Finance Department- Treasury Division
MEMORANDUM
To: Mayor and Members of the City Council
From: Andrea Miller, Director of Finance
Jerry Chak, Accounting Manager
Date: December 5, 2023
Subject: MONTHLY CASH BALANCES & INVESTMENT REPORT -
October 2023
Enclosed for your information are the Investment Report, Portfolio Supared by the Cly rative a Ran or he motor 02
the State of California.
City of Richmond
Investment Report for October 2023
Pooled Investment Portfolio Analysis
UNAUDITED
Book Value History
Investment Composition: (in millions)
Book Value of Investments Held 261,978,919.94 $350.0
Market Value of Investments Held 261,978,919.94
Unrealized Gain (Loss) - amount $300.0 $295.5$306.3
$283.2
Unrealized Gain (Loss) - percentage 0.00% $276.9$268.35277.3 $261.9 $250.0 5251.95241.85246.85244.6
$206.0§203.8
$200.0
Book Value $150.0
Federal Agency Securities •
JPFA Pooled Investment (CalTrust -
Short Term Fund) $100.0
251,863,643.86
Local Agency Investment Fund (LAIF) 10,115,276.08 $50.0 Certificates of Deposit
Total Investments Held 100.00% 261,978,919.94 $0.0
o2 Now Declan lan123 Fe May June
Cash Summary: Book Value by Investment Type
Pooled Investments (Unrestricted) 261,978,919.94
Fiscal Agent & Other Restricted Investments:
City 25,038,441.11 Certificates of
Successor Agency to the RCRA LAIF Deposit
14.780.468.90
Total Fiscal Agent & Other Investments 10,115,276.08
39,818,910.01
Checking Accounts & Other Activity Federal Agency
Securities
General Checking - All Funds 19,238,786.44
Workers Comp & General Liability (631,815.21)
Petty Cash 3,740.00
CaIPERS CERBT • Federal Agency Securities
9,574,216.04
OPEB Plan Trust - PARS 40,424,498.54
Money Market® • Money Market
68,609,425.81
251,863,643.86
Variance - All Restricted & Unrestricted (1.143.05) 96% • LAIF
68.608,282.76
• Certificates of Deposit
Total Cash Balance (Fund detail attached) 370,406,112.71 City of Richmond
Cavex a Finance Department
Richmond City of Richmond
450 Civic Center Plaza
Portfolio Management Richmond, Richmond, CA 94804
Portfolio Summary (510)620-6740
October 31, 2023
Par Market Portrolle Days to YTM/C YTM/C
Investments Value Value Maturity 360 Equiv. 365 Equiv.
Local Agency investment Funds 10,115,276.08 10,115,276.08 10,115,276.08 3.86 3.620 3.670 JPA Pooled investments (CalTrust) 251,863.643.86 251,863,643.86 251,863,643.36 96.14 5.180 5.252 Investments 261,978,919.94 261,978,919.94 261,978,919.94 100.00% 5.120 5.191 Cash
rot incided in yield calculations) 19.596,594.34 19,596,594.34 19,596,594.34 0.000 Total Cash and Investments 281,575,514.28 281,575,514.28 281,575,514.28 5.191 Total Earnings October 31 Month Ending
Current Year 1,094,323.73
Average Daily Balance 286,641,420.82
Effective Rate of Return 4.50%
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 su thenticasa. The to cover of timed et yees fres the esthe next six movided by Uhion Bank of California in accordance with the California Government Code requirement. The City has 11/14/23
Reporting period 10/01/2023-10/31/2023 Portfolio CITY
CP
Run Date: 11/15/2023 - 10:50 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, 2023
