Purchase Market Totals
Investment Summary: $ % Price (G/L) Per Trustee % Yield LAIF Accounts 136,500,000$ 57.14% 136,500,000$ 136,500,000$ 4.15% Securities:
U. S. T-Notes & Bills 63,000,000 26.36% 62,607,129 63,468,660 Agencies 21,233,000 8.88% 20,868,926 21,275,293
Certificates of Deposits 245,000 0.10% 244,020 244,153 Commerical Paper 4,000,000 1.67% 3,884,742 3,979,087
Corporate Notes 10,000,000 4.18% 9,830,190 9,974,960
Asset-Backed Securities 4,000,000 1.67% 4,069,609 4,059,203 Subtotal Securities 102,478,000 42.86% 101,504,616 103,001,356 4.10% Subtotal LAIF Accounts & Securities 238,978,000$ 100.00% 238,004,616 239,501,356 4.11% Accrued Interest 1,370,369
Total Market Value 240,871,725
Total Bond Account Balances 4,432,942 4,432,942
Total Investments 242,437,558$ 245,304,667$
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 October 2025 for settlement in November 2025.
Greg Ramirez, City Manager / Treasurer Date Mark Uribe / Director of Finance Date 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
City of Camarillo
Investment Report
Security Maturities / Totals at Par
October 31, 2025
Compliance Report and Attestations
At Par
1 year or less
68.20%
+1-2 years
9.83% - $23.50m
+2-3 years
10.04% - $24.00m
+3-4 years
10.67% - $25.50m
+4-5 years
1.26% - $3.00m
Other
31.80%
INVESTMENT MATURITY SCHEDULE
Investments have a maturity of five years or less
$162,978,000
$76,000,000
Notes & Bills
26.36% - $63,000,000
LAIF - 57.14%
$136,500,000
Fed. Home Loan Bank
3.35% - $8.00m
Fed. Home Loan MC
0.83% - $2.00m
Fed. Farm Credit
4.70% - $11.23m
Corporate Note
4.18% - $10.00m
Commercial Paper
1.67% - $4.00m
Certificate of Deposit
0.10% - $245k
Asset-backed Securities
1.67% - $4.00m
Investment by Type
11 / 18 / 2025
11 / 17 / 2025
Market Value Per LAIF
Purchase Balance Balance
Investment Balance Price 9/30/2025 Deposits Withdrawals 10/31/2025 Month Y-T-D Yield Total LAIF 136,500,000 136,500,000 142,500,000 5,154,975 (11,154,975) 136,500,000 1,654,975 3,456,720 498,014 4.15% Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 9/30/2025 (Maturities) or (Decr) 10/31/2025 Month Y-T-D Yield U.S. Securities
Treasury Note 4.250% 9/28/23 10/15/25 2,000,000 (2,000,000) - - 42,500 42,500 - 5.09% Corporate Note - Microsoft 3.125% 3/17/22 11/3/25 1,000,000 1,024,730 998,950 - 1,050 1,000,000 - - 15,451 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 2,000,960 - (920) 2,000,040 - - 34,750 3.83% Fed Farm Credit Bank 4.000% 2/7/23 1/13/26 1,233,000 1,239,325 1,232,433 - 160 1,232,593 - 24,660 14,796 3.81% Commercial Paper - MUFG 0.000% 6/3/25 2/2/26 2,000,000 1,941,982 1,971,893 - 7,257 1,979,150 - - - 4.41% Fed Farm Credit Bank 4.375% 2/28/23 2/23/26 2,000,000 1,987,560 2,002,800 - (260) 2,002,540 - 43,750 16,528 4.60% Home Loan Bank 0.960% 5/4/22 3/5/26 2,000,000 1,843,900 1,974,460 - 5,460 1,979,920 - 9,600 2,987 3.14% Corporate Note - Berkshire Hathaway 3.125% 3/17/22 3/15/26 1,000,000 1,018,170 996,110 - 560 996,670 - 15,625 3,993 2.61% Corporate Note - Proctor & Gamble 1.000% 12/21/22 4/23/26 1,000,000 898,650 984,870 - 2,160 987,030 5,000 5,000 222 4.29% Treasury Note 3.625% 9/19/24 5/15/26 2,000,000 1,997,266 1,997,320 - 640 1,997,960 - - 33,492 3.71% Fed Farm Credit Bank 4.375% 6/29/23 6/23/26 2,000,000 1,998,760 2,007,960 - (680) 2,007,280 - - 31,111 4.40% Treasury Note 4.500% 11/22/23 7/15/26 2,000,000 1,990,078 2,011,140 - (1,420) 2,009,720 - 45,000 26,658 4.70% Treasury Note 4.375% 9/19/24 8/15/26 2,000,000 2,027,109 2,010,320 - (1,200) 2,009,120 - 43,750 18,546 3.63% Fed Farm Credit Bank 4.750% 9/28/23 9/1/26 2,000,000 1,988,240 2,019,020 - (2,820) 2,016,200 - 47,500 15,833 4.97% Certificate of Deposit 4.250% 9/30/22 9/30/26 245,000 244,020 246,093 - (1,940) 244,153 - 5,249 913 4.36% Home Loan MC 0.800% 9/29/22 10/27/26 2,000,000 1,732,400 1,942,540 - 160 1,942,700 8,000 8,000 178 4.42% Treasury Note 4.375% 2/14/25 12/15/26 2,000,000 2,000,078 2,015,940 - (2,120) 2,013,820 - - 33,231 4.37% Treasury Note 4.000% 4/3/25 1/15/27 2,000,000 2,003,125 2,007,660 - (860) 2,006,800 - 40,000 23,696 3.91% Treasury Note 4.125% 3/13/25 2/15/27 2,000,000 2,005,469 2,011,720 - (1,020) 2,010,700 - 41,250 17,486 3.98% Corporate Bond - Johnson & Johnson 4.500% 4/3/25 3/1/27 1,000,000 1,009,000 1,011,470 - (1,560) 1,009,910 - 23,875 7,500 4.00% Treasury Note 3.875% 7/10/25 3/31/27 2,500,000 2,496,777 2,507,625 - (500) 2,507,125 - 48,438 8,516 3.95% Corporate Bond - VISA Inc. 1.900% 2/7/22 4/15/27 1,000,000 926,600 972,100 - 1,190 973,290 9,500 9,500 844 3.81% Treasury Note 2.375% 6/29/23 5/15/27 2,000,000 1,869,531 1,960,080 - 2,180 1,962,260 - - 21,943 4.22% Home Loan Bank 4.625% 7/18/24 6/11/27 2,000,000 2,018,360 2,028,160 - (2,160) 2,026,000 - - 35,972 4.28% Treasury Note 4.375% 3/13/25 7/15/27 2,000,000 2,017,891 2,025,400 - (1,180) 2,024,220 - 43,750 25,917 3.97% Continued on next page
City of Camarillo
LAIF Interest
Report on the Local Agency Investment Fund & U.S. Government Securities October 31, 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 9/30/2025 (Maturities) or (Decr) 10/31/2025 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 2,015,860 - 660 2,016,520 - 41,250 15,583 4.33% Corporate Bond - Walmart 3.950% 7/10/25 9/9/27 1,000,000 997,580 1,004,460 - (190) 1,004,270 - 19,750 5,706 4.07% Treasury Note 3.375% 4/3/25 9/15/27 2,000,000 1,977,422 1,991,180 - - 1,991,180 - 33,750 8,764 3.86% Treasury Note 3.875% 6/3/25 10/15/27 2,000,000 1,998,516 2,010,160 - (480) 2,009,680 38,750 38,750 3,620 3.91% Corporate Note - Apple Inc. 3.000% 6/29/23 11/13/27 1,000,000 945,670 986,970 - 50 987,020 - - 14,000 4.38% Treasury Note 4.125% 7/10/25 11/15/27 2,000,000 2,010,313 2,020,700 - (780) 2,019,920 - - 38,111 3.89% Treasury Note 4.000% 3/13/25 12/15/27 2,000,000 2,001,172 2,016,720 - (400) 2,016,320 - - 30,383 3.98% Treasury Note 3.500% 11/22/23 1/31/28 2,000,000 1,922,188 1,995,000 - 540 1,995,540 - 35,000 17,690 4.53% Treasury Note 4.250% 7/10/25 2/15/28 2,000,000 2,017,891 2,028,520 - (780) 2,027,740 - 42,500 18,016 3.88% Treasury Note 3.875% 4/3/25 3/15/28 2,000,000 2,001,172 2,012,960 - (300) 2,012,660 - 38,750 10,062 3.85% Treasury Note 3.500% 2/14/25 4/30/28 2,000,000 1,946,016 1,994,620 - 380 1,995,000 35,000 35,000 193 4.41% Treasury Note 2.875% 1/22/25 5/15/28 2,000,000 1,909,219 1,962,900 - 1,940 1,964,840 - - 26,563 4.36% Corporate Bond - CME Group Inc. 3.750% 9/16/25 6/15/28 1,000,000 1,000,560 997,460 - 90 997,550 - - 14,167 3.73% Treasury Note 4.125% 1/22/25 7/31/28 2,000,000 1,984,297 2,026,880 - (240) 2,026,640 - 41,250 20,849 4.37% Treasury Note 2.875% 1/22/25 8/15/28 2,000,000 1,901,953 1,959,220 - 2,040 1,961,260 - 28,750 12,188 4.37% Treasury Note 4.625% 5/30/24 9/30/28 2,000,000 1,994,375 2,056,640 - (860) 2,055,780 - 46,250 8,132 4.70% Treasury Note 4.875% 3/22/24 10/31/28 2,000,000 2,043,594 2,071,720 - (1,180) 2,070,540 48,750 48,750 269 4.35% Treasury Note 4.375% 3/22/24 11/30/28 2,000,000 2,003,906 2,043,600 - (240) 2,043,360 - - 36,817 4.33% Treasury Note 3.750% 3/22/24 12/31/28 2,000,000 1,950,469 2,006,800 - 380 2,007,180 - - 25,272 4.33% Treasury Note 4.000% 3/22/24 1/31/29 2,000,000 1,972,578 2,022,120 - - 2,022,120 - 40,000 20,217 4.32% Treasury Note 5.250% 5/21/24 2/15/29 2,000,000 2,072,813 2,105,160 - (780) 2,104,380 - 52,500 22,255 4.39% Treasury Note 4.125% 6/27/24 3/31/29 2,000,000 1,985,469 2,030,780 - 80 2,030,860 - 41,250 7,253 4.29% Asset-Backed Security - Amex 5.230% 10/30/25 4/15/29 2,000,000 2,041,016 - 2,041,016 (4,081) 2,036,934 4,649 3.81% Corporate Bond - BNY Mellon 4.729% 9/16/25 4/20/29 1,000,000 1,019,760 1,016,550 - (630) 1,015,920 23,382 23,382 1,445 3.92% Treasury Note 4.500% 2/14/25 5/31/29 2,000,000 2,002,188 2,056,560 - (160) 2,056,400 - - 37,869 4.47% Home Loan Bank 4.625% 7/18/24 6/8/29 2,000,000 2,041,960 2,062,440 - 1,980 2,064,420 - - 36,743 4.14% Treasury Note 3.125% 9/16/25 8/31/29 2,000,000 1,967,188 1,959,460 - 1,940 1,961,400 - - 10,704 3.57% Fed Farm Credit Bank 3.500% 9/20/24 9/10/29 2,000,000 1,999,260 1,985,660 - 1,420 1,987,080 - 35,000 9,917 3.51% Treasury Note 4.000% 7/10/25 10/31/29 2,500,000 2,504,883 2,503,611 - 1,163 2,504,774 49,500 49,500 273 3.95% Treasury Note 4.000% 9/16/25 10/31/29 2,000,000 2,032,188 2,048,409 - 952 2,049,361 40,500 40,500 224 3.58% Corporate Bond - Alphabet Inc. 4.000% 6/3/25 5/15/30 1,000,000 989,470 1,004,610 - (1,310) 1,003,300 - - 20,000 4.24% Asset-Backed Security - WELLS FARGO 4.340% 10/30/25 5/15/30 2,000,000 2,028,594 - 2,028,594 (6,325) 2,022,269 3,858 4.34% - - - - - - - 86,090 - -
Total U.S. Securities 102,478,000 101,504,616 100,934,691 2,069,609 (2,944) 103,001,356 300,882 1,315,419 872,355 4.10% Grand Total - LAIF & U.S. Securities 238,978,000 238,004,616 243,434,691 7,224,584 (11,157,919) 239,501,356 1,955,857 4,772,139 1,370,369 4.11% At 10/31/2025, the City's average earnings rate on all investments listed above was 4.11%, LAIF earnings rate was 4.15%, while 4.10% 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 239,501,356$ Security Type Par Purchase Price (1) Gain / (Loss) Net = (1) + (2) Total Accrued Interest 1,370,369 Treasury Note 2,000,000 1,967,813 32,187 244,687 240,871,725$ Fiscal Year Received
(2) Total Interest Earned
212,500
Accrued
Interest
Securities Interest
FY 2025/26 Interest Prior to 10/2025 for Matured/Called Securities
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 @ October 31, 2025 3,005,365 9,895,000 6,900,000 25,010,000 3,685,000 11,760,000 - Next Principal Payment Due
Principal Payment Amount 396,380 705,000 315,000 785,000 355,000 880,000 - Principal Payment Due Date 09/01/26 09/01/26 09/01/26 09/01/26 12/01/25 06/01/26 - Next Two Interest Payments Due
1st Installment Amount 36,816 246,838 139,816 524,700 70,131 211,997 - 1st Installment Due 03/01/26 03/01/26 03/01/26 03/01/26 12/01/25 12/01/25 - 2nd Installment Amount 36,816 246,838 139,816 524,700 63,919 211,997 - 2nd Installment Due 09/01/26 09/01/26 09/01/26 09/01/26 6/01/26 6/01/26 - Type of Investment Total
U.S. Bank 4,432,942 65,807 1,395,595 594,783 1,858,902 507,506 2,331 8,018 Total Investments per Bank & General Ledger 4,432,942 65,807 1,395,595 594,783 1,858,902 507,506 2,331 8,018 City of Camarillo
Investment Report of Bond Account Balances
October 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 September 30 Beginning Balance 46,900,000$ 48,400,000$ 47,200,000$ 142,500,000$ 100,478,000$ 242,978,000$ October 2 LAIF Wire - (1,200,000) - (1,200,000) - (1,200,000) October 7 LAIF Wire - - 600,000 600,000 - 600,000 October 9 LAIF Wire - - (900,000) (900,000) - (900,000) October 14 LAIF Wire 500,000 - - 500,000 - 500,000 October 15 LAIF Qtr Ended 9/30/25 Interest Earnings 520,080 566,227 568,667 1,654,974 - 1,654,974 October 15 Matured Security - - - - (2,000,000) (2,000,000) October 16 LAIF Wire (1,320,080) - - (1,320,080) - (1,320,080) October 17 LAIF Wire - 600,000 - 600,000 - 600,000 October 23 LAIF Wire - (1,466,227) - (1,466,227) - (1,466,227) October 27 LAIF Wire 1,800,000 - - 1,800,000 - 1,800,000 October 29 LAIF Wire - - (4,000,000) (4,000,000) - (4,000,000) October 30 Purchased Two Securities - - - - 4,000,000 4,000,000 October 30 LAIF Wire - - (2,268,667) (2,268,667) - (2,268,667) 1,500,000 (1,500,000) (6,000,000) (6,000,000) 2,000,000 (4,000,000) October 31 Ending Balance 48,400,000 $ 46,900,000$ 41,200,000$ 136,500,000$ 102,478,000$ 238,978,000$ Subtotal of Incr. / <Decr.> in A/C Balances
