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Audit Commission approves quarterly investment report after Chandler presents 6% annualized outperformance
Summary
Carl, a Chandler representative, told the Tustin City Audit Commission the city’s financial assets totaled about $251.3 million as of Dec. 31, 2025; Chandler-managed assets were about $123.5 million and outperformed on an annualized basis (~6.04%). The commission approved the report 5-0.
Carl, a representative from Chandler, presented the Dec. 31, 2025 quarterly investment report to the Tustin City Audit Commission on Jan. 22, reviewing recent economic data and portfolio performance.
Carl said national indicators showed improvement: the unemployment rate had fallen to about 4.4% from a recent 4.6% reading and initial jobless claims were near 200,000. He noted the Bureau of Economic Analysis revised third-quarter GDP to 4.4% in a second revision and said those data, together with easing inflation, support a potential Federal Reserve pause.
On the portfolio, Carl reported total financial-asset market value across city-managed and Chandler-managed accounts at about $251,278,000 as of Dec. 31, 2025. He said the Chandler-managed portion was about $123,534,000, with an annualized return of roughly 6.04% and a three-month rolling (non-annualized) average of about 1.11%.
Carl told commissioners the portfolio complies with California Government Code and the city’s investment policy and has liquidity sufficient to cover roughly six months of expected distributions. In response to a commissioner question, he said the primary source of the portfolio increase since Sept. 30 was a mid-December land transaction with the Irvine Company for approximately $50,000,000.
The commission moved to approve the quarterly investment report; the vote was unanimous, 5-0.
