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Page 1 of 7 <br />Item #6 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />November 4, 2025 <br />Finance <br /> <br />TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR <br />SEPTEMBER 2025 <br /> <br />SUMMARY <br />Attached is the City of Pleasanton monthly disbursements and the investment report for the <br />month of September 2025. <br /> <br />RECOMMENDATION <br />Accept claim disbursements in the amount of $23,416,863 and the investment report for the <br />month of September 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 September 2025. <br /> <br />DISCUSSION <br />The book value of the City of Pleasanton primary investment portfolio decreased by $29.9 <br />million from $259.3 million to $229.4 million during the quarter ending September 30, 2025. <br />This decrease was primarily due to large disbursements to various vendors related to the new <br />fiscal year (liability insurance premium, prepayment for unfunded pension liability, etc.). The <br />fiscal year-to-date effective rate of return on the portfolio was 1.43 percent. The average days <br />to maturity (ADM) increased from 318 days on June 30, 2025, to 497 days on September 30, <br />2025. <br /> <br />Local Agency Investment Fund <br />The City's investment in the Local Agency Investment Fund (LAIF) decreased to $36.5 million <br />from $66.5 million last quarter ending June 30, 2025. The quarterly LAIF apportionment <br />interest rate was 4.34 percent with ADM of 254 days. The average monthly effective yield was <br />4.21 percent in September, 4.25 percent in August, and 4.26 percent in July. <br /> <br />As of September 30, 2025, approximately 41.0 percent of the total portfolio consisted of <br />Federal Agency Securities, while the LAIF Investment was 16.1 percent of the portfolio. <br />Page 39 of 323