For information, no action is recommended.

Transcription

1 Q ALAMEDA MUNICIPAL POWER A Department of /he City of Alameda AGENDA ITEM NO: 3.D.1 MEETING DATE: 6/15/2009 ADMINISTRATIVE REPORT NO.: To: Honorable Public Utilities Board Submitted by:_/s/ _ Robert J. Orbeta Administrative Services Manager From: Ina Soo-Hoo Financial Analyst Approved by: _lsi _ Girish Balachandran General Manager Subject: Treasurer's Report for the Month Ended May 31, 2009 RECOMMENDATION For information, no action is recommended. BACKGROUND This report is submitted in compliance with Alameda Municipal Power's policy and the State of California Government Code Sections and 53646(b). DISCUSSION Funds have been managed and invested in compliance with the Public Utilities Board's Resolution No Alameda Municipal Power (AMP) expenditure requirements for the next six-months are covered by anticipated revenues and the liquidity of current investments. Investments The stated value of AMP's investment portfolio totaled $28,810,372 at investment maturity. The current market value of the portfolio totaled $28,666,148. Investments are held to maturity or may be sold when prices yield a gain on the sale. The overall portfolio had an average interest rate yield of 0.847%. Interest Rates During the month, rates on 90-day T-Bills increased 2 basis point to 0.16% from 0.14%. Rates on the 30-day London Interbank Offered Rate (LIBOR) decreased 17 basis points to 0.85% from 1.02%. BUDGET CONSIDERA TION/FINANCIAL IMPACT None.

2 AGENDA ITEM NO: 3.D.2 MEETING DATE: 6/1 5/2009 ADMINISTRATIVE REPORT NO.: EXHIBIT A. Investment Portfolio Summery and Detail B. Supplemental Schedule - Sources of Investments & Investment Portfolio

3 INVESTMENT PORTFOLIO SUMMERY May 31, 2009 Stated Current Book Percent of Average Value Market Value Value Total Retum Local Agency Investment Fund U.S. Government Agencies Cash - Uninvested Money Market Funds Bank Deposits Certificates of Deposit(s) $17,461,562 $17,461,562 2,348,163 2,348, , ,816 8,855,601 8,711,377 $17,461,562 2,343, ,816 8,668, % 1.607% 8.19% 0.765% 0.00% 0.000% 0.00% 0.000% 0.51% 0.250% 30.29% 2.459% Average Retum of Total Investment Portfolio $ $ $ % 0.847% FY 2008 Actual Interest Income $1,488,521 FY 2009 Budgeted Interest Income $950,000. Year-to-date Interest Income (Estimated) ::I: S Percent of Interest Received To Date - m Dlm --f - "tic» Q!'1:I mcn_.. ::>:-1 O -now o WCDC $610, %

4 DETAIL OF INVESTMENT PORTFOLIO May 31, 2009 Investment Stated Interest Current Date of Date of Days Book Value Description Custodian Value Rate Market Value Investment Maturity Invested Yield Purchase Price Local Agency Invstmnt. Fd.(LAIF) LAIF $17,46 I, % $17,461, May May % $17,461,562 U.S. Government Agencies US Treasury Bill Zero Coupon $600, % $600, Nov May % $596,844 US Treasury Bill Zero Coupon $1,748, % $1,748, Apr ct % $1,746,485 Total $2,348,163 $2,348, % $2,343,329 i:i'j s: =m COm -I Cash-Morgan Stanley $ % $ Apr Apr % $101 Money Market Funds Total $101 $ % $101 Morgan Stanley $ % $ Apr Apr % $130 Bank Deposits Total $130 $ % $130 Mongan Stanley Bank/Morgan Stanley Trust Bank $144, % $144, Apr Apr % $144,816 Certificates of Deposit Total $144,816 $144, % $144,816 Morgan Stanley CD - Sallie Mae Bank Murray Utah $98, % $95,224 II -Jun-08 II-Jun % $95,000 Morgan Stanley CD - The Private Bank and Trust Chicago IL $98, % $95, Jun Jun % $95,000 Morgan Stitnley CD -'GE Capital Financial Inc. Salt Lake City $98, % $95, Jun-08 II-Jun % $95,000 Morgan Stanley CD - JP Morgan (formerly W AMU Henderson NV) $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - JP Morgan (formerly WAMU FSB Park City UT) $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - CAPMARK Bank Midvale UT $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - GE Money Bank Salt Lake City $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - New South Federal Savings Bank Irondalen AL $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - Lehman Brothers Commercial Bank Salt Lake UT $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - National City Bank Cleveland OH $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - Park Sterling Bank Charlotte NC $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - The Cowlitz Bank Longview W A $98, % $95, Jul Jul % $95,000 Morgan Stanley CD - Mercantile Bank of Michigan Grand Rapids $98, % $95, Aug Aug % $95,000 Morgan Stanley CD - Independent Bank(formerly in Bay City) lona, MI $98, % $95, Sep-08 II-Sep % $95,000 Morgan Stanley CD - Amcore Bank, NA, Rockford, IL $98, % $95, Sep Sep % $95,000 Morgan Stanley CD - Founders Bank Worth IL $96, % $95,807 II-Sep-08 II-Sep % $95,000 Morgan Stanley CD - Bank ' ofnorth Georgia, Alpharetta $103, % $101, ct ct % $100,000 Z Morgan Stanley CD - Fifth Third Bank Cincinnati OH $207, % $202, ct ct % $200,000 >G) Morgan Stanley CD - World Financial Network National Bank Columbus OH $207, % $202, ct ct % $200, JooC» Morgan Stanley CD - Colonial Bank, N.A. Montgomery ALA $103, % $101, ct ct % $100,000 >-1 Morgan Stanley CD - GE Capital Financial Inc, Salt Lake City, UT $103, % $101, ct ct % $100,000 C') m Morgan Stanley CD - Goldman SACHS Bank USA Salt Lake City, UT $207, % $202, Nov Nov % $200,000 i:l'jm- Morgan Stanley CD - Parkway Bank and Trust Co. Harwood Heights, IL $207, % $202, Nov Nov % $200,000 N :::i: -I (TIm Morgan Stanley CD - American Express Bank, FSB Salt Lake City, UT $246, % $242, Dec-08 IO-Dec % $240,000 ON s: Morgan Stanley CD - American Express Centurion Bank Salt Lake City, UT $102, % $100, Dec Dec % $100,000 o(,.) Morgan Stanley CD - Town North Bank, N.A. Dallas, TX $246, % $241, Dec Dec % $240,000 o wc.co

5 DET AIL OF INVESTMENT PORTFOLIO May 31, 2009 Investment Stated In terest Current Date of Date of Days Book Value Descriotion Custodian Value Rate Market Value Investment Maturity Invested Yield Purchase Price trj Morgan Stanley CD - Eurobank Hato Rey Puerto Rico $96, % $95, Feb-09 I 9-Feb % $95,000 Morgan Stanley CD - Discover Bank Greenwood, DE $96, % $94, Feb Feb-IO % $95,000 Morgan Stanley CD - LibertyBank Eugene CD $95, % $95, Apr Feb-IO % $95,000 Morgan Stanley CD - Legacy Bank (WI) Milwaukee $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - First Bank of Georgia Augusta, GA $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Amboy Bank Old Bridge, NJ $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - CAPMARK Bank Midvale, UT $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Enterprise Bank Allison Park, PA $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Towne Bank of Arizona Messa $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Busey Bank Champaign $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Cornerstone Bank Atlanta, GA $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Bank of America, National Association Charlotte $96, % $95, Feb Feb-1O % $95,000 Morgan Stanley CD - American Express Centurion Bank Salt Lake City, UT $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - The Huntington National Bank Columbus $96, % $95, Feb Feb-IO % $95,000 Morgan Stanley CD - Colonial Bank, N:A. Montgomery ALA $96, % $95, Apr-09 Ol-Apr-IO % $95,000 Morgan Stanley CD - Paragon Bank and Trust Holland $96, % $95, Mar Apr-IO % $95,000 Morgan Stanley CD - Royal Bank of America Narberth $96, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - Community Bank & Trust Sheboygan $96, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - The Leaders Bank Oak Brook IL $95, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - First Nations Bank Chicago IL $95, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - Midfirst Bank Oklahoma City OK $95, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - Advanta Bank Corp Draper $95, % $95, Apr Apr % $95,000 Morgan Stanley CD - Independent Bank Ionia $95, % $95, Apr Apr-IO % $95,000 Morgan Stanley CD - The National Bank of South Carolina Sumter SC $95, % $95, Apr Apr % $95,000 Morgan Stanley CD - First State Bank and Trust Company of Valdosta GA $95, % $95, Apr Apr-1O % $95,000 US Bank CD - Collateralized $1,167, % $1,155, Feb Nov % $1,155,895 US Bank CD - Collateralized $1,162, % $1,151, Feb Nov % $1,151,472 S Bank of Alameda CD - Collateralized $808, % $799, Sep Sep % $786,190 =m Total $8,855,601 $8,711, % $8,668,557 =m ' -I Grand Total $28,810,372 $28,666, % $28,618,495 I-3z >G> 0 (I) LAIF & MS are based on stated value. Stated value = the total value at maturity date trjcn- W ::>: -I OIm ON s OW. o th(qo

6 Supplemental Schedule Sources of Investments & Investment Portfolio May 31,2009 SOURCES FOR INVESTMENTS Account* Operating Funds Liabilities Balancing Account - see 3.C.43 for running balance detail Clean Future Fund Donations to AUSD Reserves Competitive Pricing Reserve Insurance Reserve Special Fund Major Contingencies Reserve Operating Contingency Reserve $9,531,892 13,475, ,067 11,216 1,423,759 1,200,000 1,000, ,000 FY 2009 Underground Fund Carryforward FY 20 I 0 Undergrounding Funding Underground Special Fund Used , ,39 0 (885,419) Net - Underground Fund Available (Deficiency) Solar PV Rebate Reserve Total Sources For Investments , ,459 $28,618,49 5 *General Ledger Balance Reserves, 5,538,561 (19%) Operating Funds, 9,531,892 (33%) Liablities, 13,559,257 (48%) ITEM 3.0 MEETING DATE: 6/15/2009 EXHIBIT B: PAGE 1 OF 1