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HomeMy WebLinkAboutE-7 Staff Report - City Treasurers Report July 2023CONSENT ITEM E-7 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: OCTOBER 16, 2023 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF JULY 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of July 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 July 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 June 30, 2023 to July 31, 2023 is a net decrease of $(4,310,475.48). The change in total cash in bank and investments (at market) from June 30, 2023 to July 31, 2023 is a net decrease of $(4,1836,500.10). Prepared by: Art Vasquez, City Treasurer Approved City Council October 16, 2023 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit July 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 324,834.00 Stagecoach Sweep Account DDA XXX-XXX1244 4,154,108.64 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 1,827.15 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,665.61 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,624.95 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 51,568.03 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 5,053,580.91 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer July 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 0.00 Multi National Bank 249,000.00 All in Fed Credit Union 4.600%02/17/28 01664MAE6 02/17/23 249,000.00 97.772 243,452.28 941.42 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 93.614 232,162.72 285.37 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 98.422 244,086.56 968.22 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 89.525 219,336.25 Multi National Bank 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 93.447 231,748.56 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 92.961 227,754.45 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 93.316 228,624.20 Multi Bank Securities 245,000.00 Citibank 3.300%09/21/23 17312QT33 09/21/18 245,000.00 99.733 244,345.85 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 93.409 229,786.14 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 92.127 225,711.15 161.10 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 96.116 235,484.20 362.47 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 92.049 228,281.52 163.07 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 93.231 228,415.95 271.85 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 92.270 226,061.50 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 91.840 225,008.00 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 88.773 217,493.85 140.96 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 91.971 225,328.95 161.10 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 93.530 229,148.50 654.45 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 93.577 232,070.96 285.37 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 93.958 233,015.84 Multi National Bank 248,000.00 Merrick Bank South Jor 1.900%10/18/24 59013KDM5 10/18/19 248,000.00 95.797 237,576.56 387.29 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 98.903 242,312.35 3,705.54 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 93.407 228,847.15 Multi Bank Securities 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 87.539 214,470.55 171.16 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 92.049 225,520.05 161.10 Multi Bank Securities 245,000.00 Raymond James Bank Nat 1.950%08/23/23 75472RAD3 08/23/19 245,000.00 99.797 244,502.65 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 87.900 215,355.00 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 90.880 222,656.00 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 93.399 231,629.52 254.79 Multi National Bank TOTALS 7,134,000.00 7,134,000.00 6,670,187.26 9,075.26 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer July 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 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 91.602 916,020.00 Southwest Securities 1,000,000 FFCB 0.610 8/25/25 0.610%08/25/25 3133EL4W1 08/27/20 999,000.00 91.516 915,160.00 Southwest Securities 1,000,000 FFCB 0.530 9/29/25 0.530%09/29/25 3133EMBJO 10/02/20 999,300.00 91.060 910,600.00 Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 93.946 939,460.00 Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 90.884 1,817,680.00 Southwest Securities 1,000,000 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 90.870 908,700.00 Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 91.364 1,827,280.00 Southwest Securities 1,000,000 FHLB 0.520 10/15/25 0.520%10/15/25 3130AKBX3 11/10/20 998,250.00 90.928 909,280.00 Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 90.337 903,370.00 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 93.442 934,420.00 Southwest Securities 1,000,000 FHLB 0.580 9/11/25 0.580%09/11/25 3130AK4T0 09/08/20 999,000.00 91.326 913,260.00 Southwest Securities 1,000,000 FHLB 0.700 2/25/26 0.700%02/25/26 3130ALCU6 02/25/21 1,000,000.00 90.067 900,670.00 Southwest Securities 1,000,000 FHLB 0.800 3/16/26 0.800%03/16/26 3130ALDN1 03/16/21 1,000,000.00 90.134 901,340.00 Southwest Securities 1,000,000 VRFHLB 0.005 3/24/26 0.500%03/24/26 3130ALLN2 03/24/21 1,000,000.00 90.845 908,450.00 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 90.310 903,100.00 Southwest Securities 1,000,000 FHLB 0.600 2/18/26 0.600%02/18/26 313OAL2G8 07/22/21 999,000.00 89.885 898,850.00 Southwest Securities 1,000,000 FHLB 1.050 6/26/26 1.050%06/26/26 3130AMWT5 06/30/21 999,750.00 89.953 899,530.00 875.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.751 907,510.00 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 89.545 895,450.00 Southwest Securities 1,100,000 FHLB 1.000 9/30/26 1.000%09/30/26 3130ANYN4 09/30/21 1,099,450.00 89.247 981,717.00 Southwest Securities 1,000,000 FHLB 1.100 10/13/26 1.100%10/13/26 3130APB87 10/13/21 999,500.00 89.611 896,110.00 Southwest Securities 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 94.314 943,140.00 Southwest Securities 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 98.019 980,190.