HomeMy WebLinkAboutE-12 Staff Report - City Treasurers Report 09-2019CONSENT ITEM
E-12
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 SEPTEMBER 2019
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of September 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 September 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 August 31, 2019 to September
30, 2019 is a net decrease of $(1,275,538.78).
The change in total cash in bank and investments (at market) from August 31, 2019 to September
30, 2019 is a net decrease of $(1,360,305.11).
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 September 30, 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 165,964.00
Stagecoach Sweep Account DDA XXX-XXX1244 6,817,497.64
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 29,092.11
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 6,008.37
100,000 06/01/20 2.750%Certificate of Deposit Discover Bank Matures 6/1/20 CUSIP 254573PW0 100,622.12
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 29,823.13
250,000 12/12/19 2.750%Certificate of Deposit Texas Capital Bank Matures 12/12/19 88224PKS7 250,404.66
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 7,574,330.01
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer September 30, 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 11/03/17 245,000.00 101.155 247,829.75 1,358.57
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 100.988 247,420.60
Multi Bank Securities 245,000.00 American Expr Centurion 2.300%09/23/20 02587DB64 09/23/15 245,000.00 100.447 246,095.15 2,840.66
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 101.436 248,518.20
Multi Bank Securities 241,000.00 Capital Community Bank 3.500%12/19/23 14005LAM1 12/19/18 241,000.00 100.355 241,855.55 2,126.09
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 101.169 247,864.05 2,840.66
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 101.519 250,751.93 2,878.40
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 105.543 258,580.35 4,075.73
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 101.436 248,518.20 1,420.33
Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 99.337 243,375.65 374.55
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 02/12/16 248,000.00 100.067 248,166.16 779.34
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 101.177 249,907.19 2,863.85
Multi Bank Securities 245,000.00 HSBC BK USA 2.450%03/21/22 40434YGK7 03/21/17 245,000.00 100.282 245,691.88 3,025.92
Multi Bank Securities 245,000.00 Investors Savings Bank 2.000%08/25/20 46176PEJ0 08/28/15 245,000.00 100.449 246,100.05 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 99.374 243,466.30 1,018.93
Multi Bank Securities 245,000.00 Keesler Fed Cr Un 3.000%08/30/21 49254FAQ9 03/06/19 245,000.00 102.259 250,534.55 1,852.61
Multi Bank Securities 245,000.00 Kern Schs Fed Cr Un 2.500%06/24/24 3134GTVM2 06/20/19 245,000.00 100.167 245,409.15 1,574.71
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR U 2.410%12/29/22 499724AB8 12/29/17 245,000.00 101.823 249,466.35 1,482.09
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 101.092 247,675.40 1,389.46
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 100.530 246,298.50
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 102.626 251,433.70 3,219.57
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 104.839 256,855.55 3,705.54
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 101.436 248,518.20 1,420.33
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 101.305 248,197.25 1,420.33
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 100.963 247,359.35 2,717.15
Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 100.389 245,953.05
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 101.433 248,510.85
Multi Bank Securities 245,000.00 Sercurity First Bank 3.250%01/25/24 81425PAV3 01/31/24 245,000.00 100.431 246,055.95 1,985.17
Multi Bank Securities 246,000.00 State Bank of India 2.750%05/30/24 856285Q06 05/16/19 246,000.00 100.143 246,351.78
Gillford/Stern Agee 248,000.00 Third Federal Sav&Loan 2.000%11/25/19 88413QAW8 11/24/14 248,000.00 100.026 248,064.48
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 101.089 247,668.05 2,672.85
Multi Bank Securities 200,000.00 Worlds Foremost Bank 2.400%07/16/20 981571BP6 07/07/15 200,000.00 100.314 200,628.00 1,209.86
TOTALS 8,047,000.00 8,047,000.00 8,134,140.77 53,059.66
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer September 30, 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 105,637.88
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 99.634 996,340.00 9,250.00
Gilford/Sterne Agee 1,000,000 FFCB 1.68 3/21/21 1.680%03/01/21 3133EGCQ6 06/06/16 999,750.00 99.857 998,570.00 8,400.00
National Financial Ser 1,000,000 FFCB 1.490 5/3/21 1.490%05/03/21 3133EGC78 11/03/16 999,250.00 99.360 993,600.00
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 99.812 998,120.00 7,000.00
National Financial Ser 1,000,000 FFCB 1.950 11/23/21 1.950%11/23/21 3133EGL37 11/23/16 1,000,000.00 100.002 1,000,020.00
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 99.825 998,250.00 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 99.523 995,230.00 7,800.00
National Financial Ser 1,000,000 FFCB 1.77 11/23/20 1.770%11/23/20 3133EHKF9 08/07/17 999,850.00 99.897 998,970.00
National Financial Ser 1,000,000 FFCB 1.950 10/05/21 1.950%10/05/21 3133EHQM8 07/05/17 1,000,000.00 100.002 1,000,020.00
National Financial Ser 1,000,000 FFCB 2.000 11/01/21 2.000%11/01/21 3133EHTE3 08/25/17 1,000,000.00 100.003 1,000,030.00
National Financial Ser 1,000,000 FFCB 2.000 9/12/22 2.000%09/12/22 3133EHXZ1 09/08/17 1,000,000.00 100.004 1,000,040.00 10,000.00
Southwest Securities 1,250,000 FFCB 2.690 4/3/24 2.690%04/03/24 3133EKFS0 04/03/19 1,247,500.00 100.004 1,250,050.00
Southwest Securities 1,000,000 FFCB 2.220 3/4/24 2.220%03/04/24 3133EKH90 09/04/19 1,000,000.00 99.244 992,440.00
Southwest Securities 1,000,000 FFCB 2.470 07/01/24 2.470%07/01/24 3133EKSX5 07/02/19 999,750.00 100.002 1,000,020.00 (68.61)
Southwest Securities 1,000,000 FFCB 2.370 7/3/23 2.370%07/03/23 3133EKTR7 07/11/19 999,125.00 100.003 1,000,030.00 (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 98.881 988,810.00
Southwest Securities 1,000,000 FHLB 2.370 6/12/23 2.370%06/12/23 3130AGKT1 06/04/19 1,000,000.00 100.183 1,001,830.00
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 99.746 997,460.00 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 99.675 996,750.00 8,125.00
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 99.563 995,630.00 8,000.00
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 99.574 995,740.00 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 99.773 997,730.00
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 99.804 998,040.00
National Financial Ser 1,000,000 FHLMC 1.500 12/30/19 1.500%12/30/19 3134GAYY4 12/30/16 998,250.00 99.901 999,010.00 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 99.879 998,790.00
Multi-Bank Sec 1,000,000 FHLMC 2.050 12/30/21 2.050%12/30/21 3134GAZR8 12/30/16 1,000,000.00 100.037 1,000,370.00 10,250.00
Southwest Securities 1,000,000 FHLMC 2.450 8/01/24 2.450%08/01/24 3134GTP31 08/01/19 1,000,000.00 100.008 1,000,080.00
Multi-Bank Sec 1,000,000 FHLMC 2.500 6/24/24 2.500%06/24/24 3134GTVM2 06/20/19 1,000,000.00 100.036 1,000,360.00
Multi-Bank Sec 1,000,000 FHLMC 2.000 8/14/24 2.000%08/14/24 3134GT2A0 08/15/19 998,250.00 99.137 991,370.00 (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 99.249 992,490.00 1,666.67
Gilford/Sterne Agee 1,000,000 FNMA 1.300 3/30/20 1.300%03/30/20 3135G0Q63 10/17/16 999,600.00 99.601 996,010.00 6,500.00
Southwest Securities 1,000,000 FNMA 1.375 09/06/22 1.375%09/06/22 31335G0W33 09/06/19 996,520.00 99.291 992,910.00
Gilford/Sterne Agee 1,000,000 FNMA 1.550 8/17/21 1.550%08/17/21 3136G3W35 08/17/16 999,500.00 99.725 997,250.00 7,750.00
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 99.827 998,270.00 6,250.00
TOTALS 31,250,000 34,236,595.00 34,160,630.00 226,173.16
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.750%N/A N/A N/A 6,501,726.19 100.000 6,501,726.19 3,515.80
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.280%N/A N/A N/A 32,165,269.16 100.000 32,165,269.16 308,106.69
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer September 30, 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
Multi Bank Securities 1,000,000.00 Apple Inc 1.800%09/11/24 037833DM9 09/06/19 990,552.00 99.451 994,510.00 (250.00)
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 101.578 248,866.10
Southwest Securities 1,000,000 Toyota Motor Credit 1.950%04/17/20 89236TDU6 05/22/19 994,819.09 100.008 1,000,080.00
TOTALS 3,745,000 2,230,371.09 2,243,456.10 6,687.50
Page 3
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer September 30, 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 1,235.06
Higgins/RBC 245,000.00 Bank Baroda New York 1.850%11/23/21 06062QXG4 11/23/16 245,000.00 100.100 245,245.00
Multi National Bank 245,000.00 Discover Bank 1.900%05/06/20 254672NC8 05/06/15 245,000.00 100.045 245,110.25
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 99.656 247,146.88 2,152.16
Multi National Bank 249,000.00 Wells fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 99.663 248,160.87 1,098.33
TOTALS 742,000.00 987,000.00 985,663.00 4,485.55
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer September 30, 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 22,375.00
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 99.804 998,040.00 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 99.969 999,690.00
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 99.381 993,810.00
Multi-Bank Sec 1,000,000.00 FHLMC 2.000 12/30/21 2.000%12/30/21 3134GAYV0 12/30/16 1,000,000.00 100.044 1,000,440.00 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 99.989 999,890.00 8,750.00
Multi-Bank Sec 1,000,000.00 FHLMC 2.300 9/19/24 2.300%09/19/24 3134GUCF5 09/19/19 1,000,000.00 100.014 1,000,140.00
National Financial Ser 1,000,000.00 FNMA 2.200 10/27/22 2.200%10/27/22 3136G4PU1 10/27/17 1,000,000.00 100.021 1,000,210.00
TOTALS 7,000,000.00 6,999,381.00 6,992,220.00 47,125.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.750%N/A N/A N/A 2,710,392.81 100.000 2,710,392.81 1,215.38
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 93,877,735.25 93,893,498.03 650,368.74
*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
SEP Inv 93,877,735.25$ SEP Inv 93,893,498.03$
AUG Inv 96,273,197.52$ AUG Inv 96,373,726.63$
SEP Bank 7,574,330.01$ SEP Bank 7,574,330.01$
AUG Bank 6,454,406.52$ AUG Bank 6,454,406.52$
Change (1,275,538.78)$ Change (1,360,305.11)$