City of Manhattan Beach
Finance Department
Investment Portfolio
February 2025
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.
Libby Bretthauer, Acting Finance Director
Libby Bretthauer
CITY OF MANHATTAN BEACH
Portfolio Management
February 1, 2025 through February 28, 2025
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 20,122,371.19 119.07 4.274120,122,371.1920,122,371.19 4.333 Medium Term Notes 21,235,105.23 1,65620.12 4.0071,01521,318,870.0022,000,000.00 4.062 Federal Agency Issues - Coupon 19,878,281.78 1,56018.84 3.55081019,916,080.0020,000,000.00 3.599 Treasury Securities - Coupon 44,295,348.86 1,61941.97 2.41767643,803,910.0045,000,000.00 2.451 105,531,107.06 100.00%
Investments
105,161,231.19107,122,371.19 1,307 641 3.304 3.350
Cash
(not included in yield calculations)
Passbook/Checking 17,919,460.01 1 0.000117,919,460.0117,919,460.01 0.000 123,450,567.07Total Cash and Investments 123,080,691.20125,041,831.20 1,307 641 3.304 3.350 Current Year
February 28
236,893.50
Fiscal Year To Date
2,127,406.82
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 02/01/2025-02/28/2025
Run Date: 04/07/2025 - 09:22 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2025
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.333Local Agency Invest. Fund3000 20,122,371.19 20,122,371.19 4.33320,122,371.19SYS3000 1 20,122,371.1920,122,371.1920,122,371.19Subtotal and Average 4.333 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 952,692.33 09/12/20272.90010/25/2022 969,420.00 AA+037833DB3 925
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 998,060.00 AA+037833ET3 1,166
1.963AMAZON.COM LLCMTN0111 1,000,000.00 986,753.59 05/12/20261.00002/24/2022 963,850.00 AA023135BX3 437
4.282AMAZON.COM LLCMTN0116 1,000,000.00 971,704.66 08/22/20273.15002/09/2023 975,160.00 AA023135BC9 904
4.342AMAZON.COM LLCMTN0129 1,000,000.00 965,992.71 04/13/20293.45007/12/2024 972,610.00023135CG9 1,504
4.410BANK OF NY MELLOMTN0118 1,000,000.00 972,466.61 01/29/20283.40004/14/2023 975,390.00 A06406RAF4 1,064
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,030,720.00 AA-194162AR4 1,096
3.743COSTCO COMPANIESMTN0117 1,000,000.00 943,330.74 06/20/20271.37504/14/2023 937,830.00 A+22160KAN5 841
3.765COSTCO COMPANIESMTN0119 1,000,000.00 942,679.15 06/20/20271.37504/18/2023 937,830.00 A+22160KAN5 841
4.593Johnson & JohnsonMTN0113 1,000,000.00 912,469.72 09/01/20270.95010/25/2022 925,340.00 AAA478160CP7 914
3.880Johnson & JohnsonMTN0114 1,000,000.00 925,756.61 09/01/20270.95012/22/2022 925,340.00 AAA478160CP7 914
4.374COCA-COLA COMTN0124 1,000,000.00 898,435.40 03/15/20281.00007/10/2023 910,030.00 A+191216DD9 1,110
3.556COCA-COLA COMTN0126 1,000,000.00 910,401.65 03/15/20281.00002/05/2024 910,030.00 A+191216DD9 1,110
4.163MICROSOFT CORPMTN0115 1,000,000.00 982,981.35 02/06/20273.30012/22/2022 985,120.00 AAA594918BY9 707
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 965,870.00 A+58933YAY1 360
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 996,610.00 A+58933YBH7 1,173
5.044PepsicoMTN0125 1,000,000.00 982,661.88 05/15/20284.45011/02/2023 1,007,190.00 A+713448FR4 1,171
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,007,486.22 01/05/20294.65002/05/2024 1,008,370.0089236TLL7 1,406
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,008,370.0089236TLL7 1,406
