ATTACHMENT 1
CASH AND INVESTMENT REPORT
CITY OF RIVERSIDE
Quarterly Investment Report
December 31, 2022
AMORTIZED MARKET
COST VALUE
POOLED INVESTMENT PORTFOLIO
Deposit Accounts 100,333,276.85$ 100,333,276.85$
Joint Powers Authority Pool 133,747,280.60 133,747,280.60 Commerical Paper 5,432,977.78 5,471,105.56
Medium Term Notes 170,415,892.13 158,854,324.94 U.S. Govt Agency Mortgage Backed Securities 24,599,953.99 23,245,317.70 Asset Backed Securities 82,314,917.11 80,268,772.96 Supranational Securities 37,090,512.00 33,837,311.08 U.S. Govt Agency Securities 113,891,836.54 106,920,916.50 U.S. Treasury Notes/Bonds 275,368,290.04 266,318,899.36 TOTAL POOLED INVESTMENT PORTFOLIO 943,194,937.04 908,997,205.55
INVESTMENTS HELD BY FISCAL AGENT -
SECTION 115 PENSION TRUST FUND 20,247,991.90 19,378,380.39 OTHER INVESTMENTS HELD BY FISCAL AGENT 128,203,579.79 125,762,122.71 OTHER MISCELLANEOUS CASH 3,856,861.53 3,856,861.53 TOTAL CASH & INVESTMENTS 1,095,503,370.26$ 1,057,994,570.18$ Verified by:
Nancy Garcia, Controller
Approved by:
Edward P. Enriquez, Chief Financial Officer/Treasurer
It has been verified that this investment portfolio is in conformity, exclusive of items identified, with the City of Riverside's investment policy which was approved by City Council on 3/11/2020. The Treasurer's cash management program and cash flow analysis indicates that sufficient liquidity is on hand to meet estimated future expenditures for a period of six months. The weighted average maturity of the City's investment portfolio is 1.63 years. Market prices of securities are obtained from Interactive Data Corporation. Weighted average yield on cost for the City's investment portfolio is 2.18%. The cash held and invested with fiscal agents is subject to the investment provisions of the related trust indentures associated with the bond transaction which generated the cash.
29%
17%15%
12%
11%
9%
4% 2% 1%
COMPOSITION OF POOLED
PORTFOLIO
U.S. Treasury Notes/Bonds (29.30%)
Medium Term Notes (17.48%)
Joint Powers Authority Pool (14.71%)
U.S. Govt Agency Securities (11.76%)
Deposit Accounts (11.04%)
Asset Backed Securities (8.83%)
Supranational Securities (3.72%)
U.S. Govt Agency Mortgate Backed (2.56%)
Certificates of Deposit (0.60%)
$328,583
$242,212
$111,349
$92,733
$67,856 $66,264
COMPOSITION OF POOLED
PORTFOLIO BY FUND
Electric Fund (36.15%)
All Other Funds (26.65%)
Sewer Fund (12.25%)
General Fund (10.20%)
Grants & Restricted Prgms (7.46%)
Measure Z Fund (7.29%)
DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
DEPOSIT ACCOUNTS
Bank of America Checking and Reserve N/A Varies NR Varies 87,530,134.42 87,530,134.42 Federated Investors Federated Treasury N/A Varies AAA Varies 12,803,142.43 12,803,142.43 SUBTOTAL DEPOSIT ACCOUNTS 100,333,276.85 100,333,276.85
JOINT POWERS AUTHORITY POOL
California Asset Management Program (CAMP) N/A Varies AAA Varies 133,747,280.60 133,747,280.60 SUBTOTAL JOINT POWERS AUTHORITY POOL 133,747,280.60 133,747,280.60
COMMERCIAL PAPER
Bank of Montreal 4.200 01/18/23 A-1 11/16/22 1,488,975.00 1,497,025.00 MUFG Bank Ltd/NY 4.450 01/30/23 A-1 10/31/22 1,977,502.78 1,992,830.56 BofA Securities 4.500 03/17/23 A-1 11/03/22 1,966,500.00 1,981,250.00 SUBTOTAL COMMERCIAL PAPER 5,432,977.78 5,471,105.56
MEDIUM TERM NOTES
Qualcomm Inc 2.600 01/30/23 A 11/03/22 995,570.00 1,009,295.96 Pepsico Inc. 2.750 03/01/23 A+ 11/04/22 1,640,331.00 1,661,095.44 Berkshire Hathaway 2.750 03/15/23 AA 11/01/22 1,043,038.50 1,054,006.17 Toyota Motor Credit Corp 3.450 09/20/23 A+ 02/19/19 2,470,070.70 2,426,158.58 Charles Schwab Corp 0.750 03/18/24 A 03/16/21 1,954,022.50 1,862,774.52 Amazon.com Inc 0.450 05/12/24 AA 05/10/21 3,649,663.70 3,446,154.95 John Deere Capital Corp 0.450 06/07/24 A 06/07/21 2,077,400.00 1,956,227.04 Salesforce.com Inc 0.625 07/15/24 A+ 06/29/21 1,064,456.85 1,002,474.81 Royal Bank of Canada 2.250 11/01/24 A 02/06/20 3,037,950.00 2,872,383.15 John Deere Capital Corp 2.050 01/09/25 A 02/06/20 3,024,810.00 2,878,748.62 American Honda Finance 1.500 01/13/25 A- Various 4,483,050.30 4,242,229.11 Toyota Motor Credit Corp 1.800 02/13/25 A+ 05/05/21 2,072,840.00 1,894,450.26 JP Morgan Chase & Co 3.220 03/01/25 A- 08/18/20 3,238,920.00 2,947,729.69 Bank of America Corp 3.458 03/15/25 A- 04/23/20 5,263,900.00 4,923,141.94 Chubb INA Holdings Inc 3.150 03/15/25 A Various 6,518,943.13 5,803,664.33 Royal Bank of Canada 3.375 04/14/25 A 04/14/22 1,497,420.00 1,461,386.14 Bank of Montreal 1.850 05/01/25 A- 08/12/21 5,162,100.00 4,682,055.02 Caterpillar Financial Service 3.400 05/13/25 A 05/10/22 2,736,520.20 2,678,108.01 Qualcomm Inc 3.450 05/20/25 A Various 5,245,703.20 4,890,429.18 Morgan Stanley 0.790 05/30/25 A- Various 7,461,656.65 6,960,728.34 Honeywell Intl 1.350 06/01/25 A 06/23/20 5,119,000.00 4,631,959.40 Royal Bank of Canada 1.150 06/10/25 A Various 5,044,880.00 4,583,700.42 Northwestern Mutual Glbl 4.000 07/01/25 AA+ 06/27/22 6,402,822.30 6,412,094.75 American Honda Finance 1.200 07/08/25 A- 06/22/21 2,017,540.00 1,841,825.39 Toronto Dominion Bank 0.750 09/11/25 A 09/15/20 4,986,850.00 4,478,463.53 National Rural Utilities 3.250 11/01/25 A- 04/14/22 2,994,000.00 2,868,979.40 Simon Property Group 3.300 01/15/26 A- 08/11/21 4,750,593.75 4,223,992.23 Goldman Sachs Group Inc 0.855 02/12/26 BBB+ 06/18/21 4,334,706.25 3,973,176.73 Bank of America Corp 2.015 02/13/26 A- 03/04/21 2,066,760.00 1,870,620.73 JP Morgan Chase & Co 2.005 03/13/26 A- 03/12/21 3,086,490.00 2,796,706.83 Citigroup Inc 3.106 04/08/26 BBB+ Various 6,788,825.00 6,073,979.61
CITY OF RIVERSIDE
Pooled Investment Portfolio Holdings
December 31, 2022
DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CITY OF RIVERSIDE
Pooled Investment Portfolio Holdings
December 31, 2022
JP Morgan Chase & Co 2.083 04/22/26 A- 06/23/21 3,105,570.00 2,795,464.31 Guardian Life Glob Fun 1.250 05/13/26 AA+ 02/09/22 2,307,168.00 2,119,619.01 United Health Group Inc 1.150 05/15/26 A+ Various 2,852,118.20 2,687,404.12 Toyota Motor Credit Corp 1.125 06/18/26 A+ Various 4,989,707.50 4,425,258.70 Bank of America Corp 1.319 06/19/26 A- 06/18/21 2,004,120.00 1,805,566.37 Met Tower Global Funding 1.250 09/14/26 AA- 09/07/21 2,927,304.40 2,560,015.06 Bank of Montreal 1.250 09/15/26 A- Various 2,495,539.50 2,196,488.77 Wal-Mart Stores 1.050 09/17/26 AA 09/08/21 1,332,476.85 1,187,734.67 Morgan Stanley 6.138 10/16/26 A- 10/19/22 1,498,185.00 1,552,006.70 Metlife 1.875 01/11/27 AA- 01/03/22 4,240,160.70 3,797,863.74 Toronto-Dominion Bank 1.950 01/12/27 A 01/25/22 992,295.35 901,431.55 Charles Schwab Corp 2.450 03/03/27 A 03/01/22 1,668,196.40 1,538,360.51 Goldman Sachs Group Inc 1.431 03/09/27 BBB+ Various 2,914,727.50 2,864,486.50 Berkshire Hathaway 2.300 03/15/27 AA 03/07/22 4,924,064.25 4,584,437.24 Amazon.com Inc 3.300 04/13/27 AA 04/25/22 2,994,810.00 2,872,775.76 Virginia Electric Power Corp 3.750 05/15/27 BBB+ Various 5,509,511.95 5,277,629.60 Citigroup Inc 1.462 06/09/27 BBB+ 06/21/22 1,753,880.00 1,738,710.15 Merck & Co 1.700 06/10/27 A+ 06/23/22 3,966,221.40 3,893,193.60 Caterpillar Financial Service 3.600 08/12/27 A Various 3,213,062.50 3,151,110.56 Wal-Mart Stores 3.950 09/09/27 AA Various 2,495,938.60 2,496,027.74 SUBTOTAL MEDIUM TERM NOTES 170,415,892.13 158,854,324.94 U.S. GOVERNMENT AGENCY MORTGAGE BACKED SECURITIES
FHLMC-K723 A2 2.454 08/25/23 NR 07/16/19 9,275,078.40 9,067,216.27 FHLMC-K041 A2 3.171 10/25/24 AAA 07/01/21 5,378,515.63 4,857,774.00 FHLMC-K047 A2 3.329 05/25/25 NR 05/20/22 5,028,906.25 4,859,593.83 FHLMC-K049 A2 3.010 07/25/25 NR 06/23/21 1,789,016.21 1,594,247.70 FHLMC-K059 A2 3.120 09/25/26 AAA 02/18/22 3,128,437.50 2,866,485.90 SUBTOTAL U.S. GOVERNMENT AGENCY MORTGAGE BACKED SECURITIES 24,599,953.99 23,245,317.70 U.S. GOVERNMENT AGENCY ASSET BACKED SECURITIES
Honda Auto Receivables 1.610 04/22/24 NR 02/19/20 689,403.05 683,480.62 Hyundai Auto Lease Trust 0.330 06/17/24 AAA 06/08/21 2,789,581.50 2,747,843.01 John Deere Owner Trust 1.100 08/15/24 NR 03/04/20 443,245.65 439,616.75 Toyota Auto Receivables Trust 0.440 10/15/24 AAA 07/21/20 717,869.08 706,573.18 Honda Auto Receivables Trust 0.370 10/18/24 AAA 09/22/20 1,065,699.69 1,042,710.36 Toyota Lease Owner Trust 0.420 10/21/24 NR 07/27/21 2,484,966.45 2,416,058.98 GM Financial Auto Lease Trust 0.390 10/21/24 AAA 04/18/22 1,572,855.47 1,574,137.26 John Deere Owner Trust 0.510 11/15/24 NR 07/14/20 368,199.93 362,682.27 Mercedes-Benz Auto Lease Trust 0.400 11/15/24 AAA 06/22/21 2,589,804.46 2,515,809.65 BMW Vehicle Lease Trust 0.330 12/26/24 NR 09/08/21 1,583,587.21 1,547,652.86 Hyundai Auto Lease Trust 1.160 01/15/25 AAA 01/11/22 2,074,954.14 2,003,578.62 Toyota Lease Owner Trust 1.960 02/20/25 AAA 02/23/22 4,384,309.80 4,231,901.63 GM Financial Auto Lease Trust 1.900 03/20/25 NR 02/15/22 3,599,969.04 3,480,564.80 BMW Vehicle Lease Trust 1.100 03/25/25 AAA 01/11/22 1,719,742.86 1,664,311.61 Honda Auto Receivables Trust 0.270 04/21/25 NR 02/17/21 792,389.41 766,556.09 Toyota Auto Receivables Owners 0.260 05/15/25 NR 02/02/21 2,846,706.01 2,774,142.40 GM Financial Auto Lease Trust 3.420 06/20/25 AAA 05/03/22 2,399,749.68 2,350,431.36 John Deere Owner Trust 0.360 09/15/25 NR 03/02/21 1,417,056.21 1,368,714.25 Hyundai Auto Receivables Trust 0.380 09/15/25 AAA 04/20/21 1,378,093.25 1,333,118.70 DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CITY OF RIVERSIDE
Pooled Investment Portfolio Holdings
December 31, 2022
Hyundai Auto Receivables Trust 0.380 01/15/26 AAA 07/20/21 4,713,959.40 4,503,034.29 Honda Auto Receivables Trust 0.880 01/21/26 NR 11/16/21 1,749,631.10 1,661,278.58 John Deere Owner Trust 0.520 03/16/26 NR 07/13/21 2,204,803.31 2,093,225.93 Hyundai Auto Receivables Trust 0.740 05/15/26 AAA 11/09/21 1,249,721.00 1,181,231.24 Honda Auto Receivables Trust 1.880 05/15/26 AAA 02/15/22 2,814,576.62 2,677,444.93 BMW Vehicle Owner Trust 3.210 08/25/26 AAA 05/10/22 1,999,896.00 1,949,148.20 GM Financial Securitized Term 0.680 09/16/26 AAA 10/13/21 1,334,965.96 1,261,702.82 John Deere Owner Trust 2.320 09/16/26 NR 03/10/22 1,724,618.43 1,656,287.75 Hyundai Auto Receivables Trust 2.220 10/15/26 AAA 03/09/22 3,079,881.42 2,946,428.61 GM Financial Auto Receivables 1.260 11/16/26 AAA 01/11/22 1,139,900.93 1,078,448.89 GM Financial Securitized ART 3.100 02/16/27 AAA 04/05/22 1,674,649.93 1,624,915.90 John Deere Owner Trust 3.740 02/16/27 NR 07/12/22 2,689,743.11 2,632,622.36 American Express Credit Trust 3.390 05/17/27 AAA 05/17/22 5,188,851.97 5,049,283.36 John Deere Owner Trust 5.090 06/15/27 NR 10/12/22 3,454,731.89 3,475,834.11 Verizon Master Trust 3.720 07/20/27 AAA 08/02/22 2,349,896.60 2,317,030.74 American Express Credit Trust 3.750 08/16/27 NR 10/28/22 3,868,125.00 3,919,716.00 Mercedes-Benz Auto Receivables 5.210 08/16/27 AAA 11/15/22 6,158,781.55 6,231,254.85 SUBTOTAL U.S. GOVERNMENT AGENCY ASSET BACKED SECURITIES 82,314,917.11 80,268,772.96
SUPRANATIONAL SECURITIES
Inter-American Dev Bank 0.500 09/23/24 AAA 09/15/21 8,403,776.60 7,849,619.42 Intl. Bank Recon & Development 0.625 04/22/25 AAA 04/15/20 4,278,378.35 3,948,188.96 Inter-American Dev Bank 0.625 07/15/25 AAA 01/13/21 5,071,967.50 4,615,601.55 Intl. Bank Recon & Development 0.500 10/28/25 AAA Various 9,994,372.85 9,000,997.91 Inter-American Dev Bank 0.875 04/20/26 AAA 04/13/21 9,342,016.70 8,422,903.24 SUBTOTAL SUPRANATIONAL SECURITIES 37,090,512.00 33,837,311.08 U.S. GOVERNMENT AGENCY SECURITIES
FHLB 4.325 02/24/23 A-1+ 11/30/22 2,474,170.14 2,483,781.25 FHLMC 0.375 05/05/23 AA+ 05/05/20 4,758,000.80 4,696,934.83 FHLMC 0.250 06/26/23 AA+ 06/24/20 5,588,633.40 5,489,479.51 FNMA 0.250 07/10/23 AA+ 07/08/20 4,445,421.75 4,355,818.69 FHLMC 0.250 08/24/23 AA+ 08/19/20 7,507,334.70 7,302,819.12 FHLMC 0.125 10/16/23 AA+ Various 9,961,598.25 9,647,479.47 FHLMC 0.250 11/06/23 AA+ 11/03/20 9,331,594.00 8,989,084.01 FHLB 2.750 12/13/24 AA+ 02/06/20 5,281,300.00 4,849,827.60 FNMA 1.625 01/07/25 AA+ 03/04/20 8,281,440.00 7,626,351.97 FHLMC 1.500 02/12/25 AA+ 02/13/20 6,599,914.15 6,266,360.97 FHLB 2.375 03/14/25 AA+ 03/19/20 6,346,620.00 5,782,784.33 FNMA 0.625 04/22/25 AA+ 04/22/20 5,199,267.40 4,796,572.37 FHLB 0.500 06/13/25 AA+ 06/29/20 5,007,400.00 4,566,266.65 FNMA 0.500 06/17/25 AA+ 06/17/20 6,506,503.60 5,938,714.58 FHLMC 0.375 07/21/25 AA+ 07/21/20 4,606,942.60 4,201,204.39 FNMA 0.375 08/25/25 AA+ Various 7,962,282.50 7,231,957.28 FHLMC 0.375 09/23/25 AA+ Various 7,970,197.55 7,213,764.51 FNMA 0.500 11/07/25 AA+ 11/09/20 6,063,215.70 5,481,714.97 SUBTOTAL U.S. GOVERNMENT AGENCY SECURITIES 113,891,836.54 106,920,916.50 U.S. GOVERNMENT TREASURY SECURITIES
DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CITY OF RIVERSIDE
Pooled Investment Portfolio Holdings
December 31, 2022
US Treasury 3.990 01/26/23 A-1+ 10/31/22 9,903,565.33 9,972,288.89 US Treasury 4.016 01/31/23 A-1+ 11/03/22 4,950,357.78 4,983,266.67 US Treasury 1.750 01/31/23 AA+ 11/03/22 4,970,898.44 5,027,601.85 US Treasury 4.187 02/28/23 A-1+ Various 24,659,242.50 24,831,365.00 US Treasury 4.248 03/16/23 A-1+ 11/03/22 21,657,306.01 21,807,883.67 US Treasury 1.625 10/31/23 AA+ 10/31/19 10,033,593.75 9,779,781.49 US Treasury 2.875 11/30/23 AA+ 01/09/19 3,044,882.81 2,958,598.42 US Treasury 2.250 01/31/24 AA+ 06/05/19 10,671,445.31 10,324,059.49 US Treasury 2.000 04/30/24 AA+ Various 17,578,257.82 16,853,316.61 US Treasury 0.250 06/15/24 AA+ 06/18/21 4,965,429.69 4,695,113.79 US Treasury 1.750 06/30/24 AA+ 09/09/19 9,358,759.77 8,867,802.42 US Treasury 1.500 02/15/25 AA+ Various 15,947,968.76 15,635,066.04 US Treasury 1.125 02/28/25 AA+ 03/24/20 6,177,656.25 5,628,015.08 US Treasury 1.750 03/15/25 AA+ 05/04/22 4,827,539.06 4,754,229.97 US Treasury 2.750 05/15/25 AA+ Various 9,795,000.00 9,685,704.42 US Treasury 3.125 08/15/25 AA+ 09/27/22 4,826,171.88 4,917,223.34 US Treasury 0.250 09/30/25 AA+ 10/16/20 6,975,937.50 6,295,994.15 US Treasury 4.250 10/15/25 AA+ 10/28/22 3,983,750.00 4,036,740.57 US Treasury 0.375 12/31/25 AA+ 12/29/20 2,249,824.22 2,012,893.56 US Treasury 0.375 01/31/26 AA+ Various 8,625,488.28 7,806,358.82 US Treasury 0.750 03/31/26 AA+ 03/30/21 3,969,843.75 3,597,040.84 US Treasury 0.750 05/31/26 AA+ Various 9,942,773.44 8,935,893.40 US Treasury 0.750 08/31/26 AA+ Various 5,170,878.90 4,668,244.05 US Treasury 1.125 10/31/26 AA+ Various 12,919,453.14 11,668,173.34 US Treasury 1.500 01/31/27 AA+ Various 15,585,117.20 15,021,256.37 US Treasury 2.750 04/30/27 AA+ Various 18,449,570.32 18,121,666.94 US Treasury 3.250 06/30/27 AA+ Various 20,141,015.63 19,369,755.58 US Treasury 4.125 09/30/27 AA+ 10/28/22 3,986,562.50 4,063,564.59 SUBTOTAL U.S. GOVERNMENT TREASURY SECURITIES 275,368,290.04 266,318,899.36
TOTAL POOLED CASH & INVESTMENTS 943,194,937.04 908,997,205.55 *The City uses S&P ratings
**Includes accrued interest
DESCRIPTION COST MARKET
OF SECURITY VALUE VALUE
CASH AND EQUIVALENTS
*Cash 9,649.70 9,649.70
First American Government Obligation Fund CL "Z" 1,030,384.99 1,030,384.99 SUBTOTAL CASH AND EQUIVALENTS 1,040,034.69 1,040,034.69
MUTUAL FUNDS - EQUITY
Ishares Core - S P500 Etf 2,656,823.31 2,749,790.97
Ishares S P - 500 Growth Etf 1,140,607.81 1,102,842.00
Ishares S P - 500 Value Etf 1,194,451.15 1,270,087.85
Ishares - Russell Mid Cap Etf 892,482.58 890,542.35
Ishares - Russell 2000 Value Etf 704,146.79 695,014.04
Ishares - Russell 2000 Growth Etf 758,515.98 693,972.20 Ishares Core - Msci Eafe Etf 867,135.57 854,885.16
Vanguard Ftse - Emerging Markets Etf 627,441.23 567,821.66 Vanguard Real - Estate Etf 384,947.83 349,137.84
SUBTOTAL MUTUAL FUNDS - EQUITY 9,226,552.25 9,174,094.07
MUTUAL FUNDS - FIXED INCOME
Ishares Core - U.S. Aggregate Bond Etf 7,624,645.99 6,912,768.27 Vanguard High - Yield Corporate Adm 205,362.51 192,381.49 Vanguard - Short Term Invt Grade #539 2,151,396.46 2,059,101.87 SUBTOTAL MUTUAL FUNDS - FIXED INCOME 9,981,404.96 9,164,251.63 TOTAL ASSETS 20,247,991.90 19,378,380.39
* Includes accrued income
CITY OF RIVERSIDE
Investments held by Fiscal Agent
December 31, 2022
Section 115 Pension Trust Fund
DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CASH & MONEY MARKET ACCOUNTS
Cash - Custodial Cash Account US Bank N/A Varies NR Varies 41,975.76 41,975.76 Cash - Bank of America Equipment Lease N/A Varies NR Varies 11,271,564.00 11,271,564.00 US Bank Commercial Paper Sweep N/A Varies NR Varies 330,366.46 330,366.46 US Bank Gcts0170 N/A Varies NR Varies 35,397,066.15 35,397,066.15 US Bank Gcts0185 N/A Varies NR Varies 1,534,248.10 1,534,248.10 First American Government Obligation CL "Y" N/A Varies AAA Varies 67,052.29 67,052.29 First American Prime Obligations Fund CL " Z " N/A Varies AAA Varies 9,381,684.68 9,381,684.68 SUBTOTAL CASH & MONEY MARKET ACCOUNTS 58,023,957.44 58,023,957.44 LOCAL AGENCY INVESTMENT FUND (LAIF) N/A Varies NR Varies 1,252,213.36 1,258,422.00
MEDIUM TERM NOTES
Charles Schwab Corp 0.750 03/18/24 A Various 601,166.80 571,695.50 Amazon.com Inc 0.450 05/12/24 AA 05/10/21 394,423.30 372,429.88 John Deere Capital Corp 0.450 06/07/24 A 06/07/21 369,537.50 347,982.70 Salesforce.com Inc 0.625 07/15/24 A+ 06/29/21 94,951.55 89,422.64 American Honda Finance 1.500 01/13/25 A- Various 695,744.40 659,902.30 Toyota Motor Credit Corp 1.800 02/13/25 A+ 05/05/21 777,315.00 710,418.85 Chubb INA Holdings Inc 3.150 03/15/25 A 01/26/21 659,406.00 585,341.84 Caterpillar Financial Service 3.400 05/13/25 A 05/10/22 209,733.30 205,256.46 Morgan Stanley 0.790 05/30/25 A- 05/26/21 640,340.50 596,767.06 PNC Bank 3.250 06/01/25 A 06/10/21 710,365.50 629,289.04 Eli Lilly & Co 2.750 06/01/25 A+ 06/10/21 699,166.00 622,947.62 Honeywell Intl 1.350 06/01/25 A 06/10/21 717,066.00 648,474.32 Royal Bank of Canada 1.150 06/10/25 A 02/22/21 607,344.00 550,044.06 Toronto Dominion Bank 0.750 09/11/25 A 02/10/21 650,292.50 582,200.25 Simon Property Group 3.300 01/15/26 A- 08/11/21 678,656.25 603,427.46 Goldman Sachs Group Inc 0.855 02/12/26 BBB+ 06/18/21 619,243.75 567,596.68 Bank of America Corp 2. 015 02/13/26 A- 03/04/21 620,028.00 561,186.22 JP Morgan Chase & Co 2.005 03/13/26 A- 03/12/21 617,298.00 559,341.36 Citigroup Inc 3.106 04/08/26 BBB+ 06/18/21 669,075.00 595,488.20 United Health Group Inc 1.
150 05/15/26 A+ Various 130,420.30 116,454.20 Wal-Mart Stores 1.050 09/17/26 AA 09/08/21 119,773.20 106,762.67 Target Corp 1.950 01/15/27 A 01/19/22 264,549.50 243,289.04 Virginia Electric Power Corp 3.750 05/15/27 BBB+ 05/16/22 119,625.60 115,148.28 SUBTOTAL MEDIUM TERM NOTES 11,665,521.95 10,640,866.63 U.S. GOVERNMENT AGENCY ASSET BACKED SECURITIES
Mercedes-Benz Auto Lease Trust 0.400 11/15/24 AAA 06/22/21 239,981.88 233,125.21 BMW Vehicle Lease Trust 0.330 12/26/24 NR 09/08/21 146,177.27 142,860.26 GM Financial Auto Lease Trust 1.900 03/20/25 NR 02/15/22 309,997.33 299,715.31 BMW Vehicle Lease Trust 1.100 03/25/25 AAA 01/11/22 149,977.58 145,143.46 Honda Auto Receivables Trust 0.270 04/21/25 NR 02/17/21 87,653.70 84,796.03 Toyota Auto Receivables Owners 0.260 05/15/25 NR 02/02/21 319,353.02 311,212.59 John Deere Owner Trust 0.360 09/15/25 NR 03/02/21 156,966.22 151,611.42 Hyundai Auto Receivables Trust 0.380 09/15/25 AAA 04/20/21 154,159.58 149,128.53 Hyundai Auto Receivables Trust 0.380 01/15/26 AAA 07/20/21 434,904.00 415,444.31 Honda Auto Receivables Trust 0.880 01/21/26 NR 11/16/21 154,967.33 147,141.82
CITY OF RIVERSIDE
Investments Held by Fiscal Agent
December 31, 2022
DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CITY OF RIVERSIDE
Investments Held by Fiscal Agent
December 31, 2022
John Deere Owner Trust 0.520 03/16/26 NR 07/13/21 204,981.72 194,608.31 Hyundai Auto Receivables Trust 0.740 05/15/26 AAA 11/09/21 109,975.45 103,948.35 Honda Auto Receivables Trust 1.880 05/15/26 AAA 02/15/22 244,963.15 233,028.06 BMW Vehicle Owner Trust 3.210 08/25/26 AAA 05/10/22 149,992.20 146,186.12 GM Financial Securitized Term 0.680 09/16/26 AAA 10/13/21 114,997.07 108,686.00 John Deere Owner Trust 2.320 09/16/26 NR 03/10/22 179,960.19 172,830.02 GM Financial Auto Receivables 1.260 11/16/26 AAA 01/11/22 99,991.31 94,600.79 GM Financial Securitized ART 3.100 02/16/27 AAA 04/05/22 139,970.75 135,813.87 John Deere Owner Trust 3.740 02/16/27 NR 07/12/22 184,982.33 181,053.95 John Deere Owner Trust 5.090 06/15/27 NR 10/12/22 239,981.38 241,447.24 Verizon Master Trust 3.720 07/20/27 AAA 08/02/22 159,992.96 157,755.29 Mercedes-Benz Auto Receivables 5.210 08/16/27 AAA 11/15/22 414,917.91 419,800.44 SUBTOTAL U.S. GOVERNMENT AGENCY ASSET BACKED SECURITIES 4,398,844.33 4,269,937.38
SUPRANATIONAL SECURITIES
Inter-American Dev Bank 0.500 09/23/24 AAA 09/15/21 764,433.90 714,026.03 International Finance Corp 1.375 10/16/24 AAA 07/12/21 1,026,900.00 947,374.04 Intl. Bank Recon & Development 0.500 10/28/25 AAA 01/26/21 1,000,640.00 900,099.80 Inter-American Dev Bank 0.875 04/20/26 AAA 04/13/21 1,040,213.90 937,872.55 SUBTOTAL SUPRANATIONAL SECURITIES 3,832,187.80 3,499,372.42 U.S. GOVERNMENT AGENCY SECURITIES
FFCB 0.125 02/03/23 AA+ 01/26/21 854,521.20 852,279.36 FHLB 0.125 03/17/23 AA+ 03/17/21 779,142.00 773,456.77 FFCB 0.125 04/13/23 AA+ 04/06/21 1,033,633.80 1,021,997.19 FHLB 4.500 10/03/24 AA+ 10/27/22 799,128.00 805,758.74 FFCB 4.500 11/18/24 AA+ 11/15/22 809,141.40 813,822.00 FFCB 1.750 02/14/25 AA+ 02/10/22 603,384.65 578,929.49 SUBTOTAL U.S. GOVERNMENT AGENCY SECURITIES 4,878,951.05 4,846,243.55 U.S. GOVERNMENT TREASURY SECURITIES
US Treasury N/A 02/16/23 AA+ 09/30/22 353,863.51 357,300.15 US Treasury N/A 03/30/23 AA+ 09/30/22 7,362,717.75 7,435,824.10 US Treasury 4.558 06/29/23 AA+ 12/29/22 1,953,916.08 1,954,675.70 US Treasury 2.750 08/31/23 AA+ 09/30/22 200,817.03 201,323.08 US Treasury 0.125 02/15/24 AA+ 02/23/21 822,679.69 784,396.92 US Treasury 0.250 05/15/24 AA+ 05/18/21 2,194,671.88 2,072,238.49 US Treasury 3.250 08/31/24 AA+ 09/30/22 1,703,341.53 1,711,778.96 US Treasury 0.375 09/15/24 AA+ 09/29/21 1,990,312.50 1,867,315.56 US Treasury 3.000 07/15/25 AA+ 09/30/22 247,159.51 245,798.67 US Treasury 3.125 08/15/25 AA+ 08/25/22 1,241,503.90 1,229,305.83 US Treasury 4.250 10/15/25 AA+ Various 2,523,849.62 2,548,192.48 US Treasury 0.375 01/31/26 AA+ Various 1,724,482.43 1,561,271.77 US Treasury 0.750 03/31/26 AA+ 05/18/21 2,194,070.32 1,978,372.46 US Treasury 0.750 05/31/26 AA+ 06/23/21 3,232,099.61 2,904,165.36 US Treasury 1.500 01/31/27 AA+ 03/30/22 765,312.50 728,303.34 US Treasury 3.250 06/30/27 AA+ 08/25/22 1,486,835.94 1,452,731.67 US Treasury 3. 125 08/31/27 AA+ 09/30/22 670,665.96 672,044.19 DESCRIPTION COUPON MATURITY *INVEST PURCH COST **MARKET
OF SECURITY RATE DATE RATING DATE VALUE VALUE
CITY OF RIVERSIDE
Investments Held by Fiscal Agent
December 31, 2022
US Treasury 4.125 09/30/27 AA+ Various 2,533,158.21 2,565,125.16 US Treasury 3.125 08/31/29 AA+ 09/30/22 189,730.51 192,444.02 SUBTOTAL U.S. GOVERNMENT TREASURY SECURITIES 33,391,188.48 32,462,607.91
INVESTMENT CONTRACTS
Trinity Plus 0.047 10/01/29 NR 03/31/20 6,411,744.65 6,411,744.65 Trinity Plus 0.047 10/01/35 NR 03/31/20 4,348,970.73 4,348,970.73 SUBTOTAL INVESTMENT CONTRACTS 10,760,715.38 10,760,715.38 TOTAL INVESTMENTS HELD WITH FISCAL AGENT 128,203,579.79 125,762,122.71 *The City uses S&P ratings
**Includes accrued interest
General Fund 101 92,733,219 - 92,733,219 Measure Z 110 66,264,229 - 66,264,229 Pension Trust 115 635,249 - 635,249 Enterprise Funds
Electric 510 300,078,202 2,454,345 302,532,547 Electric - Public Benefits Program 511 28,504,399 - 28,504,399 Water 520 60,967,063 - 60,967,063 Water - Conservation & Reclamation Program 521 3,720,601 - 3,720,601 Airport 530 1,733,584 - 1,733,584 Refuse Collection 540 4,330,980 - 4,330,980 Sewer Service 550 111,348,810 1,442,409 112,791,219 Special Transit 560 5,103,140 - 5,103,140 Public Parking 570 1,465,210 - 1,465,210 Civic Entertainment (Convention Center, Visitors Bureau, Sports Commission) 580 (235,537) - (235,537) Civic Entertainment (Fox, Box, RMA, Showcase) 581 4,656,477 - 4,656,477 Civic Entertainment (Cheech Marin Center) 582 (4,355,750) - (4,355,750) SubTotal - Enterprise Funds 517,317,179 3,896,754 521,213,933 Special Revenue Funds
Urban Areas Security Initiative 205 (1,535,946) - (1,535,946) Grants and Restricted Programs 215 67,856,008 - 67,856,008 Community Development Block Grant 220 (131,897) - (131,897) Home Investment Partnership Program 221 1,237,355 - 1,237,355 Housing Opportunities for Persons with AIDS 222 (1,108,798) - (1,108,798) Community Development Grants 223 6,860,169 - 6,860,169 Neighborhood Stabilization Program 225 311,661 - 311,661 Special Gas Tax 230 31,575,770 - 31,575,770 Air Quality Improvement 240 1,693,333 - 1,693,333 NPDES Storm Drain 260 (312,573) - (312,573) Housing Authority 280 1,033,813 - 1,033,813 Housing Assets 281 8,431,221 - 8,431,221 Special Districts Various (1,215,584) - (1,215,584) SubTotal - Special Revenue Funds 114,694,532 - 114,694,532 Capital Projects Funds
Capital Outlay 401 1,875,513 - 1,875,513 Storm Drain 410 334,233 - 334,233 Local Park Special Capital Improvements 411 554,220 - 554,220 Regional Park Special Capital Improvements 413 3,875,523 - 3,875,523 Measure Z Capital Outlay 420 22,471,309 - 22,471,309 Capital Outlay Grants 430 1,449,332 - 1,449,332 Transportation Projects 431 212 - 212 Measure A Capital Outlay 432 31,626,067 - 31,626,067 Transportation Development Impact Fees 433 7,243,869 - 7,243,869 Transportation Uniform Mitigation Fees 434 (2,111,441) - (2,111,441) Community Facilities Districts and Assessment Districts Various 2,111,776 - 2,111,776 SubTotal - Capital Project Funds 69,430,613 - 69,430,613 Debt Service Funds
Debt Service Fund - General 390 (19,105,424) - (19,105,424) Debt Service Fund - Public Works 391 (524,939) - (524,939) SubTotal Debt Service Funds (19,630,363) - (19,630,363) Agency Funds
Successor Agency Various 29,052,819 - 29,052,819 Community Facilities Districts and Assessment Districts Various 507,982 - 507,982 Special Deposits Various (19,540,203) - (19,540,203) SubTotal Agency Funds 10,020,598 - 10,020,598 Internal Service Funds
Workers' Compensation Insurance Trust 610 20,732,803 - 20,732,803 Unemployment Insurance Trust 620 311,853 - 311,853 Liability Insurance Trust 630 3,305,935 - 3,305,935 Parada Settlement Fund 631 21,917,438 - 21,917,438 Central Stores 640 (888,987) - (888,987) Central Garage 650 12,152,908 - 12,152,908 SubTotal - Internal Service Funds 57,531,950 - 57,531,950 908,997,206$ 3,896,754$ 912,893,960$
1 Amount reflects each fund's share of the City's pooled investment portfolio. 2 Amounts shown are interfund loans outstanding. Interfund loan receivable balances are treated as available cash due to the ability to move loan receivables to other funds as needed.
City of Riverside
Cash Balances by Fund
As of December 31, 2022
Total - All Funds
Cash
Balance 1Fund Interfund Loan
Receivables 2
Cash Balance
+ Loan
Receivables