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Page 1 of 2 <br />Item #6 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />July 21, 2026 <br />Finance <br /> <br />TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENT REPORT FOR <br />MAY 2026 <br /> <br />SUMMARY <br />Attached is the City of Pleasanton monthly disbursements and investment report for May 2026. <br /> <br />RECOMMENDATION <br />Accept claim disbursements in the amount of $21,743,265 and the investment report for the <br />month of May 2026. <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 affirms that the investment portfolio complies with the investment policy <br />and will meet cash flow needs for the next six months. <br /> <br />This report also includes check and electronic payment information for May 2026. <br /> <br />DISCUSSION <br />The monthly disbursements and investment report provides transparency of the City’s <br />financial transactions and payments for review by the City Council. <br /> <br />The City has transitioned to a new reporting format that incorporates Chandler Asset <br />Management's Investment Report, beginning with the report for the month ended April 2026. <br />The average purchase yield (also known as book yield) indicates the annual rate at which the <br />City is currently earning income. The average market yield indicates the average rate at which <br />new and maturing funds are reinvested. The City uses total return to demonstrate how the <br />portfolio has grown over time. Total return includes growth from income (including accrual), <br />realized gains and losses as a result of a sale before maturity, and unrealized gains and <br />losses (gains and losses on paper) as a result of changes in market value. Total return is <br />compared to the City’s risk and performance measuring benchmark that is similar in duration <br />to the City’s portfolio duration: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency <br />Index. <br /> <br />Page 60 of 923