CC SR 20230207 E - City Dec 2022 Treasury Report
CITY COUNCIL MEETING DATE: 02/07/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive and file the December 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the December 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
December 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 $93 million with over $52
million or 56% of the total cash balance in the Local Agency Investment Fund (LAIF). The
City has over $5 million or 6% 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 at $22 million or
24%, Treasury Bills and Agency Bonds over $8.5 million or 9% of the total cash balance,
and a money market account of over $258,000 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 $27 million or 29% in the cash balance,
and the Capital Infrastructure Program (CIP) Fund has over $39 million or 43% in cash
balance. The remaining cash balances are in the Equipment Replacement Fund with over
$3 million or 3%, over $2 million or 2% in the 1911 Act Fund, approximately $0.3 million
or less than 1% in the Habitat Restoration Fund, approximately $0.6 million or 1% in the
Quimby Fund, and over $20 million or 22% in Other Restricted Funds.
The City’s cash balance increased by over $19 million compared to the December 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 $1.2 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, November 2022, the City’s cash balance
increased by approximately $2.4 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 and Wynder for legal services, AMG and Associates for
Ladera Linda Community Park construction project, Dell Marketing for the annual
Microsoft contract, EDCO Disposal for citywide street sweeping services, Geosyntec
Consultant for the Peninsula Coordinated Integrated Monitoring Program (CIMP)
implementation of storm water, Griffin Structures for the Ladera Linda construction
project, Hardy and Harper for the landslide road repair and resurfacing project, the Los
Angeles County Sheriff’s Department for law enforcement services, Stay Green for the
City’s landscape project, and Transtech Engineers for various project management. All
expenditures were disbursed in accordance with the Fiscal Year 2022-23 budget.
2
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS(1)
LESS: CHECK DISBURSEME,
LESS ELECTRONIC DISBURSE ENTS(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 Merchant Fees
Postage
Bank of the WHt
Opomtng
4 ,142,344.43
6,748,744.31
(3,604,363.03)
(650,277.50)
(4,312.43)
5,000,116.33
(5,955,000.00)
5,677,252.11
392,627.98
242,199.22
13,250.30
2,200.00
650,277.50
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
DECEMBER 2022
Malaga Bank
Non-Negotiable Stifel
P9ttyCUII l.AIF-CITY CD Moneyllarbt
5,000.00 53,139,731.71 4,319,725.04 227,265.19
31,121.26
4,000,000.00
(5,000,000.00)
5,000.00 52,139,731.71 4,319,725.04 258,386.45
(3) The net adjustment was due to a void check and miscellaneous adjustment.
DECEMBER 2022 CASH BALANCE BY MAJOR FUNDS
0%1%
Stifwl
In-Total Cash
28,750,000.00 90,584,066.37
6,748,744.31
(3,604,363.03)
(650,277.50)
26,808.83
1,802,000.00 10,802,116.33
(10,955,000.00)
30,552,000.00 92,952,095.31
■GENERAL FUND 29%
■CIP43%
■EQUIPMENT REPLACEMENT 3%
■1911 ACT2%
CHABITAT RESTORATION 0%
■QUIMBY 1%
■OTHER RESTRICTED FUNDS 22%
A-1
CASH BALANCES B Y FUND
Unrestricted
FUM>
Restricted bv Council Action
BEAUTIFICATION FUND
GIP
EQUIPMENT REPLACEMENT
BUILDING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS ,.._,. ..
Restricted bv Law or External Aaencies
STREET MAINTENANCE
1972 ACT
EL PRADO
CDBG
CDBG-R
1911 ACT
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
MEASURER
MEASURE M
HABITAT RESTORATION
SUBREGION 1 MAINTENANCE
MEASURE A MAINTENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GINSBURG CULTURE ARTS BUILDING
DONOR RESTRICTED 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 OBLIGATIO N RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS
SlelDlal I
GRAND TOTAL
CITY OF RANCHO PALOS VERDES
MONTHLY TR EASU RER'S REPORT
DECEMBER 2022
BALANCE
FORWARD DEBIT CREDIT
21.2~.315.22 20.2011021.33 19,083941.10
0.00 0.00 0.00
39,034,065.54 1,530,975.00 1,067,832.13
2,963,018.60 73,050.00 2,270.26
0.00 0.00 0.00
746,901.87 100,000.00 000
0.00 0.00 0.00
il. 743,1186,01 1 704021.00 1070102.39
1,498,300.86 164,372.03 95,835.36
29,579.28 0.00 000
43,449.69 1,253.09 0.00
10,128.31 15,442 .00 2,437.50
0.00 0.00 0.00
1,859,687.66 317,971.54 44,975.29
376,217.81 0.00 11,918.30
132,085.71 13,919.54 30,742.23
961,430.65 76,787.59 587,349.46
1,930,871.39 92,573.87 0.00
162,199.96 29,250.80 62,500.00
2 ,083,789.30 115,402.11 4,192.50
597,402.03 131,338.33 77,773.06
288,406.96 0.00 0.00
737,005.44 12,500.00 5,902.94
158,403.65 0.00 12,500.00
109,327.73 23,279.64 11,436.49
0 .00 000 0.00
000 0.00 0.00
834,472.86 2,000.00 261.09
0.00 0.00 0 .00
46,914.39 0.00 34,319.41
6,105,864.62 0.00 48,052.50
581,804.45 0.00 12,169.39
319,122.79 0.00 0.00
869,280.86 0.00 0.00
109,348.91 0.00 15,371.10
0.00 0.00 0.00
0.00 0.00 000
0.00 0.00 0.00
0.00 0.00 000
628,909.12 685,416.73 94,978.39
0.00 0.00 0.00
299,748.41 0.00 0.00
0.00 0.00 0.00
836,012.30 104,134.12 19,908.28
21,848 IIIIO. 70 1 7115 641 .38 1172623.29
90,622,981 .93 23,894,695.72 21,326,668.78
Tota l Investm ent:
Change In Chanae In
Endina Cash Endina Cash
CASH Balance Balance in%
27 351..403.411 1121 OU.23 4%
0.00 0.00 0%
39,497,208.41 463,142.87 1%
3,033,798.34 70,779.74 2%
0.00 0.00 0%
846,901.87 100,000.00 13%
000 0.00 0%
43377901.82 833922.11 1%
1,566,837.53 68,536.67 5%
29,579.28 0.00 0%
44,702 .78 1,253.09 3%
23,132.81 13,004.50 128%
0.00 0 00 0%
2,132,683.91 272 ,996.25 15%
364,299.51 (11,91830 -3%
115,263.02 (16,822.69) -13%
450,868.78 (510,561.87) -53%
2,023,445.26 92 ,573.87 5%
128,950.76 (33,249 20) -20%
2,194,998.91 111,209.61 5%
650,967.30 53,565.27 9%
288,406.96 0.00 0%
743,602.50 6,597.06 1%
145,903.65 (12,500.00) -8%
121,170.88 11 ,843.15 11%
0.00 0.00 0%
0.00 0.00 0%
836,211.77 1,738.91 0%
0.00 0.00 0%
12,594.98 (34,319.41 -73%
6,057,812.12 (48,052.50 -1%
569,635.06 (12,169.39) -2%
319,122.79 0.00 0%
869,280.86 0.00 0%
93,977.81 (15,371.10) -14%
0.00 0.00 0%
000 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
1,219,347.46 590,438.34 94%
000 0.00 0%
299,748.41 0.00 0%
0.00 000 0%
920,238.14 84,225.84 10%
22,222. 783.24 613,018.1 0 3%
92,952,095,31 2,368,028.94 3%
92,952,095.31
