City of Manhattan Beach
Finance Department
Investment Portfolio
January 2026
As Finance Director for the City of Manhattan Beach, I hereby cer tify t ha t 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
January 1, 2026 through January 31, 2026
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 31,240,769.80 129.65 3.877131,240,769.8031,240,769.80 3.931 Medium Term Notes 21,507,516.57 1,65520.41 4.00767621,779,270.0022,000,000.00 4.063 Federal Agency Issues - Coupon 18,970,069.79 1,72518.00 4.03398319,132,990.0019,000,000.00 4.089 Treasury Securities - Coupon 33,646,169.52 1,69431.93 3.21969033,703,350.0034,000,000.00 3.263 105,364,525.68 100.00%
Investments
105,856,379.80106,240,769.80 1,190 536 3.721 3.773
Cash
(not included in yield calculations)
Passbook/Checking 23,782,489.95 1 0.000123,782,489.9523,782,489.95 0.000 129,147,015.63Total Cash and Investments 129,638,869.75130,023,259.75 1,190 536 3.721 3.773 Current Year
January 31
286,709.35
Fiscal Year To Date
1,987,899.99
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 01/01/2026-01/31/2026
Run Date: 03/11/2026 - 13:41 PM (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
January 31, 2026
Portfolio Details - Investments
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
3.931Local Agency Invest. Fund3000 31,240,769.80 31,240,769.80 3.93107/01/2024 31,240,769.80SYS3000 1 31,240,769.8031,240,769.8031,240,769.80Subtotal and Average 3.931 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 970,213.69 09/12/20272.90010/25/2022 989,150.00 AA+037833DB3 588
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 1,007,180.00 AA+037833ET3 829
1.963AMAZON.COM LLCMTN0111 1,000,000.00 996,446.09 05/12/20261.00002/24/2022 992,770.00 AA023135BX3 100
4.282AMAZON.COM LLCMTN0116 1,000,000.00 982,404.58 08/22/20273.15002/09/2023 993,100.00 AA023135BC9 567
4.342AMAZON.COM LLCMTN0129 1,000,000.00 973,927.01 04/13/20293.45007/12/2024 989,880.00023135CG9 1,167
4.410BANK OF NY MELLOMTN0118 1,000,000.00 981,404.41 01/29/20283.40004/14/2023 993,320.00 A06406RAF4 727
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,033,100.00 AA-194162AR4 759
3.743COSTCO COMPANIESMTN0117 1,000,000.00 966,253.14 06/20/20271.37504/14/2023 970,690.00 A+22160KAN5 504
3.765COSTCO COMPANIESMTN0119 1,000,000.00 965,865.11 06/20/20271.37504/18/2023 970,690.00 A+22160KAN5 504
4.593Johnson & JohnsonMTN0113 1,000,000.00 945,259.42 09/01/20270.95010/25/2022 960,050.00 AAA478160CP7 577
3.880Johnson & JohnsonMTN0114 1,000,000.00 953,568.91 09/01/20270.95012/22/2022 960,050.00 AAA478160CP7 577
4.374COCA-COLA COMTN0124 1,000,000.00 930,091.90 03/15/20281.00007/10/2023 946,340.00 A+191216DD9 773
3.556COCA-COLA COMTN0126 1,000,000.00 938,328.41 03/15/20281.00002/05/2024 946,340.00 A+191216DD9 773
4.163MICROSOFT CORPMTN0115 1,000,000.00 991,085.47 02/06/20273.30012/22/2022 996,750.00 AAA594918BY9 370
0.950MERCK & CO INCMTN0110 1,000,000.00 991,420.00 02/24/20260.75010/05/2021 998,090.00 A+58933YAY1 23
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 1,007,270.00 A+58933YBH7 836
5.044PepsicoMTN0125 1,000,000.00 987,799.10 05/15/20284.45011/02/2023 1,015,600.00 A+713448FR4 834
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,005,621.14 01/05/20294.65002/05/2024 1,019,860.0089236TLL7 1,069
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,019,860.0089236TLL7 1,069
4.183WALMART INCMTN0122 1,000,000.00 983,108.73 09/17/20261.05006/12/2023 983,880.00 AA931142ER0 228
4.349WALMART INCMTN0128 1,000,000.00 966,896.46 07/08/20293.25007/12/2024 985,300.00931142EN9 1,253 21,507,516.5721,779,270.0022,000,000.00Subtotal and Average 4.063 676 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,004,060.0031422XW99 743
2.747FED FARM CR BKFAC0296 2,000,000.00 2,009,719.53 03/22/20273.15004/11/2022 1,991,940.00 AA+3133EJDV8 414
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,003,960.003133ENV72 176
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,035,700.00 AA+3133EPA47 1,004
4.527FED FARM CR BKFAC0311 2,000,000.00 2,016,257.27 04/30/20294.75005/08/2024 2,066,240.003133ERDH1 1,184
4.343Federal Home Loan BankFAC0302 1,000,000.00 984,913.07 06/12/20260.87510/24/2022 990,120.003130AN4T4 131
4.048Federal Home Loan BankFAC0306 1,000,000.00 989,776.00 03/12/20273.00006/12/2023 993,430.00 AA+3130A3DU5 404
4.483Federal Home Loan BankFAC0307 1,000,000.00 990,418.99 06/09/20284.00007/10/2023 1,009,610.00 AA+3130AWC24 859 Portfolio CITY
CP
Run Date: 03/11/2026 - 13:41 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
January 31, 2026
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 1,027,240.00 AA+3130AXEL8 950
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,009,415.22 03/09/20294.62505/09/2024 2,052,940.003130B13J4 1,132
4.200Federal Home Loan MortgageFAC0312 1,000,000.00 1,000,000.00 08/28/20304.20008/28/2025 1,001,670.00 AA+3134HBK34 1,669
3.597Fannie MaeFAC0305 1,000,000.00 954,114.61 10/08/20270.75004/14/2023 954,780.003135G05Y5 614
4.000Fannie MaeFAC0313 2,000,000.00 2,000,000.00 08/28/20304.00008/28/2025 2,000,860.00 AA+3136GAPG8 1,669
3.659Tennessee Valley AuthorityFAC0314 2,000,000.00 2,021,219.10 08/01/20303.87509/11/2025 2,000,440.00 AA+880591FE7 1,642 18,970,069.7919,132,990.0019,000,000.00Subtotal and Average 4.089 983 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,975,956.37 01/31/20271.50004/08/2022 1,960,120.00912828Z78 364
3.287US TREASURYUST0057 1,000,000.00 989,016.60 08/15/20261.50006/17/2022 988,720.009128282A7 195
3.285US TREASURYUST0059 1,000,000.00 988,182.23 05/15/20272.37509/01/2022 985,470.00912828X88 468
3.295US TREASURYUST0060 1,000,000.00 988,049.16 05/15/20272.37509/01/2022 985,470.00912828X88 468
3.241US TREASURYUST0062 1,000,000.00 961,342.27 06/30/20270.50009/01/2022 958,710.00912828ZV5 514
4.180US TREASURYUST0064 1,000,000.00 978,801.50 10/31/20261.62510/25/2022 985,520.00912828YQ7 272
3.747US TREASURYUST0066 1,000,000.00 976,192.78 08/15/20272.25002/09/2023 981,020.009128282R0 560
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 983,730.0091282CCW9 211
0.892US TREASURYUST0046 1,000,000.00 998,435.92 07/31/20260.62510/05/2021 985,310.0091282CCP4 180
1.191US TREASURYUST0048 1,000,000.00 998,220.73 05/31/20260.75012/09/2021 990,510.0091282CCF6 119
1.176US TREASURYUST0049 1,000,000.00 998,418.93 06/30/20260.87512/09/2021 988,800.0091282CCJ8 149
1.210US TREASURYUST0050 1,000,000.00 997,495.80 09/30/20260.87512/09/2021 982,330.0091282CCZ2 241
2.581US TREASURYUST0053 1,000,000.00 987,736.24 10/31/20261.12504/08/2022 981,790.0091282CDG3 272
3.187US TREASURYUST0056 1,000,000.00 985,053.06 07/31/20260.62506/17/2022 985,310.0091282CCP4 180
3.302US TREASURYUST0058 1,000,000.00 982,556.30 09/30/20260.87506/17/2022 982,330.0091282CCZ2 241
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 996,170.0091282CEW7 514
3.309US TREASURYUST0063 1,000,000.00 992,163.01 07/31/20272.75009/01/2022 988,710.0091282CFB2 545
3.787US TREASURYUST0065 1,000,000.00 984,444.92 07/31/20272.75012/22/2022 988,710.0091282CFB2 545
3.804US TREASURYUST0067 2,000,000.00 1,989,827.88 01/31/20283.50002/09/2023 1,998,680.0091282CGH8 729
4.816US TREASURYUST0068 1,000,000.00 990,664.85 08/31/20284.37511/01/2023 1,019,260.0091282CHX2 942
3.786US TREASURYUST0069 2,000,000.00 2,013,919.71 01/31/20294.00002/02/2024 2,021,880.0091282CJW2 1,095
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,018,130.0091282CKD2 1,123
4.474US TREASURYUST0071 1,000,000.00 991,142.00 03/31/20294.12505/08/2024 1,014,610.0091282CKG5 1,154
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,029,840.0091282CKP5 1,184
4.123US TREASURYUST0073 1,000,000.00 958,298.83 05/31/20292.75007/12/2024 972,110.0091282CES6 1,215
4.147US TREASURYUST0074 1,000,000.00 973,010.10 06/30/20293.25007/12/2024 987,070.0091282CEV9 1,245
4.062US TREASURYUST0075 1,000,000.00 928,903.73 10/31/20281.37507/12/2024 942,500.0091282CDF5 1,003 Portfolio CITY
CP
Run Date: 03/11/2026 - 13:41 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
January 31, 2026
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 993,630.0091282CLN9 1,337
3.569US TREASURYUST0077 1,000,000.00 1,027,343.86 01/31/20304.25009/11/2025 1,019,530.0091282CMG3 1,460
3.544US TREASURYUST0078 1,000,000.00 987,434.44 08/31/20293.12509/11/2025 981,480.0091282CFJ5 1,307
3.581US TREASURYUST0079 1,000,000.00 1,012,473.26 11/30/20293.87509/11/2025 1,005,900.0091282CFY2 1,398 33,646,169.5233,703,350.0034,000,000.00Subtotal and Average 3.263 690 Total and Average 106,240,769.80 3.773 536105,856,379.80 105,364,525.68 Portfolio CITY
CP
Run Date: 03/11/2026 - 13:41 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
January 31, 2026
Portfolio Details - Cash
Issuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Money Market Fund
0.000UNION BANK39901 23,782,489.95 23,782,489.9507/01/2024 23,782,489.95SYS39903-39902 1 Subtotal and Average
Total Cash and Investments 130,023,259.75 3.773 536
1 129,638,869.75 129,147,015.63
Portfolio CITY
CP
Run Date: 03/11/2026 - 13:41 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Jan 31, 2026 Dec 31, 2025 Nov 30, 2025 Oct 31, 2025 Sep 30, 2025 Total Book Value (Excluding Trust Funds) $105,364,526 $105,037,624 $104,742,129 $106,437,945 $108,434,645 Increase/(Decrease) from Prior Period 326,902 295,495 (1,695,817) (1,996,700) 1,073,036 Percentage Change 0.3% 0.3% (1.6%) (1.8%) 1.0%
Average Yield to Maturity (365 Days) 3.773% 3.800% 3.821% 3.797% 3.758% Increase/(Decrease) from Prior Period (0.027%) (0.021%) 0.024% 0.039% 0.055%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $31,240,770 29.41% 3.931% Next 12 months 45%
Medium Term Notes 22,000,000 20.7% 4.063% Months 13-24 20% Federal Agencies 19,000,000 17.9% 4.089% Months 25-36 16% U.S. Treasuries 34,000,000 32.0% 3.263% Months 37-48 14% Total $106,240,770 100.0% 3.773% Months 49-60 5%
*LAIF YTM as of January 31, 2026 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% Matured: T - 0.375% Coupon 11/30/2025 11/30/2025 1,000,000 0.658% Total Maturing/Calls $9,000,000 1.738%
City of Manhattan BeachAs of January 31, 202
6 Investment Portfolio Summary
City of Manhattan BeachAs of January 31, 202
6 Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-Year
November 2025 3.94% 3.78% 3.55% 3.67% 4.09%
December 2025 3.63% 3.68% 3.50% 3.70% 4.14%
January 2026 3.67% 3.59% 3.54% 3.78% 4.21%
Portfolio 3.773% 3.773% 3.773% 3.773% 3.773%
LAIF 3 931% 3 931% 3 931% 3 931% 3 931%
Portfolio, 3.773%
LAIF, 3.931%
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
February 2026 through January 2031
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 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 Dec 26 Dec 27 Dec 28 Dec 29 Dec 30
Jan 27 1/31/27 2.7% 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 Jan 31 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
