Purchase Market Totals
Investment Summary: $ % Price (G/L) Per Trustee % Yield LAIF Accounts 165,000,000$ 64.78% 165,000,000$ 165,000,000$ 4.27% Securities:
U. S. T-Notes & Bills 56,000,000 21.98% 55,442,422 56,311,300 Agencies 21,233,000 8.34% 20,868,925 21,205,159
Certificates of Deposits 490,000 0.19% 488,285 489,892 Commerical Paper 4,000,000 1.57% 3,884,742 3,948,211
Corporate Notes 8,000,000 3.14% 7,794,460 7,917,360
Subtotal Securities 89,723,000 35.22% 88,478,834 89,871,922 4.18% Subtotal LAIF Accounts & Securities 254,723,000$ 100.00% 253,478,834 254,871,922 4.22% Accrued Interest 2,560,491
Total Market Value 257,432,413
Total Bond Account Balances 7,507,076 7,507,076
Total Investments 260,985,910$ 264,939,489$
This investment report is in compliance with the following:
(1) All securities have a maturity of 5 years or less.
(2) Total Agency investments do not exceed 75% of the portfolio. (3) Total Investments for each Agency Issuer do not exceed 20% of the portfolio. (4) No agency transactions were locked in during June 2025 for settlement in July 2025.
Greg Ramirez, City Manager / Treasurer Date Mark Uribe / Director of Finance Date City of Camarillo
Investment Report
Security Maturities / Totals at Par
June 30, 2025
Compliance Report and Attestations
At Par
of Camarillo, we attest that sufficient investment liquidity and anticipated revenue are available to meet the next six (6) months' estimated expenditures.
All City investments are shown above and conform to the City Investment Policy. All investment transactions during this period are included in this report. As Treasurer and Director of Finance of the City
ATTESTATIONS
Investment Policy Check List
1 year or less
74.77%
+1-2 years
7.95% - $20.25m
+2-3 years
7.46% - $19.00m
+3-4 years
8.64% - $22.00m
+4-5 years
1.18% - $3.00m
Other
25.23%
INVESTMENT MATURITY SCHEDULE
Investments have a maturity of five years or less
$190,478,000
$64,245,000
Notes & Bills
21.98% - $56,000,000
LAIF - 64.78%
$165,000,000
Fed. Home Loan Bank
3.14% - $8.00m
Fed. Home Loan MC
0.79% - $2.00m
Fed. Farm Credit
4.41% - $11.23m
Corporate Note
3.14% - $8.00m
Commercial Paper
1.57% - $4.00m
Certificate of Deposit
0.19% - $490k
Investment by Type
07 / 21 / 2025
07 / 17 / 2025
Market Value Per LAIF
Purchase Balance Balance
Investment Balance Price 5/31/2025 Deposits Withdrawals 6/30/2025 Month Y-T-D Yield Total LAIF 165,000,000 165,000,000 169,200,000 6,500,000 (10,700,000) 165,000,000 - 7,113,249 1,746,231 4.27% Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 5/31/2025 (Maturities) or (Decr) 6/30/2025 Month Y-T-D Yield U.S. Securities
Treasury Note 0.250% 9/30/21 5/31/25 2,000,000 (2,000,000) - - 2,500 5,000 - 0.75% Treasury Note 2.875% 9/28/23 6/15/25 1,998,760 (2,000,000) 1,240 - 28,750 57,500 - 5.21% Treasury Note 3.000% 12/21/22 7/15/25 2,000,000 1,945,547 1,996,520 - 2,420 1,998,940 - 60,000 27,680 4.13% Treasury Note 3.125% 12/21/22 8/15/25 2,000,000 1,951,172 1,994,840 - 1,760 1,996,600 - 62,500 23,481 4.11% Corporate Note - Walmart 3.900% 9/29/22 9/9/25 1,000,000 982,170 998,960 - (80) 998,880 - 39,000 12,133 4.55% Certificate of Deposit 4.300% 9/29/22 9/29/25 245,000 244,265 244,859 - 50 244,909 - 10,535 2,780 4.41% Treasury Note 4.250% 9/28/23 10/15/25 2,000,000 1,967,813 1,999,420 - 160 1,999,580 - 85,000 17,883 5.09% Corporate Note - Microsoft 3.125% 3/17/22 11/3/25 1,000,000 1,024,730 995,400 - 250 995,650 - 31,250 5,035 2.36% Commercial Paper - Toyota Motor Corp. 0.000% 3/19/25 11/17/25 2,000,000 1,942,760 1,999,937 - - 1,999,937 - - - 4.37% Home Loan Bank 4.500% 2/7/23 12/12/25 2,000,000 2,035,620 2,001,960 - (720) 2,001,240 45,000 90,000 4,750 3.83% Fed Farm Credit Bank 4.000% 2/7/23 1/13/26 1,233,000 1,239,325 1,231,545 - (666) 