February 7, 2023
Finance Department
DATE: February 7, 2023
TO: Mayor Martinez and Members of the City Council
FROM:
Nickie Mastay, Deputy City Manager, Internal Services
Delmy Cuellar, Director of Finance
Jerry Chak, Accounting Managere
Subject:
Investment and Cash Balance Report, and Monthly
Overtime Reports for the Month of December 2022
FINANCIAL IMPACT: None
PREVIOUS COUNCIL
ACTION:
N/A
STATEMENT OF THE
ISSUE:
City staff is requesting that the City Council receive the City’s Investment and Cash Balance Report and monthly
Overtime Reports for the month of December 2022.
RECOMMENDED ACTION:
RECEIVE the City’s Investment and Cash Balance
Report and monthly Overtime Reports for the month of
December 2022 – Finance Department (Nickie
Mastay/Mubeen Qader 510-412-2077).
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 AGENDA
REPORT
Formatted: Font: 12 pt
February 7, 2023
bonds, certificates of deposits, and corporate notes are all allowable and permitted according to the Fiscal Year (FY) 2022-2023 Investment Policy.
DOCUMENTS ATTACHED:
Attachment 1 – Investment and Cash Balance Report for December 2022 Attachment 2 – Overtime Report for December 2022
Attachment 3 – Overtime Public Safety Report for December 2022