Agenda packet — Glendale City Council, October 7, 2025

A G E N D A

GLENDALE CITY COUNCIL

COUNCIL CHAMBERS
613 E. Broadway, 2nd Floor
Glendale, CA 91206

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PUBLIC COMMENT GUIDELINES
The City Council welcomes public input at City Council meetings. Public input at Council meetings is regulated by the City Council’s Rules of Order, Procedure and Decorum for the Conduct of City Council Meetings as set forth in Resolution No. 25-76, which will be summarized below.

Written Comments and Documents
:

Public comments received in writing will NOT be read aloud at the meeting but will be part of the meeting record. Written public comments can be emailed to [email protected], and will be uploaded to the City website as an attachment to the agenda item. When submitting a public comment, please make sure to include the following
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1. Name (optional); and

2. Agenda item to which you are submitting public comment

3. Submit no later than 12:00 p.m. on the day of the City Council meeting. Correspondence received after this time may not be distributed until the following business day.

All documents related to open session items on this agenda that are received less than 72 hours prior to this meeting, and are public records, will be available for review in the Office of the City Clerk, 613 E. Broadway, Room 110, Glendale, CA 91206.

Public Comments During Council Meeting
:

Public Comments during Community Event Announcements, First and Second Periods of Oral Communications and agenda items will be governed as provided in the descriptions for those items on the agenda below. Pursuant to State law, the City Council may not discuss or take action on any item not appearing on the meeting agenda, except that members of the City Council or staff may ask a question for clarification or briefly respond to statements made or questions posed by persons exercising public testimony rights (Government Code Section 54954.2). Staff may be asked to follow up on such items.

Submitting Speaker Cards or Calling In for Public Comment :

Speaker cards must be submitted and telephonic participants must call in and be in the call-in queue as follows:
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Community Event Announcements or First or Second Period of Oral Communications: PRIOR TO the commencement of the specific comment period
•
Consent Calendar Items: BEFORE a motion is made on the consent calendar •
Other agenda items, including Action items: PRIOR to the completion of the verbal staff report (unless waived by the Mayor)
Any audio-visual files displayed by speakers must be emailed to the Clerk’s office by 12:00 pm on the day before a Council meeting.

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OCTOBER 7, 2025

ROLL CALL

1. CLOSED SESSION
– 1:00 PM (T o Commence at 6:00 PM
)

2. REGULAR BUSINESS AGENDA
– 6:00 PM
Roll Call
a.

Flag Salute: Council Member
b.

Invocation:

W
ill be delivered by monk Brother Prafullananda, Self-Realization Fellowship.
c.

Report of the City Clerk, re: Posting of Agenda. The Agenda for the October 7, 2025 Regular Meeting of the Glendale City Council was Posted on October 3,2025 on the Bulletin Board Outside City Hall.

3. PRESENTATIONS AND APPOINTMENTS
a.

Proclamation Public Power Week
b.

California's Water Professionals Appreciation Week
c.

Proclamation October 2025 as Filipino American History Month

4. CONSENT ITEMS
(Including Minutes)
The following are routine and may be acted upon by one motion. Any Member of Council or the audience requesting separate consideration may do so by making such request before motion is proposed.
a.

City Clerk, re:

Minutes of the Regular City Council Meeting of September 30, 2025 b.

Police Department, re: Acceptance and Appropriation of California Department of Justice Sexual Assault Evidence Submission Grant

1. Motion to accept the California Department of Justice Sexual Assault Evidence Submission Grant and authorize the City Manager, or a designee, to execute the necessary agreements, certification, and other documents required to accept the Grant

2. Resolution of Appropriation to appropriate $125,000 in California Department of Justice Sexual Assault Evidence Submission Grant funds
c.

Public Works, re: Adopt Specifications for Fire-Life-Safety Maintenance and Support and Building Security System Maintenance and Support and Amend Existing Contract for Citywide Maintenance and Repair of Generators

1. Resolution adopting Specification No. 4028 for Fire-Life-Safety Systems Maintenance and Support for the City of Glendale and directing the City Clerk to advertise for bids

2. Resolution adopting Specification No. 4029 for Security Systems Maintenance and Support for the City of Glendale and directing the City Clerk to advertise for bids

3. Motion Amending the existing Citywide Maintenance and Repairs of Generators Contract No. 8001441 with Global Power Group, Inc
d.

Public Works, re: Award Construction Contract for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project

1. Motion authorizing the City Manager or his designee to execute a construction contract with Bedrock Group, Inc. for the Pacific Park/Edison Elementary School

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Artificial Turf Replacement Project, Specification No. 4016R, in the amount of $1,117,900, plus a 10% reserve for contingencies of $111,790

5. CITY COUNCIL/STAFF COMMENTS
(Including reports from conferences and regional
meetings)

6. COMMUNITY EVENT ANNOUNCEMENTS
(3-minutes per speaker)
Members of the public will be permitted to announce upcoming events taking place in the community.

7. FIRST PERIOD OF ORAL COMMUNICATIONS
(Maximum 3 minutes per speaker, 30-minute
aggregate speaking time limit)
Members of the public may address the Council on agenda items or non-agenda items within the City Council’s subject matter jurisdiction. If a speaker addresses the Council on an agenda item during the First Period of Oral Communications, they may not speak again when the agenda item is called. A speaker who addresses the Council on non-agenda items during the First Period of Oral Communications may not speak during the Second Period of Oral Communications.

8. ADOPTION OF ORDINANCES
a.

Glendale Water and Power, re: Amendment to Electric Rates Ordinance to Implement Adjusted and Redistributed Electric Rates

1. Introduction of Ordinance Amending Ordinance No. 6025 Establishing the Electric Rates for Glendale Water & Power for Fiscal Years 2024 to 2028 to Implement Adjusted and Redistributed Electric Rates Increases effective November 1, 2025, November 1, 2026 and November 1, 2027

9. ACTION ITEMS
a.

City Treasurer, re:

City of Glendale Investment Policy

1. Resolution adopting the City Investment Policy for Fiscal Year 2025-2026 b.

City Treasurer, re:

City Treasurer's Annual Review of the City’s Portfolios

1. Motion accepting Report for Fiscal Year ending June 30, 2025 c.

Community Development, re:

Release of a Request for Proposals for the Lease and
Management of the Glendale Civic Auditorium (1401 North Verdugo Road)

1. Motion Directing Staff to Release a Request for Proposals for the Lease and Management of the Glendale Civic Auditorium

10. HEARINGS

11. REPORTS - INFORMATION

12. WRITTEN COMMUNICATIONS
a.

Statement on Memorandum of Understanding between the Department of Housing and Community Development and the City of Glendale

13. DISCUSSION OF COUNCILMEMBER FUTURE AGENDA REQUESTS

14. SECOND PERIOD OF ORAL COMMUNICATIONS
Discussion is limited to items NOT a part of this agenda. Each speaker is allowed 5 minutes.

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Council may question or respond to the speaker, but there will be no debate or decision. The City Manager may refer the matter to the appropriate department for investigation and report.

15. NEW BUSINESS
a.

Management Services, re:

Request from Councilmember Asatryan to agendize
discussion on bulky item pick-up request process and services with commercial waste haulers
b.

Management Services, re: Request from Councilmember Asatryan to agendize discussion on consideration of parks and recreation facility assessments for children with special needs

16. ADJOURNMENT

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M I N U T E S

GLENDALE CITY COUNCIL

COUNCIL CHAMBERS
613 E. Broadway, 2nd Floor Glendale, CA 91206
SEPTEMBER 30, 2025
ROLL CALL – All Present

1. CLOSED SESSION – 3:16 PM
a. Conference with Legal Counsel – Existing Litigation: Central BWB LLC v.

City of Glendale et al., L.A.S.C. Case No. 25STCP01018; Central BWB LLC v. City of Glendale et al., L.A.S.C. Case No. 25STCP01144 b. Conference with Legal Counsel – Anticipated Litigation. Significant exposure to litigation pursuant to subdivisions (d)(2) and (e)(3) of Government Code Section 54956.9: One potential case
c. Conference with Real Property Negotiators: City-designated negotiators:

Roubik Golanian, John Takhtalian, Michael J. Garcia, Gillian van Muyden, Bradley Calvert, Onnig Bulanikian and Mark Berry. Property Location: 309 Orange Street. Negotiating Parties: MGP XII Glendale Central LLC, an affiliate of Merlone Geier Partners. Instructions to the negotiator(s) will concern the price and terms of payment for the acquisition of property d. Conference with Real Property Negotiators: City-designated negotiators:

Roubik Golanian, John Takhtalian, Michael J. Garcia, Gillian van Muyden, Jeff Brooks and Mark Berry. Property Location: 1000 N. Brand Blvd.

Negotiating Parties: 1000 N. Brand LLC. Instructions to the negotiator(s) will concern the price and terms of payment for the acquisition of property City Attorney, Michael Garcia, stated Council may report out on item 1b.

Council recessed to Closed Session at 3:17 PM.

2. REGULAR BUSINESS AGENDA – 6:01 PM
Roll Call – Absent: Brotman – Brotman joined the meeting at 6:11 PM a. Flag Salute: Mayor Najarian
b. Invocation: Delivered by Pastor Jonathan Henderson, Vallejo Drive Church of Seventh-day Adventists
c. Report of the City Clerk, re: Posting of Agenda. The Agenda for the September 30, 2025, Regular Meeting of the Glendale City Council was Posted on September 26, 2025, on the Bulletin Board Outside City Hall.

Item 9d was read into the record next.

3. PRESENTATIONS AND APPOINTMENTS
a. Proclamation declaring September 27, 2025, as Native American Day b. Proclamation declaring September as National Hispanic Heritage Month Received by various members of the Glendale Latino Association and ¡Adelante Latinos! GUSD, including:

Guillermo Garcia, President of the Glendale Latino Association Christian Wymer Hernandez, ¡Adelante Latinos!
Diana Hernandez, Chair of ¡Adelante Latinos!
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Anita Quiñonez Gabrielian, Immediate Past President of the Glendale Latino Association
Natalia Lewis, member of ¡Adelante Latinos!
Sharonte Fuentes, member of ¡Adelante Latinos!
Denise Miller, member of the Glendale Latino Association

4. CONSENT ITEMS (Including Minutes)
The following are routine and may be acted upon by one motion. Any Member of Council or the audience requesting separate consideration may do so by making such request before motion is proposed.

Items 4f and 4g were pulled from the consent calendar.
a. City Clerk, re: Minutes of the Regular City Council Meetings of September 9, 2025
Moved: Asatryan Seconded: Gharpetian
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
b. Public Works, re: Final Map for Tract No. 84200, for a 6-unit Residential Condominium Subdivision at 354 W. Wilson
Avenue

1. Resolution [25-138] approving the Final Map for Tract No. 84200, for a 6-unit residential condominium subdivision at 354 W. Wilson Avenue
Moved: Asatryan Seconded: Gharpetian
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
c. Police Department, re: 2025-26 Grant from the State of California Office of Traffic Safety for the Motorcycle Safety Education and Training Program

1. Motion to accept grant funds in the amount of $40,000 from the State of California Office of Traffic Safety, Motorcycle Safety Education and Training Program and authorize the City Manager, or his designee, to execute the necessary agreements, certification, and other documents required to accept the Grant
Moved: Asatryan Seconded: Gharpetian
Vote as Follows:
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Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
d. Police Department, re: 2025-26 Grant from the State of California Office of Traffic Safety, Selective Traffic Enforcement Program, for distracted driving, Vehicle Code, bicycle, pedestrian, and driving under the influence violations

1. Motion to accept grant funds in the amount of $350,000 from the California Office of Traffic Safety, Selective Traffic Enforcement Program and authorize the City Manager, or his designee, to execute the necessary agreements, certification, and other documents required to accept the Grant Moved: Asatryan Seconded: Gharpetian
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
e. Community Services and Parks, re: Funding for eClean Technologies, LLC

1. Motion authorizing City Manager or designee to (1) amend the contract with eClean Technologies, LLC to include an option for the City to purchase 33 units of aqueous ozone equipment at the end of the 36-month rental term, for a new total contract amount not to exceed $307,500, (2) exercise the City’s purchase option, and (3) enter into a contract with eClean for the maintenance, repair, and replacement of aqueous ozone equipment purchased by the City in an amount not to exceed $12,000 annually

2. Resolution [25-139] of appropriation in the amount $101,400 to continue renting with the option to purchase aqueous ozone equipment Moved: Asatryan Seconded: Gharpetian
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
f. Public Works, re: Assignment of the “Agreement for Business and Multi- Family Solid Waste Collection Services in Zone C” Contract R107072 between the City of Glendale and Waste Resource Technologies, Inc Staff Comments:

Roubik Golanian, City Manager
Public Speakers:

Herbert Molano
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Ejmin Hakobian

1. Resolution [25-140] authorizing Assignment of the Agreement for Business and Multi-Family Solid Waste Collection Service in Zone C from Waste Resource Technologies, Inc. (Contract R107072) to Waste Management of California, Inc. (WM)
Moved: Kassakhian Seconded: Asatryan
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
g. City Attorney, re: Request for Conflict of Interest Waiver in Legal Representation by Holland & Hart LLP
Staff Comments:

Michael Garcia, City Attorney
Public Speakers:

Beth Brooks

1. Motion Authorizing the City Attorney to Consent to the Southern California Public Power Authority’s (SCPPA) Execution of a Conflict of Interest Waiver for Holland & Hart LLP for an unrelated matter and for future SCPPA conflict waivers for unrelated matters
Moved: Kassakhian Seconded: Brotman
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None

5. CITY COUNCIL/STAFF COMMENTS (Including reports from conferences and regional meetings)
Councilmember Brotman apologized for the cancellation of last Tuesday’s meetings, noting that he was ill with COVID and could not attend, which affected quorum.

Councilmember Asatryan shared two items she would like to agendize as New Business. First, she requested that staff or the Arts & Culture Commission develop programming ideas for the $15 million in the Public Arts Fund. Second, she noted that some parents of children with autism have raised concerns that Glendale parks lack the proper fencing and gates, preventing safe access for their children. She indicated that she had connected the parents with the Parks 9 of 143

Department but requested that Council assess the issue to determine whether one of Glendale’s parks could be made safely usable for children with autism.

City Manager Golanian responded that the second item could be added to the New Business agenda. Regarding the first item, he clarified that he had already directed the Director of Library, Arts & Culture to prepare a drawdown plan for the Public Arts Fund, which he believes contains approximately $9 million rather than $15 million.

Councilmember Asatryan congratulated the new Deputy Police Chief, Robert William.

Councilmember Kassakhian explained that he was unable to attend the cancelled Special City Council meeting last week due to a prior commitment, and noted that no meetings had originally been scheduled. He shared that he spoke at a conference for the California New Motor Vehicle Board in his capacity as a State appointee. Councilmember Kassakhian inquired about the status of an item he requested last year concerning Arts & Culture Grants for nonprofits.

City Manager Golanian replied that City Attorney Garcia has reviewed and provided an opinion on that item and it is expected to come before Council in early December.

Councilmember Kassakhian also requested that staff review the effectiveness of E-Waste Collection Centers, including hours of operation, lists of accepted materials, and applicable fees, and provide a memo with their findings.

Councilmember Gharpetian shared that he attended various meetings in which he represented the City as Mayor Pro-Tem. He attended the Glendale Chamber of Commerce's Annual Gala, Armenian Independence Day at Verdugo Park, the Voices of Artsakh Choir at Alex Theatre, BizFed's 11th Annual Freshman Policymaker's Reception, and the Glendale Police Department Promotioal and Swearing-In Ceremony. He congratulated Deputy Police Chief Robert William.

He also noted the Employee Service Acknowledgment Ceremony and thanked City Manager Golanian for his 25 years of service to the City, and highlighted Carlos Linares of the Public Works Department who has over 35 years of service with the City. Additionally, Councilmember Gharpetian attended a community meeting hosted by the Rossmoyne and Royal Canyon Homeowners Associations and he suggested removing certain parking lots from the Surplus Land Act list and from the land use element. He also attended a vigil for Charlie Kirk. He noted several parks that have fences in Glendale are safe for all children including ones with autism. Councilmember Asatryan noted that these parks may not meet the requirements the parents are referring to and suggested Parks staff look into the matter. Lastly, Councilmember Gharpetian made comments on the Bus Rapid Transit project.

Mayor Najarian announced that tomorrow is Transit Day, during which all public transit in Los Angeles County will be free. He shared that he had recently traveled to Armenia at no expense to the City, where he met with representatives from Glendale’s sister cities in Yerevan, Gyumri, and Kapan. 10 of 143

He also met with the Minister of Transportation and Infrastructure to discuss roadway design, bike lanes, and transit, as well as with the Deputy Minister of the Economy regarding products from Armenia. Mayor Najarian noted that tomorrow is Walk to School Day, encouraging students to walk to school. He also highlighted upcoming events, including the 46th Annual Montrose Oktoberfest and the Jewel City Concert Series on Saturday, October 4, 2025.

He also shared the Alex Theatre is celebrating their 100th Anniversary and are having various programming for the occasion. The details can be found on their website: https://www.thealex.com/.

6. COMMUNITY EVENT ANNOUNCEMENTS (3-minutes per speaker) Members of the public will be permitted to announce upcoming events taking place in the community.

Allen Dish

7. FIRST PERIOD OF ORAL COMMUNICATIONS (Maximum 3 minutes per speaker, 30- minute aggregate speaking time limit)
Members of the public may address the Council on agenda items or non-agenda items within the City Council’s subject matter jurisdiction. If a speaker addresses the Council on an agenda item during the First Period of Oral Communications, they may not speak again when the agenda item is called. A speaker who addresses the Council on non- agenda items during the First Period of Oral Communications may not speak during the Second Period of Oral Communications.

Shant Tchakerian
Mike Mohill
Tony Passarella
Allen Dish
Carolyn Alves
Herbert Molano
Vanineh Shakhmalian
Lisa Cusack
Ejmin Hakobian
Joe O’Hanlon
Paul Karapetian
Councilmember Brotman stepped away at 7:49 PM and returned at 7:56 PM.

8. ADOPTION OF ORDINANCES
a. City Attorney, re: Ordinance Amending Glendale Municipal Code provisions regarding meetings, powers and duties of the Commission on the Status of Women
Staff Comments:

Roubik Golanian
Public Speakers:

Mike Mohill
Beth Brooks
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Diane Lambillotte

1. Adoption of Ordinance [6041] Amending Sections 2.38.090 and 2.38.140 of the Glendale Municipal Code, 1995 – Relating to the Commission on the Status of Women
Moved: Asatryan Seconded: Brotman
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None

9. ACTION ITEMS
a. Glendale Water and Power, re: Amendment to Electric Rates Ordinance to Implement Adjusted and Redistributed Electric Rates
Staff Comments:

Roubik Golanian, City Manager
Scott Mellon, General Manager, Glendale Water & Power
Presentation:

Adrine Isayan, Assistant General Manager - Finance & Risk Management, Glendale Water & Power
Public Speakers:

Beth Brooks
Allen Dish
Jordan Henry
Councilmember Asatryan stepped away at 8:02 PM and returned at 8:07 PM.

Mayor Najarian stepped away at 8:05 PM and returned at 8:07 PM.

The Ordinance will be brought back for adoption on October 7, 2025.

Councilmember Asatryan stepped away at 8:46 PM and returned at 8:48 PM. 12 of 143

b. Fire Department, re: Request to Establish a Standardization of Specialized Gurney Equipment Manufactured by Ferno Washington
Staff Comments:

Roubik Golanian, City Manager

1. Resolution [25-141] to adopt the standardization policy and authorize the purchase of gurneys and gurney maintenance and repair supplies from Ferno Washington
Moved: Kassakhian Seconded: Brotman
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
c. Management Services, re: Appointment of Voting Delegate and Alternative Representative for the 2025 League of California Cities Conference
Staff Comments:

Roubik Golanian

1. Motion designating a voting delegate and alternate
representative(s) for the 2025 League of California Cities Conference
Voting Delegate: Councilmember Kassakhian
Alternate Voting Delegate: Councilmember Asatryan
Moved: Brotman Seconded: Gharpetian
Vote as Follows:

Ayes: Asatryan, Brotman, Gharpetian, Kassakhian, Najarian Noes: None

Absent: None
Abstain: None
d. City Attorney, re: Status Update on the Activities of the Charter Review Committee Pertaining to Council Districts, Directly Elected Mayor, Council Compensation and Miscellaneous Matters

1. Motion Providing Direction
Without objection, Council moved item 9d to the City Council Meeting of November 4, 2025.
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10. HEARINGS
a. Community Development, re: Public Hearing Regarding Request for Approval of a Density Bonus, Discretionary Bonus and Inclusionary Housing Plan, Pursuant to State and City Density Bonus Law, to Construct a New 43-unit Residential Housing Development Project, Located at 441 and 445 W. Glenoaks Blvd., Providing a Total of Nine Affordable Units, Including a Total of Six Reserved for Very Low Income Households and Three Reserved for Moderate Income Households (Density Bonus Housing Plan Case No. PDBP-003898-2024)
Mayor Najarian opened the hearing at 8:52 PM and closed the hearing at 9:46 PM.

Staff Comments:

Roubik Golanian, City Manager
Yvette Neukian, Principal Assistant City Attorney
Michael Garcia, City Attorney
Presentation:

Milca Toledo, Senior Planner
Public Speakers:

Farnoosh Farmer, representing BOLADarck Design
Beth Brooks
Jim Diener
Allan Durham
Shane Lee
Kyle Boghosian
Alex Balekian
Alex Y.

Councilmember Gharpetian recused himself due to a conflict of interest and left the meeting at 9:05 PM.

Councilmember Asatryan stepped away at 9:19 PM and returned at 9:25 PM.

1. Motion to approve Density Bonus, Discretionary Bonus and Inclusionary Housing Plan

2. Motion to deny Density Bonus, Discretionary Bonus and Inclusionary Housing Plan
Councilmember Asatryan made a motion to deny the Discretionary Bonus.

Moved: Asatryan Seconded: Kassakhian
Vote as Follows:

Ayes: Asatryan, Kassakhian, Najarian
Noes: Brotman
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Absent: Gharpetian (recusal)
Abstain: None

11. REPORTS - INFORMATION

12. WRITTEN COMMUNICATIONS

13. DISCUSSION OF COUNCILMEMBER FUTURE AGENDA REQUESTS

14. SECOND PERIOD OF ORAL COMMUNICATIONS
Discussion is limited to items NOT a part of this agenda. Each speaker is allowed 5 minutes. Council may question or respond to the speaker, but there will be no debate or decision. The City Manager may refer the matter to the appropriate department for investigation and report.

Beth Brooks
Damian Sullivan
Jordan Henry
Jim Diener
Alex Balekian
Alex Y.

Councilmember Brotman stepped away at 10:16 PM and returned at 10:19 PM.

15. NEW BUSINESS
a.Motion authoring the City Manager and City Attorney to enter into a memorandum of understanding (MOU) with the California Department of Housing and Community Development Department (HCD) to resolve claims made in August 15, 2025, follow up notice of violation issued by HCD, wherein HCD alleged that the City is in violation on of the State ADU Law with respect to three provisions of the City's ordinance governing the construction of ADUs and junior accessory dwelling units contained in GMC section 30.34.080 as follows:

1. The City's prohibition of new construction ADUs above detached garages or carports.

2. The City's requirement that a lot with one residential unit may have either an ADU or an accessory living quarter but not both.

3. And the City's limitation of construction for single family use of either one converted ADU and JADU or one detached new construction ADU and a JADU and for multifamily use of at least one and up to 25% of the existing multifamily dwelling units within portions of existing multi family dwelling structures not used as livable space converted to ADUs, but not more than eight detached ADUs.

THE MOU requires the City to bring forth amendments to this ADU ordinance to address these three challenge provisions referenced above, and not to enforce these provisions until either the new amended ADU ordinance takes effect or the new amended ADU ordinance fails to be adopted after a vote. And requires HCD to forbear from enforcing the notice of violation through the initiation of litigation or 15 of 143

any other enforcement action that may otherwise be permitted by State ADU Law against the City as to the three challenged provisions. This motion and authorization to enter into the MOU constitutes the initiations of amendments to the zoning ordinance of the City of Glendale to effectuate the amendments contemplated herein subject to review and recommendation by the Planning Commission and review and approval by the City Council after notice of public hearings. This MOU is not an admission of any violation of law, liability or wrongdoing whatsoever by the City or by any person or department, and the City explicitly maintains that it is not in violation of the State ADU Law. Rather, this agreement is made in order to avoid the costs and risk of litigation and or any other enforcement action by the State of California or HCD.

Moved: Kassakhian Seconded: Brotman
Vote as Follows:

Ayes: Asatryan, Brotman, Kassakhian, Najarian
Noes: None

Absent: Gharpetian
Abstain: None

16. ADJOURNMENT – 10:27 PM
Moved: Kassakhian Seconded: Asatryan
Mayor of the City of Glendale
City Clerk of the City of Glendale
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4b 25-88700
6 3
3 4
Item Type: Consent Calendar
Approved forOctober 7, 2025 calendar

AGENDA ITEM

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL
Report: Acceptance and Appropriation of California Department of Justice Sexual Assault Evidence Submission Grant

2. Resolution of Appropriation to appropriate $125,000 in California Department of Justice Sexual Assault Evidence Submission Grant funds.

COUNCIL ACTION

EXECUTIVE SUMMARY
The Glendale Police Department requests approval to accept $125,000 in grant funds from the California Department of Justice (CA DOJ) for personnel, testing, and equipment maintenance costs to be used within the grant period of April 1, 2025, to June 30, 2028. 17 of 143

4b
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2 RECOMMENDATION
Accept the CA DOJ Sexual Assault Evidence Submission Grant (SAESG) award in the amount of $125,000, authorize the City Manager, or a designee, to execute the necessary agreements, certification, and other documents required to implement the grant, and adopt a resolution of appropriation in the amount of $125,000.

ANALYSIS
Effective January 1, 2020, California Senate Bill (SB) 22 requires law enforcement agencies to submit and test sexual assault forensic evidence collected on or after January 1, 2016. SB 464, enacted in 2024, builds on this mandate by requiring agencies to audit untested sexual assault kits in their possession and in accordance with Penal Code Section 680.4, report specific information to the California Department of Justice (DOJ) by July 1, 2026.

In response to SB 22 and SB 464, the Glendale Police Department (GPD) has identified approximately 50 sexual assault kits that require testing to meet the state’s reporting and compliance standards. The grant allows for the reimbursement of expenditures related to the testing, maintenance, and equipment-related service contracts necessary to complete this work. As such, GPD will utilize the Sexual Assault Evidence Submission grant for contractual services related to testing, personnel costs, supplies, and equipment maintenance. The grant funding will be able to provide the resources needed for GPD to ensure full compliance with the state mandate. Once the grant funding is exhausted, GPD will seek additional grant funding and/or absorb the ongoing costs of testing sexual assault kits in the Police Department’s general fund. The grant period is from April 1, 2025, through June 30, 2028.

STAKEHOLDERS/OUTREACH
Grant funds will be used to improve the quality and timeliness of forensic testing services provided to customer agencies and the public.

FISCAL IMPACT
The California Department of Justice Sexual Assault Evidence Submission Grant award in the amount of $125,000, which was not included as part of the FY2025-26 approved budget. Therefore, staff is requesting an appropriation of $125,000 from grant revenue.

The appropriation request is outlined below:

Requesting Appropriation
Amount From (Account
String)
To (Account String) Funding Source
$24,000 GL: 32610-2610-
GPD-0020
PL: GPD01489AG
GL: 41100-2610-
GPD-0020
PL: GPD01489AG
Police Fund - Labor
$100,000 GL: 32610-2610-
GPD-0020
GL: 43110-2610-
GPD-0020
Police Fund –
Contractual
PL: GPD01489AG PL: GPD01489AG Services
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3 $1,000 GL: 32610-2610-
GPD-0020
PL: GPD01489AG
GL: 45350-2610-
GPD-0020
PL: GPD01489AG
Police Fund –
General Supplies
Department Cost Center Program
Police Projects

ENVIRONMENTAL REVIEW (CEQA/NEPA)
This item is considered a ministerial activity and therefore, not subjected to CEQA/NEPA review. There is no possibility that the acceptance of this award may have a significant effect on the environment. (14 Cal. Code Regs. § 15061(b)(3)).

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION

1. Deny the Police Department’s request in which case, expenses related to the testing of the sexual assault kits to be in compliant with SB 22 would be absorbed by the Department.

2. The City Council may consider any other alternative not proposed by staff.

ADMINISTRATIVE ACTION
Submitted by:

Manuel Cid, Police Chief
Prepared by:

Catherine Nguyen, Lab Director
Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None.
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M O T I O N
Moved by Council Member ______________________, seconded by Council Member ___________________, that the Council of the City of Glendale hereby accepts a grant in the amount of $125,000 from the California Department of Justice Sexual Assault Evidence Submission Grant Program. The City Manager or his designee is authorized to execute all necessary agreements, certifications, and documents to accept and implement the grant.

Vote as follows:

Ayes:

Noes:

Absent:

Abstain:
20 of 143

RESOLUTIONNO.

RESOLUTIONOFTHECOUNCILOFTHECITYOFGLENDALE

MAKINGANAPPROPRIATION
BEITRESOLVEDBYTHECOUNCILOFTHECITYOFGLENDALE:

SECTION1:Thatthesumof$125,000isherebyappropriatedand/ortransferredfromthefollowing accountstothefollowingaccounts:

ACCOUNTSDESCRIPTIONFROMTO
32610-2610-GPD-0020-P0000StateGrants,PoliceFund,PoliceDepartment,$125,000 GPDO1489AGProjects,SAESGGrant
41100-2610-GPD-0020-P0000Salaries.PoliceFund,PoliceDepartment,$24,000 GPDO1489AGProjects.SAESGGrant
43110-2610-GPD-0020-P0000ContractualServices.PoliceFund,Police$100,000 GPDO1489AGDepartment,Projects,SAESGGrant
45350-2610-GPD-0020-P0000GeneralSupplies,PoliceFund,Police$1,000 GPDO1489AGDepartment,Projects,SAESGGrant
ToappropriatefundingfortheCaliforniaDepartmentofJusticeSexualAssaultEvidenceSubmissionGrant funds.

SECTION2:TheDirectorofFinanceisauthorizedtomakesuchotherrevisions,individualappropriation line-items!changesinsummaries,fundtotals,grandtotals,andotherportionsofthebudgetdocumentas necessarytoreflectandimplementthechangesspecifiedinthisresolution.

SECTION3:TheCityClerkshallcertifytotheadoptionofthisResolution.

Adoptedthisdayof
________________,
2025.

Mayor
ATTEST:

CITYOFGLENDALE
DATE09/23/2025

APPROVEDASTOFINANCIAL
CityClerkPROVISIONFOR$125,000
DfrectorofFinance
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STATE
OF

CALIFORNIA)
COUNTY
OF
LOS

ANGELES)
SS
CITY
OF

GLENDALE)
I,Suzie
Abajian,
City
Clerk
of
the
City
of
Glendale,
do
hereby
certify
that
the
foregoing
Resolution
No.
was
adopted
by
the
Council
of
the
City
of
Glendale,
California,
at
a
regular
meeting
held
on
the___________
day
of
________________,
2025,
and
that
the
same
was
adopted
by
the
following
vote:

Ayes:Noes:Absent:Abstain:

City
Clerk
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6 4
0 1

AGENDA ITEM

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL
Report: Adopt Specifications for Fire-Life-Safety Maintenance and Support and Building Security System Maintenance and Support and Amend Existing Contract for Citywide Maintenance and Repair of Generators

1. Resolution adopting Specification No. 4028 for Fire-Life-Safety Systems Maintenance and Support for the City of Glendale and directing the City Clerk to advertise for bids.

2. Resolution adopting Specification No. 4029 for Security Systems Maintenance and Support for the City of Glendale and directing the City Clerk to advertise for bids.

3. Motion Amending the existing Citywide Maintenance and Repairs of Generators Contract No. 8001441 with Global Power Group, Inc.

COUNCIL ACTION

EXECUTIVE SUMMARY
The Public Works Department is responsible for the repair and maintenance of Fire-Life- Safety Systems for city buildings including fire alarm panels, smoke detection, fire suppression systems and emergency system lighting. Additionally, the department is responsible for the repair and maintenance of security systems for city buildings including integrated security video systems, security gate controls and intercom systems. Approval to adopt specifications and advertise for these services is needed to engage in new competitive bidding processes to award new five-year building maintenance contracts.

Additionally, approval to increase the contract amount for Global Power Group, Inc. is needed for the continuation of maintenance and repair services for the city’s generators through the contract expiration date of October 31, 2026.

Item Type: Consent Calendar
Approved forOctober 7, 2025 calendar
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2 RECOMMENDATION
Approve the resolutions adopting specifications for Fire-Life-Safety and Security Systems Maintenance and Support directing the City Clerk to advertise for bids; and that the Council approve the motion authorizing the City Manager to amend the existing contract for Citywide Maintenance and Repair of Generators with Global Power Group, Inc., increasing the contract amount by $80,000.

ANALYSIS
The Public Works Department is responsible for the maintenance and repair of fire-life- safety systems at 48 city-owned and operated facilities. These systems include fire alarm panels, smoke detection, fire suppression systems, and emergency exit lighting. These systems are required to be tested and maintained in accordance with National Fire Protection Agency (NFPA) regulations. These systems are monitored by a 24/7 call center that reports alarms to the Glendale Fire Department and city staff.

The proposed contract will be inclusive of all Public Works managed facilities that have fire-life-safety systems including: Alex Theater, Beeline Maintenance Facility, Civic Center Buildings, Fire Stations, Fleet Shops, Integrated Waste, Libraries, Maintenance Yards, Park Facilities, Parking Garages, Police Station, and Water and Power Facilities.

The contractor selected for these services will be required to possess specialized licensing for the maintenance and installation of fire-life-safety systems as well as an Underwriters Laboratory (U.L.) certification for the operation of the alarm communication systems. The contractor will also be filing test reports with Brycer Compliant Engine for tracking deficiencies and systems conditions.

The existing five-year contract for Fire-Life-Safety Maintenance and Support will expire on December 31, 2025. Due to the ongoing regulatory requirements of these systems, and the complexity of bidding process, certifying, and transitioning these services, Public Works will be seeking a new five-year contract for Fire-Life-Safety Maintenance and Support. Based upon past experience in supporting the city’s Fire-Life-Safety systems, the ongoing need for these services and anticipated future costs for these services, Public Works will be seeking a five-year contract for $1,050,000.

Public Works is also responsible for the maintenance and repair of all security systems installed on city property including the installation of integrated security video systems, security gate controls, and intercom systems. These systems are located at the Alex Theater, Beeline Transit Facility, Civic Center Buildings, Fire Stations, Fleet Shops, Integrated Waste, Libraries, Maintenance Yards, Park Facilities, Parking Garages, Police Station, and Water and Power Facilities. Over the past twenty-four years, the city has invested significantly in these systems to better secure our facilities.

The building security systems operate on digital and analog fiber optic, coaxial, and wireless networks. Due to the complexity of equipment and software, these systems are installed and maintained by vendors specializing in fiber optic and low voltage networks, 24 of 143

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3 and security video systems. The selected vendor will provide equipment, materials, installation, maintenance, and programming for the city’s security systems.

The existing five-year contract for Security System Maintenance and Support will expire on December 31, 2025. Based upon past experience in supporting the city’s security systems, ongoing need, and anticipated future costs for these services, Public Works will be seeking a five-year contract for $575,000.

Additionally, Public Works currently has a maintenance contract 8001441 with Global Power Group, Inc. for the citywide maintenance and repair of generators. This contract specifically covers the maintenance and repairs needs for 26 emergency power generators at various city facilities. These units provide a secondary or back-up source of electrical power in the event of a power outage to make sure vital city facilities such as those for utilities and public safety are all operational during adverse conditions.

Contract 8001441 with Global Power Group, Inc. is scheduled to expire on October 31, 2026. Additional funds need to be added to the contract to cover this remaining year of service. These funds are needed due to several costly unforeseen emergency repairs and procurements needed during the contract term in order to keep generator systems operational. This includes replacement of an automatic transfer switch at Fire Station 21 in June 2025 and two emergency generator rentals for Glendale Water and Power in late 2022 and another one upcoming. An additional $80,000 is needed for a new not-to- exceed amount of $641,780.

STAKEHOLDERS/OUTREACH
No public outreach for these ongoing building maintenance projects is anticipated. Public Works will work with various building occupants to minimize the disruption building maintenance work has on city operations and the public.

FISCAL IMPACT
There is no fiscal impact associated with adopting specifications and advertising for bids, at this time. The Fire-Life-Safety Systems Maintenance and Support is estimated to cost $210,000 per year and the Security Systems Maintenance and Support is estimated to cost $115,000 per year. As part of the FY 2025-26 budget, $209,000 was approved for Fire-Life-Safety Systems Maintenance and Support and $40,000 for Security Systems Maintenance and Support. Staff will determine if additional appropriations will be requested at the time of contract award.

The proposed increase to contract 8001441 for citywide maintenance and repair of generators will cost $80,000. The Public Works Department can absorb this cost and therefore no new appropriation is being requested at this time. The funding is outlined on the following page:
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4 Existing Appropriation
Amount Account String Funding Source
$80,000 43110-6070-PWD-7508-P0000 Building Maintenance
Fund
Department Cost Center Program
Public Works Building Maintenance

ENVIRONMENTAL REVIEW (CEQA/NEPA)
This item includes routine monitoring, maintenance and repair activities and is not subject to CEQA review.

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION

1. The City Council may choose not to authorize the proposed resolutions and amendments which will greatly impair the city’s ability to maintain, repair and retain regulatory compliance for the city’s Fire-Life-Safety systems, security systems and backup generator systems.

2. The City Council may consider any other alternative not proposed by staff.

ADMINISTRATIVE ACTION
Submitted by:

Daniel Hernandez, Director of Public Works
Prepared by:

Shea Eccleston-Banwer, Public Works Administrator
Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None.
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1 5
4 1
4 RESOLUTION NO. __________

A RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA

ADOPTING THE PLANS AND SPECIFICATION FOR THE

FIRE-LIFE-SAFETY SYSTEM MAINTENANCE AND SUPPORT FOR THE CITY OF GLENDALE PROJECT, SPECIFICATION NO. 4028, AND DIRECTING THE CITY CLERK TO ADVERTISE FOR BIDS.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE:

SECTION 1.The Plans and Specification on file in the City Clerk’s office for the Fire-Life-Safety Systems Maintenance and Support for the City of Glendale, including the various documents incorporated therein, are hereby approved, adopted, designated and shall hereafter be known as Specification No. 4028.

SECTION 2.The City Clerk is hereby directed to advertise for bids for the work, equipment and materials described in these Plans and Specification adopted by this Resolution.

Adopted this _____ day of ____________, 2025.
____________________________
Mayor, City of Glendale
ATTEST:
__________________________
City Clerk

STATE OF CALIFORNIA )

COUNTY OF LOS ANGELES )

CITY OF GLENDALE )
I, Suzie Abajian, Ph.D., City Clerk of the City of Glendale, certify that the foregoing Resolution No. _____________ was Adopted by the Council of the City of Glendale, California, at a regular meeting held on the _____ day of ___________, 2025, the same was adopted by the following vote:

Ayes:

Noes:

Absent:

Abstain:
___________________________
City Clerk
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1 5
4 1
5 RESOLUTION NO. __________

A RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA

ADOPTING THE PLANS AND SPECIFICATION FOR THE SECURTY SYSTEM

MAINTENANCE AND SUPPORT FOR THE CITY OF GLENDALE PROJECT, SPECIFICATION NO. 4029, AND DIRECTING THE CITY CLERK TO ADVERTISE FOR BIDS.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE:

SECTION 1.The Plans and Specification on file in the City Clerk’s office for the Security System Maintenance and Support for the City of Glendale Project, including the various documents incorporated therein, are hereby approved, adopted, designated and shall hereafter be known as Specification No. 4029.

SECTION 2.The City Clerk is hereby directed to advertise for bids for the work, equipment and materials described in these Plans and Specification adopted by this Resolution.

Adopted this _____ day of ____________, 2025.
____________________________
Mayor, City of Glendale
ATTEST:
__________________________
City Clerk

STATE OF CALIFORNIA )

COUNTY OF LOS ANGELES )

Ayes:

Noes:

Absent:

Abstain:
___________________________
City Clerk
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MOTION
Moved by Council Member , seconded
by Council Member , that the Council of the City of
Glendale authorizes the City Manager, or his designee, to execute a contract change order – subject to approval by the City Attorney – to Contract 8001441 with Global Power Group Inc., for Citywide Maintenance and Repair of Generators, as follows:

1. Increase the contract amount by eighty thousand dollars ($80,000), for a total not- to-exceed amount of six hundred forty-one thousand seven-hundred eighty dollars ($641,780).

Votes as follows:

Ayes:

Noes:

Absent:

Abstain:
______________________
City Clerk
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CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Award Construction Contract for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project

1. Motion authorizing the City Manager or his designee to execute a construction contract with Bedrock Group, Inc. for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project, Specification No. 4016R, in the amount of $1,117,900, plus a 10% reserve for contingencies of $111,790.

COUNCIL ACTION
Item Type: Consent
Approved for October 7, 2025 calendar

EXECUTIVE SUMMARY
Following a formal competitive bidding process, Bedrock Group, Inc. (Bedrock) submitted the lowest responsive bid for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project. The project aims to overhaul the artificial turf field, which is a joint- use field between the city and Glendale Unified School District (GUSD). The existing artificial turf, which was installed in 2014, has exceeded its useful life and needs to be replaced. The cost of the proposed construction contract is $1,117,900 with 10% or $111,790 reserved for contingencies.

RECOMMENDATION
Approve a motion authorizing a construction contract with Bedrock for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project, in the amount of $1,117,900, plus a 10% contingency of $111,790.

ANALYSIS
The grand opening for the previous Pacific Park Artificial Turf project was March 29, 2014.

In the past eleven years, the field has been heavily used by GUSD, the city, and various community groups, resulting in significant wear that necessitates replacement.

The artificial turf multi-purpose field occupies roughly one-acre and is located on the Thomas Edison Elementary School/GUSD property. The city and GUSD jointly use the artificial turf multi-purpose field with the city having use of the field daily during non-school hours, weekends, and GUSD breaks.

Over the years, the field has required numerous repairs. A recurring issue has been seam 31 of 143

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separation, particularly where parallel sections of the turf are stitched together. These seams gradually spread apart, creating visible black lines across the field. Additionally, separation occurs where field markings are stitched or glued on to the field surface. This damage distorts the fields appearance and displaces the infill, creating uneven playing surfaces.

Repairs are generally handled by city staff, or by a contractor for more permanent solutions. Over the past few years, numerous sections have been completely removed and replaced, primarily in high-traffic areas such as in front of the goals.

Per the manufacturer’s specifications, the field should be groomed after 80 hours of use.

Grooming fluffs the fibers to simulate the play and surface of natural grass, spreads the infill and helps remove any dirt or debris. The department hires contractors to perform the grooming twice a year, in addition to scheduling staff as needed. Both contractors and city staff have determined that the surface and fibers are now too degraded and brittle to sustain further grooming.

On March 12, 2024, the City Council approved a new Professional Services Agreement (PSA) with Verde Design Inc., to provide design of new artificial turf.

On April 15, 2025, the City Council adopted the plans and specifications and directed City Clerk to advertise for bids. On May 13, 2025, the Public Works Department hosted a mandatory job walk and three contractors attended. On June 4, 2025, the city did not receive any bids with contractors citing heavy workload for not submitting a bid.

On August 11, 2025, the Public Works Department hosted another job walk, and this time ten contractors attended. On August 27, 2025, the city received five bids as follows:

1. Bedrock Group, Inc. $1,117,900

2. Los Angeles Engineering, Inc. $1,208,000

3. Asphalt, Fabric, & Engineering, Inc. $1,293,615

4. ARC Construction, Inc. $1,329,836

5. Brightview Landscape Development, Inc. $1,399,178
After an extensive review, Public Works staff found that Bedrock submitted a responsive bid and is deemed a responsible bidder. The proposed contract with Bedrock amounts to $1,117,900, with a 10% contingency of $111,790, for a total not-to-exceed amount of $1,229,690. The contingency is requested for unforeseen conditions, since the drainage of the original field failed, the sub-base conditions might be compromised further.

Bedrock has a current State of California General-A, B, and C-27 Contractors Licenses that are active and in good standing. Shaw Sports Turf is the subconsultant that will install the turf and holds the requisite Class D-12 license.

The Project is expected to take three months to complete. To expedite the turf replacement, the project was divided into two phases, with the turf replacement as Phase 32 of 143

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1 (which is the current scope being approved for construction) and the site’s accessibility improvements and raising of the fence on Vine Street as Phase 2. The Engineer’s Estimate for Phase 1 is $1.3M and Phase 2 between $470,000 and $518,000. Phase 2 is anticipated to be ready to bid in June 2026.

Community Development Block Grant (CDBG) Funding
CDBG funds have been reallocated from the Pacific Natural Grass Project to the Pacific Park/Edison School Artificial Turf Replacement Project to better utilize available U.S.

Department of Housing and Urban Development (HUD) funds. This swap ensures timely use of CDBG funding in compliance with HUD guidelines and supports the continuation of the turf replacement project.

STAKEHOLDERS/OUTREACH
The Pacific Park/Edison multipurpose field is a high-use facility with multiple users as listed below:

1. GUSD/Edison Elementary School: Edison Elementary School, with 840 students, uses the field as a playground space on school days from 7:00 a.m. to 4:00 p.m.

The students use the field for physical education seasonally and use it as a space to run and play during recess and lunch.

2. City: The city uses the field daily during non-school hours, weekends, and GUSD breaks for city programs and rentals:
City Programs: Seasonal Day Camps (125 participants per week), One Glendale After School Youth Sports Program’s flag football season and soccer season (240 unduplicated participants per sports season, 120 participants per day).
Private Rentals – Youth: A total of five different youth groups use the field seven days a week. These groups typically use the field from 4:00 p.m. to 8:00 p.m. during the week and throughout the day on Saturday and Sunday.

In addition to weekly practices and training, the youth groups will request additional time to use the field as their “Home Field” during the months of September through November. Combined, these groups represent over 1,100 youth who use the field weekly.
Private Rentals – Adults: There are 11 adult groups who use the field when it is available on weeknights and weekends. The adult groups’ age range from 18 to 60 years old. Weekly, the program accommodates roughly 215 adults, providing opportunities to play soccer, build friendships, and maintain an active lifestyle. In addition to these adults, another 240 adults play in a COED soccer league, on a weekly basis.
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All user groups have expressed support for replacing the multi-purpose artificial turf field. When the field is closed for construction, all impacted users will be notified in advance, and the city plans to accommodate all user groups at Fremont Park while this field is under construction.

FISCAL IMPACT
The Pacific Park/Edison Elementary School Artificial Turf Replacement Project will cost $1,117,900, plus a 10% contingency of $111,790, which was included as a part of the FY 2025-26 adopted budget. The existing appropriation is outlined below:

Existing Appropriation
Amount Account String Funding Source
$271,519 GL: 52100-2010-CSP-0020-P0000
PL: CSP01072CG
CDBG Fund
$324,720 GL: 52100-2010-CSP-0020-P0000
PL: CSP01072DG
CDBG Fund
$633,451 GL: 52100-2010-CSP-0020-P0000
PL: CSP01072EG
CDBG Fund
Department Cost Center Program
Community Services &
Parks
Projects

ENVIRONMENTAL REVIEW (CEQA/NEPA)
This project is Categorically Exempt under the provisions of the California Environmental Quality Act (CEQA) as a Class 2 exemption pursuant state CEQA Guidelines, Section 15302.

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION

1.Do not approve the motion to execute a construction contract with Bedrock which will not improve the condition of the field and lead to continued deterioration.

ADMINISTRATIVE ACTION
Submitted by:

Daniel Hernandez, Director of Public Works
Prepared by:

Arthur Asaturyan, Senior Project Manager
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Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None
35 of 143

MOTION
Moved by Council Member , seconded.
by Council Member , that the Council of the City of
Glendale hereby:

1. Authorizes the City Manager, or a designee, to execute a construction contract – subject to approval by the City Attorney – with Bedrock Group Inc., for the Pacific Park/Edison Elementary School Artificial Turf Replacement Project, Specification No. 4016R, in the amount of $1,111,790.

2. Authorizes a 10 percent reserve for contingency, in the amount of $111,790.

Votes as follows:

Ayes:

Noes:

Absent:

Abstain:

City Clerk
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1 ORDINANCE NO. ______

AN ORDINANCE OF THE COUNCIL OF THE CITY OF GLENDALE,
CALIFORNIA AMENDING ORDINANCE NO. 6025 ESTABLISHING THE

ELECTRIC RATES FOR GLENDALE WATER & POWER FOR FISCAL YEARS 2024 TO 2028 TO IMPLEMENT ADJUSTED AND REDISTRIBUTED
ELECTRIC RATES INCREASES EFFECTIVE NOVEMBER 1, 2025,
NOVEMBER 1, 2026 AND NOVEMBER 1, 2027

WHEREAS, the City of Glendale, through the Glendale Water & Power Department (“GWP”), operates a municipal utility for the distribution of electrical energy to the residents of the City of Glendale; and

WHEREAS, on November 28, 2023 the Glendale City Council adopted Ordinance No. 6016, implementing electric rates for Fiscal Years 2024 through 2028, which took effect on January 1, 2024; and

WHEREAS, on April 2, 2024, the City Council adopted Ordinance No. 6025 which updated the Standby Service Rates and Rider for standard Medium LD-2 and Large Business PC-1 including Time-of-Use (TOU) customers and proposing updates to provide needed benefits and cost savings to the customer through a monthly peak demand instead of a ratcheted 12 month peak demand and proposing extending the standby service rider to the Medium Business Dispatchable and Large Business Dispatchable TOU LD2B and PC1B rates; and

WHEREAS, on June 3, 2025, the City Council adopted Resolution No. 25-80, whereby it deferred the July 1, 2025 Electric Rate adjustment to November 1, 2025 and directed GWP to adjust and redistribute the 11.3% average adjustment scheduled to take into effect on July 1, 2025 as follows: 5% effective November 1, 2025; 2.95% effective November 1, 2026; and 2.95% effective November 1, 2027, and directed staff to return in advance of November 1, 2025 with an Ordinance with updated rates reflecting the authorized rate adjustment and redistribution; and

WHEREAS, staff, in the Report dated September 30, 2025 by the General Manager of GWP, has presented adjusted and redistributed electric rates for the remaining three years of the current Cost of Service Analysis (COSA) for implementation effective November 1, 2025, November 1, 2026 and November 1, 2027 as presented in the Rate Table attached hereto as Exhibit A; and

WHEREAS, the City Council has considered the reports and testimony of staff and the comments of the public regarding the same; and

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2 WHEREAS, the COSA and proposed rate plan reflect previously approved law and legislative direction of the present and former City Councils including: (i) the requirements of Article Xl, Section 22 of the Glendale City Charter, which was approved by the voters in 1949 and has remained in the City Charter since that date; and (ii) the Public Benefits Charge set forth in Section 13.44.425 of the Glendale Municipal Code, which was first approved in 1997 as required by state law and subsequently amended in 1998, 1999, 2001, 2006 and 2008 and has remained in the Glendale Municipal Code, 1995 (“GMC”) without change since 2008; and

WHEREAS, the proposed electric service rates and charges, as set forth in Ordinance 6025 and as amended by this Ordinance, have been calculated on the basis of the reasonable costs incurred by GWP to provide electric service to GWP’s customers; and

WHEREAS, the proposed electric service rates and charges constitute charges imposed for one or more of the following reasons: (1) a specific City benefit conferred or privilege granted (California Constitution, Article XIIIC, §1(e)(1)) and/or (2) a City service or product (California Constitution, Article XIIIC, §1 (e)(2)).

WHEREAS, the proposed Ordinance is being presented for introduction on September 30, 2025 with anticipated adoption on October 7, 2025, which will make the effective date November 6, 2025; and

WHEREAS, because the Ordinance will reduce and redistribute the rates that would otherwise go into effect on November 1, 2025, the proposed Ordinance shall apply the redistribution retroactively to November 1, 2025 in order for the proposed adjusted and redistributed electric rates for the remaining three years of the current COSA to be implemented effective November 1, 2025, November 1, 2026 and November 1, 2027 as presented in the Rate Table attached hereto as Exhibit A.

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE
CITY OF GLENDALE:

SECTION 1. Notice of public meetings at which this Ordinance was considered was properly given, and all oral and written presentations made to and heard by the City Council were properly considered.

SECTION 2. There is a reasonable relationship between the rates to be charged for the provision of various City services and the City’s costs in providing those services.

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3 SECTION 3. The adjustment and redistribution which amends the Electric Rates attached hereto as Exhibit “A” and incorporated herein by reference:
a) D
o not exceed the actual or estimated reasonable costs to the City for providing the services to which the fees related; b) A
re reasonable and necessary to enable the City to provide the benefit or privilege, service or product to which they related; and c) H
ave been allocated in a manner such that the costs to the payor bear a fair and reasonable relationship to the payor’s burden on, or benefits received, from the City.

SECTION 4. Compliance with California Environmental Quality Act.

The City Council finds and determines that this Ordinance is not subject to the California Environmental Quality Act (“CEQA”). Pursuant to CEQA Guidelines Section 15273, CEQA does not apply to the establishment, modification, structuring, restructuring, or approval of rates, tolls, fares, and other charges by public agency which the public agency finds are for the purpose of (1) meeting operating expenses including employee wage rates and fringe benefits, (2) purchasing or leasing supplies, equipment or materials, (3) meeting financial reserve needs and requirements, (4) obtaining funds for capital projects, necessary to maintain service within existing service areas, or (5) obtaining funds necessary to maintain such intra-city transfers are authorized by City Charter.

As set forth in the Report dated March 26, 2024 by the General Manager of GWP, the electric rate increases which were approved via Ordinance No. 6106 and those which are being recommended for approv al are for the express purposes of meeting existing operating expenses of GWP, purchasing supplies, equipment or materials necessary to operate the utility, funding certain c apital improvements necessary to supply electricity to the residents and businesses within Glendale’s service area, and to ensure the Glendale City Charter authorized intra-city transfer can be maintained.

SECTION 5. The City Council hereby adopts the amendments proposed herein and the electric rate schedule as set forth in Exhibit “A”, attached hereto and incorporated herein by reference.

SECTION 6. The City Council also directs that future electric rate implementations be authorized by City Council Resolution, unless otherwise required by applicable law.

SECTION 7. Severability. This Ordinance is adopted under the authority of the Charter of the city of Glendale and State law. If any section, subsection, clause or phrase is declared invalid or otherwise void by a court of competent jurisdiction, it shall not affect any remaining provision hereof. In this regard the City Council finds and declares that it would have adopted this measure notwithstanding any partial invalidity hereof.
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4 SECTION 8. Effective Date. This Ordinance shall take effect and be in force thirty (30) days after the date of its passage.

SECTION 9. Retroactive Implementation of Redistribution and Application of Rate Schedule. The electric rate schedule as set forth in Exhibit “A”, attached hereto and incorporated herein by reference shall be implemented and applied retroactively to November 1, 2025 for the remaining three years of the current COSA with implementation effective November 1, 2025, November 1, 2026 and November 1, 2027 as presented in the Rate Table attached hereto as Exhibit A.

Passed by the Council of the City of Glendale on the _____ day of _______________, 2025.

____________________________
Mayor

ATTEST:

_________________________
City Clerk

STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.

CITY OF GLENDALE )

I, Suzie Abajian Ph.D., City Clerk of the city of Glendale, certify that the foregoing Ordinance No. ___________ was passed by a majority vote of the Council of the city of Glendale, California, at a regular meeting held on the _____ day of _____________, 2025, and that the same was passed by the followed vote.

Ayes:

Noes:

Absent:

Abstain:

______________________________
City Clerk
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EXHIBIT A
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CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Introduction of Ordinance Amending Ordinance No. 6025 Establishing the Electric Rates for Glendale Water & Power for Fiscal Years 2024 to 2028 to Implement Adjusted and Redistributed Electric Rates Increases effective November 1, 2025, November 1, 2026 and November 1, 2027.

COUNCIL ACTION
Item Type: Action Item
Approved for September 30, 2025 Calendar

EXECUTIVE SUMMARY
The City Council adopted the last electric rate increase for ratepayers in November 2023. The rates were based on a COSA covering a five-year period from fiscal year 2024 through fiscal year 2028. The Council approved a three-year rate increase averaging 14.8% effective January 1, 2024; 11.3% effective July 1, 2024; and 11.3% effective July 1, 2025, with no rate increases in the final two years. Understanding the impact that the rates implemented to date had on customers’ utility bills, GWP staff made every effort to mitigate the impact of the final scheduled adjustment. After a careful analysis of cash balances, reserves, and projected revenues from non-rate sources, GWP staff recommended deferring the July 1, 2025 11.3% rate increase to November 1, 2025, and redistributing the increase as follows: 5% effective November 1, 2025; 2.95% effective November 1, 2026; and 2.95% effective November 1, 2027.

On June 3, 2025, the City Council adopted Resolution No. 25-80 whereby it approved GWP’s deferral and redistribution plan. This approach shifts the adjustment implementation to occur after the peak customer usage season, reducing impacts on customer bills. It also enables the Utility to recover the revenue necessary to support operations and capital projects within the COSA timeframe. Due to time constraints, only the general system average rates were presented at that time. Therefore, GWP staff is now returning to Council with the proposed rate changes by customer class, following coordination with the COSA consultant, NewGen Strategies. 51 of 143

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The proposed ordinance will be presented for introduction on September 30, 2025 with anticipated adoption on October 7, 2025, which will make the effective date November 6, 2025. Because the ordinance will reduce and redistribute the rates that would otherwise go into effect on November 1, 2025, the proposed ordinance includes a provision to apply the redistribution retroactively to November 1, 2025 consistent with City Council’s direction.

RECOMMENDATION
Introduce an ordinance for the proposed redistribution of the planned 11.3% average rate adjustment - originally scheduled to take effect on July 1, 2025 - to November 1, 2025; November 1, 2026; and November 1, 2027, using the new customer class rates proposed by the City’s COSA consultant. The deferral, which was approved by Council on June 3, 2025, is intended to provide relief to ratepayers during the peak summer months, when energy usage and customer bills are typically at their highest. By spreading the adjusted increases over three years, the proposed redistribution reduces the financial impact on customers by avoiding a single, large rate increase. With the deferral and redistribution using the proposed customer class rates, total revenue received and projected will remain sufficient to support the utility’s financial obligations, including debt service payments, compliance with debt coverage ratio requirements, and maintaining an adequate number of days cash on hand.

Since these rates were originally adopted by ordinance, this proposed modification also needs to be adopted by ordinance. Staff is recommending that future establishment of rates be adopted by a resolution for process efficiency.

ANALYSIS
GWP’s last electric rate increase for Glendale ratepayers was adopted by City Council on November 14, 2023. Council approved a three-year rate increase averaging 14.8%,

11.3%, and 11.3%, which took effect on January 1, 2024, and July 1, 2024, with the final increase originally scheduled for July 1, 2025, respectively. These rate increases were designed to support the Grayson Repowering Project and provide partial funding for the Scholl Canyon Biogas Renewable Generation Project, City solar initiatives, and Glendale’s efforts toward fleet and building electrification. They also help offset rising costs associated with wholesale power purchases, renewable energy development, and fuel. Many of the financial commitments for these capital projects were expected to or did occur during the first three years of the COSA period, and since bonds were issued to cover those costs, most of the rate increases also needed to occur during that time to comply with bond covenants.

The deferral and redistribution of the final average 11.3% rate increase is projected to reduce retail revenues by approximately $24.2 million in fiscal year 2026, $13.1 million in fiscal year 2027, and $3.9 million in fiscal year 2028- a total reduction of $41.2 million compared to the original revenue estimates in the 2023 Cost of Service Analysis.
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The Electric Fund is able to absorb the impact of these revenue reductions for the following reasons:
Actual and projected revenues from sales to other agencies, interest income, and sales of carbon allowance credits are now expected to exceed original forecasts.
The actual expenses realized and projected for purchased power and natural gas are now anticipated to be lower than originally forecasted. Delay in Capital expenditures on projects resulted in higher-than-anticipated cash balances yielding higher interest revenue from invested funds.

On June 3, 2025, the City Council approved GWP’s recommendation to defer the July 1st increase and implement adjustments of the rate increases utilizing general system average rates for fiscal years 2025-2026, 2026-2027 and 2027-2028, with the understanding that GWP staff would return to Council with rate adjustments by customer class for formal adoption. NewGen Strategies, the city’s COSA consultant subsequently updated the COSA for fiscal years 2025-2026, 2026-2027, and 2027-2028 to determine the appropriate rate adjustments by customer rate class. The updated analysis confirms that the proposed deferral and redistribution of the 11.3% average rate adjustment remains in line with the City’s overall cost recovery obligations. The table below presents the results of the COSA analysis by customer rate class while meeting obligations set forth in Proposition 26 (see Exhibit A).

Rate Adjustments by Customer Rate Class
If the proposed ordinance is introduced at this meeting and is adopted on October 7, 2025, it will be effective on November 6, 2025. Because the proposed ordinance will reduce and redistribute the rates that would otherwise go into effect on November 1, 2025, the proposed ordinance includes a provision which makes the implementation of the proposed adjusted and redistributed rates retroactive to November 1, 2025.

STAKEHOLDERS/OUTREACH
N/A
R ate Class 11/1/2025 11/1/2026 11/1/2027 Cumulative
O verall S ystem 5.00% 2.95% 2.95% 11.30%
R esidential 6.10% 3.58% 3.58% 13.80%
S mall Business 5.63% 3.27% 3.27% 12.70%
M edium Business 3.29% 1.95% 1.95% 7.40%
Large Business 4.23% 2.50% 2.50% 9.50%
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FISCAL IMPACT
The proposed deferral and redistribution of the system average rates by customer class, as outlined in the report, is estimated to reduce revenues by approximately $41.2 million over the three-year period. However, this reduction in revenue can be absorbed within the existing COSA due to higher-than-forecasted non-rate revenues and savings in Purchased Power expenditures.

ENVIRONMENTAL REVIEW
The action requested herein is ministerial and thus not a project for the purposes of California Environmental Quality Act; therefore, CEQA does not apply.

ALTERNATIVES
Alternative 1: Not introduce the Ordinance amending Ordinance No. 6025 establishing the Electric Rates for Glendale Water & Power for Fiscal Years 2024 to 2028 to Implement Adjusted and Redistributed Electric Rates Increases effective November 1, 2025, November 1, 2026 and November 1, 2027, in which case, rate adjustments will default to the originally adopted rate increases approved in November 2023 of 11.3% on average for Fiscal Year 25-26.

Alternative 2: Consider other alternatives not proposed by staff.

ADMINISTRATIVE ACTION
Submitted by:

Scott K. Mellon, P.E., General Manager - Glendale Water & Power Prepared by:

Adrine Isayan, Assistant General Manager - Finance & Risk Management David Davis, Utility Finance Manager
Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS / ATTACHMENTS
Exhibit A: Rate Table
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EXHIBIT A
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Some people who received this message don't often get email from [email protected]. Learn why this is important
From: City Council
To: Simon, Jinette
Cc: Adjemian, Aram; Abajian, Suzie
Subject: FW: Public Comment re: 9/23/25 Agenda Item #4 (GWP Electric Rates) Date: Monday, September 22, 2025 5:26:35 PM

From: City Council
Sent: Monday, September 22, 2025 5:23 PM
To: Simon, Jinette <[email protected]>; Suzie Abajian <[email protected]> Subject: FW: Public Comment re: 9/23/25 Agenda Item #4 (GWP Electric Rates)

From: Grace Z. Vivas <[email protected]>
Sent: Friday, September 19, 2025 9:53 AM
To: City Council <[email protected]>
Subject: Public Comment re: 9/23/25 Agenda Item #4 (GWP Electric Rates)

CAUTION: This email was delivered from the Internet. Do not click links, open attachments, or reply if you are unsure as to the sender.

Good Morning Honorable Members,

I am a Glendale resident and homeowner, and I am writing to express my deep concern and frustration with the rapidly increasing electric rates and fees charged by Glendale Water and Power.

My most recent utility bill, covering 7/8/2025 to 9/6/2025, was over $1,000 for my small single family home. Of that, approximately $720 was the electricity portion, including a $45 customer charge. That fee alone amounts to $274 annually, simply to be connected to the system -- regardless of whether I use 1 kWh or 30 kWh per day. This is excessive and unreasonable.

Similarly, there is an additional $0.89 daily charge simply to be connected to the water line -- regardless of how much water is used.

Even more troubling are the High Season electricity rates of 0.2863, 0.3549, and 0.4238 per kWh from July through October. By comparison, Burbank Water and Power charges a $14.25 customer service fee and rates as low as 0.0294 for the first 300 kWh and 0.1071 for all additional kWh: https://www.burbankwaterandpower.com/electric/rates-and-charges .
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Glendale residents are paying three to four times as much as our neighbors in Burbank for the same electricity. This is not only unfair, but it is unaffordable. It is disheartening that Glendale City Council has allowed such steep increases without sufficient consideration of the economic burden on residents.

I support Agenda Item #4 to adjust and redistribute the remaining electric rate increases through 2027. However, most of the harm has already occurred, with compounded increases of 14.8%, 11.3%, and 11.3% in just the last year and a half. Not only should these rate hikes be slowed, but they should be reversed
. Glendale families deserve relief.

Respectfully,
Grace Vivas, Esq.

Glendale Resident and Homeowner
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Some people who received this message don't often get email from [email protected]. Learn why this is important From: City Council
To: Simon, Jinette; Abajian, Suzie
Cc: Adjemian, Aram
Subject: FW: Public Comment Regarding Item #4 for Meeting on September 23, 2025 (GWP Electricity Rates) Date: Monday, September 22, 2025 5:19:34 PM

From: Dina Issagholi <[email protected]>
Sent: Monday, September 22, 2025 12:41 PM
To: City Council <[email protected]>
Subject: Public Comment Regarding Item #4 for Meeting on September 23, 2025 (GWP Electricity Rates)

CAUTION: This email was delivered from the Internet. Do not click links, open attachments, or reply if you are unsure as to the sender.

Good morning,

My name is Dina Issagholi and I have been a resident in Glendale for nearly 3 decades. My parents have resided in and been homeowners in Glendale for over 3 30 years. Please consider this letter as an expression of my deep concern and frustration with the increasing electric fees charged by Glendale Water and Power.

Our most recent utility bill which covered the time frame of July 8, 2025 to September 6, 2025 was for a total of $1,781.20. We live in a small, single family home consisting of less than 2,000 square feet in size. Of that entire bill, there is a fee of $204.66 for "Services By Other City Departments," without further detail. We believe we should not be responsible for this type of fee as we already pay high premiums for the electricity, water, and applicable taxes. This total amount is extremely high and unreasonable considering the already heightened fees for electricity. Our previous total (from July 2025) was $1,309.17. A jump of over $400 in just a couple of months is unacceptable and unjustified.

The most important and unreasonable part of this situation is the high season electricity rates from July to October. This amount is high compared to Burbank Water and Power which charges rates as low as 0.0294 for the first 300 kWh and 0.1071 for all additional kWh.

Compared to our neighboring city (Burbank), Glendale residents pay almost 4 times as much for essentially identical electricity. It is extremely unaffordable and most residents in this city continue to face hardships in affording these rates.
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I support item #4 on the agenda to adjust and redistribute the remaining electric rate increases through 2027. Though much of the damage has already been done, the increases should decrease.

We appreciate your time.

Best,
Dina Issagholi, Esq.

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9a
25-88750

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: City of Glendale Investment Policy

1. Resolution adopting the City Investment Policy for Fiscal Year 2025-2026

COUNCIL ACTION
Item Type: Action Item
Approved for October 7, 2025 calendar

EXECUTIVE SUMMARY
The City Treasurer presents for City Council review and acceptance the Investment Policy of the City for Fiscal Year 2025-2026.
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25-88750
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RECOMMENDATION
Review and adopt the City Investment Policy for Fiscal Year 2025-2026.

ANALYSIS
Background: Annually, the City of Glendale’s City Treasurer is required to present the annual Investment Report to the City Council in a public meeting and recommend any changes to the Investment Policy, which was last approved in November of 2024.

Currently, there are no proposed changes.

STAKEHOLDERS/OUTREACH
N/A

FISCAL IMPACT
There is no fiscal impact associated with this report.

ENVIRONMENTAL REVIEW (CEQA/NEPA)
N/A

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION
The City Council may consider any other alternative.

ADMINISTRATIVE ACTION
Submitted by:

Rafi Manoukian, City Treasurer
Prepared by:

Marie Boyadjian, Treasury & Investment Services Operations Specialist Approved by:

Roubik R Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
Investment Policy of the City of Glendale
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RESOLUTION NO. __________________

RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA

APPROVING THE INVESTMENT POLICY FOR THE CITY TREASURER

INVESTMENT OF CITY FUNDS
WHEREAS, the Council of the City of Glendale has previously adopted an Investment Policy for the City Treasurer in the Investment of City Funds; and WHEREAS, it is in the best interest of the City from time to time to review, revise and if necessary, readopt the Investment Policy, and
WHEREAS, both the City Treasurer and Investment Policy Advisory Committee have determined that a revision to the policy is appropriate to better diversify the Investment Policy of the City of Glendale.

NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA:

SECTION 1. That the Investment Policy of the City of Glendale, as revised dated September 30, 2025, is hereby approved and adopted as the Investment Policy of the City of Glendale.

SECTION 2. The City Treasurer shall retain a copy of the Investment Policy in the office of the City Treasurer.

Adopted this _____________ day of ___________, 2025.
________________________________________
M a y o r
ATTEST:
___________________
City Clerk
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STATE OF CALIFORNIA )

COUNTY OF LOS ANGELES
) SS

CITY OF GLENDALE )
I, SUZIE ABAJIAN, City Clerk of the C ity of Glendale, do hereby certify that the foregoing Resolution No. ___________ was adopted by the Council of the City of Glendale, California, at a regular meeting held on the ___30th___ day of _September_, 2025, and that same was adopted by the following vote:

A y e s :

N o e s :

A b s e n t :
________________________
C i t y C l e r k
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1 INVESTMENT POLICY OF THE CITY OF GLENDALE, CALIFORNIA September 2025

SECTION 1. PURPOSE

The purpose of this policy statement is to set forth the investment and operational policies for the management of the public funds of the City of Glendale, California. These policies have been adopted by, and can be changed only by, a majority vote of the City Council.

These policies are designed to ensure the prudent management of public funds, the availability of operating and capital funds when needed, and an investment return competitive with those of comparable funds and financial market indexes.

A copy of this statement will be provided to all investment dealers and investment managers doing business with the City of Glendale, and will be provided to other interested pa rties on request. Receipt of this policy, including confirmation that it has been revi ewed by persons dealing dir ectly with the City of Glendale’s account will be received prior to any organi zation providing investment services to the City of Glendale.

SECTION 2. STATUTORY AUTHORITY

City of Glendale Charter (Article XI, Section 2) provi des that “The City Treasurer shall receive and safely keep and pay out as directed in this Charter all moneys belonging to the city and all moneys received by or coming in to the hands of any officer, board, department or employee of the city and shall keep an exact account of receipts and disburse ment.” California Stat e Government Codes S ection 53607 and 53608 provide the authority for the legislative body of the local agency to invest the fund s of the local agency or to delegate the full responsibility to the treasurer of the local agency. As per Resolution No. 16,949, dated 14 September 1971, the elected City Tr easurer of the City of Glendale is authorized to invest and reinvest City funds and to sell or exchange securities so purchased.

SECTION 3. ORGANIZATION

The organization of the investment functions of the City of Glendale shall consist of the City Council, the City Treasurer and an Investment Policy Advisory Committee. The responsibilities of these groups are as follows:

1. The City Council

This group is the elected body responsible for the administration and investment of the investment assets of the City of Glendale. To assist them in discharging their responsibilities, the City Council shall supervise the actions of the elected City Treasurer as chair of the Investment Policy Advisory Committee.

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2 SECTION 3. ORGANIZATION (Continued)

2. The Elected City Treasurer

The elected City Treasurer is the investment officer of the City of Glendale and is granted full authority and responsibility by the City Council in the purchase, sale, assignment, exchange and transfer of securities and for the safe custody of security holdings, subject to Council policies, rules, regulations and directives consistent with regulatory and statutory limitations. In the absence of the City Tr easurer, the Deputy City Treasurer shall perform the duties of investment as directed by the City Tr easurer. The City Charter provides for the replacement of the elected City Treasurer in case of death or permanent disability.

3. The Investment Policy Advisory Committee

The Investment Policy Advisory Committee is presently composed of seven (7) members: The elected City Treasurer as chairperson, the City Manager or his/her designee, the Director of Finance and Administrative Services, the Internal Auditor, a Department Head designated by the City Manager, a City Attorney representative, and a citizen representative. The co mmittee reviews the monthly reports presented to the City Council and confers with the City Treasurer if ther e are any concerns that need to be addressed. (See Committee Charter for further information concerning the duties of the committee.)

SECTION 4. INVESTMENT PHILOSOPHY

Except where specifically directed by the State Constitution, statutes, or regulations, the general investment policies of the City of Glendale will be guided by the “prudent investor” rule. Those with investment responsibility for public funds are fiduciaries and, as such, “shall exercise the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds,” considering probable safety of their capital first as well as probable income. Public funds for the City of Glendale will be pooled for maximum investment objective. This policy is applicable, but not limited to all funds listed below:

General Fund Monies
Electric Funds Monies (not Bonds)
Water Fund Monies (not Bonds)
Capital Outlay Fund
Sewer Funds
Refuse Fund

Redevelopment Bonds, Bond reserve funds, deferred compensation and retirement funds are directed by the Director of Finance and Administrative Services via Trust Agents.

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3 SECTION 5. INVESTMENT OBJECTIVES

The investment objective is as follows:

a. Objective - The primary investment objectives of this portfolio are preservation of principal and liquidity; income or yield is a SECONDARY objective.
b. Risk tolerance - Because most of the principal of the fund will be paid out over the course of the fiscal year, volatility of principal is not permitted. Financial risk is no t acceptable, and because of the short investment time horizon of the funds, exposure to in terest rate risk and purchasing power risk will be minimal.
c. Rate of return - The annual time-weighted rate of return of this portfolio should at least meet the annual total return on three-month Treasury bills.
d. ESG Responsibilities - In addition to and subordinate to the Safety, Liquidity, and Yield investment objectives, investments that support sound environmental, social and governance (ESG) objectives are also considered. Investment s in entities that support these objectives through practices that emphasize the following:
 Environmental consideration such as Climat e Change, Carbon Emissions, Air and Water Pollution, Deforestation and Energy Efficiency.
 Social Considerations such as Community Relations, Diversity, Labor Standards and specifically Human Rights.
 Governance considerations such as Board Composition, Corruption and Lobbying that does not align with the city’s ESG policy.

There is no one specific and exhaustive list of ESG issues that should be considered, the specifics above are a baseline, and additional is sues should be considered from a moral and ethical perspective. Specific issues that will be considered include refraining from investments in entities that engage in direct production and/or drilling of fossil fuels, entities that lobby and deny the Holocaust and Genocide and entities that discriminate based on race, color, religion, sex (including gender identity, sexual orientation) national origin, age or disability.

SECTION 6. INVESTMENT POLICY GUIDELINES

Prohibited Investments include:

a. Loans with an agreement for the collateral to be re purchased by the borrower (repurchase agreements from the perspective of the public body).

b. Futures and options for the sole purpose of hedging interest rate risk.

c. Purchases on margin or short sales.

d. Derivative securities that are, in effect, a leveraged bet on future movements of interest rates or some price index. Collateralized Mortgage Obligations (CMO’s), because of their complexity and prepayment rate uncertainty.

e. Lending securities with an agreement to buy them back after a stated period of time (reverse repurchase agreements from the perspective of the public body).

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4 SECTION 9. REPORTING REQUIREMENTS (Continued)

SECTION 7. EXECUTIONS

The responsibility for the execution of security transactions shall rest with the elected City Treasurer and/or his/her designated deputy/staff. The selection of the broker-dealer/securities trad er shall be on a best execution basis as determined by the City Treasurer.

Security orders shall be placed on the basis of accepted investment practices. A periodic review of the capital adequacy of institutions shall be undertaken by the elected City Treasurer.

Receipts for the confirmation of trades of authorized securities will include information on trade date, par value, maturity, interest rate, price, yield, settlement date, description of securities purchased, agency’s name, amount due, and third-party custodial inform ation. Confirmations will be received within three business days after the trade.

SECTION 8. PERSONAL CONDUCT

The City Council of the City of Glendale is acutely aware of the responsibilities that the staff has in administering the investment assets of the City of Gl endale. Therefore, the inte grity of the staff and all others involved in making investment decisions must be unquestioned.

Members of the City Council, the City Manager, De partment Heads, members of the investment staff, members of the Investment Policy Advisory Committee and other city committees or commissions may not have a direct or indirect interest in or gains or profits of any investment made by the City of Glendale and may not receive any pay or emolument for services ot her than as designated compensation and authorized expenses.

City of Glendale’s assets shall be governed in their personal investment activities by the codes of conduct established by the applicable state statutes, the National Association of Securities Dealers (NASD), and the Securities and Exchange Commission (SEC), and the code of Ethics and Standards of professional conduct of the Association for Investment Management and Research.

All persons responsible for investment decisions or who are involved in the management of the City of Glendale’s assets are prohibited from accepting invitations to functions if the cost is borne by the brokers or dealers, corporations, or the system local clearing banks. Exceptions to this rule are invitations that have been extended to other members of the investment community and are made for the express purpose of presenting topics pertinent to the investment of the City of Glendale’s assets.

SECTION 9. REPORTING REQUIREMENTS

A. Monthly

The City Treasurer shall submit a written monthly investment report to the City Council, the City Manager, the Investment Policy Advisory Committee, the Director of Finance and Administrative Services, the Internal Auditor, and the General Accounting Section.

Items required in that report include:

 Type of Investment
 Name of Issuer
 Date of Purchase
 Date of Maturity
 Cost of security or amount of deposit
 Par Value
 Market Value
 Book Value
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5 SECTION 9. REPORTING REQUIREMENTS (Continued)

 Effective Rate of Return
 Accrued Interest
 Average maturity
 All investment transactions
 Statement relating that the report adheres to the current investment policy  Statement that there are sufficient funds to meet the next six month obligations

B. Quarterly

The City Treasurer shall submit a written quarterly investment report to the City Council. The detailed monthly investment report satisfies as the quarterly report. Distribution as indicated in Section 9A of this policy.

C. Annually

Annually the City Treasurer shall appear before the City Council to submit the annual investment report, which will include a review of the past year, and a general decision of strategies for the coming year.

SECTION 10. CASH AND INVESTMENT INSTRUMENTS

City active and inactive deposits may be kept in checking accounts and savings accounts at financial institutions as identified in California State Govern ment Code Section 53648 provided that they are adequately secured with proper collateral as prescribed by Government Code Sections 53656 and/or 53658.

Funds may be automatically swept from the above accounts into investment instruments provided those investment instruments are allowable investments as liste d in this section, and limited to the percentage of investment participation prescribed for each investment instrument.

Allowable investments for the portfolio of the City of Glendale are limited by California State Government Code Sections 53601 et seq.; 53635. They are further restricted by the City Treasurer’s investment strategy. Percentages of Investment Participation an d percentages of Maximum Participation apply at the time of purchase. Purchase transactions may not ex ceed $10,000,000, nor exceed five-year maturities.

Exceptions can only be approved by City Council. The investment instruments and percentage of participation permitted by this policy are:

 U.S. Treasury Securities

United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest.

Maximum Maturity: 5 Years

Investment Participation: 100%
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SECTION 10. CASH AND INVESTMENT INSTRUMENTS (continued) 6 

 Federal Agencies Securities

Obligations issued by banks for cooperatives, federal land banks, federal intermediate credit banks, federal home loan banks, the Federal Home Loan Bank Board, the Tennessee Valley Authority, or in obligations, participations, or other instruments of, or issued by, or fully guaranteed as to principal and interest by, the Federal National Mortgage Associati on; or in guaranteed portions of Small Business Administration notes; or in obligations, participations, or other instruments of, or issued by, a federal agency or United States government-sponsored enterprise.

Maximum Maturity: 5 Years

Investment Participation: 100%

 State of California and California Local Agencies

Registered California warrants, treasury notes or bonds of this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled or operated by the state or by a department, board, agency, or authority of the state.

Bonds, notes, warrants or othe r evidences of indebtedness of an y local agency within California including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency. Investments under this section must be ra ted “A” or better by a nationally recognized rating service.

Investment Participation: 15%

Maximum Exposure: 5% per Issuer

 Obligations of Other States

Registered treasury notes or bonds of any of the other 49 states, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states.

Investment Participation 10%

Maximum Exposure 5% per Issuer
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SECTION 10. CASH AND INVESTMENT INSTRUMENTS (continued) 7  Medium Term Notes

Medium term notes, defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Notes eligible for investment under this subsection must be rated “A+” or better by a nationally recognized rating service.

If the credit rating of a security falls below the “ BBB” grade, it must be sold and removed from the City Portfolio unless the City Council approves the City Treasurer’s recommendation that the security should be retained. City Treasurer will monitor and report status of such security to City Council at each Quarterly Review.

Maximum Maturity: 5 Years

Investment Participation: 30%

Maximum Exposure: 5% per Issuer

 Commercial Paper

Commercial Paper ranked A-1, P-1, F-1 by one of th e major rating agencies and issued by a domestic corporation having assets in excess of $500,000,000 and having an “A” or better rating on its long-term debentures as determined by a recognized national rating agency.

Maximum Maturity: 270 Days

Investment Participation: 25%

Credit Requirement A-1, P-1, F-1 (Per Moody’s/ S & P/ Fitch)

 Bankers’ Acceptances-Domestic/Foreign

Bills of exchange or time drafts drawn on and accepted by a commercial bank, typically created from a letter of credit issued in a foreign trade transaction. Eligibility is limited to U.S. banking corporations.

Maximum Maturity: 180 Days

Investment Participation: 30%

Maximum Exposure: 10% per bank

Credit Requirement: A-1, P-1, F-1 (Per Moody’s / S&P/ Fitch) 79 of 143

SECTION 10. CASH AND INVESTMENT INSTRUMENTS (continued) 8  Time Deposits (FDIC Insured or Collateralized Certificates of Deposits)

Time deposits, non-negotiable and collateralized in accordance with the California Government Code, may be purchased through banks or savings and loan associations. No more than 10% of the investment portfolio may be invested in this investment instrument.

Maximum Maturity: 1 Year

Investment Participation: 10%

Maximum Exposure: 5% per Issue

 Negotiable Certificates of Deposit

Negotiable certificates of deposit i ssued by a nationally or state-char tered bank, a savings association or a federal association, a state or federal credit unio n, or by a state-licensed branch of a foreign bank.

Purchases of negotiable certificates of deposit may not exceed 30 percent of the agency’s money which may be invested pursuant to this section.

Maximum Maturity: 1 Year

Investment Participation: 30%

Maximum Exposure: 5% per Issuer

Credit Requirement: A-1, P-1, F-1 (Per Moody’s / S&P/ Fitch)

 Money Market Mutual Funds

California Government Code Section 53601 (k) permits public agencies to invest 20% of their portfolio in mutual funds or money market. The City chooses to use money market mutual funds as described in California Government Code Section 53601 (k) (2), to the exclusion of other types of mutual funds. Money market funds are limited to a maximum dollar-weighted average maturity of 90 days; each investment must have a remaining maturity of thirteen months or less at time of purchase; and the fund must strive to maintain a constant net asset value of $1.00. These restrictions are designed to protect assets from a loss in value that can result from substantia l increases in interest rates.

The California Government Code Section 53601 (k) (2) permits public agencies to invest in “shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.) as long as the comp any shall have met either of the following criteria:
(A) Attained the highest ranking or the highest letter and numerical rating provided by not less than two nationally recognized statistical rating organizations or (B) Retained an investment advisor registered or exempt from registration with the Securities and Exchange Commission with no less than five years’ experience investing in the securities and obligations authorized by subdivisions (a) to (j), inclusive, or subdivisions (m) or (n) and with assets under management in excess of five hundred million dollars ($500,000,000).

Investment Participation: 20 %
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SECTION 10. CASH AND INVESTMENT INSTRUMENTS (continued) 9  LAIF (Local Agency Investment Fund), State of California Investment Pool

A pooled investment fund managed by the State, which operates like a money market fund for the exclusive benefit of governmental entities within California.

Investment Participation: Maximum (Set by the State)

 Los Angeles County Treasury Pool

A pooled investment fund managed by the Los Angeles County Treasurer’s Office, which operates like a money market fund for the exclusive benefit of governmental entities within Los Angeles County.

Investment Participation: 10%

SECTION 11. INTERNAL CONTROLS

A system of internal controls will be maintained to assure compliance with Federal and State regulations, city council direction, and prudent cash management procedures.

1. Investment Policy Advisory Committee Review. Quarterly review of procedure and adherence to this Investment Policy will be performed.

2. Separation of Duties. Every care will be taken to ensure that investment duties will be conducted according to this policy. Reportin g of the investment transactions will be conducted by the Deputy City Treasurer within the investme nt tracing system. All transactions , interest received, etc. will be submitted to the Director of Finance and Administ rative Services. Additionally, the internal Audit Department will receive monthly reports for their review.

3. Annual Audit. There will be an annual audit conducted by an independent outside auditing firm to ensure compliance with all regulations and the investment policy of the city.

SECTION 12. AUTHORIZED FINANCIAL INSTITUTIONS AND DEALERS

The elected City Treasurer shall maintain a list of qualified institutions and dealers who provide investment services and are located in the State of California. Qualified institutions and dealers are defined as “primary” dealers or regional dealers that qualify under Securities and Exchange Commission Rule 15C3-1 (uniform net capital rule). No public deposit shall be made except in a qualified public depository as established by California law.
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10 SECTION 12. AUTHORIZED FINANCIAL INSTITUTIONS AND DEALERS (continued)

All financial institutions and dealers seeking to become a provider of investment services with the City of Glendale will be considered. The financial institution( s) and/or dealer(s) will provide audited financial statements, proof of National Association of Security Dealers certification, trading resolution, proof of state of California registration, completed authorization to trade agreement and signed statement of having read and agreeing to comply with the City of Glendale’s investment policy BEFORE THEY WILL BE CONSIDERED. The City Treasurer will accept and review proposals from financial institutions and/or dealers on an ongoing basis.

SECTION 13. RISK TOLERANCE

The City of Glendale recognizes that investment risks can result from issuer defaults, market price changes or various technical complications leading to temporary illiquidity. Portfolio diversification is employed as a way to control risk. The City Treasurer is expected to display prudence in the selection of securities as a way to minimize default risk. No individual investment transaction shall be undertaken which jeopardizes the total capital position of the overall portfolio. Th e Treasurer shall periodically establish guidelines and strategies to control risks of default, market price changes and illiquidity.

The City Treasurer (as investment officer), acting in accordance with written policies and the “prudent investor” standard and exercising due diligence, shall be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided that substantial deviations from expectations are reported by the Treasurer to the City Council within three days of discovery. Mu tually agreeable remedial action will be taken by the Treasurer and reported at the next Investment Policy Advisory Committee meeting.

It is explicitly recognized that in a diversified portfolio, occasional measured losses may occur, and must be considered within the context of overall investment return.

SECTION 14. SAFEKEEPING

Securities purchased from broker/dealers should be he ld in a third-party custodian/safekeeping account.

Said securities should be held in a manner that establishes the governmental entity’s right of ownership.

SECTION 15. STATEMENT OF INVESTMENT POLICY

The investment policy shall be reviewed annually by the Investment Policy Advisory Committee, and submitted to the City Council on an annual basis with or without changes.

SECTION 16. AMENDMENT TO SECTION 1

The City Manager of the City of Glendale shall periodically, on a no less than annual basis: i) review all investments of the City of Glendale, and investments made by deferred compensation or retirement plans that City of Glendale employees participate in, such as CalPERS, to assess whether such investments are in compliance with this Investment Policy, ii) where investments are found that are inconsistent with this Investment Policy, the City Manager shall a) share a copy of this Investment Policy with the Investment Manager responsible for managing such investments and encourage compliance with the objectives and guidelines described therein, and iii) share its findings with the Council of the City of Glendale.

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11 SECTION 17. AMENDMENT TO SECTION 6

(f) i) sovereign debt issued by or relating to the government of the Republic of Azerbaijan, including public and private securities (ticker: AZERBJ), bonds, notes, debentures, loans, futures, options, derivatives, currency swaps, hedges or any other instruments, and any and all entities controlled directly or indirectly by the government of the Republic of Azerbaijan, including the International Bank of Azerbaijan OJSC (ticker:

IBAZAZ), State Oil Company of the Azerbaijan Republic, a/k/a SOCAR (ticker: SOIAZ) and Southern Gas Corridor CJSC (ticker: SGCAZE), or ii) investments in any other entity which, in any way, directly or indirectly, derives more than 10% of its gross revenues from the Republic of Azerbaijan (collectively, the “Prohibited Securities”), until such time as the government of the Republic of Azerbaijan, x) ceases engaging in genocide and human rights violations, y) complies with orders from the International Court of Justice, including the Order of 22 February 2023, and z) provides effective restitution to the victims of its hostilities in Nagorno-Karabakh.
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APPENDIX A
12 GLOSSARY

AGENCIES: Federal agency securities

BANKERS’ ACCEPTANCES: A draft or Bill of Exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.

BROKER: A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides; he does not position. In the money market, brokers are active in markets in which banks buy and sell money and in interdealer markets.

COLLATERAL: Securities, evidence of deposit or other prop erty which a borrower pledges to secure repayment of a loan. Also refers to securities pledge s by a bank to secure deposits of public monies.

CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific matu rity evidenced by a certificate.

Large denomination CD’s are typically negotiable.

COUPON: The annual rate of interest that a bond’s issuer promises to pay the bondholder on the bond’s face value. A certificate attach ed to a bond evidencing interest due on a payment date.

DEALER: A dealer, as opposed to a broker acts as a prin cipal in all transactions, buying and selling for his own account.

DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipts (also called free). Delivery versus payment is delivery of securities with an exchange of money for the securities. Deliver y versus receipts is delivery of securities with an exchange of signed receipt for the securities.

DEBENTURES: A bond secured only by the general credit of the issuer.

DISCOUNT: The difference between the cost price of a security and its value at maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT SECURITIES: Non-interest bearing money market instruments that are issued at discount and redeemed at maturity for full face value, e.g. U.S. Treasury bills.

DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns.

FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions and individuals, e.g. S & L’s, small business firms, students, farmers, farm cooperatives, and exporters.

FEDERAL FUNDS RATE: The rate of interest at which Federal fu nds are traded. This rate is currently pegged by the Federal Reserve through open-market operations.

FEDERAL DEPOSIT INSURANCE COPRORATION (FDIC): A federal agency that insures bank deposits, currently up to $250,000. Per depositor.
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APPENDIX A
GLOSSARY (continued)
13 FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA like GNMA, was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing & Urban Development, H.U.D. It is the largest single provider of residential mortgage funds in the United St ates. Fannie Mae, as the corporation is called, is a private stockholder-owned corporation. The corporation’s purchases include a variety of adjustable mortgages and second loans in addition to fixed-rate mortgages. FNMA’s securities are also highly liquid and are widely accepted. FNMA assumes and guara ntees that all security holders will receive timely payment of principal and interest.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION:
(GNMA or Ginnie Mae): Securities
guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loans associations and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by FHA, VA or FMHM mo rtgages. The term pass-throughs is often used to describe Ginnie Maes.

LIQUIDITY: A liquid asset is one that can be converted eas ily and rapidly into cash without substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

LOCAL AGENCY INVESTMENT FUND (LAIF): Funds from local governmental units may be remitted to the California State Treasurer for deposit in this special fund for the purpose of investment.

MARKET VALUE: The price at which a security is trading and could presumably be purchased or sold.

MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase – reverse repurchase agr eements that establishes each party’s rights in the transactions. A master agreement will often specify, am ong other things, the right of the buyer-lender to liquidate the underlying securities in the event of default by the seller-borrower.

MATURITY: The date upon which the principal or stated value of an investment becomes due and payable.

MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

PORTFOLIO: Collection of securities held by an investor.

PRIMARY DEALER: A group of government securities dealers that submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealer s include Securities and Exchange Commission (SEC) registered securities broker-dealers, banks, and a few unregulated firms.

RATE OF RETURN: The yield obtainable on a security based on its purchase price of its current market price. This may be the amortized yield to maturity on a bond or the current income return. 85 of 143

APPENDIX A
GLOSSARY (continued)
14 REPURCHASE AGREEMENT (RP or REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security “buyer” in effect lends the “seller” money for the period of the agreement, and the te rms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their positions. Exception:

When the Federal Reserve Bank is said to be doing RP, it is lending money, that is, increasing bank reserves.

SAFEKEEPING: A service to customers rendered by banks fo r a fee whereby securities and valuables of all types and descriptions are held in the banks’ vaults for protection.

SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution.

SEC RULE 15C3-1: See uniform net capital rule.

SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation.

TREASURY BILLS: A non-interest bearing security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three month, six month, or one year.

TREASURY NOTES: Intermediate term coupon bearing U. S. Treasury securities having initial maturities of from one to ten years.

YIELD: The rate of annual income return on an investment, expressed as a percentage. a) INCOME YIELD is obtained by dividing the current dollar income by the current market price for the security. b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker-dealers in secur ities maintain a maximum ratios of indebtedness to liquid capital of 15 to 1: also called net capital rule and net capital ratio. Indebtedness covers al money owed to a firm, including margin loans and commitmen ts to purchase securities, one reason new public issues are spread among members of underwriting s yndicates. Liquid capital includes cash and assets easily converted into cash.
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APPENDIX B
Guidelines
15 The City Treasurer, as the investment officer of the city, utilizes many tools to perform the duties vested in that position.

Some of those tools include:

The Treasurers’ Handbook issued by the California Municipal Treasurers’ Association (CMTA)

The California State Government Code Secs. 53600 et seq.

The Public Investor issued by the Government Finance Officers’ Association (GFOA)

TRACKER Portfolio Accounting & Reporting. This is a web-based portfolio accounting and reporting investment tool for institutional investors.

BLOOMBERG L.P. This tool provides financial software tools, such as analytics and equity trading platform, data services, and news to financial companies and organizations.

Annual conferences of the Calif ornia Municipal Treasurers’ Association (CMTA) and Government Investment Officers Association (GIO A). These conferences keep the treas urers current on legislation by way of monthly bulletins.

Investing Public Funds a publication by Girard Miller obtained th rough the Government Finance Officers’ Association (GFOA).

These tools are referred to on a frequent basis by both the City Treasurer and the Deputy City Treasurer.

They should be considered the “bibles” of investing by anyone involved in that duty.

There are many other reference books available in the Treasurer’s office for utilization in case of a short- term (or long-term) absence of the elected City Treasurer. 87 of 143

9b
25-88751

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: City Treasurer's Annual Review of the City’s Portfolios

1. Motion accepting Report for Fiscal Year ending June 30, 2025.

COUNCIL ACTION
Item Type: Action Item
Approved for October 7, 2025 calendar

EXECUTIVE SUMMARY
The City Treasurer presents for City Council to review and accept the Annual Report of the City’s Portfolios for the fiscal year ending June 2025. Annually, the City of Glendale’s City Treasurer is required to present the Annual Investment Report to the City Council in a public meeting and recommend any changes to the Investment Policy, which was last approved in November of 2024.
88 of 143

9b2
25-88751
5 4
3 1

RECOMMENDATION
Review and accept the City Treasurer’s annual report of the City’s Portfolios for fiscal year 2024-2025.

ANALYSIS
Key statistics for all Portfolios for the past year: The Portfolios totaled $1.20 billion, up $5 million from last year. The Portfolios rate of return ended at 3.35%, up 1 basis point from

3.34% the previous year. Interest earnings totaled $35.98 million, up $6.53 million from $29.45 million last year.

STAKEHOLDERS/OUTREACH
N/A

FISCAL IMPACT
There is no fiscal impact associated with this report.

ENVIRONMENTAL REVIEW (CEQA/NEPA)
This item is considered a ministerial activity and therefore, not subject to CEQA review.

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION
The City Council may consider any other alternative.

ADMINISTRATIVE ACTION
Submitted by:

Rafi Manoukian, City Treasurer
Prepared by:

Marie Boyadjian, Treasury & Investment Services Operations Specialist Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
City Treasurer’s Annual Report As of June 30, 2025
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M O T I O N
Moved by Council Member __________________________________________, seconded by Council Member ______________________________________________, that the City Treasurer’s Annual Investment Report for the Fiscal Year ending June 30, 2 025, outlining a review of the investment portfolio, is hereby accepted.

Vote as follows:

Ayes:

Noes:

Absent:

Abstain:

MOTION ADOPTED BY THE GLENDALE CITY COUNCIL AT ITS REGULAR MEETING HELD ON September 30, 2025.
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Asset Category
Face Amount/Shares
Market Value
Book Value
% of Portfolio
YTM @ Cost
Days To Maturity
CAMP
153,845,793.05
153,845,793.05
153,845,793.05

13.47 4.40
1 Corporate
205,034,000.00
202,099,587.89
201,951,422.19

17.69 3.66
1,015
Federal Agency Callable Bonds
250,950,000.00
243,400,387.80
250,805,032.73

21.97 1.29
416
Federal Agency Term Notes
142,355,000.00
143,834,039.49
142,764,037.46

12.50 3.86
1,007
LA County Pool
5,293,717.34
5,293,717.34
5,293,717.34

0.46 3.61
1 LAIF - City
60,728,427.83
60,728,427.83
60,728,427.83

5.32 4.40
1 LAIF - GFA
50,378,295.22
50,378,295.22
50,378,295.22

4.41 4.40
1 Obligations of Other States
79,355,000.00
77,938,283.85
78,344,621.62

6.86 3.25
635
State & Municipal Bonds
87,550,000.00
86,647,018.45
86,249,039.51

7.55 4.12
886
Treasury Notes
115,000,000.00
112,134,272.45
111,468,784.61

9.76 3.27
856
Total / Average
1,150,490,233.44
1,136,299,823.37
1,141,829,171.56
100.00

3.30 591
Date
City Treasurer Rafi Manoukian, CPA, MBA
.

This report reflects the complete City of Glendale Investment Portfolio. It is in full compliance with the City's Investment Policy. A copy of the investment policy is available in the office of the City Treasurer. The City Treasurer hereby certifies that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months.

CITY OF GLENDALE
Investment Report
Portfolio Summary
June 2025
1 09/04/25
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Asset Category Allocation
Asset Category
Book Value
6/30/2024
% of Portfolio
6/30/2024
Book Value
6/30/2025
% of Portfolio
6/30/2025
CAMP
118,223,318.97

11.56 153,845,793.05

13.47 Commercial Paper
4,970,666.67

0.49 0.00

0.00 Corporate
153,808,358.66

15.04 201,951,422.19

17.69 Federal Agency Callable Bonds
275,649,207.43

26.95 250,805,032.73

21.97 Federal Agency Term Notes
173,905,777.59

17.00 142,764,037.46

12.50 LA County Pool
15,021,790.41

1.47 5,293,717.34

0.46 LAIF - City
622,061.47

0.06 60,728,427.83

5.32 LAIF - GFA
283,746.50

0.03 50,378,295.22

4.41 Obligations of Other States
80,140,584.15

7.84 78,344,621.62

6.86 State & Municipal Bonds
87,328,652.77

8.54 86,249,039.51

7.55 Treasury Notes
112,768,085.15

11.03 111,468,784.61

9.76 Total / Average
1,022,722,249.77
100.00
1,141,829,171.56
100.00
Portfolio Holdings as of 6/30/2024
Portfolio Holdings as of 6/30/2025
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Distribution by Asset Category - Book Value
City of Glendale
2 92 of 143

Buy Transactions
Walmart Inc 3.25 7/8/2029-25
931142EN9
7/10/2024
5,000,000.00

94.85 4,742,500.00
902.78

4.41 4,743,402.78
Buy
Glendale CA Unified School Dist 1.263
9/1/2028
378460C23
8/27/2024
1,215,000.00

90.16 1,095,444.00
7,502.22

3.94 1,102,946.22
Buy
State of California GO Bond 5.125 9/1/2029
13063EBP0
9/3/2024
5,000,000.00
105.53
5,276,650.00
1,423.61

3.90 5,278,073.61
Buy
San Jose CA Redev Agy Successor Agy

3.25 8/1/2029-
798170AM8
9/18/2024
5,000,000.00

97.51 4,875,600.00
21,215.28

3.81 4,896,815.28
Buy
FHLB 4.5 12/14/2029
3130ATUT2
12/16/2024
5,000,000.00
101.71
5,085,650.00
1,250.00

4.12 5,086,900.00
Buy
New York Life Global FDG 4.6 12/5/2029
64952WFK4
12/20/2024
5,000,000.00

99.52 4,975,800.00
9,583.33

4.71 4,985,383.33
Buy
Massmutual Global Funding 4.95 1/10/2030
57629TBV8
1/10/2025
5,000,000.00
100.17
5,008,500.00

0.00 4.91
5,008,500.00
Buy
T-Note 1.75 11/15/2029
912828YS3
1/15/2025
10,000,000.00

88.11 8,810,937.50
29,488.95

4.52 8,840,426.45
Buy
Ascension Health 2.532 11/15/2029
04352EAA3
1/21/2025
3,000,000.00

90.53 2,715,750.00
13,926.00

4.76 2,729,676.00
Buy
Apple Inc 2.2 9/11/2029-29
037833DP2
1/23/2025
5,000,000.00

90.27 4,513,350.00
40,333.33

4.55 4,553,683.33
Buy
T-Note 1.625 8/15/2029
912828YB0
1/23/2025
5,000,000.00

88.87 4,443,359.38
35,546.88

4.34 4,478,906.26
Buy
NW Mutual Global 4.96 1/13/2030
66815L2U2
2/5/2025
5,000,000.00
101.00
5,050,000.00
15,155.56

4.73 5,065,155.56
Buy
T-Note 2.875 4/30/2029
91282CEM9
2/12/2025
5,000,000.00

94.56 4,728,125.00
41,298.34

4.30 4,769,423.34
Buy
T-Note 4 10/31/2029
91282CFT3
2/12/2025
10,000,000.00

98.77 9,876,953.13
114,917.13

4.29 9,991,870.26
Buy
T-Note 4 7/31/2029
91282CLC3
2/12/2025
5,000,000.00

98.83 4,941,601.56
6,629.83

4.29 4,948,231.39
Buy
T-Note 2.375 3/31/2029
91282CEE7
2/12/2025
5,000,000.00

92.79 4,639,453.13
44,041.90

4.30 4,683,495.03
Buy
Johnson & Johnson 4.7 3/1/2030-30
478160DJ0
3/5/2025
5,000,000.00
101.75
5,087,500.00
9,791.67

4.31 5,097,291.67
Buy
State of California GO Bond 6.25 3/1/2030
13063EHX7
3/27/2025
5,000,000.00
107.88
5,394,100.00

0.00 4.45
5,394,100.00
Buy
Smthsonian Institution 1.867 9/1/2029
832432AN8
4/3/2025
2,000,000.00

90.24 1,804,820.00
3,319.11

4.32 1,808,139.11
Buy
Yale University 1.482 4/15/2030-30
98459LAB9
4/15/2025
5,000,000.00

87.44 4,372,000.00

0.00 4.30
4,372,000.00
Buy
PERS & Fellows 4.887 3/15/2030-30
740816AS2
4/16/2025
5,000,000.00
101.45
5,072,650.00

0.00 4.55
5,072,650.00
Buy
Google 4 5/15/2030-30
02079KAK3
5/15/2025
5,000,000.00

99.24 4,961,750.00
7,777.78

4.17 4,969,527.78
Buy
National Secs Clearing 4.7 5/20/2030-25
637639AQ8
5/21/2025
5,000,000.00
100.66
5,032,834.43
652.78

4.55 5,033,487.21
Buy
Apple Inc 1.65 5/11/2030-25
037833DU1
5/21/2025
2,000,000.00

88.42 1,768,460.00
916.67

4.26 1,769,376.67
Buy
Walmart Inc 4 4/15/2030-25
931142FC2
5/23/2025
5,000,000.00

98.99 4,949,700.00
21,111.11

4.23 4,970,811.11
Buy
GUARDIAN LIFE 4.798 4/28/2030
40139LBK8
6/11/2025
3,000,000.00
100.85
3,025,530.00
17,192.83

4.60 3,042,722.83
Buy
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
3 93 of 143

Massachusetts Cmnwealth Revenue Bond

3.769 7/15/20
576004HE8
6/26/2025
3,000,000.00

99.14 2,974,230.00
50,567.42

4.00 3,024,797.42
Buy
129,215,000.00
125,223,248.13
494,544.51
125,717,792.64
Subtotal
LA County Pool LGIP
LACPIF
7/1/2024
58,360.07
100.00
58,360.07

0.00 0.00
58,360.07
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
7/15/2024
3,202.12
100.00
3,202.12

0.00 0.00
3,202.12
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
7/15/2024
6,296.25
100.00
6,296.25

0.00 0.00
6,296.25
Deposit
California Asset Management Program
LGIP
CAMP
7/31/2024
478,239.06
100.00
478,239.06

0.00 0.00
478,239.06
Deposit
LA County Pool LGIP
LACPIF
8/1/2024
59,207.96
100.00
59,207.96

0.00 0.00
59,207.96
Deposit
California Asset Management Program
LGIP
CAMP
8/30/2024
357,027.45
100.00
357,027.45

0.00 0.00
357,027.45
Deposit
LA County Pool LGIP
LACPIF
9/1/2024
48,210.67
100.00
48,210.67

0.00 0.00
48,210.67
Deposit
California Asset Management Program
LGIP
CAMP
9/30/2024
326,691.99
100.00
326,691.99

0.00 0.00
326,691.99
Deposit
LA County Pool LGIP
LACPIF
10/1/2024
56,907.65
100.00
56,907.65

0.00 0.00
56,907.65
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
10/15/2024
3,371.48
100.00
3,371.48

0.00 0.00
3,371.48
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
10/15/2024
7,391.32
100.00
7,391.32

0.00 0.00
7,391.32
Deposit
California Asset Management Program
LGIP
CAMP
10/31/2024
290,517.57
100.00
290,517.57

0.00 0.00
290,517.57
Deposit
LA County Pool LGIP
LACPIF
11/6/2024
60,415.11
100.00
60,415.11

0.00 0.00
60,415.11
Deposit
California Asset Management Program
LGIP
CAMP
11/29/2024
273,262.50
100.00
273,262.50

0.00 0.00
273,262.50
Deposit
LA County Pool LGIP
LACPIF
12/9/2024
39,678.51
100.00
39,678.51

0.00 0.00
39,678.51
Deposit
California Asset Management Program
LGIP
CAMP
12/9/2024
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
12/10/2024
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
12/20/2024
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
12/23/2024
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
12/26/2024
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
12/31/2024
373,908.08
100.00
373,908.08

0.00 0.00
373,908.08
Deposit
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
4 94 of 143

LA County Pool LGIP
LACPIF
1/1/2025
31,533.40
100.00
31,533.40

0.00 0.00
31,533.40
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
1/15/2025
3,339.25
100.00
3,339.25

0.00 0.00
3,339.25
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
1/15/2025
7,320.68
100.00
7,320.68

0.00 0.00
7,320.68
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
1/21/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
1/21/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
1/21/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
1/31/2025
511,675.76
100.00
511,675.76

0.00 0.00
511,675.76
Deposit
LA County Pool LGIP
LACPIF
2/1/2025
26,908.50
100.00
26,908.50

0.00 0.00
26,908.50
Deposit
California Asset Management Program
LGIP
CAMP
2/28/2025
461,324.75
100.00
461,324.75

0.00 0.00
461,324.75
Deposit
LA County Pool LGIP
LACPIF
3/1/2025
18,023.72
100.00
18,023.72

0.00 0.00
18,023.72
Deposit
California Asset Management Program
LGIP
CAMP
3/31/2025
492,592.57
100.00
492,592.57

0.00 0.00
492,592.57
Deposit
LA County Pool LGIP
LACPIF
4/1/2025
17,741.27
100.00
17,741.27

0.00 0.00
17,741.27
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
4/15/2025
87,837.99
100.00
87,837.99

0.00 0.00
87,837.99
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
4/15/2025
91,654.36
100.00
91,654.36

0.00 0.00
91,654.36
Deposit
California Asset Management Program
LGIP
CAMP
4/30/2025
476,457.82
100.00
476,457.82

0.00 0.00
476,457.82
Deposit
LA County Pool LGIP
LACPIF
5/1/2025
17,534.02
100.00
17,534.02

0.00 0.00
17,534.02
Deposit
California Asset Management Program
LGIP
CAMP
5/29/2025
22,026,794.28
100.00
22,026,794.28

0.00 0.00
22,026,794.28
Deposit
California Asset Management Program
LGIP
CAMP
5/30/2025
499,240.61
100.00
499,240.61

0.00 0.00
499,240.61
Deposit
LA County Pool LGIP
LACPIF
6/1/2025
18,620.43
100.00
18,620.43

0.00 0.00
18,620.43
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/3/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
6/3/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/4/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
6/4/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/5/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
6/5/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/6/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
5 95 of 143

CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
6/6/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/9/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
6/9/2025
10,000,000.00
100.00
10,000,000.00

0.00 0.00
10,000,000.00
Deposit
California Asset Management Program
LGIP
CAMP
6/30/2025
555,002.87
100.00
555,002.87

0.00 0.00
555,002.87
Deposit
217,786,290.07
217,786,290.07

0.00 217,786,290.07
Subtotal
347,001,290.07
343,009,538.20
494,544.51
343,504,082.71
Total Buy Transactions
Sell Transactions
FNMA 4.75 5/15/2029-25
3135GASE2
5/15/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Called
5,000,000.00
5,000,000.00

0.00 5,000,000.00
Subtotal
FHLB 4.56 7/12/2024
3130AUPR9
7/12/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
T-Note 1.75 7/31/2024
912828Y87
7/31/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
Microsoft Corp 0 8/9/2024
59515MH99
8/9/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 1.5 8/15/2024
3130AGWK7
8/15/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 1.4 8/28/2024-23
3130AQTA1
8/28/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 5.375 9/9/2024
3130AVD41
9/9/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 4.375 9/13/2024
3133XVDG3
9/13/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 2 9/24/2024-22
3130ARBE0
9/24/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 4.5 10/3/2024
3130ATT31
10/3/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
T-Note 1.5 10/31/2024
912828YM6
10/31/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
California State University Revenue Bonds

0.685 11
13077DMK5
11/1/2024
1,000,000.00

0.00 1,000,000.00

0.00 0.00
1,000,000.00
Matured
T-Note 0.75 11/15/2024
91282CDH1
11/15/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
T-Note 2.25 11/15/2024
912828G38
11/15/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
Walmart Inc 2.65 12/15/2024
931142DV2
12/15/2024
5,662,000.00

0.00 5,662,000.00

0.00 0.00
5,662,000.00
Matured
T-Note 1 12/15/2024
91282CDN8
12/15/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
T-Note 1.125 1/15/2025
91282CDS7
1/15/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
T-Note 1.125 1/15/2025
91282CDS7
1/15/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
Roseville Financial Authority 0.887 2/1/2025
77781RCQ4
2/1/2025
1,500,000.00

0.00 1,500,000.00

0.00 0.00
1,500,000.00
Matured
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
6 96 of 143

T-Note 1.5 2/15/2025
91282CDZ1
2/15/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 2 2/28/2025-23
3130AQZF3
2/28/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 2 3/10/2025-22
3130AR4D0
3/10/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 4.625 3/14/2025
3130AUZC1
3/14/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
FHLB 5.125 3/14/2025
3130AWT59
3/14/2025
3,000,000.00

0.00 3,000,000.00

0.00 0.00
3,000,000.00
Matured
State of CA GO Bond 3.375 4/1/2025
13063DGB8
4/1/2025
3,200,000.00

0.00 3,200,000.00

0.00 0.00
3,200,000.00
Matured
Colorado St Housing Auth Revenue Bond

1.218 4/1/20
196480KQ9
4/1/2025
1,470,000.00

0.00 1,470,000.00

0.00 0.00
1,470,000.00
Matured
Oregon St Dept of Adm Svcs Lottery
Revenue 4.142 4
68607V4J1
4/1/2025
3,760,000.00

0.00 3,760,000.00

0.00 0.00
3,760,000.00
Matured
National Securities Clearing Corp 1.5
4/23/2025
637639AB1
4/23/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
USAA Capital Corp 3.375 5/1/2025
90327QD89
5/1/2025
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Matured
University of CA Revenue Bonds 0.883
5/15/2025
91412HGE7
5/15/2025
5,420,000.00

0.00 5,420,000.00

0.00 0.00
5,420,000.00
Matured
CA State Health Facs Fin Revenue Bonds

0.952 6/1/2
13032UXM5
6/1/2025
1,750,000.00

0.00 1,750,000.00

0.00 0.00
1,750,000.00
Matured
CA ST Health Fac Fin Authority 2.991
6/1/2025
13032UC22
6/1/2025
2,000,000.00

0.00 2,000,000.00

0.00 0.00
2,000,000.00
Matured
CA ST Health Fac Fin Authority 2.211
6/1/2025
13032UVC9
6/1/2025
3,000,000.00

0.00 3,000,000.00

0.00 0.00
3,000,000.00
Matured
City of Beverly Hills Revenue Bonds 0.83
6/1/2025
088006JZ5
6/1/2025
675,000.00

0.00 675,000.00

0.00 0.00
675,000.00
Matured
FHLB 3.375 6/13/2025
3130ASG86
6/13/2025
3,000,000.00

0.00 3,000,000.00

0.00 0.00
3,000,000.00
Matured
140,437,000.00
140,437,000.00

0.00 140,437,000.00
Subtotal
California Asset Management Program
LGIP
CAMP
7/11/2024
391,732.22

0.00 391,732.22

0.00 0.00
391,732.22
Withdraw
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
7/17/2024
3,202.12

0.00 3,202.12

0.00 0.00
3,202.12
Withdraw
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
7/17/2024
6,296.25

0.00 6,296.25

0.00 0.00
6,296.25
Withdraw
California Asset Management Program
LGIP
CAMP
7/17/2024
15,000,000.00

0.00 15,000,000.00

0.00 0.00
15,000,000.00
Withdraw
California Asset Management Program
LGIP
CAMP
7/18/2024
5,000,000.00

0.00 5,000,000.00

0.00 0.00
5,000,000.00
Withdraw
LA County Pool LGIP
LACPIF
7/24/2024
61,591.31

0.00 61,591.31

0.00 0.00
61,591.31
Withdraw
California Asset Management Program
LGIP
CAMP
7/25/2024
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
7 97 of 143

California Asset Management Program
LGIP
CAMP
7/25/2024
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
California Asset Management Program
LGIP
CAMP
8/2/2024
478,239.06

0.00 478,239.06

0.00 0.00
478,239.06
Withdraw
California Asset Management Program
LGIP
CAMP
9/9/2024
357,027.45

0.00 357,027.45

0.00 0.00
357,027.45
Withdraw
LA County Pool LGIP
LACPIF
9/11/2024
59,207.96

0.00 59,207.96

0.00 0.00
59,207.96
Withdraw
California Asset Management Program
LGIP
CAMP
9/23/2024
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
LA County Pool LGIP
LACPIF
11/6/2024
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
California Asset Management Program
LGIP
CAMP
12/5/2024
273,262.50

0.00 273,262.50

0.00 0.00
273,262.50
Withdraw
LA County Pool LGIP
LACPIF
12/9/2024
60,415.11

0.00 60,415.11

0.00 0.00
60,415.11
Withdraw
California Asset Management Program
LGIP
CAMP
2/12/2025
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
6/23/2025
10,000,000.00

0.00 10,000,000.00

0.00 0.00
10,000,000.00
Withdraw
81,690,973.98
81,690,973.98

0.00 81,690,973.98
Subtotal
227,127,973.98
227,127,973.98

0.00 227,127,973.98
Total Sell Transactions
Interest/Dividends
Arizona State Transp Brd Hwy Revenue

2.224 7/1/202
040654XX8
7/1/2024

0.00 0.00
24,853.20

0.00 24,853.20
Interest
LA County Pool LGIP
LACPIF
7/1/2024

0.00 0.00
58,360.07

0.00 58,360.07
Interest
University of CA Revenue Bonds 3.063
7/1/2025
91412GU94
7/1/2024

0.00 0.00
88,827.00

0.00 88,827.00
Interest
LADWP Revenue Bond 5.516 7/1/2027-10
544495VX9
7/1/2024

0.00 0.00
200,092.90

0.00 200,092.90
Interest
Arkansas ST GO Bonds 5 7/1/2028
041042V58
7/1/2024

0.00 0.00
54,500.00

0.00 54,500.00
Interest
NW Mutual Global 1.75 1/11/2027
66815L2F5
7/11/2024

0.00 0.00
32,287.50

0.00 32,287.50
Interest
FHLB 4.56 7/12/2024
3130AUPR9
7/12/2024

0.00 0.00
114,000.00

0.00 114,000.00
Interest
FHLB 1.5 1/14/2027-22
3130AQEW9
7/14/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
NW Mutual Global 0.8 1/14/2026
66815L2A6
7/14/2024

0.00 0.00
10,000.00

0.00 10,000.00
Interest
Massmutual Global Funding 2.35 1/14/2027
57629WCQ1
7/14/2024

0.00 0.00
13,442.00

0.00 13,442.00
Interest
New York Life Global 2.35 7/14/2026
64952WCH4
7/14/2024

0.00 0.00
103,400.00

0.00 103,400.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
7/15/2024

0.00 0.00
3,202.12

0.00 3,202.12
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
8 98 of 143

CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
7/15/2024

0.00 0.00
6,296.25

0.00 6,296.25
Interest
New York Life Global FDG 0.85 1/15/2026
64952WDW0
7/15/2024

0.00 0.00
21,250.00

0.00 21,250.00
Interest
FHLB 1.125 7/15/2026-21
3130AMYP1
7/15/2024

0.00 0.00
28,125.00

0.00 28,125.00
Interest
Massachusetts Cmnwealth Revenue Bond

3.68 7/15/202
576004HD0
7/15/2024

0.00 0.00
184,000.00

0.00 184,000.00
Interest
Johnson & Johnson 2.9 1/15/2028-23
478160CK8
7/15/2024

0.00 0.00
72,500.00

0.00 72,500.00
Interest
T-Note 1.125 1/15/2025
91282CDS7
7/15/2024

0.00 0.00
56,250.00

0.00 56,250.00
Interest
Massmutual Global Funding 1.2 7/16/2026
57629WDE7
7/16/2024

0.00 0.00
30,000.00

0.00 30,000.00
Interest
FHLB 4.32 7/17/2028
3130AX3V8
7/17/2024

0.00 0.00
216,000.00

0.00 216,000.00
Interest
FHLB 3.89 1/18/2029
3130AYK21
7/18/2024

0.00 0.00
97,250.00

0.00 97,250.00
Interest
FFCB 3.875 1/18/2029
3133EPW84
7/18/2024

0.00 0.00
96,875.00

0.00 96,875.00
Interest
FHLB 1.6 1/19/2027-22
3130AQJ87
7/19/2024

0.00 0.00
40,000.00

0.00 40,000.00
Interest
Proctor & Gamble 3.95 1/26/2028-23
742718FZ7
7/26/2024

0.00 0.00
98,750.00

0.00 98,750.00
Interest
FHLB 1.6 7/27/2026-22
3130AQM83
7/27/2024

0.00 0.00
40,000.00

0.00 40,000.00
Interest
FHLB 1.7 1/27/2027-23
3130AQM26
7/27/2024

0.00 0.00
42,500.00

0.00 42,500.00
Interest
FHLB 0.58 1/28/2026-22
3130AKPQ3
7/28/2024

0.00 0.00
29,000.00

0.00 29,000.00
Interest
FHLB 1.61 1/28/2027-22
3130AQHG1
7/28/2024

0.00 0.00
40,250.00

0.00 40,250.00
Interest
FHLB 1.125 7/29/2026-21
3130AN4R8
7/29/2024

0.00 0.00
28,125.00

0.00 28,125.00
Interest
New York Life Global FDG 4.7 1/29/2029
64952WFF5
7/29/2024

0.00 0.00
117,500.00

0.00 117,500.00
Interest
T-Note 1.75 7/31/2024
912828Y87
7/31/2024

0.00 0.00
43,750.00

0.00 43,750.00
Interest
California Asset Management Program
LGIP
CAMP
7/31/2024

0.00 0.00
478,239.06

0.00 478,239.06
Interest
T-Note 0.25 7/31/2025
91282CAB7
7/31/2024

0.00 0.00
12,500.00

0.00 12,500.00
Interest
State of Maryland GO Bond 2.8 8/1/2027-
12 574193GK8
8/1/2024

0.00 0.00
70,000.00

0.00 70,000.00
Interest
Solano County GO Bonds 1.479 8/1/2028
83412PHS4
8/1/2024

0.00 0.00
13,311.00

0.00 13,311.00
Interest
State of Hawaii General Obligation 1.145
8/1/2028
419792YT7
8/1/2024

0.00 0.00
8,015.00

0.00 8,015.00
Interest
NYC Transitional 2.02 2/1/2027
64971XH27
8/1/2024

0.00 0.00
50,500.00

0.00 50,500.00
Interest
LA County Pool LGIP
LACPIF
8/1/2024

0.00 0.00
59,207.96

0.00 59,207.96
Interest
Roseville Financial Authority 0.887 2/1/2025
77781RCQ4
8/1/2024

0.00 0.00
6,652.50

0.00 6,652.50
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
9 99 of 143

State of Hawaii GO Bond 0.893 8/1/2026
419792YR1
8/1/2024

0.00 0.00
8,528.15

0.00 8,528.15
Interest
Santa Monica Malibu USD 0.849 8/1/2026
802498ZA6
8/1/2024

0.00 0.00
5,497.28

0.00 5,497.28
Interest
New York City Trans Fin Auth Revenue
Bonds 3.35 2/
64971XS25
8/1/2024

0.00 0.00
50,250.00

0.00 50,250.00
Interest
LA Comm Coll Dist GO Bonds 1.174
8/1/2026
54438CYL0
8/1/2024

0.00 0.00
29,350.00

0.00 29,350.00
Interest
Los Angeles CCD 1.606 8/1/2028-20
54438CYM8
8/1/2024

0.00 0.00
31,317.00

0.00 31,317.00
Interest
Andrew W Mellon Foundation 0.947
8/1/2027-22
03444RAB4
8/1/2024

0.00 0.00
30,654.39

0.00 30,654.39
Interest
Apple Inc 1.2 2/8/2028-23
037833EC0
8/8/2024

0.00 0.00
30,000.00

0.00 30,000.00
Interest
FHLB 1.05 8/12/2026-22
3130ANBR0
8/12/2024

0.00 0.00
26,250.00

0.00 26,250.00
Interest
FHLB 1 8/12/2026-21
3130ANET3
8/12/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
T-Note 1.5 2/15/2025
91282CDZ1
8/15/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
Alphabet Inc 1.998 8/15/2026
02079KAC1
8/15/2024

0.00 0.00
49,950.00

0.00 49,950.00
Interest
FHLB 1.5 8/15/2024
3130AGWK7
8/15/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 4 2/15/2028
3130AYB70
8/15/2024

0.00 0.00
100,000.00

0.00 100,000.00
Interest
T-Note 2.25 8/15/2027
9128282R0
8/15/2024

0.00 0.00
56,250.00

0.00 56,250.00
Interest
T-Note 2.625 2/15/2029
9128286B1
8/15/2024

0.00 0.00
131,250.00

0.00 131,250.00
Interest
New York State Dormitory 2.558 2/15/2027
64990FS88
8/15/2024

0.00 0.00
31,527.35

0.00 31,527.35
Interest
T-Note 2.875 8/15/2028
9128284V9
8/15/2024

0.00 0.00
71,875.00

0.00 71,875.00
Interest
FHLB 1.9 2/17/2027-22
3130AQPE7
8/17/2024

0.00 0.00
63,175.00

0.00 63,175.00
Interest
FHLB 0.555 2/18/2026-21
3130AKYG5
8/18/2024

0.00 0.00
27,750.00

0.00 27,750.00
Interest
FHLB 2 2/25/2027-22
3130AQRH8
8/25/2024

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 1.05 8/26/2026-21
3130ANND8
8/26/2024

0.00 0.00
26,250.00

0.00 26,250.00
Interest
FHLB 0.63 2/26/2026-21
3130ALB94
8/26/2024

0.00 0.00
15,750.00

0.00 15,750.00
Interest
FHLB 1.05 8/27/2026-21
3130ANM56
8/27/2024

0.00 0.00
38,850.00

0.00 38,850.00
Interest
FHLB 1.6 8/28/2025-23
3130AQT94
8/28/2024

0.00 0.00
40,000.00

0.00 40,000.00
Interest
FHLB 2 2/28/2025-23
3130AQZF3
8/28/2024

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 1.4 8/28/2024-23
3130AQTA1
8/28/2024

0.00 0.00
35,000.00

0.00 35,000.00
Interest
California Asset Management Program
LGIP
CAMP
8/30/2024

0.00 0.00
357,027.45

0.00 357,027.45
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
10 100 of 143

T-Note 0.5 2/28/2026
91282CBQ3
8/31/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
T-Note 0.25 8/31/2025
91282CAJ0
8/31/2024

0.00 0.00
12,500.00

0.00 12,500.00
Interest
LA County Pool LGIP
LACPIF
9/1/2024

0.00 0.00
48,210.67

0.00 48,210.67
Interest
San Jose Evergreen GO Bond 5.07
9/1/2028
798189TN6
9/1/2024

0.00 0.00
38,025.00

0.00 38,025.00
Interest
Virginia State College Revenue Bond 0.61
9/1/2025
92778WKR6
9/1/2024

0.00 0.00
15,250.00

0.00 15,250.00
Interest
City of San Jose GO Bonds 2.45 9/1/2025
798135E88
9/1/2024

0.00 0.00
54,022.50

0.00 54,022.50
Interest
Alabama Federal Aid (010268CN8) 1.268
9/1/2026
010268EM8-F3
9/1/2024

0.00 0.00
19,020.00

0.00 19,020.00
Interest
Glendale CA Unified School Dist 1.263
9/1/2028
378460C23
9/1/2024

0.00 0.00
7,672.73

0.00 7,672.73
Interest
Johnson and Johnson 2.95 3/3/2027
478160CE2
9/3/2024

0.00 0.00
90,771.50

0.00 90,771.50
Interest
Massmutual Global Funding 3.4 3/8/2026
57629WCH1
9/8/2024

0.00 0.00
45,118.00

0.00 45,118.00
Interest
FHLB 4.375 9/8/2028
3130AWTR1
9/8/2024

0.00 0.00
109,375.00

0.00 109,375.00
Interest
FHLB 5.375 9/9/2024
3130AVD41
9/9/2024

0.00 0.00
134,375.00

0.00 134,375.00
Interest
FHLB 4.5 3/9/2029
3130AVBD3
9/9/2024

0.00 0.00
112,500.00

0.00 112,500.00
Interest
FHLB 3.25 9/10/2027
3130AT7E1
9/10/2024

0.00 0.00
81,250.00

0.00 81,250.00
Interest
FHLB 2 3/10/2025-22
3130AR4D0
9/10/2024

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 4.5 3/10/2028
3130ATS57
9/10/2024

0.00 0.00
225,000.00

0.00 225,000.00
Interest
Apple Inc 2.05 9/11/2026
037833DN7
9/11/2024

0.00 0.00
51,250.00

0.00 51,250.00
Interest
FHLB 4.875 9/12/2025
3130AWS92
9/12/2024

0.00 0.00
73,125.00

0.00 73,125.00
Interest
FHLB 4.375 9/13/2024
3133XVDG3
9/13/2024

0.00 0.00
109,375.00

0.00 109,375.00
Interest
FHLB 4.625 3/14/2025
3130AUZC1
9/14/2024

0.00 0.00
115,625.00

0.00 115,625.00
Interest
FHLB 5.125 3/14/2025
3130AWT59
9/14/2024

0.00 0.00
76,875.00

0.00 76,875.00
Interest
New York State Dormitory 1.538 3/15/2027
64990FD68
9/15/2024

0.00 0.00
38,450.00

0.00 38,450.00
Interest
New York State Urban Dev 3.35 3/15/2026
650036EN2
9/15/2024

0.00 0.00
31,741.25

0.00 31,741.25
Interest
New York State Urban Dev (64985TBA8)

2.25 3/15/202
64985TDP3-Q1
9/15/2024

0.00 0.00
56,250.00

0.00 56,250.00
Interest
New York State Urban Dev 3.35 3/15/2026
650036EP7
9/15/2024

0.00 0.00
23,533.75

0.00 23,533.75
Interest
NW Mutual Global 4.35 9/15/2027
66815L2K4
9/15/2024

0.00 0.00
108,750.00

0.00 108,750.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
11 101 of 143

FHLB 1 9/16/2026-21
3130ANTD2
9/16/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 0.8 3/16/2026-21
3130ALDN1
9/16/2024

0.00 0.00
20,000.00

0.00 20,000.00
Interest
FHLB 1 9/17/2026-22
3130ANSB7
9/17/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 1.04 9/21/2026-21
3130ANUN8
9/21/2024

0.00 0.00
26,000.00

0.00 26,000.00
Interest
FFCB 4.5 9/22/2028
3133EPWK7
9/22/2024

0.00 0.00
112,500.00

0.00 112,500.00
Interest
FHLB 4.02 3/24/2028
3130AYNF9
9/24/2024

0.00 0.00
100,500.00

0.00 100,500.00
Interest
FHLB 2 9/24/2024-22
3130ARBE0
9/24/2024

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 1.06 9/28/2026-21
3130ANUZ1
9/28/2024

0.00 0.00
53,000.00

0.00 53,000.00
Interest
FHLB 2.35 3/29/2027-22
3130ARA68
9/29/2024

0.00 0.00
58,750.00

0.00 58,750.00
Interest
FHLB 0.91 12/30/2025-21
3130ALVL5
9/30/2024

0.00 0.00
22,750.00

0.00 22,750.00
Interest
FHLB 1.5 3/30/2026-22
3130AQBQ5
9/30/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 1 3/30/2026-21
3130AMZA3
9/30/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
California Asset Management Program
LGIP
CAMP
9/30/2024

0.00 0.00
326,691.99

0.00 326,691.99
Interest
FHLB 1 9/30/2026-22
3130AP6D2
9/30/2024

0.00 0.00
44,500.00

0.00 44,500.00
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
68607V4K8
10/1/2024

0.00 0.00
56,027.25

0.00 56,027.25
Interest
State of California GO Bond 3.05 4/1/2029
13063DMB1
10/1/2024

0.00 0.00
76,250.00

0.00 76,250.00
Interest
State of CA GO Bond 5.25 10/1/2027
13063D2U1
10/1/2024

0.00 0.00
131,250.00

0.00 131,250.00
Interest
LA County Pool LGIP
LACPIF
10/1/2024

0.00 0.00
56,907.65

0.00 56,907.65
Interest
State of Hawaii GO Bond 1.283 10/1/2026
419792A97
10/1/2024

0.00 0.00
11,226.25

0.00 11,226.25
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
68607V4M4
10/1/2024

0.00 0.00
35,402.50

0.00 35,402.50
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 3.
68607V4L6
10/1/2024

0.00 0.00
19,980.00

0.00 19,980.00
Interest
State of CA GO Bond 3.375 4/1/2025
13063DGB8
10/1/2024

0.00 0.00
54,000.00

0.00 54,000.00
Interest
State of California GO Bond 5 10/1/2028
13063D2V9
10/1/2024

0.00 0.00
125,000.00

0.00 125,000.00
Interest
Colorado St Housing Auth Revenue Bond

1.218 4/1/20
196480KQ9
10/1/2024

0.00 0.00
8,952.30

0.00 8,952.30
Interest
Oregon St Dept of Adm Svcs Lottery
Revenue 4.142 4
68607V4J1
10/1/2024

0.00 0.00
77,869.60

0.00 77,869.60
Interest
Bay Area Toll Authority Revenue Bond

1.433 4/1/202
072024XD9
10/1/2024

0.00 0.00
16,586.98

0.00 16,586.98
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
12 102 of 143

Colorado St Housing Auth Revenue Bond

1.318 10/1/2
196480KR7
10/1/2024

0.00 0.00
9,819.10

0.00 9,819.10
Interest
FHLB 4.5 10/3/2024
3130ATT31
10/3/2024

0.00 0.00
112,500.00

0.00 112,500.00
Interest
FHLB 4.72 10/11/2028
3130AXG44
10/11/2024

0.00 0.00
118,000.00

0.00 118,000.00
Interest
FHLB 3.43 4/12/2028
3130AVWV0
10/12/2024

0.00 0.00
85,750.00

0.00 85,750.00
Interest
FHLB 1.2 10/14/2026-22
3130APDR3
10/14/2024

0.00 0.00
30,000.00

0.00 30,000.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
10/15/2024

0.00 0.00
3,371.48

0.00 3,371.48
Interest
Walmart Inc 3.9 4/15/2028-28
931142FB4
10/15/2024

0.00 0.00
97,500.00

0.00 97,500.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
10/15/2024

0.00 0.00
7,391.32

0.00 7,391.32
Interest
T-Note 4.25 10/15/2025
91282CFP1
10/15/2024

0.00 0.00
106,250.00

0.00 106,250.00
Interest
FHLB 1.15 10/19/2026-22
3130APD28
10/19/2024

0.00 0.00
28,750.00

0.00 28,750.00
Interest
FHLB 1.1 10/21/2026-22
3130APAY1
10/21/2024

0.00 0.00
27,500.00

0.00 27,500.00
Interest
FHLB 4.8 10/23/2028
3130AXKP2
10/23/2024

0.00 0.00
120,000.00

0.00 120,000.00
Interest
National Securities Clearing Corp 1.5
4/23/2025
637639AB1
10/23/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FNMA 2.125 4/24/2026
3135G0K36
10/24/2024

0.00 0.00
106,250.00

0.00 106,250.00
Interest
FHLB 1.15 10/26/2026-21
3130AP4H5
10/26/2024

0.00 0.00
28,750.00

0.00 28,750.00
Interest
FHLB 1.15 10/28/2026-22
3130APGP4
10/28/2024

0.00 0.00
28,750.00

0.00 28,750.00
Interest
Guardian Life 5.55 10/28/2027
40139LBG7
10/28/2024

0.00 0.00
138,750.00

0.00 138,750.00
Interest
FHLB 1.35 4/29/2027-23
3130ALZE7
10/29/2024

0.00 0.00
20,250.00

0.00 20,250.00
Interest
T-Note 0.25 10/31/2025
91282CAT8
10/31/2024

0.00 0.00
6,250.00

0.00 6,250.00
Interest
T-Note 1.5 10/31/2024
912828YM6
10/31/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
California Asset Management Program
LGIP
CAMP
10/31/2024

0.00 0.00
290,517.57

0.00 290,517.57
Interest
T-Note 2.75 4/30/2027
91282CEN7
10/31/2024

0.00 0.00
68,750.00

0.00 68,750.00
Interest
California State University Revenue Bonds

0.685 11
13077DMK5
11/1/2024

0.00 0.00
3,425.00

0.00 3,425.00
Interest
State of Oregon GO Bonds 4.912 5/1/2029-
24 68609UJS5
11/1/2024

0.00 0.00
45,572.44

0.00 45,572.44
Interest
CA ST University Revenue Bond 1.361
11/1/2027-22
13077DQF2
11/1/2024

0.00 0.00
12,963.53

0.00 12,963.53
Interest
California St University Revenue Bond

1.521 11/1/2
13077DQG0
11/1/2024

0.00 0.00
15,210.00

0.00 15,210.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
13 103 of 143

USAA Capital Corp 3.375 5/1/2025
90327QD89
11/1/2024

0.00 0.00
84,375.00

0.00 84,375.00
Interest
LA County Pool LGIP
LACPIF
11/6/2024

0.00 0.00
60,415.11

0.00 60,415.11
Interest
FHLB 3.42 5/10/2028
3130AVWW8
11/10/2024

0.00 0.00
85,500.00

0.00 85,500.00
Interest
FHLB 1.25 11/10/2026-22
3130APKQ7
11/10/2024

0.00 0.00
31,250.00

0.00 31,250.00
Interest
Apple Inc 3.2 5/11/2027
037833CR9
11/11/2024

0.00 0.00
80,000.00

0.00 80,000.00
Interest
Apple Inc 3 11/13/2027-22
037833DK3
11/13/2024

0.00 0.00
75,000.00

0.00 75,000.00
Interest
Guardian Life 1.25 5/13/2026
40139LBD4
11/13/2024

0.00 0.00
29,206.25

0.00 29,206.25
Interest
T-Note 0.75 11/15/2024
91282CDH1
11/15/2024

0.00 0.00
18,750.00

0.00 18,750.00
Interest
University of CA Revenues 1.372 5/15/2028
-23
91412HJP9
11/15/2024

0.00 0.00
15,435.00

0.00 15,435.00
Interest
Texas A&M University 3.086 5/15/2029-27
88213AKG9
11/15/2024

0.00 0.00
77,150.00

0.00 77,150.00
Interest
University of California Revenue Bonds

1.266 5/15/
91412HFN8
11/15/2024

0.00 0.00
23,737.50

0.00 23,737.50
Interest
University of CA Revenue Bonds 1.316
5/15/2027
91412HGF4
11/15/2024

0.00 0.00
48,823.60

0.00 48,823.60
Interest
Texas A&M University 2.933 5/15/2026
88213ABX2
11/15/2024

0.00 0.00
21,997.50

0.00 21,997.50
Interest
FNMA 4.75 5/15/2029-25
3135GASE2
11/15/2024

0.00 0.00
118,750.00

0.00 118,750.00
Interest
T-Note 2.25 11/15/2024
912828G38
11/15/2024

0.00 0.00
56,250.00

0.00 56,250.00
Interest
University of CA Revenue Bonds 0.883
5/15/2025
91412HGE7
11/15/2024

0.00 0.00
23,929.30

0.00 23,929.30
Interest
FHLB 4.55 11/15/2028
3130AXRK6
11/15/2024

0.00 0.00
113,750.00

0.00 113,750.00
Interest
T-Note 3.125 11/15/2028
9128285M8
11/15/2024

0.00 0.00
78,125.00

0.00 78,125.00
Interest
FHLB 1.2 11/18/2025-22
3130APQG3
11/18/2024

0.00 0.00
30,000.00

0.00 30,000.00
Interest
National Securities Clearing Corp 5.1
11/21/2027-
637639AH8
11/21/2024

0.00 0.00
100,725.00

0.00 100,725.00
Interest
FHLB 1 5/22/2026-22
3130AMCB6
11/22/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 1.5 11/23/2026-22
3130APRJ6
11/23/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 1.5 11/24/2026-22
3130APQW8
11/24/2024

0.00 0.00
75,000.00

0.00 75,000.00
Interest
FHLB 1.6 11/28/2025-23
3130AQU76
11/28/2024

0.00 0.00
40,000.00

0.00 40,000.00
Interest
California Asset Management Program
LGIP
CAMP
11/29/2024

0.00 0.00
273,262.50

0.00 273,262.50
Interest
National Securities Clearing 5 5/30/2028-28
637639AK1
11/30/2024

0.00 0.00
125,000.00

0.00 125,000.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
14 104 of 143

CA State Health Facs Fin Revenue Bonds

0.952 6/1/2
13032UXM5
12/1/2024

0.00 0.00
8,330.00

0.00 8,330.00
Interest
CA ST Health Fac Fin Authority 2.991
6/1/2025
13032UC22
12/1/2024

0.00 0.00
29,910.00

0.00 29,910.00
Interest
CA ST Health Fac Fin Authority 2.211
6/1/2025
13032UVC9
12/1/2024

0.00 0.00
33,165.00

0.00 33,165.00
Interest
Johnson & Johnson 4.8 6/1/2029-24
478160CU6
12/1/2024

0.00 0.00
127,333.33

0.00 127,333.33
Interest
State of Maryland GO Bond 3.15 6/1/2026
574193VR6
12/1/2024

0.00 0.00
93,712.50

0.00 93,712.50
Interest
CA ST Health Fac Fin Authority 3.044
6/1/2026
13032UC30
12/1/2024

0.00 0.00
22,830.00

0.00 22,830.00
Interest
Stanford University 1.289 6/1/2027
85440KAC8
12/1/2024

0.00 0.00
45,082.78

0.00 45,082.78
Interest
City of Beverly Hills Revenue Bonds 0.83
6/1/2025
088006JZ5
12/1/2024

0.00 0.00
2,801.25

0.00 2,801.25
Interest
FHLB 1.5 12/2/2026-22
3130APW43
12/2/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
National Securities Clearing Corp 0.75
12/7/2025
637639AE5
12/7/2024

0.00 0.00
18,750.00

0.00 18,750.00
Interest
FHLB 4.625 6/8/2029
3130B1BC0
12/8/2024

0.00 0.00
138,107.64

0.00 138,107.64
Interest
FHLB 4.75 12/8/2028
3130AXQK7
12/8/2024

0.00 0.00
118,750.00

0.00 118,750.00
Interest
FHLB 4 6/9/2028
3130AWC24
12/9/2024

0.00 0.00
100,000.00

0.00 100,000.00
Interest
LA County Pool LGIP
LACPIF
12/9/2024

0.00 0.00
39,678.51

0.00 39,678.51
Interest
FHLB 1.08 6/9/2026-21
3130AMNH1
12/9/2024

0.00 0.00
27,000.00

0.00 27,000.00
Interest
FHLB 4.25 12/10/2027
3130ATUS4
12/10/2024

0.00 0.00
212,500.00

0.00 212,500.00
Interest
FHLB 3.5 6/11/2027
3130ASGU7
12/11/2024

0.00 0.00
52,150.00

0.00 52,150.00
Interest
FHLB 3.125 12/12/2025
3130AEB74
12/12/2024

0.00 0.00
99,609.38

0.00 99,609.38
Interest
Northwestern Mutual GLBL 4.9 6/12/2028
66815L2M0
12/12/2024

0.00 0.00
122,500.00

0.00 122,500.00
Interest
FHLB 3.375 6/13/2025
3130ASG86
12/13/2024

0.00 0.00
50,625.00

0.00 50,625.00
Interest
Walmart Inc 2.65 12/15/2024
931142DV2
12/15/2024

0.00 0.00
75,021.50

0.00 75,021.50
Interest
T-Note 1 12/15/2024
91282CDN8
12/15/2024

0.00 0.00
25,000.00

0.00 25,000.00
Interest
Utah State Transit Authority 1.72
12/15/2027-21
917567GB9
12/15/2024

0.00 0.00
24,811.00

0.00 24,811.00
Interest
FHLB 1.55 12/17/2026-22
3130APXD2
12/17/2024

0.00 0.00
38,750.00

0.00 38,750.00
Interest
FHLB 1.5 6/17/2026-22
3130AQ3G6
12/17/2024

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 4.27 12/18/2028
3130AY4E3
12/18/2024

0.00 0.00
106,750.00

0.00 106,750.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
15 105 of 143

Apple Inc 3 6/20/2027-22
037833CX6
12/20/2024

0.00 0.00
75,000.00

0.00 75,000.00
Interest
FHLB 1.55 12/22/2026-22
3130AQ5C3
12/22/2024

0.00 0.00
38,750.00

0.00 38,750.00
Interest
WALMART INC 3.7 6/26/2028-28
931142EE9
12/26/2024

0.00 0.00
55,500.00

0.00 55,500.00
Interest
T-Note 1.25 12/31/2026
91282CDQ1
12/31/2024

0.00 0.00
31,250.00

0.00 31,250.00
Interest
California Asset Management Program
LGIP
CAMP
12/31/2024

0.00 0.00
373,908.08

0.00 373,908.08
Interest
FHLB 1.625 12/30/2026-22
3130AQAB9
12/31/2024

0.00 0.00
40,625.00

0.00 40,625.00
Interest
Arizona State Transp Brd Hwy Revenue

2.224 7/1/202
040654XX8
1/1/2025

0.00 0.00
24,853.20

0.00 24,853.20
Interest
LA County Pool LGIP
LACPIF
1/1/2025

0.00 0.00
31,533.40

0.00 31,533.40
Interest
University of CA Revenue Bonds 3.063
7/1/2025
91412GU94
1/1/2025

0.00 0.00
88,827.00

0.00 88,827.00
Interest
LADWP Revenue Bond 5.516 7/1/2027-10
544495VX9
1/1/2025

0.00 0.00
200,092.90

0.00 200,092.90
Interest
Arkansas ST GO Bonds 5 7/1/2028
041042V58
1/1/2025

0.00 0.00
54,500.00

0.00 54,500.00
Interest
Walmart Inc 3.25 7/8/2029-25
931142EN9
1/8/2025

0.00 0.00
81,250.00

0.00 81,250.00
Interest
NW Mutual Global 1.75 1/11/2027
66815L2F5
1/11/2025

0.00 0.00
32,287.50

0.00 32,287.50
Interest
FHLB 1.5 1/14/2027-22
3130AQEW9
1/14/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
NW Mutual Global 0.8 1/14/2026
66815L2A6
1/14/2025

0.00 0.00
10,000.00

0.00 10,000.00
Interest
Massmutual Global Funding 2.35 1/14/2027
57629WCQ1
1/14/2025

0.00 0.00
13,442.00

0.00 13,442.00
Interest
New York Life Global 2.35 7/14/2026
64952WCH4
1/14/2025

0.00 0.00
103,400.00

0.00 103,400.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
1/15/2025

0.00 0.00
3,339.25

0.00 3,339.25
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
1/15/2025

0.00 0.00
7,320.68

0.00 7,320.68
Interest
New York Life Global FDG 0.85 1/15/2026
64952WDW0
1/15/2025

0.00 0.00
21,250.00

0.00 21,250.00
Interest
FHLB 1.125 7/15/2026-21
3130AMYP1
1/15/2025

0.00 0.00
28,125.00

0.00 28,125.00
Interest
Massachusetts Cmnwealth Revenue Bond

3.68 7/15/202
576004HD0
1/15/2025

0.00 0.00
184,000.00

0.00 184,000.00
Interest
Johnson & Johnson 2.9 1/15/2028-23
478160CK8
1/15/2025

0.00 0.00
72,500.00

0.00 72,500.00
Interest
T-Note 1.125 1/15/2025
91282CDS7
1/15/2025

0.00 0.00
56,250.00

0.00 56,250.00
Interest
Massmutual Global Funding 1.2 7/16/2026
57629WDE7
1/16/2025

0.00 0.00
30,000.00

0.00 30,000.00
Interest
FHLB 4.32 7/17/2028
3130AX3V8
1/17/2025

0.00 0.00
216,000.00

0.00 216,000.00
Interest
FHLB 3.89 1/18/2029
3130AYK21
1/18/2025

0.00 0.00
97,250.00

0.00 97,250.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
16 106 of 143

FFCB 3.875 1/18/2029
3133EPW84
1/18/2025

0.00 0.00
96,875.00

0.00 96,875.00
Interest
FHLB 1.6 1/19/2027-22
3130AQJ87
1/19/2025

0.00 0.00
40,000.00

0.00 40,000.00
Interest
Proctor & Gamble 3.95 1/26/2028-23
742718FZ7
1/26/2025

0.00 0.00
98,750.00

0.00 98,750.00
Interest
FHLB 1.6 7/27/2026-22
3130AQM83
1/27/2025

0.00 0.00
40,000.00

0.00 40,000.00
Interest
FHLB 1.7 1/27/2027-23
3130AQM26
1/27/2025

0.00 0.00
42,500.00

0.00 42,500.00
Interest
FHLB 0.58 1/28/2026-22
3130AKPQ3
1/28/2025

0.00 0.00
29,000.00

0.00 29,000.00
Interest
FHLB 1.61 1/28/2027-22
3130AQHG1
1/28/2025

0.00 0.00
40,250.00

0.00 40,250.00
Interest
FHLB 1.125 7/29/2026-21
3130AN4R8
1/29/2025

0.00 0.00
28,125.00

0.00 28,125.00
Interest
New York Life Global FDG 4.7 1/29/2029
64952WFF5
1/29/2025

0.00 0.00
117,500.00

0.00 117,500.00
Interest
California Asset Management Program
LGIP
CAMP
1/31/2025

0.00 0.00
511,675.76

0.00 511,675.76
Interest
T-Note 0.25 7/31/2025
91282CAB7
1/31/2025

0.00 0.00
12,500.00

0.00 12,500.00
Interest
State of Maryland GO Bond 2.8 8/1/2027-
12 574193GK8
2/1/2025

0.00 0.00
70,000.00

0.00 70,000.00
Interest
Solano County GO Bonds 1.479 8/1/2028
83412PHS4
2/1/2025

0.00 0.00
13,311.00

0.00 13,311.00
Interest
State of Hawaii General Obligation 1.145
8/1/2028
419792YT7
2/1/2025

0.00 0.00
8,015.00

0.00 8,015.00
Interest
NYC Transitional 2.02 2/1/2027
64971XH27
2/1/2025

0.00 0.00
50,500.00

0.00 50,500.00
Interest
LA County Pool LGIP
LACPIF
2/1/2025

0.00 0.00
26,908.50

0.00 26,908.50
Interest
Roseville Financial Authority 0.887 2/1/2025
77781RCQ4
2/1/2025

0.00 0.00
6,652.50

0.00 6,652.50
Interest
State of Hawaii GO Bond 0.893 8/1/2026
419792YR1
2/1/2025

0.00 0.00
8,528.15

0.00 8,528.15
Interest
Santa Monica Malibu USD 0.849 8/1/2026
802498ZA6
2/1/2025

0.00 0.00
5,497.28

0.00 5,497.28
Interest
New York City Trans Fin Auth Revenue
Bonds 3.35 2/
64971XS25
2/1/2025

0.00 0.00
50,250.00

0.00 50,250.00
Interest
LA Comm Coll Dist GO Bonds 1.174
8/1/2026
54438CYL0
2/1/2025

0.00 0.00
29,350.00

0.00 29,350.00
Interest
Los Angeles CCD 1.606 8/1/2028-20
54438CYM8
2/1/2025

0.00 0.00
31,317.00

0.00 31,317.00
Interest
Andrew W Mellon Foundation 0.947
8/1/2027-22
03444RAB4
2/1/2025

0.00 0.00
30,654.39

0.00 30,654.39
Interest
San Jose CA Redev Agy Successor Agy

3.25 8/1/2029-
798170AM8
2/1/2025

0.00 0.00
81,250.00

0.00 81,250.00
Interest
Apple Inc 1.2 2/8/2028-23
037833EC0
2/8/2025

0.00 0.00
30,000.00

0.00 30,000.00
Interest
FHLB 1.05 8/12/2026-22
3130ANBR0
2/12/2025

0.00 0.00
26,250.00

0.00 26,250.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
17 107 of 143

FHLB 1 8/12/2026-21
3130ANET3
2/12/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
T-Note 1.5 2/15/2025
91282CDZ1
2/15/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
Alphabet Inc 1.998 8/15/2026
02079KAC1
2/15/2025

0.00 0.00
49,950.00

0.00 49,950.00
Interest
FHLB 4 2/15/2028
3130AYB70
2/15/2025

0.00 0.00
100,000.00

0.00 100,000.00
Interest
T-Note 1.625 8/15/2029
912828YB0
2/15/2025

0.00 0.00
40,625.00

0.00 40,625.00
Interest
T-Note 2.25 8/15/2027
9128282R0
2/15/2025

0.00 0.00
56,250.00

0.00 56,250.00
Interest
T-Note 2.625 2/15/2029
9128286B1
2/15/2025

0.00 0.00
131,250.00

0.00 131,250.00
Interest
New York State Dormitory 2.558 2/15/2027
64990FS88
2/15/2025

0.00 0.00
31,527.35

0.00 31,527.35
Interest
T-Note 2.875 8/15/2028
9128284V9
2/15/2025

0.00 0.00
71,875.00

0.00 71,875.00
Interest
FHLB 1.9 2/17/2027-22
3130AQPE7
2/17/2025

0.00 0.00
63,175.00

0.00 63,175.00
Interest
FHLB 0.555 2/18/2026-21
3130AKYG5
2/18/2025

0.00 0.00
27,750.00

0.00 27,750.00
Interest
FHLB 2 2/25/2027-22
3130AQRH8
2/25/2025

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 1.05 8/26/2026-21
3130ANND8
2/26/2025

0.00 0.00
26,250.00

0.00 26,250.00
Interest
FHLB 0.63 2/26/2026-21
3130ALB94
2/26/2025

0.00 0.00
15,750.00

0.00 15,750.00
Interest
FHLB 1.05 8/27/2026-21
3130ANM56
2/27/2025

0.00 0.00
38,850.00

0.00 38,850.00
Interest
T-Note 0.5 2/28/2026
91282CBQ3
2/28/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 1.6 8/28/2025-23
3130AQT94
2/28/2025

0.00 0.00
40,000.00

0.00 40,000.00
Interest
California Asset Management Program
LGIP
CAMP
2/28/2025

0.00 0.00
461,324.75

0.00 461,324.75
Interest
FHLB 2 2/28/2025-23
3130AQZF3
2/28/2025

0.00 0.00
50,000.00

0.00 50,000.00
Interest
T-Note 0.25 8/31/2025
91282CAJ0
2/28/2025

0.00 0.00
12,500.00

0.00 12,500.00
Interest
LA County Pool LGIP
LACPIF
3/1/2025

0.00 0.00
18,023.72

0.00 18,023.72
Interest
State of California GO Bond 5.125 9/1/2029
13063EBP0
3/1/2025

0.00 0.00
128,125.00

0.00 128,125.00
Interest
San Jose Evergreen GO Bond 5.07
9/1/2028
798189TN6
3/1/2025

0.00 0.00
38,025.00

0.00 38,025.00
Interest
Virginia State College Revenue Bond 0.61
9/1/2025
92778WKR6
3/1/2025

0.00 0.00
15,250.00

0.00 15,250.00
Interest
City of San Jose GO Bonds 2.45 9/1/2025
798135E88
3/1/2025

0.00 0.00
54,022.50

0.00 54,022.50
Interest
Alabama Federal Aid (010268CN8) 1.268
9/1/2026
010268EM8-F3
3/1/2025

0.00 0.00
19,020.00

0.00 19,020.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
18 108 of 143

Glendale CA Unified School Dist 1.263
9/1/2028
378460C23
3/1/2025

0.00 0.00
7,672.73

0.00 7,672.73
Interest
Johnson and Johnson 2.95 3/3/2027
478160CE2
3/3/2025

0.00 0.00
90,771.50

0.00 90,771.50
Interest
Massmutual Global Funding 3.4 3/8/2026
57629WCH1
3/8/2025

0.00 0.00
45,118.00

0.00 45,118.00
Interest
FHLB 4.375 9/8/2028
3130AWTR1
3/8/2025

0.00 0.00
109,375.00

0.00 109,375.00
Interest
FHLB 4.5 3/9/2029
3130AVBD3
3/9/2025

0.00 0.00
112,500.00

0.00 112,500.00
Interest
FHLB 3.25 9/10/2027
3130AT7E1
3/10/2025

0.00 0.00
81,250.00

0.00 81,250.00
Interest
FHLB 2 3/10/2025-22
3130AR4D0
3/10/2025

0.00 0.00
50,000.00

0.00 50,000.00
Interest
FHLB 4.5 3/10/2028
3130ATS57
3/10/2025

0.00 0.00
225,000.00

0.00 225,000.00
Interest
Apple Inc 2.05 9/11/2026
037833DN7
3/11/2025

0.00 0.00
51,250.00

0.00 51,250.00
Interest
Apple Inc 2.2 9/11/2029-29
037833DP2
3/11/2025

0.00 0.00
55,000.00

0.00 55,000.00
Interest
FHLB 4.875 9/12/2025
3130AWS92
3/12/2025

0.00 0.00
73,125.00

0.00 73,125.00
Interest
FHLB 4.625 3/14/2025
3130AUZC1
3/14/2025

0.00 0.00
115,625.00

0.00 115,625.00
Interest
FHLB 5.125 3/14/2025
3130AWT59
3/14/2025

0.00 0.00
76,875.00

0.00 76,875.00
Interest
New York State Dormitory 1.538 3/15/2027
64990FD68
3/15/2025

0.00 0.00
38,450.00

0.00 38,450.00
Interest
New York State Urban Dev 3.35 3/15/2026
650036EN2
3/15/2025

0.00 0.00
31,741.25

0.00 31,741.25
Interest
New York State Urban Dev (64985TBA8)

2.25 3/15/202
64985TDP3-Q1
3/15/2025

0.00 0.00
56,250.00

0.00 56,250.00
Interest
New York State Urban Dev 3.35 3/15/2026
650036EP7
3/15/2025

0.00 0.00
23,533.75

0.00 23,533.75
Interest
NW Mutual Global 4.35 9/15/2027
66815L2K4
3/15/2025

0.00 0.00
108,750.00

0.00 108,750.00
Interest
FHLB 1 9/16/2026-21
3130ANTD2
3/16/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 0.8 3/16/2026-21
3130ALDN1
3/16/2025

0.00 0.00
20,000.00

0.00 20,000.00
Interest
FHLB 1 9/17/2026-22
3130ANSB7
3/17/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 1.04 9/21/2026-21
3130ANUN8
3/21/2025

0.00 0.00
26,000.00

0.00 26,000.00
Interest
FFCB 4.5 9/22/2028
3133EPWK7
3/22/2025

0.00 0.00
112,500.00

0.00 112,500.00
Interest
FHLB 4.02 3/24/2028
3130AYNF9
3/24/2025

0.00 0.00
100,500.00

0.00 100,500.00
Interest
FHLB 1.06 9/28/2026-21
3130ANUZ1
3/28/2025

0.00 0.00
53,000.00

0.00 53,000.00
Interest
FHLB 2.35 3/29/2027-22
3130ARA68
3/29/2025

0.00 0.00
58,750.00

0.00 58,750.00
Interest
FHLB 1.5 3/30/2026-22
3130AQBQ5
3/30/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
19 109 of 143

FHLB 1 9/30/2026-22
3130AP6D2
3/30/2025

0.00 0.00
44,500.00

0.00 44,500.00
Interest
FHLB 0.91 12/30/2025-21
3130ALVL5
3/31/2025

0.00 0.00
22,750.00

0.00 22,750.00
Interest
FHLB 1 3/30/2026-21
3130AMZA3
3/31/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
California Asset Management Program
LGIP
CAMP
3/31/2025

0.00 0.00
492,592.57

0.00 492,592.57
Interest
T-Note 2.375 3/31/2029
91282CEE7
3/31/2025

0.00 0.00
59,375.00

0.00 59,375.00
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
68607V4K8
4/1/2025

0.00 0.00
56,027.25

0.00 56,027.25
Interest
State of California GO Bond 3.05 4/1/2029
13063DMB1
4/1/2025

0.00 0.00
76,250.00

0.00 76,250.00
Interest
State of CA GO Bond 5.25 10/1/2027
13063D2U1
4/1/2025

0.00 0.00
131,250.00

0.00 131,250.00
Interest
LA County Pool LGIP
LACPIF
4/1/2025

0.00 0.00
17,741.27

0.00 17,741.27
Interest
State of Hawaii GO Bond 1.283 10/1/2026
419792A97
4/1/2025

0.00 0.00
11,226.25

0.00 11,226.25
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
68607V4M4
4/1/2025

0.00 0.00
35,402.50

0.00 35,402.50
Interest
Oregon State Dept of Admin Svcs Lottery
Revenue 3.
68607V4L6
4/1/2025

0.00 0.00
19,980.00

0.00 19,980.00
Interest
State of CA GO Bond 3.375 4/1/2025
13063DGB8
4/1/2025

0.00 0.00
54,000.00

0.00 54,000.00
Interest
State of California GO Bond 5 10/1/2028
13063D2V9
4/1/2025

0.00 0.00
125,000.00

0.00 125,000.00
Interest
Colorado St Housing Auth Revenue Bond

1.218 4/1/20
196480KQ9
4/1/2025

0.00 0.00
8,952.30

0.00 8,952.30
Interest
Oregon St Dept of Adm Svcs Lottery
Revenue 4.142 4
68607V4J1
4/1/2025

0.00 0.00
77,869.60

0.00 77,869.60
Interest
Bay Area Toll Authority Revenue Bond

1.433 4/1/202
072024XD9
4/1/2025

0.00 0.00
16,586.98

0.00 16,586.98
Interest
Colorado St Housing Auth Revenue Bond

1.318 10/1/2
196480KR7
4/1/2025

0.00 0.00
9,819.10

0.00 9,819.10
Interest
FHLB 4.72 10/11/2028
3130AXG44
4/11/2025

0.00 0.00
118,000.00

0.00 118,000.00
Interest
FHLB 3.43 4/12/2028
3130AVWV0
4/12/2025

0.00 0.00
85,750.00

0.00 85,750.00
Interest
FHLB 1.2 10/14/2026-22
3130APDR3
4/14/2025

0.00 0.00
30,000.00

0.00 30,000.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-GFA
4/15/2025

0.00 0.00
87,837.99

0.00 87,837.99
Interest
Walmart Inc 3.9 4/15/2028-28
931142FB4
4/15/2025

0.00 0.00
97,500.00

0.00 97,500.00
Interest
CA Local Agency Inv. Fund LGIP-Quarterly

LAIF-CITY
4/15/2025

0.00 0.00
91,654.36

0.00 91,654.36
Interest
T-Note 4.25 10/15/2025
91282CFP1
4/15/2025

0.00 0.00
106,250.00

0.00 106,250.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
20 110 of 143

FHLB 1.15 10/19/2026-22
3130APD28
4/19/2025

0.00 0.00
28,750.00

0.00 28,750.00
Interest
FHLB 1.1 10/21/2026-22
3130APAY1
4/21/2025

0.00 0.00
27,500.00

0.00 27,500.00
Interest
FHLB 4.8 10/23/2028
3130AXKP2
4/23/2025

0.00 0.00
120,000.00

0.00 120,000.00
Interest
National Securities Clearing Corp 1.5
4/23/2025
637639AB1
4/23/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FNMA 2.125 4/24/2026
3135G0K36
4/24/2025

0.00 0.00
106,250.00

0.00 106,250.00
Interest
FHLB 1.15 10/26/2026-21
3130AP4H5
4/26/2025

0.00 0.00
28,750.00

0.00 28,750.00
Interest
FHLB 1.15 10/28/2026-22
3130APGP4
4/28/2025

0.00 0.00
28,750.00

0.00 28,750.00
Interest
Guardian Life 5.55 10/28/2027
40139LBG7
4/28/2025

0.00 0.00
138,750.00

0.00 138,750.00
Interest
FHLB 1.35 4/29/2027-23
3130ALZE7
4/29/2025

0.00 0.00
20,250.00

0.00 20,250.00
Interest
T-Note 0.25 10/31/2025
91282CAT8
4/30/2025

0.00 0.00
6,250.00

0.00 6,250.00
Interest
California Asset Management Program
LGIP
CAMP
4/30/2025

0.00 0.00
476,457.82

0.00 476,457.82
Interest
T-Note 2.875 4/30/2029
91282CEM9
4/30/2025

0.00 0.00
71,875.00

0.00 71,875.00
Interest
T-Note 4 10/31/2029
91282CFT3
4/30/2025

0.00 0.00
200,000.00

0.00 200,000.00
Interest
T-Note 2.75 4/30/2027
91282CEN7
4/30/2025

0.00 0.00
68,750.00

0.00 68,750.00
Interest
LA County Pool LGIP
LACPIF
5/1/2025

0.00 0.00
17,534.02

0.00 17,534.02
Interest
State of Oregon GO Bonds 4.912 5/1/2029-
24 68609UJS5
5/1/2025

0.00 0.00
49,120.00

0.00 49,120.00
Interest
CA ST University Revenue Bond 1.361
11/1/2027-22
13077DQF2
5/1/2025

0.00 0.00
12,963.53

0.00 12,963.53
Interest
California St University Revenue Bond

1.521 11/1/2
13077DQG0
5/1/2025

0.00 0.00
15,210.00

0.00 15,210.00
Interest
USAA Capital Corp 3.375 5/1/2025
90327QD89
5/1/2025

0.00 0.00
84,375.00

0.00 84,375.00
Interest
FHLB 3.42 5/10/2028
3130AVWW8
5/10/2025

0.00 0.00
85,500.00

0.00 85,500.00
Interest
FHLB 1.25 11/10/2026-22
3130APKQ7
5/10/2025

0.00 0.00
31,250.00

0.00 31,250.00
Interest
Apple Inc 3.2 5/11/2027
037833CR9
5/11/2025

0.00 0.00
80,000.00

0.00 80,000.00
Interest
Apple Inc 3 11/13/2027-22
037833DK3
5/13/2025

0.00 0.00
75,000.00

0.00 75,000.00
Interest
Guardian Life 1.25 5/13/2026
40139LBD4
5/13/2025

0.00 0.00
29,206.25

0.00 29,206.25
Interest
University of CA Revenues 1.372 5/15/2028
-23
91412HJP9
5/15/2025

0.00 0.00
15,435.00

0.00 15,435.00
Interest
Texas A&M University 3.086 5/15/2029-27
88213AKG9
5/15/2025

0.00 0.00
77,150.00

0.00 77,150.00
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
21 111 of 143

T-Note 1.75 11/15/2029
912828YS3
5/15/2025

0.00 0.00
87,500.00

0.00 87,500.00
Interest
University of California Revenue Bonds

1.266 5/15/
91412HFN8
5/15/2025

0.00 0.00
23,737.50

0.00 23,737.50
Interest
University of CA Revenue Bonds 1.316
5/15/2027
91412HGF4
5/15/2025

0.00 0.00
48,823.60

0.00 48,823.60
Interest
Texas A&M University 2.933 5/15/2026
88213ABX2
5/15/2025

0.00 0.00
21,997.50

0.00 21,997.50
Interest
Ascension Health 2.532 11/15/2029
04352EAA3
5/15/2025

0.00 0.00
37,980.00

0.00 37,980.00
Interest
FNMA 4.75 5/15/2029-25
3135GASE2
5/15/2025

0.00 0.00
118,750.00

0.00 118,750.00
Interest
University of CA Revenue Bonds 0.883
5/15/2025
91412HGE7
5/15/2025

0.00 0.00
23,929.30

0.00 23,929.30
Interest
FHLB 4.55 11/15/2028
3130AXRK6
5/15/2025

0.00 0.00
113,750.00

0.00 113,750.00
Interest
T-Note 3.125 11/15/2028
9128285M8
5/15/2025

0.00 0.00
78,125.00

0.00 78,125.00
Interest
FHLB 1.2 11/18/2025-22
3130APQG3
5/18/2025

0.00 0.00
30,000.00

0.00 30,000.00
Interest
National Securities Clearing Corp 5.1
11/21/2027-
637639AH8
5/21/2025

0.00 0.00
100,725.00

0.00 100,725.00
Interest
FHLB 1 5/22/2026-22
3130AMCB6
5/22/2025

0.00 0.00
25,000.00

0.00 25,000.00
Interest
FHLB 1.5 11/23/2026-22
3130APRJ6
5/23/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 1.5 11/24/2026-22
3130APQW8
5/24/2025

0.00 0.00
75,000.00

0.00 75,000.00
Interest
FHLB 1.6 11/28/2025-23
3130AQU76
5/28/2025

0.00 0.00
40,000.00

0.00 40,000.00
Interest
California Asset Management Program
LGIP
CAMP
5/30/2025

0.00 0.00
499,240.61

0.00 499,240.61
Interest
National Securities Clearing 5 5/30/2028-28
637639AK1
5/31/2025

0.00 0.00
125,000.00

0.00 125,000.00
Interest
LA County Pool LGIP
LACPIF
6/1/2025

0.00 0.00
18,620.43

0.00 18,620.43
Interest
CA State Health Facs Fin Revenue Bonds

0.952 6/1/2
13032UXM5
6/1/2025

0.00 0.00
8,330.00

0.00 8,330.00
Interest
CA ST Health Fac Fin Authority 2.991
6/1/2025
13032UC22
6/1/2025

0.00 0.00
29,910.00

0.00 29,910.00
Interest
CA ST Health Fac Fin Authority 2.211
6/1/2025
13032UVC9
6/1/2025

0.00 0.00
33,165.00

0.00 33,165.00
Interest
Johnson & Johnson 4.8 6/1/2029-24
478160CU6
6/1/2025

0.00 0.00
120,000.00

0.00 120,000.00
Interest
State of Maryland GO Bond 3.15 6/1/2026
574193VR6
6/1/2025

0.00 0.00
93,712.50

0.00 93,712.50
Interest
CA ST Health Fac Fin Authority 3.044
6/1/2026
13032UC30
6/1/2025

0.00 0.00
22,830.00

0.00 22,830.00
Interest
Stanford University 1.289 6/1/2027
85440KAC8
6/1/2025

0.00 0.00
45,082.78

0.00 45,082.78
Interest
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
22 112 of 143

City of Beverly Hills Revenue Bonds 0.83
6/1/2025
088006JZ5
6/1/2025

0.00 0.00
2,801.25

0.00 2,801.25
Interest
FHLB 1.5 12/2/2026-22
3130APW43
6/2/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
New York Life Global FDG 4.6 12/5/2029
64952WFK4
6/5/2025

0.00 0.00
115,000.00

0.00 115,000.00
Interest
National Securities Clearing Corp 0.75
12/7/2025
637639AE5
6/7/2025

0.00 0.00
18,750.00

0.00 18,750.00
Interest
FHLB 4.625 6/8/2029
3130B1BC0
6/8/2025

0.00 0.00
115,625.00

0.00 115,625.00
Interest
FHLB 4.75 12/8/2028
3130AXQK7
6/8/2025

0.00 0.00
118,750.00

0.00 118,750.00
Interest
FHLB 4 6/9/2028
3130AWC24
6/9/2025

0.00 0.00
100,000.00

0.00 100,000.00
Interest
FHLB 1.08 6/9/2026-21
3130AMNH1
6/9/2025

0.00 0.00
27,000.00

0.00 27,000.00
Interest
FHLB 4.25 12/10/2027
3130ATUS4
6/10/2025

0.00 0.00
212,500.00

0.00 212,500.00
Interest
FHLB 3.5 6/11/2027
3130ASGU7
6/11/2025

0.00 0.00
52,150.00

0.00 52,150.00
Interest
FHLB 3.125 12/12/2025
3130AEB74
6/12/2025

0.00 0.00
99,609.38

0.00 99,609.38
Interest
Northwestern Mutual GLBL 4.9 6/12/2028
66815L2M0
6/12/2025

0.00 0.00
122,500.00

0.00 122,500.00
Interest
FHLB 3.375 6/13/2025
3130ASG86
6/13/2025

0.00 0.00
50,625.00

0.00 50,625.00
Interest
FHLB 4.5 12/14/2029
3130ATUT2
6/14/2025

0.00 0.00
112,500.00

0.00 112,500.00
Interest
Utah State Transit Authority 1.72
12/15/2027-21
917567GB9
6/15/2025

0.00 0.00
24,811.00

0.00 24,811.00
Interest
FHLB 1.55 12/17/2026-22
3130APXD2
6/17/2025

0.00 0.00
38,750.00

0.00 38,750.00
Interest
FHLB 1.5 6/17/2026-22
3130AQ3G6
6/17/2025

0.00 0.00
37,500.00

0.00 37,500.00
Interest
FHLB 4.27 12/18/2028
3130AY4E3
6/18/2025

0.00 0.00
106,750.00

0.00 106,750.00
Interest
Apple Inc 3 6/20/2027-22
037833CX6
6/20/2025

0.00 0.00
75,000.00

0.00 75,000.00
Interest
FHLB 1.55 12/22/2026-22
3130AQ5C3
6/22/2025

0.00 0.00
38,750.00

0.00 38,750.00
Interest
WALMART INC 3.7 6/26/2028-28
931142EE9
6/26/2025

0.00 0.00
55,500.00

0.00 55,500.00
Interest
T-Note 1.25 12/31/2026
91282CDQ1
6/30/2025

0.00 0.00
31,250.00

0.00 31,250.00
Interest
California Asset Management Program
LGIP
CAMP
6/30/2025

0.00 0.00
555,002.87

0.00 555,002.87
Interest
FHLB 1.625 12/30/2026-22
3130AQAB9
6/30/2025

0.00 0.00
40,625.00

0.00 40,625.00
Interest

0.00 0.00
27,411,737.84
27,411,737.84
Subtotal

0.00 0.00
27,411,737.84
27,411,737.84
Total Interest/Dividends
Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
23 113 of 143

Description
CUSIP
YTM @ Cost
Settlement Date
Principal
Face Amount /
Shares
Purchase Price
Action
Interest /
Dividends
Total
Begin Date: 6/30/2024, End Date: 6/30/2025
City of Glendale
Transaction Summary by Action
City of Glendale
24 114 of 143

CAMP
CAMP
California Asset Management Program LGIP
153,845,793.05
11/20/2023

4.40 153,845,793.05
153,845,793.05
100.00

4.40 153,845,793.05

0.00 13.47%
NR
NR
0 1
1 0

13.47%

0.00 153,845,793.05

4.40 153,845,793.05
153,845,793.05

4.40 153,845,793.05
Sub Total CAMP
Corporate
02079KAC1
Alphabet Inc 1.998 8/15/2026
5,000,000.00
3/10/2022

2.04 4,998,007.20
4,992,150.00

97.83 3.99
37,462.50
4,891,501.05
-106,506.15

0.44%
Moodys-Aa2
S&P-AA+

1.11 411
03444RAB4
Andrew W Mellon Foundation 0.947 8/1/2027
-22
6,474,000.00
11/18/2022

4.52 6,043,890.37
5,504,842.20

93.90 4.02
25,375.02
6,079,312.65
35,422.28

0.53%

S&P-AAA
Moodys-Aaa

2.06 762
037833EC0
Apple Inc 1.2 2/8/2028-23
5,000,000.00
2/16/2023

4.43 4,625,300.11
4,285,200.00

93.25 3.95
23,666.67
4,662,528.75
37,228.64

0.41%
S&P-AA+
Moodys-Aaa

2.56 953
037833DU1
Apple Inc 1.65 5/11/2030-25
2,000,000.00
5/21/2025

4.26 1,773,560.00
1,768,460.00

89.08 4.15
4,491.67
1,781,534.80
7,974.80

0.16%
S&P-AA+
Moodys-Aaa

4.67 11
037833DN7
Apple Inc 2.05 9/11/2026
5,000,000.00
1/12/2022

1.66 5,022,486.40
5,087,430.00

97.70 4.04
31,034.72
4,884,897.70
-137,588.70

0.44%
S&P-AA+
Moodys-Aaa

1.18 438
037833DP2
Apple Inc 2.2 9/11/2029-29
5,000,000.00
1/23/2025

4.55 4,558,793.68
4,513,350.00

92.81 4.08
33,305.56
4,640,479.85
81,686.17

0.4%
S&P-AA+
Moodys-Aaa
4 1442
037833DK3
Apple Inc 3 11/13/2027-22
5,000,000.00
12/9/2022

4.10 4,882,560.78
4,755,900.00

98.05 3.87
19,583.33
4,902,446.20
19,885.42

0.43%
S&P-AA+
Moodys-Aaa

2.3 866
037833CX6
Apple Inc 3 6/20/2027-22
5,000,000.00
11/4/2022

4.51 4,867,104.80
4,688,250.00

98.27 3.92
4,166.67
4,913,649.90
46,545.10

0.43%
S&P-AA+
Moodys-Aaa

1.93 720
037833CR9
Apple Inc 3.2 5/11/2027
5,000,000.00
5/11/2022

3.46 4,977,860.90
4,940,550.00

98.70 3.93
21,777.78
4,934,890.35
-42,970.55

0.44%
S&P-AA+
Moodys-Aaa

1.82 680
04352EAA3
Ascension Health 2.532 11/15/2029
3,000,000.00
1/21/2025

4.76 2,741,605.60
2,715,750.00

93.20 4.25
9,495.00
2,795,948.10
54,342.50

0.24%
S&P-AA
Moodys-Aa2

4.15 1599
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
25 115 of 143

02079KAK3
Google 4 5/15/2030-30
5,000,000.00
5/15/2025

4.17 4,962,713.58
4,961,750.00
100.06

3.99 32,777.78
5,003,042.75
40,329.17

0.43%
S&P-AA+
Moodys-Aa2

4.45 1750
40139LBD4
Guardian Life 1.25 5/13/2026
3,473,000.00
6/10/2021

1.12 3,476,802.47
3,494,567.31

97.33 4.41
5,667.74
3,380,362.10
-96,440.37

0.3%
S&P-AA+
Moodys-Aa2

0.87 317
40139LBD4
Guardian Life 1.25 5/13/2026
1,200,000.00
8/9/2021

1.03 1,202,282.84
1,212,516.00

97.33 4.41
1,958.33
1,167,991.51
-34,291.33

0.11%
S&P-AA+
Moodys-Aa2

0.87 317
40139LBK8
GUARDIAN LIFE 4.798 4/28/2030
3,000,000.00
6/11/2025

4.60 3,025,257.79
3,025,530.00
101.69

4.40 24,789.67
3,050,767.50
25,509.71

0.26%
S&P-AA+
Moodys-A1

4.34 1763
40139LBG7
Guardian Life 5.55 10/28/2027
5,000,000.00
12/6/2022

4.81 5,075,813.30
5,159,386.32
102.97

4.19 47,791.67
5,148,632.60
72,819.30

0.44%
S&P-AA+
Moodys-Aa1

2.2 850
478160CK8
Johnson & Johnson 2.9 1/15/2028-23
5,000,000.00
1/17/2023

3.95 4,880,309.76
4,765,000.00

97.66 3.88
66,458.33
4,882,914.25
2,604.49

0.43%

S&P-AAA
Moodys-Aaa

2.43 929
478160DJ0
Johnson & Johnson 4.7 3/1/2030-30
5,000,000.00
3/5/2025

4.31 5,081,881.17
5,087,500.00
102.34

4.14 84,861.11
5,117,241.90
35,360.73

0.45%
Moodys-Aaa

S&P-AAA

4.18 1677
478160CU6
Johnson & Johnson 4.8 6/1/2029-24
5,000,000.00
6/3/2024

4.78 5,003,140.35
5,004,000.00
102.73

4.04 19,333.33
5,136,432.05
133,291.70

0.44%

S&P-AAA
Moodys-Aaa

3.61 1
478160CE2
Johnson and Johnson 2.95 3/3/2027
4,154,000.00
3/9/2022

2.06 4,212,571.40
4,328,468.00

98.50 3.88
39,826.48
4,091,608.21
-120,963.19

0.37%

S&P-AAA
Moodys-Aaa

1.63 611
478160CE2
Johnson and Johnson 2.95 3/3/2027
2,000,000.00
4/25/2022

3.25 1,990,915.98
1,973,640.00

98.50 3.88
19,175.00
1,969,960.62
-20,955.36

0.17%

S&P-AAA
Moodys-Aaa

1.63 611
57629WDE7
Massmutual Global Funding 1.2 7/16/2026
5,000,000.00
7/16/2021

1.15 5,002,503.83
5,012,000.00

96.92 4.25
27,333.33
4,845,960.45
-156,543.38

0.44%
S&P-AA+
Moodys-Aa3

1.04 381
57629WCQ1
Massmutual Global Funding 2.35 1/14/2027
1,144,000.00
7/20/2022

4.03 1,117,238.99
1,066,093.60

97.33 4.16
12,396.51
1,113,468.46
-3,770.53

0.1%
S&P-AA+
Moodys-Aa3

1.5 563
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
26 116 of 143

57629WCH1
Massmutual Global Funding 3.4 3/8/2026
2,654,000.00
4/5/2021

1.28 2,691,368.35
2,921,682.44

99.40 4.29
28,073.42
2,638,045.08
-53,323.27

0.24%
S&P-AA+
Moodys-Aa3

0.68 251
57629TBV8
Massmutual Global Funding 4.95 1/10/2030
5,000,000.00
1/10/2025

4.91 5,007,704.00
5,008,500.00
102.11

4.43 116,875.00
5,105,693.90
97,989.90

0.44%
Fitch-AA+
Moodys-Aa3

4.02 1655
637639AQ8
National Secs Clearing 4.7 5/20/2030-25
5,000,000.00
5/21/2025

4.55 5,032,114.77
5,032,834.43
101.67

4.32 26,111.11
5,083,635.80
51,521.03

0.44%
S&P-AA+
Moodys-Aaa

4.41 20
637639AK1
National Securities Clearing 5 5/30/2028-28
5,000,000.00
5/30/2023

4.77 5,029,146.14
5,050,000.00
102.14

4.21 20,833.33
5,106,937.10
77,790.96

0.44%
S&P-AA+
Moodys-Aaa

2.74 1035
637639AE5
National Securities Clearing Corp 0.75
12/7/2025
5,000,000.00
3/1/2021

1.03 4,994,029.85
4,935,000.00

98.39 4.51
2,395.83
4,919,530.30
-74,499.55

0.44%
S&P-AA+
Moodys-Aaa

0.44 160
637639AH8
National Securities Clearing Corp 5.1
11/21/2027-
1,950,000.00
12/6/2022

4.76 1,963,785.53
1,978,564.76
102.32

4.07 10,773.75
1,995,319.89
31,534.36

0.17%
S&P-AA+
Moodys-Aaa

2.27 874
637639AH8
National Securities Clearing Corp 5.1
11/21/2027-
2,000,000.00
1/30/2023

4.31 2,033,646.01
2,067,600.00
102.32

4.07 11,050.00
2,046,481.94
12,835.93

0.18%
S&P-AA+
Moodys-Aaa

2.27 874
64952WCH4
New York Life Global 2.35 7/14/2026
5,000,000.00
1/6/2022

1.62 5,036,659.64
5,159,600.00

97.98 4.36
54,180.56
4,898,899.86
-137,759.78

0.44%
S&P-AA+
Moodys-Aaa

1.02 379
64952WCH4
New York Life Global 2.35 7/14/2026
3,800,000.00
1/12/2022

1.83 3,819,805.71
3,885,911.83

97.98 4.36
41,177.22
3,723,163.89
-96,641.82

0.33%
S&P-AA+
Moodys-Aaa

1.02 379
64952WDW0
New York Life Global FDG 0.85 1/15/2026
5,000,000.00
3/2/2021

1.10 4,993,390.52
4,940,880.00

98.13 4.38
19,479.17
4,906,618.20
-86,772.32

0.44%
S&P-AA+
Moodys-Aaa

0.54 199
64952WFK4
New York Life Global FDG 4.6 12/5/2029
5,000,000.00
12/20/2024

4.71 4,978,365.65
4,975,800.00
101.09

4.33 15,972.22
5,054,357.65
75,992.00

0.44%
S&P-AA+
Moodys-Aaa

4.05 1619
64952WFF5
New York Life Global FDG 4.7 1/29/2029
5,000,000.00
2/14/2024

4.76 4,990,422.83
4,986,750.00
101.28

4.31 98,569.44
5,064,156.75
73,733.92

0.44%
S&P-AA+
Moodys-Aaa

3.28 1309
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
27 117 of 143

66815L2M0
Northwestern Mutual GLBL 4.9 6/12/2028
5,000,000.00
6/14/2023

4.76 5,018,179.44
5,030,776.89
101.96

4.19 12,250.00
5,097,831.20
79,651.76

0.44%
S&P-AA+
Moodys-Aaa

2.78 1078
66815L2A6
NW Mutual Global 0.8 1/14/2026
2,500,000.00
8/11/2021

1.00 2,497,355.10
2,478,400.00

98.10 4.41
9,222.22
2,452,465.18
-44,889.92

0.22%
S&P-AA+
Moodys-Aaa

0.54 198
66815L2F5
NW Mutual Global 1.75 1/11/2027
3,690,000.00
3/23/2022

2.74 3,637,886.69
3,526,680.60

96.45 4.17
30,314.38
3,559,145.29
-78,741.40

0.32%
S&P-AA+
Moodys-Aaa

1.5 560
66815L2K4
NW Mutual Global 4.35 9/15/2027
5,000,000.00
9/15/2022

4.15 5,019,755.15
5,044,700.00
100.37

4.17 63,437.50
5,018,283.50
-1,471.65

0.44%
Moodys-Aaa
S&P-AA+

2.1 807
66815L2U2
NW Mutual Global 4.96 1/13/2030
5,000,000.00
2/5/2025

4.73 5,045,978.92
5,050,000.00
102.10

4.44 115,044.44
5,104,793.70
58,814.78

0.44%
S&P-AA+
Moodys-Aaa

4.03 1658
740816AS2
PERS & Fellows 4.887 3/15/2030-30
5,000,000.00
4/16/2025

4.56 5,069,612.79
5,072,650.00
102.62

4.27 50,227.50
5,131,154.30
61,541.51

0.44%

S&P-AAA
Moodys-Aaa

4.23 1691
742718FZ7
Proctor & Gamble 3.95 1/26/2028-23
5,000,000.00
2/6/2023

3.75 5,023,849.59
5,046,050.00
100.53

3.73 84,486.11
5,026,440.00
2,590.41

0.44%

S&P-AA-
Moodys-Aa3

2.43 940
832432AN8
Smthsonian Institution 1.867 9/1/2029
2,000,000.00
4/3/2025

4.32 1,815,474.99
1,804,820.00

90.86 4.28
12,342.94
1,817,253.48
1,778.49

0.16%

S&P-AAA
Moodys-Aaa
4 1524
85440KAC8
Stanford University 1.289 6/1/2027
1,995,000.00
6/2/2022

3.22 1,927,197.90
1,818,482.40

95.28 3.86
2,071.53
1,900,838.35
-26,359.55

0.17%

S&P-AAA
Moodys-Aaa

1.9 701
85440KAC8
Stanford University 1.289 6/1/2027
5,000,000.00
3/3/2023

4.49 4,723,057.54
4,387,250.00

95.28 3.86
5,191.81
4,764,005.89
40,948.35

0.41%

S&P-AAA
Moodys-Aaa

1.9 701
931142EN9
Walmart Inc 3.25 7/8/2029-25
5,000,000.00
7/10/2024

4.41 4,792,616.50
4,742,500.00

97.43 3.95
77,638.89
4,871,427.35
78,810.85

0.42%
S&P-AA
Moodys-Aa2

3.74 8
931142EE9
WALMART INC 3.7 6/26/2028-28
3,000,000.00
8/10/2023

4.31 2,951,071.41
2,920,155.00

99.61 3.84
1,233.33
2,988,256.14
37,184.73

0.26%
S&P-AA
Moodys-Aa2

2.86 1000
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
28 118 of 143

931142FB4
Walmart Inc 3.9 4/15/2028-28
5,000,000.00
4/19/2023

4.00 4,987,438.84
4,977,550.00
100.11

3.86 40,625.00
5,005,322.30
17,883.46

0.44%
S&P-AA
Moodys-Aa2

2.65 989
931142FC2
Walmart Inc 4 4/15/2030-25
5,000,000.00
5/23/2025

4.23 4,950,769.02
4,949,700.00
100.06

3.99 41,666.67
5,002,766.90
51,997.88

0.43%
S&P-AA
Moodys-Aa2

4.37 15
98459LAB9
Yale University 1.482 4/15/2030-30
5,000,000.00
4/15/2025

4.30 4,398,138.01
4,372,000.00

88.42 4.17
15,437.50
4,421,192.20
23,054.19

0.39%

S&P-AAA
Moodys-Aaa

4.62 1660
834

2.61 17.72%
148,165.70
202,099,587.89
1,599,409.07

4.13 200,507,171.78
201,951,422.19

3.66 205,034,000.00
Sub Total Corporate
Federal Agency Callable Bonds
3130AKYG5
FHLB 0.555 2/18/2026-21
10,000,000.00
2/18/2021

0.56 10,000,000.00
10,000,000.00

97.69 4.30
20,350.00
9,768,614.90
-231,385.10

0.88%
S&P-AA+
Moodys-Aaa

0.63 49
3130AKPQ3
FHLB 0.58 1/28/2026-22
10,000,000.00
3/19/2021

0.92 9,980,721.85
9,838,500.00

97.90 4.30
24,488.89
9,790,017.50
-190,704.35

0.87%
S&P-AA+
Moodys-Aaa

0.58 28
3130ALB94
FHLB 0.63 2/26/2026-21
5,000,000.00
2/26/2021

0.63 5,000,000.00
5,000,000.00

97.66 4.29
10,850.00
4,882,805.10
-117,194.90

0.44%
S&P-AA+
Moodys-Aaa

0.65 57
3130ALDN1
FHLB 0.8 3/16/2026-21
5,000,000.00
3/16/2021

0.80 5,000,000.00
5,000,000.00

97.62 4.23
11,555.56
4,881,132.80
-118,867.20

0.44%
S&P-AA+
Moodys-Aaa

0.71 259
3130ALVL5
FHLB 0.91 12/30/2025-21
5,000,000.00
4/1/2021

0.91 5,000,000.00
5,000,000.00

98.32 4.35
11,375.00
4,915,928.80
-84,071.20

0.44%
S&P-AA+
Moodys-Aaa

0.5 92
3130AMZA3
FHLB 1 3/30/2026-21
5,000,000.00
6/30/2021

1.00 5,000,000.00
5,000,000.00

97.66 4.20
12,500.00
4,883,048.05
-116,951.95

0.44%
S&P-AA+
Moodys-Aaa

0.75 92
3130AMCB6
FHLB 1 5/22/2026-22
5,000,000.00
5/26/2021

1.00 5,000,000.00
5,000,000.00

97.28 4.13
5,277.78
4,864,074.30
-135,925.70

0.44%
S&P-AA+
Moodys-Aaa

0.89 53
3130ANET3
FHLB 1 8/12/2026-21
5,000,000.00
8/12/2021

1.00 5,000,000.00
5,000,000.00

96.67 4.08
19,166.67
4,833,580.20
-166,419.80

0.44%
S&P-AA+
Moodys-Aaa

1.11 43
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
29 119 of 143

3130ANTD2
FHLB 1 9/16/2026-21
5,000,000.00
9/16/2021

1.00 5,000,000.00
5,000,000.00

96.42 4.06
14,444.44
4,820,803.35
-179,196.65

0.44%
S&P-AA+
Moodys-Aaa

1.2 78
3130ANSB7
FHLB 1 9/17/2026-22
5,000,000.00
9/17/2021

1.00 5,000,000.00
5,000,000.00

96.41 4.06
14,305.56
4,820,438.20
-179,561.80

0.44%
S&P-AA+
Moodys-Aaa

1.21 79
3130AP6D2
FHLB 1 9/30/2026-22
3,900,000.00
9/30/2021

1.00 3,900,000.00
3,900,000.00

96.32 4.05
9,750.00
3,756,369.75
-143,630.25

0.34%
S&P-AA+
Moodys-Aaa

1.24 92
3130AP6D2
FHLB 1 9/30/2026-22
5,000,000.00
9/30/2021

1.00 5,000,000.00
5,000,000.00

96.32 4.05
12,500.00
4,815,858.65
-184,141.35

0.44%
S&P-AA+
Moodys-Aaa

1.24 92
3130ANUN8
FHLB 1.04 9/21/2026-21
5,000,000.00
9/21/2021

1.04 5,000,000.00
5,000,000.00

96.43 4.06
14,300.00
4,821,339.95
-178,660.05

0.44%
S&P-AA+
Moodys-Aaa

1.22 83
3130ANBR0
FHLB 1.05 8/12/2026-22
5,000,000.00
8/12/2021

1.05 5,000,000.00
5,000,000.00

96.73 4.08
20,125.00
4,836,277.35
-163,722.65

0.44%
S&P-AA+
Moodys-Aaa

1.11 43
3130ANND8
FHLB 1.05 8/26/2026-21
5,000,000.00
8/26/2021

1.05 5,000,000.00
5,000,000.00

96.62 4.07
18,083.33
4,831,162.25
-168,837.75

0.44%
S&P-AA+
Moodys-Aaa

1.15 57
3130ANM56
FHLB 1.05 8/27/2026-21
7,400,000.00
8/27/2021

1.05 7,400,000.00
7,400,000.00

96.62 4.07
26,547.50
7,149,579.93
-250,420.07

0.65%
S&P-AA+
Moodys-Aaa

1.15 27
3130ANUZ1
FHLB 1.06 9/28/2026-21
10,000,000.00
9/28/2021

1.06 10,000,000.00
10,000,000.00

96.40 4.05
27,088.89
9,640,359.30
-359,640.70

0.88%
S&P-AA+
Moodys-Aaa

1.24 90
3130AMNH1
FHLB 1.08 6/9/2026-21
5,000,000.00
6/9/2021

1.08 5,000,000.00
5,000,000.00

97.29 4.04
3,150.00
4,864,732.60
-135,267.40

0.44%
S&P-AA+
Moodys-Aaa

0.94 344
3130APAY1
FHLB 1.1 10/21/2026-22
5,000,000.00
10/21/2021

1.10 5,000,000.00
5,000,000.00

96.30 4.03
10,541.67
4,814,951.65
-185,048.35

0.44%
S&P-AA+
Moodys-Aaa

1.3 21
3130AMYP1
FHLB 1.125 7/15/2026-21
5,000,000.00
7/15/2021

1.13 5,000,000.00
5,000,000.00

97.01 4.09
25,781.25
4,850,254.30
-149,745.70

0.44%
S&P-AA+
Moodys-Aaa

1.03 15
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
30 120 of 143

3130AN4R8
FHLB 1.125 7/29/2026-21
5,000,000.00
7/29/2021

1.13 5,000,000.00
5,000,000.00

96.91 4.08
23,593.75
4,845,347.55
-154,652.45

0.44%
S&P-AA+
Moodys-Aaa

1.07 29
3130APD28
FHLB 1.15 10/19/2026-22
5,000,000.00
10/19/2021

1.15 5,000,000.00
5,000,000.00

96.37 4.03
11,340.28
4,818,717.25
-181,282.75

0.44%
S&P-AA+
Moodys-Aaa

1.29 19
3130AP4H5
FHLB 1.15 10/26/2026-21
5,000,000.00
10/26/2021

1.15 5,000,000.00
5,000,000.00

96.33 4.03
10,222.22
4,816,558.30
-183,441.70

0.44%
S&P-AA+
None

1.31 26
3130APGP4
FHLB 1.15 10/28/2026-22
5,000,000.00
10/28/2021

1.18 4,998,339.95
4,993,750.00

96.32 4.02
9,902.78
4,815,943.10
-182,396.85

0.44%
S&P-AA+
Moodys-Aaa

1.32 28
3130APDR3
FHLB 1.2 10/14/2026-22
5,000,000.00
10/14/2021

1.20 5,000,000.00
5,000,000.00

96.47 4.04
12,666.67
4,823,363.35
-176,636.65

0.44%
S&P-AA+
Moodys-Aaa

1.28 14
3130APQG3
FHLB 1.2 11/18/2025-22
5,000,000.00
11/18/2021

1.20 5,000,000.00
5,000,000.00

98.80 4.38
7,000.00
4,939,930.40
-60,069.60

0.44%
S&P-AA+
Moodys-Aaa

0.38 49
3130APKQ7
FHLB 1.25 11/10/2026-22
5,000,000.00
11/10/2021

1.25 5,000,000.00
5,000,000.00

96.35 4.03
8,680.56
4,817,685.75
-182,314.25

0.44%
None
Moodys-Aaa

1.35 41
3130ALZE7
FHLB 1.35 4/29/2027-23
3,000,000.00
4/14/2023

3.81 2,875,970.93
2,725,947.75

95.43 3.96
6,862.50
2,862,991.89
-12,979.04

0.25%
S&P-AA+
Moodys-Aaa

1.81 29
3130AQEW9
FHLB 1.5 1/14/2027-22
5,000,000.00
1/14/2022

1.50 5,000,000.00
5,000,000.00

96.37 3.96
34,583.33
4,818,253.55
-181,746.45

0.44%
S&P-AA+
Moodys-Aaa

1.52 14
3130APRJ6
FHLB 1.5 11/23/2026-22
5,000,000.00
11/23/2021

1.50 5,000,000.00
5,000,000.00

96.61 4.02
7,708.33
4,830,476.80
-169,523.20

0.44%
S&P-AA+
Moodys-Aaa

1.39 54
3130APQW8
FHLB 1.5 11/24/2026-22
10,000,000.00
11/24/2021

1.50 10,000,000.00
10,000,000.00

96.68 3.96
15,000.00
9,667,865.20
-332,134.80

0.88%
S&P-AA+
Moodys-Aaa

1.39 55
3130APW43
FHLB 1.5 12/2/2026-22
5,000,000.00
12/2/2021

1.50 5,000,000.00
5,000,000.00

96.56 4.01
5,833.33
4,828,117.20
-171,882.80

0.44%
S&P-AA+
Moodys-Aaa

1.41 64
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
31 121 of 143

3130AQBQ5
FHLB 1.5 3/30/2026-22
5,000,000.00
12/30/2021

1.50 5,000,000.00
5,000,000.00

98.03 4.20
18,750.00
4,901,274.80
-98,725.20

0.44%
S&P-AA+
Moodys-Aaa

0.75 92
3130AQ3G6
FHLB 1.5 6/17/2026-22
5,000,000.00
12/17/2021

1.50 5,000,000.00
5,000,000.00

97.55 4.12
2,708.33
4,877,635.85
-122,364.15

0.44%
S&P-AA+
Moodys-Aaa

0.96 79
3130APXD2
FHLB 1.55 12/17/2026-22
5,000,000.00
12/17/2021

1.55 5,000,000.00
5,000,000.00

96.55 4.00
2,798.61
4,827,468.10
-172,531.90

0.44%
S&P-AA+
Moodys-Aaa

1.45 79
3130AQ5C3
FHLB 1.55 12/22/2026-22
5,000,000.00
12/22/2021

1.55 5,000,000.00
5,000,000.00

96.64 3.92
1,722.22
4,831,751.15
-168,248.85

0.44%
S&P-AA+
Moodys-Aaa

1.47 84
3130AQJ87
FHLB 1.6 1/19/2027-22
5,000,000.00
1/19/2022

1.60 5,000,000.00
5,000,000.00

96.45 3.98
35,777.78
4,822,355.80
-177,644.20

0.44%
S&P-AA+
Moodys-Aaa

1.53 19
3130AQU76
FHLB 1.6 11/28/2025-23
5,000,000.00
2/28/2022

1.60 5,000,000.00
5,000,000.00

98.97 4.14
7,111.11
4,948,562.80
-51,437.20

0.44%
S&P-AA+
Moodys-Aaa

0.41 151
3130AQM83
FHLB 1.6 7/27/2026-22
5,000,000.00
1/27/2022

1.60 5,000,000.00
5,000,000.00

97.20 4.29
34,000.00
4,860,157.00
-139,843.00

0.44%
S&P-AA+
Moodys-Aaa

1.06 27
3130AQT94
FHLB 1.6 8/28/2025-23
5,000,000.00
2/28/2022

1.60 5,000,000.00
5,000,000.00

99.55 4.28
26,666.67
4,977,606.20
-22,393.80

0.44%
S&P-AA+
Moodys-Aaa

0.16 59
3130AQHG1
FHLB 1.61 1/28/2027-22
5,000,000.00
1/28/2022

1.61 5,000,000.00
5,000,000.00

96.42 3.97
33,988.89
4,820,981.20
-179,018.80

0.44%
S&P-AA+
Moodys-Aaa

1.55 28
3130AQAB9
FHLB 1.625 12/30/2026-22
5,000,000.00
12/30/2021

1.63 5,000,000.00
5,000,000.00

96.59 3.99

0.00 4,829,329.90
-170,670.10

0.44%
S&P-AA+
Moodys-Aaa

1.49 92
3130AQM26
FHLB 1.7 1/27/2027-23
5,000,000.00
1/27/2022

1.70 5,000,000.00
5,000,000.00

96.56 3.97
36,125.00
4,827,999.05
-172,000.95

0.44%
None
S&P-AA+

1.55 27
3130AQPE7
FHLB 1.9 2/17/2027-22
6,650,000.00
2/17/2022

1.90 6,650,000.00
6,650,000.00

96.81 3.94
46,679.31
6,437,906.03
-212,093.97

0.58%
S&P-AA+
Moodys-Aaa

1.6 48
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
32 122 of 143

3130AQRH8
FHLB 2 2/25/2027-22
5,000,000.00
2/25/2022

2.00 5,000,000.00
5,000,000.00

96.88 3.97
34,722.22
4,843,987.40
-156,012.60

0.44%
S&P-AA+
Moodys-Aaa

1.62 56
3130ARA68
FHLB 2.35 3/29/2027-22
5,000,000.00
3/29/2022

2.35 5,000,000.00
5,000,000.00

97.34 3.94
29,701.39
4,866,793.25
-133,206.75

0.44%
S&P-AA+
Moodys-Aaa

1.71 91
65 1.13

22.05%
-7,404,644.93
243,400,387.80
776,326.82

4.09 250,508,197.75
250,805,032.73

1.28 250,950,000.00
Sub Total Federal Agency Callable Bonds
Federal Agency Term Notes
3133EPW84
FFCB 3.875 1/18/2029
5,000,000.00
2/8/2024

4.07 4,969,310.85
4,957,300.00

99.88 3.91
87,187.50
4,994,111.55
24,800.70

0.44%
S&P-AA+
Moodys-Aaa

3.29 1298
3133EPWK7
FFCB 4.5 9/22/2028
5,000,000.00
9/29/2023

4.70 4,971,472.53
4,956,000.00
102.14

3.79 61,250.00
5,106,879.05
135,406.52

0.44%
S&P-AA+
Moodys-Aaa

3.01 1180
3130AEB74
FHLB 3.125 12/12/2025
6,375,000.00
2/1/2022

1.59 6,417,769.75
6,740,486.96

99.41 4.45
9,960.94
6,337,627.26
-80,142.49

0.56%
S&P-AA+
Moodys-Aaa

0.45 165
3130AT7E1
FHLB 3.25 9/10/2027
5,000,000.00
9/14/2022

3.46 4,979,377.77
4,953,150.00

98.91 3.77
49,652.78
4,945,264.35
-34,113.42

0.44%
S&P-AA+
Moodys-Aaa

2.12 802
3130AVWW8
FHLB 3.42 5/10/2028
5,000,000.00
5/10/2023

3.42 5,000,000.00
5,000,000.00

99.01 3.79
23,750.00
4,950,515.25
-49,484.75

0.44%
S&P-AA+
Moodys-Aaa

2.74 1045
3130AVWV0
FHLB 3.43 4/12/2028
5,000,000.00
5/9/2023

3.43 5,000,000.00
5,000,000.00

99.04 3.80
37,158.33
4,952,058.80
-47,941.20

0.44%
S&P-AA+
Moodys-Aaa

2.66 1017
3130ASGU7
FHLB 3.5 6/11/2027
2,980,000.00
8/5/2022

2.96 3,008,962.53
3,052,141.54

99.30 3.88
5,504.72
2,959,006.50
-49,956.03

0.26%
S&P-AA+
Moodys-Aaa

1.9 711
3130AYK21
FHLB 3.89 1/18/2029
5,000,000.00
1/18/2024

3.89 5,000,000.00
5,000,000.00
100.14

3.85 87,525.00
5,007,043.25
7,043.25

0.44%
S&P-AA+
Moodys-Aaa

3.29 1298
3130AYB70
FHLB 4 2/15/2028
5,000,000.00
12/26/2023

4.00 5,000,000.00
5,000,000.00
100.58

3.76 75,000.00
5,029,084.30
29,084.30

0.44%
S&P-AA+
Moodys-Aaa

2.48 960
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
33 123 of 143

3130AWC24
FHLB 4 6/9/2028
5,000,000.00
6/22/2023

3.98 5,002,963.06
5,005,000.00
100.75

3.73 11,666.67
5,037,601.75
34,638.69

0.44%
S&P-AA+
Moodys-Aaa

2.8 1075
3130AYNF9
FHLB 4.02 3/24/2028
5,000,000.00
1/24/2024

4.02 5,000,000.00
5,000,000.00
100.66

3.76 53,600.00
5,033,194.00
33,194.00

0.44%
S&P-AA+
Moodys-Aaa

2.59 998
3130ATUS4
FHLB 4.25 12/10/2027
5,000,000.00
12/12/2022

3.88 5,040,782.29
5,083,300.00
101.09

3.78 11,805.56
5,054,591.50
13,809.21

0.44%
S&P-AA+
Moodys-Aaa

2.34 893
3130ATUS4
FHLB 4.25 12/10/2027
5,000,000.00
12/23/2022

3.82 5,047,260.54
5,095,950.00
101.09

3.78 11,805.56
5,054,591.50
7,330.96

0.44%
S&P-AA+
Moodys-Aaa

2.34 893
3130AY4E3
FHLB 4.27 12/18/2028
5,000,000.00
12/18/2023

4.27 5,000,000.00
5,000,000.00
101.78

3.72 7,116.67
5,089,147.40
89,147.40

0.44%
S&P-AA+
Moodys-Aaa

3.26 1267
3130AX3V8
FHLB 4.32 7/17/2028
10,000,000.00
9/6/2023

4.32 10,000,000.00
10,000,000.00
101.68

3.73 195,600.00
10,168,087.50
168,087.50

0.88%
NR
S&P-AA+

2.84 1113
3130AWTR1
FHLB 4.375 9/8/2028
5,000,000.00
9/11/2023

4.44 4,990,494.61
4,985,130.51
101.95

3.72 68,055.56
5,097,491.05
106,996.44

0.44%
S&P-AA+
Moodys-Aaa

2.97 1166
3130ATUT2
FHLB 4.5 12/14/2029
5,000,000.00
12/16/2024

4.12 5,076,446.38
5,085,650.00
102.48

3.89 10,000.00
5,123,839.20
47,392.82

0.44%
S&P-AA+
Moodys-Aaa

4.08 1628
3130ATS57
FHLB 4.5 3/10/2028
5,000,000.00
3/10/2023

4.38 5,014,972.74
5,027,800.00
101.96

3.73 68,750.00
5,097,798.25
82,825.51

0.44%
S&P-AA+
Moodys-Aaa

2.54 984
3130ATS57
FHLB 4.5 3/10/2028
5,000,000.00
3/22/2023

3.73 5,093,791.74
5,173,000.00
101.96

3.73 68,750.00
5,097,798.25
4,006.51

0.45%
S&P-AA+
Moodys-Aaa

2.54 984
3130AVBD3
FHLB 4.5 3/9/2029
5,000,000.00
4/10/2024

4.45 5,007,739.35
5,010,300.00
102.48

3.77 69,375.00
5,123,841.55
116,102.20

0.44%
S&P-AA+
Moodys-Aaa

3.4 1348
3130AXRK6
FHLB 4.55 11/15/2028
5,000,000.00
11/15/2023

4.55 5,000,000.00
5,000,000.00
102.49

3.76 28,437.50
5,124,319.15
124,319.15

0.44%
Moodys-Aaa
S&P-AA+

3.15 1234
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
34 124 of 143

3130B1BC0
FHLB 4.625 6/8/2029
5,000,000.00
6/10/2024

4.35 5,048,203.34
5,061,100.00
103.10

3.77 14,131.94
5,155,052.30
106,848.96

0.44%
S&P-AA+
Moodys-Aaa

3.64 1439
3130AXG44
FHLB 4.72 10/11/2028
5,000,000.00
10/11/2023

4.72 5,000,000.00
5,000,000.00
102.92

3.76 51,788.89
5,146,246.60
146,246.60

0.44%
S&P-AA+
Moodys-Aaa

3.05 1199
3130AXQK7
FHLB 4.75 12/8/2028
5,000,000.00
12/8/2023

4.30 5,068,973.32
5,100,250.00
102.87

3.85 14,513.89
5,143,644.15
74,670.83

0.44%
S&P-AA+
Moodys-Aaa

3.21 1257
3130AXKP2
FHLB 4.8 10/23/2028
5,000,000.00
10/23/2023

4.80 5,000,000.00
5,000,000.00
103.20

3.76 44,666.67
5,160,192.50
160,192.50

0.44%
S&P-AA+
Moodys-Aaa

3.08 1211
3130AWS92
FHLB 4.875 9/12/2025
3,000,000.00
10/19/2023

5.23 2,997,943.14
2,980,710.00
100.07

4.48 43,875.00
3,001,984.83
4,041.69

0.26%
S&P-AA+
Moodys-Aaa

0.2 74
3135G0K36
FNMA 2.125 4/24/2026
5,000,000.00
2/15/2022

1.87 5,009,959.32
5,051,100.00

98.43 4.10
19,479.17
4,921,513.85
-88,445.47

0.44%
S&P-AA+
Moodys-Aaa

0.81 298
3135G0K36
FNMA 2.125 4/24/2026
5,000,000.00
3/9/2022

1.68 5,017,614.20
5,089,075.86

98.43 4.10
19,479.17
4,921,513.85
-96,100.35

0.44%
S&P-AA+
Moodys-Aaa

0.81 298
1007

2.59 12.53%
1,070,002.03
143,834,039.49
1,249,886.52

3.85 143,407,444.87
142,764,037.46

3.86 142,355,000.00
Sub Total Federal Agency Term Notes
LA County Pool
LACPIF
LA County Pool LGIP
5,293,717.34
6/30/2013

3.61 5,293,717.34
5,293,717.34
100.00

3.61 5,293,717.34

0.00 0.46%
NR
NR
0 1
1 0

0.46%

0.00 5,293,717.34

3.61 5,293,717.34
5,293,717.34

3.61 5,293,717.34
Sub Total LA County Pool
LAIF - City

LAIF-CITY
CA Local Agency Inv. Fund LGIP-Quarterly
60,728,427.83
6/30/2013

4.40 60,728,427.83
60,728,427.83
100.00

4.40 270,553.83
60,728,427.83

0.00 5.32%
NR
NR
0 1
1 0

5.32%

0.00 60,728,427.83
270,553.83

4.40 60,728,427.83
60,728,427.83

4.40 60,728,427.83
Sub Total LAIF - City

LAIF - GFA
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
35 125 of 143

LAIF-GFA
CA Local Agency Inv. Fund LGIP-Quarterly
50,378,295.22
6/30/2013

4.40 50,378,295.22
50,378,295.22
100.00

4.40 257,117.28
50,378,295.22

0.00 4.41%
NR
NR
0 1
1 0

4.41%

0.00 50,378,295.22
257,117.28

4.40 50,378,295.22
50,378,295.22

4.40 50,378,295.22
Sub Total LAIF - GFA
Obligations of Other States
010268EM8-F3
Alabama Federal Aid (010268CN8) 1.268
9/1/2026
3,000,000.00
2/2/2022

1.76 2,983,435.48
2,935,290.00

96.75 4.14
12,574.33
2,902,468.35
-80,967.13

0.26%

S&P-AAA
Moodys-Aa2

1.16 428
041042V58
Arkansas ST GO Bonds 5 7/1/2028
2,180,000.00
7/3/2023

4.21 2,226,060.17
2,256,627.00
103.12

3.89 54,197.22
2,247,972.40
21,912.23

0.19%
S&P-AA
Moodys-Aa1

2.76 1097
196480KR7
Colorado St Housing Auth Revenue Bond

1.318 10/1/2
1,490,000.00
8/10/2022

3.35 1,482,741.97
1,400,406.30

99.26 4.26
4,855.00
1,478,988.90
-3,753.07

0.13%

S&P-AAA
Moodys-Aaa

0.25 93
576004HD0
Massachusetts Cmnwealth Revenue Bond

3.68 7/15/202
5,000,000.00
10/17/2022

4.57 4,919,047.92
4,811,800.00

99.59 3.89
84,333.33
4,979,250.00
60,202.08

0.43%
Fitch-AAA
Moodys-Aa1

1.95 745
576004HD0
Massachusetts Cmnwealth Revenue Bond

3.68 7/15/202
5,000,000.00
1/25/2023

4.07 4,963,914.06
4,920,950.00

99.59 3.89
84,333.33
4,979,250.00
15,335.94

0.43%
Fitch-AAA
Moodys-Aa1

1.95 745
576004HE8
Massachusetts Cmnwealth Revenue Bond

3.769 7/15/20
3,000,000.00
6/26/2025

4.00 2,974,299.65
2,974,230.00

99.23 3.98
51,823.75
2,976,840.00
2,540.35

0.26%
Fitch-AAA
Moodys-Aa1

3.72 31
64971XS25
New York City Trans Fin Auth Revenue
Bonds 3.35 2/
3,000,000.00
5/3/2023

4.06 2,950,110.09
2,908,500.00

98.21 4.09
41,595.83
2,946,240.00
-3,870.09

0.26%

S&P-AAA
Moodys-Aa1

2.46 7
64990FD68
New York State Dormitory 1.538 3/15/2027
5,000,000.00
3/16/2022

2.54 4,920,204.79
4,766,250.00

96.11 3.91
22,429.17
4,805,600.00
-114,604.79

0.43%
Fitch-AA+
S&P-AA+

1.68 623
64990FS88
New York State Dormitory 2.558 2/15/2027
2,465,000.00
4/20/2022

3.24 2,440,028.23
2,391,050.00

97.87 3.92
23,645.51
2,412,544.80
-27,483.43

0.21%
Fitch-AA+
Moodys-Aa1

1.59 595
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
36 126 of 143

64985TDP3-Q1
New York State Urban Dev (64985TBA8)

2.25 3/15/202
5,000,000.00
1/12/2022

1.56 5,023,521.54
5,138,850.00

98.59 4.29
32,812.50
4,929,318.90
-94,202.64

0.44%
Fitch-AA+
Moodys-Aa2

0.7 258
650036EN2
New York State Urban Dev 3.35 3/15/2026
1,895,000.00
11/1/2022

3.35 1,895,000.00
1,895,000.00

99.30 4.36
18,515.73
1,881,735.00
-13,265.00

0.17%
Fitch-AA+
Moodys-Aa1

0.7 258
650036EP7
New York State Urban Dev 3.35 3/15/2026
1,405,000.00
11/1/2022

3.35 1,405,000.00
1,405,000.00

99.37 4.26
13,728.02
1,396,120.40
-8,879.60

0.12%
Fitch-AA+
Moodys-Aa1

0.7 258
64971XH27
NYC Transitional 2.02 2/1/2027
5,000,000.00
2/7/2022

1.98 5,003,000.77
5,009,400.00

96.80 4.12
41,802.78
4,840,050.00
-162,950.77

0.44%

S&P-AAA
Moodys-Aa1

1.56 581
68607V4L6
Oregon State Dept of Admin Svcs Lottery
Revenue 3.
1,000,000.00
5/9/2023

4.00 1,000,000.00
1,000,000.00
100.10

3.93 9,879.00
1,001,000.00
1,000.00

0.09%

S&P-AAA
Moodys-Aa2

1.69 640
68607V4M4
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
1,750,000.00
5/9/2023

4.05 1,750,000.00
1,750,000.00
100.30

3.93 17,504.57
1,755,267.50
5,267.50

0.15%

S&P-AAA
Moodys-Aa2

2.61 1006
68607V4K8
Oregon State Dept of Admin Svcs Lottery
Revenue 4.
2,775,000.00
5/9/2023

4.04 2,775,000.00
2,775,000.00

99.98 4.05
27,702.36
2,774,556.00
-444.00

0.24%

S&P-AAA
Moodys-Aa2

0.74 275
419792YT7
State of Hawaii General Obligation 1.145
8/1/2028
1,400,000.00
8/14/2023

4.31 1,278,034.22
1,203,860.00

91.93 3.95
6,634.64
1,286,978.00
8,943.78

0.11%
S&P-AA+
Moodys-Aa2

3.02 12
419792YR1
State of Hawaii GO Bond 0.893 8/1/2026
1,910,000.00
4/7/2022

2.95 1,870,182.41
1,751,832.90

96.68 4.05
7,059.41
1,846,588.00
-23,594.41

0.16%
S&P-AA+
Moodys-Aa2

1.08 397
419792A97
State of Hawaii GO Bond 1.283 10/1/2026
1,750,000.00
4/7/2022

2.96 1,715,782.12
1,627,622.50

96.68 4.02
5,550.76
1,691,952.50
-23,829.62

0.15%
S&P-AA+
Moodys-Aa2

1.24 458
574193GK8
State of Maryland GO Bond 2.8 8/1/2027-12
5,000,000.00
9/28/2022

