MEMORANDUM
TO: MAYOR AND CITY COUNCIL
FROM: MICHAEL LEWIS CITY TREASURER
SUBJECT: CASH AND INVESTMENT REPORT - DECEMBER 2024
DATE: MARCH 06, 2025
Attached is the Treasurer Report for the month of December 2024. This performance report lists the various types of securities, institutions from which the securities were purchased, maturity dates, and interest rates for all securities held in the City's investment portfolio as of the end of the reporting period.
All of the City's investments as of December 31, 2024 are in compliance with the investment policy and the California Government Code except as otherwise noted or disclosed herein.
SUMMARY
CASH HOLDINGS $31,519,539.90
INVESTMENTS FAIR VALUE $ 0.00
TOTAL AVAILABLE FOR DISCRETIONARY EXPENDITURES $31,519,539.90 City Treasurer
CITY OF BARSTOW
CASH & AGENCY HOLDING REPORT
DECEMBER 2024
AVAILABLE FUNDS
Total Portfolio
Description of Investment Amount Cost Basis Yield Comments Cash/Union Bank of CA - GL 11,961,536.14
Local Agency Investment Fund (LAIF) 18,549,015.85 4.434 Petty Cash 2,040.00
California Class Investments 1,006,947.91 4.6385
Accrued A/R YE 0.00
Total Available Funds 31,519,539.90
Adopted FY2025 Budget Expenditures 63,999,202.00
20% Reserve For Working Capital Per Policy 4,897,828.00 5% Emergency Reserved Per Policy 1,224,457.00
Grand Total For Reserve Amounts 6,122,285.00
Mulat he 3. 12-25
Approved by: Date
Michael Lewis, City Treasure