City of Camarillo
Chronological Investment Activity Report - At Par
For the Month Ended October 31, 2025
(Bond Proceeds Accounts Excluded)
Date
City of Camarillo Cons Account | Account #285 | As of October 31, 2025 Execution Time: 11/06/2025 12:05:53 PM 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*
Average Modified Duration 0.80
Average Coupon 3.95%
Average Purchase YTM 4.11%
Average Market YTM 3.95%
Average Credit Quality* AA+
Average Final Maturity 0.89
Average Life 0.86
End Values as of
09/30/2025
End Values as of
10/31/2025
Market Value 245,028,836.07 240,014,448.80
Accrued Interest 857,176.40 872,355.37
Total Market Value 245,886,012.47 240,886,804.17
Income Earned 296,429.86 1,963,061.24
Cont/WD (3,053,806.21) (5,878,272.90)
Par 244,595,694.54 239,476,014.18
Book Value 243,520,513.53 238,502,630.05
Cost Value 243,520,513.53 238,502,630.05
LAIF 56.87%
United States 26.45%
Farm Credit System 4.69%
Federal Home Loan Banks 3.36%
American Express Credit Master Trust 0.85%
WF Card Issuance Trust 0.84%
Toyota Motor Corporation 0.83%
Mitsubishi UFJ Financial Group, Inc. 0.82%
*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 5.29% Total 100.00% Preliminary Preliminary Final
September October October Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 101,851,218$ 100,074,273$ 96,288,410$ 3,785,863$ 3.93 % Restricted cash 8,646,624 8,646,624 7,867,628 778,996 9.90 Accounts receivable, net 1,483,924 1,534,646 1,164,000 370,646 (1) 31.84 Due from other funds - - 20,780 (20,780) (2) (100.00) Prepaid items 2,379,653 2,012,215 2,134,755 (122,540) (5.74) Deposits 125,000 125,000 125,000 - -
Total Assets 114,486,419$ 112,392,758$ 107,600,573$ 4,792,185$ 4.45 % Liabilities:
Accounts payable 12,104$ 163,764$ 1,500$ 162,264$ (3) 10,817.60 % Wages & payroll taxes payable 23,261 326,445 1,846 324,599 (4) 17,583.91 Deposit & deferred revenues 538,714 534,844 2,604,356 (2,069,512) (5) (79.46) Total Liabilities 574,079 1,025,053 2,607,702 (1,582,649) (60.69) Fund Balance:
Nonspendable 2,504,653 2,137,215 2,259,755 (122,540) (5.42) Restricted 8,491,734 8,872,451 (6) 8,057,491 814,960 10.11 Committed 89,888,913 89,888,913 (7) 88,036,791 1,852,122 2.10 Assigned 8,337,074 7,686,818 6,624,270 1,062,548 16.04 Unassigned 4,689,966 2,782,308 14,564 2,767,744 19,004.01 Total Fund Balance 113,912,340 111,367,705 104,992,871 6,374,834 6.07 Total Liabilities and Fund Balance 114,486,419$ 112,392,758$ 107,600,573$ 4,792,185$ 4.45 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397$ 8.69 Revenues 4,551,921 7,100,282 8,116,881 (1,016,599) (8) (12.52) Interfund Transfers-in 172,003 344,440 563,113 (218,673) (38.83) Total Revenues & Transfers-in 4,723,924 7,444,722 8,679,995 (1,235,272) (14.23) Expenditures 9,856,900 15,122,333 13,207,743 (1,914,590) (9) 14.50 Interfund Transfers-out - - 2,300 2,300 (100.00) Total Expenditures & Transfers-out 9,856,900 15,122,333 13,210,043 (1,912,290) 14.48 Total Fund Balance 113,912,340$ 111,367,705$ 104,992,871$ 6,374,834$ 6.07 % (1)
(2)
(3)
(4)
(5)
(6)
(7)
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
(8)
(9)
The Restricted fund balance includes $8.2m PARS Trust balance, $0.5m economic development loans, and $0.2m CASp fee.
Liabilities and Fund Balance:
Wages & payroll taxes payable is higher due to timing of when payroll and payroll related liabilities are recorded.
City of Camarillo
General Fund
Comparative Balance Sheet
September 30 and October 31, 2025, and October 31, 2024 - Preliminary Year over Year
Accounts receivable is higher than prior fiscal year primarily due to Permanent Local Housing Allocation (PLHA) loan distributions to qualified local residents.
Due from other funds decrease is due to the full repayment of the General Fund loan to CDBG Fund.
Accounts payable is higher than prior fiscal year primarily due to timing of payments.
The Deposit and deferred revenues has a net decrease of $2.1m due to ARPA funds being spent in prior fiscal year.
Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
10/31/2025
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 Continuum of Care 3,800,000
Economic Development 5,400,000
Facility Improvement Projects 14,405,000
Loan to Water Utility 15,000,000
Natural Disaster Recovery 10,000,000
Pleasant Valley Recreation & Park District (Senior Center) 8,000,000 Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue decreased by $1.0m compared to prior fiscal year primarily due to a decrease of $1.0m in investment earnings (due to timing of when interest income is recorded).
Year-to-date expenditures increased by $1.9m compared to prior fiscal year primarily due to an increase of $0.8m in General Government, $0.7m in Public Safety, $0.2m in Public Works, $0.1m in Cultural, Arts & Leisure, and $0.1m in Community Services.
Purchase Market Totals
Investment Summary: $ % Price (G/L) Per Trustee % Yield LAIF Accounts 137,900,000$ 58.10% 137,900,000$ 137,900,000$ 4.10% Securities:
U. S. T-Notes & Bills 63,000,000 26.54% 62,607,129 63,606,825 Agencies 21,233,000 8.94% 20,868,926 21,300,801
Certificates of Deposits 245,000 0.10% 244,020 242,814 Commerical Paper 2,000,000 0.84% 1,941,982 1,985,621
Corporate Notes 9,000,000 3.79% 8,805,460 8,991,480
Asset-Backed Securities 4,000,000 1.69% 4,069,609 4,064,994 Subtotal Securities 99,478,000 41.90% 98,537,126 100,192,535 4.11% Subtotal LAIF Accounts & Securities 237,378,000$ 100.00% 236,437,126 238,092,535 4.09% Accrued Interest 1,861,147
Total Market Value 239,953,682
Total Bond Account Balances 5,063,061 5,063,061
Total Investments 241,500,187$ 245,016,743$
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 November 2025 for settlement in December 2025.
