CC SR 20240416 E - Feb 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 February 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the February 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
February 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 $99.7 million with approximately $49 million
or 49% of the total cash balance in the Local Agency Investment Fund (LAIF). The City
has over $5 million or 5% of the total cash balance with BMO 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 over $29 million or 29%, Treasury Bills
and Agency Bonds of $11.5 million or 12% of the total cash balance, and a money market
account has a balance of $78,309 or 1% of the total cash balance. 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
In summary, the City’s General Fund has over $34 million or 35% of the cash balance,
and the Capital Infrastructure Program (CIP) Fund has over $35 million or 36% 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 $23 million or 23% in Other Restricted Funds.
Compared to the February 2023 balance, the City’s cash balance increased by over $3
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 January 2024, the City’s cash balance
decreased by $0.7 million, mainly attributed to the timing of billing for general services
and disbursements for City-approved projects. The major disbursements for this month
included Aleshire and Wynder for legal services, ACE Capital Engineer for retaining wall
repairs at Crest Road, Ambit Construction for the Point Vicente Interpretive Center
restroom project, AMG and Associates for the Ladera Linda Community Park Project,
Clark Contracting for emergency sinkhole repairs at residential streets, Hardy and Harper
for the annual right-of-way maintenance program, Hout Construction for Portuguese Bend
area landslide services, J.F. Prieto Engineer for Abalone Cove area emergency repair s,
the Los Angeles County Sheriff’s Department for law enforcement services, and J. H.
Drilling for the Abalone Cove dewatering wells replacement project. All expenditures were
disbursed in accordance with the FY 2023-24 budget.
2
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS : INTEREST EARNINGS (1)
LESS : CHECK DISBURSEMENTS
LESS : ELECTRONIC DISBURSEMENTS(2)
ADJUSTMENTS(3)
PLUS: TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest is paid quarterly .
(2) Electronic Disbursements:
Payroll
Payroll Charges
Postage
Bank and Merchant Fees
BMO
Operating
3,838 ,680.39
2,910,026 .37
(2 ,939,190.48)
(763,817.34)
(1 ,274.74)
4,000,000.00
(1,903,432.67)
5,140,991.53
467,908.21
278,391 .33
1,500.00
16,017 .80
763,817 .34
(3) The net adjustment was due to void checks and other adj ustm ent .
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
FEBRUARY 2024
Petty Cas h LA IF-CITY
5,000.00 53 ,206,831 .62
(4,000,000 .00)
5,000.00 49 ,206,831.62
Malaga Bank
Non-Negotlable
co
4,490,337.13
4,490 ,337 .13
Stifel Stifel
Money Ma rket Investment
314,537 .37 38 ,522,000.00
(236 ,227 .97) 2,2 50,000.00
78 ,309.40 40 ,772 ,000.00
FEBRUARY 2024 CASH BALANCE BY MAJOR FUNDS
0% 0%
Total Cash
100,377 ,386.51
2,910,026.37
(2 ,939 ,190.48)
(763,8 17.34)
2,012 ,497 .29
4,000 ,000.00
(5,903,432.67)
99 ,693,469.68
■GENERAL FUND 35%
■C IP36%
■ EQU IPMENT REPLACEMENT 3%
Gl911 ACT 3%
DHABITAT RESTORATION 0%
D Q UIMBYO%
COTHER RESTRICTED FUNDS 23%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted by Council Action
BEAU TI FICATION FUND
GIP
EQUIPMENT REPLACEMENT
BUILDING REPL AC EMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Sub total
Restricted by Law or External Agencies
STREET MAINTENANCE
1972 ACT
GAS TAX-SB1
EL PRADO
CDBG
CDBG-R
1911 ACT
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PROPOS ITION A
PUBLIC SAFETY GRANTS
MEAS URER
MEASURE M
HABITAT RESTORATION
SUBREGION 1 MAINTENANCE
MEASURE A MA INTENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GINSBURG CULTURE ARTS BUILDING
DONOR RESTR ICTED CONTRIBUT IONS
FEDERAL GRANTS
STATE GRANTS
FEDERAL GRANTS-A RPA
QUIMBY
LOW-MOD ERATE INCOME HOUSING
AFFORDABLE HSNG IN LIEU
EET
MEASURE A CAP ITAL
BIKEWAYS
UNDERGROUND UTILITIES
ROADWAY BE A UTIF ICATION
MEASUREW
WATER QUALITY FLOOD PROTECTION
REDEVELOPMENT OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS
Subtotal
GRAN D TOTAL
C ITY OF RANC HO PALOS V ERDES
MONT HLY TREAS U RER'S REPORT
FEBRUARY 20 24
BAL A NCE
FOR WAR D DEB IT CRED IT
34,598 ,162.99 10,937,876.72 10,740,866.58
0.00 0 .00 0 .00
36,628 ,365 .64 0.00 1,186 ,059.86
3,324 ,244.57 97.68 2,874.38
0.00 0 .00 0.00
1,171 ,069 .39 0 .00 0.00
0.00 0.00 0.00
41,123,679.60 97 .68 1,188,934.24
740.253 61 89 ,814.69 160,305 .76
30 ,648.96 0.00 0.00
1,913,414 .34 103,726 .39 0 .00
50,174 .93 174.16 0 .00
28 ,372.26 0.00 0.00
0 .00 0 .00 0.00
2,703 ,396.0 5 44 ,025.46 21,935.64
355 ,195 .90 9.537 .09 12 ,811 .00
53 ,804 .13 12 ,544.93 0.00
194,610.73 85,872 .62 0.00
2,460,472.49 103 ,526.80 0.00
126,961 .83 0 .00 0.00
2 ,795 ,035.21 64,394.34 0.00
656 ,228.90 72,889.09 21 ,864.41
71 ,264.8 8 0.00 0.00
775 ,849 .17 0.00 1,219.52
96 ,050.85 0.00 0.00
27 ,536 .56 6 ,033.89 2,787.64
0.00 0.00 0.00
0.00 0 .00 0.00
902 ,513 .32 35 ,000.00 0 .00
0.00 0.00 0.00
1,550,138.75 15,3 95 .80 0.00
4,645 ,626 .69 0.00 121 .359.23
175,538.48 0 .00 14 ,244 .00
389,122 .57 0.00 0.00
911 ,203.72 0 .00 0 .00
86,758.01 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 0.00
1,531 ,871 .81 0.00 29.857 92
0 .00 0 .00 0 .00
287 ,633.37 0.00 0.00
0.00 0 .00 0 .00
1,095,866.40 86,047.00 34 ,687.55
24,655,543.92 728,982.26 421,072.67
100,377,386.51 11,666,956.66 12,350 ,873 .49
Total Investme nt:
Change In Change In
Ending Cash Ending Cash
CASH Balance Balance in%
34,795,173.13 197,01 0.14 1%
0 .00 0.00 0%
35 ,442 ,305.78 (1 ,186,059.86 -3%
3,321 ,467 .87 (2 ,776 70 0%
0.00 0 .00 0%
1,171 ,069.39 0 .00 0%
0.00 0 .0 0 0%
39,934,843 .04 (1,188,836.56) -3%
669 ,762.54 (70,491 .07 -10%
30,648.96 0.00 0%
2 ,0 17 ,140 .73 103.726.39 0%
50 ,349.09 174.16 0%
28,372.26 0.00 0%
0.00 0 .00 0%
2,725,485.87 22,089.82 1%
351 ,921.99 (3 ,273 .91) -1%
66.349.06 12,544.93 23%
280 ,483.35 85,872.62 44%
2,563 .999.29 103,526.80 4%
126,961 .83 0.00 0%
2,859 ,429 .55 64 ,394.34 2%
707 ,253 .58 51,024 .68 8%
71,264.88 0.00 0%
774,629 .65 (1 ,219.52 0%
96,050.85 0 .00 0%
30 ,782 .81 3,246.25 12%
0.00 0 .00 0%
0.00 0.00 0%
937 ,513.32 35,000 .00 4%
0.00 0.00 0%
1,565 ,534 .55 15.395.80 1%
4,524 ,267.46 (121 ,359.23) -3%
161 ,294.48 (14 ,244.00) -8%
389 ,122.57 0.00 0%
911 ,203.72 0.00 0%
86.758 01 0.00 0%
0.00 0 .00 0%
0.00 0 .00 0%
0.00 0 .00 0%
0.00 0 .00 0%
1,502 ,0 13.89 (29 ,857.92 -2%
0 .00 0 .00 0%
287 ,633 .37 0.00 0%
0.00 0 .00 0%
1,147 ,225 .85 51 ,359.45 5%
24,963,453.51 307 ,909.59 1%
99,693,469.68 (683,916.83) -1%
99 ,693,469 .68
A-2
Investment
Local Agency Investment Fund (LA!F-CITY)
Note (1)
CD -Non-Negotiable
CD -Non-Negotiable
Issuer of
Investment
State of California
Malaga Bank
Malaga Bank
CD -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
AXOS Bank
Bank of Baroda
Bank Forward
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
Eaglemark Savings Bank
Empower Credit Union
Farmers&Merchants Bank
Farmers State Bannk
First Bank Blue Earth
First Comwl Fed Cr Union
First Federal S&L
First !ndpt Bank
First Nat'I Bank
First Natl Bank/DAMA
First Trust & Savs Bank
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
FEBRUARY 2024
CUSIP#
00224TAB2
00782JAC6
011852AH3
01882MAH5
02589ABM3
02616ABX6
04288LAA6
05059LAC6
052392BN6
05465DAK4
06063HMT7
0621638N9
06251A2Q2
06610RBL2
06647JAV6
066519QK8
07181JAB0
072727AZ3
07371CK32
05580AB45
14042RQB0
14042RQS3
15118RUX3
15643VAB8
16863LAB1
16863LAE5
19058LAB0
20033A3A2
20416JAC8
20416TAV4
20786ADL6
20825WAT7
22258JA87
22551KA88
236334AD0
237412AS0
24951AAD8
254673870
25844MAD0
27004PCM3
291916AB0
307811DP1
310567AG7
32114MAY3
31982NAA4
32022EAW6
32056VAM9
32110YXG5
32117BEQ7
33743UAB2
34387AFF1
35089LAD5
37149CAX5
37424PAH7
36266LAA4
39573LDC9
41138NAB4
458657MC4
45791JAC0
48128UMX4
48836LAN2
52248LAB2
530520AM7
534574AC2
538036UG7
559582AL5
56102AAJ5
Acquisition
Date
N/A
2/18/2023
2/18/2023
6/29/2022
9/27/2023
3/22/2023
11/15/2023
3/3/2022
3/30/2023
1/20/2024
3/31/2022
9/21/2022
3/26/2020
7/22/2020
12/28/2019
12/14/2020
4/13/2022
8/3/2022
3/5/2021
6/23/2022
1/24/2020
3/9/2022
7/23/2021
11/17/2021
4/20/2022
4/17/2020
5/24/2023
7/29/2022
10/12/2022
2/13/2023
4/14/2022
12/23/2022
12/8/2022
9/24/2021
5/26/2022
2/22/2023
7/22/2022
12/28/2023
6/21/2022
9/14/2023
4/27/2022
10/28/2022
3/2/2022
9/29/2023
1/14/2022
11/14/2022
10/21/2022
8/8/2023
12/29/2021
8/23/2023
6/24/2022
12/30/2021
2/9/2024
11/4/2022
6/29/2022
5/12/2022
7/31/2023
9/15/2022
1/26/2023
8/31/2023
1/31/2022
2/27/2023
9/30/2020
9/21/2022
8/4/2022
8/29/2023
8/28/2023
2/1/2022
10/30/2020
5/29/2020
Term
NIA
12 Mos
12 Mos
60 Mos
60 Mos
36 Mos
60 Mos
36 Mos
36 Mos
12Mos
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
60Mos
36 Mos
55 Mos
36 Mos
60 Mos
42 Mos
36 Mos
36 Mos
24 Mos
60 Mos
60 Mos
60 Mos
36 Mos
30 Mos
24 Mos
60 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
2/21/2024
2/21/2024
6/29/2027
9/27/2028
3/23/2026
11/15/2028
3/3/2025
3/30/2026
1/21/2025
3/31/2026
9/20/2024
3/26/2024
7/22/2025
12/18/2024
12/25/2025
10/14/2025
8/3/2026
3/5/2026
6/23/2025
1/24/2025
3/4/2026
7/23/2024
11/17/2026
4/20/2027
4/17/2025
5/24/2025
7/29/2027
10/14/2025
2/12/2026
4/14/2027
6/23/2025
12/8/2025
9/27/2026
5/27/2025
9/30/2027
7/22/2025
12/28/2028
12/22/2025
9/14/2026
4/28/2025
10/28/2024
3/2/2027
9/29/2028
1/14/2027
11/14/2025
4/21/2025
8/8/2025
12/29/2026
8/30/2028
6/24/2027
12/30/2026
2/9/2029
11/4/2025
6/29/2027
5/12/2027
7/31/2026
9/15/2027
4/29/2025
2/2612027
1/29/2027
2/24/2025
9/30/2025
9/21/2027
8/4/2027
8/30/2027
8/28/2028
2/2/2026
4/30/2025
5/29/2025
$
$
$
$
$
$
$
s
$
Market
Value
49,206,832
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
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
249,000
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
49,206,832
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
250,000
250,000
250,000
249,000
250,000
250,000
250,000
250,000
249,000
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
4.12%
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%
1.20%
5.00%
4.45%
5.50%
1.05%
5.30%
3.25%
1.25%
4.90%
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
FEBRUARY 2024
Issuer of Acqu is ition Maturity Market Book
In vestment In vestment CUSIP# Date Term Date Value Value Yield
Marlin Business Bank 57116ATM0 1/15/2020 60 Mos 1/15/2025 250,000 250 ,000 1.75%
Mid fl orida Cr Union 59741OAA0 7/26/2 023 60 Mos 7/26/2028 250,000 250,000 5.55%
Mineola Comm unity 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 Stanley Bk 61690UK82 6/2/2022 36 Mos 6/2/2025 250 ,000 250 ,000 3.05%
Mountain Amer Fed CR UN 62384RAL0 8/3 1/2022 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't Bank of Commerce 633368FJ9 1/19/2022 60Mos 1/19/2027 250 ,000 s 250 ,000 1.15%
Nexbank 653344CD1 5/15/2023 24 Mos 5/15/2025 250,000 250,000 5.071%
New York Community Bank 649447UP2 6/3/2021 36 Mos 6/3/2024 250,000 250,000 0.35%
Noble Fed Credit Union 65504UAA5 2/15/2024 60 Mos 2/15/2029 250,000 250,000 5.25%
Numerica Credit Union 67054NBA0 11/4/2022 24 Mos 11 /4/2024 250,000 250,000 4.85%
Okla homa Fed Credit Union 67886WAB3 11/22/2022 24 Mos 11/22/2 024 250,000 250,000 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 /2 022 54 Mos 10/29/2026 250 ,0 00 250 ,000 2.65%
Onpath Fed Cr Union 68283MAG1 9/15/2022 60 Mos 9/15/2027 250 ,000 250,000 3.80%
Pacific Western Bank 69506YWM7 3/7/2023 60 Mos 317/2028 250 ,000 250,000 5.15%
Pathfinder Bank 70320KBR 1 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%
Pittsburgh City Hall 72500MAA3 8/16/2022 60 Mos 8/16/2027 250,000 250 ,000 3.60%
Popular Bank 73317AAY8 4/13/2022 36 Mos 4/14/2025 250,000 250,000 2.45%
Preferred Bank LA 740367MA2 7/17/2020 60 Mos 7/17/2025 250,000 250,000 0.50%
Raymond James Bank 75472RAN1 11/26/2019 60 Mos 11/26/2024 250,000 250 ,000 1.85%
Rogue Credit Union 77535MAL7 1/20/2023 48 Mos 1/20/2027 250 ,000 250,000 5.05%
Saco&Bidd efords Savs 78577THR9 7/2 1/2022 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 60Mos 10/2 8/2027 250,000 250 ,000 4.90 %
Sharonview Fed Cr Union 819866BM5 8/15/2022 36 Mos 8/15/2025 250,000 250,000 3.40%
Signature Fed Cr Un 82671DAA5 10/27/2 022 48 Mos 10/27/2026 248,000 248 ,000 4.60%
Southwest Finl Fed Cr Un 84485EAJ6 9/21/2022 60 Mos 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 88241T JJ0 10/23/2020 60 Mos 10/23/2025 250,000 250 ,000 0.60%
Texas Exchange Bank 88241TJN1 11/25/2020 60 Mos 11/25/2025 250,000 250 ,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 11 /16/2026 250,000 250 ,000 3.60%
The Dist Cr Un 88340AAC5 12/22/2022 36 Mos 12/22/2025 250,000 250 ,000 5.25 %
Toyota Financial Svgs Bank 89235MLE9 7/29/2021 60 Mos 7/29/2026 250,000 250,000 0.95%
Truliant Fed Cr Un 89789AAE7 3/10/2023 30 Mos 9/10/2025 250 ,000 250 ,000 5.05%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2 027 250 ,000 250,000 3.40 1%
TTCU Fed Cr Union 89854LAK9 7/26/2023 60 Mos 7/26/2028 250 ,000 250,000 5.55%
Tucson Fed Ce Un 898812AC6 9/8/2023 60 Mos 9/8/2028 250,000 250 ,000 5.00 %
UBS Bank USA 90348JN30 6/24/2021 36 Mos 6/24/2024 250 ,000 250,000 0.35%
University Credit Union 914242AA0 2/21/2023 31 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 920 133AJ4 12/14/2022 24 Mos 12/13/2024 250,000 s 250 ,000 5.10%
Vision Bank of Iowa 92834CCL4 11 /29/2019 72 Mos 11 /29/2024 250,000 s 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 Un ion 98138MAM2 4/17/2023 22Mos 2/28/2025 249 ,000 249 ,000 1.49%
Workers Fed Cr Un 98138MC84 11 /15/2023 60 Mos 11/15/2027 250 ,000 250 ,000 5.35%
Treasury-Bank of New York(Vining Sparks) United States Treas 91282CEX5 6/30/2023 12 Mos 6/30/2024 1,000 ,000 1,000,000 3.00%
United States Treas 912828XZ8 6/30/2020 60 Mos 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 States Treas 91282CAJ0 2/28/2021 20 Mos 8/31 /2025 1,978,000 1,978 ,000 4.40%
Agency Bonds Fed Agric MTG Corp 31424WFC1 1/22/2024 36 Mos 1/22/2027 1,000,000 1,000,000 5.00%
Fed Fa rm Credit Bank 3 133ELF41 6/8/2022 60Mos 6/8/2027 1,000 ,000 1,000 ,000 0.94 %
Fed Farm Credit Bank 3133EMZ21 8/6/202 1 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 3133ENNX4 12/15/2022 26 Mos 2/14/2025 1,052 ,000 1,052,000 1.67%
Fed Home Loan Bank 3130ASYR4 8/30/2022 36 Mos 8/28/2025 1,000,000 1,000 ,000 4.00%
Fed Home Loan MTG Co rp 3134H1UZ4 2/26/2024 60 Mos 2/26/2029 1,000 ,000 1,000 ,000 5.00 %
Total Investments 94,469,169
Summary :
Local Agency Investment Fund (LA IF-C ITY) 49 ,206,831.62
Certificate of Deposit. Malaga Bank 250,000 .0 0
Certificate of Deposit • Malaga Bank 4 ,240,337.13
Certificate of Deposit• Stifel 29 ,242 ,000.00
Treasury Bills & Agency Bonds • Stifel 11 ,530 ,000.00
Total Investments 94,469,168, 75
BOW balance 5,140,991.53
Petty Cash 5,000.00
Stifel money market 78 ,309.40
Total cash & inves tment 99 ,693 ,469.68
Total cash & investment from above 99 ,693,469 .68
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NOTE :
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
FEBRUARY 2024
SUMMARY OF CASH BALANCE BY INSTITUTION
FEBRUARY 2024
Stifel -Treas ury&Bond
12%
Malaga Bank -CO
5%
Stife l -Money Market
0%
State of Ca liforni a -LA IF
49%
(1) LAI F market values will be rep orted to vary from book va lue if the City calc ulated share of total LA IF assets is less than the City book value.
To the best of my knowledge , there are no mis statements of material am ounts with in th is report ;
or omissions of material amounts to cause the rep ort to be misleading .
I ce rti fy that thi s report accurately reflects all City investments and co mplies wi th the investment policy of the City
of Rancho Palos Verdes as approved by the City Council . Furthermore , I certi fy that sufficient investment liquidity
and anticipated re ve nu es are availab le to meet the City's expenditure requirements for the next six months.
Respectfully submitted ,
Treasure r Date d
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