Imperial Beach City Council
April 3, 2024

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

Wednesday, April 3, 2024
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.

In compliance with the Americans with Disabilities Act, 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.

Foreign language and American Sign Language interpretation services are now available for City Council meetings. Contact the City Clerk’s office at (619) 628-2347 or TTY 711 by noon on Monday prior to the meeting.

Any writings or documents provided to a majority of the City Council/Planning Commission/Public Financing Authority/Housing Authority/I.B. RDA Successor Agency regarding any item on this agenda will be available to the public on the City's website at: https://pub-imperialbeach.escribemeetings.com/?Year=2024 Pages

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE

4. REIMBURSEMENT DISCLOSURES/REPORTS ON ASSIGNMENTS AND

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

5. COMMUNICATIONS FROM CITY STAFF

6. 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.

7. PRESENTATIONS

7.a PROCLAMATION RECOGNIZING NATIONAL CHILD ABUSE PREVENTION MONTH – APRIL 2024. (0410-30)
5 Recommendation:

That the City Council approve the Proclamation.

7.b PROCLAMATION RECOGNIZING AUTISM AWARENESS MONTH – APRIL 2024. (0410-30)
7 Recommendation:

That the City Council approve the Proclamation.

7.c IMPERIAL BEACH CHAMBER OF COMMERCE UPDATE. (0130-10)* *No Staff Report.

8. 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. 8.a through 8.e.

8.a APPROVAL OF CITY COUNCIL MEETING MINUTES. 9
Recommendation:

That the City Council approves the Regular Meeting Minutes of March 20, 2024 and the Special Workshop Meeting Minutes of March 27, 2024.

8.b RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM MARCH 9, 2024, TO MARCH 22, 2024. (0300-25)
18 Recommendation:

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

8.c RECEIVE TREASURER’S REPORT FOR FEBRUARY 2024 (0300-90). 30 Recommendation:

Staff recommends that the City Council receive and file the February 2024 Treasurer's Report.

8.d RESOLUTION NO. 2024-016 AWARDING A PUBLIC WORKS CONTRACT TO ACE EXCAVATING & ENVIRONMENTAL SERVICES, INC. TO CONSTRUCT

THE SPORTS PARK RESTROOM PROJECT AND ALLOCATE ADDITIONAL FUNDS TO THE PROJECT (P23101) (0330-35 & 0920-40).
56 Recommendation:

Adopt Resolution No. 2024-016 to award the construction contract to Ace Excavating & Environmental Services, Inc. for a not-to-exceed amount of $368,000.00 for the Sports Park Restroom Project (P23101).

8.e NOTIFICATON OF TRAVEL: MAYOR AGUIRRE WILL ATTEND THE SAN DIEGO CHAMBER OF COMMERCE DELEGATION TO WASHINGTON D.C.

APRIL 14-17,2024. THE ESTIMATED EXPENSES FOR TRAVEL,
ACCOMODATIONS AND MEALS IS $1,860. (0410-60)*
*No Staff Report.

9. ORDINANCES/INTRODUCTION & FIRST READING
None.

10. PUBLIC HEARINGS
None.

11. REPORTS

11.a DISCUSSION OF 2024 SUN AND SEA EVENT. (1040-10) 61 Recommendation:

Staff recommends that the City Council provide direction to staff regarding the Sun and Sea event proposed to be held in August 2024.

11.b CONSIDER ADOPTING RESOLUTION NO. 2024-018 OPPOSING THE

TAXPAYER PROTECTION AND GOVERNMENT ACCOUNTABILITY ACT
AND SEND A LETTER OF OPPOSITION TO CALCITIES. (0460-20) 65 Recommendation:

That the City Council consider adopting Resolution No. 2024-018 opposing the Taxpayer Protection and Government Accountability Act (Initiative No. 21- 0042A1) and request that the Mayor send a letter on behalf of the City Council to the League of California Cities opposing Initiative No. 21-0042A1.

11.c CONSIDERATION OF APPROVAL OF RESOLUTION NO. 2024-017 TO

APPROVE THE FIRST AMENDMENT TO THE CITY MANAGER
EMPLOYMENT AGREEMENT (0530-60).
83 Recommendation:

Consider approval of Resolution No. 2024-017 to approve the First Amendment to the City Manager Employment Agreement and authorize the Mayor to sign the First Amendment.

12. I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY REPORTS
None.

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

14. CITY COUNCIL FUTURE AGENDA REQUESTS

15. ADJOURN REGULAR MEETING

P a g e | 1
April 3, 2024
ITEM TITLE: PROCLAMATION RECOGNIZING NATIONAL CHILD ABUSE PREVENTION MONTH – APRIL 2024. (0410-30)
ORIGINATING DEPARTMENT:

Mayor
RECOMMENDATION:

That the City Council approve the Proclamation.

ATTACHMENTS:

ATT 1 - Proclamation

ATTACHMENT 1

NATIONAL CHILD ABUSE PREVENTION
MONTH
WHEREAS, in Federal fiscal year 2022, nearly 3.1 million children received either an investigation response or alternative response; and
WHEREAS, child abuse and neglect is a serious problem affecting every segment of our community, and finding solutions requires input and action from everyone; and WHEREAS, our children are our most valuable resources and will shape the future of the City of Imperial Beach; and
WHEREAS, child abuse can have long-term psychological, emotional, and physical effects that have lasting consequences for victims of abuse; and
WHEREAS, protective factors are conditions that reduce or eliminate risk and promote the social, emotional, and developmental well-being of children; and WHEREAS, effective child abuse prevention activities succeed because of the partnerships created between child welfare professionals, education, health, community- and faith-based organizations, businesses, law enforcement agencies, and families; and WHEREAS, communities must make every effort to promote programs and activities that create strong and thriving children and families; and
WHEREAS, we acknowledge that we must work together as a community to increase awareness about child abuse and contribute to promote the social and emotional well-being of children and families in a safe, stable, and nurturing environment; and
WHEREAS, prevention remains the best defense for our children and families.

NOW, THEREFORE, BE IT PROCLAIMED that I, Paloma Aguirre, Mayor of the City of Imperial Beach, together with the City Council, do hereby recognize April 2024 as “National Child Abuse Prevention Month” in the City of Imperial Beach and urge all citizens to recognize this month by dedicating ourselves to the task of improving the quality of life for all children and families.

Dated: April 3, 2024

Paloma Aguirre, Mayor

P a g e | 1
April 3, 2024
ITEM TITLE: PROCLAMATION RECOGNIZING AUTISM AWARENESS MONTH – APRIL 2024. (0410-30)
ORIGINATING DEPARTMENT:

Mayor
RECOMMENDATION:

That the City Council approve the Proclamation.

ATTACHMENTS:

ATT 1 - Proclamation

ATTACHMENT 1

AUTISM AWARENESS MONTH
WHEREAS, Autism is the result of a neurological disorder that affects the normal functioning of the human brain, and can affect anyone, regardless of race, ethnicity, gender, or socioeconomic background; and
WHEREAS, symptoms and characteristics of Autism may present themselves in a variety of combinations and can result in significant lifelong impairment of an individual’s ability to learn, develop healthy interactive behaviors, and understand verbal, as well as nonverbal communication; and WHEREAS, the Autism Spectrum Disorder (ASD) is a reality that affects millions of families every day and more children are being diagnosed, resulting in rates as high as one in thirty-six children nationally with four times greater prevalence among boys than girls according to the Centers for Disease Control; and
WHEREAS, while our nation has made progress in supporting those with ASD we are only beginning to understand the factors behind the challenges they face; and as the effort to address Autism continues, doctors, therapists, and educators can help individuals with Autism overcome or adjust to its challenges and provide early, accurate diagnosis, appropriate education intervention, and therapy that are vital to future growth and development; and
WHEREAS, in April we recognize those with Autism achieving and breaking down barriers, and recommit to helping those on the Autism Spectrum reach their full potential at all times; and WHEREAS, the City of Imperial Beach, California proudly supports the annual observance of Autism Awareness Month in the hope that it will lead to a better understanding of the Autism Spectrum Disorder, celebrating the work of advocates, professionals and family members, and all who work to build a brighter tomorrow alongside those with Autism.

NOW, THEREFORE, BE IT PROCLAIMED that I, Paloma Aguirre, Mayor of the City of Imperial Beach, together with the City Council, hereby proclaim April 2024 as “Autism Awareness Month” to raise public awareness, acceptance and inclusion of those with Autism and the myriad of issues surrounding the disorder, as well as to increase knowledge of the programs that have been and are being developed to support individuals with Autism and their families.

Dated: April 3, 2024.

Paloma Aguirre, Mayor

April 3, 2024
ITEM TITLE: APPROVAL OF CITY COUNCIL MEETING MINUTES.

ORIGINATING DEPARTMENT: City Clerk
RECOMMENDATION:

That the City Council approves the Regular Meeting Minutes of March 20, 2024 and the Special Workshop Meeting Minutes of March 27, 2024.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

No fiscal impact associated with this report.

ATTACHMENTS:

ATT1 03-20-2024 Regular Meeting Minutes_DRAFT
ATT2 03-27-2024 Special Workshop Meeting Minutes_DRAFT

ATTACHMENT 1
1 CITY OF IMPERIAL BEACH

CITY COUNCIL

REGULAR MEETING MINUTES
March 20, 2024, 6:00 p.m.

Council Chambers
825 Imperial Beach Boulevard
Imperial Beach, CA 91932

Present: Mayor Aguirre, Mayor Pro Tem McKay, Councilmember Seabury, Councilmember Fisher, Councilmember Leyba-Gonzalez
Staff: City Manager Foltz, City Attorney Lyon, City Clerk Kelly, Public Works Director Larios, Parks and Recreation Director Bullock
The City Council also sits as the Imperial Beach Planning Commission, Public Financing Authority, and Imperial Beach Redevelopment Agency Successor Agency. _____________________________________________________________________

1. CALL CLOSED SESSION TO ORDER
Mayor Aguirre called the Closed Session Meeting to order at 5:00 p.m.

2. ROLL CALL
All Councilmembers were present.

3. CLOSED SESSION

3.a CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION

3.b PUBLIC EMPLOYEE PERFORMANCE EVALUATION
Mayor Aguirre called the meeting back to open session at 6:00 p.m.

Reporting out on Closed Session, City Attorney Lyon stated the City Council met in Closed Session on Item 3.a. Direction was given, no reportable action was taken. Additionally, City Council met in Closed Session on item 3.b pursuant to Government Code 54957 and direction was given, no reportable action was taken.

4. ADJOURN CLOSED SESSION
Mayor Aguirre adjourned the Closed Session at 6:00 p.m.

5. CALL REGULAR MEETING TO ORDER
Mayor Aguirre called the Regular Meeting to order at 6:01 p.m.

ATTACHMENT 1
2 6. ROLL CALL
City Clerk Kelly took roll.

7. PLEDGE OF ALLEGIANCE
Councilmember Seabury led the Pledge of Allegiance.

8. REIMBURSEMENT DISCLOSURES/REPORTS ON ASSIGNMENTS AND COMMITTEES Mayor Aguirre
 Shoreline Preservation Working Group meeting
 San Diego Regional Chamber of Commerce panel
 Press Conference convened by CA Senator Padilla
 CA Costal Commission meeting
 Roundtable Meeting with U.S. Senator Butler
 IB Walking Group 6-Month Celebration
 Announced there is a Borders Committee Meeting following the upcoming SANDAG Board of Directors Meeting
 Announced the upcoming Special City Council Workshop meeting on March 27th at the Burress Auditorium regarding the sewage crisis
Mayor Pro Tem McKay
 IB Walking Group 6-Month Celebration
 Metro Wastewater JPA meeting
 SD County - CalCites meeting
Councilmember Seabury
 SANDAG Mobility meeting
 Announced Thursday, May 16 is Bike Anywhere Day
 Attended the Farmer's Market
 IB Walking Group 6-Month Celebration
Councilmember Fisher
 SANDAG Board of Directors Retreat at Salt Drift Point  Announced the upcoming SANDAG Board of Directors Meeting where they will discuss the Regional Housing Needs Allocations
 SANDAG Subcommittee for selecting a new CEO
Councilmember Leyba-Gonzalez
 SANDAG Board of Directors Retreat at Salt Drift Point  MTS Board of Directors meeting
 Attended the Farmer's Market

9. COMMUNICATIONS FROM CITY STAFF
None.

ATTACHMENT 1
3 10. PUBLIC COMMENT
Written public comments were submitted by:
 Dadawson regarding new camara on Strand intersection
 Alan Mil, Laura Douglas, Lhebert, Sandra Hodge, Lety & Victor, C Lee Sandvick, and George regarding SB10 Housing in the city of Chula Vista Priscilla Mumpower, Assistant Executive Officer for LAFCO, announced the Commission took unanimous action to add the Port of San Diego to their local registry of special districts that are subject to LAFCO oversight.

William Perno announced April is Child Abuse Prevention Month and spoke about being a victim and survivor of child sexual abuse.

Josie Hamada commended the City's landscape crew for their work on the garden in front of City Hall and the crew that picks up garbage during the weekends. She spoke in support of a business round table involving the City, Chamber of Commerce, and businesses to talk about the economic crisis in Imperial Beach and encourage visitors to come to Imperial Beach to help local businesses.

11. PRESENTATIONS

11.a BALLOON POLLUTION ELIMINATION PRESENTATION BY SURFRIDER. (0230-40) Mark O'Connor with Surfrider San Diego County, gave a PowerPoint presentation. He asked City Council to consider an ordinance banning the sale, use and release of all lighter than air balloons in the City of Imperial Beach.

Bethany Case encouraged City Council to consider a ban on balloons.

Councilmember Seabury spoke in support of a ban of lighter than air balloons.

City Council discussion ensued.

Mayor Aguirre stated there is interest from at least two Councilmembers (Councilmember Seabury and Mayor Aguirre) to direct staff to bring this matter back at a future date with information on:
 Which businesses sell helium and balloons
 Data on how many animals balloons have killed
 Economic loss as a result of power outages and how many outages

12. CONSENT CALENDAR
No public comments.

Motion by Mayor Pro Tem McKay
Seconded by Mayor Aguirre
To approve Consent Calendar Item Nos. 12.a through 12.c.

ATTACHMENT 1
4 AYES (5): Mayor Aguirre, Mayor Pro Tem McKay, Councilmember Seabury, Councilmember Fisher, and Councilmember Leyba-Gonzalez
Motion Carried (5 to 0)

12.a APPROVAL OF CITY COUNCIL MEETING MINUTES.

City Council approved the Regular Meeting Minutes of February 21, 2024 and March 6, 2024.

12.b RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM FEBRUARY 24, 2024, TO MARCH 8, 2024. (0300-25)
City Council ratified and filed the Warrant Register Report.

12.c RECEIVE TREASURER’S REPORT FOR JANUARY 2024. (0300-90) City Council received and filed the January 2024 Treasurer's Report.

13. ORDINANCES/INTRODUCTION & FIRST READING
None.

14. PUBLIC HEARINGS

14.a PUBLIC HEARING ON RESOLUTION NO. 2024-015 OF THE CITY OF IMPERIAL

BEACH, CALIFORNIA ADJUSTING THE REGIONAL TRANSPORTATION CONGESTION IMPROVEMENT PLAN FEE FOR FISCAL YEAR 2024-2025. (0680-95) Mayor Aguirre declared the public hearing open.

Public Works Director Larios gave a PowerPoint presentation. In response to questions of City Council he stated that the fee charged is for each new residential dwelling unit constructed and that the fee does not apply to ADU's. He also responded to questions regarding the use of the funds and the end date of the funding. He also spoke about the new traffic management center that will help alleviate traffic.

City Planner/Management Associate Ayala added that the fee would be charged to brand new dwelling units, but with regard to accessory dwelling units, most of them are not charged the fee. It would only be charged in very special circumstances where more than one accessory dwelling unit is being built on a lot.

No public comments.

City Council expressed concern about the impacts the fee would have on housing and a desire to streamline the process, while managing concerns with congestion, traffic and parking.

Mayor Aguirre closed the public hearing.

ATTACHMENT 1
5 Motion by Councilmember Fisher
Seconded by Councilmember Leyba-Gonzalez
Adopt Resolution No. 2024-015 approving the increase in the RTCIP mitigation fee charged for each new residential dwelling unit constructed in Imperial Beach in Fiscal Year 2024-2025 from $2,741.97 to $2,875.06.

AYES (5): Mayor Aguirre, Mayor Pro Tem McKay, Councilmember Seabury, Councilmember Fisher, and Councilmember Leyba-Gonzalez
Motion Carried (5 to 0)

15. REPORTS

15.a UPDATE AND DISCUSSION ON COMMUNITY SWIM PROGRAM AT MAR VISTA AQUATICS FACILITY PROVIDED BY THE CITY OF IMPERIAL BEACH. (0930-15 &1010-20)
Parks and Recreation Director Bullock gave a PowerPoint presentation.

A written comment was submitted by Lorie Bragg.

In response to Councilmember Leyba-Gonzalez's suggestion to negotiate club team usage of the pool, Director Bullock stated club teams cannot use the facility per the MOU.

Also, if club teams used the pool, it would cut down on the City's usage of the pool.

Councilmember Seabury questioned how long the City can bleed money for less than 200 people.

Mayor Pro Tem McKay suggested moving forward with a renegotiation of the MOU. He expressed concern about the cost per swim hour, suggested that the SRO costs be negotiated out, and to look at reducing the per hour rate. He also said that although residents cannot use the beach, this is a lot of money for the pool, and the money can go to other things that the residents need.

Councilmember Fisher reminded everyone that the SRO is in the MOU because that is something for the community rather than just giving money to the school district. He noted that for every hour the City adds, the more it will cost the City. He suggested having pool hours only on Saturdays and Sundays and a 50/50 split for the SRO.

Mayor Aguirre stated there is consensus on the dais that the return on the investment is stretching thin because there are other fiduciary responsibilities that are equally, if not more important. She favored the suggestion to negotiate six hours on Saturday and Sunday for families. She also stated that spending $480,000 on 155 people can be spent in other ways to benefit more people. She noted that they have a responsibility to bring the greatest good to the greatest amount of people, and that tough decisions need to be made.

ATTACHMENT 1
6 City Manager Foltz stated staff is meeting with the school district on April 22nd. The Exos costs are borne by the City, so the school district would not cover those costs, but the discussion of the percentages for the SRO is worth being had.

16. I.B. REDEVELOPMENT AGENCY SUCCESSOR AGENCY REPORTS
None.

17. ITEMS PULLED FROM THE CONSENT CALENDAR
None.

18. CITY COUNCIL FUTURE AGENDA REQUESTS
None.

19. ADJOURN REGULAR MEETING
Mayor Aguirre adjourned the Regular Meeting at 7:40 p.m.

Jacqueline M. Kelly, MMC
City Clerk
Paloma Aguirre
Mayor

ATTACHMENT 2
1 CITY OF IMPERIAL BEACH

CITY COUNCIL

SPECIAL MEETING MINUTES
March 27, 2024, 6:00 p.m.

South Bay Union School District
Burress Auditorium
601 Elm Ave.

Imperial Beach, CA 91932

Present: Mayor Aguirre, Councilmember Leyba-Gonzalez, Mayor Pro Tem McKay, Councilmember Seabury, Councilmember Fisher
Staff City Manager Foltz, Chief Administrative Officer Cortez-Martinez, City Attorney Lyon, City Clerk Kelly, Environmental & Natural Resources Director Helmer Helmer
The City Council also sits as the Imperial Beach Planning Commission, Public Financing Authority, Housing Authority, And Imperial Beach Redevelopment Agency Successor Agency. _____________________________________________________________________

1. CALL TO ORDER
Mayor Aguirre called the Special meeting to order at 6:00 p.m.

2. ROLL CALL
City Clerk Kelly too roll.

3. COMMUNICATIONS FROM CITY STAFF
None.

4. PUBLIC COMMENT
Public Comments were provided by Kim Dickson, Matt Dickson, Lynne Baker, Cheryl Quinones, Jackson, Eric Syverson, Kathy Chambers, Sean Carey, Clint Shipman, Margaret Williamson, Elizabeth Espinoza, Leon Benham, Dwayne Snider, Agustion Gil, Guillermo Cornejo, Matt Henry, John Detommaso, Vicky Knox.

5. PRESENTATIONS
City Council received PowerPoint presentations from the officials listed below.

ATTACHMENT 2
2 5.a PRESENTATION BY THE U.S. INTERNATIONAL BOUNDARY AND WATER

COMMISSION (IBWC) ON AN UPDATE OF THE INTERNATIONAL WASTEWATER TREATMENT PLANT.

Presented by Maria-Elena Giner, IBWC Commissioner.

5.b PRESENTATION BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY ON THE

COMPREHENSIVE SOLUTION AND FUNDING TO ADDRESS TIJUANA RIVER POLLUTION.

Presented by Doug Liden, Environmental Engineer, San Diego Environmental Protection Agency.

5.c PRESENTATION BY SAN DIEGO STATE UNIVERSITY SCHOOL OF PUBLIC HEALTH ON THE NEW HEALTH RESEARCH REPORT RELATED TO THE TIJUANA RIVER.

Presented by Paula E. Stigler Granados, Associate Professor, SDSU School of Public Health.

5.d PRESENTATION BY THE SCRIPPS INSTITUTION OF OCEANOGRAPHY ON THE

DEVELOPMENT OF A PATHOGEN FORECAST MODEL IN THE TIJUANA RIVER VALLEY AND IMPERIAL BEACH.

Presented by Matt Spydell, Senior Scientist, Scripps Institution of Oceanography.

5.e PRESENTATION BY THE SCRIPPS INSTITUTION OF OCEANOGRAPHY ON THE SCIENCE OF COASTAL TRANSPORT OF POLLUTION AT THE SAN DIEGOTIJUANA BORDER REGION.

Presented by Kimberly Prather, Distinguished Professor in Atmospheric Chemistry at UC San Diego - Scripps Institution of Oceanography.

5.f PRESENTATION BY BAJA CALIFORNIA GOVERNOR'S OFFICE ON THE SAN ANTONIO DE LOS BUENOS WASTEWATER TREATMENT PLANT REHABILITATION.

Presented by Kurt Ignacio Honold Morales, Ministry of Economy and Innovation (Secretaría de Economía e Innovación), Baja California Governor's Office.

6. CITY COUNCIL DISCUSSION REGARDING TIJUANA RIVER POLLUTION AND WATER QUALITY ISSUES.

No further discussion or direction to staff.

7. ADJOURN SPECIAL MEETING
Mayor Aguirre adjourned the Special Workshop meeting at 9:20 p.m.

Jacqueline M. Kelly, MMC
City Clerk
Paloma Aguirre
Mayor

April 3, 2024
ITEM TITLE: RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM MARCH 9, 2024, TO MARCH 22, 2024. (0300-25)
ORIGINATING DEPARTMENT: Finance
EXECUTIVE SUMMARY:

Staff is recommending that the City Council ratify the accompanying Warrant Register for the period from March 9, 2024, to March 22, 2024, in the amount of $1,445,435.20.

RECOMMENDATION:

Staff is seeking 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 March 9, 2024, to March 22, 2024, in the amount of $1,445,435.20, 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

SAN DIEGO COUNTY

SHERIFF
102717 JAN 2024 SHERIFF SRVCS $ 700,222.96

WESTERN RIM
CONSTRUCTORS, INC.
102731 VET PARK MULTI-USE
FIELD THRU FEB 2024
$ 133,642.07

The following registers are submitted for Council ratification:

Accounts Payable:

DATE CHECK NUMBER AMOUNT(S)
3/14/2024 CK102658-CK102686 $ 231,333.50
3/21/2024 CK102687-CK102732 958,013.12
Sub-Total $ 1,189,346.62

DATE EFT/DRAFT NUMBER AMOUNT(S)

N/A N/A
Sub-Total $
Check Reversals/Voids:

DATE CHECK/EFT NUMBER AMOUNT(S)
3/14/2024 CK102679 $ (664.64)
Sub-Total $ (664.64)
Total reflected in the attached Expense Approval Report: $ 1,188,681.98 Payroll Checks/Direct Deposits

DATE CHECK/EFT NUMBER AMOUNT(S)
3/14/2024 CK49075-77; EFT0000183-4 $ 256,753.22
Sub-Total $ 256,753.22
TOTAL: $ 1,445,435.20
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL ANALYSIS:

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

ATTACHMENTS:

ATT 1 - Expense Approval Report – 3.9.2024-3.22.2024

3/22/2024 10:59:15 AM Page 1 of 10
Expense Approval Report
Imperial Beach, CA By (None)
Payment Dates 3/9/2024 - 3/22/2024
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/03/24-03/04/24 - 505 H… 1015-210018811916 03/06/… 101-1910-419.2702 94.67 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 400 1/2…1015-210019027905 03/05/… 101-1910-419.2702 150.39 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 950 OC… 1015-210019276868 03/05/… 601-5060-436.2702 194.44 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 90 IMP… 1015-210019278093 03/05/… 101-6020-452.2702 69.25 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 1150 S… 1015-210019278895 03/05/… 101-6020-452.2702 58.75 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 1234 S… 1015-210019279782 03/05/… 101-6020-452.2702 48.24 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 1322 S… 1015-210019357057 03/05/… 601-5060-436.2702 48.24 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 90 DES… 1015-210019359015 03/05/… 101-6020-452.2702 48.24 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 90 ENC… 1015-210019360534 03/07/… 101-6020-452.2702 48.24 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/024 - 105 I… 1015-210019482014 03/05/… 101-1910-419.2702 171.40 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 981 2N… 1015-210019600799 03/05/… 101-6020-452.2702 527.01 03/14/2024 102658 CALIFORNIA AMERICAN WAT…03/06/24-04/03/24 - 950 OC… 1015-210020153385 03/07/… 101-6020-452.2702 44.67 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/06/24-03/05/24 - 825 IM… 1015-210020154739 03/07/… 101-1910-419.2702 48.24 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/06/24-03/05/24 - HYDRA… 1015-220029776225 03/07/… 101-6010-451.2702 327.73 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 170 PA… 1015-220036553772 03/05/… 101-6020-452.2702 145.43 03/14/2024 102658 CALIFORNIA AMERICAN WAT…02/02/24-03/01/24 - 170 PA… 1015-220036553789 03/05/… 101-6020-452.2702 105.19 03/14/2024 102659 CINTAS CORPORATION FIRST AID CABINET REFILL 5194626826 101-1130-412.3001 54.90 03/14/2024 102660 CLEAN HARBORS FEB 2024 HOUSEHOLD WAST…1004949462 101-5040-434.2104 240011 1,332.66 03/14/2024 102661 COX COMMUNICATIONS 03/01/24-03/31/24 - 825 IB … 03-01/2024 8102 503-1923-419.2104 35.32 03/14/2024 102661 COX COMMUNICATIONS 03/01/24-03/31/24 - 825 IB … 03-01-2024 3201 503-1923-419.2104 29.35 03/14/2024 102661 COX COMMUNICATIONS 03/04/24-04/03/24 - 950 OC… 03-04-2024 7001 503-1923-419.2104 245.17 03/14/2024 102662 EMILY FRACZEK 12/14/23, 12/21/23 - EMPLO…4 502-1922-419.2904 300.00 03/14/2024 102663 EMPATHIA PACIFIC, INC. APRIL 2024 - EMPLOYEE ASSI… 120113 101-1130-412.2006 320.00 03/14/2024 102664 GO-STAFF, INC. WE 03/03/24 PARKS TEMP J. …316751 101-6020-452.2101 240191 1,293.36 03/14/2024 102665 GOVERNMENT TRAINING AG… SUPERVISOR'S ACADEMY REG…72958 502-1922-419.2904 575.00 03/14/2024 102666 GQ BUILDERS, INC. PERIOD TO 2/21/24 COMM … 002-R1 401-0000-202.0000 -2,582.50 03/14/2024 102666 GQ BUILDERS, INC. PERIOD TO 2/21/24 COMM … 002-R1 401-1910-532.2006 240157 51,650.00 03/14/2024 102667 HAWTHORNE MACHINERY CO EMERGENCY GENERATOR SR… SS100137668 601-5060-436.2104 240067 433.00 03/14/2024 102667 HAWTHORNE MACHINERY CO EMERGENCY GENERATOR SR… SS100137669 601-5060-436.2104 240067 433.00 03/14/2024 102668 JUAN LARIOS DEPT HEAD HEALTH/FITNESS… 02-28-2024 101-5020-432.1108 420.00 03/14/2024 102669 MAINTEX, INC. TISSUE (2CS), LINER (2CS), CL… 1076885-00 101-6020-452.3002 462.74 03/14/2024 102670 MICHAEL BAKER INTERNATI… THROUGH 2/28/24 - PS8 RE… 1205687 601-5060-536.2006 240100 44,776.00 03/14/2024 102671 NEXUSPLAN, INC FEB 2024 - BAYSHORE BIKE… GRT076-08 214-5050-435.2006 240051 70,001.24 03/14/2024 102672 NV5 INC JAN 2024 - 455 PALM AVE (2… 375687 101-0000-221.0102 1,000.00 03/14/2024 102672 NV5 INC JAN 2024 - 236 PALM AVE (2… 375688 101-0000-221.0102 231.49 03/14/2024 102672 NV5 INC JAN 2024 - 843 ENCINA AVE (…375689 101-0000-221.0102 508.47 03/14/2024 102672 NV5 INC JAN 2024 - 575 FLORIDA ST (… 375690 101-0000-221.0102 1,793.23 03/14/2024 102673 O'REILLY AUTO PARTS #3980 STRUTS FRONT & REAR - TRU…3980-133908 501-1921-419.2816 722.45 ATTACHMENT 1

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 2 of 10
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/14/2024 102673 O'REILLY AUTO PARTS #3980 GENERATOR KIT - ANNUAL S… 3980-134928 501-1921-419.2813 652.49 03/14/2024 102673 O'REILLY AUTO PARTS #3980 P/S PULLEY - TRUCK 165 3980-135046 501-1921-419.2816 22.02 03/14/2024 102673 O'REILLY AUTO PARTS #3980 OIL FILTER - TRUCK 605 3980-135271 501-1921-419.2816 3.08 03/14/2024 102673 O'REILLY AUTO PARTS #3980 BATERY - TRUCK 695 3980-135434 501-1921-419.2816 130.12 03/14/2024 102673 O'REILLY AUTO PARTS #3980 FUEL CAP - TRUCK 152 3980-135659 501-1921-419.2816 9.19 03/14/2024 102673 O'REILLY AUTO PARTS #3980 IGN WIRE,FILTERS,WIPER BL… 3980-136366 501-1921-419.2816 105.49 03/14/2024 102674 PRIDE INDUSTRIES FEB 2024 LABOR 225 HRS - B… ARI/21302650 101-6040-454.2104 240045 5,175.00 03/14/2024 102675 R.S. HUGHES CO., INC. XL GLOVES BOX - SEWER DIVI…80878013-00 601-5060-436.3002 240114 158.68 03/14/2024 102676 RHONDA SMITH REFUND - ALARM FEE PAID … INV02810 101-0000-324.7301 35.00 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 170 PA… 0002 6464 5267 4 03/06/24 101-1910-419.2701 387.10 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 1068 E… 0006 4675 3193 8 03/05/24 101-5010-431.2701 7.42 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 186 PA… 0008 2432 9204 1 03/06/24 101-5010-431.2701 419.62 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 755 DE… 0020 2498 4701 7 03/05/24 601-5060-436.2701 128.49 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 0020 8169 2339 9 03/04/24 101-6010-451.2701 10.00 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 266 PA… 0020 8384 7903 2 03/06/24 101-6020-452.2701 23.16 03/14/2024 102677 SDGE 02/01/24-02/29/24 - PALM B…0027 4196 9935 9 03/06/24 101-5010-431.2701 320.51 03/14/2024 102677 SDGE 02/01/24-02/29/24 - PALM/… 0028 1987 1631 5 03/06/24 101-5010-431.2701 2,551.58 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 900 9TH…0030 6284 3371 9 03/05/24 101-5010-431.2701 16.07 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 852 SE… 0032 8021 3142 4 03/06/24 601-5060-436.2701 16.80 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 111 PA… 0035 1619 2790 2 03/06/24 101-5010-431.2701 195.15 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 1298 G… 0037 3630 3079 0 03/05/24 101-5010-431.2701 22.34 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 170 PA… 0049 3035 3196 9 03/04/24 101-1910-419.2701 11.51 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 585 IB … 0051 5327 2671 7 03/05/24 101-5010-431.2701 18.24 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 120 EL… 0054 5795 0654 7 03/06/24 101-5010-431.2701 137.10 03/14/2024 102677 SDGE 01/30/24-02/28/24 - 1025 9… 0087 7382 3642 4 03/05/24 601-5060-436.2701 1,678.94 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 100 1/2…0094 7600 1698 9 03/06/24 101-5010-431.2701 791.79 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0097 9290 6 03/06/24 101-6020-452.2701 570.39 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0097 9893 7 03/06/24 101-6020-452.2701 691.67 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0097 9997 6 03/06/24 101-6020-452.2701 745.95 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0098 0282 0 03/06/24 101-6010-451.2701 185.63 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0098 0485 9 03/06/24 101-6020-452.2701 838.53 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 427 IB … 2100 0098 0734 0 03/06/24 101-6020-452.2701 191.37 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0098 1218 3 03/06/24 101-6010-451.2701 183.23 03/14/2024 102677 SDGE 01/31/24-02/29/24 - 425 IB … 2100 0098 1222 5 03/06/24 101-6010-451.2701 38.20 03/14/2024 102678 SEMITORR GROUP, LLC. HOA SWITCH - PS 1B 5601885 601-5060-436.5004 240177 667.68 03/14/2024 102678 SEMITORR GROUP, LLC. FLANGE 8" ELBOW 5602192 601-5060-436.2801 240040 1,808.52 03/14/2024 102680 SOLANA CENTER FOR ENVIR… FEB 2024 SB 1383 SUPPORT … 40-42-2-24 214-5040-434.2904 240060 5,411.25 03/14/2024 102681 SOUTHWESTERN COLLEGE FEB 2024 TEMP STAFFING - … 7-MR 101-1210-413.2101 451.91 03/14/2024 102682 STC TRAFFIC, INC. JAN 2024 - PW TE SRVCS (24-…6809 101-0000-221.0102 655.00 03/14/2024 102682 STC TRAFFIC, INC. JAN 2024 - PW TE SRVCS (23-…6809 101-0000-221.0102 1,260.00 03/14/2024 102682 STC TRAFFIC, INC. JAN 2024 - PW TE SRVCS (22-…6809 101-0000-221.0102 405.00 03/14/2024 102683 TRUE NORTH COMPLIANCE S…JAN 2024 BLDG OFFICIAL SR… 24-01-01-028 101-3040-424.2006 9,915.00 03/14/2024 102684 ULINE, INC. HAND SOAP(12),MAT(3),SPR… 175123339 101-1910-419.3002 493.63 03/14/2024 102685 VERDUGO TESTING INC, CO PREVENTIVE MAINT. TESTING 44790 501-1921-419.2813 750.00

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 3 of 10
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/14/2024 102686 WEST COAST ARBORISTS 02/16/24-02/29/24 - VETS S… 211529 101-6020-452.2104 16,214.00 03/21/2024 102687 A. PREMAN ROOFING, INC. RETENTION - ROOF REPLAC… 19436 214-0000-202.0000 5,409.00 03/21/2024 102688 ABTECH TECHNOLOGIES DESKTOP MONITORS (16) 2403004-IN 503-1923-419.3022 240192 3,629.43 03/21/2024 102689 ADVANCED IMAGING SOLUT… 11/20/23-02/19/24 USAGE 36015067 101-1920-419.2017 970.34 03/21/2024 102689 ADVANCED IMAGING SOLUT… 01/20/24-02/19/24-LEASE 36015067 101-1920-419.2017 2,752.96 03/21/2024 102690 ALL PHASE DRYWALL DEVEL… REFUND - PERMIT PAID AFTE… 00015521 101-0000-371.8303 495.88 03/21/2024 102691 AT&T 01/20/24-02/19/24 UNKNO… 21296943 503-1923-419.2704 35.59 03/21/2024 102691 AT&T 02/15/24-03/14/24 CITY MA… 21422526 503-1923-419.2704 49.05 03/21/2024 102691 AT&T 02/15/24-03/14/24 PUMP S… 21422529 503-1923-419.2704 281.44 03/21/2024 102691 AT&T 02/15/24-03/14/24 CITY OF I…21422530 503-1923-419.2704 29.35 03/21/2024 102691 AT&T 02/15/24-03/14/24 SENIOR … 21422534 503-1923-419.2704 30.20 03/21/2024 102691 AT&T 02/15/24-03/14/24 ACCTS P… 21422724 503-1923-419.2704 1.66 03/21/2024 102691 AT&T 02/15/24-03/14/24 LIFEGU… 21422736 503-1923-419.2704 39.03 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/07/24-03/06/24 - 814 CY… 1015-210018820255 03/08/… 101-6020-452.2702 35.84 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/07/24-03/06/24 - 495 10… 1015-210019058534 03/08/… 101-1910-419.2702 270.30 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/07/24-03/06/24 - 630 FL… 1015-210019176067 03/13/… 101-1910-419.2702 151.78 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/07/24-03/06/24 - 624 FL… 1015-210019176128 03/08/… 101-1910-419.2702 30.90 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/14/24-03/12/24 - 1001 IR…1015-210019176333 03/15/… 101-1910-419.2702 20.39 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/27/24-03/06/24 - 1250 P… 1015-210019179080 03/08/… 101-6010-451.2702 126.93 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 825 IM… 1015-210019335484 03/14/… 101-1910-419.2702 265.99 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 855 IM… 1015-210019335682 03/14/… 101-6020-452.2702 52.44 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 865 IM… 1015-210019335774 03/14/… 101-1910-419.2702 356.93 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 915 IB … 1015-210019335835 03/14/… 101-6020-452.2702 118.74 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 1025 9… 1015-210019401916 03/14/… 101-6020-452.2702 20.39 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/06/24-03/05/24 - HY MT … 1015-210019512885 03/07/… 101-6020-452.2702 377.10 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/14/24-03/13/24 - 942 D… 1015-210019746893 03/15/… 101-6020-452.2702 20.39 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 711 EN… 1015-210020277854 03/14/… 101-6020-452.2702 48.24 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/10/24-03/11/24 - 701 5TH…1015-210020731235 03/13/… 101-6020-452.2702 20.39 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/10/24-03/11/24 - 425 IM… 1015-210021068268 03/13/… 101-1910-419.2702 153.18 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/10/24-03/11/24 - 423 IB … 1015-210021068541 03/13/… 601-5060-436.2702 150.39 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/13/24-03/12/24 - 845 EN… 1015-210021082448 03/14/… 101-6020-452.2702 191.62 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/10/24-03/11/24 - 710 5TH…1015-220018914676 03/13/… 101-1910-419.2702 48.24 03/21/2024 102692 CALIFORNIA AMERICAN WAT…02/10/24-03/11/24 - 582 IB … 1015-220030150199 03/13/… 101-6020-452.2702 48.24 03/21/2024 102693 CHULA VISTA ALARM, INC MAR 2024 REC CTR - 425 IB B…71258 101-1910-419.2023 240026 39.95 03/21/2024 102693 CHULA VISTA ALARM, INC MAR 2024 COMM CTR - 1075…71268 101-1910-419.2023 240026 30.00 03/21/2024 102693 CHULA VISTA ALARM, INC MAR 2024 VETERANS PARK R…71269 101-1910-419.2023 240026 45.00 03/21/2024 102693 CHULA VISTA ALARM, INC 02/27/24 PW REAR BLDGS - … 71496 101-1910-419.2023 240026 298.38 03/21/2024 102694 CINTAS CORPORATION 03/05/24 FACILITIES MATS 4185387379 101-1910-419.2006 240042 33.99 03/21/2024 102694 CINTAS CORPORATION 03/05/24 PW UNIFORMS 4185387618 101-5020-432.2503 331.97 03/21/2024 102694 CINTAS CORPORATION 03/12/24 FACILITIES MATS 4186111058 101-1910-419.2006 240042 33.99 03/21/2024 102694 CINTAS CORPORATION 03/12/24 PW UNIFORMS 4186111252 101-5020-432.2503 331.97 03/21/2024 102694 CINTAS CORPORATION 03/19/24 PW UNIFORMS 4186822981 101-5020-432.2503 331.97 03/21/2024 102695 COUNTY OF SAN DIEGO JAN 2024 DOCUMENT RECO… 202400121 101-1230-413.2904 8.00 03/21/2024 102696 COX COMMUNICATIONS 03/09/24-04/08/24 - 1075 8… 03-09-2024 0302 503-1923-419.2104 100.00

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 4 of 10
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/21/2024 102697 DANIEL HOLIAN REIMBURSE ASSOCIATE'S DE… 03-12-2024 101-1130-412.2901 491.00 03/21/2024 102698 DEPARTMENT OF JUSTICE FEB 2024 EMPLOYEE FINGER… 719358 101-1130-412.2006 98.00 03/21/2024 102699 GABRIELA NEWTON REFUND - ROCK IT RUN CLUB…66802751 101-0000-344.7721 30.90 03/21/2024 102700 GO-STAFF, INC. WE 03/10/24 PARKS TEMP J … 316975 101-6020-452.2101 240191 1,293.36 03/21/2024 102701 GOVERNMENT TRAINING AG… SUPERVISOR ACADEMY REGI… 72937 502-1922-419.2904 575.00 03/21/2024 102701 GOVERNMENT TRAINING AG… SUPERVISOR ACADEMY REGI… 72941 502-1922-419.2904 575.00 03/21/2024 102701 GOVERNMENT TRAINING AG… SUPERVISOR ACADEMY REGI… 72955 502-1922-419.2904 575.00 03/21/2024 102701 GOVERNMENT TRAINING AG… SUPERVISOR ACADEMY REGI… 72956 502-1922-419.2904 575.00 03/21/2024 102701 GOVERNMENT TRAINING AG… SUPERVISOR ACADEMY REGI… 72957 502-1922-419.2904 575.00 03/21/2024 102702 HINDERLITER, DE LLAMAS & … JAN 2024 - CANNABIS MNG… SIN035552 101-0000-322.7307 737.50 03/21/2024 102702 HINDERLITER, DE LLAMAS & … Q3/2023 (JAN-MAR 2024) - … SIN036481 101-1210-413.2006 1,350.00 03/21/2024 102702 HINDERLITER, DE LLAMAS & … Q3/2023 (JAN-MAR 2024) - … SIN036481 101-1210-413.2006 48.19 03/21/2024 102702 HINDERLITER, DE LLAMAS & … Q3/2023 (JAN-MAR 2024) - T…SIN036695 101-1210-413.2006 600.00 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…NEW FAUCET REPAIR, SANDI… 1016806 101-1910-419.2801 92.13 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…NUTS AND BOLTS FOR STOCK …10222 101-1910-419.3002 6.18 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…LYSOL CLEANER, SIMPLE GRE… 1293847 101-3020-422.3002 127.53 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SHOP REPAIR - J. PEREZ 1372760 501-1921-419.2801 91.31 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…ELECTRICAL SUPPLIES - D. C… 1524971 101-1910-419.3002 5.24 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SPRAY PAINT FOR TILT TRAIL… 1524978 101-5010-431.3002 41.89 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…PPE, CLEANING SUPPLIES - A.…1541062 101-6040-454.3002 158.35 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…ELECTRICAL AND PLUMBING …21109 501-1921-419.2801 151.43 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…REPAIR SHOP PARTS - J. PER… 3016584 501-1921-419.2801 436.87 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…FLEET SHOP PAINT - A. RODR…3016585 501-1921-419.3002 515.56 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…MINI CUTTERS, LAMP CORD -…3520846 101-6040-454.3002 35.05 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…EAR MUFF, EDGE BLADES - K.…3543384 101-1910-419.3002 66.73 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…WIRE AND WIRE STOCK - D. … 4016481 101-1910-419.3002 122.84 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…GRAFFITI PAINT/SUPPLIES - … 4017602 101-5010-431.3002 494.13 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…USED SHOP AIRLINES - J. PE… 4021669 501-1921-419.2801 106.58 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…FIRE EXTINGUISHER BRACKET…4542051 501-1921-419.2816 44.15 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…PAINT - H. MARTINEZ 4543267 601-5060-436.3002 43.01 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SM OFFICE BLACKOUT - D. C… 4974109 101-1910-419.2801 593.40 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…LED OFFICE LIGHTS (SEWER) -…5015434A 101-1910-419.2801 327.39 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…GLOVES - D. COLAHAN 5015434B 101-6020-452.3002 16.34 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…TOOL BOX,DRILL ATTACHME… 5022730 601-5060-436.3002 495.57 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SPRAY BOTTLES, RUST REFO… 5022731 601-5060-436.3002 278.87 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…MINI EXCAVATOR TRAILER - … 522536 101-5010-431.3002 55.84 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…HOSE FITTING TRUCK 625, T… 5524488 101-5010-431.3002 61.27 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…TOOLS - A. REYES 5530042 101-6040-454.3002 38.74 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…FLEET SHOP PRIMER PAINT -… 5544598 501-1921-419.3002 317.03 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…BATTERIES,BAR/CHAIN OIL F… 5973982 101-6016-451.3002 135.73 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SEVER ROOM LEAK PROTECT… 6017404 101-1910-419.2801 44.46 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…ELECTRICAL AND AIR PLUMB… 6020495 501-1921-419.2801 663.64 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…TIE DOWN STRAP, WHEELS, … 6383721 101-5010-431.3002 80.72 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…WORK LIGHT, TRIPOD - H. M…6513048 601-5060-436.3002 306.89

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Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…STAIN/STRAPS FOR MINI EXC… 6531818 101-5010-431.3002 81.42 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…ELECTRICAL BOX AND ADAPT…7015177 101-6020-452.2801 9.92 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…ROTARY HAMMER, DRILL BIT …7043369 601-5060-436.3022 684.13 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…QUICKSET CONCRETE AND B… 8020218 101-6020-452.2801 41.56 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…DUST MASKS, SCRAPER - M. …8513916 101-5010-431.3002 50.60 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…PAINT SUPPLIES - G. GLORIA 8541442 101-6040-454.3002 235.91 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SCOURPAD,GYM TILE(3),SCR… 8970203 101-3030-423.3002 134.67 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…BUCKETS (2) FOR MATERIAL … 9513760 101-6016-451.3002 9.65 03/21/2024 102703 HOME DEPOT CREDIT SERVIC…SOCKETS, CAULKING - A. HE… 9532580 101-6040-454.3002 29.14 03/21/2024 102705 HOOP BUS INC HOOPBUS - BASKETBALL EVE… 255 214-6010-451.2808 5,500.00 03/21/2024 102706 KPA SERVICES LLC. MAR 2024 EHS PRO INV587662 502-1922-419.2006 240061 687.96 03/21/2024 102707 LLOYD PEST CONTROL 03/08/24 - 950 OCEAN LN #1…8394239 101-1910-419.2022 240028 65.00 03/21/2024 102707 LLOYD PEST CONTROL 03/08/24 - 1075 8TH ST #11… 8395032 101-1910-419.2022 240028 58.00 03/21/2024 102707 LLOYD PEST CONTROL 03/14/24 - 825 IB BLVD #112… 8399700 101-1910-419.2022 240028 39.00 03/21/2024 102707 LLOYD PEST CONTROL 03/14/24 - 845 IB BLVD #112… 8399706 101-1910-419.2022 240028 39.00 03/21/2024 102707 LLOYD PEST CONTROL 03/14/24 - 865 IB BLVD #112… 8399711 101-1910-419.2022 240028 44.00 03/21/2024 102708 MAINTEX, INC. TOWELS ROLL (4CS) - FD 1068808-00 101-3020-422.3002 575.36 03/21/2024 102709 MCA DIRECT LLC 2024 ELECTION SRVCS 2024042B 101-1020-411.2106 1,000.00 03/21/2024 102710 MUNICIPAL EMERGENCY SE… SCBA FIT TEST & FIT TEST MA…IN2012683 101-3020-422.2104 190.00 03/21/2024 102711 ODP BUSINESS SOLUTIONS, L…BINDERS (6), MAGAZINE HO… 355201547001 101-6030-453.3001 147.69 03/21/2024 102711 ODP BUSINESS SOLUTIONS, L…BROCHURE HOLDERS (3) - PR…355207168001 101-6030-453.3001 190.82 03/21/2024 102712 PARS JAN 2024 ARS-PARS FEES (CA) 55070 101-1130-412.2006 240083 590.97 03/21/2024 102713 PROTECTION ONE ALARM M… MAR 2024 - PUMP STATIONS…154000500 601-5060-436.2023 240014 426.74 03/21/2024 102714 PUBLIC AGENCY RISK MANA… PUBLIC ENTITY MEMBERSHIP…1757 502-1922-419.2812 300.00 03/21/2024 102715 RAECORE, INC. FIREWALL UPDATES - CITY H… 2689 503-1923-419.2006 300.00 03/21/2024 102716 ROBERT HALF TECHNOLOGY WE 02/23/24 IT TEMP. P GA… 63269453 503-1923-419.2101 1,680.00 03/21/2024 102716 ROBERT HALF TECHNOLOGY WE 03/01/24 IT TEMP. P GA… 63292144 503-1923-419.2101 2,100.00 03/21/2024 102716 ROBERT HALF TECHNOLOGY WE 03/08/24 IT TEMP. P GA… 63323613 503-1923-419.2101 1,260.00 03/21/2024 102716 ROBERT HALF TECHNOLOGY WE 03/15/24 IT TEMP. P GA… 63352949 503-1923-419.2101 2,100.00 03/21/2024 102717 SAN DIEGO COUNTY SHERIFF JAN 2024 SHERIFF SRVCS - (T… 01-01-2024 101-0000-338.6003 -1,106.91 03/21/2024 102717 SAN DIEGO COUNTY SHERIFF JAN 2024 SHERIFF SRVCS - (R… 01-01-2024 101-3010-421.2006 1,649.20 03/21/2024 102717 SAN DIEGO COUNTY SHERIFF JAN 2024 SHERIFF SRVCS 01-01-2024 101-3010-421.2006 683,563.77 03/21/2024 102717 SAN DIEGO COUNTY SHERIFF JAN 2024 SHERIFF SRVCS - (C… 01-01-2024 212-3036-421.2006 16,116.90 03/21/2024 102718 SAN DIEGO GAS & ELECTRIC FEB 2024 - 0056 4977 1474 9 …03-08-2024 101-1910-419.2701 6,727.76 03/21/2024 102718 SAN DIEGO GAS & ELECTRIC FEB 2024 - 0056 4977 1474 9 …03-08-2024 101-5010-431.2701 24,743.09 03/21/2024 102718 SAN DIEGO GAS & ELECTRIC FEB 2024 - 0056 4977 1474 9 …03-08-2024 101-6020-452.2701 1,091.97 03/21/2024 102718 SAN DIEGO GAS & ELECTRIC FEB 2024 - 0056 4977 1474 9 …03-08-2024 601-5060-436.2701 3,777.42 03/21/2024 102719 SHARP REES-STEALY MEDICAL…FEB 2024 DMV EXAM 390220147 501-1921-419.2813 122.00 03/21/2024 102720 SITEONE LANDSCAPE SUPPLY,…STOKE OIL (6), ROUND TRIM… 138956613-001 101-6040-454.3002 240037 84.48 03/21/2024 102721 SOUTH COUNTY ECONOMIC FY24 ANNUAL MEMBERSHIP 32-23 101-1110-412.2812 3,500.00 03/21/2024 102722 SOUTHLAND WATER TECHN… MISSION COMM CIRCUIT BO… 031424-125 601-5060-436.2023 240189 441.00 03/21/2024 102723 SOUTHWEST SIGNAL DEC 2023 - SRVC CALL - CABI… 83053 101-5010-431.2123 930.05 03/21/2024 102723 SOUTHWEST SIGNAL JAN 2024 - SIGNAL MAINT. 83138 101-5010-431.2104 720.00 03/21/2024 102723 SOUTHWEST SIGNAL JAN 2024 SRVC CALLS - 210C …83139 101-5010-431.2123 1,732.02

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 6 of 10
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 03/21/2024 102724 SOUTHWESTERN COLLEGE FEB 2024 TEMP STAFFING - S… 7-SA 503-1923-419.2101 527.93 03/21/2024 102725 THE SHERWIN-WILLIAMS CO LIGHT POLE REPAIRS - SEAEC… 2605-6 101-5010-431.3002 83.70 03/21/2024 102726 TOTAL COMPENSATION SYST…GASB 75 FULL VALUATION - … 12871 101-1210-413.2006 2,340.00 03/21/2024 102727 TRUE NORTH COMPLIANCE S…FEB 2024 - BLDG OFFICIAL/IN…24-02-01-028 101-3040-424.2006 11,865.00 03/21/2024 102728 UNDERGROUND SERVICE AL… FEB 2024 NEW TICKET CHAR… 220240338 601-5060-436.2023 240015 69.50 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 CITY COU… 9958628617 101-1010-411.2705 442.88 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 CITY CLERK 9958628617 101-1020-411.2705 63.04 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-1110-412.2705 23.59 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 HUMAN R…9958628617 101-1130-412.2705 46.19 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 FINANCE 9958628617 101-1210-413.2705 62.31 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-1210-413.2705 23.59 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-1230-413.2705 23.59 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 COMM D… 9958628617 101-1230-413.2705 104.88 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 FACILITIES 9958628617 101-1910-419.2705 246.15 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NON DEPT…9958628617 101-1920-419.2705 228.06 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 FIRE 9958628617 101-3020-422.2705 169.05 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-3020-422.2705 47.18 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-3030-423.2705 23.59 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 LIFEGUAR… 9958628617 101-3030-423.2705 305.81 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 BUILDING 9958628617 101-3040-424.2705 103.28 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 HOUSING 9958628617 101-3040-424.2705 41.53 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 CODE 9958628617 101-3070-427.2705 95.00 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 STREETS 9958628617 101-5010-431.2705 213.86 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 PUBLIC W… 9958628617 101-5020-432.2705 174.74 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 101-5020-432.2705 41.53 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 ENV SERV… 9958628617 101-5050-435.2705 24.89 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 RANGER 9958628617 101-6010-451.2705 24.87 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 RECREATI… 9958628617 101-6010-451.2705 277.07 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 PARKS AN… 9958628617 101-6010-451.2705 41.53 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 PARKS 9958628617 101-6020-452.2705 168.58 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 TIDELANDS 9958628617 101-6040-454.2705 180.42 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 FLEET 9958628617 501-1921-419.2705 27.11 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 NO COST … 9958628617 503-1923-419.2705 133.50 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 INFO TECH 9958628617 503-1923-419.2705 72.81 03/21/2024 102729 VERIZON WIRELESS 02/09/24-3/08/24 SEWER 9958628617 601-5060-436.2705 313.45 03/21/2024 102730 VINYARD DOORS, INC. ROLL UP DOOR - FLEET DIVIS… 108667 101-1910-419.2104 240184 11,095.20 03/21/2024 102731 WESTERN RIM CONSTRUCTO…THRU FEB 2024 - VET PARK … 04 214-0000-202.0000 5,051.90 03/21/2024 102731 WESTERN RIM CONSTRUCTO…THRU FEB 2024 - VET PARK … 04 214-5000-532.2006 240107 128,590.17 03/21/2024 102732 WHITE CAP CONSTRUCTION … LIGHT POLE REPAIRS - SEAC… 10019641783 101-5010-431.3002 119.20 03/21/2024 102732 WHITE CAP CONSTRUCTION … SURVEY VESTS - STREET DIV 50025039816 101-5010-431.3002 253.97 03/21/2024 102732 WHITE CAP CONSTRUCTION … DAISY SIDEWALK 50025069778 101-5010-431.3002 295.71 03/21/2024 102732 WHITE CAP CONSTRUCTION … WHEEL STOPS 50025727609 101-5010-431.3002 16.08 Grand Total: 1,188,681.98

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 7 of 10
Report Summary
Fund Summary
Fund Payment Amount
101 - GENERAL FUND 823,914.95
212 - SLESF (COPS) FUND 16,116.90
214 - MISCELLANEOUS GRANTS 219,963.56
401 - CAPITAL IMPROVEMENT FUND 49,067.50
501 - VEHICLE REPLACEMENT/MAINT 4,870.52
502 - RISK MANAGEMENT FUND 4,737.96
503 - TECHNOLOGY/COMMUNICATIONS 12,679.83
601 - SEWER ENTERPRISE FUND 57,330.76
Grand Total: 1,188,681.98
Account Summary
Account Number Account Name Payment Amount
101-0000-221.0102 DEVELOPER DEPOSITS 5,853.19
101-0000-322.7307 CANNABIS REGULATORY… 737.50
101-0000-324.7301 MISCELLANEOUS PERMI… 35.00
101-0000-338.6003 VEHICLE IMPOUND FEE -1,106.91
101-0000-344.7721 SPORTS REGISTRATION -… 30.90
101-0000-371.8303 MISCELLANEOUS REVEN… 495.88
101-1010-411.2705 UTILITIES-CELL PHONES 442.88
101-1020-411.2106 CONTRACTS-ELECTIONS 1,000.00
101-1020-411.2705 UTILITIES-CELL PHONES 63.04
101-1110-412.2705 UTILITIES-CELL PHONES 23.59
101-1110-412.2812 MEMBERSHIP DUES 3,500.00
101-1130-412.2006 PROFESSIONAL SERVICES 1,008.97
101-1130-412.2705 UTILITIES-CELL PHONES 46.19
101-1130-412.2901 TRAINING & EDUCATION… 491.00
101-1130-412.3001 OFFICE SUPPLIES 54.90
101-1210-413.2006 PROFESSIONAL SERVICES 4,338.19
101-1210-413.2101 TEMPORARY STAFFING 451.91
101-1210-413.2705 UTILITIES-CELL PHONES 85.90
101-1230-413.2705 UTILITIES-CELL PHONES 128.47
101-1230-413.2904 OTHER SERVICES & CHA… 8.00
101-1910-419.2006 PROFESSIONAL SERVICES 67.98
101-1910-419.2022 PEST CONTROL SERVICE 245.00
101-1910-419.2023 SECURITY & ALARM 413.33
101-1910-419.2104 TECHNICAL SERVICES 11,095.20
101-1910-419.2701 GAS & ELECTRIC (SDG&E) 7,126.37
101-1910-419.2702 UTILITIES-WATER 1,762.41
101-1910-419.2705 UTILITIES-CELL PHONES 246.15
101-1910-419.2801 MAINTENANCE & REPAIR 1,057.38

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 8 of 10
Account Summary
Account Number Account Name Payment Amount
101-1910-419.3002 OPERATING SUPPLIES 694.62
101-1920-419.2017 COPIER LEASES 3,723.30
101-1920-419.2705 UTILITIES-CELL PHONES 228.06
101-3010-421.2006 PROFESSIONAL SERVICES 685,212.97
101-3020-422.2104 TECHNICAL SERVICES 190.00
101-3020-422.2705 UTILITIES-CELL PHONES 216.23
101-3020-422.3002 OPERATING SUPPLIES 702.89
101-3030-423.2705 UTILITIES-CELL PHONES 329.40
101-3030-423.3002 OPERATING SUPPLIES 134.67
101-3040-424.2006 PROFESSIONAL SERVICES 21,780.00
101-3040-424.2705 UTILITIES-CELL PHONES 144.81
101-3070-427.2705 UTILITIES-CELL PHONES 95.00
101-5010-431.2104 TECHNICAL SERVICES 720.00
101-5010-431.2123 TRAFFIC CONTROL 2,662.07
101-5010-431.2701 GAS & ELECTRIC (SDG&E) 29,222.91
101-5010-431.2705 UTILITIES-CELL PHONES 213.86
101-5010-431.3002 OPERATING SUPPLIES 1,634.53
101-5020-432.1108 MGT MEDICAL REIMBUR… 420.00
101-5020-432.2503 RENT-UNIFORMS 995.91
101-5020-432.2705 UTILITIES-CELL PHONES 216.27
101-5040-434.2104 TECHNICAL SERVICES 1,332.66
101-5050-435.2705 UTILITIES-CELL PHONES 24.89
101-6010-451.2701 GAS & ELECTRIC (SDG&E) 417.06
101-6010-451.2702 UTILITIES-WATER 454.66
101-6010-451.2705 UTILITIES-CELL PHONES 343.47
101-6016-451.3002 OPERATING SUPPLIES 145.38
101-6020-452.2101 TEMPORARY STAFFING 2,586.72
101-6020-452.2104 TECHNICAL SERVICES 16,214.00
101-6020-452.2701 GAS & ELECTRIC (SDG&E) 4,153.04
101-6020-452.2702 UTILITIES-WATER 2,028.41
101-6020-452.2705 UTILITIES-CELL PHONES 168.58
101-6020-452.2801 MAINTENANCE & REPAIR 51.48
101-6020-452.3002 OPERATING SUPPLIES 479.08
101-6030-453.3001 OFFICE SUPPLIES 338.51
101-6040-454.2104 TECHNICAL SERVICES 5,175.00
101-6040-454.2705 UTILITIES-CELL PHONES 180.42
101-6040-454.3002 OPERATING SUPPLIES 581.67
212-3036-421.2006 PROFESSIONAL SERVICES 16,116.90
214-0000-202.0000 CONTRACT RETENTION … 10,460.90
214-5000-532.2006 PROFESSIONAL SERVICES 128,590.17
214-5040-434.2904 OTHER SERVICES & CHA… 5,411.25
214-5050-435.2006 PROFESSIONAL SERVICES 70,001.24

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 9 of 10
Account Summary
Account Number Account Name Payment Amount
214-6010-451.2808 COMMUNITY PROGRAMS 5,500.00
401-0000-202.0000 CONTRACT RETENTION … -2,582.50
401-1910-532.2006 PROFESSIONAL SERVICES 51,650.00
501-1921-419.2705 UTILITIES-CELL PHONES 27.11
501-1921-419.2801 MAINTENANCE & REPAIR 1,449.83
501-1921-419.2813 FEES & LICENSES 1,524.49
501-1921-419.2816 VEHICLE OPERATE-PARTS… 1,036.50
501-1921-419.3002 OPERATING SUPPLIES 832.59
502-1922-419.2006 PROFESSIONAL SERVICES 687.96
502-1922-419.2812 MEMBERSHIP DUES 300.00
502-1922-419.2904 OTHER SERVICES & CHA… 3,750.00
503-1923-419.2006 PROFESSIONAL SERVICES 300.00
503-1923-419.2101 TEMPORARY STAFFING 7,667.93
503-1923-419.2104 TECHNICAL SERVICES 409.84
503-1923-419.2704 UTILITIES-TELEPHONE 466.32
503-1923-419.2705 UTILITIES-CELL PHONES 206.31
503-1923-419.3022 SMALL TOOLS/NON-CAP… 3,629.43
601-5060-436.2023 SECURITY & ALARM 937.24
601-5060-436.2104 TECHNICAL SERVICES 866.00
601-5060-436.2701 GAS & ELECTRIC (SDG&E) 5,601.65
601-5060-436.2702 UTILITIES-WATER 393.07
601-5060-436.2705 UTILITIES-CELL PHONES 313.45
601-5060-436.2801 MAINTENANCE & REPAIR 1,808.52
601-5060-436.3002 OPERATING SUPPLIES 1,283.02
601-5060-436.3022 SMALL TOOLS/NON-CAP… 684.13
601-5060-436.5004 EQUIPMENT 667.68
601-5060-536.2006 PROFESSIONAL SERVICES 44,776.00
Grand Total: 1,188,681.98
Project Account Summary
Project Account Key Payment Amount
**None** 876,162.63
22-0077-DEP 231.49
22-0095-DEP 1,000.00
22-0119-DEP 405.00
23-0007-DEP 508.47
23-0019-DEP 1,793.23
23-0066-DEP 1,260.00
24-0001-DEP 655.00
F24101-P 51,650.00
GRT071-EXP 5,411.25

Expense Approval Report Payment Dates: 3/9/2024 - 3/22/2024 3/22/2024 10:59:15 AM Page 10 of 10
Project Account Summary
Project Account Key Payment Amount
GRT072-EXP 5,500.00
GRT076-P 70,001.24
P22102-ARPA 128,590.17
SP22105-EXP 737.50
W23101-P 44,776.00
Grand Total: 1,188,681.98

P a g e | 1
April 3, 2024
ITEM TITLE: RECEIVE TREASURER’S REPORT FOR FEBRUARY 2024 (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), a section 115 trust fund, 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 February 2024 Treasurer's Report.

OPTIONS:
 Receive and file the February 2024 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;

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.

P a g e | 2
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), a section 115 trust fund, and tax allocation reserve bonds.

As of the month ending February 29, 2024, the total market value of the City’s investment portfolio equals $38,977,866.13. The attached Treasurer's Report provides a statement of cash flows and cash and investments description.

ATTACHMENTS:

ATT 1 - 2024.02 Treasurer’s Report
ATT 2 - 2024.02 Chandler Statement
ATT 3 - 2024.02 LAIF Statement

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
February 29, 2024
ATTACHMENT 1
Beginning
Balance Total Activity Ending Balance

GENERAL FUND
101 ‐ GENERAL FUND 17,012,626.67                  96,646.09 $    17,109,272.76 103 ‐ M&A DA FUND 1,497,429.27                                ‐          1,497,429.27 105 ‐ PEG FUND 46,989.19                            7,359.10               54,348.29 18,661,050.32

OTHER GOVERNMENT FUNDS
201 ‐ GAS TAX FUND 392,940.23                        57,545.09             450,485.32 202 ‐ PROP "A" (TRANSNET) FUND 39,065.27                           (2,703.86)               36,361.41 207 ‐ ROAD MTCE & REHAB (RMRA) 1,484,931.19                    51,336.26          1,536,267.45 210 ‐ CDBG‐FEDERAL ASSISTANCE                         ‐                         ‐                           ‐ 212 ‐ SLESF (COPS) FUND 46,574.44                           (6,116.90)               40,457.54 214 ‐ MISCELLANEOUS GRANTS FUND 3,622,686.34                (223,495.67)          3,399,190.67 401 ‐ CAPITAL IMPROVEMENT FUND 939,968.69                       (92,748.52)             847,220.17 420 ‐ PARKS MAJOR MAINTENANCE CIP 666,022.44                       (34,723.15)             631,299.29 6,941,281.85

HOUSING AUTHORITY
216 ‐ HOUSING AUTHORITY 858,967.35                                    ‐             858,967.35 858,967.35

SUCCESSOR AGENCY
301 ‐ SA DEBT SERVICE FUND                         ‐                         ‐                           ‐ 303 ‐ REDEV OBLIG RETIRE FUND       2,055,212.83            (16,241.36)          2,038,971.47 408 ‐ RDA BOND (2003 TAB)‐S/A                         ‐                         ‐                           ‐ 409 ‐ RDA BOND  (2010 TAB)‐S/A                         ‐                         ‐                           ‐ 2,038,971.47

INTERNAL SERVICES
501 ‐ VEHICLE REPLACEMENT/MAINT 879,079.03                       (48,971.51)             830,107.52 502 ‐ RISK MANAGEMENT FUND 1,281,716.13                   (24,686.86)          1,257,029.27 503 ‐ TECHNOLOGY/COMMUNICATIONS 527,852.38                       (68,187.23)             459,665.15 504 ‐ FACILITY MAINT/REPLACEMENT 256,827.45                       (12,202.82)             244,624.63 2,791,426.57

SEWER FUND
601 ‐ SEWER ENTERPRISE FUND 6,882,988.76                (941,055.11)          5,941,933.65 5,941,933.65

AGENCY FUNDS
710 ‐ ASSESSMENT DIST. #62 FUND                         ‐                         ‐                           ‐ 715 ‐ ASSESSMENT DIST. #63 FUND 124,239.62                                    ‐             124,239.62 720 ‐ ASSESSMENT DIST. #64 FUND 31,665.24                                      ‐               31,665.24 725 ‐ ASSESSMENT DIST. #66 FUND 179,164.16                                    ‐             179,164.16 730 ‐ ASSESSMENT DIST. #68 FUND 106,445.37                                    ‐             106,445.37 735 ‐ ASSESSMENT DIST. #71 FUND 17,125.17                                      ‐               17,125.17 740 ‐ ASSESSMENT DIST. #72 FUND                         ‐                         ‐                           ‐ 458,639.56
GRAND TOTAL 37,692,270.77 $

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
February 29, 2024
ATTACHMENT 1

CASH DEPOSIT ACCOUNTS
Beginning
Balance Total Activity Ending Balance
Chase ‐ Checking (Operating) 2,675,944.33             (2,318,128.28) $          357,816.05 Chandler Investments 22,875,715.97                  59,881.83        22,935,597.80 LAIF 13,398,856.92            1,000,000.00        14,398,856.92 $    37,692,270.77
Operating Bank Reconciliation
General Ledger Balance 357,816.05
Outstanding Checks/Deposits/Adjustments $285,809.97
Statement Balance $643,626.02
Chandler Asset Management Reconciliation
General Ledger Balance 22,935,597.80
Interest/Market Value/Other Adjustments 784.27
Statement Balance $    22,936,382.07
LAIF Reconciliation
General Ledger Balance 14,398,856.92
Interest/Market Value/Other Adjustments                           ‐ Statement Balance $    14,398,856.92

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Cash and Investments
As of February 29, 2024
ATTACHMENT 1
Description Cost Value  Market Value
Interest/Yield
to Maturity Maturity Date
% of
Portfolio
Cash and Cash Equivalents
Chase Bank (statement balance) 643,626.02 $            $           643,626.02 0.000% n/a 1.65% LAIF 14,398,856.92                  14,305,885.39 4.122% n/a 36.94% Investments
Chandler Investments
Asset‐Backed Securities 1,207,548.63                      1,197,676.88 5.270% See Attached 3.10% Federal Agencies 4,348,877.00                      4,338,003.08 4.630% See Attached 11.16% Collater. Mortgage Obligation 1,750,934.78                      1,746,186.40 4.840% See Attached 4.49% Cash/ Receivable 784.23                                            784.23 0.000% See Attached 0.00% Commercial Paper 482,437.50                            496,839.00 5.290% See Attached 1.24% US Corporate 5,111,077.20                      5,078,590.20 5.100% See Attached 13.11% Money Market Funds 256,531.16                            256,531.16 4.910% See Attached 0.66% Negotiable CDs 499,965.18                            500,167.50 5.300% See Attached 1.28% Supranational 1,032,898.90                      1,026,228.46 4.840% See Attached 2.65% US Treasury           8,245,327.49           8,211,301.02 4.850% See Attached 21.15% Total Cash and Investments $     37,978,865.01 $     37,801,819.34 4.905% PARS Section 115 Trust Fund
Pension
Portfolio Balance 700,000.00 $            $           831,278.83 0.000% n/a 1.80% OPEB
Portfolio Balance 300,000.00 $            $           344,140.31 0.000% n/a 0.77% $        1,000,000.00 $        1,175,419.14
Bond Reserves
2020 Tax Allocation Revenue Bonds
Cash Management 625.01                                            627.65 0.000% n/a 0.00% 2022 Tax Allocation Revenue Bonds
Cash Management                              ‐ ‐                              0.000% n/a 0.00% Total Bond Reserves $                   625.01 $                   627.65 Total Investment Portfolio    $     38,979,490.02 $     38,977,866.13 100.00% PREPARED BY:

Signature on file
Lily Flyte, Finance Director
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.

MONTHLY ACCOUNT STATEMENT
City of Imperial Beach | Account | As of February 29, 2024/ŶĨŽƌŵĂƟŽŶĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶŝƐĐŽŶĮĚĞŶƟĂů͘tĞƵƌŐĞLJŽƵƚŽĐŽŵƉĂƌĞƚŚŝƐƐƚĂƚĞŵĞŶƚƚŽƚŚĞŽŶĞLJŽƵƌĞĐĞŝǀĞĨƌŽŵLJŽƵƌƋƵĂůŝĮĞĚĐƵƐƚŽĚŝĂŶ͘WůĞĂƐĞƐĞĞ/ŵƉŽƌƚĂŶƚŝƐĐůŽƐƵƌĞƐĂƚƚŚĞĞŶĚŽĨƚŚĞƐƚĂƚĞŵĞŶƚ͘CHANDLER ASSET MANAGEMENT | chandlerasset.com Custodian:US Bank
ATTACHMENT 2

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Top IssuersCredit Quality
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS ^ŝŶĐĞ/ŶĐĞƉƟŽŶ (08/01/13) City of Imperial Beach ;Ϭ͘ϮϲйͿ ϭ͘Ϯϳй Ϭ͘ϭϰй ϱ͘Ϯϳй ϭ͘ϱϳй Ϭ͘ϱϳй ϭ͘ϲϭй ϭ͘ϯϰй ϭ͘ϯϮйBenchmark Return* ;Ϭ͘ϰϭйͿ ϭ͘Ϭϵй ;Ϭ͘ϬϯйͿ ϰ͘Ϯϳй Ϭ͘ϳϯй ;Ϭ͘ϬϮйͿ ϭ͘Ϯϭй ϭ͘ϬϮй ϭ͘Ϭϭй ^ĞĐŽŶĚĂƌLJĞŶĐŚŵĂƌŬZĞƚƵƌŶΎ ;Ϭ͘ϯϳйͿ ϭ͘ϭϴй Ϭ͘Ϭϯй ϰ͘ϰϴй Ϭ͘ϴϴй Ϭ͘Ϭϴй ϭ͘ϯϰй ϭ͘ϭϳй ϭ͘ϭϲй ǀĞƌĂŐĞDŽĚŝĮĞĚƵƌĂƟŽŶ ϭ͘ϳϮǀĞƌĂŐĞŽƵƉŽŶ Ϯ͘ϴϬйǀĞƌĂŐĞWƵƌĐŚĂƐĞzdD ϯ͘ϳϱйǀĞƌĂŐĞDĂƌŬĞƚzdD ϰ͘ϵϬйǀĞƌĂŐĞYƵĂůŝƚLJ AAǀĞƌĂŐĞ&ŝŶĂůDĂƚƵƌŝƚLJ ϭ͘ϵϱǀĞƌĂŐĞ>ŝĨĞ ϭ͘ϴϳ Beg. Values as of
02/01/2024
End Values as of
02/29/2024
DĂƌŬĞƚsĂůƵĞ ϮϮ͕ϵϭϭ͕Ϯϵϲ͘ϲϮ ϮϮ͕ϴϱϮ͕ϯϬϳ͘ϵϯĐĐƌƵĞĚ/ŶƚĞƌĞƐƚ ϭϳϭ͕ϬϳϮ͘ϵϳ ϭϲϴ͕ϭϴϳ͘ϯϭTotal Market Value 23,082,369.59 23,020,495.24/ŶĐŽŵĞ ĂƌŶĞĚ ϳϵ͕Ϯϰϲ͘ϯϯ ϳϬ͕ϮϯϮ͘ϬϵŽŶƚͬt Ϭ͘ϬϬ Ϭ͘ϬϬWĂƌ Ϯϯ͕Ϯϳϵ͕ϭϯϱ͘ϲϯ Ϯϯ͕ϯϱϰ͕ϲϬϰ͘ϵϱŽŽŬsĂůƵĞ ϮϮ͕ϵϴϵ͕ϯϲϯ͘ϯϳ Ϯϯ͕Ϭϱϵ͕ϱϬϵ͘ϲϲŽƐƚsĂůƵĞ ϮϮ͕ϴϳϲ͕ϭϲϱ͘ϰϭ ϮϮ͕ϵϯϲ͕ϯϴϮ͘Ϭϳ hŶŝƚĞĚ^ƚĂƚĞƐ ϯϱ͘ϵϯй&ĞĚĞƌĂů,ŽŵĞ>ŽĂŶĂŶŬƐ ϭϱ͘ϯϴй&,>D ϳ͘ϲϰй&ĂƌŵƌĞĚŝƚ^LJƐƚĞŵ Ϯ͘ϱϳй tĞƐƚƉĂĐĂŶŬŝŶŐŽƌƉŽƌĂƟŽŶͲEĞǁzŽ Ϯ͘ϭϵйDŝƚƐƵďŝƐŚŝh&:&ŝŶĂŶĐŝĂů'ƌŽƵƉ͕/ŶĐ͘ Ϯ͘ϭϳй/ŶƚĞƌͲŵĞƌŝĐĂŶĞǀĞůŽƉŵĞŶƚĂŶŬ Ϯ͘ϬϭйĂŶŬŽĨŵĞƌŝĐĂŽƌƉŽƌĂƟŽŶ ϭ͘ϲϯй ΎWĞƌŝŽĚƐŽǀĞƌϭLJĞĂƌĂƌĞĂŶŶƵĂůŝnjĞĚ͘ĞŶĐŚŵĂƌŬ͗/
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WƌŽŚŝďŝƚĞĚ/ŶǀĞƐƚŵĞŶƚͲ&ŽƐƐŝů&ƵĞůƐ Ϭ͘Ϭ Ϭ͘Ϭ Compliant
^hWZEd/KE>K>/'d/KE^
DĂdžй;DsͿ ϯϬ͘Ϭ ϰ͘ϱ Compliant
DĂdžй/ƐƐƵĞƌ;DsͿ ϭϬ͘Ϭ Ϯ͘Ϭ CompliantDĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ 5 4 Compliant DŝŶZĂƟŶŐ;ͲďLJϭͿ Ϭ͘Ϭ Ϭ͘Ϭ Compliant
U.S. TREASURIES
DĂdžй;DsͿ ϭϬϬ͘Ϭ ϯϱ͘ϴ Compliant
DĂdžй/ƐƐƵĞƌ;DsͿ ϭϬϬ͘Ϭ ϯϱ͘ϴ CompliantDĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ 5 4 Compliant

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City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳRECONCILIATION SUMMARY Accrual Activity SummaryFair Market Activity Summary
Month to Date Fiscal Year to Date (07/01/2023)
ĞŐŝŶŶŝŶŐŽŽŬsĂůƵĞ ϮϮ͕ϵϴϵ͕ϯϲϯ͘ϯϳ ϮϮ͕ϲϲϭ͕ϯϱϴ͘ϭϰDĂƚƵƌŝƟĞƐͬĂůůƐ ;ϭϴϱ͕ϬϬϬ͘ϬϬͿ ;ϵ͕Ϭϱϱ͕ϬϬϬ͘ϬϬͿWƌŝŶĐŝƉĂůWĂLJĚŽǁŶƐ ;ϰϯ͕Ϭϭϯ͘ϵϵͿ ;ϰϯϳ͕ϳϲϱ͘ϴϲͿWƵƌĐŚĂƐĞƐ ϳϱϰ͕ϳϭϲ͘ϲϰ ϭϰ͕ϲϮϰ͕ϲϰϲ͘ϭϯSales ;ϰϳϯ͕Ϭϲϲ͘ϮϮͿ ;ϱ͕Ϭϱϯ͕Ϭϰϴ͘ϳϬͿŚĂŶŐĞŝŶĂƐŚ͕WĂLJĂďůĞƐ͕ZĞĐĞŝǀĂďůĞƐ ϯϯϰ͘ϴϱ ϭϱϬ͕Ϯϯϱ͘ϲϵŵŽƌƟnjĂƟŽŶͬĐĐƌĞƟŽŶ ϭϳ͕ϰϱϳ͘ϳϰ ϭϳϰ͕Ϭϰϰ͘ϭϬ ZĞĂůŝnjĞĚ'ĂŝŶ;>ŽƐƐͿ ;ϭ͕ϮϴϮ͘ϳϰͿ ;ϰ͕ϵϱϵ͘ϴϰͿ

ŶĚŝŶŐŽŽŬsĂůƵĞ Ϯϯ͕Ϭϱϵ͕ϱϬϵ͘ϲϲ Ϯϯ͕Ϭϱϵ͕ϱϬϵ͘ϲϲ
Month to Date Fiscal Year to Date (07/01/2023)
ĞŐŝŶŶŝŶŐDĂƌŬĞƚsĂůƵĞ ϮϮ͕ϵϭϭ͕Ϯϵϲ͘ϲϮ ϮϮ͕ϭϲϱ͕ϬϮϬ͘ϰϴDĂƚƵƌŝƟĞƐͬĂůůƐ ;ϭϴϱ͕ϬϬϬ͘ϬϬͿ ;ϵ͕Ϭϱϱ͕ϬϬϬ͘ϬϬͿWƌŝŶĐŝƉĂůWĂLJĚŽǁŶƐ ;ϰϯ͕Ϭϭϯ͘ϵϵͿ ;ϰϯϳ͕ϳϲϱ͘ϴϲͿWƵƌĐŚĂƐĞƐ ϳϱϰ͕ϳϭϲ͘ϲϰ ϭϰ͕ϲϮϰ͕ϲϰϲ͘ϭϯSales ;ϰϳϯ͕Ϭϲϲ͘ϮϮͿ ;ϱ͕Ϭϱϯ͕Ϭϰϴ͘ϳϬͿŚĂŶŐĞŝŶĂƐŚ͕WĂLJĂďůĞƐ͕ZĞĐĞŝǀĂďůĞƐ ϯϯϰ͘ϴϱ ϭϱϬ͕Ϯϯϱ͘ϲϵŵŽƌƟnjĂƟŽŶͬĐĐƌĞƟŽŶ ϭϳ͕ϰϱϳ͘ϳϰ ϭϳϰ͕Ϭϰϰ͘ϭϬ ŚĂŶŐĞŝŶEĞƚhŶƌĞĂůŝnjĞĚ'ĂŝŶ;>ŽƐƐͿ ;ϭϮϵ͕ϭϯϰ͘ϵϳͿ Ϯϴϵ͕ϭϯϱ͘ϵϰZĞĂůŝnjĞĚ'ĂŝŶ;>ŽƐƐͿ ;ϭ͕ϮϴϮ͘ϳϰͿ ;ϰ͕ϵϱϵ͘ϴϰͿ

ŶĚŝŶŐDĂƌŬĞƚsĂůƵĞ ϮϮ͕ϴϱϮ͕ϯϬϳ͘ϵϯ ϮϮ͕ϴϱϮ͕ϯϬϳ͘ϵϯ
Maturities / Calls
Month to Date (185,000.00)Fiscal Year to Date (9,055,000.00) Principal Paydowns
Month to Date (43,013.99)Fiscal Year to Date (437,765.86) Purchases
Month to Date 754,716.64Fiscal Year to Date 14,624,646.13 Sales
Month to Date (473,066.22)Fiscal Year to Date (5,053,048.70) Interest Received
Month to Date 58,641.82Fiscal Year to Date 268,324.09
Purchased / Sold Interest
Month to Date (2,981.82)Fiscal Year to Date (23,756.30)

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City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ABS
ϬϱϲϬϭyϯ Dt>dϮϬϮϮͲϭϯϭ͘ϬϯϬϯͬϮϱͬϮϬϮϱ Ϯ͕ϱϱϵ͘ϰϵ 01/11/2022 ϭ͘ϭϮй Ϯ͕ϱϱϵ͘ϭϭ Ϯ͕ϱϱϵ͘ϯϵ ϵϵ͘ϳϬ ϱ͘ϱϱй Ϯ͕ϱϱϭ͘ϳϵ Ϭ͘ϰϳ Ϭ͘Ϭϭй ;ϳ͘ϱϵͿ NA/AAA AAA ϭ͘Ϭϳ Ϭ͘Ϭϳ ϰϯϴϭϯ'ϱ ,ZKdϮϬϮϭͲϭϯϬ͘ϮϳϬϰͬϮϭͬϮϬϮϱ ϱ͕ϴϴϮ͘Ϯϳ ϬϮͬϭϳͬϮϬϮϭ Ϭ͘ϯϳй ϱ͕ϴϴϮ͘ϭϳ ϱ͕ϴϴϮ͘Ϯϲ ϵϵ͘Ϯϱ ϱ͘ϭϳй ϱ͕ϴϯϳ͘ϵϵ Ϭ͘ϰϰ Ϭ͘Ϭϯй ;ϰϰ͘ϮϳͿ Aaa/NA AAA ϭ͘ϭϰ Ϭ͘ϮϭϬϮϱϴϮ::dϴ DyϮϬϮϮͲϮϯ͘ϯϵϬϱͬϭϱͬϮϬϮϱ ϭϭϬ͕ϬϬϬ͘ϬϬ ϬϱͬϭϳͬϮϬϮϮ ϯ͘ϰϮй ϭϬϵ͕ϵϳϱ͘ϲϳ ϭϬϵ͕ϵϴϱ͘ϳϵ ϵϳ͘ϴϱ ϱ͘Ϯϴй ϭϬϳ͕ϲϯϳ͘ϰϬ ϭϲϱ͘ϳϯ Ϭ͘ϰϳй ;Ϯ͕ϯϰϴ͘ϯϵͿ NA/AAA AAA ϭ͘Ϯϭ ϭ͘ϲϬ ϰϳϳϴϴhϲ :KdϮϬϮϭϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϱ ϵ͕ϯϭϳ͘ϱϲ ϬϯͬϬϮͬϮϬϮϭ Ϭ͘ϯϳй ϵ͕ϯϭϱ͘ϳϳ ϵ͕ϯϭϳ͘Ϭϲ ϵϴ͘ϱϯ ϱ͘Ϭϵй ϵ͕ϭϴϬ͘ϱϳ ϭ͘ϰϵ Ϭ͘Ϭϰй ;ϭϯϲ͘ϰϴͿ Aaa/NA AAA ϭ͘ϱϰ Ϭ͘ϯϮ ϴϵϭϵϬ'ϭ dKdϮϬϮϭͲϯϬ͘ϮϲϭϭͬϭϳͬϮϬϮϱ ϱϳ͕ϴϴϰ͘Ϭϳ ϬϲͬϬϴͬϮϬϮϭ Ϭ͘Ϯϳй ϱϳ͕ϴϳϳ͘ϴϰ ϱϳ͕ϴϴϮ͘ϭϴ ϵϴ͘Ϯϭ ϱ͘ϱϬй ϱϲ͕ϴϱϬ͘Ϯϰ ϲ͘ϲϵ Ϭ͘Ϯϱй ;ϭ͕Ϭϯϭ͘ϵϰͿ NA/AAA AAA ϭ͘ϳϮ Ϭ͘ϰϵ ϰϯϴϭϱ
ϴ ,ZKdϮϬϮϭͲϯϯϬ͘ϰϭϭϭͬϭϴͬϮϬϮϱ ϯϯ͕ϳϰϵ͘ϵϬ ϬϴͬϭϳͬϮϬϮϭ Ϭ͘ϯϯй ϯϯ͕ϳϰϵ͘ϰϭ ϯϯ͕ϳϰϵ͘ϳϴ ϵϳ͘ϳϵ ϱ͘ϰϴй ϯϯ͕ϬϬϱ͘ϲϴ ϱ͘ϬϬ Ϭ͘ϭϰй ;ϳϰϰ͘ϭϭͿ NA/AAA AAA ϭ͘ϳϮ Ϭ͘ϱϲ Ϭϱϱϵϯϯ Dt>dϮϬϮϯͲϭϯϱ͘ϭϲϭϭͬϮϱͬϮϬϮϱ Ϯϱ͕ϬϬϬ͘ϬϬ ϬϮͬϬϳͬϮϬϮϯ ϱ͘ϰϯй Ϯϰ͕ϵϵϵ͘ϰϭ Ϯϰ͕ϵϵϵ͘ϲϯ ϵϵ͘ϳϲ ϱ͘ϳϮй Ϯϰ͕ϵϰϬ͘ϵϰ Ϯϭ͘ϱϬ Ϭ͘ϭϭй ;ϱϴ͘ϲϵͿ Aaa/AAA NA ϭ͘ϳϰ Ϭ͘ϳϮ ϰϯϴϭϱ'ϯ ,ZKdϮϬϮϭͲϰϯϬ͘ϴϴϬϭͬϮϭͬϮϬϮϲ Ϯϯ͕ϳϭϰ͘ϳϬ ϭϭͬϭϲͬϮϬϮϭ Ϭ͘ϴϵй Ϯϯ͕ϳϬϵ͘ϳϬ Ϯϯ͕ϳϭϮ͘ϲϲ ϵϳ͘ϯϰ ϱ͘ϱϵй Ϯϯ͕Ϭϴϰ͘ϰϴ ϱ͘ϴϬ Ϭ͘ϭϬй ;ϲϮϴ͘ϭϳͿ Aaa/NA AAA ϭ͘ϵϬ Ϭ͘ϳϭ ϰϳϳϴϵYϰ :KdϮϬϮϭͲϯϬ͘ϱϮϬϯͬϭϲͬϮϬϮϲ Ϯϰ͕ϲϯϰ͘ϰϰ ϬϳͬϭϯͬϮϬϮϭ Ϭ͘ϱϮй Ϯϰ͕ϲϯϮ͘Ϯϰ Ϯϰ͕ϲϯϯ͘ϴϲ ϵϳ͘ϱϬ ϱ͘ϰϯй Ϯϰ͕Ϭϭϴ͘ϭϯ ϱ͘ϲϵ Ϭ͘ϭϭй ;ϲϭϱ͘ϳϯͿ Aaa/NA AAA Ϯ͘Ϭϰ Ϭ͘ϱϲ ϴϵϮϯϴ:ϵ dKdϮϬϮϭͲϯϬ͘ϳϭϬϰͬϭϱͬϮϬϮϲ Ϯϰ͕Ϯϵϳ͘ϳϮ 11/09/2021 Ϭ͘ϵϱй Ϯϰ͕Ϯϵϳ͘Ϯϭ Ϯϰ͕Ϯϵϳ͘ϱϲ ϵϳ͘ϰϯ ϱ͘ϰϮй Ϯϯ͕ϲϳϮ͘ϴϵ ϳ͘ϲϳ Ϭ͘ϭϬй ;ϲϮϰ͘ϲϳͿ NA/AAA AAA Ϯ͘ϭϯ Ϭ͘ϳϰ ϰϰϵϯϱ&ϲ ,ZdϮϬϮϭͲϯϬ͘ϳϰϬϱͬϭϱͬϮϬϮϲ ϭϳ͕ϱϬϱ͘Ϯϱ 11/09/2021 Ϭ͘ϳϱй ϭϳ͕ϱϬϭ͘ϯϰ ϭϳ͕ϱϬϯ͘ϲϬ ϵϳ͘ϲϰ ϱ͘ϰϯй ϭϳ͕ϬϵϮ͘ϴϴ ϱ͘ϳϲ Ϭ͘Ϭϳй ;ϰϭϬ͘ϳϮͿ NA/AAA AAA Ϯ͘Ϯϭ Ϭ͘ϳϭ ϬϱϲϬϮZϯ DtKdϮϬϮϮͲϯϯ͘Ϯϭ ϬϴͬϮϱͬϮϬϮϲ ϯϴ͕ϯϰϭ͘Ϯϭ 05/10/2022 ϯ͘ϲϯй ϯϴ͕ϯϯϵ͘ϮϮ ϯϴ͕ϯϰϬ͘Ϯϵ ϵϴ͘ϰϱ ϱ͘ϰϯй ϯϳ͕ϳϰϴ͘ϱϭ ϮϬ͘ϱϭ Ϭ͘ϭϳй ;ϱϵϭ͘ϳϴͿ Aaa/AAA NA Ϯ͘ϰϵ Ϭ͘ϵϴϰϳϳϴϳ:Ϯ :KdϮϬϮϮϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϲ ϯϲ͕ϱϰϮ͘Ϯϲ ϬϯͬϭϬͬϮϬϮϮ Ϯ͘ϯϰй ϯϲ͕ϱϯϰ͘ϭϴ ϯϲ͕ϱϯϳ͘ϵϴ ϵϳ͘ϴϮ ϱ͘ϰϳй ϯϱ͕ϳϰϲ͘ϯϵ ϯϳ͘ϲϴ Ϭ͘ϭϲй ;ϳϵϭ͘ϱϵͿ Aaa/NA AAA Ϯ͘ϱϰ Ϭ͘ϴϭ ϯϲϮϱϱϰϭ 'DZϮϬϮϭͲϰϯϬ͘ϲϴϬϵͬϭϲͬϮϬϮϲ ϭϴ͕ϴϵϮ͘ϰϱ ϭϬͬϭϯͬϮϬϮϭ Ϭ͘ϲϴй ϭϴ͕ϴϵϭ͘ϵϴ ϭϴ͕ϴϵϮ͘Ϯϵ ϵϲ͘ϵϱ ϱ͘ϯϯй ϭϴ͕ϯϭϱ͘ϱϭ ϱ͘ϯϱ Ϭ͘Ϭϴй ;ϱϳϲ͘ϳϴͿ Aaa/AAA NA Ϯ͘ϱϱ Ϭ͘ϵϬ ϰϰϴϵϳϳϬ ,ZdϮϬϮϮͲϯϮ͘ϮϮϭϬͬϭϱͬϮϬϮϲ ϳϳ͕Ϭϱϭ͘ϵϮ ϬϯͬϬϵͬϮϬϮϮ Ϯ͘Ϯϯй ϳϳ͕Ϭϰϴ͘ϵϲ ϳϳ͕ϬϱϬ͘ϲϰ ϵϳ͘ϳϲ ϱ͘ϱϯй ϳϱ͕ϯϮϱ͘ϵϲ ϳϲ͘ϬϮ Ϭ͘ϯϯй ;ϭ͕ϳϮϰ͘ϲϴͿ NA/AAA AAA Ϯ͘ϲϯ Ϭ͘ϵϱ ϯϴϬϭϰϲϰ 'DZϮϬϮϮͲϭϯϭ͘ϮϯϭϭͬϭϲͬϮϬϮϲ ϭϴ͕ϯϴϰ͘ϲϵ 01/11/2022 ϭ͘Ϯϰй ϭϴ͕ϯϴϯ͘ϭϬ ϭϴ͕ϯϴϰ͘Ϭϱ ϵϳ͘ϭϵ ϱ͘ϱϬй ϭϳ͕ϴϲϳ͘ϵϮ ϵ͘ϲϱ Ϭ͘Ϭϴй ;ϱϭϲ͘ϭϯͿ NA/AAA AAA Ϯ͘ϳϭ Ϭ͘ϵϱϯϲϮϱϴϱϱ 'DZϮϬϮϮͲϮϯϯ͘ϭϬϮͬϭϲͬϮϬϮϳ ϯϴ͕ϱϯϭ͘ϲϬ 04/05/2022 ϯ͘ϭϲй ϯϴ͕ϱϮϯ͘ϱϱ ϯϴ͕ϱϮϳ͘ϳϮ ϵϴ͘ϭϱ ϱ͘ϰϯй ϯϳ͕ϴϮϬ͘ϰϲ ϰϵ͘ϳϳ Ϭ͘ϭϳй ;ϳϬϳ͘ϮϲͿ Aaa/AAA NA Ϯ͘ϵϳ ϭ͘ϭϰ

KE&/
Ed/>ͮϴ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϰϯϴϭϱ:ϳ ,ZKdϮϬϮϯͲϭϯϱ͘ϬϰϬϰͬϮϭͬϮϬϮϳ ϰϱ͕ϬϬϬ͘ϬϬ ϬϮͬϭϲͬϮϬϮϯ ϱ͘Ϭϵй ϰϰ͕ϵϵϭ͘ϲϰ ϰϰ͕ϵϵϯ͘ϲϴ ϵϵ͘ϳϳ ϱ͘Ϯϲй ϰϰ͕ϴϵϳ͘ϱϬ ϲϯ͘ϬϬ Ϭ͘ϮϬй ;ϵϲ͘ϭϵͿ Aaa/NA AAA ϯ͘ϭϰ ϭ͘ϳϴ ϱϴϳϲϴWϴ DZdϮϬϮϮͲϭϯϱ͘ϮϭϬϴͬϭϲͬϮϬϮϳ ϴϱ͕ϬϬϬ͘ϬϬ ϬϮͬϭϱͬϮϬϮϯ ϱ͘Ϭϯй ϴϱ͕ϰϯϴ͘Ϯϴ ϴϱ͕ϯϭϭ͘ϰϯ ϵϵ͘ϴϵ ϱ͘ϯϳй ϴϰ͕ϵϬϱ͘ϱϳ ϭϵϲ͘ϴϮ Ϭ͘ϯϳй ;ϰϬϱ͘ϴϱͿ Aaa/AAA NA ϯ͘ϰϲ ϭ͘ϳϬϰϳϴϬϬϬ :KdϮϬϮϯϯϱ͘ϬϭϭϭͬϭϱͬϮϬϮϳ ϳϬ͕ϬϬϬ͘ϬϬ ϬϮͬϮϮͬϮϬϮϯ ϯ͘ϯϵй ϲϵ͕ϵϴϳ͘Ϯϱ ϲϵ͕ϵϴϵ͘ϵϲ ϵϵ͘ϳϬ ϱ͘Ϯϲй ϲϵ͕ϳϴϴ͘ϭϬ ϭϱϱ͘ϴϳ Ϭ͘ϯϭй ;ϮϬϭ͘ϴϲͿ Aaa/NA AAA ϯ͘ϳϭ ϭ͘ϴϲ ϯϲϮϱϴϯϴ 'DZϮϬϮϯͲϮϯϰ͘ϰϳϬϮͬϭϲͬϮϬϮϴ ϲϱ͕ϬϬϬ͘ϬϬ ϬϰͬϬϰͬϮϬϮϯ ϰ͘ϱϭй ϲϰ͕ϵϵϴ͘Ϯϭ ϲϰ͕ϵϵϴ͘ϱϰ ϵϴ͘ϵϭ ϱ͘ϭϲй ϲϰ͕ϮϵϬ͘ϱϲ ϭϮϭ͘Ϭϲ Ϭ͘Ϯϴй ;ϳϬϳ͘ϵϴͿ Aaa/AAA NA ϯ͘ϵϳ Ϯ͘ϯϳϰϯϴϭϮϯϱ ,ZKdϮϬϮϯͲϰϯϱ͘ϲϳϬϲͬϮϭͬϮϬϮϴ ϳϱ͕ϬϬϬ͘ϬϬ ϭϭͬϬϭͬϮϬϮϯ ϱ͘ϳϰй ϳϰ͕ϵϴϲ͘ϳϵ ϳϰ͕ϵϴϳ͘ϲϴ ϭϬϭ͘ϯϱ ϱ͘ϭϮй ϳϲ͕Ϭϭϯ͘ϵϴ ϭϭϴ͘ϭϮ Ϭ͘ϯϯй ϭ͕ϬϮϲ͘ϯϬ Aaa/NA AAA ϰ͘ϯϭ Ϯ͘ϱϴ ϴϵϮϯϵ&ϰ dKdϮϬϮϯͲϯϱ͘ϱϰϬϴͬϭϱͬϮϬϮϴ ϲϬ͕ϬϬϬ͘ϬϬ ϭϭͬϬϳͬϮϬϮϯ ϲ͘ϯϬй ϱϵ͕ϵϵϯ͘ϱϯ ϱϵ͕ϵϵϯ͘ϵϯ ϭϬϭ͘Ϭϳ ϱ͘ϭϱй ϲϬ͕ϲϯϵ͘ϴϮ ϭϰϳ͘ϳϯ Ϭ͘Ϯϳй ϲϰϱ͘ϴϴ NA/AAA AAA ϰ͘ϰϲ Ϯ͘ϴϲ ϭϲϭϱϳϭ,dϰ ,/dϮϬϮϯͲϭϱ͘ϭϲϬϵͬϭϱͬϮϬϮϴ Ϯϰϱ͕ϬϬϬ͘ϬϬ ϬϵͬϬϳͬϮϬϮϯ ϱ͘ϭϳй Ϯϰϰ͕ϵϯϮ͘Ϭϵ Ϯϰϰ͕ϵϯϴ͘ϯϰ ϭϬϬ͘ϱϵ ϰ͘ϵϳй Ϯϰϲ͕ϰϰϯ͘ϲϭ ϱϲϭ͘ϴϳ ϭ͘Ϭϴй ϭ͕ϱϬϱ͘Ϯϴ NR/AAA AAA ϰ͘ϱϰ Ϯ͘ϯϮ Total ABS 1,207,289.56 3.69%
1,207,548.631,207,470.30

99.22 5.27%
1,197,676.88
1,789.70

5.24%
(9,793.41)
Aaa/AAA
AAA

3.161.64
AGENCY
ϯϭϯϬϳW,Ϯ &

Z>,KD
>KEE<^ϭ͘ϴϳϱ ϬϯͬϬϴͬϮϬϮϰ ϭϬϬ͕ϬϬϬ͘ϬϬ ϬϯͬϬϯͬϮϬϮϬ Ϭ͘ϴϲй ϭϬϰ͕Ϭϯϱ͘ϬϬ ϭϬϬ͕Ϭϭϵ͘Ϯϴ ϵϵ͘ϵϯ ϰ͘ϱϱй ϵϵ͕ϵϯϮ͘Ϯϱ ϵϬϭ͘Ϭϰ Ϭ͘ϰϰй ;ϴϳ͘ϬϯͿ Aaa/AA+ AA+ Ϭ͘ϬϮ Ϭ͘ϬϮ ϯϭϯϬdsϲ &

Z>,KD
>KEE<^ϰ͘ϴϳϱ ϬϵͬϭϯͬϮϬϮϰ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϲͬϮϬϮϯ ϰ͘ϱϵй Ϯϱϭ͕ϭϭϬ͘ϬϬ ϮϱϬ͕ϯϲϱ͘ϲϱ ϵϵ͘ϳϱ ϱ͘ϯϱй Ϯϰϵ͕ϯϲϴ͘Ϭϲ ϱ͕ϲϴϳ͘ϱϬ ϭ͘Ϭϵй ;ϵϵϳ͘ϱϴͿ Aaa/AA+ AA+ Ϭ͘ϱϰ Ϭ͘ϱϭ ϯϭϯϬdhZϲ &

Z>,KD
>KEE<^ϰ͘ϲϮϱ ϭϮͬϭϯͬϮϬϮϰ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϭͬϮϬϮϯ ϰ͘ϰϮй ϮϱϬ͕ϴϳϮ͘ϱϬ ϮϱϬ͕ϯϲϴ͘Ϯϱ ϵϵ͘ϰϰ ϱ͘ϯϱй Ϯϰϴ͕ϲϬϲ͘ϴϮ Ϯ͕ϱϬϱ͘Ϯϭ ϭ͘Ϭϵй ;ϭ͕ϳϲϭ͘ϰϯͿ Aaa/AA+ AA+ Ϭ͘ϳϵ Ϭ͘ϳϱϯϭϯϬY&ϰϬ & 
Z>,KD
>KEE<^ϭ͘Ϭ 12/20/2024 ϭϳϱ͕ϬϬϬ͘ϬϬ 12/21/2021 ϭ͘Ϭϯй ϭϳϰ͕ϴϰϲ͘ϬϬ ϭϳϰ͕ϵϱϴ͘ϲϮ ϵϲ͘ϳϴ ϱ͘ϭϮй ϭϲϵ͕ϯϲϬ͘ϴϭ ϯϰϱ͘ϭϰ Ϭ͘ϳϰй ;ϱ͕ϱϵϳ͘ϴϭͿ Aaa/AA+ AA+ Ϭ͘ϴϭ Ϭ͘ϳϴ ϯϭϯϯ
E<^ϴ &

Z>&ZDZ
/dE<^ &hE/E'KZWϭ͘ϭϮϱϬϭͬϬϲͬϮϬϮϱ ϵϬ͕ϬϬϬ͘ϬϬ ϬϭͬϬϲͬϮϬϮϮ ϭ͘ϮϬй ϴϵ͕ϳϵϳ͘ϱϬ ϴϵ͕ϵϰϮ͘Ϯϳ ϵϲ͘ϳϬ ϱ͘ϭϯй ϴϳ͕ϬϮϳ͘ϴϭ ϭϱϰ͘ϲϵ Ϭ͘ϯϴй ;Ϯ͕ϵϭϰ͘ϰϲͿ Aaa/AA+ AA+ Ϭ͘ϴϱ Ϭ͘ϴϮ ϯϭϯϱ'Ϭϱyϳ &

Z>Ed/KE>DKZd''
 ^^K/d/KEϬ͘ϯϳϱϬϴͬϮϱͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϯͬϬϳͬϮϬϮϮ ϭ͘ϳϲй Ϯϯϴ͕ϮϴϬ͘ϬϬ Ϯϰϰ͕ϵϴϮ͘ϰϯ ϵϯ͘ϲϵ ϰ͘ϴϭй Ϯϯϰ͕Ϯϯϳ͘Ϯϲ ϭϱ͘ϲϮ ϭ͘Ϭϯй ;ϭϬ͕ϳϰϱ͘ϭϳͿ Aaa/AA+ AA+ ϭ͘ϰϵ ϭ͘ϰϰ ϯϭϯϬdhϵ &

Z>,KD
>KEE<^ϰ͘ϱ 12/12/2025 ϯϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϲͬϮϬϮϯ ϰ͘ϬϬй ϯϱϰ͕ϲϴϯ͘ϬϬ ϯϱϮ͕ϵϭϭ͘ϳϴ ϵϵ͘ϲϬ ϰ͘ϳϯй ϯϰϴ͕ϱϵϮ͘Ϭϭ ϯ͕ϰϱϲ͘Ϯϱ ϭ͘ϱϯй ;ϰ͕ϯϭϵ͘ϳϳͿ Aaa/AA+ AA+ ϭ͘ϳϵ ϭ͘ϲϴϯϭϯϬhhϯϲ & 
Z>,KD
>KEE<^ϰ͘ϭϮϱ ϬϯͬϭϯͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϯͬϭϰͬϮϬϮϯ ϰ͘ϯϬй Ϯϰϴ͕ϳϲϳ͘ϱϬ Ϯϰϵ͕ϭϲϰ͘Ϭϲ ϵϴ͘ϵϭ ϰ͘ϲϵй Ϯϰϳ͕Ϯϴϳ͘ϯϬ ϰ͕ϴϭϮ͘ϱϬ ϭ͘Ϭϴй ;ϭ͕ϴϳϲ͘ϳϲͿ Aaa/AA+ AA+ Ϯ͘Ϭϰ ϭ͘ϴϵ ϯϭϯϯ
W^tϲ &

Z>&ZDZ
/dE<^ &hE/E'KZWϰ͘ϱϬϴͬϭϰͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϴͬϬϵͬϮϬϮϯ ϰ͘ϱϴй Ϯϰϵ͕ϰϮϱ͘ϬϬ Ϯϰϵ͕ϱϮϵ͘ϵϯ ϵϵ͘ϵϲ ϰ͘ϱϮй Ϯϰϵ͕ϵϬϳ͘ϲϴ ϱϯϭ͘Ϯϱ ϭ͘Ϭϵй ϯϳϳ͘ϳϲ Aaa/AA+ AA+ Ϯ͘ϰϲ Ϯ͘Ϯϵ

KE&/
Ed/>ͮϵ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϯϭϯϬtdYϯ &

Z>,KD
>KEE<^ϰ͘ϲϮϱ ϬϵͬϭϭͬϮϬϮϲ ϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬ ϬϵͬϭϯͬϮϬϮϯ ϰ͘ϴϭй ϵϵϰ͕ϴϮϬ͘ϬϬ ϵϵϱ͕ϲϮϬ͘ϵϯ ϭϬϬ͘Ϯϵ ϰ͘ϱϬй ϭ͕ϬϬϮ͕ϵϯϲ͘ϵϬ Ϯϲ͕ϱϵϯ͘ϳϱ ϰ͘ϯϵй ϳ͕ϯϭϱ͘ϵϳ Aaa/AA+ AA+ Ϯ͘ϱϯ Ϯ͘ϯϬ ϯϭϯϬyY>ϱ &

Z>,KD
>KEE<^ϰ͘ϴϳϱ ϭϮͬϭϭͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϭϮͬϮϳͬϮϬϮϯ ϰ͘Ϭϰй Ϯϱϱ͕ϳϮϬ͘ϬϬ Ϯϱϱ͕ϯϴϬ͘ϳϮ ϭϬϬ͘ϳϵ ϰ͘ϱϲй Ϯϱϭ͕ϵϳϲ͘ϲϱ ϯ͕ϵϵϰ͘ϳϵ ϭ͘ϭϬй ;ϯ͕ϰϬϰ͘ϬϴͿ Aaa/AA+ AA+ Ϯ͘ϳϴ Ϯ͘ϱϰϯϭϯϬtϮϰ & 
Z>,KD
>KEE<^ϰ͘Ϭ ϬϲͬϬϵͬϮϬϮϴ ϰϬϬ͕ϬϬϬ͘ϬϬ ϬϳͬϬϲͬϮϬϮϯ ϰ͘ϰϵй ϯϵϭ͕ϯϴϴ͘ϬϬ ϯϵϮ͕ϱϭϰ͘ϴϱ ϵϴ͘ϴϭ ϰ͘ϯϭй ϯϵϱ͕ϮϮϮ͘ϳϭ ϯ͕ϲϰϰ͘ϰϰ ϭ͘ϳϯй Ϯ͕ϳϬϳ͘ϴϲ Aaa/AA+ AA+ ϰ͘Ϯϴ ϯ͘ϴϱ ϯϭϯϬtdZϭ &

Z>,KD
>KEE<^ϰ͘ϯϳϱ 09/08/2028 ϱϬϬ͕ϬϬϬ͘ϬϬ ϬϵͬϬϳͬϮϬϮϯ ϰ͘ϰϵй ϰϵϳ͕ϰϱϬ͘ϬϬ ϰϵϳ͕ϲϵϰ͘Ϯϱ ϭϬϬ͘ϰϴ ϰ͘Ϯϲй ϱϬϮ͕ϯϴϱ͘ϯϴ ϭϮ͕ϱϳϴ͘ϭϮ Ϯ͘ϮϬй ϰ͕ϲϵϭ͘ϭϮ Aaa/AA+ AA+ ϰ͘ϱϯ ϯ͘ϵϲ ϯϭϯϯ
Wt<ϳ &

Z>&ZDZ
/dE<^ &hE/E'KZWϰ͘ϱϬϵͬϮϮͬϮϬϮϴ ϮϱϬ͕ϬϬϬ͘ϬϬ ϭϬͬϭϮͬϮϬϮϯ ϰ͘ϳϭй Ϯϰϳ͕ϲϴϮ͘ϱϬ Ϯϰϳ͕ϴϱϴ͘ϱϵ ϭϬϬ͘ϰϲ ϰ͘ϯϵй Ϯϱϭ͕ϭϲϭ͘ϰϯ ϰ͕ϵϲϴ͘ϳϱ ϭ͘ϭϬй ϯ͕ϯϬϮ͘ϴϰ Aaa/AA+ AA+ ϰ͘ϱϲ ϰ͘ϬϬ Total Agency 4,365,000.00 4.08%
4,348,877.004,351,311.62

99.41 4.63%
4,338,003.08
70,189.06

18.98%
(13,308.54)
Aaa/AA+
AA+

2.532.29

AGENCY CMBS
ϯϭϯϳ<Z:ϭ &,D^<ͲϬϰϳϮϯ͘ϯϮϵϬϱͬϮϱͬϮϬϮϱ ϭϬϬ͕ϬϬϬ͘ϬϬ 05/19/2022 ϯ͘Ϭϰй ϭϬϬ͕ϱϳϴ͘ϭϯ ϭϬϬ͕ϮϮϵ͘ϱϯ ϵϳ͘ϴϱ ϱ͘ϭϱй ϵϳ͕ϴϱϭ͘ϯϵ Ϯϳϳ͘ϰϮ Ϭ͘ϰϯй ;Ϯ͕ϯϳϴ͘ϭϰͿ Aaa/AA+ AAA ϭ͘Ϯϰ ϭ͘Ϭϳ ϯϭϯϳDdyϰ &,D^<ͲϬϱϮϮϯ͘ϭϱϭϭϭͬϮϱͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϭϬͬϮϬϮϯ ϰ͘ϱϰй Ϯϰϭ͕ϮϮϬ͘ϳϬ Ϯϰϰ͕ϱϵϬ͘ϱϯ ϵϳ͘Ϭϳ ϱ͘ϬϮй ϮϰϮ͕ϲϳϴ͘ϲϴ ϲϱϲ͘ϰϲ ϭ͘Ϭϲй ;ϭ͕ϵϭϭ͘ϴϲͿ Aaa/AA+ AAA ϭ͘ϳϰ ϭ͘ϰϵ ϯϭϯϳE'dϱ &,D^<ͲϬϱϰϮϮ͘ϳϰϱϬϭͬϮϱͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϭϱͬϮϬϮϯ ϰ͘ϲϰй Ϯϯϳ͕ϯϵϮ͘ϱϴ Ϯϰϭ͕ϵϬϰ͘ϳϭ ϵϲ͘ϭϳ ϰ͘ϵϱй ϮϰϬ͕ϰϭϱ͘ϰϬ ϱϳϭ͘ϴϴ ϭ͘Ϭϱй ;ϭ͕ϰϴϵ͘ϯϭͿ Aaa/AA+ AAA ϭ͘ϵϭ ϭ͘ϲϵ ϯϭϯϳYz^Ϭ &,D^<ͲϬϱϲϮϮ͘ϱϮϱϬϱͬϮϱͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϴͬϮϬϮϯ ϰ͘ϯϬй Ϯϯϲ͕ϴϮϲ͘ϭϳ Ϯϰϭ͕ϭϭϲ͘ϯϳ ϵϱ͘ϯϯ ϰ͘ϴϰй Ϯϯϴ͕ϯϭϲ͘ϬϮ ϱϮϲ͘Ϭϰ ϭ͘Ϭϰй ;Ϯ͕ϴϬϬ͘ϯϰͿ Aaa/AA+ AAA Ϯ͘Ϯϰ ϭ͘ϵϵ ϯϭϯϳ^WϳϮ &,D^<ͲϬϱϴϮϮ͘ϲϱϯϬϴͬϮϱͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϯϭͬϮϬϮϯ ϰ͘ϭϭй Ϯϯϳ͕ϵϭϬ͘ϭϲ Ϯϰϭ͕ϲϮϳ͘ϭϵ ϵϱ͘Ϭϰ ϰ͘ϳϴй Ϯϯϳ͕ϲϬϲ͘ϵϱ ϱϱϮ͘ϳϭ ϭ͘Ϭϰй ;ϰ͕ϬϮϬ͘ϮϰͿ Aaa/AA+ AAA Ϯ͘ϰϵ Ϯ͘ϯϭ ϯϭϯϳsϴϮ &,D^<ͲϬϲϯϮϯ͘ϰϯϬϭͬϮϱͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϴͬϮϬϮϯ ϰ͘Ϯϭй ϮϰϮ͕ϴϲϭ͘ϯϯ Ϯϰϰ͕ϳϴϰ͘ϰϰ ϵϲ͘ϱϯ ϰ͘ϳϯй Ϯϰϭ͕ϯϯϲ͘ϭϮ ϳϭϰ͘ϱϴ ϭ͘Ϭϲй ;ϯ͕ϰϰϴ͘ϯϮͿ Aaa/AA+ AAA Ϯ͘ϵϭ Ϯ͘ϱϳ ϯϭϯϳ&yϯ &,D^<ͲϬϲϴϮϯ͘ϮϰϰϬϴͬϮϱͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϱͬϭϮͬϮϬϮϯ ϯ͘ϵϴй ϮϰϮ͕ϳϬϱ͘Ϭϴ Ϯϰϰ͕Ϭϳϲ͘ϳϯ ϵϱ͘ϰϰ ϰ͘ϲϳй Ϯϯϴ͕ϲϬϳ͘ϬϬ ϲϳϱ͘ϴϯ ϭ͘Ϭϰй ;ϱ͕ϰϲϵ͘ϳϯͿ Aaa/AA+ AA+ ϯ͘ϰϵ ϯ͘ϭϲϯϭϯϳ& dEϬ &,D^<ͲϬϳϯϮϯ͘ϯϱϬϭͬϮϱͬϮϬϮϴ ϮϮϬ͕ϬϬϬ͘ϬϬ ϬϱͬϮϰͬϮϬϮϯ ϰ͘Ϯϳй Ϯϭϭ͕ϰϰϬ͘ϲϯ ϮϭϮ͕ϴϰϵ͘ϯϯ ϵϱ͘ϭϳ ϰ͘ϳϮй ϮϬϵ͕ϯϳϰ͘ϴϰ ϲϭϰ͘ϭϳ Ϭ͘ϵϮй ;ϯ͕ϰϳϰ͘ϰϵͿ Aaa/AA+ AAA ϯ͘ϵϭ ϯ͘ϰϵ Total Agency CMBS 1,820,000.00 4.22%
1,750,934.781,771,178.84

95.95 4.84%
1,746,186.40
4,589.08

7.64%
(24,992.43)
Aaa/AA+
AAA

2.562.29
^,
zh^ ZĞĐĞŝǀĂďůĞ ϳϴϰ͘Ϯϯ
ͲͲ
Ϭ͘ϬϬй
ϳϴϰ͘Ϯϯϳϴϰ͘Ϯϯ
ϭ͘ϬϬ
Ϭ͘ϬϬй
ϳϴϰ͘Ϯϯ
Ϭ͘ϬϬ
Ϭ͘ϬϬй
Ϭ͘ϬϬ
Aaa/AAA
AAA
Ϭ͘ϬϬϬ͘ϬϬ

KE&/
Ed/>ͮϭϬ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ Total Cash 784.23 0.00%
784.23784.23

1.00 0.00%
784.23

0.00 0.00%

0.00 Aaa/AAA
AAA

0.000.00
COMMERCIAL WW
Z
ϲϮϰϳϵ>ϲ Dh&'ĂŶŬ͕>ƚĚ͕͘EĞǁzŽƌŬƌĂŶĐŚ 04/12/2024 ϱϬϬ͕ϬϬϬ͘ϬϬ ϬϴͬϯϬͬϮϬϮϯ ϱ͘ϴϬй ϰϴϮ͕ϰϯϳ͘ϱϬ ϰϵϲ͕ϳϮϭ͘ϲϳ ϵϵ͘ϯϳ ϱ͘Ϯϵй ϰϵϲ͕ϴϯϵ͘ϬϬ Ϭ͘ϬϬ Ϯ͘ϭϳй ϭϭϳ͘ϯϯ WͲϭͬͲϭ NA Ϭ͘ϭϮ Ϭ͘ϭϭ Total Commercial WĂƉĞƌ 500,000.00
08/30/2023

5.80%
482,437.50496,721.67

99.37 5.29%
496,839.00

0.00 2.17%
117.33
WͲϭͬͲϭ
NA

0.120.11
KZWKZd

ϴϬϴϱϭϯEϰ ,Z>
^^,tKZWϬ͘ϳϱ ϬϯͬϭϴͬϮϬϮϰ ϭϱϬ͕ϬϬϬ͘ϬϬ ͲͲ Ϭ͘ϲϰй ϭϱϬ͕ϰϭϯ͘ϬϬ ϭϰϵ͕ϵϵϵ͘ϰϲ ϵϵ͘ϴϬ ϰ͘ϲϯй ϭϰϵ͕ϲϵϮ͘ϱϬ ϱϬϵ͘ϯϴ Ϭ͘ϲϲй ;ϯϬϲ͘ϵϱͿ ϮͬͲ A Ϭ͘Ϭϱ Ϭ͘Ϭϱ ϬϮϯϭϯϱtϱ DKE͘KD/EϬ͘ϰϱϬϱͬϭϮͬϮϬϮϰ ϭϬϬ͕ϬϬϬ͘ϬϬ 05/10/2021 Ϭ͘ϱϬй ϵϵ͕ϴϱϰ͘ϬϬ ϵϵ͕ϵϵϬ͘ϰϭ ϵϵ͘Ϭϲ ϱ͘ϭϭй ϵϵ͕Ϭϲϰ͘ϯϬ ϭϯϲ͘Ϯϱ Ϭ͘ϰϯй ;ϵϮϲ͘ϭϭͿ A1/AA Ͳ Ϭ͘ϮϬ Ϭ͘ϮϬ ϵϭϯϮϰW
ϰ hE/d
,
>d,'ZKhW/EϬ͘ϱϱ 05/15/2024 ϱϬ͕ϬϬϬ͘ϬϬ 11/08/2021 Ϭ͘ϳϴй ϰϵ͕ϳϭϯ͘ϬϬ ϰϵ͕ϵϳϲ͘ϱϯ ϵϵ͘Ϭϭ ϱ͘Ϯϲй ϰϵ͕ϱϬϳ͘Ϭϳ ϴϬ͘ϵϳ Ϭ͘ϮϮй ;ϰϲϵ͘ϰϲͿ A2/A+ A Ϭ͘Ϯϭ Ϭ͘ϮϬ ϭϰϵϭϯZϮ>Ϭ d
ZW/>>Z&/EE/>^
Zs/
^ KZWϬ͘ϰϱϬϱͬϭϳͬϮϬϮϰ ϭϱϱ͕ϬϬϬ͘ϬϬ 05/10/2021 Ϭ͘ϰϵй ϭϱϰ͕ϳϵϮ͘ϯϬ ϭϱϰ͕ϵϴϱ͘ϰϭ ϵϵ͘ϬϬ ϱ͘ϭϮй ϭϱϯ͕ϰϰϱ͘ϰϴ ϮϬϭ͘ϱϬ Ϭ͘ϲϳй ;ϭ͕ϱϯϵ͘ϵϯͿ A2/A A+ Ϭ͘Ϯϭ Ϭ͘Ϯϭ ϴϵϭϭϰYϰ dKZKEdKͲKD/E/KEE<Ϯ͘ϲϱ ϬϲͬϭϮͬϮϬϮϰ ϭϮϱ͕ϬϬϬ͘ϬϬ 08/25/2021 Ϭ͘ϲϯй ϭϯϮ͕ϬϯϮ͘ϱϬ ϭϮϱ͕ϳϭϬ͘ϭϰ ϵϵ͘Ϯϯ ϱ͘ϯϲй ϭϮϰ͕Ϭϯϰ͘ϰϰ ϳϮϲ͘ϵϭ Ϭ͘ϱϰй ;ϭ͕ϲϳϱ͘ϳϬͿ A1/A Ͳ Ϭ͘Ϯϴ Ϭ͘Ϯϴ ϬϲϬϱϭ':zϲ E<K&D
Z/KZWϱ͘ϳϲϬϬϱ ϬϲͬϭϰͬϮϬϮϰ ϭϮϬ͕ϬϬϬ͘ϬϬ ϬϲͬϬϳͬϮϬϮϭ Ϭ͘ϱϮй ϭϮϬ͕ϬϬϴ͘ϬϬ ϭϮϬ͕ϬϬϬ͘ϬϬ ϵϵ͘ϵϴ ϱ͘ϳϭй ϭϭϵ͕ϵϳϬ͘ϬϬ ϭ͕ϰϵϳ͘ϲϭ Ϭ͘ϱϮй ;ϯϬ͘ϬϬͿ ϭͬͲ Ͳ Ϭ͘Ϯϵ Ϭ͘Ϭϭ ϬϲϯϲϳdYtϯ E<K&DKEdZ
>Ϭ͘ϲϮϱ ϬϳͬϬϵͬϮϬϮϰ ϭϱϬ͕ϬϬϬ͘ϬϬ 09/10/2021 Ϭ͘ϲϱй ϭϰϵ͕ϴϳϴ͘ϱϬ ϭϰϵ͕ϵϴϰ͘ϲϱ ϵϴ͘ϯϭ ϱ͘ϯϴй ϭϰϳ͕ϰϳϬ͘ϰϯ ϭϯϱ͘ϰϮ Ϭ͘ϲϱй ;Ϯ͕ϱϭϰ͘ϮϮͿ ϮͬͲ Ͳ Ϭ͘ϯϲ Ϭ͘ϯϱ ϳϵϰϲϲ>'ϵ ^>
^&KZ
/EϬ͘ϲϮϱϬϳͬϭϱͬϮϬϮϰ Ϯϱ͕ϬϬϬ͘ϬϬ ϬϲͬϮϵͬϮϬϮϭ Ϭ͘ϲϰй Ϯϰ͕ϵϴϳ͘Ϯϱ Ϯϰ͕ϵϵϴ͘ϰϮ ϵϴ͘Ϯϲ ϱ͘ϯϮй Ϯϰ͕ϱϲϰ͘ϵϴ ϭϵ͘ϵϳ Ϭ͘ϭϭй ;ϰϯϯ͘ϰϰͿ A2/A+ NA Ϭ͘ϯϴ Ϭ͘ϯϲϵϭϭϱϵ,,yϭ h^EKZWϮ͘ϰϬϳͬϯϬͬϮϬϮϰ ϭϱϬ͕ϬϬϬ͘ϬϬ 11/09/2021 Ϭ͘ϴϭй ϭϱϲ͕ϮϯϮ͘ϱϬ ϭϱϬ͕ϳϳϯ͘ϯϴ ϵϴ͘ϲϴ ϱ͘ϲϮй ϭϰϴ͕ϬϭϮ͘ϵϰ ϯϭϬ͘ϬϬ Ϭ͘ϲϱй ;Ϯ͕ϳϲϬ͘ϰϯͿ ϯͬA Ϭ͘ϰϮ Ϭ͘ϰϬ ϳϴϬϭϱ<ϳϮ ZKz>E<K&EϮ͘Ϯϱ 11/01/2024 ϭϱϬ͕ϬϬϬ͘ϬϬ 08/19/2021 Ϭ͘ϳϳй ϭϱϲ͕ϵϵϵ͘ϬϬ ϭϱϭ͕ϰϳϬ͘ϲϯ ϵϳ͘ϴϯ ϱ͘ϱϳй ϭϰϲ͕ϳϱϭ͘ϲϬ ϭ͕ϭϮϱ͘ϬϬ Ϭ͘ϲϰй ;ϰ͕ϳϭϵ͘ϬϯͿ A1/A Ͳ Ϭ͘ϲϳ Ϭ͘ϲϰϲϯϳϰϯ,&ϭ Ed/KE>ZhZ>hd/>/d/
^KKW
Zd/s
&/EE
KZWϭ͘ϴϳϱϬϮͬϬϳͬϮϬϮϱ
ϭϮϱ͕ϬϬϬ͘ϬϬ ϬϯͬϭϴͬϮϬϮϮ Ϯ͘ϳϱй ϭϮϭ͕ϵϲϮ͘ϱϬ ϭϮϰ͕ϬϭϬ͘ϱϴ ϵϲ͘ϴϭ ϱ͘ϰϭй ϭϮϭ͕ϬϭϬ͘ϳϴ ϭϱϲ͘Ϯϱ Ϭ͘ϱϯй ;Ϯ͕ϵϵϵ͘ϴϬͿ ϮͬͲ A Ϭ͘ϵϰ Ϭ͘ϵϬ ϲϵϯϳϭZZϳϯ WZ&/EE/>KZWϮ͘ϴϱ ϬϰͬϬϳͬϮϬϮϱ ϳϬ͕ϬϬϬ͘ϬϬ ϬϯͬϯϭͬϮϬϮϮ Ϯ͘ϴϲй ϲϵ͕ϵϴϭ͘ϴϬ ϲϵ͕ϵϵϯ͘ϯϯ ϵϳ͘ϲϮ ϱ͘Ϭϵй ϲϴ͕ϯϯϭ͘Ϯϴ ϳϵϴ͘ϬϬ Ϭ͘ϯϬй ;ϭ͕ϲϲϮ͘ϬϱͿ A1/A+ NA ϭ͘ϭϬ ϭ͘Ϭϱ

KE&/
Ed/>ͮϭϭ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϴϳϲϭϮ
>ϵ dZ'
dKZWϮ͘ϮϱϬϰͬϭϱͬϮϬϮϱ ϭϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϭϳͬϮϬϮϮ Ϯ͘Ϭϴй ϭϱϬ͕ϳϯϵ͘ϱϬ ϭϱϬ͕ϮϱϬ͘ϵϭ ϵϲ͘ϴϳ ϱ͘ϭϰй ϭϰϱ͕ϯϭϮ͘Ϯϰ ϭ͕Ϯϳϱ͘ϬϬ Ϭ͘ϲϰй ;ϰ͕ϵϯϴ͘ϲϳͿ A2/AA ϭ͘ϭϯ ϭ͘ϬϴϬϲϰϬϲZϬ E<K&E tzKZ<D
>>KEKZW ϯ͘ϯϱϬϰͬϮϱͬϮϬϮϱ ϭϭϬ͕ϬϬϬ͘ϬϬ 04/19/2022 ϯ͘ϯϱй ϭϬϵ͕ϵϴϰ͘ϲϬ ϭϬϵ͕ϵϵϰ͘ϭϬ ϵϳ͘ϳϵ ϱ͘ϯϰй ϭϬϳ͕ϱϳϮ͘ϭϬ ϭ͕Ϯϴϵ͘ϳϱ Ϭ͘ϰϳй ;Ϯ͕ϰϮϮ͘ϬϬͿ A1/A Ͳ ϭ͘ϭϱ ϭ͘ϭϬϰϲϲϰϳW,ϳ :WDKZ'E,^ ΘKϬ͘ϴϮϰ ϬϲͬϬϭͬϮϬϮϱ ϭϯϬ͕ϬϬϬ͘ϬϬ 05/24/2021 Ϭ͘ϳϴй ϭϯϬ͕ϭϳϬ͘ϭϬ ϭϯϬ͕Ϭϭϰ͘Ϯϴ ϵϴ͘ϲϴ ϱ͘ϵϲй ϭϮϴ͕Ϯϴϲ͘ϳϳ Ϯϲϳ͘ϴϬ Ϭ͘ϱϲй ;ϭ͕ϳϮϳ͘ϱϭͿ ϭͬͲ Ͳ ϭ͘Ϯϱ Ϭ͘Ϯϱ ϰϯϴϱϭϲϬ ,KE
zt
>>/Ed
ZEd/KE>/E ϭ͘ϯϱϬϲͬϬϭͬϮϬϮϱ ϭϱϬ͕ϬϬϬ͘ϬϬ ϬϯͬϬϵͬϮϬϮϮ Ϯ͘ϯϬй ϭϰϱ͕ϱϰϮ͘ϬϬ ϭϰϴ͕ϮϳϬ͘ϱϰ ϵϱ͘ϱϳ ϱ͘Ϭϯй ϭϰϯ͕ϯϲϬ͘ϰϱ ϱϬϲ͘Ϯϱ Ϭ͘ϲϯй ;ϰ͕ϵϭϬ͘ϬϵͿ A2/AA ϭ͘Ϯϱ ϭ͘Ϯϭ ϱϵϰϵϭϴ:Ϯ D/ZK^K&dKZWϯ͘ϭϮϱ ϭϭͬϬϯͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϳͬϮϬϮϯ ϰ͘Ϯϳй ϮϰϮ͕ϲϱϮ͘ϱϬ Ϯϰϱ͕ϱϯϰ͘ϱϵ ϵϳ͘ϮϬ ϰ͘ϴϴй ϮϰϮ͕ϵϵϰ͘ϵϬ Ϯ͕ϱϲϬ͘ϳϲ ϭ͘Ϭϲй ;Ϯ͕ϱϯϵ͘ϲϵͿ Aaa/AAA tZ ϭ͘ϲϴ ϭ͘ϱϵ ϵϮϴϮϲϰ s/^/Eϯ͘ϭϱϭϮͬϭϰͬϮϬϮϱ ϮϬϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϵͬϮϬϮϯ ϰ͘ϱϬй ϭϵϮ͕ϴϱϴ͘ϬϬ ϭϵϱ͕ϰϵϯ͘ϵϴ ϵϲ͘ϵϱ ϰ͘ϵϱй ϭϵϯ͕ϵϬϯ͘ϭϱ ϭ͕ϯϰϳ͘ϱϬ Ϭ͘ϴϱй ;ϭ͕ϱϵϬ͘ϴϰͿ ĂϯͬͲ NA ϭ͘ϳϵ ϭ͘ϳϬϴϱϳϰϳϳZϯ ^dd ^dZ

dKZWϭ͘ϳϰϲ ϬϮͬϬϲͬϮϬϮϲ ϰϬ͕ϬϬϬ͘ϬϬ 02/02/2022 ϭ͘ϳϱй ϰϬ͕ϬϬϬ͘ϬϬ ϰϬ͕ϬϬϬ͘ϬϬ ϵϲ͘ϰϬ ϱ͘ϳϱй ϯϴ͕ϱϲϬ͘Ϭϰ ϰϴ͘ϱϬ Ϭ͘ϭϳй ;ϭ͕ϰϯϵ͘ϵϲͿ A1/A Ͳ ϭ͘ϵϰ Ϭ͘ϵϬ ϳϭϯϰϰϴ&Yϲ W
W^/K/Eϰ͘ϱϱϬϮͬϭϯͬϮϬϮϲ ϰϱ͕ϬϬϬ͘ϬϬ ϬϮͬϭϯͬϮϬϮϯ ϰ͘ϱϳй ϰϰ͕ϵϳϯ͘ϵϬ ϰϰ͕ϵϴϮ͘ϵϳ ϵϵ͘ϰϭ ϰ͘ϴϳй ϰϰ͕ϳϯϯ͘Ϯϴ ϭϬϮ͘ϯϴ Ϭ͘ϮϬй ;Ϯϰϵ͘ϲϵͿ A1/A+ NA ϭ͘ϵϲ ϭ͘ϴϰ ϵϬϳϴϭϴ'
Ϯ hE/KEW/&/KZWϰ͘ϳϱ ϬϮͬϮϭͬϮϬϮϲ ϮϬϬ͕ϬϬϬ͘ϬϬ ϬϮͬϭϰͬϮϬϮϯ ϰ͘ϴϮй ϭϵϵ͕ϱϴϲ͘ϬϬ ϭϵϵ͕ϳϮϳ͘Ϯϳ ϵϵ͘ϳϲ ϰ͘ϴϴй ϭϵϵ͕ϱϮϱ͘ϴϳ Ϯϲϯ͘ϴϵ Ϭ͘ϴϳй ;ϮϬϭ͘ϰϭͿ ϯͬͲ Ͳ ϭ͘ϵϴ ϭ͘ϴϲ Ϭϯϳϴϯϯzϱ WW>
/Eϯ͘ϮϱϬϮͬϮϯͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϭͬϮϬϮϯ ϰ͘Ϯϳй ϮϰϮ͕ϳϱϱ͘ϬϬ Ϯϰϱ͕Ϯϵϵ͘ϴϰ ϵϳ͘ϬϮ ϰ͘ϴϰй ϮϰϮ͕ϱϰϳ͘ϭϰ ϭϴϬ͘ϱϲ ϭ͘Ϭϲй ;Ϯ͕ϳϱϮ͘ϳϬͿ Aaa/AA+ NA ϭ͘ϵϵ ϭ͘ϴϴ ϬϬϰϰϬ
sϵ ,h/E,K>/E'^/Eϯ͘ϯϱ ϬϱͬϬϯͬϮϬϮϲ ϮϬϬ͕ϬϬϬ͘ϬϬ ϬϯͬϬϵͬϮϬϮϯ ϱ͘Ϭϵй ϭϵϬ͕ϬϮϰ͘ϬϬ ϭϵϯ͕ϭϬϮ͘ϵϬ ϵϲ͘ϰϭ ϱ͘ϭϭй ϭϵϮ͕ϴϮϲ͘ϱϴ Ϯ͕ϭϵϲ͘ϭϭ Ϭ͘ϴϰй ;Ϯϳϲ͘ϯϯͿ ϯͬA Ϯ͘ϭϴ Ϯ͘Ϭϰ ϴϵϮϯϲd:<Ϯ dKzKdDKdKZZ
/dKZWϭ͘ϭϮϱ ϬϲͬϭϴͬϮϬϮϲ ϭϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϭϭͬϮϬϮϯ ϰ͘ϱϱй ϭϯϯ͕ϴϲϳ͘ϱϬ ϭϯϵ͕ϭϴϵ͘ϭϲ ϵϭ͘ϳϳ ϰ͘ϵϱй ϭϯϳ͕ϲϱϲ͘Ϭϱ ϯϰϮ͘ϭϵ Ϭ͘ϲϬй ;ϭ͕ϱϯϯ͘ϭϭͿ A1/A+ A+ Ϯ͘ϯϬ Ϯ͘Ϯϭ ϳϰϯϰϬyhϰ WZK>K'/^>Wϯ͘ϮϱϬϲͬϯϬͬϮϬϮϲ ϮϬϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϳͬϮϬϮϯ ϰ͘ϰϮй ϭϵϮ͕ϲϲϮ͘ϬϬ ϭϵϰ͕ϵϴϴ͘Ϯϱ ϵϲ͘Ϭϲ ϱ͘Ϭϲй ϭϵϮ͕ϭϭϭ͘ϱϲ ϭ͕ϭϬϭ͘ϯϵ Ϭ͘ϴϰй ;Ϯ͕ϴϳϲ͘ϲϵͿ ϯͬ NA Ϯ͘ϯϯ Ϯ͘ϭϵ ϴϱϳϰϳϳϯ ^dd
^dZ

dKZWϱ͘ϮϳϮ ϬϴͬϬϯͬϮϬϮϲ ϭϬϬ͕ϬϬϬ͘ϬϬ ϬϳͬϯϭͬϮϬϮϯ ϱ͘Ϯϳй ϭϬϬ͕ϬϬϬ͘ϬϬ ϭϬϬ͕ϬϬϬ͘ϬϬ ϭϬϬ͘ϯϲ ϱ͘ϭϭй ϭϬϬ͕ϯϲϰ͘ϲϲ ϰϭϬ͘Ϭϰ Ϭ͘ϰϰй ϯϲϰ͘ϲϲ A1/A Ͳ Ϯ͘ϰϯ Ϯ͘ϭϳ ϲϵϯϳϭZ^ϱϲ WZ&/EE/>KZWϱ͘Ϭϱ ϬϴͬϭϬͬϮϬϮϲ Ϯϭϱ͕ϬϬϬ͘ϬϬ ϬϴͬϬϯͬϮϬϮϯ ϱ͘Ϭϳй Ϯϭϰ͕ϴϵϮ͘ϱϬ Ϯϭϰ͕ϵϭϮ͘ϱϭ ϭϬϬ͘ϯϱ ϰ͘ϵϬй Ϯϭϱ͕ϳϰϱ͘ϴϯ ϲϯϯ͘ϯϱ Ϭ͘ϵϰй ϴϯϯ͘ϯϮ A1/A+ NA Ϯ͘ϰϱ Ϯ͘Ϯϳ ϬϲϰϮϴϮ E<K&D
Z/Eϱ͘ϱϮϲ ϬϴͬϭϴͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϵͬϭϮͬϮϬϮϯ ϱ͘ϱϰй Ϯϰϵ͕ϵϮϮ͘ϱϬ Ϯϰϵ͕ϵϯϰ͘ϳϱ ϭϬϬ͘ϵϵ ϱ͘Ϭϴй ϮϱϮ͕ϰϳϮ͘ϯϰ ϰϵϴ͘ϴϴ ϭ͘ϭϬй Ϯ͕ϱϯϳ͘ϱϵ Aa1/A+ AA Ϯ͘ϰϳ Ϯ͘ϮϬ ϰϯϳϬϳϲsϮ ,KD

WKd/Eϰ͘ϵϱϬϵͬϯϬͬϮϬϮϲ ϴϬ͕ϬϬϬ͘ϬϬ ϭϭͬϮϳͬϮϬϮϯ ϱ͘Ϭϰй ϳϵ͕ϴϮϰ͘ϴϬ ϳϵ͕ϴϯϵ͘ϳϱ ϭϬϬ͘Ϭϱ ϰ͘ϵϯй ϴϬ͕Ϭϰϯ͘ϳϵ ϵϱϳ͘ϬϬ Ϭ͘ϯϱй ϮϬϰ͘Ϭϰ A2/AA Ϯ͘ϱϵ Ϯ͘ϯϬ ϲϭϲϵϬhϳtϰ DKZ'E^dE>
zE<Eϱ͘ϴϴϮ ϭϬͬϯϬͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϭϬͬϯϭͬϮϬϮϯ ϱ͘ϴϳй ϮϱϬ͕Ϭϳϳ͘ϱϬ ϮϱϬ͕Ϭϲϵ͘Ϭϭ ϭϬϭ͘ϴϰ ϱ͘ϭϭй Ϯϱϰ͕ϱϵϱ͘ϲϮ ϰ͕ϵϬϭ͘ϲϳ ϭ͘ϭϭй ϰ͕ϱϮϲ͘ϲϭ Ăϯͬн Ͳ Ϯ͘ϲϳ Ϯ͘ϯϯ

KE&/
Ed/>ͮϭϮ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϳϭϯϰϰϴ&tϯ W
W^/K/Eϱ͘ϭϮϱϭϭͬϭϬͬϮϬϮϲ ϵϬ͕ϬϬϬ͘ϬϬ ϭϭͬϬϴͬϮϬϮϯ ϱ͘ϭϯй ϴϵ͕ϵϳϱ͘ϳϬ ϴϵ͕ϵϳϴ͘ϭϴ ϭϬϬ͘ϲϯ ϰ͘ϴϲй ϵϬ͕ϱϳϬ͘ϵϱ ϭ͕ϰϮϮ͘ϭϵ Ϭ͘ϰϬй ϱϵϮ͘ϳϳ A1/A+ NA Ϯ͘ϳϬ Ϯ͘ϯϴ ϴϵϭϭϱϮsϯ dKZKEdKͲKD/E/KEE<ϱ͘Ϯϲϰ ϭϮͬϭϭͬϮϬϮϲ ϭϭϱ͕ϬϬϬ͘ϬϬ ϭϮͬϬϰͬϮϬϮϯ ϱ͘Ϯϲй ϭϭϱ͕ϬϬϬ͘ϬϬ ϭϭϱ͕ϬϬϬ͘ϬϬ ϭϬϬ͘ϲϰ ϱ͘Ϭϭй ϭϭϱ͕ϳϯϮ͘ϲϵ ϭ͕ϯϰϱ͘Ϯϰ Ϭ͘ϱϭй ϳϯϮ͘ϲϵ A1/A Ͳ Ϯ͘ϳϴ Ϯ͘ϱϯϮϰϰϮϮ y&ϭ :K,E

Z
W/d>KZWϰ͘ϱ ϬϭͬϬϴͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ 01/18/2024 ϰ͘ϱϮй Ϯϰϵ͕ϴϱϮ͘ϱϬ Ϯϰϵ͕ϴϱϳ͘ϲϴ ϵϵ͘Ϯϯ ϰ͘ϳϵй Ϯϰϴ͕Ϭϲϵ͘ϳϭ ϭ͕ϲϱϲ͘Ϯϱ ϭ͘Ϭϵй ;ϭ͕ϳϴϳ͘ϵϴͿ A1/A A+ Ϯ͘ϴϲ Ϯ͘ϲϯϳϴϬϭϲ,dϬ ZKz>E<K&Eϰ͘ϴϳϱ ϬϭͬϭϵͬϮϬϮϳ Ϯϭϱ͕ϬϬϬ͘ϬϬ 01/10/2024 ϰ͘ϴϴй Ϯϭϰ͕ϵϰϲ͘Ϯϱ Ϯϭϰ͕ϵϰϴ͘ϯϭ ϵϵ͘ϱϰ ϱ͘Ϭϱй Ϯϭϰ͕ϬϭϬ͘ϳϳ ϭ͕ϮϮϮ͘ϴϭ Ϭ͘ϵϰй ;ϵϯϳ͘ϱϰͿ A1/A Ͳ Ϯ͘ϴϵ Ϯ͘ϲϰ ϲϲϱϴϱϵtϰ EKZd,
ZEdZh^dKZWϰ͘Ϭ ϬϱͬϭϬͬϮϬϮϳ ϭϱϬ͕ϬϬϬ͘ϬϬ ϭϬͬϭϯͬϮϬϮϮ ϱ͘ϬϬй ϭϰϯ͕ϵϭϲ͘ϬϬ ϭϰϱ͕ϳϰϯ͘ϬϮ ϵϳ͘ϭϲ ϰ͘ϵϳй ϭϰϱ͕ϳϯϳ͘ϴϵ ϭ͕ϴϱϬ͘ϬϬ Ϭ͘ϲϰй ;ϱ͘ϭϯͿ A2/A+ A+ ϯ͘ϭϵ Ϯ͘ϵϮ Total Corporate 5,160,000.00 3.52%
5,111,077.205,119,024.95

98.46 5.10%
5,078,590.20
32,076.76

22.22%
(40,434.76)
A1/A
A+

1.731.57
DKE
zDZ<
dFUND
ϯϭϴϰϲsϮϬϯ &/Z^dD
Z͗'sdK>'z Ϯϱϲ͕ϱϯϭ͘ϭϲ
ͲͲ
ϰ͘ϵϭй
Ϯϱϲ͕ϱϯϭ͘ϭϲϮϱϲ͕ϱϯϭ͘ϭϲ
ϭ͘ϬϬ
ϰ͘ϵϭй
Ϯϱϲ͕ϱϯϭ͘ϭϲ
Ϭ͘ϬϬ
ϭ͘ϭϮй
Ϭ͘ϬϬ
Aaa/
AAAm
AAA
Ϭ͘ϬϬϬ͘ϬϬ
Total Money
Market Fund 256,531.16 4.91%
256,531.16256,531.16

1.00 4.91%
256,531.16

0.00 1.12%

0.00 Aaa/
AAAm
AAA

0.000.00

NEGOTIABLE CD
ϵϲϭϯϬh,ϵ tĞƐƚƉĂĐĂŶŬŝŶŐŽƌƉŽƌĂƟŽŶͲEĞǁ zŽƌŬƌĂŶĐŚϱ͘ϳϴϬϰͬϭϮͬϮϬϮϰ ϱϬϬ͕ϬϬϬ͘ϬϬ ϬϴͬϯϬͬϮϬϮϯ ϱ͘ϳϱй ϰϵϵ͕ϵϲϱ͘ϭϴ ϰϵϵ͕ϵϵϯ͘ϱϬ ϭϬϬ͘Ϭϯ ϱ͘ϯϬй ϱϬϬ͕ϭϲϳ͘ϱϬ ϭϴ͕ϯϬϯ͘ϯϯ Ϯ͘ϭϵй ϭϳϰ͘ϬϬ WͲϭͬͲϭн NA Ϭ͘ϭϮ Ϭ͘ϭϮ dŽƚĂůEĞŐŽƟĂďůĞCD 500,000.00
08/30/2023

5.75%
499,965.18499,993.50
100.03

5.30%
500,167.50
18,303.33

2.19%
174.00
WͲϭͬͲϭн
NA

0.120.12
^hWZEd/KE>
ϰϱϴϭyϬ

ϰ /Ed
ZͲD
Z/E
s
>KWD
Ed E<ϯ͘ϮϱϬϳͬϬϭͬϮϬϮϰ ϭϮϬ͕ϬϬϬ͘ϬϬ ϬϲͬϮϮͬϮϬϮϮ ϯ͘Ϯϲй ϭϭϵ͕ϵϴϴ͘ϬϬ ϭϭϵ͕ϵϵϴ͘ϬϬ ϵϵ͘Ϯϳ ϱ͘ϰϭй ϭϭϵ͕ϭϮϱ͘ϭϳ ϲϱϬ͘ϬϬ Ϭ͘ϱϮй ;ϴϳϮ͘ϴϯͿ Aaa/AAA NA Ϭ͘ϯϰ Ϭ͘ϯϯ ϰϱϴϭyϬϴ /Ed
ZͲD
Z/E
s
>KWD
Ed E<Ϭ͘ϱϬϵͬϮϯͬϮϬϮϰ ϭϵϱ͕ϬϬϬ͘ϬϬ 09/15/2021 Ϭ͘ϱϮй ϭϵϰ͕ϴϱϱ͘ϳϬ ϭϵϰ͕ϵϳϮ͘ϴϴ ϵϳ͘ϯϲ ϱ͘Ϯϵй ϭϴϵ͕ϴϰϴ͘ϳϮ ϰϮϳ͘ϵϮ Ϭ͘ϴϯй ;ϱ͕ϭϮϰ͘ϭϲͿ Aaa/AAA NA Ϭ͘ϱϳ Ϭ͘ϱϰ ϰϱϵϱϬ<Zϵ /Ed
ZEd/KE>&/EE
KZW ϭ͘ϯϳϱϭϬͬϭϲͬϮϬϮϰ ϭϬϬ͕ϬϬϬ͘ϬϬ ϬϳͬϮϵͬϮϬϮϭ Ϭ͘ϰϳй ϭϬϮ͕ϴϵϴ͘ϬϬ ϭϬϬ͕ϱϲϲ͘ϳϯ ϵϳ͘ϱϵ ϱ͘ϯϭй ϵϳ͕ϱϴϳ͘ϳϵ ϱϭϱ͘ϲϮ Ϭ͘ϰϯй ;Ϯ͕ϵϳϴ͘ϵϰͿ Aaa/AAA NA Ϭ͘ϲϯ Ϭ͘ϲϭ

KE&/
Ed/>ͮϭϯ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϰϱϴϭyϬ
<Ϭ /Ed
ZͲD
Z/E
s
>KWD
Ed E<ϰ͘ϱϬϱͬϭϱͬϮϬϮϲ ϭϱϬ͕ϬϬϬ͘ϬϬ ϬϲͬϮϳͬϮϬϮϯ ϰ͘ϱϯй ϭϰϵ͕ϴϴϰ͘ϱϬ ϭϰϵ͕ϵϭϬ͘ϵϰ ϵϵ͘ϲϱ ϰ͘ϲϳй ϭϰϵ͕ϰϲϳ͘ϴϰ ϭ͕ϵϴϳ͘ϱϬ Ϭ͘ϲϱй ;ϰϰϯ͘ϭϬͿ Aaa/AAA NA Ϯ͘Ϯϭ Ϯ͘Ϭϱ ϰϱϵϱϬ<&ϰ /Ed
ZEd/KE>&/EE
KZW ϰ͘ϯϳϱϬϭͬϭϱͬϮϬϮϳ ϮϯϬ͕ϬϬϬ͘ϬϬ ϭϭͬϮϵͬϮϬϮϯ ϰ͘ϰϵй ϮϮϵ͕ϮϱϬ͘ϮϬ ϮϮϵ͕ϯϬϲ͘ϵϲ ϵϵ͘ϲϮ ϰ͘ϱϮй ϮϮϵ͕ϭϮϱ͘ϱϵ ϭ͕Ϯϴϱ͘ϳϲ ϭ͘ϬϬй ;ϭϴϭ͘ϯϳͿ Aaa/AAA NA Ϯ͘ϴϴ Ϯ͘ϲϲ ϰϱϵϬϱϴ<dϵ
/Ed
ZEd/KE>E<&KZZ
KE^dZhd/KEE
s
>KWDϯ͘ϱϬϳͬϭϮͬϮϬϮϴ
ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϵͬϮϴͬϮϬϮϯ ϰ͘ϴϮй Ϯϯϲ͕ϬϮϮ͘ϱϬ Ϯϯϳ͕ϮϯϮ͘Ϭϭ ϵϲ͘ϰϯ ϰ͘ϰϭй Ϯϰϭ͕Ϭϳϯ͘ϯϲ ϭ͕ϭϵϬ͘ϵϳ ϭ͘Ϭϱй ϯ͕ϴϰϭ͘ϯϰ Aaa/AAA NA ϰ͘ϯϳ ϯ͘ϵϳ Total ^ƵƉƌĂŶĂƟŽŶĂů 1,045,000.00 3.31%
1,032,898.901,031,987.52

98.22 4.84%
1,026,228.46
6,057.78

4.49%
(5,759.06)
Aaa/AAA
NA

2.192.02

US TREASURY
ϵϭϮϴϮϯ hE/d
^dd
^dZ
^hZzϬ͘Ϯϱ 05/15/2024 ϮϱϬ͕ϬϬϬ͘ϬϬ 05/12/2021 Ϭ͘ϯϱй Ϯϰϵ͕Ϯϭϴ͘ϳϱ Ϯϰϵ͕ϵϰϲ͘ϰϰ ϵϴ͘ϵϲ ϱ͘ϯϬй Ϯϰϳ͕ϯϵϮ͘ϱϴ ϭϴϯ͘ϳϮ ϭ͘Ϭϴй ;Ϯ͕ϱϱϯ͘ϴϲͿ Aaa/AA+ AA+ Ϭ͘Ϯϭ Ϭ͘ϮϬ ϵϭϮϴϮ'ϰ hE/d
^dd
^dZ
^hZzϬ͘Ϯϱ ϬϲͬϭϱͬϮϬϮϰ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϲͬϭϬͬϮϬϮϭ Ϭ͘ϯϯй Ϯϰϵ͕ϰϮϯ͘ϴϯ Ϯϰϵ͕ϵϰϰ͘Ϯϴ ϵϴ͘ϱϰ ϱ͘ϯϮй Ϯϰϲ͕ϯϰϳ͘ϲϲ ϭϯϭ͘ϰϵ ϭ͘Ϭϴй ;ϯ͕ϱϵϲ͘ϲϮͿ Aaa/AA+ AA+ Ϭ͘Ϯϵ Ϭ͘Ϯϵ ϵϭϮϴϮ>ϯ hE/d
^dd
^dZ
^hZzϬ͘ϯϳϱ ϬϳͬϭϱͬϮϬϮϰ ϮϱϬ͕ϬϬϬ͘ϬϬ 08/05/2021 Ϭ͘ϯϳй ϮϱϬ͕Ϭϲϴ͘ϯϲ ϮϱϬ͕ϬϬϴ͘ϲϲ ϵϴ͘ϭϴ ϱ͘Ϯϵй Ϯϰϱ͕ϰϱϴ͘ϵϴ ϭϭϴ͘ϰϴ ϭ͘Ϭϳй ;ϰ͕ϱϰϵ͘ϲϳͿ Aaa/AA+ AA+ Ϭ͘ϯϴ Ϭ͘ϯϳ ϵϭϮϴϮdϲ hE/d
^dd
^dZ
^hZzϬ͘ϯϳϱ 08/15/2024 ϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬ ϭϮͬϬϴͬϮϬϮϯ ϱ͘Ϯϯй ϵϲϳ͕ϵϲϴ͘ϳϱ ϵϳϴ͕ϰϯϬ͘ϱϳ ϵϳ͘ϴϬ ϱ͘Ϯϲй ϵϳϳ͕ϵϲϴ͘ϳϱ ϭϱϰ͘ϱϯ ϰ͘Ϯϴй ;ϰϲϭ͘ϴϮͿ Aaa/AA+ AA+ Ϭ͘ϰϲ Ϭ͘ϰϱ ϵϭϮϳϵϳ'tϭ hE/d
^dd
^dZ
^hZz ϭϬͬϬϯͬϮϬϮϰ ϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬ ϭϬͬϯϭͬϮϬϮϯ ϱ͘ϰϰй ϵϱϭ͕ϳϮϬ͘Ϭϳ ϵϲϵ͕Ϭϱϱ͘ϬϬ ϵϳ͘Ϭϱ ϱ͘ϭϬй ϵϳϬ͕ϱϭϬ͘ϬϬ Ϭ͘ϬϬ ϰ͘Ϯϱй ϭ͕ϰϱϱ͘ϬϬ WͲϭͬͲϭн F1+ Ϭ͘ϱϵ Ϭ͘ϱϴ ϵϭϮϴϮϰ hE/d
^dd
^dZ
^hZzϬ͘ϲϮϱ 10/15/2024 ϮϱϬ͕ϬϬϬ͘ϬϬ 10/14/2021 Ϭ͘ϲϯй Ϯϰϵ͕ϵϴϬ͘ϰϳ Ϯϰϵ͕ϵϵϱ͘ϵϰ ϵϳ͘ϮϬ ϱ͘Ϯϯй Ϯϰϯ͕ϬϬϳ͘ϴϭ ϱϴϵ͘ϭϰ ϭ͘Ϭϲй ;ϲ͕ϵϴϴ͘ϭϮͿ Aaa/AA+ AA+ Ϭ͘ϲϯ Ϭ͘ϲϭ ϵϭϮϴϮ,ϭ hE/d
^dd
^dZ
^hZzϬ͘ϳϱ 11/15/2024 ϯϱϬ͕ϬϬϬ͘ϬϬ ϬϮͬϬϯͬϮϬϮϯ ϰ͘ϯϵй ϯϮϴ͕ϱϮϭ͘ϰϴ ϯϰϭ͕ϰϭϱ͘ϮϮ ϵϲ͘ϵϲ ϱ͘ϭϲй ϯϯϵ͕ϯϳϲ͘ϵϱ ϳϳϭ͘ϲϯ ϭ͘ϰϵй ;Ϯ͕Ϭϯϴ͘ϮϳͿ Aaa/AA+ AA+ Ϭ͘ϳϭ Ϭ͘ϲϵ ϵϭϮϴϮϴϱϮ hE/d
^dd
^dZ
^hZzϭ͘ϯϳϱ ϬϭͬϯϭͬϮϬϮϱ ϮϬϬ͕ϬϬϬ͘ϬϬ ϬϮͬϭϲͬϮϬϮϭ Ϭ͘ϯϴй ϮϬϳ͕ϴϰϯ͘ϳϱ ϮϬϭ͕ϴϮϱ͘ϭϰ ϵϲ͘ϳϬ ϱ͘Ϭϵй ϭϵϯ͕ϯϵϬ͘ϲϮ ϮϮϲ͘ϲϱ Ϭ͘ϴϱй ;ϴ͕ϰϯϰ͘ϱϭͿ Aaa/AA+ AA+ Ϭ͘ϵϮ Ϭ͘ϴϵ ϵϭϮϴϮϴϳ hE/d
^dd
^dZ
^hZzϭ͘ϭϮϱ 02/28/2025 ϮϱϬ͕ϬϬϬ͘ϬϬ 02/09/2022 ϭ͘ϱϵй Ϯϰϲ͕ϱϯϯ͘ϮϬ Ϯϰϴ͕ϴϲϳ͘ϮϮ ϵϲ͘Ϯϭ ϱ͘Ϭϲй ϮϰϬ͕ϱϮϳ͘ϯϰ ϳ͘ϲϰ ϭ͘Ϭϱй ;ϴ͕ϯϯϵ͘ϴϴͿ Aaa/AA+ AA+ ϭ͘ϬϬ Ϭ͘ϵϳ ϵϭϮϴϮϴ&Ϭ hE/d
^dd
^dZ
^hZzϬ͘ϱ ϬϯͬϯϭͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϯͬϭϳͬϮϬϮϭ Ϭ͘ϲϯй Ϯϰϴ͕ϲϳϭ͘ϴϴ Ϯϰϵ͕ϲϰϰ͘Ϭϵ ϵϱ͘ϯϬ ϱ͘ϬϬй Ϯϯϴ͕Ϯϲϭ͘ϳϮ ϱϮϮ͘ϱϰ ϭ͘Ϭϰй ;ϭϭ͕ϯϴϮ͘ϯϳͿ Aaa/AA+ AA+ ϭ͘Ϭϴ ϭ͘Ϭϱ ϵϭϮϴϮϴ>ϳ hE/d
^dd
^dZ
^hZzϬ͘ϯϳϱ ϬϰͬϯϬͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϯͬϯϬͬϮϬϮϭ Ϭ͘ϲϲй Ϯϰϳ͕ϭϯϴ͘ϲϳ Ϯϰϵ͕ϭϴϰ͘ϰϬ ϵϰ͘ϴϴ ϰ͘ϵϰй Ϯϯϳ͕ϭϵϳ͘Ϯϲ ϯϭϰ͘ϮϮ ϭ͘Ϭϰй ;ϭϭ͕ϵϴϳ͘ϭϯͿ Aaa/AA+ AA+ ϭ͘ϭϳ ϭ͘ϭϯϵϭϮϴϮϴdϬ hE/d ^dd
^dZ
^hZzϬ͘Ϯϱ ϬϱͬϯϭͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ 10/14/2021 Ϭ͘ϳϴй Ϯϰϱ͕Ϯϰϰ͘ϭϰ Ϯϰϴ͕ϯϲϮ͘Ϭϯ ϵϰ͘ϯϵ ϰ͘ϵϮй Ϯϯϱ͕ϵϴϲ͘ϯϯ ϭϱϳ͘ϭϬ ϭ͘Ϭϯй ;ϭϮ͕ϯϳϱ͘ϳϬͿ Aaa/AA+ AA+ ϭ͘Ϯϱ ϭ͘ϮϮ

KE&/
Ed/>ͮϭϰ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳHOLDINGS REPORT Cusip ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WĂƌsĂůƵĞͬ Units WƵƌĐŚĂƐĞĂƚĞ WƵƌĐŚĂƐĞzŝĞůĚ Cost Value Book Value DŬƚWƌŝĐĞ Mkt YTM Market Value Accrued Int. йŽĨWŽƌƚ͘ Gain/Loss DŽŽĚLJΖƐͬ ^ΘW Fitch Maturity ƵƌĂƟŽŶ ϵϭϮϴϮϳ hE/d
^dd
^dZ
^hZzϬ͘Ϯϱ ϬϳͬϯϭͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ 12/02/2021 ϭ͘Ϭϱй ϮϰϮ͕ϳϱϯ͘ϵϭ Ϯϰϳ͕ϭϵϱ͘ϵϰ ϵϯ͘ϳϳ ϰ͘ϴϰй Ϯϯϰ͕ϰϯϯ͘ϲϬ ϱϭ͘ϱϭ ϭ͘Ϭϯй ;ϭϮ͕ϳϲϮ͘ϯϰͿ Aaa/AA+ AA+ ϭ͘ϰϮ ϭ͘ϯϴ 9128285C0 hE/d
^dd
^dZ
^hZzϯ͘Ϭ ϬϵͬϯϬͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ 05/05/2022 Ϯ͘ϵϵй ϮϱϬ͕Ϭϵϳ͘ϲϲ ϮϱϬ͕Ϭϰϱ͘ϰϭ ϵϳ͘ϯϭ ϰ͘ϳϴй Ϯϰϯ͕Ϯϴϭ͘Ϯϱ ϯ͕ϭϯϱ͘Ϯϱ ϭ͘Ϭϲй ;ϲ͕ϳϲϰ͘ϭϲͿ Aaa/AA+ AA+ ϭ͘ϱϵ ϭ͘ϱϬϵϭϮϴϮϴϱ:ϱ hE/d ^dd
^dZ
^hZzϯ͘Ϭ ϭϬͬϯϭͬϮϬϮϱ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϲͬϬϵͬϮϬϮϮ ϯ͘Ϭϱй Ϯϰϵ͕ϱϴϬ͘Ϭϴ Ϯϰϵ͕ϳϵϯ͘ϭϬ ϵϳ͘ϮϮ ϰ͘ϳϱй Ϯϰϯ͕Ϭϰϲ͘ϴϴ Ϯ͕ϱϭϯ͘ϳϰ ϭ͘Ϭϲй ;ϲ͕ϳϰϲ͘ϮϮͿ Aaa/AA+ AA+ ϭ͘ϲϳ ϭ͘ϱϴϵϭϮϴϮϴϲ^ϰ hE/d ^dd
^dZ
^hZzϮ͘ϯϳϱ ϬϰͬϯϬͬϮϬϮϲ ϯϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϳͬϮϬϮϯ ϯ͘ϴϰй ϯϯϰ͕ϰϵϲ͘Ϭϵ ϯϯϵ͕ϲϳϮ͘ϳϴ ϵϱ͘ϰϵ ϰ͘ϱϴй ϯϯϰ͕ϮϮϮ͘ϲϲ Ϯ͕ϳϴϲ͘Ϭϲ ϭ͘ϰϲй ;ϱ͕ϰϱϬ͘ϭϮͿ Aaa/AA+ AA+ Ϯ͘ϭϳ Ϯ͘ϬϲϵϭϮϴϮϴϮϳ hE/d ^dd
^dZ
^hZzϭ͘ϱ ϬϴͬϭϱͬϮϬϮϲ ϯϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϳͬϮϬϮϯ ϯ͘ϴϯй ϯϮϯ͕ϭϳϱ͘ϳϴ ϯϯϭ͕ϯϵϭ͘Ϭϵ ϵϯ͘Ϭϲ ϰ͘ϱϭй ϯϮϱ͕ϳϬϱ͘Ϭϴ Ϯϭϲ͘ϯϱ ϭ͘ϰϯй ;ϱ͕ϲϴϲ͘ϬϭͿ Aaa/AA+ AA+ Ϯ͘ϰϲ Ϯ͘ϯϳ 912828U24 hE/d
^dd
^dZ
^hZzϮ͘Ϭ ϭϭͬϭϱͬϮϬϮϲ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϳͬϮϬϮϯ ϯ͘ϳϵй Ϯϯϰ͕ϯϱϱ͘ϰϳ Ϯϯϴ͕ϴϮϴ͘ϱϲ ϵϯ͘ϳϵ ϰ͘ϰϲй Ϯϯϰ͕ϰϴϮ͘ϰϮ ϭ͕ϰϲϵ͘ϳϴ ϭ͘Ϭϯй ;ϰ͕ϯϰϲ͘ϭϰͿ Aaa/AA+ AA+ Ϯ͘ϳϭ Ϯ͘ϱϳ ϵϭϮϴϮ
&ϰ hE/d
^dd
^dZ
^hZzϮ͘ϱ ϬϯͬϯϭͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ 10/21/2022 ϰ͘ϰϬй Ϯϯϭ͕ϬϮϱ͘ϯϵ Ϯϯϲ͕ϴϬϲ͘ϵϬ ϵϰ͘ϱϱ ϰ͘ϰϭй Ϯϯϲ͕ϯϴϲ͘ϳϮ Ϯ͕ϲϭϮ͘ϳϬ ϭ͘Ϭϯй ;ϰϮϬ͘ϭϴͿ Aaa/AA+ AA+ ϯ͘Ϭϴ Ϯ͘ϴϵ ϵϭϮϴϮ
tϳ hE/d
^dd
^dZ
^hZzϯ͘Ϯϱ ϬϲͬϯϬͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ ϭϬͬϭϯͬϮϬϮϮ ϰ͘Ϯϲй Ϯϯϵ͕Ϯϳϳ͘ϯϰ ϮϰϮ͕ϰϬϭ͘ϲϲ ϵϲ͘ϱϮ ϰ͘ϯϴй Ϯϰϭ͕Ϯϵϴ͘ϴϯ ϭ͕ϯϲϭ͘ϲϭ ϭ͘Ϭϲй ;ϭ͕ϭϬϮ͘ϴϯͿ Aaa/AA+ AA+ ϯ͘ϯϯ ϯ͘ϭϬ ϵϭϮϴϮ&,ϵ hE/d
^dd
^dZ
^hZzϯ͘ϭϮϱ ϬϴͬϯϭͬϮϬϮϳ ϮϱϬ͕ϬϬϬ͘ϬϬ ϬϭͬϮϬͬϮϬϮϯ ϯ͘ϱϵй Ϯϰϱ͕Ϭϲϴ͘ϯϲ Ϯϰϲ͕ϮϱϬ͘ϲϲ ϵϱ͘ϵϲ ϰ͘ϯϴй Ϯϯϵ͕ϴϵϮ͘ϱϴ Ϯϭ͘Ϯϯ ϭ͘Ϭϱй ;ϲ͕ϯϱϴ͘ϬϵͿ Aaa/AA+ AA+ ϯ͘ϱϬ ϯ͘Ϯϲ ϵϭϮϴϮ&Dϴ hE/d
^dd
^dZ
^hZzϰ͘ϭϮϱ ϬϵͬϯϬͬϮϬϮϳ ϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬ ϭϬͬϭϭͬϮϬϮϯ ϰ͘ϳϬй ϵϳϵ͕ϱϳϬ͘ϯϭ ϵϴϭ͕ϱϱϴ͘Ϯϵ ϵϵ͘ϭϵ ϰ͘ϯϳй ϵϵϭ͕ϵϭϰ͘Ϭϲ ϭϳ͕Ϯϰϯ͘ϴϱ ϰ͘ϯϰй ϭϬ͕ϯϱϱ͘ϳϳ Aaa/AA+ AA+ ϯ͘ϱϵ ϯ͘Ϯϰ ϵϭϮϴϮϴϰsϵ hE/d
^dd
^dZ
^hZzϮ͘ϴϳϱ 08/15/2028 ϱϬϬ͕ϬϬϬ͘ϬϬ 02/09/2024 ϰ͘ϭϳй ϰϳϯ͕ϱϵϯ͘ϳϱ ϰϳϯ͕ϴϴϮ͘ϱϮ ϵϰ͘Ϯϰ ϰ͘ϯϭй ϰϳϭ͕ϮϭϬ͘ϵϰ ϱϵϮ͘ϯϴ Ϯ͘Ϭϲй ;Ϯ͕ϲϳϭ͘ϱϴͿ Aaa/AA+ AA+ ϰ͘ϰϲ ϰ͘ϭϭ Total US Treasury 8,500,000.00 3.40%
8,245,327.498,324,505.88

96.64 4.85%
8,211,301.02
35,181.59

35.93%
(113,204.86)
Aaa/AA+
AA+

1.731.62
dŽƚĂůWŽƌƞŽůŝŽ 23,354,604.95 3.75%
22,936,382.0723,059,509.66

96.78 4.90%
22,852,307.93
168,187.31
100.00%
(207,201.72)
ĂϮͬͲ
AA

1.951.72
Total Market Value + Accrued 23,020,495.24

KE&/
Ed/>ͮϭϱ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/Loss

ACQUISITIONS
WƵƌĐŚĂƐĞ 02/02/2024 ϯϭϴϰϲsϮϬϯ ϭϳϱ͘ϬϬ &/Z^dD
Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϭϳϱ͘ϬϬͿ Ϭ͘ϬϬ ;ϭϳϱ͘ϬϬͿ Ϭ͘ϬϬ
WƵƌĐŚĂƐĞ 02/02/2024 ϯϭϴϰϲsϮϬϯ ϭϬϬ͕ϰϰϵ͘ϯϴ &/Z^dD
Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϭϬϬ͕ϰϰϵ͘ϯϴͿ Ϭ͘ϬϬ ;ϭϬϬ͕ϰϰϵ͘ϯϴͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/05/2024 ϯϭϴϰϲsϮϬϯ Ϯ͕ϲϯϲ͘ϬϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;Ϯ͕ϲϯϲ͘ϬϬͿ Ϭ͘ϬϬ ;Ϯ͕ϲϯϲ͘ϬϬͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϬϲͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϯϰϵ͘ϮϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϯϰϵ͘ϮϬͿ Ϭ͘ϬϬ ;ϯϰϵ͘ϮϬͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϬϳͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϭ͕ϭϳϭ͘ϴϴ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϭ͕ϭϳϭ͘ϴϴͿ Ϭ͘ϬϬ ;ϭ͕ϭϳϭ͘ϴϴͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/12/2024 ϵϭϮϴϮϴϰsϵ ϱϬϬ͕ϬϬϬ͘ϬϬ hE/d ^dd
^dZ
^hZz Ϯ͘ϴϳϱϬϴͬϭϱͬϮϬϮϴ ϵϰ͘ϳϭϵ ϰ͘ϭϳй ;ϰϳϯ͕ϱϵϯ͘ϳϱͿ ;ϳ͕ϬϳϬ͘ϯϭͿ ;ϰϴϬ͕ϲϲϰ͘ϬϲͿ Ϭ͘ϬϬ WƵƌĐŚĂƐĞ ϬϮͬϭϯͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϭ͕ϬϮϯ͘ϳϱ &/Z^dD
Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϴϵй ;ϭ͕ϬϮϯ͘ϳϱͿ Ϭ͘ϬϬ ;ϭ͕ϬϮϯ͘ϳϱͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/14/2024 ϯϭϴϰϲsϮϬϯ ϱ͕ϲϮϱ͘ϬϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϱ͕ϲϮϱ͘ϬϬͿ Ϭ͘ϬϬ ;ϱ͕ϲϮϱ͘ϬϬͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/15/2024 ϯϭϴϰϲsϮϬϯ ϯϴ͕ϴϰϮ͘ϭϰ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϯϴ͕ϴϰϮ͘ϭϰͿ Ϭ͘ϬϬ ;ϯϴ͕ϴϰϮ͘ϭϰͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϭϲͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϯ͕ϭϴϱ͘Ϯϵ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϯ͕ϭϴϱ͘ϮϵͿ Ϭ͘ϬϬ ;ϯ͕ϭϴϱ͘ϮϵͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϭϲͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϴϲ͕ϰϴϰ͘ϱϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϴϲ͕ϰϴϰ͘ϱϬͿ Ϭ͘ϬϬ ;ϴϲ͕ϰϴϰ͘ϱϬͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/20/2024 ϯϭϴϰϲsϮϬϯ ϭϬ͕ϲϲϳ͘ϱϮ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϴϳй ;ϭϬ͕ϲϲϳ͘ϱϮͿ Ϭ͘ϬϬ ;ϭϬ͕ϲϲϳ͘ϱϮͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/21/2024 ϯϭϴϰϲsϮϬϯ ϰ͕ϲϳϭ͘ϰϮ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϰ͕ϲϳϭ͘ϰϮͿ Ϭ͘ϬϬ ;ϰ͕ϲϳϭ͘ϰϮͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/21/2024 ϯϭϴϰϲsϮϬϯ ϰ͕ϳϱϬ͘ϬϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϰ͕ϳϱϬ͘ϬϬͿ Ϭ͘ϬϬ ;ϰ͕ϳϱϬ͘ϬϬͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϮϯͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϯ͕ϵϱϴ͘ϯϯ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϯ͕ϵϱϴ͘ϯϯͿ Ϭ͘ϬϬ ;ϯ͕ϵϱϴ͘ϯϯͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϮϲͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϳ͕ϴϰϲ͘Ϭϲ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϳ͕ϴϰϲ͘ϬϲͿ Ϭ͘ϬϬ ;ϳ͕ϴϰϲ͘ϬϲͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ ϬϮͬϮϲͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ϯ͕ϵϳϰ͘ϵϮ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϮй ;ϯ͕ϵϳϰ͘ϵϮͿ Ϭ͘ϬϬ ;ϯ͕ϵϳϰ͘ϵϮͿ Ϭ͘ϬϬWƵƌĐŚĂƐĞ 02/29/2024 ϯϭϴϰϲsϮϬϯ ϱ͕ϯϭϮ͘ϱϬ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ;ϱ͕ϯϭϮ͘ϱϬͿ Ϭ͘ϬϬ ;ϱ͕ϯϭϮ͘ϱϬͿ Ϭ͘ϬϬ dŽƚĂůWƵƌĐŚĂƐĞ 781,122.89 (754,716.64) (7,070.31) (761,786.95) 0.00 TOTAL ACQUISITIONS 781,122.89 (754,716.64) (7,070.31) (761,786.95) 0.00 /^WK^/d/KE^
Sale ϬϮͬϬϳͬϮϬϮϰ ϯϭϴϰϲsϮϬϯ ;ϭ͕ϵϭϵ͘ϰϬͿ &/Z^dD
Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ϭ͕ϵϭϵ͘ϰϬ Ϭ͘ϬϬ ϭ͕ϵϭϵ͘ϰϬ Ϭ͘ϬϬ
Sale 02/12/2024 ϵϭϮϴϮϴϱϲ ;ϯϱϬ͕ϬϬϬ͘ϬϬͿ hE/d
^dd
^dZ
^hZz Ϯ͘ϯϳϱϬϴͬϭϱͬϮϬϮϰ ϵϴ͘ϱϵϴ ϰ͘ϱϭй ϯϰϱ͕Ϭϵϭ͘ϴϬ ;ϰ͕Ϭϴϴ͘ϰϵͿ ϯϰϵ͕ϭϴϬ͘Ϯϵ ;ϭ͕ϮϴϮ͘ϳϯͿSale 02/12/2024 ϯϭϴϰϲsϮϬϯ ;ϭϮϲ͕Ϭϱϱ͘ϬϮͿ &/Z^dD Z͗'sdK>'z ϭ͘ϬϬϬ ϰ͘ϵϯй ϭϮϲ͕Ϭϱϱ͘ϬϮ Ϭ͘ϬϬ ϭϮϲ͕Ϭϱϱ͘ϬϮ Ϭ͘ϬϬ Total Sale (477,974.42) 473,066.22 (4,088.49) 477,154.71 (1,282.73)dKd>/^WK^/d/KE^ (477,974.42) 473,066.22 (4,088.49) 477,154.71 (1,282.73)

KE&/
Ed/>ͮϭϲ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/Loss Kd,
ZTRANSACTIONS
ĂůůZĞĚĞŵƉƟŽŶ ϬϮͬϭϲͬϮϬϮϰ ϰϲϲϰϳWzϭ ;ϴϱ͕ϬϬϬ͘ϬϬͿ :WDKZ'E,^ ΘKϬ͘ϱϲϯ ϬϮͬϭϲͬϮϬϮϱ ϭϬϬ͘ϬϬϬ Ϭ͘ϱϲй ϴϱ͕ϬϬϬ͘ϬϬ Ϭ͘ϬϬ ϴϱ͕ϬϬϬ͘ϬϬ Ϭ͘ϬϬ dŽƚĂůĂůůZĞĚĞŵƉƟŽŶ (85,000.00) 85,000.00 0.00 85,000.00 0.00 Coupon 02/01/2024 ϯϭϯϳ<Z:ϭ Ϭ͘ϬϬ &,D^<ͲϬϰϳϮϯ͘ϯϮϵ 05/25/2025 Ϯ͘ϵϱй Ϯϳϳ͘ϰϮ Ϭ͘ϬϬ Ϯϳϳ͘ϰϮ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳDdyϰ Ϭ͘ϬϬ &,D^<ͲϬϱϮϮϯ͘ϭϱϭ 11/25/2025 ϰ͘ϰϵй ϲϱϲ͘ϰϲ Ϭ͘ϬϬ ϲϱϲ͘ϰϲ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳE'dϱ Ϭ͘ϬϬ &,D^<ͲϬϱϰϮϮ͘ϳϰϱ ϬϭͬϮϱͬϮϬϮϲ ϰ͘ϱϴй ϱϳϭ͘ϴϴ Ϭ͘ϬϬ ϱϳϭ͘ϴϴ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳYz^Ϭ Ϭ͘ϬϬ &,D^<ͲϬϱϲϮϮ͘ϱϮϱ ϬϱͬϮϱͬϮϬϮϲ ϰ͘Ϯϱй ϱϮϲ͘Ϭϰ Ϭ͘ϬϬ ϱϮϲ͘Ϭϰ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳ^WϳϮ Ϭ͘ϬϬ &,D^<ͲϬϱϴϮϮ͘ϲϱϯ ϬϴͬϮϱͬϮϬϮϲ ϰ͘Ϭϲй ϱϱϮ͘ϳϭ Ϭ͘ϬϬ ϱϱϮ͘ϳϭ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳsϴϮ Ϭ͘ϬϬ &,D^<ͲϬϲϯϮϯ͘ϰϯ ϬϭͬϮϱͬϮϬϮϳ ϰ͘ϭϴй ϳϭϰ͘ϱϴ Ϭ͘ϬϬ ϳϭϰ͘ϱϴ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳ&yϯ Ϭ͘ϬϬ &,D^<ͲϬϲϴϮϯ͘Ϯϰϰ ϬϴͬϮϱͬϮϬϮϳ ϯ͘ϵϱй ϲϳϱ͘ϴϯ Ϭ͘ϬϬ ϲϳϱ͘ϴϯ Ϭ͘ϬϬCoupon 02/01/2024 ϯϭϯϳ& dEϬ Ϭ͘ϬϬ &,D^<ͲϬϳϯϮϯ͘ϯϱ 01/25/2028 ϰ͘Ϯϱй ϲϭϰ͘ϭϳ Ϭ͘ϬϬ ϲϭϰ͘ϭϳ Ϭ͘ϬϬCoupon 02/02/2024 ϲϵϯϳϭZZϮϰ Ϭ͘ϬϬ WZ&/EE/>KZWϬ͘ϯϱ 02/02/2024 Ϭ͘ϯϱй ϭϳϱ͘ϬϬ Ϭ͘ϬϬ ϭϳϱ͘ϬϬ Ϭ͘ϬϬCoupon ϬϮͬϬϯͬϮϬϮϰ ϴϱϳϰϳϳϯ Ϭ͘ϬϬ ^dd ^dZ

dKZWϱ͘ϮϳϮ ϬϴͬϬϯͬϮϬϮϲ ϱ͘Ϯϳй Ϯ͕ϲϯϲ͘ϬϬ Ϭ͘ϬϬ Ϯ͕ϲϯϲ͘ϬϬ Ϭ͘ϬϬ Coupon ϬϮͬϬϲͬϮϬϮϰ ϴϱϳϰϳϳZϯ Ϭ͘ϬϬ ^dd
^dZ

dKZWϭ͘ϳϰϲ ϬϮͬϬϲͬϮϬϮϲ ϭ͘ϳϱй ϯϰϵ͘ϮϬ Ϭ͘ϬϬ ϯϰϵ͘ϮϬ Ϭ͘ϬϬ
Coupon ϬϮͬϬϳͬϮϬϮϰ ϲϯϳϰϯ,&ϭ Ϭ͘ϬϬ
Ed/KE>ZhZ>hd/>/d/
^KKW
Zd/s
&/EE
KZWϭ͘ϴϳϱϬϮͬϬϳͬϮϬϮϱ
Ϯ͘ϳϱй ϭ͕ϭϳϭ͘ϴϴ Ϭ͘ϬϬ ϭ͕ϭϳϭ͘ϴϴ Ϭ͘ϬϬ
Coupon 02/10/2024 ϲϵϯϳϭZ^ϱϲ Ϭ͘ϬϬ WZ&/EE/>KZWϱ͘Ϭϱ ϬϴͬϭϬͬϮϬϮϲ ϱ͘Ϭϳй ϱ͕ϰϮϴ͘ϳϱ Ϭ͘ϬϬ ϱ͕ϰϮϴ͘ϳϱ Ϭ͘ϬϬCoupon ϬϮͬϭϯͬϮϬϮϰ ϳϭϯϰϰϴ&Yϲ Ϭ͘ϬϬ W W^/K/Eϰ͘ϱϱϬϮͬϭϯͬϮϬϮϲ ϰ͘ϱϳй ϭ͕ϬϮϯ͘ϳϱ Ϭ͘ϬϬ ϭ͕ϬϮϯ͘ϳϱ Ϭ͘ϬϬ

