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Investment Advisory Staff Reports 11/01/17MINUTES INVESTMENT ADVISORY (IAC) COMMITTEE INVESTMENT OVERSIGHT (IOC) COMMITTEE Wednesday, August 2, 2017, 3:00 p.m, - Finance Conference Room P U A ty'fol'ta i 5.T's I Rr Ap,y,d J 017 Exp g ty rr ri m M li qi $1,71248 tt Jp o p rm tt. 6.Up p x y j g p i R i e fi .E n F a & B R J 2 17 a ir For - T x r s & c Drr s J 2017 ports f f rn 'rnm 8. City Update 9. Next meeting date 207,3:00 m i h Fc Cf Rm. 10. Public Comment - N 11. urmet-Th tg w u 3:35 p.m Rb Fly Chr Ivtt Aisry Ctt Richr Rhm,CityTu Im vigh Cmmitt Distribution: Mayor and City Council Finance Director, IOC Investment Advisory Committee City Manager, IOC City Treasurer, IOC 2 Investment/Revenue Officer City Clerk RATE SUMMARY October 2016 to September 2017 %1% Jun-1 %1 15% ul-17 %1%1 5%1 1 ug-1 1%1 1 1.1 Sp-1%1 % 2.20% 2.00% 1.80% 1.60% 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 �3 month -+-6 month _...2 year -rlr-3 year '""*'"'5 year ....._.LAIF Investment Portfolio Update As of 10-17-17 LAIF $ 14,700,000 11.8% Money Market Mutual Fund - Treasury Sweep 2,156,900 1.8% Commercial Paper 0% Medium Term Note 1 year 5,996,363 4.7% 2 year 10,001,092 8.0% 3 year 10,000,000 8.0% 4 year 2,000,000 1.6% 27,997,455 22.3% Federal Agency 1 year 10,000,000 8.0% 2 year 1,000,000 0.8% 3 year 25,000,000 20.0% 4 year 36,991,190 29.6% 5 year 7,000,000 5.6% Total 79,991,190 64.1% Total $ 124,845,545 100.0% ��§��§�� c--o---------�---��N a: .2 � :. .. .. tttt 'l5 'ii 'ii'& ,,u iiii Ilate:Nove1Il.her14,2017 AGENDA ITEM ReviewedNerified By: norable Mayor and City Manager mbers of the City Council Finance Director kOtto To Be Presented By: Manager X Cons Calendar City Mgr Rpts hard A. Rohm - - Council Reports Legal Affairs Treasurer - - Boards/Cmtes Public Hrgs ,__ - · am M. Kolbow Admin Reports Plan/Environ TO: Ho Me THRU: Ric City FROM: Ric City Finance Director It, SUBJECT 12. SUMMARY 13. RECOMMENilEilACTION 14. FISCALIMPACT Is. STRATEGIC PLAN GOAL(S) 16. GENERAL PLAN IMPLEMENTATION NIA 17. IlISCUSSION and BACKGROUNil 53600 ET Sq.P th In c,thr thly invtm p ar submitted o the ty Coun thin 45 da g quart ITEM ()Printed on Recycled Paper 11/14/17 Y OF CHANGE IN TREAURER CAH ANDINVESTMENTS Treasurer's Operating Cash & Iavestments'U $164,795,540 31,603599 (66,286, 30 017 $130.112,284 (I) Includes operating cash and investments (valued at cost). Does not include deposits with administrators, imprest cash, fiscal agent cash and investments, and deferred compensation. For the month of July 2017 s 2 ,72 60 $1 ,4 ,3 9 ,997 , 0 7 ,1,352 2 A ,579,74 ,,55 ,$364,456 B B annual pe w .ul $3,05,00 s tax v $6 ,1 6 rty ax