City of Manhattan Beach
Finance Department
Investment Portfolio
March 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.
CITY OF MANHATTAN BEACH
Portfolio Management
March 1, 2024 through March 31, 2024
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 22,908,774.12 119.59 4.174122,908,774.1222,908,774.12 4.232 Medium Term Notes 22,061,040.45 1,65918.86 3.5911,07121,846,320.0023,000,000.00 3.641 Federal Agency Issues - Coupon 30,773,703.53 1,44826.31 2.55556230,301,920.0031,000,000.00 2.591 Treasury Securities - Coupon 41,200,576.78 1,59135.23 2.07983839,578,810.0042,000,000.00 2.108 116,944,094.88 100.00%
Investments
114,635,824.12118,908,774.12 1,255 645 2.900 2.940
Cash
(not included in yield calculations)
Passbook/Checking 4,891,962.25 1 0.00014,891,962.254,891,962.25 0.000 121,836,057.13Total Cash and Investments 119,527,786.37123,800,736.37 1,255 645 2.900 2.940 Current Year
March 31
251,965.96
Fiscal Year To Date
2,109,263.53
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 03/01/2024-03/31/2024
Run Date: 05/03/2024 - 11:09 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.232Local Agency Invest. Fund3000 22,908,774.12 22,908,774.12 4.23207/01/2018 22,908,774.12SYS3000 1 22,908,774.1222,908,774.1222,908,774.12Subtotal and Average 4.232 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 935,170.97 09/12/20272.90010/25/2022 946,800.00 AA+037833DB3 1,259
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 984,240.00 AA+037833ET3 1,500
1.963AMAZON.COM LLCMTN0111 1,000,000.00 977,061.09 05/12/20261.00002/24/2022 923,430.00 AA023135BX3 771
4.282AMAZON.COM LLCMTN0116 1,000,000.00 961,004.74 08/22/20273.15002/09/2023 953,090.00 AA023135BC9 1,238
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 980,710.00 A06406RAL1 206
4.410BANK OF NY MELLOMTN0118 1,000,000.00 963,528.81 01/29/20283.40004/14/2023 949,760.00 A06406RAF4 1,398
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,021,240.00 AA-194162AR4 1,430
3.743COSTCO COMPANIESMTN0117 1,000,000.00 920,408.34 06/20/20271.37504/14/2023 904,790.00 A+22160KAN5 1,175
3.765COSTCO COMPANIESMTN0119 1,000,000.00 919,493.19 06/20/20271.37504/18/2023 904,790.00 A+22160KAN5 1,175
1.977Walt DisneyMTN0107 2,000,000.00 1,997,086.66 08/30/20241.75012/12/2019 1,969,780.00 A-254687FK7 151
4.593Johnson & JohnsonMTN0113 1,000,000.00 879,680.02 09/01/20270.95010/25/2022 889,860.00 AAA478160CP7 1,248
3.880Johnson & JohnsonMTN0114 1,000,000.00 897,944.31 09/01/20270.95012/22/2022 889,860.00 AAA478160CP7 1,248
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 984,610.00 A+191216CL2 158
4.374COCA-COLA COMTN0124 1,000,000.00 866,778.90 03/15/20281.00007/10/2023 876,780.00 A+191216DD9 1,444
4.060COCA-COLA COMTN0126 1,000,000.00 885,190.00 03/15/20281.00002/05/2024 876,780.00 A+191216DD9 1,444
4.163MICROSOFT CORPMTN0115 1,000,000.00 974,877.23 02/06/20273.30012/22/2022 969,290.00 AAA594918BY9 1,041
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 927,340.00 A+58933YAY1 694
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 983,010.00 A+58933YBH7 1,507
5.044PepsicoMTN0125 1,000,000.00 977,524.66 05/15/20284.45011/02/2023 999,530.00 A+713448FR4 1,505
4.440TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,009,170.00 01/05/20294.65002/05/2024 993,880.0089236TLL7 1,740
4.183WALMART INCMTN0122 1,000,000.00 921,994.53 09/17/20261.05006/12/2023 916,750.00 AA931142ER0 899 22,061,040.4521,846,320.0023,000,000.00Subtotal and Average 3.641 1,071 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 981,450.0031422XW99 1,414
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 959,870.00 AA+3133ENPX2 508
2.747FED FARM CR BKFAC0296 2,000,000.00 2,025,552.25 03/22/20273.15004/11/2022 1,927,020.00 AA+3133EJDV8 1,085
2.625FED FARM CR BKFAC0297 2,000,000.00 2,000,000.00 05/16/20242.62505/16/2022 1,993,200.00 AA+3133ENWP1 45
3.250FED FARM CR BKFAC0301 1,000,000.00 979,554.54 11/18/20240.87506/17/2022 973,340.003133ENEJ5 231
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 998,140.003133ENV72 847
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,024,350.00 AA+3133EPA47 1,675
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,015,648.49 09/13/20242.87512/11/2019 1,978,560.003130A2UW4 165 Portfolio CITY
CP
Run Date: 05/03/2024 - 11:09 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
1.470Federal Home Loan BankFAC0289 1,000,000.00 1,001,306.00 08/15/20241.50002/07/2020 985,910.00 AA+3130AGWK7 136
0.312Federal Home Loan BankFAC0291 1,000,000.00 1,012,086.41 06/14/20242.87502/04/2021 995,190.00 AA+3130A1XJ2 74
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 956,860.00 AA+3130A8ZQ9 529
3.230Federal Home Loan BankFAC0300 1,000,000.00 990,620.00 06/28/20242.75006/17/2022 993,660.003130ASDS5 88
4.343Federal Home Loan BankFAC0302 1,000,000.00 917,860.03 06/12/20260.87510/24/2022 932,050.003130AN4T4 802
4.048Federal Home Loan BankFAC0306 1,000,000.00 970,093.32 03/12/20273.00006/12/2023 960,030.00 AA+3130A3DU5 1,075
4.483Federal Home Loan BankFAC0307 1,000,000.00 982,571.07 06/09/20284.00007/10/2023 987,740.00 AA+3130AWC24 1,530
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,019,350.00 AA+3130AXEL8 1,621
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,920,422.82 09/23/20250.37505/13/2022 1,873,400.00 AA+3137EAEX3 540
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,962,140.00 AA+3135G0W66 197
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,962,140.00 AA+3135G0W66 197
1.526Fannie MaeFAC0288 2,000,000.00 2,002,534.24 07/02/20241.75002/07/2020 1,981,760.00 AA+3135G0V75 92
0.259Fannie MaeFAC0290 1,000,000.00 1,007,696.46 07/02/20241.75002/04/2021 990,880.00 AA+3135G0V75 92
3.597Fannie MaeFAC0305 1,000,000.00 902,331.73 10/08/20270.75004/14/2023 881,590.003135G05Y5 1,285
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 985,511.13 05/15/20250.75002/24/2022 954,040.00 AA+880591EW8 409
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,067,905.04 11/01/20256.75005/13/2022 1,029,250.00 AA+880591CJ9 579 30,773,703.5330,301,920.0031,000,000.00Subtotal and Average 2.591 562 Treasury Securities - Coupon
1.493US TREASURYUST0035 2,000,000.00 2,005,451.48 08/31/20241.87502/07/2020 1,971,680.009128282U3 152
0.561US TREASURYUST0036 1,000,000.00 994,955.86 06/30/20250.25005/28/2021 944,060.00912828ZW3 455
0.591US TREASURYUST0039 1,000,000.00 994,813.27 06/30/20250.25008/11/2021 944,060.00912828ZW3 455
1.058US TREASURYUST0047 1,000,000.00 988,771.27 05/31/20250.25012/08/2021 947,110.00912828ZT0 425
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 964,930.00912828ZC7 333
2.665US TREASURYUST0054 2,000,000.00 1,931,568.13 01/31/20271.50004/08/2022 1,844,380.00912828Z78 1,035
3.287US TREASURYUST0057 1,000,000.00 953,869.72 08/15/20261.50006/17/2022 931,950.009128282A7 866
3.285US TREASURYUST0059 1,000,000.00 970,992.75 05/15/20272.37509/01/2022 941,020.00912828X88 1,139
3.295US TREASURYUST0060 1,000,000.00 970,666.12 05/15/20272.37509/01/2022 941,020.00912828X88 1,139
3.241US TREASURYUST0062 1,000,000.00 909,798.63 06/30/20270.50009/01/2022 883,440.00912828ZV5 1,185
4.180US TREASURYUST0064 1,000,000.00 927,925.10 10/31/20261.62510/25/2022 930,820.00912828YQ7 943
3.747US TREASURYUST0066 1,000,000.00 946,891.58 08/15/20272.25002/09/2023 933,710.009128282R0 1,231
0.576US TREASURYUST0037 2,000,000.00 1,989,046.34 07/31/20250.25005/28/2021 1,881,560.0091282CAB7 486
0.620US TREASURYUST0038 1,000,000.00 993,583.36 08/31/20250.25005/28/2021 937,580.0091282CAJ0 517
0.601US TREASURYUST0040 1,000,000.00 994,488.10 07/31/20250.25008/11/2021 940,780.0091282CAB7 486
0.586US TREASURYUST0041 1,000,000.00 993,899.83 08/31/20250.25008/11/2021 937,580.0091282CAJ0 517
0.658US TREASURYUST0042 1,000,000.00 994,431.89 11/30/20250.37508/09/2021 930,350.0091282CAZ4 608 Portfolio CITY
CP
Run Date: 05/03/2024 - 11:09 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
March 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
0.681US TREASURYUST0043 1,000,000.00 992,977.28 07/31/20250.25010/05/2021 940,780.0091282CAB7 486
0.707US TREASURYUST0044 2,000,000.00 1,981,851.13 10/31/20250.25010/05/2021 1,862,960.0091282CAT8 578
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 914,100.0091282CCW9 882
0.892US TREASURYUST0046 1,000,000.00 993,073.36 07/31/20260.62510/05/2021 913,910.0091282CCP4 851
1.191US TREASURYUST0048 1,000,000.00 989,680.21 05/31/20260.75012/09/2021 921,290.0091282CCF6 790
1.176US TREASURYUST0049 1,000,000.00 992,094.65 06/30/20260.87512/09/2021 922,030.0091282CCJ8 820
1.210US TREASURYUST0050 1,000,000.00 990,817.92 09/30/20260.87512/09/2021 915,200.0091282CCZ2 912
1.678US TREASURYUST0052 2,000,000.00 1,946,771.93 09/30/20250.25002/24/2022 1,868,980.0091282CAM3 547
2.581US TREASURYUST0053 1,000,000.00 958,303.20 10/31/20261.12504/08/2022 918,440.0091282CDG3 943
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 975,940.0091282CEH0 379
3.187US TREASURYUST0056 1,000,000.00 933,806.42 07/31/20260.62506/17/2022 913,910.0091282CCP4 851
3.302US TREASURYUST0058 1,000,000.00 936,039.78 09/30/20260.87506/17/2022 915,200.0091282CCZ2 912
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 965,700.0091282CEW7 1,185
3.309US TREASURYUST0063 1,000,000.00 982,263.65 07/31/20272.75009/01/2022 949,690.0091282CFB2 1,216
3.787US TREASURYUST0065 1,000,000.00 964,796.40 07/31/20272.75012/22/2022 949,690.0091282CFB2 1,216
3.804US TREASURYUST0067 2,000,000.00 1,980,062.64 01/31/20283.50002/09/2023 1,941,480.0091282CGH8 1,400
4.816US TREASURYUST0068 1,000,000.00 983,663.49 08/31/20284.37511/01/2023 1,004,100.0091282CHX2 1,613
3.750US TREASURYUST0069 2,000,000.00 2,022,560.00 01/31/20294.00002/02/2024 1,979,380.0091282CJW2 1,766 41,200,576.7839,578,810.0042,000,000.00Subtotal and Average 2.108 838 Total and Average 118,908,774.12 2.940 645114,635,824.12 116,944,094.88 Portfolio CITY
CP
Run Date: 05/03/2024 - 11:09 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
March 31, 2024
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 4,891,962.25 4,891,962.2507/01/2018 4,891,962.25SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 123,800,736.37 2.940 645
1 119,527,786.37 121,836,057.13
Portfolio CITY
CP
Run Date: 05/03/2024 - 11:09 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of March 31, 2024
PORTFOLIO PROFILE Mar 31, 2024 Feb 29, 2024 Jan 31, 2024 Dec 31, 2023Nov 30, 2023 Total Book Value (Excluding Trust Funds)$116,944,095$119,938,925 $114,017,044 $113,762,069 $115,482,035 Increase/(Decrease) from Prior Period (2,994,830) 5,921,881 254,974 (1,719,966) 955,657 Percentage Change (2.5%) 5.1% 0.2% (1.5%) 0.8%
Average Yield to Maturity (365 Days) 2.940% 2.934% 2.839% 2.820% 2.819% Increase/(Decrease) from Prior Period 0.006% 0.095% 0.020% 0.002% (0.021%)
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTMTime Horizon Percent LAIF* $22,908,774 19.27% 4.232%Next 12 months 38%
Medium Term Notes 23,000,000 19.3% 3.640%Months 13-24 19% Federal Agencies 31,000,000 26.1% 2.591%Months 25-36 17% U.S. Treasuries 42,000,000 35.3% 2.108%Months 37-48 19% Total $118,908,774 100.0% 2.939%Months 49-60 8%
*LAIF YTM as of March 31, 2024 BAD Total 100.0%
RECENT ACTIVITY
Security Date of ActivityMaturity DatePurchase (Par)Maturing/Call YTM T - 4% Coupon 2/8/2024 1/31/2029 2,000,000 3.750%
KO - 1% Coupon 2/2/2024 3/15/2028 1,000,000 4.060%
TOYOTA - 4.65% Coupon 2/5/2024 1/5/2029 1,000,000 4.440% Total Purchases $4,000,000 4.000%
Matured: TMC - 2.25% Coupon 10/18/2023 10/18/2023 1,000,000 2.634% Matured: T - 1.375% Coupon 8/31/2023 8/31/2023 1,000,000 2.432% Matured: T - 2.125% Coupon 2/29/2024 2/29/2024 1,000,000 2.234% Matured: T - 2.125% Coupon 3/31/2024 3/31/2024 1,000,000 2.240% Total Maturing/Calls $4,000,000 2.385%
City of Manhattan Beach
Investment Portfolio Summary
As of March 31, 2024
3-Month 6-Month 2-Year 5-Year 10-YearJanuary 20245.45% 5.21% 4.32% 3.98% 4.06%February 20245.44% 5.28% 4.54% 4.19% 4.21%March 20245.47% 5.36% 4.59% 4.20% 4.21%Portfolio2.940% 2.940% 2.940% 2.940% 2.940%LAIF4.232%4.232%4.232%4.232%4.232%Portfolio, 2.940%LAIF, 4.232%0.00%1.00%2.00%3.00%4.00%5.00%6.00%US Treasuries Yield Curvewww.treas.govMonthly 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 2024 through March 2029
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 24 Apr 25 4/15/25 2.75% T nc $1.0MApr 26 Apr 27 Apr 28 May 245/16/24 2.6% FFCB nc $2.0MMay 255/15/25 1.76% TVA nc $1.0MMay 265/31/26 1.19% T nc $1.0MMay 275/15/27 3.28% T nc $1.0MMay 285/10/28 4.17% AAPL 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 5/17/28 4.21% MRK nc $1.0M 5/15/28 5.03% PEP nc $1.0M
Jun 24 6/14/24 0.3% FHLB nc $1.0MJun 25 6/30/25 0.56% T nc $1.0MJun 26 6/30/26 1.18% T nc $1.0MJun 27 6/20/27 3.74% COSTnc $1.0MJun 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% COSTnc $1.0M
Jul 24 7/2/24 1.5% FNMA nc $2.0MJul 25 7/31/25 0.58% T nc $2.0MJul 26 7/31/26 0.89% T nc $1.0MJul 27 7/31/27 3.31% T nc $1.0MJul 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 248/15/24 1.5% FHLB nc $1.0MAug 258/31/25 0.62% T nc $1.0MAug 268/31/26 0.91% T nc $1.0MAug 278/15/27 3.75% T nc $1.0MAug 288/31/28 4.82% T nc $1.0M 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 $1.0MSep 25 9/12/25 1.87% FHLBnc $1.0MSep 26 9/30/26 1.21% T nc $1.0MSep 27 9/12/27 4.91% AAPLnc $1.0MSep 28 9/8/28 4.86% FHLB nc $1.0M 9/13/24 1.8% FHLB nc $2.0M 9/23/25 2.72% FHLMC 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% FNMAnc $2.0MOct 25 10/31/25 0.71% T nc $2.0MOct 26 10/31/26 2.58% T nc $1.0MOct 27 10/8/27 3.60% FNMAnc $1.0MOct 28 10/15/24 1.5% FNMAnc $2.0M 10/31/26 4.18% T nc $1.0M
10/24/24 1.9% BK 9/6/24 $1.0M
Nov 2411/18/24 3.3% FFCBnc $1.0MNov 2511/30/25 0.66% T nc $1.0MNov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0M 11/1/25 2.89% TVA nc $1.0M
Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Jan 25 Jan 26 Jan 27 1/31/27 2.67% T nc $2.0MJan 28 1/29/28 4.41% BK nc $1.0MJan 29 1/5/29 4.44%TOYOTA nc $1.0M 1/31/28 3.80% T nc $2.0M 1/31/29 3.75% T nc $2.0M
