HomeMy WebLinkAbout#03 - 3rd Quarter Financial Reports
STAFF REPORT
DATE: November 19, 2019
CONSENT
TO: City Council
FROM: Sue Iverson – Finance Director
AGENDA ITEM: Accept 3rd Quarter Financial Reports
BACKGROUND:
The City of Lake Elmo has fiduciary authority and responsibility to conduct normal business operations
and report the unaudited financial information to the City Council on a regular basis.
ISSUE BEFORE THE CITY COUNCIL:
1) Does the City Council have any questions regarding the attached 3rd Quarter Financial information?
DISCUSSION:
As part of informing the City Council and community on the financial position of the City, attached are the
Budget-to-Actual reports for the 3rd quarter of 2019.
The Budget vs. Actual for 3rd quarter 2019 is attached with explanations alongside line items to explain
variances from the budget. This format aligns with the budget worksheets used during the 2019 budget
cycle.
Please note that revenue figures are low on property taxes and utilities do to timing of when the revenue is
received. Taxes are only received in July for those collected in May, December for those collected in
October, and a clean-up payment for any delinquent taxes collected by the end of December in January of
the next year. Utilities are billed quarterly so the report will only reflect payments for previous billings of
1st and 2nd quarter bills as 3rd quarter was mailed in October, Storm Water is billed annually in January for
the previous year.
Expenditures reflect a combination of ongoing expenses and items that are one-time payments per year.
Budgeted transfers will be done in July to divide the interest income equally among the funds (6 months
each).
The Finance Committee has reviewed the reports and recommends approval to the City Council.
FISCAL IMPACT:
N/A
RECOMMENDATION:
If removed from the consent agenda:
Motion to recommend approval of the 3rd Quarter Financial Reports.
ATTACHMENTS:
1) 3rd Quarter Budget-to-Actual Reports
City of Lake Elmo
Investment Portfolio Analysis
September 30, 2019
Brokerage Last Purch
Date Maturity Date Next Call Date
Ave
Maturity Rating Type CUSIP Investment Descriptions Category
Total Concentration Face/Cost Yield to
Maturity
Annualized
Cost Yield Amount Market Value
Interest
Earned YTD
Accrued
Interest
4M Fund 8/16/2018 30 Days N/A MM MN Municipal Liquid Asset Fund 5%387,125.47 1.830%7,084.40 387,125.47 5,329.07
4M Fund 8/16/2018 90 Days N/A MM MN Municipal PLUS Fund 28%2,004,902.80 1.910%38,293.64 2,004,902.80 40,922.30
3/28/2019 7/31/2019 125 Days N/A MM 4M Term Series Pool-4 Month 0%- 2.400%- - 2,054.80
3/28/2019 9/26/2019 182 Days N/A MM 4M Term Series Pool-6 Month 0%- 2.450%- - 3,054.12
8/9/2019 11/29/2019 112 Days N/A MM 4M Term Series Pool-3 Month 4%250,000.00 1.900%4,750.00 250,000.00 -
First Resource Bank 10/17/2018 30 Days N/A MM FRB Money Market Plus 57%4,062,486.65 2.100%85,312.22 4,062,486.65 46,517.97
Lake Elmo 10/17/2018 30 Days N/A MM Money Market Sweep Account 5%350,732.11 1.500%5,260.98 350,732.11 9,791.17
Lake Elmo N/A N/A Checking Lake Elmo Bank Checking Account 0%- 0.000%- - -
Wells Fargo Advisors 30 Days N/A MM Wells Fargo Avd. 100% Treasury MM Fund 0%16,963.59 1.300%220.53 16,963.59 1,427.21
Northland Securities 30 Days N/A MM Northland Securities MM Fund 0%2,180.91 1.290%28.13 2,180.91 1,207.44
-
Sub Total Cash Accounts 30%7,074,391.53 1.992%140,949.90 7,074,391.53 110,304.08 -
-
Wells Fargo Advisors 11/17/2016 11/17/2022 2/17/2019 6 Yr AA+Agency 3130A9T68 FHLB - Multi Stepup Callable 1%222,142.50 3.540%7,863.84 225,036.00 2,250.00
Wells Fargo Advisors 10/27/2016 10/27/2023 4/27/2019 7 Yr Aaa/AA+/AAA Agency 3134GAUG7 FHLMC-Step med Term Nte Callable 5%755,780.00 2.610%19,725.86 775,139.50 7,750.00
Wells Fargo Advisors 2/22/2019 2/22/2024 8/22/2019 5 Yr Aaa/AA+/AAA Agency 3134GSX34 FHLMC-Step med Term Nte StepUp Callable 0%- 3.424%- 2,250.00
Wells Fargo Advisors 8/28/2019 9/6/2022 12/6/2019 3 Yr AAA/AA+Agency 3133EKJ80 FFCB Callable 3%445,000.00 2.030%9,033.50 444,474.90 -
Wells Fargo Advisors 9/6/2019 9/6/2022 12/6/2019 3 Yr AAA/AA+Agency 3133EKJ80 FFCB Callable 1%245,000.00 2.030%4,973.50 244,710.90 (69.08)
Wells Fargo Advisors 8/26/2015 8/26/2019 N/A 4 Yr N/A CD 14042E5Y2 Capital One NA, McLean, VA 0%- 2.100%- 1,582.80
Wells Fargo Advisors 10/2/2014 10/2/2019 N/A 5 Yr N/A CD 02587CBR0 American Express Bank FSB, Salt Lake City, UT 1%100,863.00 2.150%2,168.55 100,000.00 1,072.05
Wells Fargo Advisors 10/16/2014 10/16/2019 N/A 5 Yr N/A CD 140420QF0 Capital One Bank USA NA, Glenn Allen, VA 1%100,850.00 2.150%2,168.28 100,007.00 1,072.05
Wells Fargo Advisors 1/30/2015 1/30/2020 N/A 5 Yr N/A CD 02587DXE3 American Exp Cent Bk, Salt Lake City, UT 1%145,427.75 1.950%2,835.84 145,043.50 2,827.50
Wells Fargo Advisors 8/11/2017 8/11/2020 8/11/2020 3 Yr N/A CD 88241TBU3 Texas Axchange Bank, Crowley, Tx 0%1.900%- 3,494.46
Wells Fargo Advisors 8/26/2015 8/26/2020 N/A 5 Yr N/A CD 14042E6A3 Capital One NA, McLean, VA 1%126,325.00 2.350%2,968.64 125,572.50 2,937.50
Wells Fargo Advisors 2/16/2018 2/18/2020 N/A 2 Yr N/A CD 410493CW8 Hanmi Bank, Los Angeles, CA 1%245,000.00 2.200%5,390.00 245,316.05 4,046.18
Wells Fargo Advisors 2/22/2018 2/24/2020 2/24/2020 2 Yr N/A CD 552249BJ2 Lyons Natl Bank, Lyons, NY 1%245,000.00 2.200%5,390.00 245,335.65 5,390.00
Wells Fargo Advisors 10/17/2018 2/19/2019 N/A 5 Mo N/A CD 98970L2J1 ZB Natl Assoc, Salt Lake City, UT 0%0.00 2.150%- 1,803.94
Wells Fargo Advisors 10/17/2018 4/17/2019 N/A 6 Mo N/A CD 795450X26 Sallie Mae Bank, Salt Lake City, UT 0%0.00 2.300%- 2,809.78
Wells Fargo Advisors 5/2/2019 5/3/2021 6/2/2019 2 Yr N/A CD 59101LGG6 Metabank, Sioux Falls, SD 0%0.00 2.450%- 1,512.96
Wells Fargo Advisors 8/7/2019 8/9/2021 11/7/2019 2 Yr N/A CD 391414BG3 Great Western Bk, Watertown, SD 1%245,000.00 2.050%5,022.50 245,029.40 426.57
Wells Fargo Advisors 10/17/2018 4/17/2019 N/A 6 Mo N/A CD 919853BQ Valley Natl Bank, Wayne, NJ 0%0.00 2.250%- 2,748.70
Wells Fargo Advisors 10/19/2018 4/22/2019 N/A 6 Mo N/A CD 46176PJX4 Investors Bank, Short Hills, NJ 0%0.00 2.500%- 2,794.01
Wells Fargo Advisors 10/25/2018 4/25/2019 11/25/2018 6 Mo N/A CD 69912SGG9 Paragon Bank, Memphis, TN 0%0.00 2.250%- 1,827.42
Wells Fargo Advisors 10/26/2018 4/26/2019 11/26/2018 6 Mo N/A CD 06424QDL8 Bank of Missouri, Perryville, MO 0%0.00 2.250%- 1,827.42
Wells Fargo Advisors 10/30/2018 4/30/2019 N/A 6 Mo N/A CD 58958PFA7 Meridian Bank, Paoli, PA 0%0.00 2.250%- 2,748.70
Wells Fargo Advisors 10/31/2018 4/30/2019 N/A 6 Mo N/A CD 133033DX5 Camden Natl Bank, Camden, ME 0%0.00 2.250%- 2,733.60
Wells Fargo Advisors 10/19/2018 10/19/2020 4/19/2019 2 Yr N/A CD 48128FZK1 JP morgan Chase Bank, Columbus, OH 1%245,000.00 3.000%7,350.00 245,071.05 3,664.93
Wells Fargo Advisors 10/26/2018 10/26/2020 4/26/2019 2 Yr N/A CD 20451PVW3 Compass Bank, Birmingham, AL 1%245,000.00 3.000%7,350.00 248,104.15 3,664.93
Wells Fargo Advisors 11/15/2018 11/16/2020 12/15/2018 2 Yr N/A CD 20033AN77 Comenity Capital Bank, Salt Lake City, UT 1%245,000.00 3.050%7,472.50 248,415.30 5,609.09
Wells Fargo Advisors 4/26/2019 10/27/2020 10/26/2019 18 mo N/A CD 46176PKZ7 Investors Bank, Short Hills, NJ 1%245,000.00 2.400%5,880.00 246,555.75 -
Wells Fargo Advisors 11/21/2018 11/23/2020 12/21/2018 2 Yr N/A CD 90348JFW5 UBS Bank USA, Salt Lake City UT 1%245,000.00 3.100%7,595.00 248,613.75 5,701.43
Wells Fargo Advisors 11/28/2018 11/30/2020 12/28/2018 2 Yr N/A CD 947547KM6 Webbank, Salt Lake City, UT 0%0.00 3.100%- 4,411.33
Wells Fargo Advisors 11/9/2018 2/9/2021 12/1/2018 15 Mo N/A CD 538036DX9 Live Oak Banking Co, Wilmington, NC 1%245,000.00 3.000%7,350.00 248,942.05 5,517.56
Wells Fargo Advisors 11/15/2018 2/16/2021 12/15/2018 3 Yr N/A CD 02769QCP2 American Natl Bank, MN Baxter, MN 1%245,000.00 3.000%7,350.00 248,995.95 5,517.56
Wells Fargo Advisors 4/17/2019 4/19/2021 5/17/2019 2 Yr N/A CD 359067CW3 Frontier Bank IA, Rock Papics, IA 1%245,000.00 2.450%6,002.50 245,058.80 2,516.12
Wells Fargo Advisors 4/17/2019 4/19/2021 10/17/2019 2 Yr N/A CD 7954502G9 Sallie Mae Bank, Salt Lake City, UT 1%245,000.00 2.450%6,002.50 247,425.50 -
Wells Fargo Advisors 10/18/2018 10/18/2021 4/18/2019 3 Yr N/A CD 02007GFP3 Ally Bank, Sandy, UT 1%245,000.00 3.100%7,595.00 251,377.35 3,787.10
Wells Fargo Advisors 10/24/2018 10/25/2021 4/24/2019 3 Yr N/A CD 06740KMM6 Barclays Bank, Wilmington, DE 1%245,000.00 3.100%7,595.00 251,433.70 3,787.10
Wells Fargo Advisors 10/26/2018 10/26/2021 4/26/2019 3 Yr N/A CD 1732QU72 Citibank NA, Sioux Falls, SD 1%245,000.00 3.150%7,717.50 251,690.95 3,848.18
Wells Fargo Advisors 10/31/2018 10/29/2021 11/30/2018 3 Yr N/A CD 06607ABL4 Bank Champaign NA, Champaign, IL 0%0.00 3.150%- 3,827.05
Wells Fargo Advisors 6/17/2019 11/17/2021 7/16/2019 29 mo N/A CD 204161BC6 Community Bank TX NA, Beaumount, TX 1%245,000.00 2.400%5,880.00 248,060.05 1,465.98
Wells Fargo Advisors 6/28/2019 12/28/2021 12/28/2019 2.5 Yr N/A CD 33847E2N6 Flagstar Bank FSB, Troy, MI 1%245,000.00 2.350%5,757.50 247,935.10 -
Wells Fargo Advisors 4/12/2019 4/12/2022 5/12/2019 3 Yr N/A CD 319461BW8 First Choice Bank, CA 1%245,000.00 2.450%6,002.50 245,144.55 2,516.12
Wells Fargo Advisors 7/5/2019 7/5/2022 8/5/2019 3 Yr N/A CD 99000QLA0 Commenity Bank, Wilmington, DE 1%200,000.00 2.150%4,300.00 199,730.00 730.42
Wells Fargo Advisors 7/30/2019 7/29/2022 10/30/2019 3 Yr N/A CD 35471YFE7 Franklin Synergy Bank, Franklin, TN 1%245,000.00 2.150%5,267.50 245,044.10 894.76
Wells Fargo Advisors 11/9/2018 11/9/2023 12/9/2018 5 Yr N/A CD 59013J4V8 Merrick Bank 1%245,000.00 3.550%8,697.50 245,423.85 5,790.38
Wells Fargo Advisors 11/30/2018 11/30/2023 12/30/2018 5 Yr N/A CD 15118RQF7 Celtic Bank 0%0.00 3.500%- 5,052.83
Wells Fargo Advisors 12/14/2018 10/14/2020 6/14/2019 1.75 Yr N/A CD 43733LBE6 Home Savings Bank UT, Salt Lake City, UT 1%245,000.00 3.000%7,350.00 248,035.55 3,664.93
Wells Fargo Advisors 7/27/2016 7/27/2023 4/27/2018 7 Yr AA+/AAA Agency 3136G3YV1 FNMA Step-Up 1%191,368.00 1.250%2,392.10 199,430.00 2,750.00
Wells Fargo Advisors 10/12/2017 10/13/2020 N/A 3 Yr N/A CD 254673EH5 Discover Bank, Greenwood, DE 1%245,000.00 2.295%5,622.75 245,374.85 2,382.21
Wells Fargo Advisors 12/30/2016 12/30/2021 N/A 5 Yr N/A CD 949763DU7 Wells Fargo Bank, Sioux Falls, SD 1%216,100.80 2.650%5,726.67 216,879.10 3,550.77
Wells Fargo Advisors 10/13/2017 10/13/2022 N/A 5 Yr N/A CD 87164YSN5 Synchrony Drapper, UT 1%125,000.00 2.558%3,197.50 126,972.50 1,464.73
Wells Fargo Advisors 4/3/2019 4/3/2023 10/3/2019 4 Yr N/A CD 38148P5V5 Goldman Sachs Bk USA, New York NY 1%245,000.00 2.750%6,737.50 252,614.60 -
Wells Fargo Advisors 9/21/2018 9/21/2021 N/A 3 Yr N/A CD 05580APC2 bmw Salt Lake City UT 1%245,000.00 3.082%7,550.90 250,693.80 7,350.00
Wells Fargo Advisors 1/4/2019 1/4/2024 N/A 5 Yr N/A CD 856285NR8 State Bank of India 1%245,000.00 3.550%8,697.50 261,731.05 4,313.01
Wells Fargo Advisors 1/10/2019 1/10/2022 N/A 3 Yr N/A CD 61760ATY5 Morgan Stanley Private Bank 1%245,000.00 3.050%7,472.50 251,796.30 3,705.54
Wells Fargo Advisors 1/28/2019 1/28/2022 N/A 4 Yr N/A CD 05581WK53 BMO Harris Bank 0%- 3.000%- 3,644.80
Wells Fargo Advisors 2/22/2019 2/22/2024 8/22/2019 5 Yr N/A CD 87270LBU6 TIAA FSB, Jacksonville, FL 1%245,000.00 3.000%7,350.00 256,436.60 3,644.79
Wells Fargo Advisors 8/14/2019 8/14/2024 2/14/2020 5 Yr N/A CD 05581WZ24 BMO Harris Bank, NA Multistep-up, Callable 1%245,000.00 2.535%6,210.75 245,137.20 -
-
Northland Securities 4/6/2016 4/6/2021 N/A 5 Yr N/A CD 140420XR6 Capital One - Glen Allen 1%140,001.40 1.740%2,436.02 140,208.60 1,186.74
Northland Securities 4/21/2016 10/21/2022 4/21/2018 5 Yr N/A CD 40434AT90 HSBC Bank, MCLean, VA 1%237,374.40 2.000%4,747.49 239,968.80 2,393.42
Northland Securities 12/28/2017 12/30/2019 N/A 2 Yr N/A CD 61747ME31 Morgan Stanley Bank, Salt Lake, Utah 1%240,000.00 2.100%5,040.00 240,122.40 2,513.10
Northland Securities 11/27/2018 11/27/2028 11/27/2019 10 Yr Aaa/AA+Agency 3130AFG76 FHLB Fixed Rate QP-2028, Callable 3%500,000.00 4.040%20,200.00 501,040.00 10,100.00
Northland Securities 6/17/2019 6/17/2027 12/17/2019 8.5 Yr Aaa/AA+Agency 3130AGLF0 FHLB Fixed Rate 1R-2027, Callable 2%250,000.00 2.940%7,350.00 250,222.50 -
Northland Securities 6/12/2019 6/12/2028 12/12/2019 9 Yr Aaa/AA+Agency 3130AGL86 FHLB Fixed Rate RD-2028, Callable 2%250,000.00 3.050%7,625.00 250,225.00 -
Northland Securities 4/1/2019 4/1/2026 7/1/2019 7 Yr Aaa/AA+Agency 3130AG5E1 FHLB Fixed Rate RS-2026, Callable 0%- 3.070%- 2,302.50
Northland Securities 2/28/2018 5/28/2021 2/28/2019 3 Yr Aaa/AA+Agency 3134GSFP5 FHLMC-Med Term NTS-Callable 0%- 2.600%- 3,257.00
Northland Securities 10/17/2018 10/17/2024 1/17/2019 6 Yr Aaa/AA+Agency 3134GSZB4 FHLMC Med Term NTS, Callable 0%3.531%- 1,786.11
Northland Securities 7/27/2016 7/27/2021 1/27/2017 5 Yr Aaa/AA+Agency 3136G3A70 FNMA-Med Term NTS Callable 2%367,460.00 1.500%5,511.90 377,860.60 5,700.00
Northland Securities 12/19/2018 10/16/2024 10/16/2019 6 Yr Aaa/AA+Agency 3133EJG78 FFCD4731845 - Callable 2%303,411.00 3.544%10,752.89 300,144.00 5,460.00
Northland Securities 12/19/2018 12/3/2026 6/3/2019 8 Yr Aaa/AA+Agency 3130AFH26 FHLN4772485 - Callable 0%- 3.830%- 7,076.67
Northland Securities 12/26/2018 12/26/2025 3/26/2019 7 Yr AA+Agency 3133EJ3W7 FFCB Cons Sywide Bds, Callable 0%- 3.730%- 2,828.58
Northland Securities 12/27/2018 12/27/2023 12/27/2019 5 Yr Aaa/AA+Agency 3134GSM93 FMCC4779445 - Callable 2%300,900.00 3.255%9,794.30 300,978.00 4,980.00
Northland Securities 2/4/2019 2/4/2028 2/4/2020 9 Yr Aaa/AA+Agency 3133EJ6U8 FFCB-Callable 3%450,000.00 3.650%16,425.00 451,872.00 8,212.50
Northland Securities 8/20/2019 2/20/2025 8/20/2020 5.5 Yr Aaa/AA+Agency 3133EKC95 FFCB-Callable 1%200,000.00 2.190%4,380.00 200,040.00 -
Northland Securities 2/20/2019 11/20/2024 5/20/2019 5 Yr Aaa/AA+Agency 3133EKBE5 FFCB-Callable 0%- 3.170%- 2,377.50
Northland Securities 4/2/2019 4/2/2029 4/2/2020 10 Yr Aaa/AA+Agency 3133EKFC5 FFCB-Callable 2%300,000.00 3.300%9,900.00 200,608.00 -
Northland Securities 4/3/2019 4/3/2025 4/3/2020 6 Yr Aaa/AA+Agency 3133EKFV3 FFCB-Callable 1%199,800.00 2.798%5,590.40 301,062.00 -
Northland Securities 7/1/2019 10/1/2025 10/1/2019 6.25 Yr AA+Agency 3133EKSZ0 FFCB-Callable 1%150,000.00 2.798%4,197.00 150,004.50 -
Northland Securities 7/2/2019 7/2/2026 10/2/2019 7 Yr AA+Agency 3133EKTK2 FFCB-Callable 1%150,000.00 2.730%4,095.00 150,006.00 -
Northland Securities 6/20/2019 6/1/2024 N/A 5 Yr Aa3 Muni 263868FQ9 Dubuque Iowa Taxable GO 2019B 1%113,841.20 3.000%3,415.24 114,607.90 -
Northland Securities 4/24/2019 10/1/2022 N/A 3.5 Yr Aa1/AA+Muni 419792NH5 Hawaii St Taxable GO 2016FJ 1%235,355.35 2.550%6,001.56 240,201.60 -
Northland Securities 5/2/2019 12/1/2023 N/A 4.5 Yr SS Muni 435164SG4 Holland Mich LTD Tax GO Bds 2015 2%259,391.67 2.550%6,614.49 262,977.50 3,900.00
Northland Securities 5/20/2019 3/1/2029 3/1/2028 10 Yr Aa1/AA+Muni 442331-3E-2 Houston Tex Taxable Pen Oblg Bnd 2017 1%126,701.38 3.054%3,869.46 132,890.40 2,175.00
Northland Securities 6/27/2019 12/1/2028 12/1/2026 9.5 Yr AA Muni 560058R35 Mahoning Co Ohio GO Taxable Ref 2016 1%204,946.23 2.664%5,459.77 207,624.00 -
Northland Securities 8/9/2019 6/1/2029 10 Yr Aaa/AAA Muni 774221FX8 Rockville MD Taxable GO Ref Bds 2018 2%281,202.10 2.300%6,467.65 282,861.00 (176.67)
Northland Securities 6/18/2019 6/1/2023 N/A 4 Yr Aa2 Muni 941647ZZ5 Waterloo Iowa GO Black Hawk Co 2019B 1%100,749.00 2.400%2,417.98 102,453.00 -
Northland Securities 4/1/2019 10/1/2021 N/A 2.5 Yr Aa1/AA+Muni 958522XM1 Western Superior San Dist MN Taxable GO 1%198,790.00 2.401%4,772.95 200,680.00 -
Northland Securities 12/24/2018 2/1/2021 N/A 2.5 Yr AAA/AA Muni 963439YA6 White Bear Lake Dist 624 GO Tax OPEB 2008A 1%212,474.22 2.900%6,161.75 208,126.00 10,000.00
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4M Fund 8/16/2018 1/16/2019 N/A 5 Mo N/A CD 259435-1 Landmark Community Bank 0%- 2.141%- 2,222.50
4M Fund 8/16/2018 1/16/2019 N/A 5 Mo N/A CD 259436-1 Pacific Western Bank 0%- 2.081%- 2,161.85
4M Fund 8/16/2018 1/16/2019 N/A 5 Mo N/A CD 259437-1 Fieldpoint Private Bank & Trust 0%- 2.081%- 2,161.58
4M Fund 8/16/2018 2/15/2019 N/A 6 Mo N/A CD 259432-1 Bank 7 0%- 2.261%- 2,801.12
4M Fund 8/16/2018 2/15/2019 N/A 6 Mo N/A CD 259433-1 Texas Capital Bank 0%- 2.261%- 2,801.12
4M Fund 8/16/2018 2/15/2019 N/A 6 Mo N/A CD 259434-1 Western Alliance Bank/Torrey Pines Bank 0%- 2.211%- 2,740.28
4M Fund 8/27/2019 3/26/2020 N/A 1 Yr N/A CD Bank of China 1%243,400.00 2.689%6,545.03 243,400.00 -
4M Fund 8/27/2019 3/26/2020 N/A 1 Yr N/A CD Servisfirst Bank 1%243,500.00 2.649%6,450.32 243,500.00 -
4M Fund 11/7/2018 5/1/2021 N/A 2.5 Yr Aa1 Muni 091582TF3 Bismarck Refunding Improvement B 2%344,874.47 3.050%10,518.67 343,801.20 6,800.00
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Sub Total Fixed Rate Instruments 70%16,338,029.47 2.716%443,753.53 16,501,273.90 258,371.11 -
Sub Total Zero Coupon Instruments (Cost)0%- 0.000%- - - -
Zero Instruments Interest Accrual -
Zero Instruments Book Carrying Value - - - - -
Total Investments 23,412,421.00 2.497%584,703.43 23,575,665.43 368,675.19 -
= callable
Overall Annualized Rate of Return 2.497%Interest Rec'd in Current Year 368,675.19
Annualized Rate of Return w/o Money Market 2.716%Prior Year Interest Rec'd in Current Year 61,828.10
Current Year Interest Rec'd Next Year -
Benchmark - 4M Plus Rate 1.910%Total Current Year Interest Income 306,847.09