CITY OF LAGUNA NIGUEL
CITY COUNCIL AGENDA ITEM
To: Honorable Mayor and Council Members
FROM: Tamara S. Letourneau, City Manager
DATE: May 7, 2024
SUBJECT: Investment Report as of March 31, 2024
RECOMMENDATION
Staff recommends that the City Council receive and file the City of Laguna Niguel Investment Report as of March 31, 2024.
BACKGROUND
The City Investment Policy requires the City Manager to submit an Investment Report monthly to the City Council that contains a summary of investment transactions, including investment types, percent of portfolio, yield, purchase date, maturity date, issuer or institution, par and dollar amount invested, market value, source of market valuation, the portfolio's average weighted yield and maturity, and a description of any local agency funds or investments under the management of contracted parties.
Submission of, and the City Council's action of receiving and filing this report, addresses Goal #2, fiscal sustainability, in the City's Strategic Plan.
ANALYSIS
The Federal Open Market Committee (FOMC) elected to leave the Federal Funds rate unchanged at 5.25%-5.50% at their May 2024 meeting. This marked the sixth straight meeting that the Committee did not adjust the Fed Funds rate. The FOMC stated that "there has been a lack of further progress towards the Committee's 2 percent inflation objective" , and "the Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent". Federal Reserve Chairman Jerome Powell recently discussed the state of the economy and interest rates, saying "the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence" and "given the strength of the labor market and progress on inflation so far, it's appropriate to allow restrictive policy further time to work and let the data and the evolving outlook guide us". He also stated, "if higher inflation does persist, we can maintain the current level of restriction for as long as needed".
Core inflation continues to decrease closer to 2%, but the rate of decline flattened out to start the year.
SIX-MONTH ANNUALIZED INFLATION REMAINS
ABOVE THE FED'S TARGET
Change in core PCE since 2016
6%
4%
CONVALED
6-MONTH %
CHANGE
ORE PCE Y
CHAN
D'S 2% TARGET
2% -
0%
2016 2017 2018 2019 2020 2021 2022 2023 2024
SOURCE: CAPITAL ECONOMICS VIA ANDREW HUNTER yahoo!finance Recent data has pointed to persistent inflationary pressures:
• 303,000 jobs were added in March, well above expectations of 200,000 • Unemployment rate decreased to 3.8%, marking the 26*h consecutive month unemployment has been under 4%, the longest stretch since the late 1960s • Compensation costs increased by 1.2% in Q1 2024, beating expectations by 0.3% The City is in a strong position regarding interest rates. With $20.3 million maturing in 2025, a "higher for longer" position will benefit the City, as those funds may be reinvested at a much higher rate. Including money market funds, the City has $37.6 million maturing before the end of 2025, representing more than 50% of the portfolio.
BOND SUMMARY
50%
40%
30%
20%
10%
0% 2027 2028 2029
2024 2025 2026
Par Value Market Value
MATURITY
2024 5,000,000.00 4,921,995.00
2025 20,325,000.00 19,643,556.00
2026 7.500.000.00 7,062,765.00
2027 7,000,000,00 6,825,370.00
2028 10,500,000 00 10,233,510.00
2029 4,500,000.00 4,439,877.50
Total of Category $54,825,000.00 $53,127,073.50
The following table compares the portfolio balance as of March 2024 to February 2024.
Portfolio Balance February 2024 March 2024 Difference
Balance $64,888,241 $62,782,111 ($2,106,130)
• Over the past month, the City's total cash and investments experienced a net decrease of $2, 106,130. It is not unusual for the City's cash balance to deplete during the months when property taxes are not received, as property taxes represent over 50% of annual General Fund Revenues for the City. Major outlays this past month included $1,530,000 for police services, $450,000 for street and landscape maintenance, and $210,000 for the Aliso Creek Road and Traffic Improvements project.
• The percentage of pooled investments remained at 0.28%. Pooled investments include the Local Agency Investment Fund (LAIF) and the Orange County Investment Pool (OCIP).
• The average weighted maturity of City investments, including investment pools and money market, remained at 801 days. The average weighted maturity of City investments, including investment pools and money market, is calculated as follows: Sum of days left until maturity of each individual investment multiplied by the cost of each individual investment divided by the total portfolio at cost, excluding cash in bank.
• The net yield of LAIF increased from 4. 122% to 4.232%. The net yield of OCIP decreased from 4.518% to 4.369%. The net yield for the First American money market funds in the City's custodian account remained at 5.190%. This is the first time the OCIP yield has decreased during this rate cycle. In general, staff does anticipate the pooled yields to continue to get closer to the current Fed Funds rate. However, since a portion of each of the pools is invested in longer- term securities, the pooled funds will not produce higher yields than the pooled funds until the FOMC lowers the Fed Funds rate.
Average Monthly Yield Comparison - 03/2019 through 03/2024
6.00%
5.00%
4.00% — S&P GIP
3.00% ---• Fed Funds
2.00%
1.00%
0.00% PAN March Yette
4.232%
3/2021 9/2021 3/2024 S&P GIP 5.520%
32019- 8/2019 12/2018 12/2020 6/2021 12/2021 !!!! 12/2023 Fed Punds 5.380% • The average weighted yield of City investments, including investment pools and money market, decreased from 3.107% to 3.046%. This decrease is primarily due to a reduction in the money market funds held due to the monthly spend down noted above. The money market funds continue to be the City's strongest
investment type this year, as this is the only security type earning an average above 5%. The City's average weighted yield of City investments, including investment pools and money market, is calculated by taking the total investment earnings divided by the total portfolio at cost, and includes cash in the sweep investments.
