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2018 FINANCE COMMITTEE INVESTMENTS Month 5 May
INVESTMENTS BY DISTRICT 3/31/2018 5/31/2018 $ Up/(Down) from$ Up/(Down) from Year to Date
FUND NAME TOTAL 3 TOTAL 5 Last Quarter Last Year AVERAGE
Treasurer's O&M 41,076.71 35,524.85 (5,551.86)2,627.57 39,051.85
County Roads 15,608.55 15,649.26 40.71 11,020.06 15,610.43
Public Infrastructure Fund 913,095.39 915,504.95 2,409.56 6,675.97 913,202.33
Solid Waste 1,912,012.33 1,984,419.73 72,407.40 505,890.05 1,939,508.11
Solid Waste Post Closure 55,132.43 55,276.38 143.95 (5,295.14)55,138.91
Solid Waste Equipment Reserve 854,852.97 857,102.46 2,249.49 10,673.33 854,958.05
Employee Benefit Reserve 647,588.69 667,697.61 20,108.92 50,424.53 648,470.84
JC Drainfield Trust 120,083.58 120,397.11 313.53 1,379.89 120,097.69
Cemetery District #3 General 42,699.27 42,810.76 111.49 655.94 42,704.29
Cemetery District #1 General 3,799.75 3,799.75 0.00 0.00 3,799.75
Cemetery District #2 General 138,240.45 138,366.20 125.75 818.71 138,214.56
Fire District #1 General 1,632,639.13 1,541,488.07 (91,151.06)28,156.68 1,820,153.19
Fire District #1 Bldg/Apparatus 222,803.07 303,309.76 80,506.69 171,021.10 254,841.53
Fire District #1 EMS 926,800.31 968,098.47 41,298.16 489,575.91 1,121,780.80
Fire District #1 EMS/Apparatus 1,140.87 1,145.19 4.32 (239,804.76)1,141.83
Fire District #2 General 416,515.72 542,131.24 125,615.52 316,832.49 442,733.22
Fire District #2 Cap Project 766,454.52 768,461.04 2,006.52 267,461.32 714,605.74
Fire District #2 EMS 92,220.55 148,005.73 55,785.18 147,325.64 105,499.04
Fire District #3 General 1,059,717.45 655,000.83 (404,716.62)32,013.76 835,863.14
Fire District #3 Reserve 882,555.04 883,355.06 800.02 203,205.36 882,591.06
Fire District #3 EMS 525,788.72 412,198.02 (113,590.70)88,192.90 453,224.41
Fire District #3 Cap Project 2008 2,226.27 2,915.63 689.36 (29,455.35)54,684.47
Fire District #4 General 93,701.92 183,886.04 90,184.12 82,006.86 121,476.13
Fire District #4 EMS 189,181.10 228,758.79 39,577.69 114,550.86 198,951.21
Fire District #5 General 7,915.93 42,474.99 34,559.06 28,041.25 17,744.49
Fire District #5 Project Fund 2016 505,322.65 506,642.03 1,319.38 (3,926.51)505,382.06
Fire District #5 EMS 8,106.19 12,476.62 4,370.43 (11,214.59)7,412.19
Park & Recreation #1 General 48,851.52 50,303.08 1,451.56 5,070.23 50,344.15
Hospital District #1 General 205,000.00 205,000.00 0.00 0.00 205,000.00
Hosp #2 LTGO Bond 2004 471,812.83 473,621.01 1,808.18 2,833.92 471,933.52
UTGO Hospital #2 Bond Ref 2002 78,952.35 79,158.49 206.14 2,739.13 78,961.63
Hospital District #2 Facilities and Equipment 245,459.63 246,100.52 640.89 2,982.55 245,488.48
Hospital District #2 Board Designated Cash 16,472,750.42 16,633,252.26 160,501.84 4,966,357.72 16,629,257.49
Hospital District #2 Community Health 88,727.77 88,959.44 231.67 1,078.11 88,738.20
Hospital District #2 Operating Reserves 1,613,932.90 1,618,268.71 4,335.81 20,003.00 1,614,132.67
Library District #1 General 153,302.00 153,302.00 0.00 0.00 153,302.00
Library District #1 Capital Reserve 1,801,738.80 1,805,773.93 4,035.13 744.02 1,873,004.35
Library District #1 Unemployment Reserve 196,070.31 196,582.24 511.93 10,118.90 196,093.36
Library District #1 Gift Account 53,828.22 53,968.76 140.54 654.04 53,834.55
Port Reserve 1,205,833.06 1,209,047.21 3,214.15 (394,070.34)1,205,982.30
PUD #1 General 5,866,875.79 5,866,875.79 0.00 0.00 5,866,875.79
PUD #1 Tax Revenue 1,925,000.00 1,925,000.00 0.00 0.00 1,925,000.00
PUD #1 Bond 1,095,165.77 1,098,075.75 2,909.98 13,401.65 1,095,301.35
PUD #1 Tri-Area Bond Reserve 173,648.07 174,101.45 453.38 2,109.95 173,668.48
PUD #1 LUD #11 Water Bond 1999 32,107.26 36,522.24 4,414.98 (53,157.60)31,887.68
PUD #1 LUD #11 Water Reserve 224,922.45 225,509.72 587.27 2,733.00 224,948.89
PUD #1 LUD #13 Bond 20,821.94 20,876.31 54.37 253.02 20,824.39
PUD #1 LUD #13 Water Reserve 12.59 12.63 0.04 0.16 12.59
PUD #1 LUD #15 Bond 2008 365,563.91 406,255.20 40,691.29 100,969.36 373,554.25
Page 2
INVESTMENTS BY DISTRICT 3/31/2018 5/31/2018 $ Up/(Down) from$ Up/(Down) from Year to Date
FUND NAME TOTAL 3 TOTAL 5 Last Quarter Last Year AVERAGE
PUD #1 LUD #14 Bond 2009 2,345,752.79 2,360,138.05 14,385.26 117,368.44 2,367,476.92
Olympic Area on Aging 939,718.37 610,576.77 (329,141.60)(276,810.45)798,565.87
O3A Unemployment Compensation 78,911.69 79,117.72 206.03 958.87 78,920.96
School District #20 General 49,321.41 54,354.47 5,033.06 34,038.87 51,546.12
School District #20 Building 80,453.14 72,393.35 (8,059.79)69,086.49 78,783.64
School District #20 Transportation 56,825.29 57,034.52 209.23 8,155.42 56,842.41
School District #46 General 292,181.73 376,201.73 84,020.00 128,245.00 318,359.73
School District #46 Building 9,415.36 9,439.92 24.56 (4,424.13)9,412.14
School District #46 Transportation 501.67 502.81 1.14 (86,044.57)359.92
School District #48 General 1,130,921.91 1,130,921.91 0.00 550,000.00 1,070,921.91
School District #48 Building 50,916.53 51,049.48 132.95 38,677.93 50,922.52
School District #48 UTGO 2010 Bond 522,932.59 593,044.15 70,111.56 171,143.48 534,007.81
School District #48 ASB 60,821.70 60,821.70 0.00 23,000.00 61,221.70
School District #48 Transportation 17,099.38 17,144.03 44.65 (34,962.19)17,101.34
School District #49 General 1,735,343.22 2,741,343.22 1,006,000.00 824,000.00 1,956,543.22
School District #49 Building 2,030,371.27 2,625,371.27 595,000.00 1,049,000.00 2,154,571.27
