City Council Agenda
Memo to: Manteca City Council
From: Jared Hansen, Acting Finance Director
Date: September 21, 2021
Subject: FY 2021-21 Q3 and Q4 Quarterly Treasurer’s Report
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Receive and file the FY 2021-21 Q3 Quarterly Treasurer’s Report and the FY 2020-21 Q4 Quarterly Treasurer’s Report
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Background:
The attached reports provide an overview of the City’s cash and investments as of March 31, 2021 and June 30, 2021. This report was prepared by the City’s investment advisor, PFM Asset Management, who assists with the management of the City’s investment portfolio. The City’s strategy is to maintain sufficient cash to manage day-to-day activities and to utilize PFM to focus on longer-term investment activities.
As of March 31, 2021, the City’s cash and investments totaled $230,607,132. As of June 30, 2021, the City’s cash and investments totaled $250,904,166. A summary of the City’s cash and investments as of June 30 compared to the prior quarter(s) is provided below:
All funds have been invested in compliance with the California Government Code sections 53601 et seq. and with the Investment Policy approved by the City Council in December 2020.
I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the next six-month’s estimated expenditures.
Fiscal Impact:
Receive and file. No fiscal impact.
Documents Attached:
1. Attachment 1 - Investment Report March 31, 2021
2. Attachment 2 - Investment Report June 30, 2021