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Page 1 of 2 <br />Item #7 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />September 15, 2026 <br />Finance <br /> <br />TITLE: ACCEPT THE MONTHLY DISBURSEMENTS AND INVESTMENTS REPORT FOR <br />JULY 2026 <br /> <br />SUMMARY <br />The City of Pleasanton monthly disbursements and investment report for July 2026 is <br />presented for acceptance by the City Council. <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 Policy also requires the Director of Finance to submit a quarterly report to the City Council <br />on the status of the City's investment portfolio no later than 45 days after the end of each <br />month. This report shall include the types of investments, the amount of money invested with <br />various institutions, purchase and maturity dates, and yield on investments. The Director of <br />Finance affirms that the investment portfolio complies with the investment policy and will meet <br />cash flow needs for the next six months. <br /> <br />This report also includes check and electronic payment information for July 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 quarter ended March <br />2026. The average purchase yield (also known as book yield) indicates the annual rate at <br />which the City is currently earning income. The average market yield indicates the average <br />rate at which new and maturing funds are reinvested. The City uses total return to <br />demonstrate how the portfolio has grown over time. Total return includes growth from income <br />(including accrual), realized gains and losses as a result of a sale before maturity, and <br />unrealized gains and losses (gains and losses on paper) as a result of changes in market <br />value. Total return is compared to the City’s risk and performance measuring benchmark that <br />is similar in duration to the City’s portfolio duration: ICE BofA 1-5 Year Unsubordinated US <br />Treasury & Agency Index. <br /> <br />The total investment portfolio (market value) consists of $202,643,140 managed by Chandler <br />Asset Management, and $54,422,471 invested by the City in Local Agency Investment Fund <br />(LAIF) and Certificates of Deposit. The average market yield of the Chandler portfolio and the <br />City Managed Investments were 4.42% and 3.83% respectively. These figures reflect the rate <br />Page 32 of 318