HomeMy WebLinkAboutE-4 Staff Report - Ctiy Treasurers Report 05-2022CONSENT ITEM
E-4
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: July 18, 2022
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF MAY 2022
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of May 2022. 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 May 2022.
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 April 30, 2022 to May 31, 2022
is a net increase of $7,661,130.30.
The change in total cash in bank and investments (at market) from April 30, 2022 to May 31,
2022 is a net increase of $6,024,701.13.
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
7/18/2022
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit May 31, 2022
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 514,468.00
Stagecoach Sweep Account DDA XXX-XXX1244 17,783,841.79
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 847.08
0.850%Barclays Bank 02/23/2023 06740KNU7 107,347.54
Sewer Bond Fund
Cash 2,031.25
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 38,558.94
1.625%United States Treasury Note 05/31/2023 912828R69 248,720.70
City of Azusa Settlement Trust
WFB Public Institutional Bank Money Market WFB XXXX6615 15,274.04
Philleo TR FBO Azusa
WFB Money Market Fund WFB XXXX8700 11,203.11
Investments In Fixed Income. Equities, Real Asset Funds & Other 180,062.38
TOTALS WELLS FARGO BANK ACCOUNTS 18,903,463.89
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer May 31, 2022
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 49,041.49
Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 100.391 245,957.95 4,932.20
Multi National Bank 248,000.00 Ally Bk Midvale Utah 1.850%01/17/23 02007GMN0 01/07/20 248,000.00 100.197 248,488.56 4,588.00
Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 95.618 237,132.64 3,177.11
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 100.414 246,014.30 5,635.00
245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 94.245 230,900.25
Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 95.235 236,182.80 3,100.00
Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 99.126 242,858.70 5,804.50
Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 95.245 233,350.25 3,185.00
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 101.220 247,989.00 8,085.00
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 100.399 245,977.55 5,156.41
246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 99.779 245,456.34
Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 93.646 229,432.70 1,793.58
Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 97.603 239,127.35 4,035.48
Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 93.595 232,115.60 1,815.48
Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 95.300 233,485.00 3,026.59
Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 93.808 229,829.60 2082.5
245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 97.577 239,063.65
Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 91.341 223,785.45 1,569.36
Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 93.544 229,182.80 1,793.58
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 100.540 246,323.00 5,380.63
245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 100.008 245,019.60
Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 95.598 237,083.04 3,177.11
Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 96.154 238,461.92 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 97.633 242,129.84 4,311.83
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 100.709 246,737.05 7,472.50
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 100.399 245,977.55 5,156.41
Multi Bank Securities 245,000.00 Numerica Credit Union 2.300%06/21/22 67054NAK9 06/21/17 245,000.00 100.070 245,171.50 5,156.41
Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 95.388 233,700.60 3,307.50
Multi Bank Securities 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 90.760 222,362.00 1,380.71
Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 93.595 229,307.75 1,627.11
Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 99.585 243,983.25 4,777.50
Multi Bank Securities 245,000.00 Sallie Mae Bank 2.350%06/21/22 795450A70 06/21/17 245,000.00 100.072 245,176.40 2,886.64
Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.665 224,579.25 1,457.92
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 100.236 245,578.20 5,390.00
Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 92.593 226,852.85 1,592.50
Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 95.222 236,150.56 2,573.42
Multi National Bank 248,000.00 Wells Fargo Natl Bk 1.900%01/17/23 949495AQ8 01/07/20 248,000.00 100.229 248,567.92 3,550.16
TOTALS 9,093,000.00 9,093,000.00 8,819,492.77 171,987.63
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer May 31, 2022
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 0.00
Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 93.238 932,380.00 6,800.00
Southwest Securities 1,000,000 FFCB 0.610 8/25/25 0.610%08/25/25 3133EL4W1 08/27/20 999,000.00 92.942 929,420.00 6,100.00
Southwest Securities 1,000,000 FFCB 0.530 9/29/25 0.530%09/29/25 3133EMBJO 10/02/20 999,300.00 92.494 924,940.00 5,300.00
Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 94.691 946,910.00 4,000.00
Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 92.521 1,850,420.00 10,600.00
Southwest Securities 1,000,000.00 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 92.477 924,770.00 4,600.00
Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 93.073 1,861,460.00 12,000.00
Southwest Securities 1,000,000 FHLB 0.520 10/15/25 0.520%10/15/25 3130AKBX3 11/10/20 998,250.00 93.285 932,850.00 5,200.00
Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 93.093 930,930.00 6,500.00
Southwest Securities 1,000,000 FHLB 0.300 11/18/24 0.300%05/04/21 3130AKXV3 05/05/21 996,000.00 94.304 943,040.00 3,000.00
Southwest Securities 1,000,000 FHLB 0.580 9/11/25 0.580%09/11/25 3130AK4T0 09/08/20 999,000.00 93.264 932,640.00 5,800.00
Southwest Securities 1,000,000 FHLB 0.700 2/25/26 0.700%02/25/26 3130ALCU6 02/25/21 1,000,000.00 93.104 931,040.00 7,000.00
Southwest Securities 1,000,000 FHLB 0.800 3/16/26 0.800%03/16/26 3130ALDN1 03/16/21 1,000,000.00 93.166 931,660.00 8,000.00
Southwest Securities 1,000,000 VRFHLB 0.005 3/24/26 0.500%03/24/26 3130ALLN2 03/24/21 1,000,000.00 93.838 938,380.00 5,000.00
Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 93.780 937,800.00 10,200.00
Southwest Securities 1,000,000 FHLB 0.600 2/18/26 0.600%02/18/26 313OAL2G8 07/22/21 999,000.00 92.569 925,690.00 3,433.33
Southwest Securities 1,000,000 FHLB 1.050 6/26/26 1.050%06/26/26 3130AMWT5 06/30/21 999,750.00 93.721 937,210.00 9,508.33
Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 94.225 942,250.00 2,500.00
Multi-Bank Securities 1,000,000 FHLB 1.100 9/28/26 1.100%09/28/26 3130ANUX6 09/28/21 1,000,000.00 93.436 934,360.00 5,500.00
Southwest Securities 1,100,000 FHLB 1.000 9/30/26 1.000%09/30/26 3130ANYN4 09/30/21 1,099,450.00 93.058 1,023,638.00 5,500.00
Southwest Securities 1,000,000 FHLB 1.100 10/13/26 1.100%10/13/26 3130APB87 10/13/21 999,500.00 91.663 916,630.00 5,500.00
1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 97.495 974,950.00 (861.11)
1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 95.414 954,140.00
1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 96.166 961,660.00
Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 91.401 914,010.00 3,750.00
Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 92.849 928,490.00 3,750.00
Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 92.555 1,851,100.00 7,500.00
Southwest Securities 1,000,000 FNMA 0.570 8/26/25 0.570%08/26/25 3136G4J61 08/26/20 1,000,000.00 93.235 932,350.00 5,700.00
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 93.958 939,580.00 7,300.00
1,250,000.00 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 98.384 1,229,800.00
1,000,000.00 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 97.477 974,770.00
1,000,000.00 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 3,000,000.00 98.921 989,210.00
1,000,000.00 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 99.839 998,390.00
1,000,000.00 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 99.935 999,350.00
1,000,000.00 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 99.443 994,430.00
1,085,000.00 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 99.945 1,084,403.25
1,000,000 US Treasury Note 0.250 12/31/25 0.250%12/31/25 91282CBC4 01/11/21 996,318.00 91.785 917,850.00 1,875.00
Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 93.034 930,340.00 (4,081.17)
TOTALS 41,435,000 43,320,911.44 39,103,241.25 156,974.38
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.250%N/A N/A N/A 2,108,835.15 100.000 2,108,835.15 189.31
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 0.684%N/A N/A N/A 43,213,333.23 100.000 43,213,333.23 116,848.38
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer May 31, 2022
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 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 92.878 1,857,560.00 9,000.00
Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 93.985 2,819,550.00 12,000.00
Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 92.844 2,785,320.00 16,500.00
Southwest Securities 1,000,000.00 Caterpillar Fin Ser 1.450%05/15/25 14913R2C0 08/31/20 1,039,350.00 95.146 951,460.00 14,500.00
Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 92.314 2,769,420.00 24,000.00
Southwest Securities 2,000,000.00 Credit Suisse New York 1.000%05/05/23 22550L2D2 07/14/20 2,022,290.00 98.174 1,963,480.00 20,000.00
Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 91.517 915,170.00 7,155.56
Multi Bank Securities 1,000,000.00 JP Morgan Chase 0.700%01/22/26 46632FRU1 01/22/21 1,000,000.00 89.118 891,180.00 7,000.00
Southwest Securities 1,000,000.00 JPMORGAN Chase 2.700%05/18/23 46625HRL6 03/17/20 1,018,830.00 100.117 1,001,170.00 27,000.00
Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 89.814 898,140.00 7,500.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 100.423 246,036.35 5,757.50
TOTALS 18,245,000 18,389,494.56 17,098,486.35 150,413.06
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer May 31, 2022
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
TOTALS 0.00 0.00 0.00 0.00
WFB - L&W THIRD PARTY CUSTODIAL TRUST ACCT 0.100%N/A N/A N/A 0.00 100.000 0.00 21.39
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 116,125,574.38 110,343,388.75 596,434.15
*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
MAY Inv 116,125,574.38$ MAY Inv 110,343,388.75$
APR Inv 114,059,811.20$ APR Inv 109,914,054.74$
MAY Bank 18,903,463.89$ MAY Bank 18,903,463.89$
APR Bank 13,308,096.77$ APR Bank 13,308,096.77$
Change 7,661,130.30$ Change 6,024,701.13$