Total By Year (excl LAIF) $17.0m $21.0m $17.0m $15.0m $5.0m Average YTM 2.5% 3.8% 4.4% 4.1% 4.0%
% of Total Securities (excl LAIF) 23% 28% 23% 20% 7%
% of Total Investments (incl LAIF) 45% 20% 16% 14% 5%
Total Securities 71%
$75.0M
LAIF 29% $31.2M
Total Investments 100% $106.2M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of January 31, 202
6 Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $31,240,770 29.4% $75,000,000 Yes Treasury Securities
US Treasury $34,000,000 32.0% 5 Years Yes
Total U.S. Treasuries (31) TRUE $34,000,000 32.0 %
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 3.8% 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 20.7
% 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) 2,000,000 1.9% 33.3% Yes 5 Years Yes Total Federal Agencies (14) TRUE $19,000,000 17.9 % 60.0% Yes Total Portfolio $106,240,77 0 100.0%
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 $31,240,769.80 General Fund $36,153,677.06
Treasury Securities 33,646,169.52 Street Lighting & Landscape Fund* (19,031.23) Government Agency Issues 18,970,069.79 Gas Tax Fund 5,485,916.36 Medium Term Notes 21,507,516.57 Asset Forfeiture Fund 1,194,663.12 Subtotal Investments $105,364,525.68 Police Safety Grants Fund 604,730.53 Grants Fund 1.72
Investments In Transit (Cash Received 12/1/25) - Prop. A Fund 1,498,502.62 Prop. C Fund 2,277,718.71
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 361,396.52 Cash in Bank $23,782,489.95 Measure R Fund 2,179,605.79 Petty Cash 1,008.35 Measure M Fund 680,335.54
$23,783,498.30 Measure W Fund 1,277,367.06
Capital Improvements Fund 12,796,794.86
Subtotal City Cash & Investments $129,148,023.98 Fire Station #2 Construction Fund 252,488.84 UUAD Construction Fund 1,350,630.72
Water Fund 11,884,210.73
Bond Funds Held in Trust Stormwater Fund 4,633,801.02
Police Fire Refunding $185.31 Sewer Fund 19,336,388.53
Fire Station 2 COPs 76.75 Parking Fund 6,234,378.12
Marine Ave Park Refunding 0.35 County Parking Lots Fund 434,187.12 Metlox & Water/Wastewater Refunding 223.94 State Pier and Parking Lot Fund 1,381,848.27 Utility Assessment Districts 1,201,167.56 Insurance Reserve Fund 13,100,446.97 Pension Obligation Bonds 2,075.35 Information Technology Fund 1,781,578.09 2025 COPs 14,452.86 Fleet Management Fund 2,000,916.37
Subtotal Bonds Held in Trust $1,218,182.12 Building Maintenance & Operations Fund 8,730.85 Special Assessment Redemption Fund 683,362.63
Special Assessment UAD 12 & 14 Fund 802,225.80
Special Assessment UAD 19-4 Fund 351,881.06
Investment Trust Funds Pension Trust Fund* (97,130.01)
PARS Pension Rate Stabilization Trust 4,992,383.45 Special Deposits Fund 1,734,582.33 Section 115 Trust Fund 4,992,383.45
Total Treasurer's Balance $135,358,589.55 Total All Funds $135,358,589.55 * 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
January 31, 2026
Subtotal Demand Deposit
January 3.931
December 4.025
November 4.096
October 4.150
September 4.212
August 4.251
PMIA Average Life(1): 244
LAIF Fair Value Factor(1): 1.002181483
PMIA Daily(1): 3.97
PMIA Quarter to Date(1): 4.09
LAIF Apportionment Rate(2): 4.20
LAIF Earnings Ratio(2): 0.00011512010685708
LAIF Administrative Cost(1)*: 0.27
Treasuries
56.48%
Agencies
24.93%
Certificates of
Deposit/Bank Notes
9.22%
Time
Deposits
3.25%
Commercial
Paper
5.38%
Corporate
Bonds
0.58%
Loans
0.16%
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 02/05/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/25
Chart does not include $910,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
12/31/25
$162.6 billion