Palo Alto City Council
May 19, 2025

Book Value Market Value
City Investment Portfolio (see Attachment B) 651,684,684$ 627,787,797 $ Other Funds Held by the City
Cash with Wells Fargo Bank 337,944 337,944 Cash with US Bank 4,752,879 4,752,879 Total - Other Funds Held By City 5,090,823 5,090,823 Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,502,303 2,502,303 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 588,382 588,382 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service Funds 751 751 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Debt Service and Reserve Funds 3,176 3,176 2021 Public Safety Building Certificates of Participation Debt Service Funds 9,460 9,460 2022A & B General Obligation (Library) Bond
Cost of Issuance Funds 4,344 4,344 California Asset Management Program (CAMP) ***
2012 University Ave. Parking Refunding Bonds
Reserve Fund 3,091,947 3,091,947
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 96,099,885 96,099,885 Total Under Trustee Management 102,300,248 102,300,248 GRAND TOTAL 759,075,755 $ 735,178,868 $
* These funds are subject to the requirements of the underlying debt indenture. ** U.S. Bank investments are in money market mutual funds that exclusively invest in U.S. Treasury securities. *** CAMP investments are in money market mutual fund which invest in bankers acceptance, certificate of deposit, commercial paper, federal agency securities, and repurchase agreements. **** PARS investments are in moderately conservative index plus funds Attachment A
Third Quarter, Fiscal Year 2024-25
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments