Agenda — Hemet City Council, April 11, 2023 (part 2 of 3)

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approved in writing by the City Manager. Contractor agrees to provide City with copies of required policies upon request.

SECTION 11. TIME IS OF THE ESSENCE.

Time is of the essence for the performance of this Agreement, and any failure to perform in accordance with the times specified by City shall constitute a material breach of this Agreement.

SECTION 12. ASSIGNMENT.

Contractor shall not assign or transfer this Agreement or any portion of this Agreement or the performance of any of Contractor ’s duties or obligations under this Agreement without the prior written consent of the City. Any attempted assignment shall be ineffective, null and void, and shall constitute a material breach of this Agreement entitling City to any and all remedies at law or in equity, including termination of this Agreement pursuant to Section 6 herein. However, it is anticipated that the Contractor will subcontract some aspects of the training and technical assistance described in the Scope of Work (Exhibit A).

SECTION 13. NOTICES.

All notices required or permitted to be given under this Agreement shall be in writing and shall be personally delivered, or sent by telecopier or certified mail, postage prepaid and return receipt requested, addressed as follows:

T
o City:

T
o Contractor:

City of Hemet
Attn: City Manager
445 E. Florida Avenue
Hemet, CA 92543
Institute for Ecological Civilization
Attn: Jessica Mardock
2358 University Ave #2189
San Diego, CA 92104
N
otice shall be deemed effective on the date personally delivered or transmitted by facsimile or, if mailed, three (3) days after deposit of the same in the custody of the United States Postal Service.

SECTION 14. AUTHORITY TO EXECUTE.

The person or persons executing this Agreement on behalf of Contractor represents and warrants that he/she/they has/have the authority to so execute this Agreement and to bind Contractor to the performance of its obligations hereunder.

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SECTION 15. BINDING EFFECT.

This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the Parties.

SECTION 16. AMENDMENT.

No amendment to or modification of this Agreement shall be valid unless made in writing and approved by both parties.

SECTION 17. WAIVER.

Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant.

Waiver by any Party of any breach of the provisions of this Ag reement shall not constitute a waiver of any other provision nor a waiver of any subsequent breach or violation of any provision of this Agreement. Acceptance by City of any work or services by Contractor shall not constitute a waiver of any of the provis ions of this Agreement.

SECTION 18. LAW TO GOVERN; VENUE.

This Agreement shall be interpreted, construed, and governed according to the laws of the State of California. In the event of litigation between the Parties, venue in state trial courts shall lie exclusively in the County of Riverside, California. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in Riverside.

SECTION 19. ATTORNEYS FEES, COSTS AND EXPENSES.

In the event litigation or other proceeding i s required to enforce or interpret any provision of this Agreement, the prevailing Party in such litigation or other proceeding shall be entitled to an award of reasonable attorney's fees, costs , and expenses, in addition to any other relief to which it may be entitled.

SECTION 20. ENTIRE AGREEMENT.

This Agreement, including the attached Exhibits "A" through "C ," is the entire, complete, final and exclusive expression of the Parties with respect to the matters addressed therein and supersedes all other agreements or understandings, whether oral or written, or entered into between Contractor and City prior to the execution of this Agreement. No statements, representations or other agreements, whether oral or written, made by any Party which are not embodied herein shall be valid and binding.

SECTION 21. SEVERABILITY.

If any term, condition or covenant of this Agreement is declared or determined by any court of competent jurisdiction to be invalid, void or unenforceable, the remaining

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provisions of this Agreement shall not be affec ted thereby, and the Agreement shall be read and construed without the invalid, void or unenforceable provision(s). (

SIGNATURES ON FOLLOWING PAGE)

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IN WITNESS WHEREOF , the Parties hereto have executed this Agreement on the date and year first-above written.

CITY OF HEMET
__________________________
Mark Prestwich
City Manager
A
TTEST:

CITY CLERK
___________________________
APPROVED AS TO FORM:

CITY ATTORNEY
____________________________

PHILIP CLAYTON

PRESIDENT
By:

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
EXHIBIT "A"

SCOPE OF SERVICES
Contractor shall provide the following Services in compliance with the State Agreement, attached hereto as Attachment 1 to this Exhibit A.

Technical Assistance consists of ﬁve (5) parts for the Community Wide Collaborative:

An Approach to Violence Reduction. The timing, sequence and duration of the training and activities below can be modiﬁed with the written agreement of the project management team.
● Technical Assistance (“TA”) – providing 26 days of training and coaching over the course of the 3-year grant.

TA – technical assistance is the process of providing targeted support to an organization with a development need or problem. It is an effective method for building the capacity of an organization.
● Cognitive Behavioral Therapy (“CBT”) Life Skills Workshop – providing training workshops (2-3 days), training materials, and 10-12 days of follow-up coaching, mentoring and related skill development and support.

Cognitive behavioral therapy (CBT) is a form of psychological treatment that has been demonstrated to be effective for a range of problems including depression, anxiety disorders, alcohol and drug use problems, marital problems, eating disorders, and severe mental illness. This will help people make well-informed decisions about their safety and life goals. ● Project Management/project support – providing direct support to implementation leads. Provided detailed implementation plan and lead in development of performance reviews.
● Problem Analysis, Shooting Review and related Data Collection and Analysis – providing full year 1 and year 2 data collection and analysis (including shooting incidents, individuals involved in those incidents, networks and relationships,

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
mapping,etc.).ThisassumesthatthePoliceDepartmentwillprovidethe ContractorwiththedatanecessarytocompletetheProblemAnalysisandwill conduct“bestpractice”ShootingReviewsbeginningnolaterthanJanuary1, 2023.
●ClientNeedsAssessmentSurvey–includestailoringstudydesigntolocal context,supervisionofdatacollection,analysisandpresentationofdataand ﬁndings. And any necessary recordkeeping regarding participation incentives.

ContractorwillworkinclosepartnershipwiththeProgramleadsonthefullrangeof programactivities.Primarily,itwillworkinablendedprojectmanagement/program developmentrole,willworkcloselywiththesubjectexpertsonTAdesignanddelivery (CBT,life-coaching,intervention,transformativementoring,etc.),willguide institutionalizingeachcomponentoftheprojectanddevelopingthesustainabilityof theinitiative,andwillbetheleadintheproblemanalysisworkandthedevelopmentof theshootingreviews.Finally,Contractorwillcontinuetobuildoutthe partnership-basedmanagement(includingtheperformancereviews)andoversightof the initiative to ensure it is inclusive and transparent.

Exclusions:Undernocircumstances,willtheContractorbereportingtoBSCC.

MandatoryreportstoBSCCanddirectlyrelateddatacollectionandanalysisarethe responsibilityoftheCity’sanditsCalVIPprojectmanagementteam(theproject coordinator, data assistant and crime analyst) and not that of the Contractor.

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
EXHIBIT "B"

COMPENSATION
ThetotalCompensationfortheServicesshallnotexceedTwoHundredFifty-Four Thousand Eight Hundred Dollars ($254,800),subjectto the following conditions.

1.ProfessionalServices.ProfessionalservicesshallnotexceedatotalofTwo HundredThirty-OneThousandThreeHundredDollars($231,300)andshallbe billed at the rate of:
a.$225/hourwithannual3.5%increaseseffectivebeginningJanuary1, 2023 and continuing through completion of the contract. b.Professional services will include Technical Assistance in the following and related format as estimated below:
i.Trainingandcoachingrelatedtointerventionandlifecoaching:
nottoexceedForty-SixThousandEightHundredDollars
($46,800)withoutthepriorwrittenpermissionoftheCityandthe BSCC;
ii.CognitiveBehavioralTherapyLifeskillsworkshop:nottoexceed Fifty-FourThousandDollars($54,000)withoutthepriorwritten permission of the City and the BSCC;
iii.Projectmanagement/projectsupport:nottoexceedForty-Eight ThousandDollars($48,000)withoutthepriorwrittenpermission of the City and the BSCC;
iv.Problemanalysis,shootingreviewsandrelateddatacollection andanalysis:nottoexceedForty-FiveThousandDollars
($45,000)withoutthepriorwrittenpermissionoftheCityandthe BSCC;
v.Clientneedsassessmentsurvey:nottoexceedThirty-Seven
ThousandFiveHundredDollars($37,500)withouttheprior
written permission of the City and the BSCC;

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
vi.Other.Program-relatedtravelcostsshallnotexceedatotalof Twenty-ThreeThousandFiveHundredDollars($23,500)without
the prior written permission of the City and the BSCC; as follows:

1.Lodging./AirTravel.Lodgingandairtravelcostswillnot
exceedthetotalaboveincombinationwithVehicletravel
below.

2.VehicleTravel.Vehicletravelshallnotexceedthenumber
oftripsrequiredtofulﬁllthescopeofworkabove.Vehicle
travelwillbecompensatedatactualmilestraveledand
shallbereimbursedattherateof$0.58/mileand/orthe
prevailing federal rate (whichever is higher).

2.Conditions:
a.Dualcompensation(i.e.,paymenttoapartymorethanonceforthesame work) is explicitly excluded.
b.Preparationandtraveltimeareconsideredreasonablecostsandwillbe reimbursedwhenaccompaniedbyabriefwrittendescriptionandrelated justiﬁcation.
c.Travelclaimsmustincludebriefdescriptionsofthepurpose,time,and destination.

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C-1
E
XHIBIT "C"

INSURANCE
A. I nsurance Requirements . Contractor shall provide and maintain insurance, acceptable to the City, in full force and effect throughout the term of this Agreement, against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Services by Contractor, its agents, representatives or employees. Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A:VII. Contractor shall provide the f ollowing scope and limits of insurance:

1. M inimum Scope of Insurance. Contractor shall maintain the following types and limits of insurance.

2. M inimum Limits of Insurance.
a. G
eneral liability insurance. Contractor shall maintain
commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage.

The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted. b. Automobile liability insu rance. Contractor shall maintain automobile liability insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with Work to be performed under this Agreement, including coverage for any owned, hired, non- owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident. c. Professional liability (errors & omissions) insurance. Contractor shall maintain professional liability insurance that covers the Services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Contractor agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.
d. Workers’ compensation insurance. Contractor shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000 per accident or disease). Contractor shall submit to City, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of City, its officers, agents, employees and volunteers.

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C-2
e. Umbrella or excess liability insurance. [Optional depending on limits required] . As an option to meet the limits of insurance required by this Agreement, Contractor may obtain and maintain an umbrella or excess liability insurance policy with limits that will provide bodily injury, personal injury and property damage liability coverage at least as broad as the primary coverages set forth above, including commercial general liability, automobile liability, and employer’s liability. Such policy or policies shall include the following terms and conditions:
(1) A drop down feature requiring the policy to respond if any primary insurance that would otherwise have applied proves to be uncollectible in whole or in part for any
reason;
(2) Pay on behalf of wording as opposed to
reimbursement;
(3) Concurrency of effective dates with primary policies; (4) Policies shall “follow form” to the underlying primary policies; and
(5) Insureds under primary policies shall also be insureds under the umbrella or excess policies.

A. O ther Provisions. Each insurance policy required by this Agreement shall be endorsed and state the cov erage shall not be suspended, voided, cancelled by the insurer or either Party to this Agreement, reduced in coverage or in limits except after 30 days' prior written notice by certified mail, return receipt requested, has been given to City.

B. O ther Requirements. Contractor agrees to deposit with City, at or before the effective date of this contract, certificates of insurance necessary to satisfy City that the insurance provisions of this contract have been complied with. The City Attorney may require that Contractor furnish City with copies of original endorsements effecting coverage required by this Section. The certificates and endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. City reserves the right to inspect complete, certified copies of all required insurance policies, at any time.

1. Upon request from the City, Contractor shall furnish certificates and endorsements from each subcontractor identical to those Contractor provides.

2. Any deductibles or self -insured retentions must be declared to and approved by City. At the option of City, either the insurer shall reduce or eliminate such deductibles or self -insured retentions as respects City or its respective elected or appointed officers, officials, employees and volunteers or the Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration, defense expenses and claims.

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C-3

3. T he procuring of such required policy or policies of insurance shall not be construed to limit Contractor’s liability hereunder nor to fulfill the indemnification provisions and requirements of this Agreement.

4. Coverage provided by Contractor shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non- contributory basis for the benefit of City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured.

5. All insurance coverage maintained or procured pursuant to this agreement shall be endorsed to waive subrogation against City , its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Contractor or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Contractor hereby waives its own right of recovery against City , and shall require similar written express waivers and insurance clauses from each of its subconsultants.

6. General liability policies shall provide or be endorsed to provide that City and its officers, officials, empl oyees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
15 February 2023
City of Hemet
445 E Florida Ave
Hemet, CA 92543
RE: Scope of Services: Stewart Wakeling
To Whom It May Concern:

The Institute for Ecological Civilization (EcoCiv), identiﬁed as Contractor, proposes to contract with the City of Hemet for the multi-year CalVIP grant project to provide the services of Stewart Wakeling (retired CPSC staff member and expert consultant on violence prevention). The contract work will begin immediately upon signing of the contract.

Please ﬁnd the scope of services attached. We look forward to working with the ﬁne staff of the City of Hemet for these important services.

If you have any questions or need any additional information or documentation, please do not hesitate to contact our President, Philip Clayton, [email protected], or Project Associate, Jessie Green ([email protected]),or me ([email protected]).

Sincerely,
Jessica RD Mardock
Director of Finance and Human Resources

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
EXHIBIT "A"

SCOPE OF SERVICES
ContractorshallprovidethefollowingServicesincompliancewiththeState Agreement, attached hereto as Attachment 1 to this Exhibit A.

TechnicalAssistanceconsistsofﬁve(5)partsfortheCommunityWideCollaborative:

AnApproachtoViolenceReduction.Thetiming,sequenceanddurationofthetraining andactivitiesbelowcanbemodiﬁedwiththewrittenagreementoftheproject management team.
●TechnicalAssistance(“TA”)–providing26daysoftrainingandcoachingoverthe course of the 3-year grant.

TA–technicalassistanceis theprocessofprovidingtargetedsupporttoan organizationwithadevelopmentneedorproblem.Itisaneffectivemethodfor building the capacity of an organization.
●CognitiveBehavioralTherapy(“CBT”)LifeSkillsWorkshop–providingtraining workshops(2-3days),trainingmaterials,and10-12daysoffollow-upcoaching, mentoring and related skill development and support.

Cognitivebehavioraltherapy(CBT)isaformofpsychologicaltreatmentthat hasbeendemonstratedtobeeffectiveforarangeofproblemsincluding depression,anxietydisorders,alcoholanddruguseproblems,maritalproblems, eatingdisorders,andseverementalillness. Thiswillhelppeoplemake well-informed decisions about their safety and life goals. ●ProjectManagement/projectsupport–providingdirectsupportto implementationleads.Provideddetailedimplementationplanandleadin development of performance reviews.
●ProblemAnalysis,ShootingReviewandrelatedDataCollectionandAnalysis– providingfullyear1andyear2datacollectionandanalysis(includingshooting incidents,individualsinvolvedinthoseincidents,networksandrelationships,

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Exclusions:Undernocircumstances,willtheContractorbereportingtoBSCC.

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2358 University Ave #2189
San Diego, CA 92104
619-438-0639
EXHIBIT "B"

COMPENSATION
ThetotalCompensationfortheServicesshallnotexceedTwoHundredFifty-Four Thousand Eight Hundred Dollars ($254,800),subjectto the following conditions.

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1.Lodging./AirTravel.Lodgingandairtravelcostswillnot
exceedthetotalaboveincombinationwithVehicletravel
below.

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1 City of Hemet
Support document – Stewart Wakeling experience
“The number years Mr. Wakeling worked at CPSC and the work he did with the other agencies.”
Mr. Wakeling has almost three decades of hands-on experience and expertise – and demonstrated success – in assembling a wide range of evidence-based violence reduction “deliverables” into practical and effective interventions and strategies, including extensive work on the development of city “Offices of Violence Prevention” (OVP).

1. Mr. Wakeling led early replications of partnership-based, focused-deterrence violence reduction strategies in Lowell, Massachusetts and Stockton, California. First as a senior researcher at Harvard‘s Kennedy School of Government’s Program in Criminal Justice Policy and Management and, subsequently, as the Juvenile Justice System Coordinator/Deputy County Administrator for San Joaquin County (1994-2005).

During this period, Mr. Wakeling began to expand the city of Stockton’s public safety capacity through the development of the Peacekeeper outreach program. A rigorous evaluation by Anthony Braga (now at the University of Pennsylvania) found that the Stockton effort reduced youth homicide by over 40%.

2. Mr. Wakeling also worked closely with the Paul Seave, the Director of the Governor’s Office of Gang and Youth Violence Policy during the Schwarzenegger administration, to develop and provide technical assistance to cities that received CalGRIP grants to implement evidence-based community approaches to violence reduction. (2005-2011)

3. Subsequent to that, Mr. Wakeling founded the California Partnership for Safe Communities and served as its executive director for over 10 years. In that role, Mr. Wakeling was a lead in successful partnership-based violence reduction initiatives in Oakland (a reduction of over 50% in homicide), a second nationally prominent effort in Stockton (also a reduction of over 50% in homicide), and as well as many other cities (San Bernardino, etc.). (2011-2022) In these roles, the National Network for Safe Communities cited Mr. Wakeling and CPSC as one of a handful of national experts capable of managing successful partnership-based focused deterrence efforts and related evidence-based strategies to reduce violence.

4. Mr. Wakeling continues to work in numerous cities in California with a particular focus on engaging community leadership and strengthening police community relations – both in the context of reducing serious gun violence through the development of city “offices of violence prevention” as key elements of local public safety strategies. (See section below) Also note that CPSC engineered the successful replication of Yale University’s “procedural

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2 justice training as change,” which led to major changes in the training of police officers and how they work with community partners in California.
“The work Stewart Wakeling did and continues to do with Bakersfield, Stockton, San Bernardino and others that is the foundation of the work with Hemet.”

1. Mr. Wakeling spent well over a decade developing Stockton’s Office of Violence Prevention and replicating elements of OVP in San Bernardino and, currently, similar efforts in other cities, including Bakersfield.

2. In the course of the above work, Mr. Wakeling has played or is playing a central role in the development and implementation of three primary program elements that together make up much of what are thought of as the functions of an Office of Violence Prevention/OVP. And note that while a fully functioning OVP is a key grant objective, decreases in violence and improved opportunities for young people at highest risk of violence are the core goals.
a. The first of these consists of building the capacity for data-driven management – and that consists of the (foundational) problem analysis and the shooting review process ( “process” in this context refers to initiative management and includes coordination meetings) that roots managing a diverse partnership to accurate and timely information on risk (of violence).
b. The second is the development of evidence-based/best practice intervention and life coaching. This consists of a blend of the “credible messenger” approach and cognitive behavioral theory which are, in turn, linked to three important things:
(i) strategic “real-time” intervention into violent conflicts: (ii) strong case management through case reviews and case conferencing and (iii) a well thought through and structured program design (i.e., something like a life-skills curriculum).
c. The third consists of the steady application of the principles of procedural justice to operations (and program design) as core to building and maintaining trust across a diverse group of partners – a particularly important factor in the development of community-city partnerships.
.

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3 “How Stewart Wakeling worked with the City to bring about this Crime Prevention program and assisted with writing the grant agreement.”

1. Hemet city staff was familiar with the above work from a workshop sponsored by CPSC in their Bay Area offices in 2016 and work Mr. Wakeling subsequently supported in San Bernardino in which the development of OVP functions were central (some of this work was supported by an early CalVIP grant).

2. In late 2021, city staff reached out to Mr. Wakeling regarding supporting city efforts to reduce violence. They discussed the program design features described below and came to an agreement that these formed the basis for working together. These meetings included city staff, the City’s mayor (Lilienthal) and the city’s police chief.

3. Recognizing that the match between Mr. Wakeling‘s experience, expertise and related professional qualifications formed a strong fit with the City of Hemet’s priorities, the parties agreed to work together. Based on that, the City and CPSC entered a planning contract that included preparing Hemet’s CalVIP proposal to the BSCC.

4. That proposal forms a plan for developing an Office of Violence Prevention/OVP that, among other things, has the design features briefly described above.

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City of Hemet
City Council Meeting

STAFF REPORT

Meeting: City Council Meeting - Apr 11 2023
Department: Fire Department
Submitted by: Mark Prestwich, City Manager
Eddie Sell, Fire Chief;

☐ Receive and File ☒ Consent Calendar ☐ Business Item ☐ Public Hearing

TITLE:

A Resolution of the City Council of the City of Hemet, California, to Process the Refund Request for Development Impact Fees [Water and Sewer] for Property Known as TR29129-9 Lots 1-22, TR 29129- 7 Lot 8, TR29129 -8 Lots 1-7, 26-29, and TR29129-1 Lot 29 for a Total Amount of $25,655 to Jeffery MDM Partners VII, LLC

RECOMMENDED ACTION:

It is respectfully recommended that the City Council:

Adopt a Resolution of the City Council of the City of Hemet, California, to Process the Refund Request for Development Impact Fees [Water and Sewer] for Property Known as TR29129 -9 Lots 1 -22,TR 29129-7 Lot 8, TR29129 -8 Lots 1-7, 26-29, and TR29129 -1 Lot 29 for a Total Amount of $25,655 to Jeffery MDM Partners VII, LLC.

BACKGROUND:

Pursuant to California Government Code section 66000, et seq., the City imposes development impact fees (DIF) in connection with the approval of a development project.

The Developer has applied for and the City has approved the project which is subject to Development Agreement No. [03-001] approved by the City Council on May 13, 2003.

The real property known as TR29129 -9 Lots 1-22 and TR 29129 -7 Lot 8 were assessed DIF fees for Water Holding and Distribution at $483/ lot. These lots were also assessed a DIF fee for Sewer Connection at $250/ lot.

The real property know as TR29129-8 Lots 1-7, 26-29 and TR29129-1 Lot 29 were assessed DIF fees for Water Holding and Distribution at $483/lot. These lots were also assessed a DIF fee for Sewer Connection at $250/lot. The City and Developer entered an Ag reement [Attachment 1] on September 30, 2022 to have the fees paid based upon the terms set forth in that Agreement.

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The Developer known as Jeffery MDM Partners VII, LLC asserts that these properties are exempt from payment of the Water Holding Distribut ion/ Sewer Connection DIF obligation as the project is outside the water and sewer service area of the City.

ANALYSIS:

The City collects 13 development impact fees for newly constructed residential single -family dwelling units that vary based upon the size of the lot. The two fees that are being considered to be refunded are outlined in the table below.

Water Holding ($483/Lot) Sewer Conn ($250/Lot)
TR29129-9
Lots 1-22 $10,626 $5,500

TR29129-7
Lot 8 $483 $250

TR29129-8
Lots 1-7 $3,381 $1,750
Lots 26-29 $1,932 $1,000

TR29129-1
Lot 29 $483 $250

Total $16,905 $8,750

The total refund request for both Water Holding and Sewer Connection development impact fees is $25,655.

DISCUSSION:

Development impact fees are paid by the developer/owner for various construction projects in the City.

These fees differ for commercial and residential projects. The fees are collected prior to the building obtaining a final inspection.

With respect to the referenced lots, the developer paid these fees upfront to reduce any delays with obtaining final sign-offs from the City and allowing occupants to move into their homes.

The amount that is being requested for refund for Water Holding/Distribution fee and Sewer Connection fee is $25,655.

STRATEGIC PLAN INTEGRATION:

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GOAL TWO: ECONOMIC OPPORTUNITY
To ensure that Hemet is a hub, with access to quality jobs, shopping options, and a varied and sustained tax base.

Objective 1: Develop business practices that welcome new development by streamlining processes.

Objective 2: Provide resources for new businesses to enhance the customer service experience.

FISCAL IMPACT:

There is no impact to the General Fund. The City uses DIF to provide resources for future infrastructure.

The service area for these properties fall outside the City's water and sewer area and is the reason for the refund. The Water Holding and Distribution will be refunded from account 571-0678. The original revenue budget for FY22/23 was $10,000 and the year -to-date for this account as of 3/2023 is $84,285.99. The Sewer Connection will be refunded from account 254 -0720. The original revenue budget for FY22/23 was $0 and the year-to-date for this account as of March 2023 is $43,750.

ATTACHMENT(S):

Attachment 1: DIF Fee Refund Resolution
Attachment 2: Minor_DIF_Deferral_Agreement_Jeffery_MDM_092922_(002).docx

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City of Hemet Resolution No. 2023-xxx

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-xxx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, TO PROCESS THE REFUND

REQUEST FOR DEVELOPMENT IMPACT FEES
[WATER AND SEWER] FOR PROPERTY KNOWN AS
TR29129-9 LOTS 1-22, TR29129-7 LOT 8, TR29129-8
LOTS 1-7, 26-29, AND TR29129-1 LOT 29 FOR A
TOTAL OF $25,655 TO JEFFREY MDM
PARTNERS VII, LLC.

The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, pursuant to California Government Code section 66000, et seq., the City imposes development impact fees in connection with the approval of a development Project.; and
WHEREAS, the Developer has applied for and the City has approved the project which is subject to Development Agreement No. [03-001] approved by the City Council on May 13, 2002; and
WHEREAS, the real property known as TR29129-9 Lots 1-22 and TR 29129-7 Lot 8 were assessed DIF fees for Water Holding and Distribution at $483/ lot. These lots were also assessed a DIF fee for Sewer Connection at $250/ lot; and WHEREAS, the real property known as TR29129-8 Lots 1-7, 26-29 and TR29129-1 Lot 29 were assessed DIF fees for Water Holding and Distribution at $483/lot. These lots were also assessed a DIF fee for Sewer Connection at $250/lot.

The City and Developer entered an Agreement [Attachment 1] on September 30, 2022 to have the fees paid based upon the terms set forth in that Agreement; and

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City of Hemet Resolution No. 2023-xxx
WHEREAS, With respect to the referenced lots, the developer paid these fees up front to reduce any delays with obtaining final signs offs from the City and allowing occupants to move into their homes. The amount that is being requested for refund for Water Holding/Distribution fee and Sewer Connection fee is $25,655.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HEMET FINDS, DETERMINES, ORDERS AND RESOLVES AS FOLLOWS:

SECTION 1. Incorporation of Recitals, The City Council of the City of Hemet finds and determines that the above referenced recitals are true and correct and the material to this Resolution.

SECTION 2. City Council Actions.
a) The City Manager, or his designee, is authorized and directed to utilize the funds allocated in the Building and Safety Division budget. b) The City Manager, or his designee, is authorized and direct to execute the request for refund in the amount of $25,655 to Jeffery MDM Partners VII, LLC. c) The City Manager, or his designee, is authorized and directed to execute any purchase orders, agreements, or other documents necessary to process the refund, agreements or other documents are in a form approved by the City Attorney.

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City of Hemet Resolution No. 2023-xxx
PASSED, APPROVED AND ADOPTED this 11th day of April, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

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City of Hemet Resolution No. 2023-xxx
State of California )
County of Riverside )
City of Hemet )
I, John Paul Maier, City Clerk of the City of Hemet, do hereby certify that the foregoing resolution was adopted by the Hemet City Council on the 11h day of April, 2023, and was passed by the following vote:

AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

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DEVELOPMENT IMPACT FEE PAYMENT

AGREEMENT

BY AND BETWEEN

THE CITY OF HEMET,

A CALIFORNIA MUNICIPAL CORPORATION

AND

[***JEFFERY MDM PARTNERS VII, LLC***]

DocuSign Envelope ID: 1C72218B-6236-46FE-9513-0EE17A2D74DA

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DEVELOPMENT IMPACT FEE PAYMENT AGREEMENT

THIS DEVELOPMENT IMPACT FEE PAYMENT AGREEMENT (“Agreement”) is made and entered into this [29] day of [September], 20[22] (“Effective Date”), by and between the CITY OF HEMET (“City”), a California municipal corporation and [Jeffery MDM Partners VII, LLC ] (“Developer”). For the purposes of this Agreement City and Developer are sometimes hereinafter referred to as “Party” and hereinafter referred collectively referred to as the “Parties.”

RECITALS
A. Developer owns, in fee simple, the real property generally known as [TR 29129-8 Lots 1- 7, 26-29 and TR29129-1 Lot 29].

B. The Developer has applied for and the City has approved the “Project” which is subject to Development Agreement No. [03-001] approved by the City Council on [May 13, 2002].

C. As authorized by California Government Code section 66000, et seq., the City imposes development impact fees in connection with the approval of a development project.

D. Such fees include the water/sewer development impact fees (the “ Water/Sewer DIF Obligation”). Developer asserts that it is exempt from payment of the Water/Sewer DIF Obligation as the Project it outside the water and sewer service area of the City.

E. The Parties are negotiating an Amended and Restated Development Agreement which the Parties intend to address the Water/Sewer DIF Obligation.

OPERATIVE PROVISIONS
NOW, THEREFORE, for and in consideration of the mutual promises and covenants made by the Parties and contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the Parties agree as follows:

SECTION 1. AGREEMENT REGARDING PAYMENT OF THE WATER/SEWER DIF OBLIGATION.

The Parties agree that the Ow ner’s obligation to pay the Water/Sewer DIF Obligation for the Project may be satisfied on the terms and conditions set forth in this Agreement. Owner asserts that it has no obligation to pay the Water/Sewer DIF Obligation for the Project but agrees to do so on the terms and conditions set forth within this Agreement.

A. AMOUNT OF DIF OBLIGATION. At the time of the execution of this Agreement, the Water/Sewer DIF Obligation is calculated to be [$8,796] ($733/lot).

B. TIMING OF PAYMENT. The Developer agrees to pay the Water/Sewer DIF Obligation no later than City Hall’s close of business, Friday, October 7, 2022.

DocuSign Envelope ID: 1C72218B-6236-46FE-9513-0EE17A2D74DA

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C. ALL OTHER FEES. All other fees owing as a result of the development of the Project must be paid prior to final inspection or issuance of a temporary or final certificate of occupancy. The amount of all other fees is calculated to be [$125,454] (Total of 12 lots).

SECTION 2. INDEMNIFICATION.

To the fullest extent permitted by law, Developer shall indemnify, protect, defend (with legal counsel reasonably acceptable to City) and hold harmless City and any and all of its elected and appointed officials, officers, employees, representatives and agents (“Indemnified Parties”) from and against any and all claims, actions and proceedings (whether at law or equity, administrative or judicial), demands, orders, judgments, losses, injuries (including, without limitation, injury to or death of an employee of Developer), liabilities of every kind (including, without limi tation, incidental and consequential damages, court costs, and litigation expenses, and fees of expert Developers or expert witnesses incurred in connection therewith and cost of investigation) , damages, costs and expenses, including attorney’s fees and costs, (collectively "Claims") that arise out of, pertain to, or relate to , directly or indirectly, in whole or in part, the City’s actions under this Agreement , its officers, agents, employees , representatives, anyone directly or indirectly employed by any of them, or anyone that they control.

SECTION 3. TERMINATION OF AGREEMENT.

Either Party may terminate this Agreement, with or without cause, at any time by giving written notice of termination to the other Party.

SECTION 4. DEFAULT.

Until paid, the Water/Sewer DIF Obligation shall be deemed a debt due and owing to the City, which debt shall only be satisfied and discharged upon payment in full to the City. The City may pursue collection through all available legal and administrative means. Additional ly, if the Water/Sewer DIF Obligation is not paid by the date and time noted above in Section 1(B), the City may request, and Developer shall provide, an irrevocable letter of credit or a lien against the Property in the amount of the Water/Sewer DIF Oblig ation. Furthermore, the City shall be under no obligation to perform a final inspection or issue a temporary or final certificate of occupancy for any other structures on the Property until the Water/Sewer DIF Obligation is paid in full.

SECTION 5. AMENDMENT.

No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Developer and by City.

SECTION 6. WAIVER.

Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any Party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision nor a waiver of any subsequent breach or violation of any provision of this Agreement.

DocuSign Envelope ID: 1C72218B-6236-46FE-9513-0EE17A2D74DA

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SECTION 7. LAW TO GOVERN; VENUE.

This Agreement shall be interpreted, construed and governed according to the laws of the State of California. In the event of litigation between the Parties, venue in state trial courts shall lie exclusively in the County of Riverside, California. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in Riverside.

SECTION 8. ENTIRE AGREEMENT.

This Agreement, including the attached Exhibits and Addendums, along with any amendments thereto, is the entire, complete, final and exclusive expression of the Parties with respect to the matters addressed therein.

SECTION 9. SEVERABILITY.

If any term, condition or covenant of this Agreement is declared or determined by any court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions of this Agreement shall not be af fected thereby and the Agreement shall be read and construed without the invalid, void or unenforceable provision(s).

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date and year first-above written.

CITY OF HEMET
___________________________
Eddie Pust
Interim City Manager

DEVELOPER
By:

Its:

DocuSign Envelope ID: 1C72218B-6236-46FE-9513-0EE17A2D74DA 9/30/2022
9/30/2022
VP/CFO

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City of Hemet
City Council Meeting

STAFF REPORT

Meeting: City Council Meeting - Apr 11 2023
Department: City Attorney
Submitted by: Mark Prestwich, City Manager
Steven Graham, City Attorney;

☐ Receive and File ☐ Consent Calendar ☒ Business Item ☐ Public Hearing

TITLE:

A Resolution of the City Council of the City of Hemet, California, Authorizing the City Manager to Enter Settlement Agreements with Entities Within the Opioid Pharmaceutical Supply Chain

RECOMMENDED ACTION:

It is respectfully recommended that the City Council:

A Resolution of the City Council of the City of Hemet, California, Authorizing the City Manager to Enter Settlement Agreements with Entities Within the Opioid Pharmaceutical Supply Chain.

BACKGROUND:

The people of the City of Hemet have been h armed by misfeasance, nonfeasance, and malfeasance committed by certain entities within the Opioid Pharmaceutical Supply Chain.

DISCUSSION:

The State of California is participating in five new proposed national opioid settlements. The City of Hemet has received a participation package that includes participation forms and State subdivision agreements for settlements related Teva, Allergan, CVS, Walgreens, and Walmart. The participation package also includes a side letter agreement between California and CVS. In order to be considered for payment eligibility and initial participation calculations, the City must execute and submit the forms and agreements before April 18, 2023.

Funds received from these settlements are limited use and must be used for future opioid remediation.

PREVIOUS COUNCIL ACTION:

None.

STRATEGIC PLAN INTEGRATION:

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GOAL ONE: QUALITY OF LIFE:

To ensure that Hemet is safe, clean, attractive and comfortable for all who live, work, and visit.

Objective 3: Increase Public Safety visibility and response.

GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.

Objective 1: Operate in a financially sustainable manner.

FISCAL IMPACT:

Approval of this item will allow the City to be considered for payment eligibility in five national opioid settlements.

ALTERNATIVE(S):

None.

ATTACHMENT(S):

Attachment 1: Opioid Resolution

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City of Hemet Resolution No. 2023-xxx

CITY OF HEMET

HEMET, CALIFORNIA
RESOLUTION NO. 2023-xxx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF HEMET, CALIFORNIA, AUTHORIZING THE CITY

MANAGER TO ENTER SETTLEMENT AGREEMENTS

WITH ENTITIES WITHIN THE OPIOID

PHARMACEUTICAL SUPPLY CHAIN
The City Council of the City of Hemet, California (hereafter referred to as the “City Council”) does resolve as follows:

WHEREAS, the City of Hemet, California is a city formed and organized pursuant to the Constitution and laws of the State of California; and WHEREAS, the people of the City of Hemet have been harmed by misfeasance, nonfeasance and malfeasance committed by certain entities within the Opioid Pharmaceutical Supply Chain; and
WHEREAS, the State of California, through its Attorney General, and certain Local Governments, through their elected representatives and counsel, are separately engaged in litigation seeking to hold Opioid Pharmaceutical Supply Chain Participants accountable for the damage caused by their misfeasance, nonfeasance and malfeasance; and
WHEREAS, the State of California, through its Governor and Attorney General, and its Local Governments have negotiated global settlement agreements that the City of Hemet may participate in; and
WHEREAS, the City of Hemet has already participated in several such agreements and the City anticipates participating in more in the future.

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City of Hemet Resolution No. 2023-xxx

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HEMET, CALIFORNIA THAT the Hemet City Council hereby authorizes the City Manager to execute future settlement agreements and any other documents necessary to effectuate settlement with entities in the Opioid Pharmaceutical Supply Chain so long as such settlements are approved as to form by the City Attorney.

PASSED, APPROVED AND ADOPTED this 11th day of April, 2023. ____________________________
Joe Males, Mayor
ATTEST:
_____________________________
John Paul Maier, City Clerk

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AYES: Council Members:

NOES: Council Members:

ABSTAIN: Council Members:

ABSENT: Council Members:
_____________________________
John Paul Maier, City Clerk

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City of Hemet
City Council Meeting

STAFF REPORT

Meeting: City Council Meeting - Apr 11 2023
Department: Finance
Submitted by: Mark Prestwich, City Manager
Paul Espinoza, Interim Finance Director;

☐ Receive and File ☐ Consent Calendar ☒ Business Item ☐ Public Hearing

TITLE:

Investment Portfolio Update with Public Trust Advisors

RECOMMENDED ACTION:

It is respectfully recommended that the City Council:

Receive and file the update on the pooled cash of all City Funds including General Fund from Public Trust Advisors.

BACKGROUND:

In December 2021, Council adopted Resolution No. 2021-135 adding Division 6 to Article III to Chapter 2 of the Hemet Municipal Code Related to the City Treasurer as well as a Resolution Delegating Investment Authority Pursuant to Hemet Municipal Code Section 2-15.

Also in December 2021, at the recommendation of the Investment Oversight Committee and the City's outside investment consultant, Public Trust Advisors, the City Council approved the updated Annual Investment Policy.

On April 3, 2023 , the Investment Oversight Committee met with Public Trust Advisors to dis cuss the following items:

1. Proposed Investment Policy

2. Current investments held by the City of Hemet

3. An update on the pooled cash of all City Funds including the General Fund

ANALYSIS:

The Investment Oversight Committee has met with Public Trust Advisors and recommended Public Trust Advisors to present Council with an update on the pooled cash of all City Funds including General Fund.

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Staff has worked with Public Trust Advisors to recommend an adequate level of investments that works well with the City's immediate cash flow needs. The City currently has approximately $177 million in pooled cash balances for all City Funds including the General Fund.

DISCUSSION:

Mark Creger and Tom Tight will provide an update on the status of the City's Investment Portfolio.

STRATEGIC PLAN INTEGRATION:

GOAL THREE: COMMUNITY ENGAGEMENT
To connect and participate in a constant dialogue between members of the community, City staff, and elected officials to promote togetherness and positivity.

Objective 1: Deliver messaging to the Community that connects, is consistent, and relevant.

Objective 2: Increase transparency for the public.

Objective 3: Increase the community's pride within the City.

GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.

Objective 1: Operate in a financially sustainable manner.

Objective 2: Evaluate existing practices to ensure continuity with industry best practices.

Objective 3: Provide Council with policies that are consistent while lessening liabilities.

Objective 4: Increase employee retention by training and creating a positive workplace.

Objective 5: Streamline fire prevention coordination efforts.

FISCAL IMPACT:

Fiscal Impact is not known at this time.

ATTACHMENT(S):

Attachment 1: City of Hemet Market Update_04.03.23
Attachment 2: Hemet - Portfolio Rebalancing Analysis - 1-3 Portfolio - 03.29.23 Attachment 3: Hemet - Portfolio Rebalancing Analysis - 1-5 Portfolio - 03.29.23 Attachment 4: Index Analysis_25-Years_Through_2022
Attachment 5: City of Hemet 1-3 [20230201 - 20230228] Statement 2 (5710) v1 Attachment 6: City of Hemet 1-5 STR [20230201 - 20230228] Statement 2 (5710) v1 Attachment 7: City of Hemet AA Chart Summary Statement for January 2023

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Economic & Market Update
Prepared for the City of Hemet Investment Oversight Committee Meeting Date: April 3, 2023

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Public Trust Advisors 2022 ©
Macroeconomic Themes
2 Inflation Cooling
A directionally slower but still elevated core inflation rate supports expectations for the Fed to maintain interest rate policy “higher for longer”. Persistent inflation and still-tight labor markets amidst elevated bank stresses clouds the outlook.

Fed Recalibrates Pace of Rate Hikes
While the Fed has slowed the pace of rate hikes, recent stresses in the banking sector have introduced significant uncertainty resulted in growing market expectations for rate cuts later this year. Time will tell Recession Ahead?
Market participants continue to reflect expectations of meaningfully slower growth in the U.S. as higher interest rates weigh on activity. The potential for a tightening of credit conditions in the wake of recent bank failures adds additional headwinds to economic activity.

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Public Trust Advisors 2022 ©
Domestic Growth: Fourth Quarter GDP Growth Revised Modestly Lower 3Source: Bureau of Economic Analysis, Bloomberg
Real Inflation Adjusted GDP was Revised Lower to 2.7% in Q4 from the Previously Reported 2.9% The details of the report point to an economy that was losing steam at the end of 2022. Stripping out trade, government spending, and inventories, a key gauge of underlying demand known as inflation-adjusted final sales to private domestic purchasers rose just 0.1%, the weakest since the start of the pandemic.

2.7 3.6 1.8
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Domestic Growth: Bloomberg Consensus Forecasts Portend Slower Growth Ahead 4Source: Bloomberg
U.S. GDP is Forecast to Stall in Coming Quarters as Tighter Monetary and Fiscal Conditions Weigh on Activity The U.S. is forecast to slow notably in coming quarters as the lagged effects of tighter monetary policy and fiscal headwinds weigh on economic activity. Recent turmoil in the regional banking sector will be closely watched for signs of more broad-based stresses in the financial sector.
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ISM Surveys: Manufacturing Continues to Signal Contraction While Services Hold Steady 5Source: Institute for Supply Management, Bloomberg
While Manufacturing Activity Continues to Contract, Service Sector Expansion Keeps Pressure on Labor Markets While the ISM manufacturing index continues to paint the picture that manufacturing is in correction, the resiliency of the service sector activity may keep pressure on the Fed to remain focused on reducing inflation.

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Expansion ↑
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Public Trust Advisors 2022 ©
Continued strong job growth remains a bright spot in the U.S. economy as job gains continue and wage pressures soften helping to ease inflationary pressures. Average hourly earnings rose 0.2% in February bringing the three-month annualized pace to 3.6% as improving labor supply appears to be taking some of the pressure off wages.

Labor Markets: Solid Hiring Continued in February
6Source: Bureau of Labor Statistics
Nonfarm Payrolls Remained Hot in February adding 311K New Jobs over the Month 663
557
781
614
569
364
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414
254
364 370
568
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290
239
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Public Trust Advisors 2022 ©
The unemployment rate moved up from a 53-year low of 3.4% to 3.6% in February as more workers returned to the labor force, propelling the labor force participation rate to a cycle high of 62.5%.

Labor Markets: The Unemployment Nudged Higher from it’s Lowest Level in 53 Years 7Source: Bureau of Labor Statistics
Tight Labor Markets Remain Focal Point for the Fed Even as Signs of Cooling Begin to Emerge

3.6 0
2 4
6 8
10 12
14 16
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Feb-55
Feb-59
Feb-63
Feb-67
Feb-71
Feb-75
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Inflation: Inflation Remains Elevated as Core Services Ex-Housing Reaccelerated in February 8 Inflation Remains Highly Elevated Even as Price Pressures Persist Outside of the Closely Watched Shelter Segment The persistency and breadth of inflationary pressures remains troublesome for policy makers which, if not for a string of recent bank failures, would likely be considering reaccelerating the pace of rate hikes to get in front of hard to tame price pressures.

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

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Monetary Policy: The FOMC’s Next Policy Meeting is Scheduled for March 21st – 22nd 9Source: Federal Reserve, Bloomberg
The March FOMC meeting will provide important insights into how the string of recent regional bank failures may impact Fed Policy as they seek to balance the goal of taming inflation amidst growing stresses in the financial system.

Market Participant’s Have Recalibrated Rate Hike Expectations in the Wake of Recent Bank Failures

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Monetary Policy: Recent Bank Failures Have Caused Markets to Recalibrate Rate Expectations 10Source: Federal Reserve, Bloomberg
The recent failure of Silicone Valley Bank and Signature Bank are a shot across the bow for the Federal Reserve and a reminder of stresses that may be lurking under the surface as the Fed continues its most aggressive pace of rate hikes since the early 1980’s.

The Fed Funds Futures Shifted Notably Lower With Participants Anticipating Rate Cuts Could Start as Early as Mid Year -8.70
-22.50
-32.30
-37.80
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Treasury Market: Rates Have Shifted Lower over the Most Recent Month 11Source: Bloomberg
Rates Shifted Modestly Lower as Investors Sought the Relative Safety of U.S. Treasuries Amidst Growing Financial Market Stres ses Recent bank failures have both pushed rate hike expectations lower and fueled a flight-to-quality rally in Treasury Markets sending yields lower over the month.
9 -16 -32 -33 -32 -32 -31

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Treasury Market: T wo Year Treasury Yields Fell over 100 basis points over Three Trading Days 12Source: Bloomberg
The Flight-to-Quality and Reshaping of Fed Rate Hike Expectations Have Been Swift in the Wake of Recent Bank Failures T wo-year treasury yields fell to below 4%, recording their steepest three-day decline since 1987 as investors flocked to the safety of U.S. treasuries which also offered their highest yields in 15 years.

5.07 3.94

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1 2
3 4
5 6
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
2-Year Treasury Yield

Page 14 of 79 ends

13.A

Page 224 of 359 ends

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

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

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

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

Public Trust Advisors
717 17th Street, Suite 1850
Denver, Colorado 80202

Page 15 of 79 ends

13.A

Page 225 of 359 ends

City of Hemet
1-3 Portfolio
Portfolio Pre Rebalancing Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Gains/Losses
Hold

CASH/MMF
X9USDBMCR
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
28,879
100.000
28,878.84
-
28,878.84

