RDAP-2013-11 - 2013-11-11RESOLUTION NO. RDAP2013-11
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE INVESTMENT REPORT FOR
THE QUARTER ENDING SEPTEMBER 2013.
BE IT RESOLVED BY THE DAP BOARD OF DIRECTORS:
Section 1. That the Board hereby accepts the Investment Report for the Quarter
ending September 2013.
PASSED, APPROVED, AND ADOPTED this 11th day of November A.D., 2013.
TOM REID
DAP CHAIRMAN
ATTEST:
ED BAKER
DAP SECRETARY
RDAP No. 2013-11.
Development Authority of Pearland
Quarterly Investment Report
Jun 30, 2013 - Sept 30, 2013
Period 13
Portfolio at Jun 30. 2013 portfolio at Sept 30. 2013
Ending Book Value
Ending Market Value
Accrued Interest Receivable
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
Weighted Average Maturity
Change in Market Value
Yield to Maturity at Cost
T -Bill Benchmark
Agency Note Benchmark
$ 1,004,999.40
1,004,999.40
1 Day
(3,661.32)
0.15%
0.15%
0.01%
Ending Book Value
Ending Market Value
Accrued Interest Receivable
Unrealized Gain/(Loss)
Change in Unrealized Gain/Loss
Weighted Average Maturity
Change in Market Value
Yield to Maturity at Cost
T -Bill Benchmark
Agency Note Benchmark
Average for Quarter
Total Rate of Return
1 Year T -Bill Benchmark Yield
Agency Note Benchmark Yield
0.14%
0.12%
0.01%
$ 8,447,237.69
8,447,237.69
10 Days
7,442,238.29
0.14%
0.10%
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:
Claire Bogard Rick er6arc`
Assistant Director of Finance
Director of Finance
Fatima lJwakwe
Accounting Supervisor
Development Authority of Pearland
Summary by Type
Sept 30, 2013
Description face Amount l Shares Cost Value Book Value Market Value YTM fit Cost Days to Maturity
MM $ 7,652,176.48 $ 7,652,176.48 $ 7,652,176.48 $ 7,652,176.48 0.14% 1
Cash 51,061.21 51,061.21 51,061.21 51,061.21 0.01%
5% 98
CD 744,000.00 744,000.00 744,000.00 744,000.00
Total/Average 5 8.447.237.69 5 8.447.237.69 5 8.447.237.69 5 8.447.237.69 0.14% 10
Group Portfolio Holdings
by Type
9%
1%
nMM ■Cash .co
9,000.000.0
8.000.000.00
7.00.00.0
6.00.00.0
5.00.00.0
4,000,000.00 f.
3,00,00.0
2.00.00.0
1.00.00.0
0.00
Book Value by Maturity Range
0-1 Month
1-3 Months
3-6 Months
6-9 Months
Z
Interest Rates
i mo ams 5 mo 3..3c 5.1¢ 10! to K 22ta 3Qxt
6/30/2013 0.02 0.04 0.10 0.15 0.36 0.66 1.41 1.96 232 3.22 332
9/30/2013 0.03 0.02 0.04 0.10 0.33 0.63 1.39 2.02 2.64 3.41 3.69
Yield Curve Comparison
4.00
3.50
3.00
2.50 i
2.00
1.50
1.00
0.50
0.00`3.• •
1 mo 3 rno 6 mo 1 yr
10 Day
0.20
0.18
0.16
0.14
0.12
0.10
0.08
0.06
0.04
0.02
0.00
2 yr 3 r
5r
-9(302013... 60302017
Portfolio vs. Benchmark
7r
10 yr
20 r
30 }r
00'
p _ Oe° lac 40
-�. Pdtfo6e T
v§
1� A'S 59 see, 9
klaY1 p' yam,
-s-1 Veer T -BW Agency Note
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfoio/Report Group: 65: Development Authority
Begin Date: 6/30/2013, End Date: 9/30/2013
Ending
Portfolio YTM Maturity Amortized Amortized Investment
Description CUSIP/Ticker Name Cost Date Beginning BV Buy Principal Seo Principal Discount Premium Ending BV Income -BV
CASH
65: 4,300.01 1.38 0.00 0.00 4,30D.G1 0.01
Regions Bank RG3939 Development 0.001 N/A 1.38
Cash Authority
65:
Regions Bank RG3948 Development 0.001 N/A 105.26 4,343,163.19 4,296,507.25 0.00 0.00 46,761.20 5.95
Cash Authorty
Sub
Total/Average
Cash
0.001
106.64 4,347,463.20 4,296,508.63 0.00 0.00 51,061.21 5.96
CERTIFICATE OF DEPOSIT
Citibank 65:
National Assn 17312Q832 Development 0.150 12/27/2013 0.00 248,000.00 0.00 0.00 0.00 248,000.00 3.06
0.15 Authority
12/27/2013
Homebanc 65:
National' n 43738AEL6 Development 0.200 12/26/2013 0.00 248,000.00 0.00 0.00 0.00 248,000.00
6.79
Lake Mary 0.2 Authonty
12/26/2013
Planters Bank 65: 0.00 248,000.00 0.00 0.00 0.00 248,000.00 2.04
Inc 0.1 72741PCG0 Development 0.100 1/27/2014
1/27/2014 Authority
Sub
