04 Attachment 1 - Financial and Investment Report August 2023Weighted Average YTM Portfolio Yield on Investments
under Management 3.71%
Weighted Average Maturity (days)495
This Month Last Month One year ago
Portfolio Allocation & Treasurer's Cash Balances $69,093,001 $71,462,894 $65,471,423
Cert. of Participation 2002 Lease Payment Fund
Managed Investments $49,231,145
Local Agency Investment Fund $14,138,242
Reconciled Demand Deposit Balances $5,723,614
Portfolio Allocation & Treasurer's Cash Balances $69,093,001
Benchmarks/ References:
Town's Average Yield 3.71%3.53%1.49%
LAIF Yield for month 3.43%3.31%1.28%
3 mo. Treasury 5.47%5.42%2.95%
6 mo. Treasury 5.51%5.47%3.36%
2 yr. Treasury 4.87%4.88%3.50%
5 yr. Treasury (most recent)4.26%4.18%3.35%
10 Yr. Treasury 4.11%3.96%3.20%
Town of Los Gatos
Summary Investment Information
August 31, 2023
0 - 1 year
61%
1 - 2 years
8%
2 - 3 years12%
3 - 5 years
19%
Portfolio Maturity Profile
Compliance: The Town's investments are in compliance with the Town's investment policy dated February 21, 2023and also in compliance with the requirements of Section 53600 at seq. of the California State Code. Based on the information available, the Town has sufficient funds to meet the cash demands for the next six months.
Page 1 ATTACHMENT 1
Month YTD
Cash & Investment Balances - Beginning of Month/Period 71,462,894.01$ 78,384,947.79$
Receipts 6,275,438.28 11,001,459.94
Disbursements (8,645,331.36)(20,293,406.80)
Cash & Investment Balances - End of Month/Period $69,093,000.93 $69,093,000.93
Portfolio Allocation Amount % of Portfolio
Max. % or $ Allowed
per State Law or Policy
BNY MM $89,488.15 0.14%20% of Town Portfolio
US Treasury Notes $17,490,610.47 27.60%No Max. on US Treasuries
Government Agency Debenture Notes $17,580,861.65 27.74%No Max. on Non-Mortgage Backed
Corporate Medium Term Bonds $14,070,185.01 22.20%30% of Town Portfolio
Local Agency Investment Fund $14,138,241.57 22.31%$75 M per State Law
Subtotal - Investments 63,369,386.85 100.00%
Reconciled Demand Deposit Balances 5,723,614.08
Total Portfolio Allocation & Treasurer's Cash Balances $69,093,000.93
Town of Los Gatos
Portfolio Allocation & Treasurer's Cash Balances
August 31, 2023
BNY MM0.14%US Treasury Notes27.60%
Government Agency Debenture Notes27.74%
Corporate Medium Term Bonds22.2%
Local Agency Investment Fund
22.3%
Portfolio Investment Allocation
$65.5 M $69.1 M
$0.0 M
$10.0 M
$20.0 M
$30.0 M
$40.0 M
$50.0 M
$60.0 M
$70.0 M
$80.0 M
$90.0 M
Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23
Treasurer's Fund Balances
Page 2
August 2023 August 2023 August 2023
Beginning Deposits Interest/Ending
Balance Realized Gain/Adj.Earnings Withdrawals Balance
Non-Treasury Funds:
Cert. of Participation 2002 Series A Reserve Fund 698,385.72$ 2,748.79$ 701,134.51$ Note 1
Cert. Of Participation 2010 Ser A Lease Pymt Fund 1,108,662.50 780.70 1,108,662.50 780.70 Note 1
Cert. of Participation 2002 Lease Payment Fund 561,257.36 399.08 561,225.00 431.44 Note 1
Cert. of Participation 2010 Series Reserve Fund 1,324,140.08 5,685.55 1,329,825.63 Note 2
Total Restricted Funds:3,692,445.66$ -$ 9,614.12$ 1,669,887.50$ 2,032,172.28$
CEPPT IRS Section 115 Trust 1,415,625.11 (19,566.86)1,396,058.25$
Grand Total COP's and CEPPT Trust 5,108,070.77$ -$ (9,952.74)$ 1,669,887.50$ 3,428,230.53$
These accounts are not part of the Treasurer's fund balances reported elsewhere in this report, as they are for separate and distinct entities.
Note 1: The three original funds for the Certificates of Participation 2002 Series A consist of construction funds which will be expended over the
next few years, reserve funds which will guarantee the payment of lease payments, and a third fund for the disbursement of lease payments
and initial delivery costs.
Note 2: The 2010 COP Funds are all for the Library construction, reserves to guarantee lease payments, and a lease payment fund for the
life of the COP issue. The COI fund was closed in September 2010.
Note 3: The CEPPT Section IRS Section 115 Trust was established as an irrevocable trust dedicated to accumulate resources to fund the Town's unfunded liabilities related to pension and other p
Town of Los Gatos
Non-Treasury Restricted Fund Balances
August 31, 2023
Page 3
July 2023 133,845.42$
August 2023 129,679.93
September 2023 -
October 2023 -
November 2023 -
December 2023 -
January 2024 -
February 2024 -
March 2024 -
April 2024 -
May 2024 -
June 2024 -
263,525.35$
Interest by Month
Town of Los Gatos
Statement of Interest Earned
August 31, 2023
Page 4
Town of Los Gatos Investment Schedule
August 31, 2023
Market Value Maturity Yield to Interest Interest Interest DaysDepositParOriginalMarketAbove (Under)Purchased Date or Maturity Received Earned Earned toInstitutionCUSIP #Security Coupon Date Value Cost Value Cost Interest Call Date or Call to Date Prior Yrs.Current FY Maturity
US Treasury 91282CAP6 US Treasury Note 0.13%6/30/2021 1,000,000.00 995,390.63 993,590.00 (1,800.63)10/15/2023 0.33%2,240.44$ 6,520.12$ 553.76$ 45US Treasury 91282CDD0 US Treasury Note 0.38%1/13/2022 1,100,000.00 1,090,675.78 1,090,848.00 172.22 10/31/2023 0.85%5,344.27$ 13,599.56$ 1,581.94$ 61
FFCB 3133EKMX1 Gov. Agency Debenture 2.23%8/2/2019 1,000,000.00 1,014,400.00 984,760.00 (29,640.00)2/23/2024 1.90%96,075.83$ 74,902.07$ 3,252.05$ 176FFCB3133EMBE1Gov. Agency Debenture 0.30%10/8/2020 1,600,000.00 1,598,000.00 1,553,056.00 (44,944.00)3/28/2024 0.34%11,853.34$ 14,655.57$ 913.21$ 210FFCB3133EMCQ3Gov. Agency Debenture 0.28%10/16/2020 2,000,000.00 1,998,000.00 1,987,480.00 (10,520.00)10/13/2024 0.31%13,953.33$ 16,496.92$ 1,036.28$ 409Apple 037833DB3 Corporate Bond 2.90%12/20/2022 1,300,000.00 1,228,591.00 1,216,488.00 (12,103.00)6/21/2027 4.19%8,587.22$ 28,170.97$ 9,096.88$ 1390Cert. of Participation 2002 Lea437076BM3 Corporate Bond 3.00%8/4/2022 1,000,000.00 991,960.00 955,820.00 (36,140.00)1/1/2026 3.04%19,750.00$ 29,252.66$ 5,495.95$ 854US Treasury 912828ZW3 US Treasury Note 0.25%8/9/2022 350,000.00 322,096.88 321,590.50 (506.38)6/30/2025 3.16%779.89$ 9,366.72$ 1,786.88$ 669IBM 459200JY8 Corporate Bond 3.00%3/25/2021 1,000,000.00 1,071,040.00 981,670.00 (89,370.00)5/15/2024 0.71%64,166.67$ 16,751.96$ 1,255.89$ 258
FFCB 3133EN5V8 Gov. Agency Debenture 4.13%1/17/2023 236,000.00 239,174.20 232,509.56 (6,664.64)1/11/2027 3.76%4,705.25$ 4,016.30$ 1,518.36$ 1229US Treasury 91282CBT7 US Treasury Note 0.75%9/30/2022 800,000.00 712,565.18 725,968.00 13,402.82 3/31/2026 4.14%3,000.00$ 23,165.06$ 5,260.93$ 943FFCB3133ENP95Gov. Agency Debenture 4.25%9/30/2022 900,000.00 900,939.60 888,246.00 (12,693.60)9/30/2025 4.14%19,125.00$ 28,374.86$ 6,444.11$ 761US Treasury 91282CDA6 US Treasury Note 0.25%1/31/2022 1,100,000.00 1,085,222.44 1,095,501.00 10,278.56 9/30/2023 1.07%3,195.74$ 16,417.94$ 1,976.53$ 30
US Treasury 91282CAW1 US Treasury Note 0.25%7/15/2021 1,200,000.00 1,199,437.50 1,187,340.00 (12,097.50)11/15/2023 0.27%5,502.72$ 6,348.21$ 550.47$ 76American Honda 02665WCZ2 Corporate Bond 2.40%11/27/2019 1,000,000.00 1,012,410.01 973,370.00 (39,040.01)6/27/2024 2.12%96,733.34$ 76,483.79$ 3,617.08$ 301JP Morgan Chase 46625HRS1 Corporate Bond 3.20%9/23/2022 500,000.00 474,660.00 473,850.00 (810.00)3/15/2026 4.70%11,644.44$ 17,865.15$ 3,955.85$ 927
Honeywell Int'l.438516BW5 Corporate Bond 2.30%11/20/2019 1,000,000.00 1,014,660.00 970,360.00 (44,300.00)7/15/2024 1.64%85,483.33$ 71,679.55$ 3,371.88$ 319Caterpillar Financial Serv 14913Q2V0 Corporate Bond 2.85%2/23/2021 1,000,000.00 1,077,370.00 981,320.00 (96,050.00)5/17/2024 0.44%63,650.00$ 10,677.18$ 772.44$ 260FNMA3135G0V75Gov. Agency Debenture 1.75%10/17/2019 1,100,000.00 1,105,833.30 1,066,450.00 (39,383.30)7/2/2024 1.63%71,706.25$ 66,718.86$ 3,059.59$ 306US Bancorp 91159HHV5 Corporate Bond 3.38%12/24/2019 1,000,000.00 1,049,040.00 990,330.00 (58,710.00)1/5/2024 2.12%121,968.75$ 75,978.33$ 3,668.74$ 127
FFCB 3133EKQA7 Gov. Agency Debenture 2.08%10/21/2019 1,000,000.00 1,019,780.00 966,720.00 (53,060.00)9/10/2024 1.66%70,431.11$ 61,888.40$ 2,846.50$ 376FHLB3135G05X7Gov. Agency Debenture 0.38%6/10/2022 1,200,000.00 1,102,952.40 1,096,836.00 (6,116.40)8/25/2025 3.04%5,437.50$ 36,626.55$ 5,898.30$ 725US Treasury 912828ZL7 US Treasury Note 0.38%4/12/2022 1,700,000.00 1,583,927.57 1,575,016.00 (8,911.57)4/30/2025 2.72%6,691.99$ 54,017.06$ 7,542.92$ 608JP Morgan Chase 46625HJT8 Corporate Bond 3.88%9/23/2019 1,400,000.00 1,485,414.00 1,390,438.00 (94,976.00)2/1/2024 2.39%209,163.89$ 130,689.90$ 5,888.64$ 154
US Treasury 912828V23 US Treasury Note 2.25%11/29/2021 1,000,000.00 1,032,933.04 989,690.00 (43,243.04)12/31/2023 0.66%35,706.52$ 10,649.43$ 1,142.33$ 122US Treasury 91282CBE0_2 US Treasury Note 0.13%10/7/2021 1,000,000.00 994,768.98 980,820.00 (13,948.98)1/15/2024 0.36%2,214.67$ 6,137.79$ 603.08$ 137FHLB3130ALH98Gov. Agency Debenture 0.25%2/26/2021 1,000,000.00 997,610.00 974,710.00 (22,900.00)2/26/2024 0.33%6,250.00$ 7,713.30$ 559.98$ 179
FHLB 3130AQF65 Gov. Agency Debenture 1.25%11/30/2022 1,300,000.00 1,160,559.40 1,169,415.00 8,855.60 12/21/2026 4.15%9,072.92$ 29,385.32$ 8,593.82$ 1208US Treasury 912828U57 US Treasury Note 2.13%7/31/2019 1,000,000.00 1,011,875.00 991,880.00 (19,995.00)11/30/2023 1.84%81,458.33$ 72,526.17$ 3,144.49$ 91US Treasury 912828X70 US Treasury Note 2.20%12/30/2019 1,000,000.00 1,010,589.29 977,730.00 (32,859.29)4/30/2024 1.75%73,703.30$ 68,481.11$ 3,322.24$ 243US Treasury 912828XT2 US Treasury Note 2.00%10/31/2019 1,000,000.00 1,015,667.41 974,920.00 (40,747.41)5/31/2024 1.64%71,639.34$ 60,792.37$ 2,816.99$ 274
American Honda 02665WCQ2 Corporate Bond 3.63%9/14/2021 950,000.00 1,012,871.00 947,967.00 (64,904.00)10/10/2023 0.41%54,143.40$ 7,316.05$ 693.57$ 40FFCB3133EJ3Q0Gov. Agency Debenture 2.88%8/28/2019 1,500,000.00 1,587,503.75 1,488,135.00 (99,368.75)12/21/2023 2.12%164,473.96$ 87,804.46$ 3,882.94$ 112US Treasury 91282CBE0 US Treasury Note 0.13%9/15/2021 650,000.00 647,615.46 637,533.00 (10,082.46)1/15/2024 0.28%1,488.12$ 3,281.18$ 311.54$ 137
FHLB 3130APJH9 Gov. Agency Debenture 0.75%1/17/2023 1,000,000.00 907,010.00 906,520.00 (490.00)10/28/2026 4.17%2,104.17$ 14,420.85$ 5,451.78$ 1154FFCB3133EN5N6Gov. Agency Debenture 4.00%2/8/2023 1,700,000.00 1,706,732.00 1,671,389.00 (35,343.00)1/6/2028 3.91%27,955.56$ 25,921.64$ 11,317.90$ 1589Freddie Mac 3137EAEX3 Gov. Agency Debenture 0.04%5/1/2023 750,000.00 689,032.50 684,037.50 (4,995.00)296.88 9/23/2025 3.97%(296.88)$ 4,222.09$ 4,362.83$ 754American Honda 02665WED9 Corporate Bond 4.70%5/11/2023 600,000.00 608,856.00 592,122.00 (16,734.00)1/12/2028 4.34%4,778.33$ 3,603.61$ 4,468.48$ 1595
US Treasury 91282CEF4 US Treasury Note 2.50%6/9/2023 1,500,000.00 1,416,626.12 1,405,365.00 (11,261.12)7,172.13 3/31/2027 4.09%(7,172.13)$ 3,416.23$ 10,086.02$ 1308US Treasury 91282CGA3 US Treasury Note 4.00%6/20/2023 2,100,000.00 2,080,558.59 2,065,791.00 (14,767.59)1,147.54 12/15/2025 4.40%(1,147.54)$ 2,515.25$ 15,594.53$ 837Colgate-Palmolive 194162AR4 Corporate Bond 4.60%7/14/2023 500,000.00 504,655.00 501,550.00 (3,105.00)8,497.21 2/1/2028 4.37%(8,497.21)$ -$ 2,890.30$ 1615
FannieMae 3135G06G3 Gov. Agency Debenture 0.50%7/14/2023 500,000.00 455,157.00 455,420.00 263.00 465.28 11/7/2025 4.63%(465.28)$ -$ 2,870.05$ 799FFCB3133EPQC2Gov. Agency Debenture 4.63%7/17/2023 500,000.00 501,957.50 499,320.00 (2,637.50)7/17/2026 4.48%-$ -$ 2,770.66$ 1051FFCB3133EPBM6Gov. Agency Debenture 4.13%7/14/2023 600,000.00 596,220.00 593,334.00 (2,886.00)8/23/2027 4.29%2,681.25$ -$ 3,375.67$ 1453PNC Bank 69353RFJ2 Corporate Bond 3.25%7/25/2023 1,000,000.00 921,490.00 914,870.00 (6,620.00)270.83 12/23/2027 5.23%(270.83)$ -$ 5,096.55$ 1575
US Treasury 91282CFU0 US Treasury Note 4.13%7/31/2023 1,300,000.00 1,290,660.60 1,287,663.00 (2,997.60)13,406.25 10/31/2027 4.31%(13,406.25)$ -$ 4,740.88$ 1522Toyota Motor Credit 89236TKL8 Corporate Bond 5.45%8/25/2023 1,600,000.00 1,617,168.00 1,629,920.00 12,752.00 25,433.33 11/10/2027 5.16%(25,433.33)$ -$ 1,366.45$ 1532
Subtotal 49,536,000.00$ 49,141,657.13$ 48,039,658.56$ (1,101,998.57)$ 56,689.45$ 1,482,170.72$ 1,298,850.54$ 180,808.26$
BNY MM Money Market 89,488.15 89,488.15 0.00 0.00%1LAIFState Investment Pool 14,138,241.57 13,923,743.22 (214,498.35)3.43%80,917.87 1
$63,369,386.85 $62,052,889.93 ($1,316,496.92)$56,689.45 1,482,170.72$ 1,298,850.54$ 261,726.13$
Matured AssetsPNC Financial 69349LAM0 Corporate Bond 3.80%2/7/2022 1,000,000.00 1,033,470.00 7/25/2023 1.49%55,733.33$ 20,987.56$ 1,032.85$ US Treasury 91282CCN9 US Treasury Note 0.13%1/13/2022 1,200,000.00 1,188,375.00 7/31/2023 0.75%2,323.37$ 13,176.45$ 766.36$ Toyota Motor Credit 89236THA6_1 Corporate Bond 1.35%4/12/2021 500,000.00 510,580.00 8/25/2023 0.45%15,993.75$ 5,065.91$ 350.67$
Toyota Motor Credit 89236THA6 Corporate Bond 1.35%1/11/2022 1,100,000.00 1,107,315.00 8/25/2023 0.94%24,090.00$ 15,144.57$ 1,585.23$
Total Investments "Matured"1,799.21$
Total Interest FY 23_24 Matured and Current 263,525.35$
Maturity Profile Amount Percent0-1 year 38,338,057.31$ 60%1-2 years $4,923,804.45 8%
2-3 years $7,909,782.77 12%3-5 years 12,197,742.32$ 19%$63,369,386.85
Page 5
Security Description Maturity Date Par/Shares Moody Rating S&P Rating Insight ESG Rating Environment Social Governance
AMERICAN HONDA FINANCE 3.625% 10OCT2023 10/10/2023 950,000$ A3 A-2 1 3 3
JPMORGAN CHASE & CO 3.875% 01FEB2024 2/1/2024 1,400,000$ A1 A-3 1 3 4
US BANCORP 3.375% 05FEB2024 (CALLABLE 05JAN24)2/5/2024 1,000,000$ A3 A 3 3 4 3
IBM CORP 3.0% 15MAY2024 5/15/2024 1,000,000$ A3 A-2 1 2 3
CATERPILLAR FIN SERVICES 2.85% 17MAY24 5/17/2024 1,000,000$ A2 A 4 4 3 4
AMERICAN HONDA FINANCE 2.4% 27JUN2024 6/27/2024 1,000,000$ A3 A-2 1 3 3
HONEYWELL INTERNATIONAL 2.3% 15AUG2024 (CALLABLE 15JUL24)8/15/2024 1,000,000$ A2 A 4 3 4 3
HOME DEPOT INC. 3% 01APR2026 (CALLABLE 01JAN2026)4/1/2026 1,000,000$ A2 A 2 2 2 2
JPMORGAN CHASE & CO 3.2 15JUN2026 (CALLABLE 15MAR2026)6/15/2026 500,000$ A1 A-3 1 3 4
APPLE INC. 2.9% 12SEP2027 (CALLABLE 12JUN2027)9/12/2027 1,300,000$ Aaa AA+5 1 4 5
TOYOTA MOTOR CREDIT CORP 5.45% 10NOV2027 11/10/2027 1,600,000$ A1 A+3 2 3 4
AMERICAN HONDA FINANCE 4.7% 12JAN2028 1/12/2028 600,000$ A3 A-2 1 3 3
PNC BANK NA 3.25% 22JAN2028 (CALLABLE 01 FEB28)1/22/2028 1,000,000$ A2 A 3 2 3 3
COLGATE-PALMOLIVE CO 4.6% 01MAR2028 (CALLABLE 01FEB28)3/1/2028 500,000$ Aa3 AA-3 2 2 3
Total/Average 13,850,000$ 2.9 1.8 3.0 3.4
*ESG ratings are from 1 to 5, with 1 as the highest rating and 5 as the lowest. All ratings are weighted by industry rankings, based on the importance of the category within the individual industry.
Town of Los Gatos
Insight ESG Ratings as of August 31, 2023
Page 6
Fund Schedule
Fund
Number Fund Description
Current
Revenue
Current
Expenditure
Transfer
In
Transfer
Out
GENERAL FUND
Non-Spendable:
Loans Receivable 159,000 - - - - - 159,000
Restricted Fund Balances:
Pension 690,000 - - - - - 690,000
Committed Fund Balances:
Budget Stablization 5,991,566 - - - - - 5,991,566
Catastrphic 5,991,566 - - - - - 5,991,566
Pension/OPEB 300,000 - - - - - 300,000
Assigned Fund Balances:
Open Space 410,000 - - - - - 410,000
Sustainability 140,553 - - - - - 140,553
Capital/Special Projects 11,002,352 - - - - - 11,002,352
Carryover Encumbrances 33,145 - - - - - 33,145
Compensated Absences 1,519,147 - - - - - 1,519,147
Measure G District Sales Tax 590,581 - - - - - 590,581
Unassigned Fund Balances:
111 Other Unassigned Fund Balance Reserve (Pre YE distribution)6,823,541 (2,740,635) 2,068,160 (3,178,832) 114,499 - 3,086,733
General Fund Total 33,651,451 (2,740,635) 2,068,160 (3,178,832) 114,499 - 29,914,643
* Interfund transfers and ARPA funding allocation to be performed as part of the fiscal year end closing entries.
** Interfund transfers to be performed as part of the fiscal year end closing entries.
Aug 2023 Prior Year
Carryforward
7/1/2023*
Increase/
(Decrease) July
Estimated Fund
Balance
8/31/2023**
Page 7
Fund Schedule
Fund
Number Fund Description
Current
Revenue
Current
Expenditure Transfer In
Transfer
Out
SPECIAL REVENUE
211/212 CDBG 166,653 - - - - - 166,653
222 Urban Runoff (NPDES)640,562 (11,685) 29,996 (16,466) - - 642,407
231-236 Landscape & Lighting Districts 178,826 - - (2,520) - - 176,306
241 ARPA 3,614,872 - - - - 3,614,872
251 Los Gatos Theatre 24,704 5,514 5,514 (186) - - 35,546
711-716 Library Trusts 530,220 (2,681) 500 (10,744) - - 517,295
Special Revenue Total 5,155,837 (8,852) 36,010 (29,916) - - 5,153,079
CAPITAL PROJECTS
411 GFAR - General Fund Appropriated Reserve 14,441,953 6,000 96,100 (264) - (102,000) 14,441,789
421 Grant Funded Projects (485,610) 19,122 451,925 - -- (14,563)
461-463 Storm Basin Projects 3,162,560 - 10,631 - -- 3,173,191
471 Traffic Mitigation Projects 415,570 - 60,476 (47,977) - (12,499) 415,570
472 Utility Undergrounding Projects 3,379,836 - - - -3,379,836
481 Gas Tax Projects 1,756,762 (64,037) 232,171 - - - 1,924,896
Capital Projects Total 22,671,071 (38,915) 851,303 (48,241) - (114,499) 23,320,719
INTERNAL SERVICE FUNDS
611 Town General Liability 248,957 5,000 - (997,484) - - (743,527)
612 Workers Compensation 873,703 76,414 - (395,960) - - 554,157
621 Information Technology 3,076,585 (315,320) 5,310 (77,356) - - 2,689,219
631 Vehicle & Equipment Replacement 2,458,150 10,713 16,725 - - - 2,485,588
633 Facility Maintenance 725,773 (5,828) 8,867 (64,770) - - 664,042
Internal Service Funds Total 7,383,168 (229,021) 30,902 (1,535,570) - - 5,649,479
Trust/Agency
942 RDA Successor Agency (6,087,051) (1,669,989) - (1,887) - - (7,758,927)
Trust/Agency Fund Total (6,087,051) (1,669,989) - (1,887) - - (7,758,927)
Total Town 62,774,477 2,986,375 (4,794,446) 114,499 (114,499) 56,278,993
* Interfund transfers and ARPA funding allocation to be performed as part of the fiscal year end closing entries.
** Interfund transfers to be performed as part of the fiscal year end closing entries.
Deposit Accounts of Interest:
111-23541 General Plan Update deposit account balance $1,026,671.96
111-23521 BMP Housing deposit account balance $3,847,171.82
Prior Year
Carryforward
7/1/2023*
Increase/
(Decrease) July
Aug 2023 Estimated Fund
Balance
8/31/2023**
Page 8