Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $32,439,267
City of Lancaster Account 0.00% $32,439,267
U S Bank - Safekeeping (Insight) $37,332,156
US Treasury Notes 3.13% $18,406,099
Federal Government Agencies 1.55% $8,703,486
Corporate Securities 3.03% $7,437,818
Short Term Bills and Notes 0.00% $0
Municipal/Provincial Bonds 0.46% $2,701,452
Cash & Equivalents 0.00% $83,301
Chase Bank $153,369
Certificate of Deposit 0.01% $153,369
California Class $42,809,089
City of Lancaster 5.44% $41,203,831
City of Lancaster-Enhanced Cash 4.15% $1,605,257
Local Agency Investment Fund (L.A.I.F.) 4.12% $13,198,219 $13,198,219 Total City of Lancaster $125,932,100
Successor Agency for the Lancaster Redevelopment Agency California Class $16,549,710
Successor Agency 5.44% $10,731,191
Successor Agency-Enhanced Cash 4.15% $5,818,518
Local Agency Investment Fund (L.A.I.F.) 4.12% $452,539 $452,539 Total Successor Agency for the Lancaster Redevelopment Agency $17,002,249 Total Pooled Portfolio $142,934,348
Weighted Average 3.033%
Restricted Cash/Investments Held in Trust
River City Bank $21,214,257
City of Lancaster ICS Sweep Account 4.04% 15,474,422
Lancaster Choice Energy LockBox Account 0.00% $5,739,835 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 $17,535,377
LRA Combined 2004 Sheriff Facilities Project Refunding Bonds 5.19% $1, 836,024 LPA Solar Renewable Energy Issue of 2021 4.78% $4,036
SA Combined Project Areas Refunding Bonds 2015A & B 5.19% $4,727 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 5.19% $6,219 SA Combined Project Areas Refunding Bonds 2016B 4.33% $2,169 LFA 2016 Assessment Revenue Bonds (Streetlights Acquisition) 5.19% $171,410 SA 2017 Tax Allocation Revenue Bonds (TARB) 5.19% $2,817 LFA LRB 2018 Construction and Improvements 5.19% $2,564,000 LFA LRB 2019 Street Improvements 5.19% $12,943,976
Total Restricted Cash/Investments Held in Trust (note 4) $51,789,634 Cal Choice Energy Authority (CCEA)
Interest Rate Amount Total
JP Morgan/Chase $1,529,962
CCEA 1.65% $1,529,962
River City Bank $4,441,856
CCEA Cash Collateral Account 4.04% $2,115,473
CCEA Operating Account 0.00% $2,326,383
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
February 2024
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
February 2024
(1) This is the actual City bank account balance as of 02/29/2024. It only reflects checks that have been presented for payment and deposits received by the bank.
The balance on deposit per the City books would reflect reductions for all checks and warrants issued and all deposits transmitted.
(2) This is the safekeeping account utilized for investing City funds pursuant to and consistent with the investment policy adopted on 02/13/2018. The current portfolio consists of treasury notes, government agencies, corporates, and CDs. (3) Pooled Portfolio:
% of Portfolio Policy Limit
Cash 23.72% None
CDs
0.11% 25% of total portfolio
Commercial Paper 0.00% 25% of total portfolio
US Treasury 13.42% None
Federal Securities
6.35% None
Corporate Securities 5.42% 30% of total portfolio
Municipal/Provincial 1.97% None
California CLASS 39.05% None
LAIF 9.96% None
(4) These are restricted cash and investments are held in trust by the banks indicated.
These amounts cannot be pooled for other investments.
Historical Cost Amortized Cost Fair Value
Unrealized Gain
(Loss)
Average Effective
Maturity (Days)
% Portfolio/
Segment
Average Market
Duration (Years)
Cash and Equivalents $105,685,493 $105,685,493 $105,685,493 $0 1 73.94% 0.00 Corporate Bonds $7,437,818 $7,321,471 $7,173,850 ($147,622) 436 5.20% 1.13 Government Agencies $8,703,486 $8,672,720 $8,474,022 ($198,699) 436 6.09% 1.14 Government Bonds $18,406,099 $18,440,701 $18,193,129 ($247,572) 891 12.88% 2.26 Short Term Bills and Notes $0 $0 $0 $0 0 0.00% 0.00
Municipal/Provincial Bonds $2,701,452 $2,700,100 $2,655,280 ($44,820) 127 1.89% 0.34 $142,934,348 $142,820,486 $142,181,773 ($638,713) 637 100.00% 1.63 Recap of Securities Held
February 2024
City of Lancaster
73.94%
5.20%
6.09%
12.88%
0.00%
1.89%
Portfolio Diversification
Cash and Equivalents
Corporate Bonds
Government Agencies
Government Bonds
Short Term Bills and Notes
Municipal/Provincial Bonds
City of Lancaster
Maturity Distribution
February 2024
Maturity Historical Cost Percent
Under 90 Days $109,320,967 76.48%
90 to 179 Days 90 180 $3,801,452 2.66%
180 Days to 1 Year 180 365 $5,377,611 3.76%
1 to 2 Years 365 730 $11,790,446 8.25%
2 to 3 Years 730 1095 $5,934,986 4.15%
3 to 4 Years 1095 1460 $4,739,426 3.32%
4 to 5 Years 1460 1825 $1,969,460 1.38%
Over 5 Years $0 0.00%
$142,934,348 100.00%
$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