HomeMy WebLinkAboutE.4 - Staff Report - City Treasurer's Report, May 2025 CONSENT ITEM
E-4
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ART VASQUEZ, CITY TREASURER
DATE:SEPTEMBER 15, 2025
SUBJECT: CITY TREASURER’S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF MAY 2025
BACKGROUND:
Transmitted herewith is the City Treasurer’s Statement of Cash Balances for the City of Azusa for
the month of May 2025. City investments are made in accordance with the City’s Investment
Policy adopted and approved with Resolution No. 2024-C08 dated, February 5, 2024, and
Government Code Section 53607 and 53600.5 et seq.
RECOMMENDATION:
Staff recommends that the City Council take the following action:
1) Receive, review, and file the City Treasurer’s Report for the month of May 2025.
ANALYSIS:
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 April 30, 2025 to May 31, 2025 is
a net increase of $2,586,661.46
The change in total cash in bank and investments (at market) from April 30, 2025 to May 31, 2025
is a net increase of $1,688,031.2.
Prepared by: Art Vasquez, City Treasurer
APPROVED
CITY COUNCIL
9/15/2025