Average Purchase Stated YTM/C Daysto 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 LALF. - TRAN 0.00 0.00 0.00 0.278 0.278 98-07-724 1000 LAI.F. - City of Richmond 10.115,276.08 10.115.276.08 10,115,276.08 3.670 3.670 Subtotal and Average 19,668,823.03 10,115,276.08 10,115,276.08 10,115,276.08 3.670 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 251,863,643.86 251,863,643.86 251,863,643.86 5.180 5.252 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 0,000
0.00 Subtotal and Average 250,831,901.60 251,863,643.86 251,863,643.86 251,363,643.86 5.252 Total and Average 286,641.420.82 261,978,919.94 261,978,919.94 261,978,919.94 5.191 Portfolio CITY
CP
Run Date: 11/15/2023 - 10:50
PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management Page 2
Portfolio Details - Cash
October 31, 2023
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 19,596,594.34 19,596,594.34 19,596,594.34 0.000 Average Balance 0.00
Total Cash and Investments 286,641,420.82 281,575,514.28 281,575,514.28 281,575,514.28 5.191 Portfolio CITY
CP
Run Date: 11/15/2023 - 10:50
PM (PRF_PM2) 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Investments
October 31, 2023
Stated Maturity Purchas YTM/C YTM/C Payment Accrued Current CUSIP Investment# Issuer Par Value Rate Date 360 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 10,115.276.08 3.620 3.670 07/01 - Quarterty 10.115.276.08 10.115,278.08 Local Agency Investment Funds Totals 10,115,276.08 3.620 3.670 0.00 10,115,276.08 10,115,276.08 JPA Pooled Investments (CalTrust)
SYS200595 200595 ALTA 0.00 0.200 0.200 0.203 07/01 - Monthiy 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 251,863,643.86 5.180 5.180 5.252 07/01 - Monthiy 251,863,643.86 251,863,643.86 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 251,863,643.86 5.180 5.252 0.00 251,863,643.86 251,863,643.86 Investment Totals 261,978,919.94 5.120 5.191 0.00 261,978,919.94 261,978,919.94 Portfolio CITY
CP
Run Date: 11/15/2023 - 10:50
PM (PRF_PMS) 7.3.11
Report Ver. 7.3.11
City of Richmond
Portfolio Management
Investment Status Report - Cash Page 2
October 31, 2023
Stated Maturity Purchas YTM/C YTM/C Payment Accrued Current CUSIP Investment# Issuer Par Value Rate Date 360 365 Dates Interest Principal Book Value Cash In Banks
SYS200723 200723 MECHBK 19,596,594.34 0.000 0.000 07/31 - Monthly 19,596,594.34 19,596,594.34 Cash Totals 19,596,594.34 0.00 19,596,594.34 19,596,594.34 Total Cash and Investments 281,575,514.28 5.120 5.191 0.00 281,575,514.28 281,575,514.28 Portfolio CITY
CP
Run Date: 11/15/2023 - 10:50 PM (PRF_PMS) 7.3.11
CITY OF RICHMOND
CASH BALANCES BY FUND
COMPARATIVE REPORT - October 2022 AND October 2023
October 2022 October 2022 October 2023 October 2023
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL % of Change
GENERAL FUND
0001 GENERAL FUND 57,990,486,02 65,069.662.83
General Fund Total 57,990,486.02 65,069,662.83 12.2%
SPECIAL REVENUE FUNDS
1001 SECURED PENSION OVERRIDE (15,962,802.88) (18,120,978.40) 1002 STATE GAS TAX 531,388.72 1,238,454.27
1003 TRANSPORTATION OPERATIONS (242,837.16) (1,048,875.06) 1004 ASSET SEIZURE FUND 314,389.32 265,141.38
1005 LIBRARY FUND 415,133.20 5,693,709.16
1006 OUTSIDE FUNDED SVCS - GRANTS 2,247,813.06 (812,111.71) 1007 EMERGENCY MED SERV 452,983.41 272,134.19
1008 PT MOLATE SEC & MAINT
1009 VELLA MITIGATION 283,286.21 324,115.62
1010 N.RICHMOND WASTE (211,554.53) 67,514.19
1011 OUTSIDE FUNDED SVCS - DONATION 6,761.75 6,982.18
1012 HILLTOP LANDSCAPE MAINT DIST 198,186.25 (184,888.12) 1013 HAZMAT FUND (6,208.88)
1014 EDA GRANT FUND
1015 MARINA BAY LNDSCP & LIGHT DIST 630,774.39 S10,396.23 1016
1017 CHEVRON MODERNIZATION PROJECT 15,879,849.11 17,371,169.47 1018 RENT CONTROL 2,385,814.22 2,488,774.42
1019 GAS TAX SEC 201 3,398,421.71 2,930,873.43
1050 CR-PLANNING & BUILDING 10,240,435.13 20,524,094.24 1051 CR-ENGINEERING 640,102.50 679,102.50
1053 CR-CODE ENFORCEMENT (185,139.83) (158,166.83)
1054 ENGINEERING GRANTS (5,481,295.17) (4,489,391.69)
1055 ENCROACHMENT SERVICES 2,236,326.08 2,986,216.54
1056 RENT CONTROL
1200 HOUSING ADMINISTRATION 771,978.52 1,327,967.73
1201 CDBG 1,266,769.89 1,330,776.13
1202 HOME PROGRAM 418,140.25 423,263.95
1203 NEIGHBORHOOD STABILIZATION 75,685.57 66,748.10
1204 COBG RECOVERY
1205 EMPLOYMENT & TRAINING (390,291.41) 1,146,026.28
1206 CDBG HOMELESS PREV RAPID RESP
1207 COR-NEIGHBORHOOD STAB(CITY) (107,007.81) (107,007.81) 1208 SUCCESSOR HOUSING AGENCY 2,327,757.33 2,616,484.58 1209 CAL-HOME GRANT FUND 994,424.97 1,099,149.80
1302 HOUSING IN LIEU 2,587,925.42 1,772,980.82
1303 KIDS FIRST 2,756,324.81 6,082,097.98
1304 EMERGENCY RECOVERY (71,607.52) 313,568.81
1305 PUBLIC ART 1,544,509.85 2,566,642.58
1306 ARPA 27,253,347.24 24,096,775.59
Special Revenue Funds :57,199,783.72 73,279,740.55 28%
CAPITAL PROJECT FUNDS
2001 GENERAL CAPITAL FUND 2,571,730.66 21,807,451.15
2002 MEASURE J 2,346,625.44 1,880,803.14
2003 CIP LSE REV BOND 01
2004 CIVIC CENTER :
2006 PARKS FUND
2007 HARBOR FUND 45,733.02
TRANSPORTATION FUND 172404
2008
2009 STATE HIGHWAY FUND
2110 IMPACT FEE - PARKS 161,589.93 168,129.08
2111 IMPACT FEE - TRAFFIC 978,221.89 1,626,702.79
2113 IMPACT FEE - FIRE 85,110.24 72,019.73
2114 IMPACT FEE - POLICE 584,957.86 659,518.49
2115 IMPACT FEE - COMM/AQUATC 533,062.63 619,384.96
2116 IMPACT FEE - PARKS/OPEN 3,044,809.26 3,155,281.48
2117 IMPACT FEE - LIBRARY 1,802,836.80 1,865,122.57
2118 IMPACT FEE - HILLTOP 31,752.18 32,787.39
2119 IMPACT FEE - STORM DRAINAGE 813,414.23 1,066,772.08 2120 IMPACT FEE - WASTEWATER 2,108,378.13 2,451,341.19
2125 SECTION 108 IRON TRIANGLE 260,422.87 268,640.52
2126 HOUSING CIP FUND (166,431.90)
Capital Project Funds Total 15,202,213.24 35,721,178.61 135.0% Cash Bal by FUND October 2023, page 1 of 3 11/16/2023
October 2022 October 2022 October 2023 October 2023
FUND FUND DESCRIPTION FUND BALANCE TOTAL FUND BALANCE TOTAL, % of Change
DEBT SERVICE FUNDS
3001 DS - 2005 TAXABLE POB (592,514.00) 50,885.27
3002 DS - 99A PENSION OBLIG BONE 85,908.34 81,375.57
3003 DS - 95A SER REV REDG BDS
3005 DS-2007 REFNDING&CVC CTR 3,328,129.07 2,806,220.01 Debt Service Funds Total 2,821,523.41 2,938,480.85 4.1%
ENTERPRISE FUNDS
4001 PORT OF RICHMOND 12,824,689.33 18,123,731.82
4003 WASTEWATER 33,944,901.03 34,326,557.32
4005 MARINA 4,472,654.70 5,132,225.91
4006 STORMWATER 1,027,325.11 1,628,192.90
4007 UTL-ENCROC
4008 KCRT - CABLE TELEVIS 41432249
4009 PARKING AUTHORITY
4101 RHA-HSNG CHOICE VOUCHER-SEC 8 759,872.59 ,765,410.00 4102 RHA-HOPE 6 275,141.12 36,457.63
4103 RHA-PROJECT REAL (33,203.52) (33,203.52)
4201 RHA-CAPITAL FUND 31,846.85 515,117.46
4401 RHA-HACIENDA 1,307,280.66 1,218,234.03
4402 RHA-FRIENDSHIP MANOR (14,439.98) (14,439.98)
4403 RHA-TRIANGLE COURT (73,168.83) (73,168.33)
4404 RHA-NEVIN PLAZA 7,004.07 (344,071.46)
4405 RHA-NYSTROM VILLAGE 1,008,198.07 1,093,839.95
4406 RHA-RICHMOND VILLAGE ONE 77,826.82 73,141.97
4407 RHA-RICHMOND VILLAGE TWO 103,665.00 98,968.00
4408 RHA-RICHMOND VILLAGE THREE 11,671.00 8,780.00
4409 RHA-LOCAL FUND 19,892.40 19,892.40
4501 RHA-CENTRAL OFFICE COST CNTR (872,754.11) (1,143,724.48) 4502 RHA - HSG CORP 144,676.54 127,437.13
Enterprise Funds Total 55,593,514.18 63,204,200.82 13.7%
INTERNAL SERVICE FUNDS
5001 INSURANCE RESERVES 50,601,623.06 53,801,944.62
5002 INFORMATION TECHNOLOGY
5003 EQUIPMENT SERVICES 5,073,016.52 7,319,329.10
5004 FACILITIES MANAGEMENT
5005 CAD DISPATCH SYSTEM :
5006 RMS RECORDS SERVICES :
5007 800 MHZ TELECOM SYSTEM
5008 COMP ABSENCES 521,946.83 1,927,616.40
Internal Service Funds Total 56,196,586.41 63,048,890.12 12.2%
IRUST & AGENCY FUNDS
6001 GENERAL TRUST & AGENCY 838.38 865.70
6002 JOHNSON TRUST 10,833.59 11,186.80
6003 CUBA FRIENDSHIP
6004 COMMISSION ON AGING 37,764.15 40,695.97
6005 SEAVER GALLERY TRUST FUND 288,585.59 283,613.34
6006 POLICE GENERAL TRUST 2,688,625.77 1,585,355.82
6007 SENIOR TRUST DEPOSIT 65,225.50 79,337.12
6047 CALPERS CERT ACCT 6,911,756.09 9,574,216.04
6048 OPE PL FUND 29,672,912.91 40,424,498.54
6049 PT MOLATE NAVY GRANT 1,290,088.37 867,131.54
6050 GENERAL PENSION FUND 1,143,000.64 1,093,205.51
6051 POLICE & FIRE PENSION 8,095,546.46 7,881,814.66
6052 GARFIELD PENSION FUND 210,462.76
6053 JPFA: 99 REV REFUND
6054 CUTTING CANAL A.D. 8 : :
6055 HILLTOP REDEMPTION F
6056 SAN PABLO 854 ASSES 266,461.40 275,148.67
6057 HARBOR NAVIGATION IM 179,770.98 185,631.94
6058 MARINA WESTSHORE DEB 528,944.18 524,717.52
6059 COUNTRY CLUB VISTA 328,428.92 535,375.70
6060 REASSESSMENT DISTRICT 2003-1 1,857,251.34 1,917,802.04 6061 REGLA CITY 626.12 580.07
6062 SHIMADA CITY 14,746.41 14,632.95
6064 ZHOUSHAN FRIENDSHIP COM. 2,288.71 2,788.71
6999 PAYROLL LIABILITIES FUND (16,153,241.22) (14,589,157.67) Trust & Agency Funds Total 37,440,917.05 50,709,440.97 35.4%
SUCCESSOR AGENCY - FIDUCIARY FUNDS
6101 SA - PROPERTY TAX TRUST FUND 475,718.68 622,186.07 6102 SA-ADMINISTRATION 274,423.32 213,420.91
6103 SA-CAPITAL PROJECT FUNDS 7,699,740.78 8,270,975.81 Cash Bal by FUND October 2023, page 2 of 3 11/16/2023
October 2022 October 2022 October 2023 October 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 0OA TARB BND PRCDS-IPFA
6202 SA-CIP 00B TARB BNO PRCDS-HSNG
6203 SA-CIP 038 TARB BND PRCOS
6204 SA-CIP 04A TARB BND PRCDS
6205 SA-CIP 04A TARB BND PRCDS-HSG
6206 SA-CIP 048 TARB BND PRODS-HSG
6207 SA-CIP OZA TARB BND PRODS
6208 SA-CIP 07B TARB BND PRCDS-HSG
6300 SA-DS HARBOR 98 TARB 1,213,651.18 164,317.57
6301 SA-DS 2000A TARB
6302 SA-DS 2000B TARB - HOUSING
6303 SA-DS 2003A TARB
6304 SA-DS 2003B TARB 661,334.95 686,672.33
6305 SA-DS 2004A TARB 2/3 1,012,381.39 1,074,929.94
6306 SA-DS 2004A TARB -1/3 HSING 931,069.95 961,783.05
6307 SA-DS 2004B TARB - HOUSING
6308 SA-DS 2007/10A TARB
6309 SA-DS 2007/10B TARB - HOUSING 2,139,250.59 2,189,847.23 6401 SA-DS 2014A NON-TAXABLE BONDS 1,307,045.18 1,115,836.36 6402 SA-DS 2014B TAXABLE BONDS
6403 SA-DS LOANS PAYABLE
6404 SA-DS 2021 ANTB 4,332.50 18,015.18
6405 SA-DS 2021 BTRB 21.20 50,399.84
6996 SUCCESSOR AGENCY - GLTDAG
6997 SUCCESSOR AGENCY - GFAAG
Successor Agency - Fiduciary Funds 15,718,969.72 15,368,384.29 2.23%
RHA CONVL FUNDS
8101 RHA CONVNL
RHA Convnl Funds 0.00%
TREASURER'S FUNDS
9999 TREASURER'S FUND - 210,991.46 1,066,133.67
Treasurer's Fund Total. 210,991.46 1,066,133.67 405.30% TOTAL CASH 298371985.21 / 370,406,112.71 24.14%
Cash Bal by FUND October 2023, page 3 of 3 11/16/2023