03. SEPTEMBER 30, 2023Introduction
Month Ending
Active Deposits
Ending Book
Value
Inactive
Deposits
Ending Book
Value Interest
Realized
Gain/(Loss)
Yield at
Cost
October 31, 2022 $ 137,816,990 $ 12,000,700 281,011$ $ (3,647)2.326%
November 30, 2022 142,166,822 12,327,800 304,147 2,765 2.690%
December 31, 2022 148,512,941 12,000,700 308,283 (8,044)2.833%
January 31, 2023 154,418,779 12,000,700 390,849 (26,577)3.303%
February 28, 2023 162,629,841 12,016,072 407,911 (116)3.274%
March 31, 2023 162,694,333 12,001,949 408,993 (14,774)3.304%
April 30, 2023 167,020,458 12,034,275 425,285 (14,092)3.366%
May 31, 2023 172,587,028 12,052,233 495,818 (6,939)3.410%
June 30, 2023 177,726,380 12,006,037 456,894 (15,281)3.337%
July 31, 2023 176,282,165 12,355,943 506,040 (116,443)3.513%
August 31, 2023 178,926,480 12,437,030 539,415 (139,395)3.639%
September 30, 2023 183,237,505 12,006,536 488,349 (164,751)3.637%
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of September 30, 2023
In accordance with the City Investment Policy,a quarterly investment report shall be filed with the City Council which provides
a clear picture of the status of the current investments.The report for the month ending September 30,2023 has been
prepared by City Staff.We hereby certify that this report accurately reflects all pooled investments and is in compliance with
the City’s Investment Policy.Combined with anticipated revenues,the portfolio contains sufficient investment liquidity to
meet budgeted expenditures for the next six months.
12 MONTH BALANCES
eastvaleca.gov
Schedule of Investments
Par Value
Book Value Price
@ Cost
(Fair Value)
Market Value Yield
Money Market Accounts:
Citizens Business Bank - Money Market 3,010,938$ 3,010,938$ 3,010,938$ 0.100%
First American Govt Oblig Fund CI Y 96,374 96,374 96,374 4.940%
Total Money Market 3,107,311$ 3,107,311$ 3,107,311$ 0.250%
Sweep Accounts:
Citizens Business Bank - General Sweep 39,575,368$ 39,575,368$ 39,575,368$ 0.100%
Total Sweep Accounts 39,575,368$ 39,575,368$ 39,575,368$ 0.100%
Pooled Investment Accounts:
CAMP Pool 100,344,963$ 100,344,963$ 100,344,963$ 5.550%
Local Agency Investment Fund*1,416,717 1,416,717 1,395,224 3.150%
Total Pooled Investment 101,761,680$ 101,761,680$ 101,740,186$ 5.517%
PFM Managed Investment Portfolio:
U.S. Treasury Bond / Note 19,180,000$ 18,591,475$ 17,444,252$ 2.320%
Supra-National Agency Bond / Note 565,000 564,863 537,743 0.520%
Municipal Bond / Note 1,470,000 1,470,347 1,402,736 1.060%
Federal Agency Commercial 3,820,349 3,737,017 3,683,398 4.850%
Asset-Back Security / Collateralized 1,609,589 1,609,374 1,590,391 4.090%
Certificate of Deposit 720,000 720,000 712,322 5.260%
Federal Agency Bond / Note 4,220,000 4,215,484 3,879,384 0.560%
Bank Note 555,000 554,268 551,573 5.500%
Corporate Note 7,349,000 7,330,316 7,028,407 2.920%
Total PFM Managed Investments 39,488,939$ 38,793,145$ 36,830,207$ 2.585%
183,933,299$ 183,237,505$ 181,253,073$ 3.637%
Checking Account:
Citizens Business Bank - General Account 12,005,836$ 12,005,836$ 12,005,836$ 0.000%
Citizens Business Bank - HdL Holding 700$ 700$ 700$ 0.000%
Total Inactive Deposits 12,006,536$ 12,006,536$ 12,006,536$ 0.000%
12,006,536$ 12,006,536$ 12,006,536$
195,939,835$ 195,244,041$ 193,259,609$
*yield as of the prior quarter end
GRAND TOTAL CASH
Per Government Code requirements, the Investment Report is in compliance with the City of Eastvale's Investment Policy, and there are
adequate funds available to meet budgeted and actual expenditures for the next six months.
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of September 30, 2023
ACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS
ACTIVE DEPOSITS
Institution
eastvaleca.gov
Dash Board Report Card
I. PORTFOLIO DIVERSIFICATION
Money Market 1.71%Sweep 21.83%LAIF 0.77%CAMP Pool 55.36%Certificates of Deposit 0.39%U.S. Treasury Bond/ Note 9.62%Supra-National Agency Bond/Note 0.30%Municipal Bond / Note 0.77%Federal Agency Collaterized Mortgage 2.03%Asset-Backed Security/ Collateralized 0.88%Federal Agency Bond/ Note 2.14%Bank Note 0.30%Corporate Note 3.88%100.00%
Less Than 90 Days 79.88%90 days to Six Months (26 Weeks)0.42%Six Months to One Year (52 Weeks)0.80%One to Two Years (104 Weeks)3.82%Two to Three Years (156 Weeks)6.57%Three to Four Years (208 Weeks)2.79%Four to Five Years 5.52%Five Years +0.20%100.00%
II. PORTFOLIO PERFORMANCE MEASURES
Yield at Cost - September 30, 2023 3.637%
Annual Investment Income Budget 2,539,578$ A
Investment Income Received-YTD 09/30/2023 1,113,215 B
Less Investment Fees (10,377) C
Net Investment Income Received-YTD 09/30/2023 1,102,838$ B+C
Over/(Under) Annual Budget (1,436,740)$ C-B
% of Annual Budget 43.426%
Net Yield Annualized at Cost - September 30, 2023 3.654%
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of September 30, 2023
DIVERSIFICATION BY INSTRUMENT
DIVERSIFICATION BY MATURITY
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Dash Board Report Card
Diversification by Maturity
Diversification by Investment
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of September 30, 2023
CAMP Pool
72.4%
Local Agency Investment Fund1.0%
U.S. Treasury
Bond / Note
12.6%
Supra-National Agency
Bond / Note
0.4%
Municipal Bond / Note
1.0%
Federal Agency
Commercial
2.7%
Asset-Back Security / Collateralized1.1%
Certificate of Deposit
0.5%
Federal Agency Bond / Note
2.8%Bank Note
0.4%Corporate Note5.1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 >5% of PortfolioMaturity in Years
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Dash Board Report Card
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of September 30, 2023
Year Over Year Interest Income
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 YTDNet Interest Income ReceivedFiscal Year
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Cash Breakdown per Fund Balance Reserve Policy
Schedule of Investments - September 30, 2023
Money Market Accounts 3,107,311$
Sweep Accounts 39,575,368
Pooled Investment Accounts 101,761,680
PFM Managed Investments 38,793,145
Checking Account 12,006,536
Grand Total Cash - September 30, 2023 195,244,041$
Breakdown of Total Cash at September 30, 2023
Non-Spendable & Restricted Funds (Non-Discretionary Per Law):47,155,092$
per 06/30/2022 audited financials
Committed (Formal Action of City Council):101,915,029
per fiscal year 2023-24 budget
Assigned (City's Intent):
per fiscal year 2023-24 budget
Fire Operations
per fiscal year 2023-24 budget 5,915,138
General Fund Emergency Contingency:
per fund balance reserve policy +16,727,608
All Funds Adopted Budget
Revenues 108,054,398 Expenditures 107,946,849
All Funds Net Revenue -107,549
Total Designated/ Assigned 22,535,197
Unassigned*23,638,723
Grand Total Cash - September 30, 2023 195,244,041$
Fiscal Year 2023-24 as of September 30, 2023
Treasurer's Report
CITY OF EASTVALE
*Restricted,committed,and assigned figures based on estimated fund balances at the end of the fiscal
year,06/30/2024.However cash estimates in this report are based on the current month.As a result,it is
typical that a variance exists between projected unassigned cash balance and current unassigned cash
balances.The variance will not be resolved until the end of the fiscal year.A negative unassigned cash
balance in the current period does not indicate a cash flow issue for the city.As an example,the General
and Fire Funds are projected to end the fiscal year with a combined unassigned cash balance of
$29,923,103.
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Investment Income Detail
Yield at Cost - September 30, 2023 3.637%
Annual Investment Income Budget A 2,539,578$
Investment Income Received YTD:
Money Market (CBB)751$
Sweep (CBB)8,491
Money Market (PFM)3,128
LAIF 11,037
CAMP Pool 1,368,257
Certificate of Deposits -
Municipal Bond/Note 3,606
U.S. Treasury Bond/ Note 67,056
Federal Agency Bond/ Note 9,697
Federal Agency Commercial Mortgage Backed Security 2,737
Asset-Backed Security 6,613
Corporate Note 52,111
Bank Note (1,092)
Supra-National Agency Bond/Note 1,413
Realized Gain/ (Loss)(420,588)
Total Investment Income Received-YTD 09/30/2023 B 1,113,215
Less Investment Fees Paid:
Trust Fees-U.S. Bank (1,140)
Management Fee-PFM (9,237)
Total Investment Fees Paid-YTD 09/30/2023 C (10,377)
Net Investment Income Received-YTD 09/30/2023 B+C 1,102,838$
Investment Income Over/(Under) Annual Budget C-B (1,436,740)$
% of Annual Budget 43.426%
Net Yield Annualized at Cost - September 30, 2023 3.654%
Fiscal Year 2023-24 as of September 30, 2023
Treasurer's Report
CITY OF EASTVALE
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov