14*
CI�OF
AGENDA REPORT
DATE: May 12, 2025
TO: Honorable Mayor and City Council
FROM: Jennifer Crawford, Interim City ager/Treasurer.'
Phil White, Director of Finance
SUBJECT: Monthly Treasurer's Report March 2025
RECOMMENDATION:
Item No. 5
That the City Council receive and file the Monthly Treasurer's Report for March 2025 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 4.313% in March.
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 — March
2. Treasurer Managed Portfolio Summary — March
3. LAIF Quarterly Interest Statement — March
4. Wells Fargo Operating Account — March
5. Investments with Fiscal Agent Summary — March
ATTACHMENT
City of Yucaipa
Treasurer's Report - March 31, 2025
Attachment 1
February 2025
March 2025
Institution/Investment Type
Balance
Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$
1,229,739.05
$
1,319,596.07
U.S. Government Issues
$
37,011,152.97
$
37,038,351.00
Corporate Issues
$
2,144,773.71
$
2,127,353.13
Municipal Issues
$
193,878.50
$
194,295.50
$
40,579,544.23
$
40,679,595.70
Held in U.S. Bank Custody Account
Local Agency Investment Fund (LAIF)
$
15,825,669.85
$
10,825,669.85
City Checking Account
$
6,761,314.21
$
4,108,702.57
Petty Cash / Change Drawers
$
2,750.00
$
2,750.00
Total Funds Under Control of the City
$
63,169,278.29
$
55,616,718.12
Funds with Fiscal Agents:
Bank of New York Mellon (Chapman Heights)
CFD 98-1- Invesco Govt Agency Private 1903
$
216,500.00
$
(0.00)
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
$
281,933.11
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$
4,890.12
$
93.53 RDA 1998 TAB - LAIF
$
48,032.29
$
48,032.36
RDA 2004 TAB - Blackrock Instl Funds
$
299,058.75
$
159,109.10
RDA 2010 TAB - Blackrock Instl Funds
$
374,873.82
$
366,344.57
$
726,854.98
$
573,579.56
Total Funds with Fiscal Agents
$
1,225,288.09
$
855,512.67
Grand Total
$
64,394,566.38
$
56,472,230.79
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
00235601
65- -01-B -82-094-01
0101-11-04304-01
CITY OF YUCAIPA - TREASURER MANAGED
ACCOUNT
AS.
SUMMARY
03/31/2025
% OF
ASSETS
MARKET VALUE
MARKET
Cash And Equivalents 1,319,596.07
3.23 U.S. Government Issues
37,038,351.00
90.41 Corporate Issues
2,127,353.13
5.19 Municipal Issues
194,295.50
0.47 BONDS
Total Assets
40,679,595.70
99.30 Accrued Income
287,422.84
0.70 bank.
Period from March 1, 2025 to March 31, 2025
EQUIV & ACCR 3.93
ATTACHMENT 3
4/16/25, 4:14 PM LAIF Regular Monthly Statement
Cahfo, airs Dta-cl� I i ecas ai e ,
Fiona Ma, cPA
f�
Local Agency Investment Fund April 16, 2025
P.O. Box 942809
Sacramento, CA 94209-0001 LAIF Home
(916) 653-3001 PMIA Average Monthly_
Yields
CITY OF YUCAIPA
TREASURER
34272 YUCAIPA BLVD.
YUCAIPA, CA 92399
Tran Type Definitions
Account Number:
March 2025 Statement
Web
Effective
Tran
Transaction
Confirm
Confirm
Date
Date
Type
Number
Number
Authorized Caller
3/7/2025
3/6/2025
RW
1769304
1729867
PHILLIP WHITE
3/14/2025
3/13/2025
RW
1769554
1730119
PHILLIP WHITE
3/21/2025
3/21/2025
RW
1769747
N/A
RYAN BLACKERBY
Account Summary
Total Deposit:
Total Withdrawal:
0.00 Beginning Balance
-5,000,000.00 Ending Balance:
Amount
-2,000,000.00
-2,000,000.00
-1,000,000.00
15,825,669.85
10,825,669.85
https://Iaifms.treasurer.ca.gov/RegularStatement.aspx ill
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ March 1, 2025 - March 31, 2025 ■ Page 1 of 7
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
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 $6,761,314.21 $8,806,761.67-$11,459,373.31 $4,108,702.57 Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
03/07
140.00
Deposit
03/07
1,795.00
Deposit
03/18
40.00 Deposit
03/20
300.00
Deposit
03/26
140.00
Deposit
03/26
150.00
Deposit
03/31
155.00
Deposit
$2,720.00
Total deposits
Electronic deposits/bank credits
Effective Posted
date
Amount
03/03
343.00
03/03
749.33
03/03
1,360.50
03/03
1,410.00
03/03
2,122.00
03/03
9,591.10
03/03
55,484.20
03/04
479.00
03/04
642.00
03/04
1,892.46
03/04
3,902.00
03/04
107,176.48
03/04
152,780.26
02010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Transaction detail
American Express Settlement 29172 Comm Devt 59172
Stripe Transfer St-J1 S7Y2B4H2Z5 City of Yucaipa
Paymentech Transfer 250303 Tyler0005 Mun Csh CA Yucaipa Gen 03/03Bankcard Deposit -
03/036ankcard Deposit-
Paymentech Transfer Tyler Eg Css CA Yucaipa Comm
Desktop Check Deposit
Paymentech Transfer Tyler Mun Csh CA Yucaipa Gen
Desktop Check Deposit
Stripe Transfer St-POL3E1 A3W7S6 City of Yucaipa
Paymentech Transfer Tyler Eg Css CA Yucaipa Comm
Apport St of CA Apsapports Yucaipa City Treasurer
Desktop Check Deposit
(114)
Sheet Seq = 0050067
Sheet 00001 of 00007
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
3/31/2025
U.S. Bank Investment Portfolio (Managed By: PFM)
Cash and Equivalents
U.S. Government Issues
Bank of New York Mellon CFD 98-1
703132 Principal AC - Cash $ 201,577.53
703132 Principal AC - Municipal Bond Insurance Policy $ 1.00 703170 Admin Exp Acct $ 80,354.58
$ 281,933.11
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds
$
0.24 6711616701 Interest Acct - Blackrock Instl Funds
$
25.88 6711616702 Principal Acct - Blackrock Instl Funds $
32.43 6711616703 Sinking Acct - Blackrock Instl Funds
$
34.91 6711616704 Reserve Acct - Blackrock Instl Funds
$
0.07 6711616704 Reserve Acct - LAIF
$
48,032.36
$
48,125.89
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds
$
0.12 6711740701 Interest Acct - Blackrock Instl Funds
$
13,360.01
6711740702 Principal Acct - Blackrock Instl Funds
$
239.46
6711740703 Reserve Acct - Blackrock Instl Funds
$
145,509.51
$
159,109.10
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds
$
366,344.57