City of Manhattan Beach
Finance Department
Investment Portfolio
May
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
May 1, 2024 through May 31, 2024
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 36,162,565.44 126.74 4.273136,162,565.4436,162,565.44 4.332 Medium Term Notes 22,061,040.45 1,65916.31 3.5911,01021,769,160.0023,000,000.00 3.641 Federal Agency Issues - Coupon 32,812,225.53 1,53424.27 2.78768832,349,660.0033,000,000.00 2.826 Treasury Securities - Coupon 44,188,456.78 1,60532.68 2.23584442,558,830.0045,000,000.00 2.266 135,224,288.20 100.00%
Investments
132,840,215.44137,162,565.44 1,168 608 3.135 3.179
Cash
(not included in yield calculations)
Passbook/Checking 5,500,405.89 1 0.00015,500,405.895,500,405.89 0.000 140,724,694.09Total Cash and Investments 138,340,621.33142,662,971.33 1,168 608 3.135 3.179 Current Year
May 31
295,211.43
Fiscal Year To Date
2,657,174.05
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 05/01/2024-05/31/2024
Run Date: 06/28/2024 - 16:57 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.332Local Agency Invest. Fund3000 36,162,565.44 36,162,565.44 4.33207/01/2018 36,162,565.44SYS3000 1 36,162,565.4436,162,565.4436,162,565.44Subtotal and Average 4.332 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 935,170.97 09/12/20272.90010/25/2022 942,320.00 AA+037833DB3 1,198
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 976,370.00 AA+037833ET3 1,439
1.963AMAZON.COM LLCMTN0111 1,000,000.00 977,061.09 05/12/20261.00002/24/2022 926,090.00 AA023135BX3 710
4.282AMAZON.COM LLCMTN0116 1,000,000.00 961,004.74 08/22/20273.15002/09/2023 947,760.00 AA023135BC9 1,177
1.850BANK OF NY MELLOMTN0109 1,000,000.00 1,011,205.00 10/24/20242.10002/10/2020 986,410.00 A06406RAL1 145
4.410BANK OF NY MELLOMTN0118 1,000,000.00 963,528.81 01/29/20283.40004/14/2023 945,840.00 A06406RAF4 1,337
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 1,993,640.00 AA-194162AR4 1,369
3.743COSTCO COMPANIESMTN0117 1,000,000.00 920,408.34 06/20/20271.37504/14/2023 902,190.00 A+22160KAN5 1,114
3.765COSTCO COMPANIESMTN0119 1,000,000.00 919,493.19 06/20/20271.37504/18/2023 902,190.00 A+22160KAN5 1,114
1.977Walt DisneyMTN0107 2,000,000.00 1,997,086.66 08/30/20241.75012/12/2019 1,981,180.00 A-254687FK7 90
4.593Johnson & JohnsonMTN0113 1,000,000.00 879,680.02 09/01/20270.95010/25/2022 886,680.00 AAA478160CP7 1,187
3.880Johnson & JohnsonMTN0114 1,000,000.00 897,944.31 09/01/20270.95012/22/2022 886,680.00 AAA478160CP7 1,187
1.890COCA-COLA COMTN0108 1,000,000.00 993,679.00 09/06/20241.75012/12/2019 990,780.00 A+191216CL2 97
4.374COCA-COLA COMTN0124 1,000,000.00 866,778.90 03/15/20281.00007/10/2023 871,270.00 A+191216DD9 1,383
4.060COCA-COLA COMTN0126 1,000,000.00 885,190.00 03/15/20281.00002/05/2024 871,270.00 A+191216DD9 1,383
4.163MICROSOFT CORPMTN0115 1,000,000.00 974,877.23 02/06/20273.30012/22/2022 962,470.00 AAA594918BY9 980
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 930,190.00 A+58933YAY1 633
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 974,510.00 A+58933YBH7 1,446
5.044PepsicoMTN0125 1,000,000.00 977,524.66 05/15/20284.45011/02/2023 989,940.00 A+713448FR4 1,444
4.440TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,009,170.00 01/05/20294.65002/05/2024 983,470.0089236TLL7 1,679
