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Home My WebLink About04/21/2026 07.B. 2026 1st Quarter Treasury Report 'V ii ii S _� ri :gin.;R nTT,,,....,.,. „. ..:,, :„ , = BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7.B. For Meeting of: April 21, 2026 ITEM TITLE: 2026 1st Quarter Treasury Report SUBMITTED BY: Craig Warner, Director of Finance and Budget* Kimberly Domine, Financial Services Manager SUMMARY EXPLANATION: The Treasury Report for the fourth quarter of 2026 is attached and consists of the following: • 1st Quarter Treasurer's Report • Cash and Investments • Long Term Debt • Interfund Borrowing ITEM BUDGETED: N/A STRATEGIC PRIORITY 24-25: A Resilient Yakima RECOMMENDATION: Review only. Submitted for routine transparency and accountability purposes. ATTACHMENTS: 2026 Q1 Treasury Report.pdf 8 f,„.„...„..;.,...„..„.‘,....,,,‘„,„ •04.., FINANCE Date: April 1, 2026 • '.WPTA To: Mayor and City Council CERTlFlCAI fpexcELLENCE `.. Thru: Victoria Baker, City Manager CITY OF YAKIMA N „1.4,0,, Ili From: Craig Warner, Director of Finance and Budget Kimberly Domine, Financial Services Manager Re: 2026— 1st Quarter Treasury Report This report is to transparently report on the City's cash position and investment activity for the quarter just ended. Each investment is in compliance with the City's Investment Policy, State Statues and City Municipal Code. The City's investment policy was reviewed and approved by City Council on March 5, 2019, and adopted by ordinance on February 1, 2022; and the policy received a Certification of Excellence from the Washington Public Treasurer's Association in February 2019 and again in April 2024. Total Cash and Investments at Quarter-end total $156.3 million: $26.5 million in depository banks, $54.5 million in the State Pool, and $73 million invested. The following chart shows the 5-year trend of total cash and investments month by month (showing only permanent accounts comparable year over year). City of Yakima 5-Year Primary Account Liquidity History 5175,000,000 :::: ,000,000 _ ■ M 11 ■ �� '1l1 EMI ■ ■■ ■■ I I■I■ I hi ,000,000 ■■--■_1' 'i■W b■'�■illildi■giili■1I11IM■Ql■ 1 5100,000,000 - ■ 575,000,000 limo $50,000,000 525,000,00C 50 Cryy nry� T. , Lf uy �[7 I N r1 N N N N it TN l rJ ry m a'7 trD M ; m of V rJ 7 V ,4 N N N uro ua �ry I N ry ry N ry ry N ry r}v ry ry N N N N N N N N N ■Portfolio(par) ❑Primary Acct •Key Checklig ❑UMCheckng 9 FINANCE The City's Investment Portfolio The City's investment activities are governed by State regulations and the City of Yakima's Investment Policy. All investments are in full compliance with the City's Investment Policy, State Statues and City Municipal Code. Calls or Maturities. During last quarter, the following matured or were called at full value: • 1582 $2,000,000 US Treasury matured 1/31/2026, yield 4.45% • 1584 $2,000,000 US Treasury matured 2/15/2026, yield 3.75% • 1587 $2,000,000 FHLB matured 3/13/2026, yield 4.40% Purchases: During the last quarter, the following were purchased: • 1632 $1,000,000 Cisco Corp. to mature 2/26/2029, yield 3.73% • 1633 $1,000,000 FFCB to mature 2/28/2029, yield 3.50% • 1634 $2,000,000 US Treasury to mature 4/30/29, yield 3.50% • 1635 $1,000,000 US Treasury to mature 5/31/29, yield 3.51% • 1636 $1,000,000 MasterCard to mature 6/1/29, yield 3.80% Portfolio and Benchmark Yield and Maturity: Avg. weighted yield of City investments, excluding LGIP: 3.42% LGIP State Pool 30-day yield: 3.71% Weighted average maturity of City investments, excluding LGIP: 343 days Weighted average maturity of LGIP State Pool 30-day yield: 44 days Execution of each investment transaction contemplated ongoing cash flows from city operations, debt obligations, liquid and maturing securities, and contingencies to meet the City's future cash flow requirements. The City's Investment Portfolio consists of three general tiers which coincide with the primary considerations of prudent investing: 1) The Safety portion of the Portfolio consists of funds invested in the Local Government Investment Pool (LGIP, or State Pool) managed by the State Treasurer, available on the same day. This allows for seasonal fluctuations, primarily the April/October inflows of Property Tax and the outflows of debt service and capital projects. 2) The Liquidity portion of the Portfolio consists of demand deposit (checking) accounts at banks which are qualified public depositaries, protected above FDIC-insured balances through the actions of the Washington State Public Deposit Protection Commission (PDPC). 3) The Yield portion of the Portfolio consists of a diversified portfolio of Agencies, Treasuries and/or other authorized investments with staggered maturities of up to five years. Based on analysis of historical cash reserves and budgetary planning, this segment will not be subject to seasonal spending and continues to be safely invested long-term. 2 10 FINANCE Current Rates. As of March 31, 2026, the fixed income market continues to drop with the 1-year treasury earning 3 bases points less than last quarter yielding 3.45% and 3.48% respectively. The 30-day yield of the State Pool dropped from last quarter from 3.86% to 3.71% with the Weighted Average to maturity decreasing from 46 to 44 days. Economic Outlook. The U.S. economy in 2026 is projected to show resilience with moderate growth, supported by Al-driven investment, easing inflation (around 2.7%-3%), and potential rate cuts from the Federal Reserve. Real GDP growth is expected to hover around 1.8% to 2.1%, with unemployment settling near 4.2%-4.4%. However, significant risks include high deficits, elevated debt levels, and potential economic pressures from tariffs. Strategy Notes. The City of Yakima's investments are not typically actively traded, meaning that no attempt to "buy low and sell high" or "time the market" is made. Investments purchased with the intent of providing investment income are intended to be held to maturity, relying on following a prudent course of action for income rather than predicting market direction. Actual % Policy % LGIP 54,537,359 42% 100% Treasuries 31 ,000,000 24% 100% Agencies 32,000,000 25% 100% Municipals 275,000 0% 15% Corporates 12,000,000 90l0 15% 129,812,359 100% Debt Activity All debt payments were paid out as scheduled. A comprehensive city-wide debt report is attached with current balances. Interfund Borrowincis and Investments Borrowing between funds is temporary in nature, reviewed periodically by staff and Council, amended as circumstances change. Currently there are three Interfund Loans. The first loan is to help with the Mill Site Project. It was determined that the Mill Site needed more than the original amount loaned so an increase was given with the payment schedule extended to three years and aligned with the LIFT revenues that are received annually. This loan has been retired and a new smaller loan has taken its place. It's essential to keep some debt on the books to ensure LIFT Match eligibility. The second loan is to help cash flow the Nelson Dam Project. This interfund loan is for three years with monthly payments that started January 2023 and is due to be paid in full September 2025. It was determined that the Nelson Project needed more than the original amount loaned so an increase was given with payment schedule extended out an additional two years. There was a third emergency cash loan dated May 30th to the MLK Pool to help with cash flow due to the timing of donation receipts. 3 11 City of Yakima Cash and Investment Summary March 31, 2026 Current Prior Quarter Prior Year Description 3/31/2026 12/31/2025 3/31/2025 Cash Balances on Hand in Banks 26,479,289.20 $ 22,609,412 $ 22,727,613 Local Government Investment Pool (LGIP) 54,537,359 70,018,011 48,249,639 Investment Portfolio 75,275,000 75,275,000 77,000,000 Total Investments 129,812,359 145,293,011 125,249,639 Total Cash and Investments $ 156,291,648 $ 167,902,423 $ 147,977,252 Beg Balance Purchases Interest Maturities, Calls End Balance Summary of Investment Activity 12/31/2025 & Deposits Reinvested & Withdrawals 3/31/2026 Local Government Investment Pool (LGIP) $ 70,018,011 $ - $ 519,347 $ (16,000,000) $ 54,537,359 Investment Portfolio 75,275,000 6,000,000 - (6,000,000) 75,275,000 Total Investments $ 145,293,011 $ 6,000,000 $ 519,347 $ (22,000,000) $ 129,812,359 Page 1 of 8 2026 Q1 TSO spreadsheet 12 City of Yakima Distribution of Cash and Investments as of 03/31/2016 Depository Banks, $26,479,289 , 17% Investment Portfolio, illor 75,275,000 , 48% Local Government Investment Pool, $54,537,359 , 35% Page 2 of 8 13 City of Yakima Investment Portfolio by Issuer at 3/31/2026 Agencies, 32,000,000, 25% Municipals, 275,000, 0% Corporates, 12,000,000, 9% .4414 Treasuries, 31,000,000, F 24% LGIP, 54,537,359, 42% Diversifying byissuer reduces y' g the credit risk the city is subject to from any one issuer as well as diversifies market price fluctuations which can vary by issuer. Page 3 of 8 2026 Q1 TSO spreadsheet 14 City of Yakima Investment Portfolio-Inventory by Agency March 31, 2026 Expected Days to Call Most Agency Inv# CUSIP Face Value Price Coupon Yield Settle Maturity Maturity Market Type Moodys S&P Fitch Next Call Likely Call FNMA 1583 3135G0K36 2,000,000 1,880,612 2.125 4.040 12/13/22 4/24/26 24 1,997,752 NC Aaa AA+ AAA NC 4/24/26 US T 1588 91282CCF6 2,000,000 1,822,350 0.750 3.800 4/19/23 5/31/26 61 1,989,785 NC Aaa NA AAAu NC 5/31/26 FHLB 1589 3130AVWS7 2,000,000 2,014,500 3.750 3.500 5/5/23 6/12/26 73 1,999,356 NC Aaa AA+ NA NC 6/12/26 FFCB 1590 3133EPPE9 2,000,000 1,975,386 4.375 4.840 8/29/23 7/6/26 97 2,003,090 NC Aaa AA+ AA+ NC 7/6/26 UST 1592 91282CHU8 2,000,000 1,987,798 4.375 4.610 11/9/23 8/15/26 137 2,004,203 NC Aaa NA AAAu NC 8/15/26 FAMCA 1591 31422X6U1 2,000,000 1,987,142 4.625 4.860 9/22/23 9/8/26 161 2,006,378 NC NA NA NA NC 9/8/26 FFCB 1593 3133EJM97 2,000,000 1,917,609 3.350 4.860 11/14/23 10/30/26 213 1,994,118 NC Aaa AA+ AA+ NC 10/30/26 FHLB 1594 3130AXU63 1,000,000 1,008,210 4.625 4.322 12/14/23 11/17/26 231 1,005,127 NC Aaa AA+ NA NC 11/17/26 FAMCA 1595 31424WCQ3 2,000,000 2,024,358 4.500 4.060 12/15/23 12/4/26 248 2,008,155 NC NA NA NA NC 12/4/26 FFCB 1596 3133EPW76 2,000,000 1,995,234 3.875 3.960 1/19/24 1/19/27 294 2,000,106 NC Aaa AA+ AA+ NC 1/19/27 FFCB 1597 3133EP2T1 2,000,000 2,000,000 4.125 4.125 2/12/24 2/12/27 318 2,005,166 NC Aaa AA+ AA+ NC 2/12/27 FFCB 1598 3133EJGF0 2,000,000 1,928,336 3.125 4.420 3/21/24 3/15/27 349 1,987,438 NC Aaa AA+ AA+ NC 3/15/27 FAMCA 1599 31424WHG0 2,000,000 1,996,686 4.800 4.860 4/17/24 4/16/27 381 2,019,672 NC Aaa NA AAAu NC 4/16/27 US T 1600 91282CET4 2,000,000 1,878,000 2.625 4.751 4/17/24 5/31/27 426 1,972,422 NC Aaa NA AAAu NC 5/31/27 FHLB 1603 3130B1EF0 2,000,000 2,007,569 4.625 4.490 5/16/24 6/11/27 437 2,016,504 NC Aaa NA AAAu NC 6/11/27 UST 1606 91282CFB2 2,000,000 1,902,188 2.750 4.450 6/21/24 7/31/27 487 1,971,250 NC Aaa NA AAAu NC 7/31/27 US T 1607 9128282R0 2,000,000 1,885,781 2.250 4.260 7/24/24 8/15/27 502 1,957,031 NC Aaa NA AAAu NC 8/15/27 FHLB 1608 3130ATS40 2,000,000 2,031,865 4.375 3.820 8/13/24 9/10/27 528 2,014,551 NC Aaa AA+ AA+ NC 9/10/27 FNMA 1609 3135G05Y5 2,000,000 1,820,340 0.750 3.800 8/13/24 10/8/27 556 1,908,619 NC Aaa NA AAAu NC 10/8/27 FHLB 1610 3130AMHV7 2,000,000 1,885,600 1.500 3.433 9/25/24 11/18/27 597 1,927,112 NC Aaa NA AAAu NC 11/18/27 UST 1611 91282CBB6 2,000,000 1,829,908 0.625 3.400 9/25/25 12/31/27 640 1,891,250 NC Aaa NA AAAu NC 12/31/27 US T 1612 91282CBJ9 2,000,000 1,808,218 0.750 3.900 10/23/24 1/31/28 671 1,891,641 NC Aaa NA AAAu NC 1/31/28 UST 1613 91282CBP5 2,000,000 1,810,965 1.125 4.240 11/18/24 2/29/28 700 1,901,250 NC Aaa NA AAAu NC 2/29/28 US T 1614 91282CBS9 2,000,000 1,829,448 1.250 4.020 12/4/24 3/31/28 731 1,900,703 NC Aaa NA AAAu NC 3/31/28 FHLB 1615 3130ALYS7 1,000,000 919,138 1.750 4.420 1/13/25 4/26/28 757 958,447 NC Aaa AA+ NA NC 4/26/28 FHLB 1616 3130ALZZ0 1,000,000 926,589 2.000 4.420 1/13/25 4/28/28 759 961,634 NC Aaa AA+ NA NC 4/28/28 UST 1617 91282CHE4 2,000,000 1,951,875 3.625 4.416 2/13/25 5/31/28 792 1,990,859 NC Aaa NA AAAu NC 5/31/28 WMT 1618 931142EE9 2,000,000 1,980,560 3.700 4.020 3/25/25 6/26/28 818 1,986,664 MW Aa2 AA+ AA 3/26/28 6/26/28 J Deere 1619 24422EXB0 2,000,000 2,058,940 4.950 3.960 4/30/25 7/14/28 836 2,035,575 NC Al A A+ NC 7/14/28 CRBG 1629 00138CBG2 1,000,000 1,005,200 4.250 4.048 11/14/25 8/21/28 874 991,605 NC Aaa AA+ AA+ NC 8/21/28 US T 1620 91282CHX2 2,000,000 2,025,489 4.375 3.955 5/20/25 8/31/28 884 2,023,359 NC Aaa NA AAAu NC 8/31/28 Toyota 1621 89236TLB9 1,000,000 1,036,580 5.250 4.020 6/27/25 9/11/28 895 1,022,768 NC Al A+ A+ NC 9/11/28 BNWM 1624 06406GAA9 1,000,000 973,334 3.000 3.900 8/27/25 10/30/28 944 965,349 MW A2 A- A 7/30/28 10/30/28 UST 1626 91282CDF5 1,000,000 939,100 1.375 3.452 9/18/25 10/31/28 945 940,352 NC Aaa NA AAAu NC 10/31/28 UST 1628 91282CDL2 2,000,000 1,885,625 1.500 3.460 10/23/25 11/30/28 975 1,883,125 NC Aaa NA AAAu NC 11/30/28 WFC 1622 33738MAB7 1,000,000 1,059,640 6.500 4.570 7/14/25 12/1/28 976 1,042,517 NC Aa3 NA A NC 12/1/28 King GO 1623 49474FF96 275,000 254,708 1.690 4.047 7/14/25 12/1/28 976 259,465 MW Aaa AAA AAA NC 12/1/28 NYLIFE 1630 64952WFF5 1,000,000 1,023,200 4.700 3.920 11/14/25 1/29/29 1,035 1,007,287 NC Aal AA+ AAA NC 1/29/29 UST 1627 91228CDW8 1,000,000 946,000 1.750 3.463 9/18/25 1/31/29 1,037 943,672 NC Aaa NA AAAu NC 1/31/29 PACCAF 1625 69371RS80 1,000,000 1,022,210 4.600 3.900 8/27/25 1/31/29 1,037 1,011,237 NC Al A+ NA NC 1/31/29 CISCO 1632 17275RBR2 1,000,000 1,031,800 4.850 3.730 1/15/26 2/26/29 1,063 1,016,855 MW Al AA- NA 1/26/29 2/26/29 FFCB 1633 3133EP4A0 1,000,000 1,021,940 1.250 3.500 1/15/2026 2/28/29 1,065 1,009,537 NC Aal AA+ AA+ NC 2/28/29 UST 1631 91282CKG5 2,000,000 2,040,880 4.125 3.460 12/17/25 3/31/29 1,096 2,014,609 NC Aaa NA AAAu NC 3/31/29 UST 1634 91282CEM9 2,000,000 1,962,000 2.875 3.504 2/12/26 4/30/29 1,126 1,942,500 NC Aaa NA AAAu NC 4/30/29 UST 1635 91282CKT7 1,000,000 1,029,890 4.500 3.510 3/10/26 5/31/29 1,157 1,018,320 NC Aaa NA AAAu NC 5/31/29 MasterC 1636 57636QAM6 1,000,000 974,390 2.950 3.800 3/10/26 6/1/29 1,158 960,921 MW Aa3 A+ NA 3/1/29 6/1/29 Subtotal 46 75,275,000 73,297,190 Avg. 74,359,337 LGIP LGIP NA 54,537,359 54,537,359 4.600 4.60% NA NA 14 54,537,359 NC NA NA NA NA NA Grand Totals $129,812,359 $ 127,834,549 3.76% 349 $128,896,695 Page 4 of 8 2026 Q1 TSO spreadsheet 15 Page 5 of 8 City of Yakima Investment Portfolio Maturity Distribution at 03/31/2026 $5,000,000 Diversifying by maturity $4,500,000 reduces the re-investment risk the city is subject to in any given month when an $4,000,000 investment matures and the principal is reinvested at rates $3,500,000 available at that moment. $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 CiD CD (0 (0 (0 (0 (0 (0 CD I I I I N I I I I I N N CO CO CO CO CO CO CO CO CO CO CO CO rn rn rn rn O N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N >, C - GO Q a"' > C) C ? C - GO Q a"' > �.) C ? C - GO Q a"' > a C _ ? f0 7 - 7 U) U O U) f0 C) f0 O- f0 7 7 U/ U O U) f0 C) f0 O_ f0 7 7 U/ U O U) f0 C) f0 Q f0 a g , a 0 z 0 , g a g , a 0 z 0 u_ g a g , a c 0 z 0 g a g Page 5 of 8 2026 Q1 TSO spreadsheet 16 City of Yakima Investment Portfolio-Detail of Activity