Agenda Item
City Council
Item #: 3.20. 8/9/2022 File #: 22-0445
TO: Honorable Mayor and Members of the City Council
THRU: Rob Houston, City Manager
FROM: Richard A. Rohm, City Treasurer
Will Kolbow, Assistant City Manager/Administrative Services Director
1. SUBJECT
Monthly Treasurer’s Reports for April, May, and June 2022.
2. SUMMARY
Presentation of three monthly Treasurer’sReports to the City Council, after the end of the quarter covered by the reports.
3. RECOMMENDED ACTION
Receive and file.
4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.
6. DISCUSSION AND BACKGROUND
The City’scurrent Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11340 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter.
As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type and by broker.
The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.
The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A reconciliation between total cash and investments and total cash per the General Ledger is also included.
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Item #: 3.20. 8/9/2022 File #: 22-0445
Summary of changes in Treasurer’s cash and investments:
Operating Cash & Investments (1)
Balance @ 3/31/2022 $145,487,530
Monthly Activity:
Cash Received 76,874,041
Cash Disbursed (59,866,141)
Balance @ 6/30/2022 $162,495,430
(1)Includes operating cash and investments (valued at cost). Does not include deposits with administrator, imprest cash, fiscal agent cash and investments, and deferred compensation.
Significant Monthly Cash Transactions:
April May June
Cash Receipts:
Sales Tax Revenue 3,944,812$ 5,470,455 4,545,917 Property Taxes 10,571,230 2,834,767 312,716 Cash Disbursements:
PERS Employee Benefits 672,389 377,503 679,407 Municipal Water District Purchase Water 815,359 801,757 902,113 RC Construction Services Fire Headquarters 2,541,599 - 1,065,336 Southern California Edison Electricity 508,075 213,570 300,309 Hardy & Harper, Inc. Street Widening 473,487 - 231,574 R J Noble Company Pavement Maintenance 78,182 442,734 177,735 Excess Cash Receipts 9,426,951 6,469,658 1,502,159 Excess Cash Disbursements - -
April May June
LAIF Balance Beginning 56,900,000 64,900,000 59,400,000 Ending 64,900,000 59,400,000 74,900,000
7. ATTACHMENTS
· Investment Report for April 2022
· Investment Report for May 2022
· Investment Report for June 2022
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