HomeMy WebLinkAbout102020-05.3
ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council October 20, 2020
SUBJECT: August 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 August 2020:
July August July August
31, 2020 31, 2020 31, 2020 31, 2020
Town Funds $81,376,697 $81,301,595 $83,458,638 $83,301,710
Trust Funds 1,062,598 1,124,644 1,062,598 1,124,644
Assessment & SA 2,735,483 1,340,967 2,736,806 1,340,913
Total Cash & Investments $85,174,778 $83,767,206 $87,258,042 $85,767,267
Total Cash & Investments
Year-to-Year Comparison
2019 $87,829,114 $85,050,221 $88,202,486 $85,923,186
Cost Basis Market Value
Purchases for the month of August 2020 consisted of one Federal National Mortgage
Association Note for $900,054 (maturity date July 10, 2023), one Federal Home Loan
Mortgage Corporation Note for $1,498,245 (maturity date July 25, 2022) and one Federal
Farm Credit Bank Note for $1,496,880 (maturity date August 14, 2023).
Purchases for the NERIAD Fund for the month of August 2020 consisted of one U.S.
Treasury Note for $224,754 (maturity date July 15, 2021).
Maturities for the month included one State Street Bank Note for $816,280 and one U.S.
Treasury Note for $1,188,238.
August 2020 Treasurer’s Report 2 October 20, 2020
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $19,022 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$38,795.
Maturities for the NERIAD Fund for the month of August 2020 consisted of one U.S.
Treasury Note for $159,538.
The Town's net cash position changed from $15,428,291 to $13,520,340 during the month
of August 2020. This consisted of operating expenses in excess of operating revenues of
-$82,737, net funds invested of -$1,890,661, premium/discount recognition of -$4,050 and
interest received of $69,497.
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 August 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: August 2020 Month End Treasurer’s Report