TO: Honorable Mayor and Members of the City Council
THRU: Rob Houston, City Manager
FROM: Richard A. Rohm, City Treasurer
Will Kolbow, Assistant City Manager/Administrative Services Director
1. Subject
title
Monthly Treasurer’s Reports for April, May, and June 2022.
body
2. Summary
Presentation of three monthly Treasurer’s Reports to the City Council, after the end of the quarter covered by the reports.
3. Recommended Action
recommendation
Receive and file.
end
4. Fiscal Impact
None.
5. Strategic Plan Goals
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.
6. Discussion and Background
The City’s current Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11340 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter.
As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type and by broker.
The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.
The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A reconciliation between total cash and investments and total cash per the General Ledger is also included.
Summary of changes in Treasurer’s cash and investments:
|
|
Operating Cash & Investments (1) |
|
Balance @ 3/31/2022 |
$145,487,530 |
|
Monthly Activity: |
|
|
Cash Received |
76,874,041 |
|
Cash Disbursed |
(59,866,141) |
|
Balance @ 6/30/2022 |
$162,495,430 |
(1)Includes operating cash and investments (valued at cost). Does not include deposits with administrator, imprest cash, fiscal agent cash and investments, and deferred compensation.
Significant Monthly Cash Transactions:
7. ATTACHMENTS
• Investment Report for April 2022
• Investment Report for May 2022
• Investment Report for June 2022