INVESTMENT REPORT
FOR THE
QUARTER ENDING
MARCH 31, 2026
CITY OF HERCULES, CALIFORNIA
2025-2026
FISCAL YEAR
CITY OF HERCULES
FINANCE DEPARTMENT
111 CIVIC DRIVE
HERCULES, CALIFORNIA 94547-1771
PHONE: 510-799-8200
May 12, 2026
Honorable Mayor and Members of the City Council:
I hereby affirm that the investment portfolio, as of March 31, 202 6, 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 March 31, 2026, 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 March 31, 2026
Book % of Average Market
Value Total Yield Value
Cash on Hand $2,005 $2,005
Cash on Deposit 8,537,619 8,537,619
Total Cash on Hand 8,539,624 11.24% 0.00% 8,539,624 Local Agency Investment Fund (LAIF) 59,237,629 77.98% 3.83% 59,236,494 Irrevocable Trust (Pension) 2,750,580 3.62% 8.59% 2,750,580 Irrevocable Trust (OPEB) 3,248,412 4.28% 8.59% 3,248,412 Investments with Bond Trustees 2,190,127 2.88% 3.52% 2,190,127 Total Portfolio $75,966,372 100.00% 5.31% $75,965,237
Amount over (under) Market Value vs. Book Value ($1,135) % of Portfolio -0.0015%
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 March 31, 2026
(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 4,783,155.48 0.00% 4,783,155.48 4,783,155.48 MECHANICS BANK - HERCULES RDA 3,558,334.95 0.00% 3,558,334.95 3,558,334.95 MECHANICS BANK - PD ASSET SEIZURE 196,128.40 0.00% 196,128.40 196,128.40 TOTAL AND AVERAGES 8,537,618.83 8,537,618.83 8,537,618.83
LOCAL AGENCY INVESTMENT FUND (LAIF)
LAIF 59,237,629.19 3.83% 1/1/2026 3/31/2026 89 - 59,237,629.19 59,236,493.66
IRREVOCABLE TRUST (PENSION/OPEB)
US BANK MUTUAL (PARS-OPEB) 3,248,412.15 8.59% 1/1/2026 3/31/2026 89 - 3,248,412.15 3,248,412.15 US BANK MUTUAL (PARS-PENSION) 2,750,580.34 8.59% 1/1/2026 3/31/2026 89 - 2,750,580.34 2,750,580.34 TOTAL AND AVERAGES 5,998,992.49 8.59% 89 - 5,998,992.49 5,998,992.49
INVESTMENTS WITH BOND TRUSTEES
THE BANK OF NEW YORK (BNY) JM 05 1 RESERVE
FUND 55,797.47 0.00% 1/1/2026 3/31/2026 89 - 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% 1/1/2026 3/31/2026 89 - 2,887.50 2,887.50
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 REVENUE FUND) 810,319.53 3.52% 1/1/2026 3/31/2026 89 - 810,319.53 810,319.53
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV PRIN ACCT)250,492.92 3.52% 1/1/2026 3/31/2026 89 - 250,492.92 250,492.92
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 DEBT SERV INT ACCT) 150,414.50 3.52% 1/1/2026 3/31/2026 89 - 150,414.50 150,414.50
THE BANK OF NEW YORK (BNY) MELLON TRUST
(HERCULES PFA 09 RESERVE FD) 920,215.00 3.52% 1/1/2026 3/31/2026 89 - 920,215.00 920,215.00 TOTAL AND AVERAGES 2,190,126.92 3.52% 90 - 2,190,126.92 2,190,126.92 TOTAL INVESTMENT REPORT $75,966,372.43 5.31% 89 - $75,966,372.43$75,965,236.90 City of Hercules, California
Investment Portfolio Summary Report
For the Quarter Ended March 31, 2026
% of
Cash Description Book Value Total
Bond Trustee $2,190,127 3%
Irrevocable Trust 5,998,992 8%
Restricted 42,675,361 56%
General Fund 23,594,978 31%
Internal Service Funds 1,506,914 2%
Total, Book Value $75,966,372 100%
Restricted:
Wastewater 17,830,795
Successor Housing 6,428,337
Development Impact Fees 3,408,351
Capital Projects 4,477,822
Landscape & Lighting 1,790,839
SB1 RMRA 2,079,145
Gas Tax & Measure J "Street" 1,143,875
Successor Agency 3,558,335
Solid Waste 916,079
Agency Fund 696,405
Asset Seizure 57,523
COPS Program 287,855
42,675,361
Bond Trustee 3%Irrevocable Trust 8%Restricted 56%General Fund 31%Internal Service Funds 2%Cash by Fund March 3.826
February 3.871
January 3.931
December 4.025
November 4.096
October 4.150
PMIA Average Life(1): 261
LAIF Fair Value Factor(1): 0.999980831
PMIA Daily(1): 3.82
PMIA Quarter to Date(1): 3.92
LAIF Apportionment Rate(2): 3.98
LAIF Earnings Ratio(2): 0.00010906180047888
LAIF Administrative Cost(1)*: TBD
Treasuries
56.86%
Agencies
21.79%
Certificates of
Deposit/Bank Notes
10.77%
Time
Deposits
3.31%
Commercial
Paper
6.52%
Corporate
Bonds
0.59%
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 03/31/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/26
Chart does not include $829,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
3/31/26
$165.3 billion