City of Manhattan Beach
Finance Department
Investment Portfolio
November 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
November 1, 2025 through November 30, 2025
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 30,913,867.82 129.51 4.040130,913,867.8230,913,867.82 4.096 Medium Term Notes 21,371,310.90 1,65620.40 4.00773921,736,280.0022,000,000.00 4.063 Federal Agency Issues - Coupon 18,942,750.80 1,72518.09 4.0331,04619,161,120.0019,000,000.00 4.089 Treasury Securities - Coupon 33,514,199.03 1,69432.00 3.21875333,681,570.0034,000,000.00 3.263 104,742,128.55 100.00%
Investments
105,492,837.82105,913,867.82 1,192 581 3.769 3.821
Cash
(not included in yield calculations)
Passbook/Checking 9,630,844.71 1 0.00019,630,844.719,630,844.71 0.000 114,372,973.26Total Cash and Investments 115,123,682.53115,544,712.53 1,192 581 3.769 3.821 Current Year
November 30
272,508.08
Fiscal Year To Date
1,413,329.09
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 11/01/2025-11/30/2025
Run Date: 01/14/2026 - 14:19 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2025
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
4.096Local Agency Invest. Fund3000 30,913,867.82 30,913,867.82 4.09607/01/2024 30,913,867.82SYS3000 1 30,913,867.8230,913,867.8230,913,867.82Subtotal and Average 4.096 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 961,453.01 09/12/20272.90010/25/2022 987,050.00 AA+037833DB3 650
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 1,007,880.00 AA+037833ET3 891
1.963AMAZON.COM LLCMTN0111 1,000,000.00 991,599.84 05/12/20261.00002/24/2022 991,200.00 AA023135BX3 162
4.282AMAZON.COM LLCMTN0116 1,000,000.00 977,054.62 08/22/20273.15002/09/2023 987,270.00 AA023135BC9 629
4.342AMAZON.COM LLCMTN0129 1,000,000.00 969,959.86 04/13/20293.45007/12/2024 988,570.00023135CG9 1,229
4.410BANK OF NY MELLOMTN0118 1,000,000.00 976,935.51 01/29/20283.40004/14/2023 992,130.00 A06406RAF4 789
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,036,940.00 AA-194162AR4 821
3.743COSTCO COMPANIESMTN0117 1,000,000.00 954,791.94 06/20/20271.37504/14/2023 966,400.00 A+22160KAN5 566
3.765COSTCO COMPANIESMTN0119 1,000,000.00 954,272.13 06/20/20271.37504/18/2023 966,400.00 A+22160KAN5 566
4.593Johnson & JohnsonMTN0113 1,000,000.00 928,864.57 09/01/20270.95010/25/2022 955,450.00 AAA478160CP7 639
3.880Johnson & JohnsonMTN0114 1,000,000.00 939,662.76 09/01/20270.95012/22/2022 955,450.00 AAA478160CP7 639
4.374COCA-COLA COMTN0124 1,000,000.00 914,263.65 03/15/20281.00007/10/2023 942,820.00 A+191216DD9 835
3.556COCA-COLA COMTN0126 1,000,000.00 924,365.03 03/15/20281.00002/05/2024 942,820.00 A+191216DD9 835
4.163MICROSOFT CORPMTN0115 1,000,000.00 987,033.41 02/06/20273.30012/22/2022 996,460.00 AAA594918BY9 432
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 992,140.00 A+58933YAY1 85
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 1,007,120.00 A+58933YBH7 898
5.044PepsicoMTN0125 1,000,000.00 985,230.49 05/15/20284.45011/02/2023 1,015,990.00 A+713448FR4 896
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,006,553.68 01/05/20294.65002/05/2024 1,020,440.0089236TLL7 1,131
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,020,440.0089236TLL7 1,131
4.183WALMART INCMTN0122 1,000,000.00 967,830.18 09/17/20261.05006/12/2023 979,360.00 AA931142ER0 290
4.349WALMART INCMTN0128 1,000,000.00 962,197.22 07/08/20293.25007/12/2024 983,950.00931142EN9 1,315 21,371,310.9021,736,280.0022,000,000.00Subtotal and Average 4.063 739 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,005,180.0031422XW99 805
2.747FED FARM CR BKFAC0296 2,000,000.00 2,013,677.71 03/22/20273.15004/11/2022 1,988,140.00 AA+3133EJDV8 476
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,005,580.003133ENV72 238
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,033,140.00 AA+3133EPA47 1,066
4.527FED FARM CR BKFAC0311 2,000,000.00 2,018,695.86 04/30/20294.75005/08/2024 2,076,480.003133ERDH1 1,246
4.343Federal Home Loan BankFAC0302 1,000,000.00 968,149.81 06/12/20260.87510/24/2022 985,130.003130AN4T4 193
4.048Federal Home Loan BankFAC0306 1,000,000.00 984,855.33 03/12/20273.00006/12/2023 992,050.00 AA+3130A3DU5 466
4.483Federal Home Loan BankFAC0307 1,000,000.00 988,457.01 06/09/20284.00007/10/2023 1,012,510.00 AA+3130AWC24 921 Portfolio CITY
CP
Run Date: 01/14/2026 - 14:19 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2025
Portfolio Details - Investments
Issuer
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 1,031,070.00 AA+3130AXEL8 1,012
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,010,890.19 03/09/20294.62505/09/2024 2,062,140.003130B13J4 1,194
4.200Federal Home Loan MortgageFAC0312 1,000,000.00 1,000,000.00 08/28/20304.20008/28/2025 1,001,730.00 AA+3134HBK34 1,731
3.597Fannie MaeFAC0305 1,000,000.00 941,168.89 10/08/20270.75004/14/2023 950,730.003135G05Y5 676
4.000Fannie MaeFAC0313 2,000,000.00 2,000,000.00 08/28/20304.00008/28/2025 2,000,720.00 AA+3136GAPG8 1,731
3.659Tennessee Valley AuthorityFAC0314 2,000,000.00 2,022,620.00 08/01/20303.87509/11/2025 2,016,520.00 AA+880591FE7 1,704 18,942,750.8019,161,120.0019,000,000.00Subtotal and Average 4.089 1,046 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,964,859.31 01/31/20271.50004/08/2022 1,952,180.00912828Z78 426
3.287US TREASURYUST0057 1,000,000.00 980,229.88 08/15/20261.50006/17/2022 984,510.009128282A7 257
3.285US TREASURYUST0059 1,000,000.00 983,884.86 05/15/20272.37509/01/2022 983,400.00912828X88 530
3.295US TREASURYUST0060 1,000,000.00 983,703.40 05/15/20272.37509/01/2022 983,400.00912828X88 530
3.241US TREASURYUST0062 1,000,000.00 948,456.36 06/30/20270.50009/01/2022 953,710.00912828ZV5 576
4.180US TREASURYUST0064 1,000,000.00 966,082.40 10/31/20261.62510/25/2022 981,810.00912828YQ7 334
3.747US TREASURYUST0066 1,000,000.00 968,867.48 08/15/20272.25002/09/2023 978,830.009128282R0 622
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 978,390.0091282CCW9 273
0.892US TREASURYUST0046 1,000,000.00 997,095.28 07/31/20260.62510/05/2021 979,800.0091282CCP4 242
1.191US TREASURYUST0048 1,000,000.00 996,085.60 05/31/20260.75012/09/2021 985,250.0091282CCF6 181
1.176US TREASURYUST0049 1,000,000.00 996,837.86 06/30/20260.87512/09/2021 983,620.0091282CCJ8 211
1.210US TREASURYUST0050 1,000,000.00 995,826.33 09/30/20260.87512/09/2021 977,210.0091282CCZ2 303
2.581US TREASURYUST0053 1,000,000.00 980,377.98 10/31/20261.12504/08/2022 977,320.0091282CDG3 334
3.187US TREASURYUST0056 1,000,000.00 972,241.40 07/31/20260.62506/17/2022 979,800.0091282CCP4 242
3.302US TREASURYUST0058 1,000,000.00 970,927.17 09/30/20260.87506/17/2022 977,210.0091282CCZ2 303
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 995,590.0091282CEW7 576
3.309US TREASURYUST0063 1,000,000.00 989,688.17 07/31/20272.75009/01/2022 987,270.0091282CFB2 607
3.787US TREASURYUST0065 1,000,000.00 979,532.79 07/31/20272.75012/22/2022 987,270.0091282CFB2 607
3.804US TREASURYUST0067 2,000,000.00 1,987,386.57 01/31/20283.50002/09/2023 2,000,000.0091282CGH8 791
4.816US TREASURYUST0068 1,000,000.00 988,914.51 08/31/20284.37511/01/2023 1,022,810.0091282CHX2 1,004
3.786US TREASURYUST0069 2,000,000.00 2,016,176.96 01/31/20294.00002/02/2024 2,028,760.0091282CJW2 1,157
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,022,230.0091282CKD2 1,185
4.474US TREASURYUST0071 1,000,000.00 989,779.23 03/31/20294.12505/08/2024 1,018,710.0091282CKG5 1,216
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,035,080.0091282CKP5 1,246
4.123US TREASURYUST0073 1,000,000.00 952,196.22 05/31/20292.75007/12/2024 974,490.0091282CES6 1,277
4.147US TREASURYUST0074 1,000,000.00 969,154.40 06/30/20293.25007/12/2024 990,270.0091282CEV9 1,307
4.062US TREASURYUST0075 1,000,000.00 916,357.33 10/31/20281.37507/12/2024 941,560.0091282CDF5 1,065 Portfolio CITY
CP
Run Date: 01/14/2026 - 14:19 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
November 30, 2025
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
3.510US TREASURYUST0076 1,000,000.00 999,610.00 09/30/20293.50009/11/2025 998,160.0091282CLN9 1,399
3.569US TREASURYUST0077 1,000,000.00 1,029,390.00 01/31/20304.25009/11/2025 1,026,130.0091282CMG3 1,522
3.544US TREASURYUST0078 1,000,000.00 985,625.00 08/31/20293.12509/11/2025 985,200.0091282CFJ5 1,369
3.581US TREASURYUST0079 1,000,000.00 1,013,437.50 11/30/20293.87509/11/2025 1,011,600.0091282CFY2 1,460 33,514,199.0333,681,570.0034,000,000.00Subtotal and Average 3.263 753 Total and Average 105,913,867.82 3.821 581105,492,837.82 104,742,128.55 Portfolio CITY
CP
Run Date: 01/14/2026 - 14:19 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
November 30, 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 9,630,844.71 9,630,844.7107/01/2024 9,630,844.71SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 115,544,712.53 3.821 581
1 115,123,682.53 114,372,973.26
Portfolio CITY
CP
Run Date: 01/14/2026 - 14:19 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Nov 30, 2025 Oct 31, 2025 Sep 30, 2025 Aug 31, 2025 Jul 31, 2025 Total Book Value (Excluding Trust Funds) $104,742,129 $106,437,945 $108,434,645 $107,361,609 $107,357,990 Increase/(Decrease) from Prior Period (1,695,817) (1,996,700) 1,073,036 3,619 6,224,435 Percentage Change (1.6%) (1.8%) 1.0% 0.0% 6.2%
Average Yield to Maturity (365 Days) 3.821% 3.797% 3.758% 3.703% 3.621% Increase/(Decrease) from Prior Period 0.024% 0.039% 0.055% 0.083% 0.181%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $30,913,868 29.19% 4.096% Next 12 months 43%
Medium Term Notes 22,000,000 20.8% 4.063% Months 13-24 19% Federal Agencies 19,000,000 17.9% 4.089% Months 25-36 15% U.S. Treasuries 34,000,000 32.1% 3.263% Months 37-48 17% Total $105,913,868 100.0% 3.820% Months 49-60 6%
*LAIF YTM as of November 30, 2025 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activit y Maturity Date Purchase (Par) Maturing/Call YTM 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 $6,000,000 3.587%
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% Matured: TVA - 6.75% Coupon 11/1/2025 11/1/2025 1,000,000 2.894% Total Maturing/Calls $8,000,000 1.872%
City of Manhattan BeachAs of November 30, 202
5 Investment Portfolio Summary
City of Manhattan BeachAs of November 30, 202
5 Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-Year
September 2025 4.07% 3.84% 3.57% 3.66% 4.12%
October 2025 3.98% 3.79% 3.52% 3.65% 4.06%
November 2025 3.94% 3.78% 3.55% 3.67% 4.09%
Portfolio 3.821% 3.821% 3.821% 3.821% 3.821%
LAIF 4 096% 4 096% 4 096% 4 096% 4 096%
Portfolio, 3.821%
LAIF, 4.096%
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
December 2025 through November 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 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 1/31/30 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% 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
Aug 26 8/31/26 0.9% 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 8/31/29 3.54% T nc $1.0M Aug 30 8/28/30 4.20% FHLMC 8/28/26 $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 $1.0M Sep 28 9/8/28 4.86% FHLB nc $1.0M Sep 29 9/30/29 3.51% T nc $1.0M Sep 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
Oct 26 10/31/26 2.6% 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 Oct 30 10/31/26 4.2% T nc $1.0M
Nov 26 Nov 27 Nov 28 11/1/28 4.86% FFCB nc $1.0M Nov 29 11/30/29 3.58% T nc $1.0M Nov 30 Total By Year (excl LAIF) $15.0m $20.0m $16.0m $18.0m $6.0m Average YTM 2.5% 3.7% 4.4% 4.2% 3.9%
% of Total Securities (excl LAIF) 20% 27% 21% 24% 8%
% of Total Investments (incl LAIF) 43% 19% 15% 17% 6%
Total Securities 71%
$75.0M
LAIF 29% $30.9M
Total Investments 100% $105.9M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance ChartAs of November 30, 202 5 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $30,913,868 29.2% $75,000,00 0 Yes Treasury Securities
US Treasury $34,000,000 32.1% 5 Years Yes
Total U.S. Treasuries (31) TRUE $34,000,000 32.1%
Medium Term (Corporate) Notes
Coca-Cola 2,000,00 0 1.9% 5.0% Yes 5 Year s Yes
Amazon 3,000,00 0 2.8% 5.0% Yes 5 Year s Yes
Costco 2,000,00 0 1.9% 5.0% Yes 5 Year s Yes
Walmart 2,000,00 0 1.9% 5.0% Yes 5 Year s Yes
Colgate-Palmolive 2,000,00 0 1.9% 5.0% Yes 5 Year s Yes Pepsi Cola 1,000,00 0 0.9% 5.0% Yes 5 Year s 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 Year s Yes
Toyota Motor Credit Corp 2,000,000 1.9% 5.0% Yes 5 Year s Yes Total Financial Sector $3,000,000 2.8% 10.0 % Yes
Johnson & Johnson 2,000,000 1.9% 5.0% Yes 5 Year s Yes
Merck 2,000,00 0 1.9% 5.0% Yes 5 Year s Yes
Total Pharmaceuticals Sector $4,000,000 3.8% 10.0 % Yes Apple Inc 2,000,000 1.9% 5.0% Yes 5 Year s Yes
Microsoft Corp 1,000,00 0 0.9% 5.0% Yes 5 Year s Yes
Total Technology Sector $3,000,000 2.8% 10.0 % Yes
Total Medium Term Notes (21) TRUE $22,000,000 20.8% 20.0% No* Federal Agencies
Federal Home Loan Bank (FHLB) $6,000,000 5.7% 33.3% Yes 5 Year s Yes Federal Farm Credit (FFCB) 6,000,000 5.7% 33.3% Yes 5 Year s Yes Fannie Mae (FNMA) 3,000,000 2.8% 33.3% Yes 5 Year s Yes Freddie Mac (FHLMC) 1,000,000 0.9% 33.3% Yes 5 Year s Yes Frarmer Mac (FAMCA) 1,000,000 0.9% 33.3% Yes 5 Year s Yes Tennessee Valley Authority (TVA) 2,000,000 1.9% 33.3% Yes 5 Year s Yes Total Federal Agencies (14) TRUE $19,000,000 17.9% 60.0% Yes Total Portfolio $105,913,86 8 100.0%
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 LAIF, 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 $30,913,867.82 Gener al Fund $24,647,071.72
Treasury Securities 33,514,199.03 Street Lighting & Landscape Fund* (128,830.28) Government Agency Issues 18, 942,750.80 Gas Tax Fund 5,254,286.17 Medium Term Notes 21,371,310.90 A sset Forfeiture Fund 1,073,425.53 Subtotal Investments $104,742,128.55 Police Safety Grants Fund 517,397.32 Grants Fund -
Investments In Transit (Cash Received 12/1/25) 998,789.54 Prop. A Fund 1,466,615.47 Prop. C Fund 2,147,784.83
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 347,662.36 Cash in Bank $9,630,844.71 Measure R Fund 2,105,439.91
Petty Cash 1,008.35 Measure M Fund 718,830.65
$9,631,853.06 Measure W Fund 979,170.80
Capital Improvements Fund 13,887,398.22
Subtotal City Cash & Investments $115,372,771.15 Fire Station #2 Construction Fund 472,132.95 UUAD Construction Fund 1,342,147.29
Water Fund 11,415,401.75
Bond Funds Held in Trust Stormwater Fund 3,957,408.00
Police Fire Refunding $60. 10 Sewer Fund 19,228,857.39
Fire Station 2 COPs 100. 73 Parking Fund 6,571,916.02
Marine Ave Park Refunding 0.04 County Parking Lots Fund 395,975.27 Metlox & Water/Wastewater Refunding 60.27 State Pier and Parking Lot Fund 1,329,143.30 Utility Assessment Districts 1,195,185.19 Insurance Reserve Fund 13,563,385.76 Pension Obligation Bonds 812.00 Info rmation Technology Fund 1,696,840.08 2025 COPs 14,346.89 Fleet M anagement Fund 2,466,509.93 Subtotal Bonds Held in Trust $1,210,565.22 Building Maintenance & Operations Fund 32,141.87 Special Assessment Redemption Fund 600,094.84
Special Assessment UAD 12 & 14 Fund 496,605.14
Special Assessment UAD 19-4 Fund 186,029.19
Investment Trust Funds Pension Trust Fund* (66,149.69)
PARS Pension Rate Stabilization Trust 4 ,943,872.06 Special D eposits Fund 1,754,634.34 Section 115 Trust Fund 3,067,882.30
Total Treasurer's Balance $121,527,208.43 Total All Funds $121,527,208.43 * 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 at a later date.
CITY OF MANHATTAN BEACH
TREASURER'S REPORT
November 30, 2025
Subtotal Demand Deposit
November 4.096
October 4.150
September 4.212
August 4.251
July 4.258
June 4.269
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
55.33%
Agencies
25.05%
Certificates of
Deposit/Bank Notes
9.97%
Time
Deposits
3.39%
Commercial
Paper
5.48%
Corporate
Bonds
0.61%
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 12/17/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $936,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
11/30/25
$155.9 billion