RDAP-2012-03 - 2012-02-20A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE 2011 ANNUAL FINANCIAL
REPORT FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2011.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Development Authority of Pearland, TX hereby
accepts the Fiscal Year 2011 Annual Financial Report as prepared by the
accounting firm of Null-Lairson, L.L.P..
PASSED, APPROVED, AND ADOPTED this 20th day of February, A.D
2012.
O ■ _ ETA
ATTEST:
Development Authority of Pearland
Quarterly Investment Report
June 30, 2011- September 30, 2011
Period 14
Portfolio at June 30, 2011
Portfolio at September
30, 2011
Ending Book Value
$ 3,028,990.64
Ending Book Value
$ 5,391,021.56
Ending Market Value
3,028,990.64
Ending Market Value
5,391,021.56
Accrued Interest Receivable
Accrued Interest Receivable
Unrealized Gain/(Loss)
Unrealized Gain/(loss)
Change in Unrealized Gain/Loss
Change in Unrealized Gain/Loss
Weighted Average Maturity
1 Day
Weighted Average Maturity
1 Day
Change in Market Value
(2,015.95)
Change in Market Value
2,362,030.92
Yield to Maturity at Cost
0.05%
Yield to Maturity at Cost
0.05%
T-Bill Benchmark
0.19%
T-Bill Benchmark
0.13%
Agency Note Benchmark
0.01%
Agency Note Benchmark
0.01%
Average
for Quarter
Total Rate of Return
0.04%
1 Year T-Bill Benchmark Yield
0.15%
Agency Note Benchmark Yield
0.01%
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:
Nk, IUOL L & ,J
Claire Bogard Rick a as d Fatima Uwakwe
Director of Finance Assistant Dire or of Finance Senior Accountant
Description Face Amount l shares
MM $ 5,391,021.56 $
Total/Average $ 5.391.021.S6 S
Group Portfolio Holdings
by Type
■MM
Development Authority of Pearland
Summary by Type
September 30, 2011
Cost Value Book Value Market Value YTM 9b Cos l Days to Maturi
5,391,021.56 $ 5,391,021.56 $ 5,391,021.56 0.05% 1
5.391.021.56 S S.391.021.56 S 5.191.021.56 0.05% 1
6,000,000.00
5,000,000.00
4,000,000.00
3,000,000.00
2,000,000.D0
1,000,000.00
0.00
Book Value by Maturity Range
0-1 Month 1.3 Months 3-6 Months 6-9 Months
Interest Rates
4�1e 1 mQ IMn LM 2M 2st in 5.a 2.12 IQ -,a 29-W An
6/30/2011 0.01 0.03 0.10 0.19 0.45 0.81 1.76 2.50 3.18 4.09 4.38
9/30/2011 0.02 0.02 0.06 0.13 0.25 0.42 0.96 1.43 1.92 2.66 2.90
Yield Curve Comparison
5.00-
4.50
_... _. _.
_...
._..
_..__... __.._..
4.00
...
3.50
/
3.00
_..
-
'r-....._..
2.50
DAP's
1
Portfolio
Day WAM
Retum
.04%
2.00
r"
1.50
%
1.00
0.50
f�IMr
'-
0.00
1 mo
3 rm
6 no
1 yr
2 yr
3 yr
5 yr
7 yr
10 yr
20 yr
30 yr
-+-91.11MY011--&W2011
Portfolio vs. Benchmark
0.35 -._ ---------------.. ....----- -- -------------- --
0.30
0.25 \
0.20 L--__-
w
0.15\�
�a
0.10
0.05
•
0.00
\� 10 1� 11 11 11 11 11 11 11 11 11
So FsSO Pvg Sw
+-ro,ftho rotas _..-�-1Y-T-811 AgeMy Note ._
City of Pearland
Quarterly Investment Report at Quarterend
Report Format: By Transaction
Group By: Security Type
Portfoho/Report Group: 65: Development Authority
As of 9/30/2011
Portfolio Settlement Maturity
YTM a
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
0,10000
2,678,434.55
2,678,434.55
2,678,434.55
2,678,434.SS
t
N/A
49.68
Authority
Wells Fargo
65:
Bank MM WF8300
Development 10 1/2006
p /
N/A
0.01000
1,162,144.27
1,162,144.27
1,162,144.27
1,162,144.27
1
N/A
21.56
Authority
Wells Fargo
65:
Bank MM WF8302
Development 9/30/2006
N/A
0.01000
1,548,885.39
1,548,885.39
1,548,885.39
1,548,885.39
1
N/A
28.73
Authority
Wells Fargo
65:
Bank MM WF8301
Development 9/30/2006
N/A
0.01000
1,557.35
1,557.35
1,557.35
1,557.35
1
N/A
0.03
Authority
Sub Total
/ Average
0.05471
5,391,021.56
5,391,021.56
5,391,021.56
5,391,021.56
1
0.00
100.00
Total /
Average
0.05471
5,391,021.56 5,391,021.56
5,391,021.56
5,391,021.36
1
0.00
100
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 6/30/2011, End Date: 9/30/2011
Portfolio Maturity Annualized
TRR-BV
Beginning BV
Buy Principal
Sell Principal
Amortized
Discount
Amortized
Premium
Ending BV
Investment
Income-BV
Description CUSIP/Ticker
Name Date
MONEY MARKET
Wells Fargo WF4258
65:
Development N/A
0.10
1,478,585.91
18,006,789.91
16,806,941.27
0.00
0.00
2,678,434.55
588.67
Bank MM
Authority
Wells Fargo
WF8300
65:
Development N/A
0.00
1.07
11,802,950.97
10,640,807.77
0.00
0.00
1,162,144.27
9.70
Bank MM
Authority
Wells Fargo WF8301
65.
Development N/A
0.01
1, 518.27
3,015,875.35
3,015,836.27
0.00
0.00
1,557.35
0.03
Bank MM
Authority
Welk Fargo
WF8302
65:
Development N/A
0.01
1,548,885.39
39.05
39.05
0.00
0.00
1,548,885.39
39.05
Bank MM
Authority
Sub
Total/Average
0.04
3r028r990.64
32,625,655.28
30,463,824.36
0.00
0.00
5,391,021.56
637.45
Money Market
Total /
0.04
3,028,990.64 32,825,655.28 30,463,624.36
0.00
0.00
5,391,021.56
637.45
Average
IofI
Pledged Collateral Reconciliation Report
September 30, 2011
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating $
Wells Fargo
201-0419513
Payroll Fund
Wells Fargo
001-3042841
Sweep Account
58,070,282.66
Wells Fargo
201-0419554
98 CO Escrow
-
Wells Fargo
807-1613395
Credit Card Account
1,552,001.41
Wells Fargo
818-4567843
Alvin ISD
3,959,021.24
Wells Fargo
001-3043112
PEDC Sales Tax
-
Wells Fargo
280-7409871
Health Claims
477,164.87
Wells Fargo
Certificate of Deposit
Total of Bank Balances $
64,058,470.18
Pledged Collateral for City
91,215,259.68
FDIC Insurance
250,000.00
Total Collateral $
91,465,259.68
Over (Under) Collateralized $
27,406,789.50
Total %Collateralized
142.8
Bank
Account Number
Account Name
Amount
Wells Fargo
100-7284258
Development Authority
2,678,434.55
Total of Bank Balances $
2,678,434.55
Pledged Collateral for DAP
12,468,196.73
FDIC Insurance
250,000.00
Total Collateral $
12,718,196.73
Over (Under) Collateralized $
10,039,762.18
Total °%Collateralized
474.8%
Total $ Over (Under) Collateralized $
37,446,551.68
Total %Collateralized
156.1%
Status
Collateralized
Development Authority of Pearland
Quarterly Investment Report
September 30, 2011- December 31, 2011
Portfolio at September
30. 2011
Portfolio at December
31. 2021
Ending Book Value
$ 5,391,021.56
Ending Book Value
$ 5,386,125.53
Ending Market Value
5,391,021.56
Ending Market Value
5,386,125.53
Accrued Interest Receivable
Accrued Interest Receivable
Unrealized Gain/(Loss)
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
Change in Unrealized Gain/Loss
Weighted Average Maturity
1 Day
Weighted Average Maturity
1 Day
Change in Market Value
2,362,030.92
Change in Market Value
(4,896.03)
Yield to Maturity at Cost
0.05%
Yield to Maturity at Cost
0.02%
T-Bill Benchmark
0.13%
T-Bill Benchmark
0.12%
Agency Note Benchmark
0.01%
Agency Note Benchmark
0.01%
Average
for Quarter
Total Rate of Return
0.04%
1 Year T-Bill Benchmark Yield
0.12%
Agency Note Benchmark Yield
0.01%
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:
l Y[li;.G t� 1IJL
Claire Bogard
Ric rg and
Fatima Uwakwe
Director of Finance
Assistant D ector of Finance
Senior Accountant
Description Face Amount 1 Shares
MIA $ 5,386,125.53 $
Total/Average $ 5,396,125.53 S
Group Portfolio Holdings
by Type
.MM
Development Authority of Pearland
Summary by Type
December 31, 2011
Cost Value book Value Market Value YTM () Cost Days to Maturity
5,386,125.53 $ 5,386,125.53 $ 5,386,125.53 0.02% 1
5.386.125.53 S 5,386,125.53 S 5,386,125.53 0.02% 1
6,000,000.00
6,000,000.00
4,000,000.00
3,000,000.00
2,000,000,00
1,000,000.00
0.00
Book Value by Maturity Range
0-1 Month 1-3 Months 3-6 Months 6-9 Months
Interest Rates
Date l IM m0 6 mo 1.l2 2Yt 3-W iJL LYL to yr ZQY[ 30 yr
9/30/2011 0.02 0.02 0.06 0.13 0.25 0.42 0.96 1.43 1.92 2.66 2.90
12/30/2011 0.01 0.02 0.06 0.12 0.25 0.36 0.83 1.35 1.89 2.57 2.89
Yield Curve Comparison
3.5 -- --- _ --- --
3
2,5
DAP's Portfolio Retum .04%
1.5 1 Day WAM
1
0.5
0 ----------- W--..-_ _ - .-_....... ---..........
1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
�12/30l2011 - 951=i11-i
Portfolio vs. Benchmark
0.35 --�-. --- -- -- -- - --
0.30
0.25
0.20
0.15 -.._
0.10
0.05
0.00-�-
11 11
All 1All11 11 11 11 11 11 11 11
pp`" " " )��" P� �- OeU
-Pwfolo ietei - 1year 7-Bill Agency Note
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 9/30/2011, End Date: 12/31/2011
Portfolio
Maturity
Annualized
Buy
Sell
Amortized
Amortized
Investment
Description CUSIP/Tlcker
Name
Date
TRR-BV
Beginning BV
Principal
Principal
Discount
Premium
Ending BV
Income-BV
MONEY MARKET
Wells Fargo Bank
65:
MM WF4258
Development
N/A
0.06
2,678,434.55
407.15
1,400.00
0.00
0.00
2,677,441.70
407.15
Autho my
Wells Fargo Bank
65:
MM WF8300
Development
N/A
0.02
1,162,144.27
58.17
4,000.00
0.00
0.00
1,158,202.44
58.12
Authority
Welts Fargo Bank
MM WF8301
65:
Development
N/A
0.01
1,557.35
38.65
0.00
0.00
0.00
1,596.00
0.03
Authority
Welk Fargo Bank
MM WF8302
65:
Development
N/A
0.01
1,548,885.39
38.62
38.62
0.00
0.00
1,548,885.39
38.62
Authority
Sub
'-------
-
Total/Average
0.04
5,391,021.56
542.59
5,438.62
0.00
0.00
5,386,125.53
503.97
Money Market
Total /
Average
0.04
5,391,021.56
542.59
5,438.62
0.00
0.00 5,386,125.53
503.97
I of]
City of Pearland
Quarterly Investment Report at Quarterend
Report Format: By Transaction
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
As of 12/31/2011
Portfolio Settlement Maturity
YTM @
Face
Days To Accrued
% of
Description CUSIP/Ticker
Name Date
Date
Cost
Amount/Shares
Cost Vakie
Book Value
Market Value
Maturity Interest Portfolio
Money Market
Wells Fargo
WF4258
65:
Development 9/30/2006
N/A
0.04000
2,677,441.70
2,677,441.70
2,677,441.70
2,677,441.70
1
N/A
49.71
Bank MM
Authority
Wells Fargo
WF0300
65:
Development 10/1/2006
N/A
0.01000
1,158,202.44
1,158,202.44
1,158,202.44
1,158,202.44
1
N/A
21.50
Bank MM
Authority
Welk Fargo
WF8302
65:
Development 9/30/2006
N/A
0.01000
1,548,885.39
1,548,885.39
1,548,885.39
1,548,885.39
1
N/A
28.76
Bank MM
Authority
Welk Fargo
WF8301
65:
Development 9/30/2006
N/A
0.01000
1,596.00
1,596.00
1,596.00
1,596.00
1
N/A
0.03
Bank MM
Authority
Sub Total
0.02491
5,386,125.53
5,386,125.53
5,386,125.53
5,386,125.53
1
0.00
100.00
/ Average
Total /
0.02491
5,386,125.53 5,386,125.53 5,386,125.53
5,386,125.53
1
0.00
100
Average
I of I
Pledged Collateral Reconciliation Report
December 31, 2011
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating
$
Wells Fargo
201-0419513
Payroll Fund
Wells Fargo
001-3042841
Sweep Account
71,637,847.55
Wells Fargo
201-0419554
98 CO Escrow
-
Wells Fargo
807-1613395
Credit Card Account
526,584.55
Wells Fargo
818-4567843
Alvin ISO
4,065,093.32
Wells Fargo
001-3043112
PEDC Sales Tax
-
Wells Fargo
280-7409871
Health Claims
334,232.23
Wells Fargo
Certificate of Deposit
-
Total of Bank Balances
$ 76,563,757.65
Pledged Collateral for City
83,750,735.52
FDIC Insurance
250,000.00
Total Collateral
$ 84,000,735.52
Over (Under) Collateralized
$ 7,436,977.87
Total % Collateralized
109.7%
Bank
Account Number
Account Name
Amount
Wells Fargo
100-7284258
Development Authority
2,677,441.70
Total of Bank Balances
$ 2,677,441.70
Pledged Collateral for DAP
11,539,998.06
FDIC Insurance
250,000.00
Total Collateral
$ 11,789,998.06
Over (Under) Collateralized
$ 9,112,556.36
Total % Collateralized
440.3%
Total $ Over (Under) Collateralized
$ 16,549,534.23
Total %Collateralized
120.9%
Status
Collateralized