March 31,2026 Beginning Additions and Calls and Ending Agency Inv# Face Value Purchases Maturities Face Value Farmer Mac FAMCA 1591 2,000,000 2,000,000 FAMCA 1595 2,000,000 2,000,000 FAMCA 1599 2,000,000 2,000,000 FAMCA Total 6,000,000 - - 6,000,000 Federal Farm Credit Bureau FFCB 1590 2,000,000 2,000,000 FFCB 1593 2,000,000 2,000,000 FFCB 1596 2,000,000 2,000,000 FFCB 1597 2,000,000 2,000,000 FFCB 1598 2,000,000 2,000,000 FFCB 1633 1,000,000 1,000,000 FFCB Total 10,000,000 1,000,000 - 11,000,000 Federal Home Loan Bank FHLB 1587 2,000,000 (2,000,000) - FHLB 1589 2,000,000 2,000,000 FHLB 1594 1,000,000 1,000,000 FHLB 1603 2,000,000 2,000,000 FHLB 1608 2,000,000 2,000,000 FHLB 1610 2,000,000 2,000,000 FHLB 1615 1,000,000 1,000,000 FHLB 1616 1,000,000 1,000,000 FHLB Total 13,000,000 - (2,000,000) 11,000,000 Municiple Bonds King County Muni 1623 275,000 275,000 Municiple Bonds 275,000 - - 275,000 Federal National Management Association FNMA 1583 2,000,000 2,000,000 FNMA 1609 2,000,000 2,000,000 FNMA Total 4,000,000 - - 4,000,000 US Treasury US Treasury 1582 2,000,000 (2,000,000) - US Treasury 1584 2,000,000 (2,000,000) - US Treasury 1588 2,000,000 2,000,000 US Treasury 1592 2,000,000 2,000,000 US Treasury 1600 2,000,000 2,000,000 US Treasury 1606 2,000,000 2,000,000 US Treasury 1607 2,000,000 2,000,000 US Treasury 1611 2,000,000 2,000,000 US Treasury 1612 2,000,000 2,000,000 US Treasury 1613 2,000,000 2,000,000 US Treasury 1614 2,000,000 2,000,000 US Treasury 1617 2,000,000 2,000,000 US Treasury 1620 2,000,000 2,000,000 US Treasury 1626 1,000,000 1,000,000 US Treasury 1627 1,000,000 1,000,000 US Treasury 1628 2,000,000 2,000,000 US Treasury 1631 2,000,000 2,000,000 US Treasury 1634 2,000,000 2,000,000 US Treasury 1635 1,000,000 1,000,000 US Treasury 32,000,000 3,000,000 (4,000,000) 31,000,000 Corporate Notes Walmart 1618 2,000,000 2,000,000 J Deere 1619 2,000,000 2,000,000 Toyota 1621 1,000,000 1,000,000 Wells Fargo 1622 1,000,000 1,000,000 Bank NYM 1624 1,000,000 1,000,000 PACCAR 1625 1,000,000 1,000,000 Corebridge 1629 1,000,000 1,000,000 Cisco 1632 1,000,000 1,000,000 Mastercard 1636 1,000,000 1,000,000 NY Life 1630 1,000,000 1,000,000 Corporate Total 10,000,000 2,000,000 - 12,000,000 Subtotal 75,275,000 6,000,000 (6,000,000) 75,275,000 Other Investments - - - - LGIP(State Pool) LGIP 70,018,011 519,347 (16,000,000) 54,537,359 Other Investment Totals 70,018,011 519,347 (16,000,000) 54,537,359 'Grand Totals $145,293,011 $ 6,519,347 $(22,000,000) $ 129,812,359 Page 6 of 8 2026 Q1 TSO spreadsheet 17 City of Yakima Long Term Debt Schedule-by Project Group March 31,2026 Date Issued Maturity Description Note Amount of Issue Current Balance General Obligation Bonds 6/20/2013 12/1/2028 Street Project Demonstration(Refunded) Various City street improvements 3,500,000 1,122,182.770 9/24/2018 6/1/2035 Soccer Complex(Refunded) City portion of SOZO Sports Complex 4,440,127 2,975,396.260 9/24/2018 12/1/1942 2018 Aquatic Center YMCA City portion of Aquatic Center 8,009,873 7,600,177.450 4/21/2020 12/1/2032 2020B Capital Theatre 09 Refunded 2020B Capital Theatre 09 Refunded 4,910,000 2,850,000.000 4/21/2020 12/1/2044 2020B Convention Center Addition 2020B Convention Center Addition 12,620,000 10,530,000.000 4/21/2020 12/1/2044 2020B Convention Center Addition III Refui 2020B Convention Center Addition III Refunded 2,495,000 2,080,000.000 Subtotal General Obligation Bonds 35,975,000 27,157,756.480 Certificate of Participation-State of Washington 9/28/2017 6/1/2027 Energy Project 2017 Energy Project(lighting) 921,683 220,382.060 7/21/2020 6/1/2035 Energy Project 2020 Energy Efficiency Project(lighting) 1,415,000 1,055,000.000 9/28/2017 6/1/2027 Fire Aerial&Pump App Fire Aerial 1,268,053 303,201.820 Subtotal Certificates of Participation 3,604,736 1,578,583.880 Revenue Bonds 4/21/2020 12/1/2034 2020 Ref 04 Irrigation 2020 Ref 04 Irrigation 3,260,000 2,125,000.000 4/21/2020 12/1/2027 2020 Ref 08 WS Rev 2020 Ref 08 WS Rev 2,590,000 730,000.000 Subtotal Revenue Bonds 5,850,000 2,855,000.000 Intergovernmental Loans 8/14/2009 7/1/2028 PC-08-951-052 2009 Railroad Grade Separation 3,000,000 495,300.760 5/6/2010 6/1/2034 L1000030-0 2010 Railroad Grade Separation 1,229,295 631,673.830 6/17/2014 5/1/2034 Comm Center Move City portion of County GO Bonds 1,716,500 920,000.000 6/1/2016 6/1/2027 '16 Yak Co SIED-SOZO 2016 Yakima Co SIED Loan-SOZO 900,000 204,314.520 7/17/2018 6/1/2029 '18 Yak Co SIED-River Rd. 2018 Yakima Co SIED-River Rd Improvements/Aquatics Center 500,000 229,307.030 3/2/2021 6/1/2032 21 Yak Co Seid-SOZO 2021 Yakima Co SEID Loan SOZO 1,000,000 746,414.850 3/14/2023 6/1/2035 22 Yak Co Seid-Russell Lane 2023 Yak Co Seid-Russell Lane 416,000 416,000.000 12/15/2023 6/1/2036 23 Yak Co Seid-Chief Hops 2023 Yak Co Seid-Chief Hops 312,500 312,500.000 4/30/2007 6/1/2027 PW-07-962-019 2007 Ultra Violet Disinfection 2,300,000 242,777.770 4/15/2009 6/1/2028 PC-08-951-051 2009 New Water Well 2,257,200 363,446.480 10/10/2011 3/31/2033 L1100008 2011 Energy Efficiency 516,192 219,857.000 8/1/2011 7/1/2034 L1200019 2012 Industrial Waste Anaerobic 587,173 298,629.270 6/1/2012 6/1/2031 PC-12-951-065 2012 Wastewater Treatment Plan 5,000,000 1,614,474.840 10/11/2012 6/1/2037 PC-13-961-059 2012 Industrial Sewer Extensions 2,000,000 976,076.580 8/5/2013 6/1/2032 PC-13-961-074 2013 Automated Reading System 5,000,000 1,842,105.260 12/31/2021 6/1/2039 PC20-96103-044 2020 Waterline Improvements 1,737,906 1,351,704.940 12/12/2013 10/1/2034 DM-11-952-038 2013 Design WTP Lagoons 3,514,800 1,581,660.020 Subtotal Intergovernmental Loans 31,987,566 12,446,243.150 Grand Total 77,417,302 44,037,583.510 Page 7 of 8 2026 Q1 TSO spreadsheet 18 City of Yakima Interfund Borrowing March 31,2026 Original Beginning Ending Description Balance Balance Issued Retired Balance 323-Millsite #3 176,000.00 147,129.83 - 147,129.83 479-Nelson Dam 6,299,691.00 1,666,666.60 250,000.02 1,416,666.58 331-MLK Pool 250,000.00 250,000.00 - 250,000.00 Total across all funds 6,725,691.00 2,063,796.43 - 250,000.02 1,813,796.41 Per Ordinance#2013-011 Tempory Interfund Loans to help with cash flow. Page 8 of 8 2026 Q1 TSO spreadsheet 19 i Imo! FINANCE Committee Review of Investment Rationale Date: January 14, 2026 Investment # 2026-1632 is a 5-year Cisco Systems Bond, face value $1,000,000, maturing February 26, 2029, 4.85% coupon, purchased at a premium of 103.18 to yield 3.730. This trade settles on January 15, 2026, with Time Value Investments, Inc., US Bank Safekeeping, reducing our elevated LGIP position caused by called maturities during 2025. Liquidity: On December 31st, month-end, Key Bank checking account balance was $12.9 million, US Bank checking balance was $5.4 million, and the investment portfolio was $75.3 million (Treasuries, Corporates and Agencies). Current LGIP balance was $70.0 million. Safety: This purchase is a debt issue of the Cisco Systems Corporation, equivalent to AA- /Al rating by S&P and Moody's. Yield. Yield is 3.730. This investment is 7 basis points under LGIP and 2 bases point under the 5-year treasury, and 16 bases points over the 3-year treasury, seeking to protect yield in an uncertain environment. Comparable yields are: LGIP current 30-day yield 3.799% www.secureaccess.wa.gov 5-year Treasury 3.750% Treasury.gov _ 3-year Treasury 3.570% Treasury.gov Callability. This investment has a make whole call (MW-10). Diversification. This purchase brings this issuer to 7% of total portfolio. Outlook. The Federal Reserve is expected to lower interest rates in 2026, with forecasts pointing to one or two cuts, though some economists predict no cuts as the Fed balances inflation with a stabilizing labor market, leading to varied market expectations. While many analysts see further easing, the pace and extent depend heavily on incoming economic data relating to inflation and jobs. Investment Committee review: //'.'2 Finance Director: Date i��s��°2 1- City Manag • Date ( j a�1120tP 20 ( 1) 0 FINANCE Committee Review of Investment Rationale Date: January 14, 2026 Investment # 2026-1633 is a 5-year Federal Farm Credit Bank Bond, face value $1,000,000, maturing February 28, 2029, 4.25% coupon, purchased at a premium of 102.194 to yield 3.500. This trade settles on January 15, 2026, with Time Value Investments, Inc., US Bank Safekeeping, reducing our elevated LGIP position caused by called maturities during 2025. Liquidity: On December 31st, month-end, Key Bank checking account balance was $12.9 million, US Bank checking balance was$5.4 million, and the investment portfolio was $75.3 million (Treasuries, Corporates and Agencies). Current LGIP balance was $70.0 million. Safety: This purchase is a debt issue of a government-sponsored enterprise (GSE), that carries an explicit Federal guarantee, equivalent to AA+/Aa1 /AA+ rating by S&P, Moody's and Fitch. Yield. Yield is 3.500. This investment is 29 basis points under LGIP and 25 bases point under the 5-year treasury, and 7 bases points under the 3-year treasury, seeking to protect yield in an uncertain environment. Comparable yields are: LGIP current 30-day yield 3.799% www.secureaccess.wa.gov 5-year Treasury 3.750% Treasury.gov 3-year Treasury 3.570% Treasury.gov Callability. This investment is not callable (a bullet). Diversification. This purchase brings this issuer to 7% of total portfolio. Outlook. The Federal Reserve is expected to lower interest rates in 2026, with forecasts pointing to one or two cuts, though some economists predict no cuts as the Fed balances inflation with a stabilizing labor market, leading to varied market expectations. While many analysts see further easing, the pace and extent depend heavily on incoming economic data relating to inflation and jobs. Investment Committee review: / / Finance Director: CF"--2 Date it, . /74 24 City Manager: Date I I DII ., 21 ki 11.7) FINANCE Committee Review of Investment Rationale Date: February 11, 2026 Investment#2026-1634 is a 7-year US Treasury,face value$2,000,000, maturing April 30, 2029, 2.88% coupon, purchased at a discount of 98.10 to yield 3.5044. This trade settles on February 12, 2026, with KeyBanc Capital Markets, Inc., US Bank Safekeeping, reducing our elevated LGIP position caused by called maturities during 2026. Liquidity: On January 31st, month-end, Key Bank checking account balance was $14.1 million, US Bank checking balance was $11.1. million, and the investment portfolio was $75.3 million (Treasuries, Corporates and Agencies). Current LGIP balance was $54.2 million. Safety: This purchase is a debt issue of the Federal Government, equivalent to Aaa/AA+ rating by Moody's and S&P. Yield. Yield is 3.5045. This investment is 25 basis points under LGIP and 20 bases point under the 5-year treasury, and par with the 3-year treasury, seeking to protect yield in an uncertain environment. Comparable yields are: LGIP current 30-day yield 3.7515% www.secureaccess.wa.gov 5-year Treasury 3.7000% Treasury.gov 3-year Treasury 3.5000% Treasuni.gov Callability. This investment is not callable (a bullet). Diversification. This purchase brings this issuer to 24% of total portfolio. Outlook. The 2026 economic outlook projects moderate, resilient growth, with the US economy expected to outperform, growing by 2.5% to 2.6%. Key drivers include AI-driven productivity, tax reforms, and potential interest rate cuts, though, Goldman Sachs notes that inflation (potentially impacted by tariffs) and a slow job market remain key risks. Investment Committee review: L, Finance Director: __.