CC SR 20260707 C - May 2026 Treasury Report - City
CITY COUNCIL MEETING DATE: 07/07/2026
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consider the May 2026 Cash Balances/Monthly Treasurer’s Report.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file the May 2026 Cash Balances/Monthly Treasurer’s Report.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Jane Lin, Senior Accountant
REVIEWED BY: Vina Ramos, Director of Finance VR
APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. Monthly Treasurer’s Report for May 2026 (page A-1)
BACKGROUND:
This report summarizes the cash balance of all funds and investments for the month of
May 2026 as part of Fiscal Year (FY) 2025-26. A separate report is prepared monthly for
the Joint Powers Improvement Authority (Improvement Authority) and presented under
separate cover to the Authority Commission.
DISCUSSION:
Summary of Cash and Investments
As of May 31, 2026, the overall cash balance of the City is $86.6 million (Chart 1). This
amount includes:
• $39.8 million (46%) in the Local Agency Investment Fund (LAIF).
• $5.4 million (6%) with BMO, which includes $1.7 million in checking for
operational needs and $3.7 million in a Money Market account. The Money
Market account was opened in April 2024 to maximize interest earnings
1
instead of leaving the idle funds in the checking account. As shown in Chart
3, BMO’s money market yield is 3.1%.
• $4.6 million (5%) is with Malaga Bank earning 3.9%.
• $36.7 million investments under the City’s brokerage firm Stifel:
o $13 million (15%) Certificates of Deposit (CD),
o $11 million (13%) Treasury Bills,
o $13 million (15%) Agency Bonds,
o $232,777 negative balance (less than 1%) money market account.
The temporary negative balance of this account was due to a timing
difference from the broker to process a new investment purchase.
The negative balance was resolved at the beginning of June. The
City holds a money market account with Stifel for transactions related
to buying and selling investments as applicable. The securities are
held by Bank of America and are FDIC-insured. The additional
balance details for each investment instrument can be found in the
attachments on page A-1.
Chart 1: Cash and Investments $86.6M (in millions)
Interest Earnings
The interest earnings are recorded on a quarterly basis. At the end of March, the third
quarter interest earnings are $907,365. Compared to the same quarter as last year, the
interest earnings were $1,009,089. This is a decrease of $101,724 or 10% decrease,
mainly due to the lower overall balance invested and the slightly lower rates.
$3.7
($0.2)
$4.6
$1.7
$11.0
$13.0
$13.0
$39.8
4.3%
-0.3%
5.4%
2.0%
12.7%
15.0%
15.0%
45.9%
($5.0)$0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0
BMO - Money Market
Stifel - Money Market
Malaga Bank - CD
BMO - Checking
Stifel - Treasury
Stifel - Agency Bonds
Stifel - CD
State of California - LAIF
2
Chart 2: FY2025-26 First Three Quarters - Interest Earnings $2,387,292
Chart 3: Investments - Average Yield
$50,304 $134,311
$1,242,147
$960,531
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
BMO - Money
Market
Malaga Bank - CD Stifel - CD,
Treasury, Agency
Bonds
State of California -
LAIF
3.1%
3.9%
3.4%3.6%3.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
BMO - Money
Market
Malaga Bank - CD Stifel - CD Stifel - Treasury,
Agency Bonds
State of
California - LAIF
3
Summary of Cash Balance by Fund
As shown in Chart 4 below, of the $86.6 million, the City’s General Fund has $36 million
(42%), and the Capital Infrastructure Program (CIP) Fund has $19 million (22%). The
remaining cash balance of $31.6 million (36%) is a combination of Special Revenue
Funds and Permanent Funds.
Chart 4: Summary of Cash Balance by Fund $86.6M (in millions)
Compared to a year ago (May 2025), the City’s cash balance increased by approximately
$5.9 million, primarily due to lower expenditures for emergency response and stabilization
efforts related to the Greater Portuguese Bend Landslide. When comparing the balance
to April 2026, the City’s cash balance increased by $0.3 million, primarily due to timing of
outstanding billing for general operational services for City-approved projects.
The major disbursements for the month of May included Aleshire and Wynder for legal
services, Clark Contracting for emergency landslide stabilization services, Geosyntec
Consultants for the landslide hydrology and hydraulics study, Hardy and Harper for the
roadway maintenance, Los Angeles County Sheriff’s Department for law enforcement
services, Ocean Blue Environmental Services for Abalone Cove environmental
abatement, Stay Green for annual landscaping services, and Williams Pipeline for
Abalone Cove sewer rehabilitation project. All expenditures were disbursed in accordance
with FY 2025-26 budgets and the City Council’s approved expenditures related to the
landslide.
ADDITIONAL INFORMATION:
2024 Investment Policy Update
The increase in the City’s overall interest earnings is mainly due to the higher market
rates available this year compared to the prior years. Additionally, the increase is
$36.0
42%
$19.0
22%
$31.6
36%
GENERAL FUND
CIP FUND
OTHER RESTRICTED
FUNDS
4
attributed to changes in the City’s investment policy. In 2024, the City Council adopted
significant changes to the Investment Policy based on recommendations from Staff and
the Finance Advisory Committee (FAC). One of the most impactful changes was
increasing the allowable investment of available cash (excluding operating needs) from
50% to 70%. This revised policy allowed for low-risk, short-term investments such as U.S.
Treasuries and Agency bonds, instead of investing funds in LAIF only. Staff also adde d
a money market/sweep account with the City’s existing financial institution, BMO, to
maximize interest earnings, ranging from approximately 3.8% to 4.5% (depending on
current market rates), instead of leaving the amount in the BMO checking account for 0%
interest earning.
These adjustments have already led to a substantial increase in interest earnings. Over
the past two fiscal years, the City has earned approximately $2.3 million more in interest
compared to FY 2022–23 largely due to the ability to invest more in higher-yielding
instruments such as U.S. Treasuries and Agency bonds, rather than keeping idle funds
in the City’s checking account or LAIF.
It should be noted, however, that interest earnings are starting to decline in FY 2025–26
as the City is estimated to have a lower cash balance compared to the last two fiscal
years, primarily due to increased expenditures related to the landslide emergency
response.
CONCLUSION:
Staff recommend that the City Council receive and file the Treasurer’s Report ending May
2026.
ALTERNATIVES:
In addition to staff’s recommendations, the following alternative actions are available for
the City Council’s consideration:
1. Do not receive and file the May 2026 Cash Balances/Monthly Treasurer’s Report
