CC SR 20221206 F - City Oct 2022 Treasury Report
CITY COUNCIL MEETING DATE: 12/06/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the October 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the October 2022 Cash Balances/Monthly Treasurer’s Report.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Jane Lin, Senior Accountant
REVIEWED BY: Trang Nguyen, Director of Finance
APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer’s Report (page A-1)
BACKGROUND AND DISCUSSION:
This report summarizes the cash balance of all funds and investments for the month of
October 2022. A separate report is prepared monthly for the Improvement Authority and
presented under separate cover before the Authority Commission.
The overall cash balances of the City totaled approximately $90 million, with over $55
million or 61% of the total cash balance in the Local Agency Investment Fund (LAIF). The
City has over $2 million or 3% of the total cash balance with Bank of the West and over
$4 million or 5% with Malaga Bank. Additionally, the investments under the City’s
brokerage firm Stifel includes Certificates of Deposit (CD) investments over $20 million or
23%, Treasury Bills and Agency Bonds at $7.5 million or 8% of the total cash balance,
and a money market account of over $287,000 or less than 1%. The City holds a money
market account with Stifel for the transaction of selling and purchase purposes. The
securities are held by the Bank of America and are FDIC-insured.
1
In summary, the City’s General Fund has over $25 million or 28% in the cash balance,
and the Capital Infrastructure Program (CIP) Fund has approximately $40 million or 44%
in cash balance. The remaining cash balances are in the Equipment Replacement Fund
with approximately $3 million or 3%, over $1.8 million or 2% in the 1911 Act Fund,
approximately $0.3 million or less than 1% in the Habitat Restoration Fund, over $0.6
million or 1% in the Quimby Fund, and approximately $20 million or 22% in Other
Restricted Funds.
The City’s cash balance increased by over $19.5 million compared to the October 2021
balance. As reported in the prior month’s report, the significant overall increase in cash
balance included the American Rescue Plan Act of $4.9 million received in July 2021, the
second payment of American Rescue Plan Act of $4.9 million received in July 2022, $8
million from Bank of the West for the funding of the Ladera Linda Community Park Project,
and the remaining $1.7 million is a combination of solid recovery of revenues from the
pandemic and timing of disbursements in General Fund and Other Special Revenue
funds.
In comparison to the balance from last month, September 2022, the City’s cash balance
decreased by approximately $2.2 million, mainly attributed to the timing of billing for
general services and disbursements for City-approved projects. The major disbursements
for this month included Aleshire & Wynder for legal services, AMG & Associates for
Ladera Linda Community Park construction project, Express Sign & Neon for the city
entry and city park monument signage, Hardy & Harper for the roadway maintenance
project, Los Angeles County Sheriff’s Department for law enforcement services, and Stay
Green for the city landscape project. All expenditures were disbursed in accordance with
the Fiscal Year 2022-23 budget.
2
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS(1)
LESS: CHECK DISBURSEMENTS
LESS: ELECTRONIC DISBURSEMENTS(2)
ADJUSTMENTS(3)
PLUS:TRANSFERSIN
LESS : TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest is paid quarterly
(2) Electronic Disbursements:
Payroll
Payroll Charges
Bank and Merchanl Fees
Sales Taxes
Bank of the West
Operating
4,508,339 29
2,318,818.69
(4,020,460.13)
(762,529.15)
17,537.75
2,000,000.00
(1,690,880.00)
2,370,626 45
376,041.20
367,879.29
15,618.66
2,990.00
762,529.15
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
OCTOBER 2022
Malaga Bank
Non-Negotiable Stifel
Petty CHh L.AIF-CITY CD Money Martr.■t
5,000 00 56 938,591 48 4 319,725.04 42,437 76
201,140.23
244,624.29
(2 ,000,000 00)
5 ,000 00 55 ,139,73171 4,319,725 04 287,062 05
(3) The net adjustmenl was due to a void check and miscellaneous adjustment
OCTOBER 2022 CASH BALANCE BY MAJOR FUNDS
0%1 %
StWel
Investment Total Cash
26,250 000 .00 92,064,093.57
2,318,618.69
201,140.23
(4,020,460.13)
(762,529.15)
17,537.75
1,500,000.00 3,744,624 .29
(3,690,880.00)
27 ,750,000.00 89,872,145.25
■GENERAL FUND 28%
■CIP44%
■EQUIPMENT REPLACEMENT 3%
■1911ACT2 %
DHABITAT RESTORATION 0%
■QUIMBY 1%
■OTHER RESTRICTED FUNDS 22%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND I
Restricted bv Council Action
BEAUTIFICATION FUND
GIP
EQUIPMENT REPLACEMEN T
BUILDING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subtotal I
Restricted bv Law or External Aaencies
STREET MAINTENANCE
1972 ACT
EL PRADO
CDBG
CDBG-R
1911 ACT
SO LI D WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
MEASURER
MEASUREM
HABITAT RESTORATION
SUBREGION 1 MAINTENANCE
MEASURE A MAINTENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GINSBURG CULTURE ARTS BUILDING
DONOR RESTRICT ED CONTRIBUTIONS
FEDERAL GRANTS
STATE GRANTS
FEDERAL GRANTS-ARPA
QUIMBY
LOW-MODERATE INCOME HOUSING
AFFORDABLE HSNG IN LIEU
EET
MEASURE A CAPITAL
BIKEWAYS
UNDERGROUND UTILITIES
ROADWAY BEAUTIFICATION
MEASUREW
WATER QUALITY FLOOD PROTECTION
REDEVELOPMENT OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS
Sublolal I
GRAND TOTAL :
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
OCTOBER 2022
BALANCE
FORWARD DEBIT CREDIT
25,172,405.511 9 407 782.12 9 833,723.42
0 .00 0 .00 0.00
39 ,884 ,208 .24 84,08 1.38 70 1,190 .50
2 ,958,436 .62 6 ,268 .07 1,686.09
0 .00 0 .00 0.00
745,442 .07 1,459.80 0.00
0 .00 0 .00 0.00
43 581 1188.93 91 809.25 702,176.59
1,325 ,164.14 203,625.31 196,53 7.25
29 ,515 .80 63.48 0 .00
43,305 .93 93 .05 0.00
26 ,329 .56 0 .00 10 ,571 .25
0 .00 0 .00 0.00
1,891 ,948.09 4 ,128.05 22 ,163 .00
410 ,510 .06 16 ,818 .72 22 ,843 .16
131 ,790.16 295 .55 0 .00
835,854 .13 80 ,231 .36 13,536 .14
1,739 ,658 .73 98 ,732 .75 52 1.00
44,735 .72 80,998.45 0.00
2,024,606 .90 63 ,131 .15 731 .25
644 ,942 .07 67 ,872 .37 81 ,367 .39
368 ,063 .39 791 .57 80,448.00
746 ,361 .11 1,596.03 6,999 .14
158,107.72 295 .93 0 .00
115,767 .42 304.26 5,207 .23
0 .00 0 .00 0 .00
0 .00 0 .00 0.00
828 ,148.66 1,767 .73 986 .00
0 .00 0 .00 0.00
0 .00 138 ,977 .03 0.00
7,679,109 .71 17 ,302 .12 1,412,165.43
624 ,909 .19 1,426.57 23,880.56
318 ,460 .03 662 .76 0.00
867,415.36 1,865 .50 0.00
109,103.48 245 .43 0.00
0 .00 0 .00 0.00
28 ,118.59 0 .00 28 ,118.59
0 .00 0 .00 0.00
0 .00 0 .00 0.00
699,319 .95 1,539.42 57,268 .50
0.00 0 .00 0.00
298 ,994 .21 754 .20 0.00
0 .00 0 .00 0.00
813,360 .97 71 ,204 .25 46,299 .53
22,803,801.()8 854. 723.04 2,009,643.42
92,064,093.57 10,354,295.11 12,546,243.43
Total Investment:
Change In Change In
Endina Cash Endina Cash
CASH Balance Balance in %
25,248444.98 (425960.SO ·2"'
0.00 0 .00 0%
39 ,267 ,099.12 (617 ,109 .12 -2%
2,96 3,018 .60 4,581 .98 0%
0 .00 0 .00 0%
746 ,901 .87 1,459.80 0%
0.00 0 .00 0%
42 977 019.59 (811 087.341 -1%
1,332 ,252 .20 7,088 .06 1%
29 ,579 .28 63 .48 0%
43,398 .98 93 .05 0%
15 ,758 .31 (10 ,57 1.25) -40%
0.00 0 .00 0%
1,873 ,9 13 .14 (18 ,034 .95) -1%
404 ,485.62 (6 ,024 .44) -1 %
132 ,085 .71 295 .55 0%
902 ,549 .35 66,695 .22 8%
1,837 ,870.48 98 ,211 .7 5 6%
125 ,734 .17 80,998 .45 181 %
2,087 ,006.80 62 ,399.90 3%
63 1,447.05 (13,495 .02 -2%
288 ,406 .96 (79,656.43) -22 %
740 ,958 .00 (5 ,403.11 ) -1%
158,403.65 295 .93 0%
110 ,864 .45 (4 ,902 .97) -4%
0.00 0 .00 0%
0 .00 0 .00 0%
828 ,930 .39 781 .73 0%
0.00 0 .00 0%
138 ,977.03 138 ,977.03 0%
6,284 ,246 .40 (1,394 ,863.31 -18%
602,455.20 (22 ,45399) -4%
3 19 ,122.79 662 .76 0%
869 ,280 .86 1,865.50 0%
109 ,348 .91 24 5.43 0%
0.00 0 .00 0%
0 .00 (28 ,118.59) -100%
0 .00 0.00 0 %
0.00 0.00 0%
643 ,590 .87 (55 ,729.08) -8 %
0 .00 0 .00 0%
299 ,748 .41 754 .20 0%
000 0.00 0%
838,265 .69 24 ,904.72 3%
21 ,648,680.70 (1 ,154,920.38' -5%
89 ,872,145.25 (2,191,948.32) -2%
89,872,145.25
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
OCTOBER 2022
Issuer of Acquisition Maturity Mar1c.et Book
Investment Investment CUSIP# Date Term Date Value Value YN!~
Local Agency Investment Fund (LAIF-CITY) State of California N/A N/A On Demand s 55,139 ,732 $ 55,139,732 1 77%
Note (1)
CD• Non-Negotiable Malaga Bank 2/23/2022 6 Mos 2/18/2023 $ 250,000 $ 250 ,000 1 25%
CD -Non-Negotiable Malaga Bank 2/23/2022 6 Mos 2/18/2023 $ 4,069,725 $ 4 ,069.725 125%
CD -Bank of Ame rica -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 6/29/2022 60 Mos 6/29/2027 $ 250 ,000 $ 250 ,000 3 .55%
Allegiance Bank Texas 01748DAY2 11/3/2017 60 Mos 11/3/2022 $ 250 ,000 $ 250,000 2 20%
Amencan Expr Nall Bank 02589ABM3 3/3/2022 36 Mos 3/3/2025 $ 250 .000 250.000 180%
Auburn State Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 $ 250 ,000 $ 250,000 2 10%
Austin T elco Fed Cr Union 052392BN6 9/20/2022 24 Mos 9/20/2024 250,000 250,000 3 70 %
AXOS Bank 05465DAK4 3/26/2020 48 Mos 3/26/2024 $ 250 ,000 $ 250.000 165%
BMW Bank of Nonhem
America 05580AB45 7/23/2021 36Mos 7/23/2024 $ 250 ,000 250,000 0 50 %
Bank of Baroda 06063HMT7 7/22/2020 60 Mos 7/22/2025 $ 250 ,000 $ 250,000 065%
Bank of Deerfield 061785EG2 9/25/2019 42 Mos 3/24/2023 $ 250,000 $ 250,000 1.65%
Bank Forward 062163BN9 12/28/2019 60 Mos 12/18/2024 $ 250 .000 $ 250 ,000 1 75 %
Bank Hapoalim 06251A2Q2 12/14/2020 60 Mos 12/25/2025 $ 250,000 s 250,000 0.50%
Bankers Bank 06610RBL2 4/14/2022 42 Mos 10/14/2025 $ 250 ,000 $ 250 ,0 00 2.05%
Bank Newpon RhOde 06647JAV6 8/3/2022 48 Mos 8/3/2026 $ 250 ,000 $ 250.000 3 50%
Bankunited 066519QK8 3/5 /2021 60Mos 3/5/2026 s 250,000 $ 250.000 065%
Baxter Credit Union 07181JAB0 6/23/2022 36 Mos 6/23/2025 $ 250 ,000 $ 250,000 310%
Baycoasl Bank 072727AZ3 1/24/2020 60 Mos 1/24/2025 $ 250 ,000 $ 250 ,000 1 70%
Beal Bank USA 0737 1CK32 3/4/2022 48 Mos 3/4/2026 s 250,000 s 250 ,000 1 90 %
Capital One 14042RQB0 11/30/2021 60 Mos 11/17/2026 250,000 250 ,000 110%
Capital One 14042RQS3 4/20/2022 60 Mos 4/20/2027 250 .000 $ 250 .000 280%
Capital One National 14042RSK8 6/29/2022 48 Mos 6/1/2026 s 250,000 s 250 ,000 340%
Celtic Bank 15118RUX3 4/17/2020 60 Mos 4/17/2025 $ 250 000 $ 250 ,000 1 50 %
Chief Finl Fed Cr Un
Rochester 16863LAB1 7/2 9/2022 60Mos 7/29/2027 250 ,000 250,000 3 50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10/14/2022 36 Mos 10/14/2025 $ 250 ,000 250,000 462%
Comenity Capital Bank 20033A3A2 4/14/2022 60Mos 4/14/2027 $ 250 .000 250 ,000 265%
Connectone Bank 20786ADL6 9/24/2021 60 Mos 9/27/2026 $ 250 ,000 $ 250,000 0.80%
Connexus Credit Union 20825WAT7 5/27/2022 36 Mos 5/27/2025 250 ,000 $ 250.000 300%
Credit Un of Tex Allen 22551KAB8 7/22/2022 36 Mos 7/22/2025 $ 250 ,000 $ 250 .000 3 30%
Dan Bk Mason 237412AS0 6/22/2022 42 Mos 12/22/2025 $ 250.000 $ 250 ,000 310%
Discover Bank 254673B70 4/28/2022 36 Mos 4/28/2025 $ 250,000 $ 250,000 2 80%
Eaglebank 27002YET9 1/17/2020 36 Mos 1/17/2023 250 ,000 $ 250 .000 1 70%
Eagleman< Savings Bank 27004PCM3 3/2/2022 60 Mos 3/2/2027 $ 250 ,000 s 250,000 200%
Farmers&Merchants Bank 307811DP1 1/14/2022 60 Mos 1/14/2027 $ 250,000 $ 250 ,000 1.20%
First Bank Blue Earth 32114MAY3 10/21/2022 30 Mos 4/21/2025 $ 250 ,000 $ 250,000 448%
First Federal S&L 32022EAW6 12/29/2021 60 Mos 12/29/2026 s 250 ,000 $ 250,000 105%
First Nat'I Bank 32110YXG5 6/27/2022 60 Mos 6/24/2027 $ 250,000 $ 250 ,000 325%
First Natl Bank/DAMA 32117BEQ7 12/30/2021 60 Mos 12/30/2026 $ 250 ,000 $ 250 ,000 1 25%
Four Pts FCU Omaha 35089LAD5 6/29/2022 60Mos 6/29/2027 $ 250,000 $ 250 ,000 340%
Generations Bank 37149CAX5 5/12/2022 60 Mos 5/12/2027 $ 250 ,000 $ 250 .00 0 310%
GHS Fed Credit Union 36266LAA4 9/15/2022 60 Mos 9/15/2027 $ 250 ,000 250 ,000 380%
lntercredit Bank NA 458657MC4 1/20/2022 60 Mos 1/29/2027 s 250,000 $ 250 .000 1 35%
JP Morgan Chase Bank 48128UMX4 9/30/2020 60 Mos 9/30/2025 s 250 ,000 s 250 .000 0 .30%
Kemba Finl Credit Union 48836LAN2 9/21/2022 60 Mos 9/21/2027 $ 250 ,000 $ 250,000 4.10%
LCA Bank Corp 501798LK6 1/12/2018 60 Mos 1112/2023 $ 250,000 s 250.000 235%
Lebanon FCU PA 52248LAB2 8/4/2022 60 Mos 8/4/2027 $ 250 ,000 s 250,000 3 55%
Live Oak Bankinig 538036UG7 2/1/2022 48 Mos 2/2/2026 $ 250 ,000 s 250,000 125%
Magnolia Bank 559582AL5 10/30/2020 54Mos 4/30/2025 s 250 ,000 s 250,000 0.40%
Malaga Bank FSB 56102AAJ5 5/29/2020 60 Mos 5/29/2025 s 250 ,000 s 250000 070%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
OCTOBER 2022
Issuer of Acqwisition Mlturily Market Boole
lnwstment Investment CUSIPt Dito Torm D■te V■lue Value Yield
Martin Business Bank 57116ATM0 1115/2020 60 Mos 1/1512025 $ 250,000 $ 250,000 1.75%
Mid-Missouri Bank 59541KBP1 1/19/2018 60 Mos 1/19/2023 $ 250,000 $ 250,000 2.35%
Mineola Community Bank 60273NAB9 1119/2022 1119/2027 $ 250,000 $ 250,000 5.10%
MOflllln Stanley Bk 61690UK82 612/2022 36 Mos 612/2025 s 250,000 $ 250,000 3.05%
Morgan Stanley PVT Bank 61760AZ51 9/19/2019 48Mos 9/19/2023 $ 250,000 $ 250,000 1.85%
Mountain Amer Fed CR UN 62384RAL0 8129/2022 36Mos 8/29/2025 $ 250,000 $ 250,000 3.50%
Naf1 Bank of Commerce 633368FJ9 1/19/2022 60 Mos 1/19/2027 $ 250,000 s 250,000 1.15%
N-York Community Bank 649447UP2 613/2021 36Mos 6/3/2024 s 250,000 $ 250,000 0 .35%
Old Dominion Nat;I Bank 679585AZ2 1/20/2022 60Mos 1/20/2027 $ 250,000 $ 250,000 1.15%
Old Mission Bank 68002LCN6 4/29/2022 54Mos 10/29/2026 s 250,000 $ 250,000 2.65%
Onpath Fed Cr Union 68283MAG1 9/15/2022 60 Mos 9/15/2027 $ 250,000 $ 250,000 3.80%
Pathfinder Bank 70320KBR1 1/29/2022 60Mos 1/29/2027 $ 250,000 $ 250,000 1.20%
Pittsburgh City Hall 72500MAA3 8/16/2022 60Mos 8116/2027 $ 250,000 $ 250,000 3.60%
Popular Bank 73317AAY8 4/14/2022 36Mos 4/14/2025 $ 250,000 $ 250,000 2.45%
Preferred Bank LA 740367MA2 7/17/2020 60 Mos 7117/2025 $ 250,000 $ 250,000 0.50%
Raymond James Bank 75472RAN1 11/28/2019 72Mos 11/26/2024 $ 250.000 $ 250,000 1.85%
Saco&Biddefords Savs 78577THR9 7/21/2022 60Mos 7/21/2027 $ 250,000 $ 250,000 3.45%
Sallie Mae Bank/Salt Lake 7954504P7 11/16/2019 60Mos 10/16/2024 $ 250,000 $ 250,000 1.90%
Sharonview Fed Cr Union 819866BM5 8115/2022 36Mos 8115/2025 $ 250,000 $ 250,000 3.40%
Signat,xa Bk Chicago 82669VBY6 11/8/2017 60 Mos 11/8/2022 $ 250,000 $ 250,000 2.15%
Soulhwest Finl Fed Cr Un 84485EAJ6 9/21/2022 60Mos 9/21/2027 $ 250,000 $ 250,000 3.80%
State Bank of India 856285RS2 11/27/2019 72 Mos 11/27/2024 $ 250,000 $ 250,000 2.05%
Sterling Bank POP BL MO 85916VDN2 9/18/2019 48Mos 9/18/2023 $ 250,000 $ 250,000 1.65%
Texas Exchange Bank 88241TJJ0 10/23/2020 60 Mos 10/23/2025 $ 250,000 $ 250,000 0.60%
Texas Exchange Bank 88241TJN1 11/25/2020 60 Mos 11/25/2025 $ 250,000 s 250,000 0.60%
Texas Exchange Bank 88241T JR2 12118/2020 60Mos 12118/2025 $ 250,000 $ 250,000 0.60%
Texas Excange BK SSB 88241TNVB 8/16/2022 51 Mos 11/16/2026 $ 250,000 $ 250,000 3.60%
Toyota Financial Svgs Bank 89235MLE9 7/29/2021 60Mos 7/29/2026 $ 250,000 $ 250,000 0.95%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2027 $ 250,000 $ 250,000 3.40%
USB Bank USA 90348JN30 6/24/2021 36 Mos 6/24/2024 $ 250,000 $ 250,000 0.35%
Unrted Bankers Bank 909557JP6 12/16/2021 56Mos 8/17/2026 $ 250,000 $ 250,000 1()0%
Vision Bank of Iowa 92834CCL4 11/29/2019 72 Mos 11/29/2024 $ 250,000 $ 250.000 1.75%
Wells Fargo Nan Bank
West 949495AQ8 1/17/2020 36Mos 1/17/2023 $ 250,000 $ 250,000 1.90%
Workers Cmdrt Union 98138MATT 9/29/2022 60 Mos 9/29/2027 $ 250,000 $ 250,000 4.57%
Treasury-Bank of N-Yorl<(Vining Spart<s) Unrted States Treas 912828535 9/12/2019 45Mos 6/30/2023 $ 1,000,000 $ 1,000,000 1.38%
Unrted States Treas 912828XZ8 6/30/2020 60 Mos 6/30/2025 $ 1,000,000 $ 1,000,000 2.75%
Unrted States Treas 91282CBC4 1/12/2021 60 Mos 12/31/2025 $ 2,000,000 s 2,000,000 0.38%
Fed Fann Credrt Bank 3133ELF41 6/8/2022 60Mos 6/8/2027 $ 1,000,000 $ 1,000,000 0.94%
Fed Fann Cmdrt Bank 3133EMZ21 816/2021 54 Mos 4/6/2026 $ 1,000,000 $ 1,000,000 0.69%
Fed Fann Cmdrt Bank 3133ENYX2 6/17/2022 24 Mos 6/17/2024 $ 500,000 $ 500,000 3.25%
Fed Home Loan Bank 3130ASYR4 8/30/2022 36Mos 8/28/2025 $ 1,000,000 $ 1,000,000 4.08%
Total Investments $ 17,209,'57
Summary: Weighted Return 1.82%
Local Agency Investment Fund (LAIF-CI TY) 55,139,731.71
Certificate of Deposrt -Malaga Bank 250,000.00
Certificate of Deposrt -Malaga Bank 4,069,725.04
Certificate of Deposrt -Stifel 20,250,000 .00
Treasury Bills -Stifel 7,500.000.00
Total Investments l1,2111,4M.71
A-4
NOTE:
Malaga Bank • CD -
5%
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
OCTOBER 2022
SUMMARY OF CASH BALANCE BY INSTITUTION
SEPTEMBER 2022
Stifel • Treasury
8"
Bank of the West
3"
Stifel • Money Market
0%
State of California • LAIF
61"
(1) LAIF mall<et values will be repOt'ii!d to vary from book value W the City calculated share of total LAIF assets is less than the City book value.
To the best of my knowledge, there are no misstatements of material amounts within this report;
or omissions of matenal amounts to cause the report to be misleading.
I certify that this report accurately reflects all City investments and complies with the investment policy of the City
of Rancho Palos Verdes as approved by the City Council. Funhermore, I certify that sufficient investment liquidity
and anticipated revenues are available to meet the City's expenditure requirements for the next six months.
Respectfully submitted,
,\I!, r-nJ Dated
A-5