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HomeMy WebLinkAboutE-10 Staff Report - City Treasurers Report 10-2023CONSENT ITEM E-10 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: JANUARY 16, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF OCTOBER 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of October 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 October 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 September 30, 2023 to October 31, 2023 is a net decrease of $(2,768,560.31). The change in total cash in bank and investments (at market) from September 30, 2023 to October 31, 2023 is a net decrease of $(2,576,339.72). Prepared by: Art Vasquez, City Treasurer Approved City Council January 16, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit October 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 571,841.00 Stagecoach Sweep Account DDA XXX-XXX1244 5,933,485.67 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 1,851.09 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,757.51 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,464.62 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 52,243.44 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 7,080,595.86 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer October 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 6,444.85 Multi National Bank 249,000.00 All in Fed Credit Union 4.600%02/17/28 01664MAE6 02/17/23 249,000.00 96.861 241,183.89 3,828.46 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 94.206 233,630.88 1,160.50 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 97.463 241,708.24 3,937.42 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 89.963 220,409.35 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 94.076 233,308.48 1,562.74 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 92.835 227,445.75 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 93.901 230,057.45 1,596.86 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 93.165 229,185.90 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 92.821 227,411.45 655.14 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 96.854 237,292.30 1,474.04 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 92.735 229,982.80 663.14 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 93.813 229,841.85 1,105.52 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 92.965 227,764.25 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 91.840 225,008.00 3316.56 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 89.428 219,098.60 573.24 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 92.663 227,024.35 655.14 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 93.282 228,540.90 2,661.44 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 94.174 233,551.52 1,160.50 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 94.495 234,347.60 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 96.435 239,158.80 1,574.98 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 99.373 243,463.85 3,705.54 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 93.980 230,251.00 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 88.439 216,675.55 696.06 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 92.735 227,200.75 655.14 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 88.763 217,469.35 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 91.470 224,101.50 789.71 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 94.037 233,211.76 1,036.16 Multi National Bank TOTALS 6,644,000.00 6,644,000.00 6,208,326.12 45,220.10 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer October 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 81,395.00 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 92.282 922,820.00 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 91.961 919,610.00 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 91.532 915,320.00 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 95.220 952,200.00 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 91.315 1,826,300.00 5,300.00 Southwest Securities 1,000,000 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 91.132 911,320.00 Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 91.924 1,838,480.00 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 91.361 913,610.00 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 90.466 904,660.00 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 94.685 946,850.00 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 91.798 917,980.00 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 90.319 903,190.00 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 90.342 903,420.00 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 91.062 910,620.00 3,750.00 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 90.575 905,750.00 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 90.174 901,740.00 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 90.034 900,340.00 3,500.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 90.584 905,840.00 3,750.00 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 89.199 891,990.00 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 88.918 978,098.00 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 89.175 891,750.00 5,500.00 Southwest Securities 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 95.166 951,660.00 Southwest Securities 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 99.245 992,450.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 90.473 904,730.00 10,000.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRQ8 03/04/22 999,000.00 90.473 904,730.00 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 89.303 893,030.00 Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 92.280 922,800.00 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 99.929 999,290.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 91.747 1,834,940.00 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 91.883 918,830.00 2,850.00 Southwest Securities 1,000,000 FNMA 0.730 7/15/25 0.730%07/15/25 3136G4YU1 07/15/20 1,000,000.00 92.583 925,830.00 3,650.00 Southwest Securities 1,000,000 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 98.550 985,500.00 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 96.186 961,860.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 96.072 960,720.00 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 97.926 1,126,149.00 11,500.00 RBC Dain Rauscher 1,000,000 FFCB 6.00 8/8/28 6.000%08/08/28 3133EPSP1 08/18/23 999,970.00 98.851 988,510.00 (1,666.67) Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 95.354 1,191,925.00 12,500.00 Southwest Securities 1,000,000 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 91.374 913,740.00 11,875.00 Southwest Securities 1,000,000 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 1,000,000.00 92.713 927,130.00 14,375.00 Southwest Securities 1,000,000 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 93.538 935,380.00 15,875.00 Southwest Securities 1,000,000 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 95.972 959,720.00 15,500.00 Southwest Securities 1,000,000 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 95.506 955,060.00 Southwest Securities 1,000,000 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 95.850 958,500.00 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 97.170 971,700.00 18,750.00 RBC Dain Rauscher 1,000,000 FHLB 4.375 3/8/24 4.375%03/08/24 3130ATKJ5 03/08/23 993,490.00 99.560 995,600.00 21,875.00 Southwest Securities 1,000,000 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 97.589 975,890.00 25,000.00 Southwest Securities 1,000,000 FHLB 3.500 9/13/24 3.500%09/13/24 3130AT6G7 02/03/23 990,701.22 98.078 980,780.00 17,500.00 Southwest Securities 1,000,000 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 98.368 983,680.00 24,722.22 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 98.826 988,260.00 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 98.807 988,070.00 25,566.67 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 97.123 971,230.00 25,000.00 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 97.123 971,230.00 25,000.00 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 97.090 970,900.00 RBC Dain Rauscher 1,000,000 FHLMC MTN 4.000 12/30/24 4.000%12/30/24 3134GXA61 08/15/23 984,873.37 98.355 983,550.00 (5,000.00) RBC Dain Rauscher 1,215,000 FHLMC MTN 4.000 12/30/24 4.000%12/30/24 3134GXC36 08/02/23 1,195,325.51 98.435 1,195,985.25 (4,320.00) Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 97.192 971,920.00 12,500.00 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 95.506 955,060.00 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 90.613 906,130.00 TOTALS 61,715,000 61,527,239.90 57,984,357.25 521,422.22 PRINCIPAL - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.850%N/A N/A N/A 2,822,227.94 100.000 2,822,227.94 12,618.10 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 3.670%N/A N/A N/A 33,599,137.93 100.000 33,599,137.93 706,453.42 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer October 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 17,290.00 RBC 1,500,000 CALIFORNIA ST 3.375 4/1/25 3.375%04/01/25 13063DGB8 02/06/23 1,474,950.00 97.105 1,456,575.00 18,281.25 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 95.670 707,958.00 2,386.50 RBC 4,300,000 GOLDEN ST TOBACCO 1.886 6 1.886%06/01/27 38122NA93 03/07/23 3,847,204.00 87.640 3,768,520.00 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 91.718 917,180.00 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 96.244 962,440.00 RBC 1,250,000 UNIV OF CALIFORNIA 2.359 5/2.359%05/15/25 913366HZ6 03/07/23 1,182,300.00 95.357 1,191,962.50 TOTALS 9,790,000 9,121,708.60 9,004,635.50 37,957.75 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer October 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 92.077 1,841,540.00 4,500.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 93.106 2,793,180.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 92.040 2,761,200.00 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 94.148 941,480.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 91.068 2,732,040.00 RBC 1,000,000.00 John Deere Cap Mtn 4.150%09/15/27 24422EWK1 03/27/23 1,004,440.00 90.177 901,770.00 20,750.00 Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 95.682 956,820.00 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 87.552 875,520.00 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 88.980 889,800.00 3,750.00 RBC 1,000,000.00 Toyota Motor Credit 1.125%06/18/26 89236TJK2 07/10/23 895,290.00 89.431 894,310.00 (687.50) TOTALS 17,000,000 17,003,104.56 15,587,660.00 43,562.50 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 130,717,418.93 125,206,344.74 1,367,234.09 Cost Market OCT Inv 130,717,418.93$ OCT Inv 125,206,344.74$ SEP Inv 136,118,681.63$ SEP Inv 130,415,386.85$ OCT Bank 7,080,595.86$ OCT Bank 7,080,595.86$ SEP Bank 4,447,893.47$ SEP Bank 4,447,893.47$ Change (2,768,560.31)$ Change (2,576,339.72)$