HomeMy WebLinkAbout2014 Q3 Cash and Investment Report
To: Wally Bobkiewicz, City Manager
Martin Lyons, Asst. City Manager/CFO
From: Andrew Villamin, Interim Accounting Manager
Subject: FY2014 – 3rd Quarter End Investment Report
Date: October 30, 2014
Attached please find the investment report as of September 30, 2014.
A comparison between the 2014 second quarter investment report and the third quarter
indicates an increase in combined cash & investments of $24,771,667 from
$67,395,643 to $92,167,310. Cash and investment changes from the previous period
are summarized below:
The net increase of $24.8M in cash and investments was primarily due to the proceeds
from the bond issuance, second installment property taxes and Kellogg building permit.
Cash balances as of September 30, 2013 were $$89.8M.
As of September 30, 2014, ledger balances showed the highest percentage of total
deposits was held by IMET at approximately $42.8M, or 46.4% of the City’s $92.2M in
cash and investments followed by First Bank and Trust with $40.7M or 44.2% and US
Bank (Illinois Funds) with $7.5M or 8.1% of the total. The remaining $1.2M or 1.3% of
the funds were invested with Chase Bank. Per City’s investment policy, no financial
institution should have greater than 50% of the city’s total deposits. The Finance Staff
will continue to closely monitor the balances to have a suitable investment mix in
compliance of the City Investment policy to maximize returns on investments.
If you have any questions on this report or would like to discuss in greater detail, please
contact me @ (847) 866-2903 or at avillamin@cityofevanston.org.
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Fund #Fund Cash Investments Interfund Total
100 General 6,863,336 3,227,873 236,997 10,328,206
175 General Assistance 145,777 242,322 (15,134)372,965
185 Library 2,112,320 (343,473)1,768,846
186 Library Debt Service 685,782 685,782
195 Neighborhood Stabilization 467,125 (12,938)454,187
200 MFT 2,075,299 (71,361)2,003,939
205 E911 109,819 645,706 (55,731)699,793
210 SSD4 (109,139)(109,139)
215 CDBG 45,244 (78,675)(33,431)
220 CD Loan 131,776 131,776
225 Economic Dev.2,503,319 392,025 (78,011)2,817,333
235 Neighborhood Improvement 149,915 149,915
240 Home (51,551)(51,551)
250 Affordable Housing 451,583 363,481 (1,166)813,897
300 Washington National TIF 2,092,803 5,224,222 (271,358)7,045,667
305 SSD5 811,083 811,083
310 Howard Hartrey 4,039,223 (675,216)3,364,006
315 Southwest TIF 921,075 (2,458)918,617
320 Debt Service 10,611,703 979,947 151,538 11,743,188
330 Howard Ridge 152,570 (98,640)53,930
335 West Evanston 40,953 552,133 (3,950)589,136
415 Capital Improvements 15,015,330 (2,078,692)12,936,638
420 Special Assessment 2,326,770 239,279 (13,922)2,552,126
505 Parking 5,374,988 10,084,692 (110,738)15,348,942
510 Water 4,194,366 7,020,199 (22,553)11,192,012
515 Sewer 4,254,978 4,984 0 4,259,962
520 Solid Waste (1,279,425)(1,279,425)
600 Fleet (413,021)(413,021)
601 Equipment Replacement 1,266,968 120,952 1,387,920
605 Insurance 384,421 1,239,593 1,624,013
45,946,101 50,259,283 (4,038,074)92,167,310
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City of Evanston
Cash & Investments Bank
Investment Investment Fiscal YTD Investment
US BANK Total 731 7,498,326
IMET Total 128,283 42,760,958
Grand Total 129,014 50,259,283
Interfunds & negative cash (4,038,074)
Total Investments & Cash 92,167,310
Investments Cash Total
Amount %Amount %Amount %
1ST Bank 40,723,949 97.17%40,723,949 44.18%
Chase 1,184,078 2.83%1,184,078 1.28%
IMET 42,760,958 85.08%42,760,958 46.39%
US Bank 7,498,326 14.92%7,498,326 8.14%
September 30, 2014
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