City of Manhattan Beach
Finance Department
Investment Portfolio
February 2026
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
February 1, 2026 through February 28, 2026
Portfolio Summary
% of
Portfolio
Book
ValueInvestments
Market
Value
Par
Value
Days to
Maturity
Term
YTM
360 Equiv.
YTM
365 Equiv.
LAIF 31,240,769.80 129.93 3.818131,240,769.8031,240,769.80 3.871 Medium Term Notes 20,516,096.57 1,65819.66 4.15568020,826,300.0021,000,000.00 4.213 Federal Agency Issues - Coupon 18,970,069.79 1,72518.18 4.03395519,208,150.0019,000,000.00 4.089 Treasury Securities - Coupon 33,646,169.52 1,69432.24 3.21966233,834,850.0034,000,000.00 3.263 104,373,105.68 100.00%
Investments
105,110,069.80105,240,769.80 1,186 521 3.730 3.782
Cash
(not included in yield calculations)
Passbook/Checking 24,534,063.02 1 0.000124,534,063.0224,534,063.02 0.000 128,907,168.70Total Cash and Investments 129,644,132.82129,774,832.82 1,186 521 3.730 3.782 Current Year
February 28
297,248.50
Fiscal Year To Date
2,285,148.49
Average Daily Balance
Effective Rate of Return
128,996,818.24
3.00%
Total Earnings Month Ending
__________________________________________________ ____________________
CITY OF MANHATTAN BEACH,
Portfolio CITY
CP
Reporting period 02/01/2026-02/28/2026
Run Date: 04/14/2026 - 11:49 IE (PRF_PM1) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2026
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
LAIF
3.871Local Agency Invest. Fund3000 31,240,769.80 31,240,769.80 3.87107/01/2024 31,240,769.80SYS3000 1 31,240,769.8031,240,769.8031,240,769.8031,240,769.80Subtotal and Average 3.871 1 Medium Term Notes
4.905APPLE INCMTN0112 1,000,000.00 970,213.69 09/12/20272.90010/25/2022 990,190.00 AA+037833DB3 560
4.171APPLE INCMTN0121 1,000,000.00 992,446.00 05/10/20284.00006/12/2023 1,008,670.00 AA+037833ET3 801
1.963AMAZON.COM LLCMTN0111 1,000,000.00 996,446.09 05/12/20261.00002/24/2022 994,600.00 AA023135BX3 72
4.282AMAZON.COM LLCMTN0116 1,000,000.00 982,404.58 08/22/20273.15002/09/2023 993,830.00 AA023135BC9 539
4.342AMAZON.COM LLCMTN0129 1,000,000.00 973,927.01 04/13/20293.45007/12/2024 992,440.00023135CG9 1,139
4.410BANK OF NY MELLOMTN0118 1,000,000.00 981,404.41 01/29/20283.40004/14/2023 994,930.00 A06406RAF4 699
4.690COLGATE-PALM COMTN0123 2,000,000.00 1,992,460.00 03/01/20284.60007/10/2023 2,034,900.00 AA-194162AR4 731
3.743COSTCO COMPANIESMTN0117 1,000,000.00 966,253.14 06/20/20271.37504/14/2023 971,650.00 A+22160KAN5 476
3.765COSTCO COMPANIESMTN0119 1,000,000.00 965,865.11 06/20/20271.37504/18/2023 971,650.00 A+22160KAN5 476
4.593Johnson & JohnsonMTN0113 1,000,000.00 945,259.42 09/01/20270.95010/25/2022 963,180.00 AAA478160CP7 549
3.880Johnson & JohnsonMTN0114 1,000,000.00 953,568.91 09/01/20270.95012/22/2022 963,180.00 AAA478160CP7 549
4.374COCA-COLA COMTN0124 1,000,000.00 930,091.90 03/15/20281.00007/10/2023 950,770.00 A+191216DD9 745
3.556COCA-COLA COMTN0126 1,000,000.00 938,328.41 03/15/20281.00002/05/2024 950,770.00 A+191216DD9 745
4.163MICROSOFT CORPMTN0115 1,000,000.00 991,085.47 02/06/20273.30012/22/2022 996,760.00 AAA594918BY9 342
