HomeMy WebLinkAboutStaff Report 2602-6001CITY OF PALO ALTO
CITY COUNCIL
Special Meeting
Monday, August 10, 2026
Council Chambers & Hybrid
5:30 PM
Agenda Item
B.Monthly Investment Report - June 2026 (Unaudited)
City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: August 10, 2026
Report #:2602-6001
TITLE
Monthly Investment Report - June 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 – June 2026
APPROVED BY:
Lauren Lai, Administrative Services Director
1 Investment Policy Fiscal Year 2025-2026 (Adopted February 9, 2026);
https://www.paloalto.gov/files/assets/public/v/1/administrative-services/investment-policies/1-39-asd-
investment-policy.pdf
ATTACHMENT A
Palo Alto Monthly Transactions
06/01/2026 - 06/30/2026
Buy
CUSIP Security Description Security Type
T-BILL
Transaction Settlement Date
06/30/2026
06/30/2026
06/17/2026
06/05/2026
06/26/2026
Quantity
7,500,000.00
5,000,000.00
2,955,000.00
2,500,000.00
1,000,000.00
Price
99.268
99.840
99.988
92.390
99.609
Acq/Disp Yield
3.739
Amount
-7,445,085.00
-4,992,003.56
-2,954,643.33
-2,309,750.00
-996,093.75
Purchased/Sold Interest Total Amount
-7,445,085.00
-4,992,003.56
-2,954,643.33
-2,316,230.00
-996,209.03
912797UF2 UNITED STATES Buy 0.00
UNITED STATES T-BILL 3.654
HART 26B A3 4.81 ABS 4.863 0.00
BANK OF AMERICA CORP CORP 4.953 6,480.00
BMWLT 2026-1 A3 4.15 ABS 4.444
---------Buy 06/25/2026 18,955,000.00 ---4.082 -18,697,575.64 6,595.28 -18,704,170.92
Call Redemption
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
45906M4E8 INTERNATIONAL BANK SUPRANATIONAL Call 06/26/2026 -3,463,000.00 100.000 4.073 3,463,000.00 0.00 3,463,000.00
45906M4E8 INTERNATIONAL BANK SUPRANATIONAL Call 06/26/2026 -3,463,000.00 100.000 4.073 3,463,000.00 0.00 3,463,000.00
Maturity
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
80181PCV7 SANTA CRUZ CNTY CALIF MUNI Maturity 06/01/2026 -465,000.00 100.000 3.150 465,000.00 0.00 465,000.00
SAN JOSE CALIF FING MUNI 06/01/2026 -345,000.00 100.000 1.480 345,000.00 0.00 345,000.00
SAN FRANCISCO CALIF
SAN FRANCISCO CALIF -1,420,000.00 1,420,000.00 1,420,000.00
69511AAT1 PACIFICA CALIF PENSION MUNI Maturity 06/01/2026 -580,000.00 100.000 2.648 580,000.00 0.00 580,000.00
INTER-AMERICAN SOVEREIGN GOV -2,000,000.00 2,000,000.00 2,000,000.00
446201AE5 HUNTINGTON BEACH MUNI Maturity 06/15/2026 -2,175,000.00 100.000 1.292 2,175,000.00 0.00 2,175,000.00
GLENDORA CALIF
3130AWGR5 FEDERAL HOME LOAN AGCY BOND Maturity 06/12/2026 -1,000,000.00 100.000 3.629 1,000,000.00 0.00 1,000,000.00
CHULA VISTA CALIF
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ATTACHMENT A
Palo Alto Monthly Transactions )
06/01/2026 - 06/30/2026
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
088006KA8 BEVERLY HILLS CALIF MUNI Maturity 06/01/2026 -350,000.00 100.000 1.200 350,000.00 0.00 350,000.00
010831DT9 ALAMEDA CNTY CALIF JT MUNI Maturity 06/01/2026 -110,000.00 100.000 0.932 110,000.00 0.00 110,000.00
---------Maturity 06/10/2026 -11,055,000.00 100.000 1.887 11,055,000.00 0.00 11,055,000.00
Principal Paydown
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
68607LXQ5 OREGON ST 5.892 MUNI Principal 06/02/2026 0.00 ---3.115 1,163,162.12 0.00 1,163,162.12
68607LXQ5 OREGON ST 5.892 MUNI Principal 06/02/2026 0.00 ---3.115 1,163,162.12 0.00 1,163,162.12
Summary
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
------------06/19/2026 4,437,000.00 ---3.342 -3,016,413.52 6,595.28 -3,023,008.80
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