AC 01-23-2023 PresentationsJanuary 23, 2023
Treasurer’s Investment Report
Month ending Nov. 30 & Dec. 31,
2022
2
Cash and Investments –General Ledger Balance
As of November 30, 2022
Beginning Balance Ending Balance % of Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo)26,394,351 30,552,216 14%
Workers' Compensation Checking (Wells Fargo)52,305 47,333 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments1 (BNY Mellon)8,333 360,400 0%
Petty Cash and Change 5,000 5,000 0%
Cash Equivalents
Local Agency Investment Fund 21,131,545 21,131,545 10%
Investments
Investments (Chandler)148,845,755 148,845,755 68%
Restricted for Pension (PARS)17,240,051 17,240,051 8%
Total Cash and Investments $213,677,340 $218,182,299 100%
Cash and Investments –General Ledger Balance
As of November 30, 2022
3
Beginning Balance Ending Balance % of Portfolio
Cash in banks1
Operating Checking (Wells Fargo)26,702,950 30,474,316 14%
Workers' Compensation Checking (Wells Fargo)53.386 54,027 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments2 (BNY Mellon)8,333 360,400 0%
Cash Equivalents
Local Agency Investment Fund 21,170,973 21,170,973 10%
Investments
Investments (Chandler)145,375,884 147,091,668 68%
Restricted for Pension (PARS)17,129,563 18,054,973 8%
Total Cash and Investments $210,441,089 $217,206,356 100%
Cash and Investments –Bank Balance
As of November 30, 2022
4
5
Cash and Investments –General Ledger Balance
As of December 31, 2022
Beginning Balance Ending Balance % of Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo)30,469,390 32,883,874 15%
Workers' Compensation Checking (Wells Fargo)47,333 31,453 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments1 (BNY Mellon)360,400 -0%
Petty Cash and Change 5,000 5,000 0%
Cash Equivalents
Local Agency Investment Fund 21,131,545 21,131,545 10%
Investments
Investments (Chandler)148,845,755 148,845,755 68%
Restricted for Pension (PARS)17,240,051 17,240,051 8%
Total Cash and Investments $218,099,474 $220,137,678 100%
Cash and Investments –General Ledger Balance
As of December 31, 2022
6
Beginning Balance Ending Balance % of Portfolio
Cash in banks1
Operating Checking (Wells Fargo)30,474,316 33,821,218 15%
Workers' Compensation Checking (Wells Fargo)54,027 33,538 0%
Payroll Checking (Wells Fargo)--0%
Restricted for Bond Repayments2 (BNY Mellon)360,400 8,333 0%
Cash Equivalents
Local Agency Investment Fund 21,170,973 21,170,973 10%
Investments
Investments (Chandler)147,091,668 147,282,846 67%
Restricted for Pension (PARS)18,054,973 17,395,501 8%
Total Cash and Investments $217,206,356 $219,712,409 100%
Cash and Investments –Bank Balance
As of December 31, 2022
7
Questions?
January 23, 2023
Treasurer’s Report
Month ending Nov. 30 & Dec. 31,
2022
2
Receipts, Disbursements, and Cash Balance NOV 22
3
Fund Balances/Net Position NOV 22
4
Receipts, Disbursements, and Cash Balance DEC 22
5
Fund Balances/Net Position DEC 22
Questions?
January 23, 2023
Item #10
1. Recommend to City Council an Audit
Committee municipal code update to clarify
the review of the City Treasurers Quarterly
Investment Report Government Code
Section 53607;
Recommendations
Recommendations
2. Change audit committee meeting
frequency from monthly to six
meetings annually;
3. Dissolve the budget format review
subcommittee; and
Recommendations
Recommendations
4. Dissolve the external audit selection
subcommittee after selection of external
auditors
Questions?