City of Manhattan Beach
Finance Department
Investment Portfolio
March 2023
As Finance Director for the City of Manhattan Beach, I hereby certify that these investments are in compliance with the City’s investment policy (unless otherwise noted). Sufficient liquidity has been maintained to meet budget expenditure requirements for the current six month period.
CITY OF MANHATTAN BEACH
Portfolio Management
March 1, 2023 through March 31, 2023
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 39,000,000.00 130.63 2.792139,000,000.0039,000,000.00 2.831 Medium Term Notes 15,511,056.45 1,66712.18 2.78378015,299,380.0016,000,000.00 2.821 Federal Agency Issues - Coupon 30,935,870.65 1,42924.30 2.24665730,075,130.0031,000,000.00 2.277 Treasury Securities - Coupon 41,880,289.09 1,58732.89 1.9581,04940,182,780.0043,000,000.00 1.985 127,327,216.19 100.00%
Investments
124,557,290.00129,000,000.00 1,073 600 2.384 2.417
Cash
(not included in yield calculations)
Passbook/Checking 11,397,757.49 1 0.000111,397,757.4911,397,757.49 0.000 138,724,973.68Total Cash and Investments 135,955,047.49140,397,757.49 1,073 600 2.384 2.417 Current Year
March 31
221,048.27
Fiscal Year To Date
1,648,148.00
Total Earnings Month Ending
__________________________________________________ ____________________ STEVE S. CHARELIAN, FINANCE DIRECTOR
Portfolio CITY
CP
Reporting period 03/01/2023-03/31/2023
Run Date: 05/05/2023 - 16:46 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
2.831Local Agency Invest. Fund3000 39,000,000.00 39,000,000.00 2.83107/01/2018 39,000,000.00SYS3000 1 39,000,000.0039,000,000.0039,000,000.00Subtotal and Average 2.831 1 Medium Term Notes
3.298APPLE INCMTN0098 1,000,000.00 997,244.68 05/03/20232.40005/22/2018 998,160.00 AA+037833AK6 32
4.905APPLE INCMTN0112 1,000,000.00 917,649.61 09/12/20272.90010/25/2022 957,160.00037833DB3 1,625
1.963AMAZON.COM LLCMTN0111 1,000,000.00 967,368.59 05/12/20261.00002/24/2022 906,640.00 AA023135BX3 1,137
4.282AMAZON.COM LLCMTN0116 1,000,000.00 951,464.00 08/22/20273.15002/09/2023 963,460.00023135BC9 1,604
1.951BANK OF NY MELLOMTN0106 1,000,000.00 1,009,011.00 08/16/20232.20009/09/2019 988,500.00 A06406FAD5 137
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 954,700.00 A06406RAL1 572
1.977Walt DisneyMTN0107 2,000,000.00 1,992,716.62 08/30/20241.75012/12/2019 1,925,040.00 A-254687FK7 517
4.593Johnson & JohnsonMTN0113 1,000,000.00 846,890.32 09/01/20270.95010/25/2022 885,320.00 AAA478160CP7 1,614
3.880Johnson & JohnsonMTN0114 1,000,000.00 870,132.01 09/01/20270.95012/22/2022 885,320.00 AAA478160CP7 1,614
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 971,450.00 A+191216CL2 524
2.025MICROSOFT CORPMTN0104 1,000,000.00 999,000.00 08/08/20232.00007/01/2019 989,890.00 AAA594918BQ6 129
4.163MICROSOFT CORPMTN0115 1,000,000.00 966,773.11 02/06/20273.30012/22/2022 981,010.00 AAA594918BY9 1,407
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 915,600.00 A+58933YAY1 1,060
3.461TOYOTA MOTOR CREDITMTN0099 1,000,000.00 999,500.00 09/20/20233.45009/21/2018 991,010.00 A+89236TFN0 172
