City of Manhattan Beach
Finance Department
Investment Portfolio
October 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 ot
herwise 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
October 1, 2025 through October 31, 2025
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 30,598,464.45 128.75 4.093130,598,464.4530,598,464.45 4.150 Medium Term Notes 21,371,310.90 1,65620.08 4.00776921,682,420.0022,000,000.00 4.063 Federal Agency Issues - Coupon 19,955,181.22 1,70218.75 3.9731,02220,116,910.0020,000,000.00 4.028 Treasury Securities - Coupon 34,512,988.57 1,69132.43 3.14476134,583,640.0035,000,000.00 3.188 106,437,945.14 100.00%
Investments
106,981,434.45107,598,464.45 1,200 593 3.745 3.797
Cash
(not included in yield calculations)
Passbook/Checking 9,858,761.02 1 0.00019,858,761.029,858,761.02 0.000 116,296,706.16Total Cash and Investments 116,840,195.47117,457,225.47 1,200 593 3.745 3.797 Current Year
October 31
299,214.60
Fiscal Year To Date
1,140,202.80
Average Daily Balance
Effective Rate of Return
120,198,139.13
2.93%
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 10/01/2025-10/31/2025
Run Date: 12/08/2025 - 12:10 IE (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.150Local Agency Invest. Fund3000 30,598,464.45 30,598,464.45 4.15007/01/2024 30,598,464.45SYS3000 1 30,598,464.4530,598,464.4530,598,464.4530,598,464.45Subtotal and Average 4.150 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 961,453.01 09/12/20272.90010/25/2022 984,330.00 AA+037833DB3 680
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 1,005,170.00 AA+037833ET3 921
1.963AMAZON.COM LLCMTN0111 1,000,000.00 991,599.84 05/12/20261.00002/24/2022 984,950.00 AA023135BX3 192
4.282AMAZON.COM LLCMTN0116 1,000,000.00 977,054.62 08/22/20273.15002/09/2023 989,240.00 AA023135BC9 659
4.342AMAZON.COM LLCMTN0129 1,000,000.00 969,959.86 04/13/20293.45007/12/2024 985,410.00023135CG9 1,259
4.410BANK OF NY MELLOMTN0118 1,000,000.00 976,935.51 01/29/20283.40004/14/2023 989,950.00 A06406RAF4 819
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,033,540.00 AA-194162AR4 851
3.743COSTCO COMPANIESMTN0117 1,000,000.00 954,791.94 06/20/20271.37504/14/2023 962,940.00 A+22160KAN5 596
3.765COSTCO COMPANIESMTN0119 1,000,000.00 954,272.13 06/20/20271.37504/18/2023 962,940.00 A+22160KAN5 596
4.593Johnson & JohnsonMTN0113 1,000,000.00 928,864.57 09/01/20270.95010/25/2022 952,910.00 AAA478160CP7 669
3.880Johnson & JohnsonMTN0114 1,000,000.00 939,662.76 09/01/20270.95012/22/2022 952,910.00 AAA478160CP7 669
4.374COCA-COLA COMTN0124 1,000,000.00 914,263.65 03/15/20281.00007/10/2023 938,510.00 A+191216DD9 865
3.556COCA-COLA COMTN0126 1,000,000.00 924,365.03 03/15/20281.00002/05/2024 938,510.00 A+191216DD9 865
4.163MICROSOFT CORPMTN0115 1,000,000.00 987,033.41 02/06/20273.30012/22/2022 994,440.00 AAA594918BY9 462
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 990,540.00 A+58933YAY1 115
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 1,005,060.00 A+58933YBH7 928
5.044PepsicoMTN0125 1,000,000.00 985,230.49 05/15/20284.45011/02/2023 1,014,970.00 A+713448FR4 926
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,006,553.68 01/05/20294.65002/05/2024 1,019,740.0089236TLL7 1,161
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,019,740.0089236TLL7 1,161
4.183WALMART INCMTN0122 1,000,000.00 967,830.18 09/17/20261.05006/12/2023 976,410.00 AA931142ER0 320
4.349WALMART INCMTN0128 1,000,000.00 962,197.22 07/08/20293.25007/12/2024 980,210.00931142EN9 1,345 21,371,310.9021,682,420.0022,000,000.0021,371,310.90Subtotal and Average 4.063 769 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,003,100.0031422XW99 835
2.747FED FARM CR BKFAC0296 2,000,000.00 2,013,677.71 03/22/20273.15004/11/2022 1,984,980.00 AA+3133EJDV8 506
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,005,900.003133ENV72 268
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,030,980.00 AA+3133EPA47 1,096