• A comparison of the City's average weighted yield to short-term and long-term benchmarks is presented below:
City Portfolio Benchmark Comparisons
Average 5-Year 1-Year 6-Month OCIP LAIF
Weighted Treasury Treasury Treasury
Yield
3.046% 4.227% 5.030% 5.340% 4.369% 4.232%
The monthly Investment Report as of March 31, 2024, is attached.
ALTERNATIVES CONSIDERED
The City Council can choose not to receive and file the City of Laguna Niguel Investment Report as of March 31, 2024.
FISCAL REVIEW
There is no fiscal impact as a result of this action.
CONCLUSION
The City Investment Policy requires the submittal of a monthly Investment Report. Staff recommends that the City Council receive and file this Report.
Jamara Setonsean In
Tamara S. Letourneau Trevor Agrelius
City Manager Finance Director
Attachments:
A. Monthly Investment Report as of March 31, 2024
ATTACHMENT A
Investment Report as of March 31, 2024
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
as of
March 31, 2024
C'amara S. Letourneal
CITY MANAGEF
Trevor Agrelius
FINANCE DIRECTOR
May 7, 2024
CITY OF LAGUNA NIGUEL
INVESTMENT REPORT
TABLE OF CONTENTS
Statement of Compliance/Non-Compliance 1
Report of Cash and Investments 2
LAIF Investment Reports 3-5
OCIP Investment Reports 6-9
US Bank Statement 10-24
PARS Statement 25
City of Laguna Niguel
Statement of Compliance/Non-Compliance with the City's Investment Policy The undersigned officers of the City of Laguna Niguel hereby certify that:
As of March 31, 2024, the City was in compliance with the Investment Policy adopted at the August 1, 2023, Regular City Council Meeting.
Sufficient investment liquidity from cash and cash equivalents and anticipated revenues are available to meet the City's budgeted expenditure requirements for the next six months.
Jamar & Betonsean In An
Tamara S. Letourneau Trevor Agrelius
City Manager Finance Director
City of Laguna Niguel
Summary of Cash and Investments
3/31/2024
Settlement Maturity Coupon Purchased Percent of Max Allowed Per Description Date Date Rate Yield Cost Portfolio Investment Policy Petty Cash/Change Drawers $ 2,500.00 0.00% N/A $ 2,500.00 US Bank Checking & Investment Accounts 4.904% 2,110,493.10 3.36% N/A 2,110,493.10 US Bank Money Market 5.190% 5,522,423.03 8.80% 10.00% 5,522,423.03 Local Agency Investment Fund 4.232% 101,912.88 0.16% >$40 million or 55% 101,250.45 Orange County Investment Pool 4.369% 77,431.79 0.12% >$40 million or 55% 77,431.79 US Treasury Note: 23.21% N/A
912828YH7 12/22/2023 9/30/2024 1.500% 4.779% 1,463,062.50 1,472,370.00 91282CFX4 11/10/2023 11/30/2024 4.500% 5.206% 992,812.50 995,200.00 9128283P3 12/22/2023 12/31/2024 2.250% 4,635% 1,464,600.00 1,468,335.00 91282CHD6 2/26/2024 5/31/2025 4.250% 4.810% 1,489,755.00 1,487,700.00 912810EV6 6/22/2023 8/15/2025 6.875% 4.311% 2,104,000.00 2,059,060.00 91282CJK8 11/30/2023 11/15/2026 4.625% 4.310% 1,008,640.00 1,003,240.00 9128284V9 12/22/2023 8/15/2028 2.875% 3.791% 1,441,875.00 1,416,450.00 91282CJAO 11/10/2023 9/30/2028 4.625% 4.500% 1,005,380.00 1,014,410.00 91282CDL2 12/22/2023 11/30/2028 1.500% 3.780% 1,571,710.00 1,547,857.50 91282CJN2 12/8/2023 11/30/2028 4.375% 4.020% 2,031,720.00 2,010,540.00 Certificates of Deposit: 6.77%
949764GT5 10/24/2023 4/24/2025 5.500% 5.500% 250,000.00 251,105.00 83407DBPO 10/30/2023 4/30/2025 5.450% 5.450% 250,000.00 250,902.50 15140RCY3 7/25/2023 7/26/2027 4.700% 4.700% 250,000.00 251,212.50 8562834C7 7/31/2023 8/2/2027 4.600% 4.600% 250,000.00 250,492.50 15118RM38 12/8/2023 12/8/2027 4.600% 4.600% 250,000.00 251,430.00 33610RVD2 12/12/2023 12/10/2027 4.550% 4,550% 250,000.00 251,015.00 05580AY24 7/18/2023 4/14/2028 4,400% 4.408% 249,875.00 250,467.50 7/18/2023 4/17/2028 4.400% 4.408% 249,875.00 250,547.50 2546733V6
20033A4J2 7/26/2023 7/26/2028 4.450% 4.450% 250,000.00 251,202.50 062119CD2 7/28/2023 7/28/2028 4.500% 4.500% 250,000.00 251,730.00 02589AF64 11/1/2023 11/1/2028 5.000% 5.000% 250,000.00 257,025.00 87165E3V7 11/3/2023 11/3/2028 5.000% 5.000% 250,000.00 257,035.00 795451DH3 12/13/2023 12/13/2028 4,400% 4.400% 250,000.00 250,887.50 58404DTX9 12/22/2023 12/22/2028 4.300% 4.300% 250,000.00 249,920.00 32110YK46 12/28/2023 12/28/2028 4.300% 4.300% 250,000.00 249,957.50 848608FB6 1/31/2024 1/31/2029 3.950% 3.950% 250,000.00 246,160.00 903572GQ2 2/14/2024 2/14/2029 3.950% 3.950% 250,000.00 246,152.50 Federal Home Loan Mortgage Corporation: 8.26% 25.00%
3134GV5R5 7/15/2020 7/15/2024 0.570% 0.570% 1,000,000.00 986,090.00 3137EAEPO 1/29/2021 2/12/2025 1.500% 0.337% 4,188,112.71 3,876,440.00 Federal National Mortgage Association: 13.77% 25.00%
3135G05X7 1/29/2021 8/25/2025 0.375% 0.519% 8,645,922.29 8,172,171.00 Federal Farm Credit Banks: 17.53% 25.00%