2.634TOYOTA MOTOR CREDITMTN0101 1,000,000.00 997,002.51 10/18/20232.25003/26/2019 986,120.00 A+89236TDK8 200 15,511,056.4515,299,380.0016,000,000.00Subtotal and Average 2.821 780 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,001,250.0031422XW99 1,780
3.000FED FARM CR BKFAC0276 2,000,000.00 1,990,360.00 06/19/20232.89010/02/2018 1,992,480.00 AA+3133EJSD2 79
2.840FED FARM CR BKFAC0278 2,000,000.00 2,002,956.33 07/24/20233.08012/12/2018 1,988,600.00 AA+3133EJK57 114
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 945,320.00 AA+3133ENPX2 874
2.747FED FARM CR BKFAC0296 2,000,000.00 2,033,468.61 03/22/20273.15004/11/2022 1,944,940.00 AA+3133EJDV8 1,451
2.625FED FARM CR BKFAC0297 2,000,000.00 2,000,000.00 05/16/20242.62505/16/2022 1,956,260.00 AA+3133ENWP1 411
3.250FED FARM CR BKFAC0301 1,000,000.00 956,408.74 11/18/20240.87506/17/2022 946,790.003133ENEJ5 597
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,015,840.003133ENV72 1,213
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,037,915.11 09/13/20242.87512/11/2019 1,961,420.003130A2UW4 531
1.470Federal Home Loan BankFAC0289 1,000,000.00 1,001,306.00 08/15/20241.50002/07/2020 959,870.00 AA+3130AGWK7 502
0.312Federal Home Loan BankFAC0291 1,000,000.00 1,038,617.51 06/14/20242.87502/04/2021 981,110.00 AA+3130A1XJ2 440
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 946,690.00 AA+3130A8ZQ9 895
3.230Federal Home Loan BankFAC0300 1,000,000.00 990,620.00 06/28/20242.75006/17/2022 978,960.003130ASDS5 454
4.343Federal Home Loan BankFAC0302 1,000,000.00 884,333.51 06/12/20260.87510/24/2022 907,760.003130AN4T4 1,168 Portfolio CITY
CP
Run Date: 05/05/2023 - 16:46 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,874,439.22 09/23/20250.37505/13/2022 1,827,220.00 AA+3137EAEX3 906
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,921,800.00 AA+3135G0W66 563
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,921,800.00 AA+3135G0W66 563
1.526Fannie MaeFAC0288 2,000,000.00 2,007,546.98 07/02/20241.75002/07/2020 1,929,600.00 AA+3135G0V75 458
0.259Fannie MaeFAC0290 1,000,000.00 1,022,920.24 07/02/20241.75002/04/2021 964,800.00 AA+3135G0V75 458
0.499Fannie MaeFAC0292 1,000,000.00 1,018,986.51 09/12/20232.87502/04/2021 990,970.00 AA+3135G0U43 164
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 974,973.77 05/15/20250.75002/24/2022 925,750.00 AA+880591EW8 775
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,104,888.12 11/01/20256.75005/13/2022 1,065,900.00 AA+880591CJ9 945 30,935,870.6530,075,130.0031,000,000.00Subtotal and Average 2.277 657 Treasury Securities - Coupon
2.525US TREASURYUST0029 1,000,000.00 993,037.29 07/31/20231.25002/14/2019 988,440.00912828S92 121
2.432US TREASURYUST0030 1,000,000.00 992,841.36 08/31/20231.37502/14/2019 986,290.009128282D1 152
2.234US TREASURYUST0033 1,000,000.00 995,039.06 02/29/20242.12505/13/2019 977,030.00912828W48 334
2.240US TREASURYUST0034 1,000,000.00 994,687.50 03/31/20242.12505/13/2019 975,940.00912828W71 365
1.493US TREASURYUST0035 2,000,000.00 2,013,594.72 08/31/20241.87502/07/2020 1,932,120.009128282U3 518
0.561US TREASURYUST0036 1,000,000.00 991,593.08 06/30/20250.25005/28/2021 921,680.00912828ZW3 821
0.591US TREASURYUST0039 1,000,000.00 991,355.45 06/30/20250.25008/11/2021 921,680.00912828ZW3 821
1.058US TREASURYUST0047 1,000,000.00 980,845.11 05/31/20250.25012/08/2021 922,730.00912828ZT0 791
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 945,550.00912828ZC7 699
2.665US TREASURYUST0054 2,000,000.00 1,909,374.01 01/31/20271.50004/08/2022 1,841,260.00912828Z78 1,401
3.287US TREASURYUST0057 1,000,000.00 936,296.28 08/15/20261.50006/17/2022 928,160.009128282A7 1,232
3.285US TREASURYUST0059 1,000,000.00 962,398.01 05/15/20272.37509/01/2022 949,810.00912828X88 1,505
3.295US TREASURYUST0060 1,000,000.00 961,974.60 05/15/20272.37509/01/2022 949,810.00912828X88 1,505
3.241US TREASURYUST0062 1,000,000.00 884,026.81 06/30/20270.50009/01/2022 875,900.00912828ZV5 1,551
4.180US TREASURYUST0064 1,000,000.00 902,486.90 10/31/20261.62510/25/2022 928,950.00912828YQ7 1,309
3.747US TREASURYUST0066 1,000,000.00 933,828.13 08/15/20272.25002/09/2023 943,320.009128282R0 1,597
0.576US TREASURYUST0037 2,000,000.00 1,982,140.38 07/31/20250.25005/28/2021 1,836,640.0091282CAB7 852
0.620US TREASURYUST0038 1,000,000.00 989,739.80 08/31/20250.25005/28/2021 916,060.0091282CAJ0 883
0.601US TREASURYUST0040 1,000,000.00 991,006.90 07/31/20250.25008/11/2021 918,320.0091282CAB7 852
0.586US TREASURYUST0041 1,000,000.00 990,239.73 08/31/20250.25008/11/2021 916,060.0091282CAJ0 883
0.658US TREASURYUST0042 1,000,000.00 991,526.79 11/30/20250.37508/09/2021 912,190.0091282CAZ4 974
0.681US TREASURYUST0043 1,000,000.00 988,541.88 07/31/20250.25010/05/2021 918,320.0091282CAB7 852
0.707US TREASURYUST0044 2,000,000.00 1,971,951.75 10/31/20250.25010/05/2021 1,823,520.0091282CAT8 944
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 903,750.0091282CCW9 1,248
0.892US TREASURYUST0046 1,000,000.00 990,392.08 07/31/20260.62510/05/2021 902,030.0091282CCP4 1,217 Portfolio CITY
CP
Run Date: 05/05/2023 - 16:46 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
1.191US TREASURYUST0048 1,000,000.00 985,409.95 05/31/20260.75012/09/2021 909,610.0091282CCF6 1,156
1.176US TREASURYUST0049 1,000,000.00 988,932.51 06/30/20260.87512/09/2021 911,840.0091282CCJ8 1,186
1.210US TREASURYUST0050 1,000,000.00 987,478.98 09/30/20260.87512/09/2021 905,630.0091282CCZ2 1,278
1.678US TREASURYUST0052 2,000,000.00 1,916,355.89 09/30/20250.25002/24/2022 1,830,240.0091282CAM3 913
2.581US TREASURYUST0053 1,000,000.00 943,586.68 10/31/20261.12504/08/2022 912,070.0091282CDG3 1,309
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 971,800.0091282CEH0 745
3.187US TREASURYUST0056 1,000,000.00 908,183.10 07/31/20260.62506/17/2022 902,030.0091282CCP4 1,217
3.302US TREASURYUST0058 1,000,000.00 912,781.52 09/30/20260.87506/17/2022 905,630.0091282CCZ2 1,278
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 982,730.0091282CEW7 1,551
3.309US TREASURYUST0063 1,000,000.00 977,313.97 07/31/20272.75009/01/2022 963,050.0091282CFB2 1,582
3.787US TREASURYUST0065 1,000,000.00 954,972.14 07/31/20272.75012/22/2022 963,050.0091282CFB2 1,582
3.804US TREASURYUST0067 2,000,000.00 1,975,695.44 01/31/20283.50002/09/2023 1,989,540.0091282CGH8 1,766 41,880,289.0940,182,780.0043,000,000.00Subtotal and Average 1.985 1,049 Total and Average 129,000,000.00 2.417 600124,557,290.00 127,327,216.19 Portfolio CITY
CP
Run Date: 05/05/2023 - 16:46 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
March 31, 2023
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 11,397,757.49 11,397,757.4907/01/2018 11,397,757.49SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 140,397,757.49 2.417 600
1 135,955,047.49 138,724,973.68
Portfolio CITY
CP
Run Date: 05/05/2023 - 16:46 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of March 31, 202
3 PORTFOLIO PROFILE Mar 31, 2023 Feb 28, 2023 Jan 31, 2023 Dec 31, 2022 Nov 30, 2022 Total Book Value (Excluding Trust Funds) $127,327,216 $127,327,216 $124,465,943 $118,465,943 $124,553,045 Increase/(Decrease) from Prior Period - 2,861,273 6,000,000 (6,087,101) - Percentage Change 0.0% 2.3% 5.1% (4.9%) 0.0%
Average Yield to Maturity (365 Days) 2.417% 2.353% 2.237% 2.157% 2.066% Increase/(Decrease) from Prior Period 0.063% 0.117% 0.080% 0.090% 0.076%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $39,000,000 30.23% 2.624% Next 12 months 41%
Medium Term Notes 16,000,000 12.4% 2.821% Months 13-24 17% Federal Agencies 31,000,000 24.0% 2.277% Months 25-36 17% U.S. Treasuries 43,000,000 33.3% 1.985% Months 37-48 14% Total $129,000,000 100.0% 2.352% Months 49-60 11%
*LAIF YTM as of March 31, 2023 GOOD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM MTN - 3.15% Coupon 2/9/2023 8/22/2027 1,000,000 4.282%
T - 2.25% Coupon 2/9/2023 8/15/2027 1,000,000 3.747%
T - 3.5% Coupon 2/9/2023 1/31/2028 2,000,000 3.804%
FAMCA - 3.85% Coupon 2/13/2023 2/14/2028 1,000,000 3.850% Total Purchases $5,000,00 0 3.898%
Matured: MTN - 2.5% Coupon 10/15/2022 10/15/2022 1,000,000 2.640% Matured: T - 2% Coupon 10/31/2022 10/31/2022 1,000,000 2.250% Matured: FHLB - 2.5% Coupon 12/9/2022 12/9/2022 1,000,000 2.357% Matured: FFCB - 2.57% Coupon 2/16/2023 2/16/2023 2,000,000 2.708% Total Maturing/Calls $5,000,000 2.532%
City of Manhattan Beach
Investment Portfolio Summary
As of March 31, 202
3 FUNDS HELD IN TRUST Value
Police/Fire Refunding Bonds $35.98
Fire Station 2 COPs 60.81
Marine Avenue Refunding Bonds 1.25
Pension Obligation Bonds 2,436.89
Metlox & Water/Wastewater Refunding Bonds 8,373.35
UUAD Assessment Refunding Bonds 512,323.66
UUAD Assessment District 12 & 14 403,578.84
UUAD Assessment District 4 204,036.73
PARS Investment Trust 2,813,768.43
Total Funds Held in Trust $3,944,615.94
As of March 31, 2023
3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
January 2023 4.69% 4.80% 4.21% 3.64% 3.53%
February 2023 4.79% 4.97% 4.53% 3.94% 3.75%
March 2023 4.86% 4.99% 4.30% 3.82% 3.66%
Portfolio 2.417% 2.417% 2.417% 2.417% 2.417%
LAIF 2 624% 2 624% 2 624% 2 624% 2 624%
Portfolio, 2.417%
LAIF, 2.624%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
US Treasuries Yield Curve
www.treas.gov
Monthly yields are interpolated by the Treasury from the daily yield curve.