Feb 25 2/28/25 1.0% T nc $1.0M Feb 26 2/24/26 0.95% MRKMW: 10 $1.0MFeb 27 2/6/27 4.16% MSFTnc $1.0MFeb 28 2/14/28 3.85%FAMCA nc $1.0MFeb 29 Mar 25 Mar 26 Mar 27 3/22/27 2.75% FFCB nc $2.0MMar 28 3/1/28 4.69% CL nc $2.0MMar 29 3/12/27 4.05% FHLB nc $1.0M 3/15/28 4.37% KO nc $1.0M
3/15/28 4.06% KO nc $1.0M
Total By Year (excl LAIF) $22.0m $22.0m $20.0m $22.0m $10.0m Average YTM 1.7% 1.3% 2.8% 3.9% 4.5%
% of Total Securities (excl LAIF) 23% 23% 21% 23% 10%
% of Total Investments (incl LAIF) 38% 19% 17% 19% 8%
Total Securities 81% $96.0M
LAIF 19% $22.9M
Total Investments 100% $118.9M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of March 31, 2024
Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $22,908,774 19.3% $75,000,000 Yes Treasury Securities
US Treasury $42,000,000 35.3% 5 Years Yes
Total U.S. Treasuries (35)TRUE $42,000,000 35.3%
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 0.8% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.7% 5.0% Yes 5 Years Yes
Pepsi Cola 1,000,000 0.8% 5.0% Yes 5 Years Yes
Coca-Cola 1,000,000 0.8% 5.0% Yes 6 Years Yes
Toyota Moto Credit Corp 1,000,000 0.8% 5.0% Yes 6 Years Yes Total Consumer Goods Sector $12,000,000 10.1% 10.0% No
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 0.8% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.5% 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 (21)TRUE $23,000,000 19.3% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $10,000,000 8.4% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 8,000,000 6.7% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 8,000,000 6.7% 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 0.8% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.7% 33.3% Yes 5 Years Yes Total Federal Agencies (24)TRUE $31,000,000 26.1% 60.0% Yes Total Portfolio $118,908,774 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $22,908,774.12
Treasury Securities 41,200,576.78
Federal Agency Issues-Coupon 30,773,703.53
Medium Term Notes 22,061,040.45
Subtotal Investments $116,944,094.88
Investments In Transit (Cash Received 4/1/24) 994,687.50 Demand Deposit/Petty Cash
Cash in Bank $4,891,962.25
Petty Cash 2,280.41
$4,894,242.66
Subtotal City Cash & Investments $122,833,025.04
Bond Funds Held in Trust
Police Fire Refunding $1,616.41
Fire Station 2 COPs 670.81
Marine Ave Park Refunding 1.02
Metlox & Water/Wastewater Refunding 1,593.83
Utility Assessment Districts 1,153,521.51
Pension Obligation Bonds 11,112.72
Subtotal Bonds Held in Trust $1,168,516.30
Investment Trust Funds
PARS Pension Rate Stabilization Trust 3,572,205.06
Treasurer's Balance $127,573,746.40
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
March 31, 2024
Subtotal Demand Deposit
March 4.232
February 4.122
January 4.012
December 3.929
November 3.843
October 3.670
LAIF Apportionment Rate(2): 4.30
LAIF Earnings Ratio(2): 0.00011755619077389
LAIF Administrative Cost(1)*: 0.27
PMIA Average Life(1): 226
LAIF Fair Value Factor(1): 0.994191267
PMIA Daily(1): 4.22
PMIA Quarter to Date(1): 4.12
Treasuries
58.24%
Agencies
22.16%
Certificates of
Deposit/Bank Notes
9.23%
Time
Deposits
3.25%
Commercial
Paper
6.47%
Corporate
Bonds
0.43%
Loans
0.22%
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.
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 4/17/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/24
Chart does not include $2,005,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
3/31/24
$156.5 billion