Berkeley City Council
February 28, 2023

17 3. Distribution of the Agenda Packet.

The Agenda Packet shall consist of the Agenda and all supporting documents for agenda items. No later than 11 days prior to a regular meeting, the City Clerk shall:
a) distribute the Agenda Packet to each member of the City Council; b) post the Agenda Packet to the City’s website;
c) place copies of the Agenda Packet in viewing binders in the office of the City Clerk and in the main branch of the Berkeley Public Library; and d) make the Agenda Packet available to members of the press.

4. Failure to Meet Deadlines.
a) The City Clerk shall not accept any agenda item or revised agenda item after the deadlines established.
b) Matters not included on the published agenda may be discussed and acted upon as otherwise authorized by State law or providing the Council fi nds one of the following conditions is met:
• A majority of the Council determines that the subject meets the criteria of "Emergency" as defined in Section III.B.8.
• Two thirds of the Council determines that there is a need to take immediate action and that the need for action came to the attention of the City subsequent to the posting of the agenda as required by law.
c) Matters listed on the printed agenda but for which supporting materials are not received by the City Council on the eleventh day prior to said meeting as part of the agenda packet, shall not be discussed or acted upon.

E. Agenda Sequence and Order of Business
The Council agenda for a regular business meeting is to be arranged in the following order:

1. Preliminary Matters: (Ceremonial, Comments from the City Manager, Comments from the City Auditor, Non-Agenda Public Comment)

2. Consent Calendar

3. Action Calendar
a) Appeals
b) Public Hearings
c) Continued Business
d) Old Business
e) New Business

18 4. Information Reports

5. Non-Agenda Public Comment

6. Adjournment

7. Communications
Action items may be reordered at the discretion of the Chair with the consent of Council.

The Agenda & Rules Committee shall have the authority to re-order the items on the Action Calendar regardless of the default sequence prescribed in this section.

F. Closed Session Documents
This section establishes a policy for the distribution of, and access to, confidential closed session documents by the Mayor and members of the City Council.

1. Confidential closed session materials shall be kept in binders numbered from one to nine and assigned to the Mayor (#9) and each Councilmember (#1 to #8 by district). The binders will contain confidential closed session materials related to Labor Negotiations, Litigation, and Real Estate matters.

2. The binders will be maintained by C ity staff and retained in the Office of the City Attorney in a secure manner. City staff will bring the binders to each closed session for their use by the Mayor and Councilmembers. At other times, the binders will be available to the Mayor and Councilmembers during regular business hours for review in the City Attorney’s Office. The binders may not be removed from the City Attorney’s Office or the location of any closed session meeting by the Mayor or Councilmembers. City staff will collect the binders at the end of each closed session meeting and return them to the City Attorney’s Office.

3. Removal of confidential materials from a binder is prohibited.

4. Duplication of the contents of a binder by any means is prohibited.

5. Confidential materials shall be retained in the binders for at least two years.

6. This policy does not prohibit the distribution of materials by staff to the Mayor and Councilmembers in advance of a closed session or otherwise as needed, but such materials shall also be included in the binders unless it is impracticable to do so.

19 G. Regulations Governing City Council Policy Committees

1. Legislative Item Process
A
ll agenda items begin with submission to the Ag
enda & Rules Committee.

Full Council Track
Items under this category are exempt from Agenda & Rules Committee discretion to refer them to a Policy Committee. Items in this category may be submitted for the agenda of any scheduled regular meeting pursuant to established deadlines (same as existing deadlines). Types of Full Council Track items are listed below.

a. Items submitted by the City Manager and City Auditor b. Items submitted by Boards and Commissions
c. Resolutions on Legislation and Electoral Issues relating to Outside Agencies/Jurisdictions
d. Position Letters and/or Resolutions of Support/Opposition e. Donations from the Mayor and Councilmember District Office Budgets f. Referrals to the Budget Process
g. Proclamations
h. Sponsorship of Events
i. Information Reports
j. Presentations from Outside Agencies and Organizations k. Ceremonial Items
l. Committee and Regional Body Appointments

The Agenda & Rules Committee has discretion to determine if an item su bmitted by the Mayor or a Councilmember falls under a Full Council Track exception or if it will be processed as a Policy Committee Track item.

Policy Committee Track
Items submitted by the Mayor or Councilmembers with moderate to significant administrative, operational, budgetary, resource, or programmatic impacts will go first to the Agenda & Rules Committee on a draft City Council agenda.

The Agenda & Rules Committee must refer an item to a Policy Committee at the first meeting that the item appears before the Agenda & Rules Committee. The Agenda & Rules Committee may only assign the item to a single Policy Committee.

For a Policy Committee Track item, the Agenda & Rules Committee, at its discretion, may either route item directly to 1) the agenda currently under consideration, 2) one of the next three full Council Agendas (based on completeness of the item, lack of potential controversy, minimal impacts, etc.), or 3) to a Policy Committee.

20 Time Critical Track
A Time Critical item is defined as a matter that is considered urgent by the sponsor and that has a deadline for action that is prior to the next meeting of the Council and for which a report prepared by the Mayor or Councilmember is received by the City Clerk after established deadlines and is not included on the Agenda & Rules Committee’s published agenda.

The Agenda & Rules Committee retains final discretion to determine the time critical nature of an item.

a) Time Critical items submitted on the Full Council Track deadlines, that would otherwise be assigned to the Policy Committee Track, may bypass P olicy Committee review if determined to be time critical. If such an item is deemed not to be time critical, it may be referred to a Policy Committee. b) Time Critical items on the Full Council Track or Policy Committee Track that are submitted at a meeting of the Agenda & Rules Committee may go directly on a council agenda if determined to be time critical.

2. Council Referrals to Committees
The full Council may refer any agenda item to a Policy Committee by majority vote.

3. Participation Rules for Policy Committees Pursuant to the Brown Act a. The quorum of a three-member Policy Committee is always two members. A majority vote of the committee (two ‘yes’ votes) is required to pass a motion.

b. Two Policy Committee members may not discuss any item that has been referred to the Policy Committee outside of an open and noticed meeting.

c. Notwithstanding paragraph (b) above, two members of a Policy C ommittee may be listed as Authors or Co-Sponsors on an item provided that one of the Authors or Co -Sponsors will not serve as a committee member for consideration of the item, and shall not participate in the committee’s discussion of, or action on the item. For purposes of the item , the appointed alternate, who also cannot be an Author or Co- Sponsor, will serve as a committee member in place of the non-participating Author or Co-Sponsor.

d. All three members of a Policy Committee may not be Authors or Co-Sponsors of an item that will be heard by the committee.

e. Only one Author or Co-Sponsor who is not a member of the Policy Committee may attend the committee meeting to participate in discussion of the item.

21 f. If two or more non-committee members are present for any item or meeting, then all non-committee members may act only as observers and may not participate in discussion. If an Author who is not a member of the committee is present to partici pate in the discussion of their item, no other non- committee member Councilmembers, nor the Mayor, may attend as observers.

g. An item may be considered by only one Policy C ommittee before it goes to the full Council.

4. Functions of the Committees
Committees shall have the following qualities/components:
a. All committees are Brown Act bodies with noticed public meetings and public comment. Regular meeting agendas will be posted at least 72 hours in advance of the meeting.
b. Minutes shall be available online.
c. Committees shall adopt regular meeting schedules, generally meeting once or twice per month; special meetings may be called when necessary, in accordance with the Brown Act.
d. Generally, meetings will be held at 2180 Milvia Street in publicly accessible meeting rooms that can accommodate the committee members, public attendees, and staff.
e. Members are recommended by the Mayor and approved by the full Council no later than January 31 of each year. Members continue to serve until successors are appointed and approved.
f. Chairs are elected by the Committee at the first regular meeting of the Committee after the annual approval of Committee members by the City Council. In the absence of the Chair, the committee member with the longest tenure on the Council will preside.
g. The Chair, or a quorum of the Committee may call a meeting or cancel a meeting of the Policy Committee.
h. Committees will review items for completeness in accordance with Section III.B.2 of the City Council Rules of Procedure and Order and alignment with Strategic Plan goals.
i. Reports leaving a Policy Committee must adequately include budget implications, administrative feasibility, basic legal concerns, and staff resource demands in order to allow for informed consideration by the full Council. j. Per Brown Act regulations, any revised or supplemental materials must be direct revisions or supplements to the item that was published in the agenda packet.

Items referred to a P olicy Committee from the Agenda & Rules Committee or from the City Council must be agendized for a commi ttee meeting within 60 days of the referral date.

22 Within 120 days of the referral date, either (1) the committee Chair may accept the Primary Author’s request, either in writing, or in person at a meeting of the committee, that the item remain in committee until a date certain (more than one extension may be requested by the Primary Author); or (2) the committee may vote to send the item to the Agenda & Rules Committee to be placed on a Council Agenda with a Committee recommendation consisting of one of th e four options listed below. The Committee Chair shall report any extension granted outside of a meeting to the Committee by email or verbally at the next Committee meeting.

1. Positive Recommendation (recommending Council pass the item as proposed),

2. Qualified Positive Recommendation (recommending Council pass the item with some changes),

3. Qualified Negative Recommendation (recommending Council reject the item unless certain changes are made) or

4. Negative Recommendation (recommending the item not be approved).

The Policy Committee ’s recommendation will be included in a separate section of the report template for that purpose.

A Policy Committee may not refer an item under its consideration to a city board or commission.

The Primary Author of an item referred to a Policy Committee is responsible for revisions and resubmission of the item back to the full Council. Items originating from the City Manager are revised and submitted by the appropriate city staff. Items from Commissions are revised and resubmitted by the members of the Policy Committee. Items and recommendations originating from the Policy Committee are submitted to the City Clerk by the members of the committee.

If a Policy Committee does not take final action by the 120- day deadline, the item is returned to the Agenda & Rules Committee and appears on the next available Council agenda. The Agenda & Rules Committee may leave the item on the agenda under consideration or place it on the next Council agenda. Items appearing on a City Council agenda due to lack of action by a Policy C ommittee may not be referred to a Policy Committee and must remain on the full Council agenda for consideration.

Policy Committees may add discussion topics that are within their purview to their agenda with the concurrence of a majority of the Committee. These items are not subject to the 120-day deadline for action.

Once the item is voted out of a Policy Committee, the final item will be resubmitted to the agenda process by the Primary Author, and it will return to the Agenda & Rules Committee

23 on the next available agenda. The Agenda & Rules Committee may leave the item on the agenda under consideration or place it on the following Council agenda. Only items that receive a Positive Recommendation can be placed on the Consent Calendar.

The Primary Author may request expedited committee review for items referred to a committee. Criteria for expedited review is generally to meet a deadline for action (e.g. grant deadline, specific event date, etc.). If the committee agrees to the request, the deadline for final committee action is 45 days from the date the committee approves expedited review.

5. Number and Make-up of Committees
Six committees are authorized, each comprised of three C ouncilmembers, with a fourth Councilmember appointed as an alternate. Each Councilmember and the Mayor will serve on two committees. The Mayor shall be a member of the Agenda and Rules Comm ittee.

The committees are as follows:

1. Agenda and Rules Committee

2. Budget and Finance Committee

3. Facilities, Infrastructure, Transportation, Environment, and Sustainability

4. Health, Life Enrichment, Equity, and Community

5. Land Use, Housing, and Economic Development

6. Public Safety

The Agenda & Rules Committee shall establish the Policy Committee topic groupings, and may adjust said groupings periodically thereafter in order to evenly distribute expected workloads of various committees.

All standing Policy Committees of the City Council are considered “legislative bodies” under the Brown Act and must conduct all business in accordance with the Brown Act.

6. Role of City Staff at Committee Meetings
Committees will be staffed by appropriate City Departments and personnel. As part of the committee process, staff will undertake a high-level, preliminary analysis of potential legal issues, costs, timelines, and staffing demands associated with the item. Staff analysis at the Policy Committee level is limited to the points above as the recommendation, program, or project has not yet been approved to proceed by the full Council.

IV. CONDUCT OF MEETING
24 IV. CONDUCT OF MEETING
A. Comments from the Public
Public comment will be taken in the following order:
• An initial ten-minute period of public comment on non-agenda items, after the commencement of the meeting and immediately after Ceremonial Matters and City Manager Comments.
• Public comment on the Consent and Information Calendars. • Public comment on action items, appeals and/ or public hearings as they are taken up under procedures set forth in the sections governing each below. • Public comment on non- agenda items from any speakers who did not speak during the first round of non- agenda public comment a t the beginning of the meeting.

Speakers are permitted to yield their time to one other speaker, however no one speaker shall have more than four minutes. A speaker wishing to yield their time shall identify themselves, shall be recognized by the chair, and announce publicly their intention to yield their time. Disabled persons shall have priority seating in the front row of the public seating area.

A member of the public may only speak once at public comment on any single item, unless called upon by the Mayor or a Councilmember to answer a specific inquiry.

1. Public Comment on Consent Calendar and Information Items.

The Council will first determine whether to move items on the agenda for “Action” or “Information” to the “Consent Calendar,” or move “Consent Calendar” items to “Action.” Items that remain on the “Consent Calendar” are voted on in one motion as a group. “Information” items are not discussed or acted upon at the Council meeting unless they are moved to “Action” or “Consent.” The Council will th en take public comment on any items that are either on the amended Consent Calendar or the Information Calendar. A speaker may only speak once during the period for public comment on Consent Calendar and Information items. No additional items can be moved onto the Consent Calendar once public comment has commenced.

At any time during, or immediately after, public comment on Information and Consent items, the Mayor or any Councilmember may move any Information or Consent item to “Action.” Following this, the Council will vote on the items remaining on the Consent Calendar in one motion.

For items moved to the Action Calendar from the Consent Calendar or Information Calendar, persons who spoke on the item during the Consent Calendar public comment period may speak again at the time the matter is taken up during the Action Calendar.

IV. CONDUCT OF MEETING
25 2. Public Comment on Action Items.

After the initial ten minutes of public comment on non- agenda items , public comment on consent and information items, and adoption of the Consent Calendar, the public may comment on each remaining item listed on the agenda for action as the item is taken up.

The Presiding Officer will request that persons wishing to speak, line up at the podium to be recognized and to determine the number of persons interested in speaking at that time.

If ten or fewer persons are interested in speaking, each speaker may speak for two minutes. If there are more than ten persons interested in speaking, the Presiding Officer may limit the public comment for all speakers to one minute per speaker. Speakers are permitted to yield their time to one other speaker, however no one speaker shall have more than four minutes.

This procedure also applies to public hearings except those types of public hearings specifically provided for in this section, below.

3. Appeals Appearing on Action Calendar.

With the exception of appeals from decisions of the Zoning Adjustments Board and Landmarks Preservation Commission, appeals from decisions of City commissions appear on the “Action” section of the Council Agenda. Council determines whether to affirm the action of the commission, set a public hearing, or remand the matter to the commission. Appeals of proposed special assessment liens shall also appear on the “Action” section of the Council Agenda.

Appeals from decisions of the Zoning Adjustments Board and Landmarks Preservation Commission are automatically set for public hearing and appear on the “Public Hearings” section of the Council Agenda.

Time shall be provided for public comment for persons representing both sides of the action/appeal and each side will be allocated seven minutes to present their comments on the appeal. Where the appellant is not the applicant, the appellants of a single appeal collecti vely shall have seven minutes to comment and the applicant shall have seven minutes to comment. If there are multiple appeals filed, each appellant or group of appellants shall have seven minutes to comment.

Where the appellant is the applicant, the applicant/appellant shall have seven minutes to comment and the persons supporting the action of the board or commission on appeal shall have seven minutes to comment. In the case of an appeal of proposed special assessment lien, the appellant shall have seven minutes to comment.

After the conclusion of the seven-minute comment periods, members of the public may comment on the appeal. Comments from members of the public regarding appeals shall be limited to one minute per speaker. Any person that addressed the Council during one of the seven- minute periods may not speak again during the public comment period on the appeal. Speakers may yield their time to one other speaker, however, no speaker shall have more than two minutes. Each side

IV. CONDUCT OF MEETING
26 shall be informed of this public comment procedure at the time the Clerk notifies the parties of the date the appeal will appear on the Council agenda.

4. Public Comment on Non-Agenda Matters.

Immediately following Ceremonial Matters and the City Manager Comments and prior to the Consent Calendar, persons will be selected by lottery to address matters not on the Council agenda. If five or fewer persons submit speaker cards for the lottery, each person selected will be allotted two minutes each. If more than five persons submit speaker cards for the lottery, up to ten persons will be selected to address matters not on the Council agenda and each person selected will be allotted one minute each. Persons wishing to address the Council on matters not on the Council agenda during the initial ten- minute period for such comment, must submit a speaker card to the City Clerk in person at the meeting location and prior to commencement of that meeting.

The remainder of the speakers wishing to address the Council on non- agenda items will be heard at the end of the agenda. Speaker cards are not required for this second round of public comment on non-agenda matters.

Persons submitting speaker cards are not required to list their actual name, however they must list some identifying information or alternate name in order to be called to speak.

For the second round of public comment on non- agenda matters, the Presiding Officer retains the authority to limit the number of speakers by subject. The Presiding Officer will generally request that persons wishing to speak, line up at the podium to be recognized to determine the number of persons interested in speaking at that time. Each speaker will be entitled to speak for two minutes each unless the Presiding Officer determines that one- minute is appropriate given the number of speakers.

Pursuant to this document, no Council meeting shall continue past 11:00 p.m. unless a two-thirds majority of the Council votes to extend the meeting to discuss specified items. If any agendized business remains unfinished at 11:00 p.m. or the expiration of any extension after 11:00 p.m., it will be referred to the Agenda & Rules Committee for scheduling pursuant to Chapter II, Section F. In that event, the meeting shall be automatically extended for up to fifteen (15) minutes for public comment on non-agenda items.

5. Ralph M. Brown Act Pertaining to Public Comments.

The Brown Act prohibits the Council from discussing or taking action on an issue raised during Public Comment, unless it is specifically listed on the agenda.

However, the Council may refer a matter to the City Manager.

B. Consent Calendar
There shall be a Consent Calendar on all regular meeting agendas on which shall be included those matters which the Mayor, C ouncilmembers, boards, commissions, City Auditor and City Manager deem to be of such nature that no debate or inquiry

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 27 will be necessary at the Council meetings. Ordinances for second reading may be included in the Consent Calendar.

It is the policy of the Council that the Mayor or C ouncilmembers wishing to ask questions concerning Consent Calendar items should ask questions of the contact person identified prior to the Council meeting so that the need for discussion of consent calendar items can be minimized.

Consent Calendar items may be moved to the Action Calendar by the Council. Action items may be reordered at the discretion of the Chair with the consent of Council.

C. Information Reports Called Up for Discussion
Reports for Information designated for discussion at the request of the Mayor or any Councilmember shall be added to the appropriate section of the Action Calendar and may be acted upon at that meeting or carried over as pending business until discussed or withdrawn. The agenda will indicate that at the request of Mayor or any Councilmember a Report for Information may be acted upon by the Council.

D. Written Communications
Written communications from the public will not appear on the Council agenda as individual matters for discussion but will be distributed as part of the Council agenda packet with a cover sheet identifying the author and subject matter and will be listed under "Communications." All such communications must have been received by the City Clerk no later than 5:00 p.m. fifteen days prior to the meeting in order to be included on the agenda.

In instances where an individual forwards more than three pages of email messages not related to actionable items on the Council agenda to the Council to be reproduced in the "Communications" section of the Council packet, the City Clerk will not reproduce the entire email(s) but instead refer the public to the City's website or a hard copy of the email(s) on file in the City Clerk Department.

All communications shall be simply deemed received without any formal action by the Council. The Mayor or a Councilmember may refer a communication to the City Manager for action, if appropriate, or prepare a consent or action item for placement on a future agenda.

Communications related to an item on the agenda that are received after 5:00 p.m. fifteen days before the meeting are published as provided for in Chapter III.C.4.

E. Public Hearings for Land Use, Zoning, Landmarks, and Public Nuisance Matters
The City Council, in setting the time and place for a public hearing, may limit the amount of time to be devoted to public presentations. Staff shall introduce the public hearing item and present their comments.

Following any staff presentation, each member of the City Council shall verbally disclose all ex parte contacts concerning the subject of the hearing. Members shall also submit a report of such contacts in writing prior to the commencement of the hearing. Such reports shall include a brief statement describing the name, date,

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 28 place, and content of the contact. Written reports shall be available for public review in the office of the City Clerk prior to the meeting and placed in a file available for public viewing at the meeting.

This is followed by five- minute presentations each by the appellant and applicant.

Where the appellant is not the applicant, the appellants of a single appeal collectively shall have five minutes to comment and the applicant shall have five minutes to comment. If there are multiple appeals filed, each appellant or group of appellants shall have five minutes to comment. Where the appellant is the applicant, the applicant/appellant shall have five minutes to comment and the persons supporting the action of the board or commission on appeal shall have five minutes to comment.

In the case of a public nuisance determination, the representative(s) of the subject property shall have five minutes to present.

The Presiding Officer will request that persons wishing to speak, line up at the podium to be recognized and to determine the number of persons interested in speaking at that time.

If ten or fewer persons are interested in speaking, each speaker may speak for two minutes. If there are more than ten persons interested in speaking, the Presiding Officer may limit the public comment for all speakers to one minute per speaker. Any person that addressed the Council during one of the five-minute periods may not speak again during the public comment period on the appeal. Speakers are permitted to yield their time to one other speaker, however no one speaker shall have more than four minutes. The Presiding Officer may with the consent of persons representing both sides of an issue allocate a block of time to each side to present their issue.

F. Work Sessions
The City Council may schedule a matter for general Council discussion and direction to staff. Official/formal action on a work session item will be scheduled on a subsequent agenda under the Action portion of the Council agenda.

In general, public comment at Council work sessions will be heard after the staff presentation, for a limited amount of time to be determined by the Presiding Officer.

The Presiding Officer will request that persons wishing to speak, line up at the podium to be recognized and to determine the number of persons interested in speaking at that time. If ten or fewer persons are interested in speaking, each speaker may speak for two minutes. If there are more than ten persons interested in speaking, the Presiding Officer may limit the public comment for all speakers to one minute per speaker. Speakers are permitted to yield their time to one other speaker, however no one speaker shall have more than four minutes.

After Council discussion, if time permits, the Presiding Officer may allow additional public comment. During this time, each speaker will receive one minute. Persons who spoke during the prior public comment time may be permitted to speak again.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 29 G. Protocol
People addressing the Council may first give their name in an audible tone of voice for
the record. All remarks shall be addressed to the Counc il as a body and not to
any member thereof. No one other than the Council and the person having the floor shall be permitted to enter into any discussion, either directly or through a member of the Council, without the permission of the Presiding Officer. No question shall be asked of a Councilmember except through the Presiding Officer.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 30 V. PROCEDURAL MATTERS
A. Persons Authorized to Sit at Tables
No person, except City officials, their representatives and representatives of boards and commissions shall be permitted to sit at the tables in the front of the Council Chambers without the express consent of the Council.

B. Decorum
No person shall disrupt the orderly conduct of the Council meeting. Prohibited disruptive behavior includes but is not limited to shouting, making disruptive noises, such as boos or hisses, creating or participating in a physical disturbance, speaking out of turn or in violation of applicable rules, preventing or attempting to prevent others who have the floor from speaking, preventing others from observing the meeting, entering into or remaining in an area of the meeting room that is not open to the public, or approaching the Council Dais without consent. Any written communications addressed to the Council shall be delivered to the City Clerk for distribution to the Council.

C. Enforcement of Decorum
When the public demonstrates a lack of order and decorum, the presiding officer shall call for order and inform the person(s) that the conduct is violating the Rules of Order and Procedure and provide a warning to the person(s) to cease the disruptive behavior. Should the person(s) fail to cease and desist the disruptive conduct, the presiding officer may call a five (5) minute recess to allow the disruptions to cease.

If the meeting cannot be continued due to continued disruptive conduct, the presiding officer may have any law enforcement officer on duty rem ove or place any person who violates the order and decorum of the meeting under arrest and cause that person to be prosecuted under the provisions of applicable law.

D. Precedence of Motions
When a question or motion is before the Council, no motion shall be entertained except:

1. To adjourn;

2. To fix the hour of adjournment;

3. To lay on the table;

4. For the previous question;

5. To postpone to a certain day;

6. To refer;

7. To amend;

8. To substitute; and

9. To postpone indefinitely.

These motions shall have precedence in order indicated. Any such motion, except a motion to amend or substitute, shall be put to a vote without debate.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 31 E. Robert’s Rules of Order
Robert’s Rules of Order have been adopted by the City Council and apply in all cases ex
cept the precedence of motions in Section V.D shall supersede.

F. R
ules of Debate

1. Presiding Officer May Debate.

The presiding officer may debate from the chair; subject only to such limitations of debate as are by these rules imposed on all members, and shall not be deprived of any of the rights and privileges as a member of the Council by reason of that person acting as the presiding officer.

2. Getting the Floor - Improper References to be avoided.

Members desiring to speak shall address the Chair, and upon recognition by the presiding officer, shall confine themself to the question under debate.

3. Interruptions.

A member, once recognized, shall not be interrupted when speaking unless it is to call a member to order, or as herein otherwise provided. If a member, while speaking, were called to order, that member shall cease speaking until the question of order is determined, and, if in order, the member shall be permitted to proceed.

4. Privilege of Closing Debate.

The Mayor or Councilmember moving the adoption of an ordinance or resolution shall have the privilege of closing the debate. When a motion to call a question is passed, the Mayor or Councilmember moving adoption of an ordinance, resolution or other action shall have three minutes to conclude the debate.

5. Motion to Reconsider.

A motion to reconsider any action taken by the Council may be made only during the same session such action is taken. It may be made either immediately during the same session, or at a recessed or adjourned session thereof. Such motion must be made by a member on the prevailing side, and may be made at any time and have precedence over all other motions or while a member has the floor; it shall be debatable. Nothing herein shall be construed to prevent any member of the Council from making or remaking the same or ot her motion at a subsequent meeting of the Council.

6. Repeal or Amendment of Action Requiring a Vote of Two-Thirds of Council, or Greater.

Any ordinance or resolution which is passed and which, as part of its terms, requires a vote of two -thirds of the Council or more in order to pass a motion pursuant to such an ordinance or resolution, shall require the vote of the same percent of the Council to repeal or amend the ordinance or resolution.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 32 G. Debate Limited

1. C ons ideration of each matter coming before the Council shall be limited to 20 minutes from the time the matter is first taken up, at the end of which period consideration of such matter shall terminate and the matter shall be dropped to the foot of the agen da, immediately ahead of
Information Reports; provided that
either of the following two not debatable motions shall be in order:
a) A motion to extend consideration which, if passed, shall commence a new twenty-minute period for consideration; or
b) If there are one or more motions on the floor, a motion for the previous question, which, if passed by a 2/3 vote, shall require an immediate vote on pending motions.

