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CC SR 20231205 J - Treasury Report CITY COUNCIL MEETING DATE: 12/05/2023 AGENDA REPORT AGENDA HEADING: Consent Calendar AGENDA TITLE: Consideration and possible action to receive the September 2023 Cash Balances/Monthly Treasurer’s Report. RECOMMENDED COUNCIL ACTION: (1) Receive and file the September 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: Vina Ramos, Interim Director of Finance VR 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 September 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 $93 million with approximately $50 million or 53% of the total cash balance in the Local Agency Investment Fund (LAIF). The City has over $1.7 million or 2% of the total cash balance with Bank of the West and over $4.4 million or 5% with Malaga Bank. Additionally, the investments under the City’s brokerage firm Stifel includes Certificates of Deposit (CD) investments approximately $28.5 million or 31%, Treasury Bills and Agency Bonds over $8.5 million or 9% of the total cash balance, and a money market account has a balance of $62,482 or less than 1%. The City holds a money market account with Stifel for transaction s related to the selling and purchasing of investments, as applicable. The securities are held by Bank of America and are FDIC-insured. 1 RANCHO PALOS VERDES In summary, the City’s General Fund has over $29 million or 32% in the cash balance, and the Capital Infrastructure Program (CIP) Fund has over $36 million or 39% in cash balance. The remaining cash balances are in the Equipment Replacement Fund with over $3 million or 4%, over $2 million or 3% in the 1911 Act Fund, approximately $0.2 million or less than 1% in the Habitat Restoration Fund, over $0.2 million or less than 1% in the Quimby Fund, and over $20 million or 22% in Other Restricted Funds. The City’s cash balance increased by approximately $1 million compared to the September 2022 balance, primarily due to the rise in revenue sources. This increase is expected and aligns with the FY 2023-24 adopted budget for revenues. Additionally, while comparing the balance in August 2023, the City’s cash balance decreased by $4.2 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 and Griffin Structures for the Ladera Linda Community Park Project, Hardy & Harper for the Portuguese Bend area landslide repair and annual roadway maintenance project, Terranea Resort for the 50th anniversary celebration event, Acorn Technology for the City’s managed IT services, the Los Angeles County Sheriff’s Department for law enforcement services, EDCO Disposal for Citywide street sweeping services, the Palos Verdes Peninsula Transit Authority for the City’s semi-annual contribution, and Stay Green for the annual landscape project. All expenditures were disbursed in accordance with the Fiscal Year 2023-24 budget. 2 A-1 BEGINNING BALANC PLUS OEPOSl1S Pl.US INTERESl EARNINGS( I ) LESS 01ECK D1S8URSE MENT6 LESS El.ECTRONIC OISIII.IRSEf,!ENTS<2) AOJU STIEHTS(3) Pl.US TRANSFEAS IN LESS TRANSFERS OUT ENDING BALANCE ( 1) All LAIF _,..,_ 1> paid q-1ony 12) EJetvonoc Olsbura Pa)'l)I Pa)'T'OllChlflJU Ba,,_ r>d~Fto, 3 2388&368 2 378 717 t3 15546367 79) 11 on 7936QJ 173 9118 19) 3 500,00000 /63333Hn I 719 107 27 5$2897 59 401,3 13 37 16,782 73 I 072 7939g )) Tne ne1 ■ "m•n1 wH due o a vOtCI C.MCk ~ mi1c1llaneau.l dju1tmffl CITY OF RANCHO PALOS VEROES MOl'iTJtlY TREASURER'I REPOR T PTEM BEPI :tlill Petty c .. h LAlf-CfTY 5000 00 53 23 4 442 IS (3 500 000 00) 5 000 00 4 l3H4215 Mal.ag ailaM ~otiatlile co 440S8J0 17 4 405 830 17 11 48 45'4 61 ) 36 544 000 00 210 83ft 82 50000000 62 ,492 2 37 044 00000 SEPTEMBER 2023 CASH BALANCE BY MAJOR FUNDS 0% 0% 9 7 27'1701 39 2 379 11 93 151146 367 7111 11.on1tJ&e1 136 93863 4 000 00000 (~ 133 334 97) 93 ,040 861 80 ■GE.NEAAl FUND 32 ■CIP 39% ■EQUIPMENT REPLACEMENT 4" ■1911 ACT 3"4 D HA BfTAT flESTORATI 0% D QU IM8YO% Q OTHER RESTRICTED FUNDS 22% A-2 CASH IIAI..AIIC ES BY FUND UnrestflC!ed GENERAL FUND Restncted ov Counal Ac!IM BEAlJTIFICATION FUND CIP EQU IPMENT REPLACE MENT BUI LDING REPLACEMENT EMPLOYEE PENSION PLAN EMPLOYEE BENEFITS Subeotal Rsstnctea bv Law or E•tamal A,_,,.,..5 STREET VAINTENANCE 1972 ACT GAS TAX-501 EL PRADO I CDBG CDBG,R 1911 ACT SOLID WASTE AIR QUALITY MANAGE MENT PROPOSITION C ?ROPOSITION A PUBLIC SAFETY GRANTS MEASURER MEASUREM HABITAT RESTORATION SUBR EGION 1 MAJNTENANQE MEASURE A MAINTENANCE ABALONE COVE SEIM:R DISTRICT RPVTII GINSBURG CULTURE ARTS BUILDING DOl';OR RESTRICTED CONTRIBUTIONS FEDERAL GRANTS STA TE GRANTS FEDERAL GRANTS•ARPA QU I MBY LOW•MOOERATE IN COME HOUSING AFFORO.O.BLE HSNG IN LIEU EET MEASURE A CAP ITA L I BIKEWAYS UNDER GROUN D UTILITIES RO.O.DWAY BEAUTIFICATION MEASUREW WA,t:.R OlMU TY FLOOD F'ROTECTION RE DEVELOPMENT OBLIGATION RETIRE IMPROVEMEl'fl DISTRICT 9 SPECIAL TRUSTS SI.Cllotlll GRAND TOTAL CITY OF RANCHO PALOS VERDES MONTH LY TREASURER'S REPORT SEPTEMBER 2023 BALANCE FORWARD DEBIT CREDIT n .102, 723.1 z 11,4SS,37t.tS 15 533 849.00 000 000 000 35 769 575 811 2 527,700 7• 1,713 460 30 3,20C 71092 156 897 97 100 189 74 000 000 000 1064098 75 102 812 BO 229 708 40 0 00 ODO 000 <I0.038,385. 53 Z 717,411.51 2 043 358.44 2 428 ,50030 60,543 26 1711002939 30 .153 56 73 52 000 1557104 88 000 47 654 05 11608 8 174 26 000 14000 000 000 000 2 408 807 49 72 894 56 94 959 91 3d9534110 43,327 24 4171960 38 58216 9315 416 904 99 92~89 149 S3500 2 397 804.76 155262.76 484 ,992 07 24 780 13 19,592.0C 44 331 89 2 535 964 61 131,380 10 111861 59 67153857 18 ,433 27 102 527 92 155,518 11 379 17 756 898 3!1 37 77950 2610061 123 ,642 04 391961 28638 0 60 331 86 19849211 22 083 14 0 00 ODO 000 000 000 000 878,83818 35 198 78 26 743 38 000 000 000 I 531,531 02 44,003 89 41 24492 4 810 225 28 172.737 06 273,913 2◄ 251 45'! 70 9 804 33 24 758 lb 382 832 95 93340 888 157 78 3S 99067 2• 430 77 77,582 22 8 ,599 45 2 496 66 0.00 0 00 000 000 000 000 000 000 000 000 000 000 913 327 71 29,109 O!l 46810 93 000 0 00 000 283,317 51 690 77 000 0,00 000 000 1 072 935 31 95051156 11953017 23,538592.74 2,644 42,9.20 3 <1,48 849 81 97,279,701 .39 18,885 217.66 21 ,124,057.25 Total Investment: Chance In Chance In Endlno Cash Endo.nc:, Cash CASH Balance Balance ,n ~ 2UZ2 251.07 (4,1to,472.0tl) -12% 000 000 0% 36 58J8lll 30 814 ,240M 2% 3 26141915 56 70B 23 2% 000 0 00 ~ 937 203 15 1126,895 60) -12% 000 000 0% '°· 712,438.60 744,053.07 2% 709014 17 (1 719 ,486 13 -71% 30 ,227 08 73 52 0% 1 557 104 811 1 557 104 88 ~ 47 770 13 11808 0% 803426 (140 00> -2% 0 00 000 0% 2:18'5'214 (22 ,065 35] _,,., 351 ,14244 1,607 &I 0'4 38 675 31 93 15 0% 359 926 88 (56 978 111 •14~ 2068,075 45 (329 729 31} -14% 40 26 (24,739~1 -100% 2 555 483 12 19,518 51 1% 587 "392 (84 ,094 65) ·13% 155 lli7 28 37917 ()'!I, 768 377 28 1167889 2% 98,923 18 (24 718 86) -20% 58 097 92 (2 ,233 94) ..4% 000 000 0% 000 000 0% 885 293 58 8 455 40 1% 000 000 ()"A, 1534,28999 2 758 97 0% 4 700049 10 (101 176 18) -2'1(, 2311!>0088 (149531121 -6% 383 766 35 93340 0% 898 7 17 68 12 ,55990 1% 81 ,68301 •.100 79 5% 000 0 00 ()'ll, 000 000 0% 000 000 0% 000 000 0% 895 62587 (17 ,701 &di ·2% 000 0 00 0% .S4,008 28 690 77 °"' 0 00 000 0% 1048461 69 12• 473621 ·2% 22 7311.172. 13 1802 -42081! -3% 93 IM0,861.80 (4,238,839.59} -4% 93,040,861 .80 A-3 CITY OF RANCHO PALO S VERDE S MON TH LY INVES TMENT RE PORT SEPTEMBER 20 23 IHuuof Acqul alt ton M&tutity M;Ul,;IM Boo k lnv~.stm•nl lnv~•tmenl CUSIP1' D11 1e Term Ooi!le Value v,r ue ... ,. Loc.ar Agt1ncy lnYestment Fuml (LA iF,CITY) State of Ca 11fom1a NIA NIA on tlll!lm.afld .. sin .. u2 .C9 ,7J4 .U.2 353% Note (1) CD -No~N&!JO'lli1bl.n M,at·aga 8.ant. 2.'1812023 6Mos 2/21120,4 250 000 250 000 4 00", CD . Non-Ne~~iat:ile t.llall!Ji!I Bank 2l 18f2023 6 Mos :2/21120;24 • 155.830 4 .15/;,S:l<l •00% CD -Bank ol Amer,c;a -Sl11ttl (Ncit1-NegOl1at1h!s) A+ Fll!ICI Cte11:111 union Au st1 n 0022HAB2 6129/2022 SO Mos 612912027 250 000 250 000 355% ,i,,d'lj'1!iC:rUn 00782JAC6 912712023 60 ..-!05 912712028 250.000 250.000 5 07% AJi1:5-ltt1 USA Fed Ce Uri 011852AH3 J/2212023 36MO!!'i 3123/2028 250 000 5 .50.000 5 ,, ... Amerittlln Ex~r Natl Bank 02589A6MJ 3/312022 .36~0!i 313/2025 250 000 I 250 000 1.!IO% Atnenc.an Flt!it Ct Un 02616A6X6 313012023 36 Mos 3/3012026 250 ODO $ 250 000 5 05% Anum.al Cr&Oit Union 0.288l.AA6 1/2012024 12~D5i 112112025 250.000 I 250 000 5 10% A.utium s,.a,e Bank. 05059l.AC6 313112022 48 ""'' 3/31/2026 s 250.000 s 250,000 210% Al.!Stin Tek:c f"eti Cr Umciri 052J92BN6 912112022 24 M'05 912012024 250,000 i 250.000 310% N!OS Book o=5DAK4 3126/2020 48 MOSi 3/26/2024 2';0.000 s 250.000 165% BMW Bank. Of NMtiem Amil!!lflC;cll D55BDA84!i 712:i,•2021 .36Mos 71231202• 250,000 250,000 0.50% Bank or B.aroda 0600JHMTT 712212020 60 Mo1, 712212025 250,000 250.000 0.65 ... B:iink Fo1,,,1:ard 062163BN9 12121112019 60 Mos 12116/2024 250,000 .!50 000 175% Bank Hapoal im 06251A.202 1211.c/2020 60 M05, 12126/2025 2.50,000 250 [)()() 0 .50% Bt1n~er1 Bank 06610RBU .c/1Jl202Z i42Mos 10/1.c/2025 250,000 250 000 205% BankNewpor1 Rtiode ~7JAV6 B/312022 46 Mos Bll/2026 250,000 250,000 l50% Bank,uni!ed 066519QKS J/5/20.l1 60 MQs. l/~202!; 250,000 250,000 OW!-i, Bax1er Creellt Union 07181JA6D 6/2312022 J6 Meis B/2312025 s 250 .000 25o,OOO 310% 6~oas1Bank 072727A23 112.12020 60Mo:s. 1/2<12025 $ 250 .000 250 ,000 170% Beal Bank USA 07371CKJ2 Jiw.1022 4Fl Mc.s. J/.c/202!; s 250 ,000 250,000 190% Ca1itDma 1 Credit Uniofl 1J0162AK6 J/25120:.lJ 7 Mos-10/2512023 s 250 ,000 250,000 4 50% Caprtal On!! 140.2ROBO 11.-17/2021 EIOMo!Sc 11/1712026 250 .000 250 ,000 110')> Capita.I One 1'0.2RQS3 ,12012022 MMos 4120/2027 250 000 250 ,000 2 sos. Celtic. Bank 15118RUX3 4117.'2020 60Mos •. 117/20,5 250 000 250.000 1 5o% Chief Flnl Fed Cr Un R-oct,,ester 1686JLAB1 712912022 60 '-los 7129/2027 W0,000 250 000 3.50% Chief F',nl t="l!!ld Cr Utl Roctie.ster 16EIBJLAE5 10}1212022 36 Mos 1011'412025 'I 250,000 25CJ ODO U0o/o C&ntM F f!(j Cr Un 15643VA68 &2•12023 24 Mo5 5/2412025 $ 250,000 250 000 502% Coa:m11e Credl'l un1cin 19D58L.ABO 2I1JJW2J 36 Mo5 211212026 ' 250,000 250.000 4.65% Comer,i1y Cap11.a1 Bank 20033A3A2 ,11.,20n oo Mos 4/1412027 250,000 250 000 2 65¾ Com munlly Wes;t Cr Un 20416.JAC8 12123,'2022 30 Mo1, 612312025 250,000 250,000 500¾ CommunihjWIClo& F'CU 204 16TAV4 12/812022 J6 MQ-5-1218/2025 250,000 250,000 500% Conne,ctone BanK 20786AD\.6 912,12021 so Mos 9/27/2026 250,000 250 ,000 0.80% CQrtnuus Credit Unlori 20825WAT7 512fli2022 J6Mei!. 5127/2025 250,000 250 000 300% Counly School f"CU 22258JAB7 2/2212023 55 Mos !I/J0/20,7 $ 249 ,000 249 000 ·-Cr&l'.JII Un Of Tex Al.ll!ln 225511<.ABB 712.li:.l022 36 Mos 712212025 $ 250 000 250 000 J [J(N Dar1 Bk. Ma1,on 2J7412ASO 6121120:22 42 ~05 12122.•2025 $ 250 .000 250 000 3 10"4 Depl of Labor Fed Cr Un 2'%1AAD8 911,1202, J6 Mc:. 9/1412026 $ 250 000 250.000 5 60% Di.scoy,a r B.a n.k 254673870 412712022 36 MC$ 4/2812025 $ 250 000 250,000 250% Dort FmilraCililt Cr Ura1Qn 258 .. MAD0 1a,2ei2022 24 MO$ 1012812024 $ W0.000 250 ,000 • IIO"I-Eagl@m.atk Savings Bant. 27004PCM3 31212022 60 Mos 31212027 250,000 250.000 2.00¼ Empciwer Ctl!IIC!i1 Union 291916ABO 912912023 60 Mo1, 9129120:28 250,000 .50 .000 515% E'vansYll le Teac.hers FCtJ <'995"17BC2 216I2D23 12Mo5 2151202' 249,000 249 000 J JO", Farmer-5 11'15 Group FCU 30960QAM9 1/11202:3. 