School District #49 ASB 108,208.00 103,208.00 (5,000.00)12,850.00 106,608.00
School District #49 Transportation 545,851.00 547,851.00 2,000.00 (214,140.00)546,171.00
School District #49 UTGO Ref Bond 2007 8,159.62 8,180.92 21.30 206.08 8,160.58
School District #50 General 846,000.00 1,446,000.00 600,000.00 816,000.00 981,200.00
School District #50 UTGO 2016 441,218.84 1,651,368.84 1,210,150.00 1,543,837.65 665,897.84
School District #50 Building 27,231,927.00 21,891,927.00 (5,340,000.00)(19,603,000.00)26,911,927.00
School District #50 UTGO Refg 2007 124,455.76 124,780.76 325.00 1,512.49 124,471.76
School District #50 ASB 340,200.00 330,200.00 (10,000.00)16,400.00 336,400.00
School District #50 Transportation 114,607.31 115,607.31 1,000.00 (55,592.69)115,007.31
Transit General 1,300,000.00 1,300,000.00 0.00 (433,515.00)1,249,041.22
Transit Capital 2,308,632.69 3,316,813.69 1,008,181.00 708,181.00 2,711,905.09
Water District #1 General 9,450.49 9,475.16 24.67 145.18 9,451.60
Water District #1 Meter Fund 19,375.02 19,425.60 50.58 222.63 19,377.29
Water District #2 General 500.00 500.00 0.00 0.00 500.00
Pt. Ludlow Drainage District General 100,000.00 100,000.00 0.00 100,000.00 100,000.00
Pt. Ludlow Drainage District Reserve 46,800.00 46,800.00 0.00 6,800.00 46,800.00
Treasurer's Cash 35,443,963.91 49,134,872.29 13,690,908.38 14,929,336.98 41,913,324.78
TOTAL INVESTMENT PORTFOLIO 122,808,494.84 135,589,928.98 12,781,434.14 7,394,352.13 130,338,788.38
TOTAL INVESTMENTS BY BANK
#BANK 1/31/2018 2/28/2018 3/31/2018 4/30/2018 5/31/2018
275 First Federal Bank 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00
310 Columbia/Sound Community Bank 5,966,148.87 5,966,148.87 5,966,227.75 5,966,227.75 5,966,227.75
520 Opus Bank 10,041,817.45 10,053,455.18 10,067,262.91 10,082,321.43 10,097,917.02
550 Kitsap Bank - - - - -
900 U.S. Government Securities 9,346,388.37 9,346,388.37 9,844,645.44 10,339,268.22 10,086,248.72
*999 State Investment Pool 100,239,860.36 100,051,422.27 93,930,358.74 106,896,070.95 106,439,535.49
TOTAL 128,594,215.05 128,417,414.69 122,808,494.84 136,283,888.35 135,589,928.98
*Includes Treasurer's Cash for May 18 - State Pool: $20,950,706.55
Includes Treasurer's Cash for April 18 - State Pool: $15,213,388.58
Includes Treasurer's Cash for March 18 - State Pool: $7,532,055.56
Includes Treasurer's Cash for February 18 - State Pool: $10,810,819.99
Includes Treasurer's Cash for January 18 - State Pool: $9,441,848.71
Certificate of Deposit,
8,966,227.75 , 6.61%
Public Interest Checking,
10,097,917.02 , 7.45%
US Agency Securities,
10,086,248.72 , 7.44%
Washington State Pool,
106,439,535.49 , 78.50%
Investment Summary
May 31, 2018
STATE INVESTMENT POOL RATES
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
January 5.2113%4.3596%1.2669%0.2864%0.2328%0.1213%0.1745%0.1112%0.1345%0.3868%0.6304%1.4286%
February 5.2768%3.7871%1.0689%0.2723%0.2189%0.1394%0.1650%0.1053%0.1347%0.4201%0.6304%1.4728%
March 5.2372%3.1375%1.0301%0.2245%0.2338%0.1367%0.1778%0.1137%0.1577%0.4484%0.6996%1.5742%
April 5.2260%2.6998%0.8905%0.2395%0.1718%0.1479%0.1667%0.1008%0.1431%0.4935%0.8291%1.7152%
May 5.1936%2.4281%0.6678%0.2709%0.1394%0.1443%0.1351%0.0922%0.1428%0.4241%0.8687%1.7949%
June 5.2068%2.2933%0.7396%0.3014%0.1583%0.1746%0.1233%0.0870%0.1691%0.4287%0.9794%
July 5.2053%2.2758%0.6507%0.2762%0.1561%0.1764%0.1197%0.1087%0.1449%0.4894%1.0733%
August 5.2265%2.3328%0.6036%0.2680%0.1723%0.1848%0.1231%0.1038%0.1561%0.4853%1.1100%
September 5.1232%2.3892%0.4703%0.2997%0.1688%0.1807%0.1233%0.1089%0.1871%0.5166%1.1285%
October 4.9108%2.4652%0.4164%0.2564%0.1127%0.1777%0.1260%0.0984%0.1865%0.4739%1.1380%
November 4.6985%2.1903%0.3300%0.2155%0.1480%0.1792%0.1161%0.0929%0.1676%0.4684%1.1560%
December 4.5607%1.8183%0.3347%0.2644%0.1305%0.2350%0.1278%0.1038%0.2529%0.5067%1.2752%
0.0000%
1.0000%
2.0000%
3.0000%
4.0000%
5.0000%
6.0000%
State Investment Pool Rates
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
No Activity in January or February 2018
0
200000
400000
600000
800000
1000000
1200000
1400000
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2018 AGENCY PORTFOLIO TRANSACTIONS
Matured
Called
Purchased
Treasury Principal Interest Purchase Maturity Poss. Call 2018 Annual
Type Amount Rate Date Date Date Interest
FFCB -$ 0.94%7/29/2015 3/19/2018 One-time call 1,645.00
FFCB -$ 1.106%11/23/2015 5/23/2018 Non-Call 7,537.50
FAMCA 500,000$ 1.30%12/6/2015 12/3/2018 Non-Call 6,500.00
FFCB 250,125$ 1.42%1/14/2016 12/28/2018 Continuous Call 3,550.00
FNMA 1,000,000$ 1.13%7/26/2016 7/26/2019 Quarterly Call 11,300.00
FNMA 1,000,000$ 1.20%10/25/2016 10/25/2019 Quarterly Call 12,000.00
FNMA 999,250$ 1.35%9/15/2016 9/15/2020 Quarterly Call 13,500.00
FNMA 999,750$ 1.70%1/31/2017 1/31/2020 Quarterly Call 17,000.00
FNMA 1,000,000$ 1.65%3/23/2017 1/17/2020 Quarterly Call 16,500.00
FHLB 1,000,000$ 2.00%9/15/2017 9/6/2022 Continuous Call 20,000.00
FAMCA 501,054$ 1.75%9/27/2017 6/15/2020 Non-Call 8,750.00
FAMCA 497,852$ 1.54%9/27/2017 10/15/2020 Non-Call 7,700.00
FHLB 249,975$ 2.13%3/21/2018 3/21/2019 Non-Call 2,656.25
FHLB 248,664$ 2.13%3/21/2018 3/13/2020 Non-Call 2,656.25
FFCB 350,000$ 2.38%3/27/2018 3/27/2020 Non-Call 4,156.25
FFCB 491,603$ 2.62%4/23/2018 1/30/2023 Non-Call 6,550.00
FHLB 988,943$ 2.25%5/25/2018 1/29/2021 One-time call 11,250.00
10,077,216$ 153,251.25
Bank Principal Interest Interest Purchase Maturity
Name Amount Rate Yield Date Date
First Federal 2,000,000$ 1.55%1.56%3/25/2014 03/25/19 ***
First Federal 1,000,000$ 1.53%1.54%3/26/2014 03/25/19 ***Sound Community Bank 1,500,000$ 1.19%1.20%8/31/2016 08/31/20 **
Sound Community Bank 1,000,000$ 1.75%1.76%8/9/2016 08/09/21 **
Sound Community Bank 2,500,000$ 1.75%1.76%8/31/2016 08/31/21
8,000,000$
**CD opened with a 5-year term but can mature at anytime incurring a 90-day interest penalty
***CD opened with a 5-year term but can mature at anytime incurring a 365-day interest penalty
TREASURERS CASH TIME CERTIFICATES 208
TREASURERS CASH TREASURY INVESTMENTS 2018
JEFFERSON COUNTY Schedule of Long Term Debt For the Year ended May, 2018 Schedule 09
Date of Amount Beginning Amount that Ending
ID Date of Final Interest Originally Unmatured Amount Became Due Unmatured
Description No Issue Maturity Rate Issued Debt 1st of Month Issued This Period Debt
G.O. DEBT
RID PW Transfer Fund Loan 253.13 7/1/2000 7/1/2020 4.00%511,900 78,946 78,946
Castle Hill Property 263.53 3/15/2002 12/1/2021 6.00%2,950,000 852,362 852,362
LTGO 2007 252.11 3/3/2003 12/1/2026 4.01%2,560,000 - -
LTGO Bond 2011 252.11 3/1/2011 12/1/2030 Variable 3,150,000 300,000 300,000
LTGO Refg 2011 252.11 9/1/2011 12/1/2018 Variable 2,350,000
LTGO Refg 2011: JC PW PTN 252.11 9/1/2011 12/1/2018 Variable 2,035,000 360,000 360,000
LTGO Refg 2011: JEFF COM 252.11 9/1/2011 12/1/2018 Variable 315,000 50,000 50,000
LTGO Refg 2016B 252.11 11/1/2016 12/1/2030 Variable 2,521,000
LTGO Refg 2016B- TRI Area 252.11 11/1/2016 12/1/2030 Variable 1,520,163 1,501,470 1,501,470
LTGO Refg 2016B - E911 252.11 11/1/2016 12/1/2030 Variable 1,000,837 988,530 988,530
Pt Hadlock Wastewater Ln 253.13 3/12/2012 6/1/2046 0.5%10,000,000 1,676,155 1,676,155
LTGO Refg 2016 252.11 6/16/2016 12/1/2026 Variable 1,417,806 1,417,806
TOTAL G.O. DEBT:24,042,900 7,225,269 - - 7,225,269
DEBT OF SPECIAL PURPOSE DISTRICTS
FIRE DISTRICT #1
Fire #1 2010 Bond 251.11 6/16/2005 12/1/2030 Variable 4,280,000 325,000 325,000
Fire #1 2013 Bond 252.11 4/6/2013 12/1/2032 Variable 3,585,000 3,585,000
Fire #1 2017 Bond 251.11 12/7/2017 12/1/2020 2.20%500,000 500,000 - 500,000
TOTAL FIRE DISTRICT #1 4,780,000 4,410,000 - - 4,410,000
FIRE DISTRICT #5
UTGO Bond 2016 251.11 5/3/2016 12/1/1935 Variable 530,000 520,000 520,000
TOTAL FIRE DISTRICT #5 530,000 520,000 - - 520,000
Hospital District #2
Real Estate Contract 263.51 7/1/2012 7/1/2027 5.175%7,480,000 4,670,438 32,895 4,637,543
ESSB Loan 2016 263.62 7/6/2015 N/A - -
UTGO Refunding 2013 252.11 4/9/2013 12/1/2023 Variable 1,180,000 1,180,000
LTGO Bond 17A 7/26/2017 7/26/2047 2.89%1,250,000 1,250,000 1,250,000
LTGO Bond 17B 7/26/2017 7/26/2047 2.89%6,030,000 6,030,000 6,030,000
LTGO Bond 17C 7/26/2017 7/26/2047 3.25%3,900,000 3,861,117 3,861,117
REV Bond 17D 7/26/2017 7/26/2047 3.25%1,945,000 1,925,608 1,925,608
REV Bond 17E 7/26/2017 7/26/2047 3.25%6,000,000 5,940,180 5,940,180
REV Bond 17F 7/26/2017 7/26/2047 3.25%5,700,000 5,643,171 5,643,171
TOTAL HOSPITAL #2 32,305,000 30,500,514 - 32,895 30,467,619
INFO ONLY - DETAIL BELOW
INFO ONLY - DETAIL BELOW
JEFFERSON COUNTY Schedule of Long Term Debt For the Year ended May, 2018 Schedule 09
Date of Amount Beginning Amount that Ending
ID Date of Final Interest Originally Unmatured Amount Became Due Unmatured
Description No Issue Maturity Rate Issued Debt 1st of Month Issued This Period Debt
Port of Port Townsend
Port CERB Loan 1997 263.67 7/1/1998 7/1/2017 5.50%600,000 - -
Port LTGO Refunding 2006 252.11 11/29/2005 7/1/2017 Variable 1,956,000 - -
Port LTGO Bond 2010 252.11 6/9/2010 12/1/2029 Variable 5,515,000 4,105,000 4,105,000
Port Jr Lien Revenue Bond 252.11 5/5/2013 11/1/2016 Variable 409,507 203,229 206,278
Port LTGO Refunding 2015 252.11 6/10/2015 7/1/2025 Variable 3,855,000 3,855,000
TOTAL PORT 8,071,000 8,369,507 - 203,229 8,166,278
DEBT OF SPECIAL PURPOSE DISTRICT (cont.)
PUD #1
LUD #11 W&S Rev.1999 253.11 4/15/1999 11/1/2019 variable 1,090,000 365,000 50,000 315,000
LUD #14 Revenue 2009 253.11 6/27/2008 12/24/2028 variable 2,000,000 1,136,000 1,136,000
LUD #15 Revenue 2008 253.11 5/24/2008 5/1/2025 3.99%1,053,076 22,354 22,354 0
Tri-Area Loan 2003 263.99 4/21/2003 4/21/2043 4.50%3,043,250 2,456,404 2,456,404
Peterson Lake Loan 263.99 2/1/2006 1/1/2026 6.00%2,000,000 1,081,463 8,921 1,072,541
RUS Loan 2013 B 263.99 3/27/2013 12/31/2041 2.603%703,835 703,835
RUS Loan 2013 A 263.99 3/27/2013 12/31/2041 3.308%104,800,946 104,800,946
TOTAL PUD 9,186,326 110,566,001 - 81,275 110,484,726
SCHOOL DISTRICT #20
Energy Lease 2013 263.96 8/22/2013 6/1/2023 2.60540%30,695 30,695
TOTAL SCHOOL DIST #20 - 30,695 - - 30,695
SCHOOL DISTRICT #48
UTGO Refg 2010 251.12 7/7/2010 12/1/2018 variable 1,475,000 190,000 190,000
Energy Lease 2012 263.56 3/29/2012 6/1/2022 2.16385%302,372 162,552 162,552
TOTAL SCHOOL DIST #48 1,777,372 352,552 - - 352,552
School District #50
LTGO Bond 2009 252.11 7/30/2009 12/1/2019 4.45%475,000 113,800 113,800
UTGO Bond 2016 252.11 6/1/2016 12/1/2035 Variable 35,195,000 35,195,000
TOTAL SCHOOL DIST #50 475,000 35,308,800 0 0 35,308,800
TRANSIT
Transit Sales Tax Bond 2014 252.11 7/1/2014 12/1/2033 variable 1,090,000 410,000 410,000
TOTAL TRANSIT 1,090,000 410,000 - - 410,000
PORT LUDLOW DRAINAGE
Public Works Board Loan 253.14 3/16/2009 3/16/2011 0.50%47,813 23,907 23,907
TOTAL PORT LUDLOW DRAINAGE 47,813 23,907 - - 23,907
TOTAL JEFFERSON COUNTY DEBT:82,305,411$ 197,717,245$ -$ 317,399$ 197,399,846$