1,230,879 - 49,320 23,016 3.81% Commercial Paper - MUFG 0.000% 6/3/25 2/2/26 2,000,000 1,941,982 - 1,941,982 6,291 1,948,274 - - - 4.41% Fed Farm Credit Bank 4.375% 2/28/23 2/23/26 2,000,000 1,987,560 2,001,600 - 360 2,001,960 - 87,500 31,111 4.60% Home Loan Bank 0.960% 5/4/22 3/5/26 2,000,000 1,843,900 1,951,200 - 6,700 1,957,900 - 19,200 6,187 3.14% Corporate Note - Berkshire Hathaway 3.125% 3/17/22 3/15/26 1,000,000 1,018,170 989,590 - 2,580 992,170 - 15,625 9,201 2.61% Corporate Note - Proctor & Gamble 1.000% 12/21/22 4/23/26 1,000,000 898,650 972,210 - 2,300 974,510 - 10,000 1,889 4.29% Treasury Note 3.625% 9/19/24 5/15/26 2,000,000 1,997,266 1,989,720 - 2,880 1,992,600 - 72,500 9,260 3.71% Fed Farm Credit Bank 4.375% 6/29/23 6/23/26 2,000,000 1,998,760 2,005,120 - 1,560 2,006,680 43,750 87,500 1,944 4.40% Treasury Note 4.500% 11/22/23 7/15/26 2,000,000 1,990,078 2,008,040 - 2,400 2,010,440 - 90,000 41,519 4.70% Treasury Note 4.375% 9/19/24 8/15/26 2,000,000 2,027,109 2,006,180 - 2,500 2,008,680 - 43,750 32,873 3.63% Fed Farm Credit Bank 4.750% 9/28/23 9/1/26 2,000,000 1,988,240 2,018,040 - (1,620) 2,016,420 - 95,000 31,667 4.97% Certificate of Deposit 4.250% 9/30/22 9/30/26 245,000 244,020 244,983 - 1 244,983 - 10,413 2,653 4.36% Home Loan MC 0.800% 9/29/22 10/27/26 2,000,000 1,732,400 1,911,120 - 8,960 1,920,080 - 16,000 2,844 4.42% Treasury Note 4.375% 2/14/25 12/15/26 2,000,000 2,000,078 2,010,320 - 4,440 2,014,760 43,750 43,750 3,825 4.37% Continued on next page
City of Camarillo
LAIF Interest
Report on the Local Agency Investment Fund & U.S. Government Securities June 30, 2025
Investment Report
Fiscal Year Received Accrued
Interest
U.S. Securities Interest
Fiscal Year Received Accrued
Interest
See Table 1:
Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 5/31/2025 (Maturities) or (Decr) 6/30/2025 Month Y-T-D Yield Continued - U.S. Securities
Treasury Note 4.000% 4/3/25 1/15/27 2,000,000 2,003,125 1,999,760 - 4,920 2,004,680 - - 36,906 3.91% Treasury Note 4.125% 3/13/25 2/15/27 2,000,000 2,005,469 2,004,300 - 5,160 2,009,460 - - 30,994 3.98% Corporate Bond - Johnson & Johnson 4.500% 4/3/25 3/1/27 1,000,000 1,009,000 1,007,970 - 1,680 1,009,650 - - 16,375 4.00% Corporate Bond - VISA Inc. 1.900% 2/7/22 4/15/27 1,000,000 926,600 960,700 - 4,700 965,400 - 19,000 4,011 3.81% Treasury Note 2.375% 6/29/23 5/15/27 2,000,000 1,869,531 1,941,800 - 8,520 1,950,320 - 47,500 6,067 4.22% Home Loan Bank 4.625% 7/18/24 6/11/27 2,000,000 2,018,360 2,023,040 - 7,320 2,030,360 46,250 99,438 5,139 4.28% Treasury Note 4.375% 3/13/25 7/15/27 2,000,000 2,017,891 2,018,280 - 6,400 2,024,680 - - 40,366 3.97% Fed Farm Credit Bank 4.125% 2/28/23 8/23/27 2,000,000 1,983,540 2,006,200 - 4,820 2,011,020 - 82,500 29,333 4.33% Treasury Note 3.375% 4/3/25 9/15/27 2,000,000 1,977,422 1,977,180 - 8,760 1,985,940 - - 19,810 3.86% Treasury Note 3.875% 6/3/25 10/15/27 2,000,000 1,998,516 - 1,998,516 8,204 2,006,720 - - 16,305 3.91% Corporate Note - Apple Inc. 3.000% 6/29/23 11/13/27 1,000,000 945,670 977,170 - 3,320 980,490 - 30,000 4,000 4.38% Treasury Note 4.000% 3/13/25 12/15/27 2,000,000 2,001,172 2,005,460 - 8,520 2,013,980 40,000 40,000 3,497 3.98% Treasury Note 3.500% 11/22/23 1/31/28 2,000,000 1,922,188 1,980,460 - 9,160 1,989,620 - 70,000 29,199 4.53% Treasury Note 3.875% 4/3/25 3/15/28 2,000,000 2,001,172 2,000,000 - 9,380 2,009,380 - - 22,745 3.85% Treasury Note 3.500% 2/14/25 4/30/28 2,000,000 1,946,016 1,978,600 - 10,300 1,988,900 - 35,000 11,793 4.41% Treasury Note 2.875% 1/22/25 5/15/28 2,000,000 1,909,219 1,943,820 - 11,260 1,955,080 - 28,750 7,344 4.36% Treasury Note 4.125% 1/22/25 7/31/28 2,000,000 1,984,297 2,013,680 - 10,140 2,023,820 - 41,250 34,413 4.37% Treasury Note 2.875% 1/22/25 