City of Pacifica
Treasurer's Report
March 31, 2022
Portfolio Summary
Par Value
GASB 31 Fair
Market Value Book Value % of Portfolio
General Account-Checking Account with Tri Counties Bank $ 17,279,685 $ 17,279,685 17,279,685 35.18% Payroll Account-Checking Account with Tri Counties Bank 526,424 526,424 526,424 1.07% Workers Compensation Account-Checking Account with Tri Counties Bank 12,756 12,756 12,756 0.03% Senior Services Account with Tri Counties Bank 2,113,141 2,113,141 2,113,141 4.30% Turbo Data Account with Tri Counties Bank 9,415 9,415 9,415 0.02% Roy Davies Trust- Principal Account-Ladder Acct (Business) with City National Bank 2,973,165 2,973,165 2,973,165 6.05% Roy Davies Trust- Interest Account-Public Funds - Checking Acct with City National Bank 27,915 27,915 27,915 0.06% Petty Cash - Held by various Departments 3,445 3,445 3,445 0.01% Cash $ 22,945,945 $ 22,945,945 $ 22,945,945 46.72%
Investments
California Local Agency Investment Fund (LAIF) $ 17,665,481 17,466,807 17,665,481 35.97% Bank of New York Mellon-Fund 91 - Cash & Short Term 129,862 129,862 129,862 0.26% Deutsche Bank-Cash-Earmarked for debt service - Energy Retrofit Lease 13,415 13,415 13,415 0.03% US Bank - Money Market Fund* 7,972,615 7,972,615 7,972,615 16.23% PARS Post-Employment Benefit Trust** 387,273 387,273 387,273 0.79% Total Investments $ 26,168,647 $ 25,969,973 $ 26,168,647 53.28% Total Cash and Investments $ 49,114,592 $ 48,915,918 $ 49,114,592 100.00% Yulia Carter Date
Chief Financial Sustainability Officer
*Includes available cash from the City's issuance of the 2017 Wastewater Revenue Bonds totaling $25.929 million. The initial proceeds were shown in the Cash and Investment report as of September 30, 2017. ** PARS Trust - Public Agency Retirement Services - invests in Capital Appreciation funds for the City's OPEB trust and Moderate Index funds for Pension trust.
The above investments are consistent with the City's Investment Policy and are allowable under current legislation of the State of California. Investments are selected using safety, liquidity, and yield as the criteria. The City has sufficient cash flow to cover anticipated expenditures through the next six months. 8/8/2022
City of Pacifica
Treasurer's Report
March 31, 2022
Reconciliation to General Ledger
Description Bank Account # Amount
Tri Counties General Checking Account xx0541 $ 17,279,685 Tri Counties Payroll Account xx6915 $ 526,424
Tri Counties Workmens Comp Account xx1341 $ 12,756
Tri Counties Senior Services Account xx5996 $ 2,113,141 Tri Counties Turbo Data Account xx9758 $ 9,415
City National Bank Roy Davies Trust-Principal xx5367 $ 2,973,165 City National Bank Roy Davies Trust-Interest xx7033 $ 27,915 Local Agency Investment Fund (LAIF) xx1614/xx1007 $ 17,665,481 Bank of New York Mellon xx0166/xx0167 $ 129,862
Deutsche Bank - Energy Retrofit Lease S80844.1 $ 13,415 US Bank - 2016 Refunding xx5000 $ 4,842
US Bank - 2017 Wastewater Revenue Bond-Project Fund xx2001 $ 4,029,156 US Bank - 2017 Wastewater Revenue Bond-Interest xx2003 $ 1 US Bank - 2019 Taxable Pension Obligation Bond Refunding-Debt Service xx4000 $ 0 US Bank - 2019 Taxable Pension Obligation Bond Refunding-Cost of Issuance xx4003 $ 3,066 US Bank - 2021 Civic Center Bonds xx9000 $ 3,935,550
Public Agency Retirement Services (PARS) - Post Employment Benefit Trust $ 387,273 Petty Cash $ 3,445
Total Cash per Bank Statements $ 49,114,592
Description GL Account # Amount
Cash in Bank xx.xxxxxx.11000.xxxx.xxx $ 20,515,832
Cash in Bank - Payroll xx.xxxxxx.11002.xxxx.xxx $ (488,653) Petty Cash xx.xxxxxx.11100.xxxx.xxx $ 3,445
Investments - LAIF 01.000000.11290.0000.000 $ 17,664,837 Investments - LAIF 22.900000.11292.0000.000 $ 644
PARS Trusts-Pension 01.000000.11297.0000.000 $ 193,857
PARS Trusts-Other Post Employment Benefits (OPEB) 01.000000.11298.0000.000 $ 193,416 Reserve Cash-2014 Wastewater Revenue Refunding 18.940000.11032.0000.000 $ 0 Reserve Cash-2017 Wastewater Revenue Refunding Project 18.940000.11033.0000.000 $ 4,029,156 Reserve Cash-2017 Wastewater Revenue Refunding Interest 18.940000.11034.0000.000 $ 1 Cash with Fiscal Agent 22.900000.11022.0000.000 $ 13,415 R Davies Trust - Principal 27.900000.11293.0000.000 $ 2,973,165 R Davies Trust - Interest 27.900000.11296.0000.000 $ 27,915 Cash Reserve - 2016 Cost of Issuance 40.880000.11025.0000.000 $ 4,836 Cash Reserve - 2016 Lease Payment 40.880000.11026.0000.000 $ 6 Cash Reserve - 2019 POB Refunding 40.880000.11036.0000.000 $ 0 Cash Reserve - 2019 POB Cost of Issuance 40.880000.11037.0000.000 $ 3,066 City of Pacifica 2021 Project Fund xx.xx0000.110xx.0000.000 $ 3,935,550 Debt Service Reserve Fund - 2004 TAB 91.960000.11019.0000.000 $ 129,862 Cash with Fiscal Agent 91.960000.11020.0000.000 $ 0
Total Cash per General Ledger $ 49,200,351
Tri Counties Bank reconciliation adjustments and timing differences $ (85,759) Total Reconciled GL Cash $ 49,114,592