CC SR 20230718 K - May 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 May 2023 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the May 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
May 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 approximately $100 million with over $59
million or 59% 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 4% with Malaga Bank. Additionally, the investments under the City’s
brokerage firm Stifel includes Certificates of Deposit (CD) investments approximately $25
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 over $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 $36 million or 36% in the cash
balance, and the Capital Infrastructure Program (CIP) Fund has over $36 million or 36%
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, approximately
$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 May 2023, the City held Government Agency Sponsored
Agency Bonds with a face amount of $1 million and current maturity of 48 months. The
City’s adopted Investment Policy allows for a maximum maturity of 36 months.
The City’s cash balance increased by approximately $7.8 million compared to the May
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 April 2023, the City’s cash balance increased
by $1.7 million, mainly attributed to the timing of billing for general services and
disbursements for City-approved projects. The major disbursements for this month
included Abalone Cove Landslide Abatement and Klondike Canyon Geologic Hazard
Abatement District for annual maintenance services, Aleshire and Wynder for legal
services, AMG and Associates for the Ladera Linda Community Park construction project,
California Joint Powers Insurance Authority for property insurance and liability and
workers’ compensation insurance, Clarke Contracting for Hawthorne Boulevard sinkhole
emergency repair, Fire Grazers for goat grazing fuel modification in Abalone Cove and
San Ramon areas, Griffin Structures for construction management for the Ladera Linda
Community Park Project, Hardy and Harper for landslide road repair, the Los Angeles
County Sheriff’s Department for law enforcement services , Pano AI for wildfire camera
stations, and Stay Green for landscaping services. All expenditures were disbursed in
accordance with the Fiscal Year 2022-23 budget.
2
BEGINNING BALANCE
PLUS: DEPOSITS J
PLUS: INTEREST EARNINGS(1)
LESS. CHECK OtS8URSEMENT
LESS· ELECTRO NIC DISBURSEi ENTS(2)
A DJUSTMENT$(3)
PLUS· TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE I
(1) All LAJF inlerest 1s paid quartet
(2) Electromc O,sburs.amer,ts.
P1yri,II
Paytell Charge!!
Bank and Merch.lnt FNI
Bal'lkafth4:W.•t
Opentin,g
5,495,459 22
6,628,230.02
(4,270,441 79)
(702,627.09)
26,625.JO
0.05
(4,450,000,00)
2,727,245 71
419,052.66
267,015 8'
16,558,59
702.627.09
(3) The net adjus1m@nt was due to a void check and m1sce1taneous adju stment.
I
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MAY 2023
Petty CHh LAIF-CITY
5,000 00 55,291,088.14
4 ,000.000.00
5,000 00 59,291,088.14
Malaga Bank
Non-Negotiable
co
4 ,346,1277 1
4,346,127.71
MAY 2023 CASH BALANCE BY MAJOR FU NDS
Oo¼o 0%
StH..t Stifel
Money Markel ln\/H tl'l'Mnt Total CHh
69,11-49.46 33,047,000.00 98,254 ,52◄.53
6,628,230.02
(4 .270,441 .79 )
(702.627 09)
2.966 95 500,000.00 529 592 25
4,000,000 05
(4,450,000 00)
72,816.41 33.547,000 00 99,989,277.97
■GENERAL f UNO 36%
■CIP 36%
■ EQUIPMENT REPIACEMENT 3%
■I9l1ACT3%
D HABITAT RESTORATION 0%
CIQUIMBYO%
Q OT HER RESTR ICTED FUNDS 22%
A-1
CASH BALANCES BY FUND
Unrestncted
GENERAL FUND
Restricted t,v Council Action
BEAUTIFICATION FUND
GIP I
EQUIPMENT REPLACEMENT
BUILDING REPLACEMENT I
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS I
Subtotal
Reslncted bv Law or External Abenc,es
STREET MAINTENANCE I
1972 ACT
EL PRADO
CDBG
CDBG-R
1911 ACT
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
MEASURE R
MEASURE M
HABITAT RESTORA TION I
SUBREGION 1 MAINTENANCE,
MEASURE A MAINT ENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GINSBURG CULTURE ARTS B!JILDING
DONOR RESTRICTED CONTRIBUTIONS
FEDERAL G RANTS I
STATE GRANTS I
FEDERAL GRANTS-ARPA
QUIMBY I
LOW-MODERATE INCOME HOUSING
AFFORDABLE HSNG IN LIEU [
EET I
MEASURE A CAPITAL I
BIKEWAYS
UNDERGROUND UTILITIES
ROADWAY BEAUTIFICATION
MEASUREW I
WATER QUALITY FLOOD PROTECTION
REDEVELOPMENT OBLIGATIQN RETIRE
IMPROVEMENT DISTRICT 9 I
SPECIAL TRUSTS I
S<Jbtotaf I
GRAN D TOTAL I
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MAY 2023
BALANCE
FORWARD DEBIT CREDIT
32,990,329.50 13,547,317.93 10,630,240.97
0 .00 0 .00 000
37 .323,641 .67 0.00 908,100 71
3,128,091 71 0 .00 10 696 29
0.00 0 .00 000
956,973 04 000 0.00
0.00 000 0.00
41 408,708.42 0.00 918,797.00
1,925,373.01 136,476.12 71 359.11
29,938.14 0 .00 000
46,735.31 39169 0 00
0 .00 3,530.00 3,530 00
0 00 0.00 000
2 ,382,840 94 99,370 98 28,595.05
347,100.07 8 ,997 46 8,699.62
67,74982 0.00 10.992.59
577,588.00 102,679 36 259,013 89
1,998,549.36 91 ,539.51 000
171 ,828 14 0.00 000
2 ,380,168 38 56.942.6 1 2 ,910 00
690,660 99 61 ,546 00 48,21 7 10
178,737.61 0.00 0 .00
753,707.16 281 .55 3 787 12
134,519.83 0 .00 0.00
105,085.08 5 774.57 2,234 10
(23,438.89 0 00 000
0 00 0 00 000
835,561 92 26,000.00 7,069.25
2,545 51 0.00 0 .00
1,486,395.79 90 182.50 140 630 00
5,987,283.28 0 .00 297 9 78 75
369,935.79 000 37,777 07
380,097.97 000 0 00
879 ,827 02 000 0.00
87 ,922 54 7 ,804 00 4 ,711.11
0.00 000 0 .00
0 .00 29,106.00 29 106.00
0 .00 000 000
0 .00 000 000
1,009,771 72 000 51 ,63090
0 00 000 0.00
17,867.10 000 0.00
0.00 0.00 000
1 031 137.02 36 368.75 12,255.96
23,655,486.61
98,254,524.53 13,547,317.93 11,549,037.97
Total Investment:
Charme In ChanQe In
Endino Cash End1~0 Cash
CASH Balance Balance 1n %
35,907,406.46 2,1117,076.96 9%
0 00 0 .00 0%
36 415,540.96 1908 , 100 71\ ·2%
3 117,39542 110,696.29) 0%
0.00 0.00 0%
956,973.04 000 0%
0.00 0.00 0%
40,489,909.42 /918,797.001 -2%
1 , 990,490 02 65,11 701 3%
29,93814 000 0%
47 ,127.00 39169 1%
0.00 0.00 0%
000 0.00 0%
2,453,6 16 .87 70,775 93 3%
347,397.91 297.84 0%
56,757.23 (10,992.59) -16%
421,253.47 (156,334.53) -27%
2,090,088 87 91 ,539 51 5%
171 ,828 14 000 0%
2,434,200.99 54.032.61 2%
703 989.89 13.328.90 2%
178.737 61 0.00 0%
750,20 1 59 13,505.57 0%
134,519 83 0 00 0%
106,625 55 3 ,540.47 3%
123.438 89 0.00 0%
0 .00 0.00 0%
854,4 72.6 7 18.9 10.75 2%
2,545.51 000 0%
1,435,948 29 (50,447 50 100%
5 ,689,304 53 (297,978 75 -5%
332,158 72 137,777 07 -1 0%
380,097.9 7 0.00 0%
879,827.02 0.00 0%
91 015.43 3,092.89 4%
0 .00 0 .00 0%
0 00 0 .00 0%
000 0 00 0%
000 000 0%
958,140.82 151.630.90 -5%
0 00 0.00 0%
17 867.10 0 .00 0%
0 00 0 .00 0%
1,055,249 81 24,112 .79 2%
23,591,962.09 '263,526.52 -1%
99,989,277.97 1,7:U,753.44 2o/.
99 ,989,277.97
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
MAY 2023
IHu•rof Ac:qui■ition M.aturlry Marke'!: Book
lnW!■tmenl lll'IW.lffleftt CUSIPI Cate Torm o, .. Value Value '"""
Local Ag&ncy l nveslment Funel (LAIF•CITY) State of Catrrom1.a NIA NIA On Demand 59,291,088 59,291 ,088 2.99%
Note (1)
CO. Non-Negot1aD~ Malaga Bank 2118/2023 e Mos 212112024 250 000 250,000 •00%
CD · Non-NegQt1able Malaga Bank 2118/2023 6 Mo.s 212112024 .. ,0915 128 4,096,128 4 .00%
CO . Ban• of Anlenca -Stlf•I (Non-N•r tiabt•) A+ Fed Credit Union Austin 00224TAB2 6/2912022 60 Mos 612912027 250 000 250,000 3.55%
Alaska USA Feel Ce Un 011852AH3 3122/2023 36 Mos 3/23/2026 250 000 250,000 S.15°A:i
American E:li:pr Nall Bank 02589ABM3 3/312022 36 Mos 3/l/2025 250,000 250,000 1 ao%
A/'mtrican First Cr Un 02616ABX6 313012023 36 Mos 3/30/2026 250,000 250,000 505%
Arsenal Credit Union 04288LAA6 1120/202• 12 Mos 1/2112025 250,000 250,000 5.10%
Auburn Slate 8c1nk OS059LAC6 313112022 "418 Mos 3/3112026 250,000 250,000 2.10%
Austin T elco Fed Ct un,on 0523928N6 912112022 24 MM 912012024 250,000 250,000 J.10%
A.X.OS Bank 05465DAK4 312612020 •e Mos 3/2612024 250,000 250,000 1.65%
BMW Bank of Northern
America os5eoAa.5 7123/2021 J6 Mos 712312024 250,000 250,000 050%
Bank o, Baroda 06063HMT7 7/2212020 60 Mos 712212025 250 000 250,000 o.ss•.1a
Bank Forward 062163BN9 12,'2812019 60 Mos 1211!112024 250,000 250,000 1 .75%
Bank Hapoalim 06251A2Q2 1211412020 60 Mos 1212512025 250,000 250,000 0.50%
Bankers Bank 06610R8l2 4113/2022 42 Mos 10/1./2025 250 000 250,000 2 .05%
Bank Newport Rhode 06647JAV6 6/312022 48 Mos llll/2026 250,000 250,000 350%
Bank.united 066519QK8 31512021 60 Mos 3/512026 250,000 250,000 0 .65%
Balder Credl1 Union 07181JABO 6/23/2022 J6 Mos 6123/2025 250 000 250,000 310%
Bayc;oast Bank 072727/Q.3 1/2412020 60 Mos 112•12025 250,000 250,000 1 70 ...
Beal Bank USA 0737 1CK32 3/912022 48 Mos 3/-c/2026 250,000 s 250,000 190·~
Callfoma1 Credi1 Union 130162AK6 3/2512023 7 Mo:1 10/2512023 250.000 250,000 4 .50%
CapiWI Or,e 140•2RQBO 1111712021 60 Mos. 1111712026 250,000 250,000 110%
Caprtaal One t •042RQS3 4120/2022 60 Mos 4/20/2027 250,000 250,000 HO%
Celtic Bank 15118RUX3 411712020 60 Mos •11712025 s 250.000 250,000 150%
Chill!lf Finl Fed Cr Un
Roct'lesler 16863LA81 712912022 150Mos. 712!112027 250,000 250,000 350%
Chief Finl Fed Cr Un
Roctle.sler 16863LAE5 10/1212022 36Mo.s 10/1-c/2025 250,000 250,000 4.60%
Centns Fed Cr Un 15643VABe 512-c/2023 24 Mos 5/2-c/2025 250,000 250,000 5.02%
CoasUife Credit Union 19058LABO 2113/2023 36Mos 2/1212026 250,000 250,000 465%
Comenity Cap11a1 Bank 2003lA3A2 .4!'1-412022 SO Mos 4114/2027 250,000 250,000 2 .65%
Communily West Cr Un 20416JAC8 12123/2022 30Mos 6/23/2025 250,000 250,000 500%
Communi~de FCU 20416TAV• 12/ll/2022 36Mos 1218/2025 250,000 250,000 500%
Connec:.tone Bank 20786AOL6 !I/W2021 60Mos 9/2712026 250,000 250,000 060%
Connexus Credit Union 20825WAT7 512&'2022 36~0$ 5127/2025 250,000 250,000 300%
County School FCU 22258JAB7 2122/2023 55Mos 9130/2027 249,000 249,000 440%
Credit Un of Tex Allen 22551KA88 1/22/2022 l6 ~OS 7/22/2025 250,000 250,000 3 30o/,
Dart Bk Mason 237412ASO S/21/2022 42 Mos 12/22/2025 250,000 250,000 3 10'4
Discover Bank 254673670 •12712022 36Mos 4128/2025 250,000 250,000 2.80%
Dort Financial Cr Union 25844MA00 10/28/2022 24 Mos 10/28/202• 250,000 250,000 4.603/il
Eaglemark Savings Bank 27004PCM3 3/2/2022 60 MO$ 3/2/2027 250,000 250,000 200%
Eviln$vill e Teachers FCU 2995o<7BC2 216/2023 12 Mos 215/202• 249,000 2•9.000 3:)()%
Farmers Ins Group FCU 30"60QAM9 1/112023 13 Mos 1/18/2024 250,000 250,000 500¾
Farmers&Merchants Bank 3078110P1 1/1412022 60Mos 1/U,12027 250,000 250,000 1 20'!1,
F arme<s State Bannk 310567AG7 11/14/2022 36 Mos 11114/2025 250,000 250 000 500%
First B.ank Blue Ear'lh 32114MAY3 1012112022 lO Mos 4121/2025 250,000 250 000 445%
First Federal S&L 32022EAW6 1212~12021 60 Mos 1212912026 250,000 250,000 105%
First Na!'I Bank 32110YXG5 612412022 60 Mos 612412027 250,000 250,000 3.25"'-
F1r5t Natl BankJOAIAA 32117BEQ7 1213012021 60 Mos 12130/2026 250,000 250,000 125%
F lustiing Sank J.4J87AFF1 111412022 36 Mos 11/4/2025 250.000 250,000 4.70'4
Four Pis FCU Omaha 3S089LADS 612912022 60 Mos 6129/2027 250.000 250 000 3<0%
Generations Bank 37149CAX5 511212022 60 Mos 511212027 250 000 250,000 3.10%
GHS F ed Credit Union J6266LAA4 911512022 60 Mos 9/1512027 250,000 250 000 3110%
Greenstate Credit Union 39573LOC9 112612023 27-..ios. 4/29/2025 249,000 2•9,000 2.65%
lntercredrt Bank NA 458857MC4 113112022 60 Mos 1129/2027 250 000 250,000 1 35"4
Insight Credrl Un,on •5791JACO 212712023 24 Mos 2124/2025 250,000 250,000 5 , 10"-
JP Morgan Chase Bank 4Bt28Ur.1X4 9130/2020 60 Mo.& !IIJ0/2025 250,000 250,000 0 50.,.
Kemba Finl Credit Union 48836LAN2 9/2112022 60Mos !1/2112027 250 000 250,000 -4.10%
Lebanon FCU PA 52248LAB2 8/412022 60 Mo.s 81•12027 250,000 250,000 355%
Live Oak Bankinig 5380J6UG7 21112022 48Mos 212/2026 250,000 250,000 1.25%
Magnolia Bank 559582AL5 10/30/20 20 54 Mos •/30/2025 250,000 250,000 040'/a
Malaga B,1nk; FSB 56102AA.J5 5129/2020 60Mos 5129/2025 250,000 250,000 070%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MAY 2023
IHUIH Of Ai;quisitlcln Mat1mty Markel Book
lnve■tMent lnYe-stmel'lt cus,H Dale Term 0'1• V~lue Value Yieki
Marhll 8u$if'less Bank 57116ATMO 1115/2020 6D Mos 1/15/2025 250 000 250,000 1.75%
Mineola Commumty Bank 60273NA89 1119/2022 SO Mos 1119/2027 250,000 250,000 5.10%
Morgan Stanley Bk 61690UK82 6/212022 J6Mos 612/2025 250,000 250,000 3.05%
Morgan Stanley PVT Bank 61760AZ51 9119/2019 48 Mos !l/1912023 s 250,000 250,000 185%
Mountain Amttr Fed CR UN 62384RAL0 813112022 Je Mo5 6/2912025 $ 2SO,OOO 250,000 3 50%
N.ifl Bant( of Commerce 633368FJ9 1/19/2022 60 Mo~ 1/19/2027 $ 2SO,OOO 250,000 115%
Nexbank 6533"4CD1 511512023 24 Mos 5/15,'2025 250.000 250,000 507%
N~ YOR. Community Sink &49'«7UP2 6/312021 36 MO$ 61312024 $ 2SO,OOO $ 250,000 035%
Nume nt.a Credll Umon 67054NBAO 11/4/2022 24 Mo> 11/4/2024 $ 250,000 $ 250,000 4.115%
Oklahoma Fed Credit Union 67886WAB3 1112212022 24 Mos 11/22/2024 $ 250,000 $ 250,000 5.00%
Old Oom1rnon Nat;I Bank 679585AZ2 1/20/2022 60 Mos 112012027 s 250,000 s 250,000 1.15%
Old M1 ssiofl Ba11k 68002LCN6 4129/2022 54 t.los 1012912026 s 250,000 $ 2SO.OOO 2.65%
Onpath Fed C r Union 68283MAGI 9/1512022 60 Mos 911512027 $ 250.000 s 2SO,OOO 3.80%
Pacff'.c Weslem Bank 69506YWM7 31712023 60 Mos 31712028 s 250,000 $ 250,000 515%
Pathfindet Bank 70320KBR1 1/3112022 60 Mos 112912027 $ 250 000 s 250,000 120%
Pins.burgh City Hall 72500MAAJ 811612022 60Mos 6/1612027 s 250,000 250,000 350%
Popul.a, Bank 73J17AAY8 411312022 36 Mos <l/1412025 s 250,000 s 250,000 245%
Prefemid Bank LA 740J67MA2 711712020 60 Mos 7117/2025 $ 250,000 $ 250,000 0 50%
Raymond James. Bank 75472RAN1 11/26/2019 60 Mos 1112612024 s 250,000 $ 250 ,000 1 85'11,
Rogue Credi1 Union 77535MAL7 1/20/2023 ,a Mos 1120/2027 s 250,000 $ 250 000 5.05%
Saco&B+ddeford..s Savs 78577THR9 7/2 1/2022 60 Mos 712112027 $ 250,000 s 250,000 HS'>b
Sallie Mae SankiSalt Lake 795◄504P7 10/1612019 60 Mos 1011612024 $ 250,000 250,000 1 'i0%
Sawy,ers Svgs Bank 80550881' 10/2812022 60 Mos 10/2612027 $ 250,000 250,000 00%
Sharonview Fed Cr Union 8198e68MS 8115/2022 36 Mos 611512025 s 250,000 2SO,OOO 340%
Southwest Finl Fed Cr Un 84485EAJ6 9121/2022 60 Mos 912112027 250.000 250,000 HO%
State Bilnk of India 856285RS2 11/2712019 72 Mos !112712024 250,000 250,000 2 05%
Stetting Banlt POP Bl MO 85916VDN2 9/1812019 '8 Mos 9/16/2023 250,000 250,000 1 65%
T e.xas Excnange 8anlt 88241TJJO I0/2312020 SO Mos 10/2312025 2SO,OOO 250,000 060%
Texas Exchange 8.ank 88241TJN1 11125/2020 60 Mos 11125/2025 s 250,000 250,000 Oe<i%
Texas Exchange 8.ank 88241TJR2 12116/2020 60 Mos 12/16/2025 s 250,000 250,000 0-Texas Excange BK SSB 88241TNV8 6/512022 51 Mos 11116/2026 250,000 250,000 HO%
The Dist Cr Un 883"0AAC5 12/22/2022 36 Mos 12122/2025 250,000 250,000 525%
TCJYQ lil Financial Svg:s Bank 892J5MlE9 712912021 60 Mos 7129/2026 250.000 250,000 ogs¾
Trul,ar,t Fed Cr Un 89789AAE7 311012023 lO Mos 9110/2025 250 000 250,000 5 05%
Tn.i slone Ftnl c, Un 89e.&1MAF◄ 7119/2022 60 Mos 711912027 250,000 250,000 340%
UBS Bank USA 903"8JN30 6/2412021 Je Mos 6/2◄1?02• 250,000 s 250,000 0 JS%
University Credit Union 914242AAO 212112023 3i Mos !l/26/2025 249,000 2•9,000 4 00%
UniNd Bank.en Bank 909557JP6 1211612021 5fJ Mos 6/1112026 250,000 250,000 1.00%
Val1ey Strong c, Union 9201J3AJ• 12/1"12022 2, lillos 1211J/2024 250,000 250,000 5 10¾.
Vision Bank of Jow a 92834CCL◄ 11/29/2019 72 Mos 1112912024 250,000 250 000 175%
WMers C~t Umon 9813aMAT7 'l/29/2022 60 Mos 9129120,7 250,000 250 000 00¾
. I
WOtters Credil Umon 98138MAM2 411712023 22 -..os 2(18/2025 249,000 249,000 1'9%
Tre.asury-8a11~ of New York(V1ning S arks) Umt,:,d Stal-es Treas 912828S35 911212019 46 Mos 6/30/2023 1,000 000 $ 1,000,000 138%
Unit~ St.ate~ Trea:i. 912828XZ6 6/3012020 60 Mo1 6130/2025 1,000,000 1,000,000 275%
United S1ales Treu 91282CBC4 111212021 60 Mo1 12/31/2025 2,000,000 2 ,000 000 0.38%
Agel'ICy Bon.Os Fed Farm Credit Bank 3133ELF41 6/812022 60 Mos 61812027 1,000,000 1 000 000 O.!M%
Fed Farm Credil Ba.nk 3133EMZ21 816,':2021 S.. Mos 41612026 T 000.000 1,000 000 0.69%
Fed Farm Credil Bank 3133ENYX2 611712022 2◄ Mos 6/1712024 500 000 500,000 3 _25%
Fed Farm Credil Bank 3133ENNX4 12115/2022 26 Mos 211412025 1,052,000 s 1,052 ,000 1.67%
Fed Home Loan Bank 3130ASYR• 6/30/2022 36 Mos 6/26/2025 1,000,000 $ 1,000,000 4 00%
Total lnvHt~nts 97,1U,21S
Summary: I W•ighted Retu m 2,92%
Loe.al Agency ln'l'eslmenl F und (LAIF -CITY) 59,291,088.14
CertJficate or Oeposil -~ataga 8.ank 250,000 00
C~rt11ica1e of Deposit -Malaga Bank 4,096,127.71
Certtficale at Deposit -St ifel 24,995,000.00
Trenul)' Bills -St1re1 8.552,000,00
Total ln..,...,,...n 97,11M,215,a5
BOWbala11ce 2,727,245 71
P•lt)o Ca•~ 5,000 00
Sllfl!II money market 72,816 41
Total c.ail'I & lllYHtmenl 99,969,277 97
Total cash $ mvntmenl rrom above 99,989,277.97
A-4
NOTE:
Malaga Bank· CD
4%
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER"S REPORT
MAY 2023
SUMMARY OF CAS H BALANCE BY INSTITUTION
MAY 2023
Stifel. Tre asury
9%
Bank of the West
1%
Stifel • Money Market
0%
State of California• LAIF
59%
(1} L.AtF market v alues 'MIi be reportj d to vary from bootc value if the City calculated shilre of total LAJF assets is less than the City book v alue.
To tne best of my k.nowtedge, the re are no m1sststement$ of material amounts wilhin 1ti1s repo11.
or om1ss10ns af maMrial amounts tc c ause the report to be m1sleadl~
I certify that this report a4;c:urete ty reflects all Cdy 1nYHlment1 and complies wtth the Inves1ment policy f1f tt,e City
of Rancho Palos Veroes i15 approved by lhl!!I City Counol Furthermore. I cervfy that sufficieot nwestment l,qu1dity
and anticipated revem.te$ are a ... a,table 1.0 meet lhe City's ex penditure requirements for ttie nexl 51)1. months
RespeeifuUy submitred,
T,lftt<k:t Dated
A-5