Agenda packet — Imperial Beach City Council, August 21, 2024

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

Wednesday, August 21, 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]. Written comments received by noon on the day of the City Council meeting, that are within the subject matter jurisdiction of the City of Imperial Beach, 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's 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 PRESENTATION ON JUNIOR LIFEGUARD PROGRAM. (0220-40)*

7.b PRESENTATION ON PUMP STATION 1B REHABILITATION. (0830-10)*

7.c PRESENTATION ON IMPERIAL BEACH PIER PRE-FIRE PLAN. (0220-45)*

7.d UPDATE BY SANDAG ON BORDER TO BAYSHORE BIKEWAY PROJECT. (0140-40 & 0680-20)*

7.e UPDATE BY SANDAG ON OTAY MESA EAST PORT OF ENTRY. (0140-40 & 0680-85)*

7.f UPDATE ON DEVELOPMENT OF PATHOGEN FORECAST MODEL. (0210- 90)*
*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.c.

8.a RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM JULY 27, 2024, TO AUGUST 9, 2024. (0300-25)
4 Recommendation:

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

8.b RECEIVE TREASURER’S REPORT FOR JUNE 2024. (0300-90) 14 Recommendation:

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

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8.c SECOND READING AND ADOPTION OF ORDINANCE 2024-1248
AMENDING TITLE 2 OF THE IMPERIAL BEACH MUNICIPAL CODE

RELATED TO TERMS OF OFFICE FOR VARIOUS COMMISSIONS,
BOARDS, AND COMMITTEES. (0120-95)
40 Recommendation:

Conduct the second reading and adopt the ordinance.

9. ORDINANCES/INTRODUCTION & FIRST READING
None.

10. PUBLIC HEARINGS
None.

11. REPORTS

11.a PRESENTATION AND FINANCIAL REPORT BY THE YE OLDE PLANK INN

SPECIAL EVENT CHANGING OF THE GUARDS SUMMER KICK OFF
PARTY (1040-10).
48 Recommendation:

That the City Council accepts and files the presentation and financial report from the event organizer and provides further direction to staff.

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

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August 21, 2024
ITEM TITLE: RATIFICATION OF WARRANT REGISTER FOR THE PERIOD FROM JULY 27, 2024, TO AUGUST 9, 2024. (0300-25)
ORIGINATING DEPARTMENT: Finance
EXECUTIVE SUMMARY:

Staff is recommending that the City Council ratify the accompanying Warrant Register for the period from July 27, 2024, to August 9, 2024, in the amount of $2,057,273.97.

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 July 27, 2024, to August 9, 2024, in the amount of $2,057,273.97, 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
PRISM 103576 3/1/24-3/31/25 PROPERTY PROGRAM $ 169,190
CALPERS DFT0008498 PENSION UAL (MISCELLANEOUS PLAN) 629,161 CALPERS DFT0008499 PENSION UAL (SAFETY PLAN) 391,263
The following registers are submitted for Council ratification:

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Accounts Payable:

DATE CHECK NUMBER AMOUNT(S)
8/1/2024 CK103551-CK103588 $ 243,066.70
8/8/2024 CK103589-CK103638 274,532.36
Sub-Total $ 517,599.06
Total reflected in the attached Expense Approval Report: $ 1,803,782.09 Check Reversals/Voids:

DATE CHECK/EFT NUMBER AMOUNT(S)
8/1/2024 CK103312; CK103388; CK103510 $ (9,028.96)
Sub-Total $ (9,028.96)
Payroll Checks/Direct Deposits

DATE CHECK/EFT NUMBER AMOUNT(S)
8/1/2024 CK49142-47; EFT0000197 $ 262,520.84
Sub-Total $ 262,520.84
TOTAL: $ 2,057,273.97
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 – 07.27.2024-08.09.2024

DATE EFT/DRAFT NUMBER AMOUNT(S)
7/29/2024 DFT0008495 $ 3,731.94
7/30/2024 DFT0008498-8505 1,092,737.00
8/1/2024 DFT0008477 1,388.00
8/2/2024
1719-23; DFT0008455; DFT0008464-76; DFT0008478-82;
DFT0008487-90; DFT0008492; DFT0008494
188,326.09
Sub-Total $ 1,286,183.03

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8/12/2024 12:58:33 PM Page 1 of 8
Expense Approval Report
Imperial Beach, CA By (None)
Payment Dates 7/27/2024 - 8/9/2024
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/02/2024 1719 FORESTERS INVESTOR SERVI… FORESTERS 529 PLAN PPE 07… PPE 07-25-2024 101-0000-209.0122 50.00 08/02/2024 1720 I B FIREFIGHTERS ASSOCIATI… IBFA DUES ACH PPE 07/25/24 PPE 07-25-2024 101-0000-209.0108 440.00 08/02/2024 1721 ICMA RETIREMENT TRUST 457 ICMA % PPE 07/25/24 PPE 07-25-2024 101-0000-209.0110 2,724.31 08/02/2024 1721 ICMA RETIREMENT TRUST 457 ICMA CITY-PAID PPE 07/25/24 PPE 07-25-2024 (2) 101-0000-209.0110 1,792.33 08/02/2024 1721 ICMA RETIREMENT TRUST 457 ICMA FIXED PPE 07/25/24 PPE 07-25-2024 (3) 101-0000-209.0110 5,642.00 08/02/2024 1722 SEIU LOCAL 221 SEIU DUES ACH PPE 07/25/24 PPE 07-25-2024 101-0000-209.0108 1,024.94 08/02/2024 1722 SEIU LOCAL 221 SEIU COPE ACH PPE 07/25/24 PPE 07-25-2024 COPE 101-0000-209.0108 15.00 08/02/2024 1723 US BANK PARS ACH PPE 07/25/24 PPE 07-25-2024 101-0000-209.0120 2,572.54 08/01/2024 103551 ACE UNIFORMS & ACCESSOR… FD SHIRT (3), FD PANTS (2) W…SD0182691 101-3020-422.3002 939.54 08/01/2024 103552 ADVANCED IMAGING SOLUT… 06/20/24-07/19/24 COPIER L…37086404 101-1920-419.2017 3,033.22 08/01/2024 103553 ALL TRAFFIC SOLUTIONS, INC. 12 MONTH RENEWAL - 2 SIG… SIN041548 101-5010-431.2104 250004 3,000.00 08/01/2024 103554 ANITA M KEREZSI FY25 SB90 CONSULTING SRV… I BEACH - 25 - 1 101-1210-413.2006 2,500.00 08/01/2024 103555 ATZIRI ANGEL REFUUND FOR O PERIN CLAS… 74491713 101-0000-344.7715 144.00 08/01/2024 103555 ATZIRI ANGEL CONVENIENCE FEE FOR CLAS… 74491713 101-6010-451.2027 4.32 08/01/2024 103556 BRAD L. STONER PAINTING, I… PREP, PRIME & PAINTING - P… 29925 214-5000-532.2006 240238 5,680.00 08/01/2024 103557 CHULA VISTA ALARM, INC APR 2024 CITY HALL - 825 IB … 71626 101-1910-419.2023 240026 49.95 08/01/2024 103557 CHULA VISTA ALARM, INC APR 2024 B&G CLUB - 425 IB… 71793 101-1910-419.2023 240026 59.95 08/01/2024 103557 CHULA VISTA ALARM, INC JUN 2024 PW - 495 10TH ST 72252 101-1910-419.2023 240026 55.00 08/01/2024 103557 CHULA VISTA ALARM, INC JUN 2024 - B&G CLUB - 425 I… 72475 101-1910-419.2023 240026 59.95 08/01/2024 103557 CHULA VISTA ALARM, INC JUL 2024 - PW - 495 10TH ST 72629 101-1910-419.2023 250021 55.00 08/01/2024 103557 CHULA VISTA ALARM, INC JUL 2024 - EOC - 825 IB BLVD 72661 101-1910-419.2023 250021 49.95 08/01/2024 103557 CHULA VISTA ALARM, INC JUL 2024 - PW REAR BLDGS - …72677 101-1910-419.2023 250021 55.00 08/01/2024 103557 CHULA VISTA ALARM, INC JUL 2024 - CITY HALL - 825 IB… 72694 101-1910-419.2023 250021 49.95 08/01/2024 103557 CHULA VISTA ALARM, INC JUL 2024 - B&G CLUB - 425 IB…72858 101-1910-419.2023 250021 59.95 08/01/2024 103557 CHULA VISTA ALARM, INC AUG 2024 - REC CTR - 425 IB …73052 101-1910-419.2023 250021 39.95 08/01/2024 103557 CHULA VISTA ALARM, INC AUG 2024 - REC CTR - 425 IB …73053 101-1910-419.2023 250021 40.00 08/01/2024 103557 CHULA VISTA ALARM, INC AUG 2024 - COMM CTR - 107…73064 101-1910-419.2023 250021 30.00 08/01/2024 103557 CHULA VISTA ALARM, INC AUG 2024 - VET PARK REST - …73065 101-1910-419.2023 250021 45.00 08/01/2024 103558 CIVICPLUS, LLC. VIRTUAL TRAINING UP TO 2 … 286094 101-6010-451.2804 375.00 08/01/2024 103558 CIVICPLUS, LLC. VIRTUAL TRAINING UP TO 4 … 288213 101-6010-451.2804 750.00 08/01/2024 103559 COX COMMUNICATIONS 07/22/24-08/21/24 - 495 10… 07/22/2024 4601 503-1923-419.2104 241.45 08/01/2024 103560 FLYERS ENERGY LLC 07/25/24 - FUEL DELIVERY (1… 24-145894 501-1921-419.2815 5,385.69 08/01/2024 103561 FREE LANCE SALES, LTD BEACH WARNING FLAGS (12) 127184 101-3030-423.3002 875.00 08/01/2024 103562 GEOFF COREY MAYORS BREAKFAST - PERF… 1 101-1110-412.2808 650.00 08/01/2024 103563 GO-STAFF, INC. WE 07/07/24 PARKS TEMP S… 321158 101-6020-452.2101 250031 776.02 08/01/2024 103563 GO-STAFF, INC. WE 07/14/24 PARKS TEMP S… 321197 101-6020-452.2101 250031 1,293.36 08/01/2024 103563 GO-STAFF, INC. WE 07/21/24 PARKS TEMP S… 321382 101-6020-452.2101 250031 1,293.36 08/01/2024 103564 HDL COREN & CONE JUL-SEP 2024 CONTRACT SE… SIN041240 101-1210-413.2006 2,025.00 ATTACHMENT 1

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 2 of 8
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/01/2024 103565 HEARTLAND FIRE TRAINING … FIRE ACADEMY FOR NEW FIR… 07-22-2024DR 101-3020-422.2804 3,000.00 08/01/2024 103566 I.B. CLEARWATER L.L.C. 07/15/2024 WATER DELIVER… 7/15/24 101-3020-422.3002 66.06 08/01/2024 103566 I.B. CLEARWATER L.L.C. 07-29-2024 WATER DELIVERY…7/29/24 101-3020-422.3002 17.12 08/01/2024 103567 J.E.S. ENGRAVING COMPANY MAYORS BREAKFAST - ACRYL…12359 101-1110-412.2808 1,238.84 08/01/2024 103568 JNM BACKFLOW BACKFLOW REPAIRS AND INS…1044 101-6020-452.2801 1,272.00 08/01/2024 103569 JORGE A VELAZQUEZ J.R TAEKWONDO - TEAM JUST 4 …7252024TJ4K3 101-6010-451.2107 306.00 08/01/2024 103569 JORGE A VELAZQUEZ J.R TAEKWONDO - TEAM JUST 4 …7252024TJK2 101-6010-451.2107 306.00 08/01/2024 103570 KPA SERVICES LLC. AUG 2024 HR IPMA TRAININ… 7/24/24 101-1130-412.2804 70.00 08/01/2024 103571 LORENA ALLEN JULY 2024 IB WALKING - SEN… 7292024LA13 101-6030-453.2310 200.00 08/01/2024 103572 MAINTEX, INC. TOWELS (2) TISSUE (1 CASE) … 1094979-00 101-1910-419.3002 918.92 08/01/2024 103572 MAINTEX, INC. BLACK AND CLEAR TRASH LI… 1094981-00 101-6020-452.3002 504.60 08/01/2024 103573 NEXTAFF GROUP, LLC. WE 06/09/24 HR/CC TEMP E… 5058154 101-1130-412.2101 1,024.88 08/01/2024 103573 NEXTAFF GROUP, LLC. WE 06/16/24 HR/CC TEMP E… 5058340 101-1130-412.2101 1,106.25 08/01/2024 103573 NEXTAFF GROUP, LLC. WE 07/21/24 CC TEMP E M… 5059185 101-1020-411.2101 64.00 08/01/2024 103573 NEXTAFF GROUP, LLC. WE 07/21/24 HR TEMP E M… 5059185 101-1130-412.2101 1,136.00 08/01/2024 103574 O'REILLY AUTO PARTS #3980 BATTERY FOR 5401 & LIGHT… 3980-164769 501-1921-419.2816 326.47 08/01/2024 103575 PARKHOUSE TIRE INC TIRE DISPOSAL AND ENVIRO… 3010416959 501-1921-419.2904 240.00 08/01/2024 103576 PUBLIC RISK INNOVATION, S… 03/01/24-03/31/25 PROPER… 25500020 502-1922-419.2802 169,190.00 08/01/2024 103577 ROBERT HALF/ACCOUNTEM… WE 07/26/24 - FINANCE TEM…63881097 101-1210-413.2101 1,411.74 08/01/2024 103578 RONALD EUGENE WHEELER RONS GARAGE BAND - MUSIC…001IB 101-6014-451.2808 1,000.00 08/01/2024 103580 SAN DIEGO FRICTION PROD… TRUCK E-239 REAR SPOTLIG… 06P89799 101-3020-422.2801 740.25 08/01/2024 103580 SAN DIEGO FRICTION PROD… TRUCK E-239 STROBE LIGHT … 06P89922 101-3020-422.2801 1,075.70 08/01/2024 103581 SIGNAL HILL AUTO ENTERPRI… GLOVES (70BX), TOILET PAPE… 069154 101-6040-454.3002 250019 1,388.47 08/01/2024 103582 SITEONE LANDSCAPE SUPPLY,…REGULATOR/VALVE(2),SICKLE…144288350-001 101-6040-454.3002 250016 146.04 08/01/2024 103583 TBT, INC. NEW DOOR AND FRAME INS… 211289 214-5000-532.2006 3,326.00 08/01/2024 103584 THE SHERWIN-WILLIAMS CO PAINT/PRIMER FOR PIER PLA… 4513-0 101-6040-454.3002 292.00 08/01/2024 103585 TRANE U.S. INC. HVAC REPAIR SRVCS FOR SEN…314662521 214-5000-532.2006 1,912.00 08/01/2024 103586 TRUE NORTH COMPLIANCE S…JUN 2024 - PLAN REVIEW SR… 24-06-028 101-3040-424.2016 20,560.61 08/01/2024 103587 VERIZON WIRELESS 06/20/24-07/19/24 SIM CAR… 9969472874 101-3020-422.2705 111.14 08/01/2024 103588 VIRTUAL PROJECT MANAGER,…JUL 2024 SOFTWARE SYS M… 12-4118 420-5000-532.2006 500.00 08/08/2024 103589 ACE EXCAVATING & ENVIRO… RETENTION JUL 2024 SPORTS…5 420-0000-202.0000 -2,558.51 08/08/2024 103589 ACE EXCAVATING & ENVIRO… JUL 2024 SPORTS PARK REST… 5 420-6020-552.2006 240226-R1 51,170.25 08/08/2024 103590 ACME SAFETY AND SUPPLY CONCRETE CAR STOPS (12), P…161898-00 214-5000-532.2006 708.57 08/08/2024 103591 AMAZON CAPITAL SERVICES, …RESTROOM ITEMS SENIOR C… 1PWJ-KD7M-1F1K 214-5000-532.2006 2,755.10 08/08/2024 103592 AZTEC LANDSCAPING INC JUL 2024 LANDSCAPE/STORM…L4804 101-5050-435.2801 250024 2,860.80 08/08/2024 103592 AZTEC LANDSCAPING INC JUL 2024 SR75 MEDIAN/PAL… L8403 101-5010-431.2801 250023 8,119.24 08/08/2024 103593 CALIFORNIA ELECTRIC SUPPLY SHEPHERD'S HOOK ARM(20) …1069-1055346 101-5010-431.2123 240248 5,981.25 08/08/2024 103594 CINTAS CORPORATION 07/16/2024 FACILITIES MATS 4199025963 101-1910-419.2006 33.99 08/08/2024 103594 CINTAS CORPORATION 07/16/24 PW UNIFORMS 4199026114 101-5020-432.2503 250036 301.71 08/08/2024 103594 CINTAS CORPORATION 07/23/2024 FACILITIES MATS 4199721349 101-1910-419.2006 33.99 08/08/2024 103594 CINTAS CORPORATION 07/23/24 PW UNIFORMS 4199721625 101-5020-432.2503 250036 301.71 08/08/2024 103594 CINTAS CORPORATION 07/30/24 PW UNIFORMS 4200398767 101-5020-432.2503 250036 333.76 08/08/2024 103595 CIVICPLUS, LLC. CIVIC-ENGAGE SYSTEM TRAIN…310668 503-1923-419.2804 1,250.00 08/08/2024 103596 COUNTY OF SAN DIEGO NOTICE OF EXEMPTION - 326…USE-24-0022 101-1230-413.2102 50.00

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 3 of 8
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/08/2024 103597 COX COMMUNICATIONS 07/25/24-08/24/24 - 825 IB … 07/25/2024 0701 503-1923-419.2104 900.00 08/08/2024 103598 CRYSTAL CELIS, PETTY CASH … C. CELIS - BAGELS FOR PW E… 7/22/24 PC FY24 101-5020-432.2902 44.51 08/08/2024 103598 CRYSTAL CELIS, PETTY CASH … C. CELIS - BAGELS FOR PW W… 7/22/24 PC FY24 101-5020-432.2902 55.70 08/08/2024 103598 CRYSTAL CELIS, PETTY CASH … E. MINCILLI - KEY FOR SPORTS…7/22/24 PC FY24 101-5020-432.3002 8.97 08/08/2024 103598 CRYSTAL CELIS, PETTY CASH … K. HENDERSON - BACKUP KE… 7/22/24 PC FY24 101-6020-452.3002 25.01 08/08/2024 103598 CRYSTAL CELIS, PETTY CASH … H. MARTINEZ - OVERTIME F… 7/22/24 PC FY24 601-5060-436.2804 35.05 08/08/2024 103599 CSMFO CSMFO PROF MEMBERSHIP -…200023884 101-1210-413.2804 50.00 08/08/2024 103599 CSMFO CSMFO PROF MEMBERSHIP -…300015531 101-1210-413.2812 55.00 08/08/2024 103600 DEBRA MCNEIL PLATES NAPKINS AND SILVE… 111927051225 101-1210-413.3002 44.47 08/08/2024 103601 DUNN EDWARDS CORPORAT… PAINT FOR DUNES PARK RES… ASHL70-0-L-1 101-6040-454.3002 171.59 08/08/2024 103602 ECKENROTH PUBLICATIONS 07/04/24 NOTICE OF ELECTI… 147677 101-1020-411.2106 235.00 08/08/2024 103602 ECKENROTH PUBLICATIONS 07/18 PARK AND REC COLOR… 147813 101-6014-451.2807 309.00 08/08/2024 103603 EYEGATE DESIGN FIELD POSTINGS SIGN i072424-2 101-6010-451.2006 175.00 08/08/2024 103604 FLYERS ENERGY LLC 08/01/24 - FUEL DELIVERY (1… 24-151925 501-1921-419.2815 4,682.71 08/08/2024 103605 GO-STAFF, INC. WE 07/28/24 PARKS TEMP S… 321590 101-6020-452.2101 250031 1,293.36 08/08/2024 103606 GRAINGER BELTS (7) - JOHN DERE MOW… 9141192519 501-1921-419.2816 113.67 08/08/2024 103606 GRAINGER PUMP STATION 1-B - S HOOK…9186896032 601-5060-436.3002 230.36 08/08/2024 103606 GRAINGER PUMP STATION 1-B HARD H… 9187016671 601-5060-436.3002 97.45 08/08/2024 103606 GRAINGER KEYED PADLOCK (24) 9187518874 601-5060-436.3002 208.02 08/08/2024 103606 GRAINGER PUMP STATION 1-B SUPPLIES 9187518882 601-5060-436.5004 1,652.32 08/08/2024 103607 GRANICUS, LLC. 08/01/24-07/31/25 DISCLOS… 188293 101-1020-411.2104 3,097.28 08/08/2024 103608 HAWTHORNE MACHINERY CO MONTHLY EMERGENCY GEN… SS100138733 601-5060-436.2104 275.00 08/08/2024 103608 HAWTHORNE MACHINERY CO MONTHLY EMERGENCY GEN… SS100138734 601-5060-436.2104 275.00 08/08/2024 103609 HAYES BOLT AND SUPPLY PUMP STATION 1-B BOLTS A… 228829 601-5060-436.3002 51.72 08/08/2024 103609 HAYES BOLT AND SUPPLY PUMP STATION 1-B SCREWS… 228840 601-5060-436.3002 199.88 08/08/2024 103610 HERITAGE INN OF IMPERIAL … 2024 APR-JUN TOT771 - RESO…2024 APR-JUN TOT771 101-0000-316.7049 60,465.58 08/08/2024 103611 I.B. CLEARWATER L.L.C. 08-05-2024 WATER DELIVERY…8/05/24 101-3020-422.3002 21.62 08/08/2024 103612 JEFFREY SCOTT ARVESON JUL 2024 - DEAD ANIMAL R… 08012024 101-3050-425.2006 347.00 08/08/2024 103613 LINDA WHEELOCK WILLIS RENTS A BOOTH. REFUNDING…INV-00019259 101-0000-323.7102 84.00 08/08/2024 103613 LINDA WHEELOCK WILLIS RENTS A BOOTH. REFUNDING…INV-00019259 101-0000-323.7103 14.00 08/08/2024 103614 MAINTEX, INC. TOWELS, TRASH BAGS, DISIN… 1096709-00 101-1910-419.3002 1,452.00 08/08/2024 103615 NEXT DAY PRINTED TEES EMBROIDERY CHARGE FOR L… 91140 101-6010-451.2503 73.95 08/08/2024 103615 NEXT DAY PRINTED TEES M/L/XL/XXL/XXXXL MENS SH… 91294 101-6010-451.2503 865.75 08/08/2024 103616 NEXTAFF GROUP, LLC. WE 07/28/24 & 08/04/24 HR…5059431 101-1130-412.2101 2,493.75 08/08/2024 103617 NV5 INC FEB/15-22/24 - USE-23-0007 …387017 101-0000-221.0102 344.02 08/08/2024 103617 NV5 INC FEB/12-19/24 - USE-23-0018 …387018 101-0000-221.0102 382.13 08/08/2024 103617 NV5 INC FEB/07-MAR/4/24 - USE-23-… 387019 101-0000-221.0102 387.28 08/08/2024 103617 NV5 INC JAN/30-FEB/19/24- USE-22-0…387023 101-0000-221.0102 1,504.83 08/08/2024 103617 NV5 INC FEB/07-MAR/04/24- USE-22-… 387028 101-0000-221.0102 1,404.41 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…MOUSE FOR DESK 373774970001 101-5020-432.3001 107.65 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…PUBLIC WORKS PRINTED EN… 375063557001 101-5020-432.3001 97.11 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…HAND SANITIZER (1 CASE) 375066416001 101-5020-432.3002 71.22 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…FINANCE ENVELOPES (5 BOX… 375950195001 101-1210-413.3002 202.87 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…COMM RESPONSE DIV- SANIT…376701077001 101-6016-451.3002 379.21

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 4 of 8
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…BINDER CLIPS (COMM. RESP… 376708052001 101-6016-451.3002 5.58 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…LANDSCAPE PAD (4) 376708055001 101-6010-451.3001 41.28 08/08/2024 103618 ODP BUSINESS SOLUTIONS, L…CALENDAR PRCS DEPT 376708056001 101-6010-451.3001 16.52 08/08/2024 103619 PACIFIC PIPELINE SUPPLY PUMP STATION 1-B FLANGE S100464889.001 601-5060-436.3002 876.18 08/08/2024 103619 PACIFIC PIPELINE SUPPLY PUMP STATION 1-B SPOOL/… S100466190.001 601-5060-436.3002 2,736.80 08/08/2024 103620 PROTECTION ONE ALARM M… AUG 2024 - 10 PUMP STATI… 155811477 601-5060-436.2023 250033 465.15 08/08/2024 103621 ROBERT HALF TECHNOLOGY WE 07/26/24 - IT TEMP J ZA… 63900094 503-1923-419.2101 2,100.00 08/08/2024 103622 ROBERT HALF/ACCOUNTEM… WE 08/02/24 - FINANCE TEM…63908855 101-1210-413.2101 1,821.60 08/08/2024 103623 SAN DIEGO COUNTY FIRE CHI…C BERGH FY24-25 SD FIRE CH…24/25-CB-ADMIN 101-3020-422.2812 60.00 08/08/2024 103624 SAN DIEGO COUNTY FIRE CHI…FY 24-25 MEMBERSHIP DUES…7/24/24-TS/SE 101-3020-422.2812 100.00 08/08/2024 103625 SAN DIEGO COUNTY FIRE CHI…FY24-25 MEMBERSHIP DUES J…24/25-JB 101-3020-422.2812 50.00 08/08/2024 103626 SAN DIEGO FRICTION PROD… EMERGENCY SEWER TRUCK … 06P88704 601-5060-436.2801 1,778.26 08/08/2024 103627 SD LUXURY LIMOS 08/25/2024 SENIOR GETEA… 31662 101-6030-453.2310 1,023.75 08/08/2024 103628 SDGE 06/28/24-07/29/24 - 755 DE… 0020 2498 4701 7 08/02/24 601-5060-436.2701 207.04 08/08/2024 103628 SDGE 06/29/24-07/30/24 - 425 IB … 0020 8169 2339 9 08/01/24 101-6010-451.2701 10.00 08/08/2024 103628 SDGE 06/28/24-07/29/24 - 1298 G… 0037 3630 3079 0 08/02/24 101-5010-431.2701 25.96 08/08/2024 103628 SDGE 06/29/24-07/30/24 - 170 PA… 0049 3035 3196 9 08/01/24 101-1910-419.2701 10.00 08/08/2024 103628 SDGE 03/28/24-07/29/24 - 585 IB … 0051 5327 2671 7 08/02/24 101-5010-431.2701 31.79 08/08/2024 103628 SDGE 06/26/24-07/25/24 - 1297 IB…0052 8034 0664 1 07/31/24 101-5010-431.2701 109.49 08/08/2024 103628 SDGE 06/28/24-07/29/24 - 1025 9… 0087 7382 3642 4 05/02/24 601-5060-436.2701 1,279.46 08/08/2024 103628 SDGE 06/28/24-07/29/24 - 849 EN… 2100 0121 6790 6 08/02/24 101-6020-452.2701 16.10 08/08/2024 103629 SIGNAL HILL AUTO ENTERPRI… TISSUE (5 CS) TOWELS (2 CS) …069908 101-6040-454.3002 250019 665.34 08/08/2024 103630 SITEONE LANDSCAPE SUPPLY,…LANDSCAPE MATERIALS 144510214-001 101-6020-452.2801 239.55 08/08/2024 103631 SO CAL INDUSTRIES RESTROOM RENTAL - SPORT… 689583 420-6020-552.2006 240230 1,475.16 08/08/2024 103632 SOUTHWEST BOULDER & ST… TOP SOIL - PARKS 646611 101-6020-452.2801 100.57 08/08/2024 103632 SOUTHWEST BOULDER & ST… MULCH - PARK TREES 651067 101-6020-452.2801 88.10 08/08/2024 103632 SOUTHWEST BOULDER & ST… ROCKS FOR SENIOR CENTER 664932 214-5000-532.2006 286.68 08/08/2024 103633 SUNBELT RENTALS, INC. SPIDERBOX TOP AND SPIDER… 156320045-0001 101-6014-451.2808 105.60 08/08/2024 103633 SUNBELT RENTALS, INC. COMMUNITY GARDEN - WAL…157092761-0001 101-6014-451.2808 171.75 08/08/2024 103634 TRANE U.S. INC. FY 24-25 Q1 HVAC SERVICES 314674411 101-1910-419.2104 250038 7,011.50 08/08/2024 103635 TYLER TECHNOLOGIES INC 07/01/24-06/30/25 - ENERG… 025-471729 503-1923-419.2025 55,344.92 08/08/2024 103636 U.S. BANK CORPORATE PAY… JUN-JUL 2024 P-CARD CHAR… 07-22-2024 101-1210-413.2102 37,460.64 08/08/2024 103637 UNDERGROUND SERVICE AL… MAY 2024 NEW TICKET CHA… 520240337 601-5060-436.2023 113.25 08/08/2024 103637 UNDERGROUND SERVICE AL… JUN 2024 NEW TICKET CHAR… 620240346 601-5060-436.2023 97.50 08/08/2024 103637 UNDERGROUND SERVICE AL… JUL 2024 NEW TICKET CHAR… 720240339 601-5060-436.2023 250034 145.05 08/08/2024 103638 VITAL RECORDS HOLDING LLC DIGITIZATION OF MICROFIC… 4397117 101-1020-411.2104 2,135.48 08/02/2024 DFT0008455 CALIFORNIA STATE DISBURS… SDU CHILD SUPPORT PPE 07/…49133445 101-0000-209.0107 856.12 08/02/2024 DFT0008464 CALPERS LG L2 23011 EE PPE 07/25/24 100000017562385 EE 101-0000-209.0106 454.05 08/02/2024 DFT0008465 CALPERS LG L2 23011 ER PPE 07/25/24 100000017562385 ER 101-0000-209.0106 569.85 08/02/2024 DFT0008466 CALPERS MISC L2 23012 EE PPE 07/25… 100000017562425 EE 101-0000-209.0106 1,458.42 08/02/2024 DFT0008467 CALPERS MISC L2 23012 ER PPE 07/25… 100000017562425 ER 101-0000-209.0106 1,832.62 08/02/2024 DFT0008468 CALPERS FIRE PEPRA 25375 EE PPE 07… 100000017562467 EE 101-0000-209.0106 4,661.91 08/02/2024 DFT0008469 CALPERS FIRE PEPRA 25375 ER PPE 07… 100000017562467 ER 101-0000-209.0106 4,665.30 08/02/2024 DFT0008470 CALPERS LG PEPRA 25376 EE PPE 07/2…100000017562502 EE 101-0000-209.0106 2,229.28

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 5 of 8
Payment Date Payment Number Vendor Name Description (Item) Payable Number Account Number Purchase Order Number Amount 08/02/2024 DFT0008471 CALPERS LG PEPRA 25376 ER PPE 07/2…100000017562502 ER 101-0000-209.0106 2,230.92 08/02/2024 DFT0008472 CALPERS MISC 26352 EE PPE 07/25/24…100000017562539 EE 101-0000-209.0106 -2.88 08/02/2024 DFT0008472 CALPERS MISC PEPRA 26352 EE PPE 07…100000017562539 EE 101-0000-209.0106 11,398.23 08/02/2024 DFT0008473 CALPERS MISC 26352 ER PPE 07/25/24…100000017562539 ER 101-0000-209.0106 -3.63 08/02/2024 DFT0008473 CALPERS MISC 26352 ER PPE 07/25/24…100000017562539 ER 101-0000-209.0106 -0.01 08/02/2024 DFT0008473 CALPERS MISC 26352 ER PPE 07/25/24…100000017562539 ER 101-0000-209.0106 -0.01 08/02/2024 DFT0008473 CALPERS MISC PEPRA 26352 ER PPE 0… 100000017562539 ER 101-0000-209.0106 11,575.42 08/02/2024 DFT0008474 CALPERS FIRE L1 4625 EE PPE 07/25/24 100000017562297 EE 101-0000-209.0106 3,455.16 08/02/2024 DFT0008475 CALPERS FIRE L1 4625 ER PPE 07/25/24 100000017562297 ER 101-0000-209.0106 4,497.39 08/02/2024 DFT0008476 CALPERS LG L1 4626 EE PPE 07/25/24 10000001756342 EE 101-0000-209.0106 1,100.54 08/01/2024 DFT0008477 CALPERS LG L1 4626 ER PPE 07/25/24 10000001562342 ER 101-0000-209.0106 1,388.00 08/02/2024 DFT0008478 CALPERS MISC L1 470 EE PPE 07/25/24 100000017562263 EE 101-0000-209.0106 7,584.95 08/02/2024 DFT0008479 CALPERS MISC L1 470 ER PPE 07/25/24 100000017562263 ER 101-0000-209.0106 9,284.55 08/02/2024 DFT0008480 CALPERS SCP ARSC POST-TAX PPE 07/… PPE 07-25-2024 ARSCT 101-0000-209.0106 180.63 08/02/2024 DFT0008481 CALPERS SCP SPM PRE-TAX PPE 07/25… PPE 07-25-2024 SPMTD 101-0000-209.0106 87.85 08/02/2024 DFT0008482 CALPERS PERS SCP SPM TAXED ppe 07… PPE 07-25-2024 SPMT 101-0000-209.0106 395.55 08/02/2024 DFT0008487 STATE OF CALIFORNIA STATE TAX W/H PPE 07/25/24 7925370 101-0000-209.0105 14,280.49 08/02/2024 DFT0008488 STATE OF CALIFORNIA SDI W/H PPE 07/25/24 7925386 101-0000-209.0115 522.57 08/02/2024 DFT0008489 INTERNAL REVENUE SERVICE FED TAX W/H PPE 07/25/24 24998504 FED 101-0000-209.0102 36,931.11 08/02/2024 DFT0008490 INTERNAL REVENUE SERVICE MEDICARE W/H PPE 07/25/24 24998504 MED 101-0000-209.0104 11,347.16 08/02/2024 DFT0008492 INTERNAL REVENUE SERVICE SOCIAL SECURITY PPE 07/25/…24998504 SS 101-0000-209.0104 41,970.30 08/02/2024 DFT0008494 MIDAMERICA ADMINISTRATI…JUL 2024 FSA 07/23/24-07/2… 08-02-2024 101-0000-209.0125 501.13 07/29/2024 DFT0008495 STATE OF CALIFORNIA CY24 Q2 UNEMPLOYMENT I… CY24 Q2 101-0000-209.0119 3,657.30 07/29/2024 DFT0008495 STATE OF CALIFORNIA CY24 Q2 EMPLOYMENT TRAI… CY24 Q2 101-0000-209.0119 74.64 07/30/2024 DFT0008498 CALPERS FY24-25 CALPERS PLAN 470 -… 100000017588836 101-1920-419.1110 629,161.00 07/30/2024 DFT0008499 CALPERS FY24-25 CALPERS PLAN 4625 …100000017588852 101-3020-422.1101 391,263.00 07/30/2024 DFT0008500 CALPERS FY24-25 CALPERS PLAN 4626 …100000017588864 101-3030-423.1101 50,270.00 07/30/2024 DFT0008501 CALPERS FY24-25 CALPERS PLAN 2635… 100000017588933 101-1920-419.1110 8,338.00 07/30/2024 DFT0008502 CALPERS FY24-25 CALPERS PLAN 2301… 100000017588891 101-1920-419.1110 5,338.00 07/30/2024 DFT0008503 CALPERS FY24-25 CALPERS PLAN 2537… 100000017588905 101-3020-422.1101 4,391.00 07/30/2024 DFT0008504 CALPERS FY24-25 CALPERS PLAN 2537… 100000017588920 101-3030-423.1101 2,548.00 07/30/2024 DFT0008505 CALPERS FY24-25 CALPERS PLAN 2301… 100000017588878 101-3030-423.1101 1,428.00 Grand Total: 1,803,782.09

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 6 of 8
Report Summary
Fund Summary
Fund Payment Amount
101 - GENERAL FUND 1,488,028.44
214 - MISCELLANEOUS GRANTS 14,668.35
420 - PARKS MAJOR MAINTENAN CIP 50,586.90
501 - VEHICLE REPLACEMENT/MAINT 10,748.54
502 - RISK MANAGEMENT FUND 169,190.00
503 - TECHNOLOGY/COMMUNICATIONS 59,836.37
601 - SEWER ENTERPRISE FUND 10,723.49
Grand Total: 1,803,782.09
Account Summary
Account Number Account Name Payment Amount
101-0000-209.0102 P/R FIT PAYABLE 36,931.11
101-0000-209.0104 P/R FICA PAYABLE 53,317.46
101-0000-209.0105 P/R STATE TAX LIABILITI… 14,280.49
101-0000-209.0106 P/R PERS RETIREMENT P… 69,044.09
101-0000-209.0107 P/R GARNISHMENT PAY… 856.12
101-0000-209.0108 P/R EMPLOYEE ASSOC D… 1,479.94
101-0000-209.0110 P/R DEFERRED COMP 10,158.64
101-0000-209.0115 P/R STD-PART-TIME 522.57
101-0000-209.0119 P/R EDD UNEMPLOY IN… 3,731.94
101-0000-209.0120 PARS EMPLOYEE CONTR… 2,572.54
101-0000-209.0122 EDUCATIONAL SAVINGS … 50.00
101-0000-209.0125 P/R FSA 501.13
101-0000-221.0102 DEVELOPER DEPOSITS 4,022.67
101-0000-316.7049 TRANSIENT OCCUPANCY… 60,465.58
101-0000-323.7102 COM/FIRE INSPECTION F… 84.00
101-0000-323.7103 RES/FIRE INSPECTION FE… 14.00
101-0000-344.7715 RECREATION CLASSES - … 144.00
101-1020-411.2101 TEMPORARY STAFFING 64.00
101-1020-411.2104 TECHNICAL SERVICES 5,232.76
101-1020-411.2106 CONTRACTS-ELECTIONS 235.00
101-1110-412.2808 COMMUNITY PROGRAMS 1,888.84
101-1130-412.2101 TEMPORARY STAFFING 5,760.88
101-1130-412.2804 TRAVEL, TRAINING, MEE… 70.00
101-1210-413.2006 PROFESSIONAL SERVICES 4,525.00
101-1210-413.2101 TEMPORARY STAFFING 3,233.34
101-1210-413.2102 ADMINISTRATION CHAR… 37,460.64
101-1210-413.2804 TRAVEL, TRAINING, MEE… 50.00
101-1210-413.2812 MEMBERSHIP DUES 55.00
101-1210-413.3002 OPERATING SUPPLIES 247.34

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 7 of 8
Account Summary
Account Number Account Name Payment Amount
101-1230-413.2102 ADMINISTRATION CHAR… 50.00
101-1910-419.2006 PROFESSIONAL SERVICES 67.98
101-1910-419.2023 SECURITY & ALARM 649.65
101-1910-419.2104 TECHNICAL SERVICES 7,011.50
101-1910-419.2701 GAS & ELECTRIC (SDG&E) 10.00
101-1910-419.3002 OPERATING SUPPLIES 2,370.92
101-1920-419.1110 PENSION EXPENSE 642,837.00
101-1920-419.2017 COPIER LEASES 3,033.22
101-3020-422.1101 PERS-CITY PORTION 395,654.00
101-3020-422.2705 UTILITIES-CELL PHONES 111.14
101-3020-422.2801 MAINTENANCE & REPAIR 1,815.95
101-3020-422.2804 TRAVEL, TRAINING, MEE… 3,000.00
101-3020-422.2812 MEMBERSHIP DUES 210.00
101-3020-422.3002 OPERATING SUPPLIES 1,044.34
101-3030-423.1101 PERS-CITY PORTION 54,246.00
101-3030-423.3002 OPERATING SUPPLIES 875.00
101-3040-424.2016 PLAN CHECK SERVICES 20,560.61
101-3050-425.2006 PROFESSIONAL SERVICES 347.00
101-5010-431.2104 TECHNICAL SERVICES 3,000.00
101-5010-431.2123 TRAFFIC CONTROL 5,981.25
101-5010-431.2701 GAS & ELECTRIC (SDG&E) 167.24
101-5010-431.2801 MAINTENANCE & REPAIR 8,119.24
101-5020-432.2503 RENT-UNIFORMS 937.18
101-5020-432.2902 EMPLOYEE RECOGNITIO… 100.21
101-5020-432.3001 OFFICE SUPPLIES 204.76
101-5020-432.3002 OPERATING SUPPLIES 80.19
101-5050-435.2801 MAINTENANCE & REPAIR 2,860.80
101-6010-451.2006 PROFESSIONAL SERVICES 175.00
101-6010-451.2027 BANKING/FIN SVC CHAR… 4.32
101-6010-451.2107 CONTRACTS - RECREATI… 612.00
101-6010-451.2503 RENT-UNIFORMS 939.70
101-6010-451.2701 GAS & ELECTRIC (SDG&E) 10.00
101-6010-451.2804 TRAVEL, TRAINING, MEE… 1,125.00
101-6010-451.3001 OFFICE SUPPLIES 57.80
101-6014-451.2807 ADVERTISING 309.00
101-6014-451.2808 COMMUNITY PROGRAMS 1,277.35
101-6016-451.3002 OPERATING SUPPLIES 384.79
101-6020-452.2101 TEMPORARY STAFFING 4,656.10
101-6020-452.2701 GAS & ELECTRIC (SDG&E) 16.10
101-6020-452.2801 MAINTENANCE & REPAIR 1,700.22
101-6020-452.3002 OPERATING SUPPLIES 529.61
101-6030-453.2310 SENIOR PROGRAMS 1,223.75

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Expense Approval Report Payment Dates: 7/27/2024 - 8/9/2024 8/12/2024 12:58:33 PM Page 8 of 8
Account Summary
Account Number Account Name Payment Amount
101-6040-454.3002 OPERATING SUPPLIES 2,663.44
214-5000-532.2006 PROFESSIONAL SERVICES 14,668.35
420-0000-202.0000 CONTRACT RETENTION … -2,558.51
420-5000-532.2006 PROFESSIONAL SERVICES 500.00
420-6020-552.2006 PROFESSIONAL SERVICES 52,645.41
501-1921-419.2815 VEHICLE OPERATE-FUEL… 10,068.40
501-1921-419.2816 VEHICLE OPERATE-PARTS… 440.14
501-1921-419.2904 OTHER SERVICES & CHA… 240.00
502-1922-419.2802 INSURANCE PREMIUM/… 169,190.00
503-1923-419.2025 SOFTWARE MAINTENAN… 55,344.92
503-1923-419.2101 TEMPORARY STAFFING 2,100.00
503-1923-419.2104 TECHNICAL SERVICES 1,141.45
503-1923-419.2804 TRAVEL, TRAINING, MEE… 1,250.00
601-5060-436.2023 SECURITY & ALARM 820.95
601-5060-436.2104 TECHNICAL SERVICES 550.00
601-5060-436.2701 GAS & ELECTRIC (SDG&E) 1,486.50
601-5060-436.2801 MAINTENANCE & REPAIR 1,778.26
601-5060-436.2804 TRAVEL, TRAINING, MEE… 35.05
601-5060-436.3002 OPERATING SUPPLIES 4,400.41
601-5060-436.5004 EQUIPMENT 1,652.32
Grand Total: 1,803,782.09
Project Account Summary
Project Account Key Payment Amount
**None** 1,668,285.64
22-0106-DEP 1,504.83
22-0126-DEP 1,404.41
23-0007-DEP 344.02
23-0018-DEP 382.13
23-0019-DEP 387.28
GRT068-EXP 200.00
P23101-C 52,645.41
P24101-EXP 500.00
SP1613-EXP 1,888.84
SP1702-EXP 105.60
SP22101-SR 14,668.35
SP24106-EXP 1,000.00
TOT771-EXP 60,465.58
Grand Total: 1,803,782.09

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P a g e | 1
August 21, 2024
ITEM TITLE: RECEIVE TREASURER’S REPORT FOR JUNE 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 June 2024 Treasurer's Report.

OPTIONS:
 Receive and file the June 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;

Page 14 of 48 ends

P a g e | 2

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

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

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

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

The City has funds invested by Chandler Asset Management, Local Area Investment Fund (LAIF), Chase (the City's operating account), a section 115 trust fund, and tax allocation reserve bonds.

As of the month ending June 30, 2024, the total market value of the City’s investment portfolio equals $41,183,387.48. The attached Treasurer's Report provides a statement of cash flows and cash and investments description.

ATTACHMENTS:

ATT 1 - 2024.06 Treasurer’s Report
ATT 2 - 2024.06 Chandler Statement
ATT 3 - 2024.06 LAIF Statement

Page 15 of 48 ends

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
June 30, 2024
ATTACHMENT 1
Beginning
Balance Total Activity Ending Balance

GENERAL FUND
101 ‐ GENERAL FUND 17,819,324.65 1,678,094.30 $ 19,497,418.95 103 ‐ M&A DA FUND 552,739.84 7,408.99 560,148.83 105 ‐ PEG FUND 62,875.48 (24,208.28) 38,667.20 20,096,234.98

OTHER GOVERNMENT FUNDS
201 ‐ GAS TAX FUND 616,061.22 (665,471.41) (49,410.19) 202 ‐ PROP "A" (TRANSNET) FUND (96,423.95) (154,323.96) (250,747.91) 207 ‐ ROAD MTCE & REHAB (RMRA) 1,410,792.39 9,571.16 1,420,363.55 212 ‐ SLESF (COPS) FUND 42,106.84 (16,116.90) 25,989.94 214 ‐ MISCELLANEOUS GRANTS FUND 2,394,531.16 (258,450.55) 2,136,080.61 401 ‐ CAPITAL IMPROVEMENT FUND 1,002,848.07 (88,026.46) 914,821.61 420 ‐ PARKS MAJOR MAINTENANCE CIP 1,626,989.25 (84,831.09) 1,542,158.16 5,739,255.77

HOUSING AUTHORITY
216 ‐ HOUSING AUTHORITY 864,700.42 5,773.72 870,474.14 870,474.14

SUCCESSOR AGENCY
303 ‐ REDEV OBLIG RETIRE FUND 614,115.29 183.52 614,298.81 614,298.81

INTERNAL SERVICES
501 ‐ VEHICLE REPLACEMENT/MAINT 868,642.22 145,415.78 1,014,058.00 502 ‐ RISK MANAGEMENT FUND 1,435,938.11 626,423.01 2,062,361.12 503 ‐ TECHNOLOGY/COMMUNICATIONS 396,702.09 209,731.80 606,433.89 504 ‐ FACILITY MAINT/REPLACEMENT 240,532.15 39,174.58 279,706.73 3,962,559.74

SEWER FUND
601 ‐ SEWER ENTERPRISE FUND 7,016,250.71 (224,366.74) 6,791,883.97 6,791,883.97

AGENCY FUNDS
715 ‐ ASSESSMENT DIST. #63 FUND 125,192.15 1,143.06 126,335.21 720 ‐ ASSESSMENT DIST. #64 FUND 31,908.01 291.33 32,199.34 725 ‐ ASSESSMENT DIST. #66 FUND 180,537.78 1,648.38 182,186.16 730 ‐ ASSESSMENT DIST. #68 FUND 107,261.47 979.34 108,240.81 735 ‐ ASSESSMENT DIST. #71 FUND 17,256.47 157.56 17,414.03 466,375.55
GRAND TOTAL 38,541,082.96 $

Page 1 ends

Page 16 of 48 ends

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Statement of Cash Flows
For the Month Ended
June 30, 2024
ATTACHMENT 1

CASH DEPOSIT ACCOUNTS
Beginning
Balance Total Activity Ending Balance
Chase ‐ Checking (Operating) 2,715,095.84             (2,691,683.49) $            23,412.35 Chandler Investments 23,127,129.04                  51,884.63        23,179,013.67 LAIF 11,488,656.94            3,850,000.00        15,338,656.94 $    38,541,082.96
Operating Bank Reconciliation
General Ledger Balance 23,412.35
Outstanding Checks/Deposits/Adjustments $1,474,220.05
Statement Balance $1,497,632.40
Chandler Asset Management Reconciliation
General Ledger Balance 23,179,013.67
Cash Receivable Pending/Interest/Market Value/Other Adjustments 7,983.72 Statement Balance $    23,186,997.39
LAIF Reconciliation
General Ledger Balance 15,338,656.94
Interest/Market Value/Other Adjustments                           ‐ Statement Balance $    15,338,656.94

