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FC - Agenda - 04-29-2026 City of Rosemead Investment Committee Quarterly Meeting Agenda April 29, 2026 At 9:00 A.M. 8838 E. Valley Boulevard, Rosemead, CA 91770 Ben Kim, City Manager Bryan Chua, Assistant City Manager/Finance Director Ericka Hernandez, City Clerk 1. CALL TO ORDER – 9:00 A.M. 2. ROLL CALL City Manager Kim Assistant City Manager/Finance Director Chua City Clerk Hernandez 3. FINANCE COMMITTEE MEETING MINUTES - Approval of the February 2, 2026, Meeting Minutes 4. STATUS REPORTS - Review of the Quarterly Cash and Investment Report ending on March 2026 5. ADJOURNMENT Finance Investment Committee Minutes of February 2, 2026 Page 1 of 1 CITY OF ROSEMEAD FINANCE INVESTMENT COMMITTEE QUARTERLY MEETING MINUTES FEBRUARY 2, 2026 1. CALL TO ORDER The quarterly meeting of the Rosemead City Finance Investment Committee was called to order by City Clerk Hernandez at 9:00 a.m. at Rosemead City Hall at 8838 E. Valley Boulevard, Rosemead, California. 2. ROLL CALL City Manager Kim, Assistant City Manager Chua, and City Clerk Hernandez 3. FINANCE COMMITTEE MEETING MINUTES ACTION: Motion by City Manager Kim, seconded by Assistant City Manager Chua to approve the October 29, 2025, regular meeting minutes. Motion was carried by the following votes: AYES: Chua and Kim. 4. STATUS REPORTS Review of Quarterly Cash and Investment Report ending on December 2025. The treasurer’s reports were reviewed by Assistant City Manager Chua. This is a receive and file report. 5. ADJOURNMENT The meeting was adjourned at 9:10 a.m. Respectfully submitted: Approved: __________________________ ____________________________ City Clerk City Manager CITY OF ROSEMEAD Finance Department MEMORANDUM TO: Honorable Mayor and Members of the City Council FROM: Bryan Chua, Finance Director/City Treasurer DATE: April 29, 2026 SUBJECT: QUARTERLY CASH AND INVESTMENT REPORT – MARCH 2026 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 10, 2025, 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 second quarter of FY 2025-26 (March 31, 2026), 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 April 29, 2026, 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 – March 2026 April 29, 2026 Page 2 of 2 The invested portion of the portfolio totaled $80,713,577 for the quarter ending March 2026, reflecting a $5.1 million increase from the prior quarter. The increase is primarily attributable to the major revenue collections received in January this year. During the quarter one Certificates of Deposit and two Agency Securities were redeemed, contributing to normal portfolio turnover. The investments that were made included the purchase of one Certificates of Deposit and four Agency Securities and two Agency Securities matured and one Agency Security was redeemed. The City's investment balance in actively managed fixed income securities increased by 0.5%, or $1.2 million, from $31.1 million to $32.3 million between March 31, 2025, and March 31, 2026. The average return rate decreased from 4.21% to 4.16%, resulting in a 0.05% decrease or 5 basis points. The aggregate amount of cash and investments held by the banks on March 31, 2026, is $83,947,682, 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 March 2026 Investment Type Beginning Balance Deposits/ Purchases Withdrawls/ Maturities Ending Balance LAIF $ 44,813,252 5,500,880 2,000,000 $ 48,314,132 Certificates of Deposit 16,847,000 244,000 17,091,000 US Securities 7,000,000 1,890,000 8,890,000 Corporate Bonds 6,675,000 1,580,000 5,095,000 Local Agency Obligations 1,225,000 1,225,000 Money Market - Cantella 284,552 98,444 $ 76,844,804 7,634,880 3,580,000 $ 80,713,577 Total Cash and Investments Cash Deposits $ 6,819,848 Cash with Fiscal Agent 290,024 Invested Cash 80,713,577 $ 87,823,449 Non-Invested Cash Accounts Bank Statement Amount Market Value BANK OPERATING ACCOUNTS (1) City - BMO - General Checking Account 5,902,771$ 5,902,771 City - BMO - Payroll Account 689,554 689,554 City - BMO - Public Funds Checking 14,467 14,467 RHDC - Citizens - Angelus Operating 134,333 134,333 RHDC - Citizens - Angelus Deposit 18,936 18,936 RHDC - Citizens - Garvey Operating 23,305 23,305 RHDC - Citizens - Garvey Deposit 26,482 26,482 SA - BMO - General Checking Account 10,000 10,000 TOTAL OPERATING ACCOUNTS 6,819,848$ 6,819,848 Cash with Fiscal Agent Statement Amount Interest Rate Market Value 2016 Subordinate Tax Allocation Refunding Bonds: 2016 Interest Account - U.S. Bank 290,024 varies 290,024 TOTAL CASH WITH FISCAL AGENT 290,024$ 290,024 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) 48,314,132 48,314,132$ 3.88% 48,314,132 CERTIFICATES OF DEPOSIT BMO Bank 05/09/2023 05/08/2026 244,004 244,000 4.60% 244,178 Greenstate Credit Union 05/17/2023 05/18/2026 249,004 249,000 4.80% 249,289 Alabama Credit Union 06/20/2023 06/22/2026 248,004 248,000 5.00% 248,630 Austin Telco Federal Credit Union 11/28/2022 11/27/2026 248,006 248,000 5.05% 249,887 Celtic Bank 12/19/2022 12/21/2026 249,006 249,000 4.20% 249,593 M&T Bank Corporation 01/20/2023 01/20/2027 244,004 244,000 4.00% 244,234 Texas Exchange Bank 02/24/2023 02/24/2027 248,004 248,000 4.10% 248,479 Global Federal Credit Union 05/12/2023 05/12/2027 249,004 249,000 4.60% 250,920 Capital One National Assoc VA 12/11/2024 08/03/2027 242,242 245,000 3.55% 243,898 Chartway Federal CU 09/08/2023 09/08/2027 248,007 248,000 5.00% 251,822 Connexus Credit Union 09/26/2023 09/27/2027 248,004 248,000 5.05% 252,169 Ideal Cr Un Woodbury 12/29/2022 12/29/2027 249,004 249,000 4.50% 251,545 Liberty First 02/03/2023 02/03/2028 249,004 249,000 4.35% 251,012 Synchrony Bank 03/24/2023 03/24/2028 243,004 243,000 5.00% 247,957 American Express National Bank 03/29/2023 03/29/2028 244,004 244,000 4.75% 247,855 City National Bank 03/14/2024 03/31/2028 247,204 240,000 5.00% 244,586 LIQUID CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of March 31, 2026 (1) These are the actual bank account balances as of the end of the month. March 2026 - Investment Report Page 1 CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of March 31, 2026 Investments (continued)Purchase Date Maturity Date Original Cost Par Value Interest Rate Estimated Market Value Pitney Bowes Bank 08/31/2023 04/13/2028 243,460 245,000 4.35% 247,168 Morgan Stanley Bank NA 04/20/2023 04/20/2028 244,004 244,000 4.65% 244,032 HSBC Bank USA 08/31/2023 04/21/2028 239,616 249,000 3.60% 247,506 Univest National Bank 05/12/2023 05/12/2028 249,004 249,000 4.35% 251,236 CIBC Bank USA 05/16/2023 05/16/2028 244,004 244,000 4.35% 246,172 Numerica Credit Union 05/30/2023 05/30/2028 200,004 200,000 4.70% 203,324 Thread Bank 06/16/2023 06/16/2028 249,004 249,000 4.40% 255,551 Bank of the Sierra 08/31/2023 08/18/2028 244,004 244,000 4.50% 247,194 Empower Credit Union 09/29/2023 09/29/2028 248,004 248,000 5.10% 254,924 Dort Financial CU 10/10/2023 10/10/2028 246,004 246,000 5.00% 252,430 Customers Bank 10/18/2024 10/18/2028 220,004 220,000 3.85% 219,573 Utah First Federal CU 10/30/2023 10/30/2028 248,004 248,000 5.10% 255,187 BMW Bank NA 11/08/2024 11/08/2028 245,004 245,000 4.00% 245,424 San Francisco FCU 11/27/2024 11/27/2028 249,004 249,000 4.25% 251,004 UBS Bank USA 02/28/2024 02/28/2029 249,004 249,000 4.20% 250,768 Spur Security Bank 03/27/2024 03/12/2029 244,004 244,000 4.20% 245,647 Morgantown B & T 03/22/2024 03/22/2029 249,004 249,000 4.15% 250,439 First Foundation Bank 05/10/2024 05/10/2029 244,004 244,000 4.60% 248,585 Toyota Financial Savings Bank 05/14/2024 05/14/2029 245,614 244,000 4.60% 248,597 Cross River Bank 05/15/2024 05/15/2029 244,540 244,000 4.50% 247,889 Farmers & Merchants Bank 05/21/2024 05/21/2029 248,004 248,000 4.50% 252,008 Merchants Commercial Bank 05/21/2024 05/21/2029 248,004 248,000 4.50% 252,008 Covantage CR UN Antigo 05/27/2025 05/29/2029 186,004 186,000 4.05% 187,497 Beal Bank 06/05/2024 05/30/2029 240,004 240,000 4.70% 245,294 Consumers FCU 08/27/2024 08/09/2029 248,004 248,000 3.80% 246,745 Enterprise Bank 08/28/2024 08/28/2029 249,004 249,000 3.80% 247,695 Merrick Bank 08/29/2024 08/29/2029 245,004 245,000 3.75% 243,324 Altaone FCU 09/13/2024 09/13/2029 248,004 248,000 3.85% 247,068 Bank of Hapoalim NY 09/18/2024 09/18/2029 245,004 245,000 3.80% 243,601 Amerant Bank NA 09/20/2024 09/19/2029 247,209 245,000 3.75% 242,579 United Community Bank 09/20/2024 09/20/2029 240,004 240,000 3.60% 237,144 State Bank of IN 09/25/2024 09/25/2029 245,004 245,000 3.75% 243,194 First Premier Bank 09/26/2024 09/26/2029 240,004 240,000 3.65% 237,456 BNY Mellon Bank 09/27/2024 09/27/2029 245,004 245,000 3.45% 240,818 First Business Bank WI 09/30/2024 09/28/2029 245,004 245,000 3.45% 240,896 Sunwest Bank 09/28/2024 09/28/2029 245,004 245,000 3.45% 240,882 Parkside Financial B&T 10/08/2024 10/09/2029 249,004 249,000 3.45% 244,750 Malaga Bank FSB 10/16/2024 10/16/2029 249,004 249,000 3.50% 245,131 EagleBank 10/25/2024 10/25/2029 220,004 220,000 3.75% 218,376 March 2026 - Investment Report Page 2 CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of March 31, 2026 Investments (continued)Purchase Date Maturity Date Original Cost Par Value Interest Rate Estimated Market Value Third Federal S&L Bank 12/18/2024 12/18/2029 245,004 245,000 4.00% 245,132 Sallie Mae Bank 12/19/2024 12/19/2029 134,004 134,000 4.10% 134,531 First Bank of the Lake 02/18/2025 02/18/2030 249,004 249,000 4.20% 