Yucaipa treasurer reports portfolio compliance; Measure S revenue trending above conservative estimates

City finance staff delivered the monthly treasurer's report for the period ending Dec. 31, 2025, confirming that all investment transactions complied with the city's investment policy and that the city has liquidity to meet expenditures for at least the next six months. The report explained pooled balances, LAIF and Wells Fargo holdings, and noted a December increase of about $10 million tied to property-tax timing; staff said excess cash is routinely moved into short-term investments rather than held in non-interest-bearing checking.

On Measure S, staff and the Measure S oversight committee reported positive early results. City staff characterized earlier projections as conservative and said receipts appear to be higher than those initial conservative estimates; the council was told a tighter midyear projection would be presented at the Feb. 23 meeting and that Measure S funds are being discussed as part of public-safety resource planning.

Council members asked staff to follow up with HDL (tax analysts) for fuel-sales and other receipts data if council wants a more detailed analysis of whether new fuel or car-wash uses increase net sales-tax revenue versus shifting existing spending.

Next steps: staff will present a midyear budget update (including a Measure S projection) at the Feb. 23 meeting and will provide additional revenue-detail analysis if requested.