FROM: Robert Thompson, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
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MID-YEAR FINANCIAL REPORT FOR THE PERIOD ENDED DECEMBER 31, 2022
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Receive and file the Orange County Sanitation District Mid-Year Financial Report for the period ended December 31, 2022.
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BACKGROUND
Included in this report are the following mid-year financial reports for the period ended December 31, 2022:
* Mid-Year Budget Review
The Budget Review Summary provides the Directors, staff, and general public with a comprehensive overview of the mid-year financial results of the Orange County Sanitation District (OC San) for the period ended December 31, 2022.
* Mid-Year Treasurer's Report
This section reports on financial portfolio performance with respect to the OC San's funds. Both Long-Term and Liquid Operating Monies Portfolios are summarized. A performance summary table can be found on page 2 of this agenda report. The report also contains information on the U.S. and global economic outlook from OC San's investment manager, Chandler Asset Management.
* Mid-Year 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 mid-year treasurer's report contained within the Consolidated Financial Reports for the period ended December 31, 2022, is being submitted in accordance with the 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 with the ICE BAML 3-month treasury bill index for the liquid operating portfolio; and the ICE BAML Corp./Govt. 1-5 Year Bond index for the long-term portfolio as identified in the investment policy; and the ti...
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