HomeMy WebLinkAboutE-12 Staff Report - City Treasurers Report 01-2018CONSENT ITEM
E-12
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: APRIL 16, 2018
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF JANUARY 2018
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of January 2018. 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 January 2018.
ANALYSIS:
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 December 31, 2017 to January
31, 2018 is a net increase of $3,587,802.07.
The change in total cash in bank and investments (at market) from December 31, 2017 to January
31, 2018 is a net increase of $3,251,035.85.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
4/16/2018
Received and Filed
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit January 31, 2018
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 105,769.00
Stagecoach Sweep Account DDA XXX-XXX1244 6,500,123.01
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 2,109.06
Section 108
0.090% Choice IV-Public Fund Account XXX-XXX2239 30,068.65
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 2,613.21
100,000 05/31/18 1.250%Certificate of Deposit Live Oak Banking Company Matures 5/31/18 CUSIP 538036CV4 99,914.80
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 24,882.58
250,000 03/28/17 0.950%Certificate of Deposit Bank of America Matures 12/07/17 06051VA22 249,701.00
City of Azusa Settlement Trust
WFB Public Institutional Bank Money Market WFB XXXX6615 15,032.07
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 5,963.61
Investments In Fixed Income. Equities, Real Asset Funds & Other 155,828.33
TOTALS WELLS FARGO BANK ACCOUNTS 7,192,005.32
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 31, 2018
1/31/2018
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 14,254.21
Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 98.348 240,952.60 900.79
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 98.753 241,944.85 2,902.41
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 99.552 243,902.40 2,840.66
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 100.144 205,295.20 2,209.79
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 98.847 242,175.15 (200.70)
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 99.451 243,654.95 2,840.66
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 99.219 245,070.93
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 100.067 245,164.15 2,655.40
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 98.859 242,204.55 1,420.33
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 99.829 244,581.05 2,470.14
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 98.541 244,381.68 2689.98
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 99.434 245,601.98 2,863.85
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 99.996 244,990.20 3,025.92
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 100.069 245,169.05 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 96.864 237,316.80 2,037.86
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 99.088 242,765.60
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 99.162 242,946.90 3,232.00
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 99.883 246,711.01 5,557.50
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 98.661 241,719.45 2,518.13
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 100.208 245,509.60
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 98.859 242,204.55 1,420.33
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 99.171 242,968.95 3,303.81
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 98.987 242,518.15 2,717.15
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 99.380 243,481.00 2,886.64
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 99.588 243,990.60 2,099.62
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 99.952 247,880.96 2,500.38
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 98.598 241,565.10 (310.11)
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 99.872 199,744.00 2,814.24
TOTALS 6,787,000.00 6,787,000.00 6,736,411.41 74,080.85
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 31, 20181/31/2018
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 16,350.00
RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050%03/14/18 3133ECJ39 03/14/13 999,500.00 99.967 999,670.00 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 99.847 998,470.00 5,250.00
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 98.052 980,520.00 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 97.832 978,320.00 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 97.864 978,640.00 12,500.00
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 96.595 965,950.00 15,600.00
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 97.643 976,430.00 16,500.00
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 98.513 1,374,256.35 8,021.25
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 97.609 976,090.00 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 98.803 988,030.00 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 96.908 969,080.00 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 96.458 964,580.00 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 98.197 981,970.00 6,250.00
National Financial Ser 1,000,000 FHLB 2.000 12/11/20 2.000%12/11/20 3130ACU36 12/11/17 999,750.00 98.751 987,510.00
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 98.678 986,780.00 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 97.847 978,470.00 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 96.589 965,890.00 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 95.392 953,920.00 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 98.551 985,510.00 7,500.00
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 98.059 980,590.00 8,750.00
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 97.220 972,200.00 10,250.00
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 97.966 979,660.00 12,500.00
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 97.862 978,620.00 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 96.577 965,770.00 7,750.00
National Financial Ser 1,000,000 FHLMC 2.400 11/28/22 2.400%11/28/22 3134GBY63 11/28/17 1,000,000.00 97.700 977,000.00
National Financial Ser 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 96.931 969,310.00 7,450.00
Multi-Bank Sec 1,000,000 FHLMC 2.400 12/29/22 2.400%12/29/22 3134GB4U3 12/29/17 1,000,000.00 97.832 978,320.00
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 97.173 971,730.00 9,750.00
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 96.837 968,370.00 (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 98.160 981,600.00 5,211.67
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 97.280 972,800.00 3,666.67
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 97.829 978,290.00 4,875.00
National Financial Ser 1,110,000 FFCB 2.230 6/28/21 2.230%06/28/21 3133EH4S9 01/03/18 1,110,000.00 98.937 1,098,200.70 (343.79)
National Financial Ser 1,000,000 FHLMC 2.550 1/30/23 2.550%01/30/23 3134GSBY0 01/30/18 998,500.00 99.329 993,290.00
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 95.673 956,730.00 8,500.00
TOTALS 35,505,000 35,498,950.00 34,712,567.05 252,439.13
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.600%N/A N/A N/A 34,388.56 100.000 34,388.56 1,324.26
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 1.172%N/A N/A N/A 31,926,825.66 100.000 31,926,825.66 180,957.19
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 31, 20181/31/2018
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 99.841 998,410.00 5,000.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 99.081 242,748.45
TOTALS 1,245,000 1,243,000.00 1,241,158.45 5,000.00
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 31, 2018
43,131
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 97.965 240,014.25 2,284.88
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 99.295 243,272.75 2,346.63
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 99.660 244,167.00 2,872.86
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 97.464 241,710.72 2,175.95
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 97.487 242,742.63 2,554.81
TOTALS 987,000.00 1,232,000.00 1,211,907.35 12,235.13
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 31, 2018
1/31/2018
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 99.994 999,940.00 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 98.178 981,780.00 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 97.948 979,480.00 12,000.00
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 98.678 986,780.00 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 96.590 965,900.00 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 98.571 985,710.00 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 98.137 981,370.00 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 97.389 973,890.00 10,000.00
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 97.462 974,620.00
TOTALS 9,000,000.00 8,999,381.00 8,829,470.00 62,600.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.600%N/A N/A N/A 155,219.31 100.000 155,219.31 913.83
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 85,876,764.53 84,847,947.79 589,550.39
*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
JAN Inv 85,876,764.53$ JAN Inv 84,847,947.79$
DEC Inv 83,504,918.89$ DEC Inv 82,812,868.37$
JAN Bank 7,192,005.32$ JAN Bank 7,192,005.32$
DEC Bank 5,976,048.89$ DEC Bank 5,976,048.89$
Change 3,587,802.07$ Change 3,251,035.85$