4.183WALMART INCMTN0122 1,000,000.00 921,994.53 09/17/20261.05006/12/2023 917,910.00 AA931142ER0 838 22,061,040.4521,769,160.0023,000,000.00Subtotal and Average 3.641 1,010 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 974,170.0031422XW99 1,353
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 961,570.00 AA+3133ENPX2 447
2.747FED FARM CR BKFAC0296 2,000,000.00 2,025,552.25 03/22/20273.15004/11/2022 1,918,580.00 AA+3133EJDV8 1,024
3.250FED FARM CR BKFAC0301 1,000,000.00 979,554.54 11/18/20240.87506/17/2022 979,060.003133ENEJ5 170
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 991,730.003133ENV72 786
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,011,470.00 AA+3133EPA47 1,614
4.527FED FARM CR BKFAC0311 2,000,000.00 2,024,264.00 04/30/20294.75005/08/2024 2,015,980.003133ERDH1 1,794
1.771Federal Home Loan BankFAC0285 2,000,000.00 2,015,648.49 09/13/20242.87512/11/2019 1,986,200.003130A2UW4 104 Portfolio CITY
CP
Run Date: 06/28/2024 - 16:57 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 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 992,110.00 AA+3130AGWK7 75
0.312Federal Home Loan BankFAC0291 1,000,000.00 1,012,086.41 06/14/20242.87502/04/2021 999,220.00 AA+3130A1XJ2 13
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 961,170.00 AA+3130A8ZQ9 468
3.230Federal Home Loan BankFAC0300 1,000,000.00 990,620.00 06/28/20242.75006/17/2022 998,170.003130ASDS5 27
4.343Federal Home Loan BankFAC0302 1,000,000.00 917,860.03 06/12/20260.87510/24/2022 923,200.003130AN4T4 741
4.048Federal Home Loan BankFAC0306 1,000,000.00 970,093.32 03/12/20273.00006/12/2023 955,800.00 AA+3130A3DU5 1,014
4.483Federal Home Loan BankFAC0307 1,000,000.00 982,571.07 06/09/20284.00007/10/2023 981,560.00 AA+3130AWC24 1,469
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,008,590.00 AA+3130AXEL8 1,560
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,014,258.00 03/09/20294.62505/09/2024 2,007,280.003130B13J4 1,742
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,920,422.82 09/23/20250.37505/13/2022 1,881,720.00 AA+3137EAEX3 479
1.700Fannie MaeFAC0286 2,000,000.00 1,993,020.00 10/15/20241.62512/11/2019 1,972,720.00 AA+3135G0W66 136
1.500Fannie MaeFAC0287 2,000,000.00 2,011,260.00 10/15/20241.62502/07/2020 1,972,720.00 AA+3135G0W66 136
1.526Fannie MaeFAC0288 2,000,000.00 2,002,534.24 07/02/20241.75002/07/2020 1,994,240.00 AA+3135G0V75 31
0.259Fannie MaeFAC0290 1,000,000.00 1,007,696.46 07/02/20241.75002/04/2021 997,120.00 AA+3135G0V75 31
3.597Fannie MaeFAC0305 1,000,000.00 902,331.73 10/08/20270.75004/14/2023 879,240.003135G05Y5 1,224
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 985,511.13 05/15/20250.75002/24/2022 958,820.00 AA+880591EW8 348
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,067,905.04 11/01/20256.75005/13/2022 1,027,220.00 AA+880591CJ9 518 32,812,225.5332,349,660.0033,000,000.00Subtotal and Average 2.826 688 Treasury Securities - Coupon
1.493US TREASURYUST0035 2,000,000.00 2,005,451.48 08/31/20241.87502/07/2020 1,982,920.009128282U3 91
0.561US TREASURYUST0036 1,000,000.00 994,955.86 06/30/20250.25005/28/2021 949,400.00912828ZW3 394
0.591US TREASURYUST0039 1,000,000.00 994,813.27 06/30/20250.25008/11/2021 949,400.00912828ZW3 394
1.058US TREASURYUST0047 1,000,000.00 988,771.27 05/31/20250.25012/08/2021 952,540.00912828ZT0 364
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 970,320.00912828ZC7 272
2.665US TREASURYUST0054 2,000,000.00 1,931,568.13 01/31/20271.50004/08/2022 1,840,400.00912828Z78 974
3.287US TREASURYUST0057 1,000,000.00 953,869.72 08/15/20261.50006/17/2022 931,370.009128282A7 805
3.285US TREASURYUST0059 1,000,000.00 970,992.75 05/15/20272.37509/01/2022 937,310.00912828X88 1,078
3.295US TREASURYUST0060 1,000,000.00 970,666.12 05/15/20272.37509/01/2022 937,310.00912828X88 1,078
3.241US TREASURYUST0062 1,000,000.00 909,798.63 06/30/20270.50009/01/2022 882,420.00912828ZV5 1,124
4.180US TREASURYUST0064 1,000,000.00 927,925.10 10/31/20261.62510/25/2022 929,100.00912828YQ7 882
3.747US TREASURYUST0066 1,000,000.00 946,891.58 08/15/20272.25002/09/2023 929,340.009128282R0 1,170
0.576US TREASURYUST0037 2,000,000.00 1,989,046.34 07/31/20250.25005/28/2021 1,891,720.0091282CAB7 425
0.620US TREASURYUST0038 1,000,000.00 993,583.36 08/31/20250.25005/28/2021 942,110.0091282CAJ0 456
0.601US TREASURYUST0040 1,000,000.00 994,488.10 07/31/20250.25008/11/2021 945,860.0091282CAB7 425
0.586US TREASURYUST0041 1,000,000.00 993,899.83 08/31/20250.25008/11/2021 942,110.0091282CAJ0 456 Portfolio CITY
CP
Run Date: 06/28/2024 - 16:57 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
May 31, 2024
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
0.658US TREASURYUST0042 1,000,000.00 994,431.89 11/30/20250.37508/09/2021 933,830.0091282CAZ4 547
0.681US TREASURYUST0043 1,000,000.00 992,977.28 07/31/20250.25010/05/2021 945,860.0091282CAB7 425
0.707US TREASURYUST0044 2,000,000.00 1,981,851.13 10/31/20250.25010/05/2021 1,870,700.0091282CAT8 517
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 914,610.0091282CCW9 821
0.892US TREASURYUST0046 1,000,000.00 993,073.36 07/31/20260.62510/05/2021 914,880.0091282CCP4 790
1.191US TREASURYUST0048 1,000,000.00 989,680.21 05/31/20260.75012/09/2021 922,540.0091282CCF6 729
1.176US TREASURYUST0049 1,000,000.00 992,094.65 06/30/20260.87512/09/2021 922,700.0091282CCJ8 759
1.210US TREASURYUST0050 1,000,000.00 990,817.92 09/30/20260.87512/09/2021 915,080.0091282CCZ2 851
1.678US TREASURYUST0052 2,000,000.00 1,946,771.93 09/30/20250.25002/24/2022 1,877,580.0091282CAM3 486
2.581US TREASURYUST0053 1,000,000.00 958,303.20 10/31/20261.12504/08/2022 917,700.0091282CDG3 882
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 978,120.0091282CEH0 318
3.187US TREASURYUST0056 1,000,000.00 933,806.42 07/31/20260.62506/17/2022 914,880.0091282CCP4 790
3.302US TREASURYUST0058 1,000,000.00 936,039.78 09/30/20260.87506/17/2022 915,080.0091282CCZ2 851
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 960,230.0091282CEW7 1,124
3.309US TREASURYUST0063 1,000,000.00 982,263.65 07/31/20272.75009/01/2022 944,530.0091282CFB2 1,155
3.787US TREASURYUST0065 1,000,000.00 964,796.40 07/31/20272.75012/22/2022 944,530.0091282CFB2 1,155
3.804US TREASURYUST0067 2,000,000.00 1,980,062.64 01/31/20283.50002/09/2023 1,926,400.0091282CGH8 1,339
4.816US TREASURYUST0068 1,000,000.00 983,663.49 08/31/20284.37511/01/2023 993,010.0091282CHX2 1,552
3.750US TREASURYUST0069 2,000,000.00 2,022,560.00 01/31/20294.00002/02/2024 1,956,180.0091282CJW2 1,705
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 988,870.0091282CKD2 1,733
4.474US TREASURYUST0071 1,000,000.00 986,660.00 03/31/20294.12505/08/2024 983,050.0091282CKG5 1,764
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,004,840.0091282CKP5 1,794 44,188,456.7842,558,830.0045,000,000.00Subtotal and Average 2.266 844 Total and Average 137,162,565.44 3.179 608132,840,215.44 135,224,288.20 Portfolio CITY
CP
Run Date: 06/28/2024 - 16:57 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
May 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 5,500,405.89 5,500,405.8907/01/2018 5,500,405.89SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 142,662,971.33 3.179 608
1 138,340,621.33 140,724,694.09
Portfolio CITY
CP
Run Date: 06/28/2024 - 16:57 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of May 31, 202
4 PORTFOLIO PROFILE May 31, 2024 Apr 30, 2024 Mar 31, 2024 Feb 29, 2024 Jan 31, 2024 Total Book Value (Excluding Trust Funds) $135,224,288 $127,197,886 $116,944,095 $119,938,925 $114,017,044 Increase/(Decrease) from Prior Period 8,026,402 10,253,791 (2,994,830) 5,921,881 254,974 Percentage Change 6.3% 8.8% (2.5%) 5.2% 0.2%
Average Yield to Maturity (365 Days) 3.179% 3.055% 2.940% 2.934% 2.839% Increase/(Decrease) from Prior Period 0.124% 0.115% 0.006% 0.095% (0.021%)
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $36,162,565 26.36% 4.332% Next 12 months 43%
Medium Term Notes 23,000,000 16.8% 3.641% Months 13-24 15% Federal Agencies 33,000,000 24.1% 2.826% Months 25-36 15% U.S. Treasuries 45,000,000 32.8% 2.266% Months 37-48 17% Total $137,162,565 100.0% 3.176% Months 49-60 10%
*LAIF YTM as of May 31, 2024 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM FHLB - 4.625% Coupon 5/7/2024 3/9/2029 2,000,000 4.514% FFCB - 4.75% Coupon 5/7/2024 4/30/2029 2,000,000 4.527% T - 4.25% Coupon 5/7/2024 2/28/2029 1,000,000 4.430%
T - 4.125% Coupon 5/7/2024 3/31/2029 1,000,000 4.474%
T - 4.625% Coupon 5/7/2024 4/30/2029 1,000,000 4.421%
Total Purchases $7,000,00 0 4.487%
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% Matured: FFCB - 2.625% Coupon 5/16/2024 5/16/2024 2,000,000 2.625% Total Maturing/Calls $6,000,000 2.465%
City of Manhattan Beach
Investment Portfolio Summary
As of May 31, 202
4 3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
March 2024 5.47% 5.36% 4.59% 4.20% 4.21%
April 2024 5.44% 5.38% 4.87% 4.56% 4.54%
May 2024 5.46% 5.42% 4.86% 4.50% 4.48%
Portfolio 3.179% 3.179% 3.179% 3.179% 3.179%
LAIF 4 332% 4 332% 4 332% 4 332% 4 332%
Portfolio, 3.179%
LAIF, 4.332%
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
June 2024 through May 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 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 8/31/28 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 $1.0M 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 9/8/28 4.86% FHLB nc $1.0M 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
Nov 24 11/18/24 3.3% FFCB nc $1.0M Nov 25 11/30/25 0.66% T nc $1.0M Nov 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 $2.0M Jan 28 1/29/28 4.41% BK nc $1.0M Jan 29 1/5/29 4.44% TOYOT A nc $1.0M Feb 25 2/28/25 1.0% 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% FAMC A nc $1.0M Feb 29 2/28/29 4.43% 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 Mar 29 3/31/29 4.47% T nc $1.0M 3/12/27 4.05% FHLB nc $1.0M 3/15/28 4.37% KO nc $1.0M 3/9/29 4.51% FHLB nc $2.0M 3/15/28 4.06% KO nc $1.0M
Apr 25 4/15/25 2.8% T nc $1.0M Apr 26 Apr 27 Apr 28 Apr 29 4/30/29 4.42% T nc $1.0M May 25 5/15/25 1.8% 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 5/10/28 4.17% AAPL nc $1.0M May 29 5/31/25 1.1% 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 5.04% PEP nc $1.0M
Total By Year (excl LAIF) $23.0m $21.0m $20.0m $23.0m $14.0m Average YTM 1.7% 1.2% 3.0% 4.0% 4.5%
