Let lamered
Finance Department- Treasury Division
MEMORANDUM
To: Mayor and Members of the City Council
From: Delmy Cuellar, Director of Finance
Jerry Chak, Accounting Manager
Date: December 20, 2022
Subject: MONTHLY CASH BALANCES & INVESTMENT REPORT =
October 2022
Enclosed for your information are the Investment Report, Portfolio Summary, and Comparative Cash Report for the month of October 2022 prepared by the City Treasurer pursuant to the statutory requirements of City of Richmond
Investment Report for October 2022
Pooled Investment Portfolio Analysis
UNAUDITED
Book Value History
Investment Composition: (in millions)
Book Value of Investments Held 206,018,976.93
$250.0
Market Value of Investments Held 206,018,976.93
$224,1
Unrealized Gain (Loss) - amount S203.6$206.1 $211.0$211.8$206.0 Unrealized Gain (Loss) - percentage $198.9
0.00% $200.0
$156.5$164.65166.65164.1
$150.0 $138.4$145.7
Book Value
Federal Agency Securities 0.00% $100.0
JPFA Pooled Investment (CalTrust -
Short Term Fund) 63.60% 131,019,573.41 -
$50.0
Local Agency Investment Fund (LAIF) 36.40% 74,999,403.52 - Certificates of Deposit 0.00%
Total Investments Held 100.00% 206,018,976.93 SO.0
Oct Nov Dec Jan '22 Feb Mar Apr May June July Aug Sept Oct '22 '22 '22 22 '22 22 '22
Book Value by Investment Type
LAIF
Cash Summary: 74.999.403.52
36% Certificates of Deposit
Pooled Investments (Unrestricted) 206.018.976.93
Fiscal Agent & Other Restricted Investments:
City 25,003,507.02 /
Successor Agency to the RCRA 14,378,724.92 Federal Agency Securities
Total Fiscal Agent & Other Investments 39,382,231.94
0%
Checking Accounts & Other Activity 50,025,844.83 a Federal Agency Securities Total Cash Balance (Fund detail attached) 295,427,053.70 Money Market
I LAIF
Money Market
131,019,573.41 a Certificates of Deposit
64%
City of Richmond
-SymPro City of Richmond Finance Department
450 Civic Center Plaza
Portfolio Management Richmond, Richmond, CA 94804
Portfolio Summary (510)620-6740
October 31, 2022
Par Market Book Days to YTM/C YTM/C
Investments Value Value Value Portold Term Maturity 360 Equiv. 365 Equiv.
Local Agency investment Funds 74,999,403.52 74,999,403.52 74,999,403.52 36.40 1.748 1.772 JPA Pooled Investments (CalTrust) 131,019,573.41 131,019,573.41 131,019,573.41 63.60 3.930 3.985 -
206,018,976.93 206,018,976.93 206,018,976.93- 100.00% 3.136 3.179 Investments
Cash
(not holden in ying calculations) 14,996,009.23 14,996,009.23 14.996,009.23 0.000 0.000 _ _
Total Cash and Investments 221,014,986.16 221,014,986.16 221,014,986.16 3.136 3.179 Total Earnings October 31 Month Ending
Current Year 472,683.44
Average Daily Balance 216,091,527.24
Effective Rate of Return
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.
Duellar 11/22/22
Delmy Cuellar, Director of Finance
Reporting period 10/01/2022-10/31/2022 Portfolio CITY
CP
Run Date: 11/17/2022 - 10:31 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
October 31, 2022
Average Purchase Stated
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate S&P To Maturite Maturate Date Local Agency Investment Funds
11-07-003 200676 L.A.I.F. - TRAN 0.00 0,00 0.00 0.278 0.278 98-07-724 1000 L.A.I.F. - City of Richmond 74.999.403.52 74,999,403.52 74,999.403.52 1.772 1.772 Subtotal and Average 75,040,579.19 74,999,403.52 74,999,403.52 - 74,999,403.52 1.772 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 131,019,573.41 131,019,573.41 131,019,573.41 3.930 3.985 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 129,889,215.11 131,019,573.41 131,019,573.41 131,019,573.41 3.985 Total and Average 216,091,527.24 206,018,976.93 206,018,976.93 - 206,018,976.93 3.179 Portfolio CITY
CP
Run Date: 11/17/2022 - 10:31
PM (PRF PM2) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management Page 2
Portfolio Details - Cash
October 31, 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 14,996,009.23 14,996,009.23 14,996,009.23 0.000 Average Balance 0.00
Total Cash and Investments 216,091,527.24 221,014,986.16 221,014,986.16 221,014,986.16 3.179 Portfolio CITY
CP
Run Date: 11/17/2022 - 10:31 PM (PRF_PM2) 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Investments Page 1
October 31, 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 200576 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 1.772 1.748 1.772 07/01 - Quarterly 74,999,403.52 74.999.403.52 Local Agency Investment Funds Totals 74.999.403.52 1.748 1.772 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 131,019,573.41 3.930 3.930 3.985 07/01 - Monthly 131,019,573.41 131,019,573.41 1601111894 200581 GRAY 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 131,019,573.41 3.930 3.985 0.00 131,019,573.41 131,019,573.41 Investment Totals 206,018,976.93 3.136 3.179 0.00 206,018,976.93 206,018,976.93 Portfolio CITY
CP
Run Date: 11/17:2022 - 10:31 PM (PRF_PMS) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Cash
October 31, 2022
Stated Maturity Purchas YTM/C YTM/C Payment Accrued Current CUSIP Investment# Issuer Par Value Rate 360 365 Dates Interest Principal Book Value Cash In Banks
SYS200723 200723 MECHBK 14,996,009.23 0.000 0,000 07/31 - Monthly 14,996,009.23 14,996,009.23 Cash Totals 14,986,00925 0.00 14,996,009.23 14,996,009.23 Total Cash and Investments 221,014,986.16 3.136 3.179 0.00 221,014,986.16 221,014,986.16 Portfolio CITY
CP
Run Date: 11/17/2022 - 10:31 PM (PRF_PMS) 7.3.11
CITY OF RICHMOND
CASH BALANCES BY FUND
COMPARATIVE REPORT - OCTOBER 2021 AND OCTOBER 2022
OCTOBER 2021 OCTOBER 2021 OCTOBER 2022 OCTOBER 2022
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
GENERAL FUND
0001 GENERAL FUND 24,465,855.40 63,213,299.38
General Fund Total 24,465,855.40 63.213,299.38 158.4%
SPECIAL REVENUE FUNDS
1001 SECURED PENSION OVERRIDE (10,365,782.68) (15,962,802.88) 1002 STATE GAS TAX 663,614.53 507,242.96
1003 TRANSPORTATION OPERATIONS 282,478.81 (243,282.65)
1004 ASSET SEIZURE FUND 319,823.14 314,389.32
1005 LIBRARY FUND 384,570.78 415,008.54
1006 OUTSIDE FUNDED SVCS - GRANTS (371,110.27) 1,935,383.65 1007 EMERGENCY MED SERV 357,142.34 452,983.41
1008 PT MOLATE SEC & MAINT
1009 VEOLIA MITIGATION 256,912.23 283,286.21
1010 N.RICHMOND WASTE (106,047.85) (211,554.53)
1011 OUTSIDE FUNDED SVCS - DONATION 6,727.97 6,761.75
1012 HILLTOP LANDSCAPE MAINT DIST 77,502.33 195,478.91
1013 HAZMAT FUND (2,388.07) (6,208.88)
1014 EDA GRANT FUND
1015 MARINA BAY LNDSCP & LIGHT DIST 752,295.52 628,903.65 1016
1017 CHEVRON MODERNIZATION PROJECT 15,177,135.56 15,795,265.18 1018 RENT CONTROL 2,457,271.85 2,368,811.64
1019 GAS TAX SEC 201 2,992,892.91 3,395,172.87
1050 CR-PLANNING & BUILDING 5,613,825.98 10,108,650.41
1051 CR-ENGINEERING (2,915,904.89) (2,857,996.89)
1053 CR-CODE ENFORCEMENT (211,677.83) (185,139.83)
1054 ENGINEERING GRANTS (2,195,127.36) (5,746,256.13)
1055 ENCROACHMENT SERVICES 1,693,391.30 2,235,882.95
1056 RENT CONTROL
1200 HOUSING ADMINISTRATION 20,271.02 777,332.98
1201 CDBG 1,509,105.27 1,266,769.89
1202 HOME PROGRAM 894,090.27 418,140.25
1203 NEIGHBORHOOD STABILIZATION 123,019.12 75,685.57
1204 CDBG RECOVERY
1205 EMPLOYMENT & TRAINING 1,415,499,33 598,80.10
1206 CDBG HOMELESS PREV RAPID RESP
1207 COR-NEIGHBORHOOD STAB(CITY) (100,185.10) (107,007.81) 1208 SUCCESSOR HOUSING AGENCY 1,688,140.54 2,327,757.33 1209 CAL-HOME GRANT FUND 754,449.07 994,424.97
1302 HOUSING IN LIEU 2,867,354.39 2,587,925.42
1303 KIDS FIRST 770,502.97 2,689,563.99
1304 EMERGENCY RECOVERY (230,651.71) (71,607.52)
1305 PUBLIC ART 643,708.25 1,544,509.85
1306 ARPA 13.877,849.09 27,145,996.69
Special Revenue Funds 39,100,698.81 53,679,361.67 37%
CAPITAL PROJECT FUNDS
2001 GENERAL CAPITAL FUND 3,056,264.13 2,560,283.16
2002 MEASURE J 1,063,653.79 2,346,625.44
2003 CIP LSE REV BOND 01
2004 CIVIC CENTER :
2006 PARKS FUND
2007 HARBOR FUND 45,733.02
2008 TRANSPORTATION FUND :
2009 STATE HIGHWAY FUND
2110 IMPACT FEE - PARKS 167,533.94 161,589.93
2111 IMPACT FEE - TRAFFIC 1,108,486.33 978,221.89
2113 IMPACT FEE - FIRE 176,471.21 85,110.24
2114 IMPACT FEE - POLICE 578,358.55 584,957.86
2115 IMPACT FEE - COMM/AQUATC 508,537.75 533,062.63
2116 IMPACT FEE - PARKS/OPEN 2,892,271.11 3,044,809.26
2117 IMPACT FEE - LIBRARY 1,650,362.24 1,802,836.80
2118 IMPACT FEE - HILLTOP 31,593.62 31,752.18
2119 IMPACT FEE - STORM DRAINAGE 794,132.41 813,414.23
2120 IMPACT FEE - WASTEWATER 2,645,346.24 2,108,378.13
2125 SECTION 108 IRON TRIANGLE 286,971.00 260,422.87
2126 HOUSING CIP FUND (166,431.90) (166,431.90)
Capital Project Funds Total 14,839,055.05 15,190,765.74 2.4% Cash Bal by FUND October 2022, page 1 of 3 11/17/2022
OCTOBER 2021 OCTOBER 2021 OCTOBER 2022 OCTOBER 2022
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
DEBT SERVICE FUNDS
3001 DS - 2005 TAXABLE POB 1,044,839.26 (592,514.00)
3002 DS - 99A PENSION OBLIG BOND 260,476.90 85,908.34
3003 DS - 95A SER REV REDG BDS
3005 DS-2007 REFNDING&CVC CTR 3,568,393.14 3,328,129.07 Debt Service Funds Total 1,873,709.30 2,821,523.41 -42.1%
ENTERPRISE FUNDS
4001 PORT OF RICHMOND 10,053,911.77 12,686,495,50
4003 WASTEWATER 41,656,426.19 33,773,595.59
4005 MARINA 4,197,559.78 4,472,654.70
4006 STORMWATER 376,247.15 1,026,779.25
4007 UTL-ENCROC
4008 KCRT - CABLE TELEVIS 601,031.18 570,37.04
4009 PARKING AUTHORITY
4101 RHA-HSNG CHOICE VOUCHER-SEC 8 (2,046,655.20) 759,872.59 4102 RHA-HOPE 6 275,141.12 275,141.12
4103 RHA-PROJECT REAL (33,203.52) (33,203.52)
4201 RHA-CAPITAL FUND 443,949.91 31,846.85
4401 RHA-HACIENDA 1,316,773.97 1,292,398.27
4402 RHA-FRIENDSHIP MANOR (14,439.98) (14,439.98)
4403 RHA-TRIANGLE COURT (73,168.83) (73,168.83)
4404 RHA-NEVIN PLAZA 1,995,945.40 779,934.73
4405 RHA-NYSTROM VILLAGE 3,141,465.15 1,784,187.73
4406 RHA-RICHMOND VILLAGE ONE 86,517.44 70,852.74
4407 RHA-RICHMOND VILLAGE TWO 108,699.00 103,665.00
4408 RHA-RICHMOND VILLAGE THREE 12,949.00 11,671.00
4409 RHA-LOCAL FUND 19,892.40 19,892.40
4501 RHA-CENTRAL OFFICE COST CNTR (2,712,480.59) (2,731,127.82) 4502 RHA - HSG CORP 4,758.37 144,676.54
Enterprise Funds Total 59,411,320.21 54,952,094,90 -7.5%
INTERNAL SERVICE FUNDS
5001 INSURANCE RESERVES 46,272,981.02 47,790,256.82
5002 INFORMATION TECHNOLOGY
5003 EQUIPMENT SERVICES 1,948,182.25 4,991,459.44
5004 FACILITIES MANAGEMENT
5005 CAD DISPATCH SYSTEM : :
5006 RMS RECORDS SERVICES
5007 800 MHZ TELECOM SYSTEM
5008 COMP ABSENCES 1,099,916.69 521,946.83
Internal Service Funds Total 49,321,079.96 53,303,663.09 8.1%
TRUST & AGENCY FUNDS
6001 GENERAL TRUST & AGENCY 834.21 838.38
6002 JOHNSON TRUST 10,779.47 10,833.59
6003 CUBA FRIENDSHIP
6004 COMMISSION ON AGING 39,360.67 37,764.15
6005 SEAVER GALLERY TRUST FUND 139,587.51 288,585.59
6006 POLICE GENERAL TRUST 2,593,798.27 2,688,625.77
6007 SENIOR TRUST DEPOSIT 64298.54 65,225.50
6047 CALPERS CERT ACCT 6,594,017.31 6,911,756.09
6048 OPER PL FUND 32,693,421.96 29,672,912.91
6049 PT MOLATE NAVY GRANT 2,265,904.81 1,290,088.37
6050 GENERAL PENSION FUND 963,495.11 1,143,000.64
6051 POLICE & FIRE PENSION 9,279,454.88 8,095,546.46
6052 GARFIELD PENSION FUND 232,465.34 210,462.76
6053 JPFA: 99 REV REFUND
6054 CUTTING CANAL A.D. 8 :
6055 HILLTOP REDEMPTION F
6056 SAN PABLO 854 ASSES 265,130.72 266,461.40
6057 HARBOR NAVIGATION IM 178,873.23 179,770.98
6058 MARINA WESTSHORE DEB 530,867.05 528,944.18
6059 COUNTRY CLUB VISTA 1,022,965.93 328,428.92
6060 REASSESSMENT DISTRICT 2003-1 1,847,976.48 1,857,251.34 6061 REGLA CITY 780.12 626.12
6062 SHIMADA CITY 14,594.81 14,746.41
6064 ZHOUSHAN FRIENDSHIP COM. 1,288.71 2,288.71
6999 PAYROLL LIABILITIES FUND (13,542,929.94) (17,277,207.60) Trust & Agency Funds Total 45,196,965.19 36,316,950.67 -19.6%
SUCCESSOR AGENCY - FIDUCIARY FUNDS
6101 SA - PROPERTY TAX TRUST FUND 1,021,386.49 475,718.68 6102 SA-ADMINISTRATION 393,892.74 286,626.98
6103 SA-CAPITAL PROJECT FUNDS 6,391,991.10 7,706,970.78 Cash Bal by FUND October 2022, page 2 of 3 11/17/2022
OCTOBER 2021 OCTOBER 2021 OCTOBER 2022 OCTOBER 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 00A TARB BND PRCDS-JPFA
6202 SA-CIP 0OB TARB BND PRODS-HSNG
6203 SA-CIP 03B TARB BND PRODS
6204 SA-CIP 04A TARB BND PRCDS
6205 SA-CIP 04A TARB BND PRODS-HSG
6206 SA-CIP 04B TARB BND PRCDS-HSG
6207 SA-CIP 07A TARB BND PRODS
6208 SA-CIP 07B TARB BND PRCDS-HSG
6300 SA-DS HARBOR 98 TARB 1,181,096.99 1,213,651.18
6301 SA-DS 2000A TARB
6302 SA-DS 20008 TARB - HOUSING
6303 SA-DS 2003A TARB
6304 SA-DS 2003B TARS 656,271.21 661,334.95
6305 SA-DS 2004A TARB 2/3 1,135,061.16 1,012,381.39
6306 SA-DS 2004A TARB -1/3 HSING 976,332.28 931,069.95
6307 SA-DS 2004B TARB - HOUSING
6308 SA-DS 2007/10A TARB
6309 SA-DS 2007/10B TARB - HOUSING 2,066,254.52 2,139,250.55 6401 SA-DS 2014A NON-TAXABLE BONDS 1,289,948.03 1,307,045.18 6402 SA-DS 20148 TAXABLE BONDS
6403 SA-DS LOANS PAYABLE
6404 SA-DS 2021 ANTB 13,373.37 4,332.50
6405 SA-DS 2021 BTRB 5,330.92 21.20
6996 SUCCESSOR AGENCY - GLTDAG
6997 SUCCESSOR AGENCY - GFAAG
Successor Agency - Fiduciary Funds 15,130,938.81 15,738,403.38 4.01%
RHA CONVNL FUNDS
8101 RHA CONVNL
RHA Convni Funds 0.00%
TREASURER'S FUNDS
9999 TREASURER'S FUND - 45,520.88 210,991.46
Treasurer's Fund Total 45,520.88 210,991.46 363.50%
TOTAL CASH 252,385,143.61/* 295,427,053.70 * 17.05%
Cash Bal by FUND October 2022, page 3 of 3 11/17/2022