Greg Ramirez, City Manager / Treasurer Date Mark Uribe / Director of Finance Date 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
City of Camarillo
Investment Report
Security Maturities / Totals at Par
November 30, 2025
Compliance Report and Attestations
At Par
1 year or less
67.99%
+1-2 years
11.16% - $26.50m
+2-3 years
9.69% - $23.00m
+3-4 years
9.90% - $23.50m
+4-5 years
1.26% - $3.00m
Other
32.01%
INVESTMENT MATURITY SCHEDULE
Investments have a maturity of five years or less
$161,378,000
$76,000,000
Notes & Bills
26.54% - $63,000,000
LAIF - 58.10%
$137,900,000
Fed. Home Loan Bank
3.37% - $8.00m
Fed. Home Loan MC
0.84% - $2.00m
Fed. Farm Credit
4.73% - $11.23m
Corporate Notes
3.79% - $9.00m
Commercial Paper
0.84% - $2.00m
Certificate of Deposit
0.10% - $245k
Asset-backed Securities
1.69% - $4.00m
Investment by Type
12 / 29 / 2025
12 / 22 / 2025
Market Value Per LAIF
Purchase Balance Balance
Investment Balance Price 10/31/2025 Deposits Withdrawals 11/30/2025 Month Y-T-D Yield Total LAIF 137,900,000 137,900,000 136,500,000 7,300,000 (5,900,000) 137,900,000 - 3,456,720 964,015 4.10% Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 10/31/2025 (Maturities) or (Decr) 11/30/2025 Month Y-T-D Yield U.S. Securities
Corporate Note - Microsoft 3.125% 3/17/22 11/3/25 1,000,000 (1,000,000) - - 15,625 15,625 - 2.36% Commercial Paper - Toyota Motor Corp. 0.000% 3/19/25 11/17/25 1,999,937 (2,000,000) 63 - - - - 4.37% Home Loan Bank 4.500% 2/7/23 12/12/25 2,000,000 2,035,620 2,000,040 - (20) 2,000,020 - - 42,250 3.83% Fed Farm Credit Bank 4.000% 2/7/23 1/13/26 1,233,000 1,239,325 1,232,593 - 308 1,232,901 - 24,660 18,906 3.81% Commercial Paper - MUFG 0.000% 6/3/25 2/2/26 2,000,000 1,941,982 1,979,150 - 6,471 1,985,621 - - - 4.41% Fed Farm Credit Bank 4.375% 2/28/23 2/23/26 2,000,000 1,987,560 2,002,540 - (800) 2,001,740 - 43,750 23,819 4.60% Home Loan Bank 0.960% 5/4/22 3/5/26 2,000,000 1,843,900 1,979,920 - 5,300 1,985,220 - 9,600 4,587 3.14% Corporate Note - Berkshire Hathaway 3.125% 3/17/22 3/15/26 1,000,000 1,018,170 996,670 - 940 997,610 - 15,625 6,597 2.61% Corporate Note - Proctor & Gamble 1.000% 12/21/22 4/23/26 1,000,000 898,650 987,030 - 1,580 988,610 - 5,000 1,056 4.29% Treasury Note 3.625% 9/19/24 5/15/26 2,000,000 1,997,266 1,997,960 - 660 1,998,620 36,250 36,250 3,204 3.71% Fed Farm Credit Bank 4.375% 6/29/23 6/23/26 2,000,000 1,998,760 2,007,280 - (180) 2,007,100 - - 38,403 4.40% Treasury Note 4.500% 11/22/23 7/15/26 2,000,000 1,990,078 2,009,720 - (180) 2,009,540 - 45,000 33,995 4.70% Treasury Note 4.375% 9/19/24 8/15/26 2,000,000 2,027,109 2,009,120 - (80) 2,009,040 - 43,750 25,679 3.63% Fed Farm Credit Bank 4.750% 9/28/23 9/1/26 2,000,000 1,988,240 2,016,200 - (560) 2,015,640 - 47,500 23,750 4.97% Certificate of Deposit 4.250% 9/30/22 9/30/26 245,000 244,020 244,153 - (1,339) 242,814 - 5,249 1,769 4.36% Home Loan MC 0.800% 9/29/22 10/27/26 2,000,000 1,732,400 1,942,700 - 5,800 1,948,500 - 8,000 1,511 4.42% Treasury Note 4.375% 2/14/25 12/15/26 2,000,000 2,000,078 2,013,820 - 1,420 2,015,240 - - 40,403 4.37% Treasury Note 4.000% 4/3/25 1/15/27 2,000,000 2,003,125 2,006,800 - 1,640 2,008,440 - 40,000 30,217 3.91% Treasury Note 4.125% 3/13/25 2/15/27 2,000,000 2,005,469 2,010,700 - 1,720 2,012,420 - 41,250 24,212 3.98% Corporate Bond - Johnson & Johnson 4.500% 4/3/25 3/1/27 1,000,000 1,009,000 1,009,910 - 200 1,010,110 - 23,875 11,250 4.00% Treasury Note 3.875% 7/10/25 3/31/27 2,500,000 2,496,777 2,507,125 - 1,950 2,509,075 - 48,438 16,501 3.95% Corporate Bond - VISA Inc. 1.900% 2/7/22 4/15/27 1,000,000 926,600 973,290 - 3,170 976,460 - 9,500 2,428 3.81% Treasury Note 2.375% 6/29/23 5/15/27 2,000,000 1,869,531 1,962,260 - 4,540 1,966,800 23,750 23,750 2,099 4.22% Home Loan Bank 4.625% 7/18/24 6/11/27 2,000,000 2,018,360 2,026,000 - 1,800 2,027,800 - - 43,681 4.28% Treasury Note 4.375% 3/13/25 7/15/27 2,000,000 2,017,891 2,024,220 - 1,880 2,026,100 - 43,750 33,050 3.97% Continued on next page
City of Camarillo
LAIF Interest
Report on the Local Agency Investment Fund & U.S. Government Securities November 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 10/31/2025 (Maturities) or (Decr) 11/30/2025 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 2,016,520 - 2,660 2,019,180 - 41,250 22,458 4.33% Corporate Bond - Walmart 3.950% 7/10/25 9/9/27 1,000,000 997,580 1,004,270 - 690 1,004,960 - 19,750 8,997 4.07% Treasury Note 3.375% 4/3/25 9/15/27 2,000,000 1,977,422 1,991,180 - 3,580 1,994,760 - 33,750 14,358 3.86% Treasury Note 3.875% 6/3/25 10/15/27 2,000,000 1,998,516 2,009,680 - 3,060 2,012,740 - 38,750 10,007 3.91% Corporate Note - Apple Inc. 3.000% 6/29/23 11/13/27 1,000,000 945,670 987,020 - 2,720 989,740 15,000 15,000 1,500 4.38% Treasury Note 4.125% 7/10/25 11/15/27 2,000,000 2,010,313 2,019,920 - 2,980 2,022,900 41,250 41,250 3,646 3.89% Treasury Note 4.000% 3/13/25 12/15/27 2,000,000 2,001,172 2,016,320 - 3,220 2,019,540 - - 36,940 3.98% Treasury Note 3.500% 11/22/23 1/31/28 2,000,000 1,922,188 1,995,540 - 4,460 2,000,000 - 35,000 23,397 4.53% Treasury Note 4.250% 7/10/25 2/15/28 2,000,000 2,017,891 2,027,740 - 3,900 2,031,640 - 42,500 24,946 3.88% Treasury Note 3.875% 4/3/25 3/15/28 2,000,000 2,001,172 2,012,660 - 4,300 2,016,960 - 38,750 16,485 3.85% Treasury Note 3.500% 2/14/25 4/30/28 2,000,000 1,946,016 1,995,000 - 5,320 2,000,320 - 35,000 5,994 4.41% Treasury Note 2.875% 1/22/25 5/15/28 2,000,000 1,909,219 1,964,840 - 6,180 1,971,020 28,750 28,750 2,541 4.36% Corporate Bond - CME Group Inc. 3.750% 9/16/25 6/15/28 1,000,000 1,000,560 997,550 - 2,870 1,000,420 - - 17,292 3.73% Treasury Note 4.125% 1/22/25 7/31/28 2,000,000 1,984,297 2,026,640 - 5,480 2,032,120 - 41,250 27,575 4.37% Treasury Note 2.875% 1/22/25 8/15/28 2,000,000 1,901,953 1,961,260 - 7,420 1,968,680 - 28,750 16,875 4.37% Treasury Note 4.625% 5/30/24 9/30/28 2,000,000 1,994,375 2,055,780 - 5,000 2,060,780 - 46,250 15,755 4.70% Treasury Note 4.875% 3/22/24 10/31/28 2,000,000 2,043,594 2,070,540 - 4,920 2,075,460 - 48,750 8,349 4.35% Treasury Note 4.375% 3/22/24 11/30/28 2,000,000 2,003,906 2,043,360 - 5,860 2,049,220 - - 240 4.33% Treasury Note 3.750% 3/22/24 12/31/28 2,000,000 1,950,469 2,007,180 - 7,200 2,014,380 - - 31,386 4.33% Treasury Note 4.000% 3/22/24 1/31/29 2,000,000 1,972,578 2,022,120 - 6,640 2,028,760 - 40,000 26,739 4.32% Treasury Note 5.250% 5/21/24 2/15/29 2,000,000 2,072,813 2,104,380 - 4,440 2,108,820 - 52,500 30,815 4.39% Treasury Note 4.125% 6/27/24 3/31/29 2,000,000 1,985,469 2,030,860 - 6,560 2,037,420 - 41,250 14,052 4.29% Asset-Backed Security - Amex 5.230% 10/30/25 4/15/29 2,000,000 2,041,016 2,036,934 - 1,438 2,038,372 8,717 8,717 4,649 3.81% Corporate Bond - BNY Mellon 4.729% 9/16/25 4/20/29 1,000,000 1,019,760 1,015,920 - 1,810 1,017,730 - 23,382 5,386 3.92% Treasury Note 4.500% 2/14/25 5/31/29 2,000,000 2,002,188 2,056,400 - 6,960 2,063,360 - - 247 4.47% Home Loan Bank 4.625% 7/18/24 6/8/29 2,000,000 2,041,960 2,064,420 - 6,820 2,071,240 - - 44,451 4.14% Treasury Note 3.125% 9/16/25 8/31/29 2,000,000 1,967,188 1,961,400 - 9,000 1,970,400 - - 15,884 3.57% Fed Farm Credit Bank 3.500% 9/20/24 9/10/29 2,000,000 1,999,260 1,987,080 - 4,380 1,991,460 - 35,000 15,750 3.51% Treasury Note 4.000% 7/10/25 10/31/29 2,500,000 2,504,883 2,504,774 - 9,974 2,514,749 - 49,500 8,478 3.95% Treasury Note 4.000% 9/16/25 10/31/29 2,000,000 2,032,188 2,049,361 - 8,161 2,057,522 - 40,500 6,936 3.58% Corporate Bond - Alphabet Inc. 4.000% 6/3/25 5/15/30 1,000,000 989,470 1,003,300 - 2,540 1,005,840 21,556 21,556 1,778 4.24% Asset-Backed Security - Wells Fargo 4.340% 10/30/25 5/15/30 2,000,000 2,028,594 2,022,269 - 4,353 2,026,622 7,233 7,233 3,858 4.34% - - - - - - - 128,590 - -
Total U.S. Securities 99,478,000 98,537,126 103,001,356 (3,000,000) 191,179 100,192,535 198,131 1,513,549 897,133 4.11% Grand Total - LAIF & U.S. Securities 237,378,000 236,437,126 239,501,356 4,300,000 (5,708,821) 238,092,535 198,131 4,970,270 1,861,147 4.09% At 11/30/2025, the City's average earnings rate on all investments listed above was 4.09%, LAIF earnings rate was 4.10%, while 4.11% 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 238,092,535$ Security Type Par Purchase Price (1) Gain / (Loss) Net = (1) + (2) Total Accrued Interest 1,861,147 Corporate Note - Microsoft 1,000,000 1,024,730 (24,730) 100,270 239,953,682$ Commercial Paper - Toyota Motor Corp. 2,000,000 1,942,760 57,240 57,240 Fiscal Year Received
(2) Total Interest Earned
125,000
Accrued
Interest
Securities Interest
-
FY 2025/26 Interest Prior to 11/2025 for Matured/Called Securities
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 @ November 30, 2025 3,005,365 9,895,000 6,900,000 25,010,000 3,685,000 11,760,000 - Next Principal Payment Due
Principal Payment Amount 396,380 705,000 315,000 785,000 355,000 880,000 - Principal Payment Due Date 09/01/26 09/01/26 09/01/26 09/01/26 12/01/25 06/01/26 - Next Two Interest Payments Due
1st Installment Amount 36,816 246,838 139,816 524,700 70,131 211,997 - 1st Installment Due 03/01/26 03/01/26 03/01/26 03/01/26 12/01/25 12/01/25 - 2nd Installment Amount 36,816 246,838 139,816 524,700 63,919 211,997 - 2nd Installment Due 09/01/26 09/01/26 09/01/26 09/01/26 6/01/26 6/01/26 - Type of Investment Total
U.S. Bank 5,063,061 65,808 1,400,031 594,785 1,858,910 923,487 211,997 8,043 Total Investments per Bank 5,063,061 65,808 1,400,031 594,785 1,858,910 923,487 211,997 8,043 City of Camarillo
Investment Report of Bond Account Balances
November 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 October 31 Beginning Balance 48,400,000 $ 46,900,000$ 41,200,000$ 136,500,000$ 102,478,000$ 238,978,000$ November 3 Matured Security - - - - (1,000,000) (1,000,000) November 4 LAIF Wire - - 2,300,000 2,300,000 - 2,300,000 November 6 LAIF Wire (300,000) - - (300,000) - (300,000) November 10 LAIF Wire - - 700,000 700,000 - 700,000 November 12 LAIF Wire (600,000) - - (600,000) - (600,000) November 13 LAIF Wire (500,000) - - (500,000) - (500,000) November 17 Matured Security - - - - (2,000,000) (2,000,000) November 18 LAIF Wire - - 3,000,000 3,000,000 - 3,000,000 November 20 LAIF Wire - - (4,000,000) (4,000,000) - (4,000,000) November 21 LAIF Wire - - 1,300,000 1,300,000 - 1,300,000 November 25 LAIF Wire (500,000) - - (500,000) - (500,000) (1,900,000) - 3,300,000 1,400,000 (3,000,000) (1,600,000) November 30 Ending Balance 46,500,000 $ 46,900,000$ 44,500,000$ 137,900,000$ 99,478,000$ 237,378,000$ Subtotal of Incr. / <Decr.> in A/C Balances
City of Camarillo
Chronological Investment Activity Report - At Par
For the Month Ended November 30, 2025
(Bond Proceeds Accounts Excluded)
Date
City of Camarillo Cons Account | Account #285 | As of November 30, 2025 Execution Time: 12/03/2025 05:47:22 PM 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*
Average Modified Duration 0.77
Average Coupon 3.95%
Average Purchase YTM 4.10%
Average Market YTM 3.88%
Average Credit Quality* AA+
Average Final Maturity 0.87
Average Life 0.83
End Values as of
10/31/2025
End Values as of
11/30/2025
Market Value 240,014,448.80 239,148,384.54
Accrued Interest 872,355.37 897,132.84
Total Market Value 240,886,804.17 240,045,517.38
Income Earned 1,963,061.24 222,908.03
Cont/WD (5,878,272.90) (1,798,130.56)
Par 239,476,014.18 238,430,764.97
Book Value 238,502,630.05 237,489,890.84
Cost Value 238,502,630.05 237,489,890.84
LAIF 57.66%
United States 26.60%
Farm Credit System 4.71%
Federal Home Loan Banks 3.38%
American Express Credit Master Trust 0.85%
WF Card Issuance Trust 0.85%
Mitsubishi UFJ Financial Group, Inc. 0.83%
Federal Home Loan Mortgage Corp 0.81%
*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 4.31% Total 100.00%
Preliminary Preliminary Final
October November November Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 101,470,551$ 99,115,899$ 96,116,711$ 2,999,188$ 3.12 % Restricted cash 8,755,038 8,765,314 8,098,715 666,599 8.23 Accounts receivable, net 1,527,027 1,529,321 911,814 617,507 (1) 67.72 Prepaid items 2,012,215 1,771,539 1,799,099 (27,560) (1.53) Deposits 125,000 125,000 125,000 - - Total Assets 113,889,831$ 111,307,073$ 107,051,339$ 4,255,734$ 3.98 % Liabilities:
Accounts payable 163,764$ 62,851$ 1,575$ 61,276$ (2) 3,890.56 % Wages & payroll taxes payable 326,445 379,059 275,206 103,853 (3) 37.74 Deposit & deferred revenues 534,844 535,905 2,607,062 (2,071,157) (4) (79.44) Total Liabilities 1,025,053 977,815 2,883,843 (1,906,028) (66.09) Fund Balance:
Nonspendable 2,137,215 1,896,539 1,924,099 (27,560) (1.43) Restricted 8,980,865 8,988,606 (5) 8,319,970 668,636 8.04 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 7,686,818 6,889,852 5,886,636 1,003,216 17.04 Unassigned 4,170,967 2,665,348 - 2,665,348 - Total Fund Balance 112,864,778 110,329,258 104,167,496 6,161,762 5.92 Total Liabilities and Fund Balance 113,889,831$ 111,307,073$ 107,051,339$ 4,255,734$ 3.98 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 8,424,027 10,699,441 12,053,021 (1,353,580) (7) (11.23) Interfund Transfers-in 538,730 538,730 729,501 (190,771) (26.15) Total Revenues & Transfers-in 8,962,757 11,238,171 12,782,523 (1,544,351) (12.08) Expenditures 15,142,795 19,953,729 17,727,646 (2,226,083) (8) 12.56 Interfund Transfers-out 500 500 410,300 409,800 (99.88) Total Expenditures & Transfers-out15,143,295 19,954,229 18,137,946 (1,816,283) 10.01 Total Fund Balance 112,864,778$ 110,329,258$ 104,167,496$ 6,161,762 $ 5.92 % (1)
(2)
(3)
(4)
(5)
(6)
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
(7)
(8) Year-to-date expenditures increased by $2.2m compared to prior fiscal year primarily due to an increase of $0.9m in Public Safety, $0.8m in General Government, $0.3m in Cultural, Arts & Leisure, $0.1m in Public Works, and $0.1m in Community Services.
Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue decreased by $1.4m compared to prior fiscal year primarily due to a decrease of $0.8m in sales taxes, $0.4m in internal service charges, and $0.2m in state operating grants.
Loan to Water Utility 15,000,000
Natural Disaster Recovery 10,000,000
Pleasant Valley Recreation & Park District (Senior Center) 8,000,000 Continuum of Care 3,800,000
Economic Development 5,400,000
Facility Improvement Projects 14,405,000
Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
11/30/2025
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.3m PARS Trust balance, $0.5m economic development loans, and $0.2m CASp fee.
Liabilities and Fund Balance:
Wages & payroll taxes payable is higher than prior fiscal year primarily due to timing of when payroll and payroll related liabilities are recorded.
City of Camarillo
General Fund
Comparative Balance Sheet
October 31 and November 30, 2025, and November 30, 2024 - Preliminary Year over Year
Accounts receivable is higher than prior fiscal year primarily due to Permanent Local Housing Allocation (PLHA) loan distributions to qualified local residents.
Accounts payable is higher than prior fiscal year primarily due to normal fluctuations during the fiscal year.
The Deposit and deferred revenues has a net decrease of $2.1m due to remaining ARPA funds being fully spent in prior fiscal year.
Purchase Market Totals
Investment Summary: $ % Price (G/L) Per Trustee % Yield LAIF Accounts 136,200,000$ 55.90% 136,200,000$ 136,200,000$ 4.03% Securities:
U. S. T-Notes & Bills 70,000,000 28.73% 69,656,427 70,627,055 Agencies 19,233,000 7.89% 18,833,305 19,308,542
Certificates of Deposits 245,000 0.10% 244,020 245,866 Commerical Paper 2,000,000 0.82% 1,941,982 1,993,263
Corporate Notes 10,000,000 4.10% 9,808,210 10,000,120
Asset-Backed Securities 5,000,000 2.05% 5,076,641 5,072,394 Collaterized Mortage-Backed Securities 1,000,000 0.41% 998,867 998,061 Subtotal Securities 107,478,000 44.10% 106,559,452 108,245,301 4.08% Subtotal LAIF Accounts & Securities 243,678,000$ 100.00% 242,759,452 244,445,301 4.03% Accrued Interest 2,359,661
Total Market Value 246,804,962
Total Bond Account Balances 4,432,035 4,432,035
Total Investments 247,191,487$ 251,236,997$
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 December 2025 for settlement in January 2026.
Greg Ramirez, City Manager / Treasurer Date Mark Uribe / Director of Finance Date 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
City of Camarillo
Investment Report
Security Maturities / Totals at Par
December 31, 2025
Compliance Report and Attestations
At Par
1 year or less
65.52%
+1-2 years
10.88% - $26.50m
+2-3 years
11.29% - $27.50m
+3-4 years
11.08% - $27.00m
+4-5 years
1.23% - $3.00m
Other
34.48%
INVESTMENT MATURITY SCHEDULE
Investments have a maturity of five years or less
$159,678,000
$84,000,000
Notes & Bills
28.73% - $70,000,000
LAIF - 55.90%
$136,200,000
Fed. Home Loan Bank
2.05% - $6.00m
Fed. Home Loan MC
0.82% - $2.00m
Fed. Farm Credit
4.61% - $11.23m
Corporate Notes
4.10% - $10.00m
Commercial Paper
0.82% - $2.00m
Certificate of Deposit
0.10% - $245k
Asset-Backed Securities
2.05% - $5.00m
Collaterized Mortage-
Backed Securities
0.82% - $1.00m
Investment by Type
01 / 14 / 2026
01 / 13 / 2026
Market Value Per LAIF
Purchase Balance Balance
Investment Balance Price 11/30/2025 Deposits Withdrawals 12/31/2025 Month Y-T-D Yield Total LAIF 136,200,000 136,200,000 137,900,000 11,600,000 (13,300,000) 136,200,000 - 3,456,720 1,416,319 4.03% Maturity or Market Value Per Trustee
Interest Purchase Call Purchase Balance Purchases Market Incr. Balance Investment Rate Date Date Par Value Price 11/30/2025 (Maturities) or (Decr) 12/31/2025 Month Y-T-D Yield U.S. Securities
Home Loan Bank 4.500% 2/7/23 12/12/25 2,000,020 (2,000,000) (20) - 45,000 45,000 3.83% Fed Farm Credit Bank 4.000% 2/7/23 1/13/26 1,233,000 1,239,325 1,232,901 - 222 1,233,123 - 24,660 23,016 3.81% Commercial Paper - MUFG 0.000% 6/3/25 2/2/26 2,000,000 1,941,982 1,985,621 - 7,642 1,993,263 - - - 4.41% Fed Farm Credit Bank 4.375% 2/28/23 2/23/26 2,000,000 1,987,560 2,001,740 - (100) 2,001,640 - 43,750 31,111 4.60% Home Loan Bank 0.960% 5/4/22 3/5/26 2,000,000 1,843,900 1,985,220 - 5,760 1,990,980 - 9,600 6,187 3.14% Corporate Note - Berkshire Hathaway 3.125% 3/17/22 3/15/26 1,000,000 1,018,170 997,610 - 770 998,380 - 15,625 9,201 2.61% Corporate Note - Proctor & Gamble 1.000% 12/21/22 4/23/26 1,000,000 898,650 988,610 - 3,000 991,610 - 5,000 1,889 4.29% Treasury Note 3.625% 9/19/24 5/15/26 2,000,000 1,997,266 1,998,620 - 1,920 2,000,540 - 36,250 9,413 3.71% Fed Farm Credit Bank 4.375% 6/29/23 6/23/26 2,000,000 1,998,760 2,007,100 - 100 2,007,200 43,750 43,750 1,944 4.40% Treasury Note 4.500% 11/22/23 7/15/26 2,000,000 1,990,078 2,009,540 - 720 2,010,260 - 45,000 41,576 4.70% Treasury Note 4.375% 9/19/24 8/15/26 2,000,000 2,027,109 2,009,040 - 420 2,009,460 - 43,750 33,050 3.63% Fed Farm Credit Bank 4.750% 9/28/23 9/1/26 2,000,000 1,988,240 2,015,640 - (900) 2,014,740 - 47,500 31,667 4.97% Certificate of Deposit 4.250% 9/30/22 9/30/26 245,000 244,020 242,814 - 3,052 245,866 - 5,249 2,653 4.36% Home Loan MC 0.800% 9/29/22 10/27/26 2,000,000 1,732,400 1,948,500 - 6,660 1,955,160 - 8,000 2,844 4.42% Treasury Note 4.375% 2/14/25 12/15/26 2,000,000 2,000,078 2,015,240 - 480 2,015,720 43,750 43,750 4,087 4.37% Treasury Note 4.000% 4/3/25 1/15/27 2,000,000 2,003,125 2,008,440 - 1,200 2,009,640 - 40,000 36,957 3.91% Treasury Note 4.125% 3/13/25 2/15/27 2,000,000 2,005,469 2,012,420 - 780 2,013,200 - 41,250 31,162 3.98% Corporate Bond - Johnson & Johnson 4.500% 4/3/25 3/1/27 1,000,000 1,009,000 1,010,110 - 220 1,010,330 - 23,875 15,000 4.00% Treasury Note 3.875% 7/10/25 3/31/27 2,500,000 2,496,777 2,509,075 - 1,875 2,510,950 - 48,438 24,751 3.95% Corporate Bond - VISA Inc. 1.900% 2/7/22 4/15/27 1,000,000 926,600 976,460 - 3,070 979,530 - 9,500 4,011 3.81% Treasury Note 2.375% 6/29/23 5/15/27 2,000,000 1,869,531 1,966,800 - 3,120 1,969,920 - 23,750 6,167 4.22% Home Loan Bank 4.625% 7/18/24 6/11/27 2,000,000 2,018,360 2,027,800 - 400 2,028,200 46,250 46,250 5,139 4.28% Treasury Note 4.375% 3/13/25 7/15/27 2,000,000 2,017,891 2,026,100 - 620 2,026,720 - 43,750 40,421 3.97% Continued on next page
