City of Manhattan Beach
Finance Department
Investment Portfolio
December 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
December 1, 2024 through December 31, 2024
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 24,825,568.26 122.32 4.373124,825,568.2624,825,568.26 4.434 Medium Term Notes 21,235,105.23 1,65619.09 4.0071,07421,097,100.0022,000,000.00 4.062 Federal Agency Issues - Coupon 19,878,281.78 1,56017.87 3.55086919,757,890.0020,000,000.00 3.599 Treasury Securities - Coupon 45,299,255.11 1,60940.72 2.38672044,397,640.0046,000,000.00 2.419 111,238,210.38 100.00%
Investments
110,078,198.26112,825,568.26 1,250 654 3.347 3.393
Cash
(not included in yield calculations)
Passbook/Checking 7,681,050.41 1 0.00017,681,050.417,681,050.41 0.000 118,919,260.79Total Cash and Investments 117,759,248.67120,506,618.67 1,250 654 3.347 3.393 Current Year
December 31
261,654.85
Fiscal Year To Date
1,627,239.20
Average Daily Balance
Effective Rate of Return
114,056,881.12
2.70%
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 12/01/2024-12/31/2024
Run Date: 02/07/2025 - 15:52 IE (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2024
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.434Local Agency Invest. Fund3000 24,825,568.26 24,825,568.26 4.43424,825,568.26SYS3000 1 24,825,568.2624,825,568.2624,825,568.2624,825,568.26Subtotal and Average 4.434 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 952,692.33 09/12/20272.90010/25/2022 961,850.00 AA+037833DB3 984
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 985,720.00 AA+037833ET3 1,225
1.963AMAZON.COM LLCMTN0111 1,000,000.00 986,753.59 05/12/20261.00002/24/2022 956,800.00 AA023135BX3 496
4.282AMAZON.COM LLCMTN0116 1,000,000.00 971,704.66 08/22/20273.15002/09/2023 965,520.00 AA023135BC9 963
4.342AMAZON.COM LLCMTN0129 1,000,000.00 965,992.71 04/13/20293.45007/12/2024 958,990.00023135CG9 1,563
4.410BANK OF NY MELLOMTN0118 1,000,000.00 972,466.61 01/29/20283.40004/14/2023 964,620.00 A06406RAF4 1,123
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,013,480.00 AA-194162AR4 1,155
3.743COSTCO COMPANIESMTN0117 1,000,000.00 943,330.74 06/20/20271.37504/14/2023 929,600.00 A+22160KAN5 900
3.765COSTCO COMPANIESMTN0119 1,000,000.00 942,679.15 06/20/20271.37504/18/2023 929,600.00 A+22160KAN5 900
4.593Johnson & JohnsonMTN0113 1,000,000.00 912,469.72 09/01/20270.95010/25/2022 916,530.00 AAA478160CP7 973
3.880Johnson & JohnsonMTN0114 1,000,000.00 925,756.61 09/01/20270.95012/22/2022 916,530.00 AAA478160CP7 973
4.374COCA-COLA COMTN0124 1,000,000.00 898,435.40 03/15/20281.00007/10/2023 896,840.00 A+191216DD9 1,169
3.556COCA-COLA COMTN0126 1,000,000.00 910,401.65 03/15/20281.00002/05/2024 896,840.00 A+191216DD9 1,169
4.163MICROSOFT CORPMTN0115 1,000,000.00 982,981.35 02/06/20273.30012/22/2022 979,060.00 AAA594918BY9 766
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 958,920.00 A+58933YAY1 419
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 985,310.00 A+58933YBH7 1,232
5.044PepsicoMTN0125 1,000,000.00 982,661.88 05/15/20284.45011/02/2023 998,880.00 A+713448FR4 1,230
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,007,486.22 01/05/20294.65002/05/2024 993,410.0089236TLL7 1,465
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 993,410.0089236TLL7 1,465
4.183WALMART INCMTN0122 1,000,000.00 952,551.63 09/17/20261.05006/12/2023 946,020.00 AA931142ER0 624
4.349WALMART INCMTN0128 1,000,000.00 957,497.98 07/08/20293.25007/12/2024 949,170.00931142EN9 1,649 21,235,105.2321,097,100.0022,000,000.0021,235,105.23Subtotal and Average 4.062 1,074 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 985,100.0031422XW99 1,139
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 984,270.00 AA+3133ENPX2 233
2.747FED FARM CR BKFAC0296 2,000,000.00 2,017,635.89 03/22/20273.15004/11/2022 1,952,840.00 AA+3133EJDV8 810
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,003,460.003133ENV72 572
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,016,810.00 AA+3133EPA47 1,400
4.527FED FARM CR BKFAC0311 2,000,000.00 2,021,134.45 04/30/20294.75005/08/2024 2,028,260.003133ERDH1 1,580
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 982,230.00 AA+3130A8ZQ9 254
4.343Federal Home Loan BankFAC0302 1,000,000.00 951,386.55 06/12/20260.87510/24/2022 952,820.003130AN4T4 527 Portfolio CITY
CP
Run Date: 02/07/2025 - 15:52 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2024
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
4.048Federal Home Loan BankFAC0306 1,000,000.00 979,934.66 03/12/20273.00006/12/2023 975,380.00 AA+3130A3DU5 800
4.483Federal Home Loan BankFAC0307 1,000,000.00 986,495.03 06/09/20284.00007/10/2023 986,980.00 AA+3130AWC24 1,255
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,012,650.00 AA+3130AXEL8 1,346
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,012,365.16 03/09/20294.62505/09/2024 2,017,960.003130B13J4 1,528
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,966,406.42 09/23/20250.37505/13/2022 1,945,020.00 AA+3137EAEX3 265
3.597Fannie MaeFAC0305 1,000,000.00 928,223.17 10/08/20270.75004/14/2023 907,550.003135G05Y5 1,010
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 996,048.49 05/15/20250.75002/24/2022 987,050.00 AA+880591EW8 134
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,030,921.96 11/01/20256.75005/13/2022 1,019,510.00 AA+880591CJ9 304 19,878,281.7819,757,890.0020,000,000.0019,878,281.78Subtotal and Average 3.599 869 Treasury Securities - Coupon
0.561US TREASURYUST0036 1,000,000.00 998,318.64 06/30/20250.25005/28/2021 980,870.00912828ZW3 180
0.591US TREASURYUST0039 1,000,000.00 998,271.09 06/30/20250.25008/11/2021 980,870.00912828ZW3 180
1.058US TREASURYUST0047 1,000,000.00 996,697.43 05/31/20250.25012/08/2021 983,770.00912828ZT0 150
1.001US TREASURYUST0051 1,000,000.00 1,003,906.25 02/28/20251.12512/09/2021 994,910.00912828ZC7 58
2.665US TREASURYUST0054 2,000,000.00 1,953,762.25 01/31/20271.50004/08/2022 1,891,420.00912828Z78 760
3.287US TREASURYUST0057 1,000,000.00 971,443.16 08/15/20261.50006/17/2022 957,280.009128282A7 591
3.285US TREASURYUST0059 1,000,000.00 979,587.49 05/15/20272.37509/01/2022 957,670.00912828X88 864
3.295US TREASURYUST0060 1,000,000.00 979,357.64 05/15/20272.37509/01/2022 957,670.00912828X88 864
3.241US TREASURYUST0062 1,000,000.00 935,570.45 06/30/20270.50009/01/2022 911,740.00912828ZV5 910
4.180US TREASURYUST0064 1,000,000.00 953,363.30 10/31/20261.62510/25/2022 954,320.00912828YQ7 668
3.747US TREASURYUST0066 1,000,000.00 961,542.18 08/15/20272.25002/09/2023 950,540.009128282R0 956
0.576US TREASURYUST0037 2,000,000.00 1,995,952.30 07/31/20250.25005/28/2021 1,954,520.0091282CAB7 211
0.620US TREASURYUST0038 1,000,000.00 997,426.92 08/31/20250.25005/28/2021 973,930.0091282CAJ0 242
0.601US TREASURYUST0040 1,000,000.00 997,969.30 07/31/20250.25008/11/2021 977,260.0091282CAB7 211
0.586US TREASURYUST0041 1,000,000.00 997,559.93 08/31/20250.25008/11/2021 973,930.0091282CAJ0 242
0.658US TREASURYUST0042 1,000,000.00 997,336.99 11/30/20250.37508/09/2021 965,660.0091282CAZ4 333
0.681US TREASURYUST0043 1,000,000.00 997,412.68 07/31/20250.25010/05/2021 977,260.0091282CAB7 211
0.707US TREASURYUST0044 2,000,000.00 1,991,750.51 10/31/20250.25010/05/2021 1,935,540.0091282CAT8 303
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 944,350.0091282CCW9 607
