Cilyri 4
Finance Department - Treasury Division
MEMORANDUM
To: Mayor and Members of the City Council
From: Nickie Mastay, Deputy City Manager
Mubeen Qader, Deputy Director of Finance
Jerry Chak, Accounting Manager
Date: September 12, 2023
Subject: MONTHLY CASH BALANCES & INVESTMENT REPORT -
July 2023
Enclosed for your information are the Investment Report, Portfolio the State of California.
City of Richmond
Investment Report for July 2023
Pooled Investment Portfolio Analysis
UNAUDITED
Book Value History
Investment Composition: (in millions)
Book Value of Investments Held 276,954,151.42
$350.0
Market Value of Investments Held 276,954,151.42
Unrealized Gain (Loss) - amount $300.0 5283.2 52955$306.3 Unrealized Gain (Loss) - percentage 0.00% $276.9
$250.0 $251.9$241.8$246.8$244.6
$200.0 $198.95211.0$211.85206.0$203.8
% Book Value
Federal Agency Securities 0.00% - $150.0
JPFA Pooled Investment (CalTrust -
$100.0
Short Term Fund) 89.85% 248,833,879.05
Local Agency Investment Fund (LAIF) 10.15% 28,120,272.37 $50.0 Certificates of Deposit 0.00%
Total Investments Held 100.00% 276,954,151.42 $0.0
July Aug Sept Oct Nov Dec Jan '23 Feb Mar Apr May June July '22 '22 22 '22 '23 '23 '23 '23 '23 '23
Book Value by Investment Type
Cash Summary: LAIF
Certificates of
Pooled Investments (Unrestricted) 276,954, 151.42 28,120,272.37 Deposit Fiscal Agent & Other Restricted Investments: 10%
0%
City 17,790,517.73
Successor Agency to the RCRA 22,786,551.93 Federal Agency Total Fiscal Agent & Other Investments Securities
40,577,069.66
0%
Checking Accounts & Other Activity 97,797,297.02
• Federal Agency Securities
Total Cash Balance (Fund detail attached) 415,328,518.10 • Money Market
Money Market • LAIF
248,833,879.05
90%
• Certificates of Deposit
City of Richmond
L T - SymPro City of Richmond Finance Department
450 Civic Center Plaza
Portfolio Management Richmond, Richmond, CA 94804
Portfolio Summary (510)620-6740
July 31, 2023
Valar Market Book Days to YTMIC YTM/C
Investments Value Value Portiot Term Maturity 360 Equiv. 365 Equiv.
Local Agency Investment Funds 28,120,272.37 28,120,272.37 28,120,272.37 10.15 1 3.260 3.305 JPA Pooled Investments (CalTrust) 248,833,879.05 248,833,879.05 248,833,879.05 89.85 1 1. 5.140 • 5.211 276,954, 151.42 276,954,151.42 276,954,151.42 100.00% 1 1 4.949 5.018 Investments
Cash
12,920,694.61 12,920,694.61 12,920,694.61. 1 1 0.000 0.000 Total Cash and Investments
289,874,846.03 289,874,846.03 289,874,846.03 1 1 4.949 5.018 Total Earnings July 31 Month Ending
Current Year 1,166,944.95
Average Daily Balance 316,503,171.58
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. 5/10/2023
Mubeen Qader, Dept. Director of Fínance
Reporting period 07/01/2023-07/31/2023 Portfolio CITY
CP
Run Date: 08/17/2023 - 15:16 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
July 31, 2023
Average Purchase Stated YTM/C Days to Maturity
CUSIP Investment # issuer Balance Date Par Value Market Value Book Value Rate S&P 365 Maturity Date Local Agency Investment Funds
11-07-003 200676 L.A.I.F. - TRAN 0.00 0.00 0.00 0.278 0.278 1 98-07-724 1000 LAL.F. - City of Richmond 28,120,272.37 28,120,272.37 28,120,272.37 3.305 3.305 1 Subtotal and Average 48,795,445.38 28,120,272.37 28,120,272.37 28,120,272.37 3.305 1 JPA Pooled Investments (CalTrust)
SYS200595 200595 Torrey Pines/Alta Alliance 0.00 0.00 0.00 0.200 0.203 1 SYS200602 200810 CALTRUST TRAN 0.00 0.00 0.00 0.510 0.517 1 SYS200601 200601 Cal Trust 248,833,879.05 248,833,879.05 248,833,879.05 5.140 5.211 1 1601111894 200581 Wells Fargo Bank 0.00 0.00 0.00 0.100 0.101 1 431114503 200534 Union Bank of Calif - Safekeep 07/01/2015 0.00 0.00 0.00 0.000 1 Subtotal and Average 246,990,252.77 248,833,879.05 248,833,879.05 248,833,879.05 5.211 1 Total and Average 316,503,171.58 276,954,151.42 276,954,151.42 276,954, 151.42 5.018 1 Portfolio CITY
CP
Run Date: 08/17/2023 - 15:16
PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management Page 2
Portfolio Details - Cash
July 31, 2023
Average Purchasi 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 12,920,694.61 12,920,694.61 12,920,694.61 0.000 1 Average Balance 0.00
Total Cash and Investments 316,503,171.58 289,874,846.03 289,874,846.03 289,874,846.03 5.018 Portfolio CITY
CP
Run Date: 08/17/2023 - 15:16
PM (PRF_PM2) 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Investments Page 1
July 31, 2023
Stated Maturity YTM/C Payment Accrued Current
CUSIP Investment # Issuer Par Value Rate Date 365 Dates Interest Principal Book Value Local Agency Investment Funds
11-07-003 200676 L-TRAN 0.278 0.274 0.278 11/30 - Quarterly 0.00 0.00 98-07-724 28,120,272.37 3.305 3.260 3.305 07/01 - Quarterly 28,120,272.37 28.120.272.37 Local Agency Investment Funds Totals 28,120,272.37 3.260 3.305 0.00 28,120,272.37 28,120,272.37 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 - Monthiy 0.00 0.00 SYS200601 200601 CALTRU 248,833,879.05 5.140 5.140 5.211 07/01 - Monthiy 248,833,879.05 248,833,879.05 1601111894 200581 GRBAYR 0.00 0.100 0,100 0.101 07/01 - Monthiy 0.00 0.00 431114503 200534 UBOC 0.00 07/01/2015 0.000 0.000 08/01 - Monthiy 0.00 0.00 JPA Pooled Investments (CalTrust) Totals 248,833,879.05 5.140 5.211 0.00 248,833,879.05 248,833,879.05 Investment Totals 276,954,151.42 4.949 5.018 0.00 276,954,151.42 276,954,151.42 Portfolio CITY
CP
Run Date: 08/17/2023 - 15:16 PM (PRF_PMS) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Cash
