CC SR 20240507 L - March 2024 Treasury Report
CITY COUNCIL MEETING DATE: 05/07/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the March 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the March 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
March 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 $95.6 million with over $46 million or 48%
of the total cash balance in the Local Agency Investment Fund (LAIF). The City has over
$2.5 million or 3% of the total cash balance with BMO and over $4.2 million or 5% with
Malaga Bank. Additionally, the investments under the City’s brokerage firm Stifel includes
Certificates of Deposit (CD) investments over $28.7 million or 30%, Treasury Bills and
Agency Bonds $13.5 million or 14% of the total cash balance, and a money market
account has a balance of $0.3 million or less than 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 $31 million or 33% of the cash balance,
and the Capital Infrastructure Program (CIP) Fund has approximately $35 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, over $0.1 million or less than
1% in the Quimby Fund, and over $22 million or 24% in Other Restricted Funds.
Compared to the March 2023 balance, the City’s cash balance increased by $0.5 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 February 2024, the City’s cash balance
decreased by $4 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 Engineering for retaining
wall repair 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 on residential streets, Cotton, Shires
and Associates, Geo-Logic Associates, and Hout Construction for Portuguese Bend
Landslide area services, J.F. Prieto Engineer for emergency storm drain cleanup, the Los
Angeles County Sheriff’s Department for law enforcement services, 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 FY
2023-24 budget.
2
BEGINNING BALANCE
PLUS : DEPOSITS
PLUS: INTEREST EARNINGS(1)
LESS : CHECK DISBURSEMENTS
LE SS: ELECTRONIC DISBURSEMENTS(2)
ADJUSTMENTS(3)
PLUS: TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest is pa id quarterly.
(2) Electronic Disburs eme nts :
Payroll
Payroll Charges
Postage
Bank and Merchant Fees
BMO
Operating
5,140 ,991 .53
2,605,694 .28
(4 ,586 ,360.07)
(1,200 ,526.39)
601 .33
3,000 ,000.00
(2,414 ,586.41)
2,545,814 .27
769 ,380 .72
422,077.22
1,500.00
7,568,45
1,200 ,526.39
(3) The net adjustment was due to void checks and ot her adjustment .
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MARCH 2024
Petty Cash LAIF-CITY
5,000.00 49 ,206 ,83 1.62
(3,000,000.00)
5,000.00 46,206,831.62
Malaga Bank
Non-Negotiable
CD
4,490 ,337.13
(250,000.00)
4,240 ,3 37 .13
Stifel Stifel
Money Market Investment
78 ,309.40 40 ,772,000.00
213,635 .81 1,501 ,000.00
29 1,945.2 1 42,273 ,000,00
MARCH 2024 CASH BALANCE BY MAJOR FUNDS
0% 0%
Total Cash
99 ,693,469.68
2,605,694.28
(4,586,360.07)
(1,200,526.39)
1,7 15 ,237 .14
3,000,000.00
(5 ,664 ,586.41)
95,562 ,928.23
■GENERAL FUND 33%
■C IP 37%
■EQUIPMENT REPLACEMENT 3%
D1911 ACT 3%
DHABITAT RESTORATION 0%
DQUIMBYO%
DOTH ER RESTRICTED FUNDS 24%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted by Council Ac/ion
BEAUTIFICATION FUND
CIP
EQUIPMENT REPLACEMENT
BUILDING REPLA CEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subtotal
Restricted by Law or External Aaencies
STREET MAINTENANCE
1972 ACT
GAS TAX-SB1
El PR A DO
CDBG
CDBG-R
1911 ACT
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
MEASURER
MEASURE M
HABITAT RESTOR ATION
SUBREGION 1 MAINTEN ANCE
MEASURE A MAINTENANCE
ABALONE COVE SEWER DISTRICT
RPVTV
GINSBURG CULTURE ARTS BUILD ING
DONOR RESTRI CTED CONTRIBUTIONS
FEDE RAL GRANTS
STATE GRANTS
FEDER A L GR A NTS-A RP A
QUIMBY
LOW-MODERATE INCOME HOUSING
AFFORDABLE HSNG IN LIEU
EET
MEASURE A CAPITAL
BIKEWAYS
UNDERGROUND UTILITIES
ROADWAY BE A UTIFICATION
MEASUREW
WATER QUALITY FLOOD PROTECTION
REDEVELOPMENT OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS
Subtotal
GRAND TOTAL
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MARCH 2024
BA LANCE
FORWARD DEB IT CREDIT
34,795,173.13 10,833,673 .37 14,066,810.08
0.00 0 .00 0 .00
35 ,442 ,305.78 1,273 ,133.63 1,764 ,324.25
3,321 ,46 7.87 73 ,594 .30 31 ,351 .81
0.00 0.00 0 .00
1,171 ,069 .39 4,170.95 0.00
0 .00 0.00 0.00
39,934,843.04 1,350,898.88 1,795,676.06
669 ,762 .54 87 ,400 .02 73,400 .60
30,648 .96 109.16 0.00
2,017 ,140.73 94 ,144 .05 0 .00
50,349 .09 193.56 0.00
28 ,372.26 0.00 15 ,482 .50
0.00 0 .00 0.00
2,725,485.87 13 ,286.85 45 ,993.77
351 ,921 .99 46 ,799 .92 6,931 .00
66,349 .06 221.42 0 .00
280 ,483.35 77 ,164.69 626.75
2 ,563,999 .29 100,451 .35 426,013 .50
126,961 .83 401 .74 42 ,500.00
2,859 ,429.55 10 ,105.55 1,947 .38
707 ,253.58 2,293.32 139,063 .77
71 ,264 .88 253.82 0 .00
774,629 .65 17 ,773.59 3,904.46
96,050.85 312.42 25,000 .00
30,782 .81 17 ,623.60 2,494 .24
0.00 0 .00 0.00
0.00 0 .00 0.00
937 ,513 .32 3,397 .08 496 .14
0.00 0.00 0.00
1,565,534.55 13,013.39 19,455.00
4,524 ,267.46 16,160.24 82 ,326.68
161 ,294.48 551.74 33 ,397 .26
389,122 .57 1,385.92 0.00
911 ,203 .72 3,245.40 0.00
86,758 .01 309 .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
1,502 ,013 .89 5,329.89 46 ,513.51
0.00 0 .00 0.00
287 ,633 .37 1,024.45 0.00
0 .00 0 .00 0 .00
1,147,225.85 68,279.50 68,312 .67
24,963,453.51 581,23 1.67 1,033,859.23
99,693,469.68 12,765,803.92 16,896,345.37
Total Investment:
Change In Change In
Ending Cash Ending Cash
CASH Balance Balance in%
31,562,036.42 {3,233 ,136.71 -9%
0 .00 0 .00 0%
34,951 ,115.16 (491 ,19062 -1%
3 ,363 ,7 10 .3 6 42 ,242.49 1%
0.00 0.00 0%
1,175,240.34 4,170.95 0%
0.00 0.00 0%
39,490,065.86 {444,777 .18 -1%
683 ,761 .96 13,999.42 2%
30,758.12 109.16 0%
2,111 ,284 .78 94 ,144.05 0%
50 ,542 .65 193.56 0%
12 ,889.76 (15 ,482 .50 -55%
0 .00 0.00 0%
2 ,692 ,778.95 (32 ,706 92 -1%
391 ,790 .91 39,868 .92 11%
66 ,570.48 221.42 0%
357,021.29 76 ,537.94 27%
2,238 ,437 .14 (325 ,562 .15 -13%
84 ,863.57 (42 ,098.26) -33%
2 ,867 ,587 .72 8 ,158.17 0%
570,483.13 {136,770.45 -19%
71 ,518 .70 253.82 0%
788,498 .78 13,869 .13 2%
7 1,363 .27 (24 ,687 .58) -26%
45 ,912 .17 15 ,129.36 49%
0.00 0.00 0%
0 .00 0.00 0%
940 ,414 .26 2,900.94 0%
0.00 0.00 0%
1,559 ,092 .94 (6,441 .61 0%
4,458,101 .02 (66 ,166.44 -1 %
128,448.96 (32 ,845.52 -20%
390,508.49 1,385.92 0%
914,449.12 3,245.40 0%
87 ,06 7.01 309.00 0%
0 .00 0.00 0%
0 .00 0.00 0%
0 .00 0.00 0%
0.00 0 .00 0%
1,460,830.27 (41 ,183.62 -3%
0.00 0 .00 0%
288 ,657 .82 1,024.45 0%
0 .00 0.00 0%
1,147 ,192.68 (33 .17 ) 0%
24,510,825 .95 (452,627 .56 -2%
95,562,928.23 {4,130,541.45} -4%
95,562,928.23
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY INVESTMENT REPORT
MARCH 2024
Issuer of Acquisition Maturity Market Book
Investment Investment CUSIP# Date Term Date Value Value Yield
Local Agency Investment Fund (LAIF-CITY) State of California NIA NIA On Demand 46,206,832 46,206,832 4.23%
Note (1)
CD -Non-Negotiable Malaga Bank 2/21/2024 6Mos 8/19/2024 4,240,337 4,240,337 4.25%
CD -Bank of America -Stifel {Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 6/29/2022 60 Mos 6/29/2027 250,000 250,000 3.55%
Advia Cr Un 00782JAC6 9/27/2023 60 Mos 9/27/2028 $ 250,000 250,000 5.07%
Alaska USA Fed Ce Un 011852AH3 3/22/2023 36 Mos 3/23/2026 $ 250,000 250,000 5.15%
Alliant Credit Union 01882MAH5 11/15/2023 60 Mos 11/15/2028 $ 250,000 250,000 5.34%
American Expr Natl Bank 02589ABM3 3/3/2022 36 Mos 3/3/2025 $ 250,000 250,000 1.80%
American First Cr Un 02616ABX6 3/30/2023 36 Mos 3/30/2026 $ 250,000 250,000 5.05%
Arsenal Credit Union 04288LAA6 1/20/2024 12 Mos 1/21/2025 250,000 250,000 5.10%>
Auburn State Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 250,000 250,000 2.10%
Austin Telco Fed Cr Union 052392BN6 9/21/2022 24 Mos 9/20/2024 250,000 250,000 3.70%
Bank of Baroda 06063HMT7 7/22/2020 60 Mos 7/22/2025 250,000 250,000 0.65%
Bank Forward 062163BN9 12/28/2019 60 Mos 12/18/2024 250,000 250,000 1.75%
Bank Hapoalim 06251A2Q2 12/14/2020 60 Mos 12/25/2025 $ 250,000 250,000 0.50%
Bankers Bank 06610RBL2 4/13/2022 42 Mos 10/14/2025 $ 250,000 250,000 2,05%
BankNewport Rhode 06647JAV6 8/3/2022 48 Mos 8/3/2026 $ 250,000 250,000 3.50%
Bankunited 066519QK8 3/5/2021 60 Mos 3/5/2026 $ 250,000 250,000 0.65%
Baxter Credit Union 07181JAB0 6/23/2022 36 Mos 6/23/2025 250,000 250,000 3.10%
Baycoast Bank 072727AZ3 1/24/2020 60 Mos 1/24/2025 250,000 250,000 1.70%
Beal Bank USA 07371CK32 3/9/2022 48 Mos 3/4/2026 250,000 250,000 1.90%
BMW Bank of Northern
America 05580AB45 7/23/2021 36 Mos 7/23/2024 250,000 250,000 0.50%
Capital One 14042RQ80 11/17/2021 60 Mos 11/17/2026 $ 250,000 250,000 1.10%
Capital One 14042RQS3 4/20/2022 60 Mos 4/20/2027 $ 250,000 $ 250,000 2.80%
Celtic Bank 15118RUX3 4/17/2020 60 Mos 4/17/2025 250,000 $ 250,000 1.50%
Centris Fed Cr Un 15643VAB8 5/24/2023 24 Mos 5/24/2025 250,000 250,000 5.02%
Chief Finl Fed Cr Un
Rochester 16863LAB1 7/29/2022 60 Mos 7/29/2027 250,000 250,000 3.50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10/12/2022 36 Mos 10/14/2025 250,000 250,000 4.60%
Coastlife Credit Union 19058LAB0 2/13/2023 36 Mos 2/12/2026 250,000 250,000 4.65%
Comenity Capital Bank 20033A3A2 4/14/2022 60 Mos 4/14/2027 250,000 250,000 2.65%
Community West Cr Un 20416JAC8 12/23/2022 30 Mos 6/23/2025 $ 250,000 $ 250,000 5.00%
Communitywide FCU 20416TAV4 12/8/2022 36 Mos 12/8/2025 $ 250,000 $ 250,000 5.00°/o
Connectone Bank 20786ADL6 9/24/2021 60 Mos 9/27/2026 $ 250,000 250,000 0.80%
Connexus Credit Union 20825WAT7 5/26/2022 36 Mos 5/27/2025 $ 250,000 250,000 3.00%
County School FCU 22258JAB7 2/22/2023 55 Mos 9/30/2027 $ 249,000 249,000 4.40%
Credit Un of Tex Allen 22551KAB8 712212022 36 Mos 7/22/2025 $ 250,000 250,000 3.30%
Dannemora Fed Cr Un 236334AD0 12/28/2023 60 Mos 12/28/2028 $ 250,000 250,000 5.30%
Dart Bk Mason 237412AS0 6/21/2022 42 Mos 12/22/2025 250,000 250,000 3.10%
Dept of Labor Fed Cr Un 24951AAD8 9/14/2023 36 Mos 9/14/2026 250,000 250,000 5.60%
Discover Bank 254673870 4/27/2022 36 Mos 4/28/2025 250,000 250,000 2.80%
Dort Financial Cr Union 25844MAD0 10/28/2022 24 Mos 10/28/2024 250,000 250,000 4.60%
Eaglemark Savings Bank 27004PCM3 3/2/2022 60 Mos 3/2/2027 250,000 $ 250,000 2.00%
Empower Credit Union 291916AB0 9/29/2023 60 Mos 9/29/2028 250,000 $ 250,000 5.15%
Farmers&Merchants Bank 307811DP1 1/14/2022 60 Mos 1/14/2027 250,000 $ 250,000 1.20%
Farmers State Bannk 310567AG7 11/14/2022 36 Mos 11/14/2025 $ 250,000 $ 250,000 5.00%
First Bank Blue Earth 32114MAY3 10/21/2022 30 Mos 4/21/2025 $ 250,000 $ 250,000 4.45%
First Federal S&L 32022EAW6 12/29/2021 60 Mos 12/29/2026 $ 250,000 $ 250,000 1.05%
First lndpt Bank 32056VAM9 8/23/2023 60 Mos 8/30/2028 $ 250,000 $ 250,000 5.30%
First Nat'! Bank 32110YXG5 6/24/2022 60 Mos 6/24/2027 $ 250,000 $ 250,000 3.25%
First Natl Bank/DAMA 32117BEQ7 12/30/2021 60 Mos 12/30/2026 $ 250,000 $ 250,000 1.25%
First Trust & Savs Bank 33743UAB2 2/9/2024 60 Mos 2/9/2029 249,000 249,000 4.90%
Flushing Bank 34387AFF1 11/4/2022 36 Mos 11/4/2025 250,000 250,000 4.70%
Four Pts FCU Omaha 35089LAD5 6/29/2022 60 Mos 6/29/2027 250,000 $ 250,000 3.40%
Generations Bank 37149CAX5 5/12/2022 60 Mos 5/12/2027 250,000 $ 250,000 3.10%
GESA Cr Union 37424PAH7 7/31/2023 36 Mos 7/31/2026 250,000 250,000 5.25%
GHS Fed Credit Union 36266LAA4 9/15/2022 60 Mos 9/15/2027 250,000 250,000 3.80%
Greenstate Credit Union 39573LDC9 1/26/2023 27 Mos. 4/29/2025 $ 249,000 249,000 2.65%
Hapo Cmnty Cr Un 4113BNAB4 8/31/2023 42 Mos. 2/26/2027 $ 250,000 250,000 5.00%
lntercredit Bank NA 458657MC4 1/31/2022 60 Mos 1/29/2027 250,000 250,000 1.35%
Insight Credit Union 45791JAC0 2/27/2023 24 Mos 2/24/2025 250,000 250,000 5.10%
JP Morgan Chase Bank 48128UMX4 9/30/2020 60 Mos 9/30/2025 250,000 250,000 0.50%
Kemba Finl Credit Union 48836LAN2 9/21/2022 60 Mos 9/21/2027 $ 250,000 250,000 4.10%
Lebanon FCU PA 52248LAB2 8/4/2022 60 Mos 8/4/2027 $ 250,000 250,000 3.55%
Liberty First Cr Un 530520AM7 8/29/2023 48 Mos 8/30/2027 250,000 250,000 5.00%
Lincoln Park Cmnty Cr Un 534574AC2 8/28/2023 60 Mos 8/28/2028 250,000 250,000 5.00%
Live Oak Bankinig 538036UG7 2/1/2022 48 Mos 2/2/2026 250,000 250,000 1.25%
Magnolia Bank 559582AL5 10/30/2020 54 Mos 4/30/2025 250,000 250,000 0.40%
Malaga Bank FSB 56102AAJ5 5/29/2020 60 Mos 5/29/2025 250,000 250,000 0.70%
Martin Business Bank 57116ATM0 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%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MARCH 2024
Issuer of Acquisition Maturity Market Book
Inves tment Investment CUSIP# Date Term Date Value Value Yield
Mineola Community Bank 60273NAB9 1119/2022 60 Mos 11 1912027 250,000 250 ,000 5.10%
Money One FCU 60936TAL3 911412023 60 Mos 911412028 250,000 250,000 5.07%
Morgan Stanley Bk 61690UK82 61212022 36 Mos 61212025 250,000 250 ,000 3.05%
Mou ntain A mer Fed CR UN 62384RAL0 8131 /2022 36 Mos 8/2912025 250,000 250,000 3.50%
Mutual First Fed Cr Union 62825MAA2 81312023 24 Mos 81412025 250 ,000 250,000 5.20%
Nal'I Bank of Commerce 633368FJ9 111912022 60 Mos 111912027 250 ,000 25 0,000 1.1 5%
Nexbank 653344CD1 511512023 24 Mos 51 1512025 250,000 250,000 5.07%
New York Community Bank 649447UP2 61312021 36 Mos 61312024 250,000 250,000 0.35%
Noble Fed Credit Union 65504UAA5 21 1512024 60 Mos 211512029 250,000 250 ,000 5.25%
Numerica Credit Union 67054N BA0 111412022 24 Mos 11 1412024 250,000 250,000 4.85%
Oklahoma Fed Credit Union 67886WA83 11 12212022 24 Mos 1112212024 250,000 250,000 5.00%
Old Dominion Nat;I Bank 679585AZ2 112012022 60 Mos 112012027 250,000 250,000 1.15%
Old Mission Bank 68002LCN6 412912022 54 Mos 10/2912026 250,000 250,000 2.65%
Onpalh Fed Cr Union 68283MAG1 911512022 BO Mos 9/1512027 250,000 250,000 3.80%
Pacific Western Bank 69506YWM7 31712023 60 Mos 31712028 250 ,000 250 ,000 5.15%
Pathfinder Bank 70320KBR1 1131 /2022 60 Mos 112912027 250,000 250,000 1.20%
Pima Fed Cr Un 722000AC0 811712023 36 Mos 8/1712026 250,000 250,000 5.30%
Pittsburgh City Hall 72500MAA3 8/1612022 60 Mos 8/1612027 250,000 250,000 3.60%
Popular Bank 73317AAY8 411312022 36 Mos 411412025 250,000 250,000 2.45%
Preferred Bank LA 740367MA2 711712020 60 Mos 711712025 250,000 250,000 0.50%
Raymond James Bank 75472RAN1 11 12612019 60 Mos 11 12612024 250,000 250,000 1.85%
Rogue Credit Union 77535MAL7 112012023 48 Mos 112012027 250,000 250,000 5.05%
Saco&Biddefords Savs 78577THR9 712112022 60 Mos 712 112027 250,000 250 ,000 3.45%
Sallie Mae Bank/Salt Lake 7954504P7 10/1612019 60Mos 1011612024 250,000 250,000 1.90%
Sawyers Svgs Bank 805508BT4 1012812022 60 Mos 1012812027 250,000 250,000 4.90%
Sharonview Fed Cr Union 819866BM5 811512022 36 Mos 8/1512025 250,000 250,000 3.40%
Signature Fed Cr Un 82671DAA5 1012712022 48 Mos 1012712026 248,000 248,000 4.6 0%
Southwest Finl Fed Cr Un 84485EAJ6 912112022 60 Mos 912112027 250,000 250,000 3.80%
State Bank of India 856285RS2 11 12712019 72 Mos 1112712024 250,000 250,000 2.05%
St Lawrence Fed Cr Un 791125AC1 121112023 60 Mos 1211 12028 250 ,000 250,000 5.69%
Texas Exchange Bank 88241T JJ0 1012312020 60 Mos 1012312025 250,000 250,000 0.60%
Texas Exchange Bank 88241TJN1 1112512020 60 Mos 11 12512025 250,000 250,000 0.60%
Te xas Exchange Bank 88241TJR2 1211812020 60 Mos 1211812025 250,000 250 ,000 0.60%
Te xas Excange BK SSB 88241TNV8 81512022 51 Mos 1111612026 250,000 250 ,000 3.60%
The Dist Cr Un 88340AAC5 1212212022 36 Mos 1212212025 250,000 250 ,000 5.25%
Toyota Financial Svgs Ban k 89235MLE9 712912021 60 Mos 712912026 250,000 250 ,000 0.95%
Truliant Fed Cr Un 89789AAE7 31 10/2023 30 Mos 911012025 250,000 250,000 5.05%
Trustone Finl Cr Un 89841MAF4 711912022 60 Mos 711912027 250,000 250,000 3.40%
TTCU Fed Cr Union 89854LAK9 712612023 60 Mos 712612028 250 ,000 250,000 5.55%
Tucson Fed Ce Un 89881 2AC6 91812023 60 Mos 9/812028 250,000 250,000 5.00%
UBS Bank USA 90348JN30 612412021 36 Mos 612412024 250 ,000 25 0,000 0.35%
University Credit Union 914242AA0 212112023 31 Mos 9/2612025 249,000 249,000 4.00%
United Bankers Bank 909557JP6 1211612021 56 Mos 8/1712026 250,000 250,000 1.00%
Valley Strong Cr Union 920133AJ4 1211412022 24 Mos 121 1312024 250,0 00 250,000 5.10%
Vision Bank of Iowa 92834CCL4 1112912019 72 Mos 11 12912024 250,000 250,000 1.75%
Workers Credit Union 98138MAT7 912912022 60 Mos 912912027 250,000 250,000 4.5 0%
Workers Credit Union 98 138MAM2 411712023 22 Mos 212812025 249,000 249 ,000 1.49 %
Workers Fed Cr Un 98138MC84 11 11512023 60 Mos 11 11512027 250,000 250 ,000 5.35%
Treasury-Bank of New Yo rk (Vining Sparks) United States Treas 91282CEX5 6130/20 23 12Mos 6/3012024 1,000,000 1,000 ,000 3.00%
United States Treas 912828XZ8 6/3012020 60 Mos 6130/2025 1,000,000 1,000,000 2.75%
United States Treas 912796Y52 11412024 6Mos 71512024 1,000,000 1,000,000 5.05%
United States Treas 91282CAJ0 212812021 20Mos 813112025 1,978,000 1,978 ,000 4.40%
Agency Bonds Fed Ag ric MTG Corp 31424WFC1 112212024 36 Mos 112212027 1,000 ,000 1,000,000 5.00%
Fed Farm Credit Bank 3133ELF41 61812022 60 Mos 61812027 1,000,000 1,000,000 0.94%
Fed Farm Credit Bank 3133EMZ21 81612021 54 Mos 41612026 1,000,000 1,000,000 0.69%
Fed Farm Credit Bank 3133ENYX2 611712022 24 Mos 6/1712024 500 ,000 500 ,000 3.25%
Fed Farm Cred it Bank 3133ENNX4 121 1512022 26 Mos 211412025 1,052,000 1,052,000 1.67%
Fed Home Loan Bank 3130ASYR4 8130/2022 36 Mos 8/2812025 1,000,000 1,000,000 4.00%
Fed Home Loan MTG Corp 3134H1UZ4 212612024 60 Mos 212612029 1,000,000 1,000,000 5.00%
Fed Home Loan Bank 313384840 31812024 5 Mos 81912024 1,000,000 1,000,000 5.07%
Fed Home Loan Bank 313384ZE2 311412024 4 Mos 711012024 1,000,000 1,000,000 5.12%
Total Investments 92,720,169
Summary:
Local Agency Investment Fund (LAIF-CITY) 46,206,831 .62
Certificate of Deposit -Malaga Bank
Certificate of Deposit • Malaga Bank 4 ,240,337 .13
Certificate of Deposit -St ifel 28,743 ,000.00
Treasury Bills & Agency Bonds -Stifel 13,530,000.00
Total Investments 92,720,168.75
BOW balance 2,545 ,814.27
Petty Cash 5,000 .00
Stifel money market 291 ,945.21
Total cash & investment 95,562,928.23
Total cash & investment from above 95,562 ,928.23
A-4
NOTE:
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
MARCH 2024
SUMMARY OF CASH BALANCE BY INSTITUTION
MARCH 2024
Stifel -Treasury&Bo nd
14%
Ma laga Bank -CD
5%
St ifel -Money Market
0%
Sta t e of California -LAIF
48%
(1) LAIF market values will be reported to vary from book value if the City calcu lated share of total LAIF assets is less than the City book value.
To the best of my knowledge, there are no misstatements of material amounts within this report :
or omissions of material amoun ts 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 certify that sufficient investment liqu idity
and anticipated revenues are available to meet the City's expenditure requirements ror the ne xt six months.
Dated
A-5