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Staff Report 2602-6004
CITY OF PALO ALTO CITY COUNCIL Special Meeting Monday, September 28, 2026 Council Chambers & Hybrid 5:30 PM Agenda Item A.Monthly Investment Report - August 2026 (Unaudited) City Council Staff Report Report Type: INFORMATION REPORTS Lead Department: Administrative Services Meeting Date: September 28, 2026 Report #:2602-6004 TITLE Monthly Investment Report - August 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 - August 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 08/01/2026 - 08/31/2026 Buy CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount 91282CRK9 UNITED STATES US GOV Buy 08/31/2026 5,000,000.00 99.656 4.452 -4,982,812.50 0.00 -4,982,812.50 912797UG0 UNITED STATES T-BILL Buy 08/06/2026 15,000,000.00 99.577 3.690 -14,936,579.13 0.00 -14,936,579.13 TREASURY 09/17/2026 UNITED STATES TMUST 262 A 4.74 GMALT 263 A3 4.53 ABS ---------Buy 08/11/2026 31,810,000.00 ---3.894 -31,697,427.93 0.00 -31,697,427.93 Call Redemption CUSIP Security Description Security Type Transaction Settlement Date 08/01/2026 Quantity -545,000.00 -40,000.00 -90,000.00 Price 100.000 100.000 100.000 Acq/Disp Yield 4.653 Amount 545,000.00 40,000.00 90,000.00 Purchased/Sold Interest Total Amount 545,000.00 40,000.00 798306WQ5 SAN JUAN CALIF UNI SCH MUNI Call 0.00 ORCHARD CALIF SCH MUNI Call 08/01/2026 3.249 LOS ANGELES CNTY MUNI Call 08/01/2026 5.801 90,000.00 54438CMS8 LOS ANGELES CALIF MUNI Call 08/01/2026 -105,000.00 100.000 4.679 105,000.00 0.00 105,000.00 12082SDN1 BURBANK CALIF UNI SCH MUNI Call 08/01/2026 -1,000,000.00 100.000 0.960 1,000,000.00 0.00 1,000,000.00 ------MUNI Call 08/01/2026 -1,780,000.00 100.000 2.606 1,780,000.00 0.00 1,780,000.00 Maturity CUSIP Security Description Security Type MUNI Transaction Settlement Date 08/01/2026 08/01/2026 08/20/2026 08/01/2026 Quantity -1,000,000.00 -355,000.00 -249,000.00 -390,000.00 Price 100.000 100.000 100.000 100.000 Acq/Disp Yield 1.950 Amount 1,000,000.00 355,000.00 249,000.00 390,000.00 Purchased/Sold Interest Total Amount 1,000,000.00 355,000.00 249,000.00 390,000.00 880541XY8 TENNESSEE ST 2.116 Maturity 0.00 TEMECULA VY CALIF UNI MUNI 0.900 Synchrony Bank 0.9 CD 0.900 SOUTH PASADENA CALIF MUNI 2.411 835569GT5 SONOMA CNTY CALIF JR MUNI Maturity 08/01/2026 -155,000.00 100.000 0.854 155,000.00 0.00 155,000.00 SOLANO CALIF CMNTY SOLANO CALIF CMNTY 1 ATTACHMENT A Palo Alto Monthly Transactions 08/01/2026 - 08/31/2026 CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount 802498ZA6 SANTA MONICA-MALIBU MUNI Maturity 08/01/2026 -215,000.00 100.000 1.210 215,000.00 0.00 215,000.00 802309NY6 SANTA MARIA CALIF JT MUNI Maturity 08/01/2026 -455,000.00 -1,250,000.00 -175,000.00 -935,000.00 -175,000.00 -415,000.00 -430,000.00 -435,000.00 -1,980,000.00 -1,365,000.00 100.000 4.652 455,000.00 1,250,000.00 175,000.00 935,000.00 175,000.00 415,000.00 430,000.00 435,000.00 1,980,000.00 1,365,000.00 0.00 455,000.00 1,250,000.00 175,000.00 935,000.00 175,000.00 415,000.00 430,000.00 435,000.00 1,980,000.00 1,365,000.00 SANTA CLARITA CALIF SANTA ANA CALIF SAN RAMON VALLEY SAN MATEO FOSTER CITY MUNI SAN MATEO FOSTER CITY MUNI SAN DIEGUITO CALIF UN MUNI SAN DIEGUITO CALIF UN MUNI SAN DIEGO CALIF CMNTY MUNI RIVERSIDE CALIF CMNTY MUNI 757889EG1 REDWOOD CITY CALIF MUNI Maturity 08/01/2026 -1,095,000.00 100.000 1.751 1,095,000.00 0.00 1,095,000.00 SCH DIST 2.159 08/01/2026 PALOMAR CALIF CMNTY MUNI 697511FD0 PALOMAR CALIF CMNTY MUNI Maturity 08/01/2026 -335,000.00 100.000 2.321 335,000.00 0.00 335,000.00 68609TZT8 OREGON ST 0.984 Maturity 08/01/2026 -250,000.00 100.000 1.310 250,000.00 0.00 250,000.00 ONTARIO CALIF WTR REV MUNI MARIN CALIF CMNTY MUNI -1,000,000.00 1,000,000.00 1,000,000.00 56781RKD8 MARIN CALIF CMNTY Maturity 08/01/2026 -285,000.00 100.000 1.041 285,000.00 0.00 285,000.00 MARIN CALIF CMNTY LOS ANGELES CALIF -2,025,000.00 2,025,000.00 2,025,000.00 359819DN6 FULLERTON CALIF SCH MUNI Maturity 08/01/2026 -1,360,000.00 100.000 2.767 1,360,000.00 0.00 1,360,000.00 FEDERAL FARM CREDIT AGCY BOND 2 ATTACHMENT A Palo Alto Monthly Transactions 08/01/2026 - 08/31/2026 CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount 250433UA5 DESERT SANDS CALIF MUNI Maturity 08/01/2026 -880,000.00 100.000 1.410 880,000.00 0.00 880,000.00 212204LM1 CONTRA COSTA CALIF MUNI 08/01/2026 -1,000,000.00 100.000 0.775 1,000,000.00 0.00 1,000,000.00 CHABOT-LAS POSITAS 142665DJ4 CARLSBAD CALIF UNI Maturity 08/01/2026 -305,000.00 -920,000.00 -1,000,000.00 -290,000.00 100.000 2.890 305,000.00 920,000.00 1,000,000.00 290,000.00 0.00 305,000.00 920,000.00 1,000,000.00 290,000.00 BEVERLY HILLS CALIF UNI MUNI ALPHABET INC 1.998 CORP ALAMEDA CNTY CALIF 4.0 MUNI ---------Maturity 08/02/2026 -24,679,000.00 100.000 1.715 24,679,000.00 0.00 24,679,000.00 Sell CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount 797272RT0 SAN DIEGO CALIF CMNTY MUNI Sell 08/04/2026 0.00 91.197 2.150 0.00 0.00 456,073.04 797272QS3 SAN DIEGO CALIF CMNTY MUNI Sell 08/04/2026 0.00 98.606 1.021 0.00 0.00 251,496.45 ------MUNI Sell 08/04/2026 0.00 ---1.585 0.00 0.00 707,569.49 Summary CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount ------------08/07/2026 5,351,000.00 ---2.930 -5,238,427.93 0.00 -4,530,858.44 3