02-01-2005 - December 2004 Treasurer's ReportCity of West Covina
Memorandum
AGENDA
Item No. D-4
Date February 1, 2005
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Thomas Bachman, Director
Finance Department
SUBJECT:. DECEMBER 2004 TREASURER'S REPORT
RECOMMENDATION:
It is recommended the City Council receive and file this report.
DISCUSSION:
Section 53646 of the Government Code requires a city's. chief fiscal officer to submit
quarterly reports to their legislative body. This report is to include the type of investment,
issuer, date of maturity, par and dollar amount invested on all securities, investments and
money held by the local agency. It must also include a statement that the portfolio is in
compliance with the City's investment policy or manner in which it is not in compliance and
note the ability of the local agency to meet its expenditure requirements for the next six
months or provide an explanation as to why sufficient money may not be available. On
January 1, 2001, .AB943 took effect, amending the law to also require local agencies to
submit reports to the State of California for the second and fourth quarters of each year. The
December 2004 report will be submitted to the State.
The Finance Department exceeds these requirements by submitting Treasurer's reports to the
West Covina City Council each month. The December Report shows the City's portfolio
increased from $42,830,103.34 on November 30, 2004 to $44,923,352.70 on December 31,
2004. Beginning with the May 2001 report, average maturity information has been provided
for investments in the City's portfolio. The overall average maturity of the portfolio is 1658
days or approximately four years. This unusually long maturity is caused by two, long term,
high interest investments made in the early 1980s, which constitute approximately thirty
percent of the portfolio. Approximately forty three percent of the portfolio is on deposit in
the Local Agency Investment Fund (LAIF). These funds are completely liquid since the City
could withdraw them at any time. The remaining twenty seven percent of the portfolio has
an average maturity of less than two years. An explanation of the Treasurer's report features
has been attached.
Bond Detail Report:
The December report also includes a Bond Detail Report. This report shows how Fiscal
Agents are investing City, Community Development Commission and Public Financing
Authority cash, which they hold to service various debts. This information is reported to the
City Council quarterly.
Prepared by: Dennis Swink Reviewed/ pproved y: Thomas Bachman
Controller Finance Director
How to Read the Treasurer's Report
Summary Page. The monthly treasurer's report is comprised of two documents. The first
provides a one -page summary of investments (Attachment -A).
• A-1 provides a general description of investment type.
• A-2 shows the balances for each investment type as of the end of the prior month.
• A-3 shows how much was deposited in each category during the month.
•- A-4 shows withdrawals.
• A-5 shows the balances in each investment category at the end of the month.
• A-6 shows what percentage of the portfolio is invested in each investment category.
• A-7, located in the left hand margin denotes an asterisked note, which states:
"NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS". This refers to
the negative bank balances shown in columns A-2 and A-5. These negative numbers
are the result of a sweep account the City has set up with Wells Fargo bank. This
enables us to keep the majority of our funds on deposit in an interest bearing account
until outstanding checks clear the bank. When a check does clear, the required funds
are automatically swept in from the interest bearing account into the checking
account. With this arrangement, it is not uncommon for the City to have outstanding
checks in an amount that exceeds the money on deposit in our Wells Fargo Checking
Accounts. When this happens, these accounts show a negative balance. This should
not be a concern as long as the amount on deposit in the Wells Fargo Sweep account
is sufficient to cover the outstanding checks.
• A-8, located in the left hand margin highlights the statements regarding compliance
with the City investment policy and sufficient cash flow available to meet
expenditures for the next six months. As discussed earlier, these statements are
required.
• A-9 in the left hand margin and A-10 provide a kind of scorecard comparing the
interest earned to six month treasury bills
Portfolio Details. The second part of the report provides detailed information on individual
investments as illustrated in Attachment-B.
• B-1 lists the investment number assigned by City staff for tracking purposes.
• B-2 lists investment type. (This information is required.) These are shown in their
abbreviated form. The full titles of these abbreviations are in A-1 on the summary
page. _
• B-3 lists the issuer. (This information is also required.)
• B-4 shows the date of purchase.
• B-5 shows the maturity date. � (This information is required.)
• B-6 shows the average days to maturity for each class of investment.
• B-7 lists the CUSIP number.
