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Page 6 of 6 <br />The two portfolios total $53.2 million, which are held by a third party for the benefit of the City <br />of Pleasanton at US Bank. US Bank is the contractual agent for PARS trust investments that <br />are managed by PFM Asset Management (formerly Highmark Capital Management). <br /> <br />EQUITY AND SUSTAINABILITY <br />Not applicable, as this item is a routine administrative matter of City business. <br /> <br />OUTREACH <br />No outreach was conducted, as this item is a routine administrative matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Not applicable, as this item is a routine administrative matter of City business. <br /> <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Xin Wei, Junior Accountant Susan Hsieh, Director of Finance <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. March 2025 Disbursements and Investment Report <br /> <br />Page 39 of 249