HomeMy WebLinkAbout111621-05.3
ADMINISTRATIVE STAFF REPORT 5.3
TO: Mayor and Town Council November 16, 2021
SUBJECT: September 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 September 2021:
August September August September
31, 2021 30, 2021 31, 2021 30, 2021
Town Funds $95,199,832 $93,282,569 $96,203,397 $94,018,894
Trust Funds 1,136,341 1,799,273 1,136,341 1,799,273
Assessment & SA 2,428,226 1,691,758 2,426,400 1,689,703
Total Cash & Investments $98,764,399 $96,773,600 $99,766,138 $97,507,870
Total Cash & Investments
Year-to-Year Comparison
2020 $83,767,206 $81,825,008 $85,767,267 $83,729,457
Cost Basis Market Value
Purchases for the month of September 2021 consisted of one U.S. Treasury Note for
$1,397,266 (maturity date September 15, 2024) and one Inter-American Dev Bank Note
for $1,249,075 (maturity date September 23, 2024).
There were no purchases for the NERIAD Fund for the month of September 2021.
Maturities for the month included one U.S. Treasury Note for $1,202,393.
Sales before maturities for the month included one U.S. Treasury Note for $1,465,781, one
Honda Auto Receivables Trust 2019-3 A3 for $37,566, one John Deere Owner Trust
Sep 2021 Treasurer’s Report 2 November 16, 2021
2019-B A3 for $10,942, one Nissan Auto Receivables Owner 2019-C A3 for $39,356, and
one Honda Auto Receivables Trust 2018-3 A3 for $22,565.
There were no maturities for the NERIAD Fund for the month of September 2021.
The Town’s net cash position changed from $16,810,591 to $15,025,582 during the month
of September 2021. This consisted of operating expenses in excess of operating revenues
of -$2,074,588 net funds invested of $109,696, premium/discount recognition of $85,984
and interest received of $93,899.
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 September 2021 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Director/Treasurer
Reviewed by:
Joseph A. Calabrigo
Town Manager
Attachment: September 2021 Month End Treasurer’s Report