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HomeMy WebLinkAboutE-5 Staff Reort - City Treasurers Report 08-2022CONSENT ITEM E-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: October 17, 2022 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF AUGUST 2022 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of August 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 August 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 July 31, 2022 to August 31, 2022 is a net decrease of $(1,430,038.97). The change in total cash in bank and investments (at market) from July 31, 2022 to August 31, 2022 is a net decrease of $(2,600,620.68). Prepared by: Art Vasquez, City Treasurer APPROVED CITY COUNCIL 10/17/2022 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit August 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 326,883.00 Stagecoach Sweep Account DDA XXX-XXX1244 8,187,521.83 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 849.36 0.850%Barclays Bank 02/23/2023 06740KNU7 106,956.41 Sewer Bond Fund Cash 0.00 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 40,698.51 1.625%United States Treasury Note 05/31/2023 912828R69 246,865.24 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 9,082,109.64 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer August 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 2,672.85 Multi Bank Securities 245,000.00 Allegiance Bnk Texas 2.200%11/03/22 01748DAY2 11/03/17 245,000.00 99.970 244,926.50 900.79 Multi National Bank 248,000.00 Ally Bk Midvale Utah 1.850%01/17/23 02007GMN0 01/07/20 248,000.00 99.676 247,196.48 2,275.15 Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 95.025 235,662.00 580.25 Multi Bank Securities 245,000.00 Barclays Bank 2.300%10/18/22 06740KLD7 10/31/17 245,000.00 100.004 245,009.80 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 93.524 229,133.80 2,308.37 Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 94.694 234,841.12 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 98.113 240,376.85 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 94.695 232,002.75 Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 100.137 245,335.65 Multi Bank Securities 245,000.00 Comenity Cap Bank 2.300%10/12/22 20033AXM3 10/12/17 245,000.00 100.012 245,029.40 941.74 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 98.722 242,856.12 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 93.207 228,357.15 327.57 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 96.931 237,480.95 737.02 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 93.158 231,031.84 331.57 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 94.723 232,071.35 552.76 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 93.374 228,766.30 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 96.366 236,095.72 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 90.898 222,700.10 286.62 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 93.108 228,114.60 327.57 Multi Bank Securities 245,000.00 Knoxville TVA Employees CR UN 2.410%12/29/22 499724AB8 12/29/17 245,000.00 99.927 244,821.15 982.69 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 98.934 242,388.30 1,330.72 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 95.005 235,612.40 580.25 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 95.528 236,909.44 Multi National Bank 248,000.00 Merrick Bank South Jor 1.900%10/18/24 59013KDM5 10/18/19 248,000.00 96.923 240,369.04 787.49 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 99.719 244,311.55 3,705.54 Multi Bank Securities 245,000.00 Mountain Amer Fed Cr 2.300%10/12/22 62384RAB2 10/12/17 245,000.00 100.012 245,029.40 941.74 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 94.825 232,321.25 Multi Bank Securities 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 90.352 221,362.40 348.03 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 93.158 228,237.10 327.57 Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 98.853 242,189.85 2,369.12 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.155 223,329.75 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 92.140 225,743.00 789.71 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 94.664 234,766.72 518.08 Multi National Bank 248,000.00 Wells Fargo Natl Bk 1.900%01/17/23 949495AQ8 01/07/20 248,000.00 99.699 247,253.52 387.29 TOTALS 8,358,000.00 8,358,000.00 8,031,633.35 25,310.49 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer August 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 91.525 915,250.00 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 91.164 911,640.00 3,050.00 Southwest Securities 1,000,000 FFCB 0.530 9/29/25 0.530%09/29/25 3133EMBJO 10/02/20 999,300.00 90.681 906,810.00 Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 93.274 932,740.00 Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 90.516 1,810,320.00 Southwest Securities 1,000,000.00 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 90.995 909,950.00 Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 91.710 1,834,200.00 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 90.403 904,030.00 Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 90.193 901,930.00 3,250.00 Southwest Securities 1,000,000 FHLB 0.300 11/18/24 