HomeMy WebLinkAbout2018 Q4 Cash and Investment Report
Memorandum
To: Wally Bobkiewicz, City Manager
From: Hitesh Desai, CFO/ Treasurer
Subject: 4th Quarter 2018 - Cash and Investment Report
Date: April 12, 2019
Attached please find the Cash and Investment report as of December 31, 2018.
A comparison between the third quarter and fourth quarter of 2018 investment reports
indicate a decrease in combined cash & investments of $30,480,789 from $98,848,156 to
$68,367,667. The decrease was principally due to the payment of debt obligations and
funding of various construction projects. Cash and investment changes from the previous
period are summarized below:
As of December 31, 2018, ledger balances showing the highest percentage of total
deposit was held by First Bank and Trust at $30.9M or 45.2% of the total. PMA
Financial was in custody of money market funds at approximately $9.4M, or 13.7%,
Wintrust held $12.1M or 17.7% while Fifth Third held $4.0M or 5.9%. Illinois Funds
was at $5.6M or 8.1% and IMET was at $5.9M or 8.7%. Staff will continue to
monitor the allocation of Cash and Investments to ensure compliance with the City’s
investment policy of no financial institution should have greater than 50% of the
city’s total 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.
12/31/2018 9/30/2018 Change
Cash 30,889,683 29,522,377 1,367,306
Investments 37,477,984 69,325,779 (31,847,795)
TOTAL 68,367,667 98,848,156 (30,480,789)