CC 06-07-2022 Item No. 29. Treasurer's Investment Report April 2022_Staff PresentationJune 7, 2022
Treasurer’s Investment Report
Month ending April 30, 2022
CC 06-07-2022 Item No. 29
Policies
Cash and Investments
Compliance
Agenda
2
Policies
•California Government Code
•Municipal Code
•Audit Committee Charter
•City Investment Policy
•Pension Trust Investment Policy
•OPEB Trust Investment Policy
Policies
4
Cash and Investments
General
$117,708,352
52%
Special
Revenue
$48,468,249
21%
Debt Service
$2,284,850
1%
Capital Projects
$38,923,074
17%
Enterprise
$13,175,422
6%Internal Service
$7,816,682
3%
Cash and Investments by Fund Type
Cash
$31,940,561
14%
Cash
Equivalents
$21,059,752
9%
Investments
$156,885,311
69%
Restricted for
Pension
$18,491,004
8%
Cash and Investments by Account Type
$228.4M $228.4M
6
Cash and Investments –General Ledger Balance by Fund
As of April 30, 2022
Fund Type
Beginning
Balance Receipts Disbursements
Journal
Adjustments
Ending
Balance
General Fund 109,252,226 16,714,592 (8,237,628)(20,838)117,708,352
Special Revenue Funds 49,310,674 229,433 (1,085,083)13,225 48,468,249
Debt Service Funds 2,284,850 ---2,284,850
Capital Projects Funds 39,578,699 -(655,625)-38,923,074
Enterprise Funds 12,961,202 214,540 (471,108)470,788 13,175,422
Internal Service Funds 8,399,954 2,734 (549,612)(36,394)7,816,682
Total $221,787,605 $17,161,298 $(10,999,056)$426,781 $228,376,628
7
Beginning Balance Ending Balance % of Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo)$ 25,321,992 $ 31,922,409 14%
Workers' Compensation Checking (Wells Fargo)16,113 4,719 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments * (BNY Mellon)8,333 8,333 0%
Petty Cash and Change 5,100 5,100 0%
Cash Equivalents
Local Agency Investment Fund 21,059,752 21,059,752 9%
Investments
Investments (Chandler)156,885,311 156,885,311 69%
Restricted for Pension (PARS)18,491,004 18,491,004 8%
Total Cash and Investments $ 221,787,605 $ 228,376,628 100%
Cash and Investments –General Ledger Balance
As of April 30, 2022
* Cash held by fiscal agent for bond repayments 8
Beginning Balance Ending Balance % of Portfolio
Cash in banks*
Operating Checking (Wells Fargo)$ 27,898,076 $ 31,788,785 15%
Workers' Compensation Checking (Wells Fargo)24,535 7,279 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments * (BNY Mellon)8,333 8,333 0%
Cash Equivalents
Local Agency Investment Fund 21,043,169 21,059,752 10%
Investments
Investments (Chandler)150,202,612 148,861,823 68%
Restricted for Pension (PARS)17,536,945 16,368,261 8%
Total Cash and Investments $ 216,713,670 $ 218,094,232 100%
Cash and Investments –Bank Balance
As of April 30, 2022
* Unadjusted balance from the bank statement. Does not reflect outstanding checks or deposits in transit.9
Compliance
1.All of the City’s investments are in compliance
with state law and the City’s Investment Policy
2.In compliance with California Government Code
53646 (b)(3), the City has sufficient funds to meet
its expenditure requirements for the next six
months
Compliance
11
Questions?