G\T Y OF
PISMO BEACH CITY COUNCIL STAFF REPORT
.o�s'yo Bt Agenda Item #9.0
Meeting Date: October 1, 2024
TITLE:
Monthly Investment Transaction Report of the City's Cash and Investments for August 2024 of Fiscal Year 2025
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 August 31, 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 August 31, 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 August 31, 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 Prepared by: Vanessa Garris, Finance Manager
Submitted by: Nadia Feeser, Administrative Service Director / City Treasurer City Manager Approval:
Council Agenda 10-1-2024 9.C-1
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 August Earned Ending
Investment Name Name of Institution Type of Investment Rate Book Value 2024 8/31/2024 Data Sources General Fund Reserves US Bank CDs/GASs/Corp/ 2.07%avg 7,375,967 $ 7,160 $ 22,407 1 Muni Bonds
City Pooled Funds-A US Bank CDs/GASs/Corp 3.00%avg 33,250,184 49,210 94,350 1 Bonds/Muni Bonds/
US Treasury Note
Total All Securities $ 40,626,151 $ 56,370 $ 116,757 City Pooled Funds-B US Bank Custody 0.00% $ . $ 141 $ 215 1 City Pooled Funds-B Local Agency Invest, State Investment 4.55% 15,326,373 2 Fund Pool
City Pooled Funds-B US Bank Checking&Sweep 4.89% 18,718,800 97,577 211,390 3 City Pooled Funds-B $ 34,045,172 $ 97,718 $ 211,605 City Pooled Funds total A+B $ 67,295,357 $ 146,928 $ 305,955 Funds Held with Fiscal Bond funds: 2017 Pier Project $ 401 $ 2 $ 35 4 Agent Wilmington Trust
Funds Held with Fiscal Bond funds: 2017 CREB's 239 1 21 4 Agent Wilmington Trust Project
CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Various managed by $ 5,346,513 $ $ 5 Trust Account CalPERS
TOTAL,Cash and Investments at August 31,2024: $ 80,018,476 $ 154,091 $ 328,417 TOTAL for City Managed Portfolio,Cash and Investments: $ 74,671,324 $ 154,088 $ 328,362 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
Council Agenda 10-1-2024 9.C-2
Attachment 2
CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
August 31, 2024
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
No Activity $ -
Total $ -
SALES, MATURITIES, CALLS OR WITHDRAWALS
08/01/24 Matured La Canada California $ 571,288 08/01/24 Matured Palm Springs GO Bonds 808,091 08/23/24 Matured Raymond James Bank 245,000
08/28/24 Matured Washington Federal Bank 245,000 08/30/24 Matured First National Bank Syracuse 245,000 Total $ 2,114,380
ACTIVITY TOTAL $ (2,114,380)
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments $ 7,160
POOLED INVESTMENTS
Interest Earned on Investments $ 49,210
TOTAL INTEREST EARNED $ 56,370
Data Source: Monthly Download of Transactions from US Bank Council Agenda 10-1-2024 9.C-3
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: 8131/2024 Beginning Ending
Bank Account Description Bank ID Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Checking US Bank $28,846,416 $ 6,225,437 $ (8,514,564) $ 2,161,511 $(10,000,000) $ 18,718,800 LAIF LAIF 5,326,373 - 10,000,000 15,326,373 Total all Bank Accounts $34172,788 $ 6,225,437 $ (8,514,564) $ 2,161,511 $ $ 34,045,172 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Fund
General Fund 1001-10101 4,955,097 5,011,276 (2,410,574) 7,555,799 General Fund-Reserve 1001-10105 19,984 777,243 - 797,227.29 Half Cent Sales Tax Fund 1002 2,160,537 1,357 - 2,161,894 Special Revenue Funds
Gas Tax Fund 2001 357,512 42,486 - 399,999 LTF-Streets 2002 318,928 44,766 - 363,693 PEG Access Fund 2003 103,305 8,903 - 112,209 Police Grant Fund 2004 91,610 (23,173) - 68,437 Housing In Lieu Fund 2005 115,941 36 (4,275) 111,702 LBID Fund 2006 2,737,950 392,833 (142,419) 2,988,364 Chapman House 2007 90,093 10,910 (61,414) - - 39,589 Capital Projects Funds
Capital Projects Fund 3001 5,436,589 46,869 (2,144,111) - - 3,339,347 Public Facilities Fund 3002 898 - 898 Park Development Fund 3003 371,600 9,132 - 380,732 Circulation Fund 3101 567,282 7,147 - - - 574,429 Development Impact Fee Fund 3102 142,385 11,312 - 153,697 Developer Impact Fee Fund 3103 171,005 - 171,005 Underground Utility Fund 3201 16,906 - - - - 16,906 Council Agenda 10-1-2024 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: 8131/2024 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-EI Portal AD Fund 4112 756 - 756 Visalia Street AD Fund 4113 6,769 391 7,160 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 4,944,979 514,108 (623,938) 4,835,150 Water Construction Fund 6103 859,479 2 859,481 Water Expansion Fund 6104 958,059 9,624 - 967,683 Water Central Coast Blue JPA 6105 565 27,492 (825) 27,232 Wastewater Enterprise Fund 6201 672,349 408,901 (2,716,932) (1,635,682) Wastewater Construction Fund 6202 1,686,210 13,631 (11,317) 1,688,524 Wastewater Expansion Fund 6203 2,147,869 15,634 - 2,163,503 Wastewater CCB JPA 6204 1,146 55,817 (1,675) 55,288 LTF-Transit Fund 6301 28,898 - 28,898 Pier Operations Fund 6401 (4,494) 4,512 (7,528) (7,510) Parking Fund 6501 109,456 369,095 (78,605) 399,946 Internal Service Funds
Technology Service Fund 7101 81,584 118,790 (128,129) 72,244 Motor Vehicle Fund 7201 3,000,331 119,857 (66,744) 3,053,444 Trust&Agency Funds
SLO County TMD 8201 232,900 300,892 (237,318) 296,474 Control Funds
Payroll Control Fund 9301 1,058,410 1,128 103,819 1,163,357 Interest Control Fund 9302 532,704 97,577 - 630,281 Utility Billing Control Fund 9304 183,392 5,822 189,213 IWR Control Fund 9305 -
Total all cash funds 34,172,788 8,404,369 (8,531,985) 34,045,172 Council Agenda 10-1-2024 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: 8/31/2024 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 (735,000) 5,725,033 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 3,672,967 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 (606,367) 290,655 GF Municipal Bonds Reserve 1001-10143 1,018,013 (773,013) 245,000 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 10-1-2024 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: 8/31/2024 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 399 2 401 Public Fin Fiscal Agent-CREBs 4002-10515 238 1 239 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 5,540,572 (194,059) 5,346,513 Total all Investments $48,281,741 $ (2,308,436) $ - $ - $ - $ 45,973,304 Total all Funds $82,454,529 $ 6,095,933 $ (8,531,985) $ - $ - $ 80,018,476 Council Agenda 10-1-2024 9.C-7