Docusign Envelope ID: E9A4EDC1-1553-492C-81AD-7316CA216A9A
CITY OF PALO ALTO
MONTHLY INVESTMENT ACTIVITY REPORT
CITY OF
PALO
ALTO December 2024 (Unaudited)
TO: Honorable City Council
Report Posted at the City's Website: www.cityofpaloalto.org/ investmentreporting Above Link on Council Agenda of February 3, 2025 The City's Investment Policy' (Policy) and California Government Code Section 53607 requires that a report of transactions (investments, reinvestment, sold, and exchanged securities) be made available to the Council on a monthly basis.
The attached list of transactions (Attachment A) also includes, though not required by the Policy or the government code, security maturities and cash movement activity in the City's two liquid operating cash pool accounts (Local Agency Investment Fund or LAIF and Fidelity accounts). Liquid cash are available on a daily basis but are invested by the two entities in a range of securities (e.g., treasuries, federal agencies, commercial paper, corporate bonds, time deposits, loans, and certificate of deposits/bank notes).
This reporting requirement is separate and distinct from the quarterly investment report submitted under California Government Code Section 53646 that includes portfolio composition, a detailed list of all securities, performance compared to the Policy, overall compliance with the Policy, and the City's ability to meet expenditure requirements over the next six months.
Prepared by: Approved by:
- DocuSigned by: - DocuSigned by:
Tarun Narayan 1/8/2025 Claras 1/9/2025
- 119CA000B9DF4D1... -553B497C4A904B9...
Tarun Narayan Date Christine Paras Date
Mgr. Treasury, Debt & Asst. Director ASD
Investments
- Docusined y
1/13/2025
-66236E5C20284BC...
Lauren Lai Date
Chief Financial Officer
https://www.cityofpaloalto.org/files/assets/public/v/1/administrative-services/investment-policies/adopted-investment-policy-1-39-asd.pdf Docusign Envelope ID: E9A4EDC1-1553-492C-81AD-7316CA216A9A Attachment A City of Palo Alto
City of Palo Alto Administration Svcs. Dept.
Activity Report 250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
PALO Sorted By Safekeeper (650)329-2362
ALTO December 1, 2024 - December 31, 2024
Par Value Par Value
Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment # Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Safekeeper: U.S. Bank
Negotiable Certificates of Deposits
75472RAU5 2188 NCD Rayond James Bank NA 1.850 12/30/2024 0.00 245,000.00 920133AJ4 2748 NCD Valley Strong Credit Union 5.100 03/27/2023 0.00 249,000.00 67886WAD9 2751 NCD Oklahomas Credit Union 5.000 12/16/2024 0.00 249,000.00 642858AA2 2760 NCD New Brunswick Postal FCU 5.000 12/17/2024 0.00 249,000.00 04288LAA6 2801 NCD Arsenal Credit Union 5.100 12/20/2024 0.00 249,000.00 32026UG83 2861 NCD First Foundation Bank 5.000 12/30/2024 0.00 249,000.00 654062LK2 2906 NCD Nicolet National Bank 5,150 12/02/2024 0.00 249,000.00 49332PAC4 2914 NCD Keypoint Credit Union Bank 5,400 12/27/2024 0.00 249,000.00 236334ADO 2917 NCD Dannemora Fed Credit Union 5.450 12/28/2024 0.00 249,000.00 64017ABE3 2924 NCD Neighbors Fed Credit Union Bk 5.300 12/19/2024 0.00 249,000.00 13934CBLO 2965 NCD Cape Cod Five Cents Svgs Bank 5.050 12/20/2024 0.00 249,000.00 88457PAV9 3007 NCD Thomaston Savings Bank 5.100 12/08/2024 0.00 249.000.00 Subtotal and Balance 40,528,000.00 0.00 2,984,000.00 37,544,000.00 Corporate Medium Term Bonds
Subtotal and Balance 35,900,000.00 35,900,000.00
Federal Agency Bonds
3133EC7D0 1615 Federal Farm Credit Bank. 2.125 12/13/2024 0.00 1,000.000.00 Subtotal and Balance 193,044,000.00 0.00 1,000,000.00 192,044,000.00 Treasury Securities (Notes)
Subtotal and Balance 4,500,000.00 4,500,000.00
Municipal Bonds
605581HL4 2087 MUN State of Mississippi 2.987 12/02/2024 0.00 750,000.00 605581HL4 2090 MUN State of Mississippi 2.987 12/02/2024 0.00 500,000.00 672319CF5 2630 MUN City of Oakland Pension 4.676 12/15/2024 0.00 220,000.00 Subtotal and Balance 241,808,741.43 0.00 1,470,000.00 240,338,741.43 Supranationals (World Bank) Bonds
Subtotal and Balance 60,250,000.00 60,250,000.00
Portfolio CPA
AP
Run Date: 01/08/2025 - 13:12 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: E9A4EDC1-1553-492C-81AD-7316CA216A9A City of Palo Alto
Activity Report Page 2
December 1, 2024 - December 31, 2024
Par Value Par Value
Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Safekeeper Subtotal 89.539% 576,030,741.43 0.00 5,454,000.00 570,576,741.43 Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
SYS158 158 Fidelity Investments 4.340 51,833.71 0.00
SYS159 159 Local Agency Investment Fund 4.400 29.200,000.00 11,900,000.00 Subtotal and Balance 49,312,718.39 29,251,833.71 11,900,000.00 66,664,552.10 Safekeeper Subtotal 10.461% 49,312,718.39 29,251,833.71 11,900,000.00 66,664,552.10 Total 100.000% 625,343,459.82 29,251,833.71 17,354,000.00 637,241,293.53 Portfolio CPA
AP
Run Date: 01/08/2025 - 13:12 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
• docusign
Certificate Of Completion
Envelope Id: E9A4EDC1-1553-492C-81AD-7316CA216A9A Status: Completed Subject: Complete with Docusign: 2024 12 (December) Monthly Investment Activity Report.pdf Source Envelope:
Document Pages: 3 Signatures: 3 Envelope Originator:
Certificate Pages: 2 Initials: 0 Tarun Narayan
AutoNav: Enabled 250 Hamilton Ave
Envelopeld Stamping: Enabled Palo Alto, CA 94301
Time Zone: (UTC-08:00) Pacific Time (US & Canada) [email protected] IP Address: 199.33.32.254
Record Tracking
Status: Original Holder: Tarun Narayan Location: DocuSign 1/8/2025 12:10:02 PM [email protected]
Security Appliance Status: Connected Pool: StateLocal
Storage Appliance Status: Connected Pool: City of Palo Alto Location: DocuSign Signer Events Signature Timestamp
Tarun Narayan - DocuSigned by: Sent: 1/8/2025 12:13:14 PM [email protected] Tarun Narayan Viewed: 1/8/2025 12:13:23 PM - 119CA000B9DF4D1... Signed: 1/8/2025 12:13:29 PM
Manager of Treasury, Debt & Investment
City of Palo Alto
Signature Adoption: Pre-selected Style
Security Level: Email, Account Authentication
None) Using IP Address: 199.33.32.254
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Christine Paras - DocuSigned by: Sent: 1/8/2025 12:13:31 PM Christine. [email protected] Caras Viewed: 1/9/2025 9:52:29 AM Asst. Director Administrative Services - 5538497C4A90489... Signed: 1/9/20259:52:57 AM City of Palo Alto
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(None) Using IP Address: 199.33.32.254
Electronic Record and Signature Disclosure:
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Lauren Lai - Docusigned by Sent: 1/9/2025 9:52:58 AM
[email protected] Viewed: 1/13/2025 4:13:21 PM Director Administrative Services/CFO Signed: 1/13/2025 4:14:19 PM COPA
Signature Adoption: Drawn on Device
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(None) Using IP Address: 199.33.32.254
Electronic Record and Signature Disclosure:
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In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Josh Martinez Sent: 1/13/2025 4:14:20 PM
[email protected] COPIED
Administrative Associate III
City of Palo Alto
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Alyssa Ching Sent: 1/13/2025 4:14:21 PM
COPIED
[email protected]
Administrative Assistant
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(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 1/8/2025 12:13:14 PM
Certified Delivered Security Checked 1/13/2025 4:13:21 PM Signing Complete Security Checked 1/13/2025 4:14:19 PM
Completed Security Checked 1/13/2025 4:14:21 PM
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