City of Manhattan Beach
Finance Department
Investment Portfolio
July 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, Finance Director
Libby Bretthauer
CITY OF MANHATTAN BEACH
Portfolio Management
July 1, 2025 through July 31, 2025
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 30,598,464.45 128.50 4.200130,598,464.4530,598,464.45 4.258 Medium Term Notes 21,371,310.90 1,65619.91 4.00786121,480,430.0022,000,000.00 4.063 Federal Agency Issues - Coupon 18,915,453.44 1,58017.62 3.64669518,985,240.0019,000,000.00 3.697 Treasury Securities - Coupon 36,472,760.94 1,66833.97 2.74964536,237,590.0037,000,000.00 2.787 107,357,989.73 100.00%
Investments
107,301,724.45108,598,464.45 1,175 513 3.571 3.621
Cash
(not included in yield calculations)
Passbook/Checking 7,153,154.67 1 0.00017,153,154.677,153,154.67 0.000 114,511,144.40Total Cash and Investments 114,454,879.12115,751,619.12 1,175 513 3.571 3.621 Current Year
July 31
254,671.46
Fiscal Year To Date
254,671.46
Average Daily Balance
Effective Rate of Return
126,029,496.01
2.38%
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 07/01/2025-07/31/2025
Run Date: 09/10/2025 - 07:23 IE (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.258Local Agency Invest. Fund3000 30,598,464.45 30,598,464.45 4.25830,598,464.45SYS3000 1 30,598,464.4530,598,464.4530,598,464.4525,336,382.97Subtotal and Average 4.258 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 961,453.01 09/12/20272.90010/25/2022 976,890.00 AA+037833DB3 772
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 999,420.00 AA+037833ET3 1,013
1.963AMAZON.COM LLCMTN0111 1,000,000.00 991,599.84 05/12/20261.00002/24/2022 975,720.00 AA023135BX3 284
4.282AMAZON.COM LLCMTN0116 1,000,000.00 977,054.62 08/22/20273.15002/09/2023 981,210.00 AA023135BC9 751
4.342AMAZON.COM LLCMTN0129 1,000,000.00 969,959.86 04/13/20293.45007/12/2024 977,230.00023135CG9 1,351
4.410BANK OF NY MELLOMTN0118 1,000,000.00 976,935.51 01/29/20283.40004/14/2023 980,620.00 A06406RAF4 911
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,024,700.00 AA-194162AR4 943
3.743COSTCO COMPANIESMTN0117 1,000,000.00 954,791.94 06/20/20271.37504/14/2023 951,540.00 A+22160KAN5 688
3.765COSTCO COMPANIESMTN0119 1,000,000.00 954,272.13 06/20/20271.37504/18/2023 951,540.00 A+22160KAN5 688
4.593Johnson & JohnsonMTN0113 1,000,000.00 928,864.57 09/01/20270.95010/25/2022 940,000.00 AAA478160CP7 761
3.880Johnson & JohnsonMTN0114 1,000,000.00 939,662.76 09/01/20270.95012/22/2022 940,000.00 AAA478160CP7 761
4.374COCA-COLA COMTN0124 1,000,000.00 914,263.65 03/15/20281.00007/10/2023 924,920.00 A+191216DD9 957
3.556COCA-COLA COMTN0126 1,000,000.00 924,365.03 03/15/20281.00002/05/2024 924,920.00 A+191216DD9 957
4.163MICROSOFT CORPMTN0115 1,000,000.00 987,033.41 02/06/20273.30012/22/2022 988,950.00 AAA594918BY9 554
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 979,550.00 A+58933YAY1 207
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 998,770.00 A+58933YBH7 1,020
5.044PepsicoMTN0125 1,000,000.00 985,230.49 05/15/20284.45011/02/2023 1,009,460.00 A+713448FR4 1,018
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,006,553.68 01/05/20294.65002/05/2024 1,009,400.0089236TLL7 1,253
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,009,400.0089236TLL7 1,253
4.183WALMART INCMTN0122 1,000,000.00 967,830.18 09/17/20261.05006/12/2023 966,470.00 AA931142ER0 412
4.349WALMART INCMTN0128 1,000,000.00 962,197.22 07/08/20293.25007/12/2024 969,720.00931142EN9 1,437 21,371,310.9021,480,430.0022,000,000.0021,371,310.90Subtotal and Average 4.063 861 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 995,470.0031422XW99 927
1.870FED FARM CR BKFAC0294 1,000,000.00 997,642.00 08/22/20251.80002/24/2022 998,500.00 AA+3133ENPX2 21
2.747FED FARM CR BKFAC0296 2,000,000.00 2,013,677.71 03/22/20273.15004/11/2022 1,969,600.00 AA+3133EJDV8 598
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,002,590.003133ENV72 360
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,027,200.00 AA+3133EPA47 1,188
