G\T Y OF
PISMO BEACH CITY COUNCIL STAFF REPORT
.o�s'yo Bt Agenda Item #9.0
Meeting Date: August 20, 2024
TITLE:
Monthly Investment Transaction Report of the City's Cash and Investments for June 2024 of Fiscal Year 2024
RECOMMENDATION:
No action recommended; for information only.
DISCUSSION:
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 June 30, 2024. 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. Pursuant to Government Code Section 6505.5, this information is being provided here to the Pismo Beach Public Financing Authority, the Pismo Beach Public Financing Agency, and the Central Coast Blue Regional Recycled Water Authority, through the members of the City Council who sit on those boards.
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 June 30, 2024. • 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 June 30, 2024.
FISCAL IMPACT:
No fiscal impact from the report itself—information only.
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 Council Agenda 8-20-2024 9.C-1
Prepared by: Vanessa Garris, Finance Manager
Submitted by: Nadia Feeser, Administrative Service Director / City Treasurer City Manager Approval:
Council Agenda 8-20-2024 9.C-2
Attachment 1
City of Pismo Beach
Attachment 1:Summary Table for All Funds,
including Book Values and Earnings Data for Investments in Other Financial Instruments Actual Year-to-
Current Actual Interest Date Interest
Earnings Earned June Earned Ending
Investment Name Name of Institution Type of Investment Rate Book Value 2024 6/30/2024 *Data Sources General Fund US Bank CDs/GASs/Corp/ 2.07%avg 8,148,980 $ 4,671 $ 149,657 1 Reserves Muni Bonds
City Pooled Funds-A US Bank CDs/GASs/Corp 3.00%avg 34,591,551 39,948 1,221,404 1 Bonds/Muni Bonds/
US Treasury Note
Total All Securities $ 42,740,531 $ 44,619 $ 1,371,062 City Pooled Funds-B US Bank Custody 0.00% $ - $ 288 $ 11,817 1 City Pooled Funds-B Local Agency Invest. State Investment 4.55% 5,263,562 62,811 575,450 2 Fund Pool
City Pooled Funds-B US Bank Checking&Sweep 4.90% 28,603,597 123,647 382,009 3 City Pooled Funds-B $ 33,867,158 $ 186,747 $ 969,276 City Pooled Funds total A+B $ 68,458,709 $ 226,695 $ 2,190,680 Funds Held with Fiscal Bond funds: 2017 Pier Project $ 366 $ 366 $ 964 4 Agent Wilmington Trust
Funds Held with Fiscal Bond funds: 2017 CREB's 218 218 737 4 Agent Wilmington Trust Project
CaIPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Various managed $ 5,500,858 $ - $ 496,152 5 Trust Account byCaIPERS
TOTAL,Cash and Investments at June 30,2024: $ 82,109,131 $ 231,950 $ 2,838,191 TOTAL for City Managed Portfolio,Cash and Investments: $ 76,607,689 $ 231,366 $ 2,340,338 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
***OPEB 4th quarter interest earnings not reported as of 8/9/24 Council Agenda 8-20-2024 9.C-3
Attachment 2
CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
June 30, 2024
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
06/12/24 Purchase Beal Bank Plano, Texas $ 245,000 06/12/24 Purchase Beal Bank Las Vegas, Nevada 245,000 Total $ 490,000
SALES, MATURITIES, CALLS OR WITHDRAWALS
No Activity $ -
Total $ -
ACTIVITY TOTAL $ 490,000
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments $ 4,671
POOLED INVESTMENTS
Interest Earned on Investments $ 39,948
TOTAL INTEREST EARNED $ 44,619
Data Source: Monthly Download of Transactions from US Bank Council Agenda 8-20-2024 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: 6/30/2024 Beginning Ending
Bank Account Description Bank ID Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Checking US Bank $32,115,163 $ 3,758,479 $ (6,824,952) $ 44,907 $ (490,000) $ 28,603,597 LAIF LAIF 5,263,562 - 5,263,562
Total all Bank Accounts $37,378,724 $ 3,758,479 $ (6,824,952) $ 44,907 $ (490,000) $ 33,867,158 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Fund
General Fund 1001-10101 10,219,008 (110,249) (2,441,742) 7,667,017 General Fund-Reserve 1001-10105 426,401 (421,677) - 4,723.48 Half Cent Sales Tax Fund 1002 2,019,635 138,800 2,158,435 Special Revenue Funds
Gas Tax Fund 2001 281,501 39,587 321,088 LTF-Streets 2002 319,058 (62) 318,996 PEG Access Fund 2003 104,001 (321) 103,680 Police Grant Fund 2004 122,453 (15,210) 107,243 Housing In Lieu Fund 2005 117,178 42 (1,125) 116,095 LBID Fund 2006 2,536,293 214,529 (238,206) 2,512,616 Chapman House 2007 60,501 277,531 (271,618) 66,415 Capital Projects Funds
Capital Projects Fund 3001 789,794 2,911,486 (2,775,196) 926,084 Public Facilities Fund 3002 898 - 898 Park Development Fund 3003 354,234 17,864 - - 372,098 Circulation Fund 3101 562,892 12,347 - - 575,239 Development Impact Fee Fund 3102 191,889 (50,425) - - 141,464 Developer Impact Fee Fund 3103 171,005 - - 171,005 Underground Utility Fund 3201 16,906 - - 16,906 Council Agenda 8-20-2024 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: 6130/2024 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance Debt Service Funds
Public Finance Authority Fund 4001
Public Finance Authority Fund 4002
Freeway Foothills AD Fund 4101 782 - 782 Spyglass AD Fund 4102 13,022 13,022
Indio-El Portal AD Fund 4112 756 - 756 Visalia Street AD Fund 4113 6,000 391 - 6,391 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 6,225,382 355,381 (198,304) 6,382,459 Water Construction Fund 6103 854,300 22,888 (22,884) 854,304 Water Expansion Fund 6104 948,286 9,773 - 958,059 Wastewater Enterprise Fund 6201 1,191,937 (33,189) (288,577) 870,171 Wastewater Construction Fund 6202 1,682,299 25,484 (18,933) 1,688,851 Wastewater Expansion Fund 6203 2,139,046 8,823 - 2,147,869 LTF-Transit Fund 6301 28,898 - 28,898 Pier Operations Fund 6401 5,183 42,643 (44,464) 3,361 Parking Fund 6501 921,093 (594,631) (225,336) 101,125 Internal Service Funds
Technology Service Fund 7101 103,467 122,245 (93,271) 132,440 Motor Vehicle Fund 7201 3,112,726 132,275 (210,971) 3,034,030 Trust&Agency Funds
SLO County TMD 8201 154,886 166,594 (154,918) 166,561 Control Funds
Payroll Control Fund 9301 1,284,627 1,339 77,261 1,363,227 Interest Control Fund 9302 232,433 123,647 - 356,080 Utility Billing Control Fund 9304 179,955 (1,175) (12) 178,769 WR Control Fund 9305 -
Total all cash funds 37,378,725 3,396,729 (6,908,296) - - 33,867,158 Council Agenda 8-20-2024 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: 6/30/2024 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 0 0
General Fund-CD's 1001-10404 6,460,033 6,460,033 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 Ag(1002-10405 500,000 500,000 GF-Half Cent Sales Tax Mny Mk 1002-10108 0 0
GF Reserve Money Mkt Cash 1001-10109 0 0
GF Reserve-CD's 1001-10403 3,182,967 490,000 3,672,967 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 E 1001-10146 298,000 298,000 GF Reserve-Risk Mgmt-CD's 1001-10407 150,000 150,000 GF Reserve-Risk Mgmt-Fed Ac 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 897,022 897,022 GF Municipal Bonds Reserve 1001-10143 1,018,013 1,018,013 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 6,003,991 6,003,991 Special Revenue Funds
Housing In Lieu-Mny Mkt Csh 2005-10108 (0) (0) Housing In Lieu Fund 2005-10404 385,000 385,000 Housing In-Lieu Fed Agencies 2005-10405 140,000 140,000 Housing In-Lieu Treasury Note 2005-10410 - - 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 8-20-2024 9.C-7
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: 6130/2024 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance
INVESTMENTS
Debt Service Funds
Public Fin Fiscal Agent-Pier 4002-10510 117,306 (116,940) - 366 Public Fin Fiscal Agent-CREBs 4002-10515 69,715 (69,497) 218 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 735,000 - 735,000 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 1,000,000 1,000,000 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 1,000,000 1,000,000 Parking Enterprise Money Mrkt 6501-10108 (0) (0) Parking Fund Corp Bond-Pooled 6501-10141 500,000 - 500,000 Parking Enterprise 6501-10404 1,225,000 - 1,225,000 Parking Fund Federal Agencies 6501-10405 1,750,000 1,750,000 Parking Fund Treasury Note 6501-10410 - - 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 5,500,858 5,500,858 Total all Investments $47,938,411 $ 303,563 $ $ $ - $ 48,241,973 Total all Funds $85,317,135 $ 3,700,292 $ (6,908,296) $ $ - $ 82,109,131 Council Agenda 8-20-2024 9.C-8