HomeMy WebLinkAbout021621-05.3ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council February 16, 2021
SUBJECT: December 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 December 2020:
November December November December
30, 2020 31, 2020 30, 2020 31, 2020
Town Funds $76,852,385 $81,730,493 $78,598,972 $83,463,161
Trust Funds 1,161,984 1,205,061 1,161,984 1,205,061
Assessment & SA 1,715,367 1,714,464 1,712,878 1,712,879
Total Cash & Investments $79,729,736 $84,650,018 $81,473,834 $86,381,101
Total Cash & Investments
Year-to-Year Comparison
2019 $83,566,684 $77,305,870 $84,317,835 $78,077,354
Cost Basis Market Value
Purchases for the month of December 2020 consisted of one Federal Home Loan
Mortgage Corporation Note for $1,499,610 (maturity date December 4, 2023).
Purchases for the NERIAD Fund for the month of December 2020 consisted of one U.S.
Treasury Note for $127,075 (maturity date November 30, 2021).
Maturities for the month included one Federal Home Loan Bank Note for $1,520,355.
Sales before maturities for the month included one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $15,253 and one Honda Auto Receivables Trust 2018-3 A3 (partial) for
$31,403.
December 2020 Treasurer’s Report 2 February 16, 2021
Maturities for the NERIAD Fund for the month of December 2020 included one Federal
Farm Credit Bank Note for $101,432.
The Town's net cash position changed from $7,776,136 to $12,721,640 during the month
of December 2020. This consisted of operating revenues in excess of operating expenses
of $4,820,377, net funds invested of $20,745, premium/discount recognition of -$21,782
and interest received of $126,164.
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 December 2020 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: December 2020 Month End Treasurer’s Report
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