HomeMy WebLinkAboutH- 6 City Treasurer Statement Ir • � `
F�r
I
To: Honorable Mayor and Members of the City Council
From: Uriel Macias, City Treasurer
Date: February 18, 2003
Subject: City Treasurer's Statement of Cash and Investment Balances-for the month of
January 2003
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 January 2003.
Background:
Transmitted herewith is the City Treasurer's Statement of Cash Balances for the City of
Azusa for the month of January 2003. City investments are made in accordance with
the City Investment Policy adopted and approved with Resolution No. 02 — C97 dated,
September 16, 2002 and Government Code Section 53600 et seq. The balance 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.
City Treasurer's Report,City of Azusa _ _ _I I
Treasury Book Balances Cash&Investments
January 2003 I _
(Prepa_e4 by U Macias)
J Maximum i I_
=- - ---- -J-1-Amount ---- - ._- ---- - - - -- --- -----------— -
Accounts: _ AccUCusip No. Deposit Allowe _- (pledged Securities —
_ J Maturi .
1 Callable Wild]Market Value %
_f of PoMol(o
— —
HELD BY
Well Fargo Bank _ _ 1 I _ I—_ I _
General Checking _ _ 4950-041244 No limit _ x 1,080,847.0O,FDIC up to$100,000.00 Ongoing Na 1.375% _1,080_847.00 1.76%
�� L—___.
_Overland Express SweeP_____- No limit � x 1 1,279,68&6j> 10$ 0,000 colla[erized by 710°%in govn't securities Ongoing Na 1.200% 1,279,686.6Q _ 2.08o/
Workers Compensation Checking 0606.050318 _ No limit 88,535.471FDIC up to$100,000.00 Ongoing n/a I None 88,535.471_ 0.14%
_ >$100,000 colla[erized by 110%in govnY securities __
Flexible Reimbursement 0606-55036 No limit x 10,997.26 FDIC u to$100,000.00 On oing n/a None 10,997.26 0.02%
_ >$100,000 wllaterized by 110%in ovnY securities _
Fed Farm Credit Note 31331OHE0 No limit x 5,000,000.00 Federally Sponsored Agenc 03/06/07 02/06/03 4.000% 5,001,550.00_ 8.14
Fannie Mae Note 3136F2FM5 No limit x 5,000,000.00 Federally Sponsored Agency 08/27/07 08/27/03 4.000% 5,067,200.00, _ 8.25%
Fannie Mae Note 3136F2VN5 No limit x 2,000,000.00 Federally Sponsored Agency 12126/07. 12/26/03 4.100% 2,035,680.00 3.31%
Fed Farm Credit Note 31331 OJA6 No limit z 2,500,000.00 Federally Sponsored Agency 11/14/07 02/14/03 4.190% 2,502,350.00, 4.07
T
Payroll Checking(swept into a ZBA account 4159-281393 No limit x 0.00 FDIC up to$100.000.00 Ongoing Na None 0.00 0.00%
>$100,000 collaterized by 110%in govn4 securities
Certificate of Deposit(ISO) 1 3000311658 I No limit x 300,000.00 FDIC up 10$100,000.00 Ongoing n/a 1200% 303,469.8611 0,49%
ISO holds a$300,000 security interest in the CD
Certificate of Deposit Wells Faro Bank 1061-520284-000 No limit x 1,975.001.22 FDIC up to$100,000.00 >$100,000 collateralized by 110%in gov.secu 04/07/03 n/a 1.900% 1,975,001.21 —210/6
Wells Fargo Bank Sub-Total: 19,235,067.63 19,345,317.49___
Gilford Securities Acct:955921-121
FHLB-Step up(is[yr=3%,2nd=3.5%,3rd=49/6,etc) 3133MSAD27 No limit x 1,995,625.00 Federally Sponsored Agency 10/17/2007 01/17/2003 3.000% 2,006,260.00 3.26%
Fed Home Loan Mtg Corp.(Med.Tenn Note) 3128XOKV0 No limit x 2,000,625.00 Federal/ Sponsoretl Agent 11/21/2006 1x 11/21/0 . 3.242% 2,0 0055512,0 005551 0 3.28%
Freddie MAC 312925ZJ2 No limit x 1,994,062.50,Federall Sponsored Agency 11/06/200602/06/2003' 4.884% 2,000,000.00 3.25%
Fed Home Loan Mtg Corp.(Med.Term Note) 3133MKDE4C 1 No limit x 2,000,000.00,Federall Sponsored Agency 12/19/2007 06/19/2003 4.000% 2,014,050.00 3.28%
I I
I ' I
Local Agency Investment Fund(LAIF) 1 98-19-041 1 $40,000,000.00 x 32,098,673.53'Backed by full faith&credit RM State of Califomia Ongoing n/a 2.690% 32,098,673.53 52.239/.
I _
TOTAL HELD BY CITY TREASURER 59,324,053.6 , 59,479,851.0
I
HELD BY FISCAL AGENTS: _
State Street Bank
Escrow Account 1211055-010 No limit 1,972,510.40 Custodian account for section 108 HUD loan program Ongoing We 1.380% 1,974,135.18 3.21
TOTAL HELD BY FISCAL AGENTS i 1,972,510.40, 1,974,135.18:
I I I
TOTAL-CITY OF AZUSA CASH&INVESTMENTS $61,296,564.0 $61,453,986.20 100.00%
a.
fy
C 'g.
e. r