https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/Staff Report for TR.docx
14-B
TO: Honorable Mayor and Members of the City Council
ATTENTION: Ryan Smoot, City Manager
FROM: Tae Rhee, Finance Director/City Treasurer
SUBJECT: Consideration and possible action to receive and file the Treasurer’s Report for the Month of April 2025.
DATE: May 27, 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 April 2025 .............................................................. 2
(:4 OF BELLFLOWQ
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« 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 53,170,324$ (A)5,077,434$ (3,320,465)$ 54,927,293$ 011 General Fund Capital Projects 18,083,418 3,361 (5,171) 18,081,608 012 Public Projects 7,154,604 25,191 - 7,179,795 999 Cash Clearing Unallocated Interest 865,437 639,032 - 1,504,469 RESTRICTED:
Development Impact/Other Fees (revenue/expenditure details attached) 024 Park Facilities 1,009,272 117,987 - 1,127,259 022 Public Facilities 22,419 6,698 - 29,117 026 Public Safety Facilities 8,502 2,458 - 10,960 028 Transportation Facilities 165,477 39,042 (18,999) 185,520 020 Public Arts 21,649 - - 21,649 Other Funds/Funding
013 DOT Highway Relinquishment 3,549,942 - - 3,549,942 015 Transportation Development Act (TDA) Article 3 - - (90,000) (90,000) 030 Grant Projects 2,481,127 - - 2,481,127 037 Drug Rehabilitation Program 279,911 - - 279,911 040 Public Educational Government (PEG) 995,539 58 - 995,597 050 California COPS 493,902 8,716 (1,038) 501,580 070 Measure A Fund (358,668) - (6,440) (365,108) 090 Agency Fund/Refundable Deposits-Private Projects 2,093,270 56,280 (47,295) 2,102,255 100 Proposition A - Transportation 2,368,718 137,131 (47,117) 2,458,732 115 Measure M - Streets 3,083,192 96,336 (159,937) 3,019,591 125 Measure R - Streets 2,428,446 85,309 (268,560) 2,245,195 135 Proposition C - Streets 2,716,788 116,144 (159,128) 2,673,804 140 State Gas Tax - Streets 6,556,126 168,858 (208,376) 6,516,608 145 Road Maintenance and Rehabilitation Account (RMRA)8,409,045 166,911 - 8,575,956 150 Air Quality Management District Fees 245,638 - (61,998) 183,640 230 Sewer Reconstruction 316,278 - - 316,278 320 Measure W 6,564,368 - (6,364) 6,558,004 400 Section 115 OPEB Trust Fund - (B)10,297,282 - 10,297,282 010 Section 115 Pension Stabilization Trust Fund (General Fund)1,802,571 (A)1,489 (9,180) 1,794,880 510 Economic Development 3,102,673 18,793 (12,761) 3,108,705 530 IT & Equipment Replacement 1,118,185 - (37,376) 1,080,809 540 GIS Update 287,069 3,893 (2,176) 288,786 542 General Planning and Zoning Update 1,034,127 10,940 - 1,045,067 600 Building and Safety 437,996 111,525 (99,646) 449,875 602 Accessibility Compliance Fund 127,557 1,183 (185) 128,555 700 Debt Service - Public Facilities Corporation - 57,625 (57,625) - 710 Debt Service - Financing Authority (16,466) 5,970 - (10,496) 720 Debt Service - 2021 Transportation COPS 68,943 153 (68,943) 153 730 Debt Service - 2021 Pension Obligation Bonds (1,929) 1 - (1,928) 900 Community Development Block Grant (CDBG)(88,614) 88,769 (52,102) (51,947) 910 HOME Investment Partnership (46,734) - (5,572) (52,306) 944 Parking District No. 1 (6,306) 12,590 (497) 5,787 Successor Housing Agency:
974 Low and Moderate Income Housing Asset Fund 636,770 - (452) 636,318 TOTAL CITY OF BELLFLOWER 131,180,566$ 17,357,159$ (4,747,403)$ 143,790,322$ SUCCESSOR AGENCY:
RESTRICTED:
956 Successor Agency BUSD Trust 95,291$ 346$ -$ 95,637$ 970 Redevelopment Obligation Retirement Fund 39,600 38 - 39,638 972 Successor Agency Administration Fund 6,313 - (2,375) 3,938 TOTAL SUCCESSOR AGENCY 141,204$ 384$ (2,375)$ 139,213$ COMBINED TOTAL - CITY & SUCCESSOR AGENCY 131,321,770$ 17,357,543$ (4,749,778)$ 143,929,535$ (A)Breakout of Section 115 Pension Stabilization Trust Fund balance from the General Fund (010). (B)Section 115 OPEB Trust Fund created with funds received from the City's investment balance in CalPERS OPEB program (CERBT).
