City of Manhattan Beach
Finance Department
Investment Portfolio
October 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
October 1, 2023 through October 31, 2023
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 26,653,799.67 123.27 3.620126,653,799.6726,653,799.67 3.670 Medium Term Notes 19,075,910.29 1,66016.66 3.4561,14818,414,310.0020,000,000.00 3.504 Federal Agency Issues - Coupon 28,758,474.33 1,42425.11 2.39663827,742,120.0029,000,000.00 2.429 Treasury Securities - Coupon 40,038,193.86 1,58434.96 1.93688137,730,560.0041,000,000.00 1.963 114,526,378.15 100.00%
Investments
110,540,789.67116,653,799.67 1,188 660 2.696 2.734
Cash
(not included in yield calculations)
Passbook/Checking 4,986,897.23 1 0.00014,986,897.234,986,897.23 0.000 119,513,275.38Total Cash and Investments 115,527,686.90121,640,696.90 1,188 660 2.696 2.734 Current Year
October 31
237,971.56
Fiscal Year To Date
960,855.52
Total Earnings Month Ending
__________________________________________________ ____________________ STEVE S. CHARELIAN, FINANCE DIRECTOR
Portfolio CITY
CP
Reporting period 10/01/2023-10/31/2023
Run Date: 11/22/2023 - 17:19 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
3.670Local Agency Invest. Fund3000 26,653,799.67 26,653,799.67 3.67007/01/2018 26,653,799.67SYS3000 1 26,653,799.6726,653,799.6726,653,799.67Subtotal and Average 3.670 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 926,410.29 09/12/20272.90010/25/2022 919,430.00 AA+037833DB3 1,411
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 952,810.00 AA+037833ET3 1,652
1.963AMAZON.COM LLCMTN0111 1,000,000.00 972,214.84 05/12/20261.00002/24/2022 899,430.00 AA023135BX3 923
4.282AMAZON.COM LLCMTN0116 1,000,000.00 955,654.78 08/22/20273.15002/09/2023 925,200.00 AA023135BC9 1,390
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 964,020.00 A06406RAL1 358
4.410BANK OF NY MELLOMTN0118 1,000,000.00 959,059.91 01/29/20283.40004/14/2023 908,600.00 A06406RAF4 1,550
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 1,959,080.00 AA-194162AR4 1,582
3.743COSTCO COMPANIESMTN0117 1,000,000.00 908,947.14 06/20/20271.37504/14/2023 870,350.00 A+22160KAN5 1,327
3.765COSTCO COMPANIESMTN0119 1,000,000.00 907,900.21 06/20/20271.37504/18/2023 870,350.00 A+22160KAN5 1,327
1.977Walt DisneyMTN0107 2,000,000.00 1,994,901.64 08/30/20241.75012/12/2019 1,934,840.00 A-254687FK7 303
4.593Johnson & JohnsonMTN0113 1,000,000.00 863,285.17 09/01/20270.95010/25/2022 856,100.00 AAA478160CP7 1,400
3.880Johnson & JohnsonMTN0114 1,000,000.00 884,038.16 09/01/20270.95012/22/2022 856,100.00 AAA478160CP7 1,400
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 968,820.00 A+191216CL2 310
4.374COCA-COLA COMTN0124 1,000,000.00 851,830.00 03/15/20281.00007/10/2023 839,550.00 A+191216DD9 1,596
4.163MICROSOFT CORPMTN0115 1,000,000.00 970,825.17 02/06/20273.30012/22/2022 944,710.00 AAA594918BY9 1,193
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 901,720.00 A+58933YAY1 846
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 951,880.00 A+58933YBH7 1,659
4.183WALMART INCMTN0122 1,000,000.00 906,715.98 09/17/20261.05006/12/2023 891,320.00 AA931142ER0 1,051 19,075,910.2918,414,310.0020,000,000.00Subtotal and Average 3.504 1,148 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 953,970.0031422XW99 1,566
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 941,990.00 AA+3133ENPX2 660
2.747FED FARM CR BKFAC0296 2,000,000.00 2,029,510.43 03/22/20273.15004/11/2022 1,883,240.00 AA+3133EJDV8 1,237
2.625FED FARM CR BKFAC0297 2,000,000.00 2,000,000.00 05/16/20242.62505/16/2022 1,969,620.00 AA+3133ENWP1 197
3.250FED FARM CR BKFAC0301 1,000,000.00 967,981.64 11/18/20240.87506/17/2022 954,350.003133ENEJ5 383
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 986,820.003133ENV72 999
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,026,781.80 09/13/20242.87512/11/2019 1,956,360.003130A2UW4 317
1.470Federal Home Loan BankFAC0289 1,000,000.00 1,001,306.00 08/15/20241.50002/07/2020 967,570.00 AA+3130AGWK7 288
0.312Federal Home Loan BankFAC0291 1,000,000.00 1,025,351.96 06/14/20242.87502/04/2021 983,910.00 AA+3130A1XJ2 226
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 939,580.00 AA+3130A8ZQ9 681
3.230Federal Home Loan BankFAC0300 1,000,000.00 990,620.00 06/28/20242.75006/17/2022 982,430.003130ASDS5 240 Portfolio CITY
CP
Run Date: 11/22/2023 - 17:19 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
4.343Federal Home Loan BankFAC0302 1,000,000.00 901,096.77 06/12/20260.87510/24/2022 900,110.003130AN4T4 954
4.048Federal Home Loan BankFAC0306 1,000,000.00 965,172.65 03/12/20273.00006/12/2023 937,570.00 AA+3130A3DU5 1,227
4.483Federal Home Loan BankFAC0307 1,000,000.00 980,718.06 06/09/20284.00007/10/2023 961,110.00 AA+3130AWC24 1,682
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,897,431.02 09/23/20250.37505/13/2022 1,829,480.00 AA+3137EAEX3 692
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,928,660.00 AA+3135G0W66 349
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,928,660.00 AA+3135G0W66 349
1.526Fannie MaeFAC0288 2,000,000.00 2,005,040.61 07/02/20241.75002/07/2020 1,951,240.00 AA+3135G0V75 244
0.259Fannie MaeFAC0290 1,000,000.00 1,015,308.35 07/02/20241.75002/04/2021 975,620.00 AA+3135G0V75 244
3.597Fannie MaeFAC0305 1,000,000.00 889,386.01 10/08/20270.75004/14/2023 851,020.003135G05Y5 1,437
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 980,242.45 05/15/20250.75002/24/2022 931,870.00 AA+880591EW8 561
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,086,396.58 11/01/20256.75005/13/2022 1,026,940.00 AA+880591CJ9 731 28,758,474.3327,742,120.0029,000,000.00Subtotal and Average 2.429 638 Treasury Securities - Coupon
2.234US TREASURYUST0033 1,000,000.00 995,039.06 02/29/20242.12505/13/2019 988,980.00912828W48 120
2.240US TREASURYUST0034 1,000,000.00 994,687.50 03/31/20242.12505/13/2019 986,370.00912828W71 151
1.493US TREASURYUST0035 2,000,000.00 2,009,523.10 08/31/20241.87502/07/2020 1,941,400.009128282U3 304
0.561US TREASURYUST0036 1,000,000.00 993,274.47 06/30/20250.25005/28/2021 922,340.00912828ZW3 607
0.591US TREASURYUST0039 1,000,000.00 993,084.36 06/30/20250.25008/11/2021 922,340.00912828ZW3 607
1.058US TREASURYUST0047 1,000,000.00 984,808.19 05/31/20250.25012/08/2021 925,430.00912828ZT0 577
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 946,680.00912828ZC7 485
2.665US TREASURYUST0054 2,000,000.00 1,920,471.07 01/31/20271.50004/08/2022 1,798,600.00912828Z78 1,187
3.287US TREASURYUST0057 1,000,000.00 945,083.00 08/15/20261.50006/17/2022 911,560.009128282A7 1,018
3.285US TREASURYUST0059 1,000,000.00 966,695.38 05/15/20272.37509/01/2022 918,910.00912828X88 1,291
3.295US TREASURYUST0060 1,000,000.00 966,320.36 05/15/20272.37509/01/2022 918,910.00912828X88 1,291
3.241US TREASURYUST0062 1,000,000.00 896,912.72 06/30/20270.50009/01/2022 854,730.00912828ZV5 1,337