KE&/
Ed/>ͮϭϳ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/Loss Coupon 02/14/2024 ϯϭϯϯ
W^tϲ Ϭ͘ϬϬ
&

Z>&ZDZ
/dE<^&hE/E'KZWϰ͘ϱϬϴͬϭϰͬϮϬϮϲ
ϰ͘ϱϴй ϱ͕ϲϮϱ͘ϬϬ Ϭ͘ϬϬ ϱ͕ϲϮϱ͘ϬϬ Ϭ͘ϬϬ
Coupon 02/15/2024 ϰϳϳϴϴhϲ Ϭ͘ϬϬ :KdϮϬϮϭϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϱ Ϭ͘ϯϴй ϯ͘Ϯϴ Ϭ͘ϬϬ ϯ͘Ϯϴ Ϭ͘ϬϬCoupon 02/15/2024 ϴϵϭϵϬ'ϭ Ϭ͘ϬϬ dKdϮϬϮϭͲϯϬ͘Ϯϲ ϭϭͬϭϳͬϮϬϮϱ Ϭ͘Ϯϳй ϭϰ͘Ϯϱ Ϭ͘ϬϬ ϭϰ͘Ϯϱ Ϭ͘ϬϬCoupon 02/15/2024 ϰϳϳϴϵYϰ Ϭ͘ϬϬ :KdϮϬϮϭͲϯϬ͘ϱϮ ϬϯͬϭϲͬϮϬϮϲ Ϭ͘ϱϮй ϭϮ͘Ϭϴ Ϭ͘ϬϬ ϭϮ͘Ϭϴ Ϭ͘ϬϬCoupon 02/15/2024 ϴϵϮϯϴ:ϵ Ϭ͘ϬϬ dKdϮϬϮϭͲϯϬ͘ϳϭ ϬϰͬϭϱͬϮϬϮϲ Ϭ͘ϳϭй ϭϱ͘ϲϬ Ϭ͘ϬϬ ϭϱ͘ϲϬ Ϭ͘ϬϬCoupon 02/15/2024 ϰϰϵϯϱ&ϲ Ϭ͘ϬϬ ,ZdϮϬϮϭͲϯϬ͘ϳϰ ϬϱͬϭϱͬϮϬϮϲ Ϭ͘ϳϲй ϭϭ͘ϳϵ Ϭ͘ϬϬ ϭϭ͘ϳϵ Ϭ͘ϬϬCoupon 02/15/2024 ϰϰϴϵϳϳϬ Ϭ͘ϬϬ ,ZdϮϬϮϮͲϯϮ͘ϮϮ ϭϬͬϭϱͬϮϬϮϲ Ϯ͘Ϯϯй ϭϱϮ͘ϬϬ Ϭ͘ϬϬ ϭϱϮ͘ϬϬ Ϭ͘ϬϬCoupon 02/15/2024 ϰϳϳϴϳ:Ϯ Ϭ͘ϬϬ :KdϮϬϮϮϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϲ Ϯ͘ϯϱй ϳϲ͘ϰϱ Ϭ͘ϬϬ ϳϲ͘ϰϱ Ϭ͘ϬϬCoupon 02/15/2024 ϱϴϳϲϴWϴ Ϭ͘ϬϬ DZdϮϬϮϮͲϭϯϱ͘Ϯϭ ϬϴͬϭϲͬϮϬϮϳ ϰ͘ϵϴй ϯϲϵ͘Ϭϰ Ϭ͘ϬϬ ϯϲϵ͘Ϭϰ Ϭ͘ϬϬCoupon 02/15/2024 ϰϳϴϬϬϬ Ϭ͘ϬϬ :KdϮϬϮϯϯϱ͘ϬϭϭϭͬϭϱͬϮϬϮϳ ϱ͘Ϭϳй ϮϵϮ͘Ϯϱ Ϭ͘ϬϬ ϮϵϮ͘Ϯϱ Ϭ͘ϬϬCoupon 02/15/2024 ϭϲϭϱϳϭ,dϰ Ϭ͘ϬϬ ,/dϮϬϮϯͲϭϱ͘ϭϲ 09/15/2028 ϱ͘Ϯϯй ϭ͕Ϭϱϯ͘ϱϬ Ϭ͘ϬϬ ϭ͕Ϭϱϯ͘ϱϬ Ϭ͘ϬϬCoupon 02/15/2024 ϴϵϮϯϵ&ϰ Ϭ͘ϬϬ dKdϮϬϮϯͲϯϱ͘ϱϰ 08/15/2028 ϱ͘ϲϭй Ϯϳϳ͘ϬϬ Ϭ͘ϬϬ Ϯϳϳ͘ϬϬ Ϭ͘ϬϬCoupon 02/15/2024 ϵϭϮϴϮϴϮϳ Ϭ͘ϬϬ hE/d ^dd
^dZ
^hZzϭ͘ϱ ϬϴͬϭϱͬϮϬϮϲ ϯ͘ϴϯй Ϯ͕ϲϮϱ͘ϬϬ Ϭ͘ϬϬ Ϯ͕ϲϮϱ͘ϬϬ Ϭ͘ϬϬCoupon 02/15/2024 ϵϭϮϴϮϴϰsϵ Ϭ͘ϬϬ hE/d ^dd
^dZ
^hZz Ϯ͘ϴϳϱϬϴͬϭϱͬϮϬϮϴ ϰ͘ϭϳй ϳ͕ϭϴϳ͘ϱϬ Ϭ͘ϬϬ ϳ͕ϭϴϳ͘ϱϬ Ϭ͘ϬϬCoupon 02/15/2024 ϵϭϮϴϮdϲ Ϭ͘ϬϬ hE/d ^dd
^dZ
^hZz Ϭ͘ϯϳϱϬϴͬϭϱͬϮϬϮϰ ϱ͘Ϯϯй ϭ͕ϴϳϱ͘ϬϬ Ϭ͘ϬϬ ϭ͕ϴϳϱ͘ϬϬ Ϭ͘ϬϬCoupon 02/15/2024 ϬϮϱϴϮ::dϴ Ϭ͘ϬϬ DyϮϬϮϮͲϮϯ͘ϯϵ 05/15/2025 ϯ͘ϰϮй ϯϭϬ͘ϳϱ Ϭ͘ϬϬ ϯϭϬ͘ϳϱ Ϭ͘ϬϬCoupon ϬϮͬϭϲͬϮϬϮϰ ϯϲϮϱϱϰϭ Ϭ͘ϬϬ 'DZϮϬϮϭͲϰϯϬ͘ϲϴ ϬϵͬϭϲͬϮϬϮϲ Ϭ͘ϲϴй ϭϭ͘ϰϴ Ϭ͘ϬϬ ϭϭ͘ϰϴ Ϭ͘ϬϬCoupon ϬϮͬϭϲͬϮϬϮϰ ϯϴϬϭϰϲϰ Ϭ͘ϬϬ 'DZϮϬϮϮͲϭϯϭ͘Ϯϯ ϭϭͬϭϲͬϮϬϮϲ ϭ͘Ϯϳй ϮϬ͘ϱϵ Ϭ͘ϬϬ ϮϬ͘ϱϵ Ϭ͘ϬϬ

KE&/
Ed/>ͮϭϴ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/Loss Coupon ϬϮͬϭϲͬϮϬϮϰ ϯϲϮϱϴϱϱ Ϭ͘ϬϬ 'DZϮϬϮϮͲϮϯϯ͘ϭ ϬϮͬϭϲͬϮϬϮϳ ϯ͘ϭϯй ϭϬϯ͘ϯϯ Ϭ͘ϬϬ ϭϬϯ͘ϯϯ Ϭ͘ϬϬCoupon ϬϮͬϭϲͬϮϬϮϰ ϯϲϮϱϴϯϴ Ϭ͘ϬϬ 'DZϮϬϮϯͲϮϯϰ͘ϰϳ ϬϮͬϭϲͬϮϬϮϴ ϰ͘ϱϭй ϮϰϮ͘ϭϯ Ϭ͘ϬϬ ϮϰϮ͘ϭϯ Ϭ͘ϬϬCoupon ϬϮͬϭϲͬϮϬϮϰ ϰϲϲϰϳWzϭ Ϭ͘ϬϬ :WDKZ'E,^ ΘKϬ͘ϱϲϯ ϬϮͬϭϲͬϮϬϮϱ Ϭ͘ϱϲй Ϯϯϵ͘Ϯϴ Ϭ͘ϬϬ Ϯϯϵ͘Ϯϴ Ϭ͘ϬϬCoupon 02/18/2024 ϰϯϴϭϱ ϴ Ϭ͘ϬϬ ,ZKdϮϬϮϭͲϯϯϬ͘ϰϭ 11/18/2025 Ϭ͘ϰϭй ϭϮ͘ϴϭ Ϭ͘ϬϬ ϭϮ͘ϴϭ Ϭ͘ϬϬCoupon 02/18/2024 ϬϲϰϮϴϮ Ϭ͘ϬϬ E<K&D Z/Eϱ͘ϱϮϲ ϬϴͬϭϴͬϮϬϮϲ ϱ͘ϱϰй ϲ͕ϵϬϳ͘ϱϬ Ϭ͘ϬϬ ϲ͕ϵϬϳ͘ϱϬ Ϭ͘ϬϬCoupon 02/21/2024 ϰϯϴϭϯ'ϱ Ϭ͘ϬϬ ,ZKdϮϬϮϭͲϭϯϬ͘Ϯϳ 04/21/2025 Ϭ͘Ϯϳй ϭ͘ϳϴ Ϭ͘ϬϬ ϭ͘ϳϴ Ϭ͘ϬϬCoupon 02/21/2024 ϰϯϴϭϱ'ϯ Ϭ͘ϬϬ ,ZKdϮϬϮϭͲϰϯϬ͘ϴϴ ϬϭͬϮϭͬϮϬϮϲ Ϭ͘ϵϬй ϭϴ͘ϵϭ Ϭ͘ϬϬ ϭϴ͘ϵϭ Ϭ͘ϬϬCoupon 02/21/2024 ϰϯϴϭϱ:ϳ Ϭ͘ϬϬ ,ZKdϮϬϮϯͲϭϯϱ͘Ϭϰ ϬϰͬϮϭͬϮϬϮϳ ϱ͘ϭϬй ϭϴϵ͘ϬϬ Ϭ͘ϬϬ ϭϴϵ͘ϬϬ Ϭ͘ϬϬCoupon 02/21/2024 ϰϯϴϭϮϯϱ Ϭ͘ϬϬ ,ZKdϮϬϮϯͲϰϯϱ͘ϲϳ ϬϲͬϮϭͬϮϬϮϴ ϱ͘ϳϰй ϯϱϰ͘ϯϴ Ϭ͘ϬϬ ϯϱϰ͘ϯϴ Ϭ͘ϬϬCoupon 02/21/2024 ϵϬϳϴϭϴ' Ϯ Ϭ͘ϬϬ hE/KEW/&/KZWϰ͘ϳϱ ϬϮͬϮϭͬϮϬϮϲ ϰ͘ϴϮй ϰ͕ϳϱϬ͘ϬϬ Ϭ͘ϬϬ ϰ͕ϳϱϬ͘ϬϬ Ϭ͘ϬϬCoupon ϬϮͬϮϯͬϮϬϮϰ Ϭϯϳϴϯϯzϱ Ϭ͘ϬϬ WW> /Eϯ͘ϮϱϬϮͬϮϯͬϮϬϮϲ ϰ͘Ϯϳй ϰ͕ϬϲϮ͘ϱϬ Ϭ͘ϬϬ ϰ͕ϬϲϮ͘ϱϬ Ϭ͘ϬϬCoupon 02/25/2024 ϬϱϲϬϭyϯ Ϭ͘ϬϬ Dt>dϮϬϮϮͲϭϯϭ͘Ϭϯ ϬϯͬϮϱͬϮϬϮϱ ϭ͘ϭϱй ϱ͘ϳϲ Ϭ͘ϬϬ ϱ͘ϳϲ Ϭ͘ϬϬ Coupon 02/25/2024 ϬϱϲϬϮZϯ Ϭ͘ϬϬ DtKdϮϬϮϮͲϯϯ͘Ϯϭ ϬϴͬϮϱͬϮϬϮϲ ϯ͘Ϯϯй ϭϭϬ͘Ϭϴ Ϭ͘ϬϬ ϭϭϬ͘Ϭϴ Ϭ͘ϬϬCoupon 02/25/2024 Ϭϱϱϵϯϯ Ϭ͘ϬϬ Dt>dϮϬϮϯͲϭϯϱ͘ϭϲ 11/25/2025 ϱ͘ϮϮй ϭϬϳ͘ϱϬ Ϭ͘ϬϬ ϭϬϳ͘ϱϬ Ϭ͘ϬϬ Coupon 02/25/2024 ϯϭϯϱ'Ϭϱyϳ Ϭ͘ϬϬ
&

Z>Ed/KE>DKZd''
^^K/d/KEϬ͘ϯϳϱϬϴͬϮϱͬϮϬϮϱ
ϭ͘ϳϲй ϰϲϴ͘ϳϱ Ϭ͘ϬϬ ϰϲϴ͘ϳϱ Ϭ͘ϬϬ
Coupon 02/29/2024 ϵϭϮϴϮϴϳ Ϭ͘ϬϬ hE/d
^dd
^dZ
^hZz ϭ͘ϭϮϱϬϮͬϮϴͬϮϬϮϱ ϭ͘ϱϵй ϭ͕ϰϬϲ͘Ϯϱ Ϭ͘ϬϬ ϭ͕ϰϬϲ͘Ϯϱ Ϭ͘ϬϬ Coupon 02/29/2024 ϵϭϮϴϮ&,ϵ Ϭ͘ϬϬ hE/d
^dd
^dZ
^hZz ϯ͘ϭϮϱϬϴͬϯϭͬϮϬϮϳ ϯ͘ϱϵй ϯ͕ϵϬϲ͘Ϯϱ Ϭ͘ϬϬ ϯ͕ϵϬϲ͘Ϯϱ Ϭ͘ϬϬ

KE&/
Ed/>ͮϭϵ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/LossTotal Coupon 0.00 58,192.44 0.00 58,192.44 0.00 ƵƐƚŽĚLJ&ĞĞ ϬϮͬϮϯͬϮϬϮϰ zh^ ;ϭϬϰ͘ϭϳͿ Cash Ϭ͘ϬϬй ;ϭϬϰ͘ϭϳͿ Ϭ͘ϬϬ ;ϭϬϰ͘ϭϳͿ Ϭ͘ϬϬ Total Custody Fee (104.17) (104.17) 0.00 (104.17) 0.00
ŝǀŝĚĞŶĚ 02/29/2024 ϯϭϴϰϲsϮϬϯ Ϭ͘ϬϬ &/Z^dD
Z͗'sdK>'z ϰ͘ϵϯй ϯϰ͘ϲϲ Ϭ͘ϬϬ ϯϰ͘ϲϲ Ϭ͘ϬϬ
Total Dividend 0.00 34.66 0.00 34.66 0.00
DĂŶĂŐĞŵĞŶƚ&ĞĞ ϬϮͬϬϳͬϮϬϮϰ zh^ ;ϭ͕ϵϭϵ͘ϰϬͿ Cash Ϭ͘ϬϬй ;ϭ͕ϵϭϵ͘ϰϬͿ Ϭ͘ϬϬ ;ϭ͕ϵϭϵ͘ϰϬͿ Ϭ͘ϬϬ Total Management Fee (1,919.40) (1,919.40) 0.00 (1,919.40) 0.00 DĂƚƵƌŝƚLJ 02/02/2024 ϲϵϯϳϭZZϮϰ ;ϭϬϬ͕ϬϬϬ͘ϬϬͿ WZ&/EE/>KZWϬ͘ϯϱ 02/02/2024 ϭϬϬ͘ϬϬϬ Ϭ͘ϯϱй ϭϬϬ͕ϬϬϬ͘ϬϬ Ϭ͘ϬϬ ϭϬϬ͕ϬϬϬ͘ϬϬ Ϭ͘ϬϬ Total Maturity (100,000.00) 100,000.00 0.00 100,000.00 0.00 WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϴϵϭϵϬ'ϭ ϳ͕ϴϵϱ͘ϲϲ dKdϮϬϮϭͲϯϬ͘Ϯϲ ϭϭͬϭϳͬϮϬϮϱ Ϭ͘Ϯϳй ϳ͕ϴϵϱ͘ϲϲ ͲͲ ϳ͕ϴϵϱ͘ϲϲ Ϭ͘ϬϬ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϰϳϳϴϴhϲ ϭ͕ϲϯϮ͘ϰϮ :KdϮϬϮϭϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϱ Ϭ͘ϯϴй ϭ͕ϲϯϮ͘ϰϮ ͲͲ ϭ͕ϲϯϮ͘ϰϮ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϰϳϳϴϵYϰ ϯ͕ϮϱϬ͘ϱϮ :KdϮϬϮϭͲϯϬ͘ϱϮ ϬϯͬϭϲͬϮϬϮϲ Ϭ͘ϱϮй ϯ͕ϮϱϬ͘ϱϮ ͲͲ ϯ͕ϮϱϬ͘ϱϮ Ϭ͘ϬϬ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϴϵϮϯϴ:ϵ Ϯ͕Ϭϲϰ͘ϯϴ dKdϮϬϮϭͲϯϬ͘ϳϭ ϬϰͬϭϱͬϮϬϮϲ Ϭ͘ϳϭй Ϯ͕Ϭϲϰ͘ϯϴ ͲͲ Ϯ͕Ϭϲϰ͘ϯϴ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϰϰϵϯϱ&ϲ ϭ͕ϲϭϰ͘ϱϲ ,ZdϮϬϮϭͲϯϬ͘ϳϰ ϬϱͬϭϱͬϮϬϮϲ Ϭ͘ϳϲй ϭ͕ϲϭϰ͘ϱϲ ͲͲ ϭ͕ϲϭϰ͘ϱϲ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϰϰϴϵϳϳϬ ϱ͕ϭϬϴ͘ϲϰ ,ZdϮϬϮϮͲϯϮ͘ϮϮ ϭϬͬϭϱͬϮϬϮϲ Ϯ͘Ϯϯй ϱ͕ϭϬϴ͘ϲϰ ͲͲ ϱ͕ϭϬϴ͘ϲϰ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/15/2024 ϰϳϳϴϳ:Ϯ ϯ͕ϬϬϬ͘ϰϳ :KdϮϬϮϮϯϬ͘ϯϲϬϵͬϭϱͬϮϬϮϲ Ϯ͘ϯϱй ϯ͕ϬϬϬ͘ϰϳ ͲͲ ϯ͕ϬϬϬ͘ϰϳ Ϭ͘ϬϬ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ ϬϮͬϭϲͬϮϬϮϰ ϯϲϮϱϱϰϭ ϭ͕ϯϱϵ͘ϵϱ 'DZϮϬϮϭͲϰϯϬ͘ϲϴ ϬϵͬϭϲͬϮϬϮϲ Ϭ͘ϲϴй ϭ͕ϯϱϵ͘ϵϱ ͲͲ ϭ͕ϯϱϵ͘ϵϱ Ϭ͘ϬϬWƌŝŶĐŝƉĂůWĂLJĚŽǁŶ ϬϮͬϭϲͬϮϬϮϰ ϯϴϬϭϰϲϰ ϭ͕ϮϮϰ͘ϲϯ 'DZϮϬϮϮͲϭϯϭ͘Ϯϯ ϭϭͬϭϲͬϮϬϮϲ ϭ͘Ϯϳй ϭ͕ϮϮϰ͘ϲϯ ͲͲ ϭ͕ϮϮϰ͘ϲϯ Ϭ͘ϬϬWƌŝŶĐŝƉĂůWĂLJĚŽǁŶ ϬϮͬϭϲͬϮϬϮϰ ϯϲϮϱϴϱϱ ϭ͕ϰϲϴ͘ϰϬ 'DZϮϬϮϮͲϮϯϯ͘ϭ ϬϮͬϭϲͬϮϬϮϳ ϯ͘ϭϯй ϭ͕ϰϲϴ͘ϰϬ ͲͲ ϭ͕ϰϲϴ͘ϰϬ Ϭ͘ϬϬWƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/18/2024 ϰϯϴϭϱ ϴ ϯ͕ϳϰϳ͘Ϯϭ ,ZKdϮϬϮϭͲϯϯϬ͘ϰϭ 11/18/2025 Ϭ͘ϰϭй ϯ͕ϳϰϳ͘Ϯϭ ͲͲ ϯ͕ϳϰϳ͘Ϯϭ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/21/2024 ϰϯϴϭϯ'ϱ Ϯ͕Ϭϯϴ͘ϰϵ ,ZKdϮϬϮϭͲϭϯϬ͘Ϯϳ 04/21/2025 Ϭ͘Ϯϳй Ϯ͕Ϭϯϴ͘ϰϵ ͲͲ Ϯ͕Ϭϯϴ͘ϰϵ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/21/2024 ϰϯϴϭϱ'ϯ Ϯ͕Ϭϲϴ͘ϴϲ ,ZKdϮϬϮϭͲϰϯϬ͘ϴϴ ϬϭͬϮϭͬϮϬϮϲ Ϭ͘ϵϬй Ϯ͕Ϭϲϴ͘ϴϲ ͲͲ Ϯ͕Ϭϲϴ͘ϴϲ ;Ϭ͘ϬϬͿ

KE&/
Ed/>ͮϮϬ
City of Imperial Beach | Account | As of February 29, 2024 džĞĐƵƟŽŶdŝŵĞ͗ϬϯͬϬϱͬϮϬϮϰϭϬ͗Ϭϱ͗ϭϴWD ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳTRANSACTION LEDGER dƌĂŶƐĂĐƟŽŶdLJƉĞ ^ĞƩůĞŵĞŶƚ Date h^/W YƵĂŶƟƚLJ ^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ WƌŝĐĞ Acq/Disp Yield Amount /ŶƚĞƌĞƐƚWƵƌͬ Sold Total Amount Gain/Loss WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/25/2024 ϬϱϲϬϭyϯ ϯ͕ϳϮϴ͘ϴϬ Dt>dϮϬϮϮͲϭϯϭ͘Ϭϯ ϬϯͬϮϱͬϮϬϮϱ ϭ͘ϭϱй ϯ͕ϳϮϴ͘ϴϬ ͲͲ ϯ͕ϳϮϴ͘ϴϬ ;Ϭ͘ϬϬͿ WƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 02/25/2024 ϬϱϲϬϮZϯ Ϯ͕ϴϭϭ͘ϬϬ DtKdϮϬϮϮͲϯϯ͘Ϯϭ ϬϴͬϮϱͬϮϬϮϲ ϯ͘Ϯϯй Ϯ͕ϴϭϭ͘ϬϬ ͲͲ Ϯ͕ϴϭϭ͘ϬϬ ;Ϭ͘ϬϬͿ dŽƚĂůWƌŝŶĐŝƉĂůWĂLJĚŽǁŶ 43,013.99 43,013.99 ͲͲ 43,013.99 (0.01)dKd>Kd, ZTRANSACTIONS (144,009.58) 284,217.52 0.00 284,217.52 (0.01)

3/5/24, 9:37 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
March 05, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF IMPERIAL BEACH

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

February 2024 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
2/15/2024 2/15/2024 RD 1748168 1708576 LILY FLYTE 1,000,000.00 Account Summary
Total Deposit: 1,000,000.00 Beginning Balance: 13,398,856.92 Total Withdrawal: 0.00 Ending Balance: 14,398,856.92
ATTACHMENT 3

P a g e | 1
April 3, 2024
ITEM TITLE: RESOLUTION NO. 2024-016 AWARDING A PUBLIC WORKS CONTRACT TO ACE EXCAVATING & ENVIRONMENTAL SERVICES, INC. TO CONSTRUCT THE SPORTS

PARK RESTROOM PROJECT AND ALLOCATE ADDITIONAL FUNDS TO THE PROJECT (P23101) (0330-35 & 0920-40).

ORIGINATING DEPARTMENT:

Public Works
EXECUTIVE SUMMARY: Resolution No. 2024-016 awards a construction contract to Ace Excavating & Environmental Services, Inc. to complete the Sports Park Restroom (Project) for a not-to-exceed price of $368,000. On February 15, 2023 Resolution No. 2023-10 appropriated $800,000 to fund the design and construction of a new restroom to service the Sports Park.

A new prefabricated restroom has been ordered as part of this Project and has an estimated delivery date for May 8th of this year. A contractor is needed to demolish most of the existing restroom building and prepare a foundation pad in the demolished footprint for the delivery and installation of the new restroom. An electrical room located on the south side of the existing restroom building houses ballpark lighting controllers and the electrical for the existing restroom.

It would be protected in place during demolition of the rest of the building, would be structurally reinforced, and the exterior would be upgraded to look like the new prefabricated restroom building. Other contractor work includes ADA improvements around the new restroom footprint, utility connections, and drainage improvements.

During the design stage it was found that there needed to be additional work due to electrical constraints. Additionally overall construction costs have also notably increased across the industry from a year ago. This has created a need to seek additional funding for the Project.

RECOMMENDATION:

Adopt Resolution No. 2024-016 to award the construction contract to Ace Excavating & Environmental Services, Inc. for a not-to-exceed amount of $368,000.00 for the Sports Park Restroom Project (P23101).

OPTIONS:
 Approve resolution and recommendation from staff
 Reject bids and provide direct staff to staff on how to proceed  Request additional information and an additional report

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BACKGROUND/ANALYSIS:

Preparation for replacement of both the Sports Park and Veterans Park restrooms began in FY16 as both facilities were in need of replacement. Unfortunately, budget realities resulted in only the Veterans Park restroom being replaced in 2018.

On February 15, 2023, Resolution No. 2023-10 appropriated $800,000 from the General Fund Fund Balance to design and construct a new restroom for the Sports Park location. Temporary restrooms would be provided during construction for use by the public as part of the Project.

The Project was advertised for construction bids on January 18, 2024. A non-mandatory job walk was held on January 29th and a public bid opening was held on February 8, 2024. The City received two (2) bids. However, one contractor did not hold the correct contractor’s license and the other bid had a higher percentage of the work being performed by subcontractors than is allowed. All bids were rejected for the February 8, 2024 bid opening.

Staff worked with the City Engineer and made minor changes to the bid documents and plans and re-bid the project. The Project was advertised for construction bids on February 15, 2024. A non-mandatory job walk was held on February 20th and a public bid opening was held on February 29, 2024. The City received one (1) bid however the bid was significantly over the engineers estimate and the project budget. This bid was rejected as well.

The Project was advertised for a third time for construction bids on March 7, 2024. A nonmandatory job walk was held on March 12th and a public bid opening was held on March 20, 2024.

The following are the bids received on this 3
rd bid opening for the Sports Park Restroom:

Base Bid

1. California Constructors

2. Ace Excavating & Environmental Services, Inc.

3. Fordyce Construction

4. Southwest Construction Services
$ 276,653.25
$ 352,254.05
$ 421,880.00
$ 634,005.10
The Engineer’s Estimate for the bid was $280,000.

Upon review of the bids, the lowest responsive, responsible bidder was Ace Excavating & Environmental Services, Inc. California Constructor’s bid was non-responsive due to its failure to follow requirements contained in the bid documents. Thus, the lowest responsive, responsible bidder was Ace Excavating & Environmental Services, Inc., with a bid amount of $352,254.05.

Staff recommends awarding the contract for a not-to-exceed amount of $368,000.00 which includes $15,745 in contingency to Ace Excavating & Environmental Services, Inc.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

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FISCAL IMPACT:

Budget:

Appropriation from General Fund Balance (Reso 2023-10) $800,000 Appropriation from 103-1920-419.9001 $180,000
TOTAL REVENUE $980,000
Expenditure:

Plans, Specifications and Estimate $102,000
Prefabricated Restrooms $406,000
Electrical $ 36,000
Public Works Contract – Construction $352,255
Design Support & Inspection $ 15,000
Construction Support and Specialized Services $ 36,000
City Purchase – Siding and Roofing Material $ 12,000
Temporary Restrooms $ 5,000
Contingency $ 15,745
TOTAL EXPENDITURES $ 980,000
FISCAL YEAR: 2024
BUDGETED: No
BUDGET AMENDMENT Yes
ACCOUNT NO(S).: 103-1920-419.9001 “Transfer Out” - $180,000 420-0000-391.9001 “Transfer In” - $180,000
420-6020-552.2006 “Professional Services” -
$180,000 (P23101-C)
PROJECT NO(S).: P23101
FISCAL ANALYSIS: Increase budgeted expenditures by $180,000 to be funded by Community Benefit revenues.

CURRENT BUDGET: $800,000

ANTICIPATED
EXPENDITURE:
$980,000
ATTACHMENTS:

1. Resolution No. 2024-016

Attachment 1
RESOLUTION NO. 2024-016

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

AWARDING A PUBLIC WORKS CONTRACT TO ACE EXCAVATING AND ENVIRONMENTAL SERVICES, INC. TO CONSTRUCT THE SPORTS PARK RESTROOM PROJECT (P23101) WHEREAS, on February 15, 2023, Resolution No. 2023-10 appropriated $800,000 from the General Fund Balance to design and construct a new restroom for the Sports Park location; and
WHEREAS, the Project was advertised for construction bids on January 18, 2024 and February 15, 2024; and
WHEREAS, the bids received did not hold the correct contractor’s license, had a higher percentage of the work being performed by subcontractors than is allowed, and total bid price was significantly over the engineer’s estimate as well as the Project budget. All bids were rejected for both bid openings; and
WHEREAS, the Project was advertised again for construction bids on March 7, 2024. A non-mandatory job walk was held on March 12, 2024 and a public bid opening was held on March 20, 2024; and
WHEREAS, the City received four bids for the bid opening on March 20, 2024; and WHEREAS, upon review of the bids, the lowest responsive, responsible bidder was Ace Excavating & Environmental Services, Inc. with a bid price of $352,254.05; and WHEREAS, staff recommends awarding the construction contract for a not-to-exceed amount of $368,000 which includes $15,745 in contingency to Ace Excavation & Environmental Services, Inc.; and
WHEREAS, the Resolution authorizes an appropriation of $180,000 to the Project’s budget from the Community Benefit Fund.

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. The legislative body hereby accepts the lowest responsible bid from Ace Excavating & Environmental Services, Inc.

3. The contractor shall not commence construction or order equipment until he/she has received a Notice to Proceed.

4. The works of improvement shall be constructed in the manner and form and in compliance with the requirements as set forth in the plans and specifications for the Project.

5. The City Manager or designee is authorized to sign a not to exceed construction contract for $368,000 with Ace Excavating & Environmental Services, Inc. which includes $15,745 in contingency.

6. The Finance Director is authorized to amend the budget and increase expenditures in account numbers 103-1920-419.90 (Transfer-out) and 420-6020-552.2006 (Professional Services) and revenues in 420-0000-391.9001 (Transfer-in) by the amount of $180,000 for the Sports Park Restroom Project

Resolution No. 2024-016

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3rd day of April 2024, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

PALOMA AGUIRRE, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

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April 3, 2024
ITEM TITLE: DISCUSSION OF 2024 SUN AND SEA EVENT. (1040-10) ORIGINATING DEPARTMENT:

City Manager
EXECUTIVE SUMMARY:

Staff is requesting direction for facilitation of the Sun & Sea/sand sculpture event.

RECOMMENDATION:

Staff recommends that the City Council provide direction to staff regarding the Sun and Sea event proposed to be held in August 2024.

OPTIONS:
 Provide direction to staff related to the Sun and Sea event  Request additional information and an additional report BACKGROUND/ANALYSIS:

The Sun and Sea Festival began in 1960 as a tribute to the incorporation of the City of Imperial Beach and continued successfully for decades and was the featured site of the U.S. Open Sand Castle Competition beginning in 1980 and continuing until 2011. The scope of the event changed throughout the years and most recently the Sun and Sea Festival included a monument sand sculpture, smaller sand sculptures, live music in Pier Plaza, and the Kids N’ Kastles family activity at Dunes Park.

For various reasons, the event was not held in 2023. At the May 5, 2023 City Council meeting the City Council discussed the matter with the event coordinator and requested a follow-up discussion later in the year when it could be identified what City resources would be requested to hold the event in 2024.

The event coordinators submitted a special event application for the Sun and Sea Event to occur in Pier Plaza on August 17, 2024. The application proposed a sandcastle competition, monument castle, stage for live entertainment (amplified music and announcements), vendors with up to 50 pop-up canopies, street closure along Seacoast Drive between Elder Avenue to Date Avenue, trash and recycling containers, and portable restrooms. Kids N’ Kastles family activity at Dunes Park is not included within this specific application.

The event was discussed at the December 6, 2023 City Council meeting and it was determined by the City Council that Councilmember Fisher would attend a Sun and Sea Committee meeting, where event details would be discussed. The objective of the meeting would be to consider unique ideas that would be successful, save on costs, and be reminiscent of events held in years past, while also taking into consideration the water quality issues.

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Following the above, the City met with the event coordinators on February 28, 2024 to discuss event details. The event now proposes a “Mega Castle” theme, where one large sandcastle would be built instead of multiple sandcastles. Other elements of the event would be similar to the initial proposal, such as live entertainment, estimate of 30 vendors or more, street closure along Seacoast Drive (now amended to the area between Elder Avenue and the alley north of Elm Avenue), trash and recycling containers, and portable restrooms. The below chart describes the proposed event details and identifies the activities that are proposed by the event coordinators to be funded by either the City or by the applicant.

Description/Activity: Request to fund
by:

Coordinate builders for a “Mega Castle” which may require several teams to participate.

S&S
Compensate teams and provide hotel. S&S
Supply water for the Mega Castle. Water source through the south end of the pier. City Water hose and attachments. S&S
Coordinate sand delivery, logistics and purchase sand. S&S Staff and equipment to move sand.
 S&S to provide a detailed schedule (dates/times) and equipment required City
Coordinate bands (3) and production.
 Stage on the corner of Elder
 Speakers faced north or northwest
 Band stop playing by 5:00 p.m.

S&S
Access and coordination of electricity for bands City
Coordinate vendors at Pier Plaza and Seacoast Drive
 City requires the number of vendors, type of vendors (i.e. food, non-profit, sales/info).
 S&S manage business licenses and County health permits; coordinate and provide to the City no later than July 26th to verify information in advance of the event
S&S
Inspection of all vendors for fire safety
 City to cover staff time
City
Road closure request on Seacoast Drive from Elder to Elm  Provide staff and coordinate traffic control
 Soft closure on August 17th starting from 5:00 a.m. – 8:00 a.m. by City staff  Hard road closure with bollard by 8:00 a.m. – 8:00 p.m.  Vendors set up between 6:00 a.m. – 8:00 a.m.; no vendors will be allowed after 8:00 a.m.
 S&S to provide City a list of vendors/business name and type, no later than August 5th to coordinate vendor entrance at the event
City
S&S request to close Elkwood parking lot for event coordinators (less City staff working event, lifeguards and tidelands staff)
City
S&S request to reserve parking for bands on the north and south side of Elder Avenue, east of Seacoast Drive (100’)
City
Provide maps to all vendors, staff and volunteers for entry/exit; coordinate with City, no later than August 5th
S&S
Order fence and coordinate delivery.
 Fence required from August 12th – August 17th
S&S

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Pay for fence (fence company to bill city directly) City Security for Mega Castle
 August 13th – August 16th from 8:00 p.m. to 7:00 a.m.  Security company to bill city directly
City
Secure and coordinate the delivery and pick up of porta potties. S&S Pay for porta potties.
 Service and restock
S&S
Request and pay for event insurance.
 S&S to provide City vendor info type of vendors (i.e. food, non-profit, sales/info), bands (quantity and genre), and estimated attendance, no later than March 15th
 If City covering insurance for team builder, City requires number of teams City
Request and pay for public safety (Sheriff, Lifeguards, Park Rangers) City Notices sent to business and residents impacted by road closure.  Prepare notices, print and stuff envelopes
 Postage for notices
S&S
*City mail
notices
Use of Lindley parking lot for artisan and local vendors  Coordination, logistics, and associated costs
S&S
Trash collection and restroom clean up City
Coordinate MTS bus route City
EDCO trash and recycle bins City
In summary, the event coordinators are requesting the City to provide the following:
 In-kind staffing and City fee waivers (approximately $11,000) o Setup and cleanup
 Utility connections
 Sand preparation with loader (one day requested; additional costs if multiple days of sand preparation is needed)
 Restroom opening/supplies
 Trash pick-up
o Road closure staffing
 No parking signs
 Traffic control
 Bollard placement
 Barricade placement
 Set-up, take-down, man intersections
 Close Elkwood parking lot for event coordinators
 Reserve parking for bands within the first 100’ on the north and south sides of Elder Avenue east of Seacoast Drive
 Coordinate MTS bus route modifications
 Coordinate EDCO trash and recycle bins
o City Fee and Inspection Waivers
 Application processing fee
 Safety inspection fee (Fire and Building inspections)  Sound amplification fee
 Cleaning fee
 Reserved parking fee
 Closed road fee

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 Insurance (approximately $5,200)
 Safety ($12,000)
o Sheriff
o Fire
o Rangers
 Security for Mega Castle; August 13-16 from 8 PM – 7 AM ($2,000)  Fencing ($1,000)
 Supply water for the sandcastle (unknown cost)
Based on the above, the approximate cost to the City would be $31,200. This proposal does not include lighting, which would be an additional cost.

Event coordinators would be responsible for obtaining funding and/or sponsorships for all other costs associated with the Mega Castle, vendor management and associated health permits, entertainment, production, equipment, advertising, and volunteer work. In addition, event coordinators have previously stated that any costs incurred beyond those specifically requested of the City would be entirely paid for by the event coordinators.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

Costs associated with event operations are not budgeted and would come from the General Fund reserves.

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April 3, 2024
ITEM TITLE: CONSIDER ADOPTING RESOLUTION NO. 2024-018 OPPOSING THE

TAXPAYER PROTECTION AND GOVERNMENT ACCOUNTABILITY ACT AND SEND A LETTER OF OPPOSITION TO CALCITIES. (0460-20)
ORIGINATING DEPARTMENT:

City Manager
EXECUTIVE SUMMARY:

The City Council may decide at a noticed public meeting to approve a resolution to support or oppose a ballot measure while affirming that the City has not and will not use public funds for any type of advocacy. This item allows the City Council to consider a resolution on the “Taxpayer Protection and Government Accountability Act” or statewide initiative No. 21-0042A1, sponsored by a state-wide business group, California Business Roundtable, proposes to limit local funds contemplated in the future for local voters to fund local services. Proponents of the measure initially filed the initiative in December 2021, and withdrew it from consideration from the November 2022 state-wide ballot. However, the proposed state-wide ballot initiative was requalified for the state-wide November 2024 ballot. If passed by state-wide voters, the initiative would revise the California Constitution (attachment 2) with provisions that limit voters’ authority, adopt new and more restrictive rules for raising taxes and fees, and may make it more difficult to impose fines and penalties for violation of state and local laws.

The measure could have impacts on the City of Imperial Beach operations and core service delivery. On November 2022 as part of the general election, the City of Imperial Beach included a ballot measure “Measure R” – The Imperial Beach Quality of Life Measure – a proposed 4% increase to the local hotel tax that is paid by visitors and tourists who stay in the local hotels and lodging in Imperial Beach. “Measure R” was passed by 67.36% by the City’s voters for an approximately $400,000 annual revenue. “Measure R” would have to go through an additional vote if statewide initiative No. 21-0042A1 passes.

RECOMMENDATION:

That the City Council consider adopting Resolution No. 2024-018 opposing the Taxpayer Protection and Government Accountability Act (Initiative No. 21-0042A1) and request that the Mayor send a letter on behalf of the City Council to the League of California Cities opposing Initiative No. 21-0042A1.

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OPTIONS:
 Consider adopting Resolution No. 2024-018 and send a letter to the League of California Cities.
 Request additional information and return to a future meeting date.  Provide direction to the City Manager.

BACKGROUND/ANALYSIS:

As stated by the League of California Cities, a measure — Initiative 21-0042A1 — also referred to the “CBRT Initiative,” the California Business Roundtable (“CBRT”) and the “Taxpayer Protection and Government Accountability Act,” or “Taxpayer Protection Act” for short, would revise the state Constitution to significantly undermine local control and disrupt the ability of local governments to provide essential services and infrastructure.

The “Taxpayer Protection and Government Accountability Act” or statewide initiative No. 21- 0042A1, sponsored by a state-wide special interest business group, CBRT, proposes to restrict local funds contemplated in the future for local voters to fund local services. Proponents of the measure initially filed the initiative in December 2021, and withdrew it from consideration from the November 2022 state-wide ballot. However, the proposed state-wide ballot initiative was requalified for the state-wide November 2024 ballot. If passed by state-wide voters, the initiative would revise the California Constitution as described under attachment 2, with provisions that limit voters’ authority and input, adopt new and stricter rules for raising taxes and fees, and may make it more difficult to impose fines and penalties for violation of state and local laws.

Local government revenue-raising authority is currently substantially restricted by state statute and constitutional provisions, including the voter approved provisions of Proposition 13 of 1978, Proposition 218 of 1996, and Proposition 26 of 2010. The Taxpayer Protection and Government Accountability Act adds and expands restrictions on voters and local government tax and fee authority. Local governments levy a variety of fees and other charges to provide core public services. Major examples of affected fees and charges for the City of Imperial Beach could include nuisance abatement charges, such as for weed, garbage, and general nuisance abatement, code enforcement, facility use charges, and fees for parks and recreation services.

As stated by the League of California Cities, the Taxpayer Protection and Government Accountability Act creates several consequences for local governments and local voters including, but not limited to the following:
 Constitutional Amendment. For new or increased state taxes currently enacted by twothirds vote of Legislature, also requires statewide election and majority voter approval.

Limits voters’ ability to pass voter-proposed local special taxes by raising vote requirement to two-thirds requirement.
 Eliminates voters’ ability to advise how to spend revenues from proposed general tax on same ballot as the proposed tax. Expands definition of “taxes” to include certain regulatory fees, broadening application of tax approval requirements. Requires Legislature or local governing body set certain other fees.
 Lower annual state and local revenues, potentially substantially lower, depending on future actions of the Legislature, local governing bodies, voters, and the courts.

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 Sets new standard for fees and charges paid for the use of local and state government property. The standard may significantly restrict the amount oil companies, utilities, gas companies, railroads, garbage companies, cable companies, and other corporations pay for the use of local public property.
 Requires voter approval to expand existing taxes (e.g., utility user tax, use tax, hotel tax) to new territory (e.g., annexation) or expanding the base (e.g., new utility service). This would require additional tax measures and may deter annexations and land development in cities.
 City charters may not be amended to include a tax or fee.  New taxes can be imposed only for a specific time period.

The above list is not designed to be exhaustive, however it provides an initial representation of the contents of the initiative that may directly impact the City, and any future funding mechanism contemplated to fund local services.

Taxes adopted after January 1, 2022, that do not comply with the new rules, are void unless reenacted. Any state tax approved between January 1, 2022 and the effective date of this measure would be nullified unless it fulfills the requirements of the measure.

On February 1, 2023, the California Secretary of State, pursuant to Elections Code section 9033, declared that the initiative measure is eligible for the November 5, 2024 General Election ballot, and all further signature verification can be terminated. On June 27, 2024, the Secretary of State will certify the initiative as qualified for the November 5, 2024, General Election ballot, unless withdrawn by the proponent prior to certification pursuant to Elections Code section 9604(b).

Based on the current volume of fees and charges imposed by local agencies, including counciladopted increases to simply accommodate inflation, the League of California Cities estimates the amount of local government fee and charge revenue at risk is approximately $2 billion per year including those adopted since January 1, 2022. Hundreds of local tax measures were approved in 2022 that likely do not comply with the provisions of the initiative. Nearly $2 billion of annual revenues from these voter-approved measures will cease a year after the effective date of the measure, reducing the local public services funded by these measures, unless the tax is resubmitted for voter approval. Reductions on local government tax revenues have impacts on core services and infrastructure including fire and emergency response, law enforcement, streets and roads, and parks and recreation.

On November 2022 as part of the general election, Imperial Beach included a ballot measure “Measure R” – The Imperial Beach Quality of Life Measure – a proposed 4% increase to the local hotel tax that is paid by visitors and tourists who stay in the local hotels and lodging in Imperial Beach. Measure R passed by 67.36% for an approximately $400,000 annual revenue. Measure R is not a tax on Imperial Beach residents who don’t stay in local hotels. Measure R would allow visitors to contribute to the costs of improvements such as upgrading and maintaining the areas of the city most often visited by tourists with better lighting, sidewalks, and other amenities, which residents also use. Measure R is essential funding to maintain Imperial Beach’s essential services such as keeping neighborhoods safe, quiet and clean, recreation programs, upgrading and maintaining local parks, and improving lighting and safety in areas of the city frequented by visitors to improve the tourism economy – all priorities identified by the Imperial Beach community.

As part of the proposed initiative (attachment 2,) under statement of purpose, Section 3(b) it states that “the purpose and intent of the voters in enacting this measure is to increase transparency

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and accountability over higher taxes and charges by requiring any tax measure placed on the ballot – either at the state or local level – to clearly state the type and rate of any tax, how long it will be in effect, and the use of the revenue generated by the tax.” Measure R ballot did meet all these requirements - ballot title: “Shall the measure to maintain quality of life for residents, retain local businesses, jobs; keep neighborhoods, beaches, parks, public areas safe/clean, maintain 911 emergency response; reduce traffic congestion; gain community benefit from tourism by increasing the transient occupancy tax (paid by hotel, motel, short-term rental guests) by 4%, providing about $400,000 annually until ended by voters, with annual audits, public disclosure of spending, all funds for Imperial Beach, be adopted?” The Imperial Beach Chamber of Commerce provided a statement of support of Measure R. Pier South and Hampton Inn provided letters of support of Measure R, and the San Diego County Taxpayers Association endorsed Measure R.

Initiative 21-0042A1 threatens Measure R to be repealed and brought forward again to the voters for re-election at the 2025. Unfortunately, Imperial Bech does not have any vacant council seats in 2025 making it a special election which means the cost to place a measure on the ballot would be more costly than including it during a primary or general election.

At the March 6, 2024 regular City Council meeting, the League of California Cities, San Diego County and Imperial County Division Regional Public Affairs Manager, provided a presentation and general overview on the Taxpayer Protection and Government. The League of California Cities (CalCities) was founded in 1898 and has defended and expand local agencies through advocacy efforts, legislature, during ballots, policy, in addition to outreach and education. As part of the presented item by the CalCities representative, the City Council directed staff to bring forward a resolution in opposition to the Taxpayer Protection and Government Accountability Act (attachment 1) and a letter to CalCities in opposition to the initiate (attachment 3) for City Council consideration.

City staff is recommending that the City Council consider adopting Resolution No. 2024-018 opposing the Taxpayer Protection and Government Accountability Act (Initiative No. 21-0042A1) and request that the Mayor send a letter on behalf of the City Council to the League of California Citie opposing the Taxpayer Protection and Government Accountability Act (Initiative No. 21- 0042A1.)
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

There is no fiscal impact adopting the proposed resolution but if the measure is approved by voters in November of 2024, based on preliminary financial evaluations completed by Cal-Cities, it is projected this ballot initiative has the potential to risk $2 billion in local tax revenues for all California cities collectively, and a financial impact to the City of Imperial Beach on Measure R passed by passed Imperil Beach voters by 67.36% for an approximately $400,000 annual revenue. As previously mentioned, if Initiative 21-0042A1 qualifies and passes by the voters on November 5, 2024, Measure R would be required to be repealed and brought forward again to the voters for re-election in 2025. Unfortunately, Imperial Bech does not have any vacant council seats in 2025 making it a special election which means the cost to place a measure on the ballot during a special election would be approximately $200,000 to $325,000.

ATTACHMENTS:

ATT 1 – Resolution No. 2024-018

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ATT 2 – Proposed Initiative 21-0042A1
ATT 3 – Letter to CalCities in opposition

ATTACHMENT 1
RESOLUTION NO. 2024-018

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

OPPOSING THE TAXPAYER PROTECTION AND GOVERNMENT ACCOUNTABILITY ACT (INITIATIVE #21-0042A1)
WHEREAS, an association representing California’s wealthiest corporations is spending tens of millions of dollars to promote a deceptive ballot measure currently eligible for the November 2024 statewide ballot; and
WHEREAS, the measure creates constitutional loopholes that allow corporations to pay far less than their fair share for the impacts they have on our communities, which could force residents and taxpayers to pay more to maintain services; and WHEREAS, the measure threatens billions of dollars every year in local government funding for services like fire and emergency response, law enforcement, affordable housing, services to support homeless residents, mental health services, and more; and WHEREAS, On November 2022 as part of the general election, Imperial Beach included a ballot measure “Measure R” – The Imperial Beach Quality of Life Measure – a proposed 4% increase to the local hotel tax that is paid by visitors and tourists who stay in the local hotels and lodging in Imperial Beach. Measure R passed by 67.36% for an approximately $400,000 annual revenue; and
WHEREAS, Measure R is essential funding to maintain Imperial Beach’s essential services such as keeping neighborhoods safe, quiet and clean, recreation programs, upgrading and maintaining local parks, and improving lighting and safety in areas of the city frequented by visitors to improve the tourism economy – all priorities identified by the Imperial Beach community; and
WHEREAS, if Initiative 21-0042A1 qualifies and passes by the voters on November 5, 2024, Measure R would be repealed and brought forward again to the voters for re-election in the 2025 making it a special election of an approximate cost to the city of $200,000 to $325,000; and WHEREAS, the measure is an attack on voters’ rights, containing undemocratic provisions that would make it more difficult for local voters to pass measures to fund services, provisions that retroactively cancel measures recently passed by voters, and provisions that prevent voters from passing advisory measures that provide direction on how they want their local tax dollars spent; and
WHEREAS, the measure contains intentionally restrictive language that will encourage hundreds of frivolous lawsuits against cities and local governments - costing taxpayers many millions and stopping investments in vital local services; and WHEREAS, the measure would make it much more difficult for state and local regulators to issue fines and levies on corporations that violate laws intended to protect our environment, public health and safety, and our neighborhoods; and
WHEREAS, the measure is opposed by hundreds of local governments, teachers, firefighters, working families and local elected officials; and WHEREAS, the City Council considered adoption of this Resolution at a noticed public meeting to allow everyone to express viewpoints for or against this matter and affirms that the City of Imperial Beach will not spend any public funds for political purposes.

Resolution No. 2024-018

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

1. That the City Council opposes INITIATIVE #21-0042A1.

2. The City Council directs staff to email a copy of this adopted resolution to the League of California Cities at [email protected] and that the Mayor signs a letter on behalf of the City Council opposing this measure on behalf of the City.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3
rd day of April 2024 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

PALOMA AGUIRRE, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK

Attachment 2

ATTACHMENT 3
DATE
League of California Cities
c/o Public Affairs Department
1400 K Street, Suite 400
Sacramento, CA 95814
Email: [email protected]
RE: Letter Opposing Initiative 21-0042A1
The City of Imperial Beach opposes Initiative #21-0042A1, a November 2024 statewide ballot proposition. As stated in the attached Resolution, the measure is a significant threat to local control and voters’ rights that could jeopardize funding for vital services.

Based on the current volume of fees and charges imposed by local agencies, including council-adopted increases to simply accommodate inflation, the League of California Cities estimates the amount of local government fee and charge revenue at risk is approximately $2 billion per year including those adopted since January 1, 2022. Hundreds of local tax measures were approved in 2022 that likely do not comply with the provisions of the initiative. Nearly $2 billion of annual revenues from these voterapproved measures will cease a year after the effective date of the measure, reducing the local public services funded by these measures, unless the tax is re-submitted for voter approval. Reductions on local government tax revenues have impacts on core services and infrastructure including fire and emergency response, law enforcement, streets and roads, and parks and recreation.

On November 2022 as part of the general election, Imperial Beach included a ballot measure “Measure R” – The Imperial Beach Quality of Life Measure – a proposed 4% increase to the local hotel tax that is paid by visitors and tourists who stay in the local hotels and lodging in Imperial Beach. Measure R passed by 67.36% for an approximately $400,000 annual revenue. Measure R is not a tax on Imperial Beach residents who don’t stay in local hotels. Measure R would allow visitors to contribute to the costs of improvements such as upgrading and maintaining the areas of the city most often visited by tourists with better lighting, sidewalks, and other amenities, which residents also use. Measure R is essential funding to maintain Imperial Beach’s essential services such as keeping neighborhoods safe, quiet and clean, recreation programs, upgrading and maintaining local parks, and improving lighting and safety in areas of the city frequented by visitors to improve the tourism economy – all priorities identified by the Imperial Beach community. If Initiative 21-0042A1 qualifies and passes by the voters on November 5, 2024, Measure R would be repealed and brought forward again to the voters for re-election in the 2025 making it a special election of an approximate cost to the city of $200,000 to $325,000.

As stated in the attached Resolution, you may list the City of Imperial Beach in formal opposition to Initiative #21-0042A1.

Sincerely,
Paloma Aguirre
Mayor
Attachment: Resolution 2024-018

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April 3, 2024
ITEM TITLE: CONSIDERATION OF APPROVAL OF RESOLUTION NO. 2024-017 TO

APPROVE THE FIRST AMENDMENT TO THE CITY MANAGER EMPLOYMENT AGREEMENT (0530-60).

ORIGINATING DEPARTMENT:

Mayor
EXECUTIVE SUMMARY:

The City Council appointed Tyler Foltz as the City Manager in February 2023. The employment agreement requires an annual performance evaluation which was held on March 20, 2024. The City Council is now considering an amendment to the employment agreement to modify the amount of administrative leave and severance pay.

RECOMMENDATION:

Consider approval of Resolution No. 2024-017 to approve the First Amendment to the City Manager Employment Agreement and authorize the Mayor to sign the First Amendment.

OPTIONS:
 Approve resolution; or
 Provide further direction to Staff.

BACKGROUND/ANALYSIS:

The City Council appointed Tyler Foltz as the City Manager in February 2023. The employment agreement requires an annual performance evaluation which the City Council held on March 20, 2024. The recent performance evaluation concluded that City Manager Foltz serves the City well with fiscal prudence and leadership on many projects.

The City Council is now considering an amendment to the employment agreement to modify the amount of administrative leave and severance pay for City Manager Foltz. The proposed First Amendment would change (1) the administrative leave from 80 hours per year to 110 hours per year and (2) the severance pay from 180 days (six months’ worth) to 270 days (nine months’ worth).

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT: The adopted FY24-FY25 budget has sufficient funds to cover the difference of the additional administrative leave hours.

ATTACHMENTS:

1. Resolution No. 2024-017

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2. First Amendment

ATTACHMENT 1
RESOLUTION NO. 2024-017

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

CALIFORNIA, APPROVING THE FIRST AMENDMENT TO THE CITY MANAGER

EMPLOYMENT AGREEMENT AND AUTHORIZING THE MAYOR TO EXECUTE THE FIRST

AMENDMENT
WHEREAS, the City is organized under the Constitution and laws of the State of California and is a council-manager form of government in a general law city; and WHEREAS, pursuant to the City’s Municipal Code, the day-to-day management of the City is provided by a professional city manager that serves at the pleasure of the City Council; and
WHEREAS, the City Council appointed Tyler Foltz as the City Manager of the City of Imperial Beach in February of 2023; and
WHEREAS, the City Council held a performance evaluation of the City Manager on March 20, 2024; and
WHEREAS, the City Council wishes to consider an amendment to the employment agreement to modify the amount of administrative leave and severance pay.

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. The City Council approves the First Amendment to the employment agreement with City Manager Tyler Foltz and authorizes the Mayor to execute the First Amendment.

3. The City Council authorizes the Chief Administrative Officer to take all actions necessary to carry out the provisions of this Resolution.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Imperial Beach at its meeting held on the 3rd day of April 2024, by the following vote:

AYES: COUNCILMEMBERS: BRAGG, MCCOY, ROSE, KING, JANNEY
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE

PALOMA AGUIRRE, MAYOR
ATTEST:

JACQUELINE M. KELLY, CMC

CITY CLERK

Attachment 2

FIRST AMENDMENT TO EMPLOYMENT

AGREEMENT
between
The City of Imperial Beach
and
Tyler Foltz
This FIRST Amendment to Employment Agreement is entered into this 3 rd day of April
2024 (hereinafter “Effective Date”), by and between the City of Imperial Beach, California, a municipal corporation (hereinafter “City”) and Tyler Foltz, an individual (hereinafter “Officer”) (City and Officer referred to collectively as “Parties”) with respect to the employment of Officer as the City Manager of the City.

RECITALS
WHEREAS, in February of 2023, the City and Officer entered into the Employment Agreement; and
WHEREAS, such Employment Agreement requires the City Council to conduct a formal evaluation of Officer’s performance at least once each year; and WHEREAS, the City Council conducted a performance evaluation of the City Manager on March 20, 2024; and
WHEREAS, the City Council now desires to make the following amendments to the Employment Agreement based on the recent performance evaluation.

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:

Section 1. Section 3.B.(2)(c) of the Employment Agreement is hereby amended to read as follows:
(c) As of July 1, 2023, Officer shall be was provided with 80 hours of administrative leave credit annually. Effective April 5, 2024, Officer shall be provided with 30 additional hours of administrative leave credit. Thereafter, Oon July 1 of each year of this Agreement, Officer shall be provided 80110 hours of administrative leave credit annually, with a maximum accrual of 80110 hours of administrative leave. Officer shall comply with the administrative leave requirements and policies applicable to other management employees. Once Officer has accrued the maximum allowable administrative leave, Officer will earn no additional administrative leave until Officer uses administrative leave sufficient to bring Officer below the maximum accrual.

Section 2. Section 4.C.(1) of the Employment Agreement is hereby amended to read as follows:

C. Severance Pay
(1) In the event Officer is terminated by the City Council during such time that Officer is willing and able to perform the City Manager’s duties under this Agreement, then in that event the City agrees to pay Officer a lump sum cash payment equal to 180270 days of the then current annual base salary provided that the Officer signs, delivers, and does not revoke a general release agreement provided by the City. Severance pay shall also include payment for sixnine months’ worth of health (medical, dental, vision) insurance. After Officer’s first annual review by the City Council, tThe City Council, in its sole and absolute discretion, may consider increasing the amount of severance pay within the limits of the law.

Section 3. The amendments under Section 1 above shall be effective as stated in Section

1. The amendments in Section 2 above shall be effective as of April 3, 2024.

Section 4. Except as modified herein, all other terms and conditions of the Employment Agreement shall remain the same.

IN WITNESS WHEREOF the Parties have executed this First Amendment to Employment Agreement as of the day and year first above written.

CITY OF IMPERIAL BEACH

By:

Paloma Aguirre, Mayor
ATTEST:

By:

Jacque Kelly, City Clerk

OFFICER
By:

Tyler Foltz, City Manager