CASH AND INVESTMENT BALANCES BY FUND
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
(As of May 21, 2025)
TREASURER'S REPORT FOR THE MONTH OF APRIL 2025
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04
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 7,176.45 March 4, 2025 Park Fac Fee/16620 Grand Ave 37,926.00 March 17, 2025 Park Fac Fee/9700 Mayne St 20,640.00 March 20, 2025 Park Fac Fee/14703 Betty Jean 30,043.86 April 18, 2025 Park Fac Fee/10236 Walnut 87,943.60 April 30, 2025 Park Fac Fee/16659 Chicago Ave 371,788.55$
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
112,741.58 Caruthers Park Improvements
151,704.33$
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 1,335.15 March 5, 2025 Public Fac Fee/9333 Rosecrans Ave 2,888.55 March 17, 2025 Public Fac Fee/9700 Mayne St 1,572.00 March 20, 2025 Public Fac Fee/14703 Betty Jean 6,698.03 16659 Chicago Ave Public Fac Fee/16659 Chicago Ave 28,943.54$
Project Expenditures:
-$
-$
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - April 30, 2025)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04
DEVELOPMENT IMPACT/OTHER FEES
Revenue and Expenditure Detail Report
(July 1, 2024 - April 30, 2025)
PUBLIC ARTS FEES
Revenues:
16,000.00$ July 17, 2024 Public Arts Fee/17640 Bellflower 465.00$ March 4, 2025 Public Arts Fee/16620 Grand Ave 11,000.00$ March 5, 2025 Public Arts Fee/9333 Rosecrans Ave 27,465.00$
Project Expenditures:
276.25$ Bellflower Gateway Sign
24,200.00$ Veterans Memorial Modifications
24,476.25$
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 1,631.85 March 5, 2025 Public Safety Fee/9333 Rosecrans Ave 220.50 March 17, 2025 Public Safety Fee/9700 Mayne St 120.00 March 20, 2025 Public Safety Fac Fee/14703 Betty Jean 1,946.74 April 18, 2025 Public Safety Fac Fee/10236 Walnut 511.30 April 30, 2025 Public Safety Fac Fee/16659 Chicago Ave 9,194.03$
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 25,694.22 March 5, 2025 Transportation Fac Fee/9333 Rosecrans Ave 8,643.60 March 17, 2025 Transportation Fac Fee/9700 Mayne St 4,704.00 March 20, 2025 Transportation Fac Fee/14703 Betty Jean 20,042.96 April 30, 2025 Transportation Fac Fee/16659 Chicago Ave 147,501.74$
Project Expenditures:
-$
-$
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04
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 25-04 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 25-04
Beginning Disbursements/Ending Yield Type of Issuer of
Balance/Bond Prem.Balance/Par Market Interest (If Diff.)/Investment/Investment/Date of (Deficit)Deposits Amort./Discount (Deficit)Value Value Rate Steps Deposit Deposit Maturity CITY OF BELLFLOWER :
State of California
Local Agency Investment Fund (1)35,935,527$ 1,896,177$ -$ 37,831,704 N/A 37,863,830$ 4.281%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)3,664,167 10,746 (2,664,167) 1,010,746 N/A 981,177 3.530%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)43,151,773 156,519 - 43,308,292 N/A 43,308,292 4.410%Local Agency Investment Pool
Investment Trust of
California, dba CalTRUST
-Liquidity Fund (Deposit)52,675 192 - 52,867 N/A 52,867 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
68,943 153 (68,943) 153 N/A 153 4.160% Money Market Fund Dreyfus N/A -Dreyfus Treasury Securities Cash Management -
Institutional / 2021 Pension Obligation Bonds
191 1 - 192 N/A 192 4.150% 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
401,821 3,361 - 405,182 N/A 405,182 4.160% Money Market Fund Dreyfus N/A
Cash / Investments Held By Custodian -
Bank of New York Mellon Trust Company
