HomeMy WebLinkAboutE-10 Staff Report - Treasurers Report 08-2017CONSENT ITEM
E-10
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: NOVEMBER 6, 2017
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF AUGUST 2017
SUMMARY:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of August 2017. City investments are made in accordance with the City’s
Investment Policy adopted and approved with Resolution No. 13-C8 dated, February 4, 2013,
and Government Code Section 53607 and 53600.5 et seq.
RECOMMENDATION:
Staff recommends the City Council take the following action:
1)Receive, review, and file the City Treasurer’s Report for the month of August 2017.
DISCUSSION:
The balances of cash, investments, and projected revenues for the next six months are expected
to be sufficient to meet cash disbursement requirements of the City for at least the next six
months.
The change in total cash in bank and investments (at cost) from July 31, 2017 to August 31, 2017
is a net decrease of $6,280,180.09.
The change in total cash in bank and investments (at market) from July 31, 2017 to August 31,
2017 is a net decrease of $6,189,078.19.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
COUNCIL MEETING
11/6/2017
Received & Filed
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit August 31, 2017
Held in Wells Fargo Bank
Face
Amount
Maturity
Date
Interest or
Coupon
Rate
Description Account Number
or CUSIP
Balance
or
Market Value
Checking Accounts
General Checking Account XXX-XXX1244 61,949.00
Stagecoach Sweep Account DDA XXX-XXX1244 2,659,152.57
Worker's Compensation Checking (ZBA account)XXXX-XX3279 0.00
Payroll Checking (ZBA account)XXXX-XX1393 0.00
Police Detective Petty Cash Fund XXX-XXX2231 2,609.06
Section 108
0.090% Choice IV-Public Fund Account XXX-XXX2239 30,165.50
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 2,077.83
100,000 05/30/17 1.100%Certificate of Deposit Goldman Sachs Bank Matures 5/30/17 CUSIP 38147JC75 99,909.00
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 22,389.18
250,000 03/28/17 0.950%Certificate of Deposit Bank of America Matures 12/07/17 06051VA22 249,875.50
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 3,577.42
Investments In Fixed Income. Equities, Real Asset Funds & Other 154,019.78
TOTALS WELLS FARGO BANK ACCOUNTS 3,285,724.84
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 31, 2017
Broker Face Amount Description Coupon
Rate
Maturity
Date Acct/Cusip No.Settlement
Date Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
City of Azusa Investments - Certificates of Deposit - FDIC Insured
CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 3,346.34
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 100.567 246,389.15
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 101.144 247,802.80
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 101.042 207,136.10
Multi Bank Securities 245,000.00 Barclays Bank of Delaware 2.200%09/16/20 06740KJK4 09/16/15 245,000.00 101.158 247,837.10
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 100.969 247,374.05
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 100.442 248,091.74
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 100.905 247,217.25
Multi Bank Securities 245,000.00 Comenity Cap Bank 1.850%10/09/18 20033AHA7 10/16/14 244,265.00 100.033 245,080.85 757.48
Multi Bank Securities 245,000.00 Everbank 2.050%08/28/20 29976DA59 08/28/15 245,000.00 100.569 246,394.05 2,490.61
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.152 245,372.40
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 99.938 247,846.24 766.77
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 100.941 249,324.27
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 101.201 247,942.45
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 101.302 248,189.90 2,429.86
Multi Bank Securities 245,000.00 JP Morgan Chase Bank 1.650%08/16/21 48126XAH8 08/16/16 245,000.00 98.398 241,075.10 1,018.93
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 100.605 246,482.25 921.27
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 101.041 249,571.27 2,755.91
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 100.251 245,614.95
