Palo Alto City Council
February 23, 2026

Book Value Market Value
City Investment Portfolio 532,995,647$ 523,863,105$ Other Liquid Accounts
Cash with Wells Fargo Bank 1,541,957 1,541,957 Cash with US Bank 44,135,096 44,135,096 Fidelity Money Market Funds 33,277,590 33,277,590 Local Agency Investment Fund (LAIF) 41,978,141 41,978,141 Total - Other Liquid Accounts 120,932,784 120,932,784 CONSOLIDATED PORTFOLIO TOTAL (Attachment B) 653,928,431 644,795,889 Other Debt Service Funds*
Debt Service Proceeds
US Bank Trust Services **
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,091,406 2,091,406 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 583,396 583,396 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service Funds 702 702 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Debt Service and Reserve Funds 2,960 2,960 2021 Public Safety Building Certificates of Participation Debt Service Funds 5,133 5,133 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 3,193,715 3,193,715
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 124,856,167 124,856,167 Total Other Funds 130,737,824 130,737,824 GRAND TOTAL 784,666,254$ 775,533,713$
* 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
Second Quarter, Fiscal Year 2025-26
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments