1 ADMINISTRATIVE STAFF REPORT 8.3
TO: Mayor and Town Council July 21, 2026
SUBJECT: May 2026 Month End Treasurer’ s Report
BACKGROUND
The California Government Code and the Town of Danville’ s Investment Policy require that a report specifying the investment activity during the month, as well as the month-end investment balances, be prepared and presented to the Town Council on a monthly basis.
DISCUSSION
Beginning and Ending Cash and Investment Balances for the month of May 2026:
Apr May Apr May
2026 2026 2026 2026
Town Funds $ 123,793,481 $ 130,192,336 $ 124,865,015 $ 131,064,234 Trust Funds 1,670,508 1,878,363 1,670,508 1,878,363
Assessment & SA 1,334,394 1,332,794 1,336,227 1,334,640 Total Cash & Investments $ 126,798,383 $ 133,403,493 $ 127,871,750 $ 134,277,237 Total Cash & Investments
Year-to-Year Comparison
2025 $ 120,912,185 $ 121,009,674 $ 122,519,000 $ 122,210,293 Cost Basis Market Value
Purchases for the month of May 2026 consisted of one U.S. Treasury for $1,965,078 maturity date May 31, 2030), and one Eli Lilly and Co. for $269,841 (maturity date May 20, 2029).
There were no purchases for the NERIAD Fund for the month of May 2026.
Maturities for the month of May 2026 included one U.S. Treasury for $1,937,734.
Partial maturities (principal paid down) for the month of May 2026 included one Federal Home Loan mortgage Corporation K-063 A2 for $ 2,395, one Federal Home Loan Mortgage Corporation K-074 A2 for $ 1,919, one Federal Home Loan Mortgage Corporation K-066 A2 for $1,631, one Federal Home Loan Mortgage Corporation K-069 May 2026 Treasurer’ s Report 2 July 21, 2026
A2 for $2,054, one Toyota Auto Receivables Trust 2023-D A3 for $12,736, one BMW Vehicle Owner Trust 2023-A A3 for $6,717, and one BMW Vehicle Owner Trust 2024-A A3 for $24,378.
There were no maturities for NERIAD Fund for the month of May 2026.
The Town’ s net cash position changed from $23,210,267 to $29,370,707 during the month of May 2026. This consisted of operating revenues in excess of operating expenses of 6,159,247, net funds invested of $245,356, premium/ discount recognition of $33,561 and interest received of $212,987.
Cash requirements have been projected for the next 12 months, and the Town is in a position to meet its cash requirements.
All investments that the Town owns are in compliance with the California Government Code and the Town’ s Investment Policy.
PUBLIC CONTACT
Posting of the meeting agenda serves as notice to the general public.
RECOMMENDATION
Accept the May 2026 Month End Treasurer’ s Report.
Prepared by:
Lani Ha
Finance Director/ Treasurer
Reviewed by:
Tai J. Williams
Town Manager
Attachment: May 2026 Month End Treasurer’ s Report
Town of Danville
Treasurer' s Report of Investments - Summary
May 31, 2026
Yield to
Description Par Value Cost Market Value % Total Maturity
TOWN FUNDS
U.S. Treasury Obligations 49,400,000$ 48,393,795$ 48,716,320$ 37% 3.98% Federal Agency Issues 18,250,000 18,201,818 18,244,944 14% 4.24% Cash Equivalents 29,370,707 29,370,707 29,370,707 22% 3.66% Collateralized Mortgage Obligation 8,778,882 8,446,414 8,677,201 7% 4.48% Asset-Backed Securities 4,563,843 4,563,176 4,582,931 3% 4.90% Commercial Paper 0 0 0 0% 0.00%
Negotiable CD 0 0 0 0% 0.00%
Supranational 3,425,000 3,382,970 3,414,331 3% 4.30%
US Corporate 18,120,000 17,833,456 18,057,800 14% 4.57% Total / Weighted Average 131,908,432$ 130,192,336$ 131,064,234$ 100% 4.11% Maturities
0 - 30 Days 32,369,939$ 25%
31-60 0 0%
61 - 90 4,771,970 4%
91 - 120 0 0%
121 - 180 6,543,555 5%
181 - 270 4,321,520 3%
271 - 365 6,531,951 5%
1 - 2 Years 25,660,801 20%
2 - 3 27,991,766 21%
3 - 5 22,872,732 17%
Over 5 Years 0 0%
131,064,234$ 100%
Total / Weighted Average
Town Funds Weighted Average Quality isAAA
Town of Danville
Treasurer' s Report of Investments - Summary
May 31, 2026
Description Par Value Cost Market Value % Total
TRUST FUND
Cash Equivalents 1,878,363$ 1,878,363$ 1,878,363$ 100%
CDA/SUCCESSOR AGENCY
Cash Equivalents 482,717$ 482,717$ 482,717$ 100%
Total 482,717$ 482,717$ 482,717$ 100%
ASSESSMENT DISTRICTS
NERIAD
Federal Agency Issues -$ -$ -$ 0%
U.S. Treasury Obligations 1,000,000 993,271 995,117 117% Cash Equivalents ( 143,194) ( 143,194) ( 143,194) - 17% Subtotal 856,806$ 850,077$ 851,923$ 100%
Total 856,806$ 850,077$ 851,923$ 100%
SUMMARY TOTAL
Town Funds 131,908,432$ 130,192,336$ 131,064,234$
Trust Fund 1,878,363 1,878,363 1,878,363
CDA/ Successor Agency 482,717 482,717 482,717
NERIAD 856,806 850,077 851,923
Summary Total 135,126,317$ 133,403,493$ 134,277,237$
Town of Danville
Treasurer' s Report of Investments
CDA
Town Funds Trust Funds Successor Agency NERIAD Total
Beginning Balance, at cost 123,793,481$ 1,670,508$ 481,853$ 852,541$ 126,798,382$ Purchases, at cost
U.S. Treasury 1,965,078 0 1,965,078
Eli Lilly and Co. 269,841 269,841
Sales/Maturations/ Call
U.S. Treasury ( 1,937,734) 0 ( 1,937,734)
Redemption ( 51,829) ( 51,829)
Premium/ Discount 33,561 33,561
Interest Received 212,987 995 - 304 213,678
Net change in Cash 5,906,951 207,854 ( 131) ( 2,160) 6,112,514 Realized gains (losses)-
Ending Balance, at cost 130,192,336$ 1,878,363$ 482,717$ 850,077$ 133,403,493$ May 31, 2026
Town of Danville
Treasurer' s Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Federal Agency Issues
FFCB Note 06/22/2023 06/23/2026 2,000,000 1,997,620 2,000,676 4.42% 88,400 FFCB Note 08/09/2023 08/14/2026 1,500,000 1,496,550 1,502,171 4.58% 68,700 FHLB Note 11/30/2023 11/17/2026 1,000,000 1,002,530 1,004,148 4.53% 45,300 FHLB Note 06/26/2024 06/11/2027 1,000,000 1,001,530 1,006,709 4.57% 45,700 FFCB Note 12/08/2023 10/04/2027 1,500,000 1,504,500 1,511,496 4.41% 66,150 FFCB Note 11/09/2023 11/15/2027 1,750,000 1,743,508 1,763,895 4.73% 82,775 FHLB Note 05/15/2023 12/10/2027 1,500,000 1,536,930 1,505,810 3.66% 54,900 FHLB Note 05/07/2025 03/10/2028 2,000,000 1,957,320 1,964,760 3.80% 76,000 FFCB Note 04/27/2023 04/25/2028 1,500,000 1,507,905 1,496,289 3.76% 56,400 FHLB Note 07/06/2023 06/09/2028 1,500,000 1,467,705 1,499,447 4.49% 67,350 FHLB Note 04/26/2024 03/09/2029 1,500,000 1,484,775 1,517,448 4.74% 71,100 FFCB Note 09/17/2024 09/10/2029 1,500,000 1,500,945 1,472,096 3.49% 52,350 Subtotal 18,250,000$ 18,201,818$ 18,244,944$ 4.24% 775,125$ Collateralized Mortgage Obligation
