Loading...
Item 21 - City's Investment Report AGENDA REPORT SUMMARY - ~ - fO: Honorable Mayor and Members of the City Council FROM: James l. Bowersox, City Man~ ~ INITIATED BY: John D. Fitch, Assistant City Managen?\l{ Peggy A. Stewart, Director of Administrative Service~ Christine Tsung, Finance Manager~ ~ DATE: June 27, 1995 SUBJECT: City's Investment Report ABSTRACT Monthly reports of investments are required to be presented to Council. For your information, attached is an investment portfolio listing as of May 31, 1995. ENVIRONMENTAL REVIEW - Environmental review is not required for this agenda item according to CEQA guidelines. FISCAL IMPACT The investment portfolio earned $363,812.31 interest during May 1995. ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE None RECOMMENDATION It is recommended that the City Council accept and file the attached reports. ACTION - b- 1 of 10 JUN 2 7 1995 ITEM 21 --- ~--_._------ - AGENDA REPOR"" CITY OF POW A Y This report is included on the Consent Calendar. There will be no separate discussion of the report prior to approval by the City Council unless members of the Council. staff or public request it to be removed from the Consent Calender and discussed separate!y. If you wtIh to have this report pulled for discussion, please till out a slip indicating the report number and give it to the City Clerk prtar to the beginning of the City Council meeting. TO: Honorable Mayor and Members~e City Council FROM: James L. Bowersox, City Man INITIATED BY: John D. Fitch, Assistant City Manage~?\ Peggy A. Stewart, Director of Administrative Services Christine Tsung, Finance Manager ~ DATE: June 27, 1995 SUBJECT: City's Investment Reoort BACKGROUND Government Code Sec. 53646(b) requires the treasurer or chief fiscal officers to make a monthly report that includes the type of investment, institution, date of maturity, amount of deposit, current market value of all maturities that exceed 12 months, and interest rate. FINDINGS The book value of the investment portfolio as of May 31, 1995 was $73,176,210 which consists of the City's general operating reserves which qualify for investment reporting purposes. Also added to this report is a detailed schedule of the City's and Redevelopment Agency's bond proceeds held for payment of infrastructure purposes. It represents a book value of $43,460,725. The general operating reserves investment portfolio consisted of Time Certificates of Deposits (TCDs) which totaled $2,667,000, Government National Mortgage Association Certificates (GNMAs) which were booked at $971,410, U.S. Treasury Notes purchased for $12,416,172, Federal Home Loan Mortgage Corporation Certificates which were booked at $116,269, medium-term Corporate Notes which were booked at $2,464,015, Federal Agency issues of $1,000,000, U.S. Government Securities which are booked at $7,099,529, a commercial paper purchase for $962,322, deposits at the Local Agency Investment Fund (LAIF) of $22,341,577, and $23,137,916 invested through the San Diego County Investment Pool. Excluding interest, the market value of the County Pool increased 1.58% and is estimated at $21,709,281 at May 31, 1995. A recap of the San Diego County Pool's Investment Portfolio as of May 31, 1995 is attached. ACTION: 2 of 10 )) JUN 27 1995 HEM 21 - - Agenda Report June 27, 1995 Page 2 The values of fixed income securities, as legal investment tools authorized under California government codes, are closely tied with interest rates. As interest rates go up, the market values of the securities go down. The difference between book (purchase) price and current market price is considered an unrealized loss (or gain, if the market price is higher). A real (realized) loss is when the principal of the security is redeemed before its maturity date at a market value lower than its book value. The book value of the City's operating investment portfolio is $73,176,210; the market value adjusted for the San Diego County Pool funds is $71,895,936 for a "paper loss" of $1,280,274, or 1.75% of the total. The book value of the City's bond proceeds is $43,460,725; the market value adjusted for the San Diego County Pool funds is $41,022,379. The City does not anticipate redeeming any of the securities prior to their maturity date, so no real losses will be realized. The funds on deposit at LAIF and the San Diego County Investment Pool earn variable interest rates. The interest rate for the month ending May 1995 is estimated at 6.009% for LAIF, and 4.69% for the County Investment Pool. The TCDs are at 14 different financial institutions throughout the state. The certificates are placed in $100,000 increments with the amounts in excess of the first $100,000 collateralized as outlined by state law using either mortgages or federal government securities. ENVIRONMENTAL REVIEW Environmental review is not required for this agenda item according to CEQA guidelines. FISCAL IMPACT The investment portfolio earned $363,812.31 interest during May 1995. ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE None RECOMMENDATION It is recommended that the City Council accept and file the attached reports. Attachments: A. Investment Report (Including the new computer report which lists all the investments for the City. It is summarized by type of investment and lists market value and maturity dates for all investments including those with maturity dates in excess of 12 months.) B. A schedule detailing the investments for the bond issues managed by the City. C. San Diego County Pool's Investment Portfolio as of May 31, 1995. 3 of 10 JUN 27 1995 ITEM 21 ---- 06/06/1995 PM . 1 CITY OF POWAY POWA PORTFOLIO MASTER SUMMARY MAY 31, 1995 AVERAGE .--YIELO TO MATURITY.-- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS BOOK VALUE PORTFOLIO TERM MA TUR I TY EQUIVALENT EQUIVALENT Local Agency Investment Funds................$ 45,479,493.34 62.15 1 1 5.265 5.338 Certificates of Deposit......................S 2,667,000.00 3.64 1,383 608 6.613 6.705 Mortgage Backed Securities...................S 1,087,679.34 1.49 10,456 7,462 8.141 8.254 Treasury Securities - Coupon.................S 12,416,171.93 16.97 1,367 1,024 6.765 6.859 MecHI.III Term Notes............................S 2,464,015.00 3.37 1,769 844 7.307 7.408 Federal Agency Issues - Coupon...............S 1,000,000.00 1.37 1,096 860 7.111 7.210 Comnercial Paper - DiscOlM"lt..................S 962,321.67 1.32 222 134 6.313 6.401 MisceLleneous Securities - Coupon............S 7,099,529.20 9.70 946 188 6.543 6.634 .-------------------------------...-------------------.----------------- TOTAL INVESTMENTS and AVERAGES...............S 73,176,210.48 100.00" 608 368 5.843" S.924" ============z=========================================================== CASH Passbook/Checking Accounts...................S 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................S 110,858.23 -........----..........----------..-....-------------------_...-----.... TOTAL CASH...................................S 110,858.23 =========~.~=.========================================================== TOTAL CASH and INVESTMENTS...................S 73,287,068.71 ======..================================================================ '"' (J1?mftrrJ ,,_.-7'. ...L:l:.: ~._h.,' -t The City shall invest in only those investments authorized by the State of PEGGY STEWART CHRISTINE TSUNG California under Government Code Sections 53601.1, 53602 and 53635. I nves tments shall be mede ush'lg the prudent InI!In theory with consideration given to the "J? / ?S- following items in order of priority; 1. Safety; 2. Liquidity; 3. Yield. DATE / ,I ATI'ACHMENT A 4 of 10 JUN 2 7 1995 I1i:M 21 ~-,- 06/06/1995 CITY OF POWAY PM . 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS POWA MAY 31, 1995 STMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOI( VALUE FACE VALUE MARKET VALUE RATE 360 36S DATE TO MAT .-.....---..---........-....----------........----..........------------....-.................----.--.--------.----.-------------- LOCAL AGENCY INVESTMENT FUNDS 040001 lAIF CITY OF POWAY 12,601,700.33 12,601,700.33 12,601,700.33 6.009 5.927 6.009 1 040002 LAIF REDEVELOPMENT AGENCY 9,739,876.93 9,739,876.93 9,739,876.93 6.009 5.927 6.009 1 040004 SO CNTY INVST POOL 23,137,916.08 23,137,916.08 23,137,916.08* 4.690 4.626 4.690 1 SUBTOTALS and AVERAGES 45.479,493.34 45,479,493.34 45.479,493.34 5.265 5.338 1 CERTIFICATES OF DEPOSIT 010947 EAST'WEST FEDERAL BANK 09/07/94 99.000.00 99,000.00 99,000.00 6.830 6.830 6.925 09/07/99 1,561 010948 EAST-WEST FEDERAL BANK 09/07194 99,000.00 99,000.00 99,000.00 6.830 6.830 6.925 09/07/99 1,561 010928 FIRST INTERSTATE -SACRAMENTO 03/04192 99,000.00 99,000.00 99,000.00 6.300 6.300 6.388 03/04/96 279 010929 FIRST INTERSTATE 'SACRAMENTO 03/04/92 99,000.00 99,000.00 99,000.00 6.300 6.300 6.388 03/04/96 279 010951 FIRST NATIONAL BANK OF MARIN 02/02/95 99,000.00 99,000.00 99,000.00 7.150 7.150 7.249 01/29/96 244 010952 FIRST NATIONAL BANK OF MARIN 02/02/95 99,000.00 99,000.00 99,000.00 7.150 7.1S0 7.24901/29/96 244 010933 FREMONT INVESTMENT &LOAN 03/27/92 99,000.00 99,000.00 99,000.00 7.210 7.210 7.310 03/27/97 667 010934 FREMONT INVESTMENT &LOAN 03/31192 99,000.00 99,000.00 99,000.00 7.060 7.060 7.158 03/31/97 671 010926 FRANKLIN BANK 02/21/92 99,000.00 99,000.00 99,000.00 6.450 6.450 6.540 02/21/96 267 010927 FRANKLIN BANK 02/21/92 99,000.00 99,000.00 99,000.00 6.450 6.450 6.540 02/21/96 267 010939 FRANKLIN THRIFT & LOAN 07/07/92 94,000.00 94,000.00 94,000.00 6.500 6.500 6.590 07/07197 769 010940 FRANKLIN THRIFT & LOAN 07/07192 94,000.00 94,000.00 94,000.00 6.500 6.500 6.590 07107197 769 010930 FIRST REPUBLIC THRIFT 03/10/92 99,000.00 99,000.00 99,000.00 6.500 6.500 6.590 03/11/96 286 010949 GREAT WESTERN BANK 02/01/95 99,000.00 99,000.00 99,000.00 6.500 6.500 6.590 09/29/95 122 010950 GREAT WESTERN BANK 02/01/95 99,000.00 99,000.00 99,000.00 6.500 6.500 6.590 09/29/95 122 010953 IMPERIAL BANK 03/15/95 99,000.00 99,000.00 99,000.00 6.650 6.650 6.742 09/15/95 108 010954 IMPERIAL BANK 03/15/95 99,000.00 99,000.00 99.000.00 6.650 6.650 6.742 09/15/95 108 J>.<tJ943 IMPERIAL THRIFT 08/17/92 99,000.00 99,000.00 99,000.00 6.250 6.250 6.337 08/18/97 811 ~44 IMPERIAL THRIFT 08/17192 99,000.00 99,000.00 99,000.00 6.250 6.2S0 6.337 08/18/97 811 010931 RIVER CITY BANK 03/20/92 100,000.00 100,000.00 100,000.00 7.300 7.300 7.401 03/20/97 660 010932 RIVER CITY BANK 03120/92 100,000.00 100,000.00 100,000.00 7.300 7.300 7.401 03/20/97 660 010945 SAN DIEGO FIRST BANK 03/30/94 99,000.00 99,000.00 99,000.00 6.200 6.200 6.286 03/30/99 1,400 010946 SAN DIEGO FIRST BANK 03/30/94 99,000.00 99,000.00 99,000.00 6.200 6.200 6.286 03/30/99 1,400 010937 SARATOGA NATIONAL BANK 06/03192 99,000.00 99.000.00 99,000.00 6.500 6.500 6.590 06/03/96 370 010938 SARATOGA NATIONAL BANK 06/03/92 99,000.00 99,000.00 99,000.00 6.500 6.500 6.590 06/03/96 370 010941 TRANS PACIFIC NATIONAL BANK 08/12/92 100,000.00 100,000.00 100,000.00 6.250 6.250 6.337 08/12/97 805 010942 TRANS PACIFIC NATIONAL BANK 08/12/92 100,000.00 100,000.00 100,000.00 6.250 6.250 6.337 08/12/97 805 SUBTOTALS and AVERAGES 2,667,000.00 2,667,000.00 2,667,000.00 6.613 6.70S 608 HORTGAGE BACKED SECURITIES 080001 FED HOME LOAN MTG CORP 09/17/86 28,113.47 29.828.32 29,828.32 8.000 8.784 8.906 0811SI06 4,095 080003 FED HOME LOAN MTG CORP 04/20/87 88,155.29 89,782.60 92,019.08 9.000 9.137 9.264 05/01/16 7,642 081008 GNMA POOL 192832 04/20/87 596,399.12 599,396.10 603,466.00 8.000 7.958 8.069 04/15/17 7,991 081007 GNMA POOL 203379 04/20/87 263,414.93 265,572.71 267,375.95 8.000 8.001 8.112 04/15/17 7,991 081001 GNMA POOL 13057 08/1 1/86 111,596.53 116,246.39 117,807.58 8.000 8.503 8.621 08/15/06 4,095 SUBTOTALS and AVERAGES 1,087,679.34 1,100,826.12 1,110,496.93 8.141 8.254 7,462 *Market value of $21,709,281 - 5 of 10 JUN 2 7 1995 nEM 21 06/06/1995 CITY OF POl/AY PM . 3 INVESTMENT PORTFOLIO DETAILS . INVESTMENTS POl/A MAY 31, 1995 INVESTMENT PURCHASE STATED 'n YrM ... MA TUR I TY ,S NUMBER ISSUER DATE 8001( VALUE FACE VALUE MARKET VALUE RATE 360 36S DATE TO MAT ............--...---...---.-....------.....------------------.--------------------------------------.---------...-------.-.------- TREASURY SECURITIES, COUPON 070001 US TREASURY NOTE 09/25/90 497,968.75 500,000.00 502,500.00 8.500 8.484 8.602 OS/15/95 77 070002 US TREASURY NOTE 04/12/94 488,671.88 500,000.00 497,190.00 5.875 6.323 6.411 03/31/99 1,401 070003 US TREASURY NOTE 04/21/94 483,593.75 500,000.00 497,190.00 5.875 6.S68 6.659 03/31/99 1,401 070004 US TREASURY NOTE 05/06/94 989,218.75 1.000,000.00 1.015,630.00 6.500 6.664 6.756 04/30/99 1,431 070005 US TREASURY NOTE 06/02/94 499,687.50 500,000.00 512,345.00 6.750 6.672 6.765 05/31/99 1.462 070006 US TREASURY NOTE 07/12/94 494,296.88 500,000.00 512,500.00 6.750 6.927 7.024 06/30/99 1,492 070007 US TREASURY NOTE 07/12/94 499,4S3.13 500,000.00 S05,625.00 6.500 6.453 6.543 05/15/97 716 070008 US TREASURY NOTE 08/09/94 499,765.63 500,000.00 514.690.00 6.875 6.792 6.886 07/31/99 1,523 070009 US TREASURY NOTE 08/15/94 498,984.38 500,000.00 506,095.00 6.500 6.485 6.575 OS/lS/97 808 070010 US TREASURY NOTE 08/15/94 498,593.75 500,000.00 514,690.00 6.875 6.847 6.942 07/31/99 1,523 070011 US TREASURY NOTE 08/15/94 498,671.88 500,000.00 506,095.00 6.500 6.5OS 6.S99 08/15/97 808 070012 US TREASURY NOTE 09/09/94 500.156.25 500,000.00 506,095.00 6.500 6.399 6.488 OS/15/97 808 070013 US TREASURY NOTE 09/13/94 498,437.50 500,000.00 506,095.00 6.500 6.528 6.619 OS/1S/97 808 070014 US TREASURY NOTE 09/13/94 496,640.63 500,000.00 515,155.00 6.875 6.940 7.036 08/31/99 1,554 070015 US TREASURY NOTE 09/20/94 497,SOO.00 500,000.00 506,095.00 6.500 6.600 6.692 OS/15/97 808 070016 US TREASURY NOTE 09/20/94 494,921.88 500,000.00 515,155.00 6.875 7.023 7.120 OS/31/99 1,554 070017 US TREASURY NOTE 09/23/94 496,484.38 500,000.00 506,095.00 6.500 6.678 6.771 08/15/97 808 070018 US TREASURY NOTE 09/23/94 493,828.13 500,000.00 515,155.00 6.875 7.075 7.174 08/31/99 1,554 070019 US TREASURY NOTE 09/30/94 992,6S6.25 1,000,000.00 1,012,190.00 6.500 6.692 6.785 OS/15/97 808 070020 US TREASURY NOTE 09/30/94 1,000,000.00 1,000,000.00 1,008,130.00 6.500 6.411 6.500 09/30/96 489 070021 US TREASURY NOTE 11/OS/94 498,828.13 500,000.00 506,720.00 6.875 6.908 7.004 10/31/96 520 070022 US TREASURY NOTE 12/08/94 497,812.50 500,000.00 509,690.00 7.250 7.389 7.491 11/30/96 550 SUBTOTALS and AVERAGES 12,416,171.9312,500,000.0012,691,125.00 6.765 6.859 1,024 MEDlUM TERM NOTES 090032 EF HUTTON GROUP INC 06/17/91 493,63S.00 500,000.00 509,135.00 8.875 9.075 9.201 05/01/96 337 090037 FORD MOTOR CREDIT COMPANY 03/09/94 972,880.00 1,000,000.00 969,870.00 5.625 6.192 6.278 01/15/99 1,326 090035 PHILLIP MORRIS 03/26/92 497,500.00 500,000.00 5OS,29O.00 7.500 7.517 7.622 03/15/97 655 090036 TRAVELERS CORP 05/14/92 500,000.00 500,000.00 506,800.00 7.62S 7.521 7.625 01/15/97 596 SUBTOTALS and AVERAGES 2,464,015.00 2,500,000.00 2,494,095.00 7.307 7.408 844 FEDERAL AGENCY ISSUES - COUPON 061009 FED HOME LOAN MTG CORP 10/06/94 1,000,000.00 1.000,000.00 1,004,690.00 7.210 7.111 7.210 10/06/97 860 COMMERCIAL PAPER - DISCOUNT 050001 GENERAL ELECTRIC CAPITAL CORP. 03/03/95 962,321.67 1,000,000.00 962,321.67 6.349 6.313 6.401 10/11/95 134 MISCELLANEOUS SECURITIES - COUPON 100011 FIDELITY GOVER_NT SECUR FUNO 02/08/94 500,000.00 500.000.00 480,038.95 6.600 6.510 6.600 02/08/96 254 100012 FIDELITY GOVERNMENT SECUR FUND 02/09/94 1,000,000.00 1,000,000.00 958,211.86 6.587 6.497 6.587 02/09/96 255 100013 FIDELITY GOVERNMENT SECUR FUND 02/11/94 1,000,000.00 1,000,000.00 958,211.86 6.587 6.497 6.587 02/11/96 257 100014 FIDELITY GOVERNMENT SECUR FUND 02/22/94 500,000.00 500,000.00 484,759.09 6.665 6.574 6.665 02/22/96 268 100015 FIDELITY GOVERNMENT SECUR FUND 02/23/94 500,000.00 500,000.00 486,193.30 6.684 6.592 6.684 02/23/96 269 6 of 10 JUN 2 7 1995 naJJ 21 - - 06/06/1995 cln OF POWAY PM . 4 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS PCIlIA MAY 31, 1995 ..dESTMENT PURCHASE SlATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOI( VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ......----------.......-----------....---------.--------.----..--.-...............-------.......------.......-----...----.....---- MISCELLANEOUS SECURITIES - COUPON 100002 US GOVERNMENT FUND 10/30/87 699,529.20 699.529.20 746,951.09 8.000 7.890 8.000 10/30/95 153 100003 US GOVERNMENT FUND 07122193 SOO,OOO.OO 500,000.00 489,036.81 6.500 6.411 6.500 07122195 53 100004 US GOVERNMENT FUND 08/13/93 200,000.00 200,000.00 193,643.41 6.500 6.411 6.500 08/13/95 75 100005 US GOVERNMENT FUNO 08124/93 250,000.00 250,000.00 241,306.03 6.500 6.411 6.500 08/24/95 86 100006 US GOVERNMENT FUND 09110/93 300,000.00 300,000.00 287,S67.15 6.200 6.115 6.200 09/10/95 103 100007 US GOVERNMENT FUNO 09128/93 500,000.00 500,000.00 480,384.61 6.250 6.164 6.250 09128/95 121 100008 US GOVERNMENT FUND 10/08/93 400,000.00 400,000.00 384,012.29 6.230 6.145 6.230 10/08/95 131 100009 US GOVERNMENT FUND 10/12/93 400,000.00 400,000.00 384,307.70 6.230 6.145 6.230 10/12/95 135 100010 US GOVERNMENT FUND 11/12193 350,000.00 350,000.00 340,724.86 6.310 6.224 6.310 11/12/95 166 SUBTOTALS and AVERAGES 7,099,529.20 7,099,529.20 6,915,349.01 6.543 6.634 188 ----------------------.--------------------------....-........-----------....------ TOTAL INVESTMENTS and AVERAGES S 73,176.210.48 73,346,848.66 73,324,570.95* 5.843X S.924X 368 :c==============c=..======================================....================== *Market value adjusted for San Diego C01.mty Pool funds $71,895,936 7 of 10 JUN 27 1995 IlEM 21 06/06/1995 PM . 5 CITY OF POWAY POWA ACCRUED INTEREST DETAILS HAY 31, 1995 MONTH ENDING FISCAL MAY 31. 1995 YEAR TO DATE CD/Coupon/Discount Investments: Interest Collected S 173,885.40 S 1,401,391.47 PLUS Accrued Interest at End of Period 344,559.29 344,559.29 LESS Accrued Interest at Beginning of Period ( 366,354.61) ( 224,019.42) --------------- ------._------- Interest Earned during Period S 152,09(1.08 S 1,521,931.34 =======3======= --------------- --------------- Mortgage Backed Securities: Interest Collected S 7,438.87 S 8S,467.26 PLUS Accrued Interest at End of Period 19.801.89 19,801.89 LESS Accrued Interest at Beginning of Period ( 19,827.56) ( 20,579.9(1) --------------- --------------- Interest Earned during Period S 7,413.20 S 84,689.25 =========zZ===:I: =============== LAIF/Passbook/Checking Accounts: Interest Collected S 227,638.40 S 2,085,753.62 PLUS Accrued Interest at End of Period 8,494,781.02 8,494,781.02 LESS Accrued Interest at Beginning of Period ( 8,518,110.39) ( 8,698,272.63) --------------- --------------- Interest Earned during Period S 204,309.03 S 1,882,262.01 --------------- --------------- --------------- --------------- TOTAL Interest Earned during Period S 363,812.31 S 3,488,882.60 --------------- =============== --------------- 8 of 10 JUN 2 7 1995 Hi:M 21 - - CITY OF POWAY INVESTMENT PORTFOLIO DETAILS BOND FUNDS MAY 31,1995 SAN DIEGO COUNTY MARKET INVESTMENT POOL: BOOK VALUE FACE VALUE VALUE STATED RATE 1986 TAX ALLOCATION BOND $1,832,799.16 $1,832,799.16 $1,719,634.25 4.690 1969 TAX ALLOCATION BOND 9,025,300.87 9,025,300.87 8.468,039.93 4.690 1993 TAX ALLOCATION BOND 28.632.924.40 28.632.924.40 26.865.004.35 4.690 TOTAL 539.491.024.43 539.491.024.43 S37.052.678.53 LOCAL AGENCY INVESTMENT FUND: 1989 TAX ALLOCATION BOND S3,485,507.62 $3,485.507.62 $3,485,507.62 6.009 1990A TAX ALLOCATION BOND 336,374.13 336,374.13 336,374.13 6.009 1993 TAX ALLOCATION BOND 48.063.70 48.063.70 48.063.70 6.009 TOTAL S3.869.945.45 S3.869.945.45 S3.869.945.45 BENHAM GOVERNMENT AGENCY MONEY MARKET FUND-199OA TAX ALLOCATION BOND S99.754.73 S99.754.73 S99.754.73 5.610 GRAND TOTAL S43 480 724 81 S43 AM 724 81 "1 02237871 SUMMARY BY BOND ISSUE: 1986 TAX ALLOCATION BOND $1,632,799.16 $1,832,799.16 $1,719,634.25 1989 TAX ALLOCATION BOND 12.510,608.49 12,510.808.49 11,953,547.55 1990A TAX ALLOCATION BOND 436,128.86 436.128.86 436,128.86 1993 TAX ALLOCATION BOND 28.680.988.10 28.680.988.10 26.913.068.05 GRAND TOTAL $43 460 724 81 S43 480 724 81 $41 02237871 ATTACHMENT B - 06/N:lnc:nnTr-...... ........II."""