CC SR 20240416 D - Jan 2024 Treasury Report
CITY COUNCIL MEETING DATE: 04/16/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the January 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the January 2024 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, 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
January 2024. 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 $100 million with over $53 million or 53% of
the total cash balance in the Local Agency Investment Fund (LAIF). The City has over
$3.8 million or 4% of the total cash balance with BMO 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 of $29 million or 29%, Treasury Bills and Agency
Bonds $9.5 million or 10% of the total cash balance, and a money market account has a
balance of $314,537 or 1% of the total cash balance. The City holds a money market
account with Stifel for transactions related to the selling and purchasing of investments,
as applicable. 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 34% of the cash balance,
and the Capital Infrastructure Program (CIP) Fund has over $36 million or 37% of 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 $0.1 million
or less than 1% in the Habitat Restoration Fund, approximately $0.2 million or less than
1% in the Quimby Fund, and over $22 million or 23% in Other Restricted Funds.
Compared to the January 2023 balance, the City’s cash balance increased by $4.5
million, primarily due to the increase in revenue sources. This increase is expected and
aligns with the Fiscal Year 2023-24 adopted budget for revenues.
Additionally, while comparing the balance in December 2023, the City’s cash balance
increased by $4.3 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, ACE Capital Engineer for retaining wall
repairs at Crest Road, AMG and Associates for the Ladera Linda Community Park
Project, Dell Marketing for the Microsoft annual contract, Hardy and Harper for the
emergency repair at Dauntless Drive, Hout Construction for Portuguese Bend area
landslide services, Los Angeles County Sheriff’s Department for law enforcement
services, Stay Green for the annual landscape project, and Superion for the annual
permitting license contract. All expenditures were disbursed in accordance with the FY
2023-24 budget.
2
BEGINNING BALANCE
PLUS; DEPOSITS
PLUS; INTEREST EARN INGS(1 )
LESS : CHECK DISBURSEMENTS
LESS ; ELECTRONIC DISBURSEMENTS(2)
ADJUSTMENTS(3)
PLUS: TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
(1) AU LAIF interest is paid quarterly.
(2) Electronic Disbursements :
Payroll
Payroll Charges
Postage
Bank and Merchant Fees
BMO
Operating
4,025 ,2 17 .35
7,659,302.23
(3 ,197,95 7.95)
(725,592 .96)
(69 ,998.20)
(3 ,852,290.08)
3,838 ,680 .39
442,303.23
275,400 .91
7,888.82
725 ,592 .96
(3) The net adjustment was due to void checks and other adjustment.
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2024
Petty Cash
5,000.00
5,000.00
LAIF-CITY
49 ,724,461.20
482,370.42
3,000,000.00
53 ,206,831 .62
Malaga Bank
Non-Negotiable
CD
4 ,447 ,87 1.01
42 ,466 .12
4,490 ,337 .13
Stifel Stifel
Money Market Investment
70 ,676 .79 37 ,794 ,000 .00
243 ,860.58 728,000.00
314 ,537 .37 38 ,522 ,000 .00
JANUARY 2024 CASH BALANCE BY MAJOR FUNDS
0% 0%
Total Cash
96,067 ,226.35
7,659 ,302.23
524 ,836.54
(3,197 ,957 .95)
(725,592.96)
901 ,862.38
3,000 ,000 .00
(3,852,290.08)
100,377,386 .51
■GENERAL FUND 34%
■CIP 37%
■EQUIPMENT REPLACEMENT 3%
111911 ACT 3%
DHABITAT RESTORATION 0%
CQUIMBY0%
COTHER RESTRICTED FUNDS 23%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted by Council Action
BEAUTIFICATION FUND
GIP
EQUIPMENT REPLACEMENT
BUILDING REP LACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subtotal
Restricted by La w or External Agencies
STREET MAINTENANCE
1972 ACT
GAS TAX-SB1
EL PR ADO
CDBG
CDBG-R
1911 ACT
SOLID WASTE
AIR QUALITY MA NAGEMENT
PROPOSITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
ME AS URER
MEASURE M
HABITAT RESTORATION
SUBREGION 1 MAINTENANCE
MEASURE A MAINTENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GIN SBURG CU LTURE ARTS BUILDING
DONOR RESTRICTED CONTRIBUTIONS
FEDERAL GRANTS
STATE GRANTS
FEDER A L GRANTS-AR PA
QUIMBY
LOW-MODERATE INCOME HOUSING
AFFORDABLE HSNG IN LIEU
EET
MEASURE A CAPITAL
BIKEWAYS
UNDERGROUND UTILITIES
RO A DWAY BEAUTIFICATION
MEASURE W
WATER QUALITY FLOOD PROTECTION
REDEVELOPMENT OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECI AL TRUSTS
Subtotal
GRANO TOTAL
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2024
BALA NCE
FORWARD DEBIT CREDIT
30,455,466.81 14,500,837.63 10,358,141 .45
0 .00 0.00 0.00
37,138 ,306 .66 206,369.55 716 ,3 10.57
3.318.970.07 18 ,334.80 13 ,060.30
0.00 0.00 0 .00
1,164,573.88 6 ,495.51 0 .00
0.00 0.00 0.00
41,621,850.61 231,199.86 729,370.87
694,364.42 227.354.84 181 ,465.65
30,478.96 170.00 0.00
1,827 ,3 42 .60 86 ,071 .74 0.00
49,550 .75 624 .18 0 .00
6 ,592.26 34,780.00 13,000.00
0 .00 0.00 0 .00
2,689 ,770.27 103,2 01.62 89 ,575 .8 4
335 ,089.85 35 ,384 .64 15,278.59
38,995.49 14 ,808.64 0.00
425,135.53 73 ,7 39 .95 304,264.75
2,361 ,784 .13 99 ,212 .76 524.40
109,118.40 17 ,843.43 0 .00
2,727,861 .96 68 ,745 .50 1,572 .25
644,931 .02 129,170.34 11 7,872.46
253 ,77 1.40 977.37 183,483.89
782 ,689.79 4,324 .92 11 ,165.54
95 ,502.06 548.79 0.00
50,675 .9 6 6,272.56 29 ,411.96
0.00 0.00 0 .00
0.00 0.00 0 .00
896,702 .67 7,204.38 1,393.73
0.00 0.00 0.00
1,541 ,537 .35 8,601.40 0.00
4,668 ,400.51 26 ,187 .78 48,961 .60
200,546.54 1,118.56 26,126.62
386 ,964.25 2,158.32 0 .00
906,149 .60 5,054 .12 0.00
86,276 .7 9 481 .22 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
851 ,775.95 686,457.89 6 ,362 .03
0 .00 0.00 0.00
286,037 .97 1,595.40 0 .00
0 .00 0.00 0 .00
1,04 1,862.45 64 ,538.50 10,534 .55
23,989,908.93 1,706,628.85 1,040,993.86
96,067 ,226.35 16,438,666.34 12,128,506.18
Total Investment:
Change In Chance In
Endina Cash Endina Cash
CASH Balance Balance in%
34,598,162.99 4,142,696.18 14%
0 .00 0 .00 0%
36,628,365.64 (509.94 1.02 -1%
3,324,244.57 5,274.50 0%
0.00 0.00 0%
1,17 1,069.39 6,495.51 1%
0.00 0 .00 0%
41,123,679.60 (498,171.011 -1%
740,253.61 45,889.19 7%
30,648.96 170.00 1%
1,913 ,414 .34 86 ,071 .74 0%
50 ,174 .93 624.18 1%
28 ,372.26 21 ,780.00 330%
0.00 0 .00 0%
2,703 ,396.05 13 ,625.78 1%
355,195.90 20 ,106.05 6%
53 ,804 .13 14,808.64 38%
194,6 10.73 (230,524 .80) -54%
2,460 ,472.49 98,688.36 4%
126,961 .83 17 ,843.43 16%
2,795,035 .21 67,173.25 2%
656,228.90 11 ,297.88 2%
71 ,264.88 (182,506.52) -72 %
775,849.17 (6,840.62) -1%
96 ,050.85 548.79 1%
27 ,536.56 (23, 139.40) -46%
0.00 0 .00 0%
0 .00 0.00 0%
902 ,513.32 5,810 .65 1%
0.00 0.00 0%
1,550,138.75 8,601.40 1%
4,645 ,626.69 (22 ,773.82) 0%
175,538.48 (25 ,00806) -12 %
389,122 .57 2,158.32 1%
911 ,203.72 5,054 .12 1%
86,758.01 481 .22 1%
0.00 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
1,531 ,871 .81 680,095.86 80%
0 .00 0 .00 0%
287 ,633.37 1,595.40 1%
0 .00 0 .00 0%
1,095,866.40 54 ,003.95 5%
24,655,543.92 665,634 .99 3%
100,377,386.51 4,310,160.16 4%
100 ,377,386.51
A-2
Investment
Local Agency Investment Fund (LAIF-CJTY)
Note (1)
CD -Non-Negotiable
CD -Non-Negotiable
Issuer of
Investment
State of California
Malaga Bank
Malaga Bank
co -Bank of America -Stifel (Non-Negotiable) A+ Fed Credit Union Austin
Advia Cr Un
Alaska USA Fed Ce Un
Alliant Credit Union
American Expr Natl Bank
American First Cr Un
Arsenal Credit Union
Auburn State Bank
Austin Telco Fed Cr Union
AXOSBank
Bank of Baroda
Bank F oiward
Bank Hapoalim
Bankers Bank
BankNewport Rhode
Bankunited
Baxter Credit Union
Baycoast Bank
Beal Bank USA
BMW Bank of Northern
America
Capital One
Capital One
Celtic Bank
Centris Fed Cr Un
Chief Finl Fed Cr Un
Rochester
Chief Finl Fed Cr Un
Rochester
Coastlife Credit Union
Comenity Capital Bank
Community West Cr Un
Communitywide FCU
Connectone Bank
Connexus Credit Union
County School FCU
Credit Un of Tex Allen
Dannemora Fed Cr Un
Dart Bk Mason
Dept of Labor Fed Cr Un
Discover Bank
Dort Financial Cr Union
Eagtemark Savings Bank
Empower Credit Union
Evansville Teachers FCU
Farmers&Merchants Bank
Farmers State Bannk
First Bank Blue Earth
First Comwl Fed Cr Union
First Federal S&L
First lndpt Bank
First Nat'I Bank
First Natl Bank/DAMA
Flushing Bank
Four Pts FCU Omaha
Generations Bank
GESA Cr Union
GHS Fed Credit Union
Greenstate Credit Union
Hapo Cmnty Cr Un
lntercredit Bank NA
Insight Credit Union
JP Morgan Chase Bank
Kemba Finl Credit Union
Lebanon FCU PA
Liberty First Cr Un
Lincoln Park Cmnty Cr Un
live Oak Bankinig
Magnolia Bank
Malaga Bank FSB
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
JANUARY 2024
CUSIP#
00224TAB2
00782JAC6
011852AH3
01882MAH5
02589ABM3
02616ABX6
04288LAA6
05059LAC6
052392BN6
05465DAK4
06063HMT7
062163BN9
06251A2Q2
06610RBL2
06647JAV6
066519QK8
07181JABO
072727AZ3
07371CK32
05580AB45
14042RQBO
14042RQS3
15118RUX3
15643VAB8
16863LAB1
16863LAE5
19058LABO
20033A3A2
20416JAC8
20416TAV4
20786ADL6
20825WAT7
22258JAB7
22551KAB8
236334ADO
237412ASO
24951AAD8
254673870
25844MADO
27004PCM3
291916ABO
299547BC2
307811DP1
310567AG7
32114MAY3
31982NAA4
32022EAW6
32056VAM9
32110YXG5
32117BEQ7
34387AFF1
35089LAD5
37149CAX5
37424PAH7
36266LAA4
39573LDC9
41138NAB4
458657MC4
45791JACO
48128UMX4
48836LAN2
52248LAB2
530520AM7
534574AC2
538036UG7
559582AL5
56102AAJ5
Acquisition
Date
NIA
2/1812023
211812023
612912022
912712023
312212023
1111512023
31312022
3130/2023
112012024
3/3112022
912112022
3/2612020
712212020
12128/2019
1211412020
411312022
81312022
31512021
612312022
112412020
31912022
712312021
1111712021
4120/2022
411712020
512412023
7129/2022
1011212022
211312023
4/1412022
1212312022
121812022
912412021
512612022
212212023
712212022
12/2812023
612112022
9114/2023
412712022
1012812022
31212022
912912023
21612023
111412022
1111412022
1012112022
81812023
1212912021
8/2312023
612412022
1213012021
111412022
6/2912022
511212022
713112023
911512022
112612023
8/3112023
1131/2022
212712023
9/3012020
9/2112022
81412022
8/2912023
8/2812023
21112022
1013012020
5129/2020
Term
NIA
12Mos
12 Mos
60 Mos
60 Mos
36 Mos
60 Mos
36 Mos
36 Mos
12 Mos
48 Mos
24 Mos
48 Mos
60 Mos
60 Mos
60 Mos
42 Mos
48 Mos
60 Mos
36 Mos
60 Mos
48 Mos
36 Mos
60 Mos
60 Mos
60 Mos
24 Mos
60 Mos
36 Mos
36 Mos
60 Mos
30 Mos
36 Mos
60 Mos
36 Mos
55 Mos
36 Mos
60 Mos
42 Mos
36 Mos
36 Mos
24 Mos
60 Mos
60 Mos
12 Mos
60 Mos
36 Mos
30 Mos
24 Mos
60 Mos
60 Mos
60 Mos
60 Mos
36 Mos
60 Mos
60 Mos
36 Mos
60 Mos
27 Mos.
42 Mos.
60 Mos
24 Mos
60 Mos
60 Mos
60 Mos
48 Mos
60 Mos
48 Mos
54 Mos
60 Mos
Maturity
Date
On Demand
212112024
2121/2024
6/2912027
912712028
3/2312026
11115/2028
31312025
3/3012026
112112025
313112026
9/2012024
312612024
7122/2025
12118/2024
12125/2025
1011412025
81312026
31512026
612312025
112412025
31412026
712312024
1111712026
412012027
411712025
512412025
712912027
10114/2025
211212026
411412027
6/2312025
121812025
912712026
512712025
913012027
712212025
12128/2028
12122/2025
911412026
4/2812025
10128/2024
31212027
9/2912028
21512024
111412027
11114/2025
412112025
81812025
1212912026
8/3012028
6124/2027
12/30/2026
1114/2025
6/2912027
5112/2027
713112026
9/1512027
4/2912025
212612027
112912027
212412025
9/3012025
912112027
81412027
8/3012027
8/2812028
21212026
4130/2025
5/2912025
Market
Value
53,206,832
250,000
4,240,337
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
Book
Value
53,206,832
250,000
4,240,337
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
Yield
4.01%
4.00%
4.00%
3.55%
5.07%
5.15%
5.34%
1.80%
5.05%
5.10%
2.10%
3.70%
1.65%
0.65%
1.75%
0.50%
2.05%
3.50%
0.65%
3.10%
1.70%
1.90%
0.50%
1.10%
2.80%
1.50%
5.02%
3.50%
4.60%
4.65%
2.65%
5.00%
5.00%
0.80%
3.00%
4.40%
3.30%
5.30%
3.10%
5.60%
2.80%
4.60%
2.00%
5.15%
3.30%
1.20%
5.00%
4.45%
5.50%
1.05%
5.30%
3.25%
1.25%
4.70%
3.40%
3.10%
5.25%
3.80%
2.65%
5.00%
1.35%
5.10%
0.50%
4.10%
3.55%
5.00%
5.00%
1.25%
0.40%
0.70%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2024
Issuer of Acq uis ition Matu rity Ma rket Book
Investment Investment CUSI P# Date Term Date Val ue Va lue Yletd
Marlin Business Ba nk 571 16ATM0 1/15/2020 60 Mos 1/15/2025 250,000 250,000 1.75%
Midflorida Cr Union 59741QAA0 7/26/2023 60 Mos 7/26/2028 250,000 250,000 5.55%
Mineola Community Bank 60273NAB9 11/9/2022 60 Mos 11/9/2027 250,000 250,000 5.10%
Money One FCU 60936TAL3 9/14/2023 60 Mos 9/14/2028 250,000 250,000 5.07%
Morgan Stan ley Bk 61690UK82 6/2/2022 36 Mos 6/2/2025 250,000 250,000 3.05%
Mounta in Amer Fed CR UN 62384RAL0 8/31/2022 36 Mos 8/29/2025 250,000 250,000 3.50%
Mutual First Fed Cr Union 62825MAA2 8/3/2023 24 Mos 8/4/2025 250,000 250,000 5.20%
Nat'I Bank of Commerce 633368FJ9 1/19/2022 60 Mos 1/19/2027 250 ,000 250,000 1.15%
Nexbank 653344CD 1 5/15/2023 24 Mos 5/15/2025 250,000 250 ,000 5.07%
New York Commu nity Bank 649447UP2 6/3/202 1 36 Mos 6/3/2024 250,000 250,000 0.35%
Numerica Credit Union 67054NBA0 11/4/2022 24 Mos 11/4/2024 250,000 250,000 4.85%
Oklahoma Fed Credit Union 67886WAB3 11/22/2022 24 Mos 1 1/22/2024 250,000 250,000 5.00%
Old Dominion Nat;I Bank 679585AZ2 1/20/2022 60 Mos 1/20/2027 250,000 250,000 1.15%
Old Mission Bank 68002LCN6 4/29/2022 54 Mos 10/29/2026 250,000 250,000 2.65%
Onp ath Fed Cr Uni on 68283MAG1 9/15/2022 60 Mos 9/15/2027 250,000 250,000 3.80%
Pacific W estern Bank 69506YWM7 3/7/2023 60 Mos 3/7/2028 250,000 250,000 5.15%
Pathfinder Bank 70320KBR1 1/31/2022 60 Mos 1/29/2027 250,000 250,000 1.20%
Pima Fed Cr Un 722000AC0 8/17/2023 36 Mos 8/17/2026 250,000 250,000 5.30%
Pi tt sburg h City Hall 72500MAA3 8/16/2022 60Mos 8/16/2027 250 ,000 250,000 3.60%
Popular Bank 73317AAY8 4/13/2022 36 Mos 4/1 4/2025 250,000 250,000 2.45%
Preferred Bank LA 740367MA2 711712020 60 Mos 7/17/2025 250,000 250,000 0 .5 0%
Raymond James Ban k 75472RAN1 11 /26/2019 60Mos 11/26/2024 250 ,000 250,000 1.85%
Rogue Credit Union 77535MAL7 1/20/2023 48 Mos 1/2 0/2027 250,000 25 0,000 5.05%
Saco&Biddefords Savs 78577THR9 7/21/2022 60 Mos 7/2 1/2027 250,000 250,000 3.45%
Sallie Mae Bank/Salt Lake 7954504P7 10/16/2019 60 Mos 10/16/2024 250,000 250,000 1.90%
Sawyers Svgs Bank 805508BT4 10/28/2022 60 Mos 10/28/2027 250 ,000 250,000 4.90%
Sharonview Fed Cr Union 8 19866BM5 8/15/2022 36 Mos 8/15/2025 250,000 250,000 3.40%
Signature Fed Cr Un 82671DAA5 10/27/2022 48 Mos 10/27/2026 248,000 248,000 4.60%
Southwes t F inl Fed Cr Un 84485EAJ6 9/21/2022 60Mos 9/21/2027 250 ,000 250,000 3.80%
State Bank of India 856285RS2 11 /27/2019 72 Mos 11/27/2024 250,000 250,000 2.05%
St Lawrence Fed Cr Un 791125AC 1 12/1/2023 60 Mos 12/1/2028 250 ,000 250,000 5.69%
Texas Exchange Bank 88241TJJ0 10/23/2020 60 Mos 10/23/2025 250,000 250,000 0.60%
Texas Exchange Bank 88241TJN1 11/25/2020 60 Mos 1 1/25/2025 250,000 25 0,000 0 .60%
Texas Exchange Bank 88241T JR2 12/18/2020 60 Mos 12/18/2025 250,000 250,000 0.60%
Texas Excange BK SSB 88241TNV8 8/5/2022 51 Mos 1 1/16/2026 250,000 250,000 3.60%
Th e Dist Cr Un 88340AAC5 12/22/2022 36Mos 12/22/2025 250 ,000 250 ,000 5.25%
Toyota Finan cial Svgs Bank 89235M LE 9 7/29/2021 60 Mos 7/29/2026 250,000 250,000 0 .95%
Trulia nt Fed Cr Un 89789AAE7 3/10/2023 30 Mos 9/10/2025 250 ,000 250,000 5.05%
Trustone Fin l Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2027 250,000 250,000 3 .40%
TTCU Fed Cr Union 89854LAK9 7/26/2023 60 Mos 7/26/2028 250,000 250,000 5.55%
Tucson Fed Ce Un 8988 12AC6 9/8/2023 60 Mos 9/8/2028 250,000 250,000 5 .00%,
UBS Bank USA 90348J N30 6/24/2021 36Mos 6/24/2024 250,000 250,000 0.35%
University Credit Un ion 914242AA0 2/21/2023 3 1 Mos 9/26/2025 249,000 249,000 4.00%
United Bankers Bank 909557JP6 12/16/2021 56 Mos 8/17/2026 250 ,000 250,000 1.00%
Valley Strong Cr Union 920133AJ4 12/14/2022 24 Mos 12/13/2024 250 ,000 25 0,000 5 .10%
Vision Bank of Iowa 92834CCL4 11 /29/2019 72 Mos 11/29/2024 250 ,000 250,000 1.75%
Workers Credit Union 98 138MAT7 9/29/2022 60 Mos 9/29/2027 250,000 250,000 4.50%
Workers Cre dit Union 98138MAM2 4/17/2023 22 Mos 2/28/2025 249 ,000 249,000 1.49%
Workers Fed Cr Un 98138MCB4 11 /15/2023 60 Mos 11/15/2027 250,000 250 ,000 5.35%
Treasury-Bank of New York(Vining Spa rks ) United States Treas 91282CEX5 6/30/2023 12Mos 6/30/2024 1,000 ,000 1,000,000 3.00%
Un ited States Treas 912828XZ8 6/30/2020 60Mos 6/30/2025 1,000,000 1,000 ,000 2 .75%
United States Treas 912796Y52 1/4/2024 6 Mos 7/5/2024 1,000,000 1,000 ,000 5.05%
United State s Treas 91282CAJ0 2/28/2021 20 Mos 8/3 1/2025 1,978 ,000 1,978,000 4.40%
Agency Bonds Fed Farm Credit Bank 3133ELF41 6/8/2022 60 Mos 6/8/2027 1,000 ,000 1,000,000 0.94%
Fed Farm Credit Bank 3133 EMZ21 8/6/2021 54 Mos 4/6/2026 1,000 ,000 1,000,000 0 .69%
Fed Farm Credit Bank 3133ENYX2 6/17/2022 24 Mos 6/17/2024 500 ,000 500,000 3.25%
Fed Farm Credit Bank 3133 ENN X4 12/15/2 022 26 Mos 2/14/2025 1,052,000 1,052 ,000 1.67%
Fed Home Loan Ba nk 3130ASYR4 8/30/2022 36 Mos 8/28/2025 s 1,000 ,000 1,000,000 4.00%
Total Investments 96,219,169
Su mmary:
Local Agency Investm en t Fund (LA IF-C ITY) 53,206,83 1.62
Certificate of Deposit• Ma laga Bank 250,000.00
Certifica te of Deposit. Malaga Bank 4,240,337.13
Certifica te of Deposit . Stifel 28,992,000.00
Treasury Bills & Agency Bonds • Stifel 9,530,000.00
Total Investments 96,219,168.75
BOW balance 3,838 ,680 .39
Petty Cash 5,000 .00
Stifel money market 314,537.37
To tal cas h & investment 100,377,386.51
Total cash & investment from above 100 ,377,386 .51
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NOTE:
Malaga Bank -CD
4%
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2024
SUMMARY OF CASH BALANCE BY INSTITUTION
JANUARY 2024
Stifel • Treasury&Bond
10%
St ife l • Money Market
0%
State of California • LAIF
53 %
(1) LAIF market values will be reported to vary from book va lue if the City calculated share of total LAIF assets is le ss than the Ci ty book va lu e.
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. Furthermore, I ce rtify that sufficient investment liquidity
and anticipated revenues are available to meet the City's expenditure requ irements for the next six months .
Respectfully subm itted,
Treasurer \)~ Dated
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