4.527FED FARM CR BKFAC0311 2,000,000.00 2,018,695.86 04/30/20294.75005/08/2024 2,047,520.003133ERDH1 1,368
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 996,830.00 AA+3130A8ZQ9 42
4.343Federal Home Loan BankFAC0302 1,000,000.00 968,149.81 06/12/20260.87510/24/2022 972,780.003130AN4T4 315 Portfolio CITY
CP
Run Date: 09/10/2025 - 07:23 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2025
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 1,000,000.00 984,855.33 03/12/20273.00006/12/2023 985,470.00 AA+3130A3DU5 588
4.483Federal Home Loan BankFAC0307 1,000,000.00 988,457.01 06/09/20284.00007/10/2023 1,003,150.00 AA+3130AWC24 1,043
4.861Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,024,130.00 AA+3130AXEL8 1,134
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,010,890.19 03/09/20294.62505/09/2024 2,035,860.003130B13J4 1,316
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,989,398.22 09/23/20250.37505/13/2022 1,988,200.00 AA+3137EAEX3 53
3.597Fannie MaeFAC0305 1,000,000.00 941,168.89 10/08/20270.75004/14/2023 934,090.003135G05Y5 798
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,012,430.42 11/01/20256.75005/13/2022 1,003,850.00 AA+880591CJ9 92 18,915,453.4418,985,240.0019,000,000.0018,915,453.44Subtotal and Average 3.697 695 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,964,859.31 01/31/20271.50004/08/2022 1,926,640.00912828Z78 548
3.287US TREASURYUST0057 1,000,000.00 980,229.88 08/15/20261.50006/17/2022 973,150.009128282A7 379
3.285US TREASURYUST0059 1,000,000.00 983,884.86 05/15/20272.37509/01/2022 972,500.00912828X88 652
3.295US TREASURYUST0060 1,000,000.00 983,703.40 05/15/20272.37509/01/2022 972,500.00912828X88 652
3.241US TREASURYUST0062 1,000,000.00 948,456.36 06/30/20270.50009/01/2022 936,990.00912828ZV5 698
4.180US TREASURYUST0064 1,000,000.00 966,082.40 10/31/20261.62510/25/2022 969,920.00912828YQ7 456
3.747US TREASURYUST0066 1,000,000.00 968,867.48 08/15/20272.25002/09/2023 967,110.009128282R0 744
0.620US TREASURYUST0038 1,000,000.00 999,348.70 08/31/20250.25005/28/2021 996,620.0091282CAJ0 30
0.586US TREASURYUST0041 1,000,000.00 999,389.98 08/31/20250.25008/11/2021 996,620.0091282CAJ0 30
0.658US TREASURYUST0042 1,000,000.00 998,789.54 11/30/20250.37508/09/2021 986,870.0091282CAZ4 121
0.707US TREASURYUST0044 2,000,000.00 1,996,700.20 10/31/20250.25010/05/2021 1,979,900.0091282CAT8 91
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 964,220.0091282CCW9 395
0.892US TREASURYUST0046 1,000,000.00 997,095.28 07/31/20260.62510/05/2021 965,380.0091282CCP4 364
1.191US TREASURYUST0048 1,000,000.00 996,085.60 05/31/20260.75012/09/2021 971,740.0091282CCF6 303
1.176US TREASURYUST0049 1,000,000.00 996,837.86 06/30/20260.87512/09/2021 970,440.0091282CCJ8 333
1.210US TREASURYUST0050 1,000,000.00 995,826.33 09/30/20260.87512/09/2021 963,240.0091282CCZ2 425
1.678US TREASURYUST0052 2,000,000.00 1,992,395.99 09/30/20250.25002/24/2022 1,986,580.0091282CAM3 60
2.581US TREASURYUST0053 1,000,000.00 980,377.98 10/31/20261.12504/08/2022 963,910.0091282CDG3 456
3.187US TREASURYUST0056 1,000,000.00 972,241.40 07/31/20260.62506/17/2022 965,380.0091282CCP4 364
3.302US TREASURYUST0058 1,000,000.00 970,927.17 09/30/20260.87506/17/2022 963,240.0091282CCZ2 425
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 987,230.0091282CEW7 698
3.309US TREASURYUST0063 1,000,000.00 989,688.17 07/31/20272.75009/01/2022 977,150.0091282CFB2 729
3.787US TREASURYUST0065 1,000,000.00 979,532.79 07/31/20272.75012/22/2022 977,150.0091282CFB2 729
3.804US TREASURYUST0067 2,000,000.00 1,987,386.57 01/31/20283.50002/09/2023 1,981,180.0091282CGH8 913
4.816US TREASURYUST0068 1,000,000.00 988,914.51 08/31/20284.37511/01/2023 1,013,870.0091282CHX2 1,126
3.786US TREASURYUST0069 2,000,000.00 2,016,176.96 01/31/20294.00002/02/2024 2,005,940.0091282CJW2 1,279 Portfolio CITY
CP
Run Date: 09/10/2025 - 07:23 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
July 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,011,410.0091282CKD2 1,307
4.474US TREASURYUST0071 1,000,000.00 989,779.23 03/31/20294.12505/08/2024 1,007,230.0091282CKG5 1,338
