CITY OF PALO ALTO
MONTHLY INVESTMENT ACTIVITY REPORT
July 2025 (Unaudited)
TO: Honorable City Council
Report Posted at the City’s Website: www.cityofpaloalto.org/investmentreporting Above Link on Council Agenda of August 18, 2025
______________________________________________________________________
The City’s Investment Policy1 (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:
_______________________
Tarun Narayan
Mgr. Treasury, Debt &
Investments
________________
Date
Approved by:
_______________________
Christine Paras
Asst. Director ASD
_________________
Date
______________________
Lauren Lai
Chief Financial Officer
_________________
Date
1 https://www.cityofpaloalto.org/files/assets/public/v/1/administrative‐services/investment‐policies/adopted‐investment‐policy‐1‐39‐asd.pdf Docusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA 8/5/2025
8/6/2025
8/7/2025
City of Palo Alto
Activity Report
City of Palo Alto
Administration Svcs. Dept.
250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
(650)329-2362
Sorted By Safekeeper
July 1, 2025 - July 31, 2025
Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: U.S. Bank
Negotiable Certificates of Deposits
Bank of Wisconsin Dells2455 NCD 0.001.050 07/28/2025 249,000.00065847EH4 Exchange State Bank3029 NCD 0.004.600 07/06/2025 249,000.00301485AN8 498,000.0027,826,000.00 27,328,000.00Subtotal and Balance 0.00 Corporate Medium Term Bonds
31,850,000.00 31,850,000.00Subtotal and Balance
Federal Agency Bonds
Federal Home Loan Bank3111 Call 0.005.600 07/27/2025 1,500,000.003130B44G3 1,500,000.00205,809,000.00 204,309,000.00Subtotal and Balance 0.00 Treasury Securities (Notes)
4,500,000.00 4,500,000.00Subtotal and Balance
Municipal Bonds
State of Utah2306 MUN 0.003.539 07/01/2025 295,225.00917542QV7 Sequoia Union High School Dist2320 MUN 0.001.735 07/01/2025 400,000.00817409N35 Palo Alto Unified School Dist.2838 MUN 0.005.862 07/01/2025 401,785.71697379TV7 Palo Alto Unified School Dist.2839 MUN 0.005.862 07/01/2025 401,785.71697379TV7 Palo Alto Unified School Dist.2841 MUN 0.005.862 07/01/2025 396,428.57697379TV7 State of Georgia2981 MUN 0.004.150 07/01/2025 1,000,000.00373384TP1 2,895,224.99236,145,639.11 233,250,414.12Subtotal and Balance 0.00 Supranationals (World Bank) Bonds
70,884,000.00 70,884,000.00Subtotal and Balance
0.00 4,893,224.99577,014,639.11 572,121,414.1294.919%Safekeeper Subtotal Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
Fidelity Investments158 0.004.190 1,050,000.00SYS158
Local Agency Investment Fund159 13,035,019.194.260 66,100,000.00SYS159 Portfolio CPA
AP
Run Date: 08/05/2025 - 12:11 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Attachment A
Docusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
July 1, 2025 - July 31, 2025
Activity Report
City of Palo Alto
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
67,150,000.0084,739,317.99 30,624,337.18Subtotal and Balance 13,035,019.19 13,035,019.19 67,150,000.0084,739,317.99 30,624,337.185.081%Safekeeper Subtotal 661,753,957.10 602,745,751.30Total 72,043,224.9913,035,019.19100.000% Portfolio CPA
AP
Run Date: 08/05/2025 - 12:11 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA