Agenda packet, regular meeting — Banning City Council, August 26, 2025 (part 1 of 8)

August 26, 2025
5:00 p.m.

In Chambers
Council Chambers
99 E. Ramsey Street
Banning, CA 92220

1. CALL TO ORDER

2. AGENDA APPROVAL
AGENDA

CITY COUNCIL - REGULAR MEETING

CITY OF BANNING, CALIFORNIA
The following information comprises the agenda for the regular meeting of the Banning City Council, a joint meeting of the City Council and Banning Utility Authority, and the Banning City Council sitting in its capacity as the Banning Successor Agency Board.

This meeting is being held via Zoom so that members of the public may observe and participate in this meeting electronically. If you participate in this meeting via Zoom, you are agreeing to abide by the City's Zoom Community Standards for Public Meetings (provided in full on the last page of the agenda). Esta reunión se lleva a cabo en la Cámara y a través de Video/Teleconferencia en Zoom para que los miembros del público puedan observar y participar en esta reunión de manera electrónica. Si elige participar en esta reunión a través de Zoom, acepta cumplir con los Estándares comunitarios de Zoom para reuniones públicas de la ciudad (que se proporcionan en su totalidad en la última página de la agenda).

To observe and participate in the online video portion of the meeting through your personal computer or device, follow this link:
https://us02web.zoom.us/j/82012644588?pwd=RwqtJC8xehLDKZvr3LEKOf9u8uP2pt.1 Dial in: +1 669 900 9128
Meeting ID: 820 1264 4588
Password: 92220
Per the City of Banning Manual of Procedural Guidelines, matters taken up by the Council before 10 p.m. may be concluded, but no new matters shall be taken up except upon a majority vote of the council members present and voting. Such an extension shall only be valid for one hour and each hour thereafter shall require a renewed action for the meeting to continue.

1.1 INVOCATION
Performed by Nathaniel Rodriguez of Infinite Center Church.

1.2 PLEDGE OF ALLEGIANCE

1.3 ROLL CALL

2.1 AGENDA APPROVAL
City Council - Regular Meeting Agenda
August 26, 2025
1 3. PRESENTATIONS

4. REPORT ON CLOSED SESSION

5. PUBLIC COMMENTS, CORRESPONDENCE, APPOINTMENTS, AND REPORTS

6. CONSENT ITEMS

6.1 Approval of the meeting minutes for February 14, 2025, July 10, 2025 and August 8, 2025 City Council meetings.

6.2 City Council Travel and Conference Expense Report Year to Date Through June 2025

6.3 Receive and File Contracts Approved Under the City Manager's Signature Authority and Inventory Reports for June and July 2025

6.4 Receive and File Cash and Investments Report for the Month of April 2025

6.5 Receive and File Cash and Investments Report for the Month of May 2025

6.6 Receive and File Police Department Statistics for the Months of June and July 2025

3.1 Remarks by Pat Murkland on the Stagecoach Days Display at City Hall.

John Pinkney, City Attorney

5.1 PUBLIC COMMENTS

5.2 CORRESPONDENCE

5.3 APPOINTMENTS

5.3.1. Banning Youth Council Appointments
Recommendation: Appoint two applicants to the Banning Youth Council.

5.4 CITY COUNCIL COMMITTEE REPORTS

5.5 ANNOUNCEMENTS OF CITY COUNCIL MEMBERS

5.6 CITY MANAGER'S REPORT

5.7 CITY ATTORNEY'S REPORT

5.8 CITY TREASURER'S REPORT
The following items have been recommended for approval and will be acted upon simultaneously, unless a member of the City Council/Banning Utility Authority/Successor Agency Board wishes to remove an item for separate consideration.

Recommendation: Approve the meeting minutes for February 14, 2025, July 10, 2025 and August 8, 2025 City Council meetings.

Recommendation: Receive and file.

Recommendation: That City Council receive and file Cash and Investment Report for April 2025, in accordance with California Government Code 53646.

Recommendation: That City Council receive and file Cash and Investment Report for May 2025, in accordance with California Government Code 53646.

Recommendation: Receive and file.

City Council - Regular Meeting Agenda
August 26, 2025
2 6.7 Receive and File Fire Protection Services Statistics for the Month of June and July 2025

6.8 Annual Report on the Banning Police Department Military Equipment Pursuant to California Assembly Bill 481

6.9 Authorize the Acting City Manager to sign the Notice of Completion for Project No. 2023-15W “Ramsey Street Water Main Replacement-Phase 1” as complete and direct the City Clerk to record the Notice of Completion.

6.10Public Works Capital Improvement Project Tracking List

6.11Receive and File Code Enforcement Statistics for the Month of June & July 2025

6.12Consideration of Second Reading and Adoption of Ordinance 1611, Approving a Development Agreement By and Between the City of Banning and JDNJ Enterprises, LLC, a Missouri Limited Liability Corporation

6.13Parks and Recreation Report of Monthly Activities through the 4th Quarter of Fiscal Year 2024/2025 - June 2025

6.14Receive and File Animal Control Statistics for the Months of June and July 2025

6.15Ground Lease Agreement - COB and Diversified Pacific Development Group, LLC for Stagecoach Days Overflow Parking

6.16Approve Amendment No. 1 to the Purchase Order with Couts Heating and Cooling, Inc of Corona, California for As-Needed HVAC Services for City of Banning Facilities in the Amount of $12,000 for a Total Purchase Order of $37,000

6.17Receive and File the Final Report of the City of Banning's Broadband Feasibility Study

6.18Authorization to Apply for Bureau of Reclamation's Drought Resiliency Program Grant Funding for the Installation of a New Municipal Well C-9.

Recommendation: Receive and file.

Recommendation: Authorize execution of the Notice of Completion.

Recommendation: Receive and file.

Recommendation: Waive the second reading of text in its entirety and adopt Ordinance 1611.

Recommendation: Receive and file.

Recommendation:

That the City Council authorize the Acting City Manager to execute the Ground Lease Agreement with Diversified Pacific Development Group, LLC, for overflow parking during Stagecoach Days 2025.

Recommendation: Approve Amendment No. 1 to the purchase order with Couts Heating and Cooling, Inc.

Recommendation: Receive and File the Final Report of the Broadband Feasibility Study prepared for the City of Banning and direct staff to seek reimbursement from the California Public Utilities Commission's Broadband Grant Portal.

Recommendation: Authorize the submittal of a grant application to the Bureau of City Council - Regular Meeting Agenda
August 26, 2025
3 6.19Approval of Amendment No. 1 to the Professional Services Agreement for Various Financial Management and Process Improvement Consulting Services By and Between the City of Banning and Russ Branson Consulting

6.20Receive and File Accounts Payable and Payroll Warrants Issued in the Month of March 2025

6.21Receive and File Accounts Payable and Payroll Warrants Issued in the Month of April 2025

6.22Consideration of Resolution 2025-113, Authorizing the Electric Department to Execute a Lease-to-Own Agreement for One Altec DT85 Digger/Derrick Truck

6.23Consideration of Resolution 2025-114, Approving the Statement of Investment Policy, Administrative Policy No. 8-11

6.24Consideration of Resolution 2025-115, Awarding a Professional Services Agreement to EEC Environmental for Inspection Services and Compliance with the Spill Prevention, Control, and Countermeasure (SPCC) Plan at Banning Municipal Airport in the amount not to exceed $90,000 over a 5-year contract.

6.25Consideration of Resolution 2025-116 Approving Amendment No. 5 to the Professional Services Agreement with Albert A. Webb Associates, Inc. for an Additional Amount of $59,600 for Engineering and Environmental Permitting Services for the Sun Lakes Boulevard Extension Project.

6.26Consideration of Resolution 2025-117 Approving the Budget Allocation to Renew Agreement with Vigilant for Cybersecurity Monitoring, Threat detection, & remediation

6.27Consideration of Resolution 2025-118, Approving Amendment No.1 to the Professional Services Agreement with Kimley Horn in the Amount of $112,928.00 for Additional Environmental Services for the Wastewater Treatment Plant Upgrades Project.

6.28Consideration of Resolution 2025-120, Authorizing the Purchase of One Electric Van and Two Cutaway Buses for Dial-A-Ride for a Not-to-Exceed Purchase Amount of $561,179.99

6.29 Consideration of Resolution 2025-121, Amending the Classification & Compensation Plan for the City of Banning
Reclamation's Drought Resiliency Program for the installation of a new municipal Well C-9.

Recommendation: Approval of Amendment No. 1 to the Professional Services Agreement with Russ Branson
Recommendation: Receive and file.

Recommendation: Receive and file.

Recommendation: Adopt Resolution 2025-113.

Recommendation: Adopt Resolution 2025-114.

Recommendation: Adopt Resolution 2025-115.

Recommendation: Adopt Resolution 2025-116
Recommendation:

Adopt Resolution 2025-117
Recommendation: Adopt Resolution 2025-118.

Recommendation: Adopt Resolution 2025-120
Recommendation:

City Council - Regular Meeting Agenda
August 26, 2025
4 6.30
Consideration of Resolution 2025-122, Ratification of a Sole Source Agreement and Budget Allocation for ATI Restoration, LLC for Hazardous Waste Clean-Up

7. PUBLIC HEARINGS

7.1 Consideration of Introduction and First Reading of Ordinance 1612 of the City of Banning, California Establishing a Procedure for Property Owner Objections to Proposed Water/Sewer Fees or Special Assessments

8. REPORTS OF OFFICERS

8.1 Discussion and Review of Cannabis Retail Tax Rate Reduction Request.

9. PUBLIC COMMENTS REGARDING CLOSED SESSION

10. ADJOURNMENT TO CLOSED SESSION

11. CLOSED SESSION - Item # 11.1

12. ITEMS FOR FUTURE AGENDAS

13. ADJOURNMENT
Adopt Resolution 2025-121.

Recommendation:

Adopt Resolution 2025-122.

Recommendation: Introduce by title and waive further reading of Ordinance 1612.

Recommendation: This agenda item provides the City Council with an opportunity to review data related to cannabis retail businesses within Banning and to consider the request from these businesses to reduce the current annual tax rate of 10% of gross receipts. The Council will discuss potential regulatory or tax adjustments specific to cannabis retail operations and provide direction to City staff accordingly.

11.1 CONFERENCE WITH LABOR NEGOTIATORS:

Agency designated representatives: Mayor and City Council Unrepresented Employee: Acting City Manager

12.1 NEW ITEMS

12.2 EXISTING ITEMS

1. Contracting Animal Services (Flynn)

2. Contractor(s) to do Citywide Cleanup (Flynn)

3. Emergency Preparedness (Barrington)

4. Recruitment for City Manger (Wallace
Next Regular Meeting – September 9, 2026
Zoom Community Standards for Public Meetings
By participating in this meeting on Zoom, you are agreeing to abide by the City of Banning’s Community Standards for Public Meetings. Zoom attendees that fail to adhere to these standards may be removed from the meeting room.

City Council - Regular Meeting Agenda
August 26, 2025
5 Your microphone must remain on mute, and you may only unmute your microphone when/if you are recognized by the Mayor.

Your camera must be turned off unless/until you are recognized by the Mayor.

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Public Comment from Zoom attendees will immediately follow in-person comment from members of the public in Council Chambers.

If you fail to adhere to these community guidelines, you may be removed for disrupting the meeting occurring in Council Chambers. You may rejoin the meeting but may be removed for each violation of these community standards.

The chat function will be disabled for all City Council meetings on Zoom.

Estándares comunitarios de Zoom para Reuniones Públicas Al participar en esta reunión en Zoom, usted acepta cumplir con los Estándares Comunitarios para Reuniones Públicas de la ciudad de Banning. Los que atienden por Zoom que no cumplan con estos estándares pueden ser retirados de la sala de reuniones.

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Si no cumple con estas pautas de la comunidad, es posible que lo destituyan por interrumpir la reunión que tiene lugar en las Cámaras del Consejo. Puede volver a unirse a la reunión, pero es posible que lo eliminen por cada violación de estos estándares de la comunidad.

La función de chat estará deshabilitada para todas las Reuniones del Ayuntamiento en Zoom.

AFFIDAVIT • DECLARACIÓN JURADA
IT IS HEREBY CERTIFIED under the laws of the State of California that the above agenda was posted on the City's website (www.banningca.gov) as well as the Bulletin Board at Banning City Hall, located at 99 E Ramsey Street, Banning, CA 92220, at least 72 hours in advance of the meeting.
_________________________
Vickie Sellers, Elected City Clerk
Secretaria Municipal Electa
City Council - Regular Meeting Agenda
August 26, 2025
6 PUBLIC NOTICE • NOTICIA PÚBLICA
Meeting Agendas and Notices
Interested in receiving email and/or text notifications of upcoming City Council meetings? Sign up for meeting notifications through the City's website. Pursuant to amended Government Code §54957.5(b), staff reports and other public records related to open session agenda items are available on the City's website (www.banningca.gov/).

Public Comment
Agenda Items
Any member of the public may address this meeting of the City Council on any item appearing on the agenda. A five-minute limitation shall apply to each member of the public and no member of the public shall be permitted to share their time with any other person.

Non-Agenda Items
Any member of the public may address this meeting of the City Council on any item which does not appear on the regular meeting agenda but is of interest to the general public and is an item upon which the City Council may act. A three-minute limitation shall apply to each member of the public and no member shall be permitted to share their time with any other person. No action shall be taken, nor discussion held by the City Council, on any item which does not appear on the agenda, unless the action is otherwise authorized in accordance with the provisions of subdivision (b) of §54954.2 of the Government Code.

Special Assistance/Accessibility Requests
In compliance with the Americans with Disabilities Act, any member of the public may request that the agenda and agenda packet be mailed to them. If you need special assistance to participate in this meeting (such as translation services), please contact the City Clerk's Office. Advanced notification of at least 48 hours prior to the meeting will allow the city to make arrangements to ensure your accessibility.
¿Necesita servicios de traducción para participar? Contacto Oficina del Secretario de la Ciudad.

CONTACT • CONTACTO
City Clerk's Office | 951-922-3102 | [email protected] 99 East Ramsey Street, Banning, California 92220
City Council - Regular Meeting Agenda
August 26, 2025
7 CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Sandra Calderon, Acting Administrative City Clerk Ralph Wright, Parks and Recreation Director
MEETING DATE: August 26, 2025
SUBJECT: 5.3.1. Banning Youth Council Appointments
RECOMMENDATION:

Appoint two applicants to the Banning Youth Council.

BACKGROUND:

The Banning Youth Council is as an advisory board to the City Council established under Chapter 2.42 of the Banning Municipal Code (BMC). The purpose of the Youth Council is to provide City youth with a vehicle to learn about government, participate in the process of city government, represent and articulate the needs of City youth, as well as advise the City Council on matters affecting the youth and teen population, especially City programs relating to youth and teens.

The Youth Council is composed of to nine (9) members who are appointed for two-year terms that can be
extended once. Currently two (2) positions are vacant due to graduation.

Today's applicants include: Faith Banuelos and Josue Sanchez Omana JUSTIFICATION:

The City opened the application period for Youth Council appointments and publicly posted the vacancies on the City's website. The City Clerk's Office received two (2) applications, and both applicants meet the qualifications to serve.

FISCAL IMPACT:

No Fiscal Impact
ALTERNATIVES:

Do not appoint and provide staff with alternative direction.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. YC Application _ Faith Banuelos.pdf
8 2. YC Applicaton _ Josue Sanchez Omana.pdf
9 Banning Youth Council Application Page 1 of 2

APPLICATION TO SERVE ON THE BANNING YOUTH COUNCIL
This application is to serve in one of nine positions on the new Banning Youth Council. The term of office for all positions are two years and are extendable by up to one year. The Banning Youth Council meets monthly on the First Tuesday of each month beginning at 5:00 p.m.

Name
Phone
Email Address
Address
What High School do you currently attend?
What grade are you in?
How long have you lived in Banning?
Are you able to commit to attend Council meetings on its regular meeting date? Yes No
Information requested below will be used by the City Council as a screening process to determine which applicants will be chosen to serve. Please do not submit supplemental materials.

1. Tell us about your background including education, extracurricular activities, volunteer experience, civic involvement, and other experience relative to this appointment?
10 Banning Youth Council Application Page 2 of 2

2. What unique skills and traits would you bring to the Banning Youth Council?

3. Why are you interested in serving on the Banning Youth Council?

4. If appointed to the Youth Council, what is a subject matter you would be interested in discussing about the City of Banning?
In accordance with Banning’s City Council Resolution 2012-67, if selected you will be required to submit to a criminal background investigation, including LiveScan fingerprinting prior to your formal appointment.

City Clerk’s Office
99 E. Ramsey Street
PO Box 998
Banning, CA 92220
Please return to: City of Banning
Or email to: [email protected] Remember to sign your application.

Signature Date
11 Banning Youth Council Application Page 1 of 2

2. What unique skills and traits would you bring to the Banning Youth Council?

3. Why are you interested in serving on the Banning Youth Council?

City Clerk’s Office
99 E. Ramsey Street
PO Box 998
Banning, CA 92220
Please return to: City of Banning
Or email to: [email protected] Remember to sign your application.

Signature Date
13 CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Sandra Calderon, Acting Administrative City Clerk Arturo Vela, Acting City Manager
MEETING DATE: August 26, 2025
SUBJECT: Approval of the meeting minutes for February 14, 2025, July 10, 2025 and August 8, 2025 City Council meetings.

RECOMMENDATION:

Approve the meeting minutes for February 14, 2025, July 10, 2025 and August 8, 2025 City Council meetings.

BACKGROUND:

After every meeting, the City Clerk's Office prepares meeting minutes. The City Council reviews and approves these minutes either as presented or with modifications.

JUSTIFICATION:

These minutes have been prepared as summary minutes in accordance with City Council Resolution 2025-22 and Government Code Section 36814, 4801, and 54953 (c)(2).

FISCAL IMPACT:

None
ALTERNATIVES:

1. Approve as recommended.

2. Approve with modifications.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. 2025_02 14_Minutes_Special_Meeting_DRAFT.docx

2. 2025 07 10_Minutes_Special Meeting_Closed Session_DRAFT.docx

3. 2025 07 08_Minutes_Special Meeting_ Closed Session_DRAFT.docx

4. 2025 07 08_Minutes_ Regular Meeting_DRAFT.pdf
14 Special Meeting Minutes 2/14/2025 Page 1 of 5
The following information comprises the minutes for a regular meeting of the City Council, a joint meeting of the Banning City Council and Banning Utility Authority and a joint meeting of the Banning City Council and the Banning City Council sitting in its capacity as the Successor Agency Board.

MINUTES 2/14/2025

CITY COUNCIL SPECIAL MEETING
COUNCIL MEMBERS PRESENT: Council Member Cynthia Barrington Mayor Sheri Flynn
Council Member Leroy Miller
Mayor Pro Tem Richard Royce
Council Member Colleen Wallace
COUNCIL MEMBERS ABSENT: None
OTHERS PRESENT: Laurie Sampson, Assistant City Manager
` John Pinkney, Interim City Attorney
Vickie Sellers, City Clerk
Caroline Patton, Administrative City Clerk
John Garside, Multimedia Specialist
Lincoln Bogard, Administrative Services Director

1. CALL TO ORDER
Mayor Flynn called the regular meeting to order at 9:02 a.m.

1.1. Roll Call
COUNCIL MEMBER PRESENT: ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 

2. PUBLIC COMMENT
 John Hagen said he urges the council to appoint an Interim City Manager who is independent of the current staff to ensure a transparent investigation into financial mismanagement. He cautions against selecting insiders and suggests considering someone like Bob Fisher to help uncover the full truth and support a fresh start for the city.
 Frank Connolly thanked the City of Banning for taking action to address ongoing issues, including partnering with nearby cities for animal control services. He urges caution in how meeting minutes are documented, emphasizing legal compliance with the Brown Act. While respecting a previous speaker’s concerns, he notes that Lincoln helped uncover serious problems in the utility department and has contributed positively to the city’s cleanup efforts.
 Bill Hobbs expressed gratitude to city officials and support for Lincoln Bogart and Robert Fisher, hoping for positive change in Banning. He emphasized the need for more diverse business development.
 Laura Leindecker expressed support for the City Manager and said she will support the council’s decision for the city. 15
Special Meeting Minutes 2/14/2025 Page 2 of 5

3. CLOSED SESSION

3.1 PUBLIC EMPLOYEE APPOINTMENT
Pursuant to Government Code Section 54957
Title: Acting City Manager
The Administrative City Clerk left the meeting early due not feeling well.

4. REPORT ON CLOSED SESSION
John Pinkney, Interim City Attorney, reported that for agenda item 3.1 the Council interviewed Art Vela, Robert Fisher, Lincoln Bogard, and David Newell and reportable action was taken.

Motion to appoint Robert Fisher as Acting City Manager.

Motion by Mayor Flynn
Seconded by Council Member Barrington

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 3-2-0.

5. APPOINTMENTS

5.1. Appoint Two by Two Committee Members to Meet with Beaumont regarding Animal Control and Animal Shelter Options
John Pinkney, City Attorney recused himself for item 5.1 because he also serves as a City Attorney for the City of Beaumont.

Public Comments
No Public Comments
Council Member Miller expressed concern about not being included in recent ad hoc committee discussions with the City of Beaumont, despite previously being appointed to represent Banning in intercity matters. He stated that if he’s not going to be included in these discussions, he would prefer to be removed from the position and replaced.

Councilmember Barrington offered to switch roles.

Mayor Flynn clarified that the committee appointments had already been made based on the impacted districts and noted the importance of maintaining compliance with the Brown Act by having only two council members on each ad hoc committee. 16 Special Meeting Minutes 2/14/2025 Page 3 of 5
Council member Royce confirmed that the ad hoc committees are topic-specific and separate from the broader committee Councilmember Miller was originally appointed to.

Councilmember Miller confirmed his desire to be removed.

Motion to appoint Mayor Flynn and Council Member Barrington to the Ad Hoc committee for Animal Control and Animal Shelter Services.

Motion by Mayor Flynn
Seconded by Mayor Pro Tem Royce

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 5-0-0.

6. REPORT OF OFFICERS

6.1 Consideration of Resolution 2024-22, Establishing a Policy to Draft Summary Meeting Minutes, and Repealing City Council Resolution 1995-21; and Resolution 2025-23, Amending the City of Banning Manual of Procedural Guidelines to Update the Form of Meeting Minutes to Summary Minutes Lincoln Bogard, Administrative Services Director, presented the staff report.

Public Comments
 Frank Connolly said he wants to make sure the city is adhering to the Brown Act and the cost of city staff to complete meeting minutes.  Kathleen Dale said she wasn’t clear on the difference between action vs summary minutes. The minutes are not prepared in a way that allows someone to review them and clearly understand what is being discussed.

Councilmembers discussed the limitation of the current meeting minutes, noting they lack clarity and detail, making it difficult to understand what actions were taken or what positions were expressed. They mentioned a past attempt to use AI for transcription, which wasn’t accurate enough at the time. The discussion emphasized the value of summary minutes that include key points such as reasons for votes and public opinion (for or against). It was also noted that action minutes only show decisions made, not the reasoning for discussion. The council supported improving the minutes to enhance transparency without making them overly detailed.

Motion to adopt Resolution 2025-22
Motion by Council Member Miller
Seconded by Mayor Pro Tem Royce

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy  17
Special Meeting Minutes 2/14/2025 Page 4 of 5
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 4-1-0.

Motion to adopt Resolution 2025-23.

Motion by Mayor Pro Tem Royce
Seconded by Council Member Miller

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 4-1-0.

7. DISCUSSION ITEM(S)

7.1 Discussion of Signature Authority for Warrants Drawn on the City for Payments Lincoln Bogard, Administrative Services Director, presented the staff report. He referenced the relevant section of the municipal code which states that, unless changed by ordinance or resolution, the default check signers are the Mayor and the City Clerk. Some cities alternatively designate the Mayor and the Treasurer. The City Council has discretion to modify the authorized signers by formal action.

Council approval is required for the current signature card. If the Council wishes to change who signs the check, a resolution will need to be brought forward and passed before updating the signature cards.

Public Comment
 Sue Savage, City Treasurer, addressed the Council to advocate for a more legal, transparent, and accountable financial process in the City of Banning. She said there is a need to end the informal practice and adhere strictly to government codes and procedures.

The process should begin with authorization by the Mayor and City Clerk. The City Treasurer, an elected official, should issue checks only after full legal authorization and verification.

Checks are currently signed by two non-elected citizens, who lack the legal authority to approve expenditure. The existing process lacks transparency, with many payments made without prior Council review or public oversight. One example is the Zen City contract.

A suggestion was made to add a regular Treasurer’s Report to future council agendas for ongoing transparency.

Concerns were raised about delaying payments due to an overly lengthy review process.

A suggestion was made to email warrant reports in advance to the Mayor and City Clerk allowing time to review and flag concerns before formal approval without delaying operations.

The Interim City Attorney clarified that the law does not require the Treasurer to sign checks, but the Council can choose to include the Treasurer as a signer. 18 Special Meeting Minutes 2/14/2025 Page 5 of 5
It was recommended to have two signers for internal control, suggesting either, Mayor + Treasurer, or all three – Mayor, Clerk, and Treasurer, with flexibility depending on or availability or emergencies.

New Warrant and Review Process:

The Mayor and City Clerk will receive warrants before payment. They will have 2-3 days to review and flag any concerns, if there is no response within the time limit, staff may proceed.

The City Treasurer will also be sent the warrants for review but will not officially authorize at this stage. This gives the Treasurer visibility and an additional layer of oversight before issuing payments.

Payment Authorization: Checks will be signed by the Mayor and City Treasurer.

Next Step: Staff will draft a policy or ordinance revision reflecting this process and return to Council for formal adoption at a future meeting.

Motion to adjourn.

Motion by Mayor Flynn
Seconded by Mayor Pro Tem Royce

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 5-0.

The meeting was adjourned at 12:12 p.m.

Minutes Prepared by:

Sandra B. Calderon
Acting Administrative City Clerk
This entire meeting and all associated documents may be viewed here:
https://www.banningca.gov/906/Agendas-and-Minutes---2024-to-Present 19 1
The following information comprises the minutes for a special meeting of the City Council, a joint meeting of the Banning City Council and Banning Utility Authority and a joint meeting of the Banning City Council and the Banning City Council sitting in its capacity as the Successor Agency Board.

COUNCIL MEMBERS PRESENT: Council Member Cynthia Barrington Council Member Leroy Miller
Mayor Pro Tem Richard Royce
Council Member Colleen Wallace
COUNCIL MEMBERS ABSENT: Mayor Sheri Flynn
OTHERS PRESENT: Phaedra Norton, Interim City Attorney

1. CALL TO ORDER

1.1 Roll Call

COUNCIL MEMBER PRESENT ABSENT
Barrington, Cynthia X
Flynn, Sheri X
Miller, Leroy X
Royce, Richard X
Wallace, Colleen X

2. PUBLIC COMMENTS - Agenda Items Only
Frank Connelly expressed concern about appointing a department head as interim city manager, urging the Council to make the interim period short to avoid risking the loss of a valuable employee.

Sus Savage expressed serious concerns regarding the lack of financial oversight following the termination of the City Manager. She reported that two critical financerelated meetings were canceled or mishandled, leaving public funds potentially vulnerable. She highlighted that no valid City officials currently have signing authority on a key bank account, and that staff failed to respond to investment direction questions. She also noted ongoing barriers to accessing financial systems and reports, questioned plans for a $40 million wastewater project, and warned of a $2 million monthly budget shortfall.

She emphasized her elected role and duty to protect public funds.

3. CLOSED SESSION
Phaedra Norton, Interim City Attorney read closed session items.

3.1 PUBLIC EMPLOYEE APPOINTMENT/EMPLOYMENT - PURSUANT TO GOVERMENT CODE 54957 Title: ACTING CITY MANAGER
20 2

3.2 PUBLIC EMPLOYEE APPOINTMENT/EMPLOYMENT - PURSUANT TO GOVERNMENT CODE 54957 Title: CITY ATTORNEY
City Council Adjourned to Closed Session at 5:36 p.m.

Closed Session Report by Mayor Pro Tem Royce:

Item 3.1 – Public Employee Appointment (Gov. Code 54957): Council appointed Art Vela as Acting City Manager: Motion passed 4-0, Mayor absent.

Item 3.2 – Title Change: Council approved changing the Interim City Attorney to City Attorney. Motion passed 4-0, Mayor absent.

4. ADJOURNMENT
The Special City Council meeting adjourned at 6:46 p.m.

Minutes prepared by:

Sandra B. Calderon
Acting Administrative City Clerk
These minutes have been prepared as Summary Minutes in accordance with City Council Resolution 2025-22 and Government Code Sections 36814, 40801, and 54953(c)(2).

The entire discussion of this meeting may be viewed here:
https://banningca.granicus.com/player/clip/221?view_id=1&redirect=true 21 The following information comprises the minutes for a special meeting of the City Council, a joint meeting of the Banning City Council and Banning Utility Authority and a joint meeting of the Banning City Council and the Banning City Council sitting in its capacity as the Successor Agency Board.

COUNCIL MEMBERS PRESENT: Council Member Cynthia Barrington Mayor Sheri Flynn
Council Member Leroy Miller Mayor Pro
Tem Richard Royce Council Member
Colleen Wallace
COUNCIL MEMBERS ABSENT: None
OTHERS PRESENT: Phaedra Norton, Interim City Attorney

1. CALL TO ORDER at 2:03 p.m.

1.1 Roll Call

COUNCIL MEMBER PRESENT ABSENT
Barrington, Cynthia X
Flynn, Sheri X
Miller, Leroy X
Royce, Richard X
Wallace, Colleen X

2. PUBLIC COMMENTS - Agenda Items Only
No Public Comments

3. CLOSED SESSION
Phaedra Norton, Interim City Attorney read closed session items.

3.1 COFERENCE WITH LABOR NEGOTIATORS Pursuant to Government Code Section 54957.6 (d) (1)
Agency Designated Representatives: Art Vela, Director of Public Works; David Newell, Community Development: Nicole Jews, Human Resources Manager; Oliver Yee, Liebert Cassidy and Whitmore (City Counsel)
Employee Organization: Banning Police Manager's Association (BPMA) July 8, 2025 Council Chambers
2:00 p.m. 99 E. Ramsey Street
In Chambers Banning, CA 92220
22 3.2 CONFERENCE WITH LEGAL COUNSEL: PENDING LITIGATION Pursuant to Government Code Section 54956.9(d)(1) Four Cases Case No. CVRI2306190, Deusenberry v. City of Banning
Case No. CVRI2500593, Estate of Fernando Guerrero Esparza v. City of Banning Workers Compensation Case Nos. 25008249, 25014559, Jeffery Platt

3.3 CONFERENCE WITH LEGAL COUNSEL: POTENTIAL INITIATION OF LITIGATION Pursuant to Government Code Section 549569(d)(1) One Potential Case.

3.4 PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE Pursuant to Government Code Section 54957

3.5 PUBLIC EMPLOYEE PERFORMANCE EVALUATION Pursuant to Government Code Section 54957 Title: Interim City Attorney

3.6 PUBLIC EMPLOYEE PERFORMANCE EVALUATION Pursuant to Government Code Section 54957 Title: Acting City Manager

3.7 CONFERENCE WITH LEGAL COUNSEL: ANTICIPATED LITIGATION - SIGNIFICANT

EXPOSURE TO LITIGATION
Pursuant to Government Code Section 54956.9 (d)(2) and/ or (3) Three Potential Cases City Council Adjourned to Closed Session at 2:06 p.m.

