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HomeMy WebLinkAbout2024-03 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 6 Most recent report (3/31/2024) Investment Emerging Issues Today's Agenda by Nate Malone, Budget & Accounting Manager Finance Department Investment Activity Report Quarter Ended March 31st, 2024 Presented to the Investment Advisory Committee Overview of Main Portfolio Blended1 Core 2 60 60  10 30 Blended1 Core 2 4.28% 2.96% 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) 14% N/A  $           57,425,576  11% 100% 43,016,769$            52% 75% 211,820,277$          19% 75% 75,605,971$            4% 75% 16,766,281$            0% 25%‐$                           CORE PORTFOLIO INVESTMENTS 100% 404,634,874$          Fire Pension Portfolio 429,684$                  TOTAL CASH AND INVESTMENTS 405,064,557$          *Excluding Cash the portfolio distribution is 61% LGIP, 12.4% US Treasury, 21.8% Agency Securities and  4.8% CDs 0.123892905 By Institution Current % Blended Allowed by  Policy Current Portfolio (principal value)Maturity Date APY Weighted Yield Blended Current Principal  Balance Cash US Bank ‐ Cash 14% N/A 57,425,576 overnight 3.25% 0.46%57,425,576          US Treasury Securities* 421259A TREASURY 9,746,094               11/30/2025 1.01% 0.02% 423279A TREASURY 4,891,016               6/30/2027 3.83% 0.05% 323249A TREASURY 4,779,297               9/30/2024 5.11% 0.06% 423289B TREASURY 4,482,700               4/30/2028 3.85% 0.04% 423289C TREASURY 4,950,084               8/15/2028 3.86% 0.05% 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 52% 75% 211,820,277 4/1/2024 5.41% 2.83% 211,820,277          US Federal Agency Securities * 424279A TREASURY 4,969,922               1/15/2027 4.22% 0.05% 324299A FHLB 5,015,200               2/15/2029 4.10% 0.05% 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 FFCB 4,986,918               10/22/2026 3.96% 0.05% 323289A FHLB 2,062,040               3/10/2028 3.79% 0.02%#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% 123284A First Savings Bank Northwest 5,551,164 11/1/2028 4.50% 0.06% Fire Pension Portfolio* US Treasury Strip 429,684 Multiple 5.88% 0.00% 429,684                   Commercial Paper none 0.00% 5%‐                                N/A N/A N/A ‐                               405,064,557$         405,064,557$      75,605,971            75%19% Cash US Treasury Securities Local Government Investment Pool US Federal Agency Securities (GSE) Certificates of Deposit Commercial Paper 11% 100% 43,016,769             By Type Current March 31, 2024 Weighted Average Maturity excluding Fire Pension Duration allowed by Policy Current Duration (in months) Weighted Average Yield excluding Fire Pension 16,766,281             *Held in our safekeeping account at Principal Financial TOTAL CASH & INVESTMENTS 4% 20% Cash 14% US Treasury 11% LGIP 52% GSE's 19% 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 2.96% 4.28% 5.41%5.33% 4.59% How do we compare? (see Performance Measures) City of Renton Investment Portfoliodate: 3/31/2024Liquid 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 3/31/2024 4/1/2024 3.25% 0.00693170 0.21328 0.00693170 0.21328 57,425,576$                          3920State Investment Pool (excl RRFA)LGIPWA SIP‐‐1 3/31/2024 4/1/2024 5.41% 0.04253464 0.78672 0.04253464 0.78672 211,820,277$                       TOTALS 4.95% 1 269,245,853                         WAY days(Princ/Total)xYTM (Princ/Total)xDays to MaturityCore Portfoliofrom: 3/31/2024(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 Amount122244A First Savings Bank NW CD‐‐n/a 137 137 8/29/2022 8/15/2024 2.27% 100.00% 2.30% 0.00094993 5.65826 0.00094993 5.65826 5,591,721                              323249A TREASURY US TREASURY‐‐912828YH7 Aaa/AA+ 183 183 6/20/2023 9/30/2024 1.50% 95.59% 5.11% 0.00180313 6.45999 0.00180313 6.45999 4,779,297                              319249C FHLB AGENCY‐‐3130A3GE8 Aaa/AA+ 257 257 12/13/2019 12/13/2024 2.75% 105.65% 1.57% 0.00061259 10.02770 0.00061259 10.02770 5,282,650                              322259A FHLMC AGENCY‐‐3137EAEP0 Aaa/AA+ 318 318 6/15/2022 2/12/2025 1.50% 94.84% 3.55% 0.00124339 11.13802 0.00124339 11.13802 4,742,029                              421259B TREASURY US TREASURY‐‐912828ZW3 Aaa/AA+ 456 456 12/15/2021 6/30/2025 0.25% 97.22% 1.05% 0.00075421 32.74529 0.00075421 32.74529 9,722,266                              122254A First Savings Bank NW CD‐‐n/a 503 503 8/29/2022 8/16/2025 2.37% 100.00% 2.40% 0.00099684 20.89216 0.00099684 20.89216 5,623,397                              320259A FHLB AGENCY‐‐3130AJXA2 Aaa/AA+ 530 530 9/11/2020 9/12/2025 0.38% 99.80% 0.42% 0.00030593 39.06894 0.00030593 39.06894 9,980,200                              321259A FHLMC AGENCY‐‐3137EAEX3 Aaa/AA+ 541 541 8/23/2021 9/23/2025 0.38% 98.95% 0.64% 0.00023250 19.76968 0.00023250 19.76968 4,947,500                              421259A TREASURY US TREASURY‐‐91282CAZ4 Aaa/AA+ 609 609 10/27/2021 11/30/2025 0.38% 97.15% 1.01% 0.00072706 43.83938 0.00072706 43.83938 9,746,094                              323269A FHLB AGENCY 3130AUU36 Aaa/AA+ 712 712 3/28/2023 3/13/2026 4.20% 100.36% 3.99% 0.00147891 26.39031 0.00147891 26.39031 5,018,200                              322269B FNMA AGENCY‐‐3135G0K36 Aaa/AA+ 754 754 12/15/2022 4/24/2026 2.13% 94.45% 3.90% 0.00136131 26.30115 0.00136131 26.30115 4,722,663                              322269A FNMA AGENCY‐‐3135G0Q22 Aaa/AA+ 907 907 6/15/2022 9/24/2026 1.88% 93.45% 3.54% 0.00122166 31.30074 0.00122166 31.30074 4,672,300                              323269B FFCB AGENCY 3133EMEF5 Aaa/AA+ 935 935 5/22/2023 10/22/2026 0.50% 89.05% 3.96% 0.00145759 34.43978 0.00145759 34.43978 4,986,918                              424279A TREASURY US TREASURY 91282CJT9 Aaa/AA+ 1020 1020 2/9/2024 1/15/2027 4.00% 99.40% 4.22% 0.00154889 37.44262 0.00154889 37.44262 4,969,922                              423279A TREASURY US TREASURY 91282CEW7 Aaa/AA+ 1186 1186 5/23/2023 6/30/2027 3.25% 97.82% 3.83% 0.00138295 42.84501 0.00138295 42.84501 4,891,016                              323279A FFCB AGENCY 3133EPAU9 Aaa/AA+ 1200 1200 2/10/2023 7/14/2027 3.88% 99.50% 4.00% 0.00146997 44.09560 0.00146997 44.09560 4,975,050                              323279B FNMA AGENCY 31359YBE6 Aaa/AA+ 1324 1324 3/28/2023 11/15/2027 0.00% 83.82% 3.85% 0.00119183 40.98547 0.00119183 40.98547 4,191,075                              322279A FHLB AGENCY 3130ATUS4 Aaa/AA+ 1349 1349 11/23/2022 12/10/2027 4.25% 100.90% 4.05% 0.00150913 50.26653 0.00150913 50.26653 5,044,875                              323289A FHLB AGENCY 3130ATS57 Aaa/AA+ 1440 1440 5/22/2023 3/10/2028 4.50% 103.10% 3.79% 0.00057663 21.93189 0.00057663 21.93189 2,062,040                              423289A TREASURY US TREASURY 91282CBS9 Aaa/AA+ 1461 1461 5/23/2023 3/31/2028 1.25% 88.91% 3.77% 0.00123837 47.96993 0.00123837 47.96993 4,445,313                              423289B TREASURY US TREASURY 91282CBZ3 Aaa/AA+ 1491 1491 12/21/2023 4/30/2028 1.25% 89.65% 3.85% 0.00127478 49.36667 0.00127478 49.36667 4,482,700                              323289B FHLB AGENCY 3130AWC24 Aaa/AA+ 1531 1531 6/21/2023 6/9/2028 4.00% 99.91% 4.02% 0.00148330 56.48819 0.00148330 56.48819 4,995,350                              423289C TREASURY US TREASURY 9128284V9 Aaa/AA+ 1598 1598 12/21/2023 8/15/2028 2.88% 95.84% 3.86% 0.00141130 58.42597 0.00141130 58.42597 4,950,084                              123284A First Savings Bank NW CD‐‐n/a 1676 1676 11/2/2023 11/1/2028 4.40% 100.00% 4.50% 0.00184507 68.71865 0.00184507 68.71865 5,551,164                              324299A FHLB AGENCY 3130AYWP7 Aaa/AA+ 1782 1782 2/15/2024 2/15/2029 4.17% 100.30% 4.10% 0.00151881 66.01042 0.00151881 66.01042 5,015,200                              Core Portfolio2.96% 2.48 2.96% 2.48 135,389,021$                       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 Portfolio4.28% 0.83 4.28% 0.83 404,634,874$                       WAY yearsMV/(TotalxYTM) MV/(TotalxDays to Mat)/360Fire Pension Portfoliofrom: 3/31/2024(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 Basis4311 US TREAS STRIP 912803BD4‐‐375,000              Aaa229                 11/24/1997 11/15/2024 6.16% 0.01046286 38.89602 0.01046286 38.89602 72,983                                    4286 US TREAS STRIP 912803BF9‐‐1,186,000           Aaa502                 11/15/2003 8/15/2025 5.60% 0.04650740 416.73449 0.04650740 416.73449 356,701                                  Total Portfolio5.70% 1 0.00% 1 429,684$                               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 5,591,721$ 14,803,976$ 45,037,656$ 19,351,802$ 50,603,867$ 135,389,021$      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 5,591,721$ 14,803,976$ 45,037,656$ 19,351,802$ 50,603,867$ 135,389,021$      $5,591,721  $14,803,976  $45,037,656  $19,351,802  $50,603,867   $‐  $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) $5,591,721  $14,803,976  $45,037,656  $19,351,802  $50,603,867   $‐  $20,000,000  $40,000,000  $60,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities IF CALLED AT NEXT CALL (excluding Overnight and Pension Portfolio) Period Renton  CORE Renton  BLENDED SIP Fed Funds  Rate 2Y TREAS March 2019 1.98% 1.54%2.53%2.41% 2.41% June 2019 1.98% 1.53%2.51%2.38% 1.81% September 2019 1.98% 1.40%2.20%2.04% 1.65% December 2019 1.74% 1.38%1.77%1.55% 1.61% March 2020 1.85% 1.16%1.29%0.65% 0.45% June 2020 1.87% 0.73%0.37%0.08% 0.19% September 2020 1.48% 0.62%0.21%0.09% 0.13% December 2020 1.30% 0.53%0.16%0.09% 0.14% March 2021 0.88% 0.41%0.11%0.07% 0.15% June 2021 0.88% 0.41%0.08%0.08% 0.20% September 2021 0.84% 0.39% 0.09%0.08% 0.24% December 2021 0.84% 0.35%0.09%0.08% 0.68% March 2022 0.94% 0.45%0.23%0.20% 1.91% June 2022 1.16% 0.85%1.01%1.21% 3.00% September 2022 1.37%1.60%2.56%2.56%3.86% December 2022 1.56% 2.33%4.12%4.10%4.29% March 2023 1.91% 3.29%4.77%4.65%4.30% June 2023 2.31% 3.56%5.20%5.08% 4.64% September 2023 2.45% 3.67%5.39%5.33%5.02% December 2023 2.72% 3.92%5.43%5.33%4.46% March 2024 2.96% 4.28%5.41%5.33%4.59% Renton Cash & Investment (Blended) Portfolio Performance, 5 year trend "Blended" portfolio includes cash and State Investment Pool 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Renton CORE Renton BLENDED SIP Fed Funds Rate 2 Year Treasury Linear (Renton CORE) Fund Name Cash Investments Total C & I Cash Investments Total C & I% chg GENERAL 96,558,456$                                 ‐$                                  96,558,456$                  82,415,367$             ‐$                                  82,415,367$                17% COMMUNITY SERVICES 1,619,970$                                   ‐$                                  1,619,970$                    3,225,586$               ‐$                                  3,225,586$                   ‐50% STREETS 4,506,200$                                   ‐$                                  4,506,200$                    197,716$                  ‐$                                  197,716$                      2179% Museum 10,981$                                        ‐$                                  10,981$                          45,707$                     ‐$                                  45,707$                        ‐76% ECONOMIC DEVELOPMENT RESERVE 2,714,135$                                   ‐$                                  2,714,135$                    2,620,767$               ‐$                                  2,620,767$                   N/A LEASED CITY PROPERTIES 110,167$                                      ‐$                                  110,167$                        17,058$                     ‐$                                  17,058$                        546% SPECIAL HOTEL‐MOTEL TAX 977,242$                                      ‐$                                  977,242$                        786,167$                  ‐$                                  786,167$                      24% ONE PERCENT FOR ART 102,756$                                      ‐$                                  102,756$                        77,505$                     ‐$                                  77,505$                        33% CABLE COMM DEV FUND 374,469$                                      ‐$                                  374,469$                        472,498$                  ‐$                                  472,498$                      ‐21% HOUSING AND SUPPORTIVE SERVICES 11,975,377$                                 ‐$                                  11,975,377$                  7,240,148$               ‐$                                  7,240,148$                   65% SPRINGBROOK WETLANDS BANK 717,669$                                      ‐$                                  717,669$                        457,696$                  ‐$                                  457,696$                      57% POLICE SEIZURE 582,907$                                      ‐$                                  582,907$                        395,920$                  ‐$                                  395,920$                      47% POLICE SEIZURE CSAM 131,855$                                      ‐$                                  131,855$                        169,422$                  ‐$                                  169,422$                      ‐22% GEN GOVT MISC DEBT SERV 5,448,479$                                   ‐$                                  5,448,479$                    5,034,035$               ‐$                                  5,034,035$                   8% COMMUNITY DEVELOP IMPACT MITIG 732,957$                                      ‐$                                  732,957$                        1,649,092$               ‐$                                  1,649,092$                   ‐56% FIRE IMPACT MITIGATION 11,600$                                        ‐$                                  11,600$                          2,752,010$               ‐$                                  2,752,010$                   ‐100% TRANSPORTATION IMPACT MITIGATION 2,556,532$                                   ‐$                                  2,556,532$                    7,154,914$               ‐$                                  7,154,914$                   ‐64% REET 1 2,388,389$                                   ‐$                                  2,388,389$                    3,443,965$               ‐$                                  3,443,965$                   ‐31% REET 2 3,775,468$                                   ‐$                                  3,775,468$                    6,426,822$               ‐$                                  6,426,822$                   ‐41% RENTON SD IMPACT MITIGATION 28,093$                                        ‐$                                  28,093$                          24,298$                     ‐$                                  24,298$                        16% ISSAQUAH SD IMPACT MITIGATION 85$                                                ‐$                                  85$                                   ‐$                           ‐$                                   ‐$                               #DIV/0! KENT SD IMPACT MITIGATION ‐$                                               ‐$                                   ‐$                                 ‐$                           ‐$                                   ‐$                               0% MUNICIPAL FACILITIES CIP FUND 21,574,346$                                 ‐$                                  21,574,346$                  21,756,083$             ‐$                                  21,756,083$                ‐1% CAPITAL IMPROVEMENT FUND 14,476,153$                                 ‐$                                  14,476,153$                  15,484,517$             ‐$                                  15,484,517$                ‐7% Family First Center 3,685,633$                                   ‐$                                  3,685,633$                    1,279,749$               ‐$                                  1,279,749$                   188% General Funds 175,059,916$                              ‐$                                 175,059,916$                163,127,041$          ‐$                                 163,127,041$              7% AIRPORT 6,103,082$                                   ‐$                                  6,103,082$                    2,962,802$               ‐$                                  2,962,802$                   106% AIRPORT CAPITAL IMPROVEMENT FUND 5,630,683$                                   ‐$                                  5,630,683$                    6,244,830$               ‐$                                  6,244,830$                   ‐10% Airport Funds 11,733,766$                                ‐$                                 11,733,766$                  9,207,632$               ‐$                                 9,207,632$                  27% MUNICIPAL GOLF COURSE SYSTEM FUND 1,649,017$                                   ‐$                                  1,649,017$                    1,408,245$               ‐$                                  1,408,245$                   17% MUNICIPAL GOLF COURSE SYSTEM CIP FUND 439,273$                                      ‐$                                  439,273$                        449,150$                  ‐$                                  449,150$                      ‐2% Golf Course Funds 2,088,290$                                   ‐$                                 2,088,290$                    1,857,395$               ‐$                                 1,857,395$                  12% SOLID WASTE UTILITY 4,501,981$                                   ‐$                                  4,501,981$                    5,134,071$               ‐$                                  5,134,071$                   ‐12% WATER OPERATIONS FUND 16,003,353$                                 ‐$                                  16,003,353$                  13,654,081$             ‐$                                  13,654,081$                17% WASTEWATER OPERATIONS FUND 8,525,626$                                   ‐$                                  8,525,626$                    6,452,721$               ‐$                                  6,452,721$                   32% SURFACE WATER OPERATIONS FUND 15,722,535$                                 ‐$                                  15,722,535$                  17,035,327$             ‐$                                  17,035,327$                ‐8% KING COUNTY METRO MITIGATION 6,481,647$                                   ‐$                                  6,481,647$                    6,221,077$               ‐$                                  6,221,077$                   4% WATER CIP FUND 37,403,123$                                 ‐$                                  37,403,123$                  35,403,614$             ‐$                                  35,403,614$                6% WASTEWATER CIP FUND 18,706,256$                                 ‐$                                  18,706,256$                  17,652,696$             ‐$                                  17,652,696$                6% SURFACE WATER CIP FUND 11,637,424$                                 ‐$                                  11,637,424$                  13,806,495$             ‐$                                  13,806,495$                ‐16% WATER WORKS RATE STABLIZATION 17,811$                                        ‐$                                  17,811$                          17,198$                     ‐$                                  17,198$                        4% Utility Funds 118,999,757$                              ‐$                                 118,999,757$                115,377,279$          ‐$                                 115,377,279$              3% EQUIPMENT RENTAL 19,163,055$                                 ‐$                                  19,163,055$                  14,134,407$             ‐$                                  14,134,407$                36% INFORMATION SERVICES 9,099,378$                                   ‐$                                  9,099,378$                    8,442,009$               ‐$                                  8,442,009$                   8% FACILITIES 1,413,188$                                   ‐$                                  1,413,188$                    1,162,709$               ‐$                                  1,162,709$                   22% COMMUNCIATIONS 748,908$                                      ‐$                                  748,908$                        515,577$                  ‐$                                  515,577$                      45% INSURANCE FUND 24,698,768$                                 ‐$                                  24,698,768$                  23,516,518$             ‐$                                  23,516,518$                5% HEALTH INSURANCE FUND 9,613,231$                                   ‐$                                  9,613,231$                    7,752,453$               ‐$                                  7,752,453$                   24% LEOFF1 RETIREES HEALTHCARE 20,383,411$                                 ‐$                                  20,383,411$                  20,223,787$             ‐$                                  20,223,787$                1% FIREMEN'S PENSION 8,810,188$                                  429,684$                         9,239,872$                    8,183,662$              510,740$                         8,694,402$                   6% SPECIAL DEPOSITS 1,645,841$                                   ‐$                                  1,645,841$                    1,928,113$               ‐$                                  1,928,113$                   ‐15% Stand Alone Funds 95,575,968$                               429,684$                         96,005,652$                  85,859,236$            510,740$                         86,369,976$                11% CUSTODIAL FUND 961,506$                                      ‐$                                  961,506$                        321,462$                  ‐$                                  321,462$                      199% PAYROLL CLEARING ACCOUNT 215,671$                                      ‐$                                  215,671$                        134,935$                  ‐$                                  134,935$                      60% SURPLUS BANK BALANCE (347,209,298)$                            347,209,298$                  ‐$                                (325,554,269)$        325,554,269$                  ‐$                               0% Accounting only funds (346,032,121)$                            347,209,298$                 1,177,177$                    (325,097,873)$        325,554,269$                 456,396$                       Grand Total: 57,425,576$                               347,638,982$                 405,064,557$                50,330,712$            326,065,009$                 376,395,720$              8% % chg US Treasury 43,016,769$                   12%US Treasury 19,468,359$                   7% 121% SIP 211,820,277$                 61%SIP 154,034,649$                 58% 38% GSE's 75,605,971$                   22%GSE's 69,371,478$                   26% 9% CD's 16,766,281$                   5%CD's 21,683,176$                   8%‐23% Total 347,209,298$                86%Total 264,557,662$                70%31% (of total)(of total) (2024 v 2023) Fund 901 Summary Fund 901 Summary compare to last year April 1, 2023March 31, 2024 Cash & Investments by Fund First Financial Northwest Bank            151,767,933 92,953,845        61% 16,766,281           11.05% 6.4% $                          ‐    Total 16,766,281$        Total ‐$                        First Financial Northwest Bank            149,203,757 85,356,316        57% 16,766,281           11.24% 2.4% $                 83,105  Union Bank (from Frontier Bank) n/a n/a n/a ‐                         n/a n/a ‐                           Total 16,766,281$        Total ‐$                        First Financial Northwest Bank            149,068,764 81,774,740        55% 16,683,176           11.19% 0.0% $                          ‐    Total 16,683,176$        Total ‐$                        First Financial Northwest Bank            149,068,764 81,774,740        55% 16,683,176           11.19% 2.9% $                          ‐    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 September 2023 through November 2023 updated through December 18, 2023 CHANGE since last report Depository  WA Proportional Net  Worth  9/30/2023   Total WA Deposits 11/30/2023  % public (PDPC limit 150%) Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report June 2023 through August 2023 updated through September 18, 2023 CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2023   Total WA Deposits 5/31/2023  % 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  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 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 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  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 March 2021 through May 2021 updated through June 23,2021 PDPC Report December 2020 through February 2021 updated through March 22,2021 PDPC Report September 2020 through November 2020) report updated through December 17, 2020 PDPC Report January 2024 through March 2024 updated through May 8, 2024 CHANGE since last report Depository  WA Proportional Net  Worth  3/31/2024   Total WA Deposits 03/31/2024  % 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 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  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 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%) Deposits % of net worth (PDPC limit 100%) % public   City of Renton  Deposits