November 28, 2023
Finance Department
DATE: November 28, 2023
TO: Mayor Martinez and Members of the City Council
FROM:
Andrea Miller, Director of Finance
Jerry Chak, Accounting Manager
Subject:
Investment and Cash Balance Report and Overtime
Reports for the Month of September 2023
FINANCIAL IMPACT: There is no fiscal impact due to this agenda item.
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 for the
month of September 2023.
RECOMMENDED ACTION:
RECEIVE the City’s Investment and Cash Balance
Report for the month of September 2023 – Finance
Department (Andrea Miller 510-620-6740).
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 Investment Policy updated on October 17, 2023.
DOCUMENTS ATTACHED:
Attachment 1 – Investment and Cash Balance Report for September 2023 AGENDA
REPORT
November 28, 2023
Attachment 2 – Overtime Report FY2023-24-Period 3
Attachment 3 – Public Safety Overtime Report FY2023-24-Period 3