HomeMy WebLinkAboutE-3 - Treasurers Report, March 2016CONSENT ITEM
E-3
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: MAY 2, 2016
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR MARCH 2016
SUMMARY:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for March 2016. 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 March 2016.
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 February 29, 2016 to March 31,
2016 is a net increase of $4,088,701.07.
The change in total cash in bank and investments (at market) from February 29, 2016 to March
31, 2016 is a net increase of $4,128,902.04.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
COUNCIL MEETING
5/2/2016
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2016
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 255,621.25
Gilford Sec 1,000,000 FFCB 0.770 6/15/17 0.770%06/15/17 3133EC5L4 12/05/12 999,300.00 100.008 1,000,080.00 3,850.00
Gilford Sec 1,000,000 FFCB 0.900 12/26/17 0.900%12/26/17 3133ECB45 12/26/12 999,500.00 100.001 1,000,010.00 4,500.00
Gilford Sec 1,000,000 FFCB 1.030 3/12/18 1.030%03/12/18 3133ECHS6 03/12/13 1,000,000.00 99.937 999,370.00 10,300.00
RBC Dain Rauscher 1,000,000 FFCB 1.050 3/14/18 1.050%03/14/18 3133ECJ39 03/14/13 999,500.00 100.003 1,000,030.00 10,500.00
Gilford Sec 1,000,000 FHLB .085 07/24/17 0.850%07/24/17 313380WR4 10/24/12 1,000,000.00 100.001 1,000,010.00 8,500.00
Gilford Sec 1,000,000 FHLB 0.980 11/15/17 0.980%11/15/17 3133817D1 11/15/12 1,000,000.00 100.001 1,000,010.00 4,900.00
Higgins 1,000,000 FNMA 1.050 05/25/18 1.050%05/25/18 3135G0XK4 05/30/13 1,000,000.00 100.008 1,000,080.00 5,250.00
Gilford/Sterne Agee 1,000,000 FHLB 2.000 1/29/21 2.000%01/29/21 3130A6ZT7 01/29/16 1,000,000.00 100.404 1,004,040.00
Gilford/Sterne Agee 1,000,000 FFCB 1.650 9/8/20 1.650%09/08/20 3133EFK22 03/01/16 999,000.00 100.033 1,000,330.00
Gilford/Sterne Agee 1,000,000 FHLMC 1.340 12/28/18 1.340%12/28/18 3134G7XU0 09/28/15 1,000,000.00 100.096 1,000,960.00 3,350.00
Multi-Bank Sec 1,000,000 FFCB 1.800 3/24/21 1.800%03/24/21 3133EFS65 03/22/16 999,640.00 100.005 1,000,050.00
Gilford/Sterne Agee 1,000,000 FFCB 1.850 3/23/21 1.850%03/23/21 3133EFR82 03/16/16 1,000,000.00 100.292 1,002,920.00
Gilford/Sterne Agee 1,000,000 FFCB 1.700 10/08/20 1.700%10/08/20 3133EFHS9 10/08/15 999,000.00 100.001 1,000,010.00
Multi-Bank Sec 1,000,000 FHLMC 1.800 11/25/20 1.800%11/25/20 3134G76R7 10/29/15 999,440.00 100.054 1,000,540.00
RBC Dain Rauscher 1,000,000 FNMA 2.000 11/25/20 2.000%11/25/20 3135G0H22 11/06/15 1,000,000.00 100.245 1,002,450.00
Gilford/Sterne Agee 1,000,000 FNMA 2.000 11/25/20 2.000%11/25/20 3135G0H22 11/06/15 1,000,000.00 100.245 1,002,450.00
Gilford/Sterne Agee 1,000,000 FHLB 1.400 10/08/19 1.400%10/08/19 31330A6L54 10/08/15 999,000.00 100.001 1,000,010.00
Gilford/Sterne Agee 1,000,000 FHLB 1.950 6/23/20 1.950%06/23/20 3130A6VX2 12/23/15 1,000,000.00 100.006 1,000,060.00
Gilford/Sterne Agee 1,000,000 FHLB 1.750 3/30/21 1.750%03/30/21 3130A7FD2 02/26/16 1,000,000.00 100.027 1,000,270.00
Gilford/Sterne Agee 1,000,000 FHLMC 1.875 3/30/21 1.875%03/30/21 3134G8PB9 03/07/16 999,500.00 100.061 1,000,610.00
Multi-Bank Sec 1,000,000 VR FHLMC 1.800 11/25/20 0.750%03/15/21 3134G8NN5 02/25/16 1,000,000.00 99.941 999,410.00
TOTALS 51,405,556 20,993,880.00 21,013,700.00 306,771.25
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.150%N/A N/A N/A 7,355,824.61 100.000 7,355,824.61 996.00
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 0.506%N/A N/A N/A 23,925,854.15 100.000 23,925,854.15 37,671.41
ATTACHMENT 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit March 31, 2016
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 90,701.00
Stagecoach Sweep Account DDA XXX-XXX1244 5,485,388.18
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 30,335.10
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 200.08
100,000 05/30/17 1.100%Certificate of Deposit Goldman Sachs Bank Matures 5/30/17 CUSIP 38147JC75 100,271.90
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 271,754.50
250,000 03/28/17 0.750%0.00
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 4,294.80
Investments In Fixed Income. Equities, Real Asset Funds & Other 144,620.17
TOTALS WELLS FARGO BANK ACCOUNTS 6,130,674.79
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2016
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 9,062.20
245,000.00 American Express Bank, FSB 2.050%07/31/19 02587CAM2 07/31/14 245,000.00 101.613 248,951.85 5,022.50
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 101.980 249,851.00 2,809.78
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 102.145 209,397.25 2,209.79
Higgins/RBC 245,000.00 Bank Baroda New York 1.100%12/27/16 06062ACV9 12/26/13 245,000.00 100.358 245,877.10 1,351.19
Multi Bank Securities 245,000.00 Barclays Bank of Delaware 2.200%09/16/20 06740KJK4 09/16/15 245,000.00 101.950 249,777.50 2,687.62
Multi Bank Securities 245,000.00 Capital One Bank 2.000%11/05/19 140420QN3 11/05/14 245,000.00 101.775 249,348.75 2,470.14
Multi Bank Securities 247,000.00 Capital One NA 2.300%07/07/15 14042E4P2 07/15/15 247,000.00 101.808 251,465.76 2,863.85
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 101.782 249,365.90 2,655.40
Multi Bank Securities 245,000.00 Comenity Cap Bank 1.850%10/09/18 20033AHA7 10/16/14 244,265.00 100.745 246,825.25 3,402.46
Multi Bank Securities 245,000.00 Everbank 2.050%08/28/20 29976DA59 08/28/15 245,000.00 102.193 250,372.85 2,531.89
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.129 245,316.05 2,470.14
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 5,187.00
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 102.199 250,387.55 2,429.87
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 101.838 251,539.86 2,801.59
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.200%11/04/20 795450WV3 10/30/15 245,000.00 101.886 249,620.70
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 100.590 246,445.50 2,099.62
Multi Bank Securities 245,000.00 Synchrony Bank 1.900%04/24/15 87165FGF5 04/24/20 245,000.00 101.121 247,746.45 2,333.88
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 101.742 252,320.16 2,500.38
Wachovia Sec 245,000.00 Webster Bank NA 1.000%12/12/17 94768NJD7 12/12/12 245,000.00 100.990 247,425.50 1,228.36
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 100.819 250,031.12 364.53
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 101.811 203,622.00 3,208.76
TOTALS 6,562,000.00 5,071,265.00 5,146,825.35 58,482.19
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CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2016
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 04/27/15 998,000.00 100.206 1,002,060.00 5,000.00
Gilford/Sterne Agee 1,000,000 Chevron 1.718 6/24/18 1.718%06/24/18 166764AE0 01/11/16 1,000,640.00 100.946 1,009,460.00 (954.44)
TOTALS 2,000,000 1,998,640.00 2,011,520.00 4,045.56
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CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2016
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 198.36
Higgins/RBC 245,000.00 Bank Baroda New York 1.100%12/27/16 06062ACV9 12/24/13 245,000.00 100.358 245,877.10 1,351.19
Wachovia Sec 40,000.00 BMW Bank of NA 1.350%04/27/16 05568PW45 04/27/12 40,000.00 100.057 40,022.80 270.74
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 101.103 247,702.35 2,346.63
Wachovia Sec 200,000.00 GE Capital Financial Inc.1.250%05/18/16 36160XD87 05/18/12 200,000.00 100.096 200,192.00 1,260.27
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 101.087 247,663.15 1,221.64
TOTALS 730,000.00 975,000.00 981,457.40 6,648.83
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2016
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 54,027.23
Gilford Sec 1,000,000.00 FFCB 0.730 03/13/17 0.730%03/13/17 3133ECHG2 03/13/13 1,000,000.00 100.002 1,000,020.00 7,300.00
Gilford Sec 1,000,000.00 FFCB 0.820 07/11/17 0.820%07/11/17 3133EA4H8 10/12/12 999,000.00 100.001 1,000,010.00 8,200.00
Multi-Bank Sec 1,000,000.00 FHLMC 1.800 10/29/20 1.800%10/29/20 3134G7T27 10/29/15 1,000,000.00 100.056 1,000,560.00
Multi-Bank Sec 1,000,000.00 FHLB 1.850 1/28/21 1.850%01/28/21 3130A74V4 01/22/16 999,310.00 100.003 1,000,030.00 (51.39)
Gilford Sec 1,000,000.00 FHLB 1.000 02/27/18 1.000%02/27/18 3133823D3 02/27/13 1,000,000.00 100.028 1,000,280.00 10,000.00
Multi-Bank Sec 1,000,000.00 FHLMC 1.800 11/25/20 1.800%11/25/20 3134G76R7 10/29/15 999,440.00 100.054 1,000,540.00
Multi-Bank Sec 1,000,000.00 FNMA 2.000 11/25/20 2.000%11/25/20 3135G0H22 11/06/15 1,000,000.00 100.245 1,002,450.00
TOTALS 7,000,000.00 6,997,750.00 7,003,890.00 79,475.84
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.150%N/A N/A N/A 2,179,021.70 100.000 2,179,021.70 508.96
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 69,497,235.46 69,618,093.21 494,600.04
*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.
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