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Agenda Item No.
TO:
FROM:
FOR:
SUBJECT:
CITY OF YUCAIPA
AGENDA REPORT
Honorable Mayor and City Council
G$hris Mann, City Manager/Treasurer
Whil
white, Director of Finance
City Council Meeting of April 08 ,2024
Monthly Treasurer's Report February 2024
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for February 2024.
BACKGROUND:
To comply with the requirements of California Govemment Code Section 53607 and the recommendation of California Govemment 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 ofthe 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 5 \
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 - February 2024
3. Treasurer Managed Portfolio Summary - February 2024
4. LAIF Quarterly Interest Statement - February 2024
5. Wells Fargo Operating Account - February 2024
6. Investments with Fiscal Agent Summary
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ATTACHMENT 2
I nstitution/t nvestment Type
January 2024
Ba la nce
Februa ry 2024
Ba la nce
Funds Under Control of the Citv:
U.S. Bank lnvestment Account - Managed by PFM
Cash and Equivalents
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
U.S. Government lssues
Corporate lssues
Foreign lssues
Municipa! lssues
Local Agency lnvestment Fund (LAIF)
City Checking Account (Wells Fargo)
Petty Cash / Cnange Drawers
118.85S S
s 2,709,979.63
s 3t,775,4L4.82
S 3,603,8 46.40
s 237,806.80
s L97,024.50
s 2,769,135.29
S 3\,771,037.56
S 3,550,110.13
s 239,527,L0
S 186,184.00
S 38,5 L2,971.15 S 38,5 L3,994.07
S ls,261,595.09
S 6,828,931.80
s 2,75000
S \3,zGL,595.09
s 3,309,555.96
s 2,750.00
Total Funds Under Control of the City s 60,606,356.99 s 55,088,006.12 Funds with Fiscal Aeents:
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
592.24
46,4LL.75
160,088.84
377,148.7r
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s 297,393.56
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s 472,069.51
5,68 3.57
46,4LL,75
302,889.37
378,820.32
Total Funds with Fiscal Agents s 871,635.10 s 1,205,97 4.52 Grand Total S 6t,419,001.99 S s6,291,880.64
City of Yucaipa
Treasurer's Report - February 29,2024
Attach ment 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'ftru /'-/'? f
Sign / Date
ATTACHMENT 3
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ATTACHMENT 5
Analyzed Business Checking r PF
Account number:I Februa ry 1 , 2024 - Febru ary 29, 2024 f Page 1 of 6 Q uest io ns ?
CITY OF YUCAIPA
GEN ERAL OPERATING ACCOUNT
34272YUCAIPA BLVD
YUCATPA 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: wellsfo rgo.com
Write: Wells Fargo Bank, N.A. (1 14)
P.O. Box 6995
Portland, OR 97228-6995
Account summary
Analyzed Business Checking - PF
Account number balance
1.80 Total credits Total debits
,747,686.4
balance
Cred its
Deposits
Effective Posted
date date Amount Transaction detail
02/01 50.00
02/02 167.00
02/07 2,047.00
02/07 9,610.00
02/08 140.00
02/09 140.00
02112 100.00
02112 580.00
02/16 720.00
02/16 02/20 113.14
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Reversa! of Check Posted 2-16-24 Reposted 2-20-24 as Serial 0000015368 Our Ref: 2-16-24 00000000
Deposit
Deposit
Deposit
Deposit
02121
02123
02/27
02/29
25.00 s80.00
10.00 390.00
514,672.14 Total deposits
Electron ic deposits/ban k credits
Effective Posted
date date Amount Transaction detail
02101
02/01
02/01
02/01
02/02
3,733.34
6,075.00
12,7 54.47
1 17 ,585 .7 0
3,594.44
Desktop Check Deposit
02/01 Deposit Capture Bank Card
Stripe Transfer St- City of Yucaipa
Apport St of CA Apsapports Yucaipa City Treasurer
02/02 Deposit Capture Bank Card
02010 Wells Fargo Bank, N.A.
All rights reserved. firtember FDIC.
(l l4)
Sheet Seq = 0047807
Sheet0000l of 00006
54,228,421 .57 s3,309,666.96
ATTACHMENT 6
City of Yucaipa
lnvestment with Fisca! Agent Summary
FY 2024
Bank of New York Mellon CFD 98-1
324812 Special Acct
324813 lnterest Acct
703L29 COI Acct
703130 Special Tax Acct
880553 COI Acct
880554 Reserve Acct
880555 Admin Exp Acct
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock lnstl Funds
67L1516701 lnterest Acct - Blackrock lnstl Funds
67L1616702 Principal Acct - Blackrock lnstl Funds
67L1616703 Sinking Acct - Blackrock lnstl Funds
67LL6L6704 Reserve Acct - Blackrock lnstl Funds
67 L1616704 Reserve Acct - LAIF
RDA 2OO4TAB
67LL740700 Project Acct - Blackrock lnst! Funds
67LL740701 lnterest Acct - Blackrock lnstl Funds
67LL740702 Principal Acct - Blackrock lnstl Funds
67LL740703 Reserve Acct - Blackrock lnstl Funds
RDA 2O1O TAB
67LL740705 Reserve Acct - Blackrock lnstl Funds
2l2el2o24
4,775.54
95,826.58
12,068.98
183,52L.52
22,772.83
L4,560. 15
138,543.90
Tota I S 472,069.51
0.24 5,539.93
30.75 L2.44
0.2L
46,4LL.75
Tota I S 52,095.32
0.L2
155,548.78
200.45
L47,L40.02
Total s 302,889.37
s 378,820.32
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