HomeMy WebLinkAbout121520-05.4ADMINISTRATIVE STAFF REPORT 5.4
TO: Mayor and Town Council December 15, 2020
SUBJECT: October 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 October 2020:
September October September October
30, 2020 31, 2020 30, 2020 31, 2020
Town Funds $78,948,441 $76,889,558 $80,853,611 $78,694,833
Trust Funds 1,158,309 1,162,671 1,158,309 1,162,671
Assessment & SA 1,718,258 1,713,040 1,717,537 1,711,392
Total Cash & Investments $81,825,008 $79,765,269 $83,729,457 $81,568,896
Total Cash & Investments
Year-to-Year Comparison
2019 $83,383,364 $86,750,474 $84,131,025 $87,644,233
Cost Basis Market Value
There were no purchases for the month of October 2020.
There were no purchases for the NERIAD Fund for the month of October 2020.
Maturities for the month included one U.S. Treasury Note for $1,301,122.
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $17,461 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$35,050.
There were no maturities for the NERIAD Fund for the month of October 2020.
October 2020 Treasurer’s Report 2 December 15, 2020
The Town's net cash position changed from $10,226,445 to $9,521,189 during the month
of October 2020. This consisted of operating expenses in excess of operating revenues of
-$2,066,476, net funds invested of $1,301,122, premium/discount recognition of -$5 and
interest received of $60,103.
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 October 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: October 2020 Month End Treasurer’s Report
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