September 2021
*Includes Cash
| April | May | June | July | August | September | |
|---|---|---|---|---|---|---|
| Portfolio at Cost | 40,135,769 | 42,147,527 | 44,152,498 | 45,006,322 | 45,895,661 | 52,118,186 |
| Market Value Portfolio | 40,143,789 | 42,153,547 | 44,156,558 | 45,008,022 | 45,758,278 | 52,118,186 |
| Yield Based Upon Cost | 1.88% | 1.88% | 1.88% | 1.88% | 1.90% | 1.90% |
| Interest Received (Cash Basis) | 51,446 | 55,980 | 66,134 | 68,703 | 72,206 | 75,567 |
| Interest Received Fiscal Year to Date | $662,196 |
The portfolio shock analysis is a proactive risk management tool, utilized to evaluate how the Airport Authority's current portfolio would react to certain defined interest rate scenarios. This tool enables us to monitor the county's interest rate risk exposure to ensure it is aligned with the requirements of the investment policy. The table below presents the base scenario on how the portfolio is performing in the current interest rate environment, accompanied by scenarios of interest rate increases, and decreases. Cash is included in this analysis using Bloomberg analytics.
| Down 50 Basis Points | Down 25 Basis Points | Base | Up 25 Basis Points | Up 50 Basis Points | |
|---|---|---|---|---|---|
| Book Value | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 |
| Market Value | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 | $ 52,118,186 |
| Gain/(loss) unrealized | 0 | 0 | 0 | 0 | 0 |
| Market price | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| Book Yield | 1.90 | 1.90 | 1.90 | 1.90 | 1.90 |
| WAL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Effective Duration | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Effective Convexity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
The cash flow forecast chart is a graphical representation of the annual projected cash flows of the Airport Authority's investment portfolio resulting from expected investment maturities and calls. This management tool is utilized to evaluate portfolio liquidity, to make sure there is sufficient cash on hand to meet day-to-day expenses, and optimize reinvestment of excess funds.
Principal Cash Flow (1,000's)
Sarasota Manatee Airport Authority 6000 Airport Circle, Sarasota, FL 34243 + www.srq-airport.com