HomeMy WebLinkAboutInvestment Report & Transaction Reporting for 07-31-16 Treasurer – Tax Collector Peggy Moak, Treasurer-Tax Collector
25 County Center Drive, Suite 125 T: 530.538.7701
Oroville, California 95965-3384 F: 530.538.7648
__________________________________________________________________________________________
August 15, 2016
Butte County Board of Supervisors
Butte County Chief Administrative Officer
Investment Pool Oversight Committee
The attached investment report for July 31, 2016 is submitted in accordance with the Butte County
Statement of Investment Policy dated July 1, 2016. All investments are in compliance with this
policy.
The Investment Report demonstrates that sufficient liquidity is available to meet anticipated
expenditures during the next six months.
The Local Agency Investment Fund (LAIF) is used as a benchmark for portfolio performance. A look
at the 5 year moving average for the Butte County Treasury apportioned yields vs. LAIF
apportioned yields demonstrates that, over time, a medium term, laddered portfolio will generally
outperform a shorter term investment strategy, which LAIF usually mirrors. The 5 year moving
average for Butte County’s FY 14/15 and FY 15/16 performance compared to LAIF shows margins
of 1.092% and 0.865%, respectively. Using $350,000,000 as a baseline portfolio (actively invested
balance), this translates to enhanced earnings averaging $3,027,500 per year for the past five
years.
Investments are marked to market monthly based on a current market price determined by U.S.
Bancorp Investments. Copies of statements reflecting investment and cash management
transactions are provided to the Board of Supervisors monthly and are available upon request.
Quarterly Investment Reports are made available on the Treasurer-Tax Collector website at
HUhttp://www.buttecounty.net/ttcUH.
Respectfully,
Peggy Moak
Butte County Treasurer-Tax Collector
cc: Butte County Auditor-Controller Butte-Glenn Community College
Butte County Board of Supervisors Chico Unified and Gridley Unified School Districts
Butte County District Attorney Jessee, Meegan – Butte County Deputy Administrative Officer
Butte County Schools-JPA Liu Annie – Butte County Manager, Gov’t. Accounting
Butte County Sheriff Childs, Heather – Butte County Internal Auditor
Butte County Superintendent of Schools
Butte County Special Districts (Quarterly)
buttecounty.net/ttc
1
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
July 31, 2016
YIELD TO WEIGHTED AVERAGE
ACTIVELY MANAGED PORTFOLIO: MATURITY MATURITY (DAYS)*PAR VALUE FAIR VALUE COST CARRIED
LOCAL AGENCY INVESTMENT FUND (LAIF)0.588%1 72,574,376.33 72,574,376.33 72,574,376.33
CALTRUST SHORT TERM 0.732%1 4,552.09 4,552.09 4,549.38
CAMP SHORT TERM 0.550%1 20,028,836.57 20,028,836.57 20,028,836.57
BANK MONEY MARKET (COLLATERALIZED)0.590%1 1,002,734.71 1,002,734.71 1,002,734.71
U.S. TREASURY NOTES**1.407%1,365 9,000,000.00 9,156,404.00 9,008,132.08
MUNICIPAL BONDS**1.691%1,194 30,570,000.00 31,062,646.70 30,674,884.70
CORPORATE NOTES**1.588%902 40,987,000.00 41,795,266.29 41,336,005.59
NEGOTIABLE CDS**1.726%1,142 5,500,000.00 5,499,620.07 5,498,182.91
CERTIFICATES OF DEPOSIT (COLLATERALIZED)1.100%267 500,000.00 500,000.00 500,000.00
FEDERAL AGENCY NOTES**1.227%953 200,340,000.00 201,337,038.54 200,209,098.87
TOTAL ACTIVELY MANAGED PORTFOLIO:1.156%744 380,507,499.70 382,961,475.30 380,836,801.14
INVESTMENT OF NOTE/BOND PROCEEDS AND OPERATING CASH
SCHOOL BOND PROCEEDS (see page 2 for details)3,057,041.88 3,057,041.88 3,057,041.88
OPERATING ACCOUNTS
U.S. BANK CHECKING ACCOUNT DEPOSITS 24,552,829.18 24,552,829.18 24,552,829.18
OPERATING CASH 19,645.61 19,645.61 19,645.61
OTHER 1,544.75 1,544.75 1,544.75
TOTAL TREASURER'S FUND LEDGER BALANCE: 408,138,561.12 410,592,536.72 408,467,862.56
INVESTMENTS UNDER MANAGEMENT OF TRUSTEES (see page 3 for details)6,071,792.96 6,071,792.96 6,083,660.51
PAR VALUE FAIR VALUE COST CARRIED
TOTAL CASH AND INVESTMENTS:414,210,354.08 416,664,329.68 414,551,523.07
Estimated Cash Receipts for Next Six Months 487,499,377
Estimated Disbursements for Next Six Months -473,114,992
Estimated Net Cash Flow for Next Six Months***14,384,385 (A1)
Prudent Reserve -30,000,000 (A2)
Securities Maturing 13,750,000 (B)
Local Agency Investment Fund / Cal Trust / MMF /CAMP 93,610,497 (C)
Total Liquidity for Next Six Months 91,744,882 (A1+A2+B+C)
Estimated Cash Available for Long Term Investment -30,000,000
Remaining Available Liquidity 61,744,882
Total Par Value of actively managed investments maturing in less than 12 months:127,360,500
Total Par Value of actively managed investments maturing in more than 12 months:253,147,000
* Actual Weighted Average Maturity will be shorter, and actual dollar amount of investments maturing in less than 12 months will be higher than stated, due to call features on investments.
