Agenda — Hidden Hills City Council, February 10, 2025 (part 1 of 3)

1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE
The Hidden Hills City Council and City staff will be participating in this Adjourned Regular meeting in-person in the Council Chambers and via remote video conferencing (Zoom). If you are an individual with a disability and need a reasonable modification or accommodation pursuant to the Americans with Disabilities Act (“ADA”) please contact Deana Gonzalez at least 48 hours before the scheduled meeting, at (818) 888-9281 or [email protected]. If you are hearing impaired and would like to watch the meeting on Zoom, once in the meeting room, select the button “live transcript” and then select “show subtitles.” Virtual Webinar Via ZOOM Platform: https://us06web.zoom.us/j/83816413253 To Join by Phone: 669.900.6833 or 408.638.0968 and Enter Webinar ID: 838 1641 3253 Written public comments will be accepted by hard copy or email to [email protected] prior to the meeting and you must identify the agenda item number, if applicable. Such written comments must be received by the City Clerk no later than 3:00 p.m. on the day of the meeting in order to give Council Members an opportunity to review the correspondence. Written comments by email and hard copy correspondence will be received and filed.

PLEASE NOTE THAT THE CITY COUNCIL MAY ACT ON ANY ITEM LISTED ON THE AGENDA

2. Council:

Mayor Larry G. Weber
Mayor Pro Tem Joe Loggia
Council Member Eniko Gold
Council Member Laura McCorkindale
Council Member Adam Wasserman

ROLL CALL

CITY OF HIDDEN HILLS

REGULAR CITY COUNCIL MEETING
(IN-PERSON AND VIDEO CONFERENCE)
6165 Spring Valley Road, Hidden Hills, CA 91302

TELECONFERENCE LOCATION
Monday, February 10, 2025
5:30 PM
AGENDA
Staff:

Interim City Manager Gloria Molleda
Interim City Attorney Michael Jenkins
Interim Assistant City Attorney Lauren Langer
City Clerk Deana L. Gonzalez
City Engineer Dirk Lovett
Administrative Analyst Aaron Williams

3. CITY COUNCIL COMMENTS

4. STAFF COMMENTS

5. PRESENTATIONS

5.A Presentation to Interim City Attorney Michael Jenkins

5.B Michael Grant, Public Safety and Emergency Services Manager

5.C Los Angeles County Sheriff’s Department Reports – November and December By: Deputy Rick Baldi, Lost Hills Station
5C - 2-10-25.pdf

6. CONSENT CALENDAR

6.A Approval of City Council Minutes for November 12, 2024, November 18, 2024, December 9, 2024, December 11, 2024 and January 15, 2025
6A - 2-10-25.pdf

6.B Approval of the Register of Demands for January 13, 2025 and February 10, 2025 6B - 2-10-25.pdf

6.C Approval of the Disbursement Lists for November and December 2024 6C - 2-10-25.pdf

6.D Receive and File the Financial/Treasurer’s Reports for November and December 2024 6D - 2-10-25.pdf

6.E Receive and File the Investment Statements for November and December 2024 6E - 2-10-25.pdf

6.F Receive and File the City Engineering and Community Development Report 6F - 2-10-25.pdf

6.G Receive and File the Annual Audit Reports for Proposition A, Proposition C, Measure R and Measure M Local Funds, and Transportation Development Act Article 3 Fund of the Metropolitan Transportation Authority for Fiscal Year 2023-2024 6G - 2-10-25.pdf

6.H Receive and Review the Hidden Hills Community Association Board of Directors Meeting Minutes for November 19, 2024
6H - 2-10-25.pdf

6.I Update and Correction Regarding the Gann Appropriations Limit and Rescission of Council Direction Given on June 10, 2024 to Conduct a Gann Override Election 6I - 2-10-25.pdf

6.J Approval of Emergency Operations Plan Consultant Proposal with KJ Consultant 6J - 2-10-25.pdf

7. PUBLIC COMMENT
Members of the audience are invited to address the City Council at this time on items that are not on the printed agenda. Public comments are limited to three minutes per speaker. This time allotment may be reduced due to time constraints at the discretion of the City Council. Per California Government Code Section 54954.2, the City Council is prohibited from discussing or taking immediate action on any item not on the agenda unless it can be demonstrated that the item is of an emergency nature, or the need to take action arose subsequent to the posting of the agenda.

8. PUBLIC HEARING

8.A Introduction and First Reading of an Ordinance No. 393 Restricting Enumerated Activities when Red Flag Warnings are Issued (Continued from December 9, 2024)

AN ORDINANCE OF THE CITY OF HIDDEN HILLS, CALIFORNIA, ADDING A NEW SECTION 4-3-6 TO TITLE 4, CHAPTER 3 OF THE HIDDEN HILLS

MUNICIPAL CODE RESTRICTING ENUMERATED ACTIVITIES WHEN RED FLAG

WARNINGS ARE ISSUED AND FINDING THE ACTION EXEMPT FROM CEQA 8A - 2-10-25.pdf

8.B Amending Article P of The City of Hidden Hills Municipal Code CONSIDERATION OF URGENCY ORDINANCE NO. 394 AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE AND

DEVELOPMENT) OF THE CITY OF HIDDDEN HILLS MUNICIPAL CODE

REGARDING ACCESSORY DWELLING UNITS AND JUNIOR ACCESSORY

DWELLING UNITS TO COMPLY WITH RECENT CHANGES IN STATE LAW, AND

FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC RESOURCES CODE
AN ORDINANCE NO. 395 AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE AND DEVELOPMENT) OF THE CITY

OF HIDDDEN HILLS MUNICIPAL CODE REGARDING ACCESSORY DWELLING

UNITS AND JUNIOR ACCESSORY DWELLING UNITS TO COMPLY WITH

RECENT CHANGES IN STATE LAW, AND FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE

PUBLIC RESOURCES CODE
8B - 2-10-25.pdf

9. OLD BUSINESS

9.A Update and Next Steps Presentation on “Future Library Concepts” by Dr. Jonathan Reichental and Recommendation to Approve New Agreement to Assist with Development Services
9 - final - 2-10-25.pdf

10. NEW BUSINESS

10.A Adoption of Resolution No. 1037, Appointing Lauren Langer as the City Attorney and Approving an Agreement with Best Best and Krieger
10A - 2-10-25.pdf

11. ADJOURNMENT
Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet are available for public inspection at City Hall located at 6165 Spring Valley Road, Hidden Hills, and on the City’s website at www.hiddenhillscity.org.

This agenda was posted on (DATE)
___________________________________
Deana L. Gonzalez, CMC, City Clerk
Larry G. Weber, Mayor
Joe Loggia, Mayor Pro Tem
Eniko Gold, Council Member
Laura McCorkindale, Council Member
Adam Wasserman, Council Member
TO: Honorable Mayor and City Council
FROM: Gloria Molleda., Interim City Manager
BY: Deana L. Gonzalez, CMC, City Clerk
DATE: February 10, 2025
SUBJECT: RECEIVE AND FILE THE LOS ANGELES COUNTY SHERIFF'S DEPARTMENT REPORTS – NOVEMBER 2024 AND DECEMBER 2024

BACKGROUND
The City of Hidden Hills contracts with the Los Angeles County Sheriff's Department for law enforcement services, including general law, traffic, parking enforcement, and administration. The Malibu / Lost Hills Sheriff's Station has provided law enforcement services to the City of Hidden Hills since 1984. Within the Lost Hills Station, the Sheriff's Department has specialized units to address specific issues in the communities it serves, including the Juvenile Intervention Team, Malibu Search and Rescue, and Volunteers on Patrol (VOP) (which assists deputies with parking enforcement, traffic control, and disaster response). They also assist residents with vacation checks and home assessments to help prevent break-ins.

DISCUSSION
The City receives monthly activity reports from the Malibu/Lost Hills Sheriff's Station, summarizing crime and arrest statistics, traffic incidents and citations, a Juvenile Intervention Unit (JIT), and noteworthy incidents. The crime and traffic reports include monthly summaries, as well as trend comparisons to the same month in the previous year and comparative year-to-date statistics.

FISCAL IMPACT
There is no fiscal impact to receiving and filing this report.

RECOMMENDATION
It is recommended that the City Council receive and file the attached Los Angeles County Sheriff's Department Report November, 2024 and December, 2024. If the City Council concurs, an appropriate motion would be:

ATTACHMENTS:

1. Los Angeles County Sheriff's Department Report for November 2024.

2. Los Angeles County Sheriff's Department Report for December 2024.

I. CRIME STATISTICS* HIDDEN HILLS / DECEMBER 2024
Part I Crimes
2019 2023 2024
5 YR
% CHANGE
2024/2019
1 YR
% CHANGE
DEC 2024/2023
TOTAL

REPORTED

INCIDENTS
2019
DEC
TOTAL

REPORTED

INCIDENTS
2023
DEC
TOTAL

REPORTED

INCIDENTS
2024
Homicide 0 0 0 0 0 0 NC NC
Rape 0 1 0 0 0 0 -100% NC
Agg. Assault 0 0 0 1 0 2 NC 100.0%
Domestic 0 0 0 0 0 1 NC NC
Robbery Total 0 0 0 0 0 0 NC NC
Weapon 0 0 0 0 0 0 NC NC
Strong-Arm 0 0 0 0 0 0 NC NC
Burglary Total 0 10 0 1 1 4 -60% 300.0%
Residential 0 10 0 1 1 4 -60% 300.0%
Business 0 0 0 0 0 0 NC NC
Larceny Theft 0 7 0 2 0 3 -57% 50.0%
Grand Theft (950+) 0 4 0 2 0 2 -50% 0.0%
Vehicle Burglary 0 0 0 0 0 0 NC NC
Unlocked Vehicle 0 2 0 0 0 0 -100% NC
From Locker 0 0 0 0 0 0 NC NC
From Boat 0 0 0 0 0 0 NC NC
From Aircraft 0 0 0 0 0 0 NC NC
Petty Theft 0 1 0 0 0 1 0% NC
Grand Theft Auto 0 1 0 0 0 1 0% NC
Arson 0 0 0 0 0 0 NC NC
Total Part I Crimes 0 19 0 4 1 10 -47% 150.0%
Domestic Violence
Misdemeanor 0 1 0 1 0 3 200% 200.0%
Trespassing 3 60 2 20 1 17 -72% -15.0%

running stop signs
cell phone violation
turning sign violation
cell phone violation
expired registration tags

Larry G. Weber, Mayor
Joe Loggia, Mayor Pro Tem
Eniko Gold, Council Member
Laura McCorkindale, Council Member
Adam Wasserman, Council Member
TO: Honorable Mayor and City Council
FROM: Gloria Molleda, Interim City Manager
BY: Deana L. Gonzalez, CMC, City Clerk

DATE: February 10, 2025
SUBJECT: APPROVAL OF CITY COUNCIL MINUTES FOR NOVEMBER 12, 2024, NOVEMBER 18, 2024, DECEMBER 9, 2024, DECEMBER 11, 2024, AND JANUARY 15, 2025

BACKGROUND
According to State of California Government Code Section 54953(c)(2), the legislative body of a local agency shall publicly report any action taken and the vote or abstention on that action of each member present for the action. To report such actions, State of California Government Code Section 40801 states that the City Clerk shall keep an accurate record of the proceeding of the legislative body and the board of equalization in books bearing appropriate titles and devoted exclusively to such purposes, respectively.

The books shall have a comprehensive general index.

DISCUSSION
To comply with the Government Code Sections stated above, the City Clerk prepares minutes of all City Council meetings to any and all action taken for the permanent records of the City.

FISCAL IMPACT
There is no fiscal impact to approving these minutes.

RECOMMENDATION
It is recommended that the City Council review and approve the attached City Council Minutes dated November 12, 2024, November 18, 2024, December 9, 2024, December 11, 2024 and January 15, 2025.

ATTACHMENTS

1. City Council Minutes – November 12, 2024

2. City Council Minutes - November 18, 2024

3. City Council Minutes - December 9, 2024

4. City Council Minutes - December 11, 2024

5. City Council Minutes - January 15, 2025

CITY OF HIDDEN HILLS

ADJOURNED REGULAR CITY COUNCIL MEETING
(IN-PERSON AND VIDEO CONFERENCE)
6165 Spring Valley Road
Tuesday, November 12, 2024
5:30 p.m.

MINUTES

1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE
A regular meeting of the City Council of the City of Hidden Hills was duly held via teleconference and in person on Tuesday, November 12, 2024, at the hour of 5:30 p.m. Mayor Eniko Gold called the meeting to order and presided thereover.

2. ROLL CALL
Council Mayor Eniko Gold
Mayor Pro Tem Larry G. Weber
Council Member Joe Loggia
Council Member Laura McCorkindale
Council Member Adam Wasserman
Staff Interim City Manager Gloria Molleda (absent)
Interim City Attorney Michael Jenkins
City Engineer Dirk Lovett
Administrative Analyst Aaron Williams
City Clerk Deana L. Gonzalez

3. CITY COUNCIL COMMENTS
Mayor Pro Tem Weber presented a report on the League of California Cities conference he attended.

Mayor Gold requested that the City Council remove the closed session from the agenda. The Council agreed to remove the closed session.

Council Member McCorkindale reported that the City utilized the auto robocall system during the wind event to much success and encouraged the City to continue to use it. She also requested that staff work to get the City on the Fire Risk Reduction community list for next year. She'd also like staff to draft an ordinance prohibiting potential sparking equipment during red flag warning days.

Mayor Gold thanked all the veterans in honor of Veterans Day. She also read and responded to an email that came from a resident who Is on the HHCA Community Center Rebuild Committee regarding the library City Council Minutes
Regular Meeting
November 12, 2024

Page 2 ends

discussions and the response from Interim City Manager Molleda. Interim City attorney Jenkins also responded to the email. Mayor Gold also notified the community that City Hall will be closed for the Thanksgiving holiday.

4. STAFF COMMENTS

There were no comments

5. PRESENTATIONS

A. Michael Grant, Public Safety and Emergency Services Manager

There was no report presented.

B. Los Angeles County Sheriff’s Department Report - September

Deputy Baldi reported that there were no Part One crimes in September, with only two trespassing calls. He then gave an update on Halloween and the Mountain Fire
C. Los Angeles County Fire Department Report - September Fire Chief Smith provided the following information:
over the past four months, Hidden Hills has remained one of the lowest-incident areas in the fire department’s response district, averaging 12 calls per month, primarily for EMS and good intent calls.

With wildfire season approaching, a new Particularly Dangerous Situation (PDS) Red Flag Warning has been introduced to identify the most extreme fire conditions. Recent regional fires, including the Mountain Incident Fire in Ventura County, highlight the ongoing risks. Hidden Hills is considering restrictions on Red Flag Days—such as banning barbecues, smoking, and spark-producing machinery—to reduce accidental fire starts, a move already adopted in other high-risk areas. The city is also applying for Firewise USA® certification, which would improve wildfire preparedness, offer potential insurance discounts, and increase access to fire prevention grants. To mitigate wildfire risk, residents are encouraged to harden homes by clearing debris, maintaining defensible space, and using ember-resistant materials, as embers can travel up to three miles ahead of a fire. The fire department has been issuing safety advisories, including a recent recommendation for Topanga Elementary parents to keep children home on extreme fire risk days.

The City Council suggested having a fire representative present at the upcoming HOA meeting (Tuesday, 6:30 PM) to educate residents on fire safety initiatives.

City Council Minutes
Regular Meeting
November 12, 2024

Page 3 ends

6. CONSENT CALENDAR
A. Approval of the City Council Minutes for October 15, 2024 B. Approval of the Register of Demands for November 12, 2024 C. Approval of the Disbursement List for September 2024 D. Receive and File the Financial/Treasurer’s Report for September 2024 E. Receive and File the Investment Statement for September 2024 F. Approval For Filing of the Notice of Completion and Other Related Actions for the Long Valley Parking Lot Improvement Project (Phase 1)
G. Hidden Hills Community Association Board of Directors Meeting Minutes for September 19, 2024
H. Receive and File the City Engineering and Community Development Report I. Receive and File the Las Virgenes Malibu Council of Governments (LVMCOG) Report for October 15, 2024
Upon MOTION by Council Member McCorkindale, seconded by Council Member Wasserman, and carried unanimously on roll call vote, City Council approved items A-I on the Consent Calendar.

7. PUBLIC COMMENT

There were no comments.

8. PUBLIC HEARING

PUBLIC HEARING – AMENDING ARTICLE P OF THE CITY OF HIDDEN HILLS MUNICIPAL CODE

A. AN URGENCY ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS AMENDING ARTICLE P, ENTITLED "ACCESSORY DWELLING UNITS," OF TITLE 5 (LAND

USE AND DEVELOPMENT) OF THE CITY OF HIDDEN HILLS MUNICIPAL CODE TO COMPLY

WITH RECENT CHANGES IN STATE LAW, AND FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC

RESOURCES CODE
B. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE AND DEVELOPMENT) OF THE CITY’S MUNICIPAL CODE TO COMPLY WITH RECENT CHANGES

IN STATE LAW, AND FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC RESOURCES CODE
Interim City Attorney Jenkins and City Engineer Lovett presented the following report:

The California Legislature has passed new laws, AB 2533 and SB 1211, further limiting local control over ADUs and JADUs, effective January 1, 2025. Key changes include: 1) legalizing unpermitted ADUs/JADUs built before January 1, 2020, unless they violate substandard building standards 2) City Council Minutes
Regular Meeting
November 12, 2024

Page 4 ends

eliminating replacement parking requirements when demolishing uncovered parking for an ADU; 3) defining “livable space” as areas intended for habitation 4) increasing detached ADUs allowed on multifamily lots from two to eight or up to the number of primary units, whichever is less. If the City’s ADU ordinance is not updated to comply by January 1, 2025, it will become null and void, leaving ADUs regulated only by state law, potentially impacting neighborhood character, privacy, property values, and fire safety. The proposed Urgency Ordinance No. 391 will take immediate effect to ensure the City’s ADU ordinance remains valid when AB 2533 and SB 1211 take effect on January 1, 2025.

Typically, zoning ordinances require multiple readings and take effect 30 days after adoption.

However, due to the deadline, this urgency measure is necessary, followed by a non-urgency ordinance under normal procedures.

Mayor Gold opened the public hearing. As there were no comments, she closed the hearing. Upon MOTION by Council Member Loggia, seconded by Council Member McCorkindale, and uanimously carried on roll call vote, the City Council adopted by title only, Urgency Ordinance No. 391 entitled: “AN URGENCY ORDINANCE AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE

AND DEVELOPMENT) OF THE CITY OF HIDDEN HILLS MUNICIPAL CODE TO COMPLY WITH RECENT

CHANGES IN STATE LAW, AND FINDING THE ORDINANCE TO BE EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC RESOURCES CODE.”; and finds that the adoption of the proposed Urgency Ordinance No. 391 is statuorily exempt from review under the California Environmental Quality Act (“CEQA”) under Public Resources Code section 21080.17.

Upon MOTION by Council Member Loggia, seconded by Council Member McCorkindale, and uanimously carried on roll call vote, the City Council iIntroduced and gave first reading of Ordinance No. 392 entitled:

AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE AND

DEVELOPMENT), OF THE CITY OF HIDDEN HILLS MUNICIPAL CODE TO COMPLY WITH RECENT

CHANGES IN STATE LAW, AND FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC RESOURCES CODE.

9. PUBLIC COMMENT

10. ADJOURNMENT
There being no further business to come before the Council, the meeting was adjourned. _____________________________
Eniko Gold, Mayor
ATTEST

Deana L. Gonzalez, CMC, City Clerk

CITY OF HIDDEN HILLS

SPECIAL CLOSED SESSION CITY COUNCIL MEETING
(IN PERSON)
Monday, November 18, 2024
12:30 p.m.

MINUTES

CALL TO ORDER AND PLEDGE OF ALLEGIANCE
A special meeting of the City Council of the City of Hidden Hills was duly held via teleconference on Monday, November 18, 2024, at the hour of 12:30 p.m. Mayor Eniko Gold called the meeting to order and presided there over.

ROLL CALL
Council: Mayor Eniko Gold
Mayor Pro Tem Larry G. Weber
Council Member Joe Loggia
Council Member Laura McCorkindale
Council Member Adam Wasserman
Staff: Interim City Manager Marcella Marlowe

PUBLIC COMMENT
There were no comments.

CLOSED SESSION
CONFERENCE WITH LEGAL COUNSEL:

A. PUBLIC EMPLOYMENT
Pursuant to Section 54957(b)(1) of the Government Code
Title: City Attorney

B. PUBLIC EMPLOYEE APPOINTMENT
Pursuant to Section 54957(b)(1) of the Government Code
Title: City Attorney
City Council Minutes
Special Meeting
November 18, 2024

Page 2 ends

Upon MOTION of Mayor Pro Tem Weber, seconded by Councilmember Loggia and unanimously carried on a roll call vote, it was resolved to adjourn to closed session at 12:31 p.m. to address the items listed above.

REPORT ON CLOSED SESSION
Mayor Gold stated that there was no reportable action.

ADJOURNMENT
There being no further business to come before the Council, the meeting was adjourned. _____________________________
Eniko Gold, Mayor
ATTEST:

Deana L. Gonzalez, CMC, City Clerk

CITY OF HIDDEN HILLS

REGULAR CITY COUNCIL MEETING
(IN-PERSON AND VIDEO CONFERENCE)
6165 Spring Valley Road
Monday, December 9, 2024
5:30 p.m.

MINUTES

1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE
A regular meeting of the City Council of the City of Hidden Hills was duly held via teleconference and in person on Monday, December 9, 2024, at the hour of 5:30 p.m. Mayor Eniko Gold called the meeting to order and presided thereover.

2. ROLL CALL
Council Mayor Eniko Gold
Mayor Pro Tem Larry G. Weber
Council Member Joe Loggia
Council Member Laura McCorkindale
Council Member Adam Wasserman
Staff Interim City Manager Gloria Molleda
Interim Assistant City Attorney Lauren Langer
City Engineer Dirk Lovett
Administrative Analyst Aaron Williams
City Clerk Deana L. Gonzalez

3. CITY COUNCIL COMMENTS
Mayor Gold commented that City Hall and Building and Safety will be closed beginning at noon on December 24 through January 1, 2025, reopening on January 2nd, In honor of the winter holiday.

4. STAFF COMMENTS

Interim City Manager Molleda announced that that a red flag warning is in effect from 10:00 a.m. today through 6:00 p.m. Wednesday, December 11th in the Santa Monica Mountains due to strong winds and low humidity, creating critical fire danger. Both Fire and Sheriff’s Departments have increased staffing and are ready to respond if needed. Residents must stay vigilant and prepared. Also, tonight, the City Council will consider new measures to enhance fire safety during Red Flag Warnings. Stay informed and monitor official updates.

The City of Hidden Hills is supporting the Malibu Lost Hills Sheriff’s Breakfast with Santa and the LA County City Council Minutes
Regular Meeting
December 9, 2024

Page 2 ends

Fire Spark of Love Toy Drive. Residents can donate new, unwrapped toys or sports equipment for children newborn to young adult. Drop off donations at City Hall by December 13th to help spread holiday cheer!

5. PRESENTATIONS

A. Michael Grant, Public Safety and Emergency Services Manager

Mr. Grant updated the City Council
In November, the Emergency Operations Center paperwork and logs were updated for potential state reimbursement due to the High Winds and Red Flag events; the fire truck suppression equipment hoses are being replaced, and staff continues vehicle maintenance; the CERT meeting began with a successful radio check, and we discussed radio upgrades, next year’s schedule, and training; for the Sheriff’s Department, 60 citations were issued in November, surpassing the 25 in 2023 and 31 in 2022.

B. Los Angeles County Sheriff’s Department Report - October

Deputy Baldi reported that there were no Part One crimes in October, with only three trespassing calls.

Regarding the residential burglary incident, due to the large timeframe, it will fall under the November report.

He thanked everyone who participated in our toy drive. Sunday's event is expected to have around 210 attendees, so it should be a great success.

C. Los Angeles County Fire Department Report - October
No one from the Los Angeles County Fire Department was in attendance.

6. CONSENT CALENDAR

A. Approval of the Register of Demands for December 9, 2024 B. Approval of the Disbursement List for October 2024
C. Receive and File the Financial/Treasurer’s Report for October 2024 D. Receive and File the Investment Statement for October 2024 E. Adoption of Ordinance No. 392 entitled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS AMENDING ARTICLE P, ENTITLED “ACCESSORY DWELLING UNITS,” OF TITLE 5 (LAND USE AND DEVELOPMENT) OF THE CITY’S MUNICIPAL CODE

TO COMPLY WITH RECENT CHANGES IN STATE LAW, AND FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM CEQA UNDER SECTION 21080.17 OF THE PUBLIC

RESOURCES CODE
F. Hidden Hills Community Association Board of Directors Meeting Minutes for October 15, 2024
G. Receive and File the City Engineering and Community Development Report H. Receive and File the Las Virgenes Malibu Council of Governments (LVMCOG) Report for November 19, 2024
City Council Minutes
Regular Meeting
December 9, 2024

Page 3 ends

I. Adopt Resolution No. 1037 Rescinding Resolution No. 846 Which Approved and Adopted a Fund Balance Policy
Upon MOTION by Mayor Pro Tem Weber, seconded by Council Member Loggia, and carried unanimously on roll call vote, City Council approved items A-I on the Consent Calendar.

7. PUBLIC COMMENT

There were no comments.

8. PUBLIC HEARING

Introduction and First Reading of an Ordinance Restricting Enumerated Activities when Red Flag Warnings are Issued

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS ADDING A NEW SECTION 4-3-6 TO TITLE 4, CHAPTER 3 OF THE CITY OF HIDDEN HILLS MUNICIPAL CODE

RESTRICTING ENUMERATED ACTIVITIES WHEN RED FLAG WARNINGS ARE ISSUED, AND

FINDING THE ACTION TO BE STATUTORILY EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) UNDER SECTION 21080.17 OF THE PUBLIC RESOURCES CODE City Engineer Lovett presented the following report:

The Hidden Hills City Council directed staff to prepare an ordinance restricting activities that could spark fires during red flag warnings, as outlined by the National Weather Service. Ordinance No. 393, developed with the Los Angeles County Fire Department, prohibits activities like using barbecue grills, fire pits, propane-powered equipment (e.g., mowers, generators), smoking outdoors, and parking vehicles over dry vegetation.

Mayor Gold opened the public hearing. As there were no comments, she closed the hearing. As there was concern about including generators, particularly those used for critical purposes (e.g., powering homes or medical devices) the language will be refined, and the ordinance will be reviewed by Chief Drew Smith and the city attorneys before being brought back to the Council for approval.

9. CERTIFICATION OF 11/5/24 GENERAL MUNICIPAL ELECTION RESULTS – PROPOSED

RESOLUTION

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS, CALIFORNIA, RECITING THE FACT OF THE GENERAL MUNICIPAL ELECTION HELD ON NOVEMBER 5, 2024 DECLARING

THE RESULT AND SUCH OTHER MATTERS AS PROVIDED BY LAW
City Council Minutes
Regular Meeting
December 9, 2024

Page 4 ends

City Clerk Gonzalez presented the following report:
the City Council adopted Resolution No. 1029 calling and giving notice of the holding of the election on November 5, 2024, which also authorized the City Clerk to coordinate with the County of Los Angeles Registrar-Recorder/County Clerk to procure and furnish any and all official ballots, printed matter and all supplies, equipment and paraphernalia that may be necessary in order to properly and lawfully conduct the election; the County has certified the results of the City's General Municipal Election held on November 5, 2024, and provided the official Certificate of Canvass of the Election Returns and the Final Official Statement of Votes Cast by Precinct for the City of Hidden Hills.

The Council needs to certify the results of the election, in which incumbents Eniko Gold and Adam Wasserman were reelected. Upon MOTION, by Council Member Loggia, seconded by Council Member Wasserman, and unanimously carried on a roll call vote, the City Council approved Resolution No. 1038 entitled A RESOLUTION

OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS, CALIFORNIA, RECITING THE FACT OF THE GENERAL MUNICIPAL ELECTION HELD ON NOVEMBER 5, 2024, DECLARING THE RESULTS AND SUCH OTHER MATTERS AS PROVIDED BY LAW.

The City Council recessed at 5:57 p.m., for light refreshments. The City Council reconvened at 6:30 p.m.

10. ADMINISTRATION OF OATH OF OFFICE AND PRESENTATION OF CERTIFICATES OF ELECTION

TO CITY COUNCIL MEMBERS ELECT
Longtime Hidden Hills resident and Superior Court Judge Michael Harwin administered the oath of office to Eniko Gold and Adam Wasserman and presented them with their certificates of election.

11. REORGANIZATION OF CITY COUNCIL
A. Presentations to Outgoing Mayor

The following dignitaries were in attendance to present outgoing Mayor Gold with tokens of their appreciation: Mr. John Alford, Congressman Sherman’s Office; Nancy Frawley, Deputy District Director for Assemblymember Irwin; Mr. Daniel Vicente, Field Deputy for Supervisor Horvath, Linda Menges, LVUSD Board Member, and Mayor Pro Tem Weber with a presentation to outgoing Mayor Gold.

Residents John McGinnis, Yana Ratiner, and Lisa Garfield also thanked Mayor Gold for her year as Mayor.

B. Remarks by Outgoing Mayor
City Council Minutes
Regular Meeting
December 9, 2024

Page 5 ends

Outgoing Mayor Gold thanked everyone for their kind words and is very touched. She thanked everyone who supported her during her tenure as Mayor and Is thrilled to have been reelected to the City Council.

C. Remarks by Other Council Members

Council Members Loggia, McCorkindale, Wasserman, and Mayor Pro Tem Weber, expressed their heartfelt thanks to outgoing Mayor Gold for her exceptional service, accessibility, and unparalleled work ethic to the City and residents of Hidden Hills during her tenure as Mayor.

D. Selection of Mayor

Upon MOTION of Council Member Loggia and seconded by Council Member Wasserman, it was resolved to nominate Mayor Pro Tem Weber to serve as the next Mayor. As there were no other nominations, a unanimous vote was cast, naming Larry Weber as the new Mayor.

E. Selection of Mayor Pro Tem

Upon MOTION of Council Member McCorkindale and seconded by Council Member Gold, it was resolved to nominate Council Member Loggia to serve as the next Mayor Pro Tem. As there were no other nominations, a unanimous vote was cast, naming Joe Loggia as the new Mayor Pro Tem.

F. Remarks by Incoming Mayor and Mayor Pro Tem

12. ADJOURNMENT
There being no further business to come before the Council, the meeting was adjourned. _____________________________
Larry G. Weber, Mayor
ATTEST

Deana L. Gonzalez, CMC, City Clerk

CITY OF HIDDEN HILLS

SPECIAL CLOSED SESSION CITY COUNCIL MEETING
(VIDEO CONFERENCE)
Wednesday, December 11, 2024
6:30 p.m.

MINUTES

CALL TO ORDER AND PLEDGE OF ALLEGIANCE
A special meeting of the City Council of the City of Hidden Hills was duly held via teleconference on Wednesday, December 11, 2024, at the hour of 6:30 p.m. Mayor Larry Weber called the meeting to order and presided there over.

ROLL CALL
Council: Mayor Larry G. Weber
Mayor Pro Tem Joe Loggia
Council Member Eniko Gold
Council Member Laura McCorkindale
Council Member Adam Wasserman
Staff: Interim City Manager Gloria Molleda
Interim City Attorney Michael Jenkins

PUBLIC COMMENT
There were no comments at this time.

CLOSED SESSION
CONFERENCE WITH LEGAL COUNSEL:

A. Anticipated Litigation Pursuant to Government Code Section 54956.9(d)(2) and 54956.9(e)(1)):

Number of Potential Cases: unknown
B. Public Employee Performance Evaluation
Government Code Section 54957
Title: Interim City Manager
Upon MOTION of Councilmember McCorkindale, seconded by Mayor Pro Tem Loggia and unanimously carried on a roll call vote, it was resolved to adjourn to closed session at 6:33 p.m. to address the items listed above.

City Council Minutes
Special Meeting
December 11, 2024

Page 2 ends

REPORT ON CLOSED SESSION
Interim City Attorney Jenkins stated that there was no reportable action.

ADJOURNMENT
There being no further business to come before the Council, the meeting was adjourned at . _____________________________
Larry G. Weber, Mayor
ATTEST:

Deana L. Gonzalez, CMC, City Clerk

CITY OF HIDDEN HILLS

SPECIAL CITY COUNCIL MEETING
(VIDEO/TELECONERENCE)
Wednesday, January 15, 2025
6:30 p.m.

MINUTES

CALL TO ORDER AND PLEDGE OF ALLEGIANCE
A special meeting of the City Council of the City of Hidden Hills was duly held via teleconference on Wednesday, January 15, 2025 at the hour of 6:30 p.m. Mayor Larry G. Weber called the meeting to order and presided thereover.

PUBLIC COMMENT

Resident Bret Katz asked for clarification regarding Resolution 1038 and the ratification of the proclamation of local emergency. He wanted to confirm that the ratification does not reinstate the approval of non-essential repairs. He noted that while the document’s language might suggest otherwise, it was clarified that nonessential repairs are not being put back into effect.

Resident Jeff Kessler raised two concerns during the meeting: 1) Lack of communication: He expressed frustration that there was little to no communication about the fire from day to day during the disaster. He compared it to the more frequent updates during a previous fire five years ago, noting that he and others received little information, especially in the critical first hour, and 2) Undergrounding electrical wires: He emphasized the importance of undergrounding electrical wires as a measure to prevent fires and maintain power during disasters. He suggested that the community should prioritize safety, including completing the underground wiring, to help prevent future fires and ensure a more reliable power supply during emergencies.

He asked the Council for their thoughts on revisiting the decision regarding undergrounding wires, given the increasing frequency of such events.

City Council Minutes
Special Meeting
January 15, 2025

Page 2 ends

Resident Liza Bagamian shared her concerns about the emergency phone calls during the fire event, stating that the calls were few and often provided no message. She noted that communication from the City was not as effective as other cities, and most homeowners, including herself, relied more on apps for updates. She suggested working together with residents to improve communication and possibly consulting with other cities to find better practices.

OLD BUSINESS

Approval of Resolution No. 1038 Ratifying and Extending of January 8, 2025, Proclamation of Local Emergency

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HIDDEN HILLS, CALIFORNIA, RATIFYING LOCAL EMERGENCY PROCLAMATION DATED JANUARY 8, 2025 AND CONTINUING THE EXISTENCE OF A LOCAL

EMERGENCY

Interim City Attorney Jenkins presented the following report:

The City of Hidden Hills declared a local emergency on January 8, 2025, due to the Palisades Fire, which ignited on January 7, 2025, and was exacerbated by strong Santa Ana winds. The fire, along with the nearby Kenneth Fire, led to evacuations and extreme peril to life and property. Emergency restrictions were imposed, including bans on outdoor fires, non-essential construction, and certain equipment use. These restrictions were lifted on January 10, 2025, after Red Flag warnings expired, though a countywide health order later restricted the use of blowers due to air quality concerns. Given ongoing fire threats, the City Manager extended the emergency proclamation, requiring City Council approval within seven days. If ratified, emergency powers will remain in effect until the City Council determines the local emergency is no longer necessary, with reviews required every 60 days.

Upon MOTION of Council Member McCorkindale, seconded by Mayor Pro Tem Loggia and unanimously carried on a roll call vote, it was resolved to approve Resolution No. 1038 entitled: A RESOLUTION OF THE

CITY COUNCIL OF THE CITY OF HIDDEN HILLS, CALIFORNIA, RATIFYING LOCAL EMERGENCY PROCLAMATION DATED JANUARY 8, 2025 AND CONTINUING THE EXISTENCE OF A LOCAL EMERGENCY.

ADJOURNMENT
There being no further business to come before the Council, the meeting was adjourned. _____________________________
Larry G. Weber, Mayor
ATTEST:

Deana L. Gonzalez, CMC, City Clerk
City Council Minutes
Special Meeting
January 15, 2025

Page 3 ends

ATTACHMENT 1

11:50 AM
01/31/25

CITY OF HIDDEN HILLS
Monthly Disbursements List
December 1 - 31, 2024
Type Date Payment Ref Name Description Amount
Check 12/02/2024 ONLINE APPS merchant fees - Acct # 6316193093951621 302.74 Check 12/02/2024 ONLINE APPS merchant fees - Acct # 6316383480292859 222.04 Check 12/03/2024 14870 City of Hawaiian Gardens Prop A Local fund exchange 125,000.00 Check 12/03/2024 14871 Larry Weber conference reimbursement 749.76 Check 12/03/2024 14872 MCA Direct election supplies 52.19 Check 12/03/2024 14873 Jay Goldstone City Finance consulting 612.50 Check 12/03/2024 14874 Cragoe Pest Services, Inc. RM/Mureau Rd - pest control service 100.00 Check 12/03/2024 14875 Delta Dental dental insurance - Dec 2024 365.37 Check 12/03/2024 14876 VSP vision insurance - Dec 2024 184.36 Check 12/03/2024 14877 NTT broadcasting - CC Meeting Nov 2024 750.00 Check 12/03/2024 14878 All City Management school crossing guard 3,353.81 Check 12/03/2024 14879 R.P. Barricade, Inc. Long Valley project 240.00 Check 12/03/2024 14880 HHCA Q3 2024 - Franchise Fees 1,937.35 Check 12/03/2024 ONLINE LVMWD utilities 800.92
Check 12/03/2024 ONLINE SoCal Edison Acct 9834 Long Valley parking lot 102.74 Check 12/03/2024 ONLINE SoCal Edison Acct 2081 utilities 411.54 Check 12/03/2024 ONLINE SoCal Edison Acct 3967 car charging & bicycle repair station 261.96 Check 12/04/2024 14881 Lanspeed IT services contract - Dec 2024 1,457.00 Check 12/04/2024 14882 T-Mobile smoke camera data/phones 109.86 Check 12/04/2024 14883 Spectrum/ Charter cable/internet - Dec 2024 382.04 Check 12/04/2024 14884 Sparkletts water supplies 97.29
Check 12/09/2024 ONLINE US Bank supplies/subcription 160.42 Check 12/09/2024 ONLINE US Bank supplies/conference 1,107.36 Check 12/10/2024 14903 Charter Communications LLC Little Hollow Undergrounding 4,219.83 Check 12/13/2024 ONLINE US Bank supplies, refresments, dues, misc 5,437.02 Check 12/13/2024 ONLINE SoCal Gas utilities 41.88
Check 12/17/2024 14905 DWP - Long Valley utilities 84.85 Check 12/17/2024 14906 AT&T/ CalNet3 elevator phone - Nov 2024 30.81 Check 12/17/2024 14907 AT&T/ CalNet3 telephone - Nov 2024 244.40 Check 12/17/2024 14908 Access shredding 76.40
Check 12/17/2024 14909 Chase Avenue Production mailing services - newletter 436.14 Check 12/17/2024 14910 Conejo Awards shredding 246.68

Page 1 of 2 ends

ATTACHMENT 2
11:50 AM
01/31/25

CITY OF HIDDEN HILLS
Monthly Disbursements List
December 1 - 31, 2024
Type Date Payment Ref Name Description Amount
Check 12/17/2024 14911 Xerox lease & usage - Nov 2024 355.64 Check 12/17/2024 14912 All City Management school crossing guard 3,353.81 Check 12/17/2024 14913 Sweeping Corp of America street cleaning 236.17 Check 12/17/2024 14914 SWRCB annual permit fee 3,945.00 Check 12/17/2024 14915 Horton Lees Brogden Lighting Design Council Chamber - Phase 1 lighting 1,367.50 Check 12/17/2024 14916 Amicolor, Inc. Ford decal 154.37 Check 12/17/2024 ONLINE Pitney Bowes Inc. meter refill 1,000.00 Check 12/20/2024 14904 Michael Lang Design newsletter - Dec 2024 1,249.00 TOTAL 161,240.75

Page 2 of 2 ends

CITY OF HIDDEN HILLS
Monthly Financial Report
(Preliminary/Unaudited)
November 2024
ATTACHMENT 1

CONTENTS PAGE
General Fund - Balance Sheet 1
General Fund – Comparative Summary of Revenues & Expenditures 2 General Fund – Actual Year-To-Date Vs. Budget (Graph) 3 General Fund – Comparative Statement of Revenues & Expenditures 4-6 All Funds - Fund Balance Summary 7
Treasurer’s Report 8

CITY OF HIDDEN HILLS
Balance Sheet - General Fund
November 30, 2024
As of July 1, 2024
ASSETS Beginning of Year
Charles Schwab 11,894,686.80 11,788,811.58 105,875.22
Schwab Market Adjustment (172,832.79) (349,338.83) 176,506.04 Cash - General Fund (311,873.49) (66,241.20) (245,632.29) Local Agency Investment Fund 3,162,175.24 3,187,972.89 (25,797.65) LAIF - Fair Market Value (11,744.36) (11,744.36) 0.00
Petty Cash 250.00 250.00 0.00
Accounts Receivable 23,365.58 51,602.45 (28,236.87)
Interest Receivable 95,251.97 131,221.78 (35,969.81)
Taxes Receivable 0.00 58,326.28 (58,326.28)
Prepaid Expenses & Deposits 0.00 88,139.91 (88,139.91)
Deposit in Transit 244.94 0.00 244.94
TOTAL ASSETS 14,679,523.89 14,879,000.50 (199,476.61)

LIABILITIES
Accounts Payable 37,665.52 118,996.62 (81,331.10)
Accrued Expenses 0.00 264,225.36 (264,225.36)
Payroll Related Liabilities 0.00 0.00 0.00
B & S Bonds Received 1,009,245.10 821,434.02 187,811.08 C & D Recycling 474,863.19 411,013.19 63,850.00
B & S - Other Deposits 55,430.36 55,430.36 0.00
Deferred Revenues 40,803.67 40,803.67 0.00
TOTAL LIABILITIES 1,618,007.84 1,711,903.22 (93,895.38)

FUND BALANCES
Reserve for Prepaid 0.00 88,139.91 (88,139.91)
Stabilization Reserve (Contingency) 3,848,009.40 3,848,009.40 0.00 Capital Improvement Projects 2,000,000.00 2,000,000.00 0.00 Building Replacement/Upgrade 0.00 0.00 0.00
Utilitiy Undergrounding Reserve 0.00 0.00 0.00
Unrestricted Fund Balance 7,319,087.88 7,230,947.97 88,139.91 Beginning Fund Balance 13,167,097.28 13,167,097.28 0.00 Revenues Over (Under) Expenditures (105,581.23) 0.00 (105,581.23) TOTAL FUND BALANCES 13,061,516.05 13,167,097.28 (105,581.23) TOTAL LIABILITIES & FUND BALANCES 14,679,523.89 14,879,000.50 (199,476.61) As of Nov 30, 2024 $ Change
1 CITY OF HIDDEN HILLS
Comparative Summary of Revenues and Expenditures - General Fund For the One Month and 5 Months Ended November 30, 2024
Budget Period Actual
(Nov 2024)
Current Year to
Date Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

REVENUES
Property Taxes 1,674,766 28,182.09 68,964.62 4.1% 26,447.38 160.8% Other Local Taxes 164,000 6,044.07 45,607.68 27.8% 57,986.59 -21.4% Other Taxing Entities 425,534 - - 0.0% - 0.0%
Interest Income 432,131 16,707.02 173,208.76 40.1% 181,912.13 -4.8% Building & Safety 1,087,200 139,455.26 761,947.72 70.1% 554,568.67 37.4% Fiesta Revenue 57,000 - 54,288.00 95.2% 52,549.86 3.3%
Other Revenue 380,540 42,284.47 292,197.06 76.8% 191,697.05 52.4% TOTAL REVENUES 4,221,171 232,672.91 1,396,213.84 33.1% 1,065,161.68 31.1%

EXPENDITURES
Salaries & Benefits 748,152 49,253.06 297,765.32 39.8% 255,425.53 16.6% Administration 866,485 50,108.09 251,361.03 29.0% 224,617.99 11.9% Community Services 340,000 7,953.50 231,017.79 67.9% 207,437.62 11.4% Public Safety 845,961 59,092.48 307,086.22 36.3% 207,630.17 47.9% Building & Safety 994,432 105,081.65 357,235.88 35.9% 248,592.64 43.7% Maintenance 52,979 1,792.35 15,903.63 30.0% 33,102.51 -52.0% Capital Improvements 0 - 5,098.00 100.0% - 100.0%
TOTAL EXPENDITURES 3,848,009 273,281.13 1,465,467.87 38.1% 1,176,806.46 24.5%

TRANSFERS
Transfers In 386,705 22,123.49 60,905.74 15.7% 58,128.25 4.8% Transfers Out 1,244,948 - 97,232.94 7.8% 254,255.25 -61.8% TOTAL NET TRANSFERS (858,243) 22,123.49 (36,327.20) 4.2% (196,127.00) -81.5%

REVENUES OVER/ (UNDER)
EXPENDITURES & TRANSFERS (485,081) (18,484.73) (105,581.23) 21.8% (307,771.78) 65.7% 2 4.1%

27.8%

0.0%

40.1%

70.1%

95.2%

76.8%
Property Taxes
Other Local Taxes
Other Taxing Entities
Interest Income
Building & Safety
Fiesta Revenue
Other Revenue
Revenues
Actual YTD vs. Budget
% of Budget Current Year to Date Actual Budget

39.8%

29.0%

67.9%

36.3%

35.9%

30.0%
100.0%
Salaries & Benefits
Administration
Community Services
Public Safety
Building & Safety
Maintenance
Capital Improvements
Expenditures
Actual YTD vs. Budget
% of Budget Current Year to Date Actual Budget
3 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 5 Months Ended November 30, 2024
Adjusted
Budget
Period Actual
(Nov 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

REVENUES
Property Taxes
4100-10 Property Taxes 1,674,766 28,182.09 68,964.62 4.1% 26,447.38 160.8% Total Property Taxes 1,674,766 28,182.09 68,964.62 4.1% 26,447.38 160.8% Other Local Taxes
4210-10 Real Property Transfer Tax 147,000 5,810.75 44,583.00 30.3% 41,085.00 8.5% 4220-10 Sales & Use Tax 17,000 233.32 1,024.68 6.0% 16,901.59 -93.9% Total Other Local Taxes 164,000 6,044.07 45,607.68 27.8% 57,986.59 -21.4% Other Taxing Entities
4120-10 Property Tax in Lieu of VLF 423,534 0.00 0.00 0.0% 0.00 0.0% 4245-10 Motor Vehicle In Lieu 2,000 0.00 0.00 0.0% 0.00 0.0% Total Other Taxing Entities 425,534 0.00 0.00 0.0% 0.00 0.0% Interest Income
4400-10 Interest - LAIF & Banks 132,131 0.00 38,232.54 28.9% 30,577.45 25.0% 4401-10 Interest - Charles Schwab 300,000 16,707.02 134,976.22 45.0% 151,334.68 -10.8% Total Interest Income 432,131 16,707.02 173,208.76 40.1% 181,912.13 -4.8% Building & Safety
4613-10 Building & Safety Permits 960,000 137,682.26 750,332.66 78.2% 537,196.35 39.7% 4614-10 Planning Fees 94,200 969.00 4,296.00 4.6% 4,678.00 -8.2% 4615-10 Engineering Fees 6,000 0.00 0.00 0.0% 4,801.06 -100.0% 4616-10 Environmental Fees 27,000 804.00 7,319.06 27.1% 7,893.26 -7.3% Total Building & Safety 1,087,200 139,455.26 761,947.72 70.1% 554,568.67 37.4% Fiesta
4830-10 Fiesta Revenue 57,000 0.00 54,288.00 95.2% 52,549.86 3.3% Total Fiesta 57,000 0.00 54,288.00 95.2% 52,549.86 3.3% Other Revenue
4105-10 PSAF Revenue 28,000 2,255.34 6,576.49 23.5% 6,742.69 -2.5% 4215-10 Schwab Market Revenue 0 28,446.78 176,506.04 100.0% 110,186.90 60.2% 4230-10 Fund Exchange 93,750 0.00 0.00 0.0% 0.00 0.0%
4605-10 Franchise Fees - AT&T 2,800 522.14 522.14 18.6% 660.78 -21.0% 4610-10 Franchise Fees - Edison 72,500 0.00 0.00 0.0% 0.00 0.0% 4620-10 Franchise Fees - Gas 25,000 0.00 0.00 0.0% 0.00 0.0% 4621-10 Franchise Fees - Waste Hauler 60,000 0.00 18,431.68 30.7% 19,436.21 -5.2% 4622-10 Franchise Fees - Cable 11,760 4,843.38 4,843.38 41.2% 4,831.95 0.2% 4623-10 Waste Management Fee 8,000 0.00 2,028.00 25.4% 2,003.00 1.3% 4625-10 Alarm Registration 8,100 0.00 0.00 0.0% 150.00 -100.0% 4850-10 Miscellaneous Income 25,200 6,216.83 36,900.25 146.4% 47,685.52 -22.6% 6560-10 Grant Revenue 45,430 0.00 46,389.08 102.1% 0.00 100.0% Total Other Revenue 380,540 42,284.47 292,197.06 76.8% 191,697.05 52.4% TOTAL REVENUES 4,221,171 232,672.91 1,396,213.84 33.1% 1,065,161.68 31.1% 4 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 5 Months Ended November 30, 2024
Adjusted
Budget
Period Actual
(Nov 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

EXPENDITURES
Salaries & Benefits
5100-10 City Manager Salary 258,000 16,538.46 93,751.37 36.3% 90,144.12 4.0% 5101-10 Staff Salary 299,696 21,662.17 130,610.12 43.6% 105,618.20 23.7% 5105-10 Car Allowance - City Manager 6,000 300.00 1,476.90 24.6% 0.00 100.0% 5115-10 Cell Phone Allowance 1,200 100.00 400.00 33.3% 380.82 5.0% 5150-10 Payroll Taxes 17,568 1,382.83 7,506.66 42.7% 5,665.26 32.5% 5160-10 Workers Comp 7,366 0.00 3,648.27 49.5% 2,348.94 55.3% 5170-10 CalPERS Retirement 73,619 3,709.44 22,640.33 30.8% 27,177.98 -16.7% 5175-10 CalPERS Unfunded Liability 8,913 0.00 8,625.00 96.8% 0.00 100.0% 5180-10 Group Health Insurance 69,790 5,211.32 27,172.18 38.9% 22,197.99 22.4% 5190-10 Dental & Vision Insurance 6,000 348.84 1,934.49 32.2% 1,892.22 2.2% Total Salaries & Benefits 748,152 49,253.06 297,765.32 39.8% 255,425.53 16.6% Administration
5200-10 Legal Services 258,000 14,851.00 53,437.00 20.7% 22,307.81 139.5% 5205-10 City Auditor 26,000 500.00 1,350.00 5.2% 7,787.50 -82.7% 5206-10 Financial Services 55,000 1,375.00 3,812.50 6.9% 0.00 100.0% 5210-10 Dues - LVMCOG 25,000 0.00 25,000.00 100.0% 25,000.00 0.0% 5215-10 Dues & Subscriptions 10,000 9,542.77 15,815.26 158.2% 16,881.55 -6.3% 5220-10 Liability Insurance 19,963 0.00 20,006.00 100.2% 24,623.00 -18.8% 5225-10 Blanket Fidelity Bond 958 0.00 897.00 93.6% 912.00 -1.6% 5230-10 Property Insurance 7,708 0.00 7,708.00 100.0% 7,221.00 6.7% 5250-10 Election & Legislation 92,000 5,397.59 20,458.24 22.2% 17,500.00 16.9% 5255-10 Miscellaneous Expense 45,000 0.00 200.00 0.4% 0.00 100.0% 5260-10 Public Information 95,325 6,328.60 16,403.34 17.2% 8,694.48 88.7% 5270-10 Office Expense 40,000 4,757.49 16,470.68 41.2% 20,869.45 -21.1% 5275-10 Data Processing/IT Support 58,797 4,174.20 22,685.43 38.6% 30,946.11 -26.7% 5280-10 Telephone 7,360 394.12 2,839.87 38.6% 1,522.91 86.5% 5285-10 Utilities 43,000 2,787.32 12,797.22 29.8% 9,878.00 29.6% 5290-10 Travel & Meetings 26,375 0.00 2,379.49 9.0% 3,328.75 -28.5% 5295-10 Investment Management 56,000 0.00 29,101.00 52.0% 27,145.43 7.2% Total Administration 866,485 50,108.09 251,361.03 29.0% 224,617.99 11.9% Community Services
5240-10 Community Assistance 10,000 0.00 0.00 0.0% 0.00 0.0% 5500-10 Fiesta 220,000 5,668.50 228,026.79 103.6% 203,982.56 11.8% 5501-10 Other Events 10,000 1,035.00 1,285.00 12.9% 185.06 594.4% 5510-10 Library 100,000 1,250.00 1,706.00 1.7% 3,270.00 -47.8% Total Community Services 340,000 7,953.50 231,017.79 67.9% 207,437.62 11.4% 5 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 5 Months Ended November 30, 2024
Adjusted
Budget
Period Actual
(Nov 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior
Public Safety
5600-10 Police Protection/STAR 557,838 46,385.74 132,630.78 23.8% 129,392.14 2.5% 5610-10 Supplemental P.S. Support 171,754 9,184.85 70,728.90 41.2% 66,298.41 6.7% 5620-10 Emergency Svcs Coordinator 74,269 3,282.50 11,927.50 16.1% 4,375.00 172.6% 5625-10 Disaster Preparedness 30,100 76.20 91,059.95 302.5% 7,615.85 1095.7% 5640-10 Animal Control 12,000 163.19 739.09 6.2% (51.23) 1542.7% Total Public Safety 845,961 59,092.48 307,086.22 36.3% 207,630.17 47.9% Building & Safety
5700-10 Engineering 228,000 21,413.00 69,045.00 30.3% 38,019.25 81.6% 5710-10 Building and Safety 492,000 62,273.05 193,371.00 39.3% 129,419.69 49.4% 5720-10 Planning 100,100 2,644.20 31,334.86 31.3% 33,312.97 -5.9% 5730-10 NPDES/Environmental 174,332 18,751.40 63,485.02 36.4% 47,840.73 32.7% Total Building & Safety 994,432 105,081.65 357,235.88 35.9% 248,592.64 43.7% Maintenance
5800-10 Janitorial 19,360 1,480.00 5,920.00 30.6% 6,945.00 -14.8% 5805-10 Street Cleaning 3,432 0.00 963.20 28.1% 984.24 -2.1% 5810-10 Garden Service 4,187 0.00 4,006.52 95.7% 16,048.60 -75.0% 5820-10 Repairs & Maintenance 26,000 312.35 5,013.91 19.3% 9,124.67 -45.1% Total Maintenance 52,979 1,792.35 15,903.63 30.0% 33,102.51 -52.0% Capital Improvements
5901-10 City Hall Improvements 0 0.00 5,098.00 100.0% 0.00 100.0% Total Capital Improvements 0 0.00 5,098.00 100.0% 0.00 100.0% TOTAL EXPENDITURES 3,848,009 273,281.13 1,465,467.87 38.1% 1,176,806.46 24.5%

TRANSFERS
Transfers In
4901-10 Transfer from COPS Fund 146,309 11,813.64 35,440.92 24.2% 34,184.40 3.7% 4905-10 Transfer from Gas Tax 101,396 10,309.85 25,464.82 25.1% 20,673.85 23.2% 4907-10 Transfer from Measure W 39,000 0.00 0.00 0.0% 0.00 0.0% 4911-10 Transfer from Library 100,000 0.00 0.00 0.0% 3,270.00 -100.0% Total Transfers In 386,705 22,123.49 60,905.74 15.7% 58,128.25 4.8% Transfers Out
7610-10 Transfer to Capital Projects 1,244,948 0.00 97,232.94 7.8% 254,255.25 -61.8% Total Transfers Out 1,244,948 0.00 97,232.94 7.8% 254,255.25 -61.8% TOTAL NET TRANSFERS (858,243) 22,123.49 (36,327.20) 4.2% (196,127.00) -81.5%

REVENUES OVER/ (UNDER)
EXPENDITURES & TRANSFERS (485,081) (18,484.73) (105,581.23) 21.8% (307,771.78) 65.7% 6 CITY OF HIDDEN HILLS
Fund Balance Summary
For the Period Ending November 30, 2024
Beginning Fund
Balance as of
07/1/2024
Year to Date
Revenues
Year to Date
Expenditures Transfers In/(Out)
Ending
Fund Balance
as of 11/30/2024
10 General Fund 13,167,097.28 1,396,213.84 1,465,467.87 (36,327.20) 13,061,516.05 12 Library Fund 552,449.78 26,181.29 0.00 0.00 578,631.07 20 Traffic Safety Fund 15,788.80 1,829.24 2,750.00 0.00 14,868.04

40.1 Gas Tax Fund - HUTA 396,122.14 19,892.82 3,180.49 (25,464.82) 387,369.65

40.2 Gas Tax Fund - SB1 196,225.18 12,315.93 0.00 0.00 208,541.11 50 Prop A Fund 122,513.08 18,796.81 0.00 0.00 141,309.89 55 Prop C Fund 298,963.32 15,591.44 2,882.61 0.00 311,672.15 60 AQMD Fund 13,418.17 5,000.00 0.00 0.00 18,418.17
65 Measure R Fund (877,305.24) 11,691.88 560,991.20 0.00 (1,426,604.56) 67 Measure M Fund 185,594.41 13,263.20 0.00 0.00 198,857.61 68 Measure W Fund 112,476.29 0.00 0.00 0.00 112,476.29
70 Recycling Fund 125,949.71 0.00 0.00 0.00 125,949.71
80 COPS Fund 101,963.57 144,132.81 0.00 (35,440.92) 210,655.46 14,411,256.49 1,664,909.26 2,035,272.17 (97,232.94) 13,943,660.64 Beginning Fund
Balance as of
07/1/2024
Year to Date
Revenues
Year to Date
Expenditures Transfers In/(Out)
Ending
Fund Balance
as of 11/30/2024
15 Capital Projects Fund 0.00 - 97,232.94 97,232.94 0.00 TOTAL 14,411,256.49 1,664,909.26 2,132,505.11 0.00 13,943,660.64 7 CITY OF HIDDEN HILLS
Treasurer's Report
November 30, 2024
Fund Bank
General Fund Local Agency Investment Fund 3,162,175.24
General Fund Charles Schwab 11,894,686.80
Gas Tax Fund Chase Acct 5939 127,504.28
Traffic Safety Fund Chase Acct 5947 17,618.04
General Fund Chase Acct 5921 (311,873.49) *
Library Fund Chase Acct 5921 578,631.07 *
Traffic Safety Fund Chase Acct 5921 (2,750.00) *
Gas Tax - HUTA Chase Acct 5921 259,865.37 *
Gas Tax - SB1/RMRA Chase Acct 5921 208,541.11 *
Prop A Chase Acct 5921 141,309.89 *
Prop C Chase Acct 5921 311,672.15 *
AQMD Chase Acct 5921 18,418.17 *
Measure R Chase Acct 5921 (1,362,358.23) *
Measure M Local Chase Acct 5921 198,857.61 *
Measure W Chase Acct 5921 112,476.29 *
Recycling Fund Chase Acct 5921 125,949.71 *
COPS Fund Chase Acct 5921 210,655.46 *
TOTAL $15,691,379.47
Amount
489,395.11
*Chase Acct 5921 is being presented as shared cash account between General Fund and all Special Revenue & Restricted Funds
Due to/Due from accounts' balances has been zeroed out. 8 CITY OF HIDDEN HILLS
Monthly Financial Report
(Preliminary/Unaudited)
December 2024
ATTACHMENT 2

CITY OF HIDDEN HILLS
Balance Sheet - General Fund
December 31, 2024
As of July 1, 2024
ASSETS Beginning of Year
Charles Schwab 11,935,291.86 11,788,811.58 146,480.28
Schwab Market Adjustment (180,602.38) (349,338.83) 168,736.45 Cash - General Fund 228,154.45 (66,241.20) 294,395.65
Local Agency Investment Fund 3,162,175.24 3,187,972.89 (25,797.65) LAIF - Fair Market Value (11,744.36) (11,744.36) 0.00
Petty Cash 250.00 250.00 0.00
Accounts Receivable 22,755.58 51,602.45 (28,846.87)
Interest Receivable 95,251.97 131,221.78 (35,969.81)
Taxes Receivable 0.00 58,326.28 (58,326.28)
Prepaid Expenses & Deposits 0.00 88,139.91 (88,139.91)
Deposit in Transit 111.24 0.00 111.24
TOTAL ASSETS 15,251,643.60 14,879,000.50 372,643.10

FUND BALANCES
Reserve for Prepaid 0.00 88,139.91 (88,139.91)
Stabilization Reserve (Contingency) 3,848,009.40 3,848,009.40 0.00 Capital Improvement Projects 2,000,000.00 2,000,000.00 0.00 Building Replacement/Upgrade 0.00 0.00 0.00
Utilitiy Undergrounding Reserve 0.00 0.00 0.00
Unrestricted Fund Balance 7,319,087.88 7,230,947.97 88,139.91 Beginning Fund Balance 13,167,097.28 13,167,097.28 0.00 Revenues Over (Under) Expenditures 466,538.48 0.00 466,538.48 TOTAL FUND BALANCES 13,633,635.76 13,167,097.28 466,538.48 TOTAL LIABILITIES & FUND BALANCES 15,251,643.60 14,879,000.50 372,643.10 As of Dec 31, 2024 $ Change
1 CITY OF HIDDEN HILLS
Comparative Summary of Revenues and Expenditures - General Fund For the One Month and 6 Months Ended December 31, 2024
Budget Period Actual
(Dec 2024)
Current Year to
Date Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

REVENUES
Property Taxes 1,674,766 631,895.43 700,860.05 41.8% 622,627.75 12.6% Other Local Taxes 164,000 14,671.25 60,278.93 36.8% 69,955.83 -13.8% Other Taxing Entities 425,534 - - 0.0% - 0.0%
Interest Income 432,131 40,605.06 213,813.82 49.5% 218,896.70 -2.3% Building & Safety 1,087,200 54,577.20 816,524.92 75.1% 610,946.14 33.7% Fiesta Revenue 57,000 - 54,288.00 95.2% 52,549.86 3.3%
Other Revenue 380,540 90,164.49 382,361.55 100.5% 300,094.06 27.4% TOTAL REVENUES 4,221,171 831,913.43 2,228,127.27 52.8% 1,875,070.34 18.8%

EXPENDITURES
Salaries & Benefits 748,152 49,459.54 347,224.86 46.4% 323,194.30 7.4% Administration 866,485 31,460.08 282,821.11 32.6% 262,292.81 7.8% Community Services 340,000 - 231,017.79 67.9% 207,437.62 11.4% Public Safety 845,961 57,018.05 364,104.27 43.0% 255,363.42 42.6% Building & Safety 994,432 142,624.92 499,860.80 50.3% 329,543.85 51.7% Maintenance 52,979 3,256.86 19,160.49 36.2% 36,571.26 -47.6% Capital Improvements 0 8,111.50 13,209.50 100.0% - 100.0% TOTAL EXPENDITURES 3,848,009 291,930.95 1,757,398.82 45.7% 1,414,403.26 24.3%

TRANSFERS
Transfers In 386,705 36,357.06 97,262.80 25.2% 72,423.05 34.3% Transfers Out 1,244,948 4,219.83 101,452.77 8.1% 255,153.00 -60.2% TOTAL NET TRANSFERS (858,243) 32,137.23 (4,189.97) 0.5% (182,729.95) -97.7%

REVENUES OVER/ (UNDER)
EXPENDITURES & TRANSFERS (485,081) 572,119.71 466,538.48 -96.2% 277,937.13 67.9% 2 41.8%

36.8%

0.0%

49.5%

75.1%

95.2%
100.5%
Property Taxes
Other Local Taxes
Other Taxing Entities
Interest Income
Building & Safety
Fiesta Revenue
Other Revenue
Revenues
Actual YTD vs. Budget
% of Budget Current Year to Date Actual Budget

46.4%

32.6%

67.9%

43.0%

50.3%

36.2%
100.0%
Salaries & Benefits
Administration
Community Services
Public Safety
Building & Safety
Maintenance
Capital Improvements
Expenditures
Actual YTD vs. Budget
% of Budget Current Year to Date Actual Budget
3 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 6 Months Ended December 31, 2024
Adjusted
Budget
Period Actual
(Dec 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

REVENUES
Property Taxes
4100-10 Property Taxes 1,674,766 631,895.43 700,860.05 41.8% 622,627.75 12.6% Total Property Taxes 1,674,766 631,895.43 700,860.05 41.8% 622,627.75 12.6% Other Local Taxes
4210-10 Real Property Transfer Tax 147,000 14,671.25 59,254.25 40.3% 52,855.00 12.1% 4220-10 Sales & Use Tax 17,000 0.00 1,024.68 6.0% 17,100.83 -94.0% Total Other Local Taxes 164,000 14,671.25 60,278.93 36.8% 69,955.83 -13.8% Other Taxing Entities
4120-10 Property Tax in Lieu of VLF 423,534 0.00 0.00 0.0% 0.00 0.0% 4245-10 Motor Vehicle In Lieu 2,000 0.00 0.00 0.0% 0.00 0.0% Total Other Taxing Entities 425,534 0.00 0.00 0.0% 0.00 0.0% Interest Income
4400-10 Interest - LAIF & Banks 132,131 0.00 38,232.54 28.9% 30,577.45 25.0% 4401-10 Interest - Charles Schwab 300,000 40,605.06 175,581.28 58.5% 188,319.25 -6.8% Total Interest Income 432,131 40,605.06 213,813.82 49.5% 218,896.70 -2.3% Building & Safety
4613-10 Building & Safety Permits 960,000 54,377.78 804,710.44 83.8% 591,515.69 36.0% 4614-10 Planning Fees 94,200 0.00 4,296.00 4.6% 4,888.00 -12.1% 4615-10 Engineering Fees 6,000 0.00 0.00 0.0% 4,801.06 -100.0% 4616-10 Environmental Fees 27,000 199.42 7,518.48 27.8% 9,741.39 -22.8% Total Building & Safety 1,087,200 54,577.20 816,524.92 75.1% 610,946.14 33.6% Fiesta
4830-10 Fiesta Revenue 57,000 0.00 54,288.00 95.2% 52,549.86 3.3% Total Fiesta 57,000 0.00 54,288.00 95.2% 52,549.86 3.3% Other Revenue
4105-10 PSAF Revenue 28,000 2,633.34 9,209.83 32.9% 9,444.16 -2.5% 4215-10 Schwab Market Revenue 0 (7,769.59) 168,736.45 100.0% 204,008.17 -17.3% 4230-10 Fund Exchange 93,750 93,750.00 93,750.00 100.0% 0.00 100.0% 4605-10 Franchise Fees - AT&T 2,800 0.00 522.14 18.6% 660.78 -21.0% 4610-10 Franchise Fees - Edison 72,500 0.00 0.00 0.0% 0.00 0.0% 4620-10 Franchise Fees - Gas 25,000 0.00 0.00 0.0% 0.00 0.0% 4621-10 Franchise Fees - Waste Hauler 60,000 0.00 18,431.68 30.7% 19,436.21 -5.2% 4622-10 Franchise Fees - Cable 11,760 (1,937.35) 2,906.03 24.7% 2,899.17 0.2% 4623-10 Waste Management Fee 8,000 0.00 2,028.00 25.4% 2,003.00 1.3% 4625-10 Alarm Registration 8,100 140.00 140.00 1.7% 200.00 -100.0% 4850-10 Miscellaneous Income 25,200 3,348.09 40,248.34 159.7% 50,767.82 -20.7% 6560-10 Grant Revenue 45,430 0.00 46,389.08 102.1% 10,674.75 334.6% Total Other Revenue 380,540 90,164.49 382,361.55 100.5% 300,094.06 27.4% TOTAL REVENUES 4,221,171 831,913.43 2,228,127.27 52.8% 1,875,070.34 18.8% 4 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 6 Months Ended December 31, 2024
Adjusted
Budget
Period Actual
(Dec 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior

EXPENDITURES
Salaries & Benefits
5100-10 City Manager Salary 258,000 16,538.46 110,289.83 42.7% 122,478.78 -10.0% 5101-10 Staff Salary 299,696 21,845.04 152,455.16 50.9% 125,779.92 21.2% 5105-10 Car Allowance - City Manager 6,000 300.00 1,776.90 29.6% 300.00 492.3% 5115-10 Cell Phone Allowance 1,200 100.00 500.00 41.7% 449.94 11.1% 5150-10 Payroll Taxes 17,568 1,311.25 8,817.91 50.2% 7,339.95 20.1% 5160-10 Workers Comp 7,366 0.00 3,648.27 49.5% 2,760.85 32.1% 5170-10 CalPERS Retirement 73,619 3,709.44 26,349.77 35.8% 34,964.07 -24.6% 5175-10 CalPERS Unfunded Liability 8,913 0.00 8,625.00 96.8% 0.00 100.0% 5180-10 Group Health Insurance 69,790 5,211.32 32,383.50 46.4% 26,832.18 20.7% 5190-10 Dental & Vision Insurance 6,000 444.03 2,378.52 39.6% 2,288.61 3.9% Total Salaries & Benefits 748,152 49,459.54 347,224.86 46.4% 323,194.30 7.4% Administration
5200-10 Legal Services 258,000 10,434.00 63,871.00 24.8% 39,964.61 59.8% 5205-10 City Auditor 26,000 0.00 1,350.00 5.2% 9,037.50 -85.1% 5206-10 Financial Services 55,000 612.50 4,425.00 8.0% 0.00 100.0% 5210-10 Dues - LVMCOG 25,000 0.00 25,000.00 100.0% 25,000.00 0.0% 5215-10 Dues & Subscriptions 10,000 95.88 15,911.14 159.1% 17,616.43 -9.7% 5220-10 Liability Insurance 19,963 0.00 20,006.00 100.2% 24,623.00 -18.8% 5225-10 Blanket Fidelity Bond 958 0.00 897.00 93.6% 912.00 -1.6% 5230-10 Property Insurance 7,708 0.00 7,708.00 100.0% 7,221.00 6.7% 5250-10 Election & Legislation 92,000 5,178.44 25,636.68 27.9% 22,500.00 13.9% 5255-10 Miscellaneous Expense 45,000 0.00 200.00 0.4% 0.00 100.0% 5260-10 Public Information 95,325 2,466.14 18,869.48 19.8% 9,898.48 90.6% 5270-10 Office Expense 40,000 4,232.47 20,703.15 51.8% 26,953.73 -23.2% 5275-10 Data Processing/IT Support 58,797 3,866.37 26,551.80 45.2% 32,704.04 -18.8% 5280-10 Telephone 7,360 354.27 3,194.14 43.4% 2,239.65 42.6% 5285-10 Utilities 43,000 1,703.89 14,501.11 33.7% 12,398.19 17.0% 5290-10 Travel & Meetings 26,375 2,516.12 4,895.61 18.6% 4,078.75 20.0% 5295-10 Investment Management 56,000 0.00 29,101.00 52.0% 27,145.43 7.2% Total Administration 866,485 31,460.08 282,821.11 32.6% 262,292.81 7.8% Community Services
5240-10 Community Assistance 10,000 0.00 0.00 0.0% 0.00 0.0% 5500-10 Fiesta 220,000 0.00 228,026.79 103.6% 203,982.56 11.8% 5501-10 Other Events 10,000 0.00 1,285.00 12.9% 185.06 594.4% 5510-10 Library 100,000 0.00 1,706.00 1.7% 3,270.00 -47.8% Total Community Services 340,000 0.00 231,017.79 67.9% 207,437.62 11.4% 5 CITY OF HIDDEN HILLS
Comparative Statement of Revenues and Expenditures - General Fund For the One Month and 6 Months Ended December 31, 2024
Adjusted
Budget
Period Actual
(Dec 2024)
Current
Year to Date
Actual
% of
Budget
Prior
Year to Date
Actual
% Change
from Prior
Public Safety
5600-10 Police Protection/STAR 557,838 45,234.60 177,865.38 31.9% 173,200.39 2.7% 5610-10 Supplemental P.S. Support 171,754 6,707.62 77,436.52 45.1% 69,198.41 11.9% 5620-10 Emergency Svcs Coordinator 74,269 2,437.50 14,365.00 19.3% 5,400.00 166.0% 5625-10 Disaster Preparedness 30,100 617.18 91,677.13 304.6% 7,615.85 1103.8% 5640-10 Animal Control 12,000 2,021.15 2,760.24 23.0% (51.23) 5487.9% Total Public Safety 845,961 57,018.05 364,104.27 43.0% 255,363.42 42.6% Building & Safety
5700-10 Engineering 228,000 (7,199.50) 61,845.50 27.1% 45,471.75 36.0% 5710-10 Building and Safety 492,000 70,327.50 263,698.50 53.6% 171,012.14 54.2% 5720-10 Planning 100,100 2,723.20 34,058.06 34.0% 47,233.27 -27.9% 5730-10 NPDES/Environmental 174,332 76,773.72 140,258.74 80.5% 65,826.69 113.1% Total Building & Safety 994,432 142,624.92 499,860.80 50.3% 329,543.85 51.7% Maintenance
5800-10 Janitorial 19,360 0.00 5,920.00 30.6% 6,945.00 -14.8% 5805-10 Street Cleaning 3,432 236.17 1,199.37 34.9% 1,243.27 -3.5% 5810-10 Garden Service 4,187 0.00 4,006.52 95.7% 19,258.32 -79.2% 5820-10 Repairs & Maintenance 26,000 3,020.69 8,034.60 30.9% 9,124.67 -12.0% Total Maintenance 52,979 3,256.86 19,160.49 36.2% 36,571.26 -47.6% Capital Improvements
5901-10 City Hall Improvements 0 8,111.50 13,209.50 100.0% 0.00 100.0% Total Capital Improvements 0 8,111.50 13,209.50 100.0% 0.00 100.0% TOTAL EXPENDITURES 3,848,009 291,930.95 1,757,398.82 45.7% 1,414,403.26 24.3%

TRANSFERS
Transfers In
4901-10 Transfer from COPS Fund 146,309 11,813.64 47,254.56 32.3% 45,579.20 3.7% 4905-10 Transfer from Gas Tax 101,396 6,707.62 32,172.44 31.7% 23,573.85 36.5% 4906-10 Transfer from AQMD 0 17,835.80 17,835.80 100.0% 0.00 100.0% 4907-10 Transfer from Measure W 39,000 0.00 0.00 0.0% 0.00 0.0% 4911-10 Transfer from Library 100,000 0.00 0.00 0.0% 3,270.00 -100.0% Total Transfers In 386,705 36,357.06 97,262.80 25.2% 72,423.05 34.3% Transfers Out
7610-10 Transfer to Capital Projects 1,244,948 4,219.83 101,452.77 8.1% 255,153.00 -60.2% Total Transfers Out 1,244,948 4,219.83 101,452.77 8.1% 255,153.00 -60.2% TOTAL NET TRANSFERS (858,243) 32,137.23 (4,189.97) 0.5% (182,729.95) -97.7%

REVENUES OVER/ (UNDER)
EXPENDITURES & TRANSFERS (485,081) 572,119.71 466,538.48 -96.2% 277,937.13 67.9% 6 CITY OF HIDDEN HILLS
Fund Balance Summary
For the Period Ending December 31, 2024
Beginning Fund
Balance as of
07/1/2024
Year to Date
Revenues
Year to Date
Expenditures Transfers In/(Out)
Ending
Fund Balance
as of 12/31/2024
10 General Fund 13,167,097.28 2,228,127.27 1,757,398.82 (4,189.97) 13,633,635.76 12 Library Fund 552,449.78 803,558.63 0.00 0.00 1,356,008.41 20 Traffic Safety Fund 15,788.80 3,152.00 2,750.00 0.00 16,190.80

40.1 Gas Tax Fund - HUTA 396,122.14 24,675.82 3,180.49 (32,172.44) 385,445.03

40.2 Gas Tax Fund - SB1 196,225.18 15,743.00 0.00 (4,600.00) 207,368.18 50 Prop A Fund 122,513.08 22,692.10 125,000.00 0.00 20,205.18 55 Prop C Fund 298,963.32 18,822.48 2,882.61 0.00 314,903.19 60 AQMD Fund 13,418.17 5,587.21 0.00 (17,835.80) 1,169.58 65 Measure R Fund (877,305.24) 14,114.04 0.00 (605,629.82) (1,468,821.02) 67 Measure M Fund 185,594.41 16,005.55 0.00 0.00 201,599.96 68 Measure W Fund 112,476.29 85,023.51 0.00 0.00 197,499.80 70 Recycling Fund 125,949.71 0.00 0.00 0.00 125,949.71
80 COPS Fund 101,963.57 177,053.88 0.00 (47,254.56) 231,762.89 14,411,256.49 3,414,555.49 1,891,211.92 (711,682.59) 15,222,917.47 Beginning Fund
Balance as of
07/1/2024
Year to Date
Revenues
Year to Date
Expenditures Transfers In/(Out)
Ending
Fund Balance
as of 11/30/2024
15 Capital Projects Fund 0.00 - 711,682.59 711,682.59 0.00 TOTAL 14,411,256.49 3,414,555.49 2,602,894.51 0.00 15,222,917.47 7 CITY OF HIDDEN HILLS
Treasurer's Report
December 31, 2024
Fund Bank
General Fund Local Agency Investment Fund 3,162,175.24
General Fund Charles Schwab 11,935,291.86
Gas Tax Fund Chase Acct 5939 127,504.28
Traffic Safety Fund Chase Acct 5947 18,940.80
General Fund Chase Acct 5921 228,154.45 *
Library Fund Chase Acct 5921 1,356,008.41 *
Traffic Safety Fund Chase Acct 5921 (2,750.00) *
Gas Tax - HUTA Chase Acct 5921 257,940.75 *
Gas Tax - SB1/RMRA Chase Acct 5921 207,368.18 *
Prop A Chase Acct 5921 20,205.18 *
Prop C Chase Acct 5921 314,903.19 *
AQMD Chase Acct 5921 1,169.58 *
Measure R Chase Acct 5921 (1,404,574.69) *
Measure M Local Chase Acct 5921 201,599.96 *
Measure W Chase Acct 5921 197,499.80 *
Recycling Fund Chase Acct 5921 125,949.71 *
COPS Fund Chase Acct 5921 231,762.89 *
TOTAL $16,979,149.59
Amount
1,735,237.41
*Chase Acct 5921 is being presented as shared cash account between General Fund and all Special Revenue & Restricted Funds
Due to/Due from accounts' balances has been zeroed out. 8 1 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Account Number
6201-0150
Schwab One® Account of
CIT
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OF HID
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HILLS
M
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ELLE
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V
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6165 S
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A 91302-1246
11/29-00000-AC1183011-150250
This Statement YTD
Beginning Value $11,676,700.21 $11,235,158.06
Deposits 0.00 0.00
Withdrawals 0.00 0.00
Dividends and Interest 16,707.02 317,615.05
Transfer of Securities 0.00 0.00
Market Appreciation/(Depreciation) 28,446.78 226,528.73 Expenses 0.00 (57,447.83)
Ending Value $11,721,854.01 $11,721,854.01
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Your Independent Investment Manager
and/or Advisor

BEACON POINTE ADVISORS LLC
24 CORPORATE PLAZA STE 150
NEWPORT BEACH CA 92660-7017
1 (949) 718-1600
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. Your
independent Investment Advisor is not affiliated
with or an agent of Schwab and Schwab does not
supervise or endorse your Advisor.

Managed Account Details
Money Manager
Belle Haven Investments, L.P.

Investment Strategy
Belle Haven Taxable Ladder PLUS
Account Summary
Ending Account Value as of 11/30 Beginning Account Value as of 11/01 $11,721,854.01 $11,676,700.21
Online Assistance
Visit us online at schwab.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Dec'23 Jan'24 Feb Mar Apr May Jun Jul Aug Sep Oct Nov
$11.18M
$11.31M
$11.43M
$11.55M
$11.67M
$11.80M
ATTACHMENT 1
2 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
i
Asset Allocation
This Period Current Allocation
Cash and Cash Investments 47,066.94 <1%
Fixed Income 11,674,787.07 100%
Total $11,721,854.01 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
76913CBA6 RIVERSIDE CNTY 558,560.10 5%
12953CAX3 CALEXICO CALIF 349,472.65 3%
3130ATCL9 FHLB 294,923.01 3%
86459ADN9 LAKE ELSINORE CA 264,550.00 2%
801096AV0 SANTA ANA CALIF 255,548.80 2%
.

Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This
Period

0.00 0.00 0.00
b

40.27 0.00 40.27
b
YTD 868.76 0.00 868.76 2,010.54 0.00 2,010.54
Unrealized $101,555.32,
b
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases.

Please login to your account at Schwab.com for real-time gain/loss information. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.
i
Income Summary
This Period YTD
Federal Tax Status Tax-Exempt
1 Taxable Tax-Exempt1 Taxable
Bank Sweep Interest 0.00 11.89 0.00 668.44
Corporate Bond and
Other Interest

0.00 1,821.90 0.00 48,192.19
Municipal Bond
Interest

0.00 14,623.23 927.60 235,936.81
Agency Security
Interest

0.00 250.00 0.00 31,890.01
Total Income $0.00 $16,707.02 $927.60 $316,687.45
Accrued Interest
Paid 4

0.00 (2,691.64) 0.00 (32,495.35)
1 Certain income in this category may qualify for state tax exemption; consult your tax advisor 4 Certain accrued interest paid on taxable bonds may be deductible; consult your tax advisor 3 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Positions - Summary
Beginning Value
as of 11/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 11/30 Cost Basis
Unrealized
Gain/(Loss)
$11,676,700.21 $0.00 $0.00 $16,707.02 $28,446.78 $11,721,854.01 $11,573,274.50 $101,555.32 b
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Bank Sweep Bank Sweep,
X,Z 28,705.53 47,066.94 18,361.41 0.10% <1%
Total Cash and Cash Investments $28,705.53 $47,066.94 $18,361.41 <1% Positions - Fixed Income
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
3130ATCL9
FHLB
Moodys: Aaa S&P: AA+

4.125% 12/19/24 295,000.0000 99.97390 294,923.01 293,987.50 293,987.50
935.51 4.29% 12,168.75 5,475.94 3%
3134GXUY8
FHLMC
Moodys: Aaa S&P: AA+

3.6% 06/15/26 185,000.0000 99.15370 183,434.35 184,975.76 184,975.76
(1,541.41) 3.58% 6,660.00 3,071.00 2%
3133ERNS6
FFCB
Moodys: Aaa S&P: AA+
CALLABLE 08/12/25 AT 100.00000

4.62% 08/12/27 200,000.0000 99.78100 199,562.00 200,020.00 200,020.00
(458.00) 4.62% 9,240.00 2,797.67 2%
86944BAF0 SUTTER HEALTH
Moodys: A1 S&P: A+
CALLABLE 05/15/25 AT 100.00000

1.321% 08/15/25 35,000.0000 97.36240 34,076.84 32,047.00 32,047.00
2,029.84 N/A y 462.35 136.14 <1%
442851AP6 HOWARD UNIVERSI
Moodys: NR S&P: AA

1.991% 10/01/25 250,000.0000 96.58100 241,452.50 250,003.10 250,018.47
(8,550.60)
b 1.99% 4,977.50 829.58 2%
797440BH6 SAN DIEGO GAS & ELE
Moodys: A1 S&P: A

6.0% 06/01/26 15,000.0000 101.79220 15,268.83 16,396.28 18,408.75
(1,127.45)
b 1.27% 900.00 450.00 <1%
10103DAA4 BOSTON MEDICAL
Moodys: Baa2 S&P: BBB

4.519% 07/01/26 100,000.0000 98.49000 98,490.00 104,666.81 110,659.45
(6,176.81)
b 2.12% 4,519.00 1,882.92 <1%
78349AAA1 RWJBARNABAS HEA
Moodys: A1 S&P: AA2.954% 07/01/26 185,000.0000 96.88660 179,240.21 176,391.00 176,391.00
2,849.21 5.13% 5,464.90 2,277.04 2%
4 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Positions - Fixed Income (continued)
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
442851AQ4 HOWARD UNIVERSI
Moodys: NR S&P: AA

2.291% 10/01/26 25,000.0000 93.40110 23,350.28 25,030.66 25,084.75
(1,680.38)
b 2.23% 572.75 95.46 <1%
442851AH4 HOWARD UNIVERSI
Moodys: NR S&P: AA

2.657% 10/01/26 10,000.0000 93.99220 9,399.22 10,086.98 10,220.60
(687.76)
b 2.21% 265.70 44.28 <1%
03040WAN5 AMERICAN WATER CAPI
Moodys: Baa1 S&P: A
CALLABLE 09/01/26 AT 100.00000

3.0% 12/01/26 15,000.0000 96.60040 14,490.06 15,356.80
15,674.90
(866.74)
b 2.02% 450.00 225.00 <1%
842434CW0 SOCAL GAS CO
Moodys: A2 S&P: A
CALLABLE 03/15/27 AT 100.00000

2.95% 04/15/27 260,000.0000 96.35170 250,514.42 258,779.41 258,779.41
(8,264.99) 3.05% 7,670.00 980.06 2%
784710AA3 SSM HEALTH CARE
Moodys: WR S&P: A+
CALLABLE 03/01/27 AT 100.00000

3.823% 06/01/27 150,000.0000 98.27230 147,408.45 145,068.05 145,068.05
2,340.40 N/A y 5,734.50 2,867.25 1%
63743HFT4 NTNL RURAL UTILI
Moodys: A2 S&P: ACALLABLE 08/16/27 AT 100.00000

4.12% 09/16/27 85,000.0000 99.13010 84,260.59 85,014.25 85,014.25
(753.66) 4.11% 3,502.00 729.58 <1%
20268JAK9 COMMONSPIRIT HE
Moodys: A3 S&P: ACALLABLE 08/01/27 AT 100.00000

6.073% 11/01/27 60,000.0000 103.72500 62,235.00 61,142.61 61,314.90
1,092.39
b 5.38% 3,643.80 303.65 <1%
17108JAA1 CHRISTUS HOPKIN
Moodys: A1 S&P: A+
CALLABLE 04/01/28 AT 100.00000

4.341% 07/01/28 100,000.0000 100.78690 100,786.90 96,278.50 96,278.50
4,508.40 5.19% 4,341.00 1,808.75 <1%
58942HAC5 MERCY HEALTH
Moodys: A2 S&P: A+
CALLABLE 01/01/28 AT 100.00000

4.302% 07/01/28 124,000.0000 98.72630 122,420.61 123,061.30 123,061.30
(640.69) 4.51% 5,334.48 2,222.70 1%
007589AA2 ADVOCATE HEALTH
Moodys: Aa3 S&P: AA
CALLABLE 05/15/28 AT 100.00000

3.829% 08/15/28 50,000.0000 97.66480 48,832.40 47,923.00 47,923.00
909.40 4.75% 1,914.50 563.71 <1%
91412NBH2

THE UNIVERSITY
Moodys: Aa2 S&P: AA4.947% 04/01/29 110,000.0000 103.33190 113,665.09 110,013.08 110,020.00
3,652.01
b 4.94% 5,441.70 906.95 <1%
63743HFS6 NTNL RURAL UTILI
Moodys: A2 S&P: ACALLABLE 05/15/29 AT 100.00000

5.15% 06/15/29 125,000.0000 102.18750 127,734.38 129,856.67 129,856.67
(2,122.29) 4.24% 6,437.50 3,594.27 1%
743820AA0 PROVIDENCE ST.

Moodys: A2 S&P: A
CALLABLE 07/01/29 AT 100.00000

2.532% 10/01/29 190,000.0000 90.04370 171,083.03 170,109.22 170,109.22
973.81 4.96% 4,810.80 801.80 1%
139702BR4 CAPISTRANO CALIF UN
Moodys: NR S&P: AA

3.0% 12/01/24 10,000.0000 100.00000 10,000.00 9,591.60
9,591.60
408.40 6.08% 300.00 150.00 <1%
5 of 22
Statement Period
November 1-30, 2024

3.076% 12/01/24 10,000.0000 100.00000 10,000.00 9,850.10 9,850.10
149.90 6.27% 307.60 153.80 <1%
452674AJ3

IMPERIAL CALIF REDE
Moodys: NR S&P: AA

3.0% 12/01/24 15,000.0000 100.00000 15,000.00 14,508.95 14,508.95
491.05 5.78% 450.00 225.00 <1%
797055DK3 SAN BUENAVENTUR
Moodys: NR S&P: AA

0.852% 01/01/25 20,000.0000 99.70300 19,940.60 18,805.00 18,805.00
1,135.60 5.91% 170.40 71.00 <1%
430034AZ1 HIGHLAND CALIF REDE
Moodys: NR S&P: AA

3.0% 02/01/25 25,000.0000 99.70100 24,925.25 24,434.10
24,434.10
491.15 N/A y 750.00 250.00 <1%
86459ADM1

LAKE ELSINORE C
Moodys: NR S&P: AA

1.175% 03/01/25 15,000.0000 99.12500 14,868.75 14,487.20 14,487.20
381.55 6.01% 176.25 44.06 <1%
358184QJ1

FRESNO CALIF JT
Moodys: A1 S&P: AA

3.48% 04/01/25 20,000.0000 99.63200 19,926.40 19,237.20 19,237.20
689.20 N/A y 696.00 116.00 <1%
365471AE1 GARDENA CALIF P
Moodys: NR S&P: AA1.702% 04/01/25 50,000.0000 99.03900 49,519.50 46,901.50 46,901.50
2,618.00 6.07% 851.00 141.83 <1%
757696AF6 REDONDO BEACH C
Moodys: NR S&P: AA

3.125% 05/01/25 10,000.0000 99.44000 9,944.00 9,645.50
9,645.50
298.50 5.65% 312.50 26.04 <1%
91412HGE7 UNIVERSITY CALI
Moodys: Aa2 S&P: AA
CALLABLE 04/15/25 AT 100.00000

0.883% 05/15/25 75,000.0000 98.41100 73,808.25 73,456.75 73,456.75
351.50 N/A y 662.25 29.43 <1%
91412GT54 UNIVERSITY CALIF
Moodys: Aa2 S&P: AA

3.05% 05/15/25 45,000.0000 99.37100 44,716.95 43,484.85 43,484.85
1,232.10 N/A y 1,372.50 61.00 <1%
13032UXM5 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA0.952% 06/01/25 20,000.0000 98.24100 19,648.20 18,980.00 18,980.00
668.20 N/A y 190.40 95.20 <1%
13032UC22 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA2.991% 06/01/25 20,000.0000 99.29000 19,858.00 19,669.20 19,669.20
188.80 5.17% 598.20 299.10 <1%
30421TAG9

FAIRFIELD CALIF
Moodys: NR S&P: AA

3.648% 06/01/25 10,000.0000 99.61400 9,961.40 9,632.50
9,632.50
328.90 5.21% 364.80 182.40 <1%
420514AG6 HAWTHORNE CALIF
Moodys: Aa3 S&P: AA

2.438% 06/01/25 15,000.0000 98.92900 14,839.35 14,105.90 14,105.90
733.45 5.92% 365.70 182.85 <1%
612285AE6 MONTEBELLO CALI
Moodys: NR S&P: AA

2.503% 06/01/25 80,000.0000 99.02800 79,222.40 77,746.02 78,962.85
1,476.38
b N/A y 2,002.40 1,001.20 <1%
6 of 22
Statement Period
November 1-30, 2024

5.0% 06/01/25 10,000.0000 100.04200 10,004.20 9,794.80
9,794.80
209.40 6.32% 500.00 250.00 <1%
80168ABZ9 SANTA CLARA VY
Moodys: Aa1 S&P: NR

2.782% 06/01/25 65,000.0000 99.12100 64,428.65 63,509.40 63,509.40
919.25 5.32% 1,808.30 904.15 <1%
899154AX6

TULARE CNTY CALI
Moodys: Aa2 S&P: AA3.71% 06/01/25 70,000.0000 99.55700 69,689.90 67,865.40 67,865.40
1,824.50 5.70% 2,597.00 1,298.50 <1%
933002AB3 WALNUT VY CALIF
Moodys: NR S&P: AA+

0.762% 06/01/25 15,000.0000 98.23400 14,735.10 13,847.45 13,847.45
887.65 5.55% 114.30 57.15 <1%
006797CG7 ADELANTO CALIF
Moodys: NR S&P: AA

3.875% 07/01/25 35,000.0000 99.56300 34,847.05 34,356.40 34,356.40
490.65 N/A y 1,356.25 565.10 <1%
03255LJB6 ANAHEIM CALIF P
Moodys: A1 S&P: AA

0.936% 07/01/25 95,000.0000 97.92900 93,032.55 94,000.28 94,011.76
(967.73)
b N/A y 889.20 370.50 <1%
18978DAE1 COACHELLA CALIF
Moodys: NR S&P: AA1.584% 07/01/25 20,000.0000 98.24000 19,648.00 18,761.80 18,761.80
886.20 N/A y 316.80 132.00 <1%
91412GU94 UNIVERSITY CALI
Moodys: Aa2 S&P: AA
CALLABLE 04/01/25 AT 100.00000

3.063% 07/01/25 150,000.0000 99.21700 148,825.50 148,467.58 148,467.58
357.92 N/A y 4,594.50 1,914.38 1%
170466AG1 CHOWCHILLA CALIF
Moodys: NR S&P: AA3.44% 07/15/25 10,000.0000 99.24200 9,924.20 9,758.70 9,758.70
165.50 5.89% 344.00 129.96 <1%
12953CAX3 CALEXICO CALIF
Moodys: NR S&P: AA

2.483% 08/01/25 355,000.0000 98.44300 349,472.65 353,680.22 353,695.91
(4,207.57)
b N/A y 8,814.65 2,938.22 3%
14575TDZ2 CARSON CALIF RE
Moodys: NR S&P: AA

1.288% 08/01/25 100,000.0000 97.80000 97,800.00 100,003.92 100,019.09
(2,203.92)
b 1.28% 1,288.00 429.33 <1%
168520QD9 CHICO CALIF UNI
Moodys: Aa3 S&P: NR

0.95% 08/01/25 10,000.0000 97.70800 9,770.80 8,943.70
8,943.70
827.10 5.02% 95.00 31.67 <1%
212204EZ0 CONTRA COSTA CA
Moodys: Aa1 S&P: AA+

5.882% 08/01/25 5,000.0000 100.91300 5,045.65 5,004.08
5,008.00

41.57 b 5.80% 294.10 98.03 <1%
345102PG6

FOOTHILL-DE ANZ
Moodys: Aaa S&P: AAA

0.906% 08/01/25 40,000.0000 97.71200 39,084.80 36,775.60 36,775.60
2,309.20 N/A y 362.40 120.80 <1%
400559AH3 GUADALUPE CALIF CMN
Moodys: NR S&P: AA

3.0% 08/01/25 65,000.0000 98.84000 64,246.00 62,383.05
62,383.05
1,862.95 N/A y 1,950.00 650.00 <1%
7 of 22
Statement Period
November 1-30, 2024

3.566% 08/01/25 30,000.0000 99.31400 29,794.20 29,108.60 29,108.60
685.60 N/A y 1,069.80 356.60 <1%
446222UR0 HUNTINGTON BEAC
Moodys: NR S&P: AA0.908% 08/01/25 95,000.0000 97.68100 92,796.95 87,642.50 87,642.50
5,154.45 N/A y 862.60 287.53 <1%
457110MH4

INGLEWOOD CALIF
Moodys: Baa1 S&P: AA

1.213% 08/01/25 10,000.0000 97.67300 9,767.30 9,180.10
9,180.10
587.20 6.07% 121.30 40.43 <1%
518021UX6

LAS VIRGENES CA
Moodys: Aa1 S&P: AA5.536% 08/01/25 5,000.0000 100.73500 5,036.75 4,978.55 4,978.55

58.20 5.95% 276.80 92.27 <1%
54148TAR7

LOMA LINDA CALIF
Moodys: NR S&P: AA

2.75% 08/01/25 10,000.0000 98.71700 9,871.70 9,437.11
9,402.10
434.59
b 6.23% 275.00 91.67 <1%
542433ND5

LONG BEACH CALI
Moodys: Aa2 S&P: AA5.914% 08/01/25 35,000.0000 100.66600 35,233.10 35,058.67 35,098.08
174.43
b N/A y 2,069.90 689.97 <1%
677765GW3 OHLONE CALIF CM
Moodys: Aa1 S&P: NR

1.975% 08/01/25 50,000.0000 98.39600 49,198.00 47,153.20 47,153.20
2,044.80 N/A y 987.50 329.17 <1%
692020T59 OXNARD CALIF SCH
Moodys: NR S&P: AA

0.99% 08/01/25 95,000.0000 97.76600 92,877.70 87,391.50 87,391.50
5,486.20 5.32% 940.50 313.50 <1%
73208PBF7 POMONA CALIF PENSIO
Moodys: NR S&P: AA4.0% 08/01/25 65,000.0000 99.56800 64,719.20 66,542.40 72,352.62
(1,823.20)
b 1.60% 2,600.00 866.67 <1%
762494QB1 RIALTO CALIF UNI
Moodys: Aa3 S&P: AA
CALLABLE 02/01/25 AT 100.00000

5.28% 08/01/25 55,000.0000 100.05700 55,031.35 54,983.73 54,951.08

47.62 b 5.32% 2,904.00 968.00 <1%
779631JY7 ROWLAND CALIF U
Moodys: Aa2 S&P: NR

0.946% 08/01/25 10,000.0000 97.64200 9,764.20 9,490.00
9,490.00
274.20 5.56% 94.60 31.53 <1%
786091AG3 SACRAMENTO CNTY
Moodys: A1 S&P: AA

7.25% 08/01/25 10,000.0000 101.64500 10,164.50 10,142.56 10,318.60

21.94 b 5.76% 725.00 241.67 <1%
79770GJB3 SAN FRAN CALIF
Moodys: NR S&P: AA

1.561% 08/01/25 45,000.0000 98.10200 44,145.90 41,645.05 41,645.05
2,500.85 N/A y 702.45 234.15 <1%
798063GU1 SAN JOAQUIN CAL
Moodys: Aa2 S&P: NR

0.883% 08/01/25 90,000.0000 97.70300 87,932.70 82,639.10 82,639.10
5,293.60 5.71% 794.70 264.90 <1%
798170AH9 SAN JOSE CALIF
Moodys: NR S&P: AA

3.076% 08/01/25 100,000.0000 99.04900 99,049.00 97,645.58 97,645.58
1,403.42 N/A y 3,076.00 1,025.33 <1%
8 of 22
Statement Period
November 1-30, 2024

2.9% 08/01/25 25,000.0000 99.03200 24,758.00 23,748.00
23,748.00
1,010.00 5.46% 725.00 241.67 <1%
82626SAD2 SIERRA CNTY CALI
Moodys: NR S&P: AA1.76% 08/01/25 15,000.0000 98.10400 14,715.60 14,069.00 14,069.00
646.60 5.86% 264.00 88.00 <1%
924397DE9 VERNON CALIF ELE
Moodys: A1 S&P: AA

4.65% 08/01/25 145,000.0000 100.02400 145,034.80 145,000.00 162,252.27

34.80 b 2.35% 6,742.50 2,247.50 1%
358266CC6

FRESNO CNTY CALIF P
Moodys: Baa3 S&P: AA
08/15/25 245,000.0000 96.66500 236,829.25 235,387.73
219,535.95
1,441.52
b N/A y 0.00 0.00 2%
066616AJ2 BANNING CALIF R
Moodys: NR S&P: AA

2.805% 09/01/25 20,000.0000 98.77100 19,754.20 19,177.90 19,177.90
576.30 N/A y 561.00 140.25 <1%
169548FL3 CHINO CALIF PUB
Moodys: NR S&P: AA

1.453% 09/01/25 55,000.0000 97.71900 53,745.45 52,042.80 52,042.80
1,702.65 N/A y 799.15 199.79 <1%
235839DS3 DANA POINT CALI
Moodys: NR S&P: AA

1.418% 09/01/25 200,000.0000 97.41400 194,828.00 200,004.16 200,020.00
(5,176.16)
b 1.42% 2,836.00 709.00 2%
283321AJ6 EL MONTE CALIF C
Moodys: NR S&P: AA

3.25% 09/01/25 70,000.0000 98.96900 69,278.30 67,759.70 67,759.70
1,518.60 5.98% 2,275.00 568.75 <1%
57419RK87 MARYLAND ST CMN
Moodys: Aa1 S&P: NR

3.353% 09/01/25 20,000.0000 99.13100 19,826.20 19,978.40 19,978.40
(152.20) 3.39% 670.60 167.65 <1%
612496AX7 MONTEREY CNTY CA
Moodys: A2 S&P: AA2.65% 09/01/25 20,000.0000 98.47900 19,695.80 19,274.00 19,274.00
421.80 3.82% 530.00 132.50 <1%
61741GAD2 MORGAN HILL CAL
Moodys: NR S&P: AA

0.961% 09/01/25 10,000.0000 97.25600 9,725.60 9,132.50
9,132.50
593.10 5.88% 96.10 24.03 <1%
76246PBV9 RIALTO CALIF RE
Moodys: NR S&P: AA

4.524% 09/01/25 15,000.0000 99.80000 14,970.00 14,750.45 14,750.45
219.55 5.15% 678.60 169.65 <1%
786087BX3 SACRAMENTO CALI
Moodys: NR S&P: AA

1.128% 09/01/25 15,000.0000 97.62600 14,643.90 13,857.50 13,857.50
786.40 4.67% 169.20 42.30 <1%
79730WBN9 SAN DIEGO CALIF
Moodys: NR S&P: AA

3.125% 09/01/25 25,000.0000 99.00300 24,750.75 23,767.00 23,767.00
983.75 5.87% 781.25 195.31 <1%
92440HAC1 VERNON CALIF RE
Moodys: NR S&P: AA

3.891% 09/01/25 50,000.0000 99.34200 49,671.00 48,934.00 48,934.00
737.00 5.72% 1,945.50 486.38 <1%
9 of 22
Statement Period
November 1-30, 2024

LAKE ELSINORE C
Moodys: NR S&P: AA

1.153% 09/02/25 35,000.0000 97.35000 34,072.50 32,757.25 32,757.25
1,315.25 5.81% 403.55 99.77 <1%
032556EZ1 ANAHEIM CALIF H
Moodys: NR S&P: AA+

1.725% 10/01/25 20,000.0000 97.76000 19,552.00 19,428.00 19,428.00
124.00 4.60% 345.00 57.50 <1%
13034AD80 CALIFORNIA INFR
Moodys: NR S&P: BBB+

3.026% 10/01/25 10,000.0000 98.18300 9,818.30 9,387.60
9,387.60
430.70 5.85% 302.60 50.43 <1%
79876CBE7 SAN MARCOS CALI
Moodys: NR S&P: AA4.016% 10/01/25 20,000.0000 99.53200 19,906.40 19,334.00 19,334.00
572.40 5.41% 803.20 133.87 <1%
861398CJ2 STOCKTON CALIF
Moodys: NR S&P: AA

2.464% 10/01/25 10,000.0000 98.23500 9,823.50 9,401.70
9,401.70
421.80 5.43% 246.40 41.07 <1%
87047SAJ9 SWEETWATER CALIF
Moodys: NR S&P: AA

ESCROWED TO MATURITY

2.89% 10/01/25 30,000.0000 98.48400 29,545.20 28,256.70 28,256.70
1,288.50 N/A y 867.00 144.50 <1%
452650JK1

IMPERIAL CALIF
Moodys: NR S&P: AA2.632% 11/01/25 15,000.0000 98.35200 14,752.80 14,076.35 14,076.35
676.45 5.83% 394.80 32.90 <1%
607802CA1 MODESTO CALIF W
Moodys: NR S&P: AA

0.985% 11/01/25 40,000.0000 96.93800 38,775.20 37,247.10 37,247.10
1,528.10 N/A y 394.00 32.83 <1%
81888TAJ2 SHAFTER CALIF C
Moodys: NR S&P: AA

3.375% 11/01/25 20,000.0000 98.65900 19,731.80 19,010.50 19,010.50
721.30 N/A y 675.00 56.25 <1%
899124MF5

TULARE CALIF SW
Moodys: NR S&P: AA

1.458% 11/15/25 20,000.0000 97.20200 19,440.40 18,487.20 18,487.20
953.20 N/A y 291.60 12.96 <1%
13067WRC8 CALIFORNIA ST DE
Moodys: Aa1 S&P: AAA

0.79% 12/01/25 20,000.0000 96.57200 19,314.40 17,992.20 17,992.20
1,322.20 5.75% 158.00 79.00 <1%
14915TAW1 CATHEDRAL CITY
Moodys: NR S&P: AA

3.303% 12/01/25 20,000.0000 98.71100 19,742.20 18,929.20 18,929.20
813.00 5.79% 660.60 330.30 <1%
85473TBF1 STANTON CALIF RE
Moodys: NR S&P: AA

3.25% 12/01/25 10,000.0000 98.66000 9,866.00 9,601.80
9,601.80
264.20 5.44% 325.00 162.50 <1%
672319CF5 OAKLAND CALIF P
Moodys: Aa1 S&P: AA+

4.676% 12/15/25 105,000.0000 100.04500 105,047.25 197,528.00 197,528.00
2,562.00 5.23% 9,352.00 4,312.31 <1%
797055DL1 SAN BUENAVENTUR
Moodys: NR S&P: AA

1.169% 01/01/26 65,000.0000 96.59100 62,784.15 58,930.15 58,930.15
3,854.00 5.63% 759.85 316.60 <1%
10 of 22
Statement Period
November 1-30, 2024

1.111% 02/01/26 115,000.0000 96.27700 110,718.55 103,948.95 103,948.95
6,769.60 5.49% 1,277.65 425.88 <1%
796714DH3 SAN BERNARDINO
Moodys: A1 S&P: AA

8.253% 02/01/26 30,000.0000 101.92800 30,578.40 31,204.48 32,583.57
(626.08)
b N/A y 2,475.90 825.30 <1%
76913CBA6 RIVERSIDE CNTY
Moodys: Aa2 S&P: AA

2.863% 02/15/26 570,000.0000 97.99300 558,560.10 569,302.98 577,260.03
(10,742.88)
b N/A y 16,319.10 4,805.07 5%
86459ADN9

LAKE ELSINORE CA
Moodys: NR S&P: AA

1.55% 03/01/26 275,000.0000 96.20000 264,550.00 275,005.38 275,020.00
(10,455.38)
b 1.55% 4,262.50 1,065.63 2%
485428ZX7 KANSAS ST DEV F
Moodys: Aa3 S&P: AA

5.371% 05/01/26 115,000.0000 100.72300 115,831.45 115,471.53 116,067.31
359.92
b 5.08% 6,176.65 514.72 <1%
757696AG4 REDONDO BEACH CA
Moodys: NR S&P: AA

3.25% 05/01/26 40,000.0000 98.36000 39,344.00 38,947.36 39,498.60
396.64
b N/A y 1,300.00 108.33 <1%
683042AK1 ONTARIO CALIF I
Moodys: NR S&P: AA

2.998% 05/15/26 40,000.0000 98.08100 39,232.40 37,753.90 37,753.90
1,478.50 N/A y 1,199.20 53.30 <1%
91412HDN0 UNIVERSITY CALI
Moodys: Aa3 S&P: AA3.806% 05/15/26 10,000.0000 99.09500 9,909.50 9,592.00 9,592.00
317.50 5.43% 380.60 16.92 <1%
05822KAG5 BALDWIN PK CALI
Moodys: NR S&P: AA3.351% 06/01/26 40,000.0000 98.14000 39,256.00 38,081.15 38,081.15
1,174.85 N/A y 1,340.40 670.20 <1%
612285AF3 MONTEBELLO CALIF
Moodys: NR S&P: AA

2.83% 06/01/26 20,000.0000 97.66200 19,532.40 19,589.75 19,980.60
(57.35)
b N/A y 566.00 283.00 <1%
691875DD7 OXNARD CALIF FI
Moodys: NR S&P: AA

2.618% 06/01/26 10,000.0000 97.37200 9,737.20 9,486.30
9,486.30
250.90 5.44% 261.80 130.90 <1%
765761BM2 RIDGECREST CALIF CT
Moodys: NR S&P: AA

5.0% 06/01/26 10,000.0000 100.17900 10,017.90 10,032.31 10,047.70
(14.41)
b 4.83% 500.00 250.00 <1%
769036BF0 RIVERSIDE CALIF PEN
Moodys: NR S&P: AA

3.0% 06/01/26 15,000.0000 97.92000 14,688.00 14,355.65
14,355.65
332.35 5.33% 450.00 225.00 <1%
80168ACA3 SANTA CLARA VY
Moodys: Aa1 S&P: NR

2.852% 06/01/26 50,000.0000 97.70700 48,853.50 48,674.50 48,674.50
179.00 4.67% 1,426.00 713.00 <1%
80168FMF0 SANTA CLARA VY
Moodys: Aa1 S&P: NR
CALLABLE 12/01/25 AT 100.00000

3.259% 06/01/26 15,000.0000 98.22000 14,733.00 14,149.10 14,149.10
583.90 5.45% 488.85 244.43 <1%
11 of 22
Statement Period
November 1-30, 2024

4.0% 07/01/26 20,000.0000 99.09900 19,819.80 19,241.20
19,241.20
578.60 5.48% 800.00 333.33 <1%
03255LJC4 ANAHEIM CALIF P
Moodys: A1 S&P: AA

1.186% 07/01/26 10,000.0000 94.93100 9,493.10 8,812.00
8,812.00
681.10 5.75% 118.60 49.42 <1%
03255LKA6 ANAHEIM CALIF P
Moodys: A1 S&P: AA

1.893% 07/01/26 110,000.0000 95.70400 105,274.40 107,619.68 107,619.68
(2,345.28) N/A y 2,082.30 867.63 <1%
036717MP8 ANTELOPE VALLEY
Moodys: Aa3 S&P: NR

2.546% 08/01/26 15,000.0000 96.99300 14,548.95 14,259.95 14,259.95
289.00 5.03% 381.90 127.30 <1%
12953CAY1 CALEXICO CALIF
Moodys: NR S&P: AA

2.651% 08/01/26 50,000.0000 96.53900 48,269.50 46,605.45 46,605.45
1,664.05 N/A y 1,325.50 441.83 <1%
14916YDB2 CATHEDRAL CITY
Moodys: NR S&P: AA

1.845% 08/01/26 15,000.0000 95.49600 14,324.40 13,457.90 13,457.90
866.50 5.50% 276.75 92.25 <1%
15722TJR3 CHABOT-LAS POSIT
Moodys: Aa2 S&P: AA

1.08% 08/01/26 55,000.0000 94.82100 52,151.55 48,462.35 48,462.35
3,689.20 5.68% 594.00 198.00 <1%
189342L89 CLOVIS CALIF UN
Moodys: NR S&P: AA

1.365% 08/01/26 20,000.0000 95.27400 19,054.80 19,109.60 19,109.60
(54.80) 2.43% 273.00 91.00 <1%
245278EB8 DEL NORTE CNTY C
Moodys: NR S&P: AA

2.49% 08/01/26 10,000.0000 96.98200 9,698.20 9,251.70
9,251.70
446.50 5.13% 249.00 83.00 <1%
423542RU5 HEMET CALIF UNI
Moodys: NR S&P: AA

1.18% 08/01/26 55,000.0000 94.90300 52,196.65 48,750.00 48,750.00
3,446.65 5.21% 649.00 216.33 <1%
503651AG6

LA MESA CALIF CT
Moodys: A1 S&P: NR
CALLABLE 02/01/25 AT 100.00000

6.32% 08/01/26 10,000.0000 100.12500 10,012.50 10,012.79 10,018.33
(0.29)
b 6.25% 632.00 210.67 <1%
567830BU7 MARIN CNTY CALIF
Moodys: Aaa S&P: AAA

5.41% 08/01/26 15,000.0000 101.04500 15,156.75 14,978.10 14,978.10
178.65 5.46% 811.50 270.50 <1%
677765GX1 OHLONE CALIF CM
Moodys: Aa1 S&P: NR

2.095% 08/01/26 35,000.0000 96.34000 33,719.00 32,935.63 32,935.63
783.37 5.06% 733.25 244.42 <1%
73208PBG5 POMONA CALIF PE
Moodys: NR S&P: AA2.474% 08/01/26 65,000.0000 96.61500 62,799.75 61,901.94 62,012.20
897.81
b N/A y 1,608.10 536.03 <1%
797272QR5 SAN DIEGO CALIF
Moodys: Aa1 S&P: AAA

2.299% 08/01/26 25,000.0000 96.91200 24,228.00 23,176.25 23,176.25
1,051.75 4.87% 574.75 191.58 <1%
12 of 22
Statement Period
November 1-30, 2024

2.481% 08/01/26 100,000.0000 97.15500 97,155.00 94,825.00 94,825.00
2,330.00 5.11% 2,481.00 827.00 <1%
797398EJ9 SAN DIEGO CNTY
Moodys: Aaa S&P: AAA

6.029% 08/15/26 55,000.0000 101.50000 55,825.00 55,679.45 55,679.45
145.55 5.27% 3,315.95 976.36 <1%
22972PCK6 CUCAMONGA VY CAL
Moodys: NR S&P: AA+

3.55% 09/01/26 150,000.0000 98.69200 148,038.00 142,457.00 142,457.00
5,581.00 5.44% 5,325.00 1,331.25 1%
235839DT1 DANA POINT CALI
Moodys: NR S&P: AA

1.691% 09/01/26 35,000.0000 94.64500 33,125.75 31,599.45 31,599.45
1,526.30 N/A y 591.85 147.96 <1%
767027DP7 RIO CALIF ELEM S
Moodys: NR S&P: AA

2.66% 09/01/26 15,000.0000 96.39800 14,459.70 13,697.30 13,697.30
762.40 5.80% 399.00 99.75 <1%
79730WBC3 SAN DIEGO CALIF
Moodys: NR S&P: AA
CALLABLE 09/01/25 AT 100.00000

3.75% 09/01/26 15,000.0000 98.85900 14,828.85 14,273.00 14,273.00
555.85 5.59% 562.50 140.63 <1%
79772EAJ8 SAN FRAN CALIF C
Moodys: NR S&P: NR

3.25% 09/01/26 5,000.0000 97.86400 4,893.20 4,582.15
4,582.15
311.05 6.15% 162.50 40.63 <1%
798736AB0 SAN LUIS UNIT/W
Moodys: NR S&P: AA

1.828% 09/01/26 30,000.0000 95.66500 28,699.50 30,133.66 30,316.70
(1,434.16)
b 1.60% 548.40 137.10 <1%
861361AD5 STOCKTON CALIF
Moodys: A1 S&P: AA
CALLABLE 03/01/25 AT 100.00000

5.675% 09/01/26 15,000.0000 100.06800 15,010.20 15,003.20 15,004.05

7.00 b 5.66% 851.25 212.81 <1%
91857RBF9 VACAVILLE CALIF
Moodys: NR S&P: AA2.956% 09/01/26 10,000.0000 97.13100 9,713.10 9,429.40 9,429.40
283.70 5.30% 295.60 73.90 <1%
953321AE6 WEST HOLLYWOOD
Moodys: NR S&P: AA1.245% 09/01/26 20,000.0000 94.29500 18,859.00 20,006.71 20,016.67
(1,147.71)
b 1.23% 249.00 62.25 <1%
10727XVH8 BRENTWOOD CALIF
Moodys: NR S&P: AA

3.616% 09/02/26 35,000.0000 98.22300 34,378.05 33,022.20 33,022.20
1,355.85 5.73% 1,265.60 312.88 <1%
13063DRD2 CALIFORNIA ST
Moodys: Aa2 S&P: AA2.375% 10/01/26 125,000.0000 96.59800 120,747.50 119,614.34 120,534.00
1,133.16
b N/A y 2,968.75 494.79 1%
196480KT3 COLORADO HSG &
Moodys: Aaa S&P: AAA

1.609% 10/01/26 20,000.0000 94.98300 18,996.60 19,454.80 19,454.80
(458.20) 2.23% 321.80 53.63 <1%
13 of 22
Statement Period
November 1-30, 2024

7.46 b 4.51% 687.50 57.29 <1%
76913DFX0 RIVERSIDE CNTY
Moodys: NR S&P: AA1.474% 11/01/26 85,000.0000 94.80700 80,585.95 82,650.87 82,660.00
(2,064.92)
b N/A y 1,252.90 104.41 <1%
87972DBF8

TEMECULA CALIF
Moodys: NR S&P: AA

3.125% 12/15/26 135,000.0000 97.00200 130,952.70 131,250.96 131,194.41
(298.26)
b 4.49% 4,218.75 1,945.31 1%
658909N51 NORTH DAKOTA ST
Moodys: Aa1 S&P: NR

3.913% 01/01/27 40,000.0000 98.87800 39,551.20 40,009.97 40,016.67
(458.77)
b 0.00% 1,565.20 652.17 <1%
672240WK0 OAKLAND CALIF
Moodys: Aa1 S&P: AA+

1.83% 01/15/27 30,000.0000 95.02800 28,508.40 27,780.80 27,780.80
727.60 4.95% 549.00 207.40 <1%
764464AE3 RICHMOND CALIF
Moodys: NR S&P: AA4.334% 01/15/27 50,000.0000 99.44600 49,723.00 48,554.90 48,554.90
1,168.10 N/A y 2,167.00 818.64 <1%
428061EF8 HESPERIA CALIF
Moodys: NR S&P: AA

1.887% 02/01/27 25,000.0000 94.06300 23,515.75 23,078.90 23,078.90
436.85 N/A y 471.75 157.25 <1%
73209MAJ6 POMONA CALIF RED
Moodys: NR S&P: A+

3.98% 02/01/27 50,000.0000 98.71700 49,358.50 48,939.00 48,939.00
419.50 4.77% 1,990.00 663.33 <1%
196480B89 COLORADO HSG & F
Moodys: Aaa S&P: AAA

3.62% 05/01/27 115,000.0000 98.06500 112,774.75 115,009.45 115,020.00
(2,234.70)
b 3.62% 4,163.00 346.92 <1%
683042BD6 ONTARIO CALIF I
Moodys: NR S&P: AA

1.875% 05/15/27 40,000.0000 94.30700 37,722.80 38,250.00 38,250.00
(527.20) N/A y 750.00 33.33 <1%
91412GXD2 UNIVERSITY CALI
Moodys: Aa2 S&P: AA

3.409% 05/15/27 10,000.0000 97.83900 9,783.90 9,823.50
9,823.50
(39.60) 4.12% 340.90 15.15 <1%
83866PAH6 SOUTH LAKE TAHOE CA
Moodys: NR S&P: AA+

4.0% 06/01/27 70,000.0000 99.26700 69,486.90 67,282.37
67,282.37
2,204.53 5.03% 2,800.00 1,400.00 <1%
899154AZ1

TULARE CNTY CAL
Moodys: Aa2 S&P: AA3.959% 06/01/27 25,000.0000 98.67700 24,669.25 23,743.90 23,743.90
925.35 N/A y 989.75 494.88 <1%
56042RJ60 MAINE HEALTH &
Moodys: Aa3 S&P: AA

1.659% 07/01/27 10,000.0000 93.09600 9,309.60 9,720.50
9,720.50
(410.90) 2.21% 165.90 69.13 <1%
797355L77 SAN DIEGO CALIF
Moodys: Aa2 S&P: AA5.26% 07/01/27 100,000.0000 101.52200 101,522.00 100,950.24 101,102.00
571.76
b N/A y 5,260.00 2,191.67 <1%
14 of 22
Statement Period
November 1-30, 2024

1.951% 07/01/27 65,000.0000 94.45400 61,395.10 63,272.55 63,272.55
(1,877.45) N/A y 1,268.15 528.40 <1%
03667PFR8 ANTELOPE VALLEY
Moodys: Aa2 S&P: AA

3.378% 08/01/27 45,000.0000 97.65200 43,943.40 43,329.35 43,329.35
614.05 4.70% 1,520.10 506.70 <1%
697511FE8 PALOMAR CALIF C
Moodys: Aa2 S&P: AA

1.419% 08/01/27 25,000.0000 92.72700 23,181.75 23,061.25 23,061.25
120.50 4.21% 354.75 118.25 <1%
796711F46 SAN BERNARDINO
Moodys: A1 S&P: AA

1.661% 08/01/27 10,000.0000 93.13800 9,313.80 9,242.80
9,242.80

71.00 4.62% 166.10 55.37 <1%
797272QS3 SAN DIEGO CALIF
Moodys: Aa1 S&P: AAA

2.407% 08/01/27 235,000.0000 95.55000 224,542.50 211,892.87 211,892.87
12,649.63 5.28% 5,656.45 1,885.48 2%
22972PCL4 CUCAMONGA VY CALI
Moodys: NR S&P: AA+

3.6% 09/01/27 10,000.0000 98.23500 9,823.50 9,597.60
9,597.60
225.90 4.98% 360.00 90.00 <1%
79772EAK5 SAN FRAN CALIF C
Moodys: NR S&P: NR

3.25% 09/01/27 15,000.0000 96.83400 14,525.10 14,087.45 14,087.45
437.65 5.35% 487.50 121.88 <1%
801096AV0 SANTA ANA CALIF
Moodys: NR S&P: AA

3.967% 09/01/27 260,000.0000 98.28800 255,548.80 247,352.32 247,352.32
8,196.48 N/A y 10,314.20 2,578.55 2%
525654BZ1

LEMON GROVE CAL
Moodys: NR S&P: AA
CALLABLE 04/01/25 AT 100.50000

3.965% 10/01/27 85,000.0000 98.24200 83,505.70 85,013.70 85,013.70
(1,508.00) 3.96% 3,370.25 561.71 <1%
365471AH4 GARDENA CALIF P
Moodys: NR S&P: AA2.663% 04/01/28 30,000.0000 94.29700 28,289.10 27,245.90 27,245.90
1,043.20 N/A y 798.90 133.15 <1%
544445T82

LOS ANGELES CAL
Moodys: NR S&P: NR

ESCROWED TO MATURITY

1.625% 05/15/28 15,000.0000 89.64000 13,446.00 13,252.70 13,252.70
193.30 5.01% 243.75 10.83 <1%
13032UC55 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA3.378% 06/01/28 15,000.0000 96.79500 14,519.25 14,118.05 14,118.05
401.20 5.06% 506.70 253.35 <1%
798153NH1 SAN JOSE CALIF
Moodys: Aa2 S&P: AA

1.712% 06/01/28 45,000.0000 91.50800 41,178.60 39,675.35 39,675.35
1,503.25 5.01% 770.40 385.20 <1%
80181PHD2 SANTA CRUZ CNTY
Moodys: NR S&P: AA+

4.82% 06/01/28 225,000.0000 100.78000 226,755.00 225,020.00 225,020.00
1,735.00 4.82% 10,845.00 4,850.13 2%
250375LB6 DESERT CALIF CMNTY
Moodys: Aa1 S&P: AA

3.0% 08/01/28 250,000.0000 95.70900 239,272.50 238,482.25 238,482.25
790.25 4.27% 7,500.00 2,500.00 2%
15 of 22
Statement Period
November 1-30, 2024

3.555% 08/01/28 15,000.0000 96.84700 14,527.05 14,395.40 14,395.40
131.65 4.67% 533.25 177.75 <1%
732098FF0 POMONA CALIF UNI
Moodys: Aa3 S&P: NR

5.09% 08/01/28 165,000.0000 100.89900 166,483.35 164,930.90 164,930.90
1,552.45 5.10% 8,398.50 2,799.50 1%
54465AGU0

LOS ANGELES CNTY
Moodys: Aa2 S&P: AA
CALLABLE 09/01/26 AT 100.00000

2.75% 09/01/28 40,000.0000 93.96800 37,587.20 36,656.00 36,656.00
931.20 5.01% 1,100.00 275.00 <1%
92440HAF4 VERNON CALIF RE
Moodys: NR S&P: AA

4.431% 09/01/28 50,000.0000 99.15700 49,578.50 48,823.47 48,823.47
755.03 4.95% 2,215.50 553.88 <1%
13077DQG0 CALIFORNIA ST U
Moodys: Aa2 S&P: AA1.521% 11/01/28 50,000.0000 90.02700 45,013.50 43,309.14 43,309.14
1,704.36 4.91% 760.50 63.38 <1%
13077DUY6 CALIFORNIA ST U
Moodys: Aa2 S&P: AA4.372% 11/01/28 165,000.0000 100.19200 165,316.80 165,018.68 165,018.68
298.12 4.37% 7,213.80 1,843.53 1%
76913DFZ5 RIVERSIDE CNTY
Moodys: NR S&P: AA1.976% 11/01/28 70,000.0000 91.75100 64,225.70 63,923.00 63,923.00
302.70 4.34% 1,383.20 115.27 <1%
77735AAJ6 ROSEDALE-RIO BR
Moodys: NR S&P: AA

1.984% 01/01/29 20,000.0000 91.13000 18,226.00 17,756.30 17,756.30
469.70 N/A y 396.80 165.33 <1%
345105KE9

FOOTHILL / EAST
Moodys: A1 S&P: AA

1.891% 01/15/29 55,000.0000 89.25700 49,091.35 48,530.55 48,530.55
560.80 4.86% 1,040.05 392.91 <1%
154070AH9 CENTRAL MARIN P
Moodys: NR S&P: AAA

1.998% 02/01/29 265,000.0000 90.82600 240,688.90 233,012.20 233,012.20
7,676.70 N/A y 5,294.70 1,764.90 2%
13068XLL1 CALIFORNIA ST P
Moodys: Aa3 S&P: A+

4.879% 04/01/29 95,000.0000 101.50500 96,429.75 95,016.12 95,019.05
1,413.63
b 4.87% 4,635.05 772.51 <1%
80181PHE0 SANTA CRUZ CNTY
Moodys: NR S&P: AA+

4.87% 06/01/29 80,000.0000 101.09500 80,876.00 80,014.44 80,014.44
861.56 4.87% 3,896.00 1,742.38 <1%

OAKLAND CALIF P
Moodys: NR S&P: NR

4.676% 12/15/25 95,000.0000 100.00000 95,000.00 <1%
Total Fixed Income 11,939,000.0000 $11,674,787.07 $101,555.32 $359,982.13 $115,939.54 100% Accrued Income represents the interest that would be received if the fixed income investment was sold prior to the coupon payment.

Yield to Maturity is the annualized rate of return earned if held until maturity date. 16 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Transactions - Summary
Beginning Cash* as of 11/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 11/30 $28,705.53 $0.00 $0.00 ($373,345.61) $375,000.00 $16,707.02 $0.00 $47,066.94 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
11/01 Redemption Full Redemption 13077DQC9 CALIFORNIA ST U 0.563XXX **MATURED**
95,000.00
Redemption Full Redemption 76913DFV4 RIVERSIDE CNTY 0.873XXX **MATURED**
55,000.00
Redemption Full Redemption 79771FFM4 SAN FRAN CALIF 0.723XXX **MATURED**
15,000.00
Redemption Full Redemption 81888TAH6 SHAFTER CALIF CM 3.25XXX **MATURED**
15,000.00
Other
Activity
Redemption 13077DQC9 CALIFORNIA ST U 0.563XXX
**MATURED**
(95,000.0000)
Other
Activity
Redemption 76913DFV4 RIVERSIDE CNTY 0.873XXX
**MATURED**
(55,000.0000)
Other
Activity
Redemption 79771FFM4 SAN FRAN CALIF 0.723XXX
**MATURED**
(15,000.0000)
Other
Activity
Redemption 81888TAH6 SHAFTER CALIF CM 3.25XXX
**MATURED**
(15,000.0000)
Interest Bond Interest 13063BJE3 CALIFORNIA ST 6.875%26 343.75 Interest Bond Interest 13077DQC9 CALIFORNIA ST U 0.563XXX 267.43 Interest Bond Interest 13077DQG0 CALIFORNIA ST U 1.521%28 380.25 Interest Bond Interest 196480B89 COLORADO HSG & F 3.62%27 2,081.50 Interest Bond Interest 20268JAK9 COMMONSPIRIT HE 6.073%27 1,821.90 17 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
11/01 Interest Bond Interest 452650JK1 IMPERIAL CALIF 2.632%25 197.40 Interest Bond Interest 485428ZX7 KANSAS ST DEV F 5.371%26 3,088.33 Interest Bond Interest 607802CA1 MODESTO CALIF W 0.985%25 197.00 Interest Bond Interest 757696AF6 REDONDO BEACH C 3.125%25 156.25 Interest Bond Interest 757696AG4 REDONDO BEACH CA 3.25%26 650.00 Interest Bond Interest 76913DFV4 RIVERSIDE CNTY 0.873XXX 240.08 Interest Bond Interest 76913DFX0 RIVERSIDE CNTY 1.474%26 626.45 Interest Bond Interest 76913DFZ5 RIVERSIDE CNTY 1.976%28 691.60 Interest Bond Interest 79771FFM4 SAN FRAN CALIF 0.723XXX 54.23 Interest Bond Interest 81888TAJ2 SHAFTER CALIF C 3.375%25 337.50 Interest Bond Interest 81888TAH6 SHAFTER CALIF CM 3.25XXX 243.75 11/06 Purchase Bought Prime 428061EF8 HESPERIA CALIF 1.887%27 SCH COPS DUE 02/01/27
10,000.0000 93.1870 69.80 (9,388.50)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $49.80; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00 Purchase Bought Prime 743820AA0 PROVIDENCE ST. 2.532%29 DUE 10/01/29
190,000.0000 89.5240 481.34 (170,576.94)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $467.72; Schwab Prime Broker Fee $10.00; Executing Broker Commission $3.62 11/07 Purchase Bought Prime 77735AAJ6 ROSEDALE-RIO BR 1.984%29 WTR UTIL DUE 01/01/29
10,000.0000 88.8190 89.44 (8,971.34)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $69.44; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00 11/08 Purchase Bought Prime 91412GU94 UNIVERSITY CALI 3.063%25 PUB EDUC DUE 07/01/25
10,000.0000 98.7150 128.06 (9,999.56)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $108.06; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00
11/12 Purchase Bought Prime 006797CG7 ADELANTO CALIF 3.875%25 WRSR UTIL DUE 07/01/25
10,000.0000 99.2070 161.01 (10,081.71)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $141.01; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00
11/13 Purchase Bought Prime 817409N50 SEQUOIA CALIF U 1.951%27 FINL SCH DUE 07/01/27
10,000.0000 93.1450 91.54 (9,406.04)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $71.54; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00 18 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
11/15 Redemption Full Redemption 20775HPC1 CONNECTICUT ST H 0.98XXX **MATURED**
15,000.00
Redemption Full Redemption 20775CS96 CONNECTICUT ST H 3.25XXX **MATURED**
160,000.00
Other
Activity
Redemption 20775HPC1 CONNECTICUT ST H 0.98XXX
**MATURED**
(15,000.0000)
Other
Activity
Redemption 20775CS96 CONNECTICUT ST H 3.25XXX
**MATURED**
(160,000.0000)
Interest Bond Interest 20775HPC1 CONNECTICUT ST H 0.98XXX 73.50 Interest Bond Interest 20775CS96 CONNECTICUT ST H 3.25XXX 2,600.00 Interest Bond Interest 544445T82 LOS ANGELES CAL 1.625%28 121.88 Interest Bond Interest 683042BD6 ONTARIO CALIF I 1.875%27 281.25 Interest Bond Interest 683042AK1 ONTARIO CALIF I 2.998%26 599.60 Interest Bond Interest 899124MF5 TULARE CALIF SW 1.458%25 145.80 Interest Bond Interest 91412HGE7 UNIVERSITY CALI 0.883%25 198.68 Interest Bond Interest 91412GXD2 UNIVERSITY CALI 3.409%27 170.45 Interest Bond Interest 91412HDN0 UNIVERSITY CALI 3.806%26 190.30 Interest Bond Interest 91412GT54 UNIVERSITY CALIF 3.05%25 686.25 11/18 Interest Bank Interest
X,Z BANK INT 101624-111524 11.89
11/19 Purchase Bought Prime 91412HGE7 UNIVERSITY CALI 0.883%25 PUB EDUC DUE 05/15/25
10,000.0000 97.9420 20.98 (9,815.18)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $0.98; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00 Other
Activity
Reorganization 672319CF5 OAKLAND CALIF P 4.676%25 REV LTX DUE 12/15/25
(95,000.0000)
Other
Activity
Reorganization OAKLAND CALIF P 4.676XXX PARTIAL
CALL
95,000.0000
11/20 Purchase Bought Prime 797355L77 SAN DIEGO CALIF 5.26%27 IMPT SCH DUE 07/01/27
10,000.0000 99.9290 223.09 (10,215.99)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $203.09; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00
19 of 22
Statement Period
November 1-30, 2024

Bank Sweep Activity
Date Description Amount Date Description Amount Date Description Amount 11/01 Beginning Balance
X,Z $28,705.53 11/13 BANK TRANSFER TO BROKERAGE (9,406.04) 11/21 BANK TRANSFER TO BROKERAGE (19,634.34) 11/01 BANK CREDIT FROM BROKERAGE
X 93,564.09 11/15 BANK INTERESTX,Z 11.89 11/22 BANK TRANSFER TO BROKERAGE (105,924.76) 11/04 BANK CREDIT FROM BROKERAGE
X 97,813.33 11/15 BANK CREDIT FROM BROKERAGEX 5,067.71 11/25 BANK CREDIT FROM BROKERAGEX 20,250.00 11/06 BANK TRANSFER TO BROKERAGE (179,965.44) 11/18 BANK CREDIT FROM BROKERAGE X 175,000.00 11/27 BANK TRANSFER TO BROKERAGE (9,331.25) 11/07 BANK TRANSFER TO BROKERAGE (8,971.34) 11/19 BANK TRANSFER TO BROKERAGE (9,815.18) 11/30 Ending Balance X,Z $47,066.94
11/08 BANK TRANSFER TO BROKERAGE (9,999.56) 11/20 BANK TRANSFER TO BROKERAGE (10,215.99) 11/29 Interest Rate * Z 0.10%
20 of 22
Statement Period
November 1-30, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Bank Sweep Activity (continued)
Date Description Amount Date Description Amount Date Description Amount 11/12 BANK TRANSFER TO BROKERAGE (10,081.71)
* Your interest period was 10/16/24 - 11/15/24.

Z
Endnotes For Your Account
b When available, Adjusted Cost Basis values are used in Gain or (Loss) calculations. y Yield to Maturity cannot be calculated because there are multiple lots for this position.

X Bank Sweep deposits are held at FDIC-insured Program Banks, which are listed in the Cash Features Disclosure Statement.

