STAFF REPORT
Meeting Date: April 21, 2026
To:
From:
Subject:
Honorable Mayor & City Council
Howard S. Fisher, City Treasurer
Treasurer’s Report for the Quarter Ended March 31, 2026 Attachments: 1. Fund Summary Schedule
INTRODUCTION
This City Treasurer’s Report for the quarter ended March 31, 2026, includes a summary of investment balances and a listing of the portfolio value by each City fund.
The following is a summary of the activity of the City’s portfolio for the fiscal year’s third quarter:
*Negative amounts presented above in Net Investment Activity generally indicate sales of securities in the portfolio and transfers out of the investment account.
1The ending portfolio balance is presented at cost basis for four current quarters.
BNY Mellon / Wells
Fargo Bank
CalTrust / Local
Agency Investment
Fund
U.S. Bank
(Bond Reserves)
Schwab
(Section 115 Trust)
Beginning 12/31/2025 @ Cost 646,623,354 181,227,514 - 130,717,681 958,568,549 Net Investment Activity * 58,256,009 6,000,000 - 2,507,336 66,763,346 Plan Expenses & Payments to Retirees - - - (920,905) (920,905) Income 8,246,248 1,408,669 - 2,927,201 12,582,118
Ending 03/31/2026 @ Cost 713,125,611 188,636,183 - 135,231,313 1,036,993,108 Net Investment Activity * (9,233,897) 40,000,000 - 2,724,769 33,490,873 Plan Expenses & Payments to Retirees - - - (1,421,603) (1,421,603) Income 6,281,756 1,586,151 - 2,760,978 10,628,885
Ending 12/31/25 @ Cost 646,623,354 181,227,514 - 130,717,681 958,568,549 Net Investment Activity * 6,935,463 (50,000,000) - 2,500,000 (40,564,537) Plan Expenses & Payments to Retirees - - - (1,124,641) (1,124,641) Income 7,894,680 2,015,207 - 1,260,815 11,170,702
Ending 09/30/25 @ Cost 649,575,494 139,641,363 - 126,653,536 915,870,394 Net Investment Activity * (12,456,888) 35,000,000 (8) 2,641,447 25,184,551 Plan Expenses & Payments to Retirees - - - (8,327,738) (8,327,738) Income 6,884,417 1,900,804 - 1,312,151 10,097,373
Ending 06/30/25 @ Cost 634,745,352 187,626,157 - 124,017,362 946,388,870 Total Portfolio
General Portfolio Restricted Portfolio
Q4 FY24/25
Period Covered
Q1 FY25/26
Q2 FY25/26
Q3 FY25/26
1 1
1 1
1
In addition to the investment portfolio, the City had $36,420,564 of operating cash on hand as of March 31, 2026, bringing the total cash and investments to $1,073,413,672 by the end of the fiscal year’s second quarter.
DISCUSSION
The City’s total investment portfolio of $1,037.0 million at March 31, 2026 included $901.8 million in general portfolio investments and $135.2 million in restricted investments and is in compliance with the City's Investment Policy and Section 115 Trust Investment Guidelines.
Adequate liquidity exists within the portfolio to meet all known short-term City requirements through at least September 30, 2026, and we believe the City will have adequate liquidity to meet all requirements for the foreseeable future based upon existing maturity schedules and the current investment policy.*
*As part of required reporting of the City’s unfunded pension and other post-employment benefits (OPEB) liabilities, PERS provides an annual report for the City’s pension liability and the City contracts with an actuarial services firm for the required biennial reports for assessing the OPEB liability.
FISCAL IMPACT
None.
RECOMMENDATION
This report is for information only.
Howard S. Fisher,
City Treasurer
Approved By
Attachment 1
FUND SUMMARY (continued)
Book Value General Portfolio Bank of New York $ 713,125,611 Fund Type Title Balance Book Value Cal Trust 116,453,350 Internal Service Funds '600 Infrastructure Fund $ 67,032,268 Book Value Wells Fargo - Stagecoach Sweep - '405 Capital Assets Fund $ 72,523,379 Book Value State Controllers Local Agency Investment Fund (LAIF) 72,182,833 '400 Equipment Replacement Fund $ 20,065,029 City Treasurer's Portfolio 901,761,794 '410 Information Technology Fund $ 30,659,052 Book Value of Bond Proceeds Held in Trust at US Bank - '420 Cable Television Fund $ - Book Value of Section 115 Assets Held in Trust at Schwab 37,735,276 '430 Reprographics/Graphics Fund $ - TOTAL PORTFOLIO $ 939,497,071 '440 Employee Benefits Fund $ - FUND SUMMARY '441 Compensated Absences Liability Fund $ 16,625,134 Fund Type Title Balance '450 Liability Claims Fund $ 3,730,326 General Fund '001 General Fund $ 300,806,331 '460 Workers' Compensation Fund $ 32,946,089 Special Funds '004 Community Development Technology Fund $ 5,230,143 '470 Unemployment Insurance Fund $ 411,373 060 Employees' Deductions Fund $ - '480 Policy, Administration, Legal $ 35,690,389 068 GASB 68 & 75 GVT Pension OPEB $ - '490 Vehicle Fund $ 43,880,651 097 GLDAG $ - '560 Debt Service Fund $ 3,905,118
'100 Community Development Block Grant $ - Permanent Funds '610 Burton Green Scholarship Fund $ 67,458 '120 State Gas Tax Fund $ 4,290,040 '660 Buck Endowment Trust Fund $ 251,181 '121 RMRA (SB1) Fund $ 2,645,935 Enterprise Funds '800 Water Enterprise Fund $ 64,689,538 '130 In-Lieu Parking Fund $ 16,177,867 '801 Water Capital Facilities Fund $ 8,585,617 '140 General Plan Fund $ 1,800,640 '802 Water Supply Capital Facilities Fund $ 5,412,758 '160 Parks & Recreation Facilities Fund $ 26,025,382 '810 Parking Enterprise Fund $ 66,339,082 170 Inmate Welfare $ - '830 Solid Waste Enterprise Fund $ 9,947,361 '180 Fine Art Fund $ 2,276,862 '840 Wastewater Enterprise Fund $ 69,253,290 '190 Police Dept Grant Fund $ 800,000 '841 Wastewater Capacity Fee Fund $ 724,149 '191 Police Dept Grant Fund $ (67,005) '850 Stormwater Enterprise Fund $ 6,690,101 '199 Organized Retail Theft Prvnt $ (726,648) '851 Stormwater - Meas W - Reg Prg $ (100,038) '210 Affordable Housing Fund $ 1,123,250 '852 Stormwater - CA DWR - Prop 1 $ (699,927) '240 Air Quality Improvement Fund $ 319,042 Total All Funds $ 939,497,071 '260 CBSC SB 1473 $ 64,534
'270 California State Senate Bill 1186 $ 43,297 $ 97,496,037 '280 Measure W - Safe Clean Water $ 98,105
'300 Transportation Grants Fund $ 4,271,256
'310 Prop C Fund $ 5,402,040 Total: $ 1,036,993,108
315 Misc Grants Fund - Non-Safety $ -
'323 Seized and Forfeited Property - Trea $ 800,000
'326 Seized and Forfeited Property - Federal $ 2,000,000 327 Seized and Forfeited Property - State $ -
'330 MTA Grant Fund $ 3,355,885
'335 MTA Violation Fund $ 924,307
'340 Measure M -LA Metro Tax $ 3,206,427
Balance Sheet Investment Balances
As of Quarter Ended March 31, 2026
OPEB Trust assets accounted for in accordance with GASB 75: