DATE:
TO:
FROM:
SUBJECT:
AGENDA REPORT
March 10, 2025
Honorable Mayor and City Council
Jennifer Crawford, Acting City yi ager/Treasurer
Phil White, Director of Financ
Monthly Treasurer's Report January 2025
Item No. 2
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for January 2025.
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 4.366% in January.
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 — January
2. Treasurer Managed Portfolio Summary — January
3. LAIF Quarterly Interest Statement — January
4. Wells Fargo Operating Account — January
5. Investments with Fiscal Agent Summary — January
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - January 31, 2025
Attachment 1
Institution/Investment Type
December 2024
Balance
January 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 330,399.29
$ 1,718,290.94
U.S. Government Issues
$ 37,048,350.31
$ 35,909,099.47
Corporate Issues
$ 2,510,672.32
$ 2,437,394.47
Municipal Issues
$ 192,495.50
$ 192,855.00
Held in U.S. Bank Custody Account
$ 40,081,917.42
$ 40,257,639.88
Local Agency Investment Fund (LAIF)
$ 6,735,556.67
$ 15,825,669.85
City Checking Account
$ 13,568,509.90
$ 8,887,545.90
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 60,388,733.99
$ 64,973,605.63
Funds with Fiscal Agents:
Bank of New York Mellon (Chapman Heights)
CFD 98-1 - Invesco Govt Agency Private 1903
$ 12,068.98
$ 216,500.00
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
$ 498,433.11
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$ 761.41
$ 4,879.68
RDA 1998 TAB - LAIF
$ 47,480.09
$ 48,032.29
RDA 2004 TAB - Blackrock Instl Funds
$ 163,966.90
$ 298,214.80
RDA 2010 TAB - Blackrock Instl Funds
$ 372,123.14
$ 373,523.46
$ 584,331.54
$ 724,650.23
Total Funds with Fiscal Agents
$ 878,333.63
$ 1,223,083.34
Grand Total
$ 61,267,067.62
$ 66,196,688.97
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.
ATTACHMENT 2
00209601
65- -01-B -82-037-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
ASSETS
01/31/2025
MARKET VALUE
% OF
MARKET
embank
Period from January 1, 2025 to January 31, 2025
Cash And Equivalents
U.S. Government Issues
Corporate Issues
Municipal Issues
1,718,290.94
35,909,099.47
2,437,394.47
192,855.00
4.24 88.70
6.02 0.48
Total Assets
40,257,639.88 99.44
Accrued Income
226,006.92 0.56
Grand Total
40,483,646.80 100.00
BONDS 95.20%
CASH EQUIV 8 ACCR 4.80%
ATTACHMENT 3
2/26/25, 1:08 PM LAIF Regular Monthly Statement
L..aifornia State
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:
January 2025 Statement
i C_
ran
Effective Transaction Type Confirm
Date Date Type Number
1/2/2025 1/2/2025
1/15/2025 1/14/2025
1 /21 /2025 1 / 16/2025
Account Summary
Total Deposit:
Total Withdrawal:
RD 1764982
QRD 1767445
RW 1767788
February 26, 2025
LAIF Horne
PMIA Average Monthly
Yields
Tran Type Definitions
Web
Confirm
Number Authorized Caller
1725528 PHILLIP WHITE
N/A SYSTEM
1728342 PHILLIP WHITE
10,090,113.18 Beginning Balance:
-1,000,000.00 Ending Balance:
Amount
10,000,000.00
90,113.18
-1,000,000.00
6,735,556.67
15,825,669.85
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ January 1, 2025 -January 31, 2025 IN Page 1 of 6
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
YUCAIPA CA 92399
Questions?
ra�ffs
Thxco
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 Total credits Total debits Ending balance $13,568,509.90 $8,076,749.12 -$12,757,713.12 $8,887,545.90 Credits
Deposits
Effective Posted
date date
Amount Transaction detail
01/08
01/08
01/17
01/17
01/30
1,015.00 Deposit
1,550.00 Deposit
10.00 Deposit
450.00 Deposit
100.00 Deposit
$3,125.00 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
Amount Transaction detail
01/02
01/02
01/02
01/02
01/02
01/03
01/03
01/03
01/06
01/06
01/06
01/06
01/06
01/06
01/06
412010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
207.00
469.00
966.00
1,353.00
32,876.70
20,822.48
141,615.48
7,850.15
91.00 343.00
1,514.46
2,170.67
3,002.66
48,838.45
9,228.55
American Express Settlement 241231 5647699172 Comm Devt Desktop Check Deposit
Paymentech Transfer 250102 Tyler Eg Css CA Yucaipa Comm Paymentech Transfer 250102 Tyler Eg Css CA Yucaipa Comm Desktop Check Deposit
County of San Be Ach payment City of Yucaipa
Apport St of CA Apsapports Yucaipa City Treasurer
ZBA Funding Account Transfer From
American Express Settlement 250103 5647699297 General Bi115647699297 American Express Settlement 250104 5647699172 Comm Devt 5647699172 Stripe Transfer St-Q2L8N4D4K1 S5 City of Yucaipa
Paymentech Transfer 250106 Tyler Eg Css CA Yucaipa Comm Paymentech Transfer 250106 Tyler Eg Css CA Yucaipa Comm Desktop Check Deposit
ZBA Funding Account Transfer
(114)
Sheet Seq = 0048462
Sheet 00001 of 00006
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
Bank of New York Mellon CFD 98-1
703130 Special Tax Acct - Invesco Govt Agency Private 1903 703132 Principal AC - Cash
703132 Principal AC - Municipal Bond Insurance Policy
703170 Admin Exp Acct
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds
6711616701 Interest Acct - Blackrock Instl Funds
6711616702 Principal Acct - Blackrock Instl Funds
6711616703 Sinking Acct - Blackrock Instl Funds
6711616704 Reserve Acct - Blackrock Instl Funds
6711616704 Reserve Acct - LAIF
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
1/31/2025
$ 216,500.00
$ 201,577.53
$ 1.00
$ 80,354.58
$ 498,433.11
$ 0.24
$ 4,812.50
$ 32.20
$ 34.67
$ 0.07
$ 48,032.29
$ 52,911.97
$ 0.12
$ 150,671.90
$ 237.82
$ 147,304.96
$ 298,214.80
$ 373,523.46