CITY OF VERNON
CASH AND INVESTMENTS REPORT
FOR THE QUARTER ENDED
JUNE 30, 2023
TABLE OF CONTENTS
Cash and Investments Report – Summary for the Quarter Ended June 30, 2023 o Statement of Compliance of Quarterly Investment Report to City Investment Policy o Statement of ability to meet budgetary expenditure requirements for the next six months
Cash and Investments Report – Detail Schedule for the Quarter Ended June 30, 2023 City of Vernon
Report of Cash and Investments - Summary
For the Quarter Ended June 30, 2023
Amount Market
Type of Investment Issuer PAR Invested Value Market Price Source Cash and Money Market Funds East West Bank 55,652,664 $ 55,652,664 $ 55,652,664 $ East West Bank State Treasurer Pool "LAIF" State Treasurer LAIF 646,240 530,000 628,084 Local Agency Investment Fund Trust Accounts Bank of New York Mellon Trust Company 36,427,615 36,427,615 36,427,615 Bank of New York Mellon Escrow Accounts Bank of New York Mellon Trust Company 59,965,662 59,965,662 59,965,662 Bank of New York Mellon Cash and Money Market Funds Stifel, Nicolaus & Company 45,081,424 45,081,424 45,081,424 Stifel, Nicolaus & Company US Treasury Bill U.S. Department of the Treasury 29,500,000 29,144,009 29,402,775 Stifel, Nicolaus & Company Certificate of Deposit See the attached detail schedule 494,000 494,000 496,620 Stifel, Nicolaus & Company Total Cash and Investments $ 227,767,605 $ 227,295,375 $ 227,654,845 Compliance Statement:
The above portfolio is in compliance with the City's Annual Statement of Investment Policy and has the ability to meet its budgetary expenditure requirements for the next six months.
City of Vernon
Report of Cash and Investments - Detail Schedule
For the Quarter Ended June 30, 2023
FINANCIAL
INSTITUTION ACCOUNT NAME INVESTMENT TYPE INVESTMENT NAME CUSIP
NUMBER
PURCHASE
DATE
DATE OF
MATURITY
FACE VALUE
(PAR)
AMOUNT
INVESTED
MARKET
VALUE
INTEREST
RATE
East West Bank Operating Account Cash N/A N/A N/A N/A 42,330,097.90 $ 42,330,097.90 $ 42,330,097.90 $ 0.75% East West Bank FSA Account Cash N/A N/A N/A N/A 23,913.64 $ 23,913.64 $ 23,913.64 $ 0.75% East West Bank Payroll Cash N/A N/A N/A N/A 817.79 $ 817.79 $ 817.79 $ 0.75% East West Bank Worker's Compensation Account Cash N/A N/A N/A N/A 854,870.75 $ 854,870.75 $ 854,870.75 $ 0.75% East West Bank Liability Insurance Account Cash N/A N/A N/A N/A 1,146.62 $ 1,146.62 $ 1,146.62 $ 0.75% East West Bank Cetera Investments Cash N/A N/A N/A N/A 2,316,317.47 $ 2,316,317.47 $ 2,316,317.47 $ 1.30% East West Bank General Account Money Market Funds N/A N/A N/A N/A 18,760.54 $ 18,760.54 $ 18,760.54 $ 2.07% East West Bank Federal Funds for Street Improvements Money Market Funds N/A N/A N/A N/A 10,180.82 $ 10,180.82 $ 10,180.82 $ 2.07% East West Bank Asset Forfeiture-Federal Funding Money Market Funds N/A N/A N/A N/A 443,309.64 $ 443,309.64 $ 443,309.64 $ 2.07% East West Bank Asset Forfeiture-State Funding Money Market Funds N/A N/A N/A N/A 15,730.91 $ 15,730.91 $ 15,730.91 $ 2.07% East West Bank Drug Abuse Program Money Market Funds N/A N/A N/A N/A 5,232.32 $ 5,232.32 $ 5,232.32 $ 2.07% East West Bank SCWP Money Market Funds N/A N/A N/A N/A 10,497.04 $ 10,497.04 $ 10,497.04 $ 2.07% East West Bank Property Management Money Market Funds N/A N/A N/A N/A 2,961.58 $ 2,961.58 $ 2,961.58 $ 2.07% East West Bank Water Fund Money Market Funds N/A N/A N/A N/A 16,540.48 $ 16,540.48 $ 16,540.48 $ 2.07% East West Bank Light & Power AB1890 Cash N/A N/A N/A N/A 1.00 $ 1.00 $ 1.00 $ 0.00% East West Bank Light & Power Account Money Market Funds N/A N/A N/A N/A 1,978.83 $ 1,978.83 $ 1,978.83 $ 2.07% East West Bank Light and Power Fund Cash N/A N/A N/A N/A 2,308,994.88 $ 2,308,994.88 $ 2,308,994.88 $ 2.07% East West Bank Gas Account Money Market Funds N/A N/A N/A N/A 17,920.36 $ 17,920.36 $ 17,920.36 $ 2.07% East West Bank CARB Natural Gas Rebates Money Market Funds N/A N/A N/A N/A 6,937,484.77 $ 6,937,484.77 $ 6,937,484.77 $ 2.07% East West Bank Fiber Optics Fund Money Market Funds N/A N/A N/A N/A 335,906.76 $ 335,906.76 $ 335,906.76 $ 2.07% East West Bank 55,652,664.10 $ 55,652,664.10 $ 55,652,664.10 $ State of California Local Agency Investment Fund State Treasurer Pool Pooled Money Investment Account N/A 9/30/2003 N/A 646,239.56 $ 530,000.00 $ 628,084.14 $ 2.17% State of California 646,239.56 $ 530,000.00 $ 628,084.14 $ Bank of New York Vernon 21 Electric Cap Improv Fd Cash N/A N/A N/A N/A 190,569.28 $ 190,569.28 $ 190,569.28 $ 0.00% Bank of New York Vernon 20 Wtr Acquisition FD Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 1,988,247.94 $ 1,988,247.94 $ 1,988,247.94 $ 4.87% Bank of New York Vernon 20 Wtr Interest Account Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 160,440.34 $ 160,440.34 $ 160,440.34 $ 4.87% Bank of New York Vernon 20 Wtr Revenue Fund Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 0.70 $ 0.70 $ 0.70 $ 4.29% Bank of New York Vernon 20 Electric Cap Improv Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 132,761.78 $ 132,761.78 $ 132,761.78 $ 4.87% Bank of New York Vernon Ele Rev 09 Debt Serv Reserve Money Market Mutual Funds Goldman Financial SQ Govt X9USDGFSG N/A N/A 33,878,122.37 $ 33,878,122.37 $ 33,878,122.37 $ 4.77% Bank of New York Vernon Ele Rev 09 Debt Service Fund Money Market Mutual Funds Goldman Financial SQ Govt X9USDGFSG N/A N/A 77,472.37 $ 77,472.37 $ 77,472.37 $ 4.77% Bank of New York Mellon Trust Company (Trust Accounts) 36,427,614.78 $ 36,427,614.78 $ 36,427,614.78 $ Bank of New York City of Vernon Escrow Account Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A 2,626,148.39 $ 2,626,148.39 $ 2,626,148.39 $ 4.76% Bank of New York Vernon Esc '06 Lt & Pwr Stabilization A Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A 40,161,515.65 $ 40,161,515.65 $ 40,161,515.65 $ 4.76% Bank of New York City of Vernon Unrestricted Dep AC Money Market Mutual Funds Morgan Stanley Govt Instl 8302 X9USDMOR3 N/A N/A 17,177,998.15 $ 17,177,998.15 $ 17,177,998.15 $ 4.99% Bank of New York Mellon Trust Company (Escrow Accounts) 59,965,662.19 $ 59,965,662.19 $ 59,965,662.19 $ Stifel, Nicolaus & Company City of Vernon Money Market Mutual Funds Dreyfus Treasury Prime N/A N/A N/A 45,081,424.33 $ 45,081,424.33 $ 45,081,424.33 $ 4.96% Stifel, Nicolaus & Company City of Vernon US Treasury Bill US Treasury Bill 912797FZ5 05/22/23 07/25/23 4,500,000.00 $ 4,460,467.50 $ 4,486,275.00 $ 5.15% Stifel, Nicolaus & Company City of Vernon US Treasury Bill US Treasury Bill 912796Y29 04/24/23 07/27/23 25,000,000.00 $ 24,683,541.67 $ 24,916,500.00 $ 5.03% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Technology Credit Union 87868YAN3 04/19/23 04/28/25 249,000.00 $ 249,000.00 $ 247,137.48 $ 5.00% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Cornerstone Bank 219232CR4 05/02/23 05/10/28 245,000.00 $ 245,000.00 $ 249,482.76 $ 5.00% Stifel, Nicolaus & Company 75,075,424.33 $ 74,719,433.50 $ 74,980,819.57 $ Total Cash and Investments 227,767,604.96 $ 227,295,374.57 $ 227,654,844.78 $