FHLMC K063 A2 06/06/2023 01/25/2027 985,990 952,097 981,143 4.47% 44,074 FHLMC K066 A2 05/18/2023 06/25/2027 986,310 945,855 976,525 4.28% 42,214 FHLMC K068 A2 05/12/2023 08/25/2027 1,000,000 970,820 988,948 3.98% 39,800 FHLMC K069 A2 12/27/2023 09/25/2027 1,097,016 1,056,178 1,082,864 4.27% 46,843 FHLMC K073 A2 05/24/2023 01/25/2028 720,000 691,988 710,202 4.34% 31,248 FHLMC K074 A2 12/18/2024 01/25/2028 989,567 964,750 979,161 4.45% 44,036 FHLMC K081 A2 09/05/2023 08/25/2028 1,000,000 957,969 990,674 4.85% 48,500 FHLMC K082 A2 10/30/2023 09/25/2028 1,000,000 940,742 990,951 5.31% 53,100 FHLMC K090 A2 03/27/2025 02/25/2029 1,000,000 966,016 976,732 4.36% 43,600 Subtotal 8,778,882$ 8,446,414$ 8,677,201$ 4.48% 393,414$ U.S. Treasury Obligations
U.S. Treasury Notes 0
U.S. Treasury Notes 09/08/2022 04/30/2026 0 0 0 0.00% 0 U.S. Treasury Notes 11/22/2024 07/31/2026 1,750,000 1,749,180 1,751,846 4.40% 77,000 U.S. Treasury Notes 06/07/2023 09/30/2026 2,000,000 1,848,984 1,986,094 4.09% 81,800 U.S. Treasury Notes 02/20/2025 10/15/2026 1,750,000 1,759,912 1,755,514 4.26% 74,550 U.S. Treasury Notes 11/28/2022 03/31/2027 1,450,000 1,363,566 1,434,368 4.00% 58,000 U.S. Treasury Notes 05/17/2024 04/15/2027 2,000,000 1,995,469 2,010,781 4.58% 91,600 U.S. Treasury Notes 06/21/2024 07/31/2027 2,000,000 1,901,875 1,973,204 4.46% 89,200 U.S. Treasury Notes 01/20/2023 08/31/2027 1,600,000 1,568,438 1,584,188 3.59% 57,440 U.S. Treasury Notes 03/08/2023 09/30/2027 1,250,000 1,234,131 1,252,783 4.44% 55,500 U.S. Treasury Notes 10/17/2024 01/31/2028 1,300,000 1,284,105 1,289,641 3.90% 50,700 U.S. Treasury Notes 09/27/2024 02/15/2028 1,500,000 1,464,141 1,469,238 3.51% 52,650 U.S. Treasury Notes 11/08/2024 03/31/2028 1,000,000 982,344 993,359 4.19% 41,900 U.S. Treasury Notes 12/30/2024 05/31/2028 1,750,000 1,711,445 1,737,080 4.33% 75,775 U.S. Treasury Notes 12/13/2024 08/31/2028 1,000,000 1,004,102 1,007,305 4.25% 42,500 U.S. Treasury Notes 09/29/2025 09/15/2028 2,000,000 1,985,469 1,971,563 3.64% 72,800 U.S. Treasury Notes 11/10/2025 10/15/2028 2,000,000 1,995,469 1,975,781 3.58% 71,600 U.S. Treasury Notes 09/16/2025 10/31/2028 2,000,000 1,875,547 1,878,438 3.50% 70,000 May 31, 2026
Town of Danville
Treasurer' s Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest May 31, 2026
U.S. Treasury Notes 04/10/2024 11/15/2028 1,800,000 1,687,078 1,761,890 4.66% 83,880 U.S. Treasury Notes 10/27/2025 04/30/2029 2,000,000 1,955,234 1,935,625 3.56% 71,200 U.S. Treasury Notes 09/05/2024 05/31/2029 1,200,000 1,155,984 1,156,172 3.60% 43,200 U.S. Treasury Notes 10/29/2024 07/31/2029 1,500,000 1,493,320 1,497,012 4.10% 61,500 U.S. Treasury Notes 03/05/2025 08/31/2029 2,000,000 1,923,750 1,942,578 4.06% 81,200 U.S. Treasury Notes 06/03/2025 11/30/2029 2,000,000 1,989,141 1,986,250 4.01% 80,200 U.S. Treasury Notes 07/30/2025 12/31/2029 2,000,000 1,996,875 1,985,391 3.91% 78,200 U.S. Treasury Notes 02/25/2026 01/31/2030 1,300,000 1,297,563 1,273,696 3.55% 46,150 U.S. Treasury Notes 12/09/2025 04/30/2030 2,000,000 1,979,531 1,956,250 3.75% 75,000 U.S. Treasury Notes 04/28/2026 05/31/2030 2,000,000 1,985,781 1,973,828 3.94% 78,800 U.S. Treasury Notes 03/24/2026 07/31/2030 2,000,000 1,998,828 1,991,016 4.01% 80,200 U.S. Treasury Notes 01/29/2026 09/30/2030 1,250,000 1,241,455 1,225,586 3.79% 47,375 U.S. Treasury Notes 05/05/2026 10/31/2030 2,000,000 1,965,078 1,959,844 4.05% 81,000 Subtotal 49,400,000$ 48,393,795$ 48,716,320$ 3.98% 1,970,920$ Cash Equivalents