4.210MERCK & CO INCMTN0120 1,000,000.00 992,917.00 05/17/20284.05006/12/2023 1,007,950.00 A+58933YBH7 808
5.044PepsicoMTN0125 1,000,000.00 987,799.10 05/15/20284.45011/02/2023 1,016,620.00 A+713448FR4 806
4.493TOYOTA MOTOR CREDITMTN0127 1,000,000.00 1,005,621.14 01/05/20294.65002/05/2024 1,023,820.0089236TLL7 1,041
4.650TOYOTA MOTOR CREDITMTN0130 1,000,000.00 1,000,000.00 01/05/20294.65007/12/2024 1,023,820.0089236TLL7 1,041
4.183WALMART INCMTN0122 1,000,000.00 983,108.73 09/17/20261.05006/12/2023 985,510.00 AA931142ER0 200
4.349WALMART INCMTN0128 1,000,000.00 966,896.46 07/08/20293.25007/12/2024 991,060.00931142EN9 1,225 20,516,096.5720,826,300.0021,000,000.0021,330,477.28Subtotal and Average 4.213 680 Federal Agency Issues - Coupon
3.850FARMER MACFAC0304 1,000,000.00 1,000,000.00 02/14/20283.85002/14/2023 1,006,500.0031422XW99 715
2.747FED FARM CR BKFAC0296 2,000,000.00 2,009,719.53 03/22/20273.15004/11/2022 1,992,360.00 AA+3133EJDV8 386
4.550FED FARM CR BKFAC0303 1,000,000.00 998,356.00 07/27/20264.50010/27/2022 1,002,880.003133ENV72 148
4.860FED FARM CR BKFAC0309 1,000,000.00 1,000,600.00 11/01/20284.87511/02/2023 1,039,630.00 AA+3133EPA47 976
4.527FED FARM CR BKFAC0311 2,000,000.00 2,016,257.27 04/30/20294.75005/08/2024 2,078,120.003133ERDH1 1,156
4.343Federal Home Loan BankFAC0302 1,000,000.00 984,913.07 06/12/20260.87510/24/2022 992,150.003130AN4T4 103
4.048Federal Home Loan BankFAC0306 1,000,000.00 989,776.00 03/12/20273.00006/12/2023 994,720.00 AA+3130A3DU5 376
4.483Federal Home Loan BankFAC0307 1,000,000.00 990,418.99 06/09/20284.00007/10/2023 1,012,900.00 AA+3130AWC24 831
4.860Federal Home Loan BankFAC0308 1,000,000.00 995,280.00 09/08/20284.75011/02/2023 1,030,860.00 AA+3130AXEL8 922 Portfolio CITY
CP
Run Date: 04/14/2026 - 11:49 PM (PRF_PM2) 7.3.11
Report Ver. 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2026
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Federal Agency Issues - Coupon
4.514Federal Home Loan BankFAC0310 2,000,000.00 2,009,415.22 03/09/20294.62505/09/2024 2,064,180.003130B13J4 1,104
4.200Federal Home Loan MortgageFAC0312 1,000,000.00 1,000,000.00 08/28/20304.20008/28/2025 1,001,680.00 AA+3134HBK34 1,641
3.597Fannie MaeFAC0305 1,000,000.00 954,114.61 10/08/20270.75004/14/2023 958,630.003135G05Y5 586
4.000Fannie MaeFAC0313 2,000,000.00 2,000,000.00 08/28/20304.00008/28/2025 2,001,980.00 AA+3136GAPG8 1,641
3.659Tennessee Valley AuthorityFAC0314 2,000,000.00 2,021,219.10 08/01/20303.87509/11/2025 2,031,560.00 AA+880591FE7 1,614 18,970,069.7919,208,150.0019,000,000.0018,970,069.79Subtotal and Average 4.089 955 Treasury Securities - Coupon
2.665US TREASURYUST0054 2,000,000.00 1,975,956.37 01/31/20271.50004/08/2022 1,963,320.00912828Z78 336
3.287US TREASURYUST0057 1,000,000.00 989,016.60 08/15/20261.50006/17/2022 990,230.009128282A7 167
3.285US TREASURYUST0059 1,000,000.00 988,182.23 05/15/20272.37509/01/2022 986,840.00912828X88 440
3.295US TREASURYUST0060 1,000,000.00 988,049.16 05/15/20272.37509/01/2022 986,840.00912828X88 440
3.241US TREASURYUST0062 1,000,000.00 961,342.27 06/30/20270.50009/01/2022 961,800.00912828ZV5 486
