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2018 08 08 FACFINANCIAL ADVISORY COMMISSION AGENDA 1 NOVEMBER 14, 2018 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL STUDY SESSION ROOM 78-495 Calle Tampico, La Quinta REGULAR MEETING ON WEDNESDAY, NOVEMBER 14, 2018 AT 4:00 P.M. Roll Call: Commissioners: Batavick, Johnson, Lopez, Rosen, Turbow, Twohey and Chairperson Mills PLEDGE OF ALLEGIANCE PUBLIC COMMENT At this time members of the public may address the Commission on any matter not listed on the agenda. Please complete a “Request to Speak” form and limit your comments to three minutes. The Financial Advisory Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by GC 54954.2(b). CONFIRMATION OF AGENDA ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR 1. Approve Minutes Dated August 8, 2018 2. Receive and File Revenue and Expenditure Reports Dated June 30, 2018 3. Receive and File Revenue and Expenditure Reports Dated July 31, 2018 4. Receive and File Revenue and Expenditure Reports Dated August 31, 2018 5. Receive and File Revenue and Expenditure Reports Dated September 30, 2018 6. Receive and File First Quarter 2017/18 Treasury Reports for July, August, And September 2018 Financial Advisory Commission agendas and staff reports are now available on the City’s web page: www.laquintaca.gov FINANCIAL ADVISORY COMMISSION AGENDA 2 NOVEMBER 14, 2018 REGULAR QUARTERLY MEETING BUSINESS SESSION 1. Receive and File Fourth Quarter 2017/18 Treasury Reports for April, May, and June 2018 with Fiscal Year-End Summary 2. Receive and File the Fiscal Year 2018/19 First Quarter Budget Report 3. Appoint Two Commissioner to Formulate and Approve the Annual Measure G Sales Tax Compliance Report STUDY SESSION – None DEPARTMENTAL REPORTS 1. SilverRock Development – Verbal Update 2. Second Quarter 2018 (April – June 2018) Sales Tax Update 3. Request for Proposals for Banking and Merchant Services – Verbal Update 4. Year-End Audits – Verbal Update 5. Annual Community Workshop and Budget Video – Verbal Update CORRESPONDENCE AND WRITTEN MATERIALS – None COMMISSIONERS’ ITEMS ADJOURNMENT The next regular quarterly meeting of the La Quinta Financial Advisory Commission will be held on February 13, 2019 commencing at 4:00 p.m. at the La Quinta Study Session Room, 78-495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Jessica Delgado, Management Assistant, of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta Financial Advisory Commission regular quarterly meeting was posted on the City’s website, near the entrance to the Council Chamber at 78-495 Calle Tampico, and the bulletin boards at 78-630 Highway 111, and 51-321 Avenida Bermudas, on November 9, 2018. DATED: November 9, 2018 Jessica Delgado, Management Assistant City of La Quinta, California FINANCIAL ADVISORY COMMISSION AGENDA 3 NOVEMBER 14, 2018 REGULAR QUARTERLY MEETING Public Notices The La Quinta City Study Session Room is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-7092, twenty-four (24) hours in advance of the meeting and accommodations will be made. If special electronic equipment is needed to make presentations to the Financial Advisory Commission, arrangements should be made in advance by contacting the City Clerk’s office at (760) 777-7092. A one (1) week notice is required. If background material is to be presented to the Financial Advisory Commission during a regular FAC meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the Management Assistant for distribution. It is requested that this take place prior to the beginning of the meeting. Any Writings or documents provided to a majority of the Financial Advisory Commission regarding any item(s) on the agenda will be made available for public inspection at the Community Development counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal business hours. FINANCIAL ADVISORY COMMISSION MINUTES 1 AUGUST 8, 2018 REGULAR QUARTERLY MEETING FINANCIAL ADVISORY COMMISSION MINUTES WEDNESDAY, AUGUST 8, 2018 CALL TO ORDER A regular quarterly meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 4:00 p.m. by Chairperson Mills. PRESENT: Commissioners: Batavick, Johnson, Lopez, Rosen, Turbow, Twohey, and Chairperson Mills ABSENT: None PLEDGE OF ALLEGIANCE Commissioner Batavick led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Finance Director Campos said she would provide an update of the following items under the Departmental Reports section of the agenda: • City’s participation in the California Asset Management Program (CAMP); and • Council’s discussion on the Capital Asset Policy at the August 7, 2018, meeting. The Commission concurred. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR ITEMS 1. APPROVE FINANCIAL ADVISORY COMMISSION MINUTES DATED JULY 18, 2018 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED MAY 31, 2018 Motion – A motion was made and seconded by Commissioners Lopez/Twohey to approve the Consent Calendar, as submitted. Motion passed unanimously. STUDY SESSION – None BUSINESS SESSION – None CONSENT CALENDAR ITEM NO. 1 FINANCIAL ADVISORY COMMISSION MINUTES 2 AUGUST 8, 2018 REGULAR QUARTERLY MEETING DEPARTMENTAL REPORTS Staff provided the Commission with verbal updates on the following departmental report items. 1. Jaqueline Cochran Regional Airport Authority Membership Dues 2. SilverRock Resort 3. Council’s Discussion Regarding the Commission’s Membership expansion 4. Pension Trust Update 5. Request for Proposal for Banking Services 6. Audit Schedule for Fiscal Year Ended June 30, 2018. City Manager Spevacek provided an update on the City’s economic development efforts and activity. Finance Director Campos provided an update on City’s participation in the CAMP Program and Council’s discussion on the Capital Asset Policy at the August 7, 2018, meeting. CORRESPONDENCE AND WRITTEN MATERIAL – None COMMISSIONERS’ ITEMS 1. SILVERROCK EVENT SITE AD-HOC COMMITTEE MEETING ON JULY 30, 2018 – VERBARL UPDATE BY CHAIRPERSON MILLS Chairperson Mills provided the Commission with an update on the presentations given at the July 30, 2018, SilverRock Event Site Ad-hoc Committee and the August 7, 2018, City Council meetings, which he attended. COMMISSIONER JOHNSON LEFT THE DAIS AT 5:15 P.M. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Turbow/Lopez to adjourn this meeting at 5:18 p.m. Motion passed: ayes 6 absent 1 (Johnson). Respectfully submitted, Jessica Delgado, Management Assistant City of La Quinta, California City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2018 RECOMMENDATION Receive and file revenue and expenditure report dated June 30, 2018. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for June 2018 (Attachment 1). • Revenue and expenditure reports are also reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2017 for fiscal year 2017/18. Current Total Budget – represents original adopted budgets plus any carryovers (typically associated with long-term Capital Improvement Projects (CIP) from the prior fiscal year) and any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/ (Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used – represents the percentage activity as compared to budget YTD. CONSENT CALENDAR ITEM NO. 2 June Revenues MTD YTD YTD Percent of Budget General Fund (GF) $ 10,419,887 $ 56,600,690 108.09% All Funds $ 28,421,533 $ 104,336,120 87.80% June Expenditures MTD YTD YTD Percent of Budget General Fund $ 10,926,710 $ 44,763,187 78.37% Payroll (GF) $ 916,128 $ 9,600,949 91.00% All Funds $ 15,092,692 $ 80,128,305 56.05% Top Five Revenue/Income Sources for June General Fund Non-General Fund Measure G Sales Tax $2,131,942 County Government Revenue for Debt Service $12,951,230 Sales Tax $2,052,776 Transfers in for CIP Fund $1,550,001 Transient Occupancy (Hotel) Tax $1,786,649 Finance Authority Debt Service Income $ 671,274 Fire Service Credit (from County) $1,643,708 CVAG funding for Dune Palms Project $ 319,809 Property Tax $1,290,242 Allocated Interest $ 311,124 Top Five Expenditures/Outlays for June General Fund Non-General Fund Sheriff Contract (March- June Services) $5,876,582 Capital Improvement Plan (CIP) -Design (3) $ 589,965 Fire Service Costs(1) $1,536,704 Washington Street Apartments Construction $ 505,774 Civic Center payment to Finance Authority $ 671,274 Library Operations $ 274,102 Transfers Out(2) $ 612,066 Measure A Transfers Out (for CIP) $ 265,759 Insurance Allocation $ 112,250 Washington Street Apartments Relocation $ 215,269 (1) Includes shared agreement costs for Indio Ladder Truck (2) Transfers out to CIP Fund including Village Complete Streets, Citywide Drainage, Miles Ave. Medians and others (3) Design costs include Village Complete Streets, Dune Palms Widening/Bridge, Systemic Safety Analysis, and others The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. All funds are generally on target or under budget regarding expenditures. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director Attachment 1: Revenue and Expenditure Report for June 30, 2018 ATTACHMENT 1 For Fiscal: 2017/18 Period Ending: 06/30/2018 10/4/2018 8:01:39 PM Page 1 of 2 Fund Summary-Revenue Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 56,600,69010,419,88748,551,600 52,363,100 4,237,590 108.09 % 201 - GAS TAX FUND 1,345,439139,8391,415,400 1,415,400 -69,961 95.06 % 202 - LIBRARY & MUSEUM FUND 2,664,113276,3522,254,000 2,254,000 410,113 118.19 % 203 - PUBLIC SAFETY FUND (MEASURE G)300,0000300,000 300,000 0 100.00 % 210 - FEDERAL ASSISTANCE FUND 187,2820125,800 189,089 -1,807 99.04 % 212 - SLESA (COPS) FUND 156,45833,333100,100 100,100 56,358 156.30 % 215 - LIGHTING & LANDSCAPING FUND 1,443,05318,8801,448,900 1,448,900 -5,847 99.60 % 217 - DEVELOPMENT AGREEMENT 1,001000 1,001 0.00 % 218 - CV VIOLENT CRIME TASK FORCE -251000 -251 0.00 % 219 - ASSET FORFEITURE -13000 -13 0.00 % 220 - QUIMBY FUND 51,842055,000 55,000 -3,158 94.26 % 221 - AB 939 - CALRECYCLE FUND 70,60825,73662,500 62,500 8,108 112.97 % 223 - MEASURE A FUND 780,260245,177724,500 735,500 44,760 106.09 % 224 - TUMF FUND 302000 302 0.00 % 225 - INFRASTRUCTURE FUND 184000 184 0.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)12,299-9,700012,300 -1 99.99 % 227 - State Homeland Security Programs (SHSP)5,741006,000 -259 95.68 % 231 - SUCCESSOR AGCY PA 1 RORF 20,620,39212,951,23200 20,620,392 0.00 % 235 - SO COAST AIR QUALITY FUND 53,21013,39250,300 50,300 2,910 105.78 % 237 - SUCCESSOR AGCY PA 1 ADMIN 126,5001,50000 126,500 0.00 % 241 - HOUSING AUTHORITY 1,343,393329,884919,000 1,012,800 330,593 132.64 % 243 - RDA Low-Mod Housing Fund 12,279000 12,279 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)278,504112,64800 278,504 0.00 % 250 - TRANSPORTATION DIF FUND 536,84688,556369,000 415,000 121,846 129.36 % 251 - PARKS & REC DIF FUND 335,87275,776200,000 254,000 81,872 132.23 % 252 - CIVIC CENTER DIF FUND 145,47722,795100,000 120,000 25,477 121.23 % 253 - LIBRARY DEVELOPMENT DIF 56,41612,72830,000 43,000 13,416 131.20 % 254 - COMMUNITY CENTER DIF 22,1134,77315,400 15,400 6,713 143.59 % 255 - STREET FACILITY DIF FUND 25,0673,61015,000 20,000 5,067 125.34 % 256 - PARK FACILITY DIF FUND 6,5661,4804,000 4,000 2,566 164.14 % 257 - FIRE PROTECTION DIF 66,45610,49140,000 55,000 11,456 120.83 % 270 - ART IN PUBLIC PLACES FUND 43,3042,83153,500 45,200 -1,896 95.81 % 275 - LQ PUBLIC SAFETY OFFICER 2,30702,100 2,100 207 109.85 % 299 - INTEREST ALLOCATION FUND 637,392311,12400 637,392 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 671,451671,274671,400 671,400 51 100.01 % 401 - CAPITAL IMPROVEMENT PROGRAMS 7,357,4851,765,4058,423,900 48,906,045 -41,548,560 15.04 % 501 - FACILITY & FLEET REPLACEMENT 716,343141,000531,000 651,000 65,343 110.04 % 502 - INFORMATION TECHNOLOGY 755,296185,045714,000 729,000 26,296 103.61 % 503 - PARK EQUIP & FACILITY FUND 324,05875,000680,000 310,000 14,058 104.53 % 504 - INSURANCE FUND 994,260247,2501,001,000 1,005,000 -10,740 98.93 % 601 - SILVERROCK RESORT 4,001,718171,5014,004,200 4,004,200 -2,482 99.94 % 602 - SILVERROCK GOLF RESERVE 62,24958,51761,300 61,300 949 101.55 % 760 - SUPPLEMENTAL PENSION PLAN 15,09514,21500 15,095 0.00 % 761 - CERBT OPEB TRUST 1,507,064001,523,400 -16,336 98.93 % Report Total:28,421,533 104,336,12072,922,900 118,840,034 -14,503,914 87.80 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. For Fiscal: 2017/18 Period Ending: 06/30/2018 10/4/2018 7:40:10 PM Page 2 of 2 Fund Summary-Expenditures Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 44,763,18710,926,71048,180,700 57,118,663 12,355,476 78.37 % 201 - GAS TAX FUND 1,285,412290,9961,435,000 1,442,240 156,828 89.13 % 202 - LIBRARY & MUSEUM FUND 2,237,686502,9781,947,500 2,524,500 286,814 88.64 % 210 - FEDERAL ASSISTANCE FUND 187,282114,245125,800 189,089 1,807 99.04 % 212 - SLESA (COPS) FUND 83,09531,475100,000 100,000 16,905 83.10 % 215 - LIGHTING & LANDSCAPING FUND 1,393,316223,7531,519,300 1,527,920 134,604 91.19 % 217 - DEVELOPMENT AGREEMENT 80,99766,891067,000 -13,997 120.89 % 218 - CV VIOLENT CRIME TASK FORCE 3,407000 -3,407 0.00 % 219 - ASSET FORFEITURE 56000 -56 0.00 % 220 - QUIMBY FUND 462,93846,90304,013,078 3,550,140 11.54 % 221 - AB 939 - CALRECYCLE FUND 17,9022,74220,000 20,000 2,098 89.51 % 223 - MEASURE A FUND 388,747265,759787,000 1,838,604 1,449,857 21.14 % 225 - INFRASTRUCTURE FUND 0022,600 22,600 22,600 0.00 % 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG)12,29912,29900 -12,299 0.00 % 227 - State Homeland Security Programs (SHSP)5,7863,07806,000 214 96.43 % 231 - SUCCESSOR AGCY PA 1 RORF 9,449,678144,08100 -9,449,678 0.00 % 235 - SO COAST AIR QUALITY FUND 130,48598,06332,000 119,000 -11,485 109.65 % 237 - SUCCESSOR AGCY PA 1 ADMIN 149,8877,64700 -149,887 0.00 % 241 - HOUSING AUTHORITY 678,49138,8561,192,100 1,202,920 524,429 56.40 % 243 - RDA Low-Mod Housing Fund 259,00000259,000 0 100.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)347,982273,4141,704,900 1,704,900 1,356,918 20.41 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)2,023,975505,7749,400,000 9,400,000 7,376,025 21.53 % 250 - TRANSPORTATION DIF FUND 1,097,811147,6811,005,100 3,437,525 2,339,714 31.94 % 252 - CIVIC CENTER DIF FUND 54,2880056,000 1,712 96.94 % 253 - LIBRARY DEVELOPMENT DIF 13,5190014,000 481 96.56 % 254 - COMMUNITY CENTER DIF 00101,600 101,600 101,600 0.00 % 255 - STREET FACILITY DIF FUND 14,5900015,000 410 97.26 % 256 - PARK FACILITY DIF FUND 4,285005,000 715 85.70 % 257 - FIRE PROTECTION DIF 2,834003,000 166 94.48 % 270 - ART IN PUBLIC PLACES FUND 84,6990122,000 322,000 237,301 26.30 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 671,2740671,400 671,400 126 99.98 % 401 - CAPITAL IMPROVEMENT PROGRAMS 7,516,204705,6288,614,400 48,708,066 41,191,862 15.43 % 501 - FACILITY & FLEET REPLACEMENT 507,364-2,7931,069,300 1,305,076 797,712 38.88 % 502 - INFORMATION TECHNOLOGY 813,519158,306914,000 917,100 103,581 88.71 % 503 - PARK EQUIP & FACILITY FUND 358,89374,956670,000 880,000 521,107 40.78 % 504 - INSURANCE FUND 902,9039,574969,200 972,740 69,837 92.82 % 601 - SILVERROCK RESORT 4,111,681443,6754,003,400 4,005,470 -106,211 102.65 % 760 - SUPPLEMENTAL PENSION PLAN 12,833000 -12,833 0.00 % Report Total:15,092,692 80,128,30584,607,300 142,969,492 62,841,186 56.05 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JULY 31,2018 RECOMMENDATION Receive and file revenue and expenditure report dated July 31, 2018. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for July 2018 (Attachment 1). • Revenue and expenditure reports are also reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2018 for fiscal year 2018/19. Current Total Budget – represents original adopted budgets plus any carryovers (typically associated with long-term Capital Improvement Projects (CIP) from the prior fiscal year) and any Council approved budget amendments from throughout the year. The 2017/18 CIP carryovers will be processed in October 2018 after the year-end audit is completed. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/ (Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. CONSENT CALENDAR ITEM. 3 Percent Used – represents the percentage activity as compared to budget YTD. July Revenues MTD YTD YTD Percent of Budget General Fund (GF) $ 316,839 $ 316,839 0.61% All Funds $ 940,181 $ 940,181 1.15% July Expenditures MTD YTD YTD Percent of Budget General Fund $ 1,514,597 $ 1,514,597 2.96% Payroll (GF) $ 1,268,435 $ 1,268,435 12.51% All Funds $ 3,108,847 $ 3,108,847 3.71% Top Five Revenue/Income Sources for July General Fund Non-General Fund Building Plan Check Fees $ 55,709 Development Impact Fees (Transportation) $101,880 Public Works Plan Check Fees $ 44,064 Development Impact Fees (Parks) $ 98,304 Business Licenses $ 37,660 Allocated Interest $ 86,595 Permits $ 16,299 Housing Authority 2nd Trust Deed Payments $ 78,379 Lease Revenue (Cell Towers) $ 15,601 Gas Tax $ 68,572 Top Five Expenditures/Outlays for July General Fund Non-General Fund Buildings $100,000 Liability Insurance Premium $431,167 Membership Dues(1) $ 72,106 Washington Street Apartments Construction $351,458 Resort Rebate Program $ 35,000 SilverRock Maintenance $147,406 Professional Services $ 33,230 Worker's Compensation Insurance Premium $123,562 Membership Dues(2) $ 10,000 Land Acquisition(3) $115,626 (1) Coachella Valley Association of Governments (CVAG) and Riverside Local Agency Formation Commission (LAFCO) (2) Coachella Valley Economic Partnership (CVEP) (3) Land acquisition costs associated with Dune Palms projects The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. All funds are generally on target or under budget regarding expenditures. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director Attachment 1: Revenue and Expenditure Report for July 31, 2018 For Fiscal: 2018/19 Period Ending: 07/31/2018 10/8/2018 11:46:41 AM Page 1 of 2 Fund Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 316,839316,83952,297,400 52,297,400 -51,980,561 0.61 % 201 - GAS TAX FUND 68,57268,5721,965,500 1,965,500 -1,896,928 3.49 % 202 - LIBRARY & MUSEUM FUND 002,333,000 2,333,000 -2,333,000 0.00 % 203 - PUBLIC SAFETY FUND (MEASURE G)00200,000 200,000 -200,000 0.00 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 -72,000 0.00 % 212 - SLESA (COPS) FUND 00100,100 100,100 -100,100 0.00 % 215 - LIGHTING & LANDSCAPING FUND 001,586,100 1,586,100 -1,586,100 0.00 % 220 - QUIMBY FUND 00367,000 367,000 -367,000 0.00 % 221 - AB 939 - CALRECYCLE FUND 0063,700 63,700 -63,700 0.00 % 223 - MEASURE A FUND 00971,708 971,708 -971,708 0.00 % 225 - INFRASTRUCTURE FUND 00100100 -100 0.00 % 230 - CASp FUND, AB 1379 1,4111,4114,000 4,000 -2,589 35.28 % 231 - SUCCESSOR AGCY PA 1 RORF 3300 3 0.00 % 235 - SO COAST AIR QUALITY FUND 0051,500 51,500 -51,500 0.00 % 241 - HOUSING AUTHORITY 102,957102,957315,000 315,000 -212,043 32.68 % 243 - RDA Low-Mod Housing Fund 008,000 8,000 -8,000 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0030,000 30,000 -30,000 0.00 % 250 - TRANSPORTATION DIF FUND 101,880101,880369,000 369,000 -267,120 27.61 % 251 - PARKS & REC DIF FUND 98,30498,304508,200 508,200 -409,896 19.34 % 252 - CIVIC CENTER DIF FUND 25,35325,353110,000 110,000 -84,647 23.05 % 253 - LIBRARY DEVELOPMENT DIF 16,51216,51230,000 30,000 -13,488 55.04 % 254 - COMMUNITY CENTER DIF 6,1926,19215,400 15,400 -9,208 40.21 % 255 - STREET FACILITY DIF FUND 4,1504,15015,000 15,000 -10,850 27.67 % 256 - PARK FACILITY DIF FUND 1,9201,9204,000 4,000 -2,080 48.00 % 257 - FIRE PROTECTION DIF 11,67511,67540,000 40,000 -28,325 29.19 % 270 - ART IN PUBLIC PLACES FUND 15,97115,97188,500 88,500 -72,529 18.05 % 275 - LQ PUBLIC SAFETY OFFICER 002,100 2,100 -2,100 0.00 % 299 - INTEREST ALLOCATION FUND 86,59586,59500 86,595 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 00671,600 671,600 -671,600 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 0011,955,941 11,955,941 -11,955,941 0.00 % 501 - FACILITY & FLEET REPLACEMENT 00923,700 923,700 -923,700 0.00 % 502 - INFORMATION TECHNOLOGY 1,7391,7391,189,800 1,189,800 -1,188,061 0.15 % 503 - PARK EQUIP & FACILITY FUND 00675,000 675,000 -675,000 0.00 % 504 - INSURANCE FUND 00923,600 923,600 -923,600 0.00 % 601 - SILVERROCK RESORT 80,10980,1094,092,800 4,092,800 -4,012,691 1.96 % 602 - SILVERROCK GOLF RESERVE 0070,000 70,000 -70,000 0.00 % Report Total:940,181 940,18182,049,749 82,049,749 -81,109,568 1.15 % ATTACHMENT 1 Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers. For Fiscal: 2018/19 Period Ending: 07/31/2018 10/8/2018 11:45:10 AM Page 2 of 2 Fund Summary Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 1,514,5971,514,59751,153,413 51,158,113 49,643,516 2.96 % 201 - GAS TAX FUND 50,35550,3551,959,900 1,967,800 1,917,445 2.56 % 202 - LIBRARY & MUSEUM FUND 1,5051,5051,628,200 1,628,200 1,626,695 0.09 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 72,000 0.00 % 212 - SLESA (COPS) FUND 00100,000 100,000 100,000 0.00 % 215 - LIGHTING & LANDSCAPING FUND 12,13012,1301,582,700 1,585,400 1,573,270 0.77 % 217 - DEVELOPMENT AGREEMENT 0067,000 67,000 67,000 0.00 % 220 - QUIMBY FUND 003,956,000 3,956,000 3,956,000 0.00 % 221 - AB 939 - CALRECYCLE FUND 0035,000 35,000 35,000 0.00 % 223 - MEASURE A FUND 00961,708 961,708 961,708 0.00 % 230 - CASp FUND, AB 1379 004,000 4,000 4,000 0.00 % 235 - SO COAST AIR QUALITY FUND 0054,000 54,000 54,000 0.00 % 241 - HOUSING AUTHORITY 31,02831,028604,000 602,500 571,472 5.15 % 243 - RDA Low-Mod Housing Fund 00250,000 250,000 250,000 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)17,32117,32100 -17,321 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)351,458351,45800 -351,458 0.00 % 250 - TRANSPORTATION DIF FUND 00400,000 400,000 400,000 0.00 % 252 - CIVIC CENTER DIF FUND 00110,000 110,000 110,000 0.00 % 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00 % 255 - STREET FACILITY DIF FUND 0015,000 15,000 15,000 0.00 % 256 - PARK FACILITY DIF FUND 004,000 4,000 4,000 0.00 % 257 - FIRE PROTECTION DIF 0040,000 40,000 40,000 0.00 % 270 - ART IN PUBLIC PLACES FUND 4,6004,600322,000 322,000 317,400 1.43 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 00671,600 671,600 671,600 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 117,754117,75411,955,941 11,955,941 11,838,187 0.98 % 501 - FACILITY & FLEET REPLACEMENT 20,56920,569923,700 923,700 903,131 2.23 % 502 - INFORMATION TECHNOLOGY 45,67745,6771,090,700 1,079,300 1,033,623 4.23 % 503 - PARK EQUIP & FACILITY FUND 6,7506,750705,000 705,000 698,250 0.96 % 504 - INSURANCE FUND 620,171620,171921,100 918,500 298,329 67.52 % 601 - SILVERROCK RESORT 302,098302,0984,090,800 4,091,000 3,788,902 7.38 % 602 - SILVERROCK GOLF RESERVE 0050,200 50,200 50,200 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 12,83312,83300 -12,833 0.00 % Report Total:3,108,847 3,108,84783,757,962 83,757,962 80,649,115 3.71 % Accounts are subject to adjusting entries and audit. The City's Comprehensive Annual Financial Report (CAFR), published annually in December, is the best resource for all final audited numbers City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED AUGUST 31,2018 RECOMMENDATION Receive and file revenue and expenditure report dated August 31, 2018. EXECUTIVE SUMMARY • The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for August 2018 (Attachment 1). • Revenue and expenditure reports are also reviewed by City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2018 for fiscal year 2018/19. Current Total Budget – represents original adopted budgets plus any carryovers (typically associated with long-term Capital Improvement Projects (CIP) from the prior fiscal year) and any Council approved budget amendments from throughout the year. The 2017/18 CIP carryovers will be processed in October 2018 after the year-end audit is completed. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/ (Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. CONSENT CALENDAR ITEM. 4 Percent Used – represents the percentage activity as compared to budget YTD. August Revenues MTD YTD YTD Percent of Budget General Fund $ 409,350 $ 726,189 1.39% All Funds $ 812,296 $ 1,752,477 2.14% August Expenditures MTD YTD YTD Percent of Budget General Fund $ 1,187,539 $ 2,578,368 5.04% Payroll - General Fund $ 666,134 $ 1,810,800 18.00% All Funds $ 6,769,613 $ 9,737,343 11.63% Top Five Revenue/Income Sources for August General Fund Non-General Fund Transient Occupancy (Hotel) Tax $118,881 Gas Tax $114,180 Document Transfer Tax $51,816 SilverRock Greens Fees $ 89,735 Building Plan Check Fees $51,004 Allocated Interest $ 64,485 Franchise Tax- Burrtec $32,025 Development Impact Fees (Transportation) $ 28,420 Business Licenses $30,902 Housing Authority Rent $ 24,350 Top Five Expenditures/Outlays for August General Fund Non-General Fund Marketing and Tourism Promotions $ 80,160 Housing Construction(1) $3,909,433 Parks Landscape Maintenance $ 71,702 Housing Relocation Expense(1) $ 673,718 Greater Palm Springs Convention Bureau $ 60,322 SilverRock Maintenance $ 134,806 Riverside Sheriff $ 40,932 Property Insurance Premium $ 84,997 Contract Legal Services $ 35,296 Parks (Fitness Court) $ 64,021 (1)Washington Street Apartments housing construction and relocation expenses are a low/moderate income housing project funded with bond proceeds restricted for housing programs. The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. All funds are generally on target or under budget regarding expenditures. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director Attachment 1: Revenue and Expenditure Report for August 31, 2018 For Fiscal: 2018/19 Period Ending: 08/31/2018 10/26/2018 6:31:44 PM Page 2 of 2 Fund Summary - Revenue Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 726,189409,35052,297,400 52,297,400 -51,571,211 1.39 % 201 - GAS TAX FUND 182,752114,1801,965,500 1,965,500 -1,782,748 9.30 % 202 - LIBRARY & MUSEUM FUND 002,333,000 2,333,000 -2,333,000 0.00 % 203 - PUBLIC SAFETY FUND (MEASURE G)00200,000 200,000 -200,000 0.00 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 -72,000 0.00 % 212 - SLESA (COPS) FUND 00100,100 100,100 -100,100 0.00 % 215 - LIGHTING & LANDSCAPING FUND 001,586,100 1,586,100 -1,586,100 0.00 % 220 - QUIMBY FUND 00367,000 367,000 -367,000 0.00 % 221 - AB 939 - CALRECYCLE FUND 0063,700 63,700 -63,700 0.00 % 223 - MEASURE A FUND 00971,708 971,708 -971,708 0.00 % 225 - INFRASTRUCTURE FUND 00100100 -100 0.00 % 230 - CASp FUND, AB 1379 2,8831,4724,000 4,000 -1,117 72.08 % 231 - SUCCESSOR AGCY PA 1 RORF 6300 6 0.00 % 235 - SO COAST AIR QUALITY FUND 0051,500 51,500 -51,500 0.00 % 241 - HOUSING AUTHORITY 146,29043,333315,000 315,000 -168,710 46.44 % 243 - RDA Low-Mod Housing Fund 008,000 8,000 -8,000 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0030,000 30,000 -30,000 0.00 % 250 - TRANSPORTATION DIF FUND 130,30028,420369,000 369,000 -238,700 35.31 % 251 - PARKS & REC DIF FUND 118,78420,480508,200 508,200 -389,416 23.37 % 252 - CIVIC CENTER DIF FUND 34,7739,420110,000 110,000 -75,227 31.61 % 253 - LIBRARY DEVELOPMENT DIF 19,9523,44030,000 30,000 -10,048 66.51 % 254 - COMMUNITY CENTER DIF 7,4821,29015,400 15,400 -7,918 48.58 % 255 - STREET FACILITY DIF FUND 5,3101,16015,000 15,000 -9,690 35.40 % 256 - PARK FACILITY DIF FUND 2,3204004,000 4,000 -1,680 58.00 % 257 - FIRE PROTECTION DIF 16,0054,33040,000 40,000 -23,995 40.01 % 270 - ART IN PUBLIC PLACES FUND 21,1755,20488,500 88,500 -67,325 23.93 % 275 - LQ PUBLIC SAFETY OFFICER 002,100 2,100 -2,100 0.00 % 299 - INTEREST ALLOCATION FUND 151,08064,48500 151,080 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 00671,600 671,600 -671,600 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 0011,955,941 11,955,941 -11,955,941 0.00 % 501 - FACILITY & FLEET REPLACEMENT 00923,700 923,700 -923,700 0.00 % 502 - INFORMATION TECHNOLOGY 3,5741,8351,189,800 1,189,800 -1,186,226 0.30 % 503 - PARK EQUIP & FACILITY FUND 00675,000 675,000 -675,000 0.00 % 504 - INSURANCE FUND 00923,600 923,600 -923,600 0.00 % 601 - SILVERROCK RESORT 183,602103,4944,092,800 4,092,800 -3,909,198 4.49 % 602 - SILVERROCK GOLF RESERVE 0070,000 70,000 -70,000 0.00 % Report Total:812,296 1,752,47782,049,749 82,049,749 -80,297,272 2.14 % ATTACHMENT 1 For Fiscal: 2018/19 Period Ending: 08/31/2018 10/26/2018 6:22:05 PM Page 2 of 2 Fund Summary - Expenses Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 2,578,3681,187,53951,153,413 51,158,113 48,579,745 5.04 % 201 - GAS TAX FUND 112,45272,6941,959,900 1,967,800 1,855,348 5.71 % 202 - LIBRARY & MUSEUM FUND 48,33046,8251,628,200 1,628,200 1,579,870 2.97 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 72,000 0.00 % 212 - SLESA (COPS) FUND 00100,000 100,000 100,000 0.00 % 215 - LIGHTING & LANDSCAPING FUND 160,327150,8691,582,700 1,585,400 1,425,073 10.11 % 217 - DEVELOPMENT AGREEMENT 0067,000 67,000 67,000 0.00 % 220 - QUIMBY FUND 003,956,000 3,956,000 3,956,000 0.00 % 221 - AB 939 - CALRECYCLE FUND 0035,000 35,000 35,000 0.00 % 223 - MEASURE A FUND 00961,708 961,708 961,708 0.00 % 230 - CASp FUND, AB 1379 004,000 4,000 4,000 0.00 % 235 - SO COAST AIR QUALITY FUND 16716754,000 54,000 53,833 0.31 % 237 - SUCCESSOR AGCY PA 1 ADMIN 1,6501,65000 -1,650 0.00 % 241 - HOUSING AUTHORITY 55,09125,509604,000 602,500 547,409 9.14 % 243 - RDA Low-Mod Housing Fund 00250,000 250,000 250,000 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)724,190706,86900 -724,190 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)4,260,8913,909,43300 -4,260,891 0.00 % 250 - TRANSPORTATION DIF FUND 00400,000 400,000 400,000 0.00 % 252 - CIVIC CENTER DIF FUND 00110,000 110,000 110,000 0.00 % 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00 % 255 - STREET FACILITY DIF FUND 0015,000 15,000 15,000 0.00 % 256 - PARK FACILITY DIF FUND 004,000 4,000 4,000 0.00 % 257 - FIRE PROTECTION DIF 0040,000 40,000 40,000 0.00 % 270 - ART IN PUBLIC PLACES FUND 7,2962,696322,000 322,000 314,704 2.27 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 00671,600 671,600 671,600 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 234,938117,74411,955,941 11,955,941 11,721,003 1.97 % 501 - FACILITY & FLEET REPLACEMENT 54,55133,982923,700 923,700 869,149 5.91 % 502 - INFORMATION TECHNOLOGY 127,95682,2791,090,700 1,079,300 951,344 11.86 % 503 - PARK EQUIP & FACILITY FUND 70,77164,021705,000 705,000 634,230 10.04 % 504 - INSURANCE FUND 711,96693,240921,100 918,500 206,534 77.51 % 601 - SILVERROCK RESORT 575,567274,0974,090,800 4,091,000 3,515,433 14.07 % 602 - SILVERROCK GOLF RESERVE 0050,200 50,200 50,200 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 12,833000 -12,833 0.00 % Report Total:6,769,613 9,737,34383,757,962 83,757,962 74,020,619 11.63 % City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED SEPTEMBER 30, 2018 RECOMMENDATION Receive and file revenue and expenditure report dated September 30, 2018. EXECUTIVE SUMMARY •The report summarizes the City’s year-to-date (YTD) and period revenues and expenditures for September 2018 (Attachment 1). •Revenue and expenditure reports are also reviewed by the City Council. FISCAL IMPACT - None BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2018 for fiscal year 2018/19. Current Total Budget – represents original adopted budgets plus any carryovers (typically associated with long-term Capital Improvement Projects (CIP) from the prior fiscal year) and any Council approved budget amendments from throughout the year. Period Activity – represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity – represents actual revenues received and expenditures outlaid YTD. Variance Favorable/ (Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. CONSENT CALENDAR ITEM NO. 5 Percent Used – represents the percentage activity as compared to budget YTD. September Revenues MTD YTD YTD Percent of Budget General Fund $ 2,096,243 $ 2,822,432 5.40% All Funds $ 3,500,978 $ 5,253,455 4.25% September Expenditures MTD YTD YTD Percent of Budget General Fund $ 1,670,404 $ 4,248,771 7.53% Payroll - General Fund $ 615,450 $ 2,426,250 23.93% All Funds $ 18,463,314 $ 28,200,657 20.04% Top Five Revenue/Income Sources for September General Fund Non-General Fund Measure G Sales Tax $545,218 County Government Revenue - Library/Museum $ 878,574 Transient Occupancy (Hotel) Tax $522,966 SilverRock Greens Fees $ 120,360 Sales Tax $484,962 Housing Authority Deed Repayments $ 90,530 Property Tax $264,442 Gas Tax $ 65,113 Franchise Tax- Burrtec $ 36,807 County Sales Tax (Measure A) $ 57,154 Top Five Expenditures/Outlays for September General Fund Non-General Fund Sheriff Contract (July) $729,989 Successor Agency Debt Service(1) $12,947,699 Community Experiences $ 45,958 Housing Construction(2) $1,900,469 Marketing and Tourism Promotions $ 39,177 Capital Improvement Program- Construction(3) $ 799,161 TOT Resort Rebate Program $ 37,500 Capital Improvement Program- Design(4) $ 367,857 Parks Landscape Maintenance $ 35,851 Capital Improvement Program- Land(5) $ 170,474 (1)Interest and principal payments for redevelopment bonds, funded by dedicated Redevelopment Property Tax Trust Fund (RPTTF) revenue. (2)Housing construction expenses are from the Washington Street Apartments project, a low/moderate income housing project funded by bonds dedicated to housing uses. (3)CIP Construction: Pavement Management Plan (PMP), La Quinta High ADA improvements, Adams retention basin (4)CIP Design: Village Complete Streets, SilverRock event site, Dune Palms projects (5)CIP Land: Acquisitions related to Dune Palms projects The revenue report includes revenues and transfers into funds from other funds (income items). Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve. The expenditure report includes expenditures and transfers out to other funds. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. All funds are generally on target or under budget regarding expenditures. Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director Attachment 1: Revenue and Expenditure Report for September 30, 2018 ATTACHMENT 1 For Fiscal: 2018/19 Period Ending: 09/30/2018 11/7/2018 6:25:59 PM Page 2 of 2 Fund Summary-Revenue Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 2,822,4322,096,24352,297,400 52,297,400 -49,474,968 5.40 % 201 - GAS TAX FUND 247,86565,1131,965,500 1,965,500 -1,717,635 12.61 % 202 - LIBRARY & MUSEUM FUND 878,574878,5742,333,000 2,333,000 -1,454,426 37.66 % 203 - PUBLIC SAFETY FUND (MEASURE G)00200,000 200,000 -200,000 0.00 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 -72,000 0.00 % 212 - SLESA (COPS) FUND 00100,100 100,100 -100,100 0.00 % 215 - LIGHTING & LANDSCAPING FUND 001,586,100 1,586,100 -1,586,100 0.00 % 220 - QUIMBY FUND 00367,000 367,000 -367,000 0.00 % 221 - AB 939 - CALRECYCLE FUND 2,7622,76263,700 63,700 -60,938 4.34 % 223 - MEASURE A FUND 57,15457,154971,708 971,708 -914,554 5.88 % 225 - INFRASTRUCTURE FUND 00100100 -100 0.00 % 230 - CASp FUND, AB 1379 4,1741,2914,000 4,000 174 104.35 % 231 - SUCCESSOR AGCY PA 1 RORF 4,5284,52200 4,528 0.00 % 235 - SO COAST AIR QUALITY FUND 0051,500 51,500 -51,500 0.00 % 241 - HOUSING AUTHORITY 236,89890,608315,000 315,000 -78,102 75.21 % 243 - RDA Low-Mod Housing Fund 008,000 8,000 -8,000 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)0030,000 30,000 -30,000 0.00 % 250 - TRANSPORTATION DIF FUND 153,03622,736369,000 369,000 -215,964 41.47 % 251 - PARKS & REC DIF FUND 135,16816,384508,200 508,200 -373,032 26.60 % 252 - CIVIC CENTER DIF FUND 42,1637,390110,000 110,000 -67,837 38.33 % 253 - LIBRARY DEVELOPMENT DIF 22,7042,75230,000 30,000 -7,296 75.68 % 254 - COMMUNITY CENTER DIF 8,5141,03215,400 15,400 -6,886 55.29 % 255 - STREET FACILITY DIF FUND 6,23892815,000 15,000 -8,762 41.59 % 256 - PARK FACILITY DIF FUND 2,6403204,000 4,000 -1,360 66.00 % 257 - FIRE PROTECTION DIF 19,4023,39740,000 40,000 -20,598 48.50 % 270 - ART IN PUBLIC PLACES FUND 23,2462,07088,500 88,500 -65,254 26.27 % 275 - LQ PUBLIC SAFETY OFFICER 002,100 2,100 -2,100 0.00 % 299 - INTEREST ALLOCATION FUND 204,19153,11200 204,191 0.00 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 10671,600 671,600 -671,599 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 32,02932,02911,955,941 53,199,568 -53,167,539 0.06 % 501 - FACILITY & FLEET REPLACEMENT 00923,700 923,700 -923,700 0.00 % 502 - INFORMATION TECHNOLOGY 4,8891,3151,189,800 1,484,800 -1,479,911 0.33 % 503 - PARK EQUIP & FACILITY FUND 00675,000 675,000 -675,000 0.00 % 504 - INSURANCE FUND 00923,600 923,600 -923,600 0.00 % 601 - SILVERROCK RESORT 324,387140,7854,092,800 4,092,800 -3,768,413 7.93 % 602 - SILVERROCK GOLF RESERVE 0070,000 70,000 -70,000 0.00 % 761 - CERBT OPEB TRUST 20,46220,46200 20,462 0.00 % Report Total:3,500,978 5,253,45582,049,749 123,588,376 -118,334,921 4.25 % City of La Quinta For Fiscal: 2018/19 Period Ending: 09/30/2018 11/7/2018 6:24:27 PM Page 2 of 2 Fund Summary-Expenditures Fiscal Activity Variance Favorable (Unfavorable)Fund Period Activity Current Total Budget Original Total Budget Percent Used 101 - GENERAL FUND 4,248,7711,670,40451,153,413 56,449,928 52,201,157 7.53 % 201 - GAS TAX FUND 173,93661,4831,959,900 2,010,829 1,836,894 8.65 % 202 - LIBRARY & MUSEUM FUND 77,09328,7631,628,200 1,628,200 1,551,107 4.73 % 210 - FEDERAL ASSISTANCE FUND 0072,000 72,000 72,000 0.00 % 212 - SLESA (COPS) FUND 00100,000 100,000 100,000 0.00 % 215 - LIGHTING & LANDSCAPING FUND 253,38293,0541,582,700 1,785,400 1,532,018 14.19 % 217 - DEVELOPMENT AGREEMENT 32032067,000 67,000 66,680 0.48 % 220 - QUIMBY FUND 003,956,000 7,298,488 7,298,488 0.00 % 221 - AB 939 - CALRECYCLE FUND 3,3243,32435,000 35,000 31,676 9.50 % 223 - MEASURE A FUND 00961,708 4,733,403 4,733,403 0.00 % 225 - INFRASTRUCTURE FUND 00022,618 22,618 0.00 % 230 - CASp FUND, AB 1379 004,000 4,000 4,000 0.00 % 231 - SUCCESSOR AGCY PA 1 RORF 12,947,69912,947,69900 -12,947,699 0.00 % 235 - SO COAST AIR QUALITY FUND 167054,000 54,000 53,833 0.31 % 237 - SUCCESSOR AGCY PA 1 ADMIN 1,650000 -1,650 0.00 % 241 - HOUSING AUTHORITY 67,66012,569604,000 602,500 534,840 11.23 % 243 - RDA Low-Mod Housing Fund 00250,000 250,000 250,000 0.00 % 248 - SA 2004 LO/MOD BOND FUND (Refinanced in 2014)751,28727,09600 -751,287 0.00 % 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016)6,161,3591,900,46900 -6,161,359 0.00 % 250 - TRANSPORTATION DIF FUND 00400,000 2,551,507 2,551,507 0.00 % 252 - CIVIC CENTER DIF FUND 00110,000 110,000 110,000 0.00 % 253 - LIBRARY DEVELOPMENT DIF 0030,000 30,000 30,000 0.00 % 254 - COMMUNITY CENTER DIF 000101,639 101,639 0.00 % 255 - STREET FACILITY DIF FUND 0015,000 15,000 15,000 0.00 % 256 - PARK FACILITY DIF FUND 004,000 4,000 4,000 0.00 % 257 - FIRE PROTECTION DIF 0040,000 40,000 40,000 0.00 % 270 - ART IN PUBLIC PLACES FUND 15,3218,025322,000 522,000 506,679 2.94 % 310 - LQ FINANCE AUTHORITY DEBT SERVICE 00671,600 671,600 671,600 0.00 % 401 - CAPITAL IMPROVEMENT PROGRAMS 1,637,0221,402,08411,955,941 53,210,575 51,573,553 3.08 % 501 - FACILITY & FLEET REPLACEMENT -36,501-91,052923,700 1,005,784 1,042,284 -3.63 % 502 - INFORMATION TECHNOLOGY 180,86952,9131,090,700 1,574,200 1,393,331 11.49 % 503 - PARK EQUIP & FACILITY FUND 80,2609,489705,000 705,000 624,741 11.38 % 504 - INSURANCE FUND 716,2954,329921,100 918,500 202,205 77.99 % 601 - SILVERROCK RESORT 907,911332,3444,090,800 4,091,000 3,183,089 22.19 % 602 - SILVERROCK GOLF RESERVE 0050,200 50,200 50,200 0.00 % 760 - SUPPLEMENTAL PENSION PLAN 12,833000 -12,833 0.00 % Report Total:18,463,314 28,200,65783,757,962 140,714,371 112,513,714 20.04 % City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FIRST QUARTER 2018/19 TREASURY REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2018 RECOMMENDATION Receive and file the first quarter fiscal year 2018/19 Treasury Reports for July, August, and September 2018. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The portfolio decreased $20.04 million, from $149.91 million at the end of June to $129.87 million at the end of September. The decrease reflects debt service obligations that were paid during the quarter ($12.3 million) and expenditures related to housing construction project ($7.7 million). Any remaining variance reflects revenue, expenditure, and investment activities during the quarter. The market continued to react to the political climate and economic news, and staff worked with the City’s broker to capitalize on market conditions. The Investment Type July August September Max Allowed Bank Accounts 3.45% 1.82% 0.54% 85% Local Agency Investment Fund (LAIF) Housing 13.86% 12.39% 12.36% (1)(2) Local Agency Investment Fund (LAIF) City 41.62% 34.23% 38.21% (1) Federal Agency Coupons 14.41% 14.95% 16.69% 30% Treasury Coupons 11.88% 12.34% 13.77% 100% Certificates of Deposit (CD's)11.46% 11.89% 13.28% 30% Corporate Notes 2.31% 2.40% 2.68% 10% Money Market Pool Accounts-CAMP (new)0.00% 0.00% 0.77% 20% Money Market with Fiscal Agent 0.00% 8.93% 0.52% (2) Managed Pool Accounts-OPEB Trust 1.01% 1.05% 1.19% (3) Total 100% 100% 100% (2) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy (3) OPEB trust is a fiduciary account and not subject to City Investment Policy Portfolio Allocations Percent of Portfolio (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio CONSENT CALENDAR ITEM NO. 6 fiscal year annual effective rate of return is 1.75% as of September, a 44 bps increase over fiscal 2017/18. Throughout the quarter, two CDs matured for a total PAR value of $480,000. This money, along with an additional $499,000, was used to purchase four new investments, which are summarized in the table below and in the attached reports. This quarter the City also opened the local government investment pool account with the California Asset Management Program, with an initial $1,000,000 in funding. Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director/City Treasurer Attachment: 1.Treasurer’s Report for July 1 to September 30, 2018 Total Earnings Average Days to Maturity Effective Rate of Return YTD July 232,493.91$ 339 1.73% August 220,502.97$ 340 1.78% September 207,313.13$ 366 1.75% Quarter 660,310.01$ 348 1.75% Issuer Type Par Value Purchase Date Coupon Rate Maturity YTM First National Bank of America CD 245,000$ 7/20/2018 3.15 7/20/2023 3.15 Eagle Bank CD 245,000$ 7/20/2018 2.85 1/20/2021 2.85 Bank of New England CD 249,000$ 7/31/2018 3.25 7/31/2023 3.25 GE Credit Union CD 240,000$ 8/15/2018 3.10 8/16/2021 3.10 California Asset Management Program (CAMP)Pool 1,000,000$ 9/26/2018 Investments by Purchase Date ATTACHMENT 1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value July 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,000.00 3,000.0007/01/2016 3,000.00 1SYS1059 0.000 1First Empire Bank1060 0.00 0.0007/01/2016 0.00 1SYS1060 0.000 1La Quinta Palms Realty1062 229,777.45 229,777.4507/01/2016 229,777.45 1SYS1062 0.000 1Wells Fargo1057 4,956,825.12 4,956,825.1207/01/2016 4,956,825.12 14159282482 0.000 1Washington St Apt La Quinta1061 0.00 0.0007/01/2016 0.00 1SYS1061 0.000 5,189,602.57 15,189,602.575,189,602.5715,211,922.11Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 20,853,317.92 20,853,317.92 1.94410/31/2017 20,808,848.54 125-33-005 1.944 20,853,317.92 120,808,848.5420,853,317.9223,067,776.77Subtotal and Average 1 1.944 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 62,617,395.42 62,617,395.42 1.94462,524,894.47 198-33-434 1.944 62,617,395.42 162,524,894.4762,617,395.4258,333,139.23Subtotal and Average 1 1.944 Federal Agency Coupon Securities 345Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 985,930.00 7323133EGLC7 1.456 1,127Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 964,970.00 1,3923133EHWM1 1.913 323Federal Farm Credit Bank1141 500,000.00 494,750.00 06/20/20191.21005/31/2018 494,335.00 3853133EGFU4 2.224 646Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 490,395.00 7083133EHJA2 2.427 1,001Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,397,700.00 1,8263130A7QZ1 1.423 817Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,421,325.00 1,4613130A9UQ2 1.375 772Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 976,790.00 1,0373130A66T9 1.741 1,672Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 993,850.00 1,7933130ADMF6 3.111 1,001Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,453,200.00 1,8263134G8Y37 1.400 1,336Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,932,700.00 1,8263134GBAE2 2.106 1,246Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 967,760.00 1,6373134GBXF4 2.012 1,456Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 966,610.00 1,8263134GBWG3 2.150 1,643Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 980,410.00 1,8263134GSCD5 2.550 1,667Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 737,250.00 1,7883134GSCQ6 2.849 257Federal Home Loan Mtg Corp1129 500,000.00 495,250.00 04/15/20191.12505/10/2018 495,700.00 3403137EADZ9 2.161 544Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,971,720.00 1,0363135G0S53 1.700 407Federal National Mtg Assn1139 500,000.00 496,700.00 09/12/20191.75005/31/2018 495,760.00 4693135G0ZG1 2.275 366Federal National Mtg Assn1140 500,000.00 492,000.00 08/02/20190.87505/31/2018 492,150.00 4283135G0N33 2.269 21,678,425.00 1,43821,218,555.0021,750,000.0021,678,425.00Subtotal and Average 981 1.878 Portfolio CITY CP Run Date: 10/26/2018 - 16:01 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value July 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,064U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,771,700.00 1,808912828S27 1.125 75U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,494,175.00 721912828L81 0.829 608U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,448,925.00 1,107912828J84 1.602 501U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,459,775.00 1,000912828U73 1.513 1,187U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,904,920.00 1,679912828T67 1.903 106U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 498,835.00 371912828M64 1.481 745U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 976,760.00 9369128282Q2 2.071 303U.S. Treasury1130 1,000,000.00 992,600.00 05/31/20191.50005/10/2018 992,730.00 386912828WL0 2.211 121U.S. Treasury1131 500,000.00 498,000.00 11/30/20181.25005/10/2018 498,635.00 204912828A34 1.974 638U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 487,090.00 700912828VA5 2.387 17,882,540.00 1,19017,533,545.0018,000,000.0017,882,540.00Subtotal and Average 673 1.469 Certificate of Deposits 292First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 239,066.40 1,82631938QH72 1.751 477First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,309.60 853320165HX4 1.653 90First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,892.00 1,64432082BDF3 1.501 1,814First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 243,316.85 1,82632110YLK9 3.152 810First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 244,272.35 91533715LBJ8 2.623 1,279Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 240,398.90 1,46288413QBY3 2.502 1,412Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 244,794.20 1,46101748DBE5 3.102 1,534Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 236,138.35 1,82601859BAA3 2.251 145Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,628.00 1,09602006LWX7 1.702 992Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 234,787.20 1,46102587DP85 2.252 1,489American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 231,033.60 1,82602587CFU9 2.402 1,694Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 240,310.70 1,826034577AH9 2.802 1,546Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 231,676.80 1,82606740KLJ4 2.291 1,209Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 237,757.80 1,462080515CD9 2.101 1,303BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 232,932.00 1,82605580AGK4 2.201 897Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 233,832.00 1,28006610RAP4 1.804 1,041Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,334.40 1,46114042RGD7 2.252 679Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,496.50 1,827140420RX0 1.902 936Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 232,862.40 1,82720033APG5 1.702 13CIT Bank UT1008 240,000.00 240,000.00 08/14/20181.90008/14/2013 240,007.20 1,82617284CKN3 1.901 1,714Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 241,227.00 1,82617312QJ26 2.902 296City National Bank of Florida1132 240,000.00 240,000.00 05/24/20192.20005/24/2018 239,896.80 36517801DDT0 2.200 1,078Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 232,310.40 1,46115523RBJ4 1.851 Portfolio CITY CP Run Date: 10/26/2018 - 16:01 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value July 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 308Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,685.60 1,46120786ABD6 1.501 1,570CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 235,249.00 1,82422766ACB9 2.201 1,280Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 233,522.40 1,8262546722U1 2.251 538Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,745.60 916259744DS6 1.655 903Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 244,774.60 91527002YDV5 2.858 1,731EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 236,700.00 1,82429278TAY6 2.952 1,580Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 234,658.55 1,82629367QCP1 2.151 272Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,659.20 1,826294209AQ4 1.651 674EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 243,392.16 1,82729976DXX3 1.702 188Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 246,968.32 1,341307814DC4 1.252 1,367Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 237,420.00 1,46030960QAG2 2.802 874Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,352.35 1,09635638BAA9 2.052 292Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 239,071.20 1,827402194EB6 1.724 1,364Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 234,079.20 1,82638148PJK4 2.401 712First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 235,332.00 1,096319141GT8 1.752 1,443HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 232,600.80 1,82640434YLE5 2.301 650Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 240,923.20 915472376AC6 1.751 1,385Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 236,135.90 1,64250116CBE8 2.099 1,611Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 236,848.85 1,826499724AB8 2.401 706Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 235,399.20 1,09658740XZL7 1.752 212Metabank Sioux Falls1133 245,000.00 245,000.00 03/01/20192.05005/15/2018 244,928.95 29059101LDR5 2.057 681Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 243,077.20 1,827063615AVO 1.652 474Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,748.45 73261747MA92 1.800 133Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,481.68 1,279619165GE7 1.251 474Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,591.65 73261760AEP0 1.750 1,560Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 236,334.35 1,82662384RAC0 2.301 1,182Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 237,571.20 1,279666613GV0 2.703 1,825Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 248,370.03 1,82606426KAN8 3.252 208New York Community Bank1137 245,000.00 245,000.00 02/25/20192.05005/25/2018 244,926.50 276649447RL5 2.050 1,267The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 230,822.40 1,645677721CN0 1.903 1,407PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 243,929.35 1,46169324MAD7 3.002 300Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,500.80 1,826704692AL6 1.801 1,029PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 231,208.80 1,82674267GVG9 1.501 1,784RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 243,488.35 1,82674934YAH4 3.152 845First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 239,205.75 1,251319267GC8 1.802 400Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 246,068.08 1,55376951DAL4 1.402 Portfolio CITY CP Run Date: 10/26/2018 - 16:01 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value July 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,420Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 233,215.20 1,826795450A70 2.351 307Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,695.52 1,46183427LAX2 1.401 629Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,610.40 1,096857894TC3 1.588 1,401Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 233,798.40 1,82687164XQV1 2.401 1,003Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 239,092.80 1,09689214PBL2 2.800 1,468Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 243,654.95 1,52289269CBX9 3.002 288Union BankNA1136 240,000.00 240,000.00 05/16/20192.20005/16/2018 239,932.80 36590521AQW1 2.200 958Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 242,716.60 1,09691330ABN6 2.552 1,748University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 237,655.20 1,82791435LAG2 3.052 265Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,673.60 1,82694768NJQ8 1.801 209Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,378.40 1,0969497483N5 1.201 684Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 245,017.15 73392937CHG6 2.754 17,240,000.00 1,44216,975,494.1417,240,000.0016,791,000.00Subtotal and Average 935 2.148 Corporate Notes 1,099Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 479,535.00 1,514037833CC2 1.900 212Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,985,380.00 702478160BR4 1.305 554Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 493,715.00 745594918BV5 2.081 443Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 493,060.00 71089236TDH5 1.681 3,482,700.00 8243,451,690.003,500,000.003,482,700.00Subtotal and Average 420 1.554 Money Market with Fiscal Agent 1US Bank1058 3,033.07 3,033.0707/01/2016 3,033.07 1SYS1058 0.000 3,033.07 13,033.073,033.073,030.38Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,521,278.48 1,521,278.4812/18/2017 1,521,278.48 1SYS1114 0.000 1,521,278.48 11,521,278.481,521,278.481,521,278.48Subtotal and Average 1 0.000 534157,971,811.96 150,674,627.46 339 1.806149,226,941.27 150,468,292.46Total and Average Portfolio CITY CP Run Date: 10/26/2018 - 16:01 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund July 1, 2018 - July 31, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,000,000.0010722,000,000.00 1.700FNMA 2,833.34 0.00 2,833.341.6681012,000,000.003135G0S53 0.00 492,000.001140500,000.00 0.875FNMA 364.59 0.00 364.590.873101492,000.003135G0N33 0.00 496,700.001139500,000.00 1.750FNMA 729.16 0.00 729.161.728101496,700.003135G0ZG1 0.00 746,625.001122750,000.00 2.750FHLMC 1,718.75 0.00 1,718.752.710101746,625.003134GSCQ6 0.00 495,250.001129500,000.00 1.125FHLMC 468.75 0.00 468.751.114101495,250.003137EADZ9 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 3,125.00 0.00 3,125.001.4721012,500,000.003134G8Y37 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1101011,000,000.003134GBWG3 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5021011,000,000.003134GSCD5 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.66 0.00 1,666.661.963101999,500.003134GBXF4 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.34 0.00 3,333.341.9721011,990,000.003134GBAE2 0.00 491,750.001142500,000.00 1.550FFCB 645.84 0.00 645.841.546101491,750.003133EHJA2 0.00 494,750.001141500,000.00 1.210FFCB 504.17 0.00 504.171.200101494,750.003133EGFU4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.068101992,600.003133EGLC7 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.681101992,200.003133EHWM1 0.00 2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3491012,500,000.003130A9UQ2 0.00 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3291012,491,250.003130A7QZ1 0.00 996,800.0011041,000,000.00 1.625FHLB 1,354.16 0.00 1,354.161.600101996,800.003130A66T9 0.00 999,000.0011211,000,000.00 2.375FHLB 1,979.17 0.00 1,979.172.333101999,000.003130ADMF6 0.00 498,000.001131500,000.00 1.250USTR 529.37 0.00 529.371.252101498,000.00912828A34 0.00 2,502,250.0010632,500,000.00 0.875USTR 1,852.80 0.00 1,852.800.8721012,502,250.00912828L81 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,911.54 0.00 2,911.541.3801012,483,250.00912828J84 0.00 488,250.001138500,000.00 1.125USTR 473.85 0.00 473.851.143101488,250.00912828VA5 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,911.55 0.00 2,911.551.3761012,490,750.00912828U73 0.00 992,600.0011301,000,000.00 1.500USTR 1,270.49 0.00 1,270.491.507101992,600.00912828WL0 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,105.97 0.00 2,105.971.2761011,942,800.00912828T67 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,738.45 0.00 4,738.451.1161015,000,000.00912828S27 0.00 985,800.0011171,000,000.00 1.500USTR 1,284.53 0.00 1,284.531.534101985,800.009128282Q2 0.00 498,840.001103500,000.00 1.250USTR 526.50 0.00 526.501.243101498,840.00912828M64 0.00 240,000.001043240,000.00 1.200WELLS 244.60 0.00 244.601.200101240,000.009497483N5 0.00 4,956,825.1210574,956,825.12WELLS 0.01 0.00 0.0110115,172,389.624159282482 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:44 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest July 1, 2018 - July 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001078240,000.00 2.400GLDMAN 489.21 0.00 489.212.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00 240,000.001008240,000.00 1.900CITI 387.29 0.00 387.291.900101240,000.0017284CKN3 0.00 240,000.001042240,000.00 1.800WEB 366.91 0.00 366.911.800101240,000.0094768NJQ8 0.00 240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 240,000.001020240,000.00 1.5001STMER 305.75 0.00 305.751.500101240,000.0032082BDF3 0.00 240,000.001016240,000.00 1.650EPHRAT 336.33 0.00 336.331.650101240,000.00294209AQ4 0.00 0.0010330.00 1.400REGAL 138.08 0.00 138.081.400101240,000.0075874TAH4 0.00 240,000.001019240,000.00 1.7501STBUS 356.72 0.00 356.721.750101240,000.0031938QH72 0.00 240,000.001024240,000.00 1.750GCB 356.71 0.00 356.711.750101240,000.00402194EB6 0.00 240,000.001031240,000.00 1.800PEAPAC 366.90 0.00 366.901.800101240,000.00704692AL6 0.00 240,000.001128240,000.00 2.800TOWNE 569.18 0.00 569.182.792101240,000.0089214PBL2 0.00 248,000.001030248,000.00 1.250MORTN 263.29 0.00 263.291.250101248,000.00619165GE7 0.00 248,000.001018248,000.00 1.250FARMER 263.28 0.00 263.281.250101248,000.00307814DC4 0.00 248,000.001035248,000.00 1.400SOLOM 294.88 0.00 294.881.400101248,000.0083427LAX2 0.00 248,000.001011248,000.00 1.500CONNEC 315.94 0.00 315.941.500101248,000.0020786ABD6 0.00 248,000.001034248,000.00 1.400RVRW 294.89 0.00 294.891.400101248,000.0076951DAL4 0.00 248,000.001017248,000.00 1.700EVRBA 358.07 0.00 358.071.700101248,000.0029976DXX3 0.00 245,000.001006245,000.00 1.900CAPONE 395.35 0.00 395.351.900101245,000.00140420RX0 0.00 248,000.001002248,000.00 1.650MIDWES 347.54 0.00 347.541.650101248,000.00063615AVO 0.00 240,000.001001240,000.00 1.700ALLY 346.52 0.00 346.521.700101240,000.0002006LWX7 0.00 240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00 240,000.001032240,000.00 1.500PRVTBA 305.75 0.00 305.751.500101240,000.0074267GVG9 0.00 62,617,395.42105562,617,395.42 1.944LAIF 106,862.39 0.00 106,862.392.15710149,383,066.9298-33-434 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1081011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 326.14 0.00 326.141.600101240,000.00857894TC3 0.00 493,050.001079500,000.00 1.550APPL 645.84 0.00 645.841.542101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 489.21 0.00 489.212.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 374.55 0.00 374.551.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 479.01 0.00 479.012.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 377.10 0.00 377.101.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 366.90 0.00 366.901.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 356.71 0.00 356.711.750101240,000.0058740XZL7 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:44 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest July 1, 2018 - July 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001088240,000.00 2.300HSBC 468.82 0.00 468.822.300101240,000.0040434YLE5 0.00 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 240,000.001091240,000.00 1.6501STFRM 336.33 0.00 336.331.650101240,000.00320165HX4 0.00 240,000.001093240,000.00 1.650DOUGLS 336.33 0.00 336.331.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 356.71 0.00 356.711.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00 498,750.001098500,000.00 1.550TOYOTA 645.83 0.00 645.831.525101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 478.58 0.00 478.582.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 364.14 0.00 364.141.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.97 0.00 436.972.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 364.15 0.00 364.151.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 374.55 0.00 374.551.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 426.57 0.00 426.572.050101245,000.0035638BAA9 0.00 3,000.0010593,000.00CITYPC 0.00 0.00 0.001013,000.00SYS1059 0.00 1,521,278.4811141,521,278.48CALPRS 0.00 0.00 0.001010.00SYS1114 0.00 497,700.001118500,000.00 1.850MCRSFT 770.84 0.00 770.841.824101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 603.43 0.00 603.432.900101245,000.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 561.82 0.00 561.822.700101245,000.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00 240,000.001132240,000.00 2.200CNBF 448.44 0.00 448.442.200101240,000.0017801DDT0 0.00 245,000.001133245,000.00 2.050METASF 426.57 0.00 426.572.050101245,000.0059101LDR5 0.00 240,000.001134240,000.00 3.050UOFICU 621.69 0.00 621.693.050101240,000.0091435LAG2 0.00 245,000.001137245,000.00 2.050NYCMBK 426.57 0.00 426.572.050101245,000.00649447RL5 0.00 240,000.001136240,000.00 2.200UNION 448.44 0.00 448.442.200101240,000.0090521AQW1 0.00 245,000.001143245,000.00 3.100ALLGNC 645.05 0.00 645.053.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 245,000.001145245,000.00 2.750WEX 572.23 0.00 572.232.750101245,000.0092937CHG6 0.00 245,000.001146245,000.00 2.850EAGLE 210.43 0.00 210.432.8501010.0027002YDV5 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:44 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest July 1, 2018 - July 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001147245,000.00 3.1501STNBA 232.58 0.00 232.583.1501010.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 249,000.001151249,000.00 3.250NWENGL 0.00 0.00 0.001010.0006426KAN8 0.00 129,588,499.02Subtotal 129,382,164.02 1.664 190,137.220.00190,137.22124,343,121.54 0.00 Fund: 1st Empire Securities Cash Bal 0.0010600.00EMPIRE 95.29 0.00 95.290.84010270,067.00SYS1060 0.00 0.00Subtotal 0.00 0.840 95.290.0095.2970,067.00 0.00 Fund: Fiscal Agent 3,033.0710583,033.07USBANK 2.78 0.00 2.781.0802313,030.29SYS1058 0.00 3,033.07Subtotal 3,033.07 1.080 2.780.002.783,030.29 0.00 Fund: Housing Authority : WSA and LQ 229,777.451062229,777.45LQPR 0.00 0.00 0.00241232,576.82SYS1062 0.00 229,777.45Subtotal 229,777.45 0.000.000.00232,576.82 0.00 Fund: SA Low/Mod Bond Fund 20,853,317.92111320,853,317.92 1.944LAIF 42,258.62 0.00 42,258.622.15724923,740,669.9525-33-005 0.00 20,853,317.92Subtotal 20,853,317.92 2.157 42,258.620.0042,258.6223,740,669.95 0.00 150,674,627.46Total 150,468,292.46 1.733 232,493.910.00232,493.91148,389,465.60 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:44 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value August 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,000.00 3,000.0007/01/2016 3,000.00 1SYS1059 0.000 1First Empire Bank1060 0.00 0.0007/01/2016 0.00 1SYS1060 0.000 1La Quinta Palms Realty1062 242,097.45 242,097.4507/01/2016 242,097.45 1SYS1062 0.000 1Wells Fargo1057 2,390,616.49 2,390,616.4907/01/2016 2,390,616.49 14159282482 0.000 2,635,713.94 12,635,713.942,635,713.945,114,989.46Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 17,953,317.92 17,953,317.92 1.99817,908,848.54 125-33-005 1.998 17,953,317.92 117,908,848.5417,953,317.9220,385,575.98Subtotal and Average 1 1.998 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 49,617,395.42 49,617,395.42 1.99849,524,894.47 198-33-434 1.998 49,617,395.42 149,524,894.4749,617,395.4253,681,911.55Subtotal and Average 1 1.998 Federal Agency Coupon Securities 314Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 988,370.00 7323133EGLC7 1.456 1,096Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 968,960.00 1,3923133EHWM1 1.913 292Federal Farm Credit Bank1141 500,000.00 494,750.00 06/20/20191.21005/31/2018 495,180.00 3853133EGFU4 2.224 615Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 490,880.00 7083133EHJA2 2.427 970Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,405,925.00 1,8263130A7QZ1 1.423 786Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,427,650.00 1,4613130A9UQ2 1.375 741Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 979,610.00 1,0373130A66T9 1.741 1,641Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 995,840.00 1,7933130ADMF6 3.111 970Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,459,125.00 1,8263134G8Y37 1.400 1,305Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,941,300.00 1,8263134GBAE2 2.106 1,215Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 971,100.00 1,6373134GBXF4 2.012 1,425Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 971,120.00 1,8263134GBWG3 2.150 1,612Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 970,820.00 1,8263134GSCD5 2.550 1,636Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 740,767.50 1,7883134GSCQ6 2.849 226Federal Home Loan Mtg Corp1129 500,000.00 495,250.00 04/15/20191.12505/10/2018 496,270.00 3403137EADZ9 2.161 513Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,974,700.00 1,0363135G0S53 1.700 376Federal National Mtg Assn1139 500,000.00 496,700.00 09/12/20191.75005/31/2018 496,240.00 4693135G0ZG1 2.275 335Federal National Mtg Assn1140 500,000.00 492,000.00 08/02/20190.87505/31/2018 492,815.00 4283135G0N33 2.269 21,678,425.00 1,43821,266,672.5021,750,000.0021,678,425.00Subtotal and Average 950 1.878 Portfolio CITY CP Run Date: 11/08/2018 - 15:43 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value August 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,033U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,788,850.00 1,808912828S27 1.125 44U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,496,800.00 721912828L81 0.829 577U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,453,125.00 1,107912828J84 1.602 470U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,463,175.00 1,000912828U73 1.513 1,156U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,912,420.00 1,679912828T67 1.903 75U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 499,195.00 371912828M64 1.481 714U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 978,630.00 9369128282Q2 2.071 272U.S. Treasury1130 1,000,000.00 992,600.00 05/31/20191.50005/10/2018 993,520.00 386912828WL0 2.211 90U.S. Treasury1131 500,000.00 498,000.00 11/30/20181.25005/10/2018 498,965.00 204912828A34 1.974 607U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 488,085.00 700912828VA5 2.387 17,882,540.00 1,19017,572,765.0018,000,000.0017,882,540.00Subtotal and Average 642 1.469 Certificate of Deposits 261First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 239,304.00 1,82631938QH72 1.751 446First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,523.20 853320165HX4 1.653 59First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,968.80 1,64432082BDF3 1.501 1,783First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 243,373.20 1,82632110YLK9 3.152 779First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 244,326.25 91533715LBJ8 2.623 1,248Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 240,587.55 1,46288413QBY3 2.502 1,381Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 244,965.70 1,46101748DBE5 3.102 1,503Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 236,518.10 1,82601859BAA3 2.251 114Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,757.60 1,09602006LWX7 1.702 961Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 234,976.80 1,46102587DP85 2.252 1,458American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 231,268.80 1,82602587CFU9 2.402 1,663Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 240,509.15 1,826034577AH9 2.802 1,515Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 232,034.40 1,82606740KLJ4 2.291 1,178Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 237,975.85 1,462080515CD9 2.101 1,272BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 233,169.60 1,82605580AGK4 2.201 866Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 234,064.80 1,28006610RAP4 1.804 1,010Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,500.00 1,46114042RGD7 2.252 648Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,739.05 1,827140420RX0 1.902 905Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 233,116.80 1,82720033APG5 1.702 1,683Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 241,396.05 1,82617312QJ26 2.902 265City National Bank of Florida1132 240,000.00 240,000.00 05/24/20192.20005/24/2018 240,045.60 36517801DDT0 2.200 1,047Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 232,550.40 1,46115523RBJ4 1.851 277Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,968.32 1,46120786ABD6 1.501 Portfolio CITY CP Run Date: 11/08/2018 - 15:43 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value August 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,539CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 235,616.50 1,82422766ACB9 2.201 1,249Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 233,733.60 1,8262546722U1 2.251 507Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,980.80 916259744DS6 1.655 872Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 244,811.35 91527002YDV5 2.858 1,700EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 236,846.40 1,82429278TAY6 2.952 1,549Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 235,030.95 1,82629367QCP1 2.151 241Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,810.40 1,826294209AQ4 1.651 643EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 243,684.80 1,82729976DXX3 1.702 157Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 247,213.84 1,341307814DC4 1.252 1,336Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 237,612.00 1,46030960QAG2 2.802 843Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,543.45 1,09635638BAA9 2.052 261Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 239,306.40 1,827402194EB6 1.724 1,080General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 240,700.80 1,097369674AV8 3.100 1,333Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 234,340.80 1,82638148PJK4 2.401 681First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 235,622.40 1,096319141GT8 1.752 1,412HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 232,932.00 1,82640434YLE5 2.301 619Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 241,182.90 915472376AC6 1.751 1,354Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 236,469.10 1,64250116CBE8 2.099 1,580Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 237,160.00 1,826499724AB8 2.401 675Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 235,687.20 1,09658740XZL7 1.752 181Metabank Sioux Falls1133 245,000.00 245,000.00 03/01/20192.05005/15/2018 245,044.10 29059101LDR5 2.057 650Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 243,379.76 1,827063615AVO 1.652 443Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,939.55 73261747MA92 1.800 102Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,650.32 1,279619165GE7 1.251 443Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,792.55 73261760AEP0 1.750 1,529Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 236,689.60 1,82662384RAC0 2.301 1,151Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 237,662.40 1,279666613GV0 2.703 1,794Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 248,402.40 1,82606426KAN8 3.252 177New York Community Bank1137 245,000.00 245,000.00 02/25/20192.05005/25/2018 245,036.75 276649447RL5 2.050 1,236The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 231,105.60 1,645677721CN0 1.903 1,376PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 244,118.00 1,46169324MAD7 3.002 269Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,702.40 1,826704692AL6 1.801 998PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 231,496.80 1,82674267GVG9 1.501 1,753RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 243,566.75 1,82674934YAH4 3.152 814First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 239,440.95 1,251319267GC8 1.802 369Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 246,246.64 1,55376951DAL4 1.402 Portfolio CITY CP Run Date: 11/08/2018 - 15:43 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value August 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,389Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 233,522.40 1,826795450A70 2.351 276Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,975.76 1,46183427LAX2 1.401 598Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,891.20 1,096857894TC3 1.588 1,370Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 234,084.00 1,82687164XQV1 2.401 972Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 239,150.40 1,09689214PBL2 2.800 1,437Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 243,892.60 1,52289269CBX9 3.002 257Union BankNA1136 240,000.00 240,000.00 05/16/20192.20005/16/2018 240,067.20 36590521AQW1 2.200 927Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 242,819.50 1,09691330ABN6 2.552 1,717University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 237,770.40 1,82791435LAG2 3.052 234Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,817.60 1,82694768NJQ8 1.801 178Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,568.00 1,0969497483N5 1.201 653Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 245,102.90 73392937CHG6 2.754 17,240,000.00 1,43216,990,862.2417,240,000.0017,232,258.06Subtotal and Average 919 2.165 Corporate Notes 1,068Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 480,970.00 1,514037833CC2 1.900 181Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,988,200.00 702478160BR4 1.305 523Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 494,575.00 745594918BV5 2.081 412Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 493,670.00 71089236TDH5 1.681 3,482,700.00 8243,457,415.003,500,000.003,482,700.00Subtotal and Average 389 1.554 Money Market with Fiscal Agent 1US Bank1058 12,947,879.13 12,947,879.1307/01/2016 12,947,879.13 1SYS1058 0.000 12,947,879.13 112,947,879.1312,947,879.135,013,940.12Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,521,278.48 1,521,278.4807/01/2018 1,521,278.48 1SYS1114 0.000 1,521,278.48 11,521,278.481,521,278.481,521,278.48Subtotal and Average 1 0.000 553145,993,618.66 145,165,584.89 340 1.688143,826,329.30 144,959,249.89Total and Average Portfolio CITY CP Run Date: 11/08/2018 - 15:43 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund August 1, 2018 - August 31, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.6681012,000,000.003135G0S53 0.00 492,000.001140500,000.00 0.875FNMA 364.58 0.00 364.580.872101492,000.003135G0N33 0.00 496,700.001139500,000.00 1.750FNMA 729.17 0.00 729.171.728101496,700.003135G0ZG1 0.00 746,625.001122750,000.00 2.750FHLMC 1,718.75 0.00 1,718.752.710101746,625.003134GSCQ6 0.00 495,250.001129500,000.00 1.125FHLMC 468.75 0.00 468.751.114101495,250.003137EADZ9 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 3,125.00 0.00 3,125.001.4721012,500,000.003134G8Y37 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1101011,000,000.003134GBWG3 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5021011,000,000.003134GSCD5 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.67 0.00 1,666.671.963101999,500.003134GBXF4 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.33 0.00 3,333.331.9721011,990,000.003134GBAE2 0.00 491,750.001142500,000.00 1.550FFCB 645.83 0.00 645.831.546101491,750.003133EHJA2 0.00 494,750.001141500,000.00 1.210FFCB 504.16 0.00 504.161.200101494,750.003133EGFU4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.068101992,600.003133EGLC7 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.681101992,200.003133EHWM1 0.00 2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3491012,500,000.003130A9UQ2 0.00 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3291012,491,250.003130A7QZ1 0.00 996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.600101996,800.003130A66T9 0.00 999,000.0011211,000,000.00 2.375FHLB 1,979.17 0.00 1,979.172.333101999,000.003130ADMF6 0.00 498,000.001131500,000.00 1.250USTR 529.37 0.00 529.371.252101498,000.00912828A34 0.00 2,502,250.0010632,500,000.00 0.875USTR 1,852.80 0.00 1,852.800.8721012,502,250.00912828L81 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,911.55 0.00 2,911.551.3801012,483,250.00912828J84 0.00 488,250.001138500,000.00 1.125USTR 473.84 0.00 473.841.143101488,250.00912828VA5 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,911.54 0.00 2,911.541.3761012,490,750.00912828U73 0.00 992,600.0011301,000,000.00 1.500USTR 1,270.50 0.00 1,270.501.507101992,600.00912828WL0 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,105.98 0.00 2,105.981.2761011,942,800.00912828T67 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,738.46 0.00 4,738.461.1161015,000,000.00912828S27 0.00 985,800.0011171,000,000.00 1.500USTR 1,273.04 0.00 1,273.041.520101985,800.009128282Q2 0.00 498,840.001103500,000.00 1.250USTR 526.49 0.00 526.491.243101498,840.00912828M64 0.00 240,000.001043240,000.00 1.200WELLS 244.61 0.00 244.611.200101240,000.009497483N5 0.00 2,390,616.4910572,390,616.49WELLS 0.01 0.00 0.011014,956,825.124159282482 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:46 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest August 1, 2018 - August 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001078240,000.00 2.400GLDMAN 489.21 0.00 489.212.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00 0.0010080.00 1.900CITI 162.41 0.00 162.411.900101240,000.0017284CKN3 0.00 240,000.001042240,000.00 1.800WEB 366.90 0.00 366.901.800101240,000.0094768NJQ8 0.00 240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 240,000.001020240,000.00 1.5001STMER 305.76 0.00 305.761.500101240,000.0032082BDF3 0.00 240,000.001016240,000.00 1.650EPHRAT 336.32 0.00 336.321.650101240,000.00294209AQ4 0.00 240,000.001019240,000.00 1.7501STBUS 356.71 0.00 356.711.750101240,000.0031938QH72 0.00 240,000.001024240,000.00 1.750GCB 356.72 0.00 356.721.750101240,000.00402194EB6 0.00 240,000.001031240,000.00 1.800PEAPAC 366.90 0.00 366.901.800101240,000.00704692AL6 0.00 240,000.001128240,000.00 2.800TOWNE 569.18 0.00 569.182.792101240,000.0089214PBL2 0.00 248,000.001030248,000.00 1.250MORTN 263.29 0.00 263.291.250101248,000.00619165GE7 0.00 248,000.001018248,000.00 1.250FARMER 263.29 0.00 263.291.250101248,000.00307814DC4 0.00 248,000.001035248,000.00 1.400SOLOM 294.88 0.00 294.881.400101248,000.0083427LAX2 0.00 248,000.001011248,000.00 1.500CONNEC 315.95 0.00 315.951.500101248,000.0020786ABD6 0.00 248,000.001034248,000.00 1.400RVRW 294.88 0.00 294.881.400101248,000.0076951DAL4 0.00 248,000.001017248,000.00 1.700EVRBA 358.07 0.00 358.071.700101248,000.0029976DXX3 0.00 245,000.001006245,000.00 1.900CAPONE 395.36 0.00 395.361.900101245,000.00140420RX0 0.00 248,000.001002248,000.00 1.650MIDWES 347.54 0.00 347.541.650101248,000.00063615AVO 0.00 240,000.001001240,000.00 1.700ALLY 346.52 0.00 346.521.700101240,000.0002006LWX7 0.00 240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00 240,000.001032240,000.00 1.500PRVTBA 305.76 0.00 305.761.500101240,000.0074267GVG9 0.00 49,617,395.42105549,617,395.42 1.998LAIF 98,341.66 0.00 98,341.662.15710162,617,395.4298-33-434 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1081011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 326.13 0.00 326.131.600101240,000.00857894TC3 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.542101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 489.20 0.00 489.202.