Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $14,563,660.31
City of Lancaster Account 0.00% $14,563,660.31
U S Bank - Safekeeping (Insight) $37,380,807.52
US Treasury Notes 3.24% $18,344,813.77
Federal Government Agencies 1.91% $9,760,796.19
Corporate Securities 3.00% $6,550,671.00
Short Term Bills and Notes 0.00% $0.00
Municipal/Provincial Bonds 0.46% $2,701,452.00
Cash & Equivalents 0.00% $23,074.56
Chase Bank $153,368.74
Certificate of Deposit 0.01% $153,368.74
California Class $49,039,491.13
City of Lancaster 5.40% $41,548,084.64
City of Lancaster-Enhanced Cash 5.41% $7,491,406.49
Local Agency Investment Fund (L.A.I.F.) 4.30% $11,314,552.34 $11,314,552.34 Total City of Lancaster $112,451,880.04
Successor Agency for the Lancaster Redevelopment Agency California Class $10,828,207.26
Successor Agency 5.40% $10,828,207.26
Local Agency Investment Fund (L.A.I.F.) 4.30% $457,374.08 $457,374.08 Total Successor Agency for the Lancaster Redevelopment Agency $11,285,581.34 Total Pooled Portfolio $123,737,461.38
Weighted Average 3.495%
Restricted Cash/Investments Held in Trust
River City Bank $18,337,258.29
City of Lancaster ICS Sweep Account 4.26% $12,625,554.95 Lancaster Choice Energy LockBox Account 0.00% $5,711,703.34 The Bank of New York Mellon Trust Company, N.A. $13,040,000.00 LRA & LA County Escrow Account - Government Bonds 0.00% $13,040,000.00 US Bank $16,421,012.50
LPA Solar Renewable Energy Issue of 2021 4.78% $188,441.59 SA Combined Project Areas Refunding Bonds 2015A & B 5.19% $4,766.83 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 5.19% $6,272.12 SA Combined Project Areas Refunding Bonds 2016B 4.33% $2,187.31 LFA 2016 Assessment Revenue Bonds (Streetlights Acquisition) 5.18% $475.67 SA 2017 Tax Allocation Revenue Bonds (TARB) 5.19% $2,840.93 LFA LRB 2018 Construction and Improvements 5.19% $3,161,553.77 LFA LRB 2019 Street Improvements 5.19% $13,054,474.28
Total Restricted Cash/Investments Held in Trust (note 4) $47,798,270.79 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
April 2024
ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
April 2024
(1) This is the actual City bank account balance as of 04/30/2024. 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 11.79% None
CDs 0.12% 25% of total portfolio
Commercial Paper 0.00% 25% of total portfolio
US Treasury 14.83% None
Federal Securities 7.89% None
Corporate Securities 5.29% 30% of total portfolio
Municipal/Provincial 2.18% None
California CLASS 48.38% None
LAIF 9.51% 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)
Weighted
Average Effective
% Portfolio/
Segment
Weighted
Average Market
Cash and Equivalents $86,379,728 $86,379,728 $86,379,728 $0 1 69.81% 0.00 Corporate Bonds $6,550,671 $6,519,200 $6,362,284 ($156,916) 545 5.29% 1.40 Government Agencies $9,760,796 $9,732,247 $9,547,833 ($184,414) 413 7.89% 1.06 Government Bonds $18,344,814 $18,440,584 $18,047,237 ($393,348) 852 14.83% 216.00 Short Term Bills and Notes $0 $0 $0 $0 0 0.00% 0.00
Municipal/Provincial Bonds $2,701,452 $2,700,034 $2,677,053 ($22,981) 66 2.18% 0.18 $123,737,461 $123,771,794 $123,014,135 ($757,659) 626 100.00% 1.60 City of Lancaster Recap
of Securities Held
April 2024
69.81%5.29%
7.89%
14.83%
0.00%
2.18%
Portfolio Diversification
Cash and Equivalents
Corporate Bonds
Government Agencies
Government Bonds
Short Term Bills and Notes
Municipal/Provincial Bonds
City of Lancaster
Maturity Distribution
April 2024
Maturity Historical Cost Percent
Under 90 Days $88,580,930 71.59%
March 2024 90 180 $3,631,914 2.94%
180 Days to 1 Year 180 365 $5,492,238 4.44%
1 to 2 Years 365 730 $13,768,541 11.13%
2 to 3 Years 730 1095 $5,554,952 4.49%
3 to 4 Years 1095 1460 $5,722,633 4.62%
4 to 5 Years 1460 1825 $986,253 0.80%
Over 5 Years $0 0.00%
$123,737,461 100.00%
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Under 90 Days March 2024 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