Palo Alto City Council
November 18, 2024

Book Value Market Value
City Investment Portfolio (see Attachment B) 592,141,181$ 568,521,937 $ Other Funds Held by the City
Cash with Wells Fargo Bank 875,610 875,610 (includes general and imprest accounts)
Cash with US Bank 1,653,531 1,653,531 Total - Other Funds Held By City 2,529,141 2,529,141 Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,451,279 2,451,279 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 1,081 1,081 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service Funds 346 346 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Debt Service and Reserve Funds 577,120 577,120 2021 Public Safety Building Certificates of Participation Debt Service Funds 2,819 2,819 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 3,007,596 3,007,596
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 90,173,209 90,173,209 Total Under Trustee Management 96,217,794 96,217,794 GRAND TOTAL 690,888,115 $ 667,268,872 $
* 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 2023-24
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments