CC SR 20250304 D - City January 2025 Treasury Report
CITY COUNCIL MEETING DATE: 03/04/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the January 2025 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the January 2025 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 December 2024 (page A-1)
BACKGROUND AND DISCUSSION:
This report summarizes the cash balance of all funds and investments for the month of
January 2025. A separate report is prepared monthly for the Improvement Authority and
presented under separate cover before the Authority Commission.
Summary of Cash and Investments
The overall cash balances of the City totaled $88 million (Chart 1) with approximately $21
million or 24% of the total cash balance in the Local Agency Investment Fund (LAIF). The
City has a total of over $9.3 million or 10% of the total cash balance with BMO, which
includes $3.8 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. As shown in Attachment A, BMO’s money market yield is 4.5%. Additionally,
over $4.4 million or 5% is with Malaga Bank with a yield of 3.92%. Additional balance
details can be found in the attachments on page A-1.
1
Chart 1: Cash and Investments $88.3 million (in millions)
Investments under the City’s brokerage firm Stifel, include Certificates of Deposit (CD)
investments of $22 million or 25%, Treasury Bills and Agency Bonds of $31.4 million or
36% of the total cash balance, and a money market account has a balance of $116,364
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. Additional balance details
for each investment instrument can be found in the attachments on page A-1.
As of January 2025, the City’s total interest earnings from all investments is $1,859,202
(July 2024 – January 2025) as summarized below in Chart 2. Chart 3 summarizes the
average yields. This represents an increase of approximately $284,800 (+18%) compared
to the same period last year of $1,571,371.
Chart 2: Interest Earnings $1.9M (July 2024 – January 2025) (in millions)
$31.4
$22.5
$20.6
$4.9
$4.4
$3.6
36%
26%
24%
6%
5%
4%
$0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0
Investments - Treasury Bonds (Stifel)
Investments - CD (Stifel)
Investments - LAIF
Checking Accounts (BMO)
Investments - CD (Malaga)
Money Market (BMO and Stifel)
$52,034 $87,753
$1,048,096
$671,319
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
BMO - Money
Market
Malaga Bank - CD Stifel - CD, Treasury,
Agency Bonds
State of California -
LAIF
2
Chart 3: Investments - Average Yield (July 2024 – January 2025)
Summary of Cash Balance by Fund
In summary, as illustrated in Chart 4, the City’s General Fund has over $37.7 million or
43% of cash balance, and the Capital Infrastructure Program (CIP) Fund has
approximately $20 million or 22% of cash balance. The remaining cash balances are in
the Equipment Replacement Fund with over $3 million or 4%, over $3 million or 4% in the
1911 Act Fund, over $62,000 or less than 1% in the Quimby Fund, and over $24 million
or 27% in Other Restricted Funds.
Chart 4: Summary of Cash Balance by Fund (in millions)
4.5%
3.9%
3.2%
4.2%4.4%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
BMO - Money
Market
Malaga Bank - CD Stifel - CD Stifel - Treasury,
Agency Bonds
State of California -
LAIF
GENERAL FUND
$37.7
43%
CIP FUND
$19.9
22%
OTHER RESTRICTED
FUNDS
$30.7
35%
3
Compared to the January 2024 balance, the City’s cash balance decreased by $12
million, primarily due to ongoing expenditures for emergency response and mitigation
efforts related to the Portuguese Bend Landslide. When comparing the balance in
December 2024, the City’s cash balance increased by $0.9 million, mainly attributed to
the timing of billing for general operational services and disbursements for City-approved
projects. The major disbursements for the month of January included Aleshire and
Wynder for legal services, Clarke Contracting for Narcissa Bend sewer realignment
service, Cotton, Shires and Associates for geologic evaluation in the Portuguese Bend
Landslide area, Geologic Associates for emergency hydraugers engineering services,
Hardy and Harper for emergency 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, Ocean Blue Environmental Services for the landslide
sewage services at the residential areas, 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.
4
BEG INNING BALANCE
PLUS: DEPOSITS
PLUS : INTEREST EARNINGS(1)
LESS : CHECK DISBURSEMENTS
LESS: ELECTRONIC DISBURSEMENTS(2)
ADJUSTMENTS(3)
PLUS: TRANSFERS IN
LESS: TR ANSFERS OUT
ENDING BALANCE
(1) All LA IF interest is paid quarterly .
