PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
April 7, 2026
TITLE:
Monthly Investment Transaction Report of the City’s Cash and Investments for February 2026 of Fiscal Year 2026
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, 2026. 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, 2026. •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, 2026.
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 4-7-2026 9.C-1
City of Pismo Beach
Investment Name Name of Institution Type of Investment
Current
Earnings
Rate Book Value
Actual Interest
Earned February
2026
Actual Year-to-
Date Interest
Earned Ending
2/28/26 * Data Sources
General Fund Reserves US Bank CDs/GASs/Corp
Bonds/Treasuries
3.12% avg 8,787,758 5,462$ 157,813$ 1 City Pooled Funds - A US Bank CDs/GASs/ Corp
Bonds/ MBSs/
Treasuries
3.30% avg 48,174,082 77,565 816,175 1 Total All Securities 56,961,841$ 83,026$ 973,988$ City Pooled Funds - B US Bank Custody 4.17%1,925,420$ 1,188$ 13,446$ 1 City Pooled Funds - B Local Agency Invest.
Fund (LAIF)
State Investment
Pool
4.20%10,424,301 - 8,976 2
City Pooled Funds - B PFM Asset Mgmt
CAMP
JPA Investment Pool 3.83%5,467,225 19,156 395,083 3 City Pooled Funds - B US Bank Checking & Sweep 3.30%9,056,405 40,558 312,730 4 City Pooled Funds - B 26,873,351$ 60,903$ 730,235$ City Pooled Funds total A + B 75,047,433$ 138,467$ 1,546,411$ Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 Pier Project 1,213$ 3$ 1,339$ 5 Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2017 CREB's
Project
1,007 3 1,008 5
Funds Held with Fiscal
Agent
Bond funds:
Wilmington Trust
2024 Public Safety
Facility
14,057,355 45,307 763,965 5 CalPERS Benefit Trust
OPEB Trust Account CalPERS Benefit Trust
Account
Various managed by
CalPERS
6,254,602$ -$ 434,880$ 6 TOTAL, Cash and Investments at February 28, 2026:104,149,369$ 189,242$ 2,905,415$ TOTAL for City Managed Portfolio, Cash and Investments:83,835,191$ 143,929$ 1,704,224$ 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 4-7-2026 9.C-2
Attachment 1
Attachment 2: For the General Fund Reserve and City Pooled Funds A Transactions on Investments in Securities
February 28, 2026
INVESTMENT ACTIVITY
PURCHASES OR DEPOSITS
02/02/26 Purchase Morgan Stanley 250,000$
02/04/26 Purchase American Express Co 281,462
02/05/26 Purchase Paccar Financial Mtn 124,948
02/06/26 Purchase Adobe Inc 723,687
02/09/26 Purchase National Rural Utils Coop 114,932
02/12/26 Purchase US Treasury 1,614,563
02/13/26 Purchase Alphabet Inc 684,409
02/25/26 Purchase US Treasury 560,744
Total 4,354,744$
SALES, MATURITIES, CALLS OR WITHDRAWALS
02/03/26 Sold US Treasury 188,625$
02/04/26 Sold US Treasury 198,734
02/05/26 Sold Chevron USA Inc 100,259
02/06/26 Sold US Treasury 375,720
02/10/26 Sold Walmart Inc.149,741
02/18/26 Sold Chevron USA Inc 300,777
02/24/26 Sold US Treasury 473,460
02/25/26 Sold Cummins Inc 24,983
02/25/26 Paid Down FHLMC Multiclass Mtg 598
02/25/26 Paid Down FHLMC Multiclass Mtg 8,887
02/25/26 Paid Down FHLMC Multiclass Mtg 50
02/25/26 Paid Down FHLMC Multiclass Mtg 277
02/25/26 Paid Down FHLMC Multiclass Mtg 59
02/25/26 Paid Down FHLMC Multiclass Mtg 336
02/25/26 Paid Down FHLMC Multiclass Mtg 11,134
02/25/26 Paid Down FNMA Gtd Remic 153
02/25/26 Paid Down FNMA Gtd Remic 5,691
02/25/26 Paid Down FNMA Gtd Remic 620
02/25/26 Matured FHLB 500,000
02/25/26 Sold Northern Trust Corp 549,396
Total 2,889,499$
ACTIVITY TOTAL 1,465,245$
INTEREST REVENUE
GENERAL FUND RESERVE INVESTMENTS
5,462$
POOLED INVESTMENTS
Interest Earned on Investments 77,565$
TOTAL INTEREST EARNED 83,026$
Data Source: Monthly Download of Transactions from US Bank Council Agenda 4-7-2026 9.C-3
Attachment 2
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund Bank Account Proof of Cash for the month ending:2/28/2026 Bank Account Description Bank ID Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance Total all Bank Accounts 33,149,415$ 3,739,988$ (8,941,472)$ 20,000,000$ (23,000,000)$ 24,947,931$ Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance General Fund
Special Revenue Funds
Capital Projects Funds
Council Agenda 4-7-2026 9.C-4
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund Bank Account Proof of Cash for the month ending:2/28/2026 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance Debt Service Funds
Enterprise Funds
Internal Service Funds
Trust & Agency Funds
Control Funds
Total all cash funds 33,149,415 754,666 (8,956,149) - - 24,947,931 Council Agenda 4-7-2026 9.C-5
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund Bank Account Proof of Cash for the month ending:2/28/2026 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance
INVESTMENTS
General Fund
Special Revenue Funds
Capital Projects Funds
Council Agenda 4-7-2026 9.C-6
Attachment 3
Attachment 3: For City Pooled Funds B - Summary of monthly transactions by fund Bank Account Proof of Cash for the month ending:2/28/2026 Fund Description Fund # Beginning Balance Cash Receipts Disbursements Transfers-In Transfers-Out Ending Balance
INVESTMENTS
Debt Service Funds
Enterprise Funds
Internal Service Funds
CalPers Benefit Trust
Total all Investments 76,034,786$ 3,166,651$ -$ -$ -$ 79,201,438$ Total all Funds 109,184,201$ 3,921,317$ (8,956,149)$ -$ -$ 104,149,369$ Council Agenda 4-7-2026 9.C-7
Attachment 3