CITY COUNCIL STAFF REPORT
DATE: MAY 12, 2026 CONSENT CALENDAR
SUBJECT: TREASURER’S INVESTMENT REPORT AS OF MARCH 31, 2026 FROM: Scott C. Stiles, City Manager
BY: Department of Finance and Treasury
SUMMARY:
Attached is the Treasurer’s Investment Report (Attachment A) as of March 31, 2026.
RECOMMENDATION:
Receive and File.
STAFF ANALYSIS:
The City has compiled a Treasurer’s report working with Chandler Asset Management, the City’s Asset Management Firm, in ensuring the City complies with section 17.0 of the Council approved Investment Policy and California Government Code (Code) section 53607 and 53646.
The Code section 53607 requires a monthly report of transactions to be submitted to the City Council. Code section 53646 states if the City chooses to issue a Quarterly Report, it must be submitted within 45 days and show the City’s transactions for the period presented. See pages 44 – 47 for the transactions by month for the quarter.
The City’s total portfolio value as of 3/31/26 is $425,074,633 vs. $418,146,847 on 12/31/2025. (Attachment A, page 32).
The City’s average market yield is 3.91% for the total portfolio (Attachment A, page 32).
The average maturity of the City’s investments is 1.88 years (Attachment A, page 32).
This Treasurer’s Report is in compliance with Section 17.0 of the Investment Policy. The City has sufficient availability of funds to meet the next six months of obligations. The cash balance in the City’s Bank of America account as of March 31, 2026, was $30,157,425 which is not included in the attached Treasurer’s Report.
City Council Staff Report
May 12, 2026 -- Page 2
Treasurer’s Investment Report as of March 31, 2026
ALIGNMENT WITH STRATEGIC PLANNING:
This item aligns with the City Council identified Broad Goal Foundation of Financial and Organizational Well-Being.
FISCAL IMPACT:
None.
REVIEWED BY:
Department Director: Kristopher J. Mooney
City Manager: Scott Stiles
ATTACHMENTS:
A. Treasurer’s Investment Report