TO: AC Transit Board of Directors
FROM: Salvador Llamas, General Manager/Chief Executive Officer
SUBJECT: Monthly Report on Investments for June and July
BRIEFING ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider receiving the Monthly Report on Investments for the months of June and July 2025.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
The Monthly Report on Investments is provided to the Board of Directors to demonstrate 1) the District's compliance with Investment Policy Guidelines; and 2) the District's ability to meet its liquidity needs in the near term.
BUDGETARY/FISCAL IMPACT:
There are no budgetary or fiscal impacts associated with this report.
BACKGROUND/RATIONALE:
As of June 30, 2025, the District had the following investments:
Money Market (General Fund - Principal)
$ 8.16 Million
Money Market (General Fund - Small banks)
$ 1.82 Million
Money Market (Other - Principal)
$ 16.01 Million
Treasury Bills and Notes
$ 205.52 Million
LAIF
$ 0.05 Million
As of July 31, 2025, the District had the following investments:
Money Market (General Fund - Principal)
$ 8.95 Million
Money Market (General Fund - Small banks)
$ 1.82 Million
Money Market (Other - Principal)
$ 17.04 Million
Treasury Bills and Notes
$ 206.02 Million
LAIF
$ 0.05 Million
In compliance with Section 15.0 of Board Policy 349, Investment Policy, the Monthly Report on investments for June and July is forwarded to the Board of Directors for review.
The portfolio detailed in the report complies with Board Policy 349, and the District is well-positioned to meet its expenditure obligations over the next six months. Investment returns have aligned with the federal funds rate, as the District's funds are primarily invested in Treasury bills and money market accounts. So far in 2025,...
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