February 20, 2024
Finance Department
DATE: February 20, 2024
TO: Mayor Martinez and Members of the City Council
FROM:
Andrea Miller, Director of Finance
Jerry Gurule, Accounting Manager
Subject:
Investment and Cash Balance Report and Monthly
Overtime Reports for the Month of December 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 and Monthly
Overtime Reports for the month of December 2023.
RECOMMENDED ACTION:
RECEIVE the City’s Investment and Cash Balance
Report and Monthly Overtime Reports for the month of
December 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.
AGENDA
REPORT
February 20, 2024
DOCUMENTS ATTACHED:
Attachment 1 – Investment and Cash Balance Report for December 2023 Attachment 2 – Overtime Report for December 2023
Attachment 3 – Overtime Public Safety Report for December 2023