CITY OF
7 STAFF REPORT
DATE, April 13, 2026
TO: Honorable Mayor and City Council
FROM: Dr. Sean M. Moore, City Manager
PREPARED BY: Phil White, Director of Finance
SUBJECT: Monthly Treasurer's Report — February 2026
RECOMMENDATION:
That the City Council:
Item No.
1. Receive and file the Monthly Treasurer's Report for February 2026; or
2. Provide further direction to staff.
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 the 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 3.871% 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:
The recommendations do not result in a 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
& Portfolio Holdings - February
ATTACHMENT 1
City of Vucalpa
Treasurer's R¢pOrt - F¢bruary 28, 2026
Attachment 1
January 2026
February 2026
Institution/Investment Type
Balance
Balance
Funds Under Control of the City:
U.S. Bank Investment Account -Managed by Treasurer
Cash and EQuivalents
$
66,292.12
$
2,186,4]2.30
U.S. Government Issues
35,435,216.26
33,632,406.40
Corporate Issues
6,642,226.68
6,649,]94.34
Municipal issues
199,106.00
199,492.50
$
42,223,896.06
$
42,46],166.64
Local Agency Investment Fund (LAIF)
$
19,864,492.69
$
12,864,492.69
City Checking Account (Wells Fargo)
$
3,984,669.14
$
2,6]1,324.83
Petty Cash /Change Drawers
$
2,260.00
$
2,]60.00
Total Funds Under Control of the CKy
$
66,066,]96.]S
$
62,896,]32.96
Funds with Fiscal ARents:
Bank of New Vork Mellon
CFD 98-1 -Municipal Bond Insurance Policy
$
1.00 $
- 1.00
GFD 9S-1-Cash
$
466,682.31
$
466,682.11
U.S. Bank
RDA 1998 TAB -Blackrock Instl Funds
$
3,919.01
$
3,920.32
RDA 1996 TAB -LAIF
$
60,154.]O
$
$0,164.]O
RDA 2004 TAB -Blackrock Instl Funds
$
296,362.]2
$
314,626.52
RDA 2010 TAB -Blackrock Instl Funds
$
3]9,062.36
$
362,448.45
Total Funds with Fiscal Agents
$
1,196,181.59
$
1,19 ],832.15
Grand Total
$
67,261,9]8.6]
$
64,093,666.11
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 th¢ next six months. ��
Treasurer
ATTACHMENT 2
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B �8220,
e-B2-OBO-Di
O,D, _-D980a-D,
®bank
C ITV OF V VCAIPA - TREABV RER MANAGED
Page S o130
ACCOV NT
Pei oOlmm Fa W uary �. 2p2B to FaGuary 2fl. 2028
ASSET SUMMARY
darzerzdze
x or
CmM1 ArM Equ Wabl6
2.1B5.4]2 J0
$.,O
V.5-GOVemme�a Meues
5�.502.40840
]8J2
Cogvmb Na Wa
B�549.]9434
153D
.y.
MunIG palMBuae
198.A92.50
OA]
ror�rmw
i
-
""i=:i;c+sx wun�acn ae��
Teb��eeMe
K�asTp�ssB
N3Y
Aw�ued Income
34]J]B.]2
OAt
Bd 8
ATTACHMENT 3
3/l0/26, 6:3H qM ALAIF Regular Monlltly 5[a[amanl
California State Treasurer �
Fiona Ma, cP.a
Local Agency Investment Fund March 10, 2026
P.O. Box 942809
Sacramento, CA 94209-0001 i AiF Home
(916) 653-3001 PMIA Averaee Monthly
Yields
CITY OF YUCAIPA
TREASURER
34272 YiICAIPA BLYD.
YLICAH'A, CA 92399
Tran Twe DeRni[ions
Account Number: 98-36-999
February 2026 Statement
Trau
Web
EtYective Transaction
Type
Contirm
Cont7rm
Date Date
Number
Number Authorized Caller
2/20/2026 2/19/2026
RW
7794876
1755532 PHILLIP WHITE
Account Summary
Total Deposit:
O.00 Beginning Balance:
Total Withdrawal:
-2,000,000.00
Ending Balance:
Amount
-2,000,000.00
19,854,492.59
17,854,492.59
vt
ATTACHMENT 4
Commercial Checking Acct Public Funds
Account number: � February 1, 2026 -February 28, 2026 � Page 1 of ]
CITY OF VUCAIPA
GENERAL OPERATING ACCOUNT
34D2 VUCAIPA BLVD
VUCAIPA CA 92399-2434
Account summary
QYYStioft57
Call your Customer Service OK wClient Services
l-HOO-Ai WELLS (1-900-2B9-355T)
540 AM TO 6:OO PM Pacific Tina Monday- Frklay
Online: we/Jsfogo.com
Write: WNIz Fargo Bank, N.A. (t 14)
Comm¢rciol ChecKing Acct Pub/ic Funds
Accountnumb¢r B bolanc¢
tS3,984,659.14
Total oedits
To tal debiK
Ending balance
6,524,>Ol.l3
- J.938,035.44
Z,5>1,324.83
C radlts
Dwposits
FHective
Posted
d
dot
Amounf
Ttansacton detail
02 t
O
eposr
02/10
160.0p
DePosi[
-
02/10
- 1,201.00
Deposit
02/10
5.030A0
Deposi[
02/12
t00.00
Deposit
02/23
110.00
Deposit
02/25
300.00
Deposit
02/26
580.00
DeoosH
Ei�ctronlc d�poshs/banit cradles
ERective Posted
dare dote
Amount
Transaction detail
02/02
80.48 02 02 an car post -0326149J21
02/02
15a-45
02/026ankcard DeposiP0328149J21
02/02
19].09
02/026ankcard Deposit-0328149J21
02/02
33].00
American Express Setdement 260130 564J699t ]2 Comm Devt 564]6991 J2 02/02
4,JSJ.]J
Paymentech Transfer 260202 Tyler000503J661 Mun Csh CA Yucaipa Gen 02/02
8,60824
Paymentech Transfer 260202 Tyler000503J69] Eg Css CA Yucaipa Comm 02/02
1 a>,]29.44
Desktop Check Deposit
02/02
40125
ZBA Funding Accoun[ Transfer From 42418J5095
02/03
2.046.J0
Paymentech Transfer 260203 Tyler000503J69J Eg Css CA Yucaipa Comm 02/03
9,24I A6
Desktop Check Deposit
02/03
114,J25.8]
Apport St of CA Apsapports Ol 2926 192J Yucaipa City Treasurer 02/03
344.30
ZBA Funding Account Transfer From 42418J5095
zn«iwoor�ars�o�
ATTACHMENT 5
City of Yucaipa
Investment with Fiscal Agent Summary
FY 2026
2 f 29/2026
Bank of New York Mellon CFD 98-1
703130 Special Tax Acct - Cash $ 384,720.44
703132 Principal AC - Municipal Bond Insurance Policy $ 1.00 703170 Admin Exp Acct - Cash $ 81,961.67
$ 466,683.11
U.S. Bank
RDA 1998 TAB
6711616700 Project Acct - Blackrock Instl Funds
$
0.24 6711616701 Interest Acct - Blackrock Instl Funds
$
3,851.10
6711616702 Principal Acct - Blackrock Instl Funds
$
0.24 6711616703 Sinking AM - Blackrock Instl Funds
$
68.67 6711616704 Reserve Acct - Blackrock Instl Funds
$
0.07 $
3,920.32
6711616704 Reserve Acct - LAW
$
50,154.70
$
54,075.02
RDA 2004 TAB
6711740700 Project Acct - Blackrock Instl Funds $ 0.12
6711740701 Interest Acct - Blackrock Instl Funds $ 168,529.53 6711740702 Principal Acct - Blackrock Instl Funds $ 196.39 6711740703 Reserve Acct - Blackrock Instl Funds $ 145,899.53 $ 314,625,57
RDA 2010 TAB
6711740705 Reserve Acct - Blackrock Instl Funds $ 362,448.45
ATTACHMENT 6
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