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,024,530.0091282CKP5 1,368
4.123US TREASURYUST0073 1,000,000.00 952,196.22 05/31/20292.75007/12/2024 958,980.0091282CES6 1,399
4.147US TREASURYUST0074 1,000,000.00 969,154.40 06/30/20293.25007/12/2024 976,020.0091282CEV9 1,429
4.062US TREASURYUST0075 1,000,000.00 916,357.33 10/31/20281.37507/12/2024 923,950.0091282CDF5 1,187 36,472,760.9436,237,590.0037,000,000.0040,342,514.71Subtotal and Average 2.787 645 126,029,496.01 108,598,464.45 3.621 513107,301,724.45 107,357,989.73Total and Average Portfolio CITY
CP
Run Date: 09/10/2025 - 07:23 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
July 31, 2025
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 7,153,154.67 7,153,154.677,153,154.67SYS39903-39902 1
0.00 126,029,496.01 115,751,619.12 3.621 513
1Average Balance
114,454,879.12 114,511,144.40Total Cash and Investments Portfolio CITY
CP
Run Date: 09/10/2025 - 07:23 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Jul 31, 2025 Jun 30, 2025 May 31, 2025 Apr 30, 2025 Mar 31, 2025 Total Book Value (Excluding Trust Funds) $107,357,990 $101,133,555 $102,794,774 $104,787,520 $105,531,107 Increase/(Decrease) from Prior Period 6,224,435 (1,661,219) (1,992,746) (743,587) - Percentage Change 6.2% (1.6%) (1.9%) (0.7%) 0.0%
Average Yield to Maturity (365 Days) 3.621% 3.439% 3.348% 3.347% 3.350% Increase/(Decrease) from Prior Period 0.181% 0.091% 0.002% (0.004%) (0.030%)
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $30,598,464 28.18% 4.258% Next 12 months 47%
Medium Term Notes 22,000,000 20.3% 4.063% Months 13-24 19% Federal Agencies 19,000,000 17.5% 3.697% Months 25-36 17% U.S. Treasuries 37,000,000 34.1% 2.787% Months 37-48 17% Total $108,598,464 100.0% 3.619% Months 49-60 0%
*LAIF YTM as of July 31, 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: T - 0.25% Coupon 6/30/2025 6/30/2025 1,000,000 0.561% Matured: T - 0.25% Coupon 6/30/2025 6/30/2025 1,000,000 0.591% Matured: T - 0.25% Coupon 7/31/2025 7/31/2025 2,000,000 0.576% Matured: T - 0.25% Coupon 7/31/2025 7/31/2025 1,000,000 0.601% Matured: T - 0.25% Coupon 7/31/2025 7/31/2025 1,000,000 0.681% Total Maturing/Calls $6,000,000 0.598%
City of Manhattan Beach
As of July 31, 202
5 Investment Portfolio Summary
City of Manhattan Beach
As of July 31, 202
5 Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-Year
May 2025 4.36% 4.30% 3.92% 4.02% 4.42%
June 2025 4.42% 4.30% 3.89% 3.96% 4.38%
July 2025 4.41% 4.31% 3.88% 3.95% 4.39%
Portfolio 3.621% 3.621% 3.621% 3.621% 3.621%
LAIF 4 258% 4 258% 4 258% 4 258% 4 258%
Portfolio, 3.621%
LAIF, 4.258%
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
August 2025 through July 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 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% 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 1.7% 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% FAMCA nc $1.0M Feb 29 2/28/29 4.43% T nc $1.0M Feb 30 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 Mar 30 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 26 Apr 27 Apr 28 Apr 29 4/13/29 4.34% AMZN nc $1.0M Apr 30 4/30/29 4.42% T nc $1.0M
4/30/29 4.53% FFCB nc $2.0M
May 26 5/31/26 1.2% 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 May 30 5/12/26 2.0% 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 26 6/30/26 1.2% 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 Jun 30 6/12/26 4.3% 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 26 7/31/26 0.9% 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 Jul 30 7/31/26 3.2% T nc $1.0M 7/31/27 3.79% T nc $1.0M
7/27/26 4.6% FFCB nc $1.0M
Total By Year (excl LAIF) $20.0m $21.0m $18.0m $19.0m $0.0m Average YTM 1.9% 3.2% 4.2% 4.4% 0.0%
% of Total Securities (excl LAIF) 26% 27% 23% 24% 0%
% of Total Investments (incl LAIF) 47% 19% 17% 17% 0%
Total Securities 72%
$78.0M
LAIF 28% $30.6M
Total Investments 100% $108.6M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance ChartAs of July 31, 2025
Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $30,598,464 28.2% $75,000,000 Yes Treasury Securities
US Treasury $37,000,000 34.1% 5 Years Yes
Total U.S. Treasuries (32) TRUE $37,000,000 34.1%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.8% 5.0% Yes 5 Years Yes
Amazon 3,000,000 2.8% 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 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 1.8% 5.0% Yes 5 Years Yes Total Financial Sector $3,000,000 2.8% 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 3.7% 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 2.8% 10.0% Yes
Total Medium Term Notes (21) TRUE $22,000,000 20.3% 20.0% No* Federal Agencies
Federal Home Loan Bank (FHLB) $7,000,000 6.4% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 7,000,000 6.4% 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) 1,000,000 0.9% 33.3% Yes 5 Years Yes Total Federal Agencies (15) TRUE $19,000,000 17.5% 60.0% Yes Total Portfolio $108,598,464 100.0%
Dollar Compliance Percentage Compliance Term Compliance Temporary Suspension
*Per the City's Investment Policy, the percentage of Medium Term Notes (MTN) was in compliance when all securities were purchased. A temporary decrease in US Treasury Securities and Federal Agency investments has caused the percentage of MTNs to be over 20% of the total portfolio.
Investments Cash Balances by Fund
LAIF $30,598,464.45 Gener al Fund $23,956,577.45
Treasury Securities 36,472,760.94 Street Lighting & Landscape Fund* (181,576.99) Government Agency Issues 18, 915,453.44 Gas Tax Fund 5,806,665.42 Medium Term Notes 21,371,310.90 Asset Forfeiture Fund 218,119.24 Subtotal Investments $107,357,989.73 Police Safety Grants Fund 489,677.54 Grants Fund -
Prop. A Fund 1,386,739.72
Prop. C Fund 1,916,300.50
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 331,702.31 Cash in Bank $7,153,154.67 Measure R Fund 2,089,247.09
Petty Cash 2,317.07 Meas ure M Fund 1,647,176.54
$7,155,471.74 Measure W Fund 2,096,918.20
Capital Improvements Fund 11,646,854.03
Subtotal City Cash & Investments $114,513,461.47 Fire Station #2 Construction Fund 466,245.74 UUAD Construction Fund 1,529,131.93
Water Fund 10,580,559.78
Bond Funds Held in Trust Stormwater Fund 4,230,429.83
Police Fire Refunding $59. 36 Sewer Fund 19,349,241.34
Fire Station 2 COPs 99. 44 Parking Fund 5,782,566.32
Marine Ave Park Refunding 0.08 County Parking Lots Fund 689,130.22 Metlox & Water/Wastewater Refunding 59.68 State Pier and Parking Lot Fund 1,637,217.36 Utility Assessment Districts 1,179,873.76 Insurance Reserve Fund 14,438,930.58 Pension Obligation Bonds 801.58 Info rmation Technology Fund 1,434,279.66 Subtotal Bonds Held in Trust $1,180,893.90 Fleet Management Fund 2,013,102.70 Building Maintenance & Operations Fund 129,476.43
Special Assessment Redemption Fund 1,076,840.78
Investment Trust Funds Special Assessment UAD 12 & 14 Fund 982,998.82 PARS Pension Rate Stabilization Trust 4,725, 328.40 Special Assessment UAD 19-4 Fund 285,463.86 Pension Trust Fund* (168,601.03)
Special Deposits Fund 1,708,929.76
Section 115 Trust Fund 2,849,338.64
Total Treasurer's Balance $120,419,683.77 Total All Funds $120,419,683.77 * The negative cash balance in the Street Lighting & Landscape Fund will be offset by a General Fund transfers at year-end. 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 in August 2025.
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
July 31, 2025
Subtotal Demand Deposit
July 4.258
June 4.269
May 4.272
April 4.281
March 4.313
February 4.333
LAIF Apportionment Rate(2): 4.40
LAIF Earnings Ratio(2): 0.00012059828906715
LAIF Administrative Cost(1)*: 0.18
PMIA Average Life(1): 248
LAIF Fair Value Factor(1): 1.001198310
PMIA Daily(1): 4.26
PMIA Quarter to Date(1): 4.27
Treasuries
55.09%
Agencies
25.48%
Certificates of
Deposit/Bank Notes
9.12%
Time
Deposits
2.96%
Commercial
Paper
6.67%
Corporate
Bonds
0.53%
Loans
0.15%
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 08/06/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,063,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
6/30/25
$178.1 billion