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
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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
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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
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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
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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
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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%
====:;::::======
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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 .,
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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
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