G`C
OF BELLFLOWER 14- B
CRGt'fNG-roGE
staf
e p o r t
TO: Honorable Mayor and Members of the City Council ATTENTION: Jeffrey L. Stewart, City Manager
FROM: Tae Rhee, Finance Director/City Treasurer
SUBJECT: Consideration and possible action to receive and file the Treasurer's Report for the Month of September 2023.
DATE:October 23, 2023
EXECUTIVE SUMMARY
The Investment Policy requires the City Treasurer to provide to the City Council a monthly investment report which contains certain required information pursuant to Government Code Section 53646. The Treasurer's Report also contains certain other information required pursuant to BMC Subsection 2.12.030.B.5, which requires submission of monthly financial statements of receipts and disbursements of the City to the City Council and City Manager. Furthermore, the Treasurer's Report contains revenue and expenditure details on the development impact fees (Park Facilities, Public Facilities, Transportation Facilities, and Public Safety Facilities) and Public Arts Fees for fiscal years 2022-23 and 2023-24.
RECOMMENDATION TO CITY COUNCIL
1) Receive and file the Treasurer's Report; or
2) Alternatively, discuss and take other action related to this item.
FISCAL IMPACT
None
ATTACHMENT
Treasurer's Report for the Month of September 2023 2
http://sharepoint/sites/Finance/Shared Documents/AA/Treasurer's Reports/Staff Report for TR.docx 1-
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
4`
TREASURER'S REPORT FOR THE MONTH OF SEPTEMBER 2023
CASH AND INVESTMENT BALANCES BY FUND
As of October 11,2023)
NOTE: Figures with parentheses indicate negative amounts.
Beginning Revenues Expenditures Ending
Balance/ and Other and Other Balance/
Deficit) Deposits Disbursements (Deficit)
CITY OF BELLFLOWER:
UNRESTRICTED:
010 General Fund 43,828,948 $ 1,842,231 $ (2,650,771) $ 43,020,408 011 General Fund Capital Projects 16,720,304 22,757 489,091) 16,253,970 012 Public Projects 11,219,020 4,260 11,223,280
999 Cash Clearing Unallocated Interest 519,674 382,539 2,411) 899,802 RESTRICTED:
Development Impact/Other Fees(revenue/expenditure details attached) 024 Park Facilities 1,590,754 21,839 7,930)1,604,663
022 Public Facilities 13,663 2,735 16,398
026 Public Safety Facilities 28 28
028 Transportation Facilities 442 442
020 Public Arts 266,461 26,000 44,450) 248,011
Other Funds
013 DOT Highway Relinquishment 3,376,352 3,376,352
015 Transportation Development Act(TDA)Article 3
030 Grant Projects 956,282 995,419 820,297)1,131,404
037 Drug Rehabilitation Program 301,178 301,178
040 Public Educational Government(PEG) 899,842 899,842
050 California COPS 339,259 43,283) 295,976
070 Measure A Fund 450,530) 67,525) 518,055)
090 Agency Fund/Refundable Deposits-Private Projects 1,575,429 70,058 19,120)1,626,367 100 PropositionA-Transportation 2,635,499 170,319 851,866)1,953,952 115 Measure M-Streets 3,898,428 25,395 7,051) 3,916,772 125 Measure R-Streets 2,700,692 105,924 43,154) 2,763,462 135 Proposition C-Streets 2,489,408 142,045 161,862) 2,469,591 140 State Gas Tax-Streets 5,122,555 5,122,555
145 Road Maintenance and Rehabilitation Account(RMRA) 5,141,124 165,858 6,405)5,300,577 150 Air Quality Management District Fees 136,784 136,784 230 Sewer Reconstruction 316,278 316,278
320 Measure W 3,551,139 33,067)3,518,072
510 Economic Development 2,930,412 33,380)2,897,032
530 Equipment Replacement 1,553,830 33,426)1,520,404
540 GIS Update 247,916 3,079 14) 250,981
542 General Planning and Zoning Update 982,786 8,623 41) 991,368 600 Building and Safety 365,915 96,624 82,483) 380,056
602 CASp Certification and Training 104,589 1,090 105,679 700 Debt Service-Public Facilities Corporation
710 Debt Service-Financing Authority 16,549) 2,333 14,216) 720 Debt Service-2021/2018 Transportation COPS 59 744,295 744,354 730 Debt Service-2021 Pension Obligation Bonds 1,534 6 1,540 900 Community Development Block Grant(CDBG)573,151)450 40,027) 612,728) 910 HOME Investment Partnership 15,494) 15,929) 31,423) 920 ARPA SLFRP Fund 5,000,000 5,000,000
944 Parking District No. 1 8,362) 5,559) 13,921)
Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 613,630 96 23,104) 590,622 TOTAL CITY OF BELLFLOWER 118,336,128 $ 4,833,975 $ (5,482,246) $ 117,687,857 SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust
970 Redevelopment Obligation Retirement Fund 418,123 1,701 419,824 972 Successor Agency Administration Fund 9,903 2,213) 7,690 TOTAL SUCCESSOR AGENCY 428,026 $ 1,701 $2,213) $ 427,514 COMBINED TOTAL-CIN&SUCCESSOR AGENCY 118,764,154 $ 4,835,676 $ (5,484,459) $ 118,115,371 TAE G.RHEE,FINANCE DIRECTOR/TREASURER http://sharepoint/sites/Finance/Shared Documents/AA/Treasurers Reports/TR 23-09 -2-
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
July 1, 2023 - September 30, 2023)
PARK FACILITIES FEES
Revenues:
18,288.00 July 3,2023 Park Fac Fee/9876 Crestbrook
21,839.00 September 14,2023 Park Fac Fee/10337 Mapledale 40,127.00
Proiect Expenditures:
7,746.46 Park Master Plan
4,592.42 Butterfly Garden Improvements
182.70 Thompson Park Improvements
12,521.58
PUBLIC FACILITIES FEES
Revenues:
1,185.00 July 3,2023 Public Fac Fee/9876 Crestbrook
22.95 July 26,2023 Public Fac Fee/16000 Woodruff
1,416.00 September 14,2023 Public Fac Fee/10337 Mapledale 488.42 September 25,2023 Public Fac Fee/9045 Rosecrans
830.77 September 28,2023 Public Fac Fee/15700 Woodruff
3,943.14
Project Expenditures:
PUBLIC ARTS FEES
Revenues:
16,000.00 September 14,2023 Public Arts Fee/10337 Mapledale 10,000.00 September 25,2023 Public Arts Fee/9045 Rosecrans 26,000.00
Project Expenditures:
46,662.97 Bellflower Gateway Sign
46,662.97
PUBLIC SAFETY FACILITIES FEES
Revenues:
28.05 July 26,2023 Public Safety Fac Fee/16000 Woodruff
28.05 Project Expenditures:
TRANSPORTATION FACILITIES FEES
Revenues:
441.66 July 26,2023 Transportation Fac Fee/16000 Woodruff 441.66
Project Expenditures:
http://sharepoint/sites/Finance/Shared Documents/AA/Treasurer's Reports/TR 23-09.xlsx 3
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
July 1, 2022 -June 30, 2023)
PARK FACILITIES FEES
Revenues:
18,288.00 July 18,2022 Park Fac Fee/15352 Leahy Ave
30,110.54 July 29,2022 Park Fac Fee/9709 Ramona
