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SUBJECT:
ATTACHMENTS:
CITY CLERK
File # 320-30
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: AUGUST 18, 2009
City Treasurer's Investment Report for 4th Quarter 2008-2009
Report Prepared by Paul S. Rankin, Administrative Services Dir.
1. Quarterly Investment Report For The Period Ending June 30, 2009
RECOMME DATIO Receive the Report
FINANCIAL STATE See Report
DESCRIPTION: The attached Investment Report details the City's investments as of June 30, 2009, in
accordance with the requirements for reporting investments.
QUARTERLY REPORT FORMAT
The format of the quarterly report consists of the following components:
Section 1 -Portfolio Information
Portfolio Summary (Includes the Par Value; Market Value; and Yield)
Portfolio Details (Includes a listing of individual securities and investments)
Investments By Type (Includes a listing of Federal Securities including call date if
applicable)
Section II -Investment Charts
Section III -Listing of Investment Transactions by Month
4th QUARTER RESULTS
As shown on the Portfolio Summary the total investments as of June 30, 2009 were approximately $103.9
million. The "Yield to Maturity" was calculated at 3.352% and the weighted average maturity of the
portfolio was 576 days (1.57 years). The report also displays the weighted average maturity based on the
"Call Date". If all securities were assumed to be called the portfolio average maturity drops to slightly less
than one year at 314 days.
The Market Value as of June 30, 2009 was approximately $ 2.3 million more than the Par Value. (Par Value
_ $103,917,733 and Market Value = $106,209,393) The Par Value is the "face value" or principal amount at
maturity of the note or bond. The typical investment approach used by the City is to hold investments until
maturity. The City does not actively sell securities prior to their maturity. In the current market, the
premature liquidation of a security would result in less interest income upon reinvestment, diluting any gain
achieved from selling the investment prior to its stated maturity.
COPY TO:
Page 1 of 3 ~{_
ITEM NO. "~•"
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The following Table displays the comparative results based on information in the Portfolio Summary for the
most recent five quarters. This allows for a comparison to the most recent quarter as well as the same three
month period one year ago.
COMPARISON OF PORTFOLIO MEASURES
Most Recent Five Quarters
2007/08 2008/09 2008!09 2008/09 2048/09
Portfolio Quarter 4 Quarter 1 Quarter.2 Quarter 3 Quarter4
Measure (March - (Jul -Sept (Oct -Dec (Jan -Mar _ (Apr -Jun
June 2008 2008 2008 2049 2004
Par Value $124,192,095 $115,358,346 $120,350,694 $103,789,959 $103,917,733
Average 691 Days 948 days 940 days 968 days 576 days
Term 1.89 s 2.6 s 2.58 s 2.65 s 1.57 rs
Yield To 3.579% 3.740% 3.661% 3.483 % 3.352
Maturi /Call
As noted in the Table the total portfolio is approximately $20.3 million less than one year ago. The total
portfolio will fluctuate between fiscal years based upon planned expenditures, fluctuations in revenue
collected, and differences in timing of both revenue and expenditures. One factor which has contributed to
the decrease experienced in the current year is that City has been expending capital reserves for significant
projects including the following: Shannon Center Reconstruction; City Maintenance Facility Acquisition;
and the Interstate 580/ Fallon Road Interchange. The average maturity of the investments held has decreased
over the past year from 1.89 years to 1.57 years.
INVESTMENT ACTIVITY DURING THE FOURTH QUARTER
This report discloses changes in individual securities due to Maturities, Called Securities, and New
Investments. None of the investments held by the City were scheduled to mature during the quarter. No new
investments were purchased during the quarter. One security in the amount of $2,000,000 was called by the
issuer before its stated maturity. The details related to the called investment are shown below:
INVESTMENTS CALLED DURING THE FOURTH QUARTER
Original
Date Maturity Coupon
Tv c* Ac uired Par Value Date Rate Call Date
FNMA 6/2/2007 $2,000,000 5/14/2010 5.080% Ma 14, 2009
TOTAL $2,000,000
* FHLB =Federal Home Loan Bank; FFCB =Federal Farmers Credit Bank; FNMA =Federal National Mortgage
Association or "Fannie Mae"; FHLMC =Federal Home Loan Mortgage Corporation "Freddie Mac"
Given the current interest rate environment issuers are likely to call investments that are paying a rate
substantially higher than what would be paid for a new issue. Interest rates available for investments
continue to decline, which reduces the amount of revenue generated from interest.
