Finance and Management Services
www.santa-ana.org/finance
Item # 5
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
December 3, 2024
TOPIC: Quarterly Report of Investments as of September 30, 2024
AGENDA TITLE
Receive and File Quarterly Report of Investments as of September 30, 2024
RECOMMENDED ACTION
Receive and file.
GOVERNMENT CODE §84308 APPLIES: No
DISCUSSION
In accordance with the City’s Statement of Investment Policy, the Finance and Management Services Agency (FMSA) shall render to the City Council and City Manager an Investment Report (Report) containing detailed information on all cash and security investments of the City. The City Manager and City Council receive the reports on a monthly basis, within 45 days following month-end, in compliance with Government Code section 53646. Quarterly reports appear on regular City Council public meeting agendas for formal approval.
Each month, staff performs an expenditure analysis to assure the City can meet its budgeted expenditures for the following six months. As of September 30, 2024, this analysis affirms that the City has adequate cash reserves necessary to meet its obligations for the next six months. All the information provided is in compliance with state law and the City of Santa Ana July 1, 2024 – June 30, 2025 Statement of Investment Policy.
In September, the City withdrew $17.2 million from matured investments to cover operating costs and for the deposit to the pension stabilization trust.
The Investment Report (Exhibit 1) attached accurately represents all pooled investments held for the City as of September 30, 2024.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
Quarterly Report of Investments as of September 30, 2024 December 3, 2024
4 7
0 0
FISCAL IMPACT
There is no fiscal impact associated with this action.
EXHIBIT(S)
1. Investment Report
Submitted By: Kathryn Downs, Executive Director of Finance and Management Services
Approved By: Alvaro Nuñez, City Manager