and request additional information at a future meeting .
2. Take other action, as deemed appropriate.
5
BEGINN ING BALANCE
PLUS : DEPOSITS
PLUS : INTEREST EARN INGS(1)
LESS : CHECK DISBURSEMENTS
LESS : ELECTRON IC DISBURSEMENT
ADJUSTMENTS(3)
PLUS :TRANSFERSIN
LESS : TRANSFERS OUT
ENDING BALANCE
(1) All LAIF interest is paid quarterly.
(2) Electronic Disbursements:
Payroll
Payroll Charges
Bank and Merchant Fees
BMO
Operating
3,433 ,737.42
6 ,924 ,627 .19
(5 ,740,737 .51)
(994,739.37)
3,111 ,000 .00
(5 ,000,000 .00)
1,733,887 .73
594 ,516 .35
379 ,683 .64
20 ,539 .38
994,739.37
CITY OF RANCHO PALOS VERDES
MAY 2026 TREASURER'S REPORT
Malaga Bank
BMO Non-Negotiab le
MMDA Petty Cash LAIF-CITY CD
1,689 ,233 .31 5,000 .00 39 ,768,495.19 4,636 ,523.10
(321.90)
5,000 ,000 .00
(3 ,000 ,000.00)
3,688,911.41 5,000 .00 39,768,495.19 4,636 ,523.10
MAY 2026 CASH BALANCE BY MAJOR FUNDS
Stifel
Money Market
49,124.38
(281,900 .93)
(232,776 .55)
Stifel
Investment Tota l Cash
36 ,747,000.00 86,329 ,113.40
6,924,627 .19
(5 ,740 ,737 .51)
(994 ,739.37)
250 ,000.00 (32,222.83)
8,111 ,000 .00
(8 ,000 ,000 .00)
36,997,000.00 86,597 ,040 .88
■GENERAL FUND 42%
■CIP 22%
■EQUIPMENT REPLACEMENT 4%
1119 11 ACT 4%
CHABITAT RESTORATION 0%
CQUIMBY0%
COTHER RE STRICTED FUNDS 28%
A-1
CASH BALANCES BY FUND
Unrestricted
GENERAL FUND
Restricted bv Council Action
BEAUTIF ICAT ION FUND
CIP
EQUIPMENT REPLACEMENT
BUILD ING REPLACEMENT
EMPLOYEE PENSION PLAN
EMPLOYEE BENEFITS
Subtotal
Restricted bv La w or Ex ternal Agencies
STREET MAINTENANCE
1972 ACT
GAS TAX-SB1
EL PRADO
CDBG
CDBG -R
1911 ACT
SOLID WASTE
AIR QUALITY MANAGEMENT
PROPOS ITION C
PROPOSITION A
PUBLIC SAFETY GRANTS
MEASURER
MEASURE M
HABITAT RESTORATION
SUBREG ION 1 MA INTENANCE
MEASUR E A MAINTENANCE
ABALONE COVE SEWER D ISTRICT
RPVTV
GINSBURG CULTURE ARTS BU ILDIN1
DONOR RESTR ICTED CONTRIBUTIO
FEDERAL GRANTS
ST ATE GRANTS
FEDERAL GRANTS -ARPA
QU IMBY
LOW-MODERATE INCOME HOUSING
AFFORDABLE HSNG IN LI E U
EET
MEASURE A CAPITAL
B IKEWAYS
UNDERGROUND UTILIT IES
ROADWAY BEAUTIFICAT ION
MEASUREW
WATER QUALITY FLOOD PROT ECT!(
REDEVELOPMENT OBLIGATION RET
IMPROVEMENT DISTR ICT 9
SPECIAL TRUSTS
Subtota l
GRAN D TOTA L
CITY OF RANCHO PALO S VERDE S
MAY 2026 TR EA S URER'S REPORT
BALANCE
FORWARD DEBIT CRED IT
33,891 ,849.29 18,549,038 .82 16,479 ,457 .66
0 .00 0 .00 0 .00
20 ,603 ,770 .35 0 .00 1,641 ,857 .50
3,480 ,124.41 0 .00 73,177.60
0 .00 0 .00 0 .00
1 ,41)9 ,289 .35 0 .00 0 .00
0 .00 0.00 0 .00
25,57 3, 184.11 0.00 1,7 15,035.10
1,798 ,681 .80 88,100.47 168,578.69
33,435 .53 359 ,071 .87 131 ,593 .73
3 ,024,341.43 107 ,009 .91 78 ,012.43
63 ,794.18 37 1.15 0.00
15 ,063.01 32 ,836 .00 2 ,690 .00
0 .00 0 .00 0 .00
