HomeMy WebLinkAboutStaff Report 2602-6003CITY OF PALO ALTO
CITY COUNCIL
Special Meeting
Monday, August 24, 2026
Council Chambers & Hybrid
5:30 PM
Agenda Item
A.Monthly Investment Report - July 2026 (Unaudited)
City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: August 24, 2026
Report #:2602-6003
TITLE
Monthly Investment Report - July 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 – July 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
07/01/2026 - 07/31/2026
Buy
CUSIP Security Description Security Type
CORP
Transaction Settlement Date
07/15/2026
Quantity
2,500,000.00
2,295,000.00
5,365,000.00
Price
98.800
99.988
99.977
Acq/Disp Yield
4.776
Amount
-2,470,000.00
-2,294,713.35
-5,363,753.17
Purchased/Sold Interest Total Amount
-2,478,437.50
-2,294,713.35
-5,363,753.17
67066GAR5 NVIDIA CORP 4.5 Buy 8,437.50
JDOT 26B A3 4.88 ABS 07/22/2026 4.935
COMET 2026-1 A 4.48 ABS 07/16/2026 4.530 0.00
---------Buy 07/17/2026 10,160,000.00 ---4.682 -10,128,466.52 8,437.50 -10,136,904.02
Call Redemption
CUSIP Security Description Security Type
MUNI
Transaction Settlement Date
07/01/2026
Quantity
-1,485,000.00
-3,500,000.00
Price
100.000
100.000
Acq/Disp Yield
4.752
Amount
1,485,000.00
3,500,000.00
Purchased/Sold Interest Total Amount
1,485,000.00
3,500,000.00
697379TV7 PALO ALTO CALIF UNI Call 0.00
INTERNATIONAL BANK CORP Call 07/30/2026 4.190
45906M5H0 INTERNATIONAL BANK CORP Call 07/24/2026 -2,000,000.00 100.000 3.664 2,000,000.00 0.00 2,000,000.00
---------Call 07/22/2026 -6,985,000.00 100.000 4.159 6,985,000.00 0.00 6,985,000.00
Maturity
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
91282CCP4 UNITED STATES US GOV Maturity 07/31/2026 -1,500,000.00 100.000 0.901 1,500,000.00 0.00 1,500,000.00
912797TN7 UNITED STATES T-BILL Maturity 07/16/2026 -5,000,000.00 100.000 3.654 5,000,000.00 0.00 5,000,000.00
TREASURY 07/16/2026
Toyota Financial Savings
SANTA MONICA-MALIBU MUNI
797356DF6 SAN DIEGO UNIFIED MUNI Maturity 07/01/2026 -260,000.00 100.000 4.112 260,000.00 0.00 260,000.00
Institution for Savings in
39573LBM9 GreenState Credit Union CD Maturity 07/21/2026 -249,000.00 100.000 0.950 249,000.00 0.00 249,000.00
Eaglemark Savings Bank CD
CALLEGUAS CALIF MUN MUNI
---------Maturity 07/16/2026 -9,176,000.00 100.000 2.585 9,176,000.00 0.00 9,176,000.00
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ATTACHMENT A
Palo Alto Monthly Transactions
07/01/2026 - 07/31/2026
Sell
CUSIP Security Description Security Type Transaction Settlement Date
07/15/2026
Quantity
-1,500,000.00
-500,000.00
Price
99.426
91.197
Acq/Disp Yield
3.739
Amount
1,491,396.56
455,985.00
Purchased/Sold Interest Total Amount
1,491,396.56
0.00
912797UF2 UNITED STATES T-BILL Sell 0.00
SAN DIEGO CALIF CMNTY MUNI Sell 08/04/2026 2.150 -88.04
797272QS3 SAN DIEGO CALIF CMNTY MUNI Sell 08/04/2026 -255,000.00 98.606 1.021 251,445.30 -51.15 0.00
---------Sell 07/21/2026 -2,255,000.00 ---3.099 2,198,826.86 -139.19 1,491,396.56
Summary
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
------------07/18/2026 -8,256,000.00 ---3.756 8,231,360.34 8,298.31 7,515,492.54
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