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This memorandum discusses the Fourth Quarter Financial Reports for Fiscal Year 2024-2025, covering various financial management programs including Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management. It includes recommendations for acceptance and referral to the City Council for full adoption. The report provides updates on financial activities, collection efforts, and investment performance as of June 30, 2025.
Key points
The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee from Maria Öberg.
It recommends accepting the Fourth Quarter Financial Reports for various programs and refers them to the City Council for adoption.
The report includes updates on Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management activities.
The City of San José's outstanding debt is reported at $4.26 billion.
The General Fund balance increased to $781 million as of June 30, 2025.
The report highlights the City’s investment policy and performance, with a total portfolio size of approximately $2.98 billion and a yield of 3.805%.
The Revenue Management report emphasizes efforts to reduce delinquent accounts and enhance revenue compliance.
Limitations
The text includes unresolved placeholders such as specific dates and details in tables that are not fully visible.
Some sections of the report are truncated, limiting the completeness of the summary.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 229,260 chars
PSFSS COMMITTEE AGENDA: 08/21/25 ITEM: (d)1. TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE FROM: Maria Öberg SUBJECT: Fourth Quarter Financial Reports for Fiscal Year 2024-2025 DATE: July 28, 2025 Approved Date: 8/13/2025 COUNCIL DISTRICT: Citywide RECOMMENDATION (a) Accept the Fourth Quarter (period ended June 30, 2025) Financial Reports for Fiscal Year 2024-2025 for the following programs: (1) Debt Management; (2) Investment Management; (3) Revenue Management; and (4) Purchasing and Risk Management; and (b) Refer and cross-reference the Fourth Quarter Financial Reports for Fiscal Year 2024-2025 to the September 9, 2025, City Council meeting for full adoption. SUMMARY AND OUTCOME Provide the quarterly update on debt management, investment management, revenue management, purchasing, and risk management activities. BACKGROUND The attached Fourth Quarter Financial Reports for Fiscal Year (FY) 2024-2025 (quarter ended June 30, 2025) (Financial Reports) present the quarterly activity for the City of San José (City) Finance Department’s Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management programs (Attachment A). Additionally, the...
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Generated summaryAI-assisted
The document is a Fourth Quarter Financial Report for Fiscal Year 2024-2025, prepared by the Finance Department for the Public Safety, Finance and Strategic Support Committee. It includes sections on Debt Management, Investment Management, Revenue Management, and Purchasing and Risk Management. Key figures include total outstanding debt of $4.26 billion, direct outstanding debt of $3.42 billion, and a General Fund balance of $781 million as of June 30, 2025. The report also discusses various financial metrics, investment strategies, and revenue management programs.
Key points
Total outstanding debt is $4.26 billion.
Direct outstanding debt is $3.42 billion, excluding multifamily housing revenue bonds.
General Fund balance increased by $275 million, totaling $781 million as of June 30, 2025.
Investment yield is 3.805% with a total portfolio size of $2,980,651,143.
Total revenue for FY 2023-24 is $4.231 billion.
Purchasing transactions include 39 solicitations completed in Q4 and 430 purchase orders executed.
Limitations
The document contains unresolved placeholders and unfilled sections that may affect the completeness of the summary.
Specific dollar amounts for some programs are not provided in detail.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 13,668 chars
COMMITTEE AGENDA: AUGUST 21, 2025 ITEM: (d)1. FILE: CC 25-108 ATTACHMENT A FOURTH QUARTER FINANCIAL REPORT FISCAL YEAR 2024-2025 Public Safety, Finance and Strategic Support Committee Prepared by the Finance Department July 28, 2025 FOURTH QUARTER DEBT MANAGEMENT REPORT FISCAL YEAR 2024-2025 2 ALL OUTSTANDING DEBT: $4.26 BILLION (CITY AND ALL AGENCIES) FY2024-25 Debt Issuance: $97.7 Million $2,000 $1,800 $6,000 $1,600 $5,000 $1,400 $1,200 $4,000 $1,000 $3,000 $800 $600 $2,000 $400 $1,000 $200 $0 $0 Fiscal Year Ended June 30 City and Related Entity Debt Outstanding Conduit Debt Outstanding 3 Annual Debt Issuance Annual Debt Issuance ($ million) Outstanding Debt ($ million) $7,000 DIRECT OUTSTANDING DEBT: $3.42 BILLION (EXCLUDING MULTIFAMILY HOUSING REVENUE BONDS) CSJ GO Bonds, $497,265,000, 14.53% Successor Agency Tax Allocation Bonds, $981,260,000, 28.67% CSJFA Bonds/ CP Notes, $632,677,000, 18.49% Wastewater Revenue Bonds/ RWF Notes, $300,348,219, 8.78% Airport Revenue Bonds/ CP, $1,010,623,864, 29.53% 4 DEBT ISSUANCE • $20.7 million in CSJFA T/E Commercial Paper (Muni Water Building) • To be closed in FY 2025-26 ▪ $209.6 million CSJ General Obligation Bonds, Series 2025ABC ▪...
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Generated summaryAI-assisted
This document is the Fourth Quarter Investment Report for the City of San José for the quarter ended June 30, 2025. It details the city's investment portfolio performance, including total portfolio size, earned interest yield, weighted average days to maturity, and fiscal year-to-date net interest earnings. The report indicates compliance with the City’s Investment Policy and provides a summary of portfolio statistics, earnings reports, and market value of the portfolio. The report will be discussed in the Public Safety, Finance and Strategic Support Committee meeting on August 21, 2025, and reviewed by the full City Council on September 9, 2025.
Key points
Total Portfolio Size: $2,980,651,143
Earned Interest Yield: 3.805%
Weighted Average Days to Maturity: 560 days
Fiscal Year-to-Date Net Interest Earnings: $95,819,164
No exceptions to the City’s Investment Policy during this quarter
Limitations
The document contains placeholders and unfilled sections that may affect the completeness of the summary.
Specific details regarding the investment strategy and transaction activities are truncated and not fully presented.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 206,723 chars
PSFSS COMMITTEE AGENDA: 08/21/25 FILE: CC 25-108 ITEM: (d)1. ATTACHMENT B TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: Fourth Quarter Investment Report For the Quarter Ended June 30, 2025 Approved FROM: Maria Öberg DATE: July 28, 2025 Date: 8/13/2025 Transmitted herewith is the City Investment Report for the quarter ended June 30, 2025. To meet the reporting requirements set forth in the City of San José Investment Policy, an electronic version of this report will be posted on the City’s website at https://www.sanjoseca.gov/your-government/departments-offices/finance/reports/-folder450, and a hard copy will be on file at the City Clerk’s Office located at 200 East Santa Clara Street, San José. This report will be distributed to the Public Safety, Finance and Strategic Support Committee (PSFSS) for discussion during its meeting on August 21, 2025 and will be agendized through the PSFSS Committee for review by the full City Council on September 9, 2025. Summary of Portfolio performance and compliance for quarter ended June 30, 2025: Size of total Portfolio: $2,980,651,143 Earned interest yield: 3.805% Weighted average days to maturity: 560 days Fiscal year-to-date net...