HomeMy WebLinkAbout2025 Q2 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 2nd Quarter 2025 Cash and Investment Report
Date: August 1, 2025
Please find attached the Cash and Investment Report as of June 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 2nd Quarter 2025 and 1st Quarter 2025 cash/ investments indicate a decrease
in combined cash & investments $11,368,790 from $156,265,821 to $144,897,031. The decrease is
primarily driven by the interest payments on det service as well as payments in CIP, ARPA and Equipment
Replacement Funds.
During the 2nd Quarter 2025, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q1 and Q2 2025 Cash and Investment Position
06/30/2025 03/31/2025 Change ($)
Cash 61,954,549 73,832,254 (11,887,705)
Investments 82,942,482 82,433,567 508,915
TOTAL 144,897,031 156,265,821 (11,368,790)
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 $ 68.0 46.9%
Byline Bank $ 40.7 28.1%
Wintrust Bank $ 21.1 14.6%
PMA $ 7.7 5.3%
Illinois Funds $ 7.3 5.0%
Other Banks $ 0.2 0.1%
TOTAL $ 144.9 100%