City of Manhattan Beach
Finance Department
Investment Portfolio
August 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
August 1, 2025 through August 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 4.193130,598,464.4530,598,464.45 4.251 Medium Term Notes 21,371,310.90 1,65619.91 4.00783021,632,320.0022,000,000.00 4.063 Federal Agency Issues - Coupon 20,917,811.44 1,63019.48 3.78486221,096,490.0021,000,000.00 3.837 Treasury Securities - Coupon 34,474,022.26 1,67732.11 2.87464934,475,840.0035,000,000.00 2.914 107,361,609.05 100.00%
Investments
107,803,114.45108,598,464.45 1,186 542 3.653 3.703
Cash
(not included in yield calculations)
Passbook/Checking 16,497,298.25 1 0.000116,497,298.2516,497,298.25 0.000 123,858,907.30Total Cash and Investments 124,300,412.70125,095,762.70 1,186 542 3.653 3.703 Current Year
August 31
272,832.08
Fiscal Year To Date
527,503.55
Average Daily Balance
Effective Rate of Return
114,813,369.72 120,421,432.87
2.58%2.80%
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 08/01/2025-08/31/2025
Run Date: 10/13/2025 - 13:35 IE (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
August 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.251Local Agency Invest. Fund3000 30,598,464.45 30,598,464.45 4.25107/01/2024 30,598,464.45SYS3000 1 30,598,464.4530,598,464.4530,598,464.4530,598,464.45Subtotal and Average 4.251 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 961,453.01 09/12/20272.90010/25/2022 984,110.00 AA+037833DB3 741
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 1,006,760.00 AA+037833ET3 982
1.963AMAZON.COM LLCMTN0111 1,000,000.00 991,599.84 05/12/20261.00002/24/2022 979,120.00 AA023135BX3 253
4.282AMAZON.COM LLCMTN0116 1,000,000.00 977,054.62 08/22/20273.15002/09/2023 987,140.00 AA023135BC9 720
4.342AMAZON.COM LLCMTN0129 1,000,000.00 969,959.86 04/13/20293.45007/12/2024 986,140.00023135CG9 1,320
4.410BANK OF NY MELLOMTN0118 1,000,000.00 976,935.51 01/29/20283.40004/14/2023 988,430.00 A06406RAF4 880
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,038,140.00 AA-194162AR4 912
3.743COSTCO COMPANIESMTN0117 1,000,000.00 954,791.94 06/20/20271.37504/14/2023 957,180.00 A+22160KAN5 657
3.765COSTCO COMPANIESMTN0119 1,000,000.00 954,272.13 06/20/20271.37504/18/2023 957,180.00 A+22160KAN5 657
4.593Johnson & JohnsonMTN0113 1,000,000.00 928,864.57 09/01/20270.95010/25/2022 948,030.00 AAA478160CP7 730
3.880Johnson & JohnsonMTN0114 1,000,000.00 939,662.76 09/01/20270.95012/22/2022 948,030.00 AAA478160CP7 730
4.374COCA-COLA COMTN0124 1,000,000.00 914,263.65 03/15/20281.00007/10/2023 934,050.00 A+191216DD9 926
3.556COCA-COLA COMTN0126 1,000,000.00 924,365.03 03/15/20281.00002/05/2024 934,050.00 A+191216DD9 926
4.163MICROSOFT CORPMTN0115 1,000,000.00 987,033.41 02/06/20273.30012/22/2022 992,740.00 AAA594918BY9 523
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 983,640.00 A+58933YAY1 176
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 1,005,300.00 A+58933YBH7 989
5.044PepsicoMTN0125 1,000,000.00 985,230.49 05/15/20284.45011/02/2023 1,015,960.00 A+713448FR4 987
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,006,553.68 01/05/20294.65002/05/2024 1,018,410.0089236TLL7 1,222
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,018,410.0089236TLL7 1,222
4.183WALMART INCMTN0122 1,000,000.00 967,830.18 09/17/20261.05006/12/2023 971,090.00 AA931142ER0 381
4.349WALMART INCMTN0128 1,000,000.00 962,197.22 07/08/20293.25007/12/2024 978,410.00931142EN9 1,406 21,371,310.9021,632,320.0022,000,000.0021,371,310.90Subtotal and Average 4.063 830 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,003,590.0031422XW99 896
2.747FED FARM CR BKFAC0296 2,000,000.00 2,013,677.71 03/22/20273.15004/11/2022 1,980,940.00 AA+3133EJDV8 567
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,005,100.003133ENV72 329
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,035,370.00 AA+3133EPA47 1,157
4.527FED FARM CR BKFAC0311 2,000,000.00 2,018,695.86 04/30/20294.75005/08/2024 2,066,800.003133ERDH1 1,337
1.871Federal Home Loan BankFAC0293 1,000,000.00 995,852.00 09/12/20251.75002/24/2022 999,280.00 AA+3130A8ZQ9 11
4.343Federal Home Loan BankFAC0302 1,000,000.00 968,149.81 06/12/20260.87510/24/2022 976,880.003130AN4T4 284
4.048Federal Home Loan BankFAC0306 1,000,000.00 984,855.33 03/12/20273.00006/12/2023 990,180.00 AA+3130A3DU5 557 Portfolio CITY
CP
Run Date: 10/13/2025 - 13:35 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
August 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
4.483Federal Home Loan BankFAC0307 1,000,000.00 988,457.01 06/09/20284.00007/10/2023 1,010,100.00 AA+3130AWC24 1,012
4.860Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,032,030.00 AA+3130AXEL8 1,103
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,010,890.19 03/09/20294.62505/09/2024 2,059,840.003130B13J4 1,285
2.722Federal Home Loan MortgageFAC0298 2,000,000.00 1,989,398.22 09/23/20250.37505/13/2022 1,995,440.00 AA+3137EAEX3 22
4.200Federal Home Loan MortgageFAC0312 1,000,000.00 1,000,000.00 08/28/20304.20008/28/2025 999,480.00 AA+3134HBK34 1,822
3.597Fannie MaeFAC0305 1,000,000.00 941,168.89 10/08/20270.75004/14/2023 942,300.003135G05Y5 767
4.000Fannie MaeFAC0313 2,000,000.00 2,000,000.00 08/28/20304.00008/28/2025 1,995,500.003136GAPG8 1,822
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,012,430.42 11/01/20256.75005/13/2022 1,003,660.00 AA+880591CJ9 61 20,917,811.4421,096,490.0021,000,000.0018,980,730.21Subtotal and Average 3.837 862 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,964,859.31 01/31/20271.50004/08/2022 1,938,520.00912828Z78 517
3.287US TREASURYUST0057 1,000,000.00 980,229.88 08/15/20261.50006/17/2022 977,980.009128282A7 348
3.285US TREASURYUST0059 1,000,000.00 983,884.86 05/15/20272.37509/01/2022 978,750.00912828X88 621
3.295US TREASURYUST0060 1,000,000.00 983,703.40 05/15/20272.37509/01/2022 978,750.00912828X88 621
3.241US TREASURYUST0062 1,000,000.00 948,456.36 06/30/20270.50009/01/2022 944,840.00912828ZV5 667
4.180US TREASURYUST0064 1,000,000.00 966,082.40 10/31/20261.62510/25/2022 975,310.00912828YQ7 425
3.747US TREASURYUST0066 1,000,000.00 968,867.48 08/15/20272.25002/09/2023 973,980.009128282R0 713
0.658US TREASURYUST0042 1,000,000.00 998,789.54 11/30/20250.37508/09/2021 990,750.0091282CAZ4 90
0.707US TREASURYUST0044 2,000,000.00 1,996,700.20 10/31/20250.25010/05/2021 1,987,080.0091282CAT8 60
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 969,810.0091282CCW9 364
0.892US TREASURYUST0046 1,000,000.00 997,095.28 07/31/20260.62510/05/2021 970,950.0091282CCP4 333
1.191US TREASURYUST0048 1,000,000.00 996,085.60 05/31/20260.75012/09/2021 976,550.0091282CCF6 272
1.176US TREASURYUST0049 1,000,000.00 996,837.86 06/30/20260.87512/09/2021 975,430.0091282CCJ8 302
1.210US TREASURYUST0050 1,000,000.00 995,826.33 09/30/20260.87512/09/2021 968,950.0091282CCZ2 394
1.678US TREASURYUST0052 2,000,000.00 1,992,395.99 09/30/20250.25002/24/2022 1,993,780.0091282CAM3 29
2.581US TREASURYUST0053 1,000,000.00 980,377.98 10/31/20261.12504/08/2022 969,530.0091282CDG3 425
3.187US TREASURYUST0056 1,000,000.00 972,241.40 07/31/20260.62506/17/2022 970,950.0091282CCP4 333
3.302US TREASURYUST0058 1,000,000.00 970,927.17 09/30/20260.87506/17/2022 968,950.0091282CCZ2 394
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 993,010.0091282CEW7 667
3.309US TREASURYUST0063 1,000,000.00 989,688.17 07/31/20272.75009/01/2022 983,480.0091282CFB2 698
3.787US TREASURYUST0065 1,000,000.00 979,532.79 07/31/20272.75012/22/2022 983,480.0091282CFB2 698
3.804US TREASURYUST0067 2,000,000.00 1,987,386.57 01/31/20283.50002/09/2023 1,995,400.0091282CGH8 882
4.816US TREASURYUST0068 1,000,000.00 988,914.51 08/31/20284.37511/01/2023 1,022,110.0091282CHX2 1,095
3.786US TREASURYUST0069 2,000,000.00 2,016,176.96 01/31/20294.00002/02/2024 2,025,080.0091282CJW2 1,248
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,020,900.0091282CKD2 1,276 Portfolio CITY
CP
Run Date: 10/13/2025 - 13:35 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
August 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
4.474US TREASURYUST0071 1,000,000.00 989,779.23 03/31/20294.12505/08/2024 1,016,990.0091282CKG5 1,307
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,034,140.0091282CKP5 1,337
4.123US TREASURYUST0073 1,000,000.00 952,196.22 05/31/20292.75007/12/2024 969,690.0091282CES6 1,368
4.147US TREASURYUST0074 1,000,000.00 969,154.40 06/30/20293.25007/12/2024 986,520.0091282CEV9 1,398
4.062US TREASURYUST0075 1,000,000.00 916,357.33 10/31/20281.37507/12/2024 934,180.0091282CDF5 1,156 34,474,022.2634,475,840.0035,000,000.0036,408,285.50Subtotal and Average 2.914 649 114,813,369.72 108,598,464.45 3.703 542107,803,114.45 107,361,609.05Total and Average Portfolio CITY
CP
Run Date: 10/13/2025 - 13:35 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
August 31, 2025
Portfolio Details - Cash
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
MaturityS&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 16,497,298.25 16,497,298.2507/01/2024 16,497,298.25SYS39903-39902 1
0.00 114,813,369.72 125,095,762.70 3.703 542
1Average Balance
124,300,412.70 123,858,907.30Total Cash and Investments Portfolio CITY
CP
Run Date: 10/13/2025 - 13:35 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Aug 31, 2025Jun 30, 2025May 31, 2025 Apr 30, 2025Mar 31, 2025 Total Book Value (Excluding Trust Funds)$107,361,609$107,357,990 $101,133,555 $102,794,774 $104,787,520 Increase/(Decrease) from Prior Period 3,619 (1,661,219) (1,992,746) (743,587) - Percentage Change 0.0% (1.6%) (1.9%) (0.7%) 0.0%
Average Yield to Maturity (365 Days) 3.703% 3.621% 3.439% 3.348% 3.347% Increase/(Decrease) from Prior Period 0.083% 0.091% 0.002% (0.004%) (0.030%)
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTMTime Horizon Percent LAIF* $30,598,464 28.18% 4.251%Next 12 months 46%
Medium Term Notes 22,000,000 20.3% 4.063%Months 13-24 19% Federal Agencies 21,000,000 19.3% 3.837%Months 25-36 16% U.S. Treasuries 35,000,000 32.2% 2.914%Months 37-48 17% Total $108,598,464 100.0% 3.702%Months 49-60 3%
*LAIF YTM as of August 31, 2025 BAD Total 100.0%
RECENT ACTIVITY
Security Date of ActivityMaturity DatePurchase (Par)Maturing/Call YTM FHLMC - 4.2% Coupon 8/28/2025 8/28/2030 1,000,000 8/28/2026 4.200% FNMA - 4% Coupon 8/28/2025 8/28/2030 2,000,000 8/28/2026 4.000% Total Purchases $3,000,000 4.067%
Matured: T - 0.25% Coupon 8/31/2025 8/31/2025 1,000,000 0.620% Matured: T - 0.25% Coupon 8/31/2025 8/31/2025 1,000,000 0.586% Matured: FFCB - 1.8% Coupon 8/22/2025 8/22/2025 1,000,000 1.870% Total Maturing/Calls $3,000,000 1.025%
City of Manhattan Beach
As of August 31, 2025
Investment Portfolio Summary
City of Manhattan Beach
As of August 31, 2025
Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-YearJune 20254.42% 4.30% 3.89% 3.96% 4.38%July 20254.41% 4.31% 3.88% 3.95% 4.39%August 20254.30% 4.11% 3.70% 3.79% 4.26%Portfolio3.703% 3.703% 3.703% 3.703% 3.703%LAIF4.251%4.251%4.251%4.251%4.251%Portfolio, 3.703%LAIF, 4.251%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
September 2025 through August 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 Sep 25 9/12/25 1.9% FHLB nc $1.0M Sep 26 9/30/26 1.21% T nc $1.0MSep 27 9/12/27 4.91% AAPL nc $1.0MSep 28 9/8/28 4.86% FHLB nc $1.0MSep 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 $1.0MOct 27 10/8/27 3.60% FNMA nc $1.0MOct 28 10/31/28 4.06% T nc $1.0MOct 29 10/31/26 4.18% T nc $1.0M
Nov 2511/30/25 0.7% T nc $1.0M Nov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0MNov 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 $2.0MJan 28 1/29/28 4.41% BK nc $1.0MJan 29 1/5/29 4.49% TOYOTAnc $1.0MJan 30 1/31/28 3.80% T nc $2.0M 1/31/29 3.79% T nc $2.0M
1/5/29 4.65% TOYOTAnc $1.0M
Feb 26 2/24/26 1.0% MRK MW: 10 $1.0M Feb 27 2/6/27 4.16% MSFT nc $1.0MFeb 28 2/14/28 3.85% FAMCA nc $1.0MFeb 29 2/28/29 4.43% T nc $1.0MFeb 30 Mar 26 Mar 27 3/22/27 2.75% FFCB nc $2.0MMar 28 3/1/28 4.69% CL nc $2.0MMar 29 3/31/29 4.47% T nc $1.0MMar 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 $1.0MApr 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 $1.0MMay 28 5/10/28 4.17% AAPL nc $1.0MMay 295/31/29 4.12% T nc $1.0MMay 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 $1.0MJun 28 6/9/28 4.48% FHLB nc $1.0MJun 29 6/30/29 4.15% T nc $1.0MJun 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 $1.0MJul 28 Jul 29 7/8/29 4.35% WMT nc $1.0MJul 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
Aug 26 8/31/26 0.9% T nc $1.0M Aug 27 8/15/27 3.75% T nc $1.0MAug 28 8/31/28 4.82% T nc $1.0M Aug 29 Aug 30 8/28/30 4.20% FHLMC8/28/26 $1.0M 8/15/26 3.3% T nc $1.0M 8/22/27 4.28% AMZN nc $1.0M 8/28/30 4.00% FNMA 8/28/26 $2.0M Total By Year (excl LAIF) $19.0m $21.0m $17.0m $18.0m $3.0m Average YTM 2.1% 3.4% 4.3% 4.4% 4.1%
% of Total Securities (excl LAIF) 24% 27% 22% 23% 4%
% of Total Investments (incl LAIF) 46% 19% 16% 17% 3%
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 Chart
As of August 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 $35,000,000 32.2% 5 Years Yes
Total U.S. Treasuries (30)TRUE $35,000,000 32.2%
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) 6,000,000 5.5% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 3,000,000 2.8% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 3,000,000 2.8% 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 (16)TRUE $21,000,000 19.3% 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 General Fund $36,098,839.34
Treasury Securities 34,474,022.26 Street Lighting & Landscape Fund* (3,178.47) Government Agency Issues 20,917,811.44 Gas Tax Fund 4,908,237.95 Medium Term Notes 21,371,310.90 Asset Forfeiture Fund 399,256.97 Subtotal Investments $107,361,609.05 Police Safety Grants Fund 491,189.42 Grants Fund -
Investments In Transit (Cash Received 9/2/25) 1,998,738.68 Prop. A Fund 1,400,860.86 Prop. C Fund 1,984,605.57
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 332,670.44 Cash in Bank $16,497,298.25 Measure R Fund 1,954,951.24 Petty Cash 1,008.35 Measure M Fund 1,132,600.10
$16,498,306.60 Measure W Fund 1,480,338.19
Capital Improvements Fund 13,870,391.53
Subtotal City Cash & Investments $125,858,654.33 Fire Station #2 Construction Fund 467,685.27 UUAD Construction Fund 1,329,503.72
Water Fund 11,382,390.25
Bond Funds Held in Trust Stormwater Fund 4,412,255.78
Police Fire Refunding $59.55 Sewer Fund 19,219,284.76
Fire Station 2 COPs 99.77 Parking Fund 5,900,766.58
Marine Ave Park Refunding 0.04 County Parking Lots Fund 286,191.51 Metlox & Water/Wastewater Refunding 59.88 State Pier and Parking Lot Fund 1,445,729.99 Utility Assessment Districts 2,212,236.30 Insurance Reserve Fund 13,616,577.88 Pension Obligation Bonds 804.28 Information Technology Fund 1,436,858.01 Subtotal Bonds Held in Trust $2,213,259.82 Fleet Management Fund 2,112,456.23 Building Maintenance & Operations Fund 17,578.01
Special Assessment Redemption Fund 1,084,153.05
Investment Trust Funds Special Assessment UAD 12 & 14 Fund 992,922.13 PARS Pension Rate Stabilization Trust 4,796,863.31 Special Assessment UAD 19-4 Fund 464,123.85 Pension Trust Fund* (6,929.31)
Special Deposits Fund 1,735,593.06
Section 115 Trust Fund 2,920,873.55
Total Treasurer's Balance $132,868,777.46 Total All Funds $132,868,777.46 * 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
August 31, 2025
Subtotal Demand Deposit
August 4.251
July 4.258
June 4.269
May 4.272
April 4.281
March 4.313
PMIA Average Life(1): 248
LAIF Fair Value Factor(1): 1.001198310
PMIA Daily(1): 4.26
PMIA Quarter to Date(1): 4.27
LAIF Apportionment Rate(2): 4.40
LAIF Earnings Ratio(2): 0.00012059828906715
LAIF Administrative Cost(1)*: 0.18
Treasuries
51.92%
Agencies
28.21%
Certificates of
Deposit/Bank Notes
9.47%
Time
Deposits
3.09%
Commercial
Paper
6.58%
Corporate
Bonds
0.58%
Loans
0.15%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*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 09/04/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,037,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
7/31/25
$171.6 billion