https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/Staff Report for TR.docx
14-B
TO: Honorable Mayor and Members of the City Council
ATTENTION: Ryan Smoot, 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 February 2024.
DATE: March 25, 2024
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 February 2024 ....................................................... 2
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 49,607,430$ 3,616,513$ (3,445,280)$ 49,778,663$ 011 General Fund Capital Projects 16,843,283 9,507 - 16,852,790 012 Public Projects 11,483,800 4,260 - 11,488,060 999 Cash Clearing Unallocated Interest 319,289 555,965 - 875,254 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 968,200 18,288 (239,800) 746,688 022 Public Facilities 32,431 1,185 (12,577) 21,039 026 Public Safety Facilities 138 - - 138 028 Transportation Facilities 4,719 - - 4,719 020 Public Arts 188,430 - (25,165) 163,265 Other Funds
013 DOT Highway Relinquishment 3,439,028 12,577 - 3,451,605 015 Transportation Development Act (TDA) Article 3 (90,000) - - (90,000) 030 Grant Projects 488,700 - (464,087) 24,613 037 Drug Rehabilitation Program 272,523 9,167 - 281,690 040 Public Educational Government (PEG) 921,917 21,582 - 943,499 050 California COPS 382,010 10,037 (983) 391,064 070 Measure A Fund (218,847) - (3,047) (221,894) 090 Agency Fund/Refundable Deposits-Private Projects 1,994,742 67,925 (38,830) 2,023,837 100 Proposition A - Transportation 2,402,733 193,130 (170,380) 2,425,483 115 Measure M - Streets 3,330,285 135,975 (656,597) 2,809,663 125 Measure R - Streets 2,976,655 120,128 (176,567) 2,920,216 135 Proposition C - Streets 2,713,128 161,126 (117,260) 2,756,994 140 State Gas Tax - Streets 5,478,582 167,028 (114,594) 5,531,016 145 Road Maintenance and Rehabilitation Account (RMRA) 5,846,708 193,298 (31,751) 6,008,255 150 Air Quality Management District Fees 167,957 23,520 (59,987) 131,490 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 4,201,809 - (16,765) 4,185,044 510 Economic Development 2,775,784 - (10,915) 2,764,869 530 Equipment Replacement 1,237,392 1,700 (40,392) 1,198,700 540 GIS Update 259,746 2,102 - 261,848 542 General Planning and Zoning Update 1,071,234 5,848 (960) 1,076,122 600 Building and Safety 396,463 58,756 (62,047) 393,172 602 Accessibility Compliance Fund 110,124 1,332 - 111,456 700 Debt Service - Public Facilities Corporation - - - - 710 Debt Service - Financing Authority (27,773) 5,864 - (21,909) 720 Debt Service - 2021/2018 Transportation COPS 1,897 9 - 1,906 730 Debt Service - 2021 Pension Obligation Bonds 154,778 540 (156,890) (1,572) 900 Community Development Block Grant (CDBG) (280,266) 209,221 (73,542) (144,587) 910 HOME Investment Partnership (42,813) - (24,281) (67,094) 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (18,577) 1,309 (4,786) (22,054) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 594,917 96 (58,841) 536,172 TOTAL CITY OF BELLFLOWER 122,174,078$ 5,607,988$ (6,006,324)$ 121,775,742$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust -$ -$ -$ -$ 970 Redevelopment Obligation Retirement Fund 414,806 1,748 (384,732) 31,822 972 Successor Agency Administration Fund 14,202 - (3,315) 10,887 TOTAL SUCCESSOR AGENCY 429,008$ 1,748$ (388,047)$ 42,709$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 122,603,086$ 5,609,736$ (6,394,371)$ 121,818,451$
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of March 13, 2024)
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2024
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
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 21,839.00 October 17, 2023 Park Fac Fee/10349 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10341 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10345 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10347 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10339 Mapledale 15,021.58 December 29, 2023 Park Fac Fee/9435 Cedar 18,288.00 January 3, 2024 Park Fac Fee/8746 Burton 18,730.80 January 11, 2024 Park Fac Fee/17932 Balfern 36,576.00 January 11, 2024 Park Fac Fee/10490 Greenhurst 7,176.45 January 17, 2024 Park Fac Fee/16620 Grand 20,327.00 January 18, 2024 Park Fac Fee/15714 Cornuta 11,111.55 January 18, 2024 Park Fac Fee/16624 Grand 2,000.00 February 7, 2024 Park Fac Fee/15550 Bellflower 16,288.00 February 7, 2024 Park Fac Fee/15550 Bellflower 294,841.38$
Project Expenditures:
84,727.15$ Park Master Plan
756,112.49 Butterfly Garden Improvements
350,385.68 Thompson Park Improvements
1,191,225.32$
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 1,416.00 October 17, 2023 Public Fac Fee/10349 Mapledale 1,416.00 October 17, 2023 Public Fac Fee/10341 Mapledale 1,416.00 October 17, 2023 Public Fac Fee/10345 Mapledale 1,416.00 October 17, 2023 Public Fac Fee/10347 Mapledale 1,416.00 October 17, 2023 Public Fac Fee/10339 Mapledale 973.34 December 29, 2023 Public Fac Fee/9435 Cedar 1,185.00 January 3, 2024 Public Fac Fee/8746 Burton 1,426.59 January 11, 2024 Public Fac Fee/17932 Balfern 2,370.00 January 11, 2024 Public Fac Fee/10490 Greenhurst 465.00 January 17, 2024 Public Fac Fee/16620 Grand 1,416.00 January 18, 2024 Public Fac Fee/15714 Cornuta 720.00 January 18, 2024 Public Fac Fee/16624 Grand 1,185.00 February 7, 2024 Public Fac Fee/15550 Bellflower 20,764.07$
Project Expenditures:
12,577.35$ Maintenance Yard
12,577.35$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - February 29, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - February 29, 2024)
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:
297,429.10$ Bellflower Gateway Sign
297,429.10$
PUBLIC SAFETY FACILITIES FEES
Revenues:
28.05$ July 26, 2023 Public Safety Fac Fee/16000 Woodruff 108.90 January 11, 2024 Public Safety Fac Fee/17932 Balfern 136.95$
Project Expenditures:
-$
-$
TRANSPORTATION FACILITIES FEES
Revenues:
441.66$ July 26, 2023 Transportation Fac Fee/16000 Woodruff 4,268.88$ January 11, 2024 Transportation Fac Fee/17932 Balfern 4,710.54$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
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$
Project 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$
Project 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$
Project Expenditures:
75,584.05$ Bellflower Gateway Sign
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2022 - June 30, 2023)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-01 - F602
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)14,723,895$ -$ -$ 14,723,895$ N/A 14,628,825$ 4.122%See attached Pooled Money Investment Account Portfolio.
Detail report available at:
https://www.treasurer.ca.gov/pmia-laif/pmia/index.asp
Los Angeles County Pooled Investment Fund (5)3,497,051 12,678 - 3,509,729 N/A 3,375,140 4.150%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 4,058,078 9,046,389 - 13,104,467 N/A 13,104,467 5.410%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
Cash / Investments Held By Bond Trustee -
Bank of New York Mellon Trust Company
-Dreyfus Treasury Securities Cash Management -
Institutional / (2008/2018) 2021 COPs
1,898 8 - 1,906 N/A 1,906 5.210% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
156,898 540 (156,890) 548 N/A 548 5.210% Money Market Fund Dreyfus N/A Cash / Investments Held By Trustee -
Bank of New York Mellon Trust Company
-Dreyfus Treasury Securities Cash Management -
Institutional / Water Infrastructure Trust Fund
2,145,246 9,508 - 2,154,754 N/A 2,154,754 5.210% Money Market Fund Dreyfus N/A
Cash / Investments Held By Custodian -
Bank of New York Mellon Trust Company
-Federal Home Loan Bank 3,000,000 - (3,000,000) - - - 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 2,999,850 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 2,997,900 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 2,995,590 4.750%U.S. Agency Bonds Federal Home Loan Bank 4/26/2024 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,986,110 3.250%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 5/17/2024
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 2,976,990 3.000%U.S. Agency Bonds Federal Home Loan Bank 6/28/2024 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,980,230 4.100%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/12/2024
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 2,983,620 4.500%Step-Up U.S. Agency Bonds Federal Home Loan Bank 8/23/2024 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,978,970 3.820%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/28/2024
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,978,520 4.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 9/13/2024
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 2,986,710 4.800%U.S. Agency Bonds Federal Home Loan Bank 10/18/2024 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,974,920 4.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 10/18/2024
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2024
Dollar Amount Invested
(As of March 13, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
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 AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2024
Dollar Amount Invested
(As of March 13, 2024)
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,975,130 4.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 11/25/2024
-Federal Home Loan Bank 2,000,000 - - 2,000,000 2,000,000 1,998,960 5.450%U.S. Agency Bonds Federal Home Loan Bank 12/12/2024 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,963,130 4.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 2/26/2025
-Federal Home Loan Mortgage Corporation 3,000,000 - (3,000,000) - - - 5.500%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/1/2025
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,981,940 5.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/25/2025
-Federal Home Loan Bank 5,000,000 - - 5,000,000 5,000,000 4,999,600 5.400%U.S. Agency Bonds Federal Home Loan Bank 12/22/2025 -Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 2,985,870 5.000%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 2,999,850 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 2,996,790 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 4,998,900 5.000%Step-Up U.S. Agency Bonds Federal Home Loan Bank 9/30/2027 -Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,994,540 6.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 10/26/2027
-Dreyfus Treasury Securities Cash Management -
Institutional 18,805,843 6,496,909 (9,000,010) 16,302,742 N/A 16,302,742 5.210%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,050,270 140,945 (119,253) 1,071,962 N/A 1,198,045 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 13,857 139,881 (141,466) 12,272 N/A 12,272 0.450%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 116,453,036 15,846,858 (15,417,619) 116,882,275 116,512,819 BANK DEPOSITS (2):
-General Operating Account (3)5,701,144 8,659,216 (9,428,512) 4,931,848 N/A 4,931,848 N/A Checking Account BMO N/A -Payroll Account (3)(3,522) 1,577,144 (1,637,231) (63,609) N/A (63,609) N/A Checking Account BMO N/A -Revolving Account (3)- 170,872 (170,872) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)33,331 - (1,506) 31,825 N/A 31,825 N/A Checking Account BMO N/A - Pooled Cash Allocated to SA (14,201) 3,314 - (10,887) N/A (10,887) N/A TOTAL BANK DEPOSITS 5,716,752 10,410,546 (11,238,121) 4,889,177 4,889,177 PETTY CASH 4,290 - - 4,290 N/A 4,290 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 122,174,078$ 26,257,404$ (26,655,740)$ 121,775,742$ 121,406,286$ https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
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 AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2024
Dollar Amount Invested
(As of March 13, 2024)
SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)20,544$ -$ -$ 20,544$ N/A 20,544$ 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 -
Institutional
394,263 1,748 (384,733) 11,278 N/A 11,278 5.210% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 414,807 1,748 (384,733) 31,822 31,822 Pooled Cash Account 14,201 - (3,314) 10,887 N/A 10,887 N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 429,008$ 1,748$ (388,047)$ 42,709$ 42,709$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 122,603,086$ 26,259,152$ (27,043,787)$ 121,818,451$ 121,448,995$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
ACTUAL BUDGET
Fiscal Year Reporting FY 2023-24 Fiscal Year
2022-23 Month To Date 2023-24
Beginning Cash Balance 259,470$ 382,010$ 338,025$ 338,025$ Receipts:
SLESF Funding 196,933 10,037 200,201 200,000 Interest 9,186 - 7,501 7,800 Total Receipts 206,119 10,037 207,702 207,800 Expenditures/Allocations:
L.A. County Sheriff's Department/
City Public Safety
General Law Cars (110,000) - (150,000) (150,000) Equipment Leases / Purchases (11,795) (1,966) (6,881) (49,000) Total Expenditures/Allocations (121,795) (1,966) (156,881) (199,000) Net Adjustment (Receivables & Payables)(5,769) 983 2,218 - Ending Cash Balance 338,025$ 391,064$ 391,064$ 346,825$ ACTUAL
(As of March 13, 2024)
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2024
SUPPLEMENTAL LAW ENFORCEMENT SERVICES FUND - FUND NO. 050
STATEMENT OF RECEIPTS, ALLOCATIONS AND EXPENDITURES
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-02
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-laif/laif/index.asp
Pooled Money Investment Account (PMIA)
http://www.treasurer.ca.gov/pmia-laif/pmia/index.asp
PMIA Market Valuation
https://www.treasurer.ca.gov/pmia-laif/reports/valuation.asp PMIA Selected Investment Data
https://www.treasurer.ca.gov/pmia-laif/performance/data.pdf Los Angeles County Pooled Investment Fund:
Los Angeles County Pooled Surplus Investments
https://ttc.lacounty.gov/monthly-reports/
CITY OF BELLFLOWER & BELLFLOWER SUCCESSOR AGENCY
TREASURER'S REPORT
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-01 - F602 ⴱ〭
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 26,924,803,816.81$ 27,291,651,500.00$ NA Notes 63,298,748,638.50$ 62,447,680,500.00$ 388,251,924.50$ Federal Agency:
SBA 267,820,971.68$ 267,426,730.80$ 1,297,607.73$
MBS-REMICs 2,059,624.46$ 2,013,463.24$ 9,008.19$
Debentures 8,383,258,772.30$ 8,289,911,050.00$ 72,399,903.20$ Debentures FR -$ -$ -$
Debentures CL 800,000,000.00$ 787,913,500.00$ 5,686,111.50$ Discount Notes 28,871,448,333.25$ 29,262,665,000.00$ NA Supranational Debentures 2,819,489,700.14$ 2,780,695,500.00$ 22,733,834.60$ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 16,500,000,000.00$ 16,500,095,058.09$ 239,387,680.55$ Commercial Paper 10,484,704,916.64$ 10,621,501,579.94$ NA Corporate:
Bonds FR -$ -$ -$
Bonds 645,582,722.40$ 628,469,070.00$ 4,714,625.21$
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 4,959,000,000.00$ 4,959,000,000.00$ NA
PMIA & GF Loans 325,717,000.00$ 325,717,000.00$ NA
TOTAL 164,282,634,496.18$ 164,164,739,952.07$ 734,480,695.48$ Fair Value Including Accrued Interest 164,899,220,647.55$ Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
State of California
Pooled Money Investment Account
Market Valuation
2/29/2024
-11-
TYPE OF SECURITY AMOUNT ($)
*PERCENT OF
PORTFOLIO
*DIFFERENCE IN
PERCENT OF
PORTFOLIO FROM
PRIOR MONTH
Government
Bills 26,924,804 16.39 -1.32
Bonds 0 0.00 0
Notes 63,298,749 38.53 -2.64
Strips 0 0.00 0
Total Government 90,223,553 54.92 -3.96
Agency Debentures 12,270,569 7.48 +0.10
Certificates of Deposit 16,500,000 10.04 +1.06
Bank Notes 0 0.00 0
Repurchases 0 0.00 0
Agency Discount Notes 28,871,448 17.57 +2.42
Time Deposits 4,959,000 3.02 -0.11
GNMAs 0 0.00 0
Commercial Paper 10,484,705 6.38 +0.47
Remics 2,059 0.00 0
Corporate Bonds 645,583 0.39 +0.02
PMIA Loans 325,717 0.20 0
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 164,282,634 100.00
*Percentages may be off due to rounding.
INVESTMENT ACTIVITY February 2024 January 2024
NUMBER AMOUNT ($)NUMBER AMOUNT ($)
Pooled Money 926 45,941,092 777 38,448,354
Time Deposits 50 1,388,000 72 2,684,000
Other 1 742,634 3 680,420
Total 977 48,071,726 852 41,812,774
PMIA Monthly Average Effective Yield (%) 4.122 4.012
Year to Date Yield Last Day of Month (%) 3.722 3.667
POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
February 29, 2024
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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 January 31, 2024, 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:
The Treasury Pool participation composition is as follows:
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 Local Agency
Invested Funds
(in billions)
County of Los Angeles and Special Districts $24.100 Schools and Community Colleges 29.832
Discretionary Participants 3.839
Total $57.771
Non-discretionary Participants 93.35%
Discretionary Participants:
Independent Public Agencies 6.52%
County Bond Proceeds and Repayment Funds 0.13%
Total 100.00%
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the Investment Report dated February 29, 2024, the January 31, 2024 book value of the Treasury Pool was approximately $57.771 billion, and the corresponding market value was approximately $55.555 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of January 31, 2024:
Type of Investment % of Pool
Certificates of Deposit 4.07
U.S. Government and Agency Obligations 69.59
Bank Acceptances 0.00
Commercial Paper 26.27
Municipal Obligations 0.05
Corporate Notes & Deposit Notes 0.02
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of January 31, 2024, approximately 34.13% of the investments mature within 60 days, with an average of 700 days to maturity for the entire portfolio.
TreasPool Update
01/31/2024
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Investment Balance 01/31/24 57,770,783,168$
Market Value at 01/31/24 55,555,418,428$
Average Daily Balance 58,385,459,476$
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 205,880,857$
Earnings for the Past 12 Months 2,020,328,664$
Earnings Rate for the Month 4.15%
POOLED SURPLUS EARNINGS REPORT
JANUARY 31, 2024
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENT PORTFOLIO
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