TO: Honorable Mayor and Members of the City Council
THRU: Trang Nguyen, Finance Director
FROM: Garrett Smith, City Treasurer
1. SUBJECT
title
Investment Portfolio Update for July, August, and September 2026
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2. SUMMARY
These reports provide a compilation of three-monthly Treasurer’s Reports to the City Council for the first quarter of Fiscal Year 2026-2027. Included in the reports are an economic update and detail of the City’s portfolio holdings, monthly transactions, and consolidated information on all cash and investments.
3. RECOMMENDED ACTION
recommendation
Receive and file.
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4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Stability.
6. DISCUSSION AND BACKGROUND
The City’s Fiscal Year 2026-27 Statement of Investment Policy was adopted by the City Council on August 11, 2026 and is in accordance with the California Government Code Sections 53600 et seq. Per the Investment Policy, three monthly investment reports are to be submitted to the City Council within 45 days following the end of the quarter.
As required by the City’s present Investment Policy, the City Treasurer’s report delineates all investments made by the City Treasurer for the City, its special funds, and the Successor Agency funds, by investment type, and by broker.
The monthly Compliance Report certifying compliance of all investments with both the Government Code and the City’s Investment Policy is included.
The Investment Portfolio Statement accurately reflects all investments held by the City and its agents as of the end of the month. A summary of Treasurer’s cash and investments is also included.
Summary of Cash and Investments:
The cash and investment report provides a summary of the cash and investment accounts held by the City as quarter ending September, 2026. As of September, 2026, the book value of the City’s total cash and investment portfolio was $149,416.260, of which approximately $111 million, o...
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