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
DECEMBER 2022
Issuer of Acquisition Maturity Martlet Book
Investment lnVHtment CUSIP# Date Tenn Date Value Value Yield
Local Agency Investment Fund (LAIF-CITY) State of California N/A NIA On Demand s 52 ,139732 S 52.139 ,732 217%
Note (1)
CD • Non-Negotiable Ma laga 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 1 25%1
CD -Bank of Amenca -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 6/29/2022 60Mos 6/29/2027 s 250,000 $ 250 ,000 355%
American Expr Natl Bank 02589ABM3 3/3/2022 36Mos 3/3/2025 $ 250,000 250,000 1 80"/o
Auburn State Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 $ 250,000 250,000 210%
Austin Telco 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 1 65%
BMW Bank of Northern
America 05580AB45 7/23/2021 36 Mos 7/23/2024 $ 250 .000 250,000 050%
Bank of Baroda 06063HMT7 7/22/2020 60 Mos 7/22/2025 s 250,000 s 250,000 0.65 %
Bank of Deertield 061785EG2 9/25/2019 42 Mos 3/24/2023 s 250.000 250 ,000 165%
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 $ 250,000 250,000 050%
Bankers Bank 06610RBL2 4/14/2022 42 Mos 10/14/2025 250,000 250,000 2 .05%
Bank Newport Rhode 06647JAV6 8/3/2022 48 Mos 8/3/2026 250,000 250.000 350%
Bankunited 066519QK8 3/5/2021 60 Mos 3/5/2026 250,000 s 250 .000 065%
Baxter Cred1t Union 07181JAB0 6/23/2022 36 Mos 6/23/2025 250,000 s 250 ,000 3.10%
Baycoast Bank 072727AZ3 1/24/2020 60 Mos 1/24/2025 250 ,000 250,000 1 70 %
Beal Bank USA 07371CK32 3/4/2022 48 Mos 3/4/2026 s 250,000 $ 250,000 1 90 %
Capital One 14042RQB0 11/30/2021 60 Mos 11/17/2026 $ 250,000 s 250,000 110%
Capital One 14042RQS3 4/20/2022 60 Mos 4/20/2027 250,000 s 250 ,000 280%
Celtic Bank 15118RUX3 4/17/2020 60 Mos 4/17/2025 250,000 250 ,000 150%
Chief Finl Fed Cr Un
Rochester 16863LAB1 7/29/2022 60 Mos 7/29/2027 250 .000 250.000 350%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10/14/2022 36 Mos 10/14/2025 250 .000 s 250 ,000 462%
Comenity Capital Bank 20033A3A2 4/14/2022 60 Mos 4/14/2027 s 250.000 250 ,000 2 65 %
Community West Cr Un 20416JAC8 12/23/2022 30 Mos 6/23/2025 250,000 250,000 500%
Communityw1de FCU 20416TAV4 12/8/2022 36 Mos 12/8/2025 250,000 250 ,000 500%
Connectone Bank 20786ADL6 9/24/2021 60 Mos 9/27/2026 $ 250 .000 s 250 ,000 080%
Connexus Credit Union 20825WAT7 5/27/2022 36 Mos 5/27/2025 s 250 .000 s 250 ,000 300%
Credit Un of Tex Allen 22551KAB8 7/22/2022 36 Mos 7/22/2025 s 250,000 $ 250 ,000 330%
Dart 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%
Oort Financial Cr Umon 25844MAD0 10/28/2022 24 Mos 10/28/2024 s 250.000 250 ,000 463%
Eaglebank 27002YET9 1/17/2020 36 Mos 1/17/2023 250.000 250 ,000 1 70 %
Eaglemarl< Savings Bank 27004PCM3 3/2/2022 60 Mos 3/2/202 7 250,000 250 ,000 200%
Farmers&Merchants Bank 307811DP1 1/14/2022 60 Mos 1/14/2027 250,000 250 000 1 20 %
Farmers State Bannk 310567AG7 11/14/2022 36 Mos 11/14/2025 250 .000 250,000 4 99%
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 250 000 $ 250,000 1 05°/o
First Nat'I Bank 32110YXG5 6/27/2022 60 Mos 6/24/2027 250 .000 s 250,000 325%
First Natl Bank/DAMA 32117BEQ7 12/30/2021 60 Mos 12/30/2026 250,000 $ 250,000 125%
Flushing Bank 34387AFF1 11/4/2022 36 Mos 11/4/2025 250.000 $ 250 ,000 4 73%
Four Pts FCU Omaha 35089LAD5 6/29/2022 60 Mos 6/29/2027 250,000 s 250 ,000 340%
Generations Bank 37149CAX5 5/12/2022 60 Mos 5/12/2027 $ 250 ,000 $ 250 ,000 310%
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 250,000 $ 250 ,000 1 35%
JP Morgan Chase Bank 48128UMX4 9/30/2020 60 Mos 9/30/2025 250.000 s 250.000 0 30 %
Kemba Finl Credit Union 48836LAN2 9/21/2022 60 Mos 9/21/2027 s 250 000 s 250,000 410%
LCA Bank Corp 501798LK6 1/12/2018 60 Mos 1/12/2023 s 250.000 250,000 2 35 %
Lebanon FCU PA 52248LAB2 8/4/2022 60Mos 8/4/2027 $ 250.000 s 250.000 355%
Live Oak Bankinig 538036UG7 2/1/2022 48 Mos 2/2/2026 $ 250.000 $ 250 ,000 1 25%
Magnolia Bank 559582AL5 10/30/2020 54 Mos 4/30/2025 s 250,000 s 250,000 040%
Malaga Bank FSB 56102AAJ5 5/29/2020 60 Mos 5/29/2025 $ 250000 250 ,000 0 70%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
DECEMBER 2022
Issuer of Acquil.ition Maturity Marl<et Book
&nwiatmant lnvestmant cusu•• Date Tonn D■te Volvo Value Yield
Ma~in Business Bank 57116ATM0 1115/2020 60 Mos 1/15/2025 $ 250,000 $ 250,000 1.75%
Mid-Missouri Bank 59541KBP1 1119/2018 60 Mos 1/19/2023 $ 250,000 $ 250,000 2.35%
Mineola Community Bank 60273NAB9 11/9/2022 11/9/2027 $ 250.000 $ 250,000 5.10%
Morgan Stanley Bk 61690UK82 6/2/2022 36Mos 6/2/2025 $ 250,000 $ 250,000 3.05%
Morgan Stanley PVT Bank 61760AZ51 9/19/2019 48Mos 9119/2023 $ 250,000 $ 250,000 1.85%
Mountain Amer Fed CR UN 62384RAL0 8/29/2022 36Mos 8/29/2025 $ 250,000 $ 250,000 3.50%
Nat'I Bank of Commerce 633368FJ9 1/19/2022 60 Mos 1/19/2027 $ 250,000 $ 250,000 1.15%
New York Community Bank 649447UP2 613/2021 36Mos 6/3/2024 $ 250,000 $ 250,000 0.35%
Numerics Credit Union 67054NBA0 11/4/2022 24 Mos 1114/2024 $ 250,000 $ 250,000 4 .86%
Oklahoma Fed Credit Union 67886WAB3 11/22/2022 24 Mos 11/22/2024 $ 250,000 $ 250,000 4 .99%
Old Dominion Nat;I Bank 679585AZ2 1/20/2022 60 Mos 1/20/2027 $ 250,000 $ 250,000 1.15%
Old Mission Bank 68002LCN6 4/29/2022 54 Mos 10/29/2026 $ 250,000 $ 250,000 2.65%
Onpath Fed Cr Union 68283MAG1 9115/2022 60Mos 9115/2027 $ 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 8116/2022 60Mos 8/16/2027 $ 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 60Mos 7117/2025 $ 250,000 $ 250,000 0 .50%
Raymond James Bank 75472RAN1 11/26/2019 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 11116/2019 60Mos 10/16/2024 $ 250,000 $ 250,000 1.90%
Sawyers Svgs Bank 805508BT4 10/28/2022 60Mos 10/28/2027 $ 250,000 $ 250,000 4.90%
Sharonview Fed Cr Union 819866BM5 8115/2022 36Mos 8115/2025 $ 250,000 $ 250,000 3.40%
Southwest 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%
