Clovis City Council
October 14, 2024

October 14, 2024 - 1 - 1:14 PM A G E N D A • C I T Y C O U N C I L M E E T I N G

October 14, 2024 6:00 PM Council Chamber

In compliance with the Americans with Disabilities Act, if you need special assistance to access the City Council Chamber to participate at this meeting, please contact the City Clerk or General Services Director at (559) 324 -2060 (TTY – 711). Notificatio n 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to the Council Chamber.

The Clovis City Council meetings are open to the public at the physical address listed above. There are numerous ways to participate in the City Council meetings: you are able to attend in person; you may submit written comments as described below; and you may view the meeting which is webcast and accessed at www.cityofclovis.com/agendas.

Written Comments

 Members of the public are encouraged to submit written comments at:
www.cityofclovis.com/agendas at least two (2) hours before the meeting (4:00 p.m.). You will be prompted to provide:

 Council Meeting Date
 Item Number
 Name
 Email
 Comment

 Please submit a separate form for each item you are commenting on.

 A copy of your written comment will be provided to the City Council noting the item number.

If you wish to make a verbal comment, please see instructions below.

 Please be aware that any written comments received that do not specify a particular agenda item will be marked for the general public comment portion of the agenda.

 If a written comment is received after 4:00 p.m. on the day of the meeting, efforts will be made to provide the comment to the City Council during the meeting. However, staff cannot guarantee that written comments received after 4:00 p.m. will be provided to City Council during the meeting. All written comments received prior to the end of the meeting will be made part of the record of proceedings.

Council Chamber, 1033 Fifth Street, Clovis, CA 93612 (559) 324-2060 www.cityofclovis.com
1 October 14, 2024 - 2 - 1:14 PM CAMPAIGN CONTRIBUTION PROHIBITIONS AND MANDATORY DISCLOSURE - Pursuant to Government Code section 84308, a Councilmember shall not accept, solicit, or direct a campaign contribution of more than $250 from any party or their agent, or from any participant or their agent, while a proceeding involving a license, permit, contract, or other entitlement for use is pending before the City or for 12 months after a final decision is rendered in that proceeding. Any Councilmember who has received a campaign contribution of more than $250 within the preceding 12 months from a party or their agent, or from a participant or their agent, must disclose that fact on the record of the proceeding and shall not make, participate in making, or in any way attempt to use their official position to influence the decision.

Pursuant to Government Code section 84308(e), any party to a covered proceeding before the City Council is required to disclose on the record of the proceeding any campaign contribution, including aggregated contributions, of more than $250 made within the preceding 12 mont hs by the party or their agent to any Councilmember. The disclosure shall be made as required by Government Code Section 84308(e)(1) and 2 CCR Section 18438.8. No party or their agent, and no participant or their agent, shall make a campaign contribution o f more than $250 to any Councilmember during the covered proceeding or for 12 months after a final decision is made in that proceeding. The foregoing statements do not constitute legal advice, and parties and participants are urged to consult with their own legal counsel regarding the applicable requirements of the law.

CALL TO ORDER
FLAG SALUTE - Councilmember Bessinger

ROLL CALL
PUBLIC COMMENTS - This is an opportunity for the members of the public to address the City Council on any matter within the City Council’s jurisdiction that is not listed on the Agenda. In order for everyone to be heard, please limit your comments to 3 minutes or less, or 10 minutes per topic. Anyone wishing to be placed on the Agenda for a specific topic should contact the Cit y Manager’s office and submit correspondence at least 10 days before the desired date of appearance.

CONSENT CALENDAR - Items considered routine in nature are to be placed upon the Consent Calendar. They will all be considered and voted upon in one vote a s one item unless a Councilmember requests individual consideration. A Councilmember’s vote in favor of the Consent Calendar is considered and recorded as a separate affirmative vote in favor of each action listed. Motions in favor of adoption of the Con sent Calendar are deemed to include a motion to waive the reading of any ordinance or resolution on the Consent Calendar. For adoption of ordinances, only those that have received a unanimous vote upon introduction are considered Consent items.

1. Administration - Approval - Minutes for the Regular and Special October 7, 2024, Council Meeting.

2. Finance – Receive and File – Investment Report for the Month of June 2024.

3. Finance – Receive and File – Treasurer’s Report for the Month of June 2024.

2 October 14, 2024 - 3 - 1:14 PM

4. Finance - Approval - Res. 24-___, A Resolution of Intention (ROI) to Annex Territory (Annexation #74) (T6205 – Northeast Corner Sunnyside/Shepherd, T6343 – Southwest Corner Behymer/Sunnyside), to the Community Facilities District (CFD) 2004-1 and to Authorize the Levy of Special Taxes Therein and S etting the Public Hearing for November 18, 2024.

COUNCIL ITEMS

5. Consider Approval – Confirmation of City Manager’s Appointment of General Services Director.

Staff: John Holt, City Manager
Recommendation: Approve

6. Consider Approval – Change of Council Meeting Schedule.

Staff: John Holt, City Manager
Recommendation: Approve

CITY MANAGER COMMENTS

COUNCIL COMMENTS

ADJOURNMENT

FUTURE MEETINGS
Regular City Council Meetings are held at 6:00 P.M. in the Council Chamber. The following are future meeting dates:

Oct. 21, 2024 (Mon.) (To be Cancelled)
Nov. 4, 2024 (Mon.)
Nov. 12, 2024 (Tue.)
Nov. 18, 2024 (Mon.)

3 PRELIMINARY - SUBJECT TO APPROVAL

CLOVIS CITY COUNCIL CLOSED SESSION ONLY SPECIAL MEETING

October 7, 2024 3:30 P.M. Council Chamber

Meeting called to order by Mayor Ashbeck at 3:30 p.m.

Flag Salute led by Councilmember Pearce

Roll Call: Present: Councilmembers, Basgall, Bessinger, Mouanoutoua, Pearce Mayor Ashbeck

CLOSED SESSION – 3:31 p.m.

ITEM 1 - GOVERNMENT CODE SECT ION 54957 PUBLIC EMPLOYEE APP OINTMENT / EMPLOYMENT TITLE: CITY MANAGER

Upon call, there was no public comment.

RECONVENE INTO OPEN SESSION AND REPORT FROM CLOSED SESSION – 5:30 p.m.

No action taken.

ADJOURNMENT

Mayor Ashbeck adjourned the special meeting of the Council to October 14, 2024

Meeting adjourned: 5:30 p.m.

______________________________ ________________________________ Mayor City Clerk
4 AGENDA ITEM NO. 1.

PRELIMINARY - SUBJECT TO APPROVAL

CLOVIS CITY COUNCIL MEETING

October 7, 2024 6:00 P.M. Council Chamber

Meeting called to order by Mayor Ashbeck at 6:04
Flag Salute led by Councilmember Basgall

Roll Call: Present: Councilmembers, Basgall, Bessinger, Mouanoutoua, Pearce Mayor Ashbeck

PRESENTATION – 6:04

6:04 – ITEM 1 - PRESENTATION OF PROC LAMATION DECLARING O CTOBER 2024 AS DOMESTIC VIOLENCE AWARENESS MONTH.

PUBLIC COMMENTS – 6:27

Jordan Hunter, Clovis Police Officers Association President, spoke in support of Measure Y.

Don Watnick with Centerstage Clovis Theater invited the Council to see Joseph and the Amazing Technicolor Dreamcoat, October 5-19, 2024.

Rosy Watkins, resident, addressed concerns with constant water in her gutters.

Neal Steller, resident, spoke regarding the U.S. Constitution to promote civic engagement and protect liberty.

Eric Rollins with Team America invited the Council to The Great American Freedom Revival , October 19, 2024, at the Clovis Veterans Memorial District.

Dy Hin, resident, addressed concerns related to issues to illegal sewer connection on his property.

Dr. Monica Chahal, interim President for Clovis Community College, invited the Council to Applied Technology Building Ribbon Cutting Ceremony on October 9, 2024.

CONSENT CALENDAR – 6:57

Upon call, there was no public comment.

Motion by Councilmember Bessinger, seconded by Councilmember Pearce, that the items on the Consent Calendar be appro ved, including the waiver of the reading of the ordinance. Motion carried by unanimous vote.

5 AGENDA ITEM NO. 1.

PRELIMINARY - SUBJECT TO APPROVAL

2. Administration - Approved - Minutes for the September 16, 2024, Council Meeting.

3. Administration - Approved – Request from Our Lady of Perpetual Help Catholic Church for closure of a portion of Eighth Street to hold a small special event on October 13, 2024.

4. General Services – Approved – Waive Formal Bidding or Proposal Requirements and Authorize 60-month Leases of Copiers through Cooperative Purchase Contract between OMNIA Partners, Kyocera and Image 2000 for an Estimated Annual Cost of $20,253.84.

5. General Services – Approved – Res. 24-107, Amending the City’s FY 2024-2025 Position Allocation Plan by adding one (1) Construction Manager position within the Public Utilities Department.

6. Planning and Development Services – Approved – Final Acceptance for CIP 23 -11 Alley Improvements.

7. Planning and Development Services – Approved – Final Acceptance for Fi nal Map Tract 6168, located at the northwest corner of Gettysburg and Leonard Avenues (Wilson Premier Homes, Inc.).

8. Planning and Development Services – Approved – Res. 24-108, Final Map Tract 6203 located on Thompson Avenue between Ashlan and Dakota Avenue (KB Home South Bay, Inc., a California corporation).

9. Planning and Development Services - Approved – Res. 24-109, Annexation of Proposed Tract 6203 located on Thompson Avenue between Ashlan and Dakota Avenue to the Landscape Maintenance District No. 1 of the City of Clovis. (KB Home South Bay, Inc., a California corporation).

COUNCIL ITEMS – 6:18

6:18 ITEM 10 - APPROVED – APPOINTMENTS OF CITY OF CLOVIS YOUTH COMMISSION.

Upon call, there was no public comment.

Mayor Pro Tem Mouanoutoua abstained from the vote because his daughter was recommended for appointment as a youth commissioner.

Motion for approval by Councilmember Bessinger, seconded by Councilmember Pearce.

Motion carried by 4-0-0-1, with Mayor Pro Tem Mouanoutoua abstaining.

ADMINISTRATIVE ITEMS – 6:57

6:57 ITEM 11 - APPROVED - RES. 24-110, A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF CLOVIS DECLA RING ITS INTENT TO I NITIATE A TRANSITION FROM AT - LARGE TO DISTRICT -BASED ELECTIONS COMMEN CING WITH THE 2026 C ITY COUNCIL ELECTION.

Eric Rollins, resident, spoke in opposition to the resolution to initiate and suggested that the Council pursue litigation instead of approving the resolution of intent.

Don Watnick, resident, spoke in opposition to the resolution to initiate and urged the Council to fight against the change.
6 AGENDA ITEM NO. 1.

PRELIMINARY - SUBJECT TO APPROVAL

Neal Steller, resident, spoke in opposition to the resolution to initiate and suggested that the Council reach out to the state to address the issue, with corrections anticipated by January 2025.

Jenny Krens, resident, expressed concerns about legal fees and questioned how Clovis could remain responsive and uphold the "Clovis Way of Life" under a district-based system.

Councilmember Pearce opposed Mr. Shankman’s assertion that the City of Clovis lacks Latino representation and argued that the lawsuit is forcing the city to adopt district -based elections and disregards Clovis’ inclusive history, and puts the city in a difficult financial position, making it impractical to fight in court despite strong reservations.

Councilmember Bessinger emphasized the benefit of Clovis' at -large election system, where residents have access to all five councilmembers rather than just one, ensuring that all parts of the city are represented. However, he acknowledged the legal and fin ancial realities, and expressed frustration that the city cannot afford to fight a losing battle in court and therefore must adapt to district-based elections.

Councilmember Basgall stressed the responsibility of current and future elected officials to continue representing all residents of Clovis and pledge to uphold the "Clovis way of life," ensuring the city remains successful and united, regardless of district boundaries.

Mayor Pro Tem Mouanoutoua questioned the attorney for being more interested in financial gain than truly caring about minority representation and argued that Clovis residents, regardless of ethnicity, are capable of electing leaders based on shared values, not just racial or ethnic identity.

Mayor Ashbeck addressed the financial burden of potentially spending millions in a lawsuit the city is likely to lose, finding it insulting and impractical, given the city’s long record of serving the community well through its current system.

Motion for approval by Councilmember Bessinger, seconded by Councilmember Basgall.

Motion carried by 4-1-0-0, with Mayor Pro Tem Mouanoutoua voting no.

CITY MANAGER COMMENTS – 7:41

COUNCIL COMMENTS – 7:42

CLOSED SESSION – 7:51

7:51 ITEM 12 - GOVERNMENT CODE SECTION 54956.9(D)(2) CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION SIGNIFI CANT EXPOSURE TO LIT IGATION ONE

POTENTIAL CASE
7 AGENDA ITEM NO. 1.

PRELIMINARY - SUBJECT TO APPROVAL

RECONVENE INTO OPEN SESSION AND REPORT FROM CLOSED SESSION – 8:15 On a motion by Councilmember Bessinger, seconded by Councilmember Basgall, and approved 5-0, the City Council approved an Extension Agreement with the Southwest Voter Registration Education Project and its counsel, Kevin Shenkman, which provides a ninety ( 90) day extension of the deadline for the City to complete the map approval process and adopt an ordinance to complete the transition from at-large voting to district based voting for city council elections.

ADJOURNMENT

Mayor Ashbeck adjourned the meeting of the Council to October 14, 2024

Meeting adjourned: 8:15 p.m.

______________________________ ________________________________ Mayor City Clerk
8 AGENDA ITEM NO. 1.

TO: Mayor and City Council
FROM: Finance Department
DATE: October 14, 2024
SUBJECT: Finance – Receive and File – Investment Report for the Month of June 2024.

ATTACHMENTS: 1. Distribution of Investments

2. Monthly Investment Transactions

3. Certificates of Deposit

4. Municipal Securities

5. Corporate Securities

6. Graph of June 30, 2024 Treasury Rates

EXECUTIVE SUMMARY
Attached is the Investment Report for the month of June 2024. Shown in Attachment 1 is the distribution of investments which lists all the individual securities owned by the City with the book and market values. Book value is the actual price paid for the investment. Market value is the amount that the investment is worth if sold in the open market. The market value (which fluctuates daily) that is used in the report is as of the last working day of the month. Attachment 2 reflects the monthly investment transactions for the month of June 2024. Attachment 3 lists the certificates of deposit. Attachment 4 lists the municipal securities. Attachment 5 lists the corporate securities. Attachment 6 is a graph of Treasury rates on June 30, 2024.

The investment of the City’s funds is performed in accordance with the adopted Investment Policy. Funds are invested with the following objectives in mind:

1. Assets are invested in adherence with the safeguards and diversity of a prudent investor.

2. The portfolio is invested in a manner consistent with the primary emphasis on preservation of the principal, while attaining a high rate of return consistent with this guideline. Trading of securities for the sole purpose of realizing trading profits is prohibited.

3. Sufficient liquidity is maintained to provide a source for anticipated financial obligations as they become due.
9 AGENDA ITEM NO. 2.

4. Investments may be made, consistent with the Investment Policy Guidelines, in fixed income securities maturing in three years or less and can be extended to five years with the City Manager’s approval.

The Finance Department invests the City’s assets with an expectation of achieving a total rate of return at a level that exceeds the annualized rate of return on short -term governmen t guaranteed or insured obligations (90 -day Treasury bills) and to assure that the principal is preserved with minimal risk of depreciation or loss. In periods of rising interest rates, the City of Clovis portfolio return may be less than that of the annu alized 90-day Treasury bill. In periods of decreasing interest rates, the City of Clovis portfolio return may be greater than the annualized 90-day Treasury bill. The current 90 -day Treasury bill rate (annualized) is 5.41%. The rate of return for the City of Clovis portfolio is 3.71%. The goal for the City of Clovis investment return is 120% of the 90 -day Treasury bill rate. The current rate of return is 6 9% of the Treasury bill rate.

The Finance Department began investing in corporate securities in F ebruary to provide additional diversification and yield to the portfolio. 3 corporate securities totaling $6,000,000 were purchased this month at an aggregate yield of 4.65%, which is roughly 32 basis points higher than current yields on 5-year Treasury bonds.

In accordance with the Investment Policy, the investment period on each investment is up to three years and can be extended to five years with the City Manager’s approval. As of June 2024, the average investment life of the City’s investment portfolio is 1.95 years.

Current Investment Environment and Philosophy

During the month of June 2024, the federal funds rate remained at 5.25% -5.50%. On June 30, 2024, the Treasury yield curve decreased from 3-month to 10-year notes.

Certificates of Deposit (CD’s)

The City purchases both negotiable and non-negotiable Certificates of Deposit (CD’s). Although negotiable CD’s can be traded, it is the City’s policy to buy and hold all CD’s. Negotiable CD’s are held by U.S. Bank, a third party custodian. Non-negotiable CD’s are held in the City’s safe.

Purchases and Maturities

• 0 government securities were purchased.
• 2 government securities totaling $6,000,000 matured.
• 3 certificates of deposit totaling $750,000 were purchased. • 2 certificates of deposit totaling $500,000 matured.
• 0 municipal securities were purchased.
• 0 municipal securities were called or matured.
• 3 corporate securities totaling $6,000,000 were purchased. • 0 corporate securities were called or matured.

10 AGENDA ITEM NO. 2.

Market Environment

• During June the federal funds rate remained at 5.25%-5.50%. • On June 30, the yield curve decreased from 3-month to 10-year notes. See Attachment 6, Graph of Treasury Rates on June 30, 2024.

CONFLICT OF INTEREST
None.

