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The memorandum discusses the Second Quarter Financial Reports for Fiscal Year 2025-2026, covering various financial management programs within the City of San José. It includes recommendations to accept the reports and refer them to the City Council for adoption. The report details activities in Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management, providing insights into financial performance and collection efforts. The document outlines the status of outstanding debts, investment strategies, revenue collection efforts, and purchasing transactions.
Key points
The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee.
It recommends accepting the Second Quarter Financial Reports for various programs.
The report covers financial activities for the period ended December 31, 2025.
Key programs discussed include Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management.
The report highlights a Return-on-Investment ratio of 4.85 to 1 for the Revenue Management program.
The General Fund balance decreased by $40 million during the quarter, ending with a balance of $326 million.
Purchasing transactions included 266 purchase orders executed in the second quarter.
Limitations
The text includes unresolved placeholders and incomplete sections.
Specific dates and outcomes related to the recommendations are not provided.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 210,841 chars
PSFSS COMMITTEE AGENDA: 2/19/26 ITEM: (d)1 TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE SUBJECT: Second Quarter Financial Reports for Fiscal Year 2025-2026 Approved FROM: Maria Öberg DATE: January 29, 2026 Date: 2/11/2026 COUNCIL DISTRICT: Citywide RECOMMENDATION (a) Accept the Second Quarter (period ended December 31, 2025) Financial Reports for Fiscal Year 2025-2026 for the following programs: (1) Debt Management; (2) Investment Management; (3) Revenue Management; and (4) Purchasing and Risk Management. (b) Refer the Second Quarter Financial Reports for Fiscal Year 2025-2026 to the March 10, 2026, 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 Second Quarter Financial Reports for Fiscal Year (FY) 2025-2026 (quarter ended December 31, 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 Second Quarter...
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Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
The document is a Second Quarter Financial Report for Fiscal Year 2025-2026, 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 outstanding debt of $4.25 billion, a direct outstanding debt of $3.53 billion, and a total investment portfolio of approximately $2.49 billion. The report also discusses revenue management programs, collections, and compliance efforts, along with purchasing transactions and risk management activities.
Key points
Outstanding debt totals $4.25 billion.
Direct outstanding debt is $3.53 billion, excluding multifamily housing revenue bonds.
Investment portfolio size is approximately $2.49 billion.
General Fund balance decreased by $40 million, ending with $326 million as of December 31, 2025.
Revenue Management focuses on collecting outstanding receivables through various programs.
Purchasing Division completed 266 purchase orders in the second quarter.
Limitations
The document contains unresolved placeholders and blank fields that may affect the completeness of the summary.
The document appears to be a draft as indicated by the structure and content.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 13,286 chars
COMMITTEE AGENDA: FEBRUARY 19, 2026 ITEM: D.1 ATTACHMENT A SECOND QUARTER FINANCIAL REPORT FISCAL YEAR 2025-2026 Public Safety, Finance and Strategic Support Committee Prepared by the Finance Department February 19, 2026 1 SECOND QUARTER DEBT MANAGEMENT REPORT FISCAL YEAR 2025-2026 2 OUTSTANDING DEBT: $4.25 BILLION (CITY AND ALL AGENCIES) FY 2025-26 YTD Issuance: $491.85 million $2,000 $1,800 Outstanding Debt ($ million) $6,000 $1,600 $5,000 $1,400 $4,000 $1,200 $1,000 $3,000 $800 $2,000 $600 $400 $1,000 Annual Debt Issuance ($ million) $7,000 $200 $0 $0 Fiscal Year Ended June 30 City and Related Entity Debt Outstanding Conduit Debt Outstanding 3 Annual Debt Issuance DIRECT OUTSTANDING DEBT: $3.53 BILLION (EXCLUDING MULTIFAMILY HOUSING REVENUE BONDS) CSJ GO Bonds, $668,715,000, 18.92% Successor Agency Tax Allocation Bonds, $872,160,000, 24.67% Wastewater Revenue Bonds/ RWF Notes, $345,982,862, 9.79% CSJFA Bonds/ CP Notes, $637,452,000, 18.03% Airport Revenue Bonds/ CP, $1,010,623,864, 28.59% 4 DEBT REFUNDING AND RATING UPDATE • Debt Refunding • On November 14, 2025, CSJFA used Series 2025A proceeds and Series 2013B reserve funds to refund all outstanding principal ($20,740,000)...
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Generated summaryAI-assisted
The Investment Report for the quarter ended December 31, 2025, provides an overview of the City of San José's investment activities, including portfolio performance, compliance with investment policy, and cash management projections. The total portfolio size is approximately $2.49 billion, with an earned interest yield of 4.018%. The report indicates no exceptions to the City's Investment Policy during the quarter. It will be discussed in the Public Safety, Finance and Strategic Support Committee meeting on February 19, 2026, and reviewed by the City Council on March 10, 2026.
Key points
Total portfolio size: $2,493,932,545
Earned interest yield: 4.018%
Weighted average days to maturity: 713 days
Fiscal year-to-date net interest earnings: $52,772,992
No exceptions to the City’s Investment Policy during this quarter.
Limitations
The report includes placeholders and unresolved sections that affect the completeness of the summary.
Specific details regarding certain financial figures and comparisons are truncated.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 189,704 chars
PSFSS COMMITTEE AGENDA: 2/19/26 ITEM: (d)1 ATTACHMENT B TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Maria Öberg SUBJECT: Second Quarter Investment Report DATE: January 29, 2026 For the Quarter Ended December 31, 2025 Approved Date: 2/11/2026 Transmitted herewith is the City Investment Report for the quarter ended December 31, 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 February 19, 2026, and will be agendized through the PSFSS Committee for review by the full City Council on March 10, 2026. Summary of portfolio performance and compliance for quarter ended December 31, 2025: • • • • • Size of total portfolio: $2,493,932,545 Earned interest yield: 4.018% Weighted average days to maturity: 713 days Fiscal year-to-date net...