06. DECEMBER 31, 2012City of Eastvale
City Council Meeting Agenda
Staff Report
MEETING DATE: February 27, 2013
TO: MAYOR AND COUNCIL MEMBERS
FROM: TERRY SHEA, FINANCE DIRECTOR
SUBJECT: TREASURER’S REPORT – QUARTER ENDED DECEMBER 31,
2012
RECOMMENDATION: RECEIVE AND FILE THE CITY TREASURER’S REPORT
BACKGROUND:
In accordance with Resolution 11-02, City of Eastvale’s Investment Policy, adopted January 12,
2011, the City Treasurer is required to submit a quarterly treasurer’s report to the City Council.
The report shall include types of investments, investment ratings, institutions involved, dates of
purchases, dates of maturity, amount of deposits or cost of the security, current market value of
the securities, interest rates, investment fund balances and a statement that there are sufficient
funds to meet the City’s cash obligations.
DISCUSSION:
This schedule of investments is in compliance with the City’s Investment Policy and the City has
sufficient funds to meet its expenditure requirements for the next six months. Total cash and
investments at December 31, 2012 is $18,030,060
FISCAL IMPACT:
No budget or fiscal impact.
ATTACHMENTS:
1. Treasurer’s Report – Quarter Ending December 31, 2012
Prepared by: Joann Gitmed
Reviewed by: Terry Shea, Finance Director
Carol Jacobs, City Manager
City Attorney