Total/Average 0.150 0.00 744,000.00 0.00 0.00 0.00 744,000.00 11.89
Certificate Of
Deposit
MONEY MARKET
WellS Fargo
Bank MM
65:
WF4258 Development 0.140
Authority
Sub
Total/Average
Money Market
0.140
NIA 1,004,892.76 6,649,249.22 1,965.50 0.00 0.00 7,652,176.48 1,075.08
1,004,892.76 6,649,249.22 1,965.50 0.00 0.00 7,652,176.48 1,075.08
1of2_
Ending Name
Co Maturityst Date Beginning BV Buy Principal Amortized Amortized Investment
Description CIISID/Ticker NName Co
Pal Sell Principal Discount Premium Ending BV Income -BV
Total j
Average
0.140 1,004,999.40 11,740,712.42 4,298,474.13
2 oft
0.00 0.00 8,447,237.69 1,092.93
City of Pearland
Quarterly Investment Report at Quarterend
Report Format: By Transaction
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
As of 9/30/2013
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
Cash
65:
Regions RG3948 Development 9/1/2012 N/A 0.001 46,761.20 46,761.20 46,761.20 46,761.20 1 0.55
Bank Cash Authority
65:
Regnns RG3939 Development 10/31/2012 N/A 0.001 4,300.01 4,300.01 4,300.01 4,300.01 1 0.05
Bank Cash Authority
Sub Total / 0.001 51,061.21 51,061.21 51,061.21 51,061.21 1 0.00 0.60
Average
Certificate Of Deposit
Citibank 65:
National 17312Q832 Development 9/27/2013 12/27/2013 0.150 248,000.00 248,000.00 248,000.00 248,000.00 88 3.06 2.94
Assn 0.15 Authority
12/27/2013
Homebanc
National 65:
Assn Lake 43738AEL6 Development 9/25/2013 12/26/2013 0.200 248,000.00 248,000.00 248,000.00 248,000.00 87 6.79 2.94
Mary 0.2 Authority
12/26/2013
Planters 65:
Bank Inc 0.1 72741PCGO Development 9/27/2013 1/27/2014 0.100 248,000.00 248,000.00 248,000.00 248,000.00 119 2.04 2.94
1/27/2014 Authority
Sub Total / 0.150 744,000.00 744,000.00 744,000.00 744,000.00 98 11.89 8.81
Average
Money Market
Wells Fargo 65:
Bank MM WF4258 5vebpmeM 9/30/2006 N/A 0.140 7,652,176.48 7,652,176.48 7,652,176.48 7,652,176.48 90.59
Authority
Sub Total / 0.140 7,652,176.48 7,652,176.48 7,652,176.48 7,652,176.48 1 0.00 90.59
Average
Total / 0.140 8,447,237.69 8,447,237.69 8,447,237.69 8,447,237.69 10 11.89 100
Average
1of1
City of Pearland
Purchases
Portfolio/Report Group: 65: Deveiopment Authority
From 6/30/2013 To 9/30/2013
YTM
Portfolio Settlement Maturity Face
Name Description Bullet/Callable CUSIP/Ticker Action Date Date Price Amount/Shares Cost Principal Interest/Dividends Broker/Dealer
Homebanc
65: National
Devebpment Assn Lake
Authority Mary 0.2
12/26/2013
Citibank
65:
National
Assn ss2 25
Authority 12/27/2013
65: Planters
Development Bank Inc 0.1
Authority 1/27/2014
43738AEL6 Buy 9/25/2013 12/26/2013 100 248,000.00 0.200 248,000.00
17312Q832 Buy 9/27/2013 12/27/2013 100 248,000.00 0.150 248,000.00
72741PCG0 Buy 9/27/2013 1/27/2014 100 248,000.00 0.100 248,000.00
loll
0.00
Bank
Fargo
0.00
Bank
Fargo
0.00
Wells Fargo
Bank
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Wells Fargo
Pledged Collateral Reconciliation Report
September 30, 2013
Account Number
201-0419505
201-0419513
001-3042841
179-0121790
807-1613395
818-4567843
280-7409871
Bank Account Number
Wells Fargo 100-7284258
Account Name
Operating
Payroll Fund
Sweep Account
EMS Payments
Credit Card Account
Alvin ISD
Health Claims
Total of Bank Balances
Pledged Collateral for City
FDIC Insurance
Total Collateral
Amount
61,182,515.91
4,123,601.78
255,413.44
$ 65,561,531.13
258,150,395.64
250,000.00
Over (Under) Collateralized $
Total % Collateralized
Account Name
Development Authority
Total of Bank Balances
Pledged Collateral for DAP
FDIC Insurance
Total Collateral
258.400,395.64
192,838,864.51
394.1%
Amount
7,652,641.98
$ 7,652,641.98
11,883,246.18
250,000.00
$
Over (Under) Collateralized $
Total % Collateralized
Total $ Over (Under) Collateralized $
Total % Collateralized
Status
12,133,246.18
4,480,604.20
158.5%
197,319,468.71
369.5%
Collateralized