250,897 Nelnet BK Draper Utah 03/04/2026 03/04/2030 244,004 244,000 3.50% 239,615 Medallion BK Utah 06/17/2025 06/17/2030 249,004 249,000 4.15% 250,427 Nicolet Natl Bk Green Bay WI 06/17/2025 06/17/2030 240,004 240,000 4.00% 239,959 Poppy BK Santa Rosa Calif 06/17/2025 06/17/2030 240,004 240,000 4.00% 239,921 Security First Bk Lincoln Neb 07/30/2025 07/30/2030 245,004 245,000 3.90% 243,922 American Natl Bk Baxter Minn 07/31/2025 07/31/2030 249,004 249,000 3.85% 247,439 Goldman Sachs Bk USA 08/05/2025 08/05/2030 240,004 240,000 3.85% 238,459 Morgan Stanley Private Bk Natl 09/03/2025 09/03/2030 245,004 245,000 3.85% 243,285 Optum Bk Draper Utah 09/15/2025 09/16/2030 245,004 245,000 3.70% 241,857 First Natl Bk Amer East Lans 09/19/2025 9/19/2030 249,004 249,000 3.60% 244,752 Institution For SGVS In Newbur 09/25/2025 09/25/2030 249,004 249,000 3.60% 244,730 Access Bk Omaha Neb 09/30/2025 09/30/2030 249,004 249,000 3.50% 243,689 First Fed Bk Lake City FLA 10/17/2025 10/17/2030 140,004 140,000 3.75% 138,417 Sub-Total 17,089,117 17,091,000 17,132,201 U.S. TREASURY/AGENCY SECURITIES Federal Home Loan Bank 11/16/2022 04/29/2026 480,006 500,000 3.00% 499,700 Federal Natl Mtg Assn Note 10/30/2024 04/17/2028 525,204 500,000 5.63% 516,785 Federal Agriculture Mortgage Corp 02/08/2024 01/22/2029 499,214 500,000 4.04% 501,460 Federal Home Loan Bank 04/05/2024 03/22/2029 563,028 560,000 4.75% 563,343 Federal Home Loan Bank 05/31/2024 05/22/2029 160,373 160,000 5.13% 160,115 Federal Agriculture Mortgage Corp 10/29/2024 06/12/2029 526,295 525,000 4.11% 527,667 Federal, Home Loan BA SER El-9029 01/07/2025 12/10/2029 498,879 500,000 4.38% 500,695 Federal, Home Loan BA SER RL-2029 01/14/2025 12/14/2029 485,004 485,000 4.50% 495,195 Federal Farm Cr Bks Bond 03/24/2025 01/24/2030 450,004 450,000 4.00% 450,999 Federal Home Loan Banks Bond 06/03/2025 03/08/2030 509,774 500,000 4.38% 508,515 Federal Farm Cr Bks Bond 03/25/2025 03/18/2030 554,626 555,000 4.00% 554,784 Federal Agriculture Mortgage Corp 07/08/2025 07/03/2030 344,614 345,000 3.85% 344,524 Federal Agriculture Mortgage Corp 07/31/2025 07/29/2030 419,500 420,000 3.88% 418,866 Tennesee Valley Auth Fed BE Bond 09/03/2025 08/01/2030 503,889 500,000 3.88% 498,425 Federal Agriculture Mortgage Corp 09/03/2025 09/03/2030 502,264 500,000 3.80% 492,685 United States Treasury 01/09/2026 12/31/2030 295,004 295,000 3.63% 290,991 Federal Farm Cr Bks Bond 01/28/2026 01/28/2031 561,269 560,000 3.75% 555,184 United State Treasury 02/26/2026 01/31/2031 455,044 450,000 3.75% 446,166 Federal Farm Cr Bks Bond 03/17/2026 02/26/2031 582,371 585,000 3.63% 577,021 Sub-Total 8,916,356 8,890,000 8,903,119 March 2026 - Investment Report Page 3 CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of March 31, 2026 Investments (continued)Purchase Date Maturity Date Original Cost Par Value Interest Rate Estimated Market Value CORPORATE BONDS Morgan Stanley 11/23/2022 01/27/2026 Matured Matured Matured Matured Berkshire Hathaway 12/23/2022 03/15/2026 Matured Matured Matured Matured JP Morgan Chase 01/27/2023 04/01/2026 487,449 500,000 3.30% 500,000 US Bancorp 11/14/2022 04/27/2026 470,206 500,000 3.10% 499,610 Bank of NY 11/14/2022 01/26/2027 446,456 500,000 2.05% 491,795 Amazon Com Inc 12/22/2022 08/22/2027 477,929 500,000 3.15% 493,950 Toyota Motor Credit Corporation 11/22/2022 09/20/2027 498,901 500,000 4.55% 502,850 Apple Inc 11/30/2022 11/13/2027 477,731 500,000 3.00% 493,155 Inter-American Development Bank 02/24/2023 02/24/2028 Redeemed Redeemed Redeemed Redeemed California St Taxable Var Purp Go 11/07/2024 08/01/2029 751,276 745,000 4.50% 758,134 Prudential Financial A3 08/22/2024 08/15/2029 450,004 450,000 4.25% 444,906 California St Taxable Var Purp Go 10/01/2024 10/01/2029 232,699 250,000 2.50% 238,345 Inter-American Development Bank 10/30/2024 10/16/2029 495,004 500,000 3.88% 498,500 Capital Impact Partners Invt Mtn 03/13/2025 03/15/2030 150,004 150,000 5.20% 150,873 Sub-Total 4,937,655 5,095,000 5,072,118 Investments (continued)Purchase Date Maturity Date Original Cost Par Value Interest Rate Estimated Market Value LOCAL AGENCY OBLIGATIONS San Diego Calif Community College 12/16/2025 8/1/2030 547,996 590,000 2.01% 543,779 California St Taxable Var Purp Go 12/4/2025 9/1/2030 668,557 635,000 4.88% 655,980 Sub-Total 1,216,552 1,225,000 1,199,760 CAMBRIDGE CASH HELD FOR INVESTMENTS 98,444 98,444$ Varies 98,444 TOTAL INVESTMENTS 80,572,256 80,713,577 80,719,775 Cash and Investments by Type Par Value % of Invested Cash BANK ACCOUNTS - non-invested & FISCAL AGENT 7,109,872$ LAIF 48,314,132$ 60% Not restricted ($75,000,000 max) CERTIFICATES OF DEPOSIT 17,091,000 21% No more than 30% of Portfolio U.S. TREASURY/AGENCY SECURITIES 8,890,000 11% No more than 70% of Portfolio CORPORATE BONDS 5,095,000 6% No more than 25% of Portfolio LOCAL AGENCY OBLIGATIONS 1,225,000 1% Not limited CANTELLA & CO., INC.98,444 0% Total Investments 80,713,577$ 100% Total - Cash and Investments 87,823,449$ Cash and Investments by Agency Accts Par Value % of Total Cash CITY 87,320,369$ 99% Successor Agency 300,024 0% Housing Development Corporation*203,056 0% Total Investments 87,823,449$ 100% Policy Restrictions by Investment Type March 2026 - Investment Report Page 4 CITY OF ROSEMEAD TREASURER'S QUARTERLY CASH and INVESTMENT REPORT SCHEDULE OF CASH AND INVESTMENTS As of March 31, 2026 Pie Charts Reflecting Data Comparative Data 3.88% 4.09% 4.24% 4.27% 4.34% 4.48% 4.56% 4.36% Policy Compliance Bryan Chua, Finance Director/City Treasurer Quarter End Invested Cash (excl non-invested) Average Quarterly LAIF Effective Yields Mar 2026 80,713,577 Dec 2025 76,844,804 Sep 2025 82,001,021 Jun 2025 88,075,363 Jun 2024 82,645,755 This is to certify that the above report accurately reflects all City investments and is in conformity with the City's 2025-26 Investment Policy as approved by the City Council on June 10, 2025. 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. Mar 2025 80,273,287 Dec 2024 74,138,079 Sep 2024 77,080,471 LAIF 60% CERTIFICATES OF DEPOSIT 21% U.S. TREASURY/AGENCY SECURITIES… CORPORATE BONDS 6% LOCAL AGENCY OBLIGATIONS 2% CAMBRIDGE 0% LAIF 79% 1 Yr 6% 2 Yr 6% 3 Yr 9% Investments by Category Investments by Maturity March 2026 - Investment Report Page 5