Announcements

To CSAFE Participants
CSAFE thanks you and appreciates the confidence and investment you place in our funds. Our sincere hope is that each one of you and your families are healthy, safe, and managing well through the challenging events of the moment.
Be assured that CSAFE’s stability and operations are being safeguarded, monitored, and managed through the challenges posed in our region and the financial marketplace. Business continuity is important and CSAFE’s operational systems and staff-access are in place and available to avoid any potential disruption to the traditional operating environment.
CSAFE’s portfolio is constructed with sufficient liquidity and stability to manage through various market dynamics. The portfolio and credit analysis teams keep close watch on each aspect of the portfolio and the financial marketplace.
We continue to place safety of your investment and service to you as our top priorities. Please let us know if you have questions or comments.
CSAFE
Operations and Client Relations
Shannon Langford
Barbette Reimer
Bob Krug
Tim Kauffman

Email:      csafe@csafe.org
Phone:   303-296-6340
 

The Colorado Core fund has surpassed $1 billion in assets in just over a year. We are pleased this investment opporunity is meeitng the needs of so many Colorado local governments.
 

CSAFE is pleased to announce its FITCH Rating on Colorado Core, soon to be launched to all participants in April. Please click here to review the press release. 

The Governmental Accounting Standards Board (GASB) created statement 79 to “address accounting and financial reporting for certain external investment pools and pool participants”. GASB 79 is the national guidance for all local government investment pools electing to measure investments at amortized cost for financial reporting purposes.  Due to the reform of SEC 2a-7 in October 2016, GASB 79 was written to replace the current guideline regarding LGIP’s to be 2a-7 like. 

The GASB 79 statement allows many state and local government external investments pools to continue to qualify for amortized cost accounting. CSAFE adheres to the guidelines outlined in GASB 79 regarding liquidity, maturity, quality, diversifications and shadow NAV pricing. 

CSAFE follows all guidelines outlined in GASB 79, highlighting the following:

1. Security maturing in 397 calendar days or less
2. Maintain a weighted average maturity of 60 days or less
3. Maintain a weighted average life of 120 days or less
4. Securities denominated only in USD
5. A security must be rated by an NRSRO with the highest category rating of short-term credit ratings or its long-term equivalent category.
6. Securities without credit ratings must be comparable credit quality to securities that have been rated within the highest category of short term credit ratings.
7. No more than 5% of its total assets in investments of any one security (except for U.S. government securities, including its agencies and instrumentalities)
8. No more than 10% of its total assets in investments with credit support through a demand feature or guarantee in one issuer.
9. Will hold at least 10% of its total assets in daily liquid assets.
10. Will hold at least 30% of its total assets in weekly liquid assets.
11. CSAFE prices its portfolio daily using multiple pricing sources and posts its shadow NAV daily on its website.
12. CSAFE measures all of its investments at amortized cost

Please do not hesitate to call 303-316-5151 if you have any further questions.