HomeMy WebLinkAboutE-6 Staff Report - Treasurers Report 11-2017CONSENT ITEM
E-6
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE: JANUARY 16, 2018
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF NOVEMBER 2017
SUMMARY:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa
for the month of November 2017. City investments are made in accordance with the City’s
Investment Policy adopted and approved with Resolution No. 13-C8 dated, February 4, 2013,
and Government Code Section 53607 and 53600.5 et seq.
RECOMMENDATION:
Staff recommends the City Council take the following action:
1) Receive, review, and file the City Treasurer’s Report for the month of November 2017.
DISCUSSION:
The balances of cash, investments, and projected revenues for the next six months are expected
to be sufficient to meet cash disbursement requirements of the City for at least the next six
months.
The change in total cash in bank and investments (at cost) from October 31, 2017 to November
30, 2017 is a net increase of $1,154,669.02.
The change in total cash in bank and investments (at market) from October 31, 2017 to
November 30, 2017 is a net increase of $992,828.09.
Prepared by:
Art Vasquez, City Treasurer
Approved
Council Meeting
1/16/2018