4.180US TREASURYUST0064 1,000,000.00 978,801.50 10/31/20261.62510/25/2022 986,880.00912828YQ7 244
3.747US TREASURYUST0066 1,000,000.00 976,192.78 08/15/20272.25002/09/2023 983,090.009128282R0 532
0.907US TREASURYUST0045 1,000,000.00 992,500.00 08/31/20260.75010/05/2021 985,840.0091282CCW9 183
0.892US TREASURYUST0046 1,000,000.00 998,435.92 07/31/20260.62510/05/2021 987,640.0091282CCP4 152
1.191US TREASURYUST0048 1,000,000.00 998,220.73 05/31/20260.75012/09/2021 992,720.0091282CCF6 91
1.176US TREASURYUST0049 1,000,000.00 998,418.93 06/30/20260.87512/09/2021 990,770.0091282CCJ8 121
1.210US TREASURYUST0050 1,000,000.00 997,495.80 09/30/20260.87512/09/2021 984,240.0091282CCZ2 213
2.581US TREASURYUST0053 1,000,000.00 987,736.24 10/31/20261.12504/08/2022 983,530.0091282CDG3 244
3.187US TREASURYUST0056 1,000,000.00 985,053.06 07/31/20260.62506/17/2022 987,640.0091282CCP4 152
3.302US TREASURYUST0058 1,000,000.00 982,556.30 09/30/20260.87506/17/2022 984,240.0091282CCZ2 213
3.300US TREASURYUST0061 1,000,000.00 997,755.04 06/30/20273.25009/01/2022 997,310.0091282CEW7 486
3.309US TREASURYUST0063 1,000,000.00 992,163.01 07/31/20272.75009/01/2022 990,390.0091282CFB2 517
3.787US TREASURYUST0065 1,000,000.00 984,444.92 07/31/20272.75012/22/2022 990,390.0091282CFB2 517
3.804US TREASURYUST0067 2,000,000.00 1,989,827.88 01/31/20283.50002/09/2023 2,003,820.0091282CGH8 701
4.816US TREASURYUST0068 1,000,000.00 990,664.85 08/31/20284.37511/01/2023 1,023,440.0091282CHX2 914
3.786US TREASURYUST0069 2,000,000.00 2,013,919.71 01/31/20294.00002/02/2024 2,033,440.0091282CJW2 1,067
4.430US TREASURYUST0070 1,000,000.00 992,220.00 02/28/20294.25005/08/2024 1,024,100.0091282CKD2 1,095
4.474US TREASURYUST0071 1,000,000.00 991,142.00 03/31/20294.12505/08/2024 1,021,020.0091282CKG5 1,126
4.421US TREASURYUST0072 1,000,000.00 1,009,000.00 04/30/20294.62505/08/2024 1,036,130.0091282CKP5 1,156
4.123US TREASURYUST0073 1,000,000.00 958,298.83 05/31/20292.75007/12/2024 979,690.0091282CES6 1,187
4.147US TREASURYUST0074 1,000,000.00 973,010.10 06/30/20293.25007/12/2024 994,770.0091282CEV9 1,217
4.062US TREASURYUST0075 1,000,000.00 928,903.73 10/31/20281.37507/12/2024 949,140.0091282CDF5 975
3.510US TREASURYUST0076 1,000,000.00 999,610.00 09/30/20293.50009/11/2025 1,002,150.0091282CLN9 1,309 Portfolio CITY
CP
Run Date: 04/14/2026 - 11:49 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Maturity
Date
Stated
RateMarket Value
February 28, 2026
Portfolio Details - Investments
Average
BalanceIssuer
Portfolio Management
CITY OF MANHATTAN BEACH
Days to
Maturity
S&PCUSIP Investment #
Purchase
Date
Treasury Securities - Coupon
3.569US TREASURYUST0077 1,000,000.00 1,027,343.86 01/31/20304.25009/11/2025 1,028,750.0091282CMG3 1,432
3.544US TREASURYUST0078 1,000,000.00 987,434.44 08/31/20293.12509/11/2025 989,920.0091282CFJ5 1,279
3.581US TREASURYUST0079 1,000,000.00 1,012,473.26 11/30/20293.87509/11/2025 1,014,770.0091282CFY2 1,370 33,646,169.5233,834,850.0034,000,000.0033,646,169.52Subtotal and Average 3.263 662 128,996,818.24 105,240,769.80 3.782 521105,110,069.80 104,373,105.68Total and Average Portfolio CITY
