GARDENA CITY COUNCIL
Regular Meeting Notice and Agenda
Council Chamber at City Hall
1700 West 162
nd
Street, Gardena, California
Website:
www.cityofgardena.org
Tuesday, April 23, 2024
Closed Session 7:00 p.m.
Open Session 7:30 p.m.
TASHA CERDA
,
Mayor
MARK E. HENDERSON
,
Mayor Pro Tem
RODNEY G. TANAKA
,
Council Member
PAULETTE C. FRANCIS
,
Council Member
WANDA LOVE
,
Council Member
MINA SEMENZA
,
City Clerk
GUY H. MATO,
City Treasurer
CLINT OSORIO
, City Manager
CARMEN VASQUEZ
,
City Attorney
LISA KRANITZ
,
Assistant City Attorney
If you would like to participate in this meeting, you can participate via the following options:
1 .
VIEW THE MEETING live on SPECTRUM CHANNEL 22 or ONLINE at youtube.com/CityofGardena
2 .
PARTICIPATE BEFORE THE MEETING
by emailing the Deputy City Clerk at
[email protected]
by 5:00p.m. on the day of the meeting and write
"Public Comment" in the subject line.
3 .
ATTEND THE MEETING IN PERSON
PUBLIC COMMENT
:
The City Council will hear from the public on any item on the agenda or any item of interest that is not on the agenda at the following times:
Agenda Items – At the time the City Council considers the item or during Oral Communications
Non-agenda Items – During Oral Communications
Public Hearings – At the time for Public Hearings listed on the Agenda If you wish to address the Council, please complete a “Speaker Request” form and present it to the City Clerk or Sergeant of Arms. You will be called to the podium by name when it is your turn to address the Council. The City Council cannot legally take action on any item not scheduled on the Agenda. Such items may be referred for administrative action or scheduled on a future Agenda. Members of the public wishing to address the City Council will be given three (3) minutes to speak. 4 .
The City of Gardena, in complying with the Americans with Disabilities Act (ADA), requests individuals who require special accommodations to access, attend and/or participate in the City meeting due to disability, to please contact the City Clerk's Office by phone (310) 217-9565 or email
[email protected]
at least 24 business
hours prior to the scheduled general meeting to ensure assistance is provided. Assistive listening devices are available.
1. ROLL CALL
2. CLOSED SESSION
2.A
CONFERENCE WITH LABOR NEGOTIATORS
Government Code Section 54957.6
Agency Designated Representative: Clint Osorio, City Manager Employee Organizations:
1 .
Gardena Police Officers Association (GPOA), Robert Rosales Jr., Association President
2 .
Gardena Management Employees Organization (GMEO), Vicky L. Barker, Attorney
3 .
Gardena Municipal Employees Association (GMEA), Fred G. Quiel, Attorney 4 .
Confidential / Unrepresented Employees
2.B
CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION
Gov. Code Section 54956.9(d)(1)
Charmaine L. Green v. City of Gardena, et al.
L.A. Sup. Ct. Case No.: 22STCV18526
2.C
CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION
Significant exposure to litigation, pu
rsuant to Gov. Code Section 54956.9(d)(2)-
April 18, 2024, correspondence from attorney Dave Rand on behalf of Cityview regarding project at 12888 Crenshaw Boulevard, Gardena
4.18.2024 correspondence from attorney D. Rand.pdf
3. PLEDGE OF ALLEGIANCE
Katherine Wilson and Feechukwu Onuegbu
156th Street Elementary School
STANDARDS OF BEHAVIOR THAT PROMOTE CIVILITY AT ALL PUBLIC MEETINGS Treat everyone courteously;
Listen to others respectfully;
Exercise self-control;
Give open-minded consideration to all viewpoints;
Focus on the issues and avoid personalizing debate; and Embrace respectful disagreement and dissent as democratic rights, inherent components of an inclusive public process, and tools for forging sound decisions Thank you for your attendance and cooperation
PUBLIC COMMENT ON CLOSED SESSION
CITY ATTORNEY REPORT OUT OF CLOSED SESSION
4. INVOCATION
Pastor Chris Codrington
Gardena-Torrance Baptist Church
5. PRESENTATIONS
5.A
Certificate of Commendation in Special Recognition of Retirement and Long-Time Service to the City of Gardena:
(a) Kimberly Baston, Bus Operator - 22 years (Transportation Department) (b) Sebastian Goodlow, Bus Operator - 30 years (Transportation Department)
Kimberly Baston Certificate.pdf
Sebastian Goodlow certificate.pdf
5.B
Boards & Commissions Presentation - Human Services Commission
5.C
Gardena Events Video Presentation
6. PROCLAMATIONS
6.A
"55th Annual Professional Municipal Clerk’s Week" - May 5, 2024 - May 11 , 2024
(
to be accepted by City Clerk Mina Semenza)
Municipals City Clerk's Week Proclamation
6.B
"Cinco de Mayo Celebration Day" - May 05, 2024 - (
to be accepted Cinco de Mayo
Committee)
Cinco De Mayo Proclamation
6.C
"Older Americans Month" - May 2024 -
(to be proclaimed only)
Proclaim Only-Older Americans Month- May 2024.pdf
7. APPOINTMENTS
8. CONSENT CALENDAR
NOTICE TO THE PUBLIC
- Roll Call Vote Required On The Consent Calendar
All matters listed under the Consent Calendar will be enacted by one motion unless a Council Member requests Council discussion, in which case that item will be removed from the Consent Calendar and considered separately following this portion of the agenda.
PUBLIC COMMENT ON CONSENT CALENDAR
8.A
Waiver of Reading in Full of All Ordinances Listed on this Agenda and that they be Read by Title Only
CONTACT: CITY CLERK
8.B
Approve Minutes:
Regular Meeting of the City Council, April 9, 2024
CONTACT: CITY CLERK
04092024 REGULAR Minutes CC Meeting - FINAL.pdf
8.C
Receive and File of Minutes:
Planning and Environmental Quality Commission, March 19, 2024 Planning and Environmental Quality Commission, April 2, 2024 CONTACT: COMMUNITY DEVELOPMENT
24_03_19 PCMIN.pdf
24_04_02 PCMIN.pdf
8.D
Approval of Warrants/Payroll Register, April 23, 2024
CONTACT: ADMINISTRATIVE SERVICES
Warrant-Payroll Register 04-23-24.pdf
8.E
Monthly Investment Portfolio, March 2024
CONTACT: ADMINISTRATIVE SERVICES
March 2024 Investment Report.pdf
8.F
Personnel Report P-2024-7 4-23-24
CONTACT: ADMINISTRATIVE SERVICES
PERS RPT P-2024-7 4-23-24.pdf
8.G
SECOND READING AND ADOPTION OF ORDINANCE NO. 1869
, Adding
Chapter 2.70 to Title 2 of the Gardena Municipal Code relating to Statements of Economic Interest and Electronic and Paperless Filing of Campaign Disclosure Statements
CONTACT: CITY CLERK
ORD NO 1869 - NetFile.pdf
8.H
RESOLUTION NO. 6665
,
Upholding the Community Development Director’s
Decision to Deny a Home Sharing Rental Application and Denying the Appeal CONTACT: COMMUNITY DEVELOPMENT
Resolution No. 6665.pdf
8.I
Approval of Annual/Periodic Event Permit - Carnival, for the 86th Annual Strawberry Park Day Fiesta to be Held May 17th through May 19, 2024, at St.
Anthony of Padua Catholic Church (1050 West 163rd Street) CONTACT: COMMUNITY DEVELOPMENT
St. Anthony's Annual Carnival Application.pdf
Community Development, Building and Safety Division Memo.pdf
Community Development, Planning Division Memo.pdf
Police Department Memo.pdf
L.A. County Fire Department Memo.pdf
9. EXCLUDED CONSENT CALENDAR
10. PLANNING & ENVIRONMENTAL QUALITY COMMISSION ACTION SHEET
10.A
APRIL 16, 2024 MEETING
First Request for Extension of Conditional Use Permit #7-21.
The Planning Commission considered the first request extension of time for Conditional Use Permit #7-21, to permit the operation of a warehouse facility in the General Industrial (M-2) zone.
LOCATION: 1600 and 1606 W. 135th Street
APPLICANT: Jason Hines (DBA Gardena Owner LP)
Commission Action:
The Planning Commission approved the first extension of Conditional Use Permit #7-21 approving the permit to expire October 25, 2024, by a vote of 5-0.
City Council Action:
Receive and file or Call for Review (By way of two votes from the City Council)
10.B
APRIL 16, 2024 MEETING
Resolution No. PC 10-24
: Denying the appeal by The Tire House Inc. from the
Director's decision to revoke the approval of the Site Plan Review #4-15 of The Tire House located at 1818 W. Redondo Beach Blvd, and finding that the action is categorically exempt from the provisions of CEQA pursuant to guidelines Section 15321.
Commission Action:
The Planning Commission moved that this item be
continued and recommended that staff monitor the business for compliance with the conditions of approval for Site Plan Review #4-15, by a vote of 5-0.
City Council Action:
No action needed.
To view the complete Planning Commission packet
CLICK HERE
2024_04_16 PCAX
11. ORAL COMMUNICATIONS (
LIMITED TO A 30-MINUTE PERIOD)
Oral Communications by the public will be heard for one-half hour at or before 8:30 p.m. or at the conclusion of the last agenda item commenced prior to 8:30 p.m. Oral Communications not concluded at that time shall be resumed at the end of the meeting after Council Reports. Speakers are to limit their remarks to three minutes, unless extended by the Mayor. An amber light will appear to alert the speaker when two minutes are complete, and a red light will appear
when three minutes are over. Your cooperation
is appreciated.
12. DEPARTMENTAL ITEMS - ADMINISTRATIVE SERVICES
12.A
Award Contract with Gruber and Lopez, Inc. for Professional Auditing Services for the Fiscal Years Ending June 30, 2024, 2025, and 2026 in the Amount of $240,625 Staff Recommendation: Award Contract
PSA_-_Gruber_and_Lopez.pdf
13. DEPARTMENTAL ITEMS - COMMUNITY DEVELOPMENT
13.A
PUBLIC HEARING: INTRODUCTION OF ORDINANCE NO. 1871:
Amending
Sections of Chapter 5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, and hookah lounges Environmental Determination:
The project is exempt pursuant to CEQA
Guidelines section 15061(b)(3) as there is no possibility that the activity may have a significant effect on the environment.
Staff Recommendation: Open the public hearing, receive testimony from the public, allow three (3) minutes for each speaker, and close the public hearing.
Staff Recommendation for Motion: Introduce Ordinance No. 1871.
Staff Report presented to Planning Commission on April 2nd.pdf
Public Comment on Ordinance No. 1871.pdf
Planning Commission Resolution No. PC 7-24.pdf
Ordinance No. 1871.pdf
13.B
PUBLIC HEARING: INTRODUCTION ORDINANCE NO. 1865
: Amending Chapter
18.60 of the Gardena Municipal Code and Sections of 5.08.170, 8.16.030 and
8.16.050 relating to temporary use permits and temporary events permits, and amending Section 5.04.160, 5.04.278, and 5.28.020 of Title 5 Environmental Determination:
The project is exempt pursuant to CEQA
Guidelines sections 15061(b)(3) and 15304, as there is no possibility that the activity may have a significant effect on the environment, and considered minor alterations to a land project.
RESOLUTION NO. 6659:
Adopting an application fee for Temporary Use and
Temporary Event Permits
Environmental Determination:
The project is exempt under Public Resources
Code Section 21080(B)(8) and CEQA Guidelines Section 15273.
Staff Recommendation: Open the public hearing, receive testimony from the public, allow three (3) minutes for each speaker, and close the public hearing.
Staff Recommendation for Motion: Introduce Ordinance No. 1865 and adopt Resolution No. 6659.
Staff Report presented to Planning Commission on April 2nd.pdf
Planning Commission Resolution No. PC 8-24.pdf
Ordinance No. 1865 with changes highlighted.pdf
Resolution No. 6659.pdf
Cost Detail Temporary Use Permit.pdf
Cost Detail for Temporary Event Permit.pdf
14. DEPARTMENTAL ITEMS - ELECTED & CITY MANAGER'S OFFICES
15. DEPARTMENTAL ITEMS - POLICE
16. DEPARTMENTAL ITEMS - PUBLIC WORKS
16.A
Reject all bids for the Gardena Rowley Park Basketball Rehabilitation Project, JN 530, and re-bid the project with modified requirements and/or scope.
Staff Recommendation: Reject all bids and re-bid.
JN 530_We R Builders Bid.pdf
JN 530_CS Legacy Bid.pdf
JN 530_Minco Bid.pdf
JN 530_Bid Tabulation.pdf
16.B
PUBLIC HEARING
:
RESOLUTION NO. 6655
: Confirming the Diagram and
Assessment contained in the Engineer's Report dated March 11, 2024, for the Gardena Artesia Boulevard Landscape Assessment District and ordering the levy of assessments on the same for Fiscal Year 2024-2025.
Staff Recommendation: Conduct Public Hearing; allow each speaker three (3) minutes; and Adopt Resolution 6655
Artesia_Landscaping_Distrct_Resolution_No._6655.pdf
16.C
PUBLIC HEARING
:
RESOLUTION NO. 6656
: Confirming the Diagram and
Assessment contained in the Engineer's Report dated March 11, 2024, for the Gardena Consolidated Street Lighting Assessment District and ordering the levy of assessments on the same for Fiscal Year 2024-2025.
Staff Recommendation: Conduct Public Hearing; allow each speaker three (3) minutes; and Adopt Resolution No. 6656
Consolidated_Street_Lighting_District_Resolution_No._6656.pdf
17. DEPARTMENTAL ITEMS - RECREATION & HUMAN SERVICES
18. DEPARTMENTAL ITEMS - TRANSPORTATION
19. COUNCIL ITEMS
20. COUNCIL DIRECTIVES
21. CITY MANAGER REMARKS RE: DIRECTIVES / COUNCIL ITEMS
22. COUNCIL REMARKS
1 .
COUNCIL MEMBER LOVE
2 .
MAYOR PRO TEM HENDERSON
3 .
COUNCIL MEMBER FRANCIS
4 .
MAYOR CERDA
5 .
COUNCIL MEMBER TANAKA
23. ANNOUNCEMENT(S)
24. REMEMBRANCES
25. ADJOURNMENT
The Gardena City Council will adjourn to the Closed Session portion of the City Council Meeting at 7:00 p.m. followed by the Regular City Council Meeting at 7:30 p.m. on Tuesday, May 14, 2024.
I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted in the City Hall lobby not less than 72 hours prior to the meeting. A copy of said Agenda is available on our website at www.CityofGardena.org
.
Dated this 19th day of April 2024
.
/s/ MINA SEMENZA
MINA SEMENZA, City Clerk
633 West Fifth Street
Suite 5880
Los Angeles, CA 90071
213.557.7222
www.rpnllp.com
Dave Rand
213.557.7224
[email protected]
April 18, 2024
VIA EMAIL
Carmen Vasquez
City Attorney
City of Gardena
[email protected]
Re: Urgent Request for Resolution of Potential Construction Delay on Housing Project at 12888 Crenshaw Boulevard
Dear Ms. Vasquez:
We represent Cityview (the “Developer”) which is in the process of developing a 265-unit multi- family housing project (“Project”) located at 12888 Crenshaw Boulevard in the City of Gardena (“Property”). The Project was approved in 2021 and the Developer has been issued a building permit and commenced construction in 2023. We request your immediate assistance in resolving an issue that has arisen regarding the need for a temporary tower crane airspace encroachment above the City’s right-of-way.
The Property is located on a constrained infill site, bordered on the north and south by developed parcels, to the east by the Dominguez Channel, and to the west by Crenshaw Boulevard.
Construction will require a tower crane and, due to the Site constraints, the tower crane will need to encroach above the City’s right-of-way. In the Developer’s extensive experience working on similar urban infill development projects throughout the state, this is common practice. To facilitate the erection and dismantling of the crane, the Developer has requested a limited and temporary additional northbound lane closure for two Saturdays, with the first closure needed on May 11, 2024. This will require a minor modification to the approved Traffic Control Plan. These events have been planned for weekends to avoid interference with work-week traffic.
On April 16, 2024, the City of Hawthorne issued an encroachment permit for the aerial encroachment of the tower crane into the City of Hawthorne. The City of Hawthorne took less than a week to review the Developer’s request and issue the permit, and the permit fee was $3,200 plus processing fees. The Federal Aviation Administration (FAA) has also approved the crane, which was necessary due to the Property’s proximity to the Hawthorne Municipal Airport. Finally, the Los Angeles County Flood Control District has advised they will approve aerial encroachment of the tower crane over the Dominquez Channel. The permit application is being processed now and we have been advised the permit fee will be approximately $1,600 plus processing fees.
Carmen Vasquez
April 18, 2024
The response from the City of Gardena Public Works Department has been much more concerning. After the Developer proposed multiple days and times to meet with city staff this week, the Director of Public Works responded that there was no reason to meet because the City had to “determine if this is something we would allow, and if so what would be required, such as would we need to require easements for the public right of way and other properties impacted by the crane.” He further stated that “Any approval will probably need to go to the City Council, and may need environmental analysis.” This clearly suggests a lengthy and protracted process that could cause substantial delays to the Developer’s construction schedule and impose significant unanticipated increased costs as a result.
With due respect to Mr. Rigg’s expertise, and as discussed further below, it is our opinion that the Developer’s request is routine and should not require City Council action or separate environmental analysis. It seems that an encroachment permit, temporary construction easement, and/or a minor modification to the approved Traffic Control Plan should be sufficient, which is how the vast majority of municipalities (in fact all other municipalities based on our experience) handle this type of request.
The City Council certified an Environmental Impact Report (“EIR”) when it approved this Project.
The EIR fully analyzes the potential impacts of constructing this project, including land closures and attendant construction traffic related impacts. No further environmental analysis should be required.
In fact, it likely unprecedented to require independent environmental analysis for such a standard and discrete – ministerially reviewed and approved – aspect of construction for a Project that was already studied through a full EIR.
Perhaps most importantly, the City Council has also already effectively weighed in on this Project through its approval of the Project entitlements including, specifically, a Development Agreement (“DA”). As you know, a DA is unique from garden variety entitlement approvals in that it establishes an ongoing contractual relationship between the Developer and the City. As a result, the City was able to obtain significant public benefits from this Project, including ongoing financial commitments which, but for the DA, would have been legally impossible for the City to extract. In exchange, the Developer also secured benefits including an extended term for the entitlements and a clear and express commitment by the City to expedite all pre and post construction related ministerial permits. Specifically, Section 6.1 of the DA obligates the City to process “all” construction-related permits - including encroachment permits - in an expedited manner:
6.1 Expedited Processing. The City shall process, at Developer's expense, in an expedited manner, all plan checking, excavation, grading, building, encroachment and street improvement permits, Certificates of Occupancy, utility connection authorizations, and other ministerial permits or approvals necessary, convenient or appropriate for the grading, excavation, construction, development, improvement, use and occupancy of the Project in accordance with the City's accelerated plan check process under the Applicable Rules. Without limiting the foregoing, if requested by Developer, the City agrees to utilize private planners and plan checkers (upon Developer's request and at Developer's cost) and any other available means to expedite the processing of Project applications, including concurrent processing of such applications by various City departments.
Carmen Vasquez
April 18, 2024
The Developer understands and fully appreciates that the City needs to ensure safety for pedestrians and motorists. We are therefore ready and willing to provide any additional information, safety commitments and/or assurances that the City may need to process these required permits, including providing any required indemnities or proof of insurance. As previously stated, the Developer has already obtained permits and clearances for the crane from multiple other jurisdictions and is prepared to engage in Gardena’s permitting process immediately, as needed.
Our hope is that we can meet with City staff immediately to resolve this matter given time is of the essence. If the City refuses to meet or otherwise delays this process, we believe that such actions will constitute a clear breach of Section 6.1 of the Development Agreement, putting the City in default.
While the Developer is prepared to pursue all available remedies under the Agreement, including the possibility of litigation, we hope that that will not be necessary and that we can move forward collaboratively and expeditiously.
We appreciate your attention to this matter and look forward to further discussions very soon.
Sincerely,
Dave Rand
Dave Rand
Partner
of RAND PASTER & NELSON, LLP
cc: Lisa Kranitz, Assistant City Attorney
TO BE PROCLAIMED ONLY
““ OOLLDDEERR AAMMEERRIICCAANNSS MMOONNTTHH ””
~~ MMAAYY 22002244 ~~
Every May, the nation celebrates Older Americans Month. Gardena is fortunate to have countless older Americans who enrich and strengthen our community; and t he City of Gardena is committed to engaging and supporting older adults, their families, and caregivers.
We acknowledge that communities benefit when people of all ages, abilities, and backgrounds are welcomed, included, and supported.
The theme for 2024 is Powered by Connection , which emphasizes the profound impact of meaningful interactions and social connection on the well -being and health of older adults in our community . Older adults continue to be a pillar of Gardena, which is why it is important that we explore the many ways that they can remain and be involved in our community. During this year’s Older Americans Month, we will explore the vital role that connectedness plays in supporting independence and aging in place by combatting isolation, loneliness, and other issues.
The City of Gardena can work to build an even better community for older residents by planning programs that encourage independence, ensuring activities are responsive to individual needs and preferences, and increasing access to services that support aging in place. By engaging and supporting all community members, we recognize that older adults play a key role in the vitality of our neighborhoods, networks, and lives. Connecting with others is one of the most important foundations of a community.
In support of this nationwide observance, I, Tasha Cerda, Mayor of the City of Gardena, California, am pleased to proclaim MMaayy 22002244, to be
““OOLLDDEERR AAMMEERRIICCAANNSS MMOONNTTHH””
in our City and encourage every resident to take time this month to recognize and honor the City of Gardena’s older adults and their immense influence and contributions on every facet of American society, to help build an inclusive society, and join efforts to support older Americans’ choices about how they age in their communities.
1 MINUTES
Regular Meeting of the
Gardena City Council
Tuesday, April 9, 2024
The Regular Meeting Notice and Agenda of the Gardena City Council of the City of Gardena, California, was called to order at 7:00 PM on Tuesday, April 9, 2024, in the Council Chambe r at City Hall 1700 West 162nd Street, Gardena, California; Mayor Tasha Cerda presiding.
1. ROLL CALL
Present: Mayor Tasha Cerda; Mayor Pro Tem Mark E. Henderson; Council Member Rodney G. Tanaka; and Council Member Paulette C. Francis. Council Member Wanda Love was not present and was on an excused absence. Other City Officials: City Manager Clint Osorio; City Attorney Carmen Vasquez; and Deputy City Clerk Becky Romero . City Clerk Mina Semenza was not present and was on an excused absence.
PUBLIC COMMENT ON CLOSED SESSION - None
2. CLOSED SESSION - None
CITY ATTORNEY REPORT OUT OF CLOSED SESSION - None
3. PLEDGE OF ALLEGIANCE
Cesar Doratt, Recreation Leader with the City of Gardena’s Recreation & Human Services Department, led us in the Pledge of Allegiance. Cesar has lived in Gardena for many years and attended Amestoy Elementary & Peary Middle School. His hobbies include swimming, hiking, powerlifting and kickboxing. He recently picked up photography and editing for fun.
Occasionally, he will help with the City’s Recreation Department by taking pictures at City events. He currently assists special needs students at George De La Torre Elementary in Wilmington.
4. INVOCATION
Reverend Bonnie P. Brandon, of The Church of the Holy Communion, led the Invocation.
5. PRESENTATIONS
5.A ELECTION OFFICIAL'S CERTIFICATION OF OFFICIAL CANVASS OF
MUNICIPAL ELECTION VOTES
RESOLUTION NO. 6661, Reciting the Fact of the General Municipal Election held on March 5, 2024, Declaring the Results and Such Other Matters as Provided by Law
RESOLUTION NO. 6661
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, RECITING THE FACT OF THE
GENERAL MUNICIPAL ELECTION HELD ON MARCH 5,
2024, DECLARING THE RESULTS AND SUCH OTHER
MATTERS AS PROVIDED BY LAW
2 City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
It was moved by Council Member Tanaka, and seconded by Council Member Francis and carried by the following roll call vote to Adopt Resolution No. 6661:
Ayes: Council Members Tanaka and Francis, Mayor Pro Tem Henderson, and Mayor Cerda
Noes: None
Absent: Council Member Love
The Oaths of Office were then given to the newly elected officials, Mark E.
Henderson, and Paulette C. Francis.
At 7:55p.m. Mayor Cerda announced that we would be taking a short recess to serve cake for the newly elected officials. The meeting resumed at 8:05p.m.
5.B Finance Committee Presentation – presented by Ray Beeman, Director of Administrative Services
Questions and comments were made by: Council Members Tanaka and Francis, Mayor Pro Tem Henderson, and Mayor Cerda. Director Beeman answered all questions.
5.C Certificate of Commendation in Special Recognition of Retirement and Long-Time Service to the City of Gardena:
(a) Luis Villanueva, Police Officer - 22 years (Gardena Police Department) – Chief Saffell spoke of all Officer Villanueva’s accomplishments and presented the certificate of recognition; Officer Villanueva accepted , thanked everyone and appropriate photos were taken.
5.D Gardena Events Video Presentation
6. PROCLAMATIONS
6.A “ Challenge the Norm and Influence of Marijuana Use on Youth Day” – April 20, 2024 – was accepted by Tracy Saruwatari
7. APPOINTMENTS - None
8. CONSENT CALENDAR
8.A Waiver of Reading in Full of All Ordinances Listed on this Agenda and that they be Read by Title Only
CONTACT: CITY CLERK
8.B Approve Minutes:
Regular Meeting of the City Council, March 26, 2024
CONTACT: CITY CLERK
3 8.C Approval of Warrants/Payroll Register, April 9, 2024 CONTACT: ADMINISTRATIVE SERVICES
April 9, 2024: Wire Transfer: 12673- 12685; Prepay: 175585; Check Numbers:
175586-175762 for a total Warrants issued in the amount of $7,757,180.09; Total Payroll Issued for April 5, 2024: $1,784,074.98
8.D Personnel Report P-2024-6 4-09-24
CONTACT: ADMINISTRATIVE SERVICES
8.E RESOLUTION NO. 6662, Approving Application for Specified Grant Funds from the Budget Act of 2023, 19.561(b)(44) $2,000,000 for the City of Gardena for the Renovation of the Mas Fukai Park Building Structure
CONTACT: ADMINISTRATIVE SERVICES
RESOLUTION NO. 6662
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, APPROVING APPLICATION FOR
SPECIFIED GRANT FUNDS FROM THE BUDGET ACT OF
2023, 19.561(B)(44) $2,000,000 FOR THE CITY OF
GARDENA FOR THE RENOVATION OF THE MAS FUKAI
PARK BUILDING STRUCTURE
8.F RESOLUTION NO. 6663, Approving Application for Specified Grant Funds from the Budget Act of 2023, 19.561(b)(57) $3,000,000 for the City of Gardena for the Rowley Park Gymnasium Renovation
CONTACT: ADMINISTRATIVE SERVICES
RESOLUTION NO. 6663
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, APPROVING APPLICATION FOR
SPECIFIED GRANT FUNDS FROM THE BUDGET ACT OF
2023, 19.561(B)(57) $3,000,000 FOR THE CITY OF
GARDENA FOR THE ROWLEY PARK GYMNASIUM
RENOVATION
It was moved by Council Member Tanaka, and seconded by Mayor Pro Tem Henderson and carried by the following roll call vote to Approve all Items on the Consent Calendar:
Ayes: Council Member Tanaka, Mayor Pro Tem Henderson, Council Member Francis, and Mayor Cerda
Noes: None
Absent: Council Member Love
9. EXCLUDED CONSENT CALENDAR
4 10. PLANNING & ENVIRONMENTAL QUALITY COMMISSION ACTION SHEET
10.A APRIL 2, 2024 MEETING
Environmental Impact Report; General Plan Amendment; Zone Change; Zone Text Amendment; Specific Plan; Site Plan Review; Vesting Tentative Map; Development Agreement, and Affordable Housing Agreement for the Normandie Crossing Specific Plan
Project Location: 16829, 16835, 16907, and 16911 S. Normandie Avenue, 16964 Brighton Avenue and 0.43 acre property located at the eastern edge of the specific plan area
Project Applicant: Fred Shaffer and Steve Ludwig – 16911 Normandie Associates, LLC
Commission Action: The Planning Commission made the following actions on this item by a 3-0- 2 vote, being Commissioners Langley and Wright -Scherr not being able to vote because of a conflict:
• The Planning Commission approved Resolution No. 4-24, recommending the City Council certify an Environmental Impact Report for the purposes of the project. • The Planning Commission approved Resolution No. 5- 24, recording the Commission’s 2 to 1 vote on recommendation of approving General Plan Amendment #3 -21. The vote of the Planning Commission does not constitute a recommendation of approval for the General Plan amendments. • The Planning Commission approved Resolution No. 6- 24, recommending the City Council deny the project entitlement requests other than the General Plan Amendment.
10.B APRIL 2, 2024 MEETING
Zone Text Amendment #3-24
Commission Action: The Planning Commission approved Resolution No. PC 7-24 recommending that the City Council on adopt Ordinance No.1871 to amend Chapter
5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, and hookah lounges and making a finding that the Ordinance is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b) (3).
10.C APRIL 2, 2024 MEETING
Zone Text Amendment #1-24
Commission Action: The Planning Commission approved Resolution No. 8- 24 recommending that the City Council to adopt Ordinance No. 1865 amending Gardena Municipal Code Chapter 18.60 and Sections 5.08.170, 8.16.030, and
8.16.050 relating to temporary use permits and temporary evens permits and amending section 5.04.160 and 5.04.278 relating to permits and finding the Ordinance to be categorically exempt from the provisions of the California Environmental Quality Act pursuant to Guidelines Section 15061(b)(3) and Section 15304 as a Minor Alterations to Land.
City Council Action: No action needed on these items. Each item will be brought forth to the Council for review at a future City Council Meeting date.
These Items were Received and Filed.
5 11. ORAL COMMUNICATIONS
1) Paul Randell, Director of Mama Rosa’s Food Pantry, came to give an update on the status of their food pantry.
2) Andrea Simental , Community Library Manager for Mayme Dear Library, came to announce programs and events taking place at both Mayme Dear and Masao W. Satao libraries.
11.A PUBLIC COMMENT
1) Deputy City Clerk Romero noted for the record that we received a public comment.
She stated that the email was received, distributed, and made part of the record.
12. DEPARTMENTAL ITEMS - ADMINISTRATIVE SERVICES
12.A Amendment to the Contract between the California Public Employees' Retirement System Board of Administration and the City of Gardena
a. RESOLUTION NO. 6660, Adopting the Resolution of Intention to Approve an Amendment to the Contract between Board of Administration of the California Public Employees' Retirement System and the City of Gardena b. INTRODUCE ORDINANCE NO. 1870 , Authorizing an
Amendment to the Contract Between the Board of Administration of the California Public Employees' Retirement System and the City of Gardena
RESOLUTION NO. 6660
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, ADOPTING THE RESOLUTION
OF INTENTION TO APPROVE AN AMENDMENT TO THE
CONTRACT BETWEEN BOARD OF ADMINISTRATION OF
THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM AND THE CITY OF GARDENA
ORDINANCE NO. 1870
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, AUTHORIZING AN AMENDMENT
TO THE CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF
GARDENA
City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Ordinance No. 1870 was Introduced by Council Member Tanaka.
6 It was moved by Council Member Tanaka, and seconded by Council Member Francis and carried by the following roll call vote to Adopt Resolution No. 6660 and Introduce Ordinance No. 1870:
Ayes: Council Members Tanaka and Francis, Mayor Pro Tem Henderson, and Mayor Cerda
Noes: None
Absent: Council Member Love
12.B Single Audit Report Required for Federally Funded Programs for Fiscal Year Ended June 30, 2023
City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Council Member Francis commented asking for confirmation that we did everything we were supposed t o for the audit , and that we are okay. City Manager Osorio confirmed that was correct.
Director Beeman presented a few slides.
This Item was Received and Filed.
13. DEPARTMENTAL ITEMS - COMMUNITY DEVELOPMENT
13.A Approval of Contract Services with Converse Consultants for Environmental Services Performed at 1112 W. Gardena Boulevard, Gardena, CA 90247
City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Council Member Francis had a question and asked if this will now be resolving all issues at this location. City Manager Osorio replied to her question. She then asked about a contingency fee and what if something else were to occur. Community Development Director Greg Tsujiuchi came up and answered all questions.
It was moved by Mayor Pro Tem Henderson, and seconded by Council Member Tanaka and carried by the following roll call vote to Approve the contract services with Converse Consultants in the amount of $50,846 for environmental services performed at 1112 W. Gardena Boulevard, Gardena, CA 90247:
Ayes: Mayor Pro Tem Henderson, Council Members Tanaka and Francis, and Mayor Cerda
Noes: None
Absent: Council Member Love
7 13.B Appeal of the Community Development Director's decision to deny Home-Sharing Rental Application #24-006
Mayor Cerda opened up the Appeal Hearing and went over the procedures . Deputy City Clerk Romero gave the Oath to the Appellants , Vera Povetina and Yegor Kochetov, and City staff, Community Development Director Greg Tsujiuchi, Building Official Mark Berg, and Economic Development Manager Jackie Choi.
Director Tsujiuchi then presented the case on behalf of the City.
Mayor Cerda then asked the Appellants to come up to present their case.
Mayor Cerda asked the Appellants if there was anything they would like to add or rebut. She then asked Director Tsujiuchi If there was anything further to present or rebut.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Council Member Francis asked for clarification of what they were not allowed to discuss. City Attorney Vasquez replied that there is currently a litigation case that Mariya Wrightsman has filed against the City regarding home sharing rentals, and the Appellants indicated tonight that they will be joining in on that lawsuit.
Questions and comments were made by Council Member Francis, Mayor Cerda, Mayor Pro Tem Henderson, and Council Member Tanaka, which the Appellants responded. Building Official Berg, and Director Tsujiuchi also responded to Council’s questions and comments. City Attorney Vasquez commented when Council needed clarification.
It was moved by Council Member Tanaka, and seconded by Mayor Pro Tem Henderson and carried by the following roll call vote to hold a hearing, receive testimony, and uphold the decision of the Community Development Director to deny the Home-Sharing Application (HSP) #24-006 and further directed staff to draft a Resolution reflecting the Council’s actions today which shall be presented at our next regularly scheduled meeting:
Ayes: Council Member Tanaka, Mayor Pro Tem Henderson, Council Member Francis, and Mayor Cerda
Noes: None
Absent: Council Member Love
Mayor Cerda then asked that we move Item 19.A out of order by the following roll call vote:
It was then moved by Mayor Pro Tem Henderson, and seconded by Council Member Tanaka to move Item 19.A out of order:
Ayes: Mayor Pro Tem Henderson, Council Members Tanaka and Francis, and Mayor Cerda
Noes: None
Absent: Council Member Love
8 19. COUNCIL ITEMS
19.A RESOLUTION NO. 6664, A Resolution of the City Council of the City of Gardena California, In Support of An Enduring Ceasefire in Gaza
RESOLUTION NO. 6664
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, IN SUPPORT OF AN ENDURING
CEASEFIRE IN GAZA
City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
There four (4) speakers who spoke in favor of the Resolution:
Timothy Beyer, Margie Hoyt, Dawn Petty, and Melanie Cohen
Comments were made by Council Member Francis, Mayor Pro Tem Henderson, Mayor Cerda, and Council Member Tanaka. City Manager Osorio and City Attorney Vasquez replied to the questions being asked by Council. Mayor Pro Tem Henderson then asked if we could modify the resolution to include other cities.
It was moved by Council Member Francis , there was no second; the motion died.
Mayor Pro Tem Henderson then asked if he could propose an alternate resolution to include some of the other areas that experiencing potential genocide to include the Democratic Republic of the Congo, Haiti, Ukraine, and Rwanda.
Council Member Francis questioned the amendment. She then asked for clarification of what Mayor Pro Tem Henderson is doing.
City Attorney Vasquez replied and then asked for clarification of Mayor Pro Tem Henderson’s position and recommended that he make a directive and have staff amend the resolution and bring it back to a future Council meeting.
14. DEPARTMENTAL ITEMS - ELECTED & CITY MANAGER'S OFFICES
14.A INTRODUCTION OF ORDINANCE NO. 1869 , Adding Chapter 2.70 to Title 2 of the Gardena Municipal Code relating to Statements of Economic Interest and Electronic and Paperless Filing of Campaign Disclosure Statements
ORDINANCE NO. 1869
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, ADDING CHAPTER 2.70 TO
TITLE 2 OF THE GARDENA MUNICIPAL CODE RELATING
TO STATEMENTS OF ECONOMIC INTEREST AND
ELECTRONIC AND PAPERLESS FILING OF CAMPAIGN
DISCLOSURE STATEMENTS
9 City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Questions and comments were made by Council Member Francis and Mayor Pro Tem Henderson. Deputy City Clerk Romero responded to all questions. City Manager Osorio and City Attorney Vasquez also commented.
Ordinance No. 1869 was introduced by Council Member Francis.
It was moved by Council Member Francis , and seconded by Mayor Pro Tem Henderson and carried by the following roll call vote to Introduce Ordinance No. 1869:
Ayes: Council Members Francis, Mayor Pro Tem Henderson, Council Member Tanaka, and Mayor Cerda
Noes: None
Absent: Council Member Love
15. DEPARTMENTAL ITEMS – POLICE – No Items
16. DEPARTMENTAL ITEMS - PUBLIC WORKS
16.A Approve and Authorize Director of Public Works to execute an Authorization for Crossing Improvements between the City of Gardena and Union Pacific Railroad for the Normandie Avenue Railroad Crossing Improvement Project JN 540.
Additionally, approve Budget Appropriation of $110,000 from Gas Tax
City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Council Member Francis asked how this project will impact traffic, and will our residents get some kind of notice. Public Works Director Allan Rigg came up and answered all questions.
It was moved by Council Member Tanaka, and seconded by Mayor Pro Tem Henderson and carried by the following roll call vote to Authorize the Director of Public Works to Execute an Authorization for Crossing Improvements with UPRR; Approve Budget Appropriation:
Ayes: Council Members Tanaka, Mayor Pro Tem Henderson, Council Member Francis, and Mayor Cerda
Noes: None
Absent: Council Member Love
16.B Reject all bids for the Rosecrans Community Center Project, Chase Building Demolition Phase, JN 505, and re-bid the project.
10 City Manager Osorio presented the Staff Report.
Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any comments or questions. There were no public speakers.
Questions and comments were made by Mayor Pro Tem Henderson, Council Member Francis, and Mayor Cerda regarding the rejection of bids; City Manager Osorio and City Vasquez replied to their questions.
It was moved by Council Members Francis, and seconded by Council Member Tanaka and carried by the following roll call vote to Reject all bids and rebid:
Ayes: Council Members Francis and Tanaka, Mayor Pro Tem Henderson, and Mayor Cerda
Noes: None
Absent: Council Member Love
17. DEPARTMENTAL ITEMS - RECREATION & HUMAN SERVICES – No Items
18. DEPARTMENTAL ITEMS – TRANSPORTATION – No Items
19. COUNCIL ITEMS
19.A RESOLUTION NO. 6664 – This Item was heard after Agenda Item 13.B
20. COUNCIL DIRECTIVES
Council Member Henderson
Subject: To rewrite Reso No. 6664 to include the countries of Democratic Republic of the Congo, Haiti, Ukraine, and Rwanda.
Purpose - To include the other countries dealing with strife.
Reason - Piggybacking off Reso No. 6664 to make sure everyone knows that Gardena is known as a global city.
Benefit - Could raise quality of life and raise community morale and understands that Gardena wants to keep everyone safe.
Council Member Francis seconded it.
City Attorney Vasquez asked Mayor Pro Tem Henderson if he was agreeable if this Resolution comes back to our first meeting in May. He stated he is agreeable.
21. CITY MANAGER REMARKS RE: DIRECTIVES / COUNCIL ITEMS
1) A Memo in which a directive was given by Council Member Love regarding livestreaming of the Planning Commission Meetings.
11 22. COUNCIL REMARKS
1) MAYOR PRO TEM HENDERSON – Since their last meeting, he had the honor of being the moderator for the South Bay Cities Council of Governments General Assembly where the topic was AI, Friend, or Foe, in public sector. In speaking with the City Manager earlier, he definitely wants to encourage our staff to start figuring out ways on how artificial intelligence can help us be more efficient to our offerings to our community. He was in a presentation today and shared that a few cities are using AI to handle a lot of the rudimentary issues and questions that are addressed by the community which allow staff to then spend more time on real complex community issues and they were receiving high remarks from the community regards to their responsiveness. He said AI may not fit in every department or every function, but it’s something we should start looking at.
He attended the SCAG Community Economic Housing Development Committee meeting, as well as the Regional Council Meeting representing Gardena, Inglewood and Hawthrone. At SCAG he had his ICA Board Meeting, E -Board Meeting, he wanted to congratulate the Gardena Police Foundation Scholarship recipients, some great work, and he wanted to thank the Gardena Police Foundation for providing funding for those that are going to be beginning their r eticulation journey through college and everything so that’s a great opportunity. He attended the 34
th Annual Southern California Air Quality
Management District Air Awards, where he was able to talk to folks about air quality and different things in regards to what Gardena can do to start working on our air quality because we have been labeled a community that has some air quality issues that we need to address. He definitely wanted to say thank you to the City of Gardena for giving him the opportunity to be the MC of our Wall That Heals ceremony, recognizing the Vietnam veterans, he thinks that’s really important for us to recognize those that made the ultimate sacrifice and also acknowledge the families that were impacted by the loss of their family member because that hurt and pain never goes away. He also did his community and business visits and lastly, he wanted to say thank you to the citizens of Gardena for re- electing him for a final term, he realizes we still have more work to do and he’s up for the challenge so again, he wants to say thank you and he’s ready to get back to work.
2) COUNCIL MEMBER FRANCIS – Since their last meeting, she attended the Martin Luther King Jr. Culture Committee meeting, the Gardena Holly Park Homeowners Association meeting, and the Region 18 meeting of the Los Angeles County Democratic Party. She just wanted to say that the folks that attended the meeting at Nakaoka were very impressed with our facilities, they said it was very nice and the staff was wonderful so she wanted to thank the staff for everything. She visited the Wall That Heals and she’s glad we had another opportunity to see it because she thinks it’s important that we remember the men and women that made the ultimate sacrifice for our country. She said the number of people lost to that war is overwhelming to her and she just thinks of all the empty chairs at the dinner table across the years and children that won’t get to see grandparents and she hopes and prays that we never have to go through that type of war again. To our Vietnam veterans she thanked them for their service and sacrifice.
She, too, wanted to give a special thank you and shout out to everyone that supported her re-election for her second term to Gardena City Council and she’s had some long conversations on what they can do to continue to make Gardena a great city to live, work, and play.
12 3) COUNCIL MEMBER TANAKA – Since their last gathering he attended our Finance Committee meeting with the city and he wanted to thank Mr. Beeman, our City Attorney and the staff that put the presentation on, it just shows what forward thinking minds we have when it comes to the finances of our city, so he thanked all of them for keeping us in the black. He attended the COG’s General Assembly at the Carson Community Center and he gave a thank you to Mayor Pro Tem Henderson for a great job moderating that.
The keynote speaker was Congressional Member Ted Lieu and he believes this was the best General Assembly that they’ve put on since he’s been a part of the COG and said it’s going to be a hard shoe to fill next year, but they’re working on it. He attended the Battle of the Badges blood drive, and thanked Chief Saffell and his staff for putting that on, as well as the retirement ceremony for Officer Villanueva, he said it was well deserved for all the things he has done as an officer for this city and all the people that he’s touched, especially the young people in our schools so congratulations. He was honored to be asked to attend the Wall That Heals event that started at Mar Vista School in El Segundo, they asked him to pray for that wall and its journey through El Segundo to Gardena and he was very touched that he was asked to do that. He said it was a great event to pay tribute to 58,000 fallen on that wall, some that he went to high school with are on that wall. He continued by thanking all the veteran motorcycle groups, California Highway Patrol and members of the Gardena Police Department that escorted that wall from El Segundo to Johnson Park and he wanted to thank the city staff and the volunteers that watched over that wall for 24 hours a day for the days it was at Johnson Park just making sure it was safe and allowing people to come any time of the day or night just to visit. It was a tribute that he appreciated people going to and he thanked all the veterans and their families for the service to our country and he said the Gold Star Family that did a presentation there was totally touching and he doesn’t think there was a dry eye in the place, once again he said thank you all for your service and God bless you. He attended the Gardena Police foundation scholarship event, it was a great event to see all the kids with above 5.0 GPAs going to great schools and it’s good to see our Police Foundation supporting our youth to become future leaders in our communities. He attended the COG Steering Committee meeting and Director Stephany Santin and her staff were commended for a visit that they made regarding our senior services and the things that we put on, they were totally amazed at how many events that our city puts on for our seniors and he believes Stephany is going to be asked to be showcased by other cities coming here and seeing what she does so he thanked her for representing us as the Emerald City. Lastly, he was honored to attend the celebration of life for Mr. Raymond Cordova, who is considered the Godfather of Labor, and it was held at the IBEW Local 11, known as the House of Labor. Mr. Cordova was a huge part of the South County Labor group and a true supporter of local union labor, he touched almost every politician in the State of California and some of the Congress people, Senators, Assembly people, he was a huge person that supported them and on his behalf they attended. It went on from 11 am to almost 4 pm with all the people that had things to say about him so he’s sure he had responsibility for success for many of the political figures in office today. He was proud on behalf of the M ayor, City Council, and the City of Gardena that they presented a certificate of recognition in his honor to a really distinguished man.
4) MAYOR CERDA – Since the last C ouncil Meeting she attended our quarterly finance meeting and she just wants to thank the staff for doing a great job in presenting all the information to the finance group and as everyone saw they had the simple version of it there just to show how we’re doing in the city. She was invited to attend the installation of the Inglewood Board of Realtors for the president executive board for 2024. She attended the retirement celebration for Officer Villanueva that was held in the PD parking 13 lot and Louis has touched so many people in this city including C ouncil Members and residents and definitely the kids. She attended the Inka Lions Club meeting that was held here in the City of Gardena at the Nakaoka Community Center, and they are a group that is so appreciative of the fact that they can use our facilities just to be able to have their meeting so she’s glad we’re able to offer that for our local community groups. She attended the Spirit of St. Mary’s banquet where they recognize several medical professionals in the City of Long Beach, more specifically that have helped out the Cambodian community and one of our commissioners here in Gardena who is a big part of that invited her to attend and it was nice to see how many people go over and beyond to help out folks that are at a disadvantage and making sure that they have the proper healthcare that they need. She also attended the Gardena Police Foundation scholarship awards that were presented to the young people. It was really awesome and put together by our business community and the scholarship award that they do has grown even bigger every year and she definitely encourages businesses to consider joining our foundation because they’re doing really great things. She attended the Wall That Heals opening, as well as, the closing ceremony and once again she’s honored by the fact that we were able to have the Wall That Heals here in Gardena and all the volunteers, everybody who was involved in that she extended a thank you. She wanted to give a special shout out to one of our departments here, she had a resident mention to her that the passport services the City Clerk’s Office offers is wonderful. He said it took the stress off of having to go to the Federal Building in Los Angeles away and everyone in the office was very polite and made the experience wonderful for him so she just wanted to give the City Clerk’s Office a special thanks because it was more than just the passports, he said they had the best personalities. She wanted to apologize for missing the big COG event, but everybody went and everybody was talking about how great it was so she’s glad to know they had a great event. The last thing she wanted to mention is that earlier that night they had a speaker about the pantry and how he felt bad he had to turn people away, she wanted people to be aware that Gardena does have their own pantry as well, so if there are people out there who are hungry they can visit our pantry through our Human Services Department and we also have resources for some of our churches in the area that also have food as well that they can give out to those who are in need so she doesn’t want people to walk away from their meetings thinking that there’s no services like that available, they may not be quite as large as the one the speaker mentioned, but there are still avenues that we can help you with in the City of Gardena.
23. ANNOUNCEMENT(S)
Mayor Cerda announced:
1) Dementia Friends Event, Thursday, April 11, 2024 from 3:00-4:00p.m. at the Nakaoka Community Center;
2) T herapeutic Recreation Program (TRP) Carnival Funday, Friday, April 12, 2024 from 11:00 a.m. to 1:00 p.m. at the City Hall Complex;
3) Community Yard Sale – Saturday, April 13, 2024 from 7: 00a.m. to 12:30p.m. at Mas Fukai Park in Gardena;
4) Gardena Police Department Education Series - Assembly Bill 481, Monday, April 15, 2024 at 6:30 p.m. at the Nakaoka Community Center;
5) 2024 Spring Carnival, Friday, April 19 through Sunday, April 21, 2024 at Mas Fukai Park;
6) Compost Giveaway, Saturday, April 20, 2024 from 8:00 a.m. to 12:00 p.m. at Rowley Park;
14 7) Earth Day Clean U p, Saturday, April 20, 2024 from 8:00- 11:00 a.m. at the Willows Wetland Preserve;
8) Paper Shredding Event , Saturday, April 27, 2024 from 8:00 a.m. to 12:00 p.m.at the City Hall Complex;
9) DEA National Rx Takeback day, April 27, 2024 from 10:00 a.m. to 2:00 p.m.; Drop off Location: Gardena Police Department; and
10) Cinco De Mayo Parade, May 4, 2024, starts at 10:00 a.m., begins at Gardena Market.
24. REMEMBRANCES
Mr. Raymond L. Cordova, 84 years of age, and a Vietnam War Veteran. Mr. Cordova laid the foundation of the modern labor movement in LA County and became known as the “Godfather of Labor.”
25. ADJOURNMENT
At 11:32 p.m., Mayor Cerda adjourned the Gardena City Council Meeting to the Closed Session portion of the City Council Meeting at 7:00 p.m., and the Regular City Council Meeting at 7:30 p.m. on Tuesday, April 23, 2024.
MINA SEMENZA
City Clerk of the City of Gardena and
APPROVED:
Ex-officio Clerk of the Council
______________________________ By:___________________________ Tasha Cerda, Mayor Becky Romero, Deputy City Clerk
5 MINUTES
Regular PEQC Meeting Notice and Agenda of the
Planning and Environmental Quality Commission
Tuesday, March 19, 2024
The Regular PEQC Meeting Notice and Agenda of the Planning and Environmental Quality Commission of the City of Gardena, California, was called to order at 7:04 PM on Tuesday, March 19, 2024, in the 1700 W. 162nd Street, Gardena, California.
1. CALL MEETING TO ORDER
The meeting was called to order at 7:04 PM
2. PLEDGE OF ALLEGIANCE
Chair Henderson led the Pledge of Allegiance
3. ROLL CALL
Present: Chair Henderson; Vice Chair Langley, Commissioner Steve Sherman; Commissioner Jules Kanhan; Commissioner Ronald Wright-Scherr
4. APPROVAL OF MINUTES
None.
5. ORAL COMMUNICATIONS
No members of the public wished to speak to the Planning Commission at this time.
6. PUBLIC HEARING ITEMS
6. A Environmental Impact Report (Environmental Assessment #20-21); General Plan Amendment #3-21; Zone Change #4-21; Zone Text Amendment #6-21; Specific Plan #1-21; Site Plan Review #11-21; Vesting Tentative Map #4-21; Development Agreement #2-21, and Affordable Housing Agreement.