3 ,262 ,877.90 95 ,690.64 46 ,740 .66
623 ,2 75 .90 7,404 .37 32 ,155 .35
185 ,7 06 .14 0 .00 0 .00
572,199 .10 89,301 .21 0 .00
3,305 ,667.68 107 ,660 .10 0 .00
96 ,882 .99 0 .00 0 .00
3,285,188 .98 0.00 146 ,988.45
1,188 ,71 7.71 64 ,384 .35 156,913 .74
47,289.52 0 .00 46 ,675 .00
769,882.68 0 .00 8,219 .08
moo : 0 .00 0 .00
150 ,77 7 .7 1 2 ,774.43 624 .33
0 .00 0 .00 0 .00
0 .00 0.00 0 .00
1,051 ,522 .7 5 0 .00 2 ,507 .50
0.00 49 ,157 .99 49 ,157 .99
1,2 91 ,560 .87 0.00 102 ,952 .67
237 .25 0 .00 0 .00
66 ,088 .95 0.00 0 .00
585 ,4 81 .13 0 .00 0 .00
1,007 ,292 .95 0 .00 0 .00
119 ,290.21 0.00 0.00
0 .00 0.00 0 .00
0 .00 0 .00 0 .00
0 .00 0.00 0 .00
0.00 0.00 0 .00
2 ,21 7,200 .02 0 .00 72,4 66 .75
0 .00 0.00 0 .00
143 ,313.28 0 .00 0 .00
0 .00 0.00 0 .00
1,958 ,310.33 66,342 .50 110 ,44 7.20
26 ,864 ,080 .00 1,070 ,1 04 .99 1,156 ,723 .5 7
86 ,329 ,1 13.40 19,619 ,143.81 19,35 1,216.33
T otal Investment:
Chanaeln Chanae In
Endina Cash Endina Cash
CASH Ba lance Ba lance in %
35,961 ,430 .45 2,069,58 1.16 6%
0.00 0 .00 0%
18 ,961 ,912 .85 (1 ,641 ,857 .50) -8%
3,406 ,946.81 (73,177.60) -2%
0 .00 0 .00 0%
1,489 ,289 .35 0 .00 0 %
0.00 0 .00 0 %
23,858 ,1 49.0 1 (1,715,035 .101 -7%
1,718,203.58 (80,478 .22) -4%
260,913 .67 227,478.14 100%
3 ,053 ,338 .91 28 ,99 7 .48 1%
64 ,1 65 .33 371 .15 1%
45 ,209 .01 30 ,146.00 200 %
0 .00 0 .00 0%
3 ,311 ,827 .88 48 ,949 .98 2%
598 ,524.92 (24 ,750 .981 -4%
185 ,706 .14 0 .00 0%
661 ,500.31 89 ,301.21 16%
3,413 ,32 7.78 107 ,660 .10 3%
96 ,882.99 0 .00 0%
3 ,138 ,200 .53 (146 ,988.45) -4%
1,096 ,188 .32 (9 2,529 .39) -8 %
614 .52 (46 ,675 001 -99 %
761 ,663 .60 (8 ,219 .08) -1%
(000) 0 .00 0%
152,92 7.81 2 ,150 .10 1%
0 .00 0 .00 0%
0 .00 0 .00 0%
1,049 ,015 .25 (2 ,507.50 ' 0 %
0 .00 0.00 0%
1,188 ,608.20 (102 ,952 .67' -8%
237.25 0 .00 0%
66 ,088 .95 0 .00 0%
585 ,481 .13 0 .00 0%
1,007 ,292 .95 0 .00 0%
119 ,290.21 0 .00 0%
0 .00 0 .00 0 %
0 .00 0 .00 0%
0 .00 0 .00 0%
0 .00 0 .00 0%
2 ,144 ,7 33 .27 (72,466 75) -3%
0 .00 0.00 0%
143 ,313 .28 0 .00 0%
0 .00 0 .00 0 %
1,914 ,205.63 (44 ,104 .70) -2%
26,777,46 1.42 (86,6 18 .58) 0%
86,59 7,040 .88 267 ,927 .48 0%
86 ,597,040 .88
A-2
CITY OF RANCHO PALOS VERDES
MAY 2026 TREASURER'S REPORT
Issuer of Acquisition Maturity Purchasing Market Book Value
Investment Investment CUSIP# Date Term Date Price Value (GIL Balance) Yield
Local Agency Investment Fund State of California NIA NIA On Demand $ 39,768,495 $ 39,768,495 3.81%
(LAIF-CITY) Note (1)
MMDA BMO NIA NIA On Demand $ 3,688,911 $ 3,688,911 3.06%
CD -Non-Negotiable Malaga Bank 08119124 36 Mos 08119127 $ 4,636,523 $ 4,636,523 3.92%
CD -Bank of America -Stifel (Non-A+ Fed Credit Union
Negotiable) Austin 00224TAB2 06129122 60 Mos 06129127 $ 250,000.00 $ 248,787.50 $ 250,000 3.56%