109,728.00 August 4,2022 Park Fac Fee/8740 Cedar
18,288.00 August 26,2022 Park Fac Fee/9237 Walnut
8,046.72 August 29,2022 Park Fac Fee/9239 Ives
1,097.28 September 8,2022 Park Fac Fee/9239 Ives
18,288.00 September 19,2022 Park Fac Fee/9534 Darnell
15,837.62 September 28,2022 Park Fac Fee/17634 Coke
18,288.00 October 27,2022 Park Fac Fee/14722 Blaine
18,288.00 January 18,2023 Park Fac Fee/9315 Faywood
18,288.00 February 15,2023 Park Fac Fee/10264 Foster
11,887.20 March 7,2023 Park Fac Fee/9324 Mandale
18,288.00 March 30,2023 Park Fac Fee/15303 Cornuta
73,152.00 April 5,2023 Park Fac Fee/9323 Park
12,566.40 April 17,2023 Park Fac Fee/16651 California
14,081.76 May 11,2023 Park Fac Fee/10053 Washington
10,914.40 June 6,2023 Park Fac Fee/10237 Park
415,437.92
Proiect Expenditures:
38,924.52 Constitution Park Improvements
18,863.49 Thompson Park Improvements
155,385.14 Butterfly Garden Improvements
213,173.15
PUBLIC FACILITIES FEES
Revenues:
1,951.06 July 29,2022 Public Fac Fee/9709 Ramona
7,110.00 August 4,2022 Public Fac Fee/8740 Cedar
1,185.00 August 26,2022 Public Fac Fee/9237 Walnut
521.40 August 29,2022 Public Fac Fee/9239 Ives
77.60 September 8,2022 Public Fac Fee/9239 Ives
1,185.00 September 19,2022 Public Fac Fee/9534 Darnell
1,026.23 September 28,2022 Public Fac Fee/17634 Coke
1,185.00 October 27,2022 Public Fac Fee/14722 Blaine
1,185.00 January 18,2023 Public Fac Fee/9315 Faywood
1,185.00 February 15,2023 Public Fac Fee/10264 Foster
770.25 March 7,2023 Public Fac Fee/9324 Mandale
1,185.00 March 30,2023 Public Fac Fee/15303 Cornuta
4,740.00 April 5,2023 Public Fac Fee/9323 Park
814.30 April 17,2023 Public Fac Fee/16651 California
912.45 May 11,2023 Public Fac Fee/10053 Washington
707.22 June 6,2023 Public Fac Fee/10237 Park
2,768.30 June 13,2023 Public Fac Fee/16411 Bellflower
298.36 June 27,2023 Public Fac Fee/17408 Grand
28,807.17
Proiect Expenditures:
191,709.53 PW Yard Office Renovation
PUBLIC ARTS FEES
Revenues:
17,500.00 April 5,2023 Public Arts Fee/9323 Park
17,500.00
Proiect Expenditures:
75,584.05 Bellflower Gateway Sign
http://sharepoint/sites/Finance/Shared Documents/AA/Treasurer's Reports/TR 23-09 -4-
CITY
OF
BELLFLOWER
AND
BELLFLOWER
SUCCESSOR
AGENCY
TREASURER'
S
REPORT
FOR
THE
MONTH
OF
SEPTEMBER
2023
CASH
AND
INVESTMENTS
BY
TYPE
As
of
October
11,
2023)
I
Dollar
Amount
Invested
Beginning
Disbursements/
Ending
Yield
Type
of
Issuer
of
Balance/
Bond
Prem.
Balance/
Par
Market
Interest (
If
Diff.)/
Investment/
Investment/
Date
of
Deficit)
Deposits
Amort./
Discount (
Deficit)
Value
Value
Rate
Steps
Deposit
Deposit
Maturity
CITY
OF
BELLFLOWER:
State
of
California
Local
Agency
Investment
Fund (
1)
10,
522,
383 $
2,
000,
000 $ (
2,
500,
000) $
10,
022,
383
N/
A $
9,
870,
329
3. 534%
See
attached
Pooled
Money
Investment
Account
Portfolio.
Detail
report
available
at:
https://
www.
treasurer.
ca.
00v/
Dmia-
laif/
pmia/
index.
asP
Los
Angeles
County
Pooled
Investment
Fund(
5)
3,
443,
554
9,
369
3,
452,
924
N/
A
3,
260,
627
3. 780%
See
attached
Los
Angeles
County
Pooled
Surplus
Investments.
Detail
report
available
at:
https://
ttc.
lacounty.
gov/
monthly-
reports/
CalTrust/
Local
Agency
Investment
Pool(
4)
Liquidity
Fund
52,
701
237
52,
939
N/
A
52,
939
5. 450%
Local
Agency
Investment
Trust
of
Investment
Pool
California,
dba
CaITRUST
Cash/
Investments
Held
By
Bond
Trustee-
Bank
of
New
York
Mellon
Trust
Company
Dreyfus
Treasury
Securities
Cash
Management-
58 744,
296
744,
354
N/
A
744,
354
5. 240%
Money
Market
Fund
Dreyfus
N/
A
Institutional/(
2008/
2018)
2021
COPs
Dreyfus
Treasury
Securities
Cash
Management-
1,
534
6 1,
540
N/
A
1,
540
5. 240%
Money
Market
Fund
Dreyfus
N/
A
Institutional/
2021
Pension
Obligation
Bonds
Cash/
Investments
Held
By
Trustee-
Bank
of
New
York
Mellon
Trust
Company
Dreyfus
Treasury
Securities
Cash
Management-
5,
163,
073
22,
757
5,
185,
830
N/
A
5,
185,
830
5. 240%
Money
Market
Fund
Dreyfus
N/
A
Institutional/
Water
Infrastructure
Trust
Fund
Cash/
Investments
Held
By
Custodian-
Bank
of
New
York
Mellon
Trust
Company
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
996,
220
3. 500%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
10/
26/
2023
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
996,
790
5. 000%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
11/
28/
2023
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
985,
870
3. 500%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
12/
29/
2023
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
980,
920
3. 750%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
2/
8/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
996,
790
5. 350%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
3/
15/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
978,
970
4. 000%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
3/
19/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
995,
680
5. 500%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
3/
27/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
984,
790
4. 750%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
4/
26/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
957,
070
3. 250%
U.
S.
Agency
Bonds
Mortgage
Corporation
5/
17/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
944,
230
3. 000%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
6/
28/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
987,
640
4. 500%
Step-
Up
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
7/
26/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
961,
720
4. 100%
U.
S.
Agency
Bonds
Mortgage
Corporation
8/
12/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
969,
610
4. 000%
Step-
Up
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
8/
23/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
953,
050
3. 820%
U.
S.
Agency
Bonds
Mortgage
Corporation
8/
28/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
955,
180
4. 000%
U.
S.
Agency
Bonds
Mortgage
Corporation
9/
13/
2024
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
972,
520
4. 800%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
10/
18/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
951,
490
4. 000%
U.
S.
Agency
Bonds
Mortgage
Corporation
10/
18/
2024
TAE
G.
RHEE,
FINANCE
DIRECTOR/
TREASURER
h/
y//
sherepointhetes/
Finenc&
Shered
Documents/
AA/
Treasurers
RepoH&
TR
23-
08 -
5-
CITY
OF
BELLFLOWER
AND
BELLFLOWER
SUCCESSOR
AGENCY
TREASURER'
S
REPORT
FOR
THE
MONTH
OF
SEPTEMBER
2023
CASH
AND
INVESTMENTS
BY
TYPE
As
of
October
11,
2023)
I
Dollar
Amount
Invested
Beginning
Disbursements/
Ending
Yield
Type
of
Issuer
of
Balance/
Bond
Prem.
Balance/
Par
Market
Interest (
If
Diff.)/
Investment/
Investment/
Date
of
Deficit)
Deposits
Amort./
Discount (
Deficit)
Value
Value
Rate
Steps
Deposit
Deposit
Maturity
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
947,
620
4. 000%
U.
S.
Agency
Bonds
Mortgage
Corporation
11/
25/
2024
Federal
Home
Loan
Bank
2,
000,
000
2,
000,
000
2,
000,
000
1,
990,
080
5. 450%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
12/
12/
2024
Federal
Home
Loan
Bank
2,
650,
000
2,
650,
000
2,
650,
000
2,
638,
499
5. 580%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
12/
20/
2024
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
935,
260
4. 000%
U.
S.
Agency
Bonds
Mortgage
Corporation
2/
26/
2025
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
986,
020
5. 730%
U.
S.
Agency
Bonds
Mortgage
Corporation
4/
3/
2025
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
984,
490
5. 750%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
7/
14/
2025
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
987,
850
5. 500%
U.
S.
Agency
Bonds
Mortgage
Corporation
8/
1/
2025
Federal
Home
Loan
Federal
Home
Loan
Mortgage
Corporation
3,
000,
000
3,
000,
000
3,
000,
000
2,
962,
710
5. 000%
U.
S.
Agency
Bonds
Mortgage
Corporation
8/
25/
2025
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
979,
930
5. 750%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
1/
27/
2026
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
961,
480
4. 500%
Step-
Up
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
1/
28/
2026
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
985,
930
5. 375%
Step-
Up
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
3/
6/
2026
Federal
Home
Loan
Bank
3,
000,
000
3,
000,
000
3,
000,
000
2,
981,
010
5. 500%
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
7/
24/
2026
Federal
Home
Loan
Bank
5,
000,
000
5,
000,
000
5,
000,
000
4,
943,
700
4. 500%
Step-
Up
U.
S.
Agency
Bonds
Federal
Home
Loan
Bank
9/
30/
2027
Dreyfus
Treasury
Securities
Cash
Management-
Institutional
2,
375,
520
372,
932
2,
748,
452
N/
A
2,
748,
452
5. 240%
Money
Market
Fund
Dreyfus
N/
A
Charles
Schwab
Trust
Bank
Section
115
Pension
Stabilization
Trust
Various
Investments/
Various;
Held
by
Charles
Investments/
Mutual
Funds
1,
033,
429
222,
865 (
215,
519)
1,
040,
776
N/
A
1,
050,
525
N/
A
Mutual
Funds
Schwab
Trust
N/
A
Charles
Schwab
Trust
Trust
Cash
11,
347
222,
826
222,
902)
11,
272
N/
A
11,
272
0. 450%
Trust
Cash
Account
Bank
N/
A
TOTAL
INVESTMENTS
113,
253,
600
3,
595,
288 (
2,
938,
420)
113,
910,
468
112,
778,
987
BANK
DEPOSITS(
2):
General
Operating
Account(
3)
5,
152,
063
6,
191,
933 (
7,
564,
432)
3,
779,
564
N/
A
3,
779,
564
N/
A
Checking
Account
BMO
N/
A
Payroll
Account(
3)
78,
814)
1,
237,
115 (
1,
170,
412)
12,
111)
N/
A
12,
111)
N/
A
Checking
Account
BMO
N/
A
Revolving
Account(
3)
158,
129 (
158,
129)
N/
A
N/
A
Checking
Account
BMO
N/
A
Sec.
125
Flex
Spending
Account(
3)
14,
892
1,
556)
13,
336
N/
A
13,
336
N/
A
Checking
Account
BMO
N/
A
Pooled
Cash
Allocated
to
SA
9,
903)
2,
213
7,
690)
N/
A
7,
690)
N/
A
TOTAL
BANK
DEPOSITS
5,
078,
238
7,
589,
390 (
8,
894,
529)
3,
773,
099
3,
773,
099
PETTY
CASH
4,
290
4,
290
N/
A
4,
290
N/
A
CITY-TOTAL
DEPOSITS
AND
INVESTMENTS
118,
336,
128 $
11,
184,
678 $ (
11,
832,
949) $
117,
687,
857
116,
556,
376
TAE
O.
RHEE,
FINANCE
DIRECTOR/
TREASURER
hey//
sharepomt/
sites/
Finance/
Shared
Documents/
AA/
Treasurers
Reports/
TR
23-
09 -
6-K'!
CITY
OF
BELLFLOWER
AND
BELLFLOWER
SUCCESSOR
AGENCY
TREASURER'
S
REPORT
FOR
THE
MONTH
OF
SEPTEMBER
2023
CASH
AND
INVESTMENTS
BY
TYPE
As
of
October
11,
2023)
Dollar
Amount
Invested
Beginning
Disbursements/
Ending
Yield
Type
of
Issuer
of
Balance/
Bond
Prem.
