TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:
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Monthly Investment Transaction Report for August 2026
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ABSTRACT
The August 2026 Monthly Investment Transaction Report is submitted to the City Council in compliance with California Government Code Section 53607, which requires monthly disclosure of investment activity. The report summarizes the City’s long-term investment activity managed by Chandler Asset Management, short-term investments held with the Local Agency Investment Fund, and earnings from the Wells Fargo Cash Sweep Program and the JPMorgan Chase Account.
As of August 31, 2026, the City’s total ending book value for investment accounts held with Chandler Asset Management and Local Agency Investment Fund was $222,192,534.18. Additionally, the Cash Sweep Programs generated $146,600.49 in earnings for August.
RECOMMENDATION
recommendation
Receive and file the Monthly Investment Transaction Report for August 2026.
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PRIOR ACTION/VOTE
None.
STRATEGIC ALIGNMENT
This item aligns with the City Council to: maintaining a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency relating to an administrative priority. Fulfills California Government Code Section 53607, ensuring all active investment transactions are officially accounted for and reported to the City Council within a transparent timeframe.
DISCUSSION
This report is filed with the City Council in compliance with Government Code Section 53607, which states that a monthly report of transactions related to the purchase, sale, or exchange of securities is made monthly to the legislative body. The City of Murrieta (City) has both long-term and short-term investments. The City’s managed investment portfolio is for longer-term investments and is managed by Chandler Asset Management. The Local Agency Investment Fund ...
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