(2) Electronic Disb ursements:
Pay roll
Payroll Charges
Ba nk and Merchant Fees
Sates Taxes
BMO
Operating
4,910,601.65
7,234 ,683.26
(5 ,645 ,108.64)
(1,344,194 .26)
5,100.00
1,550,000.00
(2 ,846,485.61)
3,864 ,596.40
756,340.70
480,238.91
103 ,283 .65
4,331.00
1,344,194.26
(3) The net adjustment was due to void checks and miscellaneous adj ustment .
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2025
Malaga Bank
BMO Non-Negotiable
MMOA Petty Cash LA IF -CIT Y CD
3,547 ,660.63 5,000.00 20,638,035.18 4,372,259.81
27,5 16.55 283 ,078.0D 43 ,368.15
2,000,000 .00
5,575 ,177.18 5,000.00 20,921,11 3.18 4,415,627 .96
JANUARY 2025 CASH BALANCE BY MAJOR FUNDS
0% 0%
Stifel Stifel
Money Market In vestment Total Cash
38,057.60 53 ,922,000.00 87,433,6 14 .87
7,234,683.26
353,962 .7 D
(5 ,645 ,108 .64)
(1 ,344,194 .26)
78,306.52 (500 ,000.00) (416 ,593.48)
3,550 ,000.00
(2,846,485 .61)
116,364.12 53,422,000 .00 88,319,878.84
■GENERAL FUND 43%
■CIP 22%
■EQUIPMENT REPLACEMENT 4%
1911 ACT 4%
D H ABITAT RESTORATION 0%
DQUIMBYO%
COTHER RESTRI CTED FUNDS 27%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted bv Council Action
BEAUT IFICATION FUND
CIP
EQU IP MENT RE PLACEM ENT
BUIL DIN G REPLACEM ENT
EMPLOY EE PENS ION PLAN
EMP LOYEE BE NEFITS
Subtota l
Restricted bv Law or External Aaencies
STR EET MAINT ENA NC E
1972 ACT
GAS TAX-SB1
EL PRADO
CDBG
CDBG-R
1911 ACT
SO LI D WASTE
AIR Q UA LI TY MA NAG EMENT
PROPOSITI ON C
PROPOSITION A
PUB LI C SAFETY GRANTS
MEAS UR E R
MEASURE M
HAB ITAT RESTOR ATION
SUBR EGION 1 MA INTENANC E
ME AS UR E A MA INTENA NCE
ABALO NE COVE SEWER DISTR ICT
RPVTV
GINSBURG CULTURE ARTS BUILDING
DONOR RESTR ICTED CONTR IBUTIO NS
FEDERAL GRANTS
STATE GRANTS
FEDERA L GRANTS-A RPA
QU IMBY
LOW-MOD ERATE INCOME HOUS ING
AFFORDAB LE HSNG IN LIEU
EET
MEASURE A CAPITA L
BIKEWAYS
UNDERGROUND UTI LITI ES
ROAOWAY BEAU TI FICATION
MEAS URE W
WATER Q UALI TY FLOOD PROTECTI O N
REDEVE LOPMEN T OBLIGATION RE TI RE
IMPROVEM ENT DISTRICT 9
SP ECIAL TR US TS
Subtotal
GRAND TOTAL
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S R E PORT
JANUARY 2025
BALANCE
FORWARD DEBIT CREDIT
34,281,162.37 16,514,819.66 13,118,445.08
0.00 0.00 0.00
22 ,786 ,847 .67 98,573.60 2 ,942 ,061.33
3,268,475 .80 13 ,098.56 6 ,240.36
0.00 0.00 0 .00
1,275,054.44 4,806.53 0.00
0 .00 0.00 0 .00
27 330,377.91 11 6,478.6 9 2,948 ,3 01.6 9
1,615,126.30 11 4,4 44.4 2 56 ,3 12.42
31,720.48 126 .17 0 .00
2,4 13,169 .72 109,305.9 1 2 1,800.48
55,236 .88 582.48 0.00
26 ,778 .76 770.00 660 .00
0.00 0.00 0 .00
3,192 ,651 .50 105,584.80 32 ,513 .55
526,250.31 57 ,065.55 9,529 .60
111 ,0 10.39 404 .66 0.00
945,893 .89 70,646 .10 0.00
3,115,587.08 93 ,026.70 0.00
136,664 .59 18,133.97 0 .00
3,533,264 .11 64,107.96 45,9 11 .0 1
702,099.16 59,779.75 6 1,106.03
7,569 .93 39 ,577.44 45,272.53
8 17,382.41 3,241.17 7,130.00
8,009 .03 84 .89 0.00
126 ,183.43 6 ,760.08 309.80
0.00 0.00 0 .00
0 .00 0 .00 0.00
995,139.92 6,979 .03 2,480 .70
