TREASURER'S REPORT
CITY OF MENIFEE
MENIFEE CASH AND INVESTMENT PORTFOLIO
FINANCE As of March 31, 2024
CITY CASH
PERCENT
BEGINNING ENDING OF STATED
BALANCE DEPOSITS WITHDRAWALS BALANCE MARKET VALUE CITY CASH RATE
INSTITUTION ACCOUNT TYPE
US BANK CHECKING 3,556,321.29 $ 18,156,486.86 (14,292,462.10) $ 7,420,346.05 $ 7,420,346.05 98.96% 0,00% un in $ 3.45 47,838.15 47,838.15 0.64% 1.15%
US BANK SAVINGS 47,834.70
ASSET FORFEITURE 17,745.45 1.28 17,746.73 17,746.73 0.24% 0.05%
US BANK
CITY OF MENIFEE CASH ON HAND 12,300.00 $ 12,300.00 12,300.00 0.16% 0.00% TOTAL CITY CASH 3.634.201.44 S 18,156,491.59 S (14.292,462.10) S 7,498,230.93 S 7,498,230.93 100%
CITY INVESTMENTS
PERCENT
BEGINNING ENDING OF AVG/STATED
INVESTMENT TYPE/CATEGORY BALANCE DEPOSITS WITHDRAWALS BALANCE MARKET VALUE CITY CASH RATE ISSUER
Pool/Short -Term $ 106,747,898.37 483,769.72 (6,500,000.00) $ 100,731,668.09 $ 100,731,668.09 52.64% 5.48% CAMP
Pool/Short-Term 10,910,129.51 $ 10,910,129.51 $ 10,910,129.51 5.70% 4.232% LAIF
City Investments/Long-Term 68,548,325.41 37,113.85 $ 68,585,439.26 $ 64,529,719.26 35.84% 1.988%
PIPER SANDLER
CHANDLER ASSET MGMT City Investments/Long-Term $ 11,102,335.94 422,098.43 $ (394,829,62) $ 11,129,604.75 $ 10,987,225.96 5.82% 4.208% TOTAL CITY INVESTMENTS $ 197,308,689.23 S 942,982.00 (6,894,829.62) S 191,356,841.61S 187,158,742.82 100.00% CASH & INVESTMENTS TOTAL S 200,942,890.67 S 19,099.473.59 7.397.632.48S 198.855.072.54 S (2.0BZ818.13) INCREASE(DEGREASE)
CASH HELD OUTSIDE OF CITY FUNDS
BEGINNING Average Yield for the
BALANCE DEPOSITS WITHDRAWALS ENDING BALANCE Month (Annualized) Wilmington Trust TRIP funds 42,485.77 167.37 42,653.14 5.15% Wilmington Trust Streetlights funds 62,296.78 249.01 62,545.79 5.22% Wilmington Trust CFD 2019-1 Meadow Run funds 1,039,056.98 9,874.43 (88,381.49) 960,549.92 5.14% Wilmington Trust CFD 2020-1 McCall Mesa funds 4,532,153.58 49,936.13 (367,129.64) 4,214,960.07 5.14% Wilmington Trust CFD 2020-2 Del Oro funds 369,016.01 1,168.59 (98,045.62) 272,138.98 5.14% 5,844,761.52 50,557.00 (369,442.19) 5,525,876.33 5.14%
Wilmington Trust CFD 2021-1 Banner Park funds
Wilmington Trust CFD 2021-2 Sumac Ridge funds 4,465,513.01 17,318.75 (269,629.89) 4,216,201.87 5.14% Wilmington Trust CFD 2022-1 Quartz Ranch funds 5,460,718.24 49,759.89 (412,690.57) 5,097,787.56 5.12% TOTAL CASH HELD BY TRUSTEE 21,816,001.89 179.031.17 (1,605,319.40) $ 20,392,713.66 3,600,186.66 TOTAL CASII & INVESTMENTS INCLUDING CASH HELD BY TRUSTEE 219,247,786.20
RESERVE BALANCES & DAILY OPERATIONS
BEGINNING ENDING
TYPE PURPOSE BALANCE DEPOSITS WITHDRAWALS BALANCE
Committed Funds: Operating Reserve Stabilization 11,257,355.00 11,257,355.00 City Hall 4,750,000.00 $ 4,750,000.00
McCall Blvd Proj Improvments 5,540,317.00 5,540,317.00
Sub Total 16,007,355.00 5,540,317.00 21,547,672.00
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
Bradley Bridge 223,872.00 $ 223,872.00
Future Community Center $
Nova CBP 5,540,317.00 (5,540,317.00)
Encumbrances 23,719,832.38 406,916.74 (1210, 3087) 3 22,914,818.25 Technology Surcharge 187,501.61 187,501.61
Unassigned Funds: Reserved Cash Flow $ 9,005,884.00 $ $ 9,005,884.00 Sub-Total 5 50.891,538.37 S 406.916.74 (6.752,247.87) $ 44,546,207.24 TOTAL RESERVED BALANCES 66,093.879.24
TOTAL BALANCE AVAILABLE FOR DAILY OPERATIONS GENERAL FUND 9,057,183.23 TOTAL BALANCE AVAILABLE FOR DAILY OPERATIONS ALL OTHER FUNDS 123.704,010.07 RESERVE BALANCES & DAILY OPERATIONS TOTAL IS 198,855,072.54** 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 Gover mment Agency pooled investments and bank balances. 4/30|24
Travis Hickey, City Treasurer Date
CASH HELD OUTSIDE OF CITY FUNDS
•• This amount does not include funds managed directly by Trustee, Wilmington Trust