0.892US TREASURYUST0046 1,000,000.00 995,754.64 07/31/20260.62510/05/2021 945,050.0091282CCP4 576
1.191US TREASURYUST0048 1,000,000.00 993,950.47 05/31/20260.75012/09/2021 952,420.0091282CCF6 515
1.176US TREASURYUST0049 1,000,000.00 995,256.79 06/30/20260.87512/09/2021 951,490.0091282CCJ8 545
1.210US TREASURYUST0050 1,000,000.00 994,156.86 09/30/20260.87512/09/2021 943,690.0091282CCZ2 637
1.678US TREASURYUST0052 2,000,000.00 1,977,187.97 09/30/20250.25002/24/2022 1,941,860.0091282CAM3 272
2.581US TREASURYUST0053 1,000,000.00 973,019.72 10/31/20261.12504/08/2022 945,340.0091282CDG3 668 Portfolio CITY
CP
Run Date: 02/07/2025 - 15:52 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
December 31, 2024
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 995,340.0091282CEH0 104
3.187US TREASURYUST0056 1,000,000.00 959,429.74 07/31/20260.62506/17/2022 945,050.0091282CCP4 576
3.302US TREASURYUST0058 1,000,000.00 959,298.04 09/30/20260.87506/17/2022 943,690.0091282CCZ2 637
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 976,550.0091282CEW7 910
3.309US TREASURYUST0063 1,000,000.00 987,213.33 07/31/20272.75009/01/2022 963,070.0091282CFB2 941
3.787US TREASURYUST0065 1,000,000.00 974,620.66 07/31/20272.75012/22/2022 963,070.0091282CFB2 941
3.804US TREASURYUST0067 2,000,000.00 1,984,945.26 01/31/20283.50002/09/2023 1,954,160.0091282CGH8 1,125
4.816US TREASURYUST0068 1,000,000.00 987,164.17 08/31/20284.37511/01/2023 1,000,800.0091282CHX2 1,338
3.786US TREASURYUST0069 2,000,000.00 2,018,434.21 01/31/20294.00002/02/2024 1,972,600.0091282CJW2 1,491
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 995,330.0091282CKD2 1,519
4.474US TREASURYUST0071 1,000,000.00 988,416.46 03/31/20294.12505/08/2024 990,170.0091282CKG5 1,550
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,009,580.0091282CKP5 1,580
4.123US TREASURYUST0073 1,000,000.00 946,093.61 05/31/20292.75007/12/2024 934,970.0091282CES6 1,611
4.147US TREASURYUST0074 1,000,000.00 965,298.70 06/30/20293.25007/12/2024 954,230.0091282CEV9 1,641
4.062US TREASURYUST0075 1,000,000.00 903,810.93 10/31/20281.37507/12/2024 895,670.0091282CDF5 1,399 45,299,255.1144,397,640.0046,000,000.0045,299,255.11Subtotal and Average 2.419 720 114,056,881.12 112,825,568.26 3.393 654110,078,198.26 111,238,210.38Total and Average Portfolio CITY
CP
Run Date: 02/07/2025 - 15:52 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
December 31, 2024
Portfolio Details - Cash
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 7,681,050.41 7,681,050.417,681,050.41SYS39903-39902 1
0.00 114,056,881.12 120,506,618.67 3.393 654
1Average Balance
117,759,248.67 118,919,260.79Total Cash and Investments Portfolio CITY
CP
Run Date: 02/07/2025 - 15:52 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of December 31, 202
4 PORTFOLIO PROFILE Dec 31, 2024 Nov 30, 2024 Oct 31, 2024 Sep 30, 2024 Aug 31, 2024 Total Book Value (Excluding Trust Funds) $111,238,210 $110,892,138 $113,575,230 $116,590,715 $116,588,909 Increase/(Decrease) from Prior Period 346,072 (2,683,091) (3,015,485) 1,806 (11,001,958) Percentage Change 0.3% (2.4%) (2.6%) 0.0% (8.6%)
Average Yield to Maturity (365 Days) 3.393% 3.402% 3.426% 3.343% 3.273% Increase/(Decrease) from Prior Period (0.010%) (0.024%) 0.083% 0.070% 0.014%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $24,825,568 22.00% 4.434% Next 12 months 42%
Medium Term Notes 22,000,000 19.5% 4.062% Months 13-24 13% Federal Agencies 20,000,000 17.7% 3.599% Months 25-36 18% U.S. Treasuries 46,000,000 40.8% 2.417% Months 37-48 14% Total $112,825,568 100.0% 3.391% Months 49-60 13%
*LAIF YTM as of December 31, 2024 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (Par) Maturing/Call YTM WMT - 3.25% Coupon 7/12/2024 7/8/2029 1,000,000 4.349%
