HomeMy WebLinkAbout020326-06.3
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ADMINISTRATIVE STAFF REPORT 6.3
TO: Mayor and Town Council February 3, 2026
SUBJECT: November 2025 Month End Treasurer’s Report
BACKGROUND
The California Government Code and the Town of Danville’s Investment Policy require
that a report specifying the investment activity during the month, as well as the month-end
investment balances, be prepared and presented to the Town Council on a monthly basis.
DISCUSSION
Beginning and Ending Cash and Investment Balances for the month of November 2025:
Oct Nov Oct Nov
2025 2025 2025 2025
Town Funds $105,855,059 $104,457,753 $107,582,476 $106,293,049
Trust Funds 1,994,162 1,982,867 1,994,162 1,982,867
Assessment & SA 1,513,054 1,513,869 1,518,893 1,520,425
Total Cash & Investments 109,362,275 $107,954,489 $111,095,531 $109,796,341
Total Cash & Investments
Year-to-Year Comparison
2024 $114,573,632 $112,526,428 $115,019,628 $113,063,567
Cost Basis Market Value
Purchases for the month of November 2025 consisted of one ALPHABET INC. for
$394,660 (maturity date November 15, 2028) and one U.S. Treasury for $1,995,469
(maturity date October 15, 2028).
There were no purchases for the NERIAD Fund for the month of November 2025.
Maturities for the month of November 2025 included one MICROSOFT CORP for
$970,060 and one U.S Treasury for $1,655,840.
Partial maturities (principal paid down) for the month of November 2025 included one
Federal Home Loan Mortgage Corporation K-069 A2 for $1,892, one Toyota Auto
Receivables Trust 2023-D A3 for $14,611, one GM Financial Auto Receivables 2022-2 A3
November 2025 Treasurer’s Report 2 February 3, 2026
for $9,210, one GM Financial Auto Leasing 2023-3 A3 for 15,652, and one BMW Vehicle
Owner Trust 2023-A A3 for $9,355.
There were no maturities for NERIAD Fund for the month of November 2025.
The Town’s net cash position changed from $9,362,792 to $8,251,899 during the month of
November 2025. This consisted of operating expenses in excess of operating revenues of
-$1,715,299, net funds invested of -$286,491, premium/discount recognition of $74,178
and interest received of $243,737.
Cash requirements have been projected for the next 12 months, and the Town is in a
position to meet its cash requirements.
All investments that the Town owns are in compliance with the California Government
Code and the Town’s Investment Policy.
PUBLIC CONTACT
Posting of the meeting agenda serves as notice to the general public.
RECOMMENDATION
Accept the November 2025 Month End Treasurer’s Report.
Prepared by:
Lani Ha
Finance Director/Treasurer
Reviewed by:
Tai Williams
Town Manager
Attachment: November 2025 Month End Treasurer’s Report
Town of Danville
Treasurer's Report of Investments - Summary
November 30, 2025
Yield to
Description Par Value Cost Market Value % Total Maturity
TOWN FUNDS
U.S. Treasury Obligations 46,850,000$ 45,689,656$ 46,593,789$ 44%3.94%
Federal Agency Issues 18,250,000 18,201,818 18,414,973 17%4.24%
Cash Equivalents 8,251,899 8,251,899 8,251,899 8%3.32%
Collateralized Mortgage Obligation 8,829,117 8,494,894 8,772,695 8%4.48%
Asset-Backed Securities 4,830,645 4,829,940 4,877,555 5%4.93%
Commercial Paper 0 0 0 0%0.00%
Negotiable CD 0 0 0 0%0.00%
Supranational 3,425,000 3,382,970 3,437,938 3%4.30%
US Corporate 15,910,000 15,606,576 15,944,200 15%4.68%
Total / Weighted Average 106,346,661$ 104,457,753$ 106,293,049$ 100%4.16%
Maturities
0 - 30 Days 8,251,899$ 8%
31-60 1,098,803 1%
61 - 90 748,805 1%
91 - 120 0 0%
121 - 180 3,381,532 3%
181 - 270 7,785,802 7%
271 - 365 6,538,629 6%
1 - 2 Years 29,280,192 28%
2 - 3 28,868,958 27%
3 - 5 20,338,429 19%
Over 5 Years 0%
106,293,049$ 100%
Total / Weighted Average
Town Funds Weighted Average Quality is AAA
Page 1
Town of Danville
Treasurer's Report of Investments - Summary
November 30, 2025
Description Par Value Cost Market Value % Total
TRUST FUND
Cash Equivalents 1,982,867$ 1,982,867$ 1,982,867$ 100%
CDA/SUCCESSOR AGENCY
Cash Equivalents 475,334$ 475,334$ 475,334$ 100%
Total 475,334$ 475,334$ 475,334$ 100%
ASSESSMENT DISTRICTS
NERIAD
Federal Agency Issues -$ -$ -$ 0%
U.S. Treasury Obligations 975,000 966,410 972,966 93%
Cash Equivalents 72,125 72,125 72,125 7%
Subtotal 1,047,125$ 1,038,535$ 1,045,091$ 100%
Total 1,047,125$ 1,038,535$ 1,045,091$ 100%
SUMMARY TOTAL
Town Funds 106,346,661$ 104,457,753$ 106,293,049$
Trust Fund 1,982,867 1,982,867 1,982,867
CDA/Successor Agency 475,334 475,334 475,334
NERIAD 1,047,125 1,038,535 1,045,091
Summary Total 109,851,987$ 107,954,489$ 109,796,341$
Page 2
Town of Danville
Treasurer's Report of Investments
CDA
Town Funds Trust Funds Successor Agency NERIAD Total
Beginning Balance, at cost 105,855,059$ 1,994,162$ 474,199$ 1,038,855$ 109,362,275$
Purchases, at cost
ALPHABET INC.394,660 394,660
U.S. Treasury 1,995,469 1,995,469
-
-
-
- -
Sales/Maturations/Call
MICROSOFT CORP (970,060) (970,060)
U.S. Treasury (1,655,840) (1,655,840)
-
-
Redemption (50,719) (50,719)
Premium/Discount 74,178 74,178
Interest Received 243,737 1,183 160 245,080
Net change in Cash (1,428,731) (11,295) (48) (480)(1,440,554)
Realized gains (losses)-
Ending Balance, at cost 104,457,753$ 1,982,867$ 475,334$ 1,038,535$ 107,954,489$
November 30, 2025
Page 3
Town of Danville
Treasurer's Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
Federal Agency Issues
FFCB Note 06/22/2023 06/23/2026 2,000,000 1,997,620 2,007,102 4.42%88,400
FFCB Note 08/09/2023 08/14/2026 1,500,000 1,496,550 1,508,213 4.58%68,700
FHLB Note 11/30/2023 11/17/2026 1,000,000 1,002,530 1,008,912 4.53%45,300
FHLB Note 06/26/2024 06/11/2027 1,000,000 1,001,530 1,013,900 4.57%45,700
FFCB Note 12/08/2023 10/04/2027 1,500,000 1,504,500 1,525,433 4.41%66,150
FFCB Note 11/09/2023 11/15/2027 1,750,000 1,743,508 1,785,683 4.73%82,775
FHLB Note 05/15/2023 12/10/2027 1,500,000 1,536,930 1,521,181 3.66%54,900
FHLB Note 05/07/2025 03/10/2028 2,000,000 1,957,320 1,977,948 3.80%76,000
FFCB Note 04/27/2023 04/25/2028 1,500,000 1,507,905 1,509,297 3.76%56,400
FHLB Note 07/06/2023 06/09/2028 1,500,000 1,467,705 1,518,763 4.49%67,350
FHLB Note 04/26/2024 03/09/2029 1,500,000 1,484,775 1,544,946 4.74%71,100
FFCB Note 09/17/2024 09/10/2029 1,500,000 1,500,945 1,493,595 3.49%52,350
Subtotal 18,250,000$ 18,201,818$ 18,414,973$ 4.24%775,125$
Collateralized Mortgage Obligation
FHLMC K063 A2 06/06/2023 01/25/2027 1,000,000 965,625 994,393 4.47%44,700
FHLMC K066 A2 05/18/2023 06/25/2027 1,000,000 958,984 989,319 4.28%42,800
FHLMC K068 A2 05/12/2023 08/25/2027 1,000,000 970,820 990,171 3.98%39,800
FHLMC K069 A2 12/27/2023 09/25/2027 1,109,117 1,067,828 1,096,688 4.27%47,359
FHLMC K073 A2 05/24/2023 01/25/2028 720,000 691,988 713,793 4.34%31,248
FHLMC K074 A2 12/18/2024 01/25/2028 1,000,000 974,922 995,117 4.45%44,500
FHLMC K081 A2 09/05/2023 08/25/2028 1,000,000 957,969 1,002,204 4.85%48,500
FHLMC K082 A2 10/30/2023 09/25/2028 1,000,000 940,742 1,002,270 5.31%53,100
FHLMC K090 A2 03/27/2025 02/25/2029 1,000,000 966,016 988,740 4.36%43,600
Subtotal 8,829,117$ 8,494,894$ 8,772,695$ 4.48%395,607$
U.S. Treasury Obligations
U.S. Treasury Notes 07/13/2022 12/31/2025 1,100,000 1,079,031 1,098,803 3.20%35,200
U.S. Treasury Notes 08/03/2022 03/31/2026 1,800,000 1,753,523 1,790,879 2.99%53,820
U.S. Treasury Notes 09/08/2022 04/30/2026 1,600,000 1,542,500 1,590,653 3.42%54,720
U.S. Treasury Notes 11/22/2024 07/31/2026 1,750,000 1,749,180 1,757,110 4.40%77,000
U.S. Treasury Notes 06/07/2023 09/30/2026 2,000,000 1,848,984 1,966,754 4.09%81,800
U.S. Treasury Notes 02/20/2025 10/15/2026 1,750,000 1,759,912 1,764,236 4.26%74,550
U.S. Treasury Notes 11/28/2022 03/31/2027 1,450,000 1,363,566 1,429,836 4.00%58,000
U.S. Treasury Notes 05/17/2024 04/15/2027 2,000,000 1,995,469 2,024,454 4.58%91,600
U.S. Treasury Notes 05/13/2025 05/15/2027 2,000,000 1,937,734 1,966,796 4.01%80,200
U.S. Treasury Notes 10/05/2022 06/30/2027 1,500,000 1,451,309 1,493,379 4.00%60,000
U.S. Treasury Notes 06/21/2024 07/31/2027 2,000,000 1,901,875 1,974,532 4.46%89,200
U.S. Treasury Notes 01/20/2023 08/31/2027 1,600,000 1,568,438 1,589,062 3.59%57,440
U.S. Treasury Notes 03/08/2023 09/30/2027 1,250,000 1,234,131 1,263,281 4.44%55,500
U.S. Treasury Notes 10/17/2024 01/31/2028 1,300,000 1,284,105 1,300,000 3.90%50,700
U.S. Treasury Notes 09/27/2024 02/15/2028 1,500,000 1,464,141 1,476,563 3.51%52,650
U.S. Treasury Notes 11/08/2024 03/31/2028 1,000,000 982,344 1,003,008 4.19%41,900
U.S. Treasury Notes 12/30/2024 05/31/2028 1,750,000 1,711,445 1,755,674 4.33%75,775
U.S. Treasury Notes 12/13/2024 08/31/2028 1,000,000 1,004,102 1,022,813 4.25%42,500
November 30, 2025
Page 4
Town of Danville
Treasurer's Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
November 30, 2025
U.S. Treasury Notes 09/29/2025 09/15/2028 2,000,000 1,985,469 1,993,750 3.64%72,800
U.S. Treasury Notes 11/10/2025 10/15/2028 2,000,000 1,995,469 2,000,000 3.58%71,600
U.S. Treasury Notes 09/16/2025 10/31/2028 2,000,000 1,875,547 1,883,126 3.50%70,000
U.S. Treasury Notes 04/10/2024 11/15/2028 1,800,000 1,687,078 1,781,366 4.66%83,880
U.S. Treasury Notes 10/27/2025 04/30/2029 2,000,000 1,955,234 1,958,204 3.56%71,200
U.S. Treasury Notes 09/05/2024 05/31/2029 1,200,000 1,155,984 1,169,390 3.60%43,200
U.S. Treasury Notes 10/29/2024 07/31/2029 1,500,000 1,493,320 1,523,322 4.10%61,500
U.S. Treasury Notes 03/05/2025 08/31/2029 2,000,000 1,923,750 1,970,390 4.06%81,200
U.S. Treasury Notes 06/03/2025 11/30/2029 2,000,000 1,989,141 2,023,204 4.01%80,200
U.S. Treasury Notes 07/30/2025 12/31/2029 2,000,000 1,996,875 2,023,204 3.91%78,200
Subtotal 46,850,000$ 45,689,656$ 46,593,789$ 3.94%1,846,335$
Cash Equivalents
Wells Fargo Trsry Plus M Mkt - reserve fund (2001 COP)507,441 507,441 507,441 3.42%17,354
Wells Fargo Trsry Plus M Mkt - reserve fund (2005 COP)358,681 358,681 358,681 3.45%12,374
Bank of New York 3,001,349 3,001,349 3,001,349 3.45%103,547
US Bank 946,464 946,464 946,464 0.00%0
LAIF 3,437,965 3,437,965 3,437,965 4.10%140,819
Subtotal 8,251,899$ 8,251,899$ 8,251,899$ 3.32%274,095
Asset-Backed Securities
GM Financial Consumer Auto Receiv 2022-2 A3 04/05/2022 02/16/2027 4,651 4,650 4,648 3.13%146
GM Finacial Automobile Leasing Trust 2025-1 A3 02/05/2025 02/21/2028 405,000 404,952 408,198 4.66%18,873
BMW Vehicle Owner Trust 2023-A A3 07/11/2023 02/25/2028 82,353 82,339 82,888 5.47%4,505
BMW Vehicle Lease Trust 2025-1 A3 06/03/2025 06/26/2028 250,000 249,995 251,826 4.82%12,050
Toyota Auto Receivables Owner 2023-D A3 11/07/2023 08/15/2028 223,641 223,617 225,953 5.61%12,546
Chase Issuance Trust 2023-1 A 09/07/2023 09/15/2028 995,000 994,724 1,004,619 5.23%52,039
BMW Vehicle Owner Trust 2024-A A3 06/04/2024 02/26/2029 420,000 419,936 423,940 5.18%21,756
Bank of America Credit Card Trust 2024-1 A 06/06/2024 05/15/2029 475,000 474,973 482,493 4.93%23,418
John Deere Owner Trust 2025 A3 03/04/2025 09/17/2029 470,000 469,971 473,625 5.09%23,923
BMW Vehicle Owner Trust 2025-A A3 02/04/2025 09/25/2029 635,000 634,937 640,903 4.56%28,956
Honda Auto Receivables 2025-2 Owner Trust 04/29/2025 10/15/2029 310,000 309,965 311,551 4.15%12,865
Mercedes-Benz Auto Receivables Trust 2025-1 01/14/2025 12/17/2029 560,000 559,881 566,911 4.84%27,104
Subtotal 4,830,645$ 4,829,940$ 4,877,555$ 4.93%238,180$
Page 5
Town of Danville
Treasurer's Report of Investments - Detail
Town Funds
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
November 30, 2025
Supranational
International Finance Corp Note 11/29/2023 01/15/2027 925,000 921,985 931,841 4.49%41,533
Inter-American Dev Bank Note 01/30/2024 02/01/2027 1,000,000 1,004,020 1,007,925 4.23%42,300
International Bank For Reconstruction and Dev 03/11/2024 07/12/2028 1,500,000 1,456,965 1,498,172 4.23%63,450
Subtotal 3,425,000$ 3,382,970$ 3,437,938$ 4.30%147,283$
US Corporate
Apple Inc Callable Note Cont 02/01/2023 02/23/2026 750,000 728,265 748,805 4.27%32,025
Toyota Motor Credit Corp 02/08/2024 06/18/2026 1,000,000 921,800 985,103 4.68%46,800
Paccar Financial Corp Note 08/03/2023 08/10/2026 515,000 514,743 518,840 5.07%26,111
Bank of America NA Callable Note Cont 08/24/2023 08/18/2026 1,000,000 1,001,360 1,009,434 5.48%54,800
Morgan Stanley Bank NA Callable Note 10/30/2023 10/30/2026 440,000 440,000 447,173 5.88%25,872
Honeywell Intl Callable Note 01/11/2023 11/01/2026 1,000,000 933,280 987,592 4.42%44,200
Pepsico Inc. Callable Note Cont 11/08/2023 11/10/2026 360,000 359,903 363,961 5.13%18,468
JP Morgan Chase Bank Callable Note 12/05/2023 12/08/2026 405,000 405,000 409,483 5.11%20,696
John Deere Capital Corp 01/10/2024 01/08/2027 1,000,000 999,220 1,007,601 4.53%45,300
Cisco Systems Inc 02/26/2024 02/26/2027 1,000,000 999,620 1,011,772 4.81%48,100
State Street Corp 03/13/2024 03/18/2027 1,065,000 1,065,000 1,079,219 4.99%53,144
Caterpillar Financial Service Note 05/15/2024 05/14/2027 1,000,000 1,002,930 1,016,595 4.89%48,900
Blackrock Funding Inc 07/17/2024 07/26/2027 690,000 689,979 698,724 4.60%31,740
Amazon.com Inc 07/10/2024 08/22/2027 1,000,000 954,920 991,196 4.73%47,300
Visa Inc 08/19/2024 09/15/2027 1,000,000 960,360 984,261 4.14%41,400
Paccar Financial Corp Note 08/04/2025 08/08/2028 540,000 539,681 543,068 4.02%21,708
Alphabet Inc. 11/03/2025 11/15/2028 395,000 394,660 397,360 3.91%15,445
Pepsico INC. 07/29/2025 01/15/2029 1,000,000 997,580 1,006,651 4.18%41,800
Bank of New York Mellon Corp 02/12/2025 02/01/2029 1,250,000 1,240,750 1,264,962 4.81%60,125
Apple Inc.03/05/2025 09/11/2029 500,000 457,525 472,400 4.29%21,450
Subtotal 15,910,000$ 15,606,576$ 15,944,200$ 4.68%745,382$
TOTAL 106,346,661$ 104,457,753$ 106,293,049$ 4.16%4,422,006$
Source:
Chandler Asset Management
US Bank
Local Agency Investment Fund (LAIF)
Page 6
Town of Danville
Treasurer's Report of Investments - Detail
November 30, 2025
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
Cash Equivalents
LAIF 1,982,867 1,982,867 1,982,867 4.10%81,218
TOTAL 1,982,867$ 1,982,867$ 1,982,867$ 4.10% $81,218
Source:
Local Agency Investment Fund (LAIF)
Trust Fund
Page 7
Town of Danville
Treasurer's Report of Investments - Detail
November 30, 2025
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
Cash Equivalents
LAIF - redemption fund 82,777 82,777 82,777 4.10%3,391
Wells Fargo Trsry Plus M Mkt - reserve fund (TRBs)378,880 378,880 378,880 3.29%12,465
Wells Fargo Trsry Plus M Mkt - interest acct (TRBs)436 436 436 3.45%15
Wells Fargo Trsry Plus M Mkt - debt service acct (TRBs)13,242 13,242 13,242 3.45%457
Subtotal 475,334$ 475,334$ 475,334$ 3.43%16,328$
TOTAL 475,334$ 475,334$ 475,334$ 3.43%16,328$
Source:
BNY Trust Company
Local Agency Investment Fund (LAIF)
Community Development Agency/Successor Agency
Page 8
Town of Danville
Treasurer's Report of Investments - Detail
Yield to Annual
Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest
U.S. Treasury Obligations
U.S. Treasury Bill 12/16/2024 12/15/2025 250,000 249,385 249,996 4.26%10,650
U.S. Treasury Bill 3/27/2025 3/31/2026 225,000 217,582 222,775 4.12%9,270
U.S. Treasury Bill 6/11/2025 6/15/2026 250,000 249,970 250,551 4.14%10,350
U.S. Treasury Bill 9/16/2025 9/30/2026 250,000 249,473 249,644 3.71%9,275
Subtotal 975,000$ 966,410$ 972,966$ 4.06%39,545$
Cash Equivalents
LAIF - improvement fund 53,120 53,120 53,120 4.10%2,176
Bank of New York-Improvement fd 19,005 19,005 19,005 3.45%656
Subtotal 72,125$ 72,125$ 72,125$ 3.93%2,831$
Total 1,047,125$ 1,038,535$ 1,045,091$ 4.05%42,376$
Source:
Chandler Asset Management
BNY Trust Company
Local Agency Investment Fund (LAIF)
Northeast Roadway Improvement Assessment District (NERIAD)
November 30, 2025
Page 9