City of Hawthorne’s Investment Report for the quarter ended September 30, 2024.
 

Staff recommends that the City Council receive, approve and file the City of Hawthorne’s Investment Report for the quarter ended September 30, 2024 of FY 24-25.

Investment Report for the quarter ended September 30, 2024 is attached. This report indicates
the cash and investments held by the reporting entity and the rate of return on the investments.
Because of the seasonal nature of the city’s revenues (thus making short-term availability and
liquidity of funds being extremely important), the city has for many years invested its funds with
the State of CA administered Local Agency Investment Fund (LAIF). Multi Bank Securities (MBS)
are invested in CD’s using a ladder strategy. The City Treasurer shall continue this strategy,
reinvesting funds that come due into new 3-5 year CD’s. Cash held by the fiscal agents are for
future debt service on bonds, and these funds are invested pursuant to investment agreements
entered into when the bonds were originally issued.

Investment report summary September 30, 2024

• Funds held at LAIF $75 million with a rate of return @ 4.71%
• Funds held at BOW $42.6 million with rate of return @ 3.21%
• Funds held at MBS totaled $15.2 million with yields of 0.65% - 4.79%
• Funds held by the fiscal agents totaled $5.5 million
• Funds held in Trust totaled $5.5 million

Investment report summary June 30, 2024

• Funds held at LAIF $74.2 million with a rate of return @ 4.55%
• Funds held at BOW $61.1 million with rate of return @ 3.67%
• Funds held at MBS totaled $14.9 million with yields of 0.66% - 4.95%
• Funds held by the fiscal agents totaled $4.9 million
• Funds held in Trust totaled $5.2 million

Investment report summary March 31, 2024

• Funds held at LAIF $73.4 million with a rate of return @ 4.30%
• Funds held at BOW $55.6 million with rate of return @ .14% - 3.67%
• Funds held at MBS totaled $14.9 million with yields of 0.67% - 4.88%
• Funds held by the fiscal agents totaled $3.7 million
• Funds held in Trust totaled $4.1 million

Investment report summary December 31, 2023

• Funds held at LAIF $72.7 million with a rate of return @ 4.00%
• Funds held at BOW $46.6 million with rate of return @ .14% - 3.67%
• Funds held at MBS totaled $9.3 million with yields of 0.65% - 4.92%
• Funds held by the fiscal agents totaled $3.2 million
• Funds held in Trust totaled $3.9 million

Investment report summary September 30, 2023

• Funds held at LAIF $72 million with a rate of return @ 3.59%
• Funds held at BOW $47.5 million with rate of return @ .14% - 3.67%
• Funds held at MBS totaled $9.2 million with yields of 0.60% - 5.05%
• Funds held by the fiscal agents totaled $4.7 million
• Funds held in Trust totaled $3.6 million

Investment report summary June 30, 2023

• Funds held at LAIF $71.5 million with a rate of return @ 3.15%
• Funds held at BOW $59.6 million with rate of return @ 3.56% - 5.02%
• Funds held at MBS totaled $9.1 million with yields of 0.30% - 5.05%
• Funds held by the fiscal agents totaled $3.7 million

Investment report summary March 31, 2023

• Funds held at LAIF $71 million with a rate of return @ 2.74%
• Funds held at BOW $50.1 million with rate of return @ 2.62% - 4.57%
• Funds held at MBS totaled $9.1 million with yields of 0.30% - 4.96%
• Funds held by the fiscal agents totaled $3 million

Investment report summary December 31, 2022

• Funds held at LAIF $70.6 million with a rate of return @ 2.07%
• Funds held at BOW $28.5 million with rate of return @ 2.35% -3.90%
• Funds held at MBS totaled $9.1 million with yields of 0.30% - 4.73%
• Funds held by the fiscal agents totaled $2.3 million

Investment report summary September 30, 2022

• Funds held at LAIF $70.4 million with a rate of return @ 1.35%
• Funds held at BOW $32.3 million with rate of return @ 1.45% - 2.34%
• Funds held at MBS totaled $8.8 million with yields of 0.31% - 3.41%
• Funds held by the fiscal agents totaled $3.7 million

Investment report summary June 30, 2022

• Funds held at LAIF $70.3 million with a rate of return @ 0.75%
• Funds held at BOW $36.6 million with rate of return @ 0.00% - 0.62%
• Funds held at MBS totaled $9 million with yields of 0.30% - 3.27%
• Funds held by the fiscal agents totaled $4.7 million

Investment report summary March 31, 2022

• Funds held at LAIF $70.2 million with a rate of return @ 0.32%
• Funds held at BOW $25.1 million with rate of return @ 0.08% - 0.14%
• Funds held at MBS totaled $9.2 million with yields of 0.30% - 2.39%
• Funds held by the fiscal agents totaled $4.1 million

Investment report summary December 31, 2021

• Funds held at LAIF $13.2 million with a rate of return @ 0.23%
• Funds held at BOW $70 million with rate of return @ 0.01% - 0.10%
• Funds held at MBS totaled $8.7 million with yields of 0.30% - 2.38%
• Funds held by the fiscal agents totaled $3.2 million

Investment report summary September 30, 2021

• Funds held at LAIF $13.2 million with a rate of return @ 0.24%
• Funds held at BOW $67.5 million with rate of return @ 0.01% - 0.10%
• Funds held at MBS totaled $7 million with yields of 0.30% - 2.36%
• Funds held by the fiscal agents totaled $4 million

Investment report summary June 30, 2021

• Funds held at LAIF $13.2 million with a rate of return @ 0.33%
• Funds held at BOW $57.8 million with rate of return @ 0.01% - 0.10%
• Funds held at MBS totaled $7.1 million with yields of 0.63% - 2.99%
• Funds held by the fiscal agents totaled $4.1 million

Investment report summary March 31, 2021

• Funds held at LAIF $13.2 million with a rate of return @ 0.44%
• Funds held at BOW $52.3 million with rate of return @ 0.01% - 0.10%
• Funds held at MBS totaled $7.1 million with yields of 0.63% - 2.97%
• Funds held by the fiscal agents totaled $3.5 million

N/A

None. The report describes the City’s investments and rate of return on these investments as of
September 30, 2024.

72 hours posted notice pursuant to the Ralph M. Brown Act