City of Camarillo
LAIF Interest
Report on the Local Agency Investment Fund & U.S. Government Securities December 31, 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 11/30/2025 (Maturities) or (Decr) 12/31/2025 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 2,019,180 - 700 2,019,880 - 41,250 29,333 4.33% Corporate Bond - Walmart 3.950% 7/10/25 9/9/27 1,000,000 997,580 1,004,960 - 800 1,005,760 - 19,750 12,289 4.07% Treasury Note 3.375% 4/3/25 9/15/27 2,000,000 1,977,422 1,994,760 - 1,720 1,996,480 - 33,750 20,138 3.86% Treasury Note 3.875% 6/3/25 10/15/27 2,000,000 1,998,516 2,012,740 - 860 2,013,600 - 38,750 16,607 3.91% Corporate Note - Apple Inc. 3.000% 6/29/23 11/13/27 1,000,000 945,670 989,740 - 790 990,530 - 15,000 4,000 4.38% Treasury Note 4.125% 7/10/25 11/15/27 2,000,000 2,010,313 2,022,900 - 140 2,023,040 - 41,250 10,711 3.89% Treasury Note 4.000% 3/13/25 12/15/27 2,000,000 2,001,172 2,019,540 - 140 2,019,680 40,000 40,000 3,736 3.98% Treasury Note 3.500% 11/22/23 1/31/28 2,000,000 1,922,188 2,000,000 - 700 2,000,700 - 35,000 29,293 4.53% Treasury Note 4.250% 7/10/25 2/15/28 2,000,000 2,017,891 2,031,640 - (780) 2,030,860 - 42,500 32,106 3.88% Treasury Note 3.875% 4/3/25 3/15/28 2,000,000 2,001,172 2,016,960 - (480) 2,016,480 - 38,750 23,122 3.85% Treasury Note 3.500% 2/14/25 4/30/28 2,000,000 1,946,016 2,000,320 - (240) 2,000,080 - 35,000 11,989 4.41% Treasury Note 2.875% 1/22/25 5/15/28 2,000,000 1,909,219 1,971,020 - 940 1,971,960 - 28,750 7,465 4.36% Corporate Bond - CME Group Inc. 3.750% 9/16/25 6/15/28 1,000,000 1,000,560 1,000,420 - 670 1,001,090 18,750 18,750 1,667 3.73% Treasury Note 4.125% 1/22/25 7/31/28 2,000,000 1,984,297 2,032,120 - (1,720) 2,030,400 - 41,250 34,524 4.37% Treasury Note 2.875% 1/22/25 8/15/28 2,000,000 1,901,953 1,968,680 - (240) 1,968,440 - 28,750 21,719 4.37% Treasury Note 4.625% 5/30/24 9/30/28 2,000,000 1,994,375 2,060,780 - (3,600) 2,057,180 - 46,250 23,633 4.70% Collaterized Mortage-Backed Securities 3.780% 12/9/25 10/25/28 1,000,000 998,867 - 998,867 (807) 998,061 - - 3,150 3.76% Treasury Note 4.875% 3/22/24 10/31/28 2,000,000 2,043,594 2,075,460 - (3,900) 2,071,560 - 48,750 16,699 4.35% Treasury Note 3.500% 12/9/25 11/15/28 2,500,000 2,496,680 - 2,496,680 1,370 2,498,050 - - 11,360 3.55% Corporate Bond - Amazon 3.900% 12/9/25 11/20/28 1,000,000 1,002,750 - 1,002,750 760 1,003,510 - - 4,442 3.80% Treasury Note 4.375% 3/22/24 11/30/28 2,000,000 2,003,906 2,049,220 - (3,120) 2,046,100 43,750 43,750 7,692 4.33% Treasury Note 3.750% 3/22/24 12/31/28 2,000,000 1,950,469 2,014,380 - (2,260) 2,012,120 37,500 37,500 207 4.33% Treasury Note 4.000% 3/22/24 1/31/29 2,000,000 1,972,578 2,028,760 - (2,500) 2,026,260 - 40,000 33,478 4.32% Treasury Note 5.250% 5/21/24 2/15/29 2,000,000 2,072,813 2,108,820 - (4,520) 2,104,300 - 52,500 39,660 4.39% Treasury Note 4.125% 6/27/24 3/31/29 2,000,000 1,985,469 2,037,420 - (3,360) 2,034,060 - 41,250 21,078 4.29% Asset-Backed Security - Amex 5.230% 10/30/25 4/15/29 2,000,000 2,041,016 2,038,372 - (474) 2,037,898 8,717 17,433 4,649 3.81% Corporate Bond - BNY Mellon 4.729% 9/16/25 4/20/29 1,000,000 1,019,760 1,017,730 - (1,270) 1,016,460 - 23,382 9,327 3.92% Treasury Note 4.500% 2/14/25 5/31/29 2,000,000 2,002,188 2,063,360 - (4,840) 2,058,520 45,000 45,000 7,912 4.47% Home Loan Bank 4.625% 7/18/24 6/8/29 2,000,000 2,041,960 2,071,240 - (4,680) 2,066,560 46,250 46,250 5,910 4.14% Treasury Note 4.000% 12/9/25 7/31/29 2,500,000 2,534,180 - 2,534,180 (480) 2,533,700 - - 41,848 3.60% Treasury Note 3.125% 9/16/25 8/31/29 2,000,000 1,967,188 1,970,400 - (3,060) 1,967,340 - - 21,236 3.57% Fed Farm Credit Bank 3.500% 9/20/24 9/10/29 2,000,000 1,999,260 1,991,460 - (400) 1,991,060 - 35,000 21,583 3.51% Asset-Backed Security - Hyundai 4.320% 12/9/25 10/15/29 1,000,000 1,007,031 - 1,007,031 443 1,007,474 3,600 3,600 1,920 3.89% Treasury Note 4.000% 7/10/25 10/31/29 2,500,000 2,504,883 2,514,749 - (5,816) 2,508,932 - 49,500 16,956 3.95% Treasury Note 4.000% 9/16/25 10/31/29 2,000,000 2,032,188 2,057,522 - (4,759) 2,052,763 - 40,500 13,873 3.58% Treasury Note 3.875% 12/9/25 11/30/29 2,000,000 2,018,438 - 2,018,438 (398) 2,018,040 - - 6,813 3.62% Corporate Bond - Alphabet Inc. 4.000% 6/3/25 5/15/30 1,000,000 989,470 1,005,840 - (2,920) 1,002,920 - 21,556 5,111 4.24% Asset-Backed Security - Wells Fargo 4.340% 10/30/25 5/15/30 2,000,000 2,028,594 2,026,622 - 399 2,027,022 7,233 14,467 3,858 4.34% - - - - - - - 144,215 - -
Total U.S. Securities 107,478,000 106,559,452 100,192,535 8,057,946 (5,180) 108,245,301 429,550 1,943,099 943,343 4.08% Grand Total - LAIF & U.S. Securities 243,678,000 242,759,452 238,092,535 19,657,946 (13,305,180) 244,445,301 429,550 5,399,820 2,359,661 4.03% At 12/31/2025, the City's average earnings rate on all investments listed above was 4.03%, LAIF earnings rate was 4.03%, while 4.08% 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 244,445,301$ Security Type Par Purchase Price (1) Gain / (Loss) Net = (1) + (2) Total Accrued Interest 2,359,661 Home Loan Bank 2,000,000 2,035,620 (35,620) 199,130 246,804,962$ Fiscal Year Received
(2) Total Interest Earned
234,750
Accrued
Interest
Securities Interest
FY 2025/26 Interest Prior to 12/2025 for Matured/Called Securities
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 @ December 31, 2025 3,005,365 9,895,000 6,900,000 25,010,000 3,330,000 11,760,000 - Next Principal Payment Due
Principal Payment Amount 396,380 705,000 315,000 785,000 365,000 880,000 - Principal Payment Due Date 09/01/26 09/01/26 09/01/26 09/01/26 12/01/26 06/01/26 - Next Two Interest Payments Due