-Federal Home Loan Bank 2,500,000 - - 2,500,000 2,500,000 2,498,175 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 3,008,370 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 2,998,380 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 2,998,800 4.875%U.S. Agency Bonds Federal Home Loan Bank 12/27/2028 -Federal Home Loan Bank 3,000,000 - - 3,000,000 3,000,000 3,028,830 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 3,995,600 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 3,001,980 4.625%U.S. Agency Bonds Federal Home Loan Bank 12/18/2029 -Dreyfus Treasury Securities Cash Management -
Institutional 21,265,588 75,590 - 21,341,178 N/A 21,341,178 4.160%Money Market Fund Dreyfus N/A
Charles Schwab Trust Bank
-Section 115 Pension Stabilization Trust
Investments / Mutual Funds 1,790,879 403,742 (415,251) 1,779,370 N/A 1,975,116 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash 11,691 407,626 (403,808) 15,509 N/A 15,509 0.050%Trust Cash Account Charles Schwab Trust
Bank N/A
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF APRIL 2025
Dollar Amount Invested
(As of May 21, 2025)
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04
Beginning Disbursements/Ending Yield Type of Issuer of
Balance/Bond Prem.Balance/Par Market Interest (If Diff.)/Investment/Investment/Date of (Deficit)Deposits Amort./Discount (Deficit)Value Value Rate Steps Deposit Deposit Maturity
CITY OF BELLFLOWER AND BELLFLOWER SUCCESSOR AGENCY
CASH AND INVESTMENTS BY TYPE
TREASURER'S REPORT FOR THE MONTH OF APRIL 2025
Dollar Amount Invested
(As of May 21, 2025)
-Section 115 OPEB Trust
Investments / Mutual Funds - 10,254,182 - 10,254,182 N/A 10,667,394 N/A Various Investments /
Mutual Funds
Various; Held by Charles
Schwab Trust N/A
Trust Cash - 10,297,282 (10,254,182) 43,100 N/A 43,100 0.050%Trust Cash Account Charles Schwab Trust
Bank N/A
TOTAL INVESTMENTS 127,843,255 23,505,571 (13,806,351) 137,542,475 138,184,125 BANK DEPOSITS (2):
-General Operating Account (3)3,322,591 9,027,775 (6,117,898) 6,232,468 N/A 6,232,468 N/A Checking Account BMO N/A -Payroll Account (3)(9,420) 1,218,473 (1,218,393) (9,340) N/A (9,340) N/A Checking Account BMO N/A -Revolving Account (3)- 240,143 (240,143) - N/A - N/A Checking Account BMO N/A -Sec. 125 Flex Spending Account (3)26,393 - (1,796) 24,597 N/A 24,597 N/A Checking Account BMO N/A -Pooled Cash Allocated to SA (6,313) 2,375 - (3,938) N/A (3,938) N/A TOTAL BANK DEPOSITS 3,333,251 10,488,766 (7,578,230) 6,243,787 6,243,787 PETTY CASH 4,060 - - 4,060 N/A 4,060 N/A CITY -
TOTAL DEPOSITS AND INVESTMENTS 131,180,566$ 33,994,337$ (21,384,581)$ 143,790,322$ 144,431,972$ SUCCESSOR AGENCY:
BMO Business Checking Account (2) (3)28,915$ -$ -$ 28,915$ N/A 28,915$ N/A Checking Account BMO N/A CalTrust / Local Agency Investment Pool (4)
-Liquidity Fund (SA BUSD TRUST)95,291 346 - 95,637 N/A 95,637 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
10,685 38 - 10,723 N/A 10,723 4.160% Money Market Fund Dreyfus N/A TOTAL INVESTMENTS 134,891 384 - 135,275 135,275 Pooled Cash Account 6,313 - (2,375) 3,938 N/A 3,938 N/A
SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 141,204$ 384$ (2,375)$ 139,213$ 139,213$
CITY & SUCCESSOR AGENCY -
TOTAL DEPOSITS AND INVESTMENTS 131,321,770$ 33,994,721$ (21,386,956)$ 143,929,535$ 144,571,185$ 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 $250,000 by the FDIC. Under the California Government Code, banks and savings are also required to secure the City's deposits by either (1) pledging government securities with market value of at least 110% of the deposits as collateral, or (2) pledging first trust deed mortgage notes having a value of at least 150% of the deposits. Bank deposits, CDs and money market account market values are the same as the carrying values. (3)Analysis account.
