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HomeMy WebLinkAboutE-8 Staff Report - City Treasurers Report 4-2024CONSENT ITEM E-8 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ART VASQUEZ, CITY TREASURER DATE: JULY 15, 2024 SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT BALANCES FOR THE MONTH OF APRIL 2024 BACKGROUND: Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for the month of April 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 April 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 March 31, 2024 to April 30, 2024 is a net increase of $6,371,352.58. The change in total cash in bank and investments (at market) from March 31, 2024 to April 30, 2024 is a net increase of $6,040,793.34. Prepared by: Art Vasquez, City Treasurer Approved City Council July 15, 2024 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer Treasury Checking Accounts and Certificates of Deposit April 30, 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 20,829.00 Stagecoach Sweep Account DDA XXX-XXX1244 23,071,091.21 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 7,147.94 5.150%Wells Fargo Bank 2/26/25 949764ML5 107,898.15 Sewer Bond Fund 5.300%Barclays Bank 06/06/2024 06740KPR4 244,938.10 WFB Advantage Heritage Money Market Fund (rated AAAm/Aaa)WFB XXXX1829 53,629.61 0.00 City of Azusa Settlement Trust Principal Custody Solutions Bank Money Market XXXX6615 14,944.19 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 23,674,262.73 Page 1 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer April 30, 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 245,000.00 Enerbank USA 1.800%08/30/24 29278TKT6 08/30/19 245,000.00 98.881 242,259.19 3,685.10 248,000.00 Merrick Bank South Jor 1.900%10/18/24 59013KDM5 10/18/19 248,000.00 98.511 244,307.03 3,563.07 248,000.00 UBS Bank USA 1.250%03/25/25 90348JTH3 03/25/20 248,000.00 96.667 239,734.16 2,344.11 248,000.00 BMW Bank of North America 1.250%03/26/25 05580AVR2 03/18/20 248,000.00 96.626 239,631.24 1,562.74 Multi National Bank 248,000.00 Alma Bank 1.400%03/28/25 020080BX4 03/30/20 248,000.00 96.781 240,017.87 2,901.25 Multi Bank Securitie 248,000.00 Lakeside Bank 1.400%03/31/25 51210SSD0 03/30/20 248,000.00 96.753 239,947.44 2,901.25 Multi Bank Securitie 248,000.00 Medallion Bank 1.600%03/31/25 58404DGR6 3/30/220 248,000.00 96.899 240,308.53 3,978.87 245,000.00 Banc of California 1.350%04/16/25 69506YRG6 04/16/20 245,000.00 96.547 236,541.13 3,316.56 Multi Bank Securitie 245,000.00 Centerstate Bank 1.300%04/17/25 15201QDD6 04/17/20 245,000.00 96.492 236,406.14 3,193.72 Multi Bank Securitie 245,000.00 First National Bank 1.350%04/28/25 32112UDR9 04/28/20 245,000.00 96.473 236,358.12 2,501.01 Multi Bank Securitie 245,000.00 Encore Bank 0.800%05/15/25 29260MBF1 05/15/20 245,000.00 95.757 234,604.41 1,482.12 Multi Bank Securitie 245,000.00 Flagstar Bank 0.850%05/15/25 33847E3H8 05/15/20 245,000.00 95.799 234,706.33 1049.81 Multi Bank Securitie 248,000.00 First Jackson Bank 0.800%05/22/25 32063KAW2 05/22/20 248,000.00 95.684 237,295.58 1,500.21 245,000.00 Poppy Bank 0.800%05/22/25 73319FAU3 05/22/20 245,000.00 95.684 234,425.07 1,482.12 Multi Bank Securitie 245,000.00 Shoreham Bank 0.800%05/29/25 43719LAE5 05/29/20 245,000.00 95.610 234,243.77 1,637.85 Multi Bank Securitie 245,000.00 Toyota Financial Sav 0.262%08/21/25 89235MKF7 08/21/20 245,000.00 94.255 230,925.00 1,592.50 245,000.00 Greenstate Credit Union 0.700%03/12/26 39573LAY4 03/12/21 245,000.00 92.694 227,099.81 1,433.10 Multi National Bank 245,000.00 Pentagon Fed Cred Un 0.850%09/01/26 70962LAE2 09/01/21 245,000.00 91.508 224,194.11 1,740.16 Multi National Bank 245,000.00 State Bank of India 1.200%11/30/26 856285YN5 11/29/21 245,000.00 91.587 224,387.91 1,482.08 Multi National Bank 245,000.00 Beal Bank 1.900%02/17/27 07371CE88 02/24/22 245,000.00 92.836 227,447.96 4,655.00 Multi Bank Securitie 245,000.00 Goldman Sachs 2.700%04/20/27 38149M5H2 04/20/22 245,000.00 94.680 231,965.51 6633.12 Multi Bank Securitie 245,000.00 Capital One 3.050%05/04/27 14042TFW2 05/04/22 245,000.00 95.619 234,265.33 3,766.96 Multi Bank Securitie 246,000.00 Discover Bank 3.200%05/24/27 2.55E+41 05/24/22 246,000.00 96.003 236,166.64 3,968.35 Multi Bank Securitie 245,000.00 Lafayette Fed 3.250%05/25/27 50625LBJ1 05/25/22 245,000.00 96.230 235,764.24 6,020.97 Multi Bank Securitie 248,000.00 Austin Telco 4.750%01/27/28 052392CN5 01/27/23 248,000.00 101.151 250,854.98 9,843.55 Multi National Bank 249,000.00 All in Fed Credit Union 4.600%02/17/28 01664MAE6 02/17/23 249,000.00 100.688 250,712.62 8,661.12 Multi National Bank TOTALS 6,399,000.00 6,399,000.00 6,144,570.06 100,814.05 Page 2 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer April 30, 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 3.500 9/13/24 3.500%09/13/24 3130AT6G7 02/03/23 990,701.22 99.299 992,989.00 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 98.709 987,088.00 25,000.00 Southwest Securities 1,000,000 FFCB 0.400 10/15/24 0.400%10/15/24 3133EMCNO 10/15/20 998,500.00 97.718 977,183.00 4,000.00 Southwest Securities 1,000,000 FHLB 0.300 11/18/24 0.300%11/18/24 3130AKXV3 05/05/21 996,000.00 97.226 972,259.00 3,000.00 Southwest Securities 1,000,000 FHLB 1.250 12/20/24 1.250%12/20/24 3130AQAK9 08/02/22 960,020.00 97.344 973,436.00 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 99.044 990,441.00 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 99.044 1,203,385.82 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 97.056 1,213,201.25 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 94.696 946,955.00 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 94.293 942,932.00 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 94.428 944,280.00 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 98.438 1,132,035.85 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 94.112 941,118.00 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 93.867 1,877,342.00 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 94.051 940,505.00 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 94.065 1,881,300.00 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 98.004 980,039.00 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 93.871 938,714.00 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 93.592 935,917.00 5,300.00 Southwest Securities 1,000,000 FHLB 0.520 10/15/25 0.520%10/15/25 3130AKBX3 11/10/20 998,250.00 93.385 933,851.00 5,200.00 Southwest Securities 2,000,000 FFCB 0.530 10/22/25 0.530%10/22/25 3133EMEC2 11/12/20 1,997,250.00 93.320 1,866,408.00 10,600.00 Southwest Securities 1,000,000 FHLB 3.100 10/29/25 3.100%10/29/25 3130ARLT6 04/29/22 1,000,000.00 96.881 968,808.00 31,000.00 Southwest Securities 1,000,000 FFCB 0.460 11/3/25 0.460%11/03/25 3133EMFS6 11/04/20 998,760.00 93.216 932,161.00 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 97.080 970,796.00 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 99.383 993,827.00 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 99.125 991,253.00 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 92.392 923,915.00 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 92.097 920,969.00 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 92.192 921,924.00 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 92.173 921,728.00 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 92.668 926,684.00 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 99.471 994,707.00 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 92.338 923,380.00 10,200.00 Southwest Securities 1,000,000 FHLMC 0.750 6/23/26 0.750%06/23/26 3134GXHY3 06/18/21 999,100.00 91.122 911,221.00 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 91.719 917,192.00 8,750.00 Southwest Securities 1,000,000 FHLB 5.000 7/28/26 5.000%07/28/26 3130AUMR2 01/30/23 1,000,000.00 99.053 990,525.00 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 92.126 921,258.00 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 90.994 909,941.00 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 90.754 998,289.60 11,000.00 Southwest Securities 1,000,000 FHLB 1.100 10/13/26 1.100%10/13/26 3130APB87 10/13/21 999,500.00 90.867 908,668.00 11,000.00 Southwest Securities 1,000,000 FHLB 2.000 2/25/27 2.000%02/25/27 3130AQRH8 03/04/22 1,000,000.00 92.059 920,592.00 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 92.059 920,592.00 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 92.951 929,512.00 23,750.00 Southwest Securities 1,000,000 FHLB 2.875 4/14/27 2.875%04/14/27 3130ARGQ8 04/14/22 1,000,000.00 94.138 941,376.00 28,750.00 Southwest Securities 1,000,000 FHLB 3.175 4/19/27 3.175%04/19/27 3130ARHJ3 04/19/22 1,000,000.00 94.794 947,940.00 31,750.00 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 97.794 977,942.00 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 96.507 965,066.00 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 96.507 965,066.00 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 96.739 967,390.00 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 98.290 982,897.00 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 97.259 972,588.00 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 98.568 985,684.00 50,000.00 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 98.568 985,684.00 50,000.00 RBC Dain Rauscher 1,000,000 FHLB 2.00 12/8/28 2.000%12/08/28 3130AHVE0 12/01/23 899,249.03 88.633 886,329.00 388.89 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 96.958 969,584.00 (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 98.264 982,641.00 Totals 59,715,000 59,484,153.57 56,819,509.52 970,252.78 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 92.484 924,843.70 1,875.00 TOTALS 60,715,000 60,480,471.57 57,744,353.22 1,120,564.44 Charles Schwab - CITY THIRD PARTY CUSTODIAL TRUST ACCT 0.000%N/A N/A N/A 30,485,411.86 100.000 30,485,411.86 43,431.63 LAIF - CITY LOCAL AGENCY INVESTMENT FUND 4.272%N/A N/A N/A 6,348,661.15 100.000 6,348,661.15 1,455,976.64 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer April 30, 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 98.797 987,970.00 1,551.64 RBC 740,000 CALIFORNIA ST INFRA 0.645 1 0.645%10/01/24 13034AL57 06/09/23 701,364.60 98.075 725,755.00 4,773.00 RBC 1,000,000 RIVERSIDE CO 2.667 2/15/25 2.667%02/15/25 76913CAZ2 01/05/24 978,730.00 97.921 979,210.00 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 98.260 1,473,900.00 43,593.75 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 97.993 979,930.00 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 97.032 1,212,900.00 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 93.835 938,350.00 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 90.441 3,888,963.00 40,549.00 TOTALS 11,790,000 11,068,028.60 11,186,978.00 146,699.47 CITY OF AZUSA TREASURER'S REPORT Prepared by: Art Vasquez, Treasurer April 30, 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 96.026 960,260.00 7,250.00 Southwest Securities 3,000,000.00 Amazon.com 0.800%06/03/25 023135BQ8 06/09/20 3,039,673.33 95.239 2,857,161.00 12,000.00 Southwest Securities 2,000,000.00 Alphabet Inc 0.450%08/15/25 02079KAH0 08/17/20 2,000,000.00 94.176 1,883,510.00 9,000.00 Southwest Securities 3,000,000.00 Apple Inc 0.550%08/20/25 037833DX5 08/20/20 3,007,110.00 94.075 2,822,262.00 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 92.291 922,907.00 7,500.00 Southwest Securities 3,000,000.00 Caterpillar Fin Ser 0.800%11/13/25 14913R2H9 12/16/20 3,017,241.23 93.531 2,805,915.00 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 92.612 926,121.00 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 90.121 901,213.00 7,000.00 RBC 1,000,000.00 Microsoft Corp 3.300%02/06/27 594918BY9 12/20/23 978,104.48 95.794 957,941.00 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 96.872 968,720.00 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 93.950 1,268,319.60 Charles Schwab 1,350,000.00 Morgan Stanley VAR29 4.830%01/24/29 61744YAP3 03/27/24 1,297,632.85 93.917 1,267,876.80 TOTALS 19,700,000 19,680,680.07 18,542,206.40 108,243.75 Schwab Money Market Acct 8,010,000.74 8,010,000.74 0.74 Principal**Market Value***Interest Received Fiscal Year to Date* TOTAL INVESTMENTS IN FEDERAL AGENCIES, Corp Bonds, CD's, WFB INSTITUTIONAL TRUSTS, and LAIF 142,472,253.99 138,462,181.42 2,975,730.72 Cost Market APR Inv 142,472,253.99$ APR Inv 138,462,181.42$ MAR Inv 138,863,064.20$ MAR Inv 135,183,550.87$ APR Bank 23,674,262.73$ APR Bank 23,674,262.73$ MAR Bank 20,912,099.94$ MAR Bank 20,912,099.94$ Change 6,371,352.58$ Change 6,040,793.34$