CC 2023-01-10_9b Supplemental 1MEMORANDUM
TO: City Council
FROM: Nicole Valentine, Administrative Services Director
SUBJECT: Supplemental Information
Agenda Item 9.b. – Consideration of Statement of Investment Deposits
D ATE: January 10, 2023
Enclosed is an updated Attachment 1 of the Statement of Investment Deposits staff report
(page 31 and 32 in the Agenda Packet).
The Total Investments % of Portfolio column equaled 111.549%. The total should always
equal 100.000%, staff inadvertently entered the interest rate for 3 new CD’s under the %
of Portfolio column. Attached to this memo is the corrected Statement of Investment
Deposits with the percentage corrections highlighted in yellow.
cc: City Manager
City Attorney
City Clerk
City Website (or public review binder)
ATTACHMENT 1
City of Arroyo Grande
300 E. Branch St.
Arroyo Grande, CA 93420
Phone: (805) 473-5400
CITY OF ARROYO GRANDE
Portfolio Management
Portfolio Summary
November 30, 2022
Investments Principal Value Current Market Value Interest Rate Date of Purchase Term Maturity Date % of Portfolio
Local Agency Investment Fund 15,187,164.06$ 15,187,164.06$ 2.007%48.810%
Certificates of Deposit
Pacific Premier Bank 249,000.00 249,000.00 0.200%February 21, 2022 12 mos February 21, 2023 0.800%
1st Security Bank Washington 249,000.00 249,000.00 1.700%October 4, 2019 42 mos April 4, 2023 0.800%
Morgan Stanley Private Bank 247,000.00 247,000.00 2.250%July 11, 2019 45 mos July 11, 2023 0.794%
Merrick Bank 249,000.00 249,000.00 1.800%October 16, 2019 48 mos October 16, 2023 0.800%
BMW Bank North America 249,000.00 249,000.00 0.500%July 16, 2021 36 mos July 16, 2024 0.800%
Mountain America Federal Credit Union 249,000.00 249,000.00 4.750%October 14, 2022 24 mos October 15, 2024 0.800%
Enerbank USA 247,000.00 247,000.00 1.850%October 25, 2019 60 mos October 25, 2024 0.794%
Wells Fargo Bank 249,000.00 249,000.00 4.600%October 28, 2022 24 mos October 28, 2024 0.800%
Beal Bk Plano TX 247,000.00 247,000.00 1.350%March 26, 2022 36 mos March 26, 2025 0.794%
Beal Bk Las Vegas NV 247,000.00 247,000.00 1.250%March 26, 2022 36 mos March 26, 2025 0.794%
Flagstar Bank 245,000.00 245,000.00 0.850%May 15, 2020 60 mos May 15, 2025 0.788%
American Express National Bank 246,000.00 246,000.00 3.100%May 25, 2022 36 mos May 25, 2025 0.791%
New York Community Bank 249,000.00 249,000.00 0.550%July 1, 2021 48 mos July 1, 2025 0.800%
Chief Financial Federal Credit Union 249,000.00 249,000.00 4.600%October 12, 2022 36 mos October 14, 2025 0.800%
Live Oak Bank 249,000.00 249,000.00 3.150%May 25, 2022 48 mos May 26, 2026 0.800%
UBS Bank USA 249,000.00 249,000.00 0.900%July 21, 2021 60 mos July 21, 2026 0.800%
Toyota Financial Savings Bank 248,000.00 248,000.00 0.950%July 22, 2021 60 mos July 22, 2026 0.797%
Bank United NA 249,000.00 249,000.00 1.350%December 8, 2021 60 mos December 8, 2026 0.800%
Capital One Bank USA 248,000.00 248,000.00 1.250%December 8, 2021 60 mos December 8, 2026 0.797%
Discover Bank 246,000.00 246,000.00 3.200%May 18, 2022 60 mos May 19, 2027 0.791%
Total Certificates of Deposit 4,960,000.00 4,960,000.00 15.940%
Agency Bonds
Federal Farm Credit Bank 2,500,000.00 2,426,122.50 1.600%November 1, 2019 48 mos November 1, 2023 8.035%
Federal Farm Credit Bank 1,999,314.00 1,868,684.00 0.350%December 4, 2020 42 mos May 16, 2024 6.426%
Federal Home Loan Bank 499,252.43 487,275.08 1.000%July 19, 2022 29 mos December 20, 2024 1.605%
Federal Farm Credit Bank 998,431.00 911,075.00 0.430%March 17, 2021 48 mos March 3, 2025 3.209%
Federal Natl Mortgage Assn 1,000,000.00 885,257.00 0.500%October 20, 2020 60 mos October 20, 2025 3.214%
Federal Home Loan Bank 999,500.00 882,932.00 0.800%March 17, 2021 60 mos March 10, 2026 3.212%
Federal Home Loan Bank 994,396.00 908,201.00 2.400%March 17, 2021 72 mos March 29, 2027 3.196%
Federal Home Loan Bank 500,000.00 469,803.50 3.375%May 17, 2022 60 mos May 17, 2027 1.607%
Total Agency Bonds 9,490,893.43 8,839,350.08 30.504%
ATTACHMENT 1
City of Arroyo Grande
300 E. Branch St.
Arroyo Grande, CA 93420
Phone: (805) 473-5400
CITY OF ARROYO GRANDE
Portfolio Management
Portfolio Summary
November 30, 2022
Investments Principal Value Current Market Value Interest Rate Date of Purchase Term Maturity Date % of Portfolio
Municipal Bonds
California State GO Various Purp Bond 491,810.00 466,720.00 3.100%May 12, 2022 47 mos April 1, 2026 1.581%
Total Municipal Bonds 491,810.00 466,720.00 1.581%
Treasury Obligations
U.S. Treasury Z-2026 Series 984,728.00 881,680.00 1.100%December 6, 2021 53 mos May 31, 2026 3.165%
Total Treasury Obligations 984,728.00 881,680.00 3.165%
TOTAL INVESTMENTS 31,114,595.49$ 30,334,914.14$ 100.000%