City of Huntington Beach
Quarterly Investment Report
December 2025
Prepared by:
Jason Schmitt
City Treasurer
1 INVESTMENT PORTFOLIO SUMMARY
As of December 31, 2025
Funds within this portfolio with overnight availability are invested in the California Asset Management Program “CAMP” and a money market fund. The CAMP account is considered a “Local Government Investment Pool” or “LGIP” for reporting purposes above. Other funds are invested in U.S. Treasuries, Supranational Securities (International Bank of Reconstruction and Development “IBRD”, Inter - American Development Bank “IADB”), U.S. Agencies, and Corporate bonds. Only the investment types allowed under California Government code Section 53601 and the City’s Investment Policy Statement are utilized.
For the quarter and fiscal year ending December 31, 2025, the market value of the portfolio surpassed the book value of the portfolio at $441.0 million versus $439.2 million. This was due to the decrease in overall market interest rates over the last year, which served to increase the prices (value) of the existing securities in the portfolio. This was a reversal as within the last year we had seen primarily increasing market interest rates, which had led to the portfolio market value being lower than the book value. As investments are primarily held to maturity, the market value is only a point -in-time measurement and no gain is realized.
2 PORTFOLIO BREAKOUT BY SECTOR
As of December 31, 2025
The largest holding by security type at month-end was U.S. Agency securities at approximately 30% of the total overall portfolio versus 3 3% as of September 30, 2025 . This was followed by Corporate securities at approximately 21% of the total portfolio as of December 31, 2025 versus 22% as of September 30, 2025.
INVESTMENT PORTFOLIO EARNINGS
As of December 31, 2025
3 Earnings for the month of December 2025 were $1,292,606, an increase of approximately 31% from the same month in the prior year. Fiscal year-to-date earnings of $7,516,917 increased approximately $1,684,300 or 29% from the previous fiscal year . These higher earnings were due to the increase in interest rates and the higher average portfolio balance. The effective rate of return for December was
3.69%, with a fi scal year-to-date return of 3.63% vs. 3.08% during the same period last year . At the end of December, the 12-month moving average of the interpolated 1.5-year U.S. Treasury was 3.88%.
The portfolio will lag the benchmark, as it will take time for previously purchased securities bought in a lower interest rate environment during the pandemic to mature and the funds to be reinvested.
PORTFOLIO BREAKOUT BY MATURITY
As of December 31, 2025
4 Cash and LGIP funds as of December 31, 2025 stood at $79,395,552, which was $20,537,256 greater than as of September 30, 2025. Overall, Cash/Money Market and Short-Term Investments (defined as < 1 year maturity) accounted for 44% of the total portfolio with another 2 0% being Medium -Term Investments (defined as 1 -2 year maturity). This heavy weighting toward short -term instruments is driven by early property tax remittances in mid -December that will be re -invested in longer -term securities in Q3 FY2025-2026.
COMPLIANCE SUMMARY
As of December 31, 2025
There were no compliance issues during this period with either cash or investment holdings. 5 ECONOMIC AND MARKET OVERVIEW
On December 10, 2025, the FOMC decided to lower the target range for the federal funds rate by
0.25% percentage points from 3.75% to 3.50% after releasing a statement saying that economic activity continued expanding at a moderate pace but job gains slowed and the unemployment rate increased from the prior quarter. This FOMC decision marked the 3rd rate cut in 2025, resulting in a total reduction of 0.75% from 4.25% to 3.50% across the year.
Markets: The yield on the 10-year U.S. Treasury finished the quarter at 4.18%, down from 4.16% at the end of the previous quarter. Over the last six months, these rate reductions have led the 2 -Year Treasury yield to decline by 0.25% while the 10-Year Treasury yield has only declined by 0.06% during the same period due to continued long-term uncertainties regarding the strength of the U.S. dollar. The S&P 500 increased by 2.4% and the DJIA increased by 3.6% over the last quarter and by 7.8% and
5.2% respectively over the last six months.
Employment: Total non-farm payroll employment increased by 50,000 and the unemployment rate edged up to 4.4 %. Job gains increased in food /drinking services, healthcare, and social assistance , partially offset by losses in retail trade.
6 Portfolio Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: (FY2026)
12/01/2025 - 12/31/2025
Full Accrual Basis
Portfolio Investments
12/31/2025
Date
City Treasurer
TitleJason Schmitt
I certify that this report and the corresponding pages attached accurately reflect all portfolio combined investments and conforms with all California state statutes and the Huntington Beach investment policy filed on December 19, 2023. The investment program herein shown provides sufficient cash flow liquidity to meet the next six month's obligations. Market values are provided by US Bank via Interactive Data Corp (IDC) City Portfolio Certification
Fiscal YTD Transactions (Par)
Redemptions 1 $5,000,000
Purchases 2 $23,000,000
Total Activity 3 $28,000,000
Period Transactions (Par)
Redemptions 16 $73,875,000
Purchases 8 $53,000,000
Total Activity 24 $126,875,000
Net Period Earnings $7,516,917.03
Last FY Period Net Earnings $5,832,617.42
Avg Daily Book Balance $414,286,752.84
$1.00 $1.00
Net Effective Annual Return 3.631%
Net Period Earnings $1,292,605.59
Last FY Period Net Earnings $988,460.84
Avg Daily Book Balance $418,952,607.72
$1.00 $1.00
Net Effective Annual Return 3.694%
Fiscal YTD Summary (184 Days)Period Earnings Summary (31 Days) ______________________________________________ __________________ sum2
Total Market Value
$1.00
$440,995,951.32
sum2
Total Book Value
$2.00
$439,217,004.83
Market Value
Book Value
Par Value
sum2
Total Par Value
$1.00
$439,612,552.44
The City Portfolio uses a 12 month moving average of the 1.5Yr Treasury for comparison purposes. This period, that rate is equal to: 3.880% ____________________________________________
Par Value Book Value Market Value Book Value
% of Port Book Yield Book Yield
Contribution
Years to
Maturity
Cash / Money Market
Local Govt Inv Pools (LGIP)
U.S. Treasuries
Supranational
U.S. Agencies
Corporates
Total
$18,136,122.32 $18,136,122.32 $18,136,122.32 4.13% 3.62% 0.15% 0.00 $61,259,430.12 $61,259,430.12 $61,259,430.12 13.95% 3.95% 0.55% 0.00 $86,000,000.00 $85,587,224.24 $86,172,260.00 19.49% 3.64% 0.71% 1.74 $50,000,000.00 $49,776,273.53 $50,334,350.00 11.33% 4.03% 0.46% 1.98 $132,455,000.00 $132,692,004.08 $132,993,142.50 30.21% 3.14% 0.95% 1.83 $91,762,000.00 $91,765,950.54 $92,100,646.38 20.89% 4.18% 0.87% 2.01 $439,612,552.44 $439,217,004.83 $440,995,951.32 100.00% 3.69% 1.54 7 Portfolio Characteristics
Sector Breakdown
Portfolio Book Yield
Portfolio Market
Yield
Effective Duration
Weighted Avg
Maturity (Yrs)/WAL
Weighted Avg
Maturity (Days)
3.69%
3.72%
1.26 1.54
561
Weighted Avg
Coupon
Composite Rating
Number of Securities
Held
Median Security Size
Held
Net Asset Value
(NAV)
3.58%
AA2
69 $5,000,000.00
$1.00405
Callable Breakdown
Call
Options
Refunding
Options
Onetime (1x)
Monthly (Dm)
Quarterly (Dq)
Semi-Annual
(Ds)
Annual (Da)
Anytime (Cc)
Total
2.28% 0.00%
0.00% 0.00%
4.10% 0.00%
1.14% 0.00%
3.42% 0.00%
0.00% 14.62%
10.93% 14.62%
Book Value % of Portfolio
4-5Yr
2.96%
3-4Yr
16.86%
2-3Yr
15.92%
1-2Yr
20.35%
CASH
18.08%
0-1Yr
25.84%
$ Millions
15 20
5 5
26 22
11 5 5 5 5
35 30
5 4 5 10
25 30
5 39
25 10 5 8
2026:Jan 2026:Feb 2026:Mar2026:May 2026:Jun 2026:Jul 2026:Aug 2026:Sep 2026:Oct 2027:Apr2027:May 2027:Jun 2027:Jul 2027:Aug 2027:Sep 2027:Oct 2028:Feb 2028:Jun 2028:Jul 2028:Aug 2029:Jun 2029:Jul 2029:Aug 2030:Sep 2030:Dec 0 1.0E7
2.0E7
3.0E7
4.0E7
5.0E7
Asset Maturities by Month
Issuer Holdings - Top 10
Book Value % of Port
Corporates
20.89%
U.S. Agencies
30.21%
Cash / Money
Market
4.13%
Local Govt Inv
Pools (LGIP)
13.95%
U.S. Treasuries
19.49%
Supranational
11.33%
2.31%
3.37%
4.10%
4.13%
4.55%
5.63%
6.38%
13.95%
18.60%
19.49%
0.00% 10.00% 20.00%
T
FHLB
CAMP
FNMA
IBRD
IADB
FUZXX
FFCB
BMY
HD
Maturity DistributionTotal Cash & Investments
sum2
Total Market Value
$1.00
$440,995,951.32
sum2
Total Book Value
$2.00
$439,217,004.83
sum2
Total Par Value
$1.00
$439,612,552.44
Market Value
Book Value
Par Value
Portfolio Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: 12/31/2025
Last Pricing Date: 12/31/2025
Gain/Loss Est. $1,778,946.49
8 Holdings Compliance Summary
City of Huntington Beach
Portfolio: CITY
Reporting Date: 12/31/2025
Holdings Compliance Summary
Limit Actual Compliant
Investment Limit
Limit Actual Compliant
Issuer Limit
Limit Actual Compliant
Maximum Maturity
Actual Min Rating
Short Term
Actual Min Rating
Long Term Compliant
Credit Ratings
U.S. Treasuries
Supranational
U.S. Agencies
Corporates
100.00% 19.49% Yes 100.00% 19.49% Yes 5.00 Years 3.58 Years Yes N/A N/A Yes
30.00% 11.33% Yes 100.00% 5.63% Yes 5.00 Years 3.50 Years Yes N/A AAA/Aaa/AAA Yes 100.00% 30.21% Yes 100.00% 18.60% Yes 5.00 Years 4.98 Years Yes N/A N/A Yes
30.00% 20.89% Yes 10.00% 3.37% Yes 5.00 Years 4.73 Years Yes N/A A/A2/A Yes Cash Compliance Summary
Cash Account Account Description
% of
Portfolio
Maximum
% of
Portfolio % Investable Dollar Portfolio Maximum Current Book Value Investable Value Compliant 003-CAMP California Asset Management Program 13.95% $75,000,000.00 $61,259,430.12 $13,740,569.88 Yes LGIP 13.95% $61,259,430.12 Yes
104-FUZXX First American Treasury Obligations 15.00% 4.13% 10.87% $18,136,122.32 $47,746,428.40 Yes Cash/Money Market 15.00% 4.13% 10.87% $18,136,122.32 Yes *The investment portfolio has been reviewed and is in full compliance with the established investment guidelines regarding credit quality, maturity, and sector allocation. All holdings meet or exceed the minimum credit rating requirements as outlined in the policy. No investments are below the permitted credit thresholds.Portfolio maturities are structured to remain within the approved limits. The weighted average maturity (WAM) and final maturity constraints are in compliance with policy requirements. Investments are diversified across approved sectors and remain within the specified sector concentration limits. No sector exposures exceed established maximum thresholds. 9 Accounting ID Transaction Type CUSIP Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4426
Full Call
3134HAU43
FHLMC 4.625 12/18/2029
100.00000
12/18/2025
12/18/2025
5,000,000.00
5,000,000.00
0.00 5,000,000.00
Activity Total 5,000,000.00 5,000,000.00 0.00 5,000,000.00 Portfolio: CITY Bond Redemption Activity Report
City of Huntington Beach
Reporting Period:
12/31/2025
Report Run Date: Jan 15, 2026
10 Accounting ID Transaction Type CUSIP Description Price Settlement Date Posted Date Par Value Principal Accrued Interest Total 4446
Buy
91282CGL9
T 4.000 02/15/2026
100.03500
12/22/2025
12/22/2025
15,000,000.00
15,005,250.00
210,326.09
15,215,576.09
4447
Buy
3136GCBX2
FNMA 4.150 12/24/2030
100.00000
12/24/2025
12/24/2025
8,000,000.00
8,000,000.00
0.00 8,000,000.00
Activity Total 23,000,000.00 23,005,250.00 210,326.09 23,215,576.09 Portfolio: CITY Bond Purchase Activity Report
City of Huntington Beach
Reporting Period:
12/31/2025
Report Run Date: Jan 15, 2026
11 Accounting ID Ticker Pool Description Type Par Value Book Value Market Value Rate % of Portfolio 104 FUZXX First American Treasury Obligations Cash/Money Market 18,136,122.32 18,136,122.32 18,136,122.32 3.620 4.13% Cash/Money Market 18,136,122.32 18,136,122.32 18,136,122.32 4.13% 003 CAMP California Asset Management Program LGIP 61,259,430.12 61,259,430.12 61,259,430.12 3.950 13.95% LGIP 61,259,430.12 61,259,430.12 61,259,430.12 13.95% Cash Holdings 79,395,552.44 79,395,552.44 79,395,552.44 18.08% Portfolio: CITYCash By Structure Report
City of Huntington Beach
Reporting Period:
12/31/2025
Report Run Date: Jan 15, 2026
12 CUSIP Ticker Coupon Maturity Date Short Description Settlement Date Par Value Book Value Market Value Book
Yield
Years to
Maturity
(%) of
Portfolio
Moodys
Rating
91282CGL9 T 4.000 02/15/2026 U.S. Treasury Note 12/22/2025 15,000,000.00 15,004,295.45 15,004,350.00 3.712 0.123 3.42% Aa1 91282CHM6
T
4.500
07/15/2026
U.S. Treasury Note
03/12/2024
5,000,000.00
5,002,953.51
5,025,650.00
4.380
0.534
1.14%
Aa1
91282CCP4 T 0.625 07/31/2026 U.S. Treasury Note 09/30/2021 5,000,000.00 4,990,841.48 4,916,150.00 0.950 0.578 1.14% Aa1 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 09/23/2021 1,000,000.00 999,094.01 981,710.00 0.890 0.663 0.23% Aa1 91282CCW9 T 0.750 08/31/2026 U.S. Treasury Note 11/23/2021 5,000,000.00 4,982,851.97 4,908,550.00 1.285 0.663 1.13% Aa1 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/29/2022 5,000,000.00 4,949,196.32 4,982,800.00 4.000 1.492 1.13% Aa1 91282CEW7 T 3.250 06/30/2027 U.S. Treasury Note 12/22/2023 5,000,000.00 4,950,924.57 4,982,800.00 3.960 1.492 1.13% Aa1 91282CKZ3 T 4.375 07/15/2027 U.S. Treasury Note 11/04/2024 5,000,000.00 5,020,337.74 5,066,400.00 4.090 1.533 1.14% Aa1 91282CFB2 T 2.750 07/31/2027 U.S. Treasury Note 01/19/2024 5,000,000.00 4,903,121.18 4,943,550.00 4.080 1.577 1.12% Aa1 91282CHK0 T 4.000 06/30/2028 U.S. Treasury Note 09/18/2024 5,000,000.00 5,065,966.69 5,058,600.00 3.431 2.494 1.15% Aa1 91282CHQ7 T 4.125 07/31/2028 U.S. Treasury Note 01/16/2024 10,000,000.00 10,069,030.76 10,149,200.00 3.831 2.579 2.29% Aa1 91282CKX8 T 4.250 06/30/2029 U.S. Treasury Note 01/06/2025 5,000,000.00 4,987,813.26 5,105,650.00 4.327 3.493 1.14% Aa1 91282CKX8 T 4.250 06/30/2029 U.S. Treasury Note 01/10/2025 10,000,000.00 9,949,178.92 10,211,300.00 4.411 3.493 2.27% Aa1 91282CFC0 T 2.625 07/31/2029 U.S. Treasury Note 01/23/2025 5,000,000.00 4,711,618.37 4,835,550.00 4.419 3.578 1.07% Aa1 U.S. Treasuries 86,000,000.00 85,587,224.24 86,172,260.00 19.49% 45906M2L4
IBRD
0.650
02/24/2026
Int'l Bank for Recon and Dev
04/30/2021
5,000,000.00
4,998,416.72
4,976,950.00
0.870
0.148
1.14%
Aaa
459058KJ1
IBRD
3.125
06/15/2027
Int'l Bank for Recon and Dev
01/10/2025
5,000,000.00
4,919,992.69
4,968,650.00
4.295
1.451
1.12%
Aaa
45818WFN1
IADB
4.850
07/19/2027
Inter-American Development Bank
05/29/2024
10,000,000.00
10,011,505.66
10,139,200.00
4.770
1.544
2.28%
Aaa
45818WFN1
IADB
4.850
07/19/2027
Inter-American Development Bank
04/22/2025
5,000,000.00
5,078,479.55
5,069,600.00
3.782
1.544
1.16%
Aaa
45818WEQ5
IADB
3.800
06/09/2028
Inter-American Development Bank
09/21/2023
5,000,000.00
4,910,726.33
4,976,850.00
4.622
2.437
1.12%
Aaa
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
11/13/2023
5,000,000.00
4,858,385.35
4,989,200.00
4.760
2.527
1.11%
Aaa
459058KT9
IBRD
3.500
07/12/2028
Int'l Bank for Recon and Dev
12/06/2023
5,000,000.00
4,903,371.29
4,989,200.00
4.350
2.527
1.12%
Aaa
459058KW2
IBRD
4.625
08/01/2028
Int'l Bank for Recon and Dev
01/25/2024
5,000,000.00
5,057,767.53
5,126,700.00
4.130
2.582
1.15%
Aaa
45950KDH0
IFC
4.250
07/02/2029
International Finance Corp
10/23/2024
5,000,000.00
5,037,628.42
5,098,000.00
4.011
3.499
1.15%
Aaa
Supranational 50,000,000.00 49,776,273.53 50,334,350.00 11.33% 3130AKN36
FHLB
0.525
01/15/2026
Federal Home Loan Bank
01/15/2021
5,000,000.00
4,999,961.11
4,994,450.00
0.545
0.038
1.14%
Aa1
3130AKN85
FHLB
0.550
01/20/2026
Federal Home Loan Bank
01/20/2021
5,000,000.00
4,999,973.61
4,992,350.00
0.560
0.052
1.14%
Aa1
3130AKUS3
FHLB
0.500
01/28/2026
Federal Home Loan Bank
01/28/2021
5,000,000.00
5,000,000.00
4,988,800.00
0.500
0.074
1.14%
Aa1
3130ALEY6
FHLB
0.800
03/04/2026
Federal Home Loan Bank
06/10/2021
