HomeMy WebLinkAboutE-4 Staff Report - City Treasurers Report 07-2019CONSENT ITEM
E-4
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: OCTOBER 7, 2019
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF JULY 2019
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of July 2019. 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 July 2019.
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 June 30, 2019 to July 31, 2019 is
a net increase of $(296,134.30).
The change in total cash in bank and investments (at market) from June 30, 2019 to July 31,
2019 is a net increase of $(277,112.59).
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
10/7/2019
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit July 31, 2019
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 201,623.00
Stagecoach Sweep Account DDA XXX-XXX1244 10,301,927.67
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 29,751.09
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 5,986.80
100,000 06/01/20 2.750%Certificate of Deposit Discover Bank Matures 6/1/20 CUSIP 254573PW0 100,634.98
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 29,716.07
250,000 12/12/19 2.750%Certificate of Deposit Texas Capital Bank Matures 12/12/19 88224PKS7 250,675.05
City of Azusa Settlement Trust
WFB Public Institutional Bank Money Market WFB XXXX6615 15,135.23
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 10,780.01
Investments In Fixed Income. Equities, Real Asset Funds & Other 147,393.68
TOTALS WELLS FARGO BANK ACCOUNTS 11,095,232.64
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer July 31, 2019
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 11/03/17 245,000.00 100.021 245,051.45 443.01
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 100.237 245,580.65
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 100.268 245,656.60
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 100.365 245,894.25
Multi Bank Securities 241,000.00 Capital Community Bank 3.500%12/19/23 14005LAM1 12/19/18 241,000.00 100.616 242,484.56 693.29
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 100.498 246,220.10
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 100.617 248,523.99
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 103.546 253,687.70
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 100.379 245,928.55 463.15
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.000 245,000.00 377.10
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 99.726 247,320.48
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 100.499 248,232.53
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 100.048 245,117.60
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 100.323 245,791.35
Multi Bank Securities 245,000.00 JP Morgan Chase Bank 1.650%08/16/21 48126XAH8 08/16/16 245,000.00 98.783 242,018.35
Multi Bank Securities 245,000.00 Keesler Fed Cr Un 3.000%08/30/21 49254FAQ9 03/06/19 245,000.00 101.888 249,625.60 604.11
Multi Bank Securities 245,000.00 Kern Schs Fed Cr Un 2.500%06/24/24 3134GTVM2 06/20/19 245,000.00 100.250 245,612.50 513.49
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 100.545 246,335.25 483.29
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 100.374 245,916.30 453.08
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 99.910 244,779.50
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 101.343 248,290.35 3,219.57
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 102.719 251,661.55 3,705.54
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 100.379 245,928.55 463.15
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 100.510 246,249.50 463.15
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 100.243 245,595.35
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 100.648 246,587.60
Multi Bank Securities 245,000.00 Sercurity First Bank 3.250%01/25/24 81425PAV3 01/31/24 245,000.00 100.645 246,580.25 1,985.17
Multi Bank Securities 246,000.00 State Bank of India 2.750%05/30/24 856285Q06 05/16/19 246,000.00 100.076 246,186.96
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 100.032 248,079.36
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 100.188 245,460.60
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 100.202 200,404.00 394.52
TOTALS 7,557,000.00 7,557,000.00 7,595,801.38 14,261.62
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer July 31, 2019
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 12,750.00
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 99.258 992,580.00
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 99.526 995,260.00
National Financial Se 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 98.941 989,410.00
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 99.598 995,980.00
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 99.957 999,570.00
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 99.451 994,510.00 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 99.198 991,980.00 7,800.00
National Financial Se 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 99.621 996,210.00
National Financial Se 1,000,000 FFCB 1.950 10/05/21 1.950%10/05/21 3133EHQM8 07/05/17 1,000,000.00 99.951 999,510.00
National Financial Se 1,000,000 FFCB 2.000 11/01/21 2.000%11/01/21 3133EHTE3 08/25/17 1,000,000.00 100.000 1,000,000.00
National Financial Se 1,000,000 FFCB 2.000 9/12/22 2.000%09/12/22 3133EHXZ1 09/08/17 1,000,000.00 100.001 1,000,010.00
National Financial Se 1,110,000 FFCB 2.230 6/28/21 2.230%06/28/21 3133EH4S9 01/03/18 1,110,000.00 100.002 1,110,022.20
Southwest Securities 1,250,000 FFCB 2.690 4/3/24 2.690%04/03/24 3133EKFS0 04/03/19 1,247,500.00 100.070 1,250,875.00
Southwest Securities 1,000,000 FFCB 2.690 02/22/24 2.690%02/22/24 3133EKMM5 05/22/19 999,230.00 100.006 1,000,060.00
Southwest Securities 1,000,000 FFCB 2.470 07/01/24 2.470%07/01/24 3133EKSX5 07/02/19 999,750.00 99.501 995,010.00 (68.61)
Southwest Securities 1,000,000 FFCB 2.370 7/3/23 2.370%07/03/23 3133EKTR7 07/11/19 999,125.00 99.947 999,470.00 (526.67)
National Financial Se 1,000,000 FHLB 2.000 12/11/20 2.000%12/11/20 3130ACU36 12/11/17 999,750.00 99.574 995,740.00
Southwest Securities 1,000,000 FHLB 2.370 6/12/23 2.370%06/12/23 3130AGKT1 06/04/19 1,000,000.00 99.868 998,680.00
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 99.396 993,960.00 8,250.00
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 99.183 991,830.00
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 99.971 999,710.00
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 99.008 990,080.00
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 99.086 990,860.00
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 99.903 999,030.00
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 99.263 992,630.00
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 99.290 992,900.00
National Financial Se 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.711 997,110.00 7,500.00
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 99.557 995,570.00
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 99.821 998,210.00 10,250.00
National Financial Se 1,000,000 FHLMC 2.400 11/28/22 2.400%11/28/22 3134GBY63 11/28/17 1,000,000.00 99.806 998,060.00
Multi-Bank Sec 1,000,000 FHLMC 2.400 12/29/22 2.400%12/29/22 3134GB4U3 12/29/17 1,000,000.00 100.029 1,000,290.00 12,000.00
Southwest Securities 1,000,000 FHLMC 3.000 3/27/24 3.000%03/27/24 3134GS5E1 03/27/19 1,000,000.00 100.086 1,000,860.00
Multi-Bank Sec 1,000,000 FHLMC 2.500 6/24/24 2.500%06/24/24 3134GTVM2 06/20/19 1,000,000.00 99.436 994,360.00
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 99.426 994,260.00
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 99.249 992,490.00
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 99.870 998,700.00
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 99.621 996,210.00 6,250.00
National Financial Se 1,000,000 FNMA 3.300 09/27/23 3.300%09/27/23 3136G4TP8 09/27/18 999,500.00 100.177 1,001,770.00
TOTALS 35,360,000 38,351,055.00 38,223,767.20 70,454.72
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.950%N/A N/A N/A 1,740,916.78 100.000 1,740,916.78 1,679.20
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.379%N/A N/A N/A 47,165,269.16 100.000 47,165,269.16 308,106.69
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer July 31, 2019
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
Southwest Securities 500,000 Berkshire Hathaway 2.750%03/15/23 084670BR8 01/29/19 495,165.00 101.926 509,630.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 100.528 246,293.60
Multi Bank Securities 1,000,000 Toyota Motor Credit 2.250%10/18/23 89236TDK8 03/26/19 985,029.00 99.995 999,950.00
Southwest Securities 1,000,000 Toyota Motor Credit 1.950%04/17/20 89236TDU6 05/22/19 994,819.09 99.768 997,680.00
TOTALS 2,745,000 2,720,013.09 2,753,553.60 0.00
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer July 31, 2019
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 99.466 243,691.70
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 99.936 244,843.20
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 99.134 245,852.32 2,152.16
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 100.036 245,088.20 402.74
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 99.155 246,895.95 358.15
TOTALS 987,000.00 1,232,000.00 1,226,371.37 2,913.05
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer July 31, 2019
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 1.200 1/06/20 1.200%01/06/20 3133EGJV8 07/06/16 1,000,000.00 99.634 996,340.00 6,000.00
Gilford Sec 1,000,000.00 FFCB 1.180 10/18/19 1.180%10/18/19 3133EGLD5 07/18/16 999,500.00 99.765 997,650.00
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 99.940 999,400.00
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 98.885 988,850.00
Southwest Securities 1,000,000.00 FFCB 2.490 9/13/23 2.490%09/13/23 3133EKQT6 06/07/19 1,000,000.00 100.000 1,000,000.00
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 99.971 999,710.00
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 99.886 998,860.00 10,000.00
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 99.536 995,360.00
National Financial Ser 1,000,000.00 FNMA 2.200 10/27/22 2.200%10/27/22 3136G4PU1 10/27/17 1,000,000.00 100.007 1,000,070.00
TOTALS 9,000,000.00 8,999,381.00 8,976,240.00 16,000.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.950%N/A N/A N/A 432,008.77 100.000 432,008.77 528.84
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 108,197,643.80 108,113,928.26 413,944.12
*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
JUL Inv 108,197,643.80$ JUN Inv 108,113,928.26$
JUN Inv 112,782,199.68$ JUN Inv 112,717,505.85$
JUL Bank 11,095,232.64$ JUL Bank 11,095,232.64$
JUN Bank 6,214,542.46$ JUN Bank 6,214,542.46$
Change 296,134.30$ Change 277,112.59$