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Home My WebLink AboutStaff Report 2501-4042CITY OF PALO ALTO CITY COUNCIL Special Meeting Monday, August 18, 2025 Council Chambers & Hybrid 5:30 PM Agenda Item E.City of Palo Alto Monthly Investment Activity Report July 2025 (Unaudited) City Council Staff Report Report Type: INFORMATION REPORTS Lead Department: Administrative Services Meeting Date: August 18, 2025 Report #:2501-4042 TITLE City of Palo Alto Monthly Investment Activity Report July 2025 (Unaudited) ATTACHMENTS Attachment A: July 2025 Monthly Investment Activity Report APPROVED BY: Lauren Lai, Administrative Services Director CITY OF PALO ALTO MONTHLY INVESTMENT ACTIVITY REPORT July 2025 (Unaudited) TO: Honorable City Council Report Posted at the City’s Website: www.cityofpaloalto.org/investmentreporting Above Link on Council Agenda of August 18, 2025 ______________________________________________________________________ The City’s Investment Policy1 (Policy) and California Government Code Section 53607 requires that a report of transactions (investments, reinvestment, sold, and exchanged securities) be made available to the Council on a monthly basis. The attached list of transactions (Attachment A) also includes, though not required by the Policy or the government code, security maturities and cash movement activity in the City’s two liquid operating cash pool accounts (Local Agency Investment Fund or LAIF and Fidelity accounts). Liquid cash are available on a daily basis but are invested by the two entities in a range of securities (e.g., treasuries, federal agencies, commercial paper, corporate bonds, time deposits, loans, and certificate of deposits/bank notes). This reporting requirement is separate and distinct from the quarterly investment report submitted under California Government Code Section 53646 that includes portfolio composition, a detailed list of all securities, performance compared to the Policy, overall compliance with the Policy, and the City’s ability to meet expenditure requirements over the next six months. Prepared by: _______________________ Tarun Narayan Mgr. Treasury, Debt & Investments ________________ Date Approved by: _______________________ Christine Paras Asst. Director ASD _________________ Date ______________________ Lauren Lai Chief Financial Officer _________________ Date 1 https://www.cityofpaloalto.org/files/assets/public/v/1/administrative‐services/investment‐policies/adopted‐investment‐policy‐1‐39‐asd.pdf Docusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA 8/5/2025 8/6/2025 8/7/2025 City of Palo Alto Activity Report City of Palo Alto Administration Svcs. Dept. 250 Hamilton Ave., 4th Floor Palo Alto, CA 94301 (650)329-2362Sorted By Safekeeper July 1, 2025 - July 31, 2025 Current Rate Transaction Date Balance Beginning Balance Ending Par Value Percent of Portfolio Par Value CUSIP Investment # Issuer Purchases or Deposits Redemptions or Withdrawals Safekeeper: U.S. Bank Negotiable Certificates of Deposits Bank of Wisconsin Dells2455 NCD 0.001.050 07/28/2025 249,000.00065847EH4 Exchange State Bank3029 NCD 0.004.600 07/06/2025 249,000.00301485AN8 498,000.0027,826,000.00 27,328,000.00Subtotal and Balance 0.00 Corporate Medium Term Bonds 31,850,000.00 31,850,000.00Subtotal and Balance Federal Agency Bonds Federal Home Loan Bank3111 Call 0.005.600 07/27/2025 1,500,000.003130B44G3 1,500,000.00205,809,000.00 204,309,000.00Subtotal and Balance 0.00 Treasury Securities (Notes) 4,500,000.00 4,500,000.00Subtotal and Balance Municipal Bonds State of Utah2306 MUN 0.003.539 07/01/2025 295,225.00917542QV7 Sequoia Union High School Dist2320 MUN 0.001.735 07/01/2025 400,000.00817409N35 Palo Alto Unified School Dist.2838 MUN 0.005.862 07/01/2025 401,785.71697379TV7 Palo Alto Unified School Dist.2839 MUN 0.005.862 07/01/2025 401,785.71697379TV7 Palo Alto Unified School Dist.2841 MUN 0.005.862 07/01/2025 396,428.57697379TV7 State of Georgia2981 MUN 0.004.150 07/01/2025 1,000,000.00373384TP1 2,895,224.99236,145,639.11 233,250,414.12Subtotal and Balance 0.00 Supranationals (World Bank) Bonds 70,884,000.00 70,884,000.00Subtotal and Balance 0.00 4,893,224.99577,014,639.11 572,121,414.1294.919%Safekeeper Subtotal Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts Fidelity Investments158 0.004.190 1,050,000.00SYS158 Local Agency Investment Fund159 13,035,019.194.260 66,100,000.00SYS159 Portfolio CPA AP Run Date: 08/05/2025 - 12:11 DA (PRF_DA) 7.3.11 Report Ver. 7.3.11 Attachment ADocusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA Current Rate Transaction Date Balance Beginning Balance Ending Par Value Page 2 Percent of Portfolio Par Value July 1, 2025 - July 31, 2025 Activity Report City of Palo Alto CUSIP Investment #Issuer Purchases or Deposits Redemptions or Withdrawals 67,150,000.0084,739,317.99 30,624,337.18Subtotal and Balance 13,035,019.19 13,035,019.19 67,150,000.0084,739,317.99 30,624,337.185.081%Safekeeper Subtotal 661,753,957.10 602,745,751.30Total72,043,224.9913,035,019.19100.000% Portfolio CPA AP Run Date: 08/05/2025 - 12:11 DA (PRF_DA) 7.3.11 Report Ver. 7.3.11 Docusign Envelope ID: 3C3F3DC4-E7FF-401C-A2BF-7FFA1D9CD6EA