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Page 1 of 7 <br />Item #2 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />February 17, 2026 <br />Finance <br /> <br />TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR <br />DECEMBER 2025 <br /> <br />SUMMARY <br />Attached is the City of Pleasanton monthly disbursement and investment report for December <br />2025. <br /> <br />RECOMMENDATION <br />Accept claim disbursements in the amount of $22,712,218 and the investment report for the <br />month of December 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 December 2025. <br /> <br />DISCUSSION <br />The book value of the City of Pleasanton primary investment portfolio increased by $20.7 <br />million from $229.4 million to $250.1 million during the quarter ending December 31, 2025. <br />This increase was mainly due to revenue from property tax. The fiscal year-to-date effective <br />rate of return on the portfolio was 2.13 percent. The average days to maturity (ADM) <br />decreased from 497 days on September 30, 2025, to 427 days on December 31, 2025. <br /> <br />Local Agency Investment Fund <br /> <br />The City's investment in the Local Agency Investment Fund (LAIF) increased to $56.5 million <br />from $35.6 million last quarter ending September 30, 2025. The quarterly LAIF apportionment <br />interest rate was 4.20 percent with ADM of 244 days. The average monthly effective yield was <br />4.03 percent in December, 4.10 percent in November, and 4.15 percent in October. <br /> <br />As of December 31, 2025, approximately 34.1 percent of the total portfolio consisted of <br />Federal Agency Securities, while the LAIF Investment was 22.6 percent of the portfolio. <br />Corporate Notes accounted for 13.7 percent of the portfolio, Treasury Securities 25.0 percent, <br />Page 8 of 144