City of Huntington Beach
Quarterly Investment Report
March 2024
Prepared by:
Alisa Backstrom, MBA, CCMT, CPFIM
City Treasurer
Colin Stevens, MPP
Treasury Manager
1 INVESTMENT PORTFOLIO SUMMARY
As of Marc
h 31, 2024
Currently, funds within this portfolio with overnight av ailability are invested in the California Asset
Management Program “CAMP”. The CAMP account is considered a “Local Government Investment Pool” or “LGIP” for reporting purposes above. Ot her funds are invested in U.S. Treasuries, Supranationals (Internati onal Bank of Reconstruction and Development “IBRD”, Inter-American Development Bank “IADB”), U.S. Agencies, money market funds, and corporate bonds. Only the investment types allowed under California Government code Section 53601 and the City’s Investment Policy Statement are utilized.
After raising the federal funds rate by 5.25 perc entage points since March 2022 in one of the Fed’s fastest and largest rate hike campaigns, The F ederal Open Market Committee (“FOMC” or “the Fed”) has held the rate steady since July of last year. At the most recent March 2024 meeting, the FOMC maintained the federal funds rate at 5.25 to 5.50 percent.
As interest rates have been rising and have remained at elevated levels, the market value of securities previously purchased at lower than the current market rates, is down. This has resulted in the current market value of the portfolio being lower than the book value, at $371.3 million versus $381.4 million, respectively. As investments are primarily held to maturity, the market value is only a point-in-time measurement and no loss is realiz ed. The increasing interest rates will allow excess funds to be invested at higher rates resulting in increased interest income in the future. 2 PORTFOLIO BREAKOUT BY SECTOR
As of Marc
h 31, 2024
The largest holding by security type at month-end was U.S. Agency securities at approximately 46% of the total overall portfolio. This wa s followed by U.S. Treasury securi ties at approximately 24% of the total portfolio as of March 31, 2024. Cash held in the Local Government Investment Pools (“LGIP”) has been reduc
ed as higher interest rates have become available in marketable securities.
INVESTMENT PORTFOLIO EARNINGS
As of Marc
h 31, 2024
3 Earnings fo
r the month of March 2024 were $844,666, an increase of approximately 47% from the same month in the prior year. Fiscal year to date earnings of $7,119,725 we re up approximately 84% from the previous fiscal year. These higher earnings were due to both the increase in interest rates and the higher average balance of the portfolio. The effective rate of return for March was 2.65%, with a fiscal year-to-date return of 2.61%. The benchmark has increased rapidly with the sharp rise in interest rates through 2022 into 2023. At the end of March, the 12-month moving aver age of the interpolated
1.5-year U.S. Treasury was 4.86%. The portfolio will lag behind the benchmark, as it will take time for previously purchased securities to mature and for funds to be reinvested.
QUARTERLY PORTFOLIO ACTIVITY
January 1 to March 31, 2024
As interest rates have remained elevated throughout t he first quarter, available funds were invest ed
into higher yielding options. For the quarter endi ng March 31, 2024, three U. S. Treasuries were purchased totaling $20.0 millio n, one Supranational was purchased totaling $5.0 million, and one Corporate Bond was purchased totaling $5.0 million. Two U.S. Agencies matured for $8.0 million. 4 CO
MPLIANCE SUMMARY
As of March 31, 2024
There were no compliance issues during this period.
ECONOMIC AND MARKET OVERVIEW
The Federal Open Market Committee (FOMC) met in March to discuss the current state of the economy
and to examine potential future interest rate adjustm ents. They concluded that economic activity has been expanding at a solid pace, job gains have re mained strong, and the unem ployment rate has remained low. In determining the ex tent of additional policy firming that may be appropri ate to return inflation to 2 percent over time, the Committee will consider the cumulative tightening of monetary policy, the lags with which monetary policy affect s economic activity and inflation, and economic and financial developments.
5 Fixed Income / Equity Markets: The yield on the 10-year U.S. Treasury finished the quarter at 4.20%, up from 3.88% at the end of De cember last year. The S&P 500 increased by 10.16% and the DJIA increased by 5.62% respectively, over the same period.
Employment: Total nonfarm payroll employment rose by 303,000 in March, and the unemployment rate was little changed at 3.8 percent. Notable job ga ins occurred in health care, government, and construction.
6 Portfolio Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: (FY2024)
03/01/2024 - 03/31/2024
Full Accrual Basis
Par Value Book Value Market Value Book Value
% of Port Book Yield Book Yield
Contribution
Days to
Maturity
Cash / Money Market
Local Govt Inv Pools (LGIP)
U.S. Treasuries
Supranational
U.S. Agencies
Corporates
Hold
Total
$630,181.12 $630,181.12 $630,181.12 0.17% 5.19% 0.01% 1 $18,239,724.65 $18,239,724.65 $18,239,724.65 4.78% 5.48% 0.26% 1 $93,000,000.00 $92,614,801.84 $90,143,810.00 24.28% 2.39% 0.58% 652 $40,000,000.00 $39,527,425.69 $38,517,300.00 10.36% 2.51% 0.26% 1,011 $174,980,000.00 $174,741,023.96 $168,833,576.35 45.81% 2.27% 1.04% 660 $56,571,000.00 $55,692,364.19 $54,967,152.18 14.60% 3.39% 0.50% 664 $383,420,905.77 $381,445,521.45 $371,331,744.30 100.00% 2.65% 662 Portfolio Investments
03/31/2024
Date
City Treasurer
TitleAlisa Backstrom
I certify that this report and the corresponding pages attached accurately reflect all portfolio combined investments and conforms with all California state statutes and the Huntington Beach investment policy filed on December 19, 2023. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market values are provided by US Bank via Interactive Data Corp (IDC) City Portfolio Certification
Fiscal YTD Transactions
Redemptions 1
Purchases 2
Total Activity 3
Period Transactions
Redemptions 12
Purchases 13
Total Activity 25
Net Period Earnings $7,119,725.23
Last FY Period Net Earnings $3,875,462.55
Avg Daily Book Balance $364,817,542.27
$1.00 $1.00
Net Effective Annual Return 2.606%
Net Period Earnings $844,665.99
Last FY Period Net Earnings $574,351.34
Avg Daily Book Balance $380,972,664.17
$1.00 $1.00
Net Effective Annual Return 2.649%
Fiscal YTD Summary (275 Days)Period Earnings Summary (31 Days) ______________________________________________ __________________ sum2
Total Market Value
$1.00
$371,331,744.30
sum2
Total Book Value
$2.00
$381,445,521.45
Market Value
Book Value
Par Value
sum2
Total Par Value
$1.00
$383,420,905.77
The City Portfolio uses a 12 month moving average of the 1.5Yr Treasury for comparison purposes. This period, that rate is equal to: 4.860% ____________________________________________
7 Accounting ID Ticker Pool Description Type Par Value Book Value Market Value Rate % of Portfolio 104 FUZXX First American Treasury Obligations Cash/Money Market 630,181.12 630,181.12 630,181.12 5.190 0.17% Cash/Money Market Total 630,181.12 630,181.12 630,181.12 0.17% 003 CAMP California Asset Management Program LGIP 18,239,724.65 18,239,724.65 18,239,724.65 5.480 4.78% LGIP Total 18,239,724.65 18,239,724.65 18,239,724.65 4.78% Portfolio: CITYCash By Structure Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
8 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4292
Maturity
3133ECHX5
FFCB 2.260 03/13/2024
100.00000
03/13/2024
03/13/2024
5,000,000.00
5,000,000.00
0.00 5,000,000.00
Activity Total 5,000,000.00 5,000,000.00 0.00 5,000,000.00 Portfolio: CITY Bond Redemption Activity Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
9 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4411
Buy
91282CHM6
T 4.500 07/15/2026
100.25900
03/12/2024
03/12/2024
5,000,000.00
5,012,950.00
35,233.52
5,048,183.52
4412
Buy
24422EXB0
DE 4.950 07/14/2028
101.10200
03/27/2024
03/27/2024
5,000,000.00
5,055,100.00
50,187.50
5,105,287.50
Activity Total 10,000,000.00 10,068,050.00 85,421.02 10,153,471.02 Portfolio: CITY Bond Purchase Activity Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
10 Accounting ID Transaction Type Cusip Description Date Posted Interest Received Purchased Interest Adjustment Net Interest
4333
Interest Income
3130ALEY6
FHLB 0.800 03/04/2026
03/04/2024
20,000.00
20,000.00
4372
Interest Income
931142EW9
WMT 3.900 09/09/2025
03/11/2024
97,500.00
97,500.00
4404
Interest Income
037833DN7
AAPL 2.050 09/11/2026
03/11/2024
51,250.00
24,201.39
27,048.61
4405
Interest Income
3130AWWN6
FHLB 4.500 09/10/2027
03/11/2024
113,602.50
60,699.38
52,903.12
4343
Interest Income
14913R2P1
CAT 0.600 09/13/2024
03/13/2024
15,000.00
15,000.00
4373
Interest Income
3133XVDG3
FHLB 4.375 09/13/2024
03/13/2024
109,375.00
109,375.00
4292
Interest Income
3133ECHX5
FFCB 2.260 03/13/2024
03/13/2024
56,500.00
56,500.00
4332
Interest Income
3130AMQ62
FHLB 0.625 03/14/2025
03/14/2024
15,625.00
15,625.00
4331
Interest Income
3130AMQ54
FHLB 0.700 09/16/2025
03/18/2024
17,500.00
17,500.00
Activity Total 496,352.50 84,900.77 411,451.73 Portfolio: CITY Bond Interest Received Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
11 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4364 9128286Z8 T 1.750 06/30/2024 U.S. Treasury Note 04/29/2022 05/02/2022 7,000,000.00 6,983,675.82 6,937,490.00 (46,185.82) 2.730 0.24 90 1.83% Aaa AA+ AA+ 4370
912828XX3
T
2.000
06/30/2024
U.S. Treasury Note
05/26/2022
05/27/2022
5,000,000.00
4,994,485.29
4,957,750.00
(36,735.29)
2.462
0.24 90
1.31%
Aaa
AA+
AA+
4353 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 01/13/2022 01/14/2022 5,000,000.00 5,011,787.41 4,941,200.00 (70,587.41) 1.028 0.33 121 1.31% Aaa AA+ AA+ 4358 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 02/10/2022 02/11/2022 4,000,000.00 4,002,003.68 3,952,960.00 (49,043.68) 1.595 0.33 121 1.05% Aaa AA+ AA+ 4361 912828D56 T 2.375 08/15/2024 U.S. Treasury Note 03/21/2022 03/22/2022 5,000,000.00 5,002,423.03 4,945,050.00 (57,373.03) 2.240 0.37 136 1.31% Aaa AA+ AA+ 4298 912828YH7 T 1.500 09/30/2024 U.S. Treasury Note 12/04/2019 12/05/2019 5,000,000.00 4,997,726.29 4,907,900.00 (89,826.29) 1.595 0.49 182 1.31% Aaa AA+ AA+ 4350 912828YM6 T 1.500 10/31/2024 U.S. Treasury Note 12/30/2021 12/31/2021 3,000,000.00 3,009,983.22 2,935,770.00 (74,213.22) 0.920 0.57 213 0.79% Aaa AA+ AA+ 4376 91282CEU1 T 2.875 06/15/2025 U.S. Treasury Note 11/17/2022 11/18/2022 3,000,000.00 2,952,494.04 2,927,340.00 (25,154.04) 4.276 1.16 440 0.77% Aaa AA+ AA+ 4330 91282CAB7 T 0.250 07/31/2025 U.S. Treasury Note 05/18/2021 05/19/2021 5,000,000.00 4,976,048.50 4,703,900.00 (272,148.50) 0.615 1.30 486 1.30% Aaa AA+ AA+ 4340 91282CAJ0 T 0.250 08/31/2025 U.S. Treasury Note 09/23/2021 09/27/2021 5,000,000.00 4,966,200.31 4,687,900.00 (278,300.31) 0.735 1.38 517 1.30% Aaa AA+ AA+ 4351 9128284Z0 T 2.750 08/31/2025 U.S. Treasury Note 12/30/2021 12/31/2021 5,000,000.00 5,113,824.94 4,856,850.00 (256,974.94) 1.103 1.36 517 1.34% Aaa AA+ AA+ 4411 91282CHM6 T 4.500 07/15/2026 U.S. Treasury Note 03/11/2024 03/12/2024 5,000,000.00 5,012,647.08 4,992,600.00 (20,047.08) 4.380 2.13 835 1.31% Aaa AA+ AA+ 4341 91282CCP4 T 0.625 07/31/2026 U.S. Treasury Note 09/30/2021 09/30/2021 5,000,000.00 4,963,062.07 4,569,550.00 (393,512.07) 0.950 2.26 851 1.30% Aaa AA+ AA+ 4339 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 09/23/2021 09/23/2021 1,000,000.00 996,698.00 914,100.00 (82,598.00) 0.890 2.34 882 0.26% Aaa AA+ AA+ 4342 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 11/22/2021 11/23/2021 5,000,000.00 4,937,501.79 4,570,500.00 (367,001.79) 1.285 2.34 882 1.29% Aaa AA+ AA+ 4379 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/28/2022 12/29/2022 5,000,000.00 4,889,536.95 4,828,500.00 (61,036.95) 4.000 3.00 1,185 1.28% Aaa AA+ AA+ 4406 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/21/2023 12/22/2023 5,000,000.00 4,893,294.71 4,828,500.00 (64,794.71) 3.960 3.00 1,185 1.28% Aaa AA+ AA+ 4409
91282CFB2
T
2.750
07/31/2027
U.S. Treasury Note
01/18/2024
01/19/2024
5,000,000.00
4,795,478.04
4,748,450.00
(47,028.04)
4.080
3.11 1,216
1.26%
Aaa
AA+
AA+
4408
91282CHQ7
T
4.125
07/31/2028
U.S. Treasury Note
01/12/2024
01/16/2024
10,000,000.00
10,115,930.64
9,937,500.00
(178,430.64)
3.831
3.89 1,582
2.65%
Aaa
AA+
AA+
U.S. Treasuries 93,000,000.00 92,614,801.84 90,143,810.00 (2,470,991.84) 24.28% 4323
459056HV2
IBRD
1.500
08/28/2024
Int'l Bank for Recon and Dev
04/21/2021
04/23/2021
5,000,000.00
5,021,763.32
4,923,550.00
(98,213.32)
0.425
0.40 149
1.32%
Aaa
AAA
AAA
4338
459058JE4
IBRD
0.376
07/28/2025
Int'l Bank for Recon and Dev
07/28/2021
07/30/2021
5,000,000.00
4,986,399.86
4,713,100.00
(273,299.86)
0.583
1.29 483
1.31%
Aaa
AAA
AAA
4319
459058JL8
IBRD
0.500
10/28/2025
Int'l Bank for Recon and Dev
01/08/2021
01/12/2021
5,000,000.00
4,999,096.61
4,676,650.00
(322,446.61)
0.512
1.53 575
1.31%
Aaa
AAA
AAA
4324
45906M2L4
IBRD
0.650
02/24/2026
Int'l Bank for Recon and Dev
04/28/2021
04/30/2021
5,000,000.00
4,979,596.66
4,616,150.00
(363,446.66)
0.870
1.84 694
1.31%
Aaa
AAA
AAA
4401
45818WEQ5
IADB
3.800
06/09/2028
Inter-American Development Bank
09/19/2023
09/21/2023
5,000,000.00
4,846,668.90
4,873,150.00
26,481.10
4.622
3.77 1,530
1.27%
Aaa
AAA
AAA
4402
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
11/09/2023
11/13/2023
5,000,000.00
4,760,452.05
4,831,800.00
71,347.95
4.760
3.88 1,563
1.25%
Aaa
AAA
AAA
4403
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
12/04/2023
12/06/2023
5,000,000.00
4,836,547.92
4,831,800.00
(4,747.92)
4.350
3.88 1,563
1.27%
Aaa
AAA
AAA
4410
459058KW2
IBRD
4.625
08/01/2028
Int'l Bank for Recon and Dev
01/23/2024
01/25/2024
5,000,000.00
5,096,900.37
5,051,100.00
(45,800.37)
4.130
3.85 1,583
1.34%
Aaa
AAA
AAA
Supranational 40,000,000.00 39,527,425.69 38,517,300.00 (1,010,125.69) 10.36% 4378
3130ATVC8
FHLB
4.875
06/14/2024
Federal Home Loan Bank
12/27/2022
12/28/2022
5,000,000.00
5,001,214.35
4,993,650.00
(7,564.35)
4.740
0.20 74
1.31%
Aaa
AA+
4348
3130AQD42
FHLB
0.920
06/28/2024
Federal Home Loan Bank
12/14/2021
12/28/2021
5,000,000.00
5,000,000.00
4,948,350.00
(51,650.00)
0.920
0.24 88
1.31%
Aaa
AA+
4380
3134GYCP5
FHLMC
5.000
07/23/2024
Freddie Mac
01/05/2023
01/23/2023
5,000,000.00
5,000,000.00
4,992,300.00
(7,700.00)
5.000
0.30 113
1.31%
Aaa
AA+
AA+
4344
3130AQ3C5
FHLB
1.000
08/28/2024
Federal Home Loan Bank
12/01/2021
12/02/2021
4,000,000.00
4,000,000.00
3,925,600.00
(74,400.00)
1.000
0.40 149
1.05%
Aaa
AA+
4373
3133XVDG3
FHLB
4.375
09/13/2024
Federal Home Loan Bank
09/22/2022
09/23/2022
5,000,000.00
5,002,863.52
4,978,500.00
(24,363.52)
4.240
0.44 165
1.31%
Aaa
AA+
4336
3130AMXJ6
FHLB
0.500
09/30/2024
Federal Home Loan Bank
06/17/2021
06/30/2021
5,000,000.00
5,000,000.00
4,885,900.00
(114,100.00)
0.500
0.49 182
1.31%
Aaa
AA+
4346
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/14/2021
12/30/2021
5,000,000.00
5,000,000.00
4,892,900.00
(107,100.00)
1.000
0.49 182
1.31%
Aaa
AA+
4349
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/22/2021
12/30/2021
5,000,000.00
5,000,000.00
4,892,900.00
(107,100.00)
1.000
0.49 182
1.31%
Aaa
AA+
4334
3130AMW65
FHLB
0.500
12/30/2024
Federal Home Loan Bank
06/15/2021
06/30/2021
5,000,000.00
5,000,000.00
4,826,950.00
(173,050.00)
0.500
0.73 273
1.31%
Aaa
AA+
4332
3130AMQ62
FHLB
0.625
03/14/2025
Federal Home Loan Bank
05/26/2021
06/14/2021
5,000,000.00
5,000,000.00
4,790,600.00
(209,400.00)
0.625
0.93 347
1.31%
Aaa
AA+
4397
3130AWER7
FHLB
4.625
06/06/2025
Federal Home Loan Bank
06/14/2023
06/15/2023
3,000,000.00
2,998,870.25
2,988,660.00
(10,210.25)
4.659
1.12 431
0.79%
Aaa
AA+
4329
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
05/13/2021
05/14/2021
5,000,000.00
4,992,348.54
4,741,750.00
(250,598.54)
0.628
1.18 442
1.31%
Aaa
