ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
October 2024
Interest Rate Amount Total
Pooled Cash/Investments
City of Lancaster
Wells Fargo Bank $14,501,249.15
City of Lancaster Account 0.00% $14,501,249.15
US Bank - Safekeeping (Insight) S37,864,611.35
US Treasury Notes 3.42% S18,332,629.62
Federal Government Agencies 2.65% $10,551,916.19
Corporate Securities 3.28% $7,676,495.00
Short Term Bills and Notes 0.00% $0.00
Municipal/Provincial Bonds 0.00% S1,166,066.00
Cash & Equivalents 0.00% $137,504.54
Chase Bank $153,368.74
Certificate of Deposit 0.01% $153,368.74
California Class $50,364,191.03
City of Lancaster 5.00% S42,670,416.33
City of Lancaster-Enhanced Cash 4.99% S7,693.774.70
Local Agency Investment Fund (L.A.I.F.) 4.52% $1,543,049.78 $1,543,049.78 Total City of Lancaster $104,426,470.05
Successor Agency for the Lancaster Redevelopment Agency California Class $11,120,707.88
Successor Agency 5.00% $11,120,707.88
›cal Agency Investment Fund (L.A.I.F 4.52% S468,019.79 $468,019.79 otal Successor Agency for the Lancaster Redevelopment Agen S11,588,727.67 Total Pooled Portfolio S116,015,197.72
Weighted Average 3.397%
Restricted Cash/Investments Held in Trust
River City Bank $16,051,306.03
City of Lancaster ICS Sweep Account 4.69% $11,842,145.24 Lancaster Choice Energy LockBox Account 0.00% $4,209,160.79 The Bank of New York Mellon Trust Company, N.A. S13,040,000.00 LRA & LA County Escrow Account - Government Bonds 0.00% S13,040,000.00 S72,413,731.00
LPA Solar Renewable Energy Issue of 2021 4.32% $1,020,023.74 SA Combined Project Areas Refunding Bonds 2015A & B 4.74% $8,220.16 SA Combined Project Areas Refunding Bonds 2016 A-1 & A-2 4.74% $16,184.51 SA Combined Project Areas Refunding Bonds 2016B 4.33% $1,475.15 LEA 2016 Assessment Revenue Bonds (Streetlights Acquisition) 4.73% $2,313.03 SA 2017 Tax Allocation Revenue Bonds (TARB) 4.74% $10,020.59 LFA LRB 2018 Construction and Improvements 4.74% $2,916,368.05 LFA LRB 2019 Street Improvements 4.21% $8,256,385.09
LFA LRB 2024A & B Stadium Project 23.92% S60,182,740.68 Total Restricted Cash/Investments Held in Trust (note 4) S101.5005,037.03 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
October 2024
Unrealized Gain Weighted % Portfolio/ Weighted
Historical Cost : Amortized Cost Fair Value (Loss) Average Segment Average Market Cash and Equivalents $78,288,091 $78,288,091 $78,288,091 $0 1 67.48% 0.00 Corporate Bonds $7,676,495 $7,647,064 $7,616,487 ($30,577) 403 6.62% 1.03 Government Agencies $10,551,916 $10,539,130 $10,544,386 $5,256 542 9.10% 1.26 Government Bonds $18,332,630 $18,506,667 $18,455,480 ($51,187) 752 15.80% 1.92 Municipal/Provincial Bonds $1,166,066 $0 $0 $0 1.01% 0.00 Short Term Bills and Notes $0 $1,164,764 $1,135,247 ($29,517) 1,766 0.00% 4.23 $116,015,198 $116,145,715 $116,039,691 ($106,025) 651 100.00% 1.62 Portfolio Diversification
• Cash and Equivalents
• Corporate Bonds
1.01%
• Government Agencies
15.80% 0.00%
• Government Bonds
• Municipal/Provincial Bonds
9.10% • Short Term Bills and Notes
67.48%
6.62%
City of Lancaster
Maturity Distribution
October 2024
Maturity Historical Cost Percent
Under 90 Days $82,633,788 71.23%
March 2024 $1,146,541 0.99%
180 Days to 1 Year $7,346,239 6.33%
1 to 2 Years $11,370,940 9.80%
2 to 3 Years $6,339,074 5.46%
3 to 4 Years $4,992,820 4.30%
4 to 5 Years $2,185,796 1.88%
Over 5 Years SO 0.00%
S116,015,198 100.00%
Maturity Distribution
(Millions)
$90
$80
$70
$60
$50
Historical Cost
$40
$30
$20
$10
SO
Under 90 Days March 2024 180 Days to 1 1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Years Over 5 Years
ATTACHMENT A
CITY OF LANCASTER
MONTHLY REPORT OF INVESTMENTS
October 2024
(1) This is the actual City bank account balance as of 10/31/2024. 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 12.62% None
CDs 0.13% 25% of total portfolio
Commercial Paper 0.00% 25% of total portfolio
US Treasury 15.80% None
Federal Securities 9.10% None
Corporate Securities 6.62% 30% of total portfolio
Municipal/Provincial 1.01% None
California CLASS 53.00% None
LAIF 1.73% None
(4) These are restricted cash and investments are held in trust by the banks indicated.
These amounts cannot be pooled for other investments.