Z For the Bank Sweep and Bank Sweep for Benefit Plans features, interest is paid for a period that differs from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period.

Terms and Conditions
GENERAL INFORMATION AND KEY TERMS: This Account statement is furnished solely by Charles Schwab & Co., Inc. ("Schwab") for your Account at Schwab ("Account"). Unless otherwise defined herein, capitalized terms have the same meanings as in your Account Agreement. If you receive any other communication from any source other than Schwab which purports to represent your holdings at Schwab (including balances held at a Depository Institution) you should verify its content with this statement.

Accrued Income: Accrued Income is the sum of the total accrued interest and/or accrued dividends on positions held in your Account, but the interest and/or dividends have not been received into your Account.

Schwab makes no representation that the amounts shown (or any other amount) will be received. Accrued amounts are not covered by SIPC account protection until actually received and held in the Account. AIP (Automatic Investment Plan) Customers: Schwab receives remuneration in connection with certain transactions effected through Schwab. If you participate in a systematic investment program through Schwab, the additional information normally detailed on a trade confirmation will be provided upon request.

Average Daily Balance: Average daily composite of all cash balances that earn interest and all loans from Schwab that are charged interest. Bank Sweep and Bank Sweep for Benefit Plans Features: Schwab acts as your agent and custodian in establishing and maintaining your Deposit Account(s) as a feature of your brokerage Account(s). Deposit accounts held through these bank sweep features constitute direct obligations of one or more FDIC insured banks ("Program Banks") that are not obligations of Schwab.

Funds swept to Program Banks are eligible for deposit insurance from the FDIC up to the applicable limits for each bank for funds held in the same insurable capacity. The balance in the Deposit Accounts can be withdrawn on your order and the proceeds returned to your brokerage Account or remitted to you as provided in your Account Agreement. For information on FDIC insurance and its limits, as well as other important disclosures about the bank sweep feature(s) in your Account(s), please refer to the Cash Features Disclosure Statement available online or from a Schwab representative. Cash: Any Free Credit Balance owed by us to you payable upon demand which, although accounted for on our books of record, is not segregated and may be used in the conduct of this firm's business. Dividend Reinvestment Customers:

Dividend reinvestment transactions were effected by Schwab acting as a principal for its own account, except for the reinvestment of Schwab dividends, for which an independent broker-dealer acted as the buying agent. Further information on these transactions will be furnished upon written request. Gain (or Loss): Unrealized Gain or (Loss) and Realized Gain or (Loss) sections ("Gain/Loss Section(s)") contain a gain or a loss summary of your Account. This information has been provided on this statement at the request of your Advisor, if applicable. This information is not a solicitation or a recommendation to buy or sell. Schwab does not provide tax advice and encourages you to consult with your tax professional. Please view the Cost Basis Disclosure Statement for additional information on how gain (or loss) is calculated and how Schwab reports adjusted cost basis information to the IRS.

Interest: For the Schwab One Interest, Bank Sweep, and Bank Sweep for Benefit Plans features, interest is paid for a period that may differ from the Statement Period. Balances include interest paid as indicated on your statement by Schwab or one or more of its Program Banks. These balances do not include interest that may have accrued during the Statement Period after interest is paid. The interest paid may include interest that accrued in the prior Statement Period. For the Schwab One Interest feature, interest accrues daily from the second-to-last business day of the prior month and is posted on the second-to-last business day of the current month. For the Bank Sweep and Bank Sweep for Benefit Plans features, interest accrues daily from the 16th day of the prior month and is credited/posted on the first business day after the 15th of the current month. If, on any given day, the interest that Schwab calculates for the Free Credit Balances in the Schwab One Interest feature in your brokerage Account is less than $.005, you will not accrue any interest on that day. For balances held at banks affiliated with Schwab in the Bank Sweep and Bank Sweep for Benefit Plans features, interest will accrue even if the amount is less than $.005. Margin Account Customers:

This is a combined statement of your margin account and special memorandum account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the separate account as required by Regulation T is available for your inspection.

Securities purchased on margin are Schwab's collateral for the loan to you. It is important that you fully understand the risks involved in trading securities on margin. These risks include: 1) You can lose more funds than you deposit in the margin account; 2) Schwab can force the sale of securities or other assets in any of your account(s) to maintain the required account equity without contacting you; 3) You are not entitled to choose which assets are liquidated nor are you entitled to an extension of time on a margin call; 4) Schwab can increase its "house" maintenance margin requirements at any time without advance written notice to you. Market Price: The most recent price evaluation available to Schwab on the last business day of the report period, normally the last trade price or bid as of market close. Unpriced securities denote that no market evaluation update is currently available. Price evaluations are obtained from outside parties.

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Terms and Conditions (continued)
Schwab. Schwab can neither validate nor certify the existence of Assets Not Held at Schwab or the accuracy, completeness or timeliness of the information about Assets Not Held at Schwab, whether provided by you or otherwise. Descriptions of Assets Not Held at Schwab may be abbreviated or truncated.

Some securities, especially thinly traded equities in the OTC market or foreign markets, may not report the most current price and are indicated as Stale Priced. Certain Limited Partnerships (direct participation programs) and unlisted Real Estate Investment Trust (REIT) securities, for which you may see a value on your monthly Account statement that reflects the issuer's appraised estimated value, are not listed on a national securities exchange, and are generally illiquid. Even if you are able to sell such securities, the price received may be less than the per share appraised estimated value provided in the account statement.

Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares.

This is the dollar value of your present holdings in your specified Schwab Account or a summary of the Market Value summed over multiple accounts. Non-Publicly Traded Securities: All assets shown on this statement, other than certain direct investments which may be held by a third party, are held in your Account.

Values of certain Non-Publicly Traded Securities may be furnished by a third party as provided by Schwab's Account Agreement. Schwab shall have no responsibility for the accuracy or timeliness of such valuations.

The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests.

Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than ½ of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.

IN CASE OF ERRORS OR DISCREPANCIES: If you find an error or discrepancy relating to your brokerage activity (other than an electronic fund transfer) you must notify us promptly, but no later than 10 days after this statement is sent or made available to you. If this statement shows that we have mailed or delivered security certificate(s) that you have not received, notify Schwab immediately. You may call us at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157. Any oral communications should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). If you do not so notify us, you agree that the statement activity and Account balance are correct for all purposes with respect to those brokerage transactions. IN CASE OF COMPLAINTS: If you have a complaint regarding your Schwab statement, products or services, please write to Client Service & Support at Charles Schwab & Co., Inc., P.O. Box 982603 El Paso, TX 79998-2603, or call customer service at 800-435-4000. (Outside the U.S., call +1-415-667-8400.) If you're a client of an independent investment advisor, call us at 800-515-2157.

Address Changes: If you fail to notify Schwab in writing of any change of address or phone number, you may not receive important notifications about your Account, and trading or other restrictions might be placed on your Account. Additional Information: We are required by law to report to the Internal Revenue Service adjusted cost basis information (if applicable), certain payments to you and credits to your Account during the calendar year. Retain this statement for income tax purposes. A financial statement for your inspection is available at Schwab's offices or a copy will be mailed to you upon written request. Any third-party trademarks appearing herein are the property of their respective owners. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation. © 2024 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC. (O1CUSTNC) (0822-20UL) Schwab Institutional is a division of Charles Schwab & Co., Inc., and provides back office brokerage and related services to independent investment advisors and retirement plan providers. Schwab is a registered broker-dealer and is not affiliated with your Investment Advisor whose name appears on this statement ("Advisors") except in the case of Charles Schwab Investment Advisory, Inc. ("CSIA"), Schwab Wealth Investment Advisory, Inc. ("SWIA"), or an affiliated company that may act as the investment advisor on a fund. Schwab neither endorses nor recommends any particular Advisor or its investment strategy and has no responsibility to monitor trading by any Advisor in your Account. Schwab has not verified any statement accompanying any Advisor's logo appearing on this statement. Not all of these products and services may benefit your Account, and Schwab may provide them to Advisors on the Advisor's commitment to place a certain amount of its clients' assets in brokerage accounts at Schwab within a certain period of time. This commitment could influence an Advisor's recommendation or requirement that its clients establish brokerage accounts at Schwab. For questions about this statement, or if there is a change in your financial situation, investment objectives, or risk profile, please contact your Independent Investment Manager and/or Advisor.

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1 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Account Number
6201-0150
Schwab One® Account of
CIT
Y
OF HID
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N
HILLS
M
G
R: B
ELLE
H
A
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N IN
V
E
S
T
M
E
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T
S
A
T
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E
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A
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6165 S
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C
A 91302-1246
12/31-00000-AC1183012-161421 *3 #1-2-3
This Statement YTD
Beginning Value $11,721,854.01 $11,235,158.06
Deposits 0.00 0.00
Withdrawals 0.00 0.00
Dividends and Interest 40,605.06 358,220.11
Transfer of Securities 0.00 0.00
Market Appreciation/(Depreciation) (7,769.59) 218,759.14 Expenses 0.00 (57,447.83)
Ending Value $11,754,689.48 $11,754,689.48
Account Ending Value reflects the market value of your cash and investments. It does not include pending transactions, unpriced securities or assets held outside Schwab's custody.

Your Independent Investment Manager
and/or Advisor

BEACON POINTE ADVISORS LLC
24 CORPORATE PLAZA STE 150
NEWPORT BEACH CA 92660-7017
1 (949) 718-1600
The custodian of your brokerage account is:

Charles Schwab & Co., Inc. Member SIPC. Your
independent Investment Advisor is not affiliated
with or an agent of Schwab and Schwab does not
supervise or endorse your Advisor.

Managed Account Details
Money Manager
Belle Haven Investments, L.P.

Investment Strategy
Belle Haven Taxable Ladder PLUS
Account Summary
Ending Account Value as of 12/31 Beginning Account Value as of 12/01 $11,754,689.48 $11,721,854.01
Online Assistance
Visit us online at schwab.com
Visit schwab.com/stmt to explore the features
and benefits of this statement.

Jan'24 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$11.22M
$11.33M
$11.45M
$11.56M
$11.68M
$11.79M
ATTACHMENT 2
2 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
$11.75M
Asset Allocation
This Period
Current
Allocation
Cash and Cash Investments 340,317.58 3%
Fixed Income 11,414,371.90 97%
Total $11,754,689.48 100%
i
Top Account Holdings This Period
SYMBOL
CUSIP Description
Market
Value
% of
Accounts
76913CBA6 RIVERSIDE CNTY 559,569.00 5%
12953CAX3 CALEXICO CALIF 350,754.20 3%
Bank Sweep 340,317.58 3%
86459ADN9 LAKE ELSINORE CA 265,716.00 2%
801096AV0 SANTA ANA CALIF 255,730.80 2%
.

Gain or (Loss) Summary
Short-Term (ST) Long-Term (LT)
Gain (Loss) Net Gain (Loss) Net
This
Period

0.00 0.00 0.00
b
1,516.49 0.00 1,516.49
b
YTD 868.76 0.00 868.76 3,527.03 0.00 3,527.03
Unrealized $91,711.70,
b
Values may not reflect all of your gains/losses and may be rounded up to the nearest dollar; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases.

0.00 7,386.87 0.00 55,579.06
Municipal Bond
Interest

0.00 23,798.99 927.60 259,735.80
Agency Security
Interest

0.00 9,414.38 0.00 41,304.39
Total Income $0.00 $40,605.06 $927.60 $357,292.51
Accrued Interest
Paid 4

0.00 (1,285.06) 0.00 (33,780.41)
1 Certain income in this category may qualify for state tax exemption; consult your tax advisor 4 Certain accrued interest paid on taxable bonds may be deductible; consult your tax advisor 3 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
A Message About Your Account

CALIFORNIA RESIDENTS
If your total payments of interest and interest dividends on federally tax-exempt non-California municipal bonds were $10 or greater and you or your Partnership had a California address as of 12/31, Schwab will report this information to the California Franchise Tax Board each tax year, per state statute. (1223-3LZ0) Positions - Summary
Beginning Value
as of 12/01 +
Transfer of
Securities(In/Out) +
Dividends
Reinvested + Cash Activity +
Change in
Market Value =
Ending Value
as of 12/31 Cost Basis
Unrealized
Gain/(Loss)
$11,721,854.01 $0.00 $0.00 $40,605.06 ($7,769.59) $11,754,689.48 $11,322,925.70 $91,711.70 b
Values may not reflect all of your gains/losses; Schwab has provided accurate gain and loss information wherever possible for most investments. Cost basis may be incomplete or unavailable for some of your holdings and may change or be adjusted in certain cases. Statement information should not be used for tax preparation, instead refer to official tax documents. For additional information refer to Terms and Conditions.

Cash and Cash Investments
Type Symbol Description Quantity Price($)
Beginning
Balance($)
Ending
Balance($)
Change in Period
Balance($)
Pending/Unsettled
Cash($)
Interest/
Yield Rate
% of
Acct
Bank Sweep Bank Sweep,
X,Z 47,066.94 340,317.58 293,250.64 0.05% 3%
Total Cash and Cash Investments $47,066.94 $340,317.58 $293,250.64 3% Positions - Fixed Income
Symbol/
CUSIP Description Coupon
Maturity
Date Quantity/Par Price($)
Market
Value($)
Adj Cost Basis/
Orig Cost Basis($)
Unrealized
Gain/(Loss)($)
Yield to
Maturity
Est. Annual
Income($)
Accrued
Income($)
% of
Acct
3134GXUY8
FHLMC
Moodys: Aaa S&P: AA+
CALLABLE 03/15/25 AT 100.00000

3.75% 06/15/26 185,000.0000 99.31710 183,736.64 184,975.76 184,975.76
(1,239.12) 3.58% 6,937.50 308.33 2%
3133ERNS6
FFCB
Moodys: Aaa S&P: AA+
CALLABLE 08/12/25 AT 100.00000

4.62% 08/12/27 200,000.0000 99.70730 199,414.60 200,020.00 200,020.00
(605.40) 4.62% 9,240.00 3,567.67 2%
86944BAF0 SUTTER HEALTH
Moodys: A1 S&P: A+
CALLABLE 05/15/25 AT 100.00000

1.321% 08/15/25 35,000.0000 97.63580 34,172.53 32,047.00 32,047.00
2,125.53 N/A y 462.35 174.67 <1%
442851AP6 HOWARD UNIVERSI
Moodys: NR S&P: AA

1.991% 10/01/25 250,000.0000 96.88320 242,208.00 250,003.10 250,018.47
(7,795.10)
b 1.99% 4,977.50 1,244.38 2%
797440BH6 SAN DIEGO GAS & ELE
Moodys: A1 S&P: A

6.0% 06/01/26 15,000.0000 101.08300 15,162.45 16,050.52 18,408.75
(888.07)
b 1.27% 900.00 75.00 <1%
4 of 22
Statement Period
December 1-31, 2024

4.519% 07/01/26 100,000.0000 98.60650 98,606.50 104,666.81 110,659.45
(6,060.31)
b 2.12% 4,519.00 2,259.50 <1%
78349AAA1 RWJBARNABAS HEA
Moodys: A1 S&P: AA2.954% 07/01/26 185,000.0000 96.62590 178,757.92 176,391.00 176,391.00
2,366.92 5.13% 5,464.90 2,732.45 2%
442851AQ4 HOWARD UNIVERSI
Moodys: NR S&P: AA

2.291% 10/01/26 25,000.0000 93.58200 23,395.50 25,030.66 25,084.75
(1,635.16)
b 2.23% 572.75 143.19 <1%
442851AH4 HOWARD UNIVERSI
Moodys: NR S&P: AA

2.657% 10/01/26 10,000.0000 94.17850 9,417.85 10,086.98 10,220.60
(669.13)
b 2.21% 265.70 66.43 <1%
03040WAN5 AMERICAN WATER CAPI
Moodys: Baa1 S&P: A
CALLABLE 09/01/26 AT 100.00000

3.0% 12/01/26 15,000.0000 96.96460 14,544.69 15,286.87
15,674.90
(742.18)
b 2.02% 450.00 37.50 <1%
842434CW0 SOCAL GAS CO
Moodys: A2 S&P: A
CALLABLE 03/15/27 AT 100.00000

2.95% 04/15/27 260,000.0000 96.24190 250,228.94 258,779.41 258,779.41
(8,550.47) 3.05% 7,670.00 1,619.22 2%
784710AA3 SSM HEALTH CARE
Moodys: WR S&P: A+
CALLABLE 03/01/27 AT 100.00000

3.823% 06/01/27 150,000.0000 97.96130 146,941.95 145,068.05 145,068.05
1,873.90 N/A y 5,734.50 477.88 1%
16876HAA7 CHILDREN'S HEAL
Moodys: Aa3 S&P: NR
CALLABLE 05/15/27 AT 100.00000

3.383% 08/15/27 50,000.0000 96.12500 48,062.50 48,215.33 48,215.33
(152.83) 4.83% 1,691.50 639.01 <1%
63743HFT4 NTNL RURAL UTILI
Moodys: A2 S&P: ACALLABLE 08/16/27 AT 100.00000

4.12% 09/16/27 85,000.0000 98.63000 83,835.50 85,014.25 85,014.25
(1,178.75) 4.11% 3,502.00 1,021.42 <1%
20268JAK9 COMMONSPIRIT HE
Moodys: A3 S&P: ACALLABLE 08/01/27 AT 100.00000

6.073% 11/01/27 60,000.0000 103.06070 61,836.42 61,142.61 61,314.90
693.81
b 5.38% 3,643.80 607.30 <1%
17108JAA1 CHRISTUS HOPKIN
Moodys: A1 S&P: A+
CALLABLE 04/01/28 AT 100.00000

4.341% 07/01/28 100,000.0000 100.19230 100,192.30 96,278.50 96,278.50
3,913.80 5.19% 4,341.00 2,170.50 <1%
58942HAC5 MERCY HEALTH
Moodys: A2 S&P: A+
CALLABLE 01/01/28 AT 100.00000

4.302% 07/01/28 124,000.0000 97.90710 121,404.80 123,061.30 123,061.30
(1,656.50) 4.51% 5,334.48 2,667.24 1%
007589AA2 ADVOCATE HEALTH
Moodys: Aa3 S&P: AA
CALLABLE 05/15/28 AT 100.00000

3.829% 08/15/28 50,000.0000 96.55600 48,278.00 47,923.00 47,923.00
355.00 4.75% 1,914.50 723.26 <1%
91412NBH2

THE UNIVERSITY
Moodys: Aa2 S&P: AA4.947% 04/01/29 110,000.0000 100.36510 110,401.61 110,013.08 110,020.00
388.53
b 4.94% 5,441.70 1,360.43 <1%
5 of 22
Statement Period
December 1-31, 2024

5.15% 06/15/29 125,000.0000 101.09660 126,370.75 129,641.07 129,856.67
(3,270.32)
b 4.24% 6,437.50 286.11 1%
743820AA0 PROVIDENCE ST.

Moodys: A2 S&P: A
CALLABLE 07/01/29 AT 100.00000

2.532% 10/01/29 190,000.0000 89.38400 169,829.60 170,109.22 170,109.22
(279.62) 4.96% 4,810.80 1,202.70 1%
797055DK3 SAN BUENAVENTUR
Moodys: NR S&P: AA

0.852% 01/01/25 20,000.0000 100.00000 20,000.00 18,805.00 18,805.00
1,195.00 5.91% 170.40 85.20 <1%
430034AZ1 HIGHLAND CALIF REDE
Moodys: NR S&P: AA

3.0% 02/01/25 25,000.0000 99.87600 24,969.00 24,434.10
24,434.10
534.90 N/A y 750.00 312.50 <1%
86459ADM1

LAKE ELSINORE C
Moodys: NR S&P: AA

1.175% 03/01/25 15,000.0000 99.45000 14,917.50 14,487.20 14,487.20
430.30 6.01% 176.25 58.75 <1%
358184QJ1

FRESNO CALIF JT
Moodys: A1 S&P: AA

3.48% 04/01/25 20,000.0000 99.75700 19,951.40 19,237.20 19,237.20
714.20 N/A y 696.00 174.00 <1%
365471AE1 GARDENA CALIF P
Moodys: NR S&P: AA1.702% 04/01/25 50,000.0000 99.31300 49,656.50 46,901.50 46,901.50
2,755.00 6.07% 851.00 212.75 <1%
757696AF6 REDONDO BEACH C
Moodys: NR S&P: AA

3.125% 05/01/25 10,000.0000 99.59600 9,959.60 9,645.50
9,645.50
314.10 5.65% 312.50 52.08 <1%
91412HGE7 UNIVERSITY CALI
Moodys: Aa2 S&P: AA
CALLABLE 04/15/25 AT 100.00000

0.883% 05/15/25 75,000.0000 98.70500 74,028.75 73,456.75 73,456.75
572.00 N/A y 662.25 84.62 <1%
91412GT54 UNIVERSITY CALIF
Moodys: Aa2 S&P: AA

3.05% 05/15/25 45,000.0000 99.48800 44,769.60 43,484.85 43,484.85
1,284.75 N/A y 1,372.50 175.38 <1%
13032UXM5 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA0.952% 06/01/25 20,000.0000 98.63300 19,726.60 18,980.00 18,980.00
746.60 N/A y 190.40 15.87 <1%
13032UC22 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA2.991% 06/01/25 20,000.0000 99.40600 19,881.20 19,669.20 19,669.20
212.00 5.17% 598.20 49.85 <1%
30421TAG9

FAIRFIELD CALIF
Moodys: NR S&P: AA

3.648% 06/01/25 10,000.0000 99.73300 9,973.30 9,632.50
9,632.50
340.80 5.21% 364.80 30.40 <1%
420514AG6 HAWTHORNE CALIF
Moodys: Aa3 S&P: AA

2.438% 06/01/25 15,000.0000 99.15400 14,873.10 14,105.90 14,105.90
767.20 5.92% 365.70 30.48 <1%
612285AE6 MONTEBELLO CALI
Moodys: NR S&P: AA

2.503% 06/01/25 80,000.0000 99.24500 79,396.00 77,543.12 78,962.85
1,852.88
b N/A y 2,002.40 166.87 <1%
6 of 22
Statement Period
December 1-31, 2024

5.0% 06/01/25 10,000.0000 100.08800 10,008.80 9,794.80
9,794.80
214.00 6.32% 500.00 41.67 <1%
80168ABZ9 SANTA CLARA VY
Moodys: Aa1 S&P: NR

2.782% 06/01/25 65,000.0000 99.32200 64,559.30 63,509.40 63,509.40
1,049.90 5.32% 1,808.30 150.69 <1%
899154AX6

TULARE CNTY CALI
Moodys: Aa2 S&P: AA3.71% 06/01/25 80,000.0000 99.69700 79,757.60 77,807.70 77,807.70
1,949.90 N/A y 2,968.00 247.33 <1%
933002AB3 WALNUT VY CALIF
Moodys: NR S&P: AA+

0.762% 06/01/25 15,000.0000 98.58400 14,787.60 13,847.45 13,847.45
940.15 5.55% 114.30 9.53 <1%
006797CG7 ADELANTO CALIF
Moodys: NR S&P: AA

3.875% 07/01/25 35,000.0000 99.70000 34,895.00 34,356.40 34,356.40
538.60 N/A y 1,356.25 678.13 <1%
03255LJB6 ANAHEIM CALIF P
Moodys: A1 S&P: AA

0.936% 07/01/25 95,000.0000 98.29500 93,380.25 94,000.28 94,011.76
(620.03)
b N/A y 889.20 444.60 <1%
18978DAE1 COACHELLA CALIF
Moodys: NR S&P: AA1.584% 07/01/25 20,000.0000 98.56200 19,712.40 18,761.80 18,761.80
950.60 N/A y 316.80 158.40 <1%
91412GU94 UNIVERSITY CALI
Moodys: Aa2 S&P: AA
CALLABLE 04/01/25 AT 100.00000

3.063% 07/01/25 150,000.0000 99.40200 149,103.00 148,467.58 148,467.58
635.42 N/A y 4,594.50 2,297.25 1%
170466AG1 CHOWCHILLA CALIF
Moodys: NR S&P: AA3.44% 07/15/25 10,000.0000 99.42200 9,942.20 9,758.70 9,758.70
183.50 5.89% 344.00 158.62 <1%
12953CAX3 CALEXICO CALIF
Moodys: NR S&P: AA

2.483% 08/01/25 355,000.0000 98.80400 350,754.20 353,680.22 353,695.91
(2,926.02)
b N/A y 8,814.65 3,672.77 3%
14575TDZ2 CARSON CALIF RE
Moodys: NR S&P: AA

1.288% 08/01/25 100,000.0000 98.15600 98,156.00 100,003.92 100,019.09
(1,847.92)
b 1.28% 1,288.00 536.67 <1%
168520QD9 CHICO CALIF UNI
Moodys: Aa3 S&P: NR

0.95% 08/01/25 10,000.0000 98.07600 9,807.60 8,943.70
8,943.70
863.90 5.02% 95.00 39.58 <1%
212204EZ0 CONTRA COSTA CA
Moodys: Aa1 S&P: AA+

5.882% 08/01/25 5,000.0000 100.89900 5,044.95 5,004.08
5,008.00

40.87 b 5.80% 294.10 122.54 <1%
345102PG6

FOOTHILL-DE ANZ
Moodys: Aaa S&P: AAA

0.906% 08/01/25 40,000.0000 98.07900 39,231.60 36,775.60 36,775.60
2,456.00 N/A y 362.40 151.00 <1%
400559AH3 GUADALUPE CALIF CMN
Moodys: NR S&P: AA

3.0% 08/01/25 65,000.0000 99.15300 64,449.45 62,383.05
62,383.05
2,066.40 N/A y 1,950.00 812.50 <1%
7 of 22
Statement Period
December 1-31, 2024

3.566% 08/01/25 30,000.0000 99.41700 29,825.10 29,108.60 29,108.60
716.50 N/A y 1,069.80 445.75 <1%
446222UR0 HUNTINGTON BEAC
Moodys: NR S&P: AA0.908% 08/01/25 95,000.0000 98.05200 93,149.40 87,642.50 87,642.50
5,506.90 N/A y 862.60 359.42 <1%
457110MH4

INGLEWOOD CALIF
Moodys: Baa1 S&P: AA

1.213% 08/01/25 10,000.0000 98.04600 9,804.60 9,180.10
9,180.10
624.50 6.07% 121.30 50.54 <1%
518021UX6

LAS VIRGENES CA
Moodys: Aa1 S&P: AA5.536% 08/01/25 5,000.0000 100.73100 5,036.55 4,978.55 4,978.55

58.00 5.95% 276.80 115.33 <1%
54148TAR7

LOMA LINDA CALIF
Moodys: NR S&P: AA

2.75% 08/01/25 10,000.0000 99.01100 9,901.10 9,439.64
9,402.10
461.46
b 6.23% 275.00 114.58 <1%
542433ND5

LONG BEACH CALI
Moodys: Aa2 S&P: AA5.914% 08/01/25 35,000.0000 100.67100 35,234.85 35,058.67 35,098.08
176.18
b N/A y 2,069.90 862.46 <1%
677765GW3 OHLONE CALIF CM
Moodys: Aa1 S&P: NR

1.975% 08/01/25 50,000.0000 98.67900 49,339.50 47,153.20 47,153.20
2,186.30 N/A y 987.50 411.46 <1%
692020T59 OXNARD CALIF SCH
Moodys: NR S&P: AA

0.99% 08/01/25 95,000.0000 98.12700 93,220.65 87,391.50 87,391.50
5,829.15 5.32% 940.50 391.88 <1%
73208PBF7 POMONA CALIF PENSIO
Moodys: NR S&P: AA4.0% 08/01/25 80,000.0000 99.70800 79,766.40 81,465.20 87,275.42
(1,698.80)
b N/A y 3,200.00 1,333.33 <1%
762494QB1 RIALTO CALIF UNI
Moodys: Aa3 S&P: AA
CALLABLE 02/01/25 AT 100.00000

5.28% 08/01/25 55,000.0000 100.07200 55,039.60 54,985.73 54,951.08

53.87 b 5.32% 2,904.00 1,210.00 <1%
779631JY7 ROWLAND CALIF U
Moodys: Aa2 S&P: NR

0.946% 08/01/25 10,000.0000 98.01800 9,801.80 9,490.00
9,490.00
311.80 5.56% 94.60 39.42 <1%
786091AG3 SACRAMENTO CNTY
Moodys: A1 S&P: AA

7.25% 08/01/25 10,000.0000 101.53000 10,153.00 10,142.56 10,318.60

10.44 b 5.76% 725.00 302.08 <1%
79770GJB3 SAN FRAN CALIF
Moodys: NR S&P: AA

1.561% 08/01/25 45,000.0000 98.42800 44,292.60 41,645.05 41,645.05
2,647.55 N/A y 702.45 292.69 <1%
798063GU1 SAN JOAQUIN CAL
Moodys: Aa2 S&P: NR

0.883% 08/01/25 90,000.0000 98.02100 88,218.90 82,639.10 82,639.10
5,579.80 5.71% 794.70 331.13 <1%
798170AH9 SAN JOSE CALIF
Moodys: NR S&P: AA

3.076% 08/01/25 100,000.0000 99.19600 99,196.00 97,645.58 97,645.58
1,550.42 N/A y 3,076.00 1,281.67 <1%
8 of 22
Statement Period
December 1-31, 2024

2.9% 08/01/25 25,000.0000 99.23700 24,809.25 23,748.00
23,748.00
1,061.25 5.46% 725.00 302.08 <1%
82626SAD2 SIERRA CNTY CALI
Moodys: NR S&P: A

1.76% 08/01/25 15,000.0000 98.39500 14,759.25 14,069.00 14,069.00
690.25 5.86% 264.00 110.00 <1%
924397DE9 VERNON CALIF ELE
Moodys: A1 S&P: AA

4.65% 08/01/25 145,000.0000 100.10900 145,158.05 145,000.00 162,252.27
158.05
b 2.35% 6,742.50 2,809.38 1%
358266CC6

FRESNO CNTY CALIF P
Moodys: Baa3 S&P: AA
08/15/25 245,000.0000 97.14500 238,005.25 236,500.07
219,535.95
1,505.18
b N/A y 0.00 0.00 2%
066616AJ2 BANNING CALIF R
Moodys: NR S&P: AA

2.805% 09/01/25 20,000.0000 98.84200 19,768.40 19,177.90 19,177.90
590.50 N/A y 561.00 187.00 <1%
169548FL3 CHINO CALIF PUB
Moodys: NR S&P: AA

1.453% 09/01/25 55,000.0000 98.06500 53,935.75 52,042.80 52,042.80
1,892.95 N/A y 799.15 266.38 <1%
235839DS3 DANA POINT CALI
Moodys: NR S&P: AA

1.418% 09/01/25 200,000.0000 97.79400 195,588.00 200,004.16 200,020.00
(4,416.16)
b 1.42% 2,836.00 945.33 2%
283321AJ6 EL MONTE CALIF C
Moodys: NR S&P: AA

3.25% 09/01/25 70,000.0000 99.18000 69,426.00 67,759.70 67,759.70
1,666.30 5.98% 2,275.00 758.33 <1%
57419RK87 MARYLAND ST CMN
Moodys: Aa1 S&P: NR

3.353% 09/01/25 20,000.0000 99.33100 19,866.20 19,978.40 19,978.40
(112.20) 3.39% 670.60 223.53 <1%
612496AX7 MONTEREY CNTY CA
Moodys: A2 S&P: AA2.65% 09/01/25 20,000.0000 98.74200 19,748.40 19,274.00 19,274.00
474.40 3.82% 530.00 176.67 <1%
61741GAD2 MORGAN HILL CAL
Moodys: NR S&P: AA

0.961% 09/01/25 10,000.0000 97.74700 9,774.70 9,132.50
9,132.50
642.20 5.88% 96.10 32.03 <1%
76246PBV9 RIALTO CALIF RE
Moodys: NR S&P: AA

4.524% 09/01/25 15,000.0000 100.01600 15,002.40 14,750.45 14,750.45
251.95 5.15% 678.60 226.20 <1%
786087BX3 SACRAMENTO CALI
Moodys: NR S&P: AA

1.128% 09/01/25 15,000.0000 97.98200 14,697.30 13,857.50 13,857.50
839.80 4.67% 169.20 56.40 <1%
79730WBN9 SAN DIEGO CALIF
Moodys: NR S&P: AA

3.125% 09/01/25 25,000.0000 99.18300 24,795.75 23,767.00 23,767.00
1,028.75 5.87% 781.25 260.42 <1%
92440HAC1 VERNON CALIF RE
Moodys: NR S&P: AA

3.891% 09/01/25 50,000.0000 99.60700 49,803.50 48,934.00 48,934.00
869.50 5.72% 1,945.50 648.50 <1%
9 of 22
Statement Period
December 1-31, 2024

LAKE ELSINORE C
Moodys: NR S&P: AA

1.153% 09/02/25 35,000.0000 97.73500 34,207.25 32,757.25 32,757.25
1,450.00 5.81% 403.55 133.40 <1%
032556EZ1 ANAHEIM CALIF H
Moodys: NR S&P: AA+

1.725% 10/01/25 20,000.0000 98.08800 19,617.60 19,428.00 19,428.00
189.60 4.60% 345.00 86.25 <1%
13034AD80 CALIFORNIA INFR
Moodys: NR S&P: BBB+

3.026% 10/01/25 10,000.0000 98.43300 9,843.30 9,387.60
9,387.60
455.70 5.85% 302.60 75.65 <1%
79876CBE7 SAN MARCOS CALI
Moodys: NR S&P: AA4.016% 10/01/25 20,000.0000 99.68600 19,937.20 19,334.00 19,334.00
603.20 5.41% 803.20 200.80 <1%
861398CJ2 STOCKTON CALIF
Moodys: NR S&P: AA

2.464% 10/01/25 10,000.0000 98.51600 9,851.60 9,401.70
9,401.70
449.90 5.43% 246.40 61.60 <1%
87047SAJ9 SWEETWATER CALIF
Moodys: NR S&P: AA

ESCROWED TO MATURITY

2.89% 10/01/25 30,000.0000 98.73800 29,621.40 28,256.70 28,256.70
1,364.70 N/A y 867.00 216.75 <1%
452650JK1

IMPERIAL CALIF
Moodys: NR S&P: AA2.632% 11/01/25 15,000.0000 98.61800 14,792.70 14,076.35 14,076.35
716.35 5.83% 394.80 65.80 <1%
607802CA1 MODESTO CALIF W
Moodys: NR S&P: AA

0.985% 11/01/25 40,000.0000 97.33000 38,932.00 37,247.10 37,247.10
1,684.90 N/A y 394.00 65.67 <1%
81888TAJ2 SHAFTER CALIF C
Moodys: NR S&P: AA

3.375% 11/01/25 20,000.0000 99.01600 19,803.20 19,010.50 19,010.50
792.70 N/A y 675.00 112.50 <1%
899124MF5

TULARE CALIF SW
Moodys: NR S&P: AA

1.458% 11/15/25 20,000.0000 97.56500 19,513.00 18,487.20 18,487.20
1,025.80 N/A y 291.60 37.26 <1%
13067WRC8 CALIFORNIA ST DE
Moodys: Aa1 S&P: AAA

0.79% 12/01/25 20,000.0000 96.89500 19,379.00 17,992.20 17,992.20
1,386.80 5.75% 158.00 13.17 <1%
14915TAW1 CATHEDRAL CITY
Moodys: NR S&P: AA

3.303% 12/01/25 20,000.0000 98.94600 19,789.20 18,929.20 18,929.20
860.00 5.79% 660.60 55.05 <1%
85473TBF1 STANTON CALIF RE
Moodys: NR S&P: AA

3.25% 12/01/25 10,000.0000 98.89900 9,889.90 9,601.80
9,601.80
288.10 5.44% 325.00 27.08 <1%
672319CF5 OAKLAND CALIF P
Moodys: Aa2 S&P: AA+

4.676% 12/15/25 105,000.0000 99.98400 104,983.20 103,702.20 103,702.20
1,281.00 5.23% 4,909.80 218.21 <1%
797055DL1 SAN BUENAVENTUR
Moodys: NR S&P: AA

1.169% 01/01/26 65,000.0000 96.98400 63,039.60 58,930.15 58,930.15
4,109.45 5.63% 759.85 379.93 <1%
10 of 22
Statement Period
December 1-31, 2024

1.111% 02/01/26 115,000.0000 96.66700 111,167.05 103,948.95 103,948.95
7,218.10 5.49% 1,277.65 532.35 <1%
796714DH3 SAN BERNARDINO
Moodys: A1 S&P: AA

8.253% 02/01/26 15,000.0000 101.77000 15,265.50 31,204.48 32,583.57
(673.48)
b N/A y 2,475.90 1,031.63 <1%
76913CBA6 RIVERSIDE CNTY
Moodys: Aa2 S&P: AA

2.863% 02/15/26 570,000.0000 98.17000 559,569.00 569,302.98 577,260.03
(9,733.98)
b N/A y 16,319.10 6,164.99 5%
86459ADN9

LAKE ELSINORE CA
Moodys: NR S&P: AA

1.55% 03/01/26 275,000.0000 96.62400 265,716.00 275,005.38 275,020.00
(9,289.38)
b 1.55% 4,262.50 1,420.83 2%
485428ZX7 KANSAS ST DEV F
Moodys: Aa3 S&P: AA

5.371% 05/01/26 115,000.0000 100.72300 115,831.45 115,471.53 116,067.31
359.92
b 5.08% 6,176.65 1,029.44 <1%
757696AG4 REDONDO BEACH CA
Moodys: NR S&P: AA

3.25% 05/01/26 40,000.0000 98.55300 39,421.20 38,947.36 39,498.60
473.84
b N/A y 1,300.00 216.67 <1%
683042AK1 ONTARIO CALIF I
Moodys: NR S&P: AA

2.998% 05/15/26 40,000.0000 98.27900 39,311.60 37,753.90 37,753.90
1,557.70 N/A y 1,199.20 153.23 <1%
91412GE27 UNIVERSITY CALI
Moodys: Aa2 S&P: AA

2.587% 05/15/26 10,000.0000 97.70000 9,770.00 9,663.40
9,663.40
106.60 5.10% 258.70 33.06 <1%
91412HDN0 UNIVERSITY CALI
Moodys: Aa3 S&P: AA3.806% 05/15/26 10,000.0000 99.23700 9,923.70 9,592.00 9,592.00
331.70 5.43% 380.60 48.63 <1%
05822KAG5 BALDWIN PK CALI
Moodys: NR S&P: AA3.351% 06/01/26 40,000.0000 98.32300 39,329.20 38,081.15 38,081.15
1,248.05 N/A y 1,340.40 111.70 <1%
612285AF3 MONTEBELLO CALIF
Moodys: NR S&P: AA

2.83% 06/01/26 20,000.0000 97.87100 19,574.20 19,528.29 19,980.60

45.91 b N/A y 566.00 47.17 <1%
691875DD7 OXNARD CALIF FI
Moodys: NR S&P: AA

2.618% 06/01/26 10,000.0000 97.59700 9,759.70 9,486.30
9,486.30
273.40 5.44% 261.80 21.82 <1%
765761BM2 RIDGECREST CALIF CT
Moodys: NR S&P: AA

5.0% 06/01/26 10,000.0000 100.25400 10,025.40 10,024.52 10,047.70

0.88 b 4.83% 500.00 41.67 <1%
769036BF0 RIVERSIDE CALIF PEN
Moodys: NR S&P: AA

3.0% 06/01/26 15,000.0000 98.11500 14,717.25 14,355.65
14,355.65
361.60 5.33% 450.00 37.50 <1%
80168ACA3 SANTA CLARA VY
Moodys: Aa1 S&P: NR

2.852% 06/01/26 50,000.0000 97.91500 48,957.50 48,674.50 48,674.50
283.00 4.67% 1,426.00 118.83 <1%
11 of 22
Statement Period
December 1-31, 2024

3.259% 06/01/26 15,000.0000 98.39900 14,759.85 14,149.10 14,149.10
610.75 5.45% 488.85 40.74 <1%
006797CH5 ADELANTO CALIF PUB
Moodys: NR S&P: AA

4.0% 07/01/26 20,000.0000 99.21700 19,843.40 19,241.20
19,241.20
602.20 5.48% 800.00 400.00 <1%
03255LJC4 ANAHEIM CALIF P
Moodys: A1 S&P: AA

1.186% 07/01/26 10,000.0000 95.25700 9,525.70 8,812.00
8,812.00
713.70 5.75% 118.60 59.30 <1%
03255LKA6 ANAHEIM CALIF P
Moodys: A1 S&P: AA

1.893% 07/01/26 110,000.0000 95.99100 105,590.10 107,619.68 107,619.68
(2,029.58) N/A y 2,082.30 1,041.15 <1%
036717MP8 ANTELOPE VALLEY
Moodys: Aa3 S&P: NR

2.546% 08/01/26 15,000.0000 97.18700 14,578.05 14,259.95 14,259.95
318.10 5.03% 381.90 159.13 <1%
12953CAY1 CALEXICO CALIF
Moodys: NR S&P: AA

2.651% 08/01/26 50,000.0000 96.97600 48,488.00 46,605.45 46,605.45
1,882.55 N/A y 1,325.50 552.29 <1%
14916YDB2 CATHEDRAL CITY
Moodys: NR S&P: AA

1.845% 08/01/26 15,000.0000 95.76200 14,364.30 13,457.90 13,457.90
906.40 5.50% 276.75 115.31 <1%
15722TJR3 CHABOT-LAS POSIT
Moodys: Aa2 S&P: AA

1.08% 08/01/26 55,000.0000 95.04700 52,275.85 48,462.35 48,462.35
3,813.50 5.68% 594.00 247.50 <1%
189342L89 CLOVIS CALIF UN
Moodys: NR S&P: AA

1.365% 08/01/26 20,000.0000 95.55100 19,110.20 19,109.60 19,109.60

0.60 2.43% 273.00 113.75 <1%
245278EB8 DEL NORTE CNTY C
Moodys: NR S&P: AA

2.49% 08/01/26 10,000.0000 97.17700 9,717.70 9,251.70
9,251.70
466.00 5.13% 249.00 103.75 <1%
423542RU5 HEMET CALIF UNI
Moodys: NR S&P: AA

1.18% 08/01/26 55,000.0000 95.19800 52,358.90 48,750.00 48,750.00
3,608.90 5.21% 649.00 270.42 <1%
503651AG6

LA MESA CALIF CT
Moodys: A1 S&P: NR
CALLABLE 02/01/25 AT 100.00000

6.32% 08/01/26 10,000.0000 100.13200 10,013.20 10,012.79 10,018.33

0.41 b 6.25% 632.00 263.33 <1%
567830BU7 MARIN CNTY CALIF
Moodys: Aaa S&P: AAA

5.41% 08/01/26 15,000.0000 101.01000 15,151.50 14,978.10 14,978.10
173.40 5.46% 811.50 338.13 <1%
677765GX1 OHLONE CALIF CM
Moodys: Aa1 S&P: NR

2.095% 08/01/26 35,000.0000 96.56600 33,798.10 32,935.63 32,935.63
862.47 5.06% 733.25 305.52 <1%
73208PBG5 POMONA CALIF PE
Moodys: NR S&P: AA2.474% 08/01/26 65,000.0000 96.82700 62,937.55 61,901.94 62,012.20
1,035.61
b N/A y 1,608.10 670.04 <1%
12 of 22
Statement Period
December 1-31, 2024

2.299% 08/01/26 25,000.0000 97.03700 24,259.25 23,176.25 23,176.25
1,083.00 4.87% 574.75 239.48 <1%
79770GGT7 SAN FRAN CALIF CITY
Moodys: NR S&P: AA3.0% 08/01/26 45,000.0000 97.84300 44,029.35 43,022.15 43,022.15
1,007.20 N/A y 1,350.00 562.50 <1%
83412PFN7 SOLANO CALIF CM
Moodys: Aa2 S&P: AA

2.481% 08/01/26 100,000.0000 97.34200 97,342.00 94,825.00 94,825.00
2,517.00 5.11% 2,481.00 1,033.75 <1%
797398EJ9 SAN DIEGO CNTY
Moodys: Aaa S&P: AAA

6.029% 08/15/26 55,000.0000 101.42400 55,783.20 55,679.45 55,679.45
103.75 5.27% 3,315.95 1,252.69 <1%
22972PCK6 CUCAMONGA VY CAL
Moodys: NR S&P: AA+

3.55% 09/01/26 150,000.0000 98.77900 148,168.50 142,457.00 142,457.00
5,711.50 5.44% 5,325.00 1,775.00 1%
235839DT1 DANA POINT CALI
Moodys: NR S&P: AA

1.691% 09/01/26 35,000.0000 94.91800 33,221.30 31,599.45 31,599.45
1,621.85 N/A y 591.85 197.28 <1%
767027DP7 RIO CALIF ELEM S
Moodys: NR S&P: AA

2.66% 09/01/26 15,000.0000 96.58900 14,488.35 13,697.30 13,697.30
791.05 5.80% 399.00 133.00 <1%
79730WBC3 SAN DIEGO CALIF
Moodys: NR S&P: AA
CALLABLE 09/01/25 AT 100.00000

3.75% 09/01/26 15,000.0000 98.87600 14,831.40 14,273.00 14,273.00
558.40 5.59% 562.50 187.50 <1%
79772EAJ8 SAN FRAN CALIF C
Moodys: NR S&P: NR

3.25% 09/01/26 5,000.0000 97.94200 4,897.10 4,582.15
4,582.15
314.95 6.15% 162.50 54.17 <1%
798736AB0 SAN LUIS UNIT/W
Moodys: NR S&P: AA

1.828% 09/01/26 30,000.0000 96.04500 28,813.50 30,133.66 30,316.70
(1,320.16)
b 1.60% 548.40 182.80 <1%
861361AD5 STOCKTON CALIF
Moodys: A1 S&P: AA
CALLABLE 03/01/25 AT 100.00000

5.675% 09/01/26 15,000.0000 100.07200 15,010.80 15,003.20 15,004.05

7.60 b 5.66% 851.25 283.75 <1%
91857RBF9 VACAVILLE CALIF
Moodys: NR S&P: AA2.956% 09/01/26 10,000.0000 97.44500 9,744.50 9,429.40 9,429.40
315.10 5.30% 295.60 98.53 <1%
953321AE6 WEST HOLLYWOOD
Moodys: NR S&P: AA1.245% 09/01/26 20,000.0000 94.73500 18,947.00 20,006.71 20,016.67
(1,059.71)
b 1.23% 249.00 83.00 <1%
10727XVH8 BRENTWOOD CALIF
Moodys: NR S&P: AA

3.616% 09/02/26 35,000.0000 98.33000 34,415.50 33,022.20 33,022.20
1,393.30 5.73% 1,265.60 418.35 <1%
13063DRD2 CALIFORNIA ST
Moodys: Aa2 S&P: AA2.375% 10/01/26 125,000.0000 96.73200 120,915.00 119,614.34 120,534.00
1,300.66
b N/A y 2,968.75 742.19 1%
13 of 22
Statement Period
December 1-31, 2024

1.609% 10/01/26 20,000.0000 95.23700 19,047.40 19,454.80 19,454.80
(407.40) 2.23% 321.80 80.45 <1%
13063BJE3 CALIFORNIA ST
Moodys: Aa2 S&P: AA6.875% 11/01/26 10,000.0000 104.32700 10,432.70 10,447.24 10,767.60
(14.54)
b 4.51% 687.50 114.58 <1%
76913DFX0 RIVERSIDE CNTY
Moodys: NR S&P: AA1.474% 11/01/26 85,000.0000 94.68000 80,478.00 82,650.87 82,660.00
(2,172.87)
b N/A y 1,252.90 208.82 <1%
87972DBF8

TEMECULA CALIF
Moodys: NR S&P: AA

3.125% 12/15/26 135,000.0000 97.05600 131,025.60 131,283.88 131,194.41
(258.28)
b 4.49% 4,218.75 187.50 1%
658909N51 NORTH DAKOTA ST
Moodys: Aa1 S&P: NR

3.913% 01/01/27 40,000.0000 98.88600 39,554.40 40,009.97 40,016.67
(455.57)
b 0.00% 1,565.20 782.60 <1%
672240WK0 OAKLAND CALIF
Moodys: Aa2 S&P: AA+

1.83% 01/15/27 30,000.0000 94.84500 28,453.50 27,780.80 27,780.80
672.70 4.95% 549.00 253.15 <1%
764464AE3 RICHMOND CALIF
Moodys: NR S&P: AA4.334% 01/15/27 50,000.0000 99.37600 49,688.00 48,554.90 48,554.90
1,133.10 N/A y 2,167.00 999.23 <1%
428061EF8 HESPERIA CALIF
Moodys: NR S&P: AA

1.887% 02/01/27 25,000.0000 94.17800 23,544.50 23,078.90 23,078.90
465.60 N/A y 471.75 196.56 <1%
73209MAJ6 POMONA CALIF RED
Moodys: NR S&P: A+

3.98% 02/01/27 50,000.0000 98.75600 49,378.00 48,939.00 48,939.00
439.00 4.77% 1,990.00 829.17 <1%
196480B89 COLORADO HSG & F
Moodys: Aaa S&P: AAA

3.62% 05/01/27 115,000.0000 97.98300 112,680.45 115,009.45 115,020.00
(2,329.00)
b 3.62% 4,163.00 693.83 <1%
683042BD6 ONTARIO CALIF I
Moodys: NR S&P: AA

1.875% 05/15/27 40,000.0000 94.27900 37,711.60 38,250.00 38,250.00
(538.40) N/A y 750.00 95.83 <1%
91412GXD2 UNIVERSITY CALI
Moodys: Aa2 S&P: AA

3.409% 05/15/27 10,000.0000 97.69100 9,769.10 9,823.50
9,823.50
(54.40) 4.12% 340.90 43.56 <1%
83866PAH6 SOUTH LAKE TAHOE CA
Moodys: NR S&P: AA+

4.0% 06/01/27 70,000.0000 99.16000 69,412.00 67,282.37
67,282.37
2,129.63 5.03% 2,800.00 233.33 <1%
899154AZ1

TULARE CNTY CAL
Moodys: Aa2 S&P: AA3.959% 06/01/27 25,000.0000 98.54900 24,637.25 23,743.90 23,743.90
893.35 N/A y 989.75 82.48 <1%
56042RJ60 MAINE HEALTH &
Moodys: Aa3 S&P: AA

1.659% 07/01/27 10,000.0000 93.05000 9,305.00 9,720.50
9,720.50
(415.50) 2.21% 165.90 82.95 <1%
14 of 22
Statement Period
December 1-31, 2024

1.951% 07/01/27 65,000.0000 94.36100 61,334.65 63,272.55 63,272.55
(1,937.90) N/A y 1,268.15 634.08 <1%
03667PFR8 ANTELOPE VALLEY
Moodys: Aa2 S&P: AA

3.378% 08/01/27 45,000.0000 97.36800 43,815.60 43,329.35 43,329.35
486.25 4.70% 1,520.10 633.38 <1%
055022AG2 AZUSA CALIF PEN
Moodys: NR S&P: AA2.268% 08/01/27 10,000.0000 94.11100 9,411.10 9,346.80 9,346.80

64.30 4.92% 226.80 94.50 <1%
697511FE8 PALOMAR CALIF C
Moodys: Aa2 S&P: AA

1.419% 08/01/27 25,000.0000 92.76000 23,190.00 23,061.25 23,061.25
128.75 4.21% 354.75 147.81 <1%
796711F46 SAN BERNARDINO
Moodys: A1 S&P: AA

1.661% 08/01/27 10,000.0000 93.11300 9,311.30 9,242.80
9,242.80

68.50 4.62% 166.10 69.21 <1%
797272QS3 SAN DIEGO CALIF
Moodys: Aa1 S&P: AAA

2.407% 08/01/27 235,000.0000 95.26100 223,863.35 211,892.87 211,892.87
11,970.48 5.28% 5,656.45 2,356.85 2%
22972PCL4 CUCAMONGA VY CALI
Moodys: NR S&P: AA+

3.6% 09/01/27 10,000.0000 97.93800 9,793.80 9,597.60
9,597.60
196.20 4.98% 360.00 120.00 <1%
79772EAK5 SAN FRAN CALIF C
Moodys: NR S&P: NR

3.25% 09/01/27 15,000.0000 96.50800 14,476.20 14,087.45 14,087.45
388.75 5.35% 487.50 162.50 <1%
801096AV0 SANTA ANA CALIF
Moodys: NR S&P: AA

3.967% 09/01/27 260,000.0000 98.35800 255,730.80 247,352.32 247,352.32
8,378.48 N/A y 10,314.20 3,438.07 2%
525654BZ1

LEMON GROVE CAL
Moodys: NR S&P: AA
CALLABLE 04/01/25 AT 100.50000

3.965% 10/01/27 85,000.0000 97.90300 83,217.55 85,013.70 85,013.70
(1,796.15) 3.96% 3,370.25 842.56 <1%
365471AH4 GARDENA CALIF P
Moodys: NR S&P: AA2.663% 04/01/28 30,000.0000 93.83900 28,151.70 27,245.90 27,245.90
905.80 N/A y 798.90 199.73 <1%
544445T82

LOS ANGELES CAL
Moodys: NR S&P: NR

ESCROWED TO MATURITY

1.625% 05/15/28 15,000.0000 89.22000 13,383.00 13,252.70 13,252.70
130.30 5.01% 243.75 31.15 <1%
13032UC55 CALIFORNIA HEAL
Moodys: Aa3 S&P: AA3.378% 06/01/28 15,000.0000 96.28800 14,443.20 14,118.05 14,118.05
325.15 5.06% 506.70 42.23 <1%
798153NH1 SAN JOSE CALIF
Moodys: Aa2 S&P: AA

1.712% 06/01/28 45,000.0000 91.04800 40,971.60 39,675.35 39,675.35
1,296.25 5.01% 770.40 64.20 <1%
15 of 22
Statement Period
December 1-31, 2024

4.82% 06/01/28 225,000.0000 100.54700 226,230.75 225,012.56 225,020.00
1,218.19
b 4.82% 10,845.00 903.75 2%
250375LB6 DESERT CALIF CMNTY
Moodys: Aa1 S&P: AA

3.0% 08/01/28 250,000.0000 95.06800 237,670.00 238,482.25 238,482.25
(812.25) 4.27% 7,500.00 3,125.00 2%
672325F51 OAKLAND CALIF U
Moodys: A1 S&P: ACALLABLE 08/01/27 AT 100.00000

3.555% 08/01/28 15,000.0000 96.08400 14,412.60 14,395.40 14,395.40

17.20 4.67% 533.25 222.19 <1%
732098FF0 POMONA CALIF UNI
Moodys: Aa3 S&P: NR

5.09% 08/01/28 165,000.0000 100.38000 165,627.00 164,930.90 164,930.90
696.10 5.10% 8,398.50 3,499.38 1%
54465AGU0

LOS ANGELES CNTY
Moodys: Aa2 S&P: AA
CALLABLE 09/01/26 AT 100.00000

2.75% 09/01/28 40,000.0000 93.46200 37,384.80 36,656.00 36,656.00
728.80 5.01% 1,100.00 366.67 <1%
92440HAF4 VERNON CALIF RE
Moodys: NR S&P: AA

4.431% 09/01/28 50,000.0000 98.89100 49,445.50 48,823.47 48,823.47
622.03 4.95% 2,215.50 738.50 <1%
010869HT5 ALAMEDA CORRIDOR TR
Moodys: A1 S&P: AA
10/01/28 50,000.0000 83.30500 41,652.50 41,659.37
41,549.33
(6.87)
b 4.93% 0.00 0.00 <1%
13077DQG0 CALIFORNIA ST U
Moodys: Aa2 S&P: AA1.521% 11/01/28 50,000.0000 89.21400 44,607.00 43,309.14 43,309.14
1,297.86 4.91% 760.50 126.75 <1%
13077DUY6 CALIFORNIA ST U
Moodys: Aa2 S&P: AA4.372% 11/01/28 165,000.0000 99.11400 163,538.10 165,018.68 165,018.68
(1,480.58) 4.37% 7,213.80 2,444.68 1%
76913DFZ5 RIVERSIDE CNTY
Moodys: NR S&P: AA1.976% 11/01/28 70,000.0000 90.46600 63,326.20 63,923.00 63,923.00
(596.80) 4.34% 1,383.20 230.53 <1%
77735AAJ6 ROSEDALE-RIO BR
Moodys: NR S&P: AA

1.984% 01/01/29 40,000.0000 90.41600 36,166.40 35,781.30 35,781.30
385.10 N/A y 793.60 396.80 <1%
345105KE9

FOOTHILL / EAST
Moodys: A1 S&P: AA

1.891% 01/15/29 55,000.0000 88.58200 48,720.10 48,530.55 48,530.55
189.55 4.86% 1,040.05 479.58 <1%
154070AH9 CENTRAL MARIN P
Moodys: NR S&P: AAA

1.998% 02/01/29 265,000.0000 90.08400 238,722.60 233,012.20 233,012.20
5,710.40 N/A y 5,294.70 2,206.13 2%
13068XLL1 CALIFORNIA ST P
Moodys: Aa3 S&P: A+

4.879% 04/01/29 95,000.0000 100.43700 95,415.15 95,016.12 95,019.05
399.03
b 4.87% 4,635.05 1,158.76 <1%
80181PHE0 SANTA CRUZ CNTY
Moodys: NR S&P: AA+

4.87% 06/01/29 80,000.0000 100.55500 80,444.00 80,011.28 80,014.44
432.72
b 4.87% 3,896.00 324.67 <1%
16 of 22
Statement Period
December 1-31, 2024

SAN BERNARDINO
Moodys: NR S&P: NR

8.253% 02/01/26 15,000.0000 100.00000 15,000.00 <1%
Total Fixed Income 11,699,000.0000 $11,414,371.90 $91,711.70 $346,735.88 $106,154.90 97% Accrued Income represents the interest that would be received if the fixed income investment was sold prior to the coupon payment.

Yield to Maturity is the annualized rate of return earned if held until maturity date.

Transactions - Summary
Beginning Cash* as of 12/01 + Deposits + Withdrawals + Purchases + Sales/Redemptions + Dividends/Interest + Expenses = Ending Cash* as of 12/31 $47,066.94 $0.00 $0.00 ($172,354.42) $425,000.00 $40,605.06 $0.00 $340,317.58 Other Activity $0.00 Other activity includes transactions which don't affect the cash balance such as stock transfers, splits, etc. *Cash (includes any cash debit balance) held in your account plus the value of any cash invested in a sweep money fund.

Transaction Details
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
12/02 Redemption Full Redemption 139702BR4 CAPISTRANO CALIF UN 3XXX **MATURED**
10,000.00
Redemption Full Redemption 14915TAV3 CATHEDRAL CITY 3.076XXX **MATURED**
10,000.00
Redemption Full Redemption 452674AJ3 IMPERIAL CALIF REDE 3XXX **MATURED**
15,000.00
Other
Activity
Redemption 139702BR4 CAPISTRANO CALIF UN 3XXX
**MATURED**
(10,000.0000)
Other
Activity
Redemption 14915TAV3 CATHEDRAL CITY 3.076XXX
**MATURED**
(10,000.0000)
Other
Activity
Redemption 452674AJ3 IMPERIAL CALIF REDE 3XXX
**MATURED**
(15,000.0000)
Interest Bond Interest 03040WAN5 AMERICAN WATER CAPI 3%26 225.00 17 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Transaction Details (continued)
Date Category Action
Symbol/
CUSIP Description Quantity
Price/Rate
per Share($)
Charges/
Interest($) Amount($)
Realized
Gain/(Loss)($)
12/02 Interest Bond Interest 05822KAG5 BALDWIN PK CALI 3.351%26 670.20 Interest Bond Interest 13032UXM5 CALIFORNIA HEAL 0.952%25 95.20 Interest Bond Interest 13032UC22 CALIFORNIA HEAL 2.991%25 299.10 Interest Bond Interest 13032UC55 CALIFORNIA HEAL 3.378%28 253.35 Interest Bond Interest 13067WRC8 CALIFORNIA ST DE 0.79%25 79.00 Interest Bond Interest 139702BR4 CAPISTRANO CALIF UN 3XXX 150.00 Interest Bond Interest 14915TAV3 CATHEDRAL CITY 3.076XXX 153.80 Interest Bond Interest 14915TAW1 CATHEDRAL CITY 3.303%25 330.30 Interest Bond Interest 30421TAG9 FAIRFIELD CALIF 3.648%25 182.40 Interest Bond Interest 420514AG6 HAWTHORNE CALIF 2.438%25 182.85 Interest Bond Interest 452674AJ3 IMPERIAL CALIF REDE 3XXX 225.00 Interest Bond Interest 612285AE6 MONTEBELLO CALI 2.503%25 1,001.20 Interest Bond Interest 612285AF3 MONTEBELLO CALIF 2.83%26 283.00 Interest Bond Interest 691875DD7 OXNARD CALIF FI 2.618%26 130.90 Interest Bond Interest 765761BL4 RIDGECREST CALIF CT 5%25 250.00 Interest Bond Interest 765761BM2 RIDGECREST CALIF CT 5%26 250.00 Interest Bond Interest 769036BF0 RIVERSIDE CALIF PEN 3%26 225.00 Interest Bond Interest 797440BH6 SAN DIEGO GAS & ELE 6%26 450.00 Interest Bond Interest 798153NH1 SAN JOSE CALIF 1.712%28 385.20 Interest Bond Interest 80168ABZ9 SANTA CLARA VY 2.782%25 904.15 Interest Bond Interest 80168ACA3 SANTA CLARA VY 2.852%26 713.00 Interest Bond Interest 80168FMF0 SANTA CLARA VY 3.259%26 244.43 Interest Bond Interest 80181PHD2 SANTA CRUZ CNTY 4.82%28 4,850.12 Interest Bond Interest 80181PHE0 SANTA CRUZ CNTY 4.87%29 1,742.38 Interest Bond Interest 83866PAH6 SOUTH LAKE TAHOE CA 4%27 1,400.00 Interest Bond Interest 784710AA3 SSM HEALTH CARE 3.823%27 2,867.25 18 of 22
Statement Period
December 1-31, 2024

PARTIAL CALL
15,000.0000
12/12 Purchase Bought Prime 010869HT5 ALAMEDA CORRIDOR TR 0%28 COMB TRAN DUE 10/01/28
50,000.0000 83.0620 18.33 (41,549.33)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $0.00; Schwab Prime Broker Fee $10.00; Executing Broker Commission $8.33 Purchase Bought Prime 899154AX6 TULARE CNTY CALI 3.71%25 GP DUE 06/01/25
10,000.0000 99.2230 31.34 (9,953.64)
Executed by Belle Haven Investments, LP as Agent; Accrued interest $11.34; Schwab Prime Broker Fee $10.00; Executing Broker Commission $10.00 12/16 Redemption OAKLAND CALIF P 4.676XXX PARTIAL
CALL
95,000.00
Other
Activity
Partl Call Redem OAKLAND CALIF P 4.676XXX PARTIAL
CALL
(95,000.0000)
Interest Bank Interest
X,Z BANK INT 111624-121524 4.82
Interest Bond Interest 3134GXUY8 FHLMC 3.75%26 3,330.00 Interest Bond Interest 63743HFS6 NTNL RURAL UTILI 5.15%29 3,844.62 19 of 22
Statement Period
December 1-31, 2024

Bank Sweep Activity
Date Description Amount Date Description Amount Date Description Amount 12/01 Beginning Balance
X,Z $47,066.94 12/15 BANK INTEREST
X,Z 4.82 12/19 BANK CREDIT FROM BROKERAGEX 291,396.55
12/02 BANK CREDIT FROM BROKERAGE
X 19,546.11 12/16 BANK CREDIT FROM BROKERAGEX 95,000.00 12/31 Ending Balance X,Z $340,317.58
12/03 BANK TRANSFER TO BROKERAGE (6,732.58) 12/17 BANK TRANSFER TO BROKERAGE (34,828.56) 12/31 Interest Rate * Z 0.05%
12/12 BANK TRANSFER TO BROKERAGE (51,502.97) 12/18 BANK TRANSFER TO BROKERAGE (19,632.73) * Your interest period was 11/16/24 - 12/15/24.

Z
20 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Endnotes For Your Account
b When available, Adjusted Cost Basis values are used in Gain or (Loss) calculations. y Yield to Maturity cannot be calculated because there are multiple lots for this position.

X Bank Sweep deposits are held at FDIC-insured Program Banks, which are listed in the Cash Features Disclosure Statement.

Schwab shall have no responsibility for the accuracy or timeliness of any such valuations. Assets Not Held at Schwab are not held in your Account or covered by the Account's SIPC account protection and are not otherwise in Schwab's custody and are being provided as a courtesy to you. Information on Assets Not Held at Schwab, including but not limited to valuations, is reported solely based on information you provide to Schwab. Schwab can neither validate nor certify the existence of Assets Not Held at Schwab or the accuracy, completeness or timeliness of the information about Assets Not Held at Schwab, whether provided by you or otherwise. Descriptions of Assets Not Held at Schwab may be abbreviated or truncated.

Market Value: The Market Value is computed by multiplying the Market Price by the Quantity of Shares.

The Securities Investor Protection Corporation (SIPC) does not cover many limited partnership interests. 21 of 22
Statement Period
December 1-31, 2024

CITY OF HIDDEN HILLS
MGR: BELLE HAVEN INVESTMENTS
Schwab One® Account of
Terms and Conditions (continued)
Schwab Sweep Money Funds: Includes the primary money market funds into which Free Credit Balances may be automatically invested pursuant to your Account Agreement. Schwab or an affiliate acts and receives compensation as the Investment Advisor, Shareholder Service Agent and Distributor for the Schwab Sweep Money Funds. The amount of such compensation is disclosed in the prospectus. The yield information for Schwab Sweep Money Funds is the current 7-day yield as of the statement period. Yields vary. If on any given day, the accrued daily dividend for your selected sweep money fund as calculated for your account is less than ½ of 1 cent ($0.005), your account will not earn a dividend for that day. In addition, if you do not accrue at least 1 daily dividend of $0.01 during a pay period, you will not receive a money market dividend for that period. Schwab and the Schwab Sweep Money Funds investment advisor may be voluntarily reducing a portion of a Schwab Sweep Money Fund's expenses. Without these reductions, yields would have been lower. Securities Products and Services: Securities products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Securities products and services, including unswept intraday funds and net credit balances held in brokerage accounts are not deposits or other obligations of, or guaranteed by, any bank, are not FDIC insured, and are subject to investment risk and may lose value. SIPC does not cover balances held at Program Banks in the Bank Sweep and Bank Sweep for Benefit Plans features. Please see your Cash Feature Disclosure Statement for more information on insurance coverage. Yield to Maturity: This is the actual average annual return on a note if held to maturity.

Address Changes: If you fail to notify Schwab in writing of any change of address or phone number, you may not receive important notifications about your Account, and trading or other restrictions might be placed on your Account. Additional Information: We are required by law to report to the Internal Revenue Service adjusted cost basis information (if applicable), certain payments to you and credits to your Account during the calendar year. Retain this statement for income tax purposes. A financial statement for your inspection is available at Schwab's offices or a copy will be mailed to you upon written request. Any third-party trademarks appearing herein are the property of their respective owners. Charles Schwab & Co., Inc., Charles Schwab Bank, Charles Schwab Premier Bank, and Charles Schwab Trust Bank are separate but affiliated companies and subsidiaries of the Charles Schwab Corporation. © 2025 Charles Schwab & Co., Inc. ("Schwab"). All rights reserved. Member SIPC. (O1CUSTNC) (0822-20UL) Schwab Institutional is a division of Charles Schwab & Co., Inc., and provides back office brokerage and related services to independent investment advisors and retirement plan providers. Schwab is a registered broker-dealer and is not affiliated with your Investment Advisor whose name appears on this statement ("Advisors") except in the case of Charles Schwab Investment Advisory, Inc. ("CSIA"), Schwab Wealth Investment Advisory, Inc. ("SWIA"), or an affiliated company that may act as the investment advisor on a fund. Schwab neither endorses nor recommends any particular Advisor or its investment strategy and has no responsibility to monitor trading by any Advisor in your Account. Schwab has not verified any statement accompanying any Advisor's logo appearing on this statement. Not all of these products and services may benefit your Account, and Schwab may provide them to Advisors on the Advisor's commitment to place a certain amount of its clients' assets in brokerage accounts at Schwab within a certain period of time. This commitment could influence an Advisor's recommendation or requirement that its clients establish brokerage accounts at Schwab. For questions about this statement, or if there is a change in your financial situation, investment objectives, or risk profile, please contact your Independent Investment Manager and/or Advisor.

This page intentionally left blank.

Larry G. Weber, Mayor
Joe Loggia, Mayor Pro Tem
Eniko Gold, Council Member
Laura McCorkindale, Council Member
Adam Wasserman, Council Member

TO: Honorable Mayor and City Council
FROM: Gloria Molleda, Interim City Manager
BY: Dirk Lovett, City Engineer
DATE: February 10, 2025
SUBJECT: CITY ENGINEERING AND COMMUNITY DEVELOPMENT MONTHLY REPORT

BACKGROUND
The City Council requested a monthly report to provide updates on major departmental projects.

DISCUSSION
This monthly report provides information and updates on active City Engineering and Community Development projects that either the Council has requested information on or that staff members feel would be of interest.

FISCAL IMPACT
There is no fiscal impact to receiving and filing this report.

RECOMMENDATION
This report is for informational purposes only. It is recommended that the City Council receive and file the attached report. If the City Council concurs, an appropriate motion would be:
"I move to receive and file the City Engineering and Community Development Monthly Report."

ATTACHMENTS

1. Monthly Report – Through the End of January 2025
City Engineering/Community Development
Monthly Report
Through The End Of January 2025
Project/Program Current Status

1. Long Valley Entrance
Improvement Project –
Measure R
The City Council awarded the phase 1 (parking lot) construction bid to CS Legacy on September 28, 2023. Construction began on November 1, 2023. Work has been completed and a ribbon cutting ceremony was held on September 3, 2024. A Notice of Completion was approved by the City on 11/12/24 and the contractor is currently maintaining the landscaping during the required 90 day maintenance period. Phase 2 is still in design and plan review with Caltrans and the City of LA. Staff has been working on an agreement with Boething Treeland regarding the necessary right of way, required by the City of LA. Staff has been informed that Boething Treeland has been sold. The new owner has not yet been disclosed. Per conversations with representatives of Boething and the new owner’s attorney, Boething Treeland Nursery will continue to operate at the site under a rental agreement. The new owners are aware of the right of way situation and they have expressed their support. Staff will now be working with the new owners.

2. Overhead Power Lines
Undergrounding
Construction on the Little Hollow undergrounding project began on November 4. The City’s contractor has completed his work, which includes trenching, conduit, pull boxes, and a retaining wall.

Charter Communications/Spectrum has also completed its work.

The remaining work is to be done by AT&T and SCE, which will pull their wires, install all electronics, and make all connections prior to the removal of poles. Due to delays caused by the recent fires, and availability of their crews, pole removals are anticipated to be completed early to mid-March. SCE and City staff continue to work on the final design for the Jed Smith Road
undergrounding project, between Fitzpatrick and Kit Carson Road.

3. Citywide Fiber At its meeting of April 8, 2024, the City Council rejected construction bids and terminated the City’s fiber to homes project.

Staff continues to work with the Las Virgenes-Malibu COG on an underground fiber network that can be used to interconnect emergency and essential services, City Halls, libraries, schools, and allow effective traffic management and control between the 5 COG cities. The COG hopes to install its fiber as early as this summer.

4. 24314 Long Valley Road No Change - A demolition permit for a single-family residential building was issued on November 21, 2018. A grading permit was issued on April 8, 2019. The lot was subsequently sold. Revised grading and building plans were submitted to the City by the new City Engineering Monthly Report
February 10, 2025

Page 2 of 3 ends

owner. A new grading permit was issued on January 7, 2022 and a new building permit was issued on February 11, 2022.

Construction recommenced in April 2022. Building construction is ongoing.

5. Housing Element City consultant John Douglas prepared and submitted a draft Housing Element update for the 2021-2029 planning period to HCD in November 2021, and again in April of 2023. While HCD stated that the drafts addressed many statutory requirements, revisions were still necessary. Jon Douglas subsequently retired.

On September 11, 2023 the Council entered into an agreement with consultant Kimley-Horn to complete the Housing Element.

Kimley-Horn addressed HCD’s comments and resubmitted a draft to HCD in April 2024. HCD responded in June that there are still some items remaining to be addressed. Kimley-Horn has
subsequently met with HCD and, again, updated the Housing Element. This update has been posted on the City’s website, and a notice has been circulated to interested parties for comment.

The Housing Element will be resubmitted to HCD this month.

6. Mureau Road Landscaping No Change - The City Council approved a conceptual plan and selected L. Newman Design Group to design landscaping
improvements at the northeast and northwest corners of the Round Meadow Road/Mureau Road intersection. Design work was roughly 50% complete. The HHCA Landscape Committee
subsequently requested revisions to the design concept. At its meeting of May 24, 2021, the City Council directed the landscape designer to work with the HHCA Landscape Committee and
Camille Mugrdechian-Armen (MA Studios) in preparing alternative concepts and profile renderings. The Council subcommittee has subsequently directed staff to terminate the City’s agreement with L Newman, and to request a proposal from MA Studios for the design work. MA Studios and City staff are currently working on the proposal and agreement. As portions of this landscaping are not on City property, staff will continue to work with the School District and the County of Los Angeles to obtain permits and easements. At the direction of the Fire Department, the gazebo and all redwood furniture has been removed from the site.

7. Commercial and
Affordable Housing
Development Standards
No Change - City staff is working with the City’s planning consultant on the development of standards for affordable housing, and updating the Commercial development standards.

Work is on hold until HCD approves the City’s Housing element.

8. General Plan Update No Change - City staff is working with the City’s planning consultant on the City’s General Plan Update. Work is on hold until HCD approves the City’s Housing element.

City Engineering Monthly Report
February 10, 2025

Page 3 of 3 ends

9. 24877 Old Eldorado
Meadow Road
No Change - This is one of the properties that has high pressure gas lines running through it. Following review and approval from the Gas Company and the City, permits were issued for building demolition, grading, and a building permit for new single family residence (April 2024). Construction is ongoing. For safety purposes, SCG is required to be on site for any work withing 10’ of the high pressure gas lines.

10. 5949 Spring Valley Road The HHCA, City, and SCG have reviewed and approved grading plans for a new single family residence at 5949 Spring Valley Road.

This is another lot with two high pressure gas lines traversing it. SCG has provided their requirements for all work within the vicinity of the gas lines. A SCG inspector is required to be on site during any work within their easement. The existing building has been demolished and a grading permit has been issued.

11. Boething Treeland
Equestrian and Pedestrian
Trail Agreements
No Change - Boething Treeland’s application to the City of LA for a mixed use development project remains active. Plans on the City of LA’s website indicate that the mitigation and excess parcels on the site (previously agreed to remain undeveloped) are not currently proposed for building construction. The City of Hidden Hills continues to work with the City of LA to resolve unspent funds for proposed trails.

Note: Any changes to projects that were listed in last month’s report are highlighted.

City of Hidden Hills
Annual Financial Report of its
Proposition A Local Return Fund
Proposition C Local Return Fund
Measure R Local Return Fund
Measure M Local Return Fund
Transportation Development Act Article 3 Fund
As of and for the Years Ended June 30, 2024 and 2023
with Independent Auditor’s Report
City of Hidden Hills
Table of Contents
PAGE

FINANCIAL SECTION
Independent Auditor’s Report 1
Proposition A Local Return Fund:

Basic Financial Statements:

Balance Sheets 4
Statements of Revenues, Expenditures and Changes in Fund Balance 5 Supplementary Information:

Schedule of Expenditures – Actual and Metro Approved Project Budget 6 Schedule of Capital Assets 7
Proposition C Local Return Fund:

Basic Financial Statements:

Balance Sheets 8
Statements of Revenues, Expenditures and Changes in Fund Balance 9 Supplementary Information:

Schedule of Expenditures – Actual and Metro Approved Project Budget 10 Schedule of Capital Assets 11
Measure R Local Return Fund:

Basic Financial Statements:

Balance Sheets 12
Statements of Revenues, Expenditures and Changes in Fund Balance 13 Supplementary Information:

Schedule of Expenditures – Actual and Metro Approved Project Budget 14 Schedule of Capital Assets 15
Measure M Local Return Fund:

Basic Financial Statements:

Balance Sheets 16
Statements of Revenues, Expenditures and Changes in Fund Balance 17 Supplementary Information:

Schedule of Expenditures – Actual and Metro Approved Project Budget 18 Schedule of Capital Assets 19
Transportation Development Act Article 3 Fund:

Basic Financial Statements:

Balance Sheets 20
Statements of Revenues, Expenditures and Changes in Fund Balance 21 Notes to Funds Financial Statements 22
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 28 City of Hidden Hills
Table of Contents
PAGE

COMPLIANCE SECTION
Independent Auditor’s Report on Compliance and on Internal Control Over Compliance Required by the Guidelines 30
Compliance Matrix 33
SCHEDULE OF FINDINGS AND QUESTIONED COSTS 40
EXIT CONFERENCE 44

FINANCIAL SECTION
1 Independent Auditor’s Report
To the Honorable Members of the City Council of the
City of Hidden Hills, California and the
Los Angeles County Metropolitan Transportation Authority Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the Proposition A Local Return Fund, the Proposition C Local Return Fund, the Measure R Local Return Fund, the Measure M Local Return Fund and the Transportation Development Act Article 3 Fund (collectively, the Funds) of the City of Hidden Hills, California (the City) which comprise the Funds’ balance sheets as of June 30, 2024 and 2023, the related statements of revenues, expenditures and changes in fund balances for the years then ended, and the related notes to the Funds financial statements.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the Proposition A Local Return Fund, the Proposition C Local Return Fund, the Measure R Local Return Fund, the Measure M Local Return Fund and the Transportation Development Act Article 3 Fund of the City of Hidden Hills, California as of June 30, 2024 and 2023, and the respective changes in financial position for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
2 Emphasis of Matter
As discussed in Note 2, the financial statements present only the Proposition A Local Return Fund, the Proposition C Local Return Fund, the Measure R Local Return Fund, the Measure M Local Return Fund and the Transportation Development Act Article 3 Fund of the City of Hidden Hills, California, and do not purport to, and do not present fairly the financial position of the City as of June 30, 2024 and 2023, and the changes in its financial position for the years then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

3 We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Supplementary Information
Our audits were conducted for the purpose of forming opinions on each of the Funds’ financial statements as a whole. The supplementary information identified in the table of contents is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the Funds’ basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the Funds’ basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the Funds’ basic financial statements or to the Funds’ basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to each of the Funds’ basic financial statements as a whole.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 4, 2024 on our consideration of the City’s internal control over the Funds’ financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over the Funds’ financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over the Funds’ financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over the Funds’ financial reporting and compliance.

Glendale, California
November 4, 2024
City of Hidden Hills
Proposition A Local Return Fund
Balance Sheets
See notes to Funds financial statements.
4 2024 2023
ASSETS
Cash and investments $ 122,513 $ 73,368
Total assets $ 122,513 $ 73,368

LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable $- $-
Total liabilities - -
Fund balance
Restricted 122,513 73,368
Total fund balance 122,513 73,368
Total liabilities and fund balance $ 122,513 $ 73,368
June 30
City of Hidden Hills
Proposition A Local Return Fund
Statements of Revenues, Expenditures and Changes in Fund Balance See notes to Funds financial statements.
5 2024 2023
Revenues
Proposition A $ 46,085 $ 50,283
Investment income 3,060 1,202
49,145 51,485
Expenditures
Various projects - -
- -
Excess of revenues over expenditures 49,145 51,485
Fund balance at beginning of year 73,368 21,883
Fund balance at end of year $ 122,513 $ 73,368
Total revenues
Total expenditures
Years ended June 30
City of Hidden Hills
Proposition A Local Return Fund
Supplementary Information
Schedule of Expenditures – Actual and Metro Approved Project Budget Year ended June 30, 2024
(With Comparative Actuals for 2023)
See independent auditor’s report.
6 Variance
Project Metro Positive 2023
Code Project Name Budget Actual (Negative) Actual
155 Recreational Transit $ 5,000 $ - $ 5,000 $ -
Total expenditures $ 5,000 $ - $ 5,000 $ -
2024
City of Hidden Hills
Proposition A Local Return Fund
Supplementary Information
Schedule of Capital Assets
Year ended June 30, 2024
See independent auditor’s report.
7 Balance Balance
Date July 1, June 30,
Acquired Description 2023 Additions Deletions 2024
N/A None $ - $ - $ - $ -
Total $- $ - $ - $ -
City of Hidden Hills
Proposition C Local Return Fund
Balance Sheets
See notes to Funds financial statements.
8 2024 2023
ASSETS
Cash and investments $ 300,388 $ 272,466
Total assets $ 300,388 $ 272,466

LIABILITIES AND FUND BALANCE
Liabilities
Accrued expenses $ 1,425 $-
Total liabilities 1,425 -
Fund balance
Restricted - Capital Reserve (Note 8) 114,457 111,130
Restricted - Other 184,506 161,336
Total fund balance 298,963 272,466
Total liabilities and fund balance $ 300,388 $ 272,466
June 30
City of Hidden Hills
Proposition C Local Return Fund
Statements of Revenues, Expenditures and Changes in Fund Balance See notes to Funds financial statements.
9 2024 2023
Revenues
Proposition C $ 38,227 $ 41,708
Investment income 8,691 6,163
46,918 47,871
Expenditures
Various projects 20,421 13,446
20,421 13,446
Excess of revenues over expenditures 26,497 34,425
Fund balance at beginning of year 272,466 238,041
Fund balance at end of year $ 298,963 $ 272,466
Total expenditures
Years ended June 30
Total revenues
City of Hidden Hills
Proposition C Local Return Fund
Supplementary Information
Schedule of Expenditures – Actual and Metro Approved Project Budget Year ended June 30, 2024
(With Comparative Actuals for 2023)
See independent auditor’s report.
10 Variance
Project Metro Positive 2023
Code Project Name Budget Actual (Negative) Actual
805 Round Meadow Rd/Mureau Rd
Intersection $ 260,000 $ - $ 260,000 $ 1,529
806 Round Meadow Rd/Mureau Rd
Landscape 12,000 20,421 (8,421) * 11,917
Total expenditures $ 272,000 $ 20,421 $ 251,579 $ 13,446 * See Compliance Matrix and Schedule of Findings and Questioned Costs 2024
City of Hidden Hills
Proposition C Local Return Fund
Supplementary Information
Schedule of Capital Assets
Year ended June 30, 2024
See independent auditor’s report.
11 Balance Balance
Date July 1, June 30,
Acquired Description 2023 Additions Deletions 2024
N/A None $ - $ - $ - $ -
Total $- $ - $ - $ -
City of Hidden Hills
Measure R Local Return Fund
Balance Sheets
See notes to Funds financial statements.
12 2024 2023
ASSETS
Cash and investments $- $ 101,280
Due from Metro (Note 9) 1,145,099 174,868
Total assets $ 1,145,099 $ 276,148

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND

FUND BALANCE (DEFICIT)
Liabilities
Due to General Fund $ 241,289 $-
Accounts payable 277,238 2,858
Accrued expenses 358,779 3,979
Total liabilities 877,306 6,837
Deferred inflows of resources
Unavailable revenue (Note 9) 1,145,099 137,945
Total deferred inflows of resources 1,145,099 137,945
Fund balance (deficit)
Restricted (877,306) 131,366
Total fund balance (deficit) (877,306) 131,366
Total liabilities, deferred inflows of resources
and fund balance (deficit) $ 1,145,099 $ 276,148
June 30
City of Hidden Hills
Measure R Local Return Fund
Statements of Revenues, Expenditures and Changes in Fund Balance See notes to Funds financial statements.
13 2024 2023
Revenues
Measure R $ 28,661 $ 31,272
Measure R Highway Program grant (Note 9) 424,554 36,923 Investment income - 2,481
453,215 70,676
Expenditures
Expenditures funded by MRLRF - 13,575
Expenditures funded by Measure R Highway Program grant 1,501,096 38,964 1,501,096 52,539
Excess (deficiency) of revenues over expenditures (1,047,881) 18,137 Other funding source
Transfer from General Fund (Note 10) 39,209 -
Total other funding source 39,209 -
Change in fund balance (1,008,672) 18,137
Fund balance at beginning of year 131,366 113,229
Fund balance (deficit) at end of year $ (877,306) $ 131,366 Years ended June 30
Total revenues
Total expenditures
City of Hidden Hills
Measure R Local Return Fund
Supplementary Information
Schedule of Expenditures – Actual and Metro Approved Project Budget Year ended June 30, 2024
(With Comparative Actuals for 2023)
See independent auditor’s report.
14 Variance
Project Metro Positive 2023
Code Project Name Budget Actual (Negative) Actual
390 Speed Humps $ - $ - $ - $ 13,575
805 Round Meadow Rd/Mureau Rd
Intersection Pedestrian and
Bikepath Landscaping 100,000 - 100,000 -
Total expenditures $ 100,000 $ - $ 100,000 $ 13,575
2024
City of Hidden Hills
Measure R Local Return Fund
Supplementary Information
Schedule of Capital Assets
Year ended June 30, 2024
See independent auditor’s report.
15 Balance Balance
Date July 1, June 30,
Acquired Description 2023 Additions Deletions 2024
N/A None $ - $ - $ - $ -
Total $- $ - $ - $ -
City of Hidden Hills
Measure M Local Return Fund
Balance Sheets
See notes to Funds financial statements.
16 2024 2023
ASSETS
Cash and investments $ 185,594 $ 148,095
Total assets $ 185,594 $ 148,095

LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable $- $-
Total liabilities - -
Fund balance
Restricted 185,594 148,095
Total fund balance 185,594 148,095
Total liabilities and fund balance $ 185,594 $ 148,095
June 30
City of Hidden Hills
Measure M Local Return Fund
Statements of Revenues, Expenditures and Changes in Fund Balance See notes to Funds financial statements.
17 2024 2023
Revenues
Measure M $ 32,365 $ 35,375
Investment income 5,134 3,129
37,499 38,504
Expenditures
Various projects - -
- -
Excess of revenues over expenditures 37,499 38,504
Fund balance at beginning of year 148,095 109,591
Fund balance at end of year $ 185,594 $ 148,095
Years ended June 30
Total revenues
Total expenditures
City of Hidden Hills
Measure M Local Return Fund
Supplementary Information
Schedule of Expenditures – Actual and Metro Approved Project Budget Year ended June 30, 2024
(With Comparative Actuals for 2023)
See independent auditor’s report.
18 Variance
Project Metro Positive 2023
Code Project Name Budget Actual (Negative) Actual
805 Round Meadow Rd/Mureau Rd
Intersection Pedestrian and
Bikepath Landscaping $ 100,000 $ - $ 100,000 $ -
Total expenditures $ 100,000 $ - $ 100,000 $ -
2024
City of Hidden Hills
Measure M Local Return Fund
Supplementary Information
Schedule of Capital Assets
Year ended June 30, 2024
See independent auditor’s report.
19 Balance Balance
Date July 1, June 30,
Acquired Description 2023 Additions Deletions 2024
N/A None $ - $ - $ - $ -
Total $- $ - $ - $ -
City of Hidden Hills
Transportation Development Act Article 3 Fund
Pursuant to Public Utilities Code Section 99234
Balance Sheets
See notes to Funds financial statements.
20 2024 2023
ASSETS
Cash and investments $- $-
Total assets $ - $-

LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable $- $-
Total liabilities - -
Fund balance
Restricted - -
Total fund balance - -
Total liabilities and fund balance $ - $-
June 30
City of Hidden Hills
Transportation Development Act Article 3 Fund
Pursuant to Public Utilities Code Section 99234
Statements of Revenues, Expenditures and Changes in Fund Balance See notes to Funds financial statements.
21 2024 2023
Revenues
Intergovernmental Allocations:

Article 3 $- $-
- -
Expenditures
Construction/Maintenance - -
- -
Excess of revenues over expenditures - -
Fund balance at beginning of year - -
Fund balance at end of year $- $-
Years ended June 30
Total revenues
Total expenditures
City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
22 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Fund Accounting
The operations of the Proposition A Local Return Fund (PALRF), the Proposition C Local Return Fund (PCLRF), the Measure R Local Return Fund (MRLRF), the Measure M Local Return Fund (MMLRF) and the Transportation Development Act Article 3 Fund (TDAA3F) (collectively, the Funds) are accounted for in separate sets of self-balancing accounts that comprise their assets, liabilities, fund balance, revenues and expenditures.

PALRF and PCLRF represent 25% and 20%, respectively, of the ½ cent Proposition A and ½ cent Proposition C sales taxes which are distributed to the jurisdictions within Los Angeles County based on population and must be used exclusively for transportation related programs and projects.

MRLRF is derived from 15% of the county-wide ½ cent Measure R sales tax which is distributed to the jurisdictions within Los Angeles County based on a per capita basis and must be used exclusively for transportation purposes.

MMLRF is derived from 17% of the county-wide ½ cent Measure M sales tax which is distributed to the jurisdictions within Los Angeles County based on a per capita basis and must be used exclusively for transportation purposes.

TDAA3F is a Special Revenue Fund that accounts for the City’s share of the Transportation Development Act Article 3 allocations which are legally restricted for specific purposes.

Basis of Accounting and Measurement Focus
The PALRF, PCLRF, MRLRF, MMLRF and TDAA3F are reported as Special Revenue Funds of the City and are accounted for using the modified accrual basis of accounting.

Revenues are recognized when they become “susceptible to accrual”, that is, measurable and available to finance expenditures of the current period. Expenditures are recorded when the liability is incurred.

Special Revenue Funds are reported on a spending or “financial flow” measurement focus. This means that generally, only current assets, current liabilities and deferred inflows and outflows of resources are included on their balance sheets. Statements of revenues, expenditures and changes in fund balances for Special Revenue Funds generally present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Budgets and Budgetary Accounting
The budgeted amounts presented in this report for comparison to the actual amounts are based on budgets approved by Metro and are presented in accordance with accounting principles generally accepted in the United States of America.

City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
23 NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Fair Value Measurement
In accordance with GASB Statement No. 72, Fair Value Measurement and Application, the City categorizes its fair value measurement within the fair value hierarchy that is based on the valuation inputs used to measure the fair value of the investment. Level 1 inputs are quoted prices in active markets for identical investments; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Accordingly, the City reports its investments at fair value and recognizes unrealized gain (loss) on investments.

Refer to the City’s Annual Comprehensive Financial Report (ACFR) for detailed disclosures regarding the City’s investments policy and fair value measurement disclosures.

Fund Balance Reporting
Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, establishes the fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds.

The PALRF, PCLRF, MRLRF, MMLRF and TDAA3F report the following fund balance classification as of June 30, 2024 and 2023:
 Restricted – Amounts that are constrained for specific purposes, which are externally imposed by providers, such as creditors, or amounts constrained due to constitutional provisions or enabling legislation. The use of the Funds’ remaining fund balances is restricted for projects approved by Metro.

Information regarding the fund balance reporting policy adopted by the City is described in Note 1 to the City’s ACFR.

Deferred Outflows and Inflows of Resources
Pursuant to GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, the City recognizes deferred outflows and deferred inflows of resources. A deferred outflow of resources is defined as a consumption of net position by the government that is applicable to a future reporting period. A deferred inflow of resources is defined as an acquisition of net position by the government that is applicable to a future reporting period.

Deferred inflows of resources reported by the City represent resources that are not available for spending as of June 30, 2024 and 2023.

City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
24 NOTE 2 ANNUAL FINANCIAL STATEMENTS
The financial statements reflect only the financial position and results of operations of the PALRF, PCLRF, MRLRF, MMLRF and TDAA3F, and do not purport to, and do not present fairly the City’s financial position as of June 30, 2024 and 2023, and the changes in its financial position for the years then ended in accordance with accounting principles generally accepted in the United States of America.

NOTE 3 PROPOSITION A AND PROPOSITION C LOCAL RETURN COMPLIANCE

REQUIREMENTS
The Proposition A Ordinance requires that Local Return (LR) funds be used exclusively to benefit public transit. Expenditures related to fixed route and paratransit services, Transportation Demand Management, Transportation Systems Management and fare subsidy programs that exclusively benefit transit are all eligible uses of Proposition A LR funds. Proposition A LR funds may also be traded with other Jurisdictions in exchange for general or other funds.

The Proposition C Ordinance directs that LR funds also be used to benefit public transit, as described above, but provides an expanded list of eligible project expenditures including Congestion Management Programs, bikeways and bike lanes, street improvements supporting public transit service, and Pavement Management System projects. Proposition C LR funds cannot be traded.

LR funds must be expended within three years of the last day of the fiscal year in which funds were originally allocated.

In accordance with Proposition A and Proposition C Local Return Program Guidelines, funds received pursuant to these guidelines may only be used for Proposition A and Proposition C Local Return approved programs. See accompanying Compliance Matrix.

NOTE 4 MEASURE R LOCAL RETURN COMPLIANCE REQUIREMENTS
The Measure R Ordinance specifies that LR funds be used exclusively for transportation purposes.

Measure R LR funds must be expended within five years of the first day of the fiscal year in which funds were originally allocated or received.

In accordance with Measure R Local Return Program Guidelines, funds received pursuant to these guidelines may only be used for Measure R Local Return approved programs. See accompanying Compliance Matrix.

City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
25 NOTE 5 MEASURE M LOCAL RETURN COMPLIANCE REQUIREMENTS Measure M was approved by the voters of Los Angeles County on November 8, 2016 to improve transportation and ease traffic congestion consistent with the Los Angeles County Traffic Improvement Plan Ordinance approved by the Metro Board of Directors on June 23, 2016. The Measure M Ordinance specifies that LR funds be used exclusively for transportation purposes.

Measure M LR funds must be expended within five years of the first day of the fiscal year in which funds were originally allocated or received.

In accordance with Measure M Local Return Program Guidelines, funds received pursuant to these guidelines may only be used for Measure M Local Return approved programs. See accompanying Compliance Matrix.

NOTE 6 TRANSPORTATION DEVELOPMENT ACT COMPLIANCE REQUIREMENTS In accordance with Public Utilities Code Section 99234, funds received pursuant to this Code’s section may only be used for activities relating to pedestrians and bicycle facilities. See accompanying Compliance Matrix.

NOTE 7 CASH AND INVESTMENTS
The PALRF, PCLRF, MRLRF, MMLRF and TDAA3F cash balances were pooled with various other City funds for deposit and investment purposes. The share of each fund in the pooled cash account was separately maintained and interest income was apportioned to the participating funds based on the relationship of their average quarterly balances to the total of the pooled cash and investments.

Please refer to the City’s ACFR for a full description of risks relating to cash and investments.

City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
26 NOTE 8 CAPITAL RESERVE AGREEMENT – PCLRF
In June 2018, the Metro and the City entered into a capital reserve agreement to establish a capital reserve account (Account) of $200,000 for the Long Valley Improvement Project.

The account is funded with the Proposition C Local Return funds allocated to the City.

All interest is accrued in the Account to be used exclusively for the said project. If the project is not completed by June 30, 2023, any unexpended funds shall lapse and be returned to Metro. In June 2023, the Metro Board of Directors approved the extension of the agreement to June 30, 2028.

The details of the capital reserve account are as follows:

NOTE 9 MEASURE R HIGHWAY PROGRAM GRANT
On November 1, 2015, the City entered into a funding agreement (Agreement) with Metro for Long Valley Road/Valley Circle/US-101 On-ramp Improvements, Metro Project ID# MR311.34 and FTIP# LA0G1257 (the Project). Metro’s Board of Directors granted the Measure R funds in the amount of $1,000,000 for the project. The funds will be released to the City on a reimbursement basis in accordance with invoices submitted in support of the monthly progress report and the quarterly expenditure report submitted to Metro a few days after the close of each quarter. On November 1, 2017, the Agreement was amended to increase the budget amount to $3,700,000 as authorized by the Metro Board of Directors on July 27, 2017.

The City recognized $424,554 and $36,923 of reimbursement for this project during the years ended June 30, 2024 and 2023, respectively.

The City has invoices not yet submitted to Metro amounting to $71,245 and $1,725 at June 30, 2024 and 2023, respectively, which are included in the due from Metro and deferred inflows of resources in the accompanying Balance Sheets for MRLRF.

As of June 30, 2024 and 2023, the City reported total receivables of $1,145,099 and $174,868, respectively, from Metro related to this program.

NOTE 10 MEASURE R TRANSFER FROM THE GENERAL FUND
In FY2023/24, the MRLRF received a transfer of $39,209 from the General Fund. This transfer was made for compliance with SB1 requirements. The funds were allocated to support activities and projects under the Measure R Highway Program.

2024 2023
Capital reserve, beginning balance $ 111,130 $ 108,616
Add: Interest income 3,327 2,514
Capital reserve, ending balance $ 114,457 $ 111,130
City of Hidden Hills
Notes to Funds Financial Statements
Years ended June 30, 2024 and 2023
27 NOTE 11 TRANSPORTATION DEVELOPMENT ACT ARTICLE 3 FUNDS RESERVED In accordance with TDA Article 3 (SB821) Guidelines, funds which will not be spent during the fiscal year have been placed on reserve in the Local Transportation Fund (LTF) account with the County Auditor-Controller to be drawn down whenever the funds become eligible for a specific project and an approved drawdown request is received by Metro. As of June 30, 2024 and 2023, the City has funds on reserve as follows:

For FY 2023/24, any TDA Article 3 funds left on reserve for FY 2019/20 or prior, are subject to lapse if not claimed by the City by June 30, 2024. In FY 2023/24, the FY 2019/20 reserve amounting to $5,000 lapsed. See Compliance Matrix and Schedule of Findings and Questioned Costs. Metro Program Manager granted a one-time extension to use the lapsed funds until June 30, 2025.

NOTE 12 SUBSEQUENT EVENTS
The City has evaluated events subsequent to June 30, 2024 to assess the need for potential recognition or disclosure in the financial statements. Such events were evaluated through November 4, 2024, the date the financial statements were available to be issued. Based upon this evaluation, it was determined that no subsequent events occurred that require recognition or additional disclosure in the financial statements. 2024 2023
FY 2019/20 allocation $ 5,000 $ 5,000
FY 2020/21 allocation 5,000 5,000
FY 2021/22 allocation 5,000 5,000
FY 2022/23 allocation 5,000 5,000
FY 2023/24 allocation 5,000 -
$ 25,000 $ 20,000
28 Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards To the Honorable Members of the City Council of the
City of Hidden Hills, California and the
Los Angeles County Metropolitan Transportation Authority We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the Proposition A Local Return Fund, the Proposition C Local Return Fund, the Measure R Local Return Fund, the Measure M Local Return Fund and the Transportation Development Act Article 3 Fund (collectively, the Funds) of the City of Hidden Hills, California (the City) as of and for the year ended June 30, 2024, and the related notes to the Funds financial statements, and have issued our report thereon dated November 4, 2024.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the Funds’ financial statements, we considered the City’s internal control over the Funds’ financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the Funds’ financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. 29 Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s Proposition A Local Return Fund, Proposition C Local Return Fund, Measure R Local Return Fund, Measure M Local Return Fund and Transportation Development Act Article 3 Fund financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Glendale, California
November 4, 2024

COMPLIANCE SECTION
30 Independent Auditor’s Report on Compliance
and on Internal Control Over Compliance Required by the Guidelines To the Honorable Members of the City Council of the
City of Hidden Hills, California and the
Los Angeles County Metropolitan Transportation Authority Report on Compliance
Opinion
We have audited the City of Hidden Hills, California’s (the City) compliance with the Proposition A and Proposition C Local Return Guidelines, Measure R Local Return Guidelines, Measure M Local Return Guidelines, Transportation Development Act Article 3, and the Los Angeles County Metropolitan Transportation Authority’s Funding and Allocation Guidelines for Transportation Development Act Article 3 Bicycle and Pedestrian Funds (collectively, the Guidelines) for the year ended June 30, 2024.

In our opinion, the City of Hidden Hills, California complied, in all material respects, with the compliance requirements of the Guidelines for the year ended June 30, 2024.

Basis for Opinion
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States (Government Auditing Standards); and the Guidelines. Our responsibilities under those standards and the Guidelines are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance with the Guidelines. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.
31 Responsibilities of Management for Compliance
Management is responsible for the City’s compliance with the Guidelines and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or agreements applicable to the City’s Proposition A Local Return Fund, Proposition C Local Return Fund, Measure R Local Return Fund, Measure M Local Return Fund and Transportation Development Act Article 3 Fund.

Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Guidelines will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of the Guidelines as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Guidelines, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Guidelines, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance.

Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

32 Other Matters
The results of our auditing procedures disclosed instances of noncompliance with the requirements, which are described in the accompanying Schedule of Findings and Questioned Costs as Findings #2024-001 to #2024-003. Our opinion is not modified with respect to these matters.

Government Auditing Standards requires the auditor to perform limited procedures on the City’s responses to the noncompliance findings identified in our compliance audit described in the accompanying Schedule of Findings and Questioned Costs. The City’s responses were not subjected to the auditing procedures applied in the audit of compliance, and accordingly, we express no opinion on the responses.

Report on Internal Control over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with the Guidelines on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with the Guidelines will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with the Guidelines that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in the internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Guidelines. Accordingly, this report is not suitable for any other purpose.

Glendale, California
November 4, 2024
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
33 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

A. Proposition A and Proposition C Local
Return Funds

1. Uses the State Controller’s
Uniform System of Accounts and
Records or has established a
separate Proposition A and
Proposition C Local Transit
Assistance Account for Local
Return purposes. X

2. Revenues received including
allocations, project generated
revenues and interest income was
properly credited to the Proposition
A and/or Proposition C Local
Return Account. X

3. Funds were expended with Metro’s
approval and were not substituted
for property tax. X
There were no PALRF
expenditures during
FY2023/24.

4. Timely use of funds. X

5. Administrative expenses are within
the 20% cap.

X
There were no
administrative
expenditures during
FY2023/24.

6. Expenditures that exceeded 25%
of approved project budget have
approved amended Project
Description Form (Form A) or
electronic equivalent. X
PCLRF:
$5,421 See Finding #2024-001

7. Annual Project Update Report
(Form B) or electronic equivalent
was submitted on time. X

8. Annual Expenditure Report (Form
C) or electronic equivalent was
submitted on time. X

9. Pavement Management System
(PMS) is in place and being used
for Street Maintenance or
Improvement Projects
Expenditures. X

10. Local Return Account is credited
for reimbursable expenditures. X

11. Where Proposition A funds were
given, loaned or exchanged by one
jurisdiction to another, the
receiving jurisdiction has credited
its Local Return Account with the
funds received. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
34 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

A. Proposition A and Proposition C Local
Return Funds

12. Self-Certification was completed
and submitted for Intelligent
Transportation Systems projects
and elements. X

13. A separate account was
established for Capital reserve
funds, Capital reserve was
approved by Metro and current
status is reported in the Annual
Project Update (Form B) or
electronic equivalent. X

14. Recreational transit form was
submitted on time. X .

15. Fund exchanges (trades, loans, or
gifts) were approved by Metro. X

16. Proposition C Local Return Funds
were used to augment, not
supplant existing local revenues
being used for road improvement
purposes. X

17. All on-going and carryover projects
were reported on Form B or
electronic equivalent. X

18. Cash or cash equivalents are
maintained. X

19. Accounting procedures, record
keeping, and documentation are
adequate. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
35 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

B. Measure R Local Return Fund

1. Funds were expended for
transportation purposes.

X
There were no
expenditures in FY
2023/24.

2. Separate Measure R Local Return
Account was established. X

3. Revenues received including
allocations, project generated
revenues and interest income was
properly credited to the Measure R
Local Return Account. X

4. Funds were expended with Metro’s
approval.

X
There were no
expenditures in FY
2023/24.

5. Funds were not substituted for
property tax and are in compliance
with the Maintenance of Effort. X

6. Timely use of funds. X

7. Administrative expenses are within
the 20% cap.

X
There were no
administrative
expenditures in FY
2023/24.

8. Expenditure Plan (Form One or
electronic equivalent) was
submitted timely. X

9. Annual Expenditure Report (Form
Two or electronic equivalent) was
submitted timely. X

10. Where funds expended were
reimbursable by other grants or
fund sources, the reimbursement
was credited to the Local Return
Account upon receipt of the
reimbursement. X

11. Where Measure R funds were
given, loaned or exchanged by one
jurisdiction to another, the
receiving jurisdiction has credited
its Local Return Account with the
funds received. X

12. A separate account was
established for Capital reserve
funds and Capital reserve was
approved by Metro. X

13. Funds were used to augment, not
supplant existing local revenues
being used for transportation
purposes unless there is a fund
shortfall. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
36 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

B. Measure R Local Return Fund

14. Recreational transit form was
submitted on time. X

15. Fund exchanges (trades, loans, or
gifts) were approved by Metro. X

16. Accounting procedures, record
keeping, and documentation are
adequate. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
37 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

C. Measure M Local Return Fund

1. Funds were expended for
transportation purposes.

X
There were no
expenditures in FY
2023/24.

2. Separate Measure M Local Return
Account was established. X

3. Revenues received including
allocations, project generated
revenues and interest income was
properly credited to the Measure M
Local Return Account. X

4. Funds were expended with Metro’s
approval.

X
There were no
expenditures in FY
2023/24.

5. Funds were not substituted for
property tax and are in compliance
with the Maintenance of Effort. X

6. Timely use of funds. X $20,019 See Finding #2024-002

7. Administrative expenses are within
the 20% cap.

X
There were no
administrative
expenditures in FY
2023/24.

8. Expenditure Plan (Form M-One or
electronic equivalent) was
submitted timely. X

9. Expenditure Report (Form M-Two
or electronic equivalent) was
submitted timely. X

10. Where funds expended were
reimbursable by other grants or
fund sources, the reimbursement
was credited to the Local Return
Account upon receipt of the
reimbursement. X

11. Where Measure M funds were
given, loaned or exchanged by one
jurisdiction to another, the
receiving jurisdiction has credited
its Local Return Account with the
funds received. X

12. A separate account was
established for Capital reserve
funds and Capital reserve was
approved by Metro. X

13. Funds were used to augment, not
supplant existing local revenues
being used for transportation
purposes unless there is a fund
shortfall. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
38 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

C. Measure M Local Return Fund

14. Recreational transit form was
submitted on time. X

15. Fund exchanges (trades, loans, or
gifts) were approved by Metro. X

16. Accounting procedures, record
keeping, and documentation are
adequate. X
City of Hidden Hills
Compliance Matrix
Year ended June 30, 2024
See independent auditor’s report on compliance.
39 Compliance Requirements In Compliance Questioned
Costs
If no, provide details and
Yes No N/A management response.

D. Transportation Development Act Article
3 Fund

1. Timely use of funds. X $5,000 See Finding #2024-003

2. Expenditures were incurred for
activities relating to pedestrian and
bicycle facilities and amenities. X
There were no
expenditures in FY
2023/24.

3. Annual Claim Form was submitted
timely. X

SCHEDULE OF FINDINGS AND QUESTIONED COSTS
City of Hidden Hills
Schedule of Findings and Questioned Costs
Year ended June 30, 2024
40 PCLRF: Finding #2024-001
Compliance Reference Section I(C) Project Description Form (Form A) of the Proposition A and Proposition C Local Return Guidelines states that, “Jurisdictions shall submit for approval a Project Description Form (Form A) or its electronic equivalent prior to the expenditure of funds for: 1) a new project; 2) a new route; 3) a 25 percent change (increase or decrease) in route or revenue vehicle miles for an established LR funded transit service; 4) a 0.75 miles or greater service change that duplicates/overlays an existing transit service; or 5) a 25 percent or greater change in an approved LR project budget or scope on all operating or capital LR projects.”
Condition The City exceeded Metro’s approved budget by more than 25 percent prior to obtaining approval through a revised Form A or a Budget Request via LRMS for PCLRF’s Project code 806
Round Meadow Road and Mureau Road Landscape
Maintenance. The amount in excess of 25 percent of the
approved budget was $5,421.

Projects with greater than 25 percent change from the
approved project budget should be amended by submitting a Project Description Form (Form A) or a Budget Request via LRMS.

The City submitted the Budget Requests through LRMS and obtained retroactive approval of the project from the Metro Program Manager.

Cause The City did not anticipate incurring eligible expenditures for more than the approved budget for this project. The City was not able to submit a request to increase the budget for Metro’s approval until after June 30, 2024.

Effect The City’s PCLRF project expenditure exceeded 25 percent of the approved project budget prior to Metro’s approval which resulted in the City’s noncompliance with the Guidelines.

Recommendation We recommend the City submit revised Form A’s or submit Budget Requests via LRMS to obtain Metro’s approval for changes in project budgets and implement internal controls to ensure compliance with this requirement at all times.

City of Hidden Hills
Schedule of Findings and Questioned Costs
Year ended June 30, 2024
41 PCLRF: Finding #2024-001 (Continued)
Management’s Response The City agrees with the findings and will submit revised budgets via LRMS prior to the end of the fiscal year to obtain Metro’s approval for the change in the project budget and implement internal controls to ensure compliance with this requirement at all times. The City submitted a Budget Request to the Metro Program Manager and obtained retroactive
approval of the budget for said project on July 9, 2024.

Finding Corrected During the
Audit
Metro Program Manager granted retroactive approval of the said project on July 9, 2024. No additional follow-up is required.

City of Hidden Hills
Schedule of Findings and Questioned Costs
Year ended June 30, 2024
42 MMLRF: Finding #2024-002
Compliance Reference Section XXV Lapsing Requirements of Measure M Local Return Guidelines states that “Measure M LR funds have
five (5) years to be expended. Funds must be expended
within five years of the last day of the fiscal year in which funds were originally allocated or received. A First- In-FirstOut (FIFO) method of calculation will be used to determine any lapsing of funds. The Measure M LR allocation, interest income and other income earned from LR projects (such as revenues from advertising) which are not expended within the allocated time, will consequently lapse, and be returned to Metro upon request, for reallocation to Jurisdictions on a per capita basis.”
Condition The City has unused Measure M funds amounting to $20,019 which lapsed as of June 30, 2024.

Cause The Round Meadow Road/Mureau Road Intersection
Pedestrian and Bikepath Landscaping project has not
started. Due to the unexpected late start of this project, funds were not spent as expected.

Effect The City did not comply with the Measure M Local Return Guidelines.

Recommendation We recommend the City establish procedures and internal controls to ensure that Measure M funds are used timely.

Management’s Response The City expects to use up the Measure M funds during FY 2024/25. The City requested and obtained an extension for the use of the funds from the LA Metro Program Manager.

Finding Corrected During the
Audit
On July 5, 2024, Metro Program Manager granted an
extension for the use of the lapsed funds on or by June 30, 2025. No additional follow-up is required.

City of Hidden Hills
Schedule of Findings and Questioned Costs
Year ended June 30, 2024
43 TDAA3F: Finding #2024-003
Compliance Reference TDA Article 3 Guidelines state that “TDA Article 3 local funds may be placed on reserve for up to three years. Agencies may accumulate three years' worth of reserved TDA Article 3 local funds before being required to obligate them or return them to the TDA Article 3 fund. Any funds left on reserve by the local agency longer than three years are subject to lapse and future reallocation.”
For FY 2023/24, any TDA Article 3 funds left on reserve for FY 2019/20 are subject to lapse if not claimed by the City by June 30, 2024.

Condition The City has remaining funds left on reserve amounting to $5,000 from FY 2019/20 allocations that lapsed as of
June 30, 2024.

Cause The City does not have projects to utilize the reserved amount during FY 2023/24.

Effect The City was not in compliance with the TDA Article 3 Guidelines.

Recommendation We recommend the City establish procedures and internal controls to ensure that TDA Article 3 funds allocation left on reserve be drawn and spent on eligible projects in a timely manner.

Management’s Response The City has requested Metro to extend the use of the FY 2019/20 allocations on reserve through June 30, 2025 for use on TDA Article 3 eligible projects in FY 2024/25.

Finding Corrected During the
Audit
On July 29, 2024, the Metro Program Manager granted an
extension for the use of the FY 2019/20 allocation on reserve through June 30, 2025. No follow-up is required.

EXIT CONFERENCE
City of Hidden Hills
Exit Conference
Year ended June 30, 2024
44 An exit conference was held on November 4, 2024 with the City of Hidden Hills representative. Those in attendance were:

Vasquez and Company LLP representatives:

Cristy Canieda – Audit Partner
Erica Ong – Audit Manager
City of Hidden Hills representative:

Gloria Molleda – City Manager
Dirk Lovett – City Engineer
Mike Blazenski – Finance Consultant
Theresa Hernandez – Accounting Specialist
Matters discussed:

Results of the audit disclosed issues of noncompliance with the Guidelines.

A copy of this report was forwarded to the following City of Hidden Hills representatives for comments prior to the issuance of the final report:

Gloria Molleda – City Manager
Mike Blazenski – Finance Consultant
Theresa Hernandez – Accounting Specialist
www.vasquez.cpa
655 N Central Avenue, Suite 1550 • Glendale, California 91203-1437 • +1.213.873.1700 Larry G. Weber, Mayor
Joe Loggia, Mayor Pro Tem
Eniko Gold, Council Member
Laura McCorkindale, Council Member
Adam Wasserman, Council Member

TO: Honorable Mayor and City Council
FROM: Gloria Molleda, Interim City Manager
BY: Deana L. Gonzalez, CMC, City Clerk
DATE: February 10, 2025
SUBJECT: RECEIVE AND REVIEW THE HIDDEN HILLS COMMUNITY ASSOCIATION BOARD OF DIRECTORS MEETING FOR NOVEMBER 19, 2024

BACKGROUND

The Hidden Hills Community Association's mission is to create and maintain a distinctive, rural equestrianbased environment with community-based environment with community-oriented events and gathering places, be responsive to the community's needs, and provide open homeowner communications and neighborhood connections. The Governing Body and Management Team of the Hidden Hills Community Association commits to the following values: personal integrity & honesty, productivity, teamwork, respect and service to others.

DISCUSSION
Every month, the HHCA's Board of Directors has a meeting consisting of elected board members, staff members, committee members and residents. The monthly minutes provide information and updates on items of interest.

FISCAL IMPACT
There is no fiscal impact to receiving and filing this summary report.

RECOMMENDATION
It is recommended that the City Council receive and review the attached HHCA Board of Directors Minutes for November 19, 2024. If the City Council concurs, an appropriate motion would be:

ATTACHMENT

1. HHCA Board of Directors Minutes for November 19, 2024 Hidden Hills Community Association | General Session Minutes | November 19, 2024

BOARD OF DIRECTORS MEETING
TUESDAY, NOVEMBER 19, 2024 – 6:30 P.M. | Meeting held via Zoom Video Conference

GENERAL SESSION MINUTES

1. CALL TO ORDER
The General Session meeting of the Hidden Hills Community Association Board of Directors was called to order at 6:33 P.M. by President, John McGinnis. In accordance with the California Civil Code, the agenda was posted at least four days prior to the meeting.

DIRECTORS PRESENT DIRECTORS ABSENT
John McGinnis, President
Eric Epstein, Vice-President
John Heubusch, Secretary
Kenny Hawk, Treasurer
Joe Bellissimo, Director
Howard Tenenbaum, Director
Jeffrey Gersh, Director

HHCA MANAGEMENT/STAFF
Erin Tudron, General Manager
Stefany Tristan, Operations Manager
Karen Liebrecht, Administration Manager

2. PRESENTATION – LOS ANGELES EMERGENCY PREPAREDNESS FOUNDATION Members of the Los Angeles Emergency Preparedness Foundation (LAEPF) were in attendance to present information on the Community Brigade program, as well as put out a call for community member volunteers. For more information, please visit https://laepf.org/community-brigade .

3. EXECUTIVE SESSION SUMMARY
The Board of Directors met in Executive Session on Tuesday, November 5, 2024 to discuss some, or all, of the items related to the following: 1) litigation or potential litigation; 2) matters relating to the formation of contracts with third parties; 3) member discipline and/or delinquency, including payment plan requests; 5) personnel matters; and/or 6) approval of Executive Session minutes.

4. GENERAL SESSION MINUTES APPROVAL
The Board of Directors reviewed the draft General Session meeting minutes dated October 15, 2024.

Motion: Bellissimo
Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 Second: Tenenbaum
Resolution: The Board of Directors approved the General Session meeting minutes dated October 15, 2024, as presented.

The motion carried unanimously.

5. FINANCIAL REPORT
a. October 2024 Financial Statement
Treasurer Kenny Hawk provided a verbal report on the current operating budget and presented the October 2024 financial statement for review and acceptance by the Board.

Motion: Bellissimo
Second: McGinnis
Resolution: The Board of Directors approved and accepted the October 2024 financial statement as presented, subject to audit.

The motion carried unanimously.
b. 2023 Annual Tax Return
The Association’s CPA, Porter & Lasiewicz, filed an extension for the Association’s 2023 Annual Tax Return. The extended due date is May 15, 2025. It is anticipated that the tax return will be complete for filing by the end of the year.

Resolution: No action taken. Reviewed and filed.

6. COMMITTEE REPORTS
a. Architectural Committee – Robert Mahterian, Chair
The Committee reported on the October architectural meeting that was held on Wednesday, October 23, 2024. The next meeting is scheduled for Wednesday, November 20, 2024. There are 24 complete project submittals that have been submitted for architectural review. The December architectural meeting will be moved to Wednesday, December 18, 2024. The Committee will be back to their regular meeting schedule after the new year. b. Community Facilities Committee – Kenny Hawk, Board Liaison The Committee reported that Ryan Levis completed the conceptual design work, including renderings and elevations, approved by the Board of Directors at the October 15, 2024 General Session meeting for the proposed remodel of the community center. The Committee is now working on getting budgetary figures to prepare a presentation for the community members and Board.

Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 c. Equestrian Services Committee – Esther Cooney, Chair The Committee reported on the progress of the trail maintenance program with JR Construction. The use of water bars is being implemented to try and reduce the number of sandbags utilized throughout the community during the rainy season. Drainage issues are also being addressed as they move through the trail system. Homeowners were reminded to ensure that their hedges and trees are trimmed back from the 3-rail fences along the bridle trails. The next ESC meeting will be held on Wednesday, December 18, 2024 at 6:45pm. d. Gate Operations Committee – Deb Seror, Chair
The Committee reported on the events of Halloween night, sharing highlights and insights from the evening including guest entry statistics from Proptia. The Committee also reported they are working on a perimeter camera proposal with Covered 6 for Spring Valley. It is anticipated that this proposal will be submitted for board consideration at the next General Session meeting. The next Gate meeting will be held on Monday, December 9, 2024 at 6:30pm.
e. Landscape Committee – Lynne Burns, Seed Landcare
Lynne Burns from Seed Landcare was in attendance to provide a brief report on behalf of the Landscape Committee. It was reported that the mulch at the Spring Valley playground has been replaced, as well as the hedge along the pool fence at the community center. A proposal for the planting of the remaining Pepper trees from the community nursery will be presented later in the meeting. The Committee conducted a community site walk to recommend installation locations for the trees. Landscape continues to monitor and evaluate trees per the arborist report.
f. Parks and Recreation Committee – Karen Leibrecht, Staff Liaison The Committee reported on the Halloween event held on Saturday, October 19, 2024, which had more than 400 RSVPs. Bunco Night is scheduled for Thursday, November 21, 2024 at 7:00pm at the community center. The Committee is also working on planning an Ugly Sweater Karaoke event, as well as a joint Committee holiday event. The Winter Social has been tentatively scheduled for Saturday, January 25, 2025. The Committee’s next meeting is scheduled for Wednesday, December 11, 2024 at 11:00am.
g. Technology Committee – Eric Epstein, Chair/Board Liaison No report.
h. Theatre Committee – Nadine Levitt, Co-Chair
The Committee reported on the success of the “Magic of the Holidays” event held on Saturday, November 9, 2024, as well as the sold out Jaxx children’s production of the “The Wizard of Oz” which took place on Friday, November 15, 2024 and Saturday, November 16, 2024. Looking ahead to the new year, the Committee is working on hosting improv classes for both kids and adults with Comedy Sportz, as well as planning the Valentine Musicale in February. The installation of the new audio and lighting equipment for the community Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 theater is scheduled to take place from December 9 – 20. The Committee’s next meeting is scheduled for Monday, December 2, 2024 at 10:00am.
i. Report on City Council Meeting – John McGinnis, Board Liaison Board liaison John McGinnis reported on the City Council meeting that took place on November 12, 2024. Congratulations to Mayor Eniko Gold and Council Member Adam Wasserman on their respective re-elections. The annual reorganization of City Council will take place at the December meeting. As previously reported, the City received funding and is working with the Los Angeles Emergency Preparedness Foundation to install two fire cameras on the Ahmanson, while the annexation of “Craftsman’s Corner” from the City of Calabasas into the City of Hidden Hills has been approved. Two new flashing stop signs have been installed outside of the Long Valley gate. The City is considering the adoption of an ordinance on dust mitigation during construction, as well as looking at restricting construction work on Red Flag Warning days.

7. HOMEOWNER OPEN FORUM
In lieu of prior standard Homeowner Forum, members were given an opportunity to comment on agenda items, prior to each agenda item being discussed. The time limit for each homeowner is 3 minutes. All comments pertaining to non-agenda related items were held later in the meeting.

Members in attendance provided input on the following agenda items during open forum:
• No comments.

8. UNFINISHED BUSINESS/NEW BUSINESS
a. Annual Meeting & Director Election Update
⋅ The Annual Meeting and Director Election is scheduled for Tuesday, January 21, 2025. ⋅ The election is being facilitated by the Association’s Inspector of Elections, Correct Elect, LLC.
⋅ All official mailings pertaining to the annual election will be mailed to each member’s address of record on file with the Association, including candidate statements and secret ballots.
⋅ There are 4 candidates running for 4 open seats:
1) John Heubusch (incumbent)
2) Howard Tenenbaum (incumbent)
3) Nadine Levitt
4) David Ginsberg
⋅ It is anticipated that secret ballots will be mailed out to the membership by December 17, 2024.

Action: No action taken. Reviewed and filed.

Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 b. Committee Appointment: Landscape Committee - Members The Board of Directors reviewed and discussed the recommended appointment of new members to the Landscape Committee. Melissa Wallace is the only remaining member from the prior Committee.

Motion: McGinnis
Second: Heubusch
Resolution: The Board of Directors appointed the following members to serve on the Landscape Committee:
• Amber Wright
• Stephen Levitt
• Monica Wolfe
• Thomas Lewis
• Susan Sanett
The motion carried unanimously.
c. Proposal: Tree Planting – Jed Smith Rd/Lewis & Clark Rd The Board of Directors reviewed and discussed the proposal from Seed Landcare for the planting of 50 Pepper trees currently housed in the Hidden Hills nursery along Jed Smith Rd and Lewis & Clark Rd, as presented by the Landscape Committee. The proposal is solely for the planting of the trees, as the trees themselves were previously purchased during the Phase 3 planting plan. The total planting cost is $14,500.00 and is in budget. Lynne Burns from Seed Landcare was also in attendance to answer questions.

Motion: Heubusch
Second: Gersh
Resolution: The Board of Directors approved the proposal from Seed Landcare for the planting of 50 Pepper Trees along Jed Smith Rd and Lewis & Clark Rd, for the total amount of $14,500.00, as presented.

The motion carried unanimously.
d. Proposal: Community Center Tennis & Sport Court Resurfacing The Board of Directors reviewed and discussed the proposals presented for the proposed resurfacing of the two tennis courts and one sports court at the community center.

Additionally, one of the tennis courts currently has four basketball systems installed. The Board revisited prior discussions about the potential removal of these systems during the resurfacing project. This removal is listed as an optional line item in each proposal.

The receipt of one vendor proposal is still pending. This is a budgeted reserve item for the 2024/2025 fiscal year.

Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 Motion: Gersh
Second: Hawk
Resolution: The Board of Directors approved the resurfacing of the two tennis courts and one sports court at the community center, as presented, with a not-to-exceed budget of $48,500.00. The Board resolved that the four basketball systems currently installed on the one tennis court will not be removed and will remain in place.

The motion carried unanimously.
e. Proposal: Phase 3 Master Road Repair Plan – LaBelle Marvin Engineering The Board of Directors reviewed and discussed the proposal from LaBelle Marvin Engineering for the preparation of curb/gutter design and grading plans for Phase 3 of the projected Master Road Repair Plan scheduled for the 2025/2026 fiscal year. To remain on schedule, it is recommended that this project phase be prepared to go out to bid by February 2025. The total cost for this preparation work is $111,770.00. This is a budgeted reserve item for the 2024/2025 fiscal year.

Motion: Hawk
Second: Heubusch
Resolution: The Board of Directors approved the proposal from LaBelle Marvin Engineering in the total amount of $111,770.00 for the preparation of curb/gutter design and grading plans for Phase 3 of the projected Master Road Repair Plan scheduled for the 2025/2026 fiscal year, presented.

The motion carried unanimously.
f. Emergency Resolution: Holiday Lighting & Décor Rule
The Board of Directors reviewed and discussed the proposed Resolution to pass an Emergency Rule on holiday lighting and décor. The purpose of this Resolution it to reinforce that holiday lighting and décor is permitted on a resident’s 3-rail fence and parkway trees, as well as set a date by which holiday lighting and decors should be removed (January 15, 2025).

Motion: Hawk
Second: Bellissimo
Resolution: The Board of Directors approved the Resolution to pass an Emergency Rule on holiday lighting and décor, as presented. The rule is effective immediately, for 120 days from and after the date of the Resolution.

The motion carried unanimously.

Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 g. Architectural Variance Review:
1) 25234 Eldorado Meadow Rd
The Board of Directors reviewed and discussed the architectural variance application presented for 25234 Eldorado Meadow Rd. The homeowner is seeking a variance to keep an existing non-conforming retaining wall in the side yard setback. The Architectural Committee recommends approval of this variance request. All homeowners within a 500-foot radius of the property received the required Notice of Variance Application. No written comments were submitted in response to the notice

Motion: McGinnis
Second: Tenenbaum
Resolution: The Board of Directors approved the architectural variance application for 25234 Eldorado Meadow Rd, as presented.

The motion carried unanimously.
2) 23557 Long Valley Rd
The Board of Directors reviewed and discussed the architectural variance application presented for 23557 Long Valley Rd. The homeowner is seeking a variance to construct a new ADU which would encroach into the side yard setback and existing non-confirming lot coverage. The Architectural Committee recommends approval of this variance request. All homeowners within a 500-foot radius of the property received the required Notice of Variance Application. No written comments were submitted in response to the notice.

Motion: Hawk
Second: McGinnis
Resolution: The Board of Directors approved the architectural variance application for 23557 Long Valley Rd, as presented.

The motion carried unanimously
h. Encroachment Permits Issued:

The Board of Directors reviewed the following encroachment permits issued by management:

ENCROACHMENT PERMITS
Name Address Project Filed Issued Permit No.

SoCal Gas 5530 Jed Smith Rd Gas Service Abandonment 10/3/2024 10/3/2024 1365 Keith Christian 5831 Fitzpatrick Rd Street parking for 2 weeks 10/9/2024 10/9/2024 1366 Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 SoCal Edison 5900 Highridge Rd Crews to access 1 existing pole to remove/replace
10/10/2024 10/10/2024 1367
SoCal Edison 24402 Little Hollow Rd Crew to remove 4 poles and wire; access 1 existing structure and pull
in cable.
10/10/2024 10/10/2024 1368
SoCal Gas 24877 Eldorado Meadow
Rd
Gas Service Replacement 10/10/2024 10/10/2024 1369
SoCal Edison 5791 Jed Smith Rd Crews to access 1 existing pole to remove/replace wire/meter; access
1 existing pad structure to upgrade
equipment/pull in cable
10/24/2024 10/24/2024 1370
Ken Oder 25103 Jim Bridger Rd Dumpster on parkway for tree trimmers
10/25/2024 10/25/2024 1371
BMD
Construction
5530 Jed Smith Rd Trench parkway to install temporary
water line from the existing meter
to inside the property line
10/28/2024 10/28/2024 1372
Resolution: No action taken. Reviewed and filed.
i. Directors Topics
No items were presented for discussion.

9. HOMEOWNER FORUM
Members in attendance provided input on the following non-agenda items during open forum:
• Presentation by the Los Angeles Emergency Preparedness Foundation Community Brigade Program.
• Office hours.
• Proposed pet adoption day event.

10. MANAGEMENT REPORT
General Manager Erin Tudron reported on the following topics:
• The 2024 community wide road repair project began on November 18, 2024 along Eldorado Meadow Rd, with the work being performed by Champion Paving. Repair work is scheduled to take place from November 18th to 22nd and from December 2nd to 20th, with no work planned for the week of Thanksgiving. All pertinent notifications on the schedule of construction work, timeline and information for affected residents will be sent out accordingly.
• The equipment for the replacement of the Community theater audio and lighting equipment is already being delivered. The installation of the new equipment is scheduled to take place from December 9th to December 20th. This project was approved Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 by the Board of Directors at the October 15, 2024 General Session Meeting. The total approved cost of the project is $119,000.
• The replacement of the footing at the Lewis and Clark arena was completed on November 4, 2024. This project was approved by the Board at its July 16, 2024 General Session meeting and is being performed by Footings West. The total approved cost of the project is $55,750.
• Jed Smith Slope Failure: Geo Soils and Epoch have completed the approved geological inspection and site survey to address the 2 slope failures. This work was approved by the Board of Directors at its August 20, 2024 General Session meeting. The inspection reports and site survey are complete, and Epoch has finalized their grading and drainage repair plan. The plan is currently out to bid.
• The first phase of the annual trail maintenance plan with JR Construction commenced on September 30, 2024, and work on the trails is progressing well. As a reminder, we kindly ask all homeowners to ensure their landscapers inspect the perimeters of their properties to confirm that no vegetation is encroaching onto the bridle trails or hanging over the 3-rail fences. Homeowners who need to address such vegetation have been notified by the office. We appreciate everyone’s cooperation in maintaining the beauty and safety of our trails. JR Construction will be monitoring the trails during the rainy season and addressing any issues as needed.
• HHCA Annual Director Election is scheduled for Tuesday, January 21, 2025. The Inspector of Elections mailed out the required 60-day general notice to the membership on November 15, 2024, which listed the names of the candidates. While we have 4 candidates running for 4 open board seats, the Association is required to proceed with the Annual Election and will need to obtain quorum in order to appoint the 4 candidates. The Inspector of Elections will be mailing the secret ballots to the membership by December 17, 2024.
• The 2024/2025 Annual Assessment invoices were sent out on October 7th via email and US Mail. The due date by which all annual assessments must be paid was November 10th. All unpaid assessments will be considered delinquent if not received, post marked or brought into the management office by December 10th and subject to the Association’s Collection Policy.
• Since there are 4 candidates running for 4 open seats on the Board, the Association will host a “Meet the Candidates” event instead of a traditional Candidate Forum. This informal gathering will take place on Thursday, December 5, 2024 from 6pm to 7pm at the Rec Center, providing members with the opportunity to meet the candidates, ask questions, and discuss key topics.
• A Call for Committee Members will be going out to the Community on Monday, December 2, 2024, for the 2025-year. Committee members will be appointed/reappointed at the January 21, 2025 General Session meeting. • The Association office will be closed on Thursday, November 28th and Friday, November 29th in observance of the Thanksgiving holiday. Additionally, work is not permitted in the community these days, according to the Association’s Gate Operation Manual and the City’s Municipal Code. This includes pool maintenance and gardeners.

Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 Hidden Hills Community Association | General Session Minutes | November 19, 2024 • As a part of our ongoing efforts to maintain the aesthetic and safety standards of our community, we kindly remind residents to inspect and address any necessary repairs or maintenance on their properties, including:
− Repairing and painting 3-rail fences to ensure they are in good condition and consistent with community guidelines.
− Replacing faded or damaged name signs to maintain clear identification of your property.
− Repairing or replacing mailboxes that are faded, rusted, or damaged.

11. NEXT MEETING DATE
The Board of Directors discussed the cancellation of the December General Session meeting due to the holidays. The next General Session meeting of the HHCA Board of Directors would be held Tuesday, January 21, 2025 at 6:30 P.M. via Zoom Video Conference.

Motion: Bellissimo
Second: Tenenbaum
Resolution: The Board of Directors approved the cancellation of the December General Session meeting. The next General Session meeting of the HHCA Board of Directors is scheduled for Tuesday, January 21, 2025 at 6:30 P.M. via Zoom Video Conference.

12. ADJOURNMENT
There being no further business to conduct in General Session, the meeting was adjourned at 8:32 P.M.

ATTEST:
______________________________ _____________________________ Signature Approved Date
Docusign Envelope ID: EA6CB578-937A-4DC3-BBA6-CF821182F689 1/22/2025

Larry G. Weber, Mayor
Joe Loggia, Mayor Pro Tem
Eniko Gold, Council Member
Laura McCorkindale, Council Member
Adam Wasserman, Council Member

TO: Honorable Mayor and City Council
FROM: Gloria Molleda, Interim City Manager
DATE: February 10, 2025
SUBJECT: EMERGENCY OPERATIONS PLAN (EOP) UPDATE – CONSULTANT PROPOSAL

BACKGROUND
The City of Hidden Hills continues to enhance its Emergency Operations Plan (EOP)a to align with state and federal guidelines and ensure readiness for emergency situations. Following the City’s current EOP, staff engaged KJ Consultants to assess the plan and propose necessary updates.

DISCUSSION
KJ Consultants has provided a three-phase proposal to evaluate and improve the City’s EOP. However, project 3 (EOP Training and Exercise) will not be necessary, as these responsibilities will be handled inhouse by Public Safety Manager Mike Grant.

The consultant has proposed two key components for Council consideration. The first, EOP Crosswalk/Gap Analysis (Project 1) ($5,200), involves a comprehensive review of the City's current Emergency Operations Plan (EOP) to identify gaps and ensure alignment with state and federal emergency management standards. This analysis will result in a detailed report outlining necessary updates to maintain compliance and enhance operational effectiveness. The second component, EOP Update (Project 2) ($11,500), builds on the findings from the gap analysis by incorporating modifications and updates to the EOP, ensuring it reflects the most current emergency preparedness guidelines. The final product will be a fully updated EOP that meets all regulatory requirements and strengthens the City's overall emergency response framework.

FISCAL IMPACT
The combined cost for Project 1 and Project 2 is $16,700. Funding for this update will be covered under the City’s emergency management budget. The removal of Project 3 ($10,500) results in significant cost savings.

Emergency Operations Plan Update

Page 2 ends

Hidden Hills City CouncilFebruary 10, 2025

Hidden Hills City Council
February 10, 2025