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Home My WebLink About96.PPP-Reserves and Investments OCSD RESERVES Seven Reserve Criteria A) Next Year's Dry Period (Cash Flow Reserve) — 50% of the Operating Budget B) Operating Contingencies — 10% of Operating Budget C) Next Year's Dry Period Debt Service — 100% of August COP Debt Service D) Capital Improvement Reserve — 50% of average CIP balance to 2020 E) Debt Service Reserve — 10% of the Outstanding COPs F) Operating & Capital Share of Catastrophe Funds G) Replacement and Refurbishment — 2% Per Year Non Discretionary Criteria A) Next Year's Dry Period (Cash Flow Reserve) — 50% of the Operating Budget C) Next Year's Dry Period Debt Service — 100% of August COP Debt Service E) Debt Service Reserve — 10% of the Outstanding COPS Discretionary Reserve Criteria B) Operating Contingencies — 10% of Operating Budget D) Capital Improvement Reserve — 50% of average CIP balance to 2020 F) Operating & Capital Share of Catastrophe Funds G) Replacement and Refurbishment — 2% Per Year OCSD Investments Investment Objectives First • Provide safety of principal Second • Provide sufficient liquidity Third • Earn a commensurate rate of return consistent with the constraints imposed by the objectives listed above OCSD has Two Major Portfolios Long -Term and Short Term Long-Term • Approximately $499 million Compares to the ICE BAML 1-5 Year Corporate Government Rated AAA — A Index Short-Term • Approximately $ 177 million Compares to the 3-month T-Bill rate and operate with a maximum maturity of one year T Long -Term Portfolio • Asset Allocation Category Percent US Treasury 31% US Corporate 23% Agency 23% Supranational 9% Asset Backed Sec 8% Other 6% Total 100% Long -Term Portfolio — Performance Average Market Yield December 21, 2018 2 . 70% Benchmark 2 . 69% September 30, 2018 2 . 85% Short-Term Portfolio -- Asset Allocation Category Percent US Treasury 78% Agency 6% US Corporate 5% Negotiable CDs 3% Supranational 3% Commercial Paper 3% Money Market 2% Total 100% Short-Term Portfolio — Performance Average Market Yield December 21, 2018 2 .42% Benchmark 2 . 37% September 30, 2018 2 . 25% Questions ?