HomeMy WebLinkAbout091520-05.3ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council September 15, 2020
SUBJECT: July 2020 Month End Treasurer’s Report
BACKGROUND
The California Government Code and the Town of Danville’s Investment Policy require
that a report specifying the investment activity during the month, as well as the month-
end investment balances, be prepared and presented to the Town Council on a monthly
basis.
DISCUSSION
Beginning and Ending Cash and Investment Balances for the month of July 2020:
June July June July
30, 2020 31, 2020 30, 2020 31, 2020
Town Funds $83,281,688 $81,376,697 $85,325,995 $83,458,638
Trust Funds 1,039,528 1,062,598 1,039,528 1,062,598
Assessment & SA 2,481,594 2,735,483 2,483,694 2,736,806
Total Cash & Investments $86,802,810 $85,174,778 $88,849,217 $87,258,042
Total Cash & Investments
Year-to-Year Comparison
2019 $92,059,907 $87,829,114 $92,569,720 $88,202,486
Cost Basis Market Value
Purchases for the month of July 2020 consisted of one Federal National Mortgage
Association Note for $558,796 (maturity date July 10, 2023).
There were no purchases for the NERIAD Fund for the month of July 2020.
Maturities for the month included one Federal Home Loan Bank Note for $1,521,315 and
one U.S. Treasury Note for $1,520,923.
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $19,015 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$38,899.
July 2020 Treasurer’s Report 2 September 15, 2020
There were no maturities for the NERIAD Fund for the month of July 2020.
The Town's net cash position changed from $14,791,932 to $15,428,291 during the month
of July 2020. This consisted of operating expenses in excess of operating revenues of
$1,982,769, net funds invested of $2,483,442, premium/discount recognition of -$42,232
and interest received of $177,918.
Cash requirements have been projected for the next 12 months, and the Town is in a
position to meet its cash requirements.
All investments that the Town owns are in compliance with the California Government
Code and the Town’s Investment Policy.
PUBLIC CONTACT
Posting of the meeting agenda serves as notice to the general public.
RECOMMENDATION
Accept the July 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: July 2020 Month End Treasurer’s Report