Wells Fargo Trsry Plus M Mkt - reserve fund (2001 COP) 515,589 515,589 515,589 3.14% 16,189 Wells Fargo Trsry Plus M Mkt - reserve fund (2005 COP) 357,583 357,583 357,583 3.17% 11,335 Bank of New York 410,108 410,108 410,108 3.14% 12,877
US Bank 908,328 908,328 908,328 0.00% 0
LAIF 27,179,100 27,179,100 27,179,100 3.81% 1,035,795
Subtotal 29,370,707$ 29,370,707$ 29,370,707$ 3.66% 1,076,198 Asset- Backed Securities
GM Finacial Automobile Leasing Trust 2025-1 A3 02/05/2025 02/21/2028 405,000 404,952 406,226 4.66% 18,873 BMW Vehicle Owner Trust 2023-A A3 07/11/2023 02/25/2028 36,415 36,409 36,569 5.47% 1,992 BMW Vehicle Lease Trust 2025-1 A3 06/03/2025 06/26/2028 250,000 249,995 250,689 4.82% 12,050 Toyota Auto Receivables Owner 2023-D A3 11/07/2023 08/15/2028 143,990 143,975 145,127 5.61% 8,078 Chase Issuance Trust 2023-1 A 09/07/2023 09/15/2028 995,000 994,724 998,556 5.23% 52,039 BMW Vehicle Owner Trust 2024-A A3 06/04/2024 02/26/2029 283,438 283,395 285,239 5.18% 14,682 Bank of America Credit Card Trust 2024-1 A 06/06/2024 05/15/2029 475,000 474,973 479,087 4.93% 23,418 John Deere Owner Trust 2025 A3 03/04/2025 09/17/2029 470,000 469,970 470,436 5.09% 23,923 BMW Vehicle Owner Trust 2025-A A3 02/04/2025 09/25/2029 635,000 634,937 637,670 4.56% 28,956 Honda Auto Receivables 2025-2 Owner Trust 04/29/2025 10/15/2029 310,000 309,965 309,801 4.15% 12,865 Mercedes- Benz Auto Receivables Trust 2025-1 01/14/2025 12/17/2029 560,000 559,881 563,530 4.84% 27,104 Subtotal 4,563,843$ 4,563,176$ 4,582,931$ 4.90% 223,979$
Town of Danville
Treasurer' s Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest May 31, 2026
Supranational
International Finance Corp Note 11/29/2023 01/15/2027 925,000 921,985 927,596 4.49% 41,533 Inter-American Dev Bank Note 01/30/2024 02/01/2027 1,000,000 1,004,020 1,003,053 4.23% 42,300 International Bank For Reconstruction and Dev 03/11/2024 07/12/2028 1,500,000 1,456,965 1,483,682 4.23% 63,450 Subtotal 3,425,000$ 3,382,970$ 3,414,331$ 4.30% 147,283$ US Corporate
Toyota Motor Credit Corp 02/08/2024 06/18/2026 1,000,000 921,800 998,555 4.68% 46,800 Paccar Financial Corp Note 08/03/2023 08/10/2026 515,000 514,743 516,012 5.07% 26,111 Bank of America NA Callable Note Cont 08/24/2023 08/18/2026 1,000,000 1,001,360 1,001,942 5.48% 54,800 Morgan Stanley Bank NA Callable Note 10/30/2023 10/30/2026 440,000 440,000 442,877 5.88% 25,872 Honeywell Intl Callable Note 01/11/2023 11/01/2026 1,000,000 933,280 993,664 4.42% 44,200 Pepsico Inc. Callable Note Cont 11/08/2023 11/10/2026 360,000 359,903 361,259 5.13% 18,468 JP Morgan Chase Bank Callable Note 12/05/2023 12/08/2026 405,000 405,000 406,638 5.11% 20,696 John Deere Capital Corp 01/10/2024 01/08/2027 1,000,000 999,220 1,003,090 4.53% 45,300 Cisco Systems Inc 02/26/2024 02/26/2027 1,000,000 999,620 1,005,169 4.81% 48,100 State Street Corp 03/13/2024 03/18/2027 1,065,000 1,065,000 1,072,047 4.99% 53,144 Caterpillar