3133EPYW9 10/20/2023 10/20/2025 5.125% 5.178% 999,000.00 1,004,800.00 3133ENVD9 4/26/2022 4/26/2027 2.875% 2,900% 3,995,360.00 3,818,720.00 3133EPH81 12/8/2023 10/4/2027 4.500% 4.150% 2,024,580.00 2,002,500.00 3133EPW84 1/30/2024 1/18/2029 3.875% 3.930% 2,493,800.00 2,456,700.00 3133EP3B9 2/26/2024 2/13/2029 4.125% 4.200% 1,494,975.00 1,490,865.00 Federal Home Loan Banks: 18.00% 25.00%
3130AJTF6 7/14/2020 7/14/2025 0.740% 0.740% 1,000,000.00 947,380.00 3130AJTX7 7/21/2020 7/21/2025 0.720% 0.720% 625,000.00 592,287.50 3130AMFS6 8/12/2021 6/12/2026 0.750% 0.735% 2,001,415.36 1,838,840.00 3130AWLY4 7/25/2023 6/13/20255.125% 4.900% 1,004,010.00 1,001,710.00 3130A8XY4 10/18/2021 9/11/20261.875% 1.100% 4,665,690.00 4,220,685.00 3130AWC24 6/23/2023 6/9/2028 4.000% 3.930% 2,006,180.00 1,975,480.00
57.57% 60.00%
$ 62,782,111.16 100.00% 3 60,941,171.87
Restricted for Specific Use
PARS 115 Pension Trust $ 2,000,000.00 20.00% $ 2,118,475.31 Average weighted maturity of Investments, excluding Investment 915 days Average weighted maturity of Investments, including Investment 801 days Average weighted yield of Investments, excluding Investment Poc 2.755% Average weighted yield of Investments, including Investment Poo 3.046% * Market value of City investments is provided by US Bank NOTE: Market value disclosure is for informational purposes only. City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the cost and market value of an investment will not be realized. 2 5/1/24,11:51 AM LAIF Regular Monthly Statement
California State Treasurer
Fiona Ma, CPA
Local Agency Investment Fund May 01, 2024
P.O. Box 942809
LAIF Home
Sacramento, CA 94209-0001
PMIA Average Monthly.
(916) 653-3001
Yields
CITY OF LAGUNA NIGUEL
TREASURER
30111 CROWN VALLEY PARKWAY
LAGUNA NIGUEL, CA 92677
Iran Type Definitions
Account Number: 98-30-408
March 2024 Statement
Account Summary
Total Deposit: 0.00 Beginning Balance: 101,912.88
Total Withdrawal: 0.00 Ending Balance: 101,912.88
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 PMIA/LAIF Performance Report
as of 4/17/24
Quarterly Performance PMIA Average Monthly
Quarter Ended 03/31/24 Effective Yields(1)
LAIF Apportionment Rate 2). 4.30 March 4.232
LAIF Earnings Ratio 2). 0.00011755619077389 February 4.122 AIF Administrative Cost 0.27 January 4.012
AIF Fair Value Factor 0.994191267 December 3.929
4.22 November 3.843
MIA Quarter to Date" 4.12 October 3.670
MIA Average Life (1) 226
Pooled Money Investment Account
Monthly Portfolio Composition (1)
3/31/24
$156.5 billion
Corporate
Commercial Bonds
Paper 0.43%
Time
6:47%_ Loans
Deposits 0.22%
3.25%
Certificates of
Deposit/Bank Notes
9.23%
Treasuries
58.24%
Agencies.-/
22.16%
Chart does not include $2,005,000.00 in mortares, which equates to 0.001%. Percentages may not total 100% due to rounding.
Daily rates are now available here. View PMIA Daily Rates ates: The apportionment rate includes interest earned on the CaPERS Supplemental Pension Payment pursuant to Government Code 208- ) 1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day o the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
State of California
Pooled Money Investment Account
Market Valuation
3/31/2024
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills $ 29,016,845,381.94 $ 29.371,836,247.06 29,367,095,500.00 NA Notes $ 62.110.996.962.28 $ 62,104,127,889.83 $ 61,362,065,500.00 $ 369,303,999.50 Federal Agency:
SBA $ 261,355,671.12 $ 261,355,671.12 $ 260,406,267.21 $ 1,266,206.33 MBS-REMICS $ 2,005,373.23 2,005,373.23 $ 1,960,327.91 $ 8,754.66 Debentures $ 7,783,430,186.00 7,782,764,811.01 $ 7,697,999,950.00 $ 46,603,305.45 Debentures FR $ - $
Debentures CL $ 800,000,000.00 $ 800,000,000.00 $ 788,678,500.00 $ 7,575,278.00 Discount Notes $ 23,090,969,201.38 $ 23,348,321,402.73 $ 23,332,896,000.00 NA Supranational Debentures $ 2,719,839,134.05 $ 2,719,839,134.05 $ 2,685,816,600.00 $ 13,363,501.50 Supranational Debentures FR $ $ $ $
CDs and YCDs FR $ $ $ $
Bank Notes $ $ $
CDs and YCDs $ 14,450,000,000.00 $ 14,450,000,000.00 14,449,006,916.17 $ 207,463,250.04 Commercial Paper $ 10,127,921,458.38 $ 10,230.717,347.37 $ 10,227,601,597.30 NA Corporate:
Bonds FR $ - - $ $
Bonds $ 670,418,926.95 $ 670,265,926.95 $ 654,690,660.00 $ 6,109.777.60 Repurchase Agreements $ $ $ -
Reverse Repurchase $ - $ $ $
Time Deposits $ 5,089,000,000.00 $ 5,089,000,000.00 5,089,000,000.00 NA PMIA & GF Loans $ 349,660,000.00 $ 349,660,000.00 $ 349.660.000.00 NA TOTAL 1$ 156.472,442,295.33 $ 157.179,893,803.35 $ 156,266,877,818.59 651,694,073.08 Fair Value Including Accrued Interest $ 156,918,571,891.67 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost (0.994191267).
As an example: if an agency has an account balance of $20,000,000.00, then the agency would report it participation in the LAIF valued at $19,883,825.35 or $20,000,000.00 x 0.994191267 5 COUNTY OF ORANGE
UNTY ORig OFFICE OF THE TREASURER-TAX COLLECTOR DANCECOUN Shari L. Freidenrich, CPA, CCT, CPFA, ACPFIM
P. O. BOX 4515
CALIFOR SANTA ANA, CA 92702-4515
octreasurer.com/publicfunds
March 31, 2024
CITY OF LAGUNA NIGUEL
Fund Number: 9LQ
MARCH 2024 STATEMENT
Transactions
Transaction Transaction Description Authorized Signer Amount Date
03/01/2024 February 2024 Investment Admin Fee (1.24)
03/20/2024 December 2023 Interest Paid 288.43
Summary
Total Deposit: $ 288.43 Beginning Balance: $ 77,431.79
Total Withdrawal: $ (1.24) Ending Balance: $ 77,718.98
6 ORANGE COUNTY TREASURER-TAX COLLECTOR
ORANGE COUNTY INVESTMENT FUND (OCIF)
ORANGE COUNTY TREASURER'S POOL (OCT), SPECIFIC INVESTMENT AND BOND PROCEEDS ACCOUNTS ') FOR THE MONTH AND QUARTER ENDED: MARCH 31, 2024
OCTP INVESTMENT STATISTICS"
Dally Yield as MONTHLY QUARTERLY Current NAV
DESCRIPTION CURRENT BALANCES Duration of 03/31/2024 Gross Yield Gross Yield MARKET Valuel$ 15,253,194,723
COST (Capital) s 15,165,079,232
Orange County Treasurer's Pool (OCTP) 0.94 4.369% 4.320% 4,488% 1.0031 MONTHLY AVG Balance $ 14,963,608,044
QUARTERLY AVG Balance S 15,266,451,500
BOOK Value 3 15,205.518.068
SPECIFIC INVESTMENT ACCOUNTS STATISTICS (2)
CURRENT BALANCE Fund MONTHLY QUARTERLY Market Value Book Value Current NAV DESCRIPTION Gross Yield Gross Yetd
Pension Prepayment-CEO (PP-CEO) MARKET Value: 5 556,863,065 PP-CEO 4.597% 4.652% $ 523,834,717 524,558,040 0.9986 Fountain Valley School District Fund 40(FVSD) COST (Capital) $ 532,583,784 FVSD 2.624% 2.614% 33,028,348 33,868,706 0.9752 MONTHLY AVG Balance S 532,583,784
QUARTERLY AVG Balance S 532,613,793
BOOK Value s 558.426,746
BOND PROCEEDS ACCOUNT STATISTICS
Fund MONTHLY QUARTERLY Market Value Book Value Current NAV DESCRIPTION CURRENT BALANCE Gross Yield Gross Yield
CCCD Series 2017E Bonds (CCCD) MARKET Value! s 22,673,803 CCCD 3.269% 3.348% $ 22,673,803 23,834,887 0,9513 COST (Capital) $ 24,773,009
MONTHLY AVG Balance $ 24,704,731
QUARTERLY AVG Balance $ 24,618,003
BOOK Value s 23.834,887
OCIF TOTALS
INVESTMENTS & CASH YEAR-TO-DATE EARNINGS
OCTP $ 15,165,079,232 OCTP 466,195,954
OCIP 200,878,174
OCEIP 265,317,780
Specific Investment Accounts 532,583,784 Specific Investment Accounts 17,919,191 24,773,009 Bond Proceeds Account 599,760
Bond Proceeds Account
Cash 86,830,056
Total Assets in the County Treasury 15.809.266.081 Total OCIF Year-To-Date Earning: 484.714,905
KEY POOL STATISTICS
INTEREST RATE YIELD WEIGHTED AVERAGE MATURITY (WAM)
OCTP - YTD NET YIELD 4.161% OCTP 361
5.408% 40
90-DAY T-BILL YIELD - YTD AVERAGE LGIP (Standard & Poors) reported in the pages anewith the 2024 PS section Xl that requires at last quarterly reporting per Govemment Code Section (GCS) 53641 and 27134, and GCS 53607 which requires monthly investment transactions as 12) Due to the longer term nature of PP-CEO, FVSD, and CCCD, they continue to stay below book values. The PP-CEO, FVSD, and CCCD have sufficient liquidity to meet projected cash flow needs. (3) Market values provided by Northem Trust.
5 ORANGE COUNTY TREASURER-TAX COLLECTOR
SUMMARY OF INVESTMENT DATA
INVESTMENT TRENDS
INCREASE NET CHANGE INCREASE
MARCH 2024 FEBRUARY 2024 MARCH 2023 NET CHANGE%
(DECREASE) (DECREASE)
Orange County Investment Pool (OCIP)
End Of Month Market Value' $ 6,836,732,691 $ 6,789,751,281 46,981,410 0.69% $6,429,770,777 $ 406,961,914 6.33% End Of Month Book Value" $ 6,815,363,230 6,784,783,253 $ 30,579,977 0.45% $6,499,594,982 $ 315,768,248 4.86% Monthly Average Balance $ 6,545, 169,419 $ 6,578,000,490 $ (32,831,071) -0.50% $6,176,679,359 $ 368,490,060 5.97% Year-To-Date Average Balance $ 6,300,047,434 $ 6,269,407,185 $ 30,640,249 0.49% $6,072,566,798 $ 227,480,636 3.75% Monthly Accrued Earnings? 24,187,833 $ 23,752,669 $ 435,164 1.83% $17,327,338 $ 6,860,495 39.59% Orange County Educational Investment Pool (OCEIP)
End Of Month Market Value' 8,416,462,032 $ 8,558,858,044 $ (142,396,012) -1.66% $7,736,339,489 $ 680,122,543 8.79% End Of Month Book Value' $ 8,390, 154,838 $ 8,552,595,570 $ (162,440,732) -1.90% $7,820,846,376 569,308,462 7.28% Monthly Average Balance $ 8,418,438,625 $ 8,661,483,978 $ (243,045,353) -2.81% $7,727,459,084 $ 690,979,541 8.94% Year-To-Date Average Balance? $ 8,279,328,244 $ 8,261,939,446 $ 17,388,798 0.21% $6,975,465,901 $ 1,303,862,343 18.69% Monthly Accrued Earnings? 31,341,496 $ 31,507,806 $ (166,310) -0.53% $21,713,979 $ 9,627,517 44.34% Orange County Treasurer's Pool (OCTP)
Monthly Net Yield 4.300% 4.498% -0.198% 4.40% 3.253% 1.047% 32.19% Year-To-Date Net Yield' 4.161% 4.143% 0.018% 0.43% 2.185% 1.976% 90.43% Annual Estimated Gross Yield* 4.050% 4.050% 0.000% 0.00% 2.615% 1.435% 54.88% Weighted Average Maturity (WAM) S 361 358 0.75% 199 162 81.24% * The CT WAN haner han the pilar yar ier o ange em per ase re macla ma kels nr pang ar ange iras a ra nec relig odl , l r arc 02 reprod l h cue anel ros yelt for 2 23. 8 6
ORANGE COUNTY TREASURER - TAX COLLECTOR
OCTP INVESTMENT TYPE AND CREDIT QUALITY BY MARKET VALUE PERCENT March 31, 2024
Investment Type Credit Quality
0.01% 0.01%
100% 2.72% 100%
90% 90%
24.57%
80% 80%
70% 70%
60% 60%
50% 50% 99.99%
Investment Type in Percent Security Type in
40% 40%
72.70%
30% 30%
20% 20%
10% 10%
0% 0%
In Thousands % InThousands %
U. S. GOVERNMENT AGENCIES $ 11,088,586 72.70% US GOVERNMENT 15,251,833 99.99% U. S. TREASURIES 3,747,887 24.57% NR 1.362 0.01%
MONEY MARKET MUTUAL FUNDS 415,360 2.72% 15.253.195 100.00% [LOCAL AGENCY INVESTMENT FUND 1.362 0.01%
15.253.195 100.00%
11 23696
00--M -UC-UU -094-0.
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL Page 1 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
MARKET VALUE SUMMARY
Current Period
03/01/24 to 03/31/24
Change: 87,679.00
Beginning Market Value $58,561,817.53 $70,000,000
Taxable Interest 72,456.75 $60,000,000
Change in Investment Value 15,222.25 $50,000,000
$40,000,000
Ending Market Value $58,649,496.53
$30,000,000
$20,000,000
$10,000,000
$O
Beginning Ending
MV MV
$58,561,817.53 $58,649,496.53
10 23696
00--M -UC-UU -094-0.
0220657-00-04007-0
usbank
CITY OF LAGUNA NIGUEL Page 2 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
ASSET SUMMARY
Current Period % of Estimated
Assets Market Value Total Annual Income
Cash & Equiv
Cash & Equivalents 5,522,423.03 9.40 286,351.78 $5,522,423.03 Taxable Bonds 53,127,073.50 90.60 1,502,850.00
Total Market Value $58,649,496.53 100.00 $1,789,201.78
Taxable Bonds
$53,127,073.50
Fixed Income Summary
Corporate Issues
$4,267,242.50
JS Government Issues
648.859,831.00
11 23696
00--M -UC-UU -094-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL Page 3 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 72,456.75
Total Current Period Income $72,456.75
12 23696
00--M -UC-UU -094-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL Page 4 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
CASH SUMMARY
Cash
Beginning Cash 03/01/2024 $0.00
Taxable Interest 72,456.75
Net Money Market Activity -71,672.16
Ending Cash 03/31/2024 $784.59
13 23696
00--M -UC-UU -094-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL Page 5 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
ASSET DETAIL
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Cash & Equivalents
Cash/Money Market
First American Treasury Oblig - 31846V542
Fd CIZ
#3678
5,521,638.440 1.0000 5,521,638.44 5,521,638.44 0.00 9.4 286,351.78 5.19 Total Cash/Money Market $5,521,638.44 $5,521,638.44 $0.00 9.4 $286,351.78 Cash
Principal Cash 784.59 784.59 0.0
Total Cash $784.59 $784.59 $0.00 0.0 $0.00
Total Cash & Equivalents $5,522,423.03 $5,522,423.03 $0.00 9.4 $286,351.78 Taxable Bonds
US Government Issues
H LM C - 3137EAEP
500 02/12/202
4,000,000.000 96.9110 @ 3,876,440.00 4,188,112.71 -311,672.71 6.6 60,000.00 1.55 Date Last Priced: 03/28/24
FHLMC MTN - 3134GV5R5
0.570 07/15/2024
1,000,000.000 98.6090 @ 986,090.00 1,000,000.00 -13,910.00 1.7 5,700.00 0.58 Date Last Priced: 03/28/24
N MA - 3135G05X*
.375 08/25/202
8,700,000.000 93.9330 @ 8,172,171.00 8,645,922.29 -473,751.29 13.9 32,625.00 0.40 14 Date Last Priced: 03/28/24
23696
20257-04007.0
usbank 124
CITY OF LAGUNA NIGUEL Page 6 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Federal Farm Credit Bks - 3133ENVD:
875 04/26/2021
4,000,000.000 95.4680 @ 3,818,720.00 3,995,360.00 -176,640.00 6.5 115,000.00 3.01 Date Last Priced: 03/28/24
Federal Farm Credit Bks - 3133EPW84
3.875 01/18/2029
2,500,000.000 98.2680 @ 2,456,700.00 2,493,800.00 -37,100.00 4.2 96,875.00 3.94 Date Last Priced: 03/28/24
Federal Farm Credit Bks - 3133ЕP3B9
4.125 02/13/2029
1,500,000.000 99.3910 @ 1,490,865.00 1,494,975.00 -4,110.00 2.5 61,875.00 4.15 Date Last Priced: 03/28/24
Federal Farm Credit Bks - 3133EPH81
4.500 10/04/2027
2,000,000.000 100.1250 @ 2,002,500.00 2,024,580.00 -22,080.00 3.4 90,000.00 4.49 Date Last Priced: 03/28/24
Federal Farm Credit Bks - 3133EPYW9
5.125 10/20/2025
1,000,000.000 100.4800 @ 1,004,800.00 999,000.00 5,800.00 1.7 51,250.00 5.10 Date Last Priced: 03/28/24
Federal Home Loan Bks - 3130AJTX7
0.720 07/21/2025
625,000.000 94.7660 @ 592,287.50 625,000.00 -32,712.50 1.0 4,500.00 0.76 Date Last Priced: 03/28/24
Federal Home Loan Bks - 3130AJTF6
0.740 07/14/2025
1,000,000.000 94.7380 @ 947,380.00 1,000,000.00 -52,620.00 1.6 7,400.00 0.78 Date Last Priced: 03/28/24
Federal Home Loan Bks - 3130AMFS6
0.750 06/12/2026
2,000,000.000 91.9420 @ 1,838,840.00 2,001,415.36 -162,575.36 3.1 15,000.00 0.82 Date Last Priced: 03/28/24
15 23696
0--M -UC-UU -094-0
0220657-00-04007-0
usbank
CITY OF LAGUNA NIGUEL Page 7 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Federal Home Loan Bks - 3130A8XY4
1.875 09/11/2026
4,500,000.000 93.7930 @ 4,220,685.00 4,665,690.00 -445,005.00 7.2 84,375.00 2.00 Date Last Priced: 03/28/24
Federal Home Loan Bks - 3130AWC24
4.000 06/09/2028
2,000,000.000 98.7740 @ 1,975,480.00 2,006,180.00 -30,700.00 3.4 80,000.00 4.05 Date Last Priced: 03/28/24
Federal Home Loan Bks - 3130AWLY4
5.125 06/13/2025
1,000,000.000 100.1710@ 1,001,710.00 1,004,010.00 -2,300.00 1.7 51,250.00 5.12 Date Last Priced: 03/28/24
U S Treasury Bond - 912810EV6
6.875 08/15/2025
2,000,000.000 102.9530@ 2,059,060.00 2,104,000.00 -44,940.00 3.5 137,500.00 6.68 Date Last Priced: 03/28/24
U S Treasury Note - 912828YH7
1.500 09/30/2024
1,500,000.000 98.1580 @ 1,472,370.00 1,463,062.50 9,307.50 2.5 22,500.00 1.53 Date Last Priced: 03/28/24
US Treasury Note - 91282CDL2
1.500 11/30/2028
1,750,000.000 88.4490 @ 1,547,857.50 1,571,710.00 -23,852.50 2.6 26,250.00 1.70 Date Last Priced: 03/28/24
U S Treasury Note - 9128283P3
2.250 12/31/2024
1,500,000.000 97.8890 @ 1,468,335.00 1,464,600.00 3,735.00 2.5 33,750.00 2.30 Date Last Priced: 03/28/24
U S Treasury Note - 9128284V9
2.875 08/15/2028
1,500,000.000 94.4300 @ 1,416,450.00 1,441,875.00 -25,425.00 2.4 43,125.00 3.04 Date Last Priced: 03/28/24
16 23696
00--M -UC-UU -094-04
0220657-00-04007-04
usbank
CITY OF LAGUNA NIGUEL Page 8 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield U S Treasury Note - 91282CHD6
4.250 05/31/2025
1,500,000.000 99.1800 @ 1,487,700.00 1,489,755.00 -2,055.00 2.5 63,750.00 4.28 Date Last Priced: 03/28/24
U S Treasury Note - 91282CJN2
4.375 11/30/2028
2,000,000.000 100.5270 @ 2,010,540.00 2,031,720.00 -21,180.00 3.4 87,500.00 4.35 Date Last Priced: 03/28/24
U S Treasury Note - 91282CFX4
4.500 11/30/2024
1,000,000.000 99.5200@ 995,200.00 992,812.50 2,387.50 1.7 45,000.00 4.52 Date Last Priced: 03/28/24
