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HomeMy WebLinkAboutE-5 Staff Report - City Treasurers Report 11-2023CONSENT ITEM E-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: FEBRUARY 5, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF NOVEMBER 2023 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of November 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 November 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 October 31, 2023 to November 30, 2023 is a net increase of $1,229,038.41. The change in total cash in bank and investments (at market) from October 31, 2023 to November 30, 2023 is a net increase of $2,110,895.53. Prepared by: Art Vasquez, City Treasurer Approved City Council February 5, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit November 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 338,431.00 Stagecoach Sweep Account DDA XXX-XXX1244 7,284,239.32 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 1,859.54 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,824.81 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,682.45 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 52,482.08 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 8,198,471.73 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer November 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 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 97.200 242,028.00 4,801.27 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 94.810 235,128.80 1,455.38 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 97.795 242,531.60 4,937.91 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 90.407 221,497.15 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 94.676 234,796.48 1,562.74 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 93.245 228,450.25 3,766.96 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 94.525 231,586.25 1,596.86 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 93.581 230,209.26 3,968.35 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 93.532 229,153.40 821.61 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 97.286 238,350.70 1,848.59 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 93.456 231,770.88 831.64 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 94.461 231,429.45 1,386.43 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 93.641 229,420.45 1049.81 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 92.259 226,034.55 3316.56 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 90.284 221,195.80 718.90 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 93.394 228,815.30 821.61 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 93.698 229,560.10 3,337.71 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 94.782 235,059.36 1,455.38 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 95.075 235,786.00 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 96.877 240,254.96 1,975.18 Multi Bank Securities 245,000.00 Morgan Stanley Private 3.050%01/31/24 61760AVF3 01/24/19 245,000.00 99.581 243,973.45 3,705.54 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 94.599 231,767.55 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 88.972 217,981.40 872.93 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 93.456 228,967.20 821.61 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 89.211 218,566.95 1,482.08 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 92.327 226,201.15 789.71 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 94.648 234,727.04 1,299.45 Multi National Bank TOTALS 6,644,000.00 6,644,000.00 6,245,243.48 61,036.02 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer November 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 82,645.00 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 93.126 931,260.00 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 92.885 928,850.00 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 92.508 925,080.00 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 95.920 959,200.00 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 91.841 1,836,820.00 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 92.168 921,680.00 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 92.467 1,849,340.00 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 92.163 921,630.00 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 91.407 914,070.00 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 95.307 953,070.00 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 92.739 927,390.00 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 91.551 915,510.00 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 91.591 915,910.00 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 92.329 923,290.00 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 91.520 915,200.00 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 91.149 911,490.00 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 91.428 914,280.00 4,375.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 92.085 920,850.00 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 90.740 907,400.00 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 90.448 994,928.00 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 90.723 907,230.00 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 95.750 957,500.00 Southwest Securities 1,000,000 FHLB 0.775 12/29/23 0.775%12/29/23 3130AQBY8 02/09/22 994,000.00 99.648 996,480.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 92.187 921,870.00 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 92.187 921,870.00 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 90.711 907,110.00 Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 93.112 931,120.00 1,875.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 92.662 1,853,240.00 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 92.811 928,110.00 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 93.436 934,360.00 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 99.112 991,120.00 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 97.046 970,460.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 98.183 981,830.00 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 98.593 1,133,819.50 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 99.564 995,640.00 (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 95.988 1,199,850.00 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 93.079 930,790.00 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 94.356 943,560.00 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 95.121 951,210.00 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 96.763 967,630.00 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 96.889 968,890.00 Southwest Securities 1,000,000 FHLB 4.200 8/25/27 4.200%08/25/27 3130ASVC0 08/25/22 1,000,000.00 97.223 972,230.00 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 97.803 978,030.00 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 99.689 996,890.00 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 98.599 985,990.00 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 98.651 986,510.00 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 99.018 990,180.00 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 99.284 992,840.00 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 99.310 993,100.00 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 98.348 983,480.00 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 98.348 983,480.00 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 98.883 988,830.00 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 98.727 987,270.00 (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 98.571 1,197,637.65 (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 97.353 973,530.00 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 96.889 968,890.00 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 91.641 916,410.00 TOTALS 60,715,000 60,568,682.54 57,576,235.15 525,847.22 PRINCIPAL - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.850%N/A N/A N/A 2,924,357.84 100.000 2,924,357.84 14,874.03 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 3.843%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 November 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 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 97.718 1,465,770.00 18,281.25 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 96.195 711,843.00 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 89.304 3,840,072.00 RBC 1,000,000 LOS ANGELES CA CMNTY 0.6 0.673%08/01/24 54438CYJ5 11/08/23 967,590.00 96.986 969,860.00 (1,813.36) Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 92.578 925,780.00 RBC 1,000,000 SAN JOSE CA FING 3.205 5/1/25 3.205%05/01/25 798153PW6 05/04/23 984,350.00 96.834 968,340.00 16,025.00 RBC 1,250,000 UNIV OF CALIFORNIA 2.359 5/2.359%05/15/25 913366HZ6 03/07/23 1,182,300.00 95.846 1,198,075.00 14,743.75 TOTALS 10,790,000 10,089,298.60 10,079,740.00 66,913.14 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer November 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 0.00 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 92.942 1,858,840.00 4,500.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 94.028 2,820,840.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 92.976 2,789,280.00 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 94.835 948,350.00 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 92.233 2,766,990.00 12,000.00 RBC 1,000,000.00 John Deere Cap Mtn 4.150%09/15/27 24422EWK1 03/27/23 1,004,440.00 91.671 916,710.00 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 97.768 977,680.00 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 88.774 887,740.00 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 89.962 899,620.00 3,750.00 RBC 1,000,000.00 Toyota Motor Credit 1.125%06/18/26 89236TJK2 07/10/23 895,290.00 90.860 908,600.00 (687.50) TOTALS 17,000,000 17,003,104.56 15,774,650.00 62,812.50 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 130,828,581.47 126,199,364.40 1,437,936.33 Cost Market NOV Inv 130,828,581.47$ NOV Inv 126,199,364.40$ OCT Inv 130,717,418.93$ OCT Inv 125,206,344.74$ NOV Bank 8,198,471.73$ NOV Bank 8,198,471.73$ OCT Bank 7,080,595.86$ OCT Bank 7,080,595.86$ Change 1,229,038.41$ Change 2,110,895.53$