HomeMy WebLinkAbout2016 Q4 Cash and Investment ReportAttachment 2: December 31, 2016 Investment Report
�- Memorandum
of
EvarisCitytonr
To: Wally Bobkiewicz, City Manager
From: Martin Lyons, Asst. City Manager/CFO
Subject: FY2016 — 4th Quarter - Cash and Investment Report
Date: March 8, 2017
Attached please find the Cash and Investment report as of December 31, 2016.
A comparison between the 2015 fourth quarter investment report and 2016 fourth quarter
indicates an increase in combined cash & investments of $4,304,678, from $56,098,704
to $60,403,382. Cash and investment changes from the previous period are summarized
below:
12/31/2015 12/31 /2016 Change
Cash 25,963,255 26,985,840 1,022,585
Investments 30,135,449 33,417,542 3,282,093
TOTAL 56,098,704 60,403,382 4,304,678
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 December 31, 2016, ledger balances showing the highest percentage of total
deposits was held by First Bank and Trust at $26.8M or 44.5% of the total, PMA
Financial at approximately 22.1 M, or 36.6%, followed by U.S. Bank at $9.71VI or
16.1 %. The increase in the total Cash and Investments was due to receipt of $14
million proceeds from bond issuance at the end of September offset by capital
expenditures. A portion of this money has been allocated from First Bank and Trust
to other institutions during October to be 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.
A B C D I E.. F
1 City of _Evanston
2 - Cash & investment Summary by Rand-
3 I_
December 31, 2016
-
- --
6 1Fund
# Fund -
Cesh
Investments
interfund
Total
7
5,0
8 74-1
5 ,370,342
9
175 ! General Assistance
591.211
14 B22
- (16,935)
589,098
10 '
L 176 Health and Human Services
70.806
-
-
_ 70.805-
11
180 1 Good Neighbor
1,000.000
12
185 Library
1,050,325
-
(171.1121',
879,204
13
I Mary Debt Service
328,728
-
{95) I
328.633 i
14
1951 Neighborhood stabilization
99,472
-
(6.603)
92,669_
1s
206 hI MFT -- -
-
1,236.977
-
1.236.977
16
205 E911 --- _ -,
-
648,393
(648,393j l -
-
17
226 bb Loan
287,109
-
(234.294)
52A
18
225 Economic Dev.
2,212,754
393,669
7.677
2,614,100_
19 1
235 Neighborhood Improvement
169,915
-
189,916
20
250 Affordable Housing
1 021,968
354,998
18,999
1,405.968.
21
300 VUashtn tonNational'11F--
2,321,695
4,800.578
-(393,74= _ _
6.728.627
22
310 Howard Hartrey
787,276
(86.249
701,026
-
320 Debt Service
_ '
1,543,075
(49,590)
1,048.48823
---- -
g
65,070
--
3,995
13.671
82,737
25
335 WestEanston
519,161
- (93.5791
425.582
26
345 Chicago Main-TIF
135,077
-
-
135.077
TV350
Special Service Area (SSA) #
165,699
-
-
165,699
28
415 Capital Improvements
7.620462
5,605,820
---(101.606)`
13,124,676
29
--420 Special Assessment
2.769:704
225.141
1.176 ',
2.995.021
301
505 Parking
2.123,464
6.619,969
(517.441)1
8,425.983
31
5-1-0-Water
2.133.835
,00
5,3554
(1,463,931)'
6,,024,906
32
515 Sewer
3,739.317
5,004
-
(301,291)
3A43,030
33
600 Fleet
320.067
-
(46.393)
274,674
34
601 Equipment Replacement
1,244,506
-
22,248
1,266.754
35
605 Insurance
1,395.497
-
354,181
1,749,678
36
30w866.682
33,417,542
�73,880,842�
60,403,382
37
38
39 * includes nwadv-e cesh balance reclassed to i aftnd liabillly.
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