Prepared by: Jeffrey Blanks, Deputy Finance Director

Reviewed by: City Manager AH

11 AGENDA ITEM NO. 2.

STATED

DAYS TO

MATURITY

NET BOOK MARKET YIELD TO INTEREST INVEST MATURIT Y FROM COST VALUE VALUE * MATURIT Y RATE DATE DATE 6/30/2024

GOV'T SECURITIES
FHLB 4,969,000 4,995,847 4,913,850 1.274% 1.050% 01/20/22 11/15/24 138 FHLB 1,595,506 1,702,061 1,693,169 4.515% 0.500% 11/16/22 12/30/24 183 FNMA 1,857,400 1,951,589 1,938,320 4.415% 0.500% 03/23/23 02/24/25 239 FNMA 930,300 976,273 968,690 4.338% 0.520% 03/23/23 02/25/25 240 FHLB 932,200 976,793 969,840 4.328% 0.625% 03/23/23 02/27/25 242 FHLB 3,980,000 3,995,566 3,906,000 1.922% 1.750% 02/28/22 02/28/25 243 FHLB 4,000,000 4,000,000 3,921,640 2.750% 2.750% 04/25/22 04/25/25 299 FAMCMTN 3,947,600 3,984,399 3,826,280 1.121% 0.750% 12/16/21 07/28/25 393 FHLB 5,000,000 5,000,000 4,930,300 3.600% 3.600% 08/30/22 08/28/25 424 FAMCMTN 4,948,500 4,984,279 4,752,600 0.869% 0.600% 10/14/21 09/08/25 435 FHLB 871,150 907,196 891,680 3.886% 0.500% 04/26/23 11/25/25 513 FHLB 4,963,000 4,986,477 4,657,150 0.750% 0.580% 09/08/21 02/11/26 591 FHLB 3,922,000 3,969,228 3,733,640 1.229% 0.750% 12/16/21 02/24/26 604 FHLB 2,751,000 2,849,879 2,798,280 3.916% 0.790% 05/17/23 03/16/26 624 FFCB 4,967,500 4,985,276 4,590,500 1.075% 0.940% 10/14/21 09/28/26 820 FHLB 3,649,200 3,811,517 3,678,280 3.342% 1.150% 06/29/22 10/28/26 850 FHLB 5,988,000 5,994,237 5,521,260 1.291% 1.250% 11/24/21 11/24/26 877 FHLB 5,127,757 5,063,951 4,710,500 1.580% 2.125% 01/20/22 12/11/26 894 FHLB 4,043,250 4,239,805 4,082,134 3.397% 1.020% 06/29/22 02/24/27 969 FHLB 4,550,000 4,736,047 4,559,921 3.173% 1.020% 08/17/22 02/24/27 969 FHLB 3,695,200 3,834,935 3,779,327 2.564% 0.900% 03/31/22 02/26/27 971 FHLB 6,072,400 5,289,315 5,212,618 3.737% 0.900% 01/19/23 02/26/27 971 FHLB 5,247,000 6,328,687 6,236,919 4.329% 0.900% 02/16/23 02/26/27 971 FHLB 5,050,770 5,502,949 5,168,076 3.971% 1.000% 12/14/22 02/26/27 971 FHLB 4,000,000 4,000,000 3,766,320 2.375% 2.375% 03/08/22 03/08/27 981 FFCB 5,160,000 5,377,363 5,242,620 3.996% 0.830% 03/23/23 02/22/28 1,332 FHLB 355,160 360,066 352,436 4.123% 1.125% 01/18/24 02/25/28 1,335 FFCB 2,123,750 2,188,163 2,196,400 4.812% 1.000% 09/27/23 03/02/28 1,341 FHLB 1,893,209 1,949,320 1,965,789 5.018% 1.000% 10/18/23 03/10/28 1,349 FHLB 3,124,500 3,095,427 2,996,310 3.553% 4.500% 05/17/23 03/10/28 1,349 FFCB 626,780 634,654 622,587 4.121% 1.370% 01/18/04 03/22/28 1,361 FFCB 6,102,000 6,077,925 5,875,620 3.501% 3.875% 04/26/23 04/25/28 1,395 FFCB 5,354,250 5,385,611 5,313,220 4.349% 3.740% 06/14/23 04/27/28 1,397 FFCB 2,955,000 2,963,816 2,954,280 4.814% 4.470% 07/12/23 06/22/28 1,453 FFCB 2,641,500 2,683,006 2,634,450 4.130% 1.230% 12/20/23 07/13/28 1,474 FHLMC 853,500 872,965 872,300 4.601% 1.100% 11/15/23 07/27/28 1,488 FNMA 848,800 868,878 868,550 4.613% 1.000% 11/15/23 07/28/28 1,489 FHLB 882,500 895,927 874,390 4.117% 1.300% 12/20/23 08/04/28 1,496 FHLB 2,981,700 2,984,322 3,040,680 4.892% 4.750% 10/18/23 09/08/28 1,531 FHLMC 842,300 862,276 862,100 4.614% 1.000% 11/15/23 10/19/28 1,572 SECURITIES TOTAL 133,803,681$ 136,266,024 $ 131,879,026 $ LAIF 57,312,667$ 57,312,667 $
Municipal Issuance 57,393,714$ 55,984,820 $
Corporate Securities 29,748,493$ 29,596,620 $
Sweep Account (Union Bank) 31,626,776$ 31,626,776 $ TOTAL CD'S 32,250,000$ 31,974,833 $
TOTAL INVESTMENTS 344,597,674$ 338,374,742 $
* Market values for securities obtained from US Bank.

City of Clovis
Distribution of Investments
As of June 30, 2024
ATTACHMENT 1
12 AGENDA ITEM NO. 2.

Activity Maturity
Institution Description Activit y Amount Market Value Rate Date Date Caterpillar Finl Corp Purchase 2,000,000 2,020,000 4.850% 06/21/24 02/27/29 Glaxosmithkline Capital Corp Purchase 2,000,000 1,890,000 3.375% 06/21/24 06/01/29 John Deere Capital Corp Purchase 2,000,000 2,013,000 4.850% 06/21/24 06/11/29 Gilmer Natl Bk CD Purchase 250,000 250,000 4.750% 06/07/24 06/07/27 First Fndtn Bk CD Purchase 250,000 250,000 4.900% 06/13/24 06/14/27 Empower Fed Cr Un CD Purchase 250,000 250,000 4.900% 06/26/24 06/28/27 FHLB Gov. Sec. Maturity 5,000,000 5,000,000 0.300% 06/07/24 06/07/24 FHLB Gov. Sec. Maturity 1,000,000 991,539 0.700% 06/24/24 06/24/24 Greenstate Cr Un CD Maturity 250,000 250,000 0.450% 06/17/24 06/17/24 Eaglemark Bank CD Maturity 250,000 250,000 0.400% 06/28/24 06/28/24

PORTFOLIO DATA
Current Month (06/24)
Book Market
CD'S 32,250,000 $ 31,974,833 $
Gov't Securities* 136,266,024 131,879,026
Municipal Securities 57,393,714 55,984,820
Corporate Securities 29,748,493 29,596,620
LAIF 57,312,667 57,312,667
Sweep Account (Union Bank) 31,626,776 31,626,776
TOTAL 344,597,674 $ 338,374,742 $
Prior Month (05/24)
Three Months Previous (03/24)
Book Market Book Market
CD'S 32,000,000 $ 31,646,538 $ CD'S 31,245,000 $ 30,985,978 $ Gov't Securities* 141,808,163 137,255,049 Gov't Securities* 141,808,163 137,216,556 Municipal Securities 57,132,240 55,727,322 Municipal Securities 58,580,128 57,423,800 Corporate Securities 23,816,029 23,618,720 Corporate Securities 11,864,832 11,826,980 LAIF 57,312,667 57,312,667 LAIF 56,706,769 56,706,769
Sweep Account (Union Bank) 29,051,998 29,051,998 Sweep Account (Union Bank) 15,510,055 15,510,055 TOTAL 341,121,097 $ 334,612,294 $ TOTAL 315,714,947 $ 309,670,138 $ Six Months Previous (12/23)
One Year Previous (06/23)
Book Market Book Market
CD'S 28,995,000 $ 28,689,096 $ CD'S 25,495,000 $ 24,736,894 $ Gov't Securities* 154,368,102 150,412,489 Gov't Securities* 137,561,837 130,822,360 Municipal Securities 55,334,718 54,350,950 Municipal Securities 56,361,225 54,477,583 Corporate Securities - - Corporate Securities - - LAIF 56,142,817 56,142,817 LAIF 75,000,000 75,000,000
Sweep Account (Union Bank) 9,575,028 9,575,028 Sweep Account (Union Bank) 28,879,606 28,879,606 TOTAL 304,415,665 $ 299,170,380 $ TOTAL 323,297,668 $ 313,916,443 $ *Adjusted Quarterly for Premium/Discount Amortization
As of June 30, 2024
Monthly Investment Transactions
City of Clovis
ATTACHMENT 2
13 AGENDA ITEM NO. 2.

MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Negotiable CDs COST PRICE RATE DATE DATE 06/30/24 FREQUENCY Texas Exchange Bk 250,000 249,632.50 0.500% 07/09/21 07/09/24 9 QUARTERLY BMW Bk North Amer 250,000 248,940.00 0.550% 07/30/21 07/30/24 30 QUARTERLY Toyota Finl Svgs 250,000 247,622.50 0.650% 09/09/21 09/09/24 71 QUARTERLY State Bk India 250,000 247,362.50 0.650% 09/17/21 09/17/24 79 QUARTERLY Ubs Bank Usa 250,000 245,570.00 0.750% 11/17/21 11/18/24 141 QUARTERLY Webbank Salt Lake City 250,000 245,162.50 0.750% 11/29/21 11/29/24 152 QUARTERLY Medallion Bank Salt Lake City 250,000 244,760.00 0.900% 12/20/21 12/20/24 173 QUARTERLY Beal Bank 250,000 244,182.50 0.950% 01/19/22 01/15/25 199 QUARTERLY Mountian Amer Fed 250,000 246,945.00 3.450% 08/31/22 02/28/25 243 QUARTERLY Barclays Bk 250,000 243,860.00 1.700% 03/09/22 03/10/25 253 QUARTERLY Goldman Sachs Bk 250,000 243,777.50 1.650% 03/09/22 03/10/25 253 QUARTERLY Safra National Bk 250,000 244,092.50 2.000% 03/23/22 03/24/25 267 QUARTERLY Pentagon Federal Cr Un 250,000 244,040.00 2.000% 03/28/22 03/28/25 271 QUARTERLY Beal Bank 250,000 244,325.00 2.200% 04/06/22 04/02/25 276 QUARTERLY JP Morgan Chase 250,000 244,742.50 2.500% 04/08/22 04/08/25 282 QUARTERLY First Natl Bank 250,000 244,170.00 2.200% 04/12/22 04/11/25 285 QUARTERLY One Community Bank 250,000 244,815.00 2.700% 04/29/22 04/29/25 303 QUARTERLY Americu Credit Union 250,000 244,992.50 2.800% 05/02/22 05/02/25 306 QUARTERLY Synchrony Bank Retail 250,000 245,290.00 3.100% 05/20/22 05/20/25 324 QUARTERLY Connexus Credit Union 250,000 245,095.00 3.000% 05/26/22 05/27/25 331 QUARTERLY Bmo Harris Bank 250,000 245,150.00 3.150% 06/17/22 06/17/25 352 QUARTERLY Saco Biddeford 250,000 244,442.50 2.850% 06/17/22 06/17/25 352 QUARTERLY Baxter Credit Union 250,000 245,627.50 3.400% 06/28/22 06/30/25 365 QUARTERLY Capital One Bank 250,000 245,505.00 3.350% 06/29/22 06/30/25 365 QUARTERLY American First Cr Un 250,000 245,080.00 3.250% 07/15/22 07/15/25 380 QUARTERLY Trustone Financial Cr Un 250,000 245,020.00 3.250% 07/19/22 07/21/25 386 QUARTERLY American Natl Bank 250,000 244,552.50 3.100% 07/27/22 07/28/25 393 QUARTERLY TCM Bank 250,000 245,207.50 3.350% 07/28/22 07/28/25 393 QUARTERLY Generations Bank 250,000 245,310.00 3.400% 08/03/22 08/04/25 400 QUARTERLY Direct Fed Credit 250,000 245,042.50 3.500% 08/17/22 08/18/25 414 QUARTERLY Resource One Credit 250,000 244,905.00 3.300% 08/17/22 08/18/25 414 QUARTERLY Connext Credit 250,000 245,375.00 3.500% 08/31/22 08/29/25 425 QUARTERLY Skyone Fed Credit 250,000 245,597.50 3.600% 08/30/22 09/02/25 429 QUARTERLY Credit Union of Texas 250,000 245,515.00 3.600% 09/14/22 09/15/25 442 QUARTERLY Forbright Bank 250,000 245,207.50 3.500% 09/16/22 09/16/25 443 QUARTERLY Alabama Credit Union 250,000 245,480.00 3.600% 09/20/22 09/22/25 449 QUARTERLY Kemba Finl Credit Union 250,000 246,650.00 4.000% 09/21/22 09/22/25 449 QUARTERLY Ally Bank Sandy Utah 250,000 246,660.00 4.050% 09/29/22 09/29/25 456 QUARTERLY Farmers Merchants 250,000 245,885.00 3.750% 09/28/22 09/29/25 456 QUARTERLY Jefferson Finl FCU 250,000 247,100.00 4.150% 09/29/22 09/29/25 456 QUARTERLY Dort Finl Credit Union 250,000 246,650.00 4.000% 09/30/22 09/30/25 457 QUARTERLY First National Bank 250,000 245,827.50 3.625% 09/30/22 09/30/25 457 QUARTERLY Numerica Credit Union 250,000 247,492.50 4.200% 09/30/22 09/30/25 457 QUARTERLY Vystar Credit Union 250,000 247,675.00 4.350% 09/30/22 09/30/25 457 QUARTERLY 1st Financial Bank 250,000 247,020.00 4.150% 10/13/22 10/14/25 471 QUARTERLY Bell Bank Fargo 250,000 247,020.00 4.150% 10/13/22 10/14/25 471 QUARTERLY Pacific Alliance 250,000 247,175.00 4.200% 10/14/22 10/14/25 471 QUARTERLY Great Southern Bank 250,000 248,105.00 4.500% 10/20/22 10/20/25 477 QUARTERLY American Bank 250,000 247,537.50 4.350% 10/21/22 10/21/25 478 QUARTERLY Queensborough Natl Bank 250,000 247,312.50 4.100% 10/21/22 10/21/25 478 QUARTERLY Public Alliance Cr Un 250,000 248,100.00 4.500% 10/25/22 10/27/25 484 QUARTERLY First Citizens Bank 250,000 248,635.00 4.700% 10/28/22 10/28/25 485 QUARTERLY LCA Bank Corp 250,000 247,682.50 4.400% 10/28/22 10/28/25 485 QUARTERLY Sharonview Fed Cr Un 250,000 249,712.50 4.850% 10/31/22 10/31/25 488 QUARTERLY United Heritage Cr Un 250,000 248,940.00 4.700% 11/04/22 11/04/25 492 QUARTERLY Capital One Natl Assn 250,000 249,400.00 4.900% 11/16/22 11/17/25 505 QUARTERLY Morgan Stanley Bank 250,000 249,757.50 5.000% 11/18/22 11/18/25 506 QUARTERLY Spokane Teachers Cr Un 250,000 249,805.00 5.000% 11/23/22 11/23/25 511 QUARTERLY Morgan Stanley Private 250,000 248,842.50 4.750% 12/09/22 12/09/25 527 QUARTERLY Community Bank Topeka 250,000 247,365.00 4.300% 12/14/22 12/15/25 533 QUARTERLY Austin Telco Fed 250,000 249,672.50 4.950% 12/16/22 12/16/25 534 QUARTERLY Rogue Credit Union 250,000 250,010.00 5.100% 12/23/22 12/23/25 541 QUARTERLY Alliant Credit Union 250,000 250,197.50 5.100% 12/30/22 12/30/25 548 QUARTERLY First Technology Fed Cr Un 250,000 250,380.00 5.150% 06/30/23 12/30/25 548 MONTHLY Liberty First Cr Un 250,000 248,272.50 4.550% 01/17/23 01/19/26 568 QUARTERLY Capital Educators Fed Cr 250,000 248,272.50 4.550% 01/19/23 01/20/26 569 QUARTERLY City of Clovis
Certificates of Deposit
As of June 30, 2024
ATTACHMENT 3
14 AGENDA ITEM NO. 2.

MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Negotiable CDs COST PRICE RATE DATE DATE 06/30/24 FREQUENCY City of Clovis
Certificates of Deposit
As of June 30, 2024
Manufacturers Traders 250,000 247,565.00 4.250% 01/31/23 01/23/26 572 QUARTERLY City Natl Bank 250,000 247,177.50 4.350% 01/25/23 01/26/26 575 QUARTERLY Coastlife Cr Un 250,000 248,655.00 4.650% 02/13/23 02/13/26 593 QUARTERLY Achieve Finl Cr Un 250,000 248,660.00 4.650% 02/17/23 02/17/26 597 QUARTERLY California Cr Un Glendale 250,000 248,012.50 4.500% 02/23/23 02/23/26 603 QUARTERLY Truliant Fed Cr Un 250,000 248,502.50 4.600% 02/28/23 02/27/26 607 QUARTERLY Pioneer Fed Cr Un Mtn Home 250,000 248,502.50 4.600% 02/28/23 03/02/26 610 QUARTERLY Tradition Cap Bankk 250,000 248,272.50 4.600% 03/03/23 03/03/26 611 MONTHLY Alaska Fed Cr 250,000 249,030.00 4.650% 03/05/23 03/09/26 617 MONTHLY Mid Carolina Credit 250,000 250,080.00 4.600% 03/13/23 03/13/26 621 MONTHLY Blue Ridge Bank 250,000 249,975.00 4.500% 03/16/23 03/16/26 624 MONTHLY Northwest Bank 250,000 250,137.50 4.600% 03/17/23 03/17/26 625 MONTHLY Valleystar Credit Union 250,000 250,147.50 4.600% 03/20/23 03/20/26 628 MONTHLY First Community Bank 250,000 249,827.50 4.500% 03/22/23 03/23/26 631 MONTHLY Technology Credit Union 250,000 250,182.50 4.650% 03/23/23 03/23/26 631 MONTHLY Cibc Bank 250,000 249,800.00 4.650% 03/24/23 03/24/26 632 MONTHLY Signature Bank 250,000 250,165.00 4.500% 03/24/23 03/24/26 632 MONTHLY Point West Credit Union 250,000 250,185.00 5.000% 04/12/23 04/13/26 652 MONTHLY Flagstar Bank 250,000 250,170.00 4.650% 03/30/23 04/24/26 663 MONTHLY Utah Cmnty Credit Union 250,000 248,587.50 4.600% 04/26/23 04/27/26 666 MONTHLY Cross River Bank 250,000 248,692.50 4.650% 05/19/23 05/19/26 688 MONTHLY Raiz FCU 250,000 249,527.50 4.650% 05/24/23 05/26/26 695 MONTHLY Usalliance FCU 250,000 249,070.00 4.700% 05/26/23 05/26/26 695 MONTHLY Chartway Fed Cr Un 250,000 250,037.50 4.900% 06/09/23 06/09/26 709 MONTHLY Customers Bank 250,000 249,090.00 4.700% 06/14/23 06/15/26 715 MONTHLY Lafayette Fed Cr Un 250,000 250,327.50 4.950% 12/13/23 06/15/26 715 QUARTERLY Latino Cmnty Cr Un 250,000 250,150.00 4.900% 06/27/23 06/29/26 729 MONTHLY Leaders Cr Un 250,000 250,560.00 5.000% 06/30/23 06/30/26 730 MONTHLY Farmers Insurance 250,000 250,610.00 5.000% 07/21/23 07/21/26 751 MONTHLY Maine Svgs FCU 250,000 250,610.00 5.000% 07/21/23 07/21/26 751 MONTHLY Popular Bank New York 250,000 249,855.00 4.850% 09/06/23 09/04/26 796 QUARTERLY Freedom Northwest Cr Un 250,000 252,522.50 5.350% 09/19/23 09/18/26 810 QUARTERLY Amex National Bank 250,000 250,615.00 5.000% 09/20/23 09/21/26 813 QUARTERLY First Gty Bank 250,000 251,210.00 5.100% 10/13/23 10/13/26 835 MONTHLY Bridgewater Bank 250,000 251,235.00 5.100% 11/03/23 11/03/26 856 MONTHLY Taylorsville Svgs Bk 250,000 251,235. 00 5.100% 11/03/23 11/03/26 856 MONTHLY Mountain Comm Bk 250,000 247,800.00 4.500% 12/20/23 12/21/26 904 QUARTERLY American Bk Freedom 250,000 247,717.50 4.500% 12/22/23 12/22/26 905 QUARTERLY Rockland Fed Cr Un 250,000 248,380.00 4.600% 12/22/23 12/22/26 905 QUARTERLY Hughes Fed Cr Un 250,000 247,130.00 4.400% 01/29/24 01/29/27 943 QUARTERLY MVB Bk Inc Fairmont 250,000 246,162.50 4.250% 01/31/24 01/29/27 943 QUARTERLY Farmers & Merchants Tr Co 250,000 245,600.00 4.150% 01/30/24 02/01/27 946 QUARTERLY Oregon Cmnty Cr Un 250,000 246,460.00 4.300% 02/09/24 02/09/27 954 MONTHLY Valley Natl Bk 250,000 247,340.00 4.450% 02/21/24 02/22/27 967 MONTHLY CFBank Fairlawn 250,000 247,307.50 4.450% 03/05/24 03/05/27 978 QUARTERLY Haven Svgs Bk 250,000 247,520.00 4.500% 03/06/24 03/08/27 981 QUARTERLY Univest Natl Bk 250,000 248,177.50 4.600% 03/13/24 03/15/27 988 QUARTERLY First Natl Bk 250,000 248,225.00 4.600% 03/19/24 03/19/27 992 QUARTERLY Nicolet Natl Bk 250,000 248,220.00 4.600% 03/22/24 03/22/27 995 QUARTERLY People Bank Co 250,000 249,522.50 4.650% 03/30/23 03/30/27 1,003 MONTHLY United FID Bank FSB 250,000 248,185.00 4.600% 04/12/24 04/12/27 1,016 QUARTERLY Maine Cmnty Bk 250,000 248,795.00 4.700% 05/15/24 05/17/27 1,051 QUARTERLY Fahey Banking Co 250,000 248,790.00 4.700% 05/21/24 05/21/27 1,055 QUARTERLY Crown Bank Edina 250,000 248,450.00 4.650% 05/23/24 05/24/27 1,058 QUARTERLY Gilmer Natl Bk 250,000 249,112.50 4.750% 06/07/24 06/07/27 1,072 QUARTERLY First Fndtn Bk 250,000 250,090.00 4.900% 06/13/24 06/14/27 1,079 QUARTERLY Empower Fed Cr Un 250,000 250,140.00 4.900% 06/26/24 06/28/27 1,093 QUARTERLY Carroll County 250,000 248,255.00 4.650% 03/30/23 03/30/28 1,369 MONTHLY Discover Bank 250,000 247,022.50 4.350% 04/26/23 04/24/28 1,394 MONTHLY TTCU Fed Cr Un 250,000 253,342.50 5.000% 07/26/23 07/26/28 1,487 MONTHLY Wells Fargo Natl Bk 250,000 254,462.50 5.050% 11/14/23 11/14/28 1,598 MONTHLY Consumers Fed Cr Un 250,000 253,980.00 5.000% 11/16/23 11/16/28 1,600 MONTHLY Amerasia Bk 250,000 244,112.50 4.000% 02/15/24 02/15/29 1,691 MONTHLY Negotiable CD TOTAL 32,250,000$ 31,974,833 $
CD TOTAL 32,250,000$ 31,974,833 $
ATTACHMENT 3
15 AGENDA ITEM NO. 2.

MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Municipal Securities COST PRICE RATE DATE DATE 06/30/24 FREQUENCY Santa Ana College Ref Bond 439,868 438,244 0.644% 12/17/21 08/01/24 32 QUARTERLY University CA Rev Bond 992,459 981,100 4.350% 09/15/22 05/15/25 319 QUARTERLY Antelope Valley CA Ref Bond 743,092 722,340 1.767% 05/12/22 08/01/25 397 QUARTERLY Chabot Las Positas Cmnty Clg Bond 1,458,584 1,421,326 0.880% 04/29/22 08/01/25 397 QUARTERLY Foothill De Anza Bond 806,471 798,001 0.906% 03/24/23 08/01/25 397 QUARTERLY San Dieguito High School Ref Bond 971,826 962,520 1.661% 10/13/22 08/01/25 397 QUARTERLY Santa Ana CCD Ref Bond 243,755 238,450 0.744% 05/12/22 08/01/25 397 QUARTERLY Orange County Water Dist Ref Bond 877,849 869,121 2.095% 10/13/22 08/15/25 411 QUARTERLY San Jose CA Txble Ser B 2,303,839 2,282,819 2.450% 10/13/22 09/01/25 428 QUARTERLY Los Angeles CA USD Ref Bond 1,004,328 930,880 1.455% 11/15/21 07/01/26 731 QUARTERLY Chabot Las Positas Cmnty Clg CA 3,364,719 3,234,975 1.080% 07/27/22 08/01/26 762 QUARTERLY Chaffey CA High School Ref Bond 1,532,651 1,490,350 2.475% 06/30/22 08/01/26 762 QUARTERLY Huntington Beach HS Dist Ref Bond 3,192,603 3,061,719 1.208% 04/29/22 08/01/26 762 QUARTERLY Placentia Yorba USD Ref Bond 1,069,014 1,027,372 1.070% 05/31/22 08/01/26 762 QUARTERLY San Diego CA Cmnty Ref Bond 462,515 445,875 2.299% 04/29/22 08/01/26 762 QUARTERLY San Ramon Valley CA USD Ref Bond 2,125,000 1,966,050 1.147% 11/03/21 08/01/26 762 QUARTERLY Sonoma Cnty Jr College Ref Bond 1,957,536 1,901,240 2.447% 06/30/22 08/01/26 762 QUARTERLY San Diego CA Pub Facs Ref Bond 1,569,664 1,513,785 1.812% 08/18/22 10/15/26 837 QUARTERLY CA ST Univ Rev Ref Bond 2,322,478 2,291,300 1.142% 02/17/23 11/01/26 854 QUARTERLY El Dorado CA Irr Dist Ref Bond 1,124,965 1,082,645 1.687% 08/18/22 03/01/27 974 QUARTERLY Rancho Santiago Cmnty Clg 304,540 299,617 1.106% 11/17/22 03/01/27 974 QUARTERLY University Gen Rev Bond 2,187,091 2,165,866 1.316% 10/13/22 05/15/27 1,049 QUARTERLY El Monte Ca Ref Bond 551,215 543,594 1.326% 03/24/23 06/01/27 1,066 QUARTERLY Los Angeles CA Dept Wtr Ref Bond 2,082,541 2,032,620 5.516% 04/27/23 07/01/27 1,096 QUARTERLY Colton CA Jt Uni Sch 974,611 956,979 1.603% 11/17/22 08/01/27 1,127 QUARTERLY Contra Costa Ref Bond 837,679 814,308 2.163% 09/15/22 08/01/27 1,127 QUARTERLY Corona Norco Ref Bond 231,190 232,288 2.297% 09/28/23 08/01/27 1,127 QUARTERLY Foothill De Anza CCD 497,173 490,579 1.473% 12/15/22 08/01/27 1,127 QUARTERLY Fremont CA Uni Sch Dist 1,090,329 1,046,566 1.113% 11/17/22 08/01/27 1,127 QUARTERLY Fremont CA USD Ref Bond 1,009,562 982,245 2.000% 05/31/22 08/01/27 1,127 QUARTERLY Marin CA Cmnty Clg Dist 323,283 321,165 3.330% 11/17/22 08/01/27 1,127 QUARTERLY Mount San Antonio Cmnty Clg 257,292 255,833 1.139% 11/17/22 08/01/27 1,127 QUARTERLY Mount San Antonio Ref Bond 379,835 377,225 2.329% 10/13/22 08/01/27 1,127 QUARTERLY Saddleback VY Uni Ref Bond 2,922,090 2,798,670 2.400% 08/10/22 08/01/27 1,127 QUARTERLY San Diego CA Com CD 559,330 550,842 2.407% 12/15/22 08/01/27 1,127 QUARTERLY San Ramon Valley Ref Bond 1,337,475 1,298,474 3.415% 09/15/22 08/01/27 1,127 QUARTERLY Santa Monica Cmnty Clg Ref Bond 987,154 962,500 3.050% 09/15/22 08/01/27 1,127 QUARTERLY Sierra CA Cmnty Clg Dist 421,411 417,900 1.129% 11/17/22 08/01/27 1,127 QUARTERLY William Hart CA Un High 180,976 179,732 1.174% 11/17/22 08/01/27 1,127 QUARTERLY San Jose CA Txble Ser B 860,087 853,416 2.600% 10/13/22 09/01/27 1,158 QUARTERLY Soquel Creek Cnty Ref Bond 495,577 485,377 1.445% 05/18/23 03/01/28 1,340 QUARTERLY Gardena Calif Pension Oblig 913,667 920,290 2.663% 10/19/23 04/01/28 1,371 QUARTERLY Beverly Hills Ref Bond 571,623 557,086 1.514% 06/15/23 06/01/28 1,432 QUARTERLY California Health FACS 718,999 721,749 3.378% 11/16/23 06/01/28 1,432 QUARTERLY Alameda Cnty Calif 521,792 515,149 3.519% 03/21/24 08/01/28 1,493 QUARTERLY Desert CA Cmnty College 916,424 903,540 2.023% 01/19/24 08/01/28 1,493 QUARTERLY Long Beach Calif Cmnty 671,881 666,746 2.337% 03/21/24 08/01/28 1,493 QUARTERLY Redondo Beach Ref Bond 587,838 590,558 1.430% 09/28/23 08/01/28 1,493 QUARTERLY San Ramon Valley CA Uni 1,631,146 1,617,671 1.670% 07/13/23 08/01/28 1,493 QUARTERLY Santa Ana College Impt 1,322,878 1,318,035 1.320% 07/13/23 08/01/28 1,493 QUARTERLY Santa Clarita CA Cmnty 899,475 884,900 1.563% 01/19/24 08/01/28 1,493 QUARTERLY William Hart CA High 893,674 881,680 1.429% 12/21/23 08/01/28 1,493 QUARTERLY Yosemite Calif Cmnty Clg 690,665 681,510 2.210% 12/21/23 08/01/28 1,493 QUARTERLY Mun. Securities TOTAL 57,393,714$ 55,984,820 $
Municipal Securities TOTAL 57,393,714$ 55,984,820 $
City of Clovis
Municipal Securities
As of June 30, 2024
ATTACHMENT 4
16 AGENDA ITEM NO. 2.

MARKET INTEREST INVEST MATURITY MATURITY FROM INTEREST
Corporate Securities COST PRICE RATE DATE DATE 06/30/24 FREQUENCY Duke Energy Carolinas 1,952,601 1,923,080 3.950% 02/16/24 11/15/28 1,599 QUARTERLY Toyota MTR Cr Corp 1,992,605 1,975,540 4.650% 02/16/24 01/05/29 1,650 QUARTERLY Procter & Gamble Co 1,995,003 1,982,460 4.350% 02/16/24 01/29/29 1,674 QUARTERLY Texas Instrument Inc 1,992,563 1,988,660 4.600% 05/24/24 02/08/29 1,684 QUARTERLY Bristol-Myers Squibb Co 2,003,915 1,996,060 4.900% 05/24/24 02/22/29 1,698 QUARTERLY AstraZeneca Finance LLC 1,982,731 1,996,000 4.850% 04/19/24 02/26/29 1,702 QUARTERLY Cisco Sys Inc 2,018,880 1,999,640 4.850% 03/21/24 02/26/29 1,702 QUARTERLY Caterpillar Finl 2,019,895 2,000,480 4.850% 06/21/24 02/27/29 1,703 QUARTERLY Merck Co Inc 1,903,686 1,887,820 3.400% 03/21/24 03/07/29 1,711 QUARTERLY Blackrock Funding Inc 2,009,445 1,991,340 4.700% 03/21/24 03/14/29 1,718 QUARTERLY Adobe Inc 2,010,183 2,002,140 4.800% 05/24/24 04/04/29 1,739 QUARTERLY Home Depot Inc 1,992,316 2,003,440 4.900% 04/19/24 04/15/29 1,750 QUARTERLY United Health Group 1,971,186 1,984,260 4.700% 04/19/24 04/15/29 1,750 QUARTERLY Glaxosmithkline Capital 1,890,548 1,872,160 3.375% 06/21/24 06/01/29 1,797 QUARTERLY John Deere Capital 2,012,936 1,993,540 4.850% 06/21/24 06/11/29 1,807 QUARTERLY Corp. Securities TOTAL 29,748,493$ 29,596,620 $
Corporate Securities TOTAL 29,748,493$ 29,596,620 $
City of Clovis
Corporate Securities
As of June 30, 2024
ATTACHMENT 5
17 AGENDA ITEM NO. 2.

Treasury Rates as of June 30, 2024
3 month Treasury bill 5.48
6 month Treasury bill 5.33
2 Yr Treasury note 4.71
3 Yr Treasury note 4.52
5 Yr Treasury note 4.33
10 Yr Treasury note 4.36

CITY OF CLOVIS

FINANCE DEPARTMENT
JUNE 30, 2024 TREASURY RATES
As indicated in the above graph, treasuries decrease from 3-month to 10-year notes. 0 1
2 3
4 5
6 3 month
Treasury bill
6 month
Treasury bill
2 Yr Treasury
note
3 Yr Treasury
note
5 Yr Treasury
note
10 Yr
Treasury note

INTEREST RATES

TREASURIES
TREASURY RATES ON JUNE 30, 2024
ATTACHMENT 6
18 AGENDA ITEM NO. 2.

TO: Mayor and City Council
FROM: Finance Department
DATE: October 14, 2024
SUBJECT: Finance – Receive and File – Treasurer’s Report for the Month of June 2024.

ATTACHMENTS: 1. Summary of Cash Balances

2. Summary of Investment Activity

3. Investments with Original Maturities Exceeding One Year

EXECUTIVE SUMMARY
Attached for the Council’s information is the Treasurer’s Report for the month ended June 30, 2024.

Pursuant to Section 41004 of the Government Code of the State of California, the City Treasurer is required to submit a monthly report of all receipts, disbursements, and fund balances.

Attachment 1 provides a summary of the beginning balance, total receipts, total disbursements, ending balance for all funds, and a listing, by fund, of all month end fund balances. Attachment 2 summarizes the investment activity for the month and distribution, by type of investment, held by the City. Attachment 3 lists all investments with original maturities exceeding one year as of the month ended June 30, 2024.

CONFLICT OF INTEREST
None.

Prepared by: Jeffrey Blanks, Deputy Finance Director

Reviewed by: City Manager AH

19 AGENDA ITEM NO. 3.

Previous Balance 6,050,413.40$
Deposits 27,254,083.53
Disbursements (26,921,637.29)
Current Balance 6,382,859.64$

FUNDS BALANCE
100 General Fund 18,509,688.53 $
201 Local Transportation 24,611,391.70
202 Parking and Business Improvements 289,369.15
203 Off Highway Use 74,662.81
204 Community Facilities District 2020-1 296,620.88 205 Senior Citizen Memorial Trust 61,430.38
207 Landscape Assessment District 8,861,783.03
208 Blackhorse III (95-1) Assessment District 17,722.73 209 Blackhorse III (95-1) Assessment District 2 43,821.31 275 HCD Block Grant Fund 558,201.60
301 Park & Recreation Acquisition 6,596,802.59
305 Refuse Equipment Reserve 2,505,359.44
310 Special Street Deposit Fund 51,907,604.08
314 Housing Successor Agency 252,021.01
402 1976 Fire Bond Redemption 25,475.23
404 1976 Sewer Bond Redemption Fund 431,381.75
501 Community Sanitation Fund 16,251,708.95
502 Sewer Service Fund 35,614,150.49
504 Sewer Capital Projects-Users 298,849.12
506 Sewer Capital Projects-Developer 5,806,968.91
507 Water Service Fund 44,558,653.53
508 Water Capital Projects-Users 6,603,066.86
509 Water Capital Projects-Developer 9,328,773.33
515 Transit Fund 8,772,430.30
540 Planning & Development Services 16,982,116.31
601 Property & Liability Insurance 1,948,183.89
602 Fleet Maintenance 27,215,886.51
603 Employee Benefit Fund 19,908,002.16
604 General Government Services 27,676,677.83
605 Facilities Maintenance 4,844,189.26
606 Information Technology 6,500,489.78
701 Curb & Gutter Fund 170,435.61
703 Payroll Tax & Withholding Fund 1,633,949.42
712 Temperance/Barstow Assmt Dist (98-1) 80,386.42 713 Shepherd/Temperance Assmt Dist (2000-1) 5,944.29 715 Supp Law Enforcement Serv 372,448.20
716 Asset Forfeiture 375,893.80
720 Measure A-Public Safety Facility Tax 2,079.80
736 SA Admin Trust Fund 1,421.40
741 SA Debt Service Trust Fund 983,353.14
747 Housing Successor Trust Fund 1,137.98
SUBTOTALS 350,980,533.51$
999 Invested Funds (344,597,673.87)
TOTAL 6,382,859.64$
Statement of Cash Balances
As of June 30, 2024
City of Clovis
ATTACHMENT 1
20 AGENDA ITEM NO. 3.

Balance of Investments Previous Month End 341,121,097.36 $ Time Certificates of Deposit Transactions
Investments 750,000.00
Withdrawals (500,000.00)
Total CD Changes 250,000.00
Other Changes
Government Securities (5,542,139.00)
Local Agency Investment Fund 0.00
Municipal Securities 261,474.00
Corporate Securities 5,932,464.00
Sweep Account 2,574,777.51
Total Other Changes 3,226,576.51
Balance of Investments Current Month End 344,597,673.87$ Insured CD's 32,250,000.00
Government Securities 136,266,024.35
Corporation Securities 29,748,493.00
Local Agency Investment Fund 57,312,666.91
Municipal Securities 57,393,713.55
Sweep Account 31,626,776.06
Investment Total 344,597,673.87$
City of Clovis
Distribution of Investments
As of June 30, 2024
City of Clovis
Summary of Investment Activity
For the month of June 30, 2024
ATTACHMENT 2
21 AGENDA ITEM NO. 3.

Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
FHLB 5,000,000.00 4,995,847 11/15/2024 1.050%
FHLB 1,735,000.00 1,702,061 12/30/2024 0.500%
FNMA 2,000,000.00 1,951,589 2/24/2025 0.500%
FNMA 1,000,000.00 976,273 2/25/2025 0.520%
FHLB 1,000,000.00 976,793 2/27/2025 0.625%
FHLB 4,000,000.00 3,995,566 2/28/2025 1.750%
FAMCMTN 4,000,000.00 4,000,000 4/25/2025 2.750%
FAMCMTN 4,000,000.00 3,984,399 7/28/2025 0.750%
FHLB 5,000,000.00 5,000,000 8/28/2025 3.600%
FHLB 5,000,000.00 4,984,279 9/8/2025 0.600%
FHLB 980,000.00 907,196 11/25/2025 0.500%
FFCB 5,000,000.00 4,986,477 2/11/2026 0.580%
FHLB 4,000,000.00 3,969,228 2/24/2026 0.750%
FHLB 3,000,000.00 2,849,879 3/16/2026 0.790%
FHLB 5,000,000.00 4,985,276 9/28/2026 0.940%
FHLB 4,000,000.00 3,811,517 10/28/2026 1.150%
FHLB 6,000,000.00 5,994,237 11/24/2026 1.250%
FHLB 5,000,000.00 5,063,951 12/11/2026 2.125%
FHLB 4,500,000.00 4,239,805 2/24/2027 1.020%
FHLB 5,000,000.00 4,736,047 2/24/2027 1.020%
FHLB 4,000,000.00 3,834,935 2/26/2027 0.900%
FHLB 6,800,000.00 5,289,315 2/26/2027 0.900%
FHLB 5,700,000.00 6,328,687 2/26/2027 0.900%
FHLB 6,000,000.00 5,502,949 2/26/2027 1.000%
FHLB 4,000,000.00 4,000,000 3/8/2027 2.375%
FHLB 6,000,000.00 5,377,363 2/22/2028 0.830%
FHLB 400,000.00 360,066 2/25/2028 1.125%
FFCB 2,500,000.00 2,188,163 3/2/2028 1.000%
FHLB 3,000,000.00 3,095,427 3/10/2028 4.500%
FFCB 2,245,000.00 1,949,320 3/10/2028 1.000%
FFCB 700,000.00 634,654 3/22/2028 1.370%
FFCB 6,000,000.00 6,077,925 4/25/2028 3.875%
FFCB 5,500,000.00 5,385,611 4/27/2028 3.740%
FFCB 3,000,000.00 2,963,816 6/22/2028 4.470%
FFCB 3,000,000.00 2,683,006 7/13/2028 1.230%
FHLMC 1,000,000.00 872,965 7/27/2028 1.100%
FNMA 1,000,000.00 868,878 7/28/2028 1.000%
FHLB 1,000,000.00 895,927 8/4/2028 1.300%
FFCB 3,000,000.00 2,984,322 9/8/2028 4.750%
FHLMC 1,000,000.00 862,276 10/19/2028 1.000%
Government Maturities Exceeding One Year
As of June 30, 2024
City of Clovis
ATTACHMENT 3
22 AGENDA ITEM NO. 3.

Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
Sana Ana College Improv Dist 440,000.00 439,868.00 8/1/2024 0.644% UC General Revenue Bonds 1,000,000.00 992,459.00 5/15/2025 3.050% Antelope Valley Comm Coll 750,000.00 743,091.50 8/1/2025 1.767% Chabot Las Positas Comm Coll 1,490,000.00 1,458,584.00 8/1/2025 0.880% Foothill De Anza Ref Bds 2021B 835,000.00 806,470.50 8/1/2025 0.906% San Dieguito USD GO Bonds 1,000,000.00 971,826.00 8/1/2025 1.661% Santa Ana Coll Improv Dist 250,000.00 243,754.50 8/1/2025 0.744% Orange County Water Dist 900,000.00 877,849.00 8/15/2025 2.095% San Jose Ca Taxable Series B 2,355,000.00 2,303,838.50 9/1/2025 2.450% LA CUSD GO Bonds 1,000,000.00 1,004,328.00 7/1/2026 1.455% Chabot Las Positas Comm Coll 3,505,000.00 3,364,719.00 8/1/2026 1.080% Chaffey Joint Union HS 1,565,000.00 1,532,650.50 8/1/2026 2.475% Huntington Beach Union HS 3,305,000.00 3,192,603.00 8/1/2026 1.208% Placentia Yorba Linda USD 1,110,000.00 1,069,014.00 8/1/2026 1.070% San Diego Comm Coll Dist 470,000.00 462,515.00 8/1/2026 2.299% San Ramon Valley CUSD 2,125,000.00 2,125,000.00 8/1/2026 1.147% Sonoma County Jr Coll Dist 2,000,000.00 1,957,536.00 8/1/2026 2.447% San Diego Pub Facilities Dist 1,625,000.00 1,569,664.00 10/15/2026 1.812% California St Univ Taxable 2021B 2,500,000.00 2,322,478.00 11/1/2026 1.142% El Dorado Irrigation Dist 1,175,000.00 1,124,965.00 3/1/2027 1.687% Rancho Santiago CC Ref 2020 335,000.00 304,539.50 3/1/2027 1.106% UC Taxable Gen Bds 2020 B 2,385,000.00 2,187,090.50 5/15/2027 1.316% El Monte HSD Taxable Ref 2021 600,000.00 551,215.00 6/1/2027 1.326% LA Dept Wtr Pwr Rev Bonds 2010C 2,000,000.00 2,082,541.00 7/1/2027 5.516% Colton CA USD Ref Bonds 2020 1,060,000.00 974,611.00 8/1/2027 1.603% Contra Costa Comm College Dist 880,000.00 837,679.00 8/1/2027 2.163% Corona Norco USD Ref Bond 2019 250,000.00 231,190.00 8/1/2027 2.297% Foothill De Anza CC Taxable 2021 540,000.00 497,173.00 8/1/2027 1.473% Fremont USD Alameda County 1,100,000.00 1,090,329.00 8/1/2027 1.113% Fremont USD Taxable Ref 2021 1,140,000.00 1,009,562.00 8/1/2027 2.000% Marin County Comm Coll 2016 335,000.00 323,282.80 8/1/2027 3.330% Mount San Antonio CC 2021 285,000.00 257,292.00 8/1/2027 1.139% Mount San Antonio Comm Coll 405,000.00 379,834.75 8/1/2027 2.329% Saddleback Valley USD 3,000,000.00 2,922,090.00 8/1/2027 2.400% San Diego CCD Taxable 2019 590,000.00 559,330.00 8/1/2027 2.407% San Ramon Valley CUSD 1,435,000.00 1,337,475.00 8/1/2027 1.440% Santa Monica Comm College Dist 1,000,000.00 987,154.00 8/1/2027 3.415% Sierra CA CCD 2021A Ref 465,000.00 421,410.50 8/1/2027 1.129% William Hart USD 2020 Ref 200,000.00 180,976.00 8/1/2027 1.174% San Jose Ca Taxable Series B 910,000.00 860,087.00 9/1/2027 2.600% Soquel Creek Wtr Ref 2020 545,000.00 495,576.50 3/1/2028 1.445% Gardena Calif Pension Obligation 1,000,000.00 913,667.00 4/1/2028 2.663% Beverly Hills Taxable Ref 2020B 635,000.00 571,622.50 6/1/2028 1.514% California Health Facs Fing Au 760,000.00 718,999.00 6/1/2028 3.378% Alameda Cnty Calif 540,000.00 521,792.00 8/1/2028 3.519% Desert CA Cmnty College 1,000,000.00 916,424.00 8/1/2028 2.023% Long Beach Calif Cmnty 730,000.00 671,881.00 8/1/2028 2.337% Redondo Beach CA Uni Bond 2018 675,000.00 587,838.00 8/1/2028 1.430% San Ramon Valley CA 1,820,000.00 1,631,146.00 8/1/2028 1.670% Santa Ana College Impt 1,500,000.00 1,322,878.00 8/1/2028 1.320% Santa Clarita Calif Cmnty 1,000,000.00 899,475.00 8/1/2028 1.563% William Hart High 1,000, 000.00 893,674.00 8/1/2028 1.429% Yosemite Calif Cmnty College 750,000.00 690,665.00 8/1/2028 2.210% As of June 30, 2024
City of Clovis
Municipal Maturities Exceeding One Year
ATTACHMENT 3
23 AGENDA ITEM NO. 3.

Investment
Balance At Stated
Institution Face Value Amortized Cost Maturity Rate
Duke Energy Carolinas LLC 2,000,000.00 1,952,601.00 11/15/2028 3.950% Toyota MTR Cr Corp 2,000,000.00 1,992,605.00 1/5/2029 4.350% Procter & Gamble Co 2,000,000.00 1,995,003.00 1/29/2029 4.650% Texas Instrument Inc 2,000,000.00 1,992,563.00 2/8/2029 4.600% Bristol-Myers Squibb Co 2,000,000.00 2,003,915.00 2/22/2029 4.900% Astrazeneca Finance LLC 2,000,000.00 1,982,731.00 2/26/2029 4.850% Cisco Sys Inc. 2,000,000.00 2,018,880.00 2/26/2029 4.850% Caterpillar Finl 2,000,000.00 2,019,895.00 2/27/2029 4.850% Merck Co Inc. 2,000,000.00 1,903,686.00 3/7/2029 3.400% Blackrock Fund Inc. 2,000,000.00 2,009,445.00 3/14/2029 4.700% Adobe Inc 2,000,000.00 2,010,183.00 4/4/2029 4.800%
Home Depot Inc. 2,000,000.00 1,992,316.00 4/15/2029 4.900% United Health Group 2,000,000.00 1,971,186.00 4/15/2029 4.700% Glaxosmithkline Capital 2,000,000.00 1,890,548.00 6/1/2029 3.375% John Deere Capital 2,000,000.00 2,012,936.00 6/11/2029 4.850% As of June 30, 2024
City of Clovis
Corporate Maturities Exceeding One Year
ATTACHMENT 3
24 AGENDA ITEM NO. 3.

TO: Mayor and City Council
FROM: Finance Department
DATE: October 14, 2024
SUBJECT: Finance - Approval - Res. 24 -___, A Resolution of Intention (ROI) to Annex Territory (Annexation #74) (T6205 – Northeast Corner Sunnyside/Shepherd, T6343 – Southwest Corner Behymer/Sunnyside), to the Community Facilities District (CFD) 2004 -1 and to Author ize the Levy of Special Taxes Therein and Setting the Public Hearing for November 18, 2024.

ATTACHMENTS: 1. Res. 24-___, Intention to Annex Territory to CFD

RECOMMENDATION
That the Council approve Res. 24-___, A Resolution of Intention to Annex Territory (Annexation #74) to Community Facilities District (CFD) 2004 -1 and to Authorize the Levy of Special Taxes therein and setting the Public Hearing for November 18, 2024.

EXECUTIVE SUMMARY
Since the condition to establish a CFD was imposed on the developments being processed by the City, developments proceeding after March 8, 2004, must petition to be annexed to the existing CFD. This action is required to begin the proces s of annexation provided by the conditions of approval of the development entitlements.

BACKGROUND
Since the condition to establish a CFD was imposed on the developments being processed by the City, developments proceeding after March 8, 2004, must petiti on to be annexed to the existing CFD. Recently, a developer has submitted a petition to annex territory to the Community Facilities District 2004 -1 and to include his subdivision within the District as provided by the conditions of approval of the develop ment entitlements. To initiate the process for annexation of territory to a CFD, the Council must approve a Resolution of Intention (ROI) to annex territory to the CFD. The ROI included with this report includes various actions necessary for the annexation to the CFD. The Rate and Method of Apportionment (RMA) referred to in the ROI is as adopted by the Council with the Resolution of Formation adopted March 8, 2004.

The area to be annexed, T6205 – Northeast Corner Sunnyside/Shepherd, T6343 – Southwest Corner Behymer/Sunnyside, is shown in the attached map. 25 AGENDA ITEM NO. 4.

FISCAL IMPACT
No fiscal impact by this action.

REASON FOR RECOMMENDATION
All requirements to begin the process for annexation of territory to the CFD have been completed, and the Council may take action on the ROI.

ACTIONS FOLLOWING APPROVAL
The Staff will take appropriate steps to schedule the Public Hearing on the Annexation of Territory to the CFD for November 18, 2024, and will provide the notices in accordance with the law.

CONFLICT OF INTEREST
None.

Prepared by: Steve Nourian, Senior Accounting Systems Technician

Reviewed by: City Manager AH

26 AGENDA ITEM NO. 4.

RESOLUTION 24-___

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLOVIS

APPROVING THE INTENTION TO ANNEX TERRITORY TO COMMUNITY FACILITIES

DISTRICT AND TO AUTHORIZE THE LEVY OF SPECIAL TAXES THEREIN

CITY OF CLOVIS
Community Facilities District No. 2004-1
(Police and Fire Services)
Annexation No. 74

WHEREAS, this Council has conducted proceedings to establish Community Facilities District No. 2004 -1 (Police and Fire Services) (the “CFD”) pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (the "Act"), Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing at Section 53311, of the California Government Code; and

WHEREAS, under the Act, this Council, as the legislative body for the CFD, is empowered with the authority to annex territory to the CFD, and now desires to undertake proceedings to annex territory to the CFD.

NOW, THEREFORE, BE IT RESOLVED, by the City of Clovis:

1. Findings. This Council hereby finds and determines that public convenience and necessity require that territory be added to the CFD.

2. Territory Described. The name of the existing CFD is “Community Facilities District No. 2004-1 (Police and Fire Services)”. The territory included in the existing CFD is as shown on the map thereof filed in Book 40 of Maps of Assessment and Community Facilities Districts at Page 57, in the office of the County Recorder, County of Fresno, State of California, to which map reference is hereby made. The territory now proposed to be annexed to the CFD is as shown on the Ann exation Map No. 74 to the CFD, on file with the Clerk, the boundaries of which territory are hereby preliminarily approved and to which map reference is hereby made for further particulars (Attachment A). The City Clerk is hereby directed to cause to be recorded said Annexation Map No. 74 to the CFD, showing the territory to be annexed, in the office of the County Recorder of the County of Fresno within fifteen days of the date of adoption of this resolution.

3. The Services. The types of public service s financed by the CFD and pursuant to the Act consist of those of the police and fire services (the “Services”) as described in Exhibit A to Resolution No. 04 -33, adopted by the Council on March 8, 2004 (the “Resolution of Formation”). It is presently int ended that the Facilities (and the Services) will be shared, without preference or priority, by the existing territory in the CFD and the territory proposed to be annexed to the CFD.

ATTACHMENT 1
27 AGENDA ITEM NO. 4.

4. Special Tax. Except to the extent that funds are otherwise available to the CFD to pay for the Services, a special tax sufficient to pay the costs thereof is intended to be levied annually within the CFD, and collected in the same manner as ordinary ad valorem property taxes. The proposed rate and method of apportionment of the special tax among the parcels of real property within the CFD, as now in existence and following the annexation proposed herein, in sufficient detail to allow each landowner within the territory proposed to be annexed to the CFD to estimate the maximum amount such owner will have to pay, are described in Exhibit B attached to the Resolution of Formation, by which this r eference is incorporated herein.

5. Hearing. Monday, November 18, 2024, at 6:00 p.m. or as soon as possible thereafter, in the City Hall, Council Chambers, 1033 Fifth Street, Clovis, California, be, and the same are hereby appointed and fixed as the time and place when and where this Council, as legislative body for the CFD, will conduct a public hearing on the annexation of territory to the CFD and consider and finally determine whether the public interest, convenience and necessity require said annexation of territory to the CFD and the levy of such special tax therein.

6. Notice. The City Clerk is hereby directed to cause notice of said public hearing to be given by publication one time in a newspaper of general circulation in the area of the CFD.

The publication of said notice shall be completed at least seven (7) days before the date herein set for said hearing. The City Clerk shall also cause a copy of such notice and a copy of the Resolution of Formation to be mailed to each landowner (and to each registered voter, if any) within the territory proposed to be annexed, which notice and resolution shall be mailed at least fifteen (15) days before the date of said hearing. Such notice shall be substantially in the form specified in Section 53339.4 of the Act, with a summary form specifically authorized.

7. Annexation Contingency. Section 53316 of the Act shall apply to the proceedings of the Council for the CFD to the extent that the proceedings, if appropriate, include territory which on the date of adoption of this Resolution of Intention are not annexed to the City a nd which territory is proposed to be annexed to the City. This Council determines that the City has filed appropriate documents, including a “resolution of application”, with the Fresno County Local Agency Formation Commission (“LAFCO”) for the annexation of territory as therein described, which territory includes all or a portion of the lands proposed for inclusion in the boundaries of the CFD as herein described. A certificate of filing of such application has been issued by the official who is the executive officer of LAFCO, a copy of which certificate of filing is on file with the City Clerk. It is hereby specifically provided that these proceedings for the CFD, to the extent applicable to such territory subject to such LAFCO annexation to the City, s hall be contingent upon and shall be completed only if the annexation of such territory to the City by LAFCO is completed. It is further provided that this Council shall not authorize the levy of the Special Tax nor cause any amended notice of special tax lien to be recorded for the territory to be annexed to the CFD unless and until such annexation proceedings through LAFCO are completed to the satisfaction of this Council.

8. Effective Date. This resolution shall take effect upon its adoption.

* * * * *

28 AGENDA ITEM NO. 4.

The foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Clovis held on October 14, 2024, by the following vote, to wit.

AYES:

NOES:

ABSENT:

ABSTAIN:

DATED: October 14, 2024

______________________________ ______________________________ Mayor City Clerk

29 AGENDA ITEM NO. 4.
30 AGENDA ITEM NO. 4.

TO: Mayor and City Council
FROM: Administration
DATE: October 14, 2024
SUBJECT: Consider Approval – Confirmation of City Manager’s Appointment of General Services Director.

Staff: John Holt, City Manager
Recommendation: Approve

ATTACHMENTS: None.

RECOMMENDATION
Consider confirmation of the City Manager’s appointment of Amy Hance as General Services Director effective November 1, 2024.

EXECUTIVE SUMMARY
The City Manager has appointed Amy Hance as General Services Director effective November 1, 2024, subject to confirmation by the City Council.

BACKGROUND
Amy Hance has worked for the City of Clovis for 18 years in three increasingly responsible positions. In her current role as Deputy General Services Director, Mrs. Hance is responsible for over 120 employees and the day -to-day operations of Public Transit, Senior Services, and Recreation. Mrs. Hance is highly respected throughout the community and collabo rates with community groups and organizations to provide exemplary service to Clovis citizens. Amy was instrumental in the design and completion of the senior center and transit hub at Landmark Square. Mrs. Hance holds a bachelor's degree in business and a master’s degree in business administration, as well as many professional certificates.

Based on this, the City Manager has determined that Mrs. Hance is well qualified and prepared for this position and has made the appointment as General Services Direc tor, subject to City Council confirmation, effective November 1, 2024.

FISCAL IMPACT
The City has budgeted sufficient funds for this position. 31 AGENDA ITEM NO. 5.

REASON FOR RECOMMENDATION
Pursuant to Clovis Municipal Code, Chapter 2.2.103, the City Council must confirm Department Director appointments made by the City Manager.

ACTIONS FOLLOWING APPROVAL
The City Manager will follow up with any appropriate action as directed by the City Council.

CONFLICT OF INTEREST
None.

Prepared by: John Holt, City Manager

Reviewed by: City Manager JH
32 AGENDA ITEM NO. 5.

TO: Mayor and City Council
FROM: Administration
DATE: October 14, 2024
SUBJECT: Consider Approval – Change of Council Meeting Schedule.

Staff: John Holt, City Manager
Recommendation: Approve

ATTACHMENTS: None.

RECOMMENDATION
For the City Council to approve the cancellation of the regular Council meeting scheduled for Monday, October 21, 2024.

EXECUTIVE SUMMARY
There is a need to change the schedule of meetings for the City Council in October. Staff is recommending that City Council approve the cancellation for the meeting of Monday, October 21, 2024.

BACKGROUND
Staff was also able to consolidate the agenda items to the first and second Council meetings in October. Therefore, staff is recommending Council consider canceling the meeting of October 21, 2024, due to the limited number of items on the agenda. Given adequate notice, staff will be able to amend the timing of actions coming forward so that operations will not be affected by the cancellations.

FISCAL IMPACT
None.

REASON FOR RECOMMENDATION
Pursuant to the Clovis Municipal Code, the City Council meets in regular session on the first, second, and third Monday of each month, except when those Mondays occur on a recognized City holiday. The City Council needs to confirm any change to the schedule of meetings in order to properly notice the public of the City Council’s schedule of meetings.

33 AGENDA ITEM NO. 6.

ACTIONS FOLLOWING APPROVAL
A revised schedule of meetings will be published in conformance with law.

CONFLICT OF INTEREST
None.

Prepared by: Rebecca Simonian, Executive Assistant

Reviewed by: City Manager JH
34 AGENDA ITEM NO. 6.