TO: Honorable Mayor and Members of the City Council
FROM: Enrique C. Zaldivar, City Manager
DATE: December 21, 2022
SUBJECT: Approval of Employment Agreement with Ana Karina Rueda for the Position of Human Resources/Risk Manager
SUMMARY
The attached Agreement for Human Resources/Risk Manager (“Agreement”) with Ana Karina Rueda is presented for approval by the City Council ascertaining the terms and conditions of employment.
RECOMMENDATION
Staff recommends that the City Council approve the Agreement with Ana Karina Rueda for the position of Human Resources/Risk Manager and authorize the Mayor and City Clerk to execute it.
FISCAL IMPACT
There is no fiscal impact as the Human Resources/Risk Manager position has remained vacant since the retirement of the previous incumbent on September 15, 2022 and budgeted funds remain available.
BACKGROUND
Upon the position becoming vacant in September of this year, the City initiated a recruitment to solicit a pool of qualified candidates. Following a thorough review and vetting of the applicants, including an oral interview panel with a combination of internal and outside raters, Ms. Rueda w as ranked among the top three candidates. Following a second interview with the Chief Executive Officer, Ms. Rueda was selected as the finalist. Ms. Rueda has the qualifications and experience for this position. If approved, the Agreement will be effective December 27, 2022.
The Agreement sets the monthly base pay compensation for the Human Resources/Risk Manager at $10,098.51 per month which is Step 3 of the salary range as per the City of Baldwin Park Comprehensive Pay Schedule. The Human Resources/Risk Manager position is expressly defined as “At-Will” and the employee shall serve at the pleasure of the City Council and Chief Executive Officer.
ALTERNATIVES
There are no alternatives.
LEGAL REVIEW
This report has been reviewed and approved by the City Attorney as to legal form and content.
ATTACHMENTS
1. Ana Karina Rueda Human Resources/Risk Manager Agreement
STAFF REPORT
ITEM NO. _______20__________
TO: Honorable Mayor and Members of the City Council
FROM: Enrique C. Zaldivar, City Manager
DATE: December 21, 2022
SUBJECT: Approval of Employment Agreement with Fabiola Zelaya Melicher for the Position of City Planner
SUMMARY
The attached Agreement for City Planner (“Agreement”) with Fabiola Zelaya Melicher is presented for approval by the City Council ascertaining the terms and conditions of employment.
RECOMMENDATION
It is recommended that the City Council approve the Agreement with Fabiola Melicher for the position of City Planner and direct the Mayor and City Clerk to execute it.
FISCAL IMPACT
There is no fiscal impact as the City Planner position has remained vacant since June of 2022 at which time the prior incumbent was promoted to the Community Development Director position, and budgeted funds remain available.
BACKGROUND
Upon the position becoming vacant in June of this year, the City initiated a recruitment to solicit a pool of qualified candidates. Following a thorough review and vetting of the applicants, including an oral interview panel with outside raters, Ms. Melicher was r anked among the top three candidates. Following a second interview with the Community Development Director and the Chief Executive Officer, Ms. Melicher was selected as the finalist. Ms. Melicher has the qualifications and experience for this position. If approved, the Agreement will be effective December 27, 2022.
The Agreement sets the monthly base pay compensation for the City Planner at $9,701.37 per month which is Step 5 of the salary range as per the City of Baldwin Park Comprehensive Pay Schedule. The City Planner position is expressly defined as “At -Will” and the employee shall serve at the pleasure of the City Council and Chief Executive Officer.
ALTERNATIVES
There is no alternative.
LEGAL REVIEW
This report has been reviewed and approved by the City Attorney as to legal form and content.
ATTACHMENTS
1. Fabiola Zelaya Melicher City Planner Agreement
STAFF REPORT
ITEM NO. _____SA-1________
TO: Chair and Members of the Successor Agency
FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Successor Agency To The Dissolved Community
Development Commission of The City of Baldwin Park
Warrants and Demands
SUMMARY
Attached is the Warrants and Demands Register for the Successor Agency to the Dissolved Community Development Commission of the City of Baldwin Park to be ratified by the City Council.
RECOMMENDATION
Staff recommends that the Board ratify the attached Warrants and Demands Register.
FISCAL IMPACT
The total of the attached Warrants Register for Successor Agency of the City of Baldwin Park was $3211.50.
BACKGROUND
The attached Claims and Demands the required information as set out in the California Government Code. Staff has reviewed the requests for expenditures for the appropriate budgetary approval and for the authorization from the department head or its designee. Pursuant to Section 37208 of the California Government Code, the Chief Executive Officer or his/her designee does hereby certify to the accuracy of the demands hereinafter referred. Payments released since the previous meeting and the following is a summary of the payment released:
1. The November 4 to December 8, 2022, Su ccessor Agency Warrant with check number 13594 through 13599 in the total amount of $3211.50 was made on behalf of Successor Agency of the City of Baldwin Park constituting of claim and demand against the Successor Agency of the City of Baldwin Park, are herewith presented to the City Council as required by law, and hereby ratified.
LEGAL REVIEW
This report has been reviewed and approved by the City Attorney as to legal form and content.
ATTACHMENTS
1. Check Register
STAFF REPORT
ITEM NO. ______SA-2________
TO: Chair and Members of the Successor Agency
FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Treasurer’s Report – October 2022
SUMMARY
Attached is the Treasurer’s Report for the month of October 2022. The Treasurer’s Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City’s Investment Policy and the California Government Code.
RECOMMENDATION
Staff recommends that the Board receive and file the Treasurer’s Report for October 2022.
FISCAL IMPACT
None
BACKGROUND
City of Baldwin Park Investment Policy requires the Treasurer’s Report be submitted to the Mayor and City Council on a monthly basis.
LEGAL REVIEW
Not Applicable
ATTACHMENTS
1. Exhibit “A”, Treasurer’s Report
ESTIMATED
INVESTMENT INTEREST P URCHASE MATURITY PAR CURRENT BOO K MARKET
DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE
State of California Local Agency Investment Fund (LAIF) City-Including General Fund & all other Special Revenue Funds 1.772% Varies Varies 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ Housing Authority 1.772% Varies Varies 14,209.07 14,209.07 14,209.07 14,209.07 40,072,610.55 40,072,610.55 40,072,610.55 40,072,610.55 Federal Farm CR BKS Bond 4.125% 9/26/2022 10/17/2023 3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00 Mutual Securities
3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00
US Bank - Debt Service Trustee Accounts
Fiscal Agent Funds (Trust/Debt Service Fund) Varies Varies Varies 6,752,606.05 6,752,606.05 6,752,606.05 6,752,606.05 Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fund) Varies Varies Varies 2,671.48 2,671.48 2,671.48 2,671.48 6,755,277.53 6,755,277.53 6,755,277.53 6,755,277.53
$ 49,827,888.08 $ 49,827,888.08 $ 49,827,888.08 $ 49,808,778.08 Total Investments $ 49,827,888.08
Cash with Bank of the West
8,000,012.28
7,001,769.93
659,904.72
333,203.12
830,142.99
Total Cash with Bank of the West 16,825,033.04
Investment Brokerage Capital Reserves (Divdend Option Cash) 258,959.79
Total Cash and Investments $ 66,911,880.91
* In accordance with AB X126,the Community Development Commission is dissolved effective January 31, 2012.
The successor agency name is "The City of Baldwin Park as Successor Agency to the Community Development Commission of the City of Baldwin Park".
*
There was no investment maturity/purchase transactions made for the month of October 2022 and several deposits/withdrawals were made through the Local Agency Investment Fund.
In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy.
