TITLE
Recommendation to receive and file the Investment Report for Quarter Ending June 30, 2023. (Citywide)
DISCUSSION
The City of Long Beach (City) Treasurer's Office in the Financial Management Department invests the funds in compliance with the California Government Code, Section 53600 et. seq., and the City's Investment Policy. As of June 30, 2023, these funds had a book value of approximately $2.264 billion.
Statutory Compliance
All investment transactions have been executed in conformance with the City’s Investment Policy and the California Government Code. The Investment Advisory Committee, composed of the Assistant City Auditor, Deputy City Attorney, City Treasurer, City Controller, and designated representatives from the Harbor and Water Departments, meets quarterly, or as needed, to review investment policies, strategies, and performance. All portfolio transactions as of June 30, 2023, can be found in the Investment Trading Activity (Attachment A).
Investment Strategies
The Investment Policy divides the City's investment portfolio into short-maturity, intermediate-maturity, and long-maturity portfolios. Their respective benchmarks are the Three-Month Treasury Bill Index, the ICE Bank of America Merrill Lynch (BAML) One-to-Three Year US Treasury/Agency, and the ICE Bank of America Merrill Lynch (BAML) One-to-Five Year US Treasury/Agency.
The short-maturity portfolio maintains a weighted average maturity of three to six months and provides sufficient liquidity to satisfy the City's short-term cash needs. The intermediate-maturity portfolio maintains a weighted average maturity of approximately one to three years and provides for the cash needs with maturities greater than six months. The long-maturity portfolio maintains a weighted average maturity of one to five years to satisfy the City's longer-term cash needs.
The City's cash management goals are to maintain and preserve the safety of funds in custody and provide adequate liquidity for anticipated expenditure needs. Approximately $534.8 million of the total investment pool, or approximately 24.32 percent of the funds, will mature in the next six months, ensuring that sufficient funds are available to meet the City's liquidity needs.
Investment Position and Performance
The following table summarizes the City's investment pool position and performance for the quarter ending June 30, 2023:
![](data:image/png;base64,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)
1) Book value is the initial value/outlay for an investment at the time of purchase (as much as five years ago) and still held in the portfolios, while market value represents the value at a point in time based on current market conditions.
2) Unrealized Gain/(Loss) is the difference between book and market value. It is inversely related to the change in interest rates. As interest rates rise or fall, the value of fixed-income assets moves in the opposite direction. Typically, investments are held to maturity, and therefore, gains/losses are rarely realized.
3) Total return is a performance measurement metric that reflects the portfolio's overall value for this three-month period, if liquidated, including income and realized and unrealized gains and losses.
4) Investment Performance - Portfolio Total Return numbers are calculated as a weighted average.
5) Last 12 months Portfolio Total Return is a performance measurement metric that reflects a rolling 12-month return, which includes income and both realized and unrealized gains/(losses)
6) Interest Earnings is the amount of interest earned from investments over a 3-month period, net of investment-related expenses.
The quarter ending June 30, 2023, continued to experience rising market interest rates after a prolonged period of stable and historically low levels, which caused the investment value to remain negative on a mark-to-market basis. This resulted in an unrealized loss of approximately $66.1 million, up from the prior quarter's unrealized loss of approximately $53.5 million. Generally, there will be minimal actual realized loss since most securities are held to maturity. For the three months ended June 30, 2023, the quarterly total return was 0.13 percent, which was 55 basis points (0.55 percent) above the benchmark. Over the preceding 12 months, the investment portfolio generated an annualized total return of 1.03 percent, which was 61 basis points (0.61 percent) above the benchmark.
Another view of investment performance considers actual interest earnings, irrespective of changes in market value of the portfolio that are unlikely to be realized. As shown in the bottom-right portion of the table above, interest earnings totaled $10.92 million for the quarter ending June 30, 2023. Using average cash balances for each of the three months of the quarter, the actual interest earned yielded an annualized interest earnings rate of 1.97 percent over the full quarter.
Investment portfolio holdings as of June 30, 2023, are included in Attachment B.
This matter was reviewed by Principal Deputy City Attorney Richard F. Anthony on August 7, 2023 and by Revenue Management Officer Geraldine Alejo on August 14, 2023.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
KEVIN RIPER
DIRECTOR OF FINANCIAL MANAGEMENT
APPROVED:
THOMAS B. MODICA
CITY MANAGER