4.180US TREASURYUST0064 1,000,000.00 915,206.00 10/31/20261.62510/25/2022 909,490.00912828YQ7 1,095
3.747US TREASURYUST0066 1,000,000.00 939,566.28 08/15/20272.25002/09/2023 909,610.009128282R0 1,383
0.576US TREASURYUST0037 2,000,000.00 1,985,593.36 07/31/20250.25005/28/2021 1,837,740.0091282CAB7 638
0.620US TREASURYUST0038 1,000,000.00 991,661.58 08/31/20250.25005/28/2021 915,660.0091282CAJ0 669
0.601US TREASURYUST0040 1,000,000.00 992,747.50 07/31/20250.25008/11/2021 918,870.0091282CAB7 638
0.586US TREASURYUST0041 1,000,000.00 992,069.78 08/31/20250.25008/11/2021 915,660.0091282CAJ0 669
0.658US TREASURYUST0042 1,000,000.00 992,979.34 11/30/20250.37508/09/2021 908,560.0091282CAZ4 760
0.681US TREASURYUST0043 1,000,000.00 990,759.58 07/31/20250.25010/05/2021 918,870.0091282CAB7 638
0.707US TREASURYUST0044 2,000,000.00 1,976,901.44 10/31/20250.25010/05/2021 1,818,680.0091282CAT8 730
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 891,090.0091282CCW9 1,034 Portfolio CITY
CP
Run Date: 11/22/2023 - 17:19 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2023
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
0.892US TREASURYUST0046 1,000,000.00 991,732.72 07/31/20260.62510/05/2021 891,060.0091282CCP4 1,003
1.191US TREASURYUST0048 1,000,000.00 987,545.08 05/31/20260.75012/09/2021 899,180.0091282CCF6 942
1.176US TREASURYUST0049 1,000,000.00 990,513.58 06/30/20260.87512/09/2021 900,860.0091282CCJ8 972
1.210US TREASURYUST0050 1,000,000.00 989,148.45 09/30/20260.87512/09/2021 892,810.0091282CCZ2 1,064
1.678US TREASURYUST0052 2,000,000.00 1,931,563.91 09/30/20250.25002/24/2022 1,825,780.0091282CAM3 699
2.581US TREASURYUST0053 1,000,000.00 950,944.94 10/31/20261.12504/08/2022 895,980.0091282CDG3 1,095
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 963,560.0091282CEH0 531
3.187US TREASURYUST0056 1,000,000.00 920,994.76 07/31/20260.62506/17/2022 891,060.0091282CCP4 1,003
3.302US TREASURYUST0058 1,000,000.00 924,410.65 09/30/20260.87506/17/2022 892,810.0091282CCZ2 1,064
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 945,900.0091282CEW7 1,337
3.309US TREASURYUST0063 1,000,000.00 979,788.81 07/31/20272.75009/01/2022 927,380.0091282CFB2 1,368
3.787US TREASURYUST0065 1,000,000.00 959,884.27 07/31/20272.75012/22/2022 927,380.0091282CFB2 1,368
3.804US TREASURYUST0067 2,000,000.00 1,977,621.33 01/31/20283.50002/09/2023 1,896,320.0091282CGH8 1,552 40,038,193.8637,730,560.0041,000,000.00Subtotal and Average 1.963 881 Total and Average 116,653,799.67 2.734 660110,540,789.67 114,526,378.15 Portfolio CITY
CP
Run Date: 11/22/2023 - 17:19 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
October 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 4,986,897.23 4,986,897.2307/01/2018 4,986,897.23SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 121,640,696.90 2.734 660
1 115,527,686.90 119,513,275.38
Portfolio CITY
CP
Run Date: 11/22/2023 - 17:19 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of October 31, 202
3 PORTFOLIO PROFILE Oct 31, 2023 Sep 30, 2023 Aug 31, 2023 Jul 31, 2023 Jun 30, 2023 Total Book Value (Excluding Trust Funds) $114,526,378 $122,202,752 $126,206,553 $129,212,774 $135,056,946 Increase/(Decrease) from Prior Period (7,676,374) (4,003,801) (3,006,221) (5,844,171) (921,490) Percentage Change (6.3%) (3.2%) (2.3%) (4.3%) (0.7%)
Average Yield to Maturity (365 Days) 2.734% 2.755% 2.719% 2.671% 2.607% Increase/(Decrease) from Prior Period (0.021%) 0.035% 0.049% 0.064% 0.085%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $26,653,800 22.85% 3.670% Next 12 months 42%
Medium Term Notes 20,000,000 17.1% 3.504% Months 13-24 18% Federal Agencies 29,000,000 24.9% 2.429% Months 25-36 15% U.S. Treasuries 41,000,000 35.1% 1.963% Months 37-48 17% Total $116,653,800 100.0% 2.733% Months 49-60 9%
*LAIF YTM as of October 31, 2023 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM FHLB - 4% Coupon 7/10/2023 6/9/2028 1,000,000 4.483%
CL - 4.6% Coupon 7/10/2023 3/1/2028 2,000,000 4.690%
KO - 1% Coupon 7/10/2023 3/15/2028 1,000,000 4.374%
Total Purchases $4,000,00 0 4.559%
Matured: MSFT - 2% Coupon 8/8/2023 8/8/2023 1,000,000 2.025% Matured: BK - 2.2% Coupon 8/16/2023 8/16/2023 1,000,000 1.951% Matured: T - 1.375% Coupon 8/31/2023 8/31/2023 1,000,000 2.432% Matured: FNMA - 2.875% Coupon 9/12/2023 9/12/2023 1,000,000 0.499% Matured: TMC - 3.460964% Coupon 9/20/2023 9/20/2023 1,000,000 3.461% Matured: TMC - 2.25% Coupon 10/18/2023 10/18/2023 1,000,000 2.634% Total Maturing/Calls $6,000,000 2.167%
City of Manhattan Beach
Investment Portfolio Summary
As of October 31, 202
3 3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
August 2023 5.56% 5.54% 4.90% 4.31% 4.17%
September 2023 5.56% 5.51% 5.02% 4.49% 4.38%
October 2023 5.60% 5.57% 5.07% 4.77% 4.80%
Portfolio 2.734% 2.734% 2.734% 2.734% 2.734%
LAIF 3 670% 3 670% 3 670% 3 670% 3 670%
Portfolio, 2.734%
LAIF, 3.670%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
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
November 2023 through October 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 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 1/29/28 4.41% BK nc $1.0M 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% MRK MW: 10 $1.0M Feb 27 2/6/27 4.16% MSFT 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 3/1/28 4.69% CL nc $2.0M 3/12/27 4.05% FHLB nc $1.0M 3/15/28 4.37% KO nc $1.0M
Apr 24 Apr 25 4/15/25 2.75% T nc $1.0M Apr 26 Apr 27 Apr 28 May 24 5/16/24 2.6% 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 May 28 5/17/28 4.21% MRK nc $1.0M 5/31/25 1.06% T nc $1.0M 5/12/26 1.96% AMZN nc $1.0M 5/15/27 3.29% T nc $1.0M 5/10/28 4.17% AAPL nc $1.0M Jun 24 6/14/24 0.3% 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 6/20/27 3.74% COST nc $1.0M Jun 28 6/9/28 4.48% FHLB nc $1.0M 6/28/24 3.2% 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 6/30/27 3.30% T nc $1.0M
6/20/27 3.76% COST nc $1.0M
Jul 24 7/2/24 1.5% 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 Jul 28 7/2/24 0.3% 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 24 8/15/24 1.5% 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 Aug 28 8/30/24 2.0% DIS 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% AMZN nc $1.0M 8/31/24 1.5% T nc $2.0M 8/22/25 1.87% FFCB nc $1.0M
Sep 24 9/6/24 1.9% KO 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% AAPL nc $1.0M Sep 28 9/13/24 1.8% 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% JNJ nc $1.0M 9/30/25 1.68% T nc $2.0M 9/17/26 4.18% WMT nc $1.0M 9/1/27 3.88% JNJ nc $1.0M Oct 24 10/15/24 1.7% 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 10/8/27 3.60% FNMA nc $1.0M Oct 28 10/15/24 1.5% FNMA nc $2.0M 10/31/26 4.18% T nc $1.0M
10/24/24 1.9% BK 9/6/24 $1.0M
Total By Year (excl LAIF) $22.0m $21.0m $17.0m $20.0m $10.0m % of Total Securities (excl LAIF) 24% 23% 19% 22% 11%
% of Total Investments (incl LAIF) 42% 18% 15% 17% 9%
Total Securities 77% $90.0M
LAIF 23% $26.7M
Total Investments 100%
$116.7M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of October 31, 202
3 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $26,653,800 22.8% $75,000,000 Yes Treasury Securities
US Treasury $41,000,000 35.1% 5 Years Yes
Total U.S. Treasuries (35) TRUE $41,000,000 35.1%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.7% 5.0% Yes 5 Years Yes
Amazon 2,000,000 1.7% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.7% 5.0% Yes 5 Years Yes
Walmart 1,000,000 0.9% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.7% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $9,000,000 7.7% 10.0% Yes
Bank of NY 2,000,000 1.7% 5.0% Yes 5 Years Yes
Total Financial Sector $2,000,000 1.7% 10.0% Yes
Johnson & Johnson 2,000,000 1.7% 5.0% Yes 5 Years Yes
Merck 2,000,000 1.7% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $4,000,000 3.4% 10.0% Yes
Apple Inc 2,000,000 1.7% 5.0% Yes 5 Years Yes
Microsoft Corp 1,000,000 0.9% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.6% 10.0% Yes
Walt Disney Co 2,000,000 1.7% 5.0% Yes 5 Years Yes
Total Communication Services Sector $2,000,000
Total Medium Term Notes (18) TRUE $20,000,000 17.1% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $9,000,000 7.7% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 7,000,000 6.0% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 8,000,000 6.9% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.7% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.9% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.7% 33.3% Yes 5 Years Yes Total Federal Agencies (22) TRUE $29,000,000 24.9% 60.0% Yes Total Portfolio $116,653,800 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $26,653,799.67
Treasury Securities 40,038,193.86
Federal Agency Issues-Coupon 28,758,474.33
Medium Term Notes 19,075,910.29
Subtotal Investments $114,526,378.15
Demand Deposit/Petty Cash
Cash in Bank $4,986,897.23
Petty Cash 2,280.41
$4,989,177.64
Subtotal City Cash & Investments $119,515,555.79
Bond Funds Held in Trust
Police Fire Refunding $59.55
Fire Station 2 COPs 75.49
Marine Ave Park Refunding 0.05
Metlox & Water/Wastewater Refunding 202.11
Utility Assessment Districts 1,159,649.08
Pension Obligation Bonds 2,746.43
Subtotal Bonds Held in Trust $1,162,732.71
Investment Trust Funds
PARS Pension Rate Stabilization Trust 2,719,723.53
Treasurer's Balance $123,398,012.03
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
October 31, 2023
Subtotal Demand Deposit
October 3.670
September 3.534
August 3.434
July 3.305**
June 3.167
May 2.993
LAIF Apportionment Rate(2): 3.59
LAIF Earnings Ratio(2): 0.00009812538629360
LAIF Administrative Cost(1)*: 0.29
PMIA Average Life(1): 256
LAIF Fair Value Factor(1): 0.986307739
PMIA Daily(1): 3.48
PMIA Quarter to Date(1): 3.42
Treasuries
61.60%
Agencies
21.62%
Certificates of
Deposit/Bank Notes
7.81%
Time
Deposits
3.11%
Commercial
Paper
5.32%
Corporate
Bonds
0.31%
Loans
0.23%
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). *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. ** Revised
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 11/14/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/23
Chart does not include $2,300,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/23
$165.7 billion