Agenda Item No._
TO
CITY OF YUCAIPA
AGENDA REPORT
Honorable Mayor and City Council
Chris Mann, City (at
Phil White, Director of
City Council Meeting of February 12,2024
Monthly Treasurer's Report December 2023
FROM:
FOR:
SUBJECT:
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for December 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 perforrnance.
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
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 (l) 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.
There is no fiscal impact.
Attachments:
l. Treasurer's Portfolio Historical Balances
2. Treasurer's Report - December 2023
3. Treasurer Managed Portfolio Summary - December 2023
4. LAIF Quarterly Interest Statement - December 2023
5. Wells Fargo Operating Account - December 2023
6. Investments with Fiscal Agent Summary
FISCAL IMPACT:
ATTACHMENT 1
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ATTACHMENT 2
lnstitution/lnvestment Type
November 2023
Balance
December 2023
Balance
Funds Under Control of the Citv:
U.S. Bank lnvestment Account - Managed by PFM
Cash and Equivalents
U.S. Bank lnvestment Account - Managed by Treasurer
Cash and Equivalents
U.S. Government lssues
Corporate lssues
Foreign lssues
Municipal lssues
Local Agency lnvestment Fund (LAIF)
City Checking Account (Wells Fargo)
Petty Cash / Change Drawers
7L7.8ts S 118.32
S 4,511,662.19
5 29,226,s36.6s
5 3,994,384.89
S 23s,687.ss
S 183,628.00
5 3,074,270.02
s 30,893,673.39
5 4,007,473.51
5 237,728.t5S rso,roz.oo
s 38,1s1,899.32 s 38,398,707.07
$ 8,169,849.89
s 6,180,680.07
S 2,7so.oo
S 1s,169,849.89
5 4,L22,760.76
S z,zso.oo
Total Funds Under Control of the City S s2,sos,297.09 5 57,694,L8s.44 Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - lnvesco Govt Agency Private 1903
U.S. Bank
RDA 1998 TAB - Blackrock lnstl Funds
RDA 1998 TAB - LAIF
RDA 2004 TAB - Blackrock lnstl Funds
RDA 2010 TAB - Blackrock lnstl Funds
s
s
s
s
s
285,720.7r
587.10
45,973.28
158,694.87
373,864.72
286,237.52s
s
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s
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589.62
45,973.28
t59,378.87
375,476.74
Total Funds with Fiscal Agents S aoa,zao.os S asz,oss.ag Grand Total $ s3,369,s37.77 S 58,561,840.87
City of Yucaipa
Treasurer's Report - December 37,2023
Attachment 2
1. All investment actions executed since the last report have been made in full compliance with the lnvestment Policy; and
2. The City will meet its expenditure obligations for the next six months.
Treasurer:
Sign / Date
ATTACHMENT 3
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ATTACHMENT 5
Analyzed Business Checking - PF
AccountnumberfIDecember1,2o23-December31,2o23rPage1of6
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272YUCAIPA BLVD
YUCATPA CA92399-2434
Questions?
Call your Customer Service Officer or Client Services
1 -800-AT WELTS (1 -800-289-3ss7)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: well sfo rgo.com
Write: Wells Fargo Bank, N.A. (114)
P.O. Box 6995
Portland, OR 97 228-6995
Account summary
Analyzed Business Checking - PF
Accountnumber Beginning balance Total credits Totaldebits Ending balance s6,180,680.07 517,83s,sl6.74 -s 1 9,893,436.65 54,122,760.16 Credits
Deposits
Effective Posted
date date Amount Transactiondetail
12/12
12/01
12/04
12/07
12/08
12/11
12/13
10.00 14,980.00
2,7s0.00
10.00 10.00
2,140.00
Deposit
Deposit
Deposit
Deposit
Deposit
Reversal ofCheck Posted 12-12-23 Reposted 12-13-23 as Serial 0000015014 Our Ref: 12-12-23 00000000
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
12/14
12/14
12/1s
12/19
12/21
12/22
12/26
10.00 140.00
172.50
'100.00
580.00
'l 10.00
'140.00
521,152.50 Totaldeposits
Electron i< deposits/bank credits
Effective Posted
date date Amount Transaction detail _
12/01 1,000.00 12l0lBankcard Depositf
12/01 15,252.12 Countyof San BeAchpaymentl Cityof Yucaipa 12104 917.00 12104 Deposit Capture Bank Cardf
12/04 23,997.97 County of San Be Achpaymentl City of Yucaipa 12/04 134,411.70 Apport St of CA Apsapports 1129231927 Yucaipa CityTreasurer O2010 Wells Fargo gank, N.A.
All rights reserved. lvlember FDIC.
(rr4)
Sheet Seq = 0050714
Sheet 00001 of 00006
WELLS
T.ARGO
ATTACHMENT 6
City of Yucaipa
lnvestment with Fiscal Agent Summary
FY 2024
Bank of New York Mellon CFD 98-1
324812 SpecialAcct
3248L3 lnterest Acct
703129 COI Acct
880553 COI Acct
880554 Reserve Acct
880555 Admin Exp Acct
U.S. Bank
RDA 1998 TAB
67LL67670O Project Acct - Blackrock lnstl Funds
6717616701 lnterest Acct - Blackrock lnstl Funds
67L16L67O2 Principal Acct - Blackrock lnstl Funds
67L1,6167O3 Sinking Acct - Blackrock lnstl Funds
67LL676704 Reserve Acct - Blackrock lnstl Funds
67LL6L67O4 Reserve Acct - LAIF
t2l3Ll2023
4,735.70
95,025.77
12,068.98
22,582.49
t4,438.48
137,385.10
Total S 286,237.52
0.24 546.36
30.47 t2.34
o.2L
45,973.28
Total S 46,562.90
S
S
s
s
s
S
s
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s
s
s
RDA 2OO4 TAB
57tL74O7OO Project Acct - Blackrock lnstl Funds
671t74070t lnterest Acct - Blackrock Instl Funds
67 7L7 407 02 Pri ncipa I Acct - Blac krock I nstl Fu n ds 67L1740703 Reserve Acct - Blackrock lnstl Funds
RDA 2O1O TAB
6711740705 Reserve Acct - Blackrock lnstl Funds
s
s
s
s
o.L2
13,338.99
198.68
14s,841.08
Tota t59,378.81
S 375,416.t4
S