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HomeMy WebLinkAboutE-5 Staff Report - City Treasurers Report 2-2024CONSENT ITEM E-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: APRIL 15, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF FEBRUARY 2024 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of February 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 February 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 January 31, 2024 to February 29, 2024 is a net increase of $3,883,781.24. The change in total cash in bank and investments (at market) from January 31, 2024 to February 29, 2024 is a net increase of $3,543,397.56. Prepared by: Art Vasquez, City Treasurer Approved City Council April 15, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit February 29, 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 3,400,464.00 Stagecoach Sweep Account DDA XXX-XXX1244 14,995,372.74 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 7,107.84 5.150%Wells Fargo Bank 2/26/25 949764ML5 108,127.62 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,870.31 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 53,177.83 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 18,978,771.91 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer February 29, 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 02/17/23 249,000.00 101.827 253,549.23 7,688.31 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 96.232 238,655.36 2,321.00 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 102.329 253,775.92 7,907.11 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 93.572 229,251.40 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 96.124 238,387.52 1,562.74 Multi Bank Securities 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 96.612 236,699.40 3,766.96 Multi Bank Securities 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 95.980 235,151.00 1,596.86 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 97.023 238,676.58 3,968.35 Multi Bank Securities 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 95.139 233,090.55 1,315.65 Multi Bank Securities 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 98.337 240,925.65 2,948.08 Multi Bank Securities 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 95.070 235,773.60 1,331.71 Multi Bank Securities 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 95.927 235,021.15 2,220.10 Multi Bank Securities 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 95.226 233,303.70 1049.81 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 95.613 234,251.85 3316.56 Multi Bank Securities 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 92.308 226,154.60 1,151.18 Multi Bank Securities 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 95.014 232,784.30 1,315.65 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 97.182 238,095.90 5,344.70 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 96.207 238,593.36 2,321.00 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 96.447 239,188.56 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 97.997 243,032.56 3,162.87 Multi Bank Securities 245,000.00 Pacific Western Bank 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 96.043 235,305.35 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 91.494 224,160.30 1,397.83 Multi Bank Securities 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 95.070 232,921.50 1,315.65 Multi Bank Securities 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.962 225,306.90 1,482.08 Multi Bank Securities 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 94.033 230,380.85 1,592.50 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 96.105 238,340.40 2,080.82 Multi National Bank TOTALS 6,399,000.00 6,399,000.00 6,140,777.49 84,388.46 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer February 29, 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 94.378 943,780.00 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 94.062 940,620.00 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 93.588 935,880.00 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 97.044 970,440.00 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 93.340 1,866,800.00 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 93.107 931,070.00 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 93.969 1,879,380.00 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 93.299 932,990.00 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 92.453 924,530.00 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 96.567 965,670.00 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 93.790 937,900.00 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 92.391 923,910.00 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 92.441 924,410.00 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 93.195 931,950.00 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 92.584 925,840.00 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 92.259 922,590.00 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 91.912 919,120.00 7,000.00 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 92.889 928,890.00 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 91.242 912,420.00 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 90.982 1,000,802.00 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 91.125 911,250.00 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 96.964 969,640.00 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 92.563 925,630.00 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 92.823 928,230.00 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 91.347 913,470.00 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 94.153 941,530.00 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 93.695 1,873,900.00 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 93.926 939,260.00 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 94.629 946,290.00 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 99.285 992,850.00 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 97.420 974,200.00 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 98.570 985,700.00 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 98.845 1,136,717.50 34,500.00 RBC Dain Rauscher 1,000,000 FHLB 2.00 12/8/28 2.000%12/08/28 3130AHVE0 12/01/23 899,249.03 90.132 901,320.00 388.89 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 97.170 1,214,625.00 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 93.797 937,970.00 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 95.181 951,810.00 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 95.624 956,240.00 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 97.002 970,020.00 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 97.519 975,190.00 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 98.082 980,820.00 42,000.00 Southwest Securities 1,000,000 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 98.286 982,860.00 37,500.00 RBC Dain Rauscher 1,000,000 FHLB 4.375 3/8/24 4.375%03/08/24 3130ATKJ5 03/08/23 993,490.00 99.972 999,720.00 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 98.803 988,030.00 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 99.056 990,560.00 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 99.183 991,830.00 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 99.401 994,010.00 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 99.448 994,480.00 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 98.654 986,540.00 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 98.654 986,540.00 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 98.902 989,020.00 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 99.054 990,540.00 (875.00) RBC Dain Rauscher 1,000,000 FHLB 5.000 2/15/29 5.000%02/15/29 3130AYYJ9 02/15/24 1,000,000.00 99.831 998,310.00 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 99.052 990,520.00 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 98.879 1,201,379.85 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 98.447 984,470.00 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 97.261 972,610.00 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 92.516 925,160.00 1,875.00 TOTALS 61,715,000 61,473,961.57 58,912,234.35 900,414.44 PRINCIPAL - CITY THIRD PARTY CUSTODIAL TRUST ACCT 2.950%N/A N/A N/A 1,735,005.62 100.000 1,735,005.62 36,313.08 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 4.122%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 February 29, 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 98.262 1,473,930.00 18,281.25 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 97.420 720,908.00 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 90.839 3,906,077.00 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 98.127 981,270.00 1,551.64 RBC 1,000,000 RIVERSIDE CO 2.667 2/15/25 2.667%02/15/25 76913CAZ2 01/05/24 978,730.00 97.815 978,150.00 2,963.33 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 93.705 937,050.00 5,210.00 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 97.823 978,230.00 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 96.829 1,210,362.50 14,743.75 TOTALS 11,790,000 11,068,028.60 11,185,977.50 119,000.47 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer February 29, 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 94.077 1,881,540.00 9,000.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 94.981 2,849,430.00 12,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 94.015 2,820,450.00 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 95.622 956,220.00 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 93.218 2,796,540.00 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 92.561 925,610.00 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 98.064 980,640.00 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 89.996 899,960.00 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 91.150 911,500.00 3,750.00 RBC 1,000,000.00 Microsoft Corp 3.300%02/06/27 594918BY9 12/20/23 978,104.48 96.586 965,860.00 4,400.00 TOTALS 18,000,000 17,085,919.04 15,987,750.00 104,493.75 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 138,700,111.35 134,899,941.48 2,290,122.21 Cost Market FEB Inv 138,700,111.35$ FEB Inv 134,899,941.48$ JAN Inv 138,527,955.58$ JAN Inv 135,068,169.39$ FEB Bank 18,978,771.91$ FEB Bank 18,978,771.91$ JAN Bank 15,267,146.44$ JAN Bank 15,267,146.44$ Change 3,883,781.24$ Change 3,543,397.56$