FINANCIAL_SERVICESONGOING

City of Rancho Santa Margarita Staff Report Investment Report for the Month of May 2026 2026-06-24

City Continues Investments in State LAIF Pool

$19,402,550 invested as of May 31, 2026City of Rancho Santa MargaritaSTATE OF CALIFORNIAJune 24, 2026

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Description

Rancho Santa Margarita continues to invest $19.4 million in the State of California's Local Agency Investment Fund, earning 3.81% in May 2026. The LAIF program provides same-day liquidity and state-guaranteed security for city funds.

Contract Details

Contract Amount

$19,402,550 invested as of May 31, 2026

Vendor

STATE OF CALIFORNIA

Agency

City of Rancho Santa Margarita, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 24, 2026

Contract Term

On demand participation in Local Agency Investment Fund (LAIF)

Renewal Info

Participation in LAIF is ongoing with no fixed maturity; funds may be added or withdrawn on demand under State Treasurer program rules.

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