ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
June 2024
Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $34,741,486.96
City of Lancaster Account 0.00% $34,741,486.96
US Bank - Safekeeping (Insight) $37,464,123.10
US Treasury Notes 3.32% $19,364,543.68
Federal Government Agencies 2.33% S9,754,016.19
Corporate Securities 3.00% S6,550,671.00
Short Term Bills and Notes 0.00% $238,736.28
Municipal/Provincial Bonds 0.51% $1,500,000.00
Cash & Equivalents 0.00% $56,155.95
Chase Bank S153,368.74
Certificate of Deposit 0.01% $153,368.74
California Class $49,481,585.44
City of Lancaster 5.39% S41,922,619.79
City of Lancaster-Enhanced Cash 5.39% $7,558,965.65
Local Agency Investment Fund (L.A.I.F.) 4.30% $11,314,552.34 $11,314,552.34 Total City of Lancaster $133,155,116.58
Successor Agency for the Lancaster Redevelopment Agenev California Class $10,925,818.12
Successor Agency 5.39% $10,925,818.12
Local Agency Investment Fund (L.A.I.F.) 4.30% $457,374.08 $457,374.08 Total Successor Agency for the Lancaster Redevelopment Agency $11,383,192.20 otal Pooled Portfoli 5144.538.308.78
eighted Averag 3.066%
Restricted Cash/Investments Held in Trust
$13,606,515.17
City of Lancaster ICS Sweep Account 4.34% $12,315,694.95 Lancaster Choice Energy LockBox Account 0.00% S1,290.820.22 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 $15,793,776.24
LPA Solar Renewable Energy Issue of 2021 $572.38
SA Combined Project Areas Refunding Bonds 2015A & B $4,808.17 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 5.20% $6,326.53 SA Combined Project Areas Refunding Bonds 2016B 4.33% $2,206.29 LFA 2016 Assessment Revenue Bonds (Streetlights Acquisition) SA 2017 Tax Allocation Revenue Bonds (TARB) $2,865.56
LFA LRB 2018 Construction and Improvements 5.20% $2,608,217.08 LFA LRB 2019 Street Improvements 5.19% $13,168,300.44
Total Restricted Cash/Investments Held in Trust (note 4) $42,440,291.41 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
City of Lancaster
Recap of Securities Held
June 2024
Unrealized Gain Weighted % Portfolio/ Weighted
Historical Cost : Amortized Cost Fair Value (Loss) Average Effective Segment Average Market Cash and Equivalents $107,130,342 $107,130,342 $107,130,342 SO 1 74.12% 0.00 Corporate Bonds $6,550,671 $6,520,106 $6,399,846 ($120,260) 486 4.53% 1.24 Government Agencies $9,754,016 $9,727,797 $9,608,643 ($119,153) 502 6.75% 1.28 Government Bonds $19,364,544 $19,475,528 $19,223,992 ($251,536) 835 13.40% 2.11 Municipal/Provincial Bonds $1,500,000 $1,500,000 $1,493,913 ($6,087) 34 1.04% 0.09 Short Term Bills and Notes $238,736 $239,716 $239,721 $6 11 0.17% 0.03 $144,538,309 $144,593,488 $144,096,457 ($497,031) 649 100.00% 1.65 Portfolio Diversification
• Cash and Equivalents
• Corporate Bonds
1.04%
• Government Agencies
13.40% 0.17%
• Government Bonds
•Municipal/Provincial Bonds
6.75%
• Short Term Bills and Notes
4.53%
74.12%
City of Lancaster
Maturity Distribution
June 2024
Maturity Historical Cost Percent
Under 90 Days S109,969,078 76.08%
March 2024 $2,131,804 1.47%
180 Days to 1 Year $6,397,632 4.43%
1 to 2 Years $12,961,382 8.97%
2 to 3 Years $4,356,827 3.01%
3 to 4 Years $6,715,603 4.65%
4 to 5 Years $2,005,983 1.39%
Over 5 Years $0 0.00%
$144,538,309 100.00%
(Millions) Maturity Distribution
$120
$100
$80
Historical Cost $60
$40
$20
SO
Under 90 Days March 2024 180 Days to 1 1 to 2 Years 2 to 3 Years
ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
June 2024
(1) This is the actual City bank account balance as of 06/30/2024. 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 24.08% None
CDs 0.11% 25% of total portfolio
Commercial Paper 0.17% 25% of total portfolio
US Treasury 13.40% None
Federal Securities 6.75% None
Corporate Securities 4.53% 30% of total portfolio
Municipal/Provincial 1.04% None
California CLASS 41.79% None
LAIF 8.14% None
(4) These are restricted cash and investments are held in trust by the banks indicated.
These amounts cannot be pooled for other investments.