Announcements

Educational Session


By CSAFE - February 23, 2018

CSAFE invites you to an educational session on public fund investing.  This is an opportunity for you and your staff to revisit your investment policy, cash forecasting/asset allocation and improving portfolio return-- presented by CSAFE’s investment advisory team, the Zephyr Group at Morgan Stanley.

The portfolio managers will also present Colorado Core, a new LGIP in the CSAFE Trust family and will be on hand to compare and contrast LGIP offerings, ratings, and compare characteristics at one of the following meeting places from 10:00 am-noon:

 ·       February 21st at the Jefferson County Administration Building in Golden, Quad Room 1st level, Tim Kauffman and Jeff Hansen (City of Golden) co-hosts

·       March 7th at the Douglas County Administration Building in Castle Rock, Rooms A&B, main entrance, Diane Holbert & Sue Sandstrom (Arapahoe County) co-hosts

·       March 9th at the City of Loveland Library on 300 N. Adams, Loveland in the Gertrude Scott Room, main entrance, Alan Krcmarik Host

·       April 12th  at Denver Water Administration Building, 1600 W. 12th Ave, Denver, 80254, Aneta Rettig and Brenden Morgan (RTD) co-hosts. 10:00-noon

 CSAFE will be offering 2 CPE credits for attending and lunch is provided too.

 We hope you can join us for one of these educational sessions and look forward to connecting with you and our communities.  

 Please RSVP to: marketing@csafe.org  as soon as possible or call 303-316-5135 as space is limited.

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GASB Statement 79


December 20, 2016

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.
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