CITY OF FORTUNA
Treasurer's Report
As of March 31, 2023
% of Effective
INSTITUTION COST VALUE MARKET VALUE Total Yield
Local Agency Investment Fund (LAIF) $ 24,478,292 $ 24,148,088 61.74% 2.74% Treasury Obligation Sweep - US Bank 6,399,596 6,399,596 16.36% 4.24% Edward Jones - US Bank Trust 8,733,891 8,472,972 21.66% 2.67% Total Investments $ 39,611,779 $ 39,020,656
US Bank, General Checking $ (32,648) $ (32,648) -0.08%
US Bank, Payroll Checking 126,018 126,018 0.32%
Petty Cash/Cashier's Change 1,465 1,465 0.00%
Total Cash with Banks* $ 94,835 $ 94,835 0.24%
TOTAL INVESTMENT & CASH EQUIVALENTS $ 39,706,614 $ 39,115,491 100.00% 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.