CITY OF VERNON
CASH AND INVESTMENTS REPORT
FOR THE QUARTER ENDED
DECEMBER 31, 2024
TABLE OF CONTENTS
Cash and Investments Report – Summary for the Quarter Ended December 31, 2024 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 December 31, 2024 City of Vernon
Report of Cash and Investments - Summary
For the Quarter Ended December 31, 2024
Amount Market
Type of Investment Issuer PAR Invested Value Market Price Source Cash and Money Market Funds East West Bank 98,592,608 $ 98,592,608 $ 98,592,608 $ East West Bank State Treasurer Pool "LAIF" State Treasurer LAIF 686,497 530,000 686,497 Local Agency Investment Fund Trust Accounts Bank of New York Mellon Trust Company 27,810,176 27,810,176 27,810,176 Bank of New York Mellon Escrow Accounts Bank of New York Mellon Trust Company 20,036,925 20,036,925 20,036,925 Bank of New York Mellon Cash and Money Market Funds Stifel, Nicolaus & Company 81,391,021 81,391,021 81,391,021 Stifel, Nicolaus & Company Certificate of Deposit See the attached detail schedule 7,127,000 7,099,934 7,239,772 Stifel, Nicolaus & Company US Government Agency Bonds See the attached detail schedule 35,477,000 34,778,372 35,209,451 Stifel, Nicolaus & Company Municipal Bonds San Diego County 685,000 622,610 642,783 Stifel, Nicolaus & Company Total Cash and Investments $ 271,806,226 $ 270,861,646 $ 271,609,232 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 December 31, 2024
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 Cash N/A N/A N/A 84,296,542.92 $ 84,296,542.92 $ 84,296,542.92 $ 0.75% East West Bank FSA Account Cash Cash N/A N/A N/A 25,300.79 $ 25,300.79 $ 25,300.79 $ 0.75% East West Bank Payroll Cash Cash N/A N/A N/A 827.08 $ 827.08 $ 827.08 $ 0.76% East West Bank Worker's Compensation Account Cash Cash N/A N/A N/A 117,648.58 $ 117,648.58 $ 117,648.58 $ 0.75% East West Bank Federal Funds for Street Improvements Money Market Funds Money Market Funds N/A N/A N/A 1,343.32 $ 1,343.32 $ 1,343.32 $ 1.80% East West Bank Asset Forfeiture-Federal Funding Money Market Funds Money Market Funds N/A N/A N/A 433,223.16 $ 433,223.16 $ 433,223.16 $ 1.80% East West Bank Asset Forfeiture-State Funding Money Market Funds Money Market Funds N/A N/A N/A 16,217.07 $ 16,217.07 $ 16,217.07 $ 1.80% East West Bank Drug Abuse Program Money Market Funds Money Market Funds N/A N/A N/A 5,394.03 $ 5,394.03 $ 5,394.03 $ 1.80% East West Bank SCWP Money Market Funds Money Market Funds N/A N/A N/A 885,197.64 $ 885,197.64 $ 885,197.64 $ 1.80% East West Bank Light & Power AB1890 Cash Cash N/A N/A N/A 1.02 $ 1.02 $ 1.02 $ 0.00% East West Bank Light and Power Fund Cash Cash N/A N/A N/A 2,689,210.18 $ 2,689,210.18 $ 2,689,210.18 $ 1.80% East West Bank CARB Natural Gas Rebates Money Market Funds Money Market Funds N/A N/A N/A 10,121,701.71 $ 10,121,701.71 $ 10,121,701.71 $ 1.80% East West Bank 98,592,607.50 $ 98,592,607.50 $ 98,592,607.50 $ State of California Local Agency Investment Fund State Treasurer Pool Pooled Money Investment Account N/A 9/30/2003 N/A 686,496.59 $ 530,000.00 $ 686,496.59 $ 4.43% State of California 686,496.59 $ 530,000.00 $ 686,496.59 $ Bank of New York Vernon 21 Electric Cap Improv Fd Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 198,190.64 $ 198,190.64 $ 198,190.64 $ 4.22% Bank of New York Vernon 20 Wtr Interest Account Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 11,121.41 $ 11,121.41 $ 11,121.41 $ 4.22% Bank of New York Vernon 20 Electric Cap Improv Money Market Mutual Funds Dreyfus Trsy Sec CM Admin 582 X9USDTVM2 N/A N/A 143,126.16 $ 143,126.16 $ 143,126.16 $ 4.22% Bank of New York Vernon Ele Rev 09 Debt Serv Reserve Money Market Mutual Funds Goldman Financial SQ Govt X9USDGFSG N/A N/A 27,457,680.57 $ 27,457,680.57 $ 27,457,680.57 $ 4.14% Bank of New York Vernon Ele Rev 09 Debt Service Fund Money Market Mutual Funds Goldman Financial SQ Govt X9USDGFSG N/A N/A 56.98 $ 56.98 $ 56.98 $ 4.14% Bank of New York Mellon Trust Company (Trust Accounts) 27,810,175.76 $ 27,810,175.76 $ 27,810,175.76 $ Bank of New York City of Vernon Escrow Account Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A 1,483,006.98 $ 1,483,006.98 $ 1,483,006.98 $ 4.12% Bank of New York Vernon Esc '06 Lt & Pwr Stabilization A Money Market Mutual Funds Invesco Government Agency Private X9USDAIMP N/A N/A 71.02 $ 71.02 $ 71.02 $ 4.11% Bank of New York City of Vernon Unrestricted Dep AC Money Market Mutual Funds Morgan Stanley Govt Instl 8302 X9USDMOR3 N/A N/A 18,553,846.54 $ 18,553,846.54 $ 18,553,846.54 $ 4.42% Bank of New York Mellon Trust Company (Escrow Accounts) 20,036,924.54 $ 20,036,924.54 $ 20,036,924.54 $ Stifel, Nicolaus & Company City of Vernon Money Market Mutual Funds Dreyfus Treasury Prime N/A N/A N/A 81,391,021.12 $ 81,391,021.12 $ 81,391,021.12 $ 4.41% 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 $ 249,129.48 $ 5.00% 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 $ 249,565.23 $ 4.99% 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 $ 244,535.43 $ 0.81% 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 $ 250,815.21 $ 4.91% 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 $ 247,339.75 $ 5.10% 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 $ 247,011.45 $ 4.96% 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 $ 246,928.15 $ 4.61% 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 $ 247,908.15 $ 4.60% 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 $ 247,827.30 $ 4.60% 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 $ 247,217.25 $ 4.46% 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 $ 247,682.75 $ 4.55% 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 $ 247,898.35 $ 4.60% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Medallion Bank 58404DUA7 12/13/23 12/29/26 245,000.00 $ 245,000.00 $ 247,254.00 $ 4.46% 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 $ 253,997.43 $ 4.90% City of Vernon
Report of Cash and Investments - Detail Schedule
For the Quarter Ended December 31, 2024
FINANCIAL
INSTITUTION ACCOUNT NAME INVESTMENT TYPE INVESTMENT NAME CUSIP
NUMBER
PURCHASE
DATE
DATE OF
MATURITY
FACE VALUE
(PAR)
AMOUNT
INVESTED
MARKET
VALUE
INTEREST
RATE
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 $ 255,142.83 $ 4.88% 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 $ 255,212.55 $ 4.88% 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 $ 254,946.12 $ 4.83% 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 $ 255,277.29 $ 4.88% 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 $ 253,361.76 $ 4.65% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Cornerstone Bank 219232CR4 05/02/23 05/10/28 245,000.00 $ 245,000.00 $ 253,369.93 $ 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 $ 200,710.00 $ 5.08% 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 $ 256,895.79 $ 4.80% 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 $ 249,326.19 $ 5.59% 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 $ 256,148.79 $ 4.71% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Lincoln Park Community CU 534574AC2 08/18/23 08/28/28 249,000.00 $ 249,000.00 $ 257,433.63 $ 4.84% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit Greenstate Credit Union 39573LEL8 08/18/23 08/29/28 249,000.00 $ 249,000.00 $ 257,461.02 $ 4.84% 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 $ 260,693.04 $ 4.63% 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 $ 250,118.01 $ 5.48% Stifel, Nicolaus & Company City of Vernon Certificate of Deposit UBS Bank USA 90355GJQ0 12/13/23 12/20/28 245,000.00 $ 245,000.00 $ 248,564.75 $ 4.34% Stifel, Nicolaus & Company City of Vernon US Government Agency Bonds Fed Home Loan Mortgage Corp 3132XGUR5 08/03/23 05/01/28 8,477,000.00 $ 8,408,124.38 $ 8,476,694.82 $ 5.04% 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 $ 6,877,732.96 $ 6,970,182.13 $ 4.98% Stifel, Nicolaus & Company City of Vernon US Government Agency Bonds Fed Home Loan Mortgage Corp 3132XGVA1 11/20/23 04/01/28 15,000,000.00 $ 14,544,198.30 $ 14,765,824.22 $ 4.71% Stifel, Nicolaus & Company City of Vernon US Government Agency Bonds Fed Home Loan Mortgage Corp 3134GXS88 04/15/24 02/28/25 5,000,000.00 $ 4,948,316.40 $ 4,996,750.00 $ 4.00% Stifel, Nicolaus & Company City of Vernon Municipal Bonds San Diego County 797400LF3 08/31/23 04/01/28 685,000.00 $ 622,610.20 $ 642,783.45 $ 2.52% Stifel, Nicolaus & Company 124,680,021.12 $ 123,891,937.85 $ 124,483,027.37 $ Total Cash and Investments 271,806,225.51 $ 270,861,645.65 $ 271,609,231.76 $