• B-8 lists the interest rate.
• B-9 lists the yield.
• B-10 lists the cost of each investment. (This information is required.)
• B-I I lists the PAR value. (This information is required.)
• B-12 lists the market value as of the end of the current month. (This information is
required.)
• B-13 lists the market value as of the end of the previous month.
• B-14 tells the reader that the market values are provided by Union Bank.
A-7
A-8
A-9
CITY OF WEST COVINA
STATEMENT OF TREASURER'S ACCOUNTABILITY
JULY 31, 2001
A-1 A-2 A-3 A-4 A-5 A-6
TYPES OF DEPOSITS:. JUNE 30 DEPOSITS WITHDRAWALS July 31
CHECKING ACCOUNTS
WELLS FARGO GENERAL CHECKING $ 110,463.49 13,383,165.05 $ 13,365,850.43 $ 127,778.11
WELLS FARGO GENERAL AUTO & LIABILITY (8,471.37) ' 21,230.41 49,335.23 (36,576.19) "
WELLS FARGO WORKER'S COMPENSATION (40,325.41)74,199.32 106,744.54 (72,870.63) "
WELLS FARGO PAYROLL (231,925.22) • 2,341,194.25 2,184,280.66 (75,011.63) "
WELLS FARGO BAIL/FINE
WELLS FARGO CDBG DEFERRED LOAN PROGRAM 120,913.84 199.42 121,113.26
PACIFIC WESTERN NAT BANK DEFERRED LOAN PROGRAM 110,542.95 200,124.35 310,667.30
SUB -TOTAL $ 61,198.28 $ 16,020,112.80 $ 15,706,210.86 $ 375,100.22 0.543%
OTHERINVESTMENTS:
WELLS FARGO SWEEP $ 2,982,024.45 $ 5,494,859.08 $ 6,640,255.50 $ 1,836,628.03 2.658%
ESCROW ACCOUNT 37,569.28 111.36 5.00 37,675.64 0.055%
FEDERAL HOME LOAN BANK (FHLB) 6,959,010.00 6,959,010.00 10.070%
FEDERAL FARM CREDIT BANK (FFCB) 3,486,225.00 2,990,790.00 495,435.00 0.717%
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) 6,695,593.75 1,000,000.00 5,695,593.75 8.242%
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC) 10,199,962.50 10,199,962.50 14.759%
CORPORATE MEDIUM TERM NOTES (MTN) ft55
9,988,553.47 14.453%
LOCAL AGENCY INVESTMENT FUND - CITY (LAIF) 372,959.35 364,609.87 30,000,000.00 43.410%
LOCAL AGENCY INVESTMENT FUND - W.C.P.F.A. (LAIF) 1,826.66 - 139,861.52 0.202%
LOS ANGELES COUNTY POOL (LACIP) . 3,303,408.67 500,000.00 3,380,764.18 4.892%
SUB -TOTAL 71,066,979.34 $ 9,173,165.12. $ 11,495,660.37 $ 68,733,484.09 99.457%
TOTAL $ 71,117,177.62 $ 25,193,277.92 $ 27,201,871.23 $ 69,108,684.31 100%
"NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS
It has been verified that this investment portfolio is in conformity with the City of West Covina's investment policy which was approved by the City Council on May 1, 2001.
The investment portfolio provides sufficient cash flow liquidity to meet estimated expenditures for the next six months. This report Is accurate with respect to all information received as of August 31
EARNED INTEREST YIELD THIS PERIOD: 5.565% A-10 SIX-MONTH TREASURY BILL YIELD: 3.45%
REVIEWED BY: PREPARED BY:
Dennis Swink, City Controller
SUBMITTED BY:
Artie Fields, Acting Finance Director
Angel F. Pateria, Departmental Aide
APPROVED BY:
Marian V. Smithson, City Treasurer
•
�J
B-1 B-2
City of West Covina Portfolio Details
July 31, 2001
B-3 B-4 B-5- B-6 B-7 B-8 B-9 B-10
B-11 B-12 B-13
AVERAGE
7/31/2001
6/30/2001
INVESTMENT
INVESTMENT
I
ISSUER
PURCHASE
MATURITY
I
DAYS TO
CUSIP
1
RATE,
I I
YIELD
COST
I
PAR
I
MARKET
MARKET
I
NUMBER
TYPE
DATE
DATE'
MATURITY
VALUE •
VALUE'
5485
FFCB
U.S.
GOVERNMENT AGENCY .
5486
FFCB
U.S.
GOVERNMENT AGENCY
5488
FFCB
U.S.
GOVERNMENT AGENCY
5465
FFCB
U.S.
GOVERNMENT AGENCY
5487
FHLB
U.S.
GOVERNMENT AGENCY
5489
FHLB
U.S.
GOVERNMENT AGENCY
5496
FHLB
U.S.
GOVERNMENT AGENCY
5444
FHLB
U.S.
GOVERNMENT AGENCY
5445
FHLB
U.S.
GOVERNMENT AGENCY
5450
FHLB
U.S.
GOVERNMENT AGENCY
5473
FHLB
U.S.
GOVERNMENT AGENCY
4770
FHLMC
U.S.
GOVERNMENT AGENCY
2454
FNMA
U.S.
GOVERNMENT AGENCY
5451
FNMA
U.S.
GOVERNMENT AGENCY
5475
FNMA
U.S.
GOVERNMENT AGENCY
4693
LACIP
LOS ANGELES COUNTY TREASURER
3914
LAW
STATE OF CALIFORNIA
5273
LAW
STATE OF CALIFORNIA
5476
MNYMKT
MARQUETTE NATIONAL BANK
03/02/00 07/02/01 31331HZF7 5.8750 5.9500 Matured 07-02-01 1,000,000.00 Matured 07-02-01 Matured 07-02-01
03/03/00 07/27,/01 31331HD46 6.5500 6.5900 Matured 07-27-01 1,000,000.00 Matured 07-27-01 Matured 07-27-01
03/03/00 10/01/01 31331HG35 6.0000 6.0800 495,435.00 500,000.00 501,955.00 501,875.00
01/14/99 01/14/02 31331RT96 5.4000 5.5500 Called 07-14-01 1,000,000.00 Called 07-14-01 Called 07-14-01
61 495,435.00 3,500,000.00 501,955.00 501,875.00
03/08/00 09/17/01 0 5.8750 5.9600 989,190.00 1,000,000.00 1.002,340.00 1,002,810.00
03/08/00. j/15/0 E8 6.0000 6.0500 989,360.00 1,000,000.00 1,007,030.00 1,007,500.00
06/13/00 3133M9FE7 6.0000 6.9792 980,460.00 1,000,000.00 1,024,060.00 1,020,780.00
-5!� / 2 3133M34N2 6.0700 6.2100 1,000,000.00 1,000,000.00 1,025,940.00 1,023,750.00
/ / 3 3133M3DQ5 6.0050 6.2000 1,000,000.00 1,000,000.00 1,032,500.00 1,026,410.00
/ 07/07/03 3133M4SW4 6.0000 6.2100 1,000,000.00 1,000,000.00 1,035,000.00 1,027,030.00
02/24/99 02/24/04 3133M7KE5 5.7550 6.0700 1,000,000.00 1.000,000.00 1,001,250.00 1,002,340.00
460 6,959,010.00 7,000,000.00 7,128,120.00 7,110,620.00
06/01/86 .06/01/16 313400MC4 .8.2500 7.6100 10,199,962.50 9,555,000.00 11,567,474.10 11,127,084.15
5341 10,199,962.50 9,555,000.00 11,567,474.10 11,127,084.15
12/10/85 12/10/15 313586UB3 10.3500 8.1400 3,688,593.75 3.000,000.00 4,235,160.00 4,086,090.00
07/09/98 07/09/03 31364FX22 5.9000 6.1600 Called 07-09-01 1,000,000.00 Called 07-09-01 Called 07-09-01
07/15/99 07/15/04 31364G2R9 6.5300 6.7500 2,007,000.00 2,000,000.00 2,049,380.00 2,045,000.00
3831 5,695,593.75 6,000,000.00 6,284,540.00 6,131,090.00
04/20/92 12/31/99 See Note N/A 4.6300 4.6300 3,380,764.18 3,380,764.18 3,380,764.18 3,380,764.18
10/19/89 12/31/99 173 N/A 4.6350 4.6350 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00
12/01/93 12/31/99 See Note N/A 4.6350 4.6350 139,861.52 139,861.52 139,861.52 139,861.52
04/01/99 04/01/04 See Note N/A 3.5500 . 3.7200 '37,675.64 37,675.64 37,675.64 37,675.64
s
INVESTMENT
NUMBER
INVESTMENT
TYPE
ISSUER
5457
MTN
NATIONSBANK CHARLOTTE NC
5463
MTN
MERRILL LYNCH & CO INC
5499
MTN
ASSOC. CORP OF N.A.
5460
MTN
MERRILL LYNCH & CO INC
5462
MTN
SALOMON SMITH BARNEY HLDGS I
5491 .
MTN
COMMERCIAL CREDIT COMPANY
5493
MTN
GENERAL ELECTRIC CAPITAL CORP
5494
MTN
FORD MOTOR CREDIT CO
5495
MTN
HEWLETT-PACKARD CO
STOCK** SOUTHWEST WATER COMPANY
City of West Covina Portfolio Details
July 31, 2001
AVERAGE 7/31/2001 6/30l2001
PURCHASE MATURITY DAYS TO CUSIP RATE YIELD COST PAR MARKET MARKET
DATE DATE MATURITY VALUE" VALUE'
08/03/98 08/01/01 63858JEE5 5.8500 5.9700 1,000,000.00 1,000,000.00 1,000,000.00 1,001,480.00
01/14/99 12/10/01 59018SC85 6.1000 6.2200 1,015,060.00 1,000,000.00 1,009,130.00 1,010,340.00
06/16/00 09/30/02 045906KB9 6.7300 7.3293 987,540.00 1,000,000.00 1,028,940.00, 1,028,490.00
10/05/98 02/12/03 590188HZ5 6.0000 6.2000 2,015,010.00 2,000,000.00 2,050,640.00 2,034,420.00
10/14/98 05/15/03 79549BCL9 6.2500 6.4900 1,000,950.00 1,000,000.00 1,029,220.00 1,020,280.00
0//00 0//020161 6.5000 6.7500 972,370.00 11000,000.00 1,039,310.00 1,023,430.00
06/1515/00 02/15/05 36962GUMUM4 .2 7,1701 1,002,970.00 1,000,000.00 1,078,280.00 1,061,590.00
06/15/00 03/15/05 345397 7.6000 995,903.47 1,000,000.00 1,057,520.00 1,039,040.00
06/15/00 06/15/05 .1 7.1792 998,750.00 1,000,000.00 1,049,100.00 1,034,680.00
disli 4 9,988,553.47 10,000,000.00 10,342,140.00 #REF!
04/16/86 001-751-F4533110 N/A 5 Sold 07-11-01 Sold 07-11-01 Sold 07-11-01 Sold 07-11-01
1551 TOTALS: 66,896,856.06 69,613,301.34 69,382,530.44 #REF!
B-14 • MARKET VALUES HAVE BEEN PROVIDED BY UNION BANK.
Note: Average Maturity - Liquid, variable rate interest accounts including the Wells Fargo Sweep, LACIP and the Marquette Money Market were not included in calculation of average maturity
because the City has no control over the term of underlying investments and funds can be withdrawn at any time. LAIF was included because excluding this sizeable balance skews the overall average.
