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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Treasurer's Report - Quarter 2 of Fiscal Year 2025/26
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ABSTRACT
The Fiscal Year 2025/26 Treasurer's Report for Quarter 2 (October-December 2025) is presented in compliance with California Government Code Section 53646(b) and the City's Investment Policy. As of December 31, 2025, the City's investment portfolio had a total market value of $158.3 million, a book value of $154.1 million, and a stable yield-to-maturity of 4.35%. The LAIF balance totaled $62.0 million, after a $60 million transfer to the account late in the quarter, and had a yield of 4.09%. The Wells Fargo Cash Sweep Program generated $980k in quarterly earnings.
RECOMMENDATION
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Receive the Fiscal Year 2025/26 Treasurer's Reports for Quarter 2 (October - December 2025).
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PRIOR ACTION/VOTE
On August 19, 2025, the City Council received the Treasurer's Report for Quarter 4 of Fiscal Year 2024/25.
On November 18, 2025, the City Council received the Treasurer's Report for Quarter 1 of Fiscal Year 2025/26.
CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
DISCUSSION
Pursuant to Government Code Section 53646(b) and the City of Murrieta (City) Investment Policy, the Finance Department renders a quarterly investment report to the City Council concerning the investment portfolio's earnings and performance results. The City contracts with Chandler Asset Management to manage the City's investment portfolio and to advise on all investment-related matters. The purpose of this report is to present the investment earnings for the period October 1, 2025, through December 31, 2025 (Quarter 2).
Total Portfolio Composition
The portfolio comprises available cash balances from over 100 separate funds. The balances are trac...
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