5,000,000.00
5,000,000.00
4,976,450.00
0.800
0.170
1.14%
Aa1
3130AMJN3
FHLB
1.030
05/26/2026
Federal Home Loan Bank
05/26/2021
5,000,000.00
5,000,000.00
4,948,400.00
1.030
0.397
1.14%
Aa1
3130AMFS6
FHLB
0.750
06/12/2026
Federal Home Loan Bank
06/17/2021
5,000,000.00
4,997,309.19
4,936,350.00
0.873
0.444
1.14%
Aa1
3130AVWS7
FHLB
3.750
06/12/2026
Federal Home Loan Bank
05/09/2023
3,000,000.00
2,999,396.79
3,002,610.00
3.796
0.444
0.68%
Aa1
3133EPNG6
FFCB
4.375
06/23/2026
Federal Farm Credit Bank
06/23/2023
3,000,000.00
2,999,785.00
3,010,800.00
4.391
0.474
0.68%
Aa1
3130AQ7E7
FHLB
1.500
06/30/2026
Federal Home Loan Bank
12/30/2021
5,000,000.00
5,000,220.99
4,949,600.00
1.339
0.493
1.14%
Aa1
3130AUMC5
FHLB
3.750
07/20/2026
Federal Home Loan Bank
01/19/2023
5,000,000.00
5,000,000.00
5,002,450.00
3.750
0.548
1.14%
Aa1
3130AQS79
FHLB
2.250
08/07/2026
Federal Home Loan Bank
02/07/2022
5,000,000.00
5,000,000.00
4,958,650.00
2.250
0.597
1.14%
Aa1
3133EPGT6
FFCB
3.875
04/26/2027
Federal Farm Credit Bank
04/26/2023
5,000,000.00
4,998,103.30
5,018,900.00
3.906
1.314
1.14%
Aa1
3133EPJP1
FFCB
3.625
05/12/2027
Federal Farm Credit Bank
05/12/2023
5,000,000.00
4,995,277.53
5,005,800.00
3.700
1.358
1.14%
Aa1
3130AW4N7
FHLB
3.630
06/04/2027
Federal Home Loan Bank
05/18/2023
5,000,000.00
5,000,000.00
5,005,250.00
3.630
1.421
1.14%
Aa1
3133EPMV4
FFCB
4.125
06/15/2027
Federal Farm Credit Bank
06/15/2023
5,000,000.00
4,999,654.31
5,041,100.00
4.130
1.451
1.14%
Aa1
3130AWWN6
FHLB
4.500
09/10/2027
Federal Home Loan Bank
12/05/2023
4,455,000.00
4,462,848.95
4,524,052.50
4.383
1.689
1.02%
Aa1
3130AWC24
FHLB
4.000
06/09/2028
Federal Home Loan Bank
06/13/2023
5,000,000.00
5,002,248.78
5,055,900.00
3.979
2.437
1.14%
Aa1
3130AWC24
FHLB
4.000
06/09/2028
Federal Home Loan Bank
06/27/2023
5,000,000.00
4,998,645.06
5,055,900.00
4.012
2.437
1.14%
Aa1
3136GAJ34 FNMA 4.300 06/09/2028 Fannie Mae 06/26/2025 5,000,000.00 5,004,007.58 5,014,550.00 4.110 2.437 1.14% Aa1 3136GAEQ8 FNMA 4.220 07/07/2028 Fannie Mae 04/07/2025 5,000,000.00 5,000,000.00 5,019,250.00 4.220 2.513 1.14% Aa1 3130B1BC0 FHLB 4.625 06/08/2029 Federal Home Loan Bank 07/19/2024 5,000,000.00 5,080,591.36 5,164,250.00 4.100 3.433 1.16% Aa1 3130B1BC0 FHLB 4.625 06/08/2029 Federal Home Loan Bank 07/25/2024 5,000,000.00 5,070,917.57 5,164,250.00 4.162 3.433 1.15% Aa1 3134HBNT4 FHLMC 4.070 06/08/2029 Freddie Mac 05/01/2025 5,000,000.00 5,000,000.00 5,004,250.00 4.070 3.433 1.14% Aa1 3130B1BC0 FHLB 4.625 06/08/2029 Federal Home Loan Bank 05/12/2025 4,000,000.00 4,083,062.95 4,131,400.00 3.964 3.433 0.93% Aa1 3136GAJS9 FNMA 4.170 07/09/2029 Fannie Mae 07/09/2025 5,000,000.00 5,000,000.00 5,014,400.00 4.170 3.518 1.14% Aa1 3136GA7A1 FNMA 4.710 07/13/2029 Fannie Mae 01/23/2025 5,000,000.00 5,000,000.00 5,015,300.00 4.710 3.529 1.14% Aa1 3136GCBX2 FNMA 4.150 12/24/2030 Fannie Mae 12/24/2025 8,000,000.00 8,000,000.00 7,997,680.00 4.150 4.977 1.82% Aa1 Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
12/31/2025
Report Run Date: Jan 21, 2026
13 CUSIP Ticker Coupon Maturity Date Short Description Settlement Date Par Value Book Value Market Value Book
Yield
Years to
Maturity
(%) of
Portfolio
Moodys
Rating
U.S. Agencies 132,455,000.00 132,692,004.08 132,993,142.50 30.21% 717081DV2 PFE 2.750 06/03/2026 Pfizer Inc 01/18/2023 5,000,000.00 4,972,827.65 4,978,050.00 4.142 0.419 1.13% A2 110122CN6 BMY 3.200 06/15/2026 Bristol-Myers Squibb 11/16/2022 5,000,000.00 4,973,319.78 4,986,500.00 4.480 0.452 1.13% A2 931142EM1 WMT 3.050 07/08/2026 Walmart 05/15/2023 4,257,000.00 4,242,469.99 4,242,696.48 3.752 0.515 0.97% Aa2 904764AU1 UNANA 2.000 07/28/2026 Unilever 05/15/2023 2,505,000.00 2,481,425.32 2,479,899.90 3.752 0.569 0.56% A1 037833DN7 AAPL 2.050 09/11/2026 Apple 12/06/2023 5,000,000.00 4,918,216.08 4,944,000.00 4.583 0.693 1.12% Aaa 713448DN5 PEP 2.375 10/06/2026 Pepsi 12/26/2023 5,000,000.00 4,932,281.25 4,949,950.00 4.273 0.761 1.12% A1 24422EXR5 DE 4.900 06/11/2027 John Deere 01/06/2025 5,000,000.00 5,029,714.29 5,084,450.00 4.460 1.440 1.15% A1 437076DB5 HD 4.875 06/25/2027 Home Depot 08/23/2024 5,000,000.00 5,053,346.77 5,084,550.00 4.061 1.478 1.15% A2 438516CX2 HON 4.650 07/30/2027 Honeywell 08/15/2024 5,000,000.00 5,035,881.26 5,064,150.00 4.137 1.574 1.15% A2 023135BC9 AMZN 3.150 08/22/2027 Amazon 08/23/2024 5,000,000.00 4,931,807.69 4,959,350.00 4.040 1.637 1.12% A1 14913UAR1 CAT 4.400 10/15/2027 Caterpillar 09/10/2024 5,000,000.00 5,043,029.60 5,059,350.00 3.886 1.785 1.15% A2 110122DE5 BMY 3.900 02/20/2028 Bristol-Myers Squibb 01/24/2025 5,000,000.00 4,930,887.34 5,009,850.00 4.600 2.136 1.12% A2 166756BB1 CVX 4.475 02/26/2028 Chevron 09/03/2025 5,000,000.00 5,068,586.62 5,077,750.00 3.776 2.152 1.15% Aa2 24422EXB0 DE 4.950 07/14/2028 John Deere 03/27/2024 5,000,000.00 5,032,518.62 5,134,650.00 4.662 2.533 1.15% A1 437076DC3 HD 4.750 06/25/2029 Home Depot 06/26/2025 5,000,000.00 5,087,869.13 5,126,200.00 4.185 3.480 1.16% A2 110122CP1 BMY 3.400 07/26/2029 Bristol-Myers Squibb 09/18/2025 5,000,000.00 4,913,947.59 4,905,450.00 3.923 3.565 1.12% A2 17325FBK3 C 4.838 08/06/2029 Citigroup/Citibank NA 09/03/2025 5,000,000.00 5,119,639.91 5,116,300.00 4.095 3.595 1.17% Aa3 532457CQ9 LLY 4.200 08/14/2029 Eli Lilly & Co 07/15/2025 5,000,000.00 4,998,181.65 5,048,450.00 4.210 3.617 1.14% Aa3 48130C4W2 JPM 4.050 09/23/2030 JP Morgan 09/23/2025 5,000,000.00 5,000,000.00 4,849,050.00 4.050 4.726 1.14% A1 Corporates 91,762,000.00 91,765,950.54 92,100,646.38 20.89% Bond Holdings 360,217,000.00 359,821,452.39 361,600,398.88 81.92% Portfolio: CITYBond Holdings By Sector Report
City of Huntington Beach
Reporting Period:
12/31/2025
Report Run Date: Jan 21, 2026
14 Portfolio Ratings
Portfolio Ratings
City of Huntington Beach
Portfolio: CITY
Reporting Date: 12/31/2025
Par Value Book Value Market Value Book Yield Book Yield Contribution Effective Duration Effective Duration
Contribution Years to Maturity (%) Book Value
AAA
AA1
AA2
AA3
A1
A2
NR
Hold
Rating Total
55,000,000.00 54,694,489.61 55,278,350.00 4.08 0.51 1.75 0.22 1.86 12.45% 218,455,000.00 218,279,228.32 219,165,402.50 3.34 1.66 1.36 0.68 1.79 49.70% 9,257,000.00 9,311,056.61 9,320,446.48 3.77 0.08 1.29 0.03 1.41 2.12% 10,000,000.00 9,929,989.35 10,007,800.00 4.13 0.09 2.39 0.05 2.63 2.26% 27,505,000.00 27,595,579.39 27,614,299.90 4.26 0.27 2.12 0.13 2.43 6.28% 40,000,000.00 40,011,109.12 40,214,100.00 4.18 0.38 1.70 0.16 1.86 9.11% 79,395,552.44 79,395,552.44 79,395,552.44 3.87 0.70 0.00 0.00 0.00 18.08%
1.00 1.00
439,612,552.44 439,217,004.83 440,995,951.32 3.69 1.26 100.00% 15 Statement of Cash Receipts and Disbursements and
Cash Receipts and Disbursements December 2025 December 2024 Y/Y Percent Change Receipts
General Fund
Property Tax 28,856,204$ 21,433,013$ 35%
Local Sales Tax 3,756,087 3,902,573 -4%
Public Safety Sales Tax 290,575 282,770 3%
Transient Occupancy Tax (TOT) 957,825 953,287 0%
Utility Users Tax (UUT) 1,711,602 632,281 171%
Other Revenue 5,391,577 5,699,051 -5%
Total General Fund Revenue 40,963,870 32,902,974 24%
Total All Other Funds Revenue 25,371,215 21,008,154 21% Total Receipts 66,335,085$ 53,911,128$ 23%
Disbursements
General Fund
Personnel Services (11,884,646) (12,903,173) -8%
Operating Expenses (4,915,812) (3,807,718) 29%
Capital Expenditures - - 0%
Non-Operating Expenses (302,936) (302,936) 0%
Total General Fund Disbursements (17,103,393) (17,013,827) 1% Total All Other Funds Disbursements (13,264,002) (17,034,933) -22% Total Disbursements (30,367,395) (34,048,761) -11%
Net Change in Cash Flow 35,967,690$ 19,862,367$ 81%
Summary of Cash by Fund December 2025 December 2024 Y/Y Percent Change General Fund 111,771,676$ 103,896,602$ 8%
General Fund Other 5,524,777 2,622,246 111%
Capital Projects Funds 54,023,497 48,624,041 11%
Debt Service Funds 44,820,687 38,013,090 18%
Enterprise Funds 94,031,219 89,914,247 5%
Trust and Agency Funds 9,514,699 12,956,082 -27%
Internal Service Funds 68,941,853 48,958,819 41%
Special Revenue Funds 58,463,604 52,498,764 11%
General Ledger Cash Balances * 447,092,012$ 397,483,890$ 12% Total cash will differ from investment portfolio total due to outstanding checks and/or other timing differences.
Note: Above information was obtained from the City's accounting system records. The above information includes receipts from maturing investments and payments for purchased investments in the city investment portfolio. This statement is prepared in compliance with the City's Charter.
Summary of Cash by Fund
City Treasurer's Office
December 2025
16