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The Cosumnes Community Services District Board of Directors will hear on Wednesday that its investment portfolio remains strong enough to cover about six months of operating costs, according to a quarterly report.
The District Treasurer’s Quarterly Investment Report, scheduled for discussion at the Sept. 3 meeting, outlines how more than $43 million is managed by PFM Asset Management, with additional funds held in state and local investment pools, certificates of deposit, and money market accounts. Combined, the portfolio generated more than $2 million in earnings as of June 30, according to the report.
The analysis notes that 37.7 percent of the district’s funds are invested in U.S. Treasuries, with the rest spread across corporate notes, asset-backed securities, municipal obligations, and insured deposits. The largest single balance — more than $77 million — is invested in the California Cooperative Liquid Assets Securities System (CA CLASS), which yielded over $1.3 million in the most recent quarter.
The report highlights that the district’s liquid cash balance, including CA CLASS, LAIF, money market accounts, and CDs, is “sufficient to cover six months of expenditures.” Any potential shortfalls, staff said, would be addressed through cash flow management and reserve allocations.
Finance Director Nou Vang and Accounting Manager Nou Her prepared the analysis for District Treasurer and Administrator of General Services Amanda Chehrezad. The board will receive and file the report at the meeting on Wednesday.
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