Investment Portfolio for the Month Ending January 31, 2024 — Manhattan Beach City Council, March 19, 2024

City of Manhattan Beach
Finance Department
Investment Portfolio
January 2024
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.

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TREASURER'S REPORT
January 31, 2024
Investments
LAIF
Treasury Securities
Federal Agency Issues-Coupon
Medium Term Notes
Subtotal Investments
Demand Deposit/Petty Cash
Cash in Bank
Petty Cash
Subtotal Demand Deposit
Subtotal City Cash & Investments
Bond Funds Held in Trust
Police Fire Refunding
Fire Station 2 COPs
Marine Ave Park Refunding
Metlox & Water/Wastewater Refunding
Utility Assessment Districts
Pension Obligation Bonds
Subtotal Bonds Held in Trust
Investment Trust Funds
PARS Pension Rate Stabilization Trust
Book Value
$21,908,774.12
41,167,743.34
30,773,845.81
20,166,680.45
$114,017,043.72
$11,891,056.12
2,280.41
$11,893,336.53
$125,910,380.25
$1,515.09
628.72

0.96 1,476.36
1,173,850.43
10,415.32
$1,187,886.88
3,488,759.47
Treasurer's Balance $130,587,026.60
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PMIA/LAIF Performance Report
as of 2/14/24
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Quarterly Performance
Quarter Ended 12/31/23
LAIF Apportionment Rate12':

LAIF Earnings Ratio'21:

LAIF Administrative Cost*1'*:

LAIF Fair Value Factor11':

PMIA Daily'":

PMIA Quarter to Date111:

PMIA Average Life11':

4.00 0.00010932476863589

0.29 0.993543131

3.96 3.81
230
PMIA Average Monthly
Effective Yields*1'
January 4.012
December 3.929
November 3.843
October 3.670
September 3.534
August 3.434
Pooled Money Investment Account
Monthly Portfolio Composition <l>
1/31/24
$165.8 billion
Time
Deposits

3.13%
Commercial
Paper

5.91%.

Certificates of
Deposit/Bank Notes,

8.98%
Corporate
Bonds

0.37%
Loans

0.20%
Treasuries

58.88%
Agencies

22.53%
Chart does not include $2,112,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to Founding.

Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the CatPERS Supplemental Pension Payment pursuant to Government Code 20825 lclll) 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.

Source:
"'State of California, Office of the Treasurer
'"State ofCalfiornia, Office of the Controller

Manhattan Beach City CouncilMarch 19, 2024

Manhattan Beach City Council
March 19, 2024