Agenda Item No. 5
CITY OF YUCAIPA
AGENDA REPORT
TO: Honorable Mayor and City Council
FROM: Chris Mann, City Manager/Treasu r,—
Phil White, Director of Finance
FOR: City Council Meeting of December 09, 2024
SUBJECT: Monthly Treasurer's Report October 2024
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for October 2024.
BACKGROUND/DISCUSSION:
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.
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 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 investment portfolio. The balances included in the Monthly Treasurer's Report represent the market value of the City's investments.
The City utilizes the Monthly Treasurer's Report as one tool to monitor fiscal performance. The City's net position or fund balance (equity) is comprised of assets less liabilities. The portfolio is just one component of assets. The portfolio balance will fluctuate based on investment performance (yield) as well as timing of cash inflows (revenue collection) and cash outflows (expenditure payments).
The yield for the investment held with the Local Agency Investment Fund (LAIF) was 4.518% in October.
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 Monthly 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 Report — October
2. Treasurer Managed Portfolio Summary — October
3. LAIF Quarterly Interest Statement — October
4. Wells Fargo Operating Account — October
5. Investments with Fiscal Agent Summary — October
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - October 31, 2024
Attachment 1
September 2024
October 2024
Institution/Investment Type
Balance
Balance
Funds Under Control of the City:
Held in U.S. Bank Custody Account
$
39,988,966.93
$
39,721,831.02
Local Agency Investment Fund (LAIF)
$
10,584,694.41
$
6,735,556.67
City Checking Account
$
4,130,582.29
$
4,195,925.61
Petty Cash / Change Drawers
$
2,750.00
$
2,750.00
Total Funds Under Control of the City
$
54,706,993.63
$
50,656,063.30
Funds with Fiscal Agents:
Bank of New York Mellon (Chapman Heights)
CFD 98-1- Invesco Govt Agency Private 1903
$
12,068.98
$
12,068.98
CFD 98-1- Municipal Bond Insurance Policy
$
1.00 $
1.00 CFD 98-1- Admin Exp Acct
$
-
$
80,354.58
CFD 98-1- Cash
$
281,932.11
$
201,577.53
CFD 98-1- Cash
$
-
$
-
$
294,002.09
$
294,002.09
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$
743.09
$
755.42
RDA 1998 TAB - LAIF
$
47,414.78
$
47,976.06
RDA 2004 TAB - Blackrock Instl Funds
$
161,936.81
$
162,690.69
RDA 2010 TAB - Blackrock Instl Funds
$
367,692.87
$
369,226.78
$
577,787.55
$
580,648.95
Total Funds with Fiscal Agents
$
871,789.64
$
874,651.04
Grand Total
$
55,578,783.27
$
51,530,714.34
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 2
00201101
65- -01-13 -82-311-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
embank
Period from October 1, 2024 to October 31, 2024
_. ._ . _._......... _ _ _ _ _ _ _ ... ...... .......... _ ........_. ........_ ... _.... _ _ _ . ...
ASSET SUM MARY
10/31/2024
% OF
ASSETS
MARKET VALUE
MARKET
Cash And Equivalents 702,427.18
1.75 U.S. Government Issues
36,144,067.18
90.12 Corporate Issues
2,683,777.66
6.69 Municipal Issues
191,559.00
0.48 BONDS 97
Total Assets
39,721,831.02
99.04 Accrued Income
386,821.32
0.96 EQUIV & ACCR 2.71
ATTACHMENT 3
11/14/24, 4:55 PM
LAIF Regular Monthly Statement
California State Trra<,;r^r
Fiona Ma, cf-"
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:
October 2024 Statement
November 14, 2024
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
Web
Effective
Tran
Transaction
Confirm
Confirm
Date
Date
Type
Number
Number
Authorized Caller
Amount
10/15/2024
10/14/2024
QRD
1762347
N/A
SYSTEM
150,862.26
10/21/2024
10/17/2024
RW
1762732
1723263
PHILLIP WHITE
-2,000,000.00
10/28/2024
10/24/2024
RW
1762924
1723460
PHILLIP WHITE
-2,000,000.00
Account Summary
Total Deposit:
Total Withdrawal:
150,862.26 Beginning Balance: 10,584,694.41
-4,000,000.00 Ending Balance: 6,735,556.67
hftps://Iaifms.treasurer.ca.gov/RegularStatement.aspx ill
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ October 1, 2024 - October 31, 2024 ■ Page 1 of 8
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34643 YALE DR
YUCAIPA CA 92399-6860
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 $4,130,582.29 $6,675,482.13-$6,610,138.81 $4,195,925.61 Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
10/01
580.00
Deposit
10/02
1,300.00
Deposit
10/07
150.00
Deposit
10/07 2,773.00 Deposit
10/08 1,825.00 Deposit
10/11 450.00 Deposit
$7,078.00 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
Amount
Transaction detail
10/01
12.05 Stripe Transfer St-M1 P2V9Y7LOL4 City of Yucaipa
10/01
313.00
Paymentech Transfer 241001 Tyler0005037661 Mun Csh CA Yucaipa Gen 10/01
2,057.77
Stripe Transfer St-P1 F8132A019G9 City of Yucaipa
10/01
2,219.36
Desktop Check Deposit
10/01
4,840.13
Desktop Check Deposit
10/01
7,890.00
Paymentech Transfer 241001 Tyler0005037697 Eg Css CA Yucaipa Comm 10/02
68.00 Cash Only Customer Deposit
10/02
99.00 Desktop Check Deposit
10/02
259.00
Cash Only Customer Deposit
10/02
442.00
Desktop Check Deposit
10/02
650.00
10/026ankcard Deposit-0483998756
10/02
765.85
Cash Only Customer Deposit
10/02
1,180.00
Cash Only Customer Deposit
10/02
1,221.00
Paymentech Transfer 241002 Tyler0005037697 Eg Css CA Yucaipa Comm 02010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(114)
Sheet Seq = 0049836
Sheet 00001 of 00008
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
10/31/2024
703130 Special Tax Acct - Invesco Govt Agency Private 1903 $ 12,068.98 703132 Principal AC - Cash $ 201,577.53
703132 Principal AC - Municipal Bond Insurance Policy $ 1.00 703170 Admin Exp Acct $ 80,354.58
$ 294,002.09
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct -
Blackrock Instl Funds
$
0.24 6711616701 Interest Acct -
Blackrock Instl Funds
$
689.08
6711616702 Principal Acct
- Blackrock Instl Funds
$
31.83 6711616703 Sinking Acct -
Blackrock Instl Funds
$
34.27 6711616704 Reserve Acct - LAIF
$
47,976.06
$
48,731.48
RDA 2004 TAB
6711740700 Project Acct -
Blackrock Instl Funds
$
0.12 6711740701 Interest Acct -
Blackrock Instl Funds
$
16,844.99
6711740702 Principal Acct
- Blackrock Instl Funds
$
235.09
6711740703 Reserve Acct
- Blackrock Instl Funds
$
145,610.49
$
162,690.69
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds
$ 369,226.78