4.183WALMART INCMTN0122 1,000,000.00 952,551.63 09/17/20261.05006/12/2023 954,170.00 AA931142ER0 565
4.349WALMART INCMTN0128 1,000,000.00 957,497.98 07/08/20293.25007/12/2024 961,560.00931142EN9 1,590 21,235,105.2321,318,870.0022,000,000.00Subtotal and Average 4.062 1,015 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 994,480.0031422XW99 1,080
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 988,290.00 AA+3133ENPX2 174
2.747FED FARM CR BKFAC0296 2,000,000.00 2,017,635.89 03/22/20273.15004/11/2022 1,965,120.00 AA+3133EJDV8 751
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,005,400.003133ENV72 513
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,026,930.00 AA+3133EPA47 1,341
4.527FED FARM CR BKFAC0311 2,000,000.00 2,021,134.45 04/30/20294.75005/08/2024 2,051,120.003133ERDH1 1,521
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 986,810.00 AA+3130A8ZQ9 195
4.343Federal Home Loan BankFAC0302 1,000,000.00 951,386.55 06/12/20260.87510/24/2022 960,180.003130AN4T4 468 Portfolio CITY
CP
Run Date: 04/07/2025 - 09:22 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2025
Portfolio Details - Investments
Issuer
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 982,080.00 AA+3130A3DU5 741
4.483Federal Home Loan BankFAC0307 1,000,000.00 986,495.03 06/09/20284.00007/10/2023 999,710.00 AA+3130AWC24 1,196
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,023,880.00 AA+3130AXEL8 1,287
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,012,365.16 03/09/20294.62505/09/2024 2,044,880.003130B13J4 1,469
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,966,406.42 09/23/20250.37505/13/2022 1,956,920.00 AA+3137EAEX3 206
3.597Fannie MaeFAC0305 1,000,000.00 928,223.17 10/08/20270.75004/14/2023 921,420.003135G05Y5 951
1.763Tennessee Valley AuthorityFAC0295 1,000,000.00 996,048.49 05/15/20250.75002/24/2022 992,550.00 AA+880591EW8 75
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,030,921.96 11/01/20256.75005/13/2022 1,016,310.00 AA+880591CJ9 245 19,878,281.7819,916,080.0020,000,000.00Subtotal and Average 3.599 810 Treasury Securities - Coupon
0.561US TREASURYUST0036 1,000,000.00 998,318.64 06/30/20250.25005/28/2021 987,060.00912828ZW3 121
0.591US TREASURYUST0039 1,000,000.00 998,271.09 06/30/20250.25008/11/2021 987,060.00912828ZW3 121
1.058US TREASURYUST0047 1,000,000.00 996,697.43 05/31/20250.25012/08/2021 990,180.00912828ZT0 91
2.665US TREASURYUST0054 2,000,000.00 1,953,762.25 01/31/20271.50004/08/2022 1,908,600.00912828Z78 701
3.287US TREASURYUST0057 1,000,000.00 971,443.16 08/15/20261.50006/17/2022 964,530.009128282A7 532
3.285US TREASURYUST0059 1,000,000.00 979,587.49 05/15/20272.37509/01/2022 966,090.00912828X88 805
3.295US TREASURYUST0060 1,000,000.00 979,357.64 05/15/20272.37509/01/2022 966,090.00912828X88 805
3.241US TREASURYUST0062 1,000,000.00 935,570.45 06/30/20270.50009/01/2022 923,400.00912828ZV5 851
4.180US TREASURYUST0064 1,000,000.00 953,363.30 10/31/20261.62510/25/2022 961,840.00912828YQ7 609
3.747US TREASURYUST0066 1,000,000.00 961,542.18 08/15/20272.25002/09/2023 960,040.009128282R0 897
0.576US TREASURYUST0037 2,000,000.00 1,995,952.30 07/31/20250.25005/28/2021 1,966,980.0091282CAB7 152
0.620US TREASURYUST0038 1,000,000.00 997,426.92 08/31/20250.25005/28/2021 980,370.0091282CAJ0 183
