HomeMy WebLinkAbout2022 Q4 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 4th Quarter 2022 Cash and Investment Report
Date: January 12, 2026
Please find attached the Cash and Investment Report as of December 31, 2022.
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 4th Quarter 2022 and 3rd Quarter 2022 cash/ investments indicate a decrease
in combined cash & investments of $8,237,110 from $140,752,364 to $132,515,254. The decrease is
primarily driven by the December debt service payment.
During the 4th Quarter 2022, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q4 and Q3 2022 Cash and Investment Position
12/31/2022 9/30/2022 Change ($)
Cash 59,680,134 69,337,874 (9,657,740)
Investments 72,835,120 71,414,490 1,420,630
TOTAL 132,515,254 140,752,364 (8,237,110)
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
Byline Bank $ 59.7 45.1%
Fifth Third $ 32.9 24.8%
Wintrust Bank $ 22.0 16.6%
IMET $ 11.1 8.4%
IL Funds $ 6.5 4.9%
Other Banks $ 0.3 0.2%
TOTAL $ 132.5 100%