HomeMy WebLinkAbout2020 Q1 Cash and Investment Report
Memorandum
To: Erika Storlie, Interim City Manager
From: Hitesh Desai, CFO/ Treasurer
Subject: 1st Quarter 2020 - Cash and Investment Report
Date: June 5, 2020
Attached please find the Cash and Investment report as of March 31, 2020.
A comparison between the 1st quarter 2020 and 4th quarter 2019 investment reports
indicate an increase in combined cash & investments of $3,726,061 from $68,965,292 to
$72,691,353. The increase was mainly attributable to the first installment of property tax
disbursements to the City of Evanston.
Cash and investments with individual financial institution are summarized below:
As of March 31, 2020 , ledger balances showing the highest percentage of total deposit
was held by Wintrust at $26.8M or 36.9% of the total. ByLine Bank held $26.4 M or
36.3%, while Illinois Funds was in custody of money market funds at approximately
$6.6M, or 9.1%. PMA was at $5.7M or 7.9%; IMET was at $4.1M or 5.6% and Fifth T hird
Bank was at $3.1M or 4.2%. Staff will continue to monitor the allocation of Cash and
Investments to ensure compliance with the City’s investment policy of no greater than
50% of the city’s total cash and investments with one financial institution.
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.
3/31/2020 12/31/2019 Change
Cash 26,386,808 25,922,387 464,421
Investments 46,304,545 43,042,905 3,261,640
TOTAL 72,691,353 68,965,292 3,726,061