RDAP-2011-2 - 2011-09-12RESOLUTION NO. R2011-DAP-2
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE INVESTMENT REPORT FOR
THE QUARTERS ENDING DECEMBER 2010, MARCH 2O11 AND JUNE
2011.
BE IT RESOLVED BY THE DAP BOARD OF DIRECTORS:
Section 1. That the Board hereby accepts the Investment Report for the
Quarters ending December 2010, March 2011 and June 2011.
PASSED, APPROVED, AND ADOPTED this 12t" day of September, A.D., 2011.
TOM REID
DAP CHAIRMAN
ATTEST:
16ok-t ..
ED BAKER
DAP SECRETARY
Development Authority of Pearland
Quarterly Investment Report
September 30, 2010 - December 31, 2010
Portfolio at September 30,_2010 Portfolio at December 31, 2010
Beginning Book Value
$ 7,535,291.50
Ending Book Value
$ 4,233,072.06
Beginning Market Value
7,535,291.50
Ending Market Value
4,233,072.06
Accrued Interest Receivable
-
Accrued Interest Receivable
-
Unrealized Gain/(Loss)
-
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
(270.00)
Change in Unrealized Gain/Loss
Weighted Average Maturity
1 Day
Weighted Average Maturity
1 Day
Change in Market Value
3,315,949.65
Change in Market Value
(3,302,219.44)
Yield to Maturity at Cost
0.12%
Yield to Maturity at Cost
0.07%
T-Bill Benchmark
0.27%
T-Bill Benchmark .
0.29%
Agency Note Benchmark
0.12%
Agency Note Benchmark
0.01%
Average for Quarter
Total Rate of Return 0.09%
1 YearT-Bill Benchmark Yield 0.28%
Agency Note Benchmark Yield 0.09%
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
,3"j,
Rick'-O'lvrgakrd
Assistant Director of Finance
aAll� �- L
Fatima Uwakwe
Senior Accountant
Description Face Amount 1 Shares
MM $ 4,233,072.06 $
Total/Average S 4.233.072.06 5
Group Portfolio Holdings
by Type
•MM
Development Authority of Pearland
Summary by Type
December 31, 2010
Cost Value
4,233,072.06 $
Book Value
4,233,072.06 $
4.233.077.06 $ 4.233.072.06 $
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 Cad Cost Days to Maturity
4,233,072.06 0.09% 1
4.233.072.06 0.09% 1
Book Value by Maturity Range
0-1 Month 1-3 Months 3-6 Months 6-9 Months
Interest Rates
Date
1 rno
3 mo
0mo
1_yr
2 yr
3_y_r
5 -
7_yr
1Q,f-r
20�L
30 yr
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
12/31/2010
0.07
0.12
0.19
0.29
0.61
1.02
2.01
2.71
3.30
4.13
4.34
Yield Curve Comparison
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
1 ma 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
--1N1I2010 -s- YI7 M10
Portfolio vs. Benchmark
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50 °
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t Por"io Tmal _ i t t Y-T-il -�- Aqw" NOW
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 12/31/2010
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:
WF4258 Development 9/30/2006 N/A 0.17000 1,483,510.40 1,483,510.40 1,483,510.40 1,483,510.40
Bank MM 1 N/A 35.05
Wells Fargo WF8300
Bank MM
Wells Fargo WF8302
Bank MM
Authority
65:
Development 10/1/2006
Authority
65:
Development 9/30/2006
Authority
N/A 0.01000 13,500.38 13,500.38 13,500.38 13,500.38
N/A 0.01000 1,548,884.39 1,548,884.39 1,548,884.39 1,548,884.39
1 N/A 0.32
1 N/A 36.59
Wells Fargo 65.
Bank MM WF8301 Development 9/30/2006 N/A 0.01000 1,187,176.89 1,187,176.89 1,187,176.89 1,187,176.89 1 N/A 28.05
Authority
Sub Total / 0.06607 4,233,072.06 4,233,072.06 4,233,072.06 4,233,072.06 1 0.00 100.00
Average
Total / 0.06607 4,233,072.06 4,233,072.06 4,233,072.06 4,233,072.06 1 0.00 100
Average
Page 1 of 1
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 9/30/2010, End Date:
12/31/2010
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
MONEY MARKET
Wells Fargo Bank
WF4258
65:
Development
N/A
0.19
4,785,798.39
1,439,112.01
4,741,400.00
0.00
0.00
1,483,510.40
1,112.01
MM
Authority
Wells Fargo Bank
WF8300
65:
Development
N/A
0.01
13,500.05
0.33
0.00
0.00
0.00
13,500.38
0.33
MM
Authority
Wells Fargo Bank
WF8301
65:
Development
N/A
0.01
1,187,108.67
68.22
0.00
0.00
0.00
1,187,176.89
29.60
MM
Authority
Wells Fargo Bank
WF8302
65:
Development
N/A
0.01
1,548,884.39
25.89
25.89
0.00
0.00
1,548,884.39
25.89
MM
Authority
Sub
Total/Average
0.09
7,535,291.50
1,439,206.45
4,741,425.89
0.00
0.00
4,233,072.06
1,167.83
Money Market
Total /
0.09
7,535,291.50
1,439,206.45
4,741,425.89
0.00
0.00 4,233,072.06
1,167.83
Average
Page 1 of 1
Pledged Collateral Reconciliation Report
December 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
103,938,712.56
Wells Fargo
201-0419554
98 CO Escrow
-
Wells Fargo
807-1613395
Credit Card Account
1,053,072.09
Wells Fargo
818-4567843
Alvin ISD
5,259,089.88
Wells Fargo
001-3043112
PEDC Sales Tax
-
Wells Fargo
280-7409871
Health Claims
231,844.50
Wells Fargo
Wells Fa .40 01/28/11
Certificate of Deposit
4,000,000.00
Total of Bank Balances
$ 114,482,719.03
Pledged Collateral for City
122,693,978.03
FDIC Insurance
250,000.00
Total Collateral
$ 122,943,978.03
Over (Under) Collateralized
$ 8,461,259.00
Total % Collateralized
107.4%
Bank
Account Number
Account Name
Amount
Wells Fargo
100-7284258
Development Authority
1,483,510.40
Total of Bank Balances
$ 1,483,510.40
Pledged Collateral for DAP
2,057,670.14
FDIC Insurance
250,000.00
Total Collateral
$ 2,307,670.14
Over (Under) Collateralized
$ 824,159.74
Total % Collateralized
155.6%
Total $ Over (Under) Collateralized
$ 9,285,418.74
Total % Collateralized
108.0%
Status Collateralized