CITY OF FORTUNA
Treasurer's Report
As of December 31, 2022
% of Effective
INSTITUTION COST VALUE MARKET VALUE Total Yield
Local Agency Investment Fund (LAIF) $ 24,364,624 $ 23,911,180 64.15% 1.98% Treasury Obligation Sweep - US Bank 5,050,767 5,050,767 13.55% 3.66% Edward Jones - US Bank Trust 8,697,720 8,466,164 22.71% 2.67% Total Investments $ 38,113,111 $ 37,428,111
US Bank, General Checking $ (272,051) $ (272,051) -0.73% US Bank, Payroll Checking 114,192 114,192 0.31%
Petty Cash/Cashier's Change 1,465 1,465 0.00%
Total Cash with Banks* $ (156,394) $ (156,394) -0.42%
TOTAL INVESTMENT & CASH EQUIVALENTS $ 37,956,717 $ 37,271,717 100.00% Respectfully submitted,
Aaron Felmlee
Treasurer
City of Fortuna
Attached are the LAIF, Treasury Obligation Sweep/US Bank, and Edward Jones/US Bank investment statements detailing all investment transactions and balances.
*Cash with Bank is shown based upon reconciled book balance.
This report accurately reflects all cash and investments and is in conformity with California Government Code Section 53646 and City of Fortuna's investment policy. The investment program shown herein is sufficient to meet City of Fortuna's expenditure requirement over the next six months.