Page 74 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Notes to Financial Statements
For the Year Ended June 30, 2025

Note 3. Cash and Investments (Continued)

As of June 30, 2025, the City had the following investments and original maturities:

Less than 1
Investment Type year 1 to 3 years 3 to 5 years Fair Value
Local Agency Investment Fund $ 65,206,534 $ - $ - $ 65,206,534
California Class 146,434,295 - - 146,434,295
US Treasury Notes 6,710,170 46,786,801 49,482,989 102,979,960
Corporate 5,679,832 19,278,126 41,880,555 66,838,513
US Agency 6,977,440 3,213,989 - 10,191,429
Asset Backed Security 66,904 4,560,416 14,753,248 19,380,568
Supranational 6,714,055 3,659,564 4,833,013 15,206,632
Collateralized Mortgage Obligations 241,193 13,340,082 15,810,320 29,391,595
Municipal Bonds - - 5,194,303 5,194,303
Money Market Funds 1,395,376 - - 1,395,376
Money Market Funds 10,628,831 - - 10,628,831
Totals $ 250,054,630 $ 90,838,978 $ 131,954,428 $ 472,848,036

Concentration of Credit Risk:

The City’s investment policy imposes restrictions on the maximum percentage and amount
that can be invested in certain types of investments. These restrictions are as follows:

Maturity Investment
Investment Type Limit Portfolio in
U.S. Treasury bills, notes and bonds 5 years None None
Government Sponsored Enterprises (GSE’s) or U.S.
Agencies 5 years None None
California State Local Agency Investment Fund n/a None None
Bonds, notes or other indebtedness of the State
agencies in California 5 years None None
Bonds, notes or other indebtedness of local
agencies in California 5 years None 5%
Bankers Acceptances 180 days 40% 5%
Commercial Paper 270 days 40% 5%
Negotiable Certificates of Deposits 5 years 30% 5%
CD Placement Service 5 years 30% 5%
Repurchase Agreements 1 year None 5%
Medium-term Notes (MTN’s) 5 years 30% 5%
Mutual Funds and Money Market Accounts n/a 20% 5%
Collateralized Bank Deposits 5 years None 5%
Mortgage Pass-Through Securities 5 years 20% 5%
Bank/Time Deposits 5 years None 5%
Other Governmental Sponsored Investment Pools n/a None None
Supranationals 5 years 30% 5%

As of June 30, 2025, the City is in compliance with the investment policy restriction.

57