PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: April 1, 2025
TITLE:
Monthly Investment Transaction Report of the City’s Cash and Investments for February 2025 of Fiscal Year 2025
RECOMMENDATION:
No action recommended; for information only.
DISCUSSION:
This report updates the City Council on the City of Pismo Beach’s monthly transactions of the City’s investment portfolio for the month ending February 28, 2025. California Government Code Section 53607 states that if the authority of the legislative body to invest or reinvest funds for the City is delegated to the City Treasurer, the City Treasurer shall make a monthly report of those transactions to the legislative body. Pursuant to Government Code Section 6505.5, this information is being provided here to the Pismo Beach Public Financing Authority, the Pismo Beach Public Financing Agency, and the Central Coast Blue Regional Recycled Water Authority, through the members of the City Council who sit on those boards.
The attached report includes all transactions of the City’s investments managed by the City, including funds invested in various securities and the City’s pooled funds invested in various financial instruments.
Attachment 1 provides a summary of the City’s cash, investments, and monthly interest earnings based on book value as of February 28, 2025. Attachment 2 provides details on the investment transactions for the General Fund Reserve and City Pooled Funds A (for deferred capital projects), including: purchases or deposits; sales, maturities, calls or withdrawals; and interest earnings. Attachment 3 provides details of the monthly transactions by fund for City Pooled Funds B (for current year expenditures) for the month ending February 28, 2025.
FISCAL IMPACT:
No fiscal impact from the report itself—information only.
ATTACHMENTS:
1. Summary Table for ALL Funds, including Book Values and Earnings Data for Investments in Other Financial Instruments
2. For the General Fund Reserve and City Pooled Funds A—Transactions on Investments in Securities
3. For City Pooled Funds B—Summary of monthly transactions by fund Prepared by: Vanessa Garris, Finance Manager
Submitted by: Nadia Feeser, Administrative Service Director / City Treasurer City Manager Approval:
9.C-1Council Agenda 4-1-2025
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned February
2025
Actual Year-to-
Date Interest
Earned Ending
2/28/25 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp
Bonds/Treasuries
2.77% avg 8,904,483 3,545$ 105,318$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ MBSs/
Treasuries
2.20% avg 42,461,308 114,559 615,399 1
Total All Securities 51,365,791$ 118,104$ 720,716$ City Pooled Funds - B US Bank Custody 4.34%4,082,834$ 2,047$ 70,097$ 1 City Pooled Funds - B Local Agency Invest.
Fund (LAIF)
State Investment
Pool
4.62%406,346 - 79,973 2
City Pooled Funds - B PFM Asset Mgmt
CAMP
JPA Investment Pool 4.51%13,458,530 46,426 458,529 3 City Pooled Funds - B US Bank Checking & Sweep 3.98%11,059,600 38,469 518,952 4 City Pooled Funds - B 29,007,310$ 86,941$ 1,127,550$ City Pooled Funds total A + B 71,468,618$ 201,500$ 1,742,949$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 19,464$ 8$ 2,319$ 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
712 2 735 5
Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2024 Public Safety
