CC SR 20230718 J - April 2023 Treasury Report
CITY COUNCIL MEETING DATE: 07/18/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the April 2023 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the April 2023 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: Brittany Ruiz, Interim 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
April 2023. 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 over $98 million with over $55 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
4% with Malaga Bank. Additionally, the investments under the City’s brokerage firm Stifel
includes Certificates of Deposit (CD) investments over $24 million or 25%, Treasury Bills
and Agency Bonds over $8.5 million or 9% of the total cash balance, and a money market
account at approximately $70,000 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 Bank of America and are FDIC-insured.
1
In summary, the City’s General Fund has approximately $33 million or 34% in the cash
balance, and the Capital Infrastructure Program (CIP) Fund has over $37 million or 38%
in cash balance. The remaining cash balances are in the Equipment Replacement Fund
with over $3 million or 3%, over $2 million or 3% in the 1911 Act Fund, over $0.2 million
or less than 1% in the Habitat Restoration Fund, over $0.3 million or 1% in the Quimby
Fund, and over $21 million or 22% in Other Restricted Funds.
In accordance with the City’s Investment Policy, the monthly report of cash balances shall
state its relationship to the Investment Policy by indicating each and every instance of
divergence from the policy. As of April 2023, the City held Government Agenc y
Sponsored Agency Bonds with a face amount of $1 million and current maturity of 49
months. The City’s adopted Investment Policy allows for a maximum maturity of 36
months.
The City’s cash balance increased by approximately $10 million compared to the April
2022 balance. The increase was in addition to previously reported in the prior month’s
report, which included the significant fund from second payment of American Rescue Plan
Act of $4.9 million received in July 2022 and $8 million from Bank of the West for the
partial funding of the Ladera Linda Community Park Project in April 2022.
Additionally, while comparing the balance in March 2023, the City’s cash balance
increased by $3 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, Coastal Iron Works for the Rattlesnake
Trailhead Fence and Gate project, CT&C Concrete for curb construction for the
Americans with Disabilities Act (ADA) ramp project, the Los Angeles County Sheriff’s
Department for law enforcement services, Stay Green for landscaping services, and
Transtech Engineers for the Western Avenue Beautification Project. All expenditures
were disbursed in accordance with the Fiscal Year 2022-23 budget.
2
BEGINNING BAlANCE I
PLUS. DEPOSITS
PLUS. INTEREST EARNINGS(1)
LESS: CHECK DISBURSEMENT~
LESS· EL ECTRONIC DISBURSEMENTS(2)
AOJUSTME NTS(3)
PLUS: TRANSFERS IN
LESS TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest 1s pa id quane
(2) Electronic Disbursements:
Payroll
Payroll ChargH
Bank and Merchaot Fees
Bank of the Weat
Ope-rating
2 ,923 972 61
5 ,727,591 34
(2 ,197,263.52)
(754,454.73)
(4,386.48)
2,000.000.00
(2 200,000.00)
5,495,459.22
395,413.90
249,591.25
109.449.58
754,454 73
(3) The net adjustment was due to a void check and misct!!ll aneous adjustment.
CITY OF RANCHO PALOS VERDES
MOIIITHL Y TREASURER'S REPORT
APRJL 2023
Malag• Bank
Non.N~ottabkl Stlfei
Petty Cash LAIF-C1TY co Money Market
5 .000 .00 54,921,633.95 4,339,378 75 42,558.52
369.454 19 6 748 96
27.290.!l-l
5 ,000 00 55.291 ,088.14 4 ,346,127.71 69,849,46
APRIL 2023 CASH BALANCE BY MAJOR FUNDS
0% 0%
Stifel
lnv.slment TotalC.ash
32,798,000.00 95,030 ,543.83
5 ,727,591 34
376,203.15
(2 . 197 .263 52)
(754,454 73)
249 000 00 271,904 46
2,000,000 00
(2,200,000 00)
33,047 ,000.00 98,254.524.53
■GENERAL FUND 34%
■CI P 38%
■ EQUIPMENT REPLACEMENT 3%
■ 1911 ACT 3%
C HABITAT RESTORATION 0%
Cl QU IMBY 0%
Cl OTHER RESTRICTED FUNDS 22%
A-1
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
APRIL 2023
Chance In Chance In
I BALANCE Endino Cash Endma Cash
CASH BALANCES BY FUND I FORWARD DEBIT CREDIT CASH Balance Bala nce in%
Unrestricted I
GENERAL FUND I 29,913,554.69 12 331,870.30 t,325,095.49 32,990,329.50 3,006,774.81 10%
Restricted b, Council Act,on I
BEAUTIFICATION FUND 0.00 0 .00 0 .00 0 00 0.00 0%
CIP 37,506,402.79 311 ,052.00 493,813.12 37,323,641 .67 (182.761 12) 0%
EQUIPMENT REPLACEMENT 3 ,120.778 37 24.383.36 17,070.02 3, 128,091 7 1 7 ,313.34 0%
BUILDING REPLACEMENT 000 0 .00 000 0 .00 000 0%
EMPLOYEE PENSION P LAN 953.499.63 6,696.44 3,223.03 956,973.04 3 ,473.41 0%
EMPLOYEE BENEFITS I 0 .00 0 .00 0.00 0 .00 000 0%
SulJIOtal 41,580,580.79 342,131.80 514,106.17 41,408,706.42 (171,974.371 0%
Restncted by Law or External Aa&,cies
STREET MAINTENANCE 1,823,523.64 165,4 97 92 63,648 55 1 925,373.01 101 ,849.37 6%
1972 ACT 29,821 .34 238.99 122 19 29,938.14 116.80 0%
EL PRADO 45,601 .56 1,314 89 181 14 46,735.31 1,133 75 2%
CDBG 12,051 .81 224,951 79 237,00360 0.00 (12,051 .81 ) 0%
CDBG-R 0 .00 000 0 .00 000 0 .00 0%
1911 ACT 2 . 154,680.76 259,201.52 3 1 041 .34 2 ,382,840 94 228,160 18 11%
SOLID WASTE 347 100.07 000 0 .00 347.100 07 0 .00 0%
AIR QUALITY MANAGEMENT 59,018.85 33,203.89 24,472.92 67,749 82 8 ,730.97 15%
PROPOSITION C 588,358.34 873.93 11 ,644.27 577,588 00 (10,770.34) -2%
PROPOSITION A 1,931 .368.56 70,810 10 3,629.30 1 998,549.36 67 ,180.80 3%
PUBLIC SAFETY GRANTS 86,304.21 94,021.10 8 ,497.17 17 1,828.14 85,523.93 99%
MEASURER 2 ,379,667 16 1,0 75.25 574.03 2,380,168.38 501 22 0%
MEASURE M 634,496 05 66,880.32 10 ,715.38 690,660.99 56,164.94 9%
HABITAT RES TORATION 236,270 41 5.301 56 62,834 36 178,737.61 (57,532 80 -24%
SU BREGION 1 MAINTENANCE 752,748 5 1 2,150.01 1,191 36 753,707.16 95865 0%
MEASURE A MAINTENANCE 134,639 23 5.98891 6 ,10831 134,519.83 (11940 ) 0 %
ABALONE COVE SEWER DIST~CT 104,525.11 1,197 10 637 13 105,085.08 559.97 1%
RPVTV 0 .00 13,888.87 37,327 76 (23,438.89) (23,438 89 0%
GINSBURG CULTURE ARTS BUILDING 0 .00 0.00 000 0 .00 0 00 0%