July 31, 2023
Stated Maturity Purchas VING VING Payment Accrued Current CUSIP Investment# Issuer Par Value Dates Interest Principal Book Value Cash In Banks
SYS200723 200723 MECHBK 12,920,694.61 0.000 0.000 07/31 - Monthly 12,920,694.61 12,920,694.61 Cash Totals 12,920,694.61 0.00 12,920,694.61 12,920,694.61 Total Cash and Investments 289,874,846.03 4.949 5.018 0.00 289,874,846.03 289,874,846.03 Portfolio CITY
CP
Run Date: 08/17/2023 - 15:16 PM (PRF_PMS) 7.3.11
CITY OF RICHMOND
CASH BALANCES BY FUND
COMPARATIVE REPORT - July 20222 AND July 2023
July 2022 July 2022 July 2023 July 2023
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL. % of Change
GENERAL FUND
0001 GENERAL FUND 72,877,744.48 84,645,723.75
General Fund Total 72,877,744.48 84,645,723.75 :16.1%
SPECIAL REVENUE FUNDS
1001 SECURED PENSION OVERRIDE 5,805,053.64 (28,015,111.16) 1002 STATE GAS TAX 1,193,117.13 1,510,194.58
1003 TRANSPORTATION OPERATIONS (801,310.14) (851,592.56) 1004 ASSET SEIZURE FUND 307,433.88 262,355.65
1005 LIBRARY FUND 5,572,542.86 5,558,131.75
1006 OUTSIDE FUNDED SVCS - GRANTS 936,257.99 468,255.65 1007 EMERGENCY MED SERV 359,200.91 275,290.74
1008 PT MOLATE SEC & MAINT
1009 VEOLIA MITIGATION 301,584.82 302,138.27
1010 N.RICHMOND WASTE 164,718.41 163,113.51
1011 OUTSIDE FUNDED SVCS - DONATION 6,896.71
1012 HILLTOP LANDSCAPE MAINT DIST 10303
1013 HAZMAT FUND
1014 EDA GRANT FUND
1015 MARINA BAY INDSCP & LIGHT DIST 744,704.91 162007(9 1016
1017 CHEVRON MODERNIZATION PROJECT 18,274,551.46 18,136,957.68 1018 RENT CONTROL 1,326,959.46 1,137,611.79
1019 GAS TAX SEC 201 1,966,869,82 2,201,939.26
1050 CR-PLANNING & BUILDING 11,198,171.88 12,206,255.19 1051 CR-ENGINEERING 636,602.50 647,602.50
1053 CR-CODE ENFORCEMENT (185,139.83) (185,139.83)
1054 ENGINEERING GRANTS (5,768,474.98) (5,808,717.61)
1055 ENCROACHMENT SERVICES 2,744,505.19 2,819,760.33
1056 RENT CONTROL
1200 HOUSING ADMINISTRATION 923,661.26 882,451.76
1201 CDBG 1,261,283.79 1,263,825,83
1202 HOME PROGRAM 421,277.28 421,571.43
1203 NEIGHBORHOOD STABILIZATION 69,992.97 69,992.97
1204 CDBG RECOVERY
1205 EMPLOYMENT & TRAINING 873,557.62 1,253,854.12
1206 CDBG HOMELESS PREV RAPID RESP
1207 COR-NEIGHBORHOOD STAB(CITY) (107,007.81) (107,007.81) 1208 SUCCESSOR HOUSING AGENCY 2,574,641.15 2,622,260.08 1209 CAL-HOME GRANT FUND 1,000,884.57 1,000,884.57
1302 HOUSING IN LIEU 1,263,077.49 1,662,834.96
1303 KIDS FIRST 4,216,410.12 4,638,611.26
1304 EMERGENCY RECOVERY 247,938.14 313,541.56
1305 PUBLIC ART 2,504,085.11 2,537,269.51
1306 ARPA 23,886,642.18 23,862,648.77
Special Revenue Funds 84,414,371.81 52,328,761.17 38%
CAPITAL PROJECT FUNDS
2001 GENERAL CAPITAL FUND 21,424,081.28 21,860,089.56
2002 MEASURE J 1,054,263.88 939,330.26
2003 CIP LSE REV BOND 01
2004 CIVIC CENTER
2006 PARKS FUND
2007 HARBOR FUND 46,54592 46,731.52
2008 TRANSPORTATION FUND
2009 STATE HIGHWAY FUND
2110 IMPACT FEE - PARKS 157,029.41 159,040.23
2111 IMPACT FEE - TRAFFIC 1,582,018.74 1,592,776.52
2113 IMPACT FEE - FIRE 62,626.58 64,658.68
2114 IMPACT FEE - POLICE 644,392.16 647,133.53
2115 IMPACT FEE - COMM/AQUATC 577,113.92 584,819.41
2116 IMPACT FEE - PARKS/OPEN 2,972,034.70 3,005,198.22
2117 IMPACT FEE - LIBRARY 1,804,505.56 1,815,313.24
2118 IMPACT FEE - HILLTOP 32,386.00 32,445.43
2119 IMPACT FEE - STORM DRAINAGE 1,044,763.55 1,049,512,49 2120 IMPACT FEE - WASTEWATER 2,527,496.41 2,532,134.54
2125 SECTION 108 IRON TRIANGLE 265,462.29 243,859.38
2126 HOUSING CIP FUND
Capital Project Funds Total 34,194,820.40 34,573,043.01 1.1% Cash Bal by FUND July 2023, page 1 of 3 8/17/2023
July 2022 July 2022 July 2023 July 2023
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
DEBT SERVICE FUNDS
3001 DS - 2005 TAXABLE POB 236,788.28 11,406,023.69
3002 DS - 99A PENSION OBLIG BOND 80,526.37 80,526.37
3003 DS - 95A SER REV REDG BDS
3005 DS-2007 REFNDING&CVC CTR 102,451.52. 224,451.41
Debt Service Funds Total 419,766.17 11,711,001.47 2689.9%
ENTERPRISE FUNDS
4001 PORT OF RICHMOND 10,860,910.63 11,106,000.51
4003 WASTEWATER 46,436,804.18 45,750,300.27
4005 MARINA 4,999,056.93 4,951,506.66
4006 STORMWATER 2,008,485.19 1,779,456.78
4007 UTL-ENCROC
4008 KCRT - CABLE TELEVIS 564,790.33 739,069.55
4009 PARKING AUTHORITY
4101 RHA-HSNG CHOICE VOUCHER-SEC & 760,918.73 7660918.73 4102 RHA-HOPE 6 275,141.12 275,141.12
4103 RHA-PROJECT REAL (33,203.52) (33,203.52)
4201 RHA-CAPITAL FUND 686,075.02 640,388.48
4401 RHA-HACIENDA 1,299,003.53 1,297,442.38
4402 RHA-FRIENDSHIP MANOR (14,439.98) (14,439.98)
4403 RHA-TRIANGLE COURT (73,168.83) (73,168.83)
4404 RHA-NEVIN PLAZA (444,877.05) (393,406.05)
4405 RHA-NYSTROM VILLAGE 1,264,828.02 1,158,979.95
4406 RHA-RICHMOND VILLAGE ONE 73,350.35 73,350.35
4407 RHA-RICHMOND VILLAGE TWO 98,968.00 98,968.00
4408 RHA-RICHMOND VILLAGE THREE 8,780.00 8,780.00
4409 RHA-LOCAL FUND 19,892.40 19,892.40
4501 RHA-CENTRAL OFFICE COST CNTR (1,081,068.86) (1,083,372.66) 4502 RHA - HSG CORP 137,179.04 137,179.04
Enterprise Funds Total 67,847,425.53 67,199,783.29 -1.0%
INTERNAL SERVICE FUNDS
5001 INSURANCE RESERVES 54,620,682.35 54,485,752.02
5002 INFORMATION TECHNOLOGY (2,195.00)
5003 EQUIPMENT SERVICES 6,630,612.44 6,472,137.58
5004 FACILITIES MANAGEMENT
5005 CAD DISPATCH SYSTEM :
:
5006 RMS RECORDS SERVICES
5007 800 MHZ TELECOM SYSTEM
5008 COMP ABSENCES 1,240,892.00 1214,004.06
Internal Service Funds Total 62,492,186.79 62,169,698.66 -0.5%
TRUST & AGENCY FUNDS
6001 GENERAL TRUST & AGENCY 855.11 856.68
6002 JOHNSON TRUST 11,049.84 11,070.12
6003 CUBA FRIENDSHIP
6004 COMMISSION ON AGING 38,213.70 38,186.41
6005 SEAVER GALLERY TRUST FUND 219,816.88 280,915.24
6006 POLICE GENERAL TRUST 2,689,043.59 2,694,023.63
6007 SENIOR TRUST DEPOSIT 73,749.83 75,616.02
6047 CALPERS CERT ACCT 9,746,154.97 9,746,154.97
6048 OPE PL. FUND 41,321,443.39 42,323,107.99
6049 PT MOLATE NAVY GRANT 979,746.49 863,341.81
6050 GENERAL PENSION FUND 1,006,769.98 1,141,495.34
6051 POLICE & FIRE PENSION 10,037,483.41 8,033,634.93
6052 GARFIELD PENSION FUND
6053 JPFA: 99 REV REFUND
6054 CUTTING CANAL A.D. 8
6055 HILLTOP REDEMPTION F
6056 SAN PABLO 854 ASSES 271,780.26 222,279.00
6057 HARBOR NAVIGATION IM 183,359.42 183,695.89
6058 MARINA WESTSHORE DEB 785,226.16 785,144.95
6059 COUNTRY CLUB VISTA 1,034,473.60 1,034,894.54
6060 REASSESSMENT DISTRICT 2003-1 1,894,324.09 1,897,800.27 6061 REGLA CITY 864.07 864.07
6062 SHIMADA CITY 14,693.95 14,693.95
6064 ZHOUSHAN FRIENDSHIP COM. 2,788.71 2,788.71
6999 PAYROLL LIABILITIES FUND 3,124,105.83 9,120.521.58 Trust & Agency Funds Total 73,435,943.28 78,521,086.10 6.9%
SUCCESSOR AGENCY - FIDUCIARY FUNDS
6101 SA - PROPERTY TAX TRUST FUND 2,848,410.76 1,398,895.62 6102 SA-ADMINISTRATION 88,383.92 79,067.10
6103 SA-CAPITAL PROJECT FUNDS 8,086,686.98 8,133,421.26 Cash Bal by FUND July 2023, page 2 of 3 8/17/2023
July 2022 July 2022 July 2023 July 2023
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 PRCDS-JPFA
6202 SA-CIP OOB TARB BND PRCDS-HSNG
6203 SA-CIP 03B TARB BND PRCDS
6204 SA-CIP 04A TARB BND PRCDS
6205 SA-CIP 04A TARB BND PRCDS-HSG
6206 SA-CIP 04B TARB BND PRODS-HSG
6207 SA-CIP 07A TARB BND PRCDS
6208 SA-CIP 07 TARB BND PRODS-HSG
6300 SA-DS HARBOR 98 TARB 1,280,239.94 162,102.76
6301 SA-DS 2000A TARB
6302 SA-DS 2000B TARB - HOUSING
6303 SA-DS 2003A TARB
6304 SA-DS 2003B TARB 1,729,971.80 1,734,417.22
6305 SA-DS 2004A TARB 2/3 1,644,512.41 1,651,250.81
6306 SA-DS 2004A TARB -1/3 HSING 888,231.37 1,243,230.90 6307 SA-DS 2004B TARB - HOUSING
6308 SA-DS 2007/10A TARB
6309 SA-DS 2007/10B TARB - HOUSING 2,194,570.63 3,301,267.21 6401 SA-DS 2014A NON-TAXABLE BONDS 3,325,023.20 3,338,647.77 6402 SA-DS 2014B TAXABLE BONDS
6403 SA-DS LOANS PAYABLE
6404 SA-DS 2021 ANTB 429,915.86 431,677.18
6405 SA-DS 2021 BTRB 1,693,423.52 1,700,362.33
6996 SUCCESSOR AGENCY - GLTDAG
6997 SUCCESSOR AGENCY - GFAAG
Successor Agency - Fiduciary Funds 24,209,370.39 23,174,340.16 -4.2,8%
RHA CONVNL FUNDS
8101 RHA CONVNI
RHA Conunt Funds 0.00%
TREASURER'S FUNDS
9999 _ TREASURER'S FUND- (1,195,227.86) 1,005,080.49
Treasurer's Fund Total (3,195,227.86) 1,005,080.49 184.09% TOTAL CASH 418,626.400.99 / 415,328.518.10/ -0.80%
Cash Bal by FUND July 2023, page 3 of 3 8/17/2023