0.00%

0.00 0.00
-
Hold
CORP
037833AK6
Apple Inc

2.400%
5/3/2023
1,000,000

99.740
997,398.95
9,666.67
1,007,065.62

5.04%

2.65%

0.10 0.10
(2,375.09)
Hold
CORP
594918BQ6
Microsoft Corp

2.000%
8/8/2023
1,000,000

98.935
989,347.82
2,777.78
992,125.60

4.99%

2.70%

0.36 0.36
(8,279.10)
Hold
CD
474067AQ8
Jefferson Financial Credit
Union

3.350%
10/19/2023
247,000

99.017
244,572.24
3,627.18
248,199.42

5.14%

3.35%

0.54 0.56
(2,427.76)
Hold
CD
06426KBH0
Bank of New England

2.150%
11/20/2023
249,000

98.078
244,213.97
132.00
244,345.98

5.17%

2.15%

0.64 0.65
(4,786.03)
Hold
CORP
46625HJT8
JPMorgan Chase & Co

3.875%
2/1/2024
1,000,000

98.243
982,432.41
6,135.42
988,567.83

6.04%

3.10%

0.81 0.85
(23,599.95)
Hold
CD
06251AW30
Bank Hapoalim BM/New
York NY

3.050%
3/6/2024
247,000

98.024
242,118.29
454.07
242,572.37

5.22%

3.05%

0.91 0.94
(4,881.71)
Hold
CD
61760AZA0
Morgan Stanley Private Bank
NA

2.750%
4/18/2024
240,000

97.500
234,000.48
2,911.23
236,911.71

5.20%

2.75%

1.01 1.06
(5,999.52)
Hold
CORP
14913Q2V0
Caterpillar Financial Services
Corp

2.850%
5/17/2024
1,100,000

97.803
1,075,835.52
11,407.92
1,087,243.44

4.86%

3.49%

1.09 1.14
(16,466.36)
Hold
US GOV
912828XT2
United States Treasury
Note/Bond

2.000%
5/31/2024
2,010,000

97.164
1,952,998.41
13,031.87
1,966,030.28

4.50%

1.60%

1.14 1.18
(66,165.70)
Hold
AGCY
3130ASDS5
Federal Home Loan Banks

2.750%
6/28/2024
500,000

97.981
489,905.73
3,437.50
493,343.23

4.42%

3.27%

1.20 1.25
(6,926.82)
Hold
US GOV
91282CEX5
United States Treasury
Note/Bond

3.000%
6/30/2024
1,550,000

98.191
1,521,966.70
11,175.41
1,533,142.11

4.49%

4.01%

1.21 1.26
(9,205.74)
Hold
US GOV
9128286Z8
United States Treasury
Note/Bond

1.750%
6/30/2024
2,010,000

96.731
1,944,283.05
8,453.66
1,952,736.71

4.45%

1.62%

1.22 1.26
(68,954.97)
Hold
US GOV
912828Y87
United States Treasury
Note/Bond

1.750%
7/31/2024
2,010,000

96.527
1,940,198.73
5,441.44
1,945,640.17

4.44%

1.63%

1.30 1.35
(73,050.65)
Hold
AGCY
3133ENG20
Federal Farm Credit Banks
Funding Corp

3.300%
8/15/2024
1,900,000

98.570
1,872,830.04
7,489.17
1,880,319.20

4.38%

3.28%

1.33 1.39
(27,721.25)
Hold
CORP
254687FK7
Walt Disney Co/The

1.750%
8/30/2024
505,000

95.995
484,773.00
736.46
485,509.46

4.69%

1.87%

1.38 1.43
(19,336.83)
Hold
CD
938828BJ8
Washington Federal Bank
NA

2.050%
8/23/2024
249,000

95.727
238,360.48

69.92 238,430.40

5.20%

2.05%

1.38 1.41
(10,639.52)
Hold
AGCY
3130A2UW4
Federal Home Loan Banks

2.875%
9/13/2024
1,900,000

98.075
1,863,418.08
2,276.04
1,865,694.13

4.25%

3.28%

1.41 1.47
(25,904.02)
Hold
US GOV
912828YM6
United States Treasury
Note/Bond

1.500%
10/31/2024
1,890,000

95.727
1,809,232.74
11,590.61
1,820,823.35

4.31%

1.67%

1.54 1.60
(75,681.26)
Hold
US GOV
9128283J7
United States Treasury
Note/Bond

2.125%
11/30/2024
1,890,000

96.582
1,825,399.80
13,019.71
1,838,419.51

4.26%

1.68%

1.61 1.68
(78,155.05)
Hold
US GOV
912828YV6
United States Treasury
Note/Bond

1.500%
11/30/2024
1,890,000

95.574
1,806,352.38
9,190.38
1,815,542.76

4.26%

1.69%

1.62 1.68
(77,787.27)
Hold
AGCY
3130AQF40
Federal Home Loan Banks

1.000%
12/20/2024
2,000,000

94.484
1,889,675.62
5,444.44
1,895,120.06

4.35%

3.30%

1.68 1.73
(34,454.78)
Hold
CD
856285SK8
State Bank of India/New
York NY

2.000%
1/22/2025
245,000

94.481
231,477.47
872.60
232,350.07

5.20%

2.00%

1.75 1.82
(13,522.53)
Hold
CORP
89236TGT6
Toyota Motor Credit Corp

1.800%
2/13/2025
600,000

94.875
569,248.49
1,350.00
570,598.49

4.69%

3.56%

1.81 1.88
(11,989.45)
Hold
CD
538036HW7
Live Oak Banking Co

1.850%
2/14/2025
247,000

93.988
232,150.85
338.02
232,488.87

5.20%

1.85%

1.84 1.89
(14,849.15)
Hold
US GOV
9128283Z1
United States Treasury
Note/Bond

2.750%
2/28/2025
2,300,000

97.477
2,241,961.80
4,812.50
2,246,774.30

4.13%

3.95%

1.84 1.93
(7,780.15)
Hold
US GOV
91282CEH0
United States Treasury
Note/Bond

2.625%
4/15/2025
2,300,000

97.090
2,233,065.40
27,201.92
2,260,267.32

4.12%

3.96%

1.94 2.05
(7,549.13)
Hold
AGCY
3135G03U5
Federal National Mortgage
Association

0.625%
4/22/2025
2,000,000

92.960
1,859,206.46
5,416.67
1,864,623.13

4.22%

3.25%

2.01 2.07
(37,717.63)
Hold
US GOV
91282CEU1
United States Treasury
Note/Bond

2.875%
6/15/2025
1,850,000

97.563
1,804,906.25
15,050.31
1,819,956.56

4.03%

3.26%

2.10 2.22
(29,909.32)
Hold
US GOV
912828Y79
United States Treasury
Note/Bond

2.875%
7/31/2025
2,835,000

97.457
2,762,905.95
12,608.70
2,775,514.65

4.02%

3.93%

2.23 2.35
(6,250.18)
Hold
CORP
69371RR99
PACCAR Financial Corp

3.550%
8/11/2025
1,900,000

97.742
1,857,092.95
8,805.97
1,865,898.92

4.56%

3.58%

2.23 2.38
(41,841.15)
Sub Total
39,692,879
38,470,208.90
204,925.58
38,675,134.48

4.43%

2.88%

1.53 1.60
(814,208.06)
Sell/Rebalance

CASH/MMF
X9USDBMCR
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
2,741,603
100.000
2,741,603.01
-
2,741,603.01

0.00%

0.00 0.00
-
Sell/Rebalance
US GOV
912828T91
United States Treasury
Note/Bond

1.625%
10/31/2023
2,070,000

98.207
2,032,884.90
13,752.35
2,046,637.25

4.73%

1.49%

0.57 0.59
(38,793.39)
Sell/Rebalance
US GOV
91282CDM0
United States Treasury
Note/Bond

0.500%
11/30/2023
2,070,000

97.258
2,013,236.46
3,355.22
2,016,591.68

4.67%

1.51%

0.66 0.68
(42,895.15)
Sell/Rebalance
AGCY
3130A0F70
Federal Home Loan Banks

3.375%
12/8/2023
1,100,000

98.895
1,087,842.77
11,343.75
1,099,186.52

5.01%

3.36%

0.67 0.70
(12,221.53)
Sell/Rebalance
US GOV
91282CDR9
United States Treasury
Note/Bond

0.750%
12/31/2023
2,070,000

97.102
2,010,003.12
3,731.15
2,013,734.27

4.68%

1.52%

0.74 0.76
(48,084.44)
Sell/Rebalance
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
2,070,000

96.930
2,006,444.79
2,801.93
2,009,246.72

4.62%

1.53%

0.82 0.85
(52,337.52)
Sell/Rebalance
AGCY
3130A0XE5
Federal Home Loan Banks

3.250%
3/8/2024
1,800,000

98.598
1,774,765.76
3,250.00
1,778,015.76

4.78%

3.37%

0.91 0.95
(23,193.34)
Sell/Rebalance
US GOV
912828X70
United States Treasury
Note/Bond

2.000%
4/30/2024
2,010,000

97.297
1,955,667.69
16,435.36
1,972,103.05

4.57%

1.60%

1.05 1.09
(62,969.03)
Sub Total
15,931,603
15,622,448.50
54,669.76
15,677,118.25

3.88%

1.60%

0.64 0.67
(280,494.40)
Grand Total
55,624,482
54,092,657.40
259,595.34
54,352,252.73

4.27%

2.51%

1.27 1.33
(1,094,702.46)

Page 16 of 79 ends

13.A

Page 226 of 359 ends

City of Hemet
1-3 Portfolio
Portfolio Pre Rebalancing Trades
As of 3/28/2023
Portfolio Characteristics Pre Trade
Par Value:
55,624,482

Market Value:
54,092,657.40

Duration:

1.27 Years to Maturity:

1.33 Market Yield:

4.27%
Book Yield:

2.51%
Portfolio Allocation Pre Trade
Cash & Equivalents:

5.1%
U.S. Government Securities:

58.9%
U.S. Agency Securities:

20.0%
U.S. Corporate Securities:

12.9%
U.S. Certificates of Deposit:

3.1%
US GOV

58.9%
AGCY

20.0%
CORP

12.9%

CASH/MMF

5.1%
CD

3.1%
Pretrade

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

0.00 - 0.49

0.50 - 0.99

1.00 - 1.49

1.50 - 1.99

2.00 - 2.49

2.50 - 2.99
Yield
Market Value %
Duration & Yield Distribution
Portfolio Pre Trade
Index Market Value
Portfolio Market Value Pre Trade
Portfolio Market Yield Pre Trade
Portfolio Book Yield Pre Trade

Page 17 of 79 ends

13.A

Page 227 of 359 ends

City of Hemet
1-3 Portfolio
Proposed Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Realized
Gains/Losses
Sell/Rebalance
US GOV
912828T91
United States Treasury
Note/Bond

1.625%
10/31/2023
2,070,000

98.207
2,032,884.90
13,752.35
2,046,637.25

4.73%

1.49%

0.57 0.59
(38,793.39)
Sell/Rebalance
US GOV
91282CDM0
United States Treasury
Note/Bond

0.500%
11/30/2023
2,070,000

97.258
2,013,236.46
3,355.22
2,016,591.68

4.67%

1.51%

0.66 0.68
(42,895.15)
Sell/Rebalance
AGCY
3130A0F70
Federal Home Loan Banks

3.375%
12/8/2023
1,100,000

98.895
1,087,842.77
11,343.75
1,099,186.52

5.01%

3.36%

0.67 0.70
(12,221.53)
Sell/Rebalance
US GOV
91282CDR9
United States Treasury
Note/Bond

0.750%
12/31/2023
2,070,000

97.102
2,010,003.12
3,731.15
2,013,734.27

4.68%

1.52%

0.74 0.76
(48,084.44)
Sell/Rebalance
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
2,070,000

96.930
2,006,444.79
2,801.93
2,009,246.72

4.62%

1.53%

0.82 0.85
(52,337.52)
Sell/Rebalance
AGCY
3130A0XE5
Federal Home Loan Banks

3.250%
3/8/2024
1,800,000

98.598
1,774,765.76
3,250.00
1,778,015.76

4.78%

3.37%

0.91 0.95
(23,193.34)
Sell/Rebalance
US GOV
912828X70
United States Treasury
Note/Bond

2.000%
4/30/2024
2,010,000

97.297
1,955,667.69
16,435.36
1,972,103.05

4.57%

1.60%

1.05 1.09
(62,969.03)
Sub Total
13,190,000
12,880,845.49
54,669.76
12,935,515.25

4.70%

1.93%

0.78 0.81
(280,494.40)
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Realized
Gains/Losses
Buy
US GOV
91282CGG0
United States Treasury
Note/Bond

4.125%
1/31/2025
1,240,000

99.898
1,238,740.63
7,912.71
1,246,653.33

4.18%

1.75 1.85
-
Buy
US GOV
91282CFP1
United States Treasury
Note/Bond

4.250%
10/15/2025
2,850,000
100.625
2,867,812.50
54,572.80
2,922,385.30

3.99%

2.35 2.55
-
Buy
US GOV
91282CFW6
United States Treasury
Note/Bond

4.500%
11/15/2025
2,850,000
101.305
2,887,183.59
47,119.48
2,934,303.07

3.97%

2.43 2.64
-
Buy
US GOV
91282CGE5
United States Treasury
Note/Bond

3.875%
1/15/2026
2,825,000

99.844
2,820,585.94
21,772.79
2,842,358.73

3.93%

2.61 2.81
-
Buy
US GOV
91282CGL9
United States Treasury
Note/Bond

4.000%
2/15/2026
2,825,000
100.219
2,831,179.69
12,798.34
2,843,978.03

3.92%

2.69 2.89
-
Buy
US GOV
91282CGR6
United States Treasury
Note/Bond

4.625%
3/15/2026
2,825,000
102.047
2,882,824.22
4,615.57
2,887,439.79

3.89%

2.75 2.97
-
Total
15,415,000
15,528,326.56
148,791.69
15,677,118.25

3.96%

2.50 2.70
-

Page 18 of 79 ends

13.A

Page 228 of 359 ends

City of Hemet
1-3 Portfolio
Portfolio Post Rebalancing Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Unrealized
Gains/Losses
Hold

CASH/MMF
X9USDBMCR
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
28,879
100.000
28,878.84
-
28,878.84

0.00%

0.00 0.00
-
Hold
CORP
037833AK6
Apple Inc

2.400%
5/3/2023
1,000,000

99.740
997,398.95
9,666.67
1,007,065.62

5.04%

2.65%

0.10 0.10
(2,375.09)
Hold
CORP
594918BQ6
Microsoft Corp

2.000%
8/8/2023
1,000,000

98.935
989,347.82
2,777.78
992,125.60

4.99%

2.70%

0.36 0.36
(8,279.10)
Hold
CD
474067AQ8
Jefferson Financial Credit
Union

3.350%
10/19/2023
247,000

99.017
244,572.24
3,627.18
248,199.42

5.14%

3.35%

0.54 0.56
(2,427.76)
Hold
CD
06426KBH0
Bank of New England

2.150%
11/20/2023
249,000

98.078
244,213.97
132.00
244,345.98

5.17%

2.15%

0.64 0.65
(4,786.03)
Hold
CORP
46625HJT8
JPMorgan Chase & Co

3.875%
2/1/2024
1,000,000

98.243
982,432.41
6,135.42
988,567.83

6.04%

3.10%

0.81 0.85
(23,599.95)
Hold
CD
06251AW30
Bank Hapoalim BM/New
York NY

3.050%
3/6/2024
247,000

98.024
242,118.29
454.07
242,572.37

5.22%

3.05%

0.91 0.94
(4,881.71)
Hold
CD
61760AZA0
Morgan Stanley Private Bank
NA

2.750%
4/18/2024
240,000

97.500
234,000.48
2,911.23
236,911.71

5.20%

2.75%

1.01 1.06
(5,999.52)
Hold
CORP
14913Q2V0
Caterpillar Financial Services
Corp

2.850%
5/17/2024
1,100,000

97.803
1,075,835.52
11,407.92
1,087,243.44

4.86%

3.49%

1.09 1.14
(16,466.36)
Hold
US GOV
912828XT2
United States Treasury
Note/Bond

2.000%
5/31/2024
2,010,000

97.164
1,952,998.41
13,031.87
1,966,030.28

4.50%

1.60%

1.14 1.18
(66,165.70)
Hold
AGCY
3130ASDS5
Federal Home Loan Banks

2.750%
6/28/2024
500,000

97.981
489,905.73
3,437.50
493,343.23

4.42%

3.27%

1.20 1.25
(6,926.82)
Hold
US GOV
91282CEX5
United States Treasury
Note/Bond

3.000%
6/30/2024
1,550,000

98.191
1,521,966.70
11,175.41
1,533,142.11

4.49%

4.01%

1.21 1.26
(9,205.74)
Hold
US GOV
9128286Z8
United States Treasury
Note/Bond

1.750%
6/30/2024
2,010,000

96.731
1,944,283.05
8,453.66
1,952,736.71

4.45%

1.62%

1.22 1.26
(68,954.97)
Hold
US GOV
912828Y87
United States Treasury
Note/Bond

1.750%
7/31/2024
2,010,000

96.527
1,940,198.73
5,441.44
1,945,640.17

4.44%

1.63%

1.30 1.35
(73,050.65)
Hold
AGCY
3133ENG20
Federal Farm Credit Banks
Funding Corp

3.300%
8/15/2024
1,900,000

98.570
1,872,830.04
7,489.17
1,880,319.20

4.38%

3.28%

1.33 1.39
(27,721.25)
Hold
CORP
254687FK7
Walt Disney Co/The

1.750%
8/30/2024
505,000

95.995
484,773.00
736.46
485,509.46

4.69%

1.87%

1.38 1.43
(19,336.83)
Hold
CD
938828BJ8
Washington Federal Bank
NA

2.050%
8/23/2024
249,000

95.727
238,360.48

69.92 238,430.40

5.20%

2.05%

1.38 1.41
(10,639.52)
Hold
AGCY
3130A2UW4
Federal Home Loan Banks

2.875%
9/13/2024
1,900,000

98.075
1,863,418.08
2,276.04
1,865,694.13

4.25%

3.28%

1.41 1.47
(25,904.02)
Hold
US GOV
912828YM6
United States Treasury
Note/Bond

1.500%
10/31/2024
1,890,000

95.727
1,809,232.74
11,590.61
1,820,823.35

4.31%

1.67%

1.54 1.60
(75,681.26)
Hold
US GOV
9128283J7
United States Treasury
Note/Bond

2.125%
11/30/2024
1,890,000

96.582
1,825,399.80
13,019.71
1,838,419.51

4.26%

1.68%

1.61 1.68
(78,155.05)
Hold
US GOV
912828YV6
United States Treasury
Note/Bond

1.500%
11/30/2024
1,890,000

95.574
1,806,352.38
9,190.38
1,815,542.76

4.26%

1.69%

1.62 1.68
(77,787.27)
Hold
AGCY
3130AQF40
Federal Home Loan Banks

1.000%
12/20/2024
2,000,000

94.484
1,889,675.62
5,444.44
1,895,120.06

4.35%

3.30%

1.68 1.73
(34,454.78)
Buy
US GOV
91282CGG0
United States Treasury
Note/Bond

4.125%
1/31/2025
1,240,000

99.898
1,238,740.63
7,912.71
1,246,653.33

4.18%

1.75 1.85
-
Hold
CD
856285SK8
State Bank of India/New
York NY

2.000%
1/22/2025
245,000

94.481
231,477.47
872.60
232,350.07

5.20%

2.00%

1.75 1.82
(13,522.53)
Hold
CORP
89236TGT6
Toyota Motor Credit Corp

1.800%
2/13/2025
600,000

94.875
569,248.49
1,350.00
570,598.49

4.69%

3.56%

1.81 1.88
(11,989.45)
Hold
CD
538036HW7
Live Oak Banking Co

1.850%
2/14/2025
247,000

93.988
232,150.85
338.02
232,488.87

5.20%

1.85%

1.84 1.89
(14,849.15)
Hold
US GOV
9128283Z1
United States Treasury
Note/Bond

2.750%
2/28/2025
2,300,000

97.477
2,241,961.80
4,812.50
2,246,774.30

4.13%

3.95%

1.84 1.93
(7,780.15)
Hold
US GOV
91282CEH0
United States Treasury
Note/Bond

2.625%
4/15/2025
2,300,000

97.090
2,233,065.40
27,201.92
2,260,267.32

4.12%

3.96%

1.94 2.05
(7,549.13)
Hold
AGCY
3135G03U5
Federal National Mortgage
Association

0.625%
4/22/2025
2,000,000

92.960
1,859,206.46
5,416.67
1,864,623.13

4.22%

3.25%

2.01 2.07
(37,717.63)
Hold
US GOV
91282CEU1
United States Treasury
Note/Bond

2.875%
6/15/2025
1,850,000

97.563
1,804,906.25
15,050.31
1,819,956.56

4.03%

3.26%

2.10 2.22
(29,909.32)
Hold
US GOV
912828Y79
United States Treasury
Note/Bond

2.875%
7/31/2025
2,835,000

97.457
2,762,905.95
12,608.70
2,775,514.65

4.02%

3.93%

2.23 2.35
(6,250.18)
Hold
CORP
69371RR99
PACCAR Financial Corp

3.550%
8/11/2025
1,900,000

97.742
1,857,092.95
8,805.97
1,865,898.92

4.56%

3.58%

2.23 2.38
(41,841.15)
Buy
US GOV
91282CFP1
United States Treasury
Note/Bond

4.250%
10/15/2025
2,850,000
100.625
2,867,812.50
54,572.80
2,922,385.30

3.99%

2.35 2.55
-
Buy
US GOV
91282CFW6
United States Treasury
Note/Bond

4.500%
11/15/2025
2,850,000
101.305
2,887,183.59
47,119.48
2,934,303.07

3.97%

2.43 2.64
-
Buy
US GOV
91282CGE5
United States Treasury
Note/Bond

3.875%
1/15/2026
2,825,000

99.844
2,820,585.94
21,772.79
2,842,358.73

3.93%

2.61 2.81
-
Buy
US GOV
91282CGL9
United States Treasury
Note/Bond

4.000%
2/15/2026
2,825,000
100.219
2,831,179.69
12,798.34
2,843,978.03

3.92%

2.69 2.89
-
Buy
US GOV
91282CGR6
United States Treasury
Note/Bond

4.625%
3/15/2026
2,825,000
102.047
2,882,824.22
4,615.57
2,887,439.79

3.89%

2.75 2.97
-
Total
55,107,879
53,998,535.46
353,717.27
54,352,252.73

4.30%

3.18%

1.81 1.91
(814,208.06)

Page 19 of 79 ends

13.A

Page 229 of 359 ends

City of Hemet
1-3 Portfolio
Portfolio Post Rebalancing Trades
As of 3/28/2023
Portfolio Characteristics Post Trade
Par Value:
55,107,879

Market Value:
53,998,535.46

Duration:

1.81 Years to Maturity:

1.91 Market Yield:

4.30%
Book Yield:

3.18%
Portfolio Allocation Post Trade
Cash & Equivalents:

0.1%
U.S. Government Securities:

69.2%
U.S. Agency Securities:

14.8%
U.S. Corporate Securities:

12.9%
U.S. Certificates of Deposit:

3.1%
US GOV

69.2%
AGCY

14.8%
CORP

12.9%

CASH/MMF

0.1%
CD

3.1%
Post Trade

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

0.00 - 0.49

0.50 - 0.99

1.00 - 1.49

1.50 - 1.99

2.00 - 2.49

2.50 - 2.99
Yield
Market Value %
Duration & Yield Distribution
Portfolio Post Trade
Index Market Value
Portfolio Market Value Post Trade
Portfolio Market Yield Post Trade
Portfolio Book Yield Post Trade

Page 20 of 79 ends

13.A

Page 230 of 359 ends

City of Hemet
1-3 Portfolio
Rebalancing Analysis - Disclosures
As of 3/28/2023
The
information
contained
herein
has
been
obtained
from
sources
that
we
believe
to
be
reliable,
but
its
accuracy
and
completeness
are
not
guaranteed
.

The
materials
in
the
attached
are
opinions
of
Public
Trust
Advisors,
LLC
and
should
not
be
construed
as
investment
advice
.

Many
factors
affect
performance
including
changes
in
market
conditions
and
interest
rates
and
in
response
to
other
economic,
political,
or
financial
developments
.

Performance
comparisons
will
be
affected
by
changes
in
interest
rates
.

Investing
involves
risk
including
the
possible
loss
of
principal
.

The
presentation
is
not
a
recommendation
to
buy,
sell,
implement,
or
change
any
securities
or
investment
strategy,
function,
or
process
.

Any
financial
and/or
investment
decision
should
be
made
only
after
considerable
research,
consideration,
and
involvement
with
an
experienced
professional
engaged
for
the
specific
purpose
.

All
comments
and
discussion
presented
are
purely
based
on
opinion
and
assumptions,
not
fact
.

These
assumptions
may
or
may
not
be
correct
based
on
foreseen
and
unforeseen
events
.

All
calculations
and
results
presented
and
are
for
discussion
purposes
only
and
should
not
be
used
for
making
and
calculations
and/or
decisions
.

Past
performance
is
not
an
indication
of
future
performance
.

Any
financial
and/or
investment
decision
may
incur
losses
.

The
investment
advisor
providing
these
services
is
Public
Trust
Advisors,
LLC,
an
investment
adviser
registered
with
the
U
.

S
.

Securities
and
Exchange
Commission
(SEC)
under
the
Investment
Advisers
Act
of
1940
,
as
amended
.

Registration
with
the
SEC
does
not
imply
a
certain
level
of
skill
or
training
.

Public
Trust
is
required
to
maintain
a
written
disclosure
brochure
of
our
background
and
business
experience
.

If
you
would
like
to
receive
a
copy
of
our
current
disclosure
brochure,
privacy
policy,
or
code
of
ethics
please
contact
us
.

This
information
may
contain
statements,
estimates,
or
projections
that
constitute
“forward
-
looking
statements”
as
defined
under
U
.

S
.
federal
and
other
jurisdictions’
securities
laws
.

Any
such
forward
looking
statements
are
inherently
speculative
and
are
based
on
currently
available
information,
operating
plans,
and
projections
about
future
events
and
trends
.

As
such,
they
are
subject
to
numerous
risks
and
uncertainties
.

Public
Trust
Advisors
717
17 th
Street,
Suite
1850
Denver,
Colorado
80202

Page 21 of 79 ends

13.A

Page 231 of 359 ends

City of Hemet
1-5 Portfolio
Portfolio Pre Rebalancing Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Gains/Losses
Hold

CASH/MMF
MMF2DDA1
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
32,548
100.000
32,548.10
-
32,548.10

0.00%

0.00 0.00
-
Hold
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
680,000

96.930
659,121.96
920.44
660,042.40

4.62%

1.53%

0.82 0.85
(17,193.00)
Hold
US GOV
912828X70
United States Treasury
Note/Bond

2.000%
4/30/2024
1,215,000

97.297
1,182,157.34
9,934.81
1,192,092.14

4.57%

1.60%

1.05 1.09
(38,063.37)
Hold
US GOV
9128286Z8
United States Treasury
Note/Bond

1.750%
6/30/2024
1,215,000

96.731
1,175,275.58
5,110.05
1,180,385.62

4.45%

1.62%

1.22 1.26
(41,681.73)
Hold
US GOV
912828Y87
United States Treasury
Note/Bond

1.750%
7/31/2024
1,215,000

96.527
1,172,806.70
3,289.23
1,176,095.92

4.44%

1.63%

1.30 1.35
(44,157.48)
Hold
AGCY
3133ENG20
Federal Farm Credit Banks
Funding Corp

3.300%
8/15/2024
1,200,000

98.570
1,182,840.02
4,730.00
1,187,570.02

4.38%

3.28%

1.33 1.39
(17,508.16)
Hold
AGCY
3130A2UW4
Federal Home Loan Banks

2.875%
9/13/2024
1,200,000

98.075
1,176,895.63
1,437.50
1,178,333.13

4.25%

3.28%

1.41 1.47
(16,360.43)
Hold
US GOV
912828YM6
United States Treasury
Note/Bond

1.500%
10/31/2024
1,215,000

95.727
1,163,078.19
7,451.10
1,170,529.29

4.31%

1.67%

1.54 1.60
(48,652.24)
Hold
US GOV
9128283J7
United States Treasury
Note/Bond

2.125%
11/30/2024
1,215,000

96.582
1,173,471.30
8,369.81
1,181,841.11

4.26%

1.69%

1.61 1.68
(50,242.53)
Hold
US GOV
912828YV6
United States Treasury
Note/Bond

1.500%
11/30/2024
1,215,000

95.574
1,161,226.53
5,908.10
1,167,134.63

4.26%

1.69%

1.62 1.68
(50,006.10)
Hold
AGCY
3130AQF40
Federal Home Loan Banks

1.000%
12/20/2024
400,000

94.484
377,935.12
1,088.89
379,024.01

4.35%

3.30%

1.68 1.73
(6,890.96)
Hold
CORP
89236TGT6
Toyota Motor Credit Corp

1.800%
2/13/2025
900,000

94.875
853,872.74
2,025.00
855,897.74

4.69%

3.56%

1.81 1.88
(17,984.18)
Hold
AGCY
3135G03U5
Federal National Mortgage
Association

0.625%
4/22/2025
1,300,000

92.960
1,208,484.20
3,520.83
1,212,005.03

4.22%

3.25%

2.01 2.07
(24,516.46)
Hold
CD
59013KHV1
Merrick Bank Corp/South
Jordan UT

0.800%
5/29/2025
249,000

90.969
226,513.56
152.81
226,666.37

5.21%

0.80%

2.14 2.17
(22,486.44)
Hold
US GOV
912828Y79
United States Treasury
Note/Bond

2.875%
7/31/2025
475,000

97.457
462,920.75
2,112.57
465,033.32

4.02%

3.93%

2.23 2.35
(1,047.21)
Hold
CORP
69371RR99
PACCAR Financial Corp

3.550%
8/11/2025
1,200,000

97.742
1,172,900.81
5,561.67
1,178,462.47

4.56%

3.58%

2.23 2.38
(26,425.99)
Hold
CD
05580AXF6
BMW Bank of North
America

0.500%
9/25/2025
250,000

89.087
222,717.25

10.27 222,727.52

5.21%

0.50%

2.42 2.50
(27,282.75)
Hold
AGCY
3134GWWT9
Federal Home Loan
Mortgage Corp

0.550%
9/30/2025
1,000,000

91.191
911,912.96
2,719.44
914,632.40

4.30%

0.55%

2.43 2.51
(88,087.04)
Hold
CORP
14913R2H9
Caterpillar Financial Services
Corp

0.800%
11/13/2025
1,000,000

90.954
909,543.86
3,000.00
912,543.86

4.49%

0.71%

2.54 2.63
(92,772.82)
Hold
US GOV
9128286A3
United States Treasury
Note/Bond

2.625%
1/31/2026
750,000

96.551
724,131.00
3,045.58
727,176.58

3.92%

3.91%

2.69 2.85
(436.69)
Hold
AGCY
3133EMSK9
Federal Farm Credit Banks
Funding Corp

0.840%
3/2/2026
1,000,000

90.486
904,859.53
606.67
905,466.20

4.33%

0.84%

2.82 2.93
(95,140.47)
Hold
AGCY
3133EMSU7
Federal Farm Credit Banks
Funding Corp

0.800%
3/9/2026
1,000,000

90.332
903,324.85
422.22
903,747.07

4.33%

0.80%

2.84 2.95
(96,675.15)
Hold
MUNI
57419RD28
Maryland Community
Development
Administration

2.863%
9/1/2026
1,000,000

93.987
939,870.00
2,147.25
942,017.25

4.79%

2.64%

3.18 3.43
(65,358.60)
Hold
US GOV
912828Y95
United States Treasury
Note/Bond

1.875%
7/31/2026
1,255,000

93.863
1,177,984.42
3,640.19
1,181,624.61

3.85%

1.85%

3.18 3.35
(78,198.45)
Hold
CORP
037833DN7
Apple Inc

2.050%
9/11/2026
700,000

92.915
650,403.74
677.64
651,081.38

4.28%

3.26%

3.26 3.46
(22,329.95)
Hold
US GOV
912828YG9
United States Treasury
Note/Bond

1.625%
9/30/2026
1,255,000

92.832
1,165,041.60
10,028.79
1,175,070.39

3.83%

1.84%

3.33 3.51
(80,981.77)
Hold
US GOV
91282CEF4
United States Treasury
Note/Bond

2.500%
3/31/2027
1,850,000

95.231
1,761,764.25
22,743.82
1,784,508.07

3.79%

3.71 4.01
(878.55)
Hold
US GOV
91282CEN7
United States Treasury
Note/Bond

2.750%
4/30/2027
1,675,000

96.094
1,609,571.15
18,832.18
1,628,403.33

3.79%

3.05%

3.78 4.09
(46,656.15)
Hold
AGCY
3133ENG87
Federal Farm Credit Banks
Funding Corp

2.920%
8/17/2027
600,000

95.771
574,624.73
1,995.33
576,620.06

3.98%

3.12%

4.05 4.39
(20,442.80)
Hold
US GOV
9128282R0
United States Treasury
Note/Bond

2.250%
8/15/2027
575,000

93.973
540,343.03
1,465.30
541,808.32

3.75%

3.76%

4.11 4.39
(105.55)
Sub Total
28,836,548
27,378,140.88
132,947.51
27,511,088.39

4.25%

2.33%

2.35 2.49
(1,138,563.01)
Sell/Rebalance

CASH/MMF
MMF2DDA1
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
1,006,454
100.000
1,006,453.65
-
1,006,453.65

0.00%

0.00 0.00
-
Sell/Rebalance
US GOV
912828S92
United States Treasury
Note/Bond

1.250%
7/31/2023
1,180,000

98.801
1,165,849.44
2,281.77
1,168,131.21

4.77%

1.36%

0.34 0.34
(13,712.58)
Sell/Rebalance
US GOV
912828T26
United States Treasury
Note/Bond

1.375%
9/30/2023
1,180,000

98.332
1,160,317.60
7,978.78
1,168,296.38

4.73%

1.44%

0.49 0.51
(19,272.85)
Sell/Rebalance
US GOV
912828T91
United States Treasury
Note/Bond

1.625%
10/31/2023
1,180,000

98.207
1,158,842.60
7,839.50
1,166,682.10

4.73%

1.49%

0.57 0.59
(22,114.11)
Sell/Rebalance
US GOV
91282CDR9
United States Treasury
Note/Bond

0.750%
12/31/2023
1,180,000

97.102
1,145,798.88
2,126.93
1,147,925.81

4.68%

1.52%

0.74 0.76
(27,410.45)
Sell/Rebalance
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
500,000

96.930
484,648.50
676.80
485,325.30

4.62%

1.53%

0.82 0.85
(12,641.91)
Sub Total
6,226,454
6,121,910.67
20,903.78
6,142,814.44

3.94%

1.22%

0.47 0.49
(95,151.91)
Grand Total
35,063,002
33,500,051.55
153,851.29
33,653,902.84

4.19%

2.13%

2.01 2.12
(1,233,714.92)

Page 22 of 79 ends

13.A

Page 232 of 359 ends

City of Hemet
1-5 Portfolio
Portfolio Pre Rebalancing Trades
As of 3/28/2023
Portfolio Allocation Pre Trade
Cash & Equivalents:

3.1%
U.S. Government Securities:

60.4%
U.S. Agency Securities:

21.6%
U.S. Municipal Securities:

2.8%
U.S. Corporate Securities:

10.7%
U.S. Certificates of Deposit:

1.3%
US GOV

60.4%
AGCY

21.6%
CORP

10.7%

CASH/MMF

3.1%
MUNI

2.8%
CD

1.3%
Pretrade

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

0.00 - 0.49

0.50 - 0.99

1.00 - 1.49

1.50 - 1.99

2.00 - 2.49

2.50 - 2.99

3.00 - 3.49

3.50 - 3.99

4.00 - 4.49

4.50 - 4.99
Yield
Market Value %
Duration & Yield Distribution
Portfolio Pre Trade
Index Market Value
Portfolio Market Value Pre Trade
Portfolio Market Yield Pre Trade
Portfolio Book Yield Pre Trade
Portfolio Characteristics Pre Trade
Par Value:
35,063,002

Market Value:
33,500,051.55

Duration:

2.01 Years to Maturity:

2.12 Market Yield:

4.19%
Book Yield:

2.13%

Page 23 of 79 ends

13.A

Page 233 of 359 ends

City of Hemet
1-5 Portfolio
Proposed Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Realized
Gains/Losses
Sell/Rebalance
US GOV
912828S92
United States Treasury
Note/Bond

1.250%
7/31/2023
1,180,000

98.801
1,165,849.44
2,281.77
1,168,131.21

4.77%

1.36%

0.34 0.34
(13,712.58)
Sell/Rebalance
US GOV
912828T26
United States Treasury
Note/Bond

1.375%
9/30/2023
1,180,000

98.332
1,160,317.60
7,978.78
1,168,296.38

4.73%

1.44%

0.49 0.51
(19,272.85)
Sell/Rebalance
US GOV
912828T91
United States Treasury
Note/Bond

1.625%
10/31/2023
1,180,000

98.207
1,158,842.60
7,839.50
1,166,682.10

4.73%

1.49%

0.57 0.59
(22,114.11)
Sell/Rebalance
US GOV
91282CDR9
United States Treasury
Note/Bond

0.750%
12/31/2023
1,180,000

97.102
1,145,798.88
2,126.93
1,147,925.81

4.68%

1.52%

0.74 0.76
(27,410.45)
Sell/Rebalance
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
500,000

96.930
484,648.50
676.80
485,325.30

4.62%

1.53%

0.82 0.85
(12,641.91)
Total
5,220,000
5,115,457.02
20,903.78
5,136,360.80

4.72%

1.46%

0.56 0.58
(95,151.91)
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Realized
Gains/Losses
Buy
US GOV
91282CGU9
United States Treasury
Note/Bond

3.875%
3/31/2025
510,000

99.613
508,027.73
-
508,027.73

4.08%

1.88 2.01
-
Buy
US GOV
91282CFE6
United States Treasury
Note/Bond

3.125%
8/15/2025
1,400,000

98.016
1,372,218.75
4,955.11
1,377,173.86

4.01%

2.26 2.39
-
Buy
US GOV
9128286F2
United States Treasury
Note/Bond

2.500%
2/28/2026
550,000

96.180
528,988.28
1,046.20
530,034.48

3.90%

2.78 2.93
-
Buy
US GOV
91282CGC9
United States Treasury
Note/Bond

3.875%
12/31/2027
1,350,000
100.719
1,359,703.13
12,572.34
1,372,275.47

3.71%

4.28 4.76
-
Buy
US GOV
91282CGH8
United States Treasury
Note/Bond

3.500%
1/31/2028
1,350,000

99.117
1,338,082.03
7,309.39
1,345,391.42

3.70%

4.39 4.85
-
Buy
US GOV
91282CBJ9
United States Treasury
Note/Bond

0.750%
1/31/2028
1,160,000

86.945
1,008,565.63
1,345.86
1,009,911.48

3.72%

4.67 4.85
-
Total
6,320,000
6,115,585.55
27,228.90
6,142,814.44

3.82%

3.59 3.88
-

Page 24 of 79 ends

13.A

Page 234 of 359 ends

City of Hemet
1-5 Portfolio
Portfolio Post Rebalancing Trades
As of 3/28/2023
Status
Security Type
CUSIP
Issuer
Coupon
Maturity
Par Value
Market
Price
Market Value
Accrued
Total Value
Market
Yield
Book
Yield
Duration
Yrs to
Maturity
Unrealized
Gains/Losses
Hold

CASH/MMF
MMF2DDA1
BNY Mellon Cash Reserve
USD

0.000%
3/29/2023
32,548
100.000
32,548.10
-
32,548.10

0.00%

0.00 0.00
-
Hold
US GOV
91282CDV0
United States Treasury
Note/Bond

0.875%
1/31/2024
680,000

96.930
659,121.96
920.44
660,042.40

4.62%

1.53%

0.82 0.85
(17,193.00)
Hold
US GOV
912828X70
United States Treasury
Note/Bond

2.000%
4/30/2024
1,215,000

97.297
1,182,157.34
9,934.81
1,192,092.14

4.57%

1.60%

1.05 1.09
(38,063.37)
Hold
US GOV
9128286Z8
United States Treasury
Note/Bond

1.750%
6/30/2024
1,215,000

96.731
1,175,275.58
5,110.05
1,180,385.62

4.45%

1.62%

1.22 1.26
(41,681.73)
Hold
US GOV
912828Y87
United States Treasury
Note/Bond

1.750%
7/31/2024
1,215,000

96.527
1,172,806.70
3,289.23
1,176,095.92

4.44%

1.63%

1.30 1.35
(44,157.48)
Hold
AGCY
3133ENG20
Federal Farm Credit Banks
Funding Corp

3.300%
8/15/2024
1,200,000

98.570
1,182,840.02
4,730.00
1,187,570.02

4.38%

3.28%

1.33 1.39
(17,508.16)
Hold
AGCY
3130A2UW4
Federal Home Loan Banks

2.875%
9/13/2024
1,200,000

98.075
1,176,895.63
1,437.50
1,178,333.13

4.25%

3.28%

1.41 1.47
(16,360.43)
Hold
US GOV
912828YM6
United States Treasury
Note/Bond

1.500%
10/31/2024
1,215,000

95.727
1,163,078.19
7,451.10
1,170,529.29

4.31%

1.67%

1.54 1.60
(48,652.24)
Hold
US GOV
9128283J7
United States Treasury
Note/Bond

2.125%
11/30/2024
1,215,000

96.582
1,173,471.30
8,369.81
1,181,841.11

4.26%

1.69%

1.61 1.68
(50,242.53)
Hold
US GOV
912828YV6
United States Treasury
Note/Bond

1.500%
11/30/2024
1,215,000

95.574
1,161,226.53
5,908.10
1,167,134.63

4.26%

1.69%

1.62 1.68
(50,006.10)
Hold
AGCY
3130AQF40
Federal Home Loan Banks

1.000%
12/20/2024
400,000

94.484
377,935.12
1,088.89
379,024.01

4.35%

3.30%

1.68 1.73
(6,890.96)
Hold
CORP
89236TGT6
Toyota Motor Credit Corp

1.800%
2/13/2025
900,000

94.875
853,872.74
2,025.00
855,897.74

4.69%

3.56%

1.81 1.88
(17,984.18)
Buy
US GOV
91282CGU9
United States Treasury
Note/Bond

3.875%
3/31/2025
510,000

99.613
508,027.73
-
508,027.73

4.08%

1.88 2.01
-
Hold
AGCY
3135G03U5
Federal National Mortgage
Association

0.625%
4/22/2025
1,300,000

92.960
1,208,484.20
3,520.83
1,212,005.03

4.22%

3.25%

2.01 2.07
(24,516.46)
Hold
CD
59013KHV1
Merrick Bank Corp/South
Jordan UT

0.800%
5/29/2025
249,000

90.969
226,513.56
152.81
226,666.37

5.21%

0.80%

2.14 2.17
(22,486.44)
Hold
US GOV
912828Y79
United States Treasury
Note/Bond

2.875%
7/31/2025
475,000

97.457
462,920.75
2,112.57
465,033.32

4.02%

3.93%

2.23 2.35
(1,047.21)
Hold
CORP
69371RR99
PACCAR Financial Corp

3.550%
8/11/2025
1,200,000

97.742
1,172,900.81
5,561.67
1,178,462.47

4.56%

3.58%

2.23 2.38
(26,425.99)
Buy
US GOV
91282CFE6
United States Treasury
Note/Bond

3.125%
8/15/2025
1,400,000

98.016
1,372,218.75
4,955.11
1,377,173.86

4.01%

2.26 2.39
-
Hold
CD
05580AXF6
BMW Bank of North
America

0.500%
9/25/2025
250,000

89.087
222,717.25

10.27 222,727.52

5.21%

0.50%

2.42 2.50
(27,282.75)
Hold
AGCY
3134GWWT9
Federal Home Loan
Mortgage Corp

0.550%
9/30/2025
1,000,000

91.191
911,912.96
2,719.44
914,632.40

4.30%

0.55%

2.43 2.51
(88,087.04)
Hold
CORP
14913R2H9
Caterpillar Financial Services
Corp

0.800%
11/13/2025
1,000,000

90.954
909,543.86
3,000.00
912,543.86

4.49%

0.71%

2.54 2.63
(92,772.82)
Hold
US GOV
9128286A3
United States Treasury
Note/Bond

2.625%
1/31/2026
750,000

96.551
724,131.00
3,045.58
727,176.58

3.92%

3.91%

2.69 2.85
(436.69)
Buy
US GOV
9128286F2
United States Treasury
Note/Bond

2.500%
2/28/2026
550,000

96.180
528,988.28
1,046.20
530,034.48

3.90%

2.78 2.93
-
Hold
AGCY
3133EMSK9
Federal Farm Credit Banks
Funding Corp

0.840%
3/2/2026
1,000,000

90.486
904,859.53
606.67
905,466.20

4.33%

0.84%

2.82 2.93
(95,140.47)
Hold
AGCY
3133EMSU7
Federal Farm Credit Banks
Funding Corp

0.800%
3/9/2026
1,000,000

90.332
903,324.85
422.22
903,747.07

4.33%

0.80%

2.84 2.95
(96,675.15)
Hold
MUNI
57419RD28
Maryland Community
Development
Administration

2.863%
9/1/2026
1,000,000

93.987
939,870.00
2,147.25
942,017.25

4.79%

2.64%

3.18 3.43
(65,358.60)
Hold
US GOV
912828Y95
United States Treasury
Note/Bond

1.875%
7/31/2026
1,255,000

93.863
1,177,984.42
3,640.19
1,181,624.61

3.85%

1.85%

3.18 3.35
(78,198.45)
Hold
CORP
037833DN7
Apple Inc

2.050%
9/11/2026
700,000

92.915
650,403.74
677.64
651,081.38

4.28%

3.26%

3.26 3.46
(22,329.95)
Hold
US GOV
912828YG9
United States Treasury
Note/Bond

1.625%
9/30/2026
1,255,000

92.832
1,165,041.60
10,028.79
1,175,070.39

3.83%

1.84%

3.33 3.51
(80,981.77)
Hold
US GOV
91282CEF4
United States Treasury
Note/Bond

2.500%
3/31/2027
1,850,000

95.231
1,761,764.25
22,743.82
1,784,508.07

3.79%

3.71 4.01
(878.55)
Hold
US GOV
91282CEN7
United States Treasury
Note/Bond

2.750%
4/30/2027
1,675,000

96.094
1,609,571.15
18,832.18
1,628,403.33

3.79%

3.05%

3.78 4.09
(46,656.15)
Hold
AGCY
3133ENG87
Federal Farm Credit Banks
Funding Corp

2.920%
8/17/2027
600,000

95.771
574,624.73
1,995.33
576,620.06

3.98%

3.12%

4.05 4.39
(20,442.80)
Hold
US GOV
9128282R0
United States Treasury
Note/Bond

2.250%
8/15/2027
575,000

93.973
540,343.03
1,465.30
541,808.32

3.75%

3.76%

4.11 4.39
(105.55)
Buy
US GOV
91282CGC9
United States Treasury
Note/Bond

3.875%
12/31/2027
1,350,000
100.719
1,359,703.13
12,572.34
1,372,275.47

3.71%

4.28 4.76
-
Buy
US GOV
91282CGH8
United States Treasury
Note/Bond

3.500%
1/31/2028
1,350,000

99.117
1,338,082.03
7,309.39
1,345,391.42

3.70%

4.39 4.85
-
Buy
US GOV
91282CBJ9
United States Treasury
Note/Bond

0.750%
1/31/2028
1,160,000

86.945
1,008,565.63
1,345.86
1,009,911.48

3.72%

4.67 4.85
-
Total
35,156,548
33,493,726.43
160,176.41
33,653,902.84

4.17%

2.60%

2.57 2.73
(1,138,563.01)

Page 25 of 79 ends

13.A

Page 235 of 359 ends

City of Hemet
1-5 Portfolio
Portfolio Post Rebalancing Trades
As of 3/28/2023
Portfolio Allocation Post Trade
Cash & Equivalents:

0.1%
U.S. Government Securities:

63.4%
U.S. Agency Securities:

21.6%
U.S. Municipal Securities:

2.8%
U.S. Corporate Securities:

10.7%
U.S. Certificates of Deposit:

1.3%
US GOV

63.4%
AGCY

21.6%
CORP

10.7%

CASH/MMF

0.1%
MUNI

2.8%
CD

1.3%
Post Trade

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

0.00 - 0.49

0.50 - 0.99

1.00 - 1.49

1.50 - 1.99

2.00 - 2.49

2.50 - 2.99

3.00 - 3.49

3.50 - 3.99

4.00 - 4.49

4.50 - 4.99
Yield
Market Value %
Duration & Yield Distribution
Portfolio Post Trade
Index Market Value
Portfolio Market Value Post Trade
Portfolio Market Yield Post Trade
Portfolio Book Yield Post Trade
Portfolio Characteristics Post Trade
Par Value:
35,156,548

Market Value:
33,493,726.43

Duration:

2.57 Years to Maturity:

2.73 Market Yield:

4.17%
Book Yield:

2.60%

Page 26 of 79 ends

13.A

Page 236 of 359 ends

City of Hemet
1-5 Portfolio
Rebalancing Analysis - Disclosures
As of 3/28/2023
The
information
contained
herein
has
been
obtained
from
sources
that
we
believe
to
be
reliable,
but
its
accuracy
and
completeness
are
not
guaranteed
.