Palo Alto City Council
May 20, 2024

Book Value Market Value
City Investment Portfolio (see Attachment B) 630,727,912$ 591,028,874 $ Other Funds Held by the City
Cash with Wells Fargo Bank 127,716 127,716 (includes general and imprest accounts)
Cash with US Bank 2,279,324 2,279,324 Total - Other Funds Held By City 2,407,040 2,407,040 Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
1999 Utility Revenue Bonds
Debt Service Fund 25 25
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,394,116 2,394,116 2010 & 2013 General Obligation (Library) Bond
Debt Service and Escrow Funds - - 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 650,039 650,039 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service and Cost of Issuance Funds 785 785 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Construction and Cost of Issuance Funds 3,310 3,310 2021 Public Safety Building Certificates of Participation Construction Debt Svc, Capitalized Interest, and Cost of Issuan 2,099,858 2,099,858 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 2,940,237 2,940,237
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 71,526,250 71,526,250 Total Under Trustee Management 79,618,964 79,618,964 GRAND TOTAL 712,753,917 $ 673,054,879 $
* 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
Third Quarter, Fiscal Year 2023-24
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments