CC SR 20250121 D - City November Treasury Report
CITY COUNCIL MEETING DATE: 01/21/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the November 2024 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the November 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 for October 2024 (page A-1)
BACKGROUND AND DISCUSSION:
This report summarizes the cash balance of all funds and investments for the month of
November 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 $86 million with over $25.6 million or 30%
of the total cash balance in the Local Agency Investment Fund (LAIF). The City has a
total of over $1.7 million or 2% of the total cash balance with BMO, which includes $0.2
million in checking for operational needs. In April 2024, the City opened a new money
market account with BMO 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 5% is with Malaga Bank.
Investments under the City’s brokerage firm Stifel include Certificates of Deposit (CD)
investments of $24.2 million or 28%, Treasury Bills and Agency Bonds $29.4 million or
34% of the total cash balance, and a money market account has a balance of $0.7 million
1
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.
In summary, the City’s General Fund has over $32 million or 38% of cash balance, and
the Capital Infrastructure Program (CIP) Fund has over $23 million or 28% of cash
balance. The remaining cash balances are in the Equipment Replacement Fund with over
$3 million or 4%, 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 27% in Other
Restricted Funds.
Compared to the November 2023 balance, the City’s cash balance decreased by $6.2
million, primarily due to ongoing expenditures for repairs and maintenance related to the
Portuguese Bend Landslide. Additionally, when comparing the balance in October 2024,
the City’s cash balance decreased more than $5.8 million, mainly attributed to the timing
of billing for general operational services and disbursements for City-approved projects.
The major disbursements for this month included ASAD Holding for the Peacock Ridge
Storm Drain Improvement Project, Cotton, Shires and Associates for geologic evaluation
in the Portuguese Bend Landslide area, Hardy and Harper for the roadway repairs, Hout
Construction for the landslide inspection services, Los Angeles County Sheriff’s
Department for law enforcement services, LSA Associates for environmental monitoring
services, Malcolm Drilling for emergency landslide services related to the deep
dewatering wells task orders, Pano AI, Inc. for the wildfire camera program, and Stay
Green for annual landscape maintenance project. 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)
LE SS: CHECK DISBURSEMENTS
LESS: ELECTRONIC DISBURSEMENTS(2)
ADJUS TMENTS(3)
PLUS : TRANSFERS IN
LE SS : TRANSFERS OUT
EN DING BALANCE
(1) All LAIF inte re st is paid quarterly.
(2) Electronic Disbursements:
Payroll
Payroll Charges
Bank and Mercha nt Fees
Petty Cas h
(3) The net adjustment was due to voi d checks.
BMO
Ope rati ng
4,283,973 .37
2,563 ,371 .63
(7 ,717,468.95)
(786,215.39)
1,312.75
2,574 ,000.00
(693 ,000 .00)
225,973 .41
481,883 .32
290,435 .99
13,746 .08
150.00
786 ,2 15.39
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2024
Malaga Bank
BMO Non-Negotiable
MMOA Petty Cas h LA IF-CITY co
3,547 ,660.63 5,000 .00 25,638,035 .18 4,372 ,259 .8 1
(2,000 ,000.00)
1,547 ,660.63 5,000.00 25,638,035.18 4 ,372 ,259 .81
NOVEMBER 2024 CASH BALANCE BY MAJOR FUNDS
0% 0%
Stifel Stlfel
Money Ma rket In ves tm ent Total Cash
37,765 .08 54 ,172 ,000.00 92 ,056,694 .07
2,563,371 .63
102,271 .93 102,271 .93
(7 ,717 ,468 .95)
(786 ,215 .39)
506,774.39 (500,000.00) 8,087 .14
693 ,000 .00 3,267 ,000 .00
(574 ,000 .00) (3 ,267 ,000.00)
765 ,811.40 53 ,672,000.00 86,226 ,740.43
■GENERAL FUND 38%
■CIP28%
■EQ UIPMENT REPLACEMENT 4%
11 1911 ACT 3%
D HAB ITAT RESTORA TI ON 0%
DOUIMBY0%
COTHER RESTRICTED FUNDS 27%
A-1
CASH BALANC ES BY FUND
Unrestricted
GENERA L FUND
Restricted bv Council Action
BEAUTIFICATI ON FUND
CIP
EQU IPMENT REPLACEM EN T
BU ILDING REPLACEMENT
EMPLOYE E PENSION PLAN
EMPLOYEE BEN EF ITS
Subtotal
Restricted bv Law or External Aoencies
STRE ET MAI NTE NANCE
1972 ACT
GAS TAX-SB 1
EL PRADO
CDBG
CDBG-R
1911 ACT
SO LID WAST E
AIR QUALI TY MANAGEMENT
PROPOSITION C
PROPOS ITI O N A
PUBLI C SAFETY GRANTS
MEASUR E R
MEASURE M
HABI TAT RESTORAT ION
SUBR EGION 1 MA INTENANCE
MEASUR E A MAINTENANCE
ABA LONE COVE SEWER DISTRICT
RPVTV
GINSBURG CU LTURE ARTS BU ILDING
DO NOR RESTR ICTED CONTR IBUTIO NS
FEDERAL GR ANTS
STATE GR A NTS
FE DERA L GRAN TS-ARPA
QUIMBY
LOW-MODER ATE INCOM E HOUS IN G
AFFOR DABLE HSNG IN LIE U
EET
MEASURE A CAPITAL
BIKEWAYS
UN DERGROUND UT ILITIE S
ROADWAY BEAUTIFICATION
MEASU REW
WATER QUALITY FL OO D PROT ECTION
REDEVELOPM ENT OBLIGATION RETIRE
IMPROVEMENT DISTRICT 9
SPECIA L TR USTS
Subtotal
GRAND TOTAL
CITY OF RANCHO PALOS VERD ES
MONTHLY TREA S URER'S REPORT
NOVE MBE R 2024
BA LANCE
FORWARD DEB IT CREDIT
33,8 94,524.92 11,822,608.3 1 12,819 ,445 .55
0.00 0.00 0 .00
27 ,729,707.89 492 .75 4,132 ,520.43
3,294 ,654 .99 0.00 9,409.48
0.00 0.00 0.00
1,169,407 .9 1 0 .00 0.00
0.00 0 .00 0.00
32,1 93 ,770 .79 492 .75 4,14 1,929 .91
1,608,199.75 97,635.18 122 ,570.16
3 1,572.26 0.00 0.00
2 ,316 ,661 .72 109,174.18 37 ,713.65
53,546.31 60.99 0.00
24,658.76 0.00 2 ,065.00
0.00 0.00 0 .00
2,9 15,033.75 15,697.58 42 ,096.21
546 ,978.47 2,760.60 12,191.57
96 ,621 .65 0.00 0 .00
794,090.17 71 ,147.68 0.00
2,923,345.04 85 ,774 .56 0.00
111,978 .3 9 33 ,6 49 .10 0.00
3,370,801.32 53 ,341 .85 2 ,832.47
686,492.41 60,897.20 64 ,099 .58
9 ,57 0.11 0.00 0.00
8 13,394 .19 104 .31 7,347.70
27,909 .30 0.00 0.00
84 ,597.32 0 .00 698.89
0.00 0.00 0.00
0 .00 0.00 0.00
971 ,9 69 .72 26 ,000.00 10 ,969 .1 9
0 .00 0 .00 0.00
1,529,632.15 17,416.90 93,333.33
2,566,45 1.46 0.00 786 ,305.75
62,405.99 0.00 0.00
521,397.3 1 0.00 0.0 0
938,653.95 0.00 0 .00
93,3 17.98 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
1,350 ,559.03 0.00 65 ,7 82 .72
0.00 0.00 0.00
29,082 .58 0.00 0.00
0 .00 0 .00 0 .00
1,489,477.27 55,529 .78 72,862.93
25,968,398.36 629,189.9 1 1,320,869.15
92,056,694.07 12 ,452,290 .97 18,282 ,244.6 1
Total Investment:
Change In Change In
Endina Cash Endina Cash
CAS H Ba lance Ba lance in%
32,897,68 7.68 (996 ,83 7.24 -3%
0 .00 0.00 0%
23,597,680.21 (4 ,132 ,027 68) -15%
3,285,245 .5 1 (9,409.48 0%
0 .00 0.00 0%
1,169,407 .9 1 0 .00 0%
0 .00 0 .00 0%
28,052,3 33.63 (4,14 1,437.1 6) -13%
1,583,264.77 (24,934 .98) -2%
31,572 .26 0.00 0%
2,388, 122.25 71 ,460.53 0%
53 ,607.30 60.9 9 0%
22 ,593 .76 (2,065 .00) -8%
0 .00 0.00 0%
2,888,635 .12 (26,398 .63) -1 %
537,547 .50 (9,430.97) -2%
96 ,621 .65 0 .00 0%
865,237 .85 7 1,147 .68 9%
3,009, 119.60 85,774 .56 3%
145,627.49 33,649.10 30%
3,421,310 .70 50,509.38 1%
683,290 .03 (3,202.38) 0%
9,570 .11 0.00 0%
806 ,150.80 (7 ,243 .39) -1 %
27 ,909.30 0 .00 0%
83,898.43 (698 .89) -1%
0 .00 0.00 0%
0 .0 0 0.00 0%
987,000.53 15,030.8 1 2%
0 .00 0.00 0%
1,453 ,7 15.72 (75,9 16.43) -5 %
1,780,145.71 (786 ,305 75) -31 %
62 ,405.99 0 .00 0%
521 ,397 .31 0 .00 0%
938,653.95 0 .00 0%
93,317 .98 0 .00 0%
0 .00 0.00 0%
0 .00 0.00 0%
0 .00 0.00 0%
0.00 0.00 0%
1,284,776.31 (6 5,782 .72 -5 %
0 .00 0 .00 0%
29,082 .58 0 .00 0%
0 .00 0 .00 0%
1,472,144.12 (17 ,333 .15) -1%
25,276,719.12 (691,679.24 -3%
86,226,740.43 (5,829,953.64] -6%
86,226 ,740 .43
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
NOVEMBER 2024
Issuer of Acquisition Maturity Market Book
Investment Investment CUSJP# Date Term Date Value Value Yield
Local Agency Investment Fund (LAIF-CITY) State of California NIA NIA On Demand 25,638,035 25,638,035 4.48%
Note (1)
MMDA BMO NIA NIA On Demand 1,547,661 1,547,661 4.50%
CD -Non-Negotiable Malaga Bank 8119/2024 36 Mos 8/1912027 4,372,260 4,372,260 3.92%
co -Bank of America -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 6/2912022 60 Mos 6/2912027 $ 250,000 250,000 3.55°/o
Advia Cr Un 00782JAC6 9127/2023 60 Mos 912712028 $ 250,000 250,000 5.07%
Alaska USA Fed Ce Un 011852AH3 3122/2023 36 Mos 312312026 $ 250,000 250,000 5.15%
Alliant Credit Union 01882MAH5 11115/2023 60 Mos 1111512028 $ 250,000 250,000 5.34%
American Expr Natl Bank 02589ABM3 31312022 36 Mos 31312025 $ 250,000 250,000 1.80%
American First Cr Un 02616ABX6 3/3012023 36 Mos 3/3012026 $ 250,000 $ 250,000 5.05%
Arsenal Credit Union 04288LAA6 1120/2024 12 Mos 1/2112025 $ 250,000 $ 250,000 5.10%
Auburn State Bank 05059LAC6 3131/2022 48 Mos 3131/2026 $ 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 12/1812024 $ 250,000 $ 250,000 1.75%
Bank Hapoalim 06251A2Q2 1211412020 60 Mos 1212512025 $ 250,000 $ 250,000 0.50%
Bankers Bank 06610RBL2 4/1312022 42 Mos 10/14/2025 $ 250,000 $ 250,000 2.05%
BankNewport Rhode 06647JAV6 81312022 48 Mos 8/312026 $ 250,000 $ 250,000 3.50%
Bankunited 066519QK8 31512021 60 Mos 31512026 $ 250,000 $ 250,000 0.65%
Baxter Credit Union 07181JAB0 6/2312022 36 Mos 6/2312025 $ 250,000 $ 250,000 3.10%
Baycoast Bank 072727AZ3 1/2412020 60 Mos 112412025 $ 250,000 $ 250,000 1.70%
Beal Bank USA 07371CK32 31912022 48 Mos 31412026 $ 250,000 $ 250,000 1.90%
BOM Bank 09776DAA2 5/2312024 48 Mos 5130/2028 $ 250,000 $ 250,000 5.25%
Capital One 14042RQB0 1111712021 60 Mos 1111712026 $ 250,000 $ 250,000 1.10%
Capital One 14042RQS3 4120/2022 60 Mos 4120/2027 $ 250,000 $ 250,000 2.80%
Celtic Bank 15118RUX3 4117/2020 60 Mos 4117/2025 250,000 $ 250,000 1.50%
Centris Fed Cr Un 15643VAB8 5124/2023 24 Mos 512412025 250,000 $ 250,000 5.02%
Chief Finl Fed Cr Un
Rochester 16863LAB1 7129/2022 60 Mos 7129/2027 250,000 250,000 3.50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10/12/2022 36 Mos 10/1412025 250,000 250,000 4.60%
Citizens Bank 173477CC2 81512024 60 Mos 8/2112029 249,000 249,000 4.60°/o
Clearpath Fed Cr Un 18507MAD3 71912024 60 Mos 713012029 250,000 250,000 5.40%
Coastlife Credit Union 19058LAB0 2/1312023 36 Mos 2/1212026 250,000 250,000 4.65%
Comenity Capital Bank 20033A3A2 411412022 60 Mos 4/1412027 250,000 250,000 2.65%
Community West Cr Un 20416JAC8 12123/2022 30 Mos 6/2312025 $ 250,000 250,000 5.00%
Connectone Bank 20786ADL6 912412021 60 Mos 912712026 $ 250,000 250,000 0.80%
Connexus Credit Union 20825WAT7 5126/2022 36 Mos 512712025 $ 250,000 250,000 3.00%
County School FCU 22258JAB7 212212023 55 Mos 9/3012027 $ 249,000 249,000 4.40%
Credit Un of Tex Allen 22551KAB8 712212022 36 Mos 7122/2025 $ 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 6/2112022 42 Mos 1212212025 $ 250,000 250,000 3.10%
Discover Bank 254673B70 412712022 36 Mos 412812025 $ 250,000 250,000 2.80%
Eaglemark Savings Bank 27004PCM3 31212022 60 Mos 31212027 $ 250,000 250,000 2.00%
Empower Credit Union 291916AB0 9/2912023 60 Mos 9129/2028 $ 250,000 250,000 5.15%
Farmers&Merchants Bank 307811DP1 1/1412022 60 Mos 111412027 $ 250,000 250,000 1.20%
First Bank Blue Earth 32114MAY3 10/21/2022 30 Mos 412112025 $ 250,000 250,000 4.45%
First lndpt Bank 32056VAM9 8/2312023 60 Mos 8/3012028 $ 250,000 250,000 5.30%
First Nat'! Bank 3211DYXG5 6/2412022 60 Mos 612412027 $ 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 21912024 60 Mos 21912029 249,000 249,000 4.90%
Flushing Bank 34387AFF1 1114/2022 36 Mos 1114/2025 250,000 250,000 4.70%
Four Pts FCU Omaha 35089LAD5 6/2912022 60 Mos 6/2912027 250,000 250,000 3.40%
Generations Bank 37149CAX5 5112/2022 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 9/1512022 60 Mos 9/1512027 $ 250,000 250,000 3.80%
Greenstate Credit Union 39573LDC9 112612023 27 Mos. 4/2912025 $ 249,000 249,000 2.65%
Hapo Cmnty Cr Un 41138NAB4 8131/2023 42 Mos. 2/2612027 250,000 250,000 5.00%
!ntercredit Bank NA 458657MC4 1131/2022 60 Mos 1/2912027 $ 250,000 250,000 1.35%
JP Morgan Chase Bank 48128UMX4 9/30/2020 60 Mos 9/3012025 $ 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 814/2027 $ 250,000 250,000 3.55%
Liberty First Cr Un 530520AM7 8129/2023 48 Mos 8/3012027 $ 250,000 250,000 5.00%
Lincoln Park Cmnty Cr Un 534574AC2 8/2812023 60 Mos 8/2812028 $ 250,000 250,000 5.00%
Live Oak Bankinig 538036UG7 21112022 48 Mos 21212026 $ 250,000 250,000 1.25%
Magnolia Bank 559582AL5 10/30/2020 54 Mos 4130/2025 $ 250,000 250,000 0.40%
Malaga Bank FSB 56102AAJ5 512912020 60 Mos 5/2912025 $ 250,000 $ 250,000 0.70%
Marlin Business Bank 57116ATM0 1/1512020 60 Mos 1/1512025 $ 250,000 $ 250,000 1.75%
Midftorida Cr Union 59741QAA0 712612023 60 Mos 712612028 $ 250,000 $ 250,000 5.55%
Mineola Community Bank 60273NAB9 1119/2022 60 Mos 111912027 250,000 250,000 5.10%
Money One FCU 60936TAL3 911412023 60Mos 9/1412028 250,000 250,000 5.07%
Morgan Stanley Bk 61690UK82 61212022 36 Mos 61212025 250,000 250,000 3.05%
A-3
CITY OF RANCHO PALOS VERD ES
MONTHLY TREASURER'S REPO RT
NOVEMBER 2024
Issuer of Acqu isiti on Ma tur ity Ma rket Book
In vestment Investment C USIP# Date Term Date Va lue Value Yie ld
Mou nt ai n Amer Fed CR UN 62384RAL0 8/31 12022 36 Mos 8/2912025 250 ,000 250 ,000 3 .50%
Mutual First Fed Cr Un ion 6 282 5MAA2 81312023 24 Mos 81412025 250 ,000 250 ,000 5 .20%
Nat'I Ba nk of Com merce 633368FJ9 1119/2022 60 Mos 111912027 250 ,000 250,000 1.15%
Old Do min ion Nat ;I Bank 679585AZ2 1120/2022 60 Mos 112012027 250 ,000 250 ,000 1.15%
Old Mission Bank 68002LCN6 4/2912022 54 Mos 1012912026 250 ,000 250 ,000 2 .65%
Onpath Fed Cr Uni on 68283MAG 1 9/1512022 60 Mos 9/1512027 250,000 250,000 3.80%
Pathfi nder Ba nk 70320KBR1 113 1/2022 60 Mos 112912027 250 ,000 250,000 1.20%
Pima Fed Cr Un 722000AC0 81 1712023 36 Mos 81 1712026 250 ,000 250,000 5.30%
Pitts burgh City Hall 72500MAA3 8/1612022 60 Mos 811612027 250 ,000 250,000 3.60%
Po pular Ba nk 73317AAY8 4/1312022 36 Mos 4114 /2025 250,000 250,000 2 .45%
Preferred Bank LA 740367MA2 711712020 60 Mos 711712025 250 ,000 250,000 0 .50%
Ro gu e Credit Unio n 77535MAL7 112012023 48 Mos 1/2012027 250,000 250 ,000 5.05%
Saco&Biddefords Savs 78577TH R9 7121 12022 60 Mos 7121 /2027 250,000 250 ,000 3.45%
Sharon view Fed Cr Union 819866BM5 811512022 36 Mos 8/1512025 250,000 250,000 3.40%
Sig na ture Fed Cr Un 82671DAA5 10127/2022 48 Mos 1012712026 248 ,000 248 ,000 4.60%
Sout hwest Finl Fed Cr Un 84485EAJ6 9/2112022 60 Mos 9/21 12027 250 ,000 250 ,000 3.80%
St Law re nce Fed Cr Un 791 125AC 1 121 1/2023 60 Mos 121 112028 250 ,000 250 ,000 5.69%
Texas Exchange Ban k 88241TJJ0 10123/2020 60 Mos 1012312025 250,000 250 ,000 0 .60%
Texas Exchange Ba nk 88241T JN 1 11 125/2020 60 Mos 11 12512025 250 ,000 250 ,000 0 .60%
Texas Exchange Bank 88241TJR2 12118/2020 60 Mos 121 18/2025 250 ,000 250 ,000 0 .60%
Texas Exca nge BK SS B 8824 1TNV8 81512022 5 1 Mos 111 16/2026 250 ,000 250 ,000 3 .60%
The Dis t Cr Un 88340AAC5 1212212022 36 Mos 12122/2025 250 ,000 250 ,000 5 .25%
Toyot a Financial Svgs Bank 89235MLE9 71291202 1 6 0 Mos 7129/2026 250 ,000 250 ,000 0 .95%
Trulian t Fed Cr Un 89789AAE7 3/1012023 30 Mos 9110/2025 250 ,000 250,000 5.05%
Tru stone Finl Cr Un 89841MAF4 7119/2022 60 Mos 7119/2027 250 ,000 250 ,000 3.40%
Tu cso n Fed Ce Un 898812AC6 91812023 60 Mos 91812028 250 ,000 250 ,000 5 .00%
Uni versity Cre dit Union 914242AA0 2121 12023 31 Mos 9/2612025 249 ,000 249 ,000 4.00%
United Bankers Bank 909557JP6 1211612021 56 Mos 8117/2026 250,000 250,000 1.00%
USB Ba nk 90355GPK6 71312024 48 Mos 711012028 250,000 250,000 4.60%
Va ll ey Strong Cr Unio n 920 133AJ4 12114120 22 24 Mos 12/13/2024 250,000 250 ,000 5 .10%
Workers Credit Union 98138MAM2 411712023 22 Mos 2128/2025 249,000 249 ,000 1.49%
Workers Fed Cr Un 98138MCB4 1111512023 60 Mos 1111512027 250,000 250,000 5.35%
Treasury-Bank of New York (Stifel) Uni ted States Treas 912828XZ8 6/3012020 60 Mos 6/3012025 1,000 ,000 1,000 ,000 2 .75%
United States Treas 91282CAJ0 212812021 20 Mos 8/31 12025 1,978 ,000 1,978 ,000 4 .40%
United States Treas 91 279 7KS5 512012024 11 Mos 411712025 1,000 ,000 1,000 ,000 5 .00%
United States Trea s 9 1282CDZ1 71 112024 7 Mos 211512025 1,000 ,000 1,000 ,000 5 .24%
United Sta tes Treas 91282CDZ1 71812024 7 Mos 211512025 2 ,000 ,000 2 ,000 ,000 5 .13%
United States Treas 91282CEU1 71812024 11 Mos 611512 025 3 ,000 ,000 3 ,000 ,000 4.94%
Un ited States Treas 912828R36 7119/2024 23 Mos 511512026 3 ,000 ,000 3 ,000 ,000 4.48%
Unit ed States Treas 91282CEH0 8/1212024 8 Mos 41 15/2025 1,000 ,000 1,000 ,000 4 .57%
United States Treas 912797MM6 91512024 6 Mos 31612025 1,000 ,000 1,000 ,000 2 .65%
United States Treas 9 1282CAL5 9130/2024 36 Mos 913012027 1,000,000 1,000 ,000 3 .56%
United States Treas 9 1282CFJ5 8/3112024 60 Mos 813 112029 1,000,000 1,000,000 3 .19%
Unite d States Tre as 9 1282CFT3 11 1712024 60 Mos 1113 1129 1,000,000 1,000 ,000 4 .00%
Age ncy Bonds (Stifel ) Fed Agric MTG Corp 31424WFC1 112212024 36 Mos 1122/2027 1,000,000 1,000,000 5 .00%
Fed Farm Credit Ban k 3 133ENNX4 1211512022 26 Mos 2114/2025 1,052 ,000 1,052,000 1.67%
Fed Home Loan Ba nk 3 130A SYR4 813012022 36 Mos 8/2812025 1,000,000 1,000,000 4 .00%
Fed Home Loan MTG Corp 3134H1UZ4 212612024 60 Mos 2126/2029 1,000,000 1,000,000 5 .00%
Fed Home Loan Ba nk 3130ARYF2 81212024 34 Mos 5/2412027 500 ,000 500,000 4.00%
Fe d Ho me Loan Bank 3130ASF53 81212024 35 Mos 6130/2 027 500 ,000 500,000 4.00%
Fed Farm Credit Bank 3133ERMH1 81212024 60 Mos 712912027 3,000 ,000 3 ,000,000 5 .00%
Fed Farm Credi t Bank 3 133ERRE3 8/2212024 60 Mos 8/2812029 1,000 ,000 1,000,000 4.72%
Fed Fa rm Credit Ba nk 3 133ERRE3 8/2312024 60 Mos 812812029 1,000 ,000 1,000,000 4.72%
Fe d Home Loa n Ba nk 3 134 H AFB4 8/2312024 60 Mos 8/1412029 400 ,000 400,000 4.20%
Fe d Farm Credit Bank 3 133ERMH1 8/2912024 59 Mos 712912027 1,000 ,000 1,000,000 5 .00%
Tota l Investme nts 85,229,956 4.02%
Summary:
Local Agency Investment Fund (LAIF-CITY) 25 ,638,035.18
MMDA-BMD 1,547,660 .63
Certificate of Deposit• Malaga Bank 4 ,372 ,259.81
Certificate of Depos it . Stifel 24,242 ,000.00
Treasu,y Bills & Agency Bo nds. Stifel 29,430,000.00 17,978,000 11,452,000 29,43 0,000
Total Investme nts 85,229,955,62 2 1.1% 13.4% 34.5%
BMO Balance 225 ,973.41
Petty Cas h 5 ,000.00
Stife l Mo ney Ma rke t 765,8 11.40
To tal Cash & Investment 86 ,226,740.43
Total Cash & Investm ent fro m above 86 ,226,740.43
A-4
NOTE:
SUMMARY OF CASH BALANCE BY INSTITUTION
N OVEMBER 2024
Stifel-CO
28%
BMO -M o ney M ark et
(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 or 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 refle cts 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 anti cipated revenues are available to meet the City's expenditure requirements for the next six months .
Respectfully submitted ,
Treasurer
M alaga Ba nk -CD
5%
A-5