HomeMy WebLinkAbout2020-09_FNCE_Reports_3rdQtrJefferson County Finance Committee Treasurer’s Report
Meeting date October 27, 2020 covering Third Quarter 2020
Investment and Debt Reports
Investments by District 9/30/2020, Total amount is $134,210,502. Overall investments amount
is down $7.4 million from last quarter and up $18.8 million from this time last year. $13 million
of that increase can be accounted for with Hospital #2 investments. Treasurer’s Cash is down
$17 million from last quarter and down $5.2 million from this time last year. Within Treasurer’s
Cash, the General Fund cash balance is $5.8 million and similar to this month last year.
Total Investments by Bank 9/30/2020, the State Investment Pool amount of $105.8 million
includes Treasurer’s Cash of $10.2 million. General Fund cash balance on 9/30/2020 was $5.8
million, and the rest is comprised of ending fund balance of both county and special purpose
district funds not invested on their behalf.
Investment Summary 9/30/2020. 79% of all county and special district investments are held in
the state investment pool, 10% in CDs, 8% in Public Interest Checking and 3% in US Agency
securities. For Treasurer’s Cash, the portion held in the LGIP is 28%, 32% in CDs, 29% in
public interest checking and 11% in US Agency Securities.
Liquid Investments: State Investment Pool Rates are now at 0.2061% and has dropped from
1/10th of what it was this time last year. It has been dropping gradually since June 2019 and
drastically since February 2020. The Public Interest Checking account earned 0.35-0.24% this
quarter. It’s ranged from 0.03% to 0.04% over the pool rate this quarter. I added a chart to
show historical LGIP rates since 2004.
2020 Agency Portfolio Transactions: One Security was called, one CD matured, and three CDs
were purchased this quarter. Securities are running at a very low rate with a long duration, so
we chose the best one-year CD rate we could. This helps us increase our return while not tying
dollars up for five years. We’re hoping rates will be higher in a year, but we’ll always look for our
best option for reinvestment when items mature.
Treasurer’s Cash Treasury & CD Investments as of 9/30/2020 is just under $4 million in Securities
and $11.5 million in CDs. Annual interest revenue from our current securities is $138,134. Please
note that anything that is Non-call will mature on schedule. The others are likely to be called if
interest rates are still low (for example the one we had called in August), thus making fiscal
sense for the borrowing entity to call them. The CD that will mature in August 2020 will have
interest revenue of $72,000.
Schedule of Long Term Debt for the end of the second quarter. General Obligation debt is
$5,533,403 with a no change from last month and last quarter. The JeffCom portion of debt
includes the two listed items: The LTGO Refunding 2016 at $1,119,861 and a portion of LTGO
Refunding 2016B at $959,946 for a total of $2,079,807 of the total $5.53 million general
obligation county debt. Total General Obligation and Special Purpose District debt is
$181,023,422. This went down $47,155 from last month and $658,902 from last quarter.
The Port entered into new debt with a loan (Note), and it amounts to $1,650,000 at the end of
September. They are using a loan structure for now during construction so the amount is
increasing each month.
FYI – a good summary of types of Debt Counties can issue – UTGO, LTGO and Revenue Bonds.
From Bonds 101: Debt Issuance for Washington Local Governments, Washington Finance Officers Association, 2020 Annual Conference, September
2020
2020 FINANCE COMMITTEE INVESTMENTS Month 9
INVESTMENTS BY DISTRICT 9/30/2019 3/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020 $ Up/(Down) from $ Up/(Down) from Year to Date
FUND NAME TOTAL 9 TOTAL 15 TOTAL 18 TOTAL 19 TOTAL 20 TOTAL 21 Last Quarter Last Year AVERAGE
Treasurer's O&M 31,928.16 53,671.42 59,381.27 55,262.29 42,765.43 37,831.46 (21,549.81)5,903.30 51,770.08
County Roads 4,855.30 4,898.49 4,908.12 4,909.54 4,910.76 4,911.77 3.65 56.47 4,902.98
Public Infrastructure Fund 942,978.07 951,539.90 953,518.25 953,793.72 954,032.85 954,229.91 711.66 11,251.84 952,454.66
Solid Waste 2,403,078.27 2,033,489.01 2,072,824.78 2,126,923.46 2,129,396.98 2,163,644.40 90,819.62 (239,433.87)2,075,938.60
Solid Waste Post Closure 50,778.59 45,203.01 45,296.88 45,309.97 45,321.33 45,330.69 33.81 (5,447.90)45,246.64
Solid Waste Equipment Reserve 882,771.20 890,767.15 892,616.99 892,874.87 893,098.73 893,283.20 666.21 10,512.00 891,623.11
Employee Benefit Reserve 776,392.39 834,134.67 883,557.31 890,163.36 908,947.18 902,368.21 18,810.90 125,975.82 863,677.38
JC Drainfield Trust 123,928.36 125,034.68 125,294.35 125,330.54 128,161.97 128,188.09 2,893.74 4,259.73 125,777.61
Cemetery District #3 General 44,066.40 44,459.79 44,552.12 44,564.99 44,576.16 44,585.37 33.25 518.97 44,502.70
Cemetery District #1 General 3,799.75 3,799.75 3,799.75 3,799.75 3,799.75 3,799.75 0.00 0.00 3,799.75
Cemetery District #2 General 140,297.64 140,741.35 140,845.49 140,860.01 140,872.62 140,883.00 37.51 585.36 140,789.75
Fire District #1 General 1,721,244.99 1,074,343.83 2,486,100.58 2,139,464.88 1,843,478.06 1,730,405.93 (755,694.65)9,160.94 1,783,536.60
Fire District #1 Bldg/Apparatus 495,078.33 238,414.51 238,978.65 239,038.57 239,087.94 239,087.94 (255,990.39)238,611.49
Fire District #1 EMS 813,657.79 1,400,944.75 2,257,640.09 1,968,048.99 1,679,439.05 1,888,929.79 (368,710.30)1,075,272.00 1,907,182.71
Fire District #1 EMS/Apparatus 117,233.12 118,279.67 118,525.29 118,559.53 118,589.26 118,613.75 88.46 1,380.63 118,393.82
Fire District #2 General 464,817.64 510,357.12 696,842.39 505,266.48 474,446.26 444,667.38 (252,175.01)(20,150.26)522,352.80
Fire District #2 Cap Project 1,058,827.90 1,007,554.76 978,631.03 978,631.03 1,378,876.39 1,379,161.20 400,530.17 320,333.30 1,087,801.86
Fire District #2 EMS 341,023.27 458,324.17 537,743.64 411,296.23 392,393.03 383,765.79 (153,977.85)42,742.52 458,903.05
Fire District #3 General 709,874.41 608,158.94 435,377.44 417,046.44 957,926.81 820,806.98 385,429.54 110,932.57 653,947.63
Fire District #3 Reserve 892,164.67 967,263.94 968,076.16 968,189.39 968,287.68 968,368.68 292.52 76,204.01 967,641.41
Fire District #3 EMS 401,565.46 458,587.46 363,558.99 337,221.31 895,233.28 851,416.54 487,857.55 449,851.08 532,452.62
Fire District #3 Cap Project 2008 1,603.04 102,003.65 102,215.47 102,245.00 102,270.63 102,291.76 76.29 100,688.72 102,102.09
Fire District #4 General 278,144.00 1,233,154.44 1,300,995.25 1,254,259.78 1,120,524.66 1,088,744.05 (212,251.20)810,600.05 1,260,058.96
Fire District #4 EMS 373,160.86 411,065.54 420,646.99 401,732.12 401,580.84 394,632.83 (26,014.16)21,471.97 410,713.75
Fire District #5 General 116,942.71 160,150.62 173,116.89 145,657.03 133,712.66 137,383.95 (35,732.94)20,441.24 156,055.43
Fire District #5 Project Fund 2016 474,188.33 292,525.04 267,083.08 265,739.32 70,514.93 21,205.15 (245,877.93)(452,983.18)260,659.59
Fire District #5 EMS 14,991.41 11,931.00 24,214.16 22,380.37 14,871.81 14,986.92 (9,227.24)(4.49)17,219.76
Park & Recreation #1 General 77,077.46 45,882.85 57,531.05 56,428.05 48,972.07 45,083.13 (12,447.92)(31,994.33)49,888.43
Hospital District #1 General 205,000.00 205,000.00 205,000.00 205,000.00 205,000.00 205,000.00 0.00 0.00 205,000.00
Hosp #2 LTGO Bond 2004 509,796.21 517,170.42 538,696.65 540,246.64 540,427.14 540,824.90 2,128.25 31,028.69 527,087.61
UTGO Hospital #2 Bond Ref 2002 45,927.66 46,337.65 46,433.87 46,447.28 46,458.93 46,468.52 34.65 540.86 46,382.37
Hospital District #2 Facilities and Equipment 253,318.65 255,580.07 256,110.83 256,184.82 256,249.05 256,301.98 191.15 2,983.33 255,826.73
Hospital District #2 Board Designated Cash 19,191,943.89 19,498,246.99 32,479,981.35 42,995,040.03 43,008,854.58 45,022,347.50 12,542,366.15 25,830,403.61 30,206,903.90
Hospital District #2 Community Health 91,568.61 92,386.07 92,577.93 92,604.67 92,627.89 92,647.02 69.09 1,078.41 92,475.23
Hospital District #2 Operating Reserves 1,667,454.34 1,682,825.42 1,686,368.44 1,686,855.64 1,687,278.56 1,687,627.08 1,258.64 20,172.74 1,684,459.27
Library District #1 General 553,302.00 553,302.00 553,302.00 553,302.00 553,302.00 553,302.00 0.00 0.00 553,302.00
Library District #1 Capital Reserve 2,135,698.12 2,149,905.57 2,206,808.45 2,212,322.62 2,212,553.25 2,203,850.31 (2,958.14)68,152.19 2,187,950.00
Library District #1 Unemployment Reserve 223,799.95 225,795.32 234,062.26 234,129.88 234,188.58 234,236.95 174.69 10,437.00 231,212.05
Library District #1 Gift Account 55,551.69 0.00 195.13 26.23 26.27 26.28 (168.85)(55,525.41)12,466.88
Port Reserve 1,551,244.80 1,498,804.93 1,533,769.51 1,555,462.62 1,555,847.96 1,556,169.33 22,399.82 4,924.53 1,523,844.71
PUD #1 General 5,866,875.79 5,646,522.08 5,646,522.08 5,646,522.08 5,646,522.08 4,565,682.19 (1,080,839.89)(1,301,193.60)5,575,396.25
PUD #1 Tax Revenue 1,925,000.00 1,925,000.00 1,925,000.00 1,925,000.00 1,925,000.00 1,925,000.00 0.00 0.00 1,925,000.00
PUD #1 Bond 1,131,189.56 1,141,520.36 266.89 266.97 267.04 267.10 0.21 (1,130,922.46)507,088.60
PUD #1 Tri-Area Bond Reserve 179,207.83 180,807.66 181,183.15 181,235.49 181,280.93 181,318.38 135.23 2,110.55 180,982.16
PUD #1 LUD #11 Water Bond 1999 32,689.45 32,981.26 33,049.76 33,059.31 33,067.59 33,074.42 24.66 384.97 33,013.10
PUD #1 LUD #11 Water Reserve 232,123.96 234,196.17 234,682.53 234,750.33 234,809.18 234,857.68 175.15 2,733.72 234,422.20
PUD #1 LUD #13 Bond 21,488.61 21,680.45 21,725.47 21,731.75 21,737.20 21,741.69 16.22 253.08 21,701.37
PUD #1 LUD #13 Water Reserve 13.03 13.15 13.18 13.18 13.18 13.18 0.00 0.15 13.16
PUD #1 LUD #15 Bond 2008 477,824.20 482,089.82 541,655.62 541,812.10 541,947.94 542,059.88 404.26 64,235.68 515,098.64
PUD #1 LUD #14 Bond 2009 2,477,008.71 2,481,231.56 2,490,270.86 2,505,390.31 2,512,196.23 2,513,315.14 23,044.28 36,306.43 2,509,358.50
Olympic Area on Aging 807,823.20 894,968.36 796.78 0.00 996.36 596.42 (200.36)(807,226.78)255,610.83
O3A Unemployment Compensation 81,438.26 49,564.17 49,667.11 49,681.45 49,693.90 49,704.16 37.05 (31,734.10)53,222.53
School District #20 General 21,116.89 124,619.17 139,254.68 139,254.68 181,402.60 246,913.56 107,658.88 225,796.67 124,643.28
School District #20 Building 21,072.66 29,715.35 29,765.08 12,251.15 12,257.76 12,260.29 (17,504.79)(8,812.37)22,853.99
School District #20 Transportation 66,164.80 74,055.33 74,179.25 74,179.25 74,249.07 80,734.31 6,555.06 14,569.51 74,804.86
School District #46 General 355,766.04 379,058.56 416,991.89 450,991.89 443,666.89 461,762.06 44,770.17 105,996.02 411,613.95
School District #46 Building 59,977.88 9,583.09 9,627.22 9,627.22 9,627.22 9,631.62 4.40 (50,346.26)9,601.72
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INVESTMENTS BY DISTRICT 9/30/2019 3/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020 $ Up/(Down) from $ Up/(Down) from Year to Date
