Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $21,276,500
City of Lancaster Account 0.00% $21,276,500
U S Bank - Safekeeping $43,039,228
US Treasury Notes 3.02% $18,105,930
Federal Government Agencies 2.17% $10,872,956
Corporate Securities 3.07% $10,004,080
Short Term Bills and Notes 0.00% $0
Municipal/Provincial Bonds 0.46% $2,701,452
Cash & Equivalents 0.00% $1,354,809
Chase Bank $153,369
Certificate of Deposit 0.01% $153,369
California Class $31,984,641
City of Lancaster 5.51% $31,984,641
Local Agency Investment Fund (L.A.I.F.) 3.59% $13,067,034 $13,067,034 Total City of Lancaster $109,520,772
Successor Agency for the Lancaster Redevelopment Agency California CLASS 5.51% $20,559,531 $20,559,531
Local Agency Investment Fund (L.A.I.F.) 3.59% $448,038 $448,038 Total Successor Agency for the Lancaster Redevelopment Agency $21,007,569 Total Pooled Portfolio $130,528,341
Weighted Average 3.435%
Restricted Cash/Investments Held in Trust
River City Bank $12,994,978
City of Lancaster ICS Sweep Account 3.49% 8,930,461
Lancaster Choice Energy LockBox Account 0.00% $4,064,517 The Bank of New York Mellon Trust Company, N.A. $13,040,000 LRA & LA County Escrow Account - Government Bonds 0.00% $13,040,000 US Bank $39,787,225
LRA Combined 2004 Fire Protection Facilities Project Bonds 4.33% $1, 641,682 LRA Combined 2004 Sheriff Facilities Project Refunding Bonds 4.33% $1,862,604 LPA Solar Renewable Energy Issue of 2021 1.32% $2,906,518 SA Combined Project Areas Refunding Bonds 2015A & B 0.04% $1,344,484 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 0.01% $4,697,324 SA Combined Project Areas Refunding Bonds 2016B 4.33% $1,252,148 LFA 2016 Assessment Revenue Bonds (Streetlights Acquisition) 0.01% $987,161 SA 2017 Tax Allocation Revenue Bonds (TARB) 0.00% $5,523,676 LFA LRB 2018 Construction and Improvements 3.32% $3,644,632 LFA LRB 2019 Street Improvements 3.46% $15,926,996
Total Restricted Cash/Investments Held in Trust (note 4) $65,822,203 Cal Choice Energy Authority (CCEA)
Interest Rate Amount Total
JP Morgan/Chase $1,521,623
CCEA 1.65% $1,521,623
River City Bank $4,552,635
CCEA Cash Collateral Account 3.53% $2,089,033
CCEA Operating Account 0.00% $2,463,602
All investments are authorized pursuant to and consistent with the investment policy of the City of Lancaster. Policy adopted 02/13/18 under resolution number 18-06.
George N. Harris II
Finance Director
ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
October 2023
Historical Cost Amortized Cost Fair Value
Unrealized Gain
(Loss)
Average Effective
Maturity (Days)
% Portfolio/
Segment
Average Market
Duration (Years)
Cash and Equivalents $88,843,922 $88,843,922 $88,843,922 $0 1 68.06% 0.00 Corporate Bonds $10,004,080 $9,734,441 $9,456,530 ($277,911) 431 7.66% 1.11 Government Agencies $10,872,956 $10,768,408 $10,422,872 ($345,536) 597 8.33% 1.29 Government Bonds $18,105,930 $18,075,925 $17,574,595 ($501,330) 963 13.87% 2.42 Short Term Bills and Notes $0 $0 $0 $0 0 0.00% 0.00
Municipal/Provincial Bonds $2,701,452 $2,700,232 $2,609,925 ($90,307) 248 2.07% 0.66 $130,528,341 $130,122,928 $128,907,844 ($1,215,084) 672 100.00% 1.64 Recap of Securities Held
October 2023
City of Lancaster
68.06%7.66%
8.33%
13.87%
0.00%
2.07%
Portfolio Diversification
Cash and Equivalents
Corporate Bonds
Government Agencies
Government Bonds
Short Term Bills and Notes
Municipal/Provincial Bonds
City of Lancaster
Maturity Distribution
October 2023
Maturity Historical Cost Percent
Under 90 Days $92,037,844 70.51%
90 to 179 Days 90 180 $3,097,257 2.37%
180 Days to 1 Year 180 365 $6,882,296 5.27%
1 to 2 Years 365 730 $10,850,733 8.31%
2 to 3 Years 730 1095 $7,718,736 5.91%
3 to 4 Years 1095 1460 $5,941,626 4.55%
4 to 5 Years 1460 1825 $3,999,850 3.06%
Over 5 Years $0 0.00%
$130,528,341 100.00%
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Under 90
Days
90 to 179
Days
180 Days to 1
Year
1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Years Over 5 Years Historical Cost
(Millions) Maturity Distribution