CITY OF MENIFEE
SUBJECT: Treasurer's Report - January 2025
MEETING DATE: April 2, 2025
TO: Mayor and City Council
PREPARED BY: Ann-Marie Etienne, Finance Manager
REVIEWED BY: Travis Hickey, Chief Financial Officer
APPROVED BY: Armando G. Villa, City Manager
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RECOMMENDED ACTION
1. Receive and file the Treasurer’s Report as of January 31, 2025.
DISCUSSION
Attached is the signed Treasurer’s Report for Cash and Investments as of January 31, 2025.
The first section (green section) of the Treasurer’s Report as presented includes a summary of where the City’s revenues are held and summary activity, including:
City Cash: City’s checking/savings accounts, asset forfeiture, cash on hands. (Funds used to pay most regular payments/expenses and funds held in custody) City Investments: City’s short and long-term investments distributed amongst the LAIF and CAMP investment pools and investments currently managed by the City’s investment advisor consultant.
Cash Held Outside of City Funds: Funds held by trustee, currently Wilmington Trust, and used for city debt service and/or city managed debt service and bond proceeds distribution.
The second half (blue section) of the Treasurer’s Report represents the City’s reserve balances, including committed, assigned and unassigned balances as identified to use towards either committed/assigned (earmarked purposes) or support the daily operations.
STRATEGIC PLAN OBJECTIVE
Thriving Economy
City of Menifee Staff Report
Treasurer's Report - January 2025
April 2, 2025
2 5
9 5
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ATTACHMENTS
1. Treasurer’s Report as of January 31, 2025.