2. The time limit set forth in subparagraph 1 hereof shall not be applicable to any public hearing, public discussion, Council discussion or other especially set matter for which a period of time has been specified (in which case such specially set time shall be the limit for consideration) or which by applicable law (e.g. hearings of appeals, etc.), the matter must proceed to its conclusion.

3. In the interest of expediting the business of the City, failure by the Chair or any Councilmember to call attention to the expiration of the time allowed for consideration of a matter, by point of order or otherwise, shall constitute unanimous consent to the continuation of consideration of the matter beyond the allowed time; provided, however, that the Chair or any Councilmember may at any time thereafter call attention to the expiration of the time allowed, in which cas e the Council shall proceed to the next item of business, unless one of the motions referred to in Section D hereof is made and is passed.

H. Motion to Lay on Table
A motion to lay on the table shall preclude all amendments or debate of the subject under consideration. If the motion shall prevail, the consideration of the subject may be resumed only upon a motion of a member voting with the majority and with consent of two-thirds of the members present.

I. Division of Question
If the question contains two or more propositions, which can be divided, the presiding officer may, and upon request of a member shall, divide the same.

J. Addressing the Council
Under the following headings of business, unless the presiding officer rules otherwise, any interested person shall have the right to address the Council in accordance with the following conditions and upon obtaining recognition by the presiding officer:

1. Written Communications.

Interested parties or their authorized representatives may address the Council in the form of written communications in regard to matters of concern to them by

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 33 submitting their written communications at the meeting, or prior to the meeting pursuant to the deadlines in Chapter III.C.4.

2. Public Hearings.

Interested persons or their authorized representatives may address the Council by reading protests, petitions, or communications relating to matters then under consideration.

3. Public Comment.

Interested persons may address the Council on any issue concerning City business during the period assigned to Public Comment.

K. Addressing the Council After Motion Made
When a motion is pending before the Council, no person other than the Mayor or a Councilmember shall address the Council without first securing the permission of the presiding officer or Council to do so.

L. Use of Cellular Phones and Electronic Devices

The use of cell phones during City Council meetings is discouraged for the Mayor and Councilmembers. While communications regarding Council items should be minimized, personal communications between family members and/or caregivers can be taken outside in the case of emergencies. In order to acknowledge differences in learning styles and support tactile learners, note-taking can continue to be facilitated both with a pen and paper and/or on electronic devices such as laptop computers and tablets.

The use cell phones during Closed Session Meetings is explicitly prohibited for the Mayor and Councilmembers.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 34 VI. FACILITIES
A. Meeting Location Capacity
Attendance at council meetings shall be limited to the posted seating capacity of the meeting location. Entrance to the meeting location will be appropriately regulated by the City Manager on occasions when capacity is likely to be exceeded. While the Council is in session, members of the public shall not remain standing in the meeting room except to address the Council, and sitting on the floor shall not be permitted.

B. Alternate Facilities for Council Meetings
The City Council shall approve in advance a proposal that a Council meeting be held at a facility other than the School District Board Room.

If the City Manager has reason to anticipate that the attendance for a meeting will be substantially greater than the capacity of the Board Room and insufficient time exists to secure the approval of the City Council to hold the meeting at an alternate fac ility, the City Manager shall make arrangements for the use of a suitable alternate facility to which such meeting may be recessed and moved, if the City Council authorizes the action.

If a suitable alternate facility is not available, the City Council may reschedule the matter to a date when a suitable alternate facility will be available.

Alternate facilities are to be selected from those facilities previously approved by the City Council as suitable for meetings away from the Board Room.

C. Signs, Objects, and Symbolic Materials
Objects and symbolic materials such as signs which do not have sticks or poles attached or otherwise create any fire or safety hazards will be allowed within the meeting location during Council meetings.

D. Fire Safety
Exits shall not be obstructed in any manner. Obstructions, including storage, shall not be placed in aisles or other exit ways. Hand carried items must be stored so that such items do not inhibit passage in aisles or other exit ways. Attendees are strictly prohibited from sitting in aisles and/ or exit ways. Exit ways shall not be used in any way that will present a hazardous condition.

E. Overcrowding
Admittance of persons beyond the approved capacity of a place of assembly is prohibited. When the meeting location has reached the posted maximum capacity, additional attendees shall be directed to the designated overflow area.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 35 APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC

FACILITIES
Purpose
To establish a uniform policy regarding the naming and r enaming of existing and future parks, streets, pathways and other public facilities.

Objective
A. To ensure that naming public facilities (such as parks, streets, recreation facilities, pathways, open spaces, public building, bridges or other structures) will enhance the values and heritage of the City of Berkeley and will be compatible with community interest.

Section 1 – Lead Commission
The City Council designates the following commissions as the ‘Lead Commissions’ in overseeing, evaluating, and ultimately advising the Council in any naming or renaming of a public facility. The lead commission shall receive and coordinate comment and inp ut from other Commissions and the public as appropriate.

Board of Library Trustees

Parks and Recreation Commission –Parks, recreation centers, camps, plazas and public open spaces

Public Works Commission –Public buildings (other than recreation centers), streets and bridges or other structures in the public thoroughfare.

Waterfront Commission –Public facilities within the area of the City known as the Waterfront, as described in BMC 3.36.060.B.

Section 2 – General Policy
A. Newly acquired or developed public facilities shall be named immediately after acquisition or development to ensure appropriate public identity.

B. No public facility may be named for a living person, but this policy can be overridden with a 2/3 vote of the City Council.

C. Public facilities that are renamed must follow the same criteria for naming new facilities.

In addition, the historical significance and geographical reference of the established name should be considered when weighing and evaluating any name change.

D. The City encourages the recognition of individuals for their service to the community in ways that include the naming of activities such as athletic events, cultural presentations, or annual festivals, which do not involve the naming or renaming of public facilities.

E. Unless restricted by covenant, facilities named after an individual should not necessarily be considered a perpetual name.

Section 3 – Criteria for Naming of Public Facilities
When considering the naming of a new public facility or an unnamed portion or feature within an already named public facility (such as a room within the facility or a feature within an established park), or, the renaming of an existing public facility the following criteria shall be applied:

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 36 A. Public Facilities are generally easier to identify by reference to adjacent street names, distinct geographic or environmental features, or primary use activity. Therefore, the preferred practice is to give City-owned property a name of historical or geographical significance and to retain these names.

B. No public facility may be named for a living person, but this policy can be overridden with a 2/3 vote of the City Council.

C. The naming of a public facility or any parts thereof in recognition of an individual posthumously may only be considered if the individual had a positive effect on the community and has been deceased for more than 1 year.

D. When a public facility provides a specific programmatic activity, it is preferred that the activity (e.g. skateboard park, baseball diamond) be included in the name of the park or facility.

E. When public parks are located adjacent to elementary schools, a n ame that is the same as the adjacent school shall be considered.

F. When considering the renaming of an existing public facility, in addition to applying criteria A-E above, proper weight should be given to the fact that: a name lends a site or property authenticity and heritage; existing names are presumed to have historic significance; and historic names give a community a sense of place and identity, continuing through time, and increases the sense of neighborhood and belonging.

Section 4 –Naming Standards Involving a Major Contribution When a person, group or organization requests the naming or renaming of a public facility, all of the following conditions shall be met:

A. An honoree will have made a major contribution towards the acquisition and/or development costs of a public facility or a major contribution to the City.

B. The honoree has a record of outstanding service to their community C. Conditions of any donation that specifies that name of a public facility, as part of an agreement or deed, must be approved by the City Council, after review by and upon recommendation of the City Manager.

Section 5 –Procedures for Naming or Renaming of Public Facilities A. Any person or organization may make a written application to the City Manager requesting that a public facility or portion thereof, be named or renamed.

1. Recommendations may also come directly of the City Boards or Commissions, the City Council, or City Staff.

B. The City Manager shall refer the application to the appropriate lead commission as defined in Section 1 of the City’s policy on naming of public facilities, for that commission’s review, facilitation, and recommendation of disposition.

1. The application shall contain the name or names of the persons or organization making the application and the reason for the requested naming or renaming.

C. The lead commission shall review and consider the application, using the policies and criteria articulated to the City Policy on Naming and Renaming to make a recommendation to Council.

1. All recommendations or suggestion will be given the same consideration without regard to the source of the nomination

D. The lead commission shall hold a public hearing and notify the general public of any discussions regarding naming or renaming of a public facility.

APPENDIX A. POLICY FOR NAMING AND RENAMING PUBLIC FACILITIES 37 1. Commission action will be taking at the meeting following any public hearing on the naming or renaming.

E. The commission’s recommendation shall be forwarded to Council for final consideration.

The City of Berkeley Policy for Naming and Renaming Public Facilities was adopted by the Berkeley City Council at the regular meeting of January 31, 2012.

APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL AGENDA ITEMS 38 APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL

AGENDA ITEMS

These guidelines are derived from the requirements for Agenda items listed in the Berkeley City Council Rules of Procedure and Order, Chapter III, Sections B(1) and (2), reproduced below. In addition, Chapter III Section C(1)(a) of the Rules of Procedure and Order allows the Agenda & Rules Committee to request that the Primary Author of an item provide “additional analysis” if the item as submitted evidences a “significant lack of background or supporting information” or “significant grammatical or readability issues.”

These guidelines provide a more detailed and comprehensive overview of elements of a complete Council item. While not all elements would be applicable to every type of Agenda item, they are intended to prompt Authors to consider presenting items with as much relevant information and analysis as possible.

Chapter III, Sections (B)(1) and (2) of Council Rules of Procedure and Order:

2. Agenda items shall contain all relevant documentation, including the following as Applicable:
a. A descriptive title that adequately informs the public of the subject matter and general nature of the item or report and action requested; b. Whether the matter is to be presented on the Consent Calendar or the Action Calendar or as a Report for Information;
c. Recommendation of the City Manager, if applicable (these provisions shall not apply to Mayor and Council items.);
d. Fiscal impacts of the recommendation;
e. A description of the current situation and its effects; f. Background information as needed;
g. Rationale for recommendation;
h. Alternative actions considered;
i. For awards of contracts; the abstract of bids and the Affirmative Action Program of the low bidder in those cases where such is required (these provisions shall not apply to Mayor and Council items.); j. Person or persons to contact for further information, with telephone number.

If the Primary Author of any report believes additional background information, beyond the basic report, is necessary to Council understanding of the subject, a separate compilation of such background information may be developed and copies will be available for Council and for public review in the City Clerk Department, and the City Clerk shall provide limited distribution of such background information depending upon quantity of pages to be duplicated. In such case the agenda item distributed with the packet shall so indicate.

APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL AGENDA ITEMS 39 Guidelines for City Council Items:

1. Title

2. Consent/Action/Information Calendar

3. Recommendation

4. Summary Statement/Current situation and its effects

5. Background

6. Review of Existing Plans, Programs, Policies and Laws

7. Actions/Alternatives Considered

8. Consultation/Outreach Overview and Results

9. Rationale for Recommendation

10. Implementation, Administration and Enforcement

11. Environmental Sustainability

12. Fiscal Impacts

13. Outcomes and Evaluation

14. Contact Information

15. Attachments/Supporting Materials
___________________________________________________

1. Title
A descriptive title that adequately informs the public of the subject matter and general nature of the item or report and action requested.

2. Consent/Action/Information Calendar
Whether the matter is to be presented on the Consent Calendar or the Action Calendar or as a Report for Information.

3. Recommendation
Clear, succinct statement of action(s) to be taken. Recommendations can be further detailed within the item, by specific reference.

Com
mon action options include:
● Adopt first reading of ordinance
● Adop
t a resolution
● Referral to the City Manager (City Manager decides if it is a short term referral or is placed on the RRV ranking list)
● Direction to the City Manager (City Manager is directed to execute the recommendation right away, it is not placed on any referral list) ● Referral to a Commission or to a Standing or Ad Hoc Council Committee ● Referral to the budget process
● Send letter of support
● Accept, Approve, Modify or Reject a recommendation from a Commission or Committee
● Designate members of the Council to perform some action

APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL AGENDA ITEMS 40 4. Summary Statement/ “Current situation and its effects” A short resume of the circumstances that give rise to the need for the recommended action(s).
● Briefly state the opportunity/problem/concern that has been identified, and t
he proposed solution.
● Ex
ample (fictional):

Winter rains are lasting longer than expected. Berkeley’s winter shelters are poised to close in three weeks, but forecasts suggest rain for another two months. If they do not remain open until the end of the rainy season, hundreds of people will be left in the rain 24/7. Therefore, this item seeks authorization to keep Berkeley’s winter shelters open until the end of April, and refers to the Budget Process $40,000 to cover costs of an additional two months of shelter operations.

5. Background
A full discussion of the history, circumstances and concerns to be addressed by the item.
● For the above fictional example, Background would include i nformation and data about the number and needs of homeless individuals in Berkeley, the number and availability of permanent shelter beds that meet their needs, the number of winter shelter beds that would be lost with closure, the impacts of such closure on this population, the weather forecasts, etc.

6. Review of Existing Plans, Programs, Policies and Laws Review, identify and discuss relevant/applicable Plans, Programs, Policies and Laws, and how the proposed actions conform with, compliment, are supported by, differ from or run contrary to them. What gaps were found that need to be filled? What existing policies, programs, plans and laws need to be changed/supplemented/improved/repealed? What is missing altogether that needs to be addressed?

