PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: June 3, 2025
TITLE:
Monthly Investment Transaction Report of the City’s Cash and Investments for April 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 April 30, 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 April 30, 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 April 30, 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 6-3-2025 9.C-1
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned April 2025
Actual Year-to-
Date Interest
Earned Ending
4/30/25 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp
Bonds/Treasuries
2.81% avg 8,639,217 18,688$ 145,549$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ MBSs/
Treasuries
2.59% avg 44,734,509 82,342 772,008 1 Total All Securities 53,373,726$ 101,030$ 917,557$ City Pooled Funds - B US Bank Custody 4.17%954,409$ 9,726$ 88,074$ 1 City Pooled Funds - B Local Agency Invest.
Fund (LAIF)
State Investment
Pool
4.48%410,824 - 84,451 2 City Pooled Funds - B PFM Asset Mgmt
CAMP
JPA Investment Pool 4.45%14,961,567 51,960 561,566 3 City Pooled Funds - B US Bank Checking & Sweep 3.94%10,349,143 32,876 588,222 4 City Pooled Funds - B 26,675,943$ 94,562$ 1,322,314$ City Pooled Funds total A + B 71,410,452$ 176,904$ 2,094,321$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 19,590$ 66$ 2,420$ 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
716 2 740 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2024 Public Safety
Facility
31,161,482 131,245 931,119 5 CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Trust
Account
Various managed by
CalPERS
5,610,818$ -$ 267,490$ 6 TOTAL, Cash and Investments at April 30, 2025:116,842,276$ 326,906$ 3,441,640$ TOTAL for City Managed Portfolio, Cash and Investments:80,049,669$ 195,593$ 2,239,871$ 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 6-3-2025 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
April 30, 2025
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
04/03/25 Purchase US Treasury 1,252,398$
04/08/25 Purchase FHLMC Multiclass Mtg 558,622
04/08/25 Purchase FNMA Gtd Remic 556,161
04/11/25 Purchase FHLMC Multiclass Mtg 563,792
04/15/25 Purchase FHLMC Multiclass Mtg 554,508
04/15/25 Purchase GlaxoSmithKline Cap Inc 416,568
04/16/25 Purchase AstraZeneca Finance LLC 222,574
04/16/25 Purchase Bristol Myers Squibb Co 217,943
04/24/25 Purchase Caterpillar Financial Svcs 215,086
04/24/25 Purchase FHLMC Remic Series 189,993
04/24/25 Purchase State Str Corp SR 105000
04/25/25 Purchase American Express Co 170,000
04/28/25 Purchase Walmart Inc 149,741
04/29/25 Purchase US Treasury 190,111
Total 5,362,497$
SALES, MATURITIES, CALLS OR WITHDRAWALS
04/02/25 Matured Celtic Bank 245,000$
04/04/25 Sold US Treasury Note 474,922
04/04/25 Sold US Treasury Note 541,172
04/09/25 Matured Pacific Enterprise Bank 245,000
04/11/25 Sold US Treasury Note 518,623
04/11/25 Sold US Treasury Note 180,391
04/11/25 Sold US Treasury Note 555,092
04/15/25 Sold US Treasury Note 403,438
04/16/25 Matured Pacific Western Bank 245,000
04/16/25 Sold US Treasury Note 483,769
04/16/25 Sold US Treasury Note 187,734
04/22/25 Sold US Treasury Note 563,203
04/24/25 Sold US Treasury Note 465,508
04/25/25 Paid Down FHLMC Multiclass Mtg 10,879
04/29/25 Sold Salesforce 196,600
Total 5,316,330$
ACTIVITY TOTAL 46,167$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 18,688$
POOLED INVESTMENTS
Interest Earned on Investments 82,342$
TOTAL INTEREST EARNED 101,030$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 6-3-2025 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: 4/30/2025 Bank Account Description Bank ID Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 7,265,995$ 7,122,241$ (4,039,093)$ -$ -$ 10,349,143$ LAIF LAIF 406,346 4,478 - - - 410,824 PFM Asset Management LLC CAMP 13,509,607 51,960 - 1,400,000 - 14,961,567 Total all Bank Accounts 21,181,948$ 7,178,679$ (4,039,093)$ 1,400,000$ -$ 25,721,534$ Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 3,770,225 1,734,750 (1,464,791) -- 4,040,183 General Fund-Reserve 1001-10105 8,372 70 -- - 8,442 Half Cent Sales Tax Fund 1002 2,402,120 218,614 -- - 2,620,734 Special Revenue Funds
Gas Tax Fund 2001 543,726 39,482 -- - 583,208
LTF - Streets 2002 500,589 4,011 (4,241) -- 500,359 PEG Access Fund 2003 126,932 707 -- - 127,639
Police Grant Fund 2004 158,309 (308)-- - 158,000
Housing In Lieu Fund 2005 100,074 249,748 -- - 349,822 LBID Fund 2006 1,324,347 206,071 (118,441) -- 1,411,977 Chapman House 2007 308 698 (918) -- 88
Capital Projects Funds
Capital Projects Fund 3001 (171,149) 3,672,545 (1,715,320) -- 1,786,076 Public Facilities Fund 3002 938 8 -- - 945
Park Development Fund 3003 360,447 (4,150) -- - 356,297 Circulation Fund 3101 616,390 5,124 -- - 621,514
Development Impact Fee Fund 3102 170,677 6,695 (11,638) -- 165,734 Developer Impact Fee Fund 3103 178,474 1,485 -- - 179,959 Underground Utility Fund 3201 17,644 147 -- - 17,791 Council Agenda 6-3-2025 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: 4/30/2025 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 816 7 - - - 823 Spyglass AD Fund 4102 13,591 113 - - - 13,704 Indio-El Portal AD Fund 4112 789 7 - - - 796 Visalia Street AD Fund 4113 8,730 2,098 - - - 10,827 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 3,542,149 965,968 (117,107) - - 4,391,010 Water Construction Fund 6103 703,431 19,923 - - - 723,354 Water Expansion Fund 6104 488,378 16,907 - - - 505,285 Water Central Coast Blue JPA 6105 9,515 1,260 (2,855) - - 7,921 Wastewater Enterprise Fund 6201 263,084 669,304 (151,881) - - 780,507 Wastewater Construction Fund 6202 2,034,230 107,210 (86,129) - - 2,055,311 Wastewater Expansion Fund 6203 602,789 20,149 - - - 622,938 Wastewater CCB JPA 6204 19,321 2,559 (5,796) - - 16,084 LTF - Transit Fund 6301 - - - - - - Pier Operations Fund 6401 11,728 9,640 (4,385) - - 16,984 Parking Fund 6501 88,739 313,459 (43,798) - - 358,400 Internal Service Funds
Technology Service Fund 7101 127,668 118,837 (200,385) - - 46,119 Motor Vehicle Fund 7201 1,249,965 161,913 (69,328) - - 1,342,550 Trust & Agency Funds
SLO County TMD 8201 40,878 119,155 (110,123) - - 49,910 Control Funds
Payroll Control Fund 9301 1,519,163 1,067 61,825 - - 1,582,056 Interest Control Fund 9302 167,717 (82,881) - - - 84,836 Utility Billing Control Fund 9304 180,843 2,507 - - - 183,350 M/R Control Fund 9305 - - - - - - Total all cash funds 21,181,948 8,584,896 (4,045,310) - - 25,721,534 Council Agenda 6-3-2025 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: 4/30/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 1,250,478 (952,500) - - - 297,978 General Fund - CD's 1001-10404 3,960,033 - - - - 3,960,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF Reserve Money Mkt Cash 1001-10109 306,926 44,546 - - - 351,471 GF Reserve - CD's 1001-10403 3,182,967 - - - - 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 1,003,758 416,568 - - - 1,420,326 GF Corp Bond - Reserve 1001-10145 500,000 534,827 - - - 1,034,827 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 (1,625,931) - - - 7,936,627 GF Treasury Bill 1001-10411 - - - - - - GF Mortgage Back Sec 1001-10412 879,896 2,232,979 - - - 3,112,875 GF Reserve Treasury Note 1001-10413 2,018,516 (555,092) - - - 1,463,424 GF CREB's Fiscal Agent 1001-10515 (0) - - - - (0) GF - Half Cent Sales Tax CD's 1002-10404 735,000 (490,000) - - - 245,000 GF - Half Cent Sales Tax Fed Age1002-10405 500,000 - - - - 500,000 GF - Half Cent Sales Tax Mny Mk 1002-10108 5,805 299,156 - - - 304,960 Half Cent Sales Tax - Pooled 1002-10141 - 105,000 - - - 105,000 Half Cent Sales Tax - Muni Bond 1002-10142 - - - - - - Half Cent Sales Tax Treasury Note1002-10410 1,424,766 (284,811) - - - 1,139,955 Half Cent Sales Tax Mortg Back S1002-10412 - 189,993 - - - 189,993 Special Revenue Funds
Housing In Lieu - Mny Mkt Csh 2005-10108 2,135 (2,135) - - - (0) Housing In Lieu Fund 2005-10404 385,000 (245,000) - - - 140,000 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 33,436 (33,436) - - - (0) LBID Fund - Treasury Note 2006-10410 1,315,918 - - - - 1,315,918 LBID Fund Mortgage Back Sec 2006-10412 586,367 (10,776) - - - 575,591 Capital Projects Funds
Capital Proj Fund Mny Mkt Cash 3001-10108 12,558 (12,558) - - - 0 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 4,241 (4,241) - - - 0 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - - Council Agenda 6-3-2025 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: 4/30/2025 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 34,641,722 (3,480,240) - - - 31,161,482 Public Fin Fiscal Agent-Pier 4002-10510 19,524 66 - - - 19,590 Public Fin Fiscal Agent-PSF 4002-10511 - - - - - - Public Fin Fiscal Agent-CREBs 4002-10515 714 2 - - - 717 Visalia Street AD Fund 4113-10108 1,616 (1,616) - - - - Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 428,016 (428,016) - - - 0 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 2,346,030 440,517 - - - 2,786,547 Water Fund Treasury Note 6101-10410 1,636,641 (465,508) - - - 1,171,133 Water Construction Money Mkt 6103-10108 5,808 (5,808) - - - (0) 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 386 (386) - - - (0) Wtr Expansion Fund - Pooled 6104-10141 546,568 - - - - 546,568 Wastewater Fund Money Market C6201-10108 318,256 (318,256) - - - 0 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 1,504,848 - - - - 1,504,848 WWtr Fund Treasury Note 6201-10410 - - - - - - Wastewater Expansion Fund Mny 6203-10108 11,362 (11,362) - - - 0 WWtr Expansion Fd Mortgage Ba6203-10412 1,094,546 - - - - 1,094,546 Parking Enterprise Money Mrkt 6501-10108 18,700 (18,700) - - - 0 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 26,862 (26,862) - - - 0 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 5,610,818 - - - - 5,610,818 Total all Investments 95,830,323$ (4,709,581)$ -$ -$ -$ 91,120,742$ Total all Funds 117,012,271$ 3,875,315$ (4,045,310)$ -$ -$ 116,842,276$ Council Agenda 6-3-2025 9.C-7
Attachment 3