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HomeMy Public PortalAbout12) 7E FY 2018-19 Third Quarter Budget Review, Revenue, Expenditure, Capital Project Summary Reports and Treasurers ReportDATE: TO: FROM: ADMINISTRATIVE SERVICES DEPARTMENT MEMORANDUM May 7 , 2019 The Honorable City Council Bryan Cook , C ity Manager 4 Via : Susan Paragas, Administrative Services Director 'J AGENDA ITEM 7.E. SUBJECT: FISCAL YEAR (FY) 2018-19 THIRD QUARTER BUDGET REVIEW, REVENUE, EXPENDITURE, AND CAPITAL PROJECT SUMMARY REPORTS AND TREASURER'S REPORT RECOMMENDATION: The City Council is requested to : 1. Rece ive a nd file the FY 2018-19 Th ird ("3rd") Quarter Budget Review and rel ated reports ; 2. Authorize staff to increase Proposition A budget expend iture by $18 ,000 as identified in Section 2 . 3 . Authorize staff to increase the budget expenditure for the Rio Hondo/Eaton Wash TMDL LRS project by $6 ,000 as discussed in Section 4 from the General Fund reserves . BACKGROUND: 1. On June 19 ,2018 , the C ity Council approved the Fiscal Year 2018-19 (FY 2019) Operating Budget for all funding source in the amount of $20 ,505 ,665 . 2. On June 19 , 2018 , the City Council adopted Resolution No . 18-5333 adopting the FY 2019 Statement of Investment Policy. 3. On August 7, 2018, the City Council adopted Resolution No . 18-5351 appropriated $40 ,000 from General Fund Reserve to implement provisions of MOU between the City and the City Employees Association from July 1, 2018 to June 30 , 2019 . 4 . On September 4 , 2018 , the City Council adopted Resolution No . 18-5358 appropriated $10 ,1 50 from the General Fund , Proposition A , and Lighting/Landscape District Funds for the eight Non-represented Management City Council May 7 , 2019 Page 2 of 6 Employees . 5. On November 6 , 2018 , the City Council approved $20 ,000 for participation in the Ring Rebate Program , $20 ,000 for the Waste Hauling Consultant Contract , and $8 ,287 for the CDBG loan repayment and rem ittance . 6. On February 19, 2019 , the City Council approved several budget adjustments in the General Fund ("GF"), Community Development Block G rant, Propos iti on A and Propos itio n C funds . ANALYSIS: Historically on a quarterly basis , staff has submitted reports to the City Council on revenue , and expenditure transactions and treasury activities . The FY 2018-19 3rd Quarter Budget review process provides the City Council with an opportunity to review and adjust original revenue projections and budgeted appropriations based on nine months of actual activity. Adjustments can result from changes in revenue projections based on actual revenue received from July 1, 2018 through March 31 , 2019 , as well as unanticipated expenditures due to information that was not previously ava il able . It is through significa nt diligence on the part of staff by finding cost-cu tting strategies that the City has been able to preserve its financial health without eliminating serv ices . 1. REVENUESUMMARYREPORT This report is a summary for the period of July 1, 2018 to March 31, 2019 , (Attachment "A"). By the end of the 3rd quarter, the percent of revenue received is generally 75% except for those types of revenues that are received annually such as business licenses , animal licenses , parking permits and franchise fees . Further, the major revenues , such as property tax and Vehicle In-Lieu Fees , are not received equally over a 12-month period , thus , providing a skewed percentage of actua l receipts collected to date . The City 's General Fund revenues are summarized into seven categories: • Taxes include revenues from property tax, sales tax , real estate transfer tax and franchise fees . The first major installment of property tax was received from December 2018 through February 2019. The second installment will be received in April and May of 2019. Taxes are slightly lower this 3rd quarter by about 1. 7% (-$62 ,000). This is attributable to Real Estate Transfer taxes and Franchise Fees being lower by 21 .6 % (-$31 ,650 ) and 21 .9% (- $42 ,660), respectively , compared to the same period i n FY 2017- 18 . The main reasons for the decreases in these two revenues are the slowdown in home sales in the City and not all of March 2019 Franchise Fees have been received . However, Sales City Council May 7 , 2019 Page 3 of 6 Taxes are higher by 5.5 % (+$69 ,300) due to a gl itch i n the State of California 's new reporting system that prevented companies to report sales tax collections in a timely basis , thus , unreported payments for the fourth quarter of FY 2017-18 were collected during FY 2018-19. • Licenses and Permits include building permits , business license fees , animal license fees , parking permits , impound fees , temporary parking permits, code enforcement fees and encroachment permits . During the 3rd quarter, revenues received from this category are 8 .2% higher (+$95 ,400) than the 3rd quarter last fiscal year primarily due to h igher permit fees and encroachment pe rmits , but Code Enforcement Fees are lower by 28 .8% (-$18 ,460 ) and is attributable to a vacant Code Enforcement Officer position lasting almost five months . • Intergovernmenta l is primarily Motor Vehicle In -Lieu , received from the State of California , which is 5.1% (+$115 ,000 ) higher than the 3rd quarter during the same time last year. • Charges for Services include revenues from recreat ion fees , facility rental fees , zoning fees , plan check fees , and public works and engineering fees . Also , included is the shared maintenance charge to Los Angeles County Public Library for the maintenance provided to the library parking lot. This category is lower by 20 .5% (-$231 ,000) than the same quarter last year pri mari ly due to a 37 .3 % decrease (-$201 ,800) in plan check fees . Recreation Fees are also lower by approximately 8 .2% (-$31 ,000 ) than last year. • Fines and Forfeitures reflect revenues received from court fines and parking citations issued by the Los Angeles County Sheriffs Department and City staff. The City also contracts with Data Ticket , Inc. to process park ing citat ions . Revenues rece ived from this category are slightly lower by 2 .9 % (-$11 ,800 ) than the same quarter of last year due to revenue decreases in park ing citations as a result of the absence of staff availability . • Use of Money and Property category reflects inte rest earned on City investments from LAIF , Certificates of Deposit (CD) and bond investments . Revenues from this category are $404 ,100 higher in comparison to the same period last year primarily as a result of the timing of recording interest revenues and allocations to other funds , as well as the adjustments to the fa i r market value of the investments and the recording of an unrealized gain or loss . The adjustments to the fair market value of investments are City Council May 7 , 2019 Page 4 of 6 required in accordance with Governmental Accounting Standards Board (GASB) 31. In an effort to continue with improved financial reporting, adjustments to the fair market value of investments are now recorded and reported on a quarterly basis rather than just at year end. • Miscellaneous category reflects revenues from Assembly Bill (AB)939 Reimbursements , Recyclable Revenue , and Rental Income . The City continues to receive monthly rental payments from Cingular Wireless (AT&T) and Temple City Chamber of Commerce. The revenue amount for this category is lower than last year's collections by about 15.8% (-$31 ,700 ) for the 3rd quarter because the City received revenues from the sale of vehicles last year of about $27 ,000 . Recyclable Revenue and Donations were also lower for this time period as compared to FY 2017-18 by 65 .8% (-$11 ,600) and 98 .3% (-$1 1,500), respectively . Non-General funding sources (i.e., Special Revenue Funds) are received from various funds such as Proposition A, Proposition C , Measure R , Measure M, Gas Tax , Road Maintenance Rehabilitation Account, Lighting/Landscape District and Community Development Block Grant. Some revenues are received on a monthly basis where others are received when forms are submitted for reimbursement of expenditures . The Special Fund Revenues are $209,300 higher this quarter in comparison to the same quarter of last fiscal year because the City has started to receive two new sources of revenues : Measure M and Road Maintenance Rehabilitation Account. After reviewing City revenue funds , there are no recommended adjustments . 2. EXPENDITURE SUMMARY REPORT This report is a summary for the period of July 1 , 2018 to March 31 , 2019 (Attachment "B "). By the end of the 3rd quarter, the percent expended is generally 75%. As is the C ity's policy, expenditures are kept to a minimum . Major programs that are contracted with Los Angeles County (i.e ., Sheriff's contract) are generally a month or two behind due to the County's time frame in invoicing the City . While the Administrative Services Department expenditures are showing 78 % expended as of March 31 , 2019 , there have been material one-time payments such as costs for liability and workers ' compensation insurance premiums that skew the percentage of spending . It is anticipated the Administrative Services Department will be within budget at fiscal year-end . The adopted FY 2018 -1 9 City Budget totaled $20 .5 million in Operating Expenditures , Vehicl e/Equipment Outlay and Capital Improvement Projects . City Council May 7, 2019 Page 5 of 6 However, with the adjustments approved with the Mid-Year Budget Report, the adjusted City Expenditure Budget was reduced to $20.4 million . Only one expenditure adjustment for a non-GF expenditure is recommended . An increase of $18,000 in Proposition A ("Prop A ") funds is needed due to additional costs projected for youth excursions and adult trips and has been approved by the Metropolitan Transit Authority . 3. EQUIPMENTNEHICLE REPLACEMENT The City adopted a budget for Equipment/ Vehicle Replacement of $107 ,000 . No adjustment is recommended at this time . 4. GENERAL FUND CAPITAL IMPROVEMENT PROJECTS (CIP) With the adoption of FY 2018-19 City Budget , the City Council approved $2 .84 million in CIP expenditures , of which 27 .25% of the total CIP budget, or $774 ,000 , are funded by the General Fund . The 3rd quarter CIP expenditures (Attachment "C") reflect year-to-date expenses for six projects : • Live Oak Park Irrigation System Modifications ; • Live Oak Park and Temple City Park Lighting Upgrades; • Citywide Upgrade Traffic Street Signage ; • Rosemead Boulevard Resurfacing Project ; • Pavement Management Street Resurfacing Project; and • Primrose Properties Demol ition . One project that is anticipated to be paid within a couple of weeks is for the Rio Hondo/Eaton Wash TMDL LRS project , budgeted at $234 ,000 . However, the amount of the invoice the City received is for $240,000 . So , it is recommended that City Council approve a $6,000 increase to the project budget and will come from the GF reserves . 5. FUND BALANCE ANALYSIS (GENERAL FUND) The June 30 , FY 18-19 GF net operating balance , including transfers , is estimated to have a surplus of approximately $92 ,530 . This surplus is primarily due to the higher interest income generated from the City's investments as the interest rates are higher. However, interest income is projected to decrease in the near future as the economy is expected to slow down , thus , lowering interest rates . With the funding of the $774 ,000 CIP , the estimated GF fund balance at June 30, 2019, is projected to be $18 .2 million which is a decrease of $682,470 from the fund balance in June 30 , 2018 . City Council May 7 , 2019 Page 6 of 6 The analysis further articulates the resources that are available in accordance with the City's adopted Budget Reserve Policy. It is anticipated the City will be moving into the FY 2019-20 City Budget process w ith an unassigned Fund Balance of over $2 .6 million . Committed and Assigned Reserves for restricted purposes have a balance of just under $15 .6 million which includes the $1 .5 million pledged for the County Library project. 6. CITY TREASURER'S REPORT The Treasurer or Chief Fiscal Officer is required to render an annual statement of Investment Policy to the legislative body of the local agency and to render a monthly report containing specific information regarding investment and deposits to the legislative body and the Chief Admin istrative Officer. The attached Treasurer's Report (Attachment "0 "), which is completed monthly and submitted to the City Council on a monthly and quarterly basis , reflects the total balance of almost $31 .2 million as of March 31 , 2019 . The City's idle cash and reserve s are invested with the Local Agency Investment Fund (LAIF), Mutual Securities, U.S. Bank , Los Angeles County Pool Investment Fund , and Public Agency Retirement Services . CITY STRATEGIC GOALS: The City Council is requested to receive the FY 2018-19 3rd Quarter Budget Report and Financial Status Reports and authorize the recommended budget adjustment for Prop A. This action will further the City's Strategic Goal to promote Good Governance. FISCAL IMPACT: If the City Council approves the above-mentioned FY 2018-19 3rd quarter expenditure adjustment as recommended above, Prop A expenditures will be revised from $778,483 to $796,483 and the GF CIP budget will total from $774 ,000 to $780 ,000. ATTACHMENTS: A. Revenue Summary Report B . Expenditure Summary Report C . Capital Project Financial Status Report D . City Treasurer's Report ·----·-----I CITY OF TEMPLE CITY REVENUE SUMMARY REPORT -ALL FUNDS QUARTER ENDING-MARCH 31 ,2019 2017-18 2017-18 2018-19 BUDGET YEAR TO DATE BUDGET JUL-MAR ____ ... ____ ---------------- Taxes 6 ,060,000 3 ,586 ,708 6,329 ,700 Licenses and Permits 1,498,000 1 ,164 ,663 1,639,000 Intergovernmental 4,300,000 2 ,241 ,237 4 ,632 ,600 Charges for Services 1,389,260 1 ,124 ,910 1 ,237 ,650 F ines, Forfeitures, & Penalities 475 ,000 410,343 500 ,000 Use of Money and Property Interest Income 200 ,000 110 ,710 240 ,000 Unrealized Gain (loss) (77 ,619) ------------- Tota Use of Money and Property 200 ,000 33 ,091 240 ,000 Miscellaneous 237 ,000 200 ,122 223 ,000 -------- Total General Fund Revenue 14,159 ,260 8,761 ,074 14 ,801 ,950 Total Special Revenue Funds 4 ,981 .020 3,638 ,345 5 ,916 ,555 TOTAL REVENUE 19,140,280 12,399 ,419 20,718 ,505 =========== ============ =========== 2018-19 YEAR TO DATE JUL-MAR -------- 3,524 ,726 1,260,068 2,356 ,161 894 ,056 398 ,507 320,355 116,803 437,15 8 168,418 9,039 ,094 3 ,847 ,644 ------- 12,886 ,7 38 ============ ATIACHMENTA PERCENT RECEIVED ------- 56% 77% 51% 72% 80% 133% ------- 182% 76% -------- 61% 65% ------ 62% ====:;::::====== )> ~ ~ )> () I s: m z ~ )> ATTACHMENT B I I CITY OF TEMPLE CITY EXPENDITURE SUMMARY REPORT -All FUNDS I QUARTER ENDING· MARCH 31,2019 2017-18 2017 -18 2018-19 2018 -19 PERCENT BUDGET YEAR TO DATE BUDGET YEAR TO DATE EXPENDED JUL-MAR JUL-MAR ---------------------... ,·----------·--·---------·-·-·-____ .., _________ MANAGEMENT SERVICES Ci ty Council 179,790 115,914 180 ,870 92,766 51% City Manager 1,100 ,735 707,678 1 ,070 ,045 675,257 63% City Manager (Library Project) 1,500,000 0 0 0 0% City Attorney 362,000 186,657 320 ,000 163,483 51% Elections 47,000 1,501 0 0 0% City Clerk 327,560 240,094 333 ,553 242 ,636 73% ------------------- 3 ,517 ,085 1,251 ,844 1 ,904 ,468 1,174,142 62% PUBLIC SAFETY DIVISI ON Law Enforcement 4.469,620 2 ,935 ,038 4 ,631 ,600 2 ,997 ,949 65% Traffic Engineering 37 ,310 15,067 37 ,763 11 ,630 31% Emergency Services 153,540 113 ,797 160,010 115,678 72% Parking Admin istration 319 ,985 215 ,984 341,557 214 ,948 63% ---------------------------------------- 4 ,980,455 3 ,279 ,886 5,170,930 3 ,340,205 65% ADMINISTRATIVE SERVICES DEPARTMENT Support Services 137,180 121 ,925 153.40 5 102,495 67% Personnel 974,230 880 ,848 1,081 ,043 875 ,471 81 % Accounting 624,580 473 ,017 617 ,012 482 ,980 78% Purchasing 295,450 242 ,215 316,690 233,303 74% ------------------------- 2 ,031,440 1 ,718 ,005 2 ,168,150 1,694,249 78% PARKS & RECREATION DEPARTMENT )> Recreation/Human Services 1,310 ,860 904,377 1,287 ,750 906 ,951 70% ~ Public Transportat ion 758 ,970 507 ,591 778,482 467 ,978 60% ~ Parks -Ma intenance/Facilities 1,094,460 817 ,706 1,141 ,835 796 ,394 70% )> Trees & Parkways 672 ,390 488 ,248 690 ,885 427,850 62% () -------------------------------I 3,836.680 2 ,717 ,922 3,898 ,952 2 ,599,173 67% ~ m z B1 ~ (JJ COMMUNITY DEVELOPMENT DEPARTMENT CO MMUNITY EN HANCEMENT DIVISION Planning Build ing Housing Community Preservation CITY OF TEMPLE CITY EXPENDITURE SUMMARY REPORT -ALL FUNDS QUARTER ENDING-MARCH 31 , 2019 2017-18 BUDGET 918,730 715,790 233,870 532,500 2,400,890 2017-18 YEAR TO DATE JUL-MAR 570,306 583 ,475 88,175 392 ,383 ------ 1,634 ,339 2018-19 BUDGET 778,375 667,898 184 ,845 561 '180 ------- 2 ,192 ,298 INFRASTRUCTURE & MAINTENANC E DIV ISION Administration & Engin eering 690,420 501 ,202 707 ,290 Traffic Signal Maintenance 156,500 72,177 156 ,500 Traffic Signs & Stnp Main!. 147,460 85,408 105,430 Street and Sidewalk Maintenance 443 ,000 218,574 378 ,200 So lid Waste Management 10,110 4 ,177 9,000 Street Lighting 359 ,930 238,865 375,215 General Government Buildings 273,800 206,026 281 ,087 Parking Facilities 100,630 72 ,530 103 ,550 ------ 2 ,181,850 1 ,398 ,959 2 ,116,272 SUB TOTAL PROGRAM EXPENDITURES 18,948,400 12,000,955 17,451 ,070 82 2018-19 YEAR TO DAT E JUL-MAR 528 ,4 26 460 ,794 84 ,326 377 ,992 ------·- 1 ,451 ,538 444 ,229 68,749 79 ,111 250 ,1 44 1,924 183,372 212 ,768 76,833 ------- 1,317,130 1 1,576,437 ATTACHMENT B PERCENT EXPENDED 68% 69% 46% 67% --------- 66% 63% 44% 75% 66% 21% 49% 76% 74% 62% 66% SU B TOTA L PROGRAM EXPEND ITURES CAP ITAL I MPROVEMENT FUN D EQUIPM ENT REPLACEMENT TRUST FUND TOTAL EXPENDITURES CDBG LOAN REPAYMENT GRAND TOTAL CITY OF TEMPLE CITY EXPENrnTURESUMMARYREPORT -ALLFUNDS QUARTER ENDING-MARCH 31 , 2019 2017-18 BUDGET 18,948,400 5 ,275.6 15 57,555 0 24,281 ,570 =========== 7 ,400 24,288,970 =========== 2017-18 YEAR TO DATE JUL-MAR 12,000,955 2,394,358 22,856 500 14,4 18,669 ==:;::;========= 7,400 14,426,069 ============ 83 2018-19 BUDGET 17,451 ,070 2 ,840,000 112,00 0 0 20 ,403,070 =========== 30 ,000 20,433,070 =========== 2018-19 YEAR TO DATE JUL-MAR 11 ,576,4 37 178,351 52 ,017 260 11,807,065 ============ 36 ,008 11 ,843 ,073 ============ ATTACHMENT B PERCENT EXPENDED 66% 6 % 46% 58% =========== 120% 58% =========== CAPITAL IMPROVEMENT PROGRAM PROJECT D ETAIL llil. Project P19 -01 Live Oak Park Community Center, Phase I Improvement P19 -02 Live Oak Park Irrigation System Modifications P19-03 Live Oak Park and Temple City Park Lighting Upgrades P19 -04 Temple City Park Pavill ion Roofing Recap of Fu nd ing So urces CITY OF TEMPLE CI T Y PR ELIMINARY FINANCIAL STATUS RE PORT JUL 18 -MAR 19 Funding Source Budget (R) Measure A 180,00 0 (R) Pa rk Acquisit ion 21 ,000 (R) Park Acqu isition 15,00 0 (E) Park Acquisition 10 ,000 Measure A 180,000 Park Acquisition 46,000 TOTAL CIP -PARKS MAINTENANC E I FACI LIT IES 226 ,000 (E) = Essential (N) = Necessary (M) = Mandated ; : (R) = Routine C1 ATTACHM ENT C PARKS -MAINTENANC E/FAC I LITIES ACCT. NO. XX -980-59 -6 010 Year To Date Ex penditure Balance -180,000 703 20 ,297 6 ,093 8 ,907 -10,000 -180,000 6 ,796 39 ,2 04 6 ,796 219 ,204 ' (D) = Di scretionary ., )> --t --t )> () I ~ m z --t () -I CAPITAL IMPROVEMENT PROGRAM PROJECT DETAI L No. Project P12-04 Cityw ide Upgrade Traffic Street Signage P18-06 Rosemead Boulevard Res urfaci ng Project P19 -0S Green Street Improvements P19 -06 Rio Hondo I Eaton Wash TMDL LRS Project P19-07 Pavement Management Street Resurfacing P19-08 Sidewalks and Cub Ramps ADA Improvements P19 -09 Las Tunas Drive En t ry Monum e nt P19 -10 Banner Replacements Reca p of Fundin g Sourc es TOTA L CIP -STR EE T CONSTRU CTION 'FY 2017-18 carried forward amount. (E) = Essential (N) = Necessary ---------------- CITY OF TEMPLE CI T Y PRELIMINARY FINANCIAL S T ATUS REPORT JUL 18 -MAR 19 Funding Source Budget (M) General Fund - (E) General Fu nd - RMRA - Total Rosemead Boulevard - (M) General Fund 50,000 (M ) General Fund 234 ,000 (E ) General Fund 105,000 MeasureR 750 ,000 Road Ma in tenan ce and Repair Act 604 .000 Measure M 400 ,000 Tota l Pavemen t Manageme n1 1,859 ,000 (M ) Transportatio n Deve lopment 86,000 A cco unt (D) General Fund 40,000 (D ) General Fund 75 ,00 0 General Fund 504 ,000 Transportation Development Account 86,000 MeasureR 750,000 Road Mai nten ance and Repair A ct 6 04 ,000 Measure M 400 ,000 2,344,000 (M) = Mandated (R) = Routine C2 A TTACHMENT C ST R EET CONST RUCTION ACC T . NO. XX -980 -75 -6010 Year To Date Expenditure Balance 3,665 . (3,665) -- 28 ,980 . (28,980) 28 ,980 (28 ,980) -50,000 -234 ,000 -105,000 -750,000 -604 ,000 3 331 396 669 3,331 1 ,855 ,669 -86 ,000 -40 ,000 -75,000 3 ,665 500,335 -86,000 -750,000 28 .980 575,020 3 .331 39 6,669 35,976 2,308 ,024 (D ) = Discretionary CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P19-1 1 City Hall Sewer Lateral Modification Re ca p of Funding Sources TOTAL CIP-GEN GOV'T BLDGS (E) = Essential (N) = Necessary ---·---··---. CITY OF TEMPLE CITY PRELIMINARY FI NANCIAL STATUS RE PORT JUL18 -MAR 19 Funding Source Budget (N) General Fund 45,000 General Fund 45,000 45,000 (M) = Mandated (R) = Routine C3 ATTACHMENT C GENERAL GOVERNMENT BUILDINGS ACCT. NO. XX -980-81-6010 Year To Date Expenditure Balance -45,000 -45,000 -45,000 (D) = Discretionary CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P19-12 Downtown Parkin g Lots St udy P19-13 Primro se Properties Demolition Rec ap of Funding Sources TOTAL CIP -GEN GOV'T SLOGS (E) = Ess ential (N) =Necessary CITY OF TEMPLE CITY PRELIMINARY FINANCIAL STATUS REPORT JUL 18-MAR 19 Fund ing Source Budg et (D) Gene ral Fu nd 50 0000 (N) Gene ral Fund 175 0000 Genera l Fund 2250000 225 ,000 (M) = Mandated (R) = Routme C4 ATTACHMENT C PARKING FACILITIES ACCT. NO . XX-980-82 -6010 Year To Date Exeen d iture Balance -50 0000 131 0199 4 3 0801 131 0199 93 ,801 131 ,199 93 ,801 (D) = Discret ionary CITY OF TEMPLE CITY TREASURER'S REPORT March 31 , 2019 Cash in Ban k Wells Fargo Bank-Checking -Merchan t Card US Bank -Checking Camellia Fund East West Bank -Monthly Market Account Wells Fargo Bank -Checking Petty Cash LA IF Effective Quarter to Date Yield 3/31/19 2.390% MorganStanley Smi thBarney Government Securit ies Weighted Average to Date Yteld 3/3 1/19 1.052 % Corporate F ixed Income Weighted Average to Date Yield 3/311 19 2.372 % Money Market Mutual Secunties Government Securities Weighted Average to Da te Yield 3/31/19 1 37 5% US Bank Certificates of Deposit Weighted Average to Da te Yield 3/31/19 2 149% Govern ment Securit ies Weighted Average to Da te Yield 3/31/19 1.584 % Los Angeles County Pool Investment Fund As of 3/31/19 2.300% SUB TOTAL OPEB l nve!JR'1'n~-Res tricted As of 1 TOTAL PRIOR MONTH STATUS Tota l QO~TVALU!; 82 1,858 .09 47,169 .12 216,118.16 160,000 .00 11 ,170.00 2,100.00 5 ,636 ,861 .17 1,200,000.00 1,988,774.40 3,363 27 6,500,000.00 6,058,000 00 2,196,393 03 4 ,787,655.07 s 29,629,462.31 1,100,000.00 $ 30,729,462 .31 $ 31 ,196,415.66 ATIACHMENTD MARKET VALU E 821 ,858.09 47 ,169.12 2 16,116.16 160,000.00 11,170.00 2,100.00 5 ,631 ,511 .79 1 ,193,147 00 1,989,957.00 3 ,363 27 6,449 ,995 00 6 ,058,447 90 2 ,2 11 ,456.21 4,794,872.45 $ 29,591 ,165.99 1.507,62 1.01 $ 31 ,098,787.00 $ 3 1.487,34 3.90 Alllnvestmenta 8111 plac:.d on aocotdanee wrth the Cty of Temple City's i nvestment Pot.cy The 1bove summ1ry prov dessul'icle nt cash rcw liquidity to meet the next six m onth's estom aled e>pen<Mures Thos repon rs in accordonoe woth Government Code Secllon 53646 ~ ~ () I s: m z --i 0