AA+
AA+
4381
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
01/12/2023
01/13/2023
5,000,000.00
4,799,210.53
4,741,750.00
(57,460.53)
4.013
1.18 442
1.26%
Aaa
AA+
AA+
4345
3130AQ5S8
FHLB
1.250
06/30/2025
Federal Home Loan Bank
12/08/2021
12/30/2021
4,650,000.00
4,650,000.00
4,454,188.50
(195,811.50)
1.250
1.21 455
1.22%
Aaa
AA+
4327 3130AMDL3 FHLB 0.800 07/25/2025 Federal Home Loan Bank 05/11/2021 05/25/2021 5,000,000.00 5,000,000.00 4,741,200.00 (258,800.00) 0.800 1.28 480 1.31% Aaa AA+ 4360 3130AQT94 FHLB 1.600 08/28/2025 Federal Home Loan Bank 03/03/2022 03/04/2022 4,575,000.00 4,561,589.67 4,371,778.50 (189,811.17) 1.816 1.36 514 1.20% Aaa AA+ 4331 3130AMQ54 FHLB 0.700 09/16/2025 Federal Home Loan Bank 05/26/2021 06/16/2021 5,000,000.00 5,000,000.00 4,705,400.00 (294,600.00) 0.700 1.42 533 1.31% Aaa AA+ 4318 3135GA2Z3 FNMA 0.560 11/17/2025 Fannie Mae 01/08/2021 01/11/2021 3,000,000.00 3,001,107.56 2,795,340.00 (205,767.56) 0.500 1.58 595 0.79% Aaa AA+ AA+ 4320 3130AKN36 FHLB 0.525 01/15/2026 Federal Home Loan Bank 01/14/2021 01/15/2021 5,000,000.00 4,998,211.11 4,631,150.00 (367,061.11) 0.545 1.74 654 1.31% Aaa AA+ 4321 3130AKN85 FHLB 0.550 01/20/2026 Federal Home Loan Bank 01/14/2021 01/20/2021 5,000,000.00 4,999,098.61 4,630,900.00 (368,198.61) 0.560 1.75 659 1.31% Aaa AA+ 4322 3130AKUS3 FHLB 0.500 01/28/2026 Federal Home Loan Bank 01/26/2021 01/28/2021 5,000,000.00 5,000,000.00 4,622,550.00 (377,450.00) 0.500 1.77 667 1.31% Aaa AA+ 4333 3130ALEY6 FHLB 0.800 03/04/2026 Federal Home Loan Bank 06/09/2021 06/10/2021 5,000,000.00 5,000,000.00 4,632,150.00 (367,850.00) 0.800 1.86 702 1.31% Aaa AA+ 4328 3130AMJN3 FHLB 1.030 05/26/2026 Federal Home Loan Bank 05/12/2021 05/26/2021 5,000,000.00 5,000,000.00 4,625,200.00 (374,800.00) 1.030 2.07 785 1.31% Aaa AA+ 4335 3130AMFS6 FHLB 0.750 06/12/2026 Federal Home Loan Bank 06/16/2021 06/17/2021 5,000,000.00 4,986,779.94 4,597,100.00 (389,679.94) 0.873 2.12 802 1.31% Aaa AA+ Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
12 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4388 3130AVWS7 FHLB 3.750 06/12/2026 Federal Home Loan Bank 05/08/2023 05/09/2023 3,000,000.00 2,997,036.42 2,947,170.00 (49,866.42) 3.796 2.06 802 0.79% Aaa AA+ 4398 3133EPNG6 FFCB 4.375 06/23/2026 Federal Farm Credit Bank 06/22/2023 06/23/2023 3,000,000.00 2,998,997.50 2,983,440.00 (15,557.50) 4.391 2.07 813 0.79% Aaa AA+ AA+ 4347 3130AQ7E7 FHLB 1.500 06/30/2026 Federal Home Loan Bank 12/14/2021 12/30/2021 5,000,000.00 5,000,998.77 4,659,250.00 (341,748.77) 1.339 2.15 820 1.31% Aaa AA+ 4384 3130AUMC5 FHLB 3.750 07/20/2026 Federal Home Loan Bank 01/17/2023 01/19/2023 5,000,000.00 5,000,000.00 4,904,650.00 (95,350.00) 3.750 2.16 840 1.31% Aaa AA+ 4356 3130AQS79 FHLB 1.375 08/07/2026 Federal Home Loan Bank 01/27/2022 02/07/2022 5,000,000.00 5,000,000.00 4,702,750.00 (297,250.00) 1.375 2.24 858 1.31% Aaa AA+ 4386 3133EPGT6 FFCB 3.875 04/26/2027 Federal Farm Credit Bank 04/21/2023 04/26/2023 5,000,000.00 4,995,587.67 4,915,300.00 (80,287.67) 3.906 2.80 1,120 1.31% Aaa AA+ AA+ 4389 3133EPJP1 FFCB 3.625 05/12/2027 Federal Farm Credit Bank 05/08/2023 05/12/2023 5,000,000.00 4,989,218.16 4,878,300.00 (110,918.16) 3.700 2.86 1,136 1.31% Aaa AA+ AA+ 4392 3130AW4N7 FHLB 3.630 06/04/2027 Federal Home Loan Bank 05/16/2023 05/18/2023 5,000,000.00 5,000,000.00 4,878,400.00 (121,600.00) 3.630 2.92 1,159 1.31% Aaa AA+ 4396 3133EPMV4 FFCB 4.125 06/15/2027 Federal Farm Credit Bank 06/09/2023 06/15/2023 5,000,000.00 4,999,238.68 4,949,050.00 (50,188.68) 4.130 2.92 1,170 1.31% Aaa AA+ AA+ 4385 3134GYPF3 FHLMC 4.750 07/12/2027 Freddie Mac 04/21/2023 04/24/2023 3,300,000.00 3,296,148.91 3,274,788.00 (21,360.91) 4.791 1.46 1,197 0.86% Aaa AA+ AA+ 4405 3130AWWN6 FHLB 4.500 09/10/2027 Federal Home Loan Bank 12/04/2023 12/05/2023 4,455,000.00 4,470,968.56 4,468,231.35 (2,737.21) 4.383 3.14 1,257 1.17% Aaa AA+ 4395 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/09/2023 06/13/2023 5,000,000.00 5,003,862.36 4,938,700.00 (65,162.36) 3.979 3.76 1,530 1.31% Aaa AA+ 4399 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/26/2023 06/27/2023 5,000,000.00 4,997,672.84 4,938,700.00 (58,972.84) 4.012 3.76 1,530 1.31% Aaa AA+ 4400 31422X5U2 FAMCA 5.100 08/07/2028 Farmer Mac 08/02/2023 08/07/2023 2,000,000.00 2,000,000.00 1,988,080.00 (11,920.00) 5.100 2.16 1,589 0.52% U.S. Agencies 174,980,000.00 174,741,023.96 168,833,576.35 (5,907,447.61) 45.81% 4355 67066GAL8 NVDA 0.584 06/14/2024 Nvidia 01/20/2022 01/24/2022 5,000,000.00 4,993,366.34 4,950,350.00 (43,016.34) 1.250 0.20 74 1.31% A1 A+ 4325 91159HHX1 USB 2.400 07/30/2024 US Bank 04/28/2021 04/30/2021 3,809,000.00 3,831,702.29 3,768,738.87 (62,963.42) 0.528 0.32 120 1.00% A3 A A 4343 14913R2P1 CAT 0.600 09/13/2024 Caterpillar 11/30/2021 12/02/2021 5,000,000.00 4,991,576.32 4,891,100.00 (100,476.32) 0.980 0.44 165 1.31% A2 A A+ 4371 459200KS9 IBM 4.000 07/27/2025 IBM 08/09/2022 08/11/2022 6,000,000.00 6,014,065.67 5,905,860.00 (108,205.67) 3.810 1.26 482 1.58% A3 A- 4372 931142EW9 WMT 3.900 09/09/2025 Walmart 09/20/2022 09/22/2022 5,000,000.00 4,983,202.62 4,928,200.00 (55,002.62) 4.150 1.38 526 1.31% Aa2 AA AA 4382 717081DV2 PFE 2.750 06/03/2026 Pfizer Inc 01/13/2023 01/18/2023 5,000,000.00 4,860,205.43 4,794,900.00 (65,305.43) 4.142 2.05 793 1.27% A2 A A 4375 110122CN6 BMY 3.200 06/15/2026 Bristol-Myers Squibb 11/14/2022 11/16/2022 5,000,000.00 4,870,828.70 4,820,200.00 (50,628.70) 4.480 2.05 805 1.28% A2 A 4390 931142EM1 WMT 3.050 07/08/2026 Walmart 05/11/2023 05/15/2023 4,257,000.00 4,193,518.62 4,104,939.96 (88,578.66) 3.752 2.12 828 1.10% Aa2 AA AA 4391 904764AU1 UNANA 2.000 07/28/2026 Unilever 05/11/2023 05/15/2023 2,505,000.00 2,409,676.30 2,348,863.35 (60,812.95) 3.752 2.21 848 0.63% A1 A+ A 4404 037833DN7 AAPL 2.050 09/11/2026 Apple 12/04/2023 12/06/2023 5,000,000.00 4,712,120.60 4,693,350.00 (18,770.60) 4.583 2.33 893 1.24% Aaa AA+ 4407 713448DN5 PEP 2.375 10/06/2026 Pepsi 12/21/2023 12/26/2023 5,000,000.00 4,777,143.75 4,722,950.00 (54,193.75) 4.273 2.35 918 1.25% A1 A+ WD 4412 24422EXB0 DE 4.950 07/14/2028 John Deere 03/25/2024 03/27/2024 5,000,000.00 5,054,957.53 5,037,700.00 (17,257.53) 4.662 3.77 1,565 1.33% A1 A A+ Corporates 56,571,000.00 55,692,364.19 54,967,152.18 (725,212.01) 14.60% Bond Holdings 364,551,000.00 362,575,615.68 352,461,838.53 (10,113,777.15) 95.05% Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
03/31/2024
Report Run Date: Apr 22, 2024
13 Statement of Cash Receipts and Disbursements and
Cash Receipts and Disbursements February 2024 March 2024 Receipts
General Fund
Property Tax 144,722$ 4,914,439$
Local Sales Tax 4,795,396 3,861,827
Public Safety Sales Tax 236,799 325,633
Transient Occupancy Tax (TOT) 1,001,534 938,525
Utility Users Tax (UUT) 1,815,586 1,840,310
Other Revenue 5,573,286 8,370,025
Total General Fund Revenue 13,567,325 20,250,760
Total All Other Funds Revenue 12,853,834 16,780,087
Total Receipts 26,421,158$ 37,030,847$
Disbursements
General Fund
Personnel Services (12,873,440) (10,187,565)
Operating Expenses (5,828,662) (4,203,739)
Capital Expenditures ‐ ‐
Non‐Operating Expenses (5,688) (1,236,763)
Total General Fund Disbursements (18,707,790) (15,628,067) Total All Other Funds Disbursements (12,548,735) (13,748,398) Total Disbursements (31,256,525) (29,376,465)
Net Change in Cash Flow (4,835,366)$ 7,654,382$ Summary of Cash by Fund February 2024 March 2024
General Fund 120,747,859$ 125,370,553$
General Fund Other 5,052,899 5,029,806
Capital Projects Funds 45,480,202 45,761,824
Debt Service Funds 27,610,578 28,103,975
Enterprise Funds 79,482,173 80,643,342
Trust and Agency Funds 11,834,054 11,367,785
Internal Service Funds 45,743,301 46,387,107
Special Revenue Funds 43,401,730 44,342,787
General Ledger Cash Balances * 379,352,797$ 387,007,179$ Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences.
Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter.
Summary of Cash by Fund
City Treasurer's Office
March 2024
14 Par Value Book Value Market Value Book Value
% of Port Book Yield Book Yield
Contribution
Days to
Maturity
Cash / Money Market
Local Govt Inv Pools (LGIP)
U.S. Treasuries
Supranational
U.S. Agencies
Corporates
Hold
Total
$3,280,148.30 $3,280,148.30 $3,280,148.30 0.87% 5.19% 0.04% 1 $18,149,004.38 $18,149,004.38 $18,149,004.38 4.79% 5.50% 0.26% 1 $88,000,000.00 $87,587,425.64 $84,980,940.00 23.12% 2.27% 0.53% 673 $40,000,000.00 $39,521,035.40 $38,393,650.00 10.43% 2.51% 0.26% 1,042 $179,980,000.00 $179,726,083.91 $173,556,875.10 47.44% 2.27% 1.08% 672 $51,571,000.00 $50,605,564.79 $49,822,206.92 13.36% 3.27% 0.44% 605 $380,980,152.68 $378,869,262.42 $368,182,824.70 100.00% 2.61% 664 Portfolio Investments
02/29/2024
Date
City Treasurer
TitleAlisa Backstrom
I certify that this report and the corresponding pages attached accurately reflect all portfolio combined investments and conforms with all California state statutes and the Huntington Beach investment policy filed on December 19, 2023. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market values are provided by US Bank via Interactive Data Corp (IDC) City Portfolio Certification
Fiscal YTD Transactions
Redemptions 1
Purchases 0
Total Activity 1
Period Transactions
Redemptions 11
Purchases 11
Total Activity 22
Net Period Earnings $6,275,059.24
Last FY Period Net Earnings $3,301,111.83
Avg Daily Book Balance $362,798,152.04
$1.00 $1.00
Net Effective Annual Return 2.606%
Net Period Earnings $822,954.01
Last FY Period Net Earnings $535,524.25
Avg Daily Book Balance $380,901,773.70
$1.00 $1.00
Net Effective Annual Return 2.761%
Fiscal YTD Summary (244 Days)Period Earnings Summary (29 Days) ______________________________________________ ____________________________ sum2
Total Market Value
$1.00
$368,182,824.70
sum2
Total Book Value
$2.00
$378,869,262.42
Market Value
Book Value
Par Value
Portfolio Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: (FY2024)
02/01/2024 - 02/29/2024
Full Accrual Basis
sum2
Total Par Value
$1.00
$380,980,152.68
The City Portfolio uses a 12 month moving average of the 1.5Yr Treasury for comparison purposes. This period, that rate is equal to: 4.870% ____________________________________________
15 Accounting ID Ticker Pool Description Type Par Value Book Value Market Value Rate % of Portfolio 104 FUZXX First American Treasury Obligations Cash/Money Market 3,280,148.30 3,280,148.30 3,280,148.30 5.190 0.87% Cash/Money Market Total 3,280,148.30 3,280,148.30 3,280,148.30 0.87% 003 CAMP California Asset Management Program LGIP 18,149,004.38 18,149,004.38 18,149,004.38 5.500 4.79% LGIP Total 18,149,004.38 18,149,004.38 18,149,004.38 4.79% Portfolio: CITYCash By Structure Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 24, 2024
16 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4387
Maturity
3130AUXN9
FHLB 5.000 02/15/2024
100.00000
02/15/2024
02/15/2024
3,000,000.00
3,000,000.00
0.00 3,000,000.00
Activity Total 3,000,000.00 3,000,000.00 0.00 3,000,000.00 Portfolio: CITY Bond Redemption Activity Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 24, 2024
17 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total Activity Total 0.00 0.00 0.00 0.00 Portfolio: CITY Bond Purchase Activity Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 24, 2024
18 Accounting ID Transaction Type Cusip Description Date Posted Interest Received Purchased Interest Adjustment Net Interest
4410
Interest Income
459058KW2
IBRD 4.625 08/01/2028
02/01/2024
80,300.00
76,440.97
3,859.03
4356
Interest Income
3130AQS79
FHLB 1.375 08/07/2026
02/07/2024
34,375.00
34,375.00
4400
Interest Income
31422X5U2
FAMCA 5.100 08/07/2028
02/07/2024
51,000.00
51,000.00
4361
Interest Income
912828D56
T 2.375 08/15/2024
02/15/2024
59,375.00
59,375.00
4387
Interest Income
3130AUXN9
FHLB 5.000 02/15/2024
02/15/2024
75,000.00
75,000.00
4324
Interest Income
45906M2L4
IBRD 0.650 02/24/2026
02/26/2024
16,250.00
16,250.00
4344
Interest Income
3130AQ3C5
FHLB 1.000 08/28/2024
02/28/2024
20,000.00
20,000.00
4360
Interest Income
3130AQT94
FHLB 1.600 08/28/2025
02/28/2024
36,600.00
36,600.00
4323
Interest Income
459056HV2
IBRD 1.500 08/28/2024
02/28/2024
37,500.00
37,500.00
4339
Interest Income
91282CCW9
T 0.750 08/31/2026
02/29/2024
3,750.00
3,750.00
4340
Interest Income
91282CAJ0
T 0.250 08/31/2025
02/29/2024
6,250.00
6,250.00
4342
Interest Income
91282CCW9
T 0.750 08/31/2026
02/29/2024
18,750.00
18,750.00
4351
Interest Income
9128284Z0
T 2.750 08/31/2025
02/29/2024
68,750.00
68,750.00
Activity Total 507,900.00 76,440.97 431,459.03 Portfolio: CITY Bond Interest Received Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 24, 2024
19 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4364 9128286Z8 T 1.750 06/30/2024 U.S. Treasury Note 04/29/2022 05/02/2022 7,000,000.00 6,978,053.05 6,917,120.00 (60,933.05) 2.730 0.33 121 1.84% Aaa AA+ AA+ 4370
912828XX3
T
2.000
06/30/2024
U.S. Treasury Note
05/26/2022
05/27/2022
5,000,000.00
4,992,585.78
4,944,750.00
(47,835.78)
2.462
0.33 121
1.32%
Aaa
AA+
AA+
4353 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 01/13/2022 01/14/2022 5,000,000.00 5,014,807.32 4,927,150.00 (87,657.32) 1.028 0.41 152 1.32% Aaa AA+ AA+ 4358 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 02/10/2022 02/11/2022 4,000,000.00 4,002,517.03 3,941,720.00 (60,797.03) 1.595 0.41 152 1.06% Aaa AA+ AA+ 4361 912828D56 T 2.375 08/15/2024 U.S. Treasury Note 03/21/2022 03/22/2022 5,000,000.00 5,002,975.34 4,934,200.00 (68,775.34) 2.240 0.45 167 1.32% Aaa AA+ AA+ 4298 912828YH7 T 1.500 09/30/2024 U.S. Treasury Note 12/04/2019 12/05/2019 5,000,000.00 4,997,339.01 4,893,550.00 (103,789.01) 1.595 0.57 213 1.32% Aaa AA+ AA+ 4350 912828YM6 T 1.500 10/31/2024 U.S. Treasury Note 12/30/2021 12/31/2021 3,000,000.00 3,011,436.17 2,927,700.00 (83,736.17) 0.920 0.65 244 0.79% Aaa AA+ AA+ 4376 91282CEU1 T 2.875 06/15/2025 U.S. Treasury Note 11/17/2022 11/18/2022 3,000,000.00 2,949,147.03 2,924,310.00 (24,837.03) 4.276 1.24 471 0.78% Aaa AA+ AA+ 4330 91282CAB7 T 0.250 07/31/2025 U.S. Treasury Note 05/18/2021 05/19/2021 5,000,000.00 4,974,520.73 4,688,650.00 (285,870.73) 0.615 1.38 517 1.31% Aaa AA+ AA+ 4340 91282CAJ0 T 0.250 08/31/2025 U.S. Treasury Note 09/23/2021 09/27/2021 5,000,000.00 4,964,173.64 4,673,650.00 (290,523.64) 0.735 1.46 548 1.31% Aaa AA+ AA+ 4351 9128284Z0 T 2.750 08/31/2025 U.S. Treasury Note 12/30/2021 12/31/2021 5,000,000.00 5,120,650.04 4,851,350.00 (269,300.04) 1.103 1.45 548 1.35% Aaa AA+ AA+ 4341 91282CCP4 T 0.625 07/31/2026 U.S. Treasury Note 09/30/2021 09/30/2021 5,000,000.00 4,961,716.50 4,558,600.00 (403,116.50) 0.950 2.34 882 1.31% Aaa AA+ AA+ 4339 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 09/23/2021 09/23/2021 1,000,000.00 996,581.95 912,190.00 (84,391.95) 0.890 2.42 913 0.26% Aaa AA+ AA+ 4342 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 11/22/2021 11/23/2021 5,000,000.00 4,935,305.14 4,560,950.00 (374,355.14) 1.285 2.42 913 1.30% Aaa AA+ AA+ 4379 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/28/2022 12/29/2022 5,000,000.00 4,886,647.20 4,826,000.00 (60,647.20) 4.000 3.09 1,216 1.29% Aaa AA+ AA+ 4406 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/21/2023 12/22/2023 5,000,000.00 4,890,503.27 4,826,000.00 (64,503.27) 3.960 3.09 1,216 1.29% Aaa AA+ AA+ 4409 91282CFB2 T 2.750 07/31/2027 U.S. Treasury Note 01/18/2024 01/19/2024 5,000,000.00 4,790,264.08 4,742,950.00 (47,314.08) 4.080 3.19 1,247 1.26% Aaa AA+ AA+ 4408
91282CHQ7
T
4.125
07/31/2028
U.S. Treasury Note
01/12/2024
01/16/2024
10,000,000.00
10,118,202.35
9,930,100.00
(188,102.35)
3.831
3.97 1,613
2.67%
Aaa
AA+
AA+
U.S. Treasuries 88,000,000.00 87,587,425.64 84,980,940.00 (2,606,485.64) 23.12% 4323
459056HV2
IBRD
1.500
08/28/2024
Int'l Bank for Recon and Dev
04/21/2021
04/23/2021
5,000,000.00
5,026,204.81
4,907,150.00
(119,054.81)
0.425
0.48 180
1.33%
Aaa
AAA
AAA
4338
459058JE4
IBRD
0.376
07/28/2025
Int'l Bank for Recon and Dev
07/28/2021
07/30/2021
5,000,000.00
4,985,544.51
4,694,000.00
(291,544.51)
0.583
1.37 514
1.32%
Aaa
AAA
AAA
4319
459058JL8
IBRD
0.500
10/28/2025
Int'l Bank for Recon and Dev
01/08/2021
01/12/2021
5,000,000.00
4,999,048.81
4,659,050.00
(339,998.81)
0.512
1.61 606
1.32%
Aaa
AAA
AAA
4324
45906M2L4
IBRD
0.650
02/24/2026
Int'l Bank for Recon and Dev
04/28/2021
04/30/2021
5,000,000.00
4,978,700.46
4,580,650.00
(398,050.46)
0.870
1.92 725
1.31%
Aaa
AAA
AAA
4401
45818WEQ5
IADB
3.800
06/09/2028
Inter-American Development Bank
09/19/2023
09/21/2023
5,000,000.00
4,843,618.55
4,864,000.00
20,381.45
4.622
3.85 1,561
1.28%
Aaa
AAA
AAA
4402
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
11/09/2023
11/13/2023
5,000,000.00
4,755,788.56
4,821,450.00
65,661.44
4.760
3.96 1,594
1.26%
Aaa
AAA
AAA
4403
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
12/04/2023
12/06/2023
5,000,000.00
4,833,365.85
4,821,450.00
(11,915.85)
4.350
3.96 1,594
1.28%
Aaa
AAA
AAA
4410
459058KW2
IBRD
4.625
08/01/2028
Int'l Bank for Recon and Dev
01/23/2024
01/25/2024
5,000,000.00
5,098,763.84
5,045,900.00
(52,863.84)
4.130
3.94 1,614
1.35%
Aaa
AAA
AAA
Supranational 40,000,000.00 39,521,035.40 38,393,650.00 (1,127,385.40) 10.43% 4292
3133ECHX5
FFCB
2.260
03/13/2024
Federal Farm Credit Bank
05/22/2019
05/23/2019
5,000,000.00
5,000,037.46
4,994,750.00
(5,287.46)
2.236
0.03 12
1.32%
Aaa
AA+
AA+
4378
3130ATVC8
FHLB
4.875
06/14/2024
Federal Home Loan Bank
12/27/2022
12/28/2022
5,000,000.00
5,001,713.40
4,991,750.00
(9,963.40)
4.740
0.28 105
1.32%
Aaa
AA+
4348
3130AQD42
FHLB
0.920
06/28/2024
Federal Home Loan Bank
12/14/2021
12/28/2021
5,000,000.00
5,000,000.00
4,927,500.00
(72,500.00)
0.920
0.32 119
1.32%
Aaa
AA+
4380
3134GYCP5
FHLMC
5.000
07/23/2024
Freddie Mac
01/05/2023
01/23/2023
5,000,000.00
5,000,000.00
4,991,750.00
(8,250.00)
5.000
0.39 144
1.32%
Aaa
AA+
AA+
4344
3130AQ3C5
FHLB
1.000
08/28/2024
Federal Home Loan Bank
12/01/2021
12/02/2021
4,000,000.00
4,000,000.00
3,918,640.00
(81,360.00)
1.000
0.48 180
1.06%
Aaa
AA+
4373
3133XVDG3
FHLB
4.375
09/13/2024
Federal Home Loan Bank
09/22/2022
09/23/2022
5,000,000.00
5,003,393.80
4,975,450.00
(27,943.80)
4.240
0.51 196
1.32%
Aaa
AA+
4336
3130AMXJ6
FHLB
0.500
09/30/2024
Federal Home Loan Bank
06/17/2021
06/30/2021
5,000,000.00
5,000,000.00
4,865,150.00
(134,850.00)
0.500
0.57 213
1.32%
Aaa
AA+
4346
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/14/2021
12/30/2021
5,000,000.00
5,000,000.00
4,882,100.00
(117,900.00)
1.000
0.57 213
1.32%
Aaa
AA+
4349
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/22/2021
12/30/2021
5,000,000.00
5,000,000.00
4,882,100.00
(117,900.00)
1.000
0.57 213
1.32%
Aaa
AA+
4334
3130AMW65
FHLB
0.500
12/30/2024
Federal Home Loan Bank
06/15/2021
06/30/2021
5,000,000.00
5,000,000.00
4,807,600.00
(192,400.00)
0.500
0.81 304
1.32%
Aaa
AA+
4332
3130AMQ62
FHLB
0.625
03/14/2025
Federal Home Loan Bank
05/26/2021
06/14/2021
5,000,000.00
5,000,000.00
4,768,350.00
(231,650.00)
0.625
1.01 378
1.32%
Aaa
AA+
4397
3130AWER7
FHLB
4.625
06/06/2025
Federal Home Loan Bank
06/14/2023
06/15/2023
3,000,000.00
2,998,790.51
2,991,900.00
(6,890.51)
4.659
1.20 462
0.79%
Aaa
AA+
4329
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
05/13/2021
05/14/2021
5,000,000.00
4,991,822.06
4,731,700.00
(260,122.06)
0.628
1.26 473
1.32%
Aaa
AA+
AA+
4381
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
01/12/2023
01/13/2023
5,000,000.00
4,785,394.74
4,731,700.00
(53,694.74)
4.013
1.26 473
1.26%
Aaa
AA+
AA+
4345
3130AQ5S8
FHLB
1.250
06/30/2025
Federal Home Loan Bank
12/08/2021
12/30/2021
4,650,000.00
4,650,000.00
4,438,750.50
(211,249.50)
1.250
1.29 486
1.23%
Aaa
AA+
4327 3130AMDL3 FHLB 0.800 07/25/2025 Federal Home Loan Bank 05/11/2021 05/25/2021 5,000,000.00 5,000,000.00 4,730,350.00 (269,650.00) 0.800 1.36 511 1.32% Aaa AA+ 4360 3130AQT94 FHLB 1.600 08/28/2025 Federal Home Loan Bank 03/03/2022 03/04/2022 4,575,000.00 4,560,796.16 4,363,543.50 (197,252.66) 1.816 1.45 545 1.20% Aaa AA+ 4331 3130AMQ54 FHLB 0.700 09/16/2025 Federal Home Loan Bank 05/26/2021 06/16/2021 5,000,000.00 5,000,000.00 4,695,600.00 (304,400.00) 0.700 1.50 564 1.32% Aaa AA+ 4318 3135GA2Z3 FNMA 0.560 11/17/2025 Fannie Mae 01/08/2021 01/11/2021 3,000,000.00 3,001,164.26 2,789,700.00 (211,464.26) 0.500 1.66 626 0.79% Aaa AA+ AA+ 4320 3130AKN36 FHLB 0.525 01/15/2026 Federal Home Loan Bank 01/14/2021 01/15/2021 5,000,000.00 4,998,127.78 4,623,700.00 (374,427.78) 0.545 1.82 685 1.32% Aaa AA+ 4321 3130AKN85 FHLB 0.550 01/20/2026 Federal Home Loan Bank 01/14/2021 01/20/2021 5,000,000.00 4,999,056.94 4,623,300.00 (375,756.94) 0.560 1.84 690 1.32% Aaa AA+ 4322 3130AKUS3 FHLB 0.500 01/28/2026 Federal Home Loan Bank 01/26/2021 01/28/2021 5,000,000.00 5,000,000.00 4,615,000.00 (385,000.00) 0.500 1.86 698 1.32% Aaa AA+ 4333 3130ALEY6 FHLB 0.800 03/04/2026 Federal Home Loan Bank 06/09/2021 06/10/2021 5,000,000.00 5,000,000.00 4,626,250.00 (373,750.00) 0.800 1.94 733 1.32% Aaa AA+ 4328 3130AMJN3 FHLB 1.030 05/26/2026 Federal Home Loan Bank 05/12/2021 05/26/2021 5,000,000.00 5,000,000.00 4,609,600.00 (390,400.00) 1.030 2.15 816 1.32% Aaa AA+ 4335 3130AMFS6 FHLB 0.750 06/12/2026 Federal Home Loan Bank 06/16/2021 06/17/2021 5,000,000.00 4,986,278.55 4,588,600.00 (397,678.55) 0.873 2.21 833 1.32% Aaa AA+ Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 18, 2024
20 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4388 3130AVWS7 FHLB 3.750 06/12/2026 Federal Home Loan Bank 05/08/2023 05/09/2023 3,000,000.00 2,996,924.02 2,948,910.00 (48,014.02) 3.796 2.14 833 0.79% Aaa AA+ 4398 3133EPNG6 FFCB 4.375 06/23/2026 Federal Farm Credit Bank 06/22/2023 06/23/2023 3,000,000.00 2,998,960.00 2,990,190.00 (8,770.00) 4.391 2.15 844 0.79% Aaa AA+ AA+ 4347 3130AQ7E7 FHLB 1.500 06/30/2026 Federal Home Loan Bank 12/14/2021 12/30/2021 5,000,000.00 5,001,035.80 4,646,050.00 (354,985.80) 1.339 2.23 851 1.32% Aaa AA+ 4384 3130AUMC5 FHLB 3.750 07/20/2026 Federal Home Loan Bank 01/17/2023 01/19/2023 5,000,000.00 5,000,000.00 4,907,700.00 (92,300.00) 3.750 2.24 871 1.32% Aaa AA+ 4356 3130AQS79 FHLB 1.375 08/07/2026 Federal Home Loan Bank 01/27/2022 02/07/2022 5,000,000.00 5,000,000.00 4,698,100.00 (301,900.00) 1.375 2.33 889 1.32% Aaa AA+ 4386 3133EPGT6 FFCB 3.875 04/26/2027 Federal Farm Credit Bank 04/21/2023 04/26/2023 5,000,000.00 4,995,467.88 4,915,450.00 (80,017.88) 3.906 2.88 1,151 1.32% Aaa AA+ AA+ 4389 3133EPJP1 FFCB 3.625 05/12/2027 Federal Farm Credit Bank 05/08/2023 05/12/2023 5,000,000.00 4,988,929.62 4,877,850.00 (111,079.62) 3.700 2.94 1,167 1.32% Aaa AA+ AA+ 4392 3130AW4N7 FHLB 3.630 06/04/2027 Federal Home Loan Bank 05/16/2023 05/18/2023 5,000,000.00 5,000,000.00 4,871,150.00 (128,850.00) 3.630 3.00 1,190 1.32% Aaa AA+ 4396 3133EPMV4 FFCB 4.125 06/15/2027 Federal Farm Credit Bank 06/09/2023 06/15/2023 5,000,000.00 4,999,218.89 4,951,300.00 (47,918.89) 4.130 3.01 1,201 1.32% Aaa AA+ AA+ 4385 3134GYPF3 FHLMC 4.750 07/12/2027 Freddie Mac 04/21/2023 04/24/2023 3,300,000.00 3,296,051.09 3,257,397.00 (38,654.09) 4.791 1.80 1,228 0.87% Aaa AA+ AA+ 4405 3130AWWN6 FHLB 4.500 09/10/2027 Federal Home Loan Bank 12/04/2023 12/05/2023 4,455,000.00 4,471,355.21 4,459,544.10 (11,811.11) 4.383 3.14 1,288 1.18% Aaa AA+ 4395 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/09/2023 06/13/2023 5,000,000.00 5,003,939.20 4,940,300.00 (63,639.20) 3.979 3.84 1,561 1.32% Aaa AA+ 4399 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/26/2023 06/27/2023 5,000,000.00 4,997,626.54 4,940,300.00 (57,326.54) 4.012 3.84 1,561 1.32% Aaa AA+ 4400 31422X5U2 FAMCA 5.100 08/07/2028 Farmer Mac 08/02/2023 08/07/2023 2,000,000.00 2,000,000.00 1,987,800.00 (12,200.00) 5.100 2.26 1,620 0.53% U.S. Agencies 179,980,000.00 179,726,083.91 173,556,875.10 (6,169,208.81) 47.44% 4355 67066GAL8 NVDA 0.584 06/14/2024 Nvidia 01/20/2022 01/24/2022 5,000,000.00 4,990,640.17 4,933,000.00 (57,640.17) 1.250 0.28 105 1.32% A1 A+ 4325 91159HHX1 USB 2.400 07/30/2024 US Bank 04/28/2021 04/30/2021 3,809,000.00 3,837,425.56 3,758,530.75 (78,894.81) 0.528 0.40 151 1.01% A3 A A 4343 14913R2P1 CAT 0.600 09/13/2024 Caterpillar 11/30/2021 12/02/2021 5,000,000.00 4,990,016.38 4,874,800.00 (115,216.38) 0.980 0.52 196 1.32% A2 A A+ 4371 459200KS9 IBM 4.000 07/27/2025 IBM 08/09/2022 08/11/2022 6,000,000.00 6,014,952.16 5,906,280.00 (108,672.16) 3.810 1.34 513 1.59% A3 A- 4372 931142EW9 WMT 3.900 09/09/2025 Walmart 09/20/2022 09/22/2022 5,000,000.00 4,982,229.80 4,923,450.00 (58,779.80) 4.150 1.43 557 1.32% Aa2 AA AA 4382 717081DV2 PFE 2.750 06/03/2026 Pfizer Inc 01/13/2023 01/18/2023 5,000,000.00 4,854,842.47 4,785,600.00 (69,242.47) 4.142 2.13 824 1.28% A2 A A 4375 110122CN6 BMY 3.200 06/15/2026 Bristol-Myers Squibb 11/14/2022 11/16/2022 5,000,000.00 4,865,948.18 4,811,550.00 (54,398.18) 4.480 2.13 836 1.28% A2 A 4390 931142EM1 WMT 3.050 07/08/2026 Walmart 05/11/2023 05/15/2023 4,257,000.00 4,191,187.61 4,095,489.42 (95,698.19) 3.752 2.20 859 1.11% Aa2 AA AA 4391 904764AU1 UNANA 2.000 07/28/2026 Unilever 05/11/2023 05/15/2023 2,505,000.00 2,406,259.68 2,345,556.75 (60,702.93) 3.752 2.30 879 0.64% A1 A+ A 4404 037833DN7 AAPL 2.050 09/11/2026 Apple 12/04/2023 12/06/2023 5,000,000.00 4,702,306.53 4,676,900.00 (25,406.53) 4.583 2.39 924 1.24% Aaa AA+ 4407 713448DN5 PEP 2.375 10/06/2026 Pepsi 12/21/2023 12/26/2023 5,000,000.00 4,769,756.25 4,711,050.00 (58,706.25) 4.273 2.43 949 1.26% A1 A+ WD Corporates 51,571,000.00 50,605,564.79 49,822,206.92 (783,357.87) 13.36% Bond Holdings 359,551,000.00 357,440,109.74 346,753,672.02 (10,686,437.72) 94.34% Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
02/29/2024
Report Run Date: Apr 18, 2024
21 Statement of Cash Receipts and Disbursements and
Cash Receipts and Disbursements January 2024 February 2024 Receipts
General Fund
Property Tax 19,158,531$ 144,722$
Local Sales Tax 3,385,565 4,795,396
Public Safety Sales Tax 241,753 236,799
Transient Occupancy Tax (TOT) 1,031,836 1,001,534
Utility Users Tax (UUT) 1,854,414 1,815,586
Other Revenue 5,055,037 5,573,286
Total General Fund Revenue 30,727,136 13,567,325
Total All Other Funds Revenue 20,986,315 12,853,834
Total Receipts 51,713,451$ 26,421,158$
Disbursements
General Fund
Personnel Services (12,176,399) (12,873,440)
Operating Expenses (4,845,543) (5,828,662)
Capital Expenditures - -
Non-Operating Expenses (201,186) (5,688)
Total General Fund Disbursements (17,223,128) (18,707,790) Total All Other Funds Disbursements (23,888,352) (12,548,735) Total Disbursements (41,111,480) (31,256,525)
Net Change in Cash Flow 10,601,970$ (4,835,366)$
Summary of Cash by Fund January 2024 February 2024
General Fund 97,196,382$ 92,055,917$
General Fund Other 5,232,060 5,084,219
Capital Projects Funds 66,460,343 65,411,498
Debt Service Funds 30,809,276 30,652,777
Enterprise Funds 77,781,286 79,723,530
Trust and Agency Funds 5,800,313 5,008,251
Internal Service Funds 52,799,033 52,912,108
Special Revenue Funds 48,699,206 49,094,233
General Ledger Cash Balances * 384,777,899$ 379,942,533$ Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences.
Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter.
Summary of Cash by Fund
City Treasurer's Office
February 2024
22 Par Value Book Value Market Value Book Value
% of Port Book Yield Book Yield
Contribution
Days to
Maturity
Cash / Money Market
Local Govt Inv Pools (LGIP)
U.S. Treasuries
Supranational
U.S. Agencies
Corporates
Hold
Total
$748,112.80 $748,112.80 $748,112.80 0.19% 5.20% 0.01% 1 $23,007,110.10 $23,007,110.10 $23,007,110.10 5.99% 5.54% 0.33% 1 $88,000,000.00 $87,573,646.79 $85,417,930.00 22.80% 2.27% 0.52% 702 $40,000,000.00 $39,514,645.10 $38,769,850.00 10.29% 2.51% 0.26% 1,071 $182,980,000.00 $182,711,276.80 $177,434,696.50 47.57% 2.31% 1.10% 690 $51,571,000.00 $50,573,722.93 $50,044,525.18 13.17% 3.27% 0.43% 633 $386,306,222.90 $384,128,514.52 $375,422,224.58 100.00% 2.65% 682 Portfolio Investments
01/31/2024
Date
City Treasurer
TitleAlisa Backstrom
I certify that this report and the corresponding pages attached accurately reflect all portfolio combined investments and conforms with all California state statutes and the Huntington Beach investment policy filed on December 19, 2023. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market values are provided by US Bank via Interactive Data Corp (IDC) City Portfolio Certification
Fiscal YTD Transactions
Redemptions 0
Purchases 3
Total Activity 3
Period Transactions
Redemptions 10
Purchases 11
Total Activity 21
Net Period Earnings $5,452,105.23
Last FY Period Net Earnings $2,765,587.58
Avg Daily Book Balance $360,211,920.37
$1.00 $1.00
Net Effective Annual Return 2.590%
Net Period Earnings $870,536.19
Last FY Period Net Earnings $532,677.73
Avg Daily Book Balance $384,437,553.74
$1.00 $1.00
Net Effective Annual Return 2.706%
Fiscal YTD Summary (215 Days)Period Earnings Summary (31 Days) ______________________________________________ ____________________________ sum2
Total Market Value
$1.00
$375,422,224.58
sum2
Total Book Value
$2.00
$384,128,514.52
Market Value
Book Value
Par Value
Portfolio Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: (FY2024)
01/01/2024 - 01/31/2024
Full Accrual Basis
sum2
Total Par Value
$1.00
$386,306,222.90
The City Portfolio uses a 12 month moving average of the 1.5Yr Treasury for comparison purposes. This period, that rate is equal to: 4.850% ____________________________________________
23 Accounting ID Ticker Pool Description Type Par Value Book Value Market Value Rate % of Portfolio 104 FUZXX First American Treasury Obligations Cash/Money Market 748,112.80 748,112.80 748,112.80 5.200 0.19% Cash/Money Market Total 748,112.80 748,112.80 748,112.80 0.19% 003 CAMP California Asset Management Program LGIP 23,007,110.10 23,007,110.10 23,007,110.10 5.540 5.99% LGIP Total 23,007,110.10 23,007,110.10 23,007,110.10 5.99% Portfolio: CITYCash By Structure Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 24, 2024
24 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total Activity Total 0.00 0.00 0.00 0.00 Portfolio: CITY Bond Redemption Activity Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 24, 2024
25 Accounting ID Transaction Type Cusip Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4408
Buy
91282CHQ7
T 4.125 07/31/2028
101.21500
01/16/2024
01/16/2024
10,000,000.00
10,121,500.00
189,436.14
10,310,936.14
4409
Buy
91282CFB2
T 2.750 07/31/2027
95.66400
01/19/2024
01/19/2024
5,000,000.00
4,783,200.00
64,266.30
4,847,466.30
4410
Buy
459058KW2
IBRD 4.625 08/01/2028
102.02000
01/25/2024
01/25/2024
5,000,000.00
5,101,000.00
76,440.97
5,177,440.97
Activity Total 20,000,000.00 20,005,700.00 330,143.41 20,335,843.41 Portfolio: CITY Bond Purchase Activity Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 24, 2024
26 Accounting ID Transaction Type Cusip Description Date Posted Interest Received Purchased Interest Adjustment Net Interest
4334
Interest Income
3130AMW65
FHLB 0.500 12/30/2024
01/02/2024
12,500.00
12,500.00
4345
Interest Income
3130AQ5S8
FHLB 1.250 06/30/2025
01/02/2024
29,062.50
29,062.50
4346
Interest Income
3130AQD59
FHLB 1.000 09/30/2024
01/02/2024
25,000.00
25,000.00
4347
Interest Income
3130AQ7E7
FHLB 1.500 06/30/2026
01/02/2024
37,500.00
37,500.00
4349
Interest Income
3130AQD59
FHLB 1.000 09/30/2024
01/02/2024
25,000.00
25,000.00
4364
Interest Income
9128286Z8
T 1.750 06/30/2024
01/02/2024
61,250.00
61,250.00
4370
Interest Income
912828XX3
T 2.000 06/30/2024
01/02/2024
50,000.00
50,000.00
4379
Interest Income
91282CEW7
T 3.250 06/30/2027
01/02/2024
81,250.00
81,250.00
4406
Interest Income
91282CEW7
T 3.250 06/30/2027
01/02/2024
81,250.00
77,275.82
3,974.18
4390
Interest Income
931142EM1
WMT 3.050 07/08/2026
01/08/2024
64,919.25
64,919.25
4385
Interest Income
3134GYPF3
FHLMC 4.750 07/12/2027
01/12/2024
78,375.00
78,375.00
4402
Interest Income
459058KT9
IBRD 3.500 07/12/2028
01/12/2024
87,500.00
58,819.44
28,680.56
4403
Interest Income
459058KT9
IBRD 3.500 07/12/2028
01/16/2024
87,500.00
70,000.00
17,500.00
4320
Interest Income
3130AKN36
FHLB 0.525 01/15/2026
01/16/2024
13,125.00
13,125.00
4384
Interest Income
3130AUMC5
FHLB 3.750 07/20/2026
01/22/2024
93,750.00
93,750.00
4321
Interest Income
3130AKN85
FHLB 0.550 01/20/2026
01/22/2024
13,750.00
13,750.00
4380
Interest Income
3134GYCP5
FHLMC 5.000 07/23/2024
01/23/2024
125,000.00
125,000.00
4338
Interest Income
459058JE4
IBRD 0.376 07/28/2025
01/29/2024
9,400.00
9,400.00
4371
Interest Income
459200KS9
IBM 4.000 07/27/2025
01/29/2024
120,000.00
120,000.00
4391
Interest Income
904764AU1
UNANA 2.000 07/28/2026
01/29/2024
25,050.00
25,050.00
4322
Interest Income
3130AKUS3
FHLB 0.500 01/28/2026
01/29/2024
12,500.00
12,500.00
4325
Interest Income
91159HHX1
USB 2.400 07/30/2024
01/30/2024
45,708.00
45,708.00
4330
Interest Income
91282CAB7
T 0.250 07/31/2025
01/31/2024
6,250.00
6,250.00
4341
Interest Income
91282CCP4
T 0.625 07/31/2026
01/31/2024
15,625.00
15,625.00
4353
Interest Income
912828Y87
T 1.750 07/31/2024
01/31/2024
43,750.00
43,750.00
4358
Interest Income
912828Y87
T 1.750 07/31/2024
01/31/2024
35,000.00
35,000.00
4408
Interest Income
91282CHQ7
T 4.125 07/31/2028
01/31/2024
206,250.00
189,436.14
16,813.86
4409
Interest Income
91282CFB2
T 2.750 07/31/2027
01/31/2024
68,750.00
64,266.30
4,483.70
Activity Total 1,555,014.75 459,797.70 1,095,217.05 Portfolio: CITY Bond Interest Received Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 24, 2024
27 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4364 9128286Z8 T 1.750 06/30/2024 U.S. Treasury Note 04/29/2022 05/02/2022 7,000,000.00 6,972,793.04 6,901,860.00 (70,933.04) 2.730 0.40 150 1.82% Aaa AA+ AA+ 4370
912828XX3
T
2.000
06/30/2024
U.S. Treasury Note
05/26/2022
05/27/2022
5,000,000.00
4,990,808.82
4,935,150.00
(55,658.82)
2.462
0.40 150
1.30%
Aaa
AA+
AA+
4353 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 01/13/2022 01/14/2022 5,000,000.00 5,017,632.40 4,917,800.00 (99,832.40) 1.028 0.49 181 1.31% Aaa AA+ AA+ 4358 912828Y87 T 1.750 07/31/2024 U.S. Treasury Note 02/10/2022 02/11/2022 4,000,000.00 4,002,997.25 3,934,240.00 (68,757.25) 1.595 0.49 181 1.04% Aaa AA+ AA+ 4361 912828D56 T 2.375 08/15/2024 U.S. Treasury Note 03/21/2022 03/22/2022 5,000,000.00 5,003,492.02 4,928,150.00 (75,342.02) 2.240 0.52 196 1.30% Aaa AA+ AA+ 4298 912828YH7 T 1.500 09/30/2024 U.S. Treasury Note 12/04/2019 12/05/2019 5,000,000.00 4,996,976.72 4,887,700.00 (109,276.72) 1.595 0.65 242 1.30% Aaa AA+ AA+ 4350 912828YM6 T 1.500 10/31/2024 U.S. Treasury Note 12/30/2021 12/31/2021 3,000,000.00 3,012,795.39 2,925,600.00 (87,195.39) 0.920 0.73 273 0.78% Aaa AA+ AA+ 4376 91282CEU1 T 2.875 06/15/2025 U.S. Treasury Note 11/17/2022 11/18/2022 3,000,000.00 2,946,015.96 2,936,850.00 (9,165.96) 4.276 1.32 500 0.77% Aaa AA+ AA+ 4330 91282CAB7 T 0.250 07/31/2025 U.S. Treasury Note 05/18/2021 05/19/2021 5,000,000.00 4,973,091.53 4,700,400.00 (272,691.53) 0.615 1.46 546 1.29% Aaa AA+ AA+ 4340 91282CAJ0 T 0.250 08/31/2025 U.S. Treasury Note 09/23/2021 09/27/2021 5,000,000.00 4,962,277.72 4,686,900.00 (275,377.72) 0.735 1.54 577 1.29% Aaa AA+ AA+ 4351 9128284Z0 T 2.750 08/31/2025 U.S. Treasury Note 12/30/2021 12/31/2021 5,000,000.00 5,127,034.80 4,876,950.00 (250,084.80) 1.103 1.51 577 1.33% Aaa AA+ AA+ 4341 91282CCP4 T 0.625 07/31/2026 U.S. Treasury Note 09/30/2021 09/30/2021 5,000,000.00 4,960,457.75 4,593,350.00 (367,107.75) 0.950 2.42 911 1.29% Aaa AA+ AA+ 4339 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 09/23/2021 09/23/2021 1,000,000.00 996,473.38 919,530.00 (76,943.38) 0.890 2.49 942 0.26% Aaa AA+ AA+ 4342 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 11/22/2021 11/23/2021 5,000,000.00 4,933,250.22 4,597,650.00 (335,600.22) 1.285 2.49 942 1.28% Aaa AA+ AA+ 4379 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/28/2022 12/29/2022 5,000,000.00 4,883,943.89 4,888,300.00 4,356.11 4.000 3.17 1,245 1.27% Aaa AA+ AA+ 4406 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/21/2023 12/22/2023 5,000,000.00 4,887,891.91 4,888,300.00 408.09 3.960 3.17 1,245 1.27% Aaa AA+ AA+ 4409 91282CFB2 T 2.750 07/31/2027 U.S. Treasury Note 01/18/2024 01/19/2024 5,000,000.00 4,785,386.50 4,804,300.00 18,913.50 4.080 3.28 1,276 1.25% Aaa AA+ AA+ 4408
91282CHQ7
T
4.125
07/31/2028
U.S. Treasury Note
01/12/2024
01/16/2024
10,000,000.00
10,120,327.50
10,094,900.00
(25,427.50)
3.831
4.06 1,642
2.63%
Aaa
AA+
AA+
U.S. Treasuries 88,000,000.00 87,573,646.79 85,417,930.00 (2,155,716.79) 22.80% 4323
459056HV2
IBRD
1.500
08/28/2024
Int'l Bank for Recon and Dev
04/21/2021
04/23/2021
5,000,000.00
5,030,646.31
4,895,900.00
(134,746.31)
0.425
0.56 209
1.31%
Aaa
AAA
AAA
4338
459058JE4
IBRD
0.376
07/28/2025
Int'l Bank for Recon and Dev
07/28/2021
07/30/2021
5,000,000.00
4,984,689.15
4,704,000.00
(280,689.15)
0.583
1.45 543
1.30%
Aaa
AAA
AAA
4319
459058JL8
IBRD
0.500
10/28/2025
Int'l Bank for Recon and Dev
01/08/2021
01/12/2021
5,000,000.00
4,999,001.01
4,674,550.00
(324,451.01)
0.512
1.69 635
1.30%
Aaa
AAA
AAA
4324
45906M2L4
IBRD
0.650
02/24/2026
Int'l Bank for Recon and Dev
04/28/2021
04/30/2021
5,000,000.00
4,977,804.27
4,637,200.00
(340,604.27)
0.870
2.00 754
1.30%
Aaa
AAA
AAA
4401
45818WEQ5
IADB
3.800
06/09/2028
Inter-American Development Bank
09/19/2023
09/21/2023
5,000,000.00
4,840,568.20
4,940,950.00
100,381.80
4.622
3.94 1,590
1.26%
Aaa
AAA
AAA
4402
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
11/09/2023
11/13/2023
5,000,000.00
4,751,125.07
4,896,350.00
145,224.93
4.760
4.05 1,623
1.24%
Aaa
AAA
AAA
4403
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
12/04/2023
12/06/2023
5,000,000.00
4,830,183.79
4,896,350.00
66,166.21
4.350
4.05 1,623
1.26%
Aaa
AAA
AAA
4410
459058KW2
IBRD
4.625
08/01/2028
Int'l Bank for Recon and Dev
01/23/2024
01/25/2024
5,000,000.00
5,100,627.31
5,124,550.00
23,922.69
4.130
3.96 1,643
1.33%
Aaa
AAA
AAA
Supranational 40,000,000.00 39,514,645.10 38,769,850.00 (744,795.10) 10.29% 4387
3130AUXN9
FHLB
5.000
02/15/2024
Federal Home Loan Bank
04/24/2023
04/25/2023
3,000,000.00
3,000,076.76
2,999,550.00
(526.76)
4.923
0.04 14
0.78%
Aaa
AA+
4292
3133ECHX5
FFCB
2.260
03/13/2024
Federal Farm Credit Bank
05/22/2019
05/23/2019
5,000,000.00
5,000,131.10
4,982,750.00
(17,381.10)
2.236
0.11 41
1.30%
Aaa
AA+
AA+
4378
3130ATVC8
FHLB
4.875
06/14/2024
Federal Home Loan Bank
12/27/2022
12/28/2022
5,000,000.00
5,002,212.45
4,994,150.00
(8,062.45)
4.740
0.36 134
1.30%
Aaa
AA+
4348
3130AQD42
FHLB
0.920
06/28/2024
Federal Home Loan Bank
12/14/2021
12/28/2021
5,000,000.00
5,000,000.00
4,914,300.00
(85,700.00)
0.920
0.40 148
1.30%
Aaa
AA+
4380
3134GYCP5
FHLMC
5.000
07/23/2024
Freddie Mac
01/05/2023
01/23/2023
5,000,000.00
5,000,000.00
4,995,850.00
(4,150.00)
5.000
0.46 173
1.30%
Aaa
AA+
AA+
4344
3130AQ3C5
FHLB
1.000
08/28/2024
Federal Home Loan Bank
12/01/2021
12/02/2021
4,000,000.00
4,000,000.00
3,907,360.00
(92,640.00)
1.000
0.56 209
1.04%
Aaa
AA+
4373
3133XVDG3
FHLB
4.375
09/13/2024
Federal Home Loan Bank
09/22/2022
09/23/2022
5,000,000.00
5,003,924.08
4,985,300.00
(18,624.08)
4.240
0.59 225
1.30%
Aaa
AA+
4336
3130AMXJ6
FHLB
0.500
09/30/2024
Federal Home Loan Bank
06/17/2021
06/30/2021
5,000,000.00
5,000,000.00
4,854,050.00
(145,950.00)
0.500
0.65 242
1.30%
Aaa
AA+
4346
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/14/2021
12/30/2021
5,000,000.00
5,000,000.00
4,869,000.00
(131,000.00)
1.000
0.65 242
1.30%
Aaa
AA+
4349
3130AQD59
FHLB
1.000
09/30/2024
Federal Home Loan Bank
12/22/2021
12/30/2021
5,000,000.00
5,000,000.00
4,869,000.00
(131,000.00)
1.000
0.65 242
1.30%
Aaa
AA+
4334
3130AMW65
FHLB
0.500
12/30/2024
Federal Home Loan Bank
06/15/2021
06/30/2021
5,000,000.00
5,000,000.00
4,804,850.00
(195,150.00)
0.500
0.89 333
1.30%
Aaa
AA+
4332
3130AMQ62
FHLB
0.625
03/14/2025
Federal Home Loan Bank
05/26/2021
06/14/2021
5,000,000.00
5,000,000.00
4,799,700.00
(200,300.00)
0.625
1.09 407
1.30%
Aaa
AA+
4397
3130AWER7
FHLB
4.625
06/06/2025
Federal Home Loan Bank
06/14/2023
06/15/2023
3,000,000.00
2,998,710.76
3,008,310.00
9,599.24
4.659
1.28 491
0.78%
Aaa
AA+
4329
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
05/13/2021
05/14/2021
5,000,000.00
4,991,295.59
4,737,600.00
(253,695.59)
0.628
1.34 502
1.30%
Aaa
AA+
AA+
4381
3135G04Z3
FNMA
0.500
06/17/2025
Fannie Mae
01/12/2023
01/13/2023
5,000,000.00
4,771,578.95
4,737,600.00
(33,978.95)
4.013
1.34 502
1.24%
Aaa
AA+
AA+
4345 3130AQ5S8 FHLB 1.250 06/30/2025 Federal Home Loan Bank 12/08/2021 12/30/2021 4,650,000.00 4,650,000.00 4,451,166.00 (198,834.00) 1.250 1.37 515 1.21% Aaa AA+ 4327 3130AMDL3 FHLB 0.800 07/25/2025 Federal Home Loan Bank 05/11/2021 05/25/2021 5,000,000.00 5,000,000.00 4,743,350.00 (256,650.00) 0.800 1.44 540 1.30% Aaa AA+ 4360 3130AQT94 FHLB 1.600 08/28/2025 Federal Home Loan Bank 03/03/2022 03/04/2022 4,575,000.00 4,560,002.65 4,380,333.75 (179,668.90) 1.816 1.51 574 1.19% Aaa AA+ 4331 3130AMQ54 FHLB 0.700 09/16/2025 Federal Home Loan Bank 05/26/2021 06/16/2021 5,000,000.00 5,000,000.00 4,707,000.00 (293,000.00) 0.700 1.58 593 1.30% Aaa AA+ 4318 3135GA2Z3 FNMA 0.560 11/17/2025 Fannie Mae 01/08/2021 01/11/2021 3,000,000.00 3,001,220.96 2,801,040.00 (200,180.96) 0.500 1.74 655 0.78% Aaa AA+ AA+ 4320 3130AKN36 FHLB 0.525 01/15/2026 Federal Home Loan Bank 01/14/2021 01/15/2021 5,000,000.00 4,998,044.44 4,646,250.00 (351,794.44) 0.545 1.90 714 1.30% Aaa AA+ 4321 3130AKN85 FHLB 0.550 01/20/2026 Federal Home Loan Bank 01/14/2021 01/20/2021 5,000,000.00 4,999,015.28 4,646,500.00 (352,515.28) 0.560 1.92 719 1.30% Aaa AA+ 4322 3130AKUS3 FHLB 0.500 01/28/2026 Federal Home Loan Bank 01/26/2021 01/28/2021 5,000,000.00 5,000,000.00 4,638,550.00 (361,450.00) 0.500 1.94 727 1.30% Aaa AA+ 4333 3130ALEY6 FHLB 0.800 03/04/2026 Federal Home Loan Bank 06/09/2021 06/10/2021 5,000,000.00 5,000,000.00 4,646,500.00 (353,500.00) 0.800 2.02 762 1.30% Aaa AA+ 4328 3130AMJN3 FHLB 1.030 05/26/2026 Federal Home Loan Bank 05/12/2021 05/26/2021 5,000,000.00 5,000,000.00 4,638,850.00 (361,150.00) 1.030 2.23 845 1.30% Aaa AA+ Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 18, 2024
