HomeMy WebLinkAbout2026 Q2 Cash and Investment Report
Memorandum
To: Luke Stowe, City Manager
From: Hitesh Desai, CFO/City Treasurer
Subject: 2nd Quarter 2026 Cash and Investment Report
Date: July 31, 2026
Please find attached the Cash and Investment Report as of June 30, 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 2nd quarter 2026 and 1st quarter 2026 cash/ investments indicate increase in
combined cash & investments of $26,607,501 from $102,926,094 to $129,533,595. The main reason for
the increase is the sale of General Obligation (GO) Bonds in June.
During the 2nd quarter 2026, we continued to focus on maintaining liquidity while striving for the maximum
returns on Cash and Investments. We will continue to monitor the interest rate environment and overall
economy.
Table 1
Q1 and Q2 2026 Cash and Investment Position
06/30/2026 03/31/2026 Change ($)
Cash 81,664,260 58,831,928 22,832,333
Investments 47,869,335 44,094,166 3,775,169
TOTAL 129,533,595 102,926,094 26,607,501
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 $ 70.4 54.4%
Fifth Third Bank $ 32.2 24.9%
Wintrust Bank $ 11.2 8.6%
PMA $ 9.5 7.3%
Illinois Funds $ 6.1 4.7%
Other Banks $ 0.2 0.1%
TOTAL $ 129.5 100%