HomeMy WebLinkAbout2021-01-26__TreasurerReport2020_4thQtrJefferson County Finance Committee Treasurer’s Report
Meeting date January 26, 2021 covering Fourth Quarter 2020
Investment and Debt Reports
• Investments by District 12/31/2020, Total amount is $144,580,115. Overall investments amount
is up $10.3 million from last quarter and up $29.5 million from this time last year. $25 million of
that increase can be accounted for with Hospital #2 investments. Treasurer’s Cash is up $11
million from last quarter and up $3.6 million from this time last year. Within Treasurer’s Cash,
the General Fund cash balance is $9.7 million and which is $2.1 million more than this month last
year.
• Total Investments by Bank 12/31/2020, the State Investment Pool amount of $116.6 million
includes Treasurer’s Cash of $21.47 million. General Fund cash balance on 9/30/2020 was $9.7
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 12/31/2020. 81% of all county and special district investments are held in
the state investment pool, 10% in CDs, 7% in Public Interest Checking and 2% in US Agency
securities. For Treasurer’s Cash, the portion held in the LGIP is 45%, 29% in CDs, 22% in
public interest checking and 4% in US Agency Securities.
• Liquid Investments: State Investment Pool Rates are now at 0.1561% and has dropped to 9% 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 0.10 – 0.20% this quarter.
The Public Interest Checking is usually greater than the LGIP, but it was less for one month.
• 2020 Agency Portfolio Transactions: One Security matured, two Securities were called, and we
purchase two CDs this quarter. Securities are running at a very low rate with a long duration, so
we chose the best two-year CD rates 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 or two, but we’ll always look
for our best option for reinvestment when items mature.
• Treasurer’s Cash Treasury & CD Investments as of 12/31/2020 is just under $2 million in
Securities and $13.5 million in CDs. Annual interest revenue from our current securities in 2020
was $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. For the CDs, $8.5 million will
mature in 2021, $2 million in 2022, and $3 million in 2023. All interest will be paid at time of
maturity. For Securities $0.5 million will mature in 2024 and $1.5 million in 2025.
• Schedule of Long-Term Debt for the end of the second quarter. General Obligation debt is $5.127 million. The JeffCom portion of debt includes the two listed items: The LTGO Refunding 2016 at
$968,262 and a portion of LTGO Refunding 2016B at $945,654 for a total of $1,913,916 of the
total $5.127 million general obligation county debt. Total General Obligation and Special Purpose
District debt is $176 million.