HomeMy WebLinkAboutRTIRZ-2009-02-2009-03-30RESOLUTION NO. RTIRZ-2009-02
A RESOLUTION OF THE PEARLAND TAX REINVESTMENT ZONE #2 (TIRZ
#2), ACCEPTING THE TIRZ #2 INVESTMENT REPORT FOR THE QUARTER
ENDING SEPTEMBER 2008.
BE IT RESOLVED BY PEARLAND TIRZ #2 BOARD OF DIRECTORS:
Section 1. That the Pearland TIRZ #2 hereby accepts the Investment
Report for the quarter ending September 2008 hereto as "Exhibit "A".
PASSED, APPROVED, AND ADOPTED this 30th day of March, A.D.
2009.
-NIGEL HARRISON
TIRZ #2 CHAIRMAN
ATTEST:
MIKE'PYBUR
TIRZ#2 SECRETARY
Exhibit "A"
Resolution No. RTIRZ-2009-02
TIRZ II
Quarterly Investment Report
June 30, 2008 - September 30, 2008
Portfolio as of June 30, 2008
Beginning Book Value
Beginning Market Value
Unrealized Gain/(Loss)
Weighted Average Maturity
$ 7,927,397.43
7,927, 397.43
1 Day
Portfolio Yield
1 uav Agency Note Yield
1 Year T -Bill Yield
2.22%
2.40%
1.78%
Portfolio as of September 30, 2008
Ending Book Value
Ending Market Value
Accrued Interest Receivable
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
Weighted Average Maturity
Change in Market Value
$ 6,461,523.58
6,461,523.58
1 Day
(1,465,873.85)
This quarterly report is in compliance with the investment policy and strategy as established by the City and the Public Funds
Investment Act (Chapter 2256, Texas Government Code).
Prepared by:
Lc L�:e Y,IU,t)1
Claire Bogard
Director of Finance
Rick't ke'fga'rd
Assistant Director of Finance
TIRZ II
Summary by Type
on 09/30/2008
Description
Face Amount \ Shares
Cost Value
Book Value
Market Value
YTM @ Cost
Coupon
Days To Maturity
MM
$
3,059,999.66
$
3,059,999.66
$
3,059,999.66
$
3,059,999.66
2.22
2.22
1
Cash
3,401,523.92
3,401,523.92
3,401,523.92
3,401,523.92
2.22
2.22
1
Total/Average
$
6,461,523.58
$
6,461,523.58
$
6,461,523.58
$
6,461,523.58
2.22
2.22
1
53%
Group Portfolio Holdings
by Type
GMM ■Cash
47%
7,000,000.00
6,000,000.00
5,000,000.00
4.000.000.00
3.000.000.00
2.000.000.00
1,000,000.00
Book Value by Maturity
1 - 30 Days 31 .60 Days 61 - 90 Days 91 - 120 Days 121 . 180 Days
Interest Rates
1mo 3mo
6 mo 1 y 22(r LL 5 I r Lys 101E 2_�L Zut
3/31/2008 1.22 1.38 1.51 1.55 1.62 1.79 2.46 2.88 3.45 4.30 4.30
6/30/2008 1.60 1.90 2.17 2.36 2.63 2.91 3.34
5.50
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
6.00
5.50
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
Yield Curve Comparison
TIRZ's Portfolio YTM for Qtr 2.34%
1 Day WAM
3.61 3.99 4.59 4.53
1 mo
3 mo 6 mo
1yr 2yr 3yr 5yr 7yr 10yr 20yr 30yr
t 6/30/2006 -f- 3/31/2008
Portfolio vs. Benchmark
oeci NO � 1 Fe' - a� t .9 " oast N1 r.1 )�61pi p 3 c 0i 0 �pc�� �o` VeCi N't. pi � Fee b klOV ASa`!Ab�b
—�—Portfolio Total —a--1 Day Agency Note —+-1 Year T -Bill
TL II
Portfolio Holdings
on 09/30/2008
Description
Cusip
Portfolio Name
Face Amount/
Shares
Cost Value
Book Value
Market Value
YTM @ Cost
Purchase
Date
Maturity Date
DTM
Accrued
Interest
Portfolio
66: TIRZ II
Wells Fa Var MM
WF7843
66 TIRZ II
5 3,059,999 66
$ 3,059,999.66
$ 3,059,999 66
$ 3,059,999.66
222
0/a
10/1/2008
1
$ -
47.4%
Was Fa Var. Cash
WFSWEEP
66 TIRZ II
3,401,523.92
3,401,523.92
3.401,523 92
3,401,523.92
222
n/Li
10/1/2008
1
-
52.6
Total/Average
$ 6,461,523.58
$ 6,461,523.58
$ 6,461,523.58
$ 6,461,523.58
2.22
1
$ -
100.0%
Ti LI
Portfolio Holdings
6/30/2008 to 9/30/2008
Description
Cusip
Portfolio Name
Type
Maturity Date
YTM @ Cost
Begin Book Val
Buys
Sells
Amortized
Discount
Amortized
Premium
End Book Val
Investment
Income
Cash
Wolfs Fa Var. Cass
WFSWEEP
66; TIRZ 0
Cash
10/1/2008
2.22
$
2,262,901.30
$ 1,151,01293
$ 12,39031
$ -
$ -
$ 3,401,52392
9 19,81/.11
Total Cash
2,262,901.30
1,151,012.93
12,390.31
-
3,401,523.92
19,817.11
MM
W.IIs Fa Var. MM
WF7843
66. TIRZ II
MM
10/1/2008
2.22
5,664,496.13
23,666 25
?.628.162.72
-
-
3.059.999.66
23,666 26
Total MM
5,664,496.13
23,666.25
2,628,162.72
3,059,999.66
23,666.26
Total
2.22
S
7,927,397.43
S 1,174,679.18
S 2,640,553.03
$ -
5
S 6,461,523.58
$ 43,483.37