HomeMy WebLinkAboutE-13 Staff Report - City Treasurers Report 10-2018CONSENT ITEM
E-13
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: DECEMBER 3, 2018
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF OCTOBER 2018
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of October 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 that the City Council take the following action:
1) Receive, review, and file the City Treasurer’s Report for the month of October 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 September 30, 2018 to October
31, 2018 is a net increase of $1,300,386.87
The change in total cash in bank and investments (at market) from September 30, 2018 to
October 31, 2018 is a net increase of $1,258,272.32.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
12/3/2018
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit October 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 99,056.00
Stagecoach Sweep Account DDA XXX-XXX1244 5,530,994.17
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 1,609.06
Section 108
0.090% Choice IV-Public Fund Account XXX-XXX2239 29,904.18
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 3,167.12
100,000 05/31/18 1.250%Certificate of Deposit Discover Bank Matures 6/1/20 CUSIP 254573PW0 99,821.00
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 25,212.81
250,000 03/28/17 0.950%Certificate of Deposit Compass Bank Matures 12/07/18 20451PTN6 249,881.25
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 4,621.86
Investments In Fixed Income. Equities, Real Asset Funds & Other 155,046.44
TOTALS WELLS FARGO BANK ACCOUNTS 6,214,345.96
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 0.00
Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 95.658 234,362.10 1,801.58
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 96.317 235,976.65
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 98.406 241,094.70 2,840.66
Multi Bank Securities 205,000.00 BMW Bank 2.150%12/10/19 05580AAZ7 12/10/14 205,000.00 99.504 203,983.20
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 96.120 235,494.00 2,825.22
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 97.035 237,735.75 2,840.66
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 96.524 238,414.28 2,878.40
Multi Bank Securities 245,000.00 CIT Bank SLC 2.150%11/19/19 17284C3Q5 11/19/14 245,000.00 99.494 243,760.30
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 99.076 242,736.20
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 96.123 235,501.35 1,883.48
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 99.380 243,481.00
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 97.285 241,266.80 1533.54
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 97.008 239,609.76 2,863.85
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 97.443 238,735.35 3,025.92
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 98.824 242,118.80 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 95.493 233,957.85 1,018.93
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 96.180 235,641.00 1,965.38
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 96.716 236,954.20 1,842.54
Multi Bank Securities 247,000.00 Medallion Bank 2.250%07/27/20 58403BY67 07/27/15 247,000.00 98.782 243,991.54 2,755.91
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 96.604 236,679.80
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 97.119 237,941.55 3,219.57
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 96.123 235,501.35 1,883.48
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 96.585 236,633.25 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 96.599 236,667.55 2,717.15
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 96.775 237,098.75
Multi Bank Securities 245,000.00 State Bank of India 1.700%05/28/19 856283YJ9 05/28/15 245,000.00 99.587 243,988.15
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 99.415 246,549.20
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 96.021 235,251.45 2,672.85
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 98.806 197,612.00 1,604.38
TOTALS 7,032,000.00 7,032,000.00 6,848,737.88 46,486.84
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 0.00
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 98.125 981,250.00 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 97.390 973,900.00 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 98.195 981,950.00 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 96.196 961,960.00 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 97.200 972,000.00 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 99.041 1,381,621.95
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 97.084 970,840.00 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 99.579 995,790.00 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 96.239 962,390.00 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 96.297 962,970.00 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 98.668 986,680.00 6,250.00
National Financial Ser 1,000,000 FFCB 3.000 5/2/22 3.000%05/02/22 3133EJMW6 05/03/18 1,000,000.00 99.311 993,110.00
National Financial Ser 1,000,000 FHLB 2.000 12/11/20 2.000%12/11/20 3130ACU36 12/11/17 999,750.00 97.840 978,400.00
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 98.554 985,540.00 6,875.00
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 97.520 975,200.00 6,875.00
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 96.462 964,620.00 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 96.354 963,540.00 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 98.508 985,080.00 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 97.522 975,220.00
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 96.645 966,450.00 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 98.232 982,320.00 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 97.910 979,100.00 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 95.798 957,980.00 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 96.439 964,390.00
National Financial Ser 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 96.392 963,920.00
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 96.503 965,030.00
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 96.848 968,480.00
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 96.191 961,910.00 10,000.00
National Financial Ser 1,000,000 FHLMC 3.100 3/29/23 3.100%03/29/23 3134GSFY6 03/29/18 1,000,000.00 99.130 991,300.00 15,500.00
National Financial Ser 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 97.643 976,430.00
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 97.034 970,340.00
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 96.973 969,730.00 9,750.00
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 97.769 1,085,235.90
National Financial Ser 1,000,000 FHLMC 2.550 1/30/23 2.550%01/30/23 3134GSBY0 01/30/18 998,500.00 97.690 976,900.00 12,750.00
Multi-Bank Sec 1,000,000 FHLMC 3.100 5/17/23 3.100%05/17/23 3134GSKE4 05/17/18 998,000.00 98.890 988,900.00
National Financial Ser 1,000,000 FHLMC 3.000 4/23/21 3.000%04/23/21 3134GSYR0 10/04/18 999,500.00 99.688 996,880.00
National Financial Ser 1,000,000 FHLMC 3.000 11/16/21 3.000%11/16/21 3134GSTC9 08/16/18 1,000,000.00 99.365 993,650.00
National Financial Ser 1,000,000 FNMA 3.300 09/27/23 3.300%09/27/23 3136G4TP8 09/27/18 999,500.00 99.841 998,410.00
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 96.297 962,970.00
TOTALS 39,505,000 39,496,450.00 38,572,387.85 191,825.00
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.850%N/A N/A N/A 339,264.91 100.000 339,264.91 2,374.05
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.144%N/A N/A N/A 30,413,821.65 100.000 30,413,821.65
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 96.324 235,993.80 2,886.64
TOTALS 245,000 245,000.00 235,993.80 2,886.64
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 - 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 96.093 235,427.85
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 98.621 241,621.45
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 98.212 240,619.40 1,637.80
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 96.101 238,330.48 2,164.05
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 96.141 239,391.09 1,456.48
TOTALS 987,000.00 1,232,000.00 1,195,390.27 5,258.33
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer October 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 0.00
Gilford Sec 1,000,000.00 FFCB 1.180 10/18/19 1.180%10/18/19 3133EGLD5 07/18/16 999,500.00 98.527 985,270.00 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 98.209 982,090.00 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 98.554 985,540.00 6,875.00
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 95.860 958,600.00 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 99.001 990,010.00 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 97.815 978,150.00 8,750.00
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 96.586 965,860.00 10,000.00
National Financial Ser 1,105,000.00 FHLMC 2.700 3/29/21 2.700%03/29/21 3134GSGX7 04/09/18 1,104,668.50 99.033 1,094,314.65 14,917.50
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 96.264 962,640.00 11,000.00
TOTALS 9,105,000.00 9,104,049.50 8,902,474.65 78,742.50
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.850%N/A N/A N/A 194,969.91 100.000 194,969.91 305.01
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 88,057,555.97 86,703,040.92 327,878.37
*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 88,057,555.97$ OCT Inv 86,703,040.92$
SEP Inv 86,742,658.41$ SEP Inv 85,430,257.91$
OCT Bank 6,214,345.96$ OCT Bank 6,214,345.96$
SEP Bank 6,228,856.65$ SEP Bank 6,228,856.65$
Change 1,300,386.87$ Change 1,258,272.32$