Rev
iew of all pertinent/applicable sections of:
● The City Charter
● Berkeley Municipal Code
● Administrative Regulations
● Council Resolutions
● Staff training manuals
Review of all applicable City Plans:
● The General Pla
n
● Area Plans
● The Climate Action Plan
● Resilience Plan
● Equity Plan

APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL AGENDA ITEMS 41 ● Capital Improvements Plan
● Zero Waste Plan
● B
ike Plan
● Pedestrian Plan
● Other relevant precedents and plans
Review of the City’s Strategic Plan
Review of similar legislation previously int
roduced/passed by Council
Review of County, State and Federal laws/policies/programs/plans, if applicable

7. Actions/Alternatives Considered
● What solutions/measures have other jurisdictions adopted that serve as models/cautionary tales?
● What solutions/meas ures are recommended by adv
ocates, experts,
organizations?
● What is the range of actions considered, and what are some of their major pros and cons?
● Why were other solutions not as feasible/advisable?

8. Consultation/Outreach Overview and Results
● Review/list external and internal stakeholders that were consulted ○ External: constituents, communities, neighborhood organizations, businesses and not for profits, advocates, people with lived experience, faith organizations, industry groups, people/groups that might have concerns about the item, etc.
○ Internal: staff who would implement policies, the City Manager and/or deputy CM, Department Heads, City Attorney, Clerk, etc. ● What reports, articles, books, websites and other materials were consulted? ● What was learned fr
om these sources?
● What changes or approaches did they advocate for that were accepted or rejected?

9. Rationale for Recommendation
A clear and concise statement as to whether the item proposes actions that:
● Conform to, clarify or extend existing Plans, P rograms, Policies and Laws ● Change/Amend existing Plans, Programs, Policies and Laws in mi nor ways
● Change/Amend existing Plans, Programs, Policies and Laws in major ways ● Create an exception to existing Plans, Programs, Policies and Laws ● Reverse/go contrary to or against existing Plans, Programs, Policies and Laws

Argument/summary of argument in support of recommended actions. The argument likely has already been made via the information and analysis already presented,

APPENDIX B. GUIDELINES FOR DEVELOPING AND WRITING COUNCIL AGENDA ITEMS 42 but should be presented/restated/summarized. Plus, further elaboration of terms for recommendations, if any.

10. Implementation, Administration and Enforcement
Discuss how the recommended action(s) would be implemented, administered and enforced. What staffing (internal or via contractors/consultants) and materials/facilities are likely required for implementation?

11. Environmental Sustainability
Discuss the impacts of the recommended action(s), if any, on the environment and the recommendation’s positive and/or negative implications with respect to the City’s Climate Action, Resilience, and other sustainability goals.

12. Fiscal Impacts
Review the recommended action’s potential to generate funds or savings for the City in the short and long-term, as well as the potential direct and indirect costs.

13. Outcomes and Evaluation
State the specific outcomes expected, if any (i.e., “it is expected that 100 homeless people will be referred to housing every year”) and what reporting or evaluation is recommended.

14. Contact Information

15. Attachments/Supporting Materials

APPENDIX C
43 APPENDIX C. TEMPORARY RULES FOR THE CONDUCT OF CITY

COUNCIL MEETINGS THROUGH VIDEO CONFERENCE DURING THE
COVID-19 EMERGENCY

Mayor and Councilmember Speaking Time on Agenda Items
For the Consent Calendar, the Mayor and Councilmembers will initially have up to five minutes each to make comments. After all members of the Council have spoken (or passed) and after public comment, members will each have two additional minutes to discuss the Consent Calendar.

For non-Consent items, the Mayor and Councilmembers will have two minutes each to make initial comments on an agenda item, except for the author of an agenda item who will have five minutes to initially present the item. After every Councilmember has spoken or declined and after public comment, Councilmembers will each have another five minutes per person to address an item. Debate may be extended beyond a second round of Council comments by a majority vote (5 votes).

Time will toll during staff answers to questions; Councilmembers are urged to ask their questions of city staff before the meeting or in writing.

Procedure for Pulling Items from Consent or Information Calendar Three (3) members of the City Council must agree to pull an item from the Consent or Information Calendar for it to move to Action. Absent three members concurring, the item will stay on Consent or Information Calendar and, with respect to Consent items, the Mayor or Councilmembers will be allowed to record their aye, nay or abstain votes on individual items or the entire Consent Calendar.

Moving an item from the Action Calendar to the Consent Calendar requires the unanimous consent of the entire City Council.

Public Comment Speaking Time
With the exception of prescribed times in the Rules of Procedure for public hearings, the amount of time for each speaker during public comment is limited to two minutes maximum and that speakers can only address an agenda item once, however the Presiding Officer has the discretion to reduce speaker time if needed in order to allow the orderly conduct of the meeting, subject to the consent of a majority of the City Council. Speakers may yield their time for a maximum of four minutes per individual. If a speaker wishes to yield their time, they must indicate so when called on by the Presiding Officer and state who they are yielding their speaker time to. The Presiding Officer will keep a list with the names and amount of time yielded to individuals.

In order to inform members of the public of their place in the speaker's queue, the Presiding Officer will call the names of 5 speakers at a time.

Public Comment on Non-Agenda Matters will be conducted in the order of hands raised on the Zoom platform, and will be limited to either the first 10 speakers during the initial round of Non-Agenda public comment, as well as all hands raised during the closing round of Non-Agenda public comment at the conclusion to the meeting, until such time that the

APPENDIX C
44 meeting adjourns. If there are five or fewer speakers with hands raised for Public Comment on Non-Agenda Matters, each speaker will have two minutes to address the City Council. If there are more than five speakers with their hands raised then speaker time will be limited to one minute per person. The procedure for selection of Non-Agenda speakers prescribed in the Rules of Procedure by random draw is suspended for videoconference meetings where there is no physical meeting location.

Office of the City Manager
2180 Milvia Street, Berkeley, CA 94704 ● Tel: (510) 981-7000 ● TDD: (510) 981-6903 ● Fax: (510) 981-7099 E-Mail: [email protected] Website: http://www.cityofberkeley.info/manager

INFORMATION CALENDAR
FEBRUARY 28, 2023
To: Honorable Mayor and Members of the City Council
From: Dee Williams-Ridley, City Manager
Submitted by: Henry Oyekanmi, Director, Finance Department Subject: FY 2023 First Quarter Investment Report: Ended September 30, 2022

SUMMARY
The City’s investment policy requires that a quarterly investment report be submitted to the City Council on the status of the investment portfolio. The report includes all investments managed by the City of Berkeley and provides information on the types, values (par, book, and market), term, and yield of each security.  The return on pooled investments for the quarter ended September 30, 2022 was

1.83%, 54 basis points more than the 1.29% earned by the State Local Agency Investment Fund (State LAIF), which is the benchmark for investment performance used by the City. The return on pooled investments of 1.83% for the quarter ended September 30, 2022 was 54 basis points more than the rate of 1.29% earned in the quarter ended June 30, 2022.
 The average return on all Retiree Medical Trust Fund investments was 4.09% for the quarter ended September 30, 2022.

CURRENT SITUATION AND ITS EFFECTS
Attached is a summary of quarterly reports for the fiscal year 2023 First Quarter ending September 30, 2022 representing the status of the City’s investment portfolio. The report includes all investments managed by the City of Berkeley and provides information on the values (par, book, and market), term, and yield of each security.

Summary information by type of security and detailed information on each security is provided on Exhibit 2-A. An evaluation of portfolio performance for this accounting period compared to the previous three accounting periods is also included in Attachment 1.

Investment Report: FY2023 1st Qtr INFORMATION CALENDAR Ended September 30, 2022 FEBRUARY 28, 2023

A. Portfolio Results
As a result of the differences in the investment policies of different cities, including responsible investing policies, maturity restrictions, investment restrictions, etc., it was difficult for the City of Berkeley to come up with a reasonable performance measure for pooled cash investments. In order to provide some measure of the relative performance of the City’s investment returns, many years ago the City established the State Local Agency Investment Fund (LAIF) as the performance measure to be reported in the quarterly investment reports, since many local governments invested significant portions of their investment portfolios in LAIF.

LAIF was intended to be a reference point to compare the City’s investment performance against, rather than a true performance measure, since most cities typically earn a yield higher than LAIF in normal interest rate environments, and because LAIF’s average maturity of its investments is generally shorter than most cities. As a result, past City Councilmembers requested that information about the rates earned by other California cities be included in the quarterly investment reports for comparison purposes, despite the differences in the investment policies of the various cities.

1. Liquidity of Portfolio:

The average investment in the pooled portfolio matures in 1,337 days as of September 30, 2022. This is 49 days less than the 1,386 maturity days as of June 30, 2022.

2. Comparison of Results to Performance Measures – Pooled investments:

Quarter Ended September 30, 2022
The City’s yield on investments for the quarter ended September 30, 2022 was

1.83%, an increase of 54 basis points (.54%) from the 1.29 earned during the quarter ended June 30, 2022. The average yield on a 90-day Treasury bill at the end of the quarter ended September 30, 2022 was 3.25%, an increase of 162 basis points (1.62%) from the 1.63% at the end of the previous quarter, as a result of the Fed raising rates .75% in July 2022 and .75% in September 2022.

As summarized in Table 1, staff’s overall results were above the performance measure for the quarter by 54 basis points. Staff’s performance was above the performance measure in July by approximately 50 basis points (+.50%); over the performance measure in August by approximately 58 basis points (+.58%); and, was over the performance measure in September by approximately 53 basis points (+.53%). The performance measure for the return on investments is compared to the rate of return of the State LAIF.

Investment Report: FY2023 1st Qtr INFORMATION CALENDAR Ended September 30, 2022 FEBRUARY 28, 2023

Table 1
For Quarter Ending September 30, 2022
Period City State LAIF Difference
Jul-22 1.59% 1.09% +0.50%
Aug-22 1.86% 1.28% +0.58%
Sep-22 2.04% 1.51% +0.53%
Jul 1-Sept 30

1.83% 1.29% 0.54%

3. Investment Results-Retiree Health Insurance Funds:

Average interest rates earned on the retiree health insurance trust funds for the quarter ended September 30, 2022 compared to the quarter ended June 30 2022, were as follows:

Table 2

EARNED INTEREST RATES
For Quarter Ended 9/30/2022 Compared To 6/30/2022
Trust Fund 1st Qtr
9/30/22
4th Qtr
6/30/22
Retiree Medical Trust Fund (Misc Employees) 4.78% 4.85% Fire Retiree Medical Trust Fund 3.92% 3.98%
Police Retiree Medical Trust Fund 3.58% 3.33%
The rates earned on these plans are expected to be higher in the future, as staff plans to use the investment authority granted by Council to purchase long-term bonds as rates move higher.

Details related to retiree health trust fund investments are in Attachment 3, Exhibits 3- A, 3-B, and 3-C of this report.

B. Discussion of Interest Rate Environment and Outlook
In its September 21, 2022 statement, the Federal Open Market Committee said recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains

Investment Report: FY2023 1st Qtr INFORMATION CALENDAR Ended September 30, 2022 FEBRUARY 28, 2023

elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks.

Yield Trend
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3-1/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve’s Balance Sheet that were issued in May.

The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming on economic outlook. The Committee would be prepared to adjust monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Since the Federal Reserve change its zero-interest rate policy in March 2017 to combat high inflation, the Federal Reserve Board has raised the Federal Funds rate seven times for a total of 4.25%, as follows:

Table 3

DATE RATE CHANGE FEDERAL FUNDS RATE
03/17/22 .25% .25%-.50%
05/05/22 .50% .75%-1.00%
06/16/22 .75% 1.50%-1.75%
07/27/22 .75% 2.25%-2.50%
09/21/22 .75% 3.00%-3.25%
11/02/2022 .75% 3.75%-4.00%
12/14/2022 .50% 4.25%-4.50%

Investment Report: FY2023 1st Qtr INFORMATION CALENDAR Ended September 30, 2022 FEBRUARY 28, 2023

The Federal Reserve has indicated that it will slow down the increases starting in December, so an additional increase of .50% or .25% is expected in early 2023, and then staff expects the Fed to pause.

Change in Strategy
Prior to the Fed’s change in monetary policy starting March 16, 2022, staff’s basic strategy consisted of not purchasing any Agency or Medium-Term corporate note securities with a maturity beyond three years, unless the securities were step-up securities (i.e., securities whose interest rates increased periodically, if they were not called). After the Fed’s change in monetary policy in March 2022, the City’s investment strategy changed to extending the investment maturities of securities purchased beyond three years and locking in rates. This should result in a significant increase in interest income during the remainder of FY 2022, and into FY 2023.

As a result of the Fed’s sharp increase in interest rates and the move to sell Agency and Mortgage-Backed securities from its Balance Sheet, there is an increasing probability of a recession in the US in 2023, which could force the Federal Reserve to start reducing interest rates later in 2023 or early 2024, if inflation continues to decline.

The City’s earned rate is expected to be above the City’s benchmark (State LAIF) and the City’s return is expected to be comparable to rates earned by most other cities in California. A sample of rates earned by Northern and Southern California cities is reflected in table 3 below (previously only Northern California cities were included):

Table 4
Other California Cities
Earned Interest Rates
For the Quarter Ending September 30, 2022
City Rates Earned
Burbank 2.03%
Los Angeles 1.89%
Berkeley 1.83%
Palo Alto 1.66%
Oakland 1.66%
San Jose 1.62%
Sacramento 1.47%
Torrance 1.42%
San Francisco 1.28%
Hayward 1.21%
San Diego .64%

Investment Report: FY2023 1st Qtr INFORMATION CALENDAR Ended September 30, 2022 FEBRUARY 28, 2023

BACKGROUND
 Pooled Investments
Short-term cash is invested primarily in government sponsored enterprises (referred to as Federal Agency) notes and medium-term corporate notes for periods of one to five years. Additional cash is invested in a money market fund or overnight securities to meet the liquidity needs of the City.

In some cases, the City may have investments with a current market value that is greater or less than the recorded cost. These changes in market value are due to fluctuations in the market and have no effect on yield, as the City does not intend to sell securities prior to maturity.
 Retiree Health Trust Fund Investments
The City agreed to provide retiree Health insurance coverage for fire, police and miscellaneous employees under certain terms and conditions. An actuarial study commissioned by the City many years ago determined that, in addition to City Contributions, an average rate of return of 7% on miscellaneous employees trust fund assets invested must be achieved to fund the retiree health benefit at the desired 70% level. Primarily as a result of the Federal Reserve Board’s decision to keep short-term rates near zero for the last 14 years, the average rate currently earned is significantly below that 7% level. City Finance Department staff manages these investment portfolios.

ENVIRONMENTAL SUSTAINABILITY AND CLIMATE IMPACTS
There are no identifiable environmental effects or opportunities associated with the subject of this report.

CONTACT PERSON
Henry Oyekanmi, Director, Finance Department, 981-7326

ATTACHMENTS

1. Portfolio Evaluation FY 2023 First Quarter

2. Investment Report Analysis FY 2023 First Quarter
a. Exhibit 2-A: Pooled Cash and Investments
b. Exhibit 2-B.1 through 2-B.3: Interest Earnings July 1, 2022 – September 30, 2022
c. Exhibit 2-C: Book Value By Investment Type
d. Exhibit 2-D: Current Holdings vs. Policy Limits
e. Exhibit 2-E: Investment Portfolio Trend

3. Summary of Pooled and Cash Investments FY 2023 First Quarter –Trust Funds a. Exhibit 3-A: Retiree Medical Trust Funds –Misc.
b. Exhibit 3-B: Retiree Medical Trust Funds –Fire
c. Exhibit 3-C: Retiree Medical Trust Funds –Police

Attachment 1
Total Portfolio
Pooled Cash and Investments (COB) 595,920,437$ 698,786,628$ 581,600,292$ 599,176,851$ 526,986,435$ Pooled Cash and Investments (Trust) 50,385,235 49,954,298 50,745,325 52,859,894 52,247,171 Total Cash and Investments 646,305,672$ 748,740,926$ 632,345,617$ 652,036,745$ 579,233,606$ Average Life of Investment Portfolio
Pooled Investments (CoB) 1,337 1,386 1,352 1,300 1,304
Trust Investments 1.91 years 2.069 years 2.008 years 2.378 years 1.961 years Weighted Yield
Pooled Investments (CoB) 1.830% 1.293% 0.969% 1.096% 0.992% Trust Investments 4.094% 4.398% 4.137% 4.055% 3.369%
Prime Rate 6.250% 4.750% 3.500% 3.250% 3.250%
91-day Treasury Bill Rate 3.247% 1.626% 0.482% 0.030% 0.033% 2-year Treasury Note Rate 4.279% 2.953% 2.335% 0.732% 0.276% Cash and Investments Maturity
Within one year 199,265,720$ 30.83% 327,419,689$ 43.73% 253,735,661$ 40.13% 250,773,736$ 38.46% 164,472,378$ 28.39% Between 1 to 3 years 89,762,997 13.89% 65,308,653 8.72% 52,619,468 8.32% 48,320,863 7.41% 43,663,650 7.54% Between 3 to 5 years 314,751,739 48.70% 329,817,379 44.05% 305,166,300 48.26% 321,618,796 49.33% 333,855,324 57.64% Between 5 to 10 years 42,525,217 6.58% 11,272,605 1.51% 20,824,188 3.29% 31,323,351 4.80% 37,242,254 6.43% Over 10 years - 0.00% 14,922,600 1.99% - 0.00% - 0.00% - 0.00% Total 646,305,672$ 100.00% 748,740,926$ 100.00% 632,345,617$ 100.00% 652,036,745$ 100.00% 579,233,606$ 100.00% Portfolio Evaluation
September 2021December 2021March 2022
Quarter Ending
June 2022
Quarter Ended September 30, 2022
September 2022

Attachment 2
Pension and OPEB
Investments Pooled Investments Trust Investments Total
Portfolio 500,942,121$ 25,129,337$ 526,071,458$ Unrecognized gain/(loss) (38,509,395) (2,898,602) (41,407,997) Total Investments 462,432,726 22,230,735 484,663,461 Cash Pooled Cash
Pension and OPEB
Trust Cash Total
Cash with Fidelity Money Market 158,170,561 - 158,170,561 Cash with Fiscal Agents 14 - 14 Cash Deposits in Banks 3,471,636 - 3,471,636 Pooled Cash Adjustment (28,154,500) 28,154,500 - Total Cash 133,487,711 28,154,500 161,642,211 Adjusted Grand Total (All Cash and Investments) 595,920,437$ 50,385,235$ 646,305,672$ Pooled Cash Portfolio Breakdown As of September 30, 2022 Book Value Market Value Investments 500,942,121$ 462,432,726$
500,942,121$ 462,432,726$
Note: Pooled cash for General Fund includes Rent Board cash of $5,887,622.86 Investment Report Analysis
As of September 30, 2022

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity
Moody's
Rating
Certificates of Deposits
254673RD0 14539 Discover Bank 250,000.00 250,000.00 248,770.00 3.300 3.300 07/05/2023 277 N/A 795450T47 14540 Sallie Mae Bank 250,000.00 250,000.00 248,787.50 3.300 3.300 07/03/2023 275 N/A Subtotal and Average 500,000.00 500,000.00 497,557.50 3.300 276 Medium Term Notes
88579YAR2 14659 3M COMPANY 4,850,870.95 5,000,000.00 4,752,600.00 3.000 4.120 08/07/2025 1,041 A1 008252AM0 14582 Affiliated Managers Group 1,025,317.76 1,000,000.00 990,670.00 4.250 2.300 02/15/2024 502 A3 037833AK6 14536 Apple Inc 4,977,676.46 5,000,000.00 4,945,350.00 2.400 3.225 05/03/2023 214 AAA 04685A2L4 14590 Athene Global Funding 5,972,988.17 5,950,000.00 5,549,327.00 2.500 2.320 01/14/2025 836 A1 04685A2L4 14602 Athene Global Funding 4,921,090.57 5,000,000.00 4,663,300.00 2.500 3.250 01/14/2025 836 A1 084670BJ6 14542 Berkshire Hathaway 4,997,489.71 5,000,000.00 4,986,800.00 3.000 3.150 02/11/2023 133 AA2 20030NBN0 14563 Comcast Corp 5,035,583.93 5,000,000.00 4,799,450.00 3.375 3.100 08/15/2025 1,049 A3 233851CU6 14571 Daimler Finance 5,048,852.39 5,000,000.00 4,646,550.00 3.450 3.190 01/06/2027 1,558 A3 233851CU6 14574 Daimler Finance 3,788,535.70 3,725,000.00 3,461,679.75 3.450 3.000 01/06/2027 1,558 A3 24422EUM9 14554 John Deere Cap 5,016,524.50 5,000,000.00 4,965,350.00 3.650 3.300 10/12/2023 376 A2 24422EWK1 14663 John Deere Cap 4,977,798.02 5,000,000.00 4,852,150.00 4.150 4.250 09/15/2027 1,810 A2 375558BF9 14570 Gilead Sciences 5,081,345.52 5,000,000.00 4,752,650.00 3.650 3.118 03/01/2026 1,247 A3 540424AQ1 14555 Loews Corporation 4,979,147.29 5,000,000.00 4,948,850.00 2.625 3.350 05/15/2023 226 A3 30303M8B1 14660 Meta Platforms Inc 4,813,065.52 5,000,000.00 4,675,550.00 3.500 4.360 08/15/2027 1,779 A1 68389XAS4 14548 Oracle Corp 5,008,137.60 5,000,000.00 4,956,600.00 3.625 3.388 07/15/2023 287 BAA2 747525AT0 14564 Qualcomm Inc 4,988,687.15 5,000,000.00 4,858,850.00 2.900 3.050 05/20/2024 597 A2 747525AU7 14587 Qualcomm Inc 6,167,935.52 5,963,000.00 5,583,216.53 3.250 2.435 05/20/2027 1,692 A2 828807CS4 14606 Simon Property Group 4,997,652.11 5,000,000.00 4,851,250.00 3.375 3.353 10/01/2024 731 A3 07330MAA5 14588 Truist Bank 5,268,892.70 5,000,000.00 4,702,200.00 3.800 2.365 10/30/2026 1,490 A2 Subtotal and Average 91,917,591.57 91,638,000.00 87,942,393.28 3.206 965 Federal Agency Coupon Securities
3133ENVS6 14650 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,940,550.00 2.030 2.030 05/02/2023 213 AAA 3133ENN22 14664 Federal Farm Credit Bank 4,980,522.23 5,000,000.00 4,921,750.00 3.750 3.890 09/22/2025 1,087 AAA 3133ENP95 14666 Federal Farm Credit Bank 4,979,155.00 5,000,000.00 4,983,150.00 4.250 4.400 09/30/2025 1,095 AAA 3130ATDK0 14661 Federal Home Loan Banks 4,993,686.57 5,000,000.00 4,972,200.00 3.875 3.989 12/08/2023 433 AAA Subtotal and Average 19,953,363.80 20,000,000.00 19,817,650.00 3.576 706 Medium-Term Notes - Callable
05531FBF9 14561 BB&T Corporation 5,040,302.60 5,000,000.00 4,952,900.00 3.750 3.012 12/06/2023 431 A3 22553PWD7 14652 Credit Suisse AG 5,000,000.00 5,000,000.00 4,796,800.00 4.050 4.050 05/25/2025 967 A2 22553PXJ3 14655 Credit Suisse AG 5,000,000.00 5,000,000.00 4,448,950.00 5.000 5.001 05/31/2032 3,530 A2 693475AV7 14557 PNC Financial Services 5,007,682.42 5,000,000.00 4,920,500.00 3.500 3.425 01/23/2024 479 A3 751212AC5 14566 Ralph Lauren 5,084,498.22 5,000,000.00 4,856,750.00 3.750 3.106 09/15/2025 1,080 A3 City of Berkeley
Pooled Cash and Investments
As of September 30, 2022

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity
Moody's
Rating
City of Berkeley
Pooled Cash and Investments
As of September 30, 2022
91159HHU7 14562 US Bancorp 5,132,286.16 5,000,000.00 4,872,300.00 3.950 2.848 11/17/2025 1,143 A2 Subtotal and Average 30,264,769.40 30,000,000.00 28,848,200.00 3.568 1,269

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity
Moody's
Rating
City of Berkeley
Pooled Cash and Investments
As of September 30, 2022
Federal Agency Callable
3130ARXL0 14649 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,835,800.00 3.000 3.000 05/25/2023 236 AAA 3130ATH42 14665 Federal Home Loan Banks 8,000,000.00 8,000,000.00 8,029,200.00 4.700 4.700 09/29/2027 1,824 AAA 13,000,000.00 13,000,000.00 12,865,000.00 4.046 1,213 Federal Agency Continuously Callable
31422XJW3 14638 Farmer Mac 10,000,000.00 10,000,000.00 8,981,600.00 0.300 0.300 07/20/2026 1,388 N/A 3133ENUV0 14644 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,722,450.00 4.000 4.000 04/19/2032 3,488 AAA 3133ENVV9 14647 Federal Farm Credit Bank 5,000,000.00 5,000,000.00 4,762,400.00 3.630 3.630 05/03/2027 1,675 AAA 3133ENWW6 14653 Federal Farm Credit Bank 4,994,695.88 5,000,000.00 4,714,450.00 4.370 4.384 05/17/2032 3,516 AAA 3130AMAV4 14611 Federal Home Loan Banks 5,600,000.00 5,600,000.00 4,926,656.00 1.250 1.125 04/29/2027 1,671 AAA 3130ALZA5 14612 Federal Home Loan Banks 9,000,000.00 9,000,000.00 8,153,550.00 0.750 0.500 04/29/2026 1,306 AAA 3130AMEX6 14613 Federal Home Loan Banks 15,000,000.00 15,000,000.00 13,476,750.00 0.750 0.500 05/27/2026 1,334 AAA 3130AMF72 14615 Federal Home Loan Banks 15,000,000.00 15,000,000.00 13,329,000.00 0.650 0.650 05/27/2026 1,334 AAA 3130AMFQ0 14616 Federal Home Loan Banks 15,000,000.00 15,000,000.00 13,452,750.00 1.150 1.020 05/26/2026 1,333 AAA 3130AMFT4 14617 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,870,900.00 0.625 0.625 05/27/2026 1,334 AAA 3130AMG22 14618 Federal Home Loan Banks 20,000,000.00 20,000,000.00 17,812,600.00 0.700 0.500 05/27/2026 1,334 AAA 3130AMGG1 14619 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,948,500.00 0.600 0.600 05/26/2026 1,333 AAA 3130AMFN7 14620 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,954,800.00 0.500 0.500 05/26/2026 1,333 AAA 3130AMG55 14622 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,680,100.00 0.750 0.750 05/27/2027 1,699 AAA 3130AMG22 14624 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,906,300.00 0.700 0.500 05/27/2026 1,334 AAA 3130AMLS9 14627 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,945,500.00 0.750 0.713 06/17/2026 1,355 AAA 3130AMN24 14628 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,962,500.00 1.150 1.034 06/03/2026 1,341 AAA 3130AMN57 14629 Federal Home Loan Banks 20,000,000.00 20,000,000.00 17,893,400.00 1.100 1.013 06/03/2026 1,341 AAA 3130AMP71 14630 Federal Home Loan Banks 20,000,000.00 20,000,000.00 17,939,000.00 1.200 1.077 06/18/2026 1,356 AAA 3130AMPL0 14631 Federal Home Loan Banks 15,000,000.00 15,000,000.00 13,438,650.00 1.150 0.375 06/08/2026 1,346 AAA 3130AMMW9 14632 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,949,400.00 0.875 0.500 06/10/2026 1,348 AAA 3130AMWM0 14634 Federal Home Loan Banks 4,250,000.00 4,250,000.00 3,787,302.50 1.050 0.500 06/30/2026 1,368 AAA 3130AN5U0 14642 Federal Home Loan Banks 10,000,000.00 10,000,000.00 8,931,700.00 0.750 0.500 07/29/2026 1,397 AAA 3130ANJY7 14643 Federal Home Loan Banks 40,000,000.00 40,000,000.00 35,067,200.00 1.000 0.400 08/26/2026 1,425 AAA 3130ARTE1 14645 Federal Home Loan Banks 6,425,000.00 6,425,000.00 6,021,767.00 4.100 4.100 04/26/2032 3,495 AAA 3130ARX71 14648 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,801,700.00 3.000 3.000 05/23/2025 965 AAA 3130ARYA3 14651 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,803,300.00 4.000 4.000 05/26/2027 1,698 AAA 3130AS7K9 14654 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,727,600.00 4.440 4.440 05/26/2032 3,525 AAA 3130ASGF0 14656 Federal Home Loan Banks 5,000,000.00 5,000,000.00 4,885,200.00 4.000 4.000 06/30/2025 1,003 AAA 3130ATDV6 14662 Federal Home Loan Banks 5,000,000.00 5,000,000.00 5,008,650.00 5.000 5.000 09/30/2027 1,825 AAA 3134GXRS5 14646 Federal Home Loan Mortgage Co 5,000,000.00 5,000,000.00 4,860,950.00 3.100 3.100 04/29/2025 941 AAA 3134GXC28 14657 Federal Home Loan Mortgage Co 5,000,000.00 5,000,000.00 4,930,400.00 4.100 4.100 07/18/2025 1,021 AAA 3134GXC36 14658 Federal Home Loan Mortgage Co 5,000,000.00 5,000,000.00 4,953,000.00 4.000 4.000 12/30/2024 821 AAA 340,269,695.88 340,275,000.00 307,600,025.50 1.245 1,493

Exhibit 2-A
CUSIP Investment # Issuer Book Value Par Value Market Value Current
Rate
YTM/C
365
Maturity
Date
Days To
Maturity
Moody's
Rating
City of Berkeley
Pooled Cash and Investments
As of September 30, 2022
Municipal Bonds
13063DGB8 14559 General Obligation Unlimited 5,036,700.40 5,000,000.00 4,861,900.00 3.375 3.087 04/01/2025 913 AA2 Subtotal and Average 5,036,700.40 5,000,000.00 4,861,900.00 3.087 913 Total Investments and Average 500,942,121.05 500,413,000.00 462,432,726.28 1.931 Total Investments (Book Value) 500,942,121.05
Cash 133,487,711.00
Total Investments (Book Value) and Cash 634,429,832.05
Increase / (Decrease) in Market Value of Securities (38,509,394.77) Total Investments (Market Value) and Cash 595,920,437.28

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.1
Sorted by Fund - Fund
July 1, 2022 - July 31, 2022
Yield on Beginning Book Value
Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014648 5,000,000.00 3.000MC5 05/23/2025 12,500.00 0.00 12,500.002.944010 5,000,000.003130ARX71 15,000,000.0014613 15,000,000.00 0.750MC5 05/27/2026 9,375.00 0.00 9,375.000.736010 15,000,000.003130AMEX6 9,000,000.0014612 9,000,000.00 0.750MC5 04/29/2026 5,625.00 0.00 5,625.000.736010 9,000,000.003130ALZA5 15,000,000.0014615 15,000,000.00 0.650MC5 05/27/2026 8,125.00 0.00 8,125.000.638010 15,000,000.003130AMF72 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMFQ0 10,000,000.0014620 10,000,000.00 0.500MC5 05/26/2026 4,166.67 0.00 4,166.670.491010 10,000,000.003130AMFN7 10,000,000.0014619 10,000,000.00 0.600MC5 05/26/2026 5,000.00 0.00 5,000.000.589010 10,000,000.003130AMGG1 20,000,000.0014618 20,000,000.00 0.700MC5 05/27/2026 11,666.67 0.00 11,666.670.687010 20,000,000.003130AMG22 10,000,000.0014642 10,000,000.00 0.750MC5 07/29/2026 5,277.78 0.00 5,277.780.621010 10,000,000.003130AN5U0 5,000,000.0014649 5,000,000.00 3.000MC4 05/25/2023 12,500.00 0.00 12,500.002.944010 5,000,000.003130ARXL0 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.33 0.00 5,833.331.226010 5,600,000.003130AMAV4 5,000,000.0014651 5,000,000.00 4.000MC5 05/26/2027 16,666.67 0.00 16,666.673.925010 5,000,000.003130ARYA3 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.356010 5,000,000.003130AS7K9 5,000,000.0014656 5,000,000.00 4.000MC5 06/30/2025 16,666.66 0.00 16,666.663.925010 5,000,000.003130ASGF0 10,000,000.0014622 10,000,000.00 0.750MC5 05/27/2027 6,250.00 0.00 6,250.000.736010 10,000,000.003130AMG55 10,000,000.0014617 10,000,000.00 0.625MC5 05/27/2026 5,208.33 0.00 5,208.330.613010 10,000,000.003130AMFT4 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.34 0.00 9,583.341.128010 10,000,000.003130AMN24 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.33 0.00 18,333.331.079010 20,000,000.003130AMN57 40,000,000.0014643 40,000,000.00 0.400MC5 08/26/2026 13,333.33 0.00 13,333.330.392010 40,000,000.003130ANJY7 4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.030010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.177010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 0.875MC5 06/10/2026 7,291.66 0.00 7,291.660.859010 10,000,000.003130AMMW9 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.08 0.00 21,952.084.023010 6,425,000.003130ARTE1 10,000,000.0014624 10,000,000.00 0.700MC5 05/27/2026 5,833.33 0.00 5,833.330.687010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 0.750MC5 06/17/2026 6,250.00 0.00 6,250.000.736010 10,000,000.003130AMLS9 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.67 0.00 16,666.673.925010 5,000,000.003133ENUV0 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.562010 5,000,000.003133ENVV9 5,000,000.0014650 5,000,000.00 2.030FAC 05/02/2023 8,458.34 0.00 8,458.341.992010 5,000,000.003133ENVS6 4,994,604.0614653 5,000,000.00 4.370MC5 05/17/2032 18,208.33 45.91 18,254.244.303010 4,994,558.153133ENWW6 5,000,000.0014658 5,000,000.00 4.000MC5 12/30/2024 16,666.66 0.00 16,666.663.925010 5,000,000.003134GXC36 5,000,000.0014646 5,000,000.00 3.100MC5 04/29/2025 12,916.67 0.00 12,916.673.042010 5,000,000.003134GXRS5

Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund
Exhibit 2-B.1
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
July 1, 2022 - July 31, 2022
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014657 5,000,000.00 4.100MC5 07/18/2025 7,402.78 0.00 7,402.783.860010 0.003134GXC28 5,000,086.4314580 5,000,000.00 2.250MTN 08/14/2022 9,375.00 -199.45 9,175.552.161010 5,000,285.8853944VAS8 4,971,358.4714536 5,000,000.00 2.400MTN 05/03/2023 10,000.00 3,158.99 13,158.993.119010 4,968,199.48037833AK6 250,000.0014539 250,000.00 3.300SCD 07/05/2023 700.68 0.00 700.683.300010 250,000.00254673RD0 250,000.0014540 250,000.00 3.300SCD 07/03/2023 700.68 0.00 700.683.300010 250,000.00795450T47 4,996,331.1114542 5,000,000.00 3.000MTN 02/11/2023 12,500.00 579.29 13,079.293.083010 4,995,751.82084670BJ6 10,000,000.0014638 10,000,000.00 0.300MC5 07/20/2026 2,500.00 0.00 2,500.000.294010 10,000,000.0031422XJW3 4,996,402.4914545 5,000,000.00 2.400MTN 09/15/2022 10,000.00 2,452.85 12,452.852.936010 4,993,949.64589331AT4 5,009,856.8114548 5,000,000.00 3.625MTN 07/15/2023 15,104.17 -859.61 14,244.563.347010 5,010,716.4268389XAS4 5,019,196.9314554 5,000,000.00 3.650MTN 10/12/2023 15,208.33 -1,336.21 13,872.123.253010 5,020,533.1424422EUM9 4,973,561.7514555 5,000,000.00 2.625MTN 05/15/2023 10,937.50 2,792.78 13,730.283.252010 4,970,768.97540424AQ1 5,008,659.0014557 5,000,000.00 3.500MC3 01/23/2024 14,583.33 -488.29 14,095.043.313010 5,009,147.29693475AV7 5,039,147.1014559 5,000,000.00 3.375MUN 04/01/2025 14,062.50 -1,223.35 12,839.152.999010 5,040,370.4513063DGB8 5,045,992.3814561 5,000,000.00 3.750MC3 12/06/2023 15,625.00 -2,844.89 12,780.112.980010 5,048,837.2705531FBF9 5,139,335.1614562 5,000,000.00 3.950MC3 11/17/2025 16,458.33 -3,524.49 12,933.842.961010 5,142,859.6591159HHU7 5,037,648.7714563 5,000,000.00 3.375MTN 08/15/2025 14,062.50 -1,032.41 13,030.093.045010 5,038,681.1820030NBN0 4,987,534.7414564 5,000,000.00 2.900MTN 05/20/2024 12,083.33 576.21 12,659.542.989010 4,986,958.53747525AT0 6,175,302.8914587 5,963,000.00 3.250MTN 05/20/2027 16,149.79 -3,683.68 12,466.112.375010 6,178,986.57747525AU7 5,089,263.1614566 5,000,000.00 3.750MC3 09/15/2025 15,625.00 -2,382.46 13,242.543.062010 5,091,645.62751212AC5 5,085,313.5914570 5,000,000.00 3.650MTN 03/01/2026 15,208.34 -1,984.04 13,224.303.061010 5,087,297.63375558BF9 3,791,019.1814574 3,725,000.00 3.450MTN 01/06/2027 10,709.38 -1,241.74 9,467.642.940010 3,792,260.92233851CU6 5,050,761.9314571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.128010 5,051,716.70233851CU6 1,028,392.7914582 1,000,000.00 4.250MTN 02/15/2024 3,541.66 -1,537.52 2,004.142.291010 1,029,930.31008252AM0 5,279,875.3814588 5,000,000.00 3.800MTN 10/30/2026 15,833.34 -5,491.34 10,342.002.304010 5,285,366.7207330MAA5 4,915,337.7514602 5,000,000.00 2.500MTN 01/14/2025 10,416.67 2,876.40 13,293.073.186010 4,912,461.3504685A2L4 5,974,664.1014590 5,950,000.00 2.500MTN 01/14/2025 12,395.84 -837.97 11,557.872.277010 5,975,502.0704685A2L4 4,997,456.4514606 5,000,000.00 3.375MTN 10/01/2024 14,062.50 97.83 14,160.333.336010 4,997,358.62828807CS4

0.0014641 T-1 0.00 0.300MTN 07/15/2022 466.67 0.00 466.670.304010 4,000,000.0015654VAK4 5,000,000.0014652 5,000,000.00 4.050MC3 05/25/2025 16,875.00 0.00 16,875.003.974010 5,000,000.0022553PWD7 5,000,000.0014655 5,000,000.00 5.000MC3 05/31/2032 20,833.33 0.00 20,833.334.906010 5,000,000.0022553PXJ3 467,413,000.00Subtotal 468,382,102.42 1.756 697,203.29-17,041.96714,245.25467,399,144.38 Fund: Fidelity MM - Trans
14190 0.002RRP 34.91 0.00 34.910.001030SYS14190

0.001 34.910.0034.91
Fund: Fidelity MM - Regular
14265 0.003RRP 273,203.36 0.00 273,203.361.556040SYS14265

1.556 273,203.360.00273,203.36

Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund
Exhibit 2-B-1
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
July 1, 2022 - July 31, 2022
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
467,413,000.00Total 468,382,102.42 1.589 970,441.56-17,041.96987,483.52467,399,144.38

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.2
Sorted by Fund - Fund
August 1, 2022 - August 31, 2022
Yield on Beginning Book Value
Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014648 5,000,000.00 3.000MC5 05/23/2025 12,500.00 0.00 12,500.002.944010 5,000,000.003130ARX71 15,000,000.0014613 15,000,000.00 0.750MC5 05/27/2026 9,375.00 0.00 9,375.000.736010 15,000,000.003130AMEX6 9,000,000.0014612 9,000,000.00 0.750MC5 04/29/2026 5,625.00 0.00 5,625.000.736010 9,000,000.003130ALZA5 15,000,000.0014615 15,000,000.00 0.650MC5 05/27/2026 8,125.00 0.00 8,125.000.638010 15,000,000.003130AMF72 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMFQ0 10,000,000.0014620 10,000,000.00 0.500MC5 05/26/2026 4,166.66 0.00 4,166.660.491010 10,000,000.003130AMFN7 10,000,000.0014619 10,000,000.00 0.600MC5 05/26/2026 5,000.00 0.00 5,000.000.589010 10,000,000.003130AMGG1 20,000,000.0014618 20,000,000.00 0.700MC5 05/27/2026 11,666.67 0.00 11,666.670.687010 20,000,000.003130AMG22 10,000,000.0014642 10,000,000.00 0.750MC5 07/29/2026 6,250.00 0.00 6,250.000.736010 10,000,000.003130AN5U0 5,000,000.0014649 5,000,000.00 3.000MC4 05/25/2023 12,500.00 0.00 12,500.002.944010 5,000,000.003130ARXL0 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.33 0.00 5,833.331.226010 5,600,000.003130AMAV4 5,000,000.0014651 5,000,000.00 4.000MC5 05/26/2027 16,666.67 0.00 16,666.673.925010 5,000,000.003130ARYA3 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.356010 5,000,000.003130AS7K9 5,000,000.0014656 5,000,000.00 4.000MC5 06/30/2025 16,666.67 0.00 16,666.673.925010 5,000,000.003130ASGF0 10,000,000.0014622 10,000,000.00 0.750MC5 05/27/2027 6,250.00 0.00 6,250.000.736010 10,000,000.003130AMG55 10,000,000.0014617 10,000,000.00 0.625MC5 05/27/2026 5,208.33 0.00 5,208.330.613010 10,000,000.003130AMFT4 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.33 0.00 9,583.331.128010 10,000,000.003130AMN24 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.34 0.00 18,333.341.079010 20,000,000.003130AMN57 40,000,000.0014643 40,000,000.00 1.000MC5 08/26/2026 16,666.67 0.00 16,666.670.491010 40,000,000.003130ANJY7 4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.030010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.128010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.177010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 0.875MC5 06/10/2026 7,291.67 0.00 7,291.670.859010 10,000,000.003130AMMW9 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.08 0.00 21,952.084.023010 6,425,000.003130ARTE1 10,000,000.0014624 10,000,000.00 0.700MC5 05/27/2026 5,833.34 0.00 5,833.340.687010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 0.750MC5 06/17/2026 6,250.00 0.00 6,250.000.736010 10,000,000.003130AMLS9 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.66 0.00 16,666.663.925010 5,000,000.003133ENUV0 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.562010 5,000,000.003133ENVV9 5,000,000.0014650 5,000,000.00 2.030FAC 05/02/2023 8,458.33 0.00 8,458.331.992010 5,000,000.003133ENVS6 4,994,649.9714653 5,000,000.00 4.370MC5 05/17/2032 18,208.33 45.91 18,254.244.303010 4,994,604.063133ENWW6 5,000,000.0014658 5,000,000.00 4.000MC5 12/30/2024 16,666.67 0.00 16,666.673.925010 5,000,000.003134GXC36 5,000,000.0014646 5,000,000.00 3.100MC5 04/29/2025 12,916.67 0.00 12,916.673.042010 5,000,000.003134GXRS5

Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund
Exhibit 2-B.2
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
August 1, 2022 - August 31, 2022
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014657 5,000,000.00 4.100MC5 07/18/2025 17,083.33 0.00 17,083.334.023010 5,000,000.003134GXC28

0.0014580 0.00 2.250MTN 08/14/2022 4,062.50 -86.43 3,976.072.233010 5,000,086.4353944VAS8 4,974,517.4614536 5,000,000.00 2.400MTN 05/03/2023 10,000.00 3,158.99 13,158.993.117010 4,971,358.47037833AK6 250,000.0014539 250,000.00 3.300SCD 07/05/2023 700.69 0.00 700.693.300010 250,000.00254673RD0 250,000.0014540 250,000.00 3.300SCD 07/03/2023 700.68 0.00 700.683.300010 250,000.00795450T47 4,996,910.4114542 5,000,000.00 3.000MTN 02/11/2023 12,500.00 579.30 13,079.303.082010 4,996,331.11084670BJ6 10,000,000.0014638 10,000,000.00 0.300MC5 07/20/2026 2,500.00 0.00 2,500.000.294010 10,000,000.0031422XJW3 4,998,855.3414545 5,000,000.00 2.400MTN 09/15/2022 10,000.00 2,452.85 12,452.852.935010 4,996,402.49589331AT4 5,008,997.2114548 5,000,000.00 3.625MTN 07/15/2023 15,104.16 -859.60 14,244.563.348010 5,009,856.8168389XAS4 5,017,860.7214554 5,000,000.00 3.650MTN 10/12/2023 15,208.34 -1,336.21 13,872.133.254010 5,019,196.9324422EUM9 4,976,354.5214555 5,000,000.00 2.625MTN 05/15/2023 10,937.50 2,792.77 13,730.273.250010 4,973,561.75540424AQ1 5,008,170.7114557 5,000,000.00 3.500MC3 01/23/2024 14,583.33 -488.29 14,095.043.313010 5,008,659.00693475AV7 5,037,923.7514559 5,000,000.00 3.375MUN 04/01/2025 14,062.50 -1,223.35 12,839.153.000010 5,039,147.1013063DGB8 5,043,147.4914561 5,000,000.00 3.750MC3 12/06/2023 15,625.00 -2,844.89 12,780.112.982010 5,045,992.3805531FBF9 5,135,810.6614562 5,000,000.00 3.950MC3 11/17/2025 16,458.34 -3,524.50 12,933.842.963010 5,139,335.1691159HHU7 5,036,616.3514563 5,000,000.00 3.375MTN 08/15/2025 14,062.50 -1,032.42 13,030.083.045010 5,037,648.7720030NBN0 4,988,110.9514564 5,000,000.00 2.900MTN 05/20/2024 12,083.34 576.21 12,659.552.989010 4,987,534.74747525AT0 6,171,619.2114587 5,963,000.00 3.250MTN 05/20/2027 16,149.80 -3,683.68 12,466.122.377010 6,175,302.89747525AU7 5,086,880.6914566 5,000,000.00 3.750MC3 09/15/2025 15,625.00 -2,382.47 13,242.533.064010 5,089,263.16751212AC5 5,083,329.5514570 5,000,000.00 3.650MTN 03/01/2026 15,208.33 -1,984.04 13,224.293.062010 5,085,313.59375558BF9 3,789,777.4414574 3,725,000.00 3.450MTN 01/06/2027 10,709.37 -1,241.74 9,467.632.940010 3,791,019.18233851CU6 5,049,807.1614571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.128010 5,050,761.93233851CU6 1,026,855.2814582 1,000,000.00 4.250MTN 02/15/2024 3,541.67 -1,537.51 2,004.162.295010 1,028,392.79008252AM0 5,274,384.0414588 5,000,000.00 3.800MTN 10/30/2026 15,833.33 -5,491.34 10,341.992.306010 5,279,875.3807330MAA5 4,918,214.1614602 5,000,000.00 2.500MTN 01/14/2025 10,416.66 2,876.41 13,293.073.184010 4,915,337.7504685A2L4 5,973,826.1414590 5,950,000.00 2.500MTN 01/14/2025 12,395.83 -837.96 11,557.872.278010 5,974,664.1004685A2L4 4,997,554.2814606 5,000,000.00 3.375MTN 10/01/2024 14,062.50 97.83 14,160.333.336010 4,997,456.45828807CS4 5,000,000.0014652 5,000,000.00 4.050MC3 05/25/2025 16,875.00 0.00 16,875.003.974010 5,000,000.0022553PWD7 5,000,000.0014655 5,000,000.00 5.000MC3 05/31/2032 22,916.66 0.00 22,916.665.397010 5,000,000.0022553PXJ3 462,413,000.00Subtotal 463,365,173.49 1.790 707,606.60-16,928.93724,535.53468,382,102.42 Fund: Fidelity MM - Regular
14265 0.003RRP 327,987.68 0.00 327,987.682.023040SYS14265

2.023 327,987.680.00327,987.68
462,413,000.00Total 463,365,173.49 1.858 1,035,594.28-16,928.931,052,523.21468,382,102.42

Pooled Investments Selected Funds
Interest Earnings
Exhibit 2-B.3
Sorted by Fund - Fund
September 1, 2022 - September 30, 2022
Yield on Beginning Book Value
Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted InterestAnnualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014648 5,000,000.00 3.000MC5 05/23/2025 12,500.00 0.00 12,500.003.042010 5,000,000.003130ARX71 15,000,000.0014613 15,000,000.00 0.750MC5 05/27/2026 9,375.00 0.00 9,375.000.760010 15,000,000.003130AMEX6 9,000,000.0014612 9,000,000.00 0.750MC5 04/29/2026 5,625.00 0.00 5,625.000.760010 9,000,000.003130ALZA5 15,000,000.0014615 15,000,000.00 0.650MC5 05/27/2026 8,125.00 0.00 8,125.000.659010 15,000,000.003130AMF72 15,000,000.0014616 15,000,000.00 1.150MC5 05/26/2026 14,375.00 0.00 14,375.001.166010 15,000,000.003130AMFQ0 10,000,000.0014620 10,000,000.00 0.500MC5 05/26/2026 4,166.67 0.00 4,166.670.507010 10,000,000.003130AMFN7 10,000,000.0014619 10,000,000.00 0.600MC5 05/26/2026 5,000.00 0.00 5,000.000.608010 10,000,000.003130AMGG1 20,000,000.0014618 20,000,000.00 0.700MC5 05/27/2026 11,666.66 0.00 11,666.660.710010 20,000,000.003130AMG22 10,000,000.0014642 10,000,000.00 0.750MC5 07/29/2026 6,250.00 0.00 6,250.000.760010 10,000,000.003130AN5U0 8,000,000.0014665 8,000,000.00 4.700MC4 09/29/2027 2,088.89 0.00 2,088.894.765010 0.003130ATH42 5,000,000.0014662 5,000,000.00 5.000MC5 09/30/2027 694.44 0.00 694.445.069010 0.003130ATDV6 5,000,000.0014649 5,000,000.00 3.000MC4 05/25/2023 12,500.00 0.00 12,500.003.042010 5,000,000.003130ARXL0 5,600,000.0014611 5,600,000.00 1.250MC5 04/29/2027 5,833.34 0.00 5,833.341.267010 5,600,000.003130AMAV4 5,000,000.0014651 5,000,000.00 4.000MC5 05/26/2027 16,666.66 0.00 16,666.664.056010 5,000,000.003130ARYA3 5,000,000.0014654 5,000,000.00 4.440MC5 05/26/2032 18,500.00 0.00 18,500.004.502010 5,000,000.003130AS7K9 4,993,686.5714661 5,000,000.00 3.875FAC 12/08/2023 8,611.11 236.57 8,847.684.042010 0.003130ATDK0 5,000,000.0014656 5,000,000.00 4.000MC5 06/30/2025 16,666.67 0.00 16,666.674.056010 5,000,000.003130ASGF0 10,000,000.0014622 10,000,000.00 0.750MC5 05/27/2027 6,250.00 0.00 6,250.000.760010 10,000,000.003130AMG55 10,000,000.0014617 10,000,000.00 0.625MC5 05/27/2026 5,208.34 0.00 5,208.340.634010 10,000,000.003130AMFT4 10,000,000.0014628 10,000,000.00 1.150MC5 06/03/2026 9,583.33 0.00 9,583.331.166010 10,000,000.003130AMN24 20,000,000.0014629 20,000,000.00 1.100MC5 06/03/2026 18,333.33 0.00 18,333.331.115010 20,000,000.003130AMN57 40,000,000.0014643 40,000,000.00 1.000MC5 08/26/2026 33,333.33 0.00 33,333.331.014010 40,000,000.003130ANJY7 4,250,000.0014634 4,250,000.00 1.050MC5 06/30/2026 3,718.75 0.00 3,718.751.065010 4,250,000.003130AMWM0 15,000,000.0014631 15,000,000.00 1.150MC5 06/08/2026 14,375.00 0.00 14,375.001.166010 15,000,000.003130AMPL0 20,000,000.0014630 20,000,000.00 1.200MC5 06/18/2026 20,000.00 0.00 20,000.001.217010 20,000,000.003130AMP71 10,000,000.0014632 10,000,000.00 0.875MC5 06/10/2026 7,291.67 0.00 7,291.670.887010 10,000,000.003130AMMW9 6,425,000.0014645 6,425,000.00 4.100MC5 04/26/2032 21,952.09 0.00 21,952.094.157010 6,425,000.003130ARTE1 10,000,000.0014624 10,000,000.00 0.700MC5 05/27/2026 5,833.33 0.00 5,833.330.710010 10,000,000.003130AMG22 10,000,000.0014627 10,000,000.00 0.750MC5 06/17/2026 6,250.00 0.00 6,250.000.760010 10,000,000.003130AMLS9 4,979,155.0014666 5,000,000.00 4.250FAC 09/30/2025 590.28 19.32 609.604.469010 0.003133ENP95 5,000,000.0014644 5,000,000.00 4.000MC5 04/19/2032 16,666.67 0.00 16,666.674.056010 5,000,000.003133ENUV0 5,000,000.0014647 5,000,000.00 3.630MC5 05/03/2027 15,125.00 0.00 15,125.003.680010 5,000,000.003133ENVV9

Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund
Exhibit 2-B.3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
September 1, 2022 - September 30, 2022
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Pooled Investment - Long Term
5,000,000.0014650 5,000,000.00 2.030FAC 05/02/2023 8,458.33 0.00 8,458.332.058010 5,000,000.003133ENVS6 4,980,522.2314664 5,000,000.00 3.750FAC 09/22/2025 4,687.50 163.68 4,851.183.950010 0.003133ENN22 4,994,695.8814653 5,000,000.00 4.370MC5 05/17/2032 18,208.34 45.91 18,254.254.447010 4,994,649.973133ENWW6 5,000,000.0014658 5,000,000.00 4.000MC5 12/30/2024 16,666.67 0.00 16,666.674.056010 5,000,000.003134GXC36 5,000,000.0014646 5,000,000.00 3.100MC5 04/29/2025 12,916.66 0.00 12,916.663.143010 5,000,000.003134GXRS5 5,000,000.0014657 5,000,000.00 4.100MC5 07/18/2025 17,083.33 0.00 17,083.334.157010 5,000,000.003134GXC28 4,977,676.4614536 5,000,000.00 2.400MTN 05/03/2023 10,000.00 3,159.00 13,159.003.218010 4,974,517.46037833AK6 250,000.0014539 250,000.00 3.300SCD 07/05/2023 678.08 0.00 678.083.300010 250,000.00254673RD0 250,000.0014540 250,000.00 3.300SCD 07/03/2023 678.09 0.00 678.093.300010 250,000.00795450T47 4,997,489.7114542 5,000,000.00 3.000MTN 02/11/2023 12,500.00 579.30 13,079.303.185010 4,996,910.41084670BJ6 10,000,000.0014638 10,000,000.00 0.300MC5 07/20/2026 2,500.00 0.00 2,500.000.304010 10,000,000.0031422XJW3

0.0014545 0.00 2.400MTN 09/15/2022 4,666.67 1,144.66 5,811.333.031010 4,998,855.34589331AT4 5,008,137.6014548 5,000,000.00 3.625MTN 07/15/2023 15,104.17 -859.61 14,244.563.460010 5,008,997.2168389XAS4 5,016,524.5014554 5,000,000.00 3.650MTN 10/12/2023 15,208.33 -1,336.22 13,872.113.364010 5,017,860.7224422EUM9 4,977,798.0214663 5,000,000.00 4.150MTN 09/15/2027 8,645.83 186.68 8,832.514.318010 0.0024422EWK1 4,979,147.2914555 5,000,000.00 2.625MTN 05/15/2023 10,937.50 2,792.77 13,730.273.357010 4,976,354.52540424AQ1 5,007,682.4214557 5,000,000.00 3.500MC3 01/23/2024 14,583.34 -488.29 14,095.053.424010 5,008,170.71693475AV7 5,036,700.4014559 5,000,000.00 3.375MUN 04/01/2025 14,062.50 -1,223.35 12,839.153.101010 5,037,923.7513063DGB8 5,040,302.6014561 5,000,000.00 3.750MC3 12/06/2023 15,625.00 -2,844.89 12,780.113.083010 5,043,147.4905531FBF9 5,132,286.1614562 5,000,000.00 3.950MC3 11/17/2025 16,458.33 -3,524.50 12,933.833.064010 5,135,810.6691159HHU7 5,035,583.9314563 5,000,000.00 3.375MTN 08/15/2025 14,062.50 -1,032.42 13,030.083.148010 5,036,616.3520030NBN0 4,988,687.1514564 5,000,000.00 2.900MTN 05/20/2024 12,083.33 576.20 12,659.533.088010 4,988,110.95747525AT0 6,167,935.5214587 5,963,000.00 3.250MTN 05/20/2027 16,149.79 -3,683.69 12,466.102.458010 6,171,619.21747525AU7 5,084,498.2214566 5,000,000.00 3.750MC3 09/15/2025 15,625.00 -2,382.47 13,242.533.167010 5,086,880.69751212AC5 5,081,345.5214570 5,000,000.00 3.650MTN 03/01/2026 15,208.33 -1,984.03 13,224.303.165010 5,083,329.55375558BF9 3,788,535.7014574 3,725,000.00 3.450MTN 01/06/2027 10,709.38 -1,241.74 9,467.643.039010 3,789,777.44233851CU6 5,048,852.3914571 5,000,000.00 3.450MTN 01/06/2027 14,375.00 -954.77 13,420.233.233010 5,049,807.16233851CU6 1,025,317.7614582 1,000,000.00 4.250MTN 02/15/2024 3,541.67 -1,537.52 2,004.152.375010 1,026,855.28008252AM0 5,268,892.7014588 5,000,000.00 3.800MTN 10/30/2026 15,833.33 -5,491.34 10,341.992.386010 5,274,384.0407330MAA5 4,921,090.5714602 5,000,000.00 2.500MTN 01/14/2025 10,416.67 2,876.41 13,293.083.288010 4,918,214.1604685A2L4 5,972,988.1714590 5,950,000.00 2.500MTN 01/14/2025 12,395.83 -837.97 11,557.862.354010 5,973,826.1404685A2L4 4,997,652.1114606 5,000,000.00 3.375MTN 10/01/2024 14,062.50 97.83 14,160.333.447010 4,997,554.28828807CS4 5,000,000.0014652 5,000,000.00 4.050MC3 05/25/2025 16,875.00 0.00 16,875.004.106010 5,000,000.0022553PWD7 5,000,000.0014655 5,000,000.00 5.000MC3 05/31/2032 20,833.34 0.00 20,833.345.069010 5,000,000.0022553PXJ3 4,850,870.9514659 5,000,000.00 3.000MTN 08/07/2025 7,083.33 2,470.95 9,554.284.231010 0.0088579YAR2 4,813,065.5214660 5,000,000.00 3.500MTN 08/15/2027 7,777.78 1,705.22 9,483.004.496010 0.0030303M8B1 500,413,000.00Subtotal 500,942,121.05 1.944 756,488.70-13,368.31769,857.01463,365,173.49

Maturity
Date
Current
Rate
Ending
Par Value
EndingSecurity
TypeFund
Exhibit 2-B.3
Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
September 1, 2022 - September 30, 2022
Interest Earnings
Pooled Investments Selected Funds
Annualized
YieldCUSIP Investment #
Interest
Earned
Fund: Fidelity MM - Regular
14265 0.003RRP 351,994.08 0.00 351,994.082.300040SYS14265

2.300 351,994.080.00351,994.08
500,413,000.00Total 500,942,121.05 2.044 1,108,482.78-13,368.311,121,851.09463,365,173.49

Exhibit 2-C
Certificates of Deposit - S & L
$497,558 0.08%
Medium Term Notes
$116,790,593 19.60%
Federal Agency
$340,282,676 57.10%
Municipal Bonds
$4,861,900 0.82%
Cash In Bank/MMkt Account
$133,487,711 22.40%
Pooled Cash and Investments
(Market Value)
as of September 30, 2022

Exhibit 2-D
$133,487,711
$497,558
$116,790,593
$340,282,676
$4,861,900
$595,920,437
$178,776,131
$178,776,131
$595,920,437
$595,920,437
CASH IN BANK/MMkt Acct

CERTIFICATES OF DEPOSITS

MEDIUM TERM NOTES

FEDERAL AGENCY BONDS

MUNICIPAL BONDS
City of Berkeley
Current Holdings vs. Policy Limits
as of September 30, 2022
Policy Limits
Current Holdings

Exhibit 2-E
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000 Investment Values
Pooled and Trust
Cash and Investment Portfolio Trend
as of September 30, 2022

Attachment 3
Pooled Cash
Investments Gain/Loss on & Investments
Pooled Cash (Book Value) Investments (Market Value)
Retiree Medical Trust Fund
Fund No.
721 BHA 442,280$ 202,204$ (34,561)$ 609,923$ 722 M1=IBEW (35,507) 96,986 (9,869) 51,610 723 M2=Local 1 6,604,259 4,454,542 (545,823) 10,512,978 724 MUI=Z1 1,011,747 912,225 (71,696) 1,852,276 725 MUI=Z2 to Z6 1,538,454 1,264,839 (123,911) 2,679,382 726 M535= Local 535 5,864,273 4,097,245 (380,451) 9,581,067 727 M3=Local 790 3,813,202 2,760,831 (368,757) 6,205,276 Total Retiree Medical Trust Fund 19,238,708 13,788,872 (1,535,068) 31,492,512 Fire Medical Trust Fund
736 Fire Medical Trust Fund 6,051,321 6,849,339 (807,507) 12,093,153 Total Fire Medical Trust Fund 6,051,321 6,849,339 (807,507) 12,093,153 Police Medical Trust Fund
731 Police EE Retiree HLT Assistance Plan 881,361 1,641,022 (220,430) 2,301,953 701 Safety Members Pension Fund 53,612 53,612 706 Police Medical Trust Fund 1,929,498 2,850,104 (335,597) 4,444,005 Total Police Medical Trust Fund 2,864,471 4,491,126 (556,027) 6,799,570 Total Trust Funds 28,154,500$ 25,129,337$ (2,898,602)$ 50,385,235$ Summary of Pooled Cash and Investments - Trust Funds
(Market Value)
As of September 30, 2022

Exhibit 3-A
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Federal Agency Coupon Securities
3133EFQT7 14361 Fed Farm Credit Bank 2,600,000.00 2,606,184.86 2,605,730.09 2,475,122.00 11/25/2025 AAA 2.700 2.602 17,550.00 (454.77) 17,095.23 Municipal Bonds
786091AG3 14316 SACGEN 5,000,000.00 5,166,609.25 5,153,100.39 5,246,650.00 08/01/2025 A3 7.250 5.922 90,625.00 (13,508.86) 77,116.14 Savo Island Loan
SYS10988 10988 EMPMED 193,000.00 193,000.00 150,000.00 150,000.00 09/01/2025 N/A 8.000 7.397 3,598.44 - 3,598.44 Preferred Securities
00206R706 14591 AT&T Inc. 1,680,033.60 1,680,033.60 1,680,033.60 1,252,025.05 N/A N/A 4.596 4.672 29,672.61 - 29,672.61 00206R706 14596 AT&T Inc. 1,680,008.40 1,680,008.40 1,680,008.40 1,252,006.27 N/A N/A 4.640 4.670 19,773.56 - 19,773.56 00206R706 14597 AT&T Inc. 2,520,000.00 2,520,000.00 2,520,000.00 1,878,000.01 N/A N/A 4.643 4.623 19,577.79 - 19,577.79 Total 13,673,042.00$ 13,845,836.11$ 13,788,872.48$ 12,253,803.33$ 4.780 180,797.40$ (13,963.63)$ 166,833.77$ Total Investments (Book Value) 13,788,872.48$
Gain/Loss on Investments (1,535,069.15)
Total Investments (Market Value) 12,253,803.33
Temporarily Invested with Pooled Cash & Investments 19,238,708.00 Total Pooled Cash and Investments 31,492,511.33$
Adjusted Interest Earnings
Retiree Medical Trust Fund
Fund 721 - 727
Investments
As of September 30, 2022
Interest Earnings
July 1 to September 30, 2022
July 1 to September 30, 2022
Interest Earnings

Exhibit 3-B
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Medium Term Notes
6174467X1 14318 Morgan Stanley DW DTC#0015 2,000,000.00 2,026,225.58 2,024,295.65 1,974,320.00 11/24/2025 BAA1 5.000 4.517 25,000.00 (1,929.93) 23,070.07 Federal Agency Coupon Securities
3133EFQT7 14362 Fed Farm Credit Bank 2,300,000.00 2,305,471.23 2,305,068.93 2,189,531.00 11/25/2025 AAA 2.700 2.602 15,525.00 (402.30) 15,122.70 Preferred Securities
00206R706 14592 AT&T Inc. 1,679,983.20 1,679,983.20 1,679,983.20 1,251,987.49 N/A N/A 4.596 4.641 19,652.86 - 19,652.86 00206R706 14594 AT&T Inc. 839,991.60 839,991.60 839,991.60 625,993.74 N/A N/A 4.640 4.670 9,886.63 - 9,886.63 Total 6,819,974.80$ 6,851,671.61$ 6,849,339.38$ 6,041,832.23$ 3.922 70,064.49$ (2,332.23)$ 67,732.26$ Total Investments (Book Value) 6,849,339.38$
Gain/Loss on Investments (807,507.15)
Total Investments (Market Value) 6,041,832.23
Temporarily Invested with Pooled Cash & Investments 6,051,321.00 Total Pooled Cash and Investments 12,093,153.23$
Fire Retiree Medical
Fund 736
Adjusted Interest Earnings
July 1 to September 30, 2022As of September 30, 2022
Investments Interest Earnings
Interest Earnings
July 1 to September 30, 2022

Exhibit 3-C
CUSIP Investment # Issuer Par Value
Beginning Book
Value
Ending Book
Value Market Value Maturity Date
Moody's
Rating
Current
Rate
Annualized
Yield Interest Earned
Amortization/
Accretion
Adjusted Interest
Earnings
Medium Term Notes
6174467X1 14319 Morgan Stanley DW DTC#0015 500,000.00 506,073.91 493,580.00 11/24/25 BAA1 5.000 4.517 6,250.00 (482.48) 5,767.52 Federal Agency Coupon Securities
3133EFQT7 14363 Fed. Farm Credit Banks 2,300,000.00 2,305,068.93 2,189,531.00 11/25/25 AAA 2.700 2.602 15,525.00 (402.30) 15,122.70 Preferred Securities
00206R706 14593 AT&T Inc. 1,679,983.20 1,679,983.20 1,679,983.20 1,251,987.49 N/A N/A 4.596 4.641 19,652.86 - 19,652.86 Total 4,479,983.20$ 1,679,983.20$ 4,491,126.04$ 3,935,098.49$ 3.581 41,427.86$ (884.78)$ 40,543.08$ Total Investments (Book Value) 4,491,126.04$
Gain/Loss on Investments (556,027.55)
Total Investments (Market Value) 3,935,098.49
Temporarily Invested with Pooled Cash & Investments 2,864,471.00 Total Pooled Cash and Investments 6,799,569.49$
Police Retiree Medical
Fund 731 and 706
Adjusted Interest Earnings
Investments Interest Earnings
As of September 30, 2022 July 1 to September 30, 2022
Interest Earnings
July 1 to September 30, 2022

Communications

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2180 Milvia Street
Berkeley, CA 94704
(510) 981-6900

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https://records.cityofberkeley.info/

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