Agenda packet — Imperial Beach City Council, September 21, 2022 (part 1 of 4)

City Council Agenda
Regular Meeting - 6:00 p.m.

Wednesday, September 21, 2022
Council Chambers
825 Imperial Beach Boulevard
Imperial Beach, CA 91932

THE CITY COUNCIL ALSO SITS AS THE IMPERIAL BEACH PLANNING COMMISSION, PUBLIC

FINANCING AUTHORITY, HOUSING AUTHORITY, AND IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY.

Public Comments: Members of the public can participate in-person at the City Council meeting to provide public comments.

Members of the public can also submit written comments prior to the City Council meeting via e-mail at:
[email protected].

Copies of the written comments received by noon on the day of the City Council meeting will be provided to the City Council and be made available to the public at the City Council meeting. They will be part of the official record of the meeting, but they will not be read aloud at the meeting.

Members of the public who wish to watch City Council meetings, are encouraged to stream from the City website at: https://www.imperialbeachca.gov/council_meetings.

Pages

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE

4. COMMUNICATIONS FROM CITY STAFF

5. PUBLIC COMMENT
Each person wishing to address the City Council regarding items not on the posted agenda may do so at this time. In accordance with State law, Council may not take action on an item not scheduled on the agenda. If appropriate, the item will be referred to the City Manager or placed on a future agenda.

6. PRESENTATIONS

6.a. RECOGNITION OF NATIONAL HISPANIC HERITAGE MONTH. (0410-30) 6 Recommendation:

Approval of Proclamation recognizing September 15, 2022, through October 15, 2022, as National Hispanic Heritage Month in the City of Imperial Beach

6.b. PRESENTATION BY BILL GANLEY, CHIEF OF HUMANE LAW
ENFORCEMENT, SAN DIEGO HUMANE SOCIETY. (0200-05)*
*No staff report.

7. CONSENT CALENDAR
All matters listed under Consent Calendar are considered to be routine by the City Council and will be enacted by one motion. There will be no separate discussion of these items, unless the item is removed from the Consent Calendar by action of the City Council. A Councilmember or member of the public may make a comment on any item on the Consent Calendar.

Recommendation:

To approve Consent Calendar Item Nos. 7.a. through 7.i.

7.a. RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM AUGUST 5, 2022 TO SEPTEMBER 2, 2022. (0300-25)
8 Recommendation:

Staff is requesting that the City Council ratify and file the Warrant Register Report.

7.b. RECEIVE TREASURER’S REPORT FOR JULY 2022. (0300-90) 28 Recommendation:

Staff recommends that the City Council receive and file the July 2022 Treasurer's Report.

7.c. SECOND READING AND ADOPTION OF ORDINANCE 2022-1217, AMENDING CHAPTER 3.06.020 OF THE MUNICIPAL CODE, RELATING TO

THE UNIFORM PUBLIC CONSTRUCTION COST ACCOUNTING ACT LIMITS (0300-95)
52 Recommendation:

Conduct the second reading, waive further reading and adopt Ordinance No. 2022-1217.

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7.d. RESOLUTION 2022-69 CONTINUING THE PROCLAMATION OF A STATE

OF LOCAL EMERGENCY RELATING TO IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER. (0150-40 & 0210-26)
57 Recommendation:

Adopt Resolution No. 2022-69 to maintain a state of local emergency related to the cross-border pollution impacts from the Tijuana River and authorize the City Manager, Mayor, and Council members to work with local, State, Federal, and Mexican authorities to advance binational projects to improve conditions in the Tijuana River.

7.e. RESOLUTION NO. 2022-71 REVISING AN AGREEMENT BETWEEN THE CITY OF IMPERIAL BEACH AND AZTEC LANDSCAPING, INC. (0940-10) 61 Recommendation:

Adopt Resolution No. 2022-71 to increase the not to exceed agreement with Aztec Landscaping to $175,000.

7.f. RESOLUTION 2022-75 TO ACCEPT AND APPROPRIATE $812,262 IN CLEAN CALIFORNIA LOCAL GRANT FUNDS FOR THE 10TH
STREETSCAPE ENHANCEMENTS PROJECT (S22107) PER GRANT
APPLICATION AMENDMENT A2. (0390-86 & 0720-25)
65 Recommendation:

Adopt Resolution 2022-75 to accept and appropriate $812,262 in Clean California Local Grant funds.

7.g. RESOLUTION NO. 2022-68 AND SA-22-83 APPROVING AND ADOPTING

THE AMENDMENTS TO CITY OF IMPERIAL BEACH INVESTMENT POLICY

AND DELEGATING THE CITY TREASURER THE AUTHORITY TO INVEST AND REINVEST. (0350-95 & 0418-95)
69 Recommendation:

Approve and adopt Resolution No. 2022-68 by the City Council and SA-22-83 by the Successor Agency authorizing the amendments to the City of Imperial Beach Investment Policy and delegating to the City Treasurer the authority to invest and reinvest the City’s financial assets.

7.h. SECOND READING AND ADOPTION OF ORDINANCE NO. 2022-1218

APPROVING AMENDMENT TO THE RETIREMENT CONTRACT BETWEEN
THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (CalPERS) TO INCLUDE COST SHARING FOR CLASSIC GROUPS (0520-70)
123
Recommendation:

Conduct the second reading, waive further reading and adopt Ordinance No. 2022-1218.

7.i. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL

BEACH, CALIFORNIA, CONTINUING THE PROCLAMATION OF A STATE OF AN ONGOING LOCAL EMERGENCY RELATED TO COVID-19. (0210-25) 136
Recommendation:

Approve Resolution No. 2022-76.

8. ORDINANCES/INTRODUCTION & FIRST READING
None.

9. PUBLIC HEARINGS

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9.a. RAISING CANE’S (APPLICANT); CP-21-0004, CUP-21-0004, DRC-21-0017, SPR-21-0018, AND CEQA CLASS 32 EXEMPTION FOR A NEW DRIVETHROUGH RAISING CANE’S RESTAURANT AND OUTDOOR PATIO AT 900 PALM AVE (APN 626-212-36-00). USE-21-0054. (0600-20)
141
Recommendation:

That the City Council adopt Resolution 2022-73, approving Regular Coastal Permit (CP-21-0004), Conditional Use Permit (CUP-21-0004), Design Review Case (DRC-21-0017), Site Plan Review (SPR-21-0018), and a categorical exemption pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15332 Class 32 (In-fill Development Projects) proposing to demolish an existing building and construct a new Raising Cane’s restaurant with a drive-through facility at 900 Palm Ave (APN 626-212-36-00) in the C/MU1 (General Commercial and Mixed Use) Zone subject to the conditions as specified in the attached resolution.

9.b. MATT MORGAN, IB FORUM (APPLICANT): CP-22-0015, CUP-22-0012, DRC-22-0028, SPR-22-0029, & CEQA EXEMPTION PER CEQA GUIDELINES 15303 FOR A 527 SQUARE FOOT PATIO EXPANSION TO THE EXISTING IB FORUM AT 1079 SEACOAST DRIVE. USE-22-0092. (0600-20)
408
Recommendation:

That the City Council adopt Resolution 2022-74, approving Regular Coastal Development Permit (CP-22-0015), Conditional Use Permit (CUP-22-0012), Design Review Case (DRC-22-0028), Site Plan Review (SPR-22-0023) and Categorical Exemption pursuant to California Environmental Quality Act (CEQA) Guidelines Section 15303 Class 3e (New Construction or Conversion of Small Structures) for the proposed attached 527 square foot exterior covered patio addition to the existing IB Forum restaurant at 1079 Seacoast Drive (APN 625-392-23-00) in the C/MU-2 (Seacoast Commercial & Mixed-Use) Zone.

10. REPORTS

10.a. INVESTMENT UPDATE PRESENTED BY CHANDLER ASSET
MANAGEMENT. (0350-90)
464
Recommendation:

Staff recommends the City Council receive and file the investment update report from Chandler Asset Management.

10.b. REPORT ON THE BAYSHORE BIKEWAY RESILIENCY PROJECT –

CREATION OF A COASTAL RESILIENCE CORRIDOR IN IMPERIAL
BEACH. (0680-20)
465
Recommendation:

That the City Council receive the report and presentation from staff on the Bayshore Bikeway Resiliency Project – Creation of a Coastal Resilience Corridor in Imperial Beach and provide staff with a recommendation on the preferred options for the three segments and comments on the proposed project concepts and design.

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10.c. RESOLUTION NO. 2022-70 ADOPTING THE LOCAL ROADWAY SAFETY PLAN. (0750-90)
483
Recommendation:

Approve Resolution 2022-70 adopting the Local Roadway Safety Plan

1. Direct staff to develop the short-term improvements and pursue grant funding

2. 10.d. CONSIDERATION OF RESOLUTION NO. 2022-72 APPROVING POLICY NO. 618 A CITY COUNCIL POLICY- MURALS ON PUBLIC PROPERTY. (0410-95)
557
Recommendation:

Staff recommends the City Council consider approving Resolution No. 2022- 72 approving City Council Policy number 618 for murals on public property.

10.e. UPDATE ON ACTIONS TAKEN TO ADDRESS THE CONCERNS RAISED

BY THE RESIDENTS OF THE MIRAMAR MOBILE HOME PARK IN
IMPERIAL BEACH. (0660-30)
573
Recommendation:

Staff recommends the City Council receive the report and provide direction to the City Manager to proceed with the current effort or to explore other options.

11. I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY REPORTS
See Consent Calendar Item No. 7.g.

12. ITEMS PULLED FROM THE CONSENT CALENDAR (IF ANY)

13. REIMBURSEMENT DISCLOSURES/REPORTS ON ASSIGNMENTS AND

COMMITTEES
All City Council assignments are available for review in the City Clerk’s Office.

14. CITY COUNCIL FUTURE AGENDA REQUESTS

15. ADJOURN REGULAR MEETING

THE CITY COUNCIL ALSO SITS AS THE IMPERIAL BEACH PLANNING

COMMISSION, PUBLIC FINANCING AUTHORITY, HOUSING AUTHORITY, AND IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY.

IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT AND CALIFORNIA GOVERNMENT CODE SECTION 54953(e), THE CITY OF IMPERIAL

BEACH REQUESTS THAT INDIVIDUALS WHO REQUIRE REASONABLE

ACCOMMODATION TO FULLY PARTICIPATE IN THIS MEETING CONTACT THE CITY CLERK’S OFFICE AT (619) 628-2347 OR TTY 711 AS SOON AS POSSIBLE

DURING REGULAR BUSINESS HOURS AND NOT LATER THAN AT LEAST TWELVE (12) HOURS IN ADVANCE OF THE MEETING TO DISCUSS YOUR ACCESSIBILITY NEEDS.

ANY WRITINGS OR DOCUMENTS PROVIDED TO A MAJORITY OF THE CITY

COUNCIL/PLANNING COMMISSION/PUBLIC FINANCING AUTHORITY/HOUSING AUTHORITY/I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY

REGARDING ANY ITEM ON THIS AGENDA WILL BE MADE AVAILABLE FOR

PUBLIC INSPECTION ON THE CITY'S WEBSITE AT
https://www.imperialbeachca.gov/council_meetings

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P a g e | 1
September 21, 2022
ITEM TITLE: RECOGNITION OF NATIONAL HISPANIC HERITAGE MONTH. (0410-30) ORIGINATING DEPARTMENT:

City Manager
EXECUTIVE SUMMARY:

September 15 through October 15 of each year is designated as National Hispanic Heritage Month. Approval of the Proclamation will allow the City of Imperial Beach to recognize and celebrate the many contributions of Hispanics and Hispanic Americans in the community.

RECOMMENDATION:

Approval of Proclamation recognizing September 15, 2022, through October 15, 2022, as National Hispanic Heritage Month in the City of Imperial Beach OPTIONS:
 Approval of the Proclamation
 Denial of the Proclamation
BACKGROUND/ANALYSIS:

Each year, National Hispanic Heritage Month is observed between September 15 and October 15, by celebrating the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and Central and South America. The observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson and was expanded by President Ronald Reagan in 1988 to cover a 30-day period starting on September 15 and ending on October 15.

The day of September 15 is significant because it is the anniversary of independence for Latin American countries Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, Mexico and Chile celebrate their independence days on September 16 and September 18, respectively. Also, Columbus Day or Día de la Raza, which is October 12, falls within National Hispanic Heritage Month.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

ATTACHMENTS: Proclamation

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Attachment 1

HISPANIC HERITAGE MONTH
WHEREAS, the City of Imperial Beach encourages and promotes strong and inclusive communities that recognize and celebrate efforts to bring people together for a greater good; and WHEREAS, the City of Imperial Beach commemorates the strong and visible roots of Hispanic heritage in the national, regional and local landscape of our nation; and WHEREAS, beginning nearly 480 years ago, the recorded Hispanic Heritage has been a part of the DNA of American culture with undeniable influence in education, public safety, infrastructure, economic development, culinary arts and governance; and WHEREAS, in the words of Cesar Chavez “Preservation of one’s own culture does not require contempt or disrespect for other cultures” and therefore celebrate the contributions of the robust Hispanic Heritage; to include Argentina, Belize, Bolivia, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Puerto Rico, Paraguay, Peru, Spain, Uruguay, Venezuela; and WHEREAS, the City of Imperial Beach is proud of the Mexican heritage that includes Indian and Spanish blood and most proud of all the humanity, and centuries of hope and sacrifice, called MexicanAmerican, Chicano, Latino, Spanish, Tejano, Latin-x or Hispanic.

NOW, THEREFORE, BE IT RESOLVED, that I, Serge Dedina, Mayor of the City of Imperial Beach, California, together with the City Council, proclaim that on this day, September 21, 2022, we recognize Thursday, September 15, 2022 through Saturday, October 15, 2022 as National Hispanic Heritage Month.

Dated: September 21, 2022

Serge Dedina, Mayor

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September 21, 2022
ITEM TITLE: RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM AUGUST 5, 2022 TO SEPTEMBER 2, 2022. (0300-25)
ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

Staff is recommending that the City Council ratify the accompanying Warrant Register for the period from August 5, 2022 to September 2, 2022 in the amount of $ 1,998,060.55.

RECOMMENDATION:

Staff is requesting that the City Council ratify and file the Warrant Register Report.

OPTIONS:
 Receive and file the report from the City Manager
 Provide direction to the City Manager to take a specific action  Request additional information and an additional report BACKGROUND/ANALYSIS:

The City of Imperial Beach issues accounts payable and payroll disbursements on a regular basis and presents it to the City Council for ratification at its next regular scheduled meeting. The attached Warrant Register containing checks and electronic funds transfers for the period from August 5, 2022 to September 2, 2022 in the amount of $ 1,998,060.55 is being presented for ratification by the City Council. Payments have been reviewed and approved by the appropriate department staff. The Finance Director or designee certifies the accuracy of the attached register and the availability of funds for payment.

Warrants above $100,000 have been highlighted and explained in the table below:

VENDOR CHECK DESCRIPTION AMOUNT
JERUSALEM CONSTRUCTION CK99686 ADA RAMPS 113,002.50
GREENFIELDS OUTDOOR CK99718 SENIOR FITNESS EQP 128,072.16 CALPERS DFT0005616 AUG22 MEDICAL 103,262.39

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The following registers are submitted for Council ratification:

Accounts Payable:

DATE CHECK NUMBER AMOUNT(S)
8/11/2022 CK99601-CK99640 156,370.64
8/18/2022 CK99641-CK99676 231,611.06
8/25/2022 CK99677-CK99707 289,590.51
9/1/2022 CK99708-CK99740 297,707.18
Sub-Total $ 975,279.39

DATE EFT/DRAFT NUMBER AMOUNT(S)
8/5/2022 1476-1480; DFT0005471-88; DFT0005492-95;
DFT0005497; DFT0005616
262,316.03
8/9/2022 DFT0005508-09 63.47
8/11/2022 DFT0005506-DFT0005507 10.99
8/12/2022 1481 57.76
8/15/2022 DFT0005531 368.05
8/19/2022 1482-1486; DFT0005534; DFT0005540;
DFT0005544-62; DFT0005566-71
163,450.68
8/29/2022 DFT0005606-07; DFT0005609 577.98
9/2/2022 DFT0005608; DFT0005617-35; DFT0005639-44 145,925.56 Sub-Total $ 572,770.52
Total reflected in the attached Expense Approval Report: $ 1,548,049.91 Payroll Checks/Direct Deposits:

DATE CHECK/EFT NUMBER AMOUNT(S)
8/18/2022 CK48803-CK48808; EFT0000103;
REVERSE CK48676 & CK48693
226,441.35
9/1/2022 CK48809-CK48813; EFT0000104 223,569.29
Sub-Total 450,010.64
TOTAL: $ 1,998,060.55
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

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FISCAL ANALYSIS:

Warrants are issued from budgeted funds and there is no additional impact on reserves.

ATTACHMENTS:

ATT 1 - Expense Approval Report 08.05.2022-09.02.2022

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9/2/2022 12:29:12 PM Page 1 of 17
Expense Approval Report
Imperial Beach, CA By (None)
Payment Dates 8/5/2022 - 9/2/2022
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/05/2022 1476 FORESTERS INVESTOR SERVICE…FORESTERS 529 PLAN PPE 07/… PPE 07-28-2022 101-0000-209.0122 50.00 08/05/2022 1477 I B FIREFIGHTERS ASSOCIATION IBFA DUES ACH PPE 07/28/22 PPE 07-28-2022 101-0000-209.0108 400.00 08/05/2022 1478 ICMA RETIREMENT TRUST 457 ICMA % PPE 07/28/22 PPE 07-28-2022 101-0000-209.0110 2,039.83 08/05/2022 1478 ICMA RETIREMENT TRUST 457 ICMA CITY-PAID PPE 07/28/22 PPE 07-28-2022 (2) 101-0000-209.0110 2,269.25 08/05/2022 1478 ICMA RETIREMENT TRUST 457 ICMA FIXED PPE 07/28/22 PPE 07-28-2022 (3) 101-0000-209.0110 7,133.06 08/05/2022 1479 SEIU LOCAL 221 SEIU DUES ACH PPE 07/14/22 … PPE 07-28-2022 101-0000-209.0108 23.04 08/05/2022 1479 SEIU LOCAL 221 SEIU DUES ACH PPE 07/28/22 PPE 07-28-2022 101-0000-209.0108 831.90 08/05/2022 1480 US BANK PARS PPE 06/02/22 PR CORRE… PPE 07-28-2022 101-0000-209.0120 133.74 08/05/2022 1480 US BANK PARS ACH PPE 07/14/22 HUB… PPE 07-28-2022 101-0000-209.0120 66.12 08/05/2022 1480 US BANK PARS ACH PPE 07/28/22 PPE 07-28-2022 101-0000-209.0120 3,116.80 08/12/2022 1481 US BANK PARS ACH PPE 07/28/22 OATS PPE 07-28-2022 OATS 101-0000-209.0120 57.76 08/19/2022 1482 FORESTERS INVESTOR SERVICE…FORESTERS 529 PLAN PPE 08/… PPE 08-11-2022 101-0000-209.0122 50.00 08/19/2022 1483 I B FIREFIGHTERS ASSOCIATION IBFA DUES ACH PPE 08/11/22 PPE 08-11-2022 101-0000-209.0108 400.00 08/19/2022 1484 ICMA RETIREMENT TRUST 457 ICMA % PPE 08/11/22 PPE 08-11-2022 101-0000-209.0110 2,297.53 08/19/2022 1484 ICMA RETIREMENT TRUST 457 ICMA CITY-PAID PPE 08/11/22 PPE 08-11-2022 (2) 101-0000-209.0110 2,269.25 08/19/2022 1484 ICMA RETIREMENT TRUST 457 ICMA FIXED PPE 08/11/22 PPE 08-11-2022 (3) 101-0000-209.0110 8,082.85 08/19/2022 1485 SEIU LOCAL 221 SEIU DUES ACH PPE 08/11/22 PPE 08-11-2022 101-0000-209.0108 764.18 08/19/2022 1486 US BANK PARS ACH PPE 08/11/22 PPE 08-11-2022 101-0000-209.0120 3,073.30 08/11/2022 99601 ADAM WRAIGHT JUNIOR LG WATER SLIDE REN… 552835 101-3035-423.3002 185.00 08/11/2022 99602 ADDISON MCMANUS JUNIOR LG CAPTAIN STIPEND 7/19/2022 101-3035-423.2808 750.00 08/11/2022 99603 AGRICULTURAL PEST CONTROL 4/21/22 MONTHLY BIRD CON… 635122 101-6040-454.2022 220119 500.00 08/11/2022 99603 AGRICULTURAL PEST CONTROL 7/21/2022 MONTHLY BIRD C… 648994 101-6040-454.2022 230013 500.00 08/11/2022 99604 ASBURY ENVIRONMENTAL SE… USED METAL OIL AND GASOLI… I500-00849260 501-1921-419.2104 55.00 08/11/2022 99605 ASUME ADMINISTRATOR ORDER D AL2004-1730 CASE 0… 08-04-2022 101-0000-209.0107 64.80 08/11/2022 99606 BRIZO, INC PIER TOWER UPS AND MAIN S… 21-0396 101-3030-423.2104 1,730.25 08/11/2022 99607 CALIFORNIA AMERICAN WATER 505 HWY 75 IRRG 07/06/22-08…1015-210018811916 08/05/22 101-1910-419.2702 86.46 08/11/2022 99607 CALIFORNIA AMERICAN WATER 400 1/2 PALM AVE IRRIG 07/0… 1015-210019027905 08/04/22 101-1910-419.2702 620.02 08/11/2022 99607 CALIFORNIA AMERICAN WATER 950 OCEAN LN 07/02/22-08/0… 1015-210019276868 08/04/22 601-5060-436.2702 275.37 08/11/2022 99607 CALIFORNIA AMERICAN WATER 90 IMPERIAL BEACH BLVD IRRI… 1015-210019278093 08/04/22 101-6020-452.2702 52.52 08/11/2022 99607 CALIFORNIA AMERICAN WATER 1150 SEACOAST DR IRRIG 07/0…1015-210019278895 08/04/22 101-6020-452.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 1234 SEACOAST DR IRRIG 07/0…1015-210019279782 08/04/22 101-6020-452.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 1322 SEACOAST DR IRRIG 07/0…1015-210019357057 08/04/22 601-5060-436.2702 141.80 08/11/2022 99607 CALIFORNIA AMERICAN WATER 90 DESCANSO IRRIG 07/02/22… 1015-210019359015 08/04/22 101-6020-452.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 90 ENCANTO AVE IRRIG 07/02… 1015-210019360534 08/04/22 101-6020-452.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 1685 SEACOAST DR IRRIG 07/0…1015-210019481684 08/04/22 101-6020-452.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 105 IMPERIAL BEACH BLVD 07… 1015-210019482014 08/04/22 101-1910-419.2702 154.75 08/11/2022 99607 CALIFORNIA AMERICAN WATER 981 2ND ST 07/02/22-08/02/22 1015-210019600799 08/04/22 101-6020-452.2702 569.48 08/11/2022 99607 CALIFORNIA AMERICAN WATER HY MT 48200762 07/07/22-08… 1015-210020125977 08/08/22 101-6020-452.2702 43.90 ATTACHMENT 1

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/11/2022 99607 CALIFORNIA AMERICAN WATER 950 OCEAN LN 4 IN FIRE 08/05…1015-210020153385 08/08/22 101-6020-452.2702 44.44 08/11/2022 99607 CALIFORNIA AMERICAN WATER 825 IMPERIAL BEACH AVE 07/… 1015-210020154739 08/08/22 101-1910-419.2702 43.90 08/11/2022 99607 CALIFORNIA AMERICAN WATER 170 PALM AVE 64154527 07/0…1015-220036553772 08/08/22 101-6020-452.2702 18.36 08/11/2022 99607 CALIFORNIA AMERICAN WATER 170 PALM AVE 60765844 07/0…1015-220036553789 08/04/22 101-6020-452.2702 86.46 08/11/2022 99608 CHLOE O'KEEFE JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 200.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63711 101-6020-452.2104 220093 49.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63728 101-6020-452.2104 220093 55.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63744 101-6020-452.2104 220093 39.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MON. REC C… 63745 101-6020-452.2104 220093 45.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63750 101-6020-452.2104 220093 49.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63759 101-6020-452.2104 220093 30.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63760 101-6020-452.2104 220093 30.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64055 101-1910-419.2023 230045 49.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64078 101-1910-419.2023 230045 55.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64092 101-1910-419.2023 230045 39.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONIT REC … 64093 101-1910-419.2023 230045 45.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64098 101-1910-419.2023 230045 49.95 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64109 101-1910-419.2023 230045 30.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64110 101-1910-419.2023 230045 45.00 08/11/2022 99609 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64233 101-1910-419.2023 230045 59.95 08/11/2022 99610 CINTAS CORPORATION PUBLIC WORKS UNIFORMS 4127175875 101-5020-432.2503 230040 261.17 08/11/2022 99610 CINTAS CORPORATION FACILITIES MATS 4127175942 101-1910-419.2006 230042 37.34 08/11/2022 99610 CINTAS CORPORATION FACILITIES MATS 4127858285 101-1910-419.2006 230042 37.34 08/11/2022 99610 CINTAS CORPORATION PUBLIC WORKS UNIFORMS 4127858324 101-5020-432.2503 230040 261.17 08/11/2022 99611 COLBY PATTBERG JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 750.00 08/11/2022 99612 COX COMMUNICATIONS AUG 2022 825 IB BLVD 001 31… 08-01-2022 8102 503-1923-419.2104 35.31 08/11/2022 99613 DIVISION OF THE STATE ARCHI…APR-JUN 2022 - SB1186 CONTR…08/08/2022 101-0000-371.8309 407.60 08/11/2022 99614 DUNN EDWARDS CORPORATI… FACILITIES PAINT SUPPLIES 2068269900 101-1910-419.3002 220023 510.04 08/11/2022 99615 EL TAPATIO CATERING 8/3/22 COUNCIL MEETING - CI… 20493 101-1010-411.2804 115.71 08/11/2022 99616 ETHAN WAHAMAKI JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 750.00 08/11/2022 99617 FLYERS ENERGY LLC 7/26/22 DELIVERY - 1 GAL TR… 22-594427 501-1921-419.2815 230065 325.70 08/11/2022 99617 FLYERS ENERGY LLC 7/28/22 DELIVERY - 800 GAL G…22-595945 501-1921-419.2815 230065 4,094.47 08/11/2022 99617 FLYERS ENERGY LLC 8/4/22 DELIVERY - 800 GAL GA…22-603470 501-1921-419.2815 230065 4,705.09 08/11/2022 99618 GRAINGER RECESSED AED CABINET 9391062891 101-6030-453.3002 301.09 08/11/2022 99619 HERITAGE INN OF IMPERIAL B… 50% TOT APR-JUN 2022 - RESO…08082022 101-0000-316.7049 53,910.41 08/11/2022 99620 JACOB WALLACE JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 750.00 08/11/2022 99621 JADEN FERNANDEZ JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 750.00 08/11/2022 99622 KANE MURRAY JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 175.00 08/11/2022 99623 KEALA BRADLEY JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 200.00 08/11/2022 99624 KILEY HOHENBERG JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 200.00 08/11/2022 99625 LUKE JANSSEN JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 200.00 08/11/2022 99626 MAINTEX, INC. AERAMAX PRO PREFILTERS (8) 899104-00 101-5000-532.2006 210302-R1 280.58 08/11/2022 99626 MAINTEX, INC. LINERS, DESINFECTANT, AERO… 913570-00 101-1910-419.3002 230047 395.14 08/11/2022 99626 MAINTEX, INC. LINERS, DESINFECTANT, AERO… 913570-00 101-6020-452.3002 230047 395.15

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/11/2022 99627 MOTOROLA PORTABLE RADIOS FOR COM… 8281417857 101-6010-451.5004 10,640.61 08/11/2022 99628 NEXUSPLAN, INC JUL22 BAYSHORE BIKEWAY RES…SP2111-14 214-5050-435.2006 210312 34,780.00 08/11/2022 99629 ODP BUSINESS SOLUTIONS, LL… BINDER, PUNCHER, LABEL, BI… 257271409001 101-6010-451.3001 131.21 08/11/2022 99630 PARKHOUSE TIRE INC TIRES DISPOSAL 3010370586 501-1921-419.2104 187.50 08/11/2022 99631 PRIDE INDUSTRIES JUL 2022 LABOR 193.5 HOURS ARI/21241315 101-6040-454.2104 230008 4,160.25 08/11/2022 99632 PRISCILLA VALDOVINOS 495 PALM AVE MONTHLY MAI… INV00017 101-6020-452.2801 180.00 08/11/2022 99633 READYREFRESH 6/21/22-7/20/22 - WATER DEL…12G0026726646 101-5020-432.3002 81.20 08/11/2022 99634 SDGE 425 IB BLVD 4 - 07/02/22-08/0…0001 7527 5377 6 08/08/22 101-6020-452.2701 605.39 08/11/2022 99634 SDGE 170 PALM AVE-E - 07/02/22-0… 0002 6464 5267 4 08/08/22 101-1910-419.2701 465.86 08/11/2022 99634 SDGE 186 PALM AVE - 07/02/22-08/… 0008 2432 9204 1 08/08/22 101-5010-431.2701 335.43 08/11/2022 99634 SDGE 1207 PALM AVE -06/29/22-07… 0019 1240 9272 3 08/03/22 101-5010-431.2701 11.85 08/11/2022 99634 SDGE 755 DELAWARE ST - 07/01/22-…0020 2498 4701 7 08/05/22 601-5060-436.2701 141.61 08/11/2022 99634 SDGE 425 IB BLVD 1- 06505898 - 07/…0020 8168 9127 3 08/08/22 101-6020-452.2701 360.06 08/11/2022 99634 SDGE 425 IB BLVD 1- 06571407 - 07/…0020 8168 9761 9 08/08/22 101-6010-451.2701 794.74 08/11/2022 99634 SDGE 425 IB BLVD 1-G - 07/02/22-08…0020 8169 2339 9 08/05/22 101-6010-451.2701 10.00 08/11/2022 99634 SDGE 425 IB BLVD A -IBLL CON - 07/… 0020 8170 0416 5 08/08/22 101-6010-451.2701 102.27 08/11/2022 99634 SDGE PALM BET 1ST/5TH D - 07/01/… 0027 4196 9935 9 08/04/22 101-5010-431.2701 304.37 08/11/2022 99634 SDGE PALM/HWY 75 MAIN DIST D - … 0028 1987 1631 5 08/04/22 101-5010-431.2701 2,500.81 08/11/2022 99634 SDGE 111 PALM AVE - 07/02/22-08/… 0035 1619 2790 2 08/08/22 101-5010-431.2701 396.83 08/11/2022 99634 SDGE 170 PALM AVE-G - 07/02/22-0… 0049 3035 3196 9 08/05/22 101-1910-419.2701 10.00 08/11/2022 99634 SDGE 1297 IB BLVD - 06/29/22-07/2… 0052 8034 0664 1 08/03/22 101-5010-431.2701 93.69 08/11/2022 99634 SDGE 427 IB BLVD - 07/02/22-08/02… 0054 5669 2895 1 08/08/22 101-6020-452.2701 208.48 08/11/2022 99634 SDGE 120 ELKWOOD AVE - 07/02/22…0054 5795 0654 7 08/08/22 101-5010-431.2701 63.64 08/11/2022 99634 SDGE 1259 IB BLVD - 06/29/22-07/2… 0055 7618 8054 1 08/03/22 101-5010-431.2701 12.53 08/11/2022 99634 SDGE 425 IB BLVD 3 - 07/02/22-08/0…0069 2100 3210 9 08/08/22 101-6020-452.2701 361.34 08/11/2022 99634 SDGE 1025 9TH STREET - 07/01/22-0…0087 7382 3642 4 08/05/22 601-5060-436.2701 1,542.68 08/11/2022 99634 SDGE 425 IB BLVD 2 - 07/02/22-08/0…0093 2789 8134 6 08/08/22 101-6020-452.2701 336.86 08/11/2022 99634 SDGE 100 1/2 PALM AVE - 07/02/22… 0094 7600 1698 9 08/08/22 101-5010-431.2701 626.62 08/11/2022 99634 SDGE 425 IB BLVD B - 07/02/22-08/… 0099 5669 3627 2 08/08/22 101-6010-451.2701 186.11 08/11/2022 99635 SHARP REES-STEALY MEDICAL …PRE-EMPLOYMENT PHYSICALS 368220147 101-1130-412.2104 1,078.00 08/11/2022 99636 SOUTHERN ALUMINUM MAN… TABLES FOR RECREATION & S… 150470 101-6030-453.3002 230017 11,473.06 08/11/2022 99637 SOUTHWEST SIGNAL JUL 2022 SIGNAL MAINTENAN… 81748 101-5010-431.2104 230016 720.00 08/11/2022 99638 TAVIA OSTHIMER JUNIOR LIFEGUARD CAPTAIN S…07/19/2022 101-3035-423.2808 750.00 08/11/2022 99639 TBT, INC. NEW FRAMES AND DOORS FO… 208385 101-1910-419.2801 4,917.00 08/11/2022 99640 VERIZON BUSINESS SERVICES JUN 2022 - SV202862 - FIRE D… 72287216 503-1923-419.2704 117.20 08/11/2022 99640 VERIZON BUSINESS SERVICES JUN 2022 - SV202861 - CITY H… 72287718 503-1923-419.2704 694.85 08/11/2022 99640 VERIZON BUSINESS SERVICES JUN 2022 - SV202863 - LIFEGU…72287725 503-1923-419.2704 123.62 08/18/2022 99641 AARON ANAVIM/1337 HOLLY … DEPOSIT REFUND FOR TEP-21-… R000120478 101-0000-221.0105 49,348.32 08/18/2022 99642 ACE UNIFORMS & ACCESSORIE…FIRE DEPARTMENT UNIFORMS 306661 101-3020-422.3002 590.42 08/18/2022 99643 AZTEC LANDSCAPING INC JUL 2022 LANDSCAPE & STOR… L1791 601-5060-436.2801 230067 2,644.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64374 101-1910-419.2023 230045 55.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64410 101-1910-419.2023 230045 49.95 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64425 101-1910-419.2023 230045 55.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64441 101-1910-419.2023 230045 39.95

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONIT REC… 64442 101-1910-419.2023 230045 45.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64447 101-1910-419.2023 230045 49.95 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64456 101-1910-419.2023 230045 30.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64457 101-1910-419.2023 230045 45.00 08/18/2022 99644 CHULA VISTA ALARM, INC AUG 2022 ALARM MONITORI… 64606 101-1910-419.2023 230045 59.95 08/18/2022 99645 CLEAN HARBORS JUL 2022 HHW MONTHLY SERV…1004250663 101-5040-434.2104 230009 1,713.42 08/18/2022 99646 COX COMMUNICATIONS 8/4/22-9/3-22 950 ocean ln 0… 08-04-2022 7001 503-1923-419.2104 245.18 08/18/2022 99646 COX COMMUNICATIONS 8/9/22-9/8/22 1075 8TH ST 00…08-10-2022 0302 503-1923-419.2104 100.00 08/18/2022 99647 DOWNSTREAM SERVICES, INC. 07/25/22 - SCHEDULED STOR… 12067 101-5050-435.2104 230010 1,353.00 08/18/2022 99648 DUNN EDWARDS CORPORATI… SPARTAWALLS, LUTRA-GRIP P… 2068273729 101-1910-419.3002 198.68 08/18/2022 99649 ECKENROTH PUBLICATIONS 7/7/22 NOTICE OF ELECTION … 136290 101-1020-411.2106 234.92 08/18/2022 99649 ECKENROTH PUBLICATIONS 7/14 PUBLICATION - 9TH ST I… 136363 101-5010-431.2006 135.00 08/18/2022 99650 EYEGATE DESIGN GRAPHIC HEADERS DESIGN FO…i080422-1 101-1020-411.2904 325.00 08/18/2022 99651 FIRE ETC FIRE FIGHTERS BOOTS, WILDL… 170917 101-3020-422.3002 1,823.13 08/18/2022 99652 GRANICUS, LLC. 8/2/22-9/1/23 DISCLOSURE D… 154678 101-1020-411.2104 1,413.13 08/18/2022 99653 HADRONEX, INC SMART COVER RENEWAL SRV… 22804 601-5060-436.2104 230049 8,164.00 08/18/2022 99654 JAVIER MAYORGA 8/3/2022 COUNCIL MEETING … 0032 101-1020-411.2104 425.00 08/18/2022 99655 KIMLEY-HORN AND ASSOCIAT… JUN 2022 PROJECT: FY22 CDBG 21824402 201-5000-532.2006 624.75 08/18/2022 99656 KPA LLC. AUG 2022 EHS PRO IPMA/ME… INV420457 101-1130-412.2006 230024 687.96 08/18/2022 99657 MCDOUGAL LOVE BOEHMER … JUL 2022 - LAW-MONTHLY RE… 102517 101-1220-413.2002 11,000.00 08/18/2022 99658 MICHAEL BAKER INTERNATIO… JUN 2022 - 9TH ST IMPROVEM…1153157 202-5016-531.2006 220259 1,173.73 08/18/2022 99658 MICHAEL BAKER INTERNATIO… JUN 2022 - 9TH ST IMPROVEM…1153157 214-5000-532.2006 220259 23,431.22 08/18/2022 99659 MIDAMERICA ADMINISTRATIV…CY2022 Q2 ADMIN/PLATFORM…MAR0000020225 101-1210-413.2904 75.00 08/18/2022 99660 NBS GOVERNMENT FINANCE … CONTINUING DISCLOSURE RE… 202207-1479 303-1250-413.2006 125.00 08/18/2022 99660 NBS GOVERNMENT FINANCE … JUL 2022 COST ALLOCATION P… 202208-1601A 101-1210-413.2006 220109-R1 560.00 08/18/2022 99660 NBS GOVERNMENT FINANCE … JUL 2022 FEE STUDY 202208-1601B 101-1210-413.2006 220109-R1 1,745.00 08/18/2022 99661 NV5 INC MAY 2022 - PROFESSIONAL SE… 285376 601-5060-536.2006 8,560.00 08/18/2022 99661 NV5 INC MAY 2022 - PROFESSIONAL SE… 285376 601-5060-536.2006 220204 14,640.00 08/18/2022 99661 NV5 INC JUN 2022 - PROFESSIONAL SE… 285397 601-5060-536.2006 25,520.00 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… CALENDAR, ORGANIZERS, DRY… 254026310001 101-5020-432.3001 194.10 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… SCISSORS (2), CLEANING (4) 254049730001 101-5020-432.3001 39.24 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… COVER PORTFOLIOS (2) 256809620001 101-1130-412.3002 19.97 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… POS IT NOTES, MANILA FOLDE… 257271770001 101-6010-451.3001 81.89 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… SIGNFRAME 257271771001 101-6010-451.3001 70.24 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… LITERATURE ORGANIZER 257271784001 101-6010-451.3001 51.68 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… PEN HOLDER 257271785001 101-6010-451.3001 11.19 08/18/2022 99662 ODP BUSINESS SOLUTIONS, LL… CUBE DRAWER 257271786001 101-6010-451.3001 30.55 08/18/2022 99663 OUTDOOR CREATIONS, INC. WASTE RECEPTACLES (4),DOO… 9442 401-5020-432.5004 220282 13,743.51 08/18/2022 99664 PARKHOUSE TIRE INC TIRES DISPOSAL 3010369105 501-1921-419.2816 230066 1,581.70 08/18/2022 99665 QWIK PRINTS LIVESCAN SERVICES FOR EMP… 222131628 101-1130-412.2006 20.00 08/18/2022 99665 QWIK PRINTS LIVESCAN SERVICES FOR VOL… 222131628 101-6030-453.2006 20.00 08/18/2022 99666 ROBERT HALF TECHNOLOGY WEEK-ENDED 8/5/22 F MARTI… 60489339 503-1923-419.2101 2,193.00 08/18/2022 99666 ROBERT HALF TECHNOLOGY WEEK-ENDED 8/12/22 F MART…60530903 503-1923-419.2101 2,040.00 08/18/2022 99667 SAN DIEGO GAS & ELECTRIC 07/01/22-08/01/22 0056 4977…08-10-2022 101-1910-419.2701 8,137.20

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/18/2022 99667 SAN DIEGO GAS & ELECTRIC 07/01/22-08/01/22 0056 4977…08-10-2022 101-5010-431.2701 12,219.70 08/18/2022 99667 SAN DIEGO GAS & ELECTRIC 07/01/22-08/01/22 0056 4977…08-10-2022 101-6020-452.2701 717.99 08/18/2022 99667 SAN DIEGO GAS & ELECTRIC 07/01/22-08/01/22 0056 4977…08-10-2022 601-5060-436.2701 4,813.80 08/18/2022 99668 SIGNAL HILL AUTO ENTERPRIS… ANTIBACTERIAL HAND LOTION…026682-01 101-6040-454.3002 230012 115.95 08/18/2022 99668 SIGNAL HILL AUTO ENTERPRIS… TOWEL 4000/CS (3), LIQUID H… 027261 101-6040-454.3002 230012 282.39 08/18/2022 99668 SIGNAL HILL AUTO ENTERPRIS… CAN LINER 100/CS (10), TOILET…027437 101-6040-454.3002 230012 935.22 08/18/2022 99668 SIGNAL HILL AUTO ENTERPRIS… ANTIBACTERIAL HAND LOTION…027437-01 101-6040-454.3002 230012 347.85 08/18/2022 99669 SOUTH COAST EMERGENCY V… HEATER VALVES FOR FIRE TRU… 507705 501-1921-419.2816 430.63 08/18/2022 99670 SOUTH COUNTY ECONOMIC FY23 ANNUAL MEMBERSHIP 928-22 101-1110-412.2812 3,500.00 08/18/2022 99671 SOUTHERN AUTO SUPPLY DBA…TIRE, PREASSURE GAUGE 11098-490466 501-1921-419.2816 39.14 08/18/2022 99671 SOUTHERN AUTO SUPPLY DBA…FILTERS FOR E-39, E-239, 69 11098-491788 501-1921-419.2816 439.51 08/18/2022 99672 SOUTHLAND WATER TECHNO… 1YR LEASE SYNECO PEACEMAK…080422-200 601-5060-436.3002 230050 15,427.99 08/18/2022 99673 SPARKLETTS 7/26 & 8/9 WATER DELIVERY -… 22581104 081122 101-5020-432.3002 230061 143.74 08/18/2022 99674 TERRA BELLA NURSERY, INC. 5G CALANDRINIA GRANDIFLO… 398173 101-6040-454.3002 263.75 08/18/2022 99675 THE SURF HUT LIFEGUARDS FULLSUIT 895627 101-3030-423.2503 587.09 08/18/2022 99675 THE SURF HUT POLARIZED GLASSES (37) 895628 101-3030-423.2503 3,621.38 08/18/2022 99676 TOTAL COMPENSATION SYST… GASB 75 FULL VALUATION - 2… 10798 101-1210-413.2006 2,205.00 08/25/2022 99677 ANITA KEREZSI 1ST OF 2 INSTALLMENT FY22-… I BEACH-23-1 101-1210-413.2006 2,400.00 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC EVALUATION - C.…SI-23863 502-1922-419.2904 150.00 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC EVALUATION - C.…SI-23864 502-1922-419.2904 150.00 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC EVALUATION - S.… SI-23865 502-1922-419.2904 150.00 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC CHAIR - C. BERG SI-24487 502-1922-419.2904 638.32 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC CHAIR - C. STEPH…SI-24818 502-1922-419.2904 660.95 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC CHAIR - S. FORTIN SI-24831 502-1922-419.2904 683.57 08/25/2022 99678 BRIOTIX HEALTH, LP ERGONOMIC CHAIR - S. BULLO…SI-24851 502-1922-419.2904 688.32 08/25/2022 99679 CALIFORNIA AMERICAN WATER 814 CYPRESS AVE 7/8/22-8/8/… 1015-210018820255 08/10/22 101-6020-452.2702 18.36 08/25/2022 99679 CALIFORNIA AMERICAN WATER 495 10TH ST 7/8/22-8/8/22 1015-210019058534 08/10/22 101-1910-419.2702 258.10 08/25/2022 99679 CALIFORNIA AMERICAN WATER 630 FLORIDA STREET 7/8/22-8… 1015-210019176067 08/10/22 101-1910-419.2702 661.62 08/25/2022 99679 CALIFORNIA AMERICAN WATER 1001 IRIS AVENUE 7/19/22-8/… 1015-210019176333 08/18/22 101-1910-419.2702 18.36 08/25/2022 99679 CALIFORNIA AMERICAN WATER 1250 PALM AVE IRRIG 7/8/22-… 1015-210019179080 08/10/22 101-6010-451.2702 747.71 08/25/2022 99679 CALIFORNIA AMERICAN WATER 840 IMPERIAL BEACH BLVD 7/… 1015-210019335248 08/17/22 101-6020-452.2702 2,138.37 08/25/2022 99679 CALIFORNIA AMERICAN WATER 820 IMPERIAL BEACH BLVD 7/… 1015-210019335347 08/17/22 101-1910-419.2702 714.80 08/25/2022 99679 CALIFORNIA AMERICAN WATER 825 IMPERIAL BCH,CITY OF 7/… 1015-210019335484 08/17/22 101-1910-419.2702 206.43 08/25/2022 99679 CALIFORNIA AMERICAN WATER 855 IMPERIAL BEACH BLVD 7/… 1015-210019335682 08/17/22 101-6020-452.2702 43.90 08/25/2022 99679 CALIFORNIA AMERICAN WATER 865 IMPERIAL BEACH BLVD 7/… 1015-210019335774 08/17/22 101-1910-419.2702 292.62 08/25/2022 99679 CALIFORNIA AMERICAN WATER 915 IB BLVD IRRIG 7/15/22-8/… 1015-210019335835 08/17/22 101-6020-452.2702 35.60 08/25/2022 99679 CALIFORNIA AMERICAN WATER 1025 9TH 7/15/22-8/15/22 1015-210019401916 08/17/22 101-6020-452.2702 18.36 08/25/2022 99679 CALIFORNIA AMERICAN WATER HY MT 007015344 7/7/22-8/4… 1015-210019512885 08/10/22 101-6020-452.2702 251.70 08/25/2022 99679 CALIFORNIA AMERICAN WATER 942 DONAX AVE IRRIG 7/19/22…1015-210019746893 08/18/22 101-6020-452.2702 18.36 08/25/2022 99679 CALIFORNIA AMERICAN WATER 711 ENCINA AVE 7/15/22-8/15…1015-210020277854 08/17/22 101-6020-452.2702 43.90 08/25/2022 99679 CALIFORNIA AMERICAN WATER 710 PALM AVE 7/13/22-8/10/… 1015-210020440898 08/12/22 101-1910-419.2702 176.68 08/25/2022 99679 CALIFORNIA AMERICAN WATER 701 5TH ST IRRIG 7/14/22-8/1… 1015-210020731235 08/15/22 101-6020-452.2702 18.36 08/25/2022 99679 CALIFORNIA AMERICAN WATER 425 IMPERIAL BEACH BLVD 7/… 1015-210021068268 08/15/22 101-1910-419.2702 187.06 08/25/2022 99679 CALIFORNIA AMERICAN WATER 401 IMPERIAL BEACH BLVD 7/… 1015-210021068367 08/15/22 601-5060-436.2702 4,426.69

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/25/2022 99679 CALIFORNIA AMERICAN WATER 423 IB BLVD IRRIG 7/14/22-8/… 1015-210021068541 08/15/22 601-5060-436.2702 137.51 08/25/2022 99679 CALIFORNIA AMERICAN WATER 845 ENCINA AVE IRRIG 7/15/2… 1015-210021082448 08/17/22 101-6020-452.2702 752.26 08/25/2022 99679 CALIFORNIA AMERICAN WATER 710 5TH STREET 7/14/22-8/11… 1015-220018914676 08/15/22 101-1910-419.2702 43.90 08/25/2022 99679 CALIFORNIA AMERICAN WATER HYDRANT METER #6 7/7/22-8… 1015-220029776225 08/10/22 101-6010-451.2702 256.66 08/25/2022 99679 CALIFORNIA AMERICAN WATER 582 IB BLVD IRRG 7/14/22-8/1…1015-220030150199 08/17/22 101-6020-452.2702 587.58 08/25/2022 99680 CHULA VISTA ALARM, INC JUN 2022 ALARM MONITORIN… 63760-2 101-1910-419.2023 15.00 08/25/2022 99680 CHULA VISTA ALARM, INC JUL 2022 ALARM MONITORING…64019 101-1910-419.2023 230045 10.05 08/25/2022 99681 CORODATA RECORDS MANAG… JUL 2022 RECORD STORAGE C… RS4820417 101-1230-413.2104 55.34 08/25/2022 99682 FIRST AMERICAN DATA TREE, … JUL 2022 DETAIL REPORT(9 O… 20045170722 101-3070-427.2104 250.00 08/25/2022 99683 FLYERS ENERGY LLC 8/11/22 DELIVERY - 986 GAL G…22-611469 501-1921-419.2815 230065 4,990.45 08/25/2022 99684 HOME DEPOT CREDIT SERVICES FIRE TRUCK ELECTRICAL CONN…10956 101-1910-419.2801 62.80 08/25/2022 99684 HOME DEPOT CREDIT SERVICES DRAIN SNAKE 10956 101-1910-419.3022 322.17 08/25/2022 99684 HOME DEPOT CREDIT SERVICES DRAIN CLEANER - D. COLAHAN 11008 101-1910-419.3002 10.75 08/25/2022 99684 HOME DEPOT CREDIT SERVICES DRYWALL BALL VALVE, BUCKET…12957 101-6010-451.2801 279.77 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SENIOR CTR SUPP: SPRAYER, … 1514816 101-6030-453.3002 43.05 08/25/2022 99684 HOME DEPOT CREDIT SERVICES VENTS FOR CLOSET DOOR - D.…2080628 101-1910-419.2801 34.05 08/25/2022 99684 HOME DEPOT CREDIT SERVICES RETURN - AIR GRILLE - D. COL… 2212613 101-1910-419.2801 -31.40 08/25/2022 99684 HOME DEPOT CREDIT SERVICES RETURN - CONNECTOR - D. CO…222913 101-1910-419.2801 -39.93 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: SAW KIT - A. RODR…2250561 501-1921-419.2816 183.79 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: MESH (2) - A. RO… 2341790 501-1921-419.2816 69.95 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: DEGREASER - A. R… 2442682 501-1921-419.2816 48.92 08/25/2022 99684 HOME DEPOT CREDIT SERVICES LIGHTS & AIR GRILLE FOR PW … 3063855 101-1910-419.2801 210.99 08/25/2022 99684 HOME DEPOT CREDIT SERVICES RETURN - STEP LADDER - J. CA… 3223136 101-6040-454.3022 -359.77 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SUPPLIES PLUG, TOWELS, FAST…3514658 101-6040-454.3002 52.60 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: 4 LED VAPORTIT… 3521447 601-5060-436.3002 462.55 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: 2 LED VAPORTIT… 3521448 601-5060-436.3002 212.20 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: TERMINAL ADA… 3531514 601-5060-436.3002 53.71 08/25/2022 99684 HOME DEPOT CREDIT SERVICES TIES, CANOPY, WRENCH, SCR… 3613291 101-6010-451.3002 248.09 08/25/2022 99684 HOME DEPOT CREDIT SERVICES ELECTRICAL PLUG - D. COLAH… 3614627 101-1910-419.2801 15.39 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: CLICK BINS (12) - A…3900553 501-1921-419.2816 64.26 08/25/2022 99684 HOME DEPOT CREDIT SERVICES DRYWALL REPAIR SUPPLIES - J.…4043903 101-6040-454.3002 34.92 08/25/2022 99684 HOME DEPOT CREDIT SERVICES ANCHORS FOR PAINT SHAKER -…4064804 101-1910-419.3002 9.17 08/25/2022 99684 HOME DEPOT CREDIT SERVICES TESTURE - J. GLORIA 4064890 101-6040-454.3002 30.15 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SQUEEGEE FOR JANITOR - D. … 4514575 101-1910-419.3002 30.14 08/25/2022 99684 HOME DEPOT CREDIT SERVICES PROPANE EXCHANGE - M. MO… 4521310 101-5010-431.3002 80.23 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: 90 DEG BELL, D… 4531400 601-5060-436.3002 481.50 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: TIDE PODS - D. … 4531401 601-5060-436.3002 24.00 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: ORGANIZER, NOZ… 5063588 501-1921-419.3002 171.85 08/25/2022 99684 HOME DEPOT CREDIT SERVICES TAPE, PLUGS, DRYWALL MUD -…5063593 101-1910-419.3002 63.10 08/25/2022 99684 HOME DEPOT CREDIT SERVICES FIRE TRUCK ELECTRICAL CONN…520552 101-1910-419.2801 39.95 08/25/2022 99684 HOME DEPOT CREDIT SERVICES HOSE, SPRAY BOTTLES FOR TR… 523255 101-5010-431.3002 88.20 08/25/2022 99684 HOME DEPOT CREDIT SERVICES TAPE, PRIMER - D. ARMS 530746 601-5060-436.3002 101.18 08/25/2022 99684 HOME DEPOT CREDIT SERVICES FD SUPP: BLADE, C BATTERIES …542539 101-3020-422.3002 249.78 08/25/2022 99684 HOME DEPOT CREDIT SERVICES WINDEX, GLOVES, TOWELS, W…5532270 101-6030-453.3002 119.91

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SHOP SUPP: TAPE, TOWEL ROL…63139 501-1921-419.3002 61.23 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SILICONE GUN - A. RODRIGUEZ 7012286 501-1921-419.2816 67.24 08/25/2022 99684 HOME DEPOT CREDIT SERVICES SEWER SUPP: 1-HOLE STRAP, … 7514310 601-5060-436.3002 30.28 08/25/2022 99684 HOME DEPOT CREDIT SERVICES ROLLERS & BUCKET GRID - M.… 7522180 101-5010-431.3002 52.24 08/25/2022 99684 101-1110-412.2808 275.20
08/25/2022 99684 101-3030-423.3002 75.10
08/25/2022 99684 101-1910-419.2801 29.02
08/25/2022 99684 501-1921-419.2816 118.65
08/25/2022 99684 101-1910-419.2801 -43.58
08/25/2022 99684 101-1910-419.2801 6.98
08/25/2022 99684 101-6040-454.3002 186.68
08/25/2022 99684 101-6030-453.3002 87.32
08/25/2022 99684 101-1910-419.2801 327.49
08/25/2022 99684 101-6040-454.3002 44.09
08/25/2022 99684 101-6040-454.3002 56.27
08/25/2022 99684 101-5010-431.3002 33.53
08/25/2022 99684 601-5060-436.3002 34.76
08/25/2022 99684 101-6040-454.3002 265.37
08/25/2022 99684 101-5010-431.3002 13.45
08/25/2022 99686 113,002.50
HOME DEPOT CREDIT SERVICES 4TH OF JULY SUPPLIES - T. SPE… 7970955 HOME DEPOT CREDIT SERVICES STINGRAY BUCKETS (10) - T. S… 7971801 HOME DEPOT CREDIT SERVICES DRAIN FOR PW JANITOR - D. C… 8011184 HOME DEPOT CREDIT SERVICES SHOP LUMBER - A. RODRIGUEZ 8012171 HOME DEPOT CREDIT SERVICES RETURN - SINK SUPPLIES - D. … 8212285 HOME DEPOT CREDIT SERVICES SINK FLANGES - D. COLAHAN 8520840 HOME DEPOT CREDIT SERVICES HAMMER, PLIERS, WRENCH, H…8520898 HOME DEPOT CREDIT SERVICES BOXES, PACKING PAPER, BUBB…8621740 HOME DEPOT CREDIT SERVICES BASEBOARD, DOOR PLATES, FI… 9063216 HOME DEPOT CREDIT SERVICES HARDWARE, GLOVES - A. REYES 9273792 HOME DEPOT CREDIT SERVICES IRRIGATION SUPP. FOR ELKW… 9515050 HOME DEPOT CREDIT SERVICES WALL STRIPPER, SCRAPER, RO… 9520688 HOME DEPOT CREDIT SERVICES SEWER SUPP: PVC MULTI-COV… 9523452 HOME DEPOT CREDIT SERVICES PAINT, BRUSHES, SUPP. FOR D… 9532880 HOME DEPOT CREDIT SERVICES WIRE STRIPPER M MORENO 9541336 JERUSALEM CONSTRUCTION, I… FY22 CDBG ADA Ramps (S221… 1162.1 210-1235-413.2006 230039 08/25/2022 99687 KANE, BALLMER & BERKMAN JUL 2022 LEGAL SERVICES - SA… 27468 303-1250-413.2001 55.00 08/25/2022 99687 KANE, BALLMER & BERKMAN 303-1250-413.2001 6,270.00 08/25/2022 99688 KNOWBE4 503-1923-419.2025 230028 1,584.00 08/25/2022 99689 MAINTEX, INC. 101-1910-419.3002 230047 197.19 08/25/2022 99689 MAINTEX, INC. 101-6020-452.3002 230047 197.19 08/25/2022 99689 MAINTEX, INC. 101-1910-419.3002 230047 204.34 08/25/2022 99689 MAINTEX, INC. 204.33
JUL 2022 LEGAL SERVICES - SA… 27469
8/29/22-8/28/23 PHISHER SU… INV198862
TISSUE (4), CITRA CIDE 4/1 CA… 914372-00
TISSUE (4), CITRA CIDE 4/1 CA… 914372-00
TISSUE PAPER (3), CUCUMBER… 914377-00
TISSUE PAPER (3), CUCUMBER… 914377-00 101-6020-452.3002 230047 08/25/2022 99690 101-1220-413.2001 106.00
08/25/2022 99690 101-1220-413.2001 5,250.50
08/25/2022 99690 502-1922-419.2001 2,748.62
08/25/2022 99690 502-1922-419.2001 246.24
08/25/2022 99691 101-1210-413.3001 154.08
08/25/2022 99692 502-1922-419.2006 6,800.00
08/25/2022 99693 601-5060-436.2023 75.00
08/25/2022 99693 391.50
MCDOUGAL LOVE BOEHMER … JUL 2022 - CODE ENFORCEMEN 102515 MCDOUGAL LOVE BOEHMER … JUL 2022 - SPECIAL PROJECTS 102516 MCDOUGAL LOVE BOEHMER … JUL 2022 - LITIGATION 102520
MCDOUGAL LOVE BOEHMER … JUL 2022 - LITIGATION 102591
ODP BUSINESS SOLUTIONS, LL… FOLDER, STAPLER, POCKET TA… 257210538001 PRIME ACTUARIAL CONSULTI… FY22-23 WORKERS' COMPENS… 29312 PROTECTION ONE ALARM MO… PS#2 1306 SEACOAST DR JOB … 145095088 PROTECTION ONE ALARM MO… AUG 2022 - PUMP STATIONS 2…146487515 601-5060-436.2023 230054 08/25/2022 99694 SOUTH COAST EMERGENCY V… E39 PUMPER REPAIR 508591 501-1921-419.2801 21,663.19 08/25/2022 99695 SOUTHWEST SIGNAL MAY 2022 SERVICE CALLS 81645 101-5010-431.2123 220037 2,015.75 08/25/2022 99695 SOUTHWEST SIGNAL MAY 2022 - PM INSPECTIONS-S…81646 101-5010-431.2104 220044 720.00 08/25/2022 99695 SOUTHWEST SIGNAL JUN 2022 - PM INSPECTIONS-S…81700 101-5010-431.2104 220044 720.00 08/25/2022 99695 SOUTHWEST SIGNAL JUN 2022 - SERVICE CALLS 81701 101-5010-431.2123 220037 703.03 08/25/2022 99696 SPARKLETTS 8/1/22 & 8/15/22 WATER DEL… 12529930 081922 101-3020-422.3002 335.15 08/25/2022 99697 SUNBELT RENTALS, INC. GENERATOR FOR 2022 4TH OF …127708346-0001 101-1110-412.2808 166.85 08/25/2022 99698 SUNROAD CV AUTO INC 2022 TOYOTA TACOMA 4X4 PI… 1127348 101-3030-423.5007 230069 41,921.00 08/25/2022 99698 SUNROAD CV AUTO INC 2022 TOYOTA TACOMA 4X4 PI… 1127348 101-3030-423.5007 3,094.49

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/25/2022 99699 SUPERIOR READY MIX CONCR… 50.75 TN SAND FOR 10 EVERG… 291470 101-1110-412.2808 2,685.25 08/25/2022 99699 SUPERIOR READY MIX CONCR… 25.88 TN SAND FOR 10 EVERG… 291553 101-1110-412.2808 1,378.44 08/25/2022 99700 THE ALTUM GROUP JUL 2022 PROJECT REVIEW (U… 7849 101-0000-221.0102 95.00 08/25/2022 99700 THE ALTUM GROUP JUL 2022 PROFESSIONAL FEES 7849 101-1230-413.2006 712.50 08/25/2022 99701 TRISTAR RISK MANAGEMENT JUL 2022 WORKERS COMP 08162022 502-0000-106.0300 969.96 08/25/2022 99702 TYLER TECHNOLOGIES INC SYSTEM ADMIN CERTIFICATIO… 025-354351 503-1923-419.2804 3,000.00 08/25/2022 99703 ULINE, INC. 50 PERSON FIRST AID KIT 152240276 101-1910-419.2801 230064 44.74 08/25/2022 99703 ULINE, INC. 50 PERSON FIRST AID KIT 152240276 101-1910-419.3002 230064 44.74 08/25/2022 99703 ULINE, INC. MATS(4),AIR CAN(2),BROOM,… 152240277 101-1910-419.2801 230064 614.40 08/25/2022 99703 ULINE, INC. MATS(4),AIR CAN(2),BROOM,… 152240277 101-1910-419.3002 230064 614.41 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1010-411.2705 104.69 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1020-411.2705 95.17 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1110-412.2705 30.94 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1110-412.2705 99.47 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1130-412.2705 48.33 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1210-413.2705 153.50 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1210-413.2705 23.45 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1230-413.2705 23.45 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1230-413.2705 39.34 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1910-419.2705 107.02 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1920-419.2705 152.04 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-1920-419.2705 76.37 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3020-422.2705 107.46 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3020-422.2705 46.90 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3030-423.2705 574.21 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3030-423.2705 152.67 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3040-424.2705 51.25 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3040-424.2705 38.01 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3040-424.2705 153.75 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-3070-427.2705 148.43 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-5010-431.2705 224.46 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-5020-432.2705 23.45 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-5020-432.2705 203.95 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-5050-435.2705 21.66 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-6010-451.2705 63.70 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-6010-451.2705 63.55 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-6010-451.2705 51.25 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-6020-452.2705 156.04 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 101-6040-454.2705 122.33 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 501-1921-419.2705 27.85 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 503-1923-419.2705 75.63 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 503-1923-419.2705 203.83 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 503-1923-419.2705 29.97 08/25/2022 99704 VERIZON WIRELESS 571987570-00003 07/09/22-0… 991268581 601-5060-436.2705 170.26

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Expense Approval Report Payment Dates: 8/5/2022 - 9/2/2022 9/2/2022 12:29:12 PM Page 9 of 17
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/25/2022 99706 VINYARD DOORS, INC. LIFEGUARD STATION ROLLUP … 105782 504-1924-519.2006 230072 15,885.00 08/25/2022 99707 WORKSPACE INTERIORS BY OF…PUBLIC WORKS COMPOUND U…255232103 401-5020-532.2006 220235-R1 22,969.51 09/01/2022 99708 ADVANCED IMAGING SOLUTI… 7/20/22-8/19/22 STANDARD … 32309286 101-1920-419.2017 2,730.31 09/01/2022 99709 AGRICULTURAL PEST CONTROL 8/18/2022 MONTHLY BIRD C… 653617 101-6040-454.2022 230013 500.00 09/01/2022 99710 CINTAS CORPORATION FACILITIES MATS 4128525327 101-1910-419.2006 230042 37.34 09/01/2022 99710 CINTAS CORPORATION PUBLIC WORKS UNIFORMS 4128525385 101-5020-432.2503 230040 261.17 09/01/2022 99710 CINTAS CORPORATION FACILITIES MATS 4129207642 101-1910-419.2006 230042 37.34 09/01/2022 99710 CINTAS CORPORATION PUBLIC WORKS UNIFORMS 4129207675 101-5020-432.2503 230040 261.17 09/01/2022 99711 COX COMMUNICATIONS 8/22/22-9/21/22 495 10TH ST …08-23-2022 503-1923-419.2104 241.45 09/01/2022 99712 CSMFO 9/29/2022 - CSMFO CHAPTER… 200014035 101-1210-413.2804 80.00 09/01/2022 99713 CYCLE ONE, LLC. 2022 ATVS - 3 DMV ELECTRON…49928 101-3030-423.5007 93.00 09/01/2022 99713 CYCLE ONE, LLC. 2022 ATVS - 3 CAN-AM 49928 101-3030-423.5007 33,154.68 09/01/2022 99714 ESGIL CORPORATION JUN 2022 PLAN CHECK SERVIC… 79898 101-3040-424.2016 6,316.51 09/01/2022 99715 FLYERS ENERGY LLC 8/18/22 DELIVERY - 800 GAL G…22-618427 501-1921-419.2815 230065 5,109.89 09/01/2022 99715 FLYERS ENERGY LLC 8/23/22 DELIVERY - 30 GAL PE… 22-620693 501-1921-419.2815 230065 530.86 09/01/2022 99715 FLYERS ENERGY LLC 8/24/22 DELIVERY - 887 GAL G…22-621642 501-1921-419.2815 230065 5,915.49 09/01/2022 99716 GARTH LARSON TUITION REIMBURSEMENT 08312022 101-1130-412.2901 2,596.24 09/01/2022 99717 GRANICUS, LLC. 8/1/22-7/31/23 DISCLOSURE/… 155121 101-1020-411.2104 2,809.33 09/01/2022 99718 GREENFIELDS OUTDOOR FITN… VETERANS PARK SENIOR FITNE…S20304 210-1235-413.2006 220287-R1 128,072.16 09/01/2022 99719 HINDERLITER, DE LLAMAS & A… Q1/2022 (JUL-SEP 2022) SALES…SIN021061 101-1210-413.2006 1,050.00 09/01/2022 99719 HINDERLITER, DE LLAMAS & A… Q1/2022 (JUL-SEP 2022) SALES…SIN021061 101-1210-413.2006 49.56 09/01/2022 99720 INTERNATIONAL CODE COUNC…2022 CALIFORNIA BUILDING S… 1001529221 101-3040-424.2814 1,222.24 09/01/2022 99721 LLOYD PEST CONTROL 8/16/22 - 495 10TH ST - SERVI… 7828950 101-1910-419.2022 230046 53.00 09/01/2022 99722 101-5010-431.3002 230021 433.64
09/01/2022 99723 101-1110-412.2804 39.00
09/01/2022 99724 61.75
MARTIN MARIETTA MATERIAL… 5.66 TONS ASPHALT FOR CITY … 36102979 NADIA I MORENO REFRESHMENTS FOR RATERS -… 08092022
NATIONWIDE MEDICAL SURGI…FIRE DEP MEDICAL SUPPLIES 19854 101-3020-422.3002 09/01/2022 99725 NEXT DAY PRINTED TEES PW HATS (25) 87094 101-5020-432.2503 420.05 09/01/2022 99725 NEXT DAY PRINTED TEES PW T-SHIRTS 87135 101-5020-432.2503 1,799.98 09/01/2022 99726 ODP BUSINESS SOLUTIONS, LL… PENS (2 DZ), PENCILS (48 BOX),…258717258001 101-5020-432.3001 87.59 09/01/2022 99726 ODP BUSINESS SOLUTIONS, LL… MARKERS (3) 258764769001 101-5020-432.3001 6.82 09/01/2022 99727 O'REILLY AUTO PARTS #3980 CORE RETURN 3980-400454 501-1921-419.2816 -108.23 09/01/2022 99727 O'REILLY AUTO PARTS #3980 ORIFICE TUBE, FLUSH 17OZ, V… 3980-421736 501-1921-419.2816 53.98 09/01/2022 99727 O'REILLY AUTO PARTS #3980 A/C REFRIGERANT, OIL, LSR IR… 3980-424770 501-1921-419.2816 749.22 09/01/2022 99727 O'REILLY AUTO PARTS #3980 OIL FILTER, AIR FILTER, WIPERS…3980-424871 501-1921-419.2816 38.92 09/01/2022 99727 O'REILLY AUTO PARTS #3980 RUST, PAINT, ADAPTER KIT, A… 3980-425645 501-1921-419.2816 49.01 09/01/2022 99727 O'REILLY AUTO PARTS #3980 GRINDING WHELS 3980-426316 501-1921-419.2816 17.91 09/01/2022 99727 O'REILLY AUTO PARTS #3980 BED LINER FOR PARK TRAILER … 3980-427128 501-1921-419.2816 283.17 09/01/2022 99728 QUALITY CODE PUBLISHING, L… MUNI CODE SUPPLEMENT 2022-204 101-1020-411.2006 220288 1,745.00 09/01/2022 99728 QUALITY CODE PUBLISHING, L… SUPPLEMENT FOR ORD. 2022-… 2022-247 101-1020-411.2006 866.00 09/01/2022 99729 REXEL, INC. CIVIC CENTER PARKING LOT LI… S132968810.003 101-5000-532.2006 220207-R1 1,979.25 09/01/2022 99730 ROBERT HALF TECHNOLOGY WEEK-ENDED 8/19/22 F MART…60571022 503-1923-419.2101 2,154.75 09/01/2022 99730 ROBERT HALF TECHNOLOGY WEEK-ENDED 8/26/22 F MART…60611240 503-1923-419.2101 1,912.50 09/01/2022 99731 STANDARD ELECTRONICS LABOR TO ASSIST IN RESETTIN… S46866 101-1910-419.2104 230078 260.00 09/01/2022 99732 STC TRAFFIC, INC. JUL 2022 - PW TE SRVC (USE-2… 5475-B 101-0000-221.0102 440.00

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 09/01/2022 99733 THE EPOCH TIMES IN SAN DIE… 2022 NOTICE OF ELECTION IN … SD051202207 101-1020-411.2106 170.00 09/01/2022 99734 THE FILIPINO PRESS, INC 2022 NOTICE OF ELECTION IN F…7754-22 101-1020-411.2106 150.00 09/01/2022 99735 THE LEW EDWARDS GROUP JUL 2022 PROFESSIONAL FEE - …21-09 101-1110-412.2903 230084 6,000.00 09/01/2022 99736 U.S. BANK CORPORATE PAYM… JUL-AUG 2022 P-CARD CHARG… 08222022 101-1210-413.2102 28,646.54 09/01/2022 99737 VERIZON BUSINESS SERVICES JUL 2022 - SV202861 - CITY HA…72323069 503-1923-419.2704 878.90 09/01/2022 99737 VERIZON BUSINESS SERVICES JUL 2022 - SV202862 - FIRE DE… 72323291 503-1923-419.2704 117.24 09/01/2022 99737 VERIZON BUSINESS SERVICES JUL 2022 - SV202863 - LIFEGU… 72323298 503-1923-419.2704 123.64 09/01/2022 99737 VERIZON BUSINESS SERVICES JUL 2022 - SV202864 - PUBLIC… 72323303 503-1923-419.2704 188.48 09/01/2022 99738 VERIZON WIRELESS 7/20/22-8/19/22 SIM CARDS … 9913877422 101-3020-422.2705 110.04 09/01/2022 99739 WEST COAST ARBORISTS 7/1/22-7/15/22 PALM PRUNI… 188300 101-6020-452.2104 230086 30,194.00 09/01/2022 99739 WEST COAST ARBORISTS 7/16/22-7/31/22 PALM PRUN… 188400 101-6020-452.2104 230086 25,384.00 09/01/2022 99740 ZOLL MEDICAL CORPORATION CPR-D PADZ CONNECTOR FOR… 3466210 101-3020-422.5004 312.59 09/01/2022 99740 ZOLL MEDICAL CORPORATION 3/5/22-3/4/23 X SERIES CASE … 90061679 101-3020-422.5004 1,019.70 08/05/2022 DFT0005471 CALPERS LG L2 23011 EE PPE 07/28/22 100000016825879 EE 101-0000-209.0106 342.27 08/05/2022 DFT0005472 CALPERS LG L2 23011 ER PPE 07/28/22 100000016825879 ER 101-0000-209.0106 439.20 08/05/2022 DFT0005473 CALPERS MISC L2 23012 EE PPE 07/28/… 100000016825921 EE 101-0000-209.0106 2,249.69 08/05/2022 DFT0005474 CALPERS MISC L2 23012 ER PPE 07/28/… 100000016825921 ER 101-0000-209.0106 2,702.79 08/05/2022 DFT0005474 CALPERS MISC L2 23012 ER PPE 07/28/… 100000016825921 ER 101-0000-209.0106 -0.01 08/05/2022 DFT0005475 CALPERS FIRE PEPRA 25375 EE PPE 07/2…100000016825961 EE 101-0000-209.0106 3,197.64 08/05/2022 DFT0005476 CALPERS FIRE PEPRA 25375 ER PPE 07/… 100000016825961 ER 101-0000-209.0106 3,143.53 08/05/2022 DFT0005477 CALPERS LG PEPRA 25376 EE PPE 07/28… 100000016826000 EE 101-0000-209.0106 1,910.73 08/05/2022 DFT0005478 CALPERS LG PEPRA 25376 ER PPE 07/28… 100000016826000 ER 101-0000-209.0106 1,878.38 08/05/2022 DFT0005479 CALPERS MISC PEPRA 26352 EE PPE 07/… 100000016826039 EE 101-0000-209.0106 6,273.18 08/05/2022 DFT0005480 CALPERS MISC PEPRA 26352 ER PPE 07/…100000016826039 ER 101-0000-209.0106 6,942.32 08/05/2022 DFT0005481 CALPERS FIRE L1 4625 EE PPE 07/28/22 100000016825802 EE 101-0000-209.0106 3,362.22 08/05/2022 DFT0005482 CALPERS FIRE L1 4625 ER PPE 07/28/22 100000016825802 ER 101-0000-209.0106 4,087.89 08/05/2022 DFT0005483 CALPERS LG L1 4626 EE PPE 07/28/22 100000016825838 EE 101-0000-209.0106 886.33 08/05/2022 DFT0005484 CALPERS LG L1 4626 ER PPE 07/28/22 100000016825838 ER 101-0000-209.0106 1,134.37 08/05/2022 DFT0005485 CALPERS MISC L1 470 EE PPE 07/28/22 100000016825759 EE 101-0000-209.0106 7,071.56 08/05/2022 DFT0005486 CALPERS MISC L1 470 ER PPE 07/28/22 100000016825759 ER 101-0000-209.0106 8,825.02 08/05/2022 DFT0005487 CALPERS SCP POST-TAX PPE 07/28/22 PPE 07-28-2022 101-0000-209.0106 500.35 08/05/2022 DFT0005488 CALPERS SCP PRE-TAX EFT PPE 07/28/22 PPE 07-28-2022 (2) 101-0000-209.0106 186.63 08/05/2022 DFT0005492 STATE OF CALIFORNIA STATE TAX W/H PPE 07/14/22… 6530690 101-0000-209.0105 10.66 08/05/2022 DFT0005492 STATE OF CALIFORNIA STATE TAX W/H PPE 07/28/22 6530690 101-0000-209.0105 11,714.72 08/05/2022 DFT0005492 STATE OF CALIFORNIA STATE TAX PPE 6/02/22 PT LG … 6530690 101-0000-209.0105 -1.39 08/05/2022 DFT0005493 STATE OF CALIFORNIA SDI W/H PPE 07/28/22 6530693 101-0000-209.0115 477.26 08/05/2022 DFT0005493 STATE OF CALIFORNIA SDI W/H PPE 7/14/22 SEPARA… 6530693 101-0000-209.0115 9.33 08/05/2022 DFT0005493 STATE OF CALIFORNIA SDI PPE 06/02/22 PR CORRECT…6530693 101-0000-209.0115 -0.72 08/05/2022 DFT0005494 INTERNAL REVENUE SERVICE FED TAX W/H PPE 07/28/22 10269259 FED 101-0000-209.0102 32,409.01 08/05/2022 DFT0005494 INTERNAL REVENUE SERVICE FED TAX W/H PPE 06/02/22 PT…10269259 FED 101-0000-209.0102 -5.79 08/05/2022 DFT0005494 INTERNAL REVENUE SERVICE FED TAX W/H PPE 07/14/22 H… 10269259 FED 101-0000-209.0102 73.85 08/05/2022 DFT0005495 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 07/14/22… 10269259 MED 101-0000-209.0104 25.56 08/05/2022 DFT0005495 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 07/28/22 10269259 MED 101-0000-209.0104 9,620.46 08/05/2022 DFT0005497 INTERNAL REVENUE SERVICE SOCIAL SECURITY PPE 07/28/22 10269259 SS 101-0000-209.0104 33,522.86

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/11/2022 DFT0005506 STATE OF CALIFORNIA STATE TAX W/H PPE 07/28/22… 6550139 101-0000-209.0105 2.84 08/11/2022 DFT0005507 STATE OF CALIFORNIA SDI W/H PPE 07/28/22 OATS 6550141 101-0000-209.0115 8.15 08/09/2022 DFT0005508 INTERNAL REVENUE SERVICE FED TAX W/H PPE 07/28/22 O… 13307084 FED 101-0000-209.0102 41.13 08/09/2022 DFT0005509 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 07/28/22… 13307084 MED 101-0000-209.0104 22.34 08/15/2022 DFT0005531 CALIFORNIA DENTAL SEPT 2022 DMO DENTAL PREM…SEPTEMBER 2022 101-0000-209.0112 368.03 08/15/2022 DFT0005531 CALIFORNIA DENTAL SEPT 2022 DMO DENTAL PREM…SEPTEMBER 2022 101-0000-209.0112 0.02 08/19/2022 DFT0005534 CALIFORNIA STATE DISBURSE… SDU CHILD SUPPORT PPE 08/1… 40850898 101-0000-209.0107 222.46 08/19/2022 DFT0005540 STATE OF CALIFORNIA FTB FTB GARNISHMENT EWOT % P…6562345 101-0000-209.0107 174.95 08/19/2022 DFT0005544 CALPERS LG L2 23011 EE PPE 08/11/22 100000016858506 EE 101-0000-209.0106 342.27 08/19/2022 DFT0005545 CALPERS LG L2 23011 ER PPE 08/11/22 100000016858506 ER 101-0000-209.0106 439.20 08/19/2022 DFT0005546 CALPERS MISC L2 23012 EE PPE 08/11/… 100000016858557 EE 101-0000-209.0106 2,254.94 08/19/2022 DFT0005547 CALPERS MISC L2 23012 ER PPE 08/11/… 100000016858557 ER 101-0000-209.0106 2,709.08 08/19/2022 DFT0005548 CALPERS FIRE PEPRA 25375 EE PPE 08/1…100000016858601 EE 101-0000-209.0106 3,197.64 08/19/2022 DFT0005549 CALPERS FIRE PEPRA 25375 ER PPE 08/… 100000016858601 ER 101-0000-209.0106 3,143.53 08/19/2022 DFT0005550 CALPERS LG PEPRA 25376 EE PPE 08/11… 100000016858651 EE 101-0000-209.0106 1,903.19 08/19/2022 DFT0005551 CALPERS LG PEPRA 25376 ER PPE 08/11… 100000016858651 ER 101-0000-209.0106 1,870.98 08/19/2022 DFT0005552 CALPERS MISC PEPRA 26352 EE PPE 08/… 100000016858696 EE 101-0000-209.0106 6,318.78 08/19/2022 DFT0005552 CALPERS 26352 EE PPE 08/11/22 SPSL … 100000016858696 EE 101-0000-209.0106 143.94 08/19/2022 DFT0005553 CALPERS MISC PEPRA 26352 ER PPE 08/…100000016858696 ER 101-0000-209.0106 6,992.77 08/19/2022 DFT0005553 CALPERS 26352 ER PPE 08/11/22 SPSL … 100000016858696 ER 101-0000-209.0106 159.29 08/19/2022 DFT0005553 CALPERS MISC PEPRA 26352 ER PPE 08/…100000016858696 ER 101-0000-209.0106 0.01 08/19/2022 DFT0005554 CALPERS FIRE L1 4625 EE PPE 08/11/22 100000016858411 EE 101-0000-209.0106 3,362.22 08/19/2022 DFT0005555 CALPERS FIRE L1 4625 ER PPE 08/11/22 100000016858411 ER 101-0000-209.0106 4,087.89 08/19/2022 DFT0005556 CALPERS LG L1 4626 EE PPE 08/11/22 100000016858451 EE 101-0000-209.0106 702.99 08/19/2022 DFT0005556 CALPERS LG L1 4626 EE PPE 08/11/22 S… 100000016858451 EE 101-0000-209.0106 215.70 08/19/2022 DFT0005557 CALPERS LG L1 4626 ER PPE 08/11/22 100000016858451 ER 101-0000-209.0106 899.72 08/19/2022 DFT0005557 CALPERS LG L1 4626 ER PPE 08/11/22 S… 100000016858451 ER 101-0000-209.0106 276.06 08/19/2022 DFT0005558 CALPERS MISC L1 470 EE PPE 08/11/22 100000016858369 EE 101-0000-209.0106 6,516.34 08/19/2022 DFT0005558 CALPERS MISC L1 470 EE PPE 08/11/22 … 100000016858369 EE 101-0000-209.0106 570.53 08/19/2022 DFT0005559 CALPERS MISC L1 470 ER PPE 08/11/22 … 100000016858369 ER 101-0000-209.0106 712.00 08/19/2022 DFT0005559 CALPERS MISC L1 470 ER PPE 08/11/22 100000016858369 ER 101-0000-209.0106 8,132.13 08/19/2022 DFT0005559 CALPERS MISC L1 470 ER PPE 08/11/22 … 100000016858369 ER 101-0000-209.0106 1.06 08/19/2022 DFT0005560 CALPERS SCP POST-TAX PPE 08/11/22 PPE 08-11-2022 (2) 101-0000-209.0106 500.35 08/19/2022 DFT0005561 CALPERS SCP PRE-TAX EFT PPE 08/11/22 PPE 08-11-2022 (3) 101-0000-209.0106 186.63 08/19/2022 DFT0005562 CALPERS PERS SPM TAXED 08/11/22 PPE 08-11-2022 101-0000-209.0106 196.26 08/19/2022 DFT0005566 STATE OF CALIFORNIA STATE TAX W/H PPE 08/11/22 6565462 101-0000-209.0105 12,295.01 08/19/2022 DFT0005566 STATE OF CALIFORNIA STATE TAX W/H PPE 08/11/22 …6565462 101-0000-209.0105 -78.49 08/19/2022 DFT0005567 STATE OF CALIFORNIA SDI W/H PPE 08/11/22 6565475 101-0000-209.0115 468.22 08/19/2022 DFT0005567 STATE OF CALIFORNIA SDI W/H PPE 08/11/22 CY22 Q…6565475 101-0000-209.0115 111.44 08/19/2022 DFT0005567 STATE OF CALIFORNIA SDI W/H PPE 08/11/22 SPSL … 6565475 101-0000-209.0115 -0.15 08/19/2022 DFT0005568 INTERNAL REVENUE SERVICE FED TAX W/H PPE 08/11/22 SP…55704070 FED 101-0000-209.0102 -173.28 08/19/2022 DFT0005568 INTERNAL REVENUE SERVICE FED TAX W/H PPE 08/11/22 55704070 FED 101-0000-209.0102 33,892.71 08/19/2022 DFT0005569 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 08/11/22 55704070 MED 101-0000-209.0104 9,808.82 08/19/2022 DFT0005571 INTERNAL REVENUE SERVICE SOCIAL SECURITY PPE 08/11/22 55704070 SS 101-0000-209.0104 32,754.38

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/19/2022 DFT0005571 INTERNAL REVENUE SERVICE SOCIAL SECURITY PPE 08/11/2… 55704070 SS 101-0000-209.0104 1,202.00 08/29/2022 DFT0005606 AFLAC AFLAC POST-TAX AUG 2022 EFT 590971 101-0000-209.0113 28.86 08/29/2022 DFT0005607 AFLAC AFLAC PRE-TAX AUG 2022 EFT 590971 (2) 101-0000-209.0113 524.12 09/02/2022 DFT0005608 CALIFORNIA STATE DISBURSE… SDU CHILD SUPPORT PPE 08/2… 41008358 101-0000-209.0107 222.46 08/29/2022 DFT0005609 COLONIAL LIFE & ACCIDENT COLONIAL PRE-TAX AUG 2022 …94981140802333 101-0000-209.0113 25.00 08/05/2022 DFT0005616 CALPERS CALPERS MEDICAL RETRO JULY…100000016871503 101-0000-209.0111 1,817.95 08/05/2022 DFT0005616 CALPERS CALPERS MEDICAL AUG 2022 … 100000016871503 101-0000-209.0111 98,692.27 08/05/2022 DFT0005616 CALPERS CALPERS MEDICAL AUG 2022 … 100000016871503 101-1210-413.1103 368.17 08/05/2022 DFT0005616 CALPERS CALPERS MEDICAL AUG 2022 … 100000016871503 101-1920-419.1103 2,384.00 09/02/2022 DFT0005617 CALPERS LG L2 23011 EE PPE 08/25/22 100000016858533 EE 101-0000-209.0106 342.27 09/02/2022 DFT0005618 CALPERS LG L2 23011 ER PPE 08/25/22 100000016858533 ER 101-0000-209.0106 439.20 09/02/2022 DFT0005619 CALPERS MISC L2 23012 EE PPE 08/25/… 100000016858577 EE 101-0000-209.0106 2,326.02 09/02/2022 DFT0005620 CALPERS MISC L2 23012 ER PPE 08/25/… 100000016858577 ER 101-0000-209.0106 2,794.48 09/02/2022 DFT0005621 CALPERS FIRE PEPRA 25375 EE PPE 08/2…100000016858628 EE 101-0000-209.0106 3,197.64 09/02/2022 DFT0005622 CALPERS FIRE PEPRA 25375 ER PPE 08/… 100000016858628 ER 101-0000-209.0106 3,143.53 09/02/2022 DFT0005623 CALPERS LG PEPRA 25376 EE PPE 08/25… 100000016858674 EE 101-0000-209.0106 1,942.62 09/02/2022 DFT0005624 CALPERS LG PEPRA 25376 ER PPE 08/25… 100000016858674 ER 101-0000-209.0106 1,909.75 09/02/2022 DFT0005625 CALPERS MISC PEPRA 26352 EE PPE 08/… 100000016858723 EE 101-0000-209.0106 6,367.36 09/02/2022 DFT0005626 CALPERS MISC PEPRA 26352 ER PPE 08/…100000016858723 ER 101-0000-209.0106 -0.01 09/02/2022 DFT0005626 CALPERS MISC PEPRA 26352 ER PPE 08/…100000016858723 ER 101-0000-209.0106 0.68 09/02/2022 DFT0005626 CALPERS MISC PEPRA 26352 ER PPE 08/…100000016858723 ER 101-0000-209.0106 7,046.52 09/02/2022 DFT0005627 CALPERS FIRE L1 4625 EE PPE 08/25/22 100000016858430 EE 101-0000-209.0106 3,362.22 09/02/2022 DFT0005628 CALPERS FIRE L1 4625 ER PPE 08/25/22 100000016858430 ER 101-0000-209.0106 4,087.89 09/02/2022 DFT0005629 CALPERS LG L1 4626 EE PPE 08/25/22 100000016858472 EE 101-0000-209.0106 918.69 09/02/2022 DFT0005630 CALPERS LG L1 4626 ER PPE 08/25/22 100000016858472 ER 101-0000-209.0106 1,175.78 09/02/2022 DFT0005631 CALPERS MISC L1 470 EE PPE 08/25/22 100000016858391 EE 101-0000-209.0106 7,109.34 09/02/2022 DFT0005632 CALPERS MISC L1 470 ER PPE 08/25/22 100000016858391 ER 101-0000-209.0106 8,872.17 09/02/2022 DFT0005632 CALPERS MISC L1 470 ER PPE 08/11/22 … 100000016858391 ER 101-0000-209.0106 -1.06 09/02/2022 DFT0005633 CALPERS SCP POST-TAX PPE 08/25/22 SCP PPE 08-25-22 101-0000-209.0106 379.68 09/02/2022 DFT0005634 CALPERS SCP PRE-TAX EFT PPE 08/25/22 SCP PPE 08-25-22 (2) 101-0000-209.0106 186.63 09/02/2022 DFT0005635 CALPERS PERS SPM TAXED 08/25/22 SCP PPE 08-25-22 (3) 101-0000-209.0106 196.26 09/02/2022 DFT0005639 STATE OF CALIFORNIA STATE TAX W/H PPE 08/25/22 6593964 101-0000-209.0105 12,413.24 09/02/2022 DFT0005639 STATE OF CALIFORNIA STATE TAX PPE 08/11/22 PR C… 6593964 101-0000-209.0105 -89.39 09/02/2022 DFT0005640 STATE OF CALIFORNIA SDI W/H PPE 08/25/22 6593968 101-0000-209.0115 440.20 09/02/2022 DFT0005641 INTERNAL REVENUE SERVICE FED TAX W/H PPE 08/11/25 PR…23498391 FED 101-0000-209.0102 -205.18 09/02/2022 DFT0005641 INTERNAL REVENUE SERVICE FED TAX W/H PPE 08/25/22 23498391 FED 101-0000-209.0102 33,987.89 09/02/2022 DFT0005642 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 08/25/22 23498391 MED 101-0000-209.0104 9,807.92 09/02/2022 DFT0005642 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 08/11/22… 23498391 MED 101-0000-209.0104 -27.18 09/02/2022 DFT0005644 INTERNAL REVENUE SERVICE SOCIAL SEC PPE 08/11/22 PR … 23498391 SS 101-0000-209.0104 -116.18 09/02/2022 DFT0005644 INTERNAL REVENUE SERVICE SOCIAL SECURITY PPE 08/25/22 23498391 SS 101-0000-209.0104 33,694.12 Grand Total: 1,548,049.91

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Expense Approval Report Payment Dates: 8/5/2022 - 9/2/2022 9/2/2022 12:29:12 PM Page 13 of 17
Report Summary
Fund Summary
Fund Payment Amount
101 - GENERAL FUND 1,017,533.27
201 - GAS TAX FUND 624.75
202 - PROP "A" (TRANSNET) FUND 1,173.73
210 - CDBG-FEDERAL ASSISTANCE 241,074.66
214 - MISCELLANEOUS GRANTS 58,211.22
303 - REDEV OBLIG RETIRE FUND 6,450.00
401 - CAPITAL IMPROVEMENT FUND 36,713.02
501 - VEHICLE REPLACEMENT/MAINT 51,966.34
502 - RISK MANAGEMENT FUND 13,885.98
503 - TECHNOLOGY/COMMUNICATIONS 16,059.55
504 - FACILITY MAINT/REPLACEMNT 15,885.00
601 - SEWER ENTERPRISE FUND 88,472.39
Grand Total: 1,548,049.91
Account Summary
Account Number Account Name Payment Amount
101-0000-209.0102 P/R FIT PAYABLE 100,020.34
101-0000-209.0104 P/R FICA PAYABLE 130,315.10
101-0000-209.0105 P/R STATE TAX LIABILITIES 36,267.20
101-0000-209.0106 P/R PERS RETIREMENT PA… 166,767.25
101-0000-209.0107 P/R GARNISHMENT PAYA… 684.67
101-0000-209.0108 P/R EMPLOYEE ASSOC DU… 2,419.12
101-0000-209.0110 P/R DEFERRED COMP 24,091.77
101-0000-209.0111 P/R HEALTH INSURANCE 100,510.22
101-0000-209.0112 P/R DENTAL INSURANCE 368.05
101-0000-209.0113 P/R VOLUNTARY LIFE INS… 577.98
101-0000-209.0115 P/R STD-PART-TIME 1,513.73
101-0000-209.0120 PARS EMPLOYEE CONTRI… 6,447.72
101-0000-209.0122 EDUCATIONAL SAVINGS P… 100.00
101-0000-221.0102 DEVELOPER DEPOSITS 535.00
101-0000-221.0105 BUILDING DEPOSITS/BON… 49,348.32
101-0000-316.7049 TRANSIENT OCCUPANCY … 53,910.41
101-0000-371.8309 SB 1186 DISABILITY ACCE… 407.60
101-1010-411.2705 UTILITIES-CELL PHONES 104.69
101-1010-411.2804 TRAVEL, TRAINING, MEET… 115.71
101-1020-411.2006 PROFESSIONAL SERVICES 2,611.00
101-1020-411.2104 TECHNICAL SERVICES 4,647.46
101-1020-411.2106 CONTRACTS-ELECTIONS 554.92
101-1020-411.2705 UTILITIES-CELL PHONES 95.17
101-1020-411.2904 OTHER SERVICES & CHAR… 325.00

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Account Summary
Account Number Account Name Payment Amount
101-1110-412.2705 UTILITIES-CELL PHONES 130.41
101-1110-412.2804 TRAVEL, TRAINING, MEET… 39.00
101-1110-412.2808 COMMUNITY PROGRAMS 4,505.74
101-1110-412.2812 MEMBERSHIP DUES 3,500.00
101-1110-412.2903 CONTINGENCY ACCOUNT 6,000.00
101-1130-412.2006 PROFESSIONAL SERVICES 707.96
101-1130-412.2104 TECHNICAL SERVICES 1,078.00
101-1130-412.2705 UTILITIES-CELL PHONES 48.33
101-1130-412.2901 TRAINING & EDUCATION… 2,596.24
101-1130-412.3002 OPERATING SUPPLIES 19.97
101-1210-413.1103 SECTION 125 CAFETERIA 368.17
101-1210-413.2006 PROFESSIONAL SERVICES 8,009.56
101-1210-413.2102 ADMINISTRATION CHARG… 28,646.54
101-1210-413.2705 UTILITIES-CELL PHONES 176.95
101-1210-413.2804 TRAVEL, TRAINING, MEET… 80.00
101-1210-413.2904 OTHER SERVICES & CHAR… 75.00
101-1210-413.3001 OFFICE SUPPLIES 154.08
101-1220-413.2001 ATTORNEY SERVICES 5,356.50
101-1220-413.2002 ATTORNEY SERVICES-OTH… 11,000.00
101-1230-413.2006 PROFESSIONAL SERVICES 712.50
101-1230-413.2104 TECHNICAL SERVICES 55.34
101-1230-413.2705 UTILITIES-CELL PHONES 62.79
101-1910-419.2006 PROFESSIONAL SERVICES 149.36
101-1910-419.2022 PEST CONTROL SERVICE 53.00
101-1910-419.2023 SECURITY & ALARM 829.65
101-1910-419.2104 TECHNICAL SERVICES 260.00
101-1910-419.2701 GAS & ELECTRIC (SDG&E) 8,613.06
101-1910-419.2702 UTILITIES-WATER 3,464.70
101-1910-419.2705 UTILITIES-CELL PHONES 107.02
101-1910-419.2801 MAINTENANCE & REPAIR 6,187.90
101-1910-419.3002 OPERATING SUPPLIES 2,277.70
101-1910-419.3022 SMALL TOOLS/NON-CAPI… 322.17
101-1920-419.1103 SECTION 125 CAFETERIA 2,384.00
101-1920-419.2017 COPIER LEASES 2,730.31
101-1920-419.2705 UTILITIES-CELL PHONES 228.41
101-3020-422.2705 UTILITIES-CELL PHONES 264.40
101-3020-422.3002 OPERATING SUPPLIES 3,060.23
101-3020-422.5004 EQUIPMENT 1,332.29
101-3030-423.2104 TECHNICAL SERVICES 1,730.25
101-3030-423.2503 RENT-UNIFORMS 4,208.47
101-3030-423.2705 UTILITIES-CELL PHONES 726.88
101-3030-423.3002 OPERATING SUPPLIES 75.10

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Account Summary
Account Number Account Name Payment Amount
101-3030-423.5007 PORT EQUIPMENT - REIM… 78,263.17
101-3035-423.2808 COMMUNITY PROGRAMS 5,475.00
101-3035-423.3002 OPERATING SUPPLIES 185.00
101-3040-424.2016 PLAN CHECK SERVICES 6,316.51
101-3040-424.2705 UTILITIES-CELL PHONES 243.01
101-3040-424.2814 SUBSCRIBE & PUBLICATI… 1,222.24
101-3070-427.2104 TECHNICAL SERVICES 250.00
101-3070-427.2705 UTILITIES-CELL PHONES 148.43
101-5000-532.2006 PROFESSIONAL SERVICES 2,259.83
101-5010-431.2006 PROFESSIONAL SERVICES 135.00
101-5010-431.2104 TECHNICAL SERVICES 2,160.00
101-5010-431.2123 TRAFFIC CONTROL 2,718.78
101-5010-431.2701 GAS & ELECTRIC (SDG&E) 16,565.47
101-5010-431.2705 UTILITIES-CELL PHONES 224.46
101-5010-431.3002 OPERATING SUPPLIES 701.29
101-5020-432.2503 RENT-UNIFORMS 3,264.71
101-5020-432.2705 UTILITIES-CELL PHONES 227.40
101-5020-432.3001 OFFICE SUPPLIES 327.75
101-5020-432.3002 OPERATING SUPPLIES 224.94
101-5040-434.2104 TECHNICAL SERVICES 1,713.42
101-5050-435.2104 TECHNICAL SERVICES 1,353.00
101-5050-435.2705 UTILITIES-CELL PHONES 21.66
101-6010-451.2701 GAS & ELECTRIC (SDG&E) 1,093.12
101-6010-451.2702 UTILITIES-WATER 1,004.37
101-6010-451.2705 UTILITIES-CELL PHONES 178.50
101-6010-451.2801 MAINTENANCE & REPAIR 279.77
101-6010-451.3001 OFFICE SUPPLIES 376.76
101-6010-451.3002 OPERATING SUPPLIES 248.09
101-6010-451.5004 EQUIPMENT 10,640.61
101-6020-452.2104 TECHNICAL SERVICES 55,877.85
101-6020-452.2701 GAS & ELECTRIC (SDG&E) 2,590.12
101-6020-452.2702 UTILITIES-WATER 4,961.41
101-6020-452.2705 UTILITIES-CELL PHONES 156.04
101-6020-452.2801 MAINTENANCE & REPAIR 180.00
101-6020-452.3002 OPERATING SUPPLIES 796.67
101-6030-453.2006 PROFESSIONAL SERVICES 20.00
101-6030-453.3002 OPERATING SUPPLIES 12,024.43
101-6040-454.2022 PEST CONTROL SERVICE 1,500.00
101-6040-454.2104 TECHNICAL SERVICES 4,160.25
101-6040-454.2705 UTILITIES-CELL PHONES 122.33
101-6040-454.3002 OPERATING SUPPLIES 2,615.24
101-6040-454.3022 SMALL TOOLS/NON-CAPI… -359.77

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Expense Approval Report Payment Dates: 8/5/2022 - 9/2/2022 9/2/2022 12:29:12 PM Page 16 of 17
Account Summary
Account Number Account Name Payment Amount
201-5000-532.2006 PROFESSIONAL SERVICES 624.75
202-5016-531.2006 PROFESSIONAL SERVICES 1,173.73
210-1235-413.2006 PROFESSIONAL SERVICES 241,074.66
214-5000-532.2006 PROFESSIONAL SERVICES 23,431.22
214-5050-435.2006 PROFESSIONAL SERVICES 34,780.00
303-1250-413.2001 ATTORNEY SERVICES 6,325.00
303-1250-413.2006 PROFESSIONAL SERVICES 125.00
401-5020-432.5004 EQUIPMENT 13,743.51
401-5020-532.2006 PROFESSIONAL SERVICES 22,969.51
501-1921-419.2104 TECHNICAL SERVICES 242.50
501-1921-419.2705 UTILITIES-CELL PHONES 27.85
501-1921-419.2801 MAINTENANCE & REPAIR 21,663.19
501-1921-419.2815 VEHICLE OPERATE-FUEL/O… 25,671.95
501-1921-419.2816 VEHICLE OPERATE-PARTS… 4,127.77
501-1921-419.3002 OPERATING SUPPLIES 233.08
502-0000-106.0300 RESERVE 969.96
502-1922-419.2001 ATTORNEY SERVICES 2,994.86
502-1922-419.2006 PROFESSIONAL SERVICES 6,800.00
502-1922-419.2904 OTHER SERVICES & CHAR… 3,121.16
503-1923-419.2025 SOFTWARE MAINTENANCE 1,584.00
503-1923-419.2101 TEMPORARY STAFFING 8,300.25
503-1923-419.2104 TECHNICAL SERVICES 621.94
503-1923-419.2704 UTILITIES-TELEPHONE 2,243.93
503-1923-419.2705 UTILITIES-CELL PHONES 309.43
503-1923-419.2804 TRAVEL, TRAINING, MEET… 3,000.00
504-1924-519.2006 PROFESSIONAL SERVICES 15,885.00
601-5060-436.2023 SECURITY & ALARM 466.50
601-5060-436.2104 TECHNICAL SERVICES 8,164.00
601-5060-436.2701 GAS & ELECTRIC (SDG&E) 6,498.09
601-5060-436.2702 UTILITIES-WATER 4,981.37
601-5060-436.2705 UTILITIES-CELL PHONES 170.26
601-5060-436.2801 MAINTENANCE & REPAIR 2,644.00
601-5060-436.3002 OPERATING SUPPLIES 16,828.17
601-5060-536.2006 PROFESSIONAL SERVICES 48,720.00
Grand Total: 1,548,049.91
Project Account Summary
Project Account Key Payment Amount
**None** 948,369.92
21-0054-DEP 440.00
22-0093-DEP 95.00

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Expense Approval Report Payment Dates: 8/5/2022 - 9/2/2022 9/2/2022 12:29:12 PM Page 17 of 17
Project Account Summary
Project Account Key Payment Amount
F21105-P 15,885.00
F22103-P 22,969.51
F22104-PRKG 1,979.25
F23100-HVAC 279.77
F23100-MISC 11,473.06
LWC002-P 106.00
LWC146-P 5,250.50
LWC356-P 2,994.86
P22103-PCDBG 128,072.16
R13105-P 6,270.00
S22101-ENG 23,431.22
S22101-TRANSNET 1,173.73
S22104-P 624.75
S22105-P 113,002.50
SP1306-P 55.00
SP1702-EXP 275.20
SP2108-EXP 280.58
SP2111-P 34,780.00
SP23101-EXP 78,263.17
TOT771-EXP 53,910.41
TP0533-DEP 49,348.32
W21107-P 48,720.00
Grand Total: 1,548,049.91

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P a g e | 1
September 21, 2022
ITEM TITLE: RECEIVE TREASURER’S REPORT FOR JULY 2022. (0300-90) ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

The City has funds invested by Chandler Asset Management, Local Area Investment Fund (LAIF), Chase (the City's operating account) and tax allocation reserve bonds. On a monthly basis a Treasurer's Report is submitted to the City Council listing cash flows and a summary of cash and investments. The attached Monthly Account Statement Report from Chandler Asset Management provides the investment analysis to include a portfolio summary, listing of assets, and monthly transactions. The attached Local Agency Investment Fund (LAIF) statement provides a listing of monthly transactions. Detailed investment information for LAIF can be found on the California State Treasurer's website (www.treasurer.ca.gov/pmia-laif/pmia).

RECOMMENDATION:

Staff recommends that the City Council receive and file the July 2022 Treasurer's Report.

OPTIONS:
 Receive and file the July 2022 Treasurer's Report.

BACKGROUND/ANALYSIS:

In accordance with the City's Investment Policy and Government Code Section 53646, the City Treasurer or designee submits to the City Council a monthly investment report (Treasurer's Report) with transactions and holdings as detailed in the attached Chandler Asset Management and LAIF investment reports. The Chandler Asset Management Report discloses the following information about the risk characteristics of the City's portfolio:

1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate;

2. Monthly transactions for the period;

3. A one-page summary report that shows: a) average maturity of the portfolio and modified duration of the portfolio; b) maturity distribution of the portfolio; c) average portfolio credit quality; d) time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods;

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P a g e | 2

4. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for the presence in the portfolio and a timetable for resolution;

5. A statement that the City has adequate funds to meet its cash flow requirements for the next six months.

All these categories are reflected on the attached Monthly Account Statement Report from Chandler Asset Management, the City's portfolio and investment management consultant.

Details regarding LAIF investments can be found on the California State Treasurer website (www.treasurer.ca.gov/pmia-laif/pmia). The City has adequate funds to meet its cash flow requirements for the next six months.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The City has funds invested by Chandler Asset Management, Local Area Investment Fund (LAIF), Chase (the City's operating account) and tax allocation reserve bonds. As of the month ending July 31, 2022, the total market value of cash and investments equals $33,255,847.25. The attached Treasurer's Report provides a statement of cash flows and cash and investments description.

ATTACHMENTS:

ATT 1 - 2022.07 Treasurer’s Report
ATT 2 - 2022.07 Chandler Statement
ATT 3 - 2022.07 LAIF Statement

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CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
July 31, 2022
ATTACHMENT 1
Beginning
Balance Total Activity Ending Balance

GENERAL FUND
101 ‐ GENERAL FUND 15,904,996.17 (765,770.59) $ 15,139,225.58 103 ‐ M&A DA FUND 1,470,445.17 31,856.10 1,502,301.27 105 ‐ PEG FUND 12,306.36 1,400.11 13,706.47 16,655,233.32

OTHER GOVERNMENT FUNDS
201 ‐ GAS TAX FUND (51,279.07) 50,235.20 (1,043.87) 202 ‐ PROP "A" (TRANSNET) FUND 171,426.21 (17,521.88) 153,904.33 207 ‐ ROAD MTCE & REHAB (RMRA) 534,950.95 59,525.17 594,476.12 212 ‐ SLESF (COPS) FUND 88,485.04 (17,148.64) 71,336.40 214 ‐ MISCELLANEOUS GRANTS FUND 2,004,445.91 3,315,498.83 5,319,944.74 401 ‐ CAPITAL IMPROVEMENT FUND 791,959.55 (37,935.65) 754,023.90 420 ‐ PARKS MAJOR MAINTENANCE CIP 492,258.70 10,864.42 503,123.12 7,395,764.74

HOUSING AUTHORITY
216 ‐ HOUSING AUTHORITY 713,123.00 15,449.28 728,572.28 728,572.28

SUCCESSOR AGENCY
301 ‐ SA DEBT SERVICE FUND (0.01) ‐ (0.01) 303 ‐ REDEV OBLIG RETIRE FUND 1,012,186.63 4,561.25 1,016,747.88 1,016,747.87
2010 BOND FUND
402 ‐ C.I.P. 2010 BOND (16,468.13) 16,800.45 332.32 332.32

INTERNAL SERVICES
501 ‐ VEHICLE REPLACEMENT/MAINT 1,012,947.38 684.12 1,013,631.50 502 ‐ RISK MANAGEMENT FUND 1,459,848.91 (401,999.50) 1,057,849.41 503 ‐ TECHNOLOGY/COMMUNICATIONS 67,045.46 (139,251.92) (72,206.46) 504 ‐ FACILITY MAINT/REPLACEMENT 64,106.58 (11,596.18) 52,510.40 2,051,784.85

SEWER FUND
601 ‐ SEWER ENTERPRISE FUND 4,820,478.24 (72,960.53) 4,747,517.71 4,747,517.71

AGENCY FUNDS
710 ‐ ASSESSMENT DIST. #62 FUND 120,555.24 ‐ 120,555.24 715 ‐ ASSESSMENT DIST. #63 FUND 30,726.19 ‐ 30,726.19 720 ‐ ASSESSMENT DIST. #64 FUND 173,850.97 ‐ 173,850.97 725 ‐ ASSESSMENT DIST. #66 FUND 103,288.70 ‐ 103,288.70 730 ‐ ASSESSMENT DIST. #68 FUND 16,617.31 ‐ 16,617.31 445,038.41
GRAND TOTAL 33,040,991.50 $

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CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
July 31, 2022
ATTACHMENT 1

CASH DEPOSIT ACCOUNTS
Beginning
Balance Total Activity Ending Balance
Chase ‐ Checking (Operating) 570,936.26                    (363,362.70) $          207,573.56 Chandler Investments 12,415,802.82                    6,274.81        12,422,077.63 LAIF 18,683,117.57            1,728,222.74        20,411,340.31 $    33,040,991.50
Operating Bank Reconciliation
General Ledger Balance 207,573.56
Outstanding Checks/Deposits/Adjustments 864,875.97
Statement Balance $      1,072,449.53
Chandler Asset Management Reconciliation
General Ledger Balance 12,422,077.63
Interest/Market Value/Other Adjustments 3,487.50
Statement Balance $    12,425,565.13
LAIF Reconciliation
General Ledger Balance 20,411,340.31
Interest/Market Value/Other Adjustments                           ‐ Statement Balance $    20,411,340.31

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CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Cash and Investments
As of July 31, 2022
ATTACHMENT 1
Description Cost Value  Market Value
Interest/Yield
to Maturity Maturity Date
% of
Portfolio
Cash and Cash Equivalents
Chase Bank (statement balance) 1,072,449.53 $         $        1,072,449.53 0.000% n/a 3.16% LAIF 20,411,340.31                  20,148,552.75 1.090% n/a 60.07% Investments
Chandler Investments
Asset‐Backed Securities 1,230,255.62                      1,197,144.03 3.610% See Attached 3.62% Federal Agencies 3,950,319.80                      3,846,260.39 2.930% See Attached 11.63% Collater. Mortgage Obligation 100,578.13                            100,120.90 3.220% See Attached 0.30% US Corporate 3,071,681.35                      2,974,685.27 3.170% See Attached 9.04% Money Market Funds 94,229.93                                  94,229.93 1.390% See Attached 0.28% Supranational 542,472.95                            522,839.90 2.980% See Attached 1.60% US Treasury           3,436,027.35           3,299,564.55 3.040% See Attached 10.11% Total Cash and Investments $     33,909,354.97 $     33,255,847.25 3.080% Bond Reserves
2013 Tax Allocation Revenue Bonds
Cash Management 1,718.28                                      1,718.28 0.000% n/a 0.01% 2020 Tax Allocation Revenue Bonds
Cash Management                              ‐ ‐                              0.000% n/a 0.00% 2022 Tax Allocation Revenue Bonds
Cash Management 6,316.78                                      6,316.78 0.000% n/a 0.02% FNMA 60,758.37                                  60,758.37 0.190% n/a 0.18% Total Bond Reserves $             68,793.43 $             68,793.43 Total Investment Portfolio    $     33,978,148.40 $     33,324,640.68 100.00% PREPARED BY:

Signature on file
Joann M. Gitmed, Finance Manager
I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. The investment portfolio provides sufficient funds to meet the budgeted expenditures over the next six months. This report meets the requirements of Government Code Section 53646.

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City of Imperial Beach - Account

MONTHLY ACCOUNT STATEMENT
JULY 1, 2022 THROUGH JULY 31, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
ATTACHMENT 2

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ACCOUNT SUMMARY
Beg. Values
as of 6/30/22
End Values
as of 7/31/22
Market Value 11,984,785 12,034,845
Accrued Interest 32,028 33,386
Total Market Value 12,016,813 12,068,231
Income Earned 11,555 11,992
Cont/WD -1,108
Par 12,404,845 12,414,618
Book Value 12,398,518 12,408,043
Cost Value 12,415,803 12,425,565

TOP ISSUERS
Government of United States 27.4%
Federal Farm Credit Bank 14.8%
Federal Home Loan Mortgage Corp 10.7%
Federal National Mortgage Assoc 5.2%
Inter-American Dev Bank 2.5%
Federal Home Loan Bank 2.2%
Wal-Mart Stores 2.1%
Apple Inc 2.1%
Total 66.9%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.68
Average Coupon 1.18%
Average Purchase YTM 1.15%
Average Market YTM 3.04%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 1.93 yrs
Average Life 1.73 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of July 31, 2022
City of Imperial Beach
Account

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 7/31/2013 City of Imperial Beach 0.43% 0.37% -2.37% -2.93% -1.30% 0.56% 1.10% N/A 1.05% ICE BofA 1-3 Yr US Treasury Index 0.34% 0.31% -2.51% -3.13% -1.51% 0.39% 0.96% N/A 0.86% ICE BofA 1-3 Yr AAA-A US Corp & Govt Index 0.39% 0.34% -2.53% -3.14% -1.44% 0.47% 1.08% N/A 1.00% Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 8/1/2022 10:48:30 PM

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Category Standard Comment
Treasury Issues No limitation; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agencies
20% max callable in federal agency securities; Federal Agencies or U.S. Government-Sponsored Enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or U.S. government-sponsored enterprises.

Complies
Municipal Securities
"A" rating category or higher by at least one NRSRO; 30% maximum; 5% max per issuer; Include obligations of the City, State of California, any local agency within the State of California, and registered notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state, or by a department, board, agency, or authority of any of the other 49 states.

Complies
Supranationals
"AA" rating category or higher by a Nationally Recognized Statistical Rating Organization ("NRSRO"); 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by International Bank for Reconstruction (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB)
Complies
Banker’s Acceptances "A-1" rated or higher by a NRSRO for short term debt obligations; and "A" rating category or higher for long-term debt obligations; 40% maximum; 5% max per issuer; <180 days maturity Complies Commercial Paper
"A-1" rated or higher by a NRSRO for short-term obligations; "A" rating category or higher by a NRSRO for long-term obligations, if any; 25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with assets >$500 million. No more than 10% of the outstanding commercial paper per issuer.

