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ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council May 18, 2021
SUBJECT: March 2021 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 March 2021:
February March February March
28, 2021 31, 2021 28, 2021 31, 2021
Town Funds $85,442,234 $85,711,987 $86,889,428 $87,013,168
Trust Funds 1,159,816 1,202,427 1,159,816 1,202,427
Assessment & SA 1,995,881 1,709,445 1,993,555 1,708,864
Total Cash & Investments $88,597,931 $88,623,859 $90,042,799 $89,924,459
Total Cash & Investments
Year-to-Year Comparison
2020 $79,810,534 $79,084,311 $81,286,477 $80,887,709
Cost Basis Market Value
Purchases for the month of March 2021 consisted of one John Deere Capital Corp Note
for $614,563 (maturity date January 17, 2024), one John Deere Owner Trust 2021-A A3 for
$254,951 (maturity date September 15, 2025) and one U.S. Treasury Note for $846,115
(maturity date March 31, 2025).
Purchases for the NERIAD Fund for the month of March 2021 consisted of one U.S.
Treasury Note for $250,742 (maturity date March 31, 2022).
Maturities for the month included one U.S. Treasury Note for $1,478,501.
Sales before maturities for the month included one PNC Bank Note Continuously
Callable for $887,257, one Oracle Corp Callable Note for $1,016,200, one John Deere
March 2021 Treasurer’s Report 2 May 18, 2021
Owner Trust 2019-B A3 (partial) for $17,921.63, one Honda Auto Receivables Trust 2018-
2 A3 (partial) for $13,882.88 and one Honda Auto Receivables Trust 2018-3 A3 (partial)
for $27,145.64.
Maturities for the NERIAD Fund for the month of March 2021 included one U.S. Treasury
Note for $252,178.
The Town's net cash position changed from $15,668,325 to $17,663,349 during the month
of March 2021. This consisted of operating revenues in excess of operating expenses of
$86,842 net funds invested of $1,725,279, premium/discount recognition of $46,958 and
interest received of $135,945.
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 March 2021 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Manager/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: March 2021 Month End Treasurer’s Report