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 May 2024.
DATE: June 24, 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 May 2024 ............................................................... 2
- 1 -
0F BELLFL Q m st af m teport
0E BELLFLOWGQ «‘1 4n» stafteport
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 48,814,381$ 9,779,457$ (4,380,443)$ 54,213,395$ 011 General Fund Capital Projects 16,857,241 9,242 (57,870) 16,808,613 012 Public Projects 11,628,347 4,260 - 11,632,607 999 Cash Clearing Unallocated Interest 573,554 354,527 - 928,081 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 996,997 50,489 (106,266) 941,220 022 Public Facilities 13,856 9,772 - 23,628 026 Public Safety Facilities 522 - - 522 028 Transportation Facilities 17,975 - - 17,975 020 Public Arts (124,474) - (492) (124,966) Other Funds
013 DOT Highway Relinquishment 3,427,018 - - 3,427,018 015 Transportation Development Act (TDA) Article 3 (90,000) - - (90,000) 030 Grant Projects 1,344,859 139,908 (25,440) 1,459,327 037 Drug Rehabilitation Program 281,690 - - 281,690 040 Public Educational Government (PEG) 941,050 21,077 - 962,127 050 California COPS 414,923 968 (983) 414,908 070 Measure A Fund (233,635) - (6,423) (240,058) 090 Agency Fund/Refundable Deposits-Private Projects 2,034,447 63,600 (13,602) 2,084,445 100 Proposition A - Transportation 2,558,256 164,356 (147,736) 2,574,876 115 Measure M - Streets 2,636,482 130,416 (4,286) 2,762,612 125 Measure R - Streets 3,276,299 102,226 (29,277) 3,349,248 135 Proposition C - Streets 2,731,376 137,716 (43,698) 2,825,394 140 State Gas Tax - Streets 5,651,230 155,206 (108,039) 5,698,397 145 Road Maintenance and Rehabilitation Account (RMRA)6,404,847 177,333 - 6,582,180 150 Air Quality Management District Fees 133,601 - - 133,601 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 4,121,426 2,635,561 (536,319) 6,220,668 510 Economic Development 2,718,560 357 (32,651) 2,686,266 530 Equipment Replacement 1,083,001 - (142,051) 940,950 540 GIS Update 263,975 2,926 - 266,901 542 General Planning and Zoning Update 1,084,224 8,810 (1,600) 1,091,434 600 Building and Safety 370,165 82,564 (67,643) 385,086 602 Accessibility Compliance Fund 113,575 1,684 - 115,259 700 Debt Service - Public Facilities Corporation - - - - 710 Debt Service - Financing Authority (10,073) 5,970 - (4,103) 720 Debt Service - 2021/2018 Transportation COPS 1,998 9 - 2,007 730 Debt Service - 2021 Pension Obligation Bonds 552 3 - 555 900 Community Development Block Grant (CDBG)(92,078) 179 (68,304) (160,203) 910 HOME Investment Partnership 1,625 - (38,802) (37,177) 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (18,437) 5,356 (4,385) (17,466) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 520,276 96 (32,198) 488,174 TOTAL CITY OF BELLFLOWER 122,635,153$ 14,044,068$ (5,848,508)$ 130,830,713$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust -$ -$ -$ -$ 970 Redevelopment Obligation Retirement Fund 28,468 48 - 28,516 972 Successor Agency Administration Fund 6,584 - (4,602) 1,982 TOTAL SUCCESSOR AGENCY 35,052$ 48$ (4,602)$ 30,498$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 122,670,205$ 14,044,116$ (5,853,110)$ 130,861,211$
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of June 17, 2024)
TREASURER'S REPORT FOR THE MONTH OF MAY 2024
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-05- 2 -
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 20,622.80 March 8, 2024 Park Fac Fee/9465 1/2 Jefferson 18,810.12 March 21, 2024 Park Fac Fee/9735 Arkansas 24,682.00 April 9, 2024 Park Fac Fee/9431 1/2 Ramona 18,288.00 April 9, 2024 Park Fac Fee/14039 Premiere 10,896.52 May 8, 2024 Park Fac Fee/16849 Chicago 30,448.85 May 20, 2024 Park Fac Fee/9267 Faywood 9,144.00 May 28, 2024 Park Fac Fee/17648 Downey 427,733.67$
Project Expenditures:
112,910.82$ Park Master Plan
860,599.95 Butterfly Garden Improvements
350,385.68 Thompson Park Improvements
1,323,896.45$
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 1,570.69 March 8, 2024 Public Fac Fee/9465 Jefferson 1,434.98 March 21, 2024 Public Fac Fee/9735 Arkansas 1,879.85 April 9, 2024 Public Fac Fee/9431 1/2 Ramona 1,185.00 April 9, 2024 Public Fac Fee/14039 Premiere 706.05 May 8, 2024 Public Fac Fee/16849 Chicago 4,800.00 May 17, 2024 Public Fac Fee/17102 Clark 1,701.18 May 17, 2024 Public Fac Fee/17102 Clark 1,972.98 May 20, 2024 Public Fac Fee/9267 Faywood 592.50 May 28, 2024 Public Fac Fee/17648 Downey 36,607.30$
Project Expenditures:
16,999.30$ Maintenance Yard
16,999.30$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - May 31, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-05- 3 -
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - May 31, 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
491.95 Veterans Memorial
445,955.28$
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 24-05- 4 -
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 24-05- 5 -
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)14,871,521$ -$ -$ 14,871,521$ N/A 14,785,137$ 4.332%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)3,530,949 12,475 - 3,543,424 N/A 3,400,105 4.210%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 28,308,937 8,642,969 - 36,951,906 N/A 36,951,906 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
1,999 8 - 2,007 N/A 2,007 5.190% Money Market Fund Dreyfus N/A - Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
552 2 - 554 N/A 554 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
2,173,191 9,242 - 2,182,433 N/A 2,182,433 5.190% Money Market Fund Dreyfus N/A
Cash / Investments Held By Custodian -
Bank of New York Mellon Trust Company
-Federal Home Loan Mortgage Corporation 3,000,000 - (3,000,000) - - - 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 2,994,840 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 2,990,910 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 2,997,420 5.000% 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 2,986,260 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 2,986,260 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 2,989,170 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 2,982,060 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 MAY 2024
Dollar Amount Invested
(As of June 17, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-05- 6 -
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 MAY 2024
Dollar Amount Invested
(As of June 17, 2024)
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,977,410 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 1,996,700 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 2,971,230 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 2,984,820 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 4,998,150 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 2,994,030 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 3,997,120 5.625%U.S. Agency Bonds Federal Home Loan Bank 4/15/2026 -Federal Home Loan Mortgage Corporation 4,250,000 - - 4,250,000 4,250,000 4,251,148 5.500%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 4/15/2026
-Federal Home Loan Bank 4,000,000 - - 4,000,000 4,000,000 3,998,360 5.375%U.S. Agency Bonds Federal Home Loan Bank 4/23/2026 -Federal Home Loan Mortgage Corporation 4,000,000 - - 4,000,000 4,000,000 3,997,800 5.800%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 4/22/2027
-Federal Home Loan Bank - 3,000,000 - 3,000,000 3,000,000 2,997,570 5.500%U.S. Agency Bonds Federal Home Loan Bank 5/24/2027 -Federal Home Loan Mortgage Corporation - 3,000,000 - 3,000,000 3,000,000 2,995,215 5.250% Step-Up U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 5/23/2029
-Dreyfus Treasury Securities Cash Management -
Institutional 8,933,683 199,083 (3,000,000) 6,132,766 N/A 6,132,766 5.190%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
- Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,075,237 2,469 - 1,077,706 N/A 1,242,363 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 13,253 1,007 (2,694) 11,566 N/A 11,566 0.450%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 118,159,323 14,867,255 (6,002,694) 127,023,884 126,795,310 BANK DEPOSITS (2):
-General Operating Account (3)4,459,696 13,981,706 (14,654,121) 3,787,281 N/A 3,787,281 N/A Checking Account BMO N/A -Payroll Account (3)(7,428) 1,294,055 (1,293,694) (7,067) N/A (7,067) N/A Checking Account BMO N/A -Revolving Account (3)1 165,904 (165,905) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)25,855 - (1,548) 24,307 N/A 24,307 N/A Checking Account BMO N/A - Pooled Cash Allocated to SA (6,584) 4,602 - (1,982) N/A (1,982) N/A TOTAL BANK DEPOSITS 4,471,540 15,446,267 (16,115,268) 3,802,539 3,802,539 PETTY CASH 4,290 - - 4,290 N/A 4,290 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 122,635,153$ 30,313,522$ (22,117,962)$ 130,830,713$ 130,602,139$ https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-05- 7 -
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 MAY 2024
Dollar Amount Invested
(As of June 17, 2024)
SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)17,094$ -$ -$ 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
11,374 48 - 11,422 N/A 11,422 5.190% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 28,468 48 - 28,516 28,516 Pooled Cash Account 6,584 - (4,602) 1,982 N/A 1,982 N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 35,052$ 48$ (4,602)$ 30,498$ 30,498$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 122,670,205$ 30,313,570$ (22,122,564)$ 130,861,211$ 130,632,637$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-05- 8 -
ACTUAL BUDGET
Fiscal Year Reporting FY 2023-24 Fiscal Year
2022-23 Month To Date 2023-24
Beginning Cash Balance 259,470$ 414,923$ 338,025$ 338,025$ Receipts:
SLESF Funding 196,933 968 222,545 200,000 Interest 9,186 - 11,950 7,800 Total Receipts 206,119 968 234,495 207,800 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) (8,847) (49,000) Total Expenditures/Allocations (121,795) (983) (158,847) (199,000) Net Adjustment (Receivables & Payables)(5,769) - 1,235 - Ending Cash Balance 338,025$ 414,908$ 414,908$ 346,825$ ACTUAL
(As of June 17, 2024)
TREASURER'S REPORT FOR THE MONTH OF MAY 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 24-05- 9 -
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 24-05- 10 -
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 31,345,507,540.42$ 31,767,627,811.00$ NA Notes 61,147,508,679.17$ 60,503,198,652.50$ 408,680,291.50$ Federal Agency:
SBA 252,674,245.95$ 256,430,968.71$ 1,224,472.42$
MBS-REMICs 1,943,259.80$ 1,890,061.12$ 8,477.31$
Debentures 8,032,854,727.68$ 7,940,234,515.00$ 75,035,208.45$ Debentures FR -$ -$ -$
Debentures CL 1,850,000,000.00$ 1,833,569,750.00$ 11,078,374.50$ Discount Notes 24,628,901,680.57$ 24,899,296,200.00$ NA Supranational Debentures 2,919,839,134.05$ 2,876,348,080.00$ 28,492,736.90$ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 14,900,015,000.00$ 14,894,671,773.49$ 245,321,277.76$ Commercial Paper 11,106,150,972.23$ 11,228,693,958.35$ NA Corporate:
Bonds FR -$ -$ -$
Bonds 675,060,154.90$ 657,079,080.00$ 6,535,000.03$
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,105,000,000.00$ 5,105,000,000.00$ NA
PMIA & GF Loans 363,727,000.00$ 363,727,000.00$ NA
TOTAL 162,329,182,394.77$ 162,327,767,850.17$ 776,375,838.87$ Fair Value Including Accrued Interest 163,104,143,689.04$ 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
5/31/2024
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TYPE OF SECURITY AMOUNT ($)
*PERCENT OF
PORTFOLIO
*DIFFERENCE IN
PERCENT OF
PORTFOLIO FROM
PRIOR MONTH
Government
Bills
3 1
,
3 4
5 ,
5 0
8 1
9 .
3 1
-
1 .
3 2
Bonds
0 0
.
0 0
0 Notes
6 1
,
1 4
7 ,
5 0
9 3
7 .
6 7
-
0 .
1 3
Strips
0 0
.
0 0
0 Total Government
9 2
,
4 9
3 ,
0 1
7 5
6 .
9 8
-
1 .
4 5
Agency Debentures
1 3
,
0 5
5 ,
3 6
8 8
.
0 5
+
0 .
5 9
Certificates of Deposit
1 4
,
9 0
0 ,
0 1
5 9
.
1 8
+
0 .
3 4
Bank Notes
0 0
.
0 0
0 Repurchases
0 0
.
0 0
0 Agency Discount Notes
2 4
,
6 2
8 ,
9 0
1 1
5 .
1 7
+
0 .
0 4
Time Deposits
5 ,
1 0
5 ,
0 0
0 3
.
1 4
+
0 .
1 5
GNMAs
0 0
.
0 0
0 Commercial Paper
1 1
,
1 0
6 ,
1 5
1 6
.
8 4
+
0 .
3 0
Remics
1 ,
9 4
3 0
.
0 0
0 Corporate Bonds 675,060
0 .
4 2
+
0 .
0 1
PMIA Loans
3 6
3 ,
7 2
7 0
.
2 2
+
0 .
0 2
GF Loans
0 0
.
0 0
0 Other
0 0
.
0 0
0 Reversed Repurchases
0 0
.
0 0
0 Total (All Types)
1 6
2 ,
3 2
9 ,
1 8
2 1
0 0
.
0 0
*Percentages may be off due to rounding.
INVESTMENT ACTIVITY May 2024 April 2024
NUMBER AMOUNT ($)NUMBER AMOUNT ($)
Pooled Money 981 48,719,829 983 48,619,864
Time Deposits 77 2,688,000 68 1,881,000
Other 8 119,614 4 1,440,793
Total 1,066 51,527,443 1,055 51,941,657
PMIA Monthly Average Effective Yield (%)4.332 4.272
Year to Date Yield Last Day of Month (%)3.875 3.828
POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
May 31, 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 April 30, 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:
Invested Funds
Local Agency (in billions)
County of Los Angeles and Special Districts $28.466
Schools and Community Colleges 31.249
Discretionary Participants 3.514
Total $63.229
The Treasury Pool participation composition is as follows:
Non-discretionary Participants 94.44%
Discretionary Participants:
Independent Public Agencies 5.44%
County Bond Proceeds and Repayment Funds 0.12%
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 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 - 13 -
the Investment Report dated May 31, 2024, the April 30, 2024 book value of the Treasury Pool was approximately $63.229 billion, and the corresponding market value was approximately $60.672 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of April 30, 2024:
Type of Investment % of Pool
Certificates of Deposit 3.72
U.S. Government and Agency Obligations 66.19
Bank Acceptances 0.00
Commercial Paper 30.01
Municipal Obligations 0.06
Corporate Notes & Deposit Notes 0.02
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of April 30, 2024, approximately 35.13% of the investments mature within 60 days, with an average of 632 days to maturity for the entire portfolio.
TreasPool Update
04/30/2024
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Investment Balance 04/30/24 63,229,052,955$
Market Value at 04/30/24 60,671,668,919$
Average Daily Balance 61,607,547,869$
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 213,577,415$
Earnings for the Past 12 Months 2,163,774,186$
Earnings Rate for the Month 4.21%
POOLED SURPLUS EARNINGS REPORT
APRIL 30, 2024
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENT PORTFOLIO
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