CC SR 20230207 E - City Nov 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 November 2022 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the November 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
November 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 $91 million with over $53
million or 59% of the total cash balance in the Local Agency Investment Fund (LAIF). The
City has over $4 million or 5% 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 $21.25 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 $227,000 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 $26 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
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, approximately
$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 $19.3 million compared to the November 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 $1.5 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, October 2022, the City’s cash balance
increased by $0.7 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, Express Sign and Neon for the City entry
and City park monument signage, Griffin Structures for Ladera Linda construction project,
GTS for Miraleste Drive traffic calming project, Hout Construction Services for the
Portuguese Bend Landslide project, Palos Verdes Peninsula Land Conservancy for the
Forrestal Reserve entry signage, Stay Green for the City’s landscape project, Vigilant
Solutions for the purchase and maintenance of the solar automated license plate reader
(ALPR) trailers, and West Coast Arborist for the tree trimming 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 Merchant Fees
Bank or the West
Opetating
2,370,626.45
2.465, 168.86
(1,365,335.96)
(642 ,595.40)
(7,369.24)
2,031,849.72
(710,000.00)
4 , 142,344 43
382 ,421 .30
247,640.99
12,533.11
642,595.40
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2022
Ma'-a• Bank
Non~otiable Stifel
Potty Cooh UIF.crTY CD MonayMarbl
5 ,000.00 55,139,731 .71 4 ,319,725.04 287,062.05
(59,796.86)
(2,000,000 00)
5,000.00 53,139 731.71 4,319,725.04 227,26519
(3) The net adjustment was due a void check and miscellaneous adjustment.
NOVEMBER 2022 CASH BALANCE BY MAJOR FUNDS
0%1%
Stifel
lnvestment T-ICuh
27,750,000.00 89,872,145.25
2,465,168.86
(1,365,335.96)
(642,595.40)
1,000,000.00 932,833.90
2,031,849.72
(2,710,000.00)
28,750,000.00 90,584,066.37
■GENERAL FUND 29%
■CIP 43%
■EQUIPMENT REPLACEMENT 3%
■1911 ACT2%
CHABITAT RESTORATION 0%
■QUIMBY 1%
■OTHER RESTRICTED FUNDS 22%
A-1
CASH BALANCES BY FUND
Unrestricted
FUND I
Restricted by Council Action
BEAUTIFICATION FUND
CIP
EQUIPMENT REPLACEMENT
BUILDING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
SublDlal f
Restricted by Law or External Agencies
STREET MAINTENANCE
1972 ACT
EL PRADO
CDBG
CDBG-R
1911 ACT
SOLID 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 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 OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS -I
GRAND TOTAi.. I
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVE MBER 2022
BALANCE
FORWARD DEBIT CREDIT
21-2M.444.N 7 200 485.02 6,211 594.76
0 .00 0.00 000
39,267,099.12 748,704.23 981 ,737 81
2 ,963,018 .60 0 .00 0 .00
0.00 0 .00 0 .00
746 ,901.87 0 .00 0 .00
0 .00 0 .00 0 .00
42,t7701U9 741704.23 981 ,737.81
1,332 ,252 .20 202 ,029.07 35 ,980.41
29 ,579 .28 0.00 0.00
43 ,398 .98 914.42 863 .71
15,758 .31 10,000 .00 15,630.00
0.00 0 .00 0 .00
1,873 ,913.14 51,483 .99 65 ,709 .47
404 ,485.62 12,683.81 40,951.62
132,085.71 0 .00 0 .00
902,549.35 91 ,048 .53 32 ,167.23
1,837 ,870.48 128,331 .30 35 ,330 .39
125,734 .17 39 ,158 .41 2 ,692.62
2,087 ,006 .80 37,913 .59 41 ,131.09
631,447 .05 10,716.64 44,761 .66
288 ,406.96 0 .00 0.00
740 ,958.00 15,101.70 19,054.26
158,403.65 0 .00 0 .00
110,864.45 3,308 .31 4 ,845.03
0 .00 0 .00 0 .00
0 .00 0 .00 0.00
828,930.39 22 ,262.15 16,71 9 .68
0 .00 0 .00 0 .00
138,977.03 0 .00 92 ,062.64
6,284,246.40 93,085 .17 271,466.95
602,455.20 14,831.41 35 ,482.16
319 ,122.79 5,782 .90 5,782 .90
869 ,280.86 0.00 0.00
109,348 .91 0.00 0.00
0.00 0.00 0 .00
0 .00 0 .00 0 .00
0 ,00 0 .00 0 .00
0 .00 0 .00 0.00
643,590 .87 16,297 .67 30,979.42
0 .00 0.00 0.00
299,748.41 0 .00 0.00
0.00 0.00 0.00
838,265.69 19 ,419.00 21 ,672 .39
21 048 880. 70 774368.07 813 283.83
89,872,1 45.25 8,723,537.32 8,011,616.20
Total Investme nt:
Change In Change In
Endino Cash Endino Cash
CASH Balance Balance in%
26 230 315.22 913170.26 '4%
0 .00 0 .00 0%
39 ,034 ,065 .54 {233,033 .58 -1%
2 ,963 ,018 .60 0 .00 0%
0.00 0 .00 0%
746 ,901.87 0 .00 0%
0 .00 0 .00 0%
42743,916.01 (233,033.58 -1%
1,498 ,300 .86 166,048 .66 12%
29 ,579.28 0 .00 0%
43,449.69 50 .71 0%
10 ,128.31 (5,630.00) -36%
0 .00 0 .00 0%
1,859 ,687.66 (14 ,225.48 -1 %
376 ,217.81 (28,267 .81 -7%
132,085 .71 0 .00 0%
961,430.65 58,881 .30 7%
1,930,871 .39 93 ,000.91 5%
162,199 .96 36,465 .79 29%
2,083 ,789 .30 (3 ,217 .50 0%
597.402 .03 (34,045 02 -5%
288,406.96 0.00 0%
737,005.44 (3 ,952 .56) -1%
158,403.65 0 .00 0%
109,327.73 (1,536 .72) -1%
0 .00 0 .00 0%
0 .00 0 .00 0%
834,472.86 5 ,542.47 1%
0 .00 0 .00 0%
46,914.39 (92 ,062 .64) -66%
6 ,105,864 .62 {178,381.78 -3%
581 ,804 .45 (20 ,650.75 -3%
319,122.79 0 .00 0%
869 ,280.86 0 .00 0%
109,348 .91 0 .00 0%
0.00 0 .00 0%
0 .00 0 .00 0%
0 .00 0 .00 0%
0 .00 0 ,00 0%
628 ,909.12 (14 ,681.75 -2%
0 .00 0.00 0%
299 ,748 .41 0 .00 0%
0.00 0 .00 0%
836 ,012.30 (2 ,253 .39 0%
21809785.14 138,915.561 °"' 90,584,066.37 711,921.12 1%
90,584,066.37
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
NOVEMBER 2022
Issuer of Acquisition Maturity Market Book
Investment Investment C USIP# Date Torm Date Value Value Yillld
Local Agency lnvesbnent Fund (LAIF-CITY) State of California NIA NIA On Demand $ 53,139,732 $ 53,139,732 2.01%
Note(1)
CD • Non-Negotiable Malaga Bank 2/23/2022 6Mos 2/18/2023 $ 250,000 $ 250,000 1.25%
CD -Non-Negotiable Malaga Bank 2/23/2022 6Mos 2118/2023 $ 4,069,725 $ 4,069,725 1.25%
CD -Bank of America -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 6/29/2022 60Mos 6129/2027 $ 250,000 $ 250,000 3.55%
American Expr Natl Bank 02589ABM3 3/3/2022 36 Mos 3/3/2025 $ 250,000 $ 250,000 1.80%
Auburn State Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 $ 250,000 $ 250,000 2.10%
Austin Telco Fed Cr Union 052392BN6 9/20/2022 24Mos 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 0.50%
Bank of Baroda 06063HMT7 7/22/2020 60 Mos 7/22/2025 $ 250,000 $ 250,000 0.65%
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 12118/2024 $ 250,000 $ 250,000 1.75%
Bank Hapoalim 06251A2O2 12/14/2020 60Mos 12/25/2025 $ 250,000 $ 250,000 0.50%
Bankers Bank 06610RBL2 4/14/2022 42Mos 10114/2025 $ 250,000 $ 250,000 2.05%
Bank Newport Rhode 06647JAV6 8/3/2022 48 Mos 8/3/2026 $ 250,000 $ 250,000 3.50%
Bankunited 066519QK8 3/5/2021 60Mos 315/2026 $ 250,000 $ 250,000 0.65%
Baxter Credit Union 07181JABO 6/23/2022 36 Mos 6/23/2025 $ 250,000 $ 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 314/2022 48 Mos 314/2026 $ 250,000 $ 250,000 1.90%
Capital One 14042RQB0 11/30/2021 60Mos 11117/2026 $ 250,000 $ 250,000 1.10%
CapijalOne 14042RQS3 4/20/2022 60Mos 4/20/2027 $ 250,000 $ 250,000 2.80%
Celtic Bank 15118RUX3 4117/2020 60Mos 4117/2025 $ 250,000 $ 250,000 1.50%
Chief Finl Fed Cr Un
Rochester 16863LAB1 7/29/2022 60 Mos 7/29/2027 $ 250,000 $ 250,000 3.50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10114/2022 36Mos 10114/2025 $ 250,000 $ 250,000 4.62%
Comenijy Capital Bank 20033A3A2 4114/2022 60Mos 4/14/2027 $ 250,000 $ 250,000 2.65%
Communitywide FCU 20416TAV4 12/8/2022 36 Mos 12/8/2025 $ 250,000 $ 250,000 5.00%
Connectone Bank 20786ADL6 9/24/2021 60Mos 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 3.00%
Credij Un of Tex Allen 22551KAB8 7/22/2022 36 Mos 7/22/2025 $ 250,000 $ 250,000 3.30%
Dart Bk Mason 237412AS0 6/22/2022 42 Mos 12/22/2025 $ 250,000 $ 250,000 3.10%
Discover Bank 254673870 4/28/2022 36Mos 4/28/2025 $ 250,000 $ 250,000 2.80%
Dort Financial Cr Union 25844MADO 10/28/2022 24Mos 10/28/2024 $ 250,000 $ 250,000 4.63%
Eaglebank 27002YET9 1/17/2020 36 Mos 1117/2023 $ 250,000 $ 250,000 1.70%
Eagleman< Savings Bank 27004PCM3 3/2/2022 60 Mos 3/2/2027 $ 250,000 $ 250,000 2.00%
Fanners&Merchants Bank 307811DP1 1114/2022 60 Mos 1114/2027 $ 250,000 $ 250,000 1.20%
Fanners State Bannk 310567AG7 11114/2022 36 Mos 11114/2025 $ 250,000 $ 250,000 4.99%
First Bank Blue Earth 32114MAY3 10/21/2022 30Mos 4/21/2025 $ 250,000 $ 250,000 4.48%