FUND NAME TOTAL 9 TOTAL 15 TOTAL 18 TOTAL 19 TOTAL 20 TOTAL 21 Last Quarter Last Year AVERAGE
School District #46 Transportation 23,778.54 23,938.59 24,008.95 24,025.50 24,025.50 38,403.99 14,395.04 14,625.45 25,569.30
School District #48 General 1,138,013.09 1,122,838.03 1,630,372.46 1,531,681.49 1,811,701.26 1,955,841.22 325,468.76 817,828.13 1,417,788.31
School District #48 Building 152,853.09 110,247.66 46,393.07 46,406.47 46,408.88 2,456.33 (43,936.74)(150,396.76)63,096.25
School District #48 UTGO 2010 Bond 50,828.64 52,400.60 53,788.11 54,255.37 54,277.93 54,306.65 518.54 3,478.01 53,295.21
School District #48 ASB 64,297.75 86,933.86 85,876.59 82,853.69 82,874.65 82,874.65 (3,001.94)18,576.90 84,405.42
School District #48 Transportation 102,578.01 319.41 355.34 1,431.17 1,431.53 48,179.81 47,824.47 (54,398.20)5,888.28
School District #49 General 2,242,343.22 2,224,843.22 2,291,843.22 2,636,843.22 2,750,843.22 2,560,843.22 269,000.00 318,500.00 2,494,509.89
School District #49 Building 1,653,071.27 1,284,071.27 1,651,071.27 1,476,071.27 1,593,071.27 1,248,071.27 (403,000.00)(405,000.00)1,437,460.16
School District #49 ASB 128,008.00 135,508.00 129,083.00 129,258.00 128,258.00 125,258.00 (3,825.00)(2,750.00)129,033.00
School District #49 Transportation 595,211.00 456,086.00 457,046.00 457,171.00 554,296.00 554,411.00 97,365.00 (40,800.00)478,055.44
School District #49 UTGO Ref Bond 2007 8,420.87 8,496.03 8,513.67 8,516.13 8,518.27 8,520.03 6.36 99.16 8,504.23
School District #50 General 1,766,000.00 1,428,000.00 1,781,000.00 1,781,000.00 2,181,000.00 2,181,000.00 400,000.00 415,000.00 1,784,111.11
School District #50 UTGO 2016 1,268,555.18 632,740.14 1,289,933.41 1,289,933.41 1,305,093.41 1,325,993.41 36,060.00 57,438.23 1,048,127.70
School District #50 Building 4,245,525.81 3,640,525.81 2,490,525.81 2,490,525.81 2,480,525.81 2,355,525.81 (135,000.00)(1,890,000.00)2,812,414.70
School District #50 UTGO Refg 2007 128,440.76 129,590.76 129,855.76 129,895.76 129,925.76 129,955.76 100.00 1,515.00 129,714.09
School District #50 ASB 297,150.00 346,150.00 331,975.00 331,975.00 341,975.00 341,975.00 10,000.00 44,825.00 342,219.44
School District #50 Transportation 185,407.31 187,307.31 187,307.31 187,307.31 302,307.31 302,307.31 115,000.00 116,900.00 212,751.75
Transit General 1,350,000.00 1,350,000.00 2,032,147.00 2,032,147.00 2,032,147.00 2,032,147.00 0.00 682,147.00 1,728,970.56
Transit Capital 4,320,052.69 3,820,052.69 5,209,976.69 5,209,976.69 5,209,976.69 3,209,976.69 (2,000,000.00)(1,110,076.00)4,425,566.02
Water District #1 General 9,753.06 9,840.12 9,860.47 9,863.32 9,865.79 9,867.83 7.36 114.77 9,849.56
Water District #1 Meter Fund 19,995.32 20,173.84 20,215.73 20,221.57 20,226.64 20,230.82 15.09 235.50 20,193.31
Water District #2 General 500.00 500.00 500.00 500.00 500.00 500.00 0.00 0.00 500.00
Pt. Ludlow Drainage District General 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 0.00 0.00 100,000.00
Pt. Ludlow Drainage District Reserve 48,000.00 48,000.00 48,000.00 48,000.00 48,000.00 48,000.00 0.00 0.00 48,000.00
Treasurer's Cash 41,471,199.86 40,306,361.75 53,615,277.91 42,057,852.07 40,881,762.12 36,247,514.16 (17,367,763.75)(5,223,685.70)47,876,583.88
TOTAL INVESTMENT PORTFOLIO 115,367,839.78 112,184,567.58 141,667,778.55 139,956,037.94 140,496,601.17 134,210,501.53 (7,457,277.02)18,842,661.75 132,419,436.35
2020 FINANCE COMMITTEE INVESTMENTS - Treasurer's Cash Sub Pool Detail
HAVA Covid Grant 153,422.47 153,451.46 19,259.17 18,485.48 (134,936.99)18,485.48 86,154.65
HAVA 3 SECURITY GRANT 123,418.93 123,428.09 123,457.35 123,457.35 123,457.35 123,434.79