CP
Run Date: 04/14/2026 - 11:49 PM (PRF_PM2) 7.3.11
YTM
365
Par Value Book Value
Stated
RateMarket Value
February 28, 2026
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 24,534,063.02 24,534,063.0207/01/2024 24,534,063.02SYS39903-39902 1
0.00 128,996,818.24 129,774,832.82 3.782 521
1Average Balance
129,644,132.82 128,907,168.70Total Cash and Investments Portfolio CITY
CP
Run Date: 04/14/2026 - 11:49 PM (PRF_PM2) 7.3.11
PORTFOLIO PROFILE Feb 28, 2026 Jan 31, 2026 Dec 31, 2025 Nov 30, 2025 Oct 31, 2025 Total Book Value (Excluding Trust Funds) $104,373,106 $105,364,526 $105,037,624 $104,742,129 $106,437,945 Increase/(Decrease) from Prior Period (991,420) 326,902 295,495 (1,695,817) (1,996,700) Percentage Change (0.9%) 0.3% 0.3% (1.6%) (1.8%)
Average Yield to Maturity (365 Days) 3.782% 3.773% 3.800% 3.821% 3.797% Increase/(Decrease) from Prior Period 0.009% (0.027%) (0.021%) 0.024% 0.039%
PORTFOLIO ALLOCATIONS
By Security Value (Par) Percent Par YTM Time Horizon Percent LAIF* $31,240,770 29.69% 3.871% Next 12 months 46%
Medium Term Notes 21,000,000 20.0% 4.213% Months 13-24 20% Federal Agencies 19,000,000 18.1% 4.089% Months 25-36 16% U.S. Treasuries 34,000,000 32.3% 3.263% Months 37-48 13% Total $105,240,770 100.0% 3.782% Months 49-60 5%
*LAIF YTM as of February 28, 2026 BAD Total 100.0%
RECENT ACTIVITY
Security Date of Activity 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 Beach
As of February 28, 2026
Investment Portfolio Summary
City of Manhattan Beach
As of February 28, 2026
Investment Portfolio Summary
3-Month 6-Month 2-Year 5-Year 10-YearDecember 20253.63% 3.68% 3.50% 3.70% 4.14%January 20263.67% 3.59% 3.54% 3.78% 4.21%February 20263.69% 3.60% 3.47% 3.68% 4.13%Portfolio3.782% 3.782% 3.782% 3.782% 3.782%LAIF3.871%3.871%3.871%3.871%3.871%Portfolio, 3.782%LAIF, 3.871%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
March 2026 through February 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 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 29 5/31/29 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 29 8/31/29 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 $1.0MSep 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
Oct 26 10/31/26 2.6% T nc $1.0M Oct 27 10/8/27 3.60% FNMA nc $1.0MOct 28 10/31/28 4.06% T nc $1.0MOct 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 $1.0MNov 29 11/30/29 3.58% T nc $1.0MNov 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 $1.0MJan 29 1/5/29 4.49% TOYOTAnc $1.0MJan 30 1/31/30 3.57% T nc $1.0MJan 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
Feb 27 2/6/27 4.2% MSFT nc $1.0M Feb 28 2/14/28 3.85% FAMCAnc $1.0MFeb 29 2/28/29 4.43% T nc $1.0M Feb 30 Feb 31 Total By Year (excl LAIF) $17.0m $21.0m $17.0m $14.0m $5.0m Average YTM 2.7% 3.8% 4.4% 4.1% 4.0%
% of Total Securities (excl LAIF) 23% 28% 23% 19% 7%
% of Total Investments (incl LAIF) 46% 20% 16% 13% 5%
Total Securities 70% $74.0M
LAIF 30% $31.2M
Total Investments 100% $105.2M
Shaded rows indicate months with significant cash inflows.
