PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: July 1, 2025
TITLE:
Monthly Investment Transaction Report of the City’s Cash and Investments for May 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 May 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 May 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 May 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 7-1-2025 9.C-1
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned May 2025
Actual Year-to-
Date Interest
Earned Ending
5/31/25 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp
Bonds/Treasuries
2.81% avg 8,664,200 10,874$ 156,424$ 1
City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ MBSs/
Treasuries
2.59% avg 45,412,374 123,286 895,294 1
Total All Securities 54,076,574$ 134,161$ 1,051,717$ City Pooled Funds - B US Bank Custody 4.17%410,760$ 5,043$ 93,117$ 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 4.42%15,017,769 56,202 617,768 3 City Pooled Funds - B US Bank Checking & Sweep 3.92%10,082,997 37,234 625,457 4 City Pooled Funds - B 25,922,350$ 98,480$ 1,420,793$ City Pooled Funds total A + B 71,334,725$ 221,766$ 2,316,087$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 1,069,106$ 64$ 2,484$ 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
-2 742 5
Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2024 Public Safety
Facility
31,285,675 100,842 1,031,962 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 May 31, 2025:117,964,523$ 333,549$ 3,775,189$ TOTAL for City Managed Portfolio, Cash and Investments:79,998,924$ 232,640$ 2,472,511$ 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 7-1-2025 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
May 31, 2025
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
05/01/25 Purchase FNMA Gtd Remic 550,427$
05/02/25 Purchase Colgate Palmolive Co 249,868
05/09/25 Purchase Bank of America Corp 400,000
05/09/25 Purchase Cummins Inc.24,983
05/15/25 Purchase Toyota Motor Corp 94,892
05/15/25 Purchase US Treasury 198,734
05/21/25 Purchase US Treasury 422,775
05/22/25 Purchase US Treasury 550,000
05/23/25 Purchase FNMA Gtd Remic 397,203
05/23/25 Purchase FNMA Gtd Remic 426,946
05/29/25 Purchase Citibank 250,000
Total 3,565,828$
SALES, MATURITIES, CALLS OR WITHDRAWALS
05/02/25 Sold US Treasury Note 141,469$
05/08/25 Sold US Treasury Note 408,551
05/14/25 Matured Enterprise Bank 245,000
05/15/25 Sold Amazon Com Inc 291,999
05/15/25 Matured Flagstar Bank 245,000
05/21/25 Sold Glaxosmith Kline Cap 416,568
05/22/25 Sold Cooperatieve Centrale Raiffeis 546,568
05/27/25 Paid Down FHLMC Multiclass Mtg 124
05/27/25 Paid Down FHLMC Multiclass Mtg 11,541
05/27/25 Paid Down FNMA Gtd Remic 556,161
05/30/25 Sold US Treasury Note 99,367
Total 2,962,347$
ACTIVITY TOTAL 603,481$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
Interest Earned on Investments 10,874$
POOLED INVESTMENTS
Interest Earned on Investments 123,286$
TOTAL INTEREST EARNED 134,161$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 7-1-2025 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: 5/31/2025 Bank Account Description Bank ID Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Checking US Bank 10,349,143$ 6,569,857$ (5,787,349)$ -$ (1,048,654)$ 10,082,997$ LAIF LAIF 410,824 - - - - 410,824 PFM Asset Management LLC CAMP 14,961,567 56,202 - - - 15,017,769 Total all Bank Accounts 25,721,534$ 6,626,059$ (5,787,349)$ -$ (1,048,654)$ 25,511,590$ Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
General Fund
General Fund 1001-10101 4,093,068 3,803,714 (2,860,523) - - 5,036,260 General Fund-Reserve 1001-10105 8,442 20 - - - 8,462 Half Cent Sales Tax Fund 1002 2,620,734 (566,093) - - - 2,054,641 Special Revenue Funds
Gas Tax Fund 2001 583,208 29,594 - - - 612,802 LTF - Streets 2002 500,359 45,944 - - - 546,303 PEG Access Fund 2003 127,639 8,587 - - - 136,226 Police Grant Fund 2004 158,000 296 - - - 158,297 Housing In Lieu Fund 2005 349,822 710 - - - 350,531 LBID Fund 2006 1,411,977 166,409 (243,565) - - 1,334,821 Chapman House 2007 (65) 2,179 (2,113) - - 2 Capital Projects Funds
Capital Projects Fund 3001 1,786,076 203,177 (1,880,437) - - 108,816 Public Facilities Fund 3002 945 2 - - - 948 Park Development Fund 3003 356,297 341 - - - 356,638 Circulation Fund 3101 621,514 (1,037) - - - 620,477 Development Impact Fee Fund 3102 165,734 314 - - - 166,048 Developer Impact Fee Fund 3103 179,959 424 - - - 180,382 Underground Utility Fund 3201 17,791 42 - - - 17,833 Council Agenda 7-1-2025 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:5/31/2025 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 823 2 -- - 825
Spyglass AD Fund 4102 13,704 32 -- - 13,736
Indio-El Portal AD Fund 4112 796 2 -- - 798
Visalia Street AD Fund 4113 10,827 25 -- - 10,853 Enterprise Funds
Water Enterprise/Tax Fund 6101/6102 4,373,420 637,106 (131,960) -- 4,878,566 Water Construction Fund 6103 723,354 147,487 (141,070) -- 729,771 Water Expansion Fund 6104 505,285 1,190 -- - 506,475 Water Central Coast Blue JPA 6105 7,918 613 (6,429) -- 2,102 Wastewater Enterprise Fund 6201 761,531 357,674 (117,653) -- 1,001,552 Wastewater Construction Fund 6202 2,055,311 43,153 (37,422) -- 2,061,042 Wastewater Expansion Fund 6203 622,938 1,467 -- - 624,405 Wastewater CCB JPA 6204 16,078 1,244 (13,053) --4,269 LTF - Transit Fund 6301 - - - - - -
Pier Operations Fund 6401 16,984 1,746 (5,011) -- 13,719 Parking Fund 6501 357,593 284,223 (86,368) -- 555,448 Internal Service Funds
Technology Service Fund 7101 32,397 115,477 (129,888) -- 17,987 Motor Vehicle Fund 7201 1,340,921 116,170 (68,262) -- 1,388,829 Trust & Agency Funds
SLO County TMD 8201 49,910 130,922 (123,736) -- 57,097 Control Funds
Payroll Control Fund 9301 1,582,056 1,032 60,337 -- 1,643,425 Interest Control Fund 9302 84,836 41,476 -- - 126,312 Utility Billing Control Fund 9304 183,350 1,544 -- - 184,895 M/R Control Fund 9305 - - - - - -
Total all cash funds 25,721,534 5,577,208 (5,787,151) -- 25,511,590 Council Agenda 7-1-2025 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: 5/31/2025 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending
Balance
INVESTMENTS
General Fund
General Fund Money Mrkt Csh 1001-10108 297,978 (122,296) - - - 175,682 General Fund - CD's 1001-10404 3,960,033 (90,000) - - - 3,870,033 General Fund - Fed Agency 1001-10405 4,049,000 - - - - 4,049,000 GF Reserve Money Mkt Cash 1001-10109 351,471 (351,471) - - - 0 GF Reserve - CD's 1001-10403 3,182,967 (400,000) - - - 2,782,967 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 A g1001-10140 50,000 - - - - 50,000 GF Corp Bond - Pooled 1001-10141 1,420,326 (321,676) - - - 1,098,650 GF Corp Bond - Reserve 1001-10145 1,034,827 424,983 - - - 1,459,809 GF Municipal Bonds Pooled 1001-10142 - - - - - - GF Municipal Bonds Reserve 1001-10143 - - - - - - Risk Mgmt Muni Bonds Reserve 1001-10144 - - - - - - GF Treasury Note 1001-10410 7,936,627 57,266 - - - 7,993,893 GF Treasury Bill 1001-10411 - - - - - -
GF Mortgage Back Sec 1001-10412 3,112,875 391,345 - - - 3,504,221 GF Reserve Treasury Note 1001-10413 1,463,424 - - - - 1,463,424 GF CREB's Fiscal Agent 1001-10515 (0) - - - - (0) GF - Half Cent Sales Tax CD's 1002-10404 245,000 - - - - 245,000 GF - Half Cent Sales Tax Fed Age1002-10405 500,000 - - - - 500,000 GF - Half Cent Sales Tax Mny Mk 1002-10108 304,960 (304,960) - - - 0 Half Cent Sales Tax - Pooled 1002-10141 105,000 250,000 - - - 355,000 Half Cent Sales Tax - Muni Bond 1002-10142 - - - - - - Half Cent Sales Tax Treasury Note1002-10410 1,139,955 550,000 - - - 1,689,955 Half Cent Sales Tax Mortg Back S1002-10412 189,993 - - - - 189,993 Special Revenue Funds
Housing In Lieu - Mny Mkt Csh 2005-10108 (0) 170 - - - 170 Housing In Lieu Fund 2005-10404 140,000 - - - - 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 (0) 13,127 - - - 13,127 LBID Fund - Treasury Note 2006-10410 1,315,918 - - - - 1,315,918 LBID Fund Mortgage Back Sec 2006-10412 575,591 (11,541) - - - 564,050 Capital Projects Funds
Capital Proj Fund Mny Mkt Cash 3001-10108 0 11,870 - - - 11,870 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 0 1,020 - - - 1,020 Development Impact Fee Fund 3102-10404 245,000 - - - - 245,000 Impact Fees Federal Agencies 3102-10405 - - - - - - Council Agenda 7-1-2025 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: 5/31/2025 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 31,161,482 124,193 - - - 31,285,675 Public Fin Fiscal Agent-Pier 4002-10510 19,590 1,049,516 - - - 1,069,106 Public Fin Fiscal Agent-PSF 4002-10511 - - - - - - Public Fin Fiscal Agent-CREBs 4002-10515 717 (717)- - - 0 Visalia Street AD Fund 4113-10108 - 388 - - - 388 Visalia Street CD's 4113-10404 100,000 - - - - 100,000 Enterprise Funds
Water Fund Money Mrkt Csh 6101-10108 0 67,656 - - - 67,656 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 2,786,547 (42,132) - - - 2,744,415 Water Fund Treasury Note 6101-10410 1,171,133 - - - - 1,171,133 Water Construction Money Mkt 6103-10108 (0) 85 - - - 85 W tr 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 (0) 127,593 - - - 127,593 Wtr Expansion Fund - Pooled 6104-10141 546,568 (546,568) - - - - Water Fund Treasury Note 6104-10410 - 422,775 - - - 422,775 Wastewater Fund Money Market C6201-10108 - 6,775 - - - 6,775 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 - 3,633 - - - 3,633 WWtr Expansion Fd Mortgage Ba6203-10412 1,094,546 - - - - 1,094,546 Parking Enterprise Money Mrkt 6501-10108 - 2,761 - - - 2,761 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 0 - - - - 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 (408,551) - - - 953,285 MVR Mortgage Back Securities 7201-10412 - 426,946 - - - 426,946 CalPers Benefit Trust
OPEB Trust Account 8101-10408 5,610,818 - - - - 5,610,818 Total all Investments 91,120,742$ 1,332,191$ -$ -$ -$92,452,933$ Total all Funds 116,842,276$ 6,909,399$ (5,787,151)$ -$ -$117,964,523$ Council Agenda 7-1-2025 9.C-7
Attachment 3