INVESTMENT REPORT
FOR THE
QUARTER ENDING
SEPTEMBER 30, 2025
CITY OF HERCULES, CALIFORNIA
2025-2026
FISCAL YEAR
CITY OF HERCULES
FINANCE DEPARTMENT
111 CIVIC DRIVE
HERCULES, CALIFORNIA 94547-1771
PHONE: 510-799-8200
November 12, 2025
Honorable Mayor and City Council:
I hereby affirm that the investment portfolio, as of September 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 September 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 September 30, 2025
Book % of Average Market
Value Total Yield Value
Cash on Hand $2,005 $2,005
Cash on Deposit 4,681,194 4,681,194
Total Cash on Hand 4,683,199 6.76% 0.00% 4,683,199 Local Agency Investment Fund (LAIF) 56,711,835 81.84% 4.21% 56,779,794 Irrevocable Trust (Pension) 2,732,483 3.94% 6.73% 2,732,483 Irrevocable Trust (OPEB) 3,227,039 4.66% 6.73% 3,227,039 Investments with Bond Trustees 1,938,378 2.80% 4.03% 1,938,378 Total Portfolio $69,292,934 100.00% 4.99% $69,360,893
Amount over (under) Market Value vs. Book Value $67,959 % of Portfolio 0.10%
Investments by Type
Cash on Hand
LAIF
Irrevocable Trust
(Pension)
Irrevocable Trust
(OPEB)
Investments with
Trustees
City of Hercules
Detail for Investment Portfolio Summary Report
For the Quarter Ended September 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 1,706,574.38 0.00% 1,706,574.38 1,706,574.38 MECHANICS BANK - HERCULES RDA 2,778,491.18 0.00% 2,778,491.18 2,778,491.18 MECHANICS BANK - PD ASSET SEIZURE 196,128.40 0.00% 196,128.40 196,128.40 TOTAL AND AVERAGES 4,681,193.96 4,681,193.96 4,681,193.96
LOCAL AGENCY INVESTMENT FUND (LAIF)
LAIF 56,711,835.29 4.21% 7/1/2025 9/30/2025 91 - 56,711,835.29 56,779,793.65
IRREVOCABLE TRUST (PENSION/OPEB)
US BANK MUTUAL (PARS-OPEB) 3,227,038.84 6.73% 7/1/2025 9/30/2025 91 - 3,227,038.84 3,227,038.84 US BANK MUTUAL (PARS-PENSION) 2,732,482.58 6.73% 7/1/2025 9/30/2025 91 - 2,732,482.58 2,732,482.58 TOTAL AND AVERAGES 5,959,521.42 6.73% 91 - 5,959,521.42 5,959,521.42
INVESTMENTS WITH BOND TRUSTEES
THE BANK OF NEW YORK (BNY) JM 05 1 RESERVE
FUND 55,797.47 0.00% 7/1/2025 9/30/2025 91 - 55,797.47 55,797.47
THE BANK OF NEW YORK (BNY) MELLON TRUST
HERCULES PFA WW INTEREST ACCT 21 A 2,887.50 0.00% 7/1/2025 9/30/2025 91 - 2,887.50 2,887.50
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 REVENUE FUND) 763,762.02 3.96% 7/1/2025 9/30/2025 91 - 763,762.02 763,762.02
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV PRIN ACCT) 89,805.29 3.96% 7/1/2025 9/30/2025 91 - 89,805.29 89,805.29
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV INT ACCT) 101,342.53 4.10% 7/1/2025 9/30/2025 91 - 101,342.53 101,342.53
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 RESERVE FD) 920,215.00 4.10% 7/1/2025 9/30/2025 91 - 920,215.00 920,215.00
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES 2020 INT FD) 4,567.80 0.00% 7/1/2025 9/30/2025 91 - 4,567.80 4,567.80 TOTAL AND AVERAGES 1,938,377.61 4.03% 91 - 1,938,377.61 1,938,377.61 TOTAL INVESTMENT REPORT $69,292,933.28 4.99% 91 - $69,292,933.28 $69,360,891.64 City of Hercules, California
Investment Portfolio Summary Report
For the Quarter Ended September 30, 2025
% of
Cash Description Book Value Total
Bond Trustee $1,938,378 3%
Irrevocable Trust 5,959,521 9%
Restricted 40,554,321 59%
General Fund 20,001,504 29%
Internal Service Funds 839,209 1%
Total, Book Value $69,292,933 100%
Restricted Restricted:
Wastewater 16,294,632
Successor Housing 6,065,833
Development Impact Fees 4,326,059
Capital Projects 5,678,662
Landscape & Lighting 518,275
SB1 RMRA 1,582,204
Gas Tax & Measure J "Street" 1,011,860
Successor Agency 2,778,491
Solid Waste 946,051
Agency Fund 735,402
Asset Seizure 351,381
COPS Program 265,471
40,554,321
Bond Trustee
3%
Irrevocable Trust
9%
Restricted
58%
General Fund
29%
Internal Service Funds
1%
Cash by Fund
September 4.212
August 4.251
July 4.258
June 4.269
May 4.272
April 4.281
PMIA Average Life(1): 248
LAIF Fair Value Factor(1): 1.001198310
PMIA Daily(1): 4.26
PMIA Quarter to Date(1): 4.27
LAIF Apportionment Rate(2): 4.40
LAIF Earnings Ratio(2): 0.00012059828906715
LAIF Administrative Cost(1)*: 0.18
Treasuries
52.26%
Agencies
28.46%
Certificates of
Deposit/Bank Notes
9.16%
Time
Deposits
3.18%
Commercial
Paper
6.17%
Corporate
Bonds
0.61%
Loans
0.16%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*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 9/30/2025
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $1,012,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
9/30/25
$165.3 billion