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HomeMy WebLinkAboutE-6 Staff Report - City Treasurers Report 3-2024CONSENT ITEM E-6 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: JUNE 17, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF MARCH 2024 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of March 2024. City investments are made in accordance with the City’s Investment Policy adopted and approved with Resolution No. 2024-C08 dated, February 5, 2024, 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 March 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 February 29, 2024 to March 31, 2024 is a net increase of $2,096,280.88. The change in total cash in bank and investments (at market) from February 29, 2024 to March 31, 2024 is a net increase of $2,216,937.42. Prepared by: Art Vasquez, City Treasurer Approved City Council June 17, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit March 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 700.00 Stagecoach Sweep Account DDA XXX-XXX1244 20,328,338.50 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 7,117.17 5.150%Wells Fargo Bank 2/26/25 949764ML5 108,010.64 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,883.26 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 53,398.80 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 20,912,099.94 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer March 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 02/17/23 249,000.00 101.110 251,763.40 7,688.31 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 96.489 239,292.72 2,321.00 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 101.575 251,906.50 8,843.06 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 92.853 227,489.61 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 96.320 238,874.34 1,562.74 Multi Bank Securitie 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 95.783 234,669.09 3,766.96 Multi Bank Securitie 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 96.179 235,639.04 1,596.86 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 96.187 236,619.04 3,968.35 Multi Bank Securitie 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 95.381 233,684.43 1,315.65 Multi Bank Securitie 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 98.594 241,555.79 2,948.08 Multi Bank Securitie 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 95.309 236,365.58 1,331.71 Multi Bank Securitie 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 96.152 235,572.65 2,220.10 Multi Bank Securitie 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 95.433 233,809.87 1049.81 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 94.807 232,277.40 3316.56 Multi Bank Securitie 245,000.00 Greenstate Credit Union 0.700%03/01/21 39573LAY4 03/12/21 245,000.00 92.452 226,507.16 1,287.44 Multi Bank Securitie 245,000.00 Home Ln Invst Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 95.246 233,351.97 1,471.38 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 96.414 236,213.57 5,344.70 Multi National Bank 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 96.451 239,197.49 2,321.00 Multi National Bank 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 96.629 239,638.68 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 98.212 243,566.01 3,162.87 Multi Bank Securitie 245,000.00 Banc of California 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 96.239 235,786.53 1,658.28 Multi Bank Securitie 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 91.337 223,775.16 1,563.29 Multi Bank Securitie 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 95.309 233,506.32 1,315.65 Multi Bank Securitie 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.498 224,169.86 1,482.08 Multi Bank Securitie 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 94.047 230,413.93 1,592.50 Multi National Bank 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 96.354 238,957.67 2,080.82 Multi National Bank TOTALS 6,399,000.00 6,399,000.00 6,134,603.75 85,781.86 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer March 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 148,436.66 Southwest Securities 1,000,000 FHLB 0.300 11/18/24 0.300%11/18/24 3130AKXV3 05/05/21 996,000.00 96.937 969,369.00 3,000.00 Southwest Securities 1,000,000 FHLB 3.500 9/13/24 3.500%09/13/24 3130AT6G7 02/03/23 990,701.22 99.169 991,693.00 17,500.00 Southwest Securities 1,000,000 FHLMC 2.500 10/8/24 2.500%10/08/24 3134GXQE7 04/08/22 998,000.00 98.545 985,450.00 12,500.00 Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 97.395 973,946.00 2,000.00 Southwest Securities 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 97.154 971,536.00 6,250.00 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 99.077 990,767.00 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 99.077 1,203,781.91 19,980.00 Southwest Securities 1,250,000 FHLB 2.000 3/28/25 2.000%03/28/25 3130ARBL4 03/28/22 1,249,062.50 97.019 1,212,736.25 25,000.00 Southwest Securities 1,000,000 FNMA 0.730 7/15/25 0.730%07/15/25 3136G4YU1 07/15/20 1,000,000.00 94.738 947,375.00 7,300.00 Southwest Securities 1,000,000 FHLMC 0.375 7/21/25 0.375%07/21/25 3137EAEU9 10/27/20 996,490.94 94.257 942,568.00 3,750.00 Southwest Securities 1,000,000 FFCB 0.680 8/4/25 0.680%08/04/25 3133EL2U7 08/04/20 1,000,000.00 94.473 944,734.00 6,800.00 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 98.727 1,135,354.75 34,500.00 Southwest Securities 1,000,000 FFCB 0.610 8/25/25 0.610%08/25/25 3133EL4W1 08/27/20 999,000.00 94.182 941,824.00 6,100.00 Southwest Securities 2,000,000 FNMA 0.375 8/25/25 0.375%08/25/25 3135G05X7 08/27/20 1,990,640.00 93.868 1,877,368.00 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 94.120 941,195.00 5,700.00 Southwest Securities 2,000,000 FHLB 0.600 8/27/25 0.600%08/27/25 3130AJZ36 08/27/20 1,999,500.00 94.150 1,882,998.00 12,000.00 Southwest Securities 1,000,000 FHLB 3.75 8/28/25 3.750%08/28/25 3130ASV22 08/29/22 999,500.00 98.285 982,849.00 37,500.00 Southwest Securities 1,000,000 FHLB 0.580 9/11/25 0.580%09/11/25 3130AK4T0 09/08/20 999,000.00 93.977 939,770.00 2,900.00 Southwest Securities 1,000,000 FFCB 0.530 9/29/25 0.530%09/29/25 3133EMBJO 10/02/20 999,300.00 93.733 937,330.00 2,650.00 Southwest Securities 1,000,000 FHLB 0.520 10/15/25 0.520%10/15/25 3130AKBX3 11/10/20 998,250.00 93.537 935,371.00 2,600.00 Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 93.470 1,869,404.00 5,300.00 Southwest Securities 1,000,000 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 97.235 972,350.00 15,500.00 Southwest Securities 1,000,000 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 93.273 932,733.00 2,300.00 Southwest Securities 1,000,000 FFCB 3.370 12/08/25 3.370%12/08/25 3133ENYE4 06/30/22 997,411.00 97.456 974,558.00 16,850.00 Southwest Securities 1,000,000 FHLB 5.150 12/30/25 5.150%12/30/25 3130AU5C4 12/30/22 1,000,000.00 99.549 995,486.00 25,750.00 Southwest Securities 1,000,000 FFCB 4.92 1/12/26 4.920%01/12/26 3133ENR77 11/04/22 997,500.00 99.362 993,617.00 49,200.00 Southwest Securities 1,000,000 FHLB 0.650 1/28/26 0.650%01/28/26 313OAKRN8 01/28/21 1,000,000.00 92.706 927,064.00 6,500.00 Southwest Securities 1,000,000 FHLB 0.600 2/18/26 0.600%02/18/26 313OAL2G8 07/22/21 999,000.00 92.475 924,754.00 6,000.00 Southwest Securities 1,000,000 FHLB 0.700 2/25/26 0.700%02/25/26 3130ALCU6 02/25/21 1,000,000.00 92.573 925,732.00 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 92.592 925,919.00 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 93.088 930,880.00 7,500.00 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 99.648 996,479.00 51,566.67 Southwest Securities 1,000,000 FHLB 1.020 4/15/26 1.020%04/15/26 3130ALUC6 04/15/21 999,500.00 92.776 927,755.00 5,100.00 Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 91.637 916,371.00 3,750.00 Southwest Securities 1,000,000 FHLB 1.050 6/26/26 1.050%06/26/26 3130AMWT5 06/30/21 999,750.00 92.262 922,622.00 7,875.00 Southwest Securities 1,000,000 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 99.383 993,826.00 49,722.22 Southwest Securities 1,000,000 VFHLB 0.500 9/16/26 0.500%09/16/26 3130ANUT5 09/16/21 1,000,000.00 92.807 928,065.00 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 91.690 916,897.00 11,000.00 Southwest Securities 1,100,000 FHLB 1.000 9/30/26 1.000%09/30/26 3130ANYN4 09/30/21 1,099,450.00 91.443 1,005,875.20 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 91.581 915,814.00 5,500.