v u y ts w ,tur al ity b .I.F 3 $332 0 199 00,000 di bur n x g as ec uri th @ 6/30/207 MontJ,/y Activity: R h ITEM ()Printed on Recycled Paper 11/14/17 In in tax In was al. h Fal H Lan Bank (1%.y).Th ty' LI gus 3 w $$00 disets xg p th r Sp 2 bur ee h ts 50 Larg disursts u p tal 253 S ank bt rvi an S ty 1 B p wal p an ty 3 3 .an 3 0 in I p w al . LIF b 300 ur x ts an h in l NVESME ADVI Y OMMITTEE (IAC) Th IA g 0 hi q art y mmitt e g ul ruary 1 js. ATTACHMENTS tt hm -In tm p rt ul 7 tta hm B -In p rt gu 0 Atta hm -In p rt Sp ITEM ()Printed on Recycled Paper 11/14/17 Attachment A Investment Report for July 2017 MONTHLY SUMMARY COMPLIANCE CERTIFICATE July Note: All concentration restrictions were obtained from Sections 53601 and 53635 of the Government Code or the City's Investment Policy as of June 13, 2017, whichever was the more stringent. 1. U.S. Agencies X ---- 2. Money Market Mutual Funds = X 3. LAIF X 4. Commercial Paper wd rtfl u C sn $,5, B?X ---- 5. Medium-Term Notes (A Ttal un (b )um-rm $ (B)To l p u f Cty n $90,5 Is (A)less than (B)?Y X N _ 6. Excluded Investment Vehicles (A)Are any curie x he ta f In n P y urrn y d 'p Yes _ X -��- 7. Investment Management Agreements (A)Does the City ha any tm ag dr gr Y s__ No_x_ o ki um r 8 -- --- (C) 8. Maturity Limits (A) (B) ---- (C) s X No _ ()D Ci %rtfl im wi ti tw 1 da 19 y s X No _ (E) e y uri ti p wi mturits b 19 14 y Yes X No _ (F) Dos th City curr l 3 l uri im th mats btw 1461 y 1 9. Issuer Limits s m ll y 194 i th tw ---- NIA X uri C i y my fun wi ts gm $mi n? es o__N/A'--=X------ By: 'ff'fL; i., ri.. Cha"' By: R,t)sa � l M Klbw F it DTE b 16,2017 �w o=> o..J r:a � w a: ::, <( ..J Q. <( > c ..J w > w � a: z 0 Ii: ii: � w Q w �w :c 1-, u< a: c ::, a. a: w � 0 a: r:a l,( � r:a - - �<( - en (.) 0 CD ..- ..-- C\I 00 �� .... ,.... �� ll'),.... al ID ..J ..J J: J: u.. u.. �8f58�5?0 "":"':I';� I'; al� .,- .,- .,- T- .,- ._. .,- f58�88f;l� "':"':I';�� IX!� ..- ............. �..-._. <(<(<(<(<<< ::z::z::e�� zzzzzzz u.. u.. u.. u.. u.. u.. u.. ID ID Cll (.) (.) (.) u.. u.. u.. LL U.. LL ��§§ .,...; � ��t\i 8f5f58>? C')ll') ,.... ..... � .,...;,....: ,....:.,...;c\j co ll') co d ........ ,- , • I ,- 0 '? C') .... co 11 .s .s o o t: t: 0 0 a. a. '<!" C') CXl w C') CD I'- C') o en ii: N. CD CD a. ; er; 0 en N � {fl � CXl CD C') C') I'- CD a: en CD < � er; a. en 0 N � w .J m � � < .J z .J < c f/J c 0 :,g :.e 0 D 0 .J UJ CXl T"" w LO LO ·- ;;::: I- CXl q ..... c:i (..) en co 0 (/J a. c ..... w w '# '# C'O ,- � c CXl Lri 0 LO ... N a: - CXl q t- :l!' UJ c:i ..... w c ::::, UJ G) "":) < E :c ..... (..) (/J cc � ::::, a. c z c :, 0 0 i= 0 u.: a. -2 ii: <( o 0. _j Ill Q) w � 0 in w � Ill 0 .l!! I'- ... {g T"' z 0 w en � :::E :, w .g T"' � \'II ;::: > Ill j !;' ., CIO CIO "! (0 w ..- (') CX) (0 0 C') (0 ic 0 ri a. O> O> Lt) O> (1) (1) � ..- � CD CX) "! (0 ..- C') � <O a: <O < g ri a. O> Lt) O> (1) (1) ..- ..- � � w ..I ID � s :5 ..I z z < en 0 ..J en ..J < c 0 0 '#. :,e D 0 ..I CIO ..- w - LO Lt) +:i > en CIO C? CJ ..J d ca < en � c ...... ::e ::e � 0 0 ca 'I"'" a: CIO ..... ... 0 Lt) LO N a: c CIO C? ... � ::c d ....., t: e ::::, GJ -:, 3r: E - ....., (/) en UJ � j:: c: ii: ::::) z � c :E :::, 0 0 I= o u.: a. :/. ii: < 0 5} r/1 _j w � 0 CJ'J � r/1 U) 0 ! i !z "C w U) Ill :I :::, :::, w 0 0 ..I ·c: ·c: � Ill Ill > > r/1 ! .r . 2 � 0 Cl. i -� ii ii� ID C J;j II !! 0 c c c ........ II Q o� C>, ;: ,... - ... :I O -, N ..... .e .e E E 2 2 Ill ID a: a: 00 ; ; a: a: ss 0 0 77 )( )( ID CU 'ti 'ti .5 .5 �� ::, ::, Ill Ill II II I!! I!! I- 1- .... II II �: '? '? ...... 0 · - 0 � 0 D.. .., 5i I'm ET .., 0 tn N Cl) "' > T c C') -� Cl) - en :::s c..., ca .. 0 � 0 >- .., ·- 0 \ ,... co N en ...... N� in O 0, � .. 0 N en �§ ,... § 0� c: e t ·- Cl) -::i O iii l= i oo D. � n, - .L: m o 0 I- 0 ·- 0 t: 0 0. N ,.. � II .Q 0 t 0 0. .... 0 ..... >, :i= .... ::::, 1o E 0 - � co � Q) C) e! Q) � I -0 Q) - .c: C) "ci> � ?ft ?ft ?ft ?ft ?ft ?ft LO s::t ,...... CO C\l O ct) C\l ct) 0 ,...... 0 � 0 � :::, - "CJ c Cl) a, "' .c: E ,.. o in�: a, � c: > ,- ·a, c C") < - >, a, - >, O> :s .:t:: c � 5 f! "&i 0 � i !§ § § § § § § § § § tit I . i :Ii g § g § g § g § g ll. ,§ :Ii � '8 i i 0 i � i � 0 0 I;. t; tit tit £t ;. ··---�-· City of Orange Reconciliation of Total Cash and Investments to General Ledger As of July 31, 2017 274,118 142,952,281 (153.465) 143]72;93� Treasurer's Investments Cash in transit Treasurer's Operating Cash and Investments Checking, Payroll, PMA & Sweep - Wells Fargo Cash Deposits with Administrators State Compensation Insurance Fund Flexible Benefits Plan - Tri-Ad Imprest Cash Fiscal Agent Cash and Investments 58,174 29,692 143, 160,800 11,970 5,946,650 Total Cash & Investments 149,119,420 Total Cash and Investments per General Ledger 1 Plus Outstanding Checks 148,569,810 549,610 Total Cash & Investments 149,119,420 1 Includes adjuatmant for month-end timing dlfferancn. GLCHh 1 Attachm•nl V City of Orange Fiscal Agent Investments As of July 31, 2017 Fiscal Agent Cash and Investments & & & Ascal.1 Maller (2) Carrying Value 8,8 1,,4 ,8, 4,14 1,,3 43 ,46,65 Market or Contract Value ,869 ,,4 ,9,9 49,4 1,,8 43 ,946,6 Attachment B Investment Report for August 2017 Note: All concentration restrictions were obtained from Sections 5360 I and 53635 of the Government Code or the City's Investment Policy as of June 13, 2017, whichever was the more stringent. $79,990,982. (75% $101,195,158. $2,738,746. ($15 20% X ((LAIF $24,200,000. l (35% prt )men=$47,224,407. I (?Y X o _ 4.mme Ppe ((b mmr y y=� )am ld (20% prtl s=$26,985,375. s (A ls an (B)Y X ---- 5 dm-erm otes (A)am (i d i -rm y= $27,997,149. (C d (20% p o b al y m n p r = $32,399,485. (A) an (B X ---- 6. Ex ldd sm V h ces (A Ar y i x f In P rr y c ud d in he 'i? Yes _ No_--=-=X,..