Agenda Item A.1
CPMS CONSENT CALENDAR
Meeting Date: April 7, 2026
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Ryan Schwarz, Accountant
SUBJECT: Acceptance of the January 2026 Investment Transaction Report RECOMMENDATION:
Accept the investment transaction report for the month of January 2026.
BACKGROUND:
Transmitted herewith is the investment transaction report for the month of January 2026.
This report is provided in accordance with Government Code Section 53607 and the City’s Investment Policy, which requires the City Treasurer to submit monthly investment reports to the City Council.
DISCUSSION:
Investment Transaction Report
As of January 31, 2026, the City‘s pooled investment portfolio totaled $74,091,210.21.
The City’s weighted average yield in January was 3.474%.
In addition, the City‘s Fiscal Agent accounts totaled $39,781,480.15. These funds held for the City’s Section 115 Trust and bond proceeds, and are not subject to the City’s Investment Policy, because they are governed by a separate trust and bond documents.
Attachment 1 includes the Investment Transaction Report, with the Investment Activity and Interest Report, Summary of Cash and Investments, and Investment Portfolio detail as of January 31, 2026.
FISCAL IMPACTS:
As of January 31, 2026, the investment portfolio is in compliance with all State laws and the City’s Investment Policy. There are suff icient funds available to meet the City’s expenditure requirements for the next six months.
APPROVED BY: Robert Nisbet, City Manager
1 Meeting Date: April 7, 2026
ATTACHMENTS:
1. Investment Transaction Report – January 2026
2 ATTACHMENT 1
Investment Transaction Report – January 2026
3 Attachment 1
INVESTMENT ACTIVITY INVESTMENT INCOME
PURCHASES OR DEPOSITS POOLED INVESTMENTS
1/23/2026 JP Morgan Chase Bank NA Corporate Security 1,000,000.00$ Interest Earned on Investments 642,367.58$ Total
Total 1,000,000.00$
SALES, MATURITIES, CALLS OR WITHDRAWALS
1/23/2026 LAIF Withdrawal (1,100,000.00)$
1/30/2026 LAIF Withdrawal (3,100,000.00)$
Total (4,200,000.00)$
ACTIVITY TOTAL (3,200,000.00)$ INCOME TOTAL 642,367.58$ City of Goleta
Investment Activity and Interest Report
Investment Transaction Report - January 2026
4 Attachment 1
ENDING BALANCE AS OF DECEMBER 31, 2025
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 2,761,156.85$ 2,761,156.85$ 3.822% 0.000% 1 Money Market Accounts 11,598,725.75 11,598,725.75 16.056% 4.000% 1 (1) Local Agency Investment Funds 46,893,956.08 46,996,254.45 64.915% 4.025% 1 (2) Certificates of Deposit 5,404,000.00 5,437,233.47$ 7.481% 3.770% 1742 United States Treasury Bill 5,581,575.43 5,616,735.00$ 7.726% 4.250% 1315 POOLED INVESTMENTS SUBTOTAL 72,239,414.11$ 72,410,105.52$ 100.000% 3.865% 228.962 Held by Fiscal Agent (US Bank - PARS) 503,500.00$ 1,023,434.49$ 1 Held by Fiscal Agent (BNY Mellon) 38,109,857.82 38,109,857.82$ 1 HELD BY FISCAL AGENT SUBTOTAL 38,613,357.82$ 39,133,292.31 Totals 110,852,771.93$ 111,543,397.83$
Total Cash and Investments 110,852,771.93$
NET CASH AND INVESTMENT ACTIVITY FOR JANUARY 2026
3,019,918.43$
ENDING BALANCE AS OF JANUARY 31, 2026
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 8,898,500.56$ 8,898,500.56$ 12.010% 0.000% 1 Money Market Accounts (1) 10,095,201.38 10,095,201.38 13.625% 4.000% 1 Local Agency Investment Funds (2) 43,189,795.62 43,284,013.42 58.293% 3.931% 1 Certificates of Deposit 5,404,000.00 5,428,625.77 7.294% 3.770% 1742 United States Treasury Bill 5,503,712.65$ 5,607,695.00 7.428% 4.125% 1461 Corporate Securities 1,000,000.00$ 1,000,730.00 1.350% 4.120% 1826 POOLED INVESTMENTS SUBTOTAL 74,091,210.21$ 74,314,766.13$ 100.000% 3.474% 236.397 Held by Fiscal Agent (US Bank - PARS) 903,500.00$ 1,039,796.68$ 1 Held by Fiscal Agent (BNY Mellon) 38,877,980.15 38,877,980.15 1 HELD BY FISCAL AGENT SUBTOTAL 39,781,480.15$ 39,917,776.83$ Totals 113,872,690.36$ 114,232,542.96$
Total Cash and Investments 113,872,690.36$
Notes:
(1)
(2)
City of Goleta
Community West Bank serves as the City's primary banking institution. All deposits held are required to be fully collateralized by State law. The City has a written collateralization agreement with Community West Bank to ensure the safety of public funds and utilizes an irrevocable letter of credit through the Federal Home Loan Bank of San Francisco.
For reporting purposes the LAIF yield displayed is the Pooled Money Investment Account (PMIA) effective yield available at the time of preparing this report. The apportionment rate is the actual interest earned from LAIF and is based on the prior three-month average of the PMIA effective yield, net of administrative costs. As of FY 17/18 the quarterly apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment loan pursuant to Government Code 20825 (c)(1) and in FY 18/19 interest earned on Wildfire Fund loan pursuant to Public Utility Code 3288 (a), which are not reflected in the PMIA monthly effective yield, due to the structure of the loan.
Summary of Cash and Investments
Investment Transaction Report - January 2026
5 Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE
CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 0 0.000% 5,500,090.95 5,500,090.95 5,500,090.95 COMMUNITY WEST BANK GENERAL REV ACCT 1 0 0.000% 3,101,000.00 3,101,000.00 3,101,000.00 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 0 0.000% 919.11 919.11 919.11 PERSHING - SAFE KEEPING ACCT 0 0.000% 296,490.50 296,490.50 296,490.50 Subtotal, Checking Accounts 1 0.000% 0.000% 8,898,500.56$ 8,898,500.56$ 8,898,500.56$
MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 4.000% 4.0000% 10,095,201.38 10,095,201.38 10,095,201.38 Subtotal, MMA Account 1 4.000% 4.0000% 10,095,201.38$ 10,095,201.38$ 10,095,201.38$
LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 3.931% 3.931% 43,189,795.62 43,189,795.62 43,284,013.42 Subtotal, LAIF 1 3.931% 3.931% 43,189,795.62$ 43,189,795.62$ 43,284,013.42$
CERTIFICATES OF DEPOSIT
ALLY BK SANDY UTAH CRF ACT/365 6/2/2022 6/2/2027 1,826 3.100% 3.100% 249,000.00 249,000.00 248,370.03 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 1.050% 1.050% 247,000.00 247,000.00 242,346.52 89235MLU3 UBS BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 1.050% 1.050% 249,000.00 249,000.00 244,027.47 90348JV56 CAPITAL ONE NATL ASSN 6/1/2022 6/1/2027 1,826 3.200% 3.200% 245,000.00 245,000.00 243,152.70 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 3.650% 3.650% 247,000.00 247,000.00 246,518.35 33715LEB2 DORT FINANCIAL CREDIT UNION 6/20/2023 6/20/2028 1,827 4.500% 4.500% 247,000.00 247,000.00 250,954.47 25844MBB3 COVANTAGE CREDIT UNION 8/6/2024 8/7/2028 1,462 4.200% 4.200% 247,000.00 247,000.00 249,358.85 22282XAD2 CUSTOMERS BANK 8/8/2024 8/8/2028 1,461 4.150% 4.150% 244,000.00 244,000.00 245,922.72 23204HPW2 MERRICK BANK SOUTH JORDAN 9/12/2024 8/11/2028 1,429 4.000% 4.000% 247,000.00 247,000.00 248,188.07 59013KG59 SNB BANK NATIONAL ASSOCIATION 8/14/2024 8/14/2028 1,461 4.100% 4.100% 226,000.00 226,000.00 227,613.64 78470MBS6 BAXTER CREDIT UNION VERNON HILLS 8/22/2023 8/22/2028 1,827 5.000% 5.000% 248,000.00 248,000.00 254,621.60 07181JBB9 FIRST NATIONAL BANK 8/30/2024 8/30/2028 1,461 3.800% 3.800% 249,000.00 249,000.00 248,997.51 32110YP74 CARTER FEDERAL CREDIT UNION 8/7/2024 8/7/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 250,203.59 14622LAS1 ALTAONE FEDERAL CREDIT UNION 8/15/2024 8/15/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 250,215.94 02157RAB3 NEIGHBORS FEDERAL CREDIT UNION 1/30/2025 1/30/2030 1,826 4.300% 4.300% 249,000.00 249,000.00 252,677.73 64017ABN3 MORGAN STANLEY PRIVATE BANK NATL ASSOCIATION2/12/2025 2/12/2030 1,826 4.250% 4.250% 244,000.00 244,000.00 247,042.68 61776NLK7 MORGAN STANLEY BANK NATL ASSOCIATION 3/19/2025 3/19/2030 1,826 4.100% 4.100% 244,000.00 244,000.00 245,808.04 61690DX37 GOLDMAN SACHS BANK USA 3/25/2025 3/25/2030 1,826 4.000% 4.000% 245,000.00 245,000.00 245,894.25 38150VS75 BNY MELLON NA 3/27/2025 3/27/2030 1,826 3.950% 3.950% 245,000.00 245,000.00 245,428.75 05584CWC6 TRUXTON TRUST CO 3/31/2025 3/29/2030 1,824 3.900% 3.900% 249,000.00 249,000.00 249,000.00 89846HEC3 AMERICAN EXPRESS NATIONAL BANK 4/30/2025 4/30/2030 1,826 4.100% 4.100% 244,000.00 244,000.00 245,827.56 02589AHE5 SALLIE MAE BANK SALT LAKE CITY 7/9/2025 7/9/2030 1,826 4.050% 4.050% 245,000.00 245,000.00 246,455.30 795451DX8 Subtotal, Certificates of Deposit 1,742 3.770% 3.770% 5,404,000.00$ 5,404,000.00$ 5,428,625.77$
US TREASURY SECURITIES - DISCOUNT
UNITED STS TREAS BILLS 1/31/2024 1/31/2026 731 4.000% 4.000% 1,150,000.00 1,096,572.38 1,150,000.00 91282CJV4 UNITED STS TREAS BILLS 1/15/2024 1/15/2027 1,096 4.000% 4.000% 1,100,000.00 1,096,572.38 1,104,499.00 91282CJT9 UNITED STS TREAS BILLS 1/15/2025 1/15/2028 1,095 4.250% 4.250% 1,100,000.00 1,100,208.15 1,114,564.00 91282CMF5 UNITED STS TREAS BILLS 1/31/2024 1/31/2029 1,827 4.000% 4.000% 1,100,000.00 1,106,975.51 1,112,166.00 91282CJW2 UNITED STS TREAS BILLS 12/31/2024 12/31/2029 1,826 4.375% 4.375% 1,100,000.00 1,103,384.23 1,126,466.00 91282CMD0 Subtotal, US Treasuries 1,461 4.125% 4.125% 5,550,000.00$ 5,503,712.65$ 5,607,695.00$ Corporate Securities
JP Morgan Chase Bank NA 1/23/2026 1/23/2031 1,826 4.120% 4.120% 1,000,000.00 1,000,000.00 1,000,730.00 46632FXW0 Subtotal, US Treasuries 1,826 4.120% 4.120% 1,000,000.00$ 1,000,000.00$ 1,000,730.00$ Grand Total 74,137,497.56$ 74,091,210.21$ 74,314,766.13$ Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.
City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.
Investment Transaction Report - January 2026
City of Goleta
DESCRIPTION OF POOLED INVESTMENTS COMMENTS *
Investment Portfolio
6 Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE
Held By Fiscal Agent (US Bank - PARS)
PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
OPEB - Moderate Index Plus 2/4/2022 1 12.860% 633,500.00 633,500.00 724,364.30
PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
PENSION - Moderate Index Plus 2/4/2022 1 12.850% 270,000.00 270,000.00 315,432.38 Subtotal 1 12.855% 903,500.00$ 903,500.00$ 1,039,796.68$ Total 903,500.00$ 903,500.00$ 1,039,796.68$
Held By Fiscal Agent (BNY Mellon)
Holding Account - 2020 Refunding Tax Allocation
Bonds 1 899.57 899.57 899.57
Holding Accounts - Lease Revenue Bonds, Series
2025A 1 21,510,324.78 21,510,324.78 21,510,324.78
Holding Accounts - Local Transportation Sales Tax
Revenue Bonds, Series 2025 1 17,366,755.80 17,366,755.80 17,366,755.80 Total 38,877,980.15$ 38,877,980.15$ 38,877,980.15$
Grand Total 39,781,480.15$ 39,781,480.15$ 39,917,776.83$ Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.
City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.
City of Goleta
Investment Transaction Report - January 2026
Investment Portfolio
DESCRIPTION - HOLDINGS BY FISCAL AGENTS COMMENTS *
7