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SECRETARY
Development Authority of Pearland
Quarterly Investment Report
March 31, 2010 - June 30, 2010
Portfolio at March 31, 2010
Portfolio at June 30, 2010
Beginning Book Value
$ 4,215,685.80
Ending Book Value
$ 4,217,671.85
Beginning Market Value
4,215,685.80
Ending Market Value
4,217,941.85
Accrued Interest Receivable
-
Accrued Interest Receivable
-
Unrealized Gain/(Loss)
-
Unrealized Gain/(Loss)
270.00
Change in Unrealized Gain/Loss
-
Change in Unrealized Gain/Loss
270.00
Weighted Average Maturity
1 Day
Weighted Average Maturity
21 Days
Change in Market Value
(5,340,83)
Change in Market Value
2,256.05
Yield to Maturity at Cost
0.10%
Yield to Maturity at Cost
0,24%
T-Bill Benchmark
0.41%
T-Bill Benchmark
0.32%
Agency Note Benchmark
0.18%
Agency Note Benchmark
0.25%
Average for Quarter
Total Rate of Return 0.18%
1 Year T-Bill Benchmark Yield 0.38%
Agency Note Benchmark Yield 0.20%
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
Director of Finance
,j j
Rick a ar
Assistant Director of Finance
Fatima Uwakwe
Senior Accountant
Development Authority of Pearland
Summary by Type
June 30, 2010
Description
Face Amount 1 Shares
Cost Value
Book Value
Market Value YTM 63 Cost Days to Maturity
MM
$ 2,718,091.85 $
2,718,091.85 $
2,718,091.85 $
2,718,091.85 0.27 1
FHLB
1,500,000.00
1,498,965.00
1,499,580.00
1,499,850.00 0.18 56
Total/Average
$ 4.218.091.85 $
4.217.056.85 $
4,217,671.85 $
4,217,941.85 0.24 21
Group Portfolio Holdings
by Type
64 %
•MM ■FMIB
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 Rates
Date 1 mo 3 mo 6_mo 1 Vr 2 yr 3 yr 5 yr 7 yr 10 yr 2Qyr 30 yr
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
6/30/2010 0.17 0.18 0.22 0.32 0.61 1.00 1.79 2.42 2.97 3.74 3.91
Yield Curve Comparison
5.00
4.50
4.00
3.50
3.00
2.5D OAP's Portfolio Retum .18%
21 Dey WAM
2.00
1.50
1.00
t
0.50
0.00
1 mo 3 mo 6 ma 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
-+- 600Q010 - 6-- 301=0
Portfolio vs. Benchmark
5.00 _
4.50 i
4.00 f _
i
i
3.50
3.00
2.50
I
2.00
1.50
1111
1.00..
0.50 _-
naao
pc d�� S �}r `M" APB �" S ` ��il� .�0� A �C 'M 1 P�M S� � �9 db O-V �C, A �M S NO NQ No
a e o Sa Q o o eo a e a a`t on o eQ e a e
-a-Pankm TOW 1 Yam T-0111 Agency Note
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 3/31/2010, End Date: 6/30/2010
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
FHLB BOND
65:
FHLB
FHLB 0
31338SD37 Development 8/25/2010
0.18
0,00
1,498,965.00
0.00
615.00
0.00
1,499,580.00
615.00
010 Authority
Sub
Total/Average
0.18
0.00
1,498,965.00
0.00
615.00
0.00
1,499,580.00
615.00
FHLB Bond
MONEY MARKET
Wells Fargo Bank 65:
WF4258 Development N/A
0.20
2,666,601.41
3,659,613.74
3,6S8,260.00
0.00
0.00
Z,667,955.15
1,353.7a
MM Authority
Wells Fargo Bank 65.
WF8301 Development N/A
0.00
200.00
17.31
0.00
0.00
0.00
217.31
0.00
MM Authority
65.
MM WF8302 Development N/A 0.04 1,548,884.39 17.28 1,498,982.28 0.00 0.00 49,919.39 17.28
Wells Fargo Bank
Authority _
Sub
Total/Average 0.19 4,215,685.80 3,659,648.33 5,157,242.28 0.00 0.00 2,718,091.85 1,371.02
Money Market
Total / 0.18 4,215,685.80 5,158,613.33 5,157,242.28 615.00 0.00 4,217,671.85 1,986.02
Average
Page I of I
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 6/30/2010
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
FHLB Bond
FHLB 0
FHLB
31338SD37
65:
Development
1,500,000.00
1,498,965.00
1,499,580.00
1,499,850.00
0.18263
N/A
8/25/2010
56
0.00
35.56
010
Authority
Sub Total /
1,500,000.00
1,498,965.00
1,499,580.00
1,499,850.00
0.18263
56
0.00
35.56
Average
Money Market
Wells Fargo
WF4258
65:
Development
2,667,955.15
2,667,95S.15
2,667,955.15
2,667,955.15
D.27000
N/A
N/A
1
N/A
63.25
Bank MM
Authority
Wells Fargo
WF8302
65:
Development
49,919.39
49,919.39
49,919.39
49,919.39
0,01000
N/A
N/A
1
N/A
1.18
Bank MM
Authority
Wells Fargo
WF8301
65:
Development
217.31
217.31
217.31
217.31
0.01000
N/A
N/A
i
N/A
0.01
Bank MM
Authority
Sub Total /
2,718,091.85
2,718,091.85
2,718,091.85
2,718,091.85
0.26520
1
0.00
64.44
Average
4,218,091.85 4,217,056.85
4,217,671.85
4,217,941.85
0.23584
21
0.00
100
Total /
Average
Page 1 of 1
City of Pearland
City of Pearland - by Fund
Report Format: By Transaction
Group By: Portfolio Name
Portfolio/Report Group: 65: Development Authority
As of 6/30/2010
Security
Settlement
Face
Amount/Shares
Book Value
Market Value
YTM @
Cost
Maturity
Date
Days To
Maturity
% of
Portfolio
Description
CU5IP/Ticker
Type
Date
-------
65: Development Authority
FHLB 0 8/25/2010
313385D37
FHLB Bond
4/9/2010
1,500,000.00
1,499,580.00
1,499,850.00
0.18263
8/25/2010
S6
35.56
Wells Fargo Bank
WF4258
Money
9/30/2006
2,667,955.15
2,667,955.15
2,667,955.15
0.27000
N/A
1
63.25
MM
Market
Wells Fargo Bank
WF8302
Money
9/30/2006
49,919.39
49,919.39
49,919.39
0.01000
N/A
1
1.18
MM
Market
Wells Fargo Bank
WF8301
Money
9/30/2006
217.31
217.31
217.31
0.01000
N/A
1
0.01
MM
Market
Sub Total /
4,218,091.85
4,217,671.85
4,217,941.85
0.23584
21
100.00
Average
4,218,091.85 4,217,671.85
4,217,941.85
�0.23584
21
100
Tota{ /Average
Page 1 of 1
Pledged Collateral Reconciliation Report
June 30, 2010
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating
S
-
Wells Fargo
201-0419513
Payroll Fund
-
Wells Fargo
001-3042841
Sweep Account
104,085,233.36
Wells Fargo
201-0419554
98 CO Escrow
Wells Fargo
807-1613395
Credit Card Account
2,104,675,45
Wells Fargo
818-4567843
Alvin ISD
8,596,270.79
Wells Fargo
001-30431112
PEDC Sales Tax
-
Wells Fargo
Wells Fa 1.50 07/24/10
Certificate of Deposit
1,000,000,00
Wells Fargo
Wells Fa 1.53 01/27/10
Certificate of Deposit
4,000,000.00
Total of Bank Balances
$
119,786,179.60
Pledged Collateral for City
129,995,189.69
FDIC Insurance
250,000.00
Total Collateral
$
130,245,189.69
Over (Under) Collateralized
$
10,459,010.09
Total % Collateralized
108.7%
Bank
Account Number
Account Name
Amount
Wells Fargo
100-7284258
Development Authority
2,667,955.15
Total of Bank Balances
$
2,667,955.15
Pledged Collateral for DAP
2,936,166.84
FDIC Insurance
250,000.00
Total Collateral
S
3,186,166.84
Over (Under) Collateralized
$
518,211.69
Total % Collateralized
119.4%
Bank
Account Number
Account Name
Amount
Pearland State
13249
Certificate of Deposit
1,000,000.00
Pearland State
12847
Certificate of Deposit
$
-
Total of Bank Balances $ 1,000,000.00
Pledged Collateral 2,825,195,81
FDIC Insurance 250,000.00
Total Collateral $ 3,075,195.81
Over (Under) Collateralized $ 2,075,195.81
Total % Collateralized 307.5%
Total $ Over (Under) Collateralized $ 13,052,417.59
Total % Collateralized 110.6%
Status Collateralized
Development Authority of Pearland
Quarterly Investment Report
June 30, 2010 - September 30, 2010
Portfolio at June 30, 2010
Portfolio at September 30, 2010
Beginning Book Value
$ 4,217,671.85
Ending Book Value
$ 7,533,891.50
Beginning Market Value
4,217,941.85
Ending Market Value
7,533,891.50
Accrued Interest Receivable
-
Accrued Interest Receivable
Unrealized Gain/(Loss)
270.00
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
270.00
Change in Unrealized Gain/Loss
(270.00)
Weighted Average Maturity
21 Days
Weighted Average Maturity
1 Day
Change in Market Value
2,256.05
Change in Market Value
3,315,949.65
Yield to Maturity at Cost
0.24%
Yield to Maturity at Cost
0.12%
T-Bill Benchmark
0.32%
T-Bill Benchmark
0.27%
Agency Note Benchmark
0.25%
Agency Note Benchmark
0.12%
Average for Quarter
Total Rate of Return 0.16%
1 Year T-Bill Benchmark Yield 0.27%
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: -^-�
1 Lit. -
Claire Bogard Ric verg rd Fatima Uwakwe
Director of Finance Assista t Director of Finance Senior Accountant
Description Face Amount 1 Shares
MM $ 7,533,891.50 $
Total/Average S 7,533,891.50 S
Group Portfolio Holdings
by Type
■MM
Development Authority of Pearland
Summary by Type
September 30, 2010
Cost Value
7,533,891.50 $
7.533.891.50 S
Book Value
7,533,891.50 $
7.533.891.50 $
8,000,000.00
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
0.00
Market Value YTM (c-b Cost Days to Maturity
7,533,891.50 0.12 1
7.533.891.50 0.12 1
Book Value by Maturity Range
0-1 Month 1-3 Months 3-6 Months 6-9 Months
Interest Rates
Date 1 mo am 6 mo Ir 2-W 3 yr 5r 77r 10 yr 20 yr 30 yr
6/30/2010 0.17 0.18 0.22 0.32 0.61 1.00 1.79 2.42 2.97 3.74 3.91
9/30/2010 0.14 0.16 0.19 0.27 0.42 0.64 1.27 1.91 2.53 3.38 3.69
Yield Curve Comparison
4.50
4.00 I(j
3.50
3.00
2.50 DAP's Portfolio Return .16%
2.00 1 Day WAM
1.50
1.00
0.50
0.00
1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
-.---tlrsormto twaorzoie �
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
Portfolio vs. Benchmark
,Oa9"NI) "Na .NQ� 2N13 "N �P e�� "Q13 "
)�
---�- Porttolb Total -�-- 1 Ymr T-BIII Agency Nole
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 6/30/2010, End Date: 9/30/2010
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
FHLB BOND
FHLB 0
313385D37
65:
Development
8/25/2010
0.19
1,499,580.00
0.00
1,500,000.00
420.00
0.00
0.00
420.00
8/25/2010
Authority
Sub
Total/Average
0.19
1,499,580.00
0.00
1,500,000.00
420.00
0.00
0.00
420.00
FHLB Bond
MONEY MARKET
Wells Fargo Bank
WF4258
65:
Development
N/A
0.22
2,667,955.15
11,038,7�13.41
8,922,300.17
0.00
0.00
4,784,398.39
2,034.75
MM
Authority
Wells Fargo Bank
WF8300
65:
Development
N/A
0.00
0.00
8,915,868.67
8,902,368.62
0.00
0.00
13,500.05
0.05
MM
Authority
Wells Fargo Bank
WF8301
65:
Development
N/A
0.01
217.31
4,166,521.38
2,979,630.02
0.00
0.00
1,187,108.67
15.98
MM
Authority
Wells Fargo Bank
WF8302
65:
Development
N/A
0.06
49,919.39
1,500,004.13
1,039.13
0.00
0.00
1,548,884.39
94.Z0
MM
Authority
Sub
Total/Average
0.16
2,718,091.85
25,621,137.59
20,805,337.94
0.00
0.00
7,533,891.50
2,144.98
Money Market
Total /
0.16
4,217,671.85
25,621,137.59
22,305,337.94
420.00
0.00
7,533,891.50
2,564.98
Average
Page 1 of l
City of Pearland
City of Pearland - By Security Type
Report Format: By Transaction
Group By: Security Type
Portfolio/Report Group: 65, Development Authority
As of 9/30/2010
Portfolio Settlement Maturity YTM @ Face Days To Accrued % of
Description CUSIP/Ticker Name Date Date Cost Amount/Shares Cost Value Book Value Market Value Maturity Interest Portfolio
Money Market
Wells Fargo 65:
Bank MM WF4258 Development 9/30/2006 N/A 0.19000 4,784,398.39 4,784,398.39 4,784,398.39 4,784,398.39 1 N/A 63.51
Wells Fargo WF8300
Bank MM
Wells Fargo WF8302
Bank MM
Authority
65:
Development 10/1/2006
Authority
65:
Development 9/30/2006
Authority
65:
N/A 0.01000 13,500.05 13,500.05 13,500.05 13,500.05
N/A 0.01000 1,548,884.39 1,548,884.39 1,548,884.39 1,548,884.39
1 N/A 0.18
1 N/A 20.56
Wells Fargo WF8301 Development 9/30/2006 N/A 0.01000 1,187,108.67 1,187,108.67 1,187,108.67 1,187,108.67 1 N/A iS.76
Bank MM Authority
Sub Total / 0.12431 7,533,891.50 7,533,891.50 7,533,891.50 7,533,891.50 1 0.00 100.00
Average
Total / 0.12431 7,533,891.50 7,533,891.50 7,533,891.50 7,533,891.50 1 0.00 100
Average
Page l of 1
City of Pearland
City of Pearland - by Fund
Report Format: By Transaction
Group By: Portfolio Name
Portfolio/Report Group: 65: Development
Authority
As of 9/30/2010
Description CUSIP/Ticker
Security
Type
Settlement
Date
Face
Amount/Shares
Book Value
Market Value
YTM @
Cost
Maturity
Date
Days To
Maturity
% of
Portfolio
65: Development Authority
Wells Fargo Bank WF4258
Money Market
9/30/2006
4,784,398.39
4,784,398.39
4,784,398.39
0.19000
N/A
1
63.51
MM
Wells Fargo Bank WF8300
Money Market
10/1/2006
13,500.05
13,500.05
13,500.05
0.01000
N/A
1
0.18
MM
Wells Fargo Bank WF8302
Money Market
9/30/2006
1,548,884.39
1,548,884.39
1,548,884.39
0.01000
N/A
1
20.56
MM
Wells Fargo Bank WF8301
Money Market
9/30/2006
1,187,108.67
1,187,108.67
1,187,108.67
0.01000
N/A
1
15.76
MM
Sub Total /
7,533,891.50
7,533,891.50
7,533,891.50
0.12431
1
100.00
Average
7,533,891.50 7,533,891.50
7,533,891.50
0.12431
1
100
Total / Average
Page 1 of 1
Pledged Collateral Reconciliation Report
September 30, 2010
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating
$
-
Wells Fargo
201-0419513
Payroll Fund
-
Wells Fargo
001-3042841
Sweep Account
74,394,101.33
Wells Fargo
201-0419554
98 CO Escrow
-
Wells Fargo
807-1613395
Credit Card Account
5,065,831.82
Wells Fargo
818-4567843
Alvin ISO
5,130,026.62
Wells Fargo
001-3043112
PEDC Sales Tax
Wells Fargo
Wells Fa .40 01/28/11
Certificate of Deposit
4,000,000.00
Total of Bank Balances
$
88,589,959.77
Pledged Collateral for City
119,085,786,40
FDIC Insurance
250,000.00
Total Collateral
$
119,335,786.40
Over (Under) Collateralized
$
30,745,826.63
Total % Collateralized
134.7%
Bank
Account Number
Account Name
Amount
Wells Fargo
100-7284258
Development Authority
4,785,798.39
Total of Bank Balances
$
4,785,798.39
Pledged Collateral for DAP
8,866,429.40
FDIC Insurance
250,000.00
Total Collateral
$
9,116,429.40
Over (Under) Collateralized
$
4,330,631.01
Total % Collateralized
190.5%
Total $ Over (Under) Collateralized
$
35,076,457.64
Total % Collateralized
137.6%
Status
Collateralized