City ci d
Finance Department - Treasury Division
MEMORANDUM
To: Mayor and Members of the City Council
From: Delmy Cuellar, Director of Finance
Jerry Chak, Accounting Manager
Date: November 1, 2022
Subject: MONTHLY CASH BALANCES & INVESTMENT REPORT =
September 2022
Enclosed for your information are the Investment Report, Portfolio Summary, and Comparative Cash Report for the month of September 2022 prepared by the City Treasurer pursuant to the statutory requirements of City of Richmond
Investment Report for September 2022
Pooled Investment Portfolio Analysis
UNAUDITED
Book Value History
Investment Composition: (in millions)
Book Value of Investments Held 211,807,985.47 $250.0
Market Value of Investments Held 211,807,985.47
$224.1
Unrealized Gain (Loss) - amount $203.6$206.1 $211.0$211.8
0.00% $200.0 $198.9
Unrealized Gain (Loss) - percentage
$152.4 5138, 45145., 156. 5164.65.66.653164.1
$150.0
Book Value
Federal Agency Securities 0.00% $100.0
JPFA Pooled Investment (CalTrust -
Short Term Fund) 64.59% 136,808,581.95
35.41% $50.0
Local Agency Investment Fund (LAIF) 74,999,403.52 -
Certificates of Deposit 0.00%
Total Investments Held 100.00% 211,807,985.47 $0.0
Book Value by Investment Type
LAIF
Cash Summary: 74,999,403.52
35% Certificates of Deposit
Pooled Investments (Unrestricted) 211,807,985.47
Fiscal Agent & Other Restricted Investments:
City 22,463,346.96
Successor Agency to the RCRA 14,368,586.41/ Federal Agency Securities
Total Fiscal Agent & Other Investments 36,831,933.37
0%
Checking Accounts & Other Activity 46,693,689.41 • Federal Agency Securities Total Cash Balance (Fund detail attached) 295,333,608.25 • Money Market,
• LAIF
Money Market!
136,808,581.95 • Certificates of Deposit
65%
City of Richmond
*SymPro City of Richmond Finance Department
450 Civic Center Plaza
Portfolio Management Richmond, Richmond, CA 94804
Portfolio Summary (510)620-6740
September 30, 2022
Par Market Book % of Days to YTM/C YTM/C
Investments Value Value Value Portfolio Maturity 360 Equiv. 365 Equiv.
Local Agency Investment Funds 74,999,403.52 / 74,999,403.52 74,999,403.52 35.41 1.492 1.513 JPA Pooled Investments (CalTrust) 136,808,581.95 136,808,581.95 136,808,581.95 64.59 3.340 3.386 -
211,807,985.47 211,807,985.47 211,807,985.47 100.00% 2.686 2.723 Investments
Cash
(no included in yield calculations) 11,033,923.73 11,033,923.73 11,033,923.73 0.000 0.000 Total Cash and Investments 222,841,909.20 222,841,909.20 222,841,909.20 2.686 2.723 Total Earnings September 30 Month Ending
Current Year 414,482.03
Average Daily Balance 227,167,860.15
Effective Rate of Return 2.22%
The above investments are consistent with the City's Investment Policy and allowable under current legislation of the State of California. Investments were selected using safety, liquidity and yield as the criteria. The source of the market values for the investments are provided by Union Bank of California in accordance with the California Government Code requirement. The City has sufficient cash flow to cover anticipated expenditures through the next six months.
POweller 10/18/22
Delmy Cuellar, Director of Finance
Reporting period 09/01/2022-09/30/2022 Portfolio CITY
CP
Run Date: 10/07/2022 - 14:26 No fiscal year history available IE (PRF_PM1) 7.3.11 Report Ver. 7.3.11
City of Richmond
Portfolio Management Page 1
Portfolio Details - Investments
September 30, 2022
Average Purchase Stated VT3G Maturio Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Local Agency Investment Funds
11-07-003 200676 L.A..F.- TRAN 0.00 0.278
98-07-724 1000 LALF. - Cily of Richmond 74,999,403.52 74,999,403.52 74.99,403.52 1.513 Subtotal and Average 74,999,403.52 74,999,403.52 74,999,403.52 ; 74,999,403.52 1.513 JPA Pooled Investments (CalTrust)
SYS200595 200595 Torrey Pines/Alta Alliance 0.00 0.00 0.00 0.200 0.203 SYS200602 200810 CALTRUST TRAN 0.00 0.00 0.00 0.510 0.517 SYS200601 200601 Cal Trust 136,808,581.95 136,808,581.95 136,808,581.95 3.340 3.386 1601111894 200581 Wells Fargo Bank 0.00 0.00 0.00 0.100 0.101 431114503 200534 Union Bank of Calif - Safekeep 07/01/2015 0.00 0.00 0.00
0.000
Subtotal and Average 137,154,266.12 136,808,581.95 / 136,808,581.95 / 136,808,581.95 3.386 Total and Average 227,167,860.15 211,807,985.47 211,807,985.47 / 211,807,985.47 2.723 Portfolio CITY
CP
Run Date: 10/07/2022 - 14:26
PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management Page 2
Portfolio Details - Cash
September 30, 2022
Average Purchase Stated YTM/C Days to
CUSIP Investment# Issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Cash In Banks
SYS200723 200723 Mechanics Bank 11,033,923.73 11.033,923.73 11,033,923.73 0.000 Average Balance 0.00
Total Cash and Investments 227,167,860.15 222,841,909.20 222,841,909.20 222,841,909.20 2.723 Portfolio CITY
CP
Run Date: 10/07/2022 - 14:26 PM (PRF_PM2) 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Investments Page 1
September 30, 2022
Stated Maturity Purchas YTM/C YTM/C Payment Accrued Current CUSIP Investment# Issuer Par Value Rate Date 360 365 Dates Interest Principal Book Value Local Agency Investment Funds
11-07-003 200676 L-TRAN 0.00 0.278 0.274 0.278 11/30 - Quarterly 0.00 0.00 98-07-724 1000 LAIF 74.999 403.52 1.513 1.492 1.513 07/01 - Quarterly 74,999,403.52 74,999.403.52
Local Agency Investment Funds Totals 74.999.403.52 1.492 1.513 0.00 74,999,403.52 74,999,403.52 JPA Pooled Investments (CalTrust)
SYS200595 200595 ALTA 0.00 0.200 0.200 0.203 07/01 - Monthly 0.00 0.00 SYS200602 200810 CALTR- 0.00 0.510 0.510 0.517 12/01 - Monthly 0.00 0.00 SYS200601 200601 CALTRU 136,808,581.95 3.340 3.340 3.386 07/01 - Monthly 136,808,581.95 136,808,581.95 1601111894 200581 GRBAY 0.00 0.100 0.100 0,101 07/01 - Monthly 0.00 0.00 431114503 200534 UBOC 0.00 07/01/2015 0,000 0.000 08/01 - Monthly
0.00 0.00
JPA Pooled Investments (CalTrust) Totals 136,808,581.95 3.340 3.386 0.00 136,808,581.95 136,808,581.95 Investment Totals 211,807,985.47 2.686 2.723 0.00 211,807,985.47 211,807,985.47 Portfolio CITY
CP
Run Date: 10/07/2022 - 14:26 PM (PRF PMS) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Cash
September 30, 2022
Stated Maturity Purchas YTM/C YTM/C Payment Accreed Current CUSIP Investment# Issuer Par Value Rate Date Dates Interest Principal Book Value Cash In Banks
SYS200723 200723 MECHBK 11.033,923.73 0.000 0.000 07/31 - Monthly 11,033,923.73 11,033,923.73 Cash Totals 11,033,923.73 0.00 11,033,923.73 11,033,923.73 Total Cash and Investments 222,841,909.20 2.686 2.723 0.00 222,841,909.20 222,841,909.20 Portfolio CITY
CP
Run Date: 10/07/2022 - 14:26 PM (PRF_PMS) 7.3.11
CITY OF RICHMOND
CASH BALANCES BY FUND
COMPARATIVE REPORT - SEPTEMBER 2021 AND SEPTEMBER 2022.
SEPTEMBER 2021 SEPTEMBER 2021 SEPTEMBER 2022 SEPTEMBER 2022 FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
GENERAL FUND
0001 GENERAL FUND 27,366,151.43 63,227,342.49
General Fund Total 27,366,151.43 63,227,342.49 131.0%
SPECIAL REVENUE FUNDS
1001 SECURED PENSION OVERRIDE (11,650,748.42) (17,350,989.00) 1002 STATE GAS TAX 670,118.22 670,223.56
1003 TRANSPORTATION OPERATIONS 332,285.93 (137,046.62)
1004 ASSET SEIZURE FUND 319,504.56 313,595.46
1005 LIBRARY FUND 384,088.77 413,620.74
1006 OUTSIDE FUNDED SVCS - GRANTS (343,407.61) 2,123,842.93 1007 EMERGENCY MED SERV 356,753.36 455,386.59
1008 PT MOLATE SEC & MAINT
1009 VEOLIA MITIGATION 256,659.55 282,580.25
1010 N.RICHMOND WASTE (106,047.85) (211,495.76)
1011 OUTSIDE FUNDED SVCS - DONATION 6,721.30 6,744.67
1012 HILLTOP LANDSCAPE MAINT DIST 184,129.47 305,358.54 1013 HAZMAT FUND (2,388.07) (6,208.88)
1014 EDA GRANT FUND
1015 MARINA BAY LNDSCP & LIGHT DIST 835,504.90 608,265.17 1016
1017 CHEVRON MODERNIZATION PROJECT 15,328,632.70 15,887,438.15 1018 RENT CONTROL 2,568,004.26 2,255,154.69
1019 GAS TAX SEC 201 2,903,428.99 3,390,810.98
1050 CR-PLANNING & BUILDING 5,903,608.82 10,504,920.05
1051 CR-ENGINEERING (2,931,904.89) (2,856,496,89)
1053 CR-CODE ENFORCEMENT (211,677.83) (185,139.83)
1054 ENGINEERING GRANTS (2,070,238.23) (5,460,237.68)
1055 ENCROACHMENT SERVICES 1,693,703.30 2,253,729.83
1056 RENT CONTROL
1200 HOUSING ADMINISTRATION 61,669.32 833,615.85
1201 CDBG 1,493,380.28 1,274,107.87
1202 HOME PROGRAM 893,429.50 417,743.38
1203 NEIGHBORHOOD STABILIZATION 123,019.12 75,685.57
1204 COBG RECOVERY
1205 EMPLOYMENT & TRAINING 1,636,148.13 580,482.47
1206 CDBG HOMELESS PREV RAPID RESP
1207 COR-NEIGHBORHOOD STAB(CITY) (100,185.10) (103,643.27) 1208 SUCCESSOR HOUSING AGENCY 1,686,647.67 2,282,639.69 1209 CAL-HOME GRANT FUND 754,392.07 994,424.97
1302 HOUSING IN LIEU 2,864,485.66 2,581,387.79
1303 KIDS FIRST 625,945.53 2,474,851.66
1304 EMERGENCY RECOVERY (230,651.71) (71,366.12)
1305 PUBLIC ART 643,183.08 1,494,660.69
1306 ARPA 13,870,361.50 27,259,330.57
Special Revenue Funds 38,748,556.28 53,447,978.07 38%
CAPITAL PROJECT FUNDS
2001 GENERAL CAPITAL FUND 2,981,262.01 2,571,512.88
2002 MEASURE J 1271,018.32 2,342,313.56
CIP LSE REV BOND 01
CIVIC CENTER : :
PARKS FUND
HARBOR FUND
TRANSPORTATION FUND
STATE HIGHWAY FUND
IMPACT FEE - PARKS 166,934.45 161,193.20
IMPACT FEE - TRAFFIC 1,339,240.36 975,797.26
IMPACT FEE - FIRE 175,853.25 84,851.00
IMPACT FEE - POLICE 577,556.21 583,488.58
IMPACT FEE - COMM/AQUATC 506,445.52 531,764.77
IMPACT FEE - PARKS/OPEN 2,882,774.21 3,037,321.56