Financial Service Note 05/15/2024 05/14/2027 1,000,000 1,002,930 1,009,586 4.89% 48,900 Blackrock Funding Inc 07/17/2024 07/26/2027 690,000 689,979 694,467 4.60% 31,740 Amazon. com Inc 07/10/2024 08/22/2027 1,000,000 954,920 990,076 4.73% 47,300 Visa Inc 08/19/2024 09/15/2027 1,000,000 960,360 984,390 4.14% 41,400 Paccar Financial Corp Note 08/04/2025 08/08/2028 540,000 539,681 538,514 4.02% 21,708 Alphabet Inc. 11/03/2025 11/15/2028 395,000 394,660 392,733 3.91% 15,445 MET Tower Global Funding 01/07/2026 01/14/2029 645,000 644,168 636,881 4.05% 26,123 Pepsico INC. 07/29/2025 01/15/2029 1,000,000 997,580 997,854 4.18% 41,800 Bank of New York Mellon Corp 02/12/2025 02/01/2029 1,250,000 1,240,750 1,254,165 4.81% 60,125 ALPHABET INC 02/09/2026 02/15/2029 370,000 368,657 365,201 3.83% 14,171 ABBOTT LABORATORIES 03/09/2026 03/09/2029 1,000,000 998,478 983,303 3.75% 37,500 MERCK & CO INC 12/01/2025 03/15/2029 675,000 674,001 668,234 3.90% 26,325 Eli Lilly and Co. 05/06/2026 05/20/2029 270,000 269,841 269,566 4.17% 11,259 Appl e Inc. 03/05/2025 09/11/2029 500,000 457,525 471,577 4.29% 21,450 Subtotal 18,120,000$ 17,833,456$ 18,057,800$ 4.57% 828,735$ TOTAL 131,908,432$ 130,192,336$ 131,064,234$ 4.11% 5,415,653$ Source:
Chandler Asset Management
US Bank
Local Agency Investment Fund ( LAIF)
Town of Danville
Treasurer' s Report of Investments - Detail
May 31, 2026
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Cash Equivalents
LAIF 1,878,363 1,878,363 1,878,363 3.81% 71,584
TOTAL 1,878,363$ 1,878,363$ 1,878,363$ 3.81%$ 71,584
Source:
Local Agency Investment Fund ( LAIF)
Trust Fund
Town of Danville
Treasurer'sReport of Investments - Detail
May 31, 2026
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Cash Equivalents
LAIF - redemption fund 97,918 97,918 97,918 3.81% 3,732 Wells Fargo Trsry Plus M Mkt - reserve fund ( TRBs) 384,686 384,686 384,686 3.14% 12,079 Wells Fargo Trsry Plus M Mkt - interest acct (TRBs) 112 112 112 3.17% 4 Wells Fargo Trsry Plus M Mkt - debt service acct ( TRBs)- 0 0 0.00% 0 Subtotal 482,717$ 482,717$ 482,717$ 3.28% 15,814$
TOTAL 482,717$ 482,717$ 482,717$ 3.28% 15,814$
Source:
BNY Trust Company
Local Agency Investment Fund ( LAIF)
Community Development Agency/ Successor Agency
Page8
Town of Danville
Treasurer'sReport of Investments - Detail
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest U.S. Treasury Obligations
U.S. Treasury Bill 6/11/2025 6/15/2026 250,000 249,971 250,033 4.14% 10,350 U.S. Treasury Bill 9/16/2025 9/30/2026 250,000 249,473 249,773 3.71% 9,275 U.S. Treasury Bill 12/18/2025 11/15/2026 250,000 246,914 248,006 3.54% 8,850 U.S. Treasury Bill 3/30/2026 3/31/2027 250,000 246,914 247,305 3.77% 9,425 Subtotal 1,000,000$ 993,271$ 995,117$ 3.79% 37,900$
Cash Equivalents
LAIF - improvement fund ( 161,615) ( 161,615) ( 161,615) 3.81%( 6,159) Bank of New York-Improvement fd 18,421 18,421 18,421 3.14% 578 Subtotal ( 143,194)$ ( 143,194)$ ( 143,194)$ 3.90%( 5,581)$ Total 856,806$ 850,077$ 851,923$ 3.77% 32,319$
Source:
Chandler Asset Management
BNY Trust Company
Local Agency Investment Fund (LAIF)
Northeast Roadway Improvement Assessment District (NERIAD) May 31, 2026