RDAP-2010-02 - 2010-05-03RESOLUTION NO. RDAP-2010-2
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE INVESTMENT REPORT FOR
THE QUARTERS ENDING DECEMBER 2009 AND MARCH 2O10.
BE IT RESOLVED BY THE DAP BOARD OF DIRECTORS:
Section 1. That the Board hereby accepts the Investment Reports for the
Quarter ending December 2009 and March 2010.
PASSED, APPROVED, AND ADOPTED this 3`d day of May, A.D., 2010.
REID
DAP CHAIRMAN
ATTEST:
— e�Q
ED BAKER
DAP SECRETARY
Development Authority of Pearland
Quarterly Investment Report
September 30, 2009 - December 31, 2009
Portfolio at September 30, 2009
Portfolio at December 31, 2009
Beginning Book Value
$ 4,672,646.08
Ending Book Value
$ 4,221,026.63
Beginning Market Value
4,672,646.08
Ending Market Value
4,221,026.63
Accrued Interest Receivable
14,856.99
Accrued Interest Receivable
53.01
Unrealized Gain/(Loss)
-
Unrealized Gain/(loss)
-
Change in Unrealized Gain/Loss
Change in Unrealized Gain/Loss
Weighted Average Maturity
27 Days
Weighted Average Maturity
5 Days
Change in Market Value
(46,666.27)
Change in Market Value
(451,619.45)
Yield to Maturity at Cost
0.57%
Yield to Maturity at Cost
0.16%
T-Bill Benchmark
0.40%
T-Bill Benchmark
0.47%
Agency Note Benchmark
0.21%
Agency Note Benchmark
o
0.15 /o
Average for Quarter
Total Rate of Return 0.39%
1 Year T-Bill Benchmark Yield 0.39%
Agency Note Benchmark Yield 0.17%
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:
Claire Bogard Rick erg and Fatima Uwakwe
Director of Finance Assistant Director of Finance Senior Accountant
Description
MM $
CASH
CD
Face Amount % Shares
3,923,526.63 $
(2,500.00)
300,000.00
Development Authority of Pearland
Summary by Type
December 31, 2009
Cost Value
3,923,526.63 $
(2,500.00)
300,000.00
Book Value
3,923,526.63 $
(2,500.00)
300,000.00
Total/Average $ 4,221,026.63 $ 4,221,026.63 $ 4,221,026.63 $
Group Portfolio Holdings
by Type
'71Y
■ MM M CASH m CD
4,500,000.00
4.000.000.00
3,500,000.00
3,000,000.00
2,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
500, 000.00
0.00
Market Value YTM 0 Cost Days to Maturit
3,923,526.63
0.12
1
(2,500.00)
0.17
1
300,000.00
0.72
53
4,221,026.63
0.16
5
Book Value by Maturity Range
0-1 Month 1-3 Months 3-6 Months 6-9 Months
Date
1 MO
3 mo
6mo
ly-r
�rVJ• I\Y�\rJ
2vr
3 yr
5 yr
7 vr
10 yr
20 yr
NIT
9/30/2009
0.06
0.14
0.18
0.40
0.95
1.45
2.31
2.93
3.31
4.02
4.03
12/31/2009
0.04
0.06
0.20
0.47
1.14
1.70
2.69
3.39
3.85
4.58
4.63
Yield Curve Comparison
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 9/30/2009, End Date: 12/31/2009
Portfolio Maturity Annualized Amortized Amortized Investment
Description CUSIP/Ticker Name Date TRR-BV Beginning BV Buy Principal Sell Principal Discount Premium Ending BV Income-BV
CASH
Wells Fargo Sweep 65:
Cash WFSWEEP Development N/A 0.00 0.00 0.00 2,500.00 0.00 0.00-2,500.00 0.00
Authority
Sub
Total/Average
0.00
0.00
0.00
2,500.00
0.00
0.00
-2,500.00
0.00
Cash
CERTIFICATE OF DEPOSIT
Citizens Bank 0.75
65:
2/22/2010
