Agenda Item A.3
CPMS CONSENT CALENDAR
Meeting Date: October 6, 2026
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Tony Gonzalez, Accounting Manager
Ryan Schwarz, Accountant
SUBJECT: Acceptance of the August 2026 Investment Transaction Report RECOMMENDATION:
Accept the Investment Transaction Report for the month of August 2026.
BACKGROUND:
Transmitted herewith is the investment transaction report for the month of August 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 August 31, 2026, the City's pooled investment portfolio totaled a book value of $63,962,988.69. The City’s weighted average yield in August was 3.727%.
In addition, the City's Fiscal Agent accounts totaled a book value of $37,977,570.82.
These funds are held for the City’s Section 115 Trust and bond proceeds and are not subject to the City’s Investment Policy because they are governed by separate trust and bond documents.
Attachment 1 includes the Investme nt Transaction Report, the Investment Activity and Interest Report, the Summary of Cash and Investments, and the Investment Portfolio details as of August 31, 2026.
FISCAL IMPACTS:
There is no direct fiscal impact with accepting this report. As of August 31, 2026, the investment portfolio is in compliance with all State laws and the City’s Investment Policy. 1 Meeting Date: October 6, 2026
There are sufficient funds available to meet the City’s expenditure requirements for the next six months.
APPROVED BY: Jaime A. Valdez, Assistant City Manager
ATTACHMENTS:
1. Investment Transaction Report – August 2026
2 ATTACHMENT 1
Investment Transaction Report – August 2026
3 Attachment 1
INVESTMENT ACTIVITY INVESTMENT INCOME
PURCHASES OR DEPOSITS POOLED INVESTMENTS
N/A -$ Interest Earned on Investments 54,267.15$ Pooled Investment Purchases or Deposits - Pooled Investments Total 54,267.15$ N/A -
Held By Fiscal Agent Purchases or Deposits - HELD BY FISCAL AGENT INVESTMENTS Total Purchases or Deposits -$ Interest Earned on Investments 120,587.73$ Held By Fiscal Agent Investments Total 120,587.73$
INVESTMENT INCOME TOTAL 174,854.88$
SALES, MATURITIES, OR WITHDRAWALS
8/6/2026 LAIF Withdrawal (3,900,000.00)$
8/13/2026 LAIF Withdrawal (3,000,000.00)$
Pooled Investment Sales, Maturities, or Withdrawals (6,900,000.00) N/A -
Held By Fiscal Agent Sales, Maturities, or Withdrawals - Total Sales, Maturities, or Withdrawals (6,900,000.00)$ Total (6,900,000.00)$
NET INVESTMENT ACTIVITY (6,900,000.00)$
City of Goleta
Investment Activity and Interest Report
Investment Transaction Report - August 2026
4 Attachment 1
ENDING BALANCE AS OF JULY 31, 2026
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Weighted
Average
Days to
Maturity
Checking Accounts 2,938,133.63$ 2,938,133.63$ 4.403% 0.000% 1 Money Market Accounts 7,680,844.76 7,680,844.76 11.510% 3.560% 1 (1) Local Agency Investment Fund 43,625,414.61 43,576,221.81 65.375% 3.816% 1 (2) Certificates of Deposit 5,629,000.00 5,602,183.55 8.435% 3.843% 979 United States Treasury Securities 4,407,140.27 4,390,188.00 6.604% 4.156% 716 Corporate Securities 2,450,000.00 2,384,940.50 3.671% 4.157% 1611 POOLED INVESTMENTS SUBTOTAL 66,730,533.27$ 66,572,512.25$ 100.000% 3.656% 190 Held by Fiscal Agent (US Bank - PARS) 903,500.00$ 1,085,717.64$ 1 Held by Fiscal Agent (BNY Mellon) 36,951,483.09 36,951,483.09 1 HELD BY FISCAL AGENT SUBTOTAL 37,854,983.09$ 38,037,200.73 Totals 104,585,516.36$ 104,609,712.98$
Total Cash and Investments 104,585,516.36$
NET CASH AND INVESTMENT ACTIVITY FOR AUGUST 2026
(2,644,956.85)$
ENDING BALANCE AS OF AUGUST 31, 2026
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Weighted
Average
Days to
Maturity
Checking Accounts 1,522,115.11$ 1,522,115.11$ 2.380% 0.000% 1 Money Market Accounts (1) 12,803,476.72 12,803,476.72 20.017% 3.560% 1 Local Agency Investment Fund (2) 37,151,256.59 37,109,364.16 58.082% 3.840% 1 Certificates of Deposit 5,629,000.00 5,595,406.63 8.800% 3.843% 948 United States Treasury Securities 4,407,140.27 4,387,295.00 6.890% 4.156% 685 Corporate Securities 2,450,000.00 2,385,616.50 3.830% 4.157% 1,580 POOLED INVESTMENTS SUBTOTAL 63,962,988.69$ 63,803,274.12$ 100.000% 3.727% 192 Held by Fiscal Agent (US Bank - PARS) 903,500.00$ 1,076,467.93$ 1 Held by Fiscal Agent (BNY Mellon) 37,074,070.82 37,074,070.82 1 HELD BY FISCAL AGENT SUBTOTAL 37,977,570.82$ 38,150,538.75$ Totals 101,940,559.51$ 101,953,812.87$
Total Cash and Investments 101,940,559.51$
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 PMIA monthly effective yield rate available at the time of preparing this report, which is typically the prior month's PMIA yield. The LAIF apportionment rate would be 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).
Summary of Cash and Investments
Investment Transaction Report - August 2026
5 Attachment 1
TRADE /
PURCHASE
BOOK
ENTRY SETTLEMENT MATURITY
ORIGINAL
DAYS TO DAYS TO STATED YIELD AT FACE BOOK MARKET**
DATE DATE DATE DATE MATURITY MATURITY RATE 365 VALUE VALUE VALUE
CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 - 0 0.000% 1,235,493.60 1,235,493.60 1,235,493.60 COMMUNITY WEST BANK GENERAL REV ACCT 1 - 0 0.000% 213,765.03 213,765.03 213,765.03 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 - 0 0.000% 89.06 89.06 89.06 PERSHING - SAFE KEEPING ACCT 1 - 0 0.000% 72,767.42 72,767.42 72,767.42 Subtotal, Checking Accounts 1 0.000% 0.000% 1,522,115.11$ 1,522,115.11$ 1,522,115.11$
MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 - 3.560% 3.5600% 12,803,476.72 12,803,476.72 12,803,476.72 Subtotal, Money Market Accounts 1 3.560% 3.5600% 12,803,476.72$ 12,803,476.72$ 12,803,476.72$
LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 - 3.840% 3.840% 37,151,256.59 37,151,256.59 37,109,364.16 Subtotal, Local Agency Investment Fund 1 3.840% 3.840% 37,151,256.59$ 37,151,256.59$ 37,109,364.16$
CERTIFICATES OF DEPOSIT
TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2021 10/22/2021 10/14/2026 1,818 44 1.050% 1.050% 247,000.00 247,000.00 246,133.03 89235MLU3 UBS BANK USA SALT LAKE CITY UT 10/10/2021 10/27/2021 10/27/2021 10/27/2026 1,826 57 1.050% 1.050% 249,000.00 249,000.00 247,881.99 90348JV56 CAPITAL ONE NATL ASSN 5/31/2026 6/1/2022 6/1/2022 6/1/2027 1,826 274 3.200% 3.200% 245,000.00 245,000.00 243,476.10 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 7/19/2022 8/5/2022 8/5/2022 8/5/2027 1,826 339 3.650% 3.650% 247,000.00 247,000.00 246,105.86 33715LEB2 DORT FINANCIAL CREDIT UNION 6/14/2023 6/20/2023 6/20/2023 6/20/2028 1,827 659 4.500% 4.500% 247,000.00 247,000.00 248,195.48 25844MBB3 COVANTAGE CREDIT UNION 7/31/2024 8/6/2024 8/7/2024 8/7/2028 1,461 707 4.200% 4.200% 247,000.00 247,000.00 246,822.16 22282XAD2 CUSTOMERS BANK 7/31/2024 8/8/2024 8/8/2024 8/8/2028 1,461 708 4.150% 4.150% 244,000.00 244,000.00 243,485.16 23204HPW2 MERRICK BANK SOUTH JORDAN 8/1/2024 8/12/2024 8/12/2024 8/11/2028 1,460 711 4.000% 4.000% 247,000.00 247,000.00 245,893.44 59013KG59 SNB BANK NATIONAL ASSOCIATION 7/31/2024 8/14/2024 8/14/2024 8/14/2028 1,461 714 4.100% 4.100% 226,000.00 226,000.00 225,376.24 78470MBS6 BAXTER CREDIT UNION VERNON HILLS 8/3/2023 8/22/2023 8/22/2023 8/22/2028 1,827 722 4.900% 4.900% 248,000.00 248,000.00 251,040.48 07181JBB9 FIRST NATIONAL BANK 8/19/2024 8/30/2024 8/30/2024 8/30/2028 1,461 730 3.800% 3.800% 249,000.00 249,000.00 246,881.01 32110YP74 CARTER FEDERAL CREDIT UNION 8/1/2024 8/7/2024 8/7/2024 8/7/2029 1,826 1,072 4.250% 4.250% 247,000.00 247,000.00 246,016.94 14622LAS1 ALTAONE FEDERAL CREDIT UNION 7/31/2024 8/15/2024 8/15/2024 8/15/2029 1,826 1,080 4.250% 4.250% 247,000.00 247,000.00 245,999.65 02157RAB3 NEIGHBORS FEDERAL CREDIT UNION 1/24/2025 1/30/2025 1/30/2025 1/30/2030 1,826 1,248 4.300% 4.300% 249,000.00 249,000.00 248,071.23 64017ABN3 MORGAN STANLEY PRIVATE BANK NATL ASSOCIATION 2/7/2025 2/12/2025 2/12/2025 2/12/2030 1,826 1,261 4.250% 4.250% 244,000.00 244,000.00 242,543.32 61776NLK7 MORGAN STANLEY BANK NATL ASSOCIATION 3/13/2025 3/19/2025 3/25/2025 3/19/2030 1,820 1,296 4.100% 4.100% 244,000.00 244,000.00 241,281.84 61690DX37 GOLDMAN SACHS BANK USA 3/13/2025 3/25/2025 3/27/2025 3/25/2030 1,824 1,302 4.000% 4.000% 245,000.00 245,000.00 241,454.85 38150VS75 BNY MELLON NA 3/14/2025 3/27/2025 3/28/2025 3/27/2030 1,825 1,304 3.950% 3.950% 245,000.00 245,000.00 241,048.15 05584CWC6 TRUXTON TRUST CO 3/15/2025 3/31/2025 3/29/2025 3/29/2030 1,826 1,306 3.900% 3.900% 249,000.00 249,000.00 244,620.09 89846HEC3 AMERICAN EXPRESS NATIONAL BANK 3/16/2025 4/30/2025 3/30/2025 4/30/2030 1,857 1,338 4.100% 4.100% 244,000.00 244,000.00 241,179.36 02589AHE5 SALLIE MAE BANK SALT LAKE CITY 3/17/2025 7/9/2025 3/31/2025 7/9/2030 1,926 1,408 4.050% 4.050% 245,000.00 245,000.00 241,496.50 795451DX8 WELLS FARGO BK N A SIOUX FALLS 5/29/2026 5/29/2026 6/2/2026 5/29/2031 1,822 1,732 4.250% 4.250% 249,000.00 249,000.00 246,447.75 949764WZ3 STATE BANK OF INDIA NEW YORK 7/16/2026 7/16/2026 7/21/2026 7/21/2031 1,826 1,785 4.400% 4.400% 225,000.00 225,000.00 223,956.00 856288HD0 Subtotal, Certificates of Deposit 1,751 948 3.843% 3.843% 5,629,000.00$ 5,629,000.00$ 5,595,406.63$