Stening 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 $ 250,000 060%
Texas Exchange Bank 88241TJN1 11/25/2020 60Mos 11/25/2025 $ 250,000 $ 250,000 0.60%
Texas Exchange Bank 88241TJR2 12/18/2020 60Mos 12/18/2025 s 250,000 $ 250,000 060%
Texas Excange BK SSB 88241TNV8 8/16/2022 51 Mos 11116/2026 $ 250,000 $ 250,000 3.60%
The Dist Cr Un 88340AAC5 12/22/2022 36 Mos 12/22/2025 $ 250,000 $ 250,000 5.25%
Toyota Financial Svgs Bank 89235MLE9 7/29/2021 60 Mos 7/29/2026 $ 250,000 $ 250,000 0.95%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7119/2027 $ 250,000 $ 250,000 340%
UBS Bank USA 90348JN30 6/24/2021 36 Mos 6/24/2024 $ 250,000 $ 250,000 0.35%
United Bankers Bank 909557JP6 12/16/2021 56 Mos 8117/2026 $ 250,000 $ 250,000 1.00%
Valley Strong Cr Union 920133AJ4 12/14/2022 24 Mos 12/13/2024 $ 250,000 $ 250,000 5.10%
Vision Bank of Iowa 92834CCL4 11/29/2019 72 Mos 11/29/2024 $ 250,000 $ 250,000 1.75%
Wells Fargo Nari Bank
West 949495AQ8 1/17/2020 36Mos 1/17/2023 $ 250,000 $ 250,000 1.90%
Workers Credit Union 98138MAT7 9/29/2022 60 Mos 9/29/2027 $ 250,000 $ 250,000 4.57%
Treasury-Bank of New York(Vining Sparks) United States Treas 912828S35 9112/2019 45 Mos 6/30/2023 $ 1,000,000 $ 1,000,000 1.38%
United States Treas 912828XZ8 6/30/2020 60 Mos 6/30/2025 $ 1,000,000 $ 1,000,000 2.75%
United States Treas 91282CBC4 1/12/2021 60 Mos 12/31/2025 $ 2,000,000 $ 2,000,000 0.38%
Fed Farm Credit Bank 3133ELF41 618/2022 60 Mos 6/8/2027 s 1,000,000 $ 1,000,000 0.94%
Fed Farm Credit Bank 3133EMZ21 816/2021 54Mos 416/2026 $ 1,000,000 $ 1,000,000 0.69%
Fed Farm Credit Bank 3133ENYX2 6117/2022 24 Mos 6/17/2024 s 500,000 $ 500,000 3.25%
Fed Farm Credit Bank 3133ENNX4 12/14/2022 26 Mos 2/14/2025 $ 1,052,000 $ 1,052,000 1.67%
Fed Home Loan Bank 3130ASYR4 6/30/2022 36 Mos 8/28/2025 $ 1,000,000 s 1,000,000 4 .08%
T atal Investments $ 87,011,457
Summary : Weighted Return 2.14%
Local Agency Investment Fund (LAIF-CITY) 52 ,139,731.71
Certilicale of Deposit -Malaga Bank 250,000.00
Certilicale of Deposit -Malaga Bank 4,069,725.04
Certilicale of Deposit -Stifel 22,000,000.00
Treasury Bills -Stifel 8,552,000.00
Totallnves-17,011,411.71
A-4
NOTE:
Malaga Bank -CD
5%
(1) L.AJF marl<et values will be
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2022
SUMMARY OF CASH BALANCE BY INSTITUTION
DECEMBER 2022
Stifel -Treasury
9%
Bank of the West
6%
Stifel -Money Market
0%
State of California -LAIF
56%
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, !here are no misstatements of material amounts within this report;
or omissions of material amounts to cause the report to be misleading.
I certify that this report a<:<:urately reflects all City investments and complies with the investment policy of the City
of Rancho Palos Verdes as approved by the City Council. Funt,ermore, 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,
~~
A-5