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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 5 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />December 3, 2024 <br />TOPIC: Quarterly Report of Investments as of September 30, 2024 <br />AGENDA TITLE <br />Receive and File Quarterly Report of Investments as of September 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 and <br />Management Services Agency (FMSA) shall render to the City Council and City <br />Manager an Investment Report (Report) containing detailed information on all cash and <br />security investments of the City. The City Manager and City Council receive the reports <br />on a 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 September 30, 2024, this <br />analysis affirms that the City has adequate cash reserves necessary to meet its <br />obligations for the next six months. All the information provided is in compliance with <br />state law and the City of Santa Ana July 1, 2024 – June 30, 2025 Statement of <br />Investment Policy. <br />In September, the City withdrew $17.2 million from matured investments to cover <br />operating costs and for the deposit to the pension stabilization trust. <br />The Investment Report (Exhibit 1) attached accurately represents all pooled <br />investments held for the City as of September 30, 2024. <br /> <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action.