(4)CalTRUST is a joint powers authority formed by a number of public agencies in California to provide a method of pooling for investment purposes. (5)Los Angeles County Pooled Investment Fund is an investment pool managed by the L.A. County Treasurer. Market value and interest rate are estimates based on the preceding month's data.
A.The City's investment portfolio complies with the Statement of Investment Policy.
B.Based on the City's current cash and investment position and estimated cash flows, the City will meet its expenditure requirements for the next six months.
C.Interest rates and market values are provided on the monthly trustee, custody, investment, and investment pool statements and websites. https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04
ACTUAL BUDGET
Fiscal Year Reporting FY 2024-25 Fiscal Year
2023-24 Month To Date 2024-25
Beginning Cash Balance 338,025$ 493,902$ 416,959$ 416,959$ Receipts:
SLESF Funding 222,545 8,716 232,113 200,000 Interest 16,687 - 10,040 7,800 Total Receipts 239,232 8,716 242,153 207,800 Expenditures/Allocations:
L.A. County Sheriff's Department/
City Public Safety
General Law Cars (150,000) - (188,947) (150,000) Equipment Leases / Purchases (11,795) (1,038) (9,345) (49,000) Total Expenditures/Allocations (161,795) (1,038) (198,292) (199,000) Net Adjustment (Receivables & Payables)1,497 - 40,760 - Ending Cash Balance 416,959$ 501,580$ 501,580$ 425,759$ ACTUAL
(As of May 21, 2025)
TREASURER'S REPORT FOR THE MONTH OF APRIL 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 25-04
The City of Bellflower and Successor Agency invest funds in the State of California Local Agency Investment Fund and the Los Angeles County Pooled Investment Fund. The latest summary reports are attached, and the detail reports are available at:
State of California Local Agency Investment Fund:
Local Agency Investment Fund (LAIF)
http://www.treasurer.ca.gov/pmia-laif/laif/index.asp
Pooled Money Investment Account (PMIA)
http://www.treasurer.ca.gov/pmia-laif/pmia/index.asp
PMIA Market Valuation
https://www.treasurer.ca.gov/pmia-laif/reports/valuation.asp PMIA Selected Investment Data
https://www.treasurer.ca.gov/pmia-laif/performance/data.pdf Los Angeles County Pooled Investment Fund:
Los Angeles County Pooled Surplus Investments
https://ttc.lacounty.gov/monthly-reports/
CITY OF BELLFLOWER & BELLFLOWER SUCCESSOR AGENCY
TREASURER'S REPORT
https://bellflowergcc.sharepoint.com/sites/fin/Shared Documents/AA/Treasurer's Reports/TR 24-25/TR 25-04 ⴱ〭
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:
Bills 49,107,213,295.06 $ 49,497,602,057.00 $ NA
Notes 45,926,350,095.62 $ 46,166,567,614.50 $ 422,503,427.00 $ Federal Agency:
SBA 227,042,403.14 $ 230,383,425.23 $ 907,345.49 $
MBS-REMICs 1,113,080.88 $ 1,103,670.89 $ 4,855.72 $
Debentures 6,975,930,283.48 $ 6,982,667,150.00 $ 49,164,750.00 $ Debentures FR -$ -$ -$
Debentures CL 2,800,000,000.00 $ 2,815,766,800.00 $ 23,626,454.00 $ Discount Notes 28,785,585,652.62 $ 29,047,341,300.00 $ NA Supranational Debentures 3,581,343,624.15 $ 3,594,030,950.00 $ 24,923,316.30 $ Supranational Debentures FR -$ -$ -$
CDs and YCDs FR -$ -$ -$
Bank Notes
CDs and YCDs 16,400,000,000.00 $ 16,397,375,754.69 $ 150,089,680.59 $ Commercial Paper 12,428,478,388.92 $ 12,522,662,694.38 $ NA Corporate:
Bonds FR -$ -$ -$
Bonds 994,924,470.06 $ 992,875,622.00 $ 6,867,466.61 $
Repurchase Agreements -$ -$ -$
Reverse Repurchase -$ -$ -$
Time Deposits 5,289,500,000.00 $ 5,289,500,000.00 $ NA
PMIA & GF Loans 240,472,000.00 $ 240,472,000.00 $ NA
TOTAL 172,757,953,293.93 $ 173,778,349,038.69 $ 678,087,295.71 $ Fair Value Including Accrued Interest 174,456,436,334.40 $ Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).
State of California
Pooled Money Investment Account
Market Valuation
4/30/2025
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TYPE OF SECURITY AMOUNT ($)
*PERCENT OF
PORTFOLIO
*DIFFERENCE IN
PERCENT OF
PORTFOLIO FROM
PRIOR MONTH
Government
Bills 49,107,213 28.43 +2.82
Bonds 0 0.00 0
Notes 45,926,350 26.58 -0.79
Strips 0 0.00 0
Total Government 95,033,563 55.01 +2.03
Agency Debentures 13,584,316 7.86 -0.44
Certificates of Deposit 16,400,000 9.49 +0.24
Bank Notes 0 0.00 0
Repurchases 0 0.00 0
Agency Discount Notes 28,785,586 16.66 -1.99
Time Deposits 5,289,500 3.06 -0.25
GNMAs 0 0.00 0
Commercial Paper 12,428,478 7.20 +0.44
Remics 1,113 0.00 0
Corporate Bonds 994,925 0.58 -0.02
PMIA Loans 240,472 0.14 -0.01
GF Loans 0 0.00 0
Other 0 0.00 0
Reversed Repurchases 0 0.00 0
Total (All Types) 172,757,953 100.00
*Percentages may be off due to rounding.
INVESTMENT ACTIVITY April 2025 March 2025
NUMBER AMOUNT ($) NUMBER AMOUNT ($)
Pooled Money 1,356 67,312,024 1,346 66,940,176
Time Deposits 73 2,079,000 67 2,856,000
Other 9 1,529,238 36 32,641
Total 1,438 70,920,262 1,449 69,828,817
PMIA Monthly Average Effective Yield (%) 4.281 4.313
Year to Date Yield Last Day of Month (%) 4.441 4.459
POOLED MONEY INVESTMENT ACCOUNT
Selected Investment Data
Analysis of the Pooled Money Investment Account Portfolio (Dollars In Thousands)
April 30, 2025
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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 County Treasury (Treasury Pool). As of March 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:
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 11, 2025, 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 the Report of Investments dated April 30, 2025, the March 31, 2025, book value of the Treasury Pool was approximately $56.419 billion, and the corresponding market value was approximately $54.769 billion.
Local Agency
Invested Funds
(in billions)
County of Los Angeles and Special Districts $23.546 Schools and Community Colleges 29.273
Discretionary Participants 3.600
Total $56.419
Non-discretionary Participants 93.63%
Discretionary Participants:
Independent Public Agencies 6.25%
County Bond Proceeds and Repayment Funds 0.12%
Total 100.00%
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An internal controls system for monitoring cash accounting and investment practices is in place. The Treasurer's Compliance Auditor, who operates independently from the Investment Officer, reconciles cash and investments to fund balances daily. The Compliance Auditor’s staff also reviews each investment trade for accuracy and compliance with the Board adopted Investment Policy. On a quarterly basis, the County’s outside independent auditor (External Auditor) reviews the cash and investment reconciliations for completeness and accuracy. Additionally, the External Auditor reviews investment transactions on a quarterly basis for conformance with the approved Investment Policy and annually accounts for all investments.
The following table identifies the types of securities held by the Treasury Pool as of March 31, 2025:
Type of Investment % of Pool
Certificates of Deposit 2.93
U.S. Government and Agency Obligations 69.95
Bank Acceptances 0.00
Commercial Paper 27.07
Municipal Obligations 0.05
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 March 31, 2025, approximately 45.01% of the investments mature within 60 days, with an average of 649 days to maturity for the entire portfolio.
TreasPool Update
03/31/2025
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POOLED SURPLUS INVESTMENTS (PSI) EARNINGS REPORT
MARCH 31, 2025
SCHEDULE B
TREASURER POOLED SURPLUS
INVESTMENTS PORTFOLIO
Investment Balance 03/31/25 $ 56,419,285,343
Market Value at 03/31/25 $ 54,768,786,521
Average Daily Balance $ 55,455,639,909
Gains and Losses:
For the Month $ 50,495
For the Past 12 Months $ 55,961
Unrealized Gains and Losses on Transfers
between Portfolio for the Month $ -
Earnings for the Month $ 167,057,033
Earnings for the Past 12 Months $ 2,222,009,605
Earnings Rate for the Month 3.53%