M E M O R A N D U M - Golden State Risk Management...
Transcript of M E M O R A N D U M - Golden State Risk Management...
1
C a l i f o r n i a A s s o c i a t i o n o f J o i n t P o w e r s A u t h o r i t i e s A c c r e d i t e d w i t h E x c e l l e n c e s i n c e 1 9 9 2
P.O. Box 706 W i l lows , CA 95988 Phone (530) 934-5633 Fax (530-934-8133 www.gs rm a.org
M E M O R A N D U M
DATE: July 22, 2016
TO: Golden State Risk Management Authority Member Agencies
FROM: Scott Schimke, ARM
RE: Quarterly Pooled Investment Fund Report as prescribed by
California Government Code Section 53646 for the Quarter ending
June 30, 2016
COPY: Golden State RMA Board of Directors
Included in this report are the Portfolio Summary and the Portfolio
Details reports prepared by our investment advisor at CSAC Excess
Insurance Authority as well as Portfolio Cash statements.
The report titled “Portfolio Details” show the issuer, date of maturity,
par value, cost or dollar amount invested, market value and yields for
each security. The market values were obtained from the IDC’s pricing
system. We believe that market values have been obtained from
reliable sources, but we cannot guarantee these values.
A comprehensive Investment report is presented at each meeting of
the Board of Directors. The Board reports include an evaluation of the
portfolio’s performance, a comparison of the performance compared to
selected benchmarks, an update of current market changes and
trends, and the current investment strategy.
Based on the Portfolio Summary Report, there were no items out of
compliance with the GSRMA Investment Policy. During the past quarter
we continued to provide adequate liquidity to meet the cash flow needs
of the Pool. We believe that the balances in our LAIF and insured liquid
investment accounts together with cash flows generated from the
other reported investments are sufficient to meet the Authority’s
expense requirements for the next six months.
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C a l i f o r n i a A s s o c i a t i o n o f J o i n t P o w e r s A u t h o r i t i e s A c c r e d i t e d w i t h E x c e l l e n c e s i n c e 1 9 9 2
P.O. Box 706 W i l lows , CA 95988 Phone (530) 934-5633 Fax (530-934-8133 www.gs rm a.org
3
C a l i f o r n i a A s s o c i a t i o n o f J o i n t P o w e r s A u t h o r i t i e s A c c r e d i t e d w i t h E x c e l l e n c e s i n c e 1 9 9 2
P.O. Box 706 W i l lows , CA 95988 Phone (530) 934-5633 Fax (530-934-8133 www.gs rm a.org
GOLDEN STATE RISK MANAGEMENT AUTHORITY
Treasury Report
June 30, 2016
Table of Contents
I. Portfolio Summary
The portfolio summary provides summary totals by class of
investment. The Par Value equals the amount paid for each
investment. The market values were obtained from the IDC’s pricing
system, a widely accepted pricing service. The Fiscal Year To Date –
Current Year equals the fiscal year to date income for the portfolio.
II. Portfolio Details
The portfolio details report shows the current securities in the portfolio.
The Par Value is the value at maturity. The Market Value is the
estimated value of the securities if they were to be liquidated as of the
date of the report. The market value for each class of investment
includes accrued interest or the income earned for each security since
the last coupon date. Within the description column for each security is
the stated yield rate, yield to maturity and the maturity date.
III. Portfolio Cash
These include summary reports from the State Treasurer, Local
Agency Investment Fund (LAIF) and any financial institutions holding
FDIC insured funds.