The applicant is requesting the approval of a Specific Plan (SP #1-21) that provides for development of approximately 5.3-acres for up to 403 residential dwelling units.
The project proposed to remove all existing onsite structures (approximately 115,424 square feet (SF) of industrial uses) and, in their place, construct 328 apartment units in a seven-story apartment building and 75 three-story townhome units within ten buildings. The applicant’s request includes a General Plan Amendment (GPA #3-21) to change the land use designation on the Gardena General Plan Land Use Map from Industrial and Industrial with a High Density 30 Overlay to “Specific Plan”; a Zone Change (ZC #4-21) to replace the existing zoning designation of General Industrial (M-2) and General Industrial (M-2) with a Housing Overlay 4 (HO-4) with the Normandie Crossing Specific Plan zone and Zone Text Amendment (ZTA #6-21) to amend the text of the Gardena Municipal Code to add this new zone; a Site Plan Review (SPR #11-21) of the physical design of the development which is incorporated in the Specific Plan; a Vesting Tentative Tract Map (VTM #4-21) to combine four lots into two and create one parcel for the apartment building and one parcel for the townhome-style buildings with the ability to create condominiums on the 75 townhome-style units; a Development Agreement (DA #2-21) between the City and developer that guarantees the right to build the development as set forth in this Specific Plan for a period of 10 years and provides community benefits to the City including affordable housing and a monetary payment. The Project will require an Affordable Housing Agreement to guarantee the affordability of the 20 lower- income units for a period of 55 years.
As part of the project, the City is considering the Zoning Map and General Plan Land Use map amendments of two separate parcels, immediately adjacent to the project site, to correspond to the existing land uses within each parcel. The first is a change to the residential parcel at 16964 West 179th Street, from a General Industrial (M-2) designation to Single-Family Residential (R-1). The second is a change to the Union Pacific Railroad parcel immediately adjacent and east of the project site, from a Genera Industrial (M-2) designation to Official (O).
Approval of these items requires certification of an Environmental Impact Report (EA # 20-21), adoption of a Mitigation Monitoring and Reporting Plan, CEQA Findings, and a Statement of Overriding Considerations.
Project Location: 16829, 16835, 16907, and 16911 S. Normandie Avenue (APN:
6106-030-011, 015, 016, and 017)
Project Applicant: Fred Shaffer and Steve Ludwig – 16911 Normandie Associates,
LLC
Other Project Locations: 16964 Brighton Avenue (APN: 6106-030-008) and unaddressed Union Pacific Railroad parcel (APN: 6106-030-800) Staff Report (16911 Normandie)PC.pdf A - Draft Planning Commission Resolution for EIR Certification.pdf Exhibit 1 - City Council CEQA Resolution Exhibit A - Draft EIR.pdf
Exhibit B - Final EIR.pdf
B - Draft Planning Commission Resolution for General Plan Amendment.pdf Exhibit 1 - City Council General Plan Amendment Resolution C - Draft Planning Commission Resolution for Project.pdf Exhibit A - City Ordinance for Normandie Crossing Specific Plan Zone Change for ZC #4-21
Exhibit B - City Council Resolution for approval of Tentative Tract Map.pdf Exhibit C - Normandie Crossing Specific Plan.pdf Exhibit D - Conditions of Approval
Exhibit E - Development Agreement
Exhibit F - Draft Affordable Housing Agreement
Economic Analysis Report prepared by RCLCO.pdf
Public Comments
Project Plans.pdf
Vice Chair Langley and Commission Wright-Scherr disclosed and recused themselves from the public hearing as they live within 500 feet of the proposed project site.
Community Development Manager, Amanda Acuna, presented staff’s report on the proposed project to the Planning Commission.
Rita Garcia, the City’s environmental consultant, presented an overview of the Environmental Impact Report (EIR) that was prepared for the project to the Planning Commission.
Ms. Acuna then stated that it was staff’s recommendation that the Planning Commission:
1) Conduct the public hearing;
2) Receive testimony from the public;
3) Recommend to the City Council to certify the FEIR and adopt a Mitigation Monitoring and Reporting Program, Findings Relating to Alternatives and Mitigation Measures, and a Statement of Overriding Considerations for purposes of the project; 4) Make a recommendation on the following:
a) Whether to approve General Plan Amendment #3-21, which includes the changes to the two adjacent properties.
b) Whether to approve the remaining requested entitlements under the project: Zone Change #4-21 which includes the changes to the two adjacent properties; Zone Text Amendment #6-21; Specific Plan #1-21; Vesting Tentative Map #4-21; Site Plan Review #11- 21; Development Agreement #2- 21; and Affordable Housing Agreement subject to the attached conditions of approval.
Chair Henderson opened the public hearing.
The applicants, Steven Ludwig, Dave Rand, and Fred Shaffer spoke to the Commission about the projects and reasons for requesting approval of the entitlements.
Chair Henderson asked a question to the City’s environmental consultant on the trip distribution and how the access points were determined.
Ms. Garcia responded that the access points themselves were a part of the project's design, and went on to say that CEQA no longer considered Level of Service analysis, however, added that a traffic impact analysis was prepared by the applicant for the project and included as an appendix to the EIR. She went on to say that there is a threshold under CEQA in the transportation section that looks at the potential for any potential transportation related hazards and that the EIR did look at the project site's access points and their relationship to sidewalks, to other transportation-related matters, including the railroad; the report determined impacts would be less than significant through the coordinated effort that occurred between the applicant, the city, the railroad company, and CPUC.
Mr. Rand expanded on Ms. Garcia’s response stating that there was an analysis conducted thoroughly by Fehr and Peers to determine whether a new signal light would be warranted at that intersection based on the traffic volumes that would be created by the project, and the circulation generated by the various housing units and residents in the direction they'd be going in and out. After that was looked at, it was determined that the signal was not warranted in particular because it was too close to another existing signal; and added that there’s a certain distance that would need to be to achieved in order to have a new signal warranted. Mr. Rand then went on to say that traffic impact analysis looked at the existing circulation patterns then took into account the anticipated traffic that would be generated from the apartments and townhome users and the distribution of that traffic, and it was determined that a new traffic signal was not warranted or desirable. He added that the access off of Normandie Avenue was a right-in and right-out only.
Chair Henderson asked the applicant whether they provided the information regarding the traffic impact analysis to the public at the community meetings they held.
Mr. Rand answered that all of these documents were disclosed as part of the City’s process and that the traffic data was attached as an appendix and was circulated as part of the CEQA process. He went on to say that the traffic report was one of the documents and studies that were required to produce to show the community the potential for impacts and that the city required the analysis.
Chair Henderson wanted clarification on the number of stories the project will have and whether there will be subterranean parking
Mr. Rand responded that the project is two levels of parking with five levels of apartments over it. and that there would be a parking ratio of about 1.2 spaces per unit.
He went on to say that this ratio is right where the Institute of Transportation Engineers' latest
addition suggests apartment parking should achieved and that it is a blended rate that includes areas that are not infill like the City.
Chair Henderson then asked staff how many speaker cards were received from those in attendance wishing to speak on this matter.
Planning Assistant, Kevin La, stated that there were a total of 17 speaker cards received thus far.
At that time Chair Henderson asked members of the public to limit their comments to two minutes.
Silvio Carrara, Aileen Araki, Annie Roddy, John Hydro, Cory Shiuzaki, Michael Hall, Kerry Dei, Hideki Obayashi, Jessie Carrara, Cynthia Stevens, Patricia McCauley, and Carrie Ishitani all voiced their opinions against the project to the Planning Commission.
Eduardo Padilla, Gregoro Hernandez, and Brandon Smith voiced their opinions in favor of the project to the Planning Commission.
Travon Oliver, Corey Crockenham, and Maria Coronado voiced their opinions on hiring local contractors for the development of the project to the Planning Commission
Assistant City Attorney, Lisa Kranitz, stated to the Chair that the applicants should be given a chance to respond to the comments received and heard.
Mr. Rand responded to the public comments, acknowledged their concerns, and stated that the main concern of traffic and parking was thoroughly researched and studied through the traffic analysis and that the number of residential units will help with providing more housing in the City of Gardena.
Commissioner Kanhan inquired how long the project would take to complete construction.
Mr. Shaffer stated that the EIR estimated three years for construction.
Chair Henderson asked why there is a term limit on affordable housing.
Mr. Shaffer answered that a 55-year term limit for affordable housing is the normal standard for low-income units for a deed restriction.
Ms. Kranitz elaborated that the required 55 years is in line with the density bonus law for affordable rental housing.
Commissioner Sherman questioned how much rent would be for the market rate units.
Mr. Shaffer stated that the rent will be determined by the market rate similar to other projects that were recently constructed in the City of Gardena.
Mr. Ludwig added that the market rate townhome units, while not deed restricted at an affordable level, would fall within the FHA financing limits and allow first-time home buyers to put down roughly three and a one-half percent of the purchasing price.
Chair Henderson closed the public hearing.
Chair Henderson voiced his concerns about the project and that he would like to see a reduction in the number of residential units.
Commissioner Sherman stated that he was not in favor of the project as he felt the seven-story apartment building was too large for that neighborhood which included single-family residential units.
Commissioner Kanhan expressed his concerns about the height of the apartment building and would like to see a reduction in stories to improve the project.
Chair Henderson explained that the project would assist in the housing issues that Gardena faces, but currently, there are too many units proposing 328 units on the property, but would still like to certify the EIR.
MOTION: It was moved by Commissioner Kanhan and seconded by Chair Henderson to direct staff to bring forth a resolution recommending the City Council certify the Final Environmental Impact Report for the purposes of the project.
The motion was passed by the following roll call vote:
Ayes: Kanhan, Henderson, Sherman
Noes:
Abstain: Langley, Wright-Scherr
MOTION: It was moved by Chair Henderson and seconded by Commissioner Kanhan to direct staff to bring forth a resolution recommending the City Council approve
MINUTES
Regular PEQC Meeting Notice and Agenda of the
Planning and Environmental Quality Commission
Tuesday, April 2, 2024
The Regular PEQC Meeting Notice and Agenda of the Planning and Environmental Quality Commission of the City of Gardena, California, was called to order at 7:03 PM on Tuesday, April 2, 2024, in the 1700 W. 162nd Street, Gardena, California.
1. CALL MEETING TO ORDER
The meeting was called to order at 7:03 PM.
2. PLEDGE OF ALLEGIANCE
Chair Henderson led the Pledge of Allegiance.
3. ROLL CALL
Present: Commissioner Ronald Wright-Scherr; Commissioner Jules Kanhan; Commissioner Steve Sherman; Vice Chair Stephen P Langley; Chair Deryl Henderson;
ELECTION OF CHAIR AND VICE CHAIR
Vice Chair Langley nominated and made a motion to elect Chair Henderson for the position of Chair and Commissioner Kanhan seconded the motion.
The motion was passed by the following roll call vote:
Ayes: Langley, Kanhan, Wright-Scherr, Sherman, Henderson Noes:
Vice Chair Langley nominated and made a motion to elect Commissioner Wright-Scherr for the position of Vice Chair. Chair Henderson seconded the motion.
The motion was passed by the following roll call vote:
Ayes: Langley, Henderson, Sherman, Kanhan, Wright-Scherr Noes:
4. APPROVAL OF MINUTES
None
5. ORAL COMMUNICATIONS
No members of the public wished to speak to the Planning Commission at this time.
6. OTHER MATTERS
6.A Environmental Impact Report (Environmental Assessment #20-21); General Plan Amendment #3 -21; Zone Change #4 -21; Zone Text Amendment #6- 21; Specific Plan #1- 21; Site Plan Review #11- 21; Vesting Tentative Map #4- 21; Development Agreement #2- 21, and Affordable Housing Agreement for the Normandie Crossing Specific Plan
Project Location: 16829, 16835, 16907, and 16911 S. Normandie Avenue (APNs:
6106-030-011, 015, 016, and 017 ), 16964 Brighton Avenue (APN:6106-030 -008) and 0.43 acre property located at the eastern edge of the specific plan area (APN:
6106-030-800
Project Applicant: Fred Shaffer and Steve Ludwig – 16911 Normandie Associates, LLC
Resolution No. PC 4 -24, Recommending the city council certify an environmental impact report for the Normandie Crossing Specific Plan Project located at 16829, 16835, and 16907 South Normandie Avenue and land use and zoning changes for the 0.11 acre property located at 16964 Brighton Avenue and the 0.43 acre property located to the east of the project site
Resolution No. PC 5-24, Recording their vote on amending the land use plan of the City of Gardena General Plan by changing the land use designation of the 5.25 acre property located at 16829, 16835, and 16907 South Normandie Avenue to Specific Plan, changing the land use designation of the 0.11 acre property located at 16964 Brighton Avenue to Single Family Residential, changing the land use designation of the 0.43 acre property located at the eastern edge of the specific plan area to Public/Institutional and making minor text changes primarily relating to specific plans and recommending that the City Council take this vote into consideration.
Resolution No. PC 6-24, Recommending the City Council deny the approvals for the Normandie Crossing Specific Plan Project (consisting of an amendment to the Gardena Municipal Code and zoning map, adoption of the Normandie Crossing Specific Plan, including the site plan contained therein, a vesting tentative tract map, a development agreement, and an affordable housing agreement) and recommending the City Council deny rezoning the 0.11 acre property located at 16964 Brighton Avenue and rezoning the 0.43 acre property located at the eastern edge of the specific plan area.
Amanda Acuna, Community Development Manager, provided a brief presentation on the resolutions for the Normandie Crossing Project.
Fred Shaffer, the applicant, stated they are not planning to move forward to the City Council with the Normandie Crossing Project as currently proposed. He is seeking to engage with planning staff and members of the community to discuss how to potentially alter or modify the project.
Mr. Smith, Mr. Hydro, Mrs. Ishitani, and Mrs. Nakauo, members of the community, voiced their concerns on the development of the Normandie Crossing Project, which included traffic concerns and compatibility with existing surrounding development.
Mr. Shiozaki, Mr. Obayashi, and Mrs. Cauley, other members of the community, expressed their opposition to the Normandie Crossing Project.
Chair Henderson stated to members of the public that the Commission at the previous meeting had made a motion to recommend denial to the City Council for those entitlements being requested by the applicant, and that they were ratifying their decisions at this meeting.
Assistant City Attorney Lisa Kranitz indicated that the project in its current configuration will not go forward to the City Council, as explained by the applicant.
Motion: It was motioned by Commissioner Kanhan and seconded by Chair Henderson to adopt Resolution No. 4-24 recommending to City Council to certify an Environmental Impact Report for purposes of the project.
The motion was passed by the following roll call vote:
Ayes: Kanhan, Henderson, Sherman
Noes:
Abstain: Langley, Wright-Scherr due to conflict of interest.
Motion: It was motioned by Commissioner Kanhan and seconded by Chair Henderson to adopt Resolution No. PC 5-24 , recording the Commission’s 2 to 1 vote on recommending approval of General Plan Amendment #3-21.
The motion was passed by the following roll call vote:
Ayes: Kanhan, Henderson, Sherman
Noes:
Abstain: Langley, Wright-Scherr due to conflict of interest.
It is noted that the vote of the Planning Commission did not constitute a recommendation of approval for the General Plan amendments. The Planning Commission recommended that the City Council take the vote of the Planning Commission into consideration in making its decision on the project.
Motion: It was motioned by Chair Henderson and second by Commissioner Kanhan to adopt Resolution No. PC 6-24 recommending the City Council deny the project entitlement requests other than the General Plan Amendment.
The motion was passed by the following roll call vote:
Ayes: Henderson, Kanhan, Sherman
Noes:
Abstain: Langley, Wright-Scherr due to conflict of interest.
The Commission broke for a short recess.
Call meeting back to order 7:45 PM.
7. PUBLIC HEARING ITEMS
7.A ZONE TEXT AMENDMENT #3-24
Resolution No. PC 7-24: Recommending the City Council adopt Ordinance No.1871 to amend Chapter 5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, and hookah lounges and making a finding that the Ordinance is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3)
Ms. Acuna, presented on staff’s report for Zone Text Amendment #3-24 to the Planning Commission.
Chair Henderson asked if smoke shops are reviewed and approved by the Police Department.
Ms. Acuna stated that the requests for a tobacco retail permit is processed by the Community Development Department and reviewed by the Police Department.
Chair Henderson opened the public hearing.
Mr. Inocencio expressed his desire to operate his current retail business as a significant tobacco retailer business within the City.
Commissioner Kanhan asked if the resolution would be for new businesses or for existing businesses.
Community Development Director, Greg Tsuijiuchi explained there were currently sixteen significant tobacco retailers in the City of Gardena that the existing retailers that are licensed would not be shut down. He went on to say that this Ordinance would prohibit any new significant tobacco retailers. Hookah lounges and cigar lounges would require a Conditional Use Permit.
Commissioner Langley asked what the procedure would be for those existing tobacco retailers that decided to shut down.
Mrs. Kranitz explained that if the Ordinance passed as drafted, those existing establishments would be considered a legal non-conforming use and would have to adhere to he City’s nonconforming standards.
Motion: It was motioned by Vice Chair Wright-Scherr and seconded by Commissioner Langley to adopt Resolution No. PC 7-24, recommending the City Council adopt Ordinance No.1871 to amend Chapter 5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, and hookah lounges and making a finding that the Ordinance is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3).
The motion was passed by the following roll call vote:
Ayes: Wright-Scherr, Langley, Kanhan, Sherman
Noes: Henderson
7.B
ZONE TEXT AMENDMENT #1-24
Resolution No. PC 9-24, recommending that the City Council adopt Ordinance No. 1865 amending Gardena Municipal Code Chapter 18.60 and Sections
5.08.170, 8.16.030, and 8.16.050 relating to temporary use permits and temporary evens permits and amending section 5.04.160 and 5.04.278 relating to permits and finding the Ordinance to be categorically exempt from the provisions of the California Environmental Quality Act pursuant to Guidelines § 15061(b)(3) and § 15304 as a Minor Alterations to Land
Ms. Acuna presented on staff’s report for Zone Text Amendment #1-24 and explained that staff was bringing Ordinance No. 1865 back to the Planning Commission for consideration which was revised to add provisions which would allow food distribution centers to operate in conjunction with non-profits.
Chair Henderson opened the public hearing.
Commissioner Langley asked if churches and other non-profits would be affected by the modification to the ordinance.
In response, Ms. Acuna stated that a church would most likely be a nonprofit organization and be permitted to have activities in accordance with the drafted Ordinance.
Mr. Tsujiuchi pointed to a similar event that previously took place in the City, however, added that this event included drive-thru give aways, which caused traffic and safety issues. He went on to say that this Ordinance would not allow for drive-thru food distribution.
Chair Henderson closed the public hearing.
Motion: It was motioned by Commissioner Langley and seconded by Commissioner Kanhan to adopt Resolution No. PC 9-24, recommending that the City Council adopt Ordinance No. 1865 amending Gardena Municipal Code Chapter 18.60 and Sections 5.08.170, 8.16.030, and 8.16.050 relating to temporary use permits and temporary evens permits and amending section
5.04.160 and 5.04.278 relating to permits and finding the Ordinance to be categorically exempt from the provisions of the California Environmental Quality Act pursuant to Guidelines § 15061(b)(3) and § 15304 as a Minor Alterations to Land.
The motion was passed by the following roll call vote:
Ayes: Langley, Kanhan, Sherman, Wright-Scherr, Henderson Noes:
8. COMMUNITY DEVELOPMENT DIRECTOR'S REPORT
Mr. Tsujiuchi informed the Commissioners that the Planning Commission Meetings would now be regularly streamed on YouTube.
Mr. Tsujiuchi informed the Planning Commission that earlier that day the Vietnam Veterans Memorial traveling exhibit, the Wall that Heals, was driven through the City and passed by City Hall. The exhibit would be on display from Thursday, April 4th to Sunday, April 7th, at Arthur Lee Johnson Memorial Park (1200 W. 170th Street, Gardena, CA 90247). The exhibit would opened 24 hours a day during this period.
9. PLANNING & ENVIRONMENTAL QUALITY COMMISSIONERS' REPORTS No report to follow.
10. ADJOURNMENT
Chair Henderson adjourned the meeting at 8:20 PM.
04/18/2024
Voucher List
CITY OF GARDENA
1 11:10:13AM
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Bank code : usb
Voucher Date Vendor Invoice PO # Description/Account Amount 12686 4/4/2024 112441 ANTHEM BLUE CROSS LIFE &, HEALTH INSURANCE COMPANY365999214931 HEALTH INSURANCE CLAIMS 28,273.35 Total : 28,273.35
12687 4/5/2024 112401 PINNACLE CLAIMS MANAGEMENT INC 040424 HEALTH INSURANCE CLAIMS 96,383.84 Total : 96,383.84
12688 4/9/2024 112709 PORTFOLIO ESCROW, INC. ESCROW #EN-10478-23. PROPERTY ACQUISITION - 1112 W GARDENA 1,554,740.65 Total : 1,554,740.65
12689 4/11/2024 101641 CALPERS 100000017500814 2024 REPLACEMENT BENEFIT CHARGES CITY 8,111.07 Total : 8,111.07
12690 4/11/2024 112441 ANTHEM BLUE CROSS LIFE &, HEALTH INSURANCE COMPANY365998755203 HEALTH INSURANCE CLAIMS 10,133.31 Total : 10,133.31
12691 4/12/2024 101641 CALPERS 100000017502869 2024 REPLACEMENT BENEFIT CHARGES CITY 8.22 Total : 8.22
12692 4/11/2024 112401 PINNACLE CLAIMS MANAGEMENT INC 041024 HEALTH INSURANCE CLAIMS 13,480.70 Total : 13,480.70
12693 4/16/2024 112401 PINNACLE CLAIMS MANAGEMENT INC 041524 HEALTH INSURANCE CLAIMS 63,512.36 Total : 63,512.36
12694 4/16/2024 111374 LINCOLN NATIONAL LIFE, INSURANCE COMPANY4683057072 023-01489 LIFE INSURANCE GRP PLANS 3,274.37 Total : 3,274.37
175763 4/10/2024 112801 WELCOMING INTERIM SHARED, HOUSING W.I.S.H.ANDERSON GARDENA EMERGENCY SERVICES 2,400.00 Total : 2,400.00
175764 4/10/2024 112189 PERFECT SCORE ATHLETIC, TRAINING CENTER03/11-04/03/24 GYMNASTICS INSTRUCTOR SERVICES 9,868.50 Total : 9,868.50
175765 4/16/2024 112813 ABREGO, PRISCILLA 041524 EMPLOYEE SPOT-ON RECOGNITION 500.00 Total : 500.00
175766 4/16/2024 112815 MCBRIDE, INEZ 23-20PW FINAL SETTLEMENT 500.00 1Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 500.00 175766 4/16/2024 112815 112815 MCBRIDE, INEZ 175767 4/16/2024 112808 JORGE GALE AND, MFON ANTHONY IKON INC22-10PD FINAL SETTLEMENT 5,750.00 Total : 5,750.00
175768 4/16/2024 112807 BROWN, MELVIN 24-03PD FINAL SETTLEMENT 565.00 Total : 565.00
175769 4/23/2024 104606 2 BROTHERS TIRES & WHEELS 28337 PD VEHICLE TIRE SERVICES 40.00
22.00PD VEHICLE TIRE SERVICES28466
20.00PD VEHICLE TIRE SERVICES28507
Total : 82.00
175770 4/23/2024 106086 ABC COMPANIES 3644457 GTRANS AUTO PARTS 96.40 Total : 96.40
175771 4/23/2024 107290 ACOSTA, NOLBERTO 01/07-01/10 GILLIG FACILITY BUS VEHICLES INSPECTION 100.00 256.01MGMT ANNUAL HEALTH BENEFIT011824
150.00APTA 2024 INTERNATIONAL BUS ROADEO &04/26-04/29
Total : 506.01
175772 4/23/2024 107712 AFFORDABLE GENERATOR SERVICES, INC. 25294 037-10257 GTRANS EMERGENCY GENERATOR REPAIR 255.00 Total : 255.00
175773 4/23/2024 101748 AFTERMARKET PARTS COMPANY LLC, THE 83252952 037-10275 GTRANS AUTO PARTS 126.71 037-10275 1,117.85GTRANS AUTO PARTS83261890
037-10275 74.54GTRANS AUTO PARTS83261891
037-10275 63.48GTRANS AUTO PARTS83337608
037-10275 572.94GTRANS AUTO PARTS83339972
037-10275 2,062.78GTRANS AUTO PARTS83340077
037-10275 33.74GTRANS AUTO PARTS83340078
037-10275 215.54GTRANS AUTO PARTS83341833
Total : 4,267.58
175774 4/23/2024 112571 AMBIT CONSTRUCTION &, DESIGN, INC. JN 512 04/05/24 GTRANS DISPATCH REMODELING PROJECT 42,595.61 037-10241
Total : 42,595.61
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Voucher Date Vendor Invoice PO # Description/Account Amount 175775 4/23/2024 100925 AMERICAN MOVING PARTS 01A155840 GTRANS AUTO PARTS 293.17 353.77GTRANS AUTO PARTS01A155916
Total : 646.94
175776 4/23/2024 110832 ANTHONY'S AUTO DETAILING 124p3p82 CAR WASH DETAIL - PD 1,450.00 Total : 1,450.00
175777 4/23/2024 108625 ARAD OIL INC. MARCH 2024 CAR WASH 132.00 Total : 132.00
175778 4/23/2024 111551 ARECHIGA, OSVALDO 04/26-05/01 APTA 2024 INTERNATIONAL BUS ROADEO & 250.00 Total : 250.00
175779 4/23/2024 101459 ASBURY ENVIRONMENTAL SERVICES I500-01044470 HAZARDOUS WASTE DISPOSAL SERVICES 110.00 142.92HAZARDOUS WASTE DISPOSAL SERVICESI500-01046984
127.28HAZARDOUS WASTE DISPOSAL SERVICESI500-01046992
5.00HAZARDOUS WASTE DISPOSAL SERVICESI500-01051289
Total : 385.20
175780 4/23/2024 104687 AT&T 21502443 TELEPHONE 1,917.80 Total : 1,917.80
175781 4/23/2024 616090 AT&T 3103232408 04/1/2024 TELEPHONE 5,256.43 Total : 5,256.43
175782 4/23/2024 111170 AT&T FIRSTNET 287290395417X2102024 023-01492 PD CELL PHONE ACCT #287290395417 389.47 023-01492 389.47PD CELL PHONE ACCT #287290305417287290395417X3102024 023-01492 389.01PD CELL PHONE ACCT #287290395417287290395417X4102024 023-01492 148.93PD CELL PHONE ACCT #287293420631287293420631X4102024 023-01492 2,370.30BUS CELL PHONE ACCT #287303490376287303490376X4102024 023-01492 50.77GTRANS CELL PHONE ACCT #287324972943287324972943X4102024 Total : 3,737.95
175783 4/23/2024 102880 AUTOPLEX, INC. 16126 2019 FORD F-250 XL #AC-1 OIL CHANGE 124.39
79.022011 FORD CV #BX176127 OIL CHANGE16127
Total : 203.41
175784 4/23/2024 412610 BANK OF NEW YORK MELLON, THE 252-2611452 ADMIN FEE - SBRPCA REFUNDING REVENUE 1,970.00 3Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 1,970.00 175784 4/23/2024 412610 412610 BANK OF NEW YORK MELLON, THE 175785 4/23/2024 112799 BAXSTRA INC. PERMIT #50023-0037 PERMIT DEPOSIT PARTIAL REFUND - 1323 W 8,000.00 Total : 8,000.00
175786 4/23/2024 102035 BD WHITE TOP SOIL CO., INC. 90148 STREET MAINT SUPPLIES 163.17 Total : 163.17
175787 4/23/2024 103641 BECNEL UNIFORMS 67102 BUS UNIFORM SUPPLIES 370.94 588.57BUS UNIFORM SUPPLIES67774
423.22BUS UNIFORM SUPPLIES67924
Total : 1,382.73
175788 4/23/2024 109037 BEEMAN, RAYMOND 03/19-03/21 EV CHARGING SUMMIT & EXPO 2024 - PER 245.24 Total : 245.24
175789 4/23/2024 102135 BEHRENDS, KENT 253 023-01474 IT NETWORK SUPPORT-APRIL 2024 3,400.00 Total : 3,400.00
175790 4/23/2024 107747 BENGAR PRODUCTIONS 6950 EMBROIDERY - REC STAFF JACKETS 348.00 816.00EMBROIDERY - COG SWOOSH LOGO7218
1,198.00EMBROIDERY - REC STAFF SHIRTS7285
120.00EMBROIDERY - REC STAFF HATS7320
154.00PRINTING - REC STAFF POLOS7321
900.00EMBROIDERY - COG LOGO BEENIE7368
140.00REC SAFETY VEST7381
1,145.00WALL THAT HEALS SHIRTS7382
Total : 4,821.00
175791 4/23/2024 112809 BLACKMON, JERON UNIFORM ADVANCED UNIFORM ALLOWANCE 350.00 Total : 350.00
175792 4/23/2024 112722 BP FORD OF LONG BEACH FOCS714099 2020 FORD INTRCPTR #1591740 SERVICE 387.37 Total : 387.37
175793 4/23/2024 111902 BPR CONSULTING GROUP LLC 1491 032-00144 CONSULTING SERVICES - MARCH 2024 53,891.37 Total : 53,891.37
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Voucher Date Vendor Invoice PO # Description/Account Amount 175794 4/23/2024 110313 CALTIP 94-2024-FEBRUARY 037-10245 INSURANCE CLAIMS DEDUCTIBLE - FEBRUARY 2 4,564.78 037-10245 4,231.92INSURANCE CLAIMS DEDUCTIBLE - MARCH 202494-2024-MARCH Total : 8,796.70
175795 4/23/2024 803420 CARPENTER, ROTHANS & DUMONT, LAW OFFICES OF46023 LEGAL SERVICES 3,390.10
90.00LEGAL SERVICES46030
349.20LEGAL SERVICES46031
160.41LEGAL SERVICES46034
118.80LEGAL SERVICES46035
50.40LEGAL SERVICES46036
2,356.55LEGAL SERVICES46037
18.00LEGAL SERVICES46040
5,349.68LEGAL SERVICES46041
792.00LEGAL SERVICES46042
100.80LEGAL SERVICES46043
252.00LEGAL SERVICES46045
463.82LEGAL SERVICES46046
Total : 13,491.76
175796 4/23/2024 303331 CDTFA JAN-MAR 2024 UNDERGROUND STORAGE TANK MAINT FEE 1,331.00 Total : 1,331.00
175797 4/23/2024 110605 CHANDLER ASSET MANAGEMENT 2403GARDENA 013-00031 INVESTMENT MGMT SERVICES - MARCH 2024 2,557.36 Total : 2,557.36
175798 4/23/2024 110719 CHARGEPOINT IN257776 037-10322 FY24 LICENSE FEE RENEWAL FOR ELECTRIC BU 4,860.00 Total : 4,860.00
175799 4/23/2024 108378 CHARLES E. THOMAS COMPANY INC. 106441 037-10246 DESIGNATED OPERATOR SERVICES 210.83 Total : 210.83
175800 4/23/2024 112138 CHAUHAN, MINESH 03/24-03/28. TRAPEZE THINK TRANSIT CONFERENCE - 144.54 Total : 144.54
175801 4/23/2024 112811 CHEN, YA PING PERMIT #50023-0202 PERMIT DEPOSIT REFUND - 15310 PARRON 5,000.00 Total : 5,000.00
175802 4/23/2024 112766 CINDYS JUMPERS LLC 77637 034-00641 SPECIAL EVENT JUMPER FOR 2024 626.20 5Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 626.20 175802 4/23/2024 112766 112766 CINDYS JUMPERS LLC 175803 4/23/2024 112352 CIRCLE, THE 183701 023-01519 TOSHIBA 3525AC COPIER USAGE - PD ADMIN 325.92 Total : 325.92
175804 4/23/2024 312105 CITY OF LOS ANGELES MA240000051 TRAFFIC SIGNAL MAINTENANCE & OPERATION 852.83 Total : 852.83
175805 4/23/2024 111534 CLEAN ENERGY CE12657822 037-10282 GTRANS OFFSITE CNG FUELING SERVICES 56,316.03 Total : 56,316.03
175806 4/23/2024 111740 CLEANCOR LNG LLC S-INV102266 QUARTERLY PREVENTATIVE MAINTENANCE 785.00 Total : 785.00
175807 4/23/2024 104338 CODE PUBLISHING, INC. GCI0013643 MUNICIPAL CODE - WEB UPDATE 658.00 Total : 658.00
175808 4/23/2024 102388 COPYLAND, INC. 85646 037-10278 GTRANS - 5.5"X8.5" STATEMENT OF SCHEDULE 1,857.40 Total : 1,857.40
175809 4/23/2024 112810 CORNEJO, JUAN UNIFORM ADVANCED UNIFORM ALLOWANCE 350.00 Total : 350.00
175810 4/23/2024 112406 CORWIN, KATELYN 03/24-03/28. TRAPEZE THINK TRANSIT CONFERENCE - 117.92 Total : 117.92
175811 4/23/2024 109913 COSTAR REALTY INFORMATION INC. 120681401 032-00141 COSTAR SUITE - APRIL 2024 898.70 Total : 898.70
175812 4/23/2024 102791 CPAC, INC. 1299117 023-01518 (57) NUC REPLACEMENT COMPUTERS 49,354.32 Total : 49,354.32
175813 4/23/2024 109005 CRESPO, ERNIE 03/19-03/22 EV CHARGING SUMMIT & EXPO - PER DIEM 150.00 Total : 150.00
175814 4/23/2024 103353 CRM COMPANY, LLC. LA24570 SCRAP TIRE DISPOSAL FEE 69.50 Total : 69.50
175815 4/23/2024 106193 CUMMINS SALES AND SERVICE X4-47857 GTRANS AUTO PARTS 2,098.21 6Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 2,098.21 175815 4/23/2024 106193 106193 CUMMINS SALES AND SERVICE 175816 4/23/2024 110319 CWE DIRECTOR F24174 024-00846 MS4 & NPDES MONITORING & COMPLIANCE SERV 27,991.52 Total : 27,991.52
175817 4/23/2024 105951 DECALS BY DESIGN, INC. 18299 GTRANS BUS DECALS 377.18 Total : 377.18
175818 4/23/2024 303377 DEPARTMENT OF TRANSPORTATION SL240465 SIGNALS & LIGHTING - ARTESIA BLVD & 383.56 Total : 383.56
175819 4/23/2024 312117 DEPARTMENT OF WATER & POWER 040124 LIGHT & POWER 74.81 Total : 74.81
175820 4/23/2024 106371 DIXON, SEAN 03/11-03/13. CWC CONFERENCE 118.19 Total : 118.19
175821 4/23/2024 110534 EL DORADO NATIONAL 90829383 037-10128 GTRANS BUS VEHICLE SUPPLIES 938.89 037-10128 70.12GTRANS BUS VEHICLE SUPPLIES90833293
037-10128 1,346.60GTRANS BUS VEHICLE SUPPLIES90835084
037-10128 631.13GTRANS BUS VEHICLE SUPPLIES90835308
037-10128 26,913.96GTRANS BUS VEHICLE SUPPLIES90836460 037-10128 301.25GTRANS BUS VEHICLE SUPPLIES90838027
037-10128 263.77GTRANS BUS VEHICLE SUPPLIES90838218
037-10128 1,052.31GTRANS BUS VEHICLE SUPPLIES90838659
1,451.10GTRANS BUS VEHICLE SUPPLIES90842386
037-10128 88.33GTRANS BUS VEHICLE SUPPLIES90842774
037-10128 1,033.80GTRANS BUS VEHICLE SUPPLIES90843701
037-10128 366.79GTRANS BUS VEHICLE SUPPLIES90844474
037-10128 23,811.12GTRANS BUS VEHICLE SUPPLIES90844527 037-10128 532.17GTRANS BUS VEHICLE SUPPLIES90844617
037-10128 769.69GTRANS BUS VEHICLE SUPPLIES90845916
037-10128 417.49GTRANS BUS VEHICLE SUPPLIES90846091
52.46GTRANS BUS VEHICLE SUPPLIES90847430
037-10171 844,471.27CNG BUS, VIN #1N9APA9N3PC084120U003621 037-10171 844,471.27CNG BUS, VIN #1N9APA9N5PC084121U003626 037-10171 844,471.27CNG BUS, VIN #1N9APA9N7PC084122U003628 7Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 2,593,454.79 175821 4/23/2024 110534 110534 EL DORADO NATIONAL 175822 4/23/2024 110532 ELECTRIC CAR SALES & SERVICE 34287 GTRANS AUTO PARTS 679.14 Total : 679.14
175823 4/23/2024 105418 EMPIRE CLEANING SUPPLY S6385320.001 CUSTODIAL SUPPLIES 358.12 240.96CUSTODIAL SUPPLIESS6385320.002
1,839.53CUSTODIAL SUPPLIESS6396605
Total : 2,438.61
175824 4/23/2024 106459 ENTERPRISE FM TRUST FBN4998183 023-01487 ENTERPRISE LEASE - APRIL 2024 - PD 8,939.91 023-01487 11,083.53ENTERPRISE VEHICLE LEASE - APRIL 2024FBN5006793 Total : 20,023.44
175825 4/23/2024 105650 EWING IRRIGATION PRODUCTS 21766771 PARK MAINT SUPPLIES 445.99 849.12PARK MAINT SUPPLIES21806701
119.49PARK MAINT SUPPLIES21961770
Total : 1,414.60
175826 4/23/2024 100055 FAIR HOUSING FOUNDATION MARCH 2024 FAIR HOUSING SERVICES 1,538.68 Total : 1,538.68
175827 4/23/2024 103083 FIRST ADVANTAGE LNS OCC HEALTH, SOLUTIONS2503642403 DRUG TEST/ADMIN FEE 865.90 Total : 865.90
175828 4/23/2024 112329 FM THOMAS AIR CONDITIONING INC 46480 HVAC REPAIRS FOR NCC 1,368.40 1,380.96HVAC REPAIRS FOR CITY HALL46481
Total : 2,749.36
175829 4/23/2024 206509 FRANCIS, JOHN S. 04/09-04/10 TRAINING COORDINATOR COURSE - PER DIEM 50.00 Total : 50.00
175830 4/23/2024 112566 GALLS, LLC 027502090 PD UNIFORM SUPPLIES 108.88 Total : 108.88
175831 4/23/2024 107008 GARDENA A/C & RADIATOR 52543 2013 FORD F350 #1468165 - A/C EVACUATE 1,361.60 Total : 1,361.60
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Voucher Date Vendor Invoice PO # Description/Account Amount 175832 4/23/2024 108183 GARDENA ACE HARDWARE 097695 STREET MAINT SUPPLIES 15.70 Total : 15.70
175833 4/23/2024 107080 GARDENA BEAR WHEEL 58311 1999 CHEVY 2500 #135320 FRONT WHEEL 65.00 Total : 65.00
175834 4/23/2024 107735 GARDENA NISSAN 28820 PW AUTO PARTS 280.54 Total : 280.54
175835 4/23/2024 107011 GARDENA VALLEY NEWS, INC. 00140953 SUMMARY OF ORDINANCE NO. 1866- AN 189.00 Total : 189.00
175836 4/23/2024 619005 GAS COMPANY, THE 040524 CNG FUEL 1,310.37 Total : 1,310.37
175837 4/23/2024 107056 GENFARE 90199473 GTRANS AUTO PARTS 537.24 Total : 537.24
175838 4/23/2024 106470 GILLIG LLC 41161033 037-10270 GTRANS AUTO PARTS 494.97 Total : 494.97
175839 4/23/2024 102542 GOLD COAST K9 GARDENAPD-01 POLICE K9 TRAINING 1,000.00 1,000.00POLICE K9 TRAININGGARDENAPD-02
1,000.00POLICE K9 TRAININGPD-03
Total : 3,000.00
175840 4/23/2024 619004 GOLDEN STATE WATER CO. 040524 WATER 5,360.82 Total : 5,360.82
175841 4/23/2024 110364 GOMEZ, CLAUDIA 03/26-03/29 PROPERTY & EVIDENCE SEMINAR 150.00 Total : 150.00
175842 4/23/2024 107513 GRAINGER 9050155325 PW AUTO SUPPLIES 252.55
13.20BUS FACILITY SUPPLIES9052080232
157.24BUS FACILITY SUPPLIES9053841145
197.86BUS FACILITY SUPPLIES9056993877
26.80BUS FACILITY SUPPLIES9065450059
137.06BUS FACILITY SUPPLIES9071324926
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Voucher Date Vendor Invoice PO # Description/Account Amount 175842 4/23/2024 (Continued)107513 GRAINGER
157.66PW MAINT SUPPLIES9073417355
737.21BUS FACILITY SUPPLIES9074229387
155.37PW AUTO SUPPLIES9076225094
219.44BUS FACILITY SUPPLIES9078633741
34.37BUS FACILITY SUPPLIES9078633758
48.70BUS FACILITY SUPPLIES9079259785
Total : 2,137.46
175843 4/23/2024 112374 GRIFFIN STRUCTURES, INC. GSI-GCASC-15 024-00910 AQUATIC & SENIOR CENTER JN978 20,573.98 Total : 20,573.98
175844 4/23/2024 112076 HERNANDEZ, ROSA 007 04/10/24 INTERN SERVICES - 3/28-4/10/24 1,344.00 Total : 1,344.00
175845 4/23/2024 108434 HOME DEPOT CREDIT SERVICES 1903766 REC PROGRAM SUPPLIES 147.76 197.91REC PROGRAM SUPPLIES1904694
16.46PD PROGRAM SUPPLIES2901864
6.50PD PROGRAM SUPPLIES2901867
14.77PD PROGRAM SUPPLIES2903621
95.21REC PROGRAM SUPPLIES4543220
18.69JAIL PROGRAM SUPPLIES4901210
297.41BLDG MAINT SUPPLIES5340448
36.31PD PROGRAM SUPPLIES5903257
50.00STREET MAINT SUPPLIES5904704
35.62PD PROGRAM SUPPLIES6543817
17.95PD PROGRAM SUPPLIES7900581
87.39REC PROGRAM SUPPLIES8534178
Total : 1,021.98
175846 4/23/2024 110510 HUTAURUK, MELYSSA 03/24-03/28. TRAPEZE THINK TRANSIT CONFERENCE - 89.46 Total : 89.46
175847 4/23/2024 110222 INTERAMERICAN MOTOR, LLC 065-428630 GTRANS AUTO PARTS 77.89
21.61GTRANS AUTO PARTS065-713151
226.12GTRANS AUTO PARTS065-714693
51.95GTRANS AUTO PARTS065-716762
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Voucher Date Vendor Invoice PO # Description/Account Amount 175847 4/23/2024 (Continued)110222 INTERAMERICAN MOTOR, LLC
16.24GTRANS AUTO PARTS101-482811
46.29GTRANS AUTO PARTS102-013078
280.63GTRANS AUTO PARTS110-717520
297.83GTRANS AUTO PARTS110-717767
21.61GTRANS AUTO PARTS116-555383
110.39GTRANS AUTO PARTS31901012
Total : 1,150.56
175848 4/23/2024 106714 INTERSTATE BATTERIES OF, CALIFORNIA COAST, INC.140079378 GTRANS AUTO PARTS 818.26 Total : 818.26
175849 4/23/2024 103064 ITERIS, INC. 165763 037-10085 CONSULTANT SERVICES - BUS SIGNAL PRIORIT 85,551.85 024-00971 16,556.50CONSULTANT SERVICES - ITS MASTER PLAN168347 Total : 102,108.35
175850 4/23/2024 110733 J & S PROPERTY MANAGEMENT AND, MAINTENANCE, INC8272 037-10340 LANDSCAPE MAINTENANCE SERVICE 2,112.66 Total : 2,112.66
175851 4/23/2024 110840 KIM, YURINA 041524 MGMT ANNUAL HEALTH BENEFIT 500.00 Total : 500.00
175852 4/23/2024 110385 KIMLEY-HORN AND ASSOCIATES, INC 194091013-0224 032-00142 DEVELOPMENT SERVICES - 1610 ARTESIA BLVD 14,936.88 Total : 14,936.88
175853 4/23/2024 105900 KONECRANES, INC. 154986601 037-10247 PREVENTATIVE MAINT & INSPECTION OF CRANE 525.00 Total : 525.00
175854 4/23/2024 109939 LA UNIFORMS & TAILORING 20740 PD UNIFORM SUPPLIES 450.54 143.22PD UNIFORM SUPPLIES20742
195.03PD UNIFORM SUPPLIES20865
583.66PD UNIFORM SUPPLIES20878
168.57PD UNIFORM SUPPLIES20942
200.54PD UNIFORM SUPPLIES21026
563.76PD UNIFORM SUPPLIES21047
Total : 2,305.32
175855 4/23/2024 105874 LAWSON PRODUCTS, INC. 9311396302 STREET SWEEPER SUPPLIES 228.50 11Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 175855 4/23/2024 (Continued)105874 LAWSON PRODUCTS, INC. 440.58BUS SHOP SUPPLIES9311421801
Total : 669.08
175856 4/23/2024 112614 LAX AUTO REPAIR 19485 2022 FORD INTRCPT #1630466 OIL & FILTER 70.00
70.002018 FORD POLICE INTRCPT #1554676 OIL CH19495
70.002023 FORD INTRCPTR #1661719 OIL CHANGE19533
Total : 210.00
175857 4/23/2024 112803 LEAVELL, TAMMIE PERMIT #18053 PERMIT DEPOSIT REFUND - 1147 W GARDENA 500.00 Total : 500.00
175858 4/23/2024 312665 LOS ANGELES SUPERIOR COURT JAN-MAR 2024 035-01287 PARKING CITATION SURCHARGE 51,288.50 Total : 51,288.50
175859 4/23/2024 105020 LPM CONSULTING, INC. 24-03-999 037-10314 DRUG & ALCOHOL TESTING AUDIT 3,290.00 Total : 3,290.00
175860 4/23/2024 109563 LUCKY LADY CASINO 0850000239 ECONOMIC ASSISTANCE - MARCH 2024 53,529.96 Total : 53,529.96
175861 4/23/2024 112615 LU'S LIGHTHOUSE, INC. 01261883 037-10271 GTRANS SHOP SUPPLIES 652.77 Total : 652.77
175862 4/23/2024 105082 MAJESTIC LIGHTING, INC. ML87543 BLDG MAINT SUPPLIES 242.55
79.18SIGNS/SIGNALS SUPPLIESML87602
132.30BLDG MAINT SUPPLIESML87610
57.30SIGNS/SIGNALS SUPPLIESML87655
103.64GTRANS MAINT SUPPLIESML87692
79.66BLDG MAINT SUPPLIESML87718
100.33BLDG MAINT SUPPLIESML87744
Total : 794.96
175863 4/23/2024 109203 MAKAI SOLUTIONS SD1517 FACILITIES & EQUIPMENT MAINT SERVICES 793.47 Total : 793.47
175864 4/23/2024 813030 MANNING & KASS 797626 LEGAL SERVICES 3,100.00 12Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 3,100.00 175864 4/23/2024 813030 813030 MANNING & KASS 175865 4/23/2024 110306 MARIPOSA LANDSCAPES, INC 3354 024-00987 TREE TRIMMING MAINTENANCE SERVICE 34,474.90 Total : 34,474.90
175866 4/23/2024 110306 MARIPOSA LANDSCAPES, INC 107020 024-00984 MEDIAN LANDSCAPE MAINTENANCE 8,864.00 024-00987 25,421.00TREE TRIMMING MAINTENANCE SERVICE3389 Total : 34,285.00
175867 4/23/2024 113003 MARTIN CHEVROLET 21591 PW AUTO PARTS 57.59 Total : 57.59
175868 4/23/2024 113064 MCMASTER-CARR SUPPLY COMPANY 24461161 PW SHOP SUPPLIES 470.07 180.15GTRANS SHOP SUPPLIES24711894
128.60PW SHOP SUPPLIES24893642
Total : 778.82
175869 4/23/2024 113299 MERRIMAC ENERGY GROUP 2230673 037-10260 87 OCTANE REGULAR UNLEADED FUEL 38,983.91 037-10260 38,957.2087 OCTANE REGULAR UNLEADED FUEL2230674 Total : 77,941.11
175870 4/23/2024 108699 MEZIERE ENTERPRISES INC. 103008 ELECTRIC WATER PUMP 1,142.15 Total : 1,142.15
175871 4/23/2024 111604 MICRO ELECTRONICS, INC 12997295 023-01483 COMPUTER REPLACEMENT PARTS 9,531.30 Total : 9,531.30
175872 4/23/2024 111981 MIRANDA, ELLNER 02/21-03/13 OCTA CERTIFIED MAINTENANCE TRAINING - 302.04 606.20APTA 2024 INTERNATIONAL BUS ROADEO &04/26-05/01
Total : 908.24
175873 4/23/2024 108572 NICHOLS, CHARLES 03/22-03/23 VICTORVILLE ROADEO - PER DIEM, MILEAGE 172.07 Total : 172.07
175874 4/23/2024 110575 OCCUPATIONAL HEALTH CENTERS, OF CALIFORNIA82540308 023-01486 RANDOM TESTS 356.00 023-01486 453.00RANDOM TESTS82541864
023-01486 739.00RANDOM TESTS82609742
023-01486 441.00RANDOM TESTS82684335
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Voucher Date Vendor Invoice PO # Description/Account Amount 175874 4/23/2024 (Continued)110575 OCCUPATIONAL HEALTH CENTERS, OF CALIFORNIA 023-01486 130.00RANDOM TESTS82687134
023-01486 330.00RANDOM TESTS82755625
Total : 2,449.00
175875 4/23/2024 110568 ODANAKA, AYAKO 03/24-03/28. TRAPEZE THINK TRANSIT CONFERENCE - 86.30 Total : 86.30
175876 4/23/2024 115168 OFFICE DEPOT 360928915 BUS OFFICE SUPPLIES 198.51
11.94BUS OFFICE SUPPLIES360928915-002
549.81BUS OFFICE SUPPLIES360929247
15.18BUS OFFICE SUPPLIES360929248
33.28BUS OFFICE SUPPLIES360929249
52.52BUS OFFICE SUPPLIES361315686
12.01BUS OFFICE SUPPLIES361316697
Total : 873.25
175877 4/23/2024 108921 OMEGA POLYGRAPH 02009 PRE-EMPLOYMENT POLYGRAPH EXAMS 900.00 Total : 900.00
175878 4/23/2024 111358 O'REILLY AUTO PARTS 423787 PW AUTO PARTS 225.48
45.31PW AUTO PARTS424097
Total : 270.79
175879 4/23/2024 115810 ORKIN PEST CONTROL 257724949 PEST CONTROL - ACCT #27336703 313.99 313.99PEST CONTROL - ACCT #27336703257724950
313.99PEST CONTROL - ACCT #27336703259229023
Total : 941.97
175880 4/23/2024 112728 PATRONAS, ELISSEOS PERMIT #50023-0596 PERMIT DEPOSIT REFUND -1725 MARINE 7,500.00 Total : 7,500.00
175881 4/23/2024 110403 PENN RECORDS MANAGEMENT 0141515 OFF-SITE STORAGE SERVICES - MARCH 2024 61.75 Total : 61.75
175882 4/23/2024 112173 PEREZ, NATHALIE 04/01-04/04 ANNUAL FTA DRUG & ALCOHOL CONFERENCE 150.00 Total : 150.00
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Voucher Date Vendor Invoice PO # Description/Account Amount 175883 4/23/2024 112802 PLATINUM CONSTRUCTION PERMIT #50021-1087 PERMIT DEPOSIT REFUND - 16416 BRIGHTON 5,000.00 Total : 5,000.00
175884 4/23/2024 111883 PROJECT PARTNERS, INC. 11736 024-00890 PROJECT MANAGEMENT SERVICES 3,520.00 024-00890 4,510.00PROJECT MANAGEMENT SERVICES11791
Total : 8,030.00
175885 4/23/2024 102677 PROVIDENCE HEALTH & SERVICES 1010125 03/05/23 SART EXAMS 1,020.00 1,020.00SART EXAMS1010125 09/05/23
1,020.00SART EXAMS1010125 10/05/23
570.00PRE-EMPLOYMENT PHYSICALS600000283 04/05/24
Total : 3,630.00
175886 4/23/2024 106092 PRUDENTIAL OVERALL SUPPLY 42895062 037-10280 UNIFORM & SUPPLY RENTAL 538.92 034-00616 91.60SUPPLY RENTAL - MATS - PD42921679
034-00616 159.44UNIFORM & SUPPLY RENTAL42923656
024-01006
034-00616 34.86UNIFORM & SUPPLY RENTAL42923657
034-00616 50.10SUPPLY RENTAL - MATS - GTRANS42923658
037-10280 334.96UNIFORM & SUPPLY RENTAL42925098
Total : 1,209.88
175887 4/23/2024 108623 PUN GROUP LLP, THE 114526a 023-01476 AUDIT SERVICES DURING FY 23/24 10,824.00 023-01521 6,495.00AUDIT SERVICES - FCC CLOSE OUT114526c 023-01521 4,500.00AUDIT SERVICES - MEASURE W114526w
Total : 21,819.00
175888 4/23/2024 104868 PYRO-COMM SYSTEMS, INC. 10019807 037-10250 SECURITY ALARM MONITORING - BLDG A 195.00 Total : 195.00
175889 4/23/2024 104901 Q-20 ENTERTAINMENT 24-1504 DJ SERVICES - CANDLELIGHT DINNER 400.00 Total : 400.00
175890 4/23/2024 102283 QUICK COLOR PRINTING 16178 REC PROGRAM SUPPLIES 595.35 Total : 595.35
175891 4/23/2024 100147 RCI IMAGE SYSTEMS 77461 MICROFICHE SCANNING - 2402 W COMPTON 121.28 15Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 121.28 175891 4/23/2024 100147 100147 RCI IMAGE SYSTEMS 175892 4/23/2024 103072 REACH 042450 EAP SERVICES/REACHLINE NEWSLETTER 902.00 Total : 902.00
175893 4/23/2024 118142 REFRIGERATION SUPPLIES, DISTRIBUTOR 48507923 BLDG MAINT SUPPLIES 32.32 327.81BLDG MAINT SUPPLIES48507945
Total : 360.13
175894 4/23/2024 112578 RIDECO US INC 2024-065US 037-10254 MICROTRANSIT SOFTWARE 22,080.70 Total : 22,080.70
175895 4/23/2024 112433 RIGHTWAY HEALTHCARE, INC INV17213 023-01485 HEALTHCARE NAVIGATION SERVICES - MARCH 2 1,823.25 Total : 1,823.25
175896 4/23/2024 100585 RKA CONSULTING GROUP 34559 ENGINEERING & SURVEYING SERVICES 140.00 Total : 140.00
175897 4/23/2024 112339 ROMANO, KEVIN 04/26-05/01 APTA 2024 INTERNATIONAL BUS ROADEO & 566.19 Total : 566.19
175898 4/23/2024 119022 SAFE MART OF SOUTHERN, CALIFORNIA, INC.677 PARK MAINT SUPPLIES 22.05
12.57PD PROGRAM SUPPLIES685
Total : 34.62
175899 4/23/2024 219364 SAFFELL, MICHAEL 04/09-04/12/24 LACPCA TRI-COUNTY CONFERENCE 225.00 Total : 225.00
175900 4/23/2024 112197 SANCHEZ, ARANTXA 03/24-03/28. TRAPEZE THNK TRANSIT CONFERENCE - 28.96 Total : 28.96
175901 4/23/2024 110772 SANTOS, VICTOR D. 01/03-01/12 GILLIG BUS VEHICLE INSPECTIONS 450.00 1,569.36GILLIG FACILITY BUS INSPECTIONS - PER01/17-01/19 250.00APTA 2024 INTERNATIONAL BUS ROADEO &04/26-05/01
Total : 2,269.36
175902 4/23/2024 108654 SECTRAN SECURITY INC. 24040856 ARMORED TRANSPORTATION SERVICES - GTRANS 900.91 16Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 900.91 175902 4/23/2024 108654 108654 SECTRAN SECURITY INC. 175903 4/23/2024 112765 SHAMROCK LABELS LLC INV084011 JAIL PROGRAM SUPPLIES 309.93 Total : 309.93
175904 4/23/2024 109918 SHIGE'S FOREIGN CAR SERVICE, INC. 8097488 035-01282 2022 FORD INTRCPTR BRAKE SERVICE REPAIR 700.22 035-01282 308.552015 TOYOTA CAMRY OIL & FILTER CHANGE8097581 035-01282 234.432018 FORD INTRCPTR #1554676 SERVICE &8097643 Total : 1,243.20
175905 4/23/2024 112806 SILVA, JULIA 60922648 MAINT DEPOSIT REFUND 250.00 Total : 250.00
175906 4/23/2024 119378 SMARDAN SUPPLY CO. S4084351.002 BLDG MAINT SUPPLIES 678.02 Total : 678.02
175907 4/23/2024 119447 SOUTH BAY FORD 473237 PW AUTO PARTS 242.46 Total : 242.46
175908 4/23/2024 112633 SOUTH BAY KUSTOMZ, LLC 13242 2019 FORD EXPL #P10 OIL & FILTER CHANGE 87.80 Total : 87.80
175909 4/23/2024 619003 SOUTHERN CALIFORNIA EDISON 040124. LIGHT & POWER 44,781.59 Total : 44,781.59
175910 4/23/2024 103202 SOUTHERN COUNTIES LUBRICANTS, LLC 200892 BUS AUTOMOTIVE FLUIDS 1,860.20 2,204.41BUS AUTOMOTIVE FLUIDS200966
Total : 4,064.61
175911 4/23/2024 104126 SPECTRUM 0027122041124 CABLE & BACKUP INTERNET SERVICES 4,182.72 Total : 4,182.72
175912 4/23/2024 104453 SPICERS PAPER, INC. 50115070 023-01480 PD OFFICE SUPPLIES 2,307.36 Total : 2,307.36
175913 4/23/2024 119548 ST. JOHN LUTHERAN CHURCH MAY 2024 SENIOR CITIZENS DAY CARE 1,100.00 Total : 1,100.00
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Voucher Date Vendor Invoice PO # Description/Account Amount 175914 4/23/2024 109892 STANTEC CONSULTING SERVICES 2216200 037-10002 GTRANS DISPATCH AREA MODIFICATIONS 8,240.00 Total : 8,240.00
175915 4/23/2024 219620 SWEENEY, NIKKI SPRING 2024 EDUCATIONAL REIMBURSEMENT 2,500.00 Total : 2,500.00
175916 4/23/2024 112505 T Y LIN INTERNATIONAL 102403413 037-10235 SOMPIS PROJECT MANAGEMENT 1,171.30 037-10236 780.87GRID PROJECT MANAGEMENT102403414
Total : 1,952.17
175917 4/23/2024 100609 TANK SPECIALISTS OF CALIFORNIA 33588 CERTIFIED DESIGNATED OPERATOR SERVICE 198.00 Total : 198.00
175918 4/23/2024 107928 TELECOM LAW FIRM, P.C. 16814 PROFESSIONAL SERVICES - 2420 W 154TH ST. 2,676.00 Total : 2,676.00
175919 4/23/2024 111487 TERACAI CORPORATION 8091265 023-01517 SOPHOS FIREWALL & ANTIVIRUS 45,311.00 Total : 45,311.00
175920 4/23/2024 110238 TIREHUB, LLC 41055199 TIRES - GY WRL WORKHORSE BW 120R E 576.40 Total : 576.40
175921 4/23/2024 112817 TL INVESTIGATIONS AND, CONSULTING LLC 2024-2 CONSULTING SERVICES - RECRUITMENT/HIRING 1,977.50 Total : 1,977.50
175922 4/23/2024 105070 T-MOBILE USA, INC. 9564288483 GPS LOCATE 100.00 125.00GPS LOCATE9564288484
Total : 225.00
175923 4/23/2024 109775 TOMS TRUCK CENTER NORTH COUNTY 1332168 037-10281 GTRANS AUTO PARTS 167.64 037-10281 96.96GTRANS AUTO PARTS1333107
037-10281 126.62GTRANS AUTO PARTS1333825
Total : 391.22
175924 4/23/2024 111990 TOWNSEND PUBLIC AFFAIRS, INC 21418 020-00051 CONSULTING SERVICES - APRIL 2024 7,000.00 Total : 7,000.00
175925 4/23/2024 106018 TRANE U.S. INC. 16491744 BUS FACILITY MAINT SUPPLIES 125.07 18Page:
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Voucher List
CITY OF GARDENA
19 11:10:13AM
Page:vchlist
Bank code : usb
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 125.07 175925 4/23/2024 106018 106018 TRANE U.S. INC. 175926 4/23/2024 110851 TRAPEZE SOFTWARE GROUP, INC. TSPAU240036 037-10231 GTRANS SCHEDULING & OPERATIONS MGMT SOFT 2,193.75 Total : 2,193.75
175927 4/23/2024 103845 TRENCH SHORING COMPANY 20388619 RENTAL - TRENCH TOP 5'X8' 151.20 Total : 151.20
175928 4/23/2024 105556 TRIANGLE SPORTS, INC. 42526 034-00644 YOUTH SPORTS SUPPLIES 2,218.96 Total : 2,218.96
175929 4/23/2024 111481 TRIO COMMUNITY MEALS, LLC INV2230043346 034-00584 SENIOR FEEDING PROGRAM 6,699.43 034-00584 6,145.74SENIOR FEEDING PROGRAMINV2230043575
034-00584 6,868.37SENIOR FEEDING PROGRAMINV2230043845
Total : 19,713.54
175930 4/23/2024 110695 TRUKSPECT, INC 240413 CLASS B DRIVER TRAINING 1,072.82 Total : 1,072.82
175931 4/23/2024 120854 TURF STAR INC. 7321792 PW AUTO PARTS 45.88 Total : 45.88
175932 4/23/2024 109900 U.S. BANK CORPORATE PAYMENT, SYSTEMSOROZCO 03/22/24 CAL CARD STATEMENT 02/23-03/22/24 1,412.27 11,290.66CAL CARD STATEMENT 02/23-03/22/24RECREATION 03/22/24 4,430.19CAL CARD STATEMENT 02/23-03/22/24SANTOS 03/22/24 037-10341
3,303.39CAL CARD STATEMENT 02/23-03/22/24SWEENEY 03/22/24 Total : 20,436.51
175933 4/23/2024 104692 ULINE 176187927 BUS SHOP SUPPLIES 264.98
63.36BUS SHOP SUPPLIES176229188
Total : 328.34
175934 4/23/2024 121275 UNDERGROUND SERVICE ALERT, OF SC 23-2425027 STATE REGULATORY COSTS - BILLABLE 55.67 162.25NEWS TICKETS320240286
Total : 217.92
175935 4/23/2024 121010 UNITED RENTALS 232174074 RENTAL - GENERATOR 999.97 19Page:
04/18/2024
Voucher List
CITY OF GARDENA
20 11:10:13AM
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Bank code : usb
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 999.97 175935 4/23/2024 121010 121010 UNITED RENTALS 175936 4/23/2024 122050 VERIZON WIRELESS 9958822156 PW CELL PHONE SERVICE 973.47 1,154.64REC CELL PHONE SERVICE9959616522
Total : 2,128.11
175937 4/23/2024 110008 VIETNAM VETERANS MEMORIAL, FUND INC. 2024-4-8 2024 THE WALL THAT HEALS EXHIBIT 860.00 Total : 860.00
175938 4/23/2024 105254 VISION TIRE 40224 PW VEHICLE TIRE SERVICES 50.00 Total : 50.00
175939 4/23/2024 108353 WALTERS WHOLESALE ELECTRIC CO S125281663 SIGNS/SIGNALS MAINT SUPPLIES 81.25 505.11SIGNS/SIGNALS MAINT SUPPLIESS125281663.002
Total : 586.36
175940 4/23/2024 101903 WATER TECHNIQUES 9245 DRINKING WATER SYSTEM RENTAL 45.00 Total : 45.00
175941 4/23/2024 109530 WEDLOW BENJAMIN, EVETTE 031224 REIMBURSEMENT - DEPT SUPPLIES FOR STAFF 104.84 Total : 104.84
175942 4/23/2024 119387 WEX BANK 962296837 FUEL PURCHASES 391.38 Total : 391.38
175943 4/23/2024 112816 XIMENEZ, ANTHONY 03/22-03/23 VICTORVILLE ROADEO - PER DIEM, MILEAGE 289.98 Total : 289.98
175944 4/23/2024 125001 YAMADA COMPANY, INC. 84063 PARK MAINT SUPPLIES 15.60
62.25PARK MAINT SUPPLIES84067
243.97PARK MAINT SUPPLIES84072
215.15PARK MAINT SUPPLIES84077
14.09PARK MAINT SUPPLIES84089
122.60PARK MAINT SUPPLIES84099
93.57PARK MAINT SUPPLIES84101
97.38PARK MAINT SUPPLIES84102
76.60STREET MAINT SUPPLIES84106
80.98PARK MAINT SUPPLIES84108
20Page:
04/18/2024
Voucher List
CITY OF GARDENA
21 11:10:13AM
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Bank code : usb
Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 1,022.19 175944 4/23/2024 125001 125001 YAMADA COMPANY, INC.
Bank total : 5,440,366.02 191 Vouchers for bank code : usb 5,440,366.02Total vouchers :Vouchers in this report 191 21Page:
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V
oucher List
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22 11:10:13AM
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Voucher Date Vendor Invoice PO # Description/Account Amount
CLAIMS VOUCHER APPROVAL
I hereby certify that the demands or claims covered by the checks listed on pages _____ to _____ inclusive of the check register are accurate and funds are available for payment thereof.
By: __________________________________________
Director of
Administrative Services
This is to certify that the claims or demands covered by checks listed on pages _____ to _____ inclusive of the check register have been audited by the City Council of the City of Gardena and that all of the said checks are approved for payment except check numbers:
______________________________________________________
_________________________ __________
Mayor Date
_________________________ __________
Councilmember Date
_________________________ __________
Councilmember Date
Acknowledged:
_________________________ __________
Councilmember Date
_________________________ __________
Councilmember Date
22Page:
1 21
1 21
04/23/2024
CITY OF GARDENA
INVESTMENT REPORT
March 2024
Prepared by Danny Rodriguez, Revenue and Purchasing Manager Reviewed by Ray Beeman, Director of Administrative Services
MONTHLY ACCOUNT STATEMENT
City of Gardena Cons | Account #10647 | As of March 31, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
CONFIDENTIAL | 2
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 0.66
Average Coupon 4.25%
Average Purchase YTM 4.41%
Average Market YTM 5.06%
Average Quality AA+
Average Final Maturity 0.77
Average Life 0.71
Beg. Values as of
03/01/2024
End Values as of
03/31/2024
Market Value 86,873,464.38 87,127,439.96
Accrued Interest 183,668.46 152,365.52
Total Market Value 87,057,132.84 87,279,805.48
Income Earned 129,313.20 97,307.38
Cont/WD 0.00 0.07
Par 81,611,539.43 81,802,586.41
Book Value 87,637,194.83 87,827,675.60
Cost Value 87,720,197.79 87,805,794.92
California Asset Mgmt Program 49.13%
United States 10.22%
CalTrust 7.75%
LAIF 6.25%
United States Department of The Trea 4.61%
FHLMC 3.43%
Farm Credit System 2.04%
Federal Home Loan Banks 0.98%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch CONFIDENTIAL | 3
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Book Value 87,637,194.83 87,301,622.17
Maturities/Calls (2,680,000.00) (4,180,000.00)
Principal Paydowns (58,441.75) (198,901.82)
Purchases 3,964,136.50 7,615,463.55
Sales (1,856,129.91) (3,563,336.81)
Change in Cash, Payables, Receivables 811,870.37 838,204.95 Amortization/Accretion 9,045.56 14,778.72
Realized Gain (Loss) 0.00 (155.16)
Ending Book Value 87,827,675.60 87,827,675.60
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 86,873,464.38 86,698,685.72
Maturities/Calls (2,680,000.00) (4,180,000.00)
Principal Paydowns (58,441.75) (198,901.82)
Purchases 3,964,136.50 7,615,463.55
Sales (1,856,129.91) (3,563,336.81)
Change in Cash, Payables, Receivables 811,870.37 838,204.95 Amortization/Accretion 9,045.56 14,778.72
Change in Net Unrealized Gain (Loss) 63,494.81 (97,299.18) Realized Gain (Loss) 0.00 (155.16)
Ending Market Value 87,127,439.96 87,127,439.96
Maturities / Calls
Month to Date (2,680,000.00)
Fiscal Year to Date (4,180,000.00)
Principal Paydowns
Month to Date (58,441.75)
Fiscal Year to Date (198,901.82)
Purchases
Month to Date 3,964,136.50
Fiscal Year to Date 7,615,463.55
Sales
Month to Date (1,856,129.91)
Fiscal Year to Date (3,563,336.81)
Interest Received
Month to Date 134,728.88
Fiscal Year to Date 437,354.55
Purchased / Sold Interest
Month to Date (15,164.11)
Fiscal Year to Date (14,129.70)
CONFIDENTIAL | 4
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
ABS
43813GAC5 HAROT 2021-1 A3 0.27 04/21/2025 5,219.98 02/17/2021
0.37%
5,219.89
5,219.98
99.43 4.70%
5,190.13
0.39 0.01%
(29.84)
Aaa/NA
AAA
1.06 0.15
02582JJT8 AMXCA 2022-2 A 05/17/2027 185,000.00 05/17/2022
3.42%
184,959.08
184,978.51
97.93 5.33%
181,178.05
278.73
0.21%
(3,800.46)
NA/AAA
AAA
1.12 1.60
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 10,854.11 03/02/2021
1.11%
10,852.03
10,853.81
98.74 5.84%
10,717.77
1.74 0.01%
(136.04)
Aaa/NA
AAA
1.46 0.28
05593AAC3 BMWLT 2023-1 A3 5.16 11/25/2025 40,000.00 02/07/2023
5.43%
39,999.05
39,999.45
99.76 5.64%
39,905.96
34.40 0.05%
(93.49)
Aaa/AAA
NA
1.65 0.64
43815GAC3 HAROT 2021-4 A3 0.88 01/21/2026 46,184.62 11/16/2021
0.89%
46,174.88
46,180.91
97.56 5.98%
45,059.08
11.29 0.05%
(1,121.82)
Aaa/NA
AAA
1.81 0.67
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 31,356.77 07/13/2021
0.52%
31,353.98
31,356.12
97.64 5.58%
30,618.25
7.25 0.04%
(737.86)
Aaa/NA
AAA
1.96 0.53
89238JAC9 TAOT 2021-D A3 0.71 04/15/2026 36,326.42 11/09/2021
0.95%
36,325.65
36,326.21
97.44 6.15%
35,396.46
11.46 0.04%
(929.74)
NA/AAA
AAA
2.04 0.72
43815BAC4 HAROT 2022-1 A3 1.88 05/15/2026 130,938.96 02/15/2022
1.89%
130,919.26
130,930.04
97.68 6.04%
127,895.91
109.41
0.15%
(3,034.13)
Aaa/AAA
NA
2.12 0.81
43815PAC3 HAROT 2022-2 A3 3.73 07/20/2026 105,000.00 08/15/2022
3.87%
104,993.74
104,996.94
98.60 5.78%
103,531.36
141.43
0.12%
(1,465.57)
NA/AAA
AAA
2.30 1.02
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 238,276.57 01/05/2023
4.81%
232,031.12
234,222.92
98.48 5.71%
234,664.06
127.48
0.27%
441.14
Aaa/AAA
NA
2.40 0.93
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 90,265.46 03/10/2022
2.34%
90,245.49
90,255.41
97.90 5.74%
88,370.12
93.07 0.10%
(1,885.29)
Aaa/NA
AAA
2.46 0.77
89238FAD5 TAOT 2022-B A3 2.93 09/15/2026 99,711.26 04/07/2022
3.09%
99,708.93
99,710.32
98.34 5.93%
98,051.60
129.85
0.11%
(1,658.72)
Aaa/AAA
NA
2.46 0.95
379929AD4 GMALT 2023-3 A3 5.38 11/20/2026 75,000.00 08/08/2023
5.38%
74,991.01
74,992.74
100.09
5.60%
75,069.27
123.29
0.09%
76.53 NA/AAA
AAA
2.64 1.47
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 135,000.00 07/12/2022
3.77%
134,987.11
134,993.29
98.54 5.73%
133,023.36
224.40
0.15%
(1,969.93)
Aaa/NA
AAA
2.88 1.04
448979AD6 HART 2023-A A3 4.58 04/15/2027 155,000.00 04/04/2023
5.14%
154,984.87
154,988.54
99.10 5.65%
153,601.65
315.51
0.18%
(1,386.89)
NA/AAA
AAA
3.04 1.73
36265WAD5 GMCAR 2022-3 A3 3.64 04/16/2027 90,000.00 07/06/2022
3.93%
89,999.38
89,999.68
98.40 5.79%
88,558.60
136.50
0.10%
(1,441.08)
Aaa/NA
AAA
3.04 1.32
43815JAC7 HAROT 2023-1 A3 5.04 04/21/2027 70,000.00 02/16/2023
5.09%
69,986.99
69,990.48
99.74 5.59%
69,818.87
98.00 0.08%
(171.61)
Aaa/NA
AAA
3.06 1.74
CONFIDENTIAL | 5
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 220,000.00 10/12/2022
3.29%
219,982.93
219,989.42
99.65 5.67%
219,224.10
497.69
0.25%
(765.32)
Aaa/NA
AAA
3.21 1.33
58770AAC7 MBART 2023-1 A3 4.51 11/15/2027 105,000.00 01/18/2023
4.56%
104,987.40
104,990.77
99.05 5.54%
103,999.86
210.47
0.12%
(990.90)
NA/AAA
AAA
3.63 1.84
362583AD8 GMCAR 2023-2 A3 4.47 02/16/2028 115,000.00 04/04/2023
4.51%
114,996.84
114,997.47
98.91 5.50%
113,748.94
214.19
0.13%
(1,248.54)
Aaa/AAA
NA
3.88 2.28
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2028 125,000.00 06/07/2023
4.87%
124,988.91
124,990.71
99.79 5.37%
124,735.76
270.56
0.14%
(254.95)
NA/AAA
AAA
4.12 1.97
47787CAC7 JDOT 2023-C A3 5.48 05/15/2028 310,000.00 09/12/2023
5.40%
309,978.70
309,981.14
100.71
5.54%
312,215.76
755.02
0.36%
2,234.61
Aaa/NA
AAA
4.12 2.29
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 340,000.00 09/07/2023
5.17%
339,905.75
339,916.02
100.51
5.33%
341,732.95
779.73
0.39%
1,816.93
NR/AAA
AAA
4.46 2.26
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2028 340,000.00 09/12/2023
5.29%
339,984.80
339,986.43
100.69
5.34%
342,333.62
790.31
0.39%
2,347.20
NA/AAA
AAA
4.46 2.25
Total ABS 3,099,134.16 4.29%
3,092,557.79
3,094,847.27
99.35 5.58%
3,078,641.50
5,362.16
3.53%
(16,205.77)
Aaa/AAA
AAA
3.23 1.62
AGENCY
3130A1XJ2 FEDERAL HOME LOAN BANKS 2.875
06/14/2024 155,000.00 03/24/2020
1.02%
167,010.95
155,576.40
99.52 5.23%
154,253.60
1,324.50
0.18%
(1,322.80)
Aaa/AA+
AA+
0.21 0.21
3133ENKS8 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.125 01/06/2025 750,000.00 --
1.59%
740,054.10
747,359.38
96.99 5.20%
727,404.73
1,992.19
0.83%
(19,954.65)
Aaa/AA+
AA+
0.77 0.75
3133ENPG9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.75 02/14/2025 415,000.00 02/10/2022
1.84%
413,891.95
414,677.20
97.17 5.12%
403,250.72
948.16
0.46%
(11,426.48)
Aaa/AA+
AA+
0.88 0.85
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 350,000.00 11/18/2020
0.52%
349,639.50
349,883.74
93.47 4.79%
327,154.94
700.00
0.38%
(22,728.80)
Aaa/AA+
AA+
1.61 1.56
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 700,000.00 03/21/2023
3.99%
715,799.00
712,526.04
100.43
4.38%
702,993.96
1,837.50
0.81%
(9,532.08)
Aaa/AA+
AA+
3.94 3.58
3133EPN50 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 12/15/2028 650,000.00 12/28/2023
3.89%
660,575.50
660,027.18
99.86 4.28%
649,115.69
8,134.03
0.75%
(10,911.49)
Aaa/AA+
AA+
4.71 4.18
Total Agency 3,020,000.00 2.55%
3,046,971.00
3,040,049.95
98.20 4.75%
2,964,173.64
14,936.37
3.40%
(75,876.31)
Aaa/AA+
AA+
2.46 2.25
AGENCY CMBS
3137BNGT5 FHMS K-054 A2 2.745 01/25/2026 500,000.00 02/15/2023
4.65%
474,785.16
484,557.42
96.31 5.20%
481,551.90
1,143.75
0.55%
(3,005.52)
Aaa/AA+
AAA
1.82 1.61
CONFIDENTIAL | 6
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 320,000.00 02/06/2024
4.48%
310,725.00
311,181.29
96.65 5.08%
309,285.41
914.67
0.35%
(1,895.88)
Aaa/AA+
AAA
2.82 2.50
3137FEBQ2 FHMS K-072 A2 3.444 12/25/2027 500,000.00 08/22/2023
4.98%
470,429.69
474,602.54
95.98 5.03%
479,912.75
1,435.00
0.55%
5,310.21
Aaa/AA+
AAA
3.74 3.36
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 465,000.00 05/24/2023
4.27%
446,908.59
450,220.49
95.63 5.03%
444,666.81
1,298.12
0.51%
(5,553.69)
Aaa/AA+
AAA
3.82 3.42
3137FHPJ6 FHMS K-080 A2 3.926 07/25/2028 325,000.00 01/23/2024
4.45%
317,814.45
318,107.56
97.17 5.04%
315,792.68
1,063.29
0.36%
(2,314.87)
Aaa/AA+
AA+
4.32 3.86
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 155,000.00 09/15/2023
4.86%
148,436.72
149,153.25
97.02 5.04%
150,375.65
503.75
0.17%
1,222.40
Aaa/AA+
AAA
4.40 3.92
3137FJXV6 FHMS K-083 A2 4.05 09/25/2028 297,000.00 12/07/2023
4.60%
289,783.83
290,248.17
97.55 5.04%
289,738.29
1,002.38
0.33%
(509.88)
Aaa/AA+
AAA
4.49 3.99
3137H4BY5 FHMS K-746 A2 2.031 09/25/2028 315,000.00 10/03/2023
5.30%
270,973.83
275,346.97
89.52 5.00%
281,981.64
533.14
0.32%
6,634.67
Aaa/AA+
AAA
4.49 4.13
3137FJZ93 FHMS K-084 A2 3.78 10/25/2028 240,000.00 10/20/2023
5.34%
223,818.75
225,245.72
96.43 5.04%
231,440.30
756.00
0.27%
6,194.59
Aaa/AA+
AA+
4.57 4.04
Total Agency
CMBS 3,117,000.00 4.73%
2,953,676.02
2,978,663.40
95.81 5.06%
2,984,745.43
8,650.10
3.43%
6,082.03
Aaa/AA+
AAA
3.65 3.27
CASH
CCYUSD Receivable 88,107.44 --
0.00%
88,107.44
88,107.44
1.00 0.00%
88,107.44
0.00 0.10%
0.00 Aaa/AAA
AAA
0.00 0.00
CCYUSD Receivable 794,399.95 --
0.00%
794,399.95
794,399.95
1.00 0.00%
794,399.95
0.00 0.91%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 882,507.39 0.00%
882,507.39
882,507.39
1.00 0.00%
882,507.39
0.00 1.01%
0.00 Aaa/AAA
AAA
0.00 0.00
COMMERCIAL
PAPER
62479LDC6 MUFG Bank, Ltd., New York Branch
04/12/2024 600,000.00 07/25/2023
5.86%
575,284.67
598,962.33
99.78 5.30%
598,677.00
0.00 0.69%
(285.33)
P-1/A-1
NA
0.03 0.04
Total Commercial
Paper 600,000.00
07/25/2023
5.86%
575,284.67
598,962.33
99.78 5.30%
598,677.00
0.00 0.69%
(285.33)
P-1/A-1
NA
0.03 0.04
CORPORATE
CONFIDENTIAL | 7
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
023135BW5 AMAZON.COM INC 0.45 05/12/2024 130,000.00 05/10/2021
0.50%
129,810.20
129,992.90
99.41 5.66%
129,231.89
225.88
0.15%
(761.01)
A1/AA
AA-
0.11 0.12
91324PEB4 UNITEDHEALTH GROUP INC 0.55
05/15/2024 500,000.00 11/24/2021
1.06%
493,760.00
499,694.25
99.41 5.39%
497,055.52
1,038.89
0.57%
(2,638.74)
A2/A+
A
0.12 0.13
14913R2L0 CATERPILLAR FINANCIAL SERVICES
CORP 0.45 05/17/2024 500,000.00 --
0.66%
497,344.65
499,870.97
99.35 5.57%
496,743.69
837.50
0.57%
(3,127.28)
A2/A
A+
0.13 0.13
89236TJH9 TOYOTA MOTOR CREDIT CORP 0.5
06/18/2024 300,000.00 12/06/2021
1.07%
295,710.00
299,637.46
98.91 5.66%
296,721.62
429.17
0.34%
(2,915.85)
A1/A+
A+
0.22 0.22
79466LAG9 SALESFORCE INC 0.625 07/15/2024 35,000.00 06/29/2021
0.64%
34,982.15
34,998.30
98.61 5.50%
34,514.29
46.18 0.04%
(484.01)
A1/A+
NA
0.29 0.29
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024 80,000.00 08/03/2021
0.52%
79,956.80
79,994.88
98.22 5.61%
78,573.02
57.78 0.09%
(1,421.86)
A1/A+
NA
0.36 0.35
78015K7C2 ROYAL BANK OF CANADA 2.25
11/01/2024 500,000.00 --
0.88%
524,067.75
503,949.75
98.11 5.58%
490,571.62
4,687.50
0.56%
(13,378.13)
A1/A
AA-
0.59 0.57
69371RR57 PACCAR FINANCIAL CORP 0.9
11/08/2024 175,000.00 11/02/2021
0.90%
174,989.50
174,998.81
97.33 5.46%
170,326.52
625.62
0.20%
(4,672.29)
A1/A+
NA
0.61 0.59
06368LGU4 BANK OF MONTREAL 5.2
12/12/2024 400,000.00 03/25/2024
5.42%
399,352.00
399,364.46
99.83 5.44%
399,322.02
6,297.78
0.46%
(42.44)
A2/A-
AA-
0.70 0.67
24422EWB1 JOHN DEERE CAPITAL CORP 2.125
03/07/2025 130,000.00 03/02/2022
2.14%
129,944.10
129,982.66
97.21 5.23%
126,367.98
184.17
0.15%
(3,614.68)
A1/A
A+
0.93 0.91
63743HFE7
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 3.45
06/15/2025
95,000.00 04/27/2022
3.46%
94,974.35
94,990.08
97.87 5.29%
92,978.30
965.04
0.11%
(2,011.78)
A2/A-
A
1.21 1.15
931142EW9 WALMART INC 3.9 09/09/2025 80,000.00 09/06/2022
3.92%
79,944.00
79,973.12
98.56 4.94%
78,851.06
190.67
0.09%
(1,122.06)
Aa2/AA
AA
1.44 1.38
437076CR1 HOME DEPOT INC 4.0 09/15/2025 110,000.00 09/12/2022
4.01%
109,960.40
109,980.71
98.62 4.99%
108,485.76
195.56
0.12%
(1,494.95)
A2/A
A
1.46 1.40
20030NCS8 COMCAST CORP 3.95 10/15/2025 400,000.00 03/11/2024
4.95%
393,932.00
394,130.44
98.33 5.09%
393,318.61
7,285.56
0.45%
(811.83)
A3/A-
A-
1.54 1.45
857477BR3 STATE STREET CORP 1.746
02/06/2026 90,000.00 02/02/2022
1.75%
90,000.00
90,000.00
96.66 5.84%
86,992.06
240.08
0.10%
(3,007.94)
A1/A
AA-
1.85 0.82
037833BY5 APPLE INC 3.25 02/23/2026 400,000.00 05/09/2023
4.05%
391,672.00
394,336.31
97.20 4.81%
388,797.57
1,372.22
0.45%
(5,538.73)
Aaa/AA+
NA
1.90 1.81
61747YET8 MORGAN STANLEY 4.679
07/17/2026 175,000.00 07/18/2022
4.68%
175,000.00
175,000.00
98.92 5.55%
173,114.41
1,683.14
0.20%
(1,885.59)
A1/A-
A+
2.30 1.23
CONFIDENTIAL | 8
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 300,000.00 09/19/2023
5.61%
299,277.00
299,408.39
101.01
5.05%
303,043.30
1,980.15
0.35%
3,634.91
Aa1/A+
AA
2.38 2.13
931142ER0 WALMART INC 1.05 09/17/2026 40,000.00 09/08/2021
1.09%
39,924.40
39,962.78
91.68 4.67%
36,670.06
16.33 0.04%
(3,292.72)
Aa2/AA
AA
2.47 2.38
63743HFK3
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 5.6
11/13/2026
390,000.00 11/14/2023
5.25%
393,666.00
393,193.08
101.32
5.04%
395,133.34
9,039.33
0.45%
1,940.26
A2/A-
A
2.62 2.29
89115A2V3 TORONTO-DOMINION BANK 5.264
12/11/2026 160,000.00 12/04/2023
5.26%
160,000.00
160,000.00
100.65
5.00%
161,038.67
2,573.51
0.18%
1,038.67
A1/A
AA-
2.70 2.45
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 150,000.00 01/10/2024
4.88%
149,962.50
149,965.00
99.78 4.96%
149,671.91
1,462.50
0.17%
(293.09)
A1/A
AA-
2.80 2.57
17275RBQ4 CISCO SYSTEMS INC 4.8 02/26/2027 170,000.00 02/21/2024
4.85%
169,779.00
169,786.06
100.16
4.74%
170,273.45
793.33
0.20%
487.39
A1/AA-
NA
2.91 2.67
857477CL5 STATE STREET CORP 4.993
03/18/2027 365,000.00 03/13/2024
4.99%
365,000.00
365,000.00
100.19
4.92%
365,707.03
658.11
0.42%
707.03
NA/A
AA-
2.96 2.72
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 450,000.00 10/05/2022
4.70%
436,909.50
441,142.82
97.42 4.90%
438,407.28
7,050.00
0.50%
(2,735.54)
A2/A+
A+
3.11 2.84
438516CJ3 HONEYWELL INTERNATIONAL INC
4.95 02/15/2028 400,000.00 02/13/2023
4.44%
408,972.00
406,917.68
101.13
4.62%
404,527.69
2,530.00
0.46%
(2,389.99)
A2/A
A
3.88 3.41
57636QAW4 MASTERCARD INC 4.875
03/09/2028 290,000.00 04/19/2023
4.17%
298,833.40
297,091.89
101.31
4.52%
293,798.70
863.96
0.34%
(3,293.18)
Aa3/A+
NA
3.94 3.48
74456QBU9 PUBLIC SERVICE ELECTRIC AND GAS
CO 3.7 05/01/2028 300,000.00 09/06/2023
5.10%
282,801.00
284,888.80
96.02 4.78%
288,057.23
4,625.00
0.33%
3,168.43
A1/A
WR
4.08 3.68
58933YBH7 MERCK & CO INC 4.05 05/17/2028 90,000.00 05/08/2023
4.07%
89,927.10
89,939.87
98.30 4.50%
88,471.14
1,356.75
0.10%
(1,468.73)
A1/A+
NA
4.13 3.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 410,000.00 01/24/2024
4.64%
409,331.70
409,354.01
99.33 4.75%
407,266.47
3,195.72
0.47%
(2,087.54)
A1/A+
NA
4.84 4.26
Total Corporate 7,615,000.00 3.54%
7,599,783.50
7,597,545.47
99.09 5.12%
7,544,032.22
62,507.41
8.66%
(53,513.26)
A1/A
A+
2.02 1.80
LAIF
90LAIF$00 State Pool 5,448,657.71 --
4.27%
5,448,657.71
5,448,657.71
1.00 4.27%
5,448,657.71
0.00 6.25%
0.00 NA/NA
NA
0.00 0.00
Total LAIF 5,448,657.71 4.27%
5,448,657.71
5,448,657.71
1.00 4.27%
5,448,657.71
0.00 6.25%
0.00 NA/NA
NA
0.00 0.00
CONFIDENTIAL | 9
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
LOCAL GOV
INVESTMENT
POOL
09CATR$05 CalTrust MTF 691,884.12 --
3.95%
6,947,986.87
6,947,986.87
9.76 3.95%
6,752,789.01
0.00 7.75%
(195,197.86)
NA/AAAm
NA
0.00 0.00
90CAMP$00 CAMP 7,810,054.55 --
5.48%
7,810,054.55
7,810,054.55
1.00 5.48%
7,810,054.55
0.00 8.96%
0.00 NA/AAAm
AAA
0.00 0.00
90CAMP$06 CAMP 35,000,000.00 12/31/2023
5.48%
35,000,000.00
35,000,000.00
1.00 5.48%
35,000,000.00
0.00 40.17%
0.00 NA/AAAm
NA
0.00 0.00
Total Local Gov
Investment Pool 43,501,938.67 5.27%
49,758,041.42
49,758,041.42
2.19 5.27%
49,562,843.56
0.00 56.89%
(195,197.86)
NA/
AAAm
AAA
0.00 0.00
MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 238,348.48 --
4.91%
238,348.48
238,348.48
1.00 4.91%
238,348.48
0.00 0.27%
0.00 Aaa/
AAAm
AAA
0.00 0.00
Total Money
Market Fund 238,348.48 4.91%
238,348.48
238,348.48
1.00 4.91%
238,348.48
0.00 0.27%
0.00 Aaa/
AAAm
AAA
0.00 0.00
SUPRANATIONAL
4581X0DZ8 INTER-AMERICAN DEVELOPMENT
BANK 0.5 09/23/2024 260,000.00 09/15/2021
0.52%
259,807.60
259,969.28
97.71 5.42%
254,039.33
28.89 0.29%
(5,929.95)
Aaa/AAA
NA
0.48 0.47
45950KCR9 INTERNATIONAL FINANCE CORP
1.375 10/16/2024 160,000.00 07/12/2021
0.54%
164,304.00
160,716.13
97.93 5.29%
156,683.53
1,008.33
0.18%
(4,032.60)
Aaa/AAA
NA
0.54 0.53
459058KT9
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
3.5 07/12/2028
250,000.00 11/28/2023
4.53%
239,372.50
240,147.82
96.64 4.37%
241,590.56
1,920.14
0.28%
1,442.74
Aaa/AAA
NA
4.28 3.89
459058KW2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPM
4.625 08/01/2028
250,000.00 --
4.97%
246,407.00
246,747.56
101.02
4.36%
252,554.99
1,927.08
0.29%
5,807.43
Aaa/AAA
NA
4.34 3.87
Total
Supranational 920,000.00 2.84%
909,891.10
907,580.78
98.38 4.82%
904,868.41
4,884.44
1.04%
(2,712.38)
Aaa/AAA
NA
2.58 2.34
CONFIDENTIAL | 10
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
US TREASURY
91282CBV2 UNITED STATES TREASURY 0.375
04/15/2024 500,000.00 --
0.37%
500,162.11
500,001.79
99.81 5.02%
499,047.47
865.78
0.57%
(954.32)
Aaa/AA+
AA+
0.04 0.05
912828WJ5 UNITED STATES TREASURY 2.5
05/15/2024 750,000.00 --
1.12%
779,783.21
751,237.65
99.65 5.28%
747,397.85
7,108.52
0.86%
(3,839.80)
Aaa/AA+
AA+
0.12 0.13
91282CCG4 UNITED STATES TREASURY 0.25
06/15/2024 400,000.00 06/17/2021
0.43%
397,890.63
399,855.26
98.95 5.35%
395,804.69
295.08
0.45%
(4,050.57)
Aaa/AA+
AA+
0.21 0.21
912797GB7 UNITED STATES TREASURY
07/11/2024 600,000.00 02/26/2024
5.34%
588,412.50
591,330.83
98.56 5.45%
591,339.25
0.00 0.68%
8.42 P-1/A-1+
F1+
0.28 0.28
912828Y87 UNITED STATES TREASURY 1.75
07/31/2024 300,000.00 01/31/2020
1.36%
305,203.13
300,383.19
98.82 5.31%
296,472.66
879.81
0.34%
(3,910.53)
Aaa/AA+
AA+
0.33 0.33
91282CCT6 UNITED STATES TREASURY 0.375
08/15/2024 400,000.00 08/25/2021
0.45%
399,109.38
399,888.37
98.18 5.31%
392,710.94
189.56
0.45%
(7,177.43)
Aaa/AA+
AA+
0.38 0.37
91282CDH1 UNITED STATES TREASURY 0.75
11/15/2024 750,000.00 11/18/2021
0.83%
748,125.00
749,608.51
97.29 5.23%
729,646.00
2,132.55
0.84%
(19,962.52)
Aaa/AA+
AA+
0.63 0.61
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 750,000.00 02/17/2022
1.71%
742,822.27
747,969.20
96.97 5.13%
727,265.62
1,728.19
0.83%
(20,703.57)
Aaa/AA+
AA+
0.84 0.81
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025 350,000.00 03/25/2021
0.58%
348,906.26
349,727.88
95.64 5.03%
334,726.55
4.78 0.38%
(15,001.33)
Aaa/AA+
AA+
1.00 0.98
912828ZT0 UNITED STATES TREASURY 0.25
05/31/2025 365,000.00 02/25/2021
0.60%
359,653.32
363,538.69
94.71 4.97%
345,694.92
306.66
0.40%
(17,843.76)
Aaa/AA+
AA+
1.17 1.14
91282CEY3 UNITED STATES TREASURY 3.0
07/15/2025 475,000.00 03/15/2024
4.94%
463,273.44
463,612.64
97.66 4.89%
463,867.19
3,014.42
0.53%
254.55
Aaa/AA+
AA+
1.29 1.24
9128284Z0 UNITED STATES TREASURY 2.75
08/31/2025 750,000.00 --
0.99%
800,092.78
768,376.90
97.14 4.87%
728,525.39
1,793.48
0.84%
(39,851.50)
Aaa/AA+
AA+
1.42 1.37
91282CFK2 UNITED STATES TREASURY 3.5
09/15/2025 475,000.00 03/15/2024
4.90%
465,537.11
465,779.75
98.13 4.84%
466,130.86
768.00
0.53%
351.11
Aaa/AA+
AA+
1.46 1.40
91282CFP1 UNITED STATES TREASURY 4.25
10/15/2025 550,000.00 06/23/2023
4.59%
545,982.42
547,318.43
99.18 4.81%
545,466.80
10,793.37
0.63%
(1,851.64)
Aaa/AA+
AA+
1.54 1.45
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 750,000.00 --
0.88%
734,730.47
743,832.21
93.04 4.77%
697,763.67
945.18
0.80%
(46,068.54)
Aaa/AA+
AA+
1.67 1.63
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 750,000.00 02/25/2022
1.91%
760,078.13
754,924.23
95.50 4.63%
716,220.70
46.11 0.82%
(38,703.53)
Aaa/AA+
AA+
2.00 1.90
912828R36 UNITED STATES TREASURY 1.625
05/15/2026 250,000.00 10/14/2021
0.99%
257,148.44
253,307.17
93.99 4.63%
234,970.70
1,540.18
0.27%
(18,336.47)
Aaa/AA+
AA+
2.12 2.04
CONFIDENTIAL | 11
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
912828YG9 UNITED STATES TREASURY 1.625
09/30/2026 300,000.00 12/28/2021
1.24%
305,296.88
302,782.69
93.28 4.50%
279,832.03
13.32 0.32%
(22,950.66)
Aaa/AA+
AA+
2.50 2.39
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 625,000.00 03/29/2022
2.55%
609,912.11
616,452.28
93.88 4.50%
586,718.75
4,739.01
0.67%
(29,733.53)
Aaa/AA+
AA+
2.63 2.50
91282CJP7 UNITED STATES TREASURY 4.375
12/15/2026 300,000.00 12/27/2023
4.02%
302,906.25
302,651.32
99.75 4.47%
299,261.72
3,872.95
0.34%
(3,389.60)
Aaa/AA+
AA+
2.71 2.50
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 750,000.00 --
2.90%
736,449.21
741,572.46
94.68 4.41%
710,097.66
51.23 0.82%
(31,474.80)
Aaa/AA+
AA+
3.00 2.81
912828X88 UNITED STATES TREASURY 2.375
05/15/2027 350,000.00 06/09/2022
3.08%
338,666.02
342,828.11
94.10 4.42%
329,355.47
3,151.44
0.38%
(13,472.64)
Aaa/AA+
AA+
3.12 2.94
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 570,000.00 10/26/2022
4.19%
568,419.14
568,877.84
99.22 4.37%
565,569.14
64.24 0.65%
(3,308.70)
Aaa/AA+
AA+
3.50 3.16
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 800,000.00 12/20/2022
3.84%
743,625.00
758,332.89
93.02 4.35%
744,125.00
6,824.18
0.85%
(14,207.89)
Aaa/AA+
AA+
3.63 3.39
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 500,000.00 05/25/2023
3.98%
497,890.63
498,281.11
98.39 4.34%
491,933.60
4,896.98
0.56%
(6,347.52)
Aaa/AA+
AA+
3.75 3.42
Total US Treasury 13,360,000.00 2.36%
13,300,075.84
13,282,471.38
96.76 4.84%
12,919,944.62
56,025.03
14.83%
(362,526.76)
Aaa/AA+
AA+
1.66 1.56
Total Portfolio 81,802,586.41 4.41%
87,805,794.92
87,827,675.60
36.09 5.06%
87,127,439.96
152,365.52
100.00%
(700,235.64)
Aa2/AA+
AA
0.77 0.66
Total Market
Value + Accrued 87,279,805.48
CONFIDENTIAL | 12
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/01/2024 31846V203 508,050.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (508,050.00) 0.00 (508,050.00) 0.00 Purchase 03/04/2024 31846V203 2,134.30 FIRST AMER:GVT OBLG Y 1.000 4.93% (2,134.30) 0.00 (2,134.30) 0.00 Purchase 03/07/2024 31846V203 1,381.25 FIRST AMER:GVT OBLG Y 1.000 4.91% (1,381.25) 0.00 (1,381.25) 0.00 Purchase 03/08/2024 31846V203 467,762.50 FIRST AMER:GVT OBLG Y 1.000 4.91% (467,762.50) 0.00 (467,762.50) 0.00 Purchase 03/11/2024 31846V203 8,125.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (8,125.00) 0.00 (8,125.00) 0.00 Purchase 03/11/2024 31846V203 524,378.75 FIRST AMER:GVT OBLG Y 1.000 4.91% (524,378.75) 0.00 (524,378.75) 0.00 Purchase 03/13/2024 20030NCS8 400,000.00 COMCAST CORP 3.95 10/15/2025 98.483 4.95% (393,932.00) (6,495.56) (400,427.56) 0.00 Purchase 03/15/2024 31846V203 31,179.81 FIRST AMER:GVT OBLG Y 1.000 4.92% (31,179.81) 0.00 (31,179.81) 0.00 Purchase 03/15/2024 31846V203 8,294.15 FIRST AMER:GVT OBLG Y 1.000 4.92% (8,294.15) 0.00 (8,294.15) 0.00 Purchase 03/18/2024 91282CFK2 475,000.00 UNITED STATES TREASURY 3.5 09/15/2025 98.008 4.90% (465,537.11) (135.53) (465,672.64) 0.00 Purchase 03/18/2024 31846V203 1,027.76 FIRST AMER:GVT OBLG Y 1.000 4.92% (1,027.76) 0.00 (1,027.76) 0.00 Purchase 03/18/2024 91282CEY3 475,000.00 UNITED STATES TREASURY 3.0 07/15/2025 97.531 4.94% (463,273.44) (2,466.35) (465,739.79) 0.00 Purchase 03/18/2024 857477CL5 365,000.00 STATE STREET CORP 4.993 03/18/2027 100.000 4.99% (365,000.00) 0.00 (365,000.00) 0.00 Purchase 03/19/2024 31846V203 2,812.50 FIRST AMER:GVT OBLG Y 1.000 4.92% (2,812.50) 0.00 (2,812.50) 0.00 Purchase 03/19/2024 31846V203 225,000.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (225,000.00) 0.00 (225,000.00) 0.00 Purchase 03/20/2024 31846V203 336.25 FIRST AMER:GVT OBLG Y 1.000 4.92% (336.25) 0.00 (336.25) 0.00 Purchase 03/21/2024 31846V203 7,164.89 FIRST AMER:GVT OBLG Y 1.000 4.92% (7,164.89) 0.00 (7,164.89) 0.00 Purchase 03/25/2024 31846V203 11,355.90 FIRST AMER:GVT OBLG Y 1.000 4.92% (11,355.90) 0.00 (11,355.90) 0.00 Purchase 03/25/2024 31846V203 21,575.40 FIRST AMER:GVT OBLG Y 1.000 4.92% (21,575.40) 0.00 (21,575.40) 0.00 Purchase 03/27/2024 06368LGU4 400,000.00 BANK OF MONTREAL 5.2 12/12/2024 99.838 5.42% (399,352.00) (6,066.67) (405,418.67) 0.00 Purchase 03/28/2024 90CAMP$00 36,081.49 CAMP 1.000 0.00% (36,081.49) 0.00 (36,081.49) 0.00 Purchase 03/28/2024 09CATR$05 2,088.32 CalTrust MTF 9.760 0.00% (20,382.00) 0.00 (20,382.00) 0.00 Total Purchase 3,973,748.27 (3,964,136.50) (15,164.11) (3,979,300.61) 0.00 TOTAL ACQUISITIONS 3,973,748.27 (3,964,136.50) (15,164.11) (3,979,300.61) 0.00
DISPOSITIONS
CONFIDENTIAL | 13
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Maturity 03/08/2024 3130AT3H8 (460,000.00) FEDERAL HOME LOAN BANKS
3.375 03/08/2024 100.000 3.38% 460,000.00 0.00 460,000.00 0.00 Maturity 03/11/2024 89114QCB2 (500,000.00) TORONTO-DOMINION BANK
3.25 03/11/2024 100.000 3.25% 500,000.00 0.00 500,000.00 0.00 Maturity 03/18/2024 808513BN4 (245,000.00) CHARLES SCHWAB CORP 0.75 03/18/2024 100.000 0.75% 245,000.00 0.00 245,000.00 0.00 Maturity 03/19/2024 459058GQ0 (225,000.00)
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 2.5 03/19/2024
100.000 2.50% 225,000.00 0.00 225,000.00 0.00
Maturity 03/31/2024 912828W71 (750,000.00) UNITED STATES TREASURY
2.125 03/31/2024 100.000 2.12% 750,000.00 0.00 750,000.00 0.00 Total Maturity (2,180,000.00) 2,180,000.00 0.00 2,180,000.00 0.00 Sale 03/13/2024 31846V203 (400,427.56) FIRST AMER:GVT OBLG Y 1.000 4.91% 400,427.56 0.00 400,427.56 0.00 Sale 03/18/2024 31846V203 (1,050,283.68) FIRST AMER:GVT OBLG Y 1.000 4.92% 1,050,283.68 0.00 1,050,283.68 0.00 Sale 03/27/2024 31846V203 (405,418.67) FIRST AMER:GVT OBLG Y 1.000 4.93% 405,418.67 0.00 405,418.67 0.00 Total Sale (1,856,129.91) 1,856,129.91 0.00 1,856,129.91 0.00 TOTAL DISPOSITIONS (4,036,129.91) 4,036,129.91 0.00 4,036,129.91 0.00 OTHER
TRANSACTIONS
Call Redemption 03/01/2024 46647PAH9 (500,000.00) JPMORGAN CHASE & CO 3.22 03/01/2025 100.000 0.00% 500,000.00 0.00 500,000.00 0.00 Total Call Redemption (500,000.00) 500,000.00 0.00 500,000.00 0.00 Cash Transfer 03/28/2024 CCYUSD 0.07 Cash 0.00% 0.07 0.00 0.07 0.00 Total Cash Transfer 0.07 0.07 0.00 0.07 0.00
Coupon 03/01/2024 3137BNGT5 0.00 FHMS K-054 A2 2.745
01/25/2026 4.58% 1,143.75 0.00 1,143.75 0.00
Coupon 03/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.48% 914.67 0.00 914.67 0.00
Coupon 03/01/2024 46647PAH9 0.00 JPMORGAN CHASE & CO 3.22 03/01/2025 0.00% 8,050.00 0.00 8,050.00 0.00
Coupon 03/01/2024 3137FEBQ2 0.00 FHMS K-072 A2 3.444
12/25/2027 4.95% 1,435.00 0.00 1,435.00 0.00
CONFIDENTIAL | 14
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/01/2024 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.25% 1,298.13 0.00 1,298.13 0.00
Coupon 03/01/2024 3137FHPJ6 0.00 FHMS K-080 A2 3.926
07/25/2028 4.45% 1,063.29 0.00 1,063.29 0.00
Coupon 03/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9 08/25/2028 4.85% 503.75 0.00 503.75 0.00 Coupon 03/01/2024 3137FJXV6 0.00 FHMS K-083 A2 4.05
09/25/2028 4.59% 1,002.38 0.00 1,002.38 0.00
Coupon 03/01/2024 3137FJZ93 0.00 FHMS K-084 A2 3.78
10/25/2028 5.32% 756.00 0.00 756.00 0.00
Coupon 03/01/2024 3137H4BY5 0.00 FHMS K-746 A2 2.031
09/25/2028 5.26% 533.14 0.00 533.14 0.00
Coupon 03/07/2024 24422EWB1 0.00 JOHN DEERE CAPITAL CORP
2.125 03/07/2025 2.14% 1,381.25 0.00 1,381.25 0.00
Coupon 03/08/2024 3130AT3H8 0.00 FEDERAL HOME LOAN BANKS
3.375 03/08/2024 3.38% 7,762.50 0.00 7,762.50 0.00
Coupon 03/09/2024 931142EW9 0.00 WALMART INC 3.9 09/09/2025 3.92% 1,560.00 0.00 1,560.00 0.00 Coupon 03/09/2024 57636QAW4 0.00 MASTERCARD INC 4.875
03/09/2028 4.17% 7,068.75 0.00 7,068.75 0.00
Coupon 03/10/2024 3130ATS57 0.00 FEDERAL HOME LOAN BANKS
4.5 03/10/2028 3.99% 15,750.00 0.00 15,750.00 0.00
Coupon 03/11/2024 89114QCB2 0.00 TORONTO-DOMINION BANK
3.25 03/11/2024 3.25% 8,125.00 0.00 8,125.00 0.00
Coupon 03/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36 09/15/2025 0.37% 3.73 0.00 3.73 0.00 Coupon 03/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 14.94 0.00 14.94 0.00
Coupon 03/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 23.36 0.00 23.36 0.00
Coupon 03/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90% 220.66 0.00 220.66 0.00
Coupon 03/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36 09/15/2026 2.35% 183.69 0.00 183.69 0.00 Coupon 03/15/2024 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 2.95% 258.91 0.00 258.91 0.00
Coupon 03/15/2024 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.77% 420.75 0.00 420.75 0.00
CONFIDENTIAL | 15
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2024 437076CR1 0.00 HOME DEPOT INC 4.0
09/15/2025 4.01% 2,200.00 0.00 2,200.00 0.00
Coupon 03/15/2024 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 5.15% 933.17 0.00 933.17 0.00
Coupon 03/15/2024 58770AAC7 0.00 MBART 2023-1 A3 4.51
11/15/2027 4.56% 394.62 0.00 394.62 0.00
Coupon 03/15/2024 448979AD6 0.00 HART 2023-A A3 4.58
04/15/2027 4.63% 591.58 0.00 591.58 0.00
Coupon 03/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2028 4.92% 507.29 0.00 507.29 0.00
Coupon 03/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,462.00 0.00 1,462.00 0.00
Coupon 03/15/2024 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.55% 1,415.67 0.00 1,415.67 0.00
Coupon 03/15/2024 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2028 5.29% 1,481.83 0.00 1,481.83 0.00
Coupon 03/15/2024 02582JJT8 0.00 AMXCA 2022-2 A 05/17/2027 3.42% 522.63 0.00 522.63 0.00 Coupon 03/16/2024 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.67% 273.00 0.00 273.00 0.00
Coupon 03/16/2024 362583AD8 0.00 GMCAR 2023-2 A3 4.47
02/16/2028 4.51% 428.38 0.00 428.38 0.00
Coupon 03/17/2024 931142ER0 0.00 WALMART INC 1.05
09/17/2026 1.09% 210.00 0.00 210.00 0.00
Coupon 03/18/2024 808513BN4 0.00 CHARLES SCHWAB CORP 0.75 03/18/2024 0.75% 918.75 0.00 918.75 0.00
Coupon 03/18/2024 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.76% 326.38 0.00 326.38 0.00
Coupon 03/19/2024 459058GQ0 0.00
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 2.5 03/19/2024
2.50% 2,812.50 0.00 2,812.50 0.00
Coupon 03/20/2024 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.45% 336.25 0.00 336.25 0.00
Coupon 03/21/2024 43813GAC5 0.00 HAROT 2021-1 A3 0.27
04/21/2025 0.27% 1.76 0.00 1.76 0.00
CONFIDENTIAL | 16
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90% 36.96 0.00 36.96 0.00
Coupon 03/21/2024 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.10% 294.00 0.00 294.00 0.00
Coupon 03/23/2024 4581X0DZ8 0.00
INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
0.52% 650.00 0.00 650.00 0.00
Coupon 03/25/2024 05601XAC3 0.00 BMWLT 2022-1 A3 1.03
03/25/2025 0.00% 4.99 0.00 4.99 0.00
Coupon 03/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 5.66% 683.75 0.00 683.75 0.00
Coupon 03/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.22% 172.00 0.00 172.00 0.00
Coupon 03/31/2024 912828W71 0.00 UNITED STATES TREASURY
2.125 03/31/2024 2.12% 7,968.75 0.00 7,968.75 0.00
Coupon 03/31/2024 9128286L9 0.00 UNITED STATES TREASURY 2.25 03/31/2026 1.91% 8,437.50 0.00 8,437.50 0.00
Coupon 03/31/2024 912828YG9 0.00 UNITED STATES TREASURY
1.625 09/30/2026 1.24% 2,437.50 0.00 2,437.50 0.00
Coupon 03/31/2024 912828ZF0 0.00 UNITED STATES TREASURY 0.5 03/31/2025 0.58% 875.00 0.00 875.00 0.00
Coupon 03/31/2024 91282CEF4 0.00 UNITED STATES TREASURY 2.5 03/31/2027 2.90% 9,375.00 0.00 9,375.00 0.00
Coupon 03/31/2024 91282CFM8 0.00 UNITED STATES TREASURY
4.125 09/30/2027 4.19% 11,756.25 0.00 11,756.25 0.00
Total Coupon 0.00 116,981.16 0.00 116,981.16 0.00
Dividend 03/28/2024 90CAMP$00 0.00 CAMP 0.00% 36,081.49 0.00 36,081.49 0.00 Dividend 03/28/2024 09CATR$05 0.00 CalTrust MTF 0.00% 20,381.93 0.00 20,381.93 0.00 Dividend 03/31/2024 31846V203 0.00 FIRST AMER:GVT OBLG Y 4.92% 3,549.95 0.00 3,549.95 0.00 Total Dividend 0.00 60,013.37 0.00 60,013.37 0.00
Principal Paydown 03/15/2024 47788UAC6 1,569.30 JDOT 2021 A3 0.36 09/15/2025 0.37% 1,569.30 -- 1,569.30 (0.00) Principal Paydown 03/15/2024 47789QAC4 3,131.44 JDOT 2021-B A3 0.52 03/16/2026 0.52% 3,131.44 -- 3,131.44 (0.00)
CONFIDENTIAL | 17
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 03/15/2024 89238JAC9 3,157.38 TAOT 2021-D A3 0.71 04/15/2026 0.71% 3,157.38 -- 3,157.38 (0.00)
Principal Paydown 03/15/2024 43815BAC4 9,909.68 HAROT 2022-1 A3 1.88 05/15/2026 1.90% 9,909.68 -- 9,909.68 (0.00)
Principal Paydown 03/15/2024 47787JAC2 4,744.42 JDOT 2022 A3 0.36 09/15/2026 2.35% 4,744.42 -- 4,744.42 0.00 Principal Paydown 03/15/2024 89238FAD5 6,326.91 TAOT 2022-B A3 2.93 09/15/2026 2.95% 6,326.91 -- 6,326.91 0.00
Principal Paydown 03/21/2024 43813GAC5 2,623.05 HAROT 2021-1 A3 0.27 04/21/2025 0.27% 2,623.05 -- 2,623.05 0.00
Principal Paydown 03/21/2024 43815GAC3 4,209.12 HAROT 2021-4 A3 0.88 01/21/2026 0.90% 4,209.12 -- 4,209.12 0.00
Principal Paydown 03/25/2024 05601XAC3 5,438.92 BMWLT 2022-1 A3 1.03 03/25/2025 0.00% 5,438.92 -- 5,438.92 0.01
Principal Paydown 03/25/2024 05602RAD3 17,331.53 BMWOT 2022-A A3 3.21 08/25/2026 5.66% 17,331.53 -- 17,331.53 0.00
Total Principal
Paydown 58,441.75 58,441.75 -- 58,441.75 0.00
TOTAL OTHER
TRANSACTIONS (441,558.18) 735,436.35 0.00 735,436.35 0.00 CONFIDENTIAL | 18
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
238,348.48
273,899.93
1,820,578.46
(1,856,129.91)
238,348.48
0.00 2,134.30
0.00 2,134.30
0.00 0.00
0.00 2,134.30
2,134.30
CCYUSD Receivable
882,507.39
70,637.02
0.00 0.00
882,507.39
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 1,120,855.87
344,536.95
1,820,578.46
(1,856,129.91)
1,120,855.87
0.00 2,134.30
0.00 2,134.30
0.00 0.00
0.00 2,134.30 2,134.30
FIXED INCOME
023135BW5 AMAZON.COM INC 0.45
05/12/2024
05/10/2021
05/12/2021
130,000.00
129,987.53
0.00 0.00
129,992.90
177.12
0.00 225.88
48.75 5.37
0.00 5.37
54.12 54.12
02582JJT8 AMXCA 2022-2 A 05/17/2027
05/17/2022
05/24/2022
185,000.00
184,976.88
0.00 0.00
184,978.51
278.73
522.63
278.73
522.63
1.63 0.00
1.63 524.26
524.26
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
125,000.00
124,990.52
0.00 0.00
124,990.71
270.56
507.29
270.56
507.29
0.19 0.00
0.19 507.48
507.48
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2028
09/12/2023
09/19/2023
340,000.00
339,986.17
0.00 0.00
339,986.43
790.31
1,481.83
790.31
1,481.83
0.26 0.00
0.26 1,482.09
1,482.09
037833BY5 APPLE INC 3.25 02/23/2026
05/09/2023
05/11/2023
400,000.00
394,082.95
0.00 0.00
394,336.31
288.89
0.00 1,372.22
1,083.33
253.35
0.00 253.35
1,336.69
1,336.69
CONFIDENTIAL | 19
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
40,000.00
39,999.42
0.00 0.00
39,999.45
34.40 172.00
34.40 172.00
0.03 0.00
0.03 172.03
172.03
05601XAC3 BMWLT 2022-1 A3 1.03
03/25/2025
01/11/2022
01/19/2022
0.00 5,438.71
0.00 (5,438.91)
0.00 1.00
4.99 0.00
3.99 0.21
0.00 0.21
4.20 4.20
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
01/05/2023
01/09/2023
238,276.57
251,105.71
0.00 (17,331.53)
234,222.92
136.75
683.75
127.48
674.48
448.74
0.00 448.74
1,123.21
1,123.21
06368LGU4 BANK OF MONTREAL 5.2
12/12/2024
03/25/2024
03/27/2024
400,000.00
0.00 399,352.00
0.00 399,364.46
0.00 (6,066.67)
6,297.78
231.11
12.46 0.00
12.46 243.57
243.57
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
09/19/2023
09/21/2023
300,000.00
299,387.29
0.00 0.00
299,408.39
598.65
0.00 1,980.15
1,381.50
21.10 0.00
21.10 1,402.60
1,402.60
14913R2L0
CATERPILLAR FINANCIAL
SERVICES CORP 0.45
05/17/2024 500,000.00
499,784.02
0.00 0.00
499,870.97
650.00
0.00 837.50
187.50
86.95 0.00
86.95 274.45
274.45
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
340,000.00
339,914.42
0.00 0.00
339,916.02
779.73
1,462.00
779.73
1,462.00
1.60 0.00
1.60 1,463.60
1,463.60
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
02/21/2024
02/26/2024
170,000.00
169,779.81
0.00 0.00
169,786.06
113.33
0.00 793.33
680.00
6.25 0.00
6.25 686.25
686.25
20030NCS8 COMCAST CORP 3.95
10/15/2025
03/11/2024
03/13/2024
400,000.00
0.00 393,932.00
0.00 394,130.44
0.00 (6,495.56)
7,285.56
790.00
198.44
0.00 198.44
988.43
988.43
CONFIDENTIAL | 20
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
24422EWB1 JOHN DEERE CAPITAL CORP
2.125 03/07/2025
03/02/2022
03/07/2022
130,000.00
129,981.08
0.00 0.00
129,982.66
1,335.21
1,381.25
184.17
230.21
1.58 0.00
1.58 231.79
231.79
3130A1XJ2 FEDERAL HOME LOAN BANKS
2.875 06/14/2024
03/24/2020
03/25/2020
155,000.00
155,817.87
0.00 0.00
155,576.40
953.14
0.00 1,324.50
371.35
0.00 (241.46)
(241.46)
129.89
129.89
3130AT3H8 FEDERAL HOME LOAN BANKS
3.375 03/08/2024
08/25/2022
08/26/2022
0.00 459,993.10
0.00 (460,000.00)
0.00 7,460.62
7,762.50
0.00 301.88
6.90 0.00
6.90 308.78
308.78
3130ATS57 FEDERAL HOME LOAN BANKS
4.5 03/10/2028
03/21/2023
03/22/2023
700,000.00
712,795.88
0.00 0.00
712,526.04
14,962.50
15,750.00
1,837.50
2,625.00
0.00 (269.85)
(269.85)
2,355.15
2,355.15
3133ENKS8
FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025 750,000.00
747,067.03
0.00 0.00
747,359.38
1,289.06
0.00 1,992.19
703.12
292.35
0.00 292.35
995.48
995.48
3133ENPG9
FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.75
02/14/2025
02/10/2022
02/15/2022
415,000.00
414,645.83
0.00 0.00
414,677.20
342.95
0.00 948.16
605.21
31.37 0.00
31.37 636.58
636.58
3133EPN50
FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
650,000.00
660,208.01
0.00 0.00
660,027.18
5,831.94
0.00 8,134.03
2,302.08
0.00 (180.83)
(180.83)
2,121.26
2,121.26
3135G06G3
FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/18/2020
11/19/2020
350,000.00
349,877.58
0.00 0.00
349,883.74
554.17
0.00 700.00
145.83
6.16 0.00
6.16 151.99
151.99
3137BNGT5 FHMS K-054 A2 2.745
01/25/2026
02/15/2023
02/21/2023
500,000.00
483,809.42
0.00 0.00
484,557.42
1,143.75
1,143.75
1,143.75
1,143.75
748.00
0.00 748.00
1,891.75
1,891.75
CONFIDENTIAL | 21
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027
02/06/2024
02/09/2024
320,000.00
310,909.27
0.00 0.00
311,181.29
914.67
914.67
914.67
914.67
272.02
0.00 272.02
1,186.69
1,186.69
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027
08/22/2023
08/25/2023
500,000.00
474,014.54
0.00 0.00
474,602.54
1,435.00
1,435.00
1,435.00
1,435.00
587.99
0.00 587.99
2,022.99
2,022.99
3137FETN0 FHMS K-073 A2 3.35
01/25/2028
05/24/2023
05/30/2023
465,000.00
449,886.07
0.00 0.00
450,220.49
1,298.12
1,298.13
1,298.12
1,298.13
334.43
0.00 334.43
1,632.56
1,632.56
3137FHPJ6 FHMS K-080 A2 3.926
07/25/2028
01/23/2024
01/26/2024
325,000.00
317,969.89
0.00 0.00
318,107.56
1,063.29
1,063.29
1,063.29
1,063.29
137.67
0.00 137.67
1,200.96
1,200.96
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
09/15/2023
09/20/2023
155,000.00
149,038.75
0.00 0.00
149,153.25
503.75
503.75
503.75
503.75
114.50
0.00 114.50
618.25
618.25
3137FJXV6 FHMS K-083 A2 4.05
09/25/2028
12/07/2023
12/12/2023
297,000.00
290,118.49
0.00 0.00
290,248.17
1,002.38
1,002.38
1,002.38
1,002.38
129.68
0.00 129.68
1,132.06
1,132.06
3137FJZ93 FHMS K-084 A2 3.78
10/25/2028
10/20/2023
10/25/2023
240,000.00
224,967.50
0.00 0.00
225,245.72
756.00
756.00
756.00
756.00
278.21
0.00 278.21
1,034.21
1,034.21
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028
10/03/2023
10/06/2023
315,000.00
274,585.35
0.00 0.00
275,346.97
533.14
533.14
533.14
533.14
761.61
0.00 761.61
1,294.75
1,294.75
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028
04/04/2023
04/12/2023
115,000.00
114,997.42
0.00 0.00
114,997.47
214.19
428.38
214.19
428.38
0.06 0.00
0.06 428.44
428.44
CONFIDENTIAL | 22
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
90,000.00
89,999.67
0.00 0.00
89,999.68
136.50
273.00
136.50
273.00
0.01 0.00
0.01 273.01
273.01
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/16/2023
75,000.00
74,992.50
0.00 0.00
74,992.74
123.29
336.25
123.29
336.25
0.23 0.00
0.23 336.48
336.48
437076CR1 HOME DEPOT INC 4.0
09/15/2025
09/12/2022
09/19/2022
110,000.00
109,979.58
0.00 0.00
109,980.71
2,028.89
2,200.00
195.56
366.67
1.12 0.00
1.12 367.79
367.79
43813GAC5 HAROT 2021-1 A3 0.27
04/21/2025
02/17/2021
02/24/2021
5,219.98
7,843.02
0.00 (2,623.05)
5,219.98
0.59 1.76
0.39 1.56
0.00 0.00
0.00 1.57
1.57 43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
130,938.96
140,838.66
0.00 (9,909.68)
130,930.04
117.69
220.66
109.41
212.38
1.06 0.00
1.06 213.44
213.44
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
46,184.62
50,389.50
0.00 (4,209.12)
46,180.91
12.32 36.96
11.29 35.93
0.53 0.00
0.53 36.46
36.46 43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
70,000.00
69,990.22
0.00 0.00
69,990.48
98.00 294.00
98.00 294.00
0.26 0.00
0.26 294.26
294.26
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022
105,000.00
104,996.82
0.00 0.00
104,996.94
141.43
326.38
141.43
326.38
0.11 0.00
0.11 326.49
326.49
438516CJ3 HONEYWELL INTERNATIONAL
INC 4.95 02/15/2028
02/13/2023
02/15/2023
400,000.00
407,072.63
0.00 0.00
406,917.68
880.00
0.00 2,530.00
1,650.00
0.00 (154.95)
(154.95)
1,495.05
1,495.05
CONFIDENTIAL | 23
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
448979AD6 HART 2023-A A3 4.58
04/15/2027
04/04/2023
04/12/2023
155,000.00
154,988.22
0.00 0.00
154,988.54
315.51
591.58
315.51
591.58
0.32 0.00
0.32 591.90
591.90
4581X0DZ8
INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
09/15/2021
09/23/2021
260,000.00
259,963.84
0.00 0.00
259,969.28
570.56
650.00
28.89 108.33
5.44 0.00
5.44 113.78
113.78
459058GQ0
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 2.5 03/19/2024
01/26/2021
01/28/2021
0.00 225,247.17
0.00 (225,000.00)
0.00 2,531.25
2,812.50
0.00 281.25
0.00 (247.17)
(247.17)
34.08 34.08
459058KT9
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
11/28/2023
11/30/2023
250,000.00
239,952.41
0.00 0.00
240,147.82
1,190.97
0.00 1,920.14
729.17
195.40
0.00 195.40
924.57
924.57
459058KW2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.625 08/01/2028 250,000.00
246,683.87
0.00 0.00
246,747.56
963.54
0.00 1,927.08
963.54
63.69 0.00
63.69 1,027.23
1,027.23
45950KCR9 INTERNATIONAL FINANCE
CORP 1.375 10/16/2024
07/12/2021
07/14/2021
160,000.00
160,828.25
0.00 0.00
160,716.13
825.00
0.00 1,008.33
183.33
0.00 (112.12)
(112.12)
71.21 71.21
46647PAH9 JPMORGAN CHASE & CO 3.22
03/01/2025 0.00
500,000.00
0.00 (500,000.00)
0.00 8,050.00
8,050.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 47787CAC7 JDOT 2023-C A3 5.48
05/15/2028
09/12/2023
09/19/2023
310,000.00
309,980.75
0.00 0.00
309,981.14
755.02
1,415.67
755.02
1,415.67
0.39 0.00
0.39 1,416.06
1,416.06
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
90,265.46
94,998.93
0.00 (4,744.42)
90,255.41
97.97 183.69
93.07 178.80
0.89 0.00
0.89 179.69
179.69
CONFIDENTIAL | 24
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47788UAC6 JDOT 2021 A3 0.36
09/15/2025
03/02/2021
03/10/2021
10,854.11
12,423.05
0.00 (1,569.30)
10,853.81
1.99 3.73
1.74 3.48
0.06 0.00
0.06 3.54
3.54 47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
31,356.77
34,487.46
0.00 (3,131.44)
31,356.12
7.97 14.94
7.25 14.22
0.10 0.00
0.10 14.31
14.31 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
135,000.00
134,993.09
0.00 0.00
134,993.29
224.40
420.75
224.40
420.75
0.20 0.00
0.20 420.95
420.95
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
220,000.00
219,989.14
0.00 0.00
219,989.42
497.69
933.17
497.69
933.17
0.28 0.00
0.28 933.45
933.45
57636QAW4 MASTERCARD INC 4.875
03/09/2028
04/19/2023
04/21/2023
290,000.00
297,247.92
0.00 0.00
297,091.89
6,754.58
7,068.75
863.96
1,178.12
0.00 (156.03)
(156.03)
1,022.09
1,022.09
58770AAC7 MBART 2023-1 A3 4.51
11/15/2027
01/18/2023
01/25/2023
105,000.00
104,990.55
0.00 0.00
104,990.77
210.47
394.62
210.47
394.62
0.22 0.00
0.22 394.84
394.84
58933YBH7 MERCK & CO INC 4.05
05/17/2028
05/08/2023
05/17/2023
90,000.00
89,938.63
0.00 0.00
89,939.87
1,053.00
0.00 1,356.75
303.75
1.24 0.00
1.24 304.99
304.99
61747YET8 MORGAN STANLEY 4.679
07/17/2026
07/18/2022
07/20/2022
175,000.00
175,000.00
0.00 0.00
175,000.00
1,000.79
0.00 1,683.14
682.35
0.00 0.00
0.00 682.35
682.35
62479LDC6 MUFG Bank, Ltd., New York
Branch 04/12/2024
07/25/2023
07/25/2023
600,000.00
596,038.00
0.00 0.00
598,962.33
0.00 0.00
0.00 0.00
2,924.33
0.00 2,924.33
2,924.33
2,924.33
CONFIDENTIAL | 25
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
63743HFE7
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
3.45 06/15/2025
04/27/2022
05/04/2022
95,000.00
94,989.38
0.00 0.00
94,990.08
691.92
0.00 965.04
273.12
0.70 0.00
0.70 273.82
273.82
63743HFK3
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
5.6 11/13/2026
11/14/2023
11/16/2023
390,000.00
393,300.09
0.00 0.00
393,193.08
7,219.33
0.00 9,039.33
1,820.00
0.00 (107.01)
(107.01)
1,712.99
1,712.99
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
10/05/2022
10/07/2022
450,000.00
440,900.70
0.00 0.00
441,142.82
5,550.00
0.00 7,050.00
1,500.00
242.13
0.00 242.13
1,742.13
1,742.13
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024
08/03/2021
08/09/2021
80,000.00
79,993.65
0.00 0.00
79,994.88
24.44 0.00
57.78 33.33
1.22 0.00
1.22 34.56
34.56 69371RR57 PACCAR FINANCIAL CORP 0.9
11/08/2024
11/02/2021
11/08/2021
175,000.00
174,998.64
0.00 0.00
174,998.81
494.38
0.00 625.62
131.25
0.17 0.00
0.17 131.42
131.42
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
410,000.00
409,342.67
0.00 0.00
409,354.01
1,624.06
0.00 3,195.72
1,571.67
11.34 0.00
11.34 1,583.01
1,583.01
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
300,000.00
284,574.62
0.00 0.00
284,888.80
3,700.00
0.00 4,625.00
925.00
314.18
0.00 314.18
1,239.18
1,239.18
78015K7C2 ROYAL BANK OF CANADA
2.25 11/01/2024 500,000.00
504,521.91
0.00 0.00
503,949.75
3,750.00
0.00 4,687.50
937.50
0.00 (572.16)
(572.16)
365.34
365.34
78016HZT0 ROYAL BANK OF CANADA
4.875 01/19/2027
01/10/2024
01/19/2024
150,000.00
149,963.94
0.00 0.00
149,965.00
853.12
0.00 1,462.50
609.38
1.06 0.00
1.06 610.44
610.44
CONFIDENTIAL | 26
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
79466LAG9 SALESFORCE INC 0.625
07/15/2024
06/29/2021
07/12/2021
35,000.00
34,997.79
0.00 0.00
34,998.30
27.95 0.00
46.18 18.23
0.50 0.00
0.50 18.73
18.73 808513BN4 CHARLES SCHWAB CORP 0.75
03/18/2024 0.00
244,999.26
0.00 (245,000.00)
0.00 831.98
918.75
0.00 86.77
0.74 0.00
0.74 87.51
87.51 857477BR3 STATE STREET CORP 1.746
02/06/2026
02/02/2022
02/07/2022
90,000.00
90,000.00
0.00 0.00
90,000.00
109.12
0.00 240.08
130.95
0.00 0.00
0.00 130.95
130.95
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
365,000.00
0.00 365,000.00
0.00 365,000.00
0.00 0.00
658.11
658.11
0.00 0.00
0.00 658.11
658.11
89114QCB2 TORONTO-DOMINION BANK
3.25 03/11/2024 0.00
500,229.90
0.00 (500,000.00)
0.00 7,673.61
8,125.00
0.00 451.39
0.00 (229.90)
(229.90)
221.49
221.49
89115A2V3 TORONTO-DOMINION BANK
5.264 12/11/2026
12/04/2023
12/11/2023
160,000.00
160,000.00
0.00 0.00
160,000.00
1,871.64
0.00 2,573.51
701.87
0.00 0.00
0.00 701.87
701.87
89236TJH9 TOYOTA MOTOR CREDIT
CORP 0.5 06/18/2024
12/06/2021
12/08/2021
300,000.00
299,493.38
0.00 0.00
299,637.46
304.17
0.00 429.17
125.00
144.08
0.00 144.08
269.08
269.08
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
04/07/2022
04/13/2022
99,711.26
106,037.13
0.00 (6,326.91)
99,710.32
138.09
258.91
129.85
250.67
0.09 0.00
0.09 250.77
250.77
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026
11/09/2021
11/15/2021
36,326.42
39,483.56
0.00 (3,157.38)
36,326.21
12.46 23.36
11.46 22.36
0.03 0.00
0.03 22.39
22.39 CONFIDENTIAL | 27
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912797GB7 UNITED STATES TREASURY
07/11/2024
02/26/2024
02/27/2024
600,000.00
588,670.00
0.00 0.00
591,330.83
0.00 0.00
0.00 0.00
2,660.83
0.00 2,660.83
2,660.83
2,660.83
9128283F5 UNITED STATES TREASURY
2.25 11/15/2027
12/20/2022
12/21/2022
800,000.00
757,356.57
0.00 0.00
758,332.89
5,291.21
0.00 6,824.18
1,532.97
976.33
0.00 976.33
2,509.29
2,509.29
9128284Z0 UNITED STATES TREASURY
2.75 08/31/2025 750,000.00
769,478.80
0.00 0.00
768,376.90
56.05 0.00
1,793.48
1,737.43
0.00 (1,101.90)
(1,101.90)
635.53
635.53
9128286L9 UNITED STATES TREASURY
2.25 03/31/2026
02/25/2022
02/28/2022
750,000.00
755,133.63
0.00 0.00
754,924.23
7,054.30
0.00 46.11
(7,008.20)
0.00 (209.40)
(209.40)
(7,217.59)
(7,217.59)
912828R36 UNITED STATES TREASURY
1.625 05/15/2026
10/14/2021
10/15/2021
250,000.00
253,439.63
0.00 0.00
253,307.17
1,194.20
0.00 1,540.18
345.98
0.00 (132.46)
(132.46)
213.52
213.52
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
03/29/2022
03/30/2022
625,000.00
616,175.68
0.00 0.00
616,452.28
3,674.45
0.00 4,739.01
1,064.56
276.60
0.00 276.60
1,341.16
1,341.16
912828W71 UNITED STATES TREASURY
2.125 03/31/2024 0.00
750,889.69
0.00 (750,000.00)
0.00 6,662.40
0.00 0.00
(6,662.40)
0.00 (889.69)
(889.69)
(7,552.09)
(7,552.09)
912828WJ5 UNITED STATES TREASURY 2.5
05/15/2024 750,000.00
752,109.63
0.00 0.00
751,237.65
5,511.68
0.00 7,108.52
1,596.84
0.00 (871.98)
(871.98)
724.86
724.86
912828X88 UNITED STATES TREASURY
2.375 05/15/2027
06/09/2022
06/10/2022
350,000.00
342,632.92
0.00 0.00
342,828.11
2,443.51
0.00 3,151.44
707.93
195.20
0.00 195.20
903.13
903.13
CONFIDENTIAL | 28
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828Y87 UNITED STATES TREASURY
1.75 07/31/2024
01/31/2020
01/31/2020
300,000.00
300,481.36
0.00 0.00
300,383.19
432.69
0.00 879.81
447.12
0.00 (98.17)
(98.17)
348.94
348.94
912828YG9 UNITED STATES TREASURY
1.625 09/30/2026
12/28/2021
12/29/2021
300,000.00
302,877.28
0.00 0.00
302,782.69
2,037.91
0.00 13.32
(2,024.59)
0.00 (94.59)
(94.59)
(2,119.18)
(2,119.18)
912828Z52 UNITED STATES TREASURY
1.375 01/31/2025
02/17/2022
02/18/2022
750,000.00
747,762.79
0.00 0.00
747,969.20
849.93
0.00 1,728.19
878.26
206.41
0.00 206.41
1,084.67
1,084.67
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025
03/25/2021
03/29/2021
350,000.00
349,704.70
0.00 0.00
349,727.88
731.56
0.00 4.78
(726.78)
23.18 0.00
23.18 (703.60)
(703.60)
912828ZT0 UNITED STATES TREASURY
0.25 05/31/2025
02/25/2021
02/26/2021
365,000.00
363,432.10
0.00 0.00
363,538.69
229.37
0.00 306.66
77.29 106.59
0.00 106.59
183.88
183.88
91282CAZ4 UNITED STATES TREASURY
0.375 11/30/2025 750,000.00
743,517.73
0.00 0.00
743,832.21
706.97
0.00 945.18
238.22
314.48
0.00 314.48
552.69
552.69
91282CBV2 UNITED STATES TREASURY
0.375 04/15/2024 500,000.00
500,005.75
0.00 0.00
500,001.79
706.97
0.00 865.78
158.81
5.06 (9.02)
(3.96)
154.85
154.85
91282CCG4 UNITED STATES TREASURY
0.25 06/15/2024
06/17/2021
06/18/2021
400,000.00
399,795.43
0.00 0.00
399,855.26
210.38
0.00 295.08
84.70 59.83
0.00 59.83
144.53
144.53
91282CCT6 UNITED STATES TREASURY
0.375 08/15/2024
08/25/2021
08/26/2021
400,000.00
399,862.92
0.00 0.00
399,888.37
61.81 0.00
189.56
127.75
25.45 0.00
25.45 153.19
153.19
CONFIDENTIAL | 29
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CDH1 UNITED STATES TREASURY
0.75 11/15/2024
11/18/2021
11/19/2021
750,000.00
749,555.29
0.00 0.00
749,608.51
1,653.50
0.00 2,132.55
479.05
53.23 0.00
53.23 532.28
532.28
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 750,000.00
741,333.65
0.00 0.00
741,572.46
7,838.11
0.00 51.23
(7,786.89)
238.81
0.00 238.81
(7,548.08)
(7,548.08)
91282CEY3 UNITED STATES TREASURY 3.0
07/15/2025 475,000.00
0.00 463,273.44
0.00 463,612.64
0.00 (2,466.35)
3,014.42
548.07
339.20
0.00 339.20
887.27
887.27
91282CFK2 UNITED STATES TREASURY 3.5
09/15/2025
03/15/2024
03/18/2024
475,000.00
0.00 465,537.11
0.00 465,779.75
0.00 (135.53)
768.00
632.47
242.64
0.00 242.64
875.11
875.11
91282CFM8 UNITED STATES TREASURY
4.125 09/30/2027
10/26/2022
10/27/2022
570,000.00
568,850.60
0.00 0.00
568,877.84
9,829.00
0.00 64.24
(9,764.75)
27.24 0.00
27.24 (9,737.51)
(9,737.51)
91282CFP1 UNITED STATES TREASURY
4.25 10/15/2025
06/23/2023
06/26/2023
550,000.00
547,170.52
0.00 0.00
547,318.43
8,813.52
0.00 10,793.37
1,979.85
147.92
0.00 147.92
2,127.77
2,127.77
91282CGC9 UNITED STATES TREASURY
3.875 12/31/2027
05/25/2023
05/26/2023
500,000.00
498,242.19
0.00 0.00
498,281.11
3,246.91
0.00 4,896.98
1,650.07
38.92 0.00
38.92 1,688.99
1,688.99
91282CJP7 UNITED STATES TREASURY
4.375 12/15/2026
12/27/2023
12/28/2023
300,000.00
302,734.50
0.00 0.00
302,651.32
2,761.27
0.00 3,872.95
1,111.68
0.00 (83.19)
(83.19)
1,028.49
1,028.49
91324PEB4 UNITEDHEALTH GROUP INC
0.55 05/15/2024
11/24/2021
11/29/2021
500,000.00
499,478.84
0.00 0.00
499,694.25
809.72
0.00 1,038.89
229.17
215.41
0.00 215.41
444.58
444.58
CONFIDENTIAL | 30
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
40,000.00
39,961.49
0.00 0.00
39,962.78
191.33
210.00
16.33 35.00
1.28 0.00
1.28 36.28
36.28 931142EW9 WALMART INC 3.9
09/09/2025
09/06/2022
09/09/2022
80,000.00
79,971.54
0.00 0.00
79,973.12
1,490.67
1,560.00
190.67
260.00
1.58 0.00
1.58 261.58
261.58
Total Fixed Income 31,731,134.16
32,142,422.24
2,087,094.55
(2,738,441.75)
31,500,120.60
183,668.46
60,967.05
152,365.52
29,664.11
14,807.43
(5,761.88)
9,045.56
38,709.66 38,709.66
LAIF
90LAIF$00 State Pool
5,448,657.71
5,448,657.71
0.00 0.00
5,448,657.71
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total LAIF 5,448,657.71
5,448,657.71
0.00 0.00
5,448,657.71
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
LOCAL GOV INVESTMENT
POOL
09CATR$05 CalTrust MTF
691,884.12
6,927,604.87
20,382.00
0.00 6,947,986.87
0.00 20,381.93
0.00 20,381.93
0.00 0.00
0.00 20,381.93
20,381.93
90CAMP$00 CAMP
7,810,054.55
7,773,973.06
36,081.49
0.00 7,810,054.55
0.00 36,081.49
0.00 36,081.49
0.00 0.00
0.00 36,081.49
36,081.49
90CAMP$06 CAMP
12/31/2023
12/31/2023
35,000,000.00
35,000,000.00
0.00 0.00
35,000,000.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 CONFIDENTIAL | 31
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total Local Gov Investment
Pool 43,501,938.67
49,701,577.93
56,463.49
0.00 49,758,041.42
0.00 56,463.42
0.00 56,463.42
0.00 0.00
0.00 56,463.42 56,463.42
TOTAL PORTFOLIO 81,802,586.41
87,637,194.83
3,964,136.50
(4,594,571.66)
87,827,675.60
183,668.46
119,564.77
152,365.52
88,261.83
14,807.43
(5,761.88)
9,045.56
97,307.38 97,307.38
CONFIDENTIAL | 32
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
APRIL 2024
04/01/2024 Dividend 31846V203 0.00 3,549.95 3,549.95
04/01/2024 Dividend 0.00 19,604.72 19,604.72
04/01/2024 Coupon 912828ZF0 0.00 UNITED STATES TREASURY 0.5 03/31/2025 875.00 875.00 04/01/2024 Coupon 912828YG9 0.00 UNITED STATES TREASURY 1.625 09/30/2026 2,437.50 2,437.50 04/01/2024 Coupon 912828W71 0.00 UNITED STATES TREASURY 2.125 03/31/2024 7,968.75 7,968.75 04/01/2024 Maturity 912828W71 (750,000.00) UNITED STATES TREASURY 2.125 03/31/2024 750,000.00 750,000.00 04/01/2024 Coupon 9128286L9 0.00 UNITED STATES TREASURY 2.25 03/31/2026 8,437.50 8,437.50 04/01/2024 Coupon 91282CEF4 0.00 UNITED STATES TREASURY 2.5 03/31/2027 9,375.00 9,375.00 04/01/2024 Coupon 91282CFM8 0.00 UNITED STATES TREASURY 4.125 09/30/2027 11,756.25 11,756.25 04/12/2024 Maturity 62479LDC6 (600,000.00) MUFG Bank, Ltd., New York Branch 04/12/2024 600,000.00 600,000.00 04/15/2024 Dividend 90LAIF$00 5,448,657.71 State Pool 18,472.46 18,472.46 04/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 04/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 273.00 273.00 04/16/2024 Coupon 45950KCR9 160,000.00 INTERNATIONAL FINANCE CORP 1.375 10/16/2024 1,100.00 1,100.00
04/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 326.38 326.38 04/22/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 04/22/2024 Coupon 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 1.38 1.38 04/22/2024 Principal Paydown 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 2,457.51 2,457.51 04/22/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 33.87 33.87 04/22/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 4,295.58 4,295.58 04/22/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 04/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 172.00 172.00 04/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 2,727.50 2,727.50 04/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 642.44 642.44 04/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 17,651.35 17,651.35 04/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 04/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 04/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 04/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 04/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 CONFIDENTIAL | 33
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
04/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 04/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 04/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 04/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 April 2024 Total 1,418,759.08 53,107.80 1,471,866.87
MAY 2024
05/01/2024 Coupon 74456QBU9 300,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 5,550.00 5,550.00
05/01/2024 Coupon 78015K7C2 500,000.00 ROYAL BANK OF CANADA 2.25 11/01/2024 5,625.00 5,625.00 05/07/2024 Coupon 3135G06G3 350,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 11/07/2025 875.00 875.00
05/08/2024 Coupon 69371RR57 175,000.00 PACCAR FINANCIAL CORP 0.9 11/08/2024 787.50 787.50 05/10/2024 Coupon 665859AW4 450,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 9,000.00 9,000.00 05/13/2024 Coupon 023135BW5 130,000.00 AMAZON.COM INC 0.45 05/12/2024 292.50 292.50 05/13/2024 Final Maturity 023135BW5 130,000.00 AMAZON.COM INC 0.45 05/12/2024 130,000.00 130,000.00 05/13/2024 Coupon 63743HFK3 390,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.6 11/13/2026 11,587.33 11,587.33
05/15/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 05/15/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 05/15/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 05/15/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 05/15/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 189.83 189.83 05/15/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 9,396.82 9,396.82 05/15/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 05/15/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 05/15/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 161.71 161.71 05/15/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 6,329.42 6,329.42 05/15/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 2.73 2.73 05/15/2024 Principal Paydown 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1,793.69 1,793.69 05/15/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 11.86 11.86 05/15/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 4,054.47 4,054.47 05/15/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 420.75 420.75 CONFIDENTIAL | 34
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
05/15/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 7,071.41 7,071.41 05/15/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 933.17 933.17 05/15/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 05/15/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 226.74 226.74 05/15/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 6,586.81 6,586.81 05/15/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 19.44 19.44 05/15/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 3,321.66 3,321.66 05/15/2024 Coupon 9128283F5 800,000.00 UNITED STATES TREASURY 2.25 11/15/2027 9,000.00 9,000.00 05/15/2024 Coupon 912828R36 250,000.00 UNITED STATES TREASURY 1.625 05/15/2026 2,031.25 2,031.25 05/15/2024 Coupon 912828U24 625,000.00 UNITED STATES TREASURY 2.0 11/15/2026 6,250.00 6,250.00 05/15/2024 Coupon 912828WJ5 750,000.00 UNITED STATES TREASURY 2.5 05/15/2024 9,375.00 9,375.00 05/15/2024 Final Maturity 912828WJ5 750,000.00 UNITED STATES TREASURY 2.5 05/15/2024 750,000.00 750,000.00 05/15/2024 Coupon 912828X88 350,000.00 UNITED STATES TREASURY 2.375 05/15/2027 4,156.25 4,156.25 05/15/2024 Coupon 91282CDH1 750,000.00 UNITED STATES TREASURY 0.75 11/15/2024 2,812.50 2,812.50 05/15/2024 Coupon 91324PEB4 500,000.00 UNITEDHEALTH GROUP INC 0.55 05/15/2024 1,375.00 1,375.00 05/15/2024 Final Maturity 91324PEB4 500,000.00 UNITEDHEALTH GROUP INC 0.55 05/15/2024 500,000.00 500,000.00 05/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 05/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 273.00 273.00 05/17/2024 Coupon 14913R2L0 500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 0.45 05/17/2024 1,125.00 1,125.00
05/17/2024 Final Maturity 14913R2L0 500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 0.45 05/17/2024 500,000.00 500,000.00
05/17/2024 Coupon 58933YBH7 90,000.00 MERCK & CO INC 4.05 05/17/2028 1,822.50 1,822.50 05/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 05/20/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 326.38 326.38 05/20/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 4,459.19 4,459.19 05/21/2024 Coupon 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 0.83 0.83 05/21/2024 Principal Paydown 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 2,385.38 2,385.38 05/21/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 30.72 30.72 05/21/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 4,141.07 4,141.07 05/21/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 05/27/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 160.27 160.27 CONFIDENTIAL | 35
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
05/27/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 5,598.64 5,598.64 05/27/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 595.22 595.22 05/27/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 16,911.20 16,911.20 05/27/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 05/27/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 05/27/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 05/27/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 05/27/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 05/27/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 05/27/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 05/27/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 05/27/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 05/31/2024 Coupon 912828ZT0 365,000.00 UNITED STATES TREASURY 0.25 05/31/2025 456.25 456.25 05/31/2024 Coupon 91282CAZ4 750,000.00 UNITED STATES TREASURY 0.375 11/30/2025 1,406.25 1,406.25 May 2024 Total 1,952,049.77 92,964.33 2,045,014.10
JUNE 2024
06/11/2024 Coupon 89115A2V3 160,000.00 TORONTO-DOMINION BANK 5.264 12/11/2026 4,211.20 4,211.20 06/12/2024 Coupon 06368LGU4 400,000.00 BANK OF MONTREAL 5.2 12/12/2024 10,400.00 10,400.00 06/14/2024 Coupon 3130A1XJ2 155,000.00 FEDERAL HOME LOAN BANKS 2.875 06/14/2024 2,228.12 2,228.12 06/14/2024 Final Maturity 3130A1XJ2 155,000.00 FEDERAL HOME LOAN BANKS 2.875 06/14/2024 155,000.00 155,000.00 06/17/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 06/17/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 06/17/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 06/17/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 06/17/2024 Coupon 3133EPN50 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 12/15/2028 13,812.50 13,812.50
06/17/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 06/17/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 273.00 273.00 06/17/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 5,146.96 5,146.96 06/17/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 175.11 175.11 06/17/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 9,195.93 9,195.93 06/17/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 CONFIDENTIAL | 36
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/17/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 06/17/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 149.47 149.47 06/17/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 5,258.93 5,258.93 06/17/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 2.19 2.19 06/17/2024 Principal Paydown 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1,494.06 1,494.06 06/17/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 10.10 10.10 06/17/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 2,325.67 2,325.67 06/17/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 398.71 398.71 06/17/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 6,674.46 6,674.46 06/17/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 933.17 933.17 06/17/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 06/17/2024 Coupon 63743HFE7 95,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 1,638.75 1,638.75
06/17/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 210.66 210.66 06/17/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 6,464.57 6,464.57 06/17/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 17.48 17.48 06/17/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 3,058.49 3,058.49 06/17/2024 Coupon 91282CCG4 400,000.00 UNITED STATES TREASURY 0.25 06/15/2024 500.00 500.00 06/17/2024 Final Maturity 91282CCG4 400,000.00 UNITED STATES TREASURY 0.25 06/15/2024 400,000.00 400,000.00 06/17/2024 Coupon 91282CJP7 300,000.00 UNITED STATES TREASURY 4.375 12/15/2026 6,562.50 6,562.50 06/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 312.51 312.51 06/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 7,110.16 7,110.16 06/18/2024 Coupon 89236TJH9 300,000.00 TOYOTA MOTOR CREDIT CORP 0.5 06/18/2024 750.00 750.00 06/18/2024 Final Maturity 89236TJH9 300,000.00 TOYOTA MOTOR CREDIT CORP 0.5 06/18/2024 300,000.00 300,000.00 06/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 06/21/2024 Coupon 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 0.29 0.29 06/21/2024 Effective Maturity 43813GAC5 5,219.98 HAROT 2021-1 A3 0.27 04/21/2025 1,305.32 1,305.32 06/21/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 27.68 27.68 06/21/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 4,044.40 4,044.40 06/21/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 06/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 136.20 136.20 06/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 5,504.95 5,504.95 CONFIDENTIAL | 37
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 549.98 549.98 06/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 15,835.38 15,835.38 06/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 06/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 06/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 06/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 06/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 06/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 06/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 06/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 06/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 June 2024 Total 928,419.27 59,383.98 987,803.25
JULY 2024
07/01/2024 Coupon 91282CGC9 500,000.00 UNITED STATES TREASURY 3.875 12/31/2027 9,687.50 9,687.50 07/08/2024 Coupon 3133ENKS8 750,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.125 01/06/2025 4,218.75 4,218.75
07/11/2024 Final Maturity 912797GB7 600,000.00 UNITED STATES TREASURY 07/11/2024 600,000.00 600,000.00 07/12/2024 Coupon 459058KT9 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 4,375.00 4,375.00
07/15/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 07/15/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 07/15/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 07/15/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 07/15/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 160.70 160.70 07/15/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 8,968.83 8,968.83 07/15/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 07/15/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 07/15/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 139.31 139.31 07/15/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 6,197.84 6,197.84 07/15/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1.74 1.74 07/15/2024 Principal Paydown 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1,545.51 1,545.51 07/15/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 9.09 9.09 CONFIDENTIAL | 38
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/15/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 1,788.40 1,788.40 07/15/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 377.91 377.91 07/15/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 6,222.80 6,222.80 07/15/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 933.17 933.17 07/15/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 07/15/2024 Coupon 79466LAG9 35,000.00 SALESFORCE INC 0.625 07/15/2024 109.38 109.38 07/15/2024 Final Maturity 79466LAG9 35,000.00 SALESFORCE INC 0.625 07/15/2024 35,000.00 35,000.00 07/15/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 194.88 194.88 07/15/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 6,308.11 6,308.11 07/15/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 15.67 15.67 07/15/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,791.20 2,791.20 07/15/2024 Coupon 91282CEY3 475,000.00 UNITED STATES TREASURY 3.0 07/15/2025 7,125.00 7,125.00 07/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 07/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 257.39 257.39 07/16/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 5,409.15 5,409.15 07/17/2024 Coupon 61747YET8 175,000.00 MORGAN STANLEY 4.679 07/17/2026 4,094.12 4,094.12 07/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 290.41 290.41 07/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 6,922.94 6,922.94 07/19/2024 Coupon 78016HZT0 150,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 3,656.25 3,656.25 07/22/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 07/22/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 24.72 24.72 07/22/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 3,515.09 3,515.09 07/22/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 07/23/2024 Coupon 6174468C6 394,000.00 MORGAN STANLEY 4.0 07/23/2025 7,880.00 7,880.00 07/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 112.53 112.53 07/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 5,174.90 5,174.90 07/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 507.62 507.62 07/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 15,524.40 15,524.40 07/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 07/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 07/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 07/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 CONFIDENTIAL | 39
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 07/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 07/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 07/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 07/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 07/31/2024 Coupon 69371RS80 410,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 9,430.00 9,430.00 07/31/2024 Coupon 912828Y87 300,000.00 UNITED STATES TREASURY 1.75 07/31/2024 2,625.00 2,625.00 07/31/2024 Final Maturity 912828Y87 300,000.00 UNITED STATES TREASURY 1.75 07/31/2024 300,000.00 300,000.00 07/31/2024 Coupon 912828Z52 750,000.00 UNITED STATES TREASURY 1.375 01/31/2025 5,156.25 5,156.25 July 2024 Total 1,005,369.17 77,466.73 1,082,835.90
AUGUST 2024
08/01/2024 Coupon 459058KW2 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.625 08/01/2028 5,781.25 5,781.25
08/06/2024 Coupon 857477BR3 90,000.00 STATE STREET CORP 1.746 02/06/2026 785.70 785.70 08/09/2024 Coupon 69371RR40 80,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 200.00 200.00 08/09/2024 Final Maturity 69371RR40 80,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 80,000.00 80,000.00 08/14/2024 Coupon 3133ENPG9 415,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.75 02/14/2025 3,631.25 3,631.25
08/15/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 08/15/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 08/15/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 08/15/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 08/15/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 146.65 146.65 08/15/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 8,676.02 8,676.02 08/15/2024 Coupon 438516CJ3 400,000.00 HONEYWELL INTERNATIONAL INC 4.95 02/15/2028 9,900.00 9,900.00
08/15/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 08/15/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 08/15/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 127.32 127.32 08/15/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 5,503.48 5,503.48 08/15/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1.28 1.28 08/15/2024 Principal Paydown 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1,744.68 1,744.68 CONFIDENTIAL | 40
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
08/15/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 8.32 8.32 08/15/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 1,885.08 1,885.08 08/15/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 358.51 358.51 08/15/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 5,533.54 5,533.54 08/15/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 933.17 933.17 08/15/2024 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 6,715.37 6,715.37 08/15/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 08/15/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 179.47 179.47 08/15/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 6,115.62 6,115.62 08/15/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 14.02 14.02 08/15/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,702.06 2,702.06 08/15/2024 Coupon 91282CCT6 400,000.00 UNITED STATES TREASURY 0.375 08/15/2024 750.00 750.00 08/15/2024 Final Maturity 91282CCT6 400,000.00 UNITED STATES TREASURY 0.375 08/15/2024 400,000.00 400,000.00 08/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 08/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 240.98 240.98 08/16/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 5,441.71 5,441.71 08/19/2024 Coupon 06428CAA2 300,000.00 BANK OF AMERICA NA 5.526 08/18/2026 8,289.00 8,289.00 08/19/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 268.89 268.89 08/19/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 6,693.49 6,693.49 08/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 08/21/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 22.14 22.14 08/21/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 3,401.01 3,401.01 08/21/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 08/23/2024 Coupon 037833BY5 400,000.00 APPLE INC 3.25 02/23/2026 6,500.00 6,500.00 08/26/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 90.27 90.27 08/26/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 4,530.47 4,530.47 08/26/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 466.10 466.10 08/26/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 15,113.61 15,113.61 08/26/2024 Coupon 17275RBQ4 170,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 4,080.00 4,080.00 08/26/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 08/26/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 08/26/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 CONFIDENTIAL | 41
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
08/26/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 08/26/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 08/26/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 08/26/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 08/26/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 08/26/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 August 2024 Total 554,056.15 58,858.67 612,914.82
SEPTEMBER 2024
09/03/2024 Coupon 9128284Z0 750,000.00 UNITED STATES TREASURY 2.75 08/31/2025 10,312.50 10,312.50 09/09/2024 Coupon 24422EWB1 130,000.00 JOHN DEERE CAPITAL CORP 2.125 03/07/2025 1,381.25 1,381.25 09/09/2024 Coupon 57636QAW4 290,000.00 MASTERCARD INC 4.875 03/09/2028 7,068.75 7,068.75 09/09/2024 Coupon 931142EW9 80,000.00 WALMART INC 3.9 09/09/2025 1,560.00 1,560.00 09/10/2024 Coupon 3130ATS57 700,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 15,750.00 15,750.00 09/16/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 09/16/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 09/16/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 09/16/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 09/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 09/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 224.47 224.47 09/16/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 5,316.94 5,316.94 09/16/2024 Coupon 437076CR1 110,000.00 HOME DEPOT INC 4.0 09/15/2025 2,200.00 2,200.00 09/16/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 133.06 133.06 09/16/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 8,457.15 8,457.15 09/16/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 09/16/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 09/16/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 116.68 116.68 09/16/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 5,415.09 5,415.09 09/16/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 0.76 0.76 09/16/2024 Principal Paydown 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 1,795.52 1,795.52 09/16/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 7.50 7.50 09/16/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 1,855.85 1,855.85 09/16/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 341.27 341.27 CONFIDENTIAL | 42
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/16/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 5,853.65 5,853.65 09/16/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 904.68 904.68 09/16/2024 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 11,685.05 11,685.05 09/16/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 09/16/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 164.54 164.54 09/16/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 5,623.24 5,623.24 09/16/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 12.42 12.42 09/16/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,637.65 2,637.65 09/16/2024 Coupon 91282CFK2 475,000.00 UNITED STATES TREASURY 3.5 09/15/2025 8,312.50 8,312.50 09/17/2024 Coupon 931142ER0 40,000.00 WALMART INC 1.05 09/17/2026 210.00 210.00 09/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 248.09 248.09 09/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 6,527.12 6,527.12 09/18/2024 Coupon 857477CL5 365,000.00 STATE STREET CORP 4.993 03/18/2027 9,112.22 9,112.22 09/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 09/23/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 19.64 19.64 09/23/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 3,314.29 3,314.29 09/23/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 09/23/2024 Coupon 4581X0DZ8 260,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 650.00 650.00
09/23/2024 Final Maturity 4581X0DZ8 260,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 260,000.00 260,000.00
09/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 70.79 70.79 09/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 4,151.56 4,151.56 09/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 425.67 425.67 09/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 13,963.02 13,963.02 09/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 09/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 09/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 09/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 09/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 09/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 09/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 CONFIDENTIAL | 43
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 09/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 09/30/2024 Coupon 9128286L9 750,000.00 UNITED STATES TREASURY 2.25 03/31/2026 8,437.50 8,437.50 09/30/2024 Coupon 912828YG9 300,000.00 UNITED STATES TREASURY 1.625 09/30/2026 2,437.50 2,437.50 09/30/2024 Coupon 912828ZF0 350,000.00 UNITED STATES TREASURY 0.5 03/31/2025 875.00 875.00 09/30/2024 Coupon 91282CEF4 750,000.00 UNITED STATES TREASURY 2.5 03/31/2027 9,375.00 9,375.00 09/30/2024 Coupon 91282CFM8 570,000.00 UNITED STATES TREASURY 4.125 09/30/2027 11,756.25 11,756.25 September 2024 Total 336,596.11 108,192.40 444,788.51
OCTOBER 2024
10/07/2024 Coupon 89115A2W1 400,000.00 TORONTO-DOMINION BANK 4.98 04/05/2027 9,960.00 9,960.00 10/15/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 10/15/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 10/15/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 10/15/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 10/15/2024 Coupon 20030NCS8 400,000.00 COMCAST CORP 3.95 10/15/2025 7,900.00 7,900.00 10/15/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 119.81 119.81 10/15/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 8,146.53 8,146.53 10/15/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 10/15/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 10/15/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 106.22 106.22 10/15/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 6,038.58 6,038.58 10/15/2024 Coupon 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 0.22 0.22 10/15/2024 Effective Maturity 47788UAC6 9,174.28 JDOT 2021 A3 0.36 09/15/2025 727.67 727.67 10/15/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 6.70 6.70 10/15/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 1,935.21 1,935.21 10/15/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 323.02 323.02 10/15/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 6,609.69 6,609.69 10/15/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 855.12 855.12 10/15/2024 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 9,264.01 9,264.01 10/15/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 394.62 394.62 10/15/2024 Principal Paydown 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 4,504.53 4,504.53 10/15/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 150.81 150.81 CONFIDENTIAL | 44
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
10/15/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 5,388.66 5,388.66 10/15/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 10.86 10.86 10/15/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,541.95 2,541.95 10/15/2024 Coupon 91282CFP1 550,000.00 UNITED STATES TREASURY 4.25 10/15/2025 11,687.50 11,687.50 10/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 10/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 208.35 208.35 10/16/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 5,095.32 5,095.32 10/16/2024 Coupon 45950KCR9 160,000.00 INTERNATIONAL FINANCE CORP 1.375 10/16/2024 1,100.00 1,100.00
10/16/2024 Final Maturity 45950KCR9 160,000.00 INTERNATIONAL FINANCE CORP 1.375 10/16/2024 160,000.00 160,000.00
10/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 227.80 227.80 10/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 6,278.86 6,278.86 10/21/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 10/21/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 17.21 17.21 10/21/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 3,194.62 3,194.62 10/21/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 10/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 52.94 52.94 10/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 3,910.66 3,910.66 10/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 388.32 388.32 10/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 13,472.15 13,472.15 10/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 10/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 10/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 10/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 10/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 10/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 10/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 10/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 10/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 October 2024 Total 237,108.42 49,199.21 286,307.64
NOVEMBER 2024
CONFIDENTIAL | 45
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
11/01/2024 Coupon 74456QBU9 300,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 5,550.00 5,550.00
11/01/2024 Coupon 78015K7C2 500,000.00 ROYAL BANK OF CANADA 2.25 11/01/2024 5,625.00 5,625.00 11/01/2024 Final Maturity 78015K7C2 500,000.00 ROYAL BANK OF CANADA 2.25 11/01/2024 500,000.00 500,000.00 11/07/2024 Coupon 3135G06G3 350,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 11/07/2025 875.00 875.00
11/08/2024 Coupon 69371RR57 175,000.00 PACCAR FINANCIAL CORP 0.9 11/08/2024 787.50 787.50 11/08/2024 Final Maturity 69371RR57 175,000.00 PACCAR FINANCIAL CORP 0.9 11/08/2024 175,000.00 175,000.00 11/12/2024 Coupon 665859AW4 450,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 9,000.00 9,000.00 11/13/2024 Coupon 63743HFK3 390,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.6 11/13/2026 10,920.00 10,920.00
11/15/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 11/15/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 11/15/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 11/15/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 11/15/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 107.04 107.04 11/15/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 7,463.92 7,463.92 11/15/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 11/15/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 11/15/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 94.54 94.54 11/15/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 6,512.40 6,512.40 11/15/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 5.86 5.86 11/15/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 2,299.34 2,299.34 11/15/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 302.42 302.42 11/15/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 6,887.84 6,887.84 11/15/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 815.82 815.82 11/15/2024 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 10,114.37 10,114.37 11/15/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 377.70 377.70 11/15/2024 Principal Paydown 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 5,427.69 5,427.69 11/15/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 137.65 137.65 11/15/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 4,950.65 4,950.65 11/15/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 9.35 9.35 CONFIDENTIAL | 46
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
11/15/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,482.87 2,482.87 11/15/2024 Coupon 9128283F5 800,000.00 UNITED STATES TREASURY 2.25 11/15/2027 9,000.00 9,000.00 11/15/2024 Coupon 912828R36 250,000.00 UNITED STATES TREASURY 1.625 05/15/2026 2,031.25 2,031.25 11/15/2024 Coupon 912828U24 625,000.00 UNITED STATES TREASURY 2.0 11/15/2026 6,250.00 6,250.00 11/15/2024 Coupon 912828X88 350,000.00 UNITED STATES TREASURY 2.375 05/15/2027 4,156.25 4,156.25 11/15/2024 Coupon 91282CDH1 750,000.00 UNITED STATES TREASURY 0.75 11/15/2024 2,812.50 2,812.50 11/15/2024 Final Maturity 91282CDH1 750,000.00 UNITED STATES TREASURY 0.75 11/15/2024 750,000.00 750,000.00 11/18/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 11/18/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 192.89 192.89 11/18/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 4,979.43 4,979.43 11/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 208.28 208.28 11/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 6,124.85 6,124.85 11/18/2024 Coupon 58933YBH7 90,000.00 MERCK & CO INC 4.05 05/17/2028 1,822.50 1,822.50 11/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 11/21/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 14.87 14.87 11/21/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 3,114.84 3,114.84 11/21/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 11/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 36.13 36.13 11/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 4,137.03 4,137.03 11/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 352.28 352.28 11/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 13,173.21 13,173.21 11/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 11/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 11/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 11/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 11/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 11/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 11/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 11/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 11/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 November 2024 Total 1,502,668.46 77,174.56 1,579,843.02 DECEMBER 2024
CONFIDENTIAL | 47
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/02/2024 Coupon 912828ZT0 365,000.00 UNITED STATES TREASURY 0.25 05/31/2025 456.25 456.25 12/02/2024 Coupon 91282CAZ4 750,000.00 UNITED STATES TREASURY 0.375 11/30/2025 1,406.25 1,406.25 12/11/2024 Coupon 89115A2V3 160,000.00 TORONTO-DOMINION BANK 5.264 12/11/2026 4,211.20 4,211.20 12/12/2024 Coupon 06368LGU4 400,000.00 BANK OF MONTREAL 5.2 12/12/2024 10,400.00 10,400.00 12/12/2024 Final Maturity 06368LGU4 400,000.00 BANK OF MONTREAL 5.2 12/12/2024 400,000.00 400,000.00 12/16/2024 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 12/16/2024 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 12/16/2024 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 12/16/2024 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 12/16/2024 Coupon 3133EPN50 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 12/15/2028 13,812.50 13,812.50
12/16/2024 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 12/16/2024 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 177.79 177.79 12/16/2024 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 4,705.70 4,705.70 12/16/2024 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 95.35 95.35 12/16/2024 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 7,130.00 7,130.00 12/16/2024 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 591.58 591.58 12/16/2024 Principal Paydown 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 8,933.38 8,933.38 12/16/2024 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 12/16/2024 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 81.95 81.95 12/16/2024 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 4,599.90 4,599.90 12/16/2024 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 4.86 4.86 12/16/2024 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 1,642.08 1,642.08 12/16/2024 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 280.96 280.96 12/16/2024 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 5,451.70 5,451.70 12/16/2024 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 772.92 772.92 12/16/2024 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 8,317.75 8,317.75 12/16/2024 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 357.30 357.30 12/16/2024 Principal Paydown 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 5,129.08 5,129.08 12/16/2024 Coupon 63743HFE7 95,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 1,638.75 1,638.75
12/16/2024 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 125.57 125.57 CONFIDENTIAL | 48
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/16/2024 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 4,733.68 4,733.68 12/16/2024 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 7.89 7.89 12/16/2024 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,374.76 2,374.76 12/16/2024 Coupon 91282CJP7 300,000.00 UNITED STATES TREASURY 4.375 12/15/2026 6,562.50 6,562.50 12/18/2024 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 189.25 189.25 12/18/2024 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 5,841.00 5,841.00 12/20/2024 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 12/23/2024 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 12.59 12.59 12/23/2024 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 2,984.33 2,984.33 12/23/2024 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 294.00 294.00 12/23/2024 Principal Paydown 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 3,234.82 3,234.82 12/25/2024 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 18.34 18.34 12/25/2024 Principal Paydown 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 4,260.42 4,260.42 12/25/2024 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 317.04 317.04 12/25/2024 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 12,569.41 12,569.41 12/25/2024 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 12/25/2024 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 12/25/2024 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 12/25/2024 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 12/25/2024 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 12/25/2024 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 12/25/2024 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 12/25/2024 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 12/25/2024 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 12/31/2024 Coupon 91282CGC9 500,000.00 UNITED STATES TREASURY 3.875 12/31/2027 9,687.50 9,687.50 December 2024 Total 481,908.01 66,306.45 548,214.46
JANUARY 2025
01/06/2025 Coupon 3133ENKS8 750,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.125 01/06/2025 4,218.75 4,218.75
01/06/2025 Final Maturity 3133ENKS8 750,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.125 01/06/2025 750,000.00 750,000.00
CONFIDENTIAL | 49
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/13/2025 Coupon 459058KT9 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 4,375.00 4,375.00
01/15/2025 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 01/15/2025 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 01/15/2025 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 01/15/2025 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 01/15/2025 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 84.18 84.18 01/15/2025 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 6,982.56 6,982.56 01/15/2025 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 557.49 557.49 01/15/2025 Principal Paydown 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 10,262.01 10,262.01 01/15/2025 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 01/15/2025 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 73.06 73.06 01/15/2025 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 5,447.37 5,447.37 01/15/2025 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 4.15 4.15 01/15/2025 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 2,968.35 2,968.35 01/15/2025 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 263.97 263.97 01/15/2025 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 8,467.83 8,467.83 01/15/2025 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 737.64 737.64 01/15/2025 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 13,147.32 13,147.32 01/15/2025 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 338.02 338.02 01/15/2025 Principal Paydown 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 5,045.77 5,045.77 01/15/2025 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 114.01 114.01 01/15/2025 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 4,662.15 4,662.15 01/15/2025 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 6.48 6.48 01/15/2025 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,329.92 2,329.92 01/15/2025 Coupon 91282CEY3 475,000.00 UNITED STATES TREASURY 3.0 07/15/2025 7,125.00 7,125.00 01/16/2025 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 01/16/2025 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 163.51 163.51 01/16/2025 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 4,624.01 4,624.01 01/17/2025 Coupon 61747YET8 175,000.00 MORGAN STANLEY 4.679 07/17/2026 4,094.12 4,094.12 01/20/2025 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 01/20/2025 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 171.09 171.09 CONFIDENTIAL | 50
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/20/2025 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 5,722.16 5,722.16 01/21/2025 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 10.40 10.40 01/21/2025 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 2,921.25 2,921.25 01/21/2025 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 280.41 280.41 01/21/2025 Principal Paydown 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 4,519.19 4,519.19 01/21/2025 Coupon 78016HZT0 150,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 3,656.25 3,656.25 01/23/2025 Coupon 6174468C6 394,000.00 MORGAN STANLEY 4.0 07/23/2025 7,880.00 7,880.00 01/27/2025 Coupon 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 0.02 0.02 01/27/2025 Effective Maturity 05593AAC3 40,000.00 BMWLT 2023-1 A3 5.16 11/25/2025 3.85 3.85 01/27/2025 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 283.42 283.42 01/27/2025 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 12,333.33 12,333.33 01/27/2025 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,143.75 1,143.75 01/27/2025 Principal Paydown 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 14,192.52 14,192.52 01/27/2025 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 01/27/2025 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 01/27/2025 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 01/27/2025 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 01/27/2025 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 01/27/2025 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 01/27/2025 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 01/27/2025 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 01/31/2025 Coupon 69371RS80 410,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 9,430.00 9,430.00 01/31/2025 Coupon 912828Z52 750,000.00 UNITED STATES TREASURY 1.375 01/31/2025 5,156.25 5,156.25 01/31/2025 Final Maturity 912828Z52 750,000.00 UNITED STATES TREASURY 1.375 01/31/2025 750,000.00 750,000.00 January 2025 Total 1,603,629.60 63,827.35 1,667,456.95
FEBRUARY 2025
02/03/2025 Coupon 459058KW2 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.625 08/01/2028 5,781.25 5,781.25
02/06/2025 Coupon 857477BR3 90,000.00 STATE STREET CORP 1.746 02/06/2026 785.70 785.70 02/14/2025 Coupon 3133ENPG9 415,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.75 02/14/2025 3,631.25 3,631.25
CONFIDENTIAL | 51
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/14/2025 Final Maturity 3133ENPG9 415,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
1.75 02/14/2025 415,000.00 415,000.00
02/17/2025 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 02/17/2025 Coupon 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 428.38 428.38 02/17/2025 Principal Paydown 362583AD8 115,000.00 GMCAR 2023-2 A3 4.47 02/16/2028 4,007.06 4,007.06 02/17/2025 Coupon 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 149.49 149.49 02/17/2025 Principal Paydown 36265WAD5 90,000.00 GMCAR 2022-3 A3 3.64 04/16/2027 4,569.41 4,569.41 02/17/2025 Coupon 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 73.24 73.24 02/17/2025 Principal Paydown 43815BAC4 121,062.70 HAROT 2022-1 A3 1.88 05/15/2026 6,859.80 6,859.80 02/17/2025 Coupon 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 518.32 518.32 02/17/2025 Principal Paydown 448979AD6 155,000.00 HART 2023-A A3 4.58 04/15/2027 10,116.73 10,116.73 02/17/2025 Coupon 47787CAC7 310,000.00 JDOT 2023-C A3 5.48 05/15/2028 1,415.67 1,415.67 02/17/2025 Coupon 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 62.53 62.53 02/17/2025 Principal Paydown 47787JAC2 84,361.43 JDOT 2022 A3 0.36 09/15/2026 4,089.07 4,089.07 02/17/2025 Coupon 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 2.86 2.86 02/17/2025 Principal Paydown 47789QAC4 28,065.21 JDOT 2021-B A3 0.52 03/16/2026 2,631.76 2,631.76 02/17/2025 Coupon 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 237.57 237.57 02/17/2025 Principal Paydown 47800AAC4 135,000.00 JDOT 2022-B A3 3.74 02/16/2027 7,044.67 7,044.67 02/17/2025 Coupon 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 681.87 681.87 02/17/2025 Principal Paydown 47800BAC2 220,000.00 JDOT 2022-C A3 5.09 06/15/2027 11,513.09 11,513.09 02/17/2025 Coupon 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 319.06 319.06 02/17/2025 Principal Paydown 58770AAC7 105,000.00 MBART 2023-1 A3 4.51 11/15/2027 4,992.62 4,992.62 02/17/2025 Coupon 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 102.62 102.62 02/17/2025 Principal Paydown 89238FAD5 93,270.29 TAOT 2022-B A3 2.93 09/15/2026 4,609.40 4,609.40 02/17/2025 Coupon 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 5.10 5.10 02/17/2025 Principal Paydown 89238JAC9 33,145.93 TAOT 2021-D A3 0.71 04/15/2026 2,293.38 2,293.38 02/18/2025 Coupon 02582JJT8 185,000.00 AMXCA 2022-2 A 05/17/2027 522.62 522.62 02/18/2025 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2028 507.29 507.29 02/18/2025 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2028 1,481.83 1,481.83 02/18/2025 Coupon 06428CAA2 300,000.00 BANK OF AMERICA NA 5.526 08/18/2026 8,289.00 8,289.00 02/18/2025 Coupon 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 153.30 153.30 02/18/2025 Principal Paydown 43815PAC3 105,000.00 HAROT 2022-2 A3 3.73 07/20/2026 5,625.50 5,625.50 CONFIDENTIAL | 52
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/18/2025 Coupon 438516CJ3 400,000.00 HONEYWELL INTERNATIONAL INC 4.95 02/15/2028 9,900.00 9,900.00
02/20/2025 Coupon 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 336.25 336.25 02/20/2025 Principal Paydown 379929AD4 75,000.00 GMALT 2023-3 A3 5.38 11/20/2026 6,379.29 6,379.29 02/21/2025 Coupon 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 8.26 8.26 02/21/2025 Principal Paydown 43815GAC3 46,184.62 HAROT 2021-4 A3 0.88 01/21/2026 2,866.79 2,866.79 02/21/2025 Coupon 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 261.43 261.43 02/21/2025 Principal Paydown 43815JAC7 70,000.00 HAROT 2023-1 A3 5.04 04/21/2027 4,452.40 4,452.40 02/24/2025 Coupon 037833BY5 400,000.00 APPLE INC 3.25 02/23/2026 6,500.00 6,500.00 02/25/2025 Coupon 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 250.43 250.43 02/25/2025 Principal Paydown 05602RAD3 238,276.57 BMWOT 2022-A A3 3.21 08/25/2026 11,291.60 11,291.60 02/25/2025 Coupon 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 1,111.28 1,111.28 02/25/2025 Principal Paydown 3137BNGT5 500,000.00 FHMS K-054 A2 2.745 01/25/2026 874.63 874.63 02/25/2025 Coupon 3137BVZ82 320,000.00 FHMS K-063 A2 3.43 01/25/2027 914.67 914.67 02/25/2025 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 02/25/2025 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.12 1,298.12 02/25/2025 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 02/25/2025 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 02/25/2025 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 02/25/2025 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 02/25/2025 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 02/26/2025 Coupon 17275RBQ4 170,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 4,080.00 4,080.00 02/28/2025 Coupon 9128284Z0 750,000.00 UNITED STATES TREASURY 2.75 08/31/2025 10,312.50 10,312.50 February 2025 Total 509,217.20 66,877.46 576,094.65
Grand Total 131,536,326.42 10,529,781.23 773,358.95 11,303,140.18 CONFIDENTIAL | 53
City of Gardena Cons | Account #10647 | As of March 31, 2024 Execution Time: 04/16/2024 11:32:29 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
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Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P , Moody’s and Fitch respectively.
Report No. P-2024-7
1 TO: THE HONORABLE MAYOR AND CITY COUNCIL
SUBJECT: PERSONNEL REPORT
1. Report the Promotional Appointment of GEORGINA PLACIDO to the position of Administrative Analyst I, Schedule 49 ($5,603 - $7,151/month) with the Community Development Department, effective March 31, 2024.
2. Report the appointment of HIPOLITO JUAREZ -MENDEZ to the position of Bus Operator, Schedule 90 ($4,762 - $6,078/month) with the Transportation Department, effective March 31, 2024.
3. Report the Retirement of Bus Operator, KIMBERLY BASTON, of the Transportation Department, effective March 31, 2024. Ms. Baston provided 22 years of full -time service to the City.
4. Report the Separation of the following individuals:
a. Bus Operator, MARLENI RODRIGUEZ , of the Transportation Department, effective March 31, 2024. Ms. Rodriguez provided six months of full-time service to the City. b. Senior Account Clerk, XINIA FERNANDEZ , of the Administrative Services Department, effective April 8, 2024. Ms. Fernandez provided one month of service to the City. c. Bus Operator, OTIS FOSTER , of the Transportation Department, effective April 12, 2024. Mr. Foster provided six months of full-time service to the City.
5. Report the medical l eave of Human Resources Coordinator , JASMINE BERMUDEZ , of the Administrative Services Department, effective April 12, 2024.
6. Report the Recruitment for the Open/Competitive position of Deputy City Clerk (Elected and City Manager’s Office). This recruitment is scheduled to close May 1, 2024.
7. Report the Recruitment for the Open/Competitive position of Graffiti Technician (Public Works Department). This recruitment is scheduled to close May 1, 2024.
8. Report the Recruitment for the Open/Competitive position of Transit Parts/Storeroom Coordinator (Transportation Department). This recruitment is scheduled to close April 29, 2024.
9. Report the Recruitment for the Open/Competitive position of Communications Liaison Officer (Elected and City Manager’s Offices). This recruitment is open until filled.
10. Report the Recruitment for the Open/Competitive position of On- Demand (Micro/Paratransit) Operator (Transportation Department). This recruitment is open until filled.
Report No. P-2024-7
2 11. Report the Recruitment for the Open/Competitive position of Police Officer/Lateral (Police Department). This is a continuous recruitment.
12. Report the Recruitment for the Open/Competitive position of Police Trainee (Police Department). This is a continuous recruitment.
13. Report the Recruitment for the Open/Competitive position of Recreation Leader I /II (Recreation and Human Services Department). This is a continuous recruitment.
14. Report the Recruitment for the Open/Competitive position of Relief Bus Operator Trainee (Transportation Department). This is a continuous recruitment.
15. Report the Recruitment for the Open/Competitive position of Transit Mechanic (Transportation Department). This recruitment is open until filled.
16. Report the Recruitment for the Open/Competitive position of Transportation Operations Supervisor (Transportation Department). This recruitment is open until filled.
17. Report the Recruitment for the Open/Competitive position of Transit Marketing Coordinator (Transportation Department). This recruitment is open until filled.
18. Report the Recruitment for the Open/Competitive position of Risk Management Analyst (Administrative Services Department). This recruitment is open until filled.
1 ORDINANCE NO. 1869
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GARDENA, CALIFORNIA, ADDING CHAPTER 2.70 TO TITLE
2 OF THE GARDENA MUNICIPAL CODE RELATING TO
STATEMENTS OF ECONOMIC INTEREST AND ELECTRONIC
AND PAPERLESS FILING OF CAMPAIGN DISCLOSURE
STATEMENTS
WHEREAS,
The Political Reform Act of 1974 requires the filing of specified statements, reports, and other documents. Under the Act, a local government agency may require these filings to be made online or electronically with the local filing officer (the City Clerk). With the enactment of more recent legislation, AB2452 and AB2151, the Act requires the local filing officer to make all data available on the internet in an easily understood format that provides the greatest public access within 72 hours of the filing deadline, and;
WHEREAS,
Historically, City Council candidates and campaign
committees have filed paper copies of required campaign statements and reports. Once filed, the documents are made available for review by the public. The City Clerk’s Office spends a significant amount of staff time to make such paper filings readily available and posted online which requires further handling. Public access to campaign disclosure information is a vital and integral component of a fully informed electorate.
Transparency in campaign financing is critical in order to maintain public trust and support of the political process. Nevertheless, these values require staff resources to implement. As a means to more cost -effectively maintain the public trust, the City recently contracted with NetFile for installation of two electronic programs for on- line submittal and posting of Fair Political Practices Commission (FPPC) forms related to Conflict of Interest ( i.e., Form 700s) and Campaign Disclosure documents (i.e. Form 460s). Both programs have been installed and are operational, however, there is one remaining authorization necessary by Council in order to make these filings fully electronic, and;
WHEREAS, Pursuant to California Government Code Section 84615, the City Council must officially adopt an Ordinance memorializing their approval to require and authorize complete electronic signature and submission of electronic campaign disclosure forms. Tonight’s action is the first of a two- step process to implement electronic filing.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GARDENA , CALIFORNIA, DOES HEREBY ORDAIN, AS FOLLOWS:
SECTION 1. Purpose and Authority. The purpose of this Ordinance is to require the filing of Campaign Disclosure Statements and Statements of Economic Interest by elected officials, candidates, staff, consultants, or committees to be completed electronically. The City Council enacts this Ordinance in accordance with the authority DocuSign Envelope ID: B2087343-587A-4CA8-A524-BC62B119B07A ORDINANCE NO. 1869
2 granted to cities by state law. This ordinance is intended to supplement, and not conflict with, the Political Reform Act.
SECTION 2. Findings.
The City Council of the City of Gardena finds and determines as follows:
A. That California Government Code Section 84615 provides that a legislative body of a local government agency may adopt an ordinance that requires an elected officer, candidate, or committee, required to file statements, reports, or other documents required by Chapter 4 of the Political Reform Act to file such statements, reports, or other documents online or electronically with the City Clerk.
B. In any instance in which the original statement is required to be filed with the Secretary of State and a copy of that statement is required to be filed with the City, the filer is permitted, but not required, to file a copy electronically; C. The City Clerk's web -based system contains multiple safeguards to protect the integrity and security of the data, will operate securely and effectively, and will not unduly burden filers; and
D. The City Clerk/Deputy City Clerk will operate the electronic filing system in compliance with the requirements of California Government Code Section 84615 and any other applicable laws.
E. This Ordinance is not a project within the meaning of Section 15378 of the CEQA Guidelines because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, either directly or ultimately. In the event that the Ordinance is found to be a project under CEQA, it is subject to the CEQA exemption contained in CEQA Guidelines section 15061(b)(3) because it can be seen with certainty to have no possibility to have a significant effect on the environment.
SECTION 3. Addition:
Gardena Municipal Code 2.70, " Statements of Economic Interest and Electronic Filing of Campaign Disclosure Statements" is hereby added to read as follows:
2.70.010 Definitions
For the purposes of this chapter, the following words, terms, and phrases shall be defined as follow:
A. “ Electronic filing system” means a system established by the City Clerk pursuant to Section 84615 of the Government Code for electronic filing of statements, as defined herein.
B. “Filer” means any elected officer, candidate, committee, or other person required to file statements, as defined herein.
C. “Statements” shall mean any statements, reports, or other documents that filers must file in accordance with Chapter 4 of the Political Reform Act (Government Code Section 84100, et seq.).
DocuSign Envelope ID: B2087343-587A-4CA8-A524-BC62B119B07A ORDINANCE NO. 1869
3 2.70.020 Electronic Filing System.
A. Pursuant to Government Code section 84615, the City Clerk may establish an electronic filing system.
B. The electronic filing system shall meet the following requirements:
1. Comply with all requirements set forth in Section 84615 of the Government Code.
2. Ensure the integrity of data transmitted, including by establishing safeguards against efforts to tamper with, manipulate, alter, or subvert data.
3. Accept filing in the standardized record format developed by the California Secretary of State pursuant to Section 84602(a)(2) of the California Government Code, compatible with the Secretary of State's system for receiving an online or electronic filing.
4. Include a procedure for filers to comply with the requirement that they sign statements and reports under penalty of perjury pursuant to Section 81004 of the Government Code.
2.70.030 Required Online Filing.
A. Upon establishment of an electronic filing system by the City Clerk pursuant to Section 2. 70.010(A), each filer shall file statements using the City Clerk's electronic filing system according to procedures established by the City Clerk. Notwithstanding the preceding sentence, filers are exempt from these requirements if they received less than $1,000 in contributions and made less than $1,000 in expenditures, or another amount as established by the Political Reform Act. in a calendar year.
B. Filers who have electronically filed a statement using the City Clerk's electronic filing system are not required to file copies in a copy of that document in paper format with the City Clerk.
C. Filers shall file statements in paper format with the City Clerk if the electronic filing system is not capable of accepting a statement for any reason., D. The electronic filing system shall allow filers to complete and submit statements free of charge.
2.70.040 Availability of Statements for Public Review; Record Retention.
A. The City Clerk shall make available on the City’s website all data filed pursuant to this Chapter in an easily understood format that provides the greatest feasible public access. Data shall be made available free of charge and as soon as possible after receipt.
B. Data made available on the City's webpage shall not contain the street name and building number of the persons or entity representatives listed on the electronically filed forms or any bank account number required to be disclosed by the filer. A complete, unredacted copy of the statement shall be made available to any person upon request to the City Clerk’s office.
DocuSign Envelope ID: B2087343-587A-4CA8-A524-BC62B119B07A ORDINANCE NO. 1869
4 C. The City Clerk's office shall maintain online or electronic statements in compliance with State law and the City’s adopted Retention Schedule.
SECTION 4. Severability. If any section, subsection, subdivision, paragraph, sentence, clause or phrase of this ordinance, or any part thereof is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portion of this ordinance or any part thereof. The City Council hereby declares that it would have passed each section, subsection, subdivision, paragraph, sentence, clause, or phrase thereof, irrespective of the fact that any one or more section, subsection, subdivision, paragraph, sentence, clause, or phrase be declared unconstitutional.
SECTION 5. Certification. The City Clerk shall certify the passage of this ordinance and shall cause the same to be entered in the book of original ordinances of said City; shall make a minute passage and adoption thereof in the records of the meeting at which time the same is passed and adopted; and shall, within fifteen (15) days after the passage and adoption thereof, cause the same to be published as required by law, in a publication of general circulation.
SECTION 6. Effective Date. This ordinance shall not become effective or be in force until thirty (30) days from and after the date of its adoption.
Passed, approved, and adopted this __ day of ______, 2024.
TASHA CERDA, Mayor
ATTEST:
MINA SEMENZA, City Clerk
APPROVED AS TO FORM:
CARMEN VASQUEZ, City Attorney
DocuSign Envelope ID: B2087343-587A-4CA8-A524-BC62B119B07A
City of Gardena
Gardena City Council Meeting
AGENDA REPORT SUMMARY
Agenda Item No. 8.H
Section: CONSENT CALENDAR
Meeting Date: April 23, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE:
RESOLUTION NO. 6665
,
Upholding the Community Development Director’s
Decision to Deny a Home Sharing Rental Application and Denying the Appeal CONTACT: COMMUNITY DEVELOPMENT
COUNCIL ACTION REQUIRED:
RECOMMENDATION AND STAFF SUMMARY:
On March 28, 2024, an appeal was filed with the City Clerk’s office pertaining to the Community Development Director's decision to deny the request of a Home Sharing Rental permit.
On April 9, 2024, a hearing was held before the City Council where both the applicant and staff presented their evidence on the matter. At the close of the hearing, the City Council directed staff to prepare a resolution denying the appeal.
Resolution No. 6665 upholds the Director's decision to deny the Home Sharing Rental application and denies the appeal filed by the applicant.
FINANCIAL IMPACT/COST:
None.
ATTACHMENTS:
Resolution No. 6665.pdf
APPROVED:
___________________________________
Clint Osorio, City Manager
RESOLUTION NO. 6665
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF GARDENA, CALIFORNIA UPHOLDING THE
COMMUNITY DEVELOPMENT DIRECTOR’S DECISION
TO DENY A HOME SHARING RENTAL APPLICATION
AND DENYING THE APPEAL
THE CITY COUNCIL OF THE CITY OF GARDENA DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. FINDINGS OF FACT . The City Council does hereby find the following recitals of fact to be true and correct:
A. On September 12, 2023, the City Council adopted Ordinance No. 1854 regulating home share rentals in the City of Gardena which added a new Chapter 5.76.
B. Section 5.76.040F of the Gardena Municipal Code provides that no home sharing permit shall be issued for a dwelling unit with a pending enforcement action by the city for violations of this chapter or any provision of the municipal code, unless the approval is required to resolve the enforcement action.
C. On March 3, 2021, building permits were issued for various renovations including a kitchen remodel, window replacements, door changes, a new porch enclosure, a new front trellis, and a garage conversion into an Accessory Dwelling Unit (ADU). From March 2021 through October 2021, a number of building inspections were scheduled and conducted for the project. Despite the permits having been initially issued over 2-1/2 years ago and the last inspection request having been conducted on October 21, 2021, at the request of the owner, on December 20, 2023, the Building Official allowed for the re-activation of the expired permits. Furthermore, the Building Official allowed an approximate 2-month extension to complete the required inspections for the project . No additional inspections were requested since December 20, 2023, and the permits expired once again on February 29, 2024.
D. On January 23, 2024, an application for a home sharing rental permit was filed with the Community Development Department for the property known as 14408/14410 Van Ness Avenue (APN No. 4062- 010-001) by Vera Povetina and Ygor Kochetov (“Applicants”).
E. On March 12, 2024 a letter of ineligibility was sent by the Director’s designee, Jackie Choi, the Economic Development Manager, to the applicant due to pending enforcement actions.
DocuSign Envelope ID: 4CD6F75E-1C6C-4177-B40F-E2F07C902644 F. On March 28, 2024, an appeal was filed with the City Clerk’s office by the Applicants pertaining to the denial of the application.
G. A hearing was set before the City Council and heard on April 9, 2024 at a regular City Council meeting. Both the applicant and staff presented evidence.
H. At the close of the hearing, the City Council directed staff to prepare a resolution denying the appeal.
SECTION 2. DETERMINATION. Based on the findings set forth above, the City Council does hereby determine as follows:
A. The Applicants had a pending enforcement action against them due to violation of the City’s Building Code relating to the expired building permits and were therefore ineligible to receive a home sharing permit.
B. The decision of the Community Development Director to deny the home sharing permit is upheld and the appeal is denied.
SECTION 3. EFFECTIVE DATE. This resolution shall be effective immediately.
SECTION 4. FINAL ACTION. The decision of the City Council is final. Any action to review this decision must be commenced not later than the 90 th day after the date this decision in accordance with Code of Civil Procedure section 1094.6.
Passed, approved, and adopted this 23rd day of April, 2024.
TASHA CERDA, Mayor
ATTEST:
MINA SEMENZA, City Clerk
APPROVED AS TO FORM:
CARMEN VASQUEZ, City Attorney
DocuSign Envelope ID: 4CD6F75E-1C6C-4177-B40F-E2F07C902644
City of Gardena
Gardena City Council Meeting
AGENDA REPORT SUMMARY
Agenda Item No. 8.I
Section: CONSENT CALENDAR
Meeting Date: April 23, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE:
Approval of Annual/Periodic Event Permit - Carnival, for the 86th Annual Strawberry Park Day Fiesta to be Held May 17th through May 19, 2024, at St. Anthony of Padua Catholic Church (1050 West 163rd Street)
CONTACT: COMMUNITY DEVELOPMENT
COUNCIL ACTION REQUIRED:
RECOMMENDATION AND STAFF SUMMARY:
Staff respectively recommends that the City Council issue an annual/periodic event permit to St. Anthony of Padua Catholic Church for their 86th Annual Strawberry Park Fiesta carnival to be held, Friday, May 17, 2024 through Sunday May 19, 2024 between the hours of 6:00pm and 11:00pm Friday, May 17th, and between the hours of 12:00pm and 11:00pm on Saturday and Sunday, May 18th and 19th, at its premises, 1050 W. 163rd Street. Attached for the City Council's consideration is the application for the event, departmental memorandums with recommended conditions, and inspections and/or investigation reports.
FINANCIAL IMPACT/COST:
None.
ATTACHMENTS:
St. Anthony's Annual Carnival Application.pdf
Community Development, Building and Safety Division Memo.pdf Community Development, Planning Division Memo.pdf
Police Department Memo.pdf
L.A. County Fire Department Memo.pdf
APPROVED:
___________________________________
Clint Osorio, City Manager
PLANNING AND ENVIRONMENTAL
QUALITY COMMISSION
Regular PEQC Meeting Notice and Agenda
Website: www.cityofgardena.org
Tuesday, April 16, 2024 – 7:00 PM
1700 W. 162nd Street, Gardena, California
6. OTHER ITEMS
6. A FIRST REQUEST FOR EXTENSION
The Planning Commission considered the first request extension of time for Conditional Use Permit #7-21, to permit the operation of a warehouse facility in the General Industrial (M-2) zone.
LOCATION: 1600 and 1606 W. 135th Street
APPLICANT: Jason Hines (DBA Gardena Owner LP)
Staff Report CUP #10-23 First Extension
Attachment A - Statement of Reasons for Extension of Time Attachment B - Site Plan Review #9-21 First Extension Approval Letter Attachment C - Project Plans
Commission Action: The Planning Commission approved the first extension of Conditional Use Permit #7-21 approving the permit to expire October 25, 2024, by a vote of 5-0.
6. B Resolution No. PC 10-24: Denying the appeal by The Tire House Inc. from the Director's decision to revoke the approval of the Site Plan Review #4-15 of The Tire House located at 1818 W. Redondo Beach Blvd, and finding that the action is categorically exempt from the provisions of CEQA pursuant to guidelines Section 15321.
The Planning Commission considered Resolution No. PC 10-24 for the denial of an appeal by The Tire House Inc. from the Director to revoke Site Plan Review #4-15 Staff Report.pdf
Attachment B - Resolution No. PC 10-24.pdf
Attachment A - Letter Dated April 10, 2024.pdf
Commission Action: The Planning Commission moved that this item be continued and recommended that staff monitor the business for compliance with the conditions of approval for Site Plan Review #4-15, by a vote of 5-0. The Planning Commission directed staff to bring forward a report of the applicant’s progress to the July 16, 2024, Planning Commission meeting.
City of Gardena
Gardena City Council Meeting
AGENDA REPORT SUMMARY
Agenda Item No. 12.A
Section: DEPARTMENTAL
ITEMS - ADMINISTRATIVE
SERVICES
Meeting Date: April 23, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE:
Award Contract with Gruber and Lopez, Inc. for Professional Auditing Services for the Fiscal Years Ending June 30, 2024, 2025, and 2026 in the Amount of $240,625
COUNCIL ACTION REQUIRED:
Staff Recommendation: Award Contract
RECOMMENDATION AND STAFF SUMMARY:
In February 2024, a Request for Proposal (RFP) for Professional Auditing Services was issued and released on PlanetBids along with publication in the Gardena Valley News and posted on the City website. The RFP solicited a qualified firm of certified public accountants for a three (3) year contract to prepare and audit financial statements for the fiscal years ending June 30, 2024, 2025, and 2026 with an option to extend the contract two (2) fiscal years ending June 30, 2027, and 2028 with the following schedule:
Release of RFP
February 12, 2024
Question submittal deadline
February 28, 2024
Proposals due
March 14, 2024
As a professional service, the selection process was based on both price and scope of services, so technical and cost proposals were submitted and reviewed separately with qualifications evaluated on a number of levels such as qualifications of the firm, key personnel, project understanding, audit approach, and project cost.
The City received four proposals in response to the RFP from the following firms, listed in alphabetical order:
Badawi & Associates, Certified Public Accountants
Gruber and Lopez, Inc.
SingerLewak LLP
Vasquez & Company LLP
A City panel evaluated the proposals and interviewed all four respondents. As a result of this evaluation process, the proposal from Gruber and Lopez, Inc. (Gruber) was ranked highest of all proposers to provide professional auditing services to the City. Gruber engagement team members all have over 25 years of experience providing audit services to local government entities and includes a small audit team comprised of Partners, Managers, and Seniors.
Gruber has a long history of efficiently staffing its accounting and consulting projects and bringing the projects in on time and on budget. Their firm partners are also more involved in the engagement than other firms which translates into better service to the City. Gruber has been serving the community for the last 13 years and is located in Newport Beach. They have also audited several surrounding cities that are similar to the City of Gardena.
Staff recommends that the City Council approve the three-year contract with Gruber and Lopez, Inc. in the amount of $240,625 to provide professional auditing services for fiscal years ending June 30, 2024, 2025, and 2026.
FINANCIAL IMPACT/COST:
Funding Source
FY 2023/24
FY 2024/25
FY 2025/26
Grand Total
General Fund
$69,675
$71,069
$72,490
$213,234
GTrans
$8,950
$9,129
$9,312
$27,391
Total
$78,625
$80,198
$81,802
$240,625
ATTACHMENTS:
PSA_-_Gruber_and_Lopez.pdf
APPROVED:
___________________________________
Clint Osorio, City Manager
Consultant Agreement with Gruber and Lopez, Inc. Page 1
AGREEMENT BETWEEN
THE CITY OF GARDENA
AND
GRUBER AND LOPEZ, INC.
This contract, hereinafter referred to as Agreement is entered into this 23rd day of April, 2024, by and between THE CITY OF GARDENA (“City”) and GRUBER AND LOPEZ, INC., a California corporation (“Consultant”). Based on the mutual promises and covenants contained herein, the Parties hereto agree, as follows.
1. Recitals.
A. Whereas, City requires the services of a professional to provide professional auditing services; and
B. Whereas, Consultant has represented that it is qualified by virtue of experience, training, education and expertise to provide these services; and
C. Whereas, City has determined that the public interest, convenience and necessity require the execution of this Agreement.
D. WHEREAS, no official or employee of City has a financial interest, within the provisions of sections 1090-1092 of the California Government Code, in the subject matter of this Agreement.
2. Services.
A. Consultant agrees to provide the professional services described in the City’s Request for Proposals (RFP) and any associated addendum, attached hereto as Exhibit “A” and Consultant’s Response to City’s RFP (“Consultant’s Proposal”), attached hereto as Exhibit “B”, both incorporated herein by this reference (“Services”).
B. The Services shall be performed in accordance with the Project Schedule set forth in Exhibit B. Consultant shall not be liable for any failure or delay in furnishing proposed Services resulting from fire, explosion, flood, storm, Act of God, governmental acts, orders or regulations, hostilities, civil disturbances, strikes, labor difficulties, difficulty in obtaining parts, supplies, or shipping facilities, inability to obtain or delays in obtaining suitable material or facilities required for performance, temporary unavailability of qualified personnel, failure by City to provide appropriate access to equipment or personnel, or other causes beyond Consultant’s reasonable control.
3. Additional Services. If City determines that additional Services are required to be provided by Consultant in addition to the Services set forth above, City shall authorize Consultant to perform such additional Services in writing (“Additional Services”). Such Additional Services shall be specifically described and approved by City in writing prior to DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 2
the performance thereof. Consultant shall be compensated for such Additional Services in accordance with the amount agreed upon in writing by the Parties. No compensation shall be paid to Consultant for Additional Services which are not specifically approved by City in writing.
4. Consultant’s Proposal. This Agreement shall include Consultant’s proposal or bid which is incorporated herein as Exhibit B. In the event of any inconsistency between the terms of the proposal and this Agreement, this Agreement shall govern.
5. Timing of Performance. Time is of the essence with respect to Consultant’s performance of the Services required by this Agreement. Consultant shall diligently and timely pursue and complete the performance of the Services required of it by this Agreement as set forth in Exhibit A. City, in its sole discretion, may extend the time for performance of any Service.
6. Compensation. Compensation for the Services shall be billed as set forth in Exhibit B, attached hereto. The Compensation is inclusive of all costs that may be incurred by Consultant in performance of the Services, including but not limited to such items as travel, copies, delivery charges, phone charges, and facsimile charges, unless otherwise. In no event shall compensation under this Agreement exceed TWO HUNDRED FORTY THOUSAND AND SIX HUNDRED TWENTY-FIVE and 00/00 ($240,625.00) without the prior written authorization of the City Council.
7. Term of Agreement/Termination. This Agreement shall commence on the Effective Date and continue for a period of three (3) years, ending on April 22, 2027, unless previously terminated as provided herein or as otherwise agreed to in writing by the parties.
A. This Agreement shall be effective as of the date of execution by the City and shall remain in effect until all Services are completed or until terminated as provided for herein.
B. City may terminate this Agreement without cause by providing written notice to Consultant not less than ten days prior to an effective termination date. City’s only obligation in the event of termination will be payment of fees and allowed expenses incurred up to and including the effective date of termination.
C. Unless for cause, Consultant may not terminate this Agreement. If Consultant is terminating this Agreement for cause, it must provide the City with thirty (30) days written notice.
D. Upon receipt of a termination notice, Consultant shall: (1) promptly discontinue all Services, unless the notice directs otherwise; and (2) within ten (10) days, deliver to City all files, data, reports, estimates, summaries, and such other information and materials as may have been accumulated or prepared to date by Consultant in performing the Services under this Agreement, whether completed or in progress.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 3
Consultant shall provide these documents by both hard copy and in electronic format if available. In the event of termination for other than cause attributable to Consultant, Consultant shall be entitled to reasonable compensation for the Services it performs up to the date of termination and shall be deemed released from liability for any work assigned but not completed as of the effective date of termination.
8. Agreement Administrator. For purposes of this Agreement, City designates Ray Beeman, Director of Administrative Services or designee as the Agreement Administrator who shall monitor Consultant’s performance under this Agreement. Consultant shall be notified in writing of any deficiency in the performance of this Agreement in a timely manner by Agreement Administrator Consultant shall have five (5) business days from receipt of the notification to cure any deficiency to the reasonable satisfaction of the Agreement Administrator. All costs for such corrections shall be borne by Consultant and shall not increase Consultant’s fees due hereunder. Should the Agreement Administrator determine that Consultant has not performed its obligation as stated in this Agreement in a satisfactory manner, City may terminate this Agreement for cause as specified in Section- Term of Agreement/Termination. All notices, invoices or other documents shall be addressed to the Agreement Administrator, as well as all substantive issues relating to this contract. City reserves the right to change this designation upon written notice to Consultant.
9. Invoices and Payments.
A. Payment shall be made upon receipt and approval of invoices for Services rendered. In order for payment to be made, Consultant’s invoice must include an itemization as to the services rendered, date(s) of service, direct and/or subcontract costs, and be submitted on an official letterhead or invoice with Consultant’s name, address, and telephone number referenced.
B. The Agreement Administrator shall review the invoices to determine whether services performed and documents submitted are consistent with this Agreement. Payment shall be made within forty-five (45) days following receipt of the invoice or the Agreement Administrator shall provide Consultant with a written statement objecting to the charges and stating the reasons therefore.
C. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to City at the time of payment.
10. Records/Audit.
A. Consultant shall be responsible for ensuring accuracy and propriety of all billings and shall maintain all supporting documentation for a minimum of three (3) years from the completion date of the Services under this agreement the following records:
1. All accounts and records, including personnel, property and financial, adequate to identify and account for all costs pertaining to this Agreement and assure DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 4
proper accounting for all funds;
2. Records which establish that Consultant and any subconsultant who renders Services under this Agreement are in full compliance with the requirements of this Agreement and all federal, state and local laws and regulations
3. Any additional records deemed necessary by City to assume verification of full compliance with this Agreement.
B. City shall have the right to audit Consultant’s invoices and all supporting documentation for purposes of compliance with this Agreement for a period of three years following the completion of Services under this Agreement.
C. Upon reasonable notice from City or any other governmental agency, Consultant shall cooperate fully with any audit of its billings conducted by, or of, City and shall permit access to its books, records and accounts as may be necessary to conduct such audits.
11. Successors and Assignment. This Agreement covers professional services of a specific and unique nature. Except as otherwise provided herein, Consultant shall not assign or transfer its interest in this Agreement or subcontract any services to be performed without amending this Agreement. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.
12. Change in Name, Ownership or Control. Consultant shall notify the Agreement Administrator, in writing, of any change in name, ownership or control of Consultant’s firm or subconsultant. Change of ownership or control of Consultant’s firm may require an amendment to the Agreement.
13. Key Personnel. City has relied upon the professional training and ability of Consultant to perform the Services hereunder as a material inducement to enter into this Agreement. Consultant shall provide properly skilled professional and technical personnel to perform all Services under this Agreement. In the event that City, in its sole discretion, at any time during the Agreement, desires the removal of any person or persons assigned by Consultant to perform Services pursuant to this Agreement, Consultant shall remove any such person immediately upon receiving notice from City.
14. Performance By Consultant. Consultant shall maintain or exceed the level of competency presently maintained by other similar practitioners in the State of California, for professional and technical soundness, accuracy and adequacy of all work, advice and material furnished under this Agreement.
15. Use of Materials.
A. City shall make available to Consultant such materials from its files as may be required by Consultant to perform Services under this Agreement. Such materials shall DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 5
remain the property of City while in Consultant’s possession. Upon termination of this Agreement and payment of outstanding invoices of Consultant, or completion of work under this Agreement, Consultant shall return to City any property of City in its possession and any calculations, notes, reports, electronic files, or other materials prepared by Consultant in the course of performance of this Agreement.
B. City may utilize any material prepared or work performed by Consultant pursuant to this Agreement, including computer software, in any manner, which City deems proper without additional compensation to Consultant. Consultant shall have no responsibility or liability for any revisions, changes, or corrections made by City, or any use or reuse pursuant to this paragraph unless Consultant accepts such responsibility in writing.
16. Nonuse of Intellectual Property of Third Parties. Consultant shall not use, disclose or copy any intellectual property of any third parties in connection with work carried out under this Agreement, except for intellectual property for which Consultant has a license.
Consultant shall indemnify and hold City harmless against all claims raised against City based upon allegations that Consultant has wrongfully used intellectual property of others in performing work for City, or that City has wrongfully used intellectual property developed by Consultant pursuant to this Agreement.
17. Ownership of Work Product. All documents or other information created, developed, or received by Consultant shall, for purposes of copyright law, be deemed works made for hire for City by Consultant and shall be the sole property of City.
Consultant shall provide City with copies of these items upon demand, and in any event, upon termination of this Agreement.
18. Confidentiality Clause. Consultant acknowledges that some of the material and information that may come into its possession or knowledge in connection with this Agreement or its performance may consist of information that is exempt from disclosure to the public or other unauthorized persons under either state or federal statutes ("Confidential Information"). Confidential Information includes, but is not limited to, names, addresses, Social Security numbers, e-mail addresses, telephone numbers, financial profiles, credit card information, driver's license numbers, medical data, law enforcement records, agency source code or object code, agency security data, or information identifiable to an individual that relates to any of these types of information.
Consultant agrees to hold Confidential Information in strictest confidence and not to make use of Confidential Information for any purpose other than the performance of this Agreement, to release it only to authorized employees or Sub-consultants requiring such information for the purposes of carrying out this Agreement, and not to release, divulge, publish, transfer, sell, disclose, or otherwise make the information known to any other party without City's express written consent or as provided by law. Consultant agrees to release such information or material only to employees or Sub-consultants who have signed a nondisclosure agreement, the terms of which have been previously approved by City. Consultant agrees to implement physical, electronic, and managerial safeguards to prevent unauthorized access to Confidential Information.
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"Personal information" including, but not limited to, "Protected Health Information" (PHI) under Health Insurance Portability And Accountability Act (HIPAA), individuals' names, addresses, phone numbers, birth dates, and social security numbers collected, used, or acquired in connection with this Agreement shall be protected against unauthorized use, disclosure, modification or loss.
HIPAA establishes national minimum standards for the use and disclosure of certain health information. The Consultant must comply with all HIPAA requirements and rules when determined applicable by the City. If City determines that (1) City is a "covered entity" under HIPAA, and that (2) Consultant will perform "business associate" services and activities covered under HIPAA, then at City's request, Consultant agrees to execute City's Agreement in compliance with HIPAA.
Consultant shall ensure its directors, officers, employees, Sub-consultants or agents use personal information solely for the purposes of accomplishing the services set forth herein. Consultant and its Sub-consultants agree not to release, divulge, publish, transfer, sell or otherwise make known to unauthorized persons personal information without the express written consent of the City or as otherwise required by law.
Any breach of this provision may result in termination of the Agreement and demand for return of all personal information. Moreover, Consultant will indemnify and hold the City harmless from and against all losses and damages resulting from any unauthorized or improper disclosure, dissemination or use of the information as a result, in whole or in part, of Consultant’s action or inaction.
19. Legal Requirements.
A. Consultant shall secure and maintain all licenses or permits required by law, including a City business license, and shall comply with all ordinances, laws, orders, rules, and regulations pertaining to the work.
B. Consultant warrants that it shall perform the Services required by this Agreement in compliance with all applicable Federal and California employment laws, including, but not limited to, those laws related to minimum hours and wages; occupational health and safety; fair employment and employment practices; workers’ compensation insurance and safety in employment; and all other Federal, State and local laws and ordinances applicable to the services required under this Agreement. Consultant shall indemnify and hold harmless City from and against all claims, demands, payments, suits, actions, proceedings, and judgments of every nature and description including attorneys’ fees and costs, presented, brought, or recovered against City for, or on account of any liability under any of the above-mentioned laws, which may be incurred by reason of Consultant’s performance under this Agreement.
C. Consultant covenants that there shall be no discrimination based upon race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry, or DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 7
any other category forbidden by law in performance of this Agreement.
20. Conflict of Interest and Reporting.
A. Consultant shall at all times avoid conflicts of interest or the appearance of a conflict of interest in the performance of this Agreement. If required, Consultant shall comply with the City’s Conflict of Interest reporting requirements. Consultant understands that pursuant to Gardena Municipal Code sections 2.24.020H and 2.24.025G, it is forbidden to make any contribution to a candidate or committee of a candidate for a municipal office of the City, or to an officeholder, until the completion of Services to be performed under this Agreement.
B. Consultant and its representatives shall refrain from lobbying City of Gardena officials, employees and representatives for the duration of this Agreement.
21. Guarantee and Warranty. Consultant warrants to City that the material, analysis, data, programs and Services to be delivered or rendered hereunder will be of the kind and quality designated and will be performed by qualified personnel. Without waiver of City’s other rights or remedies, City may require Consultant to re-perform any of said Services, which were not performed in accordance with these standards. Consultant shall perform the remedial Services at its sole expense.
22. Insurance.
A. Commencement of Work. Consultant shall not commence work under this Agreement until it has obtained City approved insurance. Before beginning work hereunder, during the entire period of this Agreement, for any extensions hereto, and for periods after the end of this Agreement as may be indicated below, Consultant must have and maintain in place all of the insurance coverage required in this Section. Consultant’s insurance shall comply with all items specified by this Agreement. Any subcontractors shall be subject to all of the requirements of this Section and Consultant shall be responsible to obtain evidence of insurance from each subcontractor and provide it to City before the subcontractor commences work. Alternatively, Consultant’s insurance may cover all subcontractors.
B. Insurance Company Requirements. All insurance policies used to satisfy the requirements imposed hereunder shall be issued by insurers admitted to do business in the State of California. Insurers shall have a current Best’s rating of not less than A- :VII, unless otherwise approved by City.
C. Coverage, Limits and Policy Requirements. Consultant shall maintain the types of coverage and limits indicated below:
1. Commercial General Liability Insurance - a policy for occurrence coverage for bodily injury, personal injury and property damage, with coverage at least as broad as Insurance Services Office Form CG 00 01, with no special limitations affecting DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 8
City. The limit for all coverage under this policy shall be no less than one million dollars ($1,000,000.00) per occurrence.
2. Commercial Auto Liability Insurance - a policy with coverage at least as broad as Insurance Services Office form CA 0001, including Symbol 1 (any auto) with no special limitations affecting City. The limit for bodily injury and property damage liability shall be no less than one million dollars ($1,000,000.00) per accident.
3. Policy Requirements. The policies set forth above shall comply with the following, as evidenced by the policies or endorsements to the policies:
a. The City, its appointed and elected officers, employees, agents and volunteers shall be added as additional insured to the policy.
b. The insurer shall agree to provide City with thirty (30) days prior written notice, return receipt requested, of any cancellation, non-renewal or material change in coverage.
c. For any claims with respect to the Services covered by this Agreement, Consultant’s insurance coverage shall be primary insurance as respects the City, its elected and appointed officers, employees, agents and volunteers. Any insurance or self-insurance maintained by the City, its elected and appointed officers, employees, agents and volunteers shall be excess of Consultant’s insurance and shall not contribute with it.
4. Worker’s Compensation and Employer’s Liability Insurance - a policy which meets all statutory benefit requirements of the Labor Code, or other applicable law, of the State of California. The minimum coverage limits for said insurance shall be no less than one million dollars per claim. The policy shall be issued by an insurance company which is admitted to do business in the State of California and shall contain a clause that the policy may not be canceled without thirty (30) days prior written notice, return receipt requested, is mailed to City.
5. Professional Errors & Omissions - a policy with minimum limits of one million dollars ($1,000,000.00) per claim and aggregate. This policy shall be issued by an insurance company which is admitted to do business in the State of California and Consultant shall contain a clause that the policy may not be canceled until thirty (30) days written notice, return receipt requested, is mailed to City.
D. Additional Requirements. The procuring of such required policies of insurance shall not be construed to limit Consultant’s liability hereunder or to fulfill the indemnification provisions and requirements of this Agreement. There shall be no recourse against City for payment of premiums or other amounts with respect thereto.
City shall notify Consultant in writing of changes in the insurance requirements. If Consultant does not deposit copies of acceptable insurance policies or endorsements with City incorporating such changes within sixty (60) days of receipt of such notice, DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 9
Consultant shall be deemed in default hereunder.
E. Deductibles. Any deductible or self-insured retention over $25,000 per occurrence must be declared to and approved by City. Any deductible exceeding an amount acceptable to City shall be subject to the following changes: either the insurer shall eliminate or reduce such deductibles or self-insured retentions with respect to City, its officers, employees, agents and volunteers (with additional premium, if any, to be paid by Consultant); or Consultant shall provide satisfactory financial guarantee for payment of losses and related investigations, claim administration and defense expenses.
F. Verification of Compliance. Consultant shall furnish City with original policies or certificates and endorsements effecting coverage required by this Agreement.
The endorsements are to be signed by a person authorized by the insurer to bind coverage on its behalf. All endorsements are to be received and approved by City before work commences. Not less than fifteen (15) days prior to the expiration date of any policy of insurance required by this Agreement, Consultant shall deliver to City a binder or certificate of insurance with respect to each renewal policy, bearing a notation evidencing payment of the premium therefore, or accompanied by other proof of payment satisfactory to City. Consultant shall provide full copies of any requested policies to City within three (3) days of any such request by City.
G. Termination for Lack of Required Coverage. If Consultant, for any reason, fails to have in place, at all times during the term of this Agreement, including any extension hereto, all required insurance and coverage, City may immediately obtain such coverage at Consultant’s expense and/or terminate this Agreement.
23. Indemnity.
A. Consultant assumes all risk of injury to its employees, agents, and contractors, including loss or damage to property.
B. Consultant agrees to defend, indemnify, hold free and harmless the City, its elected officials, officers, agents, employees and volunteers, at Consultant’s sole expense, from and against any and all claims, actions, suits or other legal proceedings brought against the City, its elected officials, officers, agents, employees and volunteers arising out of the performance of the Consultant, its employees, and/or authorized subcontractors, of the work undertaken pursuant to this Agreement. The defense obligation provided for hereunder shall apply without any advance showing of negligence or wrongdoing by the Consultant, its employees, and/or authorized subcontractors, but shall be required whenever any claim, action, complaint, or suit asserts as its basis the negligence, errors, omissions or misconduct of the Consultant, its employees, and/or authorized subcontractors, and/or whenever any claim, action, complaint or suit asserts liability against the City, its elected officials, officers, agents, employees and volunteers based upon the work performed by the Consultant, its employees, and/or authorized subcontractors under this Agreement, whether or not the Consultant, its employees, and/or authorized subcontractors are specifically named or otherwise asserted to be DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with Gruber and Lopez, Inc. Page 10
liable. Notwithstanding the foregoing, the Consultant shall not be liable for the defense or indemnification of the City for claims, actions, complaints or suits arising out of the sole negligence or willful misconduct of the City. This provision shall supersede and replace all other indemnity provisions contained either in the City’s specifications or Consultant’s Proposal, which shall be of no force and effect.
C. No official, employee, agent or volunteer of City shall be personally liable for any default or liability under this Agreement.
24. Independent Contractor. Consultant agrees to furnish consulting services in the capacity of an independent contractor and neither Consultant nor any of its employees shall be considered to be an employee or agent of City.
25. PERS Eligibility Indemnification. In the event that Consultant or any employee, agent, or subcontractor of Consultant providing Services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.
Notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary, Consultant and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.
26. Notices. Any notice or communication given under this Agreement shall be effective when deposited, postage prepaid, with the United States Postal Service and addressed to the contracting parties. Name, address, telephone and facsimile numbers of the parties are as follows:
City of Gardena:
1700 West 162nd Street
Gardena, California 90247-3732
Attn: Ray Beeman
Title: Director of Administrative Services
Email: [email protected]
Telephone: (310) 217-9502
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To Consultant: Gruber and Lopez, Inc.
438 Old Newport Boulevard
Newport Beach, CA 92663
Attn: Ron Lopez
Email: [email protected]
Telephone: (949) 346-2900
Either party may change the information to which notice or communication is to be sent by providing advance written notice to the other party.
27. Severability. If any provision of this Agreement shall be held illegal, invalid, or unenforceable, in whole or in part, such provision shall be modified to the minimum extent necessary to make it legal, valid, and enforceable, and the legality, validity, and enforceability of the remaining provisions shall not be affected thereby.
28. Jurisdiction and Venue. This Agreement shall be deemed a contract under the laws of the State of California and for all purposes shall be interpreted in accordance with such laws. Both parties hereby agree and consent to the exclusive jurisdiction of the courts of the State of California and that the venue of any action brought hereunder shall be Los Angeles County, California.
29. Waiver. No delay or failure by either Party to exercise or enforce at any time any right or provision of this Agreement shall be considered a waiver thereof or of such Party’s right thereafter to exercise or enforce each and every right and provision of this Agreement. To be valid a waiver shall be in writing but need not be supported by consideration. No single waiver shall constitute a continuing or subsequent waiver.
30. Electronic Signatures. The parties hereby acknowledge and agree that electronic records and electronic signatures, as well as facsimile signatures, used in connection with the execution of this Agreement and electronic signatures, facsimile signatures or signatures transmitted by electronic mail in so-called pdf format shall be legal and binding and shall have the same full force and effect as if a paper original of this Agreement had been delivered and had been signed using a handwritten signature.
City and Consultant (i) agree that an electronic signature, whether digital or encrypted, of a party to this Agreement is intended to authenticate this writing and to have the same force and effect as a manual signature, (ii) intend to be bound by the signatures (whether original, faxed or electronic) on any document sent or delivered by facsimile or, electronic mail, or other electronic means, (iii) are aware that the other party will reply on such signatures, and (iv) hereby waive any defenses to the enforcement of the terms of this Agreement based on the foregoing forms of signature. If this Agreement has been executed by electronic signature, all parties executing this document are expressly consenting under the United States Federal Electronic Signatures in Global and National Commerce Act of 2000 ("E-SIGN") and California Uniform Electronic Transactions Act ("UETA")(Cal. Civ. Code § 1633.1, et seq.), that a signature by fax, email or other electronic means shall constitute an Electronic Signature to an Electronic Record under both E-SIGN and UETA with respect to this specific transaction.
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31. Joint Drafting. Each party acknowledges that it has had an adequate opportunity to review each and every provision in this Agreement and to submit the same to counsel and other consultants for review and comment and that the parties jointly drafted this Agreement. No provision of this Agreement or any Assignment shall be construed more strictly against one party than the other party by reason that one or the other party proposed, drafted or modified such provision or any other existing or proposed provision.
32. Public Records Act Disclosure. Consultant has been advised and is aware that this Agreement and all reports, documents, information and data, including, but not limited to, computer tapes, discs or files furnished or prepared by Consultant, or any of its subcontractors, pursuant to this Agreement and provided to City may be subject to public disclosure as required by the California Public Records Act (California Government Code section 7920.000 et seq.). Exceptions to public disclosure may be those documents or information that qualify as trade secrets, as that term is defined in the California Government Code section 7924.510, and of which Consultant informs City of such trade secret. The City will endeavor to maintain as confidential all information obtained by it that is designated as a trade secret. The City shall not, in any way, be liable or responsible for the disclosure of any trade secret including, without limitation, those records so marked if disclosure is deemed to be required by law or by order of the Court.
33. Authority to Execute. The persons executing this Agreement on behalf of the parties warrant that they are duly authorized to execute this Agreement.
34. Attorney’s Fees. In the event that legal action is necessary to enforce the provisions of this Agreement, or to declare the rights of the parties hereunder, the parties agree that the prevailing party in the legal action shall be entitled to recover attorney’s fees and court costs from the opposing party.
35. Section Headings. The Section headings used in this Agreement are for reference purposes only and shall have no binding effect.
36. Entire Agreement. This Agreement contains the entire understanding between City and Consultant. Any prior agreement, promises, negotiations or representations not expressly set forth herein are of no force or effect. Subsequent modifications to this Agreement shall be effective only if in writing and signed by both parties. This Agreement may be signed by the parties hereto in separate counterparts, including both counterparts that are executed on paper and counterparts that are in the form of electronic signatures.
Electronic signatures include facsimile or email electronic signatures. Each executed counterpart shall be deemed an original. All counterparts, taken together, constitute the executed Agreement.
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IN WITNESS WHEREOF, the parties have hereunto affixed their names as of the day and year written below.
“City” “Consultant”
City of Gardena Gruber and Lopez, Inc.
By: _______________________ By: _______________________________ Tasha Cerda
Mayor Name: _________________
Title: __________________
Date: _______________ Date: __________________
By: _______________________________
Name: _________________
Title: __________________
Date: __________________
ATTEST:
Mina Semenza, City Clerk
APPROVED AS TO FORM:
Carmen Vasquez, City Attorney
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 4/16/2024
Director / Acting Treasurer
Matt Lenton
Partner/ President
Ron Lopez
4/16/2024
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
1 REQUEST FOR PROPOSALS
FOR
PROFESSIONAL AUDITING SERVICES
RFP No. 2024-002
City of Gardena
1700 West 162nd Street
Gardena, CA 90247
EXHIBIT A
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
2 TABLE OF CONTENTS
INVITATION FOR REQUEST FOR PROPOSAL ............................................................ 3 PROCUMENT SCHEDULE .......................................................................................... 4 I. INTRODUCTION ............................................................................................................................... 5 II. GENERAL INFORMATION ............................................................................................................. 5 III. SCOPE OF WORK ............................................................................................................................ 9 IV. CITY RESPONSIBILITIES .................................................................................................................. 12 V. PROPOSAL SUBMISSION REQUIREMENTS AND FORMAT ............................................... 13 VI. EVALUATION AND SELECTION PROCESS ............................................................................ 17 VII. PROPOSAL TERMS AND CONDITIONS .................................................................................. 18
EXHIBITS
A. FORMAT FOR SCHEDULE OF PROFESSIONAL FEES AND EXPENSES TO SUPPORT THE
TOTAL ALL-INCLUSIVE MAXIMUM PRICE
B. FORMAT FOR SCHEDULE OF ALL-INCLUSIVE MAXIMUM PRICE REPORT C. REQUIRED FORMS
D. SAMPLE CITY OF GARDENA PROFESSIONAL SERVICES CONTRACT DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
3 INVITATION FOR REQUEST FOR PROPOSALS
NO. 2024-002
PROFESSIONAL AUDITING SERVICES
PUBLIC NOTICE IS HEREBY GIVEN that City of Gardena invites and shall receive proposals up to the hour of 5:00 PM (PST) on March 14, 2024 from qualified firms for professional auditing services.
In order to qualify for evaluation, prospective proposers shall have a minimum of five (5) engagements in the last five ( 5) years that are similar in organizational type, size, and complexity to the engagement described in the request for proposal . Proposers shall include client lists and website addresses of previous work for evaluators to review.
In addition, proposer shall include plans of action to meet all requirements described in the Scope of Work.
Copies of the proposals and any addendums may be obtained by visiting City of Gardena’s online procurement platform, “PlanetBids”, which can be accessed via City of Gardena webpage at:
https://cityofgardena.org/purchasing-rfp/
Proposals shall only be accepted via PlanetBids and are due by no later than March 14, 2024 at 5:00 PM (PST).
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RFP 2024-002
PROFESSIONAL AUDITING SERVICES
4 PROCUREMENT SCHEDULE
Responses to the RFP must be submitted to the City of Gardena as outlined in this section. City of Gardena reserves the right to modify this schedule as needed.
Responses are due no later than
THURSDAY, MARCH 14, 2024 AT 5:00 PM (PST)
Responses received after this date and time will not be considered.
PROPOSED SCHEDULE FOR THE REVIEW AND SELECTION PROCESS
AND AWARD OF CONTRACT
MILESTONE DATE TIME (PST)
Release RFP February 12, 2024 12:00PM
Question submittal deadline February 28, 2024 12:00PM
Questions posted on City website
(cityofgardena.org/purchasing-rfp/)
March 5, 2024 5:00PM
Proposal due date March 14, 2024 5:00PM
Interviews with Qualified Firms Week of April 8, 2024 TBD Award of Agreement April 23, 2024 7:00 PM
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RFP 2024-002
PROFESSIONAL AUDITING SERVICES
5 I. INTRODUCTION
The City of Gardena, California is located just miles from the beautiful California coast, near the interchange of the Harbor, San Diego, and Gardena freeways, and just 13 miles south of the City of Los Angeles, in the South Bay Area. Gardena is a part of the Los Angeles-Long Beach-Glendale Metropolitan Statistical Area.
Gardena has the singular distinction of having within its borders both the first legal card club licensed in the State of California, granted in 1936, and the newest club in the state, which opened in 2000. At one time, only five-card draw and lowball poker could be played. During the 1960s, Gardena was the only City in Los Angeles County to have legal gambling. In the mid -1980s, a tremendous Asian influence arrived with the introduction of a number of California games. A complete listing is contained in the City of Gardena Resolution No. 6581.
The City of Gardena, incorporated on September 11, 1930 as a general law City, operates under the Council -Manager form of government. Policy -making and legislative authority are vested in a governing council consisting of four members of the City Council a nd a Mayor elected on a non -partisan basis at -large for four-year terms, with an election every two years. The Council is responsible for, among other things, establishing policy, passing ordinances, adopting an annual budget, appointing members to various City Commissions and Boards and hiring the City Manager and City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the government, and for appointing the heads of the various departments.
The official population of the City o f Gardena as of 2023 is 59 ,809 (CA Department of Finance) . Gardena is a full -service city and encompasses an area of six square miles. The City’s Genera l Fund Budget is approximately $8 2 million.
The City’s financial statements are prepared in compliance with GASB and in conformance with requirements of the GFOA Certificate of Achievement for Excellence in Financial Repo rting. The City uses Tyler’s Eden financial software for general ledger, cash receipts, acco unts receivable , accounts payable, payroll, purchasing, and budgeting.
II. GENERAL INFORMATION
The City of Gardena (hereinafter referred to as “the City”) is seeking a qualified firm(s) of certified public accountants (hereinafter referred to as “the Proposer”) for a three (3) year contract to prepare and audit financial statements for the DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
6 fiscal years ending June 30, 2024, 2025, and 2026 . An option to extend the contract for fiscal years ending June 30, 2027 and 2028 may be exercised by the City through a written amendment.
The Proposer will be asked to prepare the agreed-upon auditing procedures each fiscal year pertaining to the GANN Limit (Appropriation Limit), prepare and audit the City’s financial statements , prepare GTrans (transportation) Enterprise Fund Financial Report, and complete a Single Audit Report if expenditure criteria are met.
The audits are to be performed in accordance with generally accepted auditing standards, the standards set forth for financial and compliance audits in the U.S. General Accounting Office’s (GAO) Standards for Audit of Governmental Organizations, Programs, Activities, and Functions, the provisions of the Single Audit Act of 1984, as amended in 1996, U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments and Governmental Accounting Standards Board (GASB) Pronouncements.
A. Minimum Qualifications
The successful Proposer shall have a minimum of five projects of verifiable experience performing similar work over a period of the last five years.
B. Proposer’s Acknowledgement
By submitting a proposal, each Proposer represents that it has fully investigated and become completely familiar with the RFP requirements, operating conditions throughout City’s service area and applicable local, state and federal laws and regulations. The City will not consider claims for additional compensation based upon the Proposer’s lack of knowledge of such documents, statutes, regulations, resolutions or conditions.
C. Amendments
Any changes to the requirements will be made by written amendment to this Request for Proposal, which shall be incorporated into the terms and conditions of any resulting contract or agreement. The Proposers shall rely only on written amendments by the City of Gardena in submitting or revising proposals. In no event should a prospective Proposer submit a proposal based upon an oral interpretation of the RFP by any city staff or by any other firm or individual not associated with the City of Gardena.
D. Question and Answer Period
Should a Proposer have inquiries, require clarifications, or request deviations to this RFP, the Proposer shall notify City of Gardena in writing via PlanetBids only.
Should City, in its sole discretion, determine that the point in question is not clearly and fully set forth, City will issue a written addendum clarifying the matter via PlanetBids.
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RFP 2024-002
PROFESSIONAL AUDITING SERVICES
7 All inquiries, clarifications, or requests for deviations shall be submitted by February 28, 2024 at 12:00 PM (PST) via PlanetBids.
Responses and addendums shall be published via PlanetBids on March 5, 2024 at 5:00 PM (PST)
E. Modification of Proposals
Any modification of the proposal by the Proposer which is inconsistent with or in addition to all of the terms and conditions herein set forth shall be void and of no effect unless and to the extent expressly accepted by the City of Gardena in writing. Proposals shall be submitted upon the response forms and in the manner prescribed in this document. City of Gardena reserves the right to refuse to consider any proposal not tendered on proposal forms furnished by the City, to waive minor discrepancies, or to reject proposals because of minor discrepancies as it sees fit.
F. Legal Compliance
The Proposer agrees to abide by all laws, rules and regulations promulgated by the United States of America, the State of California, or any agencies or subdivisions thereof; specifically including Cal/OSHA and OSHA and California Department of Industrial Relations minimum wage and salary requirement regulations currently in effect at time proposals are due.
G. Affirmative Action
City of Gardena is an equal opportunity employer, and all Contractors working on City of Gardena projects are required to follow a policy of affirmative action in regard to the requirements of Executive Order 11246.
H. Key Personnel and Facilities
Proposers must identify key personnel to serve as contacts and facilities necessary to accomplish the work within the required time.
I. Terms and Conditions
The Proposal shall include all terms, conditions and requirements of this Request for Proposal and any amendments thereto. Any agreements resulting from this Request for Proposal, including subcontract or supplier agreements, shall be subject to and incorporate such terms, conditions and requirements.
J. Disadvantaged Business Enterprise (DBE) Participation City of Gardena hereby notifies all Proposers that it will affirmatively ensure that, in regard to any agreement entered into pursuant to this advertisement, disadvantaged businesses will be afforded full opportunity to submit offers in response to this solicitation.
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PROFESSIONAL AUDITING SERVICES
8 K. Confidentiality of Proposals
Confidentiality of proposals is considered by the City of Gardena an essential element of maintaining fairness during the evaluation process. However, confidentiality cannot be guaranteed under the California Public Records Act.
If a member of the public demands in writing to review portions of proposals which have been marked or identified as confidential, proprietary or business secrets, City of Gardena will notify the affected Proposer prior to releasing such portions of the proposal. The Proposer shall take such legal actions as it deems necessary to protect its interests. If the Proposer has not commenced such actions within five (5) calendar days afte r receipt of the notice from the City of a demand to review such portions of its proposal and provided city written notice of the actions, the City may make such portions available for review by the public as City deemed necessary to comply with State law.
The Proposer asserting that portions of its proposal are legally protectable shall bear all costs of defending such assertion, including indemnifying and reimbursing the City of Gardena for its administrative, expert and legal costs and judgments involved in defending itself in actions arising from such assertions by the Proposer. By submitting a proposal with portions marked confidential, proprietary, business secrets or the like, the P roposer has thereby agreed to the provisions of this section, including the defense and reimbursement obligations.
L. Pre-Contractual Expenses
All costs incurred by the Proposer in the preparation of its response to this RFP, or its submission, or negotiating with the City of Gardena , or any other expense incurred by the Proposer prior to the date of the award, if any, are the responsibility of the Proposer and will not be reimbursed by the City of Gardena.
M.Suspension and Debarment
Proposer shall certify by signature, that none of firm, or its principals, as defined in 49 CFR 29.995 or affiliates, as defined at 49 CFR 29.905, are excluded or disqualified as defined at 49 CFR 29.940 and 29.945.
Proposer shall also submit proof of non-debarment or suspension, by providing a printout or screenshot from the U.S. Government’s official website www.sam.gov showing they are not debarred or suspended with their proposal package. If proposer is not curren tly registered as a vendor on www.sam.gov, then the proposer shall submit proof of application for registration with their proposal.
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9 III. SCOPE OF WORK
A. Services to be performed by Auditors
1. In general, the auditors will perform a financial and compliance audit to determine (a) whether the combined financial statements of the City fairly presents the financial position and the results of financial operations in accordance with generally accept ed accounting principles and (b) whether the City has complied with laws and regulations that may have material effect upon the financial statements.
2. The auditors will examine the City’s internal accounting controls and accounting procedures and render written reports of their findings and recommendations to the Director of Administrative Services . The examination shall be made, and reports rendered in accordance with generally accepted government auditing standards. In addition, the auditors shall communicate to the Director of Administrative Services any reportable conditions found during the audit that can be defined as either a significant or material weakness in the design or operation of the internal control structure, which could adversely affect the organization’s ability to record, process, summarize, and report financial data consistent with the assertions of management in the financial statement.
3. Auditors shall be required to make an immediate, written report of all irregularities and illegal acts or indications of illegal acts of which they become aware to the Director of Administrative Services and City Manager.
4. Auditors shall include all funds of the City and any component unit(s).
5. Under the requirements of the Federal Government’s program covering a single audit in accordance with the Single Audit Act, OMB Circular A -133 and related government auditing standards.
6. Auditors shall submit a management letter setting forth their findings and/or recommendations on those matters noted and observed during the conduct of the examination of the financial records and developed within the scope usually associated with such an examination relating to, but not limited to (a) improvement in systems of internal control, (b) improvement in accounting system, (c) apparent noncompliance with laws, rules, regulations, and (d) any other material matter coming to the attention of the firm during the conduct of the examination.
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10 7. Auditors shall prepare for the City the Annual GTrans Enterprise Fund Financial Report before the required deadline each fiscal year.
8. Auditors shall perform audit procedures each fiscal year for the City’s GANN Limit.
B. Timeline Requirement
1. Auditors shall schedule field work and agreed upon deadlines with the Director of Administrative Services for the Fiscal Year 2023/24 audit, and each audit year thereafter.
2. The City’s books shall be closed and ready for audit by the mutually agreed start date for final field work.
3. Field work shall be completed no later than October 31 and draft financial statements, presented according to the timetable listed under Part III, Section E. “Specific Deliverables to the City of Gardena” shall be prepared and delivered to the Director of Administrative Services.
4. The entrance conference, progress reporting, and exit conference should be held within the timeframes indicated on the schedule shown below:
a. Entrance conference with Director of
Administrative Services and key Finance
Department staff to discuss work to be
performed, establish overall liaison for
audit, arrangements for workspace ,
and other needs of the auditor.
Prior to start of audit
field work.
b. Progress conference with Director of
Administrative Services and key Finance
Department staff to discuss the year -
end work to be performed.
Midway through
audit field work.
c. Exit conference with Director of
Administrative Services , key Finance
Department staff, and City Manager to
summarize the results of the field work
and review significant findings.
At the conclusion of
the year -end audit
filed work.
C. Reporting and Communication
1. The auditors will meet continuously during the on -site field work process with the Director of Administrative Services to discuss issues, concerns, preliminary audit findings, and management recommendations.
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11 2. Prior to issuing their final reports, the auditors will meet with the Director of Administrative Services with all draft reports to be addressed to the City Council.
3. The auditors may be consulted occasionally throughout the year as an information resource. Auditors may be asked to provide guidance on implementation of Government Accounting Standards Board (GASB) requirements and specifics of federal and state regulations as they may affect local government accounting. In addition, the auditors may be asked to assist with the implementation of new pronouncements.
D. Other Considerations
1. All working papers, reports, and records relating to the work performed under the Professional Services Agreement must be retained, at the auditor’s expense, for a minimum of five (5) years, unless the Firm is notified in writing by the City of Gardena of the need to extend the retention period.
2. The auditors will be required to make working papers available upon request to the appropriate parties. In addition, the Firm shall respond to the reasonable inquiries of successor auditors and allow review of working papers relating to matters of continuing accounting significance.
3. Throughout the year, the auditor will provide financial advice and counsel on matters occurring that may affect the audit process or impact the financial statements.
4. The audit partner/manager will be required to attend a City Council meeting to present the audited financial statements and answer any questions the Council may have regarding the audit report or accounting requirements.
E. Specific Deliverables to the City of Gardena
Reports Due Date Quantity
Draft of City’s Financial
Statements
No later than
November 20
1 Electronic
City’s GANN Limit No later than
December 1
1 Electronic
GTrans Enterprise Fund
Financial Report
No later than
December 1
1 Electronic
10 Hard Copies
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12 Final City’s Financial
Statements and
Auditor’s Reports
No later than
December 1
1 Electronic
20 Hard Copies
Single Audit Report No later than March 15 1 Electronic 10 Hard Copies
Management Report No later than
December 7
1 Electronic
IV. CITY RESPONSIBILITIES
A. Finance Staff
1. Finance staff will be responsible for closing the books and will provide trial balances, budget and actual revenue and expense reports, project expense reports, and detail transaction reports as needed from the financial system for each fiscal year.
2. Finance staff will produce the confirmation letters based on a comprehensive list prepared by the auditor. The letters will be mailed by the auditors.
3. Finance staff will produce the transmittal letter, MD&A, and statistical section of the ACFR.
4. Finance staff will be available to assist the auditors in locating records or preparing audit schedules. All requests from the auditors will be directed to the Director of Administrative Services or key Finance staff.
5. Finance staff will provide the auditors with reasonable workspace to include desks and chairs as well as access to internet and photocopying and fax machines.
B. Report Preparation
1. The auditors will prepare the draft and final versions of the financial statements, including notes and supplemental scheduled, for the City.
2. Final preparation and printing of the City’s Annual Comprehensive Financial Report will be completed by the auditors.
3. Preparation, editing, and printing of all other reports as indicated in Part III, Section E. “Specific Deliverables to the City of Gardena”, will be the responsibility of the auditors.
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13 V. PROPOSAL SUBMISSION REQUIREMENTS AND FORMAT
Proposals shall be typed and submitted on 8 1/2" x 11” size paper. All pages shall be numbered. Unless expressly stated otherwise, documents must be uploaded in PDF format via PlanetBids. Lengthy narrative is discouraged, and presentations should be brief and concise. Proposals should not include any unnecessarily elaborate or promotional material. Lengthy narrative is discouraged, and presentations should be brief and concise.
To be considered for selection, proposals must be submitted to PlanetBids by March 14, 2024 5:00 PM (PST).
Proposal Requirements
INDEPENDENCE
The Proposer should provide an affirmative statement that it is independent of the City of Gardena as defined by generally accepted auditing standards.
Moreover, the Firm must have no conflict of interest regarding any other work performed for the entity being audited. It is understood that the services performed by the auditors are in the capacity of independent contractors and not as an officer, agent, or employee of the City of Gardena.
LICENSE TO PRACTICE IN CALIFORNIA
The Proposer should provide an affirmative statement indicating that the Firm and all assigned key professional staff are properly licensed to practice in California.
FIRM QUALIFICATIONS AND EXPERIENCE
1. Proposer should state the size of the firm, the size of the firm’s governmental audit staff, the location of the office from which the work on this engagement is to be performed, and the number and nature of the staff to be employed on a part -time basis. Please indicate whether members of the audit team assigned to the City are reviewers in the Government Finance Officers’ Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting program.
2. The Proposer shall submit a copy of the report on its most recent external quality control review, with a statement whether that quality control review included a review of specific government engagements.
3. The Proposer shall provide information on the results of any federal or state desk reviews or field reviews of its audits during the past three (3) years. In addition, the Proposer shall provide information on the circumstances and status of any disciplinary action taken or pending against the Proposer DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
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14 during the past three (3) years with state regulatory bodies or professional organizations.
4. For the Proposer office assigned responsibility for the audit, list the most significant engagements (maximum of 5) performed in the last five (5) years that are similar in organizational type, size , and complexity to the engagement described in the request for proposal. These engagements should show experience with local governments preparing a ACFR and be ranked based on total staff hours. Indicate the scope of work, date, engagement partners, total hours, and the name and telephone number of the principal client contact and, if available, a link to the final published audit report.
PARTNER, SUPERVISORY, AND STAFF QUALIFICATIONS AND EXPERIENCE
1. The Proposer shall identify the principal supervisory and management staff, including engagement partners, managers, other supervisors and specialists, who would be assigned to the engagement and indicate whether each such person is licensed to practice as a Certified Public Accountant in California. The Proposer should also provide information on the governmental auditing experience, including the scope of audit services requested by the City, of each person, and information on relevant continuing professional education for the past three (3) years and membership in professional organizations relevant to the performance of this audit.
2. The Proposer should provide as much information as possible, including resumes, regarding the number, qualifications, experience and training of the specific staff to be assigned to this agreement. The Proposer should also indicate how the quality of staff over the term of the agreement will be assured.
3. Engagement partners, managers, other supervisory staff, and specialists may be changed if those personnel leave the Proposer, are promoted, or are assigned to another office. These personnel may also be changed for other reasons with the express prior written permission of the City of Gardena. However, in either case, the City of Gardena reserves the right to approve or reject replacements. This shall also apply to consultants and firm specialists mentioned in response to this request for proposal.
4. Other audit personnel may be changed at the discretion of the Proposer provided that replacements have substantially the same or better qualifications or experience and there is continuity of key staff to ensure an efficient audit process.
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15 SPECIFIC AUDIT APPROACH
The proposal should set forth a work plan, including an explanation of the audit methodology to be followed, to perform the services required in Section III of this requested proposal.
IDENTIFICATION OF ANTICIPATED POTENTIAL AUDIT PROBLEMS
The proposal should identify and describe any anticipated potential audit problems and the adoption of new laws or accounting audit principles that might affect the audit and the Proposer’s approach to addressing these problems and any special assistance that will be requested from the City of Gardena.
COST PROPOSAL AND HOURLY RATES
1. The proposal should contain all pricing information relative to performing the audit engagement as described in this request for proposal. The total all-inclusive maximum price to be proposed is to contain all direct and indirect costs including all out-of-pocket expenses.
2. The proposal should include a schedule of professional fees and expenses, as presented in the format shown in Exhibit A, which supports the total all inclusive maximum price in the format shown in Exhibit B. Failure to submit complete or incorrect forms may result in proposals being deemed non - responsive.
3. The labor rates proposed shall be fixed for the duration of the contract. In the event a contract change order is required, the labor rates proposed shall be the basis for any contract change order. This shall be a time and materials contract with a total not-to-exceed amount. Proposer shall be solely responsible for considering in their proposed rates any future local, state or federal minimum wage increases and complying with all local, state and federal wage, labor and employment laws.
City of Gardena may deem any proposals that do not follow these instructions as non-responsive.
Proposal Format and Content
PART A | TITLE PAGE
The title page should include the request for proposal subject, the name of the Proposer’s firm, local address, telephone number, name of contact person, and date.
PART B | TABLE OF CONTENTS
Include a clear identification of the material section and by page number.
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16 PART C | LETTER OF TRANSMITTAL
1. State whether the Firm is local, national, or international.
2. Give the location of the office from which the work is to be done and the number of partners, managers, supervisors, seniors, and professional staff employed at that office.
3. Describe the range of activities performed by the local office such as audit, accounting, or management services.
4. Describe the local office’s information technology (IT) audit capabilities, including the number and classifications of personnel skilled in IT auditing who will work on the audit, and describe the local office staff experience and familiarity with local government finance software.
5. Describe the local office’s recent auditing experiences of local government agencies which prepare a ACFR and give the names and telephone numbers of client officials responsible for five (5) of the audits listed. If available, provide a link to the final published audit report.
6. Describe the document publication technology and staff formatting and proofreading expertise.
PART D | AUDIT TEAM
1. Describe the composition of the audit team, including staff from other than the local office, and consultants. Describe the commitment of the Proposer to providing the same audit team on subsequent audits. Include resumes of each person so identified.
2. Identify the supervisors and consultants who will work on the audit and include resumes of each person so identified.
3. Identify any members of the audit team who are certified ACFR reviewers in the Government Finance Officers’ Association (GFOA) Certificate of Excellence in Financial Reporting program.
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17 REQUIRED FORMS
Proposer must submit all the required forms listed below.
DESCRIPTION REQUIRED FORMS
REFERENCE LETTER
1. Proposal Submission Checklist FORM A
2. Transmittal Letter Form FORM B
3. Business Questionnaire FORM C
4. Addendum Acknowledgement FORM D
5. Client Reference List FORM E
6. Designation of Subcontractors FORM F
7. Affidavit of Non-Collusion FORM G
8. Conflicts of Interest Statement FORM H
9. Equal Employment Opportunity
Certification FORM I
10. Drug-Free Workplace Certification FORM J
11. Cost Proposal (refer to instructions) EXHIBIT A & EXHIBIT B
VI. EVALUATION AND SELECTION PROCESS
The proposals for the City’s audit will be evaluated by a committee selected by the Director of Administrative Services. Proposers may be required to make oral presentations as a supplement to their proposals. These presentations would only be held subsequent to the receipt of the proposals and will be part of the evaluation/interview process to determine qualifications of the audit firm. The Director of Administrative Services will schedule a time and location in the City of Gardena for each oral presentation that it requests. Should the Proposer refuse to honor the request for an oral presentation or interview, it may result in the rejection of the proposal by the City.
Evaluation considerations will include the following:
A. Responsiveness of the proposal in clearly stating the understating of the work to be performed and in demonstrating the intention and ability to perform the work.
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18 B. Auditors’ experience in conducting audits of cities and cities of similar nature, size, complexity, and the auditor’s commitment to maintaining technical expertise in the municipal finance environment.
C. Technical experience and professional qualifications of the audit team.
The number of key and supervisory personnel who will directly participate in the audit will be a consideration.
D. Experience in working with government finance software and ability to accept electronic reports and review transactions and documents in electronic format.
E. Size and structure of the Firm’s office from which the audit work is to be done and continuity in staff. The City is looking for a highly qualified team that is able to meet the due dates specified in this document, and it expects that same team to complet e any successive year’s engagements.
F. Ability of the Firm in providing technical support to finance staff as it relates to implementation of new accounting standards and recording and reporting of complex transactions.
G. Cost. Although a significant factor, cost will not be the primary factor in the selection of an audit firm.
H. Auditors’ experience in complying with applicable federal and state regulations relating to non -discrimination and equal employment opportunity.
VII. PROPOSAL TERMS AND CONDITIONS
1. CONTRACT AWARD
Contract award shall be made to the most qualified firm with whom City is able to reach an agreement. City reserves the right to select the proposal that it believes is most advantageous to the City.
City shall notify the successful Proposer by a contract award letter. Contract award will be contingent upon receipt of evidence of the Contractor’s ability to meet the insurance requirements and other requirements in this proposal.
2. EXAMINATION OF PROPOSAL MATERIALS
The submission of a proposal shall be deemed a representation and warranty by the proponent that it has investigated all aspects of the RFP, that it is aware of DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
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19 the applicable facts pertaining to the RFP process and its procedures and requirements, and that it has read and understands the RFP. No request for modification of the provisions of the proposal shall be considered after its submission on the grounds the proponent was not fully informed as to any fact or condition.
3. ADDENDA INTERPRETATIONS
If it becomes necessary to revise any part of this RFP, a written addendum will be provided to each firm that requested to be added to the notification list, and said addenda will be uploaded to the City website and PlanetBids. The City of Gardena is not bound by any oral representations, clarifications, or changes made in the RFP by the City or its agents, unless such clarifications or change is provided in written addendum from the City of Gardena.
4. DESIGNATED CONTACT
For the purposes of this RFP, the Director of Administrative Services is designated as the contact person . However, a ny questions concerning th is RFP shall be submitted to PlanetBids. All questions must be received by February 28, 2024 by 12:00 PM (PST).
Responses to questions will be posted on PlanetBids, and will become part of the RFP. It is the consultant’s responsibility to check the website for updates.
5. PUBLIC RECORDS POLICY
Responses (proposals) to this Request for Proposal (RFP) and the documents constituting any agreement entered into thereafter become the exclusive property of City of Gardena and shall be subject to the California Public Records Act (Government Code Section(s) 7920.000 - 7930.215). City’s use and disclosure of its records are governed by this Act.
Those elements in each proposal which Proposer considers to be trade secrets, as that term is defined in Civil Code Section 3426.1(d), or otherwise exempt by law from disclosure, should be prominently marked as “TRADE SECRET”, “CONFIDENTIAL”, or “PROPRIETARY” by Proposer. City of Gardena will use its best efforts to inform Proposer of any request for disclosure of any such document.
City of Gardena shall not in any way be held liable or responsible for the disclosure of any such records including, without l imitation, those so marked if disclosure is deemed to be required by law or by an order of the Court.
In the event of litigation concerning disclosure of information, the Proposer considers exempt from disclosure, City will act as a stakeholder only, holding the information until otherwise ordered by a court or other legal process. If the City of Gardena is required to defend an action arising out of a Public Records Act request for any of the contents of a Proposer’s proposal marked “Confidential”, “Proprietary”, or “Trade Secret”, Proposer shall defend and indemnify City from DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
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20 all liability, damages, costs, and expense, including attorneys’ fees, in any action or proceeding arising under the Public Records Act.
To ensure confidentiality, Proposers are instructed to enclose all “Confidential”, “Proprietary”, or “Trade Secret” data in separate sealed envelopes, which are then included with the proposal documents. Because the proposal documents are available for rev iew by any person after award of an agreement resulting from an RFP, City shall not in any way be held responsible for disclosure of any “Confidential”, “Proprietary”, or “Trade Secret” documents that are not contained in envelopes and prominently marked. This RFP document and all submittals in response thereto are public records. Prospective consultants are cautioned not to include any material into the proposal that is strictly proprietary in nature.
6. PROPOSAL COSTS
All costs associated with the preparation of RFP submittals shall be borne by the respondent. This RFP does not constitute any form of offer to contract.
7. RESERVATION OF RIGHTS
The City reserves the right, for any reason, to accept or reject any one or more proposals; to negotiate the terms and specifications of the proposal; to modify any part of the RFP; or issue a new RFP.
8. PRODUCT OWNERSHIP
Any documents resulting from the contract will be the property of the City.
9. DEBARMENT AND SUSPENSION
Each Proposer must certify and submit documentation (such as a notarized affidavit) showing that neither the Proposer nor its principals are presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in this t ransaction by any Federal department or agency.
10. INTERESTS OF MEMBERS OF, OR DELEGATES TO CONGRESS
No members of, or delegates to, the Congress of the United States shall be admitted to any share or part of an agreement or to any benefit arising therefrom.
No member, officer, or employee of the public body or of a local public body during his tenure or for one year thereafter shall have any interest, direct or indirect, in this solicitation or the proceeds thereof.
11. LAWS TO BE OBSERVED
Each Proposer shall keep itself fully informed of all existing and future State and Federal laws, all municipal and state regulations all such orders, decrees, DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
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21 ordinances and laws of bodies, or tribunals, including other municipalities or counties whether in the State of California, or another State, having any jurisdiction or authority over which in any manner affect those engaged or employed in the work, or the materials used in the work or in any way affect the conduct of the work.
Failure by Proposer to carry out these requirements is a material breach of agreement, which may result in the termination of this solicitation or other such remedy as City of Gardena may deem appropriate.
12. PROFESSIONAL SERVICES AGREEMENT
All Proposers must identify in their proposal any terms and conditions of the sample Professional Service Agreement (Exhibit D) that they wish to negotiate.
Insurance is required as outlined in Section 22 of the sample agreement.
13. CAUSES FOR DISQUALIFICATION
Any of the following may be considered cause to disqualify a proponent without further consideration:
- Evidence of collusion among proponents;
- Any attempt to improperly influence any member of the evaluation panel; - A proponent's default in any operation of a professional services agreement which resulted in termination of that agreement; and/or - Existence of any lawsuit, unresolved contractual claim, or dispute between proponent and the City.
14. PROTEST PROCEDURES
City of Gardena Ordinance No. 1493 specifies the policies and procedures to be used to ensure that all purchases, contracts and services are obtained through fair and open competition. The Purchasing Officer has the authority and the responsibility to ensu re that all procurement is in compliance with this policy. The Purchasing Officer shall also ensure that all prospective Proposers are informed of the procedures to file a “Proposal Protest”.
Should any individual, organization or group believe that these policies have been violated they may make an appeal in writing to the Purchasing Officer who is obligated to investigate the protest and provide an official response to the protest.
Protests shall be submitted within ten (10) working days of notification that a proposal has been awarded. All protests shall state specifically:
1. The Proposal title, opening or award date, purchase order or other identifying data;
2. The specific policy that is alleged to have been violated;
3. The adverse effect alleged to have resulted from the policy violations;
4. The corrective action being sought as a remedy.
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22 The Purchasing Officer will respond in writing to the protester no later than ten (10) working days from receipt of the protest. The response shall include:
a) Review of the policy as applied in the transaction being questioned. b) Response to each material issue raised in the protest. c) Statement of whether a violation has indeed occurred. d) Corrective action to be taken if any is warranted.
A copy of the complaint and the response will be forwarded to the City Manager for review prior to submittal to the protester. According to City policies, the decision of the Purchasing Officer is appealable to the City Manager. If no appeal has been received in the office of the City Manager, the decision of the Purchasing Officer shall be considered final on the fifth working day following the date of notification to the protester. Should an appeal be received by the City Manager, a response will be provided to the protestor within five (5) working days and shall be considered final.
Whenever possible, the award of procurement will not be made final until all Proposal protests have been satisfactorily resolved. Final award will not be made until five (5) days after notification of protest decision has been provided to the protesting pa rties. The City does reserve the right to proceed with the award pending the resolution of the proposal protest when it is determined that:
a) The items to be procured are urgently required;
b) Deliver or performance will be unduly delayed by failure to make the ward promptly; or
c) Failure to make prompt award will otherwise cause undue harm to the City or funding agent.
When federal or state funding is involved, these procedures will be followed and will be supplemented by the regulations of the funding source. Should there be a conflict in the funding regulations and those set forth herein by the City, the more restrictive procedure shall take precedence.
Proposal protests are to be directed in writing to:
City of Gardena
Attn: Purchasing Officer
Proposal Protest for – RFP No. 2024-002 PROFESSIONAL AUDITING SERVICES 1700 West 162nd Street
Gardena, CA 90247
Formal Protests shall clearly state the following on the outside of the envelope:
PROPOSAL PROTEST FOR- RFP No. 2024-002 PROFESSIONAL AUDITING SERVICES
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23 EXHIBIT A
Schedule of Professional
Fees and Expenses to
Support the Total All-
Including Maximum
Price Hours
Standard
Hourly Rates
Quoted
Hourly Rates Total
Partner $ $ $
Manager $ $ $
Supervisory Staff $ $ $
Other (Specify) $ $ $
Sub-Total $
Out-of-Pocket Expenses $
Total $
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24 EXHIBIT B
All-Inclusive Maximum Price by Report FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 City Audit/ACFR
GTrans Enterprise Fund
Single Audit
GANN Limit
Total
Optional Years
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25 EXHIBIT C
FORM A
PROPOSAL SUBMISSION CHECKLIST
This checklist shall be completed and returned with your proposal. Failure to return this checklist and the required documents may be cause for considering the proposal non-responsive.
DESCRIPTION
REQUIRED FORMS
REFERENCE
LETTER
PROPOSER’S
INITIALS
1. Proposal Submission Checklist (This
Form)
FORM A
2. Transmittal Letter Form FORM B
3. Business Questionnaire FORM C
4. Addendum Acknowledgement FORM D
5. Client Reference List FORM E
6. Designation of Subcontractors FORM F
7. Affidavit of Non-Collusion FORM G
8. Conflicts of Interest Statement FORM H
9. Equal Employment Opportunity
Certification
FORM I
10. Drug-Free Workplace Certification FORM J
11. Cost Proposal (refer to instructions) EXHIBIT A & EXHIBIT B
Company Name:
Name of Proposer initialing
document (print):
Email address of Company
Contact:
Signature:
Title:
Date:
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
26 FORM B
TRANSMITTAL LETTER FORM
City of Gardena
Attn: Purchasing Officer
1700 West 162nd Street
Gardena, CA 90247
1. Proposer acknowledges receipt of RFP 2024-004 and Addenda No. (s)
2. Proposer acknowledges its familiarity with requirements defined in Scope of Work.
3. This offer shall remain firm for days from the RFP close date. (minimum 120)
Company Name:
Address:
Telephone:
Print Name/Title:
E-mail:
Date Signed:
Signature:
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
27 FORM C
BUSINESS QUESTIONNAIRE
1. Name of Proposed Contractor ("Business”, herein): __________________________________________________
___________________________________________________________________________________________
Doing Business As: ___________________________________________________________________________ Other business name, if applicable)
EIN#______________________________
2. Business Mailing Address: _____________________________________________________________________ Street Address
_____________________________________________________________________ City State Zip Code
3. Business Telephone Number: ( ) _____________________ Fax Number: ( ) ________________________
E-mail address:
_______________________________________________________
4. Business Type: Individual Corporation Partnership Joint Venture
5. Number of Years in Business: __________________________________________________________________
6. Annual Gross Revenue: (M represents Millions)
$1M or less $1M-$5M $5M-$10M $10M-$16M $16M or Over
7. Number of Employees:
Less than 50 50-100* 101-750 751-1,000 1,001 or over
8. Is Business Owned by Minority Ethnicity? Yes No
9. Ethnic Group: African American Hispanic American Native American Asian Pacific American Subcontinent Asian American Caucasian Other (Please Specify) _____________________________________
10. Female Owned Business? Male Owned Business?
11. Type of Work Performed: Construction Wholesale/Distributor Manufacturing Professional Service General/Technical Service Retail
12. Please provide a brief description of your materials and/or services:
13. Is the Business a subsidiary of another entity? Yes No
14. Has the Business, or any officer or partner thereof, failed to complete a contract? Yes No
15. Is any litigation pending against the Business? Yes No
16. Has the Business ever been declared a "not responsible" vendor by a public agency? Yes No
17. Has the Business been debarred, suspended, proposed for debarment, declared ineligible, voluntarily excluded or otherwise disqualified from bidding, proposing or contracting? Yes No
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
28 FORM C Continued
BUSINESS QUESTIONNAIRE
18. Has the Business been a defaulter, as principal, surety or otherwise? Yes No
19. Has the government or other public entity requested or required enforcement of any of its rights under a surety agreement on the basis of a default or in lieu of declaring the Business in default? Yes No
20. Is the Business in arrears upon a contract or debt? Yes No
21. Are there any proceedings pending relating to the Business' responsibility, debarment, suspension, voluntary exclusion or qualification to receive a public contract? Yes No
22. Have liquidated damages or penalty provisions been assessed against the Business for failure to complete the work on time or for any other reason? Yes No
23. If a "yes" response is given under questions 15 through 22, please provide a detailed explanation including dates, references to contract information, contacts, etc. (attach additional pages as necessary). City reserves the right to inquire further with respect thereto.
24. Name of principal financial institution for financial responsibility reference.
Name of Bank:
Address:
City and State:
Officer familiar with proposers account:
Federal Taxpayer I.D. number:
25. Please check all classifications that apply to your business:
DBE WBE MBE SBE SBRA LSAF
I, individually and on behalf of the business named above, do by my signature below certify that the information provided in this questionnaire is true and correct. I understand that if the information provided herein contains any false statements or any misrepresentations: 1) City will have the grounds to terminate any or all contracts which City has or may have with the business; 2) City may disqualify the business named above from consideration for contracts and may remove the business from City’s proposers list; or/and 3) City may have grounds for initiating legal action under federal, state or local law.
Note: This questionnaire is also a certification form; the information requested will be used to determine small business status as per 13 CFR Part 121. Additionally, this information will allow City to report the amount of subcontracting activity with all businesses that offer the commodities and services used by City.
Printed Name: Title
Signature of Owner: Date:
(Owner, CEO, President, Majority Stockholder or Designated Representative)
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
29 FORM D
ADDENDUM ACKNOWLEDGEMENT
Proposer acknowledges receipt of the following addenda which are attached to the Proposal:
Addendum No. _____________ Date __________________
Addendum No. _____________ Date __________________
Addendum No. _____________ Date __________________
Failure to acknowledge the receipt of all addenda may cause the Proposal to be considered non - responsive.
If Proposer is a corporation, state the legal name of the corporation and the name(s) of person(s) authorized to sign Proposals; if a partnership, state true name of firm and the names of all individual partners; if an individual, state name in full.
_______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________
Date: ______________________, 20____
Company: __________________________
Signed: ____________________________
Name: _____________________________
Title: ______________________________
Telephone: __________________________
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
30 FORM E
CLIENT REFERENCE LIST
All references shall be reachable and willing to furnish information by telephone conversation or email. Please ensure contact information is accurate and up-to-date.
1. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
2. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
3. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
4. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
____________________________________________________
Signature of Authorized Person
____________________________________________________
Name, Title
____________________________________________________
Company Name
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
31 FORM F
DESIGNATION OF SUBCONTRACTORS
Propose shall provide the names and business addresses of each subcontractor who will perform work under the contract.
Attach additional copies of this form if more space is needed.
Company Name and Address /
Contact Name and Phone No.
INCLUDE LICENSE NUMBERS
DBE
(Included in
CUCP List)
(Yes / No)
Small
Business
Enterprise
(Yes / No)
Description of
Work/Services
Estimated
Dollar
Amount
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP 2024-002
PROFESSIONAL AUDITING SERVICES
32 FORM G
AFFIDAVIT OF NON-COLLUSION
Submit this form with the Price Proposal, failure to do so is grounds for disqualification.
I hereby swear (or affirm) under penalty of perjury that:
1. I am the Proposer (if the Proposer is an individual), a partner in the proposal (if the Proposer is a partnership), or an officer or employee of the proposing corporation and have authority to sign on its behalf (if the Proposer is a corporation);
2. The Proposer has independently produced the attached proposal(s) without collusion, agreement, understanding or planned common course of action, with any other source, that would limit independent proposing competition;
3. The contents of the proposal(s) have not been communicated by the Proposer and or its employees and or agents to any person not an employee and or agent of the Proposer or its surety, on any bond furnished with the proposal, and will not be communicated to any such person prior to the official opening of the proposal, and
4. I have fully informed myself regarding the accuracy of the statements made in this affidavit.
Proposer’s Company Name
Legal Structure (corp./partner/proprietor)
Principal Office Address
City, ST, Zip
Phone Number
Fax Number
Federal Employer Identification Number
Title of Person Authorized to Sign
Print Name of Person Authorized to Sign
Authorized Signature and Date
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 33
FORM H
CONFLICTS OF INTEREST STATEMENT
Proposers shall provide a list of all entities with which it has relationships that create, or would appear to create, a conflict of interest with the work that is contemplated by this project. The list should indicate the name of the entity, the relationship to the Proposer, and a discussion of the conflict.
Name of Entity:
Relationship to Proposer:
Conflict: _
Name of Entity:
Relationship to Proposer:
Conflict:
Name of Entity:
Relationship to Proposer:
Conflict:
OR
I, , hereby certify that
Authorized Official
has no known relationships that
Company
create or would appear to create a conflict of interest with the work that is contemplated by this project.
Executed this _ day of , 20
By
(Signature of Authorized Official)
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 34
FORM I
EQUAL EMPLOYMENT OPPORTUNITY CERTIFICATION
The successful bidder hereby certifies compliance with all applicable equal employment opportunity laws and regulations, as applicable:
1. In implementing the project, the successful bidder may not discriminate against any employee or applicant for employment because of race, color, creed, sex, disability, age or national origin. The recipient agrees to take affirmative action to ensure that applicants are employed, and that employees are treated during employment without regard to their race, color, creed, sex, disability, age, or national origin. Such action shall include, but not be limited to, the following: employment, upgrading, demoti on or transfer, recruitment or recruitment advertising, layoff or termination, rates of pay or other forms of compensation, and selection for training, including apprenticeship.
2. The successful bidder shall be responsible for requiring that all subcontractors of the project comply with this provision, except subcontracts for standard commercial supplies of new materials.
____________________________
Date
______________________________________________
Company
By: ______________________________________________
Signature of Authorized Official
______________________________________________
Print Name of Authorized Official
______________________________________________
Title of Authorized Official
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 35
FORM J
DRUG-FREE WORKPLACE CERTIFICATION
I, _____________________________________________________, hereby certify on behalf of (name of authorized official)
_________________________________________ that:
(name of company)
The Contractor named above, and all Sub -Contractors working on this Contract, will comply with Government Code Section 8355 in matters relating to providing a drug -free workplace. The Contractor and all Sub-Contractors will, therefore:
1. Publish a statement notifying employees that unlawful manufacture, distribution, dispensation, possession, or use of a controlled substance are prohibited, and that specified actions will be taken against employees for violation of these prohibitions, as required by Government Code Section 8355(a).
2. Establish a Drug -Free Awareness Program, as required by Government Code Section 8355(b), to inform employees about all of the following:
a. The dangers of drug abuse in the workplace.
b. The firm’s policy of maintaining a drug-free workplace. c. Any available counseling, rehabilitation and employee assistance programs, and; d. Penalties that may be imposed upon employees for drug abuse violations, including that no employee who tests positive for use of a controlled substance shall be permitted to work on this Contract.
3. Provide, as required by Government Code Section 8355(c), that every employee who works on the proposed Contract:
a. Will receive a copy of the firm’s drug-free policy statement, and; b. Will agree to abide by the terms of the firm’s statement as a condition of employment on the Contract.
CERTIFICATION:
I, _______________________________________, hereby certify that the above named company, which I am duly authorized to represent, will comply with the Drug -Free Workplace requirements of this Contract. I understand that this certification is made under penalty of perjury, under the laws of the State of California.
Executed this ________ day of _____________________, 20___ By ____________________________________________
(Signature of Authorized Official)
______________________________________________
(Title of Authorized Official)
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 1
AGREEMENT BETWEEN THE
THE CITY OF GARDENA
AND
_____________________________
This contract, hereinafter referred to as Agreement is entered into this ______ day of _____, 2024, by and between THE CITY OF GARDENA (“City”) and ___________, a [state] [type of entity] (“Consultant”). Based on the mutual promises and covenants contained herein, the Parties hereto agree, as follows.
1. Recitals.
A. Whereas, City requires the services of a professional to perform audit services; and
B. Whereas, Consultant has represented that it is qualified by virtue of experience, training, education and expertise to provide these services; and
C. Whereas, City has determined that the public interest, convenience and necessity require the execution of this Agreement.
D. WHEREAS, no official or employee of City has a financial interest, within the provisions of sections 1090 -1092 of the California Government Code, in the subject matter of this Agreement.
2. Services.
A. The services to be performed by Consultant shall consist of the following (“Services”): As specified in Exhibit “A”, attached hereto and incorporated herein by reference, unless otherwise instructed by City.
B. The Services shall be performed in accordance with the Project Schedule set forth in Exhibit A. Consultant shall not be liable for any failure or delay in furnishing proposed Services resulting from fire, explosion, flood, storm, Act of God, governmental acts, orders or regulations, hostilities, civil disturbances, strikes, labor difficulties, difficulty in obtaining parts, supplies, or shipping facilities, inability to obtain or delays in obtaining suitable material or facilities required for performance, temporary unavailability of qualified personnel, failure by City to provide appropriate access to equipment or personnel, or other causes beyond Consultant’s reasonable control.
3. Additional Services. If City determines that additional Services are required to be provided by Consultant in addition to the Services set forth above, City shall authorize Consultant to perform such additional Services in writing (“Additional Services”). Such Additional Services shall be specifically described and approved by City in writing prior to the performance thereof. Consultant shall be compensated for such Additional DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 2
Services in accordance with the amount agreed upon in writing by the Parties. No compensation shall be paid to Consultant for Additional Services which are not specifically approved by City in writing.
4. Consultant’s Proposal. This Agreement shall include Consultant’s proposal or bid which is incorporated herein as Exhibit A. In the event of any inconsistency between the terms of the proposal and this Agreement, this Agreement shall govern.
5. Timing of Performance. Time is of the essence with respect to Consultant’s performance of the Services required by this Agreement. Consultant shall diligently and timely pursue and complete the performance of the Services required of it by this Agreement as set forth in Exhibit A. City, in its sole discretion, may extend the time for performance of any Service.
6. Compensation. Compensation for the Services shall be billed as set forth in Exhibit *, attached hereto. The Compensation is inclusive of all costs that may be incurred by Consultant in performance of the Services, including but not limited to such items as travel, copies, delivery charges, phone charges, and facsimile charges, unless otherwise. In no event shall compensation under this Agreement exceed SPELL OUT AMOUNT and 00/00 ($*) without the prior written authorization of the City Council.
7. Term of Agreement/Termination. This Agreement shall commence on the Effective Date and continue for a period of three (3) years, ending on __________, 20__, unless previously terminated as provided herein or as otherwise agreed to in writing by the parties. This Agreement may be extended by two [2] additional one [1] year periods upon mutual written agreement of both parties.]
A. This Agreement shall be effective as of the date of execution by the City and shall remain in effect until all Services are completed or until terminated as provided for herein.
B. City may terminate this Agreement without cause by providing written notice to Consultant not less than ten days prior to an effective termination date. City’s only obligation in the event of termination will be payment of fees and allowed expenses incurred up to and including the effective date of termination.
C. Unless for cause, Consultant may not terminate this Agreement. If Consultant is terminating this Agreement for cause, it must provide the City with thirty (30) days written notice.
D. Upon receipt of a termination notice, Consultant shall: (1) promptly discontinue all Services, unless the notice directs otherwise; and (2) within ten (10) days, deliver to City all files, data, reports, estimates, summaries, and such other information and materials as may have been accumulated or prepared to date by Consultant in performing the Services under this Agreement, whether completed or in progress. Consultant shall provide these documents by both hard copy and in DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 3
electronic format if available. In the event of termination for other than cause attributable to Consultant, Consultant shall be entitled to reasonable compensation for the Services it performs up to the date of termination and shall be deemed released from liability for any work assigned but not completed as of the effective date of termination.
8. Agreement Administrator. For purposes of this Agreement, City designates Ray Beeman or designee as the Agreement Administrator who shall monitor Consultant’s performance under this Agreement. Consultant shall be notified in writing of any deficiency in the performance of this Agreement in a timely manner by Agreement Administrator Consultant shall have five (5) business days from receipt of the notification to cure any deficiency to the reasonable satisfaction of the Agreement Administrator. All costs for such corrections shall be borne by Consultant and shall not increase Consultant’s fees due hereunder. Should the Agreement Administrator determine that Consultant has not performed its obligation as stated in this Agreement in a satisfactory manner, City may terminate this Agreement for cause as specified in Section- Term of Agreement/Termination. All notices, invoices or other documents shall be addressed to the Agreement Administrator, as well as all substantive issues relating to this contract. City reserves the right to change this designation upon written notice to Consultant.
9. Invoices and Payments.
A. Payment shall be made upon receipt and approval of invoices for Services rendered. In order for payment to be made, Consultant’s invoice must include an itemization as to the services rendered, date(s) of service, direct and/or subcontract costs, and be submitted on an official letterhead or invoice with Consultant’s name, address, and telephone number referenced.
B. The Agreement Administrator shall review the invoices to determine whether services performed and documents submitted are consistent with this Agreement. Payment shall be made within forty-five (45) days following receipt of the invoice or the Agreement Administrator shall provide Consultant with a written statement objecting to the charges and stating the reasons therefore.
C. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to City at the time of payment.
10. Records/Audit.
A. Consultant shall be responsible for ensuring accuracy and propriety of all billings and shall maintain all supporting documentation for a minimum of three (3) years from the completion date of the Services under this agreement the following records:
1. All accounts and records, including personnel, property and financial, adequate to identify and account for all costs pertaining to this Agreement and DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 4
assure proper accounting for all funds;
2. Records which establish that Consultant and any subconsultant who renders Services under this Agreement are in full compliance with the requirements of this Agreement and all federal, state and local laws and regulations
3. Any additional records deemed necessary by City to assume verification of full compliance with this Agreement.
B. City shall have the right to audit Consultant’s invoices and all supporting documentation for purposes of compliance with this Agreement for a period of three years following the completion of Services under this Agreement.
C. Upon reasonable notice from City or any other governmental agency, Consultant shall cooperate fully with any audit of its billings conducted by, or of, City and shall permit access to its books, records and accounts as may be necessary to conduct such audits.
11. Successors and Assignment. This Agreement covers professional services of a specific and unique nature. Except as otherwise provided herein, Consultant shall not assign or transfer its interest in this Agreement or subcontract any services to be performed without amending this Agreement. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.
12. Change in Name, Ownership or Control. Consultant shall notify the Agreement Administrator, in writing, of any change in name, ownership or control of Consultant’s firm or subconsultant. Change of ownership or control of Consultant’s firm may require an amendment to the Agreement.
13. Key Personnel. City has relied upon the professional training and ability of Consultant to perform the Services hereunder as a material inducement to enter into this Agreement. Consultant shall provide properly skilled professional and technical personnel to perform all Services under this Agreement. In the event that City, in its sole discretion, at any time during the Agreement, desires the removal of any person or persons assigned by Consultant to perform Services pursuant to this Agreement, Consultant shall remove any such person immediately upon receiving notice from City.
14. Performance By Consultant. Consultant shall maintain or exceed the level of competency presently maintained by other similar practitioners in the State of California, for professional and technical soundness, accuracy and adequacy of all work, advice and material furnished under this Agreement.
15. Use of Materials.
A. City shall make available to Consultant such materials from its files as may be required by Consultant to perform Services under this Agreement. Such DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 5
materials shall remain the property of City while in Consultant’s possession. Upon termination of this Agreement and payment of outstanding invoices of Consultant, or completion of work under this Agreement, Consultant shall return to City any property of City in its possession and any calculations, notes, reports, electronic files, or other materials prepared by Consultant in the course of performance of this Agreement.
B. City may utilize any material prepared or work performed by Consultant pursuant to this Agreement, including computer software, in any manner, which City deems proper without additional compensation to Consultant. Consultant shall have no responsibility or liability for any revisions, changes, or corrections made by City, or any use or reuse pursuant to this paragraph unless Consultant accepts such responsibility in writing.
16. Nonuse of Intellectual Property of Third Parties. Consultant shall not use, disclose or copy any intellectual property of any third parties in connection with work carried out under this Agreement, except for intellectual property for which Consultant has a license. Consultant shall indemnify and hold City harmless against all claims raised against City based upon allegations that Consultant has wrongfully used intellectual property of others in performing work for City, or that City has wrongfully used intellectual property developed by Consultant pursuant to this Agreement.
17. Ownership of Work Product. All documents or other information created, developed, or received by Consultant shall, for purposes of copyright law, be deemed worked made for hire for City by Consultant and shall be the sole property of City.
Consultant shall provide City with copies of these items upon demand, and in any event, upon termination of this Agreement.
18. Confidentiality Clause. Consultant acknowledges that some of the material and information that may come into its possession or knowledge in connection with this Agreement or its performance may consist of information that is exempt from disclosure to the public or other unauthorized persons under either state or federal statutes ("Confidential Information"). Confidential Information includes, but is not limited to, names, addresses, Social Security numbers, e-mail addresses, telephone numbers, financial profiles, credit card information, driver's license numbers, medical data, law enforcement records, agency source code or object code, agency security data, or information identifiable to an individual that relates to any of these types of information.
Consultant agrees to hold Confidential Information in strictest confidence and not to make use of Confidential Information for any purpose other than the performance of this Agreement, to release it only to authorized employees or Sub-consultants requiring such information for the purposes of carrying out this Agreement, and not to release, divulge, publish, transfer, sell, disclose, or otherwise make the information known to any other party without City's express written consent or as provided by law. Consultant agrees to release such information or material only to employees or Sub-consultants who have signed a nondisclosure agreement, the terms of which have been previously approved by City. Consultant agrees to implement physical, electronic, and managerial safeguards to prevent unauthorized access to Confidential Information.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 6
"Personal information" including, but not limited to, "Protected Health Information" (PHI) under Health Insurance Portability And Accountability Act (HIPAA), individuals' names, addresses, phone numbers, birth dates, and social security numbers collected, used, or acquired in connection with this Agreement shall be protected against unauthorized use, disclosure, modification or loss.
HIPAA establishes national minimum standards for the use and disclosure of certain health information. The Consultant must comply with all HIPAA requirements and rules when determined applicable by the City. If City determines that (1) City is a "covered entity" under HIPAA, and that (2) Consultant will perform "business associate" services and activities covered under HIPAA, then at City's request, Consultant agrees to execute City's Agreement in compliance with HIPAA.
Consultant shall ensure its directors, officers, employees, Sub-consultants or agents use personal information solely for the purposes of accomplishing the services set forth herein. Consultant and its Sub-consultants agree not to release, divulge, publish, transfer, sell or otherwise make known to unauthorized persons personal information without the express written consent of the City or as otherwise required by law.
Any breach of this provision may result in termination of the Agreement and demand for return of all personal information. Moreover, Consultant will indemnify and hold the City harmless from and against all losses and damages resulting from any unauthorized or improper disclosure, dissemination or use of the information as a result, in whole or in part, of Consultant’s action or inaction.
19. Legal Requirements.
A. Consultant shall secure and maintain all licenses or permits required by law, including a City business license, and shall comply with all ordinances, laws, orders, rules, and regulations pertaining to the work.
B. Consultant warrants that it shall perform the Services required by this Agreement in compliance with all applicable Federal and California employment laws, including, but not limited to, those laws related to minimum hours and wages; occupational health and safety; fair employment and employment practices; workers’ compensation insurance and safety in employment; and all other Federal, State and local laws and ordinances applicable to the services required under this Agreement. Consultant shall indemnify and hold harmless City from and against all claims, demands, payments, suits, actions, proceedings, and judgments of every nature and description including attorneys’ fees and costs, presented, brought, or recovered against City for, or on account of any liability under any of the above-mentioned laws, which may be incurred by reason of Consultant’s performance under this Agreement.
C. Consultant covenants that thee shall be no discrimination based upon race, color, creed, religion, sex, marital status, age, handicap, national origin or DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 7
ancestry, or any other category forbidden by law in performance of this Agreement.
20. Conflict of Interest and Reporting.
A. Consultant shall at all times avoid conflicts of interest or the appearance of a conflict of interest in the performance of this Agreement. If required, Consultant shall comply with the City’s Conflict of Interest reporting requirements. Consultant understands that pursuant to Gardena Municipal Code sections 2.24.020H and
2.24.025G, it is forbidden to make any contribution to a candidate or committee of a candidate for a municipal office of the City, or to an officeholder, until the completion of Services to be performed under this Agreement.
B. Consultant and its representatives shall refrain from lobbying City of Gardena officials, employees and representatives for the duration of this Agreement.
21. Guarantee and Warranty. Consultant warrants to City that the material, analysis, data, programs and Services to be delivered or rendered hereunder will be of the kind and quality designated and will be performed by qualified personnel. Without waiver of City’s other rights or remedies, City may require Consultant to re-perform any of said Services, which were not performed in accordance with these standards. Consultant shall perform the remedial Services at its sole expense.
22. Insurance.
A. Commencement of Work. Consultant shall not commence work under this Agreement until it has obtained City approved insurance. Before beginning work hereunder, during the entire period of this Agreement, for any extensions hereto, and for periods after the end of this Agreement as may be indicated below, Consultant must have and maintain in place all of the insurance coverage required in this Section.
Consultant’s insurance shall comply with all items specified by this Agreement. Any subcontractors shall be subject to all of the requirements of this Section and Consultant shall be responsible to obtain evidence of insurance from each subcontractor and provide it to City before the subcontractor commences work. Alternatively, Consultant’s insurance may cover all subcontractors.
B. Insurance Company Requirements. All insurance policies used to satisfy the requirements imposed hereunder shall be issued by insurers admitted to do business in the State of California. Insurers shall have a current Best’s rating of not less than A-:VII, unless otherwise approved by City.
C. Coverage, Limits and Policy Requirements. Consultant shall maintain the types of coverage and limits indicated below:
1. Commercial General Liability Insurance - a policy for occurrence coverage for bodily injury, personal injury and property damage, including all coverage provided by and to the extent afforded by Insurance Services Office Form CG 2010 ed.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 8
10/93 or 11/85, with no special limitations affecting City. The limit for all coverage under this policy shall be no less than one million dollars ($1,000,000.00) per occurrence.
2. Commercial Auto Liability Insurance - a policy including all coverage provided by and to the extent afforded by Insurance Services Office form CA 0001, ed. 12/93, including Symbol 1 (any auto) with no special limitations affecting City.
The limit for bodily injury and property damage liability shall be no less than one million dollars ($1,000,000.00) per accident.
3. Policy Requirements. The policies set forth above shall comply with the following, as evidenced by the policies or endorsements to the policies:
a. The City, its appointed and elected officers, employees, agents and volunteers shall be added as additional insured to the policy.
b. The insurer shall agree to provide City with thirty (30) days prior written notice, return receipt requested, of any cancellation, non-renewal or material change in coverage.
c. For any claims with respect to the Services covered by this Agreement, Consultant’s insurance coverage shall be primary insurance as respects the City, its elected and appointed officers, employees, agents and volunteers. Any insurance or self-insurance maintained by the City, its elected and appointed officers, employees, agents and volunteers shall be excess of Consultant’s insurance and shall not contribute with it.
4. Worker’s Compensation and Employer’s Liability Insurance - a policy which meets all statutory benefit requirements of the Labor Code, or other applicable law, of the State of California. The minimum coverage limits for said insurance shall be no less than one million dollars per claim. The policy shall be issued by an insurance company which is admitted to do business in the State of California and shall contain a clause that the policy may not be canceled without thirty (30) days prior written notice, return receipt requested, is mailed to City.
5. Professional Errors & Omissions - a policy with minimum limits of one million dollars ($1,000,000.00) per claim and aggregate. This policy shall be issued by an insurance company which is admitted to do business in the State of California and shall contain a clause that the policy may not be canceled until thirty (30) days written notice, return receipt requested, is mailed to City.
D. Additional Requirements. The procuring of such required policies of insurance shall not be construed to limit Consultant’s liability hereunder or to fulfill the indemnification provisions and requirements of this Agreement. There shall be no recourse against City for payment of premiums or other amounts with respect thereto.
City shall notify Consultant in writing of changes in the insurance requirements. If Consultant does not deposit copies of acceptable insurance policies or endorsements DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 9
with City incorporating such changes within sixty (60) days of receipt of such notice, Consultant shall be deemed in default hereunder.
E. Deductibles. Any deductible or self-insured retention over $25,000 per occurrence must be declared to and approved by City. Any deductible exceeding an amount acceptable to City shall be subject to the following changes: either the insurer shall eliminate or reduce such deductibles or self-insured retentions with respect to City, its officers, employees, agents and volunteers (with additional premium, if any, to be paid by Consultant); or Consultant shall provide satisfactory financial guarantee for payment of losses and related investigations, claim administration and defense expenses.
F. Verification of Compliance. Consultant shall furnish City with original policies or certificates and endorsements effecting coverage required by this Agreement. The endorsements are to be signed by a person authorized by the insurer to bind coverage on its behalf. All endorsements are to be received and approved by City before work commences. Not less than fifteen (15) days prior to the expiration date of any policy of insurance required by this Agreement, Consultant shall deliver to City a binder or certificate of insurance with respect to each renewal policy, bearing a notation evidencing payment of the premium therefore, or accompanied by other proof of payment satisfactory to City. Consultant shall provide full copies of any requested policies to City within three (3) days of any such request by City.
G. Termination for Lack of Required Coverage. If Consultant, for any reason, fails to have in place, at all times during the term of this Agreement, including any extension hereto, all required insurance and coverage, City may immediately obtain such coverage at Consultant’s expense and/or terminate this Agreement.
23. Indemnity.
A. Consultant assumes all risk of injury to its employees, agents, and contractors, including loss or damage to property.
B. Consultant agrees to defend, indemnify, hold free and harmless the City, its elected officials, officers, agents, employees and volunteers, at Consultant’s sole expense, from and against any and all claims, actions, suits or other legal proceedings brought against the City, its elected officials, officers, agents, employees and volunteers arising out of the performance of the Consultant, its employees, and/or authorized subcontractors, of the work undertaken pursuant to this Agreement. The defense obligation provided for hereunder shall apply without any advance showing of negligence or wrongdoing by the Consultant, its employees, and/or authorized subcontractors, but shall be required whenever any claim, action, complaint, or suit asserts as its basis the negligence, errors, omissions or misconduct of the Consultant, its employees, and/or authorized subcontractors, and/or whenever any claim, action, complaint or suit asserts liability against the City, its elected officials, officers, agents, DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 10
employees and volunteers based upon the work performed by the Consultant, its employees, and/or authorized subcontractors under this Agreement, whether or not the Consultant, its employees, and/or authorized subcontractors are specifically named or otherwise asserted to be liable. Notwithstanding the foregoing, the Consultant shall not be liable for the defense or indemnification of the City for claims, actions, complaints or suits arising out of the sole negligence or willful misconduct of the City. This provision shall supersede and replace all other indemnity provisions contained either in the City’s specifications or Consultant’s Proposal, which shall be of no force and effect.
C. No official, employee, agent or volunteer of City shall be personally liable for any default or liability under this Agreement.
24. Independent Contractor. Consultant agrees to furnish consulting services in the capacity of an independent contractor and neither Consultant nor any of its employees shall be considered to be an employee or agent of City.
25. PERS Eligibility Indemnification. In the event that Consultant or any employee, agent, or subcontractor of Consultant providing Services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.
Notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary, Consultant and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for emplo yer contribution and/or employee contributions for PERS benefits.
26. Notices. Any notice or communication given under this Agreement shall be effective when deposited, postage prepaid, with the United States Postal Service and addressed to the contracting parties. Name, address, telephone and facsimile numbers of the parties are as follows:
City of Gardena:
1700 West 162nd Street
Gardena, California 90247-3732
Attn: Ray Beeman
Title: Director of Administrative Services
Email: ___________
Telephone: (___) ________
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 11
To Consultant: Name of Consultant
Street Address or P.O. Box
City, State Zip Code
Attn: ________________
Email: _______________
Telephone: (___) ________
Either party may change the information to which notice or communication is to be sent by providing advance written notice to the other party.
27. Severability. If any provision of this Agreement shall be held illegal, invalid, or unenforceable, in whole or in part, such provision shall be modified to the minimum extent necessary to make it legal, valid, and enforceable, and the legality, validity, and enforceability of the remaining provisions shall not be affected thereby.
28. Jurisdiction and Venue. This Agreement shall be deemed a contract under the laws of the State of California and for all purposes shall be interpreted in accordance with such laws. Both parties hereby agree and consent to the exclusive jurisdiction of the courts of the State of California and that the venue of any action brought hereunder shall be Los Angeles County, California.
29. Waiver. No delay or failure by either Party to exercise or enforce at any time any right or provision of this Agreement shall be considered a waiver thereof or of such Party’s right thereafter to exercise or enforce each and every right and provision of this Agreement. To be valid a waiver shall be in writing but need not be supported by consideration. No single waiver shall constitute a continuing or subsequent waiver.
30. Entire Agreement. This Agreement contains the entire understanding between City and Consultant. Any prior agreement, promises, negotiations or representations not expressly set forth herein are of no force or effect. Subsequent modifications to this Agreement shall be effective only if in writing and signed by both parties. This Agreement may be signed by the parties hereto in separate counterparts, including both counterparts that are executed on paper and counterparts that are in the form of electronic signatures. Electronic signatures include facsimile or email electronic signatures. Each executed counterpart shall be deemed an original. All counterparts, taken together, constitute the executed Agreement. If any term, condition or covenant of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions of this Agreement shall be valid and binding.
31. The parties hereby acknowledge and agree that electronic records and electronic signatures, as well as facsimile signatures, used in connection with the execution of this Agreement and electronic signatures, facsimile signatures or signatures transmitted by electronic mail in so-called pdf format shall be legal and binding and shall have the same full force and effect as if a paper original of this Agreement had been delivered and had been signed using a handwritten signature. City and Consultant (i) agree that an electronic signature, whether digital or encrypted, of a party to this Agreement is DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 12
intended to authenticate this writing and to have the same force and effect as a manual signature, (ii) intend to be bound by the signatures (whether original, faxed or electronic) on any document sent or delivered by facsimile or, electronic mail, or other electronic means, (iii) are aware that the other party will reply on such signatures, and (iv) hereby waive any defenses to the enforcement of the terms of this Agreement based on the foregoing forms of signature. If this Agreement has been executed by electronic signature, all parties executing this document are expressly consenting under the United States Federal Electronic Signatures in Global and National Commerce Act of 2000 ("E-SIGN") and California Uniform Electronic Transactions Act ("UETA")(Cal. Civ.
Code § 1633.1, et seq.), that a signature by fax, email or other electronic means shall constitute an Electronic Signature to an Electronic Record under both E-SIGN and UETA with respect to this specific transaction.
32. Joint Drafting. Each party acknowledges that it has had an adequate opportunity to review each and every provision in this Agreement and to submit the same to counsel and other consultants for review and comment and that the parties jointly drafted this Agreement. No provision of this Agreement or any Assignment shall be construed more strictly against one party than the other party by reason that one or the other party proposed, drafted or modified such provision or any other existing or proposed provision.
33. Governing Law. This Agreement shall be interpreted and construed according to the laws of the State of California. Any action commenced about this Agreement shall be filed in the appropriate branch of the Los Angeles County Municipal or Superior Court.
34. Public Records Act Disclosure. Consultant has been advised and is aware that this Agreement and all reports, documents, information and data, including, but not limited to, computer tapes, discs or files furnished or prepared by Consultant, or any of its subcontractors, pursuant to this Agreement and provided to City may be subject to public disclosure as required by the California Public Records Act (California Government Code section 6250 et seq.). Exceptions to public disclosure may be those documents or information that qualify as trade secrets, as that term is defined in the California Government Code section 6254.7, and of which Consultant informs City of such trade secret. The City will endeavor to maintain as confidential all information obtained by it that is designated as a trade secret. The City shall not, in any way, be liable or responsible for the disclosure of any trade secret including, without limitation, those records so marked if disclosure is deemed to be required by law or by order of the Court.
35. Authority to Execute. The persons executing this Agreement on behalf of the parties warrant that they are duly authorized to execute this Agreement.
36. Attorney’s Fees. In the event that legal action is necessary to enforce the provisions of this Agreement, or to declare the rights of the parties hereunder, the parties agree that the prevailing party in the legal action shall be entitled to recover DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Consultant Agreement with * Page 13
attorney’s fees and court costs from the opposing party.
37. Section Headings. The Section headings used in this Agreement are for reference purposes only and shall have no binding effect.
38. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original. All counterparts shall be construed together and shall constitute one agreement.
IN WITNESS WHEREOF, the parties have hereunto affixed their names as of the day and year written below.
“City” “Consultant”
City of Gardena Name of Consultant or Consultant Company By: _______________________ By: _______________________________ Tasha Cerda, Mayor Name and title of individual
Date: _______________ Date: __________________
By: _______________________________
Name and title of individual
Date: __________________
ATTEST:
Mina Semenza, City Clerk
APPROVED AS TO FORM:
Carmen Vasquez, City Attorney
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
CITY OF GARDENA
PROPOSAL FOR
PROFESSIONAL AUDITING SERVICES
March 13, 2024
Proposal Due Date: March 14,2024
Submitted By:
Ron Lopez, CPA, Managing Partner
Gruber and Lopez, Inc, CPAs
438 Old Newport Blvd
Newport Beach, CA 92663
Ph (949) 346-2900
r
[email protected]
EXHIBIT B
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
438 Old Newport Blvd – Newport Beach, CA 92663
Phone (949) 346-2900 –www.gruberlopezinc.com
March 13, 2024
City of Gardena
Attn: Ray Beeman, Director of Administrative Services
1700 West 162
nd Street
Gardena, CA 90247
Re: Professional Auditing Services
Dear Mr. Beeman:
Gruber and Lopez, Inc. is pleased to submit our proposal to pro vide local government independent audit services in re sponse to your Request for Prop osal (RFP). We understand the work that needs to be performed a nd are committed to complete t he projects in the desired time frame indicated in the RFP. Gruber and Lopez, Inc. is a licensed Certified Public Accounting and Consulting firm with offices based in Newport Beach, California . For numerous years, the firm has specialized in providing accounting, auditing, tax and busi ness consulting services to a wide variety of industries including local government, government grants, and non-profits. Gruber and Lopez, Inc. has the necessary experience to perform the local g overnment auditing services described in your RFP. We have read the RFP and take no exception to it.
We are aware that the City of Gardena (City) has solicited a nu mber of proposals, however, Gruber and Lopez, Inc. would be your best selection for the following reasons which are set forth in greater detail in our proposal:
Extensive knowledge of the project is due to the significant experience of the engagement team, who has performed hundreds of governmental financial stat ement audits that contain significantly large fede ral and state grants. Gruber an d Lopez, Inc. has a proven track record in serving the State of California, California cit ies and counties, redevelopment agencies (successor agencies), special districts and authorities. Mr. Lopez was also one of the first auditors to implement GASB 34 (City of Indian Wells 1999).
Mr. Lopez and Mr. Lenton have vast experience in Uniform Grant Guidance single audits (including Covid 19-Relief Grants). In 2005, they were both sel ected to serve as lead auditors in the 2005 National Sing le Audit Project of which the U.S. Department of Education, on behalf of all federal agencies, selected them and their firm to perform quality control reviews of othe r C.P.A. firm audits conducted u nder OMB Circular A- 133.
Mr. Lopez and Mr. Lenton have previously performed the annual a udits of the following cities: Cities of Bell Gardens, La Habra Heights, Los Alamitos, Hawaiian Gardens, Villa Park, Lomita, Laguna Woods, East vale, Inglewood, Hermosa Beach, Burbank, Indio, Indian Wells, Rancho Santa Margarita, Carlsbad, Rancho Mirage, Carson, Santa Monica, Stanton and more. A complete listing of experience with Califor nia local governments is identified within our resume section.
Gruber and Lopez, Inc. has also performed 92 special district a udits on behalf of the County of San Bernardino.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
City of Gardena
Attn: Ray Beeman, Director of Administrative Services
March 13, 2024
Page Two
Mrs. Danaher (Engagement Director/ Manager) has 25 years of experience in government accounting and auditing, and before coming aboard in January of 2017 and was the Finance Director for the City of Villa Park for 10 years. Hence , Mrs. Danaher brings a unique audit approach as she understands the wants and demands of Finance and can recommend ways to create efficiency.
Gruber and Lopez, Inc. also has performed hundreds of program s pecific compliance audits (including federal and non- federally funded service prov iders) on behalf of the County of Orange and was awarded the contract again in 2022.
All of our local government clients we audit have annually obtained the GFOA award for excellence in financial reporting.
Gruber and Lopez, Inc. adheres to the strict quality control me asures and high professional standards of the American Institute of Certified P ublic Accountants (AICPA) and California State Boar d of Accountancy and have alwa ys been in good standing.
Since our inception, we have always received an unmodified opin ion in our Quality Control Peer Reviews under Government Auditing Standards and ERISA.
Gruber and Lopez, Inc. understand the scope of services to be p rovided to the City and we are committed to performing the work in accordance with the schedule and timing required by the City.
We acknowledge any and all addenda to the RFP.
Gruber and Lopez, Inc. has no conflict of interest with regard t o a n y o f t h e w o r k performed by our firm for the City.
We are honored to submit our proposal to you. We hope it convey s our sincere desire to provide outstanding services to your organization in the timeframe indicated in your RFP. If you find our proposal acceptable, please notify us and we will be prepared t o commence work as soon as we receive the signed contract. Pl ease do not hesitate to call my office if you have any questions about the scope of our proposed s ervices or if we can provide y ou with any additional information about our firm. I am a partner with Gruber and Lope z, Inc. and am authorized to bind the firm in contractual matte rs. I can be reached at the p hone number below or by e-mail at [email protected]. Our proposal and fee schedule shall remain valid for 120 days following the proposal due date and will become part of the con tract that is negotiated with the City.
Very truly yours,
GRUBER AND LOPEZ, INC.
Ron Lopez, C.P.A., Managing Partner (President)
(949) 346-2900 x 1
http://www.gruberlopezinc.com/
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
TABLE OF CONTENTS
Cover Letter
1. Firm Qualifications and Experience ......................... ........................................ 1 a. Company Profile ...................................................................................... 1 b. Project Goals ............................................................................................ 3 c. Core Requirements and Deliverables ........................ ............................... 3 d. Independence .............................................. ............................................. 3 e. License to Practice in California .............................................................. 3 f. Evidence of Insurance Coverage ............................ ................................. 3
2. Partner, Supervisory, and Staff Qualifications ................................................. 4
3. Similar Engagements with Other Government Entities .................................... 7 a. Extended Education ................................................................................. 7 b. Net Value Philosophy .............................................................................. 7 c. Experience Factor .................................................................................... 7 d. Time is of the Essence ............................................................................. 7 e. Partner Involvement ....................................... .......................................... 7 f. Similar Engagements and References ...................................................... 8
4. Specific Audit Approach..................................... .............................................. 10
5. Closing Statement ............................................................................................. 14 Attachment A: Engagement Team Resumes
Attachment B: Quality Control Peer Review Report
Form A: Proposal Submission Checklist
Form B: Transmittal Letter Form
Fo
rm C: Business Questionnaire
Form D: Addendum Acknowledgement
Form E: Client Refence List
Form F: Designation of Subcontractors
Form G: Affidavit of Non-Collusion
Form H: Conflicts of I
nterest Statement
Form I: Equal Employment Opportunity Certification
Form J: Durg-Free Workplace Certification
Exhibit A & B: Cost Proposal
Exhibit C: Engagement Team R
esumes
Exhibit D: Quality Control Peer Review Report
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 1 CITY OF GARDENA
REQUEST FOR PROPOSAL
1. FIRM QUALIFICATIONS AND EXPERIENCE
a. Company Profile
Below is a listing of the sp ecified information of our firm:
Company Name: G r u b e r a n d L o p e z , I n c .
Company Type : S - Corporation
Business and mailing address: 438 Old Newport Blvd
N e w p o r t B each, CA 92663
Telephone and fax number: (949)346-2900 phone (714)901-0024 fax
Website address: www.gruberlopezinc.com
Federal Tax I.D. no.: 27-1110267
I n c o r p o r a t i o n : I n c o r p o r a t e d i n t h e S t a t e o f C a l i f o r n i a
Regular business hours: M onday through Friday, 8am to 5pm
Contact’s name in refe rence to bid: Ron Lopez
Contact’s number: (949)346-2900 phone; (949)322-0092 cell
Contact’s email address: [email protected]
Length of firm existence: 13 years
GRUBER AND LOPEZ, INC. www.gruberlopezinc.com is a local accounting and consulting firm that specializes in providing high quality acco unting, auditing, tax and consulting services and is licensed in the state of California a s a C P A f i r m . G R U B E R AND LOPEZ, INC. is highly regarded for its expertise in several industries (including the government sector). We have been recognized for our profess ionalism and expertise, but what is more important is the fact that our clientele has b een earned strictly through referral. We are convinced that our recent growth attests to th e recognition of the quality and timeliness of our services. In addition, our firm has been presented unqualified clean opinions in our initial and all subsequent peer reviews.
Bankers, attorneys, clients, sureties, insurance companies, and other financial institutions have acknowledged our expertise. What makes us most unique, how ever, is our drive to succeed without compromising professional standards and without unnecessary fees.
Our philosophy of service is to pr ovide timely professional service and to bear in mind at all times that the value of our service must outweigh the cost. We plan proactively and always weigh the merit of our planning versus the cost of the p lanning. We put our client’s interest above ours. We believe in timeliness and will do whatever it takes to achieve your satisfaction. We will always provide you with adequate time to review audit reports.
GRUBER AND LOPEZ, INC. adheres to the strict quality control me asures and high professional standards of the American Institute of Certified P ublic Accountants (AICPA), and the California State Board of Accountancy (as well as other states when applicable).
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 2 1. FIRM QUALIFICATIONS AND EXPERIENCE (Continued)
As a member of the AICPA our audit procedures and working paper s are regularly examined by another CPA firm in the firm-on-firm peer review program. In addition, all aspects of the firm’s quality control practices have been revie wed, including the firm’s commitment to extensive traini ng programs. In every member fir m, each member of the professional staff must enroll in continuous professional educa tion courses. Each is required to take at least 80 hour s of classes over a two-year p eriod (24 of which relate to Government Audit and Accounting). Courses cover a wide spectru m of professional and technical subjects, and include Fraud Auditing, Professional Et hics and Governmental Accounting and Auditing topics to help the practitioner maintai n his/her professional expertise. Included as Attachme nt to this proposal is a copy of GRUBER AND LOPEZ, INC.’s Quality Control Review which was recently completed in M ay 2023 for the year ended December 31, 2022 and we r eceived a clean (unqualified) o pinion under Government Auditing Standards and ERISA. In all instances of Pe er Review GRUBER AND LOPEZ, INC. has never had a record of substandard audit work.
GRUBER AND LOPEZ, INC. presently has 10 full time employees of which 9 are professionals who have multidisc iplinary backgrounds to address the services outlined in this RFP as follows:
Labor
Category
Number of
Personnel
Years’
Experience
Degrees and
Certifications
Relevant
Project
Experience
Partners &
Directors
3 15-20 BA, CPA Government, Commercial, Single Audit, Non- profit Auditing & Consulting, Tax & Litigation
Services
Managers
4 10-15 BA, BS,CPA Government, Commercial, Single Audit, Non- profit Auditing & Consulting, Tax & Litigation
Services
Seniors 2 5-9 BA, BS Government , Commercial, Single Audit, Non- profit Auditing & Consulting
GRUBER AND LOPEZ, INC. has a long history of efficiently staffing its accounting and consulting projects and bringing t he projects in on time and on budget. We employ a detailed project management approach whereby each project is ca refully planned by program area. Budgets are prepare d and monitored daily to compa re budgeted time against actual; variances from budgets are analyzed and explain ed, and weekly status reports are prepared to ensure that the project is on schedule and within budget.
Gruber and Lopez, Inc. has assembled an engagement team that ha s the core competencies in all areas identified in City’s RFP. Our team ha s been drawn from experienced professionals based in Gruber and Lopez, Inc.’ sout hern California practice office.
The professionals who will service the City have the experience and ability to provide a level of service second to none. They are sensitive to the conc erns and characteristics of operations such as yours. Our expe rience in government audits w ill allow us to “hit the ground running”. We will perform our services in a smooth, effi cient and effective manner, which will prove to be of minimal disruption to client operations. We understand the importance of continuity of key personnel throughout the engagement and have had a very low history of turnover.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 3 1. FIRM QUALIFICATIONS AND EXPERIENCE (Continued)
b. Project Goals
Gruber and Lopez, Inc., Inc. understands that the City of Gard ena (City) is requesting an audit of the City’s Financial Statements in accordance with Generally Accepted Government Auditing Standards (GAGAS) and Government Auditing Standards issued by the Comptroller General of the United States for the year ended June 30, 2024 through 2028.
c. Core Requirements and Deliverables
We will review, edit, print, and bind the following City report s : ( 1 ) A n n u a l Comprehensive Financial Report (ACFR); (2) Single Audit Report in accordance with Uniform Grant Guidance (formally OMB Circular A-133); (3) Annual GTrans Enterprise Fund Financial Report; (4) Agreed-upon Procedures Review of the GANN Appropriations Limit; (5) SAS 114 Communication Letter; and (6) GAS /SAS 115 Internal Controls Letter.
d. Independence
Gruber and Lopez, Inc. is independent of the City of Gardena and its component units as defined by generally accepted auditing standards and Government Auditing Standards. Gruber and Lopez, Inc. does not utilize sub-contractors and has no relationship that would constitute a conflict of interest with the City or its component units.
e. License to Practice in California
Gruber and Lopez, Inc. and all assigned key professional staff are properly licensed to practice in California. Gruber and Lopez, Inc. has never had an y federal or state desk reviews or field reviews of its audits. Gruber and Lopez, Inc. a l s o n e v e r h a d a n y disciplinary action taken or pending with state regulatory bodi es or professional organizations in its history. Gr uber and Lopez, Inc. has compli ed with all applicable California Board of Accountancy r equirements; our proposal is i n strict compliance with said RFP including its terms and conditions.
f. Evidence of Insurance Coverage
Gruber and Lopez, Inc. possesses the required insurance coverag e (which will be provided upon acceptance of award) including:
1. Commercial General Liability
2. Worker’s Compensation
3. Employer’s Liability
4. Professional Liability
3. Auto Liability
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 4 2. P ARTNER, SUPERVISORY, AND STAFF QUALIFICATION
The following summarizes our propos ed project organization stru cture, which includes personnel from Gruber and Lopez, Inc..
