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 April 2024.
DATE: May 28, 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 April 2024 .............................................................. 2
(:4 OF BELLFLOWQ
0 ROWING TOGETY‘EQ.
« Staft’eport
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 47,072,413$ 5,124,393$ (3,382,425)$ 48,814,381$ 011 General Fund Capital Projects 16,854,694 183,328 (180,781) 16,857,241 012 Public Projects 11,492,320 136,027 - 11,628,347 999 Cash Clearing Unallocated Interest 1,318,333 822,042 (1,566,821) 573,554 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 765,857 278,499 (47,359) 996,997 022 Public Facilities 19,623 3,292 (9,059) 13,856 026 Public Safety Facilities 376 146 - 522 028 Transportation Facilities 12,289 5,686 - 17,975 020 Public Arts (93,222) 1,525 (32,777) (124,474) Other Funds
013 DOT Highway Relinquishment 3,451,605 39,597 (64,184) 3,427,018 015 Transportation Development Act (TDA) Article 3 (90,000) - - (90,000) 030 Grant Projects 296,427 1,122,590 (74,158) 1,344,859 037 Drug Rehabilitation Program 281,690 - - 281,690 040 Public Educational Government (PEG) 943,499 49 (2,499) 941,049 050 California COPS 402,062 13,844 (983) 414,923 070 Measure A Fund (231,733) - (1,902) (233,635) 090 Agency Fund/Refundable Deposits-Private Projects 2,026,727 11,640 (3,920) 2,034,447 100 Proposition A - Transportation 2,421,454 185,007 (48,205) 2,558,256 115 Measure M - Streets 2,779,401 266,110 (409,029) 2,636,482 125 Measure R - Streets 3,074,612 238,537 (36,850) 3,276,299 135 Proposition C - Streets 2,822,444 163,207 (254,275) 2,731,376 140 State Gas Tax - Streets 5,546,710 219,876 (115,356) 5,651,230 145 Road Maintenance and Rehabilitation Account (RMRA) 6,170,345 234,502 - 6,404,847 150 Air Quality Management District Fees 131,935 1,666 - 133,601 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 4,117,939 46,182 (42,695) 4,121,426 510 Economic Development 2,742,932 357 (24,729) 2,718,560 530 Equipment Replacement 1,152,362 14,117 (83,478) 1,083,001 540 GIS Update 261,959 2,016 - 263,975 542 General Planning and Zoning Update 1,078,174 6,050 - 1,084,224 600 Building and Safety 367,432 63,091 (60,358) 370,165 602 Accessibility Compliance Fund 113,056 1,172 (653) 113,575 700 Debt Service - Public Facilities Corporation - 57,625 (57,625) - 710 Debt Service - Financing Authority (19,575) 9,502 - (10,073) 720 Debt Service - 2021/2018 Transportation COPS 78,619 85 (76,706) 1,998 730 Debt Service - 2021 Pension Obligation Bonds (1,570) 2,122 - 552 900 Community Development Block Grant (CDBG) (185,055) 150,724 (57,747) (92,078) 910 HOME Investment Partnership (73,644) 83,751 (8,482) 1,625 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (26,065) 13,446 (5,818) (18,437) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 513,995 6,543 (262) 520,276 TOTAL CITY OF BELLFLOWER 119,775,942$ 9,508,346$ (6,649,136)$ 122,635,152$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust -$ -$ -$ -$ 970 Redevelopment Obligation Retirement Fund 30,318 50 (1,900) 28,468 972 Successor Agency Administration Fund 8,494 - (1,910) 6,584 TOTAL SUCCESSOR AGENCY 38,812$ 50$ (3,810)$ 35,052$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 119,814,754$ 9,508,396$ (6,652,946)$ 122,670,204$
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of May 17, 2024)
TREASURER'S REPORT FOR THE MONTH OF APRIL 2024
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04
PARK FACILITIES FEES
Revenues:
18,288.00$ July 3, 2023
P
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F
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9 8
7 6
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21,839.00 September 14, 2023
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21,839.00 October 17, 2023
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21,839.00 October 17, 2023
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1 0
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21,839.00 October 17, 2023
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1 0
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21,839.00 October 17, 2023
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1 0
3 4
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21,839.00 October 17, 2023
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F
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/
1 0
3 3
9 M
a
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15,021.58 December 29, 2023
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F
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9 4
3 5
C
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d
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18,288.00 January 3, 2024
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a
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k
F
a
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F
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/
8 7
4 6
B
u
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t
o
n
18,730.80 January 11, 2024
P
a
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F
a
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F
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/
1 7
9 3
2 B
a
l
f
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n
36,576.00 January 11, 2024
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F
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1 0
4 9
0 G
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7,176.45 January 17, 2024
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F
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/
1 6
6 2
0 G
r
a
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d
20,327.00 January 18, 2024
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F
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1 5
7 1
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11,111.55 January 18, 2024
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F
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F
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/
1 6
6 2
4 G
r
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d
2,000.00 February 7, 2024
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1 5
5 5
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16,288.00 February 7, 2024
P
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F
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F
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/
1 5
5 5
0 B
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f
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20,622.80 March 8, 2024
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F
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9 4
6 5
1 /
2 J
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f
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s
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18,810.12 March 21, 2024
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a
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F
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/
9 7
3 5
A
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k
a
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s
a
s
24,682.00 April 9, 2024
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9 4
3 1
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2 R
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18,288.00 April 9, 2024
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/
1 4
0 3
9 P
r
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m
i
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e
377,244.30$
Project Expenditures:
111,055.63$ Park Master Plan
756,304.99 Butterfly Garden Improvements
350,385.68 Thompson Park Improvements
1,217,746.30$
PUBLIC FACILITIES FEES
Revenues:
1,185.00$ July 3, 2023
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a
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F
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/
9 8
7 6
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22.95 July 26, 2023
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1 6
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1,416.00 September 14, 2023
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1 0
3 3
7 M
a
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488.42 September 25, 2023
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a
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9 0
4 5
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830.77 September 28, 2023
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1 5
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0 W
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1,416.00 October 17, 2023
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1 0
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a
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1,416.00 October 17, 2023
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1 0
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a
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1,416.00 October 17, 2023
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1 0
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a
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1,416.00 October 17, 2023
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1 0
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a
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1,416.00 October 17, 2023
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3 3
9 M
a
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973.34 December 29, 2023
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9 4
3 5
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1,185.00 January 3, 2024
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8 7
4 6
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1,426.59 January 11, 2024
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1 7
9 3
2 B
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2,370.00 January 11, 2024
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465.00 January 17, 2024
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6 2
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1,416.00 January 18, 2024
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1 5
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720.00 January 18, 2024
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1,185.00 February 7, 2024
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1 5
5 5
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1,570.69 March 8, 2024
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1,434.98 March 21, 2024
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9 7
3 5
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1,879.85 April 9, 2024
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1,185.00 April 9, 2024
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9 P
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26,834.59$
Project Expenditures:
16,999.30$ Maintenance Yard
16,999.30$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - April 30, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04 : _ E
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - April 30, 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:
445,463.33$ Bellflower Gateway Sign
445,463.33$
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 119.90 March 8, 2024 Public Safety Fac Fee/9465 Jefferson 118.82 March 21, 2024 Public Safety Fac Fee/9735 Arkansas 143.50 April 9, 2024 Public Safety Fac Fee/9431 1/2 Ramona 519.17$
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 4,700.08 March 8, 2024 Transportation Fac Fee/9465 Jefferson 2,869.96 March 21, 2024 Transportation Fac Fee/9735 Arkansas 5,625.20 April 9, 2024 Transportation Fac Fee/9431 1/2 Ramona 17,905.78$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04
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$ 147,626$ -$ 14,871,521$ N/A 14,785,136$ 4.272%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)3,519,089 11,860 - 3,530,949 N/A 3,388,175 4.050%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 28,184,039 124,908 (10) 28,308,937 N/A 28,308,937 5.350%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
78,619 85 (76,705) 1,999 N/A 1,999 5.190% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
550 2 - 552 N/A 552 5.190% 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
2,163,661 9,530 - 2,173,191 N/A 2,173,191 5.190% 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) - - - 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 2,997,180 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 2,988,390 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 2,986,770 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 2,996,520 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 2,982,270 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 2,981,700 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 2,988,090 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 2,977,590 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 APRIL 2024
Dollar Amount Invested
(As of May 20, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04
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 APRIL 2024
Dollar Amount Invested
(As of May 20, 2024)
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,976,720 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 2,000,260 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 2,966,040 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 3,000,000 2,981,130 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 4,997,600 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 2,993,070 5.000%Step-Up U.S. Agency Bonds Federal Home Loan Bank 1/28/2026 -Federal Home Loan Bank - 4,000,000 - 4,000,000 4,000,000 3,994,520 5.625%U.S. Agency Bonds Federal Home Loan Bank 4/15/2026 -Federal Home Loan Bank - 4,250,000 - 4,250,000 4,250,000 4,243,498 5.500%U.S. Agency Bonds Federal Home Loan Bank 4/15/2026 -Federal Home Loan Bank - 4,000,000 - 4,000,000 4,000,000 3,996,040 5.375%U.S. Agency Bonds Federal Home Loan Bank 4/23/2026 -Federal Home Loan Bank 3,000,000 - (3,000,000) - - - 5.500%U.S. Agency Bonds Federal Home Loan Bank 7/24/2026 -Federal Home Loan Bank - 4,000,000 - 4,000,000 4,000,000 3,997,720 5.800%U.S. Agency Bonds Federal Home Loan Bank 4/22/2027 -Federal Home Loan Bank 5,000,000 - (5,000,000) - - - 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) - - - 6.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 10/26/2027
-Dreyfus Treasury Securities Cash Management -
Institutional 10,656,888 537,649 (2,260,853) 8,933,684 N/A 8,933,684 5.190%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,074,831 406 - 1,075,237 N/A 1,192,024 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 12,743 958 (448) 13,253 N/A 13,253 0.450%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 117,414,315 17,083,024 (16,338,016) 118,159,323 117,842,059 BANK DEPOSITS (2):
-General Operating Account (3)2,344,930 7,176,171 (5,061,405) 4,459,696 N/A 4,459,696 N/A Checking Account BMO N/A -Payroll Account (3)(9,461) 1,816,057 (1,814,024) (7,428) N/A (7,428) N/A Checking Account BMO N/A -Revolving Account (3)- 213,752 (213,751) 1 N/A 1 N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)30,362 - (4,507) 25,855 N/A 25,855 N/A Checking Account BMO N/A - Pooled Cash Allocated to SA (8,494) 1,910 - (6,584) N/A (6,584) N/A TOTAL BANK DEPOSITS 2,357,337 9,207,890 (7,093,687) 4,471,540 4,471,540 PETTY CASH 4,290 - - 4,290 N/A 4,290 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 119,775,942$ 26,290,914$ (23,431,703)$ 122,635,153$ 122,317,889$ https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04
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 APRIL 2024
Dollar Amount Invested
(As of May 20, 2024)
SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)18,994$ -$ (1,900)$ 17,094$ N/A 17,094$ 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
11,324 50 - 11,374 N/A 11,374 5.190% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 30,318 50 (1,900) 28,468 28,468 Pooled Cash Account 8,494 - (1,910) 6,584 N/A 6,584 N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 38,812$ 50$ (3,810)$ 35,052$ 35,052$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 119,814,754$ 26,290,964$ (23,435,513)$ 122,670,205$ 122,352,941$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-04
ACTUAL BUDGET
Fiscal Year Reporting FY 2023-24 Fiscal Year
2022-23 Month To Date 2023-24
Beginning Cash Balance 259,470$ 402,062$ 338,025$ 338,025$ Receipts:
SLESF Funding 196,933 9,395 221,577 200,000 Interest 9,186 4,449 11,950 7,800 Total Receipts 206,119 13,844 233,527 207,800 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) (983) (7,864) (49,000) Total Expenditures/Allocations (121,795) (983) (157,864) (199,000) Net Adjustment (Receivables & Payables)(5,769) - 1,235 - Ending Cash Balance 338,025$ 414,923$ 414,923$ 346,825$ ACTUAL
(As of May 17, 2024)
TREASURER'S REPORT FOR THE MONTH OF APRIL 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 24-04
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 35,373,771,328.36$ 35,812,925,867.50$ NA Notes 64,807,714,652.49$ 63,983,688,682.50$ 372,328,906.00$ Federal Agency:
SBA 257,148,292.59$ 251,439,956.55$ 1,245,990.70$
MBS-REMICs 1,969,219.55$ 1,913,742.70$ 8,590.56$
Debentures 8,032,854,727.68$ 7,929,641,345.00$ 48,426,221.95$ Debentures FR -$ -$ -$
Debentures CL 1,600,000,000.00$ 1,585,020,400.00$ 12,312,291.00$ Discount Notes 25,938,670,854.06$ 26,205,125,600.00$ NA Supranational Debentures 2,919,839,134.05$ 2,874,057,240.00$ 15,976,237.00$ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 15,150,015,000.00$ 15,144,578,111.20$ 218,884,486.12$ Commercial Paper 11,212,045,541.69$ 11,315,194,958.32$ NA Corporate:
Bonds FR -$ -$ -$
Bonds 699,090,069.71$ 679,642,499.00$ 6,191,909.65$
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,125,000,000.00$ 5,125,000,000.00$ NA
PMIA & GF Loans 349,834,000.00$ 349,834,000.00$ NA
TOTAL 171,467,952,820.18$ 171,258,062,402.77$ 675,374,632.98$ Fair Value Including Accrued Interest 171,933,437,035.75$ 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
4/30/2024
-11-
TYPE OF SECURITY AMOUNT ($)
*PERCENT OF
PORTFOLIO
*DIFFERENCE IN
PERCENT OF
PORTFOLIO FROM
PRIOR MONTH
Government
Bills 35,373,771 20.63 +2.09
Bonds 0 0.00 0
Notes 64,807,715 37.80 -1.90
Strips 0 0.00 0
Total Government 100,181,486 58.43 +0.19
Agency Debentures 12,809,842 7.46 +0.06
Certificates of Deposit 15,150,015 8.84 -0.39
Bank Notes 0 0.00 0
Repurchases 0 0.00 0
Agency Discount Notes
2 5
,
9 3
8 ,
6 7
1 1
5 .
1 3
+
0 .
3 7
Time Deposits 5,125,000 2.99 -0.26
GNMAs 0 0.00 0
Commercial Paper 11,212,046 6.54 +0.07
Remics 1,969 0.00 0
Corporate Bonds 699,090
0 .
4 1
-
0 .
0 2
PMIA Loans 349,834 0.20 -0.02
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 171,467,953 100.00
*Percentages may be off due to rounding.
INVESTMENT ACTIVITY April 2024 March 2024
NUMBER AMOUNT ($)NUMBER AMOUNT ($)
Pooled Money 983 48,619,864 1,120 55,590,784
Time Deposits 68 1,881,000 62 2,244,000
Other 4 1,440,793 0 0
Total 1,055 51,941,657 1,182 57,834,784
PMIA Monthly Average Effective Yield (%) 4.272 4.232
Year to Date Yield Last Day of Month (%) 3.828 3.779
POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
April 30, 2024
-12-
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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 March 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 19, 2024, 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 $23.233 Schools and Community Colleges 30.791
Discretionary Participants 3.597
Total $57.621
Non-discretionary Participants 93.76%
Discretionary Participants:
Independent Public Agencies 6.11%
County Bond Proceeds and Repayment Funds 0.13%
Total 100.00%
ⴱ㌭
the Investment Report dated April 30, 2024, the March 31, 2024 book value of the Treasury Pool was approximately $57.621 billion, and the corresponding market value was approximately $55.291 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of March 31, 2024:
Type of Investment % of Pool
Certificates of Deposit 4.17
U.S. Government and Agency Obligations 67.01
Bank Acceptances 0.00
Commercial Paper 28.73
Municipal Obligations 0.07
Corporate Notes & Deposit Notes 0.02
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of March 31, 2024, approximately 34.58% of the investments mature within 60 days, with an average of 686 days to maturity for the entire portfolio.
TreasPool Update
03/31/2024
ⴱ㐭
Investment Balance 03/31/24 57,621,198,076$
Market Value at 03/31/24 55,291,282,487$
Average Daily Balance 55,561,940,800$
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 191,461,112$
Earnings for the Past 12 Months 2,122,402,975$
Earnings Rate for the Month 4.05%
POOLED SURPLUS EARNINGS REPORT
MARCH 31, 2024
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENT PORTFOLIO
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