HomeMy WebLinkAbout2025 Q3 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 3rd Quarter 2025 Cash and Investment Report
Date: October 24, 2025
Please find attached the Cash and Investment Report as of September 30, 2025.
If there are any questions on the attached report, please contact me by phone at (847) 448 -8082 or by
email: hdesai@cityofevanston.org. For additional financial reports, please visit:
https://www.cityofevanston.org/government/transparency/budget-financial-reports
Section 1 – Cash and Investment Position
A comparison between the 3rd Quarter 2025 and 2nd Quarter 2025 cash/ investments indicate a decrease
in combined cash & investments $14,827,618 from $144,897,031 to $130,069,412. The decrease is
primarily driven by payments of Capital projects and continued delay in the disbursement of the second
installment of property tax from Cook County.
During the 3rd Quarter 2025, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q1 and Q2 2025 Cash and Investment Position
9/30/2025 06/30/2025 Change ($)
Cash 57,484,064 61,954,549 (4,471,484)
Investments 72,585,348 82,942,482 (10,357,134)
TOTAL 130,069,412 144,897,031 (14,827,618)
Section 2 – Cash and Investments by Financial Institution
Staff continue to focus on the right opportunity for higher investment returns by moving money amongst
the banks or investing in municipal securities, Treasuries and agencies. At the same time, we strive to be
compliant with our investment policy of not having over 50% in one institution.
Table 2
Cash and Investments by Financial Institution
Sorted by Balance
Bank Balance
(In Millions) % of Total Balance
Fifth Third Bank $ 62.3 47.8%
Byline Bank $ 38.0 29.2%
Wintrust Bank $ 19.3 14.9%
Illinois Funds $ 6.6 5.1%
PMA $ 3.7 2.8%
Other Banks $ 0.2 0.2%
TOTAL $ 130.1 100%