March 1, 2022
Finance Department
DATE: March 1, 2022
TO: Mayor Butt and Members of the City Council
FROM:
Belinda Brown, Director of Finance
Delmy Cuellar, Accounting Manager
Subject:
Investment and Cash Balance Report for the Month of
January 2022
FINANCIAL IMPACT: None.
PREVIOUS COUNCIL
ACTION:
Click or tap here to enter text.
STATEMENT OF THE
ISSUE:
Staff is requesting that the City Council receive the City’s Investment and Cash Balance Report for the month of
January 2022.
RECOMMENDED ACTION:
RECEIVE the City’s Investment and Cash Balance
Report for the month of January 2022 - Finance
Department (Belinda Brown 510-620-6740).
AGENDA
REPORT
March 1, 2022
DISCUSSION:
The Investment and Cash Balance Report is a monthly report of the City’s pooled cash balance. The Portfolio Management Report represents the monthly bank balances, along with market balances of permitted investments according to the City’s Investment Policy.
Investment in the Local Agency Investment Fund (LAIF), money market, agency bonds, certificates of deposits, and corporate notes are all allowable and permitted according to the FY2021-2022 Investment Policy.
DOCUMENTS ATTACHED:
Attachment 1 – Investment and Cash Balance Report for January 2022