UNITED STATES TREASURY SECURITIES
UNITED STATES TREASURY NOTE 1/22/2025 1/15/2024 1/23/2025 1/15/2027 722 137 4.000% 4.000% 1,100,000.00 1,096,572.38 1,100,352.00 91282CJT9 UNITED STATES TREASURY NOTE 1/22/2025 1/15/2024 1/23/2025 1/15/2028 1,087 502 4.250% 4.250% 1,100,000.00 1,100,208.15 1,099,054.00 91282CMF5 UNITED STATES TREASURY NOTE 1/22/2025 1/31/2024 1/23/2025 1/31/2029 1,469 884 4.000% 4.000% 1,100,000.00 1,106,975.51 1,090,166.00 91282CJW2 UNITED STATES TREASURY NOTE 1/22/2025 12/31/2024 1/23/2025 12/31/2029 1,803 1,218 4.375% 4.375% 1,100,000.00 1,103,384.23 1,097,723.00 91282CMD0 Subtotal, United States Treasury Securities 1,270 685 4.156% 4.156% 4,400,000.00$ 4,407,140.27$ 4,387,295.00$
CORPORATE SECURITIES
NORTHERN TRUST CORP SEC. BOND 2/4/2026 11/19/2025 2/5/2026 11/19/2030 1,748 1,541 4.150% 4.150% 300,000.00 300,000.00 291,969.00 665859AY0 TOYOTA MOTOR CORP SEC. BOND 1/30/2026 1/12/2026 2/2/2026 1/10/2031 1,803 1,593 4.200% 4.200% 1,150,000.00 1,150,000.00 1,119,467.50 89236TPH2 JP MORGAN CHASE BANK NA CORP SEC. BOND 1/21/2026 1/23/2026 1/23/2026 1/23/2031 1,826 1,606 4.120% 4.120% 1,000,000.00 1,000,000.00 974,180.00 46632FXW0 Subtotal, Corporate Securities 1,792 1,580 4.157% 4.157% 2,450,000.00$ 2,450,000.00$ 2,385,616.50$ Grand Total 63,955,848.42$ 63,962,988.69$ 63,803,274.12$ 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 - August 2026
City of Goleta
DESCRIPTION OF POOLED INVESTMENTS COMMENTS*
& CUSIP
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 12.030% 633,500.00 633,500.00 749,917.22
PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
PENSION - Moderate Index Plus 2/4/2022 1 12.020% 270,000.00 270,000.00 326,550.71 Subtotal, Held By Fiscal Agent (US Bank - PARS) 12.025% 903,500.00$ 903,500.00$ 1,076,467.93$ See Footnote Held By Fiscal Agent (BNY Mellon)
Holding Account - 2020 Refunding Tax Allocation
Bonds 1 2,899.57 2,899.57 2,899.57
Holding Accounts - Lease Revenue Bonds, Series
2025A 1 20,684,027.37 20,684,027.37 20,684,027.37
Holding Accounts - Local Transportation Sales Tax
Revenue Bonds, Series 2025 1 16,387,143.88 16,387,143.88 16,387,143.88 Subtotal, Held By Fiscal Agent (BNY Mellon) 37,074,070.82$ 37,074,070.82$ 37,074,070.82$ Grand Total 37,977,570.82$ 37,977,570.82$ 38,150,538.75$ 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. ***Please note that the release of the current month's PARS statement is released after this report is submitted. Due to this timing, the PARS information displayed is the previous month's data.
City of Goleta
Investment Transaction Report - August 2026
Investment Portfolio
DESCRIPTION - HOLDINGS BY FISCAL AGENTS COMMENTS *
7