HomeMy WebLinkAbout2019 Q1 Cash and Investment Report
Memorandum
To: Wally Bobkiewicz, City Manager
From: Hitesh Desai, CFO/ Treasurer
Subject: 1st Quarter 2019 - Cash and Investment Report
Date: May 3, 2019
Attached please find the Cash and Investment report as of March 31, 2019.
A comparison between the 1st quarter 2019 and fourth quarter 2018 investment reports
indicate an increase in combined cash & investments of $5,835,119 from $68,367,667 to
$74,202,786. The increase was principally due to the receipt of first installment of property
tax. Cash and investment changes from the previous period are summarized below:
As of March 31, 2019, ledger balances showing the highest percentage of total deposit
was held by First Bank and Trust at $32.4M or 43.7% of the total. Wintrust held $17.2M
or 23.2%, while PMA Financial was in custody of money market funds at approximately
$9.7M, or 13%. Illinois Funds was at $8.5M or 11.4% and IMET was at $6.0M or 8%
with the remainder of $500K (.7%) in MB Financial Bank . Staff will continue to monitor
the allocation of Cash and Investments to ensure compliance with the City’s investment
policy of no financial institution should have greater than 50% of the city’s total cash
and investments.
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.
3/31/2019 12/31/2018 Change
Cash 32,416,985 30,889,683 1,527,302
Investments 41,785,801 37,477,984 4,307,817
TOTAL 74,202,786 68,367,667 5,835,119