Agenda Item No. 3
CITY OF YUCAIPA
AGENDA REPORT
TO: Honorable Mayor and City Council
FROM: r-,NChris Mann, City Manager/Treasurer
Phil White, Director of Finance
FOR: City Council Meeting of June 12, 2023
SUBJECT: Monthly Treasurer's Report: April 2023
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for April 2023.
BACKGROUND:
To comply with the requirements of California Government Code Section 53607 and the recommendation of California Government Code Section 53646, a treasurer's report is submitted to Council monthly.
DISCUSSION:
It is the responsibility of the Finance staff to develop the Monthly Treasurer's Report in a timely manner for review by the City Manager/Treasurer, and ultimately the City Council. It is the function of the Treasurer to deposit and invest funds in accordance with the Investment Policy of the City of Yucaipa to achieve the stated objectives of safety and preservation of capital, liquidity, and return on investment. The purpose of the Monthly Treasurer's Report is to provide the City Council with a snapshot of the City's cash and investment portfolio.
The balances included in the Treasurer's Report represent the month -end market value of the City's investment portfolio. The portfolio is one component of assets. The City's net position or fund balance (equity) is comprised of all assets less liabilities. As such, the amounts are related but will differ due to accruals and methods of accounting. The City utilizes the Monthly Treasurer's Report as one tool to monitor fiscal performance.
While the City does not have outstanding debt related to bond issuances, the City acts in a fiduciary capacity for the Successor Agency to the former Redevelopment Agency and the Chapman Heights Community facilities District, both of which maintain outstanding bonds. The City pools cash and investments of all funds, except for assets related to the bond issuances of the Successor 21 City Council Agenda
Meeting of June 12, 2023
Monthly Treasurer's Report: April 2023
Agency and Community Facilities District which are required to be held in separate accounts with fiscal agents in accordance with the bond indentures.
As required by the Investment Policy, the attached Treasurer's Report includes a certification that (1) All investment actions executed since the last report have been made in full compliance with the Investment Policy; and (2) the City will meet its expenditure obligations for the next six months.
FISCAL IMPACT:
There is no fiscal impact.
Attachments:
1. Treasurer's Portfolio Historical Balances
2. Treasurer's Report — April 2023
3. Treasurer Managed Portfolio Summary — April 2023
4. LAIF Quarterly Interest Statement — April 2023
5. Wells Fargo Operating Account — April 2023
6. Investments with Fiscal Agents Summary
22 ATTACHMENT 1
23 $76000,000,00
$60,000,000.90
$40,000,000.00
$30,000,000.00
$20,000,000.00
$10,000,000.00
Historical Treasury Balances
FY 2022/2023 —FY W21/2022 ---FY 2020/2021 —FY 2019/2020 $
lui
$56,693,466.33
$53,964$55.83
August
$54,041,290.47
$50,392,274.39
September
$50,837,982.74
$48,580,108.12
October
$51,507,228.39
$48,415,306.15
November
$54,195,200.99
$49,692,593.06
December
$61,051,540.05
$55,529,795.96
April
$62,177,595.79
$61,179,291.46
May
$59,785,932.01
June
$58,758,249.77
January
February March
FY202212023
$64,433,186.11
$62,152,232.00 $55,635,711.66
TY2021/2022
$59,17E4706.71
$50,627,245,32
$44,337,764.36
$55,262,177-66
$49,877,81209
$39,311,920.77 '
$54,428,075,59
$46,138,828.66
$36,879,452.35
FY2020/2021
$35,493,809.69 $32,622,727.88 $30,805,769.95 $30,339,435.62 $34,088,028.21 $40,714535.04 $53,549,485.87
' $40,602,594.47
$56,426,234.85
$43,716,1358.69
$58,288,163.32
$39,543,574.41
FY 2019/2020
$41,127,293.89 $35,780,672.58 $34,46$566.70 $32,883,041.63 $34,465,706.57 $41,532,702.16
ATTACHMENT 2
25 City of Yucaipa
Treasurer's Report - April 30, 2023
Attachment 2
March 2023
April 2023
Institution/Investment Type
Balance
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by PFM
Cash and Equivalents
$
100,094.66
$
100,829.03
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$
278,987.39
$
302,166.43
U.S. Government Issues
$
32,910,793.87
$
32,962,916.78
Corporate Issues
$
3,509,407.94
$
3,506,698.31
Foreign Issues
$
231,620.55
$
232,132.60
Municipal Issues
$
182,451.50
$
183,105.00
$
37,113,261.25
$
37,187,019.12
$
10,333,928.50
$
15,316,139.33
Local Agency Investment Fund (LAIF)
City Checking Account (Wells Fargo)
$
4,120,126.93
$
5,593,934.73
Petty Cash / Change Drawers
$
2,450.00
$
3,050.00
Total Funds Under Control of the City
$
51,669,861.34
$
58,200,972.21
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1- Invesco Govt Agency Private 1903
$
2,414,951.45
$
2,423,722.33
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$
344.48
$
345.53
RDA 1998 TAB - LAIF
$
45,350.10
$
45,350.10
RDA 2004 TAB - Blackrock Instl Funds
$
151,949.40
$
152,525.55
RDA 2010 TAB - Blackrock Instl Funds
$
370,969.58
$
372,394.76
Total Funds with Fiscal Agents
$
2,983,565.01
$
2,994,338.27
Other:
First American Title - Escrow
$
982,285.31
$
982,285.31
Grand Total
$
55,635,711.66
$
62,177,595.79
1. All investment actions executed since the last report have been made in full compliance with the Investment Policy; and
2. The City will meet its expenditure obligations for the next six months. i
Treasurer:
Sign / Date
26 ATTACHMENT 3
27 00219601
22- -01-13 -82-124-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT 001051013310
04/30/2023
% OF
ASSETS
MARKET VALUE
MARKET
Cash And Equivalents
302,166.43
0.81 U.S. Government Issues
32,962,916.78
88.01 Corporate Issues
3,506,698.31
9.36 Foreign Issues
232,132.60
0.62 Municipal Issues
183,105.00
0.49 Total Assets
37,187,019.12
99.29 Accrued Income
267,310.58
0.71 BONDS
us •-T;l il 3
Period from April 1, 2023 to April 30, 2023
EQUIV & ACCR 1.52
ATTACHMENT 4
29 615123, 822 AM
LAIF Regular Monthly Staternent
California State TreaSLIrer
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
CITY OF YUCAIPA
TREASURER
34272 YUCAIPA BLVD.
YUCAIPA, CA 92399
Account Number. 98-36-999
April 2023 Statement
June 05, 2023
LAIF Home
PMIA Average Month y_
i�ields
Fran Type DeOnitians
Tran Web
Effective Transaction Confirm Confirm
Date Date ''Pe Number Number Authorized Caller
4/14/2023 4/13/2023 QRD 1728061 NIA SYSTEM
4/27/2023 4/27/2023 RD 1728880 1689242 PHILLIP WHITE
Account Summary
Total Deposit: 4,982,210.83 Beginning Balance:
Total Withdrawal: 0.00 Ending Balance:
Amount
92,210.83
4,900,000.00
10,333,928.50
15,316,139.33
https'lllaifms_treasurer.Ca.govfRegularStatement.aspx 1!1 30 y
31 Analyzed Business Checking - PF
Account number:- ■ April], 2023 -April 30, 2023 ■ Pagel of 5
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
Account summary
Analyzed Business Checking - PF
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS(1-800-289-3557)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online. wellsfargo.com
Write: Wells Fargo Bank, N.A. (114)
P.O. Box 6995
Portland, OR 97228-6995
Accountnumber Beginning balance Total credits Total debits Ending balance - $4,120,126.93 $10,606,682.10-$9,132,874.30 $5,593,934.73 Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
04/04
580.00
Deposit
04/05
720.00
Deposit
04/06
1,370.00
Deposit
04/07
4,030,00
Deposit
04/10
580.00
Deposit
04/13 04/14
858.24
Reversal of Check Posted 4-13-23 Refer to Maker Our Ref:4-13-23 00000000 04/14
1,160.00
Deposit
04/17 04/18,
290.60
Reversal of Check Posted 4-17-23 Reposted 4-18-23 for $290.50 Our Ref:
4-17-23 00000000
04/27
173.00
Deposit
$9,761.84
Total deposits
glectronic deposits/bank credits
Effective Pasted
date date
Amount
Transaction detail
04/03
9,038.50
Desktop Check Deposit
04/03
94,966,18
Apport St of CA Ap5apports 032823 1927 Yucaipa City Treasurer 04/03
59,392.47
ZBA Funding Account Transfer From 4241875095
04/04
17,832.76
04/04Bankcard Deposit-0483998756
04/04
168,022,30
Desktop Check Deposit
04/04
5,108.18
ZBA Funding Account Transfer From 4241875095
04/05
89.00 Cash Only Customer Deposit
04/05
95.00 Cash Only Customer Deposit
04/05
120.00
Cash Only Customer Deposit
04/05
131.00
Cash Only Customer Deposit
02010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(114)
Sheet Seq - 0054297
Sheet00001 Of 00005 32
ATTACHMENT 6
33 City of Yucaipa
Investment with Fiscal Agent Summary
FY 2023
4/30/2023
Bank of New York Mellon CFD 98-1
325010 Redemp Acct
$
-
324812 Special Acct
$
336.94
324813 Interest Acct
$
33,299.54
880552 Escrow Acct
$
-
880553 COI Acct
$
21,868.54
880554 Reserve Acct
$
2,235,174.62
880555 Admin Exp Acct
$
133,042.69
Total
$
2,423,722.33
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds
$
0.24 6711616701 Interest Acct - Blackrock Instl Funds
$
333.16
6711616702 Principal Acct
$
-
6711616703 Sinking Acct - Blackrock Instl Funds
$
11.94 6711616704 Reserve Acct - Blackrock Instl Funds
$
0.19 6711616704 Reserve Acct - LAW
$
45,350.10
6711616705 Redemption Acct
$
-
Total
$
45,695.63
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds
$
0.12 6711740701 Interest Acct - Blackrock Instl Funds
$
8,685.56
6711740702 Principal Acct - Blackrock Instl Funds
$
73.61 6711740703 Reserve Acct - Blackrock Instl Funds
$
143,766.26
Total
$
152,525.55
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 372,394.76 34