HomeMy WebLinkAbout2025 Q1 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 1st Quarter 2025 Cash and Investment Report
Date: April 25, 2025
Please find attached the Cash and Investment Report as of March 31, 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 1st quarter 2025 and 4th quarter 2024 cash/ investments indicate increase in
combined cash & investments of $9,303,534 from $146,962,287 to $156,265,821. The main reason for the
increase is the first installment of Property Tax disbursements received from the Cook County in the months
of February and March.
During the 1st quarter 2025, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q1 2025 and Q4 2024 Cash and Investment Position
03/31/2025 12/31/2024 Change ($)
Cash 73,832,254 73,567,815 437,782
Investments 82,433,567 73,394,472 8,865,752
TOTAL 156,265,821 146,962,287 9,303,534
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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 $ 64.6 41.3%
Byline Bank $ 50.8 32.5%
Wintrust Bank $ 22.9 14.7%
PMA $ 11.1 7.1%
Illinois Funds $ 6.7 4.3%
Other Banks $ 0.2 0.1%
TOTAL $ 156.3 100%
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