Gruber and Lopez, Inc. has identified the Engagement Partner an d Project Leads as “Key” personnel. We understand the importance of continuity of key personnel throughout the engagement.
Engagement Partner – (KEY) The Engagement Partners are responsible for the overal l completion and quality of project objectives and deliverables. The Engagement Partner identifies and coordinates the engagement using our resources t o meet project objectives and interfaces with the City and client personnel to ensure the ir satisfaction at all points throughout the engagement. The Engagement Partners are availabl e to other team members throughout the life cycl e of the engagement and typical ly is involved in status meetings and deliverable presentations.
Project Leads – ( K E Y ) T h e P r o j e c t L e a d s a r e o u r day-to-day project managers responsible for all tasks and deliverables in the execution of the project plan in their respective functional areas. They interface with the City and c lient’s staff and project personnel on a daily basis in executing and achieving project o bjectives. The Project Leads are responsible for the planning, execution, and completi on of all tasks associated with the project. This will include performing individual tasks and activities as well as supervising those tasks of assigned professional staff.
Seniors – Seniors are assigned to the project tasks as needed to perfor m and execute individual audit and review tasks and supervise the work of the Staff. Gruber and Lopez, Inc. may assign one or more Seniors throughout the life cycle o f the project to complete required project tasks. Seniors are assigned based upon the tas k/project needs and skill sets required. These individuals possess a bachelor or graduate degree and have or in the process of obtaining professional certifications (CPA).
Staff – Staff are assigned to the project, as needed to aid in performance and execution of defined tasks. They are responsible for task execution and are directed and supervised by the Management and Seniors. Sta ff are assigned based upon the t ask/project needs and skill sets required. These individuals possess a minimum bachelors’ degree in accounting, business or related field and are in the process of obtaining a professional designation.
Gruber and Lopez, Inc. has assembled an engagement team that ha s the core competencies in all areas identified in City’s RFP. Our team ha s been drawn from experienced professionals based in Gruber and Lopez, Inc.’ sout hern California practice office.
The professionals who will service the City have the experience and ability to provide a level of service second to none. They are sensitive to the conc erns and characteristics of operations such as yours. Our expe rience in government audits w ill allow us to “hit the ground running”. We will perform our services in a smooth, effi cient and effective manner, which will prove to be of minimal disruption to client operations. We understand the importance of continuity o f key personnel throughout the en gagement and have had a very low history of turnover. These individuals will be dedicated and committed to the project for its duration:
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 5 2. P ARTNER, SUPERVISORY, AND STAFF QUALIFICATION (Continued)
Engagement Audit Partner – Ron Lopez, CPA
Mr. Ron Lopez is a CPA and graduated with a Bachelor of Arts de gree in Business Administration with an emphasis in Accounting from California S tate University of Fullerton. He has over 26 years of audit experience (including numerous years with a national firm) in accounting and auditing with comprehensive kn owledge in all accounting principles, concepts a nd standards including FASB, G ASB, SAS, GAS, and GAAS. He will plan and coordinate the engagement, prepare workp apers, and conduct reviews of all workpapers prepared by the professional staff as signed to this engagement.
He will discuss with client management the auditing and complia nce issues that arise during the course of the audit. Mr. Lopez has significant exper ience in performing financial and compliance audits of local governments, includin g redevelopment agencies, housing authorities, special districts, single audits (including audits of Covid - 19 Relief grant funds), and other federal and state government grants.
In 2005, he was selected to serve as engagement manager in the 2005 National Single Audit Project of which the U.S. Department of Education, on beh alf of all federal agencies, selected him to perform quality control reviews of ot her C.P.A. firm audits conducted under OMB Circular A-133.
In 2012, Mr. Lopez as part of Gruber and Lopez, Inc. entered in to a 5 year contract with the County of San Bernardino to audit 92 special districts annu ally. Mr. Lopez was also one of the first auditors to implement GASB 34 (City of Indian Wells 1999).
Mr. Lopez also has performed hundreds of program specific compliance audits (including federal and non-federally funded service providers) on behalf o f the County of Orange and was awarded the contract again in 2024.
Engagement Director/Manager and Project Lead – Matthew Lenton, CPA
Mr. Lenton is the Director of A udit and Accounting and has over 22 years of prior experience including several with a national firm where he was a Shareholder. He has performed numerous financial statement, compliance, operational and performance audits of municipalities (inc luding tribal governments and special dis tricts), transit agencies, government grants (including sing le audits), other contracts an d cooperative agreements, not-for-profit organizations, and ERISA (401k & 403b) plans.
Mr. Lenton has comprehensive knowledge in all accounting princi ples, concepts and standards including GASB, FASB, SAS, GAS, GAAS and more. He has reviewed and evaluated entity’s accounting policies, regulatory laws, intern al controls and financial management systems and suggested areas of improvements in formal letters to clients and grantors. Documented matters pertaining to each phase of the ri sk assessment process for all cycles (i.e. payroll, cash receipts, cash disbursements, ca sh and investment reconciliation including wire tr ansfers, journal entry preparat ion, and IT) that clearly demonstrated procedures performed, results, evidence obtained and conclusions reached.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 6 2. P ARTNER, SUPERVISORY, AND STAFF QUALIFICATION (Continued)
Engagement Director/Manager and Project Lead – Matthew Lenton, CPA (Continued)
Mr. Lenton will assist Mr. Lopez in planning and coordinating t he engagement, prepare workpapers, and conduct reviews o f all workpapers prepared by t he professional staff assigned to this engagement. Local governments (and other relev ant entities) audited by Mr. Lenton include the City’s of
Newport Beach; Bell Gardens, Villa Park, Highland, Rancho Santa Margarita; Indian Wells; Inglewood; Rancho Mirage; Stanto n, Compton; National City; Lomita; Beverly Hills; Villa Park; Housing Authority of the City of Los Angeles; Fresno Housing Authority; Lake Arrowhead Community Services District; County o f San Bernardino Special Districts, South Montebello Irrigation District; and more.
Engagement Director/Manager – Michelle Danaher
Mrs. Michelle Danaher has over 25 years of accounting and audit experience (including numerous years with a national firm) as well as previously serv ing as Finance Director for the City of Villa Park for 10 years. Mrs. Danaher has comprehensive knowledge in all accounting principles, concepts a nd standards including FASB, G ASB, SAS, GAS, and GAAS. She will help Mr. Lenton plan and coordinate the engageme nt, prepare workpapers and conduct reviews of all workpapers prepared by th e professional staff assigned to this engagement. Mrs. Danaher has significant exper ience in performing financial and compliance audits of local government and governm ent contracts. Local governments audited by Mrs. Danaher include City of Costa Mesa, City of Carlsbad, City of Palm Springs, City of San Be rnardino, Orange County Water Di strict, Big Bear Area Waste Water Authority, and more.
Engagement Senior – Chris Haro, CPA
Mr. Chris Haro is a CPA and has over 20 years of audit experien ce (including numerous years with a national firm) in accounting and auditing with com prehensive knowledge in all accounting principles, concepts and standards including FAS B, GASB, SAS, GAS, and GAAS. He will help Mr. Lenton plan and coordinate the engag ement, prepare workpapers and conduct reviews of all workpapers prepared by th e professional staff assigned to this engagement. Mr. Haro has significant experience in performing financial and compliance audits of local government and government contra cts. Local governments audited by Mr. Haro include City of San Carlos, Cit y of Solana Beach, City of Palm Springs, City of Indio, City of San Bernardino, City of Cathedral City, Big Bear Community Services District, Bi g Bear Area Waste Water Authorit y, Orange County Social Security Administration, San Diego Port Authority, and more.
Detailed resumes of the engagement team are included in Attachment to this proposal.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 7 3. S IMILAR ENGAGEMENTS WITH OTHER GOVERNMENT ENTITIES
a. Extended Education
GRUBER AND LOPEZ, INC. also belie ves in extended education. Rec ent relevant courses taken by our firm’s attest division include the following: Annual Government GAAP Update-3/2023; Federal Singl e Audit Update-1/2023; Governm ent and Nonprofit Update -1/2023; Audits of State and Local Governments -2/2023; GFOA’s Government Accounting Standards Board Update-11/2023; and Econo mic Update- 12/2023, and more.
b. Net Value Philosophy
Our net value philosophy is simple. A CPA firm should, over tim e, increase a client’s efficiency through informed business advice. To avoid tunnel vision syndrome, we operate with the intent of providing a net value t o our clients in the form of recommendations and advice that may result in strengthe ning net assets for our clients.
c. The Experience Factor
There is no substitute for experience. Therefore, we generally do not assign new staff members to work on clients in the field. Rather, a new staff member is assigned to an experienced CPA, who will be responsible for proper training wi thout placing a burden on our clients. In this re spect, our training is more of a s t r u c t u r e d apprenticeship. Our partners have a personal commitment to prov iding excellent client service. Such service requires “hands on” director invol vement with each and every client. There is no increase in cost to our clients for t his additional experience, only an increase in benefits. We believe that when you add cont inuity to this experience factor, you achieve a superior level of client servi ce in all respects. The manner in which our work product is produced places far less bu rden on your accounting personnel. More important ly, it ensures that we are in a position for our most experienced individuals to thoroughly understand your organization.
d. Time is of the Essence
We are all too familiar with the d elays that can result in fina ncial statements being completed untimely. We enforce a policy whereby an extremely efficient turn- around is promised for all auditing and accounting services. We clear ly understand that the value of our services diminishes with each and every delay.
e. Partner Involvement
Our partners spend substantially more time on each client than “Big Four” or national firm directors. You w ill see your engagement partners frequently during the year for meetings and planning sessions. The bottom line is tha t more partner involvement means better service to you. This is our firm-wide and personal commitment to you. Gruber and Lopez, Inc. has a long history of efficiently staffing its accounting and consulting projects and bringing the project s in on time and on budget. We employ a detailed project management approach whereb y each project is carefully planned by program area. Budgets are prepared and mon itored daily to compare budgeted time against act ual; variances from budgets ar e analyzed and explained, and weekly status repor ts are prepared to ensure tha t the project is on schedule and within budget.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 8 3. S IMILAR ENGAGEMENTS WITH OTHER GOVERNMENT ENTITIES (Continued)
f. Similar Engagements and References
Recent relevant local government audit, accounting, and/ or fed eral grant experience and references p e r f o r m e d b y M r . R o n L o p e z , M r . M a t t h e w L e n t o n and other members of the engagement team are as follows:
City in GFOA/
TOT,
Refuse, OMB Uniform Preparation o f
Govt.
Accordance CSMFO Cable Single SCR / Street Auditing
With GASB 34 Award Audits Audit Report Standards
Contractual engagements performed under Gruber and Lopez, Inc.:
Lomita x xx x
Los Alamitos x x
La Habra
Heights x
xx
x
Bell Gardens x x x x
Villa Park x
Hawaiian
Gardens x
x
x
Eastvale x x
Hermosa Beach x x x
Stanton x x x x
County of San
Bernardino-
Special
Districts*
x x
County of
Orange x x
Contractual engagements performed and lead by Gruber and Lopez, Inc. staff at previous firms:
Aliso Viejo x x x
Carlsbad x x x
Carson x x x
Escondido x x x
Fountain Valley x x x
Goleta x x x x
Hemet x x x x
Highland x x x
Indian Wells x x x
Inglewood x x x x
Lomita x xx x
National City x x x
Newport Beach x x x
Rancho Mirage x x x
Rancho Santa
Margarita x
x
x
Santa Monica x x x
Solana Beach x x x x
*5 year contract entered into in 2012 with County of San Bernardino consists of 92 annual audits of special districts. These audits were performed from 2012-2016.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 9 3. S IMILAR ENGAGEMENTS WITH OTHER GOVERNMENT ENTITIES (Continued) City of Bell Gardens
GASB 34 Financial Statement and Compliance Audit of City (inclu ding Measure M, AQMD, and Gas Tax funds), and Single Audit in accordance with O MB UGG requirements.
Manuel Carrillo, Director of Fin ance and Administrative Services (562) 806-7707
[email protected]
City of La Habra Heights
GASB 34 Financial Statement and Compliance Audit of City (inclu ding AQMD, Measure R, Proposition A and C, and Gas Tax funds).
Angie Martinez, Finance Manager
(562) 694-6302
[email protected]
City of Hawaiian Gardens
GASB 34 Financial Statements and Compliance Audit of City (incl uding Successor Agency Private-Purpose Trust Fund, and Gas Tax funds), and Sing le Audit in accordance with OMB UGG requirements.
Linda Hollinsworth, Finance Director
(562) 420-2641 Ex 236
[email protected]
City of Stanton
GASB 34 Financial Statements and Compliance Audit of City (incl uding Successor Agency Private-Purpose Trust Fund, and Gas Tax funds), and Sing le Audit in accordance with OMB UGG requirements.
Michelle Bannigan, Finance Director
7800 Katella Ave.
Stanton, CA 90680
(714) 890-4226
[email protected]
City of Hermosa Beach
GASB 34 Financial Statements and Compliance Audit of City (including Measure M, AQMD, and Gas Tax funds).
Viki Copeland, Finance Director
1315 Valley Drive
Hermosa Beach, CA 90254
(310) 318-0225
[email protected]
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 10 4. SPECIFIC AUDIT APPROACH
Gruber and Lopez, Inc. is very familiar with loc al government f inancial statement and government grant compliance aud its and has specific relevant ex perience to similar challenges and undertakings. The firms’ relevant experience is listed under Section 4 below. To maximize the benefit to the City as a result of this engagement, Gruber and Lopez, Inc. proposes to utilize our structured business process methodology, experience, and knowledge in executing this e ngagement. Our approach places great emphasis on using only proven and experienced auditors and consultants to p e r f o r m t h e s e r v i c e s required by the City. The following is a summary of the approach to the different types of tasks that may be assigned under this RFP and expected deliverables and work products.
On a date desired by management in April or May 2024, audit pro cedures that will be accomplished during the planning stage include the following:
Entrance conference with the Fin ance Manager and other key City personnel to:
review project and task objectives ; review scope of services an d data collection methodology; discuss documentation needed; collect available da ta and published materials; establish meeting and presentation schedule; discuss dates for interim and final fieldwork and coordinate and establish communication chan nels in accordance with SAS 114.
Prepare a list of items needed (our workpapers are in electroni c form, so electronic files for schedules and documents requested will be preferred b ut not required). Our request of items to be provided will conform to what the City has previously provided to its existing Auditor. Should we need additional information, we will work with City staff to minimize any additional work load to the City. E ach associate is assigned a lap top for fieldwork and we use primarily Microsoft Word and Excel for our audit engagements. We will also establish materiality level s for the government- wide and fund financial statements.
Thoroughly review all relevant doc uments and agreements (debt i ssues, leases, significant contracts, joint pow er agreements etc.) and prepare an audit plan that will include an audit program, audit pr ocedures, and timeline for al l audits. Levels of materiality will also be developed.
Planning will continue throughout t he audit and be constantly u pdated as issues and scope may change as the audit proceeds.
On a date desired by management in April or May 2024, audit pro cedures that will be accomplished during our interim fieldwork include the following:
We will provide instructions for mailing out letters to confirm bank balances for cash and investments, attorneys, debt, material receivables, OPEB, P ERS and risk management insurance.
We will review internal controls of the main cycles (cash recei pts, cash disbursements/ procurement, payr oll, capital assets, IT, and tr easury management) and assess controls risk in accordance with the risk auditing s tandards (SAS 103 to 111) and fraud risk standards (SAS 99). We will identify areas of potential concern to City management.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 11 4. SPECIFIC AUDIT APPROACH (Continued)
Perform testing of controls where reliance can be placed. In c onducting our tests of controls we will use the GAS Audit Sampling Guide parameters.
Reviewing of minutes of the City Council meeting minutes.
Test a sample of journal entries to ensure reasonableness.
Perform preliminary analytical rev iews on balance sheet and inc ome statement and investigate significant variances.
We will perform a test of disbursement transactions to ensure that:
o City has properly spent funds in accordance with various restri cted funds and federal and state grant programs,
o City procurement policies are being followed.
Test salary expense by performin g payroll test of transactions, review and test city manager contract, and interviewing employees.
Compliance testing of City budgetary policies.
On a date desired by management in September 2024 (after the fi nal closing of the books and preparation of final trial b alances by City personnel for t he year ended June 30), we will commence performing our final fieldwork which will include:
Confirm cash and investment balances and test bank reconciliati ons. Also ensure the proper recording in accordance with GASB 31 Fair Value Reporting for Investments and GASB 40 Deposit and Investment Risk Disclosures.
Test capital assets and accumulated depreciation to ensure they are fairly stated and in accordance with generally accepted accounting principles, and t hat streets and roads network are properly using the modified approach in accordance with GASB 34.
Testing of allocations of interest income to the various funds.
Examination of support and subsequent receipt of significant receivable balances.
Search for unrecorded liabilities.
Testing of long term debt balances and debt without government commitment.
Consideration of support and prope r valuation of the liabilitie s for compensated absences and claims and judgments.
Testing of support for other significant assets and liabilities of the City.
Testing for the proper establishment of non-spendable, restrict ed and assigned fund balances in accordance with GASB 54.
Review of significant events after year end (through the completion of our audit).
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 12 4. SPECIFIC AUDIT APPROACH (Continued)
Review of attorney letters for significant legal matters affect ing the City’s financial position.
Perform other substantive procedures on other significant revenues and expenditures.
Ensure operating leases are properly recorded and classified.
Perform final analytical reviews on balance sheet and income st atement and investigate significant variances.
Test pension plan and other post employment benefits to determi ne accordance with GASB 68 and 45, respectively.
Test interfund balances and transfers.
Test of joint ventures and developer agreements, if any.
Determination of major and non-major funds for financial reporting purposes.
In September 2024, procedures that will be accomplished during the report preparation/review stage include the following:
Single Audit Report (if needed), GAS or SAS 115 Internal Contro ls letter, and SAS 114 Communications letter in draft form will be developed and p resented to City management for review. A schedule of adjusting journal entries will also be provided, if any. We will review the City’s draft of the CAFR and make a nd edits as agreed to be the Director of Admin Services.
After City approval of all reports, we will print, bind and mail final copies of report to the City.
Should the City meet the Single Audit criteria for expenditures of federal funding during the fiscal year, we would perform the following procedures in p erforming the Single Audit during both the interim and final stages of the audit:
The following relevant federal and AICPA publications will be addressed:
o The OMB Title II-Uniform Grant Guidance for grants issued after 12/26/14.
o GAO Government Auditing Standards (Yellow Book)- 2018 Revision
o AICPA Audit and Accounting Guide Audits of State and Local Government Units (1994 revision) and Statement of Position 98-3, Audits of States, Local Governments, and Not-for-Profit Organizations Receiving Federal Awards
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 13 4. SPECIFIC AUDIT APPROACH (Continued)
o SAS No. 74, Compliance Auditing Considerations in Audits of Governmental Entities and Other Recipients of Federal Financial Assistance
o Most current Compliance Supplement for Single Audits of State and Local Governments
o Catalog of Domestic Assistance Programs
Identify the federal programs administered by the City and the amounts expended during the audit period.
Apply the risk-based auditing approach mandated by the OMB Uniform Grant Guidance or Single Audit Act Amendments of 1996 (Public Law 104-156) and OMB Circular A-133 entitled Audits of States, Local Governments, and Non-Profits Organizations for the determination of major programs to be selected under the single audit process. As prescribed by the directives of the new sing le audit requirements, this will involve a consideration of the complexity of the prog ram, prior audit findings, changes in personnel, the competency of personnel, th e extent to which sub- recipients are used, the extent of overview and monitoring by g ranting agencies, the extent of recent changes in program requirements, the newness o f the program, the size of the program, and the inherent risk of the program.
Identify the oversight audit agency, if any.
Identify and list the major compliance supplements and subrecipients of the City, if any.
Review the administrative control systems to ensure compliance.
Execute the sampling plan.
Perform audit procedures for the selected transactions.
Test compliance with other material compliance requirements.
Test matching requirements, if any.
Test indirect costs, if any.
Review reports and claims for advances and reimbursements to the federal government.
Review processing of audit reports for state and local government subrecipients, if any.
Prepare the independent auditors’ reports required by OMB.
Prepare the data collection form required to be filed with the Single Audit Central Clearinghouse.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 14 5. C LOSING STATEMENT
Evolution in the financial ser vices industry has been ponderously slow relative to the rest of the business sector. Many firm s operate in the year 2024 wit h the same fundamental organization structure and approa ch to client service that they employed during the 1970’s. However, the world is now a vastly different place. In today’s business environment of high-speed telec ommunications and information pr ocessing, a large bureaucratic structure can often bring client service to a grinding halt.
In response to this problem, we have created an accounting firm specifically designed and organized to serve a wide variety of companies. We provide the quality and depth traditionally associated with “Big Four” firms, while at the sa me time providing the security of attention and stability that is the hallmark of the local firm.
Every aspect of our practice is organized to respond to a cha nging environment and to prevent the “chains of bureaucracy” from inhibiting individual excellence and client service. For instance, our partners spend substantially more time on each client than “Big Four” or national firm directo rs. You will see your engagement partners almost daily during audit fieldwork. The botto m line is that more partner in volvement means better service to you. This is our firm-wide and personal commitment to you.
Our net value philosophy is simple. A CPA firm should, over t ime, increase a client’s efficiency and improve internal controls through informed busin ess advice. To avoid tunnel vision syndrome, we operate with the intent of providing a net value to our clients in the form of recommendations and advice that may result in strengthening net assets for our clients.
In conclusion, we offer virtu ally all the services associated with the larger national firms but we provide these services on a personalized one-on-one basi s and without unnecessary red tape or overhead. We are here to serve your needs.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
25 EXHIBIT C
FORM A
PROPOSAL SUBMISSION CHECKLIST
This checklist shall be completed and returned with your propos al. Failure to return this checklist and the required documents may be cause for considering the proposal non-responsive.
DESCRIPTION
REQUIRED FORMS
REFERENCE
LETTER
PROPOSER’S
INITIALS
1. Proposal Submission Checklist (This FORM A
2. Transmittal Letter Form FORM B
3. Business Questionnaire FORM C
4. Addendum Acknowledgement FORM D
5. Client Reference List FORM E
6. Designation of Subcontractors FORM F
7. Affidavit of Non-Collusion FORM G
8. Conflicts of Interest Statement FORM H
9. Equal Employment Opportunity FORM I
10. Drug-Free Workplace Certification FORM J
11. Cost Proposal (refer to instructions) EXHIBIT A & EXHIBIT B
Company Name:
Name of Proposer initialing
document (print):
Email address of Company
Contact:
Signature:
Title:
Date:
Gruber and Lopez, Inc
Ron Lopez
[email protected]
Managing Partner
3/13/24
RL
RL
RL
RL
RL
RL
RL
RL
RL
RL
RL
RL
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
26 FORM B
TRANSMITTAL LETTER FORM
City of Gardena
Attn: Purchasing Officer
1700 West 162nd Street
Gardena, CA 90247
1. Proposer acknowledges receipt of RFP 2024-004 and Addenda No. (s)
2. Proposer acknowledges its familiarity with requirements defined in Scope of Work.
3. This offer shall remain firm for days from the RFP close date. (minimum 120)
Company Name:
Address:
Telephone:
Print Name/Title:
E-mail:
Date Signed:
Signature:
120
Gruber and Lopez, Inc
438 Old Newport Blvd
Newport Beach, CA
949-346-2900
Ron Lopez
[email protected]
3/13/24
Ron Lopez
1 DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
27 FORM C
BUSINESS QUESTIONNAIRE
1. Name of Proposed Contractor ("Business”, herein): __________________________________________________ ___________________________________________________________________________________________ Doing Business As: ___________________________________________________________________________ Other business name, if applicable)
EIN#______________________________
2. Business Mailing Address: _____________________________________________________________________ Street Address
_____________________________________________________________________ City State Zip Code
3. Business Telephone Number: ( ) _____________________ Fax Number: ( ) ________________________ E-mail address:
_______________________________________________________
4. Business Type: Individual Corporation Partnership Joint Venture
5. Number of Years in Business: __________________________________________________________________
6. Annual Gross Revenue: (M represents Millions)
$1M or less $1M-$5M $5M-$10M $10M-$16M $16M or Over
7. Number of Employees:
Less than 50 50-100* 101-750 751-1,000 1,001 or over
8. Is Business Owned by Minority Ethnicity? Yes No
9. Ethnic Group: African American Hispanic American Native American Asian Pacific American Subcontinent Asian American Caucasian Other (Please Specify) _____________________________________
10. Female Owned Business? Male Owned Business?
11. Type of Work Performed: Construction Wholesale/Distributor Manufacturing Professional Service General/Technical Service Retail
12. Please provide a brief description of your materials and/or services:
13. Is the Business a subsidiary of another entity? Yes No
14. Has the Business, or any officer or partner thereof, failed to complete a contract? Yes No
15. Is any litigation pending against the Business? Yes No
16. Has the Business ever been declared a "not responsible" vendor by a public agency? Yes No
17. Has the Business been debarred, suspended, proposed for debarment, declared ineligible, voluntarily excluded or otherwise disqualified from bidding, proposing or contracting? Yes No Gruber and Lopez, Inc
27-1110267
Old Newport Blvd
Newport Beach, CA 92663
949-346-2900
[email protected]
x
15 x
x
x
x
x
x
CPA firm
x
x
x
x
x
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
28 FORM C Continued
BUSINESS QUESTIONNAIRE
18. Has the Business been a defaulter, as principal, surety or otherwise? Yes No
19. Has the government or other public entity requested or required enforcement of any of its rights under a surety agreement on the basis of a default or in lieu of declaring the Business in default? Yes No
20. Is the Business in arrears upon a contract or debt? Yes No
21. Are there any proceedings pending relating to the Business' responsibility, debarment, suspension, voluntary exclusion or qualification to receive a public contract? Yes No
22. Have liquidated damages or penalty provisions been assessed against the Business for failure to complete the work on time or for any other reason? Yes No
23. If a "yes" response is given under questions 15 through 22, please provide a detailed explanation including dates, references to contract information, contacts, etc. (attach additional pages as necessary). City reserves the right to inquire further with respect thereto.
24. Name of principal financial institution for financial responsibility reference.
Name of Bank:
Address:
City and State:
Officer familiar with proposers account:
Federal Taxpayer I.D. number:
25. Please check all classifications that apply to your business:
DBE WBE MBE SBE SBRA LSAF
I, individually and on behalf of the business named above, do by my signature below certify that the information provided in this questionnaire is true and correct. I understand that if the information provided herein contains any false statements or any misrepresentations: 1) City will have the grounds to terminate any or all contracts which City has or may have with the business; 2) City may disqualify the business named above f rom consideration for contracts and may remove the business from City’s proposers list; or/and 3) City may have grounds for initiating legal action under federal, state or local law.
Note: This questionnaire is also a certification form; th e information requested will be used to determine small business status as per 13 CFR Part 121. Additionally, this information will allow City to report the amount of subcontracting activity with all businesses that offer the commodities and services used by City.
Printed Name: Title
Signature of Owner: Date:
(Owner, CEO, President, Majority Stockholder or Designated Representative) x
x
x
x
x
City National Bank
500 Newport Center Dr Ste 150
Newport Beach CA 92660
Bob Johnson
x
Ron Lopez Managing Partner
3/13/24
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
29 FORM D
ADDENDUM ACKNOWLEDGEMENT
Proposer acknowledges receipt of the following addenda which are attached to the Proposal:
Addendum No. _____________ Date __________________
Addendum No. _____________ Date __________________
Addendum No. _____________ Date __________________
Failure to acknowledge the receipt of all addenda may cause the Proposal to be considered non- responsive.
If Proposer is a corporation, state the legal name of the corpo ration and the name(s) of person(s) authorized to sign Proposals; if a partnership, state true name of firm and the names of all individual partners; if an individual, state name in full.
_______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ Date: ______________________, 20____
Company: __________________________
Signed: ____________________________
Name: _____________________________
Title: ______________________________
Telephone: __________________________
Gruber and Lopez, Inc
Ron Lopez
Matt Lenton
March 13 24
Gruber and Lopez, Inc.
Ron Lopez
Managing Partner
949-346-2900
Ron Lopez
1 3/5/24
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
30 FORM E
CLIENT REFERENCE LIST
All references shall be reachable and willing to furnish information by telephone conversation or email. Please ensure contact information is accurate and up-to-date.
1. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
2. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
3. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
4. Project:
Contact Person:
Company Name:
Telephone Number:
E-mail Address:
____________________________________________________
Signature of Authorized Person
____________________________________________________
Name, Title
____________________________________________________
Company Name
See Proposal for client references.
Ron Lopez, Managing Partner
Gruber and Lopez, Inc.
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
31 FORM F
DESIGNATION OF SUBCONTRACTORS
Propose shall provide the names and business addresses of each subcontractor who will perform work under the contract.
Attach additional copies of this form if more space is needed.
Company Name and Address /
Contact Name and Phone No.
INCLUDE LICENSE NUMBERS
DBE
(Included in
CUCP List)
(Yes / No)
Small
Business
Enterprise
(Yes / No)
Description of
Work/Services
Estimated
Dollar
Amount
N/A- none
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP 2024-002
PROFESSIONAL AUDITING SERVICES
32 FORM G
AFFIDAVIT OF NON-COLLUSION
Submit this form with the Price Proposal, failure to do so is grounds for disqualification.
I hereby swear (or affirm) under penalty of perjury that:
1. I am the Proposer (if the Proposer is an individual), a partn er in the proposal (if the Proposer is a partnership), or an officer or employee of the proposing corporation and have authority to sign on its behalf (if the Proposer is a corporation);
2. The Proposer has independently produced the attached proposal(s) without collusion, agreement, understanding or planned common course of action, with any other source, that would limit independent proposing competition;
3. The contents of the proposal(s) have not been communicated by the Proposer and or its employees and or agents to any person not an employee and or ag ent of the Proposer or its surety, on any bond furnished with the proposal , and will not be communicated to any such person prior to the official opening of the proposal, and
4. I have fully informed myself regarding the accuracy of the st a t e m e n t s m a d e i n t h i s affidavit.
Proposer’s Company Name
Legal Structure (corp./partner/proprietor)
Principal Office Address
City, ST, Zip
Phone Number
Fax Number
E-Mail
Federal Employer Identification Number
Title of Person Authorized to Sign
Print Name of Person Authorized to Sign
Authorized Signature and Date
Gruber and Lopez, Inc
S-Corp
438 Old Newport Blvd
Newport Beach, CA 92663
949-346-2900
[email protected]
27-1110267
Managing Partner/ Director
Ron Lopez, Matt Lentoon
3/13/24
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 33
FORM H
CONFLICTS OF INTEREST STATEMENT
Proposers shall provide a list of all entities with which it has relationships that create, or would appear to create, a conflict of interest with the work that is contemplated by this project. The list should indicate the name of the entity, the relationship to the Proposer, and a discussion of the conflict.
Name of Entity:
Relationship to Proposer:
Conflict: _
Name of Entity:
Relationship to Proposer:
Conflict:
Name of Entity:
Relationship to Proposer:
Conflict:
OR
I, , hereby certify that
Authorized Official
has no known relationships that
Company
create or would appear to create a conflict of interest with the work that is contemplated by this project.
Executed this _ day of , 20
By
(Signature of Authorized Official)
N/A- none
Ron Lopez
Gruber and Lopez, Inc
13 March 24
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 34
FORM I
EQUAL EMPLOYMENT OPPORTUNITY CERTIFICATION
The successful bidder hereby certifies compliance with all applicable equal employment opportunity laws and regulations, as applicable:
1. In implementing the project, t he successful bidder may not di scriminate against any employee or applicant for employment because of race, color, cr eed, sex, disability, age or national origin. The recipient agrees to take affirmative a ction to ensure that applicants are employed, and that employees are treated during employment without regard to their race, color, creed, sex, disability, age, or national origin. Such action shall include, but not be limited to, the following: employment, upgr ading, demotion or transfer, recruitment or recruitment advertising, layoff or ter mination, rates of pay or other forms of compensation, and selection for training, including apprenticeship.
2. The successful bidder shall be responsible for requiring that all subcontractors of the project comply with this provision, except subcontracts for standard commercial supplies of new materials.
____________________________
Date
______________________________________________
Company
By: ______________________________________________
Signature of Authorized Official
______________________________________________
Print Name of Authorized Official
______________________________________________
Title of Authorized Official
3/13/24
Gruber and Lopez, Inc.
Ron Lopez
Managing Partner
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 RFP No 2024-002
PROFESSIONAL AUDITING SERVICES
PAGE 35
FORM J
DRUG-FREE WORKPLACE CERTIFICATION
I, _____________________________________________________, hereby certify on behalf of (name of authorized official)
_________________________________________ that:
(name of company)
The Contractor named above, and all Sub-Contractors working on this Contract, will comply with Government Code Section 8355 in matters relating to providing a drug-free workplace. The Contractor and all Sub-Contractors will, therefore:
1. Publish a statement notifying employees that unlawful manufac ture, distribution, dispensation, possession, or use of a controlled substance are prohibited, and that specified actions will be taken against employees for violation of these prohibitions, as required by Government Code Section 8355(a).
2. Establish a Drug-Free Awareness Program, as required by Gover nment Code Section 8355(b), to inform employees about all of the following:
a. The dangers of drug abuse in the workplace.
b. The firm’s policy of maintaining a drug-free workplace. c. Any available counseling, rehabilitation and employee assistance programs, and; d . P e n a l t i e s t h a t m a y b e i m p o s e d u p o n e m p l o y e e s f o r d r u g a b u s e violations, including that no employee who tests positive for use of a controlled substance shall be permitted to work on this Contract.
3. Provide, as required by Government Code Section 8355(c), that every employee who works on the proposed Contract:
a. Will receive a copy of the firm’s drug-free policy statement, and; b. Will agree to abide by the terms of the firm’s statement as a condition of employment on the Contract.
CERTIFICATION:
I, _______________________________________, hereby certify that the above named company, which I am duly authorized to represent, will comply with the Drug-Fr ee Workplace requirements of this Contract. I understand that this certification is made under penalty of perjury, under the laws of the State of California.
Executed this ________ day of _____________________, 20___ By ____________________________________________
(Signature of Authorized Official)
______________________________________________
(Title of Authorized Official)
Ron Lopez
Gruber and Lopez, inc.
Ron Lopez
13 March 24
Managing Partner
Ron Lopez
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
EXHIBIT A
Schedule of Professional
Fees and Expenses to
Support the Total All‐
Including Maximum
Price
Hours
Standard
Hourly Rates
Quoted
Hourly Rates
Total
Partner 80 $ 5 7 5 $ 3 5 0 $ 28,000 Manager 225 $ 4 5 0 $ 2 2 5 $ 50,650 Supervisory Staff $ $ $
Other (Specify) $ $ $
Sub‐Total $ 78,625
Out‐of‐Pocket Expenses
$ 0
Total $ 78,625
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
EXHIBIT B
Optional Years
All-Inclusive Maximum Price by Report FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 City Audit/ACFR $64,775 66,071 67,392
GTrans Enterprise Fund 8,950 9,129 9,312
Single Audit 3,900 3,978 4,058
GANN Limit 1,000 1,020 1,040
68,740
9,498
4,139
1,061
70,115
9,688
4,222
1,082
Total $78,625 80,198 81,802 83,438 85,107
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Exhibit C: Engagement Team Resumes
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Ron K. Lopez, C.P.A. (CA License No. 82537)
Executive Summary
Mr. Lopez is a partner and has ov er 25 years of prior experienc e including several with a national firm.
He has performed numerous financial statement, compliance, oper ational and performance audits of municipalities (including local governments, tribal governments and special districts), transit agencies, government grants (including federal single audits), other cont racts and cooperative agreements, not-for- profit organizations, private companies (including manufacturin g, franchising, software, medical receivables and more), ERISA (401k), medical expense reimbursem ent plans, real estate advisors and personal financial statements.
Mr. Lopez has comprehensive knowledge in all accounting princip les, concepts and standards including GASB, FASB, SAS, GAS, GAAS and more. He has reviewed and evalua ted entity’s accounting policies, regulatory laws, internal contro ls and financial management sys tems and suggested areas of improvements in formal letters to clients and grantors. Documen ted matters pertaining to each phase of the risk assessment process for all cycles (i.e. payroll, cash receipts, cash disbursements, cash and investment reconciliation including wire transfers, journal ent ry preparation, and IT) that clearly demonstrated procedures performed, results, evidence obtained a nd conclusions reached. Mr. Lopez also performed quality control reviews of other CPA firms on behalf of federal government. Lastly, Mr. Lopez was one of the first audit managers to audit a local government using the GASB 34 module (City of Indian Wells, 1999).
Education:
B.A.- Cal State University Fullerton, Business Administration with an emphasis in Accounting.
Professional Work History:
1994-2004: Conrad and Associates, CPAs
2004-2008: Mayer Hoffman McCann
2008-2009: Glenn Gelman and Associates, CPAs
2009-Present: Gruber and Lopez Inc.
Recent Audits of Municipalities (including Successor Agencies, Transit Agencies, Special Districts and OMB Uniform Grant Single Audits ):
Stanton, Eastvale, Bell Gardens, Hawaiian Gardens, Villa Park, La Habra Heights, Hermosa Beach, Newport Beach; Aliso Viejo; Rancho Santa Margarita; Lagu na Woods; Carlsbad; Indian Wells; Fountain Valley Rancho Mi rage; Solana Beach; National Ci ty; Escondido; Goleta; Lomita; Santa Monica; San Marcos; Big Bear Area Regional Wastew ater Authority; Lake Arrowhead CSD; Big Bear CSD; Salt and Sea Water Authority, Coun ty of San Bernardino Special Districts, South Montebello Irrigation District, and more.
Recent Audits of Quasi Governmental and Nonprofit Organizations:
Mexican Hass Avocado Board, New port Beach Conference & Visitor’ s Bureau, Whittier First Day Coalition, Assistance League of Whittier, National Childhoo d Cancer Foundation (Curesearch), South County Outreach, Miracles for Kids, Grades of Green, Intercommunity Counseling Center, Community Legal Aid SoCal, Hass Avocado Boar d, Mexican Hass Avocado Importer’s Association, Avocados from Mexico, Peruvian Avocado Commission, Substance Abuse Foundation of Long Beach, Center for Community Research, and more.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Ron K. Lopez, C.P.A. (continued)
Recent Performance and Program Specific Audits:
Orange County Healthcare Agency and Social Services Agency
Recent Continuing Education:
Fraud, Local Government; Ethics, Non-profit Updates, Risk Asses sment (SAS Nos. 103 thru 114); GASB Audit and Accounting updates; Advanced Government Fi nancial Reporting; FASB updates; Single Audit updates.
Memberships: AICPA; California Society of CPA’s.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Matthew J. Lenton, C.P.A. (CA License No. 97111)
Executive Summary
Mr. Lenton is the Director of Audit and Accounting and has over 20 years of prior experience including several with a national firm where he was a Shareholder. He has perform ed numerous financial statement, compliance, operational and performance audits of municipalities (including tribal governments and special districts), transit agencies, government grants (including single audits), other co ntracts and cooperative agreements, not-for-profit organizations, private companies (including manufacturing, fran chising, software, franchises and more), and ERISA (401k & 403b) plans.
Mr. Lenton has comprehensive knowledge in all accounting princi ples, concepts and standards including GASB, FASB, SAS, GAS, GAAS and more. He has reviewed and evaluated en tity’s accounting policies, regulatory laws, internal controls and financial management systems and suggeste d areas of improvements in formal letters to clients and grantors. Documented matters pertaining to each pha se of the risk assessment process for all cycles (i.e. payroll, cash receipts, cash disbursements, cash and inve stment reconciliation in cluding wire transfers, journal entry preparation, and IT) that clearly demonstrated pr ocedures performed, results, evidence obtained and conclusions reached.
Education:
B.S.- California State Polytechnic University - Pomona, Busines s Administration with an emphasis in Accounting.
Professional Work History:
2001-2004: Conrad and Associates, CPAs
2004-2012: Mayer Hoffman McCann, PC
2012-2014: Whittaker & Company, CPAs
2014-Present: Gruber and Lopez Inc.
Recent Audits of Municipalities (including Redevelopment Agenc ies, Transit Agencies, Special Districts and OMB Uniform Grant Single Audits ):
Stanton, Eastvale, Bell Gardens, Villa Park, La Habra Heights, Hawaiian Gardens, Newport Beach; Rancho Santa Margarita; Indian W ells; Inglewood; Rancho Mirage; Compton; National City; Lomita; Beverly Hills; Highland; Housing Authority of the City of Los A ngeles; Fresno Housing Authority; Lake Arrowhead CSD; County of San Bernardino Special Districts, Sout h Montebello Irrigation District; and more including Orange County -Healthcare Agency and Social Services Agency
Recent Audits of Quasi Governmental and Nonprofit Organizations:
Mexican Hass Avocado Board; Newport Beach Chamber of Commerce; Community Service Programs, Inc.; California Family Life Center; National Childhood Cancer Foundation (Curesearch); Community Legal Aid SoCal; Substance Abu se Foundation of Long Beach; Amer ican College of Trial Lawyers, Orange Coast Interfaith Shelter; New Directions for Women; Oran ge County Conservation Corps; Order of the Eastern Star; Beverly Hills Chamber of Commerce; Orange YMCA; Laguna Art Museum; and more.
Recent Continuing Education:
Fraud, Local Government; Ethics, Non-profit Updates, Risk Assessment (SAS Nos. 103 thru 114); GASB Audit and Accounting updates; Advanced Government Financial Rep orting; FASB updates; Single Audit updates.
Memberships: AICPA; California Society of CPA’s.
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Michelle Danaher
Executive Summary
Mrs. Danaher is the Director of Audit and Accounting and has ov er 25 years of prior experience including several with a national firm, and most recently as the Finance Director of the City of Villa Park for over 10 years. She has performed numerous financial sta tement, compliance, operational and performance audits of municipalities (including special districts), government grants (including sin gle audits), other contracts and cooperative agreements, not-for-profit organizations, along with overseeing all financial decisions over the City of Villa Park (including preparing the CAFR, annual state controller reports, State and County compliance reporting, and annual City Budget).
Mrs. Danaher has comprehensive knowledge in all accounting principles, concepts and standards including GASB, FASB, SAS, GAS, GAAS and more. She has reviewed, evaluated, and written accounting policies, regulatory laws, internal controls and financial management systems and suggeste d areas of improvements to provide efficiencies within entities. In her management role at the City, she was t he key individual who documented and created segregation of duties over internal controls in payroll, cash r eceipts, cash disbursements, cash and investment reconciliation including wire transfers, journal entry preparation, and IT.
Education:
B.S.- Biola University, La Mirada, Business Administration with an emphasis in Accounting.
Professional Work History:
1994-1999: Conrad and Associates, CPAs
1999-2004: Santa Margarita Water District
2004-2007: Mayer Hoffman McCann, PC
2007-2018: City of Villa Park
2018-Present: Gruber and Lopez Inc.
Audits of Municipalities (including Special Districts and OMB Uniform Grant Single Audits):
Stanton, Eastvale. Hawaiian Gardens, Bell Gardens, Hermosa Beac h, La Habra Heights, Pico Water District, Costa Mesa, Orange County Water District, Carlsbad, B ig Bear Area Regional Wastewater Agency, Palm Springs, San Bernardino and more.
Audits of Nonprofit Organizations:
Girl Scouts of Orange County Olive Crest, Legal Aid Society of Orange County; Orange YMCA, Mexican Hass Avocado Board, Whittier First Day Coalition, Assistance League of Whittier, South County Outreach, Miracles for Kids, Grades of Green , Intercommunity Counseling C enter, Community Legal Aid SoCal, Hass Avocado Board, Mexican Hass Avocado Importer’s Association, Avocados from Mexico, Substance Abuse Foundation of Long Beach, Center for Community Research, and more.
Compliance, Performance and Program Specific Audits:
Orange County -Healthcare Agency and Social Services Agency
Continuing Education:
Fraud, Local Government; Ethics, Non-profit Updates, Risk Assessment (SAS Nos. 103 thru 114); GASB Audit and Accounting updates; Advanced Government Financial Reporting; Single Audit updates.
Memberships: CSMFO
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59
Christopher Vincent Haro, C.P.A. (License No. 82294)
Executive Summary
Mr. Haro is a manager and has over 20 years of prior experience including several with a national firm.
He has performed numerous financial statement, compliance, oper ational and performance audits of municipalities (including tribal governments and special distri cts), transit agencies, government grants (including single audits), other contracts and cooperative agre ements, not-for-profit organizations, ERISA (401k), and more.
Mr. Haro has comprehensive knowledge in all accounting principl es, concepts and standards including GASB, FASB, SAS, GAS, GAAS and more. He has reviewed and evalua ted entity’s accounting policies, regulatory laws, internal contro ls and financial management sys tems and suggested areas of improvements in formal letters to clients and grantors. Documen ted matters pertaining to each phase of the risk assessment process for all cycles (i.e. payroll, cash receipts, cash disbursements, cash and investment reconciliation including wire transfers, journal ent ry preparation, and IT) that clearly demonstrated procedures performed, results, evidence obtained and conclusions reached.
Education:
B.S.- Cal Poly Pomona, Business Administration with an emphasis in Accounting.
Professional Work History:
2000-2004: Conrad and Associates, CPAs
2004-2009: Mayer Hoffman McCann
2009-Present: Gruber and Lopez Inc.
Recent Audits of Municipalities (including Redevelopment Agenc ies, Transit Agencies, Special Districts and OMB Circular A-133 Single Audits ):
Bell Gardens; Lomita; Villa Park; San Diego Port District; San Carlos; San Bernardino; Aliso Viejo; Lomita; Laguna Woods; Indian Wells; Indio; Solana Beach; Big Bear Area Regional Wastewater Authority; Lake Arrowhead CSD; Big Bear CSD; Saltwat er Authority, San Gabriel Valley Mosquito and County of San Bernardino Special Districts, Orange County -Healthcare Agency and Social Services Agency and more.
Recent Audits of Quasi Governmental and Nonprofit Organizations:
Legal Aid Society of Orange County, Southern California Alcohol a n d D r u g P r o g r a m s , S A F E Refuge, Red Cross of Orange C ounty; Orange County Performing Ar ts Center; Friend of the Cerritos Center, Chapter 13 Bankruptcy Trustee; Chapter 7 Bankr uptcy Trustees; Boys and Girls Club of Anaheim; Boys and Girls Club of Huntington Valley; Sout hern California Alcohol and Drug Programs, and more.
Recent Continuing Education:
Fraud, Local Government; Ethics, Non-profit Updates, Risk Asses sment (SAS Nos. 103 thru 114); GASB Audit and Accounting updates; Advanced Government Fi nancial Reporting; FASB updates; Single Audit updates.
Membership: AICPA
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 Exhibit D: Quality Control Peer Review Report
DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 DocuSign Envelope ID: 0291150B-356F-4369-ADD0-4DF0B6D77D59 City of Gardena
Gardena City Council Meeting
AGENDA REPORT SUMMARY
Agenda Item No. 13.A
Section: DEPARTMENTAL
ITEMS - COMMUNITY
DEVELOPMENT
Meeting Date: April 23, 2024
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE:
PUBLIC HEARING: INTRODUCTION OF ORDINANCE NO.
1871:
Amending Sections of Chapter 5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, and hookah lounges Environmental Determination:
The project is exempt pursuant to CEQA Guidelines section 15061(b)(3) as there is no possibility that the activity may have a significant effect on the environment.
COUNCIL ACTION REQUIRED:
Staff Recommendation: Open the public hearing, receive testimony from the public, allow three (3) minutes for each speaker, and close the public hearing.
Staff Recommendation for Motion: Introduce Ordinance No. 1871.
RECOMMENDATION AND STAFF SUMMARY:
On March 12, 2024, the City Council held a study session to determine whether new significant tobacco retailer businesses should be allowed within the City. At the meeting, the City Council directed staff to draft an ordinance that would prohibit further significant tobacco retailer businesses from establishing in the City, with the distinction that the prohibition should not apply to cigar and hookah lounge businesses.
On April 2, 2024, the Planning Commission held a public hearing to consider their recommendation to the Council on Ordinance No. 1871. Prior to the hearing, a public comment was received and included in the record for the Commission's consideration. At the close of the hearing the Commission adopted Resolution No. 7-24, by a 4-1 vote, recommending the City Council adopt the Ordinance.
The Planning Commission staff report is attached for further information regarding the proposed amendments. The comment received form the public regarding this matter has also been attached for the Council's consideration.
FINANCIAL IMPACT/COST:
None.
ATTACHMENTS:
Staff Report presented to Planning Commission on April 2nd.pdf Public Comment on Ordinance No. 1871.pdf
Planning Commission Resolution No. PC 7-24.pdf
Ordinance No. 1871.pdf
APPROVED:
___________________________________
Clint Osorio, City Manager
CITY OF GARDENA
PLANNING AND ENVIRONMENTAL QUALITY COMMISSION
STAFF REPORT
RESOLUTION NO. PC 7-24
ZTA # 3-24
AGENDA ITEM #7.A
DATE: April 2, 2024
TO: Chair Henderson and Members of the Planning and Environmental Quality Commission
FROM: Greg Tsujiuchi, Community Development Director
PREPARED BY: Amanda Acuna, Community Development Manager
APPLICANT: City of Gardena
LOCATION: Citywide
REQUEST: Recommendation to the City Council on adoption of Ordinance No.1871 to amend Chapter 5.52 and Title 18 of the Gardena Municipal Code relating to significant tobacco retailers, cigar lounges, hookah lounges, and similar use determinations and making a finding that the Ordinance is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3).
BACKGROUND
At the City Council Meeting held on February 28, 2023, staff received a Council directive to begin looking into either regulating or prohibiting significant tobacco retailers due to the proliferation of these types of businesses and the harmful effects of tobacco on the residents, especially the youth. Subsequently, at the City Council meeting held on March 14, 2023, staff received further direction to prepare a moratorium prohibiting new significant tobacco retail businesses from being established in the City while the matter is studied.
A report prepared for the City Council meeting on March 28, 2023, showed that t he number of significant tobacco retailers , businesses that principally sell tobacco related products, h ad significantly increased within the City from ten (10) in October 2021 to sixteen (16) in March 2023. With the concern about the proliferation of these types of businesses and the harmful effects of tobacco on the residents, the City Council adopted an urgent measure for a moratorium prohibiting any new significant tobacco retailer April 2, 2024
ZTA #3-24