___ 7.esm nt M g me gm ts (A D an g r gmn? s __ No__x_ (, skip mb 8 to 8. Maturity Limits (B) d 109 Yes_x_No _ (E) D C %p p w t w 96 14 Yes_X_o _ (F D C ts i p with maturities between 1461 days and 1825 days? Y X o _ 9. Issuer Limits D M Mark Mal F lg q g S d Eg mmi u h Inv Co an A 9 4 e N __ NI A-----'X'-"--_ i n arr g g hr arg g g Yes _ No __ NIA X ii) H h i g th S C mm t fi c mg ark al as g x $mi Yes N __ NIA_=X�- Prepared By: c. �c:e \'>. '• ) . \ (2 >: /fj? _/\e'iV\../ J �iphi;J Chan Investment/Revenue Officer Audited By: R�;Guzman Accountant g Iti Da Pri n R D,Sta T ffi,US Tus US.B. Certified By: Richard A. Rohm City Treasurer Verified By: William M. Kolbow Finance Director DA TED: October 16, 2017 �w 0 :l 0 ..I m� w �3 0.. < > c ..I w > w � a: z 0 Ii: ii: 0 Ill w c w Ill c( w ::c� �c :l 0.. a: w � 0 a: m .... � � m - - § co L!l ... t\l L!l ... .,..; �N ID ID ID ...J ...J ...J J: J: J: u.. u.. u.. - - 55 8 55 8 1:5 55 "':"':"":Lt! "": Lt! ................ ..- ...... .- �� ,.... T"'" T"'" T"'" T"'" T"'" �� zzzzzz u.. u.. u.. u.. u.. u.. O L!l i t\l t\l «:! «:! • ID ID ID fr fr fr u.. u.. u.. >? 55 55 8 >? Mu,,....._ cS r=-r-=�r=N Q .... w > z 0 � ii: 0 ffi Q � en 0 a.. w c - en w � J: 0 a: ::) e, E :, 0 � t (/) 8 ci 8 g ,.._ ci ;;; 8 § s ,.._ 0 u.: <( ...J w !;;; (/) (/) Q i Cl) ,.._ � <ii 0 "C w � (/) � :Ii :, w 0 � ·c 'C a, Ill l'il > > UI N l l ,,, c 0 .:. (.) m ,,, ..... Co �; .... :, c 0, Cl) ::, E < 1n � c - a: ct ii. w .... Ill � � 9 w s:: z 0 � ii: 0 rn w c en ..J ..J < (J - � < � a: Q ::c I- i -;/!. ,... in CX) ci 8 § 8 ,.._ oi ,... � 8 § g ,.._ oi ,... � u.: < _j w � I rn c * ,.._ ffi ,... "O 0 1/J rn s 2 ::i ::i w .g 0 a1 � 'C Ill ell > > en l l I CII "D .5 . 2 0 :e 0 Q. GI a, GI DI en en I!! I!! I!! II � II � c( � 1ii 1ii 1ii :::, :::, :::, en DI en ci ci ci I I I �� :::, :::, :::, Ill Ill Ill Ill Ill Ill GI II CD �� .c .c 'E c ... 0 0 ( E E .... C'J CD ,- ,I. ,I. ,I. (') (') C'II C! "": C'! .......... ,I. ,I. ,I. ... a, CIC) � C'? � ........... i :s � ij s :: c Ill c :::, Ill I§ 0 Ill .s. oc ..st! 'Iii> 5, � �� .... s .e E E :::, :::, ; i, a: a: 00 SS Ill Ill a: a: �� 'i 'i ,c ,c GI CD 'ti 'ti .5 .5 �� :::, :::, III rn Ill Ill ! ! I- 1- .... Ill Ill :. :. '? '? ,... ,... 0 · - 0 t: 0 a. � ,..... s c Cl) 0 EN U) 9' Cl) ,... > CW) c U) - Cl) :::, a, en c :::, m <C � 0 0 >,. � ·- 0 II .Q 0 'E 0 a. .... 0 ..... ---e, ------ I .... Iii- - :I: §_ "'j ... ! � i i cl i:{ ! -N § ! § ! ! § ! § � § fil 0 § a � §_ i � i i I;; .,. i City of Orange Checking, Payroll, PMA & Sweep - Wells Fargo Treasurer's Investments Cash in transit State Compensation Insurance Fund Flexible Benefits Plan - Tri-Ad Lg 1 Plu Outig ck Tl 1 Includes adjustment for month-end timing differences. 168,191 134,926,877 108,604 135,203,672 71,586 37,333 135,312,591 12,070 11,131,503 146,456,164 145,349,506 1,106,658 146,456, 164 GLCHh2 Atl•chm•ntV City of Orange Fiscal Agent Investments As of August 31, 2017 Fiscal Agent Cash and Investments & & & Flscal.2 Maotor (2) Carrying Value Market or Contract Value 4 ,4,4 , 326 ,, Attachment C Investment Report for September 2017 Note: All concentration restrictions were obtained from Sections 5360 I and 53635 of the Government Code or the City's Investment Policy as of JW1e 13, 2017, whichever was the more stringent. time X ---- (A) 3. LAIF (A) (35% (A) than X (A) rc pp e ty� ((0%rtf en $26,366 A an Y ---- (A) ta un in mum-rm e th ty 99455 ((20%p tmn im p $3.399,85. (A) an (B Y X ---- 6 Excldd vtmt Vhil ()Ar se x Intm Pcy urr tly e d in ' Yes, _ N X Iv agt gm (A)D ha an tm an g r r r gr m ts? __ X kip t umr 8) (E) 8. Maturity Limits X (B) X ---- X ---- (D) ts port ectis tim urc be 71 109 Yes X No _ (E) D ity po tim th aturit 1096 1460 y Yes X No _ (F) D ty y %f ts prtf ti ur ti tw 1461 18 ? X 9. Issuer Limits D Mutual y 1940 NIA_X�- f NIA X in _�X=--- �.!. cf.J..i�a""h- jj;s� o� iro TE br 16,201 �w 0::, Oct! m> w a: ::, <( ..I a.< > 8888 §§§§ §§§§ r;;,..:,..:� .,.. N c ..I w :,:: z 0 j:::: a. ic 0 Ul w 0 w Ul <w �� a: c ::, a. a: w � 0 a: m ........ ........ ........ �c( - en 00 § cc Ill ... C\I Ill ... �......: N !.? 8 l:G c$ LO . �,...: N ID ID ID ...J ...J ...J ::c ::c ::c u. u.. u, �� ........................ �� ,.. ....... ,_,-.,.. ... <<<<<< ��:::!::::!::::E:::E zzzzzz u. u. u. u. u, u, ID ID a) o o 0 u. u. LL. LL. u. LL. ��§ ,...:....:,...:....:c;v Ill ltl co ci ! cri ::::i ! - ...... o= .2 � .2 �� 0 0 ll. ll. co -1 w C\I c g ii: a. � ..... 10 � co C\I IC g c ... a. � ... 10 � w ..J ID :s � ..J z c u en e 0 c � ..J ·- w J!? ll) .... s: ll) CJ ...... co c,s ,... en c:i en o 0 CN a. c,s ,_ � w "#. ... Cl) -e Q Ill .... .c IC - ll) .... E co rn c:i cs w (1) c. � E� .... :::c en (.) � a: :::, c: a. z c 0 5 i::: a. � ii: u U) t w c := Cl) ! @I 0 w ,-.: 0 (J � § ii: a. m 8 r-.. O> i t � 8 ,-.: § a: � ,c a. m � r-.. i t w .J m .:5 � � .J ,c en (J .J u, .J c <C 0 0 0 -ae. '#- .J ll) ·- LIJ - l8 § ... s;:: en CJ ...... .J 0 0 ca ,.... <C u, 0 ;: CN ca ... w <C ::.!? ::.!? � a .... ..8 cc ll) a ll) § te a: c (0 l: 0 ci cs t- G> a. ;: E JJ - ... UJ u, � w i= c jj: - ::, s � c I= ::!: 15 a. j u.: ii: --= (J f c( U) w ..J c en w � UI c Q) UI !z � Q) iii w "C ::E UI UI w � :, s s «I «I > > UI � l g .2 � 0 a. """ +' - co GI CII .s c :ff� > GI c .Q - E &s c a. e GI O r.n - 0 5 u, a, )C CII 'D .5 .2 0 'i: 0 Q. 