4. ADJOURNMENT
The Special City Council meeting adjourned at 5:02 p.m.

Minutes prepared by:

The entire discussion of this meeting may be viewed here:
https://banningca.granicus.com/player/clip/218?view_id=1&redirect=true 23 1
The following information comprises the agenda for the regular meeting of the Banning City Council, a joint meeting of the City Council and Banning Utility Authority, and the Banning City Council sitting in its capacity as the Banning Successor Agency Board.

CITY COUNCIL - REGULAR MEETING

CITY OF BANNING, CALIFORNIA
July 8, 2025 Council Chambers
5:00 p.m. 99 E. Ramsey Street
In Chambers Banning, CA 92220
COUNCIL MEMBERS PRESENT: Council Member Cynthia Barrington Mayor Sheri Flynn
Council Member Leroy Miller
Mayor Pro Tem Richard Royce
Council Member Colleen Wallace
COUNCIL MEMBERS ABSENT: None
OTHERS PRESENT: Phaedra Norton, Interim City Attorney
Vickie Sellers, City Clerk’s
Arturo Vela, Acting City Manager

1. CALL TO ORDER

1.1 INVOCATION
Performed by Pastor Doug Purcell of Banning United Methodist Church

1.2 PLEDGE OF ALLEGIANCE

1.3 ROLL CALL

COUNCIL MEMBER PRESENT ABSENT
Barrington, Cynthia X
Flynn, Sheri X
Miller, Leroy X
Royce, Richard X
Wallace, Colleen X

2. AGENDA APPROVAL

2.1 AGENDA APPROVAL
Council Member Wallace requested item 8.4 be moved after consent Items.

Mayor Pro Tem Royce requested item 8.6 be moved after item 8.4.

Motion by Council Member Wallace
Seconded by Mayor Pro Tem Richard Royce

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
24 2
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion approved by a vote of 5-0-0.

Remarks from Mayor Flynn:

A statement was made addressing ongoing negativity and personal attacks related to the city. She emphasized a commitment to focusing on solutions, transparency, and collaboration to ensure Banning’s success. A call was made for both colleagues and the community to work together constructively, acknowledging challenges, while promoting respect, unity, and civic engagement.

Appreciation was expressed for the continued efforts of city staff.

3. PRESENTATIONS

3.1 City of Banning Purchasing Department has been awarded the National Procurement Institute's Achievement of Excellence in Procurement (AEP) award for 2025.

Barbara Mason, Chief Procurement Officer recognized Procurement staff for their hard work and dedication to the City of Banning and the procurement profession.

3.2 Acorns to Oaks Presentation
The scheduled presentation was unable to proceed due to the City Manager’s absence. No alternate presenter was available. A handout included in the agenda contains information on the program.

4. REPORT ON CLOSED SESSION
Closed Session Report – Presented by Interim City Attorney Phaedra Norton:

The City Council convened at 2:00 p.m. for closed session to discuss items 3.1 through 3.7. • Item 3.1 - Conference with Labor Negotiators: No reportable action. • Itesm3.2 - Conference with Legal Counsel: Pending Litigation: Direction was given, no reportable action.
• Items 3.3 & 3.7- Combined discussion: No reportable action. • Item 3.4 - Public Employee Discipline/Dismissal/Release: The Council expressed appreciation to Acting City Manager Robert Fisher for his service. Mr. Fisher, a longtime Police Lieutenant, will return full-time to the Police Department to devote his full time and attention to public safety duties. Effective immediately, he is released from the Acting City Manager role. A special meeting is scheduled for July 10 at 5:30 p.m. to consider the appointment of a new Acting City manager. The vote was 4-1:

COUNCIL MEMBER YES NO
Barrington, Cynthia X
Flynn, Sheri X
Miller, Leroy X
Royce, Richard X Wallace, Colleen X
• Items 3.5 & 3.6 – No reportable action.

5. PUBLIC COMMENTS, CORRESPONDENCE, APPOINTMENTS, AND REPORTS

5.1 PUBLIC COMMENTS
David Hanson speaking on behalf of Tanawah Downing and the We Shall be Free movement, provided notice to the City of Banning regarding alleged constitutional violations by the State of California. He cited concerns about the use of criminal charges without grand jury indictments, 25 3
emoluments violations, ad unlawful actions by public officials and courts. He urged the City to ensure its officials act in compliance with the U.S. Constitution and stated he had a formal notice to place on the record.

Inge Schuler expressed concern about the ongoing absence of regular monthly utility billing statements since November. She requested a report on the issue at the next City Council meeting in August and urged the City to resolve the problem and provide clear billing information to residents.

Sue Savage addressed concerns regarding homelessness in Banning and clarified rumors circulating on social media alleging inappropriate behavior at a prior council meeting. She denied the claims, emphasized the importance of integrity and respectful discourse, and called on the community to focus on solutions – particularly in supporting he unhoused.

Pastor David Kieffer clarified that he did not witness or report the incident being discussed on social media. He stated he only saw the claims online and did not make any accusations.

5.2 CORRESPONDENCE
Staff reported that a letter was received on behalf of Western Carpenters regarding Item 7.2. It was noted that the letter would be read aloud during public comment for that specific agenda item.

A letter from Rod Curtis Todd was read into the record at his request by Mayor Flynn. In the letter, Mr. Todd announced the shutdown of the “Positively Banning” Facebook page, citing the spread of misinformation, hateful comments, and personal attacks. He expressed support for Mayor Flynn and frustration with how she has been treated. Mr. Todd stated that he and his family relocated to Texas, where he described the community as more respectful and supportive.

5.3 APPOINTMENTS
None

5.4 CITY COUNCIL COMMITTEE REPORTS
Council Member Wallace reported on attending the SANDBAG (San Diego Association of Governments) meeting. Topics included a strong budget outlook, progress on the Calexico Transportation Center (expected completion by October), and updates on efforts to address the U.S.-Mexico transboundary pollution crisis, including rehabilitation on the San Antonio de los Buenos Wastewater Treatment Plant.

Council Member Barrington reported attending a ribbon-cutting ceremony for the new Century 21 Realty office serving Sun Lakes.

Council Member Miller reported attending a recent board workshop focused on setting goals for FY 2025-26, which included a presentation and an informative session from an external company.

Also attended a League of California Cities regional luncheon (High Desert, Inland empire, Riverside divisions) in Riverside, where the discussion centered on Proposition 36. Speakers included district attorney and law enforcement leaders from Riverside and San Bernardino. The discussion highlighted efforts to strengthen enforcement and reclassify certain offenses to support more serious legal consequences.

Mayor Flynn reported attending the June 27 ribbon-cutting ceremony for Century 21 Sun Lakes Realty and the June 30 League of California Cities joint meeting in Riverside. The event focused on Proposition 36 (Homeless Drug Addiction and Theft Reduction Act), which was passed by 70% of California voters in November 2024 and became effective in December 2024. Key provisions include the creation of “wobbler” offenses-crimes chargeable as either felonies or misdemeanorsand treatment-mandated felony options. Mayor Flynn noted concerns about inadequate state 26 4
funding for mental health and addiction services, with only $100 million allocated statewide, despite calls for that amount in Riverside County alone.

5.5 ANNOUNCEMENTS FROM CITY COUNCIL MEMBERS
Council Member Wallace It was announced that there will be no town hall meetings in July or August due to summer vacations. Town halls will resume on Saturday, September 4 at 4:00 p.m. at Roosevelt Williams Park.

Mayor Pro Tem Royce Thanks were extended to everyone who attended the 4th of July event. Special appreciation was given to City staff, volunteers, vendors, and the community for making the event a success.

Council Member Barrington A heartfelt thank you was given to CAL FIRE for their rapid and effective response to the Wolf Fire near Highway 243. She described witnessing the fire up close and expressed gratitude for the air tankers and ground crews that quickly brought the situation under control, emphasizing the importance of having CAL Fire’s support in the community.

Council Member Miller thanked everyone who attended the 4th of July event and gave a special shout-out to Brianna for her outstanding performance of the National Anthem. He also expressed appreciation for CAL FIRE, noting improvements in communication through regular briefings with local officials, which help keep the public informed.

Mayor Flynn announced that a town hall meeting will be held in Sun Lakes on July 14 (time TBD).

This is the last City Council meeting before the summer recess; the Council will go dark until next meeting on August 26.

5.6 CITY MANAGER'S REPORT
Michelle Green, Interim Administrative Services Director provided an update on the Finance Department’s current status. Key points included:
• The department has faced multiple staff vacancies, extended leaves, low morale, and lack of standard operating procedures (SOPS), resulting in significant operational delays. • Currently, six positions are vacant, with some in recruitment and other pending Council action. • Consultants are assisting with bank reconciliations and will support FY 2025 year-end procedures.
• The team is working to restore key financial reports, including investment and warrant reports, which are expected to return to Council in August.
• Full catch-up on FY 2025 records will take several months due to extent of backlog and new staff onboarding needs.
• The Importance of hiring a permanent Finance Director to maintain momentum and ensure continuity before critical upcoming deadlines.

Art Vela, Public Works Director provided Utility Billing Update:
• January bills are complete and either delivered or in the mail; February bills are being processed and expected to be completed by mid-July.
• Customer portal is active, and credit card payments are now accepted. • Utility billing is expected to be fully caught up by October-November with current staffing levels. • Utility billing relies on a small, overstretched team, and the process is highly manual, requiring account-by-account inspection and occasional field re-reads. • Internal coordination meetings will be held more frequently to track progress. • Possible temporary staff reassignments and cross-training customer service reps are being explored.
• A proposal to issue a single catch-up bill was rejected due to complications.

5.7 CITY ATTORNEY'S REPORT 27
5 Phaedra Norton, Interim City Attorney reviewed provisions from the City Council’s adopted Manual of Procedures, emphasizing the importance of:
• The Presiding Officer’s authority in ruling on point of order, subject to appeal. • Council member speaking rights, including when interruptions are permitted. • The obligation of civility and courtesy among Council members, staff, and the public. • The expectation that public attendees follow the same decorum standards as the legislative body.
• All remarks should be addressed to the Presiding Officer (Mayor), not individual members or staff.

5.8 CITY TREASURER'S REPORT
Sue Savage, City Treasurer raised concerns about unresolved meetings regarding City investments and bank account signers due to the City Manager’s absence. She encouraged the use of NaviLine software features to help resolve utility billing delays. She also recognized Economic Development Manager Marisol Lopez for securing a $6,000 scholarship that will benefit the City without cost. She expressed appreciation for staff efforts and emphasized the importance of fiscal responsibility.

6. CONSENT ITEMS

6.1 Consideration of Resolution 2025-03 UA, Authorizing the Purchase of a 2026 Ford F-550 Regular Cab Chassis with a Wach’s Valve Skid for a Total Cost of $232,257.01.

6.2 Consideration of Resolution 2025-98, Approving the Cooperative Agreement with Riverside County for Fire Services.

6.3 Consideration of Resolution 2025 -99, Approving a Professional Services Agreement (C01134) with Rincon Consultants, Inc. for Preparation of Annual Progress Reports on Housing to Fulfill Statutory Mandates Under Government Code Section 65400 and 65700.

6.4 Consideration of Resolution 2025-100, Amending Administrative Policy (AP) No. B-35 – Grant Management/Administration.

6.5 Consideration of Resolution 2025-101, Approving Amendment No.1 to the Professional Services Agreement with Rick Engineering, Inc. in the Amount of $20,930 for the Design of Ramsey Street Water Main Replacement.

6.6 Consideration of Resolution 2025-102, Approving Final Parcel Map 38659 and Release the Map for Recordation; Authorize Staff to Sign the Project Improvement Agreement and Final Parcel Map; Accept Faithful Performance and Labor and Material Bonds for Public Improvements.

6.7 Consider Resolution 2025-103, Approving a 2-Year Contract with a 1-Year Optional Extension to Terminix International Company, LP For City Wide Facilities and As-Needed Pest Control Services For a total of $75,000.

6.8 Consideration of Resolution 2025-104, Amending the Classification & Compensation Plan for the City of Banning.

6.9 Consideration of Resolution 2025-105, Rescinding City Council Resolution 2025-59, Resolution 2025-60, and Ordinance 1609 for Approvals Related to an Industrial Development Consisting of 1,320,284-Square Foot Warehouse Building on Approximately 131.28-Acres of Vacant Land Generally Located East of Hathaway Street and North of Interstate 10.

6.11 City of Banning’s Hexavalent Chromium Compliance Plan.

6.12 Accepting a Quitclaim of Existing City Easements Related to the Improvement of Tract Map No. 37389-6, PA 9A Within the Atwell Specific Plan.

6.13 Consideration of Second Reading and Adoption of Ordinance 1610, Adopting the Fire Hazard Severity Zones within the City of Banning Based on Maps Provided by the California Department of Forestry and Fire Protection by Amending the Banning Municipal Code Section 8.16.020 and Chapter 15.28.

Council Member Barrington removed items 6.1, 6.7, 6.9 and 6.10 28 6 Mayor Flynn pulled item 6.3
The following items were not removed by the Council: 6.2, 6.4, 6.5, 6.6, 6.8, 6.11, 6.12, 6.13 Motion by Council Member Wallace to approve the items not removed.

Seconded by Council Member Miller

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed.

Mayor Opened Public Comment
Rita Chapparosa former Deputy HR Director expressed support for item 6.8, she emphasized the importance of hiring a Human Resources Director under the City Manager. She emphasized the need for efficient recruitment and policy implementation and offered assistance with recruitment efforts.

Closed Public Comment
Item 6.1 was discussed by staff and Council.

Mayor Flynn opened public Comment.

No public comment
Closed Public Comment
Motion by Council Member Wallace to approve Resolution 2025-03 UA.

Seconded by Council Member Barrington

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Motion Carried (5-0-0) passed.

Item 6.3 was discussed by staff and Council.

Mayor Flynn opened public Comment.

No public comment
Closed Public Comment
Motion by Council Member Barrington to approve Resolution 2025-99.

Seconded by Council Member Wallace

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed 29
7 Item 6.7 was discussed by staff and Council.

Mayor Flynn opened public Comment.

No public comment
Closed Public Comment
Motion by Council Member Miller to approve Resolution 2025-103.

Seconded by Mayor Flynn

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed
Mayor Flynn opened public comment for Item 6.9
No public comment
Closed Public Comment
Motion by Mayor Pro Tem Royce to approve Resolution 2025-105, Rescinding City Council Resolution 2025-59, Resolution 2025-60, and Ordinance 1609 Seconded by Council Member Wallace

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed
Item 6.10 was discussed by staff and Council.

Mayor Flynn opened public Comment.

No public comment
Closed Public Comment
Motion by Council Member Wallace Accepting Easements from North Pointe Development for Right Away, Maintenance and Access, and Temporary Construction necessary for the Sun Lakes Boulevard Extension Project.

Seconded by Mayor Pro Tem Royce

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8.4 Consideration of Resolution 2025-111, Authorizing a Property Rental Agreement for the Wanderlust Pop-Up Food Truck Festival through December 27, 2025, the Extension of the Event's Temporary Use Permit (TUP) and the Continued Waiver of Certain Fees Associated with Event
30 8
Recommendation: To guide the City’s decision-making, staff recommends the City Council consider the following two primary options:

Option 1: Authorize approvals for extending event on Sundays through December 2025 (or July 2026) at 150 E. Ramsey Street, require Applicant cover sanitary costs, and waive fire inspection fees.

Option 2: Authorize approvals for the event as an annual seasonal summer event from the first Sunday in June through the last Sunday in August at 150 E. Ramsey Street.

Provide direction on responsibility of sanitation for event, including possibility of City constructing a porta -potty enclosure and continue covering sanitation services through 2027, with annual Council review.

David Newell, Community Development Director noted initial strong attendance but a slight decline recently. The applicant is seeking a rental agreement to continue the event. The City has subsidized about $6,000 so far. Option 1 and Option 2 were discussed.

Option 3: move the event to Repplier Park.

Staff answered clarifying questions for Council.
• Council discussed extending the Wanderlust Food Tuck Festival. • Sales tax tracking was raised; business licenses could help. • Applicant offered to cover restroom costs if allowed to build an enclosure. • Suggested relocating to Repplier Park, but Mayor Flynn preferred the current location for visibility.
• Strong community support noted; applicant confirmed no added city costs for improvements.

Mayor Flynn opened public comment
Harry Sullivan expressed initial concern about exclusive use of the event site, preferring the cityowned parcels be sold. He supports relocating the food truck festival to the Community Center parking lot, citing better amenities (lighting, restrooms, skate park), and believes restroom vandalism could still be an issue even with new structures Resident shared that he interviewed 50 attendees, all providing positive feedback. Visitors came from Palm Springs and Beaumont and praised Banning for hosting the event. He encouraged continuing the festival.

Juanita Diaz expressed strong support for keeping the food truck event at its current location near the freeway, citing visibility and convenience. She opposed moving it to the park, felt fire inspection requirements were excessive. Urged the City to support the event and community.

Sue Savage suggested removing and returning the portable toilets weekly to prevent damage and ensure cleanliness for the Sunday food truck events.

Edward Espinoza supported keeping the food truck event downtown, citing its role in revitalizing Banning and attracting visitors from surrounding cities. Emphasized its value in drawing attention to the city for future business opportunities. Acknowledged restroom issues but noted they are common and not unique to the event.

Closed Public Comment
Ongoing issues with the port-o-potty location was discussed. Concerns were raised about hazardous asphalt at the site, which caused tripping incidents. Council Member Miller suggested that fixing the asphalt should be a top priority.
31 9
Council Member Barrington expressed support for keeping the food truck event downtown, noting the circular layout allows easy viewing of all trucks and fosters community interaction. She suggested the property could remain for sale while still being used, and if it sells, the event could move to the park.

Nate Smith, Deputy Director of Public Works explained the City uses cold mix patching for asphalt repairs but lack the equipment for full paving. Due to the poor condition of the pavement, hiring a paving contractor would be necessary. Staff will explore options and costs, possibly including chip seal or mill and fill, and bring estimates back for consideration. It was noted that improving the pavement would also help the property’s appearance if put up for sale. Estimated cost could be around $100,000.

Motion by Mayor Flynn to Approve Resolution 2025-111, authorize approvals for extending event on Sundays through December 2025 at 150 E. Ramsey Street, require Applicant cover sanitary costs, waive fire inspection fees, revisit in January 2026 and allow the applicant to erect permanent structures around bathrooms.

Seconded by Council Member Barrington.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8.6 Consideration of Resolution No. 2025-112 to Approve Budget Appropriation to fund the S WAG contract
Vince Avila, Chief of Police provided the staff report.

Mayor Flynn opened public comment.

Sue Savage acknowledged the delayed start with SWAG since February but expressed appreciation for the City Council addressing homelessness and thanked SWAG for partnering with the City.

Juanita Diaz expressed support for SWAG’s upcoming start, emphasizing the need for new approach to addressing homelessness in Banning. She acknowledged limitations due to police staffing and emphasized that SWAG can help those willing to change.

Mayor Flynn closed public comment.

Council Member Barrington said SWAG is not preplacing exiting programs but adding to them. It will not affect churches, the Salvation Army, or Opportunity village, which focuses on housing.

SWAG provides outreach, not housing, and is another partner in addressing homelessness.

Chief Avila confirmed the $582,024 cost would impact the general fund. Finance staff said the city has the cash flow to cover the contract, though it would reduce reserves. It would not affect upcoming audits, as long as funds are available and the expenditure is approved by council.

Mayor Flynn noted savings of at least $609.000 from Opportunity Village staffing and other salaries, calling the SWAG appropriation a cost-effective step forward. 32 10
Motion by Mayor Flynn to Adopt Resolution 2025-112, approving appropriation for SWAG for SWAG contract in the amount of $48,502/month for a not to exceed total of $582,024 for FY2026 from the General Fund
Seconded by Council Member Barrington

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-1-0) passed

7. PUBLIC HEARINGS

7.1 Public Hearing on Vacancies to Comply with Assembly Bill 2561 Recommendation: Hold a public hearing; and receive and file this report in compliance with AB 2561.

Nicole Jews, Human Resources Manager presented AB 2561 requirements for annual public hearings on job vacancies, recruitment, and retention. As of June 1, 2025 the City had 249.7 budgeted FTEs, 199.2 filled, and 43.5 vacant (17.92% vacancy rate). Some classifications exceed 20% vacancy, with efforts, underway to improve. Updates include recent resignations (Transmit manager, Administrative City Clerk) and hires (Planning Manager, Dispatcher), with onboarding in-progress for two additional positions. Recruitment will resume once approved.

Mayor Flynn opened the public hearing at 7:41 p.m.

No Public comments
Mayor Flynn closed the public hearing at 7:42 p.m.

Item was received and filed by Council.

7.2 Consideration of (1) Resolution 2025-106, Approving the Banning Commerce Center Project by Sansone Group, Including a Design Review Application, Case DR 21-7017, for the Construction of a 1,320,284-Square Foot Industrial Warehouse Building on 131.28-acres of Land Generally Located North of the I-10 Freeway/E. Ramsey Street, East of N. Hathaway Street and Bisected by Wilson Street ("Project Site") and a Tentative Parcel Map Application, Case TPM 38576, for the Subdivision of the 131.28-acre Project Site into Three Numbered Lots for Private Development Improvements and Four Lettered Lots for Right-of-Way and Other Improvements; (2) Resolution 2025-107, Certifying the Environmental Impact Report (SCH No. 2022090102), Adopting Findings and a Statement of Overriding Considerations, and Adopting a Mitigation Monitoring and Reporting Program for the Banning Commerce Center Project Consisting of a 1,320,284-Square Foot Industrial Warehouse Building on 131.28-acres of Land Located on the Project Site; and (3) Introduction and First Reading of Ordinance 1611, Approving a Development Agreement By and Between the City of Banning and JDJN Enterprises, LLC, a Missouri Limited Liability Corporation
Recommendation:

1. Adopt Resolution 2025-106.

2. Adopt Resolution 2025-107.

3. Introduce and conduct first reading of, by title only, Ordinance 1611: AN ORDINANCE OF

THE CITY COUNCIL OF THE CITY OF BANNING, CALIFORNIA, APPROVING A

DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF BANNING AND JDNJ

ENTERPRISES, LLC, A MISSOURI LIMITED LIABILITY CORPORATION 33 11
David Newell, Community Development Director provided the staff report.

Mayor Pro Tem Royce asked if the CFD rate of $0.10 per square foot was standard, noting it seemed low for a large warehouse. Staff responded that the rate was based on comparable cities, was above average in some cases, and considered a variety of building sizes.

Council Member Miller inquired if prior concerns regarding Hargrave and Ramsey had been addressed. Staff stated a condition was added requiring a study at that intersection, to be submitted under the current resolution’s conditions.

Mayor Flynn opened the public hearing at 8:01 p.m.

Andrew Melling of the Western States Regional Council of Carpenters, expressed support for the project. He noted Sansone Group is committed to hiring locally and using state-certified apprenticeship programs.

Robert Ramos representing Ironworkers Local 416, spoke in support of the project, emphasizing the applicant’s commitment to hiring local skilled workers and providing career advancement with middle-class wages and benefits. He urged Council to support the project.

Amy Smith, speaking for CARE California, expressed support for the project and the developer.

She highlighted the benefits to the City of Banning’s economy and community, urging Council to approve the project.

Written comments on behalf of WSRCC supporting the Banning Commerce Center Project were sent by Jeremy Hewitt Esquire, He noted the project’s benefits to the environment and local economy through worker safety protocols and environmental mitigation.

Motion by Mayor Pro Tem Royce to Adopt Resolution 2025-107 Seconded by Council Member Miller

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed
Motion by Mayor Pro Tem Royce to Adopt Resolution 2025-106 Seconded by Council Member Wallace

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed
City Clerk read Ordinance 1611 by title only.

Motion by Mayor Flynn to Introduce and conduct first reading of Ordinance 1611 Seconded by Council Member Wallace
34 12

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8. REPORTS OF OFFICERS

8.1 Consideration of Resolution 2025-108, Authorizing the Submittal of a Grant Application Under the Bureau of Reclamation WaterSMART: Title XVI WIIN Act Water Reclamation and Reuse Program for Fiscal Year 2023 and for Fiscal Year 2024 for up to 25% of the Total Project Costs, Up To $30 Million, for the Wastewater Treatment Plant and Recycled Water Upgrades and Authorizing the City Manager to Executed Related Grant Agreement to Receive Funding Recommendation: Adopt Resolution 2025-108.

Art Vela, Acting City Manager said the project addresses aging infrastructure, regulatory compliance, and recycled water production. Past actions include agreements with N2W Engineering and AECOM Lyles Joint Venture. The City was awarded $16.19M under the Title 16 program after revising its application. Resolution confirms the City’s financial/legal obligations, designates an authorized representative and affirms support for the application.

Mayor Flynn opened public comment.

No public comment.

Mayor Flynn closed public comment.

Motion by Council Member Wallace to Adopt Resolution 2025-108.

Seconded by Council Member Miller

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8.2 Consideration of Resolution 2025-109, Authorizing the Submission of an Application to the California Infrastructure and Economic Development Bank for Financing for the Wastewater Treatment Plant and Recycled Water Upgrades Project
Recommendation: Adopt Resolution 2025-109.

Art Vela, Acting City Manager provided the staff report. Authorize submission of an I-Bank financing application for up to $25M to fund the Wastewater Treatment Plant and Recycled Water Upgrades Project. Funding will combine grant funds, multiple City funds, and debt financing. I- Bank was selected over other options for faster turnaround and lower interest rates, with potential savings up to $1.3 M compared to Revenue Bonds. Resolution authorizes the application, intent to reimburse with loan proceeds, and authority to enter a financing agreement, without obligating the City to take the loan.

Mayor Flynn opened public comment.

No public comment.
35 13
Mayor Flynn closed public comment.

Motion by Mayor Pro Tem Royce to Adopt Resolution 2025-109.

Seconded by Council Member Wallace.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8.3 Consideration of Resolution 2025-110, Approving an amendment to Purchasing Policy No.

B-30 to streamline and enhance the procurement and purchasing process Recommendation: Adopt Resolution 2025-110.

Barbara Mason, Chief Procurement Officer provided the staff report. Amendments to Purchasing Policy-Sections 3-105 and 3-05.7. Changes remove exceptions covered elsewhere, limit them to warehouse inventory items, and allow City Manager/designee to approve purchases over $25K with Council ratification within two meetings. Replaces large blanket orders with per-purchase approvals for greater transparency and oversight while ensuring timely procurement of critical materials.

Mayor Flynn opened public comment.

No public comment.

Mayor Flynn closed public comment.

Motion by Council Member Wallace to Adopt Resolution 2025-110.

Seconded by Council Member Royce.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0-0) passed

8.5 Consideration of Resolution 2025-97, Authorizing the Budget Appropriation for Lease Payments on Motorola Radios, Purchased Under Prior Resolution 2024-22, in an Amount Not to Exceed $641,560.80
Recommendation: Approve Resolution 2025-97.

Brandon Smith, Acting Police Captain provided the staff report. Corrects lease terms for 50 Motorola radios for Police Department. Actual lease is five years totaling $641,1560.80, with annual payments of $128,312.16. Initial one-year deferral ended; payments now due. No grant funding was obtained; lease payments will be covered by General Fund.

Mayor Pro Tem Royce expressed concern over the high cost of $13,000+per radio, noting other agencies paid about half that amount. He questioned why no grant funding was pursued despite prior mentions; staff confirmed no grant application was ever submitted. 36 14
He highlighted that smaller agencies like Banning typically join larger regional purchasing groups to get better pricing and emphasized the need to greater transparency and cost-effectiveness going forward.

Staff said lease payments were scheduled to start June 1 and are now due. He clarified that previous resolution didn’t clearly communicate that General Fund dollars would cover payments if no grant was secured. Currently, no late fees are being charged on the lease payments.

Mayor Flynn opened public comment.

Frank Connelly questioned the high radio lease costs and called for accountability. He suggested termination for city staff involved mishandling the purchase, and linked the issue to broader financial concerns for the city.

Mayor Flynn closed public comment.

The contract allows renegotiation but no standard termination without cause.

Termination is only possible if a default occurs and isn’t cured. Renegotiation or ending the agreement may be difficult without mutual agreement.

The five-year lease totals about $641,568 with the first year deferred. Mixed language in prior resolutions caused confusion. Grants were initially planned but delayed due to staff changes.

General efforts continue, including one for $80,000 via Emergency Management, awaiting confirmation.

Radios have separate monthly fees for cellular service and Motorola Connect tracking. Officers have cell phones, and advanced features such texting and emailing on the radios are disabled.

Exact monthly cost is unknown.

Motion by Council Member Wallace to Adopt Resolution 2025-97.

Seconded by Council Member Miller.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-0-1) passed

9. DISCUSSION ITEMS

9.1 Chamber of Commerce lease agreement
Recommendation:

Review lease agreement between the City of Banning and the Banning Chamber of Commerce Phaedra Norton, Assistant City Attorney requested direction from Council.

The Banning Chamber of Commerce previous lease expired; rent was $5 for building and parking lot use for five years. The Chamber had prior agreement with Southern California Gas Company (2006-2019). Council was asked to provide direction on whether to renegotiate the lease, continue without a lease, or consider other options. 37 15
Questions were raised about how Southern California Gas paid the Chamber a lump sum of about $212,000 reportedly based on monthly rate of around $2,000 for a 13-year lease term.

The lease prohibited subleasing but the Chamber was subleasing the property.

New Chamber Director says current lease with Gas Company is $3,500/month. The City owns the building; The Gas Company subleases from the Chamber without clear approval records.

Lease dates back decades and likely expired. Council agrees lease needs renegotiation.

Council agrees to table lease decision due to missing original agreement and begin fresh negotiations with Chamber. Gas Company plans to vacate within a year. City Attorney said Council will guide lease talks, possibly in closed session.

Mayor Flynn opened public comment.

Frank Connelly said the Chamber leases city building cheaply and subleases to the Gas Company to held fund operations. Gas Company moved here for resident convenience. He encouraged the Council to keep the Gas company in town for everyone’s benefit.

Mayor Flynn closed public comment.

Motion by Mayor Pro Tem Royce to table the item.

Seconded by Council Member Miller

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0) passed

10. ITEMS FOR FUTURE AGENDAS

10.1 NEW ITEMS
None

10.2 EXISTING ITEMS
Phaedra Norton, Assistant City Attorney said the Morongo Band of Mission Indians submitted new comments on the Banning Commerce Center Project’s mitigation measures after the council’s initial approval. Staff reviewed and found the measures reasonable and implementable. The council is being asked to reconsider the item to include this information in the official record and avoid procedural issues, primarily related to the environmental impact report. The proper process is to make a motion to reconsider the item.

Motion by Mayor Pro Tem Royce to reconsider Resolution 2025-107.

Seconded by Council Member Wallace.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri 
Miller, Leroy 
Royce, Richard 
Wallace, Colleen 
Motion Carried (5-0) passed
38 16
David Newell, Community Development Director read letter received (Attachment 1) During the discussion, a point of order was raised regarding Council Member Miller’s potential conflict of interest and whether he should recuse himself due to financial involvement as per the 1090 regulations.

