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CC SR 20241217 E - October Treasury Report CITY COUNCIL MEETING DATE: 12/17/2024 AGENDA REPORT AGENDA HEADING: Consent Calendar AGENDA TITLE: Consideration and possible action to receive the October 2024 Cash Balances/Monthly Treasurer’s Report. RECOMMENDED COUNCIL ACTION: (1) Receive and file the October 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 October 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 $92 million with over $25.6 million or 28% of the total cash balance in the Local Agency Investment Fund (LAIF). The City has a total of over $7.8 million or 8% of the total cash balance with BMO, which includes $4.2 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 $25.7 million or 28%, Treasury Bills and Agency Bonds $28.4 million or 31% of the total cash balance, and a money market account has a balance of $37,765 or 1 CITYOF RANCHO PALOS VERDES 7L less than 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 $33 million or 37% of cash balance, and the Capital Infrastructure Program (CIP) Fund has over $27 million or 30% 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 $24 million or 26% in Other Restricted Funds. Compared to the October 2023 balance, the City’s cash balance decreased by $0.8 million, primarily due to ongoing expenditures for repairs and maintenance related to the Portuguese Bend Landslide. Additionally, when comparing the balance in September 2024, the City’s cash balance decreased more than $5 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 Aleshire and Wynder for legal services, AMG and Associates for the remaining payment for Ladera Linda Community Park project, Cotton, Shires and Associates for geologic evaluation in the Portuguese Bend Landslide area, Geologic Associates for emergency hydraugers engineering services, Hardy and Harper for the roadway repairs, 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, 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 A-1 BEGINNING BALANCE PLUS : DEPOSITS PLUS: INTEREST EARNINGS(!) LESS: CHECK DISBURSEMENTS LESS: ELECTRONIC DISBURSEMENTS(2) ADJUSTMENTS(3) PLUS : TR ANSFER S IN LE SS: TRANSFERS OUT ENDING BALANCE (1) All LAIF interest is paid quarterly . (2) Electronic Disbursements : Payroll Payroll Charges Bank and Merchant Fees Sale s Tax -CDTFA _Ql Petty Cash BMO Operating 3,370,134 .96 2,642 ,247.49 (7 ,794,233 .29) (834 ,797 .92) 45 ,011 .05 9 ,920 ,000.00 (3 ,064,388.92) 4,283,973 .37 501 ,805.30 312,893 .55 16,196.07 3,619.00 284 .00 834,797 .92 (3) The net adjustment was due to void checks and miscellaneous adjustment . CITY OF RANCHO PALOS VERDES MONTHLY TREASURER'S REPORT OCTOBER 2024 Malaga Bank BMO Non-Negotiable MMDA Petty Cash LAIF-CIT Y CD 5 ,523,143.61 5,000.00 25,249,793 .94 4,327,874.73 24 ,517.02 388 ,241 .24 44 ,385.08 3,000,000 .00 (5 ,000,000.00) 3,5 47 ,660.63 5 ,000 .00 25,638 ,035.18 4,372,259.81 OCTOBER 2024 CASH BALANCE BY MAJOR FUNDS 0% 0% Stifel Stifel Money Market Investment Total Cash 1,848,235 .78 57 ,172,000.00 97,496 ,183 .02 2,642,247 .49 109,529 .30 566 ,672 .64 (7 ,794 ,233.29) (834 ,797.92) 45,011 .05 12,920,000.00 (1,920,000.00) (3,000 ,000.00) (12,984 ,388 .92) 37 ,765 .08 54 ,172 ,000 .00 92 ,056 ,694.07 ■GENERAL FUND 37% ■C IP 30% ■EQUIPMENT REPLA CEMENT 4% 111911 ACT 3% 0HABITAT RE STORATION 0% 0 Q UIMBYO% DOTH ER RE STRICTED FUNDS 26% A-2 CASH BALA NCES BY FUND Unrestricted GENERA L FUND Restricted bv Council Action BEAUT IFICATION FUND C IP EQUIPMENT RE PLAC EMENT BU IL DING REPLACEMENT EMPLOYEE PENS ION PLAN EMPLOYEE BENEFITS Subtot al Restricted by Law or External Agencies STREET MAINTENANCE 1972 AC T GAS TA X-S B1 EL PRADO CDBG CDBG-R 1911 AC T SOLID WASTE AIR QUALITY MANAGEMENT PROPOS ITION C PROPOS ITION A PUBLIC SAFETY GRANTS MEASURER MEASURE M HAB ITAT RESTORATION SUBREG ION 1 MA INTENANCE MEASURE A MAINTENANCE ABA LONE COVE SEWER DISTR ICT RPVTV GINSBURG CULTU RE ARTS BUILDING DONOR RESTRICTED CONTRIBUTIONS FEDERAL GRANTS STATE GRANTS FEDERAL GRANTS-ARPA QUIMBY LOW-MODERATE INCOME HOUS ING AFFORDABLE HSNG IN LIEU EET ME AS URE A CAPITA L BIKEWA YS UNDERGROUND UTI LI TIES ROADWAY BEAUTIF ICATIO N MEASUREW WATER QUALITY FLOOD PROTECTION REDEVELOPMENT OBLIGATION RETIRE IMPROVEMENT DISTRICT 9 SPECIAL TRUSTS Subtotal GRAN D TO T A L CIT Y O F RANCHO PALOS V ERDES M ONTHLY TREASURE R'S RE PORT OCTOBE R 20 24 BA LANCE FORWARD DEBIT CRED IT 38,551,697.89 20 ,828,226.47 25 ,485,399.44 0.00 0.00 0.00 28 ,856,323.87 2,343,51 4.16 3,470,130.14 3 ,290,025.25 15,468.22 10,838.48 0 .00 0.00 0 .00 1,164,204 .60 5,203.31 0.00 0 .00 0.00 0.00 33,31 0,553.72 2,364,1 85 .69 3,4 80,968 .62 1,55 1,240.10 118,36 1.55 61 ,401 .90 3 1,423.29 148.97 0 .00 2,244 ,537 .86 108,220.01 36,096 .15 53 ,293 .86 252.45 0 .00 27 ,851 .26 0 .00 3,192 .50 0 .00 0 .00 0 .00 2 ,930,733 .20 14 ,028 .52 29 ,727.97 528 ,029.05 47 ,718.92 28 ,769.50 96,209.16 412.49 0.00 720,322 .24 73,767 .93 0.00 2 ,825,134.86 98 ,210.18 0.00 1,353 .94 110,624.45 0.00 3,302 ,327 .36 68,473 .96 0 .00 713,041 .36 63 ,575 .74 90 ,124.69 37,583.78 60.58 28,074.25 819,607 .88 3,863.87 10,077.56 27 ,7 14 .70 194 .60 0.00 86,092 .52 374 .90 1,870.10 0 .00 0 .00 0.00 0 .00 0.00 0.00 992,468 .63 7,650.94 28,149 .85 0 .00 0 .00 0 .00 1,522 ,5 25.07 7,107.08 0 .00 2,756,089.09 14 ,037.60 203,675.23 64 ,000.57 380.76 1,975.34 5 19,145.54 2,251 .77 0.00 934 ,224 .89 4 ,429 .06 0.00 92 ,877.66 440.32 0.00 0 .00 0 .00 0 .00 0.00 0 .00 0.00 0.00 0 .00 0 .00 0.00 0 .0 0 0 .00 1,345 ,843.03 6,417 .83 1,701 .83 0 .00 0.00 0.00 27,903 .10 1,179.48 0.00 0 .00 0 .00 0.00 1,382,357 .41 113,270.00 6 ,150.14 25,633,931 .41 865,453.96 530,987.01 97,496,1 8 3.0 2 24,057,8 66 .12 29 ,4 97 ,3 55.07 Tota l Investment: Chance In Chance In Endina Cash Endina Cash CASH Ba lance Ba lance in% 33,894,524.92 {4,6 57 ,1 72 .97) -12% 0.00 0.00 0% 27 ,729,707.89 (1 ,126,6 15.98) -4% 3 ,294,654.99 4,629 .74 0% 0 .00 0 .00 0% 1,169,407.91 5,203.3 1 0% 0 .00 0.00 0% 32,193,770.79 (1 ,116 782.93 -3% 1,608,199.75 56 ,959.65 4% 31 ,572 .26 148.97 0% 2,316,661 .72 72 ,123.86 0% 53 ,546 .31 252.45 0% 24,658.76 (3,192 .50) -11% 0 .00 0 .00 0% 2,915 ,033 .75 (15 ,699.45) -1% 546 ,978.47 18,949.42 4% 96,621 .65 412.49 0% 794 ,090.17 73 ,767.93 10% 2,923 ,345.04 98,210.18 3% 111 ,978 .39 110 ,624.45 8171% 3 ,370,801 .32 68,473.96 2% 686,492.41 (26,548.95) -4% 9,570 .11 128 ,013 .67) -75% 813,394 .19 (6,2 13 .69) -1% 27,909 .30 194.60 1% 84 ,597.32 (1,495 .20) -2% 0.00 0 .00 0% 0.00 0.00 0% 971 ,969.72 (20,498 .91) -2% 0.00 0 .00 0% 1,529,632 .15 7,107.08 0% 2,566,451.46 (189 ,637 .63) -7 % 62,405.99 (1,594 .58) -2% 521,397 .31 2,25 1.77 0% 938 ,653.95 4,429.06 0% 93,3 17.98 440 .32 0% 0.00 0.00 0% 0.00 0.00 0% 0 .00 0 .00 0% 0 .00 0 .00 0% 1,350 ,559 .03 4,716 .00 0% 0 .00 0 .00 0% 29,082 .58 1,179.48 4% 0.00 0 .00 0% 1,489,477.27 107 ,119.86 8% 25,968,398.36 334,466.95 1% 9 2 ,0 56,694 .07 {5,439,488.95 ) -6% 92,056,694.07 A-3 Investment Local Agency Investment Fund (LAIF-CITY) Note (1) MMDA CO -Non-Negotiable Issuer of Investment State of California BMO 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 Bank of Baroda Bank Forward Bank Hapoalim Bankers Bank BankNewport Rhode Bankunited Baxter Credit Union Baycoast Bank Beal Bank USA SOM Bank Capita! One Capital One Celtic Bank Centris Fed Cr Un Chief Finl Fed Cr Un Rochester Chief Finl Fed Cr Un Rochester Citizens Bank Clearpath Fed Cr Un Coastlife Credit Union Comenity Capital Bank Community West Cr Un Connectone Bank Connexus Credit Union County School FCU Credit Un of Tex Allen Dannemora Fed Cr Un Dart Bk Mason Discover Bank Eaglemark Savings Bank Empower Credit Union Farmers&Merchants Bank First Bank Blue Earth First lndpt 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 Uve Oak Bankinig Magnolia Bank Malaga Bank FSB Marlin Business Bank Midflorida Cr Union Mineola Community Bank Money One FCU Morgan Stanley Bk CITY OF RANCHO PALOS VERDES MONTHLY TREASURER'S REPORT OCTOBER 2024 CUSIP# 00224TAB2 00782JAC6 011852AH3 01882MAH5 02589ABM3 02616ABX6 04288LAA6 05059LAC6 06063HMT7 0621638N9 06251A2Q2 06610RBL2 06647JAV6 066519QK8 07181JAB0 072727AZ3 07371CK32 09776DAA2 14042RQB0 14042RQS3 15118RUX3 15643VAB8 16863LA81 16863LAE5 173477CC2 18507MAD3 19058LA80 20033A3A2 20416JAC8 20786ADL6 20825WAT7 22258JAB7 22551KAB8 236334AD0 237412AS0 254673870 27004PCM3 291916AB0 307811DP1 32114MAY3 32056VAM9 32110YXG5 32117BEQ7 33743UAB2 34387AFF1 35089LAD5 37149CAX5 37424PAH7 36266LAA4 39573LDC9 41138NA84 458657MC4 45791JAC0 48128UMX4 48836LAN2 52248LAB2 530520AM7 534574AC2 538036UG7 559582AL5 56102AAJ5 57116ATM0 59741QAA0 60273NA89 60936TAL3 61690UK82 Acquisition Date NIA NIA 811912024 612912022 912712023 3122/2023 11/1512023 31312022 3130/2023 112012024 313112022 7122/2020 1212812019 1211412020 411312022 81312022 31512021 612312022 112412020 31912022 512312024 1111712021 412012022 411712020 5124/2023 712912022 1011212022 81512024 71912024 2113/2023 411412022 1212312022 912412021 512612022 212212023 712212022 1212812023 612112022 412712022 31212022 9129/2023 111412022 1012112022 8123/2023 6/2412022 12130/2021 21912024 11/4/2022 6129/2022 511212022 7131/2023 9115/2022 1126/2023 8131/2023 1131/2022 212712023 9130/2020 9121/2022 81412022 8/2912023 812812023 21112022 10130/2020 512912020 111512020 712612023 111912022 9114/2023 61212022 Term NIA NIA 36 Mos 60 Mos 60 Mos 36 Mos 60 Mos 36 Mos 36 Mos 12 Mos 48 Mos 60 Mos 60 Mos 60 Mos 42 Mos 48 Mos 60 Mos 36 Mos 60 Mos 48 Mos 48 Mos 60 Mos 60 Mos 60 Mos 24 Mos 60 Mos 36 Mos 60 Mos 60 Mos 36 Mos 60 Mos 30 Mos 60 Mos 36 Mos 55 Mos 36 Mos 60 Mos 42 Mos 36 Mos 60 Mos 60 Mos 60 Mos 30 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 60 Mos 60 Mos 60 Mos 60 Mos 36 Mos Maturity Date On Demand On Demand 8/1912027 6129/2027 912712028 3/2312026 1111512028 31312025 3/3012026 112112025 313112026 712212025 12118/2024 1212512025 1011412025 81312026 31512026 612312025 112412025 31412026 513012028 1111712026 4120/2027 411712025 5124/2025 712912027 1011412025 812112029 7130/2029 211212026 411412027 612312025 912712026 512712025 9/3012027 712212025 1212812028 1212212025 412812025 31212027 9/2912028 111412027 412112025 813012028 612412027 1213012026 21912029 111412025 6/2912027 511212027 7131/2026 9/1512027 412912025 212612027 112912027 212412025 9130/2025 912112027 81412027 8/3012027 812812028 21212026 4/3012025 512912025 111512025 712612028 111912027 911412028 61212025 Market Value 25,638,035 3,547,661 4,372,260 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250.000 Book Value 25,638,035 3,547,661 4,372,260 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 249,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 Yield 4.52% 4.50% 3.92% 3.55% 5.07% 5.15% 5.34% 1.80% 5.05% 5.10% 2.10% 0.65% 1.75% 0.50% 2.05% 3.50% 0.65% 3.10% 1.70% 1.90% 5.25% 1.10% 2.80% 1.50% 5.02% 3.50% 4.60% 4.60% 5.40% 4.65% 2.65% 5.00% 0.80% 3.00% 4.40% 3.30% 5.30% 3."10% 2.80% 2.00% 5.15%, 1.20% 4.45% 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% 1.75% 5.55% 5.10% 5.07% 3.05% A-4 CI TY OF RANCHO PALOS V ER DES MONTHLY TR EASURER'S REPORT OCTOB ER 2024 Issuer of Acquisit ion Maturity Market Bo ok Investment In vestment CUS IP # Date Term Date Value Valu e Yie ld Mountain Amer Fed CR UN 62384RAL0 8/31 /2022 36 Mos 8129/2025 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% Numerica Credit Un ion 67054NBA0 11/412022 24 Mos 1114/2024 250 ,000 250,000 4.85% Oklahoma Fed Credit Union 67886WAB3 11/22/2022 24 Mos 11/2212024 250,000 250,000 5.00% Old Dominion Nat;I Bank 679585AZ2 1/2012022 SO Mos 1/2 0/2027 250 ,000 250,000 1.15% Old Mission Bank 68002LCN6 4129/2022 54 Mos 1012912026 250,000 250,000 2.65% Onpa th Fed Cr Un ion 68283MAG 1 9/15/2022 60 Mos 9/1512027 250,000 250,000 3.80% Pathfinder Bank 70320KBR1 1/31/2022 60 Mos 1/2 9/2027 250,000 250 ,000 1.20% Pima Fed Cr Un 722000AC0 8/17/2023 36 Mos 8/17/2026 250,000 s 250,000 5 .30% Pittsburgh City Hall 72500MAA3 8/1612022 60 Mos 8/1612027 250,000 250,000 3.60% Popu lar Bank 73317AAY8 4/1312022 36 Mos 4/1412025 250 ,000 250,000 2.45% Preferred Bank LA 740367MA2 7/1712020 60 Mos 711712025 250,000 250,000 0 .50% Raymond James Bank 75472RAN1 11 126/2019 60 Mos 11 12612024 250 ,000 250,000 1.85% Rogue Credit Union 77535MAL7 1/20/2023 48 Mos 1/2012027 250,000 250,000 5.05% Saco&Biddefords Savs 78577THR9 7/2112022 60 Mos 7/21/2027 250,000 250 ,000 3.45% Sharonview Fed Cr Un ion 819866BM5 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% Southwest Fin l Fed Cr Un 84485EAJ6 9/2 1/2 022 60Mos 912112027 250 ,000 250,000 3.80 % State Bank of India 856285RS2 11127/2 019 72 Mos 11 12712024 250 ,000 250,000 2.05% St Lawre nce Fed Cr Un 791125AC1 12/1/2023 60 Mos 121112028 250 ,000 250,000 5.69% Texas Exchange Bank 88241TJJ0 10/23/2020 60 Mos 10/2312025 250 ,000 250,000 0.60% Texas Exchange Bank 88241TJN1 11/2 5/2020 60 Mos 11 /2512025 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 81512022 51 Mos 11/16/2026 250,000 250,000 3.60% The Dist Cr Un 88340AAC5 1212212022 36 Mos 12/22/2025 250 ,000 250,000 5.25% Toyota Financia l Svgs Bank 89235MLE9 7129/2021 60 Mos 7129/2026 250,000 250,000 0.95 % Truliant Fed Cr Un 89789AAE7 3/10/2023 30 Mos 9/1012025 s 250 ,000 250,000 5.05% Trustone Finl Cr Un 89841MAF4 7/1912022 60 Mos 7/19/2027 s 250,000 250,000 3.40% Tucson Fed Ce Un 8988 12AC6 9/8/2023 60 Mos 918/2028 250 ,000 250,000 5.00% University Credit Union 914242AA0 2/21/2023 31 Mos 9126/2025 249 ,000 249,000 4.00% United Bankers Bank 909557JP6 12/16/2021 56 Mos 8/17/2026 250,000 250,000 1.00% USS Bank 90355GPK6 71312024 48 Mos 711012028 250,000 250,000 4.60% Valley Strong Cr Union 920133AJ4 12/14/2022 24 Mos 12113/2024 250,000 250,000 5.10% Vision Bank of Iowa 92834CCL4 11/29/2019 72 Mos 11 129/2024 250 ,000 250 ,000 1.75% Workers Credit Union 98138MAM2 4/17/2023 22 Mos 2/28/2025 249 ,000 s 249,000 1.49% Workers Fed Cr Un 98 138MCB4 1111512023 60 Mos 11 /15/2027 250 ,000 s 250,000 5.35% Treasury-Bank or New York (Stifel) United States Treas 912828XZ8 6/3012020 60 Mos 6/30/2025 1,000 ,000 1,000,000 2.75% United States Treas 91282CAJ0 2/28/2021 20 Mos 8/31/2025 1,978,000 1,978,000 4.40% United States Treas 912797KS5 5/20/2024 11 Mos 4117/2025 1,000,000 1,000,000 5.00% United Stales Treas 91282CDZ1 7/1/2024 7 Mos 211512025 1,000 ,000 1,000,000 5.24% United States Treas 91282CDZ1 7/812024 7 Mos 2/15/2025 2,000 ,000 2,000,000 5.13% United States Treas 91282CEU1 71812024 11 Mos 6/15/2025 3,000 ,000 3,000,000 4.94 % United States Treas 912828R36 7119/2024 23 Mos 5115/2026 3,000 ,000 3,000,000 4.48% United States Treas 91282CEH0 8112/2024 8 Mos 411512025 1,000,000 1,000,000 4.57% United States Treas 912797MM6 9/5/2024 6Mos 3/612025 1,000,000 1,000,000 2.65% United States Treas 91282CAL5 9/3012024 36 Mos 9/3012027 1,000,000 1,000,000 3.56% United Slates Treas 91282CFJ5 8/31/2024 60 Mos 8/3112029 1,000,000 1,000,000 3.19% Agency Bonds (Stifel) Fed Agric MTG Co rp 31424WFC1 1/22/2024 36 Mos 1/22/2027 1,000 ,000 1,000,000 5.00% Fed Farm Credit Bank 3133ENNX4 12/1512022 26 Mos 2/14/2025 1,052 ,000 1,052,000 1.67 % Fed Home Loan Bank 3130ASYR4 8/3012022 36 Mos 812812025 1,000,000 1,000,000 4.00% Fed Home Loan MTG Corp 3134H1UZ4 2/26/2024 60 Mos 2/2612029 1,000,000 1,000,000 5.00% Fed Home Loan Bank 3130ARYF2 8/2/2024 34 Mos 5/2412027 500,000 500,000 4.00 1% Fed Home Loan Bank 3130ASF53 812/2024 35 Mos 6/3012027 500,000 500,000 4.00 % Fed Fa rm Credit Bank 3133ERMH1 81212024 60 Mos 7/2912027 3,000 ,000 3 ,0 00,000 5.00% Fed Farm Credit Bank 3133ERRE3 8122/2024 60 Mos 8/2812029 1,000 ,000 1,000,000 4.72 1% Fed Farm Credit Bank 3133ERRE3 8/23/2024 60 Mos 812812029 1,000 ,000 1,000,000 4.72% Fed Home Loan Bank 3134HAFB4 812312024 60 Mos 811412029 400,000 400,000 4.20% Fed Farm Credit Bank 3133ERMH1 812912024 59 Mos 712912027 1,000 ,000 1,000 ,000 5.00 % Total In ves tm ents 87 ,729,956 4 .04% Summary : Local Agency Investment Fu nd (LA IF-C ITY) 25,638 ,035.18 MMDA-BMO 3,547,660.63 Certifica te of Deposit -Malaga Bank 4,372,259.81 Certificate of Deposit -Stifel 25 ,742 ,000.00 Treasury Bills & Agency Bonds -Sti fel 28,430,000.00 16 ,978,000 11,452,000 28,430,000 Total Investments 87,729,955.62 19 .4% 13 .1% 32.4% BMO Balance 4,283 ,973.37 Petty Cash 5 ,000.00 Stifel Money Market 37 ,765.08 Total Cash & Investment 92,056,694.07 Total Cash & Investment from above 92 ,056,694.07 A-5 NOTE: SUMMARY OF CASH BALA NCE BY INSTITUTION OCTOBER 20 24 BMO • Mon ey Market 4% (1) LAIF market va lu es will be reported to vary from book value if the City calculated share of total LAI F assets is less than the Ci ty book value . To the best of my knowledge , there are no misstatements of material amounts within this report ; or omissions of material amounts to cau se th e report to be mi slead ing . 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 reve nu es are ava ilable to meet the City's expenditure requi rements for the next six months. Respectfully submitted, Treasurer Malaga Bank -CD 5%