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Shade Trees department at 52.57% to budget or 18,972 under budget - 2024 budget
<br />includes Ash tree removal and boulevard tree trimming.
<br />Special Revenue and Enterprise Funds
<br />The Quarterly Financial Report for the special revenue and enterprise funds is attached to this
<br />report. See comments for each fund.
<br />Investments
<br />As of December 2024, total cash and investments for all City Funds totaled $18,858,310.93, and
<br />the allocation by investment type is as follows:
<br />All of the CD’s that City holds are under $250,000 and are FDIC insured. All current investments
<br />are within the City’s Investment Policy.
<br />Since the City’s cash and investments are needed for cash flow in the City’s operating and capital
<br />activities, it is helpful to understand the maturities in order to structure future investment
<br />opportunities. Below are the future maturities for the City’s cash and investments.
<br />Total
<br />2025 2026 2027 2028 2029
<br />January 1 445,000.00 - - 249,000.00 - 694,000.00
<br />February 2 245,000.00 249,000.00 480,000.00 440,000.00 736,085.84 2,150,085.84
<br />March 3 999,713.82 607,915.60 730,000.00 245,000.00 - 2,582,629.42
<br />April 4 350,000.00 245,000.00 650,000.00 200,000.00 - 1,445,000.00
<br />May 5- 245,000.00 400,000.00 85,000.00 - 730,000.00
<br />June 6- - - - - -
<br />July 7 745,000.00 735,000.00 210,000.00 210,000.00 - 1,900,000.00
<br />August 8 490,000.00 733,000.00 220,000.00 250,000.00 185,364.90 1,878,364.90
<br />September 9 198,030.19 240,000.00 245,000.00 245,000.00 - 927,642.56
<br />October 10 - - - - - -
<br />November 11 245,000.00 220,000.00 - 245,000.00 - 710,000.00
<br />December 12 - 480,000.00 - - 250,000.00 730,000.00
<br />3,717,744.01 3,754,915.60 2,935,000.00 2,169,000.00 1,171,450.74 13,747,722.72
<br />14,317,000.02
<br />569,277.30 MM
<br />Investments Maturity by Year and Month
<br />Type Amount Percentage
<br />MM $569,277.30 3.02%
<br />CD $12,010,949.49 63.69%
<br />Agency $499,376.70 2.65%
<br />Treasury $534,592.23 2.83%
<br />Municipal $702,804.30 3.73%
<br />MM 4M $4,541,310.91 24.08%
<br />Total $18,858,310.93 100.00%
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