HomeMy WebLinkAbout011221-05.4
ADMINISTRATIVE STAFF REPORT 5.4
TO: Mayor and Town Council January 12, 2021
SUBJECT: November 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 November 2020:
October November October November
31, 2020 30, 2020 31, 2020 30, 2020
Town Funds $76,889,558 $76,852,385 $78,694,833 $78,598,972
Trust Funds 1,162,671 1,161,984 1,162,671 1,161,984
Assessment & SA 1,713,040 1,715,367 1,711,392 1,712,878
Total Cash & Investments $79,765,269 $79,729,736 $81,568,896 $81,473,834
Total Cash & Investments
Year-to-Year Comparison
2019 $86,750,474 $83,566,684 $87,644,233 $84,317,835
Cost Basis Market Value
Purchases for the month of November 2020 consisted of one Federal Home Loan
Mortgage Corporation Note for $1,453,691 (maturity date November 6, 2023), of one
International Bank Recon & Development Note for $354,237 (maturity date November
24, 2023) and of one Federal National Mortgage Association Note for $1,499,160 (maturity
date November 27, 2023).
Purchases for the NERIAD Fund for the month of November 2020 consisted of one U.S.
Treasury Note for $249,759 (maturity date November 4, 2021).
Maturities for the month included one Federal Farm Credit Bank Note for $349,279 and
one U.S. Treasury Note for $1,198,457.
November 2020 Treasurer’s Report 2 January 12, 2021
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $16,602 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$34,874.
Maturities for the NERIAD Fund for the month of November 2020 included one U.S.
Treasury Note for $274,807.
The Town's net cash position changed from $9,521,189 to $7,776,136 during the month of
November 2020. This consisted of operating expenses in excess of operating revenues of
-$174,544, net funds invested of -$1,759,351, premium/discount recognition of -$1,341
and interest received of $190,183.
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 November 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: November 2020 Month End Treasurer’s Report
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