TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Richard A. Rohm, City Treasurer
Trang Nguyen, Finance Director
1. SUBJECT
title
Monthly Treasurer's Reports for January, February, and March 2024.
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2. SUMMARY
These reports provide a compilation of three-monthly Treasurer's Reports to the City Council for the third quarter of Fiscal Year 2023-2024. Included in the reports are an economic update and detail of the City's portfolio holdings, monthly transactions, and consolidated information on all cash and investments.
3. RECOMMENDED ACTION
recommendation
Receive and file.
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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 Fiscal Year 2023-24 Statement of Investment Policy has been adopted by the City Council of the City of Orange as Resolution 11469 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 summary of Treasurer's cash and investments is also included.
Summary of Cash and Investments:
Cash & Investments Balance(1)
Chandler Investments:
$101,965,873
LAIF, City:
33,294,428
LAIF, Successor Agency:
9,900,630
Wells Fargo Bank:
18,049,575
Balance at 03/31/2024
$163,210,506
(1)Represents...
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