Council Member Miller agreed and recused himself from voting on this item.

Motion by Mayor Pro Tem Royce to reconsider Resolution 2025-107.

Seconded by Council Member Wallace.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri  
Miller, Leroy
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-0-1) passed
Mayor Flynn reopened the Public Hearing at 9:12 p.m.

There was some initial confusion about who would be responsible for costs related to the new environmental mitigation measures, such as handling artifacts or human remains if discovered. It was clarified that these costs would be covered by the developer.

Mayor Flynn closed Public Hearing at 9:14 p.m.

Motion by Council Member Wallace to Adopt Resolution 2025-107.

Seconded by Mayor Pro Tem Royce.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri  
Miller, Leroy
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-0-1) passed
City Clerk read Ordinance 1611 by title only.

Motion by Council Member Wallace to Adopt Ordinance 1611.

Seconded by Mayor Flynn.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
Barrington, Cynthia 
Flynn, Sheri  
Miller, Leroy
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-0-1) passed
Motion by Mayor Pro Tem Royce to Adopt Resolution 2025-106.

Seconded by Council Member Wallace.

COUNCIL MEMBER YES NO ABSTAIN RECUSE ABSENT
39 17
Barrington, Cynthia 
Flynn, Sheri  
Miller, Leroy
Royce, Richard 
Wallace, Colleen 
Motion Carried (4-0-1) passed

11. ADJOURNMENT
The meeting adjourned at 9:17 p.m.

Minutes prepared by:

The entire discussion of this meeting may be viewed here:
https://banningca.granicus.com/player/clip/219?view_id=1&redirect=true All documents related to this meeting are available here:
https://d3n9y02raazwpg.cloudfront.net/banningca/a2751147-76d7-11ef-9b71-005056a89546- 58aff184-fc89-4a54-a5ea-bd1452aedb38-1751577099.pdf
40 TRIBAL HISTORIC PRESERVATION OFFICE
12700 Pumarra Road – Banning, CA 92220 – (951) 755-5259 – Fax (951) 572-6004 – [email protected]

VIA ELECTRONIC MAIL
[email protected]
David A. Newell AICP
City of Banning
Director, Community Development Department
99 East Ramsey Street
Banning, CA 92220
June 12, 2025
Re: AB52 Consultation: Banning Commerce Center, City of Banning, Notice of Public Hearing Dear Director Newell:

The Morongo Band of Mission Indians (Tribe/MBMI) Tribal Historic Preservation Office (THPO) received on May 5, 2025, notice of Public Hearing to be held May 13, 2025, for the Banning Commerce Center Project by the Sansone Group for the Design Review (Project). MBMI was not able to attend the Public Hearing but was able to review the Environmental Impact Report (EIR) and the Mitigation Measures (MM) for the Project.

In this review, THPO noticed that the MM were not complete, and did not follow all our requests for Cultural Resources and Tribal Cultural Resources discussed during our consultations in 2023. Although our request for Tribal Monitoring was included in the MM, there is an absence of the following items:
(1) In the event that human remains are inadvertently discovered during the Project, NO PHOTOGRAPHS

WILL BE TAKEN EXCEPT BY THE CORONER AND WITH THE EXPRESS WRITTEN PERMISSION OF TRIBE. No unauthorized person shall enter the area, etc. (2) That a plan should be in-place to establish what will happen when an inadvertent discovery is made:
i.e., establishment of an Environmentally Sensitive Area (ESA), archaeological evaluation regarding eligibility to the California and/or National Record, treatment plan for the resource, etc. The cultural resource firm that is contracted should be able to prepare this; please ask to include specifics. (3) A plan for the disposition of any cultural or tribal cultural items is to be in place before the Project begins.

This means that a plan will be in place to rebury any cultural items on the Project parcel in an area where they will not be disturbed in perpetuity or that arrangements will be made with a Federally approved Repository for curation in perpetuity (at the expense of the project proponent) or that the ownership of any pre-contact cultural or tribal cultural items will be transferred to MBMI by mutual agreement between Tribe and the project proponent.
(4) The Archaeologist (i.e., the contractor who will be responsible for following the MM) should be designated as “U.S. Department of the Interior-qualified.” Attachment 1
41 Page | 2
12700 Pumarra Road – Banning, CA 92220 – (951) 755-5259 – Fax (951) 572-6004 – [email protected] As background information, MBMI THPO and the City of Banning had several letter exchanges in midAugust of 2023, regarding the requests of Tribe. These were with Mark Manacor who was a Contract Planner for the City of Banning at that time. During that exchange, a list of MBMI Standard Mitigation Measures was provided. For your convenience, I am again attaching that to this email.

MBMI would be most appreciative if these items could be added to the MM for the Banning Commerce Center Project. Please contact Tribe should you wish to discuss this request. MBMI looks forward to continuing government-to-government consultation and working with the Community Development Department of the City of Banning. Working together, MBMI can be assured that our ancestors and their possessions will be treated with respect and disposed of in an appropriate manner.

Thank you very much for your consideration. Please confirm that you have received this letter. If you would like to arrange an on-line consultation, please contact me or Dr. Schneider.

If you have any questions or concerns, please contact me, Bernadette Ann Brierty, Tribal Historic Preservation Officer (THPO): [email protected], [email protected] or (951) 663-2842.

Respectfully,
Bernadette Ann Brierty
Tribal Historic Preservation Officer
Morongo Band of Mission Indians
CC: Morongo THPO
42 CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Barbara Mason, Chief Procurement Officer
Barbara Mason, Chief Procurement Officer
MEETING DATE: August 26, 2025
SUBJECT: City Council Travel and Conference Expense Report Year to Date Through June 2025
RECOMMENDATION:

Receive and file.

BACKGROUND:

The City Council attends many events, conferences, and training sessions while serving the City of Banning. The rules for these events and expenses are enforced by the Reimbursement Policy for Elected and Appointed Officials as well as by Policy E-3 Travel and Meeting Policy.

JUSTIFICATION:

As part of the Reimbursements Policy for Elected and Appointed Officials each official must briefly report on outside meetings, and all City reimbursement expenditures are subject to disclosure under the Public Records Act and other applicable laws. This monthly report will enable the City to comply with this requirement.

FISCAL IMPACT:

All expenditures under this category are from account 001-1000-411.23-05. As of June 2025, the total charges expensed to this account is $21,962.93 which excludes April 2025 to June 2025 Pcard charges.

It is anticipated that next month's report will include these charges on the report.

ALTERNATIVES:

Providing statistics keeps the Council, staff, and residents apprised of current council activities. If the statistics are not presented to the Council on a regular basis, then they should be provided on another platform.

BUDGETED?:

Yes
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. June 2025_Council_Travel_report.pdf
43 44
45 46
47 48
49 50

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Barbara Mason, Chief Procurement Officer
Barbara Mason, Chief Procurement Officer
MEETING DATE: August 26, 2025
SUBJECT: Receive and File Contracts Approved Under the City Manager's Signature Authority and Inventory Reports for June and July 2025 RECOMMENDATION:

Receive and file.

BACKGROUND:

Per Purchasing Policy B-30, 3-105(5), written notification by the Purchasing Officer of all City Manager approved contracts will be provided quarterly to the City Council for review, and 16-107(3), The City Manager, or his designated representative, shall make a monthly written report to the City Council as to all Change Orders approved by the City Manager during the month, and of all possible future Change Orders that may appear probable prior to the next monthly report. At a minimum, the City Manager shall provide the Council with the name and nature of the contract, all Change Orders approved during that month, the reason for the Change Orders, the cumulative amount of the Change Orders for that contract, and any additional information the Council requests.

JUSTIFICATION:

While the policy requires contracts signed under the City Manager’s signature authority to be submitted to City Council on a quarterly basis, it is staff’s intent to submit these reports on a monthly basis to provide continuity with other monthly reports submitted to Council.

FISCAL IMPACT:

None
ALTERNATIVES:

Failure to provide this report to the City Council would result in the City being out of compliance with Purchasing Policy B-30,3-105(5).

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. 2025-08 Aug 2025 Executed Contract Below $25K for July 2025.pdf 51 2. 2025-08 Aug 2025 Executed Contract Below $25K for June 2025.pdf 52 City Manager
Approval Date Vendor Name Description of Item/Service Contact Award Total Department/ Division Comments
7/21/2025 So Cal Arbor Care, Inc Clean Up Downed Branches at Sylvan Park 1,200.00 CS - Parks CUPCCAA 4/8/2025 SCPPA - Pandora Task Order Task Order BEU-05 Benchmarking Data Study 5,000.00 PW - Electric Late report Date Vendor Name Description of Item/Service Contact Award Total Change Order Comments
7/3/2025 Mariposa Landscapes Inc. C00698 Landscaping Maintenance Services for C $660,373.36 9,450.00 Reso 2025-071 7/23/2025 MCC Pipeline Inc C01084 Ramsey Street Water Main Replacement $1,315,792.87 116,686.54 Reso 2024-166 Date Vendor Name Description of Item/Service Amount Department Comments 7/11/2025 Zenner Performance Meters Water Meters 80,000.00 PW - Water 7/15/2025 Anixter 1PH Padmount transformer and Wooden Poles 53,638.44 PW - Electric FOR MONTH OF JULY 2025
Contracts Approved Within City Manager Signature Authority FOR MONTH OF JULY 2025
Change Orders Approved Within City Manager Signature Authority FOR MONTH OF JULY 2025
INVENTORY PURCHASES OVER $25K
53 City Manager
Approval Date Vendor Name Description of Item/Service Contact Award Total Department/ Division Comments 6/16/2025 Automated Gate Services Airport Gate Repair Services 5,490.00 PW - Airport CUPCCAA 6/18/2025 STC Traffic Inc Design of Rectangular Rapid Flashing Beacons 4,800.00 PW-Streets CUPCCAA 6/23/2025 Titan Quality Power Services Midway Substation Breaker Repair 4,891.00 EU - Electric Utilities 6/26/2025 H & L Charter Co., Inc Oak Glen Trip 1,820.00 CS - Community Services OEP Grant Date Vendor Name Description of Item/Service Contact Award Total Change Order Comments
6/10/2025 Albert A Webb Associates Design of the Intersection of Amar Street and Ramsey Street
$59,698.00 - Time Extension Only
6/13/2025 Babcock Laboratoreis On- call Laboratories Services $225,000.00 75,000.00 Reso 2023-07 UA 6/13/2025 Imeg Consulting Corp Sound Wall at Opportunity Village $79,306.00 - Time Extension Only 6/13/2025 N2W Engineering Inc. Owner's Advisor (OA) for Nitrogen Removal Upgrades and Tertiary Treatment Improvements,

$1,576,430.00 - Reso 2022-14
6/17/2025 Roadway Asset Services Fixed Asset Inspection Services $302,082.00 - Time Extension Only 6/18/2025 GovInvest Inc Standard Pension Module of the Total Liability Calculator Software Program
$104,126.00 38,349.00 Reso 2020-126
Contracts Approved Within City Manager Signature Authority FOR MONTH OF JUNE 2025
Change Orders Approved Within City Manager Signature Authority FOR MONTH OF JUNE 2025
54 City Manager
Approval Date Vendor Name Description of Item/Service Contact Award Total Department/ Division Comments 6/23/2025 General Pump Company, Inc Wastewater Treatment Plant Booster Rebuild $38,226.98 6,969.00 CUPCCAA 6/23/2025 Mariposa Landscapes, Inc Landscape Maintenance $466,952.62 22,744.00 6/24/2025 Integrity Arborist and Ecoscape Inc Weed Abatement Services $205,000.00 50,000.00 Reso 2024-061 6/24/2025 Matrix Consulting Group LTD Comprehensive User Fee and impact Fee Study $88,140.00 - Time Extension Only 6/24/2025 Layne Christensen Company Repair Well 5 $219,938.86 86,785.36 CUPCCAA 6/25/2025 CM Landscape Weed Abatement Services $70,000.00 20,000.00 Reso 2024-061 Date Vendor Name Description of Item/Service Amount Department Comments No Inventory
Purchases
FOR MONTH OF JUNE 2025
INVENTORY PURCHASES OVER $25K
55 CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Austin Flint, Senior Accountant
Michelle Green, Interim Finance Director
MEETING DATE: August 26, 2025
SUBJECT: Receive and File Cash and Investments Report for the Month of April 2025
RECOMMENDATION:

That City Council receive and file Cash and Investment Report for April 2025, in accordance with California Government Code 53646.

BACKGROUND:

The City’s investment portfolio is compliant with its Investment Policy and Pooled Cash is expected to meet all disbursement requirements for the next six months.

JUSTIFICATION:

UNRESTRICTED CASH AND INVESTMENTS:

Cash & Investments March 2025 April 2025
Funds under Control of the City:

Petty Cash / Cash on Hand $4,055.00 $4,055.00
Sub-Total $4,055.00 $4,055.00
Checking and Savings:

Wells Fargo - General Account - XXXXX5798 $4,214,756.58 $2,321,012.45 HCN Bank - General Account - XXXXX97479 $50,000.00 $50,000.00 Bank of America - Parking Citations - XXXXXX8776 $146,345.20 $146,442.40 Bank of America - Airport Visa - XXXXXX7548 $623,221.66 $627,021.67 Bank of America - CNG Charge Acct - XXXXXX5594 $79,091.90 $79,091.90 Sub-Total $5,113,415.34 $3,223,568.42
See Investment Report for Details of the following
investments:

State of California, Local Agency Investment Fund $25,139,527.45 $23,916,605.22 % of Investments in LAIF 54% 53%
US Bank City of Banning Investment Custody Account
XXXXX6000
$21,439,044.92 $21,603,562.13
56 Cash and Investments $53,696,042.71 $48,747,790.77
RESTRICTED CASH AND INVESTMENTS:

Cash & Investments March 2025 April 2025
Cash with Fiscal Agents
US Bank
2015 Water Revenue Bonds-BUA Water Projects - 258228005 $894,381.78 $897,266.11 2015 Water Revenue Bonds-BUA Water Projects - 258228000 $5,937.14 $346,987.55 2019 Wastewater Revenue Bond - 254226002 $235,017.25 $352,519.25 2019 Wastewater Revenue Bonds 254226000 $115,049.80 $115,050.78 2019 Wastewater Revenue Bonds - BUA Water Projects -
Previous Balance less amount required for Refunding -
254226006
$2,503,160.61 $2,503,181.87
2019 Wastewater Revenue Bonds - Interest Account -
254226001
$0.16 $26,010.16
2019 Wastewater Revenue Bonds - Cost of Issuance Fund - 254226005
$1.43 $1.43
2015 Electric Revenue Bond-Acquisition & Construction Fund - 262685003
$2,562.55 $2,570.81
2015 Electric Revenue Bond-Acquisition & Construction Fund - 262685000
$12,007.50 $12,046.22
Successor Agency of the Dissolved Redevelopment Agency of the City of Banning Tax Allocation Bonds Series 2016 (Taxable) Revenue Fund - 277166000
$1.93 $2.04
Successor Agency of the Dissolved Redevelopment Agency of the City of Banning Tax Allocation Bonds Series 2016 (Taxable) Unexpended Proceeds Fund - 277166005
$7,687,668.25 $7,687,700.90
Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Interest Acct789582000$0.06 $0.06 Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Principal Acct789582001$0.05 $0.06 Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Reserve Fund789582003$186,060.65 $186,061.44 PERMA Member Trust Account xxx-xxxx-101.12-00 $2,253,477.16 $2,164,360.93 CAISO - City of Banning XXXXX6994 $130,390.11 $130,858.24 City of Banning - XXXXX5920 - Riverside Public Utilities (RPU) $458,701.34 $861,997.97 Cash with Fiscal Agents
US Bank
$14,484,417.77 $15,286,615.82
Restricted Investment in SCPPA Project Stabilization Fund Project Stabilization Fund $1,013,747.80 $1,015,604.22
Total Restricted Cash
and Investments
$15,498,165.57 $16,302,220.04
57 Grand Total Cash
and Investments
$67,194,208.28 $65,050,010.81
BOND RESERVE INSURANCE POLICIES:

Insurance Policy and Purpose Market Value
2015 Electric Revenue Bond-Reserve Fund -
262685002 - Market Value
$2,428,543.76
Successor Agency of the Dissolved Redevelopment
Agency of the City of Banning Tax Allocation Bonds
Series 2016 (Taxable) Reserve Fund- 277166004
Market Value
$2,205,497.50
FISCAL IMPACT:

Not applicable.

I hereby certify that the investment activity for this reporting period conforms with the investment policy adopted by the City of Banning's City Council and the California Government Code Section 53601.

I also certify that there exists adequate pooled cash available to meet the City's disbursement requirements for at least the next six months.

ALTERNATIVES:

Not applicable.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. Attachment 1 - Investment Report April 2025.pdf

2. Attachment 2 - City of Banning Broker Report April 2025.pdf

3. Attachment 3 - LAIF Market Valuation April 2025.pdf

4. Attachment 4 - PMIA-LAIF Performance Report April 2025.pdf 58 Investment Held by Investment Name Investment Type CUSIP Number Standard & Poors Rating Moodys Rating Maturity Duration Par
Market
Yield Market Price Market Value/Accrued Int
Percentage of
Investments
State of California, Local Agency
Investment Fund
City of Banning Pooled Investment N/A N/A N/A $ 23,916,605.22 4.281 100.084919 $ 23,936,914.99 52.5% Successor Agency Pooled Investment N/A N/A N/A $ - 4.281 100.084919 $ - 0.0% $ 23,916,605.22 $ 23,936,914.99 52.5%
US Bank- Broker Chandler Asset
Management
Government Agencies
Total ABS Asset-Backed Securities Various AAA Aaa 1.13 $ 613,619.23 4.380 101.05800 $ 620,111.32 1.35% Total Agency Federal Agencies Various AA+ Aaa 0.95 $ 6,000,000.00 4.100 98.69666 $ 5,921,799.60 13.2% Total Cash Cash and Equivalents CCYUSD AAA Aaa 0.00 $ 2,673.08 0.000 100.00 $ 2,673.08 0.0% Total Commercial Paper Paper 62479LL78 NA A-1 0.18 $ - 5.500 99.497 $ - 0.0% Total Corporate Corporate Various AA-/A-/A Aa2/A1/A2/A3 0.61 $ 3,050,000.00 4.470 99.49352 $ 3,034,552.36 6.7% Total Money Market Money Market/Mutual Funds 31846V401 AAAm Aaa 0.00 $ 77,269.82 3.790 100.00 $ 77,269.82 0.2% Total US Treasury US Treasuries Various A-1+/AA+ P-1/Aaa 0.17 $ 11,860,000.00 4.240 99.75919 $ 11,831,439.93 26.1% $ 21,603,562.13 $ 21,487,846.12 47.5%
Total Investments $ 45,520,167.35 $ 45,424,761.10 100.0% City of Banning
Report of Investments
April 2025
59 MONTHLY ACCOUNT STATEMENT
City of Banning | Account #11089 | As of April 30, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (07/01/23)
City of Banning 0.42% 1.22% 1.62% 5.61% -- -- -- -- 5.36% Benchmark Return 0.36% 1.08% 1.43% 5.10% -- -- -- -- 5.09% Average Modified Duration 0.47
Average Coupon 1.57%
Average Purchase YTM 3.60%
Average Market YTM 4.24%
Average Credit Quality* AA+
Average Final Maturity 0.56
Average Life 0.48
End Values as of
03/31/2025
End Values as of
04/30/2025
Market Value 21,295,363.06 21,487,846.31
Accrued Interest 169,771.72 66,387.95
Total Market Value 21,465,134.78 21,554,234.26
Income Earned 60,733.23 60,114.84
Cont/WD 0.00 0.00
Par 21,439,044.92 21,603,562.13
Book Value 21,389,527.06 21,554,766.87
Cost Value 21,321,031.71 21,487,741.90
Government of The United States 55.06%
Federal Home Loan Mortgage Corp 13.92%
Federal Home Loan Banks 13.64%
Exxon Mobil Corporation 2.31%
Simon Property Group, Inc. 1.27%
Air Products and Chemicals, Inc. 1.26%
Bank of America Corporation 1.23%
The Toronto-Dominion Bank 1.21%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 0-1 Year US Treasury Notes & Bonds Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 61 CONFIDENTIAL | 3
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 2.9 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 14.1 Compliant
Max % Issuer (MV) 5.0 2.3 Compliant
Max Maturity (Years) 5 1 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
62 CONFIDENTIAL | 4
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 27.6 Compliant
Max % Issuer (MV) 30.0 13.9 Compliant
Max Callables (MV) 20.0 27.6 Not
Compliant Agency Callables; Inherited Securities; Client Directive Approved Strategy Shift Max Maturity (Years) 5 1 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.4 Compliant
Max % Issuer (MV) 20.0 0.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 55.1 Compliant
Max Maturity (Years) 5 0.0 Compliant
64 CONFIDENTIAL | 6
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 21,389,527.06 20,890,632.11
Maturities/Calls (7,020,000.00) (15,730,000.00)
Principal Paydowns (7,102.17) (11,380.78)
Purchases 14,395,787.74 32,437,737.26
Sales (7,227,954.78) (16,045,084.78)
Change in Cash, Payables, Receivables 1,741.19 (180,341.84) Amortization/Accretion 22,767.83 193,204.90
Realized Gain (Loss) 0.01 0.00
Ending Book Value 21,554,766.87 21,554,766.87
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 21,295,363.06 20,501,414.03
Maturities/Calls (7,020,000.00) (15,730,000.00)
Principal Paydowns (7,102.17) (11,380.78)
Purchases 14,395,787.74 32,437,737.26
Sales (7,227,954.78) (16,045,084.78)
Change in Cash, Payables, Receivables 1,741.19 (180,341.84) Amortization/Accretion 22,767.83 193,204.90
Change in Net Unrealized Gain (Loss) 27,243.44 322,297.52 Realized Gain (Loss) 0.01 0.00
Ending Market Value 21,487,846.31 21,487,846.31
Maturities / Calls
Month to Date (7,020,000.00)
Fiscal Year to Date (15,730,000.00)
Principal Paydowns
Month to Date (7,102.17)
Fiscal Year to Date (11,380.78)
Purchases
Month to Date 14,395,787.74
Fiscal Year to Date 32,437,737.26
Sales
Month to Date (7,227,954.78)
Fiscal Year to Date (16,045,084.78)
Interest Received
Month to Date 140,730.79
Fiscal Year to Date 510,958.93
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date (39,687.23)
65 CONFIDENTIAL | 7
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 38,481.73 08/08/20235.36%
38,477.11
38,479.54
100.18

4.83%
38,551.43

63.26 0.18%

71.89 NA/AAA
AAA

1.56 0.29
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 35,137.50 07/12/20235.47%
35,131.27
35,133.69
100.67

4.45%
35,374.37

32.03 0.16%
240.68
NA/AAA
AAA

2.82 0.62
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028 195,000.00 09/12/20235.55%
194,986.60
194,991.25
101.04

4.56%
197,025.97
474.93

0.92%
2,034.72
Aaa/NA
AAA

3.04 1.05
36267KAD9 GMCAR 2023-3 A3 5.45
06/16/2028 45,000.00 07/11/20235.51%
44,998.26
44,998.89
100.66

4.54%
45,295.02
102.19

0.21%
296.13
Aaa/AAA
NA

3.13 0.67
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 215,000.00 09/12/20235.29%
214,990.39
214,993.50
101.39

4.22%
217,987.34
499.76

1.01%
2,993.84
NA/AAA
AAA

3.38 1.30
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 85,000.00 01/09/20255.03%
84,993.68
84,994.05
101.03

4.06%
85,877.21
163.63

0.40%
883.16
Aaa/NA
AAA

4.63 1.71
Total ABS 613,619.23 5.37%
613,577.31
613,590.92
101.06

4.38%
620,111.33
1,335.79

2.89%
6,520.42

3.28 1.13
AGENCY
3134GW6Z4

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025
3,000,000.00 10/30/2020

0.48%
3,000,000.00
3,000,000.00

99.70 4.34%
2,991,033.96

80.00 13.92%
(8,966.04)
Aaa/AA+
AA+

0.08 0.08
3130ARF55 FEDERAL HOME LOAN BANKS 2.6
03/30/2027 3,000,000.00 03/30/20222.60%
3,000,000.00
3,000,000.00

97.69 3.86%
2,930,765.67
6,716.67

13.64%
(69,234.33)
Aaa/AA+
AA+

1.91 1.84
Total Agency 6,000,000.00 1.53%
6,000,000.00
6,000,000.00

98.71 4.10%
5,921,799.63
6,796.67

27.56%
(78,200.37)

0.99 0.95
CASH
CCYUSD Receivable 2,673.08 --

0.00%
2,673.08
2,673.08

1.00 0.00%
2,673.08

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 2,673.08 0.00%
2,673.08
2,673.08

1.00 0.00%
2,673.08

0.00 0.01%

0.00 0.00

0.00 CORPORATE
6174468C6 MORGAN STANLEY 4.0
07/23/2025 260,000.00 09/12/20244.56%
258,780.61
259,676.65

99.86 4.59%
259,623.19
2,831.11

1.21%
(53.46)
A1/AA+0.23

0.23 06051GFS3 BANK OF AMERICA CORP 3.875
08/01/2025 265,000.00 08/12/20244.88%
262,506.35
264,350.10

99.83 4.54%
264,537.49
2,567.19

1.23%
187.39
A1/AAA0.25

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
20030NBN0 COMCAST CORP 3.375
08/15/2025 260,000.00 07/22/20245.17%
255,247.20
258,701.55

99.62 4.69%
259,000.77
1,852.50

1.21%
299.22
A3/AA0.29

0.29 828807CV7 SIMON PROPERTY GROUP LP 3.5
09/01/2025 275,000.00 12/16/20244.65%
272,819.25
273,960.34

99.60 4.69%
273,901.44
1,604.17

1.27%
(58.90)
A3/ANA0.34

0.33 24422EWJ4 JOHN DEERE CAPITAL CORP 4.05
09/08/2025 260,000.00 07/09/20245.06%
257,056.80
259,099.73

99.75 4.75%
259,340.41
1,550.25

1.21%
240.68
A1/A
A+

0.36 0.35
009158BB1 AIR PRODUCTS AND CHEMICALS
INC 1.5 10/15/2025 275,000.00 11/12/20244.51%
267,597.00
271,320.53

98.69 4.44%
271,384.91
183.33

1.26%

64.38 A2/A
NA

0.46 0.45
89115A2K7 TORONTO-DOMINION BANK

5.103 01/09/2026 260,000.00 02/24/2025

4.49%
261,326.00
261,054.96
100.40

4.50%
261,040.48
4,127.76

1.21%
(14.48)
A2/AAA0.70

0.66 02665WEY3 AMERICAN HONDA FINANCE
CORP 4.95 01/09/2026 220,000.00 03/19/20254.53%
220,712.80
220,611.32
100.30

4.49%
220,658.50
3,388.00

1.03%

47.18 A3/ANA0.70

0.66 30231GAT9 EXXON MOBIL CORP 3.043
03/01/2026 500,000.00 06/08/20234.53%
481,105.00
494,215.43

99.08 4.18%
495,383.79
2,535.83

2.31%
1,168.36
Aa2/AANA0.84

0.81 693475BB0 PNC FINANCIAL SERVICES
GROUP INC 1.15 08/13/2026 225,000.00 03/19/20254.52%
214,843.50
215,678.28

95.97 4.41%
215,931.12
560.63

1.00%
252.84
A3/AA1.29

1.25 48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 250,000.00 10/16/20244.23%
254,312.50
253,188.50
101.50

4.13%
253,750.26
5,074.51

1.18%
561.77
Aa2/AAAA1.61

1.42 Total Corporate 3,050,000.00 4.64%
3,006,307.01
3,031,857.39

99.51 4.47%
3,034,552.36
26,275.28

14.12%
2,694.98

0.64 0.61

MONEY MARKET
FUND
31846V401 FIRST AMER:GVT OBLG D 77,269.82 --

3.82%
77,269.82
77,269.82

1.00 3.79%
77,269.82

0.00 0.36%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 77,269.82 3.82%
77,269.82
77,269.82

1.00 3.79%
77,269.82

0.00 0.36%

0.00 0.00

0.00 US TREASURY
912797PC5 UNITED STATES TREASURY
05/06/2025 350,000.00 04/10/20254.30%
348,973.21
349,794.64

99.94 4.27%
349,795.64

0.00 1.63%

1.00 P-1/A-1+
F1+

0.02 0.01
912797PH4 UNITED STATES TREASURY
05/13/2025 6,900,000.00 04/16/20254.29%
6,878,981.57
6,890,299.19

99.86 4.28%
6,890,305.50

0.00 32.07%

6.31 P-1/A-1+
F1+

0.04 0.03
912797LN5 UNITED STATES TREASURY
06/12/2025 420,000.00 12/16/2024

4.33%
411,363.14
417,950.58

99.51 4.31%
417,926.37

0.00 1.94%
(24.21)
P-1/A-1+
F1+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CEU1 UNITED STATES TREASURY 2.875
06/15/2025 500,000.00 10/21/20244.30%
495,468.75
499,135.99

99.82 4.26%
499,121.10
5,410.37

2.32%
(14.90)
Aaa/AA+
AA+

0.13 0.12
912797NW3 UNITED STATES TREASURY
06/26/2025 350,000.00 01/21/20254.31%
343,707.00
347,726.40

99.34 4.33%
347,692.73

0.00 1.62%
(33.67)
P-1/A-1+
F1+

0.16 0.15
912797NX1 UNITED STATES TREASURY
07/03/2025 250,000.00 01/06/20254.28%
244,920.47
248,192.03

99.27 4.28%
248,164.69

0.00 1.15%
(27.34)
P-1/A-1+
F1+

0.18 0.17
912797PE1 UNITED STATES TREASURY
07/17/2025 350,000.00 01/21/20254.31%
342,868.95
346,880.17

99.11 4.28%
346,869.68

0.00 1.61%
(10.48)
P-1/A-1+
F1+

0.21 0.21
912797PP6 UNITED STATES TREASURY
08/21/2025 500,000.00 02/24/2025

4.34%
489,695.65
493,479.73

98.70 4.29%
493,499.14

0.00 2.30%

19.41 P-1/A-1+
F1+

0.31 0.30
91282CFP1 UNITED STATES TREASURY 4.25
10/15/2025 300,000.00 03/12/20254.19%
300,093.75
300,072.48
100.04

4.15%
300,128.91
557.38

1.40%

56.42 Aaa/AA+
AA+

0.46 0.45
91282CFW6 UNITED STATES TREASURY 4.5
11/15/2025 400,000.00 12/30/20244.24%
400,859.38
400,533.41
100.17

4.17%
400,679.69
8,303.87

1.86%
146.28
Aaa/AA+
AA+

0.54 0.52
9128285N6 UNITED STATES TREASURY 2.875
11/30/2025 300,000.00 03/12/20254.18%
297,246.09
297,761.13

99.28 4.14%
297,827.34
3,601.65

1.39%

66.21 Aaa/AA+
AA+

0.59 0.56
91282CGA3 UNITED STATES TREASURY 4.0
12/15/2025 340,000.00 02/10/20254.26%
339,256.25
339,447.64

99.98 4.03%
339,933.59
5,118.68

1.58%
485.96
Aaa/AA+
AA+

0.63 0.60
91282CGE5 UNITED STATES TREASURY 3.875
01/15/2026 500,000.00 06/08/20234.27%
495,136.72
498,675.51

99.92 3.99%
499,580.08
5,673.34

2.32%
904.57
Aaa/AA+
AA+

0.71 0.68
91282CGL9 UNITED STATES TREASURY 4.0
02/15/2026 400,000.00 03/19/20254.18%
399,343.75
399,426.77

99.98 4.02%
399,915.62
3,314.92

1.86%
488.85
Aaa/AA+
AA+

0.80 0.77
Total US Treasury 11,860,000.00 4.28%
11,787,914.68
11,829,375.67

99.76 4.24%
11,831,440.08
31,980.20

55.06%
2,064.41

0.18 0.17
Total Portfolio 21,603,562.13 3.60%
21,487,741.90
21,554,766.87

99.10 4.24%
21,487,846.31
66,387.95
100.00%
(66,920.56)

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/01/2025 31846V401 263,900.00 FIRST AMER:GVT OBLG D 1.000 3.83% (263,900.00) 0.00 (263,900.00) 0.00 Purchase 04/01/2025 31846V401 931.89 FIRST AMER:GVT OBLG D 1.000 3.83% (931.89) 0.00 (931.89) 0.00 Purchase 04/11/2025 912797PC5 350,000.00 UNITED STATES TREASURY 05/06/2025 99.707 4.30% (348,973.21) 0.00 (348,973.21) 0.00 Purchase 04/14/2025 31846V401 6,563,750.00 FIRST AMER:GVT OBLG D 1.000 3.80% (6,563,750.00) 0.00 (6,563,750.00) 0.00 Purchase 04/14/2025 31846V401 48,750.00 FIRST AMER:GVT OBLG D 1.000 3.80% (48,750.00) 0.00 (48,750.00) 0.00 Purchase 04/15/2025 31846V401 890.50 FIRST AMER:GVT OBLG D 1.000 3.79% (890.50) 0.00 (890.50) 0.00 Purchase 04/15/2025 31846V401 274,412.04 FIRST AMER:GVT OBLG D 1.000 3.79% (274,412.04) 0.00 (274,412.04) 0.00 Purchase 04/16/2025 31846V401 531.63 FIRST AMER:GVT OBLG D 1.000 3.81% (531.63) 0.00 (531.63) 0.00 Purchase 04/17/2025 912797PH4 6,900,000.00 UNITED STATES TREASURY 05/13/2025 99.695 4.29% (6,878,981.57) 0.00 (6,878,981.57) 0.00 Purchase 04/21/2025 31846V401 4,674.74 FIRST AMER:GVT OBLG D 1.000 3.79% (4,674.74) 0.00 (4,674.74) 0.00 Purchase 04/25/2025 31846V401 2,792.16 FIRST AMER:GVT OBLG D 1.000 3.77% (2,792.16) 0.00 (2,792.16) 0.00 Purchase 04/29/2025 31846V401 7,200.00 FIRST AMER:GVT OBLG D 1.000 3.82% (7,200.00) 0.00 (7,200.00) 0.00 Total Purchase 14,417,832.96 (14,395,787.74) 0.00 (14,395,787.74) 0.00 TOTAL
ACQUISITIONS 14,417,832.96 (14,395,787.74) 0.00 (14,395,787.74) 0.00

DISPOSITIONS
Maturity 04/01/2025 89236TGX7 (260,000.00) TOYOTA MOTOR CREDIT CORP 3.0 04/01/2025 100.000 5.53% 260,000.00 0.00 260,000.00 0.00 Maturity 04/13/2025 023135CE4 (500,000.00) AMAZON.COM INC 3.0 04/13/2025 100.000 4.67% 500,000.00 0.00 500,000.00 0.00 Maturity 04/14/2025 3130ARFY2 (3,000,000.00) FEDERAL HOME LOAN BANKS 3.0 04/14/2025 100.000 3.00% 3,000,000.00 0.00 3,000,000.00 0.00 Maturity 04/14/2025 3130ARGD7 (3,000,000.00) FEDERAL HOME LOAN BANKS 4.0 04/14/2025 100.000 3.00% 3,000,000.00 0.00 3,000,000.00 0.00 Maturity 04/15/2025 756109AV6 (260,000.00) REALTY INCOME CORP

3.875 04/15/2025 100.000 5.57% 260,000.00 0.00 260,000.00 0.00 Total Maturity (7,020,000.00) 7,020,000.00 0.00 7,020,000.00 0.00 Sale 04/11/2025 31846V401 (348,973.21) FIRST AMER:GVT OBLG D 1.000 3.82% 348,973.21 0.00 348,973.21 0.00 69 CONFIDENTIAL | 11
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 04/17/2025 31846V401 (6,878,981.57) FIRST AMER:GVT OBLG D 1.000 3.79% 6,878,981.57 0.00 6,878,981.57 0.00 Total Sale (7,227,954.78) 7,227,954.78 0.00 7,227,954.78 0.00 TOTAL
DISPOSITIONS (14,247,954.78) 14,247,954.78 0.00 14,247,954.78 0.00 OTHER

TRANSACTIONS
Coupon 04/01/2025 89236TGX7 0.00 TOYOTA MOTOR CREDIT
CORP 3.0 04/01/2025 5.53% 3,900.00 0.00 3,900.00 0.00
Coupon 04/13/2025 023135CE4 0.00 AMAZON.COM INC 3.0
04/13/2025 4.67% 7,500.00 0.00 7,500.00 0.00
Coupon 04/14/2025 3130ARFY2 0.00 FEDERAL HOME LOAN
BANKS 3.0 04/14/2025 3.00% 45,000.00 0.00 45,000.00 0.00 Coupon 04/14/2025 3130ARGD7 0.00 FEDERAL HOME LOAN
BANKS 4.0 04/14/2025 3.00% 60,000.00 0.00 60,000.00 0.00 Coupon 04/15/2025 91282CFP1 0.00 UNITED STATES TREASURY

4.25 10/15/2025 4.19% 6,375.00 0.00 6,375.00 0.00
Coupon 04/15/2025 009158BB1 0.00

AIR PRODUCTS AND
CHEMICALS INC 1.5
10/15/2025

4.51% 2,062.50 0.00 2,062.50 0.00
Coupon 04/15/2025 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 937.04 0.00 937.04 0.00
Coupon 04/15/2025 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.55% 890.50 0.00 890.50 0.00
Coupon 04/15/2025 756109AV6 0.00 REALTY INCOME CORP

3.875 04/15/2025 5.57% 5,037.50 0.00 5,037.50 0.00
Coupon 04/16/2025 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 327.25 0.00 327.25 0.00
Coupon 04/16/2025 36267KAD9 0.00 GMCAR 2023-3 A3 5.45
06/16/2028 5.51% 204.38 0.00 204.38 0.00
Coupon 04/20/2025 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.36% 192.62 0.00 192.62 0.00
70 CONFIDENTIAL | 12
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 172.11 0.00 172.11 0.00
Coupon 04/29/2025 3134GW6Z4 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025

0.48% 7,200.00 0.00 7,200.00 0.00
Total Coupon 0.00 139,798.90 0.00 139,798.90 0.00
Dividend 04/30/2025 31846V401 0.00 FIRST AMER:GVT OBLG D 3.82% 2,673.08 0.00 2,673.08 0.00 Total Dividend 0.00 2,673.08 0.00 2,673.08 0.00
Principal Paydown 04/20/2025 379929AD4 4,482.12 GMALT 2023-3 A3 5.38 11/20/2026 5.36% 4,482.12 -- 4,482.12 0.00
Principal Paydown 04/25/2025 05592XAD2 2,620.05 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 2,620.05 -- 2,620.05 0.01
Total Principal
Paydown 7,102.17 7,102.17 -- 7,102.17 0.01

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
31846V401 FIRST AMER:GVT OBLG D
77,269.82
137,391.64
7,167,832.96
(7,227,954.78)
77,269.82

0.00 931.89

0.00 0.00

0.00 931.89
931.89
912797PC5 UNITED STATES TREASURY
05/06/2025
04/10/2025
04/11/2025
350,000.00

0.00 348,973.21

0.00 349,794.64

0.00 0.00

0.00 0.00
821.43

0.00 821.43
821.43
821.43
912797PH4 UNITED STATES TREASURY
05/13/2025
04/16/2025
04/17/2025
6,900,000.00

0.00 6,878,981.57

0.00 6,890,299.19

0.00 0.00

0.00 0.00
11,317.62

0.00 11,317.62
11,317.62
11,317.62
CCYUSD Receivable
2,673.08
931.89

0.00 0.00
2,673.08

0.00 0.00

0.00 Total Cash & Equivalents 7,329,942.90
138,323.53
14,395,787.74
(7,227,954.78)
7,320,036.73

0.00 931.89

0.00 931.89
12,139.05

0.00 12,139.05
13,070.94 13,070.94

FIXED INCOME
009158BB1

AIR PRODUCTS AND
CHEMICALS INC 1.5
10/15/2025
11/12/2024
11/13/2024
275,000.00
270,659.55

0.00 0.00
271,320.53
1,902.08
2,062.50
183.33
343.75
660.98

0.00 660.98
1,004.73
1,004.73
023135CE4 AMAZON.COM INC 3.0
04/13/2025
06/08/2023
06/12/2023

0.00 499,739.61

0.00 (500,000.00)

0.00 7,000.00
7,500.00

0.00 500.00
260.39

0.00 260.39
760.39
760.39
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
215,000.00
214,993.34

0.00 0.00
214,993.50
499.76
937.04
499.76
937.04

0.16 0.00

0.00 0.00
220,611.32
2,480.50

0.00 3,388.00
907.50

0.00 (72.49)
(72.49)
835.01
835.01
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/12/2023
07/18/2023
35,137.50
37,753.33

0.00 (2,620.05)
35,133.69

34.42 172.11

32.03 169.72

0.40 0.00

0.40 170.12
170.12
06051GFS3 BANK OF AMERICA CORP

3.875 08/01/2025
08/12/2024
08/13/2024
265,000.00
264,138.17

0.00 0.00
264,350.10
1,711.46

0.00 2,567.19
855.73
211.92

0.00 211.92
1,067.65
1,067.65
20030NBN0 COMCAST CORP 3.375
08/15/2025
07/22/2024
07/23/2024
260,000.00
258,334.07

0.00 0.00
258,701.55
1,121.25

0.00 1,852.50
731.25
367.48

0.00 367.48
1,098.73
1,098.73
24422EWJ4 JOHN DEERE CAPITAL CORP

4.05 09/08/2025
07/09/2024
07/10/2024
260,000.00
258,891.97

0.00 0.00
259,099.73
672.75

0.00 1,550.25
877.50
207.76

0.00 207.76
1,085.26
1,085.26
30231GAT9 EXXON MOBIL CORP 3.043
03/01/2026
06/08/2023
06/12/2023
500,000.00
493,644.58

0.00 0.00
494,215.43
1,267.92

0.00 2,535.83
1,267.92
570.85

0.00 570.85
1,838.76
1,838.76
3130ARF55 FEDERAL HOME LOAN BANKS

2.6 03/30/2027
03/30/2022
03/30/2022
3,000,000.00
3,000,000.00

0.00 0.00
3,000,000.00
216.67

0.00 6,716.67
6,500.00

0.00 0.00

0.00 6,500.00
6,500.00
3130ARFY2 FEDERAL HOME LOAN BANKS

3.0 04/14/2025
04/14/2022
04/14/2022

0.00 3,000,000.00

0.00 (3,000,000.00)

0.00 41,750.00
45,000.00

0.00 3,250.00

0.00 0.00

0.00 3,250.00
3,250.00
3130ARGD7 FEDERAL HOME LOAN BANKS

4.0 04/14/2025
04/14/2022
04/14/2022

0.00 3,000,000.00

0.00 (3,000,000.00)

0.00 55,666.67
60,000.00

0.00 4,333.33

0.00 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025
10/30/2020
10/30/2020
3,000,000.00
3,000,000.00

0.00 0.00
3,000,000.00
6,080.00
7,200.00

80.00 1,200.00

0.00 0.00

0.00 1,200.00
1,200.00
36267KAD9 GMCAR 2023-3 A3 5.45
06/16/2028
07/11/2023
07/19/2023
45,000.00
44,998.86

0.00 0.00
44,998.89
102.19
204.38
102.19
204.38

0.03 0.00

0.03 204.41
204.41
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029
01/09/2025
01/15/2025
85,000.00
84,993.95

0.00 0.00
84,994.05
163.63
327.25
163.63
327.25

0.11 0.00

0.11 327.36
327.36
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/11/2023
38,481.73
42,961.27

0.00 (4,482.12)
38,479.54

70.63 192.62

63.26 185.25

0.38 0.00

0.38 185.64
185.64
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028
09/12/2023
09/19/2023
195,000.00
194,991.01

0.00 0.00
194,991.25
474.93
890.50
474.93
890.50

0.24 0.00

0.24 890.74
890.74
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026
10/16/2024
10/17/2024
250,000.00
253,360.54

0.00 0.00
253,188.50
4,009.93

0.00 5,074.51
1,064.58

0.00 (172.04)
(172.04)
892.54
892.54
6174468C6 MORGAN STANLEY 4.0
07/23/2025
09/12/2024
09/13/2024
260,000.00
259,559.77

0.00 0.00
259,676.65
1,964.44

0.00 2,831.11
866.67
116.87

0.00 116.87
983.54
983.54
693475BB0 PNC FINANCIAL SERVICES
GROUP INC 1.15 08/13/2026
03/19/2025
03/20/2025
225,000.00
215,082.01

0.00 0.00
215,678.28
345.00

0.00 560.63
215.63
596.27

0.00 596.27
811.90
811.90
756109AV6 REALTY INCOME CORP 3.875
04/15/2025
05/14/2024
05/16/2024

0.00 259,836.74

0.00 (260,000.00)

0.00 4,645.69
5,037.50

0.00 391.81
163.26

3.5 09/01/2025
12/16/2024
12/17/2024
275,000.00
273,706.76

0.00 0.00
273,960.34
802.08

0.00 1,604.17
802.08
253.58

0.00 253.58
1,055.66
1,055.66
89115A2K7 TORONTO-DOMINION BANK

5.103 01/09/2026
02/24/2025
02/25/2025
260,000.00
261,180.06

0.00 0.00
261,054.96
3,022.11

0.00 4,127.76
1,105.65

0.00 (125.09)
(125.09)
980.56
980.56
89236TGX7 TOYOTA MOTOR CREDIT
CORP 3.0 04/01/2025
04/30/2024
05/02/2024

0.00 260,000.00

0.00 (260,000.00)

0.00 3,900.00
3,900.00

0.00 0.00

0.00 912797LN5 UNITED STATES TREASURY
06/12/2025
12/16/2024
12/17/2024
420,000.00
416,486.70

0.00 0.00
417,950.58

0.00 0.00

0.00 0.00
1,463.87

0.00 1,463.87
1,463.87
1,463.87
912797NW3 UNITED STATES TREASURY
06/26/2025
01/21/2025
01/22/2025
350,000.00
346,508.40

0.00 0.00
347,726.40

0.00 0.00

0.00 0.00
1,218.00

0.00 1,218.00
1,218.00
1,218.00
912797NX1 UNITED STATES TREASURY
07/03/2025
01/06/2025
01/07/2025
250,000.00
247,331.09

0.00 0.00
248,192.03

0.00 0.00

0.00 0.00
860.94

0.00 860.94
860.94
860.94
912797PE1 UNITED STATES TREASURY
07/17/2025
01/21/2025
01/22/2025
350,000.00
345,664.65

0.00 0.00
346,880.17

0.00 0.00

0.00 0.00
1,215.52

0.00 1,215.52
1,215.52
1,215.52
912797PP6 UNITED STATES TREASURY
08/21/2025
02/24/2025
02/25/2025
500,000.00
491,733.23

0.00 0.00
493,479.73

0.00 0.00

0.00 0.00
1,746.50

0.00 1,746.50
1,746.50
1,746.50
9128285N6 UNITED STATES TREASURY

2.875 11/30/2025
03/12/2025
03/13/2025
300,000.00
297,445.80

0.00 0.00
297,761.13
2,890.80

0.00 3,601.65
710.85
315.33

2.875 06/15/2025
10/21/2024
10/22/2024
500,000.00
498,559.98

0.00 0.00
499,135.99
4,225.62

0.00 5,410.37
1,184.75
576.01

0.00 576.01
1,760.76
1,760.76
91282CFP1 UNITED STATES TREASURY

4.25 10/15/2025
03/12/2025
03/13/2025
300,000.00
300,085.50

0.00 0.00
300,072.48
5,884.62
6,375.00
557.38
1,047.76

0.00 (13.02)
(13.02)
1,034.74
1,034.74
91282CFW6 UNITED STATES TREASURY 4.5
11/15/2025
12/30/2024
12/31/2024
400,000.00
400,614.23

0.00 0.00
400,533.41
6,812.15

0.00 8,303.87
1,491.71

0.00 (80.82)
(80.82)
1,410.89
1,410.89
91282CGA3 UNITED STATES TREASURY 4.0
12/15/2025
02/10/2025
02/11/2025
340,000.00
339,374.96

0.00 0.00
339,447.64
3,997.80

0.00 5,118.68
1,120.88

72.68 0.00

72.68 1,193.56
1,193.56
91282CGE5 UNITED STATES TREASURY

3.875 01/15/2026
06/08/2023
06/09/2023
500,000.00
498,522.09

0.00 0.00
498,675.51
4,067.68

0.00 5,673.34
1,605.66
153.42

0.00 153.42
1,759.08
1,759.08
91282CGL9 UNITED STATES TREASURY 4.0
02/15/2026
03/19/2025
03/20/2025
400,000.00
399,367.47

0.00 0.00
399,426.77
1,988.95

0.00 3,314.92
1,325.97

59.30 0.00

59.30 1,385.27
1,385.27
Total Fixed Income 14,273,619.23
21,251,203.53

0.00 (7,027,102.16)
14,234,730.14
169,771.72
139,798.90
66,387.95
36,415.12
11,092.24
(463.46)
10,628.78
47,043.90 47,043.90
TOTAL PORTFOLIO 21,603,562.13
21,389,527.06
14,395,787.74
(14,255,056.94)
21,554,766.87
169,771.72
140,730.79
66,387.95
37,347.01
23,231.29
(463.46)
22,767.83
60,114.84 60,114.84
76 CONFIDENTIAL | 18
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAY 2025
05/01/2025 Dividend 31846V401 0.00 2,673.08 2,673.08
05/06/2025 Final Maturity 912797PC5 350,000.00 UNITED STATES TREASURY 05/06/2025 350,000.00 350,000.00 05/13/2025 Final Maturity 912797PH4 6,900,000.00 UNITED STATES TREASURY 05/13/2025 6,900,000.00 6,900,000.00 05/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 05/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 890.50 890.50 05/15/2025 Coupon 91282CFW6 400,000.00 UNITED STATES TREASURY 4.5 11/15/2025 9,000.00 9,000.00 05/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 204.38 204.38 05/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 1,596.88 1,596.88 05/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 05/20/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 170.76 170.76 05/20/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 6,069.75 6,069.75 05/26/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 161.01 161.01 05/26/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,316.92 2,316.92 05/29/2025 Coupon 3134GW6Z4 3,000,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.48 05/29/2025 1,200.00 1,200.00
05/29/2025 Final Maturity 3134GW6Z4 3,000,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.48 05/29/2025 3,000,000.00 3,000,000.00
May 2025 Total 10,262,656.63 12,890.93 10,275,547.56
JUNE 2025
06/02/2025 Coupon 9128285N6 300,000.00 UNITED STATES TREASURY 2.875 11/30/2025 4,312.50 4,312.50 06/09/2025 Coupon 48125LRU8 250,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 6,387.50 6,387.50 06/12/2025 Final Maturity 912797LN5 420,000.00 UNITED STATES TREASURY 06/12/2025 420,000.00 420,000.00 06/16/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 06/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 197.12 197.12 06/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,629.78 2,629.78 06/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 06/16/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 890.50 890.50 06/16/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 8,489.29 8,489.29 06/16/2025 Coupon 91282CEU1 500,000.00 UNITED STATES TREASURY 2.875 06/15/2025 7,187.50 7,187.50 06/16/2025 Final Maturity 91282CEU1 500,000.00 UNITED STATES TREASURY 2.875 06/15/2025 500,000.00 500,000.00 06/16/2025 Coupon 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 6,800.00 6,800.00 77 CONFIDENTIAL | 19
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/20/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 143.54 143.54 06/20/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,506.87 5,506.87 06/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 150.45 150.45 06/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,272.90 2,272.90 06/26/2025 Final Maturity 912797NW3 350,000.00 UNITED STATES TREASURY 06/26/2025 350,000.00 350,000.00 June 2025 Total 1,288,898.84 27,333.40 1,316,232.24
JULY 2025
07/03/2025 Final Maturity 912797NX1 250,000.00 UNITED STATES TREASURY 07/03/2025 250,000.00 250,000.00 07/09/2025 Coupon 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 5,445.00 5,445.00
07/09/2025 Coupon 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 6,633.90 6,633.90 07/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 07/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 851.73 851.73 07/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 13,528.75 13,528.75 07/15/2025 Coupon 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 9,687.50 9,687.50 07/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 185.18 185.18 07/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,573.38 2,573.38 07/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 07/17/2025 Final Maturity 912797PE1 350,000.00 UNITED STATES TREASURY 07/17/2025 350,000.00 350,000.00 07/21/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 118.85 118.85 07/21/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,266.55 5,266.55 07/23/2025 Coupon 6174468C6 260,000.00 MORGAN STANLEY 4.0 07/23/2025 5,200.00 5,200.00 07/23/2025 Final Maturity 6174468C6 260,000.00 MORGAN STANLEY 4.0 07/23/2025 260,000.00 260,000.00 07/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 140.08 140.08 07/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,227.03 2,227.03 July 2025 Total 883,595.70 29,526.54 913,122.24
AUGUST 2025
08/01/2025 Coupon 06051GFS3 265,000.00 BANK OF AMERICA CORP 3.875 08/01/2025 5,134.38 5,134.38 08/01/2025 Final Maturity 06051GFS3 265,000.00 BANK OF AMERICA CORP 3.875 08/01/2025 265,000.00 265,000.00 08/13/2025 Coupon 693475BB0 225,000.00 PNC FINANCIAL SERVICES GROUP INC 1.15 08/13/2026 1,293.75 1,293.75
08/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 78 CONFIDENTIAL | 20
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 20030NBN0 260,000.00 COMCAST CORP 3.375 08/15/2025 4,387.50 4,387.50 08/15/2025 Final Maturity 20030NBN0 260,000.00 COMCAST CORP 3.375 08/15/2025 260,000.00 260,000.00 08/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 789.95 789.95 08/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,344.43 10,344.43 08/15/2025 Coupon 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 8,000.00 8,000.00 08/18/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 173.49 173.49 08/18/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,382.43 2,382.43 08/18/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 08/20/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 95.24 95.24 08/20/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,031.04 5,031.04 08/21/2025 Final Maturity 912797PP6 500,000.00 UNITED STATES TREASURY 08/21/2025 500,000.00 500,000.00 08/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 129.93 129.93 08/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,160.39 2,160.39 August 2025 Total 1,044,918.29 21,268.53 1,066,186.82
SEPTEMBER 2025
09/02/2025 Coupon 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 7,607.50 7,607.50 09/02/2025 Coupon 828807CV7 275,000.00 SIMON PROPERTY GROUP LP 3.5 09/01/2025 4,812.50 4,812.50 09/02/2025 Final Maturity 828807CV7 275,000.00 SIMON PROPERTY GROUP LP 3.5 09/01/2025 275,000.00 275,000.00 09/08/2025 Coupon 24422EWJ4 260,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 5,265.00 5,265.00 09/08/2025 Final Maturity 24422EWJ4 260,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 260,000.00 260,000.00 09/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 09/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 742.71 742.71 09/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 8,214.74 8,214.74 09/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 162.67 162.67 09/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,337.49 2,337.49 09/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 09/22/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 72.69 72.69 09/22/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,792.17 5,792.17 09/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 120.09 120.09 09/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,115.97 2,115.97 09/30/2025 Coupon 3130ARF55 3,000,000.00 FEDERAL HOME LOAN BANKS 2.6 03/30/2027 39,000.00 39,000.00 79 CONFIDENTIAL | 21
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount September 2025
Total 553,460.37 59,047.45 612,507.82
OCTOBER 2025
10/15/2025 Coupon 009158BB1 275,000.00 AIR PRODUCTS AND CHEMICALS INC 1.5 10/15/2025 2,062.50 2,062.50
10/15/2025 Final Maturity 009158BB1 275,000.00 AIR PRODUCTS AND CHEMICALS INC 1.5 10/15/2025 275,000.00 275,000.00
10/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 10/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 705.20 705.20 10/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 9,599.79 9,599.79 10/15/2025 Coupon 91282CFP1 300,000.00 UNITED STATES TREASURY 4.25 10/15/2025 6,375.00 6,375.00 10/15/2025 Final Maturity 91282CFP1 300,000.00 UNITED STATES TREASURY 4.25 10/15/2025 300,000.00 300,000.00 10/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 152.06 152.06 10/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,239.80 2,239.80 10/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 10/20/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 46.72 46.72 10/20/2025 Principal Paydown 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,420.02 5,420.02 10/27/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 110.44 110.44 10/27/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 2,036.12 2,036.12 October 2025 Total 594,295.73 10,716.20 605,011.93
NOVEMBER 2025
11/17/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 11/17/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 141.88 141.88 11/17/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 2,188.92 2,188.92 11/17/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 11/17/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 661.36 661.36 11/17/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,286.63 10,286.63 11/17/2025 Coupon 91282CFW6 400,000.00 UNITED STATES TREASURY 4.5 11/15/2025 9,000.00 9,000.00 11/17/2025 Final Maturity 91282CFW6 400,000.00 UNITED STATES TREASURY 4.5 11/15/2025 400,000.00 400,000.00 11/20/2025 Coupon 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 22.42 22.42 11/20/2025 Effective Maturity 379929AD4 38,481.73 GMALT 2023-3 A3 5.38 11/20/2026 5,000.31 5,000.31 11/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 101.16 101.16 80 CONFIDENTIAL | 22
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 1,876.66 1,876.66 November 2025
Total 419,352.51 11,191.11 430,543.62
DECEMBER 2025
12/01/2025 Coupon 9128285N6 300,000.00 UNITED STATES TREASURY 2.875 11/30/2025 4,312.50 4,312.50 12/01/2025 Final Maturity 9128285N6 300,000.00 UNITED STATES TREASURY 2.875 11/30/2025 300,000.00 300,000.00 12/08/2025 Coupon 48125LRU8 250,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 6,387.50 6,387.50 12/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 12/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 614.38 614.38 12/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 7,642.07 7,642.07 12/15/2025 Coupon 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 6,800.00 6,800.00 12/15/2025 Final Maturity 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 340,000.00 340,000.00 12/16/2025 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 131.94 131.94 12/16/2025 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 1,877.52 1,877.52 12/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 12/25/2025 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 92.60 92.60 12/25/2025 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 1,746.19 1,746.19 December 2025
Total 651,265.78 19,603.22 670,869.00
JANUARY 2026
01/09/2026 Coupon 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 5,445.00 5,445.00
01/09/2026 Final Maturity 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 220,000.00 220,000.00
01/09/2026 Coupon 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 6,633.90 6,633.90 01/09/2026 Final Maturity 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 260,000.00 260,000.00 01/15/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 01/15/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 579.48 579.48 01/15/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 11,053.63 11,053.63 01/15/2026 Coupon 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 9,687.50 9,687.50 01/15/2026 Final Maturity 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 500,000.00 500,000.00 01/16/2026 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 123.41 123.41 81 CONFIDENTIAL | 23
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/16/2026 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 1,844.31 1,844.31 01/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 01/26/2026 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 84.64 84.64 01/26/2026 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 1,641.98 1,641.98 January 2026 Total 994,539.92 23,818.23 1,018,358.16
FEBRUARY 2026
02/13/2026 Coupon 693475BB0 225,000.00 PNC FINANCIAL SERVICES GROUP INC 1.15 08/13/2026 1,293.75 1,293.75
02/16/2026 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 115.04 115.04 02/16/2026 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 1,823.48 1,823.48 02/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 02/16/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 529.01 529.01 02/16/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,064.27 10,064.27 02/17/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 02/17/2026 Coupon 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 8,000.00 8,000.00 02/17/2026 Final Maturity 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 400,000.00 400,000.00 02/25/2026 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 77.16 77.16 02/25/2026 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 1,620.16 1,620.16 February 2026
Total 413,507.91 11,279.25 424,787.15
MARCH 2026
03/02/2026 Coupon 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 7,607.50 7,607.50 03/02/2026 Final Maturity 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 500,000.00 500,000.00 03/16/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 03/16/2026 Coupon 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 106.76 106.76 03/16/2026 Principal Paydown 36267KAD9 45,000.00 GMCAR 2023-3 A3 5.45 06/16/2028 1,766.71 1,766.71 03/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 03/16/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 483.05 483.05 03/16/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 8,308.02 8,308.02 03/25/2026 Coupon 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 69.77 69.77 03/25/2026 Principal Paydown 05592XAD2 35,137.50 BMWOT 2023-A A3 5.47 02/25/2028 1,575.11 1,575.11 03/30/2026 Coupon 3130ARF55 3,000,000.00 FEDERAL HOME LOAN BANKS 2.6 03/30/2027 39,000.00 39,000.00 82 CONFIDENTIAL | 24
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount March 2026 Total 511,649.84 48,531.37 560,181.21
Grand Total 45,316,769.18 17,618,141.54 275,206.23 17,893,347.77 83 CONFIDENTIAL | 25
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P, Moody’s and Fitch respectively. 84 CONFIDENTIAL | 26
City of Banning | Account #11089 | As of April 30, 2025 Execution Time: 05/01/2025 11:30:31 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 0-1 Yr US Treasury Index
The ICE BAML 0-1 Year US Treasury Index tracks the performance of US Dollar denominated Sovereign debt publically issued by the US government in its domestic market with maturities less than two years. Qualifying securities must haveat least one month and less than one years remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $1 billion. (Index: G0QA.

Please visit www.mlindex.ml.com for more information)
85 Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:

Bills $ 49,107,213,295.06 $ 49,497,602,057.00 NA
Notes $ 45,926,350,095.62 $ 46,166,567,614.50 $ 422,503,427.00 Federal Agency:

SBA $ 227,042,403.14 $ 230,383,425.23 $ 907,345.49
MBS-REMICs $ 1,113,080.88 $ 1,103,670.89 $ 4,855.72
Debentures $ 6,975,930,283.48 $ 6,982,667,150.00 $ 49,164,750.00 Debentures FR $ - $ - $ -
Debentures CL $ 2,800,000,000.00 $ 2,815,766,800.00 $ 23,626,454.00 Discount Notes $ 28,785,585,652.62 $ 29,047,341,300.00 NA Supranational Debentures $ 3,581,343,624.15 $ 3,594,030,950.00 $ 24,923,316.30 Supranational Debentures FR $ - $ - $ -
CDs and YCDs FR $ - $ - $ -
Bank Notes
CDs and YCDs $ 16,400,000,000.00 $ 16,397,375,754.69 $ 150,089,680.59 Commercial Paper $ 12,428,478,388.92 $ 12,522,662,694.38 NA Corporate:

Bonds FR $ - $ - $ -
Bonds $ 994,924,470.06 $ 992,875,622.00 $ 6,867,466.61
Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5,289,500,000.00 $ 5,289,500,000.00 NA
PMIA & GF Loans $ 240,472,000.00 $ 240,472,000.00 NA
TOTAL $ 172,757,953,293.93 $ 173,778,349,038.69 $ 678,087,295.71 Fair Value Including Accrued Interest $ 174,456,436,334.40 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).

State of California
Pooled Money Investment Account
Market Valuation
4/30/2025
86 April 4.281
March 4.313
February 4.333
January 4.366
December 4.434
November 4.477
PMIA Average Life(1): 244
LAIF Fair Value Factor(1)
: 1.000849191
PMIA Daily(1): 4.30
PMIA Quarter to Date(1)
: 4.34
LAIF Apportionment Rate(2)
: 4.48
LAIF Earnings Ratio(2): 0.00012266258268207
LAIF Administrative Cost(1)*
: 0.26
Treasuries

55.01%
Agencies

24.52%
Certificates of
Deposit/Bank Notes

9.49%
Time
Deposits

3.06%
Commercial
Paper

7.20%
Corporate
Bonds

0.58%
Loans

0.14%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.

Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 05/15/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 3/31/25
Chart does not include $1,113,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
4/30/25
$172.8 billion
PAGE 496 of 496
87 CITY OF BANNING

That City Council receive and file Cash and Investment Report for May 2025, in accordance with California Government Code 53646.

BACKGROUND:

The City’s investment portfolio is compliant with its Investment Policy and Pooled Cash is expected to meet all disbursement requirements for the next six months.

JUSTIFICATION:

UNRESTRICTED CASH AND INVESTMENTS:

Cash & Investments April 2025 May 2025
Funds under Control of the City:

Petty Cash / Cash on Hand $4,055.00 $4,055.00
Sub-Total $4,055.00 $4,055.00
Checking and Savings:

Wells Fargo - General Account - XXXXX5798 $2,321,012.45 $5,377,056.27 HCN Bank - General Account - XXXXX97479 $50,000.00 $50,000.00 Bank of America - Parking Citations - XXXXXX8776 $146,442.40 $146,443.64 Bank of America - Airport Visa - XXXXXX7548 $627,021.67 $630,094.02 Bank of America - CNG Charge Acct - XXXXXX5594 $79,091.90 $79,091.90 Sub-Total $3,223,568.42 $6,282,685.83
See Investment Report for Details of the following
investments:

State of California, Local Agency Investment Fund $23,916,605.22 $19,716,605.22 % of Investments in LAIF 53% 48%
US Bank City of Banning Investment Custody Account
XXXXX6000
$21,603,562.13 $21,649,321.85
88 Cash and Investments $48,747,790.77 $47,652,667.90
RESTRICTED CASH AND INVESTMENTS:

Cash & Investments April 2025 May 2025
Cash with Fiscal Agents
US Bank
2015 Water Revenue Bonds-BUA Water Projects - 258228005 $897,266.11 $900,059.33 2015 Water Revenue Bonds-BUA Water Projects - 258228000 $346,987.55 $6,328.47 2019 Wastewater Revenue Bond - 254226002 $352,519.25 $352,521.63 2019 Wastewater Revenue Bonds 254226000 $115,050.78 $115,051.78 2019 Wastewater Revenue Bonds - BUA Water Projects -
Previous Balance less amount required for Refunding -
254226006
$2,503,181.87 $2,503,202.45
2019 Wastewater Revenue Bonds - Interest Account -
254226001
$26,010.16 $0.21
2019 Wastewater Revenue Bonds - Cost of Issuance Fund - 254226005
$1.43 $1.43
2015 Electric Revenue Bond-Acquisition & Construction Fund - 262685003
$2,570.81 $2,578.81
2015 Electric Revenue Bond-Acquisition & Construction Fund - 262685000
$12,046.22 $1,958,605.60
Successor Agency of the Dissolved Redevelopment Agency of the City of Banning Tax Allocation Bonds Series 2016 (Taxable) Revenue Fund - 277166000
$2.04 $2.04
Successor Agency of the Dissolved Redevelopment Agency of the City of Banning Tax Allocation Bonds Series 2016 (Taxable) Unexpended Proceeds Fund - 277166005
$7,687,700.90 $7,687,732.50
Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Interest Acct789582000$0.06 $0.06 Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Principal Acct789582001$0.06 $0.06 Improvement Dist No 2004-1 (Fair Oaks Ranch Estates) Limited Obligation Improvement Bonds Series 2005A Reserve Fund789582003$186,061.44 $186,062.20 PERMA Member Trust Account xxx-xxxx-101.12-00 $2,164,360.93 $2,121,258.99 CAISO - City of Banning XXXXX6994 $130,858.24 $131,312.09 City of Banning - XXXXX5920 - Riverside Public Utilities (RPU) $861,997.97 $830,369.16 Cash with Fiscal Agents
US Bank
$15,286,615.82 $16,795,086.81
Restricted Investment in SCPPA Project Stabilization Fund Project Stabilization Fund $1,015,604.20 $1,021,750.43
Total Restricted Cash
and Investments
$16,302,220.04 $17,816,837.24
89 Grand Total Cash
and Investments
$65,050,010.81 $65,469,505.14
BOND RESERVE INSURANCE POLICIES:

Not applicable.

I also certify that there exists adequate pooled cash available to meet the City's disbursement requirements for at least the next six months.

ALTERNATIVES:

Not applicable.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. Attachment 1 - Investment Report May 2025.pdf

2. Attachment 2 - City of Banning Broker Report May 2025.pdf

3. Attachment 3 - LAIF Market Valuation May 2025.pdf

4. Attachment 4 - PMIA-LAIF Performance Report May 2025.pdf 90 Investment Held by Investment Name Investment Type CUSIP Number Standard & Poors Rating Moodys Rating Maturity Duration Par
Market
Yield Market Price Market Value/Accrued Int
Percentage of
Investments
State of California, Local Agency
Investment Fund
City of Banning Pooled Investment N/A N/A N/A $ 19,716,605.22 4.272 100.084919 $ 19,733,348.38 47.7% Successor Agency Pooled Investment N/A N/A N/A $ - 4.272 100.084919 $ - 0.0% $ 19,716,605.22 $ 19,733,348.38 47.7%
US Bank- Broker Chandler Asset
Management
Government Agencies
Total ABS Asset-Backed Securities Various AAA Aaa 0.99 $ 602,081.08 4.430 100.80974 $ 606,956.37 1.46% Total Agency Federal Agencies 3130ARF55 AA+ Aa1 1.75 $ 3,000,000.00 4.110 97.36530 $ 2,920,959.00 7.3% Total Cash Cash and Equivalents CCYUSD AAA Aaa 0.00 $ 5,649.65 0.000 100.00 $ 5,649.65 0.0% Total Commercial Paper Paper 62479LL78 NA A-1 0.18 $ - 5.500 99.497 $ - 0.0% Total Corporate Corporate Various AA-/A-/A Aa2/A1/A2/A3 0.51 $ 3,050,000.00 4.540 99.53784 $ 3,035,904.12 7.4% Total Money Market Money Market/Mutual Funds 31846V401 AAAm Aaa 0.00 $ 131,591.12 3.790 100.00 $ 131,591.12 0.3% Total US Treasury US Treasuries Various A-1+/AA+ P-1/Aa1 0.11 $ 14,860,000.00 4.300 99.84606 $ 14,837,124.52 35.9% $ 21,649,321.85 $ 21,538,184.78 52.3%
Total Investments $ 41,365,927.07 $ 41,271,533.16 100.0% City of Banning
Report of Investments
May 2025
91 MONTHLY ACCOUNT STATEMENT
City of Banning | Account #11089 | As of May 31, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (07/01/23)
City of Banning 0.29% 1.10% 1.92% 5.36% -- -- -- -- 5.28% Benchmark Return 0.26% 0.99% 1.69% 4.87% -- -- -- -- 5.00% Average Modified Duration 0.41
Average Coupon 1.50%
Average Purchase YTM 4.14%
Average Market YTM 4.31%
Average Credit Quality* AA+
Average Final Maturity 0.50
Average Life 0.42
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 21,487,846.31 21,538,185.46
Accrued Interest 66,387.95 77,269.17
Total Market Value 21,554,234.26 21,615,454.63
Income Earned 60,114.84 63,286.76
Cont/WD 0.00 0.00
Par 21,603,562.13 21,649,321.85
Book Value 21,554,766.87 21,610,148.97
Cost Value 21,487,741.90 21,528,330.00
Government of The United States 68.89%
Federal Home Loan Banks 13.56%
Exxon Mobil Corporation 2.30%
SIMON PROPERTY GROUP, INC. 1.27%
Air Products and Chemicals, Inc. 1.26%
Bank of America Corporation 1.23%
The Toronto-Dominion Bank 1.21%
Comcast Corporation 1.21%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 0-1 Year US Treasury Notes & Bonds Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 93 CONFIDENTIAL | 3
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 2.8 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 14.1 Compliant
Max % Issuer (MV) 5.0 2.3 Compliant
Max Maturity (Years) 5 1 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
94 CONFIDENTIAL | 4
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 13.6 Compliant
Max % Issuer (MV) 30.0 13.6 Compliant
Max Callables (MV) 20.0 13.6 Compliant
Max Maturity (Years) 5 1 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.6 Compliant
Max % Issuer (MV) 20.0 0.6 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
95 CONFIDENTIAL | 5
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 68.9 Compliant
Max Maturity (Years) 5 0.0 Compliant
96 CONFIDENTIAL | 6
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 21,554,766.87 20,890,632.11
Maturities/Calls (10,250,000.00) (25,980,000.00)
Principal Paydowns (11,538.14) (22,918.92)
Purchases 13,605,884.88 46,043,622.14
Sales (3,328,781.79) (19,373,866.57)
Change in Cash, Payables, Receivables 2,976.57 (177,365.27) Amortization/Accretion 36,840.59 230,045.48
Realized Gain (Loss) (0.01) (0.01)
Ending Book Value 21,610,148.97 21,610,148.97
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 21,487,846.31 20,501,414.03
Maturities/Calls (10,250,000.00) (25,980,000.00)
Principal Paydowns (11,538.14) (22,918.92)
Purchases 13,605,884.88 46,043,622.14
Sales (3,328,781.79) (19,373,866.57)
Change in Cash, Payables, Receivables 2,976.57 (177,365.27) Amortization/Accretion 36,840.59 230,045.48
Change in Net Unrealized Gain (Loss) (5,042.95) 317,254.57 Realized Gain (Loss) (0.01) (0.01)
Ending Market Value 21,538,185.46 21,538,185.46
Maturities / Calls
Month to Date (10,250,000.00)
Fiscal Year to Date (25,980,000.00)
Principal Paydowns
Month to Date (11,538.14)
Fiscal Year to Date (22,918.92)
Purchases
Month to Date 13,605,884.88
Fiscal Year to Date 46,043,622.14
Sales
Month to Date (3,328,781.79)
Fiscal Year to Date (19,373,866.57)
Interest Received
Month to Date 15,564.95
Fiscal Year to Date 526,523.88
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date (39,687.23)
97 CONFIDENTIAL | 7
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 31,558.63 08/08/20235.36%
31,554.84
31,556.93
100.20

4.53%
31,621.89

51.88 0.15%

64.96 NA/AAA
AAA

1.47 0.22
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 32,559.39 07/12/20235.47%
32,553.61
32,555.96
100.67

4.40%
32,776.02

29.68 0.15%
220.06
NA/AAA
AAA

2.74 0.59
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028 195,000.00 09/12/20235.55%
194,986.60
194,991.49
100.79

4.45%
196,534.44
474.93

0.91%
1,542.94
Aaa/NA
AAA

2.96 0.72
36267KAD9 GMCAR 2023-3 A3 5.45
06/16/2028 42,963.07 07/11/20235.51%
42,961.41
42,962.04
100.62

4.59%
43,229.47

97.56 0.20%
267.44
Aaa/AAA
NA

3.04 0.67
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028 215,000.00 09/12/20235.29%
214,990.39
214,993.66
101.06

4.42%
217,279.06
499.76

1.01%
2,285.40
NA/AAA
AAA

3.29 1.22
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 85,000.00 01/09/20255.03%
84,993.68
84,994.16
100.61

4.29%
85,515.51
163.63

0.40%
521.35
Aaa/NA
AAA

4.55 1.63
Total ABS 602,081.08 5.37%
602,040.53
602,054.25
100.81

4.43%
606,956.39
1,317.44

2.82%
4,902.14

3.22 0.99
AGENCY
3130ARF55 FEDERAL HOME LOAN BANKS 2.6
03/30/2027 3,000,000.00 03/30/20222.60%
3,000,000.00
3,000,000.00

97.37 4.11%
2,920,959.12
13,216.67

13.56%
(79,040.88)
Aa1/AA+
AA+

1.83 1.75
Total Agency 3,000,000.00 2.60%
3,000,000.00
3,000,000.00

97.37 4.11%
2,920,959.12
13,216.67

13.56%
(79,040.88)

1.83 1.75
CASH
CCYUSD Receivable 5,649.65 --

0.00%
5,649.65
5,649.65

1.00 0.00%
5,649.65

0.00 0.03%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 5,649.65 0.00%
5,649.65
5,649.65

1.00 0.00%
5,649.65

0.00 0.03%

0.00 0.00

0.00 CORPORATE
6174468C6 MORGAN STANLEY 4.0
07/23/2025 260,000.00 09/12/20244.56%
258,780.61
259,797.42

99.88 4.77%
259,694.68
3,697.78

1.21%
(102.74)
A1/AA+0.15

0.14 06051GFS3 BANK OF AMERICA CORP 3.875
08/01/2025 265,000.00 08/12/20244.88%
262,506.35
264,569.09

99.88 4.54%
264,687.55
3,422.92

1.23%
118.47
A1/AAA0.17

0.16 20030NBN0 COMCAST CORP 3.375
08/15/2025 260,000.00 07/22/20245.17%
255,247.20
259,081.29

99.99 5.00%
259,963.68
2,583.75

1.21%
882.39
A3/AA0.21

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
828807CV7 SIMON PROPERTY GROUP LP 3.5
09/01/2025 275,000.00 12/16/20244.65%
272,819.25
274,222.37

99.75 4.48%
274,312.96
2,406.25

1.27%

90.59 A3/ANA0.25

0.24 24422EWJ4 JOHN DEERE CAPITAL CORP 4.05
09/08/2025 260,000.00 07/09/20245.06%
257,056.80
259,314.41

99.87 4.49%
259,669.57
2,427.75

1.21%
355.16
A1/A
A+

0.27 0.26
009158BB1 AIR PRODUCTS AND CHEMICALS
INC 1.5 10/15/2025 275,000.00 11/12/20244.51%
267,597.00
272,003.55

98.95 4.38%
272,115.69
527.08

1.26%
112.14
A2/A
NA

0.38 0.36
89115A2K7 TORONTO-DOMINION BANK

5.103 01/09/2026 260,000.00 02/24/20254.49%
261,326.00
260,925.70
100.26

4.66%
260,668.30
5,233.41

1.21%
(257.39)
A2/AAA0.61

0.58 02665WEY3 AMERICAN HONDA FINANCE
CORP 4.95 01/09/2026 220,000.00 03/19/20254.53%
220,712.80
220,536.41
100.17

4.65%
220,371.81
4,295.50

1.02%
(164.60)
A3/ANA0.61

0.58 30231GAT9 EXXON MOBIL CORP 3.043
03/01/2026 500,000.00 06/08/20234.53%
481,105.00
494,805.30

99.01 4.39%
495,066.55
3,803.75

2.30%
261.25
Aa2/AANA0.75

0.72 693475BB0 PNC FINANCIAL SERVICES
GROUP INC 1.15 08/13/2026 225,000.00 03/19/20254.52%
214,843.50
216,294.43

96.24 4.41%
216,542.38
776.25

1.01%
247.95
A3/AA1.20

1.16 48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 250,000.00 10/16/20244.23%
254,312.50
253,010.72
101.12

4.34%
252,811.01
6,139.10

1.17%
(199.71)
Aa2/AAAA1.52

1.34 Total Corporate 3,050,000.00 4.64%
3,006,307.01
3,034,560.68

99.55 4.54%
3,035,904.19
35,313.54

14.10%
1,343.51

0.56 0.51

MONEY MARKET
FUND
31846V401 FIRST AMER:GVT OBLG D 131,591.12 --

3.79%
131,591.12
131,591.12

1.00 3.79%
131,591.12

0.00 0.61%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 131,591.12 3.79%
131,591.12
131,591.12

1.00 3.79%
131,591.12

0.00 0.61%

0.00 0.00

0.00 US TREASURY
912797PR2 UNITED STATES TREASURY
06/10/2025 10,250,000.00 --4.30%
10,222,781.79
10,239,170.78

99.91 4.30%
10,240,353.62

0.00 47.55%
1,182.84
P-1/A-1+
F1+

0.03 0.02
912797LN5 UNITED STATES TREASURY
06/12/2025 420,000.00 12/16/20244.33%
411,363.14
419,463.25

99.88 4.32%
419,504.09

0.00 1.95%

40.84 P-1/A-1+
F1+

0.03 0.03
91282CEU1 UNITED STATES TREASURY 2.875
06/15/2025 500,000.00 10/21/20244.30%
495,468.75
499,731.20

99.94 4.57%
499,687.50
6,634.62

2.32%
(43.70)
Aa1/AA+
AA+

0.04 0.04
912797NW3 UNITED STATES TREASURY
06/26/2025 350,000.00 01/21/20254.31%
343,707.00
348,985.00

99.72 4.30%
349,013.29

0.00 1.62%

28.29 P-1/A-1+
F1+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912797NX1 UNITED STATES TREASURY
07/03/2025 250,000.00 01/06/20254.28%
244,920.47
249,081.67

99.64 4.29%
249,091.96

0.00 1.16%

10.29 P-1/A-1+
F1+

0.09 0.08
912797PE1 UNITED STATES TREASURY
07/17/2025 350,000.00 01/21/20254.31%
342,868.95
348,136.21

99.47 4.30%
348,152.73

0.00 1.62%

16.52 P-1/A-1+
F1+

0.13 0.12
912797PP6 UNITED STATES TREASURY
08/21/2025 500,000.00 02/24/20254.34%
489,695.65
495,284.45

99.06 4.33%
495,295.84

0.00 2.30%

11.39 P-1/A-1+
F1+

0.22 0.22
91282CFP1 UNITED STATES TREASURY 4.25
10/15/2025 300,000.00 03/12/20254.19%
300,093.75
300,059.03

99.97 4.30%
299,914.06
1,637.30

1.39%
(144.97)
Aa1/AA+
AA+

0.38 0.36
91282CFW6 UNITED STATES TREASURY 4.5
11/15/2025 400,000.00 12/30/20244.24%
400,859.38
400,449.89
100.05

4.37%
400,210.94
831.52

1.86%
(238.96)
Aa1/AA+
AA+

0.46 0.44
9128285N6 UNITED STATES TREASURY 2.875
11/30/2025 300,000.00 03/12/20254.18%
297,246.09
298,086.98

99.29 4.34%
297,874.22

23.57 1.38%
(212.76)
Aa1/AA+
AA+

0.50 0.48
91282CGA3 UNITED STATES TREASURY 4.0
12/15/2025 340,000.00 02/10/20254.26%
339,256.25
339,522.74

99.92 4.16%
339,717.77
6,276.92

1.58%
195.03
Aa1/AA+
AA+

0.54 0.52
91282CGE5 UNITED STATES TREASURY 3.875
01/15/2026 500,000.00 06/08/20234.27%
495,136.72
498,834.04

99.81 4.18%
499,052.74
7,332.53

2.32%
218.70
Aa1/AA+
AA+

0.63 0.60
91282CGL9 UNITED STATES TREASURY 4.0
02/15/2026 400,000.00 03/19/20254.18%
399,343.75
399,488.05

99.81 4.26%
399,256.25
4,685.08

1.85%
(231.80)
Aa1/AA+
AA+

0.71 0.68
Total US Treasury 14,860,000.00 4.29%
14,782,741.69
14,836,293.27

99.85 4.30%
14,837,124.99
27,421.53

68.89%
831.72

0.12 0.11
Total Portfolio 21,649,321.85 4.14%
21,528,330.00
21,610,148.97

98.87 4.31%
21,538,185.46
77,269.17
100.00%
(71,963.51)

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 05/01/2025 31846V401 2,673.08 FIRST AMER:GVT OBLG D 1.000 3.83% (2,673.08) 0.00 (2,673.08) 0.00 Purchase 05/06/2025 31846V401 350,000.00 FIRST AMER:GVT OBLG D 1.000 3.78% (350,000.00) 0.00 (350,000.00) 0.00 Purchase 05/13/2025 912797PR2 7,000,000.00 UNITED STATES TREASURY 06/10/2025 99.671 4.30% (6,976,970.00) 0.00 (6,976,970.00) 0.00 Purchase 05/15/2025 31846V401 890.50 FIRST AMER:GVT OBLG D 1.000 3.77% (890.50) 0.00 (890.50) 0.00 Purchase 05/15/2025 31846V401 9,937.04 FIRST AMER:GVT OBLG D 1.000 3.77% (9,937.04) 0.00 (9,937.04) 0.00 Purchase 05/16/2025 31846V401 327.25 FIRST AMER:GVT OBLG D 1.000 3.77% (327.25) 0.00 (327.25) 0.00 Purchase 05/16/2025 31846V401 204.38 FIRST AMER:GVT OBLG D 1.000 3.77% (204.38) 0.00 (204.38) 0.00 Purchase 05/16/2025 31846V401 2,036.93 FIRST AMER:GVT OBLG D 1.000 3.77% (2,036.93) 0.00 (2,036.93) 0.00 Purchase 05/20/2025 31846V401 7,095.63 FIRST AMER:GVT OBLG D 1.000 3.76% (7,095.63) 0.00 (7,095.63) 0.00 Purchase 05/27/2025 31846V401 2,738.28 FIRST AMER:GVT OBLG D 1.000 3.74% (2,738.28) 0.00 (2,738.28) 0.00 Purchase 05/29/2025 31846V401 3,007,200.00 FIRST AMER:GVT OBLG D 1.000 3.78% (3,007,200.00) 0.00 (3,007,200.00) 0.00 Purchase 05/30/2025 912797PR2 3,250,000.00 UNITED STATES TREASURY 06/10/2025 99.871 4.28% (3,245,811.79) 0.00 (3,245,811.79) 0.00 Total Purchase 13,633,103.09 (13,605,884.88) 0.00 (13,605,884.88) 0.00 TOTAL
ACQUISITIONS 13,633,103.09 (13,605,884.88) 0.00 (13,605,884.88) 0.00

DISPOSITIONS
Maturity 05/06/2025 912797PC5 (350,000.00) UNITED STATES TREASURY 05/06/2025 100.000 4.30% 350,000.00 0.00 350,000.00 0.00 Maturity 05/13/2025 912797PH4 (6,900,000.00) UNITED STATES TREASURY 05/13/2025 100.000 4.29% 6,900,000.00 0.00 6,900,000.00 (0.01) Maturity 05/29/2025 3134GW6Z4 (3,000,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025
100.000 0.48% 3,000,000.00 0.00 3,000,000.00 0.00
Total Maturity (10,250,000.00) 10,250,000.00 0.00 10,250,000.00 (0.01) Sale 05/13/2025 31846V401 (76,970.00) FIRST AMER:GVT OBLG D 1.000 3.75% 76,970.00 0.00 76,970.00 0.00 Sale 05/30/2025 31846V401 (3,245,811.79) FIRST AMER:GVT OBLG D 1.000 3.79% 3,245,811.79 0.00 3,245,811.79 0.00 Sale 05/30/2025 31846V401 (6,000.00) FIRST AMER:GVT OBLG D 1.000 3.79% 6,000.00 0.00 6,000.00 0.00 Total Sale (3,328,781.79) 3,328,781.79 0.00 3,328,781.79 0.00 101
CONFIDENTIAL | 11
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (13,578,781.79) 13,578,781.79 0.00 13,578,781.79 (0.01) OTHER

TRANSACTIONS
Coupon 05/15/2025 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.55% 890.50 0.00 890.50 0.00
Coupon 05/15/2025 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 937.04 0.00 937.04 0.00
Coupon 05/15/2025 91282CFW6 0.00 UNITED STATES TREASURY

4.5 11/15/2025 4.24% 9,000.00 0.00 9,000.00 0.00
Coupon 05/16/2025 36267KAD9 0.00 GMCAR 2023-3 A3 5.45
06/16/2028 5.51% 204.38 0.00 204.38 0.00
Coupon 05/16/2025 362955AD8 0.00 GMCAR 2025-1 A3 4.62
12/17/2029 5.03% 327.25 0.00 327.25 0.00
Coupon 05/20/2025 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.36% 172.53 0.00 172.53 0.00
Coupon 05/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 160.17 0.00 160.17 0.00
Coupon 05/29/2025 3134GW6Z4 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025

0.48% 1,200.00 0.00 1,200.00 0.00
Coupon 05/31/2025 9128285N6 0.00 UNITED STATES TREASURY

2.875 11/30/2025 4.18% 4,312.50 0.00 4,312.50 0.00
Total Coupon 0.00 17,204.37 0.00 17,204.37 0.00
Dividend 05/31/2025 31846V401 0.00 FIRST AMER:GVT OBLG D 3.79% 1,337.15 0.00 1,337.15 0.00 Total Dividend 0.00 1,337.15 0.00 1,337.15 0.00
Principal Paydown 05/16/2025 36267KAD9 2,036.93 GMCAR 2023-3 A3 5.45 06/16/2028 5.51% 2,036.93 -- 2,036.93 (0.00)
Principal Paydown 05/20/2025 379929AD4 6,923.10 GMALT 2023-3 A3 5.38 11/20/2026 5.36% 6,923.10 -- 6,923.10 0.00
Principal Paydown 05/25/2025 05592XAD2 2,578.11 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 2,578.11 -- 2,578.11 (0.00)
102
CONFIDENTIAL | 12
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Principal
Paydown 11,538.14 11,538.14 -- 11,538.14 (0.01)

CASH & EQUIVALENTS
31846V401 FIRST AMER:GVT OBLG D
131,591.12
77,269.82
3,383,103.09
(3,328,781.79)
131,591.12

0.00 2,673.08

0.00 0.00

0.00 2,673.08
2,673.08
912797PC5 UNITED STATES TREASURY
05/06/2025
04/10/2025
04/11/2025

0.00 349,794.64

0.00 (350,000.00)

0.00 0.00

0.00 205.36

0.00 205.36
205.36
205.36
912797PH4 UNITED STATES TREASURY
05/13/2025
04/16/2025
04/17/2025

0.00 6,890,299.19

0.00 (6,900,000.01)

0.00 0.00

0.00 9,700.82

0.00 9,700.82
9,700.82
9,700.82
912797PR2 UNITED STATES TREASURY
06/10/2025 10,250,000.00

0.00 10,222,781.79

0.00 10,239,170.78

0.00 0.00

0.00 0.00
16,388.99

0.00 16,388.99
16,388.99
16,388.99
CCYUSD Receivable
5,649.65
2,673.08

0.00 0.00
5,649.65

0.00 0.00

0.00 Total Cash & Equivalents 10,387,240.77
7,320,036.73
13,605,884.88
(10,578,781.80)
10,376,411.55

0.00 2,673.08

0.00 2,673.08
26,295.17

0.00 26,295.17
28,968.25 28,968.25

FIXED INCOME
009158BB1

AIR PRODUCTS AND
CHEMICALS INC 1.5
10/15/2025
11/12/2024
11/13/2024
275,000.00
271,320.53

0.00 0.00
272,003.55
183.33

0.00 527.08
343.75
683.01

0.00 683.01
1,026.76
1,026.76
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
215,000.00
214,993.50

0.00 0.00
214,993.66
499.76
937.04
499.76
937.04

0.16 0.00

0.00 0.00
220,536.41
3,388.00

0.00 4,295.50
907.50

0.00 (74.90)
(74.90)
832.60
832.60
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/12/2023
07/18/2023
32,559.39
35,133.69

0.00 (2,578.11)
32,555.96

32.03 160.17

29.68 157.82

0.39 0.00

0.39 158.21
158.21
06051GFS3 BANK OF AMERICA CORP

3.875 08/01/2025
08/12/2024
08/13/2024
265,000.00
264,350.10

0.00 0.00
264,569.09
2,567.19

0.00 3,422.92
855.73
218.99

0.00 218.99
1,074.72
1,074.72
20030NBN0 COMCAST CORP 3.375
08/15/2025
07/22/2024
07/23/2024
260,000.00
258,701.55

0.00 0.00
259,081.29
1,852.50

0.00 2,583.75
731.25
379.73

0.00 379.73
1,110.98
1,110.98
24422EWJ4 JOHN DEERE CAPITAL CORP

4.05 09/08/2025
07/09/2024
07/10/2024
260,000.00
259,099.73

0.00 0.00
259,314.41
1,550.25

0.00 2,427.75
877.50
214.68

0.00 214.68
1,092.18
1,092.18
30231GAT9 EXXON MOBIL CORP 3.043
03/01/2026
06/08/2023
06/12/2023
500,000.00
494,215.43

0.00 0.00
494,805.30
2,535.83

0.00 3,803.75
1,267.92
589.87

0.00 589.87
1,857.79
1,857.79
3130ARF55 FEDERAL HOME LOAN BANKS

2.6 03/30/2027
03/30/2022
03/30/2022
3,000,000.00
3,000,000.00

0.00 0.00
3,000,000.00
6,716.67

0.00 13,216.67
6,500.00

0.00 0.00

0.00 6,500.00
6,500.00
3134GW6Z4

FEDERAL HOME LOAN
MORTGAGE CORP 0.48
05/29/2025
10/30/2020
10/30/2020

0.00 3,000,000.00

0.00 (3,000,000.00)

0.00 80.00
1,200.00

0.00 1,120.00

0.00 0.00

0.00 1,120.00
1,120.00
36267KAD9 GMCAR 2023-3 A3 5.45
06/16/2028
07/11/2023
07/19/2023
42,963.07
44,998.89

0.00 (2,036.93)
42,962.04
102.19
204.38

97.56 199.75

0.08 0.00

0.00 0.00
84,994.16
163.63
327.25
163.63
327.25

0.11 0.00

0.11 327.36
327.36
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/11/2023
31,558.63
38,479.54

0.00 (6,923.10)
31,556.93

63.26 172.53

51.88 161.15

0.49 0.00

0.49 161.64
161.64
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028
09/12/2023
09/19/2023
195,000.00
194,991.25

0.00 0.00
194,991.49
474.93
890.50
474.93
890.50

0.24 0.00

0.24 890.74
890.74
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026
10/16/2024
10/17/2024
250,000.00
253,188.50

0.00 0.00
253,010.72
5,074.51

0.00 6,139.10
1,064.58

0.00 (177.78)
(177.78)
886.81
886.81
6174468C6 MORGAN STANLEY 4.0
07/23/2025
09/12/2024
09/13/2024
260,000.00
259,676.65

0.00 0.00
259,797.42
2,831.11

0.00 3,697.78
866.67
120.77

0.00 120.77
987.44
987.44
693475BB0 PNC FINANCIAL SERVICES
GROUP INC 1.15 08/13/2026
03/19/2025
03/20/2025
225,000.00
215,678.28