173702E36
Development
2/22/2010
0.76
100,000.00
0.00
0.00
0.00
0.00
100,000.00
189.03
Authority
First Southern
65:
Bank 0.75
33648CBB7
Development
2/22/2010
0.76
100,000.00
0.00
0.00
0.00
0.00
100,000.00
189.03
2/22/2010
Authority
First Trust Bank
33732NBF1
65:
Development
2/22/2010
0.66
100,000.00
0.00
0.00
0.00
0.00
100,000.00
163.83
0.65 2/22/2010
Authority
Wells Fargo 1.16
CD9450913844
65:
Development
11/9/2009
1.22
2,000,000.00
0.00
2,000,000.00
0.00
0.00
0.00
2,542.47
11/9/2009
Authority
Sub
Total/Average
1.09
2,300,000.00
0.00
2,000,000.00
0.00
0.00
300,000.00
3,084.36
Certificate Of
Deposit
MONEY MARKET
Wells Fargo Bank
WF4258
65:
Development
N/A
0.17
1,123,068.83
6,063,334.52
4,513,310.91
0.00
0.00
2,673,092.44
906.98
MM
Authority
Wells Fargo Bank
65:
MM
WF8300
Development
N/A
0.00
0.71
0.00
0.00
0.00
0.00
0.71
0.00
Authority
Wells Fargo Bank
WF8301
65:
Development
N/A
0.10
509.54
862.85
0.00
0.00
0.00
1,372.39
0.22
MM
Authority
Page 1 of 2
ruluuuu rnar.unay Annuanzeu Amortizeo AmOrtrzea Investment,
Description CUSIP/Ticker Name Date TRR-BV Beginning BV Buy Principal Sell Principal Discount Premium Ending BV Income-BV
Wells Fargo Bank 65:
MM WF8302 Development N/A 0.10 1,249,067.00 492.71 498.62 0.00 0.00 1,249,061.09 316.01
Authority
Sub
Total/Average 0.15 2,372,646.08 6,064,690.08 4,513,809.53 0.00 0.00 3,923,526.63 1,223.21
Money Market
Total / Average 0.39 4,672,646.08 6,064,690.08 6,516,309.53 0.00 0.00 4,221,026.63 4,307.57
Page 2 ui 2
City of Pearland
City of Pearland - By Security Type
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
As of 12/31/2009
Portfolio
Face
YTM @
Settlement
Maturity
Days To
Accrued
% of
Description
CUSIP/Ticker
Name
Amount/Shares
Cost Value
Book Value
Market Value
Cost
Date
Date
Maturity
Interest
Portfolio
Cash
Wells Fargo
65:
Sweep Cash
WFSWEEP
Development
-2,500.00
-2,500.00
-2,500.00
-2,500.00
0.17000
N/A
N/A
1
N/A
-0.06
Authority
Sub Total /
Average
-2,500.00
-2,500.00
-2,500.00
-2,500.00
0.17000
1
0.00
-0.06
Certificate Of Deposit
Citizens Bank
65:
0.75
173702EJ6
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A
2/22/2010
53
18.49
2.37
2/22/2010
Authority
First
65:
Southern
Bank 0.75
33648CBB7
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A
2/22/2010
53
18.49
2.37
2/22/2010
Authority
First Trust
65:
Bank 0.65
33732NBF1
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.65000
N/A
2/22/2010
53
16.0'1
2/22/2010
Authority
Sub Total /
Average
300,000.00
300,000.00
300,000.00
300,000.00
0.71667
53
53.01
7.11
Money Market
Wells Fargo
Bank MM
WF4258
65:
Development
2,673,092.44
2,673,092.44
2,673,092.44
2,673,092.44
0.17000
N/A
N/A
1
N/A
63.33
Authority
Wells Fargo
WF8300
65:
Development
0.71
0.71
0.71
0.71
0.01000
N/A
N/A
1
N/A
0.00
Bank MM
Authority
Wells Fargo
65:
Bank MM
WF8302
Development
1,249,061.09
1,249,061.09
1,249,061.09
1,249,061.09
0.01000
N/A
N/A
1
N/A
29.59
Authority
Wells Fargo
65:
Bank MM
WF8301
Development
1,372.39
1,372.39
