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The source text indicates this attachment appears to be a draft document.
This memorandum presents the Third Quarter Financial Reports for Fiscal Year 2025-2026, covering the period ended March 31, 2026. It includes updates on Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management programs. The memorandum recommends accepting the financial reports, referring them to the City Council for adoption, and authorizing the write-off of uncollectible debts totaling $880,829.08. The report also outlines the collection processes for delinquent accounts and the criteria for writing off bad debts.
Key points
The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee.
It includes recommendations for accepting financial reports and authorizing debt write-offs.
The financial reports cover various programs including Debt Management, Investment Management, Revenue Management, Purchasing, and Risk Management.
The report highlights the City’s collection efforts and the criteria for writing off uncollectible debts.
The Business Tax Amnesty Program is mentioned, allowing for the waiver of late fees and interest for eligible businesses.
Limitations
The document contains unresolved placeholders such as specific dates and amounts in the recommendations.
The text appears to be a draft as it includes sections that are not finalized.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 13,612 chars
PSFSS COMMITTEE AGENDA: 06/18/26 ITEM: (c)1 TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE FROM: Maria Öberg SUBJECT: Third Quarter Financial Reports for Fiscal Year 2025-2026 DATE: May 28, 2026 Approved Date RECOMMENDATION June 3, 2026 COUNCIL DISTRICT: Citywide (a) Accept the Third Quarter (period ended March 31, 2026) 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 Third Quarter Financial Reports for Fiscal Year 2025-2026 to the August 11, 2026, City Council meeting for full adoption. (c) Forward recommendation to the City Council for the August 11, 2026 City Council meeting to adopt a resolution authorizing the Director of Finance to write off uncollectible debts in an amount up to $880,829.08. SUMMARY AND OUTCOME Provide the quarterly update on debt management, investment management, revenue management, purchasing, and risk management activities. BACKGROUND The attached Third Quarter Financial Reports for Fiscal Year (FY) 2025-2026 (quarter ended March 31, 2026) (Financial Reports) present the quarterly activity...
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The source text indicates this attachment appears to be a draft document.
This document is a financial report for the third quarter of the fiscal year 2025-2026, covering debt management, investment management, revenue management, and purchasing and risk management. It includes details on outstanding debt, investment policies, revenue management programs, and purchasing transactions.
Key points
Outstanding debt totals $4.23 billion, with direct outstanding debt at $3.51 billion.
Investment portfolio size is $2,721,537,480 with a yield of 4.197%.
General Fund balance increased by $73 million to $398 million as of March 31, 2026.
Revenue management focuses on collecting outstanding receivables with various programs.
Purchasing transactions include 292 purchase orders executed in the third quarter.
Limitations
The text contains unresolved placeholders and lacks specific details in some sections.
The document appears to be a draft, as indicated by the formatting and structure.
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Extracted text preview · 14,246 chars
Attachment A Committee Agenda: June 18, 2026 Item: (c)1 THIRD QUARTER FINANCIAL REPORT FISCAL YEAR 2025-2026 Public Safety, Finance and Strategic Support Committee Prepared by the Finance Department June 18, 2026 1 THIRD QUARTER DEBT MANAGEMENT REPORT FISCAL YEAR 2025-2026 2 OUTSTANDING DEBT: $4.23 BILLION (CITY AND ALL AGENCIES) FY 2025-26 YTD Issuance: $491.85 Million $2,000 $7,000 Outstanding Debt ($ million) $1,600 $5,000 $1,400 $4,000 $1,200 $3,000 $800 $1,000 $600 $2,000 $400 $1,000 Annual Debt Issuance ($ million) $1,800 $6,000 $200 $0 $0 Fiscal Year Ended June 30 City and Related Entity Debt Outstanding Conduit Debt Outstanding 3 Annual Debt Issuance DIRECT OUTSTANDING DEBT: $3.51 BILLION (EXCLUDING MULTIFAMILY HOUSING REVENUE BONDS) CSJ GO Bonds, $668,715,000, 19.08% Successor Agency Tax Allocation Bonds, $872,160,000, 24.88% CSJFA Bonds/ CP Notes, $637,452,000, 18.18% Wastewater Revenue Bonds / Notes, $345,982,862, 9.87% Airport Revenue Bonds/ CP, $981,108,202, 27.99% 4 DEBT ISSUANCE & MANAGEMENT UPDATE • California Community Choice Financing Authority Clean Energy Project Revenue Bonds, Series 2026A (Green Bonds) closed January 27, 2026 – $1.25 billion conduit...
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The source text indicates this attachment appears to be a draft document.
This document is the City Investment Report for the quarter ended March 31, 2026, prepared by the Finance Department. It includes details on the total portfolio size, earned interest yield, weighted average days to maturity, and compliance with the City’s Investment Policy. The report indicates no exceptions to the policy during the quarter and summarizes the portfolio's performance, including comparisons to previous quarters. It will be discussed in the Public Safety, Finance and Strategic Support Committee meeting on June 18, 2026, and reviewed by the full City Council on August 11, 2026.
Key points
Total portfolio size: $2,721,537,480
Earned interest yield: 4.197%
Weighted average days to maturity: 749 days
Fiscal year-to-date net interest earnings: $80,892,868
No exceptions to the City’s Investment Policy during the quarter
Limitations
The document appears to be a draft as it includes placeholders and incomplete sections.
Some sections 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 · 202,315 chars
Attachment B PSFSS COMMITTEE AGENDA: 06/18/26 ITEM: (c)1 TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: Third Quarter Investment Report For the Quarter Ended March 31, 2026 Approved FROM: Maria Öberg DATE: April 30, 2026 Date: Transmitted herewith is the City Investment Report for the quarter ended March 31, 2026. 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/-folder7054#docfold_14_4866_6255_7054 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 June 18, 2026, and will be agendized through the PSFSS Committee for review by the full City Council on August 11, 2026. Summary of portfolio performance and compliance for quarter ended March 31, 2026: • • • • • Size of total portfolio: $2,721,537,480 Earned interest yield: 4.197% Weighted average days to maturity: 749 days Fiscal year-to-date net...
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This document is a Citywide Write-Off Report for the fiscal year 2025-26, specifically for the third quarter. It details various accounts with outstanding balances due to closed accounts, primarily related to SJCE electric generation charges. The report lists multiple customers, their account balances, invoice types, dates, and reasons for write-off, which is primarily categorized as 'Out of Statute' following initial collection attempts by PG&E staff. The total write-off amount is $880,829.08, covering 41 invoices and parties.
Key points
Document is a Citywide Write-Off Report for FY 2025-26 Third Quarter.
Details accounts with outstanding balances due to closed accounts.
Primarily related to SJCE electric generation charges.
Total write-off amount is $880,829.08.
Covers 41 invoices and parties.
Reasons for write-off include 'Out of Statute' after initial collection attempts by PG&E staff.
Limitations
The document contains placeholders for customer names (e.g., xxxxxx0895) which are not filled in.
Some invoice numbers and specific dates are missing or incomplete.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 8,102 chars
Attachment C CITYWIDE WRITE-OFF REPORT - FY 2025-26 THIRD QUARTER Amount Reversal owed Invoice Type Date (Write-Off Amount) Name Invoice Number SJCE Customer - xxxxxx0895 Account balance due to closed account SJCE electric generation charges 8/24/2020 SJCE Customer - xxxxxx9062 Account balance due to closed account SJCE electric generation charges SJCE Customer - xxxxxx3391 Account balance due to closed account SJCE Customer - xxxxxx5106 PSFSS Committee: 6/18/2026 Item: (c)1 Fund Reason for Write-Off 5,040.06 501 Out of Statute Intial Collection attempts by PG&E staff 11/16/2021 5,143.16 501 Out of Statute Intial Collection attempts by PG&E staff SJCE electric generation charges 12/1/2020 5,152.34 501 Out of Statute Intial Collection attempts by PG&E staff Account balance due to closed account SJCE electric generation charges 3/23/2021 5,250.20 501 Out of Statute Intial Collection attempts by PG&E staff SJCE Customer - xxxxxx0346 Account balance due to closed account SJCE electric generation charges 9/13/2021 5,271.72 501 Out of Statute Intial Collection attempts by PG&E staff SJCE Customer - xxxxxx4475 Account balance due to closed account SJCE electric generation charges...