1 INVESTMENT REPORT
For the Quarter Ending June 30, 2025
City of Hercules, California
CITY OF HERCULES
FINANCE DEPARTMENT
111 CIVIC DRIVE
HERCULES, CALIFORNIA 94547-1771
PHONE: 510-799-8200
September 9, 2025
Honorable Mayor and City Council:
I hereby affirm that the investment portfolio, as of June 30, 2025, complies with all relevant state laws and conforms to the City’s investment policy. The anticipated revenues from ongoing City operations, coupled with the available liquidity from cash deposits, sufficiently cover the City’s expenditure requirements for the upcoming months.
As of June 30, 2025, the City possesses adequate financial resources to meet its expenditure obligations for the next six months.
Sincerely,
Edwin Gato
Finance Director/City Treasurer
City of Hercules, California
Investment Portfolio Summary Report
For the Quarter Ended June 30, 2025
Book % of Average Market
Value Total Yield Value
Cash on Hand $2,005 $2,005
Cash on Deposit 12,544,581 12,544,581
Total Cash on Hand 12,546,586 15.26% 0.00% 12,546,586 Local Agency Investment Fund (LAIF) 61,550,455 74.88% 4.27% 61,624,212 Irrevocable Trust (Pension) 2,643,261 3.22% 8.71% 2,643,261 Irrevocable Trust (OPEB) 3,121,688 3.80% 8.71% 3,121,688 Investments with Bond Trustees 2,341,375 2.85% 4.09% 2,341,375 Total Portfolio $82,203,365 100.00% 5.69% $82,277,122
Amount over (under) Market Value vs. Book Value $73,757 % of Portfolio 0.09%
Investments by TypeCash on HandLAIFIrrevocable Trust(Pension)Irrevocable Trust(OPEB)Investments withTrustees City of Hercules
Detail for Investment Portfolio Summary Report
For the Quarter Ended June 30, 2025
(DAYS)
BOOK MARKET PURCHASE MATURITY LIFE TO REMAINING PAR MARKET
DESCRIPTION VALUE YIELD DATE DATE MATURITY LIFE VALUE VALUE
CASH ON HAND
PETTY CASH 2,005.00 0.00% 2,005.00 $2,005.00
CASH IN BANK
MECHANICS BANK - GENERAL CHECKING 3,449,893.00 0.00% 3,449,893.00 3,449,893.00 MECHANICS BANK - HERCULES RDA 8,898,559.82 0.00% 8,898,559.82 8,898,559.82 MECHANICS BANK - PD ASSET SEIZURE 196,128.40 0.00% 196,128.40 196,128.40 TOTAL AND AVERAGES 12,544,581.22 12,544,581.22 12,544,581.22
LOCAL AGENCY INVESTMENT FUND (LAIF)
LAIF 61,550,455.45 4.27% 3/31/2025 6/30/2025 91 - 61,550,455.45 61,624,211.98
IRREVOCABLE TRUST (PENSION/OPEB)
US BANK MUTUAL (PARS-OPEB) 3,121,687.54 8.71% 3/31/2025 6/30/2025 91 - 3,121,687.54 3,121,687.54 US BANK MUTUAL (PARS-PENSION) 2,643,260.92 8.71% 3/31/2025 6/30/2025 91 - 2,643,260.92 2,643,260.92 TOTAL AND AVERAGES 5,764,948.46 8.71% 91 - 5,764,948.46 5,764,948.46
INVESTMENTS WITH BOND TRUSTEES
THE BANK OF NEW YORK (BNY) JM 05 1 RESERVE
FUND 55,797.47 4.09% 3/31/2025 6/30/2025 91 - 55,797.47 55,797.47
THE BANK OF NEW YORK (BNY) MELLON TRUST
HERCULES PFA WW INTEREST ACCT 21 A 3/31/2025 6/30/2025 91 - - -
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 REVENUE FUND) 739,038.61 4.09% 3/31/2025 6/30/2025 91 - 739,038.61 739,038.61
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV PRIN ACCT)310,001.00 4.09% 3/31/2025 6/30/2025 91 - 310,001.00 310,001.00
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV INT ACCT) 311,754.78 4.09% 3/31/2025 6/30/2025 91 - 311,754.78 311,754.78
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 RESERVE FD) 920,215.00 4.09% 3/31/2025 6/30/2025 91 - 920,215.00 920,215.00
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES 2020 INT FD) 4,567.80 0.00% 3/31/2025 6/30/2025 91 - 4,567.80 4,567.80 TOTAL AND AVERAGES 2,341,374.66 4.09% 91 - 2,341,374.66 2,341,374.66 TOTAL INVESTMENT REPORT $82,203,364.79 5.69% 91 - $82,203,364.79$82,277,121.32 City of Hercules, California
Investment Portfolio Summary Report
For the Quarter Ended June 30, 2025
% of
Cash Description Book Value Total
Bond Trustee $2,341,375 3%
Irrevocable Trust 5,764,948 7%
Restricted 47,682,787 58%
General Fund 24,489,961 30%
Internal Service Funds 1,924,294 2%
Total, Book Value $82,203,365 100%
Restricted:
Wastewater 18,703,435
Successor Housing 5,893,882
Development Impact Fees 4,439,128
Capital Projects 2,777,499
Landscape & Lighting 2,021,151
SB1 RMRA 1,570,261
Gas Tax & Measure J "Street" 1,266,656
Successor Agency 8,898,560
Solid Waste 838,612
Agency Fund 837,832
Asset Seizure 354,949
COPS Program 80,822
47,682,787
Bond Trustee 3%Irrevocable Trust 7%Restricted 58%General Fund 30%Internal Service Funds 2%Cash by Fund June 4.269
May 4.272
April 4.281
March 4.313
February 4.333
LAIF Apportionment Rate(2): 4.40
LAIF Earnings Ratio(2): 0.00012059828906715
LAIF Administrative Cost(1)*: 0.18
PMIA Average Life(1): 248
LAIF Fair Value Factor(1): 1.001198310
PMIA Daily(1): 4.26
PMIA Quarter to Date(1): 4.27
Treasuries
55.09%
Agencies
25.48%
Certificates of
Deposit/Bank Notes
9.12%
Time
Deposits
2.96%
Commercial
Paper
6.67%
Corporate
Bonds
0.53%
Loans
0.15%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 6/30/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,063,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
6/30/25
$178.1 billion