HomeMy WebLinkAbout111720-05.3
ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council November 17, 2020
SUBJECT: September 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 September 2020:
August September August September
31, 2020 30, 2020 31, 2020 30, 2020
Town Funds $81,301,595 $78,948,441 $83,301,710 $80,853,611
Trust Funds 1,124,644 1,158,309 1,124,644 1,158,309
Assessment & SA 1,340,967 1,718,258 1,340,913 1,717,537
Total Cash & Investments $83,767,206 $81,825,008 $85,767,267 $83,729,457
Total Cash & Investments
Year-to-Year Comparison
2019 $85,050,221 $83,383,364 $85,923,186 $84,131,025
Cost Basis Market Value
Purchases for the month of September 2020 consisted of one Federal Home Loan
Mortgage Corporation Note for $899,706 (maturity date September 8, 2023), one Federal
Home Loan Mortgage Corporation Note for $599,724 (maturity date September 8, 2023)
and one Federal Home Loan Mortgage Corporation Note for $1,501,095 (maturity date
September 24, 2023).
There were no purchases for the NERIAD Fund for the month of September 2020.
Maturities for the month included one Intl. Bank Recon & Development Bank Note for
$1,499,685 and one U.S. Treasury Note for $496,095.
September 2020 Treasurer’s Report 2 November 17, 2020
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $17,258 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$36,752.
There were no maturities for the NERIAD Fund for the month of September 2020.
The Town's net cash position changed from $13,520,340 to $10,226,445 during the month
of September 2020. This consisted of operating expenses in excess of operating revenues
of -$2,408,278, net funds invested of -$994,745, premium/discount recognition of -$4,225
and interest received of $113,353.
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 September 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: September 2020 Month End Treasurer’s Report
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