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Home My WebLink AboutAgenda Packet - October 1, 2012 - CC • of - 44, ',' . 11S TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: MARCENE HAMILTON, CITY TREASURER DATE: OCTOBER 1, 2012 SUBJECT: CITY TREASURER'S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF AUGUST 2012 RECOMMENDATION: It is recommended that the Council Members receive, review, and file the City Treasurer's Report for the City of Azusa for the month of August 2012. BACKGROUND: Transmitted herewith is the City Treasurer's Statement of Cash Balances for the City of Azusa for the month of August 2012. City investments are made in accordance with the City's Investment Policy adopted and approved with Resolution No. 05 — C16 dated, November 21, 2011 and Government Code Section 53600 et seq. FISCAL IMPACT: 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 from August 1, 2012 to August 31, 2012 is a net decrease of$3,676,913.67 v2cQ Q-s4 (e�( l o (i (r Z- eo otte- ( 0417 . CITY OF AZUSA TREASURER'S REPORT Prepared by: Marcene Hamilton, Treasurer Treasury Checking Accounts and Certificates of Deposit August 31, 2012 Held in Wells Fargo Bank Interest orAccount Number Balance Face Maturity Coupon Description or CUSIP or Amount Date Rate Market Value Checking Accounts General Checking Account XXX-XXX1244 157,221.00 Stagecoach Sweep Account DDA XXX-XXX1244 4,702,841.47 Worker's Compensation Checking XXXX-XX3279 0.00 Flexible Reimbursement XXXX-XX5036 0.00 Payroll Checking(ZBA account) XXXX-XX1393 0.00 Police Petty Cash Fund XXX-XXX0334 189.12 DACA Account-ISO Collateral XXXX-XX2015 500,000.00 Section 108 0.970% Choice IV-Public Fund Account XXX-XXX2239 30,845.53 Covington Endowment WFB Advantage Heritage Money Market Fund(rated AAAm/Aaa) WFB XXXX7554 19,110.46 100,000 05/12/14 1.400% Certificate of Deposit Discover Bank DE Matures 5/12/14 CUSIP 254670D66 100,889.70 TOTALS WELLS FARGO BANK ACCOUNTS 5,511,09728 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Marcene Hamilton,Treasurer August 31,2012 Market Price Interest Received Coupon° Maturity Settlement Market Broker Face Amount Description Acct/Cusip No. Principal** (Changes *** Fiscal Year to Rate Date Date Monthly)" Value _ Date* City of Azusa Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR 4,715.54 Wachovia Sec 100,000.00 Ally Bank 1.100% 09/08/14 02005QTS2 09/07/11 100,000.00 100.627 100,627.00 Wachovia Sec 100,000.00 Ally Bank UT 95.000% 02/08/15 02005QYS6 02/08/12 100,000.00 100.291 100,291.00 473.70 Wachovia Sec 250,000.00 American Express Centurion 1.250% 06/09/14 02587DAX6 06/06/11 250,000.00 100.819 252,047.50 Wachovia Sec 200,000.00 Bank of China New York 0.600% 01/06/14 06425H4T0 07/05/12 200,000.00 99.854 199,708.00 Wachovia Sec 200,000.00 Bank of Hapoalim NY 1.000% 07/24/15 06251AYD6 07/24/12 200,000.00 99.552 199,104.00 0.00 Wachovia Sec 200,000.00 Barclays Bank of Delaware 1.600% 01/11/16 06740KFS1 01/11/12 200,000.00 101.115 202,230.00 1,595.62 Wachovia Sec 200,000.00 Beal Bank Nevada Las Vegas 0.600% 06/05/13 07370S6T7 06/06/12 200,000.00 100.071 200,142.00 Wachovia Sec 200,000.00 BMW Bank of North America 1.350% 09/23/14 05568PR90 09/23/11 200,000.00 100.601 201,202.00 Wachovia Sec 200,000.00 CIT Bank SLC 1.450% 11/14/14 17284AH43 11/14/11 200,000.00 100.992 201,984.00 Wachovia Sec 200,000.00 Compass Bank Birmingham AL 1.000% 12/29/14 20451PAC0 06/29/12 200,000.00 99.737 199,474.00 Wachovia Sec 200,000.00 Goldman Sachs Group,Inc. 1.200% 03/07/16 38143ALTO 03/07/12 200,000.00 99.853 199,706.00 Wachovia Sec 200,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 200,000.00 99.768 199,536.00 Wachovia Sec 200,000.00 Merrick Bank South Jordan UT 0.900% 01/25/16 59012YU96 07/25/12 200,000.00 99.435 198,870.00 152.88 Wachovia Sec 100,000.00 Metlife Bank,NA 1.300% 10/28/13 591557FH1 10/21/10 100,000.00 100.975 100,975.00 Wachovia Sec 200,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 200,000.00 99.619 199,238.00 (140.27) Wachovia Sec 200,000.00 Sallie Mae Bank Murray UT 1.100% 08/10/15 795450NT8 08/08/12 200,000.00 99.506 199,012.00 Wachovia Sec 200,000.00 Sovereign Bank FSB 0.700% 06/20/14 84603MZ66 06/20/12 200,000.00 99.909 199,818.00 Wachovia Sec 200,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 200,000.00 99.748 199,496.00 TOTALS 3,350,000.00 3,350,000.00 3,353,460.50 6,797.47 Page 2 • CITY OF AZUSA TREASURER'S REPORT Prepared by: Marcene Hamilton,Treasurer August 31,2012 Market Price Interest Received Coupon Maturity Settlement **' Market Broker Face Amount Description Acct/Cusip No. Principal (Changes Fiscal Year to Rate Date Date Monthly) Value*** Date* City of Azusa Investments - AAA Rated Federal Agency Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 1558.33 Wachovia Sec 1,000,000 FHLB 1.250 07/29/14 1.250% 07/29/14 313370YK8 09/17/10 1,000,000.00 101.834 1,018,340.00 6,250.00 WFB 1,000,000 FFCB 0.730 11/21/14 0.730% 11/21/14 3133IKT91 11/21/11 1,000,000.00 100.097 1,000,970.00 Gilford Sec 1,000,000 FHLB 2.185 04/15/15 2.185% 04/15/15 313373DW9 04/15/11 1,000,000.00 101.046 1,010,460.00 Gilford Sec 1,000,000 FFCB 1.02009/28/15 1.020% 09/28/15 31331KZL7 09/28/11 1,000,000.00 100.048 1,000,480.00 Gilford Sec 1,000,000 FFCB 1.120 11/16/15 1.120% 11/16/15 31331KS92 11/16/11 1,000,000.00 100.157 1,001,570.00 Gilford Sec 1,000,000 FFCB 2.440 03/24/16 2.440% 03/24/16 31331KFK1 03/24/11 1,000,000.00 100.117 1,001,170.00 Gilford Sec 1,000,000 FFCB 1.040 04/11/16 1.040% 04/11/16 3133EALA4 04/11/12 1,000,000.00 100.445 1,004,450.00 Gilford Sec 1,000,000 FFCB 0.910 05/23/16 0.910% 05/23/16 3133EARK6 05/23/12 1,000,000.00 100.241 1,002,410.00 Wachovia Sec 1,000,000 FHLB 2.100 06/07/16 2.100% 06/07/16 3133742R0 06/07/11 1,000,000.00 101.389 1,013,890.00 Gilford Sec 1,000,000 FFCB 0.875 06/14/16 0.875% 06/14/16 3133EAUE6 06/14/12 1,000,000.00 100.350 .1,003,500.00 Gilford Sec 1,000,000 FFCB 0.870 06/27/16 0.870% 06/27/16 3133EAVX3 06/27/12 1,000,000.00 100.042 1,000,420.00 Gilford Sec 1,000,000 FHLB 0.830 07/05/16 0.830% 07/05/16 313379SS9 07/05/12 1,000,000.00 100.062 1,000,620.00 Gilford Sec 1,000,000 FFCB 0.710 07/19/16 0.710% 07/19/16 3133EAYQ5 07/23/12 1,000,000.00 100.147 1,001,470.00 (78.89) Gilford Sec 1,000,000 FFCB 1.070 10/24/16 1.070% 10/24/16 3133EAMT2 04/24/12 1,000,000.00 100.134 1,001,340.00 Gilford Sec 1,000,000 FFCB 1.260 03/01/17 1.260% 03/01/17 3133EAFQ6 03/01/12 1,000,000.00 100.448 1,004,480.00 Gilford Sec 1,000,000 FHLB 1.240 05/16/17 1.240% 05/16/17 313379B81 05/16/12 999,210.00 100.475 1,004,750.00 Higgins 1,000,000 FFCB 1.100 06/20/17 1.100% 06/20/17 3133EAVA3 06/20/12 1,000,000.00 100.507 1,005,070.00 TOTALS 17,000,000 16,999,210.00 17,075,390.00 7,729.44 WFB-CITY THIRD PARTY CUSTODIALTRUST ACCT 0.070% N/A N/A N/A 2,000,000.00 100.000 2,000,000.00 273.15 LAIF-CITY LOCAL AGENCY INVESTMENT FUND 0.377% N/A N/A N/A 16,244,535.54 100.000 16,244,535.54 23,100.80 Page 3 • • CITY OF AZUSA TREASURER'S REPORT Prepared by: Marcene Hamilton,Treasurer August 31,2012 Coupon Maturity Settlement Market Price Market Interest Received Broker Face Amount Description Acct/Cusip No. Principal** (Changes Fiscal Year to Rate Date Date Monthly) Value*** Date* Light&Water Fund Investments - Certificates of Deposit-FDIC Insured CERTIFICATES OF DEPOSIT SOLD OR MATURED DURING FISCAL YEAR (6,037.12) Wachovia Sec 40,000.00 Bank of Hapoalim NY 1.000% 07/24/15 06251AYD6 07/24/12 40,000.00 99.552 39,820.80 127.12 Wachovia Sec 40,000.00 Beal Bank Nevada Las Vegas 0.600% 06/05/13 07370S6T7 06/06/12 40,000.00 100.071 40,028.40. 205.15, Wachovia Sec 40,000.00 Bank of China NY 0.850% 02/03/14 06425HYW0 02/01/12 40,000.00 100.420 40,168.00 524.09 Wachovia Sec 40,000.00 Goldman Sachs Group,Inc. 0.850% 02/03/14 38143AJB2 02/01/12 40,000.00 100.434 40,173.60 925.92 Wachovia Sec 40,000.00 Compass Bank Birmingham AL 0.900% 06/30/14 20451PAB2 06/29/12 40,000.00 99.874 39,949.60. 213.04 Wachovia Sec 40,000.00 Sovereign Bank FSB 0.700% 06/20/14 84603MZ66 06/20/12 40,000.00 99.909 39,963.60 193.32 Wachovia Sec 40,000.00 State Bank of India NY 1.250% 06/22/15 856284F74 06/22/12 40,000.00 99.748 39,899.20 334.25 Wachovia Sec 40,000.00 BMW Bank of NA 1.350% 04/27/16 05568PW45 04/27/12 40,000.00 99.572 39,828.80 692.38 Wachovia Sec 40,000.00 Huntington National Bank 0.750% 12/08/14 446438QL0 06/08/12 40,000.00 99.768 39,907.20 246.58 Wachovia Sec 235,000.00 GE Capital Retail Bank 1.050% 04/27/15 36157PCW7 04/27/12 235,000.00 99.751 234,414.85 Wachovia Sec 200,000.00 Discover Bank Greenwood DE 1.050% 05/11/15 254671AR1 05/09/12 200,000.00 99.743 199,486.00 Wachovia Sec 200,000.00 GE Capital Financial Inc. 1.250% 05/18/16 36160XD87 05/18/12 200,000.00 99.523 199,046.00 Wachovia Sec 40,000.00 Safra National Bank 0.800% 06/29/15 786580T83 07/28/12 40,000.00 99.619 39,847.60 52.61" TOTALS - 1,035,000.00 1,035,000.00 1,032,533.65 (2,522.66) Page 4 CITY OF AZUSA TREASURER'S REPORT Prepared by: Marcene Hamilton, Treasurer August 31,2012 Market Price Interest Received Coupon Maturity Settlement ** Market Broker Face Amount Description Acct/Cusip No. Principal (Changes Fiscal Year to Rate Date Date Monthly) Value*** Date* Light&Water Fund Investments AAA Rated Federal Agency Bonds 1,000,000.00 BONDS CALLED OR MATURED DURING FISCAL YEAR5,958.33 WFB 1,000,000.00 FFCB 0.600 03/19/15 0.600% 03/19/15 3133EAHR2 03/19/12 1,000,000.00 100.001 1,000,010.00 Gilford Sec 1,000,000.00 FHLB 0.720 08/08/16 0.720% 08/08/16 3133805K9 08/08/12 999,500.00 100.0510 1,000,510.00 Higgins Capital 1,215,000.00 FFCB 1.020 09/28/15 1.020% 09/28/15 31331KZL7 09/28/11 1,215,000.00 100.048 1,215,583.20 Gilford Sec 1,000,000.00 FFCB 1.000 03/08/16 1.000% 03/08/16 3133EAGG7 03/08/12 1,000,000.00 100.387 1,003,870.00 Higgins Capital 1,000,000.00 FFCB 1.375 09/26/16 1.375% 09/26/16 31331KZN3 09/26/11 1,000,000.00 100.077 1,000,770.00 Gilford Sec 1,000,000.00 FFCB 1.260 03/01/17 1.260% 03/01/17 3133EAFQ6 03/01/12 1,000,000.00 100.448 1,004,480.00 Higgins Capital 1,000,000.00 FHLB 1.375 04/26/17 1.375% 04/26/17 313378XD8 04/26/12 1,000,000.00 100.159 1,001,590.00 TOTALS 7,215,000.00 7,214,500.00 7,226,813.20 5,958.33 WFB-L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.070% N/A N/A N/A 0.00 100.000 0.00 (4.48) Market Price Interest Received Market CITY OF AZUSA and LIGHT&WATER RATE STABLIZATION Principal** (Changes *** Fiscal Year to Value*** Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES,CD's,WFB INSTITUTIONAL TRUSTS,and LAIF 46,843,245.54 46,932,732.89 41,332.05 *The Interest reflects earnings received from July 1,2012. "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 4 CONSENT ITEM D-10 AZUSA CONSENT ITEM TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: SAM GONZALEZ, CHIEF OF POLICE VIA: JAMES MAKSHANOFIITY MANAGER DATE: OCTOBER 1, 2012 SUBJECT: EXPENDITURE PLAN—2009 REPROGRAMMING OF HOMELAND SECURITY GRANT RECOMMENDATION It is recommended that the City Council approve the purchase of radio equipment offered through the reimbursable State of California FY2009 Homeland Security Grant Program (SHSGP) BACKGROUND A Homeland Security grant was established by the State, in part, to provide for the purchase of specialized equipment to enhance event and incident management and strengthen the ability of Law Enforcement to disrupt, deter, respond to and recover from terrorist acts. Equipment approved for purchase under this grant includes: 10 Motorola Portable Radios and Support Equipment 7 Motorola Mobile Radios and Support Equipment TOTAL: $ 84,570.27 The Motorola equipment will be purchased from Public Safety Technologies, Inc., (dba Communications Center) located at 719 Arrow Grand Circle, Covina, CA 91722. The purchase of these radios is based on the competitive bid process, Request for Proposals to Provide Public Safety Portable and Mobile Radios, completed by the City of Glendora on August 7, 2012, under which these radios are available, per Azusa Municipal Code Section 2-253(E). A Peep ved- /0/I / 20/a- ezvn.e, Meert FISCAL IMPACT This is a reimbursement grant in the amount of$ 84,570.27 from the State of California Homeland Security Grant Program. The County of Los Angeles and the State of California, upon receipt of goods by the City of Azusa Police Department, will process reimbursement. Reimbursement is expected to take 90-120 days. PREPARED BY John Momot, Captain CONSENT ITEM D-5 — Alir * t „d M� AZUSA CONSENT ITEM TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT NEIUBER, INTERIM DIRECTOR OF HUMAN RESOURCES/PERSONNEL OFFICER VIA: JAMES MAKSHANOFFKCITY MANAGER DATE: OCTOBER 1, 2012 SUBJECT: HUMAN RESOURCES ACTION ITEMS RECOMMENDATION It is recommended that the City Council approve the following Personnel Action Requests in accordance with the City of Azusa Civil Service Rules and applicable Memorandum of Understanding(s). BACKGROUND On September 25,2012 the Personnel Board confirmed the following Department Head recommendations regarding the following Personnel Action requests. A. MERIT INCREASE AND/OR REGULAR APPOINTMENT: DEPARTMENT NAME CLASSIFICATION ACTION/EFF RANGE/STEP DATE BASE MO SALARY PD Joan Gasca Police Records Specialist Merit Increase 9140/5 09/11/2012 $3,623.52 PD Tamara Patlogar Police Communications Merit Increase 9195/2 Supervisor 09/12/2012 $6,018.60 PD Lauren Ferrari Police Officer Merit Increase 6101/5 09/17/2012 $6,859.29 UTL Vincent Line Mechanic Reg Appt/Merit 5218/4 Benavidez Increase $7,486.93 UTL Mark Silva Line Mechanic Regular 5218/5 Appointment $7,854.15 FISCAL IMPACT There is no fiscal impact, as positions listed are funded in approved department budgets. APl°roved- /o /r ( 2 a- e_oUA ei Mee-i-744-7-