- > `�',` _____ Date Z / _ f City Manage Date Of n-i 20DCp 22 r ! _L„. •,„,„,,, , ii- .,..i ,,,, FINANCE Committee Review of Investment Rationale Date: March 9, 2026 Investment# 2026-1635 is a 5-year US Treasury, face value $1,000,000, maturing May 31, 2029, 4.25% coupon, purchased at a premium of 102.989 to yield 3.5101. This trade settles on March 10, 2026, with Time Value Investments, Inc., US Bank Safekeeping, reducing our elevated LGIP position caused by called maturities during 2026. Liquidity: On February 28th, month-end, Key Bank checking account balance was $15.7 million, US Bank checking balance was $10.6 million, and the investment portfolio was $75.3 million (Treasuries, Corporates and Agencies). Current LGIP balance was $54.4 million. Safety: This purchase is a debt issue of the Federal Government, equivalent to Aa1/AA+ rating by Moody's and Fitch. Yield. Yield is 3.51. This investment is 21 basis points under LGIP and 21 bases point under the 5-year treasury, and 8 bases points under the 3-year treasury, seeking to protect yield in an uncertain environment. Comparable yields are: LGIP current 30-day yield 3.7275% www.secureaccess.wa.gov 5-year Treasury 3.72000% Treasury.gov 3-year Treasury 3.5900% Treasury.gov Callability. This investment is not callable. Diversification. This purchase brings this issuer to 24% of total portfolio. Outlook. The U.S. economy in 2026 is projected to show resilience with moderate growth, supported by AI-driven investment, easing inflation (around 2.7%-3%), and potential rate cuts from the Federal Reserve. Real GDP growth is expected to hover around 1.8% to 2.1%, with unemployment settling near 4.2%-4.4%. However, significant risks include high deficits, elevated debt levels, and potential economic pressures from tariffs. Investment Committee review: Finance Director: !,._ f .. Date 3/g/ City Manage .� �. �r Date r2. 1 OVante c 23 • FINANCE Committee Review of Investment Rationale Date: March 9, 2026 Investment # 2026-1636 is a 10-year Mastercard Inc bond, face value $1,000,000, maturing June 1, 2029, 2.95% coupon, purchased at a deep discount of 97.439 to yield 3.8001. This trade settles on March 10, 2026, with Time Value Investments, Inc., US Bank Safekeeping, reducing our elevated LGIP position caused by called maturities during 2026. Liquidity: On February 28th, month-end, Key Bank checking account balance was $15.7 million, US Bank checking balance was $10.6 million, and the investment portfolio was $75.3 million (Treasuries, Corporates and Agencies). Current LGIP balance was $54.4 million. Safety: This purchase is a debt issue of the Mastercard Corporation, equivalent to A+/Aa3 rating by S&P and Moody's. Yield. Yield is 3.8001. This investment is 8 basis points over LGIP and 8 bases point over the 5-year treasury, and 21 bases points over the 3-year treasury, seeking to protect yield in an uncertain environment. Comparable yields are: LGIP current 30-day yield 3.7275% J www.secureaccess.wa.gov 5-year Treasury 3.72000% Treasury.gov 3-year Treasury 3.5900% 1 Treasury.gov Callability. This investment has a make whole call (MW-10). Diversification. This purchase brings Corporate Bonds to 9% of total portfolio. Outlook. The U.S. economy in 2026 is projected to show resilience with moderate growth, supported by Al-driven investment, easing inflation (around 2.7%-3%), and potential rate cuts from the Federal Reserve. Real GDP growth is expected to hover around 1.8% to 2.1%, with unemployment settling near 4.2%— 4.4%. However, significant risks include high deficits, elevated debt levels, and potential economic pressures from tariffs. Investment Committee review: Finance Director: /47 " Date 3/9/ 67 City Manager: Date 3 I 1 (o 24