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City of San Leandro City Council Meeting Date: May 6, 2024 Agenda Number: 5.e. Agenda Section: RESPECTFULLY SUBMITTED: ___________________________________ Kelly B. Clancy, CMC City Clerk for the City of San Leandro File Number: 24-144 File Type: Staff Report Adopt a Resolution to Accept the 2023 Fourth Quarter City of San Leandro Investment Report CITY COUNCIL PRIORITY ·Fiscal Sustainability and Transparency SUMMARY City of San Leandro Investment Report for the quarter ending December 31, 2023, is for information only. RECOMMENDATION Staff recommends the City Council adopt a resolution accepting the City’s Investment Report for the quarter ending December 31, 2023. BACKGROUND The purpose of the City of San Leandro Investment Report is to inform the City Council of the investment portfolio status as of the quarter ending December 31, 2023. The City’s Investment Policy Statement requires quarterly reporting on specific investments, amounts invested with approved institutions, purchases, maturity dates and interest yields. Analysis As of December 31, 2023, the City’s investment portfolio had a market value of $222,353,000, which is $9,683,000 higher than the prior quarter, ending on September 30, 2023. The increase was mainly due to receipt from Alameda County in December ($19,739,000) for the first installment of Secured Property Tax, the VLF Swap, and Special Assessments. A total of $33,001,000 of the market value was placed with the Local Agency Investment Fund (LAIF) and other bank accounts. The Chandler Asset Management portfolio totaled $189,352,000 on the same date. The rate of return for cash deposits (LAIF and bank balances) at the end of the quarter was 1.06%, while the average book yield for the Chandler managed funds was 3.42%. The cash Page 1 City of San Leandro Printed on 4/19/2024