TREASURER'S REPORT
CITY OF MENIFEE
MENIFEE CASH AND INVESTMENT PORTFOLIO
FINANCE As of October 31, 2023
CITY CASH
PERCENT
BEGINNING ENDING OF STATED
INSTITUTION ACCOUNT TYPE BALANCE DEPOSITS WITHDRAWALS BALANCE MARKET VALUE CITY CASH RATE CHECKING (15,240,461.24) $ 9,848,494.20 $ 9,848,494.20 21.82% 0.00% UNION BANK 3,522,35446 ≤ 112,59056
43,222,759.43 36,619.94 $ (8,000,000.00) $ 35,259,379.37 35,259,379.37 78.11% 1.15%
UNION BANK SAVINGS
UNION BANK ASSET FORFEITURE 17,741.78 0.75 17,742.53 $ 17,742.53 0.04% 0.05% 12,300.00 $ 12,300.00 $ 12,300.00 0.03% 0.00%
CITY OF MENIFEE CASH ON HAND
TOTAL CITY CASH 49.929,196.07 S 18,449,181.27 S (23.240.461.24) S 45,137,916.10 S 45,137.916.10 100%
CITY INVESTMENTS
PERCENT
BEGINNING ENDING OF STATED
INVESTMENT TYPE BALANCE DEPOSITS WITHDRAWALS BALANCE MARKET VALUE CITY CASH RATE ISSUER
CALIFORNIA STATE LOCAL AGENCY INVESTMENT $ 62,708,980.10 $ 565,484.38 $ 63,274,464.48 $ 63,274,464.48 44.38% 3.670%
TREASURER FUNDS (LAIF)
PIPER SANDLER FEDERAL FARM CREDIT BANKS 8,977,500.00 $ 8,977,500.00 $ 8,184,310.00 6.30% 0.795% FEDERAL HOME LOAN BANKS 37,000,000.00 $ $ 37,000,000.00 $ 34,084,440.00 25.95% 0.819% (US BANK)
US TREASURY $ $ 20,502,500.00 $ 18,776,450.00 14.38% 1.477% 21504254-92 3 1.29% 4.970%
MONEY MARKET 1,764,254.92 69.053.92 $ 1,833,308.84 1,833,308.84 SUB-TOTAL 68,244,254.92 69,053.92 68,313,308.84 62,878,508.84 47.91%
AVG, RATE
116,263.48 (2,336.39) 3,926,256.24 $ 3,793,281.41 2.75% 2.887% CHANDLER FEDERAL AGENCY FUNDS 3,812,329.15 $
US TREASURY NOTES 3,290,186.35 $ (76,482.42) 3,213,703.93 $ 3,105,385.40 2.25% 2.697%
ASSET MGMT
$ 3,862,246.47 $ (17,600.05) $ 3,844,646.42 3,710,189.33 2.70% 5,686% (UNION BANK) CORPORATE BONDS
$ 7,451.78 114,628.56 (106,154,47) S 15,925.87 $ 15.925.87 0.01% 5.220%
MONEY MARKET
SUB-TOTAL 10.972.213.75 S 230,892.04 (202.573.33) $ 11,000,532.46 $ 10,624,782.01 7.71% TOTAL CITY INVESTMENTS 141,925,448.77 $ 865,430.34 (202,573.33) S 142,588,305.78 136.777,755.33 100.00% CASH & INVESTMENTS TOTAL $ 191,854,644.84 S 19,314,611.61 $ (23,443,034.57) S 187,726,221.88 S (4,128,422.96) INCREASE(DECREASE)
RESERVE BALANCES & DAILY OPERATIONS
BEGINNING ENDING
TYPE PURPOSE BALANCE DEPOSITS WITHDRAWALS BALANCE COMMENTS Operating Reserve Stabilization 11,257,355.00 $ $ 11,257,355.00 Committed Funds:
City Hall 4,750,000.00 $ 4,750,000.00
Sub-Total 16,007.355.00 S 16,007,355.00
Assigned Funds: Economic Uncertainty 11,257,355.00 $ 11,257,355.00 Fire Safety 391,735.33 391,735.33
General Plan Update 565,041.05 565,041.05
Central Park Amphitheater 450,000.00 450,000.00
Bradley Bridge 223,872.00 223,872.00
Future Community Center 1,000,000.00 $ 1,000,000.00
Nova CBP 5,540,317.00 $ $ 5,540,317.00
Encumbrances 20,328,551.65 9,110,372.55 (7,103,935.38) $ 22,334,988.82 Technology Surcharge 187,501.61 $ 187.501.61
Unassigned Funds: Reserved Cash Flow $ 9,005,884.00$ 9,005,884.00 Sub-Total 48,950,257.64 $ 9,110,372.55 S (7.103,935.38) $ 50,956,694.81 TOTAL RESERVED BALANCES 66,964,049.81
TOTAL BALANCE AVAILABLE FOR DAILY OPERATIONS GENERAL FUND 16,059,787.99 TOTAL BALANCE AVAILABLE FOR DAILY OPERATIONS ALL OTHER FUNDS 104.702,384.08 RESERVE BALANCES & DAILY OPERATIONS TOTAL S 187,726,221.88 ** In compliance with the California Code Section 53646, as the City Treasurer of the City of Menifee, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months and that all investments are in compliance with the City's adopted Investment Policy, I also certify that this report reflects all Government Agency pooled inves stments and bank balances. 12/14/23
Travis Hickey, City Treasurer Date
NOTE: CASH HELD OUTSIDE OF CITY FUNDS
** This amount does not include Wilmington Trust TRIP Escrow funds in the amount of: 44,679.56 ** This amount does not include Wilmington Trust Streetlights Escrow funds in the amount of : 49,425.56 *• This amount does not include Wilmington Trust CFD 2019-1 Meadow Run funds in the amount of: 888.156.25 ** This amount does not include Wilmington Trust CFD 2020-1 McCall Mesa funds in the amount of : 6,018.446.06 ** This amount does not include Wilmington Trust CFD 2021-1 Banner Park funds in the amount of : 7,273,121.87 ** This amount does not include Wilmington Trust CFD 2022-1 Quartz Ranch funds in the amount of : 11.447,585.00 ** This amount does not include Wilmington Trust CFD 2020-2 Del Oro funds in the amount of : 277.873.08 ** This amount does not include Wilmington Trust CFD 2021-2 Sumac Ridge funds in the amount of: 7,790,896.97