HomeMy WebLinkAboutStaff Report 2606-6458CITY OF PALO ALTO
CITY COUNCIL
Special Meeting
Monday, August 10, 2026
Council Chambers & Hybrid
5:30 PM
Agenda Item
A.Monthly Investment Report - May 2026 (Unaudited)
City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: August 10, 2026
Report #:2606-6458
TITLE
Monthly Investment Report - May 2026 (Unaudited)
RECOMMENDATION
This is an Information Report. No Council action is required.
ANALYSIS
The City’s Investment Policy (Policy)1 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. 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.
ATTACHMENTS
Attachment A: Investment Portfolio Transaction Ledger – May 2026
APPROVED BY:
Lauren Lai, Administrative Services Director
1 Investment Policy Fiscal Year 2025-2026 (Adopted February 9, 2026);
ATTACHMENT A
Palo Alto Monthly Transactions
05/01/2026 - 05/31/2026
Buy
CUSIP Security Description Security Type
CORP
ABS
Transaction Settlement Date
05/14/2026
05/20/2026
05/20/2026
05/20/2026
05/13/2026
05/14/2026
Quantity
3,910,000.00
3,775,000.00
1,795,000.00
705,000.00
Price
99.797
99.978
99.893
99.751
99.997
99.989
Acq/Disp Yield
4.596
Amount
-3,902,062.70
-3,774,177.81
-1,793,079.35
-703,244.55
Purchased/Sold Interest Total Amount
-3,902,062.70
-3,774,177.81
-1,793,079.35
-703,244.55
89236TQB4 TOYOTA MOTOR CREDIT Buy 0.00
MBART 261 A3 4.36 4.603
ELI LILLY AND CO 4.375 CORP 4.399
ELI LILLY AND CO 4.375 4.431
HAROT 2026-2 A3 4.3 3,900,000.00 3.020 -3,899,887.29 -3,899,887.29
GMALT 2026-2 A3 4.3 ABS 4.396
---------Buy 05/16/2026 15,800,000.00 ---4.157 -15,787,266.14 0.00 -15,787,266.14
Maturity
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
977100AC0 WISCONSIN ST GEN FD MUNI Maturity 05/01/2026 -305,000.00 100.000 5.108 305,000.00 0.00 305,000.00
97705MNP6 WISCONSIN ST 2.089 MUNI Maturity 05/01/2026 -2,500,000.00 100.000 0.761 2,500,000.00 0.00 2,500,000.00
UNITED STATES
SAN DIEGO CNTY CALIF
70227RBM1 PASADENA CALIF MUNI Maturity 05/01/2026 -120,000.00 100.000 0.915 120,000.00 0.00 120,000.00
59013KPS9 Merrick Bank 1.1 05/19/2026 CD Maturity 05/19/2026 -249,000.00 100.000 1.169 249,000.00 0.00 249,000.00
INTERNATIONAL FINANCE SUPRANATIONAL -1,500,000.00 1,500,000.00 1,500,000.00
4581X0EK0 INTER-AMERICAN SUPRANATIONAL Maturity 05/15/2026 -1,000,000.00 100.000 4.273 1,000,000.00 0.00 1,000,000.00
---------Maturity 05/09/2026 -12,994,000.00 100.000 2.538 12,994,000.00 0.00 12,994,000.00
Summary
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
------------05/13/2026 2,806,000.00 ---3.426 -2,793,266.14 0.00 -2,793,266.14
1