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 March 2026
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ABSTRACT
The March 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 JPMorgan Chase Demand Deposit Account.
As of March 31, 2026, the City's total ending book value for investment accounts held with Chandler Asset Management and Local Agency Investment Fund was $218,266,370.90. Additionally, the Cash Sweep and Demand Deposit Account Programs generated $175,058.07 in earnings for March.
RECOMMENDATION
recommendation
Receive and file the Monthly Investment Transaction Report for March 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.
PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).
CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly.
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...
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