0.601US TREASURYUST0040 1,000,000.00 997,969.30 07/31/20250.25008/11/2021 983,490.0091282CAB7 152
0.586US TREASURYUST0041 1,000,000.00 997,559.93 08/31/20250.25008/11/2021 980,370.0091282CAJ0 183
0.658US TREASURYUST0042 1,000,000.00 997,336.99 11/30/20250.37508/09/2021 972,110.0091282CAZ4 274
0.681US TREASURYUST0043 1,000,000.00 997,412.68 07/31/20250.25010/05/2021 983,490.0091282CAB7 152
0.707US TREASURYUST0044 2,000,000.00 1,991,750.51 10/31/20250.25010/05/2021 1,948,440.0091282CAT8 244
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 952,700.0091282CCW9 548
0.892US TREASURYUST0046 1,000,000.00 995,754.64 07/31/20260.62510/05/2021 953,480.0091282CCP4 517
1.191US TREASURYUST0048 1,000,000.00 993,950.47 05/31/20260.75012/09/2021 960,000.0091282CCF6 456
1.176US TREASURYUST0049 1,000,000.00 995,256.79 06/30/20260.87512/09/2021 959,180.0091282CCJ8 486
1.210US TREASURYUST0050 1,000,000.00 994,156.86 09/30/20260.87512/09/2021 952,150.0091282CCZ2 578
1.678US TREASURYUST0052 2,000,000.00 1,977,187.97 09/30/20250.25002/24/2022 1,954,660.0091282CAM3 213
2.581US TREASURYUST0053 1,000,000.00 973,019.72 10/31/20261.12504/08/2022 953,790.0091282CDG3 609
2.750US TREASURYUST0055 1,000,000.00 996,500.00 04/15/20252.62505/16/2022 998,120.0091282CEH0 45 Portfolio CITY
CP
Run Date: 04/07/2025 - 09:22 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2025
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
3.187US TREASURYUST0056 1,000,000.00 959,429.74 07/31/20260.62506/17/2022 953,480.0091282CCP4 517
3.302US TREASURYUST0058 1,000,000.00 959,298.04 09/30/20260.87506/17/2022 952,150.0091282CCZ2 578
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 984,260.0091282CEW7 851
3.309US TREASURYUST0063 1,000,000.00 987,213.33 07/31/20272.75009/01/2022 971,950.0091282CFB2 882
3.787US TREASURYUST0065 1,000,000.00 974,620.66 07/31/20272.75012/22/2022 971,950.0091282CFB2 882
3.804US TREASURYUST0067 2,000,000.00 1,984,945.26 01/31/20283.50002/09/2023 1,973,980.0091282CGH8 1,066
4.816US TREASURYUST0068 1,000,000.00 987,164.17 08/31/20284.37511/01/2023 1,012,380.0091282CHX2 1,279
3.786US TREASURYUST0069 2,000,000.00 2,018,434.21 01/31/20294.00002/02/2024 1,999,840.0091282CJW2 1,432
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,008,950.0091282CKD2 1,460
4.474US TREASURYUST0071 1,000,000.00 988,416.46 03/31/20294.12505/08/2024 1,004,380.0091282CKG5 1,491
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,023,480.0091282CKP5 1,521
4.123US TREASURYUST0073 1,000,000.00 946,093.61 05/31/20292.75007/12/2024 951,290.0091282CES6 1,552
4.147US TREASURYUST0074 1,000,000.00 965,298.70 06/30/20293.25007/12/2024 969,840.0091282CEV9 1,582
4.062US TREASURYUST0075 1,000,000.00 903,810.93 10/31/20281.37507/12/2024 911,760.0091282CDF5 1,340 44,295,348.8643,803,910.0045,000,000.00Subtotal and Average 2.451 676 Total and Average 107,122,371.19 3.350 641105,161,231.19 105,531,107.06 Portfolio CITY
CP
Run Date: 04/07/2025 - 09:22 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
February 28, 2025
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 17,919,460.01 17,919,460.0117,919,460.01SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 125,041,831.20 3.350 641
1 123,080,691.20 123,450,567.07
Portfolio CITY
CP
Run Date: 04/07/2025 - 09:22 PM (PRF_PM2) 7.3.11
City of Manhattan Beach
Investment Portfolio Summary
As of February 28, 202
5 PORTFOLIO PROFILE Feb 28, 2025 Jan 31, 2025 Dec 31, 2024 Nov 30, 2024 Oct 31, 2024 Total Book Value (Excluding Trust Funds) $105,531,107 $111,535,013 $111,238,210 $110,892,138 $113,575,230 Increase/(Decrease) from Prior Period (6,003,906) 296,803 346,072 (2,683,091) (3,015,485) Percentage Change (5.4%) 0.3% 0.3% (2.4%) (2.6%)
Average Yield to Maturity (365 Days) 3.350% 3.381% 3.393% 3.402% 3.426% Increase/(Decrease) from Prior Period (0.030%) (0.012%) (0.010%) (0.024%) 0.083%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $20,122,371 18.78% 4.333% Next 12 months 39%
Medium Term Notes 22,000,000 20.5% 4.062% Months 13-24 16% Federal Agencies 20,000,000 18.7% 3.599% Months 25-36 20% U.S. Treasuries 45,000,000 42.0% 2.451% Months 37-48 16% Total $107,122,371 100.0% 3.350% Months 49-60 9%
*LAIF YTM as of February 28, 2025 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% Matured: T - 1.125% Coupon 2/28/2025 2/28/2025 1,000,000 1.001% Total Maturing/Calls $7,000,000 1.786%
City of Manhattan Beach
Investment Portfolio Summary
As of February 28, 202
5 3‐Month 6 ‐Month 2 ‐Year 5 ‐Year 10 ‐Year
December 2024 4.39% 4.32% 4.23% 4.25% 4.39%
January 2025 4.34% 4.26% 4.27% 4.43% 4.63%
February 2025 4.33% 4.30% 4.21% 4.28% 4.45%
Portfolio 3.350% 3.350% 3.350% 3.350% 3.350%
LAIF 4 333% 4 333% 4 333% 4 333% 4 333%
Portfolio, 3.350%
LAIF, 4.333%
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
March 2025 through February 2030
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 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
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% TOYOTA nc $1.0M Jan 30 1/31/28 3.80% T nc $2.0M 1/31/29 3.79% T nc $2.0M
1/5/29 4.65% TOYOTA nc $1.0M
Feb 26 2/24/26 1.0% 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 Feb 30 Total By Year (excl LAIF) $22.0m $17.0m $21.0m $17.0m $10.0m Average YTM 1.3% 2.7% 3.8% 4.4% 4.4%
% of Total Securities (excl LAIF) 25% 20% 24% 20% 11%
% of Total Investments (incl LAIF) 39% 16% 20% 16% 9%
Total Securities 81%
$87.0M
LAIF 19% $20.1M
Total Investments 100% $107.1M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of February 28, 202
5 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $20,122,371 18.8% $75,000,000 Yes Treasury Securities
US Treasury $45,000,000 42.0% 5 Years Yes
Total U.S. Treasuries (39) TRUE $45,000,000 42.0%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.9% 5.0% Yes 5 Years Yes
Amazon 3,000,000 2.8% 5.0% Yes 5 Years Yes
Costco 2,000,000 1.9% 5.0% Yes 5 Years Yes
Walmart 2,000,000 1.9% 5.0% Yes 5 Years Yes
Colgate-Palmolive 2,000,000 1.9% 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 11.0% 10.0% No
Bank of NY 1,000,000 0.9% 5.0% Yes 5 Years Yes
Toyota Motor Credit Corp 2,000,000 1.9% 5.0% Yes 5 Years Yes Total Financial Sector $3,000,000 2.8% 10.0% Yes
Johnson & Johnson 2,000,000 1.9% 5.0% Yes 5 Years Yes
Merck 2,000,000 1.9% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $4,000,000 3.7% 10.0% Yes
Apple Inc 2,000,000 1.9% 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 2.8% 10.0% Yes
Total Medium Term Notes (21) TRUE $22,000,000 20.5% 20.0% No* Federal Agencies
Federal Home Loan Bank (FHLB) $7,000,000 6.5% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 7,000,000 6.5% 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 1.9% 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 1.9% 33.3% Yes 5 Years Yes Total Federal Agencies (16) TRUE $20,000,000 18.7% 60.0% Yes Total Portfolio $107,122,371 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
Investments Cash Balances by Fund
LAIF $20,122,371.19 Gener al Fund $30,048,391.74
Treasury Securities 44,295,348.86 Street Lighting & Landscape Fund (39,009.44) Government Agency Issues 19, 878,281.78 Gas Tax Fund 5,406,924.87 Medium Term Notes 21,235,105.23 Asset Forfeiture Fund 254,754.29 Subtotal Investments $105,531,107.06 Police Safety Grants Fund 546,485.31 Grants Fund -
Prop. A Fund 890,496.39
Prop. C Fund 1,548,216.45
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 314,317.94 Cash in Bank $17,919,460.01 Measure R Fund 2,284,129.15 Petty Cash 2,317.07 Meas ure M Fund 1,223,532.83
$17,921,777.08 Measure W Fund 1,815,048.69
Capital Improvements Fund 11,368,470.04
Subtotal City Cash & Investments $123,452,884.14 Fire Station #2 Construction Fund 459,403.51 UUAD Construction Fund 1,507,478.05
Water Fund 10,829,331.18
Bond Funds Held in Trust Stormwater Fund 4,336,560.81
Police Fire Refunding $756. 62 Sewer Fund 18,919,453.62 Fire Station 2 COPs 307. 29 Parking Fund 5,351,628.45
Marine Ave Park Refunding 0.72 County Parking Lots Fund 320,031.54 Metlox & Water/Wastewater Refunding 884.70 State Pier and Parking Lot Fund 1,387,004.36 Utility Assessment Districts 1,274,396.24 Insurance Reserve Fund 17,215,750.43 Pension Obligation Bonds 7,533.99 Info rmation Technology Fund 1,418,921.46 Subtotal Bonds Held in Trust $1,283,879.56 Fleet Management Fund 3,703,627.93 Building Maintenance & Operations Fund (1,130.55)
Special Assessment Redemption Fund 882,129.33
Investment Trust Funds Special Assessment UAD 12 & 14 Fund 774,766.51 PARS Pension Rate Stabilization Trust 3,799, 198.32 Special Assessment UAD 19-4 Fund 267,149.24 Pension Trust Fund (77,720.01)
Special Deposits Fund 1,780,619.58
Section 115 Trust Fund 3,799,198.32
Total Treasurer's Balance $128,535,962.02 Total All Funds $128,535,962.02 * The negative cash balances in the Street Lighting & Landscape Fund and the Building Maintenance Fund will be offset by General Fund transfers and charge-outs. The Pension Trust Fund typically has a negative balance at this time of year and will be reimbursed by the California Employees' Retiree Benefit Trust (CERBT) Fund around August 2025.
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
February 28, 2025
Subtotal Demand Deposit
February 4.333
January 4.366
December 4.434
November 4.477
October 4.518
September 4.575
LAIF Apportionment Rate(2): 4.62
LAIF Earnings Ratio(2): 0.00012664187216722
LAIF Administrative Cost(1)*: 0.28
PMIA Average Life(1): 252
LAIF Fair Value Factor(1): 0.999621985
PMIA Daily(1): 4.40
PMIA Quarter to Date(1): 4.48
Treasuries
55.64%
Agencies
25.57%
Certificates of
Deposit/Bank Notes
8.84%
Time
Deposits
3.11%
Commercial
Paper
6.17%
Corporate
Bonds
0.55%
Loans
0.12%
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)
PMIA/LAIF Performance Report
as of 03/05/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/24
Chart does not include $1,213,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
1/31/25
$162.9 billion