City of Simi Valley
Staff Report
Febr
uary 23, 2026
To: City
Council
From: D
epartment of Administrative Services,
Carolyn Johnson, Director of Administrative Services
Subje
ct: A pproval of the Monthly Investment Report for the month ended January 31, 2026
Staff Re
commendation
It
is recommended that the City Council approve of the Monthly Investment Report for the month ended January 31, 2026.
Bac
kground
In ac
cordance with the City's Investment Policy, the M onthly Investment Report is submitted to the City Council for review and approval. This report provides a summary of the City's investment portfolio, including holdings, market values, and compliance with authorized investment practices. Regular City Council approval ensures transparency, promotes fiscal accountability, and affirms that the City's investments are managed in accordance with legal requirements and policy objectives. By reviewing this report, the City Council fulfills its oversight role in safeguarding public funds and supporting sound financial stewardship.
Discu
ssion
The C
ity has contracted with an investment advisory firm, Insight Investment LLC (“Insight”). As part of the City’s agreement with Insight, they prepare the Monthly Investment Report. Data provided by Insight is attached. Information contained in that report is summarized below:
• Per
centage of the portfolio represented by each investment category o Cash and Cash Equivalents: 55%
o U.S. Treasury: 16%
o U.S. Agencies: 16%
o Corporate Bonds: 13%
• A l
isting of individual securities held at the end of the reporting period by authorized investment category. Includes the type of investment, name of the issuer, security or certificate number. Coupon, discount, or earnings rate; (shown under “Coupon” for each investment listed).
Agenda Item No.
Consent (1)
• Weighted Average Maturity of Advisor Managed Investments: 2.33 years • W
eighted Average Yield on Advisor Managed portfolio: 4.16% T
he fair market value of a portfolio invested in debt securities changes from month to month and typically moves in the opposite direction of the change in interest rates demanded by the marketplace for the period in question. For example, per the U.S. Department of the Treasury’s website, annualized Treasury Yield Curve Rates for three- year treasury increased from 3.55% on December 31, 2025, to
3.60% on January 30, 2026.
A Fixed Income Market Review through January 31, 2026, is included to provide the current economic conditions.
• T
he fair market value of all investments as of January 31 , 202 6, held by the City (excluding investments held by bond trustee): $330,351,177.
The portfolio is in compliance with the City’s Statement of Investment Policy . The City has sufficient liquidity to meet expenditure requirements for at least the next six months.
Fin
ancial Impact
A
pproving the Monthly Investment Report has no direct financial impact, as it does not authorize new transactions or alter the City’s budget. However, it is a key accountability measure that ensures the City Council maintains oversight of the investment portfolio.
This regular review helps safeguard public funds, reinforces transparency, and confirms that investments are managed in accordance with policy and legal standards.
C
ity Council Priority
T
he Monthly Investment Report supports Fiscal Stability by providing regular oversight of the City’s investment portfolio, ensuring funds are managed prudently and in alignment with policy to preserve capital , liquidity, and generate interest income. This helps safeguard public resources and contributes to long-term financial health.
I
t also advances Excellent City Government by promoting accountability and transparency in financial operations. By reviewing and approving the R eport, the City Council demonstrates responsible stewardship and reinforces public trust in how taxpayer dollars are invested.
S
uggested Motion
I
move to approve the Monthly Investment Report for the month ended January 31, 2026.
Su
mmary
I
n accordance with the City's Investment Policy, the Monthly Investment Report, prepared by Insight Investment LLC, is submitted to the City Council for review and approval. This process ensures transparency, confirms compliance with authorized investment practices, and supports Council’s oversight role in safeguarding public funds. 2 P
repared by: Eric Sanchez, Staff Accountant
A
ttachment
A
ttachment A – January 2026 Monthly Investment Report
3 City Managed Assets Market Value % Yield
CAMP 37,056,620 20% 3.85%
LAIF 144,758,358 80% 3.93%
Total Managed by City 181,814,978 100%
as % of Total Portfolio Assets 55%
Weighted Average Yield 3.91%
Days
Effective Average Duration 1
Weighted Average Maturity 1
Insight Managed Assets Market Value % Yield
Treasury Securities 52,755,183 36% 3.74%
Instrumentality Securities 52,688,297 35% 4.15%
Corporate 43,092,720 29% 4.67%
Total Managed by Insight 148,536,200 100%
as % of Total Portfolio Assets 45%
Weighted Average Yield 4.16%
Years
Effective Average Duration 1.96
Weighted Average Maturity 2.33
Total Portfolio Assets Market Value % Yield
CAMP 37,056,620 11% 3.85%
LAIF 144,758,358 44% 3.93%
Treasury Securities 52,755,183 16% 3.74%
Instrumentality Securities 52,688,297 16% 4.15%
Corporate 43,092,720 13% 4.67%
Total Portfolio Assets 330,351,177 100%
Weighted Average Yield 4.02%
Years
Effective Average Duration 0.88
Weighted Average Maturity 1.05
Portfolio Change Market Value
Beginning Balance 321,977,190
Ending Balance 330,351,177
For Insight Managed Assets, market values exclude accrued interest and purchase yields are presented.
The City provides the City Managed Assets information.
City of Simi Valley
Monthly Consolidated Portfolio Report
January 31, 2026
CAMP
20%
LAIF
80%
Treasury
Securities
36%
Instrumentality
Securities 35%
Corporate
29%
CAMP
11%
LAIF
44%
Treasury
Securities1
6%
Instrumentality
Securities16%
Corporate
13%
4 Attachment A
Contents
Fixed income market review 3
Activity and performance summary 4
Performance 6
Recap of securities held 7
Maturity distribution of securities held 8
Securities held 9
GASB 40 - Deposit and investment risk disclosure 17
Securities purchased 24
Securities sold and matured 25
Detail of return and interest received 26
Transaction report 31
Additional information 32
5 FIXED INCOME MARKET REVIEW
As of January 31, 2026
SIMI VALLEY
Chart 1: Initial jobless claims stabilizing
Source: Federal Reserve, January 31, 2026.
Chart 2: But hiring conditions remained tough
Source: Bloomberg, January 31, 2026.
Economic Indicators and Monetary Policy
The FOMC voted to keep rates on hold after three consecutive cuts in 2025, with its official statement noting
some signs of stabilization
in the labor market. Chair Powell also noted a
“clearly improved