Palo Alto City Council
May 18, 2026

Book Value Market Value
City Investment Portfolio 536,991,494$ 526,367,008$ Other Liquid Accounts
Cash with Wells Fargo Bank 2,424,209 2,424,209 Cash with US Bank & Receivables 31,375,479 31,375,479 Fidelity Money Market Funds 58,703,584 58,703,584 Local Agency Investment Fund (LAIF) 52,521,162 52,521,162 Total - Other Liquid Accounts 145,024,434 145,024,434 CONSOLIDATED PORTFOLIO TOTAL (Attachment B) 682,015,928 671,391,442 Other Debt Service Funds*
Debt Service Proceeds
US Bank Trust Services **
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,102,850 2,102,850 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 588,004 588,004 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service Funds 708 708 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Debt Service and Reserve Funds 2,984 2,984 2021 Public Safety Building Certificates of Participation Debt Service Funds 5,173 5,173 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 3,223,929 3,223,929
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 127,447,717 127,447,717 Total Other Funds 133,375,708 133,375,708 GRAND TOTAL 815,391,636$ 804,767,150$
* 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 2025-26
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments