Palo Alto City Council
November 13, 2023

Book Value Market Value
City Investment Portfolio (see Attachment B) 574,818,034$ 520,412,019 $ Other Funds Held by the City
Cash with Wells Fargo Bank 247,695 247,695 (includes general and imprest accounts)
Cash with US Bank 1,326,792 1,326,792 Total - Other Funds Held By City 1,574,488 1,574,488 Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
1999 Utility Revenue Bonds
Debt Service Fund 1,811 1,811
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,532,664 2,532,664 2010 & 2013 General Obligation (Library) Bond
Debt Service and Escrow Funds 1 1 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 695,759 695,759 2013 General Obligation (Library) Bond
Escrow Funds 1 1
2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service and Cost of Issuance Funds 331 331 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Construction and Cost of Issuance Funds 1,715 1,715 2021 Public Safety Building Certificates of Participation Construction Debt Svc, Capitalized Interest, and Cost of Issuan 5,789,879 5,789,879 2022A & B General Obligation (Library) Bond
Cost of Issuance Funds 4,344 4,344 California Asset Management Program (CAMP) ***
2012 University Ave. Parking Refunding Bonds
Reserve Fund 2,860,060 2,860,060
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 56,375,811 56,375,811 Total Under Trustee Management 68,262,376 68,262,376 GRAND TOTAL 644,654,898 $ 590,248,883 $
* These funds are subject to the requirements of the underlying debt indenture. ** U.S. Bank investments are in money market mutual funds that exclusively invest in U.S. Treasury securities. *** CAMP investments are in money market mutual fund which invest in bankers acceptance, certificate of deposit, commercial paper, federal agency securities, and repurchase agreements. **** PARS investments are in moderately conservative index plus funds Attachment A
First Quarter, Fiscal Year 2022-23
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments