DATE:
TO:
FROM:
AGENDA REPORT
June Q9, 2025
Honorable Mayor and City Council
Jennifer Crawford, Interim City
Phil White, Director of Finance
anager/TreasurerX-,
SUBJECT: Monthly Treasurer's Report April 2025
Item No.
6 RECOMMENDATION:
That the City Council receive and file the Monthly Treasurer's Report for April 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 the 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 4.281% in April.
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:
The recommendation does not result in a fiscal impact.
Attachment(s):
1. Treasurer Report — April
2. Treasurer Managed Portfolio Summary — April
3. LAIF Quarterly Interest Statement — April
4. Wells Fargo Operating Account — April
5. Investments with Fiscal Agent Summary — April
ATTACHMENT 1
City of Yucaipa
Treasurer's Report - April 30, 2025
Attachment 1
Institution/Investment Type
March 2025 I April 2025Balance Balance
Funds Under Control of the City:
U.S. Bank Investment Account - Managed by Treasurer
Cash and Equivalents
$ 1,319,596.07
$ 1,487,024.36
U.S. Government Issues
$ 37,038,351.00
$ 36,200,603.70
Corporate Issues
$ 2,127,353.13
$ 3,000,546.57
Municipal Issues
$ 194,295.50
$ 194,974.00
Held in U.S. Bank Custody Account
$ 40,679,595.70
$ 40,883,148.63
Local Agency Investment Fund (LAIF)
$ 10,825,669.85
$ 15,989,553.03
City Checking Account
$ 4,108,702.57
$ 7,423,855.38
Petty Cash / Change Drawers
$ 2,750.00
$ 2,750.00
Total Funds Under Control of the City
$ 55,616,718.12
$ 64,299,307.04
Funds with Fiscal Agents:
Bank of New York Mellon (Chapman Heights)
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
$ 281,933.11
$ 281,933.11
U.S. Bank (Successor Agency)
RDA 1998 TAB - Blackrock Instl Funds
$ 93.53
$ 94.98
RDA 1998 TAB - LAIF
$ 48,032.36
$ 48,561.60
RDA 2004 TAB - Blackrock Instl Funds
$ 159,109.10
$ 159,709.48
RDA 2010 TAB - Blackrock Instl Funds
$ 366,344.57
$ 367,657.74
$ 573,579.56
$ 576,023.80
Total Funds with Fiscal Agents
$ 855,512.67
$ 857,956.91
Grand Total
$ 56,472,230.79
$ 65,157,263.95
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
)N cc
Mt LO0
O N
ISi
a)o
C O—
a a
CC O
0 MCI
N
O
N
EI
O
Co
Nd'
a— 0
M
o9 N? :
m
rn
oho
CO 0
V)
CASH EQUIV & ACCR 4.52%
BONDS 95.48%
1-
H
w
co
y
1,487,024.36
Cash And Equivalents
r N V
!- F O
CO
36,200,603.70
U.S. Government Issues
3, 000, 546.57
Corporate Issues
Municipal Issues
40,
Total Assets
0 Accrued Income
O
O
0 O
1,256,991.60
ATTACHMENT 3
5/5/25, 12:28 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:
April 2025 Statement
Effective Transaction Tran Confirm
Date Date Type Number
4/15/2025 4/14/2025 QRD 1772474
4/24/2025 4/23/2025 RD 1773076
Account Summary.
Total Deposit:
Total Withdrawal:
May 05, 2025
LAIF Home
PMIA Average Monthly
Yields
Tran Type Definitions
Web
Confirm
Number Authorized Caller
N/A SYSTEM
1733645 PHILLIP WHITE
5,163,883.18 Beginning Balance:
0.00 Ending Balance:
Amount
163,883.18
5,000,000.00
10,825,669.85
15,989,553.03
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1
ATTACHMENT 4
Analyzed Business Checking - PF
Account number: ■ April 1, 2025 - April 30, 2025 ■ Page 1 of 7
CITY OF YUCAIPA
GENERAL OPERATING ACCOUNT
34272 YUCAIPA BLVD
YUCAIPA CA 92399-2434
lgrmlus
outao
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
Account summary
Analyzed Business Checking - PF
Account number Beginning balance
$4,108,702.57
Total credits
$11,788,619.09
Total debits
-$8,473,466.28
Ending balance
$7,423,855.38
Credits
Deposits
Effective Posted
date date
Amount
Transaction detail
04/01
04/04
04/08
04/08
04/09
04/11
04/11 04/14
04/25
04/29
140.00 Deposit
10.00 Deposit
993.00 Deposit
2,705.00 Deposit
160.00 Deposit
100.00 Deposit
1,000.00 Reversal of Check Posted 4-11-25 Refer to Maker Our Ref:4-11-25 00000000 150.00 Deposit
25.00 Deposit
$5,283.00
Electronic deposits/bank credits
Effective Posted
date date
Amount
Total deposits
Transaction detail
04/01
04/01
04/02
04/02
04/02
04/02
04/02
04/02
04/02
04/02
04/02
02010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
771.00
4,077.00
230.00
320.00
416.00
549.48
703.00
3,623.00
9,793.00
118,748.73
9,297.22
Desktop Check Deposit
Paymentech Transfer Tyler Eg Css CA Yucaipa Comm
American Express Settlement 2 Comm Devt
Cash Only Customer Deposit
Paymentech Transfer 250402 Tyler Eg Css CA Yucaipa Comm Stripe Transfer St-1 PO City of Yucaipa
Cash Only Customer Deposit
Cash Only Customer Deposit
Paymentech Transfer TylerO Eg Css CA Yucaipa Comm
Apport St of CA Apsapports Yucaipa City Treasurer
ZBA Funding Account Transfer
(114)
Sheet Seq = 0050196
Sheet00001 of 00007
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2025
4/30/2024
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 $ 27.09 6711616702 Principal Acct - Blackrock Instl Funds $ 32.55 6711616703 Sinking Acct - Blackrock Instl Funds $ 35.03 6711616704 Reserve Acct - Blackrock Instl Funds $ 0.07
6711616704 Reserve Acct - LAIF $ 48,561.60
$ 48,656.58
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds $ 0.12
6711740701 Interest Acct - Blackrock Instl Funds $ 13,438.32 6711740702 Principal Acct - Blackrock Instl Funds $ 240.32 6711740703 Reserve Acct - Blackrock Instl Funds $ 146,030.72 $ 159,709.48
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 367,657.74