4.527FED FARM CR BKFAC0311 2,000,000.00 2,018,695.86 04/30/20294.75005/08/2024 2,070,880.003133ERDH1 1,276
4.343Federal Home Loan BankFAC0302 1,000,000.00 968,149.81 06/12/20260.87510/24/2022 982,780.003130AN4T4 223
4.048Federal Home Loan BankFAC0306 1,000,000.00 984,855.33 03/12/20273.00006/12/2023 990,960.00 AA+3130A3DU5 496
4.483Federal Home Loan BankFAC0307 1,000,000.00 988,457.01 06/09/20284.00007/10/2023 1,008,700.00 AA+3130AWC24 951 Portfolio CITY
CP
Run Date: 12/08/2025 - 12:10 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 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
4.860Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,029,030.00 AA+3130AXEL8 1,042
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,010,890.19 03/09/20294.62505/09/2024 2,056,560.003130B13J4 1,224
4.200Federal Home Loan MortgageFAC0312 1,000,000.00 1,000,000.00 08/28/20304.20008/28/2025 1,001,000.00 AA+3134HBK34 1,761
3.597Fannie MaeFAC0305 1,000,000.00 941,168.89 10/08/20270.75004/14/2023 946,280.003135G05Y5 706
4.000Fannie MaeFAC0313 2,000,000.00 2,000,000.00 08/28/20304.00008/28/2025 1,999,040.00 AA+3136GAPG8 1,761
2.894Tennessee Valley AuthorityFAC0299 1,000,000.00 1,012,430.42 11/01/20256.75005/13/2022 1,000,000.00 AA+880591CJ9 0
3.659Tennessee Valley AuthorityFAC0314 2,000,000.00 2,022,620.00 08/01/20303.87509/11/2025 2,006,720.00 AA+880591FE7 1,734 19,955,181.2220,116,910.0020,000,000.0019,955,181.22Subtotal and Average 4.028 1,022 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,964,859.31 01/31/20271.50004/08/2022 1,946,960.00912828Z78 456
3.287US TREASURYUST0057 1,000,000.00 980,229.88 08/15/20261.50006/17/2022 982,590.009128282A7 287
3.285US TREASURYUST0059 1,000,000.00 983,884.86 05/15/20272.37509/01/2022 981,210.00912828X88 560
3.295US TREASURYUST0060 1,000,000.00 983,703.40 05/15/20272.37509/01/2022 981,210.00912828X88 560
3.241US TREASURYUST0062 1,000,000.00 948,456.36 06/30/20270.50009/01/2022 950,270.00912828ZV5 606
4.180US TREASURYUST0064 1,000,000.00 966,082.40 10/31/20261.62510/25/2022 979,490.00912828YQ7 364
3.747US TREASURYUST0066 1,000,000.00 968,867.48 08/15/20272.25002/09/2023 976,560.009128282R0 652
0.658US TREASURYUST0042 1,000,000.00 998,789.54 11/30/20250.37508/09/2021 997,310.0091282CAZ4 29
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 975,790.0091282CCW9 303
0.892US TREASURYUST0046 1,000,000.00 997,095.28 07/31/20260.62510/05/2021 977,070.0091282CCP4 272
1.191US TREASURYUST0048 1,000,000.00 996,085.60 05/31/20260.75012/09/2021 982,790.0091282CCF6 211
1.176US TREASURYUST0049 1,000,000.00 996,837.86 06/30/20260.87512/09/2021 981,100.0091282CCJ8 241
1.210US TREASURYUST0050 1,000,000.00 995,826.33 09/30/20260.87512/09/2021 974,550.0091282CCZ2 333
2.581US TREASURYUST0053 1,000,000.00 980,377.98 10/31/20261.12504/08/2022 974,730.0091282CDG3 364
3.187US TREASURYUST0056 1,000,000.00 972,241.40 07/31/20260.62506/17/2022 977,070.0091282CCP4 272
3.302US TREASURYUST0058 1,000,000.00 970,927.17 09/30/20260.87506/17/2022 974,550.0091282CCZ2 333
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 994,020.0091282CEW7 606
3.309US TREASURYUST0063 1,000,000.00 989,688.17 07/31/20272.75009/01/2022 985,310.0091282CFB2 637
3.787US TREASURYUST0065 1,000,000.00 979,532.79 07/31/20272.75012/22/2022 985,310.0091282CFB2 637
3.804US TREASURYUST0067 2,000,000.00 1,987,386.57 01/31/20283.50002/09/2023 1,995,940.0091282CGH8 821
4.816US TREASURYUST0068 1,000,000.00 988,914.51 08/31/20284.37511/01/2023 1,020,390.0091282CHX2 1,034
3.786US TREASURYUST0069 2,000,000.00 2,016,176.96 01/31/20294.00002/02/2024 2,022,740.0091282CJW2 1,187
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,019,380.0091282CKD2 1,215
4.474US TREASURYUST0071 1,000,000.00 989,779.23 03/31/20294.12505/08/2024 1,015,700.0091282CKG5 1,246
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,032,270.0091282CKP5 1,276
4.123US TREASURYUST0073 1,000,000.00 952,196.22 05/31/20292.75007/12/2024 970,350.0091282CES6 1,307 Portfolio CITY
CP
Run Date: 12/08/2025 - 12:10 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
October 31, 2025
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
4.147US TREASURYUST0074 1,000,000.00 969,154.40 06/30/20293.25007/12/2024 986,520.0091282CEV9 1,337
4.062US TREASURYUST0075 1,000,000.00 916,357.33 10/31/20281.37507/12/2024 937,070.0091282CDF5 1,095
3.510US TREASURYUST0076 1,000,000.00 999,610.00 09/30/20293.50009/11/2025 994,260.0091282CLN9 1,429
3.569US TREASURYUST0077 1,000,000.00 1,029,390.00 01/31/20304.25009/11/2025 1,022,230.0091282CMG3 1,552
3.544US TREASURYUST0078 1,000,000.00 985,625.00 08/31/20293.12509/11/2025 981,090.0091282CFJ5 1,399
3.581US TREASURYUST0079 1,000,000.00 1,013,437.50 11/30/20293.87509/11/2025 1,007,810.0091282CFY2 1,490 34,512,988.5734,583,640.0035,000,000.0036,445,279.09Subtotal and Average 3.188 761 120,198,139.13 107,598,464.45 3.797 593106,981,434.45 106,437,945.14Total and Average Portfolio CITY
CP
Run Date: 12/08/2025 - 12:10 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
October 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 9,858,761.02 9,858,761.0207/01/2024 9,858,761.02SYS39903-39902 1
0.00 120,198,139.13 117,457,225.47 3.797 593
1Average Balance
116,840,195.47 116,296,706.16Total Cash and Investments Portfolio CITY
CP
Run Date: 12/08/2025 - 12:10 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Oct 31, 2025 Sep 30, 2025 Aug 31, 2025 Jul 31, 2025 Jun 30, 2025 Total Book Value (Excluding Trust Funds) $106,437,945 $108,434,645 $107,361,609 $107,357,990 $101,133,555 Increase/(Decrease) from Prior Period (1,996,700) 1,073,036 3,619 6,224,435 (1,661,219) Percentage Change (1.8%) 1.0% 0.0% 6.2% (1.6%)
Average Yield to Maturity (365 Days) 3.797% 3.758% 3.703% 3.621% 3.439% Increase/(Decrease) from Prior Period 0.039% 0.055% 0.083% 0.181% 0.091%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $30,598,464 28.44% 4.150% Next 12 months 42%
Medium Term Notes 22,000,000 20.4% 4.063% Months 13-24 20% Federal Agencies 20,000,000 18.6% 4.028% Months 25-36 14% U.S. Treasuries 35,000,000 32.5% 3.188% Months 37-48 18% Total $107,598,464 100.0% 3.796% Months 49-60 7%
*LAIF YTM as of October 31, 2025 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity Maturity Date Purchase (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% T - 3.5% Coupon 9/11/2025 9/30/2029 1,000,000 3.510%
T - 4.25% Coupon 9/11/2025 1/31/2030 1,000,000 3.569%
T - 3.125% Coupon 9/11/2025 8/31/2029 1,000,000 3.544%
T - 3.875% Coupon 9/11/2025 11/30/2029 1,000,000 3.581% TVA - 3.875% Coupon 9/11/2025 8/1/2030 2,000,000 3.659% Total Purchases $9,000,000 3.747%
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% Matured: FHLB - 1.75% Coupon 9/12/2025 9/12/2025 1,000,000 1.871% Matured: FHLMC - 0.375% Coupon 9/23/2025 9/23/2025 2,000,000 2.722% Matured: T - 0.25% Coupon 9/30/2025 9/30/2025 2,000,000 1.678% Matured: T - 0.25% Coupon 10/31/2025 10/31/2025 2,000,000 0.707% Total Maturing/Calls $10,000,000 1.516%
City of Manhattan Beach
As of October 31, 2025
Investment Portfolio Summary
City of Manhattan Beach
As of October 31, 2025
Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-YearAugust 20254.30% 4.11% 3.70% 3.79% 4.26%September 20254.07% 3.84% 3.57% 3.66% 4.12%October 20253.98% 3.79% 3.52% 3.65% 4.06%Portfolio3.797% 3.797% 3.797% 3.797% 3.797%LAIF4.150%4.150%4.150%4.150%4.150%Portfolio, 3.797%LAIF, 4.150%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
October 2025 through September 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 Oct 25 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 25 11/30/25 0.7% T nc $1.0M Nov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0MNov 2911/30/29 3.58% T nc $1.0M 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 1/31/30 3.57% T nc $1.0M 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 $1.0MAug 298/31/29 3.54% T nc $1.0MAug 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 8/1/30 3.66% TVA nc $2.0M
Sep 26 9/30/26 1.2% T nc $1.0M Sep 27 9/12/27 4.91% AAPL nc $1.0MSep 28 9/8/28 4.86% FHLB nc $1.0M Sep 29 9/30/29 3.51% T nc $1.0MSep 30 9/30/26 3.3% T nc $1.0M 9/1/27 4.59% JNJ nc $1.0M
9/17/26 4.2% WMT nc $1.0M 9/1/27 3.88% JNJ nc $1.0M
Total By Year (excl LAIF) $15.0m $21.0m $15.0m $19.0m $7.0m Average YTM 2.3% 3.7% 4.3% 4.3% 3.8%
% of Total Securities (excl LAIF) 19% 27% 19% 25% 9%
% of Total Investments (incl LAIF) 42% 20% 14% 18% 7%
Total Securities 72% $77.0M
LAIF 28% $30.6M
Total Investments 100% $107.6M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of October 31, 2025
Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $30,598,464 28.4% $75,000,000 Yes Treasury Securities
US Treasury $35,000,000 32.5% 5 Years Yes
Total U.S. Treasuries (32)TRUE $35,000,000 32.5%
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 20.4% 20.0% No* Federal Agencies
Federal Home Loan Bank (FHLB) $6,000,000 5.6% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 6,000,000 5.6% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 3,000,000 2.8% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 1,000,000 0.9% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 0.9% 33.3% Yes 5 Years Yes Tennessee Valley Authority (TVA) 3,000,000 2.8% 33.3% Yes 5 Years Yes Total Federal Agencies (15)TRUE $20,000,000 18.6% 60.0% Yes Total Portfolio $107,598,464 100.0%
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 $25,901,601.60
Treasury Securities 34,512,988.57 Street Lighting & Landscape Fund* (89,943.65) Government Agency Issues 19,955,181.22 Gas Tax Fund 5,077,855.31 Medium Term Notes 21,371,310.90 Asset Forfeiture Fund 707,905.16 Subtotal Investments $106,437,945.14 Police Safety Grants Fund 437,836.46 Grants Fund -
Prop. A Fund 1,371,904.08
Prop. C Fund 2,020,347.09
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 346,614.77 Cash in Bank $9,858,761.02 Measure R Fund 2,053,499.77
Petty Cash 1,008.35 Measure M Fund 818,106.36
$9,859,769.37 Measure W Fund 1,316,255.08
Capital Improvements Fund 13,898,718.77
Subtotal City Cash & Investments $116,297,714.51 Fire Station #2 Construction Fund 470,634.37 UUAD Construction Fund 1,337,887.23
Water Fund 11,622,012.90
Bond Funds Held in Trust Stormwater Fund 4,146,626.17
Police Fire Refunding $59.92 Sewer Fund 19,311,993.55
Fire Station 2 COPs 100.41 Parking Fund 6,570,222.76
Marine Ave Park Refunding 0.04 County Parking Lots Fund 376,400.63 Metlox & Water/Wastewater Refunding 60.27 State Pier and Parking Lot Fund 1,322,213.53 Utility Assessment Districts 1,191,561.09 Insurance Reserve Fund 13,432,772.81 Pension Obligation Bonds 809.46 Information Technology Fund 1,535,932.44 2025 COPs 14,303.75 Fleet Management Fund 2,373,783.40
Subtotal Bonds Held in Trust $1,206,894.94 Building Maintenance & Operations Fund 52,037.04 Special Assessment Redemption Fund 598,396.05
Special Assessment UAD 12 & 14 Fund 495,271.90
Special Assessment UAD 19-4 Fund 185,437.12
Investment Trust Funds Pension Trust Fund* (46,997.96)
PARS Pension Rate Stabilization Trust 4,920,275.94 Special Deposits Fund 1,735,274.47 Section 115 Trust Fund 3,044,286.18
Total Treasurer's Balance $122,424,885.39 Total All Funds $122,424,885.39 * 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 2026.
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
October 31, 2025
Subtotal Demand Deposit
October 4.150
September 4.212
August 4.251
July 4.258
June 4.269
May 4.272
LAIF Apportionment Rate(2): 4.34
LAIF Earnings Ratio(2): 0.00011893333163814
LAIF Administrative Cost(1)*: 0.26
PMIA Average Life(1): 254
LAIF Fair Value Factor(1): 1.001929581
PMIA Daily(1): 4.19
PMIA Quarter to Date(1): 4.24
Treasuries
52.46%
Agencies
28.00%
Certificates of
Deposit/Bank Notes
9.74%
Time
Deposits
3.39%
Commercial
Paper
5.66%
Corporate
Bonds
0.58%
Loans
0.17%
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 11/19/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $961,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/25
$156.2 billion