Item No. 2
AGENDA REPORT
DATE: April 14, 2025
TO:
FROM: Jennifer Crawford, Acting City
Honorable Mayor and City Council
Phil White, Director of Finance
ager/Treasurer/
SUBJECT: Monthly Treasurer's Report February 2025
RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for February 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 4.333% in February.
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 — February
2. Treasurer Managed Portfolio Summary — February
3. LAIF Quarterly Interest Statement — February
4. Wells Fargo Operating Account — February
5. Investments with Fiscal Agent Summary — February
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - February 28, 2025
Attachment 1
Institution/Investment Type
January 2025
Balance
February 2025
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 1,718,290.94
$ 1,229,739.05
U.S. Government Issues
$ 35,909,099.47
$ 37,011,152.97
Corporate Issues
$ 2,437,394.47
$ 2,144,773.71
Municipal Issues
$ 192,855.00
$ 193,878.50
Held in U.S. Bank Custody Account
$ 40,257,639.88
$ 40,579,544.23
Local Agency Investment Fund (LAIF)
$ 15,825,669.85
$ 15,825,669.85
City Checking Account
$ 8,887,545.90
$ 6,761,314.21
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 64,973,605.63
$ 63,169,278.29
Funds with Fiscal Agents:
Bank of New York Mellon (Chapman Heights)
CFD 98-1 - Invesco Govt Agency Private 1903
$ 216,500.00
$ 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
$ 498,433.11
$ 498,433.11
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$ 4,879.68
$ 4,890.12
RDA 1998 TAB - LAIF
$ 48,032.29
$ 48,032.29
RDA 2004 TAB - Blackrock Instl Funds
$ 298,214.80
$ 299,058.75
RDA 2010 TAB - Blackrock Instl Funds
$ 373,523.46
$ 374,873.82
$ 724,650.23
$ 726,854.98
Total Funds with Fiscal Agents
$ 1,223,083.34
$ 1,225,288.09
Grand Total
$ 66,196,688.97
$ 64,394,566.38
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.
Treasures _
/ Date
ATTACHMENT 2
CASH EQUIV & ACCR 3.50%
BONDS 96.50%
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37,011,152.97
U.S. Government Issues
2,144, 773.71
Corporate Issues
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ATTACHMENT 3
3/24/25, 5:24 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:
February 2025 Statement
March 24, 2025
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 15,825,669.85
Total Withdrawal: 0.00 Ending Balance: 15,825,669.85
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ February 1, 2025 - February 28, 2025 ■ Page 1 of 6
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
YUCAIPA CA 92399
Questions?
1P44200
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 $8,887,545.90 $2,673,142.64 -$4,799,374.33 $6,761,314.21 Credits
Deposits
Effective Posted
date date
Amount Transaction detail
02/04 140.00 Deposit
02/07 780.00 Deposit
02/07 850.00 Deposit
02/11 02/12 91.00 Reversal of Check Posted 2-11-25 Reposted 2-12-25 as Serial 0000018090 Our Ref: 2-1 1-25 00000000
02/26 225.00 Deposit
02/27 340.00 Deposit
$2,426.00 Total deposits
Electronic deposits/bank credits
Effective Posted
date date
Amount Transaction detail
02/03 92.00 American Express Settlement 250201 Comm Devt 02/03 141.00 02/03Bankcard Deposit -
02/03 381.00 02/03Bankcard Deposit -
02/03 396.00 02/03Bankcard Deposit -
02/03 512.10 Paymentech Transfer 250203 TylerOMun Csh CA Yucaipa Gen 02/03 4,960.08 Desktop Check Deposit
02/03 6,472.30 Paymentech Transfer 250203 Tyler Eg Css CA Yucaipa Comm 02/03 118,268.66 Apport St of CA Apsapports Yucaipa City Treasurer 02/03 179,697.34 Desktop Check Deposit
02/03 5,098.99 ZBA Funding Account Transfer
02/04 21.23 Cash Only Customer Deposit
02/04 123.00 Paymentech Transfer 250204 Tyler Mun Csh CA Yucaipa Gen 02/04 3,143.00 Desktop Check Deposit
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
(114)
Sheet Seq = 0043171
5heet00001 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
2/28/2025
$ 216,500.00
$ 201,577.53
$ 1.00
$ 80,354.58
$ 498,433.11
$ 0.24
$ 4,822.69
$ 32.32
$ 34.80
$ 0.07
$ 48,032.29
$ 52,922.41
$ 0.12
$ 150,982.45
$ 238.68
$ 147,837.50
$ 299,058.75
$ 374,873.82