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HomeMy WebLinkAboutE-4 Staff Report - City Treasurers Report 01-2023CONSENT ITEM E-4 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: March 20, 2023 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF JANUARY 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of January 2023. 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 January 2023. 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 December 31, 2022 to January 31, 2023 is a net increase of $3,439,395.83. The change in total cash in bank and investments (at market) from December 31, 2022 to January 31, 2023 is a net increase of $4,139,788.97. Prepared by: Art Vasquez, City Treasurer Approved City Council March 20, 2023 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit January 31, 2023 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 553,748.00 Stagecoach Sweep Account DDA XXX-XXX1244 13,523,186.83 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 860.41 0.850%Barclays Bank 02/23/2023 06740KNU7 107,769.56 Sewer Bond Fund Cash 0.00 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 43,266.64 1.625%United States Treasury Note 05/31/2023 912828R69 247,470.70 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 4,964.49 Investments In Fixed Income. Equities, Real Asset Funds & Other 142,911.97 TOTALS WELLS FARGO BANK ACCOUNTS 14,640,561.70 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2023 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 21,886.57 Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 93.258 231,279.84 2,035.63 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 100.668 249,656.64 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 90.106 220,759.70 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 93.063 230,796.24 1,562.74 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 94.063 230,454.35 3,766.96 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 92.984 227,810.80 1,596.86 Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 99.148 242,912.60 4,075.73 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 94.574 232,652.04 3,968.35 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 91.597 224,412.65 1,149.18 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 95.567 234,139.15 2,585.61 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 91.531 226,996.88 1,163.21 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 92.912 227,634.40 1,939.19 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 91.789 224,883.05 1049.81 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 92.784 227,320.80 3316.56 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 88.575 217,008.75 1,005.52 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 91.465 224,089.25 1,149.18 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 94.721 232,066.45 4,668.43 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 93.259 231,282.32 2,035.63 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 93.734 232,460.32 2,000.31 Multi National Bank 248,000.00 Merrick Bank South Jor 1.900%10/18/24 59013KDM5 10/18/19 248,000.00 95.387 236,559.76 2,762.67 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 98.354 240,967.30 7,472.50 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 93.096 228,085.20 1,658.28 Multi Bank Securities 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 87.560 214,522.00 1,220.96 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 91.531 224,250.95 1,149.18 Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 98.514 241,359.30 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 88.154 215,977.30 1,482.08 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 90.424 221,538.80 789.71 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 92.992 230,620.16 1,817.53 Multi National Bank TOTALS 6,885,000.00 6,885,000.00 6,422,497.00 83,985.87 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2023 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 11,145.83 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 91.662 916,620.00 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 91.357 913,570.00 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 90.904 909,040.00 2,650.00 Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 93.245 932,450.00 2,000.00 Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 90.741 1,814,820.00 5,300.00 Southwest Securities 1,000,000.00 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 90.939 909,390.00 2,300.00 Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 91.320 1,826,400.00 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 90.765 907,650.00 2,600.00 Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 90.212 902,120.00 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 92.831 928,310.00 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 91.152 911,520.00 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 89.952 899,520.00 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 90.274 902,740.00 4,000.00 Southwest Securities 1,000,000 VRFHLB 0.005 3/24/26 0.500%03/24/26 3130ALLN2 03/24/21 1,000,000.00 90.931 909,310.00 3,125.00 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 90.678 906,780.00 5,100.00 Southwest Securities 1,000,000 FHLB 0.600 2/18/26 0.600%02/18/26 313OAL2G8 07/22/21 999,000.00 89.722 897,220.00 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 90.515 905,150.00 6,125.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.848 908,480.00 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 89.960 899,600.00 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 89.623 985,853.00 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 89.894 898,940.00 5,500.00 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 94.284 942,840.00 4,791.67 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 96.357 963,570.00 3,875.00 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 92.546 925,460.00 10,000.00 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 92.546 925,460.00 10,000.00 Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 89.578 895,780.00 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 91.326 913,260.00 3,750.00 1,000,000 FHLMC 0.25 11/6/23 0.250%11/06/23 3137EAEZ8 11/03/22 958,557.36 96.554 965,540.00 20.83 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 91.128 1,822,560.00 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 91.254 912,540.00 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 91.895 918,950.00 7,300.00 1,000,000.00 FFCB 3.150 8/8/23 3.150%08/08/25 3133ENF21 10/12/22 993,150.00 99.040 990,400.00 (5,600.00) 1,000,000.00 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 99.415 994,150.00 9,293.33 1,000,000.00 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 97.238 972,380.00 16,850.00 1,000,000.00 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 101.591 1,015,910.00 1,250,000.00 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 95.201 1,190,012.50 12,500.00 1,000,000.00 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 93.416 934,160.00 11,875.00 1,000,000.00 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 1,000,000.00 94.959 949,590.00 14,375.00 1,000,000.00 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 95.753 957,530.00 15,875.00 1,000,000.00 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 96.783 967,830.00 15,500.00 1,000,000.00 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 97.601 976,010.00 20,000.00 1,000,000.00 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 97.856 978,560.00 1,000,000.00 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 98.042 980,420.00 1,000,000.00 FHLB 3.25 8/15/23 3.250%08/15/23 3130ASX87 08/19/22 1,000,000.00 99.150 991,500.00 (361.11) 1,000,000.00 FHLB 6.000 11/10/27 6.000%11/10/27 3130ATP27 11/10/22 1,000,000.00 100.003 1,000,030.00 1,000,000.00 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 99.082 990,820.00 1,000,000.00 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 99.854 998,540.00 1,000,000.00 FHLB 4.850 10/23/23 4.850%10/30/23 3130AUNT7 01/30/23 1,001,889.12 100.052 1,000,520.00 1,000,000.00 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 99.610 996,100.00 1,000,000.00 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 96.631 966,310.00 12,500.00 1,085,000.00 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 98.168 1,065,122.80 13,020.00 1,000,000.00 FHLMC MTN 4.000 6/30/27 4.000%06/30/27 3134GXZB3 06/30/22 1,000,000.00 97.601 976,010.00 20,000.00 1,000,000 US Treasury Note 0.250 12/31/25 0.250%12/31/25 91282CBC4 01/11/21 996,318.00 90.578 905,780.00 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 91.806 918,060.00 5,210.00 TOTALS 57,435,000 57,224,458.92 53,887,188.30 306,195.55 WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.250%N/A N/A N/A 183,171.07 100.000 183,171.07 12,039.99 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.425%N/A N/A N/A 38,641,613.64 100.000 38,641,613.64 428,280.41 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2023 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 2,886.64 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 91.205 1,824,100.00 4,500.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 92.195 2,765,850.00 12,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 90.915 2,727,450.00 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 93.508 935,080.00 7,250.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 90.727 2,721,810.00 12,000.00 Southwest Securities 2,000,000.00 Credit Suisse New York 1.000%05/05/23 22550L2D2 07/14/20 2,022,290.00 98.806 1,976,120.00 10,000.00 Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 90.007 900,070.00 7,000.00 Multi Bank Securities 1,000,000.00 JP Morgan Chase 0.700%01/22/26 46632FRU1 01/22/21 1,000,000.00 86.738 867,380.00 7,000.00 Southwest Securities 1,000,000.00 JPMORGAN Chase 2.700%05/18/23 46625HRL6 03/17/20 1,018,830.00 99.353 993,530.00 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 88.515 885,150.00 3,750.00 TOTALS 18,245,000 18,144,494.56 16,596,540.00 88,136.64 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 121,078,738.19 115,731,010.01 918,638.46 Cost Market JAN Inv 121,078,738.19$ JAN Inv 115,731,010.01$ DEC Inv 119,835,402.09$ DEC Inv 113,787,280.77$ JAN Bank 14,640,561.70$ JAN Bank 14,640,561.70$ DEC Bank 12,444,501.97$ DEC Bank 12,444,501.97$ Change 3,439,395.83$ Change 4,139,788.97$