'if!. 'if!. 'if!. 0 (II Cl) II?�� - - - - -- "Cl "Cl GI GI .!::! .!::! 1� c c c c ftl ftl 00 c c -- .. 0 i� GI > °' t:: �� .... aa E E i ! a: a: 00 GI GI 1ii ,; a: a: !I ti .g .g .5 .5 �� :, :, "' "' Ill Ill I!! I!! I- 1- .... Ill Ill �� " " ........ -- -- "Cl 11 :; !! :, c c c c Ill Ill - - 0 O C c - I .. 0 .! � e > s .... a. .... r7J � t en N CIO U) ........ ,.... ..!!! ..-... 0 (f) � .... 0 O U) c: M.Q ,.... = -U,.'.:? c: e; ·- Q) -::::, Qiij �i 08 a. i - .c: ca o 0 t- \ 0 � O G) D. """ "5 - � "C C O a, a, N .c E o ti, -=> (")G)a.. g> ·a, .5 .a c( a, E > en a, � c - ... ca CL ::I a- G) ti o en == - 0 � 0 II .Q 0 t: 0 a. .... 0 - -? ::::, ci1 E 0 ..... e n, Q) >, Q) Cl � � n, I "C (I) .E Cl "ai 3: .. ,,� i 1� § § § § § § § § § ... ':! § g g g g g § g g g 3 - .§ • cl 2- !8 al i � i s 0 a � 0 � ,.. !; ... ... ... ... ... l ••••••••• �"'"""'" <"•<,K,www•••• -' City of Orange Reconciliation of Total Cash and Investments to General Ledger As of September 30, 2017 Treasurer's Operating Cash and Investments Checking, Payroll, PMA & Sweep - Wells Fargo Treasurer's Investments Cash in transit Cash Deposits with Administrators State Compensation Insurance Fund Flexible Benefits Plan - Tri-Ad Imprest Cash Fiscal Agent Cash and Investments Total Cash & Investments Total Cash and Investments per General Ledger 1 Plus Outstanding Checks Total Cash & Investments 1 Includes adjustment for month-end timing differences. 311,638 130,371,829 (571,183) 130, 112,284 72,524 39 974 130,224,782 12,070 8,427,600 138,664,452 136,918,718 1,745,734 138,664,452 GLClthJ Attachment V City of Orange Fiscal Agent Investments As of September 30,2017 Flscal Agent Cash and Investments & F11ca13 Master (2) Carrying Value 42 ,44,8 ,40 Market or Contract Value ,2 9 4, ,458 Food ard Drugs • Building and Construction l,l 2nd Quarler 2016 II 2nd Quarter 2017 County and Stale Pools Restaurants and Hotels REVENUE COMPARISON One Quarter-Fiscal Year To Dale 2016-17 2017-18 Point-of-Sale $9,109,787 $9,337,729 County Pool 2,108,280 1,135,773 State Pool 3,422 (4,819) Gross Receipts Sll,221,488 510,468,684 Less Triple Flip* $0 so "Reimbuned from county compensation fimd Business and Industry Published by Hdl Companies In Fall 2017 H d:t� www.hdlcompanles.com I 888.861.0220 c O,... r II N I E s Fuel and S81Vlce Stations Pl City of Orange Sales Tax Update Autos General and Consumer Transportation Goods so Third Q11arler Reaipt1 far Stamd Q11art,r Sales (April - ]11nt 2017) R A Mterial C Ty Las Tru Fountio Bu Toyta c f O Hm Dpo Vil�e usees Ki f Og lal Mz f Og W Tor 25 PRODUCERS !·. t: ),. = r 1¥..,_ 0. . $400,000 SALES TAX BY MAJOR BUSINESS GROUP $800,000 $2,000,000 $2,400,000 $1,200,000 $1,600,000 Q2 2011 City of Orange Sales Tax Updiuc $2,000 ...• --, Busllnd. 14% California - Q2 Q2 Fuel 11% County CZ Q2 14 Orange $0 $8,0DO '!!':: S. \LES PER CAPlTA REVENUE BY BL·s1:\Fss GRon• 'In thousands of dollats Q2'1r Change Change Change 194.3 Materials 641.2 -0.1% ConlractDIS -CONFIDENTIAL- -9.3% Groceiy Dealers .4%% -CONFIDENTIAL- 25%% nts 404 4%%% Service Stations 33 0.0% %6% Specialty Stores m.s 11.4% 5.%% otal All Accuts ,2.5% 33A%6A% oty & State ool AUcatlo ,-46.4%·30,3%-9.9% Gross Racalpts 10,8 -6.7% 21.5%4% 0RA�Gf: TOP 15 BUSI'.'IESS TYPES ti , r e y 's California Overall Lcal vnt'- i s a o ra A J 32%t m q 2016 r pymnt a Th rg en m nc , es pes. Aut als sra p l r p . s t A y r 2 1 Where does the Money Go? m y p Th r i L a ti to im ry fo l x nt y l -,e t , California Forecast: Sales Tax Trends and Economic Drivers COMPANIES October 2017 evenues, el e 400 e,utis a i d i a d el Com,1340 Vy V ,S 200,Diamond Ba,CA 91765 909.861.4335 www.hdlcompanies.corn Hd� COMPANIES 2017/18 2018/19 r' \ ' <, '� ' � 1 ' ' ' 1 4'1u jcts u t D cy a,-fall ct a lckne,fal 5%l th ber f rts i 2016;tart I 218 xect be ilrs ric c g fy ntrctio pec y 10%ny 2017 21 l l ctr e f ct f n t r n rtn t e n y y rt 1 218 y t f n t f 1 be ct y e r f f n rt rt n th n I e l t h t o l rt ura fr N A z i i A az R li i i E ru W il rowt qu be t 5%st 1 -e,t p rs wth li ith D n en ra f eq ch c fr i rt t a,r l tfr m hort-d ce ('l -1 ,rth kee pe s L rm s f rty rty ic ybe po iti 12 jecti va fr tewide B -B m ca ti the 's tl lzatlo iffe io N j st r 18 19 e th C forn Drt f T F An a tfo . H sts t 2 62% Fi Y 2017 18 1 96% 2018/19 (j tm ts fo 21 5/16 an pri ye rs Hd Compa www.d compani s.m 4 BEACON ECONOMICS National and Statewide October 201 7 ECONOMIC DRIVERS . . · 2017/18 2018/19 With ,u mr pl rkf E wt wt 211,, rig ki fas th ra h for.Ul c g ks up,f g wl ,wll y t as tied xpe std j wt th first sera f ye 1 y ,x f tifi th r d u d u x f 1 h t t gwt ti f wt ks u f u be yet t pe l ra r f f f t d x a f f o aga fi f faci ff il p th i y ca re c ,ta rd eed B u ti ly I pa st.wth e ec be cr .T f 1 7,e t a ty u ts rm 1 9%fi f 016 Th s a ra i o r 7 %l f 1 s g e wt I a y -f i i Be on E mi www.Bea onE o .com Hd� COMPANIES ,+ +'\ BEACON ECONOMICS SOUTHERN CALIFORNIA OFFICE s c y/ig gg e v ed fu mj ii. ut i ctg x ue pct l'q n w Eocs L bo n k y rf "Good information leads to good decisions:'