2117 IMPACT FEE - LIBRARY 1,646,952.93 1,687,163.47
2118 IMPACT FEE - HILLTOP 31,562.27 31,672.00
2119 IMPACT FEE - STORM DRAINAGE 792,769.49 811,374,73
2120 IMPACT FEE - WASTEWATER 2,639,383.37 2,172,393.65
2125 SECTION 108 IRON TRIANGLE 286,687.59 259,770.88
2126 HOUSING CIP FUND (166,431.90) (166,431.90)
Capital Project Funds Total 15,177,467.56 15,129,803.18 -0.3% Cash Bal by FUND September 2022, page 1 of 3 10/14/2022 SEPTEMBER 2021 SEPTEMBER 2021 SEPTEMBER 2022 SEPTEMBER 2022 FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
DEBT SERVICE FUNDS
3001 DS - 2005 TAXABLE POB 1,044,834.86 (17,112.31)
3002 DS - 99A PENSION OBLIG BOND 260,357.86 85,908.24
3003 DS - 95A SER REV REDG BDS
3005 DS-2007 REFNDING&CVC CTR 1,554,674.88 1,424,164.08 Debt Service Funds Total 2,859,867.60 1,492,660.01 -47.8%
ENTERPRISE FUNDS
4001 PORT OF RICHMOND 9,527,879.51 12,554,736.88
4003 WASTEWATER 43,495,319.63 31,901,226.46
4005 MARINA 4,200,642.65 4,468,535.79
4006 STORMWATER 546,138.87 1,215,302.99
4007 UTL-ENCROC
4008 KCRT - CABLE TELEVIS 697,234.11 686,395.56
4009 PARKING AUTHORITY
4101 RHA-HING CHOICE VOUCHER-SEC 8 (2,046,645.06) 727,115.75 4102 RHA-HOPE 6 275,141.12 275,141.12
4103 RHA-PROJECT REAL (33,203.52) (33,203.52)
4201 RHA-CAPITAL FUND 497,434.91 70,023.85
4401 RHA-HACIENDA 1,316,773.97 1,294,257.49
4402 RHA-FRIENDSHIP MANOR (14,439,98) (14,439.98)
4403 RHA-TRIANGLE COURT (73,168.83) (73,168.83)
4404 RHA-NEVIN PLAZA 2,020,712.38 943,809.97
4405 RHA-NYSTROM VILLAGE 3,154,987.79 1,813,282.40
4406 RHA-RICHMOND VILLAGE ONE 66,665.44 56,654.41
4407 RHA-RICHMOND VILLAGE TWO 91,194.00 91,194.00
4408 RHA-RICHMOND VILLAGE THREE 5,926.00 5,926.00
4409 RHA-LOCAL FUND 19,892.40 19,892.40
4501 RHA-CENTRAL OFFICE COST CNTR (2,711,987.83) (2,731,757.27) 4502 RHA - HSG CORP 4,758.87 144,676.54
Enterprise Funds Total 61,041,236.43 53,415,602.01 -12.5%
INTERNAL SERVICE FUNDS
5001 INSURANCE RESERVES 47,291,058.39 46,101,243.09
5002 INFORMATION TECHNOLOGY
5003 EQUIPMENT SERVICES 1,144,120.42 3,768,880.00
5004 FACILITIES MANAGEMENT
5005 CAD DISPATCH SYSTEM : :
5006 RMS RECORDS SERVICES
5007 800 MHZ TELECOM SYSTEM
5008 COMP ABSENCES 1,032,236.44 612,827.76
Internal Service Funds Total 49,467,415.25 50,482,950.85 2.1%
TRUST & AGENCY FUNDS
6001 GENERAL TRUST & AGENCY 833.38 836.27
6002 JOHNSON TRUST 10,768.78 10,806.23
6003 CUBA FRIENDSHIP -
6004 COMMISSION ON AGING 39,321.13 38,081.80
6005 SEAVER GALLERY TRUST FUND 139,468.03 287,999.03
6006 POLICE GENERAL TRUST 2,590,202.74 2,675,824.80
6007 SENIOR TRUST DEPOSIT 62,125.21 63,833.08
