HomeMy WebLinkAbout2021 Q3 Cash and Investment Report
Memorandum
To: Kelley Gandurski, Interim City Manager
From: Hitesh Desai, CFO/ Treasurer
Subject: 3rd Quarter 2021 - Cash and Investment Report
Date: November 5, 2021
Attached please find the Cash and Investment report as of September 30, 2021.
A comparison between the 3rdquarter and 2nd quarter of 2021 investment reports
indicate an increase in combined cash & investments of $14,150,799 from $100,631,549
to $114,782,348. The increase is mainly attributable to bond proceeds received in
September.
The COVID 19 has not only adversely impacted tax revenues but also investment
returns forcing a change in investment strategies. During the 3rd quarter, we continued
to focus on maintaining the liquidity while striving for the maximum returns on Cash and
Investments. We will continue to monitor the interest rate environment and overall
economy.
Overall cash and Investment position:
Cash and investments by individual financial institutions:
Bank Balance % Of total
(In millions) Balance
Byline $75.40 65.70%
Wintrust Bank $24.30 21.20%
IMET $8.20 7.10%
Illinois Funds $4.40 3.90%
Other Banks $2.50 2.10%
9/30/2021 6/30/2021 Change
Cash 75,383,980 55,764,172 19,619,808
Investments 39,398,368 44,867,377 (5,469,009)
TOTAL 114,782,348 100,631,549 14,150,799
In this low interest rate environment, staff tries to take advantage of the opportunity
for higher investment returns by moving money amongst the banks or investing in
municipal securities. At the same time, we strive to be compliant with our investment
policy of not having over 50% in one institution. Staff will continue to monitor the
allocation of Cash and Investments.
If you have any questions on this report or would like to discuss in greater detail, please
contact me by phone at (847) 448.8082 or by e-mail at hdesai@cityofevanston.org.
Fund #Fund Cash Investments Interfund Total
100 General 19,609,575 967,798 83,535 20,660,908
170 American Rescue Plan - 17,656,726 - 17,656,726
175 General Assistance 653,244 1 (95,921) 557,324
176 Health and Human Services 1,742,278 - 1,167,670 2,909,947
177 Reparations 244,038 - 4,132 248,171
180 Good Neighbor 925,786 - (352) 925,434
200 MFT - 5,027,236 (261,176) 4,766,060
205 E911 503,393 - 772,721 1,276,114
210 SSD4 - - (9,406) *(9,406)
215 CDBG 45,370 - (134,281) (88,911)
220 CD Loan 238,863 - 44,032 282,895
235 Neighborhood Improvement 22,128 - 3 22,131
240 Home 26,157 - (2,599) 23,558
250 Affordable Housing 214,957 1,973,128 491,445 2,679,530
320 Debt Service 7,749,372 1,144,190 298,316 9,191,878
330 Howard Ridge 774,940 2,013,044 (42,095) 2,745,890
335 West Evanston 2,920,748 - (17,455) 2,903,293
340 Dempster-Dodge-TIF 266,839 - (42,101) 224,738
345 Chicago Main-TIF 1,155,427 - (64,984) 1,090,443
350 Special Service Area (SSA) #6 60,128 - 1 60,129
355 Special Service Area (SSA) #7 18,235 - 5 18,241
360 Special Service Area (SSA) #8 12,872 - 1 12,872
415 Capital Improvements 11,411,692 1,503,656 2,754,240 15,669,588
416 Crown Construction 5,511,473 - 3,587 5,515,060
417 Crown Community CTR Maintenance 262,498 - 43,749 306,247
420 Special Assessment 171,016 2,053,855 129,419 2,354,291
505 Parking 6,298,569 1,305,492 (6,413,924) 1,190,136
510 Water 17,510,355 2,390,395 (4,087,295) 15,813,455
515 Sewer 3,466,730 1,335,253 (79,711) 4,722,272
520 Solid Waste - - (444,378) *(444,378)
600 Fleet - - (435,711) *(435,711)
601 Equipment Replacement - - (185,873) *(185,873)
605 Insurance - - (2,443,207) *(2,443,207)
Total without Library 81,816,686 37,370,774 (8,967,616) 110,219,844
185 Library 2,706,881 2,027,594 (1,428,148) 3,306,327
186 Library Debt Service 76,195 - 282,243 358,438
187 Library Capital Improvement FD 897,739 - - 897,739
Library Total 3,680,814 2,027,594 (1,145,905) 4,562,504
Total 85,497,501 39,398,368 (10,113,521) 114,782,348
City of Evanston
Cash & Investment Summary by Fund
September 30, 2021