Approved by:
Rose Tam
Director of Finance
CITY OF BALDWIN PARK
TREASURER'S REPORT
10/31/2022
City Miscellaneous Cash (W/C, P/R)
City Checking (General)
Money Market Plus
Successor Agency
Housing Authority
STAFF REPORT
ITEM NO. ______SA-3_________
TO: Honorable Mayor and Members of the City Council
FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Approval Of The Recognized Obligation Payment Schedule (ROPS 23-24) For The Period From July 1, 2023 T o June 30, 2024 And Administrative Budget
SUMMARY
With the dissolution of local redevelopment agencies, the current state law requires the City Council acting as the governing body of the Successor Agency (SA) to the Dissolved Community Development Commission of the City of Baldwin Park (“CDC”) with respect to redevelopment agency matters to review and approve an annual Recognized Obligation Payment Schedule (ROPS). After review and approval by the City Council acting as the Successor Agency, the ROPS must be approved by the Oversight Board and submitted to the County Auditor -Controller, the State Department of Finance (DOF), and the State Controller’s Office. The Successor Agency is also required to approve an administrative budget in an amou nt not to exceed the maximum permitted under the Redevelopment Dissolution Act. Attached is the ROPS 23 -24 for the period from July 1, 2023 through June 30, 2024 and the Administrative Budget for Fiscal Year 2023-24 for the Successor Agency’s Board approval.
RECOMMENDATION
Staff recommends the City Council, as governing body of the SA:
1. Approve the estimated ROPS 23 -24 for the period of July 1, 2023 through June 30, 2024 and replace the final ROPS 23-24 once the State DOF fixes its website for the ROPS template; and,
2. Adopt the Successor Agency Administrative Budget for Fiscal Year 2023-24; and,
3. Adopt Resolution N0. 2022-020
4. Direct staff to proceed with submitting the final ROPS 23 -24 to the LA County First District Consolidated Oversight Board for approval no later than January 9, 2023; and,
5. Send the approved ROPS 23-24 to the County Executive Office, County Auditor Controller, the State Controller, and DOF by February 1, 2023; and,
6. Instruct staff to post the approved ROPS 23-24 on the City’s website.
FISCAL IMPACT
There is no fiscal impact to the General Fund. The SA is requesting to receive an estimated $1,500,000 for the Fiscal Year 2023-24 enforceable obligations from the Redevelopment Property Tax Trust Fund (RPTTF) distributed by the County of Los Angeles per AB 26. However, these amounts are subject to approval of the California Department of Finance (DOF).
BACKGROUND
Assembly Bill X1 26 (“AB 26”) was drafted with recognition that redevelopment agencies had a variety of debts and obligations that still must be met in order to avoid causing harm to the persons to whom
those debts and obligations are owed. Successor agencies are supposed to receive tax revenues from the county auditors in order to ensure those obligations, referred to in AB 26 as “enforceable obligations,” will be met. In order to enable the County of Los Angeles to determine how much tax revenue a successor agency needs to meet its enforceable obligations; AB 26 requires the preparation of a series of schedules of enforceable obligations.
Under AB 26, a ROPS must be prepared and presented to the City Council as the governing body of the successor agency for approval for each six-month period, from January 1 through June 30 and from July 1 through December 31, until all of the Commission’s enforceable obligations have been paid in full. However, pursuant to the recently adopted SB 107, a single annual ROPS must now be submitted for each fiscal year from July 1 through June 30. The approved ROPS is then submitted to the LA County First District Consolidated Oversight Board for approval. Following Oversight Board approval, the ROPS is sent to the Department of Finance and other agencies. On June 27, 2012, AB 1484 was enacted providing technical amendments, new rules and new deadlines for the redevelopment dissolution process.
As such, the SA must submit an Oversight Board approved ROPS 23-24 for the period of July 1, 2023 through June 30, 2024 to the DOF no later than February 1, 2023. If the ROPS is not submitted on time, there will be a civil penalty of $10,000 per day for every day that the ROPS is not submitted to the DOF. The penalty is to be paid to the County Auditor-Controller for distribution to the taxing entities.
The SA must notify the County Executive Officer, the County Auditor Controller, and DOF, at the same time the SA submits a proposed action to the Oversight Board for approval. Also, all actions taken by the Oversight Board must be adopted by resolution.
ALTERNATIVES
State Law requires the City Council acting as Board Members of the SA to the Dissolved Community Development Commission to approve the ROPS 23-24 in order for the City to pay for CDC’s obligations and administrative costs. If the ROPS 23-24 are not approved and submitted to the DOF by February 1, 2023 there is civil penalty of $10,000 a day until it is submitted. In addition, the SA would be unable to pay the obligations. This would cause former RDA bonds to go into default.
LEGAL REVIEW
This report has been reviewed and approved by the City Attorney as to legal form and content.
ATTACHMENTS
1) ROPS 23-24 for the period from July 1, 2023 to June 30, 2024 (will be submitted once the State DOF website is fixed for the agency to download the ROPS)
2) Successor Agency Administrative Budget FY 2023-24
3) RESOLUTION NO. 2022-020
Admin Cost
Hourly
Rate
A
n
n
u
aSA Hours
% of Time
Spent on SA
Successor Agency: Non-Housing
Personnel Cost
City Council (Includes Mayor) 4,872$ N/A N/A 2.00% City Treasurer $ 687 N/A N/A 2.00%
City Clerk $ 687 N/A N/A 2.00%
Chief Deputy City Clerk $ 1,221 $ 58.70 21 1.00% Chief Executive Officer $ 3,936 $ 189.25 21 1.00% Director of Community Development $ 5,037 $ 121.07 42 2.00% Management Analyst $ 2,700 $ 64.90 42 2.00% Human Resources / Risk Manager $ 1,780 $ 85.55 21 1.00% Human Resources Technician $ 982 $ 47.21 21 1.00% Director of Finance $ 47,321 $ 151.67 312 15.00% Accounting Manager $ 3,537 $ 85.02 42 2.00% Accountant $ 1,305 $ 62.73 21 1.00%
Accountant $ 3,839 $ 61.52 62 3.00%
Management Analyst $ 6,546 $ 62.94 104 5.00% Payroll Specialist $ 3,461 $ 55.47 62 3.00% Senior Finance Clerk $ 1,071 $ 51.47 21 1.00% Senior Finance Clerk $ 1,102 $ 52.98 21 1.00% Senior Finance Clerk $ 912 $ 43.86 21 1.00% Total Personnel Cost $ 90,996
Operating Administrative Costs
Consulting Services (Harrell & Co 2,000 Legal Fee 5,000
Audit Fee 9,841
Facility Rental 15,000
Information & Support Services Charges 4,095 Internal Insurance Charges 7,280
Oversight Board (Copies, Printing, & 600 Training 300
Total Operating Administrative Costs $ 44,115 Total Successor Agency 135,111
City of Baldwin Park Successor Agency
Administrative Budget for Fiscal Year 2023-24
RESOLUTION NO. 2022-020
A RESOLUTION OF THE LOS ANGELES COUNTY FIRST SUPERVISORIAL
DISTRICT CONSOLIDATED OVERSIGHT BOARD APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) 23-24 FOR THE PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024 FOR THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPEMENT AGENCY TO THE CITY OF BALDWIN PARK
WHEREAS, pursuant to ABx 1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 ("Dissolution Act"), the Redevelopment Agency to the City of Baldwin Park was dissolved as of February 1, 2012, and the City of Baldwin Park elected to serve as the Successor Agency to the former Redevelopment Agency to the City of Baldwin Park.
WHEREAS, pursuant to Health and Safety Code Section 34179 (q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts;
WHEREAS, the First Supervisorial District Consolidated Oversight Board ("Oversight Board") has jurisdiction over the Successor Agency of the Former Redevelopment Agency to the City of Baldwin Park.
WHEREAS, the First Supervisorial District Consolidated Oversight Board held a regular/special meeting on January 9, 2023.
WHEREAS, the Oversight Board to the Successor Agency to the dissolved Community Development Commission of the City of Baldwin Park (the "Oversight Board") has been appointed pursuant to the provisions of Health & Safety Code Section 34179; and,
WHEREAS, Section 34177 requires each Successor Agency to prepare a draft Recognized Obligation Payment Schedule (“ROPS”) and section 34180 requires the Oversight Board to approve same, after which it is to be transmitted to the County Administrative Officer, the County Auditor-Controller, the State Controller and the State Department of Finance (“DOF”); and,
WHEREAS, Section 34177(o) provides that each ROPS shall be forward looking to the next one year; and,
WHEREAS, the County will not make any payments of property taxes to the Successor Agency for use in payment of the obligations listed on the ROPS until the ROPS has been approved by the Oversight Board. Any delay in such payment could impair the Successor Agency’s ability to make payments for the enforceable obligations; and,
WHEREAS, on December 21, 2022, the City of Baldwin Park Successor Agency approved the ROPS 23-24 for the period July 1, 2023 through June 30, 2024, and a copy of ROPS 23-24 is attached; and,
WHEREAS, the Successor Agency must submit an Oversight Board approved ROPS for the period of July 1, 2023 through June 30, 2024, to the DOF no later than February 1, 2023; and,
WHEREAS, per AB 1484, all actions taken by the Oversight Board must be adopted by resolution.
NOW THEREFORE, THE LOS ANGELES COUNTY FIRST SUPERVISORIAL
DISTRICT CONSOLIDATED OVERSIGHT BOARD DOES HEREBY RESOLVE AND FIND AS FOLLOWS:
SECTION 1. The ROPS 23-24 for the period of July 1, 2023 through June 30, 2024 attached hereto as Attachment 3 is hereby approved.
SECTION 2. Successor Agency staff is directed to provide a copy of this Resolution along with the approved ROPS to the County Executive Officer, the County Auditor-Controller, the State Controller’s Office, and the State Department of Finance.
PASSED, APPROVED AND ADOPTED this 21st day of December 2022, by the following vote:
Ayes:
Noes:
Abstain:
Absent:
_______________________________
Steve Koffroth Chair
First District Consolidated
Oversight Board
ATTEST:
_________________________________
Cesar Hernandez, Deputy Clerk
First District Consolidated Oversight Board
BALDWIN PARK FINANCE
AUTHORITY
REGULAR MEETING
Agenda
December 21, 2022, 7:00 PM
Chair
Vice Chair
Board Member
Board Member
Board Member
Emmanuel J. Estrada
Daniel Damian
Alejandra Avila
Jean M. Ayala
Monica Garcia
Welcome to your Finance Authority Meeting
We welcome your interest and involvement in the City’s legislative process. This agenda includes information about topics coming before the Board Members and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city’s website and in the Office of the City Clerk.
Please Note: Electronic devices are to be turned off while meetings are in session.
How to watch
The City of Baldwin Park provides two ways to watch a City Council meeting:
In Person
Most City Council meetings take
place at City Hall, 14403 E. Pacific
Ave., Baldwin Park, CA 91706
Online
Audio streaming will be available at
https://www.youtube.com/channel/UCFLZ0_dDFRjy59rhiDZ13Fg/featured?view_as=subscriber http://baldwinpark.granicus.com/ViewPublisher.php?view_id=10 Reasonable Accommodations
Individuals with disabilities may request an agenda packet in appropriate alternative formats as required by the Americans with Disability Act of 1990. Reasonable accommodations and auxiliary aids will be provided to effectively allow participation in the meeting. Please contact the City Clerk’s Office at (626) 960-4011.
Public Comments
The public is encouraged to address the City Council or any of its Agencies listed on this agenda on any matter posted on the agenda or on any other matter within its jurisdiction. In accordance with Chapter 39 of the Baldwin Park Municipal Code, Speakers must address the Council as a whole and refrain from making impertinent, slanderous, or profane remarks or disrupt the peace of the meeting. Speaker cards are available at the podium and by request with the City Clerk.