0.00 0.00
216,294.43
560.63

0.00 776.25
215.63
616.15

0.00 616.15
831.77
831.77
828807CV7 SIMON PROPERTY GROUP LP

3.5 09/01/2025
12/16/2024
12/17/2024
275,000.00
273,960.34

0.00 0.00
274,222.37
1,604.17

0.00 2,406.25
802.08
262.03

0.00 262.03
1,064.11
1,064.11
89115A2K7 TORONTO-DOMINION BANK

5.103 01/09/2026
02/24/2025
02/25/2025
260,000.00
261,054.96

0.00 0.00
260,925.70
4,127.76

0.00 5,233.41
1,105.65

0.00 (129.26)
(129.26)
976.39
976.39
912797LN5 UNITED STATES TREASURY
06/12/2025
12/16/2024
12/17/2024
420,000.00
417,950.58

0.00 0.00
419,463.25

0.00 0.00

0.00 0.00
1,512.67

0.00 0.00
348,985.00

0.00 0.00

0.00 0.00
1,258.60

0.00 1,258.60
1,258.60
1,258.60
912797NX1 UNITED STATES TREASURY
07/03/2025
01/06/2025
01/07/2025
250,000.00
248,192.03

0.00 0.00
249,081.67

0.00 0.00

0.00 0.00
889.64

0.00 889.64
889.64
889.64
912797PE1 UNITED STATES TREASURY
07/17/2025
01/21/2025
01/22/2025
350,000.00
346,880.17

0.00 0.00
348,136.21

0.00 0.00

0.00 0.00
1,256.04

0.00 1,256.04
1,256.04
1,256.04
912797PP6 UNITED STATES TREASURY
08/21/2025
02/24/2025
02/25/2025
500,000.00
493,479.73

0.00 0.00
495,284.45

0.00 0.00

0.00 0.00
1,804.72

0.00 1,804.72
1,804.72
1,804.72
9128285N6 UNITED STATES TREASURY

2.875 11/30/2025
03/12/2025
03/13/2025
300,000.00
297,761.13

0.00 0.00
298,086.98
3,601.65

0.00 23.57
(3,578.08)
325.84

0.00 325.84
(3,252.24)
(3,252.24)
91282CEU1 UNITED STATES TREASURY

2.875 06/15/2025
10/21/2024
10/22/2024
500,000.00
499,135.99

0.00 0.00
499,731.20
5,410.37

0.00 6,634.62
1,224.24
595.21

0.00 595.21
1,819.45
1,819.45
91282CFP1 UNITED STATES TREASURY

4.25 10/15/2025
03/12/2025
03/13/2025
300,000.00
300,072.48

0.00 0.00
300,059.03
557.38

0.00 1,637.30
1,079.92

0.00 (13.45)
(13.45)
1,066.46
1,066.46
91282CFW6 UNITED STATES TREASURY 4.5
11/15/2025
12/30/2024
12/31/2024
400,000.00
400,533.41

0.00 0.00
400,449.89
8,303.87
9,000.00
831.52
1,527.65

0.00 (83.51)
(83.51)
1,444.14
1,444.14
91282CGA3 UNITED STATES TREASURY 4.0
12/15/2025
02/10/2025
02/11/2025
340,000.00
339,447.64

0.00 0.00
339,522.74
5,118.68

0.00 6,276.92
1,158.24

75.10 0.00

3.875 01/15/2026
06/08/2023
06/09/2023
500,000.00
498,675.51

0.00 0.00
498,834.04
5,673.34

0.00 7,332.53
1,659.19
158.53

0.00 158.53
1,817.71
1,817.71
91282CGL9 UNITED STATES TREASURY 4.0
02/15/2026
03/19/2025
03/20/2025
400,000.00
399,426.77

0.00 0.00
399,488.05
3,314.92

0.00 4,685.08
1,370.17

61.28 0.00

61.28 1,431.44
1,431.44
Total Fixed Income 11,262,081.08
14,234,730.14

0.00 (3,011,538.15)
11,233,737.42
66,387.95
12,891.87
77,269.17
23,773.09
11,024.33
(478.91)
10,545.42
34,318.51 34,318.51
TOTAL PORTFOLIO 21,649,321.85
21,554,766.87
13,605,884.88
(13,590,319.94)
21,610,148.97
66,387.95
15,564.95
77,269.17
26,446.17
37,319.50
(478.91)
36,840.59
63,286.76 63,286.76
108
CONFIDENTIAL | 18
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2025
06/05/2025 Coupon 20030NBN0 260,000.00 COMCAST CORP 3.375 08/15/2025 2,681.25 2,681.25 06/05/2025 Effective Maturity 20030NBN0 260,000.00 COMCAST CORP 3.375 08/15/2025 260,000.00 260,000.00 06/09/2025 Coupon 48125LRU8 250,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 6,387.50 6,387.50 06/10/2025 Final Maturity 912797PR2 10,250,000.00 UNITED STATES TREASURY 06/10/2025 10,250,000.00 10,250,000.00 06/12/2025 Final Maturity 912797LN5 420,000.00 UNITED STATES TREASURY 06/12/2025 420,000.00 420,000.00 06/16/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 06/16/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 197.12 197.12 06/16/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,629.78 2,629.78 06/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 06/16/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 890.50 890.50 06/16/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 6,268.89 6,268.89 06/16/2025 Coupon 91282CEU1 500,000.00 UNITED STATES TREASURY 2.875 06/15/2025 7,187.50 7,187.50 06/16/2025 Final Maturity 91282CEU1 500,000.00 UNITED STATES TREASURY 2.875 06/15/2025 500,000.00 500,000.00 06/16/2025 Coupon 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 6,800.00 6,800.00 06/20/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 143.54 143.54 06/20/2025 Principal Paydown 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,506.87 5,506.87 06/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 150.45 150.45 06/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 2,272.90 2,272.90 06/26/2025 Final Maturity 912797NW3 350,000.00 UNITED STATES TREASURY 06/26/2025 350,000.00 350,000.00 June 2025 Total 11,796,678.44 25,702.15 11,822,380.59
JULY 2025
07/03/2025 Final Maturity 912797NX1 250,000.00 UNITED STATES TREASURY 07/03/2025 250,000.00 250,000.00 07/09/2025 Coupon 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 5,445.00 5,445.00
07/09/2025 Coupon 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 6,633.90 6,633.90 07/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 07/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 861.87 861.87 07/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 13,539.34 13,539.34 07/15/2025 Coupon 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 9,687.50 9,687.50 07/16/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 185.18 185.18 07/16/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,573.38 2,573.38 109
CONFIDENTIAL | 19
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 07/17/2025 Final Maturity 912797PE1 350,000.00 UNITED STATES TREASURY 07/17/2025 350,000.00 350,000.00 07/21/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 118.85 118.85 07/21/2025 Principal Paydown 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,266.55 5,266.55 07/23/2025 Coupon 6174468C6 260,000.00 MORGAN STANLEY 4.0 07/23/2025 5,200.00 5,200.00 07/23/2025 Final Maturity 6174468C6 260,000.00 MORGAN STANLEY 4.0 07/23/2025 260,000.00 260,000.00 07/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 140.08 140.08 07/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 2,227.03 2,227.03 July 2025 Total 883,606.29 29,536.68 913,142.97
AUGUST 2025
08/01/2025 Coupon 06051GFS3 265,000.00 BANK OF AMERICA CORP 3.875 08/01/2025 5,134.38 5,134.38 08/01/2025 Final Maturity 06051GFS3 265,000.00 BANK OF AMERICA CORP 3.875 08/01/2025 265,000.00 265,000.00 08/13/2025 Coupon 693475BB0 225,000.00 PNC FINANCIAL SERVICES GROUP INC 1.15 08/13/2026 1,293.75 1,293.75
08/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 08/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 800.04 800.04 08/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,280.56 10,280.56 08/15/2025 Coupon 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 8,000.00 8,000.00 08/18/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 173.49 173.49 08/18/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,382.43 2,382.43 08/18/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 08/20/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 95.24 95.24 08/20/2025 Principal Paydown 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,031.04 5,031.04 08/21/2025 Final Maturity 912797PP6 500,000.00 UNITED STATES TREASURY 08/21/2025 500,000.00 500,000.00 08/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 129.93 129.93 08/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 2,160.39 2,160.39 August 2025 Total 784,854.42 16,891.13 801,745.55
SEPTEMBER 2025
09/02/2025 Coupon 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 7,607.50 7,607.50 09/02/2025 Coupon 828807CV7 275,000.00 SIMON PROPERTY GROUP LP 3.5 09/01/2025 4,812.50 4,812.50 09/02/2025 Final Maturity 828807CV7 275,000.00 SIMON PROPERTY GROUP LP 3.5 09/01/2025 275,000.00 275,000.00 09/08/2025 Coupon 24422EWJ4 260,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 5,265.00 5,265.00 110
CONFIDENTIAL | 20
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/08/2025 Final Maturity 24422EWJ4 260,000.00 JOHN DEERE CAPITAL CORP 4.05 09/08/2025 260,000.00 260,000.00 09/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 09/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 753.09 753.09 09/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 8,316.02 8,316.02 09/16/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 162.67 162.67 09/16/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,337.49 2,337.49 09/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 09/22/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 72.69 72.69 09/22/2025 Principal Paydown 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,792.17 5,792.17 09/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 120.09 120.09 09/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 2,115.97 2,115.97 09/30/2025 Coupon 3130ARF55 3,000,000.00 FEDERAL HOME LOAN BANKS 2.6 03/30/2027 39,000.00 39,000.00 September 2025
Total 553,561.66 59,057.83 612,619.48
OCTOBER 2025
10/15/2025 Coupon 009158BB1 275,000.00 AIR PRODUCTS AND CHEMICALS INC 1.5 10/15/2025 2,062.50 2,062.50
10/15/2025 Final Maturity 009158BB1 275,000.00 AIR PRODUCTS AND CHEMICALS INC 1.5 10/15/2025 275,000.00 275,000.00
10/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 10/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 715.12 715.12 10/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 9,719.42 9,719.42 10/15/2025 Coupon 91282CFP1 300,000.00 UNITED STATES TREASURY 4.25 10/15/2025 6,375.00 6,375.00 10/15/2025 Final Maturity 91282CFP1 300,000.00 UNITED STATES TREASURY 4.25 10/15/2025 300,000.00 300,000.00 10/16/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 152.06 152.06 10/16/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,239.80 2,239.80 10/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 10/20/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 46.72 46.72 10/20/2025 Principal Paydown 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,420.02 5,420.02 10/27/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 110.44 110.44 10/27/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 2,036.12 2,036.12 October 2025 Total 594,415.37 10,726.12 605,141.49
111
CONFIDENTIAL | 21
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount NOVEMBER 2025
11/17/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 11/17/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 141.88 141.88 11/17/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 2,188.92 2,188.92 11/17/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 11/17/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 670.73 670.73 11/17/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,415.45 10,415.45 11/17/2025 Coupon 91282CFW6 400,000.00 UNITED STATES TREASURY 4.5 11/15/2025 9,000.00 9,000.00 11/17/2025 Final Maturity 91282CFW6 400,000.00 UNITED STATES TREASURY 4.5 11/15/2025 400,000.00 400,000.00 11/20/2025 Coupon 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 22.42 22.42 11/20/2025 Effective Maturity 379929AD4 31,558.63 GMALT 2023-3 A3 5.38 11/20/2026 5,000.31 5,000.31 11/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 101.16 101.16 11/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,876.66 1,876.66 November 2025
Total 419,481.33 11,200.48 430,681.82
DECEMBER 2025
12/01/2025 Coupon 9128285N6 300,000.00 UNITED STATES TREASURY 2.875 11/30/2025 4,312.50 4,312.50 12/01/2025 Final Maturity 9128285N6 300,000.00 UNITED STATES TREASURY 2.875 11/30/2025 300,000.00 300,000.00 12/08/2025 Coupon 48125LRU8 250,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 6,387.50 6,387.50 12/15/2025 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 12/15/2025 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 623.17 623.17 12/15/2025 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 7,734.59 7,734.59 12/15/2025 Coupon 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 6,800.00 6,800.00 12/15/2025 Final Maturity 91282CGA3 340,000.00 UNITED STATES TREASURY 4.0 12/15/2025 340,000.00 340,000.00 12/16/2025 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 131.94 131.94 12/16/2025 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 1,877.52 1,877.52 12/16/2025 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 12/25/2025 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 92.60 92.60 12/25/2025 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,746.19 1,746.19 December 2025
Total 651,358.29 19,612.01 670,970.30
JANUARY 2026
112
CONFIDENTIAL | 22
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/09/2026 Coupon 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 5,445.00 5,445.00
01/09/2026 Final Maturity 02665WEY3 220,000.00 AMERICAN HONDA FINANCE CORP 4.95 01/09/2026 220,000.00 220,000.00
01/09/2026 Coupon 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 6,633.90 6,633.90 01/09/2026 Final Maturity 89115A2K7 260,000.00 TORONTO-DOMINION BANK 5.103 01/09/2026 260,000.00 260,000.00 01/15/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 01/15/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 587.85 587.85 01/15/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 11,189.99 11,189.99 01/15/2026 Coupon 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 9,687.50 9,687.50 01/15/2026 Final Maturity 91282CGE5 500,000.00 UNITED STATES TREASURY 3.875 01/15/2026 500,000.00 500,000.00 01/16/2026 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 123.41 123.41 01/16/2026 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 1,844.31 1,844.31 01/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 01/26/2026 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 84.64 84.64 01/26/2026 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,641.98 1,641.98 January 2026 Total 994,676.29 23,826.60 1,018,502.89
FEBRUARY 2026
02/13/2026 Coupon 693475BB0 225,000.00 PNC FINANCIAL SERVICES GROUP INC 1.15 08/13/2026 1,293.75 1,293.75
02/16/2026 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 115.04 115.04 02/16/2026 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 1,823.48 1,823.48 02/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 02/16/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 536.75 536.75 02/16/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,186.28 10,186.28 02/17/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 02/17/2026 Coupon 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 8,000.00 8,000.00 02/17/2026 Final Maturity 91282CGL9 400,000.00 UNITED STATES TREASURY 4.0 02/15/2026 400,000.00 400,000.00 02/25/2026 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 77.16 77.16 02/25/2026 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,620.16 1,620.16 February 2026
Total 413,629.92 11,286.99 424,916.90
113
CONFIDENTIAL | 23
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MARCH 2026
03/02/2026 Coupon 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 7,607.50 7,607.50 03/02/2026 Final Maturity 30231GAT9 500,000.00 EXXON MOBIL CORP 3.043 03/01/2026 500,000.00 500,000.00 03/16/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 03/16/2026 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 106.76 106.76 03/16/2026 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 1,766.71 1,766.71 03/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 03/16/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 490.23 490.23 03/16/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 8,406.24 8,406.24 03/25/2026 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 69.77 69.77 03/25/2026 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,575.11 1,575.11 03/30/2026 Coupon 3130ARF55 3,000,000.00 FEDERAL HOME LOAN BANKS 2.6 03/30/2027 39,000.00 39,000.00 March 2026 Total 511,748.05 48,538.55 560,286.61
APRIL 2026
04/15/2026 Coupon 02582JKD1 215,000.00 AMXCA 2023-3 A 5.23 09/15/2028 937.04 937.04 04/15/2026 Coupon 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 451.84 451.84 04/15/2026 Principal Paydown 47787CAC7 195,000.00 JDOT 2023-C A3 5.48 05/15/2028 10,554.33 10,554.33 04/16/2026 Coupon 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 98.73 98.73 04/16/2026 Principal Paydown 36267KAD9 42,963.07 GMCAR 2023-3 A3 5.45 06/16/2028 1,851.45 1,851.45 04/16/2026 Coupon 362955AD8 85,000.00 GMCAR 2025-1 A3 4.62 12/17/2029 327.25 327.25 04/27/2026 Coupon 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 62.59 62.59 04/27/2026 Principal Paydown 05592XAD2 32,559.39 BMWOT 2023-A A3 5.47 02/25/2028 1,618.90 1,618.90 April 2026 Total 14,024.68 1,877.46 15,902.14
Grand Total 41,550,197.51 17,618,034.74 258,255.99 17,876,290.74 114
CONFIDENTIAL | 24
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P, Moody’s and Fitch respectively. 115
CONFIDENTIAL | 25
City of Banning | Account #11089 | As of May 31, 2025
Execution Time: 06/03/2025 09:36:23 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

Please visit www.mlindex.ml.com for more information)
116
Carrying Cost Plus
Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury:

Bills $ 45,564,078,040.78 $ 45,961,568,430.50 NA
Notes $ 43,268,662,162.03 $ 43,377,802,112.00 $ 430,419,269.50 Federal Agency:

SBA $ 223,245,669.54 $ 226,115,992.58 $ 892,317.36
MBS-REMICs $ 1,087,384.32 $ 1,076,576.81 $ 4,743.62
Debentures $ 6,825,660,283.48 $ 6,816,848,650.00 $ 66,790,804.50 Debentures FR $ - $ - $ -
Debentures CL $ 2,900,000,000.00 $ 2,902,818,000.00 $ 24,319,783.50 Discount Notes $ 28,404,055,736.03 $ 28,646,520,100.00 NA Supranational Debentures $ 3,680,324,110.27 $ 3,678,762,000.00 $ 36,401,591.70 Supranational Debentures FR $ - $ - $ -
CDs and YCDs FR $ - $ - $ -
Bank Notes
CDs and YCDs $ 16,050,000,000.00 $ 16,043,568,402.73 $ 168,870,569.47 Commercial Paper $ 12,336,261,722.23 $ 12,430,366,430.44 NA Corporate:

Bonds FR $ - $ - $ -
Bonds $ 1,019,874,145.06 $ 1,016,756,700.00 $ 9,407,486.30 Repurchase Agreements $ - $ - $ -
Reverse Repurchase $ - $ - $ -
Time Deposits $ 5,281,000,000.00 $ 5,281,000,000.00 NA
PMIA & GF Loans $ 236,264,000.00 $ 236,264,000.00 NA
TOTAL $ 165,790,513,253.74 $ 166,619,467,395.06 $ 737,106,565.95 Fair Value Including Accrued Interest $ 167,356,573,961.01 Repurchase Agreements, Time Deposits, PMIA & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).

State of California
Pooled Money Investment Account
Market Valuation
5/31/2025
117
May 4.272
April 4.281
March 4.313
February 4.333
January 4.366
December 4.434
LAIF Apportionment Rate(2): 4.48
LAIF Earnings Ratio(2): 0.00012266258268207
LAIF Administrative Cost(1)*: 0.26
PMIA Average Life
(1): 244
LAIF Fair Value Factor
(1): 1.000849191
PMIA Daily
(1): 4.30
PMIA Quarter to Date(1): 4.34
Treasuries

53.83%
Agencies

25.22%
Certificates of
Deposit/Bank Notes

9.63%
Time
Deposits

3.17%
Commercial
Paper

7.40%
Corporate
Bonds

0.61%
Loans

Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 06/11/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 3/31/25
Chart does not include $1,087,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
5/31/25
$166.7 billion
118

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Yvette Vaca, Administrative Sergeant
Vincent Avila, Chief of Police
MEETING DATE: August 26, 2025
SUBJECT: Receive and File Police Department Statistics for the Months of June and July 2025
RECOMMENDATION:

Receive and file.

BACKGROUND:

The Banning Police Department provides statistics to the public and City Council upon request.

JUSTIFICATION:

Statistics tell a city how many police officers need to be on the street, what crimes are being committed, and reveal increases and decreases in specific crimes. Also, cities get funding in part on their crime rates. If a federal crime bill passed, the Government needs to know which cities could benefit the most from those funds, and some cities have been rewarded financially for drastically lowering rates of crime.

FISCAL IMPACT:

None.

ALTERNATIVES:

Providing statistics keeps the Council, staff, and residents apprised of current police activities. If the statistics are not presented to the Council on a regular basis, then they should be provided on another platform.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. Group A Offense Report June (32).pdf

2. Group A Offense Report July (33).pdf

3. STATS - JULY 2025.pdf

4. STATS-JUNE 2025.pdf
119
Offense Reported
in 2025
Reported
in 2024
Percent
Change
Offenses
Cleared
Percent
Cleared
Percent Of
Category
Rate Per
100,000*
Murder 0 1 -100.00% 0 0.00% 0.00% 0.00
Negligent Manslaughter 0 0 NA 0 0.00% 0.00% 0.00
Justifiable Homicide 0 0 NA 0 0.00% 0.00% 0.00
Non-consensual Sex Offenses:

Rape 0 1 -100.00% 0 0.00% 0.00% 0.00
Sodomy 1 0 NA 0 0.00% 4.00% 3.13
Sexual Assault with Object 0 0 NA 0 0.00% 0.00% 0.00
Fondling 0 0 NA 0 0.00% 0.00% 0.00
Aggravated Assault 9 11 -18.18% 6 66.67% 36.00% 28.13
Simple Assault 14 7 100.00% 6 42.86% 56.00% 43.75
Intimidation 0 1 -100.00% 0 0.00% 0.00% 0.00
Kidnapping/Abduction 1 0 NA 1 100.00% 4.00% 3.13
Consensual Sex Offenses:

Incest 0 0 NA 0 0.00% 0.00% 0.00
Statutory Rape 0 0 NA 0 0.00% 0.00% 0.00
Human Trafficking, Commercial
Sex Acts
0 0 NA 0 0.00% 0.00% 0.00
Human Trafficking, Involuntary
Servitude
0 0 NA 0 0.00% 0.00% 0.00
Crimes Against Persons Total 25 21 19.05% 13 52% 39.68% 78.13 Robbery 2 3 -33.33% 0 0.00% 7.41% 6.25
Burglary/Breaking & Entering 1 7 -85.71% 1 100.00% 3.70% 3.13 Larceny/Theft Offenses 8 12 -33.33% 0 0.00% 29.63% 25.00 Motor Vehicle Theft 7 2 250.00% 0 0.00% 25.93% 21.88
Arson 0 0 NA 0 0.00% 0.00% 0.00
Destruction Of Property 8 11 -27.27% 2 25.00% 29.63% 25.00 Counterfeiting/Forgery 1 0 NA 0 0.00% 3.70% 3.13
Fraud Offense 0 1 -100.00% 0 0.00% 0.00% 0.00
Embezzlement 0 1 -100.00% 0 0.00% 0.00% 0.00
Extortion/Blackmail 0 0 NA 0 0.00% 0.00% 0.00
Bribery 0 0 NA 0 0.00% 0.00% 0.00
Stolen Property Offenses 0 0 NA 0 0.00% 0.00% 0.00
Crimes Against Property Total 27 37 -27.03% 3 11.11% 42.86% 84.38 Drug/Narcotic Violations 4 5 -20.00% 4 100.00% 36.36% 12.50 Drug Equipment Violations 6 5 20.00% 6 100.00% 54.55% 18.75 Gambling Offenses 0 0 NA 0 0.00% 0.00% 0.00
Pornography/Obscene Material 0 0 NA 0 0.00% 0.00% 0.00
Prostitution 0 0 NA 0 0.00% 0.00% 0.00
Weapons Law Violation 1 5 -80.00% 1 100.00% 9.09% 3.13
Animal Cruelty 0 0 NA 0 0.00% 0.00% 0.00
Crimes Against Society Total 11 15 -26.67% 11 100% 17.46% 34.38 Agency: All
Total Group "A" Offenses 63 73 -13.7% 27 42.86% 100% 196.88 Statewide Crime Profile * Adjusted population base: 32,000 2025 Crime in California

Note: The Rate per 100,000 will be 'NA' when the Adjusted Population Base is Zero.

Group A Offense Report
Beginning Date: 06/01/2025 Ending Date: 06/30/2025
Printed On: 07/08/2025

Page 1 of 1 ends

120
Offense Reported
in 2025
Reported
in 2024
Percent
Change
Offenses
Cleared
Percent
Cleared
Percent Of
Category
Rate Per
100,000*
Murder 0 0 NA 0 0.00% 0.00% 0.00
Negligent Manslaughter 0 0 NA 0 0.00% 0.00% 0.00
Justifiable Homicide 0 0 NA 0 0.00% 0.00% 0.00
Non-consensual Sex Offenses:

Rape 0 1 -100.00% 0 0.00% 0.00% 0.00
Sodomy 0 0 NA 0 0.00% 0.00% 0.00
Sexual Assault with Object 0 0 NA 0 0.00% 0.00% 0.00
Fondling 0 0 NA 0 0.00% 0.00% 0.00
Aggravated Assault 3 10 -70.00% 2 66.67% 30.00% 9.38
Simple Assault 5 3 66.67% 3 60.00% 50.00% 15.63
Intimidation 2 0 NA 0 0.00% 20.00% 6.25
Kidnapping/Abduction 0 0 NA 0 0.00% 0.00% 0.00
Consensual Sex Offenses:

Incest 0 0 NA 0 0.00% 0.00% 0.00
Statutory Rape 0 0 NA 0 0.00% 0.00% 0.00
Human Trafficking, Commercial
Sex Acts
0 0 NA 0 0.00% 0.00% 0.00
Human Trafficking, Involuntary
Servitude
0 0 NA 0 0.00% 0.00% 0.00
Crimes Against Persons Total 10 14 -28.57% 5 50% 30.3% 31.25 Robbery 0 1 -100.00% 0 0.00% 0.00% 0.00
Burglary/Breaking & Entering 3 6 -50.00% 1 33.33% 13.04% 9.38 Larceny/Theft Offenses 6 15 -60.00% 2 33.33% 26.09% 18.75 Motor Vehicle Theft 7 6 16.67% 1 14.29% 30.43% 21.88
Arson 0 1 -100.00% 0 0.00% 0.00% 0.00
Destruction Of Property 5 10 -50.00% 2 40.00% 21.74% 15.63 Counterfeiting/Forgery 0 0 NA 0 0.00% 0.00% 0.00
Fraud Offense 0 1 -100.00% 0 0.00% 0.00% 0.00
Embezzlement 0 0 NA 0 0.00% 0.00% 0.00
Extortion/Blackmail 0 0 NA 0 0.00% 0.00% 0.00
Bribery 0 0 NA 0 0.00% 0.00% 0.00
Stolen Property Offenses 2 2 0.00% 2 100.00% 8.70% 6.25 Crimes Against Property Total 23 42 -45.24% 8 34.78% 69.7% 71.88 Drug/Narcotic Violations 0 8 -100.00% 0 0.00% 0.00% 0.00 Drug Equipment Violations 0 9 -100.00% 0 0.00% 0.00% 0.00 Gambling Offenses 0 0 NA 0 0.00% 0.00% 0.00
Pornography/Obscene Material 0 0 NA 0 0.00% 0.00% 0.00
Prostitution 0 0 NA 0 0.00% 0.00% 0.00
Weapons Law Violation 0 11 -100.00% 0 0.00% 0.00% 0.00
Animal Cruelty 0 0 NA 0 0.00% 0.00% 0.00
Crimes Against Society Total 0 28 -100% 0 0.00% 0.00% 0 Agency: BANNING PD
Total Group "A" Offenses 33 84 -60.71% 13 39.39% 100% 103.13 Statewide Crime Profile * Adjusted population base: 32,000 2025 Crime in California

Note: The Rate per 100,000 will be 'NA' when the Adjusted Population Base is Zero.

Group A Offense Report
Beginning Date: 07/01/2025 Ending Date: 07/31/2025
Printed On: 08/12/2025

Page 1 of 1 ends

121
122
123

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Sandra Calderon, Acting Administrative City Clerk Todd Hopkins, CalFire Division Chief
MEETING DATE: August 26, 2025
SUBJECT: Receive and File Fire Protection Services Statistics for the Month of June and July 2025
RECOMMENDATION:

Receive and file.

BACKGROUND:

City Council has requested CalFire’s Riverside County Division, which provides fire protection services in the City of Banning, provide specific reports to the public and City Council on a monthly basis.

JUSTIFICATION:

Many Fire and EMS Departments store and analyze statistical data, which can provide a detailed analysis
of the types of responses their organization is called to assist. This information is critical to elevating the level of service provided by the Fire Department.

FISCAL IMPACT:

None.

ALTERNATIVES:

Providing statistics keeps the Council, staff, and residents apprised of current fire and paramedic activities. If the statistics are not presented to the Council on a regular basis, then they should be provided on another platform.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. June report_Banning.pdf

2. July report_Banning.pdf
124
Bill Weiser
Jurisdiction Summary for City of Banning
Fire Chief
Riverside County Fire Department/ CAL FIRE
6/1/2025 to 6/30/2025
Incident Response Activity
*At least 1 Resource Dispatched
Incident Type #
False Alarm 21
Medical 362
Other Fire 8
Public Service Assist 47
Res Fire 1
Rescue 1
Ringing Alarm 2
Standby 4
Traffic Collision 15
Vehicle Fire 3
Wildland Fire 7
Incident Total 471
Average Enroute to On-Scene Time
*Units Responding Charlie, Delta, Bravo, Echo, Code 3
6 230 81
0 4.43 72.56
<5 Minutes +5 Minutes
+10 Minutes +20 Minutes
Average Min % 0 to 5 Min
Enroute Time: Unit has been acknowledged as responding.

On-Scene Time: Unit has been acknowledged as being On-Scene.

Transport
*Based on Units with a Transport time
0 Total: 0
Mutual Aid
*Unit responses
Jurisdiction Units Responses
Engine 293
Total: 293
Mutual Aid Given
Engine 152
Total: 152
Mutual Aid Received
16 Breathing Support 1
Brush 2
Chief 13
Engine 253
Patrol 10
Squad 34
Truck/Quint 6
Total: 335
7/1/2025 1:41:22PM Page 1 of 2 125
Truck Report
MRFT1 recorded 6 responses in City of Banning from 6/1/2025 1:40:10 PM to 6/30/2025 1:40:10 PM
Significant Incidents
CALFIRE Riverside County Fire Department were dispatched to a residential structure at the above address. The first company office on scene reported a working attic fire. Firefighters contained the fire to the attic 20 minutes after arrival. There were no injuries of firefighters or civilians. Red Cross is providing assistance to three displaced adults. 25CARRU091372
6/9/2025 2:19:00AM
7/1/2025 1:41:22PM Page 2 of 2 126
Bill Weiser
Jurisdiction Summary for City of Banning
Fire Chief
Riverside County Fire Department/ CAL FIRE
7/1/2025 to 7/31/2025
Incident Response Activity
*At least 1 Resource Dispatched
Incident Type #
False Alarm 13
Medical 411
Other Fire 6
Other Misc 1
Public Service Assist 53
Res Fire 1
Ringing Alarm 1
Standby 4
Traffic Collision 17
Vehicle Fire 4
Wildland Fire 14
Incident Total 525
Average Enroute to On-Scene Time
*Units Responding Charlie, Delta, Bravo, Echo, Code 3
13 278 71
1 4.31 74.73
<5 Minutes +5 Minutes
+10 Minutes +20 Minutes
Average Min % 0 to 5 Min
Enroute Time: Unit has been acknowledged as responding.

On-Scene Time: Unit has been acknowledged as being On-Scene.

Transport
*Based on Units with a Transport time
0 Total: 0
Mutual Aid
*Unit responses
Jurisdiction Units Responses
Engine 324
Total: 324
Mutual Aid Given
Engine 172
Total: 172
Mutual Aid Received
26 Brush 7
Chaplain 1
Chief 19
Crew 3
Dozer 2
Engine 297
Patrol 9
Squad 26
Truck/Quint 8
Water Tender 6
Total: 404
8/1/2025 1:41:23PM Page 1 of 2 127
Truck Report
MRFT1 recorded 8 responses in City of Banning from 7/1/2025 1:40:10 PM to 7/31/2025 1:40:10 PM
Significant Incidents
CAL FIRE/Riverside County Fire Department responded to the above location for multiple reports of a vegetation fire. The first arriving Company Officer reported 1 acre of light fuels, burning in a northerly direction, at a moderate rate of spread. The fire was contained to 12.9 acres by multiple resources including fire engines, hand crews, bulldozers and aircraft. Firefighters will remain on scene for approximately two hours extinguishing hot spots and improving control lines. 25CARRU107164
7/7/2025 12:48:00PM
CAL FIRE/Riverside County Firefighters were dispatched to a reported structure fire at the above location. The first Chief Officer at scene reported a doublewide mobile home with smoke coming from the rooftop A/C unit. Shortly thereafter, heavy smoke and fire were coming from the roof.

Firefighters were able to contain the fire within 30 minutes. All occupants were safely able to exit the structure. One neighboring structure had minor damage to the carport and vehicle in the driveway. One firefighter was transported to the local hospital with general weakness. City of Banning Building and Safety will need to come and red tag the structure. The homeowner did require the assistance of Red Cross.
25CARRU120161
7/31/2025 3:29:00PM
8/1/2025 1:41:23PM Page 2 of 2 128

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Brandon Smith, Lieutenant
Vince Avila, Chief of Police
MEETING DATE: August 26, 2025
SUBJECT: Annual Report on the Banning Police Department Military Equipment Pursuant to California Assembly Bill 481
RECOMMENDATION:

Receive and file.

BACKGROUND:

On May 10, 2022, the Banning City Council approved and adopted Ordinance 1582, authorizing the Banning Police Department to acquire and use military equipment pursuant to Assembly Bill 481 and Government Code § 7070, et seq. To comply with Assembly Bill 481 the Banning Police Department maintains a department policy related to military equipment (Banning Police Policy § 708 - Military Equipment) and produces an annual report for current military equipment in inventory. Once acknowledged by City Council, the report is then made publicly available, to include a future public meeting to be held at the Banning Police Department for members of the public to ask questions about the program/equipment and published on the City of Banning website under the Banning Police Department.

JUSTIFICATION:

The acknowledgement of the annual military equipment inventory keeps the Banning Police Department and City of Banning in compliance with the provisions of Assembly Bill 481 and Government Code § 7070, et seq.

FISCAL IMPACT:

None.

ALTERNATIVES:

The City Council may choose to reject staff's recommendation and provide alternative direction.

BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. AB 481 Equipment 2025.pdf
129

2. Banning Police Policy 708 - Military_Equipment.pdf
130

Page 1 of 12 ends

Banning Police Department
125 E. Ramsey Street, Banning CA 92220 (951)922-3170

MILITARY EQUIPMENT (SPECIALIZED EQUIPMENT) INVENTORY AND FISCAL IMPACT 2025 ASSEMBLY BILL 481 REPORT
The following constitutes a list of qualifying specialized equipment currently available for use by the Banning Police Department, deemed to be “Military Equipment” under Section 7070 of the California Government Code:

Unmanned, Remotely Piloted, Powered Vehicles (Govt Code 7070(c)(1)): Remotely piloted machines operating on the ground or in the air (e.g., aerial drones and robots), utilized to enhance the safety of community members and officers.

1. Description, capabilities, quantity, and cost:
a. DJI MAVIC MINI – Miniature UAS that weighs approximately 249 grams and can record video and audio. Approximately 30-minute flight time.

Cost: $400.00 (Lifespan 3-5 years)
Quantity: 2
b. DJI MAVIC ENTERPRISE DUALS – UAS that has a color and infrared camera, light, and audible loudspeaker. Capable of video recording. Weighs 899 grams and has an approximately 30-minute flight time.

Cost: $8,500.00 (Lifespan 3-5 years)
Quantity: 1
c. Applied Research Associates (ARA) Pointman – Compact, military grade tactical robot that keeps the operator at a safe distance while providing video surveillance of multi-story structures, facility perimeters and vehicles. 19” wide, 13” long, 6.75” tall, and 18 pounds. Approximately 5-6 hour run time.

Cost: 23K-35K
Quantity: 1
131

Page 2 of 12 ends

2. Purpose:

To be deployed when its view would assist officers or incident commanders with the following situations, which include but are not limited to:
a. Post-incident crime scene preservation and documentation, b. Response to hazardous materials spills,
c. Traffic collision investigations,
d. Search and Rescue (SAR) missions as defined in the Department Policy Manual, e. Public safety and life preservation missions to include, but not limited to barricaded suspects, hostage situations, active shooters, apprehension of armed and dangerous and/or violent suspects, and high-risk search warrants, f. Disaster response and recovery to include natural or human-caused disasters including a full overview of a disaster area for post-incident analysis and documentation,
g. Training flights in support of the Department UAS Training Manual, h. For fire response and prevention,
i. When there is reasonable belief that (1) the UAS may record images of a place, thing, condition, or event; and (2) that those images would be relevant in proving that a crime had occurred or is occurring, or that a particular person committed or is committing a crime and use of the UAS does not infringe upon the reasonable expectation of privacy,
j. Pursuant to a search warrant,
k. Inspection of Banning city property and facilities, to include locations designated under the US Department of Homeland Security’s Critical Infrastructure Sectors, l. Production of video for the Department and other city departments for promotional, educational, and/or training purposes.

3. Authorized Use:

Only assigned operators who have completed the required training shall be permitted to operate any UAS during approved missions.

4. Training:

All Department UAS operators will be licensed by the Federal Aviation Administration for UAS operation under 14CFR Part 107. In addition, each operator must attend ongoing training.
132

Page 3 of 12 ends

5. Legal and Procedural Rules:

The Department will only deploy the UAS for official law enforcement purposes or approved missions pursuant to applicable Federal & State laws, Banning PD Policy, and in a manner that respects the privacy of our community.

Mobile Command Vehicle (MCV) (Govt Code 7070(c)(5)): This vehicle is used during critical incidents as a field-based command post and community outreach events.

1. Description, capabilities, quantity, and cost:

The MCV is a 2006 Ford chassis, Winnebago Industries SHE motorhome. The vehicle is 30’ long, 12’ tall, 9’ wide, and has a 20,500-pound GVWR. The vehicle can operate as a mobile briefing room, mobile dispatch center, and major incident command post.

Cost: $100,000 new
Quantity: 1

2. Purpose:

Used for critical incidents based on the circumstances of a specific event, large events, or natural disasters to serve the community effectively and efficiently.

3. Authorized Use:

Only personnel trained in the use and deployment of the MCV shall drive the vehicle under the direction of the Watch Commander, Incident Commander, Detective Bureau, or their designee. Situations where the MCV may be deployed include but are not limited to critical incidents, natural disasters, community outreach events and emergencies.

4. Expected Lifespan:

The MCV's estimated lifespan is 15 years; however, upgrades are required at 5-year intervals to maintain communications and IT systems.

5. Fiscal Impact:

The MCV was purchased in 2007 using general funding. Annual maintenance cost is estimated to be $5,500.
133

Page 4 of 12 ends

6. Training:

Drivers/Operators shall receive safe handling and maneuvering training. Once the operator has shown competence in vehicle handling, the driver/operator will drive the vehicle with an experienced driver throughout the city.

7. Legal and Procedural Rules:

Command and control vehicles will only be operated by department members who have been trained in their operation and according to Department Policy.

Armored Vehicle (Govt Code 7070(c)(2)): This vehicle is used during critical incidents where the need for armored protection is needed.

1. Description, capabilities, quantity, and cost:

The Armored Vehicle is a 1992 Ford F700, fully armored vehicle.

Cost: $0 (Donated retired Armored Bank Vehicle)
Quantity: 1

2. Purpose:

Used for critical incidents based on the circumstances of a specific event, large events, or natural disasters to serve the community effectively and efficiently. Provides armored safety for officers and citizens when deployed.

3. Authorized Use:

Only personnel trained in the use and deployment of the Armored Vehicle shall drive the vehicle under the direction of the Watch Commander, Incident Commander, Detective Bureau, or their designee. Situations where the Armored Vehicle may be deployed include but are not limited to critical incidents, natural disasters, community outreach events and emergencies.

4. Expected Lifespan:

The Armored Vehicle's estimated lifespan is 20 years; however, regular maintenance has extended the life and use capabilities of the vehicle.
134

Page 5 of 12 ends

5. Fiscal Impact:

The Armored Vehicle was donated to the Banning Police Department as a retired Armored Bank Vehicle. Annual maintenance cost is estimated to be $5,500.

6. Training:

7. Legal and Procedural Rules:

Command and control vehicles will only be operated by department members who have been trained in their operation and according to Department Policy.

Less Lethal 12 Gauge Shotgun and Munitions (Govt Code 7070(c)(14)): Less lethal shotguns are utilized by Department personnel as a less-lethal tool to deploy less-lethal impact munitions.

1. Description, capabilities, quantity, and cost:
a. The Banning Police Department utilizes both the Remington 870 and Mossberg A590 pump action, 12-gauge shotguns. These shotguns are outfitted with orange stocks and foregrips to be clearly marked as a less lethal tool. It will fire a 12 gauge drag stabilized bean bag.

Cost: $600.00 Remington 870 / Mossberg A590 $600.00
Quantity: 13
b. Drag Stabilized 12-gauge Bean Bag Round – The Drag Stabilized™ 12-Gauge Round is a translucent 12-Gauge shell loaded with a 40-Gram tear shaped bag made from a cotton and ballistic material blend and filled with #9 shot. This design utilizes four stabilizing tails and utilizes smokeless powder as the propellant. The 12-Gauge Drag Stabilized Round has secured its place as the Law Enforcement Communities’ number one choice for specialty impact munitions. This round has a velocity of 270 fps with a maximum effective range of 75 feet.

Cost: $9.20 per round
Quantity: 500
135

Page 6 of 12 ends

2. Purpose:

Lawful application of force delivered with the intent to subdue or render nonthreatening. The less lethal munitions may be used as an option to de-escalate a potentially dangerous/deadly situation, with a reduced potential for death or serious injury to all persons involved. It is accepted that the probability exists for bodily harm to occur. However, it must also be accepted that the application of such force may be the only alternative to using lethal force to stop the subject’s actions.

3. Authorized Use:

Situations where the deployment of less-lethal impact or chemical munitions is authorized include but are not limited to:
a. Self-destructive, dangerous, and/or combative individuals. b. Riot/crowd control and civil unrest incidents where the criminal behavior involved exceeds a failure to disburse or curfew violation.
c. Circumstances where a tactical advantage could be obtained. d. Tactical situations involving the deployment of the Department personnel.

4. Expected Lifespan:

The less lethal shotguns have an expected lifespan of approximately 15 years depending upon use.

5. Fiscal Impact:

Annual maintenance is approximately $50 each.

6. Training:

Prior to deploying 12-gauge less lethal shotguns and munitions, members must complete a certified course in the operation of 12-gauge less lethal shotguns and munitions which is conducted by Banning Police Department Certified Range Staff.

Additionally, all members that operate any Less Lethal Devices are required to pass a qualification course of instruction according to department policy.

7. Legal and Procedural Rules:

The Department will only utilize less lethal devices in accordance with State and federal law and Department policy.
136

Page 7 of 12 ends

Pepper Ball Launcher and Munitions (Govt Code 7070(c)(12)): A device that allows a law enforcement officer to maintain distance from an assailant or crowd.

1. Description, capabilities, quantity, and cost:
a. Pepper ball Launcher FTC- Semi-automatic, compressed air operated launcher, gravity feed, steel barrel with charging handle. Safety is a push button, cross bolt trigger safety. It will launch a standard Pepper ball projectile. The projectiles are fired at a velocity of between 300 to 350 feet per second. It has approximately 8-to12-foot pounds of kinetic energy. The target range is 0-60 feet (individual), and a maximum range of 150 feet (area of saturation).

Cost: $989.00 each with a loader
Quantity: 8
b. Pepper Ball Inert Practice Projectiles- Projectiles contain a harmless, scented powder, best suited for practice or direct impact when chemical exposure is not desired, are .68 caliber, and weigh 3 grams.

Cost: $1.56 each
Quantity: 375
c. Live Projectiles- Projectiles contain 2.0% PAVA. It is effective for direct impact and area saturation. It is .68 caliber and weighs 3 grams.

Cost: $2.40 each
Quantity: 375

2. Purpose:

3. Authorized Use:

Situations where the deployment of less-lethal impact or munitions is authorized include but are not limited to:
a. Self-destructive, dangerous, and/or combative individuals. 137

Page 8 of 12 ends

b. Riot/crowd control and civil unrest incidents where the criminal behavior involved exceeds a failure to disburse or curfew violation. c. Circumstances where a tactical advantage can be obtained.

4. Expected Lifespan:
a. Pepper ball FTC Launcher: 20 years
b. All Pepper ball projectiles have a life span of 3 years.

5. Fiscal Impact:

Annual maintenance for the Pepper ball FTC Launcher is approximately $50 each.

6. Training:

Prior to deploying the Pepper Ball Launcher and its munitions, members must complete a certified course in the operation of the Pepper Ball Launcher. Additionally, all members that operate any Less Lethal Devices are required to pass a qualification course of instruction according to department policy.

7. Legal and Procedural Rules:

The Department will only utilize less lethal devices in accordance with State and Federal law and Department policy.
40MM / 37MM Launchers and Munitions (Govt Code 7070(c)(14)): 40MM Launchers are utilized by Department personnel as a less-lethal tool to deploy less-lethal impact munitions.

1. Description, capabilities, quantity, and cost:
a. Federal Laboratories 37MM launcher. This is a single shot launcher with breakaction loading. The safety features are a push button and cross-bolt trigger safety. It will fire standard 37MM less-lethal 37MM less-lethal round up to 150 feet.

Cost: $975.00
Quantity: 1
b. Defense Technologies 40MM launcher. This is a single shot launcher with breakaction loading. The safety features are a push button and cross-bolt trigger safety. It will fire standard 40MM less-lethal 40MM less-lethal round up to 150 feet.
138

Page 9 of 12 ends

Cost: $1265.00
Quantity: 8
c. Defense Technologies, 40MM Exact Impact Sponge Round. A less lethal 40MM sponge round that is smokeless, and 4 inches long. The 40MM sponge projectile is fired from a single or multi-round purpose-built 40MM Launcher. The 60-gram sponge baton is a projectile delivering a blunt trauma effect. The 40MM exact impact sponge round provides accurate and effective performance when fired from the approved distance of not less than three (5) feet from the target. The optimal Range for the 40MM sponge round is 10 to 75 feet.

Cost: $22.02, per round
Quantity: 96

2. Purpose:

3. Authorized Use:

4. Expected Lifespan:
a. Federal Laboratories and Defense Technology are both 20 years. b. Ammunition: 5 years.

5. Fiscal Impact:

Annual maintenance is approximately $50 each.
139

Page 10 of 12 ends

6. Training:

Prior to deploying 40MM Launchers and Munitions, members must complete a POSTcertified course in the operation of 40MM Launchers and Munitions. Additionally, all members that operate any Less Lethal Devices are required to pass a qualification course of instruction according to department policy.

7. Legal and Procedural Rules:

The Department will only utilize less lethal devices in accordance with State and federal law and Department policy.

Rifles and Ammunition (Govt Code 7070(c)(10)): Shoulder-fired firearms with rifling cut into their barrels are intended to cause projectiles to spin, improving accuracy over a long distance.

1. Description, capabilities, quantity, and cost:

AR-15 Style .223/5.56 Rifle. A lightweight, shoulder-fired, magazine-fed, gas-operated rifle with a long spirally grooved barrel intended to make a bullet spin and thereby have greater accuracy over a long distance with greater ballistic capabilities than a pistol.

Modular accessories aiding operation and use may vary on each rifle. a. Colt AR15 M4 Rifles
Cost: $0 - Government funded 10-33 Program
Quantity: 4
b. Colt M16 Rifles
Cost: $0 - Government funded 10-33 Program
Quantity: 6
c. M14 Rifles
Cost: $0 - Government funded 10-33 Program
Quantity: 7

2. Purpose:

A precision weapon is used to address a threat with better accuracy at greater distances than a handgun.
140

Page 11 of 12 ends

3. Authorized Use:

Members who are POST-certified in the use of rifles are authorized to deploy them in the field, except in emergency situations.

4. Expected Lifespan:

The rifles listed above have an expected lifespan of approximately 12 years depending upon use.

5. Fiscal Impact:

Annual maintenance for each rifle is approximately $50.00.

6. Training:

Prior to deploying a rifle, members must complete a POST-certified course on its operation. Additionally, all members are required to pass a rifle range qualification according to department policy.

7. Legal and Procedural Rules:

The Department will only utilize firearms in accordance with State law, Federal law, and Department policy.

Specialized Firearms and Ammunition (Govt Code 7070(c)(10)): Heckler & Koch 9mm MP5.

Less than .50 caliber, including firearms and accessories identified as assault weapons in Penal Code § 30510 and Penal Code § 30515, with the exception of standard-issue handguns.

1. Description, capabilities, quantity, and cost:

Heckler & Koch 9mm MP5
Cost: $2200.00 each
Quantity: 15

2. Purpose:

This rifle is authorized for a SWAT Operator only and may be deployed in any circumstance where the officer can articulate a reasonable expectation that the rifle may be needed.
141

Page 12 of 12 ends

3. Authorized Use:

Examples of some general guidelines for deploying the rifle may include but are not limited to:
a. Situations where the officer reasonably anticipates an armed encounter. b. When the officer is faced with a situation that may require accurate and effective fire at long range.
c. Situations where an officer reasonably expects the need to meet or exceed a suspect's firepower.
d. When an officer reasonably believes that a suspect may be wearing body armor.

4. Expected Lifespan:

The rifles listed above have an expected lifespan of approximately 20 years depending upon use.

5. Fiscal Impact:

Annual maintenance for each rifle is approximately $50.00.

6. Training:

Prior to deploying a rifle, members must complete a POST-certified course on its operation. Additionally, all members are required to pass a rifle range qualification according to department policy.

7. Legal and Procedural Rules:

The Department will only utilize firearms in accordance with State law, Federal law, and Department policy.
142
Policy
708
Banning Police Department
Banning PD Policy Manual
Copyright Lexipol, LLC 2025/07/30, All Rights Reserved.

Published with permission by Banning Police Department
Military Equipment - 1
Military Equipment
708.1 PURPOSE AND SCOPE
The purpose of this policy is to provide guidelines for the approval, acquisition, and reporting requirements of military equipment (Government Code § 7070; Government Code § 7071; Government Code § 7072).
708.1.1 DEFINITIONS
Definitions related to this policy include (Government Code § 7070):

Governing body – The elected or appointed body that oversees the [Department/Office].

Military equipment – Includes but is not limited to the following:
• Unmanned, remotely piloted, powered aerial or ground vehicles. • Mine-resistant ambush-protected (MRAP) vehicles or armored personnel carriers. • High mobility multipurpose wheeled vehicles (HMMWV), two-and-one-half-ton trucks, five-ton trucks, or wheeled vehicles that have a breaching or entry apparatus attached. • Tracked armored vehicles that provide ballistic protection to their occupants. • Command and control vehicles that are either built or modified to facilitate the operational control and direction of public safety units. • Weaponized aircraft, vessels, or vehicles of any kind. • Battering rams, slugs, and breaching apparatuses that are explosive in nature. This does not include a handheld, one-person ram.
• Firearms and ammunition of_.50 caliber or greater, excluding standard-issue shotguns and standard-issue shotgun ammunition.
• Specialized firearms and ammunition of less than_.50 caliber, including firearms and accessories identified as assault weapons in Penal Code § 30510 and Penal Code § 30515, with the exception of standard-issue firearms.
• Any firearm or firearm accessory that is designed to launch explosive projectiles. • Noise-flash diversionary devices and explosive breaching tools. • Munitions containing tear gas or OC, excluding standard, service-issued handheld pepper spray.
• Area denial electroshock devices, microwave weapons, water cannons, long-range acoustic devices (LRADs), acoustic hailing devices, and sound cannons. • Kinetic energy weapons and munitions.
• Any other equipment as determined by a governing body or a state agency to require additional oversight.
143
Banning Police Department
Banning PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2025/07/30, All Rights Reserved.

Published with permission by Banning Police Department
Military Equipment - 2
708.2 POLICY
It is the policy of the Banning Police Department that members of this [department/office] comply with the provisions of Government Code § 7071 with respect to military equipment. 708.3 MILITARY EQUIPMENT COORDINATOR
The Police Captain is designated as the military equipment coordinator. The responsibilities of the military equipment coordinator include but are not limited to:
(a) Acting as liaison to the governing body for matters related to the requirements of this policy.
(b) Identifying [department/office] equipment that qualifies as military equipment in the current possession of the [Department/Office], or the equipment the [Department/ Office] intends to acquire that requires approval by the governing body. (c) Conducting an inventory of all military equipment at least annually. (d) Collaborating with any allied agency that may use military equipment within the jurisdiction of Banning Police Department (Government Code § 7071). (e) Preparing for, scheduling, and coordinating the annual community engagement meeting to include:

1. Publicizing the details of the meeting.

2. Preparing for public questions regarding the [department/office]'s funding, acquisition, and use of equipment.
(f) Preparing the annual military equipment report for submission to the Chief of Police and ensuring that the report is made available on the [department/office] website (Government Code § 7072).
(g) Establishing the procedure for a person to register a complaint or concern, or how that person may submit a question about the use of a type of military equipment, and how the [Department/Office] will respond in a timely manner. 708.4 MILITARY EQUIPMENT INVENTORY
The following constitutes a list of qualifying equipment for the [Department/Office] or mutual aid departments:

Unmanned, remotely piloted powered aerial or ground vehicles • Search and locate reported missing children or at-risk adults • Search and Rescue Operations to locate lost or Injured hikers • A law enforcement specific application involving Aerial DRONES are used for open terrain or large field searches as a force-multiplier to assist in high-risk apprehensions of armed or violent suspects. Aerial drones can be used as an interior search tool to locate suspects barricaded inside a residence or commercial structure. • A tracked armored vehicle remotely piloted for use in explosive ordinance disposal 144
Banning Police Department
Banning PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2025/07/30, All Rights Reserved.

Published with permission by Banning Police Department
Military Equipment - 3
• Unmanned robotics have numerous applications. Robotics are used instead of personnel in high-risk environments to increase safety for law enforcement Armored Vehicles
• Converted Bank Armor Car used for high-risk rescue or high-risk tactical operations.

Assault Weapons defined under PC 30510 & PC 30515
• Inventory includes AR style rifles that function at full and semi-automatic capability (fully automatic rifles are not assigned and kept in the armory) • Semi-automatic Benelli shotguns
• Increased accuracy and precision at long range distances • Currently used by most law enforcement agencies across the nation Tear Gas
• Chemical agents are deployed through various means to include hand delivery and weapon launchable, such as pepper ball.
40mm projectile launchers
• Less lethal 40mm launchers and rubber projectile munitions- Munitions are configured for high and low energy impact.
• 40mm less lethal has been effective in disarming violent suspects, armed suspects, and subjects who are suicidal with minimal injury and risk to the person, law enforcement or the public.

Bean Bag Launchers
• Less lethal bean bag is utilized through a marked/orange colored easily identifiable less lethal shotgun.
• The bean bag round is a small led pellet filled munition made of high density cloth. • Bean bag is the predecessor to 40mm less lethal having similar benefits as other less lethal platforms.

See attachment: AB481 Specialized Police Equipment (Military Equipment).pdf 708.5 APPROVAL
The Chief of Police or the authorized designee shall obtain approval from the governing body by way of an ordinance adopting the military equipment policy. As part of the approval process, the Chief of Police or the authorized designee shall ensure the proposed military equipment policy is submitted to the governing body and is available on the [department/office] website at least 30 days prior to any public hearing concerning the military equipment at issue (Government Code § 7071). The military equipment policy must be approved by the governing body prior to engaging in any of the prohibitions outlined in (Government Code § 7071). 145
Banning Police Department
Banning PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2025/07/30, All Rights Reserved.

Published with permission by Banning Police Department
Military Equipment - 4
708.6 COORDINATION WITH OTHER JURISDICTIONS
As established through past practice and mutual aid agreements, any jurisdiction through mutual aid agreement or request must accept the department's policies and procedures governing the deployment of equipment utilized by the Banning Police Department employees. This is reciprocal to other law enforcement agencies.

Through the Association of Riverside County Chiefs of Police and and Sheriff's (ARCCOPS) mutual aid agreement, all cities within Riverside County have agreed to accept the use of each law enforcement agency's Military Equipment policy related to any enforcement action throughout Riverside County.

Military equipment used by any member of this jurisdiction shall be approved for use and in accordance with this department policy. Military equipment used by other jurisdictions that are providing mutual aid to this jurisdiction shall comply with their respective military equipment use policies in rendering mutual aid.
708.7 ANNUAL REPORT
Upon approval of a military equipment policy, the Chief of Police or the authorized designee should submit a military equipment report to the governing body for each type of military equipment approved within one year of approval, and annually thereafter for as long as the military equipment is available for use (Government Code § 7072).

The Chief of Police or the authorized designee should also make each annual military equipment report publicly available on the [department/office] website for as long as the military equipment is available for use. The report shall include all information required by Government Code § 7072 for the preceding calendar year for each type of military equipment in [department/office] inventory. 708.8 COMMUNITY ENGAGEMENT
Within 30 days of submitting and publicly releasing the annual report, the [Department/Office] shall hold at least one well-publicized and conveniently located community engagement meeting, at which the [Department/Office] should discuss the report and respond to public questions regarding the funding, acquisition, or use of military equipment. 146
Banning PD Policy Manual
Copyright Lexipol, LLC 2025/07/30, All Rights Reserved.

Published with permission by Banning Police Department
AB481 Specialized Police Equipment (Military
Equipment).pdf - 6
AB481 Specialized Police
Equipment (Military Equipment).pdf
AB481 Specialized Police Equipment (Military Equipment).pdf 148
AB-481 REPORT
Unmanned Aircraft
• 2- DJI MAVIC MINI $400.00 @ (Lifespan 3-5 Years)
Miniature UAS that weighs approximately 249 grams and can record video and audio with approximately 30 minutes of flight time.
• 1- DJI MAVIC ENTERPRISE DUALS $8500.00 (Lifespan 3-5 Years) UAS that has a color and inferred camera as well as audible speaker and light. Capable of video recording and weighs 899 grams, approx. 30 minutes of flight time.

Robots
• ARA- Applied Research Associates' Pointman tactical robot • Cost 23K-35K (Non-working)
• Plan to surplus this item out of our inventory.

Armored vehicle
• Donated (Retired Bank Armored Car)
• Market value $15k
• Training- 4 hour practical driver training. Also DMV air brake Endorsement provided by DMV
Mobil Incident Command
• 2006
• Acquisition cost approx. 55K
• Lifespan: 20 years. Unit needs computer upgrade and radio upgrades to be functional
37mm and 40mm Launches and rounds
• Model 201 Z Federal Laboratories 37mm launcher-Lifespan 20 years • Cost: $975.00
• 8- 37mm sponge rounds-Lifespan 3 years
• Cost: 8.00 @
• Model 1425 Defense Technology 40mm launcher unit cost: $1265.00 @- Lifespan 20 years
• 60- model 40mm rounds: $6.00 @ -Lifespan 3 years
149
Shoulder mounted firearms:
• 17- Benelli M1 Super Black Super 90 patrol shotguns
Cost: $900.00 @
• 10 Benelli M2 patrol shotguns
Cost: 950.00 @
• 5- Bushmaster AR-15 Patrol Rifles
Cost: $600.00@
• 15- Colt AR-15 Patrol Rifles
Cost: $900.00 @
• 6- Colt M-16 Rifles from 10-33 Program
Cost: $0.00, Value $1000.00 @
• 4- Colt M4 SWAT Rifles from 10-33 Program
Cost: $1500.00 @
• 13 Remington model 870 Less lethal shotguns
Cost: $600.00 @
• 15 H&K MP-5 SMG 9MM SWAT RIFLES
$2200.00 @
• Mossberg A590 Less lethal shotguns
Cost: $600.00 @
• 7- M14 Riles from 10-33 Program
Cost: $0.00, Value $1600.00 @
• 1- Remington 700 Sniper rifles in .223 w/optics
Cost: $1900.00
• 1- Remington 870 Sniper rifles in .308 w/optic
Cost: $1900.00
• Lifespan on Shoulder Mounted Firearms is dependent on rounds fired and maintenance.

PepperBall launchers (Lifespan 20 year) (PepperBall Rounds lifespan-3 years) • 8- PepperBall model FTC launchers w/ bags
• Cost: 600.00 @
• 1875 “Live” PepperBall rounds
• Cost: .66@= $1237.50
• 1875 “Live X” PepperBall rounds
• Cost: .66@ = $1845.00
All Weapon Systems Training is done per California POST standards and by Certified Instructors.
150

DUTY AMMUNITION

1. Winchester Ranger, 9mm Luger +P, model RA9SF, 100 Gr. Frangible SF.

Quantity: 500Cost: $21.00 per 50 = $210.00

2. Winchester Ranger, 9mm Luger, Model RA9T, 147 Gr. T-Series duty ammunition Quantity: 7000 Cost: $342.00 per thousand = $2394.00

3. Winchester Super-X, 10MM, model XM10MM MSTHP, 175 Gr. SILVERTIP duty ammo.

Quantity: 80 Cost: .82 cents per round = $65.60

4. Winchester Ranger, .40 Smith & Wesson, model RA40T, 180 Gr. T series ammunition
Quantity: 3500 Cost: $290.00 per thousand = $1015.00

5. Winchester Ranger: .357 SIG, model RA357SIGT, 125 Gr. SXT duty ammo Quantity: 2500 Cost: $690.00 per thousand = $1725.00

6. Winchester Ranger, 45 Automatic +P, model RA45TP, 230 Gr. T-Series Duty ammunition
Quantity: 2500 Cost: $342.00 per thousand = $855.00

7. Winchester Ranger, .556 , model RA223R, 55 Gr. Pointed soft point duty ammunition
Quantity: 7700 Cost: $310.00 per thousand = $2387.00

8. Winchester Ranger, 5.56MM, model RA556JF, 45 Gr. Jacketed Frangible nontoxic Quantity: 200 Cost: .74 each = $148.00

9. Winchester Super-X, 12-gauge rifled slugs, model X12RS15, 2 gauge, 2 3/4 inch 1 oz. slugs
Quantity: 970Cost: .82 each = $2298.00

10.Winchester Super-X, model XB1200, 12-gauge Buckshot loads, 12 gauge 2 ¾ inch 00 Buckshot (9 pellets).