% of Total Securities (excl LAIF) 23% 21% 20% 23% 14%
% of Total Investments (incl LAIF) 43% 15% 15% 17% 10%
Total Securities 74%
$101.0M
LAIF 26% $36.2M
Total Investments 100% $137.2M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of May 31, 202
4 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $36,162,565 26.4% $75,000,000 Yes Treasury Securities
US Treasury $45,000,000 32.8% 5 Years Yes
Total U.S. Treasuries (38) TRUE $45,000,000 32.8%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.5% 5.0% Yes 5 Years Yes
Amazon 2,000,000 1.5% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.5% 5.0% Yes 5 Years Yes
Walmart 1,000,000 0.7% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.5% 5.0% Yes 5 Years Yes
Pepsi Cola 1,000,000 0.7% 5.0% Yes 5 Years Yes
Coca-Cola 1,000,000 0.7% 5.0% Yes 6 Years Yes
Toyota Moto Credit Corp 1,000,000 0.7% 5.0% Yes 6 Years Yes Total Consumer Goods Sector $12,000,000 8.7% 10.0% Yes
Bank of NY 2,000,000 1.5% 5.0% Yes 5 Years Yes
Total Financial Sector $2,000,000 1.5% 10.0% Yes
Johnson & Johnson 2,000,000 1.5% 5.0% Yes 5 Years Yes
Merck 2,000,000 1.5% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $4,000,000 2.9% 10.0% Yes
Apple Inc 2,000,000 1.5% 5.0% Yes 5 Years Yes
Microsoft Corp 1,000,000 0.7% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.2% 10.0% Yes
Walt Disney Co 2,000,000 1.5% 5.0% Yes 5 Years Yes
Total Communication Services Sector $2,000,000
Total Medium Term Notes (21) TRUE $23,000,000 16.8% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $12,000,000 8.7% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 8,000,000 5.8% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 8,000,000 5.8% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.5% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.7% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 2,000,000 1.5% 33.3% Yes 5 Years Yes Total Federal Agencies (25) TRUE $33,000,000 24.1% 60.0% Yes Total Portfolio $137,162,565 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Book Value
LAIF $36,162,565.44
Treasury Securities 44,188,456.78
Federal Agency Issues-Coupon 32,812,225.53
Medium Term Notes 22,061,040.45
Subtotal Investments $135,224,288.20
Demand Deposit/Petty Cash
Cash in Bank $5,500,405.89
Petty Cash 2,280.41
$5,502,686.30
Subtotal City Cash & Investments $140,726,974.50
Bond Funds Held in Trust
Police Fire Refunding 1,629.30
Fire Station 2 COPs 676.32
Marine Ave Park Refunding 1.02
Metlox & Water/Wastewater Refunding 1,606.91
Utility Assessment Districts 1,162,824.45
Pension Obligation Bonds 11,203.97
Subtotal Bonds Held in Trust $1,177,941.97
Investment Trust Funds
PARS Pension Rate Stabilization Trust 3,559,776.33
Treasurer's Balance $145,464,692.80
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
May 31, 2024
Subtotal Demand Deposit
May 4.332
April 4.272
March 4.232
February 4.122
January 4.012
December 3.929
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
58.43%
Agencies
22.59%
Certificates of
Deposit/Bank Notes
8.84%
Time
Deposits
2.99%
Commercial
Paper
6.54%
Corporate
Bonds
0.41%
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). *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 6/05/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/24
Chart does not include $1,969,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
4/30/24
$171.5 billion