CC SR 20250401 D - City February Treasury Report
CITY COUNCIL MEETING DATE: 04/01/2025
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to receive the February 2025 Cash Balances/Monthly
Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the February 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: Catherine Jun, Deputy 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
February 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 $82.6 million (Chart 1) with approximately
$21 million or 25% of the total cash balance in the Local Agency Investment Fund (LAIF).
The City has a total of over $4.2 million (5%) of the total cash balance with BMO, which
includes nearly $3.7 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 (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
Investments under the City’s brokerage firm Stifel include Certificates of Deposit (CD)
investments of $21.5 million (26%), Treasury Bills and Agency Bonds of $32.9 million
(40%) of the total cash balance, and a money market account has a deficit balance of
$1.3 million (-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 deficit was due to the timing of the investment purchase and the posting of the
transactions at Stifel. This deficit was resolved by the first business day in March. 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.
Chart 1: Cash and Investments $82.6M (in millions)
As reported in the January report, the City’s total interest earnings from all investments
are approximately $1.86 million (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 quarter last year of $1.57 million.
Interest earnings are recorded quarterly; therefore, the current interest earnings
remain the same as reported in January. The next interest earnings report will be
updated in the March report.
$32.9
$21.5
$20.9
$3.7
$4.4
-$0.8
40%
26%
25%
4%
5%
-1%
-$5.0 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0
Investments - Treasury Bonds (Stifel)
Investments - CD (Stifel)
Investmetns - LAIF
Checking Accounts (BMO)
Investments - CD (Malaga)
Money Market (BMO and Stifel)
2
Chart 2: Interest Earnings $1.86M (July 2024 – January 2025) (in millions)
Chart 3: Investments - Average Yield
Summary of Cash Balance by Fund
In summary, as illustrated in Chart 4, the City’s General Fund has approximately $31.1
million or 38% of cash balance, and the Capital Infrastructure Program (CIP) Fund has
over $22.4 million or 27% of cash balance. The remaining cash balances are as follows:
over $3 million (4%) in the Equipment Replacement Fund , over $3 million (4%) in the
1911 Act Fund, over $62,000 (<1%) in the Quimby Fund, and over $23 million (27%) in
Other Restricted Funds.
$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
4.5%
3.9%
3.2%
4.2%4.3%
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
3
Chart 4: Summary of Cash Balance by Fund (in millions)
Compared to the February 2024 balance, the City’s cash balance decreased by $17
million, primarily due to ongoing expenditures for emergency response and mitigation
efforts related to the Portuguese Bend Landslide. When comparing the balance in
January 2025, the City’s cash balance decreased by $5.6 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 February included Aleshire and
Wynder for legal services, Clarke Contracting for the storm drain sewer repairs, Cotton,
Shires and Associates for geologic evaluation in the Portuguese Bend Landslide area,
Hardy and Harper for emergency roadway repairs, Hout Construction for the emergency
hydraugers construction management and inspection services, Los Angeles County
Sheriff’s Department for law enforcement 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, Palos
Verdes Peninsula Transit Authority for the City’s contribution to Palos Verdes Transit, and
Yunex LLC for the illuminated street name signs. All expenditures were disbursed in
accordance with the Fiscal Year 2024-25 budget and the City Council’s approved
expenditures related to the landslide.
GENERAL FUND
$31.1
38%
CIP FUND
$22.4
27%
OTHER RESTRICTED
FUNDS
$29.1
35%
4
A-1
BEGINNIN G BALANCE
PLUS : DEPOSITS
PLUS: IN TEREST EARN INGS(1)
LESS : CHECK DISBURSEMENTS
LESS: ELECTRONIC DISBUR SEMENTS(2)
ADJUSTMENTS(3)
PLUS : TRANSFERS IN
LESS: TRANSFERS OUT
ENDING BALANCE
(1) All LAIF in terest is paid quarterly .
(2) Elect roni c Disbursem ents:
Payroll
Payroll Charges
Bank and Merchant Fees
Prtty Cash
BMO
Operati ng
3 ,864 ,596.40
2 ,309 ,452 .65
(7,482,532.47)
(882 ,257.71)
28,144 .00
5,855 ,000 .00
3,692 ,402 .87
540 ,902 .76
315,527 .18
25 ,139.77
688.00
882 ,257.7 1
(3) The net adjustment was due to void checks and miscellaneous adjustment.
C ITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
FEBRUARY 2025
Ma laga Bank
BMO Non -Negotiable
MM0A Petty Cash LA IF-C IT Y CD
5,575 ,177.18 5,000.00 20,921,113.18 4,415 ,627 .96
(5,000 ,000 .00)
575,177.18 5,000.00 20,921 ,113.18 4,415 ,627 .96
FEBRUARY 2025 CASH BALANCE BY MAJOR FUNDS
0% 0%
Stifel Stife l
Money Market In vestment Total Cash
116,364.12 53,422 ,000 .00 88 ,319 ,878.84
2,309,452.65
(7 ,482 ,532.47)
(882,257 .71)
(1,448,084 .54) 950 ,000.00 (469 ,940 .54)
5 ,855 ,000.00
(5,000 ,000.00)
(1 ,33 1,720.42) 54 ,372 ,000 .00 82,649 ,600.77
■GENERAL FUN D 38%
■C IP 27%
■EQU I PMEN T REPLACEMENT 4%
111911 ACT 4%
DHABITAT RESTORATION 0%
CQUIMBYO%
C OTHER RESTRICTED FUNDS 27%
A-2
CAS H BA LAN CES BY FUND
Unrestricted
GENERAL FUND
Restricted bv Council Ac/ion
BEAUTIFICATION FUND
CIP
EQUIPMENT REPLACEMENT
BUILDING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subto tal
Reslric/ed bv Law or External Aaencies
STREET MA INTEN A NCE
1972 ACT
GAS TAX-SB 1
EL PRADO
CDBG
CDBG-R
191 1 AC T
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOS ITION C
PROPO S ITION A
PUBLIC SAFETY GRANTS
MEASURER
MEASURE M
HAB ITAT RESTOR ATION
SUBREG ION 1 MAINTENANCE
MEASURE A MA INTENANCE
ABALONE COVE SEWER DI STRICT
RPVTV
GINSBURG CULTURE A RTS BUILDING
DONOR RESTRICTED CONTRIBUTIONS
FEDER AL GRANTS
STATE GRA NTS
FEDER AL GRANTS-ARPA
QU IMBY
LOW-MODERATE IN CO ME HOUSING
AFFORDABLE HSNG IN LIEU
EET
MEASURE A CAPITAL
BIKEWAYS
UNDERGROUND UTILITIE S
ROADWAY BE AUT IFI CATION
MEASURE W
WATER QUALITY FLOOD PROTEC TI ON
REDE VELOPMENT OBLIGATION RETIRE
IMPROVEMENT DISTR ICT 9
SPECIAL TRUSTS
Subtotal
GRAND TOTAL
C ITY O F RA NCHO PA LOS V ERDES
MO NTHLY TREAS URER'S REPORT
FEBRU ARY 20 25
BALANCE
FORWARD DEBIT CREDIT
37,677,53 6.95 15,020,3 09.48 21,6 03,973.50
0 .00 0.00 0.00
19,943 ,359.94 6 ,400 ,000.00 3,917 ,104.28
3,275 ,334.00 0.00 3,675.17
0.00 0.00 0.00
1,279,860.97 0.00 0.00
0.00 0.00 0.00
24,498,554.91 6,400,0 00.00 3,920,779.45
1,673,258.30 90 ,134.38 35 ,255 .37
31 ,846.65 0.00 0.00
2,500 ,675.15 104 ,333.16 128 ,353.42
55 ,819.36 174 .30 0.00
26,888 .76 0.00 660.00
0.00 0.00 0.00
3,265,722 .75 44 ,453.33 223,246.37
573 ,786.26 5,283.05 42 ,149 .28
111 ,415 .05 0.00 0.00
1,016 ,539.99 89,414.97 0 .00
3,208 ,613.78 107,797.55 903 ,149.00
154,798.56 0.00 0.00
3,551,461 .06 0.00 9 ,044 .16
700,772 .88 0.00 47 ,638.45
1,874 .84 0.00 0.00
813,493 .58 0.00 9,483 .37
8,0 93 .92 0 .00 0 .00
132,633.71 3,601.65 5,2 94.32
0.00 0.00 0.00
0 .00 0.00 0.00
999,638.25 0.00 5 ,049.09
(5,637.50 ) 6 ,960 .00 1,322 .50
1,466 ,569.93 0.00 0.00
792,064 .62 0 .00 587 ,964.68
62,948.36 0.00 0 .00
525,928.79 0.00 0 .00
946,811 .81 0.00 0.00
94 ,12 9.01 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
1,934,302 .85 0.00 30,603.38
0.00 0.00 0.00
28,909.11 0.0 0 0.00
0 .00 0.00 0 .00
1,470,427 .15 62 ,358.00 51 ,13 1.60
26,143,786.98 514,5 10.39 2,080,344.99
88,3 19,878.84 21,934,8 19.87 27 ,60 5,09 7 .94
Total Investment:
Chanqe In Chanqe In
Ending Cash Ending Cash
CASH Balance Balance in%
31,093,872 .93 (6 ,583,664.02 -17%
0 .00 0.00 0%
22,426,255.66 2,482 ,895.72 12%
3 ,271 ,658.83 (3 ,675.17) 0%
0.00 0.00 0%
1,279 ,860.97 0.00 0%
0.00 0.00 0%
26,977,775.46 2,479,220.55 10%
1,728,137 .3 1 54,879.01 3%
31 ,846 .65 0.00 0%
2,476 ,654 .89 (24 ,020.26) 0%
55 ,993 .66 174 .30 0%
26 ,228 .76 (660.00) -2%
0 .00 0.00 0%
3,086 ,929.71 (178,793.04) -5%
536 ,920.03 (36 ,866.23) -6%
111,415.05 0.00 0%
1,105,954 .96 89,414 .97 9%
2 ,413,262 .33 (795 ,351.45) -25%
154,798 .56 0 .00 0%
3,542,416.90 (9,044 .16) 0%
653 ,134.43 (47 ,638.45 -7%
1,874.84 0.00 0%
804 ,010.2 1 (9,483.37) -1 %
8 ,093.92 0.00 0%
130,941 .04 (1 ,692.67) -1%
0.00 0.00 0%
0.00 0.00 0%
994,589.16 (5,049 09) -1 %
0.00 5,637 .50 0%
1,466 ,5 69 .93 0.00 0%
204 ,099 .94 (587 ,964 68) -74 %
62,948 .36 0.00 0%
525 ,928 .79 0.00 0%
946,811 .81 0.00 0%
94 ,129 .01 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
0.00 0.00 0%
1,903 ,699.47 (30,603.38) -2%
0 .00 0.00 0%
28,909.11 0.00 0%
0 .00 0 .00 0%
1,481 ,653.55 11 ,226.40 1%
24,577,952.38 (1,565,834.60 -6%
82,649,60 0.77 (5,670,278.07 -6%
82,649,600.77
A-3
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
FEBRUARY 2025
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 20,921,113 20,921,113 4.33%
Note (1)
MMDA BMO NIA NIA On Demand 575,177 575,177 4.50%
co -Non-Negotiable Malaga Bank 8/1912024 36 Mos 811912027 4,415,628 4,415,628 3.92%
CD -Bank of America -Stifel (Non-Negotiable) A+ Fed Credit Union Austin 00224TAB2 612912022 60 Mos 6/2912027 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 3/2312026 250,000 250,000 5.15%
Alliant Credit Union 01882MAH5 1111512023 60 Mos 1111512028 250,000 250,000 5.34%
American Expr Natl Bank 02589ABM3 31312022 36 Mos 31312025 250,000 250,000 1.800/c)
American First Cr Un 02616ABX6 3/3012023 36 Mos 3130/2026 $ 250,000 250,000 5.05%
Auburn State Bank 05059LAC6 3131/2022 48 Mos 313112026 $ 250,000 250,000 2.10%
Bank of Baroda 06063HMT7 7122/2020 60 Mos 712212025 250,000 $ 250,000 0.65%
Bank Hapoalim 06251A2Q2 12114/2020 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 81312026 250,000 250,000 3.50%
Bankunited 066519QK8 31512021 60 Mos 31512026 250,000 250,000 0.65%
Baxter Credit Union 07181JAB0 612312022 36 Mos 6123/2025 s 250,000 250,000 3.10%
Beal Bank USA 07371CK32 31912022 48 Mos 31412026 $ 250,000 250,000 1.90%
BOM Bank 09776DAA2 512312024 48 Mos 5/30/2028 $ 250,000 250,000 5.25%
Capital One 14042RQB0 1111712021 60 Mos 1111712026 $ 250,000 250,000 1.10%
Capital One 14042RQS3 4/2012022 60 Mos 4/2012027 $ 250,000 250,000 2.80%
Celtic Bank 15118RUX3 411712020 60 Mos 411712025 $ 250,000 250,000 1.50%
Centris Fed Cr Un 15643VAB8 5/2412023 24 Mos 5/2412025 250,000 250,000 5.02%
Chief Finl Fed Cr Un
Rochester 16863LAB1 7129/2022 60 Mos 712912027 250,000 250,000 3.50%
Chief Finl Fed Cr Un
Rochester 16863LAE5 10/1212022 36 Mos 1011412025 250,000 250,000 4.60%
Citizens Bank 173477CC2 81512024 60 Mos 8/2112029 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%
Comenity Capital Bank 20033A3A2 4/1412022 60 Mos 411412027 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 5/2612022 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 712212025 250,000 250,000 3.30%
Dart Bk Mason 237412AS0 6/2112022 42 Mos 12/2212025 250,000 250,000 3.10%
Discover Bank 254673B70 412712022 36 Mos 4/2812025 250,000 250,000 2.80%
Eaglemark Savings Bank 27004PCM3 31212022 60 Mos 31212027 250,000 250,000 2.00%
Empower Credit Union 291916AB0 912912023 60 Mos 9/2912028 250,000 250,000 5.15%
Farmers&Merchants Bank 307811DP1 1/1412022 60 Mos 1/1412027 250,000 250,000 1.20%
First Bank Blue Earth 32114MAY3 1012112022 30 Mos 412112025 250,000 250,000 4.45%
First lndpt Bank 32056VAM9 812312023 60 Mos 8/30/2028 s 250,000 250,000 5.30%
First Nat'I Bank 32110YXG5 6/2412022 60 Mos 6124/2027 $ 250,000 250,000 3.25%
First Natl Bank/DAMA 32117BEQ7 12130/2021 60 Mos 12/30/2026 s 250,000 250,000 1.25%
Flushing Bank 34387AFF1 11/412022 36 Mos 1114/2025 $ 250,000 250,000 4.70%1
Four Pts FCU Omaha 35089LAD5 6/2912022 60 Mos 6/2912027 250,000 250,000 3.40%
Generations Bank 37149CAX5 5/1212022 60 Mos 511212027 250,000 250,000 3.10%
GESA Cr Union 37424PAH7 7131/2023 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 1126/2023 27 Mos. 4/2912025 249,000 249,000 2.65%
Hapo Cmnty Cr Un 41138NAB4 8131/2023 42 Mos. 212612027 250,000 250,000 5.00%
lntercredit Bank NA 458657MC4 1131/2022 60 Mos 112912027 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 9121/2022 60 Mos 912112027 250,000 250,000 4.10%
Lebanon FCU PA 52248LAB2 81412022 60 Mos 81412027 250,000 250,000 3.55°/o
Liberty First Cr Un 530520AM7 8129/2023 48 Mos 8130/2027 250,000 250,000 5.00%
Lincoln Park Cmnty Cr Un 534574AC2 8/2812023 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 10/30/2020 54 Mos 4130/2025 250,000 250,000 0.40%
Malaga Bank FSB 56102AAJ5 5/2912020 60 Mos 512912025 250,000 250,000 0.70%
Midflorida Cr Union 59741QAA0 7126/2023 60 Mos 712612028 250,000 250,000 5.55%
Money One FCU 60936TAL3 9/1412023 60 Mos 9114/2028 250,000 250,000 5.07%
Morgan Stanley Bk 61690UK82 61212022 36 Mos 61212025 250,000 250,000 3.05%
Mountain Amer Fed CR UN 62384RAL0 8/3112022 36 Mos 8/2912025 250,000 250,000 3.50%
Mutual First Fed Cr Union 62825MAA2 81312023 24 Mos 8/412025 250,000 250,000 5.20%
A-4
CITY OF RANCHO PALOS VERDES
MONTHLY TREASURER'S REPORT
FEBRUARY 2025
Iss uer of Ac quisition Mat ur ity Ma rket Book
In vestmen t In vestment CUS IP # Date Term Date Va lu e Value Yield
Nat'I Bank of Comme rce 633368FJ9 1/1912 022 60 Mos 1/1912 027 250 ,000 250,000 1.15%
Old Dom inion Nat ;I Bank 679585AZ2 112 012 022 60 Mos 112012027 250,000 250,000 1.15%
Old Mission Bank 68002LCN6 412912022 54 Mos 1012912026 250 ,000 250,000 2.65%
Onpath Fed Cr Unio n 68283MAG 1 9/1512022 60 Mos 9/1512027 250,000 250,000 3.80%
Path fin der Bank 70320KBR1 1131 /2022 60 Mos 112912027 250 ,000 250 ,000 1.20%
Pima Fed Cr Un 722000AC0 811712023 36 Mos 811712026 250,000 250,000 5.30%
Pittsburgh City Hall 72500MAA3 8/1612022 60 Mos 8/1612027 250 ,000 250,000 3.6 0%
Popular Bank 73317AAY8 4113 12022 36 Mos 411412025 250,000 250 ,000 2.45 %
Preferred Bank LA 740367MA2 711712020 60 Mos 711712 025 250,000 250 ,000 0.5 0%
Rogue Credit Union 77535MAL7 112012023 48 Mos 112012027 250 ,000 250,000 5.05%
Saco&Bidde for ds Savs 78577THR9 712 112022 60 Mos 712 112027 250,000 250,000 3.45%
Sharonview Fed Cr Union 819866BM5 8/1512022 36 Mos 811512025 250,000 250,000 3.40%
Signature Fed Cr Un 82671DAA5 1012712022 48 Mos 1012712026 248,000 248,000 4.60%
Southwest Finl Fed Cr Un 84485EAJ6 9121 12022 60 Mos 9121 12027 250 ,000 250 ,000 3.80%
Te xas Exchange Bank 88241T JJ0 1012312020 60 Mos 1012312025 250 ,000 250 ,000 0.60%
Texas Exchange Bank 88241TJN 1 11 12512020 60 Mos 11 12512025 250,000 250,000 0.60%
Texas Exchange Bank 88241T JR2 1211812020 60 Mos 12/1812025 250,000 250 ,000 0 .60%
Texas Exca nge BK SSB 88241TNV8 81512022 51 Mos 11 11612026 250 ,000 250,000 3.60%
Toyota Financial Svgs Bank 89235MLE9 71291202 1 60 Mos 712912026 250,000 250 ,000 0.95%
Truli ant Fed Cr Un 89789AAE7 311012023 30 Mos 911 012025 250,000 250,000 5.05%
Trustone Fin l Cr Un 89841MAF4 711912022 60 Mos 711912 027 250 ,000 250 ,000 3.40%
Tucson Fe d Ce Un 898812AC6 91812023 60 Mos 91812028 250 ,000 250,000 5.00%
Uni versity Credit Union 914242AA0 2/2112023 31 Mos 912612025 249,000 249 ,000 4.00 %
Un ited Bankers Bank 909557JP6 12/1612021 56 Mos 811712026 25 0 ,000 250,000 1.00%
use Bank 90355GPK6 71312024 48 Mos 711012028 250,000 250,000 4.60 %
Workers Fed Cr Un 98138MCB4 11 11512023 60 Mos 1111512027 250,000 250 ,000 5.35%
Treasury-Bank of New York (Stifel) United Sta tes Trea s 912828XZ8 6/3012020 60 Mos 6/3012025 1,000,000 1,000 ,000 2.75%
Unit ed States Treas 91282CAJ0 212812021 20Mos 8/3 112025 1,978,000 1,978,000 4.40 %
United States Treas 912797KS5 512012024 11 Mos 411712025 1 ,000,000 1,000,000 5.00%
Uni ted States Treas 91282CEU1 71812024 11 Mos 611512 025 3 ,000,000 3,000,000 4.94 %
Uni ted Sta tes Treas 912828R36 711912024 23 Mos 511512 026 3,000,000 3,000,000 4.48 %
United States Treas 91282CEH0 811212024 8 Mos 411 512025 1,000 ,0 00 1,000,000 4.57%
United States Treas 912797MM6 91512024 6 Mos 31612025 1,000,000 1,000,000 2.65%
United States Treas 91282CAL5 913 012 024 36 Mos 9130/2027 1,000,000 1,000,000 3.56%
United Stat es Treas 91282CFJ5 813 1/2024 60Mos 813112029 1,000 ,000 1,000,000 3.19 %
United States Trea s 91282CFT3 111712024 60 Mos 11131/2029 1,000 ,000 1,000,000 4.00 1%
United States Treas 91282CFJ5 12/312024 68 Mos 813112029 s 2,000,000 2,000,000 3.13%
Agency Bonds (Sti fel) 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 212612 029 1,000,000 1,000,000 5.00%
Fed Home Loan Bank 3130ARYF2 81212024 34 Mos 512412027 500,000 500,000 4.00%
Fed Home Loan Bank 3130ASF53 812/2024 35 Mos 6/3012027 500 ,000 500 ,000 4 .00%
Fed Farm Credit Bank 3133ERMH1 81212024 60 Mos 712912027 3,000 ,0 00 3,000,000 5.00%
Fed Farm Credi t Bank 3133ERRE3 812212024 60 Mos 8/2812029 1,000 ,000 1,000 ,000 4.72%
Fed Farm Cre dit Bank 3133ERRE3 8/2312024 60 Mos 8/2812029 1,000,000 1,000,000 4.72%
Fed Home Loan Bank 3134HAFB4 8/2312024 60 Mos 8/1412029 s 400,000 400,000 4.20%
Fed Farm Credit Bank 3133ERMH1 812912024 59 Mos 712912027 1,000,000 1,000,000 5.00%
Fed Agric MTG Corp 31422BPD6 111412025 58 Mos 1111412029 1,000,000 1,000 ,000 4.70%
Fed Agric MTG Co rp 31422B4P2 2/1412025 10 Mos 12/1812025 s 3,000,000 3,000,000 4.30%
Fed Agric MTG Corp 31422B6W5 211412025 9Mos 1112012025 1,000,000 1,000,000 4.3 0%
Fed Home Loan Bank 3130B5EX2 212812025 60 Mos 31 12/2030 1,500,000 1,500,000 4.50%
Total Investments 80,2 83 ,918 3.97%
Summary :
Local Agency Inves tment Fund (LAIF-CI TY) 20 ,921 ,113.18
MMOA-BMO 575,177 .18
Certificate of Deposit -Malaga Bank 4,415 ,627 .96
Certificate of Deposit -Stifel 21 ,494,000.00
Treasury Bills & Age ncy Bonds -Stifel 32 ,878 ,000 .00 16 ,978,000 15 ,900,000 32,878,000
Total Investments 80,283,918.32 21.1% 19 .8% 41.0%
BMO Balance 3,692,402.87
Petty Cash 5,000.00
Stifel Mo ne y Market (1,331 ,720.42)
Total Cas h & In ves tm ent 82 ,6 49 ,600.7 7
Total Cas h & Investment from above 82 ,649 ,600.77
A-5
NOTE:
SUMMARY OF CASH BALANCE BY I NST ITUTION
FEBRUARY 2025
Stifel -Money Market
Stifel -CD
26 %
BMO -Money Market
1%
(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 va lu e.
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 th at this report accu ratel y reflects all City investments and complies with th e inv estment policy of the City
of Rancho Palos Verdes as approved by the City Council. Furtherm ore , I certify that sufficient investment liquidity
and anticipated revenue s are available to meet the C ity's expenditure requirements for the next six months .
Respectfully submitted ,
M al ag a Bank • CD
5%
Dated