Note 3 Cash and Investments

Meeting Date: November 13, 2014

Agenda Item #11

Note from TheGardeningSnail: Parts of this page may have been prepared by running a PDF Image Document through a program which converts image to text. My apologies for any Textual Gremlins that may have slipped in.

Note 3 – Cash and Investments

The City pools all of its cash and investments except those funds required to be held by outside fiscal agents under the provisions of bond indentures. Interest income earned on pooled cash is allocated to the various funds on average cash balances. Interest income from cash investments held with fiscal agents is credited directly to the related funds.

Cash and investments as of June 30, 2014 are classified in the accompanying financial statements as follows:

Statement of Net Position: Cash and Investments

Fiduciary Funds: $ 10,103,436

Cash and Investments (6,494)

Total Cash and Investments $ 10,096,942

Cash and investments as of June 30, 2014 consist of the following:

Cash on hand

$ 1,055

Deposits with Financial Institutions

2,126,912

Local Agency Investment Fund

1,411,842

CSNRMA Investment Pool

227,949

Money Market Mutual Funds

1,822,907

California General Obligation Bonds

2,250,000

Certificates of Deposit

2,256,277

Total Cash and Investments

$ 10,096,942

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