\ND595 9 of 10 JUN 2 7 1995 lT~iVJ 21 .... CD 0 >-. ; .!! :i'~E I '-.....CD N NCD~ ; ~i~~ ~~~~~~~~~~~~ ~~~ ~ ~ ~ ~ ~~~~ ~--- - --- - ~f ~##~~~~~~~~~~ ~~~I~ ~ ~ !I~~ ~~ ~MMmN~~M~""'MN ~OO m ~ ~ ~IO-~ ~~ ~~~-""'~~~~N~~ ~~CD ~ ..... 0 ;;J m~ >~ ~~~W~MN~~~MW ~~- ~ ~ ~ 21~- I ~ N I~NS8-~oS~oo~m ~S~I~ ~ ~ ~EI -loNon It'l~~18 OCD ~CDM'~ N ~ ... ~:,M_~lE!.o.m..~. W.~ ......."'.I~ ": o. :e~ On NOI.....-~M~CDmM ~CD MOCDI~ _ ~ ~~ z~ -.....OW.....MN~ "'_ CDeM N ~ _ ~~ CDN ...~ It'lN~~CD.....NN ~ M.....N. N CD .. N~ ....... -.. ~. - - . .~ - . '. "- Om ~~I~~~ ~~~ ~ ~ ~ ~ ~ ~ ~O...IN~ ~~ ~ ~ ~ - N ... ~ .. ... 01 I _ _ U..... I 1lt'l~O~O-OCD"'~lt'lO CDo~l~ It'l ~ ! .. · on O~lt'lO..... m..... MNCD1'O _ _ , ;;J CD - "'.0lt'l0 Mon CDNM N '" ..... " ~ ~~~~~~o~~g~~ ~~.l'~ 2 ~ ~I* > ~CD"'MO~""'~_Q~'" CD_. It'l ~ M ~ _ ~ ~CQ_l:").~_~ ......- ..-: - ~~ "":N..-,: I ~ .. .... !! I "ft ~- It'l'''N~CDN_'''''v~'''''N "''''0 0 ~ ~ cl'..... -M~ -~.~NO"'lt'l ~-v on N ..... ~ ~ M - - ~lt'lN M NI'~ ..... ... ~ .. N N - f .... ... ,g I ; I · '" .. . I 5 i ~ u I . ~_ ' ~!~ if ~~~--~~~~~~~ ~~~l~ ~ ~ >-"I~i~ _w I ~Q')M..,-r--."''''''8o~''''' ~Oll) Ie.. . 1_ u2g ~ ~~"'~~Olt'l~. ~~~ ~~o:..... N ~ _..Ion ~~- ~ICD~VCD~CDMCD8gCDm NCDCD1M N _ ~~I.M Or' ili <:1l '" '" '" '" CD CD ~ _ _ CD '" m '" CD I '" m ~!!! D . v (.)0;:; :e : l.L."i )( a. >- ! 1_ : "',.,,,, . - . ~-~ I~Noo~8o-moo_ 8SCD,'0 '" '" ' .NOO~ or--.~o _ ~ ~ ~ ~ ~ '0 !II I -. ~ 0. o. CD. - q -. q q ~ ~ " ~ i CD. ~ ": -ij i ~ ~ ..(.)'" ~. CD.....oo~08--88'" O~M 1M N CD ,,: <;"00 ~ ~~ C~ M~ ~ ~ ~ M . _= I : 8>> <( > I ...... "'. ~ q "'- ~ . ~ -:. . _ 1t'I. -:.. ~ I Cl'l. ~ ~ '~ i [g ~ ~.. ~ CD_OIt'ICDCDON.lt'llt'lN OON/. 0 It'l '0 ~- O/_Vlt'l -.~CDNO""'~ CDN..... N on ~ ~:~~ o 0 M - - .CDN M NjCD Cl'l - (I' ~ c 1%).. f't.i~"'t!.. ~ ," ... i ~~~.Q ~~*~~#*#~~~~ ~##II~ ~ ~~Ii~~ ~-e~o~~~~~. .~~ 0 0 ~~_ N~ N."'_CO..............CD ..Cl'l ~.....co 10 0 ... <" 've> ~l ~~~tio~~~o~~~ ~o~ 2 2 ~~jON a. . . . . .. Q> ., · e ~~ -..- ~~ 0.. '" >> ZO'" g; _ .Z~ 0 ~~ e- ~O -... o~ ...... ....08z ~;; 0 CD", N .."'u... '" 0 u. ;:; ~o""8.. ~ N ~ Z i': ~ ~ C ~ t" '!~~~ ,".!!o a. <II ~ i~':, cal'ttQ&~ C c. e.s 0 _ ~CIl~r~ .. G.. ....0 ~ ~ =CC~.. ~ ~- II)"'''Z ~ '" u 'a '" ... ::::!! ~ ... r;: Ii ~ 1I ~!l 0 co ~ Cl'l ~l5 ::g !oo_"'~5 ..~~"'QZc _ _ ~ ~ ~ "'(.)~~"'~~~ a~"'.!!z~~ ,., ~ a. _ tIl tIl~~cz....~~a.o 0'" ~ E O~EE~"'J~~..(.)~z~!~ ~ ~ 0 u ~ z~~~~.9 ~5:;~.i3i(.)~~ C5 l5 U:: g:: ~ i::'i1i---c ",u.'5 CIIl1i ~'O tIl ~ l.L. U. tIl ;;: ...., ~~~~~tIl~C5~~~E~uE~ '" '" ~ ~~~~~~50~~~~S2>ifE ~o ~o ~ ~tIl..CI>"_:> ___ 10 0 f 1 0 ~ U. l.L. l.L. l.L. II) :> (.) ~ ~ Z U II) ~ ~ (.) ~ 1 rr qi'j i-JI-' 51i-J3w153.~i-JI w".:,r:" ~"', ~ ~ .