FROM: Robert Thompson, General Manager
Originator: Wally Ritchie, Director of Finance
SUBJECT:
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TREASURER'S REPORT FOR THE FOURTH QUARTER ENDED JUNE 30, 2023
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Receive and file the Orange County Sanitation District Fourth Quarter Treasurer's Report for the period ended June 30, 2023.
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BACKGROUND
The fourth quarter treasurer's report contains financial portfolio performance with respect to the Orange County Sanitation District's (OC San) funds. Both Long-Term and Liquid Operating Monies Portfolios are summarized. A performance summary table can be found below. The report also contains information on the U.S. and global economic outlook from OC San's investment manager, Chandler Asset Management. Additionally, the Section 115 Trust quarterly performance report is included. The Section 115 trust is administered by Public Agency Retirement Services (PARS) and managed by HighMark Capital and was established to prefund pension obligations.
RELEVANT STANDARDS
* Quarterly financial reporting
ADDITIONAL INFORMATION
The fourth quarter treasurer's report for the period ended June 30, 2023 is being submitted in accordance with OC San's investment policy that requires the report be submitted to the governing body following the end of each quarter and includes the following information:
* Performance results in comparison with the ICE BAML 3-month treasury bill index for the liquid operating portfolio; and the ICE BAML Corp./Govt. 1-5 Year Bond index for the long-term portfolio as identified in the investment policy; and the time-weighted total rate of return for the portfolio for the prior three months, six months, nine months, twelve months, and since inception compared to the Benchmark returns for the same periods:
Portfolio Performance Summary
As of June 30, 2023
Liquid Operating Monies (%)
Long-Term Operating Monies (%)
Total Rate of Return
Benchmark...
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