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Special Revenue and Enterprise Funds
<br />The Quarterly Financial Report for the special revenue and enterprise funds is attached to this
<br />report. All funds fell within the expected budget amounts.
<br />Investments
<br />As of March 31, 2025, total cash and investments for all City Funds totaled $17,358,748.78 and
<br />the allocation by investment type is as follows:
<br />Type Amount Percentage
<br />MM $869,844.83 5.01%
<br />CD $12,661,485.83 72.94%
<br />Agency $499,376.70 2.88%
<br />Treasury $534,592.23 3.08%
<br />Municipal $702,804.30 4.05%
<br />Checking 4M $2,090,644.89 12.04%
<br />Total $17,358,748.78 100.00%
<br />All of the CD’s that City holds are under $250,000 and are FDIC insured. There is one CD at
<br />RCU that is collateralized, as per the City’s investment policy. All current investments are within
<br />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. Note that the
<br />table below does not include MM and Checking 4M balances noted above.
<br />Total
<br />2025 2026 2027 2028 2029 2030
<br />January 1- - - 589,000.00 490,000.00 - 1,079,000.00
<br />March 2- 249,000.00 480,000.00 440,000.00 736,085.84 - 1,905,085.84
<br />March 3 266,250.16 607,915.60 730,000.00 245,000.00 739,000.00 - 2,588,165.76
<br />April 4 350,000.00 245,000.00 670,000.00 200,000.00 - - 1,465,000.00
<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 9 198,030.19 240,000.00 490,000.00 245,000.00 - - 1,172,642.56
<br />October 10 - - - - - - -
<br />November 11 245,000.00 220,000.00 240,000.00 245,000.00 - - 950,000.00
<br />December 12 - 480,000.00 - - 250,000.00 - 730,000.00
<br />2,294,280.35 3,754,915.60 3,440,000.00 2,509,000.00 2,400,450.74 - 14,398,259.06
<br />15,268,103.89
<br />869,844.83 MM
<br />Investments Maturity by Year and Month
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