Balance/
Par
Market
Interest (
If
Diff.)/
Investment/
Investment/
Date
of
Deficit)
Deposits
Amort./
Discount (
Deficit)
Value
Value
Rate
Steps
Deposit
Deposit
Maturity
SUCCESSOR
AGENCY:
BMO
Business
Checking
Account(
2)(
3)
32,
399 $
32,
399
N/
A $
32,
399
N/
A
Checking
Account
BMO
N/
A
Cash/
Investments
Held
By
Bond
Trustee-
Bank
of
New
York
Mellon
Trust
Company
Taxable
Tax
Allocation
Refunding
Bonds,
Series
2016
Dreyfus
Treasury
Securities
Cash
Management-
385,
724
1,
700
387,
425
N/
A
387,
425
5. 240%
Money
Market
Fund
Dreyfus
N/
A
InstitutionalTOTAL
INVESTMENTS
418,
123
1,
700
419,
824
419,
824
Pooled
Cash
Account
9,
903
2,
213)
7,
690
N/
A
7,
690
N/
A
SUCCESSOR
AGENCY-
TOTAL
DEPOSITS
AND
INVESTMENTS
428,
026 $
1,
700 $ (
2,
213) $
427,
514
427,
514
CITY
8 SUCCESSOR
AGENCY-
TOTAL
DEPOSITS
AND
INVESTMENTS
118,
764,
154 $
11,
186,
378 $ (
11,
835,
162) $
118,
115,
371
116,
983,
890
NOTES:
1)
Local
Agency
Investment
Fund(
LAIF)
is
a
special
fund
of
the
California
State
Treasury
through
which
local
governments
may
pool
investments.
The
market
value
factor
is
provided
by
LAIF
on
a
quarterly
basis
as
of
March
31,
June
30,
September
30,
and
December
31. The
intervening
months'
market
values
are
estimates.
2)
All
bank
deposits
are
insured
up
to$
250,
000
by
the
FDIC.
Under
the
California
Government
Code,
banks
and
savings
are
also
required
to
secure
the
City'
s
deposits
by
either(
1)
pledging
government
securities
with
market
value
of
at
least
110%
of
the
deposits
as
collateral,
or(
2)
pledging
first
trust
deed
mortgage
notes
having
a
value
of
at
least
150%
of
the
deposits.
Bank
deposits,
CDs
and
money
market
account
market
values
are
the
same
as
the
carrying
values.
3)
Analysis
account.
4)
CaITRUST
is
a
joint
powers
authority
formed
by
a
number
of
public
agencies
in
California
to
provide
a
method
of
pooling
for
investment
purposes.
5)
Los
Angeles
County
Pooled
Investment
Fund
is
an
investment
pool
managed
by
the
L.
A.
County
Treasurer.
The
current
interest
rate
and
market
value
are
estimates
based
on
the
preceding
month'
s
data.
A.
The
City'
s
investment
portfolio
complies
with
the
Statement
of
Investment
Policy.
B.
Based
on
the
City'
s
current
cash
and
investment
position
and
estimated
cash
flows,
the
City
will
meet
its
expenditure
requirements
for
the
next
six
months.
C.
Interest
rates
and
market
values
are
provided
on
the
monthly
trustee,
custody
and
investment
statements
and
websites.
TAE
G.
RHEE,
FINANCE
DIRECTOR/
TREASURER
hrplMrepoinHeees/
Finence/
Shred
Documents/
AA/
Tresure/
s
Reports/
TR
23-
09 -
7-
TREASURER'S REPORT FOR THE MONTH OF SEPTEMBER 2023
SUPPLEMENTAL LAW ENFORCEMENT SERVICES FUND-FUND NO. 050
STATEMENT OF RECEIPTS, ALLOCATIONS AND EXPENDITURES
As of October 11, 2023)
ACTUAL ACTUAL BUDGET
Fiscal Year Reporting FY 2023-24 Fiscal Year
2022-23 Month To Date 2023-24
Beginning Cash Balance 259,470 $ 339,259 $ 338,025 338,025 Receipts:
SLESF Funding 196,933 200,000
Interest 9,186 7,800
Total Receipts 206,119 207,800
Expenditures/Allocations:
L.A. County Sheriffs Department/
City Public Safety
General Law Cars 110,000) 42,300) 84,599) 150,000)
Equipment Leases/Purchases 11,795) 983) 1,966) 49,000) Total Expenditures/Allocations 121,795) 43,283) 86,565) 199,000) Net Adjustment(Receivables & Payables) 5,769) 44,516
Ending Cash Balance 338,025 $ 295,976 $ 295,976 346,825 Note: Balances in this report have been adjusted to reflect fiscal year-end closing entries.