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 374.55 0.00 374.551.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 479.02 0.00 479.022.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 377.09 0.00 377.091.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 366.91 0.00 366.911.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 356.71 0.00 356.711.750101240,000.0058740XZL7 0.00 240,000.001088240,000.00 2.300HSBC 468.82 0.00 468.822.300101240,000.0040434YLE5 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:46 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest August 1, 2018 - August 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 240,000.001091240,000.00 1.6501STFRM 336.33 0.00 336.331.650101240,000.00320165HX4 0.00 240,000.001093240,000.00 1.650DOUGLS 336.33 0.00 336.331.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 356.71 0.00 356.711.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.20 0.00 489.202.400101240,000.0002587CFU9 0.00 498,750.001098500,000.00 1.550TOYOTA 645.83 0.00 645.831.525101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 478.59 0.00 478.592.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 364.15 0.00 364.151.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.98 0.00 436.982.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 364.14 0.00 364.141.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 374.54 0.00 374.541.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 426.57 0.00 426.572.050101245,000.0035638BAA9 0.00 3,000.0010593,000.00CITYPC 0.00 0.00 0.001013,000.00SYS1059 0.00 1,521,278.4811141,521,278.48CALPRS 0.00 0.00 0.001011,521,278.48SYS1114 0.00 497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.824101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 603.44 0.00 603.442.900101245,000.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 561.82 0.00 561.822.700101245,000.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 601.31 0.00 601.312.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 550.35 0.00 550.352.700101240,000.00666613GV0 0.00 240,000.001132240,000.00 2.200CNBF 448.44 0.00 448.442.200101240,000.0017801DDT0 0.00 245,000.001133245,000.00 2.050METASF 426.57 0.00 426.572.050101245,000.0059101LDR5 0.00 240,000.001134240,000.00 3.050UOFICU 621.70 0.00 621.703.050101240,000.0091435LAG2 0.00 245,000.001137245,000.00 2.050NYCMBK 426.57 0.00 426.572.050101245,000.00649447RL5 0.00 240,000.001136240,000.00 2.200UNION 448.44 0.00 448.442.200101240,000.0090521AQW1 0.00 245,000.001143245,000.00 3.100ALLGNC 645.06 0.00 645.063.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 655.46 0.00 655.463.150101245,000.0074934YAH4 0.00 245,000.001145245,000.00 2.750WEX 572.22 0.00 572.222.750101245,000.0092937CHG6 0.00 245,000.001146245,000.00 2.850EAGLE 593.04 0.00 593.042.850101245,000.0027002YDV5 0.00 245,000.001147245,000.00 3.1501STNBA 655.46 0.00 655.463.150101245,000.0032110YLK9 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:46 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest August 1, 2018 - August 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001148245,000.00 3.000TRAD 624.25 0.00 624.253.000101245,000.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 624.25 0.00 624.253.000101245,000.0069324MAD7 0.00 240,000.001150240,000.00 3.100GECRUN 346.52 0.00 346.523.1001010.00369674AV8 0.00 249,000.001151249,000.00 3.250NWENGL 687.31 0.00 687.313.250101249,000.0006426KAN8 0.00 114,022,290.39Subtotal 113,815,955.39 1.791 183,081.360.00183,081.36129,382,164.02 0.00 Fund: 1st Empire Securities Cash Bal 0.0010600.00EMPIRE 73.51 0.00 73.5111.1391020.00SYS1060 0.00 0.00Subtotal 0.00 11.139 73.510.0073.510.00 0.00 Fund: Fiscal Agent 12,947,879.13105812,947,879.13USBANK 3.10 0.00 3.100.0012313,033.07SYS1058 0.00 12,947,879.13Subtotal 12,947,879.13 0.001 3.100.003.103,033.07 0.00 Fund: Housing Authority : WSA and LQ 242,097.451062242,097.45LQPR 0.00 0.00 0.00241229,777.45SYS1062 0.00 242,097.45Subtotal 242,097.45 0.000.000.00229,777.45 0.00 Fund: SA Low/Mod Bond Fund 17,953,317.92111317,953,317.92 1.998LAIF 37,345.00 0.00 37,345.002.15724920,853,317.9225-33-005 0.00 17,953,317.92Subtotal 17,953,317.92 2.157 37,345.000.0037,345.0020,853,317.92 0.00 145,165,584.89Total 144,959,249.89 1.778 220,502.970.00220,502.97150,468,292.46 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:46 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value September 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,300.00 3,300.0007/01/2016 3,300.00 1SYS1059 0.000 1First Empire Bank1060 52,810.58 52,810.5807/01/2016 52,810.58 1SYS1060 0.000 1La Quinta Palms Realty1062 242,792.85 242,792.8507/01/2016 242,792.85 1SYS1062 0.000 1Wells Fargo1057 399,222.74 399,222.7407/01/2016 399,222.74 14159282482 0.000 698,126.17 1698,126.17698,126.172,571,297.56Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 16,053,317.92 16,053,317.92 2.06316,008,848.54 125-33-005 2.063 16,053,317.92 116,008,848.5416,053,317.9217,636,651.25Subtotal and Average 1 2.063 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 49,617,395.42 49,617,395.42 2.06349,524,894.47 198-33-434 2.063 49,617,395.42 149,524,894.4749,617,395.4249,617,395.42Subtotal and Average 1 2.063 Federal Agency Coupon Securities 284Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 988,750.00 7323133EGLC7 1.456 1,066Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 966,020.00 1,3923133EHWM1 1.913 262Federal Farm Credit Bank1141 500,000.00 494,750.00 06/20/20191.21005/31/2018 495,340.00 3853133EGFU4 2.224 585Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 490,235.00 7083133EHJA2 2.427 940Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,405,250.00 1,8263130A7QZ1 1.423 756Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,425,300.00 1,4613130A9UQ2 1.375 711Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 977,120.00 1,0373130A66T9 1.741 1,611Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 993,240.00 1,7933130ADMF6 3.111 940Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,454,425.00 1,8263134G8Y37 1.400 1,275Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,929,680.00 1,8263134GBAE2 2.106 1,185Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 966,300.00 1,6373134GBXF4 2.012 1,395Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 964,670.00 1,8263134GBWG3 2.150 1,582Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 963,510.00 1,8263134GSCD5 2.550 1,606Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 734,917.50 1,7883134GSCQ6 2.849 196Federal Home Loan Mtg Corp1129 500,000.00 495,250.00 04/15/20191.12505/10/2018 496,465.00 3403137EADZ9 2.161 483Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,971,520.00 1,0363135G0S53 1.700 346Federal National Mtg Assn1139 500,000.00 496,700.00 09/12/20191.75005/31/2018 495,880.00 4693135G0ZG1 2.275 305Federal National Mtg Assn1140 500,000.00 492,000.00 08/02/20190.87505/31/2018 492,985.00 4283135G0N33 2.269 21,678,425.00 1,43821,211,607.5021,750,000.0021,678,425.00Subtotal and Average 920 1.878 Portfolio CITY CP Run Date: 11/07/2018 - 14:14 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value September 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,003U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,769,900.00 1,808912828S27 1.125 14U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,498,900.00 721912828L81 0.829 547U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,449,225.00 1,107912828J84 1.602 440U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,460,750.00 1,000912828U73 1.513 1,126U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,903,680.00 1,679912828T67 1.903 45U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 499,475.00 371912828M64 1.481 684U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 976,250.00 9369128282Q2 2.071 242U.S. Treasury1130 1,000,000.00 992,600.00 05/31/20191.50005/10/2018 993,400.00 386912828WL0 2.211 60U.S. Treasury1131 500,000.00 498,000.00 11/30/20181.25005/10/2018 499,250.00 204912828A34 1.974 577U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 487,265.00 700912828VA5 2.387 17,882,540.00 1,19017,538,095.0018,000,000.0017,882,540.00Subtotal and Average 612 1.469 Certificate of Deposits 231First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 239,212.80 1,82631938QH72 1.751 416First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,494.40 853320165HX4 1.653 29First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,976.00 1,64432082BDF3 1.501 1,753First National Bank of America1147 245,000.00 245,000.00 07/20/20233.15007/20/2018 243,172.30 1,82632110YLK9 3.152 749First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 243,941.60 91533715LBJ8 2.623 1,218Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 240,146.55 1,46288413QBY3 2.502 1,351Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 244,380.15 1,46101748DBE5 3.102 1,473Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 236,116.30 1,82601859BAA3 2.251 84Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,738.40 1,09602006LWX7 1.702 931Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 234,696.00 1,46102587DP85 2.252 1,428American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 230,896.80 1,82602587CFU9 2.402 1,633Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 240,198.00 1,826034577AH9 2.802 1,485Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 231,645.60 1,82606740KLJ4 2.291 1,148Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 237,630.40 1,462080515CD9 2.101 1,242BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 232,783.20 1,82605580AGK4 2.201 836Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 233,836.80 1,28006610RAP4 1.804 980Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,188.00 1,46114042RGD7 2.252 618Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,599.40 1,827140420RX0 1.902 875Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 232,905.60 1,82720033APG5 1.702 1,653Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 241,097.15 1,82617312QJ26 2.902 235City National Bank of Florida1132 240,000.00 240,000.00 05/24/20192.20005/24/2018 239,870.40 36517801DDT0 2.200 1,017Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 232,308.00 1,46115523RBJ4 1.851 247Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,918.72 1,46120786ABD6 1.501 Portfolio CITY CP Run Date: 11/07/2018 - 14:14 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value September 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,509CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 235,256.35 1,82422766ACB9 2.201 1,219Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 233,347.20 1,8262546722U1 2.251 477Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,937.60 916259744DS6 1.655 842Eagle Bank1146 245,000.00 245,000.00 01/20/20212.85007/20/2018 244,389.95 91527002YDV5 2.858 1,670EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 236,563.20 1,82429278TAY6 2.952 1,519Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 234,690.40 1,82629367QCP1 2.151 211Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,666.40 1,826294209AQ4 1.651 613EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 243,593.04 1,82729976DXX3 1.702 127Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 247,226.24 1,341307814DC4 1.252 1,306Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 237,100.80 1,46030960QAG2 2.802 813Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,269.05 1,09635638BAA9 2.052 231Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 239,215.20 1,827402194EB6 1.724 1,050General Electric Credit Union1150 240,000.00 240,000.00 08/16/20213.10008/15/2018 240,240.00 1,097369674AV8 3.100 1,303Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 233,906.40 1,82638148PJK4 2.401 651First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 235,509.60 1,096319141GT8 1.752 1,382HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 232,485.60 1,82640434YLE5 2.301 589Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 241,087.35 915472376AC6 1.751 1,324Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 236,067.30 1,64250116CBE8 2.099 1,550Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 236,812.10 1,826499724AB8 2.401 645Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 235,576.80 1,09658740XZL7 1.752 151Metabank Sioux Falls1133 245,000.00 245,000.00 03/01/20192.05005/15/2018 244,879.95 29059101LDR5 2.057 620Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 243,290.48 1,827063615AVO 1.652 413Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,885.65 73261747MA92 1.800 72Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,692.48 1,279619165GE7 1.251 413Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,748.45 73261760AEP0 1.750 1,499Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 236,300.05 1,82662384RAC0 2.301 1,121Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 237,223.20 1,279666613GV0 2.703 1,764Bank of New England1151 249,000.00 249,000.00 07/31/20233.25007/31/2018 248,200.71 1,82606426KAN8 3.252 147New York Community Bank1137 245,000.00 245,000.00 02/25/20192.05005/25/2018 244,870.15 276649447RL5 2.050 1,206The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 230,784.00 1,645677721CN0 1.903 1,346PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 243,547.15 1,46169324MAD7 3.002 239Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,570.40 1,826704692AL6 1.801 968PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 231,302.40 1,82674267GVG9 1.501 1,723RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 243,321.75 1,82674934YAH4 3.152 784First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 239,215.55 1,251319267GC8 1.802 339Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 246,288.80 1,55376951DAL4 1.402 Portfolio CITY CP Run Date: 11/07/2018 - 14:14 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value September 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,359Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 233,078.40 1,826795450A70 2.351 246Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,926.16 1,46183427LAX2 1.401 568Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,831.20 1,096857894TC3 1.588 1,340Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 233,637.60 1,82687164XQV1 2.401 942Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 238,744.80 1,09689214PBL2 2.800 1,407Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 243,304.60 1,52289269CBX9 3.002 227Union BankNA1136 240,000.00 240,000.00 05/16/20192.20005/16/2018 239,887.20 36590521AQW1 2.200 897Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 242,447.10 1,09691330ABN6 2.552 1,687University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 237,494.40 1,82791435LAG2 3.052 204Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,676.00 1,82694768NJQ8 1.801 148Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,486.40 1,0969497483N5 1.201 623Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 244,813.80 73392937CHG6 2.754 17,240,000.00 1,43216,973,141.9817,240,000.0017,240,000.00Subtotal and Average 889 2.165 Corporate Notes 1,038Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 479,630.00 1,514037833CC2 1.900 151Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,989,220.00 702478160BR4 1.305 493Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 493,935.00 745594918BV5 2.081 382Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 493,380.00 71089236TDH5 1.681 3,482,700.00 8243,456,165.003,500,000.003,482,700.00Subtotal and Average 359 1.554 Money Market Accounts 1California Asset Management Pr1153 1,000,301.29 1,000,301.2909/26/2018 1,000,301.29 1SYS1153 0.000 1,000,301.29 11,000,301.291,000,301.29166,676.71Subtotal and Average 1 0.000 Money Market with Fiscal Agent 1US Bank1058 672,562.86 672,562.8607/01/2016 672,562.86 1SYS1058 0.000 672,562.86 1672,562.86672,562.8612,538,701.92Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,541,740.25 1,541,740.2507/01/2018 1,541,740.25 1SYS1114 0.000 1,541,740.25 11,541,740.251,541,740.251,521,960.54Subtotal and Average 1 0.000 Portfolio CITY CP Run Date: 11/07/2018 - 14:14 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Stated RateMarket Value September 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date 617144,336,348.41 130,073,443.91 366 1.888128,625,483.06 129,867,108.91Total and Average Portfolio CITY CP Run Date: 11/07/2018 - 14:14 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund September 1, 2018 - September 30, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.7241012,000,000.003135G0S53 0.00 492,000.001140500,000.00 0.875FNMA 364.58 0.00 364.580.902101492,000.003135G0N33 0.00 496,700.001139500,000.00 1.750FNMA 729.17 0.00 729.171.786101496,700.003135G0ZG1 0.00 746,625.001122750,000.00 2.750FHLMC 1,718.75 0.00 1,718.752.801101746,625.003134GSCQ6 0.00 495,250.001129500,000.00 1.125FHLMC 468.75 0.00 468.751.152101495,250.003137EADZ9 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 3,125.00 0.00 3,125.001.5211012,500,000.003134G8Y37 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.66 0.00 1,791.662.1801011,000,000.003134GBWG3 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5851011,000,000.003134GSCD5 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.67 0.00 1,666.672.029101999,500.003134GBXF4 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.33 0.00 3,333.332.0381011,990,000.003134GBAE2 0.00 491,750.001142500,000.00 1.550FFCB 645.83 0.00 645.831.598101491,750.003133EHJA2 0.00 494,750.001141500,000.00 1.210FFCB 504.17 0.00 504.171.240101494,750.003133EGFU4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.103101992,600.003133EGLC7 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.737101992,200.003133EHWM1 0.00 2,500,000.0010642,500,000.00 1.375FHLB 2,864.59 0.00 2,864.591.3941012,500,000.003130A9UQ2 0.00 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3741012,491,250.003130A7QZ1 0.00 996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.653101996,800.003130A66T9 0.00 999,000.0011211,000,000.00 2.375FHLB 1,979.16 0.00 1,979.162.410101999,000.003130ADMF6 0.00 498,000.001131500,000.00 1.250USTR 512.30 0.00 512.301.252101498,000.00912828A34 0.00 2,502,250.0010632,500,000.00 0.875USTR 1,793.03 0.00 1,793.030.8721012,502,250.00912828L81 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,818.14 0.00 2,818.141.3811012,483,250.00912828J84 0.00 488,250.001138500,000.00 1.125USTR 458.56 0.00 458.561.143101488,250.00912828VA5 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,817.62 0.00 2,817.621.3761012,490,750.00912828U73 0.00 992,600.0011301,000,000.00 1.500USTR 1,229.50 0.00 1,229.501.507101992,600.00912828WL0 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,038.05 0.00 2,038.051.2761011,942,800.00912828T67 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,585.59 0.00 4,585.591.1161015,000,000.00912828S27 0.00 985,800.0011171,000,000.00 1.500USTR 1,222.83 0.00 1,222.831.509101985,800.009128282Q2 0.00 498,840.001103500,000.00 1.250USTR 509.51 0.00 509.511.243101498,840.00912828M64 0.00 240,000.001043240,000.00 1.200WELLS 236.71 0.00 236.711.200101240,000.009497483N5 0.00 399,222.741057399,222.74WELLS 0.01 0.00 0.011012,390,616.494159282482 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:47 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest September 1, 2018 - September 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001078240,000.00 2.400GLDMAN 473.42 0.00 473.422.400101240,000.0038148PJK4 0.00 240,000.001077240,000.00 2.250AMEX 443.84 0.00 443.842.250101240,000.0002587DP85 0.00 240,000.001042240,000.00 1.800WEB 355.07 0.00 355.071.800101240,000.0094768NJQ8 0.00 240,000.001067240,000.00 2.200BMW 433.97 0.00 433.972.200101240,000.0005580AGK4 0.00 240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00 245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00 240,000.001020240,000.00 1.5001STMER 295.89 0.00 295.891.500101240,000.0032082BDF3 0.00 240,000.001016240,000.00 1.650EPHRAT 325.48 0.00 325.481.650101240,000.00294209AQ4 0.00 240,000.001019240,000.00 1.7501STBUS 345.20 0.00 345.201.750101240,000.0031938QH72 0.00 240,000.001024240,000.00 1.750GCB 345.20 0.00 345.201.750101240,000.00402194EB6 0.00 240,000.001031240,000.00 1.800PEAPAC 355.07 0.00 355.071.800101240,000.00704692AL6 0.00 240,000.001128240,000.00 2.800TOWNE 550.82 0.00 550.822.792101240,000.0089214PBL2 0.00 248,000.001030248,000.00 1.250MORTN 254.79 0.00 254.791.250101248,000.00619165GE7 0.00 248,000.001018248,000.00 1.250FARMER 254.79 0.00 254.791.250101248,000.00307814DC4 0.00 248,000.001035248,000.00 1.400SOLOM 285.37 0.00 285.371.400101248,000.0083427LAX2 0.00 248,000.001011248,000.00 1.500CONNEC 305.75 0.00 305.751.500101248,000.0020786ABD6 0.00 248,000.001034248,000.00 1.400RVRW 285.37 0.00 285.371.400101248,000.0076951DAL4 0.00 248,000.001017248,000.00 1.700EVRBA 346.52 0.00 346.521.700101248,000.0029976DXX3 0.00 245,000.001006245,000.00 1.900CAPONE 382.60 0.00 382.601.900101245,000.00140420RX0 0.00 248,000.001002248,000.00 1.650MIDWES 336.33 0.00 336.331.650101248,000.00063615AVO 0.00 240,000.001001240,000.00 1.700ALLY 335.34 0.00 335.341.700101240,000.0002006LWX7 0.00 240,000.001009240,000.00 1.700CCBA 335.34 0.00 335.341.700101240,000.0020033APG5 0.00 240,000.001032240,000.00 1.500PRVTBA 295.89 0.00 295.891.500101240,000.0074267GVG9 0.00 49,617,395.42105549,617,395.42 2.063LAIF 87,963.62 0.00 87,963.622.15710149,617,395.4298-33-434 0.00 240,000.001066240,000.00 2.250DISCOV 443.83 0.00 443.832.250101240,000.002546722U1 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1451011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 315.62 0.00 315.621.600101240,000.00857894TC3 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.594101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 473.43 0.00 473.432.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 362.46 0.00 362.461.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 443.83 0.00 443.832.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 463.56 0.00 463.562.350101240,000.00795450A70 0.00 240,000.001085240,000.00 1.850CNTRL 364.94 0.00 364.941.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 355.06 0.00 355.061.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 345.21 0.00 345.211.750101240,000.0058740XZL7 0.00 240,000.001088240,000.00 2.300HSBC 453.70 0.00 453.702.300101240,000.0040434YLE5 0.00 240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:47 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest September 1, 2018 - September 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001091240,000.00 1.6501STFRM 325.48 0.00 325.481.650101240,000.00320165HX4 0.00 240,000.001093240,000.00 1.650DOUGLS 325.48 0.00 325.481.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 345.21 0.00 345.211.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 453.09 0.00 453.092.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 473.43 0.00 473.432.400101240,000.0002587CFU9 0.00 498,750.001098500,000.00 1.550TOYOTA 645.84 0.00 645.841.575101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 463.15 0.00 463.152.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 352.39 0.00 352.391.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 422.87 0.00 422.872.100101245,000.00080515CD9 0.00 245,000.001106245,000.00 2.200CRS1ST 443.02 0.00 443.022.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 432.94 0.00 432.942.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 352.40 0.00 352.401.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 362.47 0.00 362.471.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 483.29 0.00 483.292.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 412.81 0.00 412.812.050101245,000.0035638BAA9 0.00 3,300.0010593,300.00CITYPC 0.00 0.00 0.001013,000.00SYS1059 0.00 1,541,740.2511141,541,740.25CALPRS 0.00 0.00 0.001011,521,278.48SYS1114 0.00 497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.884101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 563.83 0.00 563.832.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 513.49 0.00 513.492.550101245,000.0091330ABN6 0.00 245,000.001123245,000.00 2.900CITINA 583.98 0.00 583.982.900101245,000.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 543.70 0.00 543.702.700101245,000.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 581.92 0.00 581.922.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 552.33 0.00 552.332.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 532.61 0.00 532.612.700101240,000.00666613GV0 0.00 240,000.001132240,000.00 2.200CNBF 433.97 0.00 433.972.200101240,000.0017801DDT0 0.00 245,000.001133245,000.00 2.050METASF 412.81 0.00 412.812.050101245,000.0059101LDR5 0.00 240,000.001134240,000.00 3.050UOFICU 601.65 0.00 601.653.050101240,000.0091435LAG2 0.00 245,000.001137245,000.00 2.050NYCMBK 412.81 0.00 412.812.050101245,000.00649447RL5 0.00 240,000.001136240,000.00 2.200UNION 433.97 0.00 433.972.200101240,000.0090521AQW1 0.00 245,000.001143245,000.00 3.100ALLGNC 624.24 0.00 624.243.100101245,000.0001748DBE5 0.00 245,000.001144245,000.00 3.150RCB 634.31 0.00 634.313.150101245,000.0074934YAH4 0.00 245,000.001145245,000.00 2.750WEX 553.77 0.00 553.772.750101245,000.0092937CHG6 0.00 245,000.001146245,000.00 2.850EAGLE 573.90 0.00 573.902.850101245,000.0027002YDV5 0.00 245,000.001147245,000.00 3.1501STNBA 634.32 0.00 634.323.150101245,000.0032110YLK9 0.00 245,000.001148245,000.00 3.000TRAD 604.11 0.00 604.113.000101245,000.0089269CBX9 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:47 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest September 1, 2018 - September 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001149245,000.00 3.000PCSB 604.11 0.00 604.113.000101245,000.0069324MAD7 0.00 240,000.001150240,000.00 3.100GECRUN 611.51 0.00 611.513.100101240,000.00369674AV8 0.00 249,000.001151249,000.00 3.250NWENGL 665.14 0.00 665.143.250101249,000.0006426KAN8 0.00 1,000,301.2911531,000,301.29CAMP 301.29 0.00 301.292.1991010.00SYS1153 0.00 113,051,959.70Subtotal 112,845,624.70 1.832 171,496.580.00171,496.58113,815,955.39 0.00 Fund: 1st Empire Securities Cash Bal 52,810.58106052,810.58EMPIRE 26.95 0.00 26.9518.5231020.00SYS1060 0.00 52,810.58Subtotal 52,810.58 18.523 26.950.0026.950.00 0.00 Fund: Fiscal Agent 672,562.861058672,562.86USBANK 4,522.67 0.00 4,522.670.43923112,947,879.13SYS1058 0.00 672,562.86Subtotal 672,562.86 0.439 4,522.670.004,522.6712,947,879.13 0.00 Fund: Housing Authority : WSA and LQ 242,792.851062242,792.85LQPR 0.00 0.00 0.00241242,097.45SYS1062 0.00 242,792.85Subtotal 242,792.85 0.000.000.00242,097.45 0.00 Fund: SA Low/Mod Bond Fund 16,053,317.92111316,053,317.92 2.063LAIF 31,266.93 0.00 31,266.932.15724917,953,317.9225-33-005 0.00 16,053,317.92Subtotal 16,053,317.92 2.157 31,266.930.0031,266.9317,953,317.92 0.00 130,073,443.91Total 129,867,108.91 1.748 207,313.130.00207,313.13144,959,249.89 0.00 Portfolio CITY CP Run Date: 11/07/2018 - 15:47 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Maturity Report Sorted by Maturity Date Received or due during July 1, 2018 - September 30, 2018 Rate at MaturityPar Value Sec. TypeFund Maturity Date Maturity ProceedsInterest Income Net CUSIP Investment #Issuer Purchase Date Book Value at Maturity 240,000.00 1.400 240,276.16276.1605/16/2014REGAL103375874TAH4MC110107/16/2018 276.16240,000.00 240,000.00 1.900 242,261.262,261.2608/14/2013CITI100817284CKN3MC110108/14/2018 2,261.26240,000.00 482,537.42Total Maturities 480,000.00 2,537.42480,000.00 2,537.42 Portfolio CITY CP Run Date: 11/07/2018 - 15:42 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Purchases Report Sorted by Fund - Fund July 2, 2018 - September 30, 2018 Original Par Value Ending Book Value Sec. TypeFund Maturity YTM Accrued Interest at PurchasePayment Periods DateCUSIPInvestment #Issuer Purchase Date Principal Purchased Rate at Purchase General Fund 245,000.00 3.150 07/20/2023 245,000.00245,000.0007/20/2018 3.15208/20 - Monthly1STNBA114732110YLK9MC1101 245,000.00 2.850 01/20/2021 245,000.00245,000.0007/20/2018 2.85808/20 - MonthlyEAGLE114627002YDV5MC1101 249,000.00 3.250 07/31/2023 249,000.00249,000.0007/31/2018 3.25208/31 - MonthlyNWENGL115106426KAN8MC1101 240,000.00 3.100 08/16/2021 240,000.00240,000.0008/15/2018 3.10009/01 - MonthlyGECRUN1150369674AV8MC1101 1,000,000.00 1,000,301.291,000,000.0009/26/2018 / - MonthlyCAMP1153SYS1153RR3101 Subtotal 1,979,301.291,979,000.00 0.001,979,000.00 1,979,000.00Total Purchases 1,979,000.00 0.00 1,979,301.29 Portfolio CITY CP Run Date: 11/06/2018 - 13:28 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 US Treasury Rates https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2018 Commercial Paper Rates https://www.federalreserve.gov/releases/cp/rates.htm City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FOURTH QUARTER 2017/18 TREASURY REPORTS FOR APRIL, MAY, AND JUNE 2018 WITH FISCAL YEAR-END SUMMARY RECOMMENDATION Receive and file the fourth quarter fiscal year 2017/18 Treasury Reports for April, May, and June 2018 with fiscal year-end summary. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The portfolio increased $17.87 million, from $132.04 million at the end of March to $149.91 million at the end of June. The increase of $12.95 million was due to a Redevelopment Property Tax Trust Fund (RPTTF) pass-through apportionment payment which funds debt service obligations that are paid in August. The remainder of the increase reflects revenue, expenditure, and investment activities during the quarter. Investment Type April May June Max Allowed Bank Accounts 3% 5% 10% 85% Local Agency Investment Fund (LAIF) Housing 18% 17% 16% (2) Local Agency Investment Fund (LAIF) City 37% 35% 33% (1) Federal Agency Coupons 14% 15% 14% 30% Treasury Coupons 12% 13% 12% 100% Certificates of Deposit (CD's)11% 12% 11% 30% Corporate Notes 3% 2% 2% 10% Money Markets with Fiscal Agent 0% 0% 0% (2) Managed Pool Accounts-OPEB Trust (new)1% 1% 1% (3) Total 100% 100% 100% Portfolio Allocations (3) OPEB trust is a fiduciary account and not subject to City Investment Policy Percent of Portfolio (1) LAIF is subject to maximum dollar amount not a percentage of the portfolio (2) Money market with fiscal agent and LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy BUSINESS SESSION ITEM NO. 1 The market continued to react to the political climate and economic news, and staff worked with the City’s broker to capitalize on market conditions. The fiscal year annual effective rate of return is 1.31% as of June, a 13 bps increase since March (Q3). Throughout the quarter, nine CDs matured for a total PAR value of $2,192,000. This money, along with $2 million from treasury that matured March 31 and an additional $5.88 million, was used to purchase 26 new investments, which are summarized in the table below and in the attached reports. A total of $10,135,000 in PAR value was purchased at a discount for $10,079,925, making the weighted average yield to maturity higher than the coupon rate. Total Earnings Average Days to Maturity Effective Rate of Return YTD April 184,517.09$ 381 1.23% May 194,453.38$ 367 1.28% June 195,164.15$ 345 1.31% Quarter 574,134.62$ 364 1.27% Issuer Type Par Value Purchase Date Coupon Rate Maturity YTM Federal Home Loan Bank (FHLB)Agency $ 1,000,000 4/2/2018 2.375 2/28/2023 3.111 Federal Home Loan Mortgage Corp (FHLMC)Agency $ 750,000 4/2/2018 2.750 2/23/2023 2.849 CitiBank NA CD 245,000$ 4/11/2018 2.900 4/11/2023 2.902 First Technology FCU CD 245,000$ 4/18/2018 2.700 10/19/2020 2.623 NorthPointe Bank CD 240,000$ 4/26/2018 2.700 10/26/2021 2.703 EnerBank USA CD 240,000$ 4/30/2018 2.950 4/28/2023 2.952 Farmers Insurance Group FCU CD 240,000$ 4/30/2018 2.800 4/29/2022 2.802 TowneBank CD 240,000$ 4/30/2018 2.800 4/30/2021 2.800 Federal Home Loan Mortgage Corp (FHLMC)Agency 500,000$ 5/10/2018 1.125 4/15/2019 2.161 US Treasury Treasury 1,000,000$ 5/10/2018 1.500 5/31/2019 2.211 US Treasury Treasury 500,000$ 5/10/2018 1.250 11/30/2018 1.974 Univ. Of Iowa Community FCU CD 240,000$ 5/14/2018 3.050 5/15/2023 3.052 MetaBank CD 245,000$ 5/15/2018 2.050 3/1/2019 2.057 Union Bank NA CD 240,000$ 5/16/2018 2.200 5/16/2019 2.200 City National Bank of Florida CD 240,000$ 5/24/2018 2.200 5/24/2019 2.200 New York Community Bank CD 245,000$ 5/25/2018 2.050 2/25/2019 2.050 Federal Farm Credit Bank (FFCB)Agency 500,000$ 5/31/2018 1.210 6/20/2019 2.224 Federal Farm Credit Bank (FFCB)Agency 500,000$ 5/31/2018 1.550 5/8/2020 2.427 Federal National Mortgage Association (FNMA)Agency 500,000$ 5/31/2018 1.750 9/12/2019 2.275 Federal National Mortgage Association (FNMA)Agency 500,000$ 5/31/2018 0.875 8/2/2019 2.269 US Treasury Treasury 500,000$ 5/31/2018 1.125 4/30/2020 2.387 PCSB Bank CD 245,000$ 6/8/2018 3.000 6/8/2022 3.005 Traditions Bank CD 245,000$ 6/8/2018 3.000 8/8/2011 3.003 Allegiance Bank CD 245,000$ 6/13/2018 3.100 6/13/2022 3.102 Wex Bank CD 245,000$ 6/13/2018 2.750 6/15/2020 2.754 RCB Bank CD 245,000$ 6/20/2018 3.150 6/20/2023 3.152 Total/Weighted Average 10,135,000$ 2.06%2.55% Investments by Purchase Date Year-End Summary Rising interest rates throughout the year have been a benefit to the City; as investments with lower rates mature they are being replaced at rates as much as 100-175 bps higher in most cases. Rates have been favorable on the short end of the curve, with two-year treasuries rising 114 points year over year. The City has increased holdings, particularly in negotiable CDs and federal agency bonds, to take advantage of these rates while retaining the liquidity needed for operations. Overall, the average effective rate of return for the entire portfolio has increased 54 bps since last year and should continue to see gains throughout fiscal 2018-19. In 2017/18, the City opened a trust account for Other Post-Employment Benefits (OPEB), as well as a LAIF account for the bond proceeds belonging to the Housing Authority that were formerly held by the fiscal agent. Other Notes This report was received and filed by the City Council on September 18, 2018. Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore SA funds are only invested in LAIF. Looking Ahead The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF as needed. Longer term investments may include Government Sponsored Enterprise (agencies) Fiscal Year 2016-17 Fiscal Year 2017-18 Average Daily Balance 125,445,981$ 131,713,765$ Total Earnings 963,022$ 1,730,509$ Effective Rate of Return 0.77%1.31% Investment Type PAR Value Percent of Total PAR Value Percent of Total Local Agency Investment Fund (LAIF)62,319,416$ 45% 49,383,067$ 33% Federal Agency Coupons 11,500,000$ 8% 21,750,000$ 14% Treasury Coupons 16,500,000$ 12% 18,000,000$ 12% Certificates of Deposit (CD's)10,930,000$ 8% 16,741,000$ 11% Corporate Notes 2,500,000$ 2% 3,500,000$ 2% Bank Accounts 10,284,883$ 7% 15,478,033$ 10% Money Markets with Fiscal Agent 25,578,764$ 18%3,030$ 0% LAIF -Housing Authority -$ 23,740,670$ 16% OPEB Trust -$ 1,521,278$ 1% Total 139,613,063$ 100%150,117,079$ 100% As of June 30, 2017 As of June 30,2018 securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Karla Campos, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for April 1, 2018 to June 30, 2018 ATTACHMENT 1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,000.00 3,000.0007/01/2016 3,000.00 1SYS1059 0.000 1First Empire Bank1060 0.00 0.0007/01/2016 0.00 1SYS1060 0.000 1La Quinta Palms Realty1062 203,214.38 203,214.3807/01/2016 203,214.38 1SYS1062 0.000 1Wells Fargo1057 4,347,669.89 4,347,669.8907/01/2016 4,347,669.89 14159282482 0.000 1Washington St Apt La Quinta1061 5,062.15 5,062.1507/01/2016 5,062.15 1SYS1061 0.000 4,558,946.42 14,558,946.424,558,946.423,873,191.75Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 23,740,669.95 23,740,669.95 1.66110/31/2017 23,740,669.95 125-33-005 1.661 23,740,669.95 123,740,669.9523,740,669.9523,703,356.04Subtotal and Average 1 1.661 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 49,383,066.92 49,383,066.92 1.66149,317,050.16 198-33-434 1.661 49,383,066.92 149,317,050.1649,383,066.9249,311,193.10Subtotal and Average 1 1.661 Federal Agency Coupon Securities 437Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 983,510.00 7323133EGLC7 1.456 1,219Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 965,940.00 1,3923133EHWM1 1.913 1,093Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,396,525.00 1,8263130A7QZ1 1.423 909Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,420,650.00 1,4613130A9UQ2 1.375 864Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 978,750.00 1,0373130A66T9 1.741 1,764Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 993,410.00 1,7933130ADMF6 3.111 1,093Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,451,975.00 1,8263134G8Y37 1.400 1,428Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,932,020.00 1,8263134GBAE2 2.106 1,338Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 968,770.00 1,6373134GBXF4 2.012 1,548Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 966,640.00 1,8263134GBWG3 2.150 1,735Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 981,570.00 1,8263134GSCD5 2.550 1,759Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 738,262.50 1,7883134GSCQ6 2.849 636Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,971,200.00 1,0363135G0S53 1.700 19,207,975.00 1,56318,749,222.5019,250,000.0019,149,787.50Subtotal and Average 1,148 1.827 Treasury Coupon Securities 1,156U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,767,200.00 1,808912828S27 1.125 167U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,486,825.00 721912828L81 0.829 700U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,448,150.00 1,107912828J84 1.602 Portfolio CITY CP Run Date: 09/04/2018 - 16:04 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 593U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,457,625.00 1,000912828U73 1.513 1,279U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,904,140.00 1,679912828T67 1.903 198U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 497,795.00 371912828M64 1.481 837U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 977,030.00 9369128282Q2 2.071 15,903,690.00 1,28615,538,765.0016,000,000.0015,903,690.00Subtotal and Average 806 1.379 Certificate of Deposits 384First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 238,932.00 1,82631938QH72 1.751 569First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,232.80 853320165HX4 1.653 182First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,865.60 1,64432082BDF3 1.501 902First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 244,946.10 91533715LBJ8 2.623 1,371Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 242,123.70 1,46288413QBY3 2.233 1,626Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 238,171.85 1,82601859BAA3 2.251 237Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,484.00 1,09602006LWX7 1.702 1,084Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 235,075.20 1,46102587DP85 2.252 1,581American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 233,560.80 1,82602587CFU9 2.402 1,786Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 242,699.45 1,826034577AH9 2.802 1,638Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 233,704.80 1,82606740KLJ4 2.291 1,301Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 238,936.25 1,462080515CD9 2.101 1,395BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 234,544.80 1,82605580AGK4 2.201 989Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 233,973.60 1,28006610RAP4 1.804 1,133Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,872.00 1,46114042RGD7 2.252 771Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,611.65 1,827140420RX0 1.902 1,028Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 232,941.60 1,82720033APG5 1.702 105CIT Bank UT1008 240,000.00 240,000.00 08/14/20181.90008/14/2013 240,096.00 1,82617284CKN3 1.901 1,806Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 243,679.45 1,82617312QJ26 2.902 1,170Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 232,788.00 1,46115523RBJ4 1.851 35Compass Bank1010 248,000.00 248,000.00 06/05/20181.35006/05/2015 247,942.96 1,09620451PLG9 1.351 400Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,499.60 1,46120786ABD6 1.501 1,662CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 237,282.50 1,82422766ACB9 2.201 1,372Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 235,056.00 1,8262546722U1 2.251 630Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,644.80 916259744DS6 1.655 1,823EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 239,145.60 1,82429278TAY6 2.952 1,672Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 236,662.65 1,82629367QCP1 2.151 364Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,632.80 1,826294209AQ4 1.651 766EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 243,352.48 1,82729976DXX3 1.702 Portfolio CITY CP Run Date: 09/04/2018 - 16:04 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 280Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 246,546.72 1,341307814DC4 1.252 1,459Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 239,719.20 1,46030960QAG2 2.802 966Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,648.80 1,09635638BAA9 2.052 384Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 238,927.20 1,827402194EB6 1.724 1,456Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 236,116.80 1,82638148PJK4 2.401 804First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 235,413.60 1,096319141GT8 1.752 1,535HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 234,612.00 1,82640434YLE5 2.301 742Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 240,852.15 915472376AC6 1.751 1,477Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 238,073.85 1,64250116CBE8 2.099 1,703Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 239,007.30 1,826499724AB8 2.401 35MB Financial Bank1027 248,000.00 248,000.00 06/05/20181.10006/05/2015 247,920.64 1,09655266CME3 1.101 798Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 235,466.40 1,09658740XZL7 1.752 41MFR Trade & Trust1026 248,000.00 248,000.00 06/11/20181.20006/10/2015 247,888.40 1,097564759QT8 1.033 773Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 243,015.20 1,827063615AVO 1.652 566Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,772.95 73261747MA92 1.800 225Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,211.36 1,279619165GE7 1.251 8Merrick Bank1029 240,000.00 240,000.00 05/09/20181.35005/09/2014 240,000.00 1,46159012Y6Q5 1.351 566Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,586.75 73261760AEP0 1.750 1,652Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 238,421.75 1,82662384RAC0 2.301 1,274Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 238,953.60 1,279666613GV0 2.703 1,359The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 232,118.40 1,645677721CN0 1.903 392Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,520.00 1,826704692AL6 1.801 1,121PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 231,343.20 1,82674267GVG9 1.501 76Regal Bank1033 240,000.00 240,000.00 07/16/20181.40005/16/2014 239,976.00 1,52275874TAH4 1.401 937First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 239,362.55 1,251319267GC8 1.802 492Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 246,055.68 1,55376951DAL4 1.402 1,512Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 235,252.80 1,826795450A70 2.351 399Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,507.04 1,46183427LAX2 1.401 721Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,435.20 1,096857894TC3 1.588 1,493Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 235,864.80 1,82687164XQV1 2.401 1,095Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 239,779.20 1,09689214PBL2 2.800 1,050Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 243,285.00 1,09691330ABN6 2.552 357Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,642.40 1,82694768NJQ8 1.801 301Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,184.00 1,0969497483N5 1.201 15,290,000.00 1,49115,079,939.9815,290,000.0015,095,466.67Subtotal and Average 917 1.945 Portfolio CITY CP Run Date: 09/04/2018 - 16:04 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value April 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Corporate Notes 1,191Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 477,815.00 1,514037833CC2 1.900 304Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,978,820.00 702478160BR4 1.305 646Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 493,400.00 745594918BV5 2.081 535Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 491,565.00 71089236TDH5 1.681 3,482,700.00 8243,441,600.003,500,000.003,482,700.00Subtotal and Average 512 1.554 Money Market with Fiscal Agent 1US Bank1058 3,024.64 3,024.6407/01/2016 3,024.64 1SYS1058 0.000 3,024.64 13,024.643,024.6420,449.75Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,507,063.60 1,507,063.6012/18/2017 1,507,063.60 1SYS1114 0.000 1,507,063.60 11,507,063.601,507,063.601,507,063.60Subtotal and Average 1 0.000 573132,046,898.41 133,232,771.53 381 1.605131,936,282.25 133,077,136.53Total and Average Portfolio CITY CP Run Date: 09/04/2018 - 16:04 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund April 1, 2018 - April 30, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001001240,000.00 1.700ALLY 335.34 0.00 335.341.700101240,000.0002006LWX7 0.00 248,000.001002248,000.00 1.650MIDWES 336.33 0.00 336.331.650101248,000.00063615AVO 0.00 0.0010040.00 1.350BERKS 257.43 0.00 257.431.350101240,000.00084601AL7 0.00 245,000.001006245,000.00 1.900CAPONE 382.61 0.00 382.611.900101245,000.00140420RX0 0.00 240,000.001008240,000.00 1.900CITI 374.79 0.00 374.791.900101240,000.0017284CKN3 0.00 240,000.001009240,000.00 1.700CCBA 335.34 0.00 335.341.700101240,000.0020033APG5 0.00 248,000.001010248,000.00 1.350COMP 275.18 0.00 275.181.350101248,000.0020451PLG9 0.00 248,000.001011248,000.00 1.500CONNEC 305.75 0.00 305.751.500101248,000.0020786ABD6 0.00 0.0010120.00 1.350CORNER 257.43 0.00 257.431.350101240,000.00219240AZ1 0.00 0.0010130.00 1.300CRESC 247.89 0.00 247.891.300101240,000.00225645DC1 0.00 240,000.001016240,000.00 1.650EPHRAT 325.48 0.00 325.481.650101240,000.00294209AQ4 0.00 248,000.001017248,000.00 1.700EVRBA 346.52 0.00 346.521.700101248,000.0029976DXX3 0.00 248,000.001018248,000.00 1.250FARMER 254.79 0.00 254.791.250101248,000.00307814DC4 0.00 240,000.001019240,000.00 1.7501STBUS 345.21 0.00 345.211.750101240,000.0031938QH72 0.00 240,000.001020240,000.00 1.5001STMER 295.89 0.00 295.891.500101240,000.0032082BDF3 0.00 240,000.001024240,000.00 1.750GCB 345.20 0.00 345.201.750101240,000.00402194EB6 0.00 248,000.001026248,000.00 1.200MFR 244.61 0.00 244.611.200101248,000.00564759QT8 0.00 248,000.001027248,000.00 1.100MBFIN 224.21 0.00 224.211.100101248,000.0055266CME3 0.00 0.0010280.00 1.350MEDBA 213.04 0.00 213.041.350101240,000.0058403BL95 0.00 240,000.001029240,000.00 1.350MRRCK 266.30 0.00 266.301.350101240,000.0059012Y6Q5 0.00 248,000.001030248,000.00 1.250MORTN 254.79 0.00 254.791.250101248,000.00619165GE7 0.00 240,000.001031240,000.00 1.800PEAPAC 355.06 0.00 355.061.800101240,000.00704692AL6 0.00 240,000.001032240,000.00 1.500PRVTBA 295.89 0.00 295.891.500101240,000.0074267GVG9 0.00 240,000.001033240,000.00 1.400REGAL 276.16 0.00 276.161.400101240,000.0075874TAH4 0.00 248,000.001034248,000.00 1.400RVRW 285.37 0.00 285.371.400101248,000.0076951DAL4 0.00 248,000.001035248,000.00 1.400SOLOM 285.37 0.00 285.371.400101248,000.0083427LAX2 0.00 0.0010360.00 1.000SOATL 54.36 0.00 54.361.000101248,000.0083637AAP9 0.00 240,000.001042240,000.00 1.800WEB 355.07 0.00 355.071.800101240,000.0094768NJQ8 0.00 240,000.001043240,000.00 1.200WELLS 236.72 0.00 236.721.200101240,000.009497483N5 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,661.61 0.00 4,661.611.1341015,000,000.00912828S27 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:12 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest April 1, 2018 - April 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3741012,491,250.003130A7QZ1 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 2,656.25 0.00 2,656.251.2931012,500,000.003134G8Y37 0.00 49,383,066.92105549,383,066.92 1.661LAIF 77,175.75 0.00 77,175.751.90410149,203,382.3798-33-434 0.00 4,347,669.8910574,347,669.89WELLS 0.01 0.00 0.011012,429,776.474159282482 0.00 3,000.0010593,000.00CITYPC 0.00 0.00 0.001011,700.00SYS1059 0.00 2,502,250.0010632,500,000.00 0.875USTR 1,797.63 0.00 1,797.630.8741012,502,250.00912828L81 0.00 2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3941012,500,000.003130A9UQ2 0.00 240,000.001066240,000.00 2.250DISCOV 443.83 0.00 443.832.250101240,000.002546722U1 0.00 240,000.001067240,000.00 2.200BMW 433.97 0.00 433.972.200101240,000.0005580AGK4 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,817.62 0.00 2,817.621.3801012,483,250.00912828J84 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,833.10 0.00 2,833.101.3841012,490,750.00912828U73 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,070.69 0.00 2,070.691.2971011,942,800.00912828T67 0.00 0.0010710.00 0.875USTR 0.00 0.00 0.001010.00912828Q45 0.00 2,000,000.0010722,000,000.00 1.700FNMA 2,833.34 0.00 2,833.341.7241012,000,000.003135G0S53 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.34 0.00 3,333.342.0381011,990,000.003134GBAE2 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1451011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 315.61 0.00 315.611.600101240,000.00857894TC3 0.00 240,000.001077240,000.00 2.250AMEX 443.83 0.00 443.832.250101240,000.0002587DP85 0.00 240,000.001078240,000.00 2.400GLDMAN 473.42 0.00 473.422.400101240,000.0038148PJK4 0.00 493,050.001079500,000.00 1.550APPL 645.84 0.00 645.841.594101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 473.42 0.00 473.422.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 362.47 0.00 362.471.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 443.83 0.00 443.832.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 463.57 0.00 463.572.350101240,000.00795450A70 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.66 0.00 1,666.662.029101999,500.003134GBXF4 0.00 240,000.001085240,000.00 1.850CNTRL 364.94 0.00 364.941.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 355.06 0.00 355.061.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 345.20 0.00 345.201.750101240,000.0058740XZL7 0.00 240,000.001088240,000.00 2.300HSBC 453.70 0.00 453.702.300101240,000.0040434YLE5 0.00 240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1801011,000,000.003134GBWG3 0.00 240,000.001091240,000.00 1.6501STFRM 325.48 0.00 325.481.650101240,000.00320165HX4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.103101992,600.003133EGLC7 0.00 240,000.001093240,000.00 1.650DOUGLS 325.48 0.00 325.481.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 345.21 0.00 345.211.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 453.08 0.00 453.082.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 473.42 0.00 473.422.400101240,000.0002587CFU9 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:12 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest April 1, 2018 - April 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00 498,750.001098500,000.00 1.550TOYOTA 645.83 0.00 645.831.575101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 463.16 0.00 463.162.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 352.40 0.00 352.401.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 422.87 0.00 422.872.100101245,000.00080515CD9 0.00 498,840.001103500,000.00 1.250USTR 517.96 0.00 517.961.263101498,840.00912828M64 0.00 996,800.0011041,000,000.00 1.625FHLB 1,354.16 0.00 1,354.161.653101996,800.003130A66T9 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.66 0.00 1,416.661.737101992,200.003133EHWM1 0.00 245,000.001106245,000.00 2.200CRS1ST 443.02 0.00 443.022.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 432.94 0.00 432.942.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 352.40 0.00 352.401.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 362.46 0.00 362.461.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 483.29 0.00 483.292.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 412.81 0.00 412.812.050101245,000.0035638BAA9 0.00 245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00 1,507,063.6011141,507,063.60CALPRS 0.00 0.00 0.001011,507,063.60SYS1114 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5851011,000,000.003134GSCD5 0.00 985,800.0011171,000,000.00 1.500USTR 1,243.09 0.00 1,243.091.534101985,800.009128282Q2 0.00 497,700.001118500,000.00 1.850MCRSFT 770.84 0.00 770.841.884101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 563.83 0.00 563.832.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 513.49 0.00 513.492.550101245,000.0091330ABN6 0.00 999,000.0011211,000,000.00 2.375FHLB 1,913.19 0.00 1,913.192.4101010.003130ADMF6 0.00 746,625.001122750,000.00 2.750FHLMC 1,661.46 0.00 1,661.462.8011010.003134GSCQ6 0.00 245,000.001123245,000.00 2.900CITINA 389.32 0.00 389.322.9001010.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 217.48 0.00 217.482.7001010.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 0.00 0.00 0.001010.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 0.00 0.00 0.001010.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 71.01 0.00 71.012.7001010.00666613GV0 0.00 240,000.001128240,000.00 2.800TOWNE 18.36 0.00 18.362.7921010.0089214PBL2 0.00 109,280,800.41Subtotal 109,125,165.41 1.676 147,301.060.00147,301.06105,038,662.44 0.00 Fund: 1st Empire Securities Cash Bal 0.0010600.00EMPIRE 106.96 0.00 106.960.90210265,528.24SYS1060 0.00 0.00Subtotal 0.00 0.902 106.960.00106.9665,528.24 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:12 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest April 1, 2018 - April 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: Fiscal Agent 3,024.6410583,024.64USBANK 11.52 0.00 11.520.68523121,050.62SYS1058 0.00 3,024.64Subtotal 3,024.64 0.685 11.520.0011.5221,050.62 0.00 Fund: Housing Authority : WSA and LQ 5,062.1510615,062.15WSALQ 0.00 0.00 0.002411,073,290.98SYS1061 0.00 203,214.381062203,214.38LQPR 0.00 0.00 0.00241195,448.93SYS1062 0.00 208,276.53Subtotal 208,276.53 0.000.000.001,268,739.91 0.00 Fund: SA Low/Mod Bond Fund 23,740,669.95111323,740,669.95 1.661LAIF 37,097.55 0.00 37,097.551.90424923,647,385.1725-33-005 0.00 23,740,669.95Subtotal 23,740,669.95 1.904 37,097.550.0037,097.5523,647,385.17 0.00 133,232,771.53Total 133,077,136.53 1.700 184,517.090.00184,517.09130,041,366.38 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:12 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value May 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,000.00 3,000.0007/01/2016 3,000.00 1SYS1059 0.000 1First Empire Bank1060 487,000.00 487,000.0007/01/2016 487,000.00 1SYS1060 0.000 1La Quinta Palms Realty1062 217,471.38 217,471.3807/01/2016 217,471.38 1SYS1062 0.000 1Wells Fargo1057 6,459,643.45 6,459,643.4507/01/2016 6,459,643.45 14159282482 0.000 1Washington St Apt La Quinta1061 0.00 0.0007/01/2016 0.00 1SYS1061 0.000 7,167,114.83 17,167,114.837,167,114.834,842,863.32Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 23,740,669.95 23,740,669.95 1.75510/31/2017 23,740,669.95 125-33-005 1.755 23,740,669.95 123,740,669.9523,740,669.9523,740,669.95Subtotal and Average 1 1.755 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 49,383,066.92 49,383,066.92 1.75549,317,050.16 198-33-434 1.755 49,383,066.92 149,317,050.1649,383,066.9249,383,066.92Subtotal and Average 1 1.755 Federal Agency Coupon Securities 406Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 985,700.00 7323133EGLC7 1.456 1,188Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 970,720.00 1,3923133EHWM1 1.913 384Federal Farm Credit Bank1141 500,000.00 494,750.00 06/20/20191.21005/31/2018 494,125.00 3853133EGFU4 2.224 707Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 491,495.00 7083133EHJA2 2.427 1,062Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,407,625.00 1,8263130A7QZ1 1.423 878Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,428,250.00 1,4613130A9UQ2 1.375 833Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 981,230.00 1,0373130A66T9 1.741 1,733Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 995,950.00 1,7933130ADMF6 3.111 1,062Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,458,925.00 1,8263134G8Y37 1.400 1,397Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,942,360.00 1,8263134GBAE2 2.106 1,307Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 973,700.00 1,6373134GBXF4 2.012 1,517Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 972,110.00 1,8263134GBWG3 2.150 1,704Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 987,370.00 1,8263134GSCD5 2.550 1,728Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 742,582.50 1,7883134GSCQ6 2.849 318Federal Home Loan Mtg Corp1129 500,000.00 495,250.00 04/15/20191.12505/10/2018 495,150.00 3403137EADZ9 2.161 605Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,975,480.00 1,0363135G0S53 1.700 468Federal National Mtg Assn1139 500,000.00 496,700.00 09/12/20191.75005/31/2018 496,270.00 4693135G0ZG1 2.275 427Federal National Mtg Assn1140 500,000.00 492,000.00 08/02/20190.87505/31/2018 491,680.00 4283135G0N33 2.269 21,678,425.00 1,43821,290,722.5021,750,000.0019,623,158.87Subtotal and Average 1,042 1.878 Portfolio CITY CP Run Date: 09/04/2018 - 16:08 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value May 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,125U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,789,650.00 1,808912828S27 1.125 136U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,489,350.00 721912828L81 0.829 669U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,454,300.00 1,107912828J84 1.602 562U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,462,700.00 1,000912828U73 1.513 1,248U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,913,200.00 1,679912828T67 1.903 167U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 498,125.00 371912828M64 1.481 806U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 979,650.00 9369128282Q2 2.071 364U.S. Treasury1130 1,000,000.00 992,600.00 05/31/20191.50005/10/2018 992,460.00 386912828WL0 2.211 182U.S. Treasury1131 500,000.00 498,000.00 11/30/20181.25005/10/2018 497,910.00 204912828A34 1.974 699U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 488,045.00 700912828VA5 2.387 17,882,540.00 1,19017,565,390.0018,000,000.0016,977,285.16Subtotal and Average 734 1.469 Certificate of Deposits 353First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 238,804.80 1,82631938QH72 1.751 538First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,019.20 853320165HX4 1.653 151First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,858.40 1,64432082BDF3 1.501 871First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 244,218.45 91533715LBJ8 2.623 1,340Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 240,616.95 1,46288413QBY3 2.233 1,595Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 236,405.40 1,82601859BAA3 2.251 206Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,457.60 1,09602006LWX7 1.702 1,053Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 234,420.00 1,46102587DP85 2.252 1,550American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 231,679.20 1,82602587CFU9 2.402 1,755Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 240,656.15 1,826034577AH9 2.802 1,607Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 231,950.40 1,82606740KLJ4 2.291 1,270Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 237,689.20 1,462080515CD9 2.101 1,364BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 233,068.80 1,82605580AGK4 2.201 958Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 233,404.80 1,28006610RAP4 1.804 1,102Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,027.20 1,46114042RGD7 2.252 740Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,104.50 1,827140420RX0 1.902 997Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 232,377.60 1,82720033APG5 1.702 74CIT Bank UT1008 240,000.00 240,000.00 08/14/20181.90008/14/2013 240,072.00 1,82617284CKN3 1.901 1,775Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 241,594.50 1,82617312QJ26 2.902 357City National Bank of Florida1132 240,000.00 240,000.00 05/24/20192.20005/24/2018 239,829.60 36517801DDT0 2.200 1,139Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 231,928.80 1,46115523RBJ4 1.851 4Compass Bank1010 248,000.00 248,000.00 06/05/20181.35006/05/2015 247,990.08 1,09620451PLG9 1.351 369Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,383.04 1,46120786ABD6 1.501 Portfolio CITY CP Run Date: 09/04/2018 - 16:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value May 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,631CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 235,479.30 1,82422766ACB9 2.201 1,341Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 233,632.80 1,8262546722U1 2.251 599Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,388.00 916259744DS6 1.655 1,792EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 237,067.20 1,82429278TAY6 2.952 1,641Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 234,864.35 1,82629367QCP1 2.151 333Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,491.20 1,826294209AQ4 1.651 735EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 242,893.68 1,82729976DXX3 1.702 249Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 246,578.96 1,341307814DC4 1.252 1,428Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 237,921.60 1,46030960QAG2 2.802 935Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,036.30 1,09635638BAA9 2.052 353Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 238,812.00 1,827402194EB6 1.724 1,425Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 234,422.40 1,82638148PJK4 2.401 773First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 234,940.80 1,096319141GT8 1.752 1,504HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 232,960.80 1,82640434YLE5 2.301 711Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 240,445.45 915472376AC6 1.751 1,446Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 236,425.00 1,64250116CBE8 2.099 1,672Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 237,123.25 1,826499724AB8 2.401 4MB Financial Bank1027 248,000.00 248,000.00 06/05/20181.10006/05/2015 247,987.60 1,09655266CME3 1.101 767Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 234,998.40 1,09658740XZL7 1.752 273Metabank Sioux Falls1133 245,000.00 245,000.00 03/01/20192.05005/15/2018 244,853.00 29059101LDR5 2.057 10MFR Trade & Trust1026 248,000.00 248,000.00 06/11/20181.20006/10/2015 247,967.76 1,097564759QT8 1.033 742Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 242,553.92 1,827063615AVO 1.652 535Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,513.25 73261747MA92 1.800 194Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,226.24 1,279619165GE7 1.251 535Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,336.85 73261760AEP0 1.750 1,621Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 236,608.75 1,82662384RAC0 2.301 1,243Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 237,676.80 1,279666613GV0 2.703 269New York Community Bank1137 245,000.00 245,000.00 02/25/20192.05005/25/2018 244,862.80 276649447RL5 2.050 1,328The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 230,788.80 1,645677721CN0 1.903 361Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,342.40 1,826704692AL6 1.801 1,090PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 230,632.80 1,82674267GVG9 1.501 45Regal Bank1033 240,000.00 240,000.00 07/16/20181.40005/16/2014 239,988.00 1,52275874TAH4 1.401 906First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 238,811.30 1,251319267GC8 1.802 461Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 245,869.68 1,55376951DAL4 1.402 1,481Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 233,611.20 1,826795450A70 2.351 368Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,390.48 1,46183427LAX2 1.401 Portfolio CITY CP Run Date: 09/04/2018 - 16:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value May 31, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 690Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,120.80 1,096857894TC3 1.588 1,462Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 234,230.40 1,82687164XQV1 2.401 1,064Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 238,977.60 1,09689214PBL2 2.800 349Union BankNA1136 240,000.00 240,000.00 05/16/20192.20005/16/2018 239,860.80 36590521AQW1 2.200 1,019Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 242,530.40 1,09691330ABN6 2.552 1,809University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 238,041.60 1,82791435LAG2 3.052 326Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,505.60 1,82694768NJQ8 1.801 270Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,143.20 1,0969497483N5 1.201 16,260,000.00 1,42715,997,470.1916,260,000.0015,611,129.03Subtotal and Average 879 1.981 Corporate Notes 1,160Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 480,670.00 1,514037833CC2 1.900 273Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,981,700.00 702478160BR4 1.305 615Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 494,385.00 745594918BV5 2.081 504Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 492,240.00 71089236TDH5 1.681 3,482,700.00 8243,448,995.003,500,000.003,482,700.00Subtotal and Average 481 1.554 Money Market with Fiscal Agent 1US Bank1058 3,027.64 3,027.6407/01/2016 3,027.64 1SYS1058 0.000 3,027.64 13,027.643,027.643,024.74Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,507,063.60 1,507,063.6012/18/2017 1,507,063.60 1SYS1114 0.000 1,507,063.60 11,507,063.601,507,063.601,507,063.60Subtotal and Average 1 0.000 557135,170,961.59 141,310,942.94 367 1.651140,037,503.87 141,104,607.94Total and Average Portfolio CITY CP Run Date: 09/04/2018 - 16:08 PM (PRF_PM2) 7.3.0 Days to Maturity Page 5 Par Value Book Value Stated RateMarket Value May 31, 2018 Portfolio Details - Cash Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date 0.00 557135,170,961.59 141,310,942.94 367 1.651 0 0 2,705.69 2,705.69 2,705.69 2,705.69 Subtotal Accrued Interest at PurchaseAverage Balance 140,040,209.56 141,107,313.63Total Cash and Investments Portfolio CITY CP Run Date: 09/04/2018 - 16:08 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund May 1, 2018 - May 31, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001001240,000.00 1.700ALLY 346.52 0.00 346.521.700101240,000.0002006LWX7 0.00 248,000.001002248,000.00 1.650MIDWES 347.54 0.00 347.541.650101248,000.00063615AVO 0.00 245,000.001006245,000.00 1.900CAPONE 395.35 0.00 395.351.900101245,000.00140420RX0 0.00 240,000.001008240,000.00 1.900CITI 387.29 0.00 387.291.900101240,000.0017284CKN3 0.00 240,000.001009240,000.00 1.700CCBA 346.52 0.00 346.521.700101240,000.0020033APG5 0.00 248,000.001010248,000.00 1.350COMP 284.35 0.00 284.351.350101248,000.0020451PLG9 0.00 248,000.001011248,000.00 1.500CONNEC 315.94 0.00 315.941.500101248,000.0020786ABD6 0.00 240,000.001016240,000.00 1.650EPHRAT 336.33 0.00 336.331.650101240,000.00294209AQ4 0.00 248,000.001017248,000.00 1.700EVRBA 358.07 0.00 358.071.700101248,000.0029976DXX3 0.00 248,000.001018248,000.00 1.250FARMER 263.29 0.00 263.291.250101248,000.00307814DC4 0.00 240,000.001019240,000.00 1.7501STBUS 356.71 0.00 356.711.750101240,000.0031938QH72 0.00 240,000.001020240,000.00 1.5001STMER 305.75 0.00 305.751.500101240,000.0032082BDF3 0.00 240,000.001024240,000.00 1.750GCB 356.72 0.00 356.721.750101240,000.00402194EB6 0.00 248,000.001026248,000.00 1.200MFR 252.75 0.00 252.751.200101248,000.00564759QT8 0.00 248,000.001027248,000.00 1.100MBFIN 231.70 0.00 231.701.100101248,000.0055266CME3 0.00 0.0010290.00 1.350MRRCK 71.02 0.00 71.021.350101240,000.0059012Y6Q5 0.00 248,000.001030248,000.00 1.250MORTN 263.29 0.00 263.291.250101248,000.00619165GE7 0.00 240,000.001031240,000.00 1.800PEAPAC 366.91 0.00 366.911.800101240,000.00704692AL6 0.00 240,000.001032240,000.00 1.500PRVTBA 305.76 0.00 305.761.500101240,000.0074267GVG9 0.00 240,000.001033240,000.00 1.400REGAL 285.37 0.00 285.371.400101240,000.0075874TAH4 0.00 248,000.001034248,000.00 1.400RVRW 294.88 0.00 294.881.400101248,000.0076951DAL4 0.00 248,000.001035248,000.00 1.400SOLOM 294.89 0.00 294.891.400101248,000.0083427LAX2 0.00 240,000.001042240,000.00 1.800WEB 366.90 0.00 366.901.800101240,000.0094768NJQ8 0.00 240,000.001043240,000.00 1.200WELLS 244.60 0.00 244.601.200101240,000.009497483N5 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,816.98 0.00 4,816.981.1341015,000,000.00912828S27 0.00 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3291012,491,250.003130A7QZ1 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 3,125.00 0.00 3,125.001.4721012,500,000.003134G8Y37 0.00 49,383,066.92105549,383,066.92 1.755LAIF 79,864.51 0.00 79,864.511.90410149,383,066.9298-33-434 0.00 6,459,643.4510576,459,643.45WELLS 0.01 0.00 0.011014,347,669.894159282482 0.00 3,000.0010593,000.00CITYPC 0.00 0.00 0.001013,000.00SYS1059 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:17 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest May 1, 2018 - May 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,502,250.0010632,500,000.00 0.875USTR 1,852.80 0.00 1,852.800.8721012,502,250.00912828L81 0.00 2,500,000.0010642,500,000.00 1.375FHLB 2,864.58 0.00 2,864.581.3491012,500,000.003130A9UQ2 0.00 240,000.001066240,000.00 2.250DISCOV 458.63 0.00 458.632.250101240,000.002546722U1 0.00 240,000.001067240,000.00 2.200BMW 448.44 0.00 448.442.200101240,000.0005580AGK4 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,911.55 0.00 2,911.551.3801012,483,250.00912828J84 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,927.54 0.00 2,927.541.3841012,490,750.00912828U73 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,105.98 0.00 2,105.981.2761011,942,800.00912828T67 0.00 2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.6681012,000,000.003135G0S53 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.33 0.00 3,333.331.9721011,990,000.003134GBAE2 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1081011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 326.14 0.00 326.141.600101240,000.00857894TC3 0.00 240,000.001077240,000.00 2.250AMEX 458.63 0.00 458.632.250101240,000.0002587DP85 0.00 240,000.001078240,000.00 2.400GLDMAN 489.21 0.00 489.212.400101240,000.0038148PJK4 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.542101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 489.21 0.00 489.212.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 374.55 0.00 374.551.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 458.63 0.00 458.632.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 479.01 0.00 479.012.350101240,000.00795450A70 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.67 0.00 1,666.671.963101999,500.003134GBXF4 0.00 240,000.001085240,000.00 1.850CNTRL 377.09 0.00 377.091.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 366.91 0.00 366.911.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 356.71 0.00 356.711.750101240,000.0058740XZL7 0.00 240,000.001088240,000.00 2.300HSBC 468.82 0.00 468.822.300101240,000.0040434YLE5 0.00 240,000.001089240,000.00 1.900OHVAL 387.29 0.00 387.291.900101240,000.00677721CN0 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.67 0.00 1,791.672.1101011,000,000.003134GBWG3 0.00 240,000.001091240,000.00 1.6501STFRM 336.32 0.00 336.321.650101240,000.00320165HX4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.068101992,600.003133EGLC7 0.00 240,000.001093240,000.00 1.650DOUGLS 336.33 0.00 336.331.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 356.71 0.00 356.711.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 468.18 0.00 468.182.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 489.21 0.00 489.212.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 468.82 0.00 468.822.300101240,000.0006740KLJ4 0.00 498,750.001098500,000.00 1.550TOYOTA 645.83 0.00 645.831.525101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 478.58 0.00 478.582.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 364.14 0.00 364.141.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 436.97 0.00 436.972.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 436.98 0.00 436.982.100101245,000.00080515CD9 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:17 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest May 1, 2018 - May 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 498,840.001103500,000.00 1.250USTR 530.43 0.00 530.431.252101498,840.00912828M64 0.00 996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.600101996,800.003130A66T9 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.681101992,200.003133EHWM1 0.00 245,000.001106245,000.00 2.200CRS1ST 457.78 0.00 457.782.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 447.38 0.00 447.382.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 364.15 0.00 364.151.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 374.55 0.00 374.551.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 499.40 0.00 499.402.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 426.56 0.00 426.562.050101245,000.0035638BAA9 0.00 245,000.001112245,000.00 2.5003RD 520.21 0.00 520.212.500101245,000.0088413QBY3 0.00 1,507,063.6011141,507,063.60CALPRS 0.00 0.00 0.001011,507,063.60SYS1114 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5021011,000,000.003134GSCD5 0.00 985,800.0011171,000,000.00 1.500USTR 1,284.54 0.00 1,284.541.534101985,800.009128282Q2 0.00 497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.824101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 582.63 0.00 582.632.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 530.61 0.00 530.612.550101245,000.0091330ABN6 0.00 999,000.0011211,000,000.00 2.375FHLB 1,979.17 0.00 1,979.172.333101999,000.003130ADMF6 0.00 746,625.001122750,000.00 2.750FHLMC 1,718.75 0.00 1,718.752.710101746,625.003134GSCQ6 0.00 245,000.001123245,000.00 2.900CITINA 603.43 0.00 603.432.900101245,000.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 561.82 0.00 561.822.700101245,000.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 601.32 0.00 601.322.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 570.74 0.00 570.742.