Agenda packet — Beaumont City Council, August 16, 2022 (part 1 of 2)

CITY COUNCIL CLOSED & REGULAR SESSION
550 E. Sixth Street, Beaumont, CA
Tuesday, August 16, 2022
Closed Session: 5:00 PM | Regular Meeting: 6:00 PM
Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packets are available for public inspection in the City Clerk’s office at 550 E. 6th Street during normal business hours.

AGENDA

MEETING PARTICIPATION NOTICE
This meeting will be conducted utilizing teleconference communications and will be recorded for live streaming as well as open to public attendance subject to social distancing and applicable health orders. All City of Beaumont public meetings will be available via live streaming and made available on the City's official YouTube webpage. Please use the following link during the meeting for live stream access.
beaumontca.gov/livestream
Public comments will be accepted using the following options.

1. Written comments will be accepted via email and will be read aloud during the corresponding item of the meeting. Public comments shall not exceed three (3) minutes unless otherwise authorized by City Council. Comments can be submitted anytime prior to the meeting as well as during the meeting up until the end of the corresponding item. Please submit your comments to: [email protected]

2. Phone-in comments will be accepted by joining a conference line prior to the corresponding item of the meeting. Public comments shall not exceed three (3) minutes unless otherwise authorized by City Council. Please use the following phone number to join the call (951) 922 - 4845.

3. In person comments subject to the adherence of the applicable health orders and social distancing requirements.

In compliance with the American Disabilities Act, if you require special assistance to participate in this meeting, please contact the City Clerk's office using the above email or call (951) 572 - 3196.

Notification 48 hours prior to a meeting will ensure the best reasonable accommodation arrangements.
1 CLOSED SESSION - 5:00 PM
A Closed Session of the City Council / Beaumont Financing Authority / Beaumont Utility Authority / Beaumont Successor Agency (formerly RDA)/Beaumont Parking Authority / Beaumont Public Improvement Authority may be held in accordance with state law which may include, but is not limited to, the following types of items: personnel matters, labor negotiations, security matters, providing instructions to real property negotiators and conference with legal counsel regarding pending litigation. Any public comment on Closed Session items will be taken prior to the Closed Session. Any required announcements or discussion of Closed Session items or actions following the Closed Session with be made in the City Council Chambers.

CALL TO ORDER
Mayor White, Mayor Pro Tem Martinez, Council Member Fenn, Council Member Santos, Council Member Lara
Public Comments Regarding Closed Session

1. Conference with Legal Counsel Regarding Existing Litigation Pursuant to Government Code Section 54956.9(d)(1). One case: Western Riverside Council of Governments v.

National Union Fire Insurance Association of Pittsburg (Case Number EDCV 20 -2164- GW-KKx)
Adjourn to Regular Session
REGULAR SESSION - 6:00 PM

CALL TO ORDER
Mayor White, Mayor Pro Tem Martinez, Council Member Fenn, Council Member Santos, Council Member Lara
Report out from Closed Session
Action on any Closed Session Items
Action of any Requests for Excused Absence
Pledge of Allegiance
Invocation
Adjustments to the Agenda
Conflict of Interest Disclosure

ANNOUNCEMENTS/ RECOGNITION / PROCLAMATIONS / CORRESPONDENCE

PUBLIC COMMENT PERIOD (ITEMS NOT ON THE AGENDA)
Any one person may address the City Council on any matter not on this agenda. If you wish to speak, please fill out a “Public Comment Form” provided at the back table and give it to the City Clerk. There is a three (3) minute time limit on public comments. There will be no sharing or passing of time to another person. State Law prohibits the City Council from discussing or taking actions brought up by your comments.

CONSENT CALENDAR
Items on the consent calendar are taken as one action item unless an item is pulled for further discussion here or at the end of action items. Approval of all Ordinances and Resolutions to be read by title only. 2 1. Approval of Minutes
Recommended Action:

Approve Minutes dated August 2, 2022.

2. Ratification of Warrants
Recommended Action:

Ratify Warrants dated:

July 18, 2022
July 22, 2022
August 1, 2022

3. Fiscal Year 2021-22 Fourth Quarter Budget Update and Financial Status Report Recommended Action:

Receive and file report.

4. Fiscal Year 2021-2022 Fourth Quarter Investment Report Recommended Action:

Receive and file report.

5. Lien Release for Tract 27971 PA 14 Off-site Improvements - Park Site and Trail Improvements
Recommended Action:

Approve lien release for Tract 27971 PA 14 off -site improvements - park site and trail Improvements.

6. Consideration of Re-Ratification of Local Emergency and Re-Authorizing the Use of Teleconferencing to Conduct Public Meetings
Recommended Action:

Waive the full reading and adopt by title only, “A Resolution of the City Council of the City of Beaumont Proclaiming a Local Emergency Persists, Re-Ratifying the Proclamation of a State of Emergency by Executive Order N-09-21, and Re- Authorizing Remote Teleconference Meetings of the Legislative Bodies of the City of Beaumont for the Period of August 16, 2022, through September 20, 2022, Pursuant to Provisions of the Ralph M. Brown Act.”

7. Recycled Content Paper and Recovered Organic Waste Product Procurement Requirements/Purchasing Policy
Recommended Action:

Approve changes to the purchasing policy.

PUBLIC HEARINGS
Approval of all Ordinances and Resolutions to be read by title only.

ACTION ITEMS
Approval of all Ordinances and Resolutions to be read by title only. 3 8. Update on Stewart Park Improvement Project – Community Outreach and Survey Results
Recommended Action:

Receive and file the survey results. Make any suggestions or remarks pertaining to the results and future improvement plans of Stewart Park.

9. Ap prove Purchase Order for Coast Recreation, Inc. for the Purchase of a New Playground at Three Rings Ranch Park in an Amount Not to Exceed $140,974.38 Recommended Action:

Approve the Purchase Order for Coast Recreation Inc. in the amount of $140,074.38.

10. Approval to Purchase Four (4) Electric Police Motorcycles Recommended Action:

Approve the purchase of four (4) Zero DSRP Electric Police Motorcycles from Palm Springs Motorsports in the amount of $126,624.56.

Approve the costs of radio and communications equipment installation from 10 -8 Retrofit, Inc., in the amount of $19,745.20.

Approve the purchase and installation of police graphics from Graphix Systems in the amount of $533.96.

Approve the use of $101,000 of AB 2766 funds to apply towards this project.

11. Adopt a Resolution Authorizing the Mayor and the Chief of Police to Sign a Federal Equitable Sharing Agreement that Will Allow the City to Receive Federally Forfeited Assets from Adjudicated Cases, Pursuant to the Federal Equitable Sharing Program Recommended Action:

Waive the full reading and adopt by title only, “A Resolution of the City Council of the City of Beaumont Authorizing the Mayor and the Chief of Police to Execute a Federal Equitable Sharing Agreement.”

12. Receive and File Change Order 24 for the Wastewater Treatment Plant Upgrade/Expansion
Recommended Action:

Receive and file Change Order 24 in the amount of (-$329,839.12).

13. City Council Approval of Change Order No. 25 for the Wastewater Treatment Plant Upgrade/Expansion in the Amount Not to Exceed $185,639.07 for Plant Improvements Recommended Action:

Approve Change Order No. 25 for the Wastewater Treatment Plant Upgrade/Expansion in the amount not to exceed $185,639.07, to be applied to the preapproved contingency funds.

14. Capital Improvement Project: Lift Station Spare Pump Program Purchase Recommended Action:
4 Approve and authorize the purchase of the recommended pumps from Flo - Systems and Xylem with tax and freight in an amount not to exceed $293,900.

15. Capital Improvement Project: Spare Variable Frequency Drive (VFD) Program Purchase Recommended Action:

Approve and authorize the purchase of the recommended VFDs with tax and freight by SKM Engineering in an amount not to exceed $53,000.

16. Completion of Rental Agreement on Vactor and Patch Trucks Recommended Action:

Approve $212,426.98 payment to Alliance Funding Group for payoff of vactor and patch truck.

17. Set Time, Date, and Place for a Special Workshop – Fiscal Year 2022-2023 Budget Amendments, Update on Capital Improvement Projects, and Discussion on the Outfitting and Apparatus Selection of Fire Station No. 106 (Westside Fire Station) Recommended Action:

Establish a time, date, and place for a special workshop.

18. Approval of City Attorney Invoices for the Month of July 2022 Recommended Action:

Approve invoices in the amount of $62,266.50.

LEGISLATIVE UPDATES AND DISCUSSION

ECONOMIC DEVELOPMENT UPDATE
Economic Development Committee Report Out and City Council Direction

CITY TREASURER REPORT
Finance and Audit Committee Report Out and City Council Direction

CITY CLERK REPORT

CITY ATTORNEY REPORT

CITY MANAGER REPORT

19. Legacy Highlands Scoping Meeting

20. City of Beaumont Sales Tax Update 1Q 2022 (January - March)

21. HDL California Forecast

22. Department Projects Schedule Updates

FUTURE AGENDA ITEMS
5 COUNCIL REPORTS
- Lara
- Santos
- Fenn
- Martinez
- White

ADJOURNMENT
The next regular meeting of the Beaumont City Council, Beaumont Financing Authority, the Be aumont Successor Agency (formerly RDA), the Beaumont Utility Authority, the Beaumont Parking Authority and the Beaumont Public Improvement Agency is scheduled for Tuesday, September 6, 2022, at 5:00 p.m., unless otherwise posted.
6 CITY COUNCIL CLOSED & REGULAR SESSION
550 E. Sixth Street, Beaumont, CA
Tuesday, August 02, 2022
Closed Session: 5:00 PM | Regular Meeting: 6:00 PM
Materials related to an item on this agenda submitted to the City Council after distribution of the agenda packets are available for public inspection in the City Clerk’s office at 550 E. 6th Street during normal business hours

MINUTES
CLOSED SESSION - 5:00 PM
CALL TO ORDER at 5:00 p.m.

Present: Mayor White, Mayor Pro Tem Martinez, Council Member Fenn, Council Member Santos, Council Member Lara
Public Comments Regarding Closed Session
None

1. Conference with Real Property Negotiators Pursuant to Government Code Section 54956.8: Property: APNs 418-190-006, 418-190-007; 418-140-028; 418-140-029; and Portions of 418-190-004 and 418-190-005. Agency Negotiator: City Manager Elizabeth Gibbs.

Negotiating Parties are City of Beaumont as Seller and 5th Street Development, LLC as Potential Buyer. Under Negotiation are Price and Terms No reportable action.

2. Conference with Legal Counsel Regarding Existing Litigation Pursuant to Government Code Section 54956.9(d)(1): In the Matter of the Appeal of Membership Determination of James J.

Gregg & City of Beaumont, OAH No. 201807055.1
No reportable action.

3. Public Employee Performance Evaluation pursuant to Government Code Section 54957. Title:

City Manager.

No reportable action.

4. Conference with Legal Counsel – Anticipated Litigation: Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2) and/or(3) Regarding Bid Protest Related to Westside Fire Station Project
No reportable action.
7 Item 1.

Adjourn to Regular Session
REGULAR SESSION - 6:00 PM
CALL TO ORDER at 6:19 p.m.

Present: Mayor White, Mayor Pro Tem Martinez, Council Member Fenn, Council Member Santos, Council Member Lara
Report out from Closed Session: see above
Action on any Closed Session Items: see above.

Action of any Requests for Excused Absence: None
Pledge of Allegiance
Adjustments to the Agenda: Move item 22 after the Consent Calendar.

Conflict of Interest Disclosure: None

ANNOUNCEMENTS/ RECOGNITION / PROCLAMATIONS / CORRESPONDENCE

1. Proclamation - Purple Heart Day

2. Cherry Festival Association Presentation to City Council

PUBLIC COMMENT PERIOD (ITEMS NOT ON THE AGENDA)

None

3. Approval of Minutes
Recommended Action:

Approve Minutes dated July 19, 2022.

4. Ratification of Warrants
Recommended Action:

Ratify Warrants dated:

June 30, 2022
July 11, 2022

5. Accept Security Agreement and Performance and Payment Bonds for (Project / Bond Number / Improvement):

Plot Plan No. 2019-0223 / 674215565 / Streets
8 Item 1.

Recommended Action:

Accept Security Agreement and Performance and Payment Bonds for (Project / Bond number / Improvement):
• Plot Plan No. 2019-0223 / 674215565 / Streets

6. Authorize Staff to Issue a Bond Exoneration Letter for Performance and Payment Bonds, and Accept Maintenance Bonds
Recommended Action:

Authorize City staff to issue a Bond Exoneration Letter for Performance and Payment Bonds and Accept Maintenance Bonds for (Project / Bond Number / Improvement / Maintenance Bond Number):
• Tract Map No. 37426 / 0216988 / Street / 0216988-M
• Tract Map No. 31462-7 / PB00535000069 / Monuments
• Tract Map No. 31462-7/ PB00535000068 / Street, Sewer, & Storm Drain / PB00535000068-M

7. Adopt Resolution of the City Council Ordering the Collection of Weed Abatement Charges and Directing the County Auditor to Collect Such Fees on the Tax Rolls Recommended Action:

Waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Ordering the Collection of Weed Abatement Charges and Directing the County Auditor to Collect Such Fees on the Tax Rolls.”

8. Approve the Second Amendment of the Wastewater Treatment Plant Chemical Supply Contract with HASA, Inc.

Recommended Action:

Approve a second amendment to the Chemical Supply Agreement with HASA, Inc., extending the duration of the contract for one year and agreeing to the adjusted rates as outlined in the amendment.

9. Approve the Second Amendment of the Wastewater Treatment Plant Chemical Supply Contract with NorthStar Chemical
Recommended Action:

Approve a second amendment to the Chemical Supply Agreement with NorthStar Chemical with any non-substantive changes made by the City Attorney consisting of a one-year extension of the existing contract for the supply of the listed chemicals with adjusted quarterly rates as outlined, not to exceed the Producer Price Index by Commodity for chemicals, currently running at 16%.
9 Item 1.

10. Amendment to the Perricone Juices Pretreatment Facilities Agreement with an Extension until December 31, 2023
Recommended Action:

Approve an amendment to the Perricone Juices Pretreatment Facilities Agreement, granting an extension to December 31, 2023, including a $3.24/HCF rate for July 1, 2022 through June 30, 2023, and a $3.41/HCF rate for the period of July 1, 2023 through December 31, 2023.

Motion by Council Member Lara
Second by Council Member Santos
To approve the Consent Calendar
Approved by a unanimous vote.

11. Discussion on a Proposed Land Use Management Policy for Logistics, Warehouse, Distribution and Other Similar Industrial Development
Public Comments:

M. Daniel - (written comment) Commended Council on the development of a policy, and pointed out some concerns.

E. Morgan - (written comment) Pointed out specific concerns within the draft.

T. Johnson - Spoke to concerns on new warehouses within the City B. Blankenship - Concerned with some of the conditions listed within the policy.

S. Mehlman - Asked for additional clarification within the policy.

S. Ramey - Spoke to current traffic concerns within the City.

Discussion and direction to staff to make modifications to the draft policy.

PUBLIC HEARINGS
Approval of all Ordinances and Resolutions to be read by title only.

12. Public Hearing to Consider the Placement of Delinquent Sewer Service Charges on The Property Tax Roll
Public Hearing opened at 7:57 p.m.

C. Peters - Protested the sewer charges for his property and protested the placement of his charges on the tax roll.

Public Hearing closed at 8:01 p.m.

Motion by Council Member Lara
Second by Mayor White
10 Item 1.

To waive the full reading and adopt by title only, “A Resolution of the City Council of the City of Beaumont, California, Authorizing the Collection of Delinquent Sewage Service Fees and Charges on the Property Tax Roll,” with the modification of removing the protested accounts.

Approved by a unanimous vote.

13. Public Hearing to Consider the Placement of Delinquent Solid Waste Handling Service Charges on The Property Tax Roll
Public Hearing opened at 8:09 p.m.

No comments
Public Hearing closed at 8:09 p.m.

Motion by Mayor Pro Tem Martinez
Second by Council Member Fenn
To waive the full reading and adopt by title only, “A Resolution of the City Council of the City of Beaumont, California, Authorizing the Collection of Delinquent Solid Waste Handling Service Charges on the Property Tax Roll.”
Approved by a unanimous vote.

ACTION ITEMS
Approval of all Ordinances and Resolutions to be read by title only.

14. Update from Mayor Pro Tem Martinez on Delivering the Letter Regarding “Failure to Represent the Residents of Beaumont” to the County of Riverside Board of Supervisors Received. No action taken.

15. Authorize Employment Contract with City Manager
Motion by Council Member Lara
Second by Council Member Fenn
To approve the employment agreement with Elizabeth Gibbs and authorize the Mayor to sign the agreement.

Approved by a unanimous vote.

16. Approval of Compensation Plan and Salary Table
Motion by Mayor Pro Tem Martinez
Second by Mayor White
To approve of the Compensation Plan and Salary Table.

Approved by a unanimous vote.

11 Item 1.

17. Annual Resolution Directing the Riverside County Auditor-Controller to Place the Levy of Special Taxes for the City's Community Facilities Districts on the Fiscal Year 2022 -2023 County Tax Roll Motion by Mayor White
Second by Council Member Fenn
To waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Levying the Special Tax in Community Facilities Districts No. 93-1, 2016-1, 2016-2, 2016-3, 2016-4, 2018-1, 2019-1 and 2021-1 and Directing the County Auditor to Collect the Same on the Tax Rolls (93-1, 2016-1, 2016-2, 2016-3, 2016- 4, 2018-1, 2019-1 and 2021-1).”
Approved by a unanimous vote.

Mayor White recused himself on the adoption of this resolution due to his residence being within improvement area 18.

Motion by Council Member Fenn
Second by Council Member Lara
To waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Levying the Special Tax in Community Facilities Districts No. 93-1 (IA 18) and Directing the County Auditor to Collect the Same on the Tax Rolls (IA 18)”
Approved by a 4-0 vote
Recused: White

Council Members Fenn and Santos recused themselves on the adoption of this resolution due to their residences being within improvement areas 14 and 14B.

Motion by Council Member Lara
Second by Mayor White
To waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Levying the Special Tax in Community Facilities Districts No. 93-1 (IA 14 and 14B) and Directing the County Auditor to Collect the Same on the Tax Rolls (IA 14 and 14B).”
Approved by a 3-0 vote
Recused: Fenn, Santos

Mayor Pro Tem Martinez recused himself on the adoption of this resolution due to his residence being within improvement area 9.

Motion by Mayor White
Second by Council Member Santos
To waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Levying the Special Tax in Community Facilities Districts No. 93-1 (IA 9) and Directing the County Auditor to Collect the Same on the Tax Rolls (IA 9).”
12 Item 1.

Approved by a 4-0 vote
Recused: Martinez

Council Member Santos recused himself on the adoption of this resolution due to his residence being within improvement area 17A.

Motion by Council Member Lara
Second by Mayor White
To waive the full reading and adopt by title only “A Resolution of the City Council of the City of Beaumont, California, Levying the Special Tax in Community Facilities Districts No. 93-1 (IA 17A) and Directing the County Auditor to Collect the Same on the Tax Rolls (IA 17A).”
Approved by a 4-0 vote
Recused: Santos

18. Award a Public Works Agreement to Kemcorp Construction Inc. for Construction of Westside Fire Station CIP 2018-028
Motion by Council Member Lara
Second by Mayor White
To waive all minor bid irregulates and award a public works agreement to Kemcorp Construction Inc. for construction of Westside Fire Station CIP 2018-028 in an amount not to exceed $7,475,000; and, authorize the City Manager to sign change orders up to an additional $638,500 for a total construction budget of $8,113,500.

Approved by a unanimous vote.

19. Update on Veterans and First Responders Memorial Plaza Improvement Project Consensus to receive and fle the concept and authorize staff to proceed with a Request for Proposal for Professional Services of a Landscape Architect for full design of the plaza to include engineered plans and complete construction documents.

20. Banking Services Contract
Motion by Mayor White
Second by Council Member Fenn
To authorize the Mayor to sign the contract and authorize the City Manager to sign any associated agreements between the City and Wells Fargo to provide continuity of banking services needed to ensure timely processing of financial activities.

Approved by a unanimous vote.

13 Item 1.

21. Traffic Mitigation Measures for Veile Avenue at Sixth Street Consensus to use a phased approach with signage of existing truck route and monitor for six months, then report back to City Council.

22. Review and Discussion of Continuing or Rescinding Local Emergency Declaration Established via the Adoption of City of Beaumont Resolution No. 2020 -07 Adopted on March 17, 2020 Motion by Mayor White
Second by Council Member Fenn
To rescind Resolution No. 2020-07.

Approved by a unanimous vote.

LEGISLATIVE UPDATES AND DISCUSSION

ECONOMIC DEVELOPMENT UPDATE
No report, next meeting will be August 10th.

CITY TREASURER REPORT
Next meeting will be August 8th.

CITY CLERK REPORT
No report.

CITY ATTORNEY REPORT
No report.

CITY MANAGER REPORT

23. Park Projects at a Glance

FUTURE AGENDA ITEMS
None

COUNCIL REPORTS

Lara – Attended the Touch a Truck event
Santos – No report.

Fenn – Attended the Banning Opportunity Village ribbon cutting Martinez - Attended Land Use Mitigation Committee meeting White – No report.

14 Item 1.

ADJOURNMENT at 10:51 p.m.

The next regular meeting of the Beaumont City Council, Beaumont Financing Authority, the Beaumont Successor Agency (formerly RDA), the Beaumont Utility Authority, the Beaumont Parking Authority and the Beaumont Public Improvement Agency is scheduled for Tuesday, August 16, 2022, at 5:00 p.m., unless otherwise posted.

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Staff Report

TO: Finance and Audit Committee Members
FROM: Jennifer Ustation, Finance Director
DATE August 8, 2022
SUBJECT: Fiscal Year 2021-22 Fourth Quarter Budget Update and Financial Status Report

Background and Analysis:

The Fiscal Year 2021-22 Fourth Quarter Financials provide an update to the City’s financial position relative to the FY 2021-22 adjusted budget.

Summary of Cash Balances

The City has multiple bank accounts for purposes of fund segregation. The table below provides a summary of cash balances within these accounts for the month of June 2022.

A summary of cash balances for the fourth quarter including investment accounts are provided in the table below. The liquidity fund with US Bank was opened in June to have a liquid investment vehicle option while keeping the general checking account balance at a minimum through the transition of the general checking account implementation to a different bank. All funds deposited into the liquidity fund are available for operations.

Bank Name Beginning Bank
Balance June 1,
2022
Deposits Payments Ending Bank
Balance June
30, 2022
Citibank Checking (Pooled Cash)35,727,773.42 48,428,585.24 78,924,003.34 5,232,350.32 Bank of Hemet - Payroll 1,725,258.06 2,000,000.00 1,707,068.81 2,018,189.25 Bank of Hemet - Gas Tax 3,667,223.09 202,787.43 - 3,870,010.52 Bank of Hemet - Evidence and Seizure Fund 345,748.86 28.33 3,525.00 342,252.19 Bank of Hemet - Construction 4,703,882.82 386.62 - 4,704,269.44 Grand Total 46,169,886.25 50,631,787.62 80,634,597.15 16,167,071.72 Summary of Cash Balances
63 Item 3.

Financial Management Policy

Per the City of Beaumont Financial Management Policy, the City Manager, through the Finance Department, will periodically report to the City Council financial status reports on revenues and expenditures to date, and the estimated year-end fund balances.

Attachment A provides for the Governmental Funds with balances calculated as of July 31, 2022. Attachment B provides the Propriety and Enterprise Funds with balances calculated as of July 31, 2022.

Budget Control and Monitoring

The City of Beaumont Budget Policy provides that the Finance Department will maintain a system of tools for departments to manage their budgets and for financial monitoring and control of the City’s budget during the fiscal year. This system will provide the departments and City Council with information on revenue, expenditures, and budget performance at both the department and fund level.

CITIBANK ACCOUNTS #April-22 May-22 June-22
GENERAL 8965 16,220,993.03$ 35,727,768.42$ 5,232,350.32$

BANK OF HEMET
PAYROLL 50301 1,115,773.74$ 1,725,258.06$ 2,018,189.25$ GAS TAX 21901 3,477,994.36$ 3,667,223.09$ 3,870,010.52$ EVIDENCE AND SEIZURE FUND 20042 308,602.60$ 345,748.86$ 342,252.19$ CONSTRUCTION 20048 4,703,470.46$ 4,703,882.82$ 4,704,269.44$ 9,605,841.16$ 10,442,112.83$ 10,934,721.40$

US BANK
INVESTMENT PORTFOLIO 10770 44,487,957.40$ 44,711,071.45$ 44,524,222.22$ LIQUIDITY FUND 13574 -$ -$ 35,000,000.00$ 44,487,957.40$ 44,711,071.45$ 79,524,222.22$
LAIF 3-056 74,763,001.48$ 74,763,001.48$ 74,763,001.48$ PARS 2,450,831.96$ 2,454,728.99$ 2,344,101.29$
BANK BALANCES 4TH QTR FY 21-22
64 Item 3.

General Fund Summary

As of July 31, 2022, the City has a surplus of approximately $17.2M resulting from actual receipts exceeding budgeted revenues, as well as actual expenditures below budgeted amounts. City staff is continuing to pay invoices and accruing revenue receipts for FY2022 through August 31, 2022.

General Fund Revenues

As of July 31, 2022, the City has collected 128% of the FY2022 budgeted revenues.

Taxes, permits, fines and forfeitures, and cost recovery were the main drivers of the increases with miscellaneous revenue falling short. Below is a table for General Fund Revenues as of July 31, 2022.

The Finance Department will continue to accrue revenue receipts received. The fourth quarter sales tax payment is expected to be received within August and will be accrued to the final FY2022 numbers.

General Fund Departments

The table below provides for an overview of the general fund department budgets through July 31, 2022.

BUDGET
FY2021/22
ACTUAL
FY2021/22 %
Taxes 23,495,106.00 35,709,840.77 152%
Licenses 405,000.00 348,302.45 86%
Permits 3,980,025.00 5,118,224.97 129%
Franchise Fees 3,111,474.00 3,048,104.67 98%
Charges for Services 1,242,114.00 1,261,050.52 102% Fines and Forfeitures 128,803.00 168,884.41 131% Cost Recovery 487,500.00 567,495.90 116%
Miscellaneous 309,000.00 69,885.70 23%
Other Financing Sources - 2,545.07 0% Transfers 7,909,135.00 6,106,695.15 77%
TOTAL REVENUES 41,068,157.00 52,401,029.61 128%

GENERAL FUND
65 Item 3.

FY2022 encumbrances have a current balance of approximately $2M which would include the fourth quarter fire services invoice. Departments are working on budget carryover forms and are requesting purchase orders from FY2022 to rollover into FY2023. Staff will bring a re-appropriation item to Council in September for these items.

The table below provides for expenditures by type. Personnel costs make up 57.6% of the actuals to date. Operating costs are 37.8% of actuals followed by capital at 3.7%.

Contingency and transfers make up the remaining .9% of actuals. Utilities and fleet costs exceeded budget due to inflation cost increases with fuel and utilities incurred throughout the year. Structure costs are contributions from departments to the ISF, however the budget was applied in transfers which explains the variance in the structure cost line.

DEPARTMENT
FY 2022
BUDGET
FY 2022
ACTUAL %
Non-Departmental 449,166.00 436,171.56 97.1% City Council 43,053.00 32,465.93 75.4% City Clerk 224,399.00 202,060.40 90.0% Administration 2,677,762.00 1,891,989.88 70.7% Finance 1,274,580.00 1,028,164.76 80.7% IT 1,594,156.00 1,251,193.04 78.5% Risk and HR 2,513,762.00 2,474,775.54 98.4% Legal 1,500,000.00 1,244,653.07 83.0% Community Development 547,392.00 488,277.43 89.2% Community Services 716,484.00 709,835.53 99.1% Animal Control 344,182.00 334,443.49 97.2% Community Enhancement 321,521.00 207,995.34 64.7% OES 171,900.00 62,389.17 36.3% Police 12,111,169.00 12,070,364.31 99.7% K-9 11,100.00 11,087.44 99.9% Police Support 1,884,791.00 1,618,639.97 85.9% Fire 4,140,519.00 3,021,880.10 73.0% Building and Safety 1,470,207.00 1,136,518.97 77.3% Public Works 1,781,662.00 1,156,647.45 64.9% Street Maintenance 2,193,682.00 1,842,319.42 84.0% Building Maintenance 703,845.00 563,776.15 80.1% Parks and Grounds 4,607,624.00 3,407,417.39 74.0% TOTAL EXPENDITURES 41,282,956.00 35,193,066.34 85.2% 66 Item 3.

Wastewater Fund Summary

Revenues

The City has collected 98% of the budgeted revenues. All billings have been recorded.

The sewer service fees revenues collected are approximately $220k below budget. This is due to an overestimation on increases to discharge to the plant.

EXPENSE TYPE FY 2022 BUDGET FY 2022 ACTUAL %
Personnel
Salaries and Wages 15,186,317.00 14,748,052.51 97%
Benefits 6,577,935.00 5,157,521.42 78%
Other 400,420.00 352,316.44 88%
TOTAL PERSONNEL 22,164,672.00 20,257,890.37 91%
Operating
Utilities 1,654,392.00 1,741,680.48 105%
Administration 652,092.00 580,202.61 89% Fleet Costs 415,389.00 658,871.21 159%
Program Costs 750,250.00 531,789.23 71% Repairs & Maintenance 1,051,032.00 627,745.26 60% Supplies 1,238,756.00 701,437.67 57%
Special Services 906,200.00 448,735.18 50% Contractual Services 7,833,297.00 6,130,527.40 78% Other 2,041,874.00 2,003,564.21 98%
TOTAL OPERATING 16,543,282.00 13,424,553.25 81%
Capital
Equipment 558,710.00 424,720.96 76%
Vehicle 1,287,126.00 719,779.87 56%
Structure 130,000.00 190,249.45 146%
TOTAL CAPITAL 1,975,836.00 1,334,750.28 68%
Contngency
CONTINGENCY 150,000.00 64,600.13 43%
Transfers
TRANSFERS 449,166.00 111,272.31 25%
Total Expenditures 41,282,956.00 35,193,066.34 85%
67 Item 3.

Expenses

Wastewater expenses currently are approximately $765k less than budget resulting in a current surplus of $540k. Just as seen in the General Fund, utilities and fleet cost categories were overbudget due to inflation cost increases incurred throughout the year on utilities and fuel. Equipment costs exceeded budget due to emergency repairs and replacement of pumps covered by contingency budget. Actual costs were put in the equipment line to catch for capitalization purposes.

Encumbrances remaining for FY2022 are approximately $932k. Most of the encumbrance is for brine line maintenance and is not expected to be carried forward into FY2023.The remaining encumbrances are currently being evaluated by staff and any necessary carryovers will be brought to Council in September.

BUDGET
FY2021/22
ACTUAL
FY2021/22 %
Permits - 3,525.00 0
Fines and Forfeitures 5,000.00 1,600.00 32% Cost Recovery 5,000.00 283.28 6% Miscellaneous 25,000.00 16,806.07 67% Proprietary Revenues 12,300,500.00 12,079,770.31 98%
Other Financing Sources - 8,199.40 0% TOTAL REVENUES 12,335,500.00 12,110,184.06 98%

WASTEWATER REVENUES
68 Item 3.

Update on Year-End Closing and Audit Process

Finance will continue to pay invoices for FY2022 through August 31. Finance will continue to work on completing year-end journal entries and plans to have the books close by September 30. Auditor fieldwork is schedule for the week of October 11. The Finance Department has a goal to present a draft of the ACFR to the Finance and Audit Committee at the December meeting.

The Finance and Audit Committee reviewed this report in its entirety on Augu st 8, 2022 and recommended to receive and file.

EXPENSE TYPE FY 2022 BUDGET FY 2022 ACTUAL %
Personnel
Salaries and Wages 1,743,067.00 1,582,815.17 91% Benefits 648,237.00 488,837.52 75%
Other 36,403.00 26,009.85 71%
TOTAL PERSONNEL 2,427,707.00 2,097,662.54 86% Operating
Utilities 767,796.00 858,552.08 112%
Administration 187,475.00 137,074.95 73% Fleet Costs 34,820.00 57,096.04 164% Repairs & Maintenance 96,200.00 59,167.46 62% Supplies 553,900.00 459,873.81 83%
Contractual Services 1,318,816.00 1,272,950.85 97% Other 562,106.00 252,421.56 45%
TOTAL OPERATING 3,521,113.00 3,097,136.75 88% Capital
Equipment 95,000.00 323,362.88 340% Vehicle 405,582.00 336,052.41 83%
Structure - 30,683.00 0% TOTAL CAPITAL 500,582.00 690,098.29 138% Contngency
CONTINGENCY 263,693.00 34,279.47 13% Transfers
TRANSFERS 5,622,405.00 5,650,498.80 100%
Total Expenses 12,335,500.00 11,569,675.85 94%
Wastewater Expenses
69 Item 3.

Recommended Action:

Receive and file report.

Attachments:

A. Summary of Governmental Funds
B. Summary of Proprietary/Enterprise Funds
70 Item 3.

71 Item 3.

72 Item 3.

Staff Report

TO: City Council
FROM: Jennifer Ustation, Finance Director
DATE August 16, 2022
SUBJECT: FY2021-2022 Fourth Quarter Investment Report

Background and Analysis:

In accordance with Government Code Section 53646(8)(1) and per the City’s Investment Policy, the City Treasurer through the Finance Department shall submit to the Finance Committee a quarterly report that will then be taken to the City Council.

Staff has prepared the investment reports and certification as of quarter ending June 30, 2022. The significant transactions during the quarter were as follows:

 Wire from Citibank to LAIF in the amount of $30,000,000  LAIF interest recorded on 4/15/2022 in the amount of $55,981.40, in comparison to prior year third quarter payment was $81,367.44
 Wire from Citibank to US Bank in the amount of $35,000,000 to establish liquidity fund managed by Public Trust Investment Advisors

The Finance and Audit Committee reviewed the report at the August 8, 2022 meeting and received presentations by Public Trust Investment Advisors and PARS regarding the City’s investment portfolio and pension 115 trust. The Committee recommended to receive and file report.

Fiscal Impact:

This is a report on the investments held for investment and is for reporting purposes only. The estimate to prepare the report is $216.

Recommended Action:

Receive and file report.
73 Item 4.

Attachments:

A. Pooled Cash Investments Holding Report as of June 30, 2022 B. Pooled Cash Report as of June 30, 2022
C. Investment Certification for Quarter Ending June 30, 2022 D. Wilmington Trust Security Listings as of June 30, 2022 E. Wilmington Trust Maturity Dates
F. Public Trust Advisors Presentation and Report
G. PARS 115 Trust Presentation and Report

74 Item 4.

DESCRIPTION OF SECURITYCOUPON RATEMATURITY DATE*INVEST RATINGPURCH DATE COST VALUE MARKET VALUEDeposit AccountsCitibank Checking (Pooled Cash) N/A N/A NR N/A 5,232,350.32 5,232,350.32 Bank of Hemet ‐ Payroll N/A N/A NR N/A 2,018,189.25 2,018,189.25 Bank of Hemet ‐ Gas Tax 0.1 N/A NR N/A 3,870,010.52 3,870,010.52 Bank of Hemet ‐ Evidence and Seizure Fund 0.1 N/A NR N/A 342,252.19 342,252.19 Bank of Hemet ‐ Construction 0.1 N/A NR N/A 4,704,269.44 4,704,269.44 16,167,071.72 Certificates of DepositBank of Hemet 0.75 3/27/2023 NR 3/27/2019 200,000.00 204,940.71 Local Agency Investment Fund (LAIF)N/A Varies NR Varies 74,763,001.48 74,763,001.48 Cash & EquivalentsN/A N/A NR N/A 18,184,064.40 18,184,064.40 Fixed Income SecuritiesVaries Varies Varies Varies 25,749,807.00 25,749,807.00 Cash & EquivalentsN/A N/A NR N/A 37,110,819.32 37,110,819.32 Fixed Income SecuritiesVaries Varies Varies Varies 45,017,742.93 42,413,402.90 Cash & Equivalents2,500,000.00 2,344,101.29 Cash and Investment Held by Third Party Trustee (PARS Pension 115 Trust)CITY OF BEAUMONTPOOLED INVESTMENT PORTFOLIO HOLDINGSJune 30, 2022Cash and Investment Held by Third Party Trustee (Wilmington Trust)Cash and Investment Held by Third Party Trustee (US Bank)75Item 4.

Pooled Cash ReportFor the Period Ending 6/30/2022Fund (Claim on Cash) Account Name Beginning Balance Current Activity Current Balance 100 General Fund 24,923,132.77 18,604,166.10 43,527,298.87 110 Successor Agency (RDA) 176.86 (176.86) ‐ 120 Self Insurance 2,850,703.71 (696,385.91) 2,154,317.80 200 Highway Users Tax (GAS) (1,092,527.10) 41,540.10 (1,050,987.00) 201 SB1 1,344,647.81 (1,104,188.67) 240,459.14 202 Measure A 2,188,730.26 738,761.04 2,927,491.30 205 Motor Vehicle Subvention (AB2766) 604,838.88 (227,956.58) 376,882.30 210 Public, Education, Govt (PEG) 17,578.10 5,610.47 23,188.57 215 Community Development/Grants (CDBG) 1,621,203.61 1,762,073.00 3,383,276.61 220 Citizen Option Public Safety (COPS) 344,212.65 119,030.27 463,242.92 225 Asset Seizures ‐ State 53,684.69 124.16 53,808.85 230 Asset Seizures ‐ Federal ‐ 1.04 1.04 240 Other Special Revenue Fund 251,662.35 120,164.73 371,827.08 250 Community Facitlities District (CFD)‐Admin 1,605,650.01 195,568.29 1,801,218.30 255 Community Facilities District (CFD)‐Maint 562,956.76 1,066,875.47 1,629,832.23 260 Community Facilities District (CFD)‐Public Safety 530,228.80 178,748.26 708,977.06 300 Debt Service ‐ ‐ ‐ 500 General Capital Projects 8,913,471.72 (3,991,729.96) 4,921,741.76 505 Equipment Replacement 213,859.86 (204,430.22) 9,429.64 510 Community Facilities District 13,674,329.23 (284,405.64) 13,389,923.59 550 Other Mitigation 13,386.87 31.78 13,418.65 552 Basic Services Mitigation 1,304,736.11 167,412.30 1,472,148.41 554 General Plan Mitigation 15,057.03 87,401.92 102,458.95 555 Recreational Facilities Mitigation 1,542,055.62 549,025.74 2,091,081.36 76Item 4.

556 Traffic Signal Mitigation 1,776,866.76 31,894.33 1,808,761.09 558 Railroad Crossing Mitigation 2,464,172.48 218,628.81 2,682,801.29 559 Police Facilities Mitigation 1,219,577.30 318,162.50 1,537,739.80 560 Fire Station Mitigation 4,939,419.93 329,084.88 5,268,504.81 562 Road and Bridge Mitigation 11,602,401.73 1,791,463.87 13,393,865.60 564 Recycled Water Mitigation 3,310,143.88 1,213,964.34 4,524,108.22 566 Emergency Preparedness Mitigation (928,736.64) 831,470.64 (97,266.00) 567 Community Park Mitigation 1,177,004.94 714,365.85 1,891,370.79 568 Regional Park Mitigation 1,940,879.42 4,615.99 1,945,495.41 569 Neighborhood Parks Mitigation 1,545,416.48 889,285.91 2,434,702.39 570 Pass Thru DIF Fund 6,748,659.25 (422,779.10) 6,325,880.15 600 Internal Service Fund 6,418,539.73 300,864.88 6,719,404.61 700 Wastewater 7,735,008.83 (95,049.11) 7,639,959.72 705 Wastewater Mitigation 8,718,656.65 (1,483,291.26) 7,235,365.39 710 Wastewater Capital Projects (2,096,324.02) 896,084.21 (1,200,239.81) 750 Transit 1,215,145.09 368,212.62 1,583,357.71 755 Transit GASB 89,213.00 ‐ 89,213.00 760 Transit Capital Projects 107,108.29 (472,354.07) (365,245.78) 840 City of Beaumont CFD 18,458,673.90 2,692,121.89 21,150,795.79 850 Beaumont Finance Authority ‐ 1.72 1.72 855 Beaumont Public Improv Authority 0.01 (251,005.05) (251,005.04) 860 Evidence 31,426.05 823.50 32,249.55 137,957,029.66 25,003,828.18 162,960,857.84 Total Claim on CashCash In BankPooled Cash 61,721,777.79 (56,489,427.47) 5,232,350.32 Investments with Trustee ‐ 81,868,323.51 81,868,323.51 LAIF 74,557,724.93 205,276.55 74,763,001.48 Total Cash in the Bank 136,279,502.72 25,584,172.59 161,863,675.31 Due to Other Funds999 Due to Other Funds 63,399,304.73 (57,069,771.88) 6,329,532.85 Total Due to Other Funds 63,399,304.73 (57,069,771.88) 6,329,532.85 77Item 4.

Cash in Bank 136,279,502.72 161,863,675.31 Claim on Cash 137,957,029.66 162,960,857.84 Difference (1,677,526.94) (1,097,182.53) Pooled Cash 61,721,777.79 5,232,350.32 Due to Other Funds 63,399,304.73 6,329,532.85 (1,677,526.94) (1,097,182.53) Total Difference (0.00) (0.00) 78Item 4.

79 Item 4.

Holdings SummaryFor 630 AccountsAccount Level Detail - Separate Principal and IncomeAs of Date 06/30/2022Comparison Date 06/30/2022Portfolio Type/Currency(Local) Security Type Asset Class/IndustryMarketValueMV (%)AccruedIncomeUnknownAccruedIncome?MV w/AccruedIncomeUnknownMV with Acr Inc?Market ValueComparison DateMV (%)Comparison DateIncome Portfolio - USD Cash & Equivalents Taxable 3.28 100.00 0.00 3.28 3.28 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.48 8.76 0.00 + 0.48 + 0.48 8.76Principal Portfolio - USD Cash & Equivalents Taxable 113,508.26 100.00 86.17 113,594.43 113,508.26 100.00Principal Portfolio - USD Cash & Equivalents Taxable 8,114.14 100.00 6.13 8,120.27 8,114.14 100.00Principal Portfolio - USD Cash & Equivalents Taxable 157,968.20 100.00 119.87 158,088.07 157,968.20 100.00Principal Portfolio - USD Cash & Equivalents Taxable 929,546.84 100.00 113.47 929,660.31 929,546.84 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 100.00 0.00 + 1.04 + 1.04 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.19 100.00 0.00 + 0.19 + 0.19 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.78 100.00 0.00 + 0.78 + 0.78 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,589.86 100.00 2.69 3,592.55 3,589.86 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.18 100.00 0.00 + 0.18 + 0.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 335.28 100.00 0.30 335.58 335.28 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2,063.42 100.00 1.63 2,065.05 2,063.42 100.00Principal Portfolio - USD Cash & Equivalents Taxable 76.42 100.00 0.00 76.42 76.42 100.00Principal Portfolio - USD Cash & Equivalents Taxable 283.16 100.00 0.00 283.16 283.16 100.00Principal Portfolio - USD Cash & Equivalents Taxable 232.75 100.00 0.00 232.75 232.75 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.14 100.00 0.00 1.14 1.14 100.00Principal Portfolio - USD Cash & Equivalents Taxable 11.45 100.00 0.00 11.45 11.45 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4.22 100.00 0.00 4.22 4.22 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.38 100.00 0.00 0.38 0.38 100.00Principal Portfolio - USD Cash & Equivalents Taxable 96.18 100.00 0.00 96.18 96.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 138.52 100.00 0.00 138.52 138.52 100.00Principal Portfolio - USD Cash & Equivalents Taxable 141.92 100.00 0.00 141.92 141.92 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.90 100.00 0.00 1.90 1.90 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6.27 100.00 0.00 6.27 6.27 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4.05 100.00 0.00 4.05 4.05 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.37 100.00 0.00 0.37 0.37 100.00Principal Portfolio - USD Cash & Equivalents Taxable 5.40 100.00 0.00 5.40 5.40 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.33 100.00 0.00 + 1.33 + 1.33 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.67 100.00 0.00 + 0.67 + 0.67 100.00Principal Portfolio - USD Cash & Equivalents Taxable 156,699.01 100.00 118.95 156,817.96 156,699.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,780.63 100.00 1.07 1,781.70 1,780.63 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.08 0.57 0.00 + 0.08 + 0.08 0.57Principal Portfolio - USD Cash & Equivalents Taxable 0.50 100.00 0.00 + 0.50 + 0.50 100.00Principal Portfolio - USD Cash & Equivalents Taxable 14.02 100.00 0.01 14.03 14.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.17 100.00 0.00 + 2.17 + 2.17 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.08 100.00 0.00 + 2.08 + 2.08 100.00Principal Portfolio - USD Cash & Equivalents Taxable 58,243.01 100.00 44.25 58,287.26 58,243.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.36 100.00 0.00 + 0.36 + 0.36 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6.72 100.00 0.00 + 6.72 + 6.72 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.74 100.00 0.00 + 1.74 + 1.74 100.00Principal Portfolio - USD Cash & Equivalents Taxable 12.74 100.00 0.01 12.75 12.74 100.00+ Unknown^ IncompleteRun Date 8/4/2022 3:53:16 PMPage 1 of 680Item 4.

Holdings SummaryFor 630 AccountsAccount Level Detail - Separate Principal and IncomeAs of Date 06/30/2022Comparison Date 06/30/2022Portfolio Type/Currency(Local) Security Type Asset Class/IndustryMarketValueMV (%)AccruedIncomeUnknownAccruedIncome?MV w/AccruedIncomeUnknownMV with Acr Inc?Market ValueComparison DateMV (%)Comparison DatePrincipal Portfolio - USD Cash & Equivalents Taxable 1.76 100.00 0.00 + 1.76 + 1.76 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.20 100.00 0.00 + 0.20 + 0.20 100.00Principal Portfolio - USD Cash & Equivalents Taxable 28,645.62 100.00 21.78 28,667.40 28,645.62 100.00Principal Portfolio - USD Cash & Equivalents Taxable 155,522.24 100.00 118.05 155,640.29 155,522.24 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,483,420.77 100.00 943.07 1,484,363.84 1,483,420.77 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6,788.09 100.00 4.32 6,792.41 6,788.09 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.59 100.00 0.00 + 0.59 + 0.59 100.00Principal Portfolio - USD Cash & Equivalents Taxable 5.63 100.00 0.00 + 5.63 + 5.63 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.97 100.00 0.00 + 0.97 + 0.97 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.24 100.00 0.00 + 0.24 + 0.24 100.00Principal Portfolio - USD Cash & Equivalents Taxable 891,601.59 100.00 676.78 892,278.37 891,601.59 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.02 100.00 0.00 + 0.02 + 0.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6.11 100.00 0.00 + 6.11 + 6.11 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.97 100.00 0.00 + 0.97 + 0.97 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.48 100.00 0.00 + 0.48 + 0.48 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.10 100.00 0.00 + 0.10 + 0.10 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.63 100.00 0.00 + 0.63 + 0.63 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.93 100.00 0.00 + 0.93 + 0.93 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.75 100.00 0.00 + 1.75 + 1.75 100.00Principal Portfolio - USD Cash & Equivalents Taxable 186,138.18 100.00 141.29 186,279.47 186,138.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 448.22 100.00 0.34 448.56 448.22 100.00Principal Portfolio - USD Cash & Equivalents Taxable 38,374.64 100.00 15.34 38,389.98 38,374.64 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.77 100.00 0.00 + 0.77 + 0.77 100.00Principal Portfolio - USD Cash & Equivalents Taxable 11.34 100.00 0.01 11.35 11.34 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.29 100.00 0.00 + 0.29 + 0.29 100.00Principal Portfolio - USD Cash & Equivalents Taxable 8.15 100.00 0.01 8.16 8.15 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.65 100.00 0.00 + 0.65 + 0.65 100.00Principal Portfolio - USD Cash & Equivalents Taxable 377,462.98 100.00 286.49 377,749.47 377,462.98 100.00Principal Portfolio - USD Cash & Equivalents Taxable 821.21 100.00 0.46 821.67 821.21 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.77 100.00 0.00 + 0.77 + 0.77 100.00Principal Portfolio - USD Cash & Equivalents Taxable 14.83 100.00 0.01 14.84 14.83 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.86 100.00 0.00 + 0.86 + 0.86 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.62 100.00 0.00 + 0.62 + 0.62 100.00Principal Portfolio - USD Cash & Equivalents Taxable 675,120.86 100.00 512.43 675,633.29 675,120.86 100.00Principal Portfolio - USD Cash & Equivalents Taxable 39.40 100.00 0.01 39.41 39.40 100.00Principal Portfolio - USD Cash & Equivalents Taxable 32,921.79 100.00 24.95 32,946.74 32,921.79 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 100.00 0.00 + 1.04 + 1.04 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.15 100.00 0.00 + 0.15 + 0.15 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.37 100.00 0.00 + 1.37 + 1.37 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.02 100.00 0.00 + 0.02 + 0.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.70 100.00 0.00 + 2.70 + 2.70 100.00+ Unknown^ IncompleteRun Date 8/4/2022 3:53:16 PMPage 2 of 681Item 4.

Holdings SummaryFor 630 AccountsAccount Level Detail - Separate Principal and IncomeAs of Date 06/30/2022Comparison Date 06/30/2022Portfolio Type/Currency(Local) Security Type Asset Class/IndustryMarketValueMV (%)AccruedIncomeUnknownAccruedIncome?MV w/AccruedIncomeUnknownMV with Acr Inc?Market ValueComparison DateMV (%)Comparison DatePrincipal Portfolio - USD Cash & Equivalents Taxable 1,263.54 100.00 0.91 1,264.45 1,263.54 100.00Principal Portfolio - USD Cash & Equivalents Taxable 26,229.03 100.00 0.00 26,229.03 26,229.03 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 12.94 0.00 + 1.04 + 1.04 12.94Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 67,263.34 100.00 51.03 67,314.37 67,263.34 100.00Principal Portfolio - USD Cash & Equivalents Taxable 37.70 100.00 0.03 37.73 37.70 100.00Principal Portfolio - USD Cash & Equivalents Taxable 265.09 100.00 0.14 265.23 265.09 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,502,574.18 100.00 1,140.48 1,503,714.66 1,502,574.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4,951.42 100.00 3.78 4,955.20 4,951.42 100.00Principal Portfolio - USD Cash & Equivalents Taxable 22,430.76 100.00 17.04 22,447.80 22,430.76 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 100.00 0.00 + 1.04 + 1.04 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.10 100.00 0.00 + 1.10 + 1.10 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.03 100.00 0.00 + 0.03 + 0.03 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2,878.31 100.00 2.21 2,880.52 2,878.31 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4.14 100.00 0.00 + 4.14 + 4.14 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,578.12 100.00 1.21 1,579.33 1,578.12 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 9.42 0.00 + 1.04 + 1.04 9.42Principal Portfolio - USD Cash & Equivalents Taxable 16,793.32 100.00 12.78 16,806.10 16,793.32 100.00Principal Portfolio - USD Cash & Equivalents Taxable 385,155.93 100.00 292.38 385,448.31 385,155.93 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,258.84 100.00 0.91 1,259.75 1,258.84 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 100.00 0.00 + 1.04 + 1.04 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.05 100.00 0.00 + 0.05 + 0.05 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.32 100.00 0.00 + 0.32 + 0.32 100.00Principal Portfolio - USD Cash & Equivalents Taxable 869,125.05 100.00 659.68 869,784.73 869,125.05 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.90 100.00 0.00 + 0.90 + 0.90 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 9.42 0.00 + 1.04 + 1.04 9.42Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 25,475.19 100.00 19.30 25,494.49 25,475.19 100.00Principal Portfolio - USD Cash & Equivalents Taxable 569,716.66 100.00 432.43 570,149.09 569,716.66 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,855.36 100.00 1.35 1,856.71 1,855.36 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.04 100.00 0.00 + 1.04 + 1.04 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.01 100.00 0.00 + 2.01 + 2.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 52,358.39 100.00 39.74 52,398.13 52,358.39 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,847,531.19 100.00 1,402.27 1,848,933.46 1,847,531.19 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.26 100.00 0.00 + 1.26 + 1.26 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.82 100.00 0.00 + 1.82 + 1.82 100.00Principal Portfolio - USD Cash & Equivalents Taxable 12.56 100.00 0.01 12.57 12.56 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.82 100.00 0.00 + 1.82 + 1.82 100.00Principal Portfolio - USD Cash & Equivalents Taxable 20.74 100.00 0.02 20.76 20.74 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.82 100.00 0.00 + 1.82 + 1.82 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4.64 100.00 0.00 + 4.64 + 4.64 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.82 100.00 0.00 + 1.82 + 1.82 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6.85 100.00 0.00 + 6.85 + 6.85 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.76 100.00 0.00 + 0.76 + 0.76 100.00+ Unknown^ IncompleteRun Date 8/4/2022 3:53:16 PMPage 3 of 682Item 4.

Holdings SummaryFor 630 AccountsAccount Level Detail - Separate Principal and IncomeAs of Date 06/30/2022Comparison Date 06/30/2022Portfolio Type/Currency(Local) Security Type Asset Class/IndustryMarketValueMV (%)AccruedIncomeUnknownAccruedIncome?MV w/AccruedIncomeUnknownMV with Acr Inc?Market ValueComparison DateMV (%)Comparison DatePrincipal Portfolio - USD Cash & Equivalents Taxable 378,829.03 100.00 287.57 379,116.60 378,829.03 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.47 100.00 0.00 + 2.47 + 2.47 100.00Principal Portfolio - USD Cash & Equivalents Taxable 13,110.73 100.00 9.93 13,120.66 13,110.73 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6,908.63 100.00 5.23 6,913.86 6,908.63 100.00Principal Portfolio - USD Cash & Equivalents Taxable 659,472.55 100.00 419.30 659,891.85 659,472.55 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6,783.72 100.00 4.32 6,788.04 6,783.72 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.33 100.00 0.00 + 1.33 + 1.33 100.00Principal Portfolio - USD Cash & Equivalents Taxable 121,610.01 100.00 92.28 121,702.29 121,610.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 5,481.02 100.00 4.20 5,485.22 5,481.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6.27 100.00 0.00 + 6.27 + 6.27 100.00Principal Portfolio - USD Cash & Equivalents Taxable 25,323.84 100.00 0.00 25,323.84 25,323.84 100.00Principal Portfolio - USD Cash & Equivalents Taxable 819,566.22 100.00 622.10 820,188.32 819,566.22 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,888.58 100.00 1.36 1,889.94 1,888.58 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.33 100.00 0.00 + 1.33 + 1.33 100.00Principal Portfolio - USD Cash & Equivalents Taxable 160,027.82 100.00 121.46 160,149.28 160,027.82 100.00Principal Portfolio - USD Cash & Equivalents Taxable 10,296.96 100.00 7.80 10,304.76 10,296.96 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.33 100.00 0.00 + 1.33 + 1.33 100.00Principal Portfolio - USD Cash & Equivalents Taxable 106,045.08 100.00 80.47 106,125.55 106,045.08 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.45 100.00 0.00 1.45 1.45 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.14 100.00 0.00 + 1.14 + 1.14 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,567.55 100.00 2.27 3,569.82 3,567.55 100.00Principal Portfolio - USD Cash & Equivalents Taxable 152,246.96 100.00 115.56 152,362.52 152,246.96 100.00Principal Portfolio - USD Cash & Equivalents Taxable 7,988.23 100.00 6.04 7,994.27 7,988.23 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,470.90 100.00 0.00 1,470.90 1,470.90 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.47 100.00 0.00 + 2.47 + 2.47 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,388.84 100.00 2.21 3,391.05 3,388.84 100.00Principal Portfolio - USD Cash & Equivalents Taxable 280,874.58 100.00 213.15 281,087.73 280,874.58 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.61 100.00 0.00 1.61 1.61 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,908.28 100.00 0.00 3,908.28 3,908.28 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.47 100.00 0.00 + 2.47 + 2.47 100.00Principal Portfolio - USD Cash & Equivalents Taxable 733,230.77 100.00 466.18 733,696.95 733,230.77 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6,787.00 100.00 4.32 6,791.32 6,787.00 100.00Principal Portfolio - USD Cash & Equivalents Taxable 24.51 100.00 0.02 24.53 24.51 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.17 100.00 0.00 + 1.17 + 1.17 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.95 100.00 0.00 + 0.95 + 0.95 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.34 100.00 0.00 + 0.34 + 0.34 100.00Principal Portfolio - USD Cash & Equivalents Taxable 215,096.38 100.00 136.76 215,233.14 215,096.38 100.00Principal Portfolio - USD Cash & Equivalents Taxable 6,772.93 100.00 4.32 6,777.25 6,772.93 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3.61 100.00 0.00 + 3.61 + 3.61 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.24 100.00 0.00 + 0.24 + 0.24 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1,045,344.53 100.00 664.58 1,046,009.11 1,045,344.53 100.00Principal Portfolio - USD Cash & Equivalents Taxable 9,719.61 100.00 6.15 9,725.76 9,719.61 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.47 100.00 0.00 + 2.47 + 2.47 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.75 100.00 0.00 + 0.75 + 0.75 100.00+ Unknown^ IncompleteRun Date 8/4/2022 3:53:16 PMPage 4 of 683Item 4.

Holdings SummaryFor 630 AccountsAccount Level Detail - Separate Principal and IncomeAs of Date 06/30/2022Comparison Date 06/30/2022Portfolio Type/Currency(Local) Security Type Asset Class/IndustryMarketValueMV (%)AccruedIncomeUnknownAccruedIncome?MV w/AccruedIncomeUnknownMV with Acr Inc?Market ValueComparison DateMV (%)Comparison DatePrincipal Portfolio - USD Cash & Equivalents Taxable 547,228.38 100.00 347.87 547,576.25 547,228.38 100.00Principal Portfolio - USD Cash & Equivalents Taxable 12,271.69 100.00 7.83 12,279.52 12,271.69 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.00 100.00 0.00 + 2.00 + 2.00 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.54 100.00 0.00 + 0.54 + 0.54 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.03 100.00 0.00 + 0.03 + 0.03 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.12 100.00 0.00 + 0.12 + 0.12 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.18 100.00 0.00 + 0.18 + 0.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.02 100.00 0.00 + 0.02 + 0.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.36 100.00 0.00 + 0.36 + 0.36 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.02 100.00 0.00 + 0.02 + 0.02 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.08 100.00 0.00 + 0.08 + 0.08 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.18 100.00 0.00 + 0.18 + 0.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.05 100.00 0.00 + 0.05 + 0.05 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.18 100.00 0.00 + 0.18 + 0.18 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 + 0.01 + 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.05 100.00 0.00 + 0.05 + 0.05 100.00Principal Portfolio - USD Cash & Equivalents Taxable 9,579.72 100.00 6.12 9,585.84 9,579.72 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,224.30 100.00 0.00 3,224.30 3,224.30 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2,794.83 100.00 0.00 2,794.83 2,794.83 100.00Principal Portfolio - USD Cash & Equivalents Taxable 2.85 100.00 0.00 + 2.85 + 2.85 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.17 100.00 0.00 + 0.17 + 0.17 100.00Principal Portfolio - USD Cash & Equivalents Taxable 639,841.08 100.00 406.74 640,247.82 639,841.08 100.00Principal Portfolio - USD Cash & Equivalents Taxable 42,710.95 100.00 27.16 42,738.11 42,710.95 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.20 100.00 0.00 1.20 1.20 100.00Principal Portfolio - USD Cash & Equivalents Taxable 1.14 100.00 0.00 + 1.14 + 1.14 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.12 100.00 0.00 + 0.12 + 0.12 100.00Principal Portfolio - USD Cash & Equivalents Taxable 246,147.89 100.00 186.85 246,334.74 246,147.89 100.00Principal Portfolio - USD Cash & Equivalents Taxable 23,422.50 100.00 17.76 23,440.26 23,422.50 100.00Principal Portfolio - USD Cash & Equivalents Taxable 980,910.77 100.00 0.00 980,910.77 980,910.77 100.00Principal Portfolio - USD Cash & Equivalents Taxable 4,800.00 100.00 0.00 4,800.00 4,800.00 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 0.01 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 16,467.38 100.00 0.00 16,467.38 16,467.38 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.85 0.00 0.00 0.85 0.85 0.00Principal Portfolio - USD Cash & Equivalents Taxable 128,087.50 100.00 0.00 128,087.50 128,087.50 100.00Principal Portfolio - USD Cash & Equivalents Taxable 7,800.00 100.00 0.00 7,800.00 7,800.00 100.00Principal Portfolio - USD Cash & Equivalents Taxable 0.06 0.00 0.00 0.06 0.06 0.00Principal Portfolio - USD Cash & Equivalents Taxable 1.62 0.00 0.00 1.62 1.62 0.00Principal Portfolio - USD Cash & Equivalents Taxable 0.12 0.00 0.00 0.12 0.12 0.00Principal Portfolio - USD Cash & Equivalents Taxable 0.75 0.00 0.00 0.75 0.75 0.00Principal Portfolio - USD Cash & Equivalents Taxable 0.01 100.00 0.00 0.01 0.01 100.00Principal Portfolio - USD Cash & Equivalents Taxable 3,057.95 100.00 0.00 3,057.95 3,057.95 100.00Principal Portfolio - USD Cash & Equivalents Taxable 486.51 100.00 0.00 486.51 486.51 100.00+ Unknown^ IncompleteRun Date 8/4/2022 3:53:16 PMPage 5 of 684Item 4.

City of Beaumont Maturity Dates (all issues) AccountMATURITY DATE120933-000 Beaumont CFD 93-1 1994 Financing AuthorityAuthority 9/1/2023120935-000 Beaumont CFD 93-1 1994 IA1 CFD 9/1/2023Beaumont CFD 93-1 1994 IA2 CFD 9/1/2023Beaumont CFD 93-1 1994 IA4 CFD 9/1/2023Beaumont CFD 93-1 1994 IA5 CFD 9/1/2023**Issue pays in full on 9/1/2022** (9/1/2022 PREPAYMENT)121008-000 Beaumont CFD93-1 2012A Financing AuthorityAuthority 9/1/2022121009-000 Beaumont CFD93-1 2012A IA8C CFD 9/1/2022**Issue pays in full on 9/1/2022**121010-000 Beaumont CFD93-1 2012B Financing AuthorityAuthority 9/1/2022121013-000 Beaumont CFD93-1 2012B IA20 CFD 9/1/2022**Issue pays in full on 9/1/2022**121018-000 Beaumont CFD93-1 2012CDEF Financing AuthorityAuthority 9/1/2022121021-000 Beaumont CFD93-1 2012C IA7B CFD 9/1/2022Beaumont CFD93-1 2012D IA7B CFD 9/1/2022Beaumont CFD93-1 2012E IA7C CFD 9/1/2022Beaumont CFD93-1 2012F IA7C CFD 9/1/2022**Issue pays in full on 9/1/2022**121031-000 Beaumont CFD93-1 2013A Financing AuthorityAuthority 9/1/2023121032-000 Beaumont CFD93-1 2013A IA19C CFD 9/1/2023**Issue pays in full on 9/1/2023**121035-000 Beaumont CFD93-1 2013A Financing AuthorityAuthority 9/1/2023121037-000 Beaumont CFD93-1 2013A IA17A CFD 9/1/202386Item 4.

**Issue pays in full on 9/1/2023**121041-000 Beaumont CFD93-1 2015A Financing AuthorityAuthority 9/1/2045121043-000 Beaumont CFD93-1 2015A IA7A1 CFD 9/1/2045121046-000 Beaumont CFD93-1 2015B Financing AuthorityAuthority 9/1/2035121048-000 Beaumont CFD93-1 2015B IA19A CFD 9/1/2035121049-000 Beaumont CFD93-1 2015C Financing AuthorityAuthority 9/1/2034121050-000 Beaumont CFD93-1 2015C IA18 CFD 9/1/2034121051-000 Beaumont CFD93-1 2015D Financing AuthorityAuthority 9/1/2034121052-000 Beaumont CFD93-1 2015D IA16 CFD 9/1/2034123240-000 Beaumont 93-1 2017A IA6A1 Authority 9/1/2035123431-000 Beaumont 93-1 2017A IA8 Authority 9/1/2032123239-000 Beaumont 93-1 2017A IA8A Authority 9/1/2035123433-000 Beaumont 93-1 2017A IA8B Authority 9/1/2037120990-009 Beaumont 93-1 2017A IA8C Authority 9/1/203887Item 4.

123223-000 Beaumont 93-1 2017A IA8D Authority 9/1/2039123436-000 Beaumont 93-1 2017A 1A14 Authority 9/1/2032123456-000 Beaumont 93-1 2017A IA14A Authority 9/1/1933123221-000 Beaumont 93-1 2017A IA14B Authority 9/1/1937121032-013 Beaumont 93-1 2017A IA19C Authority 9/1/1936121021-034 Beaumont 93-1 2018A IA7B Authority 9/1/1939132553-000 Beaumont 93-1 2018A IA7D Authority 9/1/1948121009-017 Beaumont 93-1 2018A IA8C Authority 9/1/1948123223-010 Beaumont 93-1 2018A IA8D Authority 9/1/1948132571-000 Beaumont 93-1 2018A IA8E Authority 9/1/194888Item 4.

129848-000 Beaumont 93-1 2018A IA17C Authority 9/1/1948131715-000 Beaumont Pub Imp WW Rev Bds 2018 WasteWater9/1/1949136802-000 Beaumont BPIA LRBS Series 2019 Authority 9/1/1932136797-000 Beaumont CFD 93-1 2019 IA3 CFD 9/1/2032136798-000 Beaumont CFD 93-1 2019 IA9 CFD 9/1/2032136799-000 Beaumont CFD 93-1 2019 IA10A CFD 9/1/2032136800-000 Beaumont CFD 93-1 2019 IA11 CFD 9/1/2032136801-000 Beaumont CFD 93-1 2019 IA12 CFD 9/1/2032134436-000 Beaumont 2016-1 (Fariway Cyn) IA 19C 2019 Authority9/1/2049136806-000 Beaumont CFD 2016-2 2019 (Sundance) Authority9/1/2049138228-000 Beaumont CFD 2016-4 2019 Authority9/1/2049141969-002 Beaumont CFD 93-1 2020 IA8F Authority9/1/2050143124-000 Beaumont CFD 2019-1 2020 Authority9/1/2050142529-000 Beaumont CFD93-1 2020 Financing Authority 9/1/204289Item 4.

121009-018 Beaumont CFD 93-1 2020 IA8C 9/1/2042142528-000 Beaumont CFD 93-1 2020 IA17B 9/1/2042149426-000 Beaumont BPIA LRBS Series 2021 9/1/2039121021-100 Beaumont CFD 93-1 2021 IA7B 9/1/2039149424-000 Beaumont CFD 93-1 2021 IA7C 9/1/2039149422-000 Beaumont CFD 93-1 2021 IA17A 9/1/2034149421-000 Beaumont CFD 93-1 2021 IA19C 9/1/2036149425-000 Beaumont CFD 93-1 2021 IA20 9/1/203590Item 4.

City of Beaumont Market & Portfolio Update
August 8, 2022
Mark Creger –Senior Portfolio Manager
Tom Tight –Managing Director
91 Item 4.

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Macroeconomic Themes
2 Surging Inflation
➢Consumer prices rising at fastest pace in 40 years
➢Depressed consumer sentiment
➢Weighing on economic output
Ukraine Conflict
➢Triggered a surge in energy & commodity prices
➢Heightened geopolitical uncertainty
➢Elevated market volatility
Recession or Soft Landing
➢Federal Reserve slow to respond to inflation pressures ➢Fed’s aggressive policy pivot stokes recession fears
➢Balance sheet reduction begins
92 Item 4.

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Domestic Growth: U.S. Economy Contracts for Second Consecutive Quarter 3Source: Bureau of Economic Analysis, Bloomberg
U.S. GDP Contracted by 0.90%in the Second Quarter Median U.S. Real GDP Forecasts According to Bloomberg Survey While the contraction in Q1 could be partially dismissed with attributions to outsized drags from trade and inventories, the weakness in Q2 GDP reflects a more broad-based slowing in economic activity.

The U.S. economy is poised to slow markedly following the strong rebound in 2021 and growth expectations for calendar year 2022 are likely to be revised lower given the weak first half performance.

3.2 2.8 1.9
-5.1
-31.2

33.8 4.5 6.3 6.7

2.3 6.9
-1.6 -0.9
-40
-30
-20
-10
0 10
20 30
40 50
2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 Consumer Spending Investment Net Exports Government Spending Real GDP

2.3 -3.4

5.7 2.0

1.3 1.8
-4
-2
0 2
4 6
8 93
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Despite a growing chorus that the economy may already be in recession following back-to-back quarterly declines in GDP, the U.S. labor market continues to plow forward with steady job gains.

While initial jobless claims remain subdued, they are up by over 50% from their March 2022 lows and a continued uptrend would signal a cooling labor market and raise the odds the economy slips into recession.

Labor Markets: The Job Market Remains a Relative Bright Spot Amidst a Gloomy Economic Outlook 4Source: Bureau of Labor Statistics
Job Gains Have Remained Steady as Economy Shows Signs of Cooling Rising Claims for Unemployment Insurance Sound Early Warning -200
0 200
400
600
800
1,000
1,200
Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Nonfarm Payrolls Total MoM Net Change SA (000s) Survey Estimate
4 per. Mov. Avg. (Nonfarm Payrolls Total MoM Net Change SA (000s)) 231

3.6 2
3 4
5 6
7 8
0 100
200
300
400
500
600
700
800
900
1000
Jul-20Oct-20Jan-21Apr-21Jul-21Oct-21Jan-22Apr-22Jul-22US Initial Jobless Claims SA (LHS) US Unemployment Rate (RHS)
4 per. Mov. Avg. (US Initial Jobless Claims SA (LHS))
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Inflation: Persistent Inflation Remains a Clear and Present Danger for Consumers and Policymakers 5 Inflation Has Proven More Persistent than the Federal Reserve Anticipated as Rents, Food, and Energy Prices Surge Inflation continues to accelerate at a vigorous pace, threatening to undermine consumer spending and underscoring the growing pressure on the Federal Reserve to raise interest rates. The Consumer Price Index rose 9.1% through June as unrelenting price gains in food and energy lead the headline index higher. While the Federal Reserve’s preferred measure of core inflation has moderated on a year-over-year basis in recent months, inflation remains far too high and persistent for the Fed’s liking and market expectations have shifted towards a more aggressive pace of rate hikes.

Source: Bureau of Labor Statistics, Bureau of Economic Analysis, Bloomberg

9.1 4.8
0 1
2 3
4 5
6 7
8 9
10 Dec-16Mar-17Jun-17Sep-17Dec-17Mar-18Jun-18Sep-18Dec-18Mar-19Jun-19Sep-19Dec-19Mar-20Jun-20Sep-20Dec-20Mar-21Jun-21Sep-21Dec-21Mar-22Jun-22US CPI YoY US Personal Consumption Expenditure Core YoY Fed Inflation Target 95 Item 4.

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Average Hourly Earnings: Wage Pressures Fail to Keep Pace with Inflation 6 Inflation Continues to Accelerate at a Faster Pace than Wages As employers increase wages to attract employees in the face of persistent labor shortages, wage increases have failed to keep pace with rising and persistent inflation. While average hourly earnings rose 5.1% in nominal terms through June, real earnings growth (i.e., after adjusting for inflation) was -3.6% through the same period and has been negative on a YoY bases since April 2021. The inability of wages to keep pace with inflation represents a major headwind to consumer confidence and spending –the primary driver of growth in the U.S. economy.

Source: Bureau of Labor Statistics, Bloomberg

5.1 -3.6
-6
-4
-2
0 2
4 6
8 10
Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22US Average Hourly Earnings Percentage Change YoY US Real Average Hourly Earnings Percentage Change YoY 96 Item 4.

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Consumer Sentiment: Consumer’s Sentiment Fell to a Record Low in June 7 Measures of Consumer Sentiment Remain Under Pressure as Rising Prices Weigh on Optimism The University of Michigan’s Index of Consumer Sentiment remains near its lowest level on record in July as surging inflation, higher interest rates, and an increasingly cloudy economic outlook weighed on consumer morale. According to the report, "Consumers across income, age,education, geographic region, political affiliation, stockholding and homeownership status all posted large declines. About 79% of consumers expected bad times in the year ahead for business conditions, the highest since 2009." Source: University of Michigan, Bloomberg

51.5 40
50 60
70 80
90 100
110
120
Jul-78Jul-80Jul-82Jul-84Jul-86Jul-88Jul-90Jul-92Jul-94Jul-96Jul-98Jul-00Jul-02Jul-04Jul-06Jul-08Jul-10Jul-12Jul-14Jul-16Jul-18Jul-20Jul-22University of Michigan Consumer Sentiment Index 97 Item 4.

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Monetary Policy: Federal Reserve Intends to Push Monetary Policy into Restrictive Territory 8Source: Federal Reserve, Bloomberg
After holding on too long to their belief that inflation pressures would prove transitory, the Federal Reserve pivoted their policy stance and launched an aggressive effort to tame rising prices.

Pricing in the federal funds futures market show market participants see nearly 1% of additional rate hikes through early 2023 followed by rate cuts as overly restrictive policy risks tipping the economy into recession.

Federal Reserve Raised the Federal Funds Rate by 0.75% in May & June Fed Funds Futures Reflect Further Rate Hikes Followed by Cuts

2.5 $0
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10

0.00 0.50

1.00 1.50

2.00 2.50

3.00 Jan-17Jul-17Jan-18Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22Federal Reserve Total Assets (RHS)Federal Funds Target Rate: Upper Bound (LHS)

2.42 3.62 4.18 4.29 4.23 3.92 3.55 3.22 2.87

2.94 3.24

3.38 3.41

3.39 3.31

3.22 3.14

3.05 0.00

0.50 1.00

1.50 2.00

2.50 3.00

3.50 4.00

4.50 5.00

2.70 2.80

2.90 3.00

3.10 3.20

3.30 3.40

3.50 Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23#Hikes/Cuts (RHS)Implied Rate 98 Item 4.

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Treasury Market: Yields Surge and the Yield Curve Inverts as the Fed Raises Rates Aggressively 9Source: Bloomberg
Treasury Yields Surged as the Fed Adopted a Notably Hawkish Policy Stance Which Includes Planned Rate Hikes and Balance Sheet Reduction The persistency of inflation coupled with the Fed’s more aggressive policy stance continues to push Treasury yields notably higher. Despite growing economic uncertainties, the market perceives that the Fed has fallen behind inflation and anticipates the central bank will continue to raise policy rates until there is a notable breakdown in economic and/or financial conditions. The notable flattening and inversion in segments of the yield curve reflects growing economic uncertainty and a rising risk that the economy slides into recession. 285 286
253
221
169
145 130
0 50
100
150
200
250
300
350

0.00 0.50

1.00 1.50

2.00 2.50

3.00 3.50
6M 1Y 2Y 3Y 5Y 7Y 10Y
Change in BPs (RHS)8/4/2022 12/1/2021
99 Item 4.

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Market perceptions that the Federal Reserve had fallen behind the data in dealing with inflation and a subsequent aggressive hawkish policy pivot propelled interest rates higher and the yield curve notably latter in recent months. Market participants remain concerned that, in its effort to slow inflation, the Fed may over tighten financial conditions and risk tipping the economy towards recession.

Treasury Market: Yield Curve Inversions Flashes Recessionary Warning Signal 10Source: Bloomberg
The Inversion of the Spread Between 2 and 10-Year Treasury Yields Sounds Ominous Recession Alarm -24.18
-300
-200
-100
0 100
200
300
400
Basis Points Recession 2's VS 10's Spread (BPs)
100
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3.38%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22BB High Yield Corporate Yield Spread (OAS) ICE BofA 1-5 Year BB US High Yield Index
13 per. Mov. Avg. (ICE BofA 1-5 Year BB US High Yield Index)

0.95%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22AAA Asset-Backed Yield Spread (OAS) ICE BofA 0-5 Year AAA US Fixed Rate Asset Backed Securities Index (OAS) 13 per. Mov. Avg. (ICE BofA 0-5 Year AAA US Fixed Rate Asset Backed Securities Index (OAS))

0.90%

0.00%

0.75%

1.50%

2.25%

3.00%

3.75%Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22A-AAA Corporate Yield Spread (OAS) ICE BofA 1-5 Year AAA-A US Corporate Index (OAS)
13 per. Mov. Avg. (ICE BofA 1-5 Year AAA-A US Corporate Index (OAS))

0.02%
-0.10%

0.00%

0.10%

0.20%

0.30%

0.40%Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21Jul-21Jan-22Jul-22Federal Agency Yield Spread (OAS) ICE BofA 1-5 Year US Bullet Agency Index (OAS)
13 per. Mov. Avg. (ICE BofA 1-5 Year US Bullet Agency Index (OAS)) Credit Markets: Credit Spreads Pressured Wider as Financial Conditions Tighten 11Source: Ice Fixed income Indices, Bloomberg
10-Year Avg: 0.07%10-Year Avg: 0.66%
10-Year Avg: 0.50%
10 Year Avg: 2.68%
101
Item 4.

Public Trust Advisors 2022 ©
Disclosures
13 This presentation is for informational purposes only.The information contained herein has been obtained from sources that we believe to be reliable,but its accuracy and completeness are not guaranteed.The materials in the attached are opinions of Public Trust Advisors,LLC and should not be construed as investment advice.Many factors affect performance including changes in market conditions and interest rates and in response to other economic,political,or financial developments.Performance comparisons will be affected by changes in interest rates.

Investing involves risk including the possible loss of principal.The presentation is not a recommendation to buy,sell,implement,or change any securities or investment strategy,function,or process.Any financial and/or investment decision should be made only after considerable research,consideration,and involvement with an experienced professional engaged for the specific purpose .All comments and discussion presented are purely based on opinion and assumptions,not fact.These assumptions may or may not be correct based on foreseen and unforeseen events.All calculations and results presented and are for discussion purposes only and should not be used for making and calculations and/or decisions.Past performance is not an indication of future performance.Any financial and/or investment decision may incur losses.

The investment advisor providing these services is Public Trust Advisors,LLC,an investment adviser registered with the U.S.Securities and Exchange Commission (SEC)under the Investment Advisers Act of 1940,as amended.Registration with the SEC does not imply a certain level of skill or training.Public Trust is required to maintain a written disclosure brochure of our background and business experience.If you would like to receive a copy of our current disclosure brochure,privacy policy,or code of ethics please contact us.

There is no guarantee that investment strategies will achieve the desired results under all market conditions,and each investor should evaluate its ability to invest long-term,especially during periods of a market downturn.This information may contain statements,estimates,or projections that constitute “forward-looking statements”as defined under U.S.federal and other jurisdictions’securities laws.Any such forward looking statements are inherently speculative and are based on currently available information,operating plans,and projections about future events and trends.As such,they are subject to numerous risks and uncertainties.

Public Trust Advisors
717 17th Street,Suite 1850
Denver,Colorado 80202
102
Item 4.

Public Trust Advisors 2022 ©City of Beaumont Core Portfolio Portfolio Strategy
103
Item 4.

12/02/2021 to 06/30/2022
City of Beaumont, CA
Investment Report
104
Item 4.

Tom Tight | Managing Director
Direct: (407) 588-9391
Mobile: (407) 765-0761
[email protected]
Mark Creger | Director, Portfolio Management
Direct: (213) 545-7452
Mobile: (323) 573-9529
[email protected]
John Grady | Managing Director
Direct: (407) 588-0525
Mobile: (407) 701-8002
[email protected]
Manuel N. San Luis | Vice President, Portfolio Manage-
ment
Direct: (213) 545-8605
Mobile: (213) 509-3758
[email protected]
Relationship Managers Portfolio Manager
Relationship Management Team
Table of Contents
Executive Summary
• Portfolio Overview 3
• Maturity Distribution 4
• Rating Distribution 5
• Security Distribution – Market Value 6
• Security Distribution – Historical Cost 7
Supporting Reports
• Portfolio Holdings 8
• Transactions 12
• Income 14
• GASB 40 17
• Portfolio Activity Summary 21
Disclaimers
105
Item 4.

Public Trust Advisors 3
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Overview
12/01/21 06/30/22
Duration 0.000 1.607
Years to Effective Maturity 0.000 1.659
Years to Final Maturity 0.000 1.665
Coupon Rate 0.010 1.697
Book Yield 0.010 2.075
Market Yield 0.010 2.895
Benchmark Yield ----
Portfolio Summary
Asset Allocation
Portfolio Characteristics
Summary 12/01/21 06/30/22
Historical Cost $15,000,000.00 $45,017,742.92
Book Value 15,000,000.00 45,061,417.76
Accrued Interest 2.46 118,336.28
Net Pending Transactions 0.00 5,205.57
Book Value Plus Accrued $15,000,002.46 $45,184,959.61
Net Unrealized Gain/Loss 0.00 (510,210.65)
Market Value Plus Accrued $15,000,002.46 $44,674,748.97 Period Income Income
Interest Income $142,395.77
Net Amortization/Accretion Income 43,674.84
Net Income $186,070.61
Income Summary
Detail may not add to total due to rounding.

Executive Summary
106
Item 4.

Public Trust Advisors 4
12/02/2021 to 06/30/2022
City of Beaumont, CA
Maturity Distribution by Security Type
Portfolio Overview
Issuer Value
United States 75.15%
Federal Home Loan Banks 6.08%
U.S. Bancorp 4.72%
Farm Credit System 3.01%
Chevron Corporation 2.28%
Caterpillar Inc.2.24%
Amazon.com, Inc.2.23%
Toyota Motor Corporation 2.18%
Apple Inc.2.11%
(CCYUSD) UNITED STATES OF AMERICA 0.01%
Top Ten Holdings Maturity Distribution by Type
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total CASH $5,205.57 ----------------$5,205.57
CORP 4,930,526.05 4,930,526.05
FED INST (GSE)4,056,810.84 4,056,810.84
MMFUND 2,110,819.32 2,110,819.32
US GOV 1,153,496.09 6,455,770.67 16,506,555.18 9,455,565.24 33,571,387.18 TOTAL $2,116,024.89 --$1,153,496.09 $6,455,770.67 $20,563,366.02 $14,386,091.29 ------$44,674,748.97 • Maturity Distribution
107
Item 4.

Public Trust Advisors 5
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Overview
S&P Rating Distribution Moody’s Rating Distribution
Allocation by Standard and Poor’s Rating Allocation by Moody’s Rating S&P Rating Distribution Jun 30, 2022
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+$0.00 0.00%
A-1
A-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
AAA $2,116,024.89 4.74%
AA $40,583,712.20 90.84%
A $1,975,011.88 4.42%
Below A
Not Rated
Total Long Term Ratings $44,674,748.97 100.00%
Portfolio Total $44,674,748.97 100.00%
Moody's Rating Distribution Jun 30, 2022
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $0.00 0.00%
P-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
Aaa $40,685,303.92 91.07%
Aa $1,017,181.37 2.28%
A $2,972,263.67 6.65%
Below A
Not Rated
Total Long Term Ratings $44,674,748.97 100.00%
Portfolio Total $44,674,748.97 100.00%
• Rating Distribution
108
Item 4.

Public Trust Advisors 6
12/02/2021 to 06/30/2022
City of Beaumont, CA
Market Value Basis Security Distribution
Asset Balance by Security Type
Security Distribution Dec 01, 2021
Ending Balance
Dec 01, 2021
Portfolio Allocation
Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $5,205.57 0.01%0.01%0.00%
U.S. Treasury Notes $33,571,387.18 75.15%75.15%1.80%
Federal Instrumentality (GSE)4,056,810.84 9.08%9.08%3.19% Money Market Funds $15,000,002.46 100.00%$2,110,819.32 4.72% (95.28%)1.01% Corporate Notes 4,930,526.05 11.04%11.04%3.54%
Portfolio Total $15,000,002.46 100.00%$44,674,748.97 100.00%2.08% Portfolio Overview
• Security Distribution – Market Value
109
Item 4.

Public Trust Advisors 7
12/02/2021 to 06/30/2022
City of Beaumont, CA
Historic Cost Basis Security Distribution
Asset Balance by Security Type
Portfolio Overview
Security Distribution Dec 01, 2021
Ending Balance
Dec 01, 2021
Portfolio Allocation
Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $5,205.57 0.01%0.01%0.00%
U.S. Treasury Notes $33,979,522.10 75.47%75.47%1.80%
Federal Instrumentality (GSE)4,037,431.50 8.97%8.97%3.19% Money Market Funds $15,000,000.00 100.00%$2,110,819.32 4.69% (95.31%)1.01% Corporate Notes 4,889,970.00 10.86%10.86%3.54%
Portfolio Total $15,000,000.00 100.00%$45,022,948.49 100.00%2.08% • Security Distribution – Historical Cost
110
Item 4.

Public Trust Advisors 8
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
IdentifierCoupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
CASH 0.00%
Receivable
CCYUSD

0.00%
06/30/22
06/30/22

0.00 --
--5,205.57 $5,205.57
$5,205.57
$5,205.57

1.00 $5,205.57
$0.00 $0.00 0.01%N
--

0.00%
--
--
AAA
Aaa

CASH TOTAL
06/30/22
06/30/22

0.00 --
--5,205.57 $5,205.57
$5,205.57
$5,205.57

1.00 $5,205.57
$0.00 $0.00 0.01%N
--

0.00%
--
--
AAA
Aaa
MMFUND 0.00%
FIRST AMER:TRS OBG Y
31846V807

1.01%
06/30/22
06/30/22

0.00 --
--2,110,819.32 $2,110,819.32
$2,110,819.32
$2,110,819.32

1.00 $2,110,819.32
$0.00 $0.00 4.72%N
--

1.01%
--
--
AAAm
Aaa

MMFUND TOTAL
06/30/22
06/30/22

0.00 --
--2,110,819.32 $2,110,819.32
$2,110,819.32
$2,110,819.32

1.00 $2,110,819.32
$0.00 $0.00 4.72%N
--

1.01%
--
--
AAAm
Aaa
US GOV 0.00%

UNITED STATES TREASURY
91282CBD2

0.12%
12/31/22
12/31/22

0.49 12/03/21
12/07/21 585,000.00 $583,766.02
$584,419.49
$578,098.76

98.82 $578,100.74
$1.99 ($6,320.74)1.29%N
--

0.32%

2.51%
--
AA+
Aaa

UNITED STATES TREASURY
91282CBN0

0.12%
02/28/23
02/28/23

0.66 12/03/21
12/07/21 585,000.00 583,308.99
584,086.55
575,150.94

98.32 575,395.35
244.41 (8,935.61)1.29%N
--

0.36%

2.68%
--
AA+
Aaa

UNITED STATES TREASURY
91282CBU4

0.12%
03/31/23
03/31/23

0.74 12/03/21
12/07/21 585,000.00 582,874.81
583,788.77
573,597.18

98.05 573,780.99
183.81 (10,191.59)1.28%N
--

0.40%

2.76%
--
AA+
Aaa

UNITED STATES TREASURY
912828ZP8

0.12%
05/15/23
05/15/23

0.86 12/03/21
12/07/21 585,000.00 582,394.92
583,419.05
571,197.51

97.64 571,290.90

93.39 (12,221.54)1.28%N
--

0.44%

2.87%
--
AA+
Aaa

UNITED STATES TREASURY
912828VB3

1.75%
05/15/23
05/15/23

0.86 03/29/22
03/30/22 1,575,000.00 1,573,215.82
1,573,619.54
1,559,618.55

99.02 1,563,138.76
3,520.21 (14,000.99)3.50%N
--

1.85%

2.89%
--
AA+
Aaa

UNITED STATES TREASURY
912828R69

1.62%
05/31/23
05/31/23

0.90 03/29/22
03/30/22 1,575,000.00 1,570,508.79
1,571,486.97
1,556,851.28

98.85 1,559,019.05
2,167.78 (14,635.69)3.49%N
--

1.87%

2.91%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCK5

0.12%
06/30/23
06/30/23

0.99 12/03/21
12/07/21 655,000.00 651,597.07
652,826.90
637,166.32

97.28 637,168.54

2.22 (15,660.59)1.43%N
--

0.46%

2.91%
--
AA+
Aaa

UNITED STATES TREASURY
912828S35

1.38%
06/30/23
06/30/23

0.98 03/29/22
03/30/22 1,575,000.00 1,563,679.69
1,565,983.39
1,551,313.58

98.50 1,551,372.42

58.85 (14,669.81)3.47%N
--

1.96%

2.91%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
111
Item 4.

Public Trust Advisors 9
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
IdentifierCoupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

UNITED STATES TREASURY
912828S92

1.25%
07/31/23
07/31/23

1.06 03/29/22
03/30/22 1,575,000.00 1,558,573.24
1,561,703.75
1,547,253.22

98.24 1,555,465.41
8,212.19 (14,450.52)3.48%N
--

2.04%

2.91%
--
AA+
Aaa

UNITED STATES TREASURY
91282CAF8

0.12%
08/15/23
08/15/23

1.11 12/03/21
12/07/21 655,000.00 650,727.15
652,156.06
634,556.80

96.88 634,864.39
307.60 (17,599.26)1.42%N
--

0.51%

2.96%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCU3

0.12%
08/31/23
08/31/23

1.15 12/03/21
12/07/21 655,000.00 650,496.88
651,964.67
633,916.86

96.78 634,190.52
273.66 (18,047.81)1.42%N
--

0.52%

2.95%
--
AA+
Aaa

UNITED STATES TREASURY
9128282D1

1.38%
08/31/23
08/31/23

1.14 03/29/22
03/30/22 1,575,000.00 1,559,250.00
1,562,072.25
1,546,698.82

98.20 1,553,937.19
7,238.37 (15,373.43)3.48%N
--

2.09%

2.95%
--
AA+
Aaa

UNITED STATES TREASURY
912828T91

1.62%
10/31/23
10/31/23

1.30 03/29/22
03/30/22 1,690,000.00 1,675,212.50
1,677,583.60
1,661,613.07

98.32 1,666,239.90
4,626.83 (15,970.53)3.73%N
--

2.19%

2.92%
--
AA+
Aaa

UNITED STATES TREASURY
91282CAW1

0.25%
11/15/23
11/15/23

1.35 12/03/21
12/07/21 655,000.00 650,727.15
651,970.38
631,588.99

96.43 631,798.13
209.14 (20,381.39)1.41%N
--

0.59%

2.92%
--
AA+
Aaa

UNITED STATES TREASURY
91282CBA8

0.12%
12/15/23
12/15/23

1.44 12/03/21
12/07/21 615,000.00 608,946.09
610,635.93
590,519.92

96.02 590,553.53

33.61 (20,116.01)1.32%N
--

0.62%

2.93%
--
AA+
Aaa

UNITED STATES TREASURY
912828V23

2.25%
12/31/23
12/31/23

1.46 03/29/22
03/30/22 1,690,000.00 1,689,207.81
1,689,322.75
1,672,836.36

98.98 1,672,939.69
103.33 (16,486.39)3.74%N
--

2.28%

2.95%
--
AA+
Aaa

UNITED STATES TREASURY
912828V80

2.25%
01/31/24
01/31/24

1.53 03/29/22
03/30/22 1,690,000.00 1,687,821.49
1,688,122.98
1,672,043.75

98.94 1,687,905.01
15,861.26 (16,079.23)3.78%N
--

2.32%

2.94%
--
AA+
Aaa

UNITED STATES TREASURY
91282CBM2

0.12%
02/15/24
02/15/24

1.60 12/03/21
12/07/21 615,000.00 607,937.11
609,755.80
587,973.82

95.61 588,262.64
288.81 (21,781.98)1.32%N
--

0.65%

2.91%
--
AA+
Aaa

UNITED STATES TREASURY
91282CBR1

0.25%
03/15/24
03/15/24

1.68 12/03/21
12/07/21 615,000.00 608,946.09
610,450.44
587,661.40

95.55 588,112.63
451.22 (22,789.03)1.32%N
--

0.69%

2.94%
--
AA+
Aaa

UNITED STATES TREASURY
912828W71

2.12%
03/31/24
03/31/24

1.69 03/29/22
03/30/22 1,690,000.00 1,682,210.16
1,683,199.85
1,666,367.04

98.60 1,675,394.23
9,027.19 (16,832.81)3.75%N
--

2.36%

2.95%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCC3

0.25%
05/15/24
05/15/24

1.84 12/03/21
12/07/21 615,000.00 607,720.90
609,405.73
584,994.76

95.12 585,191.13
196.37 (24,410.96)1.31%N
--

0.74%

2.94%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
112
Item 4.

Public Trust Advisors 10
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
IdentifierCoupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

UNITED STATES TREASURY
912828XT2

2.00%
05/31/24
05/31/24

1.86 03/29/22
03/30/22 1,950,000.00 1,932,404.30
1,934,467.86
1,916,331.30

98.27 1,919,634.58
3,303.28 (18,136.56)4.30%N
--

2.43%

2.93%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCG4

0.25%
06/15/24
06/15/24

1.93 12/03/21
12/07/21 550,000.00 543,039.06
544,596.01
522,006.10

94.91 522,066.21

60.11 (22,589.91)1.17%N
--

0.76%

2.94%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCT6

0.38%
08/15/24
08/15/24

2.09 12/03/21
12/07/21 550,000.00 544,048.83
545,297.24
520,759.80

94.68 521,534.66
774.86 (24,537.44)1.17%N
--

0.78%

2.97%
--
AA+
Aaa

UNITED STATES TREASURY
912828D56

2.38%
08/15/24
08/15/24

2.04 03/29/22
03/30/22 1,950,000.00 1,944,820.31
1,945,374.64
1,925,929.20

98.77 1,943,328.37
17,399.17 (19,445.44)4.35%N
--

2.49%

2.98%
--
AA+
Aaa

UNITED STATES TREASURY
91282CCX7

0.38%
09/15/24
09/15/24

2.17 12/03/21
12/07/21 550,000.00 543,576.17
544,882.50
519,578.40

94.47 520,183.70
605.30 (25,304.10)1.16%N
--

0.80%

2.98%
--
AA+
Aaa

UNITED STATES TREASURY
91282CDH1

0.75%
11/15/24
11/15/24

2.32 12/03/21
12/07/21 550,000.00 548,431.64
548,732.46
521,941.20

94.90 522,468.03
526.83 (26,791.26)1.17%N
--

0.85%

2.99%
--
AA+
Aaa

UNITED STATES TREASURY
9128283J7

2.12%
11/30/24
11/30/24

2.33 03/29/22
03/30/22 2,025,000.00 2,003,800.78
2,005,820.79
1,984,894.88

98.02 1,988,539.60
3,644.72 (20,925.91)4.45%N
--

2.53%

2.98%
--
AA+
Aaa

UNITED STATES TREASURY
9128283P3

2.25%
12/31/24
12/31/24

2.41 03/29/22
03/30/22 2,025,000.00 2,010,049.80
2,011,430.50
1,989,167.62

98.23 1,989,291.44
123.81 (22,262.88)4.45%N
--

2.53%

2.99%
--
AA+
Aaa

UNITED STATES TREASURY
91282CED9

1.75%
03/15/25
03/15/25

2.60 03/29/22
03/30/22 2,025,000.00 1,980,228.53
1,984,080.28
1,959,819.30

96.78 1,970,219.44
10,400.14 (24,260.98)4.41%N
--

2.53%

3.00%
--
AA+
Aaa

US GOV TOTAL
02/09/24
02/09/24

1.57 --
--34,230,000.00 $33,979,522.10
$34,022,657.14
$33,481,446.74

97.83 $33,571,387.18
$89,940.45 ($541,210.41)75.15%N
--

1.80%

2.93%
--
AA+
Aaa
GSE 0.00%

FEDERAL HOME LOAN BANKS
3130A0F70

3.38%
12/08/23
12/08/23

1.39 06/28/22
06/29/22 1,350,000.00 $1,354,387.50
$1,354,370.85
$1,357,665.88
100.57
$1,360,576.82
$2,910.94 $3,295.03 3.05%N
--

3.14%

2.97%
--
AA+
Aaa

FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENYH7

2.62%
06/10/24
06/10/24

1.88 06/28/22
06/29/22 1,350,000.00 1,335,136.50
1,335,178.25
1,340,527.71

99.30 1,342,594.90
2,067.19 5,349.46 3.01%N
--

3.21%

3.00%
--
AA+
Aaa
Portfolio Holdings
Supporting Reports
113
Item 4.

Public Trust Advisors 11
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
IdentifierCoupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

FEDERAL HOME LOAN BANKS
3130ASHK8

3.12%
06/14/24
06/14/24

1.88 06/27/22
06/28/22 1,350,000.00 1,347,907.50
1,347,916.26
1,352,467.25
100.18
1,353,639.12
1,171.88 4,550.99 3.03%N
--

3.21%

3.03%
--
AA+
Aaa

GSE TOTAL
04/10/24
04/10/24

1.72 --
--4,050,000.00 $4,037,431.50
$4,037,465.36
$4,050,660.84
100.02
$4,056,810.84
$6,150.00 $13,195.48 9.08%N
--

3.19%

3.00%
--
AA+
Aaa
CORP 0.00%

TOYOTA MOTOR CREDIT
CORP
89236TGL3

2.00%
10/07/24
10/07/24

2.18 06/23/22
06/27/22 1,000,000.00 $968,820.00
$968,969.72
$967,488.45

96.75 $972,155.12
$4,666.67 ($1,481.27)2.18%N
--

3.43%

3.50%
--
A+
A1

CHEVRON USA INC
166756AP1

3.90%
08/15/24
11/15/24

2.09 06/21/22
06/23/22 1,000,000.00 1,006,190.00
1,006,126.84
1,012,198.04
101.22
1,017,181.37
4,983.33 6,071.20 2.28%Y
08/15/24

3.60%

3.36%

3.30%
AA-
Aa2
AMAZON.COM INC
023135CE4

3.00%
04/13/25
04/13/25

2.63 06/21/22
06/23/22 1,000,000.00 984,380.00
984,501.91
990,751.79

99.08 997,251.79
6,500.00 6,249.88 2.23%N
--

3.59%

3.35%
--
AA
A1

APPLE INC
037833DT4

1.12%
05/11/25
05/11/25

2.78 06/23/22
06/27/22 1,000,000.00 939,270.00
939,501.57
939,518.51

93.95 941,081.01
1,562.50 16.94 2.11%Y
04/11/25

3.36%

3.42%
AA+
Aaa

CATERPILLAR FINANCIAL

SERVICES CORP
14913R2V8

3.40%
05/13/25
05/13/25

2.70 06/21/22
06/23/22 1,000,000.00 991,310.00
991,375.90
998,323.43

99.83 1,002,856.76
4,533.33 6,947.53 2.24%N
--

3.72%

3.46%
--
A
A2

CORP TOTAL
01/28/25
02/16/25

2.47 --
--5,000,000.00 $4,889,970.00
$4,890,475.94
$4,908,280.22

98.24 $4,930,526.05
$22,245.83 $17,804.28 11.04%--

3.54%

3.41%

3.36%
AA-
A1

PORTFOLIO TOTAL
02/26/24
02/28/24

1.61 --
--45,396,024.89 $45,022,948.49
$45,066,623.33
$44,556,412.68

93.49 $44,674,748.97
$118,336.28 ($510,210.65)100.00%--

2.08%

2.99%

3.36%
AA+
Aa1
Portfolio Holdings
Supporting Reports
114
Item 4.

Public Trust Advisors 12
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

CHEVRON USA INC
166756AP1
1,000,000.00 Buy 06/21/22 06/23/22 100.619 $1,006,190.00 $0.00 TDS ($1,010,306.67)

UNITED STATES TREASURY
912828V80
1,690,000.00 Buy 03/29/22 03/30/22 99.871 1,687,821.49 0.00 Wells (1,693,913.89)

APPLE INC
037833DT4
1,000,000.00 Buy 06/23/22 06/27/22 93.927 939,270.00 0.00 PIPERJAFF (940,707.50)

UNITED STATES TREASURY
91282CCT6
550,000.00 Buy 12/03/21 12/07/21 98.918 544,048.83 0.00 RBC (544,687.76)

UNITED STATES TREASURY
91282CCC3
615,000.00 Buy 12/03/21 12/07/21 98.816 607,720.90 0.00 CITIGROUP (607,814.34)

UNITED STATES TREASURY
91282CCX7
550,000.00 Buy 12/03/21 12/07/21 98.832 543,576.17 0.00 Wells (544,049.06)

TOYOTA MOTOR CREDIT CORP
89236TGL3
1,000,000.00 Buy 06/23/22 06/27/22 96.882 968,820.00 0.00 RBC (973,264.44)

FEDERAL HOME LOAN BANKS
3130ASHK8
1,350,000.00 Buy 06/27/22 06/28/22 99.845 1,347,907.50 0.00 MSSB (1,348,727.81)

UNITED STATES TREASURY
91282CBN0
585,000.00 Buy 12/03/21 12/07/21 99.711 583,308.99 0.00 Wells (583,506.95)

UNITED STATES TREASURY
912828S35
1,575,000.00 Buy 03/29/22 03/30/22 99.281 1,563,679.69 0.00 BAML (1,569,004.02)

UNITED STATES TREASURY
9128282D1
1,575,000.00 Buy 03/29/22 03/30/22 99.000 1,559,250.00 0.00 BAML (1,561,015.46)

UNITED STATES TREASURY
91282CAW1
655,000.00 Buy 12/03/21 12/07/21 99.348 650,727.15 0.00 CITIGROUP (650,826.67)

UNITED STATES TREASURY
91282CCK5
655,000.00 Buy 12/03/21 12/07/21 99.480 651,597.07 0.00 Wells (651,953.05)

UNITED STATES TREASURY
912828V23
1,690,000.00 Buy 03/29/22 03/30/22 99.953 1,689,207.81 0.00 BAML (1,698,556.50)

UNITED STATES TREASURY
912828XT2
1,950,000.00 Buy 03/29/22 03/30/22 99.098 1,932,404.30 0.00 BAML (1,945,261.44)

FEDERAL FARM CREDIT BANKS FUNDING CORP
3133ENYH7
1,350,000.00 Buy 06/28/22 06/29/22 98.899 1,335,136.50 0.00 Wells (1,337,006.81)

UNITED STATES TREASURY
91282CAF8
655,000.00 Buy 12/03/21 12/07/21 99.348 650,727.15 0.00 RBC (650,980.78)

UNITED STATES TREASURY
9128283P3
2,025,000.00 Buy 03/29/22 03/30/22 99.262 2,010,049.80 0.00 JP Morgan (2,021,251.63)

UNITED STATES TREASURY
91282CCG4
550,000.00 Buy 12/03/21 12/07/21 98.734 543,039.06 0.00 Wells (543,696.51) Transactions
115
Item 4.

Public Trust Advisors 13
12/02/2021 to 06/30/2022
City of Beaumont, CA
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

UNITED STATES TREASURY
91282CBD2
585,000.00 Buy 12/03/21 12/07/21 99.789 583,766.02 0.00 Wells (584,083.95)

CATERPILLAR FINANCIAL SERVICES CORP
14913R2V8
1,000,000.00 Buy 06/21/22 06/23/22 99.131 991,310.00 0.00 STIFEL (995,087.78)

UNITED STATES TREASURY
912828W71
1,690,000.00 Buy 03/29/22 03/30/22 99.539 1,682,210.16 0.00 CITIGROUP (1,700,067.75)

UNITED STATES TREASURY
912828VB3
1,575,000.00 Buy 03/29/22 03/30/22 99.887 1,573,215.82 0.00 JP Morgan (1,583,494.65)

UNITED STATES TREASURY
91282CDH1
550,000.00 Buy 12/03/21 12/07/21 99.715 548,431.64 0.00 Wells (548,682.33)

UNITED STATES TREASURY
91282CBA8
615,000.00 Buy 12/03/21 12/07/21 99.016 608,946.09 0.00 Wells (609,313.66)

UNITED STATES TREASURY
91282CCU3
655,000.00 Buy 12/03/21 12/07/21 99.313 650,496.88 0.00 Wells (650,718.53)

UNITED STATES TREASURY
912828S92
1,575,000.00 Buy 03/29/22 03/30/22 98.957 1,558,573.24 0.00 BAML (1,561,727.59)

FEDERAL HOME LOAN BANKS
3130A0F70
1,350,000.00 Buy 06/28/22 06/29/22 100.325 1,354,387.50 0.00 CITIGROUP (1,357,045.31)

UNITED STATES TREASURY
912828ZP8
585,000.00 Buy 12/03/21 12/07/21 99.555 582,394.92 0.00 CITIGROUP (582,439.36)

UNITED STATES TREASURY
91282CBR1
615,000.00 Buy 12/03/21 12/07/21 99.016 608,946.09 0.00 CITIGROUP (609,298.61)

UNITED STATES TREASURY
91282CED9
2,025,000.00 Buy 03/29/22 03/30/22 97.789 1,980,228.53 0.00 CITIGROUP (1,981,672.99)

UNITED STATES TREASURY
912828D56
1,950,000.00 Buy 03/29/22 03/30/22 99.734 1,944,820.31 0.00 BAML (1,950,321.52)

UNITED STATES TREASURY
912828R69
1,575,000.00 Buy 03/29/22 03/30/22 99.715 1,570,508.79 0.00 MSSB (1,578,946.29)

UNITED STATES TREASURY
91282CBM2
615,000.00 Buy 12/03/21 12/07/21 98.852 607,937.11 0.00 RBC (608,175.26)

UNITED STATES TREASURY
912828T91
1,690,000.00 Buy 03/29/22 03/30/22 99.125 1,675,212.50 0.00 BAML (1,686,591.99)

UNITED STATES TREASURY
9128283J7
2,025,000.00 Buy 03/29/22 03/30/22 98.953 2,003,800.78 0.00 BAML (2,017,986.91) AMAZON.COM INC
023135CE4
1,000,000.00 Buy 06/21/22 06/23/22 98.438 984,380.00 0.00 US Bank (990,213.33)

UNITED STATES TREASURY
91282CBU4
585,000.00 Buy 12/03/21 12/07/21 99.637 582,874.81 0.00 CITIGROUP (583,011.42) Buy Total $42,906,923.60 $0.00 ($43,055,410.52)
Transactions
116
Item 4.

Public Trust Advisors 14
12/02/2021 to 06/30/2022
City of Beaumont, CA
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
AMAZON.COM INC
023135CE4
04/13/25 1,000,000.00 $666.67 $0.00
$0.00
$121.91 $0.00 $0.00 $788.58 $0.00
$0.00

APPLE INC
037833DT4
05/11/25 1,000,000.00 125.00 0.00

0.00 231.57 0.00 0.00 356.57 0.00

0.00 CATERPILLAR FINANCIAL SERVICES CORP
14913R2V8
05/13/25 1,000,000.00 755.55 0.00

0.00 65.90 0.00 0.00 821.45 0.00

0.00 CHEVRON USA INC
166756AP1
11/15/24 1,000,000.00 866.66 0.00

0.00 0.00 (63.16)0.00 803.50 0.00

0.00 FEDERAL HOME LOAN BANKS
3130A0F70
12/08/23 1,350,000.00 253.13 0.00

0.00 0.00 (16.65)0.00 236.48 0.00

0.00 FEDERAL HOME LOAN BANKS
3130ASHK8
06/14/24 1,350,000.00 351.56 0.00

0.00 8.76 0.00 0.00 360.32 0.00

0.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
3133ENYH7
06/10/24 1,350,000.00 196.88 0.00

0.00 41.75 0.00 0.00 238.63 0.00

0.00 FIRST AMER:TRS OBG Y
31846V807
06/30/22 2,110,819.32 8,168.22 0.00

0.00 0.00 0.00 0.00 8,168.22 2,965.11
5,205.57

TOYOTA MOTOR CREDIT CORP
89236TGL3
10/07/24 1,000,000.00 222.23 0.00

0.00 149.72 0.00 0.00 371.95 0.00

0.00 UNITED STATES TREASURY
9128282D1
08/31/23 1,575,000.00 5,472.91 0.00

0.00 2,822.25 0.00 0.00 8,295.16 0.00

0.00 UNITED STATES TREASURY
9128283J7
11/30/24 2,025,000.00 10,974.22 0.00

0.00 2,020.01 0.00 0.00 12,994.23 21,515.63

0.00 UNITED STATES TREASURY
9128283P3
12/31/24 2,025,000.00 11,703.23 0.00

0.00 1,380.70 0.00 0.00 13,083.93 22,781.25

0.00 UNITED STATES TREASURY
912828D56
08/15/24 1,950,000.00 11,897.96 0.00

0.00 554.33 0.00 0.00 12,452.29 0.00

0.00 UNITED STATES TREASURY
912828R69
05/31/23 1,575,000.00 6,527.16 0.00

0.00 978.18 0.00 0.00 7,505.34 12,796.88

0.00 UNITED STATES TREASURY
912828S35
06/30/23 1,575,000.00 5,562.65 0.00

0.00 2,303.70 0.00 0.00 7,866.34 10,828.13

0.00 UNITED STATES TREASURY
912828S92
07/31/23 1,575,000.00 5,057.84 0.00

0.00 3,130.51 0.00 0.00 8,188.35 0.00

0.00 UNITED STATES TREASURY
912828T91
10/31/23 1,690,000.00 6,978.59 0.00

0.00 2,371.10 0.00 0.00 9,349.69 13,731.25

0.00 UNITED STATES TREASURY
912828V23
12/31/23 1,690,000.00 9,767.14 0.00

0.00 114.94 0.00 0.00 9,882.07 19,012.50

0.00 UNITED STATES TREASURY
912828V80
01/31/24 1,690,000.00 9,768.86 0.00

0.00 301.49 0.00 0.00 10,070.35 0.00

0.00 117
Item 4.

Public Trust Advisors 15
12/02/2021 to 06/30/2022
City of Beaumont, CA
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
912828VB3
05/15/23 1,575,000.00 7,022.63 0.00

0.00 403.72 0.00 0.00 7,426.35 13,781.25

0.00 UNITED STATES TREASURY
912828W71
03/31/24 1,690,000.00 9,125.85 0.00

0.00 989.69 0.00 0.00 10,115.54 17,956.25

0.00 UNITED STATES TREASURY
912828XT2
05/31/24 1,950,000.00 9,946.14 0.00

0.00 2,063.56 0.00 0.00 12,009.69 19,500.00

0.00 UNITED STATES TREASURY
912828ZP8
05/15/23 585,000.00 414.58 0.00

0.00 1,024.13 0.00 0.00 1,438.72 365.63

0.00 UNITED STATES TREASURY
91282CAF8
08/15/23 655,000.00 463.35 0.00

0.00 1,428.91 0.00 0.00 1,892.25 409.38

0.00 UNITED STATES TREASURY
91282CAW1
11/15/23 655,000.00 928.37 0.00

0.00 1,243.23 0.00 0.00 2,171.60 818.75

0.00 UNITED STATES TREASURY
91282CBA8
12/15/23 615,000.00 434.80 0.00

0.00 1,689.84 0.00 0.00 2,124.64 768.76

0.00 UNITED STATES TREASURY
91282CBD2
12/31/22 585,000.00 415.32 0.00

0.00 653.47 0.00 0.00 1,068.79 731.26

0.00 UNITED STATES TREASURY
91282CBM2
02/15/24 615,000.00 435.04 0.00

0.00 1,818.69 0.00 0.00 2,253.74 384.38

0.00 UNITED STATES TREASURY
91282CBN0
02/28/23 585,000.00 412.08 0.00

0.00 777.56 0.00 0.00 1,189.64 365.63

0.00 UNITED STATES TREASURY
91282CBR1
03/15/24 615,000.00 867.45 0.00

0.00 1,504.35 0.00 0.00 2,371.80 768.75

0.00 UNITED STATES TREASURY
91282CBU4
03/31/23 585,000.00 412.82 0.00

0.00 913.96 0.00 0.00 1,326.79 365.62

0.00 UNITED STATES TREASURY
91282CCC3
05/15/24 615,000.00 871.68 0.00

0.00 1,684.83 0.00 0.00 2,556.50 768.75

0.00 UNITED STATES TREASURY
91282CCG4
06/15/24 550,000.00 777.66 0.00

0.00 1,556.95 0.00 0.00 2,334.61 1,375.00

0.00 UNITED STATES TREASURY
91282CCK5
06/30/23 655,000.00 465.00 0.00

0.00 1,229.83 0.00 0.00 1,694.84 818.76

0.00 UNITED STATES TREASURY
91282CCT6
08/15/24 550,000.00 1,167.18 0.00

0.00 1,248.41 0.00 0.00 2,415.59 1,031.25

0.00 UNITED STATES TREASURY
91282CCU3
08/31/23 655,000.00 461.39 0.00

0.00 1,467.79 0.00 0.00 1,929.18 409.38

0.00 UNITED STATES TREASURY
91282CCX7
09/15/24 550,000.00 1,163.66 0.00

0.00 1,306.33 0.00 0.00 2,469.99 1,031.25

0.00 UNITED STATES TREASURY
91282CDH1
11/15/24 550,000.00 2,338.64 0.00

0.00 300.82 0.00 0.00 2,639.47 2,062.50

0.00 118
Item 4.

Public Trust Advisors 16
12/02/2021 to 06/30/2022
City of Beaumont, CA
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
91282CED9
03/15/25 2,025,000.00 8,955.68 0.00

0.00 3,851.75 0.00 0.00 12,807.43 0.00

0.00 Receivable
CCYUSD
06/30/22 5,205.57 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 Portfolio Total 02/28/24 45,396,024.89 $142,395.77 $0.00 $0.00 $43,754.65 ($79.81)$0.00 $186,070.61 $167,343.30 $5,205.57
119
Item 4.

Public Trust Advisors 17
12/02/2021 to 06/30/2022
City of Beaumont, CA
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Amazon.com, Inc.

Amazon.com, Inc.
023135CE4
CORP

2.23%

3.59%

3.35%2.63 AA
A1
04/13/25
04/13/25 1,000,000.00 $6,500.00 $984,501.91
$991,001.91
$990,751.79
$997,251.79
Amazon.com, Inc.

2.23%

3.59%

3.35%2.63 AA
A1 1,000,000.00 $6,500.00 $984,501.91
$991,001.91
$990,751.79
$997,251.79
Apple Inc.

Apple Inc.
037833DT4
CORP

2.11%

3.36%

3.36%2.78 AA+
Aaa
05/11/25
05/11/25 1,000,000.00 $1,562.50 $939,501.57
$941,064.07
$939,518.51
$941,081.01
Apple Inc.

2.11%

3.36%

3.36%2.78 AA+
Aaa 1,000,000.00 $1,562.50 $939,501.57
$941,064.07
$939,518.51
$941,081.01
Caterpillar Financial Services
Corporation
Caterpillar Financial Services
Corporation
14913R2V8
CORP

2.25%

3.72%

3.46%2.70 A
A2
05/13/25
05/13/25 1,000,000.00 $4,533.33 $991,375.90
$995,909.23
$998,323.43
$1,002,856.76
Caterpillar Financial Services
Corporation 2.25%

3.72%

3.46%2.70 A
A2 1,000,000.00 $4,533.33 $991,375.90
$995,909.23
$998,323.43
$1,002,856.76
Chevron U.S.A. Inc.

Chevron U.S.A. Inc.
166756AP1
CORP

2.28%

3.60%

3.30%2.09 AA-
Aa2
08/15/24
11/15/24 1,000,000.00 $4,983.33 $1,006,126.84
$1,011,110.17
$1,012,198.04
$1,017,181.37
Chevron U.S.A. Inc.

2.28%

3.60%

3.30%2.09 AA-
Aa2 1,000,000.00 $4,983.33 $1,006,126.84
$1,011,110.17
$1,012,198.04
$1,017,181.37
Federal Farm Credit Banks
Funding Corporation
Federal Farm Credit Banks
Funding Corporation
3133ENYH7
GSE

3.01%

3.21%

3.00%1.88 AA+
Aaa
06/10/24
06/10/24 1,350,000.00 $2,067.19 $1,335,178.25
$1,337,245.44
$1,340,527.71
$1,342,594.90
Federal Farm Credit Banks
Funding Corporation 3.01%

3.21%

3.00%1.88 AA+
Aaa 1,350,000.00 $2,067.19 $1,335,178.25
$1,337,245.44
$1,340,527.71
$1,342,594.90
Federal Home Loan Banks
Federal Home Loan Banks
3130A0F70
GSE

3.05%

3.14%

2.97%1.39 AA+
Aaa
12/08/23
12/08/23 1,350,000.00 $2,910.94 $1,354,370.85
$1,357,281.79
$1,357,665.88
$1,360,576.82
120
Item 4.

Public Trust Advisors 18
12/02/2021 to 06/30/2022
City of Beaumont, CA
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Federal Home Loan Banks
3130ASHK8
GSE

3.03%

3.21%

3.03%1.88 AA+
Aaa
06/14/24
06/14/24 1,350,000.00 1,171.88 1,347,916.26
1,349,088.13
1,352,467.25
1,353,639.12
Federal Home Loan Banks

6.08%

3.17%

3.00%1.64 AA+
Aaa 2,700,000.00 $4,082.81 $2,702,287.10
$2,706,369.92
$2,710,133.13
$2,714,215.94
First American Funds, Inc. -
Treasury Obligations Fund
First American Funds, Inc. -
Treasury Obligations Fund
31846V807
MMFUND

4.73%

1.01%

1.01%0.00 AAAm
Aaa
06/30/22
06/30/22 2,110,819.32 $0.00 $2,110,819.32
$2,110,819.32
$2,110,819.32
$2,110,819.32
First American Funds, Inc. -
Treasury Obligations Fund 4.73%

1.01%

1.01%0.00 AAAm
Aaa 2,110,819.32 $0.00 $2,110,819.32
$2,110,819.32
$2,110,819.32
$2,110,819.32
Toyota Motor Credit
Corporation
Toyota Motor Credit
Corporation
89236TGL3
CORP

2.18%

3.43%

3.50%2.18 A+
A1
10/07/24
10/07/24 1,000,000.00 $4,666.67 $968,969.72
$973,636.39
$967,488.45
$972,155.12
Toyota Motor Credit
Corporation 2.18%

3.43%

3.50%2.18 A+
A1 1,000,000.00 $4,666.67 $968,969.72
$973,636.39
$967,488.45
$972,155.12
United States Department of
The Treasury
United States Department of
The Treasury
91282CBD2
US GOV

1.29%

0.32%

2.51%0.49 AA+
Aaa
12/31/22
12/31/22 585,000.00 $1.99 $584,419.49
$584,421.48
$578,098.76
$578,100.74
United States Department of
The Treasury
91282CBN0
US GOV

1.29%

0.36%

2.68%0.66 AA+
Aaa
02/28/23
02/28/23 585,000.00 244.41 584,086.55
584,330.96
575,150.94
575,395.35
United States Department of
The Treasury
91282CBU4
US GOV

1.28%

0.40%

2.76%0.74 AA+
Aaa
03/31/23
03/31/23 585,000.00 183.81 583,788.77
583,972.59
573,597.18
573,780.99
United States Department of
The Treasury
912828ZP8
US GOV

1.28%

0.44%

2.87%0.86 AA+
Aaa
05/15/23
05/15/23 585,000.00 93.39 583,419.05
583,512.45
571,197.51
571,290.90
United States Department of
The Treasury
912828VB3
US GOV

3.50%

1.85%

2.89%0.86 AA+
Aaa
05/15/23
05/15/23 1,575,000.00 3,520.21 1,573,619.54
1,577,139.75
1,559,618.55
1,563,138.76
121
Item 4.

Public Trust Advisors 19
12/02/2021 to 06/30/2022
City of Beaumont, CA
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
United States Department of
The Treasury
912828R69
US GOV

3.49%

1.87%

2.91%0.90 AA+
Aaa
05/31/23
05/31/23 1,575,000.00 2,167.78 1,571,486.97
1,573,654.75
1,556,851.28
1,559,019.05
United States Department of
The Treasury
91282CCK5
US GOV

1.43%

0.46%

2.91%0.99 AA+
Aaa
06/30/23
06/30/23 655,000.00 2.22 652,826.90
652,829.13
637,166.32
637,168.54
United States Department of
The Treasury
912828S35
US GOV

3.47%

1.96%

2.91%0.98 AA+
Aaa
06/30/23
06/30/23 1,575,000.00 58.85 1,565,983.39
1,566,042.23
1,551,313.58
1,551,372.42
United States Department of
The Treasury
912828S92
US GOV

3.48%

2.04%

2.91%1.06 AA+
Aaa
07/31/23
07/31/23 1,575,000.00 8,212.19 1,561,703.75
1,569,915.94
1,547,253.22
1,555,465.41
United States Department of
The Treasury
91282CAF8
US GOV

1.42%

0.51%

2.96%1.11 AA+
Aaa
08/15/23
08/15/23 655,000.00 307.60 652,156.06
652,463.65
634,556.80
634,864.39
United States Department of
The Treasury
91282CCU3
US GOV

1.42%

0.52%

2.95%1.15 AA+
Aaa
08/31/23
08/31/23 655,000.00 273.66 651,964.67
652,238.33
633,916.86
634,190.52
United States Department of
The Treasury
9128282D1
US GOV

3.48%

2.09%

2.95%1.14 AA+
Aaa
08/31/23
08/31/23 1,575,000.00 7,238.37 1,562,072.25
1,569,310.62
1,546,698.82
1,553,937.19
United States Department of
The Treasury
912828T91
US GOV

3.73%

2.19%

2.92%1.30 AA+
Aaa
10/31/23
10/31/23 1,690,000.00 4,626.83 1,677,583.60
1,682,210.43
1,661,613.07
1,666,239.90
United States Department of
The Treasury
91282CAW1
US GOV

1.41%

0.59%

2.92%1.35 AA+
Aaa
11/15/23
11/15/23 655,000.00 209.14 651,970.38
652,179.52
631,588.99
631,798.13
United States Department of
The Treasury
91282CBA8
US GOV

1.32%

0.62%

2.93%1.44 AA+
Aaa
12/15/23
12/15/23 615,000.00 33.61 610,635.93
610,669.54
590,519.92
590,553.53
United States Department of
The Treasury
912828V23
US GOV

3.75%

2.28%

2.95%1.46 AA+
Aaa
12/31/23
12/31/23 1,690,000.00 103.33 1,689,322.75
1,689,426.07
1,672,836.36
1,672,939.69
United States Department of
The Treasury
912828V80
US GOV

3.78%

2.32%

2.94%1.53 AA+
Aaa
01/31/24
01/31/24 1,690,000.00 15,861.26 1,688,122.98
1,703,984.24
1,672,043.75
1,687,905.01
United States Department of
The Treasury
91282CBM2
US GOV

1.32%

0.65%

2.91%1.60 AA+
Aaa
02/15/24
02/15/24 615,000.00 288.81 609,755.80
610,044.62
587,973.82
588,262.64
United States Department of
The Treasury
91282CBR1
US GOV

1.32%

0.69%

2.94%1.68 AA+
Aaa
03/15/24
03/15/24 615,000.00 451.22 610,450.44
610,901.66
587,661.40
588,112.63
122
Item 4.

Public Trust Advisors 20
12/02/2021 to 06/30/2022
City of Beaumont, CA
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
United States Department of
The Treasury
912828W71
US GOV

3.75%

2.36%

2.95%1.69 AA+
Aaa
03/31/24
03/31/24 1,690,000.00 9,027.19 1,683,199.85
1,692,227.04
1,666,367.04
1,675,394.23
United States Department of
The Treasury
91282CCC3
US GOV

1.31%

0.74%

2.94%1.84 AA+
Aaa
05/15/24
05/15/24 615,000.00 196.37 609,405.73
609,602.09
584,994.76
585,191.13
United States Department of
The Treasury
912828XT2
US GOV

4.30%

2.43%

2.93%1.86 AA+
Aaa
05/31/24
05/31/24 1,950,000.00 3,303.28 1,934,467.86
1,937,771.13
1,916,331.30
1,919,634.58
United States Department of
The Treasury
91282CCG4
US GOV

1.17%

0.76%

2.94%1.93 AA+
Aaa
06/15/24
06/15/24 550,000.00 60.11 544,596.01
544,656.12
522,006.10
522,066.21
United States Department of
The Treasury
91282CCT6
US GOV

1.17%

0.78%

2.97%2.09 AA+
Aaa
08/15/24
08/15/24 550,000.00 774.86 545,297.24
546,072.10
520,759.80
521,534.66
United States Department of
The Treasury
912828D56
US GOV

4.35%

2.49%

2.98%2.04 AA+
Aaa
08/15/24
08/15/24 1,950,000.00 17,399.17 1,945,374.64
1,962,773.81
1,925,929.20
1,943,328.37
United States Department of
The Treasury
91282CCX7
US GOV

1.16%

0.80%

2.98%2.17 AA+
Aaa
09/15/24
09/15/24 550,000.00 605.30 544,882.50
545,487.80
519,578.40
520,183.70
United States Department of
The Treasury
91282CDH1
US GOV

1.17%

0.85%

2.99%2.32 AA+
Aaa
11/15/24
11/15/24 550,000.00 526.83 548,732.46
549,259.30
521,941.20
522,468.03
United States Department of
The Treasury
9128283J7
US GOV

4.45%

2.53%

2.98%2.33 AA+
Aaa
11/30/24
11/30/24 2,025,000.00 3,644.72 2,005,820.79
2,009,465.51
1,984,894.88
1,988,539.60
United States Department of
The Treasury
9128283P3
US GOV

4.45%

2.53%

2.99%2.41 AA+
Aaa
12/31/24
12/31/24 2,025,000.00 123.81 2,011,430.50
2,011,554.31
1,989,167.62
1,989,291.44
United States Department of
The Treasury
91282CED9
US GOV

4.41%

2.53%

3.00%2.60 AA+
Aaa
03/15/25
03/15/25 2,025,000.00 10,400.14 1,984,080.28
1,994,480.42
1,959,819.30
1,970,219.44
United States Department of
The Treasury 75.15%

1.80%

2.93%1.57 AA+
Aaa 34,230,000.00 $89,940.45 $34,022,657.14
$34,112,597.59
$33,481,446.74
$33,571,387.18
Portfolio Total
100.00%

2.08%

2.90%1.61 AA+
Aa1
02/26/24
02/28/24 45,390,819.32 $118,336.28 $45,061,417.76
$45,179,754.04
$44,551,207.11
$44,669,543.40
123
Item 4.

Public Trust Advisors 21
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Cash
CCYUSD
CASH
06/30/22
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$29,998,886.54
$0.00
$0.00
$0.00
$0.00
$0.00
Receivable
CCYUSD
CASH
06/30/22

0.00 0.00

0.00 5,205.57
5,205.57
5,205.57
FIRST AMER:TRS OBG Y
31846V807
MMFUND
06/30/22
15,000,000.00
15,000,000.00
15,000,000.00
32,188,594.94

0.00 (45,077,775.62)

0.00 0.00

0.00 2,965.11

0.00 0.00

0.00 2,110,819.32
2,110,819.32
2,110,819.32

TOYOTA MOTOR CREDIT
CORP
89236TGL3
CORP
10/07/24

0.00 0.00

0.00 968,820.00
(4,444.44)

0.00 0.00

0.00 (1,481.27)
968,820.00
967,488.45
968,969.72

CHEVRON USA INC
166756AP1
CORP
11/15/24

0.00 0.00

0.00 1,006,190.00
(4,116.67)

0.00 0.00

0.00 6,071.20
1,006,190.00
1,012,198.04
1,006,126.84
AMAZON.COM INC
023135CE4
CORP
04/13/25

0.00 0.00

0.00 984,380.00
(5,833.33)

0.00 0.00

0.00 6,249.88
984,380.00
990,751.79
984,501.91

APPLE INC
037833DT4
CORP
05/11/25

0.00 0.00

0.00 939,270.00
(1,437.50)

0.00 0.00

0.00 16.94
939,270.00
939,518.51
939,501.57

CATERPILLAR FINANCIAL

SERVICES CORP
14913R2V8
CORP
05/13/25

0.00 0.00

0.00 991,310.00
(3,777.78)

0.00 0.00

0.00 6,947.53
991,310.00
998,323.43
991,375.90

FEDERAL HOME LOAN BANKS
3130A0F70
GSE
12/08/23

0.00 0.00

0.00 1,354,387.50
(2,657.81)

0.00 0.00

0.00 3,295.03
1,354,387.50
1,357,665.88
1,354,370.85

FEDERAL FARM CREDIT

BANKS FUNDING CORP
3133ENYH7
GSE
06/10/24

0.00 0.00

0.00 1,335,136.50
(1,870.31)

0.00 0.00

0.00 5,349.46
1,335,136.50
1,340,527.71
1,335,178.25

FEDERAL HOME LOAN BANKS
3130ASHK8
GSE
06/14/24

0.00 0.00

0.00 1,347,907.50
(820.31)

0.00 0.00

0.00 4,550.99
1,347,907.50
1,352,467.25
1,347,916.26

UNITED STATES TREASURY
91282CBD2
US GOV
12/31/22

0.00 0.00

0.00 583,766.02
(317.93)

0.00 0.00

0.00 0.00
731.26

0.00 0.00
(6,320.74)
583,766.02
578,098.76
584,419.49

UNITED STATES TREASURY
91282CBN0
US GOV
02/28/23

0.00 0.00

0.00 583,308.99
(197.96)

0.00 0.00

0.00 0.00
365.63

0.00 0.00
(8,935.61)
583,308.99
575,150.94
584,086.55
124
Item 4.

Public Trust Advisors 22
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES TREASURY
91282CBU4
US GOV
03/31/23

0.00 0.00

0.00 582,874.81
(136.61)

0.00 0.00

0.00 0.00
365.62

0.00 0.00
(10,191.59)
582,874.81
573,597.18
583,788.77

UNITED STATES TREASURY
912828ZP8
US GOV
05/15/23

0.00 0.00

0.00 582,394.92
(44.44)

0.00 0.00

0.00 0.00
365.63

0.00 0.00
(12,221.54)
582,394.92
571,197.51
583,419.05

UNITED STATES TREASURY
912828VB3
US GOV
05/15/23

0.00 0.00

0.00 1,573,215.82
(10,278.83)

0.00 0.00

0.00 0.00
13,781.25

0.00 0.00
(14,000.99)
1,573,215.82
1,559,618.55
1,573,619.54

UNITED STATES TREASURY
912828R69
US GOV
05/31/23

0.00 0.00

0.00 1,570,508.79
(8,437.50)

0.00 0.00

0.00 0.00
12,796.88

0.00 0.00
(14,635.69)
1,570,508.79
1,556,851.28
1,571,486.97

UNITED STATES TREASURY
91282CCK5
US GOV
06/30/23

0.00 0.00

0.00 651,597.07
(355.98)

0.00 0.00

0.00 0.00
818.76

0.00 0.00
(15,660.59)
651,597.07
637,166.32
652,826.90

UNITED STATES TREASURY
912828S35
US GOV
06/30/23

0.00 0.00

0.00 1,563,679.69
(5,324.33)

0.00 0.00

0.00 0.00
10,828.13

0.00 0.00
(14,669.81)
1,563,679.69
1,551,313.58
1,565,983.39

UNITED STATES TREASURY
912828S92
US GOV
07/31/23

0.00 0.00

0.00 1,558,573.24
(3,154.35)

0.00 0.00

0.00 (14,450.52)
1,558,573.24
1,547,253.22
1,561,703.75

UNITED STATES TREASURY
91282CAF8
US GOV
08/15/23

0.00 0.00

0.00 650,727.15
(253.63)

0.00 0.00

0.00 0.00
409.38

0.00 0.00
(17,599.26)
650,727.15
634,556.80
652,156.06

UNITED STATES TREASURY
91282CCU3
US GOV
08/31/23

0.00 0.00

0.00 650,496.88
(221.65)

0.00 0.00

0.00 0.00
409.38

0.00 0.00
(18,047.81)
650,496.88
633,916.86
651,964.67

UNITED STATES TREASURY
9128282D1
US GOV
08/31/23

0.00 0.00

0.00 1,559,250.00
(1,765.46)

0.00 0.00

0.00 (15,373.43)
1,559,250.00
1,546,698.82
1,562,072.25

UNITED STATES TREASURY
912828T91
US GOV
10/31/23

0.00 0.00

0.00 1,675,212.50
(11,379.49)

0.00 0.00

0.00 0.00
13,731.25

0.00 0.00
(15,970.53)
1,675,212.50
1,661,613.07
1,677,583.60

UNITED STATES TREASURY
91282CAW1
US GOV
11/15/23

0.00 0.00

0.00 650,727.15
(99.52)

0.00 0.00

0.00 0.00
818.75

0.00 0.00
(20,381.39)
650,727.15
631,588.99
651,970.38

UNITED STATES TREASURY
91282CBA8
US GOV
12/15/23

0.00 0.00

0.00 608,946.09
(367.57)

0.00 0.00

0.00 0.00
768.76

0.00 0.00
(20,116.01)
608,946.09
590,519.92
610,635.93
125
Item 4.

Public Trust Advisors 23
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES TREASURY
912828V23
US GOV
12/31/23

0.00 0.00

0.00 1,689,207.81
(9,348.69)

0.00 0.00

0.00 0.00
19,012.50

0.00 0.00
(16,486.39)
1,689,207.81
1,672,836.36
1,689,322.75

UNITED STATES TREASURY
912828V80
US GOV
01/31/24

0.00 0.00

0.00 1,687,821.49
(6,092.40)

0.00 0.00

0.00 (16,079.23)
1,687,821.49
1,672,043.75
1,688,122.98

UNITED STATES TREASURY
91282CBM2
US GOV
02/15/24

0.00 0.00

0.00 607,937.11
(238.15)

0.00 0.00

0.00 0.00
384.38

0.00 0.00
(21,781.98)
607,937.11
587,973.82
609,755.80

UNITED STATES TREASURY
91282CBR1
US GOV
03/15/24

0.00 0.00

0.00 608,946.09
(352.52)

0.00 0.00

0.00 0.00
768.75

0.00 0.00
(22,789.03)
608,946.09
587,661.40
610,450.44

UNITED STATES TREASURY
912828W71
US GOV
03/31/24

0.00 0.00

0.00 1,682,210.16
(17,857.59)

0.00 0.00

0.00 0.00
17,956.25

0.00 0.00
(16,832.81)
1,682,210.16
1,666,367.04
1,683,199.85

UNITED STATES TREASURY
91282CCC3
US GOV
05/15/24

0.00 0.00

0.00 607,720.90
(93.44)

0.00 0.00

0.00 0.00
768.75

0.00 0.00
(24,410.96)
607,720.90
584,994.76
609,405.73

UNITED STATES TREASURY
912828XT2
US GOV
05/31/24

0.00 0.00

0.00 1,932,404.30
(12,857.14)

0.00 0.00

0.00 0.00
19,500.00

0.00 0.00
(18,136.56)
1,932,404.30
1,916,331.30
1,934,467.86

UNITED STATES TREASURY
91282CCG4
US GOV
06/15/24

0.00 0.00

0.00 543,039.06
(657.45)

0.00 0.00

0.00 0.00
1,375.00

0.00 0.00
(22,589.91)
543,039.06
522,006.10
544,596.01

UNITED STATES TREASURY
91282CCT6
US GOV
08/15/24

0.00 0.00

0.00 544,048.83
(638.93)

0.00 0.00

0.00 0.00
1,031.25

0.00 0.00
(24,537.44)
544,048.83
520,759.80
545,297.24

UNITED STATES TREASURY
912828D56
US GOV
08/15/24

0.00 0.00

0.00 1,944,820.31
(5,501.21)

0.00 0.00

0.00 (19,445.44)
1,944,820.31
1,925,929.20
1,945,374.64

UNITED STATES TREASURY
91282CCX7
US GOV
09/15/24

0.00 0.00

0.00 543,576.17
(472.89)

0.00 0.00

0.00 0.00
1,031.25

0.00 0.00
(25,304.10)
543,576.17
519,578.40
544,882.50

UNITED STATES TREASURY
91282CDH1
US GOV
11/15/24

0.00 0.00

0.00 548,431.64
(250.69)

0.00 0.00

0.00 0.00
2,062.50

0.00 0.00
(26,791.26)
548,431.64
521,941.20
548,732.46

UNITED STATES TREASURY
9128283J7
US GOV
11/30/24

0.00 0.00

0.00 2,003,800.78
(14,186.13)

0.00 0.00

0.00 0.00
21,515.63

0.00 0.00
(20,925.91)
2,003,800.78
1,984,894.88
2,005,820.79
126
Item 4.

Public Trust Advisors 24
12/02/2021 to 06/30/2022
City of Beaumont, CA
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES TREASURY
9128283P3
US GOV
12/31/24

0.00 0.00

0.00 2,010,049.80
(11,201.83)

0.00 0.00

0.00 0.00
22,781.25

0.00 0.00
(22,262.88)
2,010,049.80
1,989,167.62
2,011,430.50

UNITED STATES TREASURY
91282CED9
US GOV
03/15/25

0.00 0.00

0.00 1,980,228.53
(1,444.46)

0.00 0.00

0.00 (24,260.98)
1,980,228.53
1,959,819.30
1,984,080.28
Portfolio Total
$15,000,000.00
$15,000,000.00
$15,000,000.00
$75,095,518.54
($148,486.92)
($45,077,775.62)
$0.00
$0.00
$0.00
$167,343.30
$29,998,886.54
$0.00
($510,210.65)
$45,022,948.49
$44,556,412.68
$45,066,623.33
127
Item 4.

Public Trust Advisors 25
12/02/2021 to 06/30/2022
City of Beaumont, CA
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.

Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of any client accounts managed by Public Trust. The custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributable to differences in calculation methodologies and pricing sources used. Please contact your relationship manager or call us at (855) 395-3954 with questions regarding your account.

Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.

Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Public Trust defines an unmanaged account as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. These accounts do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts. The primary purpose for this service is to include unmanaged accounts owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.

Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.

Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal.

No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.

Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, please contact us.

Disclaimers
Disclaimers
128
Item 4.

Contact
Regional Office
550 S. Hope Street, Suite 560
Los Angeles, CA 90071
Headquarters
717 17th Street, Suite 1850
Denver, CO 80202
129
Item 4.

06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Investment Report
130
Item 4.

Tom Tight | Managing Director
Direct: (407) 588-9391
Mobile: (407) 765-0761
[email protected]
Mark Creger | Director, Portfolio Management
Direct: (213) 545-7452
Mobile: (323) 573-9529
[email protected]
John Grady | Managing Director
Direct: (407) 588-0525
Mobile: (407) 701-8002
[email protected]
Manuel N. San Luis | Vice President, Portfolio Manage-
ment
Direct: (213) 545-8605
Mobile: (213) 509-3758
[email protected]
Relationship Managers Portfolio Manager
Relationship Management Team
Table of Contents
Executive Summary
• Portfolio Overview 3
• Maturity Distribution 4
• Rating Distribution 5
• Security Distribution – Market Value 6
• Security Distribution – Historical Cost 7
Supporting Reports
• Portfolio Holdings 8
• Transactions 9
• Income 10
• GASB 40 11
• Portfolio Activity Summary 12
Disclaimers
131
Item 4.

Public Trust Advisors 3
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Portfolio Overview
05/31/22 06/30/22
Duration 0.000
Years to Effective Maturity 0.000
Years to Final Maturity 0.000
Coupon Rate 1.040
Book Yield 1.010
Market Yield 1.010
Benchmark Yield --
Portfolio Summary
Asset Allocation
Portfolio Characteristics
Summary 05/31/22 06/30/22
Historical Cost $0.00 $35,000,000.00
Book Value 0.00 35,000,000.00
Accrued Interest 0.00 0.00
Net Pending Transactions 0.00 8,641.19
Book Value Plus Accrued $0.00 $35,008,641.19
Net Unrealized Gain/Loss 0.00 0.00
Market Value Plus Accrued $0.00 $35,008,641.19
Period Income Income
Interest Income $8,641.19
Net Income $8,641.19
Income Summary
Detail may not add to total due to rounding.

Executive Summary
132
Item 4.

Public Trust Advisors 4
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Maturity Distribution by Security Type
Portfolio Overview
Issuer Value
U.S. Bancorp 99.98%
(CCYUSD) UNITED STATES OF AMERICA 0.02%
Top Ten Holdings Maturity Distribution by Type
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total CASH $8,641.19 ----------------$8,641.19
MMFUND 35,000,000.00 35,000,000.00
TOTAL $35,008,641.19 ----------------$35,008,641.19
• Maturity Distribution
133
Item 4.

Public Trust Advisors 5
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Portfolio Overview
S&P Rating Distribution Moody’s Rating Distribution
Allocation by Standard and Poor’s Rating Allocation by Moody’s Rating S&P Rating Distribution Jun 30, 2022
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+$0.00 0.00%
A-1
A-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
AAA $35,008,641.19 100.00%
AA
A
Below A
Not Rated
Total Long Term Ratings $35,008,641.19 100.00%
Portfolio Total $35,008,641.19 100.00%
Moody's Rating Distribution Jun 30, 2022
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $0.00 0.00%
P-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
Aaa $35,008,641.19 100.00%
Aa
A
Below A
Not Rated
Total Long Term Ratings $35,008,641.19 100.00%
Portfolio Total $35,008,641.19 100.00%
• Rating Distribution
134
Item 4.

Public Trust Advisors 6
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Market Value Basis Security Distribution
Asset Balance by Security Type
Security Distribution May 31, 2022
Ending Balance
May 31, 2022
Portfolio Allocation
Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $8,641.19 0.02%0.02%0.00%
Money Market Funds $35,000,000.00 99.98%99.98%1.01%
Portfolio Total $35,008,641.19 100.00%1.01%
Portfolio Overview
• Security Distribution – Market Value
135
Item 4.

Public Trust Advisors 7
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Historic Cost Basis Security Distribution
Asset Balance by Security Type
Portfolio Overview
Security Distribution May 31, 2022
Ending Balance
May 31, 2022
Portfolio Allocation
Jun 30, 2022
Ending Balance
Jun 30, 2022
Portfolio Allocation
Change in
Allocation Book Yield
Cash $8,641.19 0.02%0.02%0.00%
Money Market Funds $35,000,000.00 99.98%99.98%1.01%
Portfolio Total $35,008,641.19 100.00%1.01%
• Security Distribution – Historical Cost
136
Item 4.

Public Trust Advisors 8
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Description
IdentifierCoupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
CASH 0.00%
Receivable
CCYUSD

0.00%
06/30/22
06/30/22

0.00 --
--8,641.19 $8,641.19
$8,641.19
$8,641.19

1.00 $8,641.19
$0.00 $0.00 0.02%N
--

0.00%
--
--
AAA
Aaa

CASH TOTAL
06/30/22
06/30/22

0.00 --
--8,641.19 $8,641.19
$8,641.19
$8,641.19

1.00 $8,641.19
$0.00 $0.00 0.02%N
--

0.00%
--
--
AAA
Aaa
MMFUND 0.00%
FIRST AMER:TRS OBG Y
31846V807

1.04%
06/30/22
06/30/22

0.00 06/22/22
06/22/22 35,000,000.00 $35,000,000.00
$35,000,000.00
$35,000,000.00

1.00 $35,000,000.00
$0.00 $0.00 99.98%N
--

1.01%
--
--
AAAm
Aaa

MMFUND TOTAL
06/30/22
06/30/22

0.00 06/22/22
06/22/22 35,000,000.00 $35,000,000.00
$35,000,000.00
$35,000,000.00

1.00 $35,000,000.00
$0.00 $0.00 99.98%N
--

1.01%
--
--
AAAm
Aaa

PORTFOLIO TOTAL
06/30/22
06/30/22

0.00 --
--35,008,641.19 $35,008,641.19
$35,008,641.19
$35,008,641.19

1.00 $35,008,641.19
$0.00 $0.00 100.00%N
--

1.01%
--
--
AAA
Aaa
Portfolio Holdings
Supporting Reports
137
Item 4.

Public Trust Advisors 9
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
Transactions
138
Item 4.

Public Trust Advisors 10
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
FIRST AMER:TRS OBG Y
31846V807
06/30/22 35,000,000.00 $8,641.19 $0.00
$0.00
$0.00 $0.00 $0.00 $8,641.19 $0.00
$8,641.19
Receivable
CCYUSD
06/30/22 8,641.19 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 Portfolio Total 06/30/22 35,008,641.19 $8,641.19 $0.00 $0.00 $0.00 $0.00 $0.00 $8,641.19 $0.00
$8,641.19
139
Item 4.

Public Trust Advisors 11
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
First American Funds, Inc. -
Treasury Obligations Fund
First American Funds, Inc. -
Treasury Obligations Fund
31846V807
MMFUND
100.00%

1.01%

1.01%0.00 AAAm
Aaa
06/30/22
06/30/22 35,000,000.00 $0.00 $35,000,000.00
$35,000,000.00
$35,000,000.00
$35,000,000.00
First American Funds, Inc. -
Treasury Obligations Fund 100.00%

1.01%

1.01%0.00 AAAm
Aaa 35,000,000.00 $0.00 $35,000,000.00
$35,000,000.00
$35,000,000.00
$35,000,000.00
Portfolio Total
31846V807
MMFUND
100.00%

1.01%

1.01%0.00 AAAm
Aaa
06/30/22
06/30/22 35,000,000.00 $0.00 $35,000,000.00
$35,000,000.00
$35,000,000.00
$35,000,000.00
140
Item 4.

Public Trust Advisors 12
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Cash
CCYUSD
CASH
06/30/22
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$35,000,000.00
$0.00
$0.00
$0.00
$0.00
$0.00
Receivable
CCYUSD
CASH
06/30/22

0.00 0.00

0.00 8,641.19
8,641.19
8,641.19
FIRST AMER:TRS OBG Y
31846V807
MMFUND
06/30/22

0.00 0.00

0.00 35,000,000.00

0.00 0.00

0.00 35,000,000.00
35,000,000.00
35,000,000.00
Portfolio Total
$0.00
$0.00
$0.00
$35,000,000.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$35,000,000.00
$0.00
$0.00
$35,008,641.19
$35,008,641.19
$35,008,641.19
141
Item 4.

Public Trust Advisors 13
06/01/2022 to 06/30/2022
City of Beaumont Liquid Fund
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.

Disclaimers
Disclaimers
142
Item 4.

Contact
Regional Office
550 S. Hope Street, Suite 560
Los Angeles, CA 90071
Headquarters
717 17th Street, Suite 1850
Denver, CO 80202
143
Item 4.

City of Beaumont
PARS 115 Trust –Pension Rate Stabilization Program Plan Review August 8, 2022
144
Item 4.

City of beaumont ▎2
Contacts
Rachael Sanders, CEBS
Senior Manager, Consulting
(800) 540-6369 x121
[email protected]
Christiane Tsuda
Senior Portfolio Manager
(858) 551-5359
[email protected]
145
Item 4.

City of beaumont ▎3
Pars 115 Trust Team
Trust Administrator & Consultant
38 Years of Experience
(1984-2022)
2,000+
Plans under
Administration
1,000+
Public Agency
Clients
$6.2 B
Assets under
Administration
500 K+
Plan Participants
Investment Manager
•Investment sub-advisor to trustee U.S. Bank
•Investment policy assistance
•Uses open architecture
•Active and passive platform options
•Customized portfolios (with minimum asset level)
103
Years of Experience
(1919-2022)
$19.0 B
Assets under
Management &
Advisement
Trustee
•5th largest commercial bank and one of the
nation’s largest trustees for Section 115 trusts
•Safeguard plan assets
•Oversight protection as plan fiduciary
•Custodian of assets
159
Years of Experience
(1863-2022)
$9.0 T
Assets under Trust
Custody
490+
115 Trust Clients
•Serves as record-keeper, consultant,
and central point of contact
•Sub-trust accounting
•Coordinates all agency services
•Monitors plan compliance
(IRS/GASB/State Government Code)
•Processes contributions/disbursements
•Hands-on, dedicated support teams
146
Item 4.

City of beaumont ▎4
Combined Miscellaneous
& Safety Groups
Valuation as of
June 30, 2019
Valuation as of
June 30, 2020 Change
Actuarial Liability $83.0 M $90.4 M 9.0% ↑
Assets $63.0 M $68.4 M 8.7% ↑
Unfunded Liability $20.0 M $22.0 M 10.0% ↑
Funded Ratio 75.9%75.7%0.3% ↓
Employer Contribution Amount $3.2 M
(FY 20-21)
$3.6 M
(FY 21-22)13.4% ↑
Employer Contribution Amount –Projected*---$4.8 M
(FY 27-28)31.7% ↑
Pension Funding Status
As of June 30, 2020, City of Beaumont’s CalPERS pension plan is funded as follows*:
* Data through 2027-28 from Agency’s latest CalPERS actuarial valuation. 147
Item 4.

City of beaumont ▎5
Plan Type:IRC Section 115 Irrevocable Exclusive Benefit Trust Trustee Approach:Discretionary
Plan Effective Date:December 7, 2021
Plan Administrator: City Manager
Current Investment Strategy:Moderate HighMark Plus (Active) Strategy; Pooled Account Summary of Agency’s Pension Plan
AS OF JUNE 30, 2022:

Initial Contribution:March 2022: $2,500,000
Additional Contributions:$0
Total Contributions:$2,500,000
Disbursements:$0
Total Investment Earnings:($153,849)
Account Balance:$2,344,101
148
Item 4.

City of beaumont ▎6
HighMark Capital Management
Investment Review
149
Item 4.

PARS: City of Beaumont
July 2022
Presented by:

Christiane Tsuda –Senior Portfolio Manager
150
Item 4.

PARS/City of Beaumont
DISCUSSION HIGHLIGHTS –CITY OF BEAUMONT
Asset Allocation (as of 6-30-22)
Stocks 46.49% (40% -60%); Bonds 46.21% (40% -60%); Cash 7.30% (0% -20%) Large Cap 25.41%, Mid Cap 4.43%, Small Cap 7.19%, International 7.73%, REIT 1.74% Moderate (Active)
Performance (as of 6-30-22) Gross of investment fees, net of fund level fees 1 Month:-5.20%
3 Month:-10.18%
Inception to Date:-10.39% (March,2022)
Outlook
US Economy –COVID
–Inflation
–Unemployment/labor
–Supply chain
–State of the consumer
–Recession?
Global Economies –Developed international / emerging markets. Geopolitical –War in Ukraine
–China
Federal Reserve –QE / QT / rate hikes
–10-year yield: 2.85-3.15% (‘22); 2.60-2.90% (‘23)
Outlook –Value vs. Growth
–Real assets
1151
Item 4.

PARS/City of Beaumont 2
Selected Period Performance
152
Item 4.

Asset Allocation –City of Beaumont
As of June 30, 2022
PARS/City of Beaumont 3
Current Asset Allocation Investment Vehicle
Equity 46.49%Range: 40% - 60%
Large Cap Core 4.71%COFYX Columbia Contrarian Core Cl Y

8.96%VGIAX Vanguard Growth & Income Admiral Shares
Large Cap Value 4.32%DODGX Dodge & Cox Stock Fund

1.96%IVE iShares S&P 500 Value ETF
Large Cap Growth 2.73%HNACX Harbor Capital Appreciation Instl

2.73%PRUFX T. Rowe Price Growth Stock Fund
Mid Cap Core 4.43%IWR iShares Russell Mid Cap ETF
Small Cap Value 3.69%UBVFX Undiscovered Managers Behavorial Value R6 Small Cap Growth 3.50%VBK Vanguard Small Cap Vipers Fund International Core 0.98%DODFX Dodge & Cox International Stock Fund

2.71%DFALX DFA Large Cap International Portfolio
International Growth 1.00%MGRDX MFS International Growth Fund Emerging Markets 3.04%HHHFX Schroder Emerging Market Equity REIT 1.74%VNQ Vanguard REIT ETF
Fixed Income 46.21%Range: 40% - 60%
Short-Term 10.61%VFSUX Vanguard Short-Term Corp Adm Fund Intermediate-Term 11.51%DBLFX DoubleLine Core Fixed Income I

11.54%PTRQX Prudential Total Return Bd Cl Q

11.58%PTTRX PIMCO Total Return Instl Fund

0.96%PHIYX PIMCO High Yield Instl Fund
Cash 7.30%Range: 0% - 20%

7.30%FGZXX First American Government Obligations Fund
TOTAL 100.00%
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PARS/City of Beaumont 4
1-Month 3-Month Year-to-1-Year 3-Year 5-Year 10-Year
Fund Name Return Return Date Return Return Return Return Columbia Contrarian Core Inst -7.86 -16.27 -18.76 -12.91 11.28 10.53 13.12 Vanguard Growth & Income Adm -8.77 -15.78 -19.06 -9.83 10.87 11.32 13.00 Dodge & Cox Stock -9.31 -12.42 -11.53 -7.57 11.27 9.92 13.09 iShares S&P 500 Value ETF -8.25 -11.32 -11.51 -5.04 8.05 8.01 10.78 Harbor Capital Appreciation Retirement -7.93 -25.46 -35.59 -32.06 8.25 12.14 13.69 T. Rowe Price Growth Stock I -8.62 -25.40 -36.60 -34.11 4.36 8.70 12.52 S&P 500 TR USD -8.25 -16.10 -19.96 -10.62 10.60 11.31 12.96 iShares Russell Mid-Cap ETF -9.99 -16.88 -21.63 -17.43 6.42 7.81 11.11 Undiscovered Managers Behavioral Val L -9.94 -11.05 -7.91 -3.11 10.76 8.19 11.83 Vanguard Small-Cap Growth ETF -8.00 -20.44 -29.94 -31.77 2.34 6.81 9.82 Russell 2000 TR USD -8.22 -17.20 -23.43 -25.20 4.21 5.17 9.35 Dodge & Cox International Stock -8.77 -9.49 -10.02 -10.93 3.52 2.14 6.11 DFA Large Cap International I -9.31 -13.22 -17.50 -15.71 2.48 3.01 5.62 MFS International Growth R6 -6.78 -12.24 -19.38 -17.98 3.33 5.71 7.08 MSCI EAFE NR USD -9.28 -14.51 -19.57 -17.77 1.07 2.20 5.40 Hartford Schroders Emerging Mkts Eq F -6.94 -12.08 -19.78 -28.42 0.75 2.70 3.53 MSCI EM NR USD -6.65 -11.45 -17.63 -25.28 0.57 2.18 3.06 1-Month 3-Month Year-to-1-Year 3-Year 5-Year 10-Year
Fund Name Return Return Date Return Return Return Return Vanguard Real Estate ETF -7.51 -15.47 -20.52 -8.07 4.73 5.69 7.47 DoubleLine Core Fixed Income I -2.01 -5.50 -10.11 -10.18 -1.24 0.74 2.08 PGIM Total Return Bond R6 -2.59 -6.71 -12.78 -12.53 -1.34 1.08 2.56 PIMCO Total Return Instl -2.07 -5.46 -11.31 -11.11 -0.77 0.99 1.87 Vanguard Short-Term Investment-Grade Adm -1.30 -1.86 -5.58 -6.10 0.22 1.25 1.70 BBgBarc US Agg Bond TR USD -1.57 -4.69 -10.35 -10.29 -0.93 0.88 1.54 Source: SEI Investments, Morningstar Investments
PARS City of Beaumont
Returns less than one year are not annualized. Past performance is no indication of future results. The information presented has been obtained from sources believed to be accurate and reliable. Securities are not FDIC insured, have no bank guarantee and may lose value.

INTERNATIONAL EQUITY FUNDS

BOND FUNDS
For Period Ending June 30, 2022

LARGE CAP EQUITY FUNDS

MID CAP EQUITY FUNDS

REAL ESTATE FUNDS

SMALL CAP EQUITY FUNDS
154
Item 4.

Staff Report

TO: City Council
FROM: Robert Vestal, Assistant Public Works Director
DATE August 16, 2022
SUBJECT: Lien Release for Tract 27971 PA 14 Off-site Improvements - Park Site and Trail Improvements

Background and Analysis:

On December 16, 2016, the City entered into a lien contract with RSI-Communities- Heartland (RSI) for 27971 PA 14 Off-site Improvements - Park Site and Trail Improvements, located in the Olivewood Specific Plan. The Olivewood Specific Plan is located north of State Route 60, south of Oak Valley Parkway, and west of Potrero Boulevard.

Pursuant to the lien contract and Government Code Section 66499(a)(4), a lien was attached to the properties in an amount necessary to secure and discharge all obligations contained in the lien contract. The lien contract was recorded in instrument No. 2017-0076552, O.R.

Per Government Code Section 66499, “the local agency may at any time release all or any portion of the property subject to any lien or security interest c reated by this subdivision or subordinate the lien or security interest to other liens or encumbrances if it determines that security for performance is sufficiently secured by a lien on other property or that the release or subordination of the lien will not jeopardize the completion of agreed upon improvements.”

RSI is requesting the release of the lien associated with 27971 PA 14 Off-site Improvements - Park Site and Trail Improvements. The construction of the park site and trails does not require additional security and will not be publicly maintained. All offsite improvements were constructed under a separate bond and improvement plan.

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Item 5.

Figure 1 – Tract 27971 PA 14 Off-site Improvements - Park Site and Trail Improvements; located in the Olivewood Specific Plan
Fiscal Impact:

The cost of preparing the staff report is estimated to be $350. The developer maintains all associated improvements. The City is not liable for any public improvement maintenance associated with this lien.

Recommended Action:

Approve lien release for Tract 27971 PA 14 off-site improvements - park site and trail Improvements.

Attachments:

A. PW2022-0905 –TR 27971 PA 14 Parks & Trails Lien Release Package 156
Item 5.

RECORDING REQUESTED BY:

AND WHEN RECORDED MAIL TO:

RSI Communities – California LLC
6440 Oak Canyon, Suite 200
Irvine, CA 92618
Attn: Legal Department

APN: SPACE ABOVE THIS LINE FOR RECORDER’S USE

RELEASE OF LIEN

That certain Lien Contract against RSI Communities – Heartland LLC, a Delaware limited liability company recorded on February 23, 2017 as Instrument No. 2017-0076552 of Official Records of Riverside County, California is hereby fully satisfied, released and discharged.

The property affected by this release is described as follows:

Dated: CITY OF BEAUMONT

By: ______________________________________
Mayor

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA )
) SS.

COUNTY OF ___________________________ )

On _______________________ before me, ______________________________________, Notary Public, personally appeared _____________________________________________________________________________________, who proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature______________________________________

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Staff Report

TO: City Council
FROM: Nicole Wheelwright, Deputy City Clerk
DATE August 16, 2022
SUBJECT: Consideration of Re-Ratification of Local Emergency and Re- Authorizing the Use of Teleconferencing to Conduct Public Meetings

Background and Analysis:

On July 19, 2022, City Council adopted a resolution re-ratifying that certain conditions exist that necessitate the need to implement the Ralph M. Brown Act provisions provided by Government Code Section 54953. The recent amendment to Section 54953 allows the use of teleconferencing to conduct meetings of Beaumont’s legislative bodies with exemptions to the process and procedure. These provisions are listed in full detail in the table below.

Assembly Bill 361 (AB361) was signed by Governor Newsom with an effective date of October 1, 2021, which provides exemptions to the procedures of conducting public meetings with the use of teleconferencing. Prior to AB361, the City of Beaumont conducted teleconferenced and hybrid public meetings in accordance with Executive Order N-08-21. That order held an expiration date of September 30, 2021.

AB361 amends Government Code Section 54953 to provide provisions to facilitate teleconferenced meetings during a declared state of emergency. These provisions can only be used in an active gubernatorial state of emergency. The provisions from this amendment are listed in the table below.

Brown Act Requirements Provisions in AB361 Amendment
If the legislative body of a local agency
elects to use teleconferencing, it shall
post agendas at all teleconference
locations and conduct teleconference
meetings in a manner that protects the
statutory and constitutional rights of the
Agendas not required to be posted at all
teleconference locations.

Meeting must still be conducted in a
manner that protects the statutory and
constitutional rights of the parties or the
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Item 6.

parties or the public appearing before
the legislative body of a local agency.

public appearing before the legislative
body of a local agency.

If the legislative body of a local agency
elects to use teleconferencing, each
teleconference location shall be identified
in the notice and agenda of the meeting
or proceeding, and each teleconference
location shall be accessible to the public.

Agendas are not required to identify each
teleconference location in the meeting
notice/agenda.

Local agencies are not required to make
each teleconference location accessible
to the public.

If the legislative body of a local agency
elects to use teleconferencing, during the
teleconferenced meeting, at least a
quorum of the members of the legislative
body shall participate from locations
within the boundaries of the territory over
which the local agency exercises
jurisdiction.

No requirement to have a quorum of
board members participate from within
the territorial bounds of the local agency’s
jurisdiction.

If the legislative body of a local agency
elects to use teleconferencing, the
agenda shall provide an opportunity for
members of the public to address the
legislative body directly at each
teleconference location.

In each instance in which notice of the
time of the teleconferenced meeting is
given or the agenda for the meeting is
posted, the legislative body shall also
give notice of the manner by which
members of the public may access the
meeting and offer public comment.

The agenda shall identify and include an
opportunity for all persons to attend via a
call-in option or an internet-based service
option.

The legislative body shall allow members
of the public to access the meeting, and
the agenda shall include an opportunity
for members of the public to address the
legislative body directly.

In the event of a disruption which
prevents the local agency from
broadcasting the meeting to members of
the public using the call-in option or
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internet-based service option, or in the
event of a disruption within the local
agency’s control which prevents
members of the public from offering
public comments using the call-in option
or internet-based service option, the
legislative body shall take no further
action on items appearing on the meeting
agenda until public access to the meeting
via the call-in option or internet-based
service option is restored.

Written/remote public comment must be
accepted until the point at which the
public comment period is formally closed;
registration/sign-up to provide/be
recognized to provide public comment
can only be closed when the public
comment period is formally closed.

A member of the public shall not be
required, as a condition to attendance at
a meeting of a legislative body of a local
agency, to register his or her name, to
provide other information, to complete a
questionnaire, or otherwise to fulfill any
condition precedent to his or her
attendance. If an attendance list, register,
questionnaire, or other similar document
is posted at or near the entrance to the
room where the meeting is to be held or
is circulated to the persons present during
the meeting, it shall state clearly that the
signing, registering, or completion of the
document is voluntary, and that all
persons may attend the meeting
regardless of whether a person signs,
registers, or completes the document.

An individual desiring to provide public
comment through the use of an internet
website, or other online platform, not
under the control of the local legislative
body that requires registration to log in to
a teleconference, may be required to
register as required by the third-party
internet website or online platform to
participate.

In order for a local agency to use the provisions provided by AB361, the agency must determine by majority vote that meeting in-person would present imminent risks to 177
Item 6.

health or safety of attendees and adopt a resolution stating such with a maximum period of thirty days. Thereafter, on a thirty-day basis, City Council could then consider the continuance of teleconferenced public meetings by way of resolution after a re- evaluation of the state of emergency circumstances. In order to continue to facilitate meetings of the City’s legislative bodies, City Council would affirm the following findings:

(A) The legislative body has reconsidered the circum stances of the state of emergency. (B) Any of the following circumstances exist:
(i) The state of emergency continues to directly impact the ability of the members to meet safely in person.
(ii) State or local officials continue to impose or recommend meas ures to promote social distancing.

City staff is watching the status of AB2449 for any effect it may have on the current Assembly Bill 361.

Fiscal Impact:

City staff estimates the cost to prepare this staff report to be $110.

Recommended Action:

A. Resolution
178
Item 6.

RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BEAUMONT,

CALIFORNIA, PROCLAIMING A LOCAL EMERGENCY PERSISTS, RE-RATIFYING

THE PROCLAMATION OF A STATE OF EMERGENCY BY EXECUTIVE ORDER N- 09-21, AND RE-AUTHORIZING REMOTE TELECONFERENCE MEETINGS OF THE

LEGISLATIVE BODIES OF THE
CITY OF BEAUMONT FOR THE PERIOD AUGUST 16, 2022 – SEPTEMBER 20, 2022, PURSUANT TO PROVISIONS OF THE RALPH M. BROWN ACT

WHEREAS, the City of Beaumont (the “City”) is committed to preserving and nurturing public access and participation in meetings of the City Council; and

WHEREAS, all meetings of the City’s legislative bodies are open and public, as required by the Ralph M. Brown Act (Cal. Gov. Code §§ 54950 – 54963) (the “Brown Act”), so that any member of the public may attend, participate, and watch the City’s legislative bodies conduct their business; and

WHEREAS, the Brown Act, Government Code section 54953(e), makes provisions for remote teleconferencing participation in meetings by members of a legislative body, without compliance with the requirements of Government Code section 54953(b)(3), subject to the existence of certain conditions; and

WHEREAS, a required condition is that a state of emergency is declared by the Governor pursuant to Government Code section 8625, proclaiming the existence of conditions of disaster or of extreme peril to the safety of persons and property within the state caused by conditions as described in Government Code section 8558; and

WHEREAS, a proclamation is made when there is an actual incident, threat of disaster, or extreme peril to the safety of persons and property within the jurisdictions that are within the City’s boundaries, caused by natural, technological, or human-caused disasters; and

WHEREAS, it is further required that state or local officials have imposed or recommended measures to promote social distancing, or, the legislative body meeting in person would present imminent risks to the health and safety of attendees; and

WHEREAS, the City Council previously adopted Resolution 2021-53 on October 5, 2021, finding that the requisite conditions exist for the legislative bodies of the City to conduct remote teleconference meetings without compliance with Government Code section 54953(b)(3); and WHEREAS, as a condition of extending the use of the provisions found in Government Code section 54953(e), the City Council must reconsider the circumstances of the state of emergency that exists in the City, and the City Council has done so; and

WHEREAS, emergency conditions persist in the City, specifically, on March 4, 2020, the Governor of the State of California proclaimed a State of Emergency to exist in California as a 179
Item 6.

result of the threat of COVID-19; despite sustained efforts the virus continues to spread and is impacting nearly all sectors of California; and

WHEREAS, on or about July 28, 2021, Riverside County Public Health stated that “in light of the recent increase in local COVID-19 cases, Riverside County Public Health recommends residents follow the new state and federal guidance for face coverings. The current state and federal masking guidance recommend that vaccinated individuals wear face masks in public indoor settings. The state still requires unvaccinated individuals to wear masks indoors;” this remains the guidance of Riverside County Public Health; and

WHEREAS, the City Council does hereby find that the ongoing risk posed by the highly transmissible COVID-19 virus will continue to cause conditions of peril to the safety of persons within the City which are likely to be beyond the control of services, personnel, equipment, and facilities of the City, and the City Council desires to proclaim a local emergency and ratify the proclamation of state of emergency by the Governor of the State of California; and

WHEREAS, as a consequence of the local emergency persisting, the City Council does hereby find that the legislative bodies of the City shall continue to conduct their meetings without compliance with Government Code section 54953(b)(3), as authorized by Government Code section 54953(e), and that such legislative bodies shall continue to comply with the requirements to provide the public with access to the meetings as prescribed in Government Code section 54953(e)(2); and

WHEREAS, all meeting agendas stating meeting dates, times and the manner in which the public may attend and offer public comment by call-in option or internet-based service option shall be posted, at a minimum, on the City’s website and at the City’s main office.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BEAUMONT, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. Recitals.

The recitals set forth above are true and correct and are incorporated into this Resolution by this reference.

Section 2. Affirmation that Local Emergency Persists.

The City Council hereby considers the conditions of the state of emergency in the City and proclaims that a local emergency persists throughout the City, and the ongoing risk posed by the highly transmissible COVID-19 virus has caused, and will continue to cause, conditions of peril to the safety of persons within the City; furthermore, the guidance of Riverside County Public Health recommends physical distancing and face coverings.

Section 3. Re-ratification of Governor’s Proclamation of a State of Emergency.

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Item 6.

The City Council hereby ratifies the Governor of the State of California’s Proclamation of State of Emergency, effective as of its issuance date of March 4, 2020.

Section 4. Remote Teleconference Meetings.

The Mayor, the City Manager, and legislative bodies of the City are hereby authorized and directed to take all actions necessary to carry out the intent and purpose of this Resolution including conducting open and public meetings in accordance with Government Code section 54953(e) and other applicable provisions of the Brown Act.

Section 5. Effective Date.

This Resolution shall take effect immediately upon its adoption and shall be effective until the earlier of (i) September 20, 2022, or such time the City Council adopts a subsequent resolution in accordance with Government Code section 54953(e)(3) to extend the time during which the legislative bodies of the City may continue to teleconference without compliance with Government Code section 54953(b)(3).

Section 6. Certification.

The Clerk of the City Council shall certify as to the adoption of this Resolution and shall cause the same to be processed in the manner required by law.

PASSED, ADOPTED, AND APPROVED, this 16th day of August 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
___________________________________
Lloyd White, Mayor
ATTEST:

____________________________________________
Nicole Wheelwright, City Clerk

APPROVED AS TO FORM:

____________________________________________
John O. Pinkney, City Attorney
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Item 6.

Staff Report

TO: City Council
FROM: Lisa Leach, CPA, Assistant Finance Director and Sue Foxworth, Solid Waste & Recycling Manager
DATE August 16, 2022
SUBJECT: Recycled Content Paper and Recovered Organic Waste Product Procurement Requirements/Purchasing Policy

Background and Analysis:

The Legislature of the State of California, by enactment of the California Integrated Waste Management Act of 1989, (“AB 939” or the “Act”) (codified at Public Resources Code §§ 4000 et seq.) established a solid waste management process which requires cities and other local jurisdictions to implement plans for source reduction, reuse and recycling as integrated waste management practices for solid waste attributed to sources within their respective jurisdictions. The Act encompasses mandates including Assembly Bill (AB) 341 and AB 1826, as well as the newly adopted Short-Lived Climate Pollutants mandate, Senate Bill (SB) 1383.

Senate Bill 1383 builds on existing legislation, AB 341 and AB 1826. The stated purpose of SB 1383 is to reduce organic waste disposal, recover edible food waste from the waste stream, and reduce methane emissions. The goal of SB 1383 is to reduce greenhouse gas emissions to 40% below 1990 levels by the year 2030. To achieve this, the target is to reduce organic waste that ends up in the landfill by 50% by the year 2020 and 75% by the year 2025.

As a part of SB 1383, local governments are required to maximize the use and procure recycled and recovered organics products. As such, City staff felt it prudent to include the requirements in the current purchasing policy to comply with the California State requirements and have one document that addresses all City procurement policies.

Attachment A, provides the current purchasing policy including the addition of the required language to comply with SB 1383.

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Item 7.

In addition to the required language to comply with SB 1383, a review of the purchasing policy was conducted, and three updates were made. The definition of purchase order exceptions was expanded upon and exceptions to competitive procurement, as found in Municipal code Section 3.02.05, was added for clarification. Finally, “Purchase Order Changes” section was added to define the process of amending a purchase order. Any change order in an amount of $25,000 or more, or any change order which, whe n considered with the aggregate amount of all other changes to a purchase, exceeds ten percent of the original contract cost, shall be approved by the City Council.

The purchasing policy was reviewed by the Finance and Audit Committee on August 8, 2022, and the recommended action was to approve the changes and forward onto City Council for approval.

Recommended Action:

Approve changes to the purchasing policy.

Attachments:

A. City of Beaumont Purchasing Policy (Draft Revision)
183
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

1 July 2021

To follow the Purchasing Ordinance, the purchasing of goods or services must follow a standard system of entry, have a reasonable cost, complete documentation, obtain appropriate verification and approval.

The Purchasing Module of Tyler Technologies Incode 10 will be utilized to comply with all aspects of the Ordinance. To establish the procedures to be followed for the purchasing and procurement of paper and paper products and recovered organic waste products in compliance with state laws, including SB1383, the Short-lived Climate Pollutant Act.

ORDINANCE SUMMARY

For Non-Public Project Purchases:

PURCHASE AMOUNT SERVICES MAINTENANCE or

GENERAL SERVICE
GOODS
Ordinance Chapter 3.02.04 3.01.040 3.01.050
Less than $7,500 Director Director Director
Between $7,500 and
$25,000
City Manager City Manager City Manager
Between $25,000 and
$45,000
City Council –
Alternative Procedure
City Council –
Alternative Procedure
City Council –
Alternative Procedure
Between $45,000 and
$175,000
City Council – Informal
Competitive Bidding
City Council – Informal
Competitive Bidding
City Council – Informal
Competitive Bidding
Over $175,000 City Council – Formal
Competitive Bidding
City Council – Formal
Competitive Bidding
City Council – Formal
Competitive Bidding
MAX TERM 5 Years 3 years w/ #2 1-Yr
Extensions w/ CC
Approval
N/A
EXCEPTIONS: Single Source or Emergency Situation

Public Projects: As provided in Section 22002(c) of the Public Contract Code, public projects include construction, reconstruction, renovation, improvement, demolition to, or painting/repainting of any publicly owned, leased or operated facility, street or sewer, and the construction or improvement of dams, reservoirs and wastewater treatment plants. A public project does NOT include mainte nance work of any kind. Public Projects must follow more specific purchasing rules from what is presented here.

Alternative Procedure: Purchasing supplies, services or equipment by a simplified pricing procedure by obtaining oral price quotes from one or more potential contractors or suppliers.

Informal Competitive Bidding (Chapter 3.01.09): RFP Process with specific distribution of notice inviting formal bids.

Formal Competitive Bidding (Chapter 3.01.08): RFP Process with public distribution of notice inviting formal bids.

EXEMPTIONS TO COMPETITIVE PROCUREMENT PROCEDURES FOR PROFESSIONAL SERVICES (3.02.05)

Upon obtaining approval from the City Council, the Purchasing Officer may engage services of a Professional firm or individual without complying with the competitive procurement procedures in the Following circumstances:
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Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

2 July 2021

 The services are available only from a single source; or  Public exigency or emergency will not permit delay; or  State or federal grant or loan requirements authorize noncompetitive procurement of such services; or
 After solicitation of a number of sources, competition is deemed inadequate

WHY PURCHASE ORDERS?

A completed purchase order will reserve budget for the applicable line item (termed Encumbrance).

Purchase orders are used, not only to control vendor terms and pricing, but also to manage the departmental budgets. (See page 10 for examples in Tyler)

PURCHASE ORDER EXCEPTIONS

Certain types of invoices are not subject to purchase orders due to the nature of the cost:

Utilities – Cities monthly services for water, electric and gas usage.

Phone/Internet – Cities monthly services for phone and internet usage Insurance – Health, dental and vision insurance, general liability, and vehicle insurance JPA costs
Legal – Attorney, court, and settlement costs
Regulatory costs – any governmental authority

REQUISITION APPROVAL TIMING

To take advantage of the software system for purchasing, the approval process is being standardized and scheduled as follows:

DAY APPROVAL STEP
Every Wednesday Budget Specialist Interim Step
Every Thursday Assistant Director of Finance Interim Step Every Thursday City Manager Interim or Final Step
Every Friday Assistant City Clerk Final Step

Every Friday, the finance department will process any fully approved requisitions into purchase orders. If a purchase order is urgently needed, please contact the next approval level when the requisition is complete. All attempts will be made to expedite the process when needed.

NOTE: Enter requisitions that relate to City Council approval when the staff report is prepared. Also, during the budget process, when the budget is finalized and approved by City Council, enter requisitions for all known vendors.

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Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

3 July 2021

CITY DEPARTMENTS

Using Tyler Technologies Incode 10, enter applicable information into Purchasing Module – Requisitions. (see documentation provided to input the required information). If the department does not have an individual with access to the purchasing system, there is a Request for Requisition form that can be completed. That requisition form and all applicable back -up documentation can be provided to the Finance Office for data entry. Required data entry is as follows:

 GENERAL TAB: Number, Description, Department, Issue Date, Requested By, Auto Approve Checkmark, Ship To, Vendor, and Detailed Description (specific detail of what and why)  ITEM ENTRY TAB: Commodity, Item Description, Ship To, Ordered Amount, Account, Part Number
 BID/QUOTE TAB: Information can be attached here only if Bid/Quote is check marked on the General Tab
 NOTES TAB: Add note regarding what is attached, Add note regarding how purchasing ordinance was followed (3 bids, informal RFP, formal RFP, sole source, emergency, etc)  DOCUMENTS TAB: Attach contracts, bids, forms, Staff Reports, or any other pertinent documents

APPROVAL LEVELS

DIRECTORS APPROVE UP TO $7,500:

The Director responsible for the Department must approve the requisition before it can advance to the next approval level or be processed into a Purchase Order.

Budget Finance Specialist must approve that there is budget in the line item(s) of the requisition before i t can advance to the next approval level.

Director of Finance or Assistant Director of Finance must review and approve the requisition before it can advance to the next approval level or be processed into a Purchase Order.

ABOVE $7,500:

City Manager must review and approve the requisition before it can advance to the next approval level or be processed into a Purchase Order.

ABOVE $25,000:

Deputy City Clerk, as representative of the City Council, must review and approve the requisition before it can be processed into a Purchase Order.

FINANCE DEPARTMENT

When requisitions have been approved by the applicable levels, the Finance Department will complete the steps necessary to generate a purchase order. The Purchase Order will then be available to the department to print as necessary to complete their vendor order.

INVOICES
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Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

4 July 2021

After the Purchase Order has been approved through all levels, goods may be ordered. Once orders are received and verified, The Director responsible for the Department must approve the Invoice by signing and coding the Purchase Order number to the Invoice. All Invoices must be turned into Finance by 12:00 pm every Tuesday to be paid out in that week’s A/P run.

PURCHASE ORDER CHANGES

Following the approval of a purchase order for goods or services, the purchase order may be amended by the issuance of a change order, provided the change is reasonably related to the scope of the original purchase. The finance director will maintain control relative to the scoping, estimating, and negotiation of the proposed change order and the availability of funds for the proposed change in the event that the change order increases the cost. Any change order with a total cost less than $25,000 may be approved administratively, in accordance with the ordinance summary above, provided the aggregate amount of all changes to a particular purchase, including the change order under consideration, does not exceed ten percent of the original cost. Any change order in an amount of $25,000 or more, or any change order which, when considered with the aggregate amount of all other changes to a purchase, exceeds ten percent of the original contract cost, shall be approved by the city council. Any proposed changes to a purchase that does not increase the purchase price may be approved by the city manager in accordance with any applicable terms and conditions of the original purchase related to change orders or amendments. Purchase order changes will be completed through the Purchase Order Change Request Form.

VENDOR LIMIT
No employee shall be used for the procurement of goods or services. No International vendor shall be used unless they have a US office that accepts US dollars.

The public procurement process and the people involved, are subject to complete public accountability regarding the proper expenditure of taxpayers’ money. Public purchasing must guarantee fair and open competition with equal opportunities for every supplier. A unique characteristic of public purchasing is the underlying principle that prices are not as critical as fairness and impartiality in obtaining them.

It is a violation of State Law for any Employee or City Officer to be a part to, or have a financial interest in, any City contract made by them in their official capacity (CA Gov. Code 1090).

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Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

5 July 2021

RECYCLED CONTENT PAPER AND RECOVERED ORGANIC WASTE PRODUCT PROCUREMENT

REQUIREMENTS

Responsible Department: Purchasing Officer

STANDARD MANAGEMENT PROCEDURE

PURPOSE
The purpose of this Standard Management Procedure is to establish the procedures to be followed for the purchasing and procurement of paper and paper products and recovered organic waste products in compliance with state laws, including SB 1383, the Short-lived Climate Pollutant Act. This policy will replace any existing EPPP Policy.

SECTION 1.0 - STATEMENT OF POLICY
It is the policy of City of Beaumont to:
 Purchase products that minimize environmental impacts, toxins, pollution, and hazards to worker and community safety to the greatest extent practicable;  Institute practices that reduce waste and minimize environmental impacts whenever practicable and cost effective;
 Comply with California State requirements for local agencies to maximize the use of recycled resources and purchase recycled products; (Title 14 CCR, Division 7, Chapter 12; California Public Contract Code 22150-22154)
 Comply with CCR 14 Section 18993.3 and 18993.4 regarding recycled content paper procurement requirements;
 Comply with CCR 14 Section 18993.1 and 18993.2 regarding recovered organic waste product procurement to the best of the city’s ability;
 Adopt this policy in support of the City's other environmental and sustainability goals; and  Require vendors, contractors and grantees to buy recycled content paper and paper products, and when buying mulch and compost, procure such products meeting state requirements for applicability to the City’s organic waste product procurement target.

SECTION 2.0 - PURPOSE
This Policy is adopted in order to:
 Conserve natural resources;
 Comply with state law;
 Support strong recycling markets;
 Reduce materials that are landfilled; and
 Comply with SB 1383 regulatory requirements regarding procurement of recycled content paper products and recovered organic waste products.
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Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

6 July 2021

SECTION 3.0 – SPECIFICATIONS

3.1 Recycled Content Products

3.1.1 A significant element of reducing waste contributions to landfills is recycling. Re cognizing the impact of government spending on stimulating the recycling industry, the State has imposed requirements on the procurement of recycled products by local agencies. The California Public Contract Code (PCC) Sections 22150-22154 outline these requirements. The City will give preference to buying the recycled content products as outlined in the PCC whenever recycled products are available at the same or lesser cost and fitness and quality are equal. Also in accordance with the PCC, and SB 1383 regulations, the City will require the vendor to certify the recycled content and the recyclability of the products being provided.

3.1.2 City staff shall strive to incorporate the requirements the U.S. EPA has established for various materials, such as those for construction, landscaping, parks and recreation, transportation, vehicles, miscellaneous, and non-paper office products. The programs, known as the Comprehensive Procurement Guidelines (CPG) and Recovered Materials Advisory Notice (RMAN), are updated periodically to identify categories of material for which there are recycled content alternatives and the recommended recycled contents.

3.1.3 Printing paper and writing papers and paper products and janitorial paper products shall contain the highest postconsumer content practicable, but no less than 30 percent by fiber weight, postconsumer fiber, as outlined in Sections 22150-22154 of the Public Contract Code and as defined in Section 12209 of the Public Contract Code.

3.1.4 Vendors shall certify in writing, under penalty of perjury, as to the minimum percentage of postconsumer material in the Paper Products and Printing and Writing Paper, and janitorial paper offered or sold to the Jurisdiction. A sample certification is contained at the end of this policy. This certification requirement may be waived if the percentage of postconsumer material in the Paper Products, Printing and Writing Paper, and/or Janitorial Paper can be verified by a product label, catalog, invoice, or a manufacturer or vendor internet website. These products shall also be certified to be eligible to be labeled with an unqualified recyclable label as defined in Title 16 Code of Federal Regulations Section 260.12 (2013).

3.1.5 Copiers and printers bought shall be compatible with the use of recycled content products. When necessary, suppliers shall train equipment maintenance personnel in the appropriate use of recycled products with their equipment.

3.2 Recovered Organic Waste Products

3.2.1 City Workers and contractors providing landscaping services for City of Beaumont shall employ sustainable landscape management practices whenever possible, including:
 The use of Integrated Pest Management (IPM), including minimal pesticide use is encouraged.  Meeting all MWELO requirements including use of compost and mulch; compost and mulch shall meet the definitions contained in this policy. Records shall be maintained and submitted to the City documenting such use.
 Recycling of plant debris by composting and/or maintaining a minimum 2-inch layer of mulch under all trees, shrubs and groundcovers and a minimum 3-inch layer in all open areas is strongly 189
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

7 July 2021

encouraged. Allowing leaf drop to become part of the mulch layer in tree, shrub and groundcover areas is preferred.
 Compost purchased by or for the City, or at the City’s behest, by its landscaping service providers or other contractors shall meet the definition of compost in this policy and shall be eligible to help the City meet its SB 1383 organic waste product procurement target.  Mulch purchased by or for the City, or at the City’s behest, by its landscaping service providers or other contractors or direct service providers shall meet the definition of mulch in this policy, and shall be eligible to help the City meet its organic waste product procurement target. Such mulch shall meet or exceed the physical contamination, maximum metal concentration and pathogen density standards for land applications specified in 14 CCR Section 17852(a)(24.5)(A)(1) through (3). Mulch shall be made from recycled or post-consumer materials rather than inorganic materials or virgin forest products unless the recycled post-consumer organic products are not available.

SECTION 4.0 - DEFINITIONS
"Buyer" means anyone authorized to purchase on behalf of this jurisdiction or its subdivisions. "Contractor" means any person, group of persons, business, consultant, designing architect, association, partnership, corporation, supplier, vendor or other entity that has a contract with City of Beaumont or serves in a subcontracting capacity with an entity having a contract with City of Beaumont for the provision of goods or services.
“Direct Service Provider” means a person, company, agency, district, or other entity that provides a service or services to the City pursuant to a contract or other written agreement or as otherwise defined in 14 CCR Section 18982(a)(17).
“Paper Products” include but are not limited to paper janitorial supplies, cartons, wrappin g, packaging, file folders, hanging files, corrugated boxes, tissue, and toweling; or as otherwise defined in 14 CCR Section 18982(a)(51).
"Postconsumer-Material" means a finished material which would normally be disposed of as a solid waste, having reached its intended end-use and completed its life cycle as a consumer item, and does not include manufacturing or converting wastes.
"Preconsumer Material" means material or by-products generated after manufacture of a product is completed but before the product reaches the end-use consumer. Preconsumer material does not include mill and manufacturing trim, scrap, or broke which is generated at a manufacturing site and commonly reused on-site in the same or another manufacturing process. “Printing and Writing Paper” includes, but is not limited to, copy, xerographic, watermark, cotton fiber, offset, forms, computer printout paper, white wove envelopes, manila envelopes, book paper, note pads, writing tablets, newsprint, and other uncoated writing papers, poste rs, index cards, calendars, brochures, reports, magazines, and publications; or as otherwise defined in 14 CCR Section 18982(a)(54). “Recycled-Content Paper Products and Recycled-Content Printing and Writing Paper and janitorial paper products” means such products that consist of at least thirty percent (30%), by fiber weight, postconsumer fiber, consistent with the requirements of Sections 22150 to 22154 and Sections 12200 and 12209 of the California Public Contract Code, and as amended.
190
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

8 July 2021

“Recovered organic waste products” means products made from California, landfill-diverted organic waste processed at a permitted or otherwise authorized operation or facility. Such products include SB 1383 eligible mulch and SB 1383 eligible compost (see definitions below). “SB 1383 Eligible Compost” means the product resulting from the controlled biological decomposition of organic solid wastes that are source separated from the municipal solid waste stream or which are separated at a centralized facility or as otherwise defined in 14 CCR Section 17896.2(a)(4). Compost eligible for meeting the annual recovered organic waste product procurement target must be produced at a compostable material handling operation or facility permitted or authorized under 14 CCR Chapter 3.1 of Division 7 or produced at a large volume in-vessel digestion facility that composts on-site as defined and permitted under 14 CCR Chapter 3.2 of Division 7. Compost shall meet the State’s composting operations regulatory requirements.
“SB 1383 Eligible Mulch” means mulch eligible to meet the City’s Annual Recovered Organic Waste Product Procurement Target, pursuant to 14 CCR Chapter 12 of Division 7. This SB 1383 Eligible Mulch shall meet the following conditions as specified by 14 CCR Section 18993.1(f)(4):

1. Produced at one of the following facilities:
i. A compostable material handling operation or facility as defined in 14 CCR Section 17852(a)(12), that is permitted or authorized under 14 CCR Division 7, other than a chipping and grinding operation or facility as defined in 14 CCR Section 17852(a)(10); SB 1383 Eligible Mulch excludes mulch from chipping and grinding operations. ii. A transfer/processing facility or transfer/processing operation as defined in 14 CCR Sections 17402(a)(30) and (31), respectively, that is permitted or authorized under 14 CCR Division 7; or,
iii. A solid waste landfill as defined in Public Resources Code Section 40195.1 that is permitted under 27 CCR Division 2.

2. Meet or exceed the physical contamination, maximum metal concentration, and pathogen density standards for land application specified in 14 CCR Sections 17852(a)(24.5)(A)1 through 3. "U.S. EPA Guidelines" means the Comprehensive Procurement Guidelines established by the U.S.

Environmental Protection Agency for federal agency purchases as of May 2002 and described at http://www.epa.gov/epaoswer/non-hw/procure/products.htm , or as updated.

SECTION 5.0 - IMPLEMENTATION

5.1 Purchasing Officer shall help departments implement this policy including the following acti vities:
 Educating managers and staff about City of Beaumont's Recycled Content Paper and Compost and Mulch Procurement Policy.
 Ensuring that purchasing documents, specifications, and contracting procedures do not contradict each other and do not deter or inhibit the purchase of recycled content products as described in this policy.
 Providing information to facilitate the evaluation and purchase of environmentally preferable products, including identifying appropriate products and sources and providing technical assistance.
191
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

9 July 2021

 Evaluating obstacles to purchasing such products in order to create solutions,  Tracking and recording progress in achieving successful results.  Tracking and maintaining a record of recycled content paper purchases and SB 1383 complia nt compost and mulch in an SB 1383 implementation record. Such records shall include proof of purchase describing procurement of paper products by volume and type for all paper purchases and copies of certifications or other verifications required of recycled content and recyclability. All invoices or other records showing procurement of SB 1383 compliant compost and mulch shall also be kept in the City’s SB 1383 implementation record.

5.2 In compliance with State law, vendors shall be required to specify and certify the minimum or actual percentage of recovered and postconsumer material in their products, even when such percentages are zero. Such information shall be provided with each invoice provided to the city for paper and paper products, including janitorial paper products.

5.3 All contracts and grants providing services or products to the City of Beaumont shall adhere to the guidelines stated in this policy to the extent possible.

SECTION 6.0 - PROGRAM EVALUATION AND MEASUREMENT

6.1 Purchasing Officer shall institute a system for tracking recycled content paper procurement and procurement of SB 1383 eligible compost and mulch in compliance with 14 CCR Section 18993.4 and Section 18993.2. Copies of invoices, receipts or other proof of purchase that d escribe the procurement of paper products by volume and type for all paper purchases will be maintained as part of the City’s required SB 1383 implementation record (14 CCR Section 18995.2). Copies of certifications or other verification of recycled content and recyclability will also be kept.

Copies of invoices and receipts demonstrating procurement of SB 1383 eligible compost and SB 1383 eligible mulch shall also be maintained in the SB 1383 implementation record.

6.2 Departments that independently purchase paper and paper products and compost and mulch will report the required information noted in 6.1 to the Environmental Services Manager each quarter.

SECTION 7.0 - EFFECTIVE DATES

7.1 This policy shall take effect on August 16, 2022.

EXCEPTION
Exceptions to this policy may be authorized by the City Council.

192
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

10 July 2021

CITY OF BEAUMONT
PURCHASING MODULE – SCREEN SHOTS – REQUISITION GENERAL ENTRY

ADD REQUISITION

DEPARTMENT

SHIP TO
If PO is for future FY enter that
FY 07/01/FY here
193
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

11 July 2021

CITY OF BEAUMONT
PURCHASING MODULE – SCREEN SHOTS – REQUISITION ENTRIES

Detailed Description is necessary to
describe what is being purchased and
why. Complete this information with
as much detail as possible.
*If PO is for a new FY, make a note in
this description so that the approver
knows.

COMMODITY

DETAILED DESCRIPTION

ITEM ENTRY TAB

194
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

12 July 2021

CITY OF BEAUMONT
PURCHASING MODULE – SCREEN SHOTS – REQUISITION ENTRIES

Services Code - Will allow entry of a dollar amount in the far-right box.

Goods Code – Not suggested unless only ONE item with ONE fixed cost.

N/A – Suggested for purchase of goods if MULTIPLE items.

Shipping - Can be added if it is known or if it needs to be estimated.

Sales tax - Has not been added to the requisition module at this time. If using the Goods code, be sure sales tax is already added to the unit price (if applicable).

ADDITIONAL TABS TO UTILIZE
All purchases for the City of Beaumont must follow the Purchasing Ordinance. To comply with the Ordinance, utilize the “Bid/Quote”, “Notes”, and “Documents”.

Each of these three items can “ADD”, “EDIT”, or “DELETE”.

Only NOTES have the ability to “EXPAND ALL”.

195
Item 7.

CITY OF BEAUMONT

POLICY AND PROCEDURES

PURCHASING AND PROCUREMENT PROCEDURES

13 July 2021

Bid/Quote - Use to record vendors, quotes provided, and awarded contract (requires checkbox on General Tab to make this option available).

CITY OF BEAUMONT
PURCHASING MODULE – SCREEN SHOTS – REQUISITION ENTRIES

Notes

1. Enter what documents have been attached.

2. Enter under which element of the purchasing ordinance the purchase is being made (sole source, informal RFP, formal RFP, emergency, etc).

Other notes can be entered as deemed necessary.

Documents - Use to attach bids or pricing quotes obtained for the items(s)/service(s) requested (include staff reports, if applicable).

Final Step- Make sure to go back to the general screen and unclick the bid/quotes box and recheck the Auto Approve box. If this step is not completed the other approvers will not be able to see the requisition.

196
Item 7.

Staff Report

TO: City Council
FROM: Doug Story, Community Services Director
DATE August 16, 2022
SUBJECT: Update on Stewart Park Improvement Project – Community Outreach and Survey Results

Background and Analysis:

On April 5, 2022, City Council approved a Professional Services Agreement with PlaceWorks for landscape architecture and engineering design services for the Stewart Park Improvement Project. Staff began meeting with PlaceWorks weekly to discuss the project and began working on Community Outreach strategies to ensure community involvement in the planning and design stages of the project. On June 27, 2022, a digital survey was released to the community in order to compile feedback from residents on park usage, amenities, design features, inspiration for themes, and ideas for future events to be held in the park. Staff began advertising for the survey and worked the Fourth of July event, which is held at Stewart Park; to ensure plenty of community involvement and interaction with the survey in order to gather as much data as possible. At the conclusion of the month -long survey period over 800 unique community members were surveyed.

The results attached to this staff report include a comprehensive summary of questions and responses received. Some key takeaways from the community survey include:

 The playground and splash pad will be a central element of the park. It will be important to consider universal accessibility in the design and develop a play environment that offers a fun, quality, inclusive experience.

 Beaumont residents want to see overall park upgrades to make Stewart Park a more inviting destination. Beyond specific amenities, survey respondents indicated that they want to see general park improvements, like landscaping, lighting, and benches throughout the park that create spaces where people might want to go for photographs or special events.

197
Item 8.

 Beaumont residents want to keep using Stewart Park and have great ideas for additional events there. A large, permanent stage may not be necessary for the park year-round, but a smaller bandshell or stage may work for these types of events.

 While not the highest priority, active uses like basketball, walking, and outdoor fitness are considered important activities in the park. Creating spaces for flexible exercise, such as open fields for classes, informal sports, or disc golf, will be a consideration for the design.

 The existing skate park is likely the appropriate size for Stewart Park. People indicated support for the skate park to be upgraded but not significant support to expand it.

Fiscal Impact:

The estimated cost to prepare this report is $175.

Recommended Action:

Receive and file the survey results. Make any suggestions or remarks pertaining to the results and future improvement plans of Stewart Park .

Attachments:

A. Survey Results – Presentation Slides

198
Item 8.

WHO RESPONDED?
Age of Park Users, Household Size, and Area Code
HOW DID WE REACH OUT?
Methods used to reach out to r esidents
2 1

PARK FEATURES
Organized from highest to lowest priority3

DESIGN STATEMENTS
Public response to ideas for park design4

PARK INSPIRATION IDEAS
Ideas submitted by survey participants for design inspiration5 S T EWA R T P A R K I MP ROV EME N T P RO J E C TSurvey Results Summary 2 8 J U L Y 2 0 2 2
This document summarizes results gathered from a community input s urvey regarding the Stewart Park I mprovement Project.

COMMUNITY EVENT IDEAS 6
ADDITIONAL COMMENTS 7

KEY TAKEAWAYS
Overall summary of the ideas submitted by the survey participants

NEXT STEPS IN PARK DESIGN
Project timeline
8 9 199
Item 8.

Handouts in English and
Spanish at the 4th of July
event at Stewart Park
Mailed to residents in
surrounding blocks
Social media posts and
promoted on the city of
Beaumont's website.

Handouts to residents in nearby
multi-unit buildings
HOW DID WE REACH OUT?

EVENT HANDOUTS POSTAL SERVICES SOCIAL MEDIA

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS

RESIDENTIAL HANDOUTS
200
Item 8.

N
O
N-P
A
R
K
US
ERS 38%PARK USERS 62%
WHO RESPONDED?
Total submissions: 821
Average household size was
approximately 4 persons per
household.

We received responses from the
following areas codes:

AGE OF
PARK
USERS
0 - 5
16%
5 - 12
26%
12 - 18
19%
16 - 65
34%
65+
5%
Majority of submissions from
Beaumont residents.

Beaumont | 92223
Several submissions from Banning
residents.

Banning | 92220
Few submissions from Colton
residents.

Colton | 92324
Few submissions from Coachella
residents.

Coachella | 92236
A couple submissions from Cabazon
and Calimesa residents
OTHER | 92230, 92320
PARK
USERS

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS 201
Item 8.

RestroomPlayground (5 - 12)Splash PadLandscaping/Lighting ImprovementsWalking TrailsPlayground (2 - 5)Picnic Pavilions and BBQsParkingUpgraded Skate ParkBasketball CourtBandshell/StageGaga Ball Courts500 400
300
200
100
0 1

Low
Priority
2 3

PARK FEATURES
4 5

High
Priority

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS Rank the following park features with 1 being low
priority and 5 being high priority.
202
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree500
400
300
200
100
0 Strongly
Disagree
Disagree Neutral Agree Strongly Agree

THE PLAYGROUNDS SHOULD
INCLUDE A SHADE STRUCTURE.

More respondents strongly agreed that the
playground should include a shade structure than
any other design idea, suggesting that it should be
a top priority for the playground design.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
203
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree400
300
200
100
0 THE PLAYGROUND MUST BE

ACCESSIBLE TO PEOPLE OF ALL
AGES AND ABILITIES.

Most respondents strongly agreed or agreed that
the park should include an inclusive playground,
suggesting that the layout and equipment in the
playground should prioritize accessibility and
universal use.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
204
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree300
200
100
0 THE PARK SHOULD INCLUDE
MORE SEATING AREAS.

While fewer respondents strongly agreed that the
park needed more seating areas, a larger number
agreed with this statement, suggesting that while
seating areas may not be the top priority, the park
planners should thoughtfully integrate seating
areas into the design.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
205
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree250
200
150
100
50 0

THE PARK SHOULD INCLUDE

HEALTHY LIFESTYLE OUTDOOR

FITNESS AREAS DESIGNED FOR FREE

AND SAFE EXERCISE FOR ALL
MEMBERS OF THE COMMUNITY.

There were many respondents who strongly
agreed or agreed with including park features
related to fitness, while about half were neutral on
the idea, and a few disagreed, suggesting that
including fitness elements would be well received
but may not need to be the focus of the park.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
206
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree250
200
150
100
50 0

WATER EFFICIENCY SHOULD BE

A MAJOR CONSIDERATION FOR
THE NEW PARK DESIGN.

Most respondents agreed or were neutral about
water efficiency, suggesting that while the park
design will incorporate water efficient practices,
there may not be a major interest in educational
information about water efficiency or
demonstration gardens.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
207
Item 8.

Most respondents were neutral about including a
permanent amphitheater/bandshell, with more
agreeing than disagreeing with the statement. This
suggests that the City could utilize a temporary
stage for large events like the Cherry Festival and
have a smaller stage permanently at the park for
smaller events.Strongly DisagreeDisagreeNeutralAgreeStrongly Agree250 200
150
100
50 0

THE PARK SHOULD INCLUDE A

PERMANENT AMPHITHEATER /

BANDSHELL INSTEAD OF A
TEMPORARY ONE.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
208
Item 8.

Strongly DisagreeDisagreeNeutralAgreeStrongly Agree200
150
100
50 0

THE SKATE PARK SHOULD BE
EXPANDED.

Most respondents were neutral on the idea of
expanding the skate park; however, numerous
respondents indicated that they currently utilize
the skate park at Stewart Park or ride their
skateboard to the park. This suggests that while the
skate park is an important asset, it does not need
to be larger.

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS How do you feel about the following
statements about the design of the park?

DESIGN STATEMENTS
Strongly
Disagree
Disagree Neutral Agree Strongly Agree
209
Item 8.

Many great park designs are inspired by historical events, landmarks, people, or even trends within the communities in which they reside. Are there any local landmarks, historical stories, or design trends that could inspire the park redesign?

PARK INSPIRATION IDEAS
Several survey participants
wanted to see the Stewart
sisters incorporated into the
design and some of their
history and key contributions
to the park and city.

People wanted the overall
history of how Beaumont
came to be and the history of
the pioneers of the city of
Beaumont to be recognized
throughout the park. This
includes visible historic
elements of older buildings in
Beaumont such as the Hotel
Edinburgh, stagecoaches, and
even the railroads
Survey participants brought
up the point that the park
should reflect on what
Beaumont is best known for,
Cherry Fest. This included
paying homage to the
agricultural orchards and
having a country/western feel
to the park redesign.

People want to know more
about the indigenous cultures
of Beaumont and were
interested in incorporating
areas of their culture into the
park design.

STEWART SISTERS BEAUMONT PIONEERS AGRICULTURE INDIGENOUS STORIES Some Beaumont residents
stated that the windy weather
and beautiful mountain views
are iconic to Beaumont and is
something that should inspire
the park redesign.

Beaumont High graduate,
Tracy Dyson Caldwell went to
Space on multiple missions.

Several people pressed for a
NASA/space theme or
incorporating stories of
hidden figures, such as Tracy.

WIND / MOUNTAINS TRACY DYSON CALDWELL

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS 210
Item 8.

The park is home to the Cherry Festival and 4th of July Fireworks. What other types of community events would you like to see at the park?

COMMUNITY EVENT IDEAS
Movie night at the park
Music at the park
Bring back Concerts
Children learning activities
Scavenger Hunts
Musical learning activities
Ballet
Arts and crafts workshop
Workshops for people of
all ages and abilities
New Year's Eve ball drop
Memorial Day
Easter Event
Christmas light show
Halloween Event
MOVIES/MUSIC EDU. ACTIVITIES WORKSHOPS ADD'L. HOLIDAY EVENTS Black History Event (music)
Hawaiian Festival
Latin American Festival
Family fitness classes
Sport Camps - Youth learn
basic skills in a specific
sport
Local Beaumont artists can
share their creativity with
the community

MULTICULTURAL FITNESS CAMP FOOD FESTIVALS ART FESTIVALS Night market events
Weekly farmers market
events
Veggie/Vegan festival
Multicultural food festivals
Pumpkin patch

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS 211
Item 8.

KEY TAKEAWAYS

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS The playground and splash pad will be a central element of the park. It will be important to consider universal accessibility in the design and develop a play environment that offers a fun, quality, inclusive experience. The play areas will incorporate shade and could reflects some of the themes that people suggested, such as agriculture, key figures in Beaumont history, or the local environment.

Beaumont residents want to see overall park upgrades to make Stewart Park a more inviting destination. Beyond specific amenities, survey respondents indicated that they want to see general park improvements, like landscaping, lighting, and benches throughout the park that create spaces where people might want to go for photographs or special events.

Beaumont residents want to keep using Stewart Park and have great ideas for additional events there. A large, permanent stage may not be necessary for the park year-round, but a smaller bandshell or stage may work for these types of events.

While not the highest priority, active uses like basketball, walking, and outdoor fitness are considered important activities in the park. Creating spaces for flexible exercise, such as open fields for classes, informal sports, or disc golf, will be a consideration for the design. Few people showed enthusiasm for gaga ball courts so they will likely not be included in the final design.

The existing skate park is likely the appropriate size for Stewart Park. People indicated support for the skate park to be upgraded but not significant support to expand it. 212
Item 8.

ALTERNATIVE
DESIGN

P R E F E R R E D

A L T E RNA T I V E D E S I GN CONSTRUCTION DRAWINGS

NEXT STEPS IN PARK DESIGN

STEWART PARK IMPROVEMENT PROJECT COMMUNITY SURVEY RESULTS AUG
2022 2023

NOV FEB MAY AUGSEPTDECMARJUN SEPTOCT OCTJANAPRJUL
City Council
Meeting City Council
Meeting
65% Check-in
90% Check-in
100% Check-in
213
Item 8.

Staff Report

TO: City Council
FROM: Doug Story, Community Services Director
DATE August 16, 2022
SUBJECT: Approve Purchase Order for Coast Recreation, Inc. for the Purchase of a New Playground at Three Rings Ranch Park in an Amount Not to Exceed $140,974.38

Background and Analysis:

The State of California Parks and Water Bond Act of 2018, commonly referred to as Proposition 68 (Prop 68), was approved by voters on June 5, 2018. Prop 68 allocates funds to local governments on a per capita basis for local park rehabilitation, creation, and improvements. Recipients are encouraged to utilize awards to rehabilitate existing infrastructure and to address deficiencies in neighborhoods lacking access to the outdoors (PRC §80061(b)).

The City of Beaumont’s allocation is $197,952 and must be programmed for capital outlay for recreational purposes, either acquisition or development. Funding can only be used to supplement and not replace existing funding (PRC §80062(d)). On January 21, 2021, City Council approved a resolution to submit an application for the grant funding and in the Fall of 2021, staff was notified that the fund had been successfully awarded to the City of Beaumont.

As part of the grant, community participation is required in the process of design. Staff chose to wait until an appropriate time to conduct a park design community outreach at Three Rings Park. On April 27, 2022, staff hosted a “Pop Up in The Park” event immediately after school and surveyed hundreds of students and parents about amenities and design elements for the park. Participants were able to select colors, play elements, and design preferences that they look forward to having in the new playground and park.

The design chosen by community members was a Landscape Structures 5-12 year old playground with swings, climbers and a 2-5 year old fun dome for the community to enjoy. Landscape Structures is a playground manufacturer and the exclusive distributor 214
Item 9.

within Southern California is Coast Recreation, In c. This exclusive distribution agreement between the manufacture and the distributer allows the primary vendor to be the sole provider of the Landscape Structures designed playground. The municipal code states in §3.01.070-D that if “the product or service is proprietary in nature and can be obtained only from a limited number of contractors, and that no equivalent products or services are available, the notice inviting bids may be sent exclusively to such contractor.”

The remaining funds for the grant will be available to pay for installation costs and purchase additional park amenities, such as benches, tables, trash can enclosures, and drinking fountains.

Fiscal Impact:

The total cost of the playground is paid for by the Prop.68 Grant for a total of $140,974.38.

Recommended Action:

Approve the Purchase Order for Coast Recreation Inc. in the amount of $140,074.38.

Attachments:

A. Concept Design of Playground
B. Quote for Landscape Structures Playground

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DRAWING #:SYSTEM TYPE:Estimated manufacturing time: weeks from the time ofLSI order acceptance, or receipt ofSkyWays release of fabricationform if applicable.219Item 9.

00001995Quote Number
(714) 619-0106Fax
(714) 619-0100Phone
3151 Airway Avenue, #A-3
Costa Mesa, CA 92626
USA
Company Address
Steve HuntCreated By
$140,074.38Grand Total
$8,350.00Freight
$9,474.38Tax

7.75%Tax Rate
$122,250.00Material Total
**LEAD TIME INDICATES MFG. TIME.

TRANSIT TIME IS ADDITIONAL AND VARIABLE**
Steve HuntOpportunity Owner
50% Deposit / Balance Net 30Credit Terms
8/19/2022Expiration Date
16 weeksLead Time
DestinationFOB
7/20/2022Created Date
+1 951-769-8520Phone
City of BeaumontAccount (Billing)
BeaumontProject City
Three Rings Ranch - Play QuoteQuote Name
WE ARE PLEASED TO SUBMIT THIS PROPOSAL TO PROVIDE THE FOLLOWING ITEMS:

Quantity Product
Type
Product
Code Line Item Description Total Price

1.00 LSI PlayBooster PlayBooster 5 to 12 Year Old Play Structure, per Drawing #1157782-02-02, includes play structure, integrated shade, swings, curva spinner $122,250.00 TOTALS
220
Item 9.

Staff Report

TO: City Council
FROM: Sean Thuilliez, Chief of Police
DATE August 16, 2022
SUBJECT: Approval to Purchase Four (4) Electric Police Motorcycles

Background and Analysis:

The City of Beaumont receives AB 2766 funds to implement programs that reduce air pollution from motor vehicles. The AB 2766 Subvention Program provides a funding source for cities and counties to meet requirements of federal and state Clean Air Acts, and for implementation of motor vehicle emission reduction measures in the South Coast Air Quality Management Department (AQMD) Air Quality Management Plan.

Local governments establish project implementation choices based on their individual need and requirements.

An allowable use of these funds is purchasing zero-emission electric vehicles and supports California’s transition to zero or near zero motor vehicle technologies and related infrastructure. The City has $101,000 of AB 2766 funds and is requesting to purchase electric vehicles that will decrease fuel-burning emissions from the Police Department fleet.

The Police Department currently has two (2) gasoline powered motorcycles for traffic enforcement purposes. These motorcycles have been in service since 2012 and are at the end of their service life. Staff is requesting to purchase four (4) electric police motorcycles to modernize the motorcycle fleet and to allow for expansion of the unit and enhancement of the traffic program. The two gas powered mot orcycles will be kept for training purposes.

Zero Motorcycles is an American manufacturer of electric police motorcycles. The police model is named the “DSRP.” Several other law enforcement agencies throughout the nation have successfully deployed these m otorcycles and have given positive reviews.

Currently, they are the most tested and reliable police motorcycle on the market.

Motorcycles from other competitors require outfitting for law enforcement use, while Zero Motorcycles manufacture a police specific model.
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Item 10.

Palm Springs Motorsports is the local dealer for Zero Motorcycles and provided an invoice for four (4) DSRP motorcycles (Attachment A)

Each motorcycle will require the installation of a Beaumont Police Department radio, helmet intercom system and graphics. A quote from 10-8 Retrofit, Inc. and Graphix Systems has been provided as Attachments B and C.

Fiscal Impact:

The total cost to purchase four (4) Zero DSRP Electric Police Motorcycles from Palm Springs Motorsports is $126,624.56 including sales tax and licensing. The cost to equip the motorcycles with radios and intercom system is $19,745.20. The cost of graphics and application is $533.95. For a total project amount of $146,903.71.

After applying $101,000 of AB 2766 funds towards the purchase of the motorcycles, the remaining balance of $45,903.72 will be paid from the City’s General Fund within the Police Department Budget.

Recommended Action:

Approve the purchase of four (4) Zero DSRP Electric Police Motorcycles from Palm Springs Motorsports in the amount of $126,624.56.

Approve the costs of radio and communications equipment installation from 10-8 Retrofit, Inc., in the amount of $19,745.20.

Approve the purchase and installation of police graphics from Graphix Systems in the amount of $533.96.

Approve the use of $101,000 of AB 2766 funds to apply towards this project.

Attachments:

A. Invoice from Palm Springs Motorsports for four (4) DSRP motorcycles B. Quote from 10-8 Retrofit, Inc for radio and communications equipment installation
C. Quote from Graphix Systems for application of graphics 222
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Estimate
Date
7/23/2022
Estimate #
18627
Name / Address

BEAUMONT PD
Beaumont Police Department
660 Orange Avenue
Beaumont, CA 92223
951-769-8500
Ship To

BEAUMONT PD
Beaumont Police Department
660 Orange Avenue
Beaumont, CA 92223
951-769-8500
10-8 RETROFIT, INC
415 W MAIN ST
ONTARIO, CA 91762
P.O. No.Terms
Net 30
Due Date
8/22/2022
RepModelYear/ Make of Vehicle
Phone #
909-986-5551
Fax #
909-986-5506
E-mail
[email protected] Total
Subtotal
Sales Tax (7.75%)
Item Description Qty Rate Total
>>>HEADSET >>WIRE/LABOR >>THIS IS A ROUGH ESTIMATE, SUBJECT TO CHANGE<<< QUOTE GOOD FOR 30 DAYS FROM DATE ON ESTIMATE
CALIFORNIA CERTIFIED SMALL BUSINESS #1758177

SALES TAX WILL BE CHARGED ON ANY LABOR FOR VEHICLES WITH FEWER THAN 500 MILES PER CA STATE BOE REGULATIONS
$4,936.30
$4,581.25
$355.05
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Estimate
7/20/2022
5205
Name / Address
Beaumont Police Department
660 Orange Avenue,
Beaumont Ca 92223
Ship To
P.O. No.

Chris Ramos
Terms
Due on receipt
Rep
ARF
Project
Beaumont Police De...

Approval Signature Total
Subtotal
Sales Tax (7.75%)
Item Description Qty Cost Total
Digital Print Digital print on High Performance Print Material w/ UV Laminate - "Beaumont Police Motorcycle Decal Package" Silver w/ Black Fade and White Outline For Both Sides of Motorcycles
4 45.00 180.00T
Labor Labor To Install Logos on Motorcycles 4 85.00 340.00 _____________________________________
This quote is valid for 30 days.
$533.95
$520.00
$13.95
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Item 10.

Staff Report

TO: City Council
FROM: Sean Thuilliez, Chief of Police
DATE August 16, 2022
SUBJECT: Adopt a Resolution Authorizing the Mayor and the Chief of Police to Sign a Federal Equitable Sharing Agreement that Will Allow the City to Receive Federally Forfeited Assets from Adjudicated Cases, Pursuant to the Federal Equitable Sharing Program

Background and Analysis:

The Beaumont Police Department participates on many regional task forces, as a result, the City has the opportunity to receive federally forfeited funds. In addition to the task force participation, the police department’s Multiple Enforcement Team (MET) and K9 teams also conduct street level narcotic and drug interdiction investigations. However, in order to receive such assets, it is required that the City have a Federal Equitable Sharing Agreement on file with the Department of Justice and the Department of the Treasury.

Some of the investigations conducted by MET and K9 may result in the seizure of assets (cash and/or property) that could be determined to be the proceeds of illegal drug transactions or used in the furtherance of illegal transactions. These drug assets may be seized under state or federal law. If the assets are proven to be drug-related, they are subject to forfeiture by a court of law. Once deemed legally forfeited, the assets may be available to be shared with agencies that were involved in the seizure.

There are strict guidelines under both state and federal law governing the use of forfeited assets by cities and counties. These assets must be used for law enforcement purposes to supplement the regular budgeted items. There are strict prohibitions against supplanting General Fund allocations with forfeited funds. The use of forfeited assets is a very cost-effective way to further public safety goals without impacting the General Fund.

If a drug asset is forfeited under federal law, the responsible federal agency is not able to transfer that asset to local law enforcement agencies involved without a signed 227
Item 11.

Federal Equitable Sharing Agreement on file. This must be on file with both the Department of Justice and the Department of the Treasury. This agreement states that the City will comply with the following conditions upon receipt of a federally forfeited asset:

1. The forfeited funds will not be commingled with funds from other sources and will be accounted for using a separate revenue account or accounting code.

2. Interest earned on federally forfeited assets must be accounted for in the same account as the forfeited assets.

3. The forfeited funds will be subject to all standard accounting requirements as well as to specific requirements for federally forfeited funds.

4. The City (via the Police Department) will submit annual Certification Reports to the Department of Justice and the Department of the Treasury accounting for the shared federal funds.

The Police Department will be responsible for ensuring the City’s compliance with the agreement, including the annual reporting. Staff will work with the Finance Department regarding the accounting aspects of the agreement to ensure the forfeited funds and earned interest are tracked separately from other funds and utilized in accordance with federal law. The Federal Equitable Sharing Agreement each year requires the signatures of both the head of the Governing Body for the City and the Chief of Police.

Fiscal Impact:

If any federally forfeited funds are shared with the Police Department, the funds will benefit the City for one-time allocations such as equipment purchases or training. There will be a minimum amount of staff time needed within the Police Department to ensure proper accounting of the funds and compliance with the sharing agreement.

Recommended Action:

Attachments:

A. Resolution
B. Federal Equitable Sharing Agreement
228
Item 11.

RESOLUTION NO. 2022-_____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BEAUMONT,

CALIFORNIA, AUTHORIZING THE MAYOR AND THE CHIEF OF POLICE TO

EXECUTE A FEDERAL EQUITABLE SHARING AGREEMENT

WHEREAS, each year the City of Beaumont is required to submit a Federal Equitable Sharing Agreement in order to receive federally forfeited funds or assets; and

WHEREAS, the Agreement sets forth the requirements for participation in the Federal Equitable Sharing Program; and

WHEREAS, the Agreement must be signed by the head of the Governing Body for the City and the Chief of Police; and

WHEREAS, any shared asset shall be used for law enforcement purposes in accordance with the statutes and guidelines that govern the Federal Equitable Sharing Program.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Beaumont does hereby authorize the Mayor and the Chief of Police to execute a Federal Equitable Sharing Agreement with the United States Department of Justice and the United States Department of the Treasury.

PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Beaumont, California, held on the 16th day of August, 2022, by the following roll call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

____________________________
Lloyd White, Mayor
ATTEST:
(SEAL)

_________________________________
Nicole Wheelwright, Deputy City Clerk

APPROVED AS TO FORM:

______________________________
John O. Pinkney, City Attorney
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Item 11.

Staff Report

TO: City Council
FROM: Thaxton Van Belle, General Manager of Utilities
DATE August 16, 2022
SUBJECT: Receive and File Change Order 24 for the Wastewater Treatment Plant Upgrade/Expansion

Background and Analysis:

The City of Beaumont has constructed an upgrade/expansion project at the existing wastewater treatment plant (WWTP). As part of the membrane bioreactor (MBR) treatment system replacement, a deduction of ($-329,839.12) will be applied to the contract and W.M. Lyles will release such amount to the City.

Fiscal Impact:

The W .M. Lyles contract for the WWTP Plant Upgrade/Expansion project shall be reduced by the sum of -$329,839.12.

Recommended Action:

Receive and file Change Order 24 in the amount of (-$329,839.12).

Attachments:

A. Change Order 24
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Item 12.

Staff Report

TO: City Council
FROM: Thaxton Van Belle, General Manager of Utilities
DATE August 16, 2022
SUBJECT: City Council Approval of Change Order No. 25 for the Wastewater Treatment Plant Upgrade/Expansion in the Amount Not to Exceed $185,639.07 for Plant Improvements

Background and Analysis:

Wastewater Treatment Plant Change Order No. 25:

Item No. 1 – Eaton Variable Frequency Drive Deduction
Upon selection of Aerzen blowers for the solids handling tanks, three variable frequency drives (VFD)s included in the original design became unnecessary for the project.

The deduct for this item is -$47,042.54.

Item No. 2 – Equalization Basin Pressure Reducing Valve Addition Following the installation of tipping buckets designed to clean the equalization (EQ) basin, it was determined that the flow demand during the fill time would cause pressure drops across the non-potable water (NPW) system. The pressure drops cause alarms throughout the plant for equipment reliant upon the NPW. The installation of a pressure reducing valve (PRV) installed ahead of the tipping buckets will maintain pressure in the NPW system. The cost of this work is $21,850.57.

Item No. 3 – Roadway Adjustments
Roadway modifications southeast of the MBR building are needed to accommodate the turning radius of currently operated solids hauling trucks. In addition to modifying the roadway and associated curb, relocation of an existing fire hydrant and bollards is also required. The cost of this work is $101,408.24.

Item No. 4 – Huber Fine Screen Spray Bar Addition Support Since the installation of the fine screens, the City has experienced issues with fibrous materials collecting on the fine screens and clogging the perforations. As part of Change Order 22, the City opted to add additional high pressure spray bars to combat 238
Item 13.

the issue. W .M. Lyles assisted in the repair and installation of the spray bars on a time and material basis. The cost for this work is $21,296.55.

Item No. 5 – Reverse Osmosis System Chemical Vents and Containment The reverse osmosis system’s chemical dosing skids include several connections that need to be vented with any potential liquids captured and contained. Due to the remote location of the chemical tank farm, it was not feasible to run a return line all the way back to the storage tanks. Alternatively, alarmed, five-gallon double containment tanks were installed below the chemical feed skids to capture any nuisance liquids. The cost of this work is $13,126.25.

Item No. 6 – Waste Activated Sludge Pump Station Piping Replacement Installation of new Waste Activated Sludge (WAS) pumps utilized portions of existing buried piping and valves. Following start up the of the new pumps, it was determined that some of the existing valves were defective and obstructed flow to the pumps. The proposed solution is to install a new header of pipe and valves, bypassing the defective buried equipment. The cost of this work is not to exceed $75,000.

Summary of Change Order No. 25 Costs:

The cumulative costs and credits associated with this change order is in the amount not to exceed $185,639.07 and will not impact the project schedule. The summary and details for each change order are attached.

CO No. Description Reason for Change Amount
1 MBR System
Improvements
Enhance the
performance of MBR
System
$149,741.00
2 RO System Electrical
Modifications & Storm
Drain System Material
Change
Design & Material
Updates ($245.00)
3 New Aeration Basin 1
through 3 Excavation
Conflict with Existing
Utilities $19,998.00
4 Structural and Mechanical
Modifications
Pre-Selected
Submittals $57,450.64
5 Vactor Truck Dump Station
Modifications
Conflict with
Construction NTE
$15,000.00
6 EDI/Fine Coarse Bubble
Diffuser Equipment Design Change $24,298.00
239
Item 13.

7 Various Changes –
MBR/RO Structural, Site
Civil & Headworks SCADA
Design Modifications
Design Changes $59,167.49
8 Various Changes -
Demolition, Piping
Realignment, Material
Change, and Electric
Actuated Valve Voltage
Change
Unforeseen
Conditions and Value
Engineering
$6,067.00
9 Various Changes - Solids
Handling Bldg. Conveyor
Capacity Increase,
Electrical Yard Vault Cover
Changes, Additional
Pothole Investigation and
Existing Duct Bank
Removal, and Yard Utilities
Design Changes,
Conflict with
Construction, Owner
Requested Changes
$138,531.73
10 MBR Chemical Area
Changes & Other Misc.

Changes and Inclement
Weather Impact Nov-18 to
May-19
Owner Requested
Changes & Inclement
Weather
$596,031.05
11 Frontier Internet Provider
Duct Bank Modifications,
30-inch MBR & 20-inch
Plant Effluent Pipeline
Elevation and Alignment
Modifications, Additional
Safety Required Handrail
at Retaining Wall and
Generator
Design Changes, &
Conflict with
Construction
$81,128.29
12 RO-Sulfuric Acid Chemical
Piping Material Change,
Solids Feed Pump TR/TSH
Thermocouple Elements,
Solids Handling Bldg.

Changes
Design Changes,
Owner Requested
Changes
$91,417.26
13 Plant Effluent Chemical
Area Changes
Owner Requested
Changes $404,821.33
240
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14 ADA Compliance Men’s –
Women’s Restroom
Modifications & SCE
Required Additional 4/0
Ground Cable
Design Changes &
SCE Requirements $12,311.12
15 Aeration Basin 24” Air
Piping Block-outs and Pipe
Seals, Modifications to
HACH Instrumentation
Communications Protocol,
MBR Module Lifting Safety
Device, RO CIP-Skid
Discharge Orifice Plate
Addition
Design Changes,
Owner Requested
Changes
$79,713.39
16 Pump station at the EQ
Basin
Design Changes,
Owner Requested
Changes
NTE
$667,487.82
17 RW FUTURE PUMP
STATION, Weather Time
Extension, Valve
Modifications, MBR Feed
Pump Seal Water Control
Changes
Design Changes,
Owner Requested
Changes, Unforeseen
Conditions
NTE
$159,442.86
18 Construction Cost of UV
System, Weather Time
Extension
Design Changes,
Unforeseen
Conditions
NTE
$1,788,568.52
19 Aeration Basin 1-4 MOV
Extension Risers, Aeration
Basin Network Switch for
HACH Instruments, Fine
Screens, MBR Addition
Design and Scope
Changes $ 95,556.60
20 Truck Scales Design Change NTE
$113,100.05
241
Item 13.

21 Line Connections on 4th
Street, Effluent Analyzers
and Sampler Additions,
Yard Piping, Fine Screens
Cleaning Pressure
Washer, MBR RAS
Pumps, Additions to
Sludge Holding Tanks,
Delay Decommissioning
Existing Power, Weather
Impact Dec 2020-April
2021
Design Change NTE
$213,164.76
22 Existing Centrifuge Drain
to Cooper Lift Station, IPS,
Sludge Tank Blowers,
MBR Chemical Skid
Discharge Vent System,
UV Network Switch for
Carlos Connection
System Improvements NTE
$28,006.52
23 MBR Replacement System Improvements NTE
$5,143,400.00
24 Fibracast MBR System
Replacement Deduction System Improvements $ (329,839.12) 25 Eaton VFD, EQ Basin
PRV, Roadway
Adjustment, Huber Fine
Screen Spray Bar, RO
Chemical Vents &
Containment, WAS Pump
Station Piping
Replacement
Plant Improvements $ 185,639.07
WWTP
Contingency Budget Amount Change Orders 1-25 Remaining
$11,624,252.52 $9,799,958.38 $1,824,294.14

242
Item 13.

Fiscal Impact:

Wastewater Treatment Plant Expansion/Renovation:

The project accounting below represents the status of funds should the change order be approved by City Council. A contingency balance of $1,824,294.14 would remain should City Council approve this item.

WWTP Budget Amount Paid to Date Remaining
Design $ 2,697,942.63 $ 2,566,070.75 $ 131,871.88 Construction
Management $ 6,565,381.75 $ 6,236,467.68 $ 328,914.07 Equipment $ 252,906.00 $ 340,420.19 $ (87,514.19) Permits $ 324,776.76 $ 121,450.10 $ 203,326.66 Construction $ 53,910,737.00 $ 51,047,292.65 $ 2,863,444.35 Contingency $ 11,624,252.52 $ 7,840,572.82 $ 3,783,679.70 Unallocated $ 958,435.72 $ - $ 958,435.72 Total $76,334,432.38 $68,152,274.19 $8,182,158.19

Recommended Action:

Approve Change Order No. 25 for the Wastewater Treatment Plant Upgrade/Expansion in the amount not to exceed $185,639.07, to be applied to the preapproved contingency funds.

Attachments:

A. Change Order 25
243
Item 13.

Change Order No.

Eaton Credit, PRV at EQ, Roadway Mods, Huber Fine Screen Mods, RO Chemical Vent and Drain, WAS Mods Project:Owner:Contract No:C18-80
Contractor:

Original Contract Amount:

Contract Amount change from previously approved Change Orders 1-24:

Contract Amount Prior to this Change Order:

Contract Amount increased by this Change Order:

Contract Amount incorporating this Change Order:

Notice to Proceed Date:

Original Contract Duration:Calendar Days
Original Contract Completion Date:

Net change from previously approved Change Orders 1-23:

Contract Completion prior to this Change Order:

Contract Completion increased / (decreased) by this Change Order:

Contract Completion incorporating this Change Order:

RECOMMENDED:

Albert A. Webb Associates, Construction Manager DATE
ACCEPTED:

W.M. Lyles Co., Contractor DATE
APPROVED:

Albert A. Webb Associates, Program Manager DATE
APPROVED:

City of Beaumont, City Manager DATE
$9,434,983.31
25 Wastewater Treatment Plant Salt
Mitigation Upgrade Project
City of Beaumont
W.M. Lyles Co.

CHANGE IN CONTRACT PRICE:
$53,312,000.00
12/31/2022
$62,746,983.31
$185,639.07
$62,932,622.38
CHANGE IN CONTRACT TIMES:
10/29/2018
820
1/26/2021
650
12/31/2022
0 DESCRIPTION OF CHANGE:

This change order covers changes to the subject contract as described herein. The Contractor shall supply all labor, equipment, and materials to complete the Change Order items for the not-to-exceed price agreed upon herein.

The amount of the Contract will be increased by One hundred eighty five thousand six hundred thirty nine dollars and seven cents, $185,639.07. Pricing was based on a lump sum and not-to-exceed basis.

The Contract Time will be increased by zero (0) calendar days.

The Contractor agrees to furnish all labor, equipment, and materials and to perform all other necessary work, inclusive of the directly or indirectly related work, within the approved time extension required to complete the above Change Order items. The undersigned Contractor approves the foregoing Change Order as to the changes, if any, in the Contract Price specified for each item including any and all supervision costs and other miscellaneous costs relating to the change in Work, and as to the extension of time allowed, if any, for the completion of the entire Work on account of said Change Order. The City and the Contractor hereby agree that this Change Order constitutes full mutual accord and satisfaction for all time, all costs, and all impacts related directly or indirectly to this Change Order. The Contractor hereby agrees that this Change Order represents the full equitable adjustment owed under the Contract, and further agrees on behalf of himself and all subcontractors to waive all right to file any further claims or request for equitable adjustment arising out of or as a result of this Change Order or the cumulative effect of this Change Order on the performance of the overall Work under the Contract. This document will become a supplement of the contract and all provisions will apply hereto. It is understood that the Change Order shall be effective when approved by the City.

Attachments: Eaton Letter, COPs 68R1, 70, 71, 72 and 73 CO No. COR No. Description
Calendar Days
Requested
Change Order
Amount
025 - Eaton VFD Deduct 0 -$47,042.54
025 68R1 EQ Basin PRV Addition 0 $21,850.57
025 070 Roadway Adjustments 0 $101,408.24
025 071 Huber Fine Screens Replacement 0 $21,296.55
025 072 RO Chemical Vent and Drain 0 $13,126.25
025 073 WAS Pump Station Piping Replacement 0 $75,000.00 TOTAL $185,639.07
Approved
244
Item 13.

Eaton Corporation
4863 Shawline St.

San Diego, CA 92111

June 14, 2022

Greg Furton
CED
5457 Ruffin Rd
San Diego, CA 92123

Project: City of Beaumont WWTP Salt Mitigation
Eaton General Order #MLA0009343
CED PO# 7125-MG927479D

Subject: VFD's DCM LCP-P-7211, LCP-P-7212, LCP-P-7213
Deduct for Drives

Greg,

Eaton is offering a deduct of $47,042.54 D/N for the above (3) drives on this project. No invoices have occurred for these drives. Eaton needs an updated PO reflecting their deletion from the PO for this amount to remove them from the above open order.

Upon completion of your updated PO and our Services work, this would close out the project.

Please let me know if you have any questions.

Sincerely,

Brad Jensen

Brad Jensen
Area Sales Manager – San Diego, CA
[email protected]

cc – Dennys Olcese – Eaton
Jon Aragon – Eaton

245
Item 13.

Memorandum
To: City of Beaumont

From: Reed Chilton, Albert A. Webb Associates

Date: July 29, 2022

Re: Beaumont MBR Replacement – COP 68R1 EQ Basin PRV Addition

Following the installation of equalization basin tipping buckets, it was determined that the flow demand during the filling of buckets was causing pressure decrease in several locations in the non-potable water (NPW) system. Specifically, nuisance alarms were observed at the new dewatering equipment during the daily startup of centrifuges which typically coincided with the filling of tipping buckets. The installation of the pressure reducing valve at the main line to equalization basin tipping buckets allowed for control of flow (pressure) provided to the tipping buckets. This resulted in improved NPW system pressure and operation of dewatering equipment.

Clarification 50 was issued on 11/23/2021
Work was performed on a Time and Materials Basis. The scope of work and pricing was reviewed by the construction management and design team.

The total cost to the project was $21,850.57.

Attachments:
- COP 68R1
- Clarification 50
246
Item 13.

Page 1 of 2 ends

CITY OF BEAUMONT WWTP SALT MITIGATION UPGRADE PROJECT

CHANGE ORDER PROPOSAL (COP) #068 R1
(By Contractor)

To (Engineer/CM):

WEBB
Attention: Reed Chilton
Phone: 951-830-5746
Email: [email protected]
From (Contractor):

W.M. Lyles Co.

Attention: Sean MacGregor
Phone: 951-201-1832
Email: [email protected]

PCO/DCM No.: CLAR 50
Subject: EQ Basin PRV Addition
Reference Documents: N/A

DESCRIPTION
This Change Order Proposal is to install a new owner-supplied PRV with associated piping and ball valves per CLAR-50. Please note that this proposal is for installation of Stainless Steel piping, not DIP. All work was performed on a T&M basis.

Exclusion:

1. Procurement of 4” CLA-VAL Pressure Reducing Valve

2. Procurement of Upstream and Downstream Gauges. Per conversation with MWH, the 4” CLA-VAL valve already comes with pressure gauges.

COST ESTIMATE
Total Cost: $ 21,850.57 – see attached breakdown.

SCHEDULE IMPACT
Once approved, WML will submit a TIA for a schedule time extension for this scope of work.

Received by MWH Constructors (Date):
247
Item 13.

Page 2 of 2 ends

RESPONSE

Response By: Date:

Final Distribution: Sean MacGregor, W.M. Lyles Co.

Brian Knoll, Webb Associates
MWH Inspector
248
Item 13.

W. M. Lyles Co.
42142 Roick Drive Date: 15-Jul-22
Temecula, CA 92590
Reference #: CLAR-50
Attention: Charles W. Reynolds
5/3 T&M City of Beaumont WWTP Slat Mitigation Upgrade Project DESCRIPTION: EQ Basin PRV Addition Constructed on T&M Basis Item: Unit Total MH Total MH Cost Eq. Cost Material Subcont. Total Cost 1 LS 98.5 7,997.22$ 1,543.33$ 9,271.83$ -$ 18,812.38$ 2 LS 0 -$ -$ -$ -$ -$ 3 LS 0 -$ -$ -$ -$ -$ 4 LS 0 -$ -$ -$ -$ -$ 5 LS 0 -$ -$ -$ -$ -$ 6 LS 0 -$ -$ -$ -$ -$ Total Costs 98.5 7,997.22$ 1,543.33$ 9,271.83$ -$ 18,812.38$ Subtotal
15%
15%
15%
5%
Bond 1.0%
Total This Change Order
Comments:
216.34$
21,850.57$
EQ Basin PRV Addition Summary Total
-
-
-
-
-
1,390.77$
18,812.38$
Mark-up - Labor
Mark-up - Equipment
Mark-up - Materials
Mark-up - Subcontractor
1,199.58$
-$
231.50$
249
Item 13.

City of Beaumont WWTP Slat Mitigation Upgrade Project

A. Labor CLAR-50

ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT 4 8
2 2
8 16
6 12
8 16

5.5 11

33.5 0 0 65 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Name ST PT DT ST PT DT
Lab Pipe FM $82.92 $110.44 $137.96 33.5 0 0
Lab Pipe $80.30 $106.51 $132.73 65 0 0
Operator $102.25 $136.61 $170.98 0 0 0
Carp $85.74 $114.80 $143.87 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
99 0 0
Total Labor =
B. Equipment
2 Number Description Rate

18.305 33

70.014 14

32.037 4

40.133 5

30.048 0

40.094 0

17.120 0
56 Total Equipment =
C. Materials
Quantity Unit
1 LS
1 LS
1 LS
1 LS
1 LS
1 LS
2 EA
56 MHR

Total Material =
D. Subcontractor
Quantity Unit
1 LS
Total Subcontract =
5/4 T&M
5/4 T&M
1 Ton Gang TruckFordF350 Ext Cab
Pipe ThreaderRidgid535A
ReachliftXtremeXR1055
Description
5/9 T&M
Air CompressorSullivan - PalatekD185PDZ
Foreman Truck
Loader Backhoe 410John Deere410L
Air CompressorIngersol Rand185 CFM
5/3 T&M
5/6 T&M
5/10 T&M
5/24 T&M
5/3 T&M
5/6 T&M
5/9 T&M
Lab Pipe FM Lab Pipe Operator Carp
Rate Hours
Extension
$2,777.70
8 $5,219.52
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$7,997.22
$7,997.22

18.305
4 8
6 5
33 70.014
8 6
14 32.037
4 40.133
5 30.048 40.094 17.124
0 04 05
$1,543.33
$0.00
$0.00
$64.30
$20.19
$0.00
Extension
$976.80
$231.14
$234.44
$100.95
$29.60
$58.61
$20.19
$29.60
$16.51
$6,809.65
$551.66
$187.80
$978.75
Hours
Price
6,809.65$
551.66$
187.80$
Extension
Home Depot 4620698
154.43$
Core&Main Q839484
Core&Main Q839485 978.75$
McMaster Carr 77211644
McMaster Carr 77244179
West Pack Products 11076
$196.00
$0.00
SS BNGs KITS W/ISOLATING KIT 165.00$

3.50$ CONSUMABLES
Price
$0.00
Freight
$0.00
$0.00
$9,271.83
Extension
$0.00
-$
5/10 T&M
5/24 T&M
Description

63.54$ $63.54
$154.43
$330.00
250
Item 13.

251Item 13.

252Item 13.

253Item 13.

254Item 13.

255Item 13.

256Item 13.

257Item 13.

258Item 13.

259Item 13.

260Item 13.

261Item 13.

262Item 13.

263Item 13.

File No. CLAR-50

CITY OF BEAUMONT WASTE WATER TREATMENT PLANT

SALT MITIGATION UPGRADE PROJECT

Page 1 of 1 ends

CLARIFICATION 50

To (Construction Manager): Stantec
Attention: Charles Reynolds
Phone: 702-497-8024
Email: [email protected]

From (Engineer): Aqua Engineering
Attention: Boris Petkovic
Phone: 801-683-3734
Email: [email protected]

Subject: Eq. Basin PRV Addition Location: MBR Building Reference Documents: Drawing Nos. EQM-6 (New Drawing)

CLARIFICATION
Note the following:

To control the fill rate of Eq. Basin tipping buckets and minimize the NPW system pressure drops during the tipping bucket filling a PRV is added on the main NPW supply line to tipping buckets. The attached EQM – 6 drawing shows the proposed piping changes and PRV installation requirements. In addition, the PRV cut sheet indicating the required PRV size and model is attached as well as drawing C-2 showing the approximate location of the PRV.

Prepared By (Name): Boris Petkovic, Aqua Engineering
Date: 11/23/2021
Distributed By: Date:

264
Item 13.

SCALE: 1"=1'-0"PLAN123CD-3Scale in Feet012SCALE: 1"=1'-0"SECTIONF-Scale in Feet012FTO EQBASIN6'-0"8" MIN(TYP)CONCRETESLAB ON GRADESEE DETAILXXFUSE TO EXISTING4" HDPE (TYP)MFV-1582(SEE NOTE 2)6277PIPE SCHEDULENO. DESCRIPTION SIZE JOINT MATERIAL1234567FLANGE ADAPTER W/ BACKER RING4"FUSEDHDPE90° BEND4"FLGDIPSPOOLFLANGE COUPLING ADAPTERSPOOLVICFLANGE4"FLGxPEDIP4"FLGDIP4"FLGDIPSPOOL4"DIPVIC4"DIP1PIPI6277221EXISTING 4" HDPEEXISTING4" HDPE3'-6"PIMFV-1582(SEE NOTE 2)62776277543214321TO EQBASINEXISTING4" HDPE123CD-3CONCRETESLAB ON GRADESEE DETAILFUSE TO EXISTING4" HDPE (TYP)EXISTING 4" HDPE2'-7"ADJUSTABLEPIPE SUPPORTSEE DETAIL (TYP)532MD-4PIPE SLEEVESEE DETAIL (TYP)377SD-7CUT ANDREMOVE PORTIONOF EXISTING 4" HDPEPIPE AS REQUIREDNOTES:1-PROVIDE PIPE SUPPORTS AS SHOWN IN DETAIL 532 ON SHEET MD-4 IN LOCATIONS MARKED WITH AN "X" OR AS REQUIRED.2-CLA-VAL 4" PRESSURE REDUCING VALVE MODEL 90-01 (WITH SS TRIM) ADJUSTMENT RANGE 20 TO 105 PSI.3-MUELLER A-2361 WITH SS STEM (304) OR EQUAL.HV-1583(SEE NOTE 3)4"PI*******SCH 40 SS PIPE MAY BE USED WITH THREADED FITTINGSSHEET ADDED TO SETSHEETORIGINAL CHECKEDDRAWNDESIGNDATENO. DRAWING IS TO SCALEIF BAR MEASURES:1" = FULL SCALE1/2" = HALF SCALEREVISIONS3788 McCRAY STREET RIVERSIDE CA. 92506
PH. (951) 686-1070
FAX (951) 788-1256 E N G I N E E R I N G
PHONE (801) 299-1327 FAX (801) 299-0153
533 W 2600 S, SUITE 275, BOUNTIFUL, UT 84010
THIS DRAWING IS PROPERTY OF AQUA ENGINEERING INC. AND IS TRANSMITTED IN CONFIDENCE NEITHER RECEIPT NOR POSSESSION CONFERS OR TRANSFERS ANY RIGHTS TO REPRODUCE, USE, OR DISCLOSE, IN WHOLE OR IN PART, DATA CONTAINED HEREIN FOR ANY PURPOSE WITHOUT THE WRITTEN PERMISSION OF AQUA ENGINEERING INC. © COPYRIGHTED 2016 BOUNTIFUL, UTAH

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE

EQUALIZATION BASIN
PRV MECHANICAL PLAN AND SECTIONEQM-60 11/19/21 BP BDP JRL C:\Users\brett.pratt\Aqua Engineering\Beaumont - WEBB170227 Salt Mitigation WWTP Upgrade\050 Drafting\000 General\Drafting\EQ BASIN\EQM-6.dwg, 11/22/2021 1:24:15 PM, brett.pratt 265Item 13.

266
Item 13.

267
Item 13.

268
Item 13.

269
Item 13.

Proposed PRVlocation270Item 13.

Memorandum
To: City of Beaumont

From: Reed Chilton, Albert A. Webb Associates

Date: July 29, 2022

Re: Beaumont MBR Replacement – COP 70 Roadway Adjustment

Roadway modifications southeast of the MBR building are needed to accommodate the turning radius of currently operated solids hauling trucks. In addition to modifying the roadway and associated curb (as indicated in attached drawings C-4, C-5, and C-6), relocation of existing fire hydrant and bollards is also required as indicated in attached drawing C-23.

The Contractor provided a proposal to perform his work. The scope of work and pricing was reviewed by the construction management and design team.

The total cost to the project was $101,408.24.

Attachments:
- COP 70
271
Item 13.

Page 1 of 2 ends

CITY OF BEAUMONT WWTP SALT MITIGATION UPGRADE PROJECT

CHANGE ORDER PROPOSAL (COP) #070
(By Contractor)

To (Engineer/CM):

WEBB
Attention: Reed Chilton
Phone: 951-830-5746
Email: [email protected]
From (Contractor):

W.M. Lyles Co.

Attention: Oscar Mendoza
Phone: 619-565-6064
Email: [email protected]

PCO/DCM No.: CLAR 52
Subject: Roadway Adjustments
Reference Documents: Attached

DESCRIPTION
This Change Order Proposal is to perform roadway adjustments as specified on CLAR 52 attached.

Conditions:

1. Paving work shall be completed before 5/31/22, otherwise price increases apply.

2. $6,615 CREDIT if excess material can be left onsite in stockpile

COST ESTIMATE
Total Cost: $ 108,023.24 – see attached breakdown.

SCHEDULE IMPACT
N/A
Received by WEBB (Date):
272
Item 13.

Page 2 of 2 ends

RESPONSE

Response By: Date:

Final Distribution: Grant Gourley, W.M. Lyles Co.

Brian Knoll, Webb Associates
WEBB Inspector
273
Item 13.

W. M. Lyles Co.42142 Roick DriveDate: 25-Apr-22Temecula, CA 92590 Reference #: CLAR-52Attention: Reed ChiltonJOB LOCATION: City of Beaumont WWTP Slat Mitigation Upgrade ProjectDESCRIPTION: Roadway AdjustmentsItem:Unit Total MH Total MH Cost Eq. Cost Material Subcont. Total Cost1LS 176 18,556.52$ 2,836.88$ 2,693.75$ 75,479.50$ 99,566.65$ 2LS 0 -$ -$ -$ -$ -$ 3LS 0 -$ -$ -$ -$ -$ 4LS 0 -$ -$ -$ -$ -$ 5LS 0 -$ -$ -$ -$ -$ 6LS 0 -$ -$ -$ -$ -$ Total Costs176 18,556.52$ 2,836.88$ 2,693.75$ 75,479.50$ 99,566.65$ Subtotal15%15%15%5%Bond 1.0%Total This Change OrderComments:99,566.65$ Mark-up - LaborMark-up - EquipmentMark-up - MaterialsMark-up - Subcontractor2,783.48$ 3,773.98$ 425.53$ 1,069.54$ 108,023.24$ Rodway Adjustments-----404.06$ 274Item 13.

City of Beaumont WWTP Slat Mitigation Upgrade Project
##

A. Labor N/A

ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT ST PT DT 80 64
80 0 0 64 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Name ST PT DT ST PT DT
Lab Pipe FM $82.92 $110.44 $137.96 80 0 0
Lab Pipe $80.30 $106.51 $132.73 64 0 0
Hixson Backhoe $212.00 $0.00 $0.00 32 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
0 $0.00 $0.00 $0.00 0 0 0
## 0 0
Total Labor =
B. Equipment
Number Description Rate

17.120 80

32.037 8

20.041 0

20.037 0
0 88
Total Equipment =
C. Materials
Quantity Unit
4 CY
1 LS

7.750%
Trucking
Total Material =
D. Subcontractor
Quantity Unit
1 LS
1 LS
1 LS
Total Subcontract =
-$
Description
Extension
$54,047.00
$15,500.00
$5,932.50
$0.00
$75,479.50
J/K Contracting
$2,693.75
EBS Concrete
Price
$54,047.00
$15,500.00
$5,932.50
Tax
Freight
$193.75
Concrete/Slurry
Weed Kill
$1,000.00
$1,500.00
Hours
Price
250.00$
1,500.00$
Extension
Extension
$2,368.00
$468.88
$0.00
$0.00
$151.12
$35.70
$29.60
$58.61
$2,836.88
$0.00
0 00 0 0

20.037
8 20.041
80 32.037
8 $18,556.52
$18,556.52

17.120
80 $0.00
$0.00
$5,139.22
$6,784.00
$0.00
$0.00
$0.00
$0.00
Rate Hours
Extension
$6,633.30
Lab Pipe FM Lab Pipe
Relocate Fire Hydrant & Bollards
Matich Paving
Relocate Fire Hydrant & Bollards
Mini ExcavatorTakeuchiTB260
Foreman Truck
ReachliftXtremeXR1055
ExcavatorJohn Deere350GLC
Description
275
Item 13.

File No. CLAR-52

CITY OF BEAUMONT WASTEWATER TREATMENT PLANT

SALT MITIGATION UPGRADE PROJECT

Page 1 of 1 ends

CLARIFICATION 52

To (Construction Manager): Stantec
Attention: Charles Reynolds
Phone: 702-497-8024
Email: [email protected]

From (Engineer): AQUA Engineering
Attention: Boris Petkovic
Phone: 801-683-3734
Email: [email protected]

Subject: Roadway Adjustments Location: Plant Site
Reference Documents: Drawing Nos. C-4, C-5, C-6 and C-23

CLARIFICATION
Note the following:

Prepared By (Name): Shane Bloomfield, WEBB & Associates Date: 02/01/2022 Distributed By: Date:

276
Item 13.

SHEETORIGINAL
CHECKEDDRAWNDESIGNDATENO.

REVISIONS

E N G I N E E R I N G
PHONE (801) 299-1327 FAX (801) 299-0153
533 W 2600 S, SUITE 275, BOUNTIFUL, UT 84010
THIS DRAWING IS PROPERTY OF AQUA ENGINEERING INC. AND IS TRANSMITTED IN CONFIDENCE NEITHER RECEIPT NOR POSSESSION CONFERS OR TRANSFERS ANY RIGHTS TO REPRODUCE, USE, OR DISCLOSE, IN WHOLE OR IN PART, DATA CONTAINED HEREIN FOR ANY PURPOSE WITHOUT THE WRITTEN PERMISSION OF AQUA ENGINEERING INC. © COPYRIGHTED 2016 BOUNTIFUL, UTAH

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 2 GRADING AND PAVING PLAN C4MATCHLINE - SEE DWG. NO. C-5 MATCHLINE - SEE DWG. NO. C-6MATCHLINE - SEE DWG. NO. ###AREA 1AREA 2AREA 3AREA 5AREA 6AREA 8AREA 7 CONSTRUCTION NOTESSHEETORIGINAL CHECKEDDRAWNDESIGNDATENO.

REVISIONS

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 5 GRADING AND PAVING PLAN277 Item 13.

SHEETORIGINAL
CHECKEDDRAWNDESIGNDATENO.

REVISIONS

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 3 GRADING AND PAVING PLAN C-5MATCHLINE - SEE DWG. NO. C-7MATCHLINE - SEE DWG. NO. ###AREA 1AREA 2AREA 3AREA 5AREA 6AREA 8AREA 7 CONSTRUCTION NOTES278Item 13.

SHEETORIGINAL
CHECKEDDRAWNDESIGNDATENO.

REVISIONS

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 5 GRADING AND PAVING PLAN C6MATCHLINE - SEE DWG. NO. C-7 MATCHLINE - SEE DWG. NO. C-8MATCHLINE - SEE DWG. NO. C-4AREA 1AREA 2AREA 3AREA 5AREA 6AREA 8AREA 7 CONSTRUCTION NOTESSHEETORIGINAL CHECKEDDRAWNDESIGNDATENO.

REVISIONS

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 5 GRADING AND PAVING PLAN279 Item 13.

FOFOSHEETORIGINAL
CHECKEDDRAWNDESIGNDATENO.

REVISIONS

CITY OF BEAUMONT

SALT MITIGATION WWTP UPGRADE
CIVIL
AREA 5 YARD PIPING PLANSLBC-23MATCHLINE - SEE DWG. NO. C-24 MATCHLINE - SEE DWG. NO. C-25MATCHLINE - SEE DWG. NO. C-22MATCHLINE - SEE DWG. NO. C-20AREA 1AREA 2AREA 3AREA 4 AREA 5AREA 6AREA 8AREA 7
280Item 13.

281
Item 13.

Fax:

Phone:
(909) 382-0113
PO Box 10, Highland, CA 92346 Email:[email protected] W.M. Lyles Co.

BEAUMONT, CA
1792
We propose to furnish labor and material in accordance with the plans and specifications for:

Estimating
Jason Jones
Fresno CA 93728
1210 W. Olive Ave. Phone:

To:

From:

Quote :

BEAUMONT WWTP - ROADWAY ADJUSTMENTS
149783 A, B
(909) 382-7400
(559) 441-1900
[email protected]
4/4/2022Date :

Email:

DIR No:

CA License:
1000004260
Unit PriceU/MQuantityDescription Total PriceItem No.

AC PAVING
LS4" AC PG 64-10011 $15,500.000 $15,500.001.0
$15,500.00Total for:AC PAVING
$15,500.00Total Proposal Price:

NOTES
Payment will be the 10th of the month following the work.. 1 Proposal is good for 30 days.. 2
Matich Corporation not responsible for damage to unmarked underground utilities.. 3 Proposal is based on unit prices.. 4
Quantities are estimated; payment will be by actual delivered tons.. 5 Paving includes ONE move-in and ONE shift; additional move-ins are $10,500 each.. 6 If this work is not performed by May 31, 2022, this proposal is subject to a price adjustment.. 7 Prices subject to labor rates, natural gas and OIL INDEX fluctuations.. 8 Quote includes up to 45 TN of asphalt material for 4"AC. Additional tonnage above 45 TN will be charged at $85.00/TN.
. 9
Retention to be paid within 60 calander days of subject billing.. 10

SPECIAL EXCLUSIONS
Excludes engineering, staking, testing, permits, and inspection fees.. 1 Excludes hazardous material removal / disposal.. 2
Excludes asphat grinding, sawing and sealing.. 3
Excludes import or export of fill material.. 4
Excludes grading and aggregate base; grade to be provided by others.. 5 Excludes adjustment of manholes, water valves and any utilities.. 6 Excludes weedkill and crack fill.. 7
Excludes construction water; customer to provide water trucks for paving rollers.. 8 Excludes cleaning and sweeping.. 9
Excludes traffic control.. 10
Excludes the cost of bonds; add 0.7% if desired.. 11
Excludes SWPPP requirements and dust control.. 12
Excludes prime coat if required.. 13
Excludes sweeping and cleaning of track-out.. 14
Excludes weekend shifts and night shifts.. 15
Excludes pavement reinforcing fabric.. 16
Excludes lime treatment of asphalt aggregate materials.. 17 Accepted by:Date:
(Continued on next page)

Page 1 of 2 ends

Beaumont City CouncilAugust 16, 2022

Beaumont City Council
August 16, 2022