8/15/28 2,000,000 1,901,953 1,938,280 - 12,260 1,950,540 - 28,750 21,602 4.37% Treasury Note 4.625% 5/30/24 9/30/28 2,000,000 1,994,375 2,044,620 - 10,540 2,055,160 - 92,500 23,251 4.70% Treasury Note 4.875% 3/22/24 10/31/28 2,000,000 2,043,594 2,060,700 - 11,020 2,071,720 - 97,500 16,427 4.35% Treasury Note 4.375% 3/22/24 11/30/28 2,000,000 2,003,906 2,029,540 - 11,860 2,041,400 43,750 87,500 7,411 4.33% Treasury Note 3.750% 3/22/24 12/31/28 2,000,000 1,950,469 1,988,820 - 12,440 2,001,260 37,500 112,500 204 4.33% Treasury Note 4.000% 3/22/24 1/31/29 2,000,000 1,972,578 2,004,760 - 12,980 2,017,740 - 80,000 33,370 4.32% Treasury Note 5.250% 5/21/24 2/15/29 2,000,000 2,072,813 2,096,640 - 11,560 2,108,200 - 105,000 39,448 4.39% Treasury Note 4.125% 6/27/24 3/31/29 2,000,000 1,985,469 2,013,520 - 13,280 2,026,800 - 82,500 20,738 4.29% Treasury Note 4.500% 2/14/25 5/31/29 2,000,000 2,002,188 2,040,620 - 13,680 2,054,300 45,000 45,000 7,623 4.47% Home Loan Bank 4.625% 7/18/24 6/8/29 2,000,000 2,041,960 2,054,380 - 7,640 2,062,020 46,250 101,493 5,910 4.14% Fed Farm Credit Bank 3.500% 9/20/24 9/10/29 2,000,000 1,999,260 1,951,280 - 15,320 1,966,600 - 35,000 21,583 3.51% Corporate Bond - Alphabet Inc. 4.000% 6/3/25 5/15/30 1,000,000 989,470 - 989,470 11,140 1,000,610 - - 6,667 4.24% - - - - - - - 311,369 -
Total U.S. Securities 89,723,000 88,478,834 88,631,904 929,968 310,051 89,871,922 422,500 2,753,893 814,261 4.18% Grand Total - LAIF & U.S. Securities 254,723,000 253,478,834 257,831,904 7,429,968 (10,389,949) 254,871,922 422,500 9,867,141 2,560,491 4.22% At 6/30/2025, the City's average earnings rate on all investments listed above was 4.22%, LAIF earnings rate was 4.27%, while 4.18% was the average purchase price yield to maturity on securities only.
Note: U.S. Security market values are provided by Bank of New York Mellon.
Total Market Value:
Table 1: Securities Matured Total US Securities 254,871,922$ Security Type Par Purchase Price (1) Gain / (Loss) Net = (1) + (2) Total Accrued Interest 2,560,491 Treasury Note 2,000,000 1,964,219 35,781 55,781 257,432,413$ Treasury Note 2,000,000 1,924,297 75,703 190,703115,000 FY 2024/25 Interest Prior to 6/2025 for Matured/Called Securities Fiscal Year Received
(2) Total Interest Earned
20,000
Accrued
Interest
Securities Interest
Assessment District Lease Revenue Revenue Revenue
Description
Original Bond / Note Issue Amount 5,766,065 15,915,000 9,555,000 31,295,000 7,630,000 18,900,000 11,800,000 Date of Bond / Note Issue 06/06/17 11/12/14 12/22/16 12/22/16 04/26/12 08/11/15 08/01/19 Date of Final Maturity 09/01/32 09/01/36 09/01/41 09/01/41 12/01/33 06/01/36 08/07/23 Interest Rates 2.45% 3.50% - 5.25% 1.62% - 5.00% 2.00% - 5.00% 1.00% - 4.25% 2.00% - 5.00% 2.00% - 5.00% Principal Outstanding @ June 30, 2025 3,392,525 10,565,000 7,205,000 25,765,000 3,685,000 11,760,000 - Next Principal Payment Due
Principal Payment Amount 387,160 670,000 305,000 755,000 355,000 880,000 - Principal Payment Due Date 09/01/25 09/01/25 09/01/25 09/01/25 12/01/25 06/01/26 - Next Two Interest Payments Due
1st Installment Amount 41,558 263,588 144,772 539,800 70,131 211,997 - 1st Installment Due 09/01/25 09/01/25 09/01/25 09/01/25 12/01/25 12/01/25 - 2nd Installment Amount 36,816 246,838 139,816 524,700 63,919 211,997 - 2nd Installment Due 03/01/26 03/01/26 03/01/26 03/01/26 6/01/26 6/01/26 - Type of Investment Total
U.S. Bank 7,506,954 494,519 2,303,194 1,044,540 3,153,657 500,944 2,186 7,914 Bank of New York Mellon Tax-Exempt MMKT* 122 - - 122 - - - - Total Investments per Bank & General Ledger 7,507,076 494,519 2,303,194 1,044,662 3,153,657 500,944 2,186 7,914 *Unspent bond proceeds from the refunded 2006 Tax-Exempt Housing bond as well as investment earnings.
City of Camarillo
Investment Report of Bond Account Balances
June 30, 2025
2019 PFA Water
Bonds
Successor Agency
Mello-Roos Bonds
CFD#1 2017 Bonds
2015 Camsan
Wastewater Bonds
2012 PFA Library
Bonds
2016 SA (C.D.C.)
Refunding Bonds,
Series B
2016 SA (C.D.C.)
Refunding Bonds,
Series A & A-T
2014 SA (C.D.C.)
Refunding Bonds
LAIF LAIF LAIF LAIF Bank of NY Mellon Investment
Description City Camsan CCI Corp. Subtotal Securities (at Par) Total May 31 Beginning Balance 56,800,000 $ 56,300,000$ 56,100,000$ 169,200,000$ 88,723,000$ 257,923,000$ June 2 LAIF Wire (2,100,000) - - (2,100,000) - (2,100,000) June 2 Matured Security - - - - (2,000,000) (2,000,000) June 3 Purchased Three Securities - - - - 5,000,000 5,000,000 June 5 LAIF Wire - - 900,000 900,000 - 900,000 June 6 LAIF Wire (100,000) - - (100,000) - (100,000) June 12 LAIF Wire - - (2,100,000) (2,100,000) - (2,100,000) June 15 Matured Security - - - - (2,000,000) (2,000,000) June 17 LAIF Wire 3,300,000 - - 3,300,000 - 3,300,000 June 20 LAIF Wire (2,100,000) - - (2,100,000) - (2,100,000) June 23 LAIF Wire - - 2,300,000 2,300,000 - 2,300,000 June 26 LAIF Wire (1,800,000) (1,300,000) (1,200,000) (4,300,000) - (4,300,000) (2,800,000) (1,300,000) (100,000) (4,200,000) 1,000,000 (3,200,000) June 30 Ending Balance 54,000,000 $ 55,000,000$ 56,000,000$ 165,000,000$ 89,723,000$ 254,723,000$ Subtotal of Incr. / <Decr.> in A/C Balances
City of Camarillo
Chronological Investment Activity Report - At Par
For the Month Ended June 30, 2025
(Bond Proceeds Accounts Excluded)
Date
City of Camarillo Cons Account | Account #285 | As of June 30, 2025 Execution Time: 07/07/2025 10:48:43 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 0.66
Average Coupon 4.02%
Average Purchase YTM 4.24%
Average Market YTM 4.12%
Average Credit Quality* AA+
Average Final Maturity 0.71
Average Life 0.67
End Values as of
05/31/2025
End Values as of
06/30/2025
Market Value 259,074,351.04 256,594,236.97
Accrued Interest 862,202.60 814,260.55
Total Market Value 259,936,553.64 257,408,497.53
Income Earned 178,282.15 360,626.71
Cont/WD 2,180,625.00 (3,678,600.90)
Par 259,173,619.80 256,469,231.14
Book Value 257,923,783.29 255,225,065.61
Cost Value 257,923,783.29 255,225,065.61
LAIF 64.30%
Government of The United States 21.95%
Farm Credit System 4.38%
Federal Home Loan Banks 3.14%
Toyota Motor Corporation 0.77%
Mitsubishi UFJ Financial Group, Inc. 0.76%
Federal Home Loan Mortgage Corp 0.75%
Johnson & Johnson 0.39%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.
Note: There may be a slight difference in the market value between the custodian and investment advisor due to small variances of the independent valuation provided by the third party vendor.
Other 3.56% Total 100.00% Preliminary Preliminary Final
May June June Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 110,743,306$ 109,379,940$ 98,654,361$ 10,725,579$ 10.87 % Restricted cash 8,177,729 8,177,729 7,720,043 457,686 5.93 Accounts receivable, net 958,812 1,658,801 7,241,520 (5,582,719) (1) (77.09) Due from other funds - - 575,780 (575,780) (2) (100.00) Prepaid items 297,979 187,200 24,229 162,971 (3) 672.63 Deposits 125,000 125,000 125,000 - -
Total Assets 120,302,826$ 119,528,670$ 114,340,933$ 5,187,737$ 4.54 % Liabilities:
Accounts payable 10,103$ 108,332$ 3,686,529$ (3,578,197)$ (1) (97.06) % Wages & payroll taxes payable 297,167 3,483 524,663 (521,180) (4) (99.34) Deposit & deferred revenues 2,606,608 2,607,211 2,548,203 59,008 2.32 Total Liabilities 2,913,878 2,719,026 6,759,395 (4,040,369) (59.77) Fund Balance:
Nonspendable 422,979 312,200 149,229 162,971 109.21 Restricted 8,385,964 8,383,288 (5) 7,895,616 487,672 6.18 Committed 88,036,791 88,036,791 (6) 71,360,064 16,676,727 23.37 Assigned 3,497,176 3,596,767 - 3,596,767 -
Unassigned 17,046,038 16,480,598 28,176,629 (11,696,031) (41.51) Total Fund Balance 117,388,948 116,809,644 107,581,538 9,228,106 8.58 Total Liabilities and Fund Balance 120,302,826$ 119,528,670$ 114,340,933$ 5,187,737$ 4.54 % - - -
Fund Balance:
Beginning Balance on July 1 109,522,919$ 109,522,919$ 91,561,603$ 17,961,316$ 19.62 Revenues 50,988,636 53,980,575 62,390,500 (8,409,925) (7) (13.48) Interfund Transfers-in 1,647,004 1,647,004 10,853,566 (9,206,562) (84.83) Total Revenues & Transfers-in 52,635,640 55,627,579 73,244,067 (17,616,487) (24.05) Expenditures 44,286,011 47,857,254 46,428,448 (1,428,806) (8) 3.08 Interfund Transfers-out 483,600 483,600 10,795,684 10,312,084 (95.52) Total Expenditures & Transfers-out 44,769,611 48,340,854 57,224,132 8,883,278 (15.52) Total Fund Balance 117,388,948$ 116,809,644$ 107,581,538$ 9,228,106$ 8.58 % (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8) Year-to-date expenditures increased by $1.4m primarily due to increases of $0.9m in General government and $0.5m in Community Services.
Year-to-date revenues decreased by $8.4m compared to prior fiscal year due to timing of when year-end accruals are recorded, which includes decreases of $4.5m in Sales taxes, $0.7m in Investment earnings, $0.2 in Business taxes and $3.0m in Grants & Contributions.
Pursuant to GASB 54, City Council adopted a Resolution committing $88.0m of the General Fund Balance for the fiscal year ending June 30, 2024 as listed in the table below:
Liabilities and Fund Balance:
The Restricted fund balance includes $7.6m PARS Trust balance, $0.6m economic development loans, and $0.2.m CASp fee.
City of Camarillo
General Fund
Comparative Balance Sheet
May 31 and June 30, 2025, and June 30, 2024 - Preliminary Year over Year
Accounts receivable/payable are significantly lower than prior fiscal year due to timing of when year-end accruals are recorded.
Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund.
Prepaid items increase is due to timing of payments.
Wages & payroll taxes payable is lower due to timing of when payroll is recorded.
Purchase Market Totals
Investment Summary: $ % Price (G/L) Per Trustee % Yield LAIF Accounts 151,100,000$ 60.72% 151,100,000$ 151,100,000$ 4.26% Securities:
U. S. T-Notes & Bills 63,000,000 25.32% 62,526,739 63,104,094 Agencies 21,233,000 8.53% 20,868,925 21,153,001
Certificates of Deposits 490,000 0.20% 488,285 490,108 Commerical Paper 4,000,000 1.61% 3,884,742 3,954,491
Corporate Notes 9,000,000 3.62% 8,792,040 8,909,090
Subtotal Securities 97,723,000 39.28% 96,560,731 97,610,784 4.15% Subtotal LAIF Accounts & Securities 248,823,000$ 100.00% 247,660,731 248,710,784 4.20% Accrued Interest 1,485,049
Total Market Value 250,195,833
Total Bond Account Balances 7,514,851 7,514,851
Total Investments 255,175,582$ 257,710,684$
This investment report is in compliance with the following:
(1) All securities have a maturity of 5 years or less.
(2) Total Agency investments do not exceed 75% of the portfolio. (3) Total Investments for each Agency Issuer do not exceed 20% of the portfolio. (4) No agency transactions were locked in during July 2025 for settlement in August 2025.
Greg Ramirez, City Manager / Treasurer Date Mark Uribe / Director of Finance Date City of Camarillo
Investment Report
Security Maturities / Totals at Par
July 31, 2025
Compliance Report and Attestations
At Par
of Camarillo, we attest that sufficient investment liquidity and anticipated revenue are available to meet the next six (6) months' estimated expenditures.
All City investments are shown above and conform to the City Investment Policy. All investment transactions during this period are included in this report. As Treasurer and Director of Finance of the City
ATTESTATIONS
Investment Policy Check List
1 year or less
70.96%
+1-2 years
9.14% - $22.75m
+2-3 years
9.65% - $24.00m
+3-4 years
8.04% - $20.00m
+4-5 years
2.21% - $5.50m
Other
29.04%
INVESTMENT MATURITY SCHEDULE
Investments have a maturity of five years or less
$176,578,000
$72,245,000
Notes & Bills
25.32% - $63,000,000
LAIF - 60.72%
$151,100,000
Fed. Home Loan Bank
3.22% - $8.00m
Fed. Home Loan MC
0.80% - $2.00m
Fed. Farm Credit
4.51% - $11.23m
Corporate Note
3.62% - $9.00m
Commercial Paper
1.61% - $4.00m
Certificate of Deposit
0.20% - $490k
Investment by Type
08 / 11 / 2025
08 / 11 / 2025
Market Value Per LAIF
Purchase Balance Balance
Investment Balance Price 6/30/2025 Deposits Withdrawals 7/31/2025 Month Y-T-D Yield Total LAIF 151,100,000 151,100,000 165,000,000 6,701,745 (20,601,745) 151,100,000 1,801,745 1,801,745 569,620 4.26% Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 6/30/2025 (Maturities) or (Decr) 7/31/2025 Month Y-T-D Yield U.S. Securities
Treasury Note 3.000% 12/21/22 7/15/25 1,998,940 (2,000,000) 1,060 - 30,000 30,000 - 4.13% Treasury Note 3.125% 12/21/22 8/15/25 2,000,000 1,951,172 1,996,600 - 2,320 1,998,920 - - 28,833 4.11% Corporate Note - Walmart 3.900% 9/29/22 9/9/25 1,000,000 982,170 998,880 - 360 999,240 - - 15,383 4.55% Certificate of Deposit 4.300% 9/29/22 9/29/25 245,000 244,265 244,909 - 49 244,958 - - 3,687 4.41% Treasury Note 4.250% 9/28/23 10/15/25 2,000,000 1,967,813 1,999,580 - 100 1,999,680 - - 25,082 5.09% Corporate Note - Microsoft 3.125% 3/17/22 11/3/25 1,000,000 1,024,730 995,650 - 980 996,630 - - 7,639 2.36% Commercial Paper - Toyota Motor Corp. 0.000% 3/19/25 11/17/25 2,000,000 1,942,760 1,999,937 - - 1,999,937 - - - 4.37% Home Loan Bank 4.500% 2/7/23 12/12/25 2,000,000 2,035,620 2,001,240 - 60 2,001,300 - - 12,250 3.83% Fed Farm Credit Bank 4.000% 2/7/23 1/13/26 1,233,000 1,239,325 1,230,879 - (99) 1,230,781 24,660 24,660 2,466 3.81% Commercial Paper - MUFG 0.000% 6/3/25 2/2/26 2,000,000 1,941,982 1,948,274 - 6,280 1,954,554 - - - 4.41% Fed Farm Credit Bank 4.375% 2/28/23 2/23/26 2,000,000 1,987,560 2,001,960 - (1,560) 2,000,400 - - 38,403 4.60% Home Loan Bank 0.960% 