Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
This memorandum presents the Second Quarter Financial Reports for Fiscal Year 2023-2024, covering various programs including Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management. It includes recommendations for acceptance of the reports and a proposal for the City Council to authorize the write-off of uncollectible debts totaling $1,053,825.71. The document outlines the activities and performance of each financial program, highlights the results of the Accounts Receivable Amnesty Program, and discusses ongoing initiatives such as the Citywide Disparity Study and Procurement Improvement Initiative.
Key points
The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee.
It recommends accepting the Second Quarter Financial Reports for Fiscal Year 2023-2024.
The reports cover Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management.
A proposal is made to write off uncollectible debts totaling $1,053,825.71.
The document includes a summary of the Accounts Receivable Amnesty Program and its outcomes.
The Purchasing Program is involved in a Citywide Disparity Study and a Procurement Improvement Initiative.
Limitations
The text includes placeholders and unresolved sections, such as specific details in the Debt Management Report.
The document appears to be a draft, as indicated by references to ongoing reviews and feedback processes.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 274,344 chars
PSFSS COMMITTEE: 02/15/2024 ITEM: (d)2. TO: PUBLIC SAFETY, FINANCE AND FROM: Rick Bruneau STRATEGIC SUPPORT COMMITTEE SUBJECT: SECOND QUARTER FINANCIAL REPORTS FOR FISCAL YEAR 2023-2024 DATE: January 31, 2024 Approved Date 2/6/2024 RECOMMENDATION (1) Accept the Second Quarter (period ended December 31, 2023) Financial Reports for Fiscal Year 2023-2024 for the following programs: (a) Debt Management; (b) Investment Management; (c) Revenue Management; and (d) Purchasing and Risk Management; (2) Refer and cross-reference the Second Quarter Financial Reports for Fiscal Year 2023-2024 to the March 12, 2024 City Council meeting for full adoption; and (3) Forward recommendation to the City Council for the March 12, 2024 City Council meeting to adopt a resolution authorizing the Director of Finance to write-off uncollectible debts in an amount up to $1,053,825.71. 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) 2023-2024 (quarter ended December 31, 2023) (Financial Reports) presents the quarterly...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
This document is the City Investment Report for the quarter ended December 31, 2023, prepared by the Finance Department. It includes details on portfolio performance, compliance with investment policies, and a summary of investment activities. The total portfolio size is approximately $2.39 billion, with an earned income yield of 3.106%. 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 15, 2024, and reviewed by the City Council on March 12, 2024.
Key points
Total portfolio size: $2,385,783,590
Earned income yield: 3.106%
Weighted average days to maturity: 682 days
Fiscal year-to-date net interest earnings: $39,082,488
No exceptions to the City’s Investment Policy during this quarter
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 223,980 chars
Attachment B TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Rick Bruneau SUBJECT: INVESTMENT REPORT FOR THE QUARTER ENDED DECEMBER 31, 2023 DATE: January 31, 2024 Approved Date 2/6/2024 Transmitted herewith is the City Investment Report for the quarter ended December 31, 2023. 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/-folder-450 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 15, 2024 and will be agendized through the PSFSS Committee for review by the full City Council on March 12, 2024. Summary of portfolio performance and compliance for quarter ended December 31, 2023: • • • • • Size of total portfolio: $2,385,783,590 Earned income yield: 3.106% Weighted average days to maturity: 682 days Fiscal year-to-date net interest earnings: $39,082,488 No exceptions to the City’s...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
The attachment contains the Second Quarter Financial Report for Fiscal Year 2023-2024, prepared by the Finance Department for the Public Safety, Finance and Strategic Support Committee. It includes details on outstanding debt, debt management activities, investment management, revenue management, purchasing, and risk management. Key figures include outstanding debt of $4.4 billion as of December 31, 2023, and total revenue of $4.749 billion for FY 2022-23. The report also discusses various financial strategies and upcoming projects.
Key points
Outstanding Debt as of December 31, 2023: $4.4 billion.
FY2023-24 Debt Issuance: $79.2 million.
Total Investment Portfolio: $2,385,783,590 with an earned interest yield of 3.106%.
General Fund balance decreased by $24 million, ending with a balance of $458 million.
Total Revenue for FY 2022-23: $4.749 billion.
Limitations
The text includes unresolved placeholders such as specific project names and amounts in some sections.
The document appears to be a draft as indicated by the mention of ongoing reviews and updates.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 16,390 chars
COMMITTEE AGENDA: FEBRUARY 15, 2024 ITEM: (D.2) FILE: CC 24-284 ATTACHMENT A SECOND QUARTER FINANCIAL REPORT FISCAL YEAR 2023-2024 Public Safety, Finance and Strategic Support Committee Prepared by the Finance Department January 31, 2024 SECOND QUARTER DEBT MANAGEMENT REPORT FISCAL YEAR 2023-2024 2 OUTSTANDING DEBT ISSUED (CITY AND ALL AGENCIES) Outstanding Debt ($ 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 December 31, 2023: $4.4 Billion FY2023-24 Debt Issuance: $79.2 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 December 31, 2023: $3.6 Billion (Excluding Multifamily Housing Revenue Bonds) Successor Agency Tax Allocation Bonds, $1,086,715,000, 30.26% CSJ GO Bonds, $522,815,000, 14.56% CSJFA Bonds/ CP Notes, $662,025,000, 18.44% Wastewater Revenue Bonds/ RWF Notes, $264,503,484, 7.37% Airport Revenue Bonds/ CP, $1,054,800,000, 29.37% 4 DEBT ISSUANCES Multifamily Housing Revenue...