FROM: Robert Thompson, General Manager
Originator: Wally Ritchie, Director of Finance
SUBJECT:
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CONSOLIDATED FINANCIAL REPORT FOR THE THIRD QUARTER ENDED MARCH 31, 2024
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Receive and file the Orange County Sanitation District Third Quarter Financial Report for the period ended March 31, 2024.
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BACKGROUND
Included in this consolidated report are the following quarterly financial reports for the period ended March 31, 2024:
* Third Quarter Budget Review
The Budget Review Summary provides the Directors, staff, and general public with a comprehensive overview of the financial results of the Orange County Sanitation District (OC San) through the third quarter ended March 31, 2024.
* Third Quarter Treasurer's Report
This section reports on financial portfolio performance with respect to OC San's funds. A performance summary table can be found in the Additional Information section of this agenda report. The report also contains information on the U.S. and global economic outlook from OC San's investment manager, Insight Investment. Additionally, the Section 115 Trust performance report is included. The Section 115 trust is administered by Public Agency Retirement Services, managed by PFM Asset Management, and was established to prefund pension obligations.
* Third Quarter Certificates of Participation (COP) Report
The report includes a summary of each outstanding debt issuance and a comparative chart illustrating the COP rate history.
RELEVANT STANDARDS
* Quarterly financial reporting
ADDITIONAL INFORMATION
The third quarter treasurer's report contained within the Consolidated Financial Report for the third quarter ended March 31, 2024 is being submitted in accordance with OC San's investment policy that requires the report be submitted to the governing body following the end of each quarter and includes the following information:
* Performance results in comparison ...
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