WB
PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.0
Meeting Date: December 3, 2024
TITLE:
Monthly Investment Transaction Report of the City's Cash and Investments for October 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 October 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 October 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 October 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 12-3-2024 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 October Earned Ending
Investment Name Name of Institution Type of Investment Rate Book Value 2024 10/31/2024 Data Sources General Fund Reserves US Bank CDs/GASs/Corp/ 2.41%avg 6,835,967 $ 17,677 $ 62,387 1 Muni Bonds
City Pooled Funds-A US Bank CDs/GASs/Corp 2.28%avg 23,710,538 59,560 422,121 1 Bonds/Muni Bonds
Total All Securities $ 30,546,505 $ 77,237 $ 484,508 City Pooled Funds-B US Bank Custody 0,00% $ . $ 21,570 $ 27,876 1 City Pooled Funds-B Local Agency Invest. State Investment 4.71% 401,798 75,425 2 Fund(LAIF) Pool
City Pooled Funds-B PFM Asset Mgmt JPA Investment Pool 5,03% 34,175,040 113,515 175,039 3 CAMP
City Pooled Funds-B US Bank Checking&Sweep 4.45% 13,668,320 76,836 356,687 4 City Pooled Funds-B $ 48,245,159 $ 211,922 $ 635,027 City Pooled Funds total A+B $ 71,955,697 $ 271,482 $ 1,057,148 Funds Held with Fiscal Bond funds: 2017 Pier Project $ 404 $ 2 $ 38 5 Agent Wilmington Trust
Funds Held with Fiscal Bond funds: 2017 CREB's 241 1 23 5 Agent Wilmington Trust Project
CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Trust Various managed by $ 5,781,483 $ $ 436,172 6 Account CalPERS
TOTAL,Cash and Investments at October 31,2024: $ 84,573,791 $ 289,161 $ 1,555,768 TOTAL for City Managed Portfolio,Cash and Investments: $ 78,791,664 $ 289,158 $ 1,119,535 Notes:
*Data Sources for Book Values and Actual Interest Earned:
1 =Monthly investment statement from US Bank
2=Monthly statement from Local Agency Investment Fund
3=Monthly statement from PFM Asset Management LLC
4=Monthly reconciled bank statement from US Bank
5=Monthly statement from Wilmington Trust
6=Monthly statement from CalPERS Benefit Trust Account
Council Agenda 12-3-2024 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
October 31, 2024
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
No Activity $ -
Total $ -
SALES, MATURITIES, CALLS OR WITHDRAWALS
10/01/24 Matured California State GO Bonds $ 585,655 Total $ 585,655
ACTIVITY TOTAL $ (585,655)
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments $ 17,677
POOLEDINVESTMENTS
Interest Earned on Investments $ 59,560
TOTAL INTEREST EARNED $ 77,237
Data Source: Monthly Download of Transactions from US Bank Council Agenda 12-3-2024 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: 10/31/2024 Beginning Ending
Bank Account Description Bank ID Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Checking US Bank $21,071,634 $ 5,659,078 $ (3,659,309) $ 596,917 $(10,000,000) $ 13,668,320 LAIF LAIF 326,373 75,425 - 401,798 PFM Asset Management LLC CAMP 24,061,525 113,515 - 10,000,000 34,175,040 Total all Bank Accounts $45,459,532 $ 5,848,019 $ (3,659,309) $10,596,917 $(10,000,000) $ 48,245,159 Beginning Ending
Fund Description Fund# Balance Cash Receipts Disbursements Transfers-In Transfers-Out Balance General Fund
General Fund 1001-10101 14,228,470 1,841,481 (1,592,711) 14,477,241 General Fund-Reserve 1001-10105 1,068,804 282,877 1,351,681.47 Half Cent Sales Tax Fund 1002 2,704,302 43,085 2,747,387 Special Revenue Funds
Gas Tax Fund 2001 302,389 45,615 - 348,004 LTF-Streets 2002 396,260 50,113 446,373 PEG Access Fund 2003 113,008 1,219 - 114,226 Police Grant Fund 2004 61,665 109,227 - 170,892 Housing In Lieu Fund 2005 95,127 3,588 98,716 LBID Fund 2006 3,212,147 120,323 (24,760) 3,307,710 Chapman House 2007 17,405 (131) (2,000) - 15,274 Capital Projects Funds
Capital Projects Fund 3001 3,792,688 908,021 (1,424,526) 3,276,183 Public Facilities Fund 3002 908 13 - 921 Park Development Fund 3003 381,445 11,235 392,680 Circulation Fund 3101 575,732 14,592 590,324 Development Impact Fee Fund 3102 161,033 13,372 (3,655) - 170,750 Developer Impact Fee Fund 3103 172,925 2,453 - 175,378 Underground Utility Fund 3201 17,096 242 - 17,338 Council Agenda 12-3-2024 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: 10/31/2024 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 791 11 802 Spyglass AD Fund 4102 13,168 187 13,355 Indio-El Portal AD Fund 4112 765 11 776 Visalia Street AD Fund 4113 7,633 548 8,182 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 6,131,847 1,115,122 (135,124) 7,111,845 Water Construction Fund 6103 1,069,832 13,873 (60) 1,083,645 Water Expansion Fund 6104 977,379 23,283 - 1,000,662 Water Central Coast Blue JPA 6105 30,705 822 - 31,527 Wastewater Enterprise Fund 6201 (502,488) 1,479,341 (169,546) - 807,307 Wastewater Construction Fund 6202 1,838,910 31,862 (6,911) - 1,863,861 Wastewater Expansion Fund 6203 2,185,536 47,061 - - 2,232,597 Wastewater CCB JPA 6204 62,342 1,669 - - 64,010 LTF-Transit Fund 6301 - - -
Pier Operations Fund 6401 (4,223) 7,090 (4,806) (1,939) Parking Fund 6501 1,626,353 166,416 (51,973) 1,740,797 Internal Service Funds
Technology Service Fund 7101 15,391 113,872 (54,318) 74,945 Motor Vehicle Fund 7201 2,778,983 167,545 (161,799) 2,784,729 Trust&Agency Funds
SLO County TMD 8201 241,791 65,046 (241,721) 65,116 Control Funds
Payroll Control Fund 9301 1,110,241 987 188,337 1,299,566 Interest Control Fund 9302 404,186 (213,834) - 190,352 Utility Billing Control Fund 9304 168,984 2,962 171,946 WR Control Fund 9305 - - -
Total all cash funds 45,459,532 6,471,198 (3,685,572) - - 48,245,159 Council Agenda 12-3-2024 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: 10/31/2024 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 5,480,033 5,480,033 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 3,427,967 3,427,967 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 1 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 290,655 (290,655) (0) GF Municipal Bonds Reserve 1001-10143 245,000 (245,000) 0 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 - -
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 12-3-2024 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: 10/31/2024 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 402 2 404 Public Fin Fiscal Agent-CREBs 4002-10515 240 1 241 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 -
Water Construction Money Mkt 6103-10108 (0) (0) Water Construction 6103-10404 504,363 504,363 Wastewater Fund Money Market 1 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 - - 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 1,000,000 1,000,000 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 250,000 250,000 CalPers Benefit Trust
OPEB Trust Account 8101-10408 5,781,483 5,781,483 Total all Investments $36,914,285 $ (585,653) $ - $ - $ - $ 36,328,633 Total all Funds $82,373,817 $ 5,885,546 $ (3,685,572) $ - $ - $ 84,573,791 Council Agenda 12-3-2024 9.C-7