Loading...
HomeMy WebLinkAboutE-6 Staff Report - City Treasurers Report 06-2023CONSENT ITEM E-6 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: SEPTEMBER 18, 2023 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF JUNE 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of June 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 June 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 May 31, 2023 to June 30, 2023 is a net decrease of $(9,614,856.45). The change in total cash in bank and investments (at market) from May 31, 2023 to June 30, 2023 is a net decrease of $(9,880,334.53). Prepared by: Art Vasquez, City Treasurer Approved City Council September 18, 2023 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit June 30, 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 910.00 Stagecoach Sweep Account DDA XXX-XXX1244 9,247,563.27 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 1,819.65 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,604.99 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,628.35 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 51,155.47 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 9,822,634.26 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer June 30, 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 97.179 241,975.71 3,765.70 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 93.305 231,396.40 3,471.99 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 97.806 242,558.88 4,034.24 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 88.713 217,346.85 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 93.119 230,935.12 3,100.00 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 92.140 225,743.00 7,472.50 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 92.991 227,827.95 3,185.00 Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 99.535 243,860.75 8,085.00 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 92.576 227,736.96 7,872.00 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 91.767 224,829.15 1,960.05 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 95.849 234,830.05 4,410.03 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 91.688 227,386.24 1,983.98 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 92.915 227,641.75 3,307.50 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 91.907 225,172.15 2082.5 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 91.014 222,984.30 6615 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 88.202 216,094.90 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 91.609 224,442.05 1,960.05 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 92.693 227,097.85 7,962.51 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 93.267 231,302.16 3,471.99 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 93.656 232,266.88 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 95.537 236,931.76 4,712.03 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 98.704 241,824.80 7,472.50 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 93.085 228,058.25 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 86.810 212,684.50 2,082.48 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 91.688 224,635.60 1,960.05 Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 99.502 243,779.90 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 87.120 213,444.00 2,940.00 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 90.470 221,651.50 1,592.50 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 93.079 230,835.92 3,100.00 Multi National Bank TOTALS 7,134,000.00 7,134,000.00 6,637,275.33 138,909.19 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer June 30, 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 91.540 915,400.00 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 91.223 912,230.00 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 90.784 907,840.00 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 93.713 937,130.00 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 90.619 1,812,380.00 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 90.636 906,360.00 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 91.185 1,823,700.00 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 90.658 906,580.00 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 90.030 900,300.00 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 93.219 932,190.00 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 91.038 910,380.00 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 89.877 898,770.00 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 89.971 899,710.00 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 90.679 906,790.00 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 90.180 901,800.00 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 89.035 890,350.00 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 89.875 898,750.00 10,500.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.628 906,280.00 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 89.514 895,140.00 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 89.209 981,299.00 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 89.589 895,890.00 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 94.190 941,900.00 11,041.67 Southwest Securities 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 97.671 976,710.00 7,750.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 91.452 914,520.00 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 90.673 906,730.00 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 89.019 890,190.00 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 91.239 912,390.00 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 98.271 982,710.00 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 90.995 1,819,900.00 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 91.134 911,340.00 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 91.825 918,250.00 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 99.735 997,350.00 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 98.681 986,810.00 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 96.009 960,090.00 33,700.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 99.019 990,190.00 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 98.202 1,129,323.00 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 94.756 1,184,450.00 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 92.589 925,890.00 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 94.087 940,870.00 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 94.866 948,660.00 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 95.931 959,310.00 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 96.633 966,330.00 40,000.00 Southwest Securities 1,000,000 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 96.950 969,500.00 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 97.161 971,610.00 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 99.742 997,420.00 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 98.973 989,730.00 Southwest Securities 1,000,000 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 98.357 983,570.00 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 97.788 977,880.00 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 98.576 985,760.00 Southwest Securities 1,000,000 FHLB 4.850 10/23/23 4.850%10/30/23 3130AUNT7 01/30/23 1,001,889.12 99.805 998,050.00 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 98.989 989,890.00 25,750.00 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 98.941 989,410.00 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 98.147 981,470.00 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 98.147 981,470.00 RBC Dain Rauscher 1,000,000 FHLB 4.125 6/11/27 4.125%06/11/27 3130AWBZ2 06/22/23 1,000,000.00 99.535 995,350.00 (2,406.25) Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 96.032 960,320.00 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 99.007 1,074,225.95 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 96.031 960,310.00 40,000.00 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 90.137 901,370.00 3,750.00 TOTALS 62,585,000 62,427,110.14 58,810,517.95 708,439.58 WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.700%N/A N/A N/A 1,151,670.82 100.000 1,151,670.82 42,002.21 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 3.167%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 June 30, 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 96.744 967,440.00 5,156.25 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 94.276 697,642.40 (901.57) RBC 4,300,000 GOLDEN ST TOBACCO 1.886 6 1.886%06/01/27 38122NA93 03/07/23 3,847,204.00 88.405 3,801,415.00 2,462.28 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 91.414 914,140.00 10,420.00 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 96.104 961,040.00 (267.08) RBC 1,000,000 STHRN CALIFORNIA PUBLIC P 3.458%07/01/23 84247PHY0 02/10/23 996,300.00 100.000 1,000,000.00 (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 94.658 1,183,225.00 5,569.86 TOTALS 10,290,000 9,630,248.60 9,524,902.40 20,512.87 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer June 30, 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 91.547 1,830,940.00 9,000.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 92.367 2,771,010.00 24,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 91.345 2,740,350.00 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 93.227 932,270.00 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 90.512 2,715,360.00 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 89.959 899,590.00 (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 97.579 975,790.00 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 86.853 868,530.00 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 88.192 881,920.00 7,500.00 TOTALS 19,245,000 16,107,814.56 14,615,760.00 95,379.98 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 143,343,528.63 137,632,811.01 1,684,595.11 Cost Market JUN Inv 143,343,528.63$ JUN Inv 137,632,811.01$ MAY Inv 143,206,982.15$ MAY Inv 137,761,742.61$ JUN Bank 9,822,634.26$ JUN Bank 9,822,634.26$ MAY Bank 19,574,037.19$ MAY Bank 19,574,037.19$ Change (9,614,856.45)$ Change (9,880,334.53)$