Page 2 ends

Page 17 of 48 ends

CITY OF IMPERIAL BEACH

TREASURER'S REPORT
Cash and Investments
As of June 30, 2024
ATTACHMENT 1
Description Cost Value  Market Value
Interest/Yield
to Maturity Maturity Date
% of
Portfolio
Cash and Cash Equivalents
Chase Bank (statement balance) $1,497,632.40 $1,497,632.40 0.000% n/a 3.65% LAIF 15,338,656.94                  15,282,149.97 4.480% n/a 37.36% Investments
Chandler Investments
Asset‐Backed Securities 1,343,228.77                      1,336,853.29 5.130% See Attached 3.27% Federal Agencies 4,987,217.00                      4,981,877.38 4.710% See Attached 12.15% Collater. Mortgage Obligation 1,750,465.76                      1,747,467.33 5.070% See Attached 4.26% Cash/ Receivable 7,983.63                                      7,983.63 0.000% See Attached 0.02% Commercial Paper                              ‐ ‐                              0.000% See Attached 0.00% US Corporate 5,282,863.35                      5,271,001.98 5.170% See Attached 12.87% Money Market Funds 130,102.05                            130,102.05 4.920% See Attached 0.32% Negotiable CDs                              ‐ ‐                              0.000% See Attached 0.00% Supranational 912,910.90                            909,896.43 4.900% See Attached 2.22% US Treasury           8,772,225.93           8,797,129.09 4.940% See Attached 21.37% Total Cash and Investments $40,023,286.73 39,962,093.55 $      4.960% PARS Section 115 Trust Fund
Pension
Portfolio Balance 728,131.08 $            $           862,244.39 0.000% n/a 1.77% OPEB
Portfolio Balance 300,000.00 $            $           356,956.50 0.000% n/a 0.73% $        1,028,131.08 $        1,219,200.89
Bond Reserves
2020 Tax Allocation Revenue Bonds
Cash Management 2,093.04                                      2,093.04 0.000% n/a 0.01% 2022 Tax Allocation Revenue Bonds
Cash Management                              ‐ ‐                              0.000% n/a 0.00% Total Bond Reserves $                2,093.04 $                2,093.04 Total Investment Portfolio    $     41,053,510.85 $     41,183,387.48 100.00% 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.

Page 3 ends

Page 18 of 48 ends

MONTHLY ACCOUNT STATEMENT
City of Imperial Beach | Account | As of June 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

US Bank
ATTACHMENT 2

Page 19 of 48 ends

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/13)
City of Imperial Beach 0.54% 0.99% 1.55% 5.07% 3.21% 1.03% 1.53% 1.45% 1.41% Benchmark Return* 0.58% 0.94% 1.24% 4.53% 2.30% 0.40% 1.06% 1.13% 1.09% Secondary Benchmark Return* 0.56% 0.96% 1.35% 4.75% 2.51% 0.52% 1.19% 1.28% 1.25% Average Modified Duration 1.82
Average Coupon 3.12%
Average Purchase YTM 4.07%
Average Market YTM 4.96%
Average Quality AA
Average Final Maturity 2.07
Average Life 1.97
Beg. Values as of
06/01/2024
End Values as of
06/30/2024
Market Value 23,063,993.85 23,182,311.19
Accrued Interest 149,211.06 154,597.97
Total Market Value 23,213,204.91 23,336,909.16
Income Earned 75,947.54 69,473.27
Cont/WD 0.00 0.00
Par 23,585,100.49 23,630,604.21
Book Value 23,293,056.58 23,360,363.10
Cost Value 23,127,853.85 23,186,997.39
United States 37.95%
Federal Home Loan Banks 15.78%
FHLMC 7.54%
Farm Credit System 4.69%
Royal Bank of Canada 1.56%
Inter-American Development Bank 1.47%
International Finance Corporation 1.41%
State Street Corporation 1.29%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-3 Year US Treasury Index Secondary Benchmark: ICE BofA 1-3 Year AAA-A US Corporate & Government Index *See Footnote
The credit quality is a weighted average calculation of the highest of S&P, Moody’s’ and Fitch

Page 20 of 48 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 7.5 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.7 Compliant
Max % Issuer (MV) 5.0 1.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 22.8 Compliant
Max % Issuer (MV) 5.0 1.6 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant

Page 21 of 48 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years)5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 21.5 Compliant
Max % Issuer (MV) 100.0 15.8 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years)54 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.6 Compliant Max % Issuer (MV) 20.0 0.6 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.6 Compliant Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A-1 or A- by 1) 0.0 0.0 Compliant

Page 22 of 48 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

REPURCHASE AGREEMENTS
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 3.9 Compliant
Max % Issuer (MV) 10.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.9 Compliant
Max % Issuer (MV) 100.0 37.9 Compliant
Max Maturity (Years) 5 4 Compliant

Page 23 of 48 ends

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 23,293,056.58 22,661,358.14
Maturities/Calls (505,000.00) (11,235,000.00)
Principal Paydowns (36,011.28) (587,536.90)
Purchases 1,735,657.47 21,035,937.07
Sales (1,150,867.83) (8,910,846.94)
Change in Cash, Payables, Receivables 7,258.91 157,435.09 Amortization/Accretion 18,276.51 248,185.87
Realized Gain (Loss) (2,007.26) (9,169.23)
Ending Book Value 23,360,363.10 23,360,363.10
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 23,063,993.85 22,165,020.48
Maturities/Calls (505,000.00) (11,235,000.00)
Principal Paydowns (36,011.28) (587,536.90)
Purchases 1,735,657.47 21,035,937.07
Sales (1,150,867.83) (8,910,846.94)
Change in Cash, Payables, Receivables 7,258.91 157,435.09 Amortization/Accretion 18,276.51 248,185.87
Change in Net Unrealized Gain (Loss) 51,010.82 318,285.76 Realized Gain (Loss) (2,007.26) (9,169.23)
Ending Market Value 23,182,311.19 23,182,311.19
Maturities / Calls
Month to Date (505,000.00)
Fiscal Year to Date (11,235,000.00)
Principal Paydowns
Month to Date (36,011.28)
Fiscal Year to Date (587,536.90)
Purchases
Month to Date 1,735,657.47
Fiscal Year to Date 21,035,937.07
Sales
Month to Date (1,150,867.83)
Fiscal Year to Date (8,910,846.94)
Interest Received
Month to Date 49,568.09
Fiscal Year to Date 508,985.92
Purchased / Sold Interest
Month to Date (3,758.24)
Fiscal Year to Date (32,586.22)

Page 24 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 4,034.22 03/02/2021

0.37%
4,033.45
4,034.05

99.37 4.93%
4,008.84

0.65 0.02%
(25.21)
Aaa/NA
AAA

1.21 0.14
89190GAC1 TAOT 2021-B A3 0.26
11/17/2025 29,300.20 06/08/20210.27%
29,297.04
29,299.43

98.99 4.29%
29,004.44

3.39 0.13%
(294.98)
NA/AAA
AAA

1.38 0.27
43815EAC8 HAROT 2021-3 A3 0.41
11/18/2025 19,811.61 08/17/20210.33%
19,811.32
19,811.56

98.51 4.36%
19,517.18

2.93 0.08%
(294.38)
NA/AAA
AAA

1.39 0.38
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 22,020.03 02/07/20235.43%
22,019.51
22,019.76

99.81 5.69%
21,978.95

18.94 0.09%
(40.81)
Aaa/AAA
NA

1.41 0.42
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 15,983.02 11/16/20210.89%
15,979.65
15,981.88

97.97 4.64%
15,657.81

3.91 0.07%
(324.07)
Aaa/NA
AAA

1.56 0.55
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 14,702.74 07/13/20210.52%
14,701.43
14,702.45

98.07 4.81%
14,419.60

3.40 0.06%
(282.85)
Aaa/NA
AAA

1.71 0.45
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026 16,652.31 11/09/20210.95%
16,651.96
16,652.22

98.00 4.44%
16,319.09

5.25 0.07%
(333.13)
NA/AAA
AAA

1.79 0.57
44935FAD6 HART 2021-C A3 0.74
05/15/2026 11,340.31 11/09/20210.75%
11,337.78
11,339.40

98.36 4.11%
11,154.34

3.73 0.05%
(185.06)
NA/AAA
AAA

1.87 0.49
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 27,999.78 05/10/20223.63%
27,998.33
27,999.20

98.66 4.97%
27,625.40

14.98 0.12%
(373.80)
Aaa/AAA
NA

2.15 0.78
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 27,763.53 03/10/2022

2.34%
27,757.39
27,760.71

98.03 5.46%
27,217.39

28.63 0.12%
(543.32)
Aaa/NA
AAA

2.21 0.64
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 13,418.01 10/13/20210.68%
13,417.67
13,417.91

97.67 4.17%
13,105.70

3.80 0.06%
(312.21)
Aaa/AAA
NA

2.21 0.69
448977AD0 HART 2022-A A3 2.22
10/15/2026 56,568.88 03/09/20222.23%
56,566.70
56,568.06

98.19 4.60%
55,543.55

55.81 0.24%
(1,024.51)
NA/AAA
AAA

2.29 0.78
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 13,395.38 01/11/20221.24%
13,394.21
13,394.97

97.78 4.27%
13,098.63

7.03 0.06%
(296.34)
NA/AAA
AAA

2.38 0.76
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 29,994.83 04/05/20223.16%
29,988.56
29,992.15

98.42 4.81%
29,520.95

38.74 0.13%
(471.20)
Aaa/AAA
NA

2.63 0.97
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 45,000.00 02/16/20235.09%
44,991.64
44,994.36

99.58 5.40%
44,811.96

63.00 0.19%
(182.40)
Aaa/NA
AAA

2.81 1.44
02582JJT8 AMXCA 2022-2 A 05/17/2027 110,000.00 05/17/2022

3.42%
109,975.67
109,989.73

98.21 5.54%
108,031.00
165.73

0.47%
(1,958.73)
NA/AAA
AAA

0.87 0.92
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 85,000.00 02/15/20235.03%
85,438.28
85,270.49

99.81 5.43%
84,836.60
196.82

0.37%
(433.89)
Aaa/AAA
NA

3.13 1.28

Page 25 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 70,000.00 02/22/2023

3.39%
69,987.25
69,990.86

99.54 5.38%
69,680.75
155.87

0.30%
(310.11)
Aaa/NA
AAA

3.38 1.52
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 60,000.00 05/17/20245.73%
59,992.98
59,993.19
100.29

5.25%
60,171.80
141.87

0.26%
178.62
Aaa/NA
AAA

3.55 2.00
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028 65,000.00 04/04/20234.51%
64,998.21
64,998.66

98.90 5.10%
64,282.72
121.06

0.28%
(715.94)
Aaa/AAA
NA

3.63 1.96
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 75,000.00 11/01/20235.74%
74,986.79
74,988.64
100.88

5.37%
75,661.25
118.13

0.33%
672.61
Aaa/NA
AAA

3.98 2.28
89239FAD4 TAOT 2023-D A3 5.54
08/15/2028 60,000.00 11/07/2023

6.30%
59,993.53
59,994.39
100.71

5.32%
60,428.57
147.73

0.26%
434.19
NA/AAA
AAA

4.13 2.51
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 245,000.00 09/07/2023

5.17%
244,932.09
244,942.87
100.26

5.11%
245,625.44
561.87

1.06%
682.57
NR/AAA
AAA

4.21 2.03
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 105,000.00 06/04/20245.18%
104,984.05
104,984.24
100.10

5.21%
105,103.73
302.17

0.45%
119.49
Aaa/AAA
NA

4.66 2.10
05522RDJ4 BACCT 2024-1 A 4.93
03/15/2029 120,000.00 06/06/20244.93%
119,993.27
119,993.34
100.04

4.99%
120,047.59
295.80

0.52%

54.25 Aaa/AAA
NA

4.71 2.61
Total ABS 1,342,984.86 4.27%
1,343,228.77
1,343,114.50

99.55 5.13%
1,336,853.29
2,461.23

5.77%
(6,261.21)
Aaa/AAA
AAA

3.29 1.62
AGENCY
3130ATUR6 FEDERAL HOME LOAN BANKS

4.625 12/13/2024 250,000.00 02/01/2023

4.42%
250,872.50
250,211.71

99.64 5.43%
249,092.31
578.13

1.07%
(1,119.40)
Aaa/AA+
AA+

0.45 0.44
3130AQF40 FEDERAL HOME LOAN BANKS 1.0
12/20/2024 175,000.00 12/21/20211.03%
174,846.00
174,975.79

97.97 5.40%
171,450.37

53.47 0.74%
(3,525.42)
Aaa/AA+
AA+

0.47 0.46
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
90,000.00 01/06/2022

