PREPARED BY: CECILIA NGUYEN DATE OF MEETING: 11/17/2025
SUBJECT:
TITLE
TREASURER'S REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2025
CEQA: This proposed action is not a project as defined by CEQA.
Label
CITY MANAGER RECOMMENDATION
Recommendation
Receive and file the Treasurer's Report for the quarter ended September 30, 2025.
BODY
Council Priority Workplan Compliance Statement:
Continue Best Management Practices, Fiscal Excellence, and Fiscal Transparency is an adopted City Council Priority contained in the adopted Fiscal Year 2025-2027 City Council Priority Workplan, effective April 7, 2025.
BACKGROUND
Government Code Section 53607 allows the City Council to delegate authority to an appropriate City officer to invest or reinvest funds of the City, or to sell or exchange the securities so purchased. In doing so, the officer thereafter assumes full responsibility for those transactions until the delegation of authority is revoked or expires. The officer is responsible for reporting those transactions monthly to the legislative body. Additionally, Government Code Section 53646 states that the treasurer or chief fiscal officer may render a quarterly report to the City Council that includes the type of investment, issuer, date of maturity, par and dollar amount invested on all securities, investments and moneys held by the local agency, as well as market value of the investments as of the date of the report.
This report addresses both the monthly and quarterly reporting requirements and brings the City into compliance with each Government Code Section (53607 and 53646).
The City's cash and investment portfolio, at fair market value, as of September 30, 2025 is $101,367,487, of which $765,355 is placed with the State Controller's Local Agency Investment Fund (LAIF), $89,389,986 is placed with Shuster Advisory Group, and $11,212,146 in the City's Mechanics Bank Operating Accounts. The City included the checking account balance as part of the tota...
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