the
legislative body a Statement of Investment Policy for consideration at a public meeting.
Attached and submitted for your consideration is East Valley Water Districts' investment policy as
previously adopted.
It should be noted that the District's policy is more restrictive than the Government Code in that certain
types of investments allowed by the Code are not incorporated into the attached policy. Those
investment types are:
• Bankers acceptances - maximum 180 day maturity
• Commercial paper - restricted to highest Moody's rating; issued by US Corporations with in- excess-
of $500 million in assets - maximum 270 day maturity
• Repurchase and Reverse Repurchase agreements
• Mortgage securities
• Medium term corporate notes - maximum of 5 years maturity
No changes have been made to the policy, as there have been no changes in law, statute or regulation
to require a change:.
Fiscal Impact:
None.