TAE G.RHEE,FINANCE DIRECTOR/TREASURER http://sharepoint/sdes/Finance/Shared Documents/AA/Treasurers Reports/TR 23-09 -8-
r
CITY OF BELLFLOWER & BELLFLOWER SUCCESSOR AGENCY
TREASURER'S REPORT
The City of Bellflower and Successor Agency invest funds in the State of California Local Agency Investment Fund and the Los Angeles County Pooled Investment Fund. The latest summary reports are attached, and the detail reports are available at:
State of California Local Agency Investment Fund:
Local Agency Investment Fund(LAIF)
http://www.treasurer.ca.gov/pmia-Iaif/Iaif/index.asp
Pooled Money Investment Account(PM/A)
http://www.treasurer.ca.gov/pmia-Iaif/pmia/index.asp
PM/A Market Valuation
https://www.treasurer.ca.qov/pmia-Iaif/reports/valuation.asp PMIA Selected Investment Data
https://www.treasurer.ca.qov/pmia-Iaif/performance/data.pdf Los Angeles County Pooled Investment Fund:
Los Angeles County Pooled Surplus Investments
https://ttc.Iacountv.gov/monthly-reports/
TAE G.RHEE,FINANCE DIRECTOR/TREASURER http://sharepointisites/Finance/Shared Documents/AA/Treasurer's Reports/TR 23-09 -9-
o4_
yOWES t4f_State of California
e PMIA 9 Pooled Money Investment Account0
Market Valuation
F4.Itouto0..
1/4 9/30/2023
Carrying Cost Plus
Description Accrued Interest Purch. Amortized Cost Fair Value Accrued Interest United States Treasury:
Bills 22,254,070,554.26 $ 22,573,811,770.05 $ 22,564,630,000.00 NA Notes 75,736,882,320.52 $ 75,726,070,719.47 $ 73,914,693,500.00 $ 356,275,509.00 Federal Agency:
SBA 289,931,607.50 $289,931,607.50 $289,283,255.27 $ 1,343,664.44 MBS-REMICs 2,444,395.28 $ 2,444,395.28 $ 2,377,611.11 $ 10,790.37 Debentures 8,932,358,628.46 $ 8,931,933,628.45 $ 8,757,401,100.00 $ 56,448,847.70 Debentures FR
Debentures CL 800,000,000.00 $800,000,000.00 $778,527,500.00 $ 6,377,986.50 Discount Notes 19,299,127,548.54 $ 19,592,303,562.55 $ 19,597,035,000.00 NA Supranational Debentures $ 3,069,440,886.57 $ 3,069,197,136.57 $ 3,000,342,800.00 $ 21,753,731.10 Supranational Debentures FR $
CDs and YCDs FR
Bank Notes 100,000,000.00 $100,000,000.00 $ 99,998,636.29 $ 3,441,666.67 CDs and YCDs 10,900,000,000.00 $ 10,900,000,000.00 $ 10,895,339,264.35 $ 125,772,666.67 Commercial Paper 6,278,680,305.56 $ 6,336,423,069.39 $ 6,333,243,472.32 NA Corporate:
Bonds FR
Bonds 438,461,769.11 $438,392,491.33 $413,769,970.00 $ 2,753,541.98 Repurchase Agreements
Reverse Repurchase
Time Deposits 5,243,000,000.00 $ 5,243,000,000.00 $ 5,243,000,000.00 NA PMIA&GF Loans 380,513,000.00 $380,513,000.00 $380,513,000.00 NA TOTAL 153,724,911,015.80 $ 154,384,021,380.59 $ 152,270,155,109.34 $ 574,178,404.43 Fair Value Including Accrued Interest 152,844,333,513.77 Repurchase Agreements,Time Deposits, PMIA&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost(0.986307739).