Complies
Corporate Medium Term Notes "A" rating category or better by at least one NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating in the U.S. Complies Negotiable Certificates of Deposit "A-1" short-term debt rated or higher by a NRSRO or "A" rating category or higher by a NRSRO for long-term obligations; 30% maximum; 5% max per issuer
Complies
FDIC insured Time Deposits/ Certificates
of Deposit
Amount per institution limited to the max covered under FDIC or NCUA; 20% maximum (combination of FDIC insured and collateralized TDs/ CDs); 5% max per issuer Complies
Collateralized Time Deposits/ Certificates
of Deposit
20% maximum (combination of FDIC insured and collateralized TDs/ CDs); 5% max per issuer; Non-negotiable Certificates of Deposit in excess of insured amounts which are fully collateralized with securities in accordance with California law. Complies Certificate of Deposit Placement Service
(CDARS)
No more than 30% of the total portfolio may be invested in a combination of certificates of deposit including CDARS; Maximum maturity of 5 years Complies
Mortgage Pass-Through Securities, Asset
Backed Securities, Collateralized
Mortgage Obligations
"AA" rating category or higher by a NRSRO; 20% maximum; 5% max per issuer; From issuers not defined in sections 1 (U.S.

Government) and 2 (Federal Agencies) of the Authorized and Suitable Investment section of the policy. Complies Repurchase Agreements 1 year maximum maturity Complies
Mutual Funds and Money Market Mutual
Funds
Highest rating or "AAA" rated by two NRSROs; or SEC registered investment adviser with AUM >$500 million and experience > 5 years; 20% maximum in Money Market Mutual Funds and Mutual Funds; 20% max per one Money Market Mutual Fund; 10% max per one Mutual Fund
Complies
Local Agency Investment Fund Maximum permitted amount in LAIF Complies City of Imperial Beach
As of July 31, 2022
Assets managed by Chandler Asset Management are in full compliance with state law and the City's investment policy.

Statement of Compliance

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Prohibited Securities
Securities issued by fossil fuel companies that directly source the majority of their revenues from oil, gas, and/ or coal production; Futures and Options; Inverse floaters; Ranges notes, Interest-only strips from mortgaged backed securities; Zero interest accrual securities; Purchasing or selling securities on margin; Reverse Repurchase Agreements; Securities Lending; Foreign currency denominated securities
Complies
Max Per Issuer
No more than 5% in any single issuer, other than the US Government, its Agencies and enterprises, Supranationals, Money Market Funds and Local Government Investment Pools Complies Local Government Investment Pools No more than 10% per issuer limitation other than LAIF Complies Weighted Average Maturity 3 years Complies
Maximum Maturity 5 years Complies

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BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $12,398,518.36
Acquisition
+ Security Purchases $119,988.00
+ Money Market Fund Purchases $21,085.32
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $141,073.32
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $119,988.00
- MMF Withdrawals $1,108.31
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $0.00
- Calls $0.00
- Principal Paydowns $10,216.29
Total Dispositions $131,312.60
Amortization/Accretion
+/- Net Accretion ($235.78)
($235.78)
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $12,408,043.30

CASH TRANSACTION SUMMARY
BEGINNING BALANCE $194,240.92
Acquisition
Contributions $0.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $10,768.30
Dividend Received $100.73
Principal on Maturities $0.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $10,216.29
Total Acquisitions $21,085.32
Dispositions
Withdrawals $1,108.31
Security Purchase $119,988.00
Accrued Interest Paid $0.00
Total Dispositions $121,096.31
ENDING BOOK VALUE $94,229.93
Reconciliation Summary
As of July 31, 2022
City of Imperial Beach
Account
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 8/1/2022 10:48:30 PM

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Holdings Report
As of July 31, 2022
City of Imperial Beach
Account
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
477870AC3 John Deere Owner Trust 2019-B A3

2.21% Due 12/15/2023
7,479.33 07/16/2019

2.23%
7,477.74
7,478.83

99.86 3.01%
7,468.97

7.35 0.06%
(9.86)
Aaa / NR
AAA

1.38 0.17
43813RAC1 Honda Auto Receivables 2020-1 A3

1.61% Due 4/22/2024
48,354.86 02/19/2020

1.62%
48,345.39
48,350.93

99.28 3.39%
48,005.64

21.63 0.40%
(345.29)
Aaa / NR
AAA

1.73 0.41
47789KAC7 John Deere Owner Trust 2020-A A3

1.1% Due 8/15/2024
34,553.63 03/04/2020

1.10%
34,551.52
34,552.66

98.98 3.63%
34,199.56

16.89 0.28%
(353.10)
Aaa / NR
AAA

2.04 0.40
36262XAC8 GM Financial Auto Lease Trust 2021-3
A2

0.39% Due 10/21/2024
85,000.00 08/10/2021

0.39%
84,998.84
84,999.30

96.93 3.53%
82,389.57

10.13 0.68%
(2,609.73)

NR / AAA
AAA

2.23 0.99
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-
B A3

0.4% Due 11/15/2024
60,000.00 06/22/2021

0.40%
59,995.47
59,997.41

97.01 3.54%
58,204.56

10.67 0.48%
(1,792.85)

NR / AAA
AAA

2.30 0.96
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3

0.33% Due 12/26/2024
40,000.00 09/08/2021

0.34%
39,995.87
39,997.46

97.27 3.53%
38,907.68

2.20 0.32%
(1,089.78)
Aaa / NR
AAA

2.41 0.86
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3

1.1% Due 3/25/2025
40,000.00 01/11/2022

1.05%
39,994.02
39,995.48

97.10 3.53%
38,840.80

7.33 0.32%
(1,154.68)

NR / AAA
AAA

2.65 1.20
43813GAC5 Honda Auto Receivables Trust 2021-1
A3

0.27% Due 4/21/2025
60,000.00 02/17/2021

0.27%
59,998.90
59,999.41

97.67 3.75%
58,600.50

4.50 0.49%
(1,398.91)
Aaa / NR
AAA

2.73 0.67
47788UAC6 John Deere Owner Trust 2021-A A3

0.36% Due 9/15/2025
45,000.00 03/02/2021

0.37%
44,991.35
44,994.70

96.44 3.84%
43,399.85

7.20 0.36%
(1,594.85)
Aaa / NR
AAA

3.13 1.03
89190GAC1 Toyota Auto Receivables Trust 2021-B
A3

0.26% Due 11/17/2025
180,000.00 06/08/2021

0.26%
179,980.61
179,987.53

96.36 3.69%
173,444.76

20.80 1.44%
(6,542.77)

NR / AAA
AAA

3.30 1.07
43815EAC8 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
80,000.00 08/17/2021

0.41%
79,998.83
79,999.17

95.93 3.59%
76,745.04

11.84 0.64%
(3,254.13)

NR / AAA
AAA

3.30 1.29
43815GAC3 Honda Auto Receivables Trust 2021-4
A3

0.88% Due 1/21/2026
40,000.00 11/16/2021

0.89%
39,991.57
39,993.35

95.78 3.60%
38,311.72

9.78 0.32%
(1,681.63)
Aaa / NR
AAA

3.48 1.57
47789QAC4 John Deere Owner Trust 2021-B A3

0.52% Due 3/16/2026
50,000.00 07/13/2021

0.52%
49,995.54
49,996.80

95.08 3.98%
47,537.55

11.56 0.39%
(2,459.25)
Aaa / NR
AAA

3.63 1.44
89238JAC9 Toyota Auto Receivables Trust 2021-D
A3

0.71% Due 4/15/2026
40,000.00 11/09/2021

0.71%
39,999.15
39,999.34

95.46 3.75%
38,182.88

12.62 0.32%
(1,816.46)

NR / AAA
AAA

3.71 1.51
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 8/1/2022 10:48:30 PM

Page 38 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
44935FAD6 Hyundai Auto Receivables Trust 2021-C
A3

0.74% Due 5/15/2026
30,000.00 11/09/2021

0.75%
29,993.30
29,994.79

95.73 3.56%
28,718.19

9.87 0.24%
(1,276.60)

NR / AAA
AAA

3.79 1.53
05602RAD3 BMW Vehicle Owner Trust 2022-A A3

3.21% Due 8/25/2026
45,000.00 05/10/2022

3.23%
44,997.66
44,997.81

99.73 3.57%
44,880.48

24.08 0.37%
(117.33)
Aaa / AAA
NR

4.07 0.78
362554AC1 GM Financial Securitized Term 2021-4
A3

0.68% Due 9/16/2026
30,000.00 10/13/2021

0.66%
29,999.24
29,999.41

95.41 3.85%
28,623.75

8.50 0.24%
(1,375.66)
Aaa / AAA
NR

4.13 1.47
47787JAC2 John Deere Owner Trust 2022-A A3

2.32% Due 9/16/2026
50,000.00 03/10/2022

2.34%
49,988.94
49,990.13

97.60 3.57%
48,798.85

51.56 0.40%
(1,191.28)
Aaa / NR
AAA

4.13 1.95
448977AD0 Hyundai Auto Receivables Trust 2022-A
A3

2.22% Due 10/15/2026
90,000.00 03/09/2022

2.23%
89,996.54
89,996.94

97.27 3.70%
87,545.61

88.80 0.73%
(2,451.33)

NR / AAA
AAA

4.21 1.87
380146AC4 GM Financial Auto Receivables 2022-1
A3

1.26% Due 11/16/2026
25,000.00 01/11/2022

1.23%
24,997.83
24,998.18

96.37 4.17%
24,093.55

13.13 0.20%
(904.63)

NR / AAA
AAA

4.30 1.26
362585AC5 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027
40,000.00 04/05/2022

3.13%
39,991.64
39,992.37

99.27 3.49%
39,708.16

51.67 0.33%
(284.21)
Aaa / AAA
NR

4.55 1.97
02582JJT8 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
110,000.00 05/17/2022

3.42%
109,975.67
109,977.21
100.49

3.23%
110,536.36
165.73

0.92%
559.15

NR / AAA
AAA

4.80 2.62
Total ABS 1,230,387.82 1.21%
1,230,255.62
1,230,289.21 3.61%
1,197,144.03
567.84

9.92%
(33,145.18)
Aaa / AAA
AAA

3.38 1.32
AGENCY
3133EKHN9 FFCB Note

2.33% Due 10/18/2022
300,000.00 05/03/2019

2.40%
299,301.00
299,956.76

99.95 2.57%
299,835.60
1,999.92

2.50%
(121.16)
Aaa / AA+
AAA

0.22 0.21
3133EKUA2 FFCB Note

1.85% Due 2/1/2023
400,000.00 07/23/2019

1.86%
399,900.00
399,985.71

99.50 2.87%
397,990.80
3,700.00

3.33%
(1,994.91)
Aaa / AA+
AAA

0.51 0.49
3135G05G4 FNMA Note

0.25% Due 7/10/2023
400,000.00 07/31/2020

0.24%
400,164.00
400,052.52

97.41 3.06%
389,633.20

58.33 3.23%
(10,419.32)
Aaa / AA+
AAA

0.94 0.93
3133EL3V4 FFCB Note

0.2% Due 8/14/2023
250,000.00 08/12/2020

0.27%
249,480.00
249,819.84

97.18 2.99%
242,945.00
231.94

2.02%
(6,874.84)
Aaa / AA+
AAA

1.04 1.02
3137EAEV7 FHLMC Note

0.25% Due 8/24/2023
250,000.00 08/26/2020

0.30%
249,662.50
249,880.08

97.15 2.99%
242,877.25
272.57

2.01%
(7,002.83)
Aaa / AA+
AAA

1.07 1.05
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 8/1/2022 10:48:30 PM

Page 39 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3133EJYL7 FFCB Note

2.8% Due 9/5/2023
500,000.00 06/10/2019

2.00%
516,185.00
504,184.87

99.82 2.97%
499,084.00
5,677.78

4.18%
(5,100.87)
Aaa / AA+
AAA

1.10 1.06
3137EAEW5 FHLMC Note

0.25% Due 9/8/2023
355,000.00 Various

0.24%
355,096.85
355,036.77

97.07 2.97%
344,588.92
352.53

2.86%
(10,447.85)
Aaa / AA+
AAA

1.11 1.08
3133EMBS0 FFCB Note

0.2% Due 10/2/2023
250,000.00 09/28/2020

0.24%
249,702.50
249,883.99

96.87 2.94%
242,183.25
165.28

2.01%
(7,700.74)
Aaa / AA+
AAA

1.17 1.15
3137EAEY1 FHLMC Note

0.125% Due 10/16/2023
195,000.00 10/14/2020

0.25%
194,272.65
194,707.07

96.66 2.96%
188,480.96

71.09 1.56%
(6,226.11)
Aaa / AA+
AAA

1.21 1.19
3137EAEZ8 FHLMC Note

0.25% Due 11/6/2023
250,000.00 11/03/2020

0.28%
249,775.00
249,905.16

96.70 2.93%
241,742.75
147.57

2.00%
(8,162.41)
Aaa / AA+
AAA

1.27 1.24
3137EAFA2 FHLMC Note

0.25% Due 12/4/2023
180,000.00 12/02/2020

0.28%
179,821.80
179,920.26

96.47 2.96%
173,640.78

71.25 1.44%
(6,279.48)
Aaa / AA+
AAA

1.35 1.32
3130A7PH2 FHLB Note

1.875% Due 3/8/2024
100,000.00 03/03/2020

0.85%
104,035.00
101,611.25

98.29 2.98%
98,286.60
744.79

0.82%
(3,324.65)
Aaa / AA+
NR

1.61 1.55
3130AQF40 FHLB Note
1% Due 12/20/2024
175,000.00 12/21/2021

1.03%
174,846.00
174,877.25

95.47 2.98%
167,074.08
199.31

1.39%
(7,803.17)
Aaa / AA+
AAA

2.39 2.33
3133ENKS8 FFCB Note

1.125% Due 1/6/2025
90,000.00 01/06/2022

1.20%
89,797.50
89,834.99

95.80 2.93%
86,222.70

70.31 0.72%
(3,612.29)
Aaa / AA+
AAA

2.44 2.37
3135G05X7 FNMA Note

0.375% Due 8/25/2025
250,000.00 03/07/2022

1.78%
238,280.00
239,631.60

92.67 2.89%
231,674.50
406.25

1.92%
(7,957.10)
Aaa / AA+
AAA

3.07 3.00
Total Agency 3,945,000.00 0.97%
3,950,319.80
3,939,288.12 2.93%
3,846,260.39
14,168.92

31.99%
(93,027.73)
Aaa / AA+
AAA

1.20 1.17
CMO
3137BKRJ1 FHLMC K047 A2

3.329% Due 5/25/2025
100,000.00 05/19/2022

3.05%
100,578.13
100,540.95
100.12

3.22%
100,120.90
277.42

0.83%
(420.05)

NR / NR
AAA

2.82 2.55
Total CMO 100,000.00 3.05%
100,578.13
100,540.95 3.22%
100,120.90
277.42

0.83%
(420.05)

NR / NR
AAA

2.82 2.55

CORPORATE
89236TEL5 Toyota Motor Credit Corp Note

2.7% Due 1/11/2023
250,000.00 05/21/2019

2.68%
250,202.50
250,024.84

99.87 2.99%
249,674.00
375.00

2.07%
(350.84)
A1 / A+
A+

0.45 0.44
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 8/1/2022 10:48:30 PM

Page 40 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
037833AK6 Apple Inc Note

2.4% Due 5/3/2023
250,000.00 05/03/2019

2.74%
246,837.50
249,403.10

99.57 2.98%
248,927.00
1,466.67

2.07%
(476.10)
Aaa / AA+
NR

0.76 0.74
931142EK5 Wal-Mart Stores Callable Note Cont
5/26/2023

3.4% Due 6/26/2023
250,000.00 05/03/2019

2.71%
256,587.50
251,326.40
100.25

3.08%
250,621.50
826.39

2.08%
(704.90)
Aa2 / AA
AA

0.90 0.80
24422EVN6 John Deere Capital Corp Note

0.45% Due 1/17/2024
170,000.00 03/01/2021

0.47%
169,879.30
169,938.56

96.40 2.98%
163,883.23

29.75 1.36%
(6,055.33)
A2 / A
A

1.47 1.44
69371RR24 Paccar Financial Corp Note

0.35% Due 2/2/2024
100,000.00 01/28/2021

0.39%
99,884.00
99,941.74

95.65 3.34%
95,649.00
174.03

0.79%
(4,292.74)
A1 / A+
NR

1.51 1.47
808513BN4 Charles Schwab Corp Callable Note
Cont 2/18/2024

0.75% Due 3/18/2024
150,000.00 Various

0.64%
150,413.00
150,261.19

96.29 3.10%
144,433.80
415.63

1.20%
(5,827.39)
A2 / A
A

1.63 1.59
023135BW5 Amazon.com Inc Note

0.45% Due 5/12/2024
100,000.00 05/10/2021

0.50%
99,854.00
99,913.41

95.80 2.89%
95,795.00

98.75 0.79%
(4,118.41)
A1 / AA
AA1.781.75
91324PEB4 United Health Group Inc Callable Note
Cont 5/15/2022

0.55% Due 5/15/2024
50,000.00 11/08/2021

0.78%
49,713.00
49,795.63

95.54 3.13%
47,771.35

58.06 0.40%
(2,024.28)
A3 / A+
A

1.79 1.75
14913R2L0 Caterpillar Financial Service Note

0.45% Due 5/17/2024
155,000.00 05/10/2021

0.50%
154,792.30
154,875.87

95.49 3.05%
148,015.39
143.38

1.23%
(6,860.48)
A2 / A
A

1.80 1.76
89114QCA4 Toronto Dominion Bank Note

2.65% Due 6/12/2024
125,000.00 08/25/2021

0.61%
132,032.50
129,695.23

98.43 3.52%
123,041.75
450.87

1.02%
(6,653.48)
A1 / A
AA1.871.79
06051GJY6 Bank of America Corp Callable Note
Cont 6/14/2023

0.523% Due 6/14/2024
120,000.00 06/07/2021

0.52%
120,008.00
120,003.47

97.00 2.94%
116,404.20

81.94 0.97%
(3,599.27)
A2 / AAA1.87

1.83 06367TQW3 Bank of Montreal Note

0.625% Due 7/9/2024
150,000.00 09/10/2021

0.65%
149,878.50
149,916.40

94.69 3.48%
142,029.90

57.29 1.18%
(7,886.50)
A2 / AAA1.94

1.90 79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022

0.625% Due 7/15/2024
25,000.00 06/29/2021

0.64%
24,987.25
24,991.72

95.58 2.97%
23,895.35

6.94 0.20%
(1,096.37)
A2 / A+
NR

1.96 1.92
91159HHX1 US Bancorp Callable Note Cont
6/28/2024

2.4% Due 7/30/2024
150,000.00 11/09/2021

0.80%
156,232.50
154,529.77

98.41 3.23%
147,613.05

10.00 1.22%
(6,916.72)
A2 / A+
A+

2.00 1.93
78015K7C2 Royal Bank of Canada Note

2.25% Due 11/1/2024
150,000.00 08/19/2021

0.77%
156,999.00
154,940.12

97.49 3.42%
146,233.20
843.75

1.22%
(8,706.92)
A1 / A
AA2.262.16
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 8/1/2022 10:48:30 PM

Page 41 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
63743HFC1 National Rural Utilities Note

1.875% Due 2/7/2025
125,000.00 03/18/2022

2.76%
121,962.50
122,343.27

96.69 3.25%
120,866.38
1,132.81

1.01%
(1,476.89)
A2 / AA2.53

2.41 46647PBY1 JP Morgan Chase & Co Callable Note
Cont 2/16/2024

0.563% Due 2/16/2025
85,000.00 02/09/2021

0.56%
85,000.00
85,000.00

94.71 3.29%
80,502.99
219.34

0.67%
(4,497.01)
A2 / AAA2.55

2.48 69371RR73 Paccar Financial Corp Note

2.85% Due 4/7/2025
70,000.00 03/31/2022

2.86%
69,981.80
69,983.73

98.86 3.30%
69,199.55
631.75

0.58%
(784.18)
A1 / A+
NR

2.69 2.54
87612EBL9 Target Corp Callable Note Cont 4/15/25

2.25% Due 4/15/2025
150,000.00 02/17/2022

2.08%
150,739.50
150,633.57

97.87 3.08%
146,806.65
993.75

1.22%
(3,826.92)
A2 / A
A

2.71 2.58
06406RBC0 Bank of NY Mellon Corp Callable Note
Cont 3/25/2025

3.35% Due 4/25/2025
110,000.00 04/19/2022

3.35%
109,984.60
109,985.96

99.74 3.45%
109,713.78
972.43

0.92%
(272.18)
A1 / A
AA2.742.50
46647PCH7 JP Morgan Chase & Co Callable Note
Cont 6/1/2024

0.824% Due 6/1/2025
130,000.00 05/24/2021

0.78%
130,170.10
130,103.98

94.03 3.48%
122,241.48
178.53

1.01%
(7,862.50)
A2 / AAA2.84

2.75 438516CB0 Honeywell Intl Callable Note Cont
5/1/2025

1.35% Due 6/1/2025
150,000.00 03/09/2022

2.31%
145,542.00
146,083.17

95.48 3.02%
143,226.60
337.50

1.19%
(2,856.57)
A2 / A
A

2.84 2.74
857477BR3 State Street Bank Callable Note Cont
2/6/2025

1.746% Due 2/6/2026
40,000.00 02/02/2022

1.75%
40,000.00
40,000.00

95.35 3.59%
38,140.12
337.56

0.32%
(1,859.88)
A1 / A
AA3.523.33
Total Corporate 3,055,000.00 1.53%
3,071,681.35
3,063,691.13 3.17%
2,974,685.27
9,842.12

24.73%
(89,005.86)
A1 / A+
A+

1.80 1.73

MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
94,229.93 Various

1.39%
94,229.93
94,229.93

1.00 1.39%
94,229.93

0.00 0.78%

0.00 Aaa / AAA
AAA

0.00 0.00
Total Money Market Fund 94,229.93 1.39%
94,229.93
94,229.93 1.39%
94,229.93

0.00 0.78%

0.00 Aaa / AAA
AAA

0.00 0.00

SUPRANATIONAL
459058JM6 Intl. Bank Recon & Development Note

0.25% Due 11/24/2023
125,000.00 11/17/2020

0.32%
124,731.25
124,882.19

96.57 2.93%
120,714.38

58.16 1.00%
(4,167.81)
Aaa / AAA
AAA

1.32 1.29
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 8/1/2022 10:48:30 PM

Page 42 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

SUPRANATIONAL
4581X0EE4 Inter-American Dev Bank Note

3.25% Due 7/1/2024
120,000.00 06/22/2022

3.26%
119,988.00
119,988.51
100.24

3.12%
120,283.32
325.00

1.00%
294.81
Aaa / AAA
AAA

1.92 1.84
4581X0DZ8 Inter-American Dev Bank Note

0.5% Due 9/23/2024
195,000.00 09/15/2021

0.52%
194,855.70
194,896.78

94.84 3.00%
184,930.20
346.67

1.54%
(9,966.58)
Aaa / AAA
NR

2.15 2.10
45950KCR9 International Finance Corp Note

1.375% Due 10/16/2024
100,000.00 07/29/2021

0.46%
102,898.00
101,997.17

96.91 2.83%
96,912.00
401.04

0.81%
(5,085.17)
Aaa / AAA
NR

2.21 2.14
Total Supranational 540,000.00 1.07%
542,472.95
541,764.65 2.98%
522,839.90
1,130.87

4.34%
(18,924.75)
Aaa / AAA
AAA

1.92 1.86

US TREASURY
91282CBA8 US Treasury Note

0.125% Due 12/15/2023
250,000.00 01/11/2021

0.22%
249,326.17
249,683.61

96.21 2.96%
240,517.50

40.13 1.99%
(9,166.11)
Aaa / AA+
AAA

1.38 1.35
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
250,000.00 04/28/2021

0.36%
250,146.48
250,084.34

95.74 2.95%
239,355.50
276.64

1.99%
(10,728.84)
Aaa / AA+
AAA

1.71 1.68
91282CCC3 US Treasury Note

0.25% Due 5/15/2024
250,000.00 05/12/2021

0.36%
249,218.75
249,533.68

95.36 2.93%
238,388.75
132.47

1.98%
(11,144.93)
Aaa / AA+
AAA

1.79 1.76
91282CCG4 US Treasury Note

0.25% Due 6/15/2024
250,000.00 06/10/2021

0.33%
249,423.83
249,640.42

95.16 2.92%
237,900.50

80.26 1.97%
(11,739.92)
Aaa / AA+
AAA

1.88 1.84
91282CCL3 US Treasury Note

0.375% Due 7/15/2024
250,000.00 08/05/2021

0.37%
250,068.36
250,045.45

95.23 2.90%
238,086.00

43.31 1.97%
(11,959.45)
Aaa / AA+
AAA

1.96 1.92
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
250,000.00 10/14/2021

0.63%
249,980.47
249,985.64

95.21 2.88%
238,017.50
461.07

1.98%
(11,968.14)
Aaa / AA+
AAA

2.21 2.16
912828Z52 US Treasury Note

1.375% Due 1/31/2025
200,000.00 02/16/2021

0.37%
207,843.75
204,964.81

96.40 2.88%
192,796.80

7.47 1.60%
(12,168.01)
Aaa / AA+
AAA

2.51 2.43
912828ZC7 US Treasury Note

1.125% Due 2/28/2025
250,000.00 02/09/2022

1.59%
246,533.20
247,068.47

95.71 2.86%
239,287.00
1,176.97

1.99%
(7,781.47)
Aaa / AA+
AAA

2.58 2.51
912828ZF0 US Treasury Note

0.5% Due 3/31/2025
250,000.00 03/17/2021

0.63%
248,671.88
249,123.30

93.97 2.86%
234,931.75
420.08

1.95%
(14,191.55)
Aaa / AA+
AAA

2.67 2.61
912828ZL7 US Treasury Note

0.375% Due 4/30/2025
250,000.00 03/30/2021

0.66%
247,138.67
248,075.18

93.46 2.86%
233,662.00
236.92

1.94%
(14,413.18)
Aaa / AA+
AAA

2.75 2.70
912828ZT0 US Treasury Note

0.25% Due 5/31/2025
250,000.00 10/14/2021

0.78%
245,244.14
246,285.83

92.96 2.86%
232,392.50
105.87

1.93%
(13,893.33)
Aaa / AA+
AAA

2.84 2.78
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 8/1/2022 10:48:30 PM

Page 43 of 574 ends

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CAB7 US Treasury Note

0.25% Due 7/31/2025
250,000.00 12/02/2021

1.06%
242,753.91
244,061.03

92.59 2.84%
231,484.50

1.70 1.92%
(12,576.53)
Aaa / AA+
AAA

3.00 2.95
9128285C0 US Treasury Note
3% Due 9/30/2025
250,000.00 05/05/2022

2.99%
250,097.66
250,090.82
100.55

2.81%
251,386.75
2,520.49

2.10%
1,295.93
Aaa / AA+
AAA

3.17 2.97
9128285J5 US Treasury Note
3% Due 10/31/2025
250,000.00 06/09/2022

3.05%
249,580.08
249,596.73
100.54

2.82%
251,357.50
1,895.38

2.10%
1,760.77
Aaa / AA+
AAA

3.25 3.06
Total US Treasury 3,450,000.00 0.96%
3,436,027.35
3,438,239.31 2.88%
3,299,564.55
7,398.76

27.40%
(138,674.76)
Aaa / AA+
AAA

2.41 2.34
TOTAL PORTFOLIO 12,414,617.75 1.15%
12,425,565.13
12,408,043.30 3.04%
12,034,844.97
33,385.93
100.00%
(373,198.33)
Aa1 / AA
AAA

1.93 1.68
TOTAL MARKET VALUE PLUS ACCRUED 12,068,230.90
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 8/1/2022 10:48:30 PM

Page 44 of 574 ends

Transaction Ledger
As of July 31, 2022
City of Imperial Beach
Account
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 07/01/2022 31846V203 100.73 First American Govt Obligation Fund Class Y

1.000 0.97% 100.73 0.00 100.73 0.00
Purchase 07/01/2022 4581X0EE4 120,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

99.990 3.26% 119,988.00 0.00 119,988.00 0.00
Purchase 07/06/2022 31846V203 492.19 First American Govt Obligation Fund Class Y

1.000 0.97% 492.19 0.00 492.19 0.00
Purchase 07/09/2022 31846V203 468.75 First American Govt Obligation Fund Class Y

1.000 0.97% 468.75 0.00 468.75 0.00
Purchase 07/10/2022 31846V203 500.00 First American Govt Obligation Fund Class Y

1.000 0.97% 500.00 0.00 500.00 0.00
Purchase 07/11/2022 31846V203 3,375.00 First American Govt Obligation Fund Class Y

1.000 0.97% 3,375.00 0.00 3,375.00 0.00
Purchase 07/15/2022 31846V203 546.88 First American Govt Obligation Fund Class Y

1.000 0.97% 546.88 0.00 546.88 0.00
Purchase 07/15/2022 31846V203 310.75 First American Govt Obligation Fund Class Y

1.000 0.97% 310.75 0.00 310.75 0.00
Purchase 07/15/2022 31846V203 166.50 First American Govt Obligation Fund Class Y

1.000 0.97% 166.50 0.00 166.50 0.00
Purchase 07/15/2022 31846V203 18.50 First American Govt Obligation Fund Class Y

1.000 0.97% 18.50 0.00 18.50 0.00
Purchase 07/15/2022 31846V203 96.67 First American Govt Obligation Fund Class Y

1.000 0.97% 96.67 0.00 96.67 0.00
Purchase 07/15/2022 31846V203 13.50 First American Govt Obligation Fund Class Y

1.000 0.97% 13.50 0.00 13.50 0.00
Purchase 07/15/2022 31846V203 21.67 First American Govt Obligation Fund Class Y

1.000 0.97% 21.67 0.00 21.67 0.00
Purchase 07/15/2022 31846V203 20.00 First American Govt Obligation Fund Class Y

1.000 0.97% 20.00 0.00 20.00 0.00
Purchase 07/15/2022 31846V203 39.00 First American Govt Obligation Fund Class Y

1.000 0.97% 39.00 0.00 39.00 0.00
Purchase 07/15/2022 31846V203 23.67 First American Govt Obligation Fund Class Y

1.000 0.97% 23.67 0.00 23.67 0.00
Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 8/1/2022 10:48:30 PM

Page 45 of 574 ends

ACQUISITIONS
Purchase 07/15/2022 31846V203 1,554.52 First American Govt Obligation Fund Class Y

1.000 0.97% 1,554.52 0.00 1,554.52 0.00
Purchase 07/15/2022 31846V203 3,303.40 First American Govt Obligation Fund Class Y

1.000 0.97% 3,303.40 0.00 3,303.40 0.00
Purchase 07/17/2022 31846V203 382.50 First American Govt Obligation Fund Class Y

1.000 0.97% 382.50 0.00 382.50 0.00
Purchase 07/18/2022 31846V203 17.00 First American Govt Obligation Fund Class Y

1.000 0.97% 17.00 0.00 17.00 0.00
Purchase 07/18/2022 31846V203 103.33 First American Govt Obligation Fund Class Y

1.000 0.97% 103.33 0.00 103.33 0.00
Purchase 07/18/2022 31846V203 26.25 First American Govt Obligation Fund Class Y

1.000 0.97% 26.25 0.00 26.25 0.00
Purchase 07/18/2022 31846V203 27.33 First American Govt Obligation Fund Class Y

1.000 0.97% 27.33 0.00 27.33 0.00
Purchase 07/20/2022 31846V203 27.63 First American Govt Obligation Fund Class Y

1.000 0.97% 27.63 0.00 27.63 0.00
Purchase 07/21/2022 31846V203 13.50 First American Govt Obligation Fund Class Y

1.000 0.97% 13.50 0.00 13.50 0.00
Purchase 07/21/2022 31846V203 29.33 First American Govt Obligation Fund Class Y

1.000 0.97% 29.33 0.00 29.33 0.00
Purchase 07/21/2022 31846V203 5,481.78 First American Govt Obligation Fund Class Y

1.000 0.97% 5,481.78 0.00 5,481.78 0.00
Purchase 07/25/2022 31846V203 277.42 First American Govt Obligation Fund Class Y

1.000 0.97% 277.42 0.00 277.42 0.00
Purchase 07/25/2022 31846V203 11.00 First American Govt Obligation Fund Class Y

1.000 0.97% 11.00 0.00 11.00 0.00
Purchase 07/25/2022 31846V203 112.35 First American Govt Obligation Fund Class Y

1.000 0.97% 112.35 0.00 112.35 0.00
Purchase 07/25/2022 31846V203 36.67 First American Govt Obligation Fund Class Y

1.000 0.97% 36.67 0.00 36.67 0.00
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 8/1/2022 10:48:30 PM

Page 46 of 574 ends

ACQUISITIONS
Purchase 07/30/2022 31846V203 1,800.00 First American Govt Obligation Fund Class Y

1.000 1.39% 1,800.00 0.00 1,800.00 0.00
Purchase 07/31/2022 31846V203 1,687.50 First American Govt Obligation Fund Class Y

1.000 1.39% 1,687.50 0.00 1,687.50 0.00
Subtotal 141,085.32 141,073.32 0.00 141,073.32 0.00
TOTAL ACQUISITIONS 141,085.32 141,073.32 0.00 141,073.32 0.00

DISPOSITIONS
Sale 07/01/2022 31846V203 119,988.00 First American Govt Obligation Fund Class Y

1.000 0.97% 119,988.00 0.00 119,988.00 0.00
Subtotal 119,988.00 119,988.00 0.00 119,988.00 0.00
Paydown 07/15/2022 02582JJT8 0.00 American Express Credit Trust 2022-2 A

3.39% Due 5/17/2027
100.000 0.00 310.75 310.75 0.00
Paydown 07/15/2022 448977AD0 0.00 Hyundai Auto Receivables Trust 2022-A A3

2.22% Due 10/15/2026
100.000 0.00 166.50 166.50 0.00
Paydown 07/15/2022 44935FAD6 0.00 Hyundai Auto Receivables Trust 2021-C A3

0.74% Due 5/15/2026
100.000 0.00 18.50 18.50 0.00
Paydown 07/15/2022 477870AC3 1,537.91 John Deere Owner Trust 2019-B A3

2.21% Due 12/15/2023
100.000 1,537.91 16.61 1,554.52 0.00
Paydown 07/15/2022 47787JAC2 0.00 John Deere Owner Trust 2022-A A3

2.32% Due 9/16/2026
100.000 0.00 96.67 96.67 0.00
Paydown 07/15/2022 47788UAC6 0.00 John Deere Owner Trust 2021-A A3

0.36% Due 9/15/2025
100.000 0.00 13.50 13.50 0.00
Paydown 07/15/2022 47789KAC7 3,268.73 John Deere Owner Trust 2020-A A3

1.1% Due 8/15/2024
100.000 3,268.73 34.67 3,303.40 0.00
Paydown 07/15/2022 47789QAC4 0.00 John Deere Owner Trust 2021-B A3

0.52% Due 3/16/2026
100.000 0.00 21.67 21.67 0.00
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 8/1/2022 10:48:30 PM

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DISPOSITIONS
Paydown 07/15/2022 58769KAD6 0.00 Mercedes-Benz Auto Lease Trust 2021- B A3

0.4% Due 11/15/2024
100.000 0.00 20.00 20.00 0.00
Paydown 07/15/2022 89190GAC1 0.00 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
100.000 0.00 39.00 39.00 0.00
Paydown 07/15/2022 89238JAC9 0.00 Toyota Auto Receivables Trust 2021-D A3

0.71% Due 4/15/2026
100.000 0.00 23.67 23.67 0.00
Paydown 07/18/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
100.000 0.00 17.00 17.00 0.00
Paydown 07/18/2022 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027
100.000 0.00 103.33 103.33 0.00
Paydown 07/18/2022 380146AC4 0.00 GM Financial Auto Receivables 2022-1 A3

1.26% Due 11/16/2026
100.000 0.00 26.25 26.25 0.00
Paydown 07/18/2022 43815EAC8 0.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
100.000 0.00 27.33 27.33 0.00
Paydown 07/20/2022 36262XAC8 0.00 GM Financial Auto Lease Trust 2021-3 A2

0.39% Due 10/21/2024
100.000 0.00 27.63 27.63 0.00
Paydown 07/21/2022 43813GAC5 0.00 Honda Auto Receivables Trust 2021-1 A3

0.27% Due 4/21/2025
100.000 0.00 13.50 13.50 0.00
Paydown 07/21/2022 43813RAC1 5,409.65 Honda Auto Receivables 2020-1 A3

1.61% Due 4/22/2024
100.000 5,409.65 72.13 5,481.78 0.00
Paydown 07/21/2022 43815GAC3 0.00 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
100.000 0.00 29.33 29.33 0.00
Paydown 07/25/2022 05601XAC3 0.00 BMW Vehicle Lease Trust 2022-1 A3

1.1% Due 3/25/2025
100.000 0.00 36.67 36.67 0.00
Paydown 07/25/2022 05602RAD3 0.00 BMW Vehicle Owner Trust 2022-A A3

3.21% Due 8/25/2026
100.000 0.00 112.35 112.35 0.00
Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 8/1/2022 10:48:30 PM

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DISPOSITIONS
Paydown 07/25/2022 09690AAC7 0.00 BMW Vehicle Lease Trust 2021-2 A3

0.33% Due 12/26/2024
100.000 0.00 11.00 11.00 0.00
Paydown 07/25/2022 3137BKRJ1 0.00 FHLMC K047 A2

3.329% Due 5/25/2025
100.000 0.00 277.42 277.42 0.00
Subtotal 10,216.29 10,216.29 1,515.48 11,731.77 0.00
Security
Withdrawal
07/13/2022 31846V203 1,004.14 First American Govt Obligation Fund Class Y

1.000 1,004.14 0.00 1,004.14 0.00
Security
Withdrawal
07/26/2022 31846V203 104.17 First American Govt Obligation Fund Class Y

1.000 104.17 0.00 104.17 0.00
Subtotal 1,108.31 1,108.31 0.00 1,108.31 0.00
TOTAL DISPOSITIONS 131,312.60 131,312.60 1,515.48 132,828.08 0.00

OTHER TRANSACTIONS
Interest 07/06/2022 3133ENKS8 90,000.00 FFCB Note

1.125% Due 1/6/2025

0.000 492.19 0.00 492.19 0.00
Interest 07/09/2022 06367TQW3 150,000.00 Bank of Montreal Note

0.625% Due 7/9/2024

0.000 468.75 0.00 468.75 0.00
Interest 07/10/2022 3135G05G4 400,000.00 FNMA Note

0.25% Due 7/10/2023

0.000 500.00 0.00 500.00 0.00
Interest 07/11/2022 89236TEL5 250,000.00 Toyota Motor Credit Corp Note

2.7% Due 1/11/2023

0.000 3,375.00 0.00 3,375.00 0.00
Interest 07/15/2022 79466LAG9 25,000.00 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 7/15/2024

0.000 78.13 0.00 78.13 0.00
Interest 07/15/2022 91282CCL3 250,000.00 US Treasury Note

0.375% Due 7/15/2024

0.000 468.75 0.00 468.75 0.00
Interest 07/17/2022 24422EVN6 170,000.00 John Deere Capital Corp Note

0.45% Due 1/17/2024

0.000 382.50 0.00 382.50 0.00
Interest 07/30/2022 91159HHX1 150,000.00 US Bancorp Callable Note Cont 6/28/2024

2.4% Due 7/30/2024

0.000 1,800.00 0.00 1,800.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 8/1/2022 10:48:30 PM

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OTHER TRANSACTIONS
Interest 07/31/2022 912828Z52 200,000.00 US Treasury Note

1.375% Due 1/31/2025

0.000 1,375.00 0.00 1,375.00 0.00
Interest 07/31/2022 91282CAB7 250,000.00 US Treasury Note

0.25% Due 7/31/2025

0.000 312.50 0.00 312.50 0.00
Subtotal 1,935,000.00 9,252.82 0.00 9,252.82 0.00
Dividend 07/01/2022 31846V203 74,252.92 First American Govt Obligation Fund Class Y

0.000 100.73 0.00 100.73 0.00
Subtotal 74,252.92 100.73 0.00 100.73 0.00
TOTAL OTHER TRANSACTIONS 2,009,252.92 9,353.55 0.00 9,353.55 0.00 Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 8/1/2022 10:48:30 PM

Page 50 of 574 ends

Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
August 01, 2022
LAIF Home
PMIA Average
Monthly Yields

CITY OF IMPERIAL BEACH

CITY TREASURER
825 IMPERIAL BEACH BLVD
IMPERIAL BEACH, CA 91932
Account Number:

July 2022 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
7/8/2022 7/8/2022 RW 1707395 1667702 LILY FLYTE -300,000.00 7/15/2022 7/15/2022 QRD 1709920 N/A SYSTEM 28,222.74
7/21/2022 7/21/2022 RD 1710592 1670875 JOANN GITMED 2,500,000.00 7/29/2022 7/28/2022 RW 1711042 1671354 JOANN GITMED -500,000.00 Account Summary
Total Deposit: 2,528,222.74 Beginning Balance: 18,683,117.57 Total Withdrawal: -800,000.00 Ending Balance: 20,411,340.31 ATTACHMENT 3

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P a g e | 1
September 21, 2022
ITEM TITLE: SECOND READING AND ADOPTION OF ORDINANCE 2022-1217, AMENDING CHAPTER 3.06.020 OF THE MUNICIPAL CODE, RELATING TO THE UNIFORM PUBLIC CONSTRUCTION COST ACCOUNTING ACT LIMITS (0300-95)
ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY:

Under the California Public Contracting Code (PCC) provisions applicable to the City, all public works projects (i.e. projects to improve infrastructure, buildings, and other capital assets of the City) valued over $5,000 must be competitively bid under a specific formal procedure that compels the City to prepare engineering drawings and specifications, to publish the opportunity to bid on the project, and to award a construction contract to the lowest responsive and responsible bidder.

At the August 2, 2017 council meeting, the City adopted the provisions of the California Uniform Public Construction Cost Accounting Act (CUPCCAA), which allows the City to use the alternative bidding procedures set forth in CUPCCAA. The alternative bidding procedures provided under CUPCCAA are based on various bid limits that are adjusted from time to time by the California legislature.

Ordinance No. 2022-1217 modifies the CUPCCAA informal bidding procedures in Chapter 3.06 of the Imperial Beach Municipal Code to be based on the informal bidding procedure bid limits as determined by the California legislature. The modification will allow the City to use the adjusted CUPCCAA bid limits, even as those limits fluctuate with changes to state law. This will allow the City’s Municipal Code to stay relevant and current without bringing forth new ordinances every time there is a limit change.

RECOMMENDATION:

Conduct the second reading, waive further reading and adopt Ordinance No. 2022-1217.

OPTIONS:
 Conduct the second reading, waive further reading and adopt Ordinance No. 2022-1217.  Approve Staff recommendation with alternative amendments/modifications.  Request additional information and an additional report.

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BACKGROUND/ANALYSIS:

The $5,000 project value limit triggering a formal bidding process for public works construction projects can create inefficiencies and cause delays as the formal bidding process can be both cumbersome and time consuming, especially for small projects. California law provides public agencies relief from the formal bid process on smaller projects if the agency adopts the CUPCCAA by resolution and establishes the specific administrative procedures necessary to be in compliance with the Act by allowing the use of alternative procedures to award projects valued at up to $175,000. However, participating local governments must take steps to ensure accountability to the public, transparent accounting practices, and fair treatment of contractors. If adopted the following bidding procedures may be implemented as an alternative to the regular formal bidding process:
a. Public projects of $45,000 or less may be obtained by negotiated contract or by purchase order;
b. Public projects of $175,000 or less may be awarded by the informal bidding procedures set forth in the CUPCCAA;
c. Public projects of more than $175,000 must be awarded by traditional formal bidding procedures.

At the August 2, 2017 council meeting Resolution No. 2017-7840 was approved to allow the City to use the alternative bidding procedures of the CUPCCAA with the limits as listed above.

However, Public Contract Code was updated by AB 2249, effective January 1, 2019 which raises the ceiling on the value of public works projects that the City can perform with its own forces or contract for with a purchase order up to $60,000; and simplifies the procedures for bidding public works contracts of less than $200,000 in value by using an informal bidding process. Following the Code change, the CUPCCAA was updated at the state level to increase the project values for informal bidding procedures.

In summary, CUPCCAA now provides for alternative bidding procedures when an agency performs public project work by contract at the following project values. a) Public projects of $60,000 or less may be performed by negotiated contract or by purchase order (PCC 22032(a)). This is up from the prior amount of $45,000. b) Public projects of $200,000 or less may be contracted by the informal procedures set forth in the Act (PCC 22032(b)). This is up from the prior amount of $175,000. c) Public projects over $200,000 are subject to the formal bidding process (PCC 22032(c)). This is up from the prior amount of $175,000.

Ordinance 2022-1217 increases the City’s flexibility in awarding public contracts, while maintaining Council control, transparency, accountability and a level playing field for contractors.

This ordinance also updates the Municipal Code to keep the City up to date with the new legislation by basing the City’s CUPCCAA bid limits in the City’s municipal code on the bid limits adopted by the California legislature. The revisions will allow the City to continuously use the CUPCCAA bid procedures, even if the limit fluctuates. This will allow the City’s Municipal Code to stay relevant and current without bringing forth new ordinances every time there is a limit change.

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P a g e | 3
While the proposed ordinance increases the City’s flexibility in awarding public contracts, it should be noted that the City may always choose to follow the standard formal public bidding procedure for any public works project when doing so is deemed to best serve the City or public.

The introduction and first reading of Ordinance No. 2022-1217 was conducted at the regular meeting of the City Council on August 17, 2022.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

There is no direct fiscal impact associated with implementing this program. It is expected that participating in this program will result in future savings due to more efficient processes for hiring contractors on small public works projects.

ATTACHMENTS:

Att. 1 Ordinance No. 2022-1217

Page 54 of 574 ends

Attachment 1
ORDINANCE NO. 2022-1217

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA AMENDING CHAPTER 3.06.020 OF THE MUNICIPAL CODE, RELATING TO THE UNIFORM

PUBLIC CONSTRUCTION COST ACCOUNTING ACT LIMITS
WHEREAS, the $5,000 project value limit triggering a formal bidding process for public works construction projects can create inefficiencies and cause delays as the formal bidding process can be both cumbersome and time consuming, especially for small projects; and WHEREAS, on August 2, 2017, the City adopted the provisions of the California Uniform Public Construction Cost Accounting Act (CUPCCAA), which allows the City to use the alternative bidding procedures set forth in CUPCCAA. The alternative bidding procedures provided under CUPCCAA are based on various bid limits that are adjusted from time to time by the California legislature; and
WHEREAS, effective January 1, 2019, AB 2249 increased the bid limits for using the informal bidding procedures provided by CUPCCAA as set forth in Section 22032 of the California Public Contract Code; and
WHEREAS, the City’s current limits as stated in IBMC 3.06.020 may be increased based on the increased bid limits as set forth in Section 22032 of the Public Contract Code; and WHEREAS, adoption of this ordinance will update the Municipal Code keeping the City up to date with new legislation. The revisions will allow the City to continuously use the CUPCCAA bid procedures and current bid limits as those bid limits are amended by the California legislature.

NOW, THEREFORE, IT IS ORDAINED BY THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH AS FOLLOWS:

SECTION 1: The above recitals are true and correct and incorporated herein as though set forth in full.

SECTION 2: Section 3.06.020 of the Imperial Beach Municipal Code is amended to read as follows (strikeout indicates deleted text):

3.06.020 Informal bid procedures.

Public projects, as defined by the Act and in accordance with the limits listed in Section 22032 of the Public Contract Code, may be let to contract by informal procedures as set forth in Section 22030 et seq., of the Public Contract Code.

A. Public projects of $45,000.00 or less may be performed by the City, by negotiated contract, or by purchase order.

B. Public projects of $175,000.00 or less may be let to contract by the alternative procedures as set forth in the Act and in this chapter.

Page 55 of 574 ends

Ordinance No. 2022-1217

Page 2 of 2 ends

C. Public projects of more than $175,000.00 shall, except as otherwise provided in the Act, be let to contract by formal bidding procedures.

D. If all bids received are in excess of $175,000.00, the City Council may, by adoption of a resolution by a four-fifths vote, award the contract, at $187,500.00 or less, to the lowest responsible bidder, if it determines the cost estimate of the public agency was reasonable.

SECTION 3. The City Clerk is directed to prepare and have published a summary of this ordinance no less than five days prior to the consideration of its adoption and again within fifteen (15) days following adoption indicating votes cast.

EFFECTIVE DATE: This Ordinance shall be effective thirty (30) days after its adoption.

INTRODUCED AND FIRST READ at a regular meeting of the City Council of the City of Imperial Beach, California, on the 17
th day of August 2022;
THEREAFTER ADOPTED at a regular meeting of the City Council of the City of Imperial Beach, California, on the 21st day of September 2022, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

SERGE DEDINA, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK
APPROVED AS TO FORM:

JENNIFER M. LYON

CITY ATTORNEY

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P a g e | 1
September 21, 2022
ITEM TITLE: RESOLUTION 2022-69 CONTINUING THE PROCLAMATION OF A STATE OF

LOCAL EMERGENCY RELATING TO IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER. (0150-40 & 0210-26)
ORIGINATING DEPARTMENT:

Environmental & Natural Resources
EXECUTIVE SUMMARY:

This Resolution continues the City’s proclamation for a state of local emergency related to the cross-border pollution impacts from the Tijuana River including the persistent impacts of treated and untreated wastewater. The Imperial Beach shoreline from the south end of Seacoast Drive to the border was closed for 246 days in 2021, 295 days in 2020, 245 days in 2019, 101 days in 2018, 168 days in 2017, 162 days in 2016, and 211 days in 2015 due to contaminated flows in the Tijuana River. Cross border flows in the Tijuana River continue to persist and impact the Tijuana River valley, Estuary, and beach water quality.

It is necessary to have a local state of emergency in order for the City to respond to unpredictable conditions in the Tijuana River that impact the health, safety, and welfare of Imperial Beach residents, visitors, and environment. Proclamations that set in place a state of local emergency will expire in 60 days unless the City passes a continuing resolution to continue the local state of emergency.

RECOMMENDATION:

OPTIONS:
 Adopt Resolution and recommendation from staff;
 Reject Resolution; or
 Request additional information and an additional report

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BACKGROUND/ANALYSIS:

The health and safety risks from cross border pollution levels in the Tijuana River and lack of action to implement known solutions by Federal and State agencies provides sufficient evidence to declare a state of local emergency within the City.

The City of Imperial Beach is severely impacted by the persistent flow of pollutants in the Tijuana River that impacts the health, safety, and welfare of citizens and wildlife. Pollution in the River is most acute following rain events or illegal discharge events when the watershed transforms into a severely impacted, polluted, and hazardous waterbody with bacterial concentrations so elevated it is often difficult to quantify effectively. The associated impact on the surrounding ecosystem is severe with poor water quality lasting several days to months after each discharge event. The recreational impact on the Imperial Beach shoreline is equally severe with beach closures impacting the beneficial ocean uses for residents and visitors in the City.

Both the City of Imperial Beach and City of San Diego maintain an ongoing state of emergency resolution for the Tijuana River. This resolution allows our agencies the flexibility to respond to unpredictable conditions in the Tijuana River to protect the health, safety, and welfare of residents, visitors, and the environment. The City Council has the authority to issue a local state of emergency that will expire in 60 days or continue in effect until the next regularly scheduled City Council meeting unless renewed by a continuing resolution.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

None
ATTACHMENTS:

1. Resolution 2022-69

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ATTACHMENT 1
RESOLUTION NO. 2022-69

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

CONTINUING THE PROCLAMATION OF A STATE OF LOCAL EMERGENCY RELATING TO

IMPACTS FROM CROSS-BORDER POLLUTION IN THE TIJUANA RIVER WHEREAS, Government Code Section 8630 and Imperial Beach Municipal Code (IBMC) Section 2.52.060 empower the City Manager, acting as the Director of Emergency Services, to request that the City Council proclaim the existence of a local emergency when the City is affected by a public calamity; and
WHEREAS, the City Manager, as Director of Emergency Services of the City of Imperial Beach, does hereby find that continued conditions of extreme peril to safety of persons, property, and environment have arisen within said City, caused by persistent impacts from cross-border pollution in the Tijuana River; and
WHEREAS, the persistent impact of cross-border flows of treated and untreated wastewater in the Tijuana River, excessive discharge of sediment into the Tijuana Estuary during storm events, and the continued impact of trash and waste tires in the Tijuana River Valley maintains a condition of extreme peril in the City; and WHEREAS, transboundary flow events in the Tijuana River impacts water quality along the Imperial Beach shoreline and result in significant beach closure days at Border Field State Park, which include 211 days in 2015; 162 days in 2016; 168 days in 2017, 101 days in 2018; 245 days in 2019; 295 days in 2020, and 246 days in 2021; and WHEREAS, transboundary flows of pollution include untreated sewage, trash, sediment, hazardous chemicals, heavy metals, and toxins continue to impact the Tijuana River, Estuary, coastal waters of the Pacific Ocean, and tributary canyons including Stewart’s Drain, Canon del Sol, Silva Drain, Smuggler’s Gulch, Goat Canyon, and Yogurt Canyon; and WHEREAS, the presence of pollution is creating unsafe conditions for residents and visitors who live, work, or recreate in the Tijuana River Valley and may come in contact with contaminated water; and
WHEREAS, pursuant to Section 8558(c) of the California Government Code, the pollution in the Tijuana River is beyond the control of the services, personnel, equipment and facilities of the City of Imperial Beach; and
WHEREAS, pollutants in the Tijuana River are causing contamination of the Tijuana River Valley, Tijuana Estuary, and the water and beaches of the City of Imperial Beach threatening the health, safety, and welfare of the citizens of Imperial Beach as well as visitors to our beaches; and
WHEREAS, the flow of the contaminants and untreated wastewater continues to escalate due to inadequate wastewater infrastructure in the city of Tijuana and lack of sufficient operation and maintenance of existing infrastructure; and
WHEREAS, this flow is the acknowledged responsibility of the federal governments of the United States and Mexico; and
WHEREAS, this condition constitutes an economic and public health threat which warrants and necessitates the proclamation and existence of a local emergency; and

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Resolution No. 2022-69

Page 2 of 2 ends

WHEREAS, after decades of sewage spills polluting the Tijuana River and after decades of talk and no meaningful action by federal agencies, the City of Imperial Beach, Port of San Diego, and City of Chula Vista filed a lawsuit on March 2, 2018 against the International Boundary and Water Commission for violation of the Clean Water Act; and WHEREAS, the City of San Diego has maintained a continuous local state of emergency for the Tijuana River since September 1993; and
WHEREAS, the County of San Diego issued a Public Health Emergency order for the Tijuana River in February 2021 but stopped short of issuing a local state that is consistent with the other jurisdictions in the watershed.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. The above recitals are true and correct.

2. A local emergency exists throughout the City of Imperial Beach.

3. The City Manager, Mayor, and Council members are authorized to work with local, State, Federal, and Mexican authorities and to explore any and all options to improve conditions in the Tijuana River.

4. The City Manager, Mayor, and Council members encourage the County of San Diego to upgrade their Public Health Emergency to a local state of emergency for the Tijuana River.

5. This proclamation of a local emergency shall expire within the timeframes prescribed by State law unless renewed by the City Council.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 21st day of September 2022, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

SERGE DEDINA, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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P a g e | 1
September 21, 2022
ITEM TITLE: RESOLUTION NO. 2022-71 REVISING AN AGREEMENT BETWEEN THE CITY OF IMPERIAL BEACH AND AZTEC LANDSCAPING, INC. (0940-10) ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY:

Resolution No. 2022-71 amends the current agreement with Aztec Landscaping, Inc. (AZTEC) for landscaping maintenance services within the City of Imperial Beach. The original agreement has a not to exceed amount of $62,627 per year, staff is requesting an increase to the agreement to a not to exceed of $175,000 per year.

This maintenance is funded through the Streets Division and Sewer Division O&M adopted 2-year budget.

This amendment to our current agreement will allow Aztec to maintain the landscaping on Imperial Beach Boulevard as well as provide additional storm drain maintenance.

Aztec Landscaping, Inc. also has a Custodial Services division. This amendment will allow City staff to contract with Aztec for custodial services as needed in city parks and facilities. These services will be funded through the appropriate division O&M adopted 2-year budget.

RECOMMENDATION:

Adopt Resolution No. 2022-71 to increase the not to exceed agreement with Aztec Landscaping to $175,000.

OPTIONS:
 Adopt Resolution 2022-71 to authorize the City Manager or his designee to enter into an amendment to the current Agreement with Aztec Landscaping to increase the limit to a not to exceed amount of $175,000; or
 Request additional information and an additional report BACKGROUND/ANALYSIS:

On November 20, 2019, the City Council of the City of Imperial Beach, adopted Resolution 2019- 8106 approving the Agreement between the City of Imperial Beach and Aztec Landscaping for landscaping maintenance services within the City of Imperial Beach. The Agreement was effective for a 3-year term with 2 one-year optional extensions beginning November 20, 2019. The 3-year

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term expires November 19, 2022, with the 2 one-year extensions expiring November 19, 2023 and November 19, 2024. The current agreement has a cost not to exceed $62,627 per year.

The original contract stated that Aztec will be doing weekly landscape maintenance of Palm Avenue and Old Palm Avenue which includes litter and weed removal. Three times a year Aztec will be cutting back overgrown vegetation and doing fertilization of shrubs and groundcover. On a monthly basis Aztec will also be maintaining 7 storm drain easements within the City.

This amendment to the agreement will allow Aztec to maintain the landscaping on Imperial Beach Boulevard twice a month as well as provide additional storm drain maintenance. The amendment will also include necessary custodial services as needed in City parks and facilities ENVIRONMENTAL DETERMINATION:

This project is categorically exempt in accordance with CEQA article 15301. (h) – Maintenance of existing landscaping, native growth and water supply reservoirs.

FISCAL IMPACT:

FISCAL YEAR: 2022/2023
BUDGETED: Yes
BUDGET AMENDMENT No
ACCOUNT NO(S).: N/A
PROJECT NO(S).: None
FISCAL ANALYSIS:

CURRENT BUDGET: Street: $154,700
Sewer: $ 69,000
Parks: $119,186

ANTICIPATED
EXPENDITURE:

Street: $ 90,050
Sewer: $ 32,000
Parks: $ 22,050
ATTACHMENTS:
1 Resolution No. 2022-71

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ATTACHMENT 1
RESOLUTION NO. 2022-71

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

REVISING AN AGREEMENT BETWEEN THE CITY OF IMPERIAL BEACH AND AZTEC LANDSCAPING, INC.

WHEREAS, on November 20, 2019, City Council, City of Imperial Beach, adopted Resolution 2019-8106 approving the Agreement between the City of Imperial Beach and Aztec Landscaping for landscaping maintenance services within the City of Imperial Beach; and
WHEREAS, the Agreement was effective for a 3-year term with 2 one-year optional extensions beginning November 20, 2019; and
WHEREAS, the current agreement has a cost not to exceed $62,627 per year; and WHEREAS, the original contract stated that Aztec will be doing weekly landscape maintenance of Palm Avenue and Old Palm Avenue which includes litter and weed removal. Three times a year Aztec will be cutting back overgrown vegetation and doing fertilization of shrubs and groundcover. On a monthly basis Aztec will also be maintaining 7 storm drain easements within the City; and
WHEREAS, staff is requesting an increase to the agreement to a not to exceed amount of $175,000 per year; and
WHEREAS, this increase will cover landscape maintenance on Imperial Beach Boulevard as well as provide additional storm drain routine maintenance; and WHEREAS, Aztec Landscaping, Inc. also has a Custodial Services division; and WHEREAS, this amendment will allow City staff to contract with Aztec for custodial services as needed in City parks and facilities.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. The above recitals are true and correct and incorporated herein.

2. The maintenance work shall be performed in the manner and form and in compliance with the requirements as set forth in the specifications for the project.

3. The City Manager is authorized to sign an agreement and purchase order with Aztec Landscaping, Inc.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 21st day of September 2022, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

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Resolution No. 2022-71

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SERGE DEDINA, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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September 21, 2022
ITEM TITLE: RESOLUTION 2022-75 TO ACCEPT AND APPROPRIATE $812,262 IN CLEAN CALIFORNIA LOCAL GRANT FUNDS FOR THE 10TH STREETSCAPE ENHANCEMENTS PROJECT (S22107) PER GRANT APPLICATION AMENDMENT A2. (0390-86 & 0720-25) ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY: The City has successfully been awarded a Clean California Local Grant to support both the design and construction phase of the 10th Streetscape Enhancements Project.

The Project will provide a missing accessible sidewalk connection between Donax Avenue and Palm Avenue including pedestrian safety features like curb extensions and enhanced pedestrian crossings. The improvements also include various corridor beautifying elements such as:
landscape, trees, pedestrian lights, benches, seat walls and enhanced decorative concrete public art.

The trees will significantly increase the tree canopy within this under-served community and reduce the urban "heat island" effect. The improvements should also reduce illegal parking and dumping along the corridor.

Resolution 2022-53 which was approved at the August 3, 2022 Council meeting accepted a total of $863,580 in Clean California Local Grant funding for both the design phase and the construction phase of the Project. This included and additional amount of $219,436 in local matching funds.

Resolution 2022-75 is to amend the local grant application with Clean California to correct the grant and matching funds. The funding with Amendment A2 with the Clean California Local Grant is now $812,262 with the Local Matching Funds of $270,754.

RECOMMENDATION:

Adopt Resolution 2022-75 to accept and appropriate $812,262 in Clean California Local Grant funds.

OPTIONS:
 Adopt Resolution 2022-75 to accept and appropriate $812,262 in Clean California Local Grant funds for the 10th Streetscape Enhancements Project; or  Request additional information and an additional report

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BACKGROUND/ANALYSIS:

The City has been awarded a grant to rehabilitate 10th Street. In 2013, the 700 block of 10th Street was determined by the City Council to need a master plan for street improvements. A design firm presented 3 alternatives for the project and after public comment decided on the proposed Concept Plan ‘A’ shown on Attachment 2. During the master planning effort, the City as well as consultants identified community needs for the corridor by public outreach and discussions with residents.

The project has completed the conceptual and 30% preliminary engineering plans and the master plan of the project has been partially constructed by private owners redeveloping their parcels leaving missing gaps that need to be constructed by the City of Imperial Beach as part of this project.

Council approved Resolution 2022-53 on August 3, 2022 to accept the Clean California Local Grant funding of $863,580 with the local match of $219,436 however during the processing of the Restricted Grant Agreement with the State a calculation error was discovered. Resolution 2022- 75 is correcting the grant and match funds.

ENVIRONMENTAL DETERMINATION:

This project may be categorically exempt pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15301 (Existing Facilities) and Section 15304 (Minor Alterations to Land).

FISCAL IMPACT:

FISCAL YEAR: 2022/2023
2023/2024
BUDGETED: No
BUDGET AMENDMENT Yes
ACCOUNT NO(S).: TransNet (202-5016-531.2006)
Misc Grants (214-0000-334.4001)
Misc Grants (214-5014-531.2006)
PROJECT NO(S).: S22107
FISCAL ANALYSIS: Clean California Grant $ 812,262
Local Matching Funds $ 270,754
Total Project Cost $ 1,083,016
CURRENT BUDGET:

ANTICIPATED
EXPENDITURE:
$1,083,016
ATTACHMENTS:

ATT 1 Resolution 2022-75

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ATTACHMENT 1
RESOLUTION NO. 2022-75

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA, TO ACCEPT AND APPROPRIATE $812,262 IN CLEAN CALIFORNIA LOCAL GRANT FUNDS FOR THE 10TH STREETSCAPE ENHANCEMENTS PROJECT (S22107) PER GRANT APPLICATION AMENDMENT A2
WHEREAS, in 2013 the 700 block of 10th Street was determined by the City Council to need a master plan for street improvements; and
WHEREAS, during the master planning effort, the City as well as consultants identified community needs for the corridor by public outreach and discussions with residents; and WHEREAS, the City has successfully been awarded a Clean California Local Grant to support both the design and the construction phase of the 10th Streetscape Enhancements Project. The project will provide a missing accessible sidewalk connection between Donax Avenue and Palm Avenue including pedestrian safety features like curb extensions and enhanced pedestrian crossings; and
WHEREAS, the City has identified funding through the State of California Clean California Local Grant Program; and
WHEREAS, Council approved Resolution 2022-53 on August 3, 2022 to accept the Clean California Local Grant funding of $863,580 with the local match of $219,436; and WHEREAS, during the processing of the Restricted Grant Agreement with the State a calculation error was discovered; and
WHEREAS,. the funding with amendment A2 with the Clean California Local Grant is now $812,262 with the Local Matching Funds of $270,754; and WHEREAS, a Restricted Grant Agreement is needed to be executed with the California Department of Transportation before such funds can be claimed through the Clean California Local Grant Program; and
WHEREAS, the 10th Streetscape Enhancements Project is programmed in the 2023 Regional Transportation Improvement Program; and
WHEREAS, the City will provide $270,754 from TransNet funds as their required local match.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. The above recitals are true and correct and incorporated herein.

2. The City Manager or designee is hereby authorized and directed to sign and file, for and on behalf of the City, a Restricted Grant Agreements (RGA) and any amendments thereto with the California Department of Transportation regarding the Clean California Local Grant.

3. The Finance Director is authorized to amend the budget revenue for the 10th Streetscape Enhancements Project S22107 in account number 214-0000-334.4001 in the amount of $812,262.

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Resolution No. 2022-75

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4. The Finance Director is authorized to amend the budget and increase expenditures for the Clean California Local Grant Funds in the 10th Streetscape Enhancements Project S22107 in account number 214-5014-531.2006 in the amount of $812,262.

5. The Finance Director is authorized to amend the budget in account number 202-5016- 531.2006 for the City’s Local Match in the amount of $270,754.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 21st day of September 2022, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

SERGE DEDINA, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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September 21, 2022
ITEM TITLE: RESOLUTION NO. 2022-68 AND SA-22-83 APPROVING AND ADOPTING THE

AMENDMENTS TO CITY OF IMPERIAL BEACH INVESTMENT POLICY AND DELEGATING THE CITY TREASURER THE AUTHORITY TO INVEST AND REINVEST. (0350-95 & 0418-95) ORIGINATING DEPARTMENT:

Finance
EXECUTIVE SUMMARY:

The California State Treasurer recommends that Local Agency Investment Guidelines be reviewed and amended annually for compliance will all governing laws and regulations. Staff is seeking approval and adoption of Resolution No. 2022-68 by the City Council and SA-22-83 by the Successor Agency authorizing the amendments to the City of Imperial Beach Investment Policy. Additionally, pursuant to California Government Code Section 53607, Staff is seeking approval to delegate to the City Treasurer the authority to invest and reinvest the City’s financial assets.

RECOMMENDATION:

OPTIONS:
 Adopt Resolution No. 2022-68 and SA-22-83 as recommended  Provide staff with direction for alternative action
BACKGROUND/ANALYSIS:

The Investment Policy (Policy) and Government Code 53646(a)(2) sets forth that the Policy shall be subject to review by the City Council/Board on an annual basis. Any recommended modifications or amendments shall be presented by Staff to the City Council/Board, at a public meeting, for their consideration and adoption.

The Policy was last reviewed by City Council in August 2020. At that time several modifications were made to bring the Policy into compliance with current industry practices as well as with Government Code 53600, et seq, which governs the investments of local agencies. Additionally, modifications were made pursuant to the California Municipal Treasurers Association’s (CMTA) recommendations in order for the policy to receive certification by CMTA. Those modifications

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served to strengthen and clarify the City’s Investment Policy. Subsequent to the adoption of the proposed policy, Staff intends to once again submit the Investment Policy to CMTA for recertification.

Working with Chandler Asset Management, the City’s portfolio manager, staff is proposing the following changes to the Investment Policy:
 Replace “Assistant City Manager” with “Chief Administrative Officer” throughout the document to align the positions with current City structure.  Section VII – Delivery, Safekeeping and Custody, and Competitive Transactions – Clarified Local Governments Investment Pools, time certificates of deposit, mutual funds, and money market mutual funds are exempt from the Delivery vs Payment (DVP) requirement because the securities are not deliverable.  Section X – Portfolio Risk Management - Added language from SB 998 that permits the purchase of zero- or negative-accrual securities, provided that they are issued or backed by the US Government. The law became effective 1/1/21 and is scheduled to sunset on 1/1/26.

Attachment 3 reflects the changes in a strike-through version of the policy. Attachment 4 is the final version.

Additionally, the City Council may elect to delegate its authority to invest and reinvest City funds to the City Treasurer for up to one year pursuant to California Government Code Section 53607.

Staff recommends that the City Council delegate its authority to invest and reinvest public funds, and to sell or exchange securities so purchased, to the City Treasurer for one year or until earlier revoked by the City Council.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT: N/A
ATTACHMENTS:

ATT 1 – Resolution 2022-68 Amending and Adopting the Investment Policy ATT 2 – Resolution SA-22-83 Amending and Adopting the Investment Policy ATT 3 – Investment Policy Effective September 21, 2022 – STRIKE-THROUGH ATT 4 – Investment Policy Effective September 21, 2022

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ATTACHMENT 1
RESOLUTION NO. 2022-68

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA,

APPROVING AND ADOPTING THE CITY OF IMPERIAL BEACH INVESTMENT POLICY AND

DELEGATING TO THE CITY TREASURER THE AUTHORITY TO INVEST AND REINVEST THE CITY’S FINANCIAL ASSETS
WHEREAS, a comprehensive investment policy provides a level of accountability for investment officials and promotes greater public trust in the investment process; and WHEREAS, the policy for the investment of all City financial assets seeks to satisfy the primary objective of safety of principal, with the subsequent goals of liquidity and yield; and WHEREAS, an investment policy provides a municipality with direction for how investments shall be placed within the specific securities as outlined by type and maturity sector in the policy; and
WHEREAS, the authority governing investments for municipal governments is set forth in the California Government Code, Sections 53600 et seq.; and WHEREAS, annual investment policy review is a recommended best practice by the Government Finance Officers Association and the Association of Public Treasurers; and WHEREAS, California Government Code Sections 53646(a)(2) states that the Treasurer of any local agency may annually render to the legislative body an investment policy or any changes to the investment policy at a public meeting; and WHEREAS, the California State Treasurer publishes Local Agency Investment Guidelines intended to aid local agencies in implementing laws pertaining to the investment of public funds; and
WHEREAS, at the Council meeting of August 5, 2020, the City Council adopted Resolution 2020-86 approving and adopting amendments to the City’s Investment Policy.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Imperial Beach as follows:

1. That the attached “Exhibit A” Investment Policy for Fiscal Year 2022-2023 is hereby reviewed, considered, approved and adopted.

2. Delegate its authority to invest and reinvest City funds to the Finance Director and Assistant City Manager (Chief Administrative Officer) acting in the capacity of the City Treasurer for up to one year pursuant to California Government Code section 53607.

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Resolution No. 2022-68

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PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 21st day of September 2022, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

SERGE DEDINA, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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ATTACHMENT 2
RESOLUTION NO. SA-22-83

A RESOLUTION OF THE IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR

AGENCY APPROVING AND ADOPTING THE CITY OF IMPERIAL BEACH INVESTMENT

POLICY AND DELEGATING TO THE TREASURER OF THE IMPERIAL BEACH

REDEVELOPMENT AGENCY SUCCESSOR AGENCY THE AUTHORITY TO INVEST AND REINVEST THE AGENCY’S FINANCIAL ASSETS
WHEREAS, a comprehensive investment policy provides a level of accountability for investment officials and promotes greater public trust in the investment process; and WHEREAS, the policy for the investment of all Imperial Beach Redevelopment Agency Successor Agency (Successor Agency) financial assets seeks to satisfy the primary objective of safety of principal, with the subsequent goals of liquidity and yield; and WHEREAS, an investment policy provides the Successor Agency with direction for how investments shall be placed within the specific securities as outlined by type and maturity sector in the policy; and
WHEREAS, the authority governing investments for government agencies is set forth in the California Government Code, Sections 53600 et seq.; and WHEREAS, annual investment policy review is a recommended best practice by the Government Finance Officers Association and the Association of Public Treasurers; and WHEREAS, California Government Code Sections 53646(a)(2) states that the Treasurer of any local agency may annually render to the legislative body an investment policy or any changes to the investment policy at a public meeting; and WHEREAS, the California State Treasurer publishes Local Agency Investment Guidelines intended to aid local agencies in implementing laws pertaining to the investment of public funds; and
WHEREAS, at the Successor Agency meeting of August 5, 2020, the Board of Directors adopted Resolution SA 19-68 approving and adopting amendments to the Successor Agency’s Investment Policy.

NOW, THEREFORE, BE IT RESOLVED by the Imperial Beach Redevelopment Agency Successor Agency as follows:

1. That the attached “Exhibit A” Investment Policy for Fiscal Year 2022-23 is hereby reviewed, considered, approved, and adopted.

2. Delegation of authority to invest and reinvest Agency funds to the Deputy Director acting as the Treasurer of the Agency for up to one year pursuant to California Government Code section 53607

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Resolution No. SA-22-83

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PASSED, APPROVED, AND ADOPTED by the Imperial Beach Redevelopment Agency Successor Agency at its meeting held on the 21st day of September 2022, by the following vote:

AYES: BOARDMEMBERS:

NOES: BOARDMEMBERS:

ABSENT: BOARDMEMBERS:

SERGE DEDINA, CHAIR
ATTEST:

JACQUELINE M. KELLY, MMC

SECRETARY

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ATTACHMENT 3
RES 2022-68 EXHIBIT A
RES SA-22-83 EXHIBIT A
City of Imperial Beach
Investment Policy
Fiscal Year 20202022/20212023

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Amended and Adopted by Resolution No. 2020-862022-68 & SA-20-7622-83

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CITY OF IMPERIAL BEACH, CALIFORNIA

INVESTMENT POLICY
Fiscal Year 20202022/20212023
I. INTRODUCTION
This Investment Policy is intended to identify various policies and procedures that will foster a prudent and systematic investment program designed to seek the City of Imperial Beach’s objectives of safety, liquidity and yield through a diversified investment portfolio. This policy also serves to organize and formalize the City’s investment-related activities, while complying with all applicable statutes governing the investment of public funds.

This Investment Policy was endorsed and adopted by the City’s governing body and is effective as of August 5, 2020September 21, 2022. This Investment Policy replaces any previous Investment Policy or Investment Procedures of the City.

II. SCOPE
This Investment Policy applies to all the City’s financial assets and investment activities with the following exceptions:
 Proceeds of debt issuance shall be invested in accordance with the City’s general investment philosophy as set forth in this policy; however, such proceeds are invested in accordance with permitted investment provisions of their specific bond indentures.

Pooling of Funds: Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.

Specific Investment Accounts: From time to time, the City Council may authorize an investment in other specific investments, or the management of bond proceeds issued by the City of Imperial Beach. This may include deposits that are set aside for future needs of a long-term nature and may be invested in longer-term securities as allowed by the Government Code.

Inter-fund transfers are not covered by this policy.

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III. PRUDENCE
Pursuant to California Government Code, Section 53600.3, all persons authorized to make investment decisions on behalf of the City are trustees and therefore fiduciaries subject to the Prudent Investor Standard:
“…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Agency, that a prudent person acting in a like capacity and familiar with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.” The Finance Director, Assistant City ManagerChief Administrative Officer and other authorized persons responsible for managing City funds acting in accordance with written procedures and this investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security’s credit risk or market price changes provided that the Finance Director, Assistant City ManagerChief Administrative Officer or other authorized persons acted in good faith. Deviations from expectations of a security’s credit or market risk should be reported to the governing body in a timely fashion and appropriate action should be taken to control adverse developments.

IV. OBJECTIVES
The authority governing investments for municipal governments is set forth in Government Code sections 53600 et seq. The overriding objectives of the investment program are to preserve principal, provide sufficient liquidity, and manage investment risks.

1. Safety: Safety of principal is the foremost objective of the investment program. Investments will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk and interest rate risk.

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2. Liquidity: The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated.

3. Yield: The investment portfolio will be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints for safety and liquidity needs.

V. ETHICS AND CONFLICTS OF INTEREST
All participants in the investment process shall act as fiduciaries of the public trust. As the employees assigned to implement the investment strategy, the Finance Director and Assistant City ManagerChief Administrative Officer, as identified by Resolution of the City Council, shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. The Finance Director and Assistant City ManagerChief Administrative Officer shall disclose any material financial interests in financial institutions that conduct business with the City, and they shall further disclose any personal financial/investment positions that could be affected by the performance of the City’s operations and functions or by the management of the City’s investment program.

Ethics and Conflicts of Interest: Officers and employees involved in the investment process shall refrain from personal business activity that conflicts with proper execution of the investment program or impair their ability to make impartial investment decisions. Additionally, the Finance Director, Assistant City ManagerChief Administrative Officer and other members of the management Investment Advisory Committee, as identified herein, are required to annually file applicable financial disclosures as required by the Fair Political Practices Commission (FPPC).

DELEGATION OF AUTHORITY
A. Authority to manage the City’s investment program is derived from California Government Code Sections 53600 et seq. The governing body is responsible for the City’s cash management, including the administration of this Investment Policy. Management responsibility for the cash management of City funds is hereby delegated to the Finance Director and Assistant City ManagerChief Administrative Officer.

The Finance Director and Assistant City ManagerChief Administrative Officer will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees.

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B. The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s objectives. Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940.

An Investment Committee consisting of the City Manager/Executive Director, Finance Director and Assistant City ManagerChief Administrative Officer shall be established to provide general oversight and direction concerning the policy related to management of the City's investment portfolio. Assigned Finance Department staff members may serve in a staff and advisory capacity, although are not members of the Committee.

VI. AUTHORIZED FINANCIAL INSTITUTIONS, DEPOSITORIES, AND BROKER/DEALERS A list will be maintained of financial institutions and depositories authorized to provide investment services. In addition, a list will be maintained of approved security broker/dealers selected by conducting a process of due diligence described in the investment procedures manual. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule).

A. The Finance Director or Assistant City ManagerChief Administrative Officer will determine which financial institutions are authorized to provide investment services to the City. Institutions eligible to transact investment business with the City include:

1. Institutions licensed by the state as a broker-dealer.

2. Institutions that are members of a federally regulated securities exchange.

3. Primary government dealers as designated by the Federal Reserve Bank and non-primary government dealers;

4. Nationally or state-chartered banks;

5. The Federal Reserve Bank; and,

6. Direct issuers of securities eligible for purchase.

B. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City will be at the sole discretion of the City.

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C. All financial institutions which desire to become qualified bidders for investment transactions (and which are not dealing only with the investment adviser) must supply the Finance Director or Assistant City ManagerChief Administrative Officer with a statement certifying that the institution has reviewed the California Government Code Section 53600 et seq. and the City’s Investment Policy. The Finance Director or Assistant City ManagerChief Administrative Officer will conduct an annual review of the financial condition and registrations of such qualified bidders.

D. Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the investment adviser.

E. Public deposits will be made only in qualified public depositories as established by State law. Deposits will be insured by the Federal Deposit Insurance Corporation, or, to the extent the amount exceeds the insured maximum, will be collateralized in accordance with State law.

F. Collateralization:

1. Certificates of Deposit: The City shall require any commercial bank or savings and loan association to deposit eligible securities with an agency of a depository approved by the State Banking Department to secure any uninsured portion of a non-negotiable Certificate of Deposit.

The value of eligible securities as defined pursuant to Government Code Section 53651, pledged against a Certificate of Deposit shall be equal to 150% of the face value of the CD if the securities are classified as mortgages and 110% of the face value of the CD for all other classes of security.

2. Repurchase Agreements: The City requires that repurchase agreements be collateralized only by securities authorized by Government Code:
 The securities which collateralize the repurchase agreement shall be priced at Market Value, including any Accrued Interest plus a margin.

The Market Value of the securities that underlie a repurchase agreement shall be valued at 102% or greater of the funds borrowed against those securities.
 Financial Institutions shall mark the value of the collateral to market at least monthly and increase or decrease the collateral to satisfy the ratio requirement described above.
 The City shall receive monthly statements of collateral.

VII. DELIVERY, SAFEKEEPING AND CUSTODY, AND COMPETITIVE TRANSACTIONS

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A. Delivery-versus-payment: Settlement of all investment transactions will be completed using standard delivery-vs.-payment procedures.

B. Third-party safekeeping: To protect against potential losses by collapse of individual securities dealers, and to enhance access to securities, interest payments and maturity proceeds, all securities owned by the City will be held in safekeeping by a third-party bank custodian, acting as agent for the City under the terms of a custody agreement executed by the bank and the City. All investment transactions will require a safekeeping receipt or acknowledgement generated from the trade. A monthly report will be received by the City from the custodian listing all securities held in safekeeping with current market data and other relevant information.

B. The only exceptions to the foregoing shall be depository accounts and securities purchases made with: (i) local government investment pools; (ii) time certificates of deposit, and (iii) mutual funds and money market mutual funds, since these securities are not deliverable.

C. Competitive transactions: All investment transactions will be conducted on a competitive basis which can be executed through a bidding process involving at least three separate brokers/financial institutions or through use of a nationally recognized trading platform where possible.

The only exceptions to the foregoing shall be depository accounts and securities purchases made with LAIF, LGIPs, time deposits, mutual funds, and money market mutual funds, since these securities are not deliverable.

VIII. AUTHORIZED AND SUITABLE INVESTMENTS
The City’s investments are governed by Government Code, Sections 53600 et seq. Within the investments permitted by the Government Code, the City seeks to further restrict eligible investments to the guidelines listed below.

In the event an apparent discrepancy is found between this Policy and the Government Code, the more restrictive parameters will take precedence.

Percentage holding limits and credit rating minimums listed in this section apply at the time the security is purchased.

Any investment currently held at the time the Policy is adopted which does not meet the new Policy guidelines can be held until maturity and shall be exempt from the current Policy. At the time of the investment’s maturity or liquidation such funds shall be reinvested only as provided in the most current Policy.

Formatted: List Paragraph, No bullets or numbering,
Hyphenate, Tab stops: Not at -0.5" + 0" + 0.75" + 1.75" Formatted: Indent: Left: 0.75", No bullets or numbering, Tab stops: Not at 0.75"

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1. U.S. Treasury and other government obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest. There are no limits on the dollar amount or percentage that the City may invest in U.S. Treasuries.
 The maximum maturity is five years.

2. Federal Agency or United States government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in government-sponsored enterprises.

 The maximum maturity is five years;
 No more than 20% of the total portfolio may be invested in callable federal agency securities.

3. Municipal Securities. These include obligations of the City, the State of California, any local agency within the state of California, and registered notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, and, provided that:
 Long-term obligations are rated in the “A” category or higher by at least one nationally recognized statistical rating organization (NRSRO);
 The maximum maturity is five years;
 No more than 5% of the total portfolio may be invested in any single municipal securities issuer;
 No more than 30% of the portfolio may be invested in Municipal Securities.

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 Are rated in the “A” category or better by at least one NRSRO;  No more than 30% of the total portfolio may be invested in corporate medium-term notes; and,
 No more than 5% of the total portfolio may be invested in any single issuer of corporate medium-term notes.

5. Mortgage Pass-Through Securities, Collateralized Mortgage Obligations, and Asset-Backed Securities from issuers not defined in sections 1 and 2 of the Authorized and Suitable Investments Section of this policy, provided that:
 Such securities have a maximum stated final maturity of five years;  Are rated in the category of “AA” or its equivalent or better by a NRSRO;
 Purchase of securities authorized by this subdivision may not exceed 20% of the portfolio; and,
 No more than 5% of the total portfolio is invested in any single issuer of Asset-Backed or Commercial Mortgage Securities.

6. Federally Insured Time Deposits (Non-Negotiable Certificates of Deposit) in state or federally chartered banks, savings and loans, or credit unions, provided that:
 The amount per institution is limited to the maximum covered under federal insurance;
 No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits;
 The maturity of such deposits does not exceed 5 years; and,  No more than 5% of the total portfolio may be invested in any single issuer of federally insured time deposits.

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 No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits;
 The maturity of such deposits does not exceed 5 years; and,  No more than 5% of the total portfolio may be invested in any single issuer of time deposits.

8. Certificate of Deposit Placement Service (CDARS) provided that:
 No more than 30% of the total portfolio may be invested in a combination of certificates of deposit including CDARS; and,  The maturity of CDARS deposits does not exceed five years.

9. Negotiable Certificates of Deposit (NCDs) provided that:
 They are issued by institutions which have long-term obligations which are rated in the “A” category or higher by at least one nationally recognized statistical rating organization; or have short term debt obligations rated “A-1” or higher, or the equivalent, by at least one NRSRO;
 The maturity does not exceed five years;
 No more than 30% of the total portfolio may be invested in NCDs; and,
 No more than 5% of the total portfolio may be invested in any single issuer of NCDs.

10. Banker’s Acceptances provided that:
 They are issued by institutions with short term debt obligations rated “A-1” or higher, or the equivalent, by at least one NRSRO; and have long-term debt obligations which are rated in the “A” category or higher by at least one NRSRO;
 The maturity does not exceed 180 days;
 No more than 40% of the total portfolio may be invested in banker’s acceptances; and,
 No more than 5% of the total portfolio may be invested in any single issuer of banker’s acceptances.

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11. Commercial Paper provided that the securities are issued by an entity that meets all of the following conditions in either paragraph a or b and other requirements specified below:
a. SECURITIES issued by corporations:
(i) A corporation organized and operating in the United States with assets more than $500 million.
(ii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO.
(iii) If the issuer has other debt obligations, they must be rated in a rating category of “A” or its equivalent or better by at least one NRSRO.
b. SECURITIES issued by other entities:
(i) The issuer is organized within the United States as a special purpose corporation, trust, or limited liability company. (ii) The securities must have program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond.
(iii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO.
 No more than 10% of the outstanding commercial paper of any single issuer.
 No more than 25% of the total portfolio is invested in commercial paper.
 No more than 5% of the total portfolio is invested in any single commercial paper issuer.
 The maturity does not exceed 270 days from the date of purchase.

