1 $2,698,149
2 $30,010,900
Liquid Funds Interest rate 5.55% at 09/30/23 $ 10,900 TERM Funds $15,000,000
TERM Funds $15,000,000
3 $30,830,928
Ratings
Investments: Agency 15.1% AA+
US Corporate 27.2% A+
US Treasury 34.6% AA+
Money Market Fund 1.5% AA+
ABS 8.7% AAA
Supranational 3.4% AAA
Muni Bonds 0.9% AA‐
CMO 8.6% AAA
4 $ 332,364
CSJVRMA Pool ‐ fair value
Bank of New York (book value ‐ $32,052,449)
Interest rate 2.03% at 09/30/23
U S Treasury ‐ (fair value basis 1.0)
Interest rate 4.92% at 09/30/23
Bank of Stockton
CAMP
Interest rate of 5.43% to mature 2/2024
Interest rate of 5.63% to mature 6/2024
Based upon the Treasurer’s report, the entire investment of the City of Ripon is in FULL COMPLIANCE with the 2023 City of Ripon Investment Policy and the California Government Code.
As of September 30, 2023, the City’s average interest rate for the last 12 months is 1.27%.* At the end of September 2023, City funds are held in the following investments as listed:
INVESTMENTS
State Treasurer ‐ LAIF ‐ (fair value basis 1.0)
Interest rate 4.17% at 09/30/23
CITY OF RIPON
Investment Policy
Quarterly Report
July 01, 2023 ‐ September 30, 2023
The City of Ripon’s investment policy was adopted by Resolution 96‐63 on June 18, 1996 and amended by Resolution 03‐68 on August 19, 2003 and by Resolution 23‐28 on June 13, 2023. This policy provides for the legislative body of a local agency to invest all money belonging to or in the custody of the local agency in accordance with the provisions of California Government Code Sections 5922, 53601 et seq., and 53635.
This quarterly review complies with all of the elements required by California Government Code Section 53646(b).
* The City of Ripon financial information is on a cash basis, so this rate includes only interest that has been earned. CAMP TERM Funds are not earned until maturity.
Investment Report
September 30, 2023
5 $ 113
$ 191
6 $ ‐
Total Investments $63,872,645
Lisa Roos
City Clerk/Finance Director
Interest rate 0.00% at 09/30/23
U S Bank
Redevelopment agency 2020 tax allocation bonds
This report certifies that all investment actions executed prior to this report have been made in full Respectfully Submitted,
Lisa Roos
U S Treasury ‐ (fair value basis 1.0)
Interest rate 5.23% at 09/30/23
U S Bank
Water revenue bonds ‐ 2006
Water revenue bonds ‐ 2012
U S Treasury ‐ (fair value basis 1.0)
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