COMPOSITION OF PORTFOLIO
Section II of the Report contains charts which assist with reviewing the portfolio. The Charts focus on key
factors to monitor including the investment maturities as well as the composition of the portfolio. The
following are key highlights of the portfolio:
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• At June 30, 2009, 30% of the portfolio was immediately available in the Local Agency Investment
Fund (LAIF) and Money Market instruments; this is a 2% increase from the percentage reported as of
March 31, 2009.
• Federal Agency Securities represented 69% of the Portfolio, which is a 3% decrease from the
percentage reported as of March 31, 2009.
• There was diversity in the issuers of the federal securities held in the portfolio. A total of four
different issuers were represented. (FNMA-20%; FHLB - 51%; FFCB-17% and FHLMC-12%).
• 47% of the funds are invested for one year or less compared to 39% reported as of March 31, 2009.
• 18% of the funds are invested in securities with maturities of 3 years or more as of June 30, 2009,
compared to 24% reported for March 31, 2009.
MONTHLY TRANSACTIONS
Section III of the Report provides a list of transactions related to investments in the City portfolio for each
month of the fourth quarter (April, May, and June 2009). This schedule provides compliance with the
Government Code requirement to disclose monthly transaction data. It is incorporated as part of the
quarterly investment report rather than individual monthly reports.
RECENT TRENDS COMPARED TO BUDGET
There have been significant downward trends in interest rates. This can be observed by examining the LAIF
rate as shown below:
Local Agency Investment Fund (LAIF) Quarterly Rate
Quarter Ending Rate
June 30, 2008 3.11%
June 30, 2009 1.51
The current trend in the market is to continue with lower interest rates. In terms of new issues of Federal
Agency Securities there have been fewer new issues and most are at rates below those of securities currently
held in the City portfolio. The economic environment and lower interest rates in general is expected to
impact interest income earned by the City and the adopted budget assumed a lower interest rate for LAIF in
2009/2010 of 0.75%. Since June 30, 2009 the daily rate for the Local Agency Investment Fund has already
dropped to 0.99%.
RECOMMENDATION
It is recommended that the City Council receive the report.
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CITY OF DUBLIN
QUARTERLY INVESTMENT REPORT
Fourth Quarter Fiscal Year 2008-2009
June 30, 2009
Presented To City Council August 18, 2009
Section 1-Portfolio Information
• Portfolio Summary (Includes the Par Value; Market
Value; and Yield)
• Portfolio Details (Includes a listing of individual
securities and investments)
• Investments By Type (Listing of Federal Securities
including call date if applicable)
Section II -Investment Charts
Section III -Listing of Monthly Investment Transactions
ATTACHMENT 1
19~(1~~1=_ X7,82
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Investments
CITY OF DUBLIN
Portfolio Management
Portfolio Summary
JUNE 30, 2009
Par Market
Value Value
Book % of Term / Days to YTM/C
Value Portfolio Days Mat./Call 365 Equiv.
Money Market 679.65 679.65 679.65 0.00 1 1 0.230
LAIF 31,206,403.46 31,206,403.46 31,206,403.46 30.03 1 1 1.510
Calif Asset Mgt Pgm (CAMP) 55,649.60 55,649.60 55,649.60 0.05 1 1 0.560
Federal Agency Coupon 72,655,000.00 74,946,660.15 72,769,669.86 69.92 824 449 4.146
Total /Average $103,917,732.71 $106,209,392.86 $104,032,402.57 100.00% 576 314 3.352%
Cash and Accrued Interest
Accrued Interest ~'~ 686,121.40 686,121.40
Total Cash and
Investments Value
$103,917,732.71 $106,895,514.26 $104,718,523.97 576 314 3.352%
The schedule of investments, including the dates of maturity, provide adequate cash flow liquidity to meet anticipated expenditures over the next six months. The
investments and schedule of investments are in compliance with the City of Dublin Investment Policy, and all applicable laws and regulations.
PAUL S. RANKIN, ADMINISTRATIVE SERVICES DIRECTOR DATE
(1) Accrued Interest represents the portion of interest earned as of the end of the quarter, that will be paid in a future month. Federal Securities typically pay interest twice a year
(6 month intervals).
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City of Dublin
Portfolio Management
Portfolio Details -Investments
June 30, 2009
CUSIP
Investment #
Issuer Purchase
Date
Par Value
Market Value
Book Value Coupon
Rate Days To
Maturity Days To
Call/Mat YTM @
Cost Maturity
Date
Local Government Investment Pool
WAIF LAIF 31,206,403.46 31.206.403.46 31,206,403.46 1.51 1 1 1.51 NIA
CAMP California Asset Management Program 55,649.60 55.649.60 55,649.60 0.56 1 1 0.56 N/A
Sub Total !Average 31,262,053.06 31,262,063.06 31,262,053.08 1.508 1 1 1.b0831
Money Market
JNION Fidelity US Government Portfolio 679.65 679.65 679.65 0.23 1 1 0.23 N/A
Sub Total !Average 679.65 679.65 679.66 0.23 1 1 0.23
US Agency
3133XSDP0 10083 Federal Home Loan Bank 9/29/2008 3,000,000.00 3,022,500.00 3,000,715.26 3.375 91 91 3.25006 9/29/2009
3133X9BF6 10066 Federal Home Loan Bank 4/3/2008 3,000,000.00 3,031,890.00 3,010,019.10 3.5 126 126 2.50032 11/3/2009
31331XEE8 10032 Federal Farm Credit Bank 1/10/2007 2,000,000.00 2,035,000.00 1,999,491.80 4.85 143 143 4.89023 11/20/2009
3128X2PQ2 10033 Federal Home Loan Mtg Corp 3/6/2007 3,000,000.00 3,077,790.00 3,003,667.02 5 213 213 4.48253 1/29/2010
3136F6W54 10048 Federal National Mtg Assn 8/31/2007 1,500,000.00 1,547,820.00 1,501,227.60 4.81 279 279 4.69032 4/5/2010
31359MA94 10054 Federal National Mtg Assn 9/13/2007 2,000,000.00 2,066,260.00 2,003,315.00 4.75 294 294 4.53007 4/20/2010
31398AQN5 10080 Federal National Mtg Assn 9/12/2008 3,000,000.00 3,060,930.00 3,000,000.00 3.05 302 302 3.04864 4/28/2010
3133XGLE2 10036 Federal Home Loan Bank 1/26/2007 3,000,000.00 3,167,820.00 3,001,308.00 5.125 437 437 5.08024 9/10/2010
3133XQUH3 10069 Federal Home Loan Bank 4/28/2008 1,500,000.00 1,546,410.00 1,500,000.00 3.125 485 485 3.12502 10/28/2010
31331XNE8 10037 Federal Farm Credit Bank 2/14/2007 2,000,000.00 2,126,880.00 2,000,207.50 5.05 581 581 5.04013 2/1/2011
3133XRYJ3 10079 Federal Home Loan Bank 8/29/2008 3,000,000.00 3,015,000.00 3,000,000.00 3.72 605 56 3.71986 2/25/2011
31331XRQ7 10055 Federal Farm Credit Bank 11/15/2007 1,655,000.00 1,759,480.15 1,671,212.96 4.85 617 617 4.24005 3/9/2011
31331XWU2 10049 Federal Farm Credit Bank 8/31/2007 1,000,000.00 1,065,000.00 1,000,792.36 4.8 664 664 4.75026 4/25/2011
31331GCQ0 10081 Federal Farm Credit Bank 9/29/2008 3,000,000.00 3,022,500.00 3,000,000.00 4.05 821 91 4.05004 9/29/2011
3133XHKF8 10039 Federal Home Loan Bank 11/9/2006 3,000,000.00 3,048,750.00 3,000,000.00 5.25 862 132 5.25002 11/9/2011
3136F8U37 10059 Federal National Mtg Assn 2/8/2008 3,000,000.00 3,051,570.00 3,000,000.00 3.57 953 223 3.57004 2/8/2012
31331Y5J5 10078 Federal Farm Credit Bank 8/21/2008 3,000,000.00 3,014,070.00 3,000,000.00 4.02 966 52 4.01961 2/21/2012
3136F82S3 10060 Federal National Mtg Assn 2/22/2008 3,000,000.00 3,048,750.00 3,000,000.00 3.3 967 237 3.30005 2/22/2012
3133XQ4C3 10065 Federal Home Loan Bank 4/3/2008 3,000,000.00 3,137,820.00 3,015,208.20 3.5 983 983 3.3003 3/9/2012
3133XKNN1 10041 Federal Home Loan Bank 5/3/2007 3,000,000.00 3,105,930.00 3,000,000.00 5.02 1038 307 5.02005 5/3/2012
3133XLEN9 10042 Federal Home Loan Bank 6/15!2007 3,000,000.00 3,135,000.00 3,000,000.00 5.56 1081 350 5.56002 6/15/2012
31398AGR7 10052 Federal National Mtg Assn 9/10/2007 2,000,000.00 2,016,880.00 2,000,000.00 5.2 1168 72 5.19998 9/10/2012
3133XNST7 10058 Federal Home Loan Bank 12/27/2008 2,000,000.00 2,093,120.00 2,000,000.00 4.42 1276 545 4.42003 12/27/2012
3133XQYC0 10070 Federal Home Loan Bank 5/13/2008 3,000,000.00 3,039,390.00 3,000,000.00 4 1413 136 4.00002 5/13/2013
3128X1EJ2 10084 Federal Home Loan Mtg Corp 10/14/2008 3,000,000.00 3,189,360.00 3,026,472.09 4.25 1422 1422 4.00207 5/22/2013
3128X7WV2 10074 Federal Home Loan Mtg Corp 6/10/2008 3,000,000.00 3,131,670.00 2,993,150.94 4.05 1441 710 4.11273 6/10/2013
3133XRFL9 10077 Federal Home Loan Bank 7/25/2008 3,000,000.00 3,188,430.00 2,999,920.98 4.25 1445 1445 4.25023 6/14/2013
3133XD6A4 10082 Federal Home Loan Bank 9/26/2008 3,000,000.00 3,200,640.00 3,042,961.05 4.375 1536 1536 4.00007 9/13/2013
iub Total 1 Average 72,655,000.00 74,948,660.15 72,769,669.86 4.289 824 449 4.14585
dotal /Average 103,917,732.71 106,209,392.86 104,032,402.57 3.438 576 314 3.35222
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City of Dublin Investments By Type (June 30, 2009)
CUSIP
Investment #
Issuer
Par Value
Cost Price
Book Value Coupon
Rate Maturity
Date Next Call
Date Next Call
Price
US Agency
31331XEE8 10032 FFCB 2,000,000.00 99.888 1,999,491.80 4.850 11/20/2009
31331XNE8 10037 FFCB 2,000,000.00 100.033 2,000,207.50 5.050 2/1/2011
31331XWU2 10049 FFCB 1,000,000.00 100.159 1,000,792.36 4.800 4/25/2011
31331XRQ7 10055 FFCB 1,655,000.00 101.863 1,671,212.96 4.850 3/9/2011
31331YSJ5 10078 FFCB 3,000,000.00 100 3,000,000.00 4.020 2/21/2012 8/21/2009 100.00
31331GCQ0 10081 FFCB 3,000,000.00 100 3,000,000.00 4.050 9/29/2011 9/29/2009 100.00
3133XGLE2 10036 FHLB 3,000,000.00 100.138 3,001,308.00 5.125 9/10/2010
3133XHKF8 10039 FHLB 3,000,000.00 100 3,000,000.00 5.250 11/9/2011 11/9/2009 100.00
3133XKNN1 10041 FHLB 3,000,000.00 100 3,000,000.00 5.020 5/3/2012 5/3/2010 100.00
3133XLEN9 10042 FHLB 3,000,000.00 100 3,000,000.00 5.560 6/15/2012 6/15/2010 100.00
3133XNST7 10058 FHLB 2,000,000.00 100 2,000,000.00 4.420 12/27/2012 12/27/2010 100.00
3133XQ4C3 10065 FHLB 3,000,000.00 100.728 3,015,208.20 3.500 3/9/2012
3133X9BF6 10066 FHLB 3,000,000.00 101.541 3,010,019.10 3.500 11/3/2009
3133XQUH3 10069 FHLB 1,500,000.00 100 1,500,000.00 3.125 10/28/2010
3133XQYC0 10070 FHLB 3,000,000.00 100 3,000,000.00 4.000 5/13/2013 11/13/2009 100.00
3133XRFL9 10077 FHLB 3,000,000.00 99.993 2,999,920.98 4.250 6/14/2013
3133XRYJ3 10079 FHLB 3,000,000.00 100 3,000,000.00 3.720 2/25/2011 8/25/2009 100.00
3133XD6A4 10082 FHLB 3,000,000.00 101.671 3,042,961.05 4.375 9/13/2013
3133XSDP0 10083 FHLB 3,000,000.00 100.122 3,000,715.26 3.375 9/29/2009
3128X2PQ2 10033 FHLMC 3,000,000.00 100.61 3,003,667.02 5.000 1/29/2010
3128X7WV2 10074 FHLMC 3,000,000.00 99.71875 2,993,150.94 4.050 6/10/2013 6/10/2011 100.00
3128X1EJ2 10084 FHLMC 3,000,000.00 101.03 3,026,472.09 4.250 5/22/2013
3136F6W54 10048 FNMA 1,500,000.00 100.285 1,501,227.60 4.810 4/5/2010
31398AGR7 10052 FNMA 2,000,000.00 100 2,000,000.00 5.200 9/10/2012 9/10/2009 100.00
31359MA94 10054 FNMA 2,000,000.00 100.53 2,003,315.00 4.750 4/20/2010
3136F8U37 10059 FNMA 3,000,000.00 100 3,000,000.00 3.570 2/8/2012 2/8/2010 100.00
3136F82S3 10060 FNMA 3,000,000.00 100 3,000,000.00 3.300 2/22/2012 2/22/2010 100.00
31398AQN5 10080 FNMA 3,000,000.00 100 3,000,000.00 3.050 4/28/2010
Total 72,655,000.00 100.29216 72,769,669.86 4.269
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ISSUERS: FFCB =Federal Farm Credit Bank; FHLB =Federal Home Loan Bank; (
FHLMC =Federal Home Loan Mortgage Corporation ("Freddie Mac"); FNMA =Federal National Mortgage Association ("Fannie Mae") ~.--
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QUARTERLY INVESTMENT REPORT
Fourth Quarter Fiscal Year 2008-2009
June 30, 2009
Section II -Investment Charts
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INVESTMENT CHARTS FOR THE QUARTER ENDING JUNE 30, 2009
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INVESTMENT CHARTS FOR THE QUARTER ENDING JUNE 30, 2009
June 30, 2009 -Portfolio Maturities
000
000
3
,
$
5,
$31,262,733
$30,000,000 ~'a
4
$25
000
000
,
,
$20
000
000
,
,
$24,000,000
$15
000
000
,
,
$17,500,000 $16,000,000
$12,155,000
$10,000,000
$5,000,000 $3,000,000
3
~;~
~ ».
ti
1 r ; ~ ~'
$0
No Maturity Date (1 Yr or Less) (1 Yr - 2 Yr) (2 Yr - 3 Yr) (3 Yr - 4 Yr) (4 Yr - 5 Yr)
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QUARTERLY INVESTMENT REPORT
Fourth Quarter Fiscal Year 2008-2009
June 30, 2009
Section III -
Listing of Monthly Investment Transactions
City of Dublin
Cash /Checking Activity Report
April 1, 2009 -April 30, 2009
Issuer Transaction Date Comment Deposits Withdrawals Interest
Received Balance
California Asset Management Program (CAMP) 55,519.21
California Asset Mana ement Pro ram 4%1;2009 Interest on account 42.13 55,561.34
Subtotal and Ending Balance 0.00 0.00 42.13 55,561.34
Fidelity US Government Portfolio M M 4,631,365.97
Fidelit US Government Portfolio MM 4/1/2009 Interest on account 1,042.44 4,632,408.41
Fidelit US Government Portfolio MM 4/6/2009 Interest on inv# 10048 36,075.00 4,668,483.41
Fidelit US Government Portfolio MM 4/13/2009 Pa ment of fees 875.00 4,669,358.41
Fidelit US Government Portfolio MM 4/13/2009 Collection of fees (875.00) 4,668,483.41
Fidelit US Government Portfolio MM 4/20/2009 Interest on inv# 10054 47,500.00 4,715,983.41
Fidelit US Government Portfolio MM 4/27/2009 Interest on inv# 10049 24,000.00 4,739,983.41
Fidelit US Government Portfolio MM 4/28/2009 Interest on inv# 10069 23,437.50 4,763,420.91
Fidelit US Government Portfolio MM 4/28/2009 Interest on inv#10080 45,750.00 4,809,170.91
Subtotal and Ending Balance 177,637.50 (875.00) 1,042.44 4,809,170.91
LAIF 24,448,073.47
LAIF 4/3/2009 De osit 1,500,000.00 25,948,073.47
LAIF 4/9/2009 Withdraw (1,000,000.00 24,948,073.47
LAIF 4/15/2009 De osit 10,300,000.00 35,248,073.47
LAIF 4/15/2009 Interest Jan-Mar 2009 149,932.99 35,398,006.46
Subtotal and Ending Balance 11,800,000.00 (1,000,000.00) 149,932.99 35,398,OQ6.46
TOTAL 11,977,637.50 (1,000,875.00) 151,017.56 40,262,738.71
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City of Dublin
Cash /Checking Activity Report
May 1, 2009 -May 31, 2009
Issuer Transaction Date Comment Deposits Withdrawals Interest Balance
Received
California Asset Management Program (CAMP) I I I I I 55,561.34
California Asset Mana ement Pro ram 5/1/2009 Interest on account 34.38 55,595.72
Subtotal and Ending Balance 0.00 0.00 34.38 55,595.72
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Fidelity US Government Portfolio M
M;
4,809,170.91
Fidelit US Government Portfolio MM 5/1/2009 Interest on account 1,729.05 4,810,899.96
Fidelit US Government Portfolio MM 5/1/2009 Transfer to Bank of America (4,800,000.00) 10,899.96
Fidelit US Government Portfolio MM 5/4/2009 Interest on inv#10066 52,500.00 63,399.96
Fidelit US Government Portfolio MM 5/4/2009 Interest on inv# 10041 75,300.00 138,699.96
Fidelit US Government Portfolio MM 5/11/2009 Interest on inv# 10039 78,750.00 217,449.96
Fidelit US Government Portfolio MM 5/13/2009 Interest on inv# 10070 60,000.00 277,449.96
Fidelit US Government Portfolio MM 5/14/2009 Interest on inv#10034 50,800.00 328,249.96
Fidelit US Government Portfolio MM 5/14/2009 Full call inv# 10034 2,000,000.00 2,328,249.96
Fidelit US Government Portfolio MM 5/20/2009 Interest on inv# 10032 48,500.00 2,376,749.96
Fidelit US Government Portfolio MM 5/22/2009 Interest on inv# 10084 63,750.00 2,440,499.96
Subtotal and Ending Balance 2,431,329.05' (4,800,0OO.OQ~ 0.00 2,440,499,9fi
LAIF 35,398,006.46
LAIF 5/1/2009 Deposit 4,800,000.00 40,198,006.46
LAIF 5/1/2009 Withdraw (327,000.00) 39,871,006.46
LAIF 5/7/2009 Withdraw (1,300,000.00 38,571,006.46
LAIF 5/14/2009 Withdraw (3,400,000.00 35,171,006.46
Subtotal and Ending Balance 4,800,000.00 (5,027,000.00) 0.00 35,171,006.46
TOTAL 7,231,329.05 (9,827,000.00) 34.38 37,667,102.14
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City of Dublin
Cash /Checking Activity Report
June 1, 2009 -June 30, 2009
Issuer (Transaction Date I Comment I Deposits I Withdrawals I Interest I Balance)
Received
California Asset Mana ement Program (CAMP) 55,595.72
California Asset Mana ement Pro ram 6/1/2009 Interest on account 28.34 55,624.06
California Asset Mana ement Pro ram 6/30/2009 Interest on account 25.54 55,649.60
Subtotal and Ending Balance 0.00 0.00 53.88 55,648.50
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Fidelity US Government Portfolio M
M
2,440,499.96
Fidelit US Government Portfolio MM 6/1/2009 Interest on account 434.88 2,440,934.84
Fidelit US Government Portfolio MM 6/10/2009 interest on inv# 10074 60,750.00 2,501,684.84
Fidelit US Government Portfolio MM 6/15/2009 Interest on inv#10077 63,750.00 2,565,434.84
Fidelit US Government Portfolio MM 6/15/2009 Interest on inv#10042 83,400.00 2,648,834.84
Fideli US Government Portfolio MM 6/29/2009 Interest on inv#10058 44,200.00 2,693,034.84
Fidelit US Government Portfolio MM 6/30/2009 Interest on account 644.81 2,693,679.65
Fidelit US Government Portfolio MM 6/30/2009 Transfer to Bank of America (2,693,000.00) 679.65
Subtotal and Ending Balance 252,534.88 (2,693,000.00) 644.81 679.65
LAIF 35,171,006.46
LAIF 6/4/2009 Withdraw (2,300,000.00) 32,871,006.46
LAIF 6/10/2009 Withdraw (250,000.00) 32,621,006.46
LAIF 6/12/2009 Withdraw (290,000.00) 32,331,006.46
LAIF 6/24/2009 Withdraw (400,000.00) 31,931,006.46
LAIF 6/25/2009 Withdraw (850,000.00) 31,081,006.46
LAIF 6/30/2009 De osit 125,397.00 31,206,403.46
Subtotal and Ending Balance 0.00 (4,090,000.00) 125,397.00 31,206,403.46
TOTAL
252,534.88 (6,783,000.00) 126,095.69 31,262,732.71