https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/Staff Report for TR.docx
15-B
TO: Honorable Mayor and Members of the City Council
ATTENTION: Ryan Smoot, City Manager
FROM: Tae Rhee, Finance Director/City Treasurer
SUBJECT: Consideration and possible action to receive and file the Treasurer’s Report for the Month of February 2025.
DATE: March 24, 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 February 2025 ....................................................... 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 56,689,526$ 3,374,156$ (5,221,892)$ 54,841,790$ 011 General Fund Capital Projects 17,876,643 212,047 (8,165) 18,080,525 012 Public Projects 7,024,150 105,264 - 7,129,414 999 Cash Clearing Unallocated Interest 1,900,168 450,756 (1,687,821) 663,103 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 1,045,266 11,005 - 1,056,271 022 Public Facilities 16,515 108 - 16,623 026 Public Safety Facilities 6,459 70 - 6,529 028 Transportation Facilities 125,139 1,296 - 126,435 020 Public Arts 32,890 284 - 33,174 Other Funds
013 DOT Highway Relinquishment 3,509,586 40,356 - 3,549,942 015 Transportation Development Act (TDA) Article 3 - - - - 030 Grant Projects 2,485,747 13,131 (26,262) 2,472,616 037 Drug Rehabilitation Program 279,911 - - 279,911 040 Public Educational Government (PEG) 976,917 18,622 - 995,539 050 California COPS 466,914 26,206 (11,114) 482,006 070 Measure A Fund (481,369) - (21,848) (503,217) 090 Agency Fund/Refundable Deposits-Private Projects 2,032,754 7,173 (21,762) 2,018,165 100 Proposition A - Transportation 2,259,237 260,247 (74,370) 2,445,114 115 Measure M - Streets 2,840,826 7,093 - 2,847,919 125 Measure R - Streets 3,195,923 - (511,247) 2,684,676 135 Proposition C - Streets 2,516,668 169,870 (66,648) 2,619,890 140 State Gas Tax - Streets 6,380,976 168,044 (43,867) 6,505,153 145 Road Maintenance and Rehabilitation Account (RMRA)7,973,699 281,474 - 8,255,173 150 Air Quality Management District Fees 218,991 2,268 - 221,259 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 5,598,385 1,000,679 (15,197) 6,583,867 510 Economic Development 3,156,430 16,668 (39,461) 3,133,637 530 IT & Equipment Replacement 1,314,574 - (20,313) 1,294,261 540 GIS Update 282,030 2,441 - 284,471 542 General Planning and Zoning Update 1,077,993 7,323 - 1,085,316 600 Building and Safety 576,230 68,790 (192,824) 452,196 602 Accessibility Compliance Fund 124,882 1,228 - 126,110 700 Debt Service - Public Facilities Corporation - - - - 710 Debt Service - Financing Authority (28,408) 5,971 - (22,437) 720 Debt Service - 2021/2018 Transportation COPS 2,067 1,978 (1,970) 2,075 730 Debt Service - 2021 Pension Obligation Bonds 151,559 148 (153,672) (1,965) 900 Community Development Block Grant (CDBG)(234,687) - (95,257) (329,944) 910 HOME Investment Partnership (150,516) - (8,872) (159,388) 920 ARPA SLFRP Fund 1,869,244 - - 1,869,244 944 Parking District No. 1 (5,319) 697 (303) (4,925) Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 630,291 6,836 - 637,127 TOTAL CITY OF BELLFLOWER 134,054,569$ 6,262,229$ (8,222,865)$ 132,093,933$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust 94,616$ 319$ -$ 94,935$ 970 Redevelopment Obligation Retirement Fund 448,078 1,451 (393,253) 56,276 972 Successor Agency Administration Fund (3,528) - (2,359) (5,887) TOTAL SUCCESSOR AGENCY 539,166$ 1,770$ (395,612)$ 145,324$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 134,593,735$ 6,263,999$ (8,618,477)$ 132,239,257$
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of March 18, 2025)
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2025
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
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 20,622.80 December 18, 2024 Park Fac Fee/9509 Prichard 36,576.00 January 23, 2025 Park Fac Fee/9720 Flower St 18,920.00 January 27, 2025 Park Fac Fee/15302 Leahy 188,058.64$
Project Expenditures:
16,800.00$ Park Master Plan
15,510.29 Simms Park Improvements
3,802.50 Constitution Park Improvements
2,849.96 Thompson Park Improvements
38,962.75$
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 1,570.69 December 18, 2024 Public Fac Fee/9509 Prichard 2,370.00 January 23, 2025 Public Fac Fee/9720 Flower 1,441.00 January 27, 2025 Public Fac Fee/15302 Leahy 16,449.81$
Project Expenditures:
-$
-$
PUBLIC ARTS FEES
Revenues:
16,000.00$ July 17, 2024 Public Arts Fee/17640 Bellflower 16,000.00$
Project Expenditures:
276.25$ Bellflower Gateway Sign
276.25$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - February 28, 2025)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - February 28, 2025)
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 119.90 December 18, 2024 Public Safety Fac Fee/9509 Prichard 110.00 January 27, 2025 Public Safety Fac Fee/15302 Leahy 4,763.64$
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 4,700.08 December 18, 2024 Transportation Fac Fee/9509 Prichard 4,312.00 January 27, 2025 Transportation Fac Fee/15302 Leahy 88,416.96$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
PARK FACILITIES FEES
Revenues:
18,288.00$ July 3, 2023 Park Fac Fee/9876 Crestbrook 21,839.00 September 14, 2023 Park Fac Fee/10337 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10349 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10341 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10345 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10347 Mapledale 21,839.00 October 17, 2023 Park Fac Fee/10339 Mapledale 15,021.58 December 29, 2023 Park Fac Fee/9435 Cedar 18,288.00 January 3, 2024 Park Fac Fee/8746 Burton 18,730.80 January 11, 2024 Park Fac Fee/17932 Balfern 36,576.00 January 11, 2024 Park Fac Fee/10490 Greenhurst 7,176.45 January 17, 2024 Park Fac Fee/16620 Grand 20,327.00 January 18, 2024 Park Fac Fee/15714 Cornuta 11,111.55 January 18, 2024 Park Fac Fee/16624 Grand 2,000.00 February 7, 2024 Park Fac Fee/15550 Bellflower 16,288.00 February 7, 2024 Park Fac Fee/15550 Bellflower 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 706.05 May 8, 2024 Public Fac Fee/16849 Chicago 4,800.00 May 17, 2024 Public Fac Fee/17102 Clark
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 25-02 i
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2023 - June 30, 2024)
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 25-02
Beginning Disbursements/Ending Yield Type of Issuer of
Balance/Bond Prem.Balance/Par Market Interest (If Diff.)/Investment/Investment/Date of (Deficit)Deposits Amort./Discount (Deficit)Value Value Rate Steps Deposit Deposit Maturity CITY OF BELLFLOWER :
State of California
Local Agency Investment Fund (1)35,935,527$ -$ -$ 35,935,527 N/A 35,921,943$ 4.333%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)3,642,348 11,987 - 3,654,335 N/A 3,537,357 3.660%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)42,846,020 144,641 - 42,990,661 N/A 42,990,661 4.410%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
-Liquidity Fund (Deposit)52,302 177 - 52,479 N/A 52,479 4.410%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
2,068 7 - 2,075 N/A 2,075 4.210% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
153,679 148 (153,672) 155 N/A 155 4.210% Money Market Fund Dreyfus N/A Cash / Investments Held By Trustee -
Bank of New York Mellon Trust Company
-Dreyfus Treasury Securities Cash Management -
Institutional / Water Infrastructure Trust Fund
2,255,567 8,165 - 2,263,732 N/A 2,263,732 4.210% 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) - - - U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 2/26/2025
-Federal Home Loan Bank 3,000,000 - (3,000,000) - - - U.S. Agency Bonds Federal Home Loan Bank 5/24/2027 -Federal Home Loan Mortgage Corporation 4,000,000 - (4,000,000) - - U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/13/2027
-Federal Home Loan Bank 2,500,000 - - 2,500,000 2,500,000 2,498,025 4.750%U.S. Agency Bonds Federal Home Loan Bank 12/6/2027 -Federal Agricultural Mortgage Corporation 3,000,000 - - 3,000,000 3,000,000 3,004,860 4.640%U.S. Agency Bonds Federal Agricultural
Mortgage Corporation 12/23/2027
-Federal National Mortgage Association 3,000,000 - 3,000,000 3,000,000 2,999,130 5.000%U.S. Agency Bonds Federal National Mortgage
Association 7/24/2028
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,000,600 4.875%U.S. Agency Bonds Federal Home Loan Bank 12/27/2028
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2025
Dollar Amount Invested
(As of March 18, 2025)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
Beginning Disbursements/Ending Yield Type of Issuer of
Balance/Bond Prem.Balance/Par Market Interest (If Diff.)/Investment/Investment/Date of (Deficit)Deposits Amort./Discount (Deficit)Value Value Rate Steps Deposit Deposit Maturity
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2025
Dollar Amount Invested
(As of March 18, 2025)
-Federal Home Loan Mortgage Corporation 3,000,000 - (3,000,000) - - - U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 8/27/2029
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,014,490 4.500%U.S. Agency Bonds Federal Home Loan Bank 12/10/2029 -Federal Home Loan Mortgage Corporation 4,000,000 - - 4,000,000 4,000,000 4,000,840 5.000%U.S. Agency Bonds Federal Home Loan
Mortgage Corporation 12/13/2029
-Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 2,999,550 4.625%U.S. Agency Bonds Federal Home Loan Bank 12/18/2029 -Federal Home Loan Bank 3,000,000 - (3,000,000) - - - U.S. Agency Bonds Federal Home Loan Bank 1/14/2030 -Dreyfus Treasury Securities Cash Management -
Institutional 4,939,093 16,294,129 - 21,233,222 N/A 21,233,222 4.210%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,785,653 530 - 1,786,183 N/A 2,013,811 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 10,208 1,472 (896) 10,784 N/A 10,784 0.050%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 129,122,465 16,461,256 (16,154,568) 129,429,153 129,543,714 BANK DEPOSITS (2):
-General Operating Account (3)4,934,024 5,266,835 (7,565,431) 2,635,428 N/A 2,635,428 N/A Checking Account BMO N/A -Payroll Account (3)(43,175) 1,244,869 (1,213,137) (11,443) N/A (11,443) N/A Checking Account BMO N/A -Revolving Account (3)- 201,801 (201,801) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)33,667 - (2,818) 30,849 N/A 30,849 N/A Checking Account BMO N/A -Pooled Cash Allocated to SA 3,528 2,358 - 5,886 N/A 5,886 N/A TOTAL BANK DEPOSITS 4,928,044 6,715,863 (8,983,187) 2,660,720 2,660,720 PETTY CASH 4,060 - - 4,060 N/A 4,060 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 134,054,569$ 23,177,119$ (25,137,755)$ 132,093,933$ 132,208,494$ https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
Beginning Disbursements/Ending Yield Type of Issuer of
Balance/Bond Prem.Balance/Par Market Interest (If Diff.)/Investment/Investment/Date of (Deficit)Deposits Amort./Discount (Deficit)Value Value Rate Steps Deposit Deposit Maturity
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2025
Dollar Amount Invested
(As of March 18, 2025)
SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)47,265$ -$ (1,550)$ 45,715$ N/A 45,715$ N/A Checking Account BMO N/A CalTrust / Local Agency Investment Pool (4)
-Liquidity Fund (SA BUSD TRUST)94,616 319 - 94,935 N/A 94,935 4.410%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
400,813 1,451 (391,704) 10,560 N/A 10,560 4.210% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 542,694 1,770 (393,254) 151,210 151,210 Pooled Cash Account (3,528) - (2,358) (5,886) N/A (5,886) N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 539,166$ 1,770$ (395,612)$ 145,324$ 145,324$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 134,593,735$ 23,178,889$ (25,533,367)$ 132,239,257$ 132,353,818$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-02
ACTUAL BUDGET
Fiscal Year Reporting FY 2024-25 Fiscal Year
2023-24 Month To Date 2024-25
Beginning Cash Balance 338,025$ 466,914$ 416,959$ 416,959$ Receipts:
SLESF Funding 222,545 11,114 211,501 200,000 Interest 16,687 - 10,040 7,800 Total Receipts 239,232 11,114 221,541 207,800 Expenditures/Allocations:
L.A. County Sheriff's Department/
City Public Safety
General Law Cars (150,000) - (150,000) (150,000) Equipment Leases / Purchases (11,795) (1,039) (6,231) (49,000) Total Expenditures/Allocations (161,795) (1,039) (156,231) (199,000) Net Adjustment (Receivables & Payables)1,497 5,017 (263) - Ending Cash Balance 416,959$ 482,006$ 482,006$ 425,759$ ACTUAL
(As of March 18, 2025)
TREASURER'S REPORT FOR THE MONTH OF FEBRUARY 2025
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 25-02 ⴱ〭ⴱ〭
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 25-02 ⴱㄭⴱㄭ
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 39,875,097,778.62 $ 40,262,411,768.50 $ NA
Notes 43,246,461,455.19 $ 43,349,665,677.00 $ 351,109,755.50 $ Federal Agency:
SBA 212,841,361.59 $ 214,362,681.26 $ 941,499.05 $
