HomeMy WebLinkAboutE-11 Staff Report - City Treasurers Report 06-2022CONSENT ITEM
E-11
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: August 15, 2022
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF JUNE 2022
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of June 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 June 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 May 31, 2022 to June 30, 2022 is
a net decrease of $(2,929,645.10.)
The change in total cash in bank and investments (at market) from May 31, 2022 to June 30,
2022 is a net decrease of $(3,496,920.56).
Prepared by:
Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
8/15/2022
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer
Treasury Checking Accounts and Certificates of Deposit June 30, 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 54,753.00
Stagecoach Sweep Account DDA XXX-XXX1244 12,316,243.21
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 847.41
0.850%Barclays Bank 02/23/2023 06740KNU7 106,976.89
Sewer Bond Fund
Cash 0.00
WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 40,605.24
1.625%United States Treasury Note 05/31/2023 912828R69 247,119.14
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 8,520.35
Investments In Fixed Income. Equities, Real Asset Funds & Other 147,431.84
TOTALS WELLS FARGO BANK ACCOUNTS 12,938,880.18
Page 1
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer June 30, 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 60,433.99
Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 100.097 245,237.65 5,389.98
Multi National Bank 248,000.00 Ally Bk Midvale Utah 1.850%01/17/23 02007GMN0 01/07/20 248,000.00 99.829 247,575.92 4,588.00
Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 94.836 235,193.28 3,471.99
Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 100.130 245,318.50 5,635.00
245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 93.554 229,207.30
Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 94.476 234,300.48 3,100.00
Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 98.295 240,822.75 5,804.50
Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 94.482 231,480.90 3,185.00
Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 100.400 245,980.00 8,085.00
Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 100.129 245,316.05 5,635.00
246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 98.924 243,353.04
Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 92.922 227,658.90 1,960.05
Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 96.830 237,233.50 4,410.03
Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 92.871 230,320.08 1,983.98
Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 94.526 231,588.70 3,307.50
Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 93.085 228,058.25 2082.5
245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 96.786 237,125.70
Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 90.750 222,337.50 1,715.02
Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 92.820 227,409.00 1,960.05
Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 100.150 245,367.50 5,880.03
245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 99.145 242,905.25 676.27
Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 94.815 235,141.20 3,471.99
Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 95.365 236,505.20 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 96.838 240,158.24 4,712.03
Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 99.889 244,728.05 7,472.50
Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 100.129 245,316.05 5,635.00
Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 94.620 231,819.00 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 90.233 221,070.85 1,557.58
Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 92.871 227,533.95 1,793.58
Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 98.899 242,302.55 4,777.50
Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.072 223,126.40 1,457.92
Multi Bank Securities 245,000.00 TIAA FSB 2.200%08/16/22 87270LAJ2 08/31/17 245,000.00 100.056 245,137.20 5,390.00
Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 91.887 225,123.15 1,592.50
Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 94.458 234,255.84 2,836.71
Multi National Bank 248,000.00 Wells Fargo Natl Bk 1.900%01/17/23 949495AQ8 01/07/20 248,000.00 99.856 247,642.88 3,950.36
TOTALS 8,603,000.00 8,603,000.00 8,273,650.81 181,227.06
Page 2
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer June 30, 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 92.553 925,530.00 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 92.343 923,430.00 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 90.850 908,500.00 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 94.036 940,360.00 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 91.822 1,836,440.00 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 91.780 917,800.00 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 92.121 1,842,420.00 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 92.556 925,560.00 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 92.330 923,300.00 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 93.659 936,590.00 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 92.557 925,570.00 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 92.329 923,290.00 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 92.384 923,840.00 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 93.048 930,480.00 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 92.963 929,630.00 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 91.823 918,230.00 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 92.874 928,740.00 10,383.33
Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 93.355 933,550.00 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 92.547 925,470.00 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 92.182 1,014,002.00 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 90.839 908,390.00 5,500.00
1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 96.783 967,830.00 3,013.89
1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 94.272 942,720.00
1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 95.115 951,150.00
Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 90.645 906,450.00 7,500.00
Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 92.245 922,450.00 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 91.842 1,836,840.00 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 92.534 925,340.00 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 93.250 932,500.00 7,300.00
1,000,000.00 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 99.491 994,910.00 (2,059.44)
1,250,000.00 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 97.534 1,219,175.00
1,000,000.00 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 96.382 963,820.00
1,000,000.00 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 3,000,000.00 97.808 978,080.00
1,000,000.00 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 99.042 990,420.00
1,000,000.00 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 99.215 992,150.00
1,000,000.00 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 100.327 1,003,270.00
1,000,000.00 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 98.631 986,310.00
1,085,000.00 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 99.315 1,077,567.75
1,000,000.00 FHLMC MTN 4.000 6/30/27 4.000%06/30/27 3134GXZB3 06/30/22 1,000,000.00 100.489 1,004,890.00
1,000,000 US Treasury Note 0.250 12/31/25 0.250%12/31/25 91282CBC4 01/11/21 996,318.00 91.137 911,370.00 3,750.00
Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12/1.042%12/01/25 786134WG7 04/22/22 931,540.00 92.450 924,500.00 1,128.83
TOTALS 44,435,000 46,313,842.44 41,772,864.75 170,499.94
WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.250%N/A N/A N/A 2,640,842.76 100.000 2,640,842.76 362.93
LAIF - CITY LOCAL AGENCY INVESTMENT FUND 0.861%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 June 30, 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 91.909 1,838,180.00 9,000.00
Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 93.102 2,793,060.00 24,000.00
Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 91.537 2,746,110.00 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 94.275 942,750.00 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 90.975 2,729,250.00 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 97.859 1,957,180.00 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 90.294 902,940.00 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 88.692 886,920.00 7,000.00
Southwest Securities 1,000,000.00 JPMORGAN Chase 2.700%05/18/23 46625HRL6 03/17/20 1,018,830.00 99.533 995,330.00 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 87.329 873,290.00 7,500.00
Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 100.143 245,350.35 5,757.50
TOTALS 18,245,000 18,389,494.56 16,910,360.35 162,413.06
Page 4
CITY OF AZUSA TREASURER'S REPORT
Prepared by: Art Vasquez, Treasurer June 30, 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 119,160,512.99 112,811,051.90 631,372.76
*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
JUN Inv 119,160,512.99$ JUN Inv 112,811,051.90$
MAY Inv 116,125,574.38$ MAY Inv 110,343,388.75$
JUN Bank 12,938,880.18$ JUN Bank 12,938,880.18$
MAY Bank 18,903,463.89$ MAY Bank 18,903,463.89$
Change (2,929,645.10)$ Change (3,496,920.56)$