Loading...
HomeMy WebLinkAboutE-10 Staff Report - City Treasurers Report 1-2024CONSENT ITEM E-10 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: MARCH 18, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF JANUARY 2024 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of January 2024. 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 January 2024. 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 December 31, 2023 to January 31, 2024 is a net increase of $9,524,060.00. The change in total cash in bank and investments (at market) from December 31, 2023 to January 31, 2024 is a net increase of $9,813,198.78. Prepared by: Art Vasquez, City Treasurer Approved City Council March 18, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit January 31, 2024 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 20,696.00 Stagecoach Sweep Account DDA XXX-XXX1244 14,668,979.49 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 1,215.10 Covington Endowment WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX7554 1,875.99 4.850%Charles Schwab Bank 02/23/2024 06740KNU7 107,968.72 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 245,028.34 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 52,946.33 0.00 City of Azusa Settlement Trust Principal Custody Solutions Bank Money Market XXXX6615 15,867.04 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 15,267,146.44 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2024 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 13,917.35 Multi National Bank 249,000.00 All in Fed Credit Union 4.600%02/17/28 01664MAE6 02/17/23 249,000.00 101.957 253,872.93 6,715.50 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 96.201 238,578.48 2,035.63 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 102.475 254,138.00 6,906.62 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 93.627 229,386.15 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 96.078 238,273.44 1,562.74 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 96.713 236,946.85 3,766.96 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 95.954 235,087.30 1,596.86 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 97.134 238,949.64 3,968.35 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 95.079 232,943.55 1,149.18 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 98.189 240,563.05 2,585.61 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 95.015 235,637.20 1,163.21 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 95.897 234,947.65 1,939.19 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 95.184 233,200.80 1049.81 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 95.691 234,442.95 3316.56 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 92.435 226,465.75 1,005.52 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 94.963 232,659.35 1,149.18 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 97.277 238,328.65 4,668.43 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 96.178 238,521.44 2,035.63 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 96.432 239,151.36 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 97.867 242,710.16 2,762.67 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 96.019 235,246.55 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 91.589 224,393.05 1,220.96 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 95.015 232,786.75 1,149.18 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 92.051 225,524.95 1,482.08 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 94.058 230,442.10 789.71 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 96.044 238,189.12 1,817.53 Multi National Bank TOTALS 6,399,000.00 6,399,000.00 6,141,387.22 75,721.42 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2024 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 104,686.66 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 94.438 944,380.00 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 93.934 939,340.00 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 93.738 937,380.00 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 96.888 968,880.00 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 93.119 1,862,380.00 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 93.467 934,670.00 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 93.966 1,879,320.00 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 93.473 934,730.00 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 93.022 930,220.00 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 96.403 964,030.00 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 94.006 940,060.00 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 92.866 928,660.00 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 92.852 928,520.00 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 93.614 936,140.00 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 93.126 931,260.00 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 92.730 927,300.00 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 92.536 925,360.00 6,125.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 93.532 935,320.00 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 91.962 919,620.00 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 91.703 1,008,733.00 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 91.870 918,700.00 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 96.734 967,340.00 6,250.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 93.488 934,880.00 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 93.734 937,340.00 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 91.951 919,510.00 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 94.427 944,270.00 3,750.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 93.983 1,879,660.00 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 94.209 942,090.00 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 94.877 948,770.00 7,300.00 Southwest Securities 1,000,000 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 99.537 995,370.00 49,200.00 Southwest Securities 1,000,000 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 97.908 979,080.00 16,850.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 100.016 1,000,160.00 40,000.00 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 99.400 1,143,100.00 11,500.00 RBC Dain Rauscher 1,000,000 FHLB 2.00 12/8/28 2.000%12/08/28 3130AHVE0 12/01/23 899,249.03 91.600 916,000.00 388.89 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 97.381 1,217,262.50 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 94.386 943,860.00 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 95.769 957,690.00 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 96.477 964,770.00 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 97.472 974,720.00 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 98.215 982,150.00 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 98.681 986,810.00 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 98.660 986,600.00 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 99.906 999,060.00 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 99.248 992,480.00 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 99.096 990,960.00 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 99.475 994,750.00 49,722.22 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 99.604 996,040.00 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 99.644 996,440.00 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 99.154 991,540.00 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 99.154 991,540.00 25,000.00 RBC Dain Rauscher 1,000,000 FHLB 4.125 6/11/27 4.125%06/11/27 3130AWBZ2 06/22/23 1,000,000.00 100.433 1,004,330.00 21,770.00 RBC Dain Rauscher 1,000,000 FHLB 4.500 1/5/29 4.500%01/05/29 3130AYCS3 01/12/24 1,000,000.00 100.184 1,001,840.00 (875.00) 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 99.273 992,730.00 15,000.00 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 99.302 1,206,519.30 19,980.00 Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 98.285 982,850.00 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 97.986 979,860.00 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 92.977 929,770.00 1,875.00 TOTALS 60,715,000 60,473,961.57 58,167,144.80 789,739.44 PRINCIPAL - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.950%N/A N/A N/A 2,562,849.85 100.000 2,562,849.85 29,449.35 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 4.012%N/A N/A N/A 40,938,196.52 100.000 40,938,196.52 1,045,512.01 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2024 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 98.479 1,477,185.00 18,281.25 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 97.195 719,243.00 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 91.221 3,922,503.00 40,549.00 RBC 1,000,000 LOS ANGELES CA CMNTY 0.6 0.673%08/01/24 54438CYJ5 11/08/23 967,590.00 97.857 978,570.00 (1,813.36) RBC 1,000,000 RIVERSIDE CO 2.667 2/15/25 2.667%02/15/25 76913CAZ2 01/05/24 978,730.00 97.795 977,950.00 (10,371.67) Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 93.975 939,750.00 5,210.00 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 97.910 979,100.00 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 96.860 1,210,750.00 14,743.75 TOTALS 11,790,000 11,068,028.60 11,205,051.00 102,300.47 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer January 31, 2024 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 4,843.75 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 94.217 1,884,340.00 4,500.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 95.202 2,856,060.00 12,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 94.308 2,829,240.00 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 95.842 958,420.00 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 93.670 2,810,100.00 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 93.040 930,400.00 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 99.257 992,570.00 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 90.296 902,960.00 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 91.366 913,660.00 3,750.00 RBC 1,000,000.00 Microsoft Corp 3.300%02/06/27 594918BY9 12/20/23 978,104.48 97.579 975,790.00 (12,100.00) TOTALS 18,000,000 17,085,919.04 16,053,540.00 75,243.75 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 138,527,955.58 135,068,169.39 2,117,966.44 Cost Market JAN Inv 138,527,955.58$ JAN Inv 135,068,169.39$ DEC Inv 127,984,077.44$ DEC Inv 124,235,152.47$ JAN Bank 15,267,146.44$ JAN Bank 15,267,146.44$ DEC Bank 16,286,964.58$ DEC Bank 16,286,964.58$ Change 9,524,060.00$ Change 9,813,198.78$