DONOR RESTRICTED CONTRIB.UTIONS 835,561.92 0.00 000 835,561.92 0 .00 0%
FEDERAL GRANTS 0 00 6 ,723.36 4,177 85 2 ,545.51 2,545.51 0%
STATE GRANTS 1,486,453.64 2 ,235.45 2,293 30 1,486,395.79 (57.85 100%
FEDERAL GRANTS-ARPA 5,973,664.34 49,040 80 35,42 1.86 5.987,283.28 13,618.94 0%
QUIMBY 385,465.20 4 ,062 56 19,591 97 369,935.79 (1 5,529.41 ) -4%
LOW-MODERATE INCOME HOUSING 378,615.0 7 2 ,801 15 1,31825 380,097 97 1,482 .90 0%
AFFORDABLE HSNG IN LIEU 876,394.50 7 ,023 39 3 590.87 879,827 02 3,432.52 0%
EET 88,421 .22 4 ,698 35 5,197 03 87,922.54 (49868) -1%
MEASURE A CAPITAL I 0 .00 000 000 000 0 .00 0%
BIKEWAYS I 0 .00 000 000 000 0 .00 0%
UNDERGROUND UTILITIES 0.00 000 0 .00 0.00 0.00 0%
ROADWAY BEAUTIFICATION 000 0 .00 0 .00 000 0.00 0%
MEASUREW 1,042 424.42 7,744.95 40,397 65 1,009,771 72 (32,652.701 -3%
WATER QUALITY FLOOD PROllECTION 0.00 0 00 0 00 000 0 .00 0%
REDEVELOPMENT OBLIGATIOij RETIRE 17,797 39 1,307 93 1,238.22 17,867 10 69.7 1 0%
IM PROVEMENT DISTRICT 9 000 000 0 .00 000 0.00 0%
SPECIAL TRUSTS 1,061 .335.04 29,487 00 59,685.02 1,031,13702 (30 198.02) ~3%
SL.tlt0tal 23,-466,308.35 1,061,721 09 672,54083 23,855,488.61 389,l!Kl.26 2%
GRAND TOTAL 15,030,543.13 13,736,723.19 10,511,742.49 98,264,524.53 3,223,910.70 3%
Total Investment: 98,254,524.53
A-2
CITY OF RANCHO PALOS VERDES
MONT HLY INVESTMENT REPORT
APRIL 2023
laa.ue, of AcqL>l•ltk>n Maturity Market Book
ln11estment lm•••tme nt CUSIP• Date hrm Oat11t Value Value Yield
Local Agency Investment Fund (LAIF• 1TY) State or California NIA NIA On Demand 55,291,088 $ 55,291,088 2 87%
Nole (i)
CO -Non-Negotiable ,._.alaga Bank 2118/2023 6 Mos 2121 12024 $ 250,000 250,000 •ao"
CD • tltcn-Negotiablti Malaga Bank 2118/2023 IS Mos 212112024 4 ,096,128 4 ,096 128 •oo¾
CO -Bank of Amencs -Shrel (Non-Ne oliable) A+ Fed Credit Unkm Austin 00224TAB2 612912022 60 Mos 6129/2027 250,000 s 250,000 3 .55%
Alasll.e USA Fed Ce Un 01 1852AH3 3/2212023 l6 Mos 3/2312026 250,000 $ 250,000 515,.
American Expr Nall Bank 02589ABM3 313/2022 36 Mos 3/312025 250,000 250,000 1 80%
American Fi~I Cr Un 02616ABX6 3/30/2023 36Mo• 31J0/2026 $ 250,000 250,000 5.05%
Ar~nal Cff<:1It Un1ori 042681J,A6 1/20/2024 12 Ivies 112112025 $ 250,000 250,000 5.10%
Auburn Slate Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 $ 250.000 250,000 2 10%
At.iSM Tl!IW:0 F•d Cr Umor, 052392BN6 9121/2022 24 Mos 9/2012024 $ 250,000 250,000 370%
AXOS Bonk 05465DAK4 3/28/2020 48 Mos 3/2612024 s 250,000 250,000 1 65%
BMW Bank of Northam
America 05580AB45 7123/2021 36 Mos 7/2312024 s 250,000 250,000 050%
eank of Baroda 06063HMT7 712212020 60 Mos 7/2212025 250,000 250,000 0 65%
Bank Forward 062163BN9 12128/2019 60 Mos 12118/2024 250,000 s 250,000 175 ..
Bank Hapoalim 06251A202 12/1412020 60 Mos 12125/2025 250,000 $ 250,000 050%
8ankl!IB Ban~ 06610RBL2 411312022 42 ~05 10/1412025 $ 250,000 s 250,000 2 .05%
Bank Nevi,:,ort Rhode 06647JAV6 8/312022 46 Mos 81312026 $ 250,000 s 250,000 350%
Bankuoited 066519QK8 315/2021 60Mos. 31512026 250,000 250,000 OM%
Bax'ler Credit Union 07161JABO 6/2312022 36Mos. 6123/2025 250,000 250,000 3 10o/.
Baycoasl Bank 072727AZ3 1/24.'2020 60Mo5 112412025 250,000 250,000 1.70%
Beal Bank USA 07371CK32 319/2022 ,e Yos. 31412026 s 250 000 250,000 1.90%
Cal,fomai Credi! Union 130162AK6 3/2512023 7Mo5 1012512023 s 250 000 250,000 4 .50%
Capital One 14042RQBO 111171202 1 60 M,05, 11/1712026 s 250,000 250,000 110%
capital One 1◄042RQSJ 412Cll2022 60 Mos 4120/2027 s 250 000 250,000 280%
Celtic Sank 15118RUX3 411712020 60 Mos 411712025 $ 250.000 250,000 150¾
Chtef F,nl Fed Cr Un
Rochester 16863LAB1 7129/2022 60 Mos 712912027 $ 2 50,000 250,000 350¾
Chief Fini FeO Cr Un
Roctlester 16863LAE5 1011212022 3i6 Mos 1(1/14/2025 250,000 s 250,000 460¾
Coa,mre Cred!I Union 190$8LABO 2113/2023 l6 Mos 2112/2026 250,000 $ 250,000 465¾
Comenily Capital Bank 20033A31\2 ◄/1 412022 60 Mos 4/14,'2027 $ 250,000 250,000 2M¾
Commumty We:sl Cr Un 20416JAC8 12/2312022 30 Mos 6/2312025 $ 250,000 s 250,000 500%
CommunilywiOe FCU 20416TAV4 12/812022 J6 Mos 1218/2025 $ 250,000 $ 250,000 500%
Connecione Bank 207116ADL6 9124/2021 60 Mos 9127/2026 $ 250,000 $ 250,000 0 .80%
Conne,:us Credit Union 20825WAT7 5126/2022 36 Mos 5127/2025 $ 250,000 $ 250,000 3 .00%
County School FCU 2225&.JAB7 2/2212023 55 Mo• 9r.l0/2027 $ 249,000 $ 249,000 4.40%
Credit Un of Tex All-en 22551KAB6 7/22/2022 36 M,05, 712212025 s 250,000 s 250,000 3 30%
Dart Bk Mason 237412ASO 8/2112022 42 M,05 1212212025 $ 250.000 $ 250,000 3 10%
Discover Ban k 2~73B70 4/27/2022 36 Mos 412812025 $ 250,000 $ 250,000 280%
Oort F,nancfa1 Cr Union 25844MADO 1012612022 2◄ Mos 10/2812024 $ 250 000 $ 250,000 460%
Eaglernar11: Savings Bank 27004PCM3 31212022 60 Mos 31212027 s 250 000 s 250,000 200%
EvansY1lle Teachers FCU 299547BC2 21612023 12 Mos 21512024 $ 249 000 $ 249.000 3 30'¥,
Farmers Ins. Group FCU 309600AM9 111/2023 13 Mos 1118/2024 s 250 000 $ 250,000 500%
Farmers&Merdlants Bank 30781 IDPl 111412022 60Mos 1/1412027 $ 250,000 $ 250,000 120¾
F a,mers Stale Bannk 310567AG7 11/1412022 l6 Mos 11 /1412025 s 250,000 s 250,000 5 .00%
Firsl Bank Blue Earth 32114MAY3 1(112112022 30 Mos 4/2112025 250,000 250 000 '45%
Firsl Federal S&L 32022EAW6 1212912021 60 Mos 12/29/2026 250.000 250,000 105%
First Nal'I Bank 32110YXG5 8/2412022 60 Mos 8/2412027 250,000 250,000 3.25%
First Natl Bank/DAMA 32117BEQ7 12130/2021 60 Mos 12/30/2026 250,000 250,000 125%
Flushing Bank 34367AFF1 11/412022 36 Mos 1114/2025 250,000 s 250,000 4 70%
Foor P1s FCU Omaha 35089LA05 6/2912022 60 Mo5, 6/2912027 250,000 $ 250,000 HO¾
Generations Sank 37149CAX5 5/1212022 60 Mos 511212027 250,000 s 250.000 3.10%
GHS Fed Credit Umon 36266LAA4 9115/2022 60 Mos 911512027 250,000 s 250,000 3.80%
Gree:nslate Credit Union 39573LDC9 1/26/2023 27 Mos 4/2912025 s 249,000 249,000 2 .65%
lntercredit Sank NA 456657MC4 113112022 60 Mos 1!29,'2027 s 250.000 250,000 135%
Insight Credit Union 45791JACO 2127/2023 24 Mos 2/2412025 $ 250,000 250,000 5.10%
JP ~organ Chase Bank 48128UW<4 9130/2020 SO Mos 913012025 s 250,000 s 250.000 050%
Kemba Finl Cred,I Union 48636LAN2 9121/2022 60 Mos 9/2112027 s 250,000 $ 250,000 410%
Lebanon FCU PA 5224BLAB2 8/412022 60 Mos 81412027 250,000 $ 250,000 3 .55%
lwe Oak Bankin1g 538036UG7 2/112022 48 Mos 21212026 250,000 $ 250,000 1.25%
Magnolia Bank 559$82AL5 1(1130/2020 Soll Mos 4130/2025 250,000 $ 250,000 0 .40%
Malaga Bank FSB 56102AAJ5 512912020 60 Mos 5129/2025 250,000 $ 250,000 0 70¾
A-3
CITY OF RANCHO PALOS VERDES
MO NTHLY TREASURER'S REPORT
APRIL 2023
l••utH of Acquisition Mlllurity Market Book
l nvaslme-nt lnve•tmetnl CUSlPI Oat. T•rm Oat. \l.alua Value Yield
Marhn us,ness ank 116ATMD 1115/2020 SO Mos 111512025 s 250 000 s 250,000 1 75¾
Mineola Community Bank 60273NAB9 1119/2022 60 Mos 11 /9/2027 250,000 250,000 510¾
Morga n Slanley Bk 6169DUK82 612/2022 36 Mos 61212025 250,000 250,DDD 305%
Morgan S1anley PVT Bank 61760AZ51 9119/2019 ◄8Mos 9/19/202 3 250,000 s 250.000 1.85¾
Mountain Amer Fed CR UN 62384RALO 8/3112022 Jf.lMos 6/29/2025 250,000 $ 250.000 3 .50%
Nat'I Bank of Commeree 63J368FJ9 111912022 60Mos 1/19/2027 250,000 250,000 115%
New York Commumty Bank 649"47 UP2 6/312021 36 Mos 6/J.12024 $ 250 000 250 ,000 035%
Nume rica c~,t Union 6705-INBAO 111412022 24 "-'OS 11/412024 $ 250.000 250,000 485%
Oklahoma Fed Credit Union 67886WAB3 11122/2022 24 Mos '112212024 5 250,000 s 250,000 500%
Old Dominion Nat;I Bank 679585""22 112012022 60Mo1o 112012027 5 250,000 s 250,DDD 115¾
O.d Mission Bank 6S002LCP-16 .,2912022 ~Mos ID/2912026 250,000 s 250 000 2 65%
Onpath Fed Cr Umon 68283M AG1 9/1512022 60Mos 9/1512027 250,000 $ 250.000 380¾
P.aor,c West ern Barik 69506YWM7 3/712023 60 Mos Jl712028 250,000 250.000 5.15%
Pathfinder Bank 70320KBR1 113112022 60 Mos 1129/2027 250,000 250,000 120,.
Piltsburgh City HGIII 72500MM3 8/1612022 60 Mos 8/1612027 250,000 250,000 3.60%
Popular B.a nk 73317AAY8 4/1312022 36Mos 411412025 250,000 250,000 2 .45%
Prefem!ld Bank LA 740367MA2 711712020 60Mos 711712025 $ 250.000 250,000 o.so•k
RG1ymond James Bank 75'472RAN1 1112612019 60 ...,. 11/2612024 $ 250.000 250,000 1 85%
Rogue Cted1I Unton 77535M AL7 1/20/2023 48 '-405 112012027 s 250.000 250,000 5 05%
Saco&BiddefOrd$ $avs. 78577THR9 7/21/2022 60 Mos 712112027 $ 250.000 250,000 3.45%
Sallie Mie Bank/Salt Lake 795'450'4P7 1011612019 60Mos 10/1612024 $ 250,000 s 250,000 1 90%
Sawyers Svgs Bank 8 05508BT4 1012812022 60 Mos 10/2812027 250,000 s 250,000 490%
Stiaronv1ew Fed Cr Union 819866BM5 811512022 36MM 8/1512025 250 ,000 s 250,000 3 40%
Soulhwesl Finl Fed Cr Un 84◄a5EAJ6 912112022 60 Mos 9/2112027 250,000 $ 250,000 3 80o/t
Stale Bank of IMla 856285RS2 1112712019 72 Mos 1112712024 s 250,000 250,000 2 .05¾
S1erlong Bank POP BL MO 85916VDIS2 9118120 19 48 Mos 9/18/2023 s 250,000 250,000 165%
Texa!. Exchange Bank 88241T JJD 10/2312020 60 Mos 10/23/2025 s 250,000 250,000 060%
Texas Exchange Bank 8a.24 1TJ N 1 11/2512020 60 Mos 1 1/2512025 s 250,000 250,000 0 .60%
Texas Exchange Bank 88241T JR2 12/18/2020 60 Mos 1211812025 $ 250,000 250,000 0 ,60%
Texa.s Excang~ SK SSB 88241TISVB 61512022 51 Mo5-1111612026 s 250,000 250,000 3.60%
The OiSI Ct Un 88340AAC5 12/2212022 36 Mos 1212212025 250,000 250,000 5.25%
Tayotil Fmanoa.1 Svgs Bank 89235M LE9 7/2!112021 60 '-'o-s 712912026 $ 250.000 s 250.000 095%
Trul~nt Fed Cr Un 89789AAE7 3/10/2023 30 Mos 911012025 $ 250 000 $ 250,000 505%
Trustone Finl Cr Un 89841M A F4 7119/2022 60 Mos 7119/2027 $ 250,000 $ 250,000 340%
UBS Bank USA 90348JN30 6124/2021 36 Mos 612412024 $ 250,000 s 250,000 035¾
University Credd Union 914242AAD 212112023 31 Mos 9/2612025 249,000 s 249.DDD 400¾
United Bankers Bank 909557JP6 1211612021 56 Mo:1 8/1712026 250,000 $ 250.000 1 00%
Valley St rong Cr un,on 920133AJ4 12/1412022 24Mos 12/13/2024 250,000 $ 250.000 5 10%
Vision Bank of Iowa 92B34CCL4 1112912019 72 Mos 11129/2024 250,000 $ 250,000 1.75¾
Workers Ctedi1 Un.On 98138M AT7 9/2912022 60 Mos 9129/2027 250,000 $ 250.000 • 50%
Wort.el"S Credit Un.on 98138MAM2 4/1712023 22 Mos 2128/2025 249,000 $ 249,000 1 49¾
Treasury-Bank o f New Yol"k(V1n1n9 S a'1<s) United Sta tH Treas 912828S35 !111212019 46 Mos 613012023 1,000,000 1,000,000 1 3e.,.