13Mos 1116/2024 s 250,0D0 250.000 500% Fa,ml!lrs&Meti:hants Ba.nk 307811DP1 1/14/,022 50 Mo1, 1/U./2D27 $ 250,000 250.000 1.20% F ilrmers Si.ate Bannk. J10567AG7 11/14/1022 J6 MQS 11/1.c/2025 .$ 250 .000 250,000 500% F'1rst Bilrik Blue Eartt"I 32114f~AY3 10/2112022 JD MQ$ 4121/2025 $ 250 ,000 250.000 • ,451Jii1i. F'1rs1 Comwt F@d Cr Union 31002NAA4 B/812023 2 ... Meis 818/2025 $ 2,s ,000 249 000 550¾ Flrs1 F edtuat S&L J2022EAW6 12/2912021 'DO Mos 1212%!0.26 250 ,000 250,000 1 05,. Fir5f lncJpt Bank J2056VAM9 8123/2023 60Mos 6/J0/2028 250 000 250,000 530% Fir5-1 N.al'l Bank 32110YX<,5 51241,022 60Mos 612•120,7 250 .000 250,000 3.25 ... Fir51 Nad BantcJD.AMA J2117BE07 12/J0/2021 60Mos 12130/2026 250 000 250.000 1 25"" Flu.$hing Bank 3•387AFF 1 111,12022 J6Mo:. 11141202.5 250 000 250,000 4.70% Four Pi!i FCU OmaM 35089LAD5 612912022 60Mos 6l29r.2027 250,000 250.000 3,40% Genief'iltlOn5 Barik 37Ji49CAX5 51121W22 60 ~09i 511212027 5 250,0DO $ 250.000 3.10% GESA Cr Unicri 3742'PAH7 713112023 l6 Mo, 713112026 I 250,000 250.000 5.25% GHS FM Cre-dlt Unl11n :16266l.AA4 9/1512022 6□ MO$ 911512027 $ 250.000 25a 000 380% Greens1.a1e Credit Urilon J9573LDC9 1i 261202J 27 Mos . "2912025 249 ,000 2'9 000 265¾ Hapo Crnnty Cr Uri -Cl 1:3.BNA84 BJJ1 /:?023 -"2 J.jlos 2126/2027 250,000 250 000 5 llO'li, ln tercren 11 San:k NA •58657MC ◄ 1/31/2022 eo MQ5-112912027 250,000 250 000 1 35,i, lns1gli1. Creo1t umo.i •5791JACO 2/2712023 2, Meis 2/2412025 250 .000 25 □ 000 510% JP MQ~ill'l Chase BanK •B128UM)(,• 9/J0/2020 60 Mo:!. 9/30/2025 s 250.000 250,000 0 50 ... Ki!-ml:ia Finl Cn=dit Union 4883BL.AN2 9121/2022 60Mo:5 912112027 $ 250.000 250,000 410% Leit>anon FCU PA 52248l.AB2 8/4120i2 60MO$ 81</2021 $ 250 000 250,000 l55% U beriy F irsl Cr Un 530520AM7 812912023 ..tSMos 813012027 250 000 250,000 5 00% LJ ni::oln Park Cmmy Cr Un 53457•AC2 B/281:2023 60 Mos a12a1202a 250 _000 250 000 500% L1Ye Oak 8.anklnlll 53MJ6UG7 2/1.'2022 48 ~05 2/212026 250,000 250 000 1 25% ~agnoli;a Bank 559552AL5 1013012020 54M05 •130/2025 250,000 250 000 D•O'¼ Mal,1g,a Bank F'SB 56102AAJ5 5129/2020 60Mo5i 5129/2025 250,000 250 000 0 70l- A-4 CITY OF RANCHO PALOS VERDES MONTHLY TREASURER'S REPORT SEPTEMBER 2023 IH1.11&ror Acqu1••Uon Mil1urity M.h'lcet Book lnYHtmtiffl lmi'elJh'llirfll C USI P# o, .. Torm Cite Valu• Value Yli!!~ Martin Busineu EUmk 57116ATMO 111f>/2020 60 Mos. 111512025 250 ,000 250,000 175% Midflorida Cr un,on 59741QAA0 7126/2023 BO Mos 7126/2028 250 ,000 250,000 5 55 % Mineola Cornmumty 8.ank 60273NAB9 t 1/912022 SO Mos 1119/2027 250,000 250 000 51 1)"1, Money One FCU 6938TAL3 91l4(2023 60Mos 9114 /2028 250,000 250 000 5 07 '1\ Morgan Stanley 8k 61690UK82 612 12022 36MOS 61212025 250,000 $ 250 000 305'1!, Mountain Ame< Fed CR UN 62384RALO 813112022 36,.,.os 8/2912025 250.000 $ 250 000 350% ..autuat F1r$t Fe-d' Cr Union 62825MAA2 8/312023 :24MOS 814/2025 250,DDD 250 000 5 20., N..t'I aank or Ccmmil!l,i:11!1 6JJ36aFJ9 111912022 60Mos 111912027 250 D00 250 ,000 115% Nexbank 65JJ.UC01 511512023 :24Mos 511512025 250,000 250 ,000 5 07% New YorK Community Bank 649447UP2 61312021 36 Mos 61312024 250 000 s 250 ,000 0.35% Numerica Cre<lit Union 67054NBAO 11 ,,,2022 24Mos 111,1202, 250,000 s 250 ,000 4 85'1\ Oklahoma F~d Credd Union 67886WABJ 1112212022 24 Mos 11/22J2<124 s 250 000 $ 250 .000 500% Old Oomm1on Nat:! Bank 679585A22 1/2012022 60 Mos 1/20/2027 250 000 $ 250 000 1 15% Old M1uion Barik 68002LC~ •12912022 5-4 Mos 1012912026 250 000 s 250.000 265% Onp~h Feel Cr Union 68283MAG1 911512022 60 Mos 9115/2027 250 000 $ 250 ,000 3 80'11, PaCJr1c West&m Sank 69506YWM7 J/712023 60 Mos 317/2026 250 .000 250 ,000 -515~ Pathfinaer Bank 70320KBR1 1131/2022 60 Mos 112912027 250,000 s 250 ,000 1 20Sb Pima Fed Cr Un 722000ACO 811712023 J6 MO$ 811712026 250 ,000 $ 250,000 5.30% P1t11burgh Clty Hall 72500MAAJ 8116/2022 60Mos 8116/2027 s 250 ,000 ' 250,000 JOO'- Popular Bank 73317AAY8 ,1/13/'202, 36 Mos ,1/1412025 $ 250 ,000 s 250,000 2 •s"4 Preferred Bank LA 740J67MA2 711712020 60Mos 7/1712025 $ 250 ,000 250,000 050% Raymond James Bank 75472RAN1 11/l!fi/2019 60 Mo$ 11126/2024 250,000 s 250,000 1 85'1\ Re>gue, Credit Umon 775J5MAL7 1120/2023 46 Mo• 1•'2012027 250,000 250,000 505% S.aeo&B1ddefords Sav!li 78577THR9 7121/2022 60 Mos 7121/2027 250,000 s 250,000 HS% S.allle ~ae Bank/Sart La.ke 7954504P7 10116/2019 60 Mos 1011612024 250,000 i 250,000 1 90'1\ S.aW)'ers Svgs Bilnk. B0550!BT4 1012812022 60 Mos 10/28/2027 s 250 ,000 $ 250000 4 90¾ St,.aronv1ew Fed Cr un,on 8198668M5 811f>l2022 J6Mo:s. 811512025 s 250 ,000 250,000 340'1> s,onature F 9d Cr Un 82671DAA5 1012712022 48 Mo.s 10/2712026 $ 248,000 5 246 000 "4 60% Southwest Finl Feo Cr Un 84485EIU6 9/21/2022 60Mos 9121/2027 $ 250,000 s 250 000 380% Slate &Ink of India 856285RS2 11127/2'019 72Mos 11 12712024 250 ,000 $ 250.000 2 .05% Texas E.xchange Bank 8824HJJO 10123/2020 60 Mos 10/23/2025 250 ,000 250 000 060% Texas Exchal"lge Baink. 88241TJN1 11 12512020 60 Mos 1112512025 250,000 $ 250,000 060'" Tuas E:icchange Sank. 88241TJR2 1211 !112020 6D Mos 1211812025 250,000 $ 250,000 0 .60 % T eJCilS ~cangl!! BK SSB 88241TNV8 !11512022 51 Mo1 1 !11612026 250,000 $ 250,000 3.60% TM o ,sJCrun BBJ40AAC5 1212212022 J6 Moi 1212212025 250.000 250,000 525% Toyota Financial Svgs Ban)( 89235MLE9 712912021 60Mo, 712912026 $ 250,000 s 250000 095% Trullant Feel Cr Un 89789AAE7 311012023 30Mo, 9110/2025 $ 250,000 250 000 5,05% Trustone Finl c, Un 89841MAF4 711912022 60 Mos 711912027 $ 250,000 250,000 340% TTCU Fed Cr Union 89854LAK9 712612023 6D Mos 712612028 $ 250,000 250 000 5 55% Tucson Ftd C• Un 898.!112.