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 550.36 0.00 550.362.700101240,000.00666613GV0 0.00 240,000.001128240,000.00 2.800TOWNE 569.18 0.00 569.182.792101240,000.0089214PBL2 0.00 495,250.001129500,000.00 1.125FHLMC 328.12 0.00 328.121.0991010.003137EADZ9 0.00 992,600.0011301,000,000.00 1.500USTR 906.36 0.00 906.361.5151010.00912828WL0 0.00 498,000.001131500,000.00 1.250USTR 377.66 0.00 377.661.2581010.00912828A34 0.00 240,000.001132240,000.00 2.200CNBF 115.73 0.00 115.732.2001010.0017801DDT0 0.00 245,000.001133245,000.00 2.050METASF 220.16 0.00 220.162.0501010.0059101LDR5 0.00 240,000.001134240,000.00 3.050UOFICU 340.93 0.00 340.933.0501010.0091435LAG2 0.00 240,000.001136240,000.00 2.200UNION 231.45 0.00 231.452.2001010.0090521AQW1 0.00 245,000.001137245,000.00 2.050NYCMBK 96.32 0.00 96.322.0501010.00649447RL5 0.00 488,250.001138500,000.00 1.125USTR 15.28 0.00 15.281.1421010.00912828VA5 0.00 496,700.001139500,000.00 1.750FNMA 0.00 0.00 0.001010.003135G0ZG1 0.00 492,000.001140500,000.00 0.875FNMA 0.00 0.00 0.001010.003135G0N33 0.00 494,750.001141500,000.00 1.210FFCB 0.00 0.00 0.001010.003133EGFU4 0.00 491,750.001142500,000.00 1.550FFCB 0.00 0.00 0.001010.003133EHJA2 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:17 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest May 1, 2018 - May 31, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss 116,862,773.97Subtotal 116,656,438.97 1.654 155,934.760.00155,934.76109,125,165.41 0.00 Fund: 1st Empire Securities Cash Bal 487,000.001060487,000.00EMPIRE 121.15 0.00 121.150.6621020.00SYS1060 0.00 487,000.00Subtotal 487,000.00 0.662 121.150.00121.150.00 0.00 Fund: Fiscal Agent 3,027.6410583,027.64USBANK 3.00 0.00 3.001.1682313,024.64SYS1058 0.00 3,027.64Subtotal 3,027.64 1.168 3.000.003.003,024.64 0.00 Fund: Housing Authority : WSA and LQ 0.0010610.00WSALQ 0.00 0.00 0.002415,062.15SYS1061 0.00 217,471.381062217,471.38LQPR 0.00 0.00 0.00241203,214.38SYS1062 0.00 217,471.38Subtotal 217,471.38 0.000.000.00208,276.53 0.00 Fund: SA Low/Mod Bond Fund 23,740,669.95111323,740,669.95 1.755LAIF 38,394.47 0.00 38,394.471.90424923,740,669.9525-33-005 0.00 23,740,669.95Subtotal 23,740,669.95 1.904 38,394.470.0038,394.4723,740,669.95 0.00 141,310,942.94Total 141,104,607.94 1.694 194,453.380.00194,453.38133,077,136.53 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:17 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Days to Maturity Page 1 Par Value Book Value Maturity Date Stated RateMarket Value June 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Bank Accounts 1City Petty Cash1059 3,000.00 3,000.0007/01/2016 3,000.00 1SYS1059 0.000 1First Empire Bank1060 70,067.00 70,067.0007/01/2016 70,067.00 1SYS1060 0.000 1La Quinta Palms Realty1062 232,576.82 232,576.8207/01/2016 232,576.82 1SYS1062 0.000 1Wells Fargo1057 15,172,389.62 15,172,389.6207/01/2016 15,172,389.62 14159282482 0.000 1Washington St Apt La Quinta1061 0.00 0.0007/01/2016 0.00 1SYS1061 0.000 15,478,033.44 115,478,033.4415,478,033.447,295,954.05Subtotal and Average 1 0.000 Local Agency Invstmnt Fund-Housing 1Local Agency Inv Fund1113 23,740,669.95 23,740,669.95 1.85410/31/2017 23,740,669.95 125-33-005 1.854 23,740,669.95 123,740,669.9523,740,669.9523,740,669.95Subtotal and Average 1 1.854 Local Agency Investment Fund-City 1Local Agency Inv Fund1055 49,383,066.92 49,383,066.92 1.85449,317,050.16 198-33-434 1.854 49,383,066.92 149,317,050.1649,383,066.9249,383,066.92Subtotal and Average 1 1.854 Federal Agency Coupon Securities 376Federal Farm Credit Bank1092 1,000,000.00 992,600.00 07/12/20191.08007/10/2017 985,490.00 7323133EGLC7 1.456 1,158Federal Farm Credit Bank1105 1,000,000.00 992,200.00 09/01/20211.70011/09/2017 968,840.00 1,3923133EHWM1 1.913 354Federal Farm Credit Bank1141 500,000.00 494,750.00 06/20/20191.21005/31/2018 494,175.00 3853133EGFU4 2.224 677Federal Farm Credit Bank1142 500,000.00 491,750.00 05/08/20201.55005/31/2018 490,790.00 7083133EHJA2 2.427 1,032Federal Home Loan Bank1053 2,500,000.00 2,491,250.00 04/28/20211.35004/28/2016 2,404,950.00 1,8263130A7QZ1 1.423 848Federal Home Loan Bank1064 2,500,000.00 2,500,000.00 10/26/20201.37510/26/2016 2,424,625.00 1,4613130A9UQ2 1.375 803Federal Home Loan Bank1104 1,000,000.00 996,800.00 09/11/20201.62511/09/2017 978,250.00 1,0373130A66T9 1.741 1,703Federal Home Loan Bank1121 1,000,000.00 999,000.00 02/28/20232.37504/02/2018 995,310.00 1,7933130ADMF6 3.111 1,032Federal Home Loan Mtg Corp1054 2,500,000.00 2,500,000.00 04/28/20211.50004/28/2016 2,456,950.00 1,8263134G8Y37 1.400 1,367Federal Home Loan Mtg Corp1073 2,000,000.00 1,990,000.00 03/29/20222.00003/29/2017 1,939,480.00 1,8263134GBAE2 2.106 1,277Federal Home Loan Mtg Corp1084 1,000,000.00 999,500.00 12/29/20212.00007/06/2017 971,570.00 1,6373134GBXF4 2.012 1,487Federal Home Loan Mtg Corp1090 1,000,000.00 1,000,000.00 07/27/20222.15007/27/2017 970,380.00 1,8263134GBWG3 2.150 1,674Federal Home Loan Mtg Corp1116 1,000,000.00 1,000,000.00 01/30/20232.55001/30/2018 985,030.00 1,8263134GSCD5 2.550 1,698Federal Home Loan Mtg Corp1122 750,000.00 746,625.00 02/23/20232.75004/02/2018 740,797.50 1,7883134GSCQ6 2.849 288Federal Home Loan Mtg Corp1129 500,000.00 495,250.00 04/15/20191.12505/10/2018 495,390.00 3403137EADZ9 2.161 575Federal National Mtg Assn1072 2,000,000.00 2,000,000.00 01/27/20201.70003/27/2017 1,974,040.00 1,0363135G0S53 1.700 438Federal National Mtg Assn1139 500,000.00 496,700.00 09/12/20191.75005/31/2018 495,955.00 4693135G0ZG1 2.275 397Federal National Mtg Assn1140 500,000.00 492,000.00 08/02/20190.87505/31/2018 491,690.00 4283135G0N33 2.269 21,678,425.00 1,43821,263,712.5021,750,000.0021,678,425.00Subtotal and Average 1,012 1.878 Portfolio CITY CP Run Date: 09/04/2018 - 16:10 PM (PRF_PM2) 7.3.0 Report Ver. 7.3.6.1 Days to Maturity Page 2 Par Value Book Value Maturity Date Stated RateMarket Value June 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Treasury Coupon Securities 1,095U.S. Treasury1045 5,000,000.00 5,000,000.00 06/30/20211.12507/18/2016 4,784,000.00 1,808912828S27 1.125 106U.S. Treasury1063 2,500,000.00 2,502,250.00 10/15/20180.87510/24/2016 2,491,950.00 721912828L81 0.829 639U.S. Treasury1068 2,500,000.00 2,483,250.00 03/31/20201.37503/20/2017 2,451,375.00 1,107912828J84 1.602 532U.S. Treasury1069 2,500,000.00 2,490,750.00 12/15/20191.37503/20/2017 2,460,850.00 1,000912828U73 1.513 1,218U.S. Treasury1070 2,000,000.00 1,942,800.00 10/31/20211.25003/27/2017 1,910,780.00 1,679912828T67 1.903 137U.S. Treasury1103 500,000.00 498,840.00 11/15/20181.25011/09/2017 498,495.00 371912828M64 1.481 776U.S. Treasury1117 1,000,000.00 985,800.00 08/15/20201.50001/22/2018 978,280.00 9369128282Q2 2.071 334U.S. Treasury1130 1,000,000.00 992,600.00 05/31/20191.50005/10/2018 992,460.00 386912828WL0 2.211 152U.S. Treasury1131 500,000.00 498,000.00 11/30/20181.25005/10/2018 498,280.00 204912828A34 1.974 669U.S. Treasury1138 500,000.00 488,250.00 04/30/20201.12505/31/2018 487,560.00 700912828VA5 2.387 17,882,540.00 1,19017,554,030.0018,000,000.0017,882,540.00Subtotal and Average 704 1.469 Certificate of Deposits 323First Business Bank1019 240,000.00 240,000.00 05/20/20191.75005/20/2014 238,754.40 1,82631938QH72 1.751 508First Farmers Bank &Trust Co.1091 240,000.00 240,000.00 11/21/20191.65007/21/2017 237,036.00 853320165HX4 1.653 121First Merchants Bank1020 240,000.00 240,000.00 10/30/20181.50004/30/2014 239,810.40 1,64432082BDF3 1.501 841First Tech Federal Credit Unio1124 245,000.00 245,000.00 10/19/20202.70004/18/2018 244,073.90 91533715LBJ8 2.623 1,310Third Federal Savings and Loan1112 245,000.00 245,000.00 01/31/20222.50001/30/2018 240,256.80 1,46288413QBY3 2.233 1,443Allegiance Bank1143 245,000.00 245,000.00 06/13/20223.10006/13/2018 244,828.50 1,46101748DBE5 3.102 1,565Alliance Credit Union1095 245,000.00 245,000.00 10/13/20222.25010/13/2017 235,947.25 1,82601859BAA3 2.251 176Ally Bank Midvale1001 240,000.00 240,000.00 12/24/20181.70012/24/2015 239,448.00 1,09602006LWX7 1.702 1,023Amex Centurion1077 240,000.00 240,000.00 04/19/20212.25004/19/2017 234,458.40 1,46102587DP85 2.252 1,520American Express Fed Savings B1096 240,000.00 240,000.00 08/29/20222.40008/29/2017 231,055.20 1,82602587CFU9 2.402 1,725Aneca Federal Credit Union1119 245,000.00 245,000.00 03/22/20232.80003/22/2018 240,126.95 1,826034577AH9 2.802 1,577Barclays Bank1097 240,000.00 240,000.00 10/25/20222.30010/25/2017 231,494.40 1,82606740KLJ4 2.291 1,240Belmont Savings Bank1102 245,000.00 245,000.00 11/22/20212.10011/21/2017 237,500.55 1,462080515CD9 2.101 1,334BMW Bank1067 240,000.00 240,000.00 02/24/20222.20002/24/2017 232,735.20 1,82605580AGK4 2.201 928Bankers Bank1086 240,000.00 240,000.00 01/14/20211.80007/14/2017 233,457.60 1,28006610RAP4 1.804 1,072Capital One Natl Assn FDIC42971082 240,000.00 240,000.00 06/07/20212.25006/07/2017 235,032.00 1,46114042RGD7 2.252 710Capital One USA FDIC339541006 245,000.00 245,000.00 06/10/20201.90006/10/2015 241,106.95 1,827140420RX0 1.902 967Comenity Capital Bank1009 240,000.00 240,000.00 02/22/20211.70002/22/2016 232,464.00 1,82720033APG5 1.702 44CIT Bank UT1008 240,000.00 240,000.00 08/14/20181.90008/14/2013 239,992.80 1,82617284CKN3 1.901 1,745Citibank NA1123 245,000.00 245,000.00 04/11/20232.90004/11/2018 241,048.15 1,82617312QJ26 2.902 327City National Bank of Florida1132 240,000.00 240,000.00 05/24/20192.20005/24/2018 239,688.00 36517801DDT0 2.200 1,109Central State Bank1085 240,000.00 240,000.00 07/14/20211.85007/14/2017 231,950.40 1,46115523RBJ4 1.851 339Connect One1011 248,000.00 248,000.00 06/05/20191.50006/05/2015 246,365.68 1,46120786ABD6 1.501 Portfolio CITY CP Run Date: 09/04/2018 - 16:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 3 Par Value Book Value Maturity Date Stated RateMarket Value June 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 1,601CrossFirst Bank1106 245,000.00 245,000.00 11/18/20222.20011/20/2017 235,035.85 1,82422766ACB9 2.201 1,311Discover Bank Greenwood DE CF1066 240,000.00 240,000.00 02/01/20222.25002/01/2017 233,323.20 1,8262546722U1 2.251 569Douglas National Bank1093 240,000.00 240,000.00 01/21/20201.65007/19/2017 236,426.40 916259744DS6 1.655 1,762EnerBank USA1125 240,000.00 240,000.00 04/28/20232.95004/30/2018 236,527.20 1,82429278TAY6 2.952 1,611Enterprise Bank, NA1107 245,000.00 245,000.00 11/28/20222.15011/28/2017 234,430.70 1,82629367QCP1 2.151 303Ephrata Bank1016 240,000.00 240,000.00 04/30/20191.65004/30/2014 239,376.00 1,826294209AQ4 1.651 705EverBank1017248,000.00 248,000.00 06/05/20201.70006/05/2015 242,953.20 1,82729976DXX3 1.702 219Farmers & Merch1018 248,000.00 248,000.00 02/05/20191.25006/05/2015 246,618.64 1,341307814DC4 1.252 1,398Farmers Insurance Group FCU1126 240,000.00 240,000.00 04/29/20222.80004/30/2018 237,372.00 1,46030960QAG2 2.802 905Freedom Credit Union1111 245,000.00 245,000.00 12/22/20202.05012/22/2017 240,019.15 1,09635638BAA9 2.052 323Gulf Coast Bank1024 240,000.00 240,000.00 05/20/20191.75005/19/2014 238,761.60 1,827402194EB6 1.724 1,395Goldman Sachs1078 240,000.00 240,000.00 04/26/20222.40004/26/2017 233,952.00 1,82638148PJK4 2.401 743First Bank of Highland1094 240,000.00 240,000.00 07/13/20201.75007/13/2017 234,948.00 1,096319141GT8 1.752 1,474HSBC Bank USA, National Associ1088 240,000.00 240,000.00 07/14/20222.30007/14/2017 232,497.60 1,82640434YLE5 2.301 681Jefferson Bank & Trust1100 245,000.00 245,000.00 05/12/20201.75011/09/2017 240,518.95 915472376AC6 1.751 1,416Kansas State Bank1101 245,000.00 245,000.00 05/17/20222.10011/17/2017 235,964.40 1,64250116CBE8 2.099 1,642Knoxville TVA Credit Union1110 245,000.00 245,000.00 12/29/20222.40012/29/2017 236,647.95 1,826499724AB8 2.401 737Mercantile Bank of Michigan1087 240,000.00 240,000.00 07/07/20201.75007/07/2017 235,003.20 1,09658740XZL7 1.752 243Metabank Sioux Falls1133 245,000.00 245,000.00 03/01/20192.05005/15/2018 244,713.35 29059101LDR5 2.057 712Bank Midwest1002 248,000.00 248,000.00 06/12/20201.65006/12/2015 242,623.36 1,827063615AVO 1.652 505Morgan Stanley Bank1109 245,000.00 245,000.00 11/18/20191.80011/16/2017 242,498.55 73261747MA92 1.800 164Morton Community1030 248,000.00 248,000.00 12/12/20181.25006/12/2015 247,270.88 1,279619165GE7 1.251 505Morgan Stanley Private Bk, NA1108 245,000.00 245,000.00 11/18/20191.75011/16/2017 242,331.95 73261760AEP0 1.750 1,591Mountain America Federal CU1099 245,000.00 245,000.00 11/08/20222.30011/08/2017 236,143.25 1,82662384RAC0 2.301 1,213Northpointe Bank1127 240,000.00 240,000.00 10/26/20212.70004/26/2018 237,420.00 1,279666613GV0 2.703 239New York Community Bank1137 245,000.00 245,000.00 02/25/20192.05005/25/2018 244,718.25 276649447RL5 2.050 1,298The Ohio Valley Bank1089 240,000.00 240,000.00 01/19/20221.90007/19/2017 230,558.40 1,645677721CN0 1.903 1,438PCSB Bank1149 245,000.00 245,000.00 06/08/20223.00006/08/2018 243,939.15 1,46169324MAD7 3.002 331Peapack-Gladstone Bank1031 240,000.00 240,000.00 05/28/20191.80005/28/2014 239,251.20 1,826704692AL6 1.801 1,060PrivateBank & Trust1032 240,000.00 240,000.00 05/26/20211.50005/26/2016 230,779.20 1,82674267GVG9 1.501 1,815RCB Bank1144 245,000.00 245,000.00 06/20/20233.15006/20/2018 243,309.50 1,82674934YAH4 3.152 15Regal Bank1033 240,000.00 240,000.00 07/16/20181.40005/16/2014 239,971.20 1,52275874TAH4 1.401 876First Bank Richmond1081 245,000.00 245,000.00 11/23/20201.80006/21/2017 238,823.55 1,251319267GC8 1.802 431Riverwood1034248,000.00 248,000.00 09/05/20191.40006/05/2015 245,852.32 1,55376951DAL4 1.402 1,451Sallie Mae Bank Salt Lake CIty1083 240,000.00 240,000.00 06/21/20222.35006/21/2017 233,112.00 1,826795450A70 2.351 338Solomon State1035 248,000.00 248,000.00 06/04/20191.40006/04/2015 246,373.12 1,46183427LAX2 1.401 Portfolio CITY CP Run Date: 09/04/2018 - 16:10 PM (PRF_PM2) 7.3.0 Days to Maturity Page 4 Par Value Book Value Maturity Date Stated RateMarket Value June 30, 2018 Portfolio Details - Investments Average BalanceIssuer Portfolio Management City of La Quinta YTM 365TermCUSIPInvestment # Purchase Date Certificate of Deposits 660Stearnes Bank, N.A.1076 240,000.00 240,000.00 04/21/20201.60004/21/2017 235,209.60 1,096857894TC3 1.588 1,432Synchrony Bank Retail1080 240,000.00 240,000.00 06/02/20222.40006/02/2017 233,692.80 1,82687164XQV1 2.401 1,034Towne Bank1128 240,000.00 240,000.00 04/30/20212.80004/30/2018 238,896.00 1,09689214PBL2 2.800 1,499Traditions Bank1148 245,000.00 245,000.00 08/08/20223.00006/08/2018 243,642.70 1,52289269CBX9 3.003 319Union BankNA1136 240,000.00 240,000.00 05/16/20192.20005/16/2018 239,714.40 36590521AQW1 2.200 989Unity Bank1120 245,000.00 245,000.00 03/16/20212.55003/16/2018 242,474.05 1,09691330ABN6 2.552 1,779University of Iowa Comm. CU1134 240,000.00 240,000.00 05/15/20233.05005/14/2018 237,487.20 1,82791435LAG2 3.052 296Webster Bank1042 240,000.00 240,000.00 04/23/20191.80004/23/2014 239,385.60 1,82694768NJQ8 1.801 240Wells Fargo1043 240,000.00 240,000.00 02/26/20191.20002/26/2016 239,088.00 1,0969497483N5 1.201 715Wex Bank1145 245,000.00 245,000.00 06/15/20202.75006/13/2018 244,786.85 73392937CHG6 2.754 16,741,000.00 1,44016,463,074.0016,741,000.0016,424,300.00Subtotal and Average 927 2.092 Corporate Notes 1,130Apple Inc1079 500,000.00 493,050.00 08/04/20211.55006/12/2017 479,180.00 1,514037833CC2 1.900 243Johnson and Johnson Corp1075 2,000,000.00 1,993,200.00 03/01/20191.12503/29/2017 1,981,220.00 702478160BR4 1.305 585Microsoft Corporation1118 500,000.00 497,700.00 02/06/20201.85001/22/2018 493,610.00 745594918BV5 2.081 474Toyota Motor Credit Corp1098 500,000.00 498,750.00 10/18/20191.55011/07/2017 492,970.00 71089236TDH5 1.681 3,482,700.00 8243,446,980.003,500,000.003,482,700.00Subtotal and Average 451 1.554 Money Market with Fiscal Agent 1US Bank1058 3,030.29 3,030.2907/01/2016 3,030.29 1SYS1058 0.000 3,030.29 13,030.293,030.293,027.73Subtotal and Average 1 0.000 Managed Pool Accounts-OPEB Trust 1CalPERS CERBT Plan1114 1,521,278.48 1,521,278.4812/18/2017 1,521,278.48 1SYS1114 0.000 1,521,278.48 11,521,278.481,521,278.481,507,537.43Subtotal and Average 1 0.000 530141,398,221.08 150,117,079.08 345 1.621148,787,858.82 149,910,744.08Total and Average Portfolio CITY CP Run Date: 09/04/2018 - 16:10 PM (PRF_PM2) 7.3.0 City of La Quinta Total Earnings City of La Quinta - Sorted by Fund - Fund June 1, 2018 - June 30, 2018 Current Rate Ending Par Value Ending Fund Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted InterestAnnualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 240,000.001001240,000.00 1.700ALLY 335.35 0.00 335.351.700101240,000.0002006LWX7 0.00 248,000.001002248,000.00 1.650MIDWES 336.33 0.00 336.331.650101248,000.00063615AVO 0.00 245,000.001006245,000.00 1.900CAPONE 382.61 0.00 382.611.900101245,000.00140420RX0 0.00 240,000.001008240,000.00 1.900CITI 374.79 0.00 374.791.900101240,000.0017284CKN3 0.00 240,000.001009240,000.00 1.700CCBA 335.34 0.00 335.341.700101240,000.0020033APG5 0.00 0.0010100.00 1.350COMP 36.69 0.00 36.691.350101248,000.0020451PLG9 0.00 248,000.001011248,000.00 1.500CONNEC 305.76 0.00 305.761.500101248,000.0020786ABD6 0.00 240,000.001016240,000.00 1.650EPHRAT 325.48 0.00 325.481.650101240,000.00294209AQ4 0.00 248,000.001017248,000.00 1.700EVRBA 346.52 0.00 346.521.700101248,000.0029976DXX3 0.00 248,000.001018248,000.00 1.250FARMER 254.80 0.00 254.801.250101248,000.00307814DC4 0.00 240,000.001019240,000.00 1.7501STBUS 345.20 0.00 345.201.750101240,000.0031938QH72 0.00 240,000.001020240,000.00 1.5001STMER 295.89 0.00 295.891.500101240,000.0032082BDF3 0.00 240,000.001024240,000.00 1.750GCB 345.20 0.00 345.201.750101240,000.00402194EB6 0.00 0.0010260.00 1.200MFR 81.54 0.00 81.541.200101248,000.00564759QT8 0.00 0.0010270.00 1.100MBFIN 29.89 0.00 29.891.100101248,000.0055266CME3 0.00 248,000.001030248,000.00 1.250MORTN 254.79 0.00 254.791.250101248,000.00619165GE7 0.00 240,000.001031240,000.00 1.800PEAPAC 355.07 0.00 355.071.800101240,000.00704692AL6 0.00 240,000.001032240,000.00 1.500PRVTBA 295.89 0.00 295.891.500101240,000.0074267GVG9 0.00 240,000.001033240,000.00 1.400REGAL 276.17 0.00 276.171.400101240,000.0075874TAH4 0.00 248,000.001034248,000.00 1.400RVRW 285.37 0.00 285.371.400101248,000.0076951DAL4 0.00 248,000.001035248,000.00 1.400SOLOM 285.37 0.00 285.371.400101248,000.0083427LAX2 0.00 240,000.001042240,000.00 1.800WEB 355.07 0.00 355.071.800101240,000.0094768NJQ8 0.00 240,000.001043240,000.00 1.200WELLS 236.71 0.00 236.711.200101240,000.009497483N5 0.00 5,000,000.0010455,000,000.00 1.125USTR 4,659.07 0.00 4,659.071.1341015,000,000.00912828S27 0.00 2,491,250.0010532,500,000.00 1.350FHLB 2,812.50 0.00 2,812.501.3741012,491,250.003130A7QZ1 0.00 2,500,000.0010542,500,000.00 1.500FHLMC 3,125.00 0.00 3,125.001.5211012,500,000.003134G8Y37 0.00 49,383,066.92105549,383,066.92 1.854LAIF 77,288.24 0.00 77,288.241.90410149,383,066.9298-33-434 0.00 15,172,389.62105715,172,389.62WELLS 0.01 0.00 0.011016,459,643.454159282482 0.00 3,000.0010593,000.00CITYPC 0.00 0.00 0.001013,000.00SYS1059 0.00 2,502,250.0010632,500,000.00 0.875USTR 1,793.04 0.00 1,793.040.8721012,502,250.00912828L81 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:19 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 2 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest June 1, 2018 - June 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 2,500,000.0010642,500,000.00 1.375FHLB 2,864.59 0.00 2,864.591.3941012,500,000.003130A9UQ2 0.00 240,000.001066240,000.00 2.250DISCOV 443.84 0.00 443.842.250101240,000.002546722U1 0.00 240,000.001067240,000.00 2.200BMW 433.97 0.00 433.972.200101240,000.0005580AGK4 0.00 2,483,250.0010682,500,000.00 1.375USTR 2,817.62 0.00 2,817.621.3801012,483,250.00912828J84 0.00 2,490,750.0010692,500,000.00 1.375USTR 2,824.85 0.00 2,824.851.3801012,490,750.00912828U73 0.00 1,942,800.0010702,000,000.00 1.250USTR 2,038.05 0.00 2,038.051.2761011,942,800.00912828T67 0.00 2,000,000.0010722,000,000.00 1.700FNMA 2,833.33 0.00 2,833.331.7241012,000,000.003135G0S53 0.00 1,990,000.0010732,000,000.00 2.000FHLMC 3,333.33 0.00 3,333.332.0381011,990,000.003134GBAE2 0.00 1,993,200.0010752,000,000.00 1.125J&J 1,875.00 0.00 1,875.001.1451011,993,200.00478160BR4 0.00 240,000.001076240,000.00 1.600STRNS 315.62 0.00 315.621.600101240,000.00857894TC3 0.00 240,000.001077240,000.00 2.250AMEX 443.84 0.00 443.842.250101240,000.0002587DP85 0.00 240,000.001078240,000.00 2.400GLDMAN 473.42 0.00 473.422.400101240,000.0038148PJK4 0.00 493,050.001079500,000.00 1.550APPL 645.83 0.00 645.831.594101493,050.00037833CC2 0.00 240,000.001080240,000.00 2.400SYNCHR 473.42 0.00 473.422.400101240,000.0087164XQV1 0.00 245,000.001081245,000.00 1.800RICHMN 362.46 0.00 362.461.800101245,000.00319267GC8 0.00 240,000.001082240,000.00 2.250CAP1NA 443.84 0.00 443.842.250101240,000.0014042RGD7 0.00 240,000.001083240,000.00 2.350SALMAE 463.56 0.00 463.562.350101240,000.00795450A70 0.00 999,500.0010841,000,000.00 2.000FHLMC 1,666.67 0.00 1,666.672.029101999,500.003134GBXF4 0.00 240,000.001085240,000.00 1.850CNTRL 364.93 0.00 364.931.850101240,000.0015523RBJ4 0.00 240,000.001086240,000.00 1.800BNKRS 355.07 0.00 355.071.800101240,000.0006610RAP4 0.00 240,000.001087240,000.00 1.750MERCTL 345.21 0.00 345.211.750101240,000.0058740XZL7 0.00 240,000.001088240,000.00 2.300HSBC 453.70 0.00 453.702.300101240,000.0040434YLE5 0.00 240,000.001089240,000.00 1.900OHVAL 374.79 0.00 374.791.900101240,000.00677721CN0 0.00 1,000,000.0010901,000,000.00 2.150FHLMC 1,791.66 0.00 1,791.662.1801011,000,000.003134GBWG3 0.00 240,000.001091240,000.00 1.6501STFRM 325.48 0.00 325.481.650101240,000.00320165HX4 0.00 992,600.0010921,000,000.00 1.080FFCB 900.00 0.00 900.001.103101992,600.003133EGLC7 0.00 240,000.001093240,000.00 1.650DOUGLS 325.48 0.00 325.481.650101240,000.00259744DS6 0.00 240,000.001094240,000.00 1.750HIGHLD 345.21 0.00 345.211.750101240,000.00319141GT8 0.00 245,000.001095245,000.00 2.250ALLIAN 453.09 0.00 453.092.250101245,000.0001859BAA3 0.00 240,000.001096240,000.00 2.400AMFSB 473.42 0.00 473.422.400101240,000.0002587CFU9 0.00 240,000.001097240,000.00 2.300BARCLY 453.70 0.00 453.702.300101240,000.0006740KLJ4 0.00 498,750.001098500,000.00 1.550TOYOTA 645.84 0.00 645.841.575101498,750.0089236TDH5 0.00 245,000.001099245,000.00 2.300MTNAMR 463.16 0.00 463.162.300101245,000.0062384RAC0 0.00 245,000.001100245,000.00 1.750JFFRSN 352.40 0.00 352.401.750101245,000.00472376AC6 0.00 245,000.001101245,000.00 2.100KANSAS 422.88 0.00 422.882.100101245,000.0050116CBE8 0.00 245,000.001102245,000.00 2.100BELMNT 422.87 0.00 422.872.100101245,000.00080515CD9 0.00 498,840.001103500,000.00 1.250USTR 509.51 0.00 509.511.243101498,840.00912828M64 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:19 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 3 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest June 1, 2018 - June 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 996,800.0011041,000,000.00 1.625FHLB 1,354.17 0.00 1,354.171.653101996,800.003130A66T9 0.00 992,200.0011051,000,000.00 1.700FFCB 1,416.67 0.00 1,416.671.737101992,200.003133EHWM1 0.00 245,000.001106245,000.00 2.200CRS1ST 443.01 0.00 443.012.200101245,000.0022766ACB9 0.00 245,000.001107245,000.00 2.150ENTRPR 432.94 0.00 432.942.150101245,000.0029367QCP1 0.00 245,000.001108245,000.00 1.750MSPRIV 352.39 0.00 352.391.750101245,000.0061760AEP0 0.00 245,000.001109245,000.00 1.800MORGST 362.47 0.00 362.471.800101245,000.0061747MA92 0.00 245,000.001110245,000.00 2.400KNOX 483.28 0.00 483.282.400101245,000.00499724AB8 0.00 245,000.001111245,000.00 2.050FREECU 412.81 0.00 412.812.050101245,000.0035638BAA9 0.00 245,000.001112245,000.00 2.5003RD 503.42 0.00 503.422.500101245,000.0088413QBY3 0.00 1,521,278.4811141,521,278.48CALPRS 0.00 0.00 0.001011,507,063.60SYS1114 0.00 1,000,000.0011161,000,000.00 2.550FHLMC 2,125.00 0.00 2,125.002.5851011,000,000.003134GSCD5 0.00 985,800.0011171,000,000.00 1.500USTR 1,243.09 0.00 1,243.091.534101985,800.009128282Q2 0.00 497,700.001118500,000.00 1.850MCRSFT 770.83 0.00 770.831.884101497,700.00594918BV5 0.00 245,000.001119245,000.00 2.800ANECA 563.84 0.00 563.842.800101245,000.00034577AH9 0.00 245,000.001120245,000.00 2.550UNITY 513.49 0.00 513.492.550101245,000.0091330ABN6 0.00 999,000.0011211,000,000.00 2.375FHLB 1,979.16 0.00 1,979.162.410101999,000.003130ADMF6 0.00 746,625.001122750,000.00 2.750FHLMC 1,718.75 0.00 1,718.752.801101746,625.003134GSCQ6 0.00 245,000.001123245,000.00 2.900CITINA 583.98 0.00 583.982.900101245,000.0017312QJ26 0.00 245,000.001124245,000.00 2.7001STTCH 543.70 0.00 543.702.700101245,000.0033715LBJ8 0.00 240,000.001125240,000.00 2.950ENER 581.91 0.00 581.912.950101240,000.0029278TAY6 0.00 240,000.001126240,000.00 2.800FARMIG 552.33 0.00 552.332.800101240,000.0030960QAG2 0.00 240,000.001127240,000.00 2.700NORPNT 532.60 0.00 532.602.700101240,000.00666613GV0 0.00 240,000.001128240,000.00 2.800TOWNE 550.82 0.00 550.822.792101240,000.0089214PBL2 0.00 495,250.001129500,000.00 1.125FHLMC 468.75 0.00 468.751.152101495,250.003137EADZ9 0.00 992,600.0011301,000,000.00 1.500USTR 1,229.51 0.00 1,229.511.507101992,600.00912828WL0 0.00 498,000.001131500,000.00 1.250USTR 512.29 0.00 512.291.252101498,000.00912828A34 0.00 240,000.001132240,000.00 2.200CNBF 433.97 0.00 433.972.200101240,000.0017801DDT0 0.00 245,000.001133245,000.00 2.050METASF 412.81 0.00 412.812.050101245,000.0059101LDR5 0.00 240,000.001134240,000.00 3.050UOFICU 601.65 0.00 601.653.050101240,000.0091435LAG2 0.00 240,000.001136240,000.00 2.200UNION 433.97 0.00 433.972.200101240,000.0090521AQW1 0.00 245,000.001137245,000.00 2.050NYCMBK 412.81 0.00 412.812.050101245,000.00649447RL5 0.00 488,250.001138500,000.00 1.125USTR 458.56 0.00 458.561.143101488,250.00912828VA5 0.00 496,700.001139500,000.00 1.750FNMA 729.17 0.00 729.171.786101496,700.003135G0ZG1 0.00 492,000.001140500,000.00 0.875FNMA 364.58 0.00 364.580.902101492,000.003135G0N33 0.00 494,750.001141500,000.00 1.210FFCB 504.17 0.00 504.171.240101494,750.003133EGFU4 0.00 491,750.001142500,000.00 1.550FFCB 645.83 0.00 645.831.598101491,750.003133EHJA2 0.00 245,000.001143245,000.00 3.100ALLGNC 374.55 0.00 374.553.1001010.0001748DBE5 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:19 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 Current Rate Ending Par Value Ending Fund Page 4 Book Value Beginning Book Value Adjusted Interest Earnings Accretion Amortization/ Earnings Adjusted Interest June 1, 2018 - June 30, 2018 Total Earnings City of La Quinta Annualized YieldCUSIPInvestment # Interest EarnedIssuer Realized Gainl/Loss Fund: General Fund 245,000.001144245,000.00 3.150RCB 232.58 0.00 232.583.1501010.0074934YAH4 0.00 245,000.001145245,000.00 2.750WEX 332.26 0.00 332.262.7501010.0092937CHG6 0.00 245,000.001148245,000.00 3.000TRAD 463.15 0.00 463.153.0001010.0089269CBX9 0.00 245,000.001149245,000.00 3.000PCSB 463.15 0.00 463.153.0001010.0069324MAD7 0.00 126,070,735.02Subtotal 125,864,400.02 1.639 157,779.750.00157,779.75116,656,438.97 0.00 Fund: 1st Empire Securities Cash Bal 70,067.00106070,067.00EMPIRE 225.80 0.00 225.800.846102487,000.00SYS1060 0.00 70,067.00Subtotal 70,067.00 0.846 225.800.00225.80487,000.00 0.00 Fund: Fiscal Agent 3,030.2910583,030.29USBANK 2.65 0.00 2.651.0652313,027.64SYS1058 0.00 3,030.29Subtotal 3,030.29 1.065 2.650.002.653,027.64 0.00 Fund: Housing Authority : WSA and LQ 0.0010610.00WSALQ 0.00 0.00 0.002410.00SYS1061 0.00 232,576.821062232,576.82LQPR 0.00 0.00 0.00241217,471.38SYS1062 0.00 232,576.82Subtotal 232,576.82 0.000.000.00217,471.38 0.00 Fund: SA Low/Mod Bond Fund 23,740,669.95111323,740,669.95 1.854LAIF 37,155.95 0.00 37,155.951.90424923,740,669.9525-33-005 0.00 23,740,669.95Subtotal 23,740,669.95 1.904 37,155.950.0037,155.9523,740,669.95 0.00 150,117,079.08Total 149,910,744.08 1.679 195,164.150.00195,164.15141,104,607.94 0.00 Portfolio CITY CP Run Date: 09/04/2018 - 16:19 TE (PRF_TE) 7.3.6 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Maturity Report Sorted by Maturity Date Amounts due during April 1, 2018 - June 30, 2018 Rate at MaturityPar Value Sec. TypeFund Maturity Date Maturity ProceedsInterest Income Net CUSIP Investment #Issuer Purchase Date Book Value at Maturity 248,000.00 1.000 248,210.63210.6306/09/2015SOATL103683637AAP9MC110104/09/2018 210.63248,000.00 240,000.00 1.350 240,275.18275.1804/25/2014MEDBA102858403BL95MC110104/25/2018 275.18240,000.00 240,000.00 1.350 240,275.18275.1804/30/2014BERKS1004084601AL7MC110104/30/2018 275.18240,000.00 240,000.00 1.350 240,275.18275.1804/30/2014CORNER1012219240AZ1MC110104/30/2018 275.18240,000.00 240,000.00 1.300 240,264.99264.9904/30/2014CRESC1013225645DC1MC110104/30/2018 264.99240,000.00 240,000.00 1.350 240,266.30266.3005/09/2014MRRCK102959012Y6Q5MC110105/09/2018 266.30240,000.00 248,000.00 1.350 249,669.411,669.4106/05/2015COMP101020451PLG9MC110106/05/2018 1,669.41248,000.00 248,000.00 1.100 248,231.69231.6906/05/2015MBFIN102755266CME3MC110106/05/2018 231.69248,000.00 248,000.00 1.200 248,008.168.1606/10/2015MFR1026564759QT8MC110106/11/2018 8.16248,000.00 2,195,476.72Total Maturities 2,192,000.00 3,476.722,192,000.00 3,476.72 Portfolio CITY CP Run Date: 09/04/2018 - 16:50 MA (PRF_MA) 7.1.1 Report Ver. 7.3.6.1 City of La Quinta -City of La Quinta Purchases Report Sorted by Fund - Fund April 1, 2018 - June 30, 2018 Original Par Value Ending Book Value Sec. TypeFund Maturity YTM Accrued Interest at PurchasePayment Periods DateCUSIPInvestment #Issuer Purchase Date Principal Purchased Rate at Purchase General Fund 1,000,000.00 2.375 02/28/2023 999,000.00999,000.00 Received04/02/2018 3.11108/28 - 02/28FHLB11213130ADMF6FAC101 750,000.00 2.750 02/23/2023 746,625.00746,625.00 Received04/02/2018 2.84908/23 - 02/23FHLMC11223134GSCQ6FAC101 245,000.00 2.900 04/11/2023 245,000.00245,000.0004/11/2018 2.90210/11 - 04/11CITINA112317312QJ26MC1101 245,000.00 2.700 10/19/2020 245,000.00245,000.0004/18/2018 2.62305/18 - Monthly1STTCH112433715LBJ8MC1101 240,000.00 2.700 10/26/2021 240,000.00240,000.0004/26/2018 2.70305/26 - MonthlyNORPNT1127666613GV0MC1101 240,000.00 2.950 04/28/2023 240,000.00240,000.0004/30/2018 2.95205/30 - MonthlyENER112529278TAY6MC1101 240,000.00 2.800 04/29/2022 240,000.00240,000.0004/30/2018 2.80205/30 - MonthlyFARMIG112630960QAG2MC1101 240,000.00 2.800 04/30/2021 240,000.00240,000.0004/30/2018 2.80010/30 - 04/30TOWNE112889214PBL2MC1101 500,000.00 1.125 04/15/2019 495,250.00495,250.00 Received05/10/2018 2.16110/15 - 04/15FHLMC11293137EADZ9FAC101 1,000,000.00 1.500 05/31/2019 992,600.00992,600.00 Received05/10/2018 2.21105/31 - 11/30USTR1130912828WL0TRC101 500,000.00 1.250 11/30/2018 498,000.00498,000.00 Received05/10/2018 1.97405/31 - 11/30USTR1131912828A34TRC101 240,000.00 3.050 05/15/2023 240,000.00240,000.0005/14/2018 3.05206/01 - MonthlyUOFICU113491435LAG2MC1101 245,000.00 2.050 03/01/2019 245,000.00245,000.0005/15/2018 2.05706/15 - MonthlyMETASF113359101LDR5MC1101 240,000.00 2.200 05/16/2019 240,000.00240,000.0005/16/2018 2.20005/16 - At MaturityUNION113690521AQW1MC1101 240,000.00 2.200 05/24/2019 240,000.00240,000.0005/24/2018 2.20005/24 - At MaturityCNBF113217801DDT0MC1101 245,000.00 2.050 02/25/2019 245,000.00245,000.0005/25/2018 2.05002/25 - At MaturityNYCMBK1137649447RL5MC1101 500,000.00 1.210 06/20/2019 494,750.00494,750.00 Received05/31/2018 2.22406/20 - 12/20FFCB11413133EGFU4FAC101 500,000.00 1.550 05/08/2020 491,750.00491,750.00 Received05/31/2018 2.42711/08 - 05/08FFCB11423133EHJA2FAC101 500,000.00 1.750 09/12/2019 496,700.00496,700.00 Received05/31/2018 2.27509/12 - 03/12FNMA11393135G0ZG1FAC101 500,000.00 0.875 08/02/2019 492,000.00492,000.00 Received05/31/2018 2.26908/02 - 02/02FNMA11403135G0N33FAC101 500,000.00 1.125 04/30/2020 488,250.00488,250.00 Received05/31/2018 2.38710/31 - 04/30USTR1138912828VA5TRC101 245,000.00 3.000 06/08/2022 245,000.00245,000.0006/08/2018 3.00207/08 - MonthlyPCSB114969324MAD7MC1101 245,000.00 3.000 08/08/2022 245,000.00245,000.0006/08/2018 3.00307/08 - MonthlyTRAD114889269CBX9MC1101 245,000.00 3.100 06/13/2022 245,000.00245,000.0006/13/2018 3.10212/13 - 06/13ALLGNC114301748DBE5MC1101 245,000.00 2.750 06/15/2020 245,000.00245,000.0006/13/2018 2.75412/13 - 06/13WEX114592937CHG6MC1101 245,000.00 3.150 06/20/2023 245,000.00245,000.0006/20/2018 3.15207/20 - MonthlyRCB114474934YAH4MC1101 Subtotal 10,079,925.0010,079,925.00 0.0010,135,000.00 10,079,925.00Total Purchases 10,135,000.00 0.00 10,079,925.00 Received = Accrued Interest at Purchase was received by report ending date. Portfolio CITY CP Run Date: 09/04/2018 - 16:35 PU (PRF_PU) 7.1.1 Report Ver. 7.3.6.1 US Treasury Rates https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldYear&year=2018 Commercial Paper Rates https://www.federalreserve.gov/releases/cp/rates.htm City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2018/19 FIRST QUARTER BUDGET REPORT RECOMMENDATION Receive and file fiscal year 2018/19 First Quarter Budget Report. EXECUTIVE SUMMARY •The 2018/19 First Quarter Budget Report (Attachment 1) provides an update of the City’s fiscal activities from July to September 2018. •A budget report is prepared quarterly to assess the adopted budget and incorporate adjustments based on current economic conditions and operational requirements. FISCAL IMPACT Staff recommends adjustments to three funds as outlined below: BACKGROUND/ANALYSIS Throughout the fiscal year each Department monitors its budget and proposes adjustments to reflect current conditions and ongoing operational needs. Requests are reviewed and discussed before recommending approval in the budget report (Attachment 1). Funds with no adjustments from the originally presented 2018/19 Budget have been excluded from the report. ALTERNTIVES No alternatives are recommended, the City Council approved the report and recommended adjustments on November 6, 2018. Prepared by: Karla Campos, Finance Director Attachment 1: 2018/19 First Quarter Budget Report BUSINESS SESSION ITEM NO. 2 Fund Revenues Expenses General Fund Unassigned Reserves (101)- 295,000 Lighting and Landscape Fund (215)- 200,000 Information Technology (502)295,000 494,900 2018/19 First Quarter Adjustment Requests 2018/19 First Quarter Budget Report The annual budget is a living document, which allows for flexibility and adjustments to accommodate current business needs. Quarterly budget reports are presented to provide ongoing oversight of public funds, relate currently and upcoming activities, and request funding adjustments (Exhibit 1). All funds are evaluated on a quarterly basis; however, this report summarizes activities not organically anticipated during budget adoption. REVENUES No revenue adjustments are proposed in the first quarter of 2018/19. However, the recent South Dakota v. Wayfair, Inc. superior court decision is anticipated to correct the under collection of sales tax revenue from online retailers. The challenge will be to come up with a collection and remittance system that is not overly burdensome for both retailers and customers. A uniform reform led by congressional action may be required. At this time, it is prudent to postpone any revenue-increase projections until related issues are resolved. Staff is monitoring voter ballot measures, assembly bills, economic conditions, and consumer trends, which may result in revenue adjustments during the mid-year budget report. EXPENSES No expenditure adjustments are requested for the General Fund during the first quarter. However, staff is monitoring costs associated with responding to public records requests, which may result in increased payroll and legal services. CalPERS pension obligations may be paid monthly or as a lump sum in July. The annual payment for the three pension tiers, if made monthly, is $711,900. The City elected to pay this obligation in a lump sum in July 2018 ($686,935), resulting in savings of $24,965. In a proactive effort to manage future pension obligations, current year savings from the lump sum payment are being used to pay off the current PEPRA Tier obligation in full ($22,060). The remaining savings balance ($2,905) combined with $12,448; a portion of the contingency for staffing funding; will pay off the Tier 2 pension obligation ($15,353). Paying off these two pension tiers today will result in future interest savings estimated at $14,277. A summary of all pension obligations and additional payments is depicted below. The annual financial statements ending June 30, 2018 will be finalized during the second quarter. Staff will present options for establishing a pension trust to offset all future pension obligations. The classic tier represents the largest pension obligation ($12,011,222) and will be partially funded with the $2,000,000 reserve allocation. As of June 30, 2018 Classic Tier 2 PEPRA TOTAL Pension Liability 12,011,222 15,353 22,060 12,048,635 Savings Payment - (2,905) (22,060) (24,965) Additional Payment - (12,448) - (12,448) New Current Liability 12,011,222 - - 12,011,222 Each year revenues and expenses are tracked by fund and reported in the annual financial statements. Savings (an increase in fund balance) occurs when revenues exceed expenses. These savings remain in the individual funds for future budgetary needs and may be allocated with City Council approval. Funds may retain some degree of savings, which allow funding for revenue shortfall or unanticipated expenses such as those presented below. The Facilities Department is requesting $200,000 of prior year savings from the Lighting & Landscape District (LLD) Fund. The LLD Fund currently has a fund balance of $454,100. These funds will be used for median landscape improvements on Eisenhower Drive; turf removal from the Bear Creek Trail entrance on Calle Tampico; and turf removal along Moon River Drive and Avenue 50. These areas will be combined into one project and bid according to the City purchasing policy. Information Technology (IT) is a strategic tool and backbone of safe roads, synchronized street lights, a key tool in public safety, engaging residents, providing government services, online access, and mobile device applications. It is crucial for the City to ensure our systems are running efficiently, effectively, and securely to support the evolving needs of the organization. During the first quarter, a comprehensive assessment of citywide technology infrastructure was performed. This revealed the need for immediate attention to several out-of-date systems. A summary of these technology upgrades is noted below. Staff requests a one-time allocation of $295,000 from General Fund Unassigned Reserves and the use of $200,000 of prior savings within the IT Fund to increase the 2018/19 Information Technology budget by a total of $495,000. This one-time allocation would allow staff to implement comprehensive solutions and provide savings through bundled service options. A similar technological investment was made in 2013/14 when $775,000 was appropriated for enhancements which included a new financial system, community development and city records software, upgraded computers, and increased storage capacity. A five-year plan has been developed which supports ongoing system upgrades based on known needs. City staff will continue to explore cost-effective alternatives and best practices as system upgrades are performed. 2018/19 2019/20 2020/21 2021/22 2022/23 Firewall, Wireless Access Points, Servers, Disaster Recovery 139,500$ 92,500$ 98,500$ 98,500$ Phone System 110,000 70,000 Citywide Traffic Control and Asset Management Systems 226,900 7,500 7,500 7,500 7,500 Laserfische Server upgrade to 5TB*18,500 20,500 20,500 20,500 20,500 Computer Upgrades 25,000 25,000 25,000 25,000 TOTAL 494,900$ 145,500$ 53,000$ 221,500$ 151,500$ * Upgrade to 10TB after year one. City of La Quinta FY 2018-19 Recommended First Quarter Budget Adjustments Exhibit 1 Account No. Description Revenues Expenses 101-1007-99900 Transfers Out (from Reserves)295,000 Account No. Description Revenues Expenses 215-7004-60431 Materials/Supplies 200,000 Account No. Description Revenues Expenses 502-0000-49500 Transfers In (from General Fund)295,000 502-0000-60108 Technical 139,500 502-0000-61300 Telephones 110,000 502-0000-71042 Software Enhancements D & D 226,900 502-0000-71047 Software Enhancements, City Clerk 18,500 Total Fund 502 295,000 494,900 TOTAL ALL FUNDS 295,000 989,900 LIGHTING & LANDSCAPE FUND (Fund 215) INFORMATION TECHNOLOGY FUND (Fund 502) GENERAL FUND (Fund 101) City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING: November 14, 2018 STAFF REPORT AGENDA TITLE: APPOINT TWO COMMISSIONERS TO FORMULATE AND APPROVE THE ANNUAL MEASURE G SALES TAX OVERSIGHT COMPLIANCE REPORT RECOMMENDATION Appoint two Finance Advisory Commissioners to formulate, review, and approve and annual Measure G Compliance Report. EXECUTIVE SUMMARY •Measure G, the one percent (1%) Transactions and Use Tax measure was approved by voters at the November 8, 2016 General Election and subsequently adopted by resolution on December 20, 2016 with an effective date of April 1, 2017. Additional funds are subject to citizen oversight. •Staff recommends the Financial Advisory Commission (FAC) appoint the two Commissioners to serve on the sub-committee to verify revenue and expenses associated with Measure G funds. •The sub-committee shall prepare a report and present their findings to City Council on December 18, 2018. BACKGROUND/ANALYSIS The Measure was approved on November 8, 2016 and adopted by resolution on December 20, 2016 with an effective date of April 1, 2017. Additional funds generated by the Measure are subject to citizen oversight. The verification of revenue and expenses will include the following: 1.A review of payments received during fiscal year 2017/18 2.A review of approved uses of funds for capital projects, reserves, and contract services 3.A review of proposed future uses 4.A review of current funds available for appropriation Starting in June 2016, Measure G funds have been received on a monthly basis. City staff recommends appointing two Commissioners on the sub- BUSINESS SESSION ITEM NO. 3 committee. Staff and the sub-committee shall present its report to the City Council on December 18, 2018. ALTERNATIVES Select up to three Commissioners to the sub-committee. Prepared by: Karla Campos, Finance Director City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING DEPARTMENT REPORT TO: Financial Advisory Commissioners FROM: Rosemary Hallick, Financial Services Analyst DATE: November 14, 2018 SUBJECT: SECOND QUARTER 2018 (APRIL – JUNE 2018) SALES TAX UPDATE FOR THE CITY OF LA QUINTA The State has evaluated overall operations of the Board of Equalization (BOE), which resulted in the establishment of the California Department of Tax and Fee Administration (now handles most taxes and fees formerly collected by the BOE) in July 2017, and the implementation of a new automated system for tax reporting in May 2018. Due to the significance of the changes, the administration has fallen behind; in light of this, the State has issued guidance regarding the backlog of processing tax returns, stating that they hope to resolve the current backlog over the next several months. The attached report was prepared by sales tax consultants HdL Companies as an update of sales tax receipts for second quarter sales from April to June 2018, and includes their estimates of any pending amounts. Sales Tax Update •Sales by major business groups were mixed in comparison to the second quarter of 2017, with the food/drugs and business/industry segments generally flat; fuel/service stations, autos/transportation, and county/state pools up; and general consumer goods, restaurants/hotels, and building/construction down. However, these numbers are subject to the reporting concerns noted above and may not reflect the true state of each industry segment. •The City’s sales-per-capita was higher than both the county and state averages, which has consistently been the case for all first, second and fourth quarters. •General consumer goods (such as department stores) and restaurants/hotels made up 55% of sales tax revenue during this quarter, based on the unadjusted numbers. DEPARTMENTAL REPORT NO. 2 •La Quinta’s overall adjusted sales tax receipts increased 3.9%, which compares to Riverside County at 3.0% and Southern California at 1.0%. Measure G Update •Measure G transaction taxes continue to come in above our conservative estimates, with final year-end revenue for fiscal 2017-18 coming in almost 4% above budget. •General consumer goods (such as department stores) and restaurants/hotels made up 55% of transaction tax revenue during this quarter, a similar share to sales taxes. •The autos and transportation sector made up 17% of transaction tax revenue as opposed to only 11% of sales tax revenue. •Our top 25 transactions tax producers predominately consisted of businesses located in La Quinta, however there were several businesses located outside of City limits that made the top 25. The City continuously monitors local development, economic conditions, impacts on travel and trade, and legislative and judicial news for any potential changes to sales tax collections. City staff will continue to monitor Measure G activity, as well as the projections provided by our consulting partners, to establish baselines for future budgeting purposes. Attachment 1: City of La Quinta Sales Tax Update Sales Tax Update In Brief Top 25 producers In AlphAbetIcAl Order www.hdlcompanies.com | 888.861.0220 Q22018 La Quinta La Quinta’s receipts from April through June were 8.5% below the second sales period in 2017, large- ly due to ongoing problems with the State’s new sales tax report- ing system caused approximately $382,000 to go unpaid. However, it appears that most of the amounts missing from last quarter have been recovered. When receipts are ad- justed for the missing amounts and other reporting issues, actual re- ceipts were up 3.9%.Nearly every major business groups’ results were negatively af- fected by the missing payments and the restaurant group was affected the most with $192,000 in missing receipts. The general consumer goods group had the second highest im- pact with an estimated $90,500 missing. The City can expect its future allo- cations from the countywide use tax pool to be unpredictable until the re- porting issues are resolved.Measure G reported $2,131,942 in receipts or 3.3% more than a year ago. These results do not reflect the fact that nearly $343,000 in receipts were not paid to the city.Net of adjustments, taxable sales for all of Riverside County grew 3.0% over the comparable time pe- riod while those of the entire South- ern California region were up 1.0%. City of La Quinta Third Quarter Receipts for Second Quarter Sales (April - June 2018) Published by HdL Companies in Fall 2018 Arco AM PM Bed Bath & Beyond Best Buy Chevrolet Cadillac Of La Quinta Circle K Cliffhouse Costco G & M Oil Home Depot Hyundai of La Quinta Kohls Lowes Marshalls Red Robin Stein Mart Stuft Pizza Bar & Grill T Mobile Target TJ Maxx Torre Nissan Tower Mart Trader Joes Verizon Wireless Vons Walmart Supercenter $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 SALES TAX BY MAJOR BUSINESS GROUP 2nd Quarter 2017 2nd Quarter 2018 General Consumer Goods Restaurants and Hotels County and State Pools Autos and Transportation Building and Construction Fuel and Service Stations Food and Drugs Business and Industry $8,718,956 $8,672,549 4,379 4,717 1,001,576 921,214 $7,713,001 $7,746,617 2017-182016-17 Point-of-Sale County Pool State Pool Gross Receipts REVENUE COMPARISON Four Quarters – Fiscal Year To Date (Q3 to Q2) Measure G $2,073,394 $9,421,040 ATTACHMENT 1 NOTESSales Tax UpdateQ2 2018 City of La Quinta $0 $2,000 $4,000 $6,000 $8,000 SALES PER CAPITA La Quinta Q2 15 Q2 18 Q2 16 Q2 17 County California 40% Cons.Goods 15% Restaurants 12% Pools 11% Autos/Trans. 8% Building 7% Fuel 5% Food/Drug Bus./Ind. La Quinta This QuarterREVENUE BY BUSINESS GROUP 2% Q2 '18* La Quinta LA QUINTA TOP 15 BUSINESS TYPES Business Type Change Change Change County HdL State*In thousands of dollars -27.6%-23.2%-19.1% 151.7 Building Materials — CONFIDENTIAL — -8.6%-12.7%-13.1% 140.0 Casual Dining -1.1%12.7%-0.1% 53.4 Department Stores — CONFIDENTIAL — -7.2%-13.5%-16.1% 427.6 Discount Dept Stores — CONFIDENTIAL — 16.3%-5.1%-0.8% 116.5 Electronics/Appliance Stores -32.6%-27.2%-22.2% 39.6 Family Apparel -16.2%-3.5%-4.6% 27.6 Fast-Casual Restaurants -10.9%-3.5%3.7% 36.3 Fine Dining 6.1%-7.0%2.3% 67.3 Grocery Stores -22.2%-21.6%-17.8% 36.9 Home Furnishings -29.9%-3.6%5.2% 32.0 Leisure/Entertainment 13.0%-2.0%-6.8% 193.1 New Motor Vehicle Dealers — CONFIDENTIAL — -28.8%-6.0%-4.1% 45.9 Quick-Service Restaurants 42.8%-26.6%-13.3% 139.0 Service Stations -0.9%-4.5%4.9% 56.5 Specialty Stores -12.2%-13.3%-11.8% 25.6% -8.5% 1,713.2 237.4 1,950.6 Total All Accounts County & State Pool Allocation Gross Receipts 23.4% 5.5% -10.1% -10.1% California Overall Local Government cash receipts from April through June sales dropped 10.1% from the same quarter one year ago due to implementation issues with CDFTA’s new tax reporting software system. The results were further skewed by the State’s attempt to offset the resulting shortages by advancing tax revenues that it estimates will be generated next quarter. After reviewing unprocessed returns and approximating the full amounts of partial payments, HdL estimates that once all returns are properly processed and the data adjusted to reflect actual quarter receipts, statewide local sales and use tax revenues will be 1.6% higher than second quarter 2017. Sales of building and construction materials, jet fuel and online shop- ping appear to have been the primary drivers of statewide growth during the second quarter. Auto sales leveled off as previously anticipated, although receipts from auto leases continued to show substantial gains. Online fulfillment centers and value themed apparel stores were the primary gainers within the general consumer goods group. Business-industrial purchases were slightly lower than previous quarters with declines in new energy projects being a major factor. Regionally, the San Francisco Bay area and the Sacramento and San Joaquin Valley areas outperformed the rest of the state. Tariff Policies and Sales Tax Tariffs are becoming a key element of the federal government’s international trade strategy with additional duties of 10% announced for the end of the third quarter, rising to 25% by the end of 2018. Despite the current debates, analysts be- lieve that the impact on prices and sales will be minimal through the remainder of 2018-19 as most major retailers have already imported their inventory for the holiday season and are attempting to rush spring inventories through customs ahead of the new 5% rates. Many man- ufacturers have managed to avoid rais- ing prices by absorbing the costs of the initial first round of tariffs on metals, machinery and components. On the down side, small retailers without the power to lock in prices may be placed at a competitive disadvantage and contrac- tors are beginning to require escalation clauses in contracts to cover potential cost increases on long range projects. The key concern for analysts project- ing 2019-20 tax revenues will be how the federal government refines its trade policies and the impact on sales and use tax revenues. Although higher prices generate more sales tax from individual purchases, they also potentially reduce the number of purchases, particularly in an environment where rising housing, education and health care costs compete for a significant portion of discretionary income. Proponents of rising tariffs argue that the rising strength of the U.S. dollar will offset the impact of tariff related price increases on consumers. Opponents worry that the stronger dollar and the announced $5.6 billion in retaliatory tariffs on California exports will neg- atively impact both the affected com- panies’ job base and capital investment in supplies, equipment and expansion opportunities. POWER POINTS FAC MEETING August 8, 2018 11/14/2018 1 Financial Advisory Commission Meeting 11/14/2018 11/14/2018 2 Timeline •November 19, 2014- Original agreement executed •October 20, 2015- Amendment No. 1 approved •Fall 2016- Site Development Permits approved •March 2, 2017- Montage announced as operator •April 18,2017- Amendment No. 2 approved •Fall 2017- Golf realignment and Phase 1A land transfer •October 31, 2018- Executed construction loan 11/14/2018 3 Amendment No. 3 •Effective concurrently or after SDC loan closing •Escrow requirement to pay claims from golf realignment •Adverse Economic Event interest rate trigger removed •Temporary Clubhouse re-defined •Phasing plan Master Site Infrastructure •Ownership Structure exhibit added •Guaranty to City 100% completion of MSI 11/14/2018 4 Financing Plan Debt Financing •$212 million Construction Financing with Mosaic Equity •$12 million currently in project •$10 million by January 2019 •$55 million summer 2019 RGC controlled •Balance- land sales or additional capital raise Fiscal Impact Revenue/Savings (near term) •Developer Impact Fee (DIF) revenue: $6.5 million •Value Added/Land Sale: $3.2 million •$.5 million annual savings (golf operations, dust control, and maintenance) 11/14/2018 5 Fiscal Impact Employment •1,750 temporary construction jobs •465 full time permanent operations jobs $19 million in annual employment opportunities Fiscal Impact New Net City Revenues (within 10 years) •$.5 million annual property tax revenue •$.5 million annual sales tax •$1.5 million annual net TOT revenue 11/14/2018 6 Financial Advisory Commission 11/14/2018 Departmental Reports 11/14/2018 7 LQ Academy 1.0 BUDGET VIDEO Background •Team: Carlos, Michael, Beto, Dianne •Objective: Produce a Budget Video 11/14/2018 8 Art in Public Places Park Amenities Fleet Vehicles Highlights City Services •Parks •Events •City Hall •Roadways •Street Maintenance 11/14/2018 9 Filming •Pictures & Video •Locations •Collaboration •Editing Final Product Community Workshop Saturday January 12, 2019 11/14/2018 10 Financial Advisory Commission 11/14/2018 B1 - Receive and File Fourth Quarter 2017/18 Treasury Reports for April, May, and June 2018 with Fiscal Year-End Summary Portfolio Summary 11/14/2018 11 Custodial Arrangements $$$ Investment decisions communicated to broker/dealer Clearing Agreement for record keeping, execution and settlement of trades, custody of balances Year‐End Comparison: Holdings As of June 30, 2017 As of June 30,2018 Investment Type PAR Value Percent of Total PAR Value Percent of Total Local Agency Investment Fund (LAIF) $ 62,319,416 45% $ 49,383,067 33% Federal Agency Coupons $ 11,500,000 8% $ 21,750,000 14% Treasury Coupons $ 16,500,000 12% $ 18,000,000 12% Certificates of Deposit (CD's) $ 10,930,000 8% $ 16,741,000 11% Corporate Notes $ 2,500,000 2% $ 3,500,000 2% Bank Accounts $ 10,284,883 7% $ 15,478,033 10% Money Markets with Fiscal Agent $ 25,578,764 18% $ 3,030 0% LAIF -Housing Authority $ - $ 23,740,670 16% OPEB Trust $ - $ 1,521,278 1% Total $ 139,613,063 100%$ 150,117,079 100% 11/14/2018 12 Fiscal Year Comparison: Earnings Fiscal Year 2016-17 Fiscal Year 2017-18 Variance Total Earnings 963,022$ 1,730,509$ 767,488$ Effective Rate of Return 0.77% 1.31%+54 bps Treasury Rates 11/14/2018 13 Leading Economic Index Upcoming in 2018/19 •Banking Services –RFP currently out –Selection process October/November •CAMP Account –Approved on 8/7/2018 –Account opened •Pension Trust –Approved as part of Reserves Policy on 5/15/2018 –Will establish account at mid‐year 11/14/2018 14 FINANCIAL ADVISORY COMMISSION November 14, 2018 B2 – Fiscal Year 2018/19 First Quarter Budget Report Overall Update •Revenues are stable •Expenses are within budget •Pension obligations are being reduced As of June 30, 2018 Classic Tier 2 PEPRA TOTAL Pension Liability 12,011,222 15,353 22,060 12,048,635 Savings Payment - (2,905) (22,060) (24,965) Additional Payment - (12,448) - (12,448) New Current Liability 12,011,222 - - 12,011,222 11/14/2018 15 Provide funding for one‐time expenses Landscape improvements $200,000 Technology upgrades $494,900 Allocate reserves from three funds Lighting & Landscape Fund $200,000 General Fund $295,000 Information Technology Fund $200,000 First Quarter Budget Adjustments Financial Advisory Commission Next Regular Quarterly Meeting is on February 13, 2018 11/14/2018 16