Agenda Item No.
CITY OF YUCAIPA
AGENDA REPORT
TO: Honorable Mayor and City Council
FROM: Chris Mann, City Manager/Treasurer
Phil White, Director of Finance
FOR: City Council Meeting of June 10, 2024
SUBJECT: Monthly Treasurer's Report April 2024
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for April 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 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
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 2024
3. Treasurer Managed Portfolio Summary — April 2024
4. LAIF Quarterly Interest Statement — April 2024
5. Wells Fargo Operating Account — April 2024
6. Investments with Fiscal Agent Summary
ATTACHMENT 1
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ATTACHMENT 2
City of Yucaipa
Treasurer's Report - April 30, 2024
Attachment 2
Institution/Investment Type I
March 2024
Balance
April 2024
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 2,477,405.44
$ 4,280,730.43
U.S. Government Issues
32,179,460.07
30,762,633.72
Corporate Issues
3,534,010.81
3,112,678.94
Foreign Issues
239,382.15
240,286.20
Municipal Issues
186,623.00
185,934.00
$ 38,616,881.47
$ 38,582,263.29
Local Agency Investment Fund (LAIF)
$ 13,261,595.09
$ 15,412,513.25
City Checking Account (Wells Fargo)
$ 4,082,088.29
$ 2,289,198.82
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 55,963,314.85
$ 56,286,725.36
Funds with Fiscal Agents:
Bank of New York Mellon
CFD 98-1- Invesco Govt Agency Private 1903
$ 289,630.88
$ 290,792.49
U.S. Bank
RDA 1998 TAB - Blackrock Instl Funds
$ 59.39
$ 59.65
RDA 1998 TAB - LAIF
$ 46,411.96
$ 46,907.65
RDA 2004 TAB - Blackrock Instl Funds
$ 159,266.26
$ 159,962.72
RDA 2010 TAB - Blackrock Instl Funds
$ 369,484.20
$ 371,115.33
Total Funds with Fiscal Agents
$ 864,852.69
$ 868,837.84
Grand Total
$ 56,828,167.54
$ 57,155,563.20
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.
Treasurer:..
Sign / Date
ATTACHMENT 3
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CASH EQUIV & ACCR 11.70%
BONDS 88.30
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Cash And Equivalents
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Foreign Issues
Municipal Issues
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ATTACHMENT 4
5/6/24, 4:17 PM LAIF Regular Monthly Statement
,,a ifornia State Treasurer
Fiona Ma, CPA
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:
April 2024 Statement
Tran
Effective Transaction Confirm
Date Date Type Number
4/12/2024 4/11/2024
4/15/2024 4/12/2024
4/18/2024 4/18/2024
Account Summary
Total Deposit:
Total Withdrawal:
RW 1749921
QRD 1752008
RD 1752410
r .4
May 06, 2024
LAIF Horne
PMIA Average Monthly
Yields
Tran Type Definitions
Web
Confirm
Number Authorized Caller
1710338 PHILLIP WHITE
N/A SYSTEM
1712826 PHILLIP WHITE
5,150,918.16 Beginning Balance:
-3,000,000.00 Ending Balance:
Amount
-3,000,000.00
150,918.16
5,000,000.00
13,261,595.09
15,412,513.25
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 5
Analyzed Business Checking - PF
Account number: 7100844500 ■ April 1, 2024 - April 30, 2024 ■ Page 1 of 7
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
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
Account summary
Analyzed Business Checking - PF
Account number Beginning balance
$4,082,088.29
Total credits
$13,219,422.55
Total debits
-$15,012,312.02
Ending balance
$2,289,198.82
Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
04/01
04/08
04/08
04/09
04/10
04/ 1 1
04/15
04/19
04/22
04/22
04/23
04/23
04/24
04/30
140.00
1,923.00
4,420.00
10.00 10.00
10.00 1,360.00
140.00
10.00 1,160.00
240.00
280.00
45.00 140.00
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
Deposit
$9,888.00
Electronic deposits/bank credits
Effective Posted
date date Amount
Total deposits
Transaction detail
04/01
04/01
04/01
04/01
04/01
04/01
02010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
7.00 130.00
227.00
780.00
12,286.58
80,234.70
04/01Bankcard Deposit -
04/01Bankcard Deposit -
04/01Bankcard Deposit -
Desktop Check Deposit
04/01 Deposit Capture Bank Card -
Desktop Check Deposit
(114)
Sheet Seq = 0049617
Sheet00001 of 00007
ATTACHMENT 6
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2024
4/30/2024
Bank of New York Mellon CFD 98-1
324812 Special Acct $ 4,814.36
324813 Interest Acct $ 96,604.50
703129 COI Acct $ 12,068.98
703130 Special Tax Acct
703178 Escrow Acct
880553 COI Acct $ 22,957.70
880554 Reserve Acct $ 14,678.33
880555 Admin Exp Acct $ 139,668.62
Total $ 290,792.49
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds $ 0.24
6711616701 Interest Acct - Blackrock Instl Funds $ 15.64 6711616702 Principal Acct - Blackrock Instl Funds $ 31.02 6711616703 Sinking Acct - Blackrock Instl Funds $ 12.54 6711616704 Reserve Acct - Blackrock Instl Funds $ 0.21
6711616704 Reserve Acct - LAIF $ 46,907.65
Total $ 46,967.30
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds
6711740701 Interest Acct - Blackrock Instl Funds
6711740702 Principal Acct - Blackrock Instl Funds
6711740703 Reserve Acct - Blackrock Instl Funds
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds
$ 0.12
$ 14,559.43
$ 202.17
$ 145,201.00
Total $ 159,962.72
371,115.33