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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 7 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />October 1, 2024 <br /> <br />TOPIC: Quarterly Report of Investments as of June 30, 2024 <br />AGENDA TITLE <br />Receive and File Quarterly Report of Investments as of June 30, 2024 <br />RECOMMENDED ACTION <br />Receive and file. <br />GOVERNMENT CODE §84308 APPLIES: No <br />DISCUSSION <br />In accordance with the City’s Statement of Investment Policy, the Finance Management <br />Services Agency (FMSA) shall render to the City Council and City Manager an <br />Investment Report (Report) containing detailed information on all cash and security <br />investments of the City. The City Manager and City Council receive the reports on a <br />monthly basis, within 45 days following month-end, in compliance with Government <br />Code section 53646. Quarterly reports appear on regular City Council public meeting <br />agendas for formal approval. <br />Each month, staff performs an expenditure analysis to assure the City can meet its <br />budgeted expenditures for the following six months. As of June 30, 2024, this analysis <br />affirms that the City has adequate cash reserves necessary to meet its obligations for <br />the next six months. All the information provided is in compliance with state law and the <br />City of Santa Ana July 1, 2023 – June 30, 2024 Statement of Investment Policy. <br />The Investment Report (Exhibit 1) attached accurately represents all pooled <br />investments held for the City as of June 30, 2024. The investment report includes the <br />following updates: <br />•New summary tables provided by the City’s Investment Advisor. <br />•Detailed list of investment transactions. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action.