Facility
35,436,881 100,546 673,082 5
CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Trust
Account
Various managed by
CalPERS
5,575,679$ -$ 231,373$ 6
TOTAL, Cash and Investments at February 28, 2025:121,405,837$ 305,601$ 2,755,776$ TOTAL for City Managed Portfolio, Cash and Investments:80,373,101$ 205,045$ 1,848,267$ Notes:
* Data Sources for Book Values and Actual Interest Earned:
1 = Monthly investment statement from US Bank
2 = Monthly statement from Local Agency Investment Fund 3 = Monthly statement from PFM Asset Management LLC
4 = Monthly reconciled bank statement from US Bank
5 = Monthly statement from Wilmington Trust
6 = Monthly statement from CalPERS Benefit Trust Account Attachment 1: Summary Table for All Funds,
including Book Values and Earnings Data for Investments in Other Financial Instruments
9.C-2Council Agenda 4-1-2025
Attachment 1
CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
February 28, 2025
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
02/07/25 Purchase US Treasury Note 483,769$
02/13/25 Purchase FHLMC Multiclass Mtg 550,000
Total 1,033,769$
SALES, MATURITIES, CALLS OR WITHDRAWALS
02/10/25 Matured Apple Inc 1,062,000$
02/11/25 Sold Adobe Inc 399,788
02/11/25 Sold Toyota Mtr Mtn 264,854
02/11/25 Sold US Treasury Note 369,773
02/11/25 Sold UBS Ag Stamford 265,000
02/12/25 Sold US Treasury Note 1,680,820
02/13/25 Matured Toyota Motor Corp 257,893
02/27/25 Matured Citadel Federal Credit Union 245,000
Total 4,545,128$
ACTIVITY TOTAL (3,511,359)$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 3,545$
POOLED INVESTMENTS
Interest Earned on Investments 114,559$
TOTAL INTEREST EARNED 118,104$
Data Source: Monthly Download of Transactions from US Bank
9.C-3Council Agenda 4-1-2025
Attachment 2
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending: 2/28/2025 Bank Account Description Bank ID Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 11,793,522$ 3,353,468$ (4,087,390)$ -$ -$ 11,059,600$ LAIF LAIF 406,346 - - -- 406,346 PFM Asset Management LLC CAMP 13,412,104 46,426 - - - 13,458,530 Total all Bank Accounts 25,611,971$ 3,399,894$ (4,087,390)$ -$ -$ 24,924,476$ Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 4,504,630 1,025,946 (1,429,696) -- 4,100,881 General Fund-Reserve 1001-10105 8,335 19 -- - 8,354 Half Cent Sales Tax Fund 1002 1,891,979 4,396 -- - 1,896,375 Special Revenue Funds
Gas Tax Fund 2001 471,413 39,071 -- - 510,483
LTF - Streets 2002 453,781 45,820 -- - 499,601
PEG Access Fund 2003 118,116 9,057 (175) -- 126,998 Police Grant Fund 2004 175,163 658 -- - 175,821 Housing In Lieu Fund 2005 99,858 118 -- - 99,976 LBID Fund 2006 1,096,237 131,265 (3,539) -- 1,223,963 Chapman House 2007 469 4,215 (1,114) -- 3,570
Capital Projects Funds
Capital Projects Fund 3001 1,685,437 734,460 (1,240,008) -- 1,179,889 Public Facilities Fund 3002 933 2 -- - 936
Park Development Fund 3003 384,017 (23,265) -- - 360,752 Circulation Fund 3101 613,670 1,423 -- - 615,093
Development Impact Fee Fund 3102 183,623 351 (9,140) -- 174,834 Developer Impact Fee Fund 3103 177,685 413 -- - 178,098 Underground Utility Fund 3201 17,566 41 -- - 17,607
9.C-4Council Agenda 4-1-2025
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending: 2/28/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
Debt Service Funds
Public Finance Authority Fund 4001 - - - - - - Public Finance Authority Fund 4002 - - - - - - Freeway Foothills AD Fund 4101 813 2 - - - 815 Spyglass AD Fund 4102 13,531 31 - - - 13,562 Indio-El Portal AD Fund 4112 786 2 - - - 788 Visalia Street AD Fund 4113 8,691 20 - - - 8,711 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 3,135,810 399,053 (236,782) - - 3,298,081 Water Construction Fund 6103 700,320 11,143 (9,516) - - 701,947 Water Expansion Fund 6104 486,218 1,130 - - - 487,348 Water Central Coast Blue JPA 6105 22,589 617 - - - 23,207 Wastewater Enterprise Fund 6201 696,364 218,794 (752,121) - - 163,037 Wastewater Construction Fund 6202 2,020,030 109,194 (99,285) - - 2,029,939 Wastewater Expansion Fund 6203 599,176 1,892 - - - 601,069 Wastewater CCB JPA 6204 45,865 1,254 - - - 47,119 LTF - Transit Fund 6301 - - - - - - Pier Operations Fund 6401 26,208 6,934 (14,256) - - 18,885 Parking Fund 6501 3,085,302 143,433 (31,819) - - 3,196,916 Internal Service Funds
Technology Service Fund 7101 8,838 284,399 (158,242) - - 134,995 Motor Vehicle Fund 7201 1,149,370 119,207 (59,948) - - 1,208,629 Trust & Agency Funds
SLO County TMD 8201 58,147 101,693 (108,523) - - 51,317 Control Funds
Payroll Control Fund 9301 1,398,198 878 56,570 - - 1,455,647 Interest Control Fund 9302 93,421 33,250 - - - 126,671 Utility Billing Control Fund 9304 179,382 3,182 - - - 182,564 M/R Control Fund 9305 - - - - - - Total all cash funds 25,611,971 3,410,098 (4,097,593) - - 24,924,476
9.C-5Council Agenda 4-1-2025
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending: 2/28/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 407,160 835,371 - - - 1,242,531 General Fund - CD's 1001-10404 5,185,033 (245,000) - - - 4,940,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF Reserve Money Mkt Cash 1001-10109 34,922 3,890 - - - 38,811 GF Reserve - CD's 1001-10403 3,427,967 - - - - 3,427,967 GF Reserve - Fed Agency 1001-10402 2,208,000 - - - - 2,208,000 GF Reserve - Building 1001-10406 202,000 - - - - 202,000 GF Reserve - Building - Federal A1001-10146 298,000 - - - - 298,000 GF Reserve - Risk Mgmt - CD's 1001-10407 200,000 - - - - 200,000 GF Reserve - Risk Mgmt - Fed Ag1001-10140 50,000 - - - - 50,000 GF Corp Bond - Pooled 1001-10141 1,187,535 (1,187,535) - - - - GF Corp Bond - Reserve 1001-10145 500,000 - - - - 500,000 GF Municipal Bonds Pooled 1001-10142 - - - - - - GF Municipal Bonds Reserve 1001-10143 - - - - - - Risk Mgmt Muni Bonds Reserve 1001-10144 - - - - - - GF Treasury Note 1001-10410 9,448,562 113,996 - - - 9,562,558 GF Treasury Bill 1001-10411 - - - - - - GF Mortgage Back Sec 1001-10412 330,000 550,000 - - - 880,000 GF Reserve Treasury Note 1001-10413 2,018,516 - - - - 2,018,516 GF CREB's Fiscal Agent 1001-10515 (0) - - - - (0) GF - Half Cent Sales Tax CD's 1002-10404 735,000 - - - - 735,000 GF - Half Cent Sales Tax Fed Age1002-10405 500,000 - - - - 500,000 GF - Half Cent Sales Tax Mny Mk 1002-10108 2,704 1,401 - - - 4,105 Half Cent Sales Tax - Pooled 1002-10141 - - - - - - Half Cent Sales Tax - Muni Bond 1002-10142 - - - - - - Half Cent Sales Tax Treasury Note1002-10410 1,424,766 - - - - 1,424,766 Special Revenue Funds
