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Generated summaryAI-assisted
This memorandum presents the First Quarter Financial Reports for Fiscal Year 2024-2025, covering the period ended September 30, 2024. It includes updates on the City of San José's Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management programs. The report recommends acceptance of these financial reports and referral to the City Council for full adoption. The memorandum outlines the activities and performance metrics of each program, including collection efforts and procurement operations.
Key points
The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee.
It recommends acceptance of the First Quarter Financial Reports for various financial programs.
The report provides updates on Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management activities.
The Revenue Management report indicates a Return on Investment ratio of 4.0 to 1 for the first quarter.
The memorandum will be posted on the City Council Agenda website for upcoming meetings.
Limitations
The document contains unresolved placeholders, such as specific names and contact details for some finance contacts.
The summary does not include specific dates for the meetings beyond those mentioned.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 8,517 chars
PSFSS COMMITTEE AGENDA: 11/21/24 ITEM: (c)1. TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE SUBJECT: First Quarter Financial Reports for Fiscal Year 2024-2025 Approved FROM: Drew Corbett DATE: November 6, 2024 Date: 11/8/2024 COUNCIL DISTRICT: Citywide RECOMMENDATION (1) Accept the First Quarter (period ended September 30, 2024) Financial Reports for Fiscal Year 2024-2025 for the following programs: (a) Debt Management; (b) Investment Management; (c) Revenue Management; and (d) Purchasing and Risk Management; and (2) Refer and cross-reference the First Quarter Financial Reports for Fiscal Year 20242025 to the December 17, 2024, 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 First Quarter Financial Reports for Fiscal Year (FY) 2024-2025 (quarter ended September 30, 2024) (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 PUBLIC SAFETY, FINANCE AND...
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The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
This document is the First 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, detailing outstanding debt, investment performance, revenue collection efforts, and purchasing transactions for the quarter ending September 30, 2024.
Key points
Outstanding Debt as of September 30, 2024, is $4.21 billion.
FY2024-25 Debt Issuance totaled $76.4 million.
Total Investment Portfolio is $2,522,084,221 with an earned interest yield of 3.605%.
General Fund balance decreased by $472 million, ending with $416 million.
Total Revenue for FY 2023-24 is reported at $4.231 billion.
Limitations
The document contains unresolved placeholders and lacks specific details in some sections.
Certain financial figures are presented without context or explanation of their implications.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 14,911 chars
Attachment A PSFSS COMMITTEE AGENDA: NOVEMBER 21, 2024 ITEM: (C)1. FILE: CC 24-436 FIRST QUARTER FINANCIAL REPORT FISCAL YEAR 2024-2025 Public Safety, Finance and Strategic Support Committee Prepared by the Finance Department November 1, 2024 FIRST QUARTER DEBT MANAGEMENT REPORT FISCAL YEAR 2024-2025 2 OUTSTANDING DEBT ISSUED (CITY AND ALL AGENCIES) Outstanding Debt ($ million) $7,000 $2,000 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Annual Debt Issuance ($ million) Outstanding Debt as of September 30, 2024: $4.21 Billion FY2024-25 Debt Issuance: $76.4 Million Fiscal Year Ended June 30 City and Related Entity Debt Outstanding Conduit Debt Outstanding *YTD Debt Issuance 3 Annual Debt Issuance DIRECT OUTSTANDING DEBT (CITY AND ALL AGENCIES) Outstanding Debt as of September 30, 2024: $3.47 Billion (Excluding Multifamily Housing Revenue Bonds) Successor Agency Tax Allocation Bonds, $981,260,000, 28.29% CSJ GO Bonds, $497,265,000, 14.33% CSJFA Bonds/ CP Notes, $638,982,000, 18.42% Wastewater Revenue Bonds/ RWF Notes, $304,503,219, 8.78% Airport Revenue Bonds/ CP, $1,047,167,096, 30.18% 4 DEBT ISSUANCE AND MANAGEMENT...
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Generated summaryAI-assisted
This document is the City Investment Report for the quarter ended September 30, 2024, prepared by the Finance Department. It includes details on portfolio performance, compliance with the City’s Investment Policy, and a summary of investment activities. The total portfolio size is approximately $2.52 billion with an earned income yield of 3.605%. The report indicates no exceptions to the Investment Policy during the quarter and outlines the distribution of the report to the Public Safety, Finance and Strategic Support Committee and the City Council.
Key points
Total portfolio size: $2,522,084,221
Earned income yield: 3.605%
Weighted average days to maturity: 646 days
Fiscal year-to-date net interest earnings: $24,022,421
No exceptions to the City’s Investment Policy during this quarter
Limitations
The document is truncated, and some sections may be incomplete.
Unresolved placeholders and missing information affect 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 · 184,041 chars
Attachment B TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: INVESTMENT REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2024 Approved FROM: Drew Corbett DATE: November 6, 2024 Date: 11/8/2024 Transmitted herewith is the City Investment Report for the quarter ended September 30, 2024. 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 November 21, 2024, and will be agendized through the PSFSS Committee for review by the full City Council on December 17, 2024. Summary of portfolio performance and compliance for quarter ended September 30, 2024: • • • • • Size of total portfolio: $2,522,084,221 Earned income yield: 3.605% Weighted average days to maturity: 646 days Fiscal year-to-date net interest earnings: $24,022,421 No exceptions to the City’s...