Loading...
HomeMy WebLinkAbout2023-06 Investment PortfolioOverview of Portfolio 1 Portfolio Detail 2 Maturities and Outlook 3 Portfolio Performance against benchmarks 4 Cash and Investments by Fund Reports 5 PDPC Report 7 Most recent report (5/31/2023) Current Investment Updates  Today's Agenda by Nate Malone, Budget & Accounting Manager Finance Department Investment Activity Report Quarter Ended June 30th, 2023 Presented to the Investment Advisory Committee Overview of Main Portfolio Blended1 Core 2 60 60  10 27 Blended1 Core 2 3.56% 2.30% 1 Blended = Liquid (Cash+LGIP) plus Fixed Income Portfolio 2 Core = Main investments of the City defined maturities (Fire Pension is Excluded) Current % Blended Allowed per  policy Current Portfolio (principal value) 12% N/A  $           47,388,934  9% 100% 33,583,984$            51% 75% 198,456,094$          24% 75% 95,600,111$            4% 75% 16,683,176$            0% 25%‐$                          TOTAL INVESTMENTS 100% 391,712,299$          *Excluding Cash the portfolio distribution is 58% LGIP, 9% US Treasury, 28% Agency Securities and  5% CDs 0.097536176 By Institution Current % Blended Allowed by  Policy Current Portfolio (principal value)Maturity Date APY Weighted Yield Blended Current Principal  Balance Cash US Bank ‐ Cash 12% N/A 47,388,934 overnight 0.52% 0.06%47,388,934          US Treasury Securities* 421259A TREASURY 9,746,094               11/30/2025 1.01% 0.03% 423279A TREASURY 4,891,016               6/30/2027 3.83% 0.05% 323249A TREASURY 4,779,297               9/30/2024 5.11% 0.06% 423289A TREASURY 4,445,313               3/31/2028 3.77% 0.04% 421259B TREASURY 9,722,266               6/30/2025 1.05% 0.03% Local Government Investment Pool 3920 State Investment Pool 51% 75%198,456,094 7/1/2023 5.20% 2.63%198,456,094          US Federal Agency Securities* 320239A FHLMC 10,002,950             9/8/2023 0.24% 0.01% 322239A FHLMC 4,851,912               12/4/2023 2.04% 0.03% 322249A FFCB 4,958,950               1/18/2024 1.33% 0.02% 319249A FNMA 5,165,450               2/5/2024 1.69% 0.02% 319249B FFCB 5,000,000               3/11/2024 1.55% 0.02% 323289B FHLB 4,995,350               6/9/2028 4.02% 0.05% 319249C FHLB 5,282,650               12/13/2024 1.57% 0.02% 322259A FHLMC 4,742,029               2/12/2025 3.55% 0.04% 320259A FHLB 9,980,200               9/12/2025 0.42% 0.01% 321259A FHLMC 4,947,500               9/23/2025 0.64% 0.01% 323269A FHLB 5,018,200               3/13/2026 3.99% 0.05% 322269B FNMA 4,722,663               4/24/2026 3.90% 0.05% 322269A FNMA 4,672,300               9/24/2026 3.54% 0.04% 323279A FFCB 4,975,050               7/14/2027 4.00% 0.05% 323279B FNMA 4,191,075               11/15/2027 3.85% 0.04% 322279A FHLB 5,044,875               12/10/2027 4.05% 0.05% 323269B FHLB 4,986,918               10/22/2026 3.96% 0.05% 323289A FHLB 2,062,040               3/10/2028 3.79% 0.02%#N/A #N/ACertificates of Deposit 122244A First Savings Bank Northwest 5,591,721 8/15/2024 2.30% 0.03% 122254A First Savings Bank Northwest 5,623,397 8/16/2025 2.40% 0.03% 12034A First Savings Bank Northwest 5,468,059 10/30/2023 0.50% 0.01% Commercial Paper none 0.00% 5%‐                               N/A N/A N/A ‐                              391,712,299$         391,712,299$      16,683,176            *Held in our safekeeping account at Principal Financial TOTAL CASH & INVESTMENTS 4% 20% By Type Current June 30, 2023 Weighted Average Maturity excluding Fire Pension Duration allowed by Policy Current Duration (in months) Weighted Average Yield excluding Fire Pension 95,600,111           75%24% Cash US Treasury Securities Local Government Investment Pool US Federal Agency Securities (GSE) Certificates of Deposit Commercial Paper 9% 100% 33,583,984            Cash 12% US Treasury 9% LGIP 51% GSE's 24% CD's 4% Distribution by Type 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% RENTON  CORE RENTON  BLENDED SIP FED FUNDS  RATE 2Y TREAS 2.30% 3.56% 5.20%5.08%4.64% How do we compare? (see Performance Measures) City of Renton Investment Portfoliodate: 6/30/2023Liquid PortfolioInv # Institution InstrumentName/TickerCusip/Acct #RatingDays to MaturityDays to Next CallSettlement DateMaturity Date Effective Rate Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysPrincipalCASH US Bank (excl RRFA) CASH 1 6/30/2023 7/1/2023 0.52% 0.00100235 0.19276 0.00100235 0.19276 47,388,934$             3920State Investment Pool (excl RRFA)LGIPWA SIP‐‐1 6/30/2023 7/1/2023 5.20% 0.04197651 0.80724 0.04197651 0.80724 198,456,094$           TOTALS 4.30% 1 245,845,028             WAY days(Princ/Total)xYTM (Princ/Total)xDays to MaturityCore Portfoliofrom: 6/30/2023(Cost/Total)xCoupon (Cost/Total)xDaysYTC (Cost/Total)xCouponYTC(Cost/Total)xDaysInv # Institution InstrumentName/TickerCusip/Acct #RatingDays to MaturityDays to Next CallSettlement DateMaturity Date Coupon/APR Price YTM/APY Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysCost Amount320239A FHLMC AGENCY‐‐3137EAEW5 Aaa/AA+ 70 70 9/11/20209/8/2023 0.25% 100.03% 0.24% 0.00016465 4.80030 0.00016465 4.80030 10,002,950               12034A First Savings Bank NW CD‐‐01‐535447‐07 n/a 122 122 10/30/2020 10/30/2023 0.50% 100.00% 0.50% 0.00018743 4.57336 0.00018743 4.57336 5,468,059                  322239A FHLMC AGENCY‐‐3137EAFA2 Aaa/AA+ 157 157 3/25/202212/4/2023 0.25% 97.04% 2.04% 0.00067856 5.22221 0.00067856 5.22221 4,851,912                  322249A FFCB AGENCY‐‐3133ENLF5 Aaa/AA+ 202 202 2/10/2022 1/18/2024 0.90%99.18% 1.33% 0.00045223 6.86726 0.00045223 6.86726 4,958,950                  319249A FNMA AGENCY‐‐3135G0V34 Aaa/AA+ 220 220 11/6/2019 2/5/2024 2.50%103.31% 1.69% 0.00059811 7.79064 0.00059811 7.79064 5,165,450                  319249B FFCB AGENCY‐‐3133ELCS1 Aaa/AA+ 255 255 12/11/2019 3/11/2024 1.55%100.00% 1.55% 0.00053137 8.74082 0.00053137 8.74082 5,000,000                  122244A First Savings Bank NW CD‐‐n/a 412 412 8/29/2022 8/15/2024 2.27% 100.00%2.30% 0.00088169 15.79373 0.00088169 15.79373 5,591,721                  323249A TREASURY US TREASURY‐‐912828YH7 Aaa/AA+ 458 458 6/20/2023 9/30/2024 1.50%95.59% 5.11% 0.00167361 15.00623 0.00167361 15.00623 4,779,297                  319249C FHLB AGENCY‐‐3130A3GE8 Aaa/AA+ 532 532 12/13/201912/13/2024 2.75% 105.65% 1.57% 0.00056859 19.26662 0.00056859 19.26662 5,282,650                  322259A FHLMC AGENCY‐‐3137EAEP0 Aaa/AA+ 593 593 6/15/20222/12/2025 1.50% 94.84% 3.55% 0.00115408 19.27796 0.00115408 19.27796 4,742,029                  421259B TREASURY US TREASURY‐‐912828ZW3 Aaa/AA+ 731 731 12/15/2021 6/30/2025 0.25%97.22% 1.05% 0.00070003 48.72221 0.00070003 48.72221 9,722,266                  122254A First Savings Bank NW CD‐‐n/a 778 778 8/29/2022 8/16/2025 2.37% 100.00%2.40% 0.00092524 29.99304 0.00092524 29.99304 5,623,397                  320259A FHLB AGENCY‐‐3130AJXA2 Aaa/AA+ 805 805 9/11/2020 9/12/2025 0.38%99.80% 0.42% 0.00028395 55.07789 0.00028395 55.07789 9,980,200                  321259A FHLMC AGENCY‐‐3137EAEX3 Aaa/AA+ 816 816 8/23/20219/23/2025 0.38% 98.95% 0.64% 0.00021580 27.67694 0.00021580 27.67694 4,947,500                  421259A TREASURY US TREASURY‐‐91282CAZ4 Aaa/AA+ 884 884 10/27/2021 11/30/2025 0.38%97.15% 1.01% 0.00067483 59.06429 0.00067483 59.06429 9,746,094                  323269A FHLB AGENCY 3130AUU36 Aaa/AA+ 987 987 3/28/2023 3/13/2026 4.20% 100.36% 3.99% 0.00137267 33.95528 0.00137267 33.95528 5,018,200                  322269B FNMA AGENCY‐‐3135G0K36 Aaa/AA+ 1029 1029 12/15/2022 4/24/2026 2.13%94.45% 3.90% 0.00126353 33.31535 0.00126353 33.31535 4,722,663                  322269A FNMA AGENCY‐‐3135G0Q22 Aaa/AA+ 1182 1182 6/15/2022 9/24/2026 1.88%93.45% 3.54% 0.00113390 37.86085 0.00113390 37.86085 4,672,300                  323269B FFCB AGENCY 3133EMEF5 Aaa/AA+ 1210 1210 5/22/2023 10/22/2026 0.50% 89.05% 3.96% 0.00135289 41.36754 0.00135289 41.36754 4,986,918                  423279A TREASURY US TREASURY 91282CEW7 Aaa/AA+ 1461 1461 5/23/2023 6/30/2027 3.25% 97.82% 3.83% 0.00128361 48.98819 0.00128361 48.98819 4,891,016                  323279A FFCB AGENCY 3133EPAU9 Aaa/AA+ 1475 1475 2/10/2023 7/14/2027 3.88% 99.50% 4.00% 0.00136438 50.30737 0.00136438 50.30737 4,975,050                  323279B FNMA AGENCY 31359YBE6 Aaa/AA+ 1599 1599 3/28/2023 11/15/2027 0.00% 83.82% 3.85% 0.00110621 45.94265 0.00110621 45.94265 4,191,075                  322279A FHLB AGENCY 3130ATUS4 Aaa/AA+ 16241624 11/23/2022 12/10/2027 4.25% 100.90% 4.05% 0.00140072 56.16666 0.00140072 56.16666 5,044,875                  323289A FHLB AGENCY 3130ATS57 Aaa/AA+ 1715 1715 5/22/2023 3/10/2028 4.50% 103.10% 3.79% 0.00053521 24.24395 0.00053521 24.24395 2,062,040                  323289B FHLB AGENCY 3130AWC24 Aaa/AA+ 1806 1806 6/21/2023 6/9/2028 4.00% 99.91% 4.02% 0.00137675 61.84802 0.00137675 61.84802 4,995,350                  423289A TREASURY US TREASURY 91282CBS9 Aaa/AA+ 1736 1736 5/23/2023 3/31/2028 1.25% 88.91% 3.77% 0.00114942 52.90469 0.00114942 52.90469 4,445,313                  Core Portfolio2.30% 2.26 2.30% 2.26 145,867,271$           Maturing/Callable in next quarterWAY years WAY to Call years to callNew since last quarterMV/(TotalxYTM) MV/(TotalxDays to Mat)/360MV/(TotalxYTM) MV/(TotalxDays to Mat)/360Total Overnight + Main Portfolio3.56% 0.84 3.56% 0.84 391,712,299$           WAY yearsMV/(TotalxYTM) MV/(TotalxDays to Mat)/360Fire Pension Portfoliofrom: 6/30/2023(Maturity ‐ Settlement)MV ‐ BV BV ‐ Cost (Cost/Total)xCoupon (Cost/Total)xDaysInv # Instrument CUSIPName/TickerShares/Units RatingDays to MaturitySettlement DateMaturity Date Coupon Weighted YieldWeighted Average # DaysWeighted YieldWeighted Average # DaysCost Basis4310 US TREAS STRIP 912833LP3‐‐393,000              Aaa138                11/24/1997 11/15/2023 6.17% 0.00979359 21.90108 0.00979359 21.90108 81,056                       4311 US TREAS STRIP 912803BD4‐‐375,000              Aaa504                11/24/1997 11/15/2024 6.16% 0.00880237 72.01937 0.00880237 72.01937 72,983                       4286 US TREAS STRIP 912803BF9‐‐1,186,000           Aaa777                11/15/2003 8/15/2025 5.60% 0.03912651 542.65751 0.03912651 542.65751 356,701                     Total Portfolio5.77% 2 0.98% 2 510,740$                   WAY years(Cost/Total)xCoupon ((Cost/Total)xDays to Maturity)/360Next Call DateNext Call DateFund 611 receives a proportionate share of the Interest Revenue from Overnight and Fixed Income Portfolios as described above (monthly); Interest Revenue for Pension maturities are recorded upon receipt; accrued interest is recorded only in the 14th period for financial statements. Interest from State Investment Pool allocated to funds based on cash position, monthly.  Earnings Credit on cash recorded annually.  Maturities and Outlook Outlook:  Core Portfolio Pending Maturities 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Total 20,322,921$ 15,124,400$ 20,395,696$ 49,760,319$ 40,263,936$ 145,867,271$      Outlook:  Core Portfolio Pending Maturities IF CALLED AT NEXT CALL 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Total 20,322,921$ 15,124,400$ 20,395,696$ 49,760,319$ 40,263,936$ 145,867,271$      $20,322,921 $15,124,400 $20,395,696  $49,760,319  $40,263,936   $‐  $10,000,000  $20,000,000  $30,000,000  $40,000,000  $50,000,000  $60,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities (excluding Overnight and Pension Portfolio) $20,322,921 $15,124,400 $20,395,696  $49,760,319  $40,263,936   $‐  $20,000,000  $40,000,000  $60,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities IF CALLED AT NEXT CALL (excluding Overnight and Pension Portfolio) Period Renton  CORE Renton  BLENDED SIP Fed Funds  Rate 2Y TREAS March 2019 1.98% 1.54%2.53%2.41% 2.41% June 2019 1.98% 1.53%2.51%2.38% 1.81% September 2019 1.98% 1.40%2.20%2.04% 1.65% December 2019 1.74% 1.38%1.77%1.55% 1.61% March 2020 1.85% 1.16%1.29%0.65% 0.45% June 2020 1.87% 0.73% 0.37%0.08% 0.19% September 2020 1.48% 0.62%0.21%0.09% 0.13% December 2020 1.30% 0.53%0.16%0.09% 0.14% March 2021 0.88% 0.41%0.11%0.07% 0.15% June 2021 0.88% 0.41%0.08%0.08% 0.20% September 2021 0.84% 0.39%0.09%0.08% 0.24% December 2021 0.84% 0.35%0.09%0.08% 0.68% March 2022 0.94% 0.45%0.23%0.20% 1.91% June 2022 1.16% 0.85%1.01%1.21% 3.00% September 2022 1.37%1.60%2.56%2.56%3.86% December 2022 1.56% 2.33%4.12%4.10%4.29% March 2023 1.91% 3.29% 4.77%4.65%4.30% June 2023 2.31% 3.56%5.20%5.08%4.64% Renton Cash & Investment (Blended) Portfolio Performance, 5 year trend "Blended" portfolio includes cash and State Investment Pool 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Renton CORE Renton BLENDED SIP Fed Funds Rate Linear (Renton CORE) Fund Fund Name Cash Investments Total C & I 000 GENERAL 96,132,962$                                                  ‐$                                 96,132,962$                  001 COMMUNITY SERVICES 1,981,014$                                                    ‐$                                 1,981,014$                    003 STREETS 2,289,312$                                                    ‐$                                 2,289,312$                    004 COMM DEV BLOCK GRANT FUND ‐$                                                               ‐$                                  ‐$                                005 Museum 35,673$                                                          ‐$                                 35,673$                          098 ECONOMIC DEVELOPMENT RESERVE 2,640,316$                                                    ‐$                                 2,640,316$                    108 LEASED CITY PROPERTIES 128,000$                                                        ‐$                                 128,000$                        110 SPECIAL HOTEL‐MOTEL TAX 864,944$                                                        ‐$                                 864,944$                        125 ONE PERCENT FOR ART 59,307$                                                          ‐$                                 59,307$                          127 CABLE COMM DEV FUND 419,055$                                                        ‐$                                 419,055$                        130 HOUSING AND SUPPORTIVE SERVICES 8,339,513$                                                    ‐$                                 8,339,513$                    135 SPRINGBROOK WETLANDS BANK 702,231$                                                        ‐$                                 702,231$                        140 POLICE SEIZURE 431,707$                                                        ‐$                                 431,707$                        141 POLICE SEIZURE CSAM 170,794$                                                        ‐$                                 170,794$                        215 GEN GOVT MISC DEBT SERV 4,841,617$                                                    ‐$                                 4,841,617$                    303 COMMUNITY DEVELOP IMPACT MITIG 1,691,498$                                                    ‐$                                 1,691,498$                    304 FIRE IMPACT MITIGATION 1,660$                                                            ‐$                                 1,660$                            305 TRANSPORTATION IMPACT MITIGATION 7,563,760$                                                    ‐$                                 7,563,760$                    308 REET 1 4,143,157$                                                    ‐$                                 4,143,157$                    309 REET 2 7,148,483$                                                    ‐$                                 7,148,483$                    310 RENTON SD IMPACT MITIGATION 5,844$                                                            ‐$                                 5,844$                            311 ISSAQUAH SD IMPACT MITIGATION ‐$                                                               ‐$                                  ‐$                                312 KENT SD IMPACT MITIGATION ‐$                                                               ‐$                                  ‐$                                316 MUNICIPAL FACILITIES CIP FUND 16,946,278$                                                  ‐$                                 16,946,278$                  317 CAPITAL IMPROVEMENT FUND 12,347,666$                                                  ‐$                                 12,347,666$                  336 Library Construction Fund ‐$                                                               ‐$                                  ‐$                                346 Family First Center 3,805,868$                                                    ‐$                                 3,805,868$                    Total General Funds 172,690,659$                                               ‐$                                172,690,659$                402 AIRPORT 4,861,277$                                                    ‐$                                 4,861,277$                    422 AIRPORT CAPITAL IMPROVEMENT FUND 6,124,317$                                                    ‐$                                 6,124,317$                    Total Airport Funds 10,985,594$                                                  ‐$                                10,985,594$                  404 MUNICIPAL GOLF COURSE SYSTEM FUND 1,737,051$                                                    ‐$                                 1,737,051$                    424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND 464,358$                                                        ‐$                                 464,358$                        Total Golf Course Funds 2,201,409$                                                    ‐$                                2,201,409$                    403 SOLID WASTE UTILITY 4,798,006$                                                    ‐$                                 4,798,006$                    405 WATER OPERATIONS FUND 14,667,906$                                                  ‐$                                 14,667,906$                  406 WASTEWATER OPERATIONS FUND 7,749,734$                                                    ‐$                                 7,749,734$                    407 SURFACE WATER OPERATIONS FUND 18,566,267$                                                  ‐$                                 18,566,267$                  416 KING COUNTY METRO MITIGATION 6,213,327$                                                    ‐$                                 6,213,327$                    425 WATER CIP FUND 34,811,358$                                                  ‐$                                 34,811,358$                  426 WASTEWATER CIP FUND 17,784,693$                                                  ‐$                                 17,784,693$                  427 SURFACE WATER CIP FUND 13,982,059$                                                  ‐$                                 13,982,059$                  471 WATER WORKS RATE STABLIZATION 17,326$                                                          ‐$                                 17,326$                          Total Utility Funds 118,590,675$                                               ‐$                                118,590,675$                501 EQUIPMENT RENTAL 13,422,621$                                                  ‐$                                 13,422,621$                  503 INFORMATION SERVICES 8,487,314$                                                    ‐$                                 8,487,314$                    504 FACILITIES 1,153,011$                                                    ‐$                                 1,153,011$                    505 COMMUNCIATIONS 570,871$                                                        ‐$                                 570,871$                        502 INSURANCE FUND 24,184,333$                                                  ‐$                                 24,184,333$                  512 HEALTH INSURANCE FUND 7,712,127$                                                    ‐$                                 7,712,127$                    522 LEOFF1 RETIREES HEALTHCARE 20,502,146$                                                  ‐$                                 20,502,146$                  611 FIREMEN'S PENSION 8,395,814$                                                   510,740$                        8,906,555$                    650 SPECIAL DEPOSITS 2,470,695$                                                    ‐$                                 2,470,695$                    Total Stand Alone Funds 86,898,932$                                                 510,740$                        87,409,672$                  630 CUSTODIAL FUND 610,048$                                                        ‐$                                 610,048$                        632 PAYROLL CLEARING ACCOUNT 131,926$                                                        ‐$                                 131,926$                        901 SURPLUS BANK BALANCE (344,720,308)$                                             344,323,365$                (396,943)$                      Total Accounting only funds (343,978,335)$                                             344,323,365$                345,030$                       47,388,934$                                                 344,834,105$                392,223,039$                US Treasury 33,583,984$                  10% SIP 198,456,094$                58% GSE's 95,600,111$                  28% CD's 16,683,176$                  5% Total 344,323,366$               88% (of total) Grand Total: Cash & Investments by Fund Fund 901 Summary June 30, 2023 Fund Fund Name 000 GENERAL 001 COMMUNITY SERVICES 003 STREETS 004 COMM DEV BLOCK GRANT FUND 005 Museum 098 ECONOMIC DEVELOPMENT RESERVE 108 LEASED CITY PROPERTIES 110 SPECIAL HOTEL‐MOTEL TAX 125 ONE PERCENT FOR ART 127 CABLE COMM DEV FUND 130 HOUSING AND SUPPORTIVE SERVICES 135 SPRINGBROOK WETLANDS BANK 140 POLICE SEIZURE 141 POLICE SEIZURE CSAM 215 GEN GOVT MISC DEBT SERV 303 COMMUNITY DEVELOP IMPACT MITIG 304 FIRE IMPACT MITIGATION 305 TRANSPORTATION IMPACT MITIGATION 308 REET 1 309 REET 2 310 RENTON SD IMPACT MITIGATION 311 ISSAQUAH SD IMPACT MITIGATION 312 KENT SD IMPACT MITIGATION 316 MUNICIPAL FACILITIES CIP FUND 317 CAPITAL IMPROVEMENT FUND 336 Library Construction Fund 346 Family First Center Total General Funds 402 AIRPORT 422 AIRPORT CAPITAL IMPROVEMENT FUND Total Airport Funds 404 MUNICIPAL GOLF COURSE SYSTEM FUND 424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND Total Golf Course Funds 403 SOLID WASTE UTILITY 405 WATER OPERATIONS FUND 406 WASTEWATER OPERATIONS FUND 407 SURFACE WATER OPERATIONS FUND 416 KING COUNTY METRO MITIGATION 425 WATER CIP FUND 426 WASTEWATER CIP FUND 427 SURFACE WATER CIP FUND 471 WATER WORKS RATE STABLIZATION Total Utility Funds 501 EQUIPMENT RENTAL 503 INFORMATION SERVICES 504 FACILITIES 505 COMMUNCIATIONS 502 INSURANCE FUND 512 HEALTH INSURANCE FUND 522 LEOFF1 RETIREES HEALTHCARE 611 FIREMEN'S PENSION 650 SPECIAL DEPOSITS Total Stand Alone Funds 630 CUSTODIAL FUND 632 PAYROLL CLEARING ACCOUNT 901 SURPLUS BANK BALANCE Total Accounting only funds Grand Total: Cash & Investments by Fund Cash Investments Total C & I% chg 69,861,706$            ‐$                                 69,861,706$               38% 7,611,582$              ‐$                                 7,611,582$                  ‐74% 2,642,315$              ‐$                                 2,642,315$                  ‐13% ‐$                          ‐$                                  ‐$                              0% 79,163$                    ‐$                                 79,163$                       ‐55% 2,584,151$              ‐$                                 2,584,151$                  N/A 159,260$                  ‐$                                 159,260$                     ‐20% 807,290$                  ‐$                                 807,290$                     7% 46,363$                    ‐$                                 46,363$                       28% 616,757$                  ‐$                                 616,757$                     ‐32% 3,763,174$              ‐$                                 3,763,174$                  122% 461,691$                  ‐$                                 461,691$                     52% 380,631$                  ‐$                                 380,631$                     13% 159,024$                  ‐$                                 159,024$                     7% 5,049,362$              ‐$                                 5,049,362$                  ‐4% 4,818,674$              ‐$                                 4,818,674$                  ‐65% 3,101,604$              ‐$                                 3,101,604$                  ‐100% 12,139,558$            ‐$                                 12,139,558$               ‐38% 6,538,021$              ‐$                                 6,538,021$                  ‐37% 10,808,560$            ‐$                                 10,808,560$               ‐34% 3,699,507$              ‐$                                 3,699,507$                  ‐100% ‐$                          ‐$                                  ‐$                              0% ‐$                          ‐$                                  ‐$                              0% 18,159,238$            ‐$                                 18,159,238$               ‐7% 8,877,753$              ‐$                                 8,877,753$                  39% ‐$                          ‐$                                  ‐$                              0% 9,945,455$              ‐$                                 9,945,455$                  ‐62% 172,310,841$         ‐$                                172,310,841$             0% 2,331,250$              ‐$                                 2,331,250$                  109% 5,962,074$              ‐$                                 5,962,074$                  3% 8,293,324$              ‐$                                8,293,324$                 32% 1,282,855$              ‐$                                 1,282,855$                  35% 471,005$                  ‐$                                 471,005$                     ‐1% 1,753,860$              ‐$                                1,753,860$                 26% 3,643,778$              ‐$                                 3,643,778$                  32% 11,817,174$            ‐$                                 11,817,174$               24% 8,030,988$              ‐$                                 8,030,988$                  ‐4% 16,977,498$            ‐$                                 16,977,498$               9% 5,425,250$              ‐$                                 5,425,250$                  15% 33,603,214$            ‐$                                 33,603,214$               4% 13,917,973$            ‐$                                 13,917,973$               28% 6,903,915$              ‐$                                 6,903,915$                  103% 16,958$                    ‐$                                 16,958$                       2% 100,336,748$         ‐$                                100,336,748$             18% 11,896,573$            ‐$                                 11,896,573$               13% 6,531,028$              ‐$                                 6,531,028$                  30% 1,212,011$              ‐$                                 1,212,011$                  ‐5% 257,297$                  ‐$                                 257,297$                     122% 21,290,545$            ‐$                                 21,290,545$               14% 7,378,916$              ‐$                                 7,378,916$                  5% 18,946,136$            ‐$                                 18,946,136$               8% 7,848,727$             600,333$                        8,449,061$                  5% 1,808,551$              ‐$                                 1,808,551$                  37% 77,169,784$           600,333$                        77,770,117$               12% 846,729$                  ‐$                                 846,729$                     ‐28% 110,287$                  ‐$                                 110,287$                     20% (262,541,654)$       262,541,654$                 ‐$                              #DIV/0! (261,584,637)$       262,541,654$                957,016$                      98,279,920$           263,141,987$                361,421,907$             9% % chg US Treasury 19,468,359$                  8% 73% SIP 151,546,074$                60% 31% GSE's 60,213,172$                  24% 59% CD's 21,632,545$                  9%‐23% Total 252,860,150$               70%36% (of total) (2023 v 2022) Fund 901 Summary compare to last year June 30, 2022 First Financial Northwest Bank               149,068,764 81,774,740          55% 16,683,176              11.19% 15.2% $                             ‐    Total 16,683,176$           Total ‐$                           First Financial Northwest Bank               150,370,315 78,200,502          52% 16,683,176              11.09% 12.5% $                             ‐    Total 16,683,176$           Total ‐$                           Commencement Bank                  46,493,640 17,076,449          37%‐                            0.00% 5.4% $             (5,000,000) First Financial Northwest Bank               150,370,315 60,954,655          41% 16,683,176              11.09% 0.9% $                             ‐    Total 16,683,176$           Total (5,000,000)$              Commencement Bank                  46,750,721 16,344,739          35% 5,000,000                10.70% 35.0% $                             ‐    First Financial Northwest Bank               148,174,815 60,661,388          41% 16,683,176              11.26% 1.4% $                    50,631  Total 21,683,176$           Total ‐$                           Commencement Bank                  49,450,820 16,973,164          34% 5,000,000                10.11% 34.3% $                             ‐    First Financial Northwest Bank               149,357,709 57,874,819          39% 16,632,545              11.14%‐0.8% $                             ‐    Total 21,632,545$           Total ‐$                           Commencement Bank                  52,464,597 16,444,147          31% 5,000,000                9.53% 14.7% $             (5,000,000) First Financial Northwest Bank               149,562,678 59,265,589          40% 16,632,545              11.12%‐2.3% $                            (0) Total 21,632,545$           Total (5,000,000)$              Commencement Bank                  54,001,686 21,350,393          40% 10,000,000              18.52% 22.9% $                             ‐    First Financial Northwest Bank               147,525,305 54,738,273          37% 16,632,545              11.27%‐4.8% $                             ‐    Total 26,632,545$           Total ‐$                           Commencement Bank **                 52,624,315 20,491,511          39% 10,000,000              19.00% 22.3% $             (1,063,731) First Financial Northwest Bank               145,922,053 54,445,518          37% 16,632,545              11.40%‐4.6% $                             ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 26,632,545$           Total (1,063,731)$              CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2021   Total WA Deposits 5/31/2021    % public (PDPC limit 150%)   City of Renton Deposits  % of net worth (PDPC limit 100%) % public  City of Renton  Deposits  Commencement Bank **                 52,705,233 18,937,394          36% 11,063,731              21.40%‐1.4% $                             ‐    First Financial Northwest Bank               142,444,867 59,739,111          42% 16,632,545              11.68%‐1.0% $                             ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 26,632,545$           Total ‐$                           CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2020   Total WA Deposits 2/28/2021    % public (PDPC limit 150%)   City of Renton Deposits  % of net worth (PDPC limit 100%) % public  City of Renton  Deposits  Commencement Bank **                 51,694,341 19,272,232          37% 11,063,731              21.40% 23.0% $       10,000,000.00  First Financial Northwest Bank               140,113,730 60,232,123          43% 16,632,545              11.87% 3.8% $             758,684.61  Pacific Premier (Former Opus)              307,686,539 426,154,882        139%‐                                0.00%‐2.3% $        (5,152,410.68) **A portion of our deposits with this bank is within the CDARS Program.Total 27,696,276$           Total 5,606,273.93$          CHANGE since last report Depository  WA Proportional Net  Worth  9/30/2020   Total WA Deposits 11/30/2020    % public (PDPC limit 150%)   City of Renton Deposits  % of net worth (PDPC limit 100%)  % public   City of Renton  Deposits  Commencement Bank **                 50,708,892 8,454,485            17% 1,063,731                2.10% 16.7% $                             ‐    First Financial Northwest Bank               137,038,407 57,414,305          42% 15,873,861              11.58% 24.1% $                  292,277  Pacific Premier (Former Opus)              271,464,935 444,197,579        164% 5,152,411                1.90% 129.0% $                             ‐    PDPC Report December 2022 through February 2023 updated through March 20, 2023 CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2022   Total WA Deposits 2/28/2023  % public (PDPC limit 150%) Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report December 2021 through February 2022 updated through March 24,2022 CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2021   Total WA Deposits 2/28/2022  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  Public Deposit Protection Commission (PDPC) Report PDPC Report March 2023 through May 2023 updated through June 14, 2023 CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2023   Total WA Deposits 5/31/2023  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report September 2020 through November 2020) report updated through December 17, 2020 PDPC Report March 2021 through May 2021 updated through June 23,2021 PDPC Report December 2020 through February 2021 updated through March 22,2021 CHANGE since last report Depository  WA Proportional Net  Worth  6/30/2021   Total WA Deposits 8/31/2021  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report June 2021 through August 2021 updated through September 27,2021 PDPC Report September 2021 through November 2021 updated through January 3,2022 CHANGE since last report Depository  WA Proportional Net  Worth  9/30/2021   Total WA Deposits 11/30/2021  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report March 2022 through May 2022 updated through June 15, 2022 CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2022   Total WA Deposits 5/31/2022  % public (PDPC limit 150%)  City of Renton  Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report June 2022 through August 2022 updated through September 21, 2022 CHANGE since last report Depository  WA Proportional Net  Worth  6/30/2022   Total WA Deposits 8/31/2022  % public (PDPC limit 150%) Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report October 2022 through December 2022 updated through February 7, 2023 CHANGE since last report Depository  WA Proportional Net  Worth  12/31/2022   Total WA Deposits 12/31/2022  % public (PDPC limit 150%) Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits