PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: May 6, 2025
TITLE:
Monthly Investment Transaction Report of the City’s Cash and Investments for March 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 March 31, 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 March 31, 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 March 31, 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:
Council Agenda 5-6-2025 9.C-1
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned March
2025
Actual Year-to-
Date Interest
Earned Ending
3/31/25 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp
Bonds/Treasuries
2.81% avg 8,659,483 21,543$ 126,861$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ MBSs/
Treasuries
2.59% avg 44,471,476 74,267 689,666 1 Total All Securities 53,130,959$ 95,810$ 816,526$ City Pooled Funds - B US Bank Custody 4.17%2,426,586$ 8,251$ 78,348$ 1 City Pooled Funds - B Local Agency Invest.
Fund (LAIF)
State Investment
Pool
4.48%406,346 4,478 84,451 2 City Pooled Funds - B PFM Asset Mgmt
CAMP
JPA Investment Pool 4.47%13,509,607 51,077 509,606 3 City Pooled Funds - B US Bank Checking & Sweep 3.95%7,265,995 36,395 555,346 4 City Pooled Funds - B 23,608,534$ 100,201$ 1,227,752$ City Pooled Funds total A + B 68,080,010$ 174,468$ 1,917,417$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 19,524$ 35$ 2,354$ 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
714 2 737 5
Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2024 Public Safety
Facility
34,641,722 126,793 799,874 5 CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Trust
Account
Various managed by
CalPERS
5,610,818$ 36,117$ 267,490$ 6 TOTAL, Cash and Investments at March 31, 2025:117,012,271$ 358,958$ 3,114,734$ TOTAL for City Managed Portfolio, Cash and Investments:76,739,493$ 196,011$ 2,044,278$ 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 Council Agenda 5-6-2025 9.C-2
Attachment 1
CITY OF PISMO BEACH
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
March 31, 2025
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
03/14/25 Purchase Amazon Com Inc 291,999$
03/14/25 Purchase Chevron USA Inc Sr GIBI 401,036
03/14/25 Purchase Cisco Sys Inc 200,788
03/14/25 Purchase Cisco Sys Inc 201,122
03/14/25 Purchase Commonwealth Bk Australia N Y 400,012 03/14/25 Purchase Eli Lilly Co Sr 201,412
03/14/25 Purchase Hershey Co 200,628
03/14/25 Purchase Hershey Co 200,578
03/14/25 Purchase Johnson Johnson 303,042
03/14/25 Purchase Mastercard Incorporated 200,576
03/14/25 Purchase Paccar Financial Corp Sr Nt 200,786
03/14/25 Purchase PepsiCo Inc 200,070
03/25/25 Purchase FHLMC Multiclass Mtg 586,367
Total 3,588,416$
SALES, MATURITIES, CALLS OR WITHDRAWALS
03/13/25 Matured American Eagle Bank 245,000$
03/19/25 Matured Somerset Tr Co 245,000
03/20/25 Sold US Treasury Note 598,145
03/25/25 Paid Down FHLMC Multiclass Mtg 104
03/25/25 Matured UBS Bank USA 245,000
03/31/25 Matured Centerstate Bank 245,000
03/31/25 Matured Lakeside Bank 245,000
Total 1,823,248$
ACTIVITY TOTAL 1,765,168$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 21,543$
POOLED INVESTMENTS
Interest Earned on Investments 74,267$
TOTAL INTEREST EARNED 95,810$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 5-6-2025 9.C-3
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:3/31/2025 Bank Account Description Bank ID Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 11,059,600$ 4,286,672$ (8,080,277)$ -$ -$ 7,265,995$ LAIF LAIF 406,346 - -- - 406,346 PFM Asset Management LLC CAMP 13,458,530 51,077 - - - 13,509,607 Total all Bank Accounts 24,924,476$ 4,337,749$ (8,080,277)$ -$ -$ 21,181,948$ Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 4,155,032 1,092,649 (1,511,069) - - 3,736,612 General Fund-Reserve 1001-10105 8,354 18 - - - 8,372 Half Cent Sales Tax Fund 1002 1,896,375 505,745 - - - 2,402,120 Special Revenue Funds
Gas Tax Fund 2001 510,483 33,243 - - - 543,726 LTF - Streets 2002 499,601 988 - - - 500,589 PEG Access Fund 2003 126,998 (66) - - - 126,932 Police Grant Fund 2004 175,821 (17,513) - - - 158,309 Housing In Lieu Fund 2005 99,976 97 - - - 100,074 LBID Fund 2006 1,223,963 153,722 (53,339) - - 1,324,347 Chapman House 2007 3,431 (12) (3,111) - - 308 Capital Projects Funds
Capital Projects Fund 3001 1,179,889 992,423 (2,343,461) - - (171,149) Public Facilities Fund 3002 936 2 - - - 938 Park Development Fund 3003 360,752 (305) - - - 360,447 Circulation Fund 3101 615,093 1,297 - - - 616,390 Development Impact Fee Fund 3102 174,834 294 (4,450) - - 170,677 Developer Impact Fee Fund 3103 178,098 377 - - - 178,474 Underground Utility Fund 3201 17,607 37 - - - 17,644 Council Agenda 5-6-2025 9.C-4
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:3/31/2025 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 815 2 - - - 816 Spyglass AD Fund 4102 13,562 29 - - - 13,591 Indio-El Portal AD Fund 4112 788 2 - - - 789 Visalia Street AD Fund 4113 8,711 18 - - - 8,730 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 3,280,695 415,790 (137,905) - - 3,558,580 Water Construction Fund 6103 701,947 42,394 (40,910) - - 703,431 Water Expansion Fund 6104 487,348 1,030 - - - 488,378 Water Central Coast Blue JPA 6105 23,204 614 (14,300) - - 9,518 Wastewater Enterprise Fund 6201 146,056 405,540 (280,268) - - 271,328 Wastewater Construction Fund 6202 2,029,939 31,382 (27,091) - - 2,034,230 Wastewater Expansion Fund 6203 601,069 1,721 - - - 602,789 Wastewater CCB JPA 6204 47,113 1,247 (29,034) - - 19,327 LTF - Transit Fund 6301 - - - - - - Pier Operations Fund 6401 18,885 1,798 (8,430) - - 12,253 Parking Fund 6501 3,194,916 260,725 (3,366,096) - - 89,546 Internal Service Funds
Technology Service Fund 7101 123,167 113,544 (103,498) - - 133,214 Motor Vehicle Fund 7201 1,202,819 140,834 (91,636) - - 1,252,017 Trust & Agency Funds
SLO County TMD 8201 51,317 112,786 (123,224) - - 40,878 Control Funds
Payroll Control Fund 9301 1,455,647 1,571 61,945 - - 1,519,163 Interest Control Fund 9302 126,671 41,046 - - - 167,717 Utility Billing Control Fund 9304 182,564 (1,721) - - - 180,843 M/R Control Fund 9305 - - - - - - Total all cash funds 24,924,476 4,333,348 (8,075,876) - - 21,181,948 Council Agenda 5-6-2025 9.C-5
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:3/31/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 1,242,531 7,947 - - - 1,250,478 General Fund - CD's 1001-10404 4,940,033 (980,000) - - - 3,960,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF Reserve Money Mkt Cash 1001-10109 38,811 268,115 - - - 306,926 GF Reserve - CD's 1001-10403 3,427,967 (245,000) - - - 3,182,967 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 - 1,003,758 - - - 1,003,758 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 9,562,558 - - - - 9,562,558 GF Treasury Bill 1001-10411 - - - - - - GF Mortgage Back Sec 1001-10412 880,000 (104) - - - 879,896 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 Mkt1002-10108 4,105 1,700 - - - 5,805 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 1,917 219 - - - 2,135 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 16,044 17,392 - - - 33,436 LBID Fund - Treasury Note 2006-10410 1,914,063 (598,145) - - - 1,315,918 LBID Fund Mortgage Back Sec 2006-10412 - 586,367 - - - 586,367 Capital Projects Funds
Capital Proj Fund Mny Mkt Cash 3001-10108 5,016 7,542 - - - 12,558 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 3,272 970 - - - 4,241 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - - Council Agenda 5-6-2025 9.C-6
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:3/31/2025 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 35,436,881 (795,158) - - - 34,641,722 Public Fin Fiscal Agent-Pier 4002-10510 19,464 60 - - - 19,524 Public Fin Fiscal Agent-PSF 4002-10511 - - - - - - Public Fin Fiscal Agent-CREBs 4002-10515 712 2 - - - 714 Visalia Street AD Fund 4113-10108 1,247 369 - - - 1,616 Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 1,703,475 (1,275,460) - - - 428,016 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 1,293,835 - - - 2,346,030 Water Fund Treasury Note 6101-10410 1,636,641 - - - - 1,636,641 Water Construction Money Mkt 6103-10108 5,664 144 - - - 5,808 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 298 88 - - - 386 Wtr Expansion Fund - Pooled 6104-10141 546,568 - - - - 546,568 Wastewater Fund Money Market C6201-10108 1,018,734 (700,477) - - - 318,256 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 800,392 704,456 - - - 1,504,848 WWtr Fund Treasury Note 6201-10410 - - - - - - Wastewater Expansion Fund Mny 6203-10108 7,655 3,707 - - - 11,362 WWtr Expansion Fd Mortgage Ba6203-10412 1,094,546 - - - - 1,094,546 Parking Enterprise Money Mrkt 6501-10108 10,701 7,999 - - - 18,700 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 23,365 3,497 - - - 26,862 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 35,139 - - - 5,610,818 Total all Investments 96,481,361$ (651,038)$ -$ -$ -$ 95,830,323$ Total all Funds 121,405,837$ 3,682,310$ (8,075,876)$ -$ -$ 117,012,271$ Council Agenda 5-6-2025 9.C-7
Attachment 3