City of Manhattan Beach
Investment Policy Compliance Chart
As of February 28, 2026
Instrument % of Total Limit Compliant? Limit Compliant? Limit Compliant? Local Agency Investment Fund (LAIF) $31,240,770 29.7% $75,000,000 Yes Treasury Securities
US Treasury $34,000,000 32.3% 5 Years Yes
Total U.S. Treasuries (31)TRUE $34,000,000 32.3%
Medium Term (Corporate) Notes
Coca-Cola 2,000,000 1.9% 5.0% Yes 5 Years Yes
Amazon 3,000,000 2.9% 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 1.0% 5.0% Yes 5 Years Yes
Total Consumer Goods Sector $12,000,000 11.0% 10.0% No
Bank of NY 1,000,000 1.0% 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 2.9% 10.0% Yes
Johnson & Johnson 2,000,000 1.9% 5.0% Yes 5 Years Yes
Merck 1,000,000 1.0% 5.0% Yes 5 Years Yes
Total Pharmaceuticals Sector $3,000,000 2.9% 10.0% Yes
Apple Inc 2,000,000 1.9% 5.0% Yes 5 Years Yes
Microsoft Corp 1,000,000 1.0% 5.0% Yes 5 Years Yes
Total Technology Sector $3,000,000 2.9% 10.0% Yes
Total Medium Term Notes (20)TRUE $21,000,000 20.0% 20.0% Yes Federal Agencies
Federal Home Loan Bank (FHLB) $6,000,000 5.7% 33.3% Yes 5 Years Yes Federal Farm Credit (FFCB) 6,000,000 5.7% 33.3% Yes 5 Years Yes Fannie Mae (FNMA) 3,000,000 2.9% 33.3% Yes 5 Years Yes
Freddie Mac (FHLMC) 1,000,000 1.0% 33.3% Yes 5 Years Yes Frarmer Mac (FAMCA) 1,000,000 1.0% 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 18.1% 60.0% Yes Total Portfolio $105,240,770 100.0%
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 $35,389,092.46
Treasury Securities 33,646,169.52 Street Lighting & Landscape Fund* (64,077.59) Government Agency Issues 18,970,069.79 Gas Tax Fund 5,641,624.94 Medium Term Notes 20,516,096.57 Asset Forfeiture Fund 1,251,061.34 Subtotal Investments $104,373,105.68 Police Safety Grants Fund 604,386.65 Grants Fund 1.72
Investments In Transit (Cash Received 12/1/25) - Prop. A Fund 1,534,075.19 Prop. C Fund 2,368,160.26
Demand Deposit/Petty Cash AB 2766 Air Quality Fund 373,098.07 Cash in Bank $24,534,063.02 Measure R Fund 2,228,925.84 Petty Cash 1,008.35 Measure M Fund 255,393.10
$24,535,071.37 Measure W Fund 1,239,473.63
Capital Improvements Fund 12,857,000.04
Subtotal City Cash & Investments $128,908,177.05 Fire Station #2 Construction Fund 253,284.60 UUAD Construction Fund 1,354,887.46
Water Fund 12,299,982.90
Bond Funds Held in Trust Stormwater Fund 4,630,856.69
Police Fire Refunding $247.65 Sewer Fund 19,184,144.09
Fire Station 2 COPs 102.50 Parking Fund 6,443,683.33
Marine Ave Park Refunding 0.41 County Parking Lots Fund 464,573.92 Metlox & Water/Wastewater Refunding 299.52 State Pier and Parking Lot Fund 1,407,998.17 Utility Assessment Districts 1,351,693.84 Insurance Reserve Fund 12,935,590.33 Pension Obligation Bonds 2,503.08 Information Technology Fund 1,846,687.57 2025 COPs 14,504.11 Fleet Management Fund 2,186,531.24
Subtotal Bonds Held in Trust $1,369,351.11 Building Maintenance & Operations Fund 40,745.18 Special Assessment Redemption Fund 699,674.65
Special Assessment UAD 12 & 14 Fund 843,159.13
Special Assessment UAD 19-4 Fund 370,013.98
Investment Trust Funds Pension Trust Fund* (112,818.01) PARS Pension Rate Stabilization Trust 5,070,986.01 Special Deposits Fund 1,731,229.52 Section 115 Trust Fund 5,090,073.77
Total Treasurer's Balance $135,348,514.17 Total All Funds $135,348,514.17 * 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
February 28, 2026
Subtotal Demand Deposit
February 3.871
January 3.931
December 4.025
November 4.096
October 4.150
September 4.212
LAIF Apportionment Rate(2): 4.20
LAIF Earnings Ratio(2): 0.00011512010685708
LAIF Administrative Cost(1)*: 0.27
PMIA Average Life(1): 244
LAIF Fair Value Factor(1): 1.002181483
PMIA Daily(1): 3.97
PMIA Quarter to Date(1): 4.09
Treasuries
57.45%
Agencies
23.67%
Certificates of
Deposit/Bank Notes
9.52%
Time
Deposits
3.15%
Commercial
Paper
5.50%
Corporate
Bonds
0.56%
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 03/04/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/25
Chart does not include $882,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
1/31/26
$170.9 billion