0.300%05/04/21 3130AKXV3 05/05/21 996,000.00 92.664 926,640.00 1,500.00 Southwest Securities 1,000,000 FHLB 0.580 9/11/25 0.580%09/11/25 3130AK4T0 09/08/20 999,000.00 90.816 908,160.00 Southwest Securities 1,000,000 FHLB 0.700 2/25/26 0.700%02/25/26 3130ALCU6 02/25/21 1,000,000.00 90.016 900,160.00 3,500.00 Southwest Securities 1,000,000 FHLB 0.800 3/16/26 0.800%03/16/26 3130ALDN1 03/16/21 1,000,000.00 90.214 902,140.00 Southwest Securities 1,000,000 VRFHLB 0.005 3/24/26 0.500%03/24/26 3130ALLN2 03/24/21 1,000,000.00 90.777 907,770.00 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 90.744 907,440.00 Southwest Securities 1,000,000 FHLB 0.600 2/18/26 0.600%02/18/26 313OAL2G8 07/22/21 999,000.00 89.931 899,310.00 3,000.00 Southwest Securities 1,000,000 FHLB 1.050 6/26/26 1.050%06/26/26 3130AMWT5 06/30/21 999,750.00 90.447 904,470.00 1,750.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.631 906,310.00 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 90.065 900,650.00 Southwest Securities 1,100,000 FHLB 1.000 9/30/26 1.000%09/30/26 3130ANYN4 09/30/21 1,099,450.00 89.694 986,634.00 Southwest Securities 1,000,000 FHLB 1.100 10/13/26 1.100%10/13/26 3130APB87 10/13/21 999,500.00 89.977 899,770.00 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 94.765 947,650.00 (1,458.33) 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 96.058 960,580.00 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 93.038 930,380.00 10,000.00 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 92.565 925,650.00 10,000.00 2,000,000 FHLB 1.875 12/9/22 1.875%12/09/22 313381BR5 08/22/22 1,997,720.00 99.697 1,993,940.00 (7,604.17) Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 89.575 895,750.00 Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 91.474 914,740.00 1,875.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 91.215 1,824,300.00 3,750.00 Southwest Securities 1,000,000 FNMA 0.570 8/26/25 0.570%08/26/25 3136G4J61 08/26/20 1,000,000.00 91.045 910,450.00 2,850.00 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 91.814 918,140.00 3,650.00 1,000,000.00 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 98.506 985,060.00 1,250,000.00 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 95.544 1,194,300.00 1,000,000.00 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 93.740 937,400.00 1,000,000.00 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 3,000,000.00 95.267 952,670.00 1,000,000.00 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 96.099 960,990.00 1,000,000.00 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 97.186 971,860.00 1,000,000.00 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 98.026 980,260.00 1,000,000.00 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 99.624 996,240.00 1,000,000.00 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 99.503 995,030.00 1,000,000.00 FHLB 3.25 8/15/23 3.250%08/15/23 3130ASX87 08/19/22 1,000,000.00 99.667 996,670.00 (361.11) 1,000,000.00 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 97.361 973,610.00 1,085,000.00 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 98.794 1,071,914.90 1,000,000.00 FHLMC MTN 4.000 6/30/27 4.000%06/30/27 3134GXZB3 06/30/22 1,000,000.00 99.851 998,510.00 1,000,000 US Treasury Note 0.250 12/31/25 0.250%12/31/25 91282CBC4 01/11/21 996,318.00 90.262 902,620.00 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 91.195 911,950.00 TOTALS 50,435,000 52,271,082.44 47,026,988.90 48,151.39 WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 1.100%N/A N/A N/A 2,024,011.69 100.000 2,024,011.69 1,796.85 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 1.090%N/A N/A N/A 43,294,237.64 100.000 43,294,237.64 80,904.41 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer August 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* Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 91.379 1,827,580.00 4,500.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 92.398 2,771,940.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 91.262 2,737,860.00 8,250.00 Southwest Securities 1,000,000.00 Caterpillar Fin Ser 1.450%05/15/25 14913R2C0 08/31/20 1,039,350.00 94.024 940,240.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 90.542 2,716,260.00 Southwest Securities 2,000,000.00 Credit Suisse New York 1.000%05/05/23 22550L2D2 07/14/20 2,022,290.00 97.857 1,957,140.00 0.00 Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 90.367 903,670.00 3,500.00 Multi Bank Securities 1,000,000.00 JP Morgan Chase 0.700%01/22/26 46632FRU1 01/22/21 1,000,000.00 87.950 879,500.00 3,500.00 Southwest Securities 1,000,000.00 JPMORGAN Chase 2.700%05/18/23 46625HRL6 03/17/20 1,018,830.00 99.432 994,320.00 Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 86.602 866,020.00 Multi Bank Securities 245,000.00 Synchrony Bank 2.350%10/13/22 87165FRW6 10/13/17 245,000.00 100.015 245,036.75 TOTALS 18,245,000 18,389,494.56 16,839,566.75 19,750.00 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 124,336,826.33 117,216,438.33 175,913.14 Cost Market AUG Inv 124,336,826.33$ AUG Inv 117,216,438.33$ JUL Inv 119,265,847.82$ JUL Inv 113,316,041.53$ AUG Bank 9,082,109.64$ AUG Bank 9,082,109.64$ JUL Bank 15,583,127.12$ JUL Bank 15,583,127.12$ Change (1,430,038.97)$ Change (2,600,620.68)$