1,372.39
1,372.39
0.01000
N/A
N/A
1
N/A
0.03
Authority
Sub Total /
Average
3,923,526.63
3,923,526.63
3,923,526.63
3,923,526.63
0.11901
1
0.00
92.95
Page 1 of 2
VUJ LIUIIU rats T 1 M %v bettlement Maturity Uays 10 Accrued 1/0 or
Description CUSIP/Ticker Name Amount/Shares Cost Value Book Value Market Value Cost Date Date Maturity Interest Portfolio
Total / 4,221,026.63 4,221,026.63 4,221,026.63 4,221,026.63 0.16146 5 53.01 100
Average
Page 2 of
Pledged Collateral Reconciliation Report
December 31, 2009
Bank
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Account Number
Account Name
Amount
201-0419505
Operating
$ -
201-0419513
Payroll Fund
001-3042841
Sweep Account
131,726,001.70
201-0419554
98 CO Escrow
807-1613395
Credit Card Account
6,674,173.67
818-4567843
Alvin ISD
3,743,417.90
001-3043112
PEDC Sales Tax
-
Wells Fa 1.25 05/15/10
Certificate of Deposit
6,000,000.00
Wells Fa 1.53 01/27/10
Certificate of Deposit
4,000,000.00
Bank
Account Number
Wells Fargo
100-7284258
Wells Fargo
16798300
Wells Fargo
16798301
Wells Fargo
16798302
Citizens Bank
173702EJ6
First Southern
33648CBB7
First Trust
33732NBF1
Bank Account Number
Pearland State 13249
Pearland State 12847
Total of Bank Balances
$ 152,143,593.27
Pledged Collateral for City
170,440,908.82
FDIC Insurance
250,000.00
Total Collateral
$ 170,690,908.82
Over (Under) Collateralized
$ 18,547,315.55
Total % Collateralized
112.2%
Account Name
Amount
Development Authority
2,673,092.44
Development Authority
0.71
Development Authority
1,372.39
Development Authority
1,249,061.09
Development Authority - CD
100,000.00
Development Authority - CD
100,000.00
Development Authority - CD
100,000.00
Total of Bank Balances
$ 4,223,526.63
Pledged Collateral for DAP
7,549,046,83
FDIC Insurance (4 Banks x $250,000)
1,000,000.00
Total Collateral
$ 8,549,046.83
Over (Under) Collateralized
$ 4,325,520.20
Total % Collateralized
202.4%
Account Name
Amount
Certificate of Deposit
1,000,000.00
Certificate of Deposit
$ -
Total of Bank Balances $ 1 ,uuu,uuu.uu
Pledged Collateral 2,955,153 27
FDIC Insurance 250,000.00
Total Collateral $ 3,205,153.27
Over (Under) Collateralized $ 2,205,153.27
Total % Collateralized 320.5%
Total $ Over (Under) Collateralized $ 25,077,989.02
Total % Collateralized 115.9%
I Ni--tmontetln—t—t R?nnrt - nAP - Otr 1209
Status Collateralized
Development Authority of Pearland
Quarterly Investment Report
December 31, 2009 - March 31, 2010
Portfolio at December 31, 2009
Portfolio at March 31, 2010
Beginning Book Value
$ 4,221,026.63
Ending Book Value
$ 4,215,685.80
Beginning Market Value
4,221,026.63
Ending Market Value
4,215,685.80
Accrued Interest Receivable
53.01
Accrued Interest Receivable
-
Unrealized Gain/(Loss)
-
Unrealized Gain/(Loss)
-
Change in Unrealized Gain/Loss
-
Change in Unrealized Gain/Loss
Weighted Average Maturity
5 Days
Weighted Average Maturity
1 Days
Change in Market Value
(451,619.45)
Change in Market Value
(5,340.83)
Yield to Maturity at Cost