1.20%
89,797.50
89,964.92

97.88 5.35%
88,087.59
492.19

0.38%
(1,877.33)
Aaa/AA+
AA+

0.52 0.50
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 250,000.00 03/07/20221.76% 238,280.00
246,111.85

94.81 5.07%
237,025.80
328.13

1.02%
(9,086.05)
Aaa/AA+
AA+

1.15 1.12
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 350,000.00 01/26/20234.00%
354,683.00
352,366.10

99.42 4.92%
347,970.53
831.25

1.50%
(4,395.58)
Aaa/AA+
AA+

1.45 1.38
3130AUU36 FEDERAL HOME LOAN BANKS

4.125 03/13/2026 250,000.00 03/14/20234.30%
248,767.50
249,301.51

98.83 4.84%
247,076.95
3,093.75

1.07%
(2,224.56)
Aaa/AA+
AA+

1.70 1.60
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 250,000.00 08/09/20234.58%
249,425.00
249,593.93

99.49 4.76%
248,714.73
4,281.25

1.07%
(879.21)
Aaa/AA+
AA+

2.12 1.97

Page 26 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 1,000,000.00 09/13/20234.81%
994,820.00
996,199.12

99.78 4.73%
997,817.60
14,131.94

4.30%
1,618.48
Aaa/AA+
AA+

2.20 2.04
3130AXQL5 FEDERAL HOME LOAN BANKS

4.875 12/11/2026 250,000.00 12/27/20234.04%
255,720.00
254,733.98
100.42

4.69%
251,053.07
677.08

1.08%
(3,680.91)
Aaa/AA+
AA+

2.45 2.28
3130B1EF0 FEDERAL HOME LOAN BANKS

4.625 06/11/2027 500,000.00 06/26/20244.57%
500,765.00
500,762.16
100.12

4.58%
500,576.38
3,019.10

2.16%
(185.78)
Aaa/AA+
AA+

2.95 2.71
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 400,000.00 07/06/20234.49%
391,388.00
393,099.85

98.67 4.37%
394,678.11
977.78

1.70%
1,578.26
Aaa/AA+
AA+

3.94 3.60
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 500,000.00 09/07/20234.49%
497,450.00
497,864.53

99.66 4.46%
498,320.06
6,866.32

2.15%
455.52
Aaa/AA+
AA+

4.19 3.74
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 250,000.00 10/12/20234.71%
247,682.50
248,015.41
100.16

4.46%
250,397.61
3,093.75

1.08%
2,382.20
Aaa/AA+
AA+

4.23 3.77
3133ERAK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
04/10/2029
500,000.00 04/22/2024

4.71%
492,720.00
492,997.07

99.92 4.39%
499,616.30
4,921.88

2.16%
6,619.23
Aaa/AA+
AA+

4.78 4.23
Total Agency 5,015,000.00 4.22%
4,987,217.00
4,996,197.92

99.35 4.71%
4,981,877.38
43,346.01

21.49%
(14,320.54)
Aaa/AA+
AA+

2.68 2.44

AGENCY CMBS
3137BKRJ1 FHMS K-047 A2 3.329
05/25/2025 99,533.68 05/19/20223.04%
100,109.11
99,696.71

98.19 5.44%
97,732.79
276.12

0.42%
(1,963.91)
Aaa/AA+
AAA

0.90 0.76
3137BMTX4 FHMS K-052 A2 3.151
11/25/2025 250,000.00 02/10/20234.54%
241,220.70
245,672.43

97.32 5.29%
243,301.95
656.46

1.05%
(2,370.48)
Aaa/AA+
AAA

1.41 1.18
3137BNGT5 FHMS K-054 A2 2.745
01/25/2026 250,000.00 02/15/20234.64%
237,392.58
243,376.58

96.46 5.22%
241,146.40
571.88

1.04%
(2,230.18)
Aaa/AA+
AAA

1.57 1.38
3137BQYS0 FHMS K-056 A2 2.525
05/25/2026 250,000.00 02/08/20234.30%
236,826.17
242,486.54

95.56 5.12%
238,893.18
526.04

1.03%
(3,593.36)
Aaa/AA+
AAA

1.90 1.68
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 250,000.00 01/31/20234.11%
237,910.16
242,784.02

95.24 4.99%
238,109.15
552.71

1.03%
(4,674.87)
Aaa/AA+
AAA

2.15 2.00
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 250,000.00 02/08/2023

4.21%
242,861.33
245,398.63

96.36 4.98%
240,896.08
714.58

1.04%
(4,502.55)
Aaa/AA+
AAA

2.57 2.27
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027 250,000.00 05/12/20233.98%
242,705.08
244,655.77

95.27 4.87%
238,162.75
675.83

1.03%
(6,493.02)
Aaa/AA+
AA+

3.15 2.86
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 220,000.00 05/24/2023

4.27%
211,440.63
213,472.01

95.10 4.87%
209,225.04
614.17

0.90%
(4,246.98)
Aaa/AA+
AAA

3.57 3.18

Page 27 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency
CMBS 1,819,533.68 4.23%
1,750,465.76
1,777,542.69

96.05 5.07%
1,747,467.33
4,587.79

7.54%
(30,075.36)
Aaa/AA+
AAA

2.23 1.98
CASH
CCYUSD Receivable 7,983.63 --

0.00%
7,983.63
7,983.63

1.00 0.00%
7,983.63

0.00 0.03%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 7,983.63 0.00%
7,983.63
7,983.63

1.00 0.00%
7,983.63

0.00 0.03%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
06367TQW3 BANK OF MONTREAL 0.625
07/09/2024 150,000.00 09/10/20210.65%
149,878.50
149,999.06

99.88 5.24%
149,826.50
447.92

0.65%
(172.56)
A2/AAA0.02

0.02 79466LAG9 SALESFORCE INC 0.625
07/15/2024 25,000.00 06/29/20210.64%
24,987.25
24,999.84

99.81 5.23%
24,951.97

72.05 0.11%
(47.87)
A1/A+
NA

0.04 0.04
91159HHX1 US BANCORP 2.4 07/30/2024 150,000.00 11/09/2021

0.81%
156,232.50
150,000.00

99.72 5.69%
149,583.53
1,510.00

0.65%
(416.47)
A3/A
A

0.08 0.08
78015K7C2 ROYAL BANK OF CANADA 2.25
11/01/2024 150,000.00 08/19/20210.77%
156,999.00
150,738.32

98.87 5.65%
148,307.26
562.50

0.64%
(2,431.05)
A1/A
AA0.340.33
63743HFC1

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

1.875 02/07/2025
125,000.00 03/18/2022

2.75%
121,962.50
124,362.50

97.80 5.64%
122,246.32
937.50

0.53%
(2,116.19)
A2/AA0.61

0.58 69371RR73 PACCAR FINANCIAL CORP 2.85
04/07/2025 70,000.00 03/31/20222.86%
69,981.80
69,995.35

98.01 5.52%
68,606.52
465.50

0.30%
(1,388.83)
A1/A+
NA

0.77 0.74
87612EBL9 TARGET CORP 2.25 04/15/2025 150,000.00 02/17/2022

2.08%
150,739.50
150,170.14

97.57 5.43%
146,350.82
712.50

0.63%
(3,819.33)
A2/A
A

0.79 0.77
06406RBC0 BANK OF NEW YORK MELLON
CORP 3.35 04/25/2025 110,000.00 04/19/20223.35%
109,984.60
109,995.81

98.31 5.48%
108,144.71
675.58

0.47%
(1,851.10)
A1/A
AA0.820.79
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025 150,000.00 03/09/20222.30%
145,542.00
148,732.23

96.43 5.38%
144,648.81
168.75

0.62%
(4,083.43)
A2/A
A

0.92 0.89
594918BJ2 MICROSOFT CORP 3.125
11/03/2025 250,000.00 01/27/20234.27%
242,652.50
246,424.75

97.52 5.06%
243,801.13
1,258.68

1.05%
(2,623.63)
Aaa/AAA
WR

1.34 1.29
92826CAD4 VISA INC 3.15 12/14/2025 200,000.00 02/09/2023

4.50%
192,858.00
196,335.84

97.25 5.13%
194,505.71
297.50

0.84%
(1,830.13)
Aa3/AANA1.46

1.40 857477BR3 STATE STREET CORP 1.746
02/06/2026 40,000.00 02/02/20221.75%
40,000.00
40,000.00

97.57 5.84%
39,029.34
281.30

0.17%
(970.66)
A1/A
AA1.610.58

Page 28 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FQ6 PEPSICO INC 4.55 02/13/2026 45,000.00 02/13/2023

4.57%
44,973.90
44,985.88

99.33 4.99%
44,696.61
784.88

0.19%
(289.26)
A1/A+
NA

1.62 1.52
907818GE2 UNION PACIFIC CORP 4.75
02/21/2026 200,000.00 02/14/20234.82%
199,586.00
199,773.36

99.24 5.24%
198,472.06
3,430.56

0.86%
(1,301.29)
A3/AA1.65

1.53 037833BY5 APPLE INC 3.25 02/23/2026 250,000.00 02/01/2023

4.27%
242,755.00
246,091.85

97.20 5.04%
242,990.93
2,888.89

1.05%
(3,100.92)
Aaa/AA+
NA

1.65 1.56
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 200,000.00 03/09/20235.09%
190,024.00
194,164.00

96.76 5.21%
193,528.75
1,079.44

0.83%
(635.24)
A3/A
A

1.84 1.75
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 150,000.00 01/11/20234.55%
133,867.50
140,761.18

92.61 5.12%
138,911.33

60.94 0.60%
(1,849.85)
A1/A+
A+

1.97 1.90
74340XBU4 PROLOGIS LP 3.25 06/30/2026 200,000.00 01/27/2023

4.42%
192,662.00
195,706.74

96.39 5.17%
192,780.95

18.06 0.83%
(2,925.79)
A3/A
NA

2.00 1.90
857477CD3 STATE STREET CORP 5.272
08/03/2026 100,000.00 07/31/20235.27%
100,000.00
100,000.00
100.19

5.17%
100,190.53
2,167.38

0.43%
190.53
A1/A
AA2.091.84
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 215,000.00 08/03/20235.07%
214,892.50
214,924.48

99.90 5.10%
214,779.63
4,252.52

0.93%
(144.84)
A1/A+
NA

2.11 1.94
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 250,000.00 09/12/20235.54%
249,922.50
249,943.60
100.71

5.17%
251,775.07
5,103.88

1.09%
1,831.47
Aa1/A+
AA

2.13 1.88
437076CV2 HOME DEPOT INC 4.95
09/30/2026 80,000.00 11/27/20235.04%
79,824.80
79,860.49

99.86 5.01%
79,888.56
1,001.00

0.34%

28.07 A2/A
A

2.25 2.08
61690U7W4 MORGAN STANLEY BANK NA

5.882 10/30/2026 250,000.00 10/31/20235.87%
250,077.50
250,060.08
101.23

5.31%
253,083.64
2,491.68

1.09%
3,023.55
Aa3/A+
AA2.332.07
713448FW3 PEPSICO INC 5.125 11/10/2026 90,000.00 11/08/2023

5.13%
89,975.70
89,980.89
100.44

4.92%
90,395.45
653.44

0.39%
414.57
A1/A+
NA

2.36 2.11
89115A2V3 TORONTO-DOMINION BANK

5.264 12/11/2026 115,000.00 12/04/20235.26%
115,000.00
115,000.00

99.97 5.28%
114,960.31
336.31

0.50%
(39.69)
A1/A
AA2.452.26
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 250,000.00 01/18/20244.52%
249,852.50
249,874.33

99.00 4.92%
247,511.68
5,406.25

1.07%
(2,362.65)
A1/A
A+

2.53 2.30
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 215,000.00 01/10/20244.88%
214,946.25
214,954.29

99.34 5.15%
213,574.77
4,716.56

0.92%
(1,379.52)
A1/A
AA2.562.32
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 250,000.00 03/01/20244.78%
250,167.50
250,148.80

99.73 4.91%
249,323.95
4,166.67

1.08%
(824.85)
A1/AANA2.66

2.43 857477CL5 STATE STREET CORP 4.993
03/18/2027 160,000.00 03/13/20244.99%
160,000.00
160,000.00

99.88 5.04%
159,806.51
2,285.68

0.69%
(193.49)
A1/A
AA2.712.48
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 150,000.00 10/13/20225.00%
143,916.00
146,188.82

97.61 4.90%
146,421.03
850.00

0.63%
232.21
A2/A+
A+

2.86 2.65

Page 29 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
14913UAL4 CATERPILLAR FINANCIAL
SERVICES CORP 5.0 05/14/2027 250,000.00 05/17/20244.93% 250,490.00
250,471.53
100.06

4.97%
250,154.30
1,631.94

1.08%
(317.24)
A2/A
A+

2.87 2.63
437076DB5 HOME DEPOT INC 4.875
06/25/2027 200,000.00 --4.94%
199,626.55
199,628.60

99.80 4.95%
199,592.48
162.50

0.86%
(36.12)
A2/A
A

2.99 2.75
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 150,000.00 06/20/20244.89%
148,485.00
148,497.77

98.77 4.96%
148,160.84
1,914.79

0.64%
(336.93)
A1/A+
A+

3.22 2.92
Total Corporate 5,340,000.00 4.24%
5,282,863.35
5,302,770.53

98.74 5.17%
5,271,001.98
52,793.14

22.74%
(31,768.55)
A1/A+
A+

1.89 1.74

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 130,102.05 --

4.92%
130,102.05
130,102.05

1.00 4.92%
130,102.05

0.00 0.56%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 130,102.05 4.92%
130,102.05
130,102.05

1.00 4.92%
130,102.05

0.00 0.56%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
195,000.00 09/15/2021

0.52%
194,855.70
194,988.94

98.88 5.40%
192,819.13
265.42

0.83%
(2,169.81)
Aaa/AAA
NA

0.23 0.23
45950KCR9 INTERNATIONAL FINANCE CORP

1.375 10/16/2024 100,000.00 07/29/20210.47%
102,898.00
100,264.80

98.83 5.41%
98,826.01
286.46

0.43%
(1,438.79)
Aaa/AAA
NA

0.30 0.29
4581X0EK0

INTER-AMERICAN
DEVELOPMENT BANK 4.5
05/15/2026
150,000.00 06/27/2023

4.53%
149,884.50
149,924.44

99.34 4.87%
149,003.05
862.50

0.64%
(921.39)
Aaa/AAA
NA

1.87 1.77
45950KDF4 INTERNATIONAL FINANCE CORP

4.375 01/15/2027 230,000.00 11/29/20234.49%
229,250.20
229,387.49

99.29 4.68%
228,363.01
4,639.93

0.99%
(1,024.48)
Aaa/AAA
NA

2.54 2.33
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
250,000.00 09/28/2023

4.82%
236,022.50
238,209.24

96.35 4.50%
240,885.24
4,107.64

1.04%
2,676.00
Aaa/AAA
NA

4.03 3.65
Total
Supranational 925,000.00 3.31%
912,910.90
912,774.91

98.38 4.90%
909,896.43
10,161.94

3.92%
(2,878.47)
Aaa/AAA
NA

2.09 1.92

US TREASURY

Page 30 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CCT6 UNITED STATES TREASURY 0.375
08/15/2024 1,000,000.00 12/08/20235.23%
967,968.75
994,187.88

99.38 5.30%
993,808.59
1,411.40

4.29%
(379.29)
Aaa/AA+
AA+

0.13 0.13
912797GW1 UNITED STATES TREASURY
10/03/2024 1,000,000.00 10/31/20235.44%
951,720.07
986,533.19

98.65 5.28%
986,487.50

0.00 4.26%
(45.69)
P-1/A-1+
F1+

0.26 0.26
91282CDB4 UNITED STATES TREASURY 0.625
10/15/2024 250,000.00 10/14/20210.63%
249,980.47
249,998.11

98.63 5.37%
246,582.03
328.72

1.06%
(3,416.08)
Aaa/AA+
AA+

0.29 0.29
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 200,000.00 02/16/20210.38%
207,843.75
201,162.44

97.76 5.31%
195,519.53
1,148.35

0.84%
(5,642.91)
Aaa/AA+
AA+

0.59 0.57
912828ZC7 UNITED STATES TREASURY 1.125
02/28/2025 250,000.00 02/09/20221.59%
246,533.20
249,246.89

97.33 5.24%
243,317.87
940.05

1.05%
(5,929.02)
Aaa/AA+
AA+

0.67 0.65
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025 250,000.00 03/17/20210.63%
248,671.88
249,754.02

96.57 5.21%
241,428.22
314.21

1.04%
(8,325.79)
Aaa/AA+
AA+

0.75 0.73
91282CEH0 UNITED STATES TREASURY 2.625
04/15/2025 1,000,000.00 04/12/20245.12%
975,937.50
981,013.70

98.03 5.19%
980,263.67
5,522.54

4.23%
(750.03)
Aaa/AA+
AA+

0.79 0.77
912828ZL7 UNITED STATES TREASURY 0.375
04/30/2025 250,000.00 03/30/20210.66%
247,138.67
249,418.52

96.12 5.19%
240,295.41
157.95

1.04%
(9,123.11)
Aaa/AA+
AA+

0.83 0.81
912828ZT0 UNITED STATES TREASURY 0.25
05/31/2025 250,000.00 10/14/20210.78%
245,244.14
248,800.26

95.62 5.19%
239,055.18

52.94 1.03%
(9,745.08)
Aaa/AA+
AA+

0.92 0.89
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 250,000.00 12/02/20211.05%
242,753.91
247,857.63

94.96 5.08%
237,412.11
260.99

1.02%
(10,445.52)
Aaa/AA+
AA+

1.08 1.06
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 250,000.00 05/05/20222.99%
250,097.66
250,035.83

97.56 5.03%
243,906.25
1,885.25

1.05%
(6,129.58)
Aaa/AA+
AA+

1.25 1.20
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 250,000.00 06/09/20223.05%
249,580.08
249,834.55

97.47 4.98%
243,681.64
1,263.59

1.05%
(6,152.91)
Aaa/AA+
AA+

1.34 1.28
9128286S4 UNITED STATES TREASURY 2.375
04/30/2026 350,000.00 01/27/20233.84%
334,496.09
341,267.61

95.81 4.79%
335,343.75
1,400.48

1.45%
(5,923.86)
Aaa/AA+
AA+

1.83 1.76
9128282A7 UNITED STATES TREASURY 1.5
08/15/2026 350,000.00 01/27/20233.83%
323,175.78
333,922.06

93.58 4.71%
327,523.44
1,975.96

1.41%
(6,398.63)
Aaa/AA+
AA+

2.13 2.04
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 250,000.00 01/27/20233.79%
234,355.47
240,206.64

94.10 4.65%
235,253.91
638.59

1.01%
(4,952.73)
Aaa/AA+
AA+

2.38 2.27
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 250,000.00 10/21/20224.40%
231,025.39
238,237.62

94.79 4.54%
236,962.89
1,571.04

1.02%
(1,274.73)
Aaa/AA+
AA+

2.75 2.60
91282CKJ9 UNITED STATES TREASURY 4.5
04/15/2027 250,000.00 05/21/20244.60%
249,287.11
249,314.06

99.85 4.55%
249,628.91
2,366.80

1.08%
314.84
Aaa/AA+
AA+

2.79 2.57
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 250,000.00 10/13/20224.26%
239,277.34
243,163.99

96.49 4.51%
241,220.70

22.08 1.04%
(1,943.29)
Aaa/AA+
AA+

3.00 2.82

Page 31 of 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 250,000.00 01/20/20233.59%
245,068.36
246,608.58

95.94 4.51%
239,843.75
2,611.24

1.03%
(6,764.83)
Aaa/AA+
AA+

3.17 2.94
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/11/20234.70%
979,570.31
983,278.39

98.87 4.50%
988,671.88
10,368.85

4.26%
5,393.49
Aaa/AA+
AA+

3.25 2.98
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 500,000.00 02/09/20244.17%
473,593.75
475,839.73

94.22 4.42%
471,093.75
5,410.37

2.03%
(4,745.98)
Aaa/AA+
AA+

4.13 3.79
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 400,000.00 03/18/20244.39%
378,906.25
380,195.17

94.96 4.40%
379,828.12
1,596.47

1.64%
(367.05)
Aaa/AA+
AA+

4.38 4.01
Total US Treasury 9,050,000.00 3.89%
8,772,225.93
8,889,876.87

97.24 4.94%
8,797,129.09
41,247.86

37.95%
(92,747.78)
Aaa/AA+
AA+

1.65 1.55
Total Portfolio 23,630,604.21 4.07%
23,186,997.39
23,360,363.10

97.55 4.96%
23,182,311.19
154,597.97
100.00%
(178,051.91)
Aa2/AA
AA

2.07 1.82
Total Market
Value + Accrued 23,336,909.16

Page 32 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/03/2024 31846V203 131,548.10 FIRST AMER:GVT OBLG Y 1.000 4.93% (131,548.10) 0.00 (131,548.10) 0.00 Purchase 06/04/2024 31846V203 724.72 FIRST AMER:GVT OBLG Y 1.000 4.92% (724.72) 0.00 (724.72) 0.00 Purchase 06/10/2024 31846V203 8,000.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (8,000.00) 0.00 (8,000.00) 0.00 Purchase 06/11/2024 096919AD7 105,000.00 BMWOT 2024-A A3 5.18 02/26/2029 99.985 5.18% (104,984.05) 0.00 (104,984.05) 0.00 Purchase 06/12/2024 31846V203 1,656.25 FIRST AMER:GVT OBLG Y 1.000 4.92% (1,656.25) 0.00 (1,656.25) 0.00 Purchase 06/12/2024 31846V203 132,875.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (132,875.00) 0.00 (132,875.00) 0.00 Purchase 06/13/2024 05522RDJ4 120,000.00 BACCT 2024-1 A 4.93 03/15/2029 99.994 4.93% (119,993.27) 0.00 (119,993.27) 0.00 Purchase 06/14/2024 31846V203 3,150.00 FIRST AMER:GVT OBLG Y 1.000 4.91% (3,150.00) 0.00 (3,150.00) 0.00 Purchase 06/17/2024 31846V203 263,850.66 FIRST AMER:GVT OBLG Y 1.000 4.91% (263,850.66) 0.00 (263,850.66) 0.00 Purchase 06/17/2024 31846V203 14,639.22 FIRST AMER:GVT OBLG Y 1.000 4.91% (14,639.22) 0.00 (14,639.22) 0.00 Purchase 06/18/2024 31846V203 3,356.44 FIRST AMER:GVT OBLG Y 1.000 4.92% (3,356.44) 0.00 (3,356.44) 0.00 Purchase 06/18/2024 31846V203 843.75 FIRST AMER:GVT OBLG Y 1.000 4.92% (843.75) 0.00 (843.75) 0.00 Purchase 06/20/2024 31846V203 875.00 FIRST AMER:GVT OBLG Y 1.000 4.92% (875.00) 0.00 (875.00) 0.00 Purchase 06/21/2024 89236TKJ3 150,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 98.990 4.89% (148,485.00) (1,725.21) (150,210.21) 0.00 Purchase 06/21/2024 31846V203 2,550.61 FIRST AMER:GVT OBLG Y 1.000 4.92% (2,550.61) 0.00 (2,550.61) 0.00 Purchase 06/25/2024 31846V203 7,211.56 FIRST AMER:GVT OBLG Y 1.000 4.92% (7,211.56) 0.00 (7,211.56) 0.00 Purchase 06/25/2024 437076DB5 145,000.00 HOME DEPOT INC 4.875 06/25/2027 99.868 4.92% (144,808.60) 0.00 (144,808.60) 0.00 Purchase 06/25/2024 437076DB5 55,000.00 HOME DEPOT INC 4.875 06/25/2027 99.669 5.00% (54,817.95) 0.00 (54,817.95) 0.00 Purchase 06/27/2024 3130B1EF0 500,000.00 FEDERAL HOME LOAN BANKS 4.625 06/11/2027 100.153 4.57% (500,765.00) (2,762.15) (503,527.15) 0.00 Purchase 06/27/2024 31846V203 90,522.29 FIRST AMER:GVT OBLG Y 1.000 4.93% (90,522.29) 0.00 (90,522.29) 0.00 Total Purchase 1,736,803.60 (1,735,657.47) (4,487.36) (1,740,144.83) 0.00 TOTAL
ACQUISITIONS 1,736,803.60 (1,735,657.47) (4,487.36) (1,740,144.83) 0.00

