07. JANUARY 31, 2024Introduction
Month Ending
Active Deposits
Ending Book
Value
Inactive
Deposits
Ending Book
Value Interest
Realized
Gain/(Loss)
Yield at
Cost
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%
October 31, 2023 182,724,022 12,394,050 589,614 (29,059)3.690%
November 30, 2023 183,475,275 12,054,647 535,918 (5,426)3.713%
December 31, 2023 190,311,419 12,031,786 509,530 (9,635)3.581%
January 31, 2024 194,307,263 12,000,700 584,092 (7,084)3.527%
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of January 31, 2024
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 January 31,2024 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
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Schedule of Investments
Par Value
Book Value Price
@ Cost
(Fair Value)
Market Value Yield
Money Market Accounts:
Citizens Business Bank - Money Market 3,011,961$ 3,011,961$ 3,011,961$ 0.100%
First American Govt Oblig Fund CI Y 32,111 32,111 32,111 4.930%
Total Money Market 3,044,072$ 3,044,072$ 3,044,072$ 0.151%
Sweep Accounts:
Citizens Business Bank - General Sweep 48,392,291$ 48,392,291$ 48,392,291$ 0.100%
Total Sweep Accounts 48,392,291$ 48,392,291$ 48,392,291$ 0.100%
Pooled Investment Accounts:
CAMP Pool 102,235,614$ 102,235,614$ 102,235,614$ 5.540%
Local Agency Investment Fund*1,443,854 1,443,854 1,434,531 4.000%
Total Pooled Investment 103,679,468$ 103,679,468$ 103,670,145$ 5.519%
PFM Managed Investment Portfolio:
U.S. Treasury Bond / Note 18,620,000$ 18,098,270$ 17,430,888$ 2.280%
U.S. Treasury Bill - - - 5.270%
Supra-National Agency Bond / Note 565,000 564,910 548,705 0.520%
Municipal Bond / Note 1,110,000 1,110,278 1,064,502 0.780%
Federal Agency Commercial 5,223,804 5,134,041 5,227,849 4.920%
Asset-Back Security / Collateralized 2,187,245 2,186,958 2,201,265 4.520%
Certificate of Deposit 720,000 720,000 719,670 5.260%
Federal Agency Bond / Note 4,220,000 4,216,310 3,980,743 0.560%
Bank Note 555,000 554,354 563,498 5.500%
Corporate Note 6,629,000 6,606,312 6,486,997 3.190%
Total PFM Managed Investments 39,830,049$ 39,191,432$ 38,224,118$ 2.752%
194,945,879$ 194,307,263$ 193,330,626$ 3.527%
Checking Account:
Citizens Business Bank - General Account 12,000,000$ 12,000,000$ 12,000,000$ 0.000%
Citizens Business Bank - HdL Holding 700$ 700$ 700$ 0.000%
Total Inactive Deposits 12,000,700$ 12,000,700$ 12,000,700$ 0.000%
12,000,700$ 12,000,700$ 12,000,700$
206,946,579$ 206,307,963$ 205,331,326$
*yield as of the prior quarter end
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 January 31, 2024
GRAND TOTAL CASH
ACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS
ACTIVE DEPOSITS
Institution
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Dash Board Report Card
I. PORTFOLIO DIVERSIFICATION
Money Market 1.57%Sweep 25.03%LAIF 0.74%CAMP Pool 52.88%Certificates of Deposit 0.37%U.S. Treasury Bond/ Note 9.02%U.S. Treasury Bill 0.00%Supra-National Agency Bond/Note 0.28%Municipal Bond / Note 0.55%Federal Agency Collaterized Mortgage 2.70%Asset-Backed Security/ Collateralized 1.14%Federal Agency Bond/ Note 2.06%Bank Note 0.29%Corporate Note 3.36%100.00%
Less Than 90 Days 80.31%90 days to Six Months (26 Weeks)0.36%Six Months to One Year (52 Weeks)0.75%One to Two Years (104 Weeks)5.42%Two to Three Years (156 Weeks)4.97%Three to Four Years (208 Weeks)3.29%Four to Five Years 4.91%Five Years +0.00%100.00%
II. PORTFOLIO PERFORMANCE MEASURES
Yield at Cost - January 31, 2023 3.527%
Annual Investment Income Budget 2,539,578$ A
Investment Income Received-YTD 12/31/2024 3,281,164 B
Less Investment Fees (23,839) C
Net Investment Income Received-YTD 12/31/2024 3,257,326$ B+C
Over/(Under) Annual Budget 717,748$ C-B
% of Annual Budget 128.262%
Net Yield Annualized at Cost - January 31, 2024 3.523%
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2023-24 as of January 31, 2024
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 January 31, 2024
CAMP Pool
72.1%
Local Agency Investment
Fund
1.0%
U.S. Treasury
Bond / Note
12.3%
U.S. Treasury Bill0.0%Supra-National Agency Bond / Note0.4%
Municipal Bond / Note
0.8%
Federal Agency
Commercial
3.7%
Asset-Back Security / Collateralized1.6%
Certificate of Deposit
0.5%
Federal Agency Bond / Note
2.8%
Bank Note
0.4%Corporate Note4.6%
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 January 31, 2024
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 - January 31, 2024
Money Market Accounts 3,044,072$
Sweep Accounts 48,392,291
Pooled Investment Accounts 103,679,468
PFM Managed Investments 39,191,432
Checking Account 12,000,700
Grand Total Cash - January 31, 2024 206,307,963$
Breakdown of Total Cash at January 31, 2024
Non-Spendable & Restricted Funds (Non-Discretionary Per Law):66,991,766$
per 06/30/2023 audited financials
Committed (Formal Action of City Council):93,515,029
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*23,265,971
Grand Total Cash - January 31, 2024 206,307,963$
Fiscal Year 2023-24 as of January 31, 2024
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
$29,926,103.
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov
Investment Income Detail
Yield at Cost - January 31, 2024 3.527%
Annual Investment Income Budget A 2,539,578$
Investment Income Received YTD:
Money Market (CBB)1,774$
Sweep (CBB)22,204
Money Market (PFM)7,056
LAIF 38,173
CAMP Pool 3,258,909
Certificate of Deposits 28,629
Municipal Bond/Note 11,557
U.S. Treasury Bill 155,319
U.S. Treasury Bond/ Note 477
Federal Agency Bond/ Note 15,738
Federal Agency Commercial Mortgage Backed Security 39,095
Asset-Backed Security 67,465
Corporate Note 106,241
Bank Note (1,092)
Supra-National Agency Bond/Note 1,413
Realized Gain/ (Loss)(471,793)
Total Investment Income Received-YTD 01/31/2024 B 3,281,164
Less Investment Fees Paid:
Trust Fees-U.S. Bank (2,569)
Management Fee-PFM (21,270)
Total Investment Fees Paid-YTD 01/31/2024 C (23,839)
Net Investment Income Received-YTD 01/31/2024 B+C 3,257,326$
Investment Income Over/(Under) Annual Budget C-B 717,748$
% of Annual Budget 128.262%
Net Yield Annualized at Cost - January 31, 2024 3.523%
Fiscal Year 2023-24 as of January 31, 2024
Treasurer's Report
CITY OF EASTVALE
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov