Agenda Item A.1
CPMS CONSENT CALENDAR
Meeting Date: April 21, 2026
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Ryan Schwarz, Accountant
SUBJECT: Acceptance of the February 2026 Investment Transaction Report RECOMMENDATION:
Accept the investment transaction report for the month of February 2026.
BACKGROUND:
Transmitted herewith is the investment transaction report for the month of February 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 February 28, 2026, the City‘s pooled investment portfolio totaled $72,341,495.64.
The City’s weighted average yield in February was 3.784%.
In addition, the City‘s Fiscal Agent accounts totaled $38,231,765.35. These funds are 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 Ac tivity and Interest Report, Summary of Cash and Investments, and Investment Portfolio detail as of February 28, 2026.
FISCAL IMPACTS:
As of February 28, 2026, the investment portfolio is in compliance with all State laws and the City’s Investment Policy. There are sufficient funds available to meet the City’s expenditure requirements for the next six months.
APPROVED BY: Robert Nisbet, City Manager
1 Meeting Date: April 21, 2026
ATTACHMENTS:
1. Investment Transaction Report – February 2026
2 ATTACHMENT 1
Investment Transaction Report – February 2026
3 Attachment 1
INVESTMENT ACTIVITY INVESTMENT INCOME
PURCHASES OR DEPOSITS POOLED INVESTMENTS
2/2/2026 Toyota Motor Corporate Security Bond 1,150,000.00 $ Interest Earned on Investments 102,693.30 $ 2/5/2026 Northern Trust Corporate Security Bond 300,000.00 Pooled Investments Total 102,693.30 $ Pooled Investment Purchases or Deposits 1,450,000.00
N/A - HELD BY FISCAL AGENT INVESTMENTS Held By Fiscal Agent Purchases or Deposits - Interest Earned on Investments 104,715.99 $ Total Purchases or Deposits 1,450,000.00$ Held By Fiscal Agent Investments Total 104,715.99$ INVESTMENT INCOME TOTAL 207,409.29 $
SALES, MATURITIES, OR WITHDRAWALS
2/2/2026 United States Treasury (1,150,000.00)$
Pooled Investment Sales, Maturities, or Withdrawals (1,150,000.00) 2/13/2026 Project Reimbursement Request - Measure A Sales Tax Bonds (741,992.29) 2/13/2026 Project Reimbursement Request - Lease Revenue Bonds (255,646.71) Held By Fiscal Agent Sales, Maturities, or Withdrawals (997,639.00) Total Sales, Maturities, or Withdrawals (2,147,639.00)$ Total (2,147,639.00)$
NET INVESTMENT ACTIVITY (697,639.00)$
City of Goleta
Investment Activity and Interest Report
Investment Transaction Report - February 2026
4 Attachment 1
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 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% 4.000% 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% 3.849% 228.962 Held by Fiscal Agent (US Bank - PARS) 903,500.00$ 1,039,796.68$ 1 Held by Fiscal Agent (BNY Mellon) 38,109,857.82 38,109,857.82$ 1 HELD BY FISCAL AGENT SUBTOTAL 39,013,357.82$ 39,149,654.50 Totals 111,252,771.93$ 111,559,760.02$
Total Cash and Investments 111,252,771.93$
NET CASH AND INVESTMENT ACTIVITY FOR FEBRUARY 2026
(679,510.94)$
ENDING BALANCE AS OF FEBRUARY 28, 2026
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 2,469,330.39 $ 2,469,330.39 $ 3.413% 0.000% 1 Money Market Accounts (1) 14,421,229.36 14,421,229.36 19.935% 4.000% 1 Local Agency Investment Funds (2) 43,189,795.62 43,284,013.42 59.703% 3.871% 1 Certificates of Deposit 5,404,000.00 5,427,713.38 7.470% 3.770% 1742 United States Treasury Bill 4,407,140.27 $ 4,476,120.00 6.092% 4.156% 1461 Corporate Securities 2,450,000.00 $ 2,472,440.00 3.387% 4.157% 1825 POOLED INVESTMENTS SUBTOTAL 72,341,495.64$ 72,550,846.55 $ 100.000% 3.784% 219.939 Held by Fiscal Agent (US Bank - PARS) 903,500.00$ 1,056,220.93$ 1 Held by Fiscal Agent (BNY Mellon) 37,328,265.35 37,328,265.35 1 HELD BY FISCAL AGENT SUBTOTAL 38,231,765.35$ 38,384,486.28$ Totals 110,573,260.99$ 110,935,332.83$
Total Cash and Investments 110,573,260.99$
Notes:
(1)
(2)
City of Goleta
Community West Bank serves as the City's primary banking institution. Interest earnings are guaranteed at a minimum rate 0.7098% per banking agreement for the money market account. The rate may be adjusted to match the higher of the Pooled Money Investment Account (PMIA) or quarterly Local Agency Investment Fund (LAIF) apportionment rate. 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 reportin
g purposes the LAIF yield displayed is the apportionment rate 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 - February 2026
5 Attachment 1
PURCHASE MATURITY
ORIGINAL
DAYS TO DAYS TO STATED YIELD AT FACE BOOK MARKET**
DATE DATE MATURITY MATURITY RATE 365 VALUE VALUE VALUE
CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 - 0 0.000% 2,283,705.03 2,283,705.03 2,283,705.03 COMMUNITY WEST BANK GENERAL REV ACCT 1 - 0 0.000% 135,511.59 135,511.59 135,511.59 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 - 0 0.000% 517.80 517.80 517.80 PERSHING - SAFE KEEPING ACCT 1 - 0 0.000% 49,595.97 49,595.97 49,595.97 Subtotal, Checking Accounts 1 0.000% 0.000% 2,469,330.39$ 2,469,330.39$ 2,469,330.39$
MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 - 4.000% 4.0000% 14,421,229.36 14,421,229.36 14,421,229.36 Subtotal, MMA Account 1 4.000% 4.0000% 14,421,229.36$ 14,421,229.36$ 14,421,229.36$
LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 - 3.871% 3.871% 43,189,795.62 43,189,795.62 43,284,013.42 Subtotal, LAIF 1 3.871% 3.871% 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 1,826 459 3.100% 3.100% 249,000.00 249,000.00 248,506.98 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 228 1.050% 1.050% 247,000.00 247,000.00 242,825.70 89235MLU3 UBS BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 241 1.050% 1.050% 249,000.00 249,000.00 244,522.98 90348JV56 CAPITAL ONE NATL ASSN 6/1/2022 6/1/2027 1,826 458 3.200% 3.200% 245,000.00 245,000.00 243,226.20 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 523 3.650% 3.650% 247,000.00 247,000.00 246,555.40 33715LEB2 DORT FINANCIAL CREDIT UNION 6/20/2023 6/20/2028 1,827 843 4.500% 4.500% 247,000.00 247,000.00 250,591.38 25844MBB3 CO
VANTAGE CREDIT UNION 8/6/2024 8/7/2028 1,462 891 4.200% 4.200% 247,000.00 247,000.00 249,136.55 22282XAD2 CUSTOMERS BANK 8/8/2024 8/8/2028 1,461 892 4.150% 4.150% 244,000.00 244,000.00 245,715.32 23204HPW2 MERRICK BANK SOUTH JORDAN 9/12/2024 8/11/2028 1,429 895 4.000% 4.000% 247,000.00 247,000.00 247,995.41 59013KG59 SNB BANK NATIONAL ASSOCIATION 8/14/2024 8/14/2028 1,461 898 4.100% 4.100% 226,000.00 226,000.00 227,423.80 78470MBS6 BAXTER CREDIT UNION VERNON HILLS 8/22/2023 8/22/2028 1,827 906 5.000% 5.000% 248,000.00 248,000.00 254,276.88 07181JBB9 FIRST NATIONAL BANK 8/30/2024 8/30/2028 1,461 914 3.800% 3.800% 249,000.00 249,000.00 248,840.64 32110YP74 CARTER FEDERAL CREDIT UNION 8/7/2024 8/7/2029 1,826 1,256 4.250% 4.250% 247,000.00 247,000.00 250,146.78 14622LAS1 ALTAONE FEDERAL CREDIT UNION 8/15/2024 8/15/2029 1,826 1,264 4.250% 4.250% 247,000.00 247,000.00 250,164.07 02157RAB3 NEIGHBORS FEDERAL CREDIT UNION 1/30/2025 1/30/2030 1,826 1,432 4.300% 4.300% 249,000.00 249,000.00 252,744.96 64017ABN3 MORGAN STANLEY PRIVATE BANK NATL ASSOCIATION2/12/2025 2/12/2030 1,826 1,445 4.250% 4.250% 244,000.00 244,000.00 247,098.80 61776NLK7 MORGAN STANLEY BANK NATL ASSOCIATION 3/19/ 2025 3/19/2030 1,826 1,480 4.100% 4.100% 244,000.00 244,000.00 245,754.36 61690DX37 GOLDMAN SACHS BANK USA 3/25/2025 3/25/2030 1,826 1,486 4.000% 4.000% 245,000.00 245,000.00 245,847.70 38150VS75 BNY MELLON NA 3/27/2025 3/27/2030 1,826 1,488 3.950% 3.950% 245,000.00 245,000.00 245,389.55 05584CWC6 TRUXTON TRUST CO 3/31/2025 3/29/2030 1,824 1,490 3.900% 3.900% 249,000.00 249,000.00 248,987.55 89846HEC3 AMERICAN EXPRESS NATIONAL BANK 4/30/2025 4/30/2030 1,826 1,522 4.100% 4.100% 244,000.00 244,000.00 245,715.32 02589AHE5 SALLIE MAE BANK SALT LAKE CITY 7/9/2025 7/9/2030 1,826 1,592 4.050% 4.050% 245,000.00 245,000.00 246,247.05 795451DX8 Subtotal, Certificates of Deposit 1,742 3.770% 3.770% 5,404,000.00$ 5,404,000.00$ 5,427,713.38$
US TREASURY SECURITIES - DISCOUNT
UNITED STS TREAS BILLS 1/15/2024 1/15/2027 1,096 321 4.000% 4.000% 1,100,000.00 1,096,572.38 1,104,367.00 91282CJT9 UNITED STS TREAS BILLS 1/15/2025 1/15/2028 1,095 686 4.250% 4.250% 1,100,000.00 1,100,208.15 1,116,841.00 91282CMF5 UNITED STS TREAS BILLS 1/31/2024 1/31/2029 1,827 1,068 4.000% 4.000% 1,100,000.00 1,106,975.51 1,118,645.00 91282CJW2 UNITED STS TREAS BILLS 12/31/2024 12/31/2029 1,826 1,402 4.375% 4.375% 1,100,000.00 1,103,384.23 1,136,267.00 91282CMD0 Subtotal, US Treasuries 1,461 4.156% 4.156% 4,400,000.00$ 4,407,140.27$ 4,476,120.00$ Investment Transaction Report - February 2026
City of Goleta
DESCRIPTION OF POOLED INVESTMENTS COMMENTS *
Investment Portfolio
6 Attachment 1
PURCHASE MATURITY
ORIGINAL
DAYS TO DAYS TO STATED YIELD AT FACE BOOK MARKET**
DATE DATE MATURITY MATURITY RATE 365 VALUE VALUE VALUE
Investment Transaction Report - February 2026
City of Goleta
DESCRIPTION OF POOLED INVESTMENTS COMMENTS *
Investment Portfolio
CORPORATE SECURITIES
NORTHERN TRUST CORP SEC. BOND 11/19/2025 11/19/2030 1,826 1,725 4.150% 4.150% 300,000.00 300,000.00 302,616.00 665859AY0 TOYOTA MOTOR CORP SEC. BOND 1/12/2026 1/10/2031 1,824 1,777 4.200% 4.200% 1,150,000.00 1,150,000.00 1,158,924.00 89236TPH2 JP MORGAN CHASE BANK NA CORP SEC. BOND 1/23/ 2026 1/23/2031 1,826 1,790 4.120% 4.120% 1,000,000.00 1,000,000.00 1,010,900.00 46632FXW0 Subtotal, Corporate Securities 1,825 4.157% 4.157% 2,450,000.00$ 2,450,000.00$ 2,472,440.00$ Grand Total 72,334,355.37$ 72,341,495.64 $ 72,550,846.55 $ 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. 7 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 14.030% 633,500.00 633,500.00 735,812.25
PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
PENSION - Moderate Index Plus 2/4/2022 1 14.020% 270,000.00 270,000.00 320,408.68 Subtotal 1 14.025% 903,500.00$ 903,500.00$ 1,056,220.93$ Total 903,500.00$ 903,500.00$ 1,056,220.93$ 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 20,604,146.42 20,604,146.42 20,604,146.42 Holding Accounts - Local Transportation Sales Tax
Revenue Bonds, Series 2025 1 16,723,219.36 16,723,219.36 16,723,219.36 Total 37,328,265.35$ 37,328,265.35$ 37,328,265.35$ Grand Total 38,231,765.35$ 38,231,765.35 $ 38,384,486.28 $ 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 - February 2026
Investment Portfolio
DESCRIPTION - HOLDINGS BY FISCAL AGENTS COMMENTS *
8