TREASURER'S REPORT
M CITY OF MENIFEE
MENIFEE CASH AND INVESTMENT PORTFOLIO
FINANCE
As of February 28, 2025
CITY CASH
PERCENT
BEGINNING ENDING OF STATED
INSTITUTION ACCOUNT TYPE BALANCE DEPOSITS WITHDRAWALS BALANCE MARKET VALUE CITY CASH RATE US BANK CHECKING 15,600,821.24 $ 22,142,272.78 (33,324,699.61) $ 4,418,394.41 $ 4,418,394.41 96.80% 0.00% SAVINGS и un
US BANK 47,874.10 $ 3.30 47,877.40 47,877.40 1.05% 0.09% US BANK ASSET FORFEITURE 98,085.68 6.26 (12,003.87) $ 86,088.07 86,088.07 1.89% 0.09% CITY OF MENIFEE CASH ON HAND 12,300.00 12,300.00 $ 12,300.00 0.27% 0.00% TOTAL CITY CASH 15,759,081.02 22.142,282.34 S (33,336,703.48) S 4,564,659.88 4,564,659.88 100.00%
CITY INVESTMENTS
PERCENT
OF AVG/STATED
BEGINNING DEPOSITS/ WITHDRAWALS/
ISSUER INVESTMENT TYPE/CATEGORY BALANCE PURCHASES SALES/MATURITIES ENDING BALANCE MARKET VALUE CITY CASH RATE CAMP Pool/Short -Term 72,432,143.49 $ 250,722.62 72,682,866.11 $ 72,682,866.11 30.32% 4.510% LAIF Pool/Short -Term 11,645,672.91 $ 24,000,000.00 35,645,672.91 35,645,672.91 14.87% 4.333% CHANDLER ASSET MGMT City Investments/Long-Term 131,051,597.03 $ 7,228,573.87 (6,862,997.14) $ 131,417,173.76 $ 131,802,389.47 54.82% 3.083% TOTAL CITY INVESTMENTS $ 215,129,413.43 $ 31,479,296.49 $ (6.862,997.14) S 239,745.712.78 S 240,130,928.49 100.00% CASH & INVESTMENTS TOTAL S 230,888,494.45 S 53,621,578.83 S (40,199,700.62) S 244,310.372.66S 13,421,878.21 INCREASE(DECREASE)
CASH HELD OUTSIDE OF CITY FUNDS
BEGINNING Average Yield for the
BALANCE DEPOSITS WITHDRAWALS ENDING BALANCE Month (Annualized) Wilmington Trust TRIP funds 36,627.13 125.58 36,752.71 3.63% Wilmington Trust Streetlights funds 71,722.72 $ 260.61 (10,271.80) S 61,711.53 3.70% Wilmington Trust CFD 2019-1 Meadow Run funds 299,418.70 1,031.19 300,449.89 3.66% Wilmington Trust CFD 2020-1 McCall Mesa funds 1,951,263.44 306,315.13 2,257,578.57 3.66% Wilmington Trust CFD 2020-2 Del Oro funds 241,861.58 60,697.50 302,559.08 3.66% Wilmington Trust CFD 2021-1 Banner Park funds 5,675,137.56 322,142.76 5,997,280.32 3.66% Wilmington Trust CFD 2021-2 Sumac Ridge funds 4,193,881.99 $ 265,308.04 4,459,190.03 3.66% Wilmington Trust CFD 2022-1 Quartz Ranch funds 13,718,383.47 503,186.62 (2,698,449.00) 11,523,121.09 3.66% Wilmington Trust CFD 2023-1 Rockport Ranch funds 17,786,337.04 133,400.79 17,919,737.83 3.78% TOTAL CASH HELD BY TRUSTEE 43,974,633.63 1,592,468.22 (2,708,720.80) $ 42,858,381.05 TOTAL CASH & INVESTMENTS INCLUDING CASH HELD BY TRUSTEE 287,168,753.71
RESERVE BALANCES & DAILY OPERATIONS
BEGINNING ENDING
TYPE PURPOSE BALANCE DEPOSITS WITHDRAWALS BALANCE
Committed Funds: Operating Reserve Stabilization 14,187,139.00 $ 14,187,139.00 City Hall 4,750,000.00 4,750,000.00
McCall Bivd Proj Improments 5,540,317.00 5,540,317.00
Public Facilities 2,000,000.00 2,000,000.00
Sub-Total 26,477,456.00 26,477,456.00
Assigned Funds: Economic Uncertainty 14,187,139.00 14,187,139,00 Fire Safety 569,680.05 569,680.05
Rockport Ranch Mitigation 80,930.24 80,930.24
General Plan Update 934,463.02 $ 934,463.02
Bradley Bridge 223,872.00 223,872.00
Encumbrances* 12,127,386.49 2,072,550.09 -$ 1,434,803.63 12,765,132.95 Technology Surcharge 442,660.37 442,660.37
Unfunded Liability 424,678.00 424,678.00
Fleet Replacement 1,000,000.00 1,000,000.00
Insurance SIR 500,000.00 500,000.00
Public Facilities 13,271,085.00 13,271,085.00
Fire Equipment 764,000.00 764,000.00
Unassigned Funds: Reserved Cash Flow 9,458,093.00 $ 9,458,093.00 Sub-Total 38.024,224.17 S 18.032,313.09 (1,434,803.63) S 54.621.733.63 TOTAL RESERVED BALANCES 81,099,189.63
TOTAL BALANCE AVAILABLE FOR DAILY OPERATIONS (All Funds)* 163,211,183.03 *Difference of S57.6k from January 2025 Encumbrances Ending Balance amount related additional PO activity (liquidations) post report completion. ** Reflects combined balance available for all funds. General Fund, including Quality of Life measure, the final unassigned fund balance as of 7/1/2024 was $9,057,183.23.
RESERVE BALANCES & DAILY OPERATIONS TOTAL S 24131037266 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 that this report reflects all Go 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, Lalso certify ament Agency pooled investments and bank balances.
418/25
Travis Hickey, City Treasurer