HomeMy WebLinkAboutE-08 Staff Report Treasurers Report 01-2017CONSENT ITEM
E-8
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: MARCH 6, 2017
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF JANUARY 2017
SUMMARY:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of January 2017. City investments are made in accordance with the City’s
Investment Policy adopted and approved with Resolution No. 05-C16 dated, February 22, 2005,
and Government Code Section 53600 et seq.
RECOMMENDATION:
Staff recommends that the City Council take the following action:
1)Receive, review, and file the City Treasurer’s Report for the month of January 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 December 31, 2016 to January
31, 2017 is a net increase of $3,793,323.57.
The change in total cash in bank and investments (at market) from December 31, 2016 to January
31, 2017 is a net increase of $3,820,463.69.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
COUNCIL MEETING
3/6/2017
Received and Filed
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit January 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 283,647.00
Stagecoach Sweep Account DDA XXX-XXX1244 8,588,807.74
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 3,109.06
Section 108
0.020% Choice IV-Public Fund Account XXX-XXX2239 30,203.82
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 1,304.79
100,000 05/30/17 1.100%Certificate of Deposit Goldman Sachs Bank Matures 5/30/17 CUSIP 38147JC75 100,130.70
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 22,280.72
250,000 03/28/17 0.950%Certificate of Deposit Bank of America Matures 12/07/17 06051VA22 250,096.00
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 5,724.30
Investments In Fixed Income. Equities, Real Asset Funds & Other 148,256.06
TOTALS WELLS FARGO BANK ACCOUNTS 9,433,560.19
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 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 1,373.34
245,000.00 American Express Bank, FSB 2.050%07/31/19 02587CAM2 07/31/14 245,000.00 101.364 248,341.80 5,036.26
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 101.862 249,561.90 2,840.66
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 101.974 209,046.70 2,209.79
Multi Bank Securities 245,000.00 Barclays Bank of Delaware 2.200%09/16/20 06740KJK4 09/16/15 245,000.00 101.842 249,512.90 2,717.15
Multi Bank Securities 245,000.00 Capital One Bank 2.000%11/05/19 140420QN3 11/05/14 245,000.00 101.627 248,986.15 2,471.14
Multi Bank Securities 247,000.00 Capital One NA 2.300%07/07/15 14042E4P2 07/15/15 247,000.00 101.772 251,376.84 5,696.57
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 101.793 249,392.85 2,655.40
Multi Bank Securities 245,000.00 Comenity Cap Bank 1.850%10/09/18 20033AHA7 10/16/14 244,265.00 100.510 246,249.50 2,657.39
Multi Bank Securities 245,000.00 Everbank 2.050%08/28/20 29976DA59 08/28/15 245,000.00 101.185 247,903.25 2,504.37
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.335 245,820.75 2,470.14
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 100.012 248,029.76 2689.98
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.100%01/21/15 38148JHQ7 01/21/20 247,000.00 101.675 251,137.25 5,201.21
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 102.065 250,059.25 2,443.29
Multi Bank Securities 245,000.00 JP Morgan Chase Bank 1.650%08/16/21 48126XAH8 08/16/16 245,000.00 97.940 239,953.00 1,018.93
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 101.790 251,421.30 5,572.73
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 100.253 245,619.85
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.200%11/04/20 795450WV3 10/30/15 245,000.00 101.755 249,299.75 2,717.15
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 100.515 246,261.75 2,099.62
Multi Bank Securities 245,000.00 Synchrony Bank 1.900%04/24/15 87165FGF5 04/24/20 245,000.00 101.260 248,087.00 2,333.88
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 101.634 252,052.32 2,500.38
Wachovia Sec 245,000.00 Webster Bank NA 1.000%12/12/17 94768NJD7 12/12/12 245,000.00 100.073 245,178.85 1,228.36
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 101.774 203,548.00 2,814.24
TOTALS 5,562,000.00 5,316,265.00 5,376,840.72 60,437.74
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 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 92,521.94
Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900%12/26/17 3133ECB45 12/26/12 999,500.00 99.954 999,540.00 4,500.00
RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050%03/14/18 3133ECJ39 03/14/13 999,500.00 99.921 999,210.00 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 99.896 998,960.00 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 98.429 984,290.00 3,500.00
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 99.102 991,020.00 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 98.750 987,500.00 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 96.840 968,400.00 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 97.489 974,890.00 12,375.00
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 99.356 1,386,016.20 3,030.25
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 97.765 977,650.00 4,200.00
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 99.226 992,260.00
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 97.537 975,370.00
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 96.662 966,620.00
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 99.105 991,050.00
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 98.761 987,610.00
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 98.394 983,940.00
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 97.856 978,560.00
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 96.649 966,490.00
National Financial Se 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.810 998,100.00
National Financial Se 1,000,000 FHLMC 1.750 12/14/20 1.750%12/14/20 3134GAZJ6 12/14/16 1,000,000.00 99.238 992,380.00
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 99.508 995,080.00
National Financial Se 1,000,000 FHLMC 2.250 12/30/21 2.250%12/30/21 3134GAB86 12/30/16 1,000,000.00 99.819 998,190.00
Multi-Bank Sec 1,000,000 FHLMC 2.450 12/30/21 2.450%12/30/21 3134GAC77 12/30/16 1,000,000.00 100.010 1,000,100.00
National Financial Se 1,000,000 FNMA 1.250 1/07/20 1.250%01/07/20 3136G4BQ5 10/26/16 1,000,000.00 98.803 988,030.00 2,465.28
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 98.658 986,580.00 (613.89)
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 97.168 971,680.00
National Financial Se 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 98.140 981,400.00
National Financial Se 1,000,000 FFCB 1.950 11/23/21 1.950%11/23/21 3133EGL37 11/23/16 1,000,000.00 99.160 991,600.00
National Financial Se 1,000,000 fhlmc 1.800 1/27/20 1.800%01/27/20 3134GAK60 01/27/17 1,000,000.00 100.007 1,000,070.00
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 97.027 970,270.00
TOTALS 49,395,000 30,390,350.00 29,982,856.20 155,778.58
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.350%N/A N/A N/A 33,117.14 100.000 33,117.14 8,728.73
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 0.751%N/A N/A N/A 33,083,680.09 100.000 33,083,680.09 37,671.41
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 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 99.663 996,630.00 5,000.00
TOTALS 1,000,000 998,000.00 996,630.00 5,000.00
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 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 1,070.62
Higgins/RBC 245,000.00 Bank Baroda New York 1.850%11/23/21 06062QXG4 11/23/16 245,000.00 99.374 243,466.30
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 100.921 247,256.45 2,346.63
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 100.262 245,641.90 2,470.12
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 98.677 244,718.96 2,175.95
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 98.709 245,785.41 2,196.66
TOTALS 987,000.00 1,232,000.00 1,226,869.02 10,259.98
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer January 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 18,561.94
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 99.684 996,840.00 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 98.897 988,970.00
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 98.746 987,460.00 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 98.761 987,610.00
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 97.307 973,070.00
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 99.684 996,840.00
National Financial Ser 1,000,000.00 FHLB 2.000 9/29/20 2.000%09/29/20 3130AAGZ5 12/29/16 1,000,000.00 100.037 1,000,370.00
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 99.533 995,330.00
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 99.505 995,050.00
TOTALS 9,000,000.00 8,998,981.00 8,921,540.00 29,561.94
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.350%N/A N/A N/A 13,564.40 100.000 13,564.40 3,436.26
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 80,065,957.63 79,635,097.57 310,874.64
*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 80,065,957.63$ Jan Inv 79,635,097.57$
Dec Inv 79,263,613.10$ Dec Inv 78,805,612.92$
Jan Bank 9,433,560.19$ Jan Bank 9,433,560.19$
Dec Bank 6,442,581.15$ Dec Bank 6,442,581.15$
Change 3,793,323.57$ Change 3,820,463.69$