28 Accounting
ID CUSIP Ticker Coupon Maturity Date Short Description Trade Date Settlement Date Par Value Book Value Market Value Gain/Loss Book
Yield
Effective
Duration
Days to
Maturity
(%) of
Portfolio
Moodys
Rating
S&P
Rating
Fitch
Rating
4335 3130AMFS6 FHLB 0.750 06/12/2026 Federal Home Loan Bank 06/16/2021 06/17/2021 5,000,000.00 4,985,777.16 4,618,700.00 (367,077.16) 0.873 2.29 862 1.30% Aaa AA+ 4388 3130AVWS7 FHLB 3.750 06/12/2026 Federal Home Loan Bank 05/08/2023 05/09/2023 3,000,000.00 2,996,811.62 2,974,890.00 (21,921.62) 3.796 2.22 862 0.78% Aaa AA+ 4398 3133EPNG6 FFCB 4.375 06/23/2026 Federal Farm Credit Bank 06/22/2023 06/23/2023 3,000,000.00 2,998,922.50 3,015,060.00 16,137.50 4.391 2.24 873 0.78% Aaa AA+ AA+ 4347 3130AQ7E7 FHLB 1.500 06/30/2026 Federal Home Loan Bank 12/14/2021 12/30/2021 5,000,000.00 5,001,072.84 4,679,250.00 (321,822.84) 1.339 2.31 880 1.30% Aaa AA+ 4384 3130AUMC5 FHLB 3.750 07/20/2026 Federal Home Loan Bank 01/17/2023 01/19/2023 5,000,000.00 5,000,000.00 4,953,000.00 (47,000.00) 3.750 2.32 900 1.30% Aaa AA+ 4356 3130AQS79 FHLB 1.375 08/07/2026 Federal Home Loan Bank 01/27/2022 02/07/2022 5,000,000.00 5,000,000.00 4,733,100.00 (266,900.00) 1.375 2.38 918 1.30% Aaa AA+ 4386 3133EPGT6 FFCB 3.875 04/26/2027 Federal Farm Credit Bank 04/21/2023 04/26/2023 5,000,000.00 4,995,348.09 4,975,300.00 (20,048.09) 3.906 2.97 1,180 1.30% Aaa AA+ AA+ 4389 3133EPJP1 FFCB 3.625 05/12/2027 Federal Farm Credit Bank 05/08/2023 05/12/2023 5,000,000.00 4,988,641.08 4,937,350.00 (51,291.08) 3.700 3.02 1,196 1.30% Aaa AA+ AA+ 4392 3130AW4N7 FHLB 3.630 06/04/2027 Federal Home Loan Bank 05/16/2023 05/18/2023 5,000,000.00 5,000,000.00 4,941,850.00 (58,150.00) 3.630 3.08 1,219 1.30% Aaa AA+ 4396 3133EPMV4 FFCB 4.125 06/15/2027 Federal Farm Credit Bank 06/09/2023 06/15/2023 5,000,000.00 4,999,199.10 5,014,800.00 15,600.90 4.130 3.09 1,230 1.30% Aaa AA+ AA+ 4385 3134GYPF3 FHLMC 4.750 07/12/2027 Freddie Mac 04/21/2023 04/24/2023 3,300,000.00 3,295,953.26 3,273,369.00 (22,584.26) 4.791 1.43 1,257 0.86% Aaa AA+ AA+ 4405 3130AWWN6 FHLB 4.500 09/10/2027 Federal Home Loan Bank 12/04/2023 12/05/2023 4,455,000.00 4,471,741.86 4,530,957.75 59,215.89 4.383 3.23 1,317 1.16% Aaa AA+ 4395 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/09/2023 06/13/2023 5,000,000.00 5,004,016.04 5,012,000.00 7,983.96 3.979 3.93 1,590 1.30% Aaa AA+ 4399 3130AWC24 FHLB 4.000 06/09/2028 Federal Home Loan Bank 06/26/2023 06/27/2023 5,000,000.00 4,997,580.25 5,012,000.00 14,419.75 4.012 3.93 1,590 1.30% Aaa AA+ 4400 31422X5U2 FAMCA 5.100 08/07/2028 Farmer Mac 08/02/2023 08/07/2023 2,000,000.00 2,000,000.00 2,004,160.00 4,160.00 5.100 2.11 1,649 0.52% U.S. Agencies 182,980,000.00 182,711,276.80 177,434,696.50 (5,276,580.30) 47.57% 4355 67066GAL8 NVDA 0.584 06/14/2024 Nvidia 01/20/2022 01/24/2022 5,000,000.00 4,987,914.01 4,912,750.00 (75,164.01) 1.250 0.36 134 1.30% A1 A+ 4325 91159HHX1 USB 2.400 07/30/2024 US Bank 04/28/2021 04/30/2021 3,809,000.00 3,843,148.82 3,752,474.44 (90,674.38) 0.528 0.48 180 1.00% A3 A A 4343 14913R2P1 CAT 0.600 09/13/2024 Caterpillar 11/30/2021 12/02/2021 5,000,000.00 4,988,456.44 4,859,400.00 (129,056.44) 0.980 0.60 225 1.30% A2 A A+ 4371 459200KS9 IBM 4.000 07/27/2025 IBM 08/09/2022 08/11/2022 6,000,000.00 6,015,838.65 5,944,020.00 (71,818.65) 3.810 1.42 542 1.57% A3 A- 4372 931142EW9 WMT 3.900 09/09/2025 Walmart 09/20/2022 09/22/2022 5,000,000.00 4,981,256.98 4,955,150.00 (26,106.98) 4.150 1.51 586 1.30% Aa2 AA AA 4382 717081DV2 PFE 2.750 06/03/2026 Pfizer Inc 01/13/2023 01/18/2023 5,000,000.00 4,849,479.51 4,800,050.00 (49,429.51) 4.142 2.21 853 1.26% A2 A A 4375 110122CN6 BMY 3.200 06/15/2026 Bristol-Myers Squibb 11/14/2022 11/16/2022 5,000,000.00 4,861,067.65 4,849,050.00 (12,017.65) 4.480 2.20 865 1.27% A2 A 4390 931142EM1 WMT 3.050 07/08/2026 Walmart 05/11/2023 05/15/2023 4,257,000.00 4,188,856.59 4,133,206.44 (55,650.15) 3.752 2.26 888 1.09% Aa2 AA AA 4391 904764AU1 UNANA 2.000 07/28/2026 Unilever 05/11/2023 05/15/2023 2,505,000.00 2,402,843.06 2,366,874.30 (35,968.76) 3.752 2.38 908 0.63% A1 A+ A 4404 037833DN7 AAPL 2.050 09/11/2026 Apple 12/04/2023 12/06/2023 5,000,000.00 4,692,492.46 4,712,500.00 20,007.54 4.583 2.46 953 1.22% Aaa AA+ 4407 713448DN5 PEP 2.375 10/06/2026 Pepsi 12/21/2023 12/26/2023 5,000,000.00 4,762,368.75 4,759,050.00 (3,318.75) 4.273 2.50 978 1.24% A1 A+ WD Corporates 51,571,000.00 50,573,722.93 50,044,525.18 (529,197.75) 13.17% Bond Holdings 362,551,000.00 360,373,291.62 351,667,001.68 (8,706,289.94) 93.82% Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
01/31/2024
Report Run Date: Apr 18, 2024
29 Statement of Cash Receipts and Disbursements and
Cash Receipts and Disbursements December 2023 January 2024 Receipts
General Fund
Property Tax 23,817,212$ 19,158,531$
Local Sales Tax 3,996,591 3,385,565
Public Safety Sales Tax 285,478 241,753
Transient Occupancy Tax (TOT) 1,072,762 1,031,836
Utility Users Tax (UUT) 1,642,396 1,854,414
Other Revenue 4,462,678 5,055,037
Total General Fund Revenue 35,277,117 30,727,136
Total All Other Funds Revenue 22,491,481 20,986,315
Total Receipts 57,768,599$ 51,713,451$
Disbursements
General Fund
Personnel Services (16,299,110) (12,176,399)
Operating Expenses (3,789,596) (4,845,543)
Capital Expenditures ‐ ‐
Non‐Operating Expenses (466,907) (201,186)
Total General Fund Disbursements (20,555,613) (17,223,128) Total All Other Funds Disbursements (26,181,844) (23,888,352) Total Disbursements (46,737,457) (41,111,480)
Net Change in Cash Flow 11,031,142$ 10,601,970$ Summary of Cash by Fund December 2023 January 2024
General Fund 83,517,850$ 97,021,857$
General Fund Other 5,346,116 5,225,669
Capital Projects Funds 67,553,371 66,230,097
Debt Service Funds 29,577,241 30,734,758
Enterprise Funds 81,583,525 77,575,831
Trust and Agency Funds 3,362,860 5,777,599
Internal Service Funds 54,079,271 52,610,362
Special Revenue Funds 48,080,997 48,527,027
General Ledger Cash Balances * 373,101,230$ 383,703,201$ Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences.
Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter.
Summary of Cash by Fund
City Treasurer's Office
January 2024
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