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HomeMy WebLinkAboutE-7 Staff Report - City Treasurers Report 05-2023CONSENT ITEM E-7 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: JULY 17, 2023 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF MAY 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of May 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 May 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 April 30, 2023 to May 31, 2023 is a net increase of $18,628,481.29. The change in total cash in bank and investments (at market) from April 30, 2023 to May 31, 2023 is a net increase of $18,084,168.50. Prepared by: Art Vasquez, City Treasurer Approved City Council July 17, 2023 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit May 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 60,638.00 Stagecoach Sweep Account DDA XXX-XXX1244 18,939,105.19 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 1,811.84 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,598.91 Sewer Bond Fund Cash 0.00 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 295,930.72 0.00 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 4,371.09 Investments In Fixed Income. Equities, Real Asset Funds & Other 148,198.34 TOTALS WELLS FARGO BANK ACCOUNTS 19,574,037.19 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer May 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 249,000.00 All in Fed Credit Union 4.600%02/17/28 01664MAE6 02/17/23 249,000.00 97.909 243,793.41 2,792.89 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 93.263 231,292.24 3,177.11 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 98.552 244,408.96 3,033.75 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 89.213 218,571.85 4,655.00 Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 93.054 230,773.92 3,100.00 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 92.757 227,254.65 7,472.50 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 92.947 227,720.15 3,185.00 Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 99.372 243,461.40 8,085.00 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 93.211 229,299.06 7,872.00 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 91.707 224,682.15 1,793.58 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 95.699 234,462.55 4,035.48 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 91.634 227,252.32 1,815.48 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 92.884 227,565.80 3,026.59 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 91.850 225,032.50 2082.5 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 91.597 224,412.65 6615 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 88.425 216,641.25 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 91.561 224,324.45 1,793.58 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 93.337 228,675.65 7,286.24 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 93.229 231,207.92 3,177.11 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 93.623 232,185.04 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 95.414 236,626.72 4,311.83 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 98.535 241,410.75 7,472.50 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 93.044 227,957.80 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 87.183 213,598.35 1,905.61 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 91.634 224,503.30 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 99.224 243,098.80 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 87.542 214,477.90 2,940.00 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 90.475 221,663.75 1,592.50 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 93.014 230,674.72 2,836.71 Multi National Bank TOTALS 7,134,000.00 7,134,000.00 6,647,030.01 133,360.47 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer May 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 26,145.83 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 91.649 916,490.00 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 91.336 913,360.00 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 90.888 908,880.00 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 93.570 935,700.00 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 90.734 1,814,680.00 10,600.00 Southwest Securities 1,000,000 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 91.253 912,530.00 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 91.299 1,825,980.00 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 90.766 907,660.00 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 90.053 900,530.00 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 93.043 930,430.00 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 91.143 911,430.00 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 89.924 899,240.00 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 89.797 897,970.00 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 90.500 905,000.00 6,250.00 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 89.898 898,980.00 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 89.727 897,270.00 6,000.00 Southwest Securities 1,000,000 FHLB 1.050 6/26/26 1.050%06/26/26 3130AMWT5 06/30/21 999,750.00 89.905 899,050.00 9,625.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.530 905,300.00 5,625.00 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 89.458 894,580.00 11,000.00 Southwest Securities 1,100,000 FHLB 1.000 9/30/26 1.000%09/30/26 3130ANYN4 09/30/21 1,099,450.00 89.148 980,628.00 11,000.00 Southwest Securities 1,000,000 FHLB 1.100 10/13/26 1.100%10/13/26 3130APB87 10/13/21 999,500.00 89.363 893,630.00 11,000.00 Southwest Securities 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 94.195 941,950.00 4,791.67 Southwest Securities 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 97.362 973,620.00 3,875.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 91.560 915,600.00 20,000.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 91.560 915,600.00 20,000.00 Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 89.063 890,630.00 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 91.695 916,950.00 3,750.00 Southwest Securities 1,000,000 FHLMC 0.25 11/6/23 0.250%11/06/23 3137EAEZ8 11/03/22 958,557.36 97.894 978,940.00 1,270.83 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 91.455 1,829,100.00 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 91.245 912,450.00 5,700.00 Southwest Securities 1,000,000 FNMA 0.730 7/15/25 0.730%07/15/25 3136G4YU1 07/15/20 1,000,000.00 91.881 918,810.00 7,300.00 Southwest Securities 1,000,000 FFCB 3.150 8/8/23 3.150%08/08/25 3133ENF21 10/12/22 993,150.00 99.576 995,760.00 10,150.00 Southwest Securities 1,000,000 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 98.674 986,740.00 9,293.33 Southwest Securities 1,000,000 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 96.404 964,040.00 16,850.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 100.324 1,003,240.00 RBC Dain Rauscher 1,150,000 FFCB 4.00 8/18/25 4.000%08/18/25 3133EPKA2 05/18/23 1,150,000.00 99.067 1,139,270.50 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 94.719 1,183,987.50 25,000.00 Southwest Securities 1,000,000 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 92.664 926,640.00 23,750.00 Southwest Securities 1,000,000 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 1,000,000.00 94.173 941,730.00 28,750.00 Southwest Securities 1,000,000 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 94.933 949,330.00 31,750.00 Southwest Securities 1,000,000 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 96.120 961,200.00 31,000.00 Southwest Securities 1,000,000 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 96.639 966,390.00 20,000.00 Southwest Securities 1,000,000 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 96.938 969,380.00 21,000.00 Southwest Securities 1,000,000 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 97.341 973,410.00 18,645.83 Southwest Securities 1,000,000 FHLB 3.25 8/15/23 3.250%08/15/23 3130ASX87 08/19/22 1,000,000.00 99.583 995,830.00 15,888.89 RBC Dain Rauscher 1,000,000 FHLB 4.375 3/8/24 4.375%03/08/24 3130ATKJ5 03/08/23 993,490.00 98.931 989,310.00 Southwest Securities 1,000,000 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 98.302 983,020.00 23,055.56 Southwest Securities 1,000,000 FHLB 3.500 9/13/24 3.500%09/13/24 3130AT6G7 02/03/23 990,701.22 98.164 981,640.00 3,888.89 Southwest Securities 1,000,000 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 98.602 986,020.00 Southwest Securities 1,000,000 FHLB 4.850 10/23/23 4.850%10/30/23 3130AUNT7 01/30/23 1,001,889.12 99.800 998,000.00 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 98.959 989,590.00 RBC Dain Rauscher 1,000,000 FHLB 5.200 3/27/26 5.200%03/27/26 3130AVFH0 03/30/23 1,000,000.00 98.828 988,280.00 RBC Dain Rauscher 1,000,000 FHLB 5.000 4/24/28 5.000%04/24/28 3130AVK50 04/24/23 1,000,000.00 97.826 978,260.00 RBC Dain Rauscher 1,000,000 FHLB 5.000 4/24/28 5.000%04/24/28 3130AVQF2 04/25/23 1,000,000.00 97.826 978,260.00 Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 96.329 963,290.00 25,000.00 Southwest Securities 1,085,000 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 98.799 1,071,969.15 26,040.00 Southwest Securities 1,000,000 FHLMC MTN 4.000 6/30/27 4.000%06/30/27 3134GXZB3 06/30/22 1,000,000.00 96.639 966,390.00 20,000.00 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 90.945 909,450.00 1,875.00 TOTALS 61,585,000 61,427,110.14 57,883,395.15 611,620.83 WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.700%N/A N/A N/A 5,677,772.94 100.000 5,677,772.94 31,570.85 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 2.993%N/A N/A N/A 46,892,684.51 100.000 46,892,684.51 679,351.28 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer May 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 Municipal Bonds BONDS CALLED OR MATURED DURING FISCAL YEAR 1,819.30 RBC 1,000,000 CALIFORNIA ST 3.375 4/1/25 3.375%04/01/25 13063DGB8 02/06/23 987,190.00 97.260 972,600.00 5,156.25 RBC 1,000,000 GOLDEN ST TOBACCO 1.886 6 1.886%06/01/27 38122NA93 03/07/23 885,920.00 89.093 890,930.00 (4,976.94) Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 92.157 921,570.00 5,210.00 RBC 1,000,000 SAN JOSE CA FING 3.205 5/1/2 3.205%05/01/25 798153PW6 05/04/23 984,350.00 96.768 967,680.00 (267.08) RBC 1,000,000 STHRN CALIFORNIA PUBLIC P 3.458%07/01/23 84247PHY0 02/10/23 996,300.00 99.857 998,570.00 (3,746.17) RBC 1,250,000 UNIV OF CALIFORNIA 2.359 5/2.359%05/15/25 913366HZ6 03/07/23 1,182,300.00 95.284 1,191,050.00 5,569.86 TOTALS 6,250,000 5,967,600.00 5,942,400.00 8,765.22 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer May 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 (12,736.69) Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 92.153 1,843,060.00 9,000.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 92.891 2,786,730.00 12,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 91.987 2,759,610.00 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 93.702 937,020.00 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 91.167 2,735,010.00 24,000.00 RBC 1,000,000.00 John Deere Cap Mtn 4.150%09/15/27 24422EWK1 03/27/23 1,004,440.00 90.657 906,570.00 (1,383.33) Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 98.659 986,590.00 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 87.504 875,040.00 7,000.00 Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 88.883 888,830.00 7,500.00 TOTALS 19,245,000 16,107,814.56 14,718,460.00 83,379.98 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 143,206,982.15 137,761,742.61 1,548,048.63 Cost Market MAY Inv 143,206,982.15$ MAY Inv 137,761,742.61$ APR Inv 127,109,247.40$ APR Inv 122,208,320.65$ MAY Bank 19,574,037.19$ MAY Bank 19,574,037.19$ APR Bank 17,043,290.65$ APR Bank 17,043,290.65$ Change 18,628,481.29$ Change 18,084,168.50$