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 The repurchase agreements are the subject of a master repurchase agreement between the City and the provider of the repurchase agreement. The master repurchase agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA).


13. State of California Local City Investment Fund (LAIF), provided that:
 The City may invest up to the maximum permitted amount in LAIF; and,
 LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the Finance Director or Assistant City ManagerChief Administrative Officer to adequately judge the risk inherent in LAIF’s portfolio.

14. Local Government Investment Pools
 No more than 10% per issuer limitation for Local Government Investment Pools other than LAIF.

15. Mutual Funds and Money Market Mutual Funds that are registered with the Securities and Exchange Commission under the Investment Company Act of 1940, provided that:
 Mutual Funds that invest in the securities and obligations as authorized under California Government Code Section 53601 (a) to (k) and (m) to (q) inclusive and that meet either of the following criteria:

1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs; or,

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 Money Market Mutual Funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria:

1. Have attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs.

2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience managing money market mutual funds with assets under management in excess of $500 million.

No more than 20% per fund of the total portfolio may be invested in the shares of any one money market mutual fund.
 No more than 20% of the total portfolio may be invested in these securities.

16. Supranational Securities, provided that:
a. Issues are US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank.
b. The securities are rated in a rating category of “AA” or its equivalent or better by a NRSRO.
c. No more than 30% of the total portfolio may be invested in these securities.
d. No more than 10% of the portfolio may be invested in a single Supranational issuer.
e. The maximum maturity does not exceed five years.

Any State of California legislative action that further restricts allowable maturities, investment type or percentage allocations, shall be incorporated into this Investment Policy and supersede any and all previous applicable provisions inconsistent with such legislative action.

IX. MAXIMUM MATURITIES
To the extent possible, investments shall be matched with anticipated cash flow requirements and known future liabilities. No investment will be made in any security with a remaining maturity in excess of five years from the date of trade Formatted: Justified, Indent: Left: 0.5"

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settlement, unless the City Council has by resolution granted express authority to make such an investment.

X. PORTFOLIO RISK MANAGEMENT
A. Prohibited Investment Vehicles and Practices

1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options.

2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited.

3. Investment in any security that could result in a zero-interest accrual if held to maturity is prohibited. However, under a provision sunsetting on January 1, 2026, securities backed by the U.S. Government that could result in a zero- or negative interest accrual if held to maturity are permitted.

4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited.

5. Purchasing or selling securities on margin is prohibited.

6. The use of reverse repurchases agreements, securities lending or any other form of borrowing or leverage is prohibited.

7. The purchase of foreign currency denominated securities is prohibited.

B. Mitigating Credit Risk in the Portfolio
Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies:

1. The diversification requirements included in Section VIII are designed to mitigate credit risk in the portfolio;

2. No more than 5% of the total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and enterprises, supranationals, money market funds, local government investment pools or unless otherwise specified in this investment policy;

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3. The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to improve the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences; and,

4. If securities owned by the City are downgraded to a level below the quality required by this Investment Policy, making the security ineligible for additional purchases, the following steps will be taken:
a. Any actions taken related to the downgrade by the investment manager will be communicated to the Finance Director or Assistant City ManagerChief Administrative Officer in a timely manner.

b. If a decision is made to retain a downgraded security in the portfolio, the credit situation will be monitored and reported monthly to the governing board.

C. Mitigating Market Risk in the Portfolio
Market risk is the risk that the portfolio value will fluctuate due to changes in the general level of interest rates. The City recognizes that, over time, longer-term portfolios have the potential to achieve higher returns. On the other hand, longer-term portfolios have higher volatility of return. The City will mitigate market risk by providing adequate liquidity for short-term cash needs, and by making longer-term investments only with funds that are not needed for current cashflow purposes.

The City further recognizes that certain types of securities, including variable rate securities, securities with principal paydowns prior to maturity, and securities with embedded options, will affect the market risk profile of the portfolio differently in different interest rate environments. The City, therefore, adopts the following strategies to control and mitigate its exposure to market risk:

1. The City will maintain a minimum of six months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements;

2. The stated final maturity of individual securities in the portfolio will be five years, except as otherwise stated in this policy;

3. The maximum weighted average stated final maturity of the total portfolio shall not exceed three years; and,

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constraints and risk tolerances. The City’s current Benchmark will be documented by the City.

XI. FOSSIL FUELS RESTRICTION
The purchase of securities issued by fossil fuel companies that directly source the majority of their revenue from oil, gas and/or coal production is prohibited.

XII. INVESTMENT POOLS/MUTUAL FUNDS
The City shall conduct a thorough investigation of any pool or mutual fund prior to making an investment, and on a continual basis thereafter. The Finance Director or Assistant City ManagerChief Administrative Officer shall develop a questionnaire which will answer the following general questions:
 A description of eligible investment securities, and a written statement of investment policy and objectives.
 A description of interest calculations and how it is distributed, and how gains and losses are treated.
 A description of how the securities are safeguarded (including the settlement processes), and how often the securities are priced and the program audited.
 A description of who may invest in the program, how often, what size deposit and withdrawal are allowed.
 A schedule for receiving statements and portfolio listings.  Are reserves, retained earnings, etc. utilized by the pool/fund?  A fee schedule, and when and how is it assessed.
 Is the pool/fund eligible for bond proceeds and/or will it accept such proceeds?
XIII. INVESTMENT OBJECTIVES (PERFORMANCE STANDARDS AND EVALUATION) A. Overall Objective: The investment portfolio will be designed with the overall objective of obtaining a total rate of return throughout economic cycles, commensurate with investment risk constraints and cash flow needs.

B. Specific Objective: The investment performance objective for the portfolio will be to earn a total rate of return over a market cycle which is approximately equal to the return on the Market Benchmark Index selected by the City.

XIV. PROCEDURES AND INTERNAL CONTROLS
A. Procedures

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The Finance Director or Assistant City ManagerChief Administrative Officer will establish investment policy procedures to assist investment staff with day-to-day operations of the investment program consistent with this policy.

Such procedures will include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer.

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B. Internal Controls
The Finance Director or Assistant City ManagerChief Administrative Officer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. The internal control structure will be designed to provide reasonable assurance that these objectives are met. Internal controls will be described in the City’s investment procedures manual.

XV. REPORTING, DISCLOSURE AND PROGRAM EVALUATION
A. Monthly Reports
Monthly investment reports will be submitted by the Finance Director or Assistant City ManagerChief Administrative Officer to the governing board. These reports will disclose, at a minimum, the following information about the risk characteristics of the City’s portfolio:

1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate;

2. Monthly transactions for the period;

3. A one-page summary report that shows:
a. Average maturity of the portfolio and modified duration of the portfolio;
b. Maturity distribution of the portfolio;
c. Average portfolio credit quality; and,
d. Time-weighted total rate of return for the portfolio for the prior one month, three months, twelve months, year to date, and since inception compared to the Benchmark Index returns for the same periods.

4. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for their presence in the portfolio and a timetable for resolution; and,

5. A statement that the City has adequate funds to meet its cash flow requirements for the next six months.

B. Annual Reports

1. The investment policy will be reviewed and updated at least annually at the beginning of the calendar year to ensure its consistency with

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the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends.

2. A comprehensive annual report will be presented in conjunction with the investment policy review. This report will include comparisons of the City’s return to the Benchmark Index return, suggest policies and improvements that might enhance the investment program, and will include an investment plan for the coming year.

C. Periodic Audit
The City Treasurer may establish a process of periodic independent review by an external expert to assure compliance with internal controls.

XIII. REVIEW OF INVESTMENT POLICY
This policy shall be subject to review by the City Council/Board on an annual basis. Any recommended modifications or amendments shall be presented by Staff to the City Council/Board for their consideration and adoption.

Prepared by:

Joann Gitmed
Finance Director

Approved as to content:
___________________________________
Andy HallErika Cortez
Chief Administrative Officer
City Manager

Date:

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Appendix II

GLOSSARY OF INVESTMENT TERMS
Agencies. Shorthand market terminology for any obligation issued by a government-sponsored entity (GSE), or a federally related institution. Most obligations of GSEs are not guaranteed by the full faith and credit of the US government. Examples are:

FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the agricultural industry. FFCB issues discount notes and bonds.

FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market. FHLB issues discount notes and bonds.

FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and liquidity in the housing market. FHLMC, also called “Freddie Mac” issues discount notes, bonds and mortgage pass-through securities.

FNMA. Like FHLB and Freddie Mac, the Federal National Mortgage Association was established to provide credit and liquidity in the housing market. FNMA, also known as “Fannie Mae,” issues discount notes, bonds and mortgage pass-through securities.

GNMA. The Government National Mortgage Association, known as “Ginnie Mae,” issues mortgage pass-through securities, which are guaranteed by the full faith and credit of the US Government.

PEFCO. The Private Export Funding Corporation assists exporters.

Obligations of PEFCO are not guaranteed by the full faith and credit of the US government.

TVA. The Tennessee Valley Authority provides flood control and power and promotes development in portions of the Tennessee, Ohio, and Mississippi River valleys. TVA currently issues discount notes and bonds.

Asked. The price at which a seller offers to sell a security.

Asset Backed Securities. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit.

Average Life. In mortgage-related investments, including CMOs, the average time to expected receipt of principal payments, weighted by the amount of principal expected.

Banker’s Acceptance. A money market instrument created to facilitate international trade transactions. It is highly liquid and safe because the risk of the trade transaction is transferred to the bank which “accepts” the obligation to pay the investor.

Benchmark. A comparison security or portfolio. A performance benchmark is a partial market index, which reflects the mix of securities allowed under a specific investment policy.

Bid. The price at which a buyer offers to buy a security.

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Broker. A broker brings buyers and sellers together for a transaction for which the broker receives a commission. A broker does not sell securities from his own position.

Callable. A callable security gives the issuer the option to call it from the investor prior to its maturity. The main cause of a call is a decline in interest rates. If interest rates decline since an issuer issues security, it will likely call its current securities and reissue them at a lower rate of interest. Callable securities have reinvestment risk as the investor may receive its principal back when interest rates are lower than when the investment was initially made.

Certificate of Deposit (CD). A time deposit with a specific maturity evidenced by a certificate. Large denomination CDs may be marketable.

Collateral. Securities or cash pledged by a borrower to secure repayment of a loan or repurchase agreement. Also, securities pledged by a financial institution to secure deposits of public monies.

Collateralized Mortgage Obligations (CMO). Classes of bonds that redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities.

Commercial Paper. The short-term unsecured debt of corporations.

Cost Yield. The annual income from an investment divided by the purchase cost.

Because it does not give effect to premiums and discounts which may have been included in the purchase cost, it is an incomplete measure of return.

Coupon. The rate of return at which interest is paid on a bond.

Credit Risk. The risk that principal and/or interest on an investment will not be paid in a timely manner due to changes in the condition of the issuer.

Current Yield. The annual income from an investment divided by the current market value. Since the mathematical calculation relies on the current market value rather than the investor’s cost, current yield is unrelated to the actual return the investor will earn if the security is held to maturity.

Dealer. A dealer acts as a principal in security transactions, selling securities from and buying securities for his own position.

Debenture. A bond secured only by the general credit of the issuer.

Delivery vs. Payment (DVP). A securities industry procedure whereby payment for a security must be made at the time the security is delivered to the purchaser’s agent.

Derivative. Any security that has principal and/or interest payments which are subject to uncertainty (but not for reasons of default or credit risk) as to timing and/or amount, or any security which represents a component of another security which has been separated from other components (“Stripped” coupons and principal). A derivative is also defined as a financial instrument the value of which is totally or partially derived from the value of another instrument, interest rate, or index.

Discount. The difference between the par value of a bond and the cost of the bond, when the cost is below par. Some short-term securities, such as Tbills and banker’s acceptances, are known as discount securities. They

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sell at a discount from par and return the par value to the investor at maturity without additional interest. Other securities, which have fixed coupons, trade at a discount when the coupon rate is lower than the current market rate for securities of that maturity and/or quality.

Diversification. Dividing investment funds among a variety of investments to avoid excessive exposure to any one source of risk.

Duration. The weighted average time to maturity of a bond where the weights are the present values of the future cash flows. Duration measures the price sensitivity of a bond to changes in interest rates. (See modified duration).

Federal Funds Rate. The rate of interest charged by banks for short-term loans to other banks. The Federal Reserve Bank through open-market operations establishes it.

Federal Open Market Committee: A committee of the Federal Reserve Board that establishes monetary policy and executes it through temporary and permanent changes to the supply of bank reserves.

Local Agency Investment Fund (LAIF): A voluntary investment fund open to government entities and certain non-profit organizations in California that is managed by the State Treasurer’s Office.

Local Government Investment Pool: Investment pools that range from LAIF to county pools, to Joint Powers Authorities (JPAs). These funds are not subject to the same SEC rules applicable to money market mutual funds.

Leverage. Borrowing funds in order to invest in securities that have the potential to pay earnings at a rate higher than the cost of borrowing.

Liquidity: The speed and ease with which an asset can be converted to cash.

Make Whole Call. A type of call provision on a bond that allows the issuer to pay off the remaining debt early. Unlike a call option, with a make whole call provision, the issuer makes a lump sum payment that equals the net present value (NPV) of future coupon payments that will not be paid because of the call. With this type of call, an investor is compensated, or "made whole." Margin: The difference between the market value of a security and the loan a broker makes using that security as collateral.

Market Risk. The risk that the value of securities will fluctuate with changes in overall market conditions or interest rates.

Market Value. The price at which a security can be traded.

Marking to Market. The process of posting current market values for securities in a portfolio.

Maturity. The final date upon which the principal of a security becomes due and payable.

Medium Term Notes. Unsecured, investment-grade senior debt securities of major corporations which are sold in relatively small amounts on either a continuous or an intermittent basis. MTNs are highly flexible debt instruments that can be structured to respond to market opportunities or to investor preferences.

Modified Duration. The percent change in price for a 100-basis point change in yields. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk.

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Money Market. The market in which short-term debt instruments (Tbills, discount notes, commercial paper, and banker’s acceptances) are issued and traded.

Mortgage Pass-Through Securities. A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security.

Municipal Securities. Securities issued by state and local agencies to finance capital and operating expenses.

Mutual Fund. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus.

Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus. For most large, institutional investors, the costs associated with investing in mutual funds are higher than the investor can obtain through an individually managed portfolio.

Nationally Recognized Statistical Rating Organization (NRSRO): Credit rating agencies provide assessments of an investment’s risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. The three most prominent NRSROs are Moody’s, S&P and Fitch.

Negotiable CD: A short-term debt instrument that pays interest and is issued by a bank, savings or federal association, state of federal credit union, or statelicensed branch of a foreign bank.

Premium. The difference between the par value of a bond and the cost of the bond, when the cost is above par.

Prepayment Speed. A measure of how quickly principal is repaid to investors in mortgage securities.

Prepayment Window. The time period over which principal repayments will be received on mortgage securities at a specified prepayment speed.

Primary Dealer. A financial institution (1) that is a trading counterparty with the Federal Reserve in its execution of market operations to carry out U.S. monetary policy, and (2) that participates for statistical reporting purposes in compiling data on activity in the U.S. Government securities market.

Prudent Person (Prudent Investor) Rule. A standard of responsibility which applies to fiduciaries. In California, the rule is stated as “Investments shall be managed with the care, skill, prudence and diligence, under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of like character and with like aims to accomplish similar purposes.”
Realized Yield. The change in value of the portfolio due to interest received and interest earned and realized gains and losses. It does not give effect to changes in market value on securities, which have not been sold from the portfolio.

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Repurchase Agreement (RP, Repo). Short-term purchases of securities with a simultaneous agreement to sell the securities back at a higher price. From the seller’s point of view, the same transaction is a reverse repurchase agreement.

Safekeeping. A service to bank customers whereby securities are held by the bank in the customer’s name.

Structured Note. A complex, fixed income instrument, which pays interest, based on a formula tied to other interest rates, commodities or indices. Examples include inverse floating rate notes which have coupons that increase when other interest rates are falling, and which fall when other interest rates are rising, and "dual index floaters," which pay interest based on the relationship between two other interest rates - for example, the yield on the ten-year Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of borrowing by purchasing interest rate swap agreements.

Supranational: A multi-national organization whereby member states transcend national boundaries or interests to share in the decision making to promote economic development in member countries.

Total Rate of Return. A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains, and losses in the portfolio.

U.S. Treasury Obligations. Securities issued by the U.S. Treasury and backed by the full faith and credit of the United States. Treasuries are considered to have no credit risk and are the benchmark for interest rates on all other securities in the US and overseas. The Treasury issues both discounted securities and fixed coupon notes and bonds.

Treasury Bills. All securities issued with initial maturities of one year or less are issued as discounted instruments and are called Treasury bills. The Treasury currently issues three- and six-month Tbills at regular weekly auctions. It also issues “cash management” bills as needed to smooth out cash flows.

Treasury Notes. All securities issued with initial maturities of two to ten years are called Treasury notes and pay interest semi-annually.

Treasury Bonds. All securities issued with initial maturities greater than ten years are called Treasury bonds. Like Treasury notes, they pay interest semi-annually.

Yield to Maturity. The annualized internal rate of return on an investment which equates the expected cash flows from the investment to its cost.

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RES 2022-68 EXHIBIT A
RES SA-22-83 EXHIBIT A
City of Imperial Beach
Investment Policy
Fiscal Year 2022/2023
ATTACHMENT 4

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CITY OF IMPERIAL BEACH, CALIFORNIA

INVESTMENT POLICY
Fiscal Year 2022/2023
I. INTRODUCTION
This Investment Policy is intended to identify various policies and procedures that will foster a prudent and systematic investment program designed to seek the City of Imperial Beach’s objectives of safety, liquidity and yield through a diversified investment portfolio. This policy also serves to organize and formalize the City’s investment-related activities, while complying with all applicable statutes governing the investment of public funds.

This Investment Policy was endorsed and adopted by the City’s governing body and is effective as of September 21, 2022. This Investment Policy replaces any previous Investment Policy or Investment Procedures of the City.

Inter-fund transfers are not covered by this policy.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 3 III. PRUDENCE
Pursuant to California Government Code, Section 53600.3, all persons authorized to make investment decisions on behalf of the City are trustees and therefore fiduciaries subject to the Prudent Investor Standard:
“…all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Agency, that a prudent person acting in a like capacity and familiar with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.” The Finance Director, Chief Administrative Officer and other authorized persons responsible for managing City funds acting in accordance with written procedures and this investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security’s credit risk or market price changes provided that the Finance Director, Chief Administrative Officer or other authorized persons acted in good faith. Deviations from expectations of a security’s credit or market risk should be reported to the governing body in a timely fashion and appropriate action should be taken to control adverse developments.

2. Liquidity: The investment portfolio will remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated.

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The Finance Director and Chief Administrative Officer shall disclose any material financial interests in financial institutions that conduct business with the City, and they shall further disclose any personal financial/investment positions that could be affected by the performance of the City’s operations and functions or by the management of the City’s investment program.

Ethics and Conflicts of Interest: Officers and employees involved in the investment process shall refrain from personal business activity that conflicts with proper execution of the investment program or impair their ability to make impartial investment decisions. Additionally, the Finance Director, Chief Administrative Officer and other members of the management Investment Advisory Committee, as identified herein, are required to annually file applicable financial disclosures as required by the Fair Political Practices Commission (FPPC).

The Finance Director and Chief Administrative Officer will be responsible for all transactions undertaken and will establish a system of procedures and controls to regulate the activities of subordinate employees.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 5 accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940.

An Investment Committee consisting of the City Manager/Executive Director, Finance Director and Chief Administrative Officer shall be established to provide general oversight and direction concerning the policy related to management of the City's investment portfolio. Assigned Finance Department staff members may serve in a staff and advisory capacity, although are not members of the Committee.

A. The Finance Director or Chief Administrative Officer will determine which financial institutions are authorized to provide investment services to the City. Institutions eligible to transact investment business with the City include:

1. Institutions licensed by the state as a broker-dealer.

2. Institutions that are members of a federally regulated securities exchange.

3. Primary government dealers as designated by the Federal Reserve Bank and non-primary government dealers;

4. Nationally or state-chartered banks;

5. The Federal Reserve Bank; and,

6. Direct issuers of securities eligible for purchase.

B. Selection of financial institutions and broker/dealers authorized to engage in transactions with the City will be at the sole discretion of the City.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 6 The Finance Director or Chief Administrative Officer will conduct an annual review of the financial condition and registrations of such qualified bidders.

D. Selection of broker/dealers used by an external investment adviser retained by the City will be at the sole discretion of the investment adviser.

F. Collateralization:

VII. DELIVERY, SAFEKEEPING AND CUSTODY, AND COMPETITIVE TRANSACTIONS A. Delivery-versus-payment: Settlement of all investment transactions will be completed using standard delivery-vs.-payment procedures.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 7 as agent for the City under the terms of a custody agreement executed by the bank and the City. All investment transactions will require a safekeeping receipt or acknowledgement generated from the trade. A monthly report will be received by the City from the custodian listing all securities held in safekeeping with current market data and other relevant information.

The only exceptions to the foregoing shall be depository accounts and securities purchases made with: (i) local government investment pools; (ii) time certificates of deposit, and (iii) mutual funds and money market mutual funds, since these securities are not deliverable.

In the event an apparent discrepancy is found between this Policy and the Government Code, the more restrictive parameters will take precedence.

Percentage holding limits and credit rating minimums listed in this section apply at the time the security is purchased.

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 The maximum maturity is five years;
 No more than 20% of the total portfolio may be invested in callable federal agency securities.

4. Corporate Medium-Term Notes (MTNs) provided that:
 Such notes have a maximum maturity of five years;
 Are issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States;
 Are rated in the “A” category or better by at least one NRSRO;  No more than 30% of the total portfolio may be invested in corporate medium-term notes; and,

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 9  No more than 5% of the total portfolio may be invested in any single issuer of corporate medium-term notes.

7. Time Deposits (Non-Negotiable Certificates of Deposit) in state or federally chartered banks, savings and loans, or credit unions in excess of insured amounts which are fully collateralized with securities in accordance with California law, provided that:
 No more than 20% of the portfolio will be invested in a combination of federally insured and collateralized time deposits;
 The maturity of such deposits does not exceed 5 years; and,  No more than 5% of the total portfolio may be invested in any single issuer of time deposits.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 11 (ii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO.
(iii) If the issuer has other debt obligations, they must be rated in a rating category of “A” or its equivalent or better by at least one NRSRO.
b. SECURITIES issued by other entities:
(i) The issuer is organized within the United States as a special purpose corporation, trust, or limited liability company. (ii) The securities must have program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond.
(iii) The securities are rated “A-1” or its equivalent or better by at least one NRSRO.
 No more than 10% of the outstanding commercial paper of any single issuer.
 No more than 25% of the total portfolio is invested in commercial paper.
 No more than 5% of the total portfolio is invested in any single commercial paper issuer.
 The maturity does not exceed 270 days from the date of purchase.

12. Repurchase Agreements collateralized with securities authorized pursuant to Government Code that are maintained at a level of at least 102% of the market value of the repurchase agreements, provided that:
 The maximum maturity of repurchase agreements will be 1 year;  There is no limit to the amount to be invested in repurchase agreements;
 Securities used as collateral for repurchase agreements will be delivered to the City’s custodian bank; and,
 The repurchase agreements are the subject of a master repurchase agreement between the City and the provider of the repurchase agreement. The master repurchase agreement will be substantially in the form developed by the Securities Industry and Financial Markets Association (SIFMA).

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13. State of California Local City Investment Fund (LAIF), provided that:
 The City may invest up to the maximum permitted amount in LAIF; and,
 LAIF’s investments in instruments prohibited by or not specified in the City’s policy do not exclude it from the City’s list of allowable investments, provided that the fund’s reports allow the Finance Director or Chief Administrative Officer to adequately judge the risk inherent in LAIF’s portfolio.

14. Local Government Investment Pools
 No more than 10% per issuer limitation for Local Government Investment Pools other than LAIF.

1. Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs; or,

2. Have retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years’ experience investing in the securities and obligations authorized by California Government Code Section 53601 and with assets under management in excess of $500 million;
No more than 10% of the total portfolio may be invested in shares of any one mutual fund.
 Money Market Mutual Funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and issued by diversified management companies and meet either of the following criteria:

1. Have attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs.

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No more than 20% per fund of the total portfolio may be invested in the shares of any one money market mutual fund.
 No more than 20% of the total portfolio may be invested in these securities.

X. PORTFOLIO RISK MANAGEMENT
A. Prohibited Investment Vehicles and Practices

1. State law notwithstanding, any investments not specifically described herein are prohibited, including, but not limited to futures and options.

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2. In accordance with Government Code Section 53601.6, investment in inverse floaters, range notes, or mortgage derived interest-only strips is prohibited.

4. Trading securities for the sole purpose of speculating on the future direction of interest rates is prohibited.

5. Purchasing or selling securities on margin is prohibited.

6. The use of reverse repurchases agreements, securities lending or any other form of borrowing or leverage is prohibited.

7. The purchase of foreign currency denominated securities is prohibited.

1. The diversification requirements included in Section VIII are designed to mitigate credit risk in the portfolio;

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 15 a. Any actions taken related to the downgrade by the investment manager will be communicated to the Finance Director or Chief Administrative Officer in a timely manner.

b. If a decision is made to retain a downgraded security in the portfolio, the credit situation will be monitored and reported monthly to the governing board.

1. The City will maintain a minimum of six months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements;

2. The stated final maturity of individual securities in the portfolio will be five years, except as otherwise stated in this policy;

3. The maximum weighted average stated final maturity of the total portfolio shall not exceed three years; and,

4. The duration of the portfolio will at all times be approximately equal to the duration (typically plus or minus 20%) of a Market Benchmark Index selected by the City based on the City’s investment objectives, constraints and risk tolerances. The City’s current Benchmark will be documented by the City.

XI. FOSSIL FUELS RESTRICTION
The purchase of securities issued by fossil fuel companies that directly source the majority of their revenue from oil, gas and/or coal production is prohibited.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 16 XII. INVESTMENT POOLS/MUTUAL FUNDS
The City shall conduct a thorough investigation of any pool or mutual fund prior to making an investment, and on a continual basis thereafter. The Finance Director or Chief Administrative Officer shall develop a questionnaire which will answer the following general questions:
 A description of eligible investment securities, and a written statement of investment policy and objectives.
 A description of interest calculations and how it is distributed, and how gains and losses are treated.
 A description of how the securities are safeguarded (including the settlement processes), and how often the securities are priced and the program audited.
 A description of who may invest in the program, how often, what size deposit and withdrawal are allowed.
 A schedule for receiving statements and portfolio listings.  Are reserves, retained earnings, etc. utilized by the pool/fund?  A fee schedule, and when and how is it assessed.
 Is the pool/fund eligible for bond proceeds and/or will it accept such proceeds?
XIII. INVESTMENT OBJECTIVES (PERFORMANCE STANDARDS AND EVALUATION) A. Overall Objective: The investment portfolio will be designed with the overall objective of obtaining a total rate of return throughout economic cycles, commensurate with investment risk constraints and cash flow needs.

XIV. PROCEDURES AND INTERNAL CONTROLS
A. Procedures
The Finance Director or Chief Administrative Officer will establish investment policy procedures to assist investment staff with day-to-day operations of the investment program consistent with this policy. Such procedures will include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer.

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 17 B. Internal Controls
The Finance Director or Chief Administrative Officer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse.

The internal control structure will be designed to provide reasonable assurance that these objectives are met. Internal controls will be described in the City’s investment procedures manual.

XV. REPORTING, DISCLOSURE AND PROGRAM EVALUATION
A. Monthly Reports
Monthly investment reports will be submitted by the Finance Director or Chief Administrative Officer to the governing board. These reports will disclose, at a minimum, the following information about the risk characteristics of the City’s portfolio:

1. An asset listing showing par value, cost and accurate and complete market value of each security, type of investment, issuer, and interest rate;

2. Monthly transactions for the period;

4. A statement of compliance with investment policy, including a schedule of any transactions or holdings which do not comply with this policy or with the California Government Code, including a justification for their presence in the portfolio and a timetable for resolution; and,

5. A statement that the City has adequate funds to meet its cash flow requirements for the next six months.

B. Annual Reports

1. The investment policy will be reviewed and updated at least annually at the beginning of the calendar year to ensure its consistency with

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 18 the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends.

C. Periodic Audit
The City Treasurer may establish a process of periodic independent review by an external expert to assure compliance with internal controls.

Prepared by:

Joann Gitmed
Finance Director

Approved as to content:
___________________________________
Erika Cortez
Chief Administrative Officer

Date:

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Amended and Adopted by Resolution No. 2022-68 & SA-22-83 Page 19 Appendix II