Auditor's O&M 25,654.36 11,386.41 12,239.80 64,568.33 33,970.31 34,967.75 22,727.95 9,313.39 21,253.74
Hotel Motel 555,329.71 578,221.86 477,969.58 427,831.96 425,730.42 499,693.22 21,723.64 (55,636.49)519,863.78
Inmate Comm Tr 92,093.06 91,516.45 91,519.15 91,782.49 92,968.36 94,068.04 2,548.89 1,974.98 91,882.15
JC Drug Fund 42,397.98 36,088.19 35,393.77 35,729.87 31,878.22 32,023.82 (3,369.95)(10,374.16)44,949.45
Fed Forest Title III 124,588.97 125,642.41 142,987.81 143,379.48 143,060.76 143,088.87 101.06 18,499.90 137,196.50
Jeff Co Aff Housing 174,426.28 199,608.34 221,675.63 228,466.35 232,879.51 235,066.47 13,390.84 60,640.19 214,457.22
Homeless Housing 321,339.96 343,644.80 332,172.46 351,663.78 380,513.11 396,947.80 64,775.34 75,607.84 321,943.38
Veteran's Relief 73,867.04 99,222.25 100,704.86 99,780.82 98,225.94 95,459.50 (5,245.36)21,592.46 88,266.59
Post Harvest 9,910.66 9,994.46 10,010.30 10,041.55 10,019.23 10,021.20 10.90 110.54 9,180.44
Emer Rd Res 2,553.53 2,575.13 2,580.20 2,587.27 2,581.52 2,582.03 1.83 28.50 2,293.47
RID #1&2 Bond 15.03 15.14 15.17 15.21 15.17 15.17 0.00 0.14 527.36
RID #4 Bond 4,586.24 4,625.02 4,634.12 4,646.81 4,636.48 4,637.39 3.27 51.15 4,287.09
JC LTGO '98 1,525.92 1,538.82 1,541.85 1,546.07 1,542.63 1,542.93 1.08 17.01 1,369.50
Carroll Park - 0.00 0.00 - - - 0.00 0.00 76,563.47
Conserv Futures 747,998.16 689,071.24 798,975.86 802,199.23 795,975.75 802,134.16 3,158.30 54,136.00 669,054.98
Yard Waste 10,148.20 3,585.45 3,591.14 3,602.35 3,594.34 3,595.05 3.91 (6,553.15)80,494.87
Tri-Area Sewer 796,882.06 695,736.82 705,585.96 662,570.56 592,927.52 508,766.60 (196,819.36)(288,115.46)911,120.41
Total Sub Pool 2,983,317.16 2,892,472.79 3,095,025.32 3,207,282.52 2,993,206.53 3,006,552.83 (88,472.49)23,235.67 2,979,508.87
Total Non-Sub Pool Treasurer's Cash 38,487,882.70 37,413,888.96 50,520,252.59 38,850,569.55 37,888,555.59 33,240,961.33 (17,279,291.26)(5,246,921.37)44,897,075.01
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TOTAL INVESTMENTS BY BANK
#BANK 5/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020
275 First Federal Bank 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
310 Columbia/Sound Community Bank 9,266,742.90 9,266,742.90 9,266,742.90 11,266,742.90 11,266,742.90
520 Opus Bank 10,531,639.16 10,535,332.15 10,538,463.44 10,541,058.49 10,543,137.15
550 Kitsap Bank
900 U.S. Government Securities 6,088,626.11 5,587,572.50 5,587,572.50 4,587,572.50 4,587,572.50
*999 State Investment Pool 119,127,325.62 114,517,040.63 112,563,259.10 112,101,227.28 105,813,048.98
TOTAL 147,014,333.79 141,906,688.18 139,956,037.94 140,496,601.17 134,210,501.53
*Includes Treasurer's Cash for Sep -20 - State Pool: $10,209,241.45
Includes Treasurer's Cash for Aug -20 - State Pool: $14,845,568.07
Includes Treasurer's Cash for Jul -20 - State Pool: $17,024,253.07
Includes Treasurer's Cash for Jun -20 - State Pool: $28,584,810.20
Includes Treasurer's Cash for May -20 - State Pool: $35,184,972.40
Investment Summary, September, 2020
-
20,000,000.00
40,000,000.00
60,000,000.00
80,000,000.00
100,000,000.00
120,000,000.00
Certificate of
Deposit
US Agency
Securities
Public Interest
Checking
Washington
State Pool
All Investments
District & Fund Investments Treasurer's Cash
Certificate of
Deposit,
11,500,000.00,
32%
US Agency
Securities,
3,995,135.56, 11%
Public Interest
Checking,
10,543,137.15,
29%
Washington State
Pool,
10,209,241.45,
28%
Treasurer's Cash
Certificate of Deposit US Agency Securities
Public Interest Checking Washington State Pool
Certificate of
Deposit,
13,266,742.90 ,
10%
US Agency
Securities,
4,587,572.50 , 3%
Public Interest
Checking,
10,543,137.15 , 8%
Washington State
Pool,
105,813,048.98 ,
79%
All Investments
Certificate of Deposit US Agency Securities Public Interest Checking Washington State Pool
0.00
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
Certificate of
Deposit
US Agency
Securities
Public Interest
Checking
Washington
State Pool
Treasurer's Cash
Certificate of Deposit US Agency Securities
Public Interest Checking Washington State Pool
LIQUID INVESTMENTS
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2017 2018 2019 2020 Difference From LGIP 2017 2018 2019 2020
January 4.3596%1.2669%0.2864%0.2328%0.1213%0.1745%0.1112%0.1345%0.3868%0.6304%1.4286%2.4920%1.7233%January 1.47%2.57%1.83%1.14%0.08%0.11%
February 3.7871%1.0689%0.2723%0.2189%0.1394%0.1650%0.1053%0.1347%0.4201%0.6304%1.4728%2.5129%1.6787%February 1.52%2.58%1.83%0.05%0.07%0.15%
March 3.1375%1.0301%0.2245%0.2338%0.1367%0.1778%0.1137%0.1577%0.4484%0.6996%1.5742%2.5228%1.2939%March 1.68%2.59%1.83%0.11%0.07%0.54%
April 2.6998%0.8905%0.2395%0.1718%0.1479%0.1667%0.1008%0.1431%0.4935%0.8291%1.7152%2.5393%0.8056%April 1.78%2.59%1.05%0.06%0.05%0.24%
May 2.4281%0.6678%0.2709%0.1394%0.1443%0.1351%0.0922%0.1428%0.4241%0.8687%1.7949%2.4996%0.4984%May 1.84%2.61%0.61%0.05%0.11%0.11%
June 2.2933%0.7396%0.3014%0.1583%0.1746%0.1233%0.0870%0.1691%0.4287%0.9794%1.8855%2.5056%0.3700%June 1.97%2.56%0.40%0.08%0.05%0.03%
July 2.2758%0.6507%0.2762%0.1561%0.1764%0.1197%0.1087%0.1449%0.4894%1.0733%1.9858%2.4775%0.3109%July 2.04%2.55%0.35%0.05%0.07%0.04%
August 2.3328%0.6036%0.2680%0.1723%0.1848%0.1231%0.1038%0.1561%0.4853%1.1100%2.0151%2.2875%0.2562%August 2.07%2.38%0.29%0.05%0.09%0.03%
September 2.3892%0.4703%0.2997%0.1688%0.1807%0.1233%0.1089%0.1871%0.5166%1.1285%2.0685%2.1960%0.2061%September 2.11%2.28%0.24%0.04%0.08%0.03%
October 2.4652%0.4164%0.2564%0.1127%0.1777%0.1260%0.0984%0.1865%0.4739%1.1380%2.2323%2.0542%October 1.16%2.31%2.13%0.02%0.08%0.08%
November 2.1903%0.3300%0.2155%0.1480%0.1792%0.1161%0.0929%0.1676%0.4684%1.1560%2.2818%1.8307%November 1.18%2.35%1.90%0.02%0.07%0.07%
December 1.8183%0.3347%0.2644%0.1305%0.2350%0.1278%0.1038%0.2529%0.5067%1.2752%2.3706%1.7741%December 1.36%2.45%1.83%0.08%0.08%0.06%
0.0000%
0.5000%
1.0000%
1.5000%
2.0000%
2.5000%
3.0000%
3.5000%
4.0000%
4.5000%
5.0000%
State Investment Pool Rates
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Public Interest Checking Rates
2017
2018
2019
2020
0.0000%
1.0000%
2.0000%
3.0000%
4.0000%
5.0000%Jan-04Mar-04May-04Jul-04Sep-04Nov-04Jan-05Mar-05May-05Jul-05Sep-05Nov-05Jan-06Mar-06May-06Jul-06Sep-06Nov-06Jan-07Mar-07May-07Jul-07Sep-07Nov-07Jan-08Mar-08May-08Jul-08Sep-08Nov-08Jan-09Mar-09May-09Jul-09Sep-09Nov-09Jan-10Mar-10May-10Jul-10Sep-10Nov-10Jan-11Mar-11May-11Jul-11Sep-11Nov-11Jan-12Mar-12May-12Jul-12Sep-12Nov-12Jan-13Mar-13May-13Jul-13Sep-13Nov-13Jan-14Mar-14May-14Jul-14Sep-14Nov-14Jan-15Mar-15May-15Jul-15Sep-15Nov-15Jan-16Mar-16May-16Jul-16Sep-16Nov-16Jan-17Mar-17May-17Jul-17Sep-17Nov-17Jan-18Mar-18May-18Jul-18Sep-18Nov-18Jan-19Mar-19May-19Jul-19Sep-19Nov-19Jan-20Mar-20May-20Jul-20Sep-20Nov-20LGIP & Opus Rates
LGIP Opus
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Matured 1999750 598664 501054 1500000
Called 988943 1000000 999250 1000000
Purchased 1498301 500000 3500000
Jan Activity - Treasurer's Cash - 2 Securities matured, 1 called, 2 purchased.
Feb Activity - Treasurer's Cash - 1 Security purchased, 1 called.
Mar Activity - Treasurer's Cash - 2 Securities matured; 1 called.
Apr/May/Jul/Sep - No Activity
Jun Activity - Treasurer's Cash - 1 Security matured.
Aug Activity - Treasurer's Cash - 1 Security called; purchased 3 CDs; 1 CD matured.