0.16%
Yield to Maturity at Cost
0.10%
T-Bill Benchmark
0.47%
T-Bill Benchmark
0.41%
Agency Note Benchmark
0.15%
Agency Note Benchmark
0.18%
Average for Quarter
Total Rate of Return 0.13%
1 Year T-Bill Benchmark Yield 0.37%
Agency Note Benchmark Yield 0.16%
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:
um�CuD�L "�
Claire Bogard Rick 0 erga rd Fatim Uwakwe
Director of Finance Assistant Director of Finance Senior Accountant
Description Face Amount 1 Shares
MM $ 4,215,685.80 $
Total/Average $ 4,215,685.80 $
Group Portfolio Holdings
by Type
n9e
■MM ■
Development Authority of Pearland
Summary by Type
March 31, 2010
Cost Value
4,215,685.80 $
4,215,685.80 $
Book Value Market Value YTM (a Cost Days to Maturitv
4,215,685.80 $ 4,215,685.80 0.10 1
4,215,685.80 $ 4,215,685.80 0.10 1
4,500,000.00
4.000.000.00
3,500,000.00
3,000,000.00
2,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
500,000.00
0.00
Book Value by Maturity Range
0-1 Month 1-3 Months 3-6 Months 6-9 Months
interest Kates
Date 1 mo 3 mo 6 mo 11r 2r 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
12/31/2009 0.04 0.06 0.20 0.47 1.14 1.70 2.69 3.39 3.85 4.58 4.63
3/31/2010 0.15 0.16 0.24 0.41 1.02 1.60 2.55 3.28 3.84 4.55 4.72
Yield Curve Comparison
Portfolio vs. Benchmark
5-00
,.
4.50
4.00
3.503.00
r `1
2.50
2.00
1.50 _
1.00
0.50 --f
po�NoOe°A2Oe PQOa�O-b A$'Pb�"Oe(�"pzjo.0a Fe da� pp�da�l'�9 �"po��o`tQeo�a Fe'o"Na�"113
t Portfolio Total -a- 1 Year T-Bill Agency Note
City of Pearland
City of Pearland - By Security Type
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
As of 3/31/2010
Portfolio
Face
YTM @
Settlement
Maturity
Days To
Accrued
% of
Description CUSIP/Ticker
Name
Amount/Shares
Cost Value
Book Value
Market Value
Cost
Date
Date
Maturity
Interest
Portfolio
Money Market
65:
Wells Fargo
WF4258
Development
2,666,601.41
2,666,601.41
2,666,601.41
2,666,601.41
0.15000
N/A
N/A
1
N/A
63.25
Bank MM
Authority
65:
Wells Fargo
WF8302
Development
1,548,884.39
1,548,884.39
1,548,884.39
1,548,884.39
0.01000
N/A
N/A
1
N/A
36.74
Bank MM
Authority
65:
Wells Fargo
WF8301
Development
200.00
200.00
200.00
200.00
0.01000
N/A
N/A
1
N/A
0.00
Bank MM
Authority
Sub Total /
4,215,685.80
4,215,685.80
4,215,685.80
4,215,685.80
0.09856
1
0.00
100.00
Average
Total /
4,215,685.80
4,215,685.80
4,215,685.80
4,215,685.80
0.09856
1
0.00
100
Average
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 12/31/2009, End Date:
3/31/2010
Portfolio
Maturity
Annualized
Amortized
Amortized
Investment
Description CUSIP/Ticker
Name
Date
TRR-BV
Beginning BV
Buy Principal
Sell Principal
Discount
Premium
Ending BV
Income-BV
CASH
Wells Fargo WFSWEEP
65:
Development
N/A
0.00
-2,500.00
2,500.00
0.00
0.00
0.00
0.00
0.00
Sweep Cash
Authority
Sub
Total/Average
0.00
-2,500.00
2,500.00
0.00
0.00
0.00
0.00
0.00
Cash
CERTIFICATE OF DEPOSIT
Citizens Bank
EJ
1737026
65:
Development
2/22/2010
0.77
100,000.00
0.00
500,000.00
0.00
0.00
0.00
110.96
0.75 2/22/2010
Authority