U S Treasury Note - 91282CJA0
4.625 09/30/2028
1,000,000.000 101.4410 @ 1,014,410.00 1,005,380.00 9,030.00 1.7 46,250.00 4.56 Date Last Priced: 03/28/24
U S Treasury Note - 91282CJK8
4.625 11/15/2026
1,000,000.000 100.3240 @ 1,003,240.00 1,008,640.00 -5,400.00 1.7 46,250.00 4.61 Date Last Priced: 03/28/24
Total US Government Issues $48,859,831.00 $50,717,600.36 -$1,857,769.36 83.3 $1,307,725.00 Corporate Issues
American Express Natt BK - 02589AF64
5.000 11/01/2028
250,000.000 102.8100 @ 257,025.00 250,000.00 7,025.00 0.4 12,500.00 4.86 Date Last Priced: 03/28/24
Bank Five Nine Oconomowoc Wis - 062119CD2
4.500 07/28/2028
250,000.000 100.6920 @ 251,730.00 17 250,000.00 1,730.00 0.4 11,250.00 4.47 Date Last Priced: 03/28/24
23696
usbank
CITY OF LAGUNA NIGUEL Page 9 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Bmw Bk North Amer Salt Lake City - 05580AY24
4.400 04/14/2028
250,000.000 100.1870 @ 250,467.50 249,875.00 592.50 0.4 11,000.00 4.39 Date Last Priced: 03/28/24
Cetic BK Sall Lake City Utah - 15118RM38
4.600 12/08/2027
250,000.000 100.5720 @ 251,430.00 250,000.00 1,430.00 0.4 11,500.00 4.57 Date Last Priced: 03/28/24
Centier Bk Whitting Ind - 15140RCY3
4.700 07/26/2027
250,000.000 100.4850@ 251,212.50 250,000.00 1,212.50 0.4 11.750.00 4.68 Date Last Priced: 03/28/24
Comenity Cap Bk Draper - 20033A4J2
4450 07126/2028
250,000.000 100.4810 @ 251,202.50 250,000.00 1,202.50 0.4 11,125.00 4.43 Date Last Priced: 03/28/24
Discover Bk Greenwood Del - 2546733V6
4.400 04117/2028
250,000.000 100.2190 @ 250,547.50 249,875.00 672.50 0.4 11,000.00 4.39 Date Last Priced: 03/28/24
First Natl Bk Amer East Lans - 32110YK46
4.300 12/28/2028
250,000.000 99.9830 @ 249,957.50 250,000.00 -42.50 0.4 10,750.00 4.30 Date Last Priced: 03/28/24
First Premier Bk Sioux Falls - 33610RVD2
4.550 12/10/2027
250,000.000 100.4060 @ 251,015.00 250,000.00 1,015.00 0.4 11,375.00 4.53 Date Last Priced: 03/28/24 18
23696
00.21 5-040004
usbank
CITY OF LAGUNA NIGUEL Page 10 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Medallion Bk Utah - 58404DTX9
4300 122212028
250,000.000 99.9680@ 249,920.00 250,000.00 -80.00 0.4 10,750.00 4.30 Date Last Priced: 03/28/24
Sallie Mae Bk Salt Lake City - 795451DH3
4.00 12132028
250,000.000 100.3550 @ 250,887.50 250,000.00 887.50 0.4 11,000.00 4.38 Date Last Priced: 03/28/24
Sofi Bk Natl Assn Cottonwood H - 83407DBP0
5.450 04/30/2025
250,000.000 100.3610 @ 250,902.50 250,000.00 902.50 0.4 13,625.00 5.43 Date Last Priced: 03/28/24
Spiritbank Tulsa Okla - 848608FB6
3.950 01/31/2029
250,000.000 98.4640 @ 246,160.00 250,000.00 -3,840.00 0.4 9,875.00 4.01 Date Last Priced: 03/28/24
State Bk India Chicago III - 8562834C7
4.600 08/02/2027
250,000.000 100.1970 @ 250,492.50 250,000.00 492.50 0.4 11,500.00 4.59 Date Last Priced: 03/28/24
Synchrony Bank CD - 87165E3V7
CD
5.000 11/03/2028
250,000.000 102.8140 @ 257,035.00 250,000.00 7,035.00 0.4 12,500.00 4.86 Date Last Priced: 03/28/24
Uinta Bk Mtn View - 903572GQ2
3.950 02/14/2029
250,000.000 98.4610 @ 246,152.50 250,000.00 -3,847.50 0.4 9,875.00 4.01 Date Last Priced: 03/28/24 19
23696
- -M -UC-UU - 094-
220657-00-04007-
usbank
CITY OF LAGUNA NIGUEL Page 11 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 ASSET DETAIL (continued)
Security Description Percent
Unrealized of Total Estimated Estimated
Shares/Face Amt Price Market Value Tax Cost Gain/Loss Portfolio Annual Income Current Yield Wells Fargo Bank Natl Assn - 949764GT5
5.500 04/2412025
250,000.000 100.4420 @ 251,105.00 250,000.00 1,105.00 0.4 13,750.00 5.48 Date Last Priced: 03/28/24
Total Corporate Issues $4,267,242.50 $4,249,750.00 $17,492.50 7.3 $195,125.00 Total Taxable Bonds $53,127,073.50 $54,967,350.36 -$1,840,276.86 90.6 $1,502,850.00 Total Assets $58,649,496.53 $60,489,773.39 -$1,840,276.86 100.0 $1,789,201.78 Estimated Current Yield 3.05
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be eflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown c ot necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generatio stimated Current Yield and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimate nay not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future @ No current price is available.