5/4/22 3/5/26 2,000,000 1,843,900 1,957,900 - 3,800 1,961,700 - - 7,787 3.14% Corporate Note - Berkshire Hathaway 3.125% 3/17/22 3/15/26 1,000,000 1,018,170 992,170 - 1,730 993,900 - - 11,806 2.61% Corporate Note - Proctor & Gamble 1.000% 12/21/22 4/23/26 1,000,000 898,650 974,510 - 1,790 976,300 - - 2,722 4.29% Treasury Note 3.625% 9/19/24 5/15/26 2,000,000 1,997,266 1,992,600 - (1,580) 1,991,020 - - 15,367 3.71% Fed Farm Credit Bank 4.375% 6/29/23 6/23/26 2,000,000 1,998,760 2,006,680 - (4,040) 2,002,640 - - 9,236 4.40% Treasury Note 4.500% 11/22/23 7/15/26 2,000,000 1,990,078 2,010,440 - (4,760) 2,005,680 45,000 45,000 4,158 4.70% Treasury Note 4.375% 9/19/24 8/15/26 2,000,000 2,027,109 2,008,680 - (4,480) 2,004,200 - - 40,366 3.63% Fed Farm Credit Bank 4.750% 9/28/23 9/1/26 2,000,000 1,988,240 2,016,420 - (5,800) 2,010,620 - - 39,583 4.97% Certificate of Deposit 4.250% 9/30/22 9/30/26 245,000 244,020 244,983 - 167 245,150 - - 3,537 4.36% Home Loan MC 0.800% 9/29/22 10/27/26 2,000,000 1,732,400 1,920,080 - 2,920 1,923,000 - - 4,178 4.42% Treasury Note 4.375% 2/14/25 12/15/26 2,000,000 2,000,078 2,014,760 - (6,860) 2,007,900 - - 11,236 4.37% Treasury Note 4.000% 4/3/25 1/15/27 2,000,000 2,003,125 2,004,680 - (6,480) 1,998,200 40,000 40,000 3,696 3.91% Treasury Note 4.125% 3/13/25 2/15/27 2,000,000 2,005,469 2,009,460 - (7,040) 2,002,420 - - 38,059 3.98% Corporate Bond - Johnson & Johnson 4.500% 4/3/25 3/1/27 1,000,000 1,009,000 1,009,650 - (3,650) 1,006,000 - - 20,125 4.00% Treasury Note 3.875% 7/10/25 3/31/27 2,500,000 2,496,777 - 2,496,777 (2,152) 2,494,625 - 32,556 3.95% Corporate Bond - VISA Inc. 1.900% 2/7/22 4/15/27 1,000,000 926,600 965,400 - (1,940) 963,460 - - 5,594 3.81% Treasury Note 2.375% 6/29/23 5/15/27 2,000,000 1,869,531 1,950,320 - (5,640) 1,944,680 - - 10,068 4.22% Home Loan Bank 4.625% 7/18/24 6/11/27 2,000,000 2,018,360 2,030,360 - (11,920) 2,018,440 - - 12,847 4.28% Treasury Note 4.375% 3/13/25 7/15/27 2,000,000 2,017,891 2,024,680 - (9,360) 2,015,320 43,750 43,750 4,042 3.97% See Table 1:
Continued on next page
City of Camarillo
LAIF Interest
Report on the Local Agency Investment Fund & U.S. Government Securities July 31, 2025
Investment Report
Fiscal Year Received Accrued
Interest
U.S. Securities Interest
Fiscal Year Received Accrued
Interest
Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 6/30/2025 (Maturities) or (Decr) 7/31/2025 Month Y-T-D Yield Continued - U.S. Securities
Fed Farm Credit Bank 4.125% 2/28/23 8/23/27 2,000,000 1,983,540 2,011,020 - (8,680) 2,002,340 - - 36,208 4.33% Corporate Bond - Walmart 3.950% 7/10/25 9/9/27 1,000,000 997,580 - 997,580 560 998,140 - 15,581 4.07% Treasury Note 3.375% 4/3/25 9/15/27 2,000,000 1,977,422 1,985,940 - (8,360) 1,977,580 - - 25,496 3.86% Treasury Note 3.875% 6/3/25 10/15/27 2,000,000 1,998,516 2,006,720 - (9,220) 1,997,500 - - 22,869 3.91% Corporate Note - Apple Inc. 3.000% 6/29/23 11/13/27 1,000,000 945,670 980,490 - (1,780) 978,710 - - 6,500 4.38% Treasury Note 4.125% 7/10/25 11/15/27 2,000,000 2,010,313 - 2,010,313 (1,953) 2,008,360 - 17,486 3.89% Treasury Note 4.000% 3/13/25 12/15/27 2,000,000 2,001,172 2,013,980 - (10,080) 2,003,900 - - 10,273 3.98% Treasury Note 3.500% 11/22/23 1/31/28 2,000,000 1,922,188 1,989,620 - (9,000) 1,980,620 35,000 35,000 190 4.53% Treasury Note 4.250% 7/10/25 2/15/28 2,000,000 2,017,891 - 2,017,891 (1,711) 2,016,180 - 39,213 3.88% Treasury Note 3.875% 4/3/25 3/15/28 2,000,000 2,001,172 2,009,380 - (10,320) 1,999,060 - - 29,273 3.85% Treasury Note 3.500% 2/14/25 4/30/28 2,000,000 1,946,016 1,988,900 - (9,840) 1,979,060 - - 17,690 4.41% Treasury Note 2.875% 1/22/25 5/15/28 2,000,000 1,909,219 1,955,080 - (8,900) 1,946,180 - - 12,188 4.36% Treasury Note 4.125% 1/22/25 7/31/28 2,000,000 1,984,297 2,023,820 - (11,000) 2,012,820 41,250 41,250 224 4.37% Treasury Note 2.875% 1/22/25 8/15/28 2,000,000 1,901,953 1,950,540 - (9,220) 1,941,320 - - 26,526 4.37% Treasury Note 4.625% 5/30/24 9/30/28 2,000,000 1,994,375 2,055,160 - (12,580) 2,042,580 - - 31,086 4.70% Treasury Note 4.875% 3/22/24 10/31/28 2,000,000 2,043,594 2,071,720 - (13,280) 2,058,440 - - 24,640 4.35% Treasury Note 4.375% 3/22/24 11/30/28 2,000,000 2,003,906 2,041,400 - (12,640) 2,028,760 - - 14,822 4.33% Treasury Note 3.750% 3/22/24 12/31/28 2,000,000 1,950,469 2,001,260 - (11,580) 1,989,680 - - 6,522 4.33% Treasury Note 4.000% 3/22/24 1/31/29 2,000,000 1,972,578 2,017,740 - (12,280) 2,005,460 40,000 40,000 217 4.32% Treasury Note 5.250% 5/21/24 2/15/29 2,000,000 2,072,813 2,108,200 - (14,920) 2,093,280 - - 48,439 4.39% Treasury Note 4.125% 6/27/24 3/31/29 2,000,000 1,985,469 2,026,800 - (12,820) 2,013,980 - - 27,725 4.29% Treasury Note 4.500% 2/14/25 5/31/29 2,000,000 2,002,188 2,054,300 - (13,760) 2,040,540 - - 15,246 4.47% Home Loan Bank 4.625% 7/18/24 6/8/29 2,000,000 2,041,960 2,062,020 - (15,960) 2,046,060 - - 13,618 4.14% Fed Farm Credit Bank 3.500% 9/20/24 9/10/29 2,000,000 1,999,260 1,966,600 - (10,880) 1,955,720 - - 27,417 3.51% Treasury Note 4.000% 7/10/25 10/31/29 2,500,000 2,504,883 - 2,504,883 1,267 2,506,150 - 25,272 3.95% Corporate Bond - Alphabet Inc. 4.000% 6/3/25 5/15/30 1,000,000 989,470 1,000,610 - (3,900) 996,710 - - 10,000 4.24% - - - - - - - - -
Total U.S. Securities 97,723,000 96,560,731 89,871,922 8,027,443 (288,581) 97,610,784 299,660 299,660 915,429 4.15% Grand Total - LAIF & U.S. Securities 248,823,000 247,660,731 254,871,922 14,729,189 (20,890,327) 248,710,784 2,101,405 2,101,405 1,485,049 4.20% At 7/31/2025, the City's average earnings rate on all investments listed above was 4.20%, LAIF earnings rate was 4.26%, while 4.15% was the average purchase price yield to maturity on securities only.
Note: U.S. Security market values are provided by Bank of New York Mellon.
Total Market Value:
Table 1: Securities Matured Total US Securities 248,710,784$ Security Type Par Purchase Price (1) Gain / (Loss) Net = (1) + (2) Total Accrued Interest 1,485,049 Treasury Note 2,000,000 1,945,547 54,453 204,453 250,195,833$ FY 2025/26 Interest Prior to 7/2025 for Matured/Called Securities Fiscal Year Received
(2) Total Interest Earned
150,000
Accrued
Interest
Securities Interest
Assessment District Lease Revenue Revenue Revenue
Description
Original Bond / Note Issue Amount 5,766,065 15,915,000 9,555,000 31,295,000 7,630,000 18,900,000 11,800,000 Date of Bond / Note Issue 06/06/17 11/12/14 12/22/16 12/22/16 04/26/12 08/11/15 08/01/19 Date of Final Maturity 09/01/32 09/01/36 09/01/41 09/01/41 12/01/33 06/01/36 08/07/23 Interest Rates 2.45% 3.50% - 5.25% 1.62% - 5.00% 2.00% - 5.00% 1.00% - 4.25% 2.00% - 5.00% 2.00% - 5.00% Principal Outstanding @ July 31, 2025 3,392,525 10,565,000 7,205,000 25,765,000 3,685,000 11,760,000 - Next Principal Payment Due
Principal Payment Amount 387,160 670,000 305,000 755,000 355,000 880,000 - Principal Payment Due Date 09/01/25 09/01/25 09/01/25 09/01/25 12/01/25 06/01/26 - Next Two Interest Payments Due
1st Installment Amount 41,558 263,588 144,772 539,800 70,131 211,997 - 1st Installment Due 09/01/25 09/01/25 09/01/25 09/01/25 12/01/25 12/01/25 - 2nd Installment Amount 36,816 246,838 139,816 524,700 63,919 211,997 - 2nd Installment Due 03/01/26 03/01/26 03/01/26 03/01/26 6/01/26 6/01/26 - Type of Investment Total
U.S. Bank 7,514,851 494,521 2,309,312 1,044,543 3,153,667 502,561 2,308 7,939 Bank of New York Mellon Tax-Exempt MMKT* - - - - - - - - Total Investments per Bank & General Ledger 7,514,851 494,521 2,309,312 1,044,543 3,153,667 502,561 2,308 7,939 *Unspent bond proceeds from the refunded 2006 Tax-Exempt Housing bond as well as investment earnings.
City of Camarillo
Investment Report of Bond Account Balances
July 31, 2025
2019 PFA Water
Bonds
Successor Agency
Mello-Roos Bonds
CFD#1 2017 Bonds
2015 Camsan
Wastewater Bonds
2012 PFA Library
Bonds
2016 SA (C.D.C.)
Refunding Bonds,
Series B
2016 SA (C.D.C.)
Refunding Bonds,
Series A & A-T
2014 SA (C.D.C.)
Refunding Bonds
LAIF LAIF LAIF LAIF Bank of NY Mellon Investment
Description City Camsan CCI Corp. Subtotal Securities (at Par) Total June 30 Beginning Balance 54,000,000 $ 55,000,000$ 56,000,000$ 165,000,000$ 89,723,000$ 254,723,000$ July 1 LAIF Wire 1,000,000 - - 1,000,000 - 1,000,000 July 3 LAIF Wire - - (200,000) (200,000) - (200,000) July 8 LAIF Wire - 1,100,000 - 1,100,000 - 1,100,000 July 9 LAIF Wire (10,000,000) - - (10,000,000) - (10,000,000) July 10 Purchased Five Securities - - - - 10,000,000 10,000,000 July 10 LAIF Wire - (2,800,000) - (2,800,000) - (2,800,000) July 15 LAIF Qtr Ended 6/30/25 Interest Earnings 598,123 606,164 597,458 1,801,745 - 1,801,745 July 15 LAIF Wire - 900,000 - 900,000 - 900,000 July 15 Matured Security - - - - (2,000,000) (2,000,000) July 17 LAIF Wire - - (1,797,458) (1,797,458) - (1,797,458) July 21 LAIF Wire 500,000 - - 500,000 - 500,000 July 28 LAIF Wire - (2,906,164) - (2,906,164) - (2,906,164) July 29 LAIF Wire (2,898,123) - - (2,898,123) - (2,898,123) July 31 LAIF Wire 1,400,000 - - 1,400,000 - 1,400,000 (9,400,000) (3,100,000) (1,400,000) (13,900,000) 8,000,000 (5,900,000) July 31 Ending Balance 44,600,000 $ 51,900,000$ 54,600,000$ 151,100,000$ 97,723,000$ 248,823,000$ Subtotal of Incr. / <Decr.> in A/C Balances
City of Camarillo
Chronological Investment Activity Report - At Par
For the Month Ended July 31, 2025
(Bond Proceeds Accounts Excluded)
Date
End Values as of 06/30/2025End Values as of 07/31/2025Accrued InterestTotal Market Value 257,408,497.53 250,185,829.63
Preliminary Preliminary Final
June July July Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 109,644,695$ 106,003,445$ 98,076,522$ 7,926,923$ 8.08 % Restricted cash 8,275,370 8,275,370 7,861,869 413,501 5.26 Accounts receivable, net 1,272,261 1,348,254 3,692,757 (2,344,503) (1) (63.49) Due from other funds - - 20,780 (20,780) (2) (100.00) Prepaid items 65,754 2,783,248 2,796,472 (13,224) (0.47) Deposits 125,000 125,000 125,000 - - Total Assets 119,383,080$ 118,535,317$ 112,573,400$ 5,961,917$ 5.30 % Liabilities:
Accounts payable 2,905,041$ 168,122$ 620,951$ (452,829)$ (1) (72.93) % Wages & payroll taxes payable 372,015 173,544 430,137 (256,593) (3) (59.65) Deposit & deferred revenues 2,596,731 2,601,485 2,684,226 (82,741) (3.08) Total Liabilities 5,873,787 2,943,151 3,735,314 (792,163) (21.21) Fund Balance:
Nonspendable 190,754 2,908,248 2,921,472 (13,224) (0.45) Restricted 8,496,625 8,493,970 (4) 8,051,732 442,238 5.49 Committed 89,888,913 89,888,913 (5) 88,036,791 1,852,122 2.10 Assigned 2,767,524 6,267,989 4,106,347 2,161,642 52.64 Unassigned 12,165,477 8,033,046 5,721,744 2,311,302 40.40 Total Fund Balance 113,509,293 115,592,166 108,838,086 6,754,080 6.21 Total Liabilities and Fund Balance 119,383,080$ 118,535,317$ 112,573,400$ 5,961,917$ 5.30 % - - -
Fund Balance:
Beginning Balance on July 1 109,522,919$ 113,509,293$ 109,522,919$ 3,986,374 $ 3.64 Revenues 54,260,695 3,091,607 675,330 2,416,277 (6) 357.79 Interfund Transfers-in 1,835,482 - - - - Total Revenues & Transfers-in 56,096,177 3,091,608 675,331 2,416,277 357.79 Expenditures 51,626,203 1,008,735 1,360,164 351,429 (7) (25.84) Interfund Transfers-out 483,600 - - - - Total Expenditures & Transfers-out52,109,803 1,008,735 1,360,164 351,429 (25.84) Total Fund Balance 113,509,293$ 115,592,166$ 108,838,086$ 6,754,080 $ 6.21 % (1)
(2)
(3)
(4)
(5)
Authorized @
6/30/2025
Reserve Level Policy - Council Goal of 50% 31,683,913$
200,000
3,800,000
5,400,000
14,405,000
15,000,000
10,000,000
8,000,000
1,400,000
$89,888,913
(6)
(7)
City of Camarillo
General Fund
Comparative Balance Sheet
June 30 and July 31, 2025, and July 31, 2024 - Preliminary Year over Year
Year-to-date expenditures decreased by $0.3m primarily due to decreases of $0.2m in Streets & Highways and $0.1m in Library Operations.
Year-to-date revenue increased by $2.4m compared to prior fiscal year due to the timing of when year-end accruals and subsequent reversals are recorded, which includes $1.8m in Sales taxes, $0.4m in Property Taxes and $0.2 in Transient Occupancy Taxes.
Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund Balance for the fiscal year ending June 30, 2025 as listed in the table below:
Liabilities and Fund Balance:
The Restricted fund balance includes $7.9m PARS Trust balance, $0.4m economic development loans, and $0.2.m CASp fee.
Accounts receivable/payable are significantly lower than prior fiscal year due to timing of when year-end accruals are recorded.
Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund.
Wages & payroll taxes payable is lower due to timing of when payroll is recorded. 3,800,000
200,000
31,683,913$
Remaining @
7/31/2025
1,400,000
8,000,000
10,000,000
15,000,000
14,405,000
$89,888,913
Unfunded Accrued Liability PRSP Trust Fund
Pleasant Valley Recreation & Park District (Senior Center) Natural Disaster Recovery
5,400,000
GASB 54 Commitment of Fund Balance
Total Commitment
Loan to Water Utility
Facility Improvement Projects
Economic Development
Continuum of Care
Camarillo Springs Debris Barrier Remediation Maintenance