0 .00 0.00 5,637.50
1,460,659.30 5,910.63 0 .00
957,674 .92 7,0 54 .80 172,665.10
62,698.97 249.39 0.00
523,845.12 2,083.67 0.00
943,060.66 3,751 .15 0 .00
93,756.08 372.93 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
1,937,135.86 6 ,08 1.49 8,91 4.50
0.00 0.00 0.00
28,793.45 115.66 0.00
0 .00 0.0 0 0 .00
1,454 ,712 .34 32,515 .75 16 ,800.94
25,822,074.59 808 ,756.55 487,044 .16
87,433,614 .87 17,440,054.90 16,553,790.93
Total Investment :
Chanae In Change In
Ending Cash Ending Cash
CAS H Ba lance Ba lance in%
37 ,677,536.95 3,39 6,374.58 10%
0 .00 0.00 0%
19,943,359 .94 (2 ,843,487 73 -12%
3,275,334.00 6,858.20 0%
0.00 0.00 0%
1,279,860.97 4,806 .53 0%
0.00 0 .00 0%
24 ,498 ,554,91 12,8 31,823.00 -1 0%
1,673,258.30 58,132 .00 4%
31 ,846 .65 126.17 0%
2,500,675.15 87 ,505.43 0%
55 ,819.36 582.48 1%
26 ,888 .76 110.00 0%
0.00 0.00 0%
3,265,722 .75 73 ,071.25 2%
573 ,786.26 47,535.95 9%
111 ,4 15.05 40 4.66 0%
1,0 16 ,539 .99 70,646.10 7%
3,208,613 .78 93,026.70 3%
154 ,798 .56 18,133.97 13%
3,55 1,46 1.06 18,196.95 1%
700 ,772 .88 (1 ,326.28 0%
1,874.84 (5 ,695.09) -75 %
8 13,493.5 8 (3 ,888 83) 0%
8,093.92 84.89 1%
132 ,633.7 1 6 ,450.28 5%
0 .00 0 .00 0%
0.00 0 .00 0%
999,638 .25 4,498 .33 0%
(5 ,637 50) (5,637.50 0%
1,466 ,569.93 5,910.63 0%
792 ,064.62 (165,610 .30) -17%
62 ,948 .36 249.39 0%
525,928.79 2,083.67 0%
946,8 11.8 1 3,751.15 0%
94 ,129.01 372.93 0%
0 .00 0.00 0%
0.00 0 .00 0%
0 .00 0.00 0%
0.00 0.00 0%
1,934,302 .85 (2,833.01) 0%
0 .00 0.00 0%
28,909.11 115.66 0%
0.00 0 .00 0%
1,470,427 .15 15,714.8 1 1%
26 ,1 43,786.98 321 ,712 .39 1%
88 ,319,878 .84 886,263.97 1%
88,319,878.84
A-2
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2025
lssuerof Acquisition Maturity Market Book
Investment Investment CUSIP# Date Term Date Value Value Yield
Local Agency Investment Fund (LAIF-CITY) State of California N/A N/A On Demand 20,921,113 20,921,113 4.37%
Note (1)
MMDA BMO NIA NIA On Demand 5,575,177 5,575,177 4.50%
CD -Non-Negotiable Malaga Bank 8/19/2024 36 Mos 8/19/2027 4,415,628 4,415,628 3.92%
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%
Auburn State Bank 05059LAC6 3/31/2022 48 Mos 3/31/2026 250,000 $ 250,000 2.10%
Bank of Baroda 06063HMT7 7/2212020 60 Mos 7/22/2025 250,000 $ 250,000 0.65%
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%
Beal Bank USA 07371CK32 3/9/2022 48 Mos 3/4/2026 $ 250,000 250,000 1.90%
BOM Bank 09776DAA2 5/23/2024 48 Mos 5/30/2028 $ 250,000 250,000 5.25%
Capital One 14042RQB0 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%
Citizens Bank 173477CC2 8/5/2024 60 Mos 8/21/2029 249,000 $ 249,000 4.60%
Clearpath Fed Cr Un 18507MAD3 7/9/2024 60 Mos 7/30/2029 250,000 $ 250,000 5.40%
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%
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 7/22/2022 36 Mos 712212025 250,000 250,000 3.30%
Dart Bk Mason 237412AS0 6/21/2022 42 Mos 12/22/2025 $ 250,000 250,000 3.10%
Discover Bank 254673B70 4/27/2022 36 Mos 4/28/2025 $ 250,000 250,000 2.80%
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%
First Bank Blue Earth 32114MAY3 10/21/2022 30 Mos 4/21/2025 $ 250,000 $ 250,000 4.45%
First lndpt Bank 32056VAM9 8/23/2023 60 Mos 8/30/2028 $ 250,000 $ 250,000 5.30%
First Nat'I 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 s 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 41138NAB4 8/31/2023 42 Mos. 2/26/2027 s 250,000 $ 250,000 5.00%
lntercredit Bank NA 458657MC4 1/31/2022 60 Mos 1/29/2027 $ 250,000 $ 250,000 1.35%
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%
Midflorida Cr Union 59741QAA0 7/26/2023 60 Mos 7/26/2028 250,000 250,000 5.55%
Money One FCU 60936TAL3 9/14/2023 60 Mos 9/14/2028 250,000 250,000 5.07%
Morgan Stanley Bk 61690UK82 6/212022 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%
Mutual First Fed Cr Union 62825MAA2 8/3/2023 24 Mos 8/4/2025 250,000 250,000 5.20%
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
JANUARY 2025
Issuer of Acquisition Maturity Market Book
Investment Investment CUSIP# Date Term Date Value Value Yleld
Nat'I Bank of Commerce 633368FJ9 111912022 60 Mos 111912027 250 ,000 250 ,000 1.15%
Old Dominion Nat ;I Bank 679585AZ2 1120/2022 60 Mos 1/20/2027 250 ,000 250 ,000 1.15%
Old Mission Ban k 68002LCN6 4/29/2022 54 Mos 10/29/2026 250,000 250,000 2.65%
Onpath Fed Cr Union 68283MAG1 9/15/2022 60 Mos 9115/2027 250,000 250,000 3.80%
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 8/1612022 60 Mos 8/16/2027 250,000 250,000 3 .60%
Popular Bank 73317AAY8 4/1312022 36 Mos 4/1412025 250 ,000 250,000 2.45%
Preferred Bank LA 740367MA2 7/17/2020 60 Mos 711712025 250 ,000 250 ,000 0 .50%
Rogue Credit Union 77535MAL7 1/20/2023 48 Mos 1/20/2027 250 ,0 00 250,000 5.05%
Saco&Biddefords Savs 78577THR9 7121/2022 60 Mos 7/21/2027 250,000 250,000 3.45%
Sharonview Fed Cr Union 819866BM5 811512022 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 4.6 0%
Southwest Finl Fed Cr Un 84485EAJ6 9/21/2022 60 Mos 912112027 250,000 250,000 3 .60%
Texas Exchange Bank 88241TJJ0 10/23/2020 60 Mos 10/2312025 250,000 250,000 0 .60%
Texas Exchange Bank 88241TJN1 11/25/2020 60 Mos 11 /25/2025 s 250,000 250,000 0 .60%
Texas Exchange Bank 88241TJR2 12118/2020 60 Mos 12/18/2025 250 ,000 s 250,000 0 .60%
Texas Excange BK SSB 88241TNV8 81512022 51 Mos 11/16/2026 250,000 $ 250,000 3.60%
Toyota Financial Svgs Bank 89235MLE9 7/2 9/2021 60 Mos 7/29/2026 250 ,000 s 250,000 0 .95%
Truliant Fed C r Un 89789AAE7 3/10/2023 30 Mos 9/10/2025 250,000 s 250,000 5.05%
Trustone Finl Cr Un 89841MAF4 7/19/2022 60 Mos 7/19/2027 250,000 $ 250,000 3.40%
Tucson Fed Ce Un 898812AC6 9/8/2023 60 Mos 9/812028 250,000 s 250,000 5.00%
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%
USB Bank 90355GPK6 7/312024 48 Mos 7/10/2028 250,000 250,000 4.60%
Workers Credit Union 98138MAM2 4/17/2023 22 Mos 2/28/2025 249 ,000 249,000 1.49%