Public Communication
There is a three-minute speaking time limit. This is the time set aside to address the City Council. Please notify the City Clerk if you require the services of an interpreter. No Action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] If you wish to comment on agenda items and are unable to physically appear in person, please email your name, place of residence, item number or topic and a phone number where you will be available between the hours of 7:00 PM during City Council Meetings to [email protected].
CALL TO ORDER
ROLL CALL
CONSENT CALENDAR
1. Treasurer’s Report – October 2022
Staff recommends that the Board receive and file the Treasurer’s Report for October 2022.
ADJOURNMENT
CERTIFICATION
I, Christopher Saenz, City Clerk of the City of Baldwin Park hereby certify that, under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 15th day of December 2022.
Christopher Saenz
City Clerk
For further information regarding agenda items, please contact the office of the City Clerk at (626) 960-4011 ext. 466 or via e-mail at [email protected]. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960-4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE II)
STAFF REPORT
ITEM NO. _______1__________
TO: Chair and Members of the Baldwin Park Finance Authority FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Treasurer’s Report – October 2022
SUMMARY
Attached is the Treasurer’s Report for the month of October 2022. The Treasurer’s Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commissio n (CDC). All investments are in compliance with the City’s Investment Policy and the California Government Code.
RECOMMENDATION
Staff recommends that the Board receive and file the Treasurer’s Report for October 2022.
FISCAL IMPACT
None
BACKGROUND
City of Baldwin Park Investment Policy requires the Treasurer’s Report be submitted to the Mayor and City Council on a monthly basis.
LEGAL REVIEW
Not Applicable
ATTACHMENTS
1. Exhibit “A”, Treasurer’s Report
ESTIMATED
INVESTMENT INTEREST P URCHASE MATURITY PAR CURRENT BOO K MARKET
DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE
State of California Local Agency Investment Fund (LAIF) City-Including General Fund & all other Special Revenue Funds 1.772% Varies Varies 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ Housing Authority 1.772% Varies Varies 14,209.07 14,209.07 14,209.07 14,209.07 40,072,610.55 40,072,610.55 40,072,610.55 40,072,610.55 Federal Farm CR BKS Bond 4.125% 9/26/2022 10/17/2023 3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00 Mutual Securities
3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00
US Bank - Debt Service Trustee Accounts
Fiscal Agent Funds (Trust/Debt Service Fund) Varies Varies Varies 6,752,606.05 6,752,606.05 6,752,606.05 6,752,606.05 Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fund) Varies Varies Varies 2,671.48 2,671.48 2,671.48 2,671.48 6,755,277.53 6,755,277.53 6,755,277.53 6,755,277.53
$ 49,827,888.08 $ 49,827,888.08 $ 49,827,888.08 $ 49,808,778.08 Total Investments $ 49,827,888.08
Cash with Bank of the West
8,000,012.28
7,001,769.93
659,904.72
333,203.12
830,142.99
Total Cash with Bank of the West 16,825,033.04
Investment Brokerage Capital Reserves (Divdend Option Cash) 258,959.79
Total Cash and Investments $ 66,911,880.91
* In accordance with AB X126,the Community Development Commission is dissolved effective January 31, 2012.
The successor agency name is "The City of Baldwin Park as Successor Agency to the Community Development Commission of the City of Baldwin Park".
*
There was no investment maturity/purchase transactions made for the month of October 2022 and several deposits/withdrawals were made through the Local Agency Investment Fund.
In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy.
Approved by:
Rose Tam
Director of Finance
CITY OF BALDWIN PARK
TREASURER'S REPORT
10/31/2022
City Miscellaneous Cash (W/C, P/R)
City Checking (General)
Money Market Plus
Successor Agency
Housing Authority
BALDWIN PARK HOUSING
AUTHORITY
REGULAR MEETING
Agenda
December 21, 2022, 7:00 PM
Chair
Vice Chair
Board Member
Board Member
Board Member
Emmanuel J Estrada
Daniel Damian
Alejandra Avila
Jean M. Ayala
Monica Garcia
Welcome to your Housing Authority Meeting
We welcome your interest and involvement in the City’s legislative process. This agenda includes information about topics coming before the Board Members and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city’s website and in the Office of the City Clerk.
Please Note: Electronic devices are to be turned off while meetings are in session.
How to watch
The City of Baldwin Park provides two ways to watch a City Council meeting:
In Person
Most City Council meetings take
place at City Hall, 14403 E. Pacific
Ave., Baldwin Park, CA 91706
Online
Audio streaming will be available at
https://www.youtube.com/channel/UCFLZ0_dDFRjy59rhiDZ13Fg/featured?view_as=subscriber http://baldwinpark.granicus.com/ViewPublisher.php?view_id=10
Reasonable Accommodations
Individuals with disabilities may request an agenda packet in appropriate alternative formats as required by the Americans with Disability Act of 1990. Reasonable accommodations and auxiliary aids will be provided to effectively allow participation in the meeting. Please contact the City Clerk’s Office at (626) 960-4011.
Public Comments
The public is encouraged to address the City Council or any of its Agencies listed on this agenda on any matter posted on the agenda or on any other matter within its jurisdiction. In accordance with Chapter 39 of the Baldwin Park Municipal Code, Speakers must address the Council as a whole and refrain from making impertinent, slanderous, or profane remarks or disrupt the peace of the meeting. Speaker cards are available at the podium and by request with the City Clerk.
Public Communication
There is a three-minute speaking time limit. This is the time set aside to address the City Council. Please notify the City Clerk if you require the services of an interpreter. No Action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The legislative body or its staff may: 1) Briefly respond to statements made or questions asked by persons; or 2) Direct staff to investigate and/or schedule matters for consideration at a future meeting. [Government Code §54954.2] If you wish to comment on agenda items and are unable to physically appear in person, please email your name, place of residence, item number or topic and a phone number where you will be available between the hours of 7:00 PM during City Council Meetings to [email protected].
CALL TO ORDER
ROLL CALL
PUBLIC COMMUNICATIONS
CONSENT CALENDAR
1. Baldwin Park Housing Authority’s Warrants and Demands Staff recommends that the Board ratify the attached Warrants and Demands Register.
2. Treasurer’s Report – October 2022
Staff recommends that the Board receive and file the Treasurer’s Report for October 2022.
ADJOURNMENT
CERTIFICATION
I, Christopher Saenz, City Clerk of the City of Baldwin Park hereby certify that, under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 15th day of December 2022.
Christopher Saenz
City Clerk
For further information regarding agenda items, please contact the office of the City Clerk at (626) 960-4011 ext. 466 or via e-mail at [email protected]. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Public Works Department or Risk Management at (626) 960-4011. Notification 48 hours prior to the meeting will enable staff to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 34.102.104 ADA TITLE II)
STAFF REPORT
ITEM NO. ________1_________
TO: Chair and Members of the Baldwin Park Housing Authority FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Baldwin Park Housing Authority’s Warrants and Demands
SUMMARY
Attached are the Warrants and Demands Registers for the City of Baldwin Park Housing Authority to be ratified by the Board.
RECOMMENDATION
Staff recommends that the Board ratify the attached Warrants and Demands Register.
FISCAL IMPACT
The total of the Warrants and Demands for Housing Authority was $ 563,169.66.
BACKGROUND
The attached Claims and Demands report format meet the required information as set out in the California Government Code. Staff has reviewed the requests for expenditures for the appropriate budgetary approval and for the authorization from the department head or its designee. Pursuant to Section 37208 of the California Government Code, the Chief Executive Officer or his/her designee does hereby certify to the accuracy of the demands hereinafter referred. Payments released since the previous meeting and the following is a summary of the payment released:
1. The November 4 to December 8, 2022 Warrant check numbers 72651 through 72661 in the amount of $9,193.66 and Automated Clearing House (ACH) In the amount of $553,976.00 were made on behalf of City of Baldwin Park Housing Authority constituting of claims and demands, are herewith presented to the Board as required by law, and hereby ratified.
LEGAL REVIEW
This report has been reviewed and approved by the City Attorney as to legal form and content.
ATTACHMENTS
1. Happy Check Register
2. Happy Check Register ACH
STAFF REPORT
ITEM NO. ______2___________
TO: Chair and Members of the Baldwin Park Housing Authority FROM: Rose Tam, Director of Finance
DATE: December 21, 2022
SUBJECT: Treasurer’s Report – October 2022
SUMMARY
Attached is the Treasurer’s Report for the month of October 2022. The Treasurer’s Report lists all cash for the City which includes the Baldwin Park Financing Authority, the Housing Authority, and the Successor Agency to the Community Development Commission (CDC). All investments are in compliance with the City’s Investment Policy and the California Government Code.
RECOMMENDATION
Staff recommends that the Board receive and file the Treasurer’s Report for October 2022.
FISCAL IMPACT
None
BACKGROUND
City of Baldwin Park Investment Policy requires the Treasurer’s Report be submitted to the Mayor and City Council on a monthly basis.
LEGAL REVIEW
Not Applicable
ATTACHMENTS
1. Exhibit “A”, Treasurer’s Report
ESTIMATED
INVESTMENT INTEREST P URCHASE MATURITY PAR CURRENT BOO K MARKET
DESCRIPTION RATE DATE DATE VALUE PRINCIPAL VALUE VALUE
State of California Local Agency Investment Fund (LAIF) City-Including General Fund & all other Special Revenue Funds 1.772% Varies Varies 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ 40,058,401.48 $ Housing Authority 1.772% Varies Varies 14,209.07 14,209.07 14,209.07 14,209.07 40,072,610.55 40,072,610.55 40,072,610.55 40,072,610.55 Federal Farm CR BKS Bond 4.125% 9/26/2022 10/17/2023 3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00 Mutual Securities
3,000,000.00 3,000,000.00 3,000,000.00 2,980,890.00
US Bank - Debt Service Trustee Accounts
Fiscal Agent Funds (Trust/Debt Service Fund) Varies Varies Varies 6,752,606.05 6,752,606.05 6,752,606.05 6,752,606.05 Fiscal Agent Funds - Successor Agency (Trust/Debt Service Fund) Varies Varies Varies 2,671.48 2,671.48 2,671.48 2,671.48 6,755,277.53 6,755,277.53 6,755,277.53 6,755,277.53
$ 49,827,888.08 $ 49,827,888.08 $ 49,827,888.08 $ 49,808,778.08 Total Investments $ 49,827,888.08
Cash with Bank of the West
8,000,012.28
7,001,769.93
659,904.72
333,203.12
830,142.99
Total Cash with Bank of the West 16,825,033.04
Investment Brokerage Capital Reserves (Divdend Option Cash) 258,959.79
Total Cash and Investments $ 66,911,880.91
* In accordance with AB X126,the Community Development Commission is dissolved effective January 31, 2012.
The successor agency name is "The City of Baldwin Park as Successor Agency to the Community Development Commission of the City of Baldwin Park".
*
There was no investment maturity/purchase transactions made for the month of October 2022 and several deposits/withdrawals were made through the Local Agency Investment Fund.
In compliance with the California Government Code Section 53646 et seq., I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months that all investments are in compliance to the City's Statement of Investment Policy.
Approved by:
Rose Tam
Director of Finance
CITY OF BALDWIN PARK
TREASURER'S REPORT
10/31/2022
City Miscellaneous Cash (W/C, P/R)
City Checking (General)
Money Market Plus
Successor Agency
Housing Authority