comprehensive annual financial report - City of St. Petersburg

CITY OF ST. PETERSBURG, FL
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2010
NOTE 6 – DEPOSITS AND INVESTMENTS – (Continued)
At year end, the government’s deposits and investment balances were as follows:
Credit
Ratings
Fair
Value
Modified
Duration
(Years)
Percent of
Portfolio
Cash and Cash Equivalents:
Cash $ 5,355,666 8.1%
State of Florida Local Government Surplus Trust Fund A AAA 7,371 0.0%
Morgan Stanley – Governmental Money Market AAA 2,659,673 4.0%
AIM – Governmental Money Market AAA 43,172,077 65.4%
Fidelity – Governmental Money Market AAA 14,828,171 22.5%
TOTAL $ 66,022,958 100.0%
Investments:
State of Florida Local Governmental Surplus Trust Fund B Not Rated $ 162,304 N/A 0.0%
Bank of America – Columbia Strategic Fund
Cash 16,369 N/A 0.0%
Corporate Bonds Not Rated 579,031 N/A 0.2%
Asset Backed Obligations AAA Thru CC 230,494 N/A 0.1%
Mortgage Backed Securities AAA Thru D 3,308,761 N/A 0.9%
FHLB Mortgage Backed AAA 7,107,398 3.3 1.9%
FHLMC Mortgage Backed AAA 4,165,903 3.2 1.1%
FNMA Mortgage Backed AAA 13,595,530 2.4 3.7%
Lehman Brothers Not Rated 3,112,500 N/A 0.8%
Federal Agency Bond/Notes:
US Treasury AAA 10,273,650 2.9 2.8%
GNMA AAA 2,945,653 1.8 0.8%
FFCB AAA 15,088,280 1.2 4.1%
FHLB AAA 41,386,940 0.7 11.2%
FAMC AAA 42,068,780 1.7 11.4%
FHLMC AAA 4,992,550 0.4 1.3%
STEP COUPON FHLB AAA 16,065,057 0.7 4.3%
STEP COUPON FHLMC AAA 33,205,610 0.4 9.0%
STEP COUPON FNMA AAA 119,484,880 0.5 32.2%
FNMA AAA 13,680,990 4.0 3.7%
Tennessee Valley Authority (TVA) AAA 2,255,720 2.3 0.6%
Taxable Municipal Bonds AAA thru A1 21,578,635 4.0 5.8%
Externally Managed Investments:
Fidelity Government Portfolio AAA 266,551 0.4 0.1%
Common Stock N/A 8,756,865 N/A 2.4%
U.S. Agencies AAA 2,285,665 3.0 0.6%
Collateralized Mortgage Obligations AAA 98,805 0.4 0.1%
Corporate Bonds AAA-A3 3,421,147 3.7 0.9%
TOTAL $370,134,068 100.0%
N/A = Modified Duration not available or not applicable
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