Advia Cr Un 00782JAC6 09127123 60 Mos 09127128 $ 250,000.00 $ 254,920.00 $ 250,000 4.86%
Alliant Credit Union 01882MAH5 11115123 60 Mos 11115128 $ 250,000.00 $ 257,217.50 $ 250,000 5.15%
Amoco Fed Cr Un 31424AAM2 12115125 48 Mos 12117129 $ 250,000.00 $ 247,460.00 $ 250,000 4.00%
BankNewport Rhode 06647JAV6 08103122 48 Mos 08103126 $ 250,000.00 $ 249,772.50 $ 250,000 3.50%
Bridgewater Bank 108622QG9 12110125 58 Mos 10130130 $ 248,890.25 $ 245,357.50 $ 250,000 3.91%
Capital One 14042RQB0 11117121 60 Mos 11117126 $ 248,750.00 $ 246,610.00 $ 250,000 1.12%
Capital One 14042RQS3 04120122 60 Mos 04120127 $ 248,750.00 $ 247,337.50 $ 250,000 2.83%
Celtic Bank 18118RX51 06120125 48 Mos 06120129 $ 246,875.00 $ 248,135.00 $ 250,000 4.00%
Chief Finl Fed Cr Un
Rochester 16863LAB1 07129122 60 Mos 07129127 $ 250,000.00 $ 248,530.00 $ 250,000 3.51%
Comenity Capital Bk 20033A3A2 04114122 60 Mos 04114127 $ 248,750.00 $ 247,105.00 $ 250,000 2.68%
Connectone Bank 20786ADL6 09124121 60 Mos 09127126 $ 248,750.00 $ 247,482.50 $ 250,000 0.81%
County School FCU 22258JAB7 02122123 55 Mos 09130127 $ 247,965.50 $ 250,182.75 $ 249,000 4.36%
Customers Bank 23204HSM1 05127126 36 Mos 06104129 $ 250,000.00 $ 250,000.00 $ 250,000 4.20%
Eaglernark Savings
Bank 27004PCM3 03102122 60 Mos 03102127 $ 248,750.00 $ 246,252.50 $ 250,000 2.04%
Empower Credit Union 291916AB0 09129123 60 Mos 09129128 $ 250,000.00 $ 255,487.50 $ 250,000 4.95%
Farmers&Merchants
Bank 307811DP1 01114122 60 Mos 01114127 $ 248,750.00 $ 245,705.00 $ 250,000 1.23%
First Fed S&L Bank 32022EAW6 12129121 60 Mos 12129126 $ 248,750.00 $ 245,797.50 $ 250,000 1.07%
First Nat'I Bank 32110YXG5 06124122 60 Mos 06124127 $ 250,000.00 $ 247,995.00 $ 250,000 3.27%
First Natl Bank/DAMA 32117BEQ7 12130121 60 Mos 12130126 $ 248,750.00 $ 246,067.50 $ 250,000 1.28%
Four Pts FCU Omaha 35089LAD5 06129122 60 Mos 06129127 $ 250,000.00 $ 248,390.00 $ 250,000 3.42%
Generations Bank 37149CAX5 05112122 60 Mos 05112127 $ 250,000.00 $ 247,885.00 $ 250,000 3.12%
GESA Cr Union 37424PAH7 07131123 36 Mos 07131126 $ 250,000.00 $ 250,530.00 $ 250,000 5.22%
GHS Fed Credit Un 36266LAA4 09115122 60 Mos 09115127 $ 250,000.00 $ 249,247.50 $ 250,000 3.80%
Hape Cmnty Cr Un 41138NAB4 08131123 42 Mos. 02126127 $ 250,000.00 $ 251,802.50 $ 250,000 4.94%
lntercredit Bank NA 458657MC4 01131122 60 Mos 01129127 $ 248,750.00 $ 245,695.00 $ 250,000 1.38%
Kemba Finl Credit Un 48836LAN2 09121122 60 Mos 09121127 $ 250,000.00 $ 249,982.50 $ 250,000 4.10%
Lebanon FCU PA 52248LAB2 08104122 60 Mos 08104127 $ 250,000.00 $ 248,625.00 $ 250,000 3.56%
Liberty First Cr Un 530520AM7 08129123 48 Mos 08130127 $ 250,000.00 $ 252,967.50 $ 250,000 4.91%
Lincoln Park Crnnty Cr
