City Council Agenda
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Memo to: |
Manteca City Council |
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From: |
Matthew Boring, Finance Director |
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Prepared by: |
Melissa Munoz, Assistant Finance Director |
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Date: |
November 17, 2026 |
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Subject: |
Receive and File the Quarterly Investment Report |
Recommendation:
title
Receive and file the quarterly investment report for the period ending September 30, 2026
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Background:
The attached investment report (Attachment 1) provides an overview of the City’s investments as of September 30, 2026. This report was prepared by the City’s investment advisor, PFM Asset Management, who assists with the management of the City’s investment portfolio. The City’s strategy is to maintain sufficient cash to manage day-to-day activities and to utilize PFM to focus on longer-term investment activities.
All funds have been invested in compliance with California Government Code sections 53601 et seq. and with the Investment Policy approved by the City Council in August 20256.
This report also includes a consolidated summary of all the City’s liquid assets as of September 30, on page 07. A summary comparing the past two quarters of balances has also been provided below:
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Cash Trustee/Agent |
Balance on 06/30/26 |
Balance on 9/30/26 |
% Change |
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PFM |
$276,984,229 |
$292,224,466 |
5.50% |
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LAIF |
$54,929,535 |
$55,465,743 |
0.98% |
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CAMP Pool |
$78,063,718 |
$78,816,646 |
0.96% |
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JP Morgan Chase |
$15,018,533 |
$50,659,714 |
237.31% |
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Wells Fargo |
$77,217,558 |
$93,745 |
-99.88% |
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TOTAL |
$502,213,573 |
$477,260,314 |
-4.97% |
I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the next six-months’ estimated expenditures.
The investment of City funds is governed by California Government Code Sections 53600-53647 which provides that the legislative body shall approve the investment policy. The City’s Investment Policy was last reviewed and approved by the City Council in August 2026.
Fiscal Impact:
There is no fiscal impact associated with this item.
Documents Attached:
Attachment 1 - Investment Report September 30, 2026