Page 24 - Yucaipa Valley Water District

Director Memorandum No. 17-015 Page 2 of 28

Financial Account Information
[Detailed information can be found on pages 11 to 14 of 28]

The District currently deposits all revenue received into the Deposit Checking account. The
General Checking account is used as a sole processing account for all District checks and
electronic payroll. The Investment Checking account is used for the purchase and redemption of
US treasury notes and bills and for the transfer of LAIF funds. The US treasury notes and bills
are booked at cost.

The LAIF investment account is a pooled money account administered by the State of California.
Additional information on the LAIF account is provided below in the investment summary report.

Investment Summary
[Detailed information can be found on pages 15 to 16 of 28]

The investment summary report illustrates the District's investments in US treasury notes and bills
in addition to the investments held by the Local Agency Investment Fund or LAIF. The yields for
the treasury notes and bills are provided for each individual transaction. The historical annual
yield for funds invested with LAIF is also provided.

Separate pooled money investment reports prepared by the State of California are maintained by
the District and available for review.

Monthly Revenue Allocation
[Detailed information can be found on pages 17 to 18 of 28]

During the month of December 2016 the District’s deposit checking account received a sum total
of $3,328,953.95 in revenues from the following categories:
• A total of $1,879,589.16 was received from 15,394 customers for utility bill payments. This is
the total amount of utility bill payments received from water, sewer and recycled services.
• A total of $2,322.25 was received for construction meter deposits, customer deposits and
internet fee payments.
• A total of $291,437.65 was received from miscellaneous water related activities (other than
utility bill charges).
• A total of $163,661.74 was received from miscellaneous sewer related activities (other than
utility bill charges).
• A total of $991,943.15 was received from miscellaneous recycled related activities (other than
utility bill charges).
• The District’s general checking account (pages 11-14 of 28) received three ACH deposits for
San Bernardino Property Taxes in the amount of $1,144,414. The District has received
$1,509,766 (53%) of the allocated $2,848,545 property taxes for FY 2017.

Fiscal Year 2017 Budget Status
[Detailed information can be found on pages 19 to 28 of 28]

The revenue and expense budget status for the 2017 Fiscal Year is provided for your review.

Yucaipa Valley Water District - January 17, 2017 - Page 22 of 68