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 100.501 246,227.45 941.74
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 100.418 246,024.10
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 100.725 246,776.25
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 99.984 244,960.80
Multi Bank Securities 245,000.00 Synchrony Bank 1.900%04/24/20 87165FGF5 04/24/15 245,000.00 100.514 246,259.30
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 100.776 249,924.48
Wachovia Sec 245,000.00 Webster Bank NA 1.000%12/12/17 94768NJD7 12/12/12 245,000.00 99.961 244,904.45
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 101.016 202,032.00 802.19
TOTALS 6,544,000.00 6,296,265.00 6,331,850.75 15,428.91
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 31, 2017
Broker Face Amount Description Coupon
Rate
Maturity
Date Acct/Cusip No.Settlement
Date Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
City of Azusa Investments - AAA Rated Federal Agency Bonds
BONDS CALLED OR MATURED DURING FISCAL YEAR 5,375.00
Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900%12/26/17 3133ECB45 12/26/12 999,500.00 99.988 999,880.00
RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050%03/14/18 3133ECJ39 03/14/13 999,500.00 99.917 999,170.00
Higgins 1,000,000 FNMA 1.050 05/25/18 1.050%05/25/18 3135G0XK4 05/30/13 1,000,000.00 99.849 998,490.00
Gilford/Sterne Agee 1,000,000 FFCB 1.400 3/16/20 1.400%03/16/20 3133EGFY6 06/16/16 1,000,000.00 99.605 996,050.00
Gilford/Sterne Agee 1,000,000 FFCB 1.850 3/23/21 1.850%03/23/21 3133EFR82 03/16/16 1,000,000.00 100.000 1,000,000.00
Gilford/Sterne Agee 1,000,000 FFCB 1.250 1/21/20 1.250%01/21/20 3133EGNE1 07/21/16 1,000,000.00 99.181 991,810.00 6,250.00
Gilford/Sterne Agee 1,000,000 FFCB 1.560 7/26/21 1.560%07/26/21 3133EGNM3 07/26/16 1,000,000.00 98.984 989,840.00 7,800.00
Gilford/Sterne Agee 1,000,000 FHLB 1.650 1/22/21 1.650%01/22/21 3130A7RA5 04/22/16 1,000,000.00 98.554 985,540.00 8,250.00
Gilford/Sterne Agee 1,395,000 FHLMC 1.150 6/28/19 1.150%06/28/19 3134GANG5 10/20/16 1,395,000.00 99.431 1,387,062.45
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 99.178 991,780.00
Gilford/Sterne Agee 1,000,000 FFCB 1.150 3/6/19 1.150%03/06/19 3133EGTS4 09/06/16 1,000,000.00 99.479 994,790.00
Gilford/Sterne Agee 1,000,000 FHLB 1.600 9/27/21 1.600%09/27/21 3130A9JZ5 09/27/16 1,000,000.00 99.263 992,630.00
Multi-Bank Sec 1,000,000 FHLB 1.625 9/30/21 1.625%09/30/21 3130A9F89 09/30/16 1,000,000.00 99.029 990,290.00
Gilford/Sterne Agee 1,000,000 FNMA 1.250 9/30/19 1.250%09/30/19 3136G4AA1 09/30/16 1,000,000.00 99.280 992,800.00
Multi-Bank Sec 1,000,000 VR FHLB 1.00 9/30/21 1.000%09/30/21 3130A9JA0 09/30/16 1,000,000.00 99.688 996,880.00
Gilford/Sterne Agee 1,000,000 VR FHLM 1.250 9/29/21 1.250%09/29/21 3134GAKL7 09/29/16 1,000,000.00 99.247 992,470.00
Multi-Bank Sec 1,000,000 FHLMC 1.650 8/25/21 1.650%08/25/21 3134GAAM6 08/25/16 1,000,000.00 98.813 988,130.00 8,250.00
Multi-Bank Sec 1,000,000 FHLMC 1.700 10/27/21 1.700%10/27/21 3134GAPL2 10/27/16 1,000,000.00 97.871 978,710.00
National Financial Ser 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.701 997,010.00
National Financial Ser 1,000,000 FHLMC 1.750 12/14/20 1.750%12/14/20 3134GAZJ6 12/14/16 1,000,000.00 100.003 1,000,030.00
Multi-Bank Sec 1,000,000 FHLMC 2.050 12/30/21 2.050%12/30/21 3134GAZR8 12/30/16 1,000,000.00 100.001 1,000,010.00
National Financial Ser 1,000,000 FNMA 1.250 1/07/20 1.250%01/07/20 3136G4BQ5 10/26/16 1,000,000.00 99.158 991,580.00 6,250.00
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 99.242 992,420.00
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 98.241 982,410.00 7,750.00
National Financial Ser 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 98.761 987,610.00
National Financial Ser 1,000,000 FFCB 1.950 11/23/21 1.950%11/23/21 3133EGL37 11/23/16 1,000,000.00 99.935 999,350.00
National Financial Ser 1,000,000 FFCB 2.100 5/24/21 2.100%05/24/21 3133EHAG8 02/14/17 1,000,000.00 100.009 1,000,090.00
National Financial Ser 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 99.855 998,550.00 (3,638.33)
National Financial Ser 1,000,000 FFCB 2.000 11/01/21 2.000%11/01/21 3133EHTE3 08/25/17 1,000,000.00 100.000 1,000,000.00 (1,333.33)
National Financial Ser 1,000,000 FFCB 1.950 10/05/21 1.950%10/05/21 3133EHQM8 07/05/17 1,000,000.00 99.910 999,100.00
Multi-Bank Sec 1,000,000 FHLMC 1.700 11/10/21 1.700%11/10/21 3134GATC8 11/10/16 1,000,000.00 98.211 982,110.00
TOTALS 32,395,000 31,390,200.00 31,196,592.45 44,953.34
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.500%N/A N/A N/A 60,266.48 100.000 60,266.48 770.98
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 1.084%N/A N/A N/A 33,734,595.55 100.000 33,734,595.55 84,325.74
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 31, 2017
Broker Face Amount Description Coupon
Rate
Maturity
Date Acct/Cusip No.Settlement
Date Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
City of Azusa Investments - AAA Rated Corporate Bonds
BONDS CALLED OR MATURED DURING FISCAL YEAR 0.00
Gilford/Sterne Agee 1,000,000 Apple 1.00 5/03/18 1.000%05/03/18 037833AJ9 04/27/15 998,000.00 99.755 997,550.00
TOTALS 1,000,000 998,000.00 997,550.00 0.00
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 31, 2017
Broker Face Amount Description Coupon
Rate
Maturity
Date Acct/Cusip No.Settlement
Date Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
Light & Water Fund Investments - Certificates of Deposit - FDIC Insured
CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 0.00
Higgins/RBC 245,000.00 Bank Baroda New York 1.850%11/23/21 06062QXG4 11/23/16 245,000.00 99.508 243,794.60
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 100.246 245,602.70
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 100.088 245,215.60 818.90
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 98.973 245,453.04 0.00
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 98.984 246,470.16 728.24
TOTALS 987,000.00 1,232,000.00 1,226,536.10 1,547.14
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 31, 2017
Broker Face Amount Description Coupon
Rate
Maturity
Date Acct/Cusip No.Settlement
Date Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
Light & Water Fund Investments - AAA Rated Federal Agency Bonds
BONDS CALLED OR MATURED DURING FISCAL YEAR 0.00
Gilford Sec 1,000,000.00 FHLB 1.000 02/27/18 1.000%02/27/18 3133823D3 02/27/13 1,000,000.00 99.918 999,180.00 5,000.00
Gilford Sec 1,000,000.00 FFCB 1.180 10/18/19 1.180%10/18/19 3133EGLD5 07/18/16 999,500.00 99.274 992,740.00
Gilford Sec 1,000,000.00 FFCB 1.200 1/06/20 1.200%01/06/20 3133EGJV8 07/06/16 1,000,000.00 98.993 989,930.00 6,000.00
Multi-Bank Sec 1,000,000.00 VR FHLB 1.000 9/30/21 1.000%09/30/21 3130A9JA0 09/30/16 1,000,000.00 99.688 996,880.00
Multi-Bank Sec 1,000,000.00 FFCB 1.580 10/25/21 1.580%10/25/21 3133EGZP3 10/25/16 999,881.00 98.270 982,700.00
National Financial Ser 1,000,000.00 FFCB 1.480 9/6/19 1.480%09/06/19 3133EGN84 12/06/16 1,000,000.00 99.681 996,810.00
National Financial Ser 1,000,000.00 FHLMC 1.750 9/29/20 1.750%09/29/20 3134GBTR3 06/29/17 1,000,000.00 100.003 1,000,030.00
National Financial Ser 1,000,000.00 FHLB 2.010 12/22/21 2.010%12/22/21 3130AA5U8 12/22/16 999,600.00 100.002 1,000,020.00
Multi-Bank Sec 1,000,000.00 FHLMC 2.000 12/30/21 2.000%12/30/21 3134GAYV0 12/30/16 1,000,000.00 100.005 1,000,050.00
TOTALS 9,000,000.00 8,998,981.00 8,958,340.00 11,000.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.500%N/A N/A N/A 93,077.18 100.000 93,077.18 56.22
CITY OF AZUSA and LIGHT & WATER RATE STABLIZATION Principal**
Market Price
(Changes
Monthly)
Market
Value***
Interest Received Fiscal
Year to Date*
TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 82,803,385.21 82,598,808.51 158,082.33
*The Interest reflects earnings received from July 1, 2014.
**The "Principal" column reflects the balance on the last day of the month or the "historical cost" spent to purchase a security.
***The "Market Value" is the current price at which a security can be traded or sold.
Page 5
Cost Market
AUG Inv 82,803,385.21$ AUG Inv 82,598,808.51$
JUL Inv 87,572,104.89$ JUL Inv 87,276,426.29$
AUG Bank 3,285,724.84$ AUG Bank 3,285,724.84$
JUL Bank 4,797,185.25$ JUL Bank 4,797,185.25$
Change (6,280,180.09)$ Change (6,189,078.19)$