HomeMy WebLinkAbout092121-05.3
ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council September 21, 2021
SUBJECT: July 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 July 2021:
June July June July
30, 2021 31, 2021 30, 2021 31, 2021
Town Funds $93,770,239 $96,432,440 $94,838,294 $97,527,701
Trust Funds 1,098,358 1,115,682 1,098,358 1,115,682
Assessment & SA 2,474,547 2,449,867 2,473,194 2,448,285
Total Cash & Investments $97,343,144 $99,997,989 $98,409,846 $101,091,668
Total Cash & Investments
Year-to-Year Comparison
2020 $86,802,810 $85,174,778 $88,849,217 $87,258,042
Cost Basis Market Value
Purchases for the month of July 2021 consisted of one John Deere Owner Trust 2021-B
A3 for $309,972 (maturity date March 16, 2026), one U.S. Treasury Note for
$1,499,648 (maturity date July 15, 2024), one U.S. Treasury Note for
$1,482,246 (maturity date June 30, 2025).
Purchases for the NERIAD Fund for the month of July 2021 consisted of one U.S.
Treasury Bill for $234,836 (maturity date July 14, 2022).
There were no maturities for the month of July 2021.
Sales before maturities for the month included one Apple Inc Callable Note Cont for
$729,450, one Honda Auto Receivables Trust 2019-3 A3 (partial) for $42,249, one John
July 2021 Treasurer’s Report 2 September 21, 2021
Deere Owner Trust 2019-B A3 (partial) for $10,294, one Nissan Auto Receivables Owner
2019-C A3 (partial) for $16,096, one Honda Auto Receivables Trust 2018-2 A3 (partial) for
$11,969, and one Honda Auto Receivables Trust 2018-3 A3 (partial) for $24,940.
Maturities for the NERIAD Fund for the month of July 2021 consisted of one Treasury
Bill, for $224,754.
The Town's net cash position changed from $20,524,080 to $20,729,406 during the month
of July 2021. This consisted of operating revenues in excess of operating expenses of
$2,575,062 net funds invested of -$2,456,868, premium/discount recognition of
$20,803 and interest received of $66,329.
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 July 2021 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Director/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: July 2021 Month End Treasurer’s Report