HomeMy WebLinkAbout2016 Q2 Cash and Investment Report
Attachment 4: Second Quarter Investment Report
Memorandum
To: Wally Bobkiewicz, City Manager
From: Martin Lyons, Asst. City Manager/CFO
Subject: FY2016 – 2nd Quarter - Cash and Investment Report
Date: June 13, 2016
Attached please find the Cash and Investment report as of June 30, 2016.
A comparison between the 2016 second quarter investment report and 2015 second
quarter indicates an increase in combined cash & investments of $981,707,
from$66,582,951 to $66,564,658. Cash and investment changes from the previous
period are summarized below:
6/30/2015 6/30/2016 Change
Cash 28,862,177 26,630,736 (2,231,441)
Investments 36,720,774 39,933,922 3,213,148
TOTAL 65,582,951 66,564,658 981,707
While individual cash balances vary as noted on the attached table, this stability in
overall non-pension cash reserves will help the City respond to potential changes in the
State Budget Crisis.
As of June 30, 2016, ledger balances showing the highest percentage of total deposits
was held by PMA Financial at approximately 26.0M, or 39.1% of the City’s
$66.6M in cash and investments followed by First Bank and Trust at $25.6M or 38.4% of
the total and U.S. Bank at $12.3M or 18.5%. This is in compliance with the City’s
investment policy to ensure no financial institution should have greater than 50% of the
city’s total deposits.
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 mlyons@cityofevanston.org.