1 $315,455
2 $30,010,950
Liquid Funds Interest rate 5.55% at 12/31/23 $ 10,950 TERM Funds $15,000,000
TERM Funds $15,000,000
3 $31,718,371
Ratings
Investments: Agency 15.2% AA+
US Corporate 27.5% A+
US Treasury 35.0% AA+
Money Market Fund 2.5% AA+
ABS 6.8% AAA
Supranational 3.4% AAA
Muni Bonds 0.8% AA‐
CMO 8.8% AAA
4 $ 317,567
CAMP
Interest rate of 5.43% to mature 2/2024
Interest rate of 5.63% to mature 6/2024
CSJVRMA Pool ‐ fair value
Bank of New York (book value ‐ $32,205,828)
Interest rate 1.98% at 12/31/23
U S Treasury ‐ (fair value basis 1.0)
Interest rate 5.04% at 12/31/23
Bank of Stockton
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 December 31, 2023, the City’s average interest rate for the last 12 months is 1.08%.* At the end of December 2023, City funds are held in the following investments as listed:
INVESTMENTS
State Treasurer ‐ LAIF ‐ (fair value basis 1.0)
Interest rate 3.41% at 12/31/23
This quarterly review complies with all of the elements required by California Government Code Section 53646(b).
CITY OF RIPON
Investment Policy
Quarterly Report
September 01, 2023 ‐ December 31, 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. * 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
December 31, 2023
5 $ 1,128
$ 186
6 $ ‐
Total Investments $62,363,657
Lisa Roos
City Clerk/Finance Director
Interest rate 0.00% at 12/31/23
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 compliance with the City of Ripon Investment Policy. This report also certifies that the City of Ripon will meet its expenditure obligations for the next six months as required by California Government Code Section 53646(b)(2) and (3).
Respectfully Submitted,
Lisa Roos
U S Treasury ‐ (fair value basis 1.0)
U S Treasury ‐ (fair value basis 1.0)
Interest rate 5.26% at 12/31/23
U S Bank
Water revenue bonds ‐ 2006
Water revenue bonds ‐ 2012
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