Page 7
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2020 AGENCY PORTFOLIO TRANSACTIONS
Matured
Called
Purchased
TREASURERS CASH TREASURY INVESTMENTS 2020
Treasury Principal Interest Purchase Maturity Poss. Call 2020 Annual 2020 Investment
Type Amount Rate Date Date Date Interest Activity
FNMA -$ 1.35%9/15/2016 9/15/2020 Quarterly Call 7,500.00 Called 3/16/20
FNMA -$ 1.65%3/23/2017 1/17/2020 Quarterly Call 8,250.00 Matured 1/17/20
FNMA -$ 1.70%1/31/2017 1/27/2020 Quarterly Call 8,750.00 Matured 1/27/20
FHLB -$ 2.13%3/21/2018 3/13/2020 Non-Call 3,992.64 Matured 3/13/20
FFCB -$ 2.38%3/27/2018 3/27/2020 Non-Call 4,156.25 Matured 3/30/20
FAMCA -$ 1.75%9/27/2017 6/15/2020 Non-Call 4,375.00 Matured 6/15/20
FAMCA 497,852$ 1.54%9/27/2017 10/15/2020 Non-Call 7,700.00
FFCB -$ 2.25%5/25/2018 1/29/2021 One-time call 22,307.00 Called 1/29/20
FHLB -$ 2.00%9/15/2017 9/6/2022 Continuous Call 8,333.33 Called 2/7/20
FFCB 498,982$ 1.74%10/21/2019 10/21/2022 1 Yr Call Prot; Continuous 4,350.00
FHLB -$ 3.13%8/24/2018 8/24/2023 One-time call 31,250.00 Called 8/24/20
FFCB 1,000,000$ 1.92%10/15/2019 10/15/2024 1 Yr Call Prot; Continuous 9,600.00
FNMA 498,301$ 1.67%1/10/2020 1/7/2025 Non-Call 3,994.79 Purchased 1/10/20
FHLB 1,000,000$ 1.87%1/29/2020 1/29/2025 1 Yr Call Prot; Continuous 9,350.00 Purchased 1/29/20
FFCB 500,000$ 1.69%2/12/2020 2/12/2024 1 Yr Call Prot; Continuous 4,225.00 Purchased 2/12/20
3,995,136$ 138,134.01
TREASURERS CASH TIME CERTIFICATES 2020
Bank Principal Interest Interest Purchase Maturity 2020 Investment
Name Amount Rate Yield Date Date Notes Activity
Sound Community Bank -$ 1.19%1.20%8/31/2016 08/31/20 ** Matured 8/31/20
First Federal 500,000$ 2.35%2.38%7/30/2019 07/30/21
First Federal 1,000,000$ 2.35%2.38%7/30/2019 07/30/21
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
Sound Community Bank 1,000,000$ 3.21%3.26%4/1/2019 04/01/23
Sound Community Bank 2,000,000$ 3.21%3.26%4/1/2019 04/01/23
Sound Community Bank 1,000,000$ 0.87%0.87%8/6/2020 08/07/21
Sound Community Bank 1,000,000$ 0.87%0.87%8/6/2020 08/07/21
Sound Community Bank 1,500,000$ 0.87%0.87%8/31/2020 08/28/21
11,500,000$
**CD opened with a 5-year term but can mature at anytime incurring a 90-day interest penalty
JEFFERSON COUNTY Schedule of Long Term Debt For the Year ended September, 2020 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 - -
Castle Hill Property 263.53 3/15/2002 12/1/2021 6.00%2,950,000 362,782 362,782
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 3,150,000 100,000 100,000
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 - -
LTGO Refg 2011: JEFF COM 252.11 9/1/2011 12/1/2018 Variable 315,000 - -
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 1,458,054 1,458,054
LTGO Refg 2016B - E911 252.11 11/1/2016 12/1/2030 Variable 1,000,837 959,946 959,946
Pt Hadlock Wastewater Ln 253.13 3/12/2012 6/1/2046 0.5%10,000,000 1,532,760 1,532,760
LTGO Refg 2016 - JEFF COM 252.11 6/16/2016 12/1/2026 Variable 1,576,157 1,119,861 1,119,861
TOTAL G.O. DEBT:25,619,057 5,533,403 - - 5,533,403
DEBT OF SPECIAL PURPOSE DISTRICTS
FIRE DISTRICT #1
Fire #1 2010 Bond 251.11 6/16/2005 12/1/2030 Variable 4,280,000 - -
Fire #1 2013 Bond 252.11 4/6/2013 12/1/2032 Variable 4,165,000 - -
