PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
SUBJECT/TITLE:
MONTHLY INVESTMENT TRANSACTION REPORT OF THE CITY’S CASH AND INVESTMENTS FOR OCTOBER 2023 OF FY 2024
RECOMMENDATION:
No action recommended; for information only.
BACKGROUND:
This report updates the City Council on the City of Pismo Beach’s monthly transactions of the City’s investment portfolio for the month ending October 31, 2023. California State Government Code Section 53607 states that if the authority of the legislative body to invest or reinvest funds for the City is delegated to the City Treasurer, the City Treasurer shall make a monthly report of those transactions to the legislative body.
The attached report includes all transactions of the City’s investments managed by the City, including funds invested in various securities and the City’s pooled funds invested in various financial instruments.
•Attachment 1 provides a summary of the City’s cash, investments, and monthly interest earnings based on book value as of October 31, 2023. •Attachment 2 provides details on the investment transactions for the General Fund Reserve and City Pooled Funds A (for deferred capital projects), including: purchases or deposits; sales, maturities, calls or withdrawals; and interest earnings. •Attachment 3 provides details of the monthly transactions by fund for City Pooled Funds B (for current year expenditures) for the month ending October 31, 2023.
FISCAL IMPACT:
No fiscal impact from the report itself—information only.
ALTERNATIVES:
1.No Council action is proposed, other than to receive the information.
ATTACHMENTS:
1.Summary Table for ALL Funds, including Book Values and Earnings Data for Investments in Other Financial Instruments
2.For the General Fund Reserve and City Pooled Funds A—Transactions on Investments in Securities
3.For City Pooled Funds B—Summary of monthly transactions by fund Prepared by: Vanessa Garris, Finance Manager Meeting Date: December 5, 2023 Submitted by: Nadia Feeser, Administrative Service Director / City Treasurer City Manager Approval:
Council Agenda 12-5-2023 9.C-1
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned October
2023
Actual Year-to-
Date Interest
Earned Ending
10/31/2023 * Data Sources
General Fund
Reserves
US Bank CDs/GASs/Corp/
Muni Bonds
2.17% avg 7,903,980 23,978$ 52,654$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ Muni Bonds/
US Treasury Note
3.37% avg 42,903,978 77,014 385,054 1 Total All Securities 50,807,958$ 100,992$ 437,708$ City Pooled Funds - B US Bank Custody 0.00%-$ 583$ 1,287$ 1 City Pooled Funds - B Local Agency Invest.
Fund
State Investment
Pool
3.59%14,883,931 - 133,009 2
City Pooled Funds - B US Bank Checking 0.00%11,439,520 1,440 5,905 3 City Pooled Funds - B 26,323,451$ 2,023$ 140,201$ City Pooled Funds total A + B 69,227,429$ 79,037$ 525,255$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 385$ 2$ 6$ 4 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
519 2 9 4 CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit
Trust Account
Various managed
by CalPERS
4,638,943$ -$ (187,876)$ 5 TOTAL, Cash and Investments at October 31, 2023:81,771,257$ 103,019$ 390,047$ TOTAL for City Managed Portfolio, Cash and Investments:77,131,409$ 103,015$ 577,909$ Notes:
* Data Sources for Book Values and Actual Interest Earned:
1 = Monthly Customer Statement from US Bank
2 = Monthly statement from Local Agency Investment Fund 3 = Monthly reconciled bank statement from US Bank
4 = Monthly statement from Wilmington Trust
5 = Monthly statement from CalPERS Benefit Trust Account Attachment 1: Summary Table for All Funds,
including Book Values and Earnings Data for Investments in Other Financial Instruments Council Agenda 12-5-2023 9.C-2
Attachment 1
CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
October 31, 2023
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
No Activity -$
Total -$
SALES, MATURITIES, CALLS OR WITHDRAWALS
No Activity -$
Total -$
ACTIVITY TOTAL -$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 23,978$
POOLED INVESTMENTS
Interest Earned on Investments 77,014$
TOTAL INTEREST EARNED 100,992$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 12-5-2023 9.C-3
Attachment 2
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:10/31/2023 Bank Account Description Bank ID
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 12,750,236$ 4,991,946$ (3,344,436)$ 409,887$ (3,368,113)$ 11,439,520$ LAIF LAIF 14,750,922 133,009 - - - 14,883,931 Total all Bank Accounts 27,501,159$ 5,124,954$ (3,344,436)$ 409,887$ (3,368,113)$ 26,323,451$ Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 1,092,618 2,329,384 (1,350,600) - - 2,071,402 General Fund-Reserve 1001-10105 55,847 24,325 - - - 80,172 Half Cent Sales Tax Fund 1002 2,174,619 (682,317) - - - 1,492,302 Special Revenue Funds
Gas Tax Fund 2001 80,411 6,095 - - - 86,506 LTF - Streets 2002 299,706 (72,827) - - - 226,879 PEG Access Fund 2003 76,663 87 - - - 76,750 Police Grant Fund 2004 (3,351) 116,700 - - - 113,350 Housing In Lieu Fund 2005 421,006 5,874 - - - 426,880 LBID Fund 2006 1,911,233 259,981 (3,156) - - 2,168,057 Chapman House 2007 85,700 5,397 (8,199) - - 82,898 Capital Projects Funds
Capital Projects Fund 3001 654,210 1,134,522 (1,079,954) - - 708,779 Public Facilities Fund 3002 881 5 - - - 886 Park Development Fund 3003 359,235 (73,923) - - - 285,312 Circulation Fund 3101 578,013 (20,075) - - - 557,938 Development Impact Fee Fund 3102 285,003 36,322 - - - 321,325 Developer Impact Fee Fund 3103 167,676 928 - - - 168,604 Underground Utility Fund 3201 16,577 92 - - - 16,669 Council Agenda 12-5-2023 9.C-4
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:10/31/2023 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transf ers-In Transfers-Out Ending
Balance
Debt Service Funds
Public Finance Authority Fund 4001 - - - - - - Public Finance Authority Fund 4002 - - - - - - Freeway Foothills AD Fund 4101 767 4 - - - 771 Spyglass AD Fund 4102 12,768 71 - - - 12,839 Indio-El Portal AD Fund 4112 742 4 - - - 746 Visalia Street AD Fund 4113 2,839 393 - - - 3,231 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 3,096,338 893,812 (169,717) - - 3,820,432 Water Construction Fund 6103 832,404 18,852 (14,204) - - 837,053 Water Expansion Fund 6104 853,657 8,752 - - - 862,409 Wastewater Enterprise Fund 6201 4,632,262 (2,942,803) (349,626) - - 1,339,833 Wastewater Construction Fund 6202 1,405,178 7,782 - - - 1,412,960 Wastewater Expansion Fund 6203 1,966,870 22,411 - - - 1,989,281 LTF - Transit Fund 6301 28,336 157 - - - 28,493 Pier Operations Fund 6401 16,099 6,568 (7,088) - - 15,579 Parking Fund 6501 2,580,625 289,993 (31,095) - - 2,839,522 Internal Service Funds
Technology Service Fund 7101 38,834 117,610 (60,575) - - 95,869 Motor Vehicle Fund 7201 2,913,766 130,712 (169,847) - - 2,874,632 Trust & Agency Funds
SLO County TMD 8201 234,780 190,871 (233,417) - - 192,234 Control Funds
Payroll Control Fund 9301 779,117 1,249 172,392 - - 952,757 Interest Control Fund 9302 4,466 (3,026) - - - 1,440 Utility Billing Control Fund 9304 155,555 3,105 - - - 158,660 M/R Control Fund 9305 - - - - - - Total all cash funds 27,811,450 1,817,087 (3,305,086) - - 26,323,451 Council Agenda 12-5-2023 9.C-5
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:10/31/2023 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 0 - - - - 0 General Fund - CD's 1001-10404 6,115,033 - - - - 6,115,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF - Half Cent Sales Tax CD's 1002-10404 735,000 - - - - 735,000 GF - Half Cent Sales Tax Fed Ag1002-10405 500,000 - - - - 500,000 GF - Half Cent Sales Tax Mny M 1002-10108 0 - - - - 0 GF Reserve Money Mkt Cash 1001-10109 0 - - - - 0 GF Reserve - CD's 1001-10403 3,182,967 - - - - 3,182,967 GF Reserve - Fed Agency 1001-10402 2,208,000 - - - - 2,208,000 GF Reserve - Building 1001-10406 202,000 - - - - 202,000 GF Reserve - Building - Federal A1001-10146 298,000 - - - - 298,000 GF Reserve - Risk Mgmt - CD's 1001-10407 150,000 - - - - 150,000 GF Reserve - Risk Mgmt - Fed A 1001-10140 50,000 - - - - 50,000 GF Corp Bond - Pooled 1001-10141 529,143 - - - - 529,143 GF Corp Bond - Reserve 1001-10145 500,000 - - - - 500,000 GF Municipal Bonds Pooled 1001-10142 902,883 - - - - 902,883 GF Municipal Bonds Reserve 1001-10143 1,263,013 - - - - 1,263,013 Risk Mgmt Muni Bonds Reserve 1001-10144 50,000 - - - - 50,000 Half Cent Sales Tax - Pooled 1002-10141 - - - - - - Half Cent Sales Tax - Muni Bond 1002-10142 - - - - - - GF CREB's Fiscal Agent 1001-10515 (0) - - - - (0) GF Treasury Note 1001-10410 13,029,864 - - - - 13,029,864 Special Revenue Funds
Housing In Lieu - Mny Mkt Csh 2005-10108 (0) - - - - (0) Housing In Lieu Fund 2005-10404 630,000 - - - - 630,000 Housing In-Lieu Fed Agencies 2005-10405 140,000 - - - - 140,000 Housing In-Lieu Treasury Note 2005-10410 936,230 - - - - 936,230 Capital Projects Funds
Park Develop. Fund Mny Mkt 3003-10108 - - - - - - Park Development Fund 3003-10404 - - - - - - Park Develop Federal Agencies 3003-10405 - - - - - - Circulation Fees Mny Mkt 3101-10108 - - - - - - Circulation Fees 3101-10404 - - - - - - Develop. Impact Fee Mny Mkt 3102-10108 0 - - - - 0 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - - Council Agenda 12-5-2023 9.C-6
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending:10/31/2023 Fund Description Fund #
Beginning
Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
Debt Service Funds
Public Fin Fiscal Agent-Pier 4002-10510 383 2 - - - 385 Public Fin Fiscal Agent-CREBs 4002-10515 517 2 - - - 519 Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 0 - - - - 0 Water Fund CD's 6101-10404 490,000 - - - - 490,000 Wtr Fund Federal Agencies 6101-10405 2,155,000 - - - - 2,155,000 Wtr Fund Corp Bond - Pooled 6101-10141 - - - - - - Water Fund Treasury Note 6101-10410 1,015,796 - - - - 1,015,796 Water Construction Money Mkt 6103-10108 (0) - - - - (0) Water Construction 6103-10404 504,363 - - - - 504,363 Wastewater Fund Money Market 6201-10108 0 - - - - 0 Wastewater Fund CD's 6201-10404 490,000 - - - - 490,000 Wastewater Fund Fed Agencies 6201-10405 2,100,000 - - - - 2,100,000 WWtr Fund Corp Bond - Pooled 6201-10141 1,062,000 - - - - 1,062,000 WWtr Fund Treasury Note 6201-10410 1,015,796 - - - - 1,015,796 Parking Enterprise Money Mrkt 6501-10108 (0) - - - - (0) Parking Fund Corp Bond-Pooled 6501-10141 500,000 - - - - 500,000 Parking Enterprise 6501-10404 980,000 - - - - 980,000 Parking Fund Federal Agencies 6501-10405 1,750,000 - - - - 1,750,000 Parking Fund Treasury Note 6501-10410 902,872 - - - - 902,872 Internal Service Funds
MVR Fund Money Mrkt Csh 7201-10108 0 - - - - 0 MVR Fund CD's 7201-10404 1,526,000 - - - - 1,526,000 MVR Fund Federal Agencies 7201-10405 500,000 - - - - 500,000 CalPers Benefit Trust
OPEB Trust Account 8101-10408 4,638,943 - - - - 4,638,943 Total all Investments 55,447,802$ 4$ -$ -$ -$ 55,447,806$ Total all Funds 83,259,252$ 1,817,091$ (3,305,086)$ -$ -$ 81,771,257$ Council Agenda 12-5-2023 9.C-7
Attachment 3