** See page 5 for detailed list of investments.
*** Includes TRAN (Tax and Revenue Anticipation Notes) receipts and disbursements, if applicable.
SIX MONTH LIQUIDITY PROJECTIONS
2
INVESTMENT MATURITY ANNUAL PAR FAIR COST
BOND/NOTE DESCRIPTION DATE YIELD* VALUE VALUE CARRIED
BONDS - LOCAL AGENCY INVESTMENT FUND (LAIF)
Chico Unified Measure E Series A 0.588%3,057,041.88 3,057,041.88 3,057,041.88
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 3,057,041.88 3,057,041.88 3,057,041.88
* Yields quoted above are a snapshot per investment type. Actual yields earned on school bonds are calculated by the Treasurer's office and are a composite of investment earnings less Treasury costs.
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
INVESTMENT OF SCHOOL BOND PROCEEDS
July 31, 2016
TYPE DESCRIPTION
LAIF
3
INVESTMENT MATURITY ANNUAL PAR FAIR COST
FINANCING PROGRAM DATE YIELD VALUE VALUE CARRIED
2004 PENSION OBLIGATION BONDS
WELLS FARGO BANK, TRUSTEE
Series A Bond Fund #XXXX1106 Money Market HERITAGE MM #3106 0.346%0.00 0.00 0.00
Int. Rate Stabilization Fund #XXXX1109 Money Market HERITAGE MM #3106 0.346%1,007.28 1,007.28 1,007.28
Pooled Agency Funds Local Agency Investment Fund 0.588%1,639.67 1,639.67 1,639.67
Principal Account Fund #XXXX1140 Cash Cash 0.000%11.54 11.54 11.54
Interest Account Fund #XXXX1141 Cash Cash 0.000%56.73 56.73 56.73
Surplus Account Fund #XXXX1142 Cash Cash 0.000%624.20 624.20 624.20
Series B Interest Fund #XXXX1301 Money Market HERITAGE MM #3106 0.346%13,756.17 13,756.17 13,756.17
Series B Bond Fund #XXXX1305 Money Market HERITAGE MM #3106 0.346%429,979.92 429,979.92 429,979.92
Series B Interest Fund #XXXX1307 Money Market HERITAGE MM #3106 0.346%18.96 18.96 18.96
SUBTOTAL 447,094.47 447,094.47 447,094.47
2006 COP - NEAL ROAD RECYCLING & WASTE FACILITY
WELLS FARGO BANK, TRUSTEE
Certificate Reserve Fund #XXXX0800 Money Market Gov MMF Service Fund #743 0.000%11,314.59 11,314.59 11,314.59
US Treas/Agency 06/11/21 FHLB #3130A1W95 0.000%0.00 0.00 0.00
Base Rental Payment Fund #XXXX0801 Money Market Gov MMF Service Fund #743 0.000%5.03 5.03 5.03
Expense Fund #XXXX0802 Money Market Gov MMF Service Fund #743 0.000%0.00 0.00 0.00
Escrow Fund #XXXX1300 Cash Cash 0.000%5,393,155.83 5,393,155.83 5,393,155.83
SUBTOTAL 5,404,475.45 5,404,475.45 5,404,475.45
DEPOSITS WITH FISCAL AGENTS
Discovery Benefits
Plan Year Cash Balance 1/01/14 - 12/31/14*NA 18,132.45 18,132.45 **30,000.00
York Risk Services Group - Claim Administrators
Umpqua Bank #XXXXX2601 Commercial Bank Business Checking NA 202,090.59 202,090.59 202,090.59
SUBTOTAL 220,223.04 220,223.04 232,090.59
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 6,071,792.96 6,071,792.96 6,083,660.51
* Represents the most current data available (source: Auditor-Controller)
** Benefits can be paid in advance of receipt of offsetting payroll deductions
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
DEPOSITS AND INVESTMENTS UNDER MANAGEMENT OF TRUSTEES/FISCAL AGENTS
July 31, 2016
TYPE DESCRIPTION
4
Local Agency Investment Fund/CalTrust/MMF/CAMP LAIF/CT/MMF/CAMP 93,610,500$
Federal Home Loan Bank FHLB 40,200,000$ LAIF/CALTRUST/MMF/CAMP (1 day) 0.588%93,610,500$
Federal Home Loan Mortgage Corp FHLMC 24,625,000$ 01-12 months 1.079%33,750,000$
Federal National Mortgage Assn FNMA 34,250,000$ 13-36 months 1.338%130,890,000$
Federal Farm Credit Bank FFCB 48,000,000$ 37-60 months 1.650%122,257,000$
Federal Agricultural Mortgage Corp FAMCA 32,265,000$ TOTAL PAR VALUE 380,507,500$
Corporate Notes CORP 40,987,000$
U.S. Treasury Notes UST 9,000,000$ * Investments managed by Trustees & School Bond Proceeds not included.
Tennessee Valley Authority TVA 5,000,000$ Final maturity dates are used; probable call dates are not considered.
Supranational SUPRA 16,000,000$ Amounts quoted at Par Value.
Certificates of Deposit (Collateralized/Negotiable)CDs 6,000,000$
Municipal Bonds MUNI 30,570,000$
380,507,500$
NR
-1
** This chart does not include deposits from TRAN, Bond Proceeds, or Investments under Management of Trustees.
It is intended to demonstrate cash flow trends and establish a baseline for the portfolio, enabling medium term investments.
INVESTMENTS BY MATURITY & YIELD*INVESTMENTS BY TYPE*
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
July 31, 2016
ACTIVELY MANAGED PORTFOLIO "AT-A-GLANCE"
25%
11%
6%
9%13%
8%
11%
2%
1%4%2%8%
LAIF/CT/MMF/CAMP FHLB FHLMC FNMA
FFCB FAMCA CORP UST
TVA SUPRA CDs MUNI
$250,000,000
$275,000,000
$300,000,000
$325,000,000
$350,000,000
$375,000,000
$400,000,000
$425,000,000
$450,000,000
$475,000,000
$500,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Butte County Pooled Treasury Portfolio Balance**
Net of Tax and Revenue Anticipation Notes (TRAN) and Bond Proceeds
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
LAIF/CALTRUST/MMF/CAMP (1 day)
01-12 months
13-36 months
37-60 months
5
Purchase Maturity Yield to
Security Description S&P Moody's Fitch Date Date Maturity (%) Par Value Fair Value Cost Carried*
36160XUB1 GE CAPITAL FINANCIAL INC CD NR NR NR 8/19/2011 8/19/2016 1.850 250,000.00 250,354.61 250,000.00
3133EESQ4 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 3/9/2015 9/6/2016 0.610 5,000,000.00 5,001,270.00 4,999,563.31
17284AXX1 CIT BANK NR NR NR 9/8/2011 9/8/2016 1.800 250,000.00 250,558.47 250,000.00
36157PSP5 GE CAPITAL RETAIL BANK NR NR NR 10/11/2013 10/11/2016 1.200 250,000.00 250,499.66 250,000.00
880591DS8 TENNESSEE VALLEY AUTHORITY AA+ Aaa AAA 1/27/2012 12/15/2016 0.970 5,000,000.00 5,080,960.00 5,070,807.34
31315PYB9 FARMER MAC NR NR NR 1/30/2012 1/6/2017 1.150 3,000,000.00 3,012,045.00 3,002,877.71
3137EADC0 FREDDIE MAC AA+ Aaa AAA 2/14/2013 3/8/2017 0.753 5,000,000.00 5,013,605.00 5,007,314.86
57582PM80 MASSACHUSETTS ST GO LTD TXBL AA+ Aa1 AA+ 4/8/2013 4/1/2017 0.780 2,000,000.00 2,004,100.00 2,002,880.67
89236TBH7 TOYOTA MOTOR CREDIT CORP AA- Aa3 A 3/13/2015 5/16/2017 1.000 4,500,000.00 4,504,581.00 4,504,389.66
3133EA4H8 FEDERAL FARM CREDIT BANK AA+ Aaa NR 10/15/2012 7/11/2017 0.842 5,000,000.00 4,995,230.00 4,999,003.52
45905URF3 INTL BK RECON & DEVELOP AAA Aaa NR 2/19/2015 7/17/2017 0.890 3,000,000.00 3,009,567.00 3,000,275.05
3130A3TK0 FEDERAL HOME LOAN BANK AA+ Aaa NR 12/31/2014 9/22/2017 1.070 5,000,000.00 5,015,815.00 4,998,869.96
3133EEQX1 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 2/25/2015 9/25/2017 1.000 3,000,000.00 3,008,376.00 3,000,000.00
3134G5JJ5 FEDERAL HOME LOAN MTG CORP AA+ Aaa AAA 9/29/2014 9/29/2017 1.100 1,625,000.00 1,627,016.63 1,625,000.00
313381B20 FEDERAL HOME LOAN BANK AA+ Aaa NR 12/19/2012 12/8/2017 0.857 5,000,000.00 4,997,450.00 4,992,922.30
3133ECB45 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 12/26/2012 12/26/2017 0.910 10,000,000.00 10,000,000.00 9,998,597.22
31315PTS8 FARMER MAC NR NR NR 1/11/2013 12/27/2017 0.903 4,265,000.00 4,267,704.01 4,264,818.75
3137EADN6 FHLMC .75 01/18 AA+ Aaa AAA 1/14/2013 1/12/2018 0.920 5,000,000.00 4,996,280.00 4,988,003.67
3134G34K3 FEDERAL HOME LOAN MTG CORP AA+ Aaa AAA 1/30/2013 1/30/2018 1.000 5,000,000.00 5,000,495.00 5,000,000.00
3135G0UE1 FEDERAL NATL MORTGAGE ASSN AA+ Aaa AAA 2/14/2013 2/14/2018 1.000 10,000,000.00 10,023,260.00 10,000,000.00
48124JSZ2 JP MORGAN CHASE BANK NA NR NR NR 2/20/2013 2/20/2018 1.125 250,000.00 250,000.00 250,000.00
31315PQM4 FARMER MAC NR NR NR 3/7/2013 3/6/2018 0.940 10,000,000.00 10,013,570.00 9,999,968.04
31315PZZ5 FARMER MAC NR NR NR 5/15/2013 3/9/2018 0.976 5,000,000.00 4,988,175.00 4,983,880.00
64952WBZ5 NEW YORK LIFE GLOBAL FDG AA+ Aaa AAA 4/27/2015 4/27/2018 1.230 5,000,000.00 5,009,020.00 5,005,970.19
02006LQN6 ALLY BANK NR NR NR 4/30/2015 4/30/2018 1.150 250,000.00 250,000.00 250,000.00
3133ECNY6 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 5/8/2013 5/8/2018 0.986 5,000,000.00 5,000,225.00 4,996,903.47
3134G45W4 FEDERAL HOME LOAN MTG CORP AA+ Aaa AAA 5/29/2013 5/29/2018 1.000 5,000,000.00 5,013,840.00 5,000,000.00
17275RAU6 CISCO SYSTEMS INC AA- A1 NR 11/12/2015 6/15/2018 1.365 5,000,000.00 5,060,945.00 5,026,078.67
89236TCP8 TOYOTA MOTOR CREDIT CORP AA- Aa3 A 9/18/2015 7/13/2018 1.600 5,000,000.00 5,043,640.00 4,995,227.78
38147J3E0 GOLDMAN SACHS BANK USA NR NR NR 8/27/2014 8/27/2018 1.650 250,000.00 250,000.00 250,000.00
02587CAY6 AMERICAN EXPRESS BK FSB NR NR NR 8/28/2014 8/28/2018 1.600 250,000.00 250,000.00 250,000.00
795450RM9 SALLIE MAE BANK/SALT LKE NR NR NR 11/25/2013 11/20/2018 2.050 250,000.00 250,000.00 250,000.00
686184WJ7 ORIENTAL BANK NR NR NR 12/16/2015 12/17/2018 1.750 250,000.00 250,000.00 250,000.00
89236TBB0 TOYOTA MOTOR CREDIT CORP AA- Aa3 A 9/18/2015 1/17/2019 1.875 5,000,000.00 5,105,195.00 5,026,676.06
650035K80 NEW YORK ST URBAN DEV CORP REV AAA Aa1 AA+ 12/18/2014 3/15/2019 1.980 5,000,000.00 5,104,650.00 5,001,205.50
13063CKL3 CALIFORNIA ST GO UNLTD TXBL AA- Aa3 A+11/24/2014 5/1/2019 1.900 3,000,000.00 3,054,780.00 3,027,542.71
3133EFD20 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 2/23/2016 5/23/2019 1.266 5,000,000.00 5,000,100.00 4,997,837.61
594918AC8 MICROSOFT CORP AAA Aaa AA+ 9/28/2015 6/1/2019 1.580 2,500,000.00 2,717,550.00 2,679,560.09
313379EE5 FEDERAL HOME LOAN BANK AA+ Aaa NR 6/16/2014 6/14/2019 1.785 5,000,000.00 5,091,665.00 4,978,110.51
91412GSB2 UNIV OF CALIFORNIA CA REV TXBL AA Aa2 AA 8/24/2015 7/1/2019 1.698 5,000,000.00 5,066,500.00 5,013,740.09
31315PM71 FEDERAL AGRIC MTG CORP NR NR NR 7/17/2014 7/17/2019 1.813 5,000,000.00 5,111,580.00 4,988,303.61
459058EV1 INTL BK RECON & DEVELOP AAA Aaa AAA 1/28/2016 7/26/2019 1.392 5,000,000.00 5,038,930.00 4,979,363.08
31315PTD1 FARMER MAC NR NR NR 8/25/2014 8/23/2019 1.765 5,000,000.00 5,097,765.00 4,975,879.19
68389XAX3 ORACLE CORP AA- A1 A+10/6/2015 10/8/2019 1.845 4,162,000.00 4,291,904.34 4,213,512.17
3133EEBN9 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 11/12/2014 11/12/2019 1.800 5,000,000.00 5,128,435.00 5,000,000.00
02587DXE3 AMERICAN EXPR CENTURION NR NR NR 1/30/2015 1/30/2020 1.950 250,000.00 250,000.00 250,000.00
3136G2CP0 FEDERAL NATL MORTGAGE ASSN AA+ Aaa AAA 1/30/2015 1/30/2020 1.700 4,250,000.00 4,271,734.50 4,250,000.00
882806EM0 TEXAS ST TECH UNIV REV AA+ Aa1 AA+ 11/6/2015 2/15/2020 1.790 2,570,000.00 2,640,186.70 2,597,338.02
912828J84 U S TREASURY NOTE AA+ Aaa AAA 4/8/2015 3/31/2020 1.330 5,000,000.00 5,076,560.00 5,007,901.62
13063CSQ4 CALIFORNIA ST GO UNLTD TXBL AA- Aa3 A+4/29/2015 4/1/2020 1.680 5,000,000.00 5,107,200.00 5,021,006.77
71270QMS2 PEOPLES UNITED BANK NA NR NR NR 4/15/2015 4/15/2020 1.800 250,000.00 250,000.00 250,000.00
037833BD1 APPLE INC AA+ Aa1 NR 5/21/2015 5/6/2020 1.892 9,825,000.00 10,062,430.95 9,862,887.62
3136G2HF7 FEDERAL NATL MORTGAGE ASSN AA+ Aaa AAA 5/19/2015 5/19/2020 1.600 5,000,000.00 5,014,365.00 5,000,000.00
912828XE5 U S TREASURY NOTE AA+ Aaa AAA 6/1/2015 5/31/2020 1.503 4,000,000.00 4,079,844.00 3,999,521.15
140420RX0 CAPITAL ONE BANK USA NA NR NR NR 6/10/2015 6/10/2020 2.006 250,000.00 249,035.99 249,035.99
313383HU8 FEDERAL HOME LOAN BANK AA+ Aaa NR 6/5/2015 6/12/2020 1.780 5,000,000.00 5,121,300.00 4,994,457.55
313383HU8 FEDERAL HOME LOAN BANK AA+ Aaa NR 7/20/2015 6/12/2020 1.806 5,000,000.00 5,121,300.00 4,989,618.81
3133834H1 FHLB 1.375 06/20 AA+ Aaa NR 7/23/2015 6/12/2020 1.795 5,200,000.00 5,255,494.40 5,119,526.02
8821172X1 TEXAS ST A&M UNIV REV AAA Aaa AAA 8/10/2015 7/1/2020 1.963 3,000,000.00 3,051,930.00 2,976,219.76
3133EFCH8 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 9/8/2015 9/8/2020 1.850 5,000,000.00 5,006,530.00 5,000,000.00
05580ACW2 BMW BANK NORTH AMERICA NR NR NR 9/18/2015 9/18/2020 2.200 250,000.00 250,000.00 250,000.00
20033AMR4 COMENITY CAPITAL BANK NR NR NR 9/21/2015 9/21/2020 2.250 250,000.00 250,000.00 250,000.00
254672VT2 DISCOVER BANK NR NR NR 10/21/2015 10/21/2020 2.200 250,000.00 250,000.00 250,000.00
14042RBL4 CAPITAL ONE NA NR NR NR 11/13/2015 10/28/2020 2.277 250,000.00 249,732.71 249,732.71
94986TWG8 WELLS FARGO BANK NA NR NR NR 12/3/2015 12/3/2020 1.500 250,000.00 250,000.00 250,000.00
29266NX93 ENERBANK USA NR NR NR 1/28/2016 1/28/2021 1.903 250,000.00 249,438.63 249,438.63
3130A7CV5 FEDERAL HOME LOAN BANK AA+ Aaa NR 4/7/2016 2/18/2021 1.315 5,000,000.00 5,046,755.00 5,013,135.27
3136G2Z26 FNMA STEP-UP AA+ Aaa AAA 2/26/2016 2/26/2021 1.000 5,000,000.00 5,000,820.00 5,000,000.00
3136G3AV7 FNMA STEP-UP AA+ NR AAA 3/10/2016 3/10/2021 1.000 5,000,000.00 5,005,005.00 5,000,000.00
13063CP87 CALIFORNIA ST GO UNLTD AA- Aa3 A+6/13/2016 4/1/2021 1.430 5,000,000.00 5,033,300.00 5,015,652.78
3134G8Y29 FREDDIE MAC AA+ NR AAA 4/28/2016 4/28/2021 1.326 3,000,000.00 3,001,116.00 2,995,732.50
459058FD0 INTL BK RECON & DEV STEP-UP NR NR NR 4/28/2016 4/28/2021 1.250 3,000,000.00 3,000,000.00 3,000,000.00
128829AC2 CALDWELL BK & TRUST CO NR NR NR 5/13/2016 5/13/2021 1.400 250,000.00 250,000.00 250,000.00
459058FH1 INTL BK RECON & DEVELOP AAA Aaa AAA 6/13/2016 5/24/2021 1.412 5,000,000.00 5,016,795.00 4,991,388.52
3136G3MV4 FEDERAL NATL MORTGAGE ASSN AA+ Aaa AAA 5/25/2016 5/25/2021 1.375 5,000,000.00 5,018,840.00 5,000,000.00
27113PBE0 EAST BOSTON SAVINGS BANK NR NR NR 6/23/2016 6/23/2021 1.500 250,000.00 250,000.00 250,000.00
3133EGKA2 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 7/6/2016 7/6/2021 1.500 5,000,000.00 4,959,410.00 5,000,000.00
3130A8QS5 FEDERAL HOME LOAN BANK AA+ Aaa NR 7/14/2016 7/14/2021 1.201 5,000,000.00 4,964,215.00 4,981,773.78
58403B4S2 MEDALLION BANK UTAH NR NR NR 7/28/2016 7/26/2021 1.400 250,000.00 250,000.00 250,000.00
95960NJN8 WESTERN STATE BANK NR NR NR 7/29/2016 7/29/2021 1.400 250,000.00 250,000.00 250,000.00
**Effective Duration: 2.193 1.343 286,397,000.00 288,850,975.60 286,659,450.29
Source: U.S. Bank Safekeeping
*Values may differ from Treasurer's Cost Carried due to accretion method variation.
**BondEdge Portfolio-Analysis
Notes: Federal Agricultural Mortgage Corporation securities are issued by a U.S. Government agency and are not rated.
Negotiable CDs are not rated, but are FDIC insured.
Credit Rating
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
MANAGED PORTFOLIO - DETAILS OF SECURITIES HELD
July 31, 2016
Treasurer – Tax Collector Peggy Moak, Treasurer-Tax Collector
25 County Center Drive, Suite 125 T: 530.538.7701
Oroville, California 95965-3384 F: 530.538.7648
__________________________________________________________________________________________
August 15, 2016
Butte County Board of Supervisors
Butte County Chief Administrative Officer
Investment Pool Oversight Committee
The attached statements showing investment transactions for the month ending July 31, 2016
are submitted in accordance with Government Code, and with Local Agency Investment
Guidelines as recently revised by the California Debt and Investment Advisory Commission.
The Investment Policy effective July 1, 2016 includes a provision for monthly reporting of
investment transactions to the Board of Supervisors.
In addition to the above, Investment Reports will continue to be submitted on a monthly basis
going forward. As has been our practice, Quarterly Investment Reports are also made available
on the Treasurer-Tax Collector website at http://www.buttecounty.net/ttc.
If you have any questions regarding recent changes to investment reporting, please feel free to
contact me, or Lisa Lam, at 538-7539.
Yours truly,
Peggy Moak
Butte County Treasurer-Tax Collector
buttecounty.net/ttc
Monthly Investment Transaction Reporting
Table of Contents
Funds Under Management of Trustees
• Wells Fargo Bank – 2004 Pension Obligation Bonds
• Wells Fargo Bank – 2006 Certificates of Participation
• Umpqua Bank - York Risk Services Group
Local Agency Investment Fund
• Butte County Treasurer
• Butte Community College District
• Paradise Unified School District
• Oroville Union School District
• Chico Unified School District
• Butte County Office of Education
CalTrust
CAMP
River City Bank
US Bank Safekeeping
Butte County Treasurer
Monthly Investment Transaction Reporting
Funds Under Management of Trustees
Sources: 1) Wells Fargo Bank Statements, 2) Butte County Administration Office
Wells Fargo Bank, Trustee
2004 Pension Obligation Bonds
Transaction Activity
Total Cash With
Transaction & Month End Date XXXX1106 XXXX1109 XXXX1140 XXXX1141 XXXX1142 XXXX1301 XXXX1305 XXXX1307 Fiscal Agent
1/31/2016 Fair Value 71.86 2,641.09 0.00 23.84 1,041,094.42 12,015.47 902,908.74 0.00 1,958,755.42
Interest Earned 0.02 0.26 0.01 0.03 2.19 232.41 234.92
CSCDA Issuer Fees 0.00
Wire Transfer From Butte County 0.00
Transfer from XXXX1301 0.00
Transfer To XXXX1301 (12,420.17)(12,420.17)
Transfer To XXXX1142 0.00
Principal Paid to Bondholder 0.00
Interest Paid to Bondholder (12,015.47)(12,015.47)
Transfer from XXXX1305 12,420.17 12,420.17
2/29/2016 Fair Value 71.88 2,641.35 0.00 23.85 1,041,094.45 12,422.36 890,720.98 0.00 1,946,974.87
Interest Earned 0.02 0.28 0.01 0.03 0.71 246.93 247.98
CSCDA Issuer Fees 0.00
Wire Transfer From Butte County 0.00
Transfer from XXXX1301 0.00
Transfer To XXXX1301 (13,503.28)(13,503.28)
Transfer To XXXX1142 0.00
Principal Paid to Bondholder 0.00
Interest Paid to Bondholder (12,422.36)(12,422.36)
Transfer from XXXX1305 13,503.28 13,503.28
3/31/2016 Fair Value 71.90 2,641.63 0.00 23.86 1,041,094.48 13,503.99 877,464.63 0.00 1,934,800.49
Interest Earned 0.02 2.20 0.01 0.03 0.39 271.74 274.39
CSCDA Issuer Fees 0.00
Wire Transfer From Butte County 0.00
Transfer from XXXX1301 0.00
Transfer To XXXX1301 (13,421.31)(13,421.31)
Transfer To XXXX1142 0.00
Principal Paid to Bondholder 0.00
Interest Paid to Bondholder (13,503.99)(13,503.99)
Transfer from XXXX1305 13,421.31 13,421.31
4/30/2016 Fair Value 71.92 2,643.83 0.00 23.87 1,041,094.51 13,421.70 864,315.06 0.00 1,921,570.89
Interest Earned 0.02 0.30 0.01 0.03 0.65 259.78 260.79
CSCDA Issuer Fees 0.00
Wire Transfer From Butte County 0.00
Transfer To XXXX1307 (395,000.00)(395,000.00)
Transfer To XXXX1301 (13,073.03)(13,073.03)
Transfer To XXXX1140 (200,000.00)(200,000.00)
Transfer To XXXX1141 (840,542.32)(840,542.32)
Principal Paid to Bondholder 0.00
Interest Paid to Bondholder (13,421.70)(13,421.70)
Transfer from XXXX1142 200,000.00 840,542.32 1,040,542.32
Transfer from XXXX1305 13,073.03 395,000.00 408,073.03
5/31/2016 Fair Value 71.94 2,644.13 200,000.00 840,566.20 552.22 13,073.68 456,501.81 395,000.00 1,908,409.98
Interest Earned 0.02 0.30 11.54 56.71 0.02 0.76 241.54 18.95 329.84
CSCDA Issuer Fees 0.00
Wire Transfer From Butte County 0.00
Transfer To XXXX1307 0.00
Transfer To XXXX1301 (13,139.73)(13,139.73)
Transfer To XXXX1140 0.00
Transfer To XXXX1141 0.00
Transfer To XXXX1142 (71.96) (71.96)
Principal Paid to Bondholder (200,000.00)(395,000.00)(595,000.00)
Interest Paid to Bondholder (840,566.20)(13,073.68)(853,639.88)
Transfer from XXXX1106 71.96 71.96
Transfer from XXXX1305 13,139.73 13,139.73
6/30/2016 Fair Value 0.00 2,644.43 11.54 56.71 624.20 13,140.49 443,603.62 18.95 460,099.94
Interest Earned 2.52 0.02 0.52 131.95 0.01 135.02
CSCDA Issuer Fees 0.00
Transfer To XXXX1307 0.00
Transfer To XXXX1301 (13,755.65)(13,755.65)
Transfer To XXXX1140 0.00
Transfer To XXXX1141 0.00
Transfer To XXXX1142 0.00
Principal Paid to Bondholder 0.00
Interest Paid to Bondholder (13,140.49)(13,140.49)
Transfer from XXXX1106 0.00
Transfer from XXXX1305 13,755.65 13,755.65
7/31/2016 Fair Value 0.00 2,646.95 11.54 56.73 624.20 13,756.17 429,979.92 18.96 447,094.47
Series A Series B
Butte County Treasurer
Monthly Investment Transaction Reports
Investments Under Management of Trustees
Sources: 1) Wells Fargo Bank , 2) Butte County Administration Office
Wells Fargo Bank, Trustee
2006 Certificates of Participation
Transaction Activity
Base Rental
Reserve Fund Payment Fund Expense Fund Escrow Fund Total With
Date Transaction XXXX0800 XXXX0801 XXXX0802 XXXX1300 Fiscal Agent
1/31/2016 Fair Value 1,221,067.90 14,850.53 2,231.32 0.00 1,238,149.75
Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 0.02
Transfer from another account 0.00
ACH TRF 907064 0.00
Interest Earned 0.14 0.19 0.02 0.35
Interest Paid to Bondholder 0.00
Principal Paid to Bondholder 0.00
Unrealized Gain/Loss 3,474.90 3,474.90
2/29/2016 Fair Value 1,224,542.94 14,850.74 2,231.32 0.00 1,241,625.00
Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 0.02
Transfer from another account 0.00
ACH TRF 907064 0.00
Interest Earned 0.09 0.12 0.02 0.23
Interest Paid to Bondholder 0.00
Principal Paid to Bondholder 0.00
Unrealized Gain/Loss 3,357.90 3,357.90
3/31/2016 Fair Value 1,227,900.93 14,850.88 2,231.32 0.00 1,244,983.13
Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 0.02
Transfer from another account 0.00
ACH TRF 907064 0.00
Interest Earned 0.10 0.13 0.02 0.25
Interest Paid to Bondholder 0.00
Principal Paid to Bondholder 0.00
Unrealized Gain/Loss (2,632.50)(2,632.50)
4/30/2016 Fair Value 1,225,268.53 14,851.03 2,231.32 0.00 1,242,350.88
`Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 0.02
Transfer from another account 0.00
ACH TRF 907064 0.00
Interest Earned 0.09 0.12 0.02 0.23
Interest Paid to Bondholder 0.00
Principal Paid to Bondholder 0.00
Unrealized Gain/Loss 6,838.65 6,838.65
5/31/2016 Fair Value 1,232,107.27 14,851.17 2,231.32 0.00 1,249,189.76
`Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 0.02
Transfer from another account 0.00
ACH TRF FOR DEBIT SERVICE 1,081,650.00 1,081,650.00
Interest Earned 4.44 0.13 0.02 4.59
Interest Paid to Bondholder 0.00
Principal Paid to Bondholder 0.00
Unrealized Gain/Loss 0.00
6/30/2016 Fair Value 1,232,111.71 1,096,501.32 2,231.32 0.00 2,330,844.35
`Transfer to another account (0.02)(0.02)
Transfer from another account 0.02 4,155,266.09 4,155,266.11
Transfer from another account 1,237,889.74 1,237,889.74
ACH TRF FOR DEBIT SERVICE 0.00
Interest Earned 10.13 4.86 0.02 15.01
Interest Paid to Bondholder (131,650.00)(131,650.00)
Principal Paid to Bondholder (950,000.00)(950,000.00)
TRANFSER TO REFUNDING ESCROW ACCOUNT (1,220,807.25)(14,851.17)(2,231.32)(1,237,889.74)
7/31/2016 Fair Value 11,314.59 5.03 0.00 5,393,155.83 5,404,475.45
Butte County Treasurer
Monthly Investment Transaction Reports
Investments Under Management of Trustees
Source: Umpqua Bank Statement
York Risk Services Group, Claims Administrator
Umpqua Bank
WORKERS' COMPENSATION
Account # XXXXX2601
Transaction Activity - Current Month
Beginning Balance - 6/30/2016 187,014.72
Deposits/Additions
7/1/16 75,465.62
7/12/16 74,968.37
7/18/16 40,834.00
7/18/16 2,295.00
7/18/16 576.35
7/22/16 130,424.84
Withdrawals/Subtractions
Disbursements Checks Paid (309,371.20)
Maintenance Fee 7/20/16 (117.11)
Ending Balance - 7/31/2016 202,090.59
STATEMENT FOR PERIOD
July 01, 2016 - July 31, 2016
COUNTY OF BUTTE
Date Transaction Shares Price Per
Share Amount Average
Cost NAV
Average
Cost Amount
Realized
Gain/Loss*
CalTrust Short Term Fund - BUTTE, COUNTY OF
06/30/2016 BALANCE FORWARD 453.577 10.03 4,549.38 10.01966590 4,544.69
07/01/2016 INCOME DISTRIBUTION - JUNE 0.270 10.03 2.71 10.01967623 0.00 2.71
07/31/2016 UNREALIZED GAIN (LOSS) 0.000 0.00 0.00
07/31/2016 ENDING BALANCE 453.847 10.03 4,547.40 4,552.09
INCOME DISTRIBUTION PAID - JUNE 0.00
2.83INCOME ACCRUAL - JULY
4.69CUMULATIVE UNREALIZED GAIN (LOSS)
* Please note that this information should not be construed as tax advice and it is recommended that you consult with a tax professional regarding your account.
For Inquiries About Your Account, Contact:
Nottingham Investment Administration
116 South Franklin Street
Rocky Mount, NC 27804
Attention: CalTRUST Shareholder Services
Phone: 800.773.3863
Fax: 252-972-1908
Email: caltrustsupport@ncfunds.com
COUNTY OF BUTTE
BUTTE, COUNTY OF
ATTN: PEGGY MOAK
25 COUNTY CENTER DR, STE 125
OROVILLE CA 95965
Page 1 of 1
For the Month Ending July 31, 2016Account Statement - Transaction Summary
Butte County - Butte County -
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
20,028,836.57
9,289.27
0.00
0.00
$20,038,125.84
CAMP Pool
Unsettled Trades 0.00
9,289.27 Cash Dividends and Income
July 31, 2016 June 30, 2016
Asset Summary
CAMP Pool 20,038,125.84 20,028,836.57
$20,038,125.84 $20,028,836.57 Total
Asset Allocation
100.00%
CAMP Pool
Account Page 1
For the Month Ending July 31, 2016Account Statement
Butte County - Butte County -
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
20,028,836.57 Opening Balance
07/29/16 08/01/16 Accrual Income Div Reinvestment - Distributions 1.00 9,289.27 20,038,125.84
20,038,125.84
20,038,125.84
20,038,125.84
20,029,735.53
38,125.84
0.00
0.00
20,038,125.84
0.00
9,289.27
20,038,125.84
0.00
0.00
9,289.27
20,028,836.57
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
July January-July
0.55%
Account Page 2
Acct Name: BUTTE COUNTY TREASURER **SUMMARY - USD Page 1
Acct Number:For period 07/01/2016 - 07/31/2016
ACTIVITY - Settled/Cleared Cash Activity
Transaction Type Amount Your Sales Representative is:SAFEKEEPING OPERATIONS
Purchases 0.00 (800) 236-4221
Purchase Reversals 0.00
Sales 0.00 Statement Contents
Sale Reversals 0.00 *Summary
Withdrawals 0.00 *Activity - Settled/Cleared Cash Activity
Receipts (10,481,628.77) *Activity - Projected Activity for Next Statement Period
Deliveries 0.00 *Holdings
Principal Reversals 0.00 *Cash Flow Projections
Interest 372,403.90
Interest Reversals 0.00
Interest Adjustments (2.78)
Maturities 0.00
Calls 11,809,000.00
Puts 0.00
Paydowns 0.00
Paydown Adjustments 0.00
Payups 0.00
Payup Adjustments 0.00
Cash Dividends 0.00
Balance Changes 0.00
Stock Dividends 0.00
Closeouts 0.00
Closeout Dividends 0.00
Net Activity 1,699,772.35
HOLDINGS - Custody
Category Par/Shares Original Face Principal Cost Market Value
Domestic Time Deposits 5,500,000.00000 5,500,000.00 5,497,812.50 751,412.74
Treasury Obligations 9,000,000.00000 9,000,000.00 9,010,117.19 9,156,404.00
US Government Agency Securities 184,340,000.00000 184,340,000.00 184,975,954.25 185,271,746.54
Non US Government Agency Securities 16,000,000.00000 16,000,000.00 15,967,690.00 13,065,292.00
Corporate Securities 40,987,000.00000 40,987,000.00 41,422,231.72 41,795,266.29
Account Name: BUTTE COUNTY TREASURER **SUMMARY - USD Page 2
Account Number:For period 07/01/2016 - 07/31/2016
HOLDINGS - Custody
Category Par/Shares Original Face Principal Cost Market Value
Municipal Securities 30,570,000.00 30,570,000.00 30,699,354.50 31,062,646.70
Total Custody Holdings 286,397,000.00000 286,397,000.00 287,573,160.16 281,102,768.27
Acct Name: BUTTE COUNTY TREASURER **ACTIVITY - USD Page 3
Acct Number:Settled/Cleared Cash Activity For period 07/01/2016 - 07/31/2016
Date Activity Description Rate Par/Shares Security ID Amount
Ticket Maturity Price/NAV
07/01/2016 Interest FEDERAL FARM CREDIT BANK .625 3133EELR9 7,018.23
392161787 01/27/17 01/27/2017
07/01/2016 Call FEDERAL FARM CREDIT BANK .625 2,625,000.00000 3133EELR9 2,625,000.00
392161787 01/27/17 01/27/2017 100.000000
07/01/2016 Interest UNIV OF CALIFORNIA CA REV TXBL 1.796 91412GSB2 44,900.00
392168055 NTS SER AH 07/01/2019
07/01/2016 Interest TEXAS ST A&M UNIV REV 1.750 8821172X1 26,250.00
757008663 PERM UNIV FUND TXBL-REF-SER B 07/01/2020
07/06/2016 Interest FARMER MAC 1.380 31315PYB9 20,700.00
392124032 01/06/17 NOTES 01/06/2017
07/06/2016 Receipt FEDERAL FARM CREDIT BANK 1.500 5,000,000.00000 3133EGKA2 (5,000,000.00)
392177903 3133EGKA2 07/6/21 07/06/2021 100.000000
07/08/2016 Interest FARMER MAC 1.320 31315P5Y1 21,014.40
392160724 01/08/18 01/08/2018
07/08/2016 Call FARMER MAC 1.320 3,184,000.00000 31315P5Y1 3,184,000.00
392160724 01/08/18 01/08/2018 100.024300
07/11/2016 Interest FEDERAL FARM CREDIT BANK .820 3133EA4H8 20,500.00
392133377 07/11/17 07/11/2017
07/12/2016 Interest FHLMC .75 01/18 .750 3137EADN6 18,750.00
392136545 01/12/18 01/12/2018
07/13/2016 Interest TOYOTA MOTOR CREDIT CORP 1.550 89236TCP8 38,750.00
392168972 SR UNSECURED 07/13/2018
07/14/2016 Receipt FEDERAL HOME LOAN BANK 1.125 5,000,000.00000 3130A8QS5 (4,981,600.00)
392178292 07/14/21 07/14/2021 99.632000
07/18/2016 Interest INTL BK RECON & DEVELOP .900 45905URF3 13,500.00
392162382 07/17/17 07/17/2017
07/18/2016 Interest TOYOTA MOTOR CREDIT CORP 2.100 89236TBB0 52,500.00
392168979 01/17/2019
Acct Name: BUTTE COUNTY TREASURER **ACTIVITY - USD Page 4
Acct Number:Settled/Cleared Cash Activity For period 07/01/2016 - 07/31/2016
Date Activity Description Rate Par/Shares Security ID Amount
Ticket Maturity Price/NAV
07/18/2016 Interest FEDERAL AGRIC MTG CORP 1.730 31315PM71 43,250.00
519051051 07/17/2019 NOTES 07/17/2019
07/21/2016 Interest COMENITY CAPITAL BANK 2.250 20033AMR4 462.33
757009131 CERTIFICATE OF DEPOSIT 09/21/2020
07/25/2016 Interest FARMER MAC .970 31315PB40 4,850.00
575007832 01/24/18 01/24/2018
07/25/2016 Call FARMER MAC .970 1,000,000.00000 31315PB40 1,000,000.00
575007832 01/24/18 01/24/2018 99.736300
07/26/2016 Interest INTL BK RECON & DEVELOP 1.250 459058EV1 30,902.78
392172905 07/26/19 07/26/2019
07/28/2016 Interest FEDERAL NATL MORTGAGE ASSN 1.070 3135G0ZF3 26,750.00
392163845 07/28/2017 07/28/2017
07/28/2016 Call FEDERAL NATL MORTGAGE ASSN 1.070 5,000,000.00000 3135G0ZF3 5,000,000.00
392163845 07/28/2017 07/28/2017 100.002100
07/28/2016 Interest ENERBANK USA 1.850 29266NX93 2,306.16
392172787 CERTIFICATE OF DEPOSIT 01/28/2021
07/28/2016 Receipt MEDALLION BANK UTAH 1.400 250,000.00000 58403B4S2 (250,028.77)
392178542 CERTIFICATE OF DEPOSIT 07/26/2021 100.000000
07/29/2016 Int-Adj INTL BK RECON & DEVELOP 1.250 459058EV1 (2.78)
392172905 07/26/19 07/26/2019
07/29/2016 Receipt WESTERN STATE BANK 1.400 250,000.00000 95960NJN8 (250,000.00)
392178610 CERTIFICATE OF DEPOSIT 07/29/2021 100.000000
Net Activity 1,699,772.35