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FC - Item 4A - 2024-25 Qtrly Investment Report to Council - June 2025CITY OF ROSEMEAD  Finance Department    MEMORANDUM      TO: Honorable Mayor and Members of the City Council  FROM: Bryan Chua, Assistant City Manager/Finance Director/City Treasurer     DATE: July 28, 2025    SUBJECT: QUARTERLY CASH AND INVESTMENT REPORT – June 2025      OVERVIEW  Both the Rosemead Municipal Code (§2.36.040) and the officially adopted Annual Investment  Policy mandate the submission of quarterly reports on invested cash to the City Council.  According to Section V of the City of Rosemead Investment Policy, which the City Council  approved on June 27, 2024, the Assistant City Manager/Finance Director is required to submit  quarterly investment reports to the City Council within 31 days after the end of each quarter. The  report should consist of a cover page (this memo), a graphical representation comparing the  portfolio's composition and maturity distribution, a list of individual investment transactions  made during the quarter, and specific details about each security. The City of Rosemead  Treasurer's Report for the third quarter of FY 2024‐25 (June 30, 2025), which is included here,  satisfies the reporting obligation of the Investment Policy and the RMC.    According to Section 2.36 of the City's Municipal Code, the Investment Committee is required to  convene on a regular basis to assess the City's Investments. To fulfill this stipulation, the  Investment Committee convened on July 28, 2025, to receive a report on the current condition  of the City's cash and investments. The Committee endorsed the City of Rosemead Treasurer's  Report in its original form.    ANALYSIS  The City holds funds in multiple banks, maintains deposits in the Local Agency Investment Fund  (LAIF), and invests in Certificates of Deposit (CDs), U.S. securities/Agencies, Corporate Bonds, and  money market accounts. The attached report provides a comprehensive description of all items.  The cash stated in this report encompasses all funds within the City, including the Successor  Agency and the Housing Development Corporation. The City operates using a 'pooled cash'  system, where all funds are combined for banking and investment purposes, while still  maintaining separate ownership of the cash for each individual fund.     Cash and Investment Report – June 2025  July 28, 2025  Page 2 of 2  The invested portion of the portfolio amounted to $88,075,363 for the quarter ending June 2025,  representing a $7.8 million increase compared to the previous quarter. The increase is due to the  City revenues that were collected in May 2025. During the quarter, two Certificates of Deposit  and one US Treasury Note reached their maturity date, and two Certificates of Deposit and one  US Treasury Note were redeemed. The investments that were made included four Certificates of  Deposit and US Treasury Note. Additionally, there were two deposits to the LAIF account for a  total net increase of $7.53 million in cash invested. The investment activity is an ongoing process  of readjusting the portfolio in order to capitalize on the higher investment returns available in  the wider market for fixed income securities. The City's investment balance in actively  managed fixed income securities increased by 11%, or $3.0 million, from $28.1 million to $31.1  million between June 30, 2024, and June 30, 2025. The average return rate decreased from 4.32%  to 4.21%, resulting in a 0.11% decrease or ‐11 basis points. As indicated in the 'Comparative Data'  section, the amount of cash invested has shown an upward trend in the past year. This rise is due  to overall cash increases in almost all operating funds. The aggregate amount of cash and  investments held by the banks on June 30, 2025, is $92,032,937, which is allocated as follows:                  The following chart provides a summary of the Invested Cash portfolio:        Non‐invested cash accounts refer to the funds held in bank accounts that are used for paying  weekly accounts payable, bi‐weekly payroll checks, and receiving City revenue. The balances in  these accounts are adjusted to ensure that they are sufficient to cover any outstanding checks  and upcoming expenses.    