14-B — Bellflower City Council, September 23, 2024

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 August 2024.

DATE: September 23, 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 2023-24 and 2024-25.

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 August 2024 .......................................................... 2

†††††††††††††‭ㄭ
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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 51,902,773$ 3,100,231$ (4,067,669)$ 50,935,335$ 011 General Fund Capital Projects 16,406,387 1,395,634 (29,187) 17,772,834 012 Public Projects 6,648,076 168,744 - 6,816,820 999 Cash Clearing Unallocated Interest 1,870,956 511,200 (1,575,722) 806,434 RESTRICTED:

Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 970,547 7,000 (15,536) 962,011 022 Public Facilities 31,748 - (25,826) 5,922 026 Public Safety Facilities 5,750 8 - 5,758 028 Transportation Facilities 103,114 234 - 103,348 020 Public Arts (96,371) - (81) (96,452) Other Funds
013 DOT Highway Relinquishment 3,422,018 44,297 - 3,466,315 015 Transportation Development Act (TDA) Article 3 - - - - 030 Grant Projects 1,306,513 - (676,497) 630,016 037 Drug Rehabilitation Program 274,190 - - 274,190 040 Public Educational Government (PEG) 962,014 20,264 - 982,278 050 California COPS 412,942 4,736 (983) 416,695 070 Measure A Fund (325,257) - (80,389) (405,646) 090 Agency Fund/Refundable Deposits-Private Projects 2,013,639 13,377 (20,505) 2,006,511 100 Proposition A - Transportation 2,634,926 143,845 (91,261) 2,687,510 115 Measure M - Streets 2,823,046 115,852 - 2,938,898 125 Measure R - Streets 3,052,582 89,477 (52,890) 3,089,169 135 Proposition C - Streets 2,729,284 121,754 (227,526) 2,623,512 140 State Gas Tax - Streets 5,823,760 204,346 (64,779) 5,963,327 145 Road Maintenance and Rehabilitation Account (RMRA) 6,928,666 265,021 - 7,193,687 150 Air Quality Management District Fees 160,318 4,522 - 164,840 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 5,999,096 51,772 (19,897) 6,030,971 510 Economic Development 2,810,451 473,540 (20,249) 3,263,742 530 Equipment Replacement 1,815,908 - (56,929) 1,758,979 540 GIS Update 270,377 1,975 - 272,352 542 General Planning and Zoning Update 1,103,361 5,926 (54,577) 1,054,710 600 Building and Safety 374,743 54,248 (68,362) 360,629 602 Accessibility Compliance Fund 118,144 1,496 - 119,640 700 Debt Service - Public Facilities Corporation - - - - 710 Debt Service - Financing Authority (23,972) 7,741 - (16,231) 720 Debt Service - 2021/2018 Transportation COPS 2,024 9 - 2,033 730 Debt Service - 2021 Pension Obligation Bonds 781,893 - (780,006) 1,887 900 Community Development Block Grant (CDBG) (675,139) 103,312 (35,761) (607,588) 910 HOME Investment Partnership (148,342) - (22,846) (171,188) 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (24,875) 23,248 (2,818) (4,445) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 663,903 5,660 (540) 669,023 TOTAL CITY OF BELLFLOWER 125,314,715$ 6,939,469$ (7,990,836)$ 124,263,348$ SUCCESSOR AGENCY:

RESTRICTED:
956 Successor Agency BUSD Trust 92,303$ 422$ -$ 92,725$ 970 Redevelopment Obligation Retirement Fund 531,077 - (94,061) 437,016 972 Successor Agency Administration Fund 13,180 - (2,677) 10,503 TOTAL SUCCESSOR AGENCY 636,560$ 422$ (96,738)$ 540,244$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 125,951,275$ 6,939,891$ (8,087,574)$ 124,803,592$

CASH AND INVESTMENT BALANCES BY FUND

CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of September 12, 2024)
TREASURER'S REPORT FOR THE MONTH OF AUGUST 2024
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㈭

PARK FACILITIES FEES
Revenues:
18,288.00$ July 15, 2024 Park Fac Fee/15109 Ryon
20,605.60 July 22, 2024 Park Fac Fee/13610 Clark 7,000.00 August 28, 2024 Park Fac Fee/8740 Cedar 45,893.60$
Project Expenditures:
15,510.29$ Simms Park Improvements
15,510.29$

PUBLIC FACILITIES FEES
Revenues:
1,185.00$ July 15, 2024 Public Fac Fee/15109 Ryon 3,277.80 July 17, 2024 Public Fac Fee/17640 Bellflower 1,569.38 July 22, 2024 Public Fac Fee/13610 Clark 6,032.18$
Project Expenditures:
-$
-$

PUBLIC ARTS FEES
Revenues:
16,000.00$ July 17, 2024 Public Arts Fee/17640 Bellflower 16,000.00$
Project Expenditures:
-$
-$

PUBLIC SAFETY FACILITIES FEES
Revenues:
4,006.20$ July 17, 2024 Public Safety Fac Fee/17640 Bellflower 119.80 July 22, 2024 Public Safety Fac Fee/13610 Clark 4,126.00$
Project Expenditures:
-$
-$

TRANSPORTATION FACILITIES FEES
Revenues:
63,079.44$ July 17, 2024 Transportation Fac Fee/17640 Bellflower 4,696.16 July 22, 2024 Transportation Fac Fee/13610 Clark 67,775.60$
Project Expenditures:
-$
-$

DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - August 31, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㌭

PARK FACILITIES FEES
Revenues:
18,288.00$ July 3, 2023

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9 8
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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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21,839.00 October 17, 2023

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21,839.00 October 17, 2023

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1 0
3 4
7 M
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21,839.00 October 17, 2023

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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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9 4
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18,288.00 January 3, 2024

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8 7
4 6

B
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o
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18,730.80 January 11, 2024

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1 7
9 3
2 B
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f
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36,576.00 January 11, 2024

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1 0
4 9
0 G
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7,176.45 January 17, 2024

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1 6
6 2
0 G
r
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d
20,327.00 January 18, 2024

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1 5
7 1
4 C
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11,111.55 January 18, 2024

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1 6
6 2
4 G
r
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2,000.00 February 7, 2024

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1 5
5 5
0 B
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16,288.00 February 7, 2024

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1 5
5 5
0 B
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20,622.80 March 8, 2024

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9 4
6 5

1 /
2 J
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18,810.12 March 21, 2024

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9 7
3 5

A
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24,682.00 April 9, 2024

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18,288.00 April 9, 2024

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1 4
0 3
9 P
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m
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10,896.52 May 8, 2024

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1 6
8 4
9 C
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30,448.85 May 20, 2024

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9 2
6 7

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9,144.00 May 28, 2024

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1 7
6 4
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18,288.00 June 10, 2024

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1 6
2 1
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446,021.67$
Project Expenditures:
164,211.71$ Park Master Plan
861,231.45 Butterfly Garden Improvements
350,385.68 Thompson Park Improvements
1,375,828.84$

PUBLIC FACILITIES FEES
Revenues:
1,185.00$ July 3, 2023

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22.95 July 26, 2023

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1,416.00 September 14, 2023

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488.42 September 25, 2023

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9 0
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830.77 September 28, 2023

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1 5
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1,416.00 October 17, 2023

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1 0
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1,416.00 October 17, 2023

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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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1,416.00 October 17, 2023

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a
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1,416.00 October 17, 2023

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973.34 December 29, 2023

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1,185.00 January 3, 2024

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8 7
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1,426.59 January 11, 2024

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2,370.00 January 11, 2024

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465.00 January 17, 2024

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1,416.00 January 18, 2024

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720.00 January 18, 2024

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1,185.00 February 7, 2024

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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
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1,879.85 April 9, 2024

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1,185.00 April 9, 2024

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706.05 May 8, 2024

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DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - June 30, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㐭 _:

DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - June 30, 2024)
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 1,185.00 June 10, 2024 Public Fac Fee/16217 Chicago 902.25 June 24, 2024 Public Fac Fee/10146 Artesia 38,694.55$
Project Expenditures:
42,843.41$ Maintenance Yard
42,843.41$

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 15,000.00 June 26, 2024 Public Arts Fee/10146 Artesia 41,000.00$
Project Expenditures:
447,174.80$ Bellflower Gateway Sign
1,185.64 Veterans Memorial
448,360.44$

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 1,102.75 June 24, 2024 Public Safety Fac Fee/10146 Artesia 1,621.92$
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 17,363.30 June 24, 2024 Transportation Fac Fee/10146 Artesia 35,269.08$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㔭

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)7,027,535$ -$ -$ 7,027,535$ N/A 7,001,646$ 4.579%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)3,569,883 13,662 - 3,583,545 N/A 3,449,194 4.110%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 (CITY)38,878,907 170,965 (2,051,159) 36,998,713 N/A 36,998,713 5.360%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
-Liquidity Fund (TGIS Deposit)- 51,257 - 51,257 N/A 51,257 5.360%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
2,025 9 - 2,034 N/A 2,034 5.130% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
781,892 1,884 (781,890) 1,886 N/A 1,886 5.130% 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
2,201,351 9,663 - 2,211,014 N/A 2,211,014 5.130% Money Market Fund Dreyfus N/A

CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY

CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF AUGUST 2024
Dollar Amount Invested
(As of September 12, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㘭

CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY

CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF AUGUST 2024
Dollar Amount Invested
(As of September 12, 2024)
Cash / Investments Held By Custodian -
Bank of New York Mellon Trust Company
-Federal Home Loan Mortgage Corporation 3,000,000 - (3,000,000) - - - 4.100%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/12/2024
-Federal Home Loan Bank 3,000,000 - (3,000,000) - - - 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) - - - 3.820%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 2,998,890 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 2,997,960 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 2,995,050 4.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 10/18/2024
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,991,900 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 1,999,860 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 2,988,240 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 2,989,650 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 4,996,000 5.400%U.S. Agency Bonds Federal Home Loan Bank 12/22/2025 -Federal Home Loan Bank 4,000,000 - - 4,000,000 4,000,000 3,995,520 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 4,245,920 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 4,001,600 5.375%U.S. Agency Bonds Federal Home Loan Bank 4/23/2026 -Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,000,000 5.600%U.S. Agency Bonds Federal Home Loan Bank 6/3/2026 -Federal Home Loan Bank - 3,000,000 - 3,000,000 3,000,000 2,999,940 5.150%U.S. Agency Bonds Federal Home Loan Bank 8/14/2026 -Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,004,200 5.500%U.S. Agency Bonds Federal Home Loan Bank 5/24/2027 -Federal Home Loan Mortgage Corporation - 4,000,000 - 4,000,000 4,000,000 3,997,480 5.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/13/2027
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,999,730 5.250%Step-Up U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 5/23/2029
-Federal Home Loan Mortgage Corporation - 3,000,000 - 3,000,000 3,000,000 2,998,740 5.150%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/27/2029
-Dreyfus Treasury Securities Cash Management -
Institutional 13,560,596 326,573 (1,007,778) 12,879,391 N/A 12,879,391 5.130%Money Market Fund Dreyfus N/A

Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,745,968 723 - 1,746,691 N/A 1,975,933 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 11,005 1,476 (1,061) 11,420 N/A 11,420 0.450%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 123,029,162 10,576,212 (12,841,888) 120,763,486 120,783,168 https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-08.xlsx†††††††††††††‭㜭

CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY

CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF AUGUST 2024
Dollar Amount Invested
(As of September 12, 2024)
BANK DEPOSITS (2):
-General Operating Account (3)2,277,055 6,138,463 (4,915,564) 3,499,954 N/A 3,499,954 N/A Checking Account BMO N/A -Payroll Account (3)(3,260) 1,917,437 (1,924,175) (9,998) N/A (9,998) N/A Checking Account BMO N/A -Revolving Account (3)- 208,446 (208,446) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)20,878 - (4,528) 16,350 N/A 16,350 N/A Checking Account BMO N/A - Pooled Cash Allocated to SA (13,180) 2,676 - (10,504) N/A (10,504) N/A TOTAL BANK DEPOSITS 2,281,493 8,267,022 (7,052,713) 3,495,802 3,495,802 PETTY CASH 4,060 - - 4,060 N/A 4,060 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 125,314,715$ 18,843,234$ (19,894,601)$ 124,263,348$ 124,283,030$ SUCCESSOR AGENCY:

BMO Business Checking Account (2) (3)45,670$ -$ (1,550)$ 44,120$ N/A 44,120$ N/A Checking Account

BMO N/A
CalTrust / Local Agency Investment Pool (4)
-Liquidity Fund (SA BUSD TRUST)92,303 422 - 92,725 N/A 92,725 0.000%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
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
485,407 1,192 (93,704) 392,895 N/A 392,895 5.130% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 623,380 1,614 (95,254) 529,740 529,740 Pooled Cash Account 13,180 - (2,676) 10,504 N/A 10,504 N/A

SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 636,560$ 1,614$ (97,930)$ 540,244$ 540,244$

CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 125,951,275$ 18,844,848$ (19,992,531)$ 124,803,592$ 124,823,274$ 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 24-25/TR 24-08.xlsx†††††††††††††‭㠭

ACTUAL BUDGET
Fiscal Year Reporting FY 2024-25 Fiscal Year
2023-24 Month To Date 2024-25
Beginning Cash Balance 338,025$ 416,695$ 414,908$ 414,908$ Receipts:

SLESF Funding 222,545 - - 200,000 Interest 11,951 - - 7,800 Total Receipts 234,496 - - 207,800 Expenditures/Allocations:

L.A. County Sheriff's Department/
City Public Safety
General Law Cars (150,000) - - (150,000) Equipment Leases / Purchases (11,795) - - (49,000) Total Expenditures/Allocations (161,795) - - (199,000) Net Adjustment (Receivables & Payables)4,182 - 1,787 - Ending Cash Balance 414,908$ 416,695$ 416,695$ 423,708$ ACTUAL
(As of September 12, 2024)
TREASURER'S REPORT FOR THE MONTH OF AUGUST 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 24-25/TR 24-08.xlsx†††††††††††††‭㤭

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

Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:

Bills 38,762,111,485.82$ 39,291,586,739.00$ NA Notes 55,200,844,865.61$ 55,236,928,686.50$ 364,480,741.50$ Federal Agency:

SBA 240,366,494.48$ 245,583,041.80$ 1,164,809.28$
MBS-REMICs 1,368,214.04$ 1,350,447.78$ 5,968.72$
Debentures 7,848,894,725.68$ 7,837,807,600.00$ 84,163,902.00$ Debentures FR -$ -$ -$
Debentures CL 2,050,000,000.00$ 2,054,902,550.00$ 25,868,040.00$ Discount Notes 25,189,108,930.46$ 25,528,006,150.00$ NA Supranational Debentures 2,599,568,038.71$ 2,601,212,350.00$ 28,168,764.00$ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 13,350,000,000.00$ 13,358,112,156.40$ 225,375,180.58$ Commercial Paper 9,467,742,041.75$ 9,590,637,541.71$ NA Corporate:

Bonds FR -$ -$ -$
Bonds 842,474,470.22$ 836,522,823.00$ 8,086,743.53$
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,259,000,000.00$ 5,259,000,000.00$ NA
PMIA & GF Loans 418,402,000.00$ 418,402,000.00$ NA
TOTAL 161,229,881,266.77$ 162,260,052,086.19$ 737,314,149.61$ Fair Value Including Accrued Interest 162,997,366,235.80$ 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
8/31/2024
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TYPE OF SECURITY AMOUNT ($)
*PERCENT OF

PORTFOLIO
*DIFFERENCE IN

PERCENT OF

PORTFOLIO FROM

PRIOR MONTH
Government
Bills 38,762,112 23.72 -0.84
Bonds 0 0.00 0
Notes 57,409,899 35.13 +0.52
Strips 0 0.00 0
Total Government 96,172,011 58.85 -0.32
Agency Debentures 12,738,829 7.79 +0.18
Certificates of Deposit 13,350,000 8.17 -0.14
Bank Notes 0 0.00 0
Repurchases 0 0.00 0
Agency Discount Notes
2 5
,
1 8
9 ,
1 0
9 1
5 .
4 1

+
0 .
3 4
Time Deposits 5,259,000 3.22 +0.13
GNMAs 0 0.00 0
Commercial Paper 9,467,742 5.79 -0.28
Remics 1,368 0.00 0
Corporate Bonds 842,474

0 .
5 1

+
0 .
0 7
PMIA Loans 418,402 0.26 +0.02
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 163,438,935 100.00
*Percentages may be off due to rounding.

INVESTMENT ACTIVITY August 2024 July 2024
NUMBER AMOUNT ($)NUMBER AMOUNT ($)
Pooled Money 917 45,516,611 924 45,863,716
Time Deposits 45 1,001,000 83 3,105,000
Other 4 101,539 1 1,434,115
Total 966 46,619,150 1,008 50,402,831
PMIA Monthly Average Effective Yield (%) 4.579 4.516
Year to Date Yield Last Day of Month (%) 4.547 4.516

POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
August 31, 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 July 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 $20.845 Schools and Community Colleges 29.835
Discretionary Participants 3.784
Total $54.464
Non-discretionary Participants 93.04%
Discretionary Participants:

Independent Public Agencies 6.83%
County Bond Proceeds and Repayment Funds 0.13%
Total 100.00%

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the Investment Report dated August 30, 2024, the July 31, 2024 book value of the Treasury Pool was approximately $54.464 billion, and the corresponding market value was approximately $52.422 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 July 31, 2024:

Type of Investment % of Pool
Certificates of Deposit 4.04
U.S. Government and Agency Obligations 70.88
Bank Acceptances 0.00
Commercial Paper 25.00
Municipal Obligations 0.08
Corporate Notes & Deposit Notes 0.00
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of July 31, 2024, approximately 37.47% of the investments mature within 60 days, with an average of 713 days to maturity for the entire portfolio.

TreasPool Update
07/31/2024
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Investment Balance 07/31/24 54,463,771,543$
Market Value at 07/31/24 52,421,869,656$
Average Daily Balance 56,232,263,782$
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 196,983,568$
Earnings for the Past 12 Months 2,262,060,831$
Earnings Rate for the Month 4.11%

POOLED SURPLUS EARNINGS REPORT
JULY 31, 2024

SCHEDULE B

TREASURER POOLED SURPLUS

INVESTMENT PORTFOLIO
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Bellflower City CouncilSeptember 23, 2024

Bellflower City Council
September 23, 2024