CITY OF LAGUNA BEACH TREASURER'S REPORT
JULY 2026
The July 2026 Treasurer's Report of the Laguna Beach receipts, disbursements, and fund balances was modified to conform with the Investment Policy.
The City Treasurer managed short-term cash and investments, bond funds, and Specific Investment Accounts authorized in section 2.0 of the Investment Policy. Surplus investments were managed by Meeder, an outside investment firm that was appointed by the City Council and directed by the City Manager.
DISCUSSION
On July 31, 2026, the ending cash and investments totaled $146.6 million, $16.1 million lower than the prior month. The decrease resulted from the annual $9.1 million payment to reduce the unfunded pension liability which also will reduce the future interest cost of the liability plus operating disbursements. As in prior years, July disbursements exceed receipts. Additionally, capital projects including the Forest Avenue redevelopment project and assessment district payments for the utility undergrounding districts. Short-term and liquid funds were built up prior to the dry period. The City Treasurer certified that there were adequate funds in maturing investments, high-yield bank accounts and the Local Agency Investment Fund, "LAIF", to fund the cash requirements for the City during the next six months.
Investment activity: This month, the City Manager authorized Meeder to purchase an additional $13 million in long-term investments. They purchased securities with long maturities to maximize the purchase yield. Interest rates have increased since the purchases. All purchases have complied with the Investment Policy that has the following objectives which are presented in the order of priority.
Safety: The highest priority objective was achieved by investing in high quality securities that comply with the Investment Policy which was recommended by the Investment Advisory Committee and approved by the City Council.
Liquidity: The treasurer monitored daily cash flows, maintained forecasts and has confirmed that adequate funding was in place to support operations during the next six months which included the 2026 "dry period". Public Works and the City Treasurer expedited $2.1 million in assessment district project reimbursements from the Bank of New York to assist with dry period cash flows. The cash flows needed for liquidity were held in high-yield and pooled money accounts.
Yield: The portfolio managed by the City Treasurer totaled $60,915,000 and had an average current yield of 3.86%. There were no consulting fees or expenses. The funds managed by an outside investment firm (Meeder) totaled $85,268,000 and had an average current yield of 3.0% according to the US Bank statement. The consulting fee that Meeder charged was .005% to .008% of the total funds they managed. Their charge reduced the yield on surplus funds. The investment market has increased along with the benchmark 2-year treasury yield that was 4.28% in July. Increased interest rates created an unrealized loss on the long-term investments. The unrealized loss will not impact the cash flows of the City.
City of Laguna Beach
City Treasurer Monthly Report - Unaudited
For the Month of July 2026
Receipt, Disbursements and Fund Balances Prior Month Beginning Balance Increase (Decrease) Current Month General 48,446,777.36 $ (103,008.46) $ 10,931,280.85 (19,839,822.51) $ 39,435,227.24 Special Revenue Funds 12,135,091.12 5.397.44 638,134.81 (1,636,868.36) 11,141,755.01 South Laguna 12,249,331.39 (6,075.57) 194,170.23 (697,452.45) 11,739,973.60 Transit 3,428,096.54 (5,419.28) 555,747.67 (949,780.86) 3,028,644.07 Wastewater 9,010,215.58 - 663,501.98 (2,561,163.98) 7,112,553.58 Wildfire Mitigation and Fire Safety 4,924,637.99 (778,798.50) 155,685.29 (515,344.10) 3,786,180.68 Capital Improvement 32,053,018.38 888,953.00 2,537,428.87 (3,572,162.29) 31,907,237.96 Trust Funds 4,504,470.87 408.72 29,971.99 (31,719.78) 4,503,131.80 Assessment District Construction and Debt Service 13,508,717.89 142,719.35 (2,564,564.41) 11,086,872.83 Internal Service 22,414,696.47 (1,477-35) 1,715,558.08 (1,225,353-32) 22,903,423.88 Total Receipts, Disbursements and Fund Balances $ 162,675,053.59 (20.00) $ 17,564,199.12 s (33.594,232.06) $ 146,645,000.65 Cash and Investment Performance and Management Fair Value General Ledger Bank-Tax Cost Avg. Return Externally managed fees to be added (Meeder) 84,837,005.00»_ 85,268,398.27s 85,268,398.27 3.000% a.