ATTACHMENT  Cash and Investment Report – Quarter Ending June 2025  Non‐Invested Cash Accounts Bank  Statement  Amount  Market Value  BANK OPERATING ACCOUNTS (1) City ‐ BMO ‐ General Checking Account 3,341,693$      3,341,693            City ‐ BMO ‐ Payroll Account 489,962           489,962               RHDC ‐ Citizens ‐ Angelus Operating 34,347              34,347                 RHDC ‐ Citizens ‐ Angelus Deposit 16,806              16,806                 RHDC ‐ Citizens ‐ Garvey Operating 38,148              38,148                 RHDC ‐ Citizens ‐ Garvey Deposit 25,659              25,659                 SA ‐ BMO ‐ General Checking Account 10,000              10,000                 TOTAL OPERATING ACCOUNTS 3,956,615$      3,956,615            Cash with Fiscal Agent Statement  Amount Interest  Rate  Market Value  2016 Subordinate Tax Allocation Refunding Bonds: 2016 Interest Account ‐ U.S. Bank 959 varies 959                       2016 Reserve Account ‐ U.S. Bank   (Non‐cash Ins Policy)‐                     ‐ ‐                       TOTAL CASH WITH FISCAL AGENT 959$                 959                       Investments Purchase  Date Maturity  Date  Original Cost Par Value Interest  Rate  Estimated  Market Value  LOCAL AGENCY INVESTMENT FUND L. A. I. F.  (State of California) 56,676,046         56,676,046$    4.27% 56,676,046         CERTIFICATES OF DEPOSIT Discover BK CD 06/01/2022 06/02/2025 Matured Matured Matured Matured Goldman Sachs Bk USA CD 06/01/2022 06/02/2025 Matured Matured Matured Matured BMO Bank 05/09/2023 05/08/2026 244,004               244,000 4.60% 244,983               Greenstate Credit Union 05/17/2023 05/18/2026 249,004               249,000 4.80% 250,609               Alabama Credit Union 06/20/2023 06/22/2026 248,004               248,000 5.00% 250,321               Austin Telco Federal Credit Union 11/28/2022 11/27/2026 248,006               248,000 5.05% 251,541               Celtic Bank 12/19/2022 12/21/2026 249,006               249,000 4.20% 249,710               M&T Bank Corporation 01/20/2023 01/20/2027 244,004               244,000 4.00% 243,980               Texas Exchange Bank 02/24/2023 02/24/2027 248,004               248,000 4.10% 248,432               Global Federal Credit Union 05/12/2023 05/12/2027 249,004               249,000 4.60% 251,781               Capital One National Assoc VA 12/11/2024 08/03/2027 242,242               245,000 3.55% 242,908               Chartway Federal CU 09/08/2023 09/08/2027 248,007               248,000 5.00% 253,317               Connexus Credit Union 09/26/2023 09/27/2027 248,004               248,000 5.05% 253,729               Ideal Cr Un Woodbury 12/29/2022 12/29/2027 249,004               249,000 4.50% 252,065               Liberty First 02/03/2023 02/03/2028 249,004               249,000 4.35% 251,241               LIQUID CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of June 30, 2025 (1) These are the actual bank account balances as of the end of the month.   June 2025 ‐ Investment Report  Page 1  CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of June 30, 2025 Investments (continued)Purchase  Date Maturity  Date  Original Cost Par Value Interest  Rate  Estimated  Market Value  Synchrony Bank 03/24/2023 03/24/2028 243,004               243,000 5.00% 249,145               American Express National Bank 03/29/2023 03/29/2028 244,004               244,000 4.75% 248,631               City National Bank 03/14/2024 03/31/2028 247,204               240,000 5.00% 245,506               Pitney Bowes Bank 08/31/2023 04/13/2028 243,460               245,000 4.35% 247,264               Morgan Stanley Bank NA 04/20/2023 04/20/2028 244,004               244,000 4.65% 245,157               HSBC Bank USA 08/31/2023 04/21/2028 239,616               249,000 3.60% 246,395               Univest National Bank 05/12/2023 05/12/2028 249,004               249,000 4.35% 251,383               CIBC Bank USA 05/16/2023 05/16/2028 244,004               244,000 4.35% 246,203               Medallion Bank 05/18/2023 05/24/2028 Redeemed Redeemed Redeemed Redeemed First County Bank 05/26/2023 05/26/2028 Redeemed Redeemed Redeemed Redeemed Numerica Credit Union 05/30/2023 05/30/2028 200,004               200,000 4.70% 203,882               Thread Bank 06/16/2023 06/16/2028 249,004               249,000 4.40% 257,045               Jefferson Credit Union 06/20/2023 06/20/2028 248,004               248,000 5.00% 248,622               Bank of the Sierra 08/31/2023 08/18/2028 244,004               244,000 4.50% 247,472               Freedom Northwest CU 09/19/2023 09/19/2028 248,004               248,000 5.65% 248,702               Empower Credit Union 09/29/2023 09/29/2028 248,004               248,000 5.10% 256,199               Dort Financial CU 10/10/2023 10/10/2028 246,004               246,000 5.00% 253,444               Customers Bank 10/18/2024 10/18/2028 220,004               220,000 3.85% 218,805               Utah First Federal CU 10/30/2023 10/30/2028 248,004               248,000 5.10% 256,390               BMW Bank NA 11/08/2024 11/08/2028 245,004               245,000           4.00% 244,743               San Francisco FCU 11/27/2024 11/27/2028 249,004               249,000           4.25% 250,815               MS Private Bank 02/16/2024 02/16/2029 244,004               244,000 4.65% 244,041               UBS Bank USA 02/28/2024 02/28/2029 249,004               249,000 4.20% 250,409               Spur Security Bank 03/27/2024 03/12/2029 244,004               244,000 4.20% 245,247               Morgantown B & T 03/22/2024 03/22/2029 249,004               249,000 4.15% 249,976               First Foundation Bank 05/10/2024 05/10/2029 244,004               244,000 4.60% 248,687               Toyota Financial Savings Bank 05/14/2024 05/14/2029 245,614               244,000 4.60% 248,695               Cross River Bank 05/15/2024 05/15/2029 244,540               244,000 4.50% 247,831               Farmers & Merchants Bank 05/21/2024 05/21/2029 248,004               248,000 4.50% 252,060               Merchants Commercial Bank 05/21/2024 05/21/2029 248,004               248,000 4.50% 252,060               Covantage CR UN Antigo 05/27/2025 05/29/2029 186,004              186,000 4.05% 187,110               Beal Bank 06/05/2024 05/30/2029 240,004               240,000 4.70% 245,594               Consumers FCU 08/27/2024 08/09/2029 248,004               248,000 3.80% 245,664               Enterprise Bank 08/28/2024 08/28/2029 249,004               249,000 3.80% 246,620               Merrick Bank 08/29/2024 08/29/2029 245,004               245,000 3.75% 242,187               Altaone FCU 09/13/2024 09/13/2029 248,004               248,000 3.85% 246,085               Bank of Hapoalim NY 09/18/2024 09/18/2029 245,004               245,000 3.80% 242,530               Amerant Bank NA 09/20/2024 09/19/2029 247,209               245,000 3.75% 241,310               United Community Bank 09/20/2024 09/20/2029 240,004               240,000 3.60% 235,814               State Bank of IN 09/25/2024 09/25/2029 245,004               245,000 3.75% 242,048               First Premier Bank 09/26/2024 09/26/2029 240,004               240,000 3.65% 236,182               BNY Mellon Bank 09/27/2024 09/27/2029 245,004               245,000 3.45% 239,213               June 2025 ‐ Investment Report  Page 2  CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of June 30, 2025 Investments (continued)Purchase  Date Maturity  Date  Maturity Date Original Cost Par Value  Interest Rate  First Business Bank WI 09/30/2024 09/28/2029 245,004               245,000 3.45% 239,287               Sunwest Bank 09/28/2024 09/28/2029 245,004               245,000 3.45% 239,294               Parkside Financial B&T 10/08/2024 10/09/2029 249,004               249,000 3.45% 243,146               Malaga Bank FSB 10/16/2024 10/16/2029 249,004               249,000 3.50% 243,609               EagleBank 10/25/2024 10/25/2029 220,004               220,000 3.75% 217,389               Third Federal S&L Bank 12/18/2024 12/18/2029 245,004               245,000 4.00% 244,419               Sallie Mae Bank 12/19/2024 12/19/2029 134,004               134,000 4.10% 134,225               First Bank of the Lake 02/18/2025 02/18/2030 249,004               249,000 4.20% 250,576               Medallion BK Utah 06/17/2025 06/17/2030 249,004              249,000 4.15% 250,140               Nicolet Natl Bk Green Bay WI 06/17/2025 06/17/2030 240,004              240,000 4.00% 239,460               Poppy BK Santa Rosa Calif 06/17/2025 06/17/2030 240,004              240,000 4.00% 239,383               Sub‐Total 15,474,092         15,476,000$    15,540,714         U.S. TREASURY/AGENCY SECURITIES Federal Farm Cr Bks Bond 06/09/2022 05/23/2025 Matured Matured Matured Matured Federal Home Loan Bank 04/19/2023 07/18/2025 271,456               275,000 3.60% 274,898               Federal Home Loan Mtg Corp Mtn 08/16/2022 08/25/2025 280,006               280,000 3.50% 279,538               Federal Natl Mtg Assn Note 02/10/2023 08/28/2025 292,157               295,000 4.00% 294,708               Federal Home Loan Bank 11/16/2022 04/29/2026 480,006               500,000 3.00% 495,485               Federal Home Ln Mtg Corp 03/06/2023 06/29/2026 Redeemed Redeemed Redeemed Redeemed Federal Home Ln Mtg Corp Note 11/30/2022 08/25/2027 388,336               390,000 4.40% 389,325               Federal Home Loan Bank 11/15/2022 09/14/2027 491,361               500,000 4.00% 496,690               Federal Natl Mtg Assn Note 10/30/2024 04/17/2028 525,204               500,000 5.63% 523,040               Federal Home Ln Mtg Corp Note 10/18/2023 07/18/2028 384,041               385,000 5.00% 385,015               Federal Agriculture Mortgage Corp 01/24/2024 11/28/2028 506,354               500,000 5.23% 500,590               Federal Agriculture Mortgage Corp 02/08/2024 01/22/2029 499,214               500,000 4.04% 502,365               Federal Home Loan Bank 04/05/2024 03/22/2029 563,028               560,000 4.75% 565,606               Federal Home Loan Bank 05/31/2024 05/22/2029 160,373               160,000 5.13% 160,771               Federal Agriculture Mortgage Corp 10/29/2024 06/12/2029 526,295               525,000 4.11% 528,455               Federal, Home Loan BA SER El‐9029 01/07/2025 12/10/2029 498,879               500,000 4.38% 501,590               Federal, Home Loan BA SER RL‐2029 01/14/2025 12/14/2029 485,004               485,000 4.50% 497,091               Federal Farm Cr Bks Bond 03/24/2025 01/24/2030 450,004               450,000 4.00% 452,889               Federal Home Loan Banks Bond 06/03/2025 03/08/2030 509,774              500,000 4.38% 511,920               Federal Farm Cr Bks Bond 03/25/2025 03/18/2030 554,626               555,000 4.00% 556,410               Sub‐Total 7,866,113           7,860,000$      7,916,386            June 2025 ‐ Investment Report  Page 3  CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of June 30, 2025 Investments (continued)Purchase  Date Maturity  Date  Original Cost Par Value Interest  Rate  Estimated  Market Value  CORPORATE BONDS Citigroup Global Mkts Hldgs In Ser N 07/31/2020 07/31/2025 800,006               800,000 1.50% 797,504               Capital Impact Partners Invt Mtn 09/24/2020 09/15/2025 250,006               250,000 1.00% 247,790               Morgan Stanley 11/23/2022 01/27/2026 489,376               500,000 3.88% 497,905               Berkshire Hathaway 12/23/2022 03/15/2026 486,454               500,000 3.13% 496,105               JP Morgan Chase 01/27/2023 04/01/2026 487,449               500,000 3.30% 496,590               US Bancorp 11/14/2022 04/27/2026 470,206               500,000 3.10% 494,950               Bank of NY 11/14/2022 01/26/2027 446,456               500,000 2.05% 484,755               Amazon Com Inc 12/22/2022 08/22/2027 477,929               500,000 3.15% 491,855               Toyota Motor Credit Corporation 11/22/2022 09/20/2027 498,901               500,000 4.55% 504,195               Apple Inc 11/30/2022 11/13/2027 477,731               500,000 3.00% 490,345               Inter‐American Development Bank 02/24/2023 02/24/2028 580,007               580,000 4.38% 579,611               California St Taxable Var Purp Go 11/07/2024 08/01/2029 751,276               745,000 4.50% 758,224               Prudential Financial A3 08/22/2024 08/15/2029 450,004               450,000 4.25% 457,223               California St Taxable Var Purp Go 10/01/2024 10/01/2029 232,699               250,000 2.50% 235,085               Inter‐American Development Bank 10/30/2024 10/16/2029 495,004               500,000 3.88% 499,925               Capital Impact Partners Invt Mtn 03/13/2025 03/15/2030 150,004               150,000 5.20% 151,487               Sub‐Total 7,543,502           7,725,000$      7,683,548            CAMBRIDGE CASH HELD FOR INVESTMENTS 338,316              338,316$         Varies 338,316               TOTAL INVESTMENTS 87,898,071         88,075,363$    88,155,011         Market values are provided by statements from issuers Cash and Investments by Type Par Value  % of Invested  Cash  BANK ACCOUNTS ‐ non‐invested & FISCAL AGENT 3,957,575$       LAIF 56,676,046$    64% Not restricted ($75,000,000 max) CERTIFICATES OF DEPOSIT 15,476,000      18% No more than 30% of Portfolio U.S. TREASURY/AGENCY SECURITIES 7,860,000        9% No more than 70% of Portfolio CORPORATE BONDS 7,725,000        9% No more than 25% of Portfolio CANTELLA & CO., INC.338,316            0%      Total Investments 88,075,363$    100% Total ‐ Cash and Investments 92,032,937$     Cash and Investments by Agency Accts Par Value % of Total Cash CITY 91,907,018$    100% Successor Agency 10,959              0% Housing Development Corporation*114,960            0%      Total Investments 92,032,937$    100% *unavailable at the time of reporting Policy Restrictions by Investment Type June 2025 ‐ Investment Report  Page 4  CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of June 30, 2025 Pie Charts Reflecting Data Comparative Data 4.27% 4.34% 4.48% 4.56% 4.36% 4.12% 3.81% 3.42% Policy Compliance Bryan Chua, Finance Director/City Treasurer Quarter End Invested Cash  (excl non‐invested) Average Quarterly LAIF  Effective Yields Jun 2025 88,075,363 Mar 2025 80,273,287 Dec 2024 74,138,079 Sep 2024 77,080,471 Sep 2023 69,320,852 This is to certify that the above report accurately reflects all City investments and is in conformity with the City's 2024‐25 Investment Policy as approved by the City Council on June 27, 2024. A copy of the Policy may be found on the City's webpage at www.cityofrosemead.org or at the City Clerks Office. The cash and investments shown, along with anticipated revenues, provide sufficient cash flow liquidity to meet the next six month's estimated expenditures pending any unforeseen catastrophic events. Jun 2024 82,645,755 Mar 2024 72,912,400 Dec 2023 68,696,366 LAIF 64% CERTIFICATES OF  DEPOSIT 18% U.S. TREASURY/AGENCY  SECURITIES… CORPORATE  BONDS 9% CAMBRIDGE 0% LAIF 80% 1 Yr 7% 2 Yr 3% 3 Yr 10% Investments by Category Investments by Maturity June 2025 ‐ Investment Report  Page 5