HomeMy WebLinkAboutE-11 Staff Report - City Treasurers Report 08-2019CONSENT ITEM
E-11
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: NOVEMBER 4, 2019
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF AUGUST 2019
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of August 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 August 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 July 31, 2019 to August 31, 2019
is a net decrease of $(16,565,272.40).
The change in total cash in bank and investments (at market) from July 31, 2019 to August 31,
2019 is a net decrease of $(16,381,027.75).
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
11/4/2019
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit August 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 7,347.00
Stagecoach Sweep Account DDA XXX-XXX1244 5,855,632.78
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 29,421.81
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 5,998.01
100,000 06/01/20 2.750%Certificate of Deposit Discover Bank Matures 6/1/20 CUSIP 254573PW0 100,742.70
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 29,771.71
250,000 12/12/19 2.750%Certificate of Deposit Texas Capital Bank Matures 12/12/19 88224PKS7 250,574.53
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 6,454,406.52
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 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 11/03/17 245,000.00 101.034 247,533.30 900.79
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 100.965 247,364.25
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 100.537 246,315.65
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 101.334 248,268.30
Multi Bank Securities 241,000.00 Capital Community Bank 3.500%12/19/23 14005LAM1 12/19/18 241,000.00 100.501 242,207.41 1,409.69
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 101.173 247,873.85
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 101.466 250,621.02 2,878.40
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 105.225 257,801.25
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 101.338 248,278.10 941.74
Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 99.333 243,365.85
Multi Bank Securities 245,000.00 First Bank of Highland Park 2.000%11/05/19 319141CY1 11/050/14 245,000.00 100.008 245,019.60 377.10
Multi Bank Securities 248,000.00 Firstbank 1.850%02/12/21 33767AVK4 02/12/16 248,000.00 100.127 248,314.96 389.67
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 101.179 249,912.13
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 100.007 245,017.15
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 100.556 246,362.20 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 99.364 243,441.80 1,018.93
Multi Bank Securities 245,000.00 Keesler Fed Cr Un 3.000%08/30/21 49254FAQ9 03/06/19 245,000.00 102.373 250,813.85 1,228.36
Multi Bank Securities 245,000.00 Kern Schs Fed Cr Un 2.500%06/24/24 3134GTVM2 06/20/19 245,000.00 100.226 245,553.70 1,044.10
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR U 2.410%12/29/22 499724AB8 12/29/17 245,000.00 101.673 249,098.85 982.69
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 101.082 247,650.90 921.27
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 100.538 246,318.10
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 102.484 251,085.80 3,219.57
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 104.647 256,385.15 3,705.54
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 101.338 248,278.10 941.74
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 101.273 248,118.85 941.74
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 100.947 247,320.15
Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 99.985 244,963.25
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 101.405 248,442.25
Multi Bank Securities 245,000.00 Sercurity First Bank 3.250%01/25/24 81425PAV3 01/31/24 245,000.00 100.558 246,367.10 1,985.17
Multi Bank Securities 246,000.00 State Bank of India 2.750%05/30/24 856285Q06 05/16/19 246,000.00 100.234 246,575.64
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 100.039 248,096.72
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 101.028 247,518.60 2,672.85
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 100.396 200,792.00 802.19
TOTALS 8,047,000.00 8,047,000.00 8,131,075.83 28,791.40
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 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 28,637.88
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 99.862 998,620.00
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 100.000 1,000,000.00
National Financial Se 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 99.593 995,930.00
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 99.752 997,520.00
National Financial Se 1,000,000 FFCB 1.950 11/23/21 1.950%11/23/21 3133EGL37 11/23/16 1,000,000.00 100.001 1,000,010.00
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 99.625 996,250.00 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 99.917 999,170.00 7,800.00
National Financial Se 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 100.000 1,000,000.00
National Financial Se 1,000,000 FFCB 1.950 10/05/21 1.950%10/05/21 3133EHQM8 07/05/17 1,000,000.00 100.001 1,000,010.00
National Financial Se 1,000,000 FFCB 2.000 11/01/21 2.000%11/01/21 3133EHTE3 08/25/17 1,000,000.00 100.001 1,000,010.00
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
Southwest Securities 1,250,000 FFCB 2.690 4/3/24 2.690%04/03/24 3133EKFS0 04/03/19 1,247,500.00 100.073 1,250,912.50
Southwest Securities 1,000,000 FFCB 2.470 07/01/24 2.470%07/01/24 3133EKSX5 07/02/19 999,750.00 100.028 1,000,280.00 (68.61)
Southwest Securities 1,000,000 FFCB 2.370 7/3/23 2.370%07/03/23 3133EKTR7 07/11/19 999,125.00 100.037 1,000,370.00 (526.67)
Southwest Securities 1,000,000 FFCB 2.230 8/13/24 2.230%08/13/24 3133EKZS8 08/13/19 999,250.00 99.979 999,790.00
National Financial Se 1,000,000 FHLB 2.000 12/11/20 2.000%12/11/20 3130ACU36 12/11/17 999,750.00 100.001 1,000,010.00
Southwest Securities 1,000,000 FHLB 2.370 6/12/23 2.370%06/12/23 3130AGKT1 06/04/19 1,000,000.00 100.325 1,003,250.00
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 99.953 999,530.00 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 99.991 999,910.00
Multi-Bank Sec 1,000,000 VR FHLB 1.00 9/30/21 1.000%09/30/21 3130A9JA0 09/30/16 1,000,000.00 100.016 1,000,160.00
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 99.819 998,190.00
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 99.871 998,710.00 8,250.00
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 99.954 999,540.00
Multi-Bank Sec 1,000,000 FHLMC 1.700 10/27/21 1.700%10/27/21 3134GAPL2 10/27/16 1,000,000.00 100.006 1,000,060.00
Multi-Bank Sec 1,000,000 FHLMC 1.700 11/10/21 1.700%11/10/21 3134GATC8 11/10/16 1,000,000.00 100.011 1,000,110.00
National Financial Se 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.838 998,380.00 7,500.00
National Financial Se 1,000,000 FHLMC 1.750 12/14/20 1.750%12/14/20 3134GAZJ6 12/14/16 1,000,000.00 100.002 1,000,020.00
Multi-Bank Sec 1,000,000 FHLMC 2.050 12/30/21 2.050%12/30/21 3134GAZR8 12/30/16 1,000,000.00 100.024 1,000,240.00 10,250.00
Multi-Bank Sec 1,000,000 FHLMC 2.400 12/29/22 2.400%12/29/22 3134GB4U3 12/29/17 1,000,000.00 100.043 1,000,430.00 12,000.00
Southwest Securities 1,000,000 FHLMC 3.000 3/27/24 3.000%03/27/24 3134GS5E1 03/27/19 1,000,000.00 100.070 1,000,700.00
Southwest Securities 1,000,000 FHLMC 2.450 8/01/24 2.450%08/01/24 3134GTP31 08/01/19 1,000,000.00 100.042 1,000,420.00
Multi-Bank Sec 1,000,000 FHLMC 2.500 6/24/24 2.500%06/24/24 3134GTVM2 06/20/19 1,000,000.00 100.098 1,000,980.00
Multi-Bank Sec 1,000,000 FHLMC 2.000 8/14/24 2.000%08/14/24 3134GT2A0 08/15/19 998,250.00 100.008 1,000,080.00 (111.11)
Southwest Securities 1,000,000 FHLMC 2.000 8/26/24 2.000%08/26/24 3134GT3W1 08/22/19 1,000,000.00 99.952 999,520.00
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 99.620 996,200.00
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 100.003 1,000,030.00 7,750.00
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 99.948 999,480.00
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 99.767 997,670.00 6,250.00
National Financial Se 1,000,000 FNMA 3.300 09/27/23 3.300%09/27/23 3136G4TP8 09/27/18 999,500.00 100.112 1,001,120.00
TOTALS 36,250,000 39,239,325.00 39,233,622.50 102,231.49
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.750%N/A N/A N/A 1,422,096.23 100.000 1,422,096.23 2,584.60
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.341%N/A N/A N/A 35,165,269.16 100.000 35,165,269.16 308,106.69
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 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 6,937.50
Southwest Securities 500,000 Berkshire Hathaway 2.750%03/15/23 084670BR8 01/29/19 495,165.00 103.187 515,935.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 101.484 248,635.80
Southwest Securities 1,000,000 Toyota Motor Credit 1.950%04/17/20 89236TDU6 05/22/19 994,819.09 99.912 999,120.00
TOTALS 2,745,000 1,734,984.09 1,763,690.80 6,937.50
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 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 11/23/16 245,000.00 100.097 245,237.65
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 100.079 245,193.55
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 99.669 247,179.12 2,152.16
Multi National Bank 245,000.00 Orrstown Bank 2.000%12/28/20 687377DU2 12/28/15 245,000.00 100.019 245,046.55 818.90
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 99.680 248,203.20 728.24
TOTALS 987,000.00 1,232,000.00 1,230,860.07 3,699.30
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer August 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 99.730 997,300.00 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 99.873 998,730.00
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 99.996 999,960.00
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 99.697 996,970.00
Southwest Securities 1,000,000.00 FFCB 2.490 9/13/23 2.490%09/13/23 3133EKQT6 06/07/19 1,000,000.00 100.013 1,000,130.00
Multi-Bank Sec 1,000,000.00 VR FHLB 1.000 9/30/21 1.000%09/30/21 3130A9JA0 09/30/16 1,000,000.00 100.016 1,000,160.00
Multi-Bank Sec 1,000,000.00 FHLMC 2.000 12/30/21 2.000%12/30/21 3134GAYV0 12/30/16 1,000,000.00 100.026 1,000,260.00 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 99.980 999,800.00
National Financial Ser 1,000,000.00 FNMA 2.200 10/27/22 2.200%10/27/22 3136G4PU1 10/27/17 1,000,000.00 100.066 1,000,660.00
TOTALS 9,000,000.00 8,999,381.00 8,993,970.00 16,000.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.750%N/A N/A N/A 433,142.04 100.000 433,142.04 875.86
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 96,273,197.52 96,373,726.63 469,226.84
*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
AUG Inv 96,273,197.52$ AUG Inv 96,373,726.63$
JUL Inv 108,197,643.80$ JUL Inv 108,113,928.26$
AUG Bank 6,454,406.52$ AUG Bank 6,454,406.52$
JUL Bank 11,095,232.64$ JUL Bank 11,095,232.64$
Change (16,565,272.40)$ Change (16,381,027.75)$