HomeMy WebLinkAboutE-5 Staff Report - Treasurers Report 10-2017CONSENT ITEM
E-5
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: DECEMBER 18, 2017
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF OCTOBER 2017
SUMMARY:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of October 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 October 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 September 30, 2017 to October
31, 2017 is a net increase of $1,685,212.37.
The change in total cash in bank and investments (at market) from September 30, 2017 to
October 31, 2017 is a net increase of $1,601,090.63.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
12/18/2017
Received and Filed
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit October 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 254,594.00
Stagecoach Sweep Account DDA XXX-XXX1244 4,813,735.37
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 30,126.74
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 2,290.66
100,000 05/30/17 1.100%Certificate of Deposit Goldman Sachs Bank Matures 5/30/17 CUSIP 38147JC75 99,966.80
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 22,428.55
250,000 03/28/17 0.950%Certificate of Deposit Bank of America Matures 12/07/17 06051VA22 249,975.00
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 5,370.03
Investments In Fixed Income. Equities, Real Asset Funds & Other 154,857.56
TOTALS WELLS FARGO BANK ACCOUNTS 5,635,953.77
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 13,025.85
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 100.094 245,230.30
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 100.485 246,188.25 2,840.66
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 100.968 206,984.40
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 99.906 244,769.70 (200.70)
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 100.573 246,403.85 2,840.66
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 100.310 247,765.70
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 100.849 247,080.05
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 99.926 244,818.70
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.229 245,561.05
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 99.541 246,861.68 1533.54
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 100.555 248,370.85 2,863.85
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 101.092 247,675.40 3,025.92
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 101.054 247,582.30 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 97.852 239,737.40 1,018.93
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 100.270 245,661.50 1,842.54
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 100.831 249,052.57 2,755.91
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 99.788 244,480.60
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 99.926 244,818.70
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 100.274 245,671.30 1,883.48
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 100.081 245,198.45 2,717.15
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 100.490 246,200.50
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 100.019 245,046.55
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 100.727 249,802.96
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 99.652 244,147.40 (310.11)
Wachovia Sec 245,000.00 Webster Bank NA 1.000%12/12/17 94768NJD7 12/12/12 245,000.00 99.994 244,985.30
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 100.818 201,636.00 1,604.38
TOTALS 7,524,000.00 6,297,000.00 6,311,731.46 38,267.54
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 11,850.00
Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900%12/26/17 3133ECB45 12/26/12 999,500.00 99.979 999,790.00
RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050%03/14/18 3133ECJ39 03/14/13 999,500.00 99.908 999,080.00 5,250.00
Higgins 1,000,000 FNMA 1.050 05/25/18 1.050%05/25/18 3135G0XK4 05/30/13 1,000,000.00 99.760 997,600.00
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 98.987 989,870.00 7,000.00
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 99.609 996,090.00 9,250.00
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 98.699 986,990.00 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 98.013 980,130.00 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 97.824 978,240.00 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 99.077 1,382,124.15
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 98.391 983,910.00 8,400.00
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 99.204 992,040.00 5,750.00
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 98.490 984,900.00 8,000.00
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 98.009 980,090.00 8,125.00
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 98.872 988,720.00 6,250.00
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 99.334 993,340.00 5,000.00
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 98.795 987,950.00 6,250.00
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 98.100 981,000.00 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 96.891 968,910.00 8,500.00
National Financial Ser 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.430 994,300.00
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 99.453 994,530.00
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 98.938 989,380.00
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 98.688 986,880.00 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 98.647 986,470.00 6,500.00
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 97.291 972,910.00 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 98.366 983,660.00
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 98.840 988,400.00
National Financial Ser 1,000,000 FFCB 2.000 9/12/22 2.000%09/12/22 3133EHXZ1 09/08/17 1,000,000.00 99.296 992,960.00 (166.67)
National Financial Ser 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 99.703 997,030.00 (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 98.931 989,310.00 (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 99.231 992,310.00 4,875.00
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 97.211 972,110.00
TOTALS 33,395,000 31,390,200.00 31,011,024.15 140,411.67
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.600%N/A N/A N/A 33,427.36 100.000 33,427.36 925.48
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 1.143%N/A N/A N/A 31,830,194.21 100.000 31,830,194.21 84,325.74
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 99.780 997,800.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 100.155 245,379.75
TOTALS 1,245,000 1,243,000.00 1,243,179.75 0.00
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 99.058 242,692.10
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 100.143 245,350.35
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 100.190 245,465.50 1,637.80
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 98.463 244,188.24 0.00
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 98.486 245,230.14 1,456.48
TOTALS 987,000.00 1,232,000.00 1,222,926.33 3,094.28
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 5,025.00
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 99.907 999,070.00 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 98.868 988,680.00 5,900.00
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 98.726 987,260.00 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 99.334 993,340.00 5,000.00
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 98.204 982,040.00 7,900.00
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 99.257 992,570.00 7,400.00
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 99.425 994,250.00 4,375.00
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 99.123 991,230.00
National Financial Ser 1,000,000.00 FNMA 2.200 10/27/22 2.200%10/27/22 3136G4PU1 10/27/17 1,000,000.00 99.586 995,860.00
TOTALS 9,000,000.00 8,999,381.00 8,924,300.00 46,600.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.600%N/A N/A N/A 130,055.08 100.000 130,055.08 290.29
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 81,155,257.65 80,706,838.34 313,915.00
*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
OCT Inv 81,155,257.65$ OCT Inv 80,706,838.34$
SEP Inv 80,892,958.92$ SEP Inv 80,528,661.35$
OCT Bank 5,635,953.77$ OCT Bank 5,635,953.77$
SEP Bank 4,213,040.13$ SEP Bank 4,213,040.13$
Change 1,685,212.37$ Change 1,601,090.63$