Un 534574AC2 08128123 60 Mos 08128128 $ 250,000.00 $ 254,765.00 $ 250,000 4.87%
Money One FCU 60936TAL3 09114123 60 Mos 09114128 $ 250,000.00 $ 254,850.00 $ 250,000 4.86%
Morgan Stanley Bk
Salt Lake City 61690D6FO 06111125 48 Mos 06111129 $ 250,000.00 $ 251,182.50 $ 250,000 4.24%
Morgan Stanley PVT
Bank 61776NTC7 06111125 48 Mos 06111129 $ 250,000.00 $ 251,182.50 $ 250,000 4.24%
Nat'I Bank of
Commerce 633368FJ9 01119122 60 Mos 01119127 $ 249,250.00 $ 245,532.50 $ 250,000 1.18%
Old Dominion Nat;I
Bank 679585AZ2 01120122 60 Mos 01/20127 $ 248,750.00 $ 245,512.50 $ 250,000 1.18%
Old Missouri Bank 68002LCN6 04129122 54 Mos 10129126 $ 249,250.00 $ 248,650.00 $ 250,000 2.67%
Onpath Fed Cr Union 68283MAG1 09115122 60 Mos 09115127 $ 250,000.00 $ 249,250.00 $ 250,000 3.80%
Pathfinder Bank 70320KBR1 01131122 60 Mos 01129127 $ 248,750.00 $ 245,450.00 $ 250,000 1.23%
Pima Fed Cr Un 722000AC0 08117123 36 Mos 08117126 $ 250,000.00 $ 250,710.00 $ 250,000 5.26%
Pittsburgh City Hall 72500MAA3 08116122 60 Mos 08116127 $ 250,000.00 $ 249,000.00 $ 250,000 3.60%
A-3
CITY OF RANCHO PALOS VERDES
MAY 2026 TREASURER'S REPORT
Is suer of Acquisition Maturity Purchasing Market Book Value
Investment Investme nt CUSIP# Date Term Date Price Value (GIL Balance) Yield
Saco&Biddefords Savs 78577THR9 0712 1/22 60 Mos 07/2 1/27 $ 250,000.00 $ 248,395 .00 $ 250,000 3.47%
Signalure Fed Cr Un 8267 1DAA5 10/27/22 48 Mos 10/27/26 $ 242 ,928.23 $ 248,622.48 $ 248,000 4 .58%
Southwest Finl Fed Cr
Un 84485EAJ6 09/2 1/22 60 Mos 09/21/27 $ 250,000.00 $ 249,235.00 $ 250,000 3.80%
State Bank of India 856288BU8 06/16/25 36 Mos 06/16/28 $ 250,000.00 $ 250,905.00 $ 250,000 4.26%
Texas Excange BK
SSB 88241TNV8 08/05/22 51 Mos 11/16/26 $ 250,000.00 $ 249,552.50 $ 250 ,000 3.60%
Toyota Financial Svgs 89235MLE9 07/29/21 60 Mos 07/29/26 $ 248,750.00 $ 248,745.00 $ 250,000 0 .96%
Trustone Finl Cr Un 89841MAF4 07/19/22 60 Mos 07/19/27 $ 250,000.00 $ 248,265.00 $ 250,000 3.42%
Tucson Fed Ce Un 898812AC6 09/08/23 60 Mos 09/08/28 $ 250,000.00 $ 254,820.00 $ 250 ,000 4 .86%
Un ited Bankers Bank 909557JP6 12/16/2 1 56 Mos 08/17/26 $ 248,875 .00 $ 248,395.00 $ 250,000 1.01%
UBS Bank 90355GPK6 07/03/24 48 Mos 07/10/28 $ 250,000.00 $ 252,485.00 $ 250,000 4 .52%
UT Federal Cr Un 90356NAB6 08/29/25 37 Mos 09/12/28 $ 250,000.00 $ 249,152 .50 $ 250,000 4.05%
Workers Fed Cr Un 98138MCB4 11 /15/23 60 Mos 11 /15/27 $ 250,000.00 $ 254 ,587.50 $ 250,000 5.22%
Treasury-Bank of New York (Stifel) United States Treas 91282CAL5 09/30/24 36 Mos 09/30/27 $ 908,075.01 $ 953,980.00 $ 1,000,000 3.56%
United States Treas 91282CFT3 11/07/24 60 Mos 10/31/29 $ 3,988,0 17.19 $ 3,988 ,120.00 $ 4,000,000 4 .0 1%
Uniled States Treas 91282CFJ5 12/03/24 56 Mos 08/31/29 $ 2,901,165.61 $ 2,912,820.00 $ 3,000,000 3.16%
United States Treas 9 128283F5 07/14/25 30 Mos 11 /15/27 $ 965,357.22 $ 975,630.00 $ 1,000,000 2.29%
United States Treas 91282CEE7 03/20/26 36 Mos 03/31/29 $ 1,9 17 ,138 .68 $ 1,910,320.00 $ 2,000 ,000 3.84%
Fed AQric MTG Corp 31422BPD6 01/14/25 58 Mos 11/14/29 $ 90 1,65 1.39 $ 94 1,240.00 $ 1,000 ,000 4.70%
Fed Home Loan Bank 3 130B73V4 07/15/25 42 Mos 01/08/29 $ 1,000,000 .00 $ 998,850 .00 $ 1,000,000 4.19%
Fed Natl Assn Note 3136GAKP3 07/23/25 60 Mos 07/23/30 $ 1,99 1,087 .50 $ 1,989,920.00 $ 2,000,000 4.20%
Fed Home Loan Bank 3 130B7AA2 07/24/25 60 Mos 07/15/30 $ 4 ,000,000.00 $ 4,002,120.00 $ 4,000 ,000 4.39%
Fed Farm Credit Ba nk 3133ELH31 08/29/25 58 Mos 06/11/30 $ 901,150.27 $ 897,170.00 $ 1,000,000 1.58%
Fed AAric MTG Corp 3 136GC2T1 10/3 1/25 60 Mos 10/21/30 $ 995,500.00 $ 987,430.00 $ 1,000,000 3.8 1%
Fed Natl MIA Note 3136GCE50 01/06/26 60 Mos 01/08/31 $ 995,637.88 $ 986,550.00 $ 1,000,000 3.75%
Fed Home Loan Bank 3134HCXZ7 03/04/26 60 Mos 03/10/31 $ 994,960 .07 $ 980 ,980.00 $ 1,000,000 3.81%
Fed Home Loan MTG 3134HCYF0 04/20/26 59 Mos 03/17/31 $ 997,767.04 $ 989,770.00 $ 1,000,000 4.10%
Total Investments $ 85,090,930 3.67%
Summary :
Local Agency Investment Fund(LAIF-CITY) $ 39,768,495.19
MMDA-BMO $ 3,688,9 11.41
Certificate of Deposit -Malaga Bank $ 4 ,636,523.10
Certifica te of Deposit -Stifel $ 12,997,000.00
Treasury Bills -Stifel $ 11 ,000 ,000.00
Agency Bonds -Stifel $ 13,000,000.00
Tota l Investments $ 85,090,929.70
BMO Balance $ 1,733,887.73
Petty Cas h $ 5,000 .00
Stifel Money Market $ (232,776.55)
Total Cash & Investment $ 86,597,040.88
Total Cash & Inves tment from above $ 86,597,040.88
$
lnveslment w ith Stifle:
Pu rchasing Price $ 34,433,814 .73
Market Va lue $ 34 ,514 ,722 .73
Book Value (Genera l Ledger Ba lance) $ 34,997 ,000.00
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NOTE:
SUMMARY OF CASH BALANCE BY INSTITUTION
MAY 2026
BM O -Mo ney Mark et
(1) LAIF market values will be reported to vary from book value if the City calculated share of total LAIF assets is less than the City book value .
To the best of my knowledge, there are no misstatements of material amounts within this report;
or omissions of material amounts to cause the report to be mislead in g.
I certify that this report accurately reflects all City investments and complies with the investment policy of the City
of Rancho Palos Verdes as approved by the City Counci l. Furtherm ore , I certify that sufficient investment liquidity
and anticipated revenues are available to meet the City's expenditure requirements for the next six months .
Respectfully submitted,
Treasurer
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