As an example: if an agency has an account balance of$20,000,000.00,then the agency would report its participation in the LAIF valued at$19,726,154.79 or$20,000,000.00 x 0.986307739. 10-
st.utvESTpf`
t
4 WoV,1F .
n
POOLED MONEY INVESTMENT ACCOUNT
O
e
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio Dollars In Thousands)
September 30, 2023
DIFFERENCE IN
PERCENT OF
PERCENT OF PORTFOLIO FROM
TYPE OF SECURITY AMOUNT ($) PORTFOLIO PRIOR MONTH
Government
Bills 22,254,071 14.23 1.13
Bonds 0 0.00 0
Notes 78,434,048 50.14 3.33
Strips 0 0.00 0
Total Government 100,688,119 64.37 4.46
Agency Debentures 13,091,731 8.38 0.60
Certificates of Deposit 10,900,000 6.97 0.56
Bank Notes 100,000 0.06 0
Repurchases 0 0.00 0
Agency Discount Notes 19,299,128 12.34 4.18
Time Deposits 5,243,000 3.35 0.25
GNMAs 0 0.00 0
Commercial Paper 6,278,680 4.01 0.60
Remics 2,444 0.00 0
Corporate Bonds 438,462 0.28 0.02
PMIA Loans 380,513 0.24 0.01
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 156,422,077 100.00
Percentages may be off due to rounding.
INVESTMENT ACTIVITY September 2023 August 2023
NUMBER AMOUNT($) NUMBER AMOUNT($)
Pooled Money 1,249 62,065,902 801 38,953,044
Other 63 2,136,000 5 201,817
Time Deposits 3 1,610,998 45 1,310,000
Total 1,315 65,812,900 851 40,464,861
PMIA Monthly Average Effective Yield (%) 3.534 3.434 Year to Date Yield Last Day of Month (%) 3.421 3.369 11-
THE LOS ANGELES COUNTY POOLED SURPLUS INVESTMENTS
The Treasurer and Tax Collector (the Treasurer) of Los Angeles County has the delegated authority to invest funds on deposit in the County Treasury (Treasury Pool).
As of August 31, 2023, investments in the Treasury Pool were held for local agencies including school districts, community college districts, special districts and discretionary depositors such as cities and independent districts in the following amounts:
Invested Funds
Local Agency in billions)
County of Los Angeles and Special Districts 19.188
Schools and Community Colleges 26.574
Discretionary Participants 3.343
Total 49.105
The Treasury Pool participation composition is as follows:
Non-discretionary Participants 93.19%
Discretionary Participants:
Independent Public Agencies 6.66%
County Bond Proceeds and Repayment Funds 0.15%
Total 100.00%
Decisions on the investment of funds in the Treasury Pool are made by the County Investment Officer in accordance with established policy, with certain transactions requiring the Treasurer's prior approval. In Los Angeles County, investment decisions are governed by Chapter 4 (commencing with Section 53600) of Part 1 of Division 2 of Title 5 of the California Government Code, which governs legal investments by local agencies in the State of California, and by a more restrictive Investment Policy developed by the Treasurer and adopted by the Los Angeles County Board of Supervisors on an annual basis. The Investment Policy adopted on March 21, 2023, reaffirmed the following criteria and order of priority for selecting investments:
1. Safety of Principal
2. Liquidity
3. Return on Investment
The Treasurer prepares a monthly Report of Investments (the Investment Report) summarizing the status of the Treasury Pool, including the current market value of all investments. This report is submitted monthly to the Board of Supervisors. According to 12-
the Investment Report dated September 29, 2023, the August 31, 2023 book value of the Treasury Pool was approximately $49.105 billion, and the corresponding market value was approximately $46.370 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor's staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County's outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of August 31, 2023:
Type of Investment of Pool
Certificates of Deposit 5.50
U.S. Government and Agency Obligations 72.45
Bank Acceptances 0.00
Commercial Paper 21.97
Municipal Obligations 0.06
Corporate Notes & Deposit Notes 0.02
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of August 31, 2023, approximately 36.58% of the investments mature within 60 days, with an average of 815 days to maturity for the entire portfolio.
TreesPool Update
08/31/2023
13-
POOLED SURPLUS EARNINGS REPORT
AUGUST 31, 2023
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENT PORTFOLIO
Investment Balance 08/31/23 49,104,681,693
Market Value at 08/31/23 46,370,000,470
Average Daily Balance 49,471,674,331
Gains and Losses:
For the Month
For the Past 12 Months
Unrealized Gains and Losses on Transfers
between Portfolio for the Month
Earnings for the Month 159,016,089
Earnings for the Past 12 Months 1,653,426,154
Earnings Rate for the Month 3.78%
14-