Housing In Lieu - Mny Mkt Csh 2005-10108 1,748 168 - - - 1,917 Housing In Lieu Fund 2005-10404 385,000 - - - - 385,000 Housing In-Lieu Fed Agencies 2005-10405 140,000 - - - - 140,000 Housing In-Lieu Treasury Note 2005-10410 - - - - - - LBID Fund Money Market Cash 2006-10108 972 15,071 - - - 16,044 LBID Fund - Treasury Note 2006-10410 1,914,063 - - - - 1,914,063 Capital Projects Funds
Capital Proj Fund Mny Mkt Cash 3001-10108 2,715 2,301 - - - 5,016 Capital Projects Fund - Pooled 3001-10141 403,640 - - - - 403,640 Capital Projects Fund - Fed Agen 3001-10405 1,000,000 - - - - 1,000,000 Capital Proj Fd Mortgage Back Se3001-10412 556,682 - - - - 556,682 Park Develop. Fund Mny Mkt 3003-10108 - - - - - - Park Development Fund 3003-10404 - - - - - - Park Develop Federal Agencies 3003-10405 - - - - - - Circulation Fees Mny Mkt 3101-10108 - - - - - - Circulation Fees 3101-10404 - - - - - - Develop. Impact Fee Mny Mkt 3102-10108 2,233 1,039 - - - 3,272 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - -
9.C-6Council Agenda 4-1-2025
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund City of Pismo Beach - Bank Account Proof of Cash for the month ending: 2/28/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance
INVESTMENTS
Debt Service Funds
Capital Proj Fund - Fiscal Agent 3001-10511 35,353,519 83,362 - - - 35,436,881 Public Fin Fiscal Agent-Pier 4002-10510 2,272 17,192 - - - 19,464 Public Fin Fiscal Agent-PSF 4002-10511 - - - - - - Public Fin Fiscal Agent-CREBs 4002-10515 709 2 - - - 712 Visalia Street AD Fund 4113-10108 853 394 - - - 1,247 Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 6,688 1,696,787 - - - 1,703,475 Water Fund CD's 6101-10404 735,000 - - - - 735,000 Wtr Fund Federal Agencies 6101-10405 2,155,000 - - - - 2,155,000 Wtr Fund Corp Bond - Pooled 6101-10141 1,052,195 - - - - 1,052,195 Water Fund Treasury Note 6101-10410 3,317,461 (1,680,820) - - - 1,636,641 Water Construction Money Mkt 6103-10108 5,630 33 - - - 5,664 Wtr Constr. Fd Corp Bond-Pool 6103-10141 393,028 - - - - 393,028 Water Construction 6103-10404 504,363 - - - - 504,363 Water Expansion Fd Mny Mkt Cas6104-10108 278 20 - - - 298 W tr Expansion Fund - Pooled 6104-10141 546,568 - - - - 546,568 Wastewater Fund Money Market C6201-10108 6,068 1,012,666 - - - 1,018,734 Wastewater Fund CD's 6201-10404 490,000 - - - - 490,000 Wastewater Fund Fed Agencies 6201-10405 2,100,000 - - - - 2,100,000 WWtr Fund Corp Bond - Pooled 6201-10141 1,862,392 (1,062,000) - - - 800,392 WWtr Fund Treasury Note 6201-10410 - - - - - - Wastewater Expansion Fund Mny 6203-10108 4,084 3,570 - - - 7,655 WWtr Expansion Fd Mortgage Ba6203-10412 1,094,546 - - - - 1,094,546 Parking Enterprise Money Mrkt 6501-10108 7,974 2,727 - - - 10,701 Parking Fund Corp Bond-Pooled 6501-10141 - - - - - - Parking Enterprise 6501-10404 980,000 - - - - 980,000 Parking Fund Federal Agencies 6501-10405 - - - - - - Parking Fund Treasury Note 6501-10410 - - - - - - Internal Service Funds
MVR Fund Money Mrkt Csh 7201-10108 19,935 3,430 - - - 23,365 MVR Fund CD's 7201-10404 1,526,000 - - - - 1,526,000 MVR Fund Federal Agencies 7201-10405 250,000 - - - - 250,000 MVR Fund Treasury Note 7201-10410 1,361,836 - - - - 1,361,836 CalPers Benefit Trust
OPEB Trust Account 8101-10408 5,575,679 - - - - 5,575,679 Total all Investments 96,313,294$ 168,066$ -$ -$ -$96,481,361$ Total all Funds 121,925,266$ 3,578,164$ (4,097,593)$ -$ -$121,405,837$
9.C-7Council Agenda 4-1-2025
Attachment 3