Laguna Woods opens $1 million CAMP account as city diversifies investments; treasurer reports $14.38 million in cash and investments
August 21, 2025 | Laguna Woods City, Orange County, California
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City Treasurer Liz reported Aug. 20 that the city’s total cash and investments as of July 31, 2025, totaled $14,376,003.65. The general fund operating cash and investments were approximately $7.8 million, general fund reserves $3,753,700, special‑revenue funds $2,828,472, and pooled money investments included $66,328,001.40 noted in the treasurer’s report.
The treasurer told council that, following the recent closure of an Orange County IP (OSIP) account, staff evaluated alternatives and opened an initial $1,000,000 investment with the California Asset Management Program (CAMP) to diversify the city’s investments in line with its investment policy. CAMP is administered by PFM Asset Management and is marketed as a local government investment pool; staff said CAMP offers same‑day liquidity for wires submitted by 11 a.m., monthly interest distributions, no minimum investment requirement and an S&P AAA rating. CAMP representatives also told the council the pool carries fees taken from assets (about 9–10 basis points as discussed in the presentation), and that detailed monthly holdings and yield histories are available publicly on CAMP’s website.
Council received and filed the treasurer’s quarterly financial report (unaudited figures as of June 30) and the CAMP presentation. The treasurer noted that higher interest income and cannabis business tax receipts (reported at $1,053,638 for FY 2024–25) contributed to revenue performance. Staff said they will monitor CAMP performance over the next 30 days before considering further investments and will continue to balance investments between CAMP and other pools depending on market conditions.
Council accepted the reports with a motion to receive and file; no additional action was required beyond opening the CAMP account and continuing monitoring.
Key figures from the treasurer's presentation are included in the city’s August financial packet.
The treasurer told council that, following the recent closure of an Orange County IP (OSIP) account, staff evaluated alternatives and opened an initial $1,000,000 investment with the California Asset Management Program (CAMP) to diversify the city’s investments in line with its investment policy. CAMP is administered by PFM Asset Management and is marketed as a local government investment pool; staff said CAMP offers same‑day liquidity for wires submitted by 11 a.m., monthly interest distributions, no minimum investment requirement and an S&P AAA rating. CAMP representatives also told the council the pool carries fees taken from assets (about 9–10 basis points as discussed in the presentation), and that detailed monthly holdings and yield histories are available publicly on CAMP’s website.
Council received and filed the treasurer’s quarterly financial report (unaudited figures as of June 30) and the CAMP presentation. The treasurer noted that higher interest income and cannabis business tax receipts (reported at $1,053,638 for FY 2024–25) contributed to revenue performance. Staff said they will monitor CAMP performance over the next 30 days before considering further investments and will continue to balance investments between CAMP and other pools depending on market conditions.
Council accepted the reports with a motion to receive and file; no additional action was required beyond opening the CAMP account and continuing monitoring.
Key figures from the treasurer's presentation are included in the city’s August financial packet.
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