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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 8 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />March 5, 2024 <br />TOPIC: Quarterly Report of Investments as of December 31, 2023 <br />AGENDA TITLE <br />Receive and File Quarterly Report of Investments as of December 31, 2023 <br />RECOMMENDED ACTION <br />Receive and file. <br />GOVERNMENT CODE §84308 APPLIES: No <br />DISCUSSION <br />This is a Quarterly Report of Investments. California Code Section 53646(b) states that <br />if a quarterly report is rendered to the legislative body, the quarterly investment report <br />shall be submitted within 45 days following the end of the quarter covered by the report. <br />In an effort to meet the statutory requirement, Finance & Management Services Agency <br />("FMSA") submits the Report via email for review and distribution to the City Council in <br />advance. The report was emailed for distribution on January 26, 2024. The legislation <br />specifies that this quarterly report contain the seven major elements listed below: <br />1. Type of investments <br />2. Date of maturity <br />3. Par and dollar amounts invested in each security <br />4. Weighted average maturity of the investments <br />5. Market value as of the date of the report <br />6. Source of the market value information <br />7. Any funds, investments, or programs, including loans, <br />under the management of contracted parties <br />These specifications include a statement outlining the ability of the City to meet the <br />budgeted expenditures for the subsequent six months be submitted to the City Council <br />on a quarterly basis. Staff performs an end -of -month expenditure analysis to comply <br />with the expenditure requirement and a statement confirming the ability to meet this <br />requirement in the monthly and quarter -ending Treasurer's Report. The information is <br />in compliance with State law and the City's Investment Policy. <br />The attached Treasurer's Report (Exhibit 1) accurately reflects all pooled investments <br />held on behalf of the City as of December 31, 2023. <br />