FAIRFAX TOWN COUNCIL MEETING
STAFF REPORT
AGENDA ITEM #4.d
MEETING DATE Feb 4, 2026
PREPARED FOR Mayor and Town Council
PREPARED BY Talia Friedman, Treasurer
SUBJECT Treasurer’s Report for Quarter Ending December 31, 2025
RECOMMENDATION
Accept and file Treasurer’s Report.
DISCUSSION
California Government Code requires that the Town Treasurer submit to the Town Clerk and the legislative body periodic written reports of fund balances. Town policy stipulates that the Treasurer may submit investment reports at least quarterly. The last Treasurer’s Report was for the period ending September 30, 2025. It was presented at the November 5, 2025 meeting.
Cash balances are:
As of December 31,2025 As of December 31, 2024
Bank of Marin checking $ 692,442 $ 1,215,463
LAIF account 5,973,323 4,290,257
Total cash $ 6,665,765 $ 5,505,720
State of California Local Agency Investment Fund (LAIF) earned 4.20% as the quarterly apportionment rate for the quarter ending December 31, 2025, down 0.14% from the rate earned for the quarter ending September 30, 2025. Interest earned for the quarter ending December 31, 2025 (deposited January 2026) was $27,905.
The Federal Reserve is expected to lower interest rates further in 2026, though not sharply. The majority of LAIF’s investment portfolio (Pooled Money Investment Account) is comprised or fixed income vehicles, including 56.48% invested in U.S. Treasury vehicles such as Treasury Notes and Bills.
ATTACHMENT
The most recent LAIF performance report and the LAIF Monthly Statement as of December 31, 2025 are attached.
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