AMZN - 3.45% Coupon 7/12/2024 4/13/2029 1,000,000 4.342% TOYOTA - 4.65% Coupon 7/12/2024 1/5/2029 1,000,000 4.650% T - 4.11% Coupon 7/12/2024 5/31/2029 1,000,000 4.123%
T - 4.11% Coupon 7/12/2024 6/30/2029 1,000,000 4.147%
T - 4.14% Coupon 7/12/2024 10/31/2028 1,000,000 4.062%
Total Purchases $6,000,00 0 4.279%
Matured: BK - 2.1% Coupon 10/24/2024 10/24/2024 1,000,000 1.850% Matured: FNMA - 1.625% Coupon 10/15/2024 10/15/2024 2,000,000 1.700% Matured: FNMA - 1.625% Coupon 10/15/2024 10/15/2024 2,000,000 1.500% Matured: FFCB - 0.875% Coupon 11/18/2024 11/18/2024 1,000,000 3.250% Total Maturing/Calls $6,000,000 1.917%
City of Manhattan Beach
Investment Portfolio Summary
As of December 31, 202
4 3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
October 2024 4.72% 4.44% 3.97% 3.91% 4.10%
November 2024 4.62% 4.43% 4.26% 4.23% 4.36%
December 2024 4.39% 4.32% 4.23% 4.25% 4.39%
Portfolio 3.393% 3.393% 3.393% 3.393% 3.393%
LAIF 4 434% 4 434% 4 434% 4 434% 4 434%
Portfolio, 3.393%
LAIF, 4.434%
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
January 2025 through December 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 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 4.49% TOYOT A nc $1.0M 1/31/28 3.80% T nc $2.0M 1/31/29 3.75% T nc $2.0M
1/5/29 4.65% 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 3.56% KO nc $1.0M
Apr 25 4/15/25 2.8% T nc $1.0M Apr 26 Apr 27 Apr 28 Apr 29 4/13/29 4.34% AMZN nc $1.0M 4/30/29 4.42% T nc $1.0M
4/30/29 4.53% FFCB nc $2.0M
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 5/31/29 4.12% T nc $1.0M 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
Jun 25 6/30/25 0.6% 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 Jun 29 6/30/29 4.15% T nc $1.0M 6/30/25 0.6% 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 25 7/31/25 0.6% 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 Jul 29 7/8/29 4.35% WMT nc $1.0M 7/31/25 0.6% 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 0.7% T nc $1.0M 7/27/26 4.55% FFCB nc $1.0M
Aug 25 8/31/25 0.6% 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 Aug 29 8/31/25 0.6% T nc $1.0M 8/15/26 3.29% T nc $1.0M 8/22/27 4.28% AMZN nc $1.0M 8/22/25 1.9% FFCB nc $1.0M
Sep 25 9/12/25 1.9% 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 Sep 29 9/23/25 2.7% 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 1.7% T nc $2.0M 9/17/26 4.18% WMT nc $1.0M 9/1/27 3.88% JNJ nc $1.0M Oct 25 10/31/25 0.7% 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 10/31/28 4.06% T nc $1.0M Oct 29 10/31/26 4.18% T nc $1.0M
Nov 25 11/30/25 0.7% T nc $1.0M Nov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0M Nov 29 11/1/25 2.9% TVA nc $1.0M
Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Total By Year (excl LAIF) $22.0m $15.0m $20.0m $16.0m $15.0m Average YTM 1.3% 2.5% 3.7% 4.4% 4.4%
% of Total Securities (excl LAIF) 25% 17% 23% 18% 17%
% of Total Investments (incl LAIF) 42% 13% 18% 14% 13%
Total Securities 78%
$88.0M
LAIF 22% $24.8M
Total Investments 100% $112.8M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of December 31, 202
4 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $24,825,568 22.0% $75,000,000 Yes Treasury Securities
US Treasury $46,000,000 40.8% 5 Years Yes
Total U.S. Treasuries (40) TRUE $46,000,000 40.8%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.8% 5.0% Yes 5 Years Yes
Amazon 3,000,000 2.7% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.8% 5.0% Yes 5 Years Yes
Walmart 2,000,000 1.8% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.8% 5.0% Yes 5 Years Yes
Pepsi Cola 1,000,000 0.9% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $12,000,000 10.0% 10.0% Yes Bank of NY 1,000,000 0.9% 5.0% Yes 5 Years Yes
