CITY OF VERNON
RA
CASH AND INVESTMENTS REPORT
FOR THE QUARTER ENDED
JUNE 30, 2024
TABLE OF CONTENTS
• Cash and Investments Report - Summary for the Quarter Ended June 30, 2024 • Statement of Compliance of Quarterly Investment Report to City Investment Policy 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, 2024 City of Vernon
Report of Cash and Investments - Summary
For the Quarter Ended June 30, 2024
Amount Market
Type of Investment Issuer PAR Invested Value Market Price Source Cash and Money Market Funds East West Bank $ 68,215,196 $ 68,215,196 68,201,633 East West Bank State Treasurer Pool "LAIF" State Treasurer LAIF 670,881 530,000 668,410 Local Agency Investment Fund Trust Accounts Bank of New York Mellon Trust Company 31,852,647 31,852,647 31,852,647 Bank of New York Mellon Escrow Accounts Bank of New York Mellon Trust Company 20,854,935 20,854,935 20,854,935 Bank of New York Mellon Cash and Money Market Funds Stifel, Nicolaus & Company 81,163,829 81,163,829 81,163,829 Stifel, Nicolaus & Company US Treasury Bill U.S. Department of the Treasury 10,000,000 9,757,528 9,864,900 Stifel, Nicolaus & Company Certificate of Deposit See the attached detail schedule 7,870,000 7,842,934 7,878,040 Stifel, Nicolaus & Company US Government Agency Bonds See the attached detail schedule 35,477,000 34,872,321 35,009,816 Stifel, Nicolaus & Company Municipal Bonds San Diego County 685,000 622,610 633,920 Stifel, Nicolaus & Company Total Cash and Investments $ 256,789,488 $ 255,712,001 $ 256,128,129 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, 2024
INANCIAL CUSIP PURCHASE DATE OF FACE VALUE AMOUNT MARKET INTEREST
NSTITUTION ACCOUNT NAME INVESTMENT TYPE INVESTMENT NAME NUMBER DATE MATURITY (PAR) INVESTED VALUE RATE East West Bank Operating Account Cash Cash N/A N/A N/A $ 55,584,740.50 $ 55,584,740.50 $ 55,584,740.50 0.75% East West Bank FSA Account Cash Cash N/A N/A $ 26,783.43 $ 26,783.43 $ 26,783.43 0.75% East West Bank Payroll Cash Cash N/A N/A N/A $ 823.96 $ 823.96 $ 823.96 0.76% East West Bank Worker's Compensation Account Cash Cash N/A N/A N/A $ 54,094.53 $ 54,094.53 $ 54,094.53 0.75% East West Bank Federal Funds for Street Improvements Money Market Funds Money Market Funds N/A N/A N/A $ 1,330.09 $ 1,330.09 $ 1,330.09 2.07% East West Bank Asset Forfeiture-Federal Funding Money Market Funds Money Market Funds N/A N/A N/A $ 428,955.99 428,955.99 $ 428,955.99 2.08% East West Bank Asset Forfeiture-State Funding Money Market Funds Money Market Funds N/A N/A N/A $ 16,057.34 $ 16,057.34 $ 16,057.34 2.08% East West Bank Drug Abuse Program Money Market Funds Money Market Funds N/A N/A $ 5,340.90 $ 5,340.90 $ 5,340.90 2.08% East West Bank SCWP Money Market Funds Money Market Funds N/A N/A N/A $ 876,478.60 $ 876,478.60 $ 876,478.60 2.08% East West Bank Light & Power AB1890 Cash Cash N/A N/A N/A $ 1.01 $ 1.01 $ 1.01 0.00% East West Bank Light and Power Fund Cash Cash N/A N/A N/A $ 2,662,721.93 $ 2,662,721.93 $ 2,649,159.11 2.08% East West Bank CARB Natural Gas Rebates Money Market Funds Money Market Funds N/A N/A N/A $ 8,557,867.24 $ 8,557,867.24 $ 8,557,867.24 2.08% East West Bank 68,215,195.52 $ 68,215,195.52 $ 68,201,632.70 State of California Local Agency Investment Fund State Treasurer Pool Pooled Money Investment Account N/A 9/30/2003 NA S 670,881.35 $ 530,000.00 $ 668,409.85 4.48% State of California 670,881.35 $ 530,000.00 $ 668,409.85 Bank of New York Vernon 21 Electric Cap Improv Fd Money Market Mutual Funds Dreyfus Try Sec CM Admin 582 X9USDTVM2 N/A N/A S 193,424.61 193,424.61 193,424.61 5.08% Bank of New York Vernon 20 Wtr Acquisition FD Money Market Mutual Funds Dreyfus Try Sec CM Admin 582 X9USDTVM2 N/A N/A $ 10,325.31 10,325.31 10,325.31 5.08% Bank of New York Vernon 20 Wtr Interest Account Money Market Mutual Funds Dreyfus Try Sec CM Admin 582 X9USDTVM2 N/A N/A $ 11.298.73 11,298.73 11,298.73 5.08% Bank of New York Vernon 20 Wtr Revenue Fund Money Market Mutual Funds Dreyfus Try Sec CM Admin 582 X9USDTVM2 N/A N/A $ 0.00% Bank of New York Vernon 20 Electric Cap Improv Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A $ 139,684.34 139,684.34 139,684.34 5.08% Bank of New York Vernon RDA Ind Tab 2005 Surplus Fund Money Market Mutual Funds Invesco Government Agency Private XOUSDISLO N/A N/A $ 0.00% Bank of New York Vernon Ele Rev 09 Debt Serv Reserve Money Market Mutual Funds Goldman Financial SQ Govt N/A N/A $ 31,497,912.54 $ 31,497,912.54 31,497,912.54 4.96% Bank of New York Vernon Ele Rev 09 Debt Service Fund Money Market Mutual Funds Goldman Financial SQ Govt X9USDGFSG N/A N/A $ 1.90 1.90 1.90 4.74% Bank of New York Mellon Trust Company (Trust Accounts) 31,852,647.43 $ 31,852,647.43 $ 31,852,647.43 Bank of New York City of Vernon Escrow Account Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A $ 2,760,334.91 $ 2,760,334.91 2,760,334.91 4.93% Bank of New York Vernon Esc '06 Lt & Pwr Stabilization A Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A $ 69.22 $ 69.22 $ 69.22 4.93% Bank of New York City of Vernon Unrestricted Dep AC Money Market Mutual Funds Morgan Stanley Govt Insti 8302 X9USDMOR3 N/A N/A $ 18,094,530.74 $ 18,094,530.74 $ 18,094,530.74 5.22% Bank of New York Mellon Trust Company (Escrow Accounts) $ 20,854,934.87 $ 20,854,934.87 $ 20,854,934.87 Stifel, Nicolaus & Company City of Vernon Money Market Mutual Funds Dreyfus Treasury Prime N/A N/A N/A $ 81,163,829.23 81,163,829.23 81,163,829.23 5.19% Stifel, Nicolaus & Company City of Vernon US Treasury Bill US Treasury Bill 912797GW1 04/15/24 10/03/24 $ 10,000,000.00 9,757,528.10 9,864,900.00 5.35% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Blupeak Credit Union 09644EAH5 08/25/23 08/29/24 $ 249,000.00 $ 249,000.00 249,027.39 5.70% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Trustone Financial CU 89841MAR8 08/25/23 08/29/24 $ 249,000.00 249,000.00 249,000.00 5.45% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Bellco Credit Union 07833EAK3 07/27/23 01/27/25 $ 249,000.00 247,393.95 248,589.15 5.01% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Technology Credit Union 87868YAN3 04/19/23 04/28/25 $ 249,000.00 249,000.00 248,529.39 5.01% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Connexus Credit Union 20825WAC4 08/25/23 07/15/25 $ 249,000.00 228,410.82 237,912.03 0.84% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Baxter Credit Union 07181JAT1 07/27/23 11/24/25 $ 249.000.00 246,559.80 248,636.46 4.96% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Bank of America NA 06051V5R3 11/20/23 12/01/25 $ 245,000.00 245,000.00 245,276.85 5.14% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Centris Federal Credit Union 15643VAF9 12/13/23 12/19/25 $ 245,000.00 245,000.00 244,843.20 5.00% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit BMW Bank of North America 05580A4Y7 12/13/23 06/15/26 $ 245,000.00 245,000.00 243,824.00 4.67% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit City National Bank 178180HA6 12/13/23 12/14/26 $ 245,000.00 $ 245,000.00 $ 243,703.95 4.67% City of Vernon
Report of Cash and Investments - Detail Schedule
For the Quarter Ended June 30, 2024
FINANCIAL CUSIP PURCHASE DATE OF FACE VALUE AMOUNT MARKET INTEREST
INSTITUTION ACCOUNT NAME INVESTMENT TYPE INVESTMENT NAME NUMBER DATE MATURITY (PAR) INVESTED VALUE RATE Stifel, Nicolaus & Company City of Vernon Certificate of Deposit State Bank of India 8562854Q1 12/13/23 12/15/26 $ 245,000.00 $ 245,000.00 $ 243,618.20 4.68% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Mountain Commerce Bank 62400PKP4 12/13/23 12/21/26 $ 245,000.00 245,000.00 $ 242,844.00 4.54% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit SCE Federal Credit Union 78413RAK3 12/13/23 12/21/26 $ 245,000.00 $ 245,000.00 243,414.85 4.63% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Third Federal Savings & Loan Assn 88413QER5 12/13/23 12/28/26 $ 245,000.00 245,000.00 243,703.95 4.67% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Medallion Bank 58404DUA7 12/13/23 12/29/26 $ 245,000.00 245,000.00 242,795.00 4.54% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Hapo Community CU 41138NAB4 08/25/23 02/26/27 $ 249,000.00 249,000.00 249,702.18 4.99% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit PIMA Federal CU 722000AB2 08/02/23 08/17/27 $ 249,000.00 249,000.00 250,095.60 4.98% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Baxter Credit Union 07181JBC7 08/01/23 08/23/27 $ 249,000.00 249,000.00 250,157.85 4.98% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Granite Federal CU 38731MAA5 08/25/23 08/31/27 $ 249,000.00 249,000.00 249,806.76 4.93% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Chartway Federal CU 16141BAQ4 08/25/23 09/08/27 $ 249,000.00 249,000.00 250,215.12 4.98% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Austin Telco Federal CU 052392CN5 08/25/23 01/27/28 $ 248,000.00 245,569.92 248,057.04 4.75% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Cornerstone Bank 219232CR4 05/02/23 05/10/28 $ 245,000.00 245,000.00 248,846.74 5.00% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Bank of Wisconsin Dells 065847FP5 08/02/23 08/04/28 $ 200,000.00 200,000.00 200,992.00 5.07% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Tucson Federal CU 898812AB8 08/01/23 08/08/28 $ 249,000.00 249,000.00 251,933.22 4.89% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit GHS Federal CU 36266LAB2 08/02/23 08/17/28 $ 249,000.00 $ 249,000.00 $ 250,508.94 5.57% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Maine Savings Federal CU 560507AR6 08/18/23 08/25/28 $ 249,000.00 $ 249,000.00 $ 251,081.64 4.81% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit incoln Park Community C 534574AC2 08/18/23 08/28/28 $ 249,000.00 $ 249,000.00 252,510.90 4.93% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit ireenstate Credit Unio 39573LEL8 08/18/23 08/29/28 $ 249,000.00 $ 249,000.00 $ 252,538.29 4.93% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Valleystar Credit Union 92023CAG8 08/18/23 08/30/28 $ 249,000.00 $ 249,000.00 S 256,051.68 4.72% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Freedom Northwest CU 356436AN5 08/25/23 08/30/28 $ 249,000.00 $ 249,000.00 $ 250,523.88 5.47% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit St Lawrence Federal Credit Union 791125AC1 11/20/23 12/01/28 $ 245,000.00 245,000.00 $ 246,139.25 5.67% Stifel, Nicolaus & Company Certificate of Deposit UBS Bank USA 90355GJQ0 12/13/23 12/20/28 $ 245,000.00 245,000.00 243,160.05 4.43% Stifel, Nicolaus & Company US Government Agency Bonds Fed Home Loan Mortgage Corp 3132XGUR5 08/03/23 05/01/28 $ 8,477,000.00 $ 8,408,124.38 8,407,980.26 5.08% Stifel, Nicolaus & Company City of Vernon US Government Agency Bonds Federal National Mortgage Assn 3140LLEX5 08/22/23 08/01/28 $ 7,000,000.00 $ 6,903,750.00 $ 6,944,224.00 5.02% Stifel, Nicolaus & Company City of Vernon S Government Agency Bonds Fed Home Loan Mortgage Cor 3132XGVA1 11/20/23 04/01/28 $ 15,000,000.00 $ 14,612,130.00 14,697,011.96 4.75% Stifel, Nicolaus & Company City of Vernon S Government Agency Bonds Fed Home Loan Mortgage Co 3134GXS88 04/15/24 02/28/25 $ 5,000,000.00 $ 4,948,316.40 $ 4,960,600.00 5.23% Stifel, Nicolaus & Company City of Vernon Municipal Bonds San Diego County 797400LF3 08/31/23 04/01/28 $ 685,000.00 $ 622,610.20 $ 633,919.55 2.56% Stifel, Nicolaus & Company $ 135,195,829.23 $ 134,259,222.80 $ 134,550,504.56 Total Cash and Investments $ 256,789,488.40 $ 255,712,000.62 $ 256,128,129.41