STAFF REPORT
Meeting Date:
May 12, 2026
CONSENT
7 SUBJECT: MONTHLY TREASURER’S AND INVESTMENT REPORT (MARCH 2026) RECOMMENDATION: It is recommended that the City Council:
1. Receive and file the March 2026 report.
SUMMARY OF THE MATTER
A monthly report from the elected City Treasurer is required by Government Code. That report included the cash and investments by fund and the reports from the City’s banks. It was modified to comply with the Laguna Beach Investment Policy.
The City Council retained investment authority and has hired Meeder to manage a portion of the portfolio.
Their report used other valuation sources and included some of the accounts which are managed by the City Treasurer.
Attached are the two reports for March 2026.
• Cash and investments managed by the City Treasurer totaled $70,460,000 and included most of the funds required for adequate liquidity for the next six months, assessment district, bond funds and Special Investment Accounts. The report provides the receipts and disbursements by fund, balances the funds to the banks, provides discussion and a required statement by the City Treasurer that there is adequate liquidity for the next six months and provided a 2-year cash flow forecast. Valuations are provided by the banks and the City’s accounting system. • Investments managed by Meeder totaled $83,726,000. Their report included a discussion of surplus investments and the general economy. The custodial bank has reported valuations which are different from those reported by Meeder. In the opinion of the treasurer, the differences are not material.
The portfolio includes US treasury securities (35%), government agency instruments (20%), the Local Agency Investment Fund (17%), medium-term corporate notes (14%), and high-yield, fully collateralized bank accounts (14%).
FINANCIAL ANALYSIS
The recommended action has no financial impact to the budget.
ENVIRONMENTAL ANALYSIS
The recommended action has no environmental impact.
MONTHLY TREASURER’S AND INVESTMENT REPORT (MARCH 2026)
May 12, 2026
ATTACHMENTS
1. Report from City Treasurer Parisi (Pgs. 3-8)
2. Report from Investment Manager (Pgs. 9-31)
Submitted By: Laura Parisi Approved: .David A Kiff
Larua Parisi, CPA, CCMT, City
Treasurer
Dave Kiff, City Manager
Report Prepared By: Coordinated With:
Laura Parisi, CPA, CCMT, City Treasurer Laura Parisi, CPA, CCMT, City Treasurer Greg Balls, CFA, Meeder Investments