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HomeMy WebLinkAboutAC 10-27-2025 PresentationsAC 10-27-2025 Item No.4 Treasurer's Investment Report Presentations October 27, 2025 Treasurer’s Investment Report Quarter ending September 30, 2025 Beginning Balance Ending Balance % of Portfolio Cash in banks1 Operating Checking (Wells Fargo)51,674,890 5,268,303 2% Workers' Compensation Checking (Wells Fargo)40,923 22,912 0% Payroll Checking (Wells Fargo)--0% Restricted for Bond Repayments 2 (BNY Mellon)--0% Cash Equivalents Local Agency Investment Fund 68,055,207 68,800,823 23% Investments Investments (Chandler)172,701,432 202,164,870 67% Restricted for Pension (PARS)24,320,860 25,665,064 9% Total Cash and Investments $316,793,313 $301,921,972 100% Cash and Investments –Bank Balance 1 Unadjusted balance from the bank statement. Does not reflect outstanding checks or deposits in transit. 2 Cash held by fiscal agent for bond repayments 2 Notable disbursements from WF Operating Acct include: •A $3.6 million lump-sum payment to CalPERS for the City’s annual Unfunded Accrued Liability (UAL) obligation (July 29, 2025) •A $2.1 million premium payment to PLAN JPA for the City’s annual liability and property insurance coverage (August 15, 2025) •A $27.8 million transfer to the City’s investment portfolio (September 30, 2025) 1.All of the City’s investments are in compliance with state law and the City’s Investment Policy 2.In compliance with California Government Code 53646 (b)(3), the City has sufficient funds to meet its expenditure requirements for the next six months Compliance 4 Questions? Beginning Balance Ending Balance % of Portfolio Cash in banks and on hand Operating Checking (Wells Fargo)22,457,990 18,172,695 7% Workers' Compensation Checking (Wells Fargo)6,038 36,003 0% Payroll Checking (Wells Fargo)- - 0% Restricted for Bond Repayments 1 (BNY Mellon)--0% Petty Cash and Change 2,950 2,650 0% Cash Equivalents Local Agency Investment Fund 65,000,052 65,759,754 24% Investments Investments (Chandler)168,335,625 169,040,941 62% Restricted for Pension (PARS)19,088,859 19,088,859 7% Total Cash and Investments $274,891,514 $272,100,903 100% Cash and Investments – General Ledger Balance 1 Cash held by fiscal agent for bond repayments 7 AC 10-28-2025 Item No.8 Budget Format Review Presentations October 27, 2025 OpenGov Budget Format Review •Budget Sub-Committee •Interactive Budget Format Survey •Budget Format Focus Group •Enhancements from PDF Document to Online Version •Budget Demo Video •Recommended Actions Budget Format Presentation Overview 2 •Met four times since its creation on July 28, 2025 •Topics included: •Review, provide, and finalize budget format changes including CIP •Review and finalize Interactive Budget Format Community Survey •Explored options for a budget format informational video •Create Budget Format Focus Group for additional community feedback Budget Sub-Committee 3 Some areas of concern: •Ease of finding information •Reliability of data •Elimination of the PDF document •For the full list of concerns, please see staff report page 2 Interactive Budget Format Survey 4 •Met on October 15, 2025 •5 community members + 2 Budget Format Sub- committee members •Budget Format Areas of Concern: •Keeping the PDF Document •Searchable line items or categories •Enhancing Artificial Intelligence options •Mobile-friendly charts Budget Format Focus Group 5 •Created an interactive table of contents linking to all budget sections •Embedded Financial Policies as PDFs •Inclusion of the CIP book •Created navigation menu pages for departments and divisions •Added links to CIP and CWP dashboards •Added division summaries Enhancements from PDF to Online Version 6 1. Receive Budget Format Review presentation as outlined in the Budget Format Implementation Action Plan (IAP) recommendation numbers 15, 17, 18, 19, and 30 2. Finalize OpenGov budget format for recommendation to City Council Budget Format Review Recommended Actions 8 •Staff recommends Audit Committee to receive the finalized OpenGov budget format as recommended by the Budget Format Sub-Committee •Upon approval by the Audit Committee, staff will recommend the final OpenGov budget format to Council for their consideration at the November 18, 2025, Council meeting. Next Steps 9 Questions?