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Page 1 of 7 <br />Item #8 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />August 19, 2025 <br />Finance <br /> <br />TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR <br />JUNE 2025 <br /> <br />SUMMARY <br />Attached is the City of Pleasanton monthly disbursement and investment report for June 2025 <br /> <br />RECOMMENDATION <br />Accept claim disbursements in the amount of $16,655,705 and the investment report for the <br />month of June 2025. <br /> <br />BACKGROUND <br />The City's Investment Policy requires the Director of Finance to submit a monthly transaction <br />report to the City Council within 60 days of the end of the reporting period in accordance with <br />California Government Code Section 53607. <br /> <br />The Investment Policy also requires the Director of Finance to submit a quarterly report to the <br />City Council on the status of the City's investment portfolio no later than 45 days after the end <br />of each month. This report shall include the types of investments, the amount of money <br />invested with various institutions, purchase and maturity dates, and yield on investments. The <br />Director of Finance certifies that the investment portfolio complies with the investment policy <br />and will meet cash flow needs for the next six months. This report also includes check and <br />electronic payment information for June 2025. <br /> <br />DISCUSSION <br />The book value of the City of Pleasanton primary investment portfolio increased by $17.2 <br />million from $242.1 million to $259.3 million during the quarter ending June 30, 2025. This <br />increase was mainly due to revenue from property tax. The fiscal year-to-date effective rate of <br />return on the portfolio was 1.72 percent. The average days to maturity (ADM) decreased from <br />325 days on March 31, 2025, to 318 days on June 30, 2025. <br /> <br />Local Agency Investment Fund <br />The City's investment in the Local Agency Investment Fund (LAIF) increased to $66.5 million <br />from $53.3 million last quarter ending March 31, 2025. The quarterly LAIF apportionment <br />interest rate was 4.4 percent with ADM of 248 days. The average monthly effective yield was <br />4.27 percent in June, 4.27 percent in May, and 4.28 percent in April. <br /> <br />As of June 30, 2025, approximately 53.6 percent of the total portfolio consisted of federal <br />agency securities, while the LAIF investment was 26.0 percent of the portfolio. Corporate <br />notes accounted for 8.4 percent of the portfolio, Treasury Securities 8.0 percent, Government <br />Money Market and Cash 2.4 percent, supranationals 1.2 percent, asset-backed securities 0.2 <br />percent, and certificates of deposit 0.2 percent. <br />Page 158 of 674