HomeMy WebLinkAboutE-4 Staff Report - City Treasurers Report 03-2021CONSENT ITEM
E-4
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: JULY 19, 2021
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF MARCH 2021
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of March 2021. 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 March 2021.
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 February 28, 2021 to March 31,
2021 is a net decrease of $(1,253,675.65).
The change in total cash in bank and investments (at market) from February 28, 2021 to March
31, 2021 is a net decrease of $(1,4692,851.54).
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
7/19/2021
Received and Filed
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit March 31, 2021
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 9,972.00
Stagecoach Sweep Account DDA XXX-XXX1244 11,992,793.40
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 1,109.06
Covington Endowment
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 108,847.12
0.000%0.00
Sewer Bond Fund
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 290,718.30
0.000%0.00
City of Azusa Settlement Trust
WFB Public Institutional Bank Money Market WFB XXXX6615 15,267.66
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 3,200.95
Investments In Fixed Income. Equities, Real Asset Funds & Other 176,408.47
TOTALS WELLS FARGO BANK ACCOUNTS 12,598,316.96
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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 10,556.28
Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 103.290 253,060.50 4,031.41
Multi Bank Securities 245,000.00 American Expr Bank 2.350%05/03/22 02587CEM8 05/03/17 245,000.00 102.443 250,985.35 2,902.41
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 103.362 253,236.90 2,825.22
Multi Bank Securities 245,000.00 Capital One Bank 2.300%03/01/22 140420Y53 03/01/17 245,000.00 102.058 250,042.10 5,635.00
Multi Bank Securities 247,000.00 Capital One NA 2.350%08/15/22 14042RHM6 08/23/17 247,000.00 103.128 254,726.16 5,820.40
Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 103.104 252,604.80 1,596.86
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 107.589 263,593.05 8,085.00
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 103.329 253,156.05 4,214.67
Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 101.019 247,496.55 1,466.01
Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 104.765 256,674.25 3,298.46
Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 100.997 250,472.56 1,483.91
Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 103.290 253,060.50 2,473.83
Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 101.221 247,991.45 1049.81
Multi Bank Securities 247,000.00 Goldman Sachs Group, Inc.2.300%03/08/22 38148PGX9 03/08/17 247,000.00 102.099 252,184.53 5,681.00
Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 99.359 243,429.55
Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 100.974 247,386.30 1,482.12
Multi Bank Securities 245,000.00 Keesler Fed Cr Un 3.000%08/30/21 49254FAQ9 03/06/19 245,000.00 101.228 248,008.60 5,497.42
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR U 2.410%12/29/22 499724AB8 12/29/17 245,000.00 103.942 254,657.90 4,397.94
Multi Bank Securities 245,000.00 Live Oak Banking Com 2.250%04/07/22 538036CM4 04/07/17 245,000.00 102.199 250,387.55 4,123.07
Multi Bank Securities 245,000.00 Mercantil Commerceba 2.050%12/09/21 58733ADN6 12/09/16 245,000.00 101.383 248,388.35 2,518.13
Multi Bank Securities 245,000.00 Morgan Stanley 2.650%01/11/23 61747MF63 01/04/18 245,000.00 104.463 255,934.35 6,510.29
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 107.796 264,100.20 7,492.97
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 103.329 253,156.05 4,214.67
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 102.686 251,580.70 4,214.67
Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 103.305 253,097.25 1,658.28
Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 100.997 247,442.65 1,466.01
Multi Bank Securities 245,000.00 Private Bank and Trust 2.200%03/30/22 74267GVT1 03/30/17 245,000.00 102.126 250,208.70 5,390.00
Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 104.142 255,147.90 4,790.59
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 102.753 251,744.85 2,886.64
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 102.879 252,053.55 5,404.77
Multi Bank Securities 245,000.00 Toyota Financial Sav 0.650%08/21/25 89235MKF7 08/21/20 245,000.00 100.035 245,085.75 802.79
TOTALS 7,602,000.00 7,602,000.00 7,811,094.95 123,970.63
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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 100,579.16
Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 100.003 1,000,030.00 3,400.00
Southwest Securities 1,000,000 FFCB 0.610 8/25/25 0.610%08/25/25 3133EL4W1 08/27/20 999,000.00 97.708 977,080.00 3,016.11
Southwest Securities 1,000,000 FFCB 0.530 9/29/25 0.530%09/29/25 3133EMBJO 10/02/20 999,300.00 98.114 981,140.00 2,605.83
Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 99.539 995,390.00
Southwest Securities 1,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 998,000.00 98.052 980,520.00 (294.44)
Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 98.507 1,970,140.00 6,000.00
Southwest Securities 1,000,000 FHLB 0.520 10/15/25 0.520%10/15/25 3130AKBX3 11/10/20 998,250.00 97.904 979,040.00 (361.11)
Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 98.373 983,730.00
