Agenda Item No.
TO
CITY OF YUCAIPA
AGENDA REPORT
Honorable Mayor and City Council
tchris Mann, City Manager/Treasurer
@ehil white, Director of Finance
City Council Meeting of March I l, 2024
Monthly Treasurer's Report January 2024
FROM:
FOR:
SUBJECT:
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for January 2024.
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 retum 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 perfornance.
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.
FISCAL IMPACT:
There is no fiscal impact.
Attachments:
l. Treasurer's Portfolio Historical Balances
2. Treasurer's Report - January 2024
3. Treasurer Managed Portfolio Summary - January 2024
4. LAIF Quarterly Interest Statement - January 2024
5. Wells Fargo Operating Account - January 2024
6. Investments with Fiscal Agent Summary
ATTACHME,NT 1
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ATTACHMENT 2
I nstitution/l nvestment Type
December 2023
Balance
January 2024
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
Loca I Agency lnvestment Fund (LAIF)
City Checking Account (Wells Fargo)
Petty Cash / Change Drawers
7r8.32S $118.85
S 3,07 4,270.02
s 30,893,673.39
S 4,007,473.51
s 237,128.15
S 180,1G2.00
s 2,709,978.63
s 31,775,414,82
S 3,G03,8 46.40
S 237,806.80
s 187,024.50
s 38,398,7A7 .07 s 38,5 L2,971.15
S 15,169,849.89
S 4,t22,760.16
s 2,75000
S rs,26L,595.09
s 6,g2g,931.go
s 2,750.00
Total Funds Under Control of the City S s7,694,185.44 ; 60,606,366.89 Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1 - Invesco Govt Agency Private 1903
U.S. Ba n k
RDA 1998 TAB - Blackrock lnstl Funds
RDA 1998 TAB - LAIF
RDA 2004 TAB - Blackrock lnstl Funds
RDA 2010 TAB - Blackrock Instl Funds
S
S
S
S
s
286,237.52
s89.62
45,973.28
159,378.87
375,476.14
287,393.56S
S
S
S
S
592.24
46,4tL.75
160,088.84
377,748,77
Total Funds with Fiscal Agents s 867,655.43 s 871,635.10 Grand Total S 58,501,840.87 s 61,478,001.99
City of Yucaipa
Treasurer's Report - January 3L,2024
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.
Treasur"r'A1?L ?-{-zf
Sign / Date
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ATTACHMENT 5
Analyzed Business Checking r PF
Account number:7100844500 I January 1,2024 -January 31,2024 I Page 1 of5 Questions?
CITY OF YUCAIPA
GEN ERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
Call your Customer Service Officer or Client Services
1 -800-AT WELLS (1 -800-289-3ss7)
5:00 AM TO 6:00 PM Pacific Time Monday - Friday
Online: wellsfa rgo.com
Write: Wells Fargo Bank, N.A. (1 14)
P.O. Box 6995
Portland, OR 97 228-6995
Account summary
Analyzed Business Checking - PF
Account number balance Total credits Total debits balance s4,122,760.16 7
C red its
Deposits
Eff ective Posted
dote date Amount Transaction detoil01/09 1,160.00 Deposit 01 /09
01 /11
01 /16
01 /19
01 l2s
01 /25
3,660.00
s80.00
51 0.00
140.00
10.00 1 ,1 70.00
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
57,230.00 Total deposits
Electron ic deposits/ban k cred its
Eff ective Posted
Amount Transaction detail
p
01/03
01 /04
01 /04
01 /04
01/04
01/04
01 /0s
01 /08
01 /08
01 109
01/10
01/10
261 ,529.77
1 ,621 .00
5,674.00
45,558.36
108,956.27
5,904.16
9,616.36
4,131 .52
13,020.02
12,853.73
91 .00
91 .00
Desktop Check Deposit
Turbo Data EFT CC Pmts Yucaipa City of Yucaipa
01 /04 Deposit Capture Bank Catd I
Desktop Check Deposit
Apport St of CA Apsapports 122923 1927 Yucaipa City Treasurer ZBA Funding Account Transfer From
01/05 Deposit Capture Bank Card
01/08 Deposit Capture Bank Card
Desktop Check Deposit
Desktop Check Deposit
Cash Only Customer Deposit
Cash Vault Deposit
02010 Wells Fargo Bank, N.A.
All rigtrts reserved. irtember FDIC.
0 r4)
Sheet Seq - 00501 38
Sheet0000l of 00005
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ATTACHMENT 6
City of Yucaipa
lnvestment with Fiscal Agent Summary
tY 2024
Ll3Ll2024
Bank of New York Mellon CFD 98-1
324812 Special Acct
324813 Interest Acct
703L29 COI Acct
880553 COI Acct
880554 Reserve Acct
880555 Admin Exp Acct
S
S
S
S
S
S
4,7 55.55
95,426.46
12,068.98
22,577.73
L4,499.36
L37,955.38
Total S 287,393.56
U.S. Bank
RDA 1998 TAB
67LLGL6700 Project Acct - Blackrock lnstl Funds
67L1616701 lnterest Acct - Blackrock lnstl Funds
67L1616702 Principal Acct - Blackrock lnstl Funds
67L1616703 Sinking Acct - Blackrock lnstl Funds
67LL5L5704 Reserve Acct - Blackrock lnstl Funds
67 LLGL5704 Reserve Acct - LAIF
S
S
S
s
S
s
0.24 548.79
30.51 L2.39
0.2L
46,4LL.75
Total S 47,003.99
RDA 2OO4 TAB
67LL740700 Project Acct - Blackrock lnstl Funds
67LL740701 lnterest Acct - Blackrock lnstl Funds
67LL740702 Principal Acct - Blackrock lnstl Funds
67LL740703 Reserve Acct - Blackrock lnstl Funds
s
s
s
s
0.L2
13,398.41
L99.57
L46,490.7 4
Tota I S 150,088.84
RDA 2O1O TAB
67LL740705 Reserve Acct - Blackrock lnstl Funds S 377 ,L48.7 L