DATE: June 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: City Treasurer's Office
TITLE: CITY TREASURER'S REPORT - QUARTER ENDED MARCH 31, 2025 AND ADOPTION OF THE CITY OF OCEANSIDE INVESTMENT POLICY
RECOMMENDATION
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The City Treasurer and staff recommend that the City Council accept the City Treasurer's Report for the quarter ended March 31, 2025, and adopt a resolution approving the City of Oceanside Investment Policy.
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BACKGROUND AND ANALYSIS
The City's Investment Policy requires the City Treasurer to submit a quarterly investment report to the City Council which provides full disclosure of the City's investment activities.
The goal of the City Treasurer's Office is to make investments in conformity with the investment policy adopted by the City Council on June 26, 2024. The quarterly City Treasurer's report is intended to provide an awareness of the activity and performance of the City's investment portfolio.
As of March 31, 2025, the City had $19,960,271 in its operating account, $1,035,196 in Local Agency Investment Fund (LAIF), and $67,661,808 in California Asset Management Program (CAMP). The City has adequate funds to meet its cash flow requirements for the next six months.
The book value of the City's investment portfolio at the quarter ended March 31, 2025, was $523,558,450 (book value is the cost of the security plus any amortization or accumulation of premiums or discounts). The March 31, 2025, portfolio book value increased by $25.8 million (or 5.2 percent) over the March 31, 2024, portfolio book value. As shown in the following table, the book value of the City's primary investment portfolio has increased by $4.2 million from the prior quarter ended December 31, 2024. As of March 31, 2025, the average purchase yield to maturity was 3.57 percent for this account
City of Oceanside
Rolling Quarterly Comparison
Mar 31, 2025
Dec 31, 2024
Sept 30, 2024
June 30, 2024
Mar 31, 2024
Book Value
$523,558,450
$519,3...
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