MBS-REMICs 1,187,711.83 $ 1,175,922.60 $ 5,181.29 $
Debentures 7,376,297,383.29 $ 7,364,904,300.00 $ 87,236,357.50 $ Debentures FR -$ -$ -$
Debentures CL 2,650,000,000.00 $ 2,653,351,000.00 $ 33,260,908.00 $ Discount Notes 29,506,976,618.08 $ 29,836,034,500.00 $ NA Supranational Debentures 3,143,641,256.75 $ 3,135,707,000.00 $ 29,120,627.00 $ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 14,450,000,000.00 $ 14,449,207,094.59 $ 184,331,090.32 $ Commercial Paper 10,144,454,527.73 $ 10,268,769,222.26 $ NA Corporate:
Bonds FR -$ -$ -$
Bonds 890,209,708.25 $ 884,909,515.00 $ 8,117,375.40 $
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,074,500,000.00 $ 5,074,500,000.00 $ NA
PMIA & GF Loans 225,114,000.00 $ 225,114,000.00 $ NA
TOTAL 156,796,781,801.33 $ 157,720,112,681.21 $ 694,122,794.06 $ Fair Value Including Accrued Interest 158,414,235,475.27 $ Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
State of California
Pooled Money Investment Account
Market Valuation
2/28/2025
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POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
February 28, 2025
TYPE OF SECURITY AMOUNT ($)
*PERCENT OF
PORTFOLIO
*DIFFERENCE IN
PERCENT OF
PORTFOLIO FROM
PRIOR MONTH
Government
Bills
Bonds
39,875,098
0 25.43
0.00 -0.92
0 Notes
Strips
Total Government
43,246,461
0 83,121,559
27.58 0.00
53.01 -1.71
0 -2.63
Agency Debentures
Certificates of Deposit
Bank Notes
13,382,780
14,450,000
0 8.54
9.22 0.00
+0.29
+0.38
0 Repurchases
Agency Discount Notes
Time Deposits
GNMAs
0 29,506,977
5,074,500
0 0.00
18.82 3.24
0.00 0
+1.50
+0.13
0 Commercial Paper
Remics
Corporate Bonds
PMIA Loans
GF Loans
10,144,454
1,188
890,210
225,114
0 6.46
0.00 0.57
0.14 0.00
+0.29
0 +0.02
+0.02
0 Other
Reversed Repurchases
Total (All Types)
*Percentages may be off due to rounding.
0 0
156,796,782
0.00 0.00
100.00
0 0
INVESTMENT ACTIVITY February 2025 January 2025
Pooled Money
Time Deposits
Other
Total
NUMBER
1,008
44 1
1,053
AMOUNT ($)
50,074,879
1,269,000
510,276
51,854,155
NUMBER
779
100
4 883
AMOUNT ($)
38,632,200
3,802,000
101,251
42,535,451
PMIA Monthly Average Effective Yield (%) 4.333 4.366
Year to Date Yield Last Day of Month (%) 4.477 4.496
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THE LOS ANGELES COUNTY POOLED SURPLUS INVESTMENTS
The Treasurer and Tax Collector (Treasurer) of Los Angeles County has the delegated authority to invest funds on deposit in the Los Angeles County Treasury (Treasury Pool). As of January 31, 2025, 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 $25.036
Schools and Community Colleges 29.668
Discretionary Participants 4.023
Total $58.727
The Treasury Pool participation composition is as follows:
Non-discretionary Participants 93.15%
Discretionary Participants:
Independent Public Agencies 6.73%
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 Los Angeles 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 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 ⴱ㐭ⴱ㐭
the Report of Investments dated February 28, 2025, the January 31, 2025, book value of the Treasury Pool was approximately $58.727 billion, and the corresponding market value was approximately $56.847 billion.
An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the Los Angeles County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of January 31, 2025:
Type of Investment % of Pool
Certificates of Deposit 3.41
U.S. Government and Agency Obligations 70.32
Bank Acceptances 0.00
Commercial Paper 26.23
Municipal Obligations 0.04
Corporate Notes & Deposit Notes 0.00
Repurchase Agreements 0.00
Asset Backed Instruments 0.00
Other 0.00
100.00
The Treasury Pool is highly liquid. As of January 31, 2025, approximately 38.17% of the investments mature within 60 days, with an average of 670 days to maturity for the entire portfolio.
TreasPool Update
01/31/2025
ⴱ㔭ⴱ㔭
Investment Balance 01/31/25 58,726,770,874$
Market Value at 01/31/25 56,846,890,764$
Average Daily Balance 59,194,987,585$
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 184,509,569$
Earnings for the Past 12 Months 2,270,528,515$
Earnings Rate for the Month 3.66%
POOLED SURPLUS INVESTMENTS (PSI) EARNINGS REPORT
JANUARY 31, 2025
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENTS PORTFOLIO
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