" Southwest Water Company was sold in July 2001.,
/
CITY OF WEST COVINA
STATEMENT OF TREASURER'S ACCOUNTABILITY
DECEMBER 31, 2004
TYPES OF DEPOSITS:
NOVEMBER 30
DEPOSITS
WITHDRAWALS
DECEMBER 31
CHECKING ACCOUNTS
WELLS FARGO GENERAL CHECKING
$ 1,289,167.05
$ 14,801,493.18
$ 14,976,010.87
$
1,114,649.36
WELLS FARGO BANK GEN AUTO & LIABILITY
(4,584.22) `
23,239.68
16,199.77
2,455.69
WELLS FARGO BANK WORKER'S COMPENSATION
(10,083.51) `
111,698.73
101,845.89
(230.67) `
WELLS FARGO PAYROLL
(68,496.73) •
2,872,710.49
2,854,865.98
(50,652.22) `
WELLS FARGO CDBG DEFERRED LOAN PROGRAM
122,036.24
9.33
122,045.57
PACIFIC WESTERN NAT BANK DEFERRED LOAN PROGRAM
19,855.41
21,416.00
21,416.00
19,855.41
PACIFIC WESTERN NAT BANK CITY COUNCIL DEBIT CARDS
18,308.80
-
1,580.60
16,728.20
SUB -TOTAL
$ 1,366,203.04
$ _ 17,830,567.41
$ 17,971,919.11
$
1,224,851.34
2.727%
OTHER INVESTMENTS:
WELLS FARGO SWEEP
$ 565,508.41
$ 6,615,667.19
$ 6,085,733.10
$
1,095,442.50
2.438%
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
4,688,593.75
4,688,593.75 •`
10.437%
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)
10,199,962.50
10,199,962.50 `•
22.705%
FEDERAL HOME LOAN BANKS (FHLB)
2,000,000.00
2,000,000.00
4.452%
CORPORATE MEDIUM TERM NOTES (MTN)
2,997,623.47
2,997,623.47
6.673%
LOCAL AGENCY INVESTMENT FUND - CITY (LAIF)
17,845,446.45
2,700,000.00
1,000,000.00
19,545,446.45
43.508%
LOS ANGELES COUNTY POOL (LACIP)
3,166,765.72
4,666.97
3,171,432.69
7.060%
SUB -TOTAL
$ 41,463,900.30
$ 9,320,334.16
$ 7,085,733.10
$
43,698,501.36
97.273%
TOTAL
$ 42,830,103.34
$ 27,160,901.57
$ 25,057,652.21
$
44,923,352.70
100%
`NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS
"• These two high interest long term investments were made before State Law limited investments to a maximum five-year term.
It has been verified that this investment portfolio is in conformity with the City of West Covina's investment policy which was approved by the City Council on January 18, 2006.
The Investment portfolio provides sufficient cash flow liquidity to meet
estimated expenditures for the next six months. This report is accurate
with respect to all information
received
as of January 21,
2005.
EARNED INTEREST YIELD THIS PERIOD: 4.353%
SIX-MONTH TREASURY BILL YIELD: 2.430%
BY:
Dennis Swink, City Controller
SUBMITTED BY:
T omas achman, Finance Director
PREPA14EDv
Ang, Y . Patena, Revenue Services Supervisor
APPJROVED BY:
Marlah V. Smith on, City Treasurer
A
•.
City of West Covina Portfolio Details
December 31, 2004
AVERAGE
PAR
12/31/2004
11/30/2004
INVESTMENT
INVESTMENT
ISSUER
PURCHASE
MATURITY
DAYS TO
CUSIP
RATE
YIELD
COST
PAR
MARKET
MARKET
NUMBER
TYPE
DATE
DATE
MATURITY
VALUE'
VALUE'
04-03 FHLB U.S. GOVERNMENT AGENCY
11/30/04
05/30/07
3133X9EV8
3.180
3.180
1,000,000.00
1,000,000.00
995,630.00
995.000.00
04-01 FHLB U.S. GOVERNMEN TAGENCY
09/08/04
12/08/06
3133X8BR2
3.060
3.060
1,000,000.00
1,000,000.00
996.560.00
996,560.00
784
2,000,000.00
2,000,000.00
1,992,190.00
1,991,560.00
86-01 '• FHLMC U.S. GOVERNMENT AGENCY
06/01/86
06/01/16
313400MC4
8.250
7.728
10,199,962.50
9.555.000.00
12,391,688.40
12,227,437.95
4111
10,199,962.50
9,555,000.00
12,391,688.40
12,227,437.95
04-02 FNMA U.S. GOVERNMENT AGENCY
11/22/04
11/22/06
31359MWRO
3.000
3.000
1,000,000.00
1,000,000.00
995,630.00
995,630.00
85-01 "FNMA U.S. GOVERNMENT AGENCY
12/10/85
12/10/15
313586UB3
10.350
8.418
3,688,593.75
3,000,000.00
4,374,390.00
4,318,140.00
.
3336
4,688,593.75
4,000,000.00
5,370,020.00
5,313,770.00
92-01 LACIP LOS ANGELES COUNTY TREASURER"'
04/20/92
199
N/A
1.880
1.880
3,171,432.69
3,171,432.69
3,171,432.69
3,171,432.69
89-01 LAIF STATE OF CALIFORNIA
10/19/89
210
N/A
2.134
2.134
19,545,446.45
19,545,446.45
19,545,446.45
19,545,446.45
00-01 MTN GENERAL ELECTRIC CAPITAL CORP
06/15/00
02/01/05
36962GUM4
7.250
7.229
1,002,970.00
1,000,000.00
1,003,260.00
1,007,650.00
00-02 MTN FORD MOTOR CREDIT CO
06/15/00
03/15/05
345397SQ7
7.500
7.531
995,903.47
1,000,000.00
1,008,540.00
1,012,610.00
00-03 MTN HEWLETT-PACKARD CO
-06/15/00
06/15/05
428236AD5
7.150
7.159
998,750.00
1,000,000.00
1.019.030.00
1,023,350.00
91
2,997,623.47
3,000,000.00
3,030,830.00
3,043,610.00
1658
TOTALS:
42,603,058.86
41,271,879.14
45,501,607.54
45,293,257.09
• MARKET VALUES HAVE BEEN PROVIDED BY UNION BANK.
These two high Interest long term Investments were made before State Law limited Investments to a maximum five-year term.
••• For this month's report November 2004 LACIP Earnings Rate and November 2004
LACIP Weighted Average Days to Maturity were used due to the unavailability of December figures as of the writing of this report.
Note: The Wells Fargo Sweep account was not Included In the calculation of average maturity.
•
Description of Bond
1988 Lease Revenue Refunding Bonds
1988 Lease Revenue Refunding Bonds
2002 PFA Lease Revenue Refunding Bond Lease Payment
2002 PFA Lease Revenue Refunding Bond Credit Facility
2003 Community Center COPs
2003 Community Center COPs
2003 Community Center COPs
2003 Community Center COPS
Lease Revenue Fund
CITY OF WEST COVINA
BOND DETAIL REPORT
December 31, 2004
Type of Bond Type of Investment Description of Issuer
Reserve Federated Treasury Obligations Federated Investors Co
Cash
L/C Fund
Cash
First American Treasury Oblig Fund CL D First American Funds, Inc.
California Strs, Letter of Credit #3065234230 California Strs
Union Bank of CA UC #3065234230 Union Bank
Interest Account First American Treas Oblig CI d Corp Trust First American Funds, Inc.
Cash
Reserve Account First American Treas Oblig Cl d Corp Trust First American Funds, Inc.
Cash .
Construction Fund First American Treas Oblig Cl d Corp Trust First American Funds, Inc.
Cash
*Market valuations_have been provided by BNY Western Trust Company and U.S. Bank Corporate Trust Services
Maturity Date
Original Cost
Shares/Face
Market Value
Rate
Amount
Open
372,980.32
372,980.32
372,980.32
1.660
0.00
0.00
0.00
72,980.32
372,980.32
3 ,980.
0.00
0.00
0.00
0.11
0.11
0.11
0.11
0.11
1
Ending Balances
372,980.43
372,980.43
372,980.43
Open
11,289.61
11,289.61
11,289.61
1.270
0.00
0.00
0.00
11,289.61
11,289.6111,289.61
6/26/2005
0.06
22,836,765.00
0.00
-
6/26/2007
0.00
22,836,765.00
0.00
0.00
0.00
0.00
0.00
45,673,53 .00
0.00
Ending Balances
11,289.61
45,684,819.61
11,289.61
2,533.16
2,533.16
2,533.16
1.260
0.00
0.00
0.00
2,533.16
2,533.16
2,533.16
Open
35.80
35.80
35.80
-
0.00
0.00
0.00
35. 0
35.80
5.80
Open
292,751.36
292,751.36
292,751.36
1.270
0.00
0.00
0.00
292,75 .36
292,751.36
292,7 1.36
Open
54.78
54.78
54.78
1.830
0.00
0.00
0.00
54.78
54.78
54.7
Ending Balances
296,375.10
295,375.10
295,376.10
GRAND TOTALS
679,646.14
46,353,175.14
679,645.14
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