1st Installment Amount 36,816 246,838 139,816 524,700 63,919 211,997 - 1st Installment Due 03/01/26 03/01/26 03/01/26 03/01/26 06/01/26 06/01/26 - 2nd Installment Amount 36,816 246,838 139,816 524,700 63,919 189,997 - 2nd Installment Due 09/01/26 09/01/26 09/01/26 09/01/26 12/01/26 12/01/26 - Type of Investment Total
U.S. Bank 4,432,035 65,808 1,404,158 594,788 1,858,918 500,144 152 8,067 Total Investments per Bank 4,432,035 65,808 1,404,158 594,788 1,858,918 500,144 152 8,067 City of Camarillo
Investment Report of Bond Account Balances
December 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 November 30 Beginning Balance 46,500,000$ 46,900,000$ 44,500,000$ 137,900,000$ 99,478,000$ 237,378,000$ December 1 LAIF Wire - (400,000) - (400,000) - (400,000) December 5 LAIF Wire - - 600,000 600,000 - 600,000 December 8 LAIF Wire (10,000,000) - - (10,000,000) - (10,000,000) December 9 Purchased Six Securities - - - - 10,000,000 10,000,000 December 9 LAIF Wire 500,000 - - 500,000 - 500,000 December 11 LAIF Wire - (1,300,000) - (1,300,000) - (1,300,000) December 12 Matured Security - - - - (2,000,000) (2,000,000) December 15 LAIF Wire 2,500,000 - - 2,500,000 - 2,500,000 December 18 LAIF Wire - (500,000) - (500,000) - (500,000) December 26 LAIF Wire 6,000,000 - - 6,000,000 - 6,000,000 December 29 LAIF Wire - - 2,000,000 2,000,000 - 2,000,000 December 31 LAIF Wire - (1,100,000) - (1,100,000) - (1,100,000) (1,000,000) (3,300,000) 2,600,000 (1,700,000) 8,000,000 6,300,000 December 31 Ending Balance 45,500,000 $ 43,600,000$ 47,100,000$ 136,200,000$ 107,478,000$ 243,678,000$ Subtotal of Incr. / <Decr.> in A/C Balances
City of Camarillo
Chronological Investment Activity Report - At Par
For the Month Ended December 31, 2025
(Bond Proceeds Accounts Excluded)
Date
City of Camarillo Cons Account | Account #285 | As of December 31, 2025
PORTFOLIO SUMMARY
Account Summary
Credit Quality*
0.83 3.88%
3.81%
AA+
0.90 End Values as of
11/30/2025
End Values as of
12/31/2025
Accrued Interest
Total Market Value 240,045,517.38 246,781,611.14
Income Earned 222,908.03
LAIF
United States
Farm Credit System
0.83%
0.82%
0.81%
0.80%
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 5.56%
Total 100.00%
Preliminary Preliminary Final
November December December Positive Increase
2025 2025 2024 (Negative) (Decrease)
Assets:
Cash and investments 98,791,501$ 106,045,371$ 100,196,425$ 5,848,946$ 5.84 % Restricted cash 8,801,217 8,801,217 7,920,967 880,250 11.11 Accounts receivable, net 1,529,914 1,553,439 952,237 601,202 (1) 63.14 Prepaid items 1,771,539 1,653,699 1,569,495 84,204 5.37 Deposits 125,000 125,000 125,000 - - Total Assets 111,019,171$ 118,178,726$ 110,764,124$ 7,414,602$ 6.69 % Liabilities:
Accounts payable 62,850$ 11,954$ 1,575$ 10,379$ (2) 659.01 % Wages & payroll taxes payable 379,059 782,141 154,888 627,253 (3) 404.97 Deposit & deferred revenues 535,909 538,532 2,607,136 (2,068,604) (4) (79.34) Total Liabilities 977,818 1,332,627 2,763,599 (1,430,972) (51.78) Fund Balance:
Nonspendable 1,896,539 1,778,699 1,694,495 84,204 4.97 Restricted 9,024,509 9,021,669 (5) 8,142,222 879,447 10.80 Committed 89,888,913 89,888,913 (6) 88,036,791 1,852,122 2.10 Assigned 6,889,852 5,658,702 6,032,021 (373,319) (6.19) Unassigned 2,341,540 10,498,116 4,094,996 6,403,120 156.36 Total Fund Balance 110,041,353 116,846,099 108,000,525 8,845,574 8.19 Total Liabilities and Fund Balance 111,019,171$ 118,178,726$ 110,764,124$ 7,414,602$ 6.69 % - - -
Fund Balance:
Beginning Balance on July 1 119,045,316$ 119,045,316$ 109,522,919$ 9,522,397 $ 8.69 Revenues 10,881,460 20,180,907 20,097,128 83,779 (7) 0.42 Interfund Transfers-in 538,730 699,187 915,269 (216,082) (23.61) Total Revenues & Transfers-in 11,420,190 20,880,094 21,012,398 (132,303) (0.63) Expenditures 20,009,253 22,664,411 22,124,492 (539,919) (8) 2.44 Interfund Transfers-out 414,900 414,900 410,300 (4,600) 1.12 Total Expenditures & Transfers-out20,424,153 23,079,311 22,534,792 (544,519) 2.42 Total Fund Balance 110,041,353$ 116,846,099$ 108,000,525$ 8,845,574 $ 8.19 % (1)
(2)
(3)
(4)
(5)
(6)
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
(7)
(8) Year-to-date expenditures increased by $0.5m compared to prior fiscal year primarily due to an increase of $0.6m in Streets & Highways, partially offset by a decerease of $0.1m in Community Services.
Unfunded Accrued Liability PRSP Trust Fund 1,400,000
Total Commitment $89,888,913
Year-to-date revenue is comparable to prior fiscal year.
Loan to Water Utility 15,000,000
Natural Disaster Recovery 10,000,000
Pleasant Valley Recreation & Park District (Senior Center) 8,000,000 Continuum of Care 3,800,000
Economic Development 5,400,000
Facility Improvement Projects 14,405,000
Pursuant to GASB 54, City Council adopted a Resolution committing $89.9m of the General Fund balance for the fiscal year ending June 30, 2025 as listed in the table below:
GASB 54 Commitment of Fund Balance
Remaining @
12/31/2025
31,683,913$
Camarillo Springs Debris Barrier Remediation Maintenance 200,000 The Restricted fund balance includes $8.3m PARS Trust balance, $0.5m economic development loans, and $0.2m CASp fee.
Liabilities and Fund Balance:
Wages & payroll taxes payable is higher than prior fiscal year primarily due to timing of when payroll and payroll related liabilities are recorded.
City of Camarillo
General Fund
Comparative Balance Sheet
November 30 and December 31, 2025, and December 31, 2024 - Preliminary Year over Year
Accounts receivable is higher than prior fiscal year primarily due to Permanent Local Housing Allocation (PLHA) loan distributions to qualified local residents.
Accounts payable is higher than prior fiscal year primarily due to higher contract retention payable in current fiscal year.
The Deposit and deferred revenues has a net decrease of $2.1m due to remaining ARPA funds being fully spent in prior fiscal year.