City of Pacifica
Treasurer's Report
June 30, 2022
Portfolio Summary
Par Value
GASB 31 Fair
Market Value Book Value % of Portfolio
General Account-Checking Account with Tri Counties Bank $ 26,193,772 $ 26,193,772 26,193,772 44.85% Payroll Account-Checking Account with Tri Counties Bank 526,424 526,424 526,424 0.90% Workers Compensation Account-Checking Account with Tri Counties Bank 12,756 12,756 12,756 0.02% Senior Services Account with Tri Counties Bank 2,113,247 2,113,247 2,113,247 3.62% 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 2,973,366 2,973,366 2,973,366 5.09% Roy Davies Trust- Interest Account-Public Funds - Checking Acct with City National Bank 27,894 27,894 27,894 0.05% Petty Cash - Held by various Departments 3,445 3,445 3,445 0.01% Cash $ 31,860,319 $ 31,860,319 $ 31,860,319 54.55%
Investments
California Local Agency Investment Fund (LAIF) $ 17,679,402 17,451,787 17,679,402 30.27% Bank of New York Mellon-Fund 91 - Cash & Short Term 232,074 232,074 232,074 0.40% Deutsche Bank-Cash-Earmarked for debt service - Energy Retrofit Lease 13,415 13,415 13,415 0.02% US Bank - Money Market Fund* 8,274,492 8,274,492 8,274,492 14.17% PARS Post-Employment Benefit Trust** 342,510 342,510 342,510 0.59% Total Investments $ 26,541,894 $ 26,314,279 $ 26,541,894 45.45% Total Cash and Investments $ 58,402,213 $ 58,174,597 $ 58,402,213 100.00% 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. 8/22/2022
City of Pacifica
Treasurer's Report
June 30, 2022
Reconciliation to General Ledger
Description Bank Account # Amount
Tri Counties General Checking Account xx0541 $ 26,193,772 Tri Counties Payroll Account xx6915 $ 526,424
Tri Counties Workmens Comp Account xx1341 $ 12,756
Tri Counties Senior Services Account xx5996 $ 2,113,247 Tri Counties Turbo Data Account xx9758 $ 9,415
City National Bank Roy Davies Trust-Principal xx5367 $ 2,973,366 City National Bank Roy Davies Trust-Interest xx7033 $ 27,894 Local Agency Investment Fund (LAIF) xx1614/xx1007 $ 17,679,402 Bank of New York Mellon xx0166/xx0167 $ 232,074
Deutsche Bank - Energy Retrofit Lease S80844.1 $ 13,415 US Bank - 2016 Refunding xx5000 $ 305,636
US Bank - 2017 Wastewater Revenue Bond-Project Fund xx2001 $ 4,030,188 US Bank - 2017 Wastewater Revenue Bond-Interest xx2003 $ 1 US Bank - 2019 Taxable Pension Obligation Bond Refunding-Debt Service xx4000 $ 1 US Bank - 2019 Taxable Pension Obligation Bond Refunding-Debt Service xx4001 $ 3,066 US Bank - 2021 Civic Center Bonds xx9000 $ 3,935,600
Public Agency Retirement Services (PARS) - Post Employment Benefit Trust $ 342,510 Petty Cash $ 3,445
Total Cash per Bank Statements $ 58,402,213
Description GL Account # Amount
Cash in Bank xx.xxxxxx.11000.xxxx.xxx $ 35,085,484
Cash in Bank - Payroll xx.xxxxxx.11002.xxxx.xxx $ (2,099,929) Petty Cash xx.xxxxxx.11100.xxxx.xxx $ 3,445
Investments - LAIF 01.000000.11290.0000.000 $ 17,678,758 Investments - LAIF 22.900000.11292.0000.000 $ 644
PARS Trusts-Pension 01.000000.11297.0000.000 $ 173,550
PARS Trusts-Other Post Employment Benefits (OPEB) 01.000000.11298.0000.000 $ 168,960 Reserve Cash-2017 Wastewater Revenue Refunding Project 18.940000.11033.0000.000 $ 4,030,188 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 $ 2,973,366 R Davies Trust - Interest 27.900000.11296.0000.000 $ 27,894 Cash Reserve - 2016 Lease Payment 40.880000.11026.0000.000 $ 305,636 Cash Reserve - 2019 POB Refunding 40.880000.11036.0000.000 $ 1 Interest Account - 2019 POB Refunding 40.880000.11036.0000.000 $ 3,066 City of Pacifica 2021 Project Fund xx.xx0000.110xx.0000.000 $ 3,935,600 Debt Service Reserve Fund - 2004 TAB 91.960000.11019.0000.000 $ 129,963 Cash with Fiscal Agent 91.960000.11020.0000.000 $ 102,111 Total Cash per General Ledger $ 62,532,155
Tri Counties Bank reconciliation adjustments and timing differences $ (4,129,942) Total Reconciled GL Cash $ 58,402,213