DISPOSITIONS

Page 33 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss Maturity 06/12/2024 89114QCA4 (125,000.00) TORONTO-DOMINION BANK 2.65 06/12/2024 100.000 2.65% 125,000.00 0.00 125,000.00 0.00 Maturity 06/15/2024 91282CCG4 (250,000.00) UNITED STATES TREASURY

0.25 06/15/2024 100.000 0.25% 250,000.00 0.00 250,000.00 0.00 Total Maturity (375,000.00) 375,000.00 0.00 375,000.00 0.00 Sale 06/10/2024 31846V203 (1,927.32) FIRST AMER:GVT OBLG Y 1.000 4.91% 1,927.32 0.00 1,927.32 0.00 Sale 06/11/2024 31846V203 (94,577.04) FIRST AMER:GVT OBLG Y 1.000 4.91% 94,577.04 0.00 94,577.04 0.00 Sale 06/13/2024 31846V203 (114,212.02) FIRST AMER:GVT OBLG Y 1.000 4.91% 114,212.02 0.00 114,212.02 0.00 Sale 06/21/2024 31846V203 (150,210.21) FIRST AMER:GVT OBLG Y 1.000 4.92% 150,210.21 0.00 150,210.21 0.00 Sale 06/25/2024 31846V203 (196,620.92) FIRST AMER:GVT OBLG Y 1.000 4.92% 196,620.92 0.00 196,620.92 0.00 Sale 06/27/2024 91282CCL3 (250,000.00) UNITED STATES TREASURY

0.375 07/15/2024 99.762 0.37% 249,404.30 (422.39) 249,826.69 (596.85) Sale 06/27/2024 91282CDH1 (350,000.00) UNITED STATES TREASURY

0.75 11/15/2024 98.262 4.39% 343,916.02 (306.73) 344,222.75 (1,410.41) Total Sale (1,157,547.51) 1,150,867.83 (729.12) 1,151,596.95 (2,007.26) TOTAL
DISPOSITIONS (1,532,547.51) 1,525,867.83 (729.12) 1,526,596.95 (2,007.26) OTHER
Call Redemption 06/01/2024 46647PCH7 (130,000.00) JPMORGAN CHASE & CO

0.824 06/01/2025 100.000 0.82% 130,000.00 0.00 130,000.00 0.00 Total Call
Redemption (130,000.00) 130,000.00 0.00 130,000.00 0.00 Coupon 06/01/2024 3137BKRJ1 0.00 FHMS K-047 A2 3.329
05/25/2025 2.89% 276.67 0.00 276.67 0.00
Coupon 06/01/2024 3137BMTX4 0.00 FHMS K-052 A2 3.151
11/25/2025 4.47% 656.46 0.00 656.46 0.00
Coupon 06/01/2024 3137BNGT5 0.00 FHMS K-054 A2 2.745
01/25/2026 4.56% 571.88 0.00 571.88 0.00
Coupon 06/01/2024 3137BQYS0 0.00 FHMS K-056 A2 2.525
05/25/2026 4.24% 526.04 0.00 526.04 0.00
Coupon 06/01/2024 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.03% 552.71 0.00 552.71 0.00

Page 34 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.17% 714.58 0.00 714.58 0.00
Coupon 06/01/2024 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 3.94% 675.83 0.00 675.83 0.00
Coupon 06/01/2024 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.24% 614.17 0.00 614.17 0.00
Coupon 06/01/2024 438516CB0 0.00

HONEYWELL
INTERNATIONAL INC 1.35
06/01/2025

2.30% 1,012.50 0.00 1,012.50 0.00
Coupon 06/01/2024 46647PCH7 0.00 JPMORGAN CHASE & CO

0.824 06/01/2025 0.16% 535.60 0.00 535.60 0.00
Coupon 06/09/2024 3130AWC24 0.00 FEDERAL HOME LOAN
BANKS 4.0 06/09/2028 4.49% 8,000.00 0.00 8,000.00 0.00
Coupon 06/11/2024 3130AXQL5 0.00 FEDERAL HOME LOAN
BANKS 4.875 12/11/2026 4.04% 7,380.21 0.00 7,380.21 0.00 Coupon 06/11/2024 89115A2V3 0.00 TORONTO-DOMINION
BANK 5.264 12/11/2026 5.26% 3,026.80 0.00 3,026.80 0.00 Coupon 06/12/2024 89114QCA4 0.00 TORONTO-DOMINION
BANK 2.65 06/12/2024 2.65% 1,656.25 0.00 1,656.25 0.00
Coupon 06/12/2024 3130ATUC9 0.00 FEDERAL HOME LOAN
BANKS 4.5 12/12/2025 4.00% 7,875.00 0.00 7,875.00 0.00
Coupon 06/13/2024 3130ATUR6 0.00 FEDERAL HOME LOAN
BANKS 4.625 12/13/2024 4.42% 5,781.25 0.00 5,781.25 0.00 Coupon 06/14/2024 92826CAD4 0.00 VISA INC 3.15 12/14/2025 4.50% 3,150.00 0.00 3,150.00 0.00 Coupon 06/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36
09/15/2025 0.38% 1.55 0.00 1.55 0.00
Coupon 06/15/2024 91282CCG4 0.00 UNITED STATES TREASURY

0.25 06/15/2024 0.25% 312.50 0.00 312.50 0.00
Coupon 06/15/2024 89190GAC1 0.00 TAOT 2021-B A3 0.26
11/17/2025 0.27% 7.85 0.00 7.85 0.00
Coupon 06/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 7.24 0.00 7.24 0.00
Coupon 06/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 10.94 0.00 10.94 0.00

Page 35 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.76% 7.91 0.00 7.91 0.00
Coupon 06/15/2024 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.23% 114.09 0.00 114.09 0.00
Coupon 06/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.35% 57.31 0.00 57.31 0.00
Coupon 06/15/2024 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 4.93% 369.04 0.00 369.04 0.00
Coupon 06/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.07% 292.25 0.00 292.25 0.00
Coupon 06/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,053.50 0.00 1,053.50 0.00
Coupon 06/15/2024 89239FAD4 0.00 TAOT 2023-D A3 5.54
08/15/2028 5.62% 277.00 0.00 277.00 0.00
Coupon 06/15/2024 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.39% 195.07 0.00 195.07 0.00
Coupon 06/15/2024 02582JJT8 0.00 AMXCA 2022-2 A
05/17/2027 3.42% 310.75 0.00 310.75 0.00
Coupon 06/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 8.37 0.00 8.37 0.00
Coupon 06/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.27% 15.40 0.00 15.40 0.00
Coupon 06/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 82.95 0.00 82.95 0.00
Coupon 06/16/2024 362583AD8 0.00 GMCAR 2023-2 A3 4.47
02/16/2028 4.51% 242.13 0.00 242.13 0.00
Coupon 06/18/2024 89236TJK2 0.00 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026 4.55% 843.75 0.00 843.75 0.00
Coupon 06/18/2024 43815EAC8 0.00 HAROT 2021-3 A3 0.41
11/18/2025 0.41% 7.91 0.00 7.91 0.00
Coupon 06/20/2024 3130AQF40 0.00 FEDERAL HOME LOAN
BANKS 1.0 12/20/2024 1.03% 875.00 0.00 875.00 0.00
Coupon 06/21/2024 43813GAC5 0.00 HAROT 2021-1 A3 0.27
04/21/2025 0.00% 0.03 0.00 0.03 0.00

Page 36 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90% 13.09 0.00 13.09 0.00
Coupon 06/21/2024 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.10% 189.00 0.00 189.00 0.00
Coupon 06/21/2024 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.75% 354.38 0.00 354.38 0.00
Coupon 06/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24% 81.76 0.00 81.76 0.00
Coupon 06/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.22% 106.65 0.00 106.65 0.00
Coupon 06/30/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 4.26% 4,062.50 0.00 4,062.50 0.00
Coupon 06/30/2024 74340XBU4 0.00 PROLOGIS LP 3.25
06/30/2026 4.42% 3,250.00 0.00 3,250.00 0.00
Total Coupon 0.00 56,155.87 0.00 56,155.87 0.00
Custody Fee 06/25/2024 CCYUSD (104.17) Cash 0.00% (104.17) 0.00 (104.17) 0.00 Total Custody
Fee (104.17) (104.17) 0.00 (104.17) 0.00
Dividend 06/30/2024 31846V203 0.00 FIRST AMER:GVT OBLG Y 4.92% 671.13 0.00 671.13 0.00 Total Dividend 0.00 671.13 0.00 671.13 0.00
Management
Fee 06/10/2024 CCYUSD (1,927.32) Cash 0.00% (1,927.32) 0.00 (1,927.32) 0.00 Total
Management
Fee (1,927.32) (1,927.32) 0.00 (1,927.32) 0.00
Principal
Paydown 06/01/2024 3137BKRJ1 197.61 FHMS K-047 A2 3.329 05/25/2025 2.89% 197.61 -- 197.61 (0.01) Principal
Paydown 06/15/2024 89190GAC1 6,919.36 TAOT 2021-B A3 0.26 11/17/2025 0.27% 6,919.36 -- 6,919.36 0.00 Principal
Paydown 06/15/2024 47788UAC6 1,147.68 JDOT 2021 A3 0.36 09/15/2025 0.39% 1,147.68 -- 1,147.68 0.00 Principal
Paydown 06/15/2024 47789QAC4 2,014.08 JDOT 2021-B A3 0.52 03/16/2026 0.52% 2,014.08 -- 2,014.08 0.00

Page 37 of 48 ends

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/Sold Total Amount Gain/Loss Principal
Paydown 06/15/2024 89238JAC9 1,835.97 TAOT 2021-D A3 0.71 04/15/2026 0.71% 1,835.97 -- 1,835.97 0.00 Principal
Paydown 06/15/2024 44935FAD6 1,493.41 HART 2021-C A3 0.74 05/15/2026 0.76% 1,493.41 -- 1,493.41 0.00 Principal
Paydown 06/15/2024 448977AD0 5,099.88 HART 2022-A A3 2.22 10/15/2026 2.23% 5,099.88 -- 5,099.88 0.00 Principal
Paydown 06/15/2024 47787JAC2 1,880.22 JDOT 2022 A3 0.36 09/15/2026 2.35% 1,880.22 -- 1,880.22 (0.00) Principal
Paydown 06/16/2024 362554AC1 1,350.37 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 1,350.37 -- 1,350.37 (0.00) Principal
Paydown 06/16/2024 380146AC4 1,268.40 GMCAR 2022-1 A3 1.26 11/16/2026 1.27% 1,268.40 -- 1,268.40 (0.00) Principal
Paydown 06/16/2024 362585AC5 2,114.66 GMCAR 2022-2 A3 3.1 02/16/2027 3.13% 2,114.66 -- 2,114.66 0.00 Principal
Paydown 06/18/2024 43815EAC8 3,348.53 HAROT 2021-3 A3 0.41 11/18/2025 0.41% 3,348.53 -- 3,348.53 0.00 Principal
Paydown 06/21/2024 43813GAC5 120.76 HAROT 2021-1 A3 0.27 04/21/2025 0.00% 120.76 -- 120.76 (0.01) Principal
Paydown 06/21/2024 43815GAC3 1,873.35 HAROT 2021-4 A3 0.88 01/21/2026 0.90% 1,873.35 -- 1,873.35 (0.00) Principal
Paydown 06/25/2024 05602RAD3 2,564.98 BMWOT 2022-A A3 3.21 08/25/2026 3.24% 2,564.98 -- 2,564.98 0.00 Principal
Paydown 06/25/2024 05593AAC3 2,782.02 BMWLT 2023-1 A3 5.16 11/25/2025 5.22% 2,782.02 -- 2,782.02 (0.00) Total Principal
Paydown 36,011.28 36,011.28 -- 36,011.28 (0.00)

TOTAL OTHER
TRANSACTIONS (96,020.21) 220,806.79 0.00 220,806.79 (0.00)

Page 38 of 48 ends

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ATTACHMENT 3

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P a g e | 1
August 21, 2024
ITEM TITLE: SECOND READING AND ADOPTION OF ORDINANCE 2024-1248 AMENDING TITLE 2 OF THE IMPERIAL BEACH MUNICIPAL CODE RELATED TO TERMS OF OFFICE FOR VARIOUS COMMISSIONS, BOARDS, AND COMMITTEES. (0120-95) ORIGINATING DEPARTMENT:

City Manager
EXECUTIVE SUMMARY:

The