To: MAYOR AND CITY COUNCIL
From: EUGENE SOLOMON, CITY TREASURER
TITLE
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RECEIVE AND FILE THE CITY TREASURER'S FOURTH QUARTER 2025-26 REPORT
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EXECUTIVE SUMMARY
The City Treasurer manages the City's cash flows while earning a competitive rate of return on investments within the constraints of the City's Investment Policy and the California Government Code. This City Treasurer's report for the fourth quarter of FY 2025-26 details the composition of the investment portfolio and investment transactions that occurred during the period from April to June 2026. Meeder Investment serves as an investment advisor to the City Treasurer. The Meeder Investment report with this package includes a comprehensive analysis of the City's investment portfolio and investment market trends.
Notable sections of this report include:
* Treasurer's Portfolio Summary
* Investment Reporting Guidelines
* Comparison of LAIF and CAMP
* Investment Report by Meeder Investment
o Portfolio Summary
o Investment Policy Compliance Report
o Investment Activity Report
o Economic and Market Update
City Treasurer's Portfolio Summary
The City's investment portfolio is in compliance with the City's Investment Policy and the California Government Code as of quarter end. The market value of the City's general investment portfolio changed to $89.30MM from $77.76MM at the end of the prior quarter. This change in the investment portfolio resulted from anticipated fluctuations in cash flow trends for both general operations and the capital improvement program's revenue and spending.
The City has sufficient liquidity to meet expenditures for the next six months. Investment portfolio liquidity comprises both the City's LGIP balances, 46.9% of the portfolio as of quarter end, and securities maturing within one year, 37.9%.
Quarter Over Quarter Comparison of Investment Portfolio Positions
Portfolio positions at the end of each quarter are listed by investment type, dollar amount (...
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