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 November 2024.
DATE: January 13, 2025
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 November 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 51,209,084$ 3,661,527$ (3,498,450)$ 51,372,161$ 011 General Fund Capital Projects 17,913,086 8,968 (4,506) 17,917,548 012 Public Projects 6,951,979 25,190 (3,399) 6,973,770 999 Cash Clearing Unallocated Interest 534,765 538,155 - 1,072,920 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 943,356 45,441 (19,622) 969,175 022 Public Facilities 7,667 3,466 - 11,133 026 Public Safety Facilities 5,942 287 - 6,229 028 Transportation Facilities 109,194 6,933 - 116,127 020 Public Arts 16,167 17,000 - 33,167 Other Funds
013 DOT Highway Relinquishment 3,509,586 - - 3,509,586 015 Transportation Development Act (TDA) Article 3 - - - - 030 Grant Projects 1,103,929 1,079,846 - 2,183,775 037 Drug Rehabilitation Program 273,190 - - 273,190 040 Public Educational Government (PEG) 960,823 17,381 (2,958) 975,246 050 California COPS 461,052 33,649 (44,853) 449,848 070 Measure A Fund (205,007) - (22,176) (227,183) 090 Agency Fund/Refundable Deposits-Private Projects 1,957,279 57,446 (128,294) 1,886,431 100 Proposition A - Transportation 2,087,909 160,812 (41,689) 2,207,032 115 Measure M - Streets 2,639,601 114,172 (130,594) 2,623,179 125 Measure R - Streets 3,114,834 100,007 (62,725) 3,152,116 135 Proposition C - Streets 2,433,635 135,755 (123,415) 2,445,975 140 State Gas Tax - Streets 6,179,787 182,057 (125,529) 6,236,315 145 Road Maintenance and Rehabilitation Account (RMRA)7,426,733 203,962 - 7,630,695 150 Air Quality Management District Fees 192,813 - - 192,813 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 5,873,572 - (12,562) 5,861,010 510 Economic Development 3,232,441 301 (39,915) 3,192,827 530 IT & Equipment Replacement 1,460,364 - (77,529) 1,382,835 540 GIS Update 276,485 1,942 - 278,427 542 General Planning and Zoning Update 1,055,730 5,829 - 1,061,559 600 Building and Safety 513,668 52,755 (8,318) 558,105 602 Accessibility Compliance Fund 121,496 1,258 - 122,754 700 Debt Service - Public Facilities Corporation - - - - 710 Debt Service - Financing Authority (7,928) 5,971 - (1,957) 720 Debt Service - 2021/2018 Transportation COPS 1,945 107 - 2,052 730 Debt Service - 2021 Pension Obligation Bonds 1,903 7 - 1,910 900 Community Development Block Grant (CDBG)(718,034) 649,067 (112,352) (181,319) 910 HOME Investment Partnership (87,550) - (14,135) (101,685) 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (15,553) 2,057 (6,408) (19,904) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 675,816 96 (40,886) 635,026 TOTAL CITY OF BELLFLOWER 124,397,281$ 7,111,444$ (4,520,315)$ 126,988,410$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust 93,519$ 372$ -$ 93,891$ 970 Redevelopment Obligation Retirement Fund 440,359 1,594 (15,505) 426,448 972 Successor Agency Administration Fund 5,379 - (1,111) 4,268 TOTAL SUCCESSOR AGENCY 539,257$ 1,966$ (16,616)$ 524,607$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 124,936,538$ 7,113,410$ (4,536,931)$ 127,513,017$
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of December 16, 2024)
TREASURER'S REPORT FOR THE MONTH OF NOVEMBER 2024
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
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 20,605.60 October 23, 2024 Park Fac Fee/14037 Charlemagne 45,440.64 November 7, 2024 Park Fac Fee/16415 Cornuta 111,939.84$
Project Expenditures:
16,800.00$ Park Master Plan
15,510.29 Simms Park Improvements
3,802.50 Constitution Park Improvements
2,822.40 Thompson Park Improvements
38,935.19$
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 1,569.38 October 23, 2024 Public Fac Fee/14037 Charlemagne 3,466.56 November 7, 2024 Public Fac Fee/16415 Cornuta 11,068.12$
Project Expenditures:
-$
-$
PUBLIC ARTS FEES
Revenues:
16,000.00$ July 17, 2024 Public Arts Fee/17640 Bellflower 16,000.00$
Project Expenditures:
-$
-$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - November 30, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - November 30, 2024)
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
0.90 October 3, 2024 Public Safety Fac Fee/9119 Artesia 119.80 October 23, 2024 Public Safety Fac Fee/14037 Charlemagne 287.04 November 7, 2024 Public Safety Fac Fee/16415 Cornuta 4,533.74$
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 4,696.16 October 23, 2024 Transportation Fac Fee/14037 Charlemagne 6,933.12 November 7, 2024 Transportation Fac Fee/16415 Cornuta 79,404.88$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
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 18,288.00 June 10, 2024 Park Fac Fee/16217 Chicago 446,021.67$
Project Expenditures:
164,211.71$ Park Master Plan
861,231.45 Butterfly Garden Improvements
31,557.00 Simms Park Improvements
350,385.68 Thompson Park Improvements
1,407,385.84$
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
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 24-11 ::
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - June 30, 2024)
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 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 Office Refurbishment
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:
445,957.22$ Bellflower Gateway Sign
1,185.64 Veterans Memorial
447,142.86$
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 24-11
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)19,622,225$ 16,000,000$ -$ 35,622,225$ N/A 35,695,646$ 4.477%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)3,608,237 14,319 - 3,622,556 N/A 3,494,387 3.780%See attached Los Angeles County Pooled Surplus Investments.
Detail report available at:
https://ttc.lacounty.gov/monthly-reports/
CalTrust / Local Agency Investment Pool (4)
-Liquidity Fund (City)42,349,383 168,235 - 42,517,618 N/A 42,517,618 4.680%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
-Liquidity Fund (Deposit)51,696 205 - 51,901 N/A 51,901 4.680%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
1,945 107 - 2,052 N/A 2,052 4.490% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
1,902 8 - 1,910 N/A 1,910 4.490% 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
2,229,827 8,968 - 2,238,795 N/A 2,238,795 4.490% 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) - - - 0.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 11/25/2024
-Federal Home Loan Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 2,995,680 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) - - - 0.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/25/2025
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF NOVEMBER 2024
Dollar Amount Invested
(As of December 16, 2024)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
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 NOVEMBER 2024
Dollar Amount Invested
(As of December 16, 2024)
-Federal Home Loan Bank 4,000,000 - - 4,000,000 4,000,000 3,999,560 5.375%U.S. Agency Bonds Federal Home Loan Bank 4/23/2026 -Federal Home Loan Bank 3,000,000 - (3,000,000) - - - 0.000%U.S. Agency Bonds Federal Home Loan Bank 8/14/2026 -Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,001,080 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 3,998,800 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) - - - 0.000%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 2,999,310 5.150%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/27/2029
-Dreyfus Treasury Securities Cash Management -
Institutional 20,916,285 12,355,600 (14,000,000) 19,271,885 N/A 19,271,885 4.490%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,754,678 177,804 (162,941) 1,769,541 N/A 2,025,652 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 10,276 179,095 (178,169) 11,202 N/A 11,202 0.450%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 119,546,454 28,904,341 (26,341,110) 122,109,685 122,305,478 BANK DEPOSITS (2):
-General Operating Account (3)4,847,672 20,490,326 (20,458,598) 4,879,400 N/A 4,879,400 N/A Checking Account BMO N/A -Payroll Account (3)(7,819) 1,590,578 (1,594,236) (11,477) N/A (11,477) N/A Checking Account BMO N/A -Revolving Account (3)- 158,574 (158,574) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)12,293 - (1,283) 11,010 N/A 11,010 N/A Checking Account BMO N/A -Pooled Cash Allocated to SA (5,379) 1,111 - (4,268) N/A (4,268) N/A TOTAL BANK DEPOSITS 4,846,767 22,240,589 (22,212,691) 4,874,665 4,874,665 PETTY CASH 4,060 - - 4,060 N/A 4,060 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 124,397,281$ 51,144,930$ (48,553,801)$ 126,988,410$ 127,184,203$ https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
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 NOVEMBER 2024
Dollar Amount Invested
(As of December 16, 2024)
SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)44,120$ -$ (15,505)$ 28,615$ N/A 28,615$ N/A Checking Account BMO N/A CalTrust / Local Agency Investment Pool (4)
-Liquidity Fund (SA BUSD TRUST)93,519 372 - 93,891 N/A 93,891 4.680%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
396,239 1,594 - 397,833 N/A 397,833 4.490% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 533,878 1,966 (15,505) 520,339 520,339 Pooled Cash Account 5,379 - (1,111) 4,268 N/A 4,268 N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 539,257$ 1,966$ (16,616)$ 524,607$ 524,607$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 124,936,538$ 51,146,896$ (48,570,417)$ 127,513,017$ 127,708,810$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 24-11
ACTUAL BUDGET
Fiscal Year Reporting FY 2024-25 Fiscal Year
2023-24 Month To Date 2024-25
Beginning Cash Balance 338,025$ 461,052$ 416,959$ 416,959$ Receipts:
SLESF Funding 222,545 33,649 162,689 200,000 Interest 16,687 - 5,024 7,800 Total Receipts 239,232 33,649 167,713 207,800 Expenditures/Allocations:
L.A. County Sheriff's Department/
City Public Safety
General Law Cars (150,000) (18,555) (150,000) (150,000) Equipment Leases / Purchases (11,795) (1,038) (4,153) (49,000) Total Expenditures/Allocations (161,795) (19,593) (154,153) (199,000) Net Adjustment (Receivables & Payables)1,497 (25,260) 19,329 - Ending Cash Balance 416,959$ 449,848$ 449,848$ 425,759$ ACTUAL
(As of December 16, 2024)
TREASURER'S REPORT FOR THE MONTH OF NOVEMBER 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 24-11 ⴱ〭
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 24-25/TR 24-10 ⴱㄭ
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 33,479,187,061.12 $ 33,879,016,263.00 $ NA
Notes 47,532,340,656.74 $ 47,522,175,967.00 $ 417,376,746.00 $ Federal Agency:
SBA 225,713,880.56 $ 228,069,095.41 $ 1,092,715.12 $
MBS-REMICs 1,264,478.32 $ 1,262,944.51 $ 5,516.18 $
Debentures 7,726,084,722.29 $ 7,704,310,675.00 $ 77,770,496.50 $ Debentures FR -$ -$ -$
Debentures CL 2,400,000,000.00 $ 2,403,781,150.00 $ 15,631,790.50 $ Discount Notes 22,183,108,645.74 $ 22,439,919,700.00 $ NA Supranational Debentures 2,995,143,614.33 $ 2,977,081,050.00 $ 33,601,066.50 $ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 13,150,000,000.00 $ 13,153,174,578.47 $ 200,949,590.28 $ Commercial Paper 9,738,446,277.76 $ 9,848,648,722.23 $ NA Corporate:
Bonds FR -$ -$ -$
Bonds 898,251,479.90 $ 889,127,381.00 $ 8,562,311.16 $
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,148,500,000.00 $ 5,148,500,000.00 $ NA
PMIA & GF Loans 194,249,000.00 $ 194,249,000.00 $ NA
TOTAL 145,672,289,816.76 $ 146,389,316,526.62 $ 754,990,232.24 $ Fair Value Including Accrued Interest 147,144,306,758.86 $ 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
11/30/2024
-12-
*DIFFERENCE IN
PERCENT OF
*PERCENT OF PORTFOLIO FROM
TYPE OF SECURITY AMOUNT ($) PORTFOLIO PRIOR MONTH
Government
Bills 33,479,187 22.80 +1.71
Bonds 0 0.00 0
Notes 48,684,544 33.16 +0.33
Strips 0 0.00 0
Total Government 82,163,731 55.96 +2.04
Agency Debentures 13,346,942 9.09 +0.50
Certificates of Deposit 13,150,000 8.96 -0.44
Bank Notes 0 0.00 0
Repurchases 0 0.00 0
Agency Discount Notes 22,183,109 15.11 -1.83
Time Deposits 5,148,500 3.51 +0.13
GNMAs 0 0.00 0
Commercial Paper 9,738,446 6.63 -0.43
Remics 1,264 0.00 0
Corporate Bonds 898,252 0.61 +0.02
PMIA Loans 194,249 0.13 +0.01
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 146,824,493 100.00
*Percentages may be off due to rounding.
INVESTMENT ACTIVITY November 2024 October 2024
NUMBER AMOUNT ($) NUMBER AMOUNT ($)
Pooled Money 686 34,137,718 1,087 53,930,536
Time Deposits 44 1,580,000 69 2,176,500
Other
Total
16 1,606,936
746 37,324,654
8 1,059,762
1,164 57,166,798
PMIA Monthly Average Effective Yield (%) 4.477 4.518
Year to Date Yield Last Day of Month (%) 4.534 4.547
POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
November 30, 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 October 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 $21.358 Schools and Community Colleges 28.984
Discretionary Participants 4.059
Total $54.401
Non-discretionary Participants 92.54%
Discretionary Participants:
Independent Public Agencies 7.33%
County Bond Proceeds and Repayment Funds 0.13%
Total 100.00%
ⴱ㐭
the Investment Report dated December 2, 2024, the October 31, 2024, book value of the Treasury Pool was approximately $54.401 billion, and the corresponding market value was approximately $52.476 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of October 31, 2024:
Type of Investment % of Pool
Certificates of Deposit 3.68
U.S. Government and Agency Obligations 69.57
Bank Acceptances 0.00
Commercial Paper 26.71
Municipal Obligations 0.04
Corporate Notes & Deposit Notes 0.00
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of October 31, 2024, approximately 31.77% of the investments mature within 60 days, with an average of 684 days to maturity for the entire portfolio.
TreasPool Update
10/31/2024
ⴱ㔭
54,400,980,537$
52,476,227,283$
52,933,862,589$
Investment Balance 10/31/24
Market Value at 10/31/24
Average Daily Balance
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 170,866,081$
Earnings for the Past 12 Months 2,311,430,655$
Earnings Rate for the Month 3.78%
POOLED SURPLUS EARNINGS REPORT
OCTOBER 31, 2024
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENT PORTFOLIO
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