HomeMy WebLinkAbout2026 Q1 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 1st Quarter 2026 Cash and Investment Report
Date: May 1, 2026
Please find attached the Cash and Investment Report as of March 31, 2026.
If there are any questions on the attached report, please contact me by phone at (847) 448 -8082 or by
email: hdesai@cityofevanston.org. For additional financial reports, please visit:
https://www.cityofevanston.org/government/transparency/budget-financial-reports
Section 1 – Cash and Investment Position
A comparison between the 1st quarter 2026 and 4th quarter 2025 cash/ investments indicate increase in
combined cash & investments of $2,282,422 from $100,643,672 to $102,926,094. The main reason for the
increase is Property Tax disbursements received from the Cook County in the months of February and
March.
During the 1st quarter 2026, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q1 2026 and Q4 2025 Cash and Investment Position
03/31/2026 12/31/2025 Change ($)
Cash 58,831,928 45,930,939 12,900,989
Investments 44,094,166 54,712,733 (10,618,567)
TOTAL 102,926,094 100,643,672 2,282,422
Section 2 – Cash and Investments by Financial Institution
Staff continue to focus on the right opportunity for higher investment returns by moving money amongst
the banks or investing in municipal securities, Treasuries and agencies. At the same time, we strive to be
compliant with our investment policy of not having over 50% in one institution.
Table 2
Cash and Investments by Financial Institution
Sorted by Balance
Bank Balance
(In Millions) % of Total Balance
Byline Bank $ 46.5 45.2%
Fifth Third Bank $ 33.5 32.5%
Wintrust Bank $ 12.1 11.8%
PMA $ 5.4 5.3%
Illinois Funds $ 5.2 5.1%
Other Banks $ 0.2 0.2%
TOTAL $ 102.9 100%