5047 CALPERS CERT ACCT 6,608,133.41 7,461,621.42
6048 OPE PL FUND 33,760,870.86 31,855,289.84
5049 PT MOLATE NAVY GRANT 2,198,892.04 1,458,784.95
6050 GENERAL PENSION FUND 995,088.67 1,158,541.51
6051 POLICE & FIRE PENSION 9,376,627.46 8,031,754.94
6052 GARFIELD PENSION FUND 236,505.76 209,746.81
6053 JPFA: 99 REV REFUND
6054 CUTTING CANAL A.D. 8 : :
6055 HILLTOP REDEMPTION F
6056 SAN PABLO 854 ASSES 264,867.65 265,788.50
6057 HARBOR NAVIGATION IM 178,695.75 179,316.99
6058 MARINA WESTSHORE DEB 790,823.25 792,072.34
6059 COUNTRY CLUB VISTA 1,028,619.24 333,911.75
6060 REASSESSMENT DISTRICT 2003-1 1,846,142.93 1,852,561.13 6061 REGLA CITY 1,080,12 326.12
6062 SHIMADA CITY 14,594.81 14,746.41
6064 ZHOUSHAN FRIENDSHIP COM. 1,288.71 2,288.71
6999 PAYROLL LIABILITIES FUND (16,951,831.15) (14,646,607.19) Trust & Agency Funds Total 43,193,118.78 42,047,525.44 -2.7%
SUCCESSOR AGENCY -FIDUCIARY FUNDS
6101 SA - PROPERTY TAX TRUST FUND 1,021,386.49 475,718.68 6102 SA-ADMINISTRATION 399,559.47 294,566.68
6103 SA-CAPITAL PROJECT FUNDS 6,388,150.64 7,645,688.91 Cash Balby FUND Sepiember 2022, page 2 of 3 10/14/2022
SEPTEMBER 2021 SEPTEMBER 2021 SEPTEMBER 2022 SEPTEMBER 2022 FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL. % of Change 6104 SA-LOW/MOD INCOME HOUSING
6105 SA-WELLS FARGO 2002 LOAN
6106 EPA LN POL
6201 SA-CIP DOA TARB BND PRODS JPFA
6202 SA-CIP 0OB TARB BND PRCDS-HSNG
6203 SA-CIP 03B TARB BND PRCDS
6204 SA-CIP 04A TARB BND PRODS
6205 SA-CIP 04A TARB BND PRCDS-HSG
6206 SA-CIP 04B TARB BND PRCDS-HSG
6207 SA-CIP 07A TARB BND PRCDS
6208 SA-CIP 07B TARB BND PRCDS-HSG
6300 SA-DS HARBOR 98 TARB 1,181,096.30 1,213,372.38
6301 SA-DS 2000A TARB
6302 SA-DS 2000B TARB - HOUSING
SA-DS 2003A TARB
SA-DS 2003B TARS 656,271.09 661,303.69
6305 SA-DS 2004A TARB 2/3 1,135,056.40 1,010,484.21
SA-DS 2004A TARB -1/3 HSING 976,328.18 929,325.20
SA-DS 2004B TARB - HOUSING
6308 SA-DS 2007/10A TARB
6309 SA-DS 2007/10B TARB - HOUSING 2,066,247.81 2,135,739.73 6401 SA-DS 2014A NON-TAXABLE BONDS 1,289,937.43 1,304,571.42 6402 SA-DS 2014B TAXABLE BONDS
6403 SA-DS LOANS PAYABLE
6404 SA-DS 2021 ANTB 13,373.18 6,824.40
6405 5,330.84 2,521.16
6996 SUCCESSOR AGENCY - GLTDAG
6997 SUCCESSOR AGENCY - GFAAG : :
Successor Agency - Fiduciary Funds 15,132,737.83 15,680,116.46 3.62%
RHA CONVL FUNDS
8101 RHA CONVNL
RHA Convni Funds 0.00%
TREASURER'S FUNDS
9999 TREASURER'S FUND - 155,726.24 409,629.74
Treasurer's Fund Total 155,726.24 409,629.74 163.04%
TOTAL CASH 253,142,277.40 295,333,608.25 16.67%
Cash Bal by FUND September 2022, page 3 of 3 10/14/2022