Workers Fed Cr Un 98138MCB4 11/15/2023 60 Mos 11 /15/2027 250 ,000 250 ,000 5.35 %
Treasury-Bank of New York (Stifel) United States Treas 912828XZ8 613012020 60 Mos 6130/2025 1,000 ,000 1,000 ,000 2.7 5%
Un ited States Treas 91 282CAJ0 2/28/2021 20Mos 8/31/2025 s 1,978,000 1,978,000 4.40%
United States Treas 912797KS5 5/2 0/2024 11 Mos 4/17/2025 $ 1,000 ,000 1,000,000 5 .00%
United States Treas 91282CDZ1 7/1/2024 7 Mos 2/15/2025 1,000 ,000 1,000,000 5.24%
United States Tre as 91282CDZ1 7/8/2024 7 Mos 2/15/2025 2,000 ,000 2,000,000 5.13%
United States Treas 91282CEU1 718/2024 11 Mos 6/1512025 3,000 ,000 3,000 ,000 4.94%
United States Treas 912828R36 711912024 23 Mos 5/1512026 3,000,000 3,000 ,000 4.48%
United States Treas 91282CEH0 8/12/2024 8 Mos 4/15/2025 1,000,000 1,000 ,000 4.5 7%
United States Treas 912797MM6 9/5/2024 6 Mos 3/6/2025 1,000,000 1,000 ,000 2.65%
United States Treas 91282CAL5 9/30/2024 36 Mos 9/30/2027 1,000,000 1,000 ,000 3.56%
United States Treas 91282CFJ5 8/31/2024 60 Mos 8/31 /2029 1,000,000 1,000,000 3.19%
United States Treas 91282CFT3 11 1712024 60 Mos 11 /31 /29 1,000,000 1,000,000 4.00%
United States Treas 91282CFJ5 12/312024 68 Mos 813112029 2,000 ,000 2,000,000 3.13%
Agency Bonds (Stifel) 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 8/30/2 022 36 Mos 8/28/2025 1,000,000 1,000 ,000 4.00%,
Fed Home Loan MTG Corp 3134H1UZ4 2/26/2024 60 Mos 2/26/2029 1,000,000 s 1,000 ,000 5 .00%
Fed Home Loan Bank 3130ARYF2 812/2024 34 Mos 5/24/2027 500,000 s 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 Credit Bank 3133ERMH1 8/2/2024 60 Mos 7/29/2027 3,000,000 3,000,000 5.00%
Fed Farm Credit Bank 3133ERRE3 8122/2024 60 Mos 8/2812029 1,000,000 1,000,000 4.72%
Fed Farm Credit Bank 3133ERRE3 8/23/2024 60 Mos 8/2812029 1,000 ,000 1,000,000 4.72%
Fed Home Loan Bank 3134HAFB4 8/23/2024 60 Mos 8/14/2029 400 ,000 400,000 4.20%
Fed Farm Credit Bank 3133ERMH1 8/2912024 59 Mos 7129/2027 1,000,000 1,000,000 5.00%
Fed Agric MTG Corp 31422BPD6 111412025 58 Mos 11/14/2029 1,000,000 1,000,000 4.70%
Total Investments 84,333,918 3.98%
Summary:
Local Agency Investment Fund (LAIF-C ITY) 20,921 ,113.18
MMDA-BMO 5,575 ,177.18
Certific ate of Deposit -Malaga Bank 4,415,627.96
Certificate of Deposit -Stifel 21 ,992,000.00
Treasury Bills & Agency Bonds -Stifel 31 ,430,000.00 19 ,978,000 11,452,000 31,430,000
Total Investments 84,333,918.32 23 .7% 13 .6% 37.3%
BMO Balance 3,864,596.40
Petty Cash 5,000.00
Stifel Mone y Market 116,364.12
Total Cash & Investment 88,319,878.84
Total Cash & Investment from above 88 ,319 ,878 .84
A-4
NOTE :
SUMMARY OF CASH BALANCE BY INSTITUTION
JANUARY 2025
St ifel -CD
25%
BMO -Money Market
6%
(1) LAIF market va lues will be reported to vary from book value if the City ca lculated 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 reflect s all City in ves tment s and co mplies wit h 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
Mal aga Bank -CD
5%
Dated
A-5