Internally managed (City Treasurer)
Bank of America High-Yield Checking (CT) 19,606,645.40 16,555,859.21 19,606,645.40 3.640% US Bank custodian (ST - City Treasurer "CT") 15,004,000.00 15,048,600.00 15,048,600.00 4.240% State Local Agency Funds (LAIF) (CT) 17,882,949.56 17,882,949.56 17,882,949.56 3.840% City financed Assessment Districts and Employee Loans (CT) 2,238,079.75 2,238,079.75 b. 2,238,079.75 4.620% Bank of New York Assessment District Debt (CT) 9,189,603.66 9,189,568.46 d. 9,189,603.66 3-570% Internally managed without fees (CT) 63,921,278.37 60,915,056.98 63,965,878.37 3.861% Savings, checking and change funds (CT) 461,545.40 461,545.40 461,545.40 c.
Total Cash and Investments $ 149,219,828.77$ 146,645,000.65_s 149,695,822.04 N.D. a. Avg Return was calculated by US Bank Trust and Custody. Consultant fees (Meeder) will reduce these returns. b. City financed assessment districts are reported as investments above. Date Printed: 8124/2026 c. Accounts receive earnings allowance credits which partially offset bank fees.
City of Laguna Beach
Investment Portfolio Detail - Unaudited
July 31, 2026
Investment Ratings Par Purchase Purchase Maturity Coupon Purchase Current Days to Type CUSTP S&P Moody's Value Fair Value (a) Price or Dated Date Rate Yield (b) Yield (a) Maturity BofA High Yield Checking NR NR 15,973,473.85 $ 15,973,473.85 $ 15,973.473.85 Today 3.64% 3.64% 3.64% Today (2) BofA High Yield Checking Bond Proceeds NR NR 3,633,171.55 3,633,171.55 3.633.171.55 Today 3.64% 3.64% 3.64% Today (3) Subtotal Bank Deposits 19,606,645.40 19,606,645:40 19,606,645-40 3.64% 3.64% 3.64% (4) State Investment Pool (LAIF) (a) NR NR 17,882,949.56 17,882,949.56 17,882,949.56 Today 3.84% 3.84% 3.84% Today (5) LAIF Bond Proceeds (a) NR NR 0.00 Today 3.84% 3.84% 3.84% Today (6) Subtotal Investment Pools 17,882,949.56 17.882,949.56 17,882,949.56 3.84% 3.84% 3.84% (7) US Treasury 91282CHU8 AA+ Aal 5,000,000.00 5,000,000.00 5,018,250.00 02/24/26 08/15/26 3-75% 3.59% 4.38% 15 (8) US Treasury 91282CLH2 AA+ Aa. 5,000,000.00 4,999,200.00 5,002,900.00 11/21/25 08/31/26 3.75% 3.67% 3.75% 31 (9) US Treasury 91282CHYo AA+ Aal 5,000,000.00 5,004,800.00 5,027.450.00 02/24/26 09/15/26 4.63% 3.61% 4.62% 46 (10) US Treasury 91282CKZ3 AA+ Aal 2,000,000.00 2,004,140.00 2,024,687-50 02/18/26 07/15/27 4.38% 3.47% 4.37% 349 (11) US Treasury 91282CFZ9 AA+ Aal 1,700,000.00 1,692,231.00 1,700,863.28 07/14/25 11/30/27 3.88% 3.85% 3.89% 487 (12) US Treasury 91282CGCg AA+ Aal 1,650,000.00 1,641,750.00 1,651,289.06 07/14/25 12/31/27 3.88% 3.84% 3.89% 518 (13) US Treasury 91282CNDg AA+ Aal 1,500,000.00 1,486,590.00 1,497,304.69 07/11/25 05/15/28 3.75% 3.82% 3.78% 654 (14) US Treasury 91282CNHO AA+ Aal 1,750,000.00 1,737,487.50 3,752,939.45 07/11/25 06/15/28 3.88% 3.81% 3.90% 685 (15) US Treasury 91282CHQ7 AA+ Aal 2,000,000.00 1,994,220.00 1,991,015.63 02/19/25 07/31/28 4.13% 4.27% 4.14% (16) US Treasury 91282CPC9 AA+ Aal 2,000.000.00 1,966,400.00 2,001,718.75 02/18/26: 10/15/28 3.50% 346% 3.56% (17) US Treasury 9128285M8 AA+ Aal 1,335,000.00 1,301,104-35 1,323,266.60 02/18/26 11/15/28 3.13% 3-46% 3.21% 838 (18) US Treasury 91282CJR3 AA+ Aal 1,905,000.00 1,880,596.95 1,897,930.66 07/14/25 12/31/28 3-75% 3.87% 3.80% 884 (19) US Treasury 91282CKG5 AA+ Aal 2,000,000.00 1,990,000.00 1,985,390.63 01/29/25 03/31/29 4.13% 4.32% 4.15% 974 (20) US Treasury 9128286T2 AA+ Aal 1,300,000.00 1,234,233.00 1,230,734.38 07/14/25 05/15/29 2.38% 3.88% 2.50% 1,019 (21) US Treasury 91282CLC3 AA+ Aa1 1,000,000.00 990,630.00 995,273-44 10/30/24 07/31/29 4.00% 4.11% 4.04% 1,096 (22) US Treasury 91282CMA6 AA+ Aal 2,000,000.00 1,985,540.00 1,983,828.13 01/30/25 11/30/29 4.13% 4.31% 4.15% 1,218 (23) US Treasury 91282CMG3 AA+ Aal 2,000,000.00 1,991,960.00 1,993,828.12 01/31/25 01/31/30 4.25% 4.32% 4.27% 1,280 (24) US Treasury 91282CNK3 AA+ Aal 1,600,000.00 1,570,368.00 1,597,250.00 07/11/25 06/20/30 3.88% 3.91% 3.95% 1,430 (25) US Treasury 91282CNX5 AA+ Aal 1,500,000.00 1,456,635.00 1,484,355.47 03/23/26 08/37/30 3.63% 3.88% 3.73% 1,492 (26) US Treasury 91282CPD7 AA+ Aal 1,500,000.00 1,455,000.00 1,483.593.75 03/23/26 10/31/30 3.63% 3.89% 3.74% 1,553 (27) US Treasury 91282CJQ5 AA+ Aal 1,500,000.00 1,460,340.00 1,490,390.63 03/23/26 12/31/30 3.75% 3.90% 3.85% 2,614 (28) US Treasury 91282CQD6 AA+ Aar 1,500,000.00 1,443,990.00 1,474,101.56 03/23/26 02/28/31 3.50% 3.89% 3.64% 1,673 (29) US Treasury 91282CQKO AA+ Aal 1,500,000.00 1,465.200.00 1,478,964.84 07/08/26 04/30/21 3.88% 4.20% 3.97% 1,724 (30) US Treasury 91282CQU8 AA+ Aal 1,500,000.00 1,480,425.00 1,494,902.34 07/08/26 05/31/31 4.13% 4.20% 4.18% 1,765 (31) Subtotal US Treasury 49,740,000.00 49,232,840.80 49.582.228.91 3.90% 3.86% 4.03% (32) Agency Federal Home Loan Bank 3130AQS79 AA+ Aal 1,000,000.00 999,810.00 1,000,000.00 02/07/22 08/07/26 1.38% 1.38% 2.25% 7 (33) Agency Federal Home Loan Bank 3130ANNP1 AA+ Aal 1,000,000.00 998,380.00 1,000,000.00 08/30/21 08/24/26 1.10% 1.10% 1.10% 24 (31) Agency Federal Home Loan Bank 3130ANRR3 AA+ Aal 2,000,000.00 1,992,820.00 2,000,000.00 09/17/21 09/17/26 1.00% 1.00% 1.00% 48 (35) Agency Federal Home Loan Bank 3130ANYN4 AA+ Aal 2,000,000.00 1,990,780.00 2,000,000.00 09/30/21 09/30/26 1.00% 1.00% 1.00% 61 (36) Agency Federal Home Loan Bank 3130AP4X0 AA+ Aal 1,000,000.00 995.390.00 1,000,000.00 09/30/21 09/30/26 1.00% 1.00% 101% 61 (37) Agency Federal Farm Credit Bank 3133ENBK5 AA+ Aal 1,000,000.00 993,970.00 1,000,000.00 10/20/21 10/20/26 1.14% 1.14% 115% 81 (38) Agency Federal Home Loan Bank 3130APL37 AA+* Aal 1,000,000.00 092.540.00 1,000,000.00 11/16/21 11/16/26 1.40% 1.40% 1.41% 108 (39) Agency Farmer Mac 31422XPE6 AA+ Aal 1,000,000.00 991,690.00 1,000,000.00 11/23/21 11/23/26 1.30% 1.30% 1.31% 115 (40) Agency Federal Farı Credit Bank 3122ENEM8 AA+ Aal 1,000,000.00 992.310.00 1,000,000.00 11/23/21 11/23/26 1.43% 143% 144% 115 (41) Agency Federal Home Loan Bank 3130APU78 AA+ Aal 1,000,000.00 991,710.00 1,000,000.00 11/24/21 11/24/26 1.30% 1.30% 1.31% 116 (42) Agency Federal Home Loan Bank 3130APQW8 AA+ Aar 1,000,000.00 992.530.00 1,000,000.00 11/24/21 11/24/26 1.50% 1.50% 1.51% 116 (43) Agency Federal Farm Credit Bank 3133ENFN5 AA+ Aal 1,000,000.00 992,550.00 1,000,000.00 11/20/21 11/20/26 1.54% 1.54% 1.55% 122 (44) Agency Federal Home Loan Bank 3130APV77 AA+ Aa1 2,000,000.00 1,982,400.00 2,000,000.00 12/10/21 12/10/26 1.50% 1.50% 1.51% 132 (45) Agency Federal Farm Credit Bank 3133ENHC7 AA+ AaL 2,000,000.00 1,983,100.00 2,000,000.00 12/14/21 12/14/26 1.60% 1.60% 1.61% 136 (46) Agency Federal Home Loan Bank 3130APXD2 AA+ AaL 1,000,000.00 990,820.00 1,000,000.00 12/17/21 12/17/26 1.55% 1.55% 1.56% 139 (47) Agency Federal Home Loan Bank 3130A0EW9 AA+ Aat 1,000,000.00 088,400.00 1,000,000.00 01/14/22 01/14/27 1.50% 2.50% 1.52% 267 (48) Agency Federal Home Loan Bank 3130AQHCO AA+ Aat 1,000,000.00 988,310.00 1,000,000.00 01/28/22 01/28/27 1.65% 1.65% 1.67% 181 (49) Ageucy Federal Home Loan Bank 3130AQJH7 AA+ Aat 500,000.00 494,395.00 500,000.00 01/28/22 01/28/25 1.75% 1.75% 1.77% 181 (50) Agency Federal Home Loan Bank 3130AQSM6 AA+ Aal 1,000,000.00 988.820.00 1,000,000.00 02/25/22 02/25/27 2.05% 2.05% 2.07% 200 (51) Agency Federal Farm Credit Bank 3I33ETKN6 AA+ AaI 1,250,000.00 1,234,825.00 1,252,525.00 07/14/25 10/09/29 4.00% 3.95% 4.05% 1,166 (52) Agency Mtg Back - FHLMC 3132XF7R2 AA+ AaL 1,750,000.00 1,699,250.00 1,710,693.36 07/09/26 10/01/30 3.90% 4.51% 4.15% 1,523 (53) Agency Federal Farm Credit Bank callable 3133EMUG5 AA+ Aal 1,950,000.00 1,748,272.50 1,763.248.50 07/08/26 03/24/31 1.98% 4.24% 2.21% 1,697 (54) Subtotal U.S. Government Agency Securities 27450,000.00 27,023,072.50 27,226,466.86 1.71% 1.91% 1.80% (55) CD Goldman Sacs 38149MA94 NR NR 250,000.00 248,795.00 250,000.00 09/29/21 09/29/26 1.05% 1.05% 1.05% 60 (56) CD Greenstate 39573LBAO NR NR 250,000.00 248,515.00 250,000.00 10/15/21 10/15/26 1.05% 1.05% 1.06% 76 (67) Subtotal Certificates of Deposit 500,000.00 497-310.00 500,000.00 1.05% 1.05% 1.06% 9:22 AN
City of Laguna Beach
Investment Portfolio Detail - Unaudited
July 31, 2026
Investucut Par Purchase Purchase Maturity Coupn
Type CUsIP Value Fair Value (a) Price or Dated Date Rate (58) Согр зМ Сотраду 88579YAV3 BBB+ A3 1,000,000.00 997.440.00 972,940.00 03/31/22 09/19/26 2.25% 50 (59) Corp Pricoa Global Funding 74153WCU1 AA- Ааз 1,500,000.00 1,500,735.00 1,516,155.00 02/17/26 08/27/27 4.40% (60) Corp Northwestern Mutual Global Funding 66825L2T5 AA+ Aal 1,500,000.00 1,493,970.00 1,509,540.00 02/17/26 09/12/27 4.11% (61) Corp Caterpillar Financial Services Corp 14913UAR1 A A2 1,500,000.00 1,500,210.00 1,507,740.00 07/14/25 10/15/27 4.40% (62) Corp Johnson & Johnson Callable 478160CK8 AAA Aaa 1,500,000.00 1,473,015.00 1,462,710.00 07/11/25 01/15/28 2.90% (63) Corp State Street Corp Callable 85747 CUS 1,500,000.00 1,502,940.00 1,514,265.00 07/11/25 02/28/28 4.54% (64) Corp John Deere Capital Corp 24422BVPL A Al 1,500,000.00 1,433,205.00 1,403,475.00 07/11/25 03/06/28 1.50% (65) Corp Automatic Data Processing Callable 0530154G8 AA- 1,500,000.00 1,432,260.00 1,408,830.00 07/14/25 05/15/28 1.70% (66) Corp Private Export Funding Corp 74265ŁDY5 NA Aal 1,250,000.00 1,175,337.50 1,161,612.50 07/11/25 07/15/28 1.10% (87) Corp Apple Inc Callable 037833589 AA+ Aaa 1,000,000.00 944,860.00 924,650.00 07/11/25 08/05/28 1.40% (88) Corp Walmart Inc. Callable 931142ES8 AA Aaa 1,500,000.00 2,413,405.00 1,387,335.00 07/11/25 09/22/28 1.50% (69) Corp John Deere Capital Corp 24422EXH7 A 1,000,000.00 998,620.00 994,440.00 01/31/25 01/16/29 4.50% (70) Corp Home Depot Inc Callable 4370763X7 A A2 1,000,000.00 957,400.00 933,030.00 01/31/25 06/15/29 2.95% (71) Corp Meta Platforms, Ine Callable 30303M8S4 AA- Aas 1,000,000.00 990,360.00 988,650.00 01/29/25 08/15/29 4.30% Corp Apple Ine Callable 037833DP2 AA+ Aaa 1,000,000.00 936,230.00 904,710.00 01/29/35 09/11/29 2.20% (73) 713448ES3 At 1,500,000.00 1,403,400.00 1,405,155.00 07/11/25 03/19/30 2.75% (74) Corp Metropolitan Life Global Funding 59217GFU8 AA- Aa3 1,500,000.00 1,466,370.00 1,515,975.00 02/17/26 01/12/31 4.35% (75) ) Corp NVIDIA Corp Callable 67066GAR5 AA A21 1,500,000.00 1,468,035.00 1,497,090.00 07/08/26 05/15/31 4.50% (76) Subtotal Medium-term Corporate Notes 23,087782.50 23.008,302.50 4.22% (77) Total Investment Inventory 32000000 137,806,593.23 $ 132330,600.76
(a) The yield reported by the custodial bank or the State of California at montl-end. (b) Provided by Bloomberg at the timac of purchase.
Comparison to Investment Policy Maximum Actual
8.1 U.S. Treasury Securities 100% 36%
8.2 U.S. Government Agency Securities 100%
18.3 Certificates of Deposit 25%
84 Bankers' Acceptances 25%
18.5 Commercial Paper 25%
8.6 Bank Deposits 25%
8.7 Medrim-term Corporate Notes 25%
8.8 Municipal Notes or Bonds 25%
8.9 Investment Pools 100%
8.91 Supranational Securities 5%
8.92 Money Market Mutual Funds/Share of 20%
Beneficial Interest
binemona
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