Quantity: 2370 Cost: .98 each = 2298.00

PRACTICE AMMUNTION

1. Winchester Super-X: .38 Special, Model 381S1P duty ammo, 158 grain Round nose practice ammo
Quantity: 500 Cost: $220.00 PER 500

2. Winchester- 9MM, model USA 9mmUP, 115 Gr. FMJ
Quantity: 8000 Cost: $240.00 per thousand = $1920.00

3. Federal 9mm, model AE9DP, 115 Gr FMJ
Quantity: 6000 Cost: $360.00 per thousand = $2160.00

4. Winchester .40 S&W, model Q4238, 180 Gr. FMJ
151
Quantity: 7350 Cost: $407.00 per thousand = $2991.00

5. Winchester 45 Automatic, Model Q4170. 230 Gr. FMJ
Quantity: 7250 Cost: $214.00 per thousand = $3101.00

6. Federal 5.56 mm, Model XM196BK, 5.56 x 45, 55 Gr. MCBT (ball ammunition).

Quantity: 2000 Cost: $219.00 per thousand = $438.00

7. Winchester 5.56mm, model USA3162W, 62 Gr. 5.56mm open tip (green tip ammunition).

Quantity: 14,400 Cost: $500.00 per thousand = $7200.00

8. Remington .223, model L223R3, 55 Gr. FMJ
Quantity: 2400 Cost: $340.00 per thousand = $816.00

9. Winchester .223, model USA223RK1, 55 Gr. FMJ
Quantity: 5000 Cost: $464.00 per thousand = $2320.00

10.Winchester 7.62 x 51, 147 Gr. 7.62 x 51 FMJ
Quantity: 1360 Cost: $130.00 per 500 = $354.00
152

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Patrick Safari, Capital Improvement Projects Manager Art Vela, Acting City Manager
MEETING DATE: August 26, 2025
SUBJECT: Authorize the Acting City Manager to sign the Notice of Completion for Project No. 2023-15W “Ramsey Street Water Main Replacement-Phase 1” as complete and direct the City Clerk to record the Notice of Completion.

RECOMMENDATION:

Authorize execution of the Notice of Completion.

BACKGROUND:

On October 22, 2024 City Council adopted Resolution 2024-166, awarding a Construction Agreement to MCC Pipeline, Inc. for Project No. 2023-15W “Ramsey Street Water Main Replacement”. The project was approved in the amount of $1,319,016.96 including 10% contingency.

The principal items of work included the construction of 2,600 linear feet of a new 16-inch Ductile Iron Pipe (DIP) water main including reconnection of water services and new fire hydrant connections.

One project change order was processed in the amount of $116,686.54 for extra work which included unknown site conditions such as utility crossings, concrete treated road excavation, extra fire hydrant, additional paving and striping, concrete work and fire line connections.

JUSTIFICATION:

The lowest qualified bidder, MCC Pipeline, Inc. was awarded the contract and work was completed on May 21, 2025. Public Works staff verified through inspections that the workmanship, materials, and procedures were satisfactory, and that the contract had met the required contract obligations.

FISCAL IMPACT:

The project was awarded in the amount of $1,199,106.33 with a 10% contingency for a total budget of $1,319,016.96. The final contract amount was $1,315,762.87.

ALTERNATIVES:

The City Council may not accept the project as complete, which would keep the project open and prevent the release of retention funds to the contractor.

BUDGETED?:

Yes
CONTRACT/AGREEMENT:

Yes
153
ATTACHMENTS:

1. CC Resolution No. 2024-166.pdf

2. NOC Ramsey Water Replacement.docx

3. Project Pictures.pdf
154
RESOLUTION 2024- 166

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BANNING, CALIFORNIA, AWARDING A CONSTRUCTION CONTRACT FOR PROJECT NO. 2023- 15W RAMSEY STREET WATER MAIN REPLACEMENT - PHASE 1 TO MCC PIPELINE, INC. OF YUCAIPA, CA IN THE AMOUNT OF $ 1,199, 106. 33 AND APPROVING A 10% CONTINGENCY FOR A TOTAL PROJECT BUDGET OF " NOT- TO- EXCEED" $ 1,319, 016. 96 WHEREAS, the City of Banning owns, operates, and maintains water distribution and transmission pipelines that distribute water to residents and businesses. To provide its customers with a reliable supply of water, it is important for the city to continue replacing aging and undersized water distribution infrastructure; and
WHEREAS, the 2018 City of Banning Integrated Master Plan { IMP) identified the existing 4-inch water main on the south side of Ramsey Street as deficient due to its age and conveyance capacity to support commercial development on the south side of Ramsey Street from Sunset Ave to Highland Home Road; and
WHEREAS, on April 12, 2022, City Council approved Resolution 2022- 35 authorizing the use of American Rescue Plan Act ( ARPA) funds on certain eligible projects including making the necessary investments in water infrastructure. The approved ARPA project list included the replacement of the water main along Ramsey Street from Sunset Avenue to Highland Home Road; and
WHEREAS, on November 11, 2023, City Council approved Resolution 2023- 182, awarding a Professional Services Agreement to Rick Engineering, Inc. for the design of Ramsey Street Water Main Replacement project; and
WHEREAS, on August 23, 2024, staff released an Invitation for Bids ( IFB No. 24- 079) for Project No. 2023- 15W Ramsey Street Water Main Replacement on the City' s electronic bidding system ProcureNow and received five ( 5) bid proposals ranging in price from $ 1,199, 106. 33 to 2,263, 930; and
WHEREAS, Phase 1 scope of work will include the construction of 2,600 linear feet of a new 16-inch Ductile Iron Pipe ( DIP) water main including reconnection of water services and new fire hydrants connections; and
WHEREAS, Ramsey Street Water Main Replacement - Phase 1" will improve water distribution in this part of the City of Banning where the existing 4-inch line has been identified as a deficient system component due to its age ( installed approx. 1952) and diminishing integrity; and
WHEREAS, Staff recommend awarding a Construction Contract to MCC Pipeline, Inc. in the amount of $1,199, 106. 33 and approving a 10% contingency in the amount of $ 119, 910. 63 for a total " not- to-exceed" project budget of $ 1,319, 016. 96; and WHEREAS, an appropriation from the Water Capital Facilities Fund 661 balance to Account No. 661- 6300- 471. 95- 10 in the amount of $ 1,199, 106. 33 is necessary to fund the Construction Contract with MCC Pipeline, Inc.; and
Resolution 2024- 166

Page 1 of 4 ends

155
WHEREAS, the Construction Contract with MCC Pipel ine , Inc. will be partially funded by ARPA funding in the amount of $ 900 ,000 administered by the County of Riverside .

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Banning as follows :

SECTION 1. The City Council approves the Construction Contract between MCC Pipeline , Inc. and the City of Banning.

SECTION 2 . The City Council authorizes the City Manager, or designee , to make necessary budget adjustments , appropriat ions , and transfers related to the Construction Contract with MCC Pipeline, Inc.

SECTION 3. The City Council authorizes the City Manager to make necessary non- substantive changes and to execute the Construction Cont ract with MCC Pipeline , Inc.

SECTION 4. The City Clerk shall certify to the adoption of this resolut ion and shall cause a certified resolution to be filed in the book of original resolutions .

PASSED, APPROVED AND ADOPTED this 22nd day of October 2024 .

ATTEST:

Carol ine Patton , Admi
City of Banning
Serita R. Young , City Attorney
Richards, Watson & Gershon
Resolution 2024- 166

Page 2 of 4 ends

Alberto S
City of
156
CERTIFICATION:

I, Caroline Patton , Administrative City Clerk of the City of Banning , California , do hereby certify that the foregoing Resolution 2024- 166 , was duly adopted by the City Council of the City of Banning , California , at a regular meeting thereof held on the 22nd day of October 2024 by the following vote , to wit:

AYES : Flynn, Happe , Sanchez , and Wallace.

NOES :

ABSENT: Minjares.

ABSTAIN :

Resolution 2024- 166

Page 3 of 4 ends

e City Cler k
City of Banning , Californ ia'
157
Resolution 2024- 166
Page4of4

EXHIBIT A
Construction Contract with MCC Pipeline, Inc.
158
CONTRACT ( C01084)

CITY OF BANNING CONTRACT FOR
RAMSEY STREET WATER MAIN REPLACEMENT & IFB 24-079
THIS CONTRACT (" Contract") is made and entered this ________ (" Effective Date"), by and between the CITY OF BANNING, a California municipal corporation (" City") and MCC Pipeline, Inc.

Contractor"). Contractor' s California State Contractor' s license number is 993248; Class A, C34).

Contractor' s DIR registration number is 1000012208.

In consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows:

1. Contract Documents. The Contract Documents consist of this Contract, the Notice Inviting Bids, Instructions to Bidders, Bid ( including documentation accompanying the Bid and any post- Bid documentation submitted before the Notice of Award), the Bonds, permits from regulatory agencies with jurisdiction, General Provisions, Special Provisions, Plans, Standard Plans, Standard Specifications, Reference Specifications, Addenda, Change Orders, and Supplemental Agreements. The Contract Documents are attached hereto and incorporated herein by reference.

2. Scope of Services. Contractor shall perform the Work in a good and workmanlike manner for the project identified as Ramsey Street Water Main Replacement (" Project"), as described in this Contract and in the Contract Documents.

3. Compensation. In consideration of the services rendered hereunder, City shall pay Contractor a not to exceed amount of One Million One Hundred Ninety- Nine Thousand One Hundred Six Dollars and Thirty- Three Cents ($ 1,199, 106. 33) in accordance with the prices as submitted in the Bid.

4. Incorporation by Reference. All of the following documents are attached hereto and incorporated herein by this reference: Workers' Compensation Certificate of Insurance, Additional Insured Endorsement Comprehensive General Liability), Additional Insured Endorsement ( Automobile Liability), and Additional Insured Endorsement ( Excess Liability).

5. Antitrust Claims. In entering into this Contract, Contractor offers and agrees to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U .S.C. Sec. § 15) or under the Cartwright Act (Business and Professions Code Section 16700 et seq.) arising from purchases of goods, services, or materials pursuant to the Contract. This assignment shall be made and become effective at the time City tenders final payment to Contractor without further acknowledgment by the parties.

6. Prevailing Wages. City and Contractor acknowledge that the Project is a public work to which prevailing wages apply.

7. Workers' Compensation. Labor Code Sections 1860 and 3700 provide that every contractor will be required to secure the payment of compensation to its employees. In accordance with the provisions of Labor Code Section 1861, by signing this Contract, the Contractor certifies as follows:

I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self- insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of the Work of this Contract."
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8. Titles. The titles used in this Contract are for convenience only and shall in no way define, limit or describe the scope or intent ofthis Contract or any part of it.

9. Authority. Any person executing this Contract on behalf ofContractor warrants and represents that he or she has the authority to execute this Contract on behalf of Contractor and has the authority to bind Contractor to the performance of its obligations hereunder.

10. Debarment or Suspension.

Contractor represents and warrants that, as ofthe Effective Date ofthis Agreement, Contractor is not debarred or suspended pursuant to any applicable Federal or State law providing for the debarment ofcontractors. Contractor shall not perform the Services with any subcontractor that has been debarred or suspended pursuant to any applicable Federal or State law providing for the debarment. Contractor and its subcontractors shall not be debarred or suspended throughout the Term of this Agreement pursuant to any applicable Federal or State law providing for the debarment of contractors. If Contractor or any subcontractor becomes debarred or suspended during the Term ofthis Agreement, Contractor shall immediately notify City.

11. Entire Agreement. This Contract, including the Contract Documents and any other documents incorporated herein by specific reference, represents the entire and integrated agreement between City and Contractor. This Contract supersedes all prior oral or written negotiations, representations or agreements.

This Contract may not be modified or amended, nor any provision or breach waived, except in a writing signed by both parties that expressly refers to this Contract.

12. Counterparts. This Contract may be executed in counterpart originals, duplicate originals, or both, each of which is deemed to be an original for all purposes.

IN WITNESS WHEREOF, the parties hereto have executed the Contract the day and year first above written.

City Council Approval: _____ _
ATTEST:

By:-------------
Administrative City Clerk Date
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11303-0011 \2250932v l .doc

CITY OF BANNING
By:-------------
City Manager Date
APPROVED AS TO FORM:

By:-------------
City Attorney Date
CONTRACTOR")
By:-------------
Richards, Watson & Gershon - 2018
160
Name: Date
Title:

By:

Name: Date
Title:

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1 Recording Requested by:
2 Office of the City Clerk
3 City of Banning
4 P.O. Box 998
5 Banning, California 92220
6 7 Exempt from Recording Fees Pursuant to Government Code §6103 8 9 NOTICE OF COMPLETION
10 PROJECT NO. 2023-015W, “RAMSEY STREET WATER MAIN REPLACEMENT11 PHASE 1” 12 13
14 THIS NOTICE OF COMPLETION IS HEREBY GIVEN by the OWNER, the City 15 of Banning, a municipal corporation, pursuant to the provisions of Section 9204 of the Civil 16 Code of the State of California, and is hereby accepted by the City of Banning, pursuant to 17 authority conferred by the City Council this August 26, 2025, and the grantees consent to 18 recordation thereof by its duly authorized agent.
19 20 That the OWNER, the City of Banning, and MCC Pipeline, Inc. of Yucaipa, California, 21 the vendee, entered into an agreement dated October 22, 2024, for Project No. 2025-013W, 22 “Ramsey Street Water Main Replacement-Phase 1”.
23 24 The principal items of work include the construction of 2,600 linear feet of new 16-inch 25 Ductile Iron Pipe (DIP) water main including reconnection of water services and new fire 26 hydrants per the City of Banning Standard Specifications. 27 28 That the work of improvement was completed on May 21, 2025, for Project No. 2023- 29 015W “Ramsey Street Water Main Replacement-Phase 1”:
30 (1) The Nature of Interest was civil improvements completed on May 21, 2025, 31 for Project No. 2023-015W, “Ramsey Street Water Main Replacement-Phase 1”. 32 (2) That the City of Banning, a municipal corporation, whose address is 33 Banning City Hall, 99 E. Ramsey Street, Banning, California 92220, is completing work 34 of improvement.
162

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1 (3) That said work of improvement was performed on Ramsey Street between 2 Sunset Avenue and Omar Street in Banning, California 92220. 3 (4) That the original contractor for said improvement was MCC Pipeline, Inc. 4 of Yucaipa, California, State Contractor’s License No. 993248. 5 (5) That Performance and Payment bonds were required for this project. 6 (6) The nature of interest is in fee.
7 Dated: October 26, 2025
8 CITY OF BANNING
9 A Municipal Corporation
10 11
12 13 By
14 Art Vela
15 Acting City Manager
16 17 ATTEST:
18 19
20 21 Sandra Calderon
22 Acting Administrative City Clerk
23 24 APPROVED AS TO FORM:
25 26
27 John Pinkney
28 City Attorney
29 Slovak, Baron, Empey, Murphy & Pinkney LLP
30 31
32 163

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1 JURAT
2 A notary public or other officer completing this certificate verifies only the identity 3 of the individual who signed the document to which this certificate is attached, 4 and not the truthfulness, accuracy, or validity of that document. 5 6
7 State of California
8 County of Riverside
9 10 Subscribed and sworn to (or affirmed) before me on this ___day of ___________, 2025 11 by ________________________________, who proved to me on this basis of satisfactory 12 evidence to be the person(s) who appeared before me. 13 14
15 16 (S e a l)
17 ______________________________
18 Notary Public in and for said County
19 and State
20 21 STATE OF CALIFORNIA
22 COUNTY OF RIVERSIDE
23 24 SANDRA CALDERON, being duly sworn, deposes and says:
25 26 That I am the Acting Administrative City Clerk of the City of Banning, which City 27 caused the work to be performed on the real property hereinabove described, and is 28 authorized to execute this Notice of Completion on behalf of said City; that I have read the 29 foregoing Notice and know the contents thereof, and that the facts stated therein are true 30 based upon information available to the City of Banning, and that I make this verification 31 on behalf of said City of Banning. I declare under perjury that the forgoing is true and 32 correct.
33 Executed on ___________________, 2025 at Banning, California. 34 35
36 Sandra Calderon
37 Acting Administrative City Clerk
38 City of Banning
39 }
164

PROJECT PICTURES
165
166
167

CITY OF BANNING

Receive and file.

BACKGROUND:

To keep the City Council and the public informed of the progress and status of various capital improvement projects, staff has prepared the attached Public Works CIP Tracking List, which will be updated and presented on a monthly basis.

The tracking list includes planning, environmental, design, and construction contracts previously approved by the City Council and/or the City Manager’s Office and currently managed by the Public Works Department.

JUSTIFICATION:

This recurring item is provided to keep the City Council and public apprised of the progress on certain projects.

FISCAL IMPACT:

Not applicable.

ALTERNATIVES:

Not applicable
BUDGETED?:

No
CONTRACT/AGREEMENT:

No
ATTACHMENTS:

1. CIP Tracking July 2025.pdf
168
Category Project # Project Name Phase % Completed Tasks Completed Current Tasks Future Tasks Tentative Completion Date Project Budget Streets 2023-17 Hargrave Grade Separation PA&ED 3% Contract execution; project kickoff, grant reporting.

Agreements with Caltrans and UPRR;
Basis of Design document sent to all
stakeholders for approval.

Caltrans DEER exception.

Environmental work.
12/30/27 $ 8,300,000
Streets - Highland Springs Avenue
Interchange
PA&ED 35% Highway Safety Manual segmentation existing
condition; aerial topo mapping; traffic volume
report; Environmental Purpose/Need Statement;
Air/Noise memos; VMT Methodology Memo; DDI
Exclusion Memo; ROW Data Sheets;
Geometric development; utility agency data
collection; Traffic Operations Analysis
Report; Enviro. Technical Reports; HSM
Analysis Memo; Geotech Reports; Prelim
Drainage Reports;
Design Standard Risk Assessment;
Value Analysis Report; Geometric
Approval Document; R/W Data Sheets;
Transp. Management Plan
12/31/26 $ 2,900,000
Streets 2020-04 Sun Lakes Blvd Extension CEQA, PS&E 95% Obtained environmental permits, complted PSE package.

Minor plan revisions for Kinder Morgan
utility relocations. Preparation of Bid
Documents. Preconstruction MMRP
compliance tasks
Solicit construction and monitoring bids 12/1/26 $ 1,248,026 Streets - Traffic Signalization of 8th
Street/I-10 Interchange
Design/Permits 90% Design well underway. Submittal of
encroachment permit application to Caltrans.

Caltrans approval on TOAR and concepts.

Design drawings have been resubmitted to
Caltrans and awaiting a response.

Negotiations with private owners for ROW
acquisition.

Resubmitted to Caltrans if needed.

Caltrans encroachment permit
issuance. Property acquisition (private
party task)
6/1/26 $ 1,081,000
Streets 2022-05 HSIP Cycle 10 Omar/Ramsey
Intersection Improvements
Construction 40% Project Approved for Funding by the State.

Proposal solicitation. Contract award.

Under construciton Post Construction activities 9/30/25 $ 59,698 Streets 2023-04 HSIP Cycle 10 Ramsey Street
Pedestrian Safety Improvements
Construction 0% Project Approved for Funding by the State.

Project Awarded.

Project is re-bidding Award Contract 7/30/25 $ 64,780
Streets 2023-09 HSIP Upgrade 17 Traffic Signals
Hardware
PS&E 85% Project approved for funding by Caltrans STC Traffic Working on 90% Plans Submittal and Caltrans Approval
100% Plans Submittal and Approval 12/1/25 $ 433,900
Streets 2023-10 HSIP Pedestrian Crossings
Upgrades at 19 Intersection
PS&E 5% Project approved for funding by Caltrans Evaluating bids Award Contract 12/1/25 $ 585,000 Streets 2023-11 HSIP Wilson St & 12 St
Intersection Upgrade
PS&E 2% Project approved for funding by Caltrans RFP sent to Purchasing for advertizing Send to purchasing for advertising 12/1/25 $ 277,000 Streets 2023-05 San Gorgonio/UPRR Pedestrian
Crossing
Design 95% Amendment 2 CC Approval. 65% Plans
complete
Final Plans approved by UPRR, CUPC and
Caltrans. GO 88-B approved
Approve C&M Agreement. Prepare Bid
Documents
12/1/25 $ 230,000
Facility 2021-06 CNG Station Design-Build 50% Grading, wall footing, equipment pads and some underground piping. Underground utility
installation; coordination with Gas Co., concrete
pads, block wall, time fill posts.

Gas company service work, finalizing
concrete work, installation of equipment.

Installation of electrical equipment, gas
meter set, generator installation,
compressor installation
11/1/25 $ 4,888,261
Facility City Hall Roof Repairs - Phase 2 Design/Bid 10% Scope identification - Roof/leak repairs on flat roof section over remainder of City Hall
Preparation of RFP Award, Construction 6/30/25 $ 275,000 Facility 2024-02 City Hall HVAC Replacement Construction 0% Idenitfy scope and inclusion in CIP list. Preparation of scope of work Award, Construction 6/1/26 $ 230,000 Facility 2023-16 Opportunity Village Sound Wall Design 95% Project kicked off. 100% Plans approved by City. Waiting on Caltrans approval and Encroachment
Permit. Project Currently ON HOLD.

Final Plans. 12/1/25 $ 103,486
Water 2018-02W2 New Domestic Water Well C8 (Phase 2: Well Equipping and Site Development)
Construction 30% Significant progress has been made to the onsite rough grading and uderground piping installation
including water, electrical, floor and storm drain
have been installed. Pump pedestal has been
poured.

Rebar installation for the footings remains
work-in-progress.

Pour concrete for the footings, slab and
begin vertical construction.
8/30/26 $ 3,774,100
Water 2023-15W Ramsey Street Water Line Construction 99% 16" DIP for the actual mainline alignment has been completed and tested. Services installed.

Construction completed. NOC on CC
Agenda for 8/26
Issue Retention 5/24/25 $ 1,199,106
Water 2022-07W Well M12A (Phase 2: Well
Equipping an Site Development)
Construction 30% Significant progress has been made to the onsite rough grading and uderground piping installation
including water, electrical, floor and storm drain
have been installed. Pump pedestal has been
poured.

Rebar installation for the footings remains
work-in-progress.

Pour concrete for the footings, slab and
begin vertical construction.
9/30/25 $ 2,684,990
Water 20254-08W Banning Canyon Stormwater
Repairs
Construction 75% Significant progress has been made towards grading to re-establish the percolation ponds.

Grading (dredging) of the percolation ponds
is underway.

Complete the grading/restoration of the
percolation ponds.
10/31/25 $ 563,310

PUBLIC WORKS CAPITAL IMPROVEMENT PROJECTS (CIP) TRACKING SHEET 169
Wastewater 2022-
01WW
Wastewater Treatment Plant and
Recycled Water Improvements
Phase 1
(Design)
30% Significant progress has been towards
establishing the "basis of the design" for the new
WWTP upgrades project.

Technical design workshops are being held
roughly every 3-weeks to compelete the
basis of the design and issue "basis of
design report" (BODR). Complete the
solids handling and dewatering of the solids
(sludge).

Issue BODR and complete the
procurement of long lead items e.g., RO
system, UV system, fine screens, MBR
system etc.
4/30/26 $ 4,398,490
Wastewater 2020-
08WW
WWTP Equalization Basin Design/CEQA 95% Completed 90% drawings review. Development of 100% drawings; ~$1.25M EPA Community Grant has been issued.

Finalize 100% drawings; Approval to
proceed with grant expenditures;
Invitation for Bids.
8/1/25 $ 362,866
Recycled
Water
2024-1RW Charles Street and Lincoln Street
Booster Station and Reservoirs
Construction 25% Project was awarded, a NTP was issued
followed by pre-con meeting and submittal
reviews.

Charles St - Reservoir Tank is being
welded. Lincoln St - Pump Cans have been
installed including reservoir foundation ring
Underground piping followed and
building improvements.
2/1/26 $ 10,160,200
Recycled
Water
2023-
06RW
Lions Park Non-Potable Water
Conversion
Design 100% Project Awarded. Kick Off Meeting. Surveying and utility research
Bids received and being reviewed by
Purchasing
Award project 12/1/25 $ 98,500
Electric Sun Lakes Blvd Extension PS&E 95% Full redesign completed. Reviewing potential conflicts with Kinder Morgan line relocation.

Development of 100% drawings and
prepare bid package to include with larger
Public Works project.

Prepare bid documents, construction
cost estimate and invitation for bid.
12/1/26 $ 75,700
Electric Robertson's Ready Mix Pole
Relocation
Construction 0% Line Extension Agreement approved by City Council. Additional comments provided by
Robertson's Ready Mix
Update agreement and resubmit for City
Council approval
Collect deposits from Robertson's
Ready Mix and order materials for
construction and schedule installation
3/30/26 $ 425,000
Electric 12kV Reconductor on Barbour St
at Hathaway
PS&E 90% Design has been completed for the project Plan in review with management Project included in budget cycle for 2025/26; Order materials for
construction and schedule installation
12/30/25 $ 100,000
170

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: Kristine Gutierrez, Community Development Operations Manager Vincent Avila, Chief of Police
MEETING DATE: August 26, 2025
SUBJECT: Receive and File Code Enforcement Statistics for the Month of June & July 2025
RECOMMENDATION:

Receive and file.

BACKGROUND:

The City’s Code Enforcement Division (“Code”) is responsible for enforcement of the Banning Municipal Code and state and federal laws, as applicable. Typical code enforcement duties and responsibilities include pursuing the abatement of unsafe buildings, unpermitted land use, business without a license, construction without permit, and unregistered food vendors. Additionally, Code is responsible for compliance with weed abatement, which involves patrol, investigation, noticing, enforcement, and remediation of vacant lots.

Code is currently overseeing 408 (June) & 356 (July) open cases, including 94 cases opened during the month of June & 140 cases opened during the month of July 2025. Below is a summary of cases during the month of June & July 2025.

Jun-25 Month YTD
New Cases Opened 94 254
Total Cases Open (includes previous years) 408 N/A
Notice of Violations issued 210 701
Violations Resolved 150 703
Citations Issued 0 37
Field Inspections completed 206 683
Fee's Collected (Citations) $295.00 $2,241.67
Red Tagged Properties 0 15
Abandoned Vehicles Abated (AVA Program) 0 0
Weed Abatement Cost Recovery Received
$
-
$
90,935.03
72 Hour Parking Notice of Violation (CVC 22651 (K)) 27 30 Unhoused Encampments (Tagged- Notice to Vacate)
PC 602
6 14
171
Jul-25 Month YTD
New Cases Opened 140 394
Total Cases Open (includes previous years) 356 N/A
Notice of Violations issued 476 1177
Violations Resolved 300 1003
Citations Issued 12 49
Field Inspections completed 432 1115
Fee's Collected (Citations) $ 20.00
$
2,261.67
Red Tagged Properties 1 16
Abandoned Vehicles Abated (AVA Program) 0 0
Weed Abatement Cost Recovery Received
$
-
$
90,935.03
72 Hour Parking Notice of Violation (CVC 22651 (K)) 63 93 Unhoused Encampments (Tagged- Notice to Vacate)
PC 602
23 37
JUSTIFICATION:

Monthly activity reports are provided for informational purposes.

FISCAL IMPACT:

Not applicable.

ALTERNATIVES:

Direct staff to provide additional information on the case data.

BUDGETED?:

Yes
CONTRACT/AGREEMENT:

No
172

CITY OF BANNING

STAFF REPORT
TO: CITY COUNCIL
FROM: Arturo Vela, Acting City Manager
PREPARED BY: David Newell, Community Development Director MEETING DATE: August 26, 2025
SUBJECT: Consideration of Second Reading and Adoption of Ordinance 1611, Approving a Development Agreement By and Between the City of Banning and JDNJ Enterprises, LLC, a Missouri Limited Liability Corporation
RECOMMENDATION:

Waive the second reading of text in its entirety and adopt Ordinance 1611.

BACKGROUND:

At its regular meeting of July 8, 2025, the City Council held a public hearing and considered three applications (Case DR21-7017, TPM 38756 and a Development Agreement) for the Banning Commerce Center Project, which is a proposed industrial warehouse development of 1,320,284 square feet on 131.28-acre site located north of the I-10 freeway/E. Ramsey Street, east of N. Hathaway Street and bisected by Wilson Street. After closing the public hearing and deliberating, the Council voted 5-0 to approve the Project as follows:

1. Adopt Resolution 2025-107. This resolution certified Banning Commerce Center Project's EIR, adopted statements of overriding considerations and established the Mitigation Monitoring and Reporting Program.

2. Adopt Resolution 2025-106. This resolution approved the Design Review and Tentative Parcel Map applications for the Banning Commerce Center Project.

3. Introduce and conduct first reading of, by title only, Ordinance 1611. An Ordinance of the City Council of the City of Banning, California, Approving a Development Agreement by and between the City of Banning and JDNJ Enterprises, LLC, a Missouri Limited Liability Corporation.

Since the Council's meeting on July 8, 2025, staff has finalized the Development Agreement for execution, including the addition of (1) missing dates and references; (2) text to Section 17.C. to toll agreement and approvals in the event there is a third party challenge; (2) names for each party under signature lines; and (3) the current development impact fees applicable to the project in Exhibit B.

This report provides for the City Council to waive further reading and adopt Ordinance 1611 for approving the Development Agreement. The ordinance shall be effective 30-days from adoption.

JUSTIFICATION:

In order to approve the Development Agreement application, the City Council is required to make findings pursuant to BZO Section 17.60.030(C) (Development Agreement). The Planning Commission recommended approval of these applications pursuant to the findings in Planning Commission Resolution 2025-04. The Council conducted a hearing on July 8, 2025 and adopted the required findings 173
included in the draft ordinance attached to this report.

Environmental Determination:

Second reading of Ordinance 1611 remains consistent with the Council's action to certify the EIR under Resolution 2025-107.

FISCAL IMPACT:

As described in the July 8, 2025 City Council Staff Report, fiscal impacts of the project will be offset by fees and improvement costs paid by the developer, including permit applications, impact fees, and roadway and other public improvements. In addition, the City will directly benefit financially by the following negotiated items, which are beyond the typical fees paid by a development application if the development agreement is approved:

1. $9,000,000 in payments to the City for funding transportation-related costs toward roadways/interchanges

2. $357,000 payment for per megavolt-amperes (MVA), based on the requested electrical load

3. $0.10 per sq. ft. annually (with annual CPI escalator) as part of a community facilities district to pay for on-going maintenance costs of public streets, public facilities and parks, and other related improvements and maintenance in the District; this would amount to over $132,000 in annual revenue to offset maintenance costs and other city services as specified in the CFD once established.

A fiscal impact analysis report prepared by the Developer's consultant anticipates this project would result in a net increase of recurring revenues amounting to $505,215 annually. The report cites total recurring revenues of $869,954 annually and total recurring expenditures of $364,739 annually, which results in the net increase of $505,215 to the City's annual revenues. The CFD would augment the annual revenue generated by the Project and provide an additional $132,000 annually toward maintenance and services within the boundary of the CFD once established, which further reduces impacts to the City's finances.

ALTERNATIVES:

Provide alternative direction to staff.

BUDGETED?:

No
CONTRACT/AGREEMENT:

Yes
ATTACHMENTS:

1. Ordinance 1611

2. Development Agreement - Banning Commerce Center - Redline CC 8-26-25.docx

3. Development Agreement - Banning Commerce Center - Clean-Copy CC 8-26-25.docx 174
Ordinance 1611

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Banning City CouncilAugust 26, 2025

Banning City Council
August 26, 2025