CC SR 20241106 C - City September Treasury Report
CITY COUNCIL MEETING DATE: 11/06/2024
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the September 2024 Cash
Balances/Monthly Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the September 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
September 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 $97 million with over $25.2 million or 26%
of the total cash balance in the Local Agency Investment Fund (LAIF). The City has a
total of over $8.8 million or 10% of the total cash balance with BMO, which includes $3.3
million in checking for operational needs. In April 2024, the City opened a new money
market account with a starting balance of $0.5 million of idle funds to maximize interest
earnings instead of leaving the amount in the BMO checking account. Additionally, over
$4.3 million or 4% is with Malaga Bank.
Investments under the City’s brokerage firm Stifel include Certificates of Deposit (CD)
investments of $27.7 million or 28%, Treasury Bills and Agency Bonds $29.4 million or
30% of the total cash balance, and a money market account has a balance of $1.8 million
1
or less than 2% 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.
In summary, the City’s General Fund has over $38 million or 40% of cash balance, and
the Capital Infrastructure Program (CIP) Fund has over $28 million or 30% of cash
balance. The remaining cash balances are in the Equipment Replacement Fund with over
$3 million or 3%, approximately $3 million or 3% in the 1911 Act Fund, approximately
$0.1 million or less than 1% in the Quimby Fund, and over $23 million or 24% in Other
Restricted Funds.
Compared to the September 2023 balance, the City’s cash balance increased by $4.5
million, primarily due to the $5 million landslide relief social program grant funding from
Fourth District Los Angeles County Supervisor Janice Hahn. On October 1, 2024, the City
Council approved allocating $2.8 million of the $5 million grant to provide financial
assistance of $10,000 per eligible property owners affected by the Portuguese Bend land
movement and utility shut offs. The remaining $2.2 million was designated for emergency
repairs in the landslide areas.
Additionally, while comparing the balance in August 2024, the City’s cash balance
increased by $3.4 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, Cotton, Shires and Associates for
geologic evaluation in the Portuguese Bend Landslide area, Geologic Associates for
emergency hydraugers engineering services, LSA Associates for environmental
monitoring services, Malcolm Drilling for emergency landslide services related to deep
dewatering wells tasks, and Ocean Blue Environmental for emergency sewage services
at Figtree Lane and Narcissa Drive. All expenditures were disbursed in accordance with
the Fiscal Year 2024-25 budget and the City Council’s approved expenditures related to
the landslide.
2
BEGINNING BALANCE
PLUS: DEPOSITS
PLUS: INTEREST EARNINGS(1)
LESS : CHECK DI SBURSEMENTS
LESS: ELECTRONIC DISBURSEMENTS(2)
ADJ USTMENTS(3)
PLUS: TRANSFERS IN
LE SS: TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest is paid quarterly.
(2) Electronic Disbursements:
Payroll
Payroll Charges
Bank and Merchant Fees
HSA-ER
Petty Cash
BMO
Operating
2,794 ,7D2 .29
7,537 ,036 .88
(3 ,570,372.80)
(813 ,704 .38)
18,455.71
4,000 ,000 .00
(6,595,982.74)
3,370,134 .96
496,716.73
298,611 .88
16,399.60
1,729 .17
247 .00
813 ,704.38
(3) The net adjustment was due to void checks and miscellaneous adjustment.
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
SEPTEMBER 2024
Malaga Bank
BMO Non -Negotiable
MMOA Petty Cash LAIF-C ITY CD
1,523 ,143.61 5,DDD .00 29 ,249,793.94 4,327 ,874.73
4 ,000 ,000.00
(4 ,000,000.00)
5,523,143.61 5,000.00 25,249,793.94 4 ,327 ,874.73
SEPTEMBER 2024 CASH BALANCE BY MAJOR FUNDS
0% 0%
Stifel Stifel
Money Mar ket Investment Total Cash
257 ,853 .31 55,922,000.00 94 ,080 ,367 .88
7,537,036 .88
(3 ,570 ,372.80)
(813,704 .38)
1,590,382.47 1,250 ,000.00 2,858 ,838.18
8,000,000.00
(10 ,595,982 .74)
1,848 ,235.78 57 ,172,000.00 97 ,496,183 .02
■GENERAL FUND 40%
■CI P30%
■EQUIPMENT REPLACEMENT 3%
1:11911 ACT 3%
C HABITAT RESTORATION 0%
CQUIMBYO%
COTHER RESTRICTED FUNDS 24%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted bv Council Action
BEAUT IF ICATI ON FUND
CIP
EQU IP MENT REPLACEM ENT
BUILDING REPLAC EMENT
EMPLOYEE PENSION PL AN
EMPLOYEE BENEFITS
Subtota l
Restricted by Law or External Agencies
STREET MAINTENANCE
1972 AC T
GAS TAX-S B1
EL PRADO
CDBG
CDBG-R
1911 AC T
SO LID WASTE
AIR QUALITY MANAGEMENT
PROPOSITION C
PRO POSITION A
PUB LI C SAFETY GRANTS
MEASURER
MEASURE M
HABIT AT RESTORATION
SUBRE GIO N 1 MAINTENANCE
MEASURE A MA INTEN ANCE
ABA LONE COVE SEWER DISTRICT
RPVTV
GIN SBURG CULTURE ARTS BUILD IN G
DO NOR RESTRICTED CONTR IBUTIO NS
FEDERAL GRANTS
STATE GRANTS
FEDER AL GRANTS-A RPA
QUIMBY
LOW-MODERATE IN COME HOUSING
A FF ORDAB LE HSNG IN LIEU
EET
MEASURE A CAPITAL
BIKEWAYS
UNDERGROUND UTILITIES
ROADWAY BEAUTIFICATION
MEASURE W
WAT ER QUA LIT Y FLOOD PROTECTION
REDE VELOPMENT OB LI GATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIAL TRUSTS
Subtotal
GRAND TOTAL
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
SEPTEMBER 2024
BALANCE
FORWARD DEBIT CREDIT
34,663,546.00 23,029,357.5 6 19,141,205.67
0.00 0.00 0 .00
29,720,017.64 2,107 .791 .03 2,97 1,484.80
3,2 24 ,022 .56 11 3,924.37 47 ,92 1.68
0 .00 0 .00 0 .00
1,057 ,007 .91 121 ,858.10 14,66 1.41
0.00 0 .00 0.00
34,001,048.11 2,343,573.50 3,034,067 .89
1,029.350.23 539.001 .29 17 .111.42
31.217.24 605.00 398 .95
2,6 17,740 .86 139,521.37 512 ,724 .37
52,944 .70 1,021 .72 672.56
27,851 .26 0 .00 0.00
0.00 0 .00 0.00
2 ,953.162 .35 57 ,851.29 80 ,280.44
500,431 .28 45,844.26 18,246.49
81 ,834.77 15,298.80 924 .41
640 ,358 .83 84 ,977.4 3 5,014.02
2,715,90 1.78 140,492.61 31 ,259 .53
43 ,659.28 1,114 .70 43,420 .04
3,241 ,966.18 117,215.29 56 ,854 .11
684 ,279.77 76 ,025.55 47 ,263.96
178.65 38,526.83 1,121 .70
804 ,395.56 30,607.00 15,394 .68
47,445 .54 1,088.49 20,819.33
69 ,740.33 18,906.2 1 2,554 .02
0.00 0 .00 0.00
0.00 0 .00 0.00
970,380 .50 35,636.37 13,548.24
0.00 0.00 0.00
1,516 ,174 .68 29,872.01 23 ,52 1.62
2,813 ,78 1.87 72 ,620.87 130,313.65
85,068.30 2,064.23 23,131 .96
449,765.71 75 ,127.68 5,747 .85
928,099.06 17,986.62 11 ,860.79
92 ,2 68.65 1,738.31 1,129.30
0.00 0 .00 0.00
30 ,823 .18 0.00 30 ,82 3.18
0 .00 0.00 0.00
0.00 0.00 0.00
1,340,864 .28 27 ,024 .52 22 ,045.77
0 .00 0 .00 0.00
357,598.77 3,385.88 333 ,081.55
0.00 0.00 0.00
1,288,490.16 190,564.35 96,697 .10
25,4 15 ,773.77 1,764,1 18.68 1,545,961.04
94,080,367.88 27 ,137 ,049 .74 23,721,234.60
Total Investment:
Chanae In Chanoe In
Endinq Cash Ending Cash
CASH Ba lance Ba lance in%
38,5 51,697.89 3,888 ,151.89 11%
0 .00 0.00 0%
28,856,323.87 (863 ,693 77) -3%
3,290 ,025.25 66,002.69 2%
0 .00 0.00 0%
1,164,204.60 107,196.69 10%
0.00 0 .00 0%
33,310,553.72 (690,494.39) ·2%
1,551 .240.10 521 ,889 .87 51%
31,423 .29 206 .05 1%
2.244 ,537 .86 (373.203.00) 0%
53 ,293.86 349.16 1%
27 ,85 1.26 0.00 0%
0 .00 0.00 0%
2,930 ,733 .20 (22,429 .15) -1%
528 ,029 .05 27 ,597 .77 6%
96 ,209.16 14,374.39 18%
720,322 .24 79,963.41 12%
2,825,134 .86 109,233.08 4%
1,3 53 .94 (42,305.34) -97%
3,302 ,327 .36 60 ,36 1.18 2%
7 13,041 .36 28,761 .59 4%
37,583 .78 37,405.13 20938%
8 19 ,607.88 15,2 12.32 2%
27 ,714 .70 (19,730.84) -42%
86 ,092 .52 16,352.19 23%
0.00 0 .00 0%
0.00 0 .00 0%
992,468 .63 22,088 .13 2%
0.00 0 .00 0%
1,522 ,525.07 6 ,350 .39 0%
2,756,089.09 (57 ,692 .78) -2%
64 ,000.57 (2 1,067.73) -25%
5 19,14 5.54 69 ,379.83 15%
934,224 .89 6,125.83 1%
92 ,877 .66 609.01 1%
0 .00 0 .00 0%
0.00 (30,823 .18) 0%
0.00 0.00 0%
0.00 0.00 0%
1,345,843.03 4,978.75 0%
0.00 0 .00 0%
27 ,903.10 (329,695 .67) -92%
0 .00 0 .00 0%
1,382 ,357.4 1 93,867 .25 7%
25,6 33,931.41 2 18 ,157.64 1%
97,496,183.02 3,415,815.14 4%
97,496,1 83.02
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
SEPTEMBER 2024
Issuer of Acquisition Maturity Market Book
Investment Investment CUSIP# Date Term Date Value Value Yield
Local Agency Investment Fund (LAIF-C!TY) State of California NIA NIA On Demand 25,249,794 25,249,794 4.58%
Note (1)
MMDA BMO NIA NIA On Demand 5,523,144 5,523,144 4.50%
co -Non-Negotiable Malaga Bank 811912024 36 Mos 8/1912027 4,327,875 4,327,875 3.92%
CD -Bank of America -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 612912022 60 Mos 612912027 250,000 250,000 3.55%
Advia Cr Un 00782JAC6 912712023 60 Mos 912712028 250,000 250,000 5.07%
Alaska USA Fed Ce Un 011852AH3 312212023 36 Mos 312312026 $ 250,000 250,000 5.15%
Alliant Credit Union 01882MAH5 1111512023 60 Mos 1111512028 $ 250,000 250,000 5.34%
American Expr Natt Bank 02589ABM3 31312022 36 Mos 31312025 $ 250,000 250,000 1.80%
American First Cr Un 02616ABX6 313012023 36 Mos 313012026 $ 250,000 250,000 5.05%
Arsenal Credit Union 04288LAA6 112012024 12 Mos 112112025 $ 250,000 250,000 5.10%
Auburn State Bank 05059LAC6 313112022 48 Mos 313112026 $ 250,000 250,000 2.10%
Bank of Baroda 06063HMT7 712212020 60 Mos 712212025 $ 250,000 250,000 0.65%
Bank Forward 062163BN9 1212812019 60 Mos 1211812024 $ 250,000 250,000 1.75%
Bank Hapoalim 06251A2Q2 1211412020 60 Mos 1212512025 250,000 250,000 0.50%
Bankers Bank 06610RBL2 411312022 42 Mos 1011412025 250,000 250,000 2.05%
BankNewport Rhode 06647JAV6 81312022 48 Mos 81312026 $ 250,000 $ 250,000 3.50%
Bankunited 066519QK8 31512021 60 Mos 31512026 250,000 $ 250,000 0.65%
Bax1er Credit Union 07181JAB0 612312022 36 Mos 612312025 250,000 $ 250,000 3.10%
Baycoast Bank 072727AZ3 112412020 60 Mos 112412025 250,000 250,000 1.70%
Beal Bank USA 07371CK32 31912022 48 Mos 31412026 $ 250,000 250,000 1.90%
SOM Bank 09776DAA2 512312024 48 Mos 513012028 $ 250,000 250,000 5.25%
Capital One 14042RQB0 1111712021 60 Mos 1111712026 $ 250,000 250,000 1.10%
Capital One 14042RQS3 412012022 60 Mos 412012027 $ 250,000 250,000 2.80%
Celtic Bank 15118RUX3 4/1712020 60 Mos 411712025 s 250,000 250,000 1.50%
Centris Fed Cr Un 15643VAB8 512412023 24 Mos 512412025 250,000 250,000 5.02%
Chief Finl Fed Cr Un
Rochester 16863LAB1 712912022 60 Mos 712912027 250,000 250,000 3.50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 1011212022 36 Mos 1011412025 250,000 250,000 4.60%
Citizens Bank 173477CC2 81512024 60 Mos 812112029 249,000 249,000 4.60%
Clearpath Fed Cr Un 18507MAD3 71912024 60 Mos 713012029 250,000 250,000 5.40%
Coastlife Credit Union 19058LAB0 211312023 36 Mos 211212026 250,000 250,000 4.65°/o
Comenity Capital Bank 20033A3A2 411412022 60 Mos 411412027 $ 250,000 250,000 2.65%
Community West Cr Un 20416JAC8 1212312022 30 Mos 612312025 $ 250,000 250,000 5.00%
Communitywide FCU 20416TAV4 121812022 36 Mos 121812025 $ 250,000 250,000 5.00%
Connectone Bank 20786ADL6 912412021 60 Mos 912712026 250,000 250,000 0.80%
Connexus Credit Union 20825WAT7 512612022 36 Mos 512712025 250,000 250,000 3.00%
County School FCU 22258JAB7 212212023 55 Mos 913012027 249,000 249,000 4.40%
Credit Un of Tex Allen 22551KAB8 712212022 36 Mos 712212025 250,000 250,000 3.30%
Dannemora Fed Cr Un 236334AD0 1212812023 60 Mos 1212812028 250,000 250,000 5.30%
Dart Bk Mason 237412AS0 612112022 42 Mos 1212212025 250,000 250,000 3.10%
Discover Bank 254673870 412712022 36 Mos 412812025 250,000 250,000 2.80%
Dort Financial Cr Union 25844MAD0 1012812022 24 Mos 1012812024 250,000 250,000 4.60%
Eaglemark Savings Bank 27004PCM3 31212022 60 Mos 31212027 250,000 250,000 2.00%
Empower Credit Union 291916AB0 912912023 60 Mos 912912028 250,000 250,000 5.15%
Farmers&Merchants Bank 307811DP1 111412022 60 Mos 111412027 250,000 s 250,000 1.20%
Farmers State Bannk 310567AG7 1111412022 36 Mos 1111412025 250,000 $ 250,000 5.00%
First Bank Blue Earth 32114MAY3 1012112022 30 Mos 412112025 250,000 $ 250,000 4.45%
First lndpt Bank 32056VAM9 812312023 60 Mos 813012028 $ 250,000 $ 250,000 5.30%
First Nat'I Bank 32110YXG5 612412022 60 Mos 612412027 $ 250,000 $ 250,000 3.25%
First Natl Bank/DAMA 32117BEQ7 1213012021 60 Mos 1213012026 $ 250,000 s 250,000 1.25%
First Trust & Savs Bank 33743UAB2 21912024 60 Mos 21912029 $ 249,000 $ 249,000 4.90%
Flushing Bank 34387AFF1 111412022 36 Mos 111412025 $ 250,000 $ 250,000 4.70%
Four Pts FCU Omaha 35089LAD5 612912022 60 Mos 612912027 $ 250,000 $ 250,000 3.40%
Generations Bank 37149CAX5 511212022 60 Mos 511212027 $ 250,000 $ 250,000 3.10%
GESA Cr Union 37424PAH7 713112023 36 Mos 713112026 $ 250,000 $ 250,000 5.25%
GHS Fed Credit Union 36266LAA4 911512022 60 Mos 911512027 $ 250,000 250,000 3.80%
Greenstate Credit Union 39573LDC9 112612023 27 Mos. 412912025 249,000 249,000 2.65%
Hapo Cmnty Cr Un 41138NAB4 813112023 42 Mos. 212612027 250,000 250,000 5.00%
lntercredit Bank NA 458657MC4 113112022 60Mos 112912027 250,000 250,000 1.35%
Insight Credit Union 45791JAC0 212712023 24 Mos 212412025 250,000 250,000 5.10%
JP Morgan Chase Bank 48128UMX4 913012020 60 Mos 913012025 250,000 250,000 0.50%
Kemba Finl Credit Union 48836LAN2 912112022 60 Mos 912112027 250,000 250,000 4.10%
Lebanon FCU PA 52248LAB2 81412022 60 Mos 81412027 250,000 250,000 3.55%
Liberty First Cr Un 530520AM7 812912023 48 Mos 813012027 250,000 250,000 5.00%
Lincoln Park Cmnty Cr Un 534574AC2 812812023 60 Mos 812812028 250,000 250,000 5.00%
Live Oak Bankinig 538036UG7 21112022 48 Mos 21212026 250,000 250,000 1.25%
Magnolia Bank 559582AL5 1013012020 54 Mos 413012025 250,000 250,000 0.40%
Malaga Bank FSB 56102AAJ5 512912020 60 Mos 512912025 250,000 250,000 0.70%
Marlin Business Bank 57116ATM0 111512020 60 Mos 111512025 250,000 250,000 1.75%
Midflorida Cr Union 59741QAA0 712612023 60 Mos 712612028 250,000 250,000 5.55%
A-3
C ITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
SEPTEMBER 2024
Is suer of Acquisiti o n Ma turity Market Boo k
Investment Investment CUS IP # Date Term Date Va lu e Value Yield
Mineo la Com mun ity Bank 60273NAB9 11/9/2022 60 Mos 11/9/2027 s 250,000 250,000 5.10%
Money One FCU 60936TAL3 9/14/2023 60 Mos 911412028 250,000 250,000 5.07%
Morgan Stanle y Bk 6 1690UK82 6/2/2022 36 Mos 6/2/2025 250,000 250,000 3.05%
Mountain Amer Fed CR UN 62384RAL0 8/31/2022 36 Mos 8/29/2025 250,000 250,000 3.50%
Mutua l First Fed Cr Union 62825MAA2 813/2023 24 Mos 8/4/2025 250,000 250,000 5.20%
Nat'I Bank of Comme rc e 633368FJ9 1/1912022 60 Mos 1119/2027 250,000 250,000 1.15%
Nexbank 653344CD1 5/15/2023 24 Mos 5115/2025 250,000 250,000 5.07%
Noble Fed Credit Union 65504UAA5 2/15/2024 60Mos 2/15/2029 250,000 250,000 5.25%
Numerica Credit Union 67054NBA0 11 /4/2022 24 Mos 11 /412024 250,000 250,000 4.85%
Oklahoma Fed Credit Union 67886WAB3 11/22/2022 24 Mos 11/22/2024 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 4/2912022 54 Mos 10/29/2026 250,000 250,000 2.65%
Onp ath Fed Cr Union 68283MAG 1 9/1512022 60 Mos 9115/2027 250,000 250,000 3.60%
Pathfinder Ba nk 70320KBR1 1/31/2022 60 Mos 112912027 250,000 250,000 1.20%
Pima Fed Cr Un 722000AC0 8/17/2023 36Mos 81 17/2026 250,000 250,000 5.30%
Pittsburgh City Hall 72500MAA3 8116/2022 60 Mos 8/1612027 250,000 250 ,000 3.60%
Popular Bank 733 17AAY8 411312022 36 Mos 4/1412025 250 ,000 250 ,000 2.45%
Preferred Bank LA 740367MA2 7/17/2020 60 Mos 7/17/2025 s 250 ,000 250 ,000 0.5 0%
Raymond James Bank 75472RAN1 11/26/2019 60 Mos 11/26/2024 250,000 250 ,000 1.85%
Rogue Cre dit Uni on 77535MAL7 1/2012023 48 Mos 1/2 0/2027 250,000 250,000 5.05%
Saco&Biddefo rds Savs 78577THR9 7/21/2022 60 Mos 7/21/2027 250,000 250,000 3.45 %
Sallie Mae Ban k/Sal l Lake 7954504P7 10/16/2019 60 Mos 10/16/2024 250,000 250,000 1.90%
Sawye rs Svgs Bank 805508BT4 1012812022 60 Mos 1012812027 250,000 250,000 4.90%
Sharonview Fed Cr Union 819866BM5 8115/2022 36 Mos 811512025 250,000 250,000 3.40%
Si gnature Fed Cr Un 82671DAA5 10/2712022 48 Mos 10/27/2026 248 ,000 248,000 4.60%
Sou thwest Finl Fed Cr Un 84485EAJ6 9/21/2022 60 Mos 9/21/2027 250,000 250,000 3.80%
Stat e Bank of India 856285RS2 11/27/2019 72 Mos 11127/2024 250,000 250,000 2.05%
St Lawrence Fed Cr Un 791125AC1 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%
Te xas Exc hange Bank 8824 1TJN1 11 /251202 0 60 Mos 11 /2512025 250,000 250,000 0.60%
Texas Exchange Bank 8824 1T JR2 12/1812020 60 Mos 12/1812025 250,000 250,000 0.60 %
Texas Exc ange BK SS B 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%
Toyo ta Financial Svgs Bank 89235MLE9 7129/2021 60Mos 7/29/2026 250,000 250,000 0.95%
Truliant Fed Cr Un 89789AAE7 3/1012023 30Mos 9/10/2025 250,000 250,000 5.05%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2027 s 250,000 250 ,000 3.40%
Tucson Fed Ce Un 898812AC6 9/8/2023 60 Mos 9/812028 s 250,000 250,000 5.00 1%
University Credit Union 914242AA0 2/2112023 31 Mos 912612025 $ 249,000 249,000 4.00 %
United Bankers Bank 909557JP6 12/16/2021 56 Mos 8/1712026 250,000 250,000 1.00t>/1)
USB Bank 90355GPK6 7/3/2024 48 Mos 7/10/2028 250,000 250,000 4.60 %
Valley Strong Cr Union 920133AJ4 12/14/2022 24 Mos 12/13/2024 250,000 250,000 5.10%
Visio n Bank of Iowa 92834CCL4 11129/2019 72 Mos 11 /29/2024 s 250,000 250,000 1.75%
Workers Cred it Union 98138MAT7 9/2912022 60 Mos 9/29/2027 s 250,000 250,000 4.50%
Workers Credit Union 98138MAM2 4/17/2023 22 Mos 212812025 249,000 249,000 1.49%
Workers Fed Cr Un 98138MCB4 11/1512023 60 Mos 11 115/2027 250,000 250 ,000 5.35%
Treasury-Bank of New York (Sti fel) United States Trea s 912828XZ8 6130/2020 60Mos 6/3012025 1,000,000 1,000,000 2.75%
United States Treas 91282CAJ0 2128/2021 20 Mos 8/31/2025 1,978,000 1,978,000 4.40 %
United St ates Trea s 912797HE0 5/20/2024 6Mos 10/31/2024 1,000 ,000 1,000,000 5.12%
