CITY COUNCIL REGULAR MEETING AGENDA PACKET 5-19-26

Page 1 of 6 Item #7 CITY COUNCIL AGENDA REPORT May 19, 2026 Finance TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR MARCH 2026 SUMMARY Attached is the City of Pleasanton monthly disbursement and investment report for March 2026. RECOMMENDATION Accept claim disbursements in the amount of $17,639,998 and the investment report for the month of March 2026. BACKGROUND The City's Investment Policy requires the Director of Finance to submit a monthly transaction report to the City Council within 60 days of the end of the reporting period in accordance with California Government Code Section 53607. The Investment Policy also requires the Director of Finance to submit a quarterly report to the City Council on the status of the City's investment portfolio no later than 45 days after the end of each month. This report shall include the types of investments, the amount of money invested with various institutions, purchase and maturity dates, and yield on investments. The Director of Finance affirms that the investment portfolio complies with the investment policy and will meet cash flow needs for the next six months. This report also includes check and electronic payment information for March 2026. DISCUSSION The City has transitioned to a new reporting format to incorporate Chandler Asset Management's Investment Report. The average market yield and the ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index (benchmark) will be used for reporting purposes, replacing the effective rate of return/actual return on investment and the US Treasury Rates used in previous reports. It should be noted that the average market yield may be higher or lower than the actual return on investment. The market value of the City of Pleasanton's primary investment portfolio increased by $10.8 million from $249.5 million to $260.3 million during the quarter ending March 31, 2026; the cost value increased by $11.1 million from $250.1 million to $261.2. The increase was mainly due to revenue from property tax. A portion of the City's investment portfolio is managed by Chandler Asset Management. The market value increased by $0.8 million, from $192.4 million to $193.2 million, during the quarter. The average market yield for the portfolio managed by Chandler Asset Management is 3.98 percent, with the average days to maturity (ADM) of 939 days as of March 31, 2026. The City's average market yield is slightly higher than the 3.84 percent for ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index. Page 259 of 908