Fire #1 2017 Bond 251.11 12/7/2017 12/1/2020 2.20%500,000 83,334 83,334
Fire #1 2019 Refunding Bond 251.11 9/12/2019 12/1/2032 Variable 3,695,000 3,695,000 3,695,000
TOTAL FIRE DISTRICT #1 12,640,000 3,778,334 - - 3,778,334
FIRE DISTRICT #4
UTGO Bond 2020 251.11 1/28/2020 12/1/2030 Variable 1,200,000 1,200,000 1,200,000
TOTAL FIRE DISTRICT #4 1,200,000 1,200,000 - - 1,200,000
FIRE DISTRICT #5
UTGO Bond 2016 251.11 5/3/2016 12/1/1935 Variable 530,000 480,000 480,000
TOTAL FIRE DISTRICT #5 530,000 480,000 - - 480,000
Hospital District #2
Real Estate Contract 263.51 7/1/2012 7/1/2027 5.175%7,480,000 3,730,651 36,948 3,693,703
ESSB Loan 2016 263.62 7/6/2015 N/A - -
UTGO Refunding 2013 252.11 4/9/2013 12/1/2023 Variable 2,050,000 810,000 810,000
LTGO Bond 17A 7/26/2017 7/26/2047 2.89%1,250,000 1,129,100 1,129,100
LTGO Bond 17B 7/26/2017 7/26/2047 2.89%6,030,000 5,437,600 5,437,600
LTGO Bond 17C 7/26/2017 7/26/2047 3.25%3,900,000 3,657,017 3,657,017
REV Bond 17D 7/26/2017 7/26/2047 3.25%1,945,000 1,823,819 1,823,819
REV Bond 17E 7/26/2017 7/26/2047 3.25%6,000,000 5,626,179 5,626,179
REV Bond 17F 7/26/2017 7/26/2047 3.25%5,700,000 5,344,870 5,344,870
INFO ONLY - DETAIL BELOW
INFO ONLY - DETAIL BELOW
JEFFERSON COUNTY Schedule of Long Term Debt For the Year ended September, 2020 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
TOTAL HOSPITAL #2 34,355,000 27,559,236 - 36,948 27,522,289
Port of Port Townsend
Port LTGO Bond 2010 252.11 6/9/2010 12/1/2029 Variable 5,515,000 3,605,000 3,605,000
Port LTGO Refunding 2015 252.11 6/10/2015 7/1/2025 Variable 4,115,000 2,515,000 2,515,000
Port LTGO Note 2020 252.11 4/30/2020 3/1/2022 2.30000%- 400,000 1,250,000 1,650,000
TOTAL PORT 9,630,000 6,520,000 1,250,000 - 7,770,000
DEBT OF SPECIAL PURPOSE DISTRICT (cont.)
PUD #1
LUD #11 W&S Rev.1999 253.11 4/15/1999 5/1/2019 variable 1,090,000 - -
LUD #14 Revenue 2009 253.11 6/27/2008 12/24/2028 variable 2,000,000 898,000 898,000
Tri-Area Loan 2003 263.99 4/21/2003 4/21/2043 4.50%3,043,250 2,344,241 2,344,241
Peterson Lake Loan 263.99 2/1/2006 1/1/2026 6.00%2,000,000 824,258 10,207 814,050
RUS Loan 2013 B 263.99 3/27/2013 12/31/2041 2.603%658,100 658,100
RUS Loan 2013 A 263.99 3/27/2013 12/31/2041 3.308%97,393,368 97,393,368
TOTAL PUD 8,133,250 102,117,966 - 10,207 102,107,759
SCHOOL DISTRICT #20
Energy Lease 2013 263.96 8/22/2013 6/1/2023 2.60540%47,104 16,497 16,497
TOTAL SCHOOL DIST #20 47,104 16,497 - - 16,497
SCHOOL DISTRICT #48
UTGO Refg 2010 251.12 7/7/2010 12/1/2018 variable 1,475,000 - -
Energy Lease 2012 263.56 3/29/2012 6/1/2022 2.16385%302,372 66,112 66,112
TOTAL SCHOOL DIST #48 1,777,372 66,112 - - 66,112
School District #50
LTGO Bond 2009 252.11 7/30/2009 12/1/2019 4.45%475,000 - -
UTGO Bond 2016 252.11 6/1/2016 12/1/2035 Variable 35,995,000 33,190,000 33,190,000
TOTAL SCHOOL DIST #50 36,470,000 33,190,000 0 0 33,190,000
TRANSIT
Transit Sales Tax Bond 2014 252.11 7/1/2014 12/1/2033 variable 1,090,000 - -
TOTAL TRANSIT 1,090,000 - - - -
PORT LUDLOW DRAINAGE
Public Works Board Loan 253.14 3/16/2009 3/16/2011 0.50%47,813 17,931 17,931
TOTAL PORT LUDLOW DRAINAGE 47,813 17,931 - - 17,931
TOTAL JEFFERSON COUNTY DEBT:130,339,597$ 180,479,478$ 1,250,000$ 47,155$ 181,682,323$