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 90.713 907,130.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 90.713 907,130.00 Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 89.150 891,500.00 Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 91.538 915,380.00 1,875.00 Southwest Securities 1,000,000 FHLMC 0.25 11/6/23 0.250%11/06/23 3137EAEZ8 11/03/22 958,557.36 98.636 986,360.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 91.183 1,823,660.00 Southwest Securities 1,000,000 FNMA 0.570 8/26/25 0.570%08/26/25 3136G4J61 08/26/20 1,000,000.00 91.429 914,290.00 Southwest Securities 1,000,000 FNMA 0.730 7/15/25 0.730%07/15/25 3136G4YU1 07/15/20 1,000,000.00 92.109 921,090.00 3,650.00 Southwest Securities 1,000,000 FFCB 3.150 8/8/23 3.150%08/08/25 3133ENF21 10/12/22 993,150.00 99.880 998,800.00 Southwest Securities 1,000,000 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 98.711 987,110.00 24,600.00 Southwest Securities 1,000,000 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 96.396 963,960.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 98.528 985,280.00 20,000.00 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 98.234 1,129,691.00 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 94.684 1,183,550.00 Southwest Securities 1,000,000 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 91.769 917,690.00 Southwest Securities 1,000,000 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 1,000,000.00 93.382 933,820.00 Southwest Securities 1,000,000 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 94.194 941,940.00 Southwest Securities 1,000,000 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 96.030 960,300.00 Southwest Securities 1,000,000 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 96.059 960,590.00 Southwest Securities 1,000,000 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 96.415 964,150.00 Southwest Securities 1,000,000 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 97.262 972,620.00 Southwest Securities 1,000,000 FHLB 3.25 8/15/23 3.250%08/15/23 3130ASX87 08/19/22 1,000,000.00 99.922 999,220.00 RBC Dain Rauscher 1,000,000 FHLB 4.375 3/8/24 4.375%03/08/24 3130ATKJ5 03/08/23 993,490.00 99.110 991,100.00 Southwest Securities 1,000,000 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 97.977 979,770.00 Southwest Securities 1,000,000 FHLB 3.500 9/13/24 3.500%09/13/24 3130AT6G7 02/03/23 990,701.22 97.906 979,060.00 Southwest Securities 1,000,000 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 98.579 985,790.00 24,722.22 Southwest Securities 1,000,000 FHLB 4.850 10/23/23 4.850%10/30/23 3130AUNT7 01/30/23 1,001,889.12 99.853 998,530.00 24,250.00 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 99.011 990,110.00 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 98.951 989,510.00 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 97.629 976,290.00 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 97.629 976,290.00 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 99.034 990,340.00 Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 96.405 964,050.00 Southwest Securities 1,085,000 FHLMC 2.400 10/25/23 2.400%10/25/23 3134GXQM9 04/25/22 1,085,000.00 99.254 1,076,905.90 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 96.059 960,590.00 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 90.328 903,280.00 TOTALS 62,585,000 62,427,110.14 58,838,163.90 103,222.22 WFB - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.700%N/A N/A N/A 1,399,149.96 100.000 1,399,149.96 6,869.16 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 3.167%N/A N/A N/A 47,204,793.24 100.000 47,204,793.24 312,108.73 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer July 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 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 17,290.00 BONDS CALLED OR MATURED DURING FISCAL YEAR 17,290.00 RBC 1,000,000 CALIFORNIA ST 3.375 4/1/25 3.375%04/01/25 13063DGB8 02/06/23 987,190.00 96.922 969,220.00 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 94.681 700,639.40 RBC 4,300,000 GOLDEN ST TOBACCO 1.886 6 1.886%06/01/27 38122NA93 03/07/23 3,847,204.00 88.451 3,803,393.00 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 91.163 911,630.00 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 96.008 960,080.00 RBC 1,250,000 UNIV OF CALIFORNIA 2.359 5/2.359%05/15/25 913366HZ6 03/07/23 1,182,300.00 95.259 1,190,737.50 TOTALS 9,290,000 8,633,948.60 8,535,699.90 17,290.00 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer July 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 0.00 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 91.999 1,839,980.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 92.677 2,780,310.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 91.613 2,748,390.00 Southwest Securities 1,000,000.00 Caterpillar Fin Ser 1.450%05/15/25 14913R2C0 08/31/20 1,039,350.00 93.645 936,450.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 91.009 2,730,270.00 RBC 1,000,000.00 John Deere Cap Mtn 4.150%09/15/27 24422EWK1 03/27/23 1,004,440.00 90.401 904,010.00 Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 97.701 977,010.00 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 87.163 871,630.00 3,500.00 Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 88.351 883,510.00 RBC 1,000,000.00 Toyota Motor Credit 1.125%06/18/26 89236TJK2 07/10/23 895,290.00 89.881 898,810.00 (687.50) TOTALS 17,000,000 17,003,104.56 15,570,370.00 6,312.50 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 143,802,106.50 138,218,364.26 454,877.87 Cost Market JUL Inv 143,802,106.50$ JUL Inv 138,218,364.26$ JUN Inv 143,343,528.63$ JUN Inv 137,632,811.01$ JUL Bank 5,053,580.91$ JUL Bank 5,053,580.91$ JUN Bank 9,822,634.26$ JUN Bank 9,822,634.26$ Change (4,310,475.48)$ Change (4,183,500.10)$