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 93.041 930,407.00 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 93.041 930,407.00 20,000.00 Southwest Securities 1,000,000 FHLB 2.375 3/29/27 2.375%03/29/27 3130ARCB5 03/29/22 999,000.00 93.845 938,453.00 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 95.034 950,336.00 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 95.701 957,008.00 15,875.00 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 99.036 990,358.00 21,770.00 Southwest Securities 1,000,000 FHLB 4.000 6/30/27 4.000%06/30/27 3130ASFR5 06/30/22 995,520.00 97.123 971,233.00 20,000.00 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 97.123 971,233.00 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 97.592 975,915.00 42,000.00 Southwest Securities 1,000,000 FHLB 5.000 9/14/27 5.000%09/14/27 3130AT3P0 09/29/22 1,000,000.00 98.962 989,620.00 25,000.00 Southwest Securities 1,000,000 FFCB 4.00 1/6/28 4.000%01/06/28 3133EN5N6 01/06/23 1,000,000.00 98.862 988,615.00 40,000.00 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 98.954 989,538.00 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 98.954 989,538.00 25,000.00 RBC Dain Rauscher 1,000,000 FHLB 2.00 12/8/28 2.000%12/08/28 3130AHVE0 12/01/23 899,249.03 90.332 903,315.00 388.89 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 98.156 981,557.00 (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 99.364 993,635.00 Totals 59,715,000 59,484,153.57 57,055,385.11 820,602.78 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 92.750 927,500.00 1,875.00 TOTALS 60,715,000 60,480,471.57 57,982,885.11 970,914.44 Charles Schwab - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.000%N/A N/A N/A 296,687.44 100.000 296,687.44 41,552.42 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 4.232%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 March 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 1,000,000 LOS ANGELES CA CMNTY 0.6 0.673%08/01/24 54438CYJ5 11/08/23 967,590.00 98.474 984,740.00 1,551.64 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 97.761 723,431.40 2,386.50 RBC 1,000,000 RIVERSIDE CO 2.667 2/15/25 2.667%02/15/25 76913CAZ2 01/05/24 978,730.00 97.858 978,580.00 2,963.33 RBC 1,500,000 CALIFORNIA ST 3.375 4/1/25 3.375%04/01/25 13063DGB8 02/06/23 1,474,950.00 98.407 1,476,105.00 18,281.25 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 97.944 979,440.00 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 97.031 1,212,887.50 14,743.75 Southwest Securities 1,000,000 SACRAMENTO CNTY 1.042 12 1.042%12/01/25 786134WG7 04/22/22 931,540.00 94.013 940,130.00 5,210.00 RBC 4,300,000 GOLDEN ST TOBACCO 1.886 6 1.886%06/01/27 38122NA93 03/07/23 3,847,204.00 91.456 3,932,608.00 40,549.00 TOTALS 11,790,000 11,068,028.60 11,227,921.90 119,000.47 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer March 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 1,000,000.00 Caterpillar Fin Ser 1.450%05/15/25 14913R2C0 08/31/20 1,039,350.00 95.881 958,811.00 7,250.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 95.279 2,858,367.00 12,000.00 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 94.152 1,883,042.00 9,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 94.120 2,823,588.00 16,500.00 Multi Bank Securities 1,000,000.00 JPMORGAN Chase 0.750%10/30/25 48128GX54 10/30/20 1,000,000.00 92.397 923,970.00 3,750.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 93.517 2,805,507.00 12,000.00 Southwest Securities 1,000,000.00 John Deere Capital 0.700%01/15/26 24422EVK2 01/27/21 1,000,000.00 92.762 927,624.00 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 90.388 903,877.10 7,000.00 RBC 1,000,000.00 Microsoft Corp 3.300%02/06/27 594918BY9 12/20/23 978,104.48 96.949 969,491.00 4,400.00 RBC 1,000,000.00 John Deere Cap Mtn 4.150%09/15/27 24422EWK1 03/27/23 1,004,440.00 98.041 980,411.00 20,750.00 Charles Schwab 1,350,000.00 Bank of America VAR28 4.770%07/21/28 06051GGR4 03/27/24 1,297,128.18 95.090 1,283,713.65 Charles Schwab 1,350,000.00 Morgan Stanley VAR29 4.830%01/24/29 61744YAP3 03/27/24 1,297,632.85 95.174 1,284,854.40 TOTALS 19,700,000 19,680,680.07 18,603,256.15 104,493.75 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 138,863,064.20 135,183,550.87 2,367,254.95 Cost Market MAR Inv 138,863,064.20$ MAR Inv 135,183,550.87$ FEB Inv 138,700,111.35$ FEB Inv 134,899,941.48$ MAR Bank 20,912,099.94$ MAR Bank 20,912,099.94$ FEB Bank 18,978,771.91$ FEB Bank 18,978,771.91$ Change 2,096,280.88$ Change 2,216,937.42$