Southwest Securities 1,000,000 FHLB 0.580 9/11/25 0.580%09/11/25 3130AK4T0 09/08/20 999,000.00 98.230 982,300.00 2,900.00
Southwest Securities 1,000,000 FHLB 0.700 2/25/26 0.700%02/25/26 3130ALCU6 02/25/21 1,000,000.00 98.297 982,970.00
Southwest Securities 1,000,000 FHLB 0.800 3/16/26 0.800%03/16/26 3130ALDN1 03/16/21 1,000,000.00 98.446 984,460.00
Southwest Securities 1,000,000 FHLB 1.000 3/23/26 1.000%03/23/26 3130ALJP0 03/23/21 1,000,000.00 99.650 996,500.00
Southwest Securities 1,000,000 VRFHLB 0.005 3/24/26 0.500%03/24/26 3130ALLN2 03/24/21 1,000,000.00 99.477 994,770.00
Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 98.379 983,790.00 875.00
Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 98.158 1,963,160.00 3,708.33
Southwest Securities 1,000,000 FNMA 0.570 8/26/25 0.570%08/26/25 3136G4J61 08/26/20 1,000,000.00 98.590 985,900.00 2,850.00
Southwest Securities 1,000,000 US Treasury Note 0.250 12/31/25 0.250%12/31/25 91282CBC4 01/11/21 996,318.00 97.613 976,130.00 (113.95)
TOTALS 19,000,000 18,974,998.94 18,717,050.00 125,164.93
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.100%N/A N/A N/A 4,480,578.89 100.000 4,480,578.89 971.54
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 0.357%N/A N/A N/A 34,063,275.17 100.000 34,063,275.17 255,786.37
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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 37,125.41
Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 98.286 1,965,720.00 4,450.00
Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 99.561 2,986,830.00 8,555.56
Southwest Securities 2,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 2,004,780.00 98.229 1,964,580.00 4,781.94
Southwest Securities 1,000,000.00 Caterpillar Fin Ser 1.450%05/15/25 14913R2C0 08/31/20 1,039,350.00 101.325 1,013,250.00 2,940.28
Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 98.379 2,951,370.00 (2,977.78)
Southwest Securities 1,000,000.00 Credit Suisse New York 1.000%05/05/23 22550L2D2 07/14/20 1,011,120.00 100.498 1,004,980.00 3,083.34
Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 98.002 980,020.00 (388.89)
Multi Bank Securities 1,000,000.00 JP Morgan Chase 0.700%01/22/26 46632FRU1 01/22/21 1,000,000.00 97.224 972,240.00
Southwest Securities 1,000,000.00 JPMORGAN Chase 2.700%05/18/23 46625HRL6 03/17/20 1,018,830.00 104.320 1,043,200.00 13,500.00
Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 96.782 967,820.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 103.410 253,354.50 2,886.64
TOTALS 24,445,000 16,375,994.56 16,103,364.50 73,956.50
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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
Multi National Bank 248,000.00 Ally Bk Midvale Utah 1.850%01/17/23 02007GMN0 01/07/20 248,000.00 103.065 255,601.20 4,600.57
Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 103.529 256,751.92 2,596.86
Higgins/RBC 245,000.00 Bank Baroda New York 1.850%11/23/21 06062QXG4 11/23/16 245,000.00 101.160 247,842.00 2,284.88
Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 102.943 255,298.64 3,100.00
Multi National Bank 248,000.00 First Tech Fed 1.750%06/30/21 33715LAD2 06/30/16 248,000.00 100.391 248,969.68 (11.90)
Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 103.531 256,756.88 4,784.70
Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 104.327 258,730.96 3,968.00
Multi National Bank 248,000.00 Merrick Bank South Jor 1.900%10/18/24 59013KDM5 10/18/19 248,000.00 105.209 260,918.32 3,524.34
Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 102.940 255,291.20 2,318.63
Multi National Bank 249,000.00 Wells Fargo Bank 1.750%06/17/21 9497485W3 06/17/16 249,000.00 100.331 249,824.19 3,259.17
Multi National Bank 248,000.00 Wells Fargo Natl Bk 1.900%01/17/23 949495AQ8 01/07/20 248,000.00 103.151 255,814.48 3,524.34
TOTALS 1,489,000.00 2,726,000.00 2,801,799.47 33,949.59
Page 5
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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 Investments - AAA Rated Corporate Bonds
BONDS CALLED OR MATURED DURING FISCAL YEAR 0.00
Southwest Securities 1,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 10/28/20 1,002,330.00 98.229 982,290.00 1,711.11
Southwest Securities 1,000,000.00 Credit Suisse New York 1.000%05/05/23 22550L2D2 07/09/20 1,011,170.00 100.498 1,004,980.00 3,222.23
TOTALS 2,000,000 2,013,500.00 1,987,270.00 4,933.34
Page 6
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer March 31, 2021
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 20,250.00
Southwest Securities 1,000,000.00 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 10/22/20 999,250.00 98.052 980,520.00
Southwest Securities 1,000,000.00 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 98.245 982,450.00
Southwest Securities 1,000,000.00 FNMA 0.730 7/15/25 0.730%07/15/25 3136G4YU1 07/15/20 1,000,000.00 99.514 995,140.00 3,650.00
TOTALS 3,000,000.00 2,998,010.00 2,958,110.00 23,900.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.100%N/A N/A N/A 3,152,355.08 100.000 3,152,355.08 327.39
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 92,386,712.64 92,074,898.06 642,960.29
*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 7
Cost Market
MAR Inv 92,386,712.64$ MAR Inv 92,074,898.06$
FEB Inv 92,351,234.68$ FEB Inv 92,248,595.99$
MAR Bank 12,598,316.96$ MAR Bank 12,598,316.96$
FEB Bank 13,887,470.57$ FEB Bank 13,887,470.57$
Change (1,253,675.65)$ Change (1,462,851.54)$