>\C6 918/2023 50 Mo-& 918/2028 250,000 250 ODO 5 .00'll, UBS Bank USA 90348JNJO 612412021 l6Mos 612412024 150,000 250 000 0.35<)1, un1<vers1ty Cred11 Union 914242AAO 2121 12023 31 Mos 9/2612025 s 249 000 249 000 4.00"70 Untied 8af"!k.er,. Bilri~ 909557JPO 12lf612021 56 M<>, 811712026 s 250,000 250 000 1.00"' v,uey Strong Cr un,on 920133AJ4 1211412022 2•Mos 1211312024 250,000 s 250 000 510% Vision Bank of Iowa 928J.<CCL4 11/2912019 72Mos t 112912024 250,000 s 250 000 1.75% Worke!'$ Credfl Un1011 98138MAT7 912912022 60 M<>, 912912027 250,000 $ 250 000 4 50'<. Wort<ers Credit Union 98138MAM2 4117 12023 22Moa 212!112025 249,000 249 000 ,. ... Treas.ury-8.ank or New York(Vlrnng Sparks) UMtCI St atl!ls Tt8a:!i 91282CEX5 !113 012023 ,2Mos 6130/2024 1,000,000 1 .000 ODO 3 00% I Uni1eel State:!i TrH:!i 912828XZ8 6130 12020 60 Me>s 6/3012025 1,000,000 1 000.000 2.75% Unite<! St ates Treas 912B2CBC4 111212021 60 MO$ 12,'3112025 2.000 000 2,000 000 0.38% Ag1tncy Bonds Fe~ Farm Cre<lrt 8.at1k 3133ELF41 6/812022 60Mos 6181202 7 1,000,000 1000000 09,411,t, F&CI Fa,m Cl"fl<hl Baflk 3133EMZ21 8/612021 54 Mo• 4/612026 1,000,000 1 000 000 069% Feel FaJm Credi! Bank 3133ENY)(2 6117/2022 2"4MOS 61171202' 500,000 500 000 3.25% Fe-ti Ftfm Cre<lit Bank 3133ENNX4 1211512022 26Mo, 211412025 1 052 000 I 052.000 167¾ F&d Home Loan Bank J130ASYR4 8/3012022 36 Mo$ 812 812025 1 000,000 I 000 000 4 OD% T ma.I Investments 91 ,11M.272 Summary Weig hted Return 3.32% Local Agency lm,estment Fund (LAIF-CITY) 49.734 "'42 15 Certificate of Deoosrt -M.a iaga Bank 250.000 00 Cen1ficate of De~SII a Ma lag1 Ban~ • 155.830 17 Certificate of Dei;iosrt -St ifel 28 .492.000 00 TreHury BtJI~ • Stijfel 6.552 000 00 T ota.11n"YeS1ments 91 , 18',272.32 BOWt..alancl!-1 789 107 27 F'ed'f Ca1h ~.000 00 St1Jel money m1riel 62 482 21 Total casrt & 1nvtstment 93 040 861 80 T01a l cash & investment from above 93 040 es, 80 A-5 NOTE: Malaga Ballk . CD 5% CITY OF RANC HO PALOS VERDES MONTHLY T REASURER'S REPORT SEPT EMBER 2023 SUMMARY OF CASH BALANCE BY INSTITUTION SEPTEMBER 2023 Stifel -Treasury 9% Bank of thew .. ,, 2% Stifel. Molley Markel 0% State of California -LAIF 53% (1) LAIF marl<et values will be reported to vary from book value ~the Cify calculaled share of lolal LAIF assets is less ihan the City book value Ta the best or my knowledge, there are no misstatem ents of matenal amounts w1lhin this report, or omissions of material amounts to cause lhe report to be m1s leadmg I certify that th,s repM acruralely refleels all Crty ,nveslments and complies with 111e , nvestment pol IC)' of 1ne C1fy or Rancho Palos Verdes as spproved by lhe Ciry CounCII Furthermore, I certify that surftclent investment llqu1d1ty and anticapatad revenues are available to meet the City's expenditure requirements for the nexc SH< monftis Respectlully submItled,