20 23696
00-15.00400-04
usbank
CITY OF LAGUNA NIGUEL Page 12 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 03/01/2024 $0.00 $60,417,316.64
03/01/24 Asset Income Interest Earned On 23,207.94
rst Am Treas Ob Fd Cl
terest From 2/1/24 To 2/29/2
03/08/24 Asset Income 913.70
Celic BE C D 4800% 1208727
0.003655 USD/$1 Pv On 250,000 Par Value Due 3/8/24
03/11/24 Asset Income Interest Earned On 42,187.50
F HL B Deb 1.875% 9/11/26
0.009375 USD/$1 Pv On 4,500,000 Par Value Due 3/11/24
03/14/24 Asset Income Interest Earned On 784.59
Uinta Bk Mtn C D 3.950% 2/14/29
0.003138 USD/$1 Pv On 250,000 Par Value Due 3/14/24
03/22/24 Asset Income Interest Earned On 854.11
Medallion Bk C D 4.300% 12/22/28
0.003416 USD/$1 Pv On 250,000 Par Value Due 3/22/24
03/25/24 Asset Income Interest Earned On 1,092.47
Wells Fargo C D 5.500% 4/24/25
0.00437 USD/$1 Pv On 250,000 Par Value Due 3/24/24
03/26/24 Asset Income Interest Earned On 883.90
Comenity Cap Bk C D 4.450% 7/26/28
0.003536 USD/$1 Pv On 250,000 Par Value Due 3/26/24
03/28/24 Asset Income Interest Earned On 893.84
Bank Five Nine C D 4.500% 7/28/28
0.003575 USD/$1 Pv On 250,000 Par Value Due 3/28/2
03/28/24 Asset Income Interest Earned On 854.11
First Natl Bk C D 4.300% 12/28/28
0.003416 USD/$1 Pv On 250,000 Par Value Due 3/28/24
03/29/24 Asset Income Interest Earned On 784.59
Spiritbank Tulsa C D 3.950% 1/31/29
0.003138 USD/$1 Pv On 250,000 Par Value Due 3/29/24
21 23696
- -M -UC-UU -094.
20657-00-04007
usbank
CITY OF LAGUNA NIGUEL Page 13 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
Purchase Gos An Treas 0 Fa Coze Period 8124-32312101 -71,672.16 71,672.16 Ending Balance 03/31/2024 $784.59 $60,488,988.80
22 23696
- -M -UC-UU - 094-
20657-00-04007.
usbank
CITY OF LAGUNA NIGUEL Page 14 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024
BOND SUMMARY
50% I
40%
30%
20%
10%
0%
2024 2025 2026 2027 2028 2029
Percentage of
Par Value Market Value Category
MATURITY
2024 5,000,000.00 4,921,995.00 9.27
2025 20,325,000.00 19,643,556.00 36.98
2026 7,500,000.00 7,062,765.00 13.30
2027 7,000,000.00 6,825,370.00 12.84
2028 10,500,000.00 10,233,510.00 19.26
2029 4,500,000.00 4,439,877.50 8.35
Total of Category $54,825,000.00 $53,127,073.50 100.00
MOODY'S RATING
Aaa 49,575,000.00 47,873,741.00 90.11
N/A 2,750,000.00 2,732,455.00 5.14
NOT RATED 2,500,000.00 2,520,877.50 4.75
Total of Category $54,825,000.00 $53,127,073.50 100.00
23 23696
- - M -UC-UU -094-1
220657-00-04007-
usbank
CITY OF LAGUNA NIGUEL Page 15 of 15
ACCOUNT NUMBER: 6736304200 March 1, 2024 to March 31, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
S&P RATING
AA+ 34,825,000.00 33,398,578.50 62.87
N/A 15,750,000.00 15,461,252.50 29.10
NOT RATED 4,250,000.00 4,267,242.50 8.03
Total of Category $54,825,000.00 $53,127,073.50 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds. 24 PUBLIC
AGENCY
RETIREMENT PARS
SERVICES
CITY OF LAGUNA NIGUEL Account Report for the Period
PARS Post-Employment Benefits Trust 3/1/2024 to 3/31/2024 Tamara Letourneau
City Manager
City of Laguna Niguel
30111 Crown Valley Parkway
Laguna Niguel, CA 92677
Account Summary
Balance as of Balance as of
Source 3/1/2024 Contributions Earnings Expenses Distributions Transfers 3/31/2024 PENSION $2,118,475,31 $0.00 $44,921.48 $1,032.60 $0.00 $0.00 $2,162,364.19 Totals S2,118,475.31 $0.00 $44,921.48 $1,032.60 S0.00 S0.00 S2,162,364.19 Investment Selection
Source
PENSION Moderately Conservative - Strategic Blend
Investment Objective
Source
The dual goals of the Moderately Conservative Strategy are current income and moderate capital apprecition. The major portion of the assets is PENSION committed to income-producing securities. Market fluctuations should be expected.
Investment Return
Annualized Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years Plan's Inception Date PENSION 2.12% 2.92% 10.26% 1.40% 5/26/2020
Information as provided by US Bank, Trustee for PARS: Not FDIC Insured; No Bank Guarantee May Lose Value Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns Information is deemed reliable but may be subject to change Investment Return: Annualized rate of retum is the retum on an investment over a period other than one year multiplied or divided to give a comparable one-year return Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800 540 6369 Fax 949. 250 1250| www.pars.org 25 CaPERS ER Cont 1651
City of Laguna Niguel usbank.
SinglePoint
Reported as of 05/01/202
Printed on 05/01/2024 at 12:13 PM PD*
Batch Name ACH Company ID/Settlement Account Company Entry Description Company Name SEC Code CaPERS ER Cont 1651 2330220695/163800505907 3100 CITY OF LAGUNA N CTX Discretionary Data Default Transaction Type U.S. Bank Accounts Only Hold Zero Amount Transactions Ali ationiyer Email Credit No No No
Effective Date Number of Transactions Total Dollar Amount of Batch Confidential 05/03/2024 1 $12,564.56 No
Micro Entry
No
Transactions
ompan uning & Transit Bank Name Receiver .S. Ban Account Type Amount Discretionary Email Address lame/Numbe Receiver ID Accoun CCOUl Data
CALPERS 2367714625 122000496 UNION BANK 0050206971 Yes Checking $12,564.56 Hold / Prenote Lock Free-Form Addenda (Only the first 10 lInes are shown. Total addenda lines = 10) None No Yes
10) A
Reported as of 05/01/2024 Page 1 of 1 Printed on 05/01/2024 at 12:13 PM PDT