CITY OF
Item No. Z
AGENDA REPORT
DATE: January 13, 2025
TO: Honorable Mayor and City Council
FROM: Chris Mann, City Manager/Treas er C 1
Phil White, Director of Finance
SUBJECT: Monthly Treasurer's Report November 2024
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for November 2024.
BACKGROUNDIDISCUSSION:
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 4.477% in November.
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.
Attachment(s):
1. Treasurer Report — November
2. Treasurer Managed Portfolio Summary — November
3. LAIF Quarterly Interest Statement — November
4. Wells Fargo Operating Account — November
5. Investments with Fiscal Agent Summary — November
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - November 30, 2024
Attachment 1
October 2024
November 2024
Institution/Investment Type
Balance
Balance
Funds Under Control of the City:
Held in U.S. Bank Custody Account
$
39,721,831.02
$
39,902,692.69
Local Agency Investment Fund (LAIF)
$
6,735,556.67
$
6,735,556.67
City Checking Account
$
4,195,925.61
$
6,368,117.92
Petty Cash / Change Drawers
$
2,750.00
$
2,750.00
Total Funds Under Control of the City
$
50,656,063.30
$
53,009,117.28
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
$
80,354.58
CFD 98-1 - Cash
$
201,577.53
$
201,577.53
$
294,002.09
$
294,002.09
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$
755.42
$
782.31
RDA 1998 TAB - LAW
$
47,976.06
$
47,976.06
RDA 2004 TAB - Blackrock Instl Funds
$
162,690.69
$
163,350.12
RDA 2010 TAB - Blackrock Instl Funds
$
369,226.78
$
370,723.36
$
580,648.95
$
582,831.85
Total Funds with Fiscal Agents
$
874,651.04
$
876,833.94
Grand Total
$
51,530,714.34
$
53,885,951.22
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
00206001
65- -01-B -82-340-01
0101-11-04304-01
®bank,
CITY OF YUCAIPA - TREASURER MANAGED Page 5 of 34
ACCOUNT Period from November 1, 2024 to November 30, 2024 1#SSET SUMMARY
ASSETS
11/30/2024
MARKETVALUE
%OF
MARKET
Cash And Equivalents 87,634.38
0.22 U.S. Government Issues
37,089,049.53
92.13 Corporate Issues
2,534,024.28
6.29 Municipal Issues
191,984.50
0.48 BONDS
&ACCR 1.10%
Accrued Income 353,069.41 0.88
ATTACHMENT 3
12/12/24, 1:09 PM
LAIF Regular Monthly Statement
California 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:
November 2024 Statement
Account Summary.
Total Deposit:
Total Withdrawal:
December 12, 2024
LAIF Home
PMIAAverage Monthly
Yields
Tran Type Definitions
0.00 Beginning Balance:
0.00 Ending Balance:
6,735,556.67
6,735,556.67
https:Hlalfms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ November 1, 2024- November 30, 2024 ■ Page 1 of 6
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34643 YALE DR
YUCAIPA CA 92399-6860
Account summary
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: wellsforgo.com
Write: Wells Fargo Bank, N.A. (114)
P.O. Box 6995
Portland, OR 97228-6995
Analyzed Business Checking - PF
Accountnumber Beginning balance Total credits Total debits Ending balance $4,195,925.61 $4,538,928.30-$2,366,735.99 $6,368,117.92 Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
11/01
12,473.00
Deposit
11/04
2,380.00
Deposit
11/07
1,449.00
Deposit
11/07
3,570.00
Deposit
11/18
140.00
Deposit
11/20
830.00
Deposit
11/22
49.50 Deposit
11/25
140.00
Deposit
11/26
250.00
Deposit
$21,281.50 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
Amount
Transaction detail
11/01
3.00 11/01Bankcard Deposit-0
11/01
412.00
American Express Settlement Comm Devt
11/01
706.59
Stripe Transfer St-P5K5N9City of Yucaipa
11/01
1,623.00
Paymentech Transfer 241Tyler000EgCssCAYucaipa Comm
11/01
12,800.00
American Express Settlement General Bil15
11/01
39,209.27
Paymentech Transfer 241101 Tyler00661 Mun Csh CA Yucaipa Gen 11/01
128,154.35
Apport St of CA Apsapports Yucaipa City Treasurer
11/04
281.00
Paymentech Transfer 241104 Tyler000 Mun Csh CA Yucaipa Gen 11/04
876.00
Paymentech Transfer 241104Tyler000 Eg Css CA Yucaipa Comm 11/04
1,022.01
Stripe Transfer St-L8T5H1Y8E7B4 City of Yucaipa
11/04
19,382.18
Desktop Check Deposit
Q01O Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(114)
Sheet 5eq=0045625
Sheet 00001 of 00006
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
11/30/2024
U.S. Bank Investment Portfolio (Managed By: PFM)
Cash and Equivalents
U.S. Government Issues
Bank of New York Mellon CFD 98-1
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
$
24.00 6711616701 Interest Acct - Blackrock Instl Funds
$
691.87
6711616702 Principal Acct - Blackrock Instl Funds
$
31.96 6711616703 Sinking Acct - Blackrock Instl Funds
$
34.41 6711616704 Reserve Acct - Blackrock Instl Funds
$
0.07 6711616704 Reserve Acct - LAIF
$
47,976.06
$
48,758.37
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds
$
0.12 6711740701Interest Acct -BlackrockInstl Funds
$
16,913.27
6711740702 Principal Acct - Blackrock Instl Funds
$
236.04
6711740703 Reserve Acct - Blackrock Instl Funds
$
146,200.69
$
163,350.12
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds
$
370,723.36