United St ates Treas 912828XZ8 6130/2020 60 Mos 613012025 1,000 000 s 1,000.000 275%
Unit ed St.ates Tr'&as 91282CBC4 1/1212021 60 "910$ 12/3112025 2 .000 000 2,000,000 038%
Agency Bond~ Fed Farm Credit Bank 3133ELF41 616/2022 60 Mos 8/812027 1,000,000 1.000.000 0"4%
Fed F' arm Credit Bank 313JEMZ21 816/2021 5-4 Mos 4/6.'2026 ,.000,000 1.000.000 0693/o
Fed Farm Credit Bank J13JeNYX2 6/1712022 24 Mos 611712024 500,000 500.000 3.25%
Fed Farm C red,t Bank 3133ENNX4 1211512022 26 Mo5 2114'2025 s 1.052,000 1.052,000 167¾
Fed Home Loan Bank 3130ASYR4 813012022 J6 Mo5 8/28/2025 s 1.000,000 1,DDD.000 •00%
T-lmHl-nb ' 12,-.z1,
Summ.ary· Weighted R.etum 2 .8 1%
Local Agency Investment Fund {LAIF CITY) 55 291,088.14
C&r1.1fi-ca1e of Deposit -Malaga Bank 250,000 OD
Cer11fica1e of Deposit • Malaga Ban k 4 ,096,127 71
Certrtica1e of Deposit • S tif el 24,495,000.00
Treasury Bills -Sllfel 8 ,552,000.00
TOlallnve--1:UM,2!5.6!!
BOW balance 5,495,459.22
P.,,,.C .. h 5 ,000.00
St1fll money matbt: 69,849.46
T oUII cash & •nve5tm ent 98,2r.4,524.53
T o1al CHh & mvest me nt from abOve 98.25-4,52•.53
A-4
NO-re:
Malaga Bank · CO
4"
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURtaR'S REPORT
APRIL 2023
SUMMARY OF CASH BALANCE BY INSTITUTION
APRIL 2023
Stifel• Treasury
9"
Bank of the west
6%
Stifel -Money M arket
°"
(i) LAIF mltket vtilues wal be re &cl to vary from bOOk value if the City cak:ulatfl<I !ha,. of total LAIF a!isets 11 "H tnan the City book v,1ue
To the best 04 my knOwi,edge, there are no mcs.st.atetMnts of malen.al amourils wrthn this report,
Of' OITNHIOnS of malonal amoums lo cauae the repor1 to be m1$1eaGing
I oertrty that 1h1s ,.Port aca,rat~ ren.cts all Cdy inve,lmentt and compltes with tne investment ,ollc:y of 1ne City
ol Rancho Palos Verdes a, ~oved by th• Cily ~ FUl'1heffl'l,ore, l cert1ry lhl't suffioenl l'\VHlment liqulddy
and 1nticapated ,...,enuet..,. available to mffl the <:.Jt,js •~ncMvre requirements. for t"4II next ~x mon1h1
Respectfuly subm,1ted,
~'P1 ~ ~ 7 /" / l2
Tr11surer Dated
A-5