First Federal S&L 32022EAW6 12/29/2021 60Mos 12/29/2026 $ 250,000 $ 250,000 1.05%
First Nat'I Bank 32110YXG5 6/27/2022 60Mos 6/24/2027 $ 250,000 $ 250,000 3.25%
First Natl Bank/DAMA 32117BEQ7 12/30/2021 60Mos 12/30/2026 $ 250,000 $ 250,000 1.25%
Flushing Bank 34387AFF1 1114/2022 36 Mos 1114/2025 $ 250,000 $ 250,000 4.73%
Four P!s FCU Omaha 35089LAD5 6/29/2022 60 Mos 6/29/2027 $ 250,000 $ 250,000 3.40%
Generations Bank 37149CAX5 5112/2022 60Mos 5112/2027 $ 250,000 $ 250,000 3.10%
GHS Fed Credij Union 36266LAA4 9115/2022 60Mos 9115/2027 $ 250,000 $ 250,000 3.80%
lntercredit Bank NA 458657MC4 1/20/2022 60Mos 1/29/2027 $ 250,000 $ 250,000 1.35%
JP Morgan Chase Bank 48128UMX4 9/30/2020 60Mos 9/30/2025 $ 250,000 $ 250,000 0.30%
Kemba Finl Credij Union 48836LAN2 9/21/2022 60 Mos 9/21/2027 $ 250,000 $ 250,000 4.10%
LCA Bank Corp 501798LK6 1112/2018 60 Mos 1112/2023 $ 250,000 $ 250,000 2.35%
Lebanon FCU PA 52248LAB2 814/2022 60Mos 814/2027 $ 250.000 $ 250,000 3.55%
Live Oak Bankinig 538036UG7 211/2022 48 Mos 2/2/2026 $ 250,000 $ 250,000 1.25%
Magnolia Bank 559582AL5 10/30/2020 54Mos 4/30/2025 $ 250,000 $ 250,000 0.40%
Malaga Bank FSB 56102AAJ5 5/29/2020 60Mos 5/29/2025 $ 250,000 $ 250,000 0.70%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2022
Issuer of Acquisition Maturity Marice! Book
lnvestn.nt lnvestn.nt CUSIP# D ■te Term Date Value Value Yield
Mar1in Business Bank 57116ATM0 1/15/2020 60 Mos 1/15/2025 $ 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 11/9/2022 11/9/2027 $ 250,000 $ 250,000 5.1()'M,
Morgan Stanley Bk 61690UK82 6/2/2022 36 Mos 6/2/2025 $ 250,000 s 250,000 3.05%
Morgan Stanley PVT Bank 61760AZ51 9/19/2019 48 Mos 9/19/2023 $ 250,000 $ 250,000 1.85%
Mountain Amer Fed CR UN 62384RAL0 8/29/2022 36 Mos 8/29/2025 s 250,000 s 250,000 3.50%
Nari Bank of Commerce 633368FJ9 1/19/2022 60Mos 1/19/2027 s 250,000 s 250,000 1.15%
New York COIM1Ul1ity Bank 649447UP2 6/3/2021 36Mos 613/2024 s 250,000 s 250,000 0.35%
Numerica Credi! Union 67054NBA0 11/4/2022 24 Mos 11/4/2024 s 250,000 s 250,000 4 .86%
Oklahoma Fed Credit Union 67886WAB3 11/22/2022 24 Mos 11/22/2024 s 250,000 $ 250,000 4.99%
Old Dominion Nat;I Bank 679585AZ2 1/20/2022 60 Mos 1/20/2027 s 250,000 s 250,000 1.15%
Old Mission Bank 68002LCN6 4/29/2022 54 Mos 10/29/2026 s 250,000 $ 250,000 2 .65%
Onpath Fed Cr Union 68283MAG1 9/15/2022 60 Mos 9/15/2027 s 250,000 s 250,000 3.80%
Pathfinder Bank 70320KBR1 1/29/2022 60 Mos 1/29/2027 $ 250,000 s 250,000 1.2Q'M,
Pittsburgh City Hall 72500MAA3 8/16/2022 60 Mos 8/16/2027 $ 250,000 s 250,000 3.SQ'M,
Popular Bank 73317AAY8 4/14/2022 36Mos 4/14/2025 $ 250,000 $ 250,000 2.45%
Preferred Bank LA 740367MA2 7/17/2020 60Mos 7/17/2025 $ 250,000 s 250,000 0.50%
Raymond James Bank 75472RAN1 11/26/2019 72 Mos 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 60 Mos 10/16/2024 $ 250,000 s 250,000 1.90%
Sawyers Svgs Bank 805508BT4 10/28/2022 60 Mos 10/28/2027 $ 250,000 s 250,000 4.90%
Sharonview Fed Cr Union 819868BM5 8/15/2022 36 Mos 8/15/2025 $ 250,000 s 250,000 3.40%
Sout!Mest Finl Fed Cr Un 84485EAJ6 9121/2022 60Mos 9/21/2027 s 250,000 s 250,000 3.BO'M,
State Bank of India 856285RS2 11/27/2019 72Mos 11/27/2024 s 250,000 s 250,000 2.05%
Stemng Bank POP BL MO 65916VON2 9/18/2019 48 Mos 9/18/2023 s 250,000 s 250,000 1.65%
Texas Exchange Bank 88241TJJ0 10/23/2020 60 Mos 10/23/2025 $ 250,000 s 250,000 0.SQ'M,
Texas Exchange Bank 88241TJN1 11/25/2020 60Mos 11/25/2025 s 250,000 s 250,000 0.SQ'M,
Texas Exchange Bank 88241TJR2 12/18/2020 60 Mos 12/18/2025 s 250,000 s 250,000 0.60%
Texas Excange BK SSB 88241TNV8 8/16/2022 51 Mos 11/16/2026 $ 250,000 $ 250,000 36()'M,
Toyota Financial Svgs Bank 89235MLE9 7/29/2021 60Mos 7/29/2026 $ 250,000 s 250,000 0.95%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2027 $ 250,000 s 250,000 3.40%
UBS Bank USA 90348JN30 6/24/2021 36 Mos 6/24/2024 $ 250,000 s 250,000 0.35%
United Bankers Bank 909557JP6 12/16/2021 56 Mos 8/17/2026 $ 250,000 $ 250,000 1.00%
VisiOn Bank of Iowa 92834CCL4 11/29/2019 72 Mos 11/29/2024 $ 250,000 $ 250,000 1.75%
Wells Fargo Nari Bank
Wes1 949495AQ8 1/17/2020 36 Mos 1/17/2023 s 250,000 s 250,000 1.90%
Workers Credit Union 98138MAT7 9/2912022 60 Mos 9/29/2027 s 250,000 $ 250,000 4 .57%
Treasury-Bank of New York(Vining Sparks) United States Treas 912628S35 9/12/2019 45Mos 6/30/2023 $ 1,000,000 s 1,000,000 1.38%
United States Treas 912628XZ8 6/30/2020 60Mos 6/30/2025 $ 1,000,000 s 1,000,000 2.75%
United States Treas 91282CBC4 1/12/2021 60 Mos 12/31/2025 s 2 ,000,000 s 2,000,000 0.38%
Fed Farm Credit Bank 3133ELF41 6/8/2022 60 Mos 6/8/2027 s 1,000,000 s 1,000,000 0 .94%
Fed Farm Credit Bank 3133EMZ21 816/2021 54 Mos 416/2026 s 1,000,000 s 1,000,000 0.69%
Fed Farm Credit Bank 3133ENYX2 6/17/2022 24 Mos 6/17/2024 $ 500,000 s 500,000 3.25%
Fed Home Loan Bank 3130ASYR4 8/30/2022 36 Mos 8/28/2025 $ 1,000,000 s 1,000,000 4.08%
Total Investments $N,.209,4$7
Summary: Weighted Return 2.03%
Local Agency Investment Fund (LAIF-CITY) 53,139,731.71
Ce!1ificate al Deposit -Malaga Bank 250,000.00
Celtificate of Deposit-Malaga Bank 4,069,725.04
Certificate of Deposit -Stifel 21,250,000.00
Treasury Bills -Stifel 7,500,000.00
Teal In t I 1111 :Ill .......... 1,
A-4
NOTE:
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2022
SUMMARY OF CASH BALANCE BY INSTITUT ION
NOVEMBER 2022
Stifel -Treasury
8%
Bank of the West
5%
Stifel -Money Market
0%
State of California -LAIF
59%
(1) LAIF market values will be repQl'ted to vary from book value~ 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 material 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. Furthem,ore, 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