Toyota Motor Credit Corp 2,000,000 1.8% 5.0% Yes 5 Years Yes Total Financial Sector $3,000,000 2.7% 10.0% Yes
Johnson & Johnson 2,000,000 1.8% 5.0% Yes 5 Years Yes
Merck 2,000,000 1.8% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $4,000,000 3.5% 10.0% Yes
Apple Inc 2,000,000 1.8% 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 2.7% 10.0% Yes
Total Medium Term Notes (21) TRUE $22,000,000 19.5% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $7,000,000 6.2% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 7,000,000 6.2% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 1,000,000 0.9% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 2,000,000 1.8% 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 1.8% 33.3% Yes 5 Years Yes Total Federal Agencies (16) TRUE $20,000,000 17.7% 60.0% Yes Total Portfolio $112,825,568 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Cash Balances by Fund
LAIF $24,825,568.26 Gener al Fund $31,685,619.20
Treasury Securities 45,299,255.11 Street Lighting & Landscape Fund (40,440.41) Government Agency Issues 19, 878,281.78 Gas Tax Fund 5,121,366.89 Medium Term Notes 21,235,105.23 Asset Forfeiture Fund 264,898.13 Subtotal Investments $111,238,210.38 Police Safety Grants Fund 605,168.12 Grants Fund -
Prop. A Fund 604,412.15
Prop. C Fund 1,345,611.54
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 312,673.87 Cash in Bank $7,681,050.41 Measure R Fund 2,185,885.78
Petty Cash 2,317.07 Meas ure M Fund 1,156,570.59
$7,683,367.48 Measure W Fund 1,817,875.33
Capital Improvements Fund 12,590,342.34
Subtotal City Cash & Investments $118,921,577.86 Fire Station #2 Construction Fund 456,837.44 UUAD Construction Fund 1,499,057.79
Water Fund 10,507,982.23
Bond Funds Held in Trust Stormwater Fund 5,056,375.03
Police Fire Refunding $687, 737.64 Sewer Fund 18,627,428.70 Fire Station 2 COPs 273,000. 00 Parking Fund 5,809,784.81 Marine Ave Park Refunding 421,550.14 County Parking Lots Fund 297,654.39 Metlox & Water/Wastewater Refunding 787,375. 00 State Pier and Park ing Lot Fund 1,331,934.69 Utility Assessment Districts 1,153,749.27 Insurance Reserve Fund 16,938,555.47 Pension Obligation Bonds 4,519,381.86 In formation Technology Fund 1,207,952.86 Subtotal Bonds Held in Trust $7,842,793.91 Fleet Management Fund 3,873,925.33 Building Maintenance & Operations Fund 28,312.16
Special Assessment Redemption Fund 776,595.13
Investment Trust Funds Special Assessment UAD 12 & 14 Fund 698,325.37 PARS Pension Rate Stabilization Trust 3,705, 405.16 Special Assessment UAD 19-4 Fund 243,697.99 Pension Trust Fund (45,631.41)
Special Deposits Fund 1,805,600.26
Section 115 Trust Fund 3,705,405.16
Total Treasurer's Balance $130,469,776.93 Total All Funds $130,469,776.93
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
December 31, 2024
Subtotal Demand Deposit
Treasuries
55.91%
Agencies
25.25%
Certificates of
Deposit/Bank Notes
8.46%
Time
Deposits
3.27%
Commercial
Paper
6.40%
Corporate
Bonds
0.58%
Loans
0.13%
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 California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
January 4.366
December 4.434
November 4.477
October 4.518
September 4.575
August 4.579
PMIA/LAIF Performance Report
as of 02/05/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/24
LAIF Apportionment Rate(2): 4.62
LAIF Earnings Ratio(2): 0.00012664187216722
LAIF Administrative Cost(1)*: 0.28
LAIF Fair Value Factor(1): 0.999621985
PMIA Daily(1): 4.40
PMIA Quarter to Date(1): 4.48
PMIA Average Life(1): 252
Chart does not include $1,239,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
12/31/24
$155.4 billion