United States Treas 912797KS5 5/20/2024 11 Mos 4/17/2025 s 1,000,000 1,000,000 5.00%
United Sta tes Treas 91282CDZ1 7/1/2024 7 Mos 21 15/2025 1,000,000 1,0 00,000 5.2 4%
United Stales Treas 91282CDZ 1 7/812024 7 Mos 2/1512025 2 ,000,000 2,000,000 5.13%
United States Treas 91282CEU1 7/8/2024 11 Mos 61 1512025 s 3,000,000 3,000,000 4.94%
United State s Tre as 912828R36 7119/2024 23 Mos 5/1512026 s 3,000,000 3,000,000 4.48%
United St ates Treas 91282CEH0 8/12/2024 8 Mos 4/1512025 1,000,000 1,000,000 4.57%
Un ited States Treas 912797MM6 9/512024 6 Mos 3/6/2025 1,000,000 1,000,000 2.65%
United States Tre as 91282CAL5 9/3012024 36 Mos 9/30/2027 1,000 ,000 1,0 00 ,000 3.56%
United State s Treas 91282CFJ5 8/3 1/2024 60 Mos 8/31/2029 1,000 ,000 1,000 ,000 3.19%
Agency Bonds (S tifel ) Fed Agric MTG Corp 31424WFC 1 1/22/2024 36 Mos 1/22/2027 1,000,000 1,000,000 5.00%
Fed Farm Cred it Bank 3133ENNX4 12/15/2022 26 Mos 2/1412025 1,052,000 1,052,000 1.67%
Fed Home Loan Bank 3130ASYR4 8/3012022 36 Mos 8/2812025 1,000,000 1,000,000 4.00%
Fed Home Loan MTG Corp 3134H1UZ4 2/2612024 60 Mos 2/2612029 1,000,000 1,000,000 5.00%
Fed Home Loan Bank 3130ARYF2 8/2/2024 34 Mos 5/24/2027 500,000 500 ,000 4.00%
Fed Home Loan Bank 3130ASF53 8/2/2024 35 Mos 6/30/2027 500,000 500,000 4.00%
Fed Farm Credi t Bank 3133ERM H1 8/2/2024 60 Mos 7/29/2027 3,000,000 3,000,000 5.00 %
Fed Farm Cred it Bank 3133ERRE3 8/22/2024 60 Mos 8128/2 029 s 1,000,000 1,000,000 4.72%
Fed Farm Credi t Bank 3133ERRE3 8123/2024 60Mos 8128/2029 1,000,000 s 1,000,000 4.72%
Fed Home Loan Bank 3134HAFB4 8123/2024 60 Mos 81 14/2029 400 ,000 s 400,000 4.2 0%
Fed Farm Cred it Bank 3133ERMH 1 8/29/2024 59 Mos 7/29/2027 1,000,000 1,000,000 5.00%
Tota l Investments 88,872,812
Summary:
Local Age ncy Investment Fund (LAI F-CITY) 25,249 ,793.94
MMDA-BMO 5,523,143.6 1
Certi fi ca te of Deposit -Malaga Bank 4,327,874.73
Certificate of Deposit. Stifel 27 ,742 ,000.00
Tre asury Bills & Agency Bonds • Stifel 29,430,000.00 17,978,000 11 ,452,000 29,430,000
Total Investments 92,272,812.28 19.5% 12.4% 31 .9%
BMO Balance 3,370 ,134 .96
Petty Cash 5,000.00
A-4
Stifel Money Market
Total Cash & Investment
Total C ash & Investment from above
NOTE:
1,848 ,235.78
97 ,496 ,183.02
97 ,496 ,183.02
SUMMARY OF CASH BALANCE BY INSTITUTION
SEPTEMBER 2024
Stifel · CD
2 8%
Stifel -Money Market
2%
BMO -Mon ey M arket
(1) LAIF market values will be reported to vary from book value if the City calculated 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 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 certify that sufficient investment liquidity
and anticipated revenues are available to meet the City's expenditure requirements for the next six months.
Respectfully submitted ,
Treasurer
M al aga Bank • CD
4%
A-5