Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $34,698,319
City of Lancaster Account 0.00% $34,698,319
U S Bank - Safekeeping (Insight) $39,652,086
US Treasury Notes 3.03% $16,937,029
Federal Government Agencies 1.55% $8,703,486
Corporate Securities 3.00% $8,948,530
Short Term Bills and Notes 0.00% $0
Municipal/Provincial Bonds 0.46% $2,701,452
Cash & Equivalents 0.00% $2,361,589
Chase Bank $153,369
Certificate of Deposi
t 0.01% $153,369
California Class $46,103,413
City of Lancaster 5.50% $46,103,413
Local Agency Investment Fund (L.A.I.F.) 4.01% $13,198,219 $13,198,219 Total City of Lancaster $133,805,406
Successor Agency for the Lancaster Redevelopment Agency California CLASS 5.50% $10,707,974 $10,707,974
Local Agency Investment Fund (L.A.I.F.) 4.01% $452,539 $452,539 Total Successor Agency for the Lancaster Redevelopment Agency $11,160,513 Total Pooled Portfolio $144,965,919
Weighted Average 3.173%
Restricted Cash/Investments Held in Trust
River City Bank $18,874,884
City of Lancaster ICS Sweep Account 3.49% 12,683,227
Lancaster Choice Energy LockBox Account 0.00% $6,191,657 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 $40,242,413
LRA Combined 2004 Fire Protection Facilities Project Bonds 0.00% $0 LRA Combined 2004 Sheriff Facilities Project Refunding Bonds 5.26% $1, 827,930 LPA Solar Renewable Energy Issue of 2021 0.01% $1,933,544 SA Combined Project Areas Refunding Bonds 2015A & B 1.06% $1,669,009 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 0.78% $5,497,692 SA Combined Project Areas Refunding Bonds 2016B 4.33% $2,256,867 LFA 2016 Assessment Revenue Bonds (Streetlights Acquisition) 0.01% $987,192 SA 2017 Tax Allocation Revenue Bonds (TARB) 0.00% $6,566,487 LFA LRB 2018 Construction and Improvements 3.25% $3,405,977 LFA LRB 2019 Street Improvements 4.21% $16,097,714
Total Restricted Cash/Investments Held in Trust (note 4) $72,157,297 Cal Choice Energy Authority (CCEA)
Interest Rate Amount Total
JP Morgan/Chase $1,527,959
CCEA 1.65% $1,527,959
River City Bank $4,016,353
CCEA Cash Collateral Account 3.53% $2,089,033
CCEA Operating Account 0.00% $1,927,320
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
January 2024
Historical Cost Amortized Cost Fair Value
Unrealized Gain
(Loss)
Average Effective
Maturity (Days)
% Portfolio/
Segment
Average Market
Duration (Years)
Cash and Equivalents $107,675,422 $107,675,422 $107,675,422 $0 1 74.28% 0.00 Corporate Bonds $8,948,530 $8,723,512 $8,593,734 ($129,778) 388 6.17% 1.00 Government Agencies $8,703,486 $8,671,616 $8,491,012 ($180,604) 465 6.00% 1.22 Government Bonds $16,937,029 $16,966,454 $16,879,522 ($86,932) 936 11.68% 2.37 Short Term Bills and Notes $0 $0 $0 $0 0 0.00% 0.00
Municipal/Provincial Bonds $2,701,452 $2,700,133 $2,645,417 ($54,717) 156 1.86% 0.42 $144,965,919 $144,737,137 $144,285,106 ($452,030) 600 100.00% 1.54 Recap of Securities Held
January 2024
City of Lancaster
74.28%
6.17%
6.00%
11.68%
0.00%
1.86%
Portfolio Diversification
Cash and Equivalents
Corporate Bonds
Government Agencies
Government Bonds
Short Term Bills and Notes
Municipal/Provincial Bonds
City of Lancaster
Maturity Distribution
January 2024
Maturity Historical Cost Percent
Under 90 Days $110,772,679 76.41%
90 to 179 Days 90 180 $3,250,382 2.24%
180 Days to 1 Year 180 365 $7,977,611 5.50%
1 to 2 Years 365 730 $9,327,296 6.43%
2 to 3 Years 730 1095 $5,815,265 4.01%
3 to 4 Years 1095 1460 $4,814,989 3.32%
4 to 5 Years 1460 1825 $3,007,698 2.07%
Over 5 Years $0 0.00%
$144,965,919 100.00%
$0
$20
$40
$60
$80
$100
$120
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