First Southern
Bank 0.75 33648CBB7
65:
Development
2/22/2010
0.77
100,000.00
0.00
100,000.00
0.00
0.00
0.00
110.96
2/22/2010
Authority
First Trust Bank
33732NBF1
65:
Development
2/22/2010
0.67
100,000.00
0.00
100,000.00
0.00
0.00
0.00
96.17
0.65 2/22/2010
Authority
Sub
Total/Average
0.74
300,000.00
0.00
300,000.00
0.00
0.00
0.00
318.09
Certificate Of
Deposit
MONEY MARKET
Wells Fargo Bank
WF4258
65:
Development
N/A
0.16
2,673,092.44
1,218,935.93
1,225,426.96
0.00
0.00
2,666,601.41
1,059.57
MM
Authority
Wells Fargo Bank
WF8300
65:
Development
N/A
0.00
0.71
0.00
0.71
0.00
0.00
0.00
0.00
MM
Authority
Wells Fargo Bank
WF8301
65:
Development
N/A
0.01
1,372.39
1,218,457.65
1,219,630.04
0.00
0.00
200.00
1.37
MM
Authority
Wells Fargo Bank
WF8302
65:
Development
N/A
0.01
1,249,001.09
300,021.22
197.92
0.00
0.00
1,548,884.39
21.22
MM
Authority
pnor• 1 of")
Portfolio
Description CUSIP/Ticker Name
Maturity Annualized Amortized Amortized Investment
Date TRR-BV Beginning BV Buy Principal Sell Principal Discount Premium Ending BV Income-BV
:>uD
Total/Average
Money Market
0.11 3,923,526.63 2,737,414.80 2,445,255.63 0.00 0.00 4,215,685.80 1,082.16
Total / 0.13 4,221,026.63 2,739,914.80 2,745,255.63 0.00 0.00 4,215,685.80 1,400.25
Average
I
Pledged Collateral Reconciliation Report
March 31, 2010
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating
$ -
Wells Fargo
201-0419513
Payroll Fund
-
Wells Fargo
001-3042841
Sweep Account
107,104,691.79
Wells Fargo
201-0419554
98 CO Escrow
-
Wells Fargo
807-1613395
Credit Card Account
9,353,867.37
Wells Fargo
818-4567843
Alvin ISD
6,000,661.91
Wells Fargo
001-3043112
PEDC Sales Tax
-
Wells Fargo
Wells Fa 1.25 05/15/10
Certificate of Deposit
6,000,000.00
Wells Fargo
Wells Fa 1.53 01/27/10
Certificate of Deposit
4,000,000.00
Bank
Account Number
Wells Fargo
100-7284258
Wells Fargo
16798300
Wells Fargo
16798301
Wells Fargo
16798302
Bank Account Number
Pearland State 13249
Pearland State 12847
Total of Bank Balances $ 132,459,221.07
Pledged Collateral for City 157,908,677.27
FDIC Insurance 250,000.00
Total Collateral $ 158,158,677.27
Over (Under) Collateralized $ 25,699,456.20
Total % Collateralized 119.4%
Account Name Amount
Development Authority 2,669,401.41
Development Authority -
Development Authority 200.03
Development Authority 1,548,884.39
Total of Bank Balances $ 4,218,485.83
Pledged Collateral for DAP 4,294,925.60
FDIC Insurance 250,000.00
Total Collateral S 4,544,925.60
Over (Under) Collateralized $ 326,439.77
Total % Collateralized 107.7%
Account Name Amount
Certificate of Deposit 1,000,000.00
Certificate of Deposit S -
Total of Bank Balances $ 1,000,000.00
Pledged Collateral 2,865,499.82
FDIC Insurance 250,000.00
Total Collateral $ 3,115,499.82
Over (Under) Collateralized $ 2,115,499.82
Total % Collateralized 311.5%
Total $ Over (Under) Collateralized $ 28,141,395.79
Total % Collateralized 120.4%
I.1lnvestments\Investment Report' City - Qtr 0310
Status Collateralized