CC SR 20230801 F - City June Treasury Report
CITY COUNCIL MEETING DATE: 08/01/2023
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the June 2023 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the June 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, CPA, 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
June 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 $99.1 million with $57.3 million or 58%
of the total cash balance in the Local Agency Investment Fund (LAIF). The City has over
$3.7 million or 4% of the total cash balance with Bank of the West and over $4.4 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 $185,000 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 over $34 million or 35% in the cash balance,
and the Capital Infrastructure Program (CIP) Fund has over $36 million or 37% 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, approximately $0.3 million or less than
1% in the Quimby Fund, and over $22 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 June 2023, the City held Government Agency
Sponsored Agency Bonds with a face amount of $1 million and current maturity of 47
months. The City’s adopted Investment Policy allows for a maximum maturity of 36
months. As such, on June 19, 2023, the City Council approved Staff’s recommendation
to retain this bond making a one-time exception extending beyond the maximum maturity
of 36 months as stated in the City Council-adopted Investment Policy.
The City’s cash balance increased by $9 million compared to the June 2022 balance. The
increase was reported in the prior month, which included the significant fund from the
second payment of the 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 May 2023, the City’s cash balance
decreased by $0.9 million, mainly attributed to the timing of billing for general services
and disbursements for City-approved projects. The major disbursements for this month
included Aleshire and Wynder for legal services, AMG and Associates for the Ladera
Linda Community Park construction project, ATI Restoration for Point Vicente Interpretive
Center flood repair, Fire Grazers for goat grazing fuel modification at the Agua Amarga
Canyon and Filiorum Reserve areas, the Los Angeles County Sheriff’s Department for
law enforcement services, and Stay Green for landscaping services. All expenditures
were disbursed in accordance with the Fiscal Year 2022-23 budget.
This June report reflects preliminary numbers, and the final report will be submitted after
year-end closing is completed.
2
BEGINNING tw.NfCE
PLUS DEPOSITS
PLUS INTEREST EARNINGS(!)
LESS CHECK DISBURSEMENTS
LESS ELECTRONIC 01S8URSEMENTS(2)
AOJUSTMENTS(3)
PLUS, TRANSFERS IN
LESS TRANSFERS OVT
ENOING BALANCE
(1)All l.Alf .nte,est 1$ p&id qu1rtet1)'
(2) Ell!!Cttonlc OtsburUIMf'ltl
P1.,...,i1
Payrol Charge1
Bani< ar<I Mercillnt F•u
S,llnk ot the Wt.at
Ope,1t/ng
2 ,727 245 71
2 766,877 45
(3 070 189 97)
(71• 630 38)
(5,742 04)
3 ,000,000 00
(I 000,000 00)
3 703 580 77
«2,953 71
257 1'60&
14 53081
7,.,&30 38
(3) The net adJUltmant was due IO a ,-ol(I cneck and m11cetlaneous. adJustment
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JUNE 2023 ( Prellml.-yl
Malaga Bank
Non-SU~I
P,ttly Cuh lAIF-OTY CD MoneyMarh1:
5,00000 59,291 081,. 4 ,348,127 71 72 8 16 41
59 702 46 9 1 05842
21 230 72
I 00000000
(3 000 000 00)
500000 57 291,068.14 4405130 17 185,105 55
JUNE 2023 CASH BALAN C E BY MAJOR FUNDS
0% 0%
.. 1 ... ,.._ Tot.al Cnh
33,5'7,000 00 99,989,277 97
2 .766877'5
15079088
(3 070 169 9 7)
(714 &30 36)
15,48868
4,000,000 00
t• 000 000.00)
33,647 000 00 99 137604 63
■GENERAL FU ND 15%
■CIP 37%
■EQU IPMENT REPLACEMENT 3%
■1911 ACT 3%
D HABITAT RESTORATION 0%
D QU IMBY O¾
II OTHER RE5TRICTE D FUNDS 22%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND I
Restricted by Council Action
BEAUTIFICATION FUND
CIP
EQUIPMENT REPLACEMENT
BUILDING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subtotal I
Restricted by Law or External Agencies
ST REET MAI NTENANCE
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
Subtotal
GRAND TOTAL I
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JUNE 2023
BALANCE
FORWARD DEBIT CREDIT
35,907,406.48 9,44e,095.14 11,291,037.89
0.00 0.00 0 00
36,415,540.96 1,603,152 .50 1,151,717.42
3 ,117,395.42 73,050.00 2,270.26
0.00 0.00 000
956,973.04 100,000.00 0.00
0.00 0.00 0.00
40,489,909.-'2 1,776,202.50 1,153,987.68
1,990,490.02 191,894.82 30,206.00
29,938.14 0.00 0.00
47,127.00 8.42 0.00
0 .00 4 ,265.00 4,265.00
0.00 0 .00 0.00
2,453,616.87 2 ,137.14 49,266.55
347,397.91 40,901.17 21,080.73
56,757.23 14,156.62 19,501 .31
421,253.47 146,324.14 21,352.48
2,090,088.87 100,772.50 524.99
171 ,828.14 0.00 147,522.71
2 ,434,200.99 106,940.73 75,000.00
703,989.89 122,558.36 175,019.04
178,737.61 58,491.45 41,659.00
750,201.59 12,500.00 3 ,997.99
134,519.83 679.37 12,500.00
108,625.55 0.00 36,210.43
(23,438.89) 23,438.89 0.00
0 .00 0.00 0.00
854,472.67 2.795.51 929.62
2 ,545.51 0.00 2,545.51
1.435,948.29 0 .00 0.00
5,689,304.53 0 .00 36,337.50
332,158.72 0.00 40,185.56
380,097.97 0.00 0.00
879,827.02 0.00 0.00
91 ,015.43 0.00 0.00
0 .00 000 0.00
0 .00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0 .00
958,140.82 30,992.58 50,958.75
0 .00 0.00 0.00
17,867.10 264,687.00 0.00
0.00 0 .00 0.00
1,055,249.81 60,319.25 43,745.39
23,591,962.09 1,183,862.95 812,808.56
99,989,277.97 12,406,160.59 13,257,833.93
Total Investment:
Chanae In Change In
Endina Cash Ending Cash
CASH Balance Balance in%
34,062,463.91 11,844,942.55' -5%
0.00 0.00 0%
36,866,976.04 451,435.08 1%
3,188,175.16 70,779.74 2%
0 .00 0.00 0%
1,056,973.04 100,000.00 10%
0.00 0.00 0%
41,112,124.24 622,21'-82 2%
2,152,178.84 161 ,688.82 8%
29,938.14 0.00 0%
47,135.42 8 .42 0%
0.00 0.00 0%
0.00 0.00 0%
2 ,406,487.46 (47,129.41) -2%
367,218.35 19,820.44 6%
51,412.54 (5,344 .69) -9%
546,225.13 124,971.66 30%
2 ,190,336.38 100,247.51 5%
24,305.43 (147,522.71) -86%
2,466,141.72 31,940.73 1%
651,529.21 (52,460.68) -7%
195,570.06 16,832.45 9%
758,703.60 8 ,502 01 1%
122,699.20 (11 ,820.63) -9%
72,415.12 (36,210.43) -33%
0.00 23,438.89 0%
0.00 0.00 0%
856,338.56 1,865.89 0%
0.00 (2 ,545.51) 0%
1,435,948.29 0.00 100%
5 ,652,967.03 {36,337.50) -1%
291,973.16 (40,185.56) -12%
380,097.97 0 .00 0%
879,827.02 000 0%
91,015.43 000 0%
0.00 0.00 0%
0.00 0.00 0%
0 .00 0.00 0%
0.00 0.00 0%
938,174.65 (19,966.17) -2%
0 .00 0 .00 0%
282,554.10 264,687 .00 1481%
0 .00 0.00 0%
1,071,823.67 16,573.86 2%
23,963,016.46 371,054.39 2%
99,137,604.63 (851,673.34: -1%
99,137,604.63
A-2
CITY OF RANCHO PALOS V ERDES
MONTHLY INVESTMENT REPORT
JUNE 2023
IHu•r ic1f h::qul•ltlon M.t1irfty Mar-1(.t Book
lm.•tm•nt ln'll'NhTMnt CUSlH D.,. Torm o-Yalu• vaiu,. .....
Loical Agl!lney •nveiS1m1n1 Fund {LAiF •CITY) State of C~l1fcmia NIA NIA On Demand 57,291,088 57 291.088 3 17 ...
Nat• (1)
C D -Non-N~gottat>1~ Malaga Bank 2!1Bl2023 6 Mo!. 2/21/2024 250,000 250,000 -4.00%
CO -Nan-Ne111ot1•1:J(• Mt11c1,ga Bank .2/18/2023 6 Mos 2121/2024 4 ,155.830 4 ,155,830 •00%
CD. Bonk oj Arnonca •S1iOI (~~•gohaD'"l A+ F'ed Credit Un,on Austin 00224TAB2 6/29/2022 GO Mos 6/2912027 2SO D00 250,000 355%
AJash USA Fe<I Ce Un 01 1852AH3 3/2212023 36 Mo!!i 3/23/2026 250 000 250,000 5.15%
An'leri,c:.an Eicpt Natl Baink 02589ABM3 313/2022 36Mos 3/3/2025 250 000 250 000 1.ao...
American fil'$t Cr Un 02616ABX6 3/30/2023 36 Mos 3/3012026 250 000 250.000 5.05%
Arsenal Credit Union ~2B8LAA6 1120/202• 12 MO!!i 1,'21/2025 250.000 250 000 5 100.
Aubum Stat& 9anll. 05059LAC6 3/31/2022 48 Mos 3/31 /2026 250 000 250 000 2 10Sb
AtJltirt Telco Fed c, Unio n 052392BN6 9121/2022 24 Mos 9/20/2024 250.000 250 000 3 70,,,
A.XOS Bank 0(;465OAX< 3/2612020 48 '-'os 3/2612024 250 000 250,000 165%
BMW Ban~ of Northern
Amenca 05580AB•5 7/2312021 36Mos 712312024 250 000 250,000 050%
Batik of Barooa 08063HMT7 7/2212020 60Mos 712212025 250 000 250.000 0.65%
Bank Forward 0621638N9 12128/2019 60 Mos 12/1812024 250.000 250.000 1 75%
Bank H.ipoallm 06251A2Q2 12.1 14/2020 SO Mos 12/2512025 250.000 250,000 050"
Bankers Bank 06610R8l2 4113/202.2 42 Mos 10/1412025 250 000 250,000 2 .05%
Bank Newpon Rtiode 06647JA.V6 8/3/2022 413 Mos 813/2026 250,000 250.000 3.50%
Bankunited 066519QK8 318/2021 60M0l!i l/5/2026 250.000 250.000 065%
Baxter Credit Union 07181JA50 612:112022 36Mos 6123/2025 250 000 250.000 3 10'!'.,
B,ayc.o.ast Sank 072727AZ3 112412020 60 -..os 1/2412025 250 000 250 000 1 7()'1(,
Beal Ban.k USA D7371CK32 J/'J/2022 413Mo5 314/2026 250 000 250,000 190%
Califoma1 Cr11drt Union 130162AK6 l/25/2023 7 Mos 10125/2023 250.000 250,000 • so.,
Capital One 14042RQB0 11/17/2021 SO Mos 11/17/2026 250.000 250,000 1 1()'1(,
Capital Orie 1'042RQS3 4120/2022 SO Mos 4/2012027 250.000 250,000 2 8000
cenie Bank 151 18RUX3 4117/2020 SO Mos 4/17i2025 250 000 250 000 150%
Chief Finl Fed Cr Un
Roche1lef 16863LAB1 1/2912022 60Mos 7/29J2027 250 000 250 000 3 so.,
Chief Finl Fed c, Un
Roches1er 16863LAE5 10/1212022 36Mos 10,/14/2025 250.000 250 000 •60'-
CenIr11 Feel Cr Un 15643VAB8 8/2412023 24Mos 5/24/2025 250,000 250.000 502%
Coastlrt■ Credil Umon 19058LAB0 2/1:112023 36Mos 2/12/2026 250,000 250,000 4 .65'1b
Comenity Capital Bank 20033A3A2 4/14/2022 60Mos 4/14/2027 250,000 250,000 2.65%
Commu nity Wes1 Cr Un 20416JAC8 12123/2022 JO Mos 6/23/2025 250,000 250,000 5.00%
Communil'.f#lde FCU 20416TAV4 12/8/2022 36Mos 1218/2025 250,000 250.000 5.00'lb
Connecione Ba nk 20786AOl6 9/2412021 60 Mos 9/27/2026 250,000 250 000 080%
Connexus Creeli1 Union 20825WAT7 5126/2022 l6Mos 5127/2025 250,000 250.000 3.00%
County School FCU 22258JA87 2/2212023 55 Mos 9/30/2027 2-'9 ,000 249 000 4 .40%
Credit Un or Tex Allen 22551KAB8 7/2212022 36 Mas 1122/2025 250,000 250,000 3.30%
Dart Bk Mason 237'12ASO 6/21/2022 42 Mos 12/22/2025 250,000 250.000 310%
O1scovef Bank 25•673870 41'271'2022 l6 Mos 4/28/2025 250,000 250,000 2.80"
Don FinanC4al Cr Union 25B .. MAO0 10/2812022 24' Mos 10/28/2024 250,000 250,000 460%
Eaglemark Sayings Bank 27004PCM3 3/212022 60Mos 31212027 250,000 250,000 200%
Evansville Teachers FCU 299547BC2 2/612023 12 Mo.s 215/2024 249,000 249.000 3.30%
Farmers Ins Group FCU 309600AM9 111/2023 13 Mos 11,at2024 250,000 250,000 500%
Fa,mers&Mercnants Bank J07S 11 DP1 111•12022 60Mos 111'12027 250.000 250,000 120 ..
Farmers State Bannk 3 10567AG7 1111412022 J6 Mos 1111412025 250.000 250.000 5.00%
First Sa nk 8Iue e,111h 321 t4MAY3 ,012112022 30MO$ 4i2 1i2025 250,000 250,000 ''5"-
F,rs·t Feoeral S&L 32022EAW6 1212912021 60Mos 12/2912028 250,000 250,000 l OS'lb
F1r51 Nat'I Bank 32 110YXG5 612412022 60Mos 612.,2027 250.000 250 000 325%
First Natl aankJOAMA 321178EQ7 12/3012021 60Mos 1213012026 250.000 250,000 \ 2S%
Flus'1Ing Sank 34J87AF F1 111'4-12022 36 Mos f1/4f2025 250,000 250,000 4.70%
Fou1 P1s FCU Omaha 35089LAO5 612912022 60 Mos e ;2912021 250,000 250.000 3 40%
Generations Bank 3 7149CAX5 511212022 60 Mos 5/12/2027 250,000 250.000 3.10%
Gt-fS Feel Credit Union 36266LAA4 9/1512022 60 Mos 9/15/2027 250,000 250.000 380%
Greennate Credit Union 39573LDC9 1126/2023 27 Mos 4/2'J/2025 2,9,000 249 ,000 265%
lntercreQit 8a111< NA 458657MC4 113112022 60 Mos t/29/2027 250,000 250 ,000 135'1(,
lns11~ht Credit Union 45791JAC0 2127/2023 24 ~05 212.,2025 250 000 250,000 5 10%
JP Morgan Chas-e aank 48128UMX4 9/30/2020 60 Mos 'J/30/2025 250.000 250,000 0 50 ...
Kitmba Finl Credit union •BB36lAN2 9/2112022 60 Mos 9121/2027 250 000 250,000 • 10'!'.,
lebarion FCU PA 522,BLAB2 8/412022 60 Mos &1.,;2021 250 000 250,000 355 ..
Live Oalt Bankinig 538036UG7 2/112022 48 Mos 21212026 250 000 250.000 1 25,.
Magnoha Bank 559582Al5 10/30/2020 54 '-'os •130/2025 s 250.000 250.000 0 40,,,
Malaga Bank FSB 58102AAJ5 8/29/2020 60 Mos 5/29/2025 250,000 250 000 070%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JUNE 2023
IH1,te1"0f Ac-qui■i'tion t.11.aturity M•-Book
1rwe11tment lnYH1mffll CUSIPlf D•t< Term O>t< Va.lue Value Yleld
Mat lin B usiness Bank; 57116ATM0 111~2020 60Mos 1/15/2025 250,000 250 000 1 75%
Mineola Community Bank 60273NAB9 11/9/2022 60M0S 11/9/2027 250,000 250,000 5.10%
Morgan Stanley Bk 61690UK82 61212022 J6Mos 61212025 250,000 250,000 3.05,,.
Morgan Stanley PVT B ank 61760AZ51 9119/2019 48 Mos 9.119/2023 250,000 250 000 1 65%
Mountalt1 Amer Fed CR UN 62364RALO 6/3112022 :l-6 Mos 612912025 250 000 250 000 3.50'!!.
N.at'l 8a11k of Commll!!lrCfl 633:168FJ9 1119/2022 60M0s 1119/2027 250,000 250 000 1 1S'Mi,
N&xbank 65334-'CDI 5 (15{2023 2• Mos 5.11512025 250.000 250.000 5 07%
New Yof'k Comrm.init:y Bant. 64S447UP2 6/312021 J6 Mos 6/312024 250,000 250,000 0 35%
Nurneriea c rec:ht Union 67054NBAO 111412022 2C Mos. 11/412024 250,000 250,000 4 65%
Ot.latloma Fea Credit Union 67886WAB3 11122/2022 24 Mo, 1112212024 250,000 250,000 5()()'11,
Oh1 Dominion Nal;I Bank 679585AZ2 1/2012022 60 Mos 112012027 250,000 250,000 115%
Old Missiori Bank 68002LCN6 4/2912022 5-4 Mos 10/2912026 250,000 $ 250,000 2 65'1\
Onpath Fed er Union 68283MAG1 9/15/2022 60 Mo.s 911512027 250,000 250,000 3.60%
Pa-c1fic: wes1ern Sanli: 69500YWM7 317/2023 60 Mos 3/7/2028 250,000 250,000 5.15%
Pathfind&r Bank 70320KBR1 1/31/2022 60 ""OS 1!:t'iJ/2027 250,000 250,000 1.20%
Plnstiurg l'1 City H1JI 72500MAA3 8/1612022 60 Mos 8116/2027 250,000 250,000 360%
Popular 8.ank 7JJ17AAY8 4/13/2022 36 Mos 4/14/2025 250,000 250,000 2.45%
PrefeJTe~ S~nk LA 7•0367MA2 7/1712020 60 ~OS 7/17/2025 250,000 250,000 D.50'!0
Raymond James Bank 7!>472RAN1 11/26/2019 60 Mos 11/26'2024 s 250,000 250,000 1 S5CK,
Rogue Credit Union 17535MAL7 1/20/2023 4B Mos 1/20/2027 s 250,000 s 250,000 5 05%
saco&B1dd8f0(d S Savs 76577THR9 7/211202.2 60 Mos 712112027 $ 250,000 $ 250,000 345%
Sallie M.ae Bank/Salt Lake 795450,&?7 10/1612019 60MM 10/16/2024 250,000 s 250,000 1 9011'1,
Sawyers Svgs Bank 8055088T4 10/211/2022 60 Mos 10/2812027 250 000 250.000 •90'11>
sriaronview Ftd c, Union 8198668M5 8115/2022 36 Mos 11/15/2025 250 000 250,000 3<0%
S0ult'lwest Finl Fed Cr Un 8«65EAJ6 9l21l2022 60 Mos 9/21/2027 250,000 250,000 380%
Slatl!I Bank of India 856285RS2 11/27/2019 72 Mos 1112712024 250 000 250,000 205%
Sterling Bank POP BL MO 85916VON2 9118/2019 48Mos 9/1812023 250,000 250,000 165%
Texas Exchange Biilnk 882o&1TJJ0 10/2312020 80Mos 10123/2025 250 000 250,000 0.60%
T exn Exchange Bank 38241TJN1 1112512020 60Mos 11/2512025 250.000 250.000 060%
Texas Exchange Bank 86241TJR2 12118/2020 60Mos 1211812025 250,000 250 000 060%
Tex.as Excange BK SSB 8824 1TNV8 815/2022 51 Mos 11/16/2026 250,000 250,000 3,W.,
The Dist Cr Un 86340AAC5 12,'2212022 36 Mos 12/2212025 250 000 250,000 5.25%
Toyota Financial Svgs. Bank B9235MLE9 7'291202, 60M0$ 712912026 250,000 250 000 09S%
Tn.ilia.nl Fed Cr Un B9789AAE7 3/1012023 30Mos 9110/2025 250.000 250 000 505%
Tn.istons F1n1 c,un 89341 MAF4 7,'1912022 60Mos 7/1912027 250 000 250.000 3.40%
UBS Bank USA 903413JNJ.0 612412021 36M0$ 612412024 250,000 250.000 0 35%
Unrversily Credi1 Un.on 9 14242AAO 2/2112023 31 Mos 9/26/2025 249.000 s 249,000 ·~ Uni1e-d Bankers B.ank 909557JP6 1211612021 S6Mos 811712026 250 000 $ 250.000 1.()()'11,
Valley Strong Cr Union 920133AJ4 12,1,12022 2o& Mos 1211312024 250,000 250 000 5 1D'lb
Vision Bank of Iowa 921334CCL4 11129/2019 72M0$ 11/2912024 250 000 250,000 175%
Wori:er5 Credil Umon 9S138MAT7 9.'2912022 60M0S 912912027 250,000 250 000 HOS.
Workers Cre<111 un,on 96138MAM2 411712023 22Mos 212812025 249,000 249 000 149%
Trenucy-Banll. 111' New Yotk(V1n1~ Spar'l(s) United Stales Treas 91282CEX5 6/3012023 12 Mos 6/3012024 t 000 000 1,000,000 3 00%
Uri1ted Stales Treas 912828.XZ8 613012020 60Mos 6/3012025 1 000.000 1,000 000 2 75%
Un1te-d St.alflS TtflaS 91282CBC4 111212021 60 Mos 1213112025 2 000 000 2 ,000 000 0 l8%
A.gcnc.y Bonds FM Farm Cr&d1I Bank 3133ELF41 61812022 60Mos 61812027 f 000,000 1,000,000 D !),I'<,
Fe-o Farm Credit Sank 3 133EMZ21 610/2021 5"Mos 4t6/2026 I 000,000 1,000,000 069%
Feel Farm Credit Bank 3133ENYX2 611712022 24 Mos 6117/2024 500,000 500,000 '3 251Wii
Fed Fam, Credi1 Bank 3133ENNX4 12/15/2022 26 Mos 2/1412025 1,052,000 1,052,000 1 67%
Fe,d Homs Loan Bank 31JOASYR4 8130/2022 J6 Mos 812812025 I 000,000 1,000 000 • 00%
T OUll lnvestrn.rtts s 95,2.U,911
SummtJry Wa ighted Retum 3.0<1%
Lo,cat Ag&ncy lnvfls.1mflnl Funel (lAIF-CllY) 57 291 ,088.14
Cenirleate of Deposil -Malaga Bank 250,000 00
Cert1ficitle Qt Oep0sit -M.ataga Bank •. 155,830.17
CM,nea1fl of o~pos11 -Stit al 24,9%,000.00
TreaS\J')' Bills -Stifel 8 ,552,000 00
TQl>olln--.~111 .31
BOW balance 3,703.~77
Petty Cash 5 000 OD
St1rll!II monfly mal'kflt 185,105.55
Total cash & 1nv111man1 99,137,604.63
Total cuh & mve:!llmenl from above 99, 137,60,,III 63
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NOTE;
Malaga Sank • CO
4%
CITY OF RANCHO PALOS \'!;ROES
MO NTHLY TREASURER'S REPORT
JUNE 2023
SUMMARY OF CASH BALANCE SY INSTITUTION
JUNE 2023
Stifel -Tr~asury
9%
Sank of the West
4%
Stifel . Money Market
0%
State of California -LAIF
58%
(1) LAIF market values will be reported to vary rrom t>ook value If the City calculat~ snare of 101.at LAIF assel.s 1$ less than 11,e Ctry book value
To the besl of rr,y k.nowtadge, IP'llll!!lfll are r,.o missUlteme nts Of malerial amount, Within this report,
or om1$Sions of material amounts to cause lhe report to bit misleading.
1 certify lhal thts report accura1ety reneets all City ,nveslmenls ano complies witl'I tne investment pohcy of the City
of Rancho Palos Verdes as approved b)I ltle C,ry Council. Fur1tiennore, I certify that sufficient invntment liquI0i1y
and 1nlic1pated revenues are available lo meet the City's expenditure requirements for lfle next 51,c month$
Dated
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