4.30 4,859,926.47
4,675,000.00

97.75 3.93
57,944.44
4,887,450.00
27,523.53

0.43%

S&P-AAA
Moodys-Aaa

2.02 762
574193VR6
State of Maryland GO Bond 3.15 6/1/2026
5,950,000.00
6/22/2022

3.60 5,927,203.57
5,852,301.00

99.21 4.03
15,098.12
5,903,233.00
-23,970.57

0.52%

S&P-AAA
Moodys-Aaa

0.91 336
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
37 127 of 143

88213ABX2
Texas A&M University 2.933 5/15/2026
1,500,000.00
2/2/2022

1.70 1,515,533.65
1,576,110.00

98.93 4.19
5,499.38
1,483,950.00
-31,583.65

0.13%

S&P-AAA
Moodys-Aaa

0.87 319
88213AKG9
Texas A&M University 3.086 5/15/2029-27
5,000,000.00
5/20/2024

4.53 4,751,733.94
4,680,500.00

96.52 4.07
19,287.50
4,825,850.00
74,116.06

0.42%

S&P-AAA
Moodys-Aaa

3.66 684
917567GB9
Utah State Transit Authority 1.72 12/15/2027-
21 2,885,000.00
1/5/2023

4.43 2,714,198.41
2,541,685.00

94.83 3.95
2,067.58
2,735,730.10
21,531.69

0.24%
S&P-AA
Moodys-Aa2

2.41 898
92778WKR6
Virginia State College Revenue Bond 0.61
9/1/2025
5,000,000.00
2/9/2021

0.53 5,000,662.16
5,017,500.00

99.39 4.25
10,081.94
4,969,350.00
-31,312.16

0.44%
S&P-AA+
Moodys-Aa1

0.17 63
482

1.67 6.85%
-406,337.77
77,938,283.85
670,956.20

4.05 77,264,764.70
78,344,621.62

3.25 79,355,000.00
Sub Total Obligations of Other States
State & Municipal Bonds
040654XX8
Arizona State Transp Brd Hwy Revenue

2.224 7/1/202
2,235,000.00
6/12/2023

4.30 2,150,573.06
2,064,067.20

96.82 3.89
24,715.13
2,163,971.70
13,398.64

0.19%
S&P-AA+
Moodys-Aa1

1.95 731
072024XD9
Bay Area Toll Authority Revenue Bond 1.433
4/1/202
2,315,000.00
5/12/2022

3.70 2,231,582.18
2,082,342.50

95.61 4.05
8,201.34
2,213,464.10
-18,118.08

0.2%
S&P-AA
Moodys-Aa3

1.73 640
13032UC30
CA ST Health Fac Fin Authority 3.044
6/1/2026
1,500,000.00
4/7/2022

3.04 1,500,000.00
1,500,000.00

98.86 4.32
3,678.17
1,482,900.00
-17,100.00

0.13%

S&P-AA-
Moodys-Aa3

0.91 336
13077DQF2
CA ST University Revenue Bond 1.361
11/1/2027-22
1,905,000.00
11/23/2022

4.52 1,780,144.04
1,641,252.75

94.26 3.96
4,249.16
1,795,691.10
15,547.06

0.16%

S&P-AA-
Moodys-Aa2

2.3 854
13077DQG0
California St University Revenue Bond 1.521
11/1/2
2,000,000.00
1/10/2024

4.21 1,838,907.23
1,768,000.00

92.39 3.98
4,985.50
1,847,800.00
8,892.77

0.16%

S&P-AA-
Moodys-Aa2

3.25 29
798135E88
City of San Jose GO Bonds 2.45 9/1/2025
4,410,000.00
6/15/2022

3.50 4,402,507.58
4,270,379.40

99.72 4.06
35,714.87
4,397,784.30
-4,723.28

0.39%
S&P-AA+
Moodys-Aa1

0.17 63
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
38 128 of 143

378460C23
Glendale CA Unified School Dist 1.263
9/1/2028
1,215,000.00
8/27/2024

3.94 1,120,480.62
1,095,444.00

91.60 4.12
5,072.52
1,112,915.70
-7,564.92

0.1%
NR
Moodys-Aa1

3.1 1159
54438CYL0
LA Comm Coll Dist GO Bonds 1.174
8/1/2026
5,000,000.00
4/27/2022

3.11 4,902,190.62
4,616,400.00

96.79 4.23
24,295.28
4,839,350.00
-62,840.62

0.43%
S&P-AA+
Moodys-Aaa

1.08 397
544495VX9
LADWP Revenue Bond 5.516 7/1/2027-10
7,255,000.00
7/7/2023

4.69 7,362,890.58
7,469,748.00
101.42

4.77 198,981.27
7,357,875.90
-5,014.68

0.64%

S&P-AA-
Moodys-Aa2

1.87 731
54438CYM8
Los Angeles CCD 1.606 8/1/2028-20
3,900,000.00
9/11/2023

4.39 3,600,923.37
3,426,462.00

93.92 3.71
25,923.52
3,662,763.00
61,839.63

0.32%
S&P-AA+
Moodys-Aaa
3 1128
798170AM8
San Jose CA Redev Agy Successor Agy 3.25
8/1/2029-
5,000,000.00
9/18/2024

3.81 4,895,540.38
4,875,600.00

97.00 4.05
67,256.94
4,850,100.00
-45,440.38

0.43%
Fitch-AA+
S&P-AA

3.8 762
798189TN6
San Jose Evergreen GO Bond 5.07 9/1/2028
1,500,000.00
9/29/2023

4.90 1,506,938.54
1,510,770.00
103.48

3.89 25,138.75
1,552,185.00
45,246.46

0.13%
S&P-AA+
Moodys-Aa1

2.93 1159
802498ZA6
Santa Monica Malibu USD 0.849 8/1/2026
1,295,000.00
3/18/2022

2.30 1,275,658.72
1,217,196.40

96.47 4.21
4,550.52
1,249,247.65
-26,411.07

0.11%
S&P-AA+
Moodys-Aa1

1.08 397
83412PHS4
Solano County GO Bonds 1.479 8/1/2028
1,800,000.00
1/19/2024

4.22 1,662,543.39
1,598,202.00

93.13 3.86
11,018.55
1,676,304.00
13,760.61

0.15%
S&P-AA
Moodys-Aa2

3.01 1128
13063D2U1
State of CA GO Bond 5.25 10/1/2027
5,000,000.00
11/17/2022

4.82 5,042,584.12
5,092,050.00
102.58

4.04 64,895.83
5,129,050.00
86,465.88

0.44%

S&P-AA-
Moodys-Aa2

2.13 823
13063DMB1
State of California GO Bond 3.05 4/1/2029
5,000,000.00
4/22/2024

4.81 4,709,469.53
4,617,500.00

96.72 4.00
37,701.39
4,836,200.00
126,730.47

0.41%

S&P-AA-
Moodys-Aa2

3.54 1371
13063D2V9
State of California GO Bond 5 10/1/2028
5,000,000.00
10/2/2023

5.02 4,997,134.94
4,995,600.00
102.75

4.09 61,805.56
5,137,550.00
140,415.06

0.44%

S&P-AA-
Moodys-Aa2

3.01 1189
13063EBP0
State of California GO Bond 5.125 9/1/2029
5,000,000.00
9/3/2024

3.90 5,231,148.36
5,276,650.00
104.15

4.03 84,704.86
5,207,350.00
-23,798.36

0.46%

S&P-AA-
Moodys-Aa2

3.76 1524
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
39 129 of 143

13063EHX7
State of California GO Bond 6.25 3/1/2030
5,000,000.00
3/27/2025

4.45 5,373,300.28
5,394,100.00
108.62

4.20 80,729.17
5,431,050.00
57,749.72

0.47%

S&P-AA-
Moodys-Aa2

4.09 1705
68609UJS5
State of Oregon GO Bonds 4.912 5/1/2029-
24 2,000,000.00
5/14/2024

4.91 2,000,000.00
2,000,000.00
103.77

3.84 16,100.44
2,075,380.00
75,380.00

0.18%
Fitch-AA+
Moodys-Aa1

3.52 14
91412HGF4
University of CA Revenue Bonds 1.316
5/15/2027
5,000,000.00
5/16/2022

3.53 4,811,422.14
4,496,850.00

95.41 3.88
8,225.00
4,770,250.00
-41,172.14

0.42%
S&P-AA
Moodys-Aa2

1.85 684
91412HGF4
University of CA Revenue Bonds 1.316
5/15/2027
2,420,000.00
8/5/2022

3.37 2,334,578.44
2,202,200.00

95.41 3.88
3,980.90
2,308,801.00
-25,777.44

0.2%
S&P-AA
Moodys-Aa2

1.85 684
91412GU94
University of CA Revenue Bonds 3.063
7/1/2025
2,640,000.00
4/8/2022

3.00 2,640,003.96
2,644,672.80
100.00

3.02 40,206.98
2,640,000.00
-3.96

0.23%
S&P-AA
Moodys-Aa2
0 1
91412GU94
University of CA Revenue Bonds 3.063
7/1/2025
3,160,000.00
5/5/2022

3.21 3,159,987.91
3,146,064.40
100.00

3.02 48,126.54
3,160,000.00

12.09 0.28%
S&P-AA
Moodys-Aa2
0 1
91412HJP9
University of CA Revenues 1.372 5/15/2028-
23 2,250,000.00
6/7/2023

4.33 2,079,596.18
1,957,230.00

92.90 4.01
3,858.75
2,090,272.50
10,676.32

0.18%
S&P-AA
Moodys-Aa2

2.82 1050
91412HFN8
University of California Revenue Bonds

1.266 5/15/
3,750,000.00
8/21/2023

4.93 3,638,933.34
3,402,525.00

97.57 4.12
5,934.38
3,658,762.50
19,829.16

0.32%
S&P-AA
Moodys-Aa2

0.87 16
774

2.28 7.57%
397,978.94
86,647,018.45
900,051.32

4.02 84,361,306.45
86,249,039.51

4.12 87,550,000.00
Sub Total State & Municipal Bonds
Treasury Notes
91282CAT8
T-Note 0.25 10/31/2025
5,000,000.00
2/9/2022

1.65 4,977,230.73
4,748,242.19

98.67 4.30
2,072.01
4,933,300.80
-43,929.93

0.44%
Fitch-AAA
Moodys-Aaa

0.33 123
91282CAB7
T-Note 0.25 7/31/2025
5,000,000.00
2/9/2022

1.62 4,994,355.96
4,769,140.63

99.66 4.20
5,179.56
4,983,151.90
-11,204.06

0.44%
Fitch-AAA
Moodys-Aaa

0.09 31
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
40 130 of 143

91282CAB7
T-Note 0.25 7/31/2025
5,000,000.00
3/16/2022

2.02 4,992,761.87
4,712,109.38

99.66 4.20
5,179.56
4,983,151.90
-9,609.97

0.44%
Fitch-AAA
Moodys-Aaa

0.09 31
91282CAJ0
T-Note 0.25 8/31/2025
5,000,000.00
2/8/2022

1.64 4,988,589.24
4,760,742.19

99.30 4.43
4,144.02
4,964,990.25
-23,598.99

0.44%
Fitch-AAA
Moodys-Aaa

0.17 62
91282CAJ0
T-Note 0.25 8/31/2025
5,000,000.00
3/16/2022

2.02 4,985,572.22
4,705,859.38

99.30 4.43
4,144.02
4,964,990.25
-20,581.97

0.44%
Fitch-AAA
Moodys-Aaa

0.17 62
91282CBQ3
T-Note 0.5 2/28/2026
10,000,000.00
3/1/2021

0.82 9,979,179.57
9,843,632.60

97.60 4.17
16,576.09
9,760,253.90
-218,925.67

0.87%
Fitch-AAA
Moodys-Aaa

0.67 243
91282CDQ1
T-Note 1.25 12/31/2026
5,000,000.00
1/11/2022

1.52 4,980,504.26
4,935,546.88

96.25 3.84

0.00 4,812,695.30
-167,808.96

0.44%
None
Moodys-Aaa

1.49 549
912828YB0
T-Note 1.625 8/15/2029
5,000,000.00
1/23/2025

4.34 4,496,181.73
4,443,359.38

92.07 3.72
30,300.41
4,603,320.30
107,138.57

0.39%
Fitch-AA+
Moodys-Aaa

3.98 1507
912828YS3
T-Note 1.75 11/15/2029
10,000,000.00
1/15/2025

4.52 8,922,770.01
8,810,937.50

92.07 3.73
21,875.00
9,207,031.20
284,261.19

0.78%
Fitch-AA+
Moodys-Aaa

4.21 1599
9128282R0
T-Note 2.25 8/15/2027
5,000,000.00
9/16/2022

3.60 4,869,389.29
4,698,046.88

96.99 3.74
41,954.42
4,849,414.05
-19,975.24

0.43%
Fitch-AAA
Moodys-Aaa

2.07 776
91282CEE7
T-Note 2.375 3/31/2029
5,000,000.00
2/12/2025

4.30 4,672,447.47
4,639,453.13

95.27 3.74
29,525.27
4,763,476.55
91,029.08

0.41%
Fitch-AA+
Moodys-Aaa

3.59 1370
9128286B1
T-Note 2.625 2/15/2029
5,000,000.00
4/15/2024

4.55 4,689,277.38
4,585,937.50

96.29 3.73
48,946.82
4,814,453.10
125,175.72

0.41%
Fitch-AA+
Moodys-Aaa

3.45 1326
9128286B1
T-Note 2.625 2/15/2029
5,000,000.00
6/11/2024

4.49 4,697,397.21
4,609,765.63

96.29 3.73
48,946.82
4,814,453.10
117,055.89

0.41%
Fitch-AA+
Moodys-Aaa

3.45 1326
91282CEN7
T-Note 2.75 4/30/2027
5,000,000.00
6/13/2022

3.02 4,977,122.79
4,939,062.50

98.22 3.76
22,792.12
4,910,937.50
-66,185.29

0.44%
None
Moodys-Aaa

1.79 669
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
41 131 of 143

91282CEM9
T-Note 2.875 4/30/2029
5,000,000.00
2/12/2025

4.30 4,752,519.51
4,728,125.00

96.94 3.74
23,828.12
4,846,875.00
94,355.49

0.42%
Fitch-AA+
Moodys-Aaa

3.64 1400
9128284V9
T-Note 2.875 8/15/2028
5,000,000.00
8/17/2023

4.36 4,793,470.08
4,669,950.00

97.53 3.72
53,608.43
4,876,367.20
82,897.12

0.42%
Fitch-AA+
Moodys-Aaa

2.98 1142
9128285M8
T-Note 3.125 11/15/2028
5,000,000.00
12/21/2023

3.94 4,875,926.08
4,819,921.88

98.13 3.72
19,531.25
4,906,250.00
30,323.92

0.43%
Fitch-AA+
Moodys-Aaa

3.22 1234
91282CFT3
T-Note 4 10/31/2029
10,000,000.00
2/12/2025

4.29 9,886,814.03
9,876,953.13
100.94

3.76 66,304.35
10,094,140.60
207,326.57

0.87%
Fitch-AA+
Moodys-Aaa
4 1584
91282CLC3
T-Note 4 7/31/2029
5,000,000.00
2/12/2025

4.29 4,946,545.72
4,941,601.56
100.92

3.75 82,872.93
5,046,093.75
99,548.03

0.43%
Fitch-AA+
Moodys-Aaa

3.75 1492
91282CFP1
T-Note 4.25 10/15/2025
5,000,000.00
8/18/2023

4.92 4,990,729.46
4,931,640.63

99.98 4.29
44,125.68
4,998,925.80
8,196.34

0.44%
Fitch-AA+
Moodys-Aaa

0.29 107
856

2.23 9.79%
665,487.84
112,134,272.45
571,906.88

3.93 109,170,027.97
111,468,784.61

3.27 115,000,000.00
Sub Total Treasury Notes

TOTAL PORTFOLIO
1,150,490,233.44

3.30 1,141,829,171.56
1,135,465,146.96

4.11 6,296,207.92
1,136,299,823.37
-5,529,348.19
100.00%

1.54 463
CUSIP
Face Amount /
Shares
Settlement Date
Description
YTM @ Cost
Cost Value
Book Value
YTM @ Market
Market Price
Market Value
Accrued Interest
Unre. Gain/Loss
% Portfolio
Credit Rating
Credit Rating
Duration To Maturity
Days To Call/Maturity
Date: 6/30/2025
City of Glendale
Portfolio Holdings by Asset Category
City of Glendale
42 132 of 143

Asset Category
Face Amount/Shares
Market Value
Book Value
% of Portfolio
YTM @ Cost
Days To Maturity
Local Agency Investment Funds
872,994.69
872,994.69
872,994.69

4.44 4.40
1 Money Market Mutual Funds
18,792,419.06
18,792,419.06
18,792,419.06

95.56 4.20
1 Total / Average
19,665,413.75
19,665,413.75
19,665,413.75
100.00

4.21 1
Date
City Treasurer Rafi Manoukian, CPA, MBA

CITY OF GLENDALE
SUCCESSOR AGENCY 2012 - GRA
Investment Report
Portfolio Summary
June 2025
43 09/04/25
133 of 143

Asset Category
Face Amount/Shares
Market Value
Book Value
% of Portfolio
YTM @ Cost
Days To Maturity
Money Market Mutual Funds
11,758,375.24
11,758,375.24
11,758,375.24
100.00

4.18 1
Total / Average
11,758,375.24
11,758,375.24
11,758,375.24
100.00

4.18 1
Date
City Treasurer Rafi Manoukian, CPA, MBA

CITY OF GLENDALE
GRA BOND 2011
Investment Report
Portfolio Summary
June 2025
44 09/04/25
134 of 143

Asset Category
Face Amount/Shares
Market Value
Book Value
% of Portfolio
YTM @ Cost
Days To Maturity
CAMP GWP Elec Bond Series 2 2024
18,978,221.54
18,978,221.54
18,978,221.54
100.00

4.40 1
Total / Average
18,978,221.54
18,978,221.54
18,978,221.54
100.00

4.40 1
Date
City Treasurer Rafi Manoukian, CPA, MBA

CITY OF GLENDALE
ELECTRIC REVENUE BONDS 2024 SERIES 2
Investment Report
Portfolio Summary
June 2025
45 09/04/25
135 of 143

CITY OF GLENDALE, CALIFORNIA

REPORT TO THE CITY COUNCIL

AGENDA ITEM
Report: Release of a Request for Proposals for the Lease and Management of the Glendale Civic Auditorium (1401 North Verdugo Road)

1. Motion Directing Staff to Release a Request for Proposals for the Lease and Management of the Glendale Civic Auditorium

COUNCIL ACTION
Item Type: Action Item
Approved for October 7, 2025 calendar

EXECUTIVE SUMMARY
Staff is seeking authorization to issue a Request for Proposal (RFP) to identify a potential operator for the Glendale Civic Auditorium. The RFP seeks an operator that demonstrates experience successfully operating corporate event activities and can demonstrate the financial capability to manage and operate the Civic Auditorium with the goal of increasing its use as an assembly and event space and generating revenue for the City.

RECOMMENDATION
That the City Council authorize staff to issue a Request for Proposals for the lease and management of the Glendale Civic Auditorium.

ANALYSIS
The City-owned Civic Auditorium was built in 1937, and at the time it was the largest municipal auditorium on the West Coast. Since then, it has been renovated twice with the first renovation occurring in 1964 and the second in 1997. The roof was replaced in 2013, and a new HVAC system was installed in 2014 and 2015. The auditorium’s total square footage is 54,832, with 30,098 square feet available for rentals between the upper and lower auditorium. The Civic Auditorium is operated by City staff which rents space to residents, promoters, entrepreneurs, private businesses, and event coordinators. The City also hosts City-sponsored events. In FY 23-24 there were 40 136 of 143

29c
6 3
9 2
rentals of the auditorium equating to 177 rental days. In FY 22-23 the facility netted $49,159 in revenue and $1,256 in FY 23-24. In FY 24-25 the facility was closed for two months for a floor replacement project and generated a loss of $29,838 for the year.

The city currently has an agreement with Glendale Community College to rent the lower auditorium that expires in August 2026 with a one-year renewal option.

Public Works conducted a facility assessment in 2023, identifying over $5.0 million in necessary improvements and repairs such as the floor, surrounding site improvements, accessibility requirements, and seismic improvements. These improvements are necessary for future operations and to meet requirements related to safety and accessibility. A copy of the condition assessment, as well as a facility tour would be offered to any interested parties responding to the RFP.

New interior improvements and upgrades are needed for the facility, including new upper-level flooring, a new audio system, a new stage rigging system, interior paint, and new drapes. The total estimated budget for these improvements is between $5.0M to $6.0M. These are estimates related to bringing the facility to a modern standard for corporate events, and this number could deviate depending on the proposer and the extent of the proposed improvements. The building is historic, and substantial changes cannot be made to the building’s exterior or the interior ceiling.

The City initially received an unsolicited proposal to consider a management agreement to operate the Civic Auditorium. That initiated discussions and considerations regarding future potential activity with the Civic Auditorium. Ultimately, this led the City Council to request an RFP process to solicit additional ideas and considerations of how a management agreement could potentially be structured and how the Auditorium could be optimized as a City-owned facility.

Staff conducted some limited outreach to understand initial ideas, concerns or desires with nearby neighborhoods. These meetings included the homeowner’s association boards for Royal Canyon, Rossmoyne, and Verdugo Woodlands. The most common feedback from the associations was the desire for an RFP and for the process to be conducted in an open setting. Other concerns were raised regarding noise, traffic, and the frequency of events that could impact the neighborhoods. Additionally, many acknowledged the need for improvements to the facility and to identify better ways the auditorium could be used. There was also a desire to maintain local community events and access by the neighborhoods. This feedback was essential to the process, and if Council decides to move forward with any negotiations following the RFP process, a larger scale of public engagement with the surrounding communities will be conducted. 137 of 143

39c
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Authorization for Request for Proposals (RFP) Process
Staff is seeking authorization to issue a Request for Proposals for the management and operation of the Glendale Civic Auditorium. Those responding to the RFP would need to demonstrate the following, while serving as the evaluating criteria for all responses:

1. Demonstrates experience (a minimum of five years) successfully operating corporate events or facilities. The response should include the types and, if possible, names of corporations participating in the events. Reference letters from participating corporations would be highly valued..

2. Demonstrates financial capacity to manage and operate the Civic Auditorium on behalf of the City with the goal of increasing its use as an assembly and event space. This would include demonstrating the amount of investment made by any proposer, and how it would be used to improve the Civic auditorium or be used towards operations.

3. Maintains and preserves the facility as a historic resource.

4. Provides a financial return or revenue share with the City, including forecasted revenues and proposed revenue share or return to the City.

5. Proposed plan and consideration for renovations or improvements to the facility, not including the maintenance identified in the 2023 Public Works report. This should include a narrative explaining how the improvements would be beneficial to operations as a corporate event center.

Staff is recommending the RFP evaluation be based upon:

1. Qualification and experience of assigned personnel and experience with facilities or events of similar size and operation. This should include letters of reference and examples of businesses or corporations the proposer has worked with.

2. Ability to meet the City’s general terms and conditions, including contract terms. This would include insurance requirements and financial viability to operate and maintain the facility.

3. Organization and clarity of proposals related to the scope of work including organizational improvements, activities and programming, financing and proposed budget. Examples of types of events and previously hosted businesses should be provided. A forecast of the number of days of events should be provided, supporting the proposed operating budget.

4. Proposed financial structure including estimated financial contribution, estimated financial return and proposed revenue share with the City

5. References.
138 of 143

49c
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9 2
Once the RFP is prepared, it will be advertised publicly. Alternatively, Council can provide feedback on desired terms of an RFP and direct staff to return with the draft RFP for Council review and approval prior to issuance. Upon receiving proposals, staff would generate a list of qualified entities, review and evaluate proposals, and return to the City Council with a recommendation on a preferred operator and authorization to enter into an exclusive negotiating agreement with that firm. At that point, Council may consider requesting additional information, direct staff to enter negotiations, or dismiss the results of the RFP and take no further action as it relates to the Civic Auditorium. It should be noted that any proposers that the City Council may wish to advance would be further vetted through a third-party financial evaluation to determine viability of any proposal and the financial security of the proposer.

STAKEHOLDERS/OUTREACH
Staff conducted initial outreach with HOA association boards of Rossmoyne, Royal Canyon, and Verdugo Woodlands to get initial feedback related to their ideas regarding usage of the facility and other concerns. If Council directs staff to further negotiation with any of the proposers at the conclusion of the RFP process, staff will conduct larger public engagement meetings with the neighborhoods near and adjacent to the Civic Auditorium.

FISCAL IMPACT
There is no fiscal impact associated with issuing a RFP. The fiscal impact, if there is any, will not be known until such a time that the City Council reviews and selects a proposal and operator for the Site.

ENVIRONMENTAL REVIEW (CEQA/NEPA)
CEQA does not apply to projects where the lead agency determines "with certainty that there is no possibility that the activity in question may have a significant effect on the environment." CEQA Guidelines (14 Cal. Code Regs.) § 15061(b)(3). Here, the action involves Council authorization to release an RFP for the lease and operation of the Civic Auditorium. There is no possibility that the action of releasing the RFP may have a significant effect on the environment.

CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.

ALTERNATIVES TO STAFF RECOMMENDATION

1. Direct staff to prepare a draft RFP based on Council direction and feedback and submit it to Council for review and approval prior to release.

2. Direct staff not to issue the Request for Proposals as described in this report. In 139 of 143

59c
6 3
9 2
this case the operation and management of the Civic Auditorium will continue as it does presently. Staff may return to Council for appropriation of funds to complete certain repairs and upgrades in the facility.

3. Any other alternative not proposed by staff.

ADMINISTRATIVE ACTION
Submitted by:

Bradley Calvert, Director of Community Development
Prepared by:

Mark Berry, Deputy Director of Community Dev/Economic Dev Approved by:

Roubik R. Golanian, P.E., City Manager

EXHIBITS/ATTACHMENTS
None
140 of 143

1 3
2 4
1 MOTION
Moved by Council Member , seconded by Council Member , that the Council of the City of Glendale directs staff to prepare and release a request for proposals for the lease, management and operation of the Glendale Civic Auditorium for corporate event activities, as described in the Report to Council dated October 7, 2025.

Vote as Follows:

Ayes:

Noes:

Absent:

Abstain:
141 of 143

STATEMENT ON MEMORANDUM OF UNDERSTANDING BETWEEN THE DEPARTMENT

OF HOUSING AND COMMUNITY DEVELOPMENT AND THE CITY OF GLENDALE On October 3, 2025 (“Effective Date”), the City of Glendale (the “City”) entered into a Memorandum of Understanding (“MOU”) with the California Department of Housing and Community Development, a public agency of the state of California (“HCD”), in response to findings contained in a Notice of Violation (“NOV”) with respect to certain challenged provisions of its ordinance governing the requirements and standards contained in the Glendale Municipal Code (“GMC”) governing the construction of accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs) contained in GMC Section 30.34.080 (“ADU ordinance”).

Though the City maintains it is not in violation of State ADU Law, for avoidance of litigation or enforcement action by HCD, the City agreed in the MOU to bring forth amendments to the challenged provisions to address HCD’s NOV, by the first quarter of 2026.

In exchange for HCD forbearing from enforcing its NOV during the time the City is working to bring forth amendments to its ADU ordinance, the City agreed to the following:

1. Prior to and no later than January 15, 2026, the City shall submit a draft amended ADU ordinance to HCD. Within 15 business days of such submittal, HCD shall provide written findings to the City.

2. Prior to and no later than March 31, 2026, the City shall agendize at a City Council meeting introduction of an ordinance to amend its ADU ordinance, currently contained in Glendale Municipal Code section 30.34.080, and shall agendize at the next regularly scheduled City Council meeting a vote on adoption of the ordinance, to explicitly permit and not otherwise penalize the following types of ADUs as long as they are otherwise in compliance with State ADU Law:
a. ADUs above detached garages;
b. Detached ADUs on a property containing an accessory living quarters; c. Unit mixes on a single-family lot wherein a unit or units permitted under Government Code section 66323, subdivision (a)(1), are paired with an ADU permitted under Government Code section 66323, subdivision (a)(2). d. Unit mixes on a multifamily lot wherein a unit or units permitted under Government Code section 66323, subdivision (a)(3), are paired with a unit or units permitted under Government Code section 66323, subdivision (a)(4).

3. If the Glendale City Council adopts an amended ADU ordinance, HCD reserves the right to review the amended ADU ordinance to determine its compliance with State ADU Law. HCD shall conduct its review of an amended ADU ordinance within 30 days of adoption. If HCD finds that the amended ADU ordinance is noncompliant with State ADU Law, it will be null and void. If HCD finds that the amended ADU ordinance complies with all of HCD’s findings to the Draft ADU ordinance, HCD will deem it to be compliant with State ADU Law. 142 of 143

4. Pursuant to the Glendale City Charter, the amended ordinance, if adopted, will take effect within 30 days of adoption.

5. Given that an amendment to its ADU ordinance will be a legislative act of the Glendale City Council exercising its police power to serve the health, safety and welfare of Glendale’s residents, nothing in the MOU shall limit the discretion of the City Council in reviewing and considering an amended ADU ordinance, nor be construed to obligate the Council to limit its discretion in a particular manner. The MOU does not constitute, and shall not be construed to be, a contracting away of the City’s police powers. The City makes no representation regarding the Council’s ability or willingness to adopt the amended ADU ordinance, it being required by law to obtain public input at noticed public hearings before doing so. If the City Council fails to enact an amended ADU ordinance within the time prescribed by the MOU (set forth in Paragraph 2 above) or enacts an amended ADU ordinance that does not comply with State ADU Law, following a 21-day cure period, HCD may terminate the MOU and commence enforcement action against the City.

6. Forbearance of Enforcing Challenged Provisions Pending Implementation of Amended ADU Ordinance:

The City shall refrain from enforcing any of the challenged provisions in its current ADU ordinance until either the vote to adopt an amended ADU ordinance fails or the effective date of a subsequent amended ADU ordinance that satisfies the requirements of the MOU, summarized in Paragraph 2 above. In other words, from the Effective Date of the MOU until the occurrence of either of the two events described above, the City shall allow the following types of ADUs, as long as these ADUs otherwise comply with State ADU Law:
a. ADUs above detached garages;
b. Detached ADUs on a property containing an accessory living quarters; c. Unit mixes on a single-family lot wherein a unit or units permitted under Government Code section 66323, subdivision (a)(1), are paired with an ADU permitted under Government Code section 66323, subdivision (a)(2). d. Unit mixes on a multifamily lot wherein a unit or units permitted under Government Code section 66323, subdivision (a)(3), are paired with a unit or units permitted under Government Code section 66323, subdivision (a)(4).

143 of 143

Glendale City CouncilOctober 7, 2025

Glendale City Council
October 7, 2025