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4 %
234,1
84.3
2234,3
25.6
6101.1
90.8
8 %
237,7
90.6
3726.2
22.0
0 %
3,4
64.9
7A
aa /
AA
+A
AA
3.2
63.1
8
313378J77
FH
LB
Note
1.8
75%
Due 3
/13/2
020
235,0
00.0
011/0
9/2
015
1.6
9 %
236,8
35.3
5236,5
66.3
7103.1
21.0
1 %
242,3
33.4
11,3
21.8
82.0
5 %
5,7
67.0
4A
aa /
AA
+N
R3.7
03.5
6
3133834H
1F
HLB
Note
1.3
75%
Due 6
/12/2
020
225,0
00.0
006/2
3/2
016
1.2
0 %
226,5
41.2
5226,5
33.8
0101.2
01.0
7 %
227,6
89.6
5163.2
81.9
1 %
1,1
55.8
5A
aa /
AA
+A
AA
3.9
53.8
4
To
tal
Ag
en
cy
5,6
20,0
00.0
00.9
8 %
5,6
36,2
15.7
05,6
34,4
16.4
20.7
3 %
5,6
68,5
40.4
615,7
71.4
347.7
5 %
34,1
24.0
4A
aa /
AA
+A
aa
2.0
92.0
4
MO
NE
Y M
AR
KE
T F
UN
D F
I
4812C
0688
JP
Morg
an U
S G
overn
ment
MM
KT
18,9
53.0
0V
arious
0.0
3 %
18,9
53.0
018,9
53.0
01.0
00.0
3 %
18,9
53.0
00.0
00.1
6 %
0.0
0A
aa /
NR
AA
A0.0
00.0
0
To
tal
Mo
ney M
ark
et
Fu
nd
FI
18,9
53.0
00.0
3 %
18,9
53.0
018,9
53.0
00.0
3 %
18,9
53.0
00.0
00.1
6 %
0.0
0A
aa /
NR
Aaa
0.0
00.0
0
US
CO
RP
OR
AT
E
459200G
X3
IBM
Corp
Note
1.9
5%
Due 7
/22/2
016
500,0
00.0
012/2
2/2
014
0.7
0 %
509,7
80.0
0500,3
55.9
4100.0
60.9
8 %
500,2
93.5
04,3
06.2
54.2
4 %
(62.4
4)
Aa
3 /
AA
-A
+0.0
60.0
6
89233P
5E
2T
oyota
Moto
r C
redit C
orp
Note
2%
Due 9
/15/2
016
500,0
00.0
012/2
4/2
012
1.0
1 %
518,0
00.0
0501,0
05.1
4100.2
40.8
3 %
501,2
12.5
02,9
44.4
44.2
3 %
207.3
6A
a3
/ A
A-
A0.2
10.2
1
458140A
H3
Inte
l C
orp
Note
1.9
5%
Due 1
0/1
/2016
500,0
00.0
012/2
6/2
012
0.9
5 %
518,3
65.0
0501,2
28.7
9100.3
10.7
3 %
501,5
32.0
02,4
37.5
04.2
3 %
303.2
1A
1 /
A+
A+
0.2
50.2
5
Execution T
ime:
7/3
/2016 1
2:4
7:3
1 P
MC
handle
r A
sset
Managem
ent
- C
ON
FID
EN
TIA
LP
age 5
Ho
ldin
gs R
ep
ort
As o
f 6/3
0/1
6
Go
lden
Sta
te R
isk M
an
ag
em
en
tA
cco
un
t#10266
CU
SIP
Secu
rity
Descri
pti
on
Par
Valu
e/U
nit
sP
urc
hase D
ate
Bo
ok Y
ield
Co
st
Valu
eB
oo
k V
alu
eM
kt
Pri
ce
Mkt
YT
MM
ark
et
Valu
eA
ccru
ed
In
t.%
of
Po
rt.
Gain
/Lo
ss
Mo
od
y/S
&P
Fit
ch
Matu
rity
Du
rati
on
US
CO
RP
OR
AT
E
36962G
5W
0G
enera
l E
lectr
ic C
apital C
orp
Note
2.3
% D
ue 4
/27/2
017
500,0
00.0
012/2
2/2
014
1.2
8 %
511,6
90.0
0504,0
96.9
6101.0
01.0
8 %
504,9
88.0
02,0
44.4
44.2
6 %
891.0
4A
1 /
AA
+N
R0.8
20.8
1
929903D
T6
Wachovia
Corp
ora
tion N
ote
5.7
5%
Due 6
/15/2
017
500,0
00.0
012/2
2/2
014
1.3
8 %
553,1
00.0
0520,4
54.6
4104.3
01.2
2 %
521,5
10.5
01,2
77.7
84.3
9 %
1,0
55.8
6A
2 /
AA
A-
0.9
60.9
4
58933Y
AG
0M
erc
k &
Co N
ote
1.3
% D
ue 5
/18/2
018
400,0
00.0
012/2
2/2
014
1.4
6 %
397,9
12.0
0398,8
47.6
5100.9
50.7
9 %
403,7
97.2
0621.1
13.4
0 %
4,9
49.5
5A
1 /
AA
A1.8
81.8
6
06406H
CW
7B
ank o
f N
ew
York
Calla
ble
Note
Cont
8/1
1/2
019
2.3
% D
ue 9
/11/2
019
125,0
00.0
003/0
7/2
016
2.1
0 %
125,8
01.2
5125,7
28.7
6102.0
41.6
3 %
127,5
48.8
8878.4
71.0
8 %
1,8
20.1
2A
1 /
AA
A-
3.2
02.9
8
To
tal
US
Co
rpo
rate
3,0
25,0
00.0
01.1
6 %
3,1
34,6
48.2
53,0
51,7
17.8
80.9
7 %
3,0
60,8
82.5
814,5
09.9
925.8
3 %
9,1
64.7
0A
1 /
AA
-A
+0.7
70.7
5
US
TR
EA
SU
RY
912828A
59
US
Tre
asury
Note
0.6
25%
Due 1
2/1
5/2
016
195,0
00.0
005/2
1/2
015
0.4
9 %
195,4
11.9
8195,1
20.9
2100.1
00.4
0 %
195,1
99.6
853.2
81.6
4 %
78.7
6A
aa /
AA
+A
AA
0.4
60.4
6
912828T
S9
US
Tre
asury
Note
0.6
25%
Due 9
/30/2
017
200,0
00.0
006/1
9/2
015
0.7
7 %
199,3
67.8
6199,6
53.1
2100.0
90.5
5 %
200,1
87.6
0314.2
11.6
8 %
534.4
8A
aa /
AA
+A
AA
1.2
51.2
4
912828U
A6
US
Tre
asury
Note
0.6
25%
Due 1
1/3
0/2
017
195,0
00.0
005/2
1/2
015
0.8
3 %
194,0
02.8
0194,4
39.0
1100.0
80.5
7 %
195,1
59.9
0103.2
31.6
4 %
720.8
9A
aa /
AA
+A
AA
1.4
21.4
1
912828U
E8
US
Tre
asury
Note
0.7
5%
Due 1
2/3
1/2
017
195,0
00.0
008/2
8/2
015
0.8
7 %
194,4
44.6
0194,6
43.1
9100.2
60.5
7 %
195,5
10.3
23.9
71.6
4 %
867.1
3A
aa /
AA
+A
AA
1.5
01.4
9
912828H
37
US
Tre
asury
Note
0.8
75%
Due 1
/15/2
018
195,0
00.0
006/2
9/2
015
0.8
8 %
194,9
77.8
0194,9
86.5
6100.4
50.5
8 %
195,8
75.9
4787.5
01.6
5 %
889.3
8A
aa /
AA
+A
AA
1.5
51.5
2
912828K
25
US
Tre
asury
Note
0.7
5%
Due 4
/15/2
018
185,0
00.0
009/2
9/2
015
0.8
4 %
184,5
74.2
5184,7
00.4
2100.2
70.6
0 %
185,4
98.5
8291.9
11.5
6 %
798.1
6A
aa /
AA
+A
AA
1.7
91.7
8
912828X
K1
US
Tre
asury
Note
0.8
75%
Due 7
/15/2
018
200,0
00.0
007/3
1/2
015
0.9
8 %
199,3
67.8
6199,5
64.5
3100.5
40.6
1 %
201,0
78.2
0807.6
91.7
0 %
1,5
13.6
7A
aa /
AA
+A
AA
2.0
42.0
1
912828A
34
US
Tre
asury
Note
1.2
5%
Due 1
1/3
0/2
018
235,0
00.0
011/0
9/2
015
1.2
8 %
234,7
89.6
5234,8
33.7
6101.4
30.6
5 %
238,3
50.6
3248.8
02.0
0 %
3,5
16.8
7A
aa /
AA
+A
AA
2.4
22.3
8
912828S
X9
US
Tre
asury
Note
1.1
25%
Due 5
/31/2
019
195,0
00.0
008/3
1/2
015
1.2
5 %
194,0
78.9
7194,2
83.6
4101.2
30.7
0 %
197,3
91.8
7185.8
11.6
6 %
3,1
08.2
3A
aa /
AA
+A
AA
2.9
22.8
7
912828T
H3
US
Tre
asury
Note
0.8
75%
Due 7
/31/2
019
190,0
00.0
009/2
9/2
015
1.1
9 %
187,7
88.9
2188,2
23.2
4100.4
10.7
4 %
190,7
79.3
8694.2
31.6
1 %
2,5
56.1
4A
aa /
AA
+A
AA
3.0
83.0
3
912828T
R1
US
Tre
asury
Note
1%
Due 9
/30/2
019
240,0
00.0
010/2
3/2
015
1.2
5 %
237,7
41.4
3238,1
33.3
4100.7
50.7
7 %
241,7
90.6
4603.2
82.0
4 %
3,6
57.3
0A
aa /
AA
+A
AA
3.2
53.1
9
912828U
B4
US
Tre
asury
Note
1%
Due 1
1/3
0/2
019
250,0
00.0
002/2
4/2
016
1.0
6 %
249,4
14.9
0249,4
68.9
8100.6
50.8
1 %
251,6
30.7
5211.7
52.1
2 %
2,1
61.7
7A
aa /
AA
+A
AA
3.4
23.3
5
Execution T
ime:
7/3
/2016 1
2:4
7:3
1 P
MC
handle
r A
sset
Managem
ent
- C
ON
FID
EN
TIA
LP
age 6
Ho
ldin
gs R
ep
ort
As o
f 6/3
0/1
6
Go
lden
Sta
te R
isk M
an
ag
em
en
tA
cco
un
t#10266
CU
SIP
Secu
rity
Descri
pti
on
Par
Valu
e/U
nit
sP
urc
hase D
ate
Bo
ok Y
ield
Co
st
Valu
eB
oo
k V
alu
eM
kt
Pri
ce
Mkt
YT
MM
ark
et
Valu
eA
ccru
ed
In
t.%
of
Po
rt.
Gain
/Lo
ss
Mo
od
y/S
&P
Fit
ch
Matu
rity
Du
rati
on
US
TR
EA
SU
RY
912828U
F5
US
Tre
asury
Note
1.1
25%
Due 1
2/3
1/2
019
225,0
00.0
004/2
6/2
016
1.1
9 %
224,4
82.2
0224,5
07.2
6101.0
70.8
1 %
227,4
16.9
56.8
81.9
1 %
2,9
09.6
9A
aa /
AA
+A
AA
3.5
03.4
3
To
tal
US
Tre
asu
ry2,7
00,0
00.0
01.0
0 %
2,6
90,4
43.2
22,6
92,5
57.9
70.6
5 %
2,7
15,8
70.4
44,3
12.5
422.8
5 %
23,3
12.4
7A
aa /
AA
+A
aa
2.2
62.2
2
TO
TA
L P
OR
TF
OL
IO11,7
68,9
53.0
01.0
4 %
11,8
85,2
43.4
011,8
02,6
30.2
20.7
9 %
11,8
70,4
48.9
434,8
02.7
2100.0
0 %
67,8
18.7
2A
a1
/ A
AA
aa
1.8
11.7
2
TO
TA
L M
AR
KE
T V
AL
UE
PL
US
AC
CR
UE
D11,9
05,2
51.6
6
Execution T
ime:
7/3
/2016 1
2:4
7:3
1 P
MC
handle
r A
sset
Managem
ent
- C
ON
FID
EN
TIA
LP
age 7
June 30, 2016 Page: 1 of 2
GOLDEN STATE RISK MANAGEMENT AUTHORITYPO BOX 706WILLOWS CA 95988-0706
Customer Service:1-866-486-7782
Other Deposits/ AdditionsDate Description Additions
Total Other Deposits/ Additions
Interest InformationAnnual percentage yield earnedInterest-bearing daysAverage balance for APYInterest earnedInterest paid year to dateStatement period
Last statement: May 31, 2016This statement: June 30, 2016
SEE HOW UMPQUA ASSOCIATES GIVE BACK AT UMPQUABANK.COM/CONNECT
PUBLIC FUNDS MONEY MARKET
Account number 0990406118Low balance $4,534,794.19Average balance $4,534,794.19Interest paid year to date $8,745.96Interest earned $1,304.52
Beginning balance $4,534,794.19Additions/Deposits $1,304.52Withdrawals/Subtractions $0.00Ending balance $4,536,098.71
06-30 Interest Credit 1,304.52$1,304.52
Daily BalancesDate Balance05-31 4,534,794.19
Date Balance06-30 4,536,098.71
.35%30
$4,534,794.19$1,304.52$8,745.96
06/01 to 06/30
GOLDEN STATE RISK MANAGEMENT AUTHORITY June 30, 2016 Page: 2 of 2
Overdraft Fee Summary
Total ForThis Period
TotalYear-to-Date
Total Overdraft Fees
Total Returned Item Fees
$0.00 $0.00
$0.00 $0.00
Checks
(* Skip in check sequence, R-Check has been returned, + Electronified check))Total Checks paid: 0 for -$0.00