CITY OF MANHATTAN BEACH HELD TO MATURITY
Portfolio Maturity Structure Rolling 60 Months
April 2023 through March 2028
Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Mth Mat. YTM Inv Call Amt Apr 23 Apr 24 Apr 25 4/15/25 2.75% T nc $1.0M Apr 26 Apr 27 May 23 5/3/23 3.3% MTN MW: 15 $1.0M May 24 5/16/24 2.63% FFCB nc $2.0M May 25 5/15/25 1.76% TVA nc $1.0M May 26 5/31/26 1.19% T nc $1.0M May 27 5/15/27 3.28% T nc $1.0M 5/31/25 1.06% T nc $1.0M 5/12/26 1.96% MTN nc $1.0M 5/15/27 3.29% T nc $1.0M Jun 23 6/19/23 3.0% FFCB nc $2.0M Jun 24 6/14/24 0.31% FHLB nc $1.0M Jun 25 6/30/25 0.56% T nc $1.0M Jun 26 6/30/26 1.18% T nc $1.0M Jun 27 6/30/27 3.30% T nc $1.0M 6/28/24 3.23% FHLB nc $1.0M 6/30/25 0.59% T nc $1.0M 6/12/26 4.34% FHLB nc $1.0M 6/30/27 3.24% T nc $1.0M Jul 23 7/24/23 2.8% FFCB nc $2.0M Jul 24 7/2/24 1.53% FNMA nc $2.0M Jul 25 7/31/25 0.58% T nc $2.0M Jul 26 7/31/26 0.89% T nc $1.0M Jul 27 7/31/27 3.31% T nc $1.0M 7/31/23 2.5% T nc $1.0M 7/2/24 0.26% FNMA nc $1.0M 7/31/25 0.60% T nc $1.0M 7/31/26 3.19% T nc $1.0M 7/31/27 3.79% T nc $1.0M 7/31/25 0.68% T nc $1.0M 7/27/26 4.55% FFCB nc $1.0M
Aug 23 8/31/23 2.4% T nc $1.0M Aug 24 8/15/24 1.47% FHLB nc $1.0M Aug 25 8/31/25 0.62% T nc $1.0M Aug 26 8/31/26 0.91% T nc $1.0M Aug 27 8/15/27 3.75% T nc $1.0M 8/8/23 2.0% MTN MW:12.5 $1.0M 8/30/24 1.98% MTN 7/30/24 $2.0M 8/31/25 0.59% T nc $1.0M 8/15/26 3.29% T nc $1.0M 8/22/27 4.28% MTN nc $1.0M 8/16/23 2.0% MTN 6/16/23 $1.0M 8/31/24 1.49% T nc $2.0M 8/22/25 1.87% FFCB nc $1.0M Sep 23 9/20/23 3.5% MTN nc $1.0M Sep 24 9/6/24 1.89% MTN 9/6/24 $1.0M Sep 25 9/12/25 1.87% FHLB nc $1.0M Sep 26 9/30/26 1.21% T nc $1.0M Sep 27 9/12/27 4.91% MTN nc $1.0M 9/12/23 0.5% FNMA nc $1.0M 9/13/24 1.77% FHLB nc $2.0M 9/23/25 2.72% FHLM C nc $2.0M 9/30/26 3.30% T nc $1.0M 9/1/27 4.59% MTN nc $1.0M 9/30/25 1.68% T nc $2.0M 9/1/27 3.88% MTN nc $1.0M
Oct 23 10/18/23 2.6% MTN nc $1.0M Oct 24 10/15/24 1.70% FNMA nc $2.0M Oct 25 10/31/25 0.71% T nc $2.0M Oct 26 10/31/26 2.58% T nc $1.0M Oct 27 10/15/24 1.50% FNMA nc $2.0M 10/31/26 4.18% T nc $1.0M
10/24/24 1.85% MTN 9/6/24 $1.0M
Nov 23 Nov 24 11/18/24 3.25% FFCB nc $1.0M Nov 25 11/30/25 0.66% T nc $1.0M Nov 26 Nov 27 11/1/25 2.89% TVA nc $1.0M
Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Jan 24 Jan 25 Jan 26 Jan 27 1/31/27 2.67% T
nc $2.0M Jan 28 1/31/28 3.80% T nc $2.0M
Feb 24 2/29/24 2.2% T nc $1.0M Feb 25 2/28/25 1.00% T nc $1.0M Feb 26 2/24/26 0.95% MTN MW: 10 $1.0M Feb 27 2/6/27 4.16% MTN nc $1.0M Feb 28 2/14/28 3.85% FAMCA nc $1.0M Mar 24 3/31/24 2.2% T nc $1.0M Mar 25 Mar 26 Mar 27 3/22/27 2.75% FFCB nc $2.0M Mar 28 Total By Year (excl LAIF) $14.0m $22.0m $22.0m $18.0m $14.0m % of Total Securities (excl LAIF) 16% 24% 24% 20% 16%
% of Total Investments (incl LAIF) 41% 17% 17% 14% 11%
Total Securities 70% $90.0M
LAIF 30% $39.0M
Total Investments 100%
$129.0M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of March 31, 202
3 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $39,000,000 30.2% $75,000,000 Yes Treasury Securities
US Treasury $43,000,000 33.3% 5 Years Yes
Total U.S. Treasuries (37) TRUE $43,000,000 33.3%
Medium Term (Corporate) Notes
Coca-Cola 1,000,000 0.8% 5.0% Yes 5 Years Yes
Amazon 2,000,000 1.6% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $3,000,000 2.3% 10.0% Yes
Toyota Motor Credit 2,000,000 1.6% 5.0% Yes 5 Years Yes Bank of NY 2,000,000 1.6% 5.0% Yes 5 Years Yes
Total Financial Sector $4,000,000 3.1% 10.0% Yes
Johnson & Johnson 2,000,000 1.6% 5.0% Yes 5 Years Yes
Merck 1,000,000 0.8% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $3,000,000 2.3% 10.0% Yes
Apple Inc 2,000,000 1.6% 5.0% Yes 5 Years Yes
Microsoft Corp 2,000,000 1.6% 5.0% Yes 5 Years Yes
Total Technology Sector $4,000,000 3.1% 10.0% Yes
Walt Disney Co 2,000,000 1.6% 5.0% Yes 5 Years Yes
Total Communication Services Sector $2,000,000
Total Medium Term Notes (15) TRUE $16,000,000 12.4% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $7,000,000 5.4% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 11,000,000 8.5% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 8,000,000 6.2% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.6% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.8% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.6% 33.3% Yes 5 Years Yes Total Federal Agencies (22) TRUE $31,000,000 24.0% 60.0% Yes Total Portfolio $129,000,000 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $39,000,000.00
Treasury Securities 41,880,289.09
Federal Agency Issues-Coupon 30,935,870.65
Medium Term Notes 15,511,056.45
Subtotal Investments $127,327,216.19
Demand Deposit/Petty Cash
Cash in Bank $11,397,757.49
Petty Cash 2,771.41
$11,400,528.90
Subtotal City Cash & Investments $138,727,745.09
Bond Funds Held in Trust
Police Fire Refunding $35.98
Fire Station 2 COPs 60.81
Marine Ave Park Refunding 1.25
Metlox & Water/Wastewater Refunding 8,373.35
Utility Assessment Districts 1,119,939.23
Pension Obligation Bonds 2,436.89
Subtotal Bonds Held in Trust $1,130,847.51
Investment Trust Funds
PARS Pension Rate Stabilization Trust 2,813,768.43
Treasurer's Balance $142,672,361.03
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
March 31, 2023
Subtotal Demand Deposit
March 2.831
February 2.624
January 2.425
0.00007493902135155
0.986510329
LAIF Earnings Ratio(2):
LAIF Fair Value Factor(1):
PMIA Daily(1): 2.87
2.74LAIF Apportionment Rate(2):
PMIA Quarter to Date(1): 2.63
275PMIA Average Life(1):
Treasuries
64.15%
Agencies
21.72%
Certificates of
Deposit/Bank Notes
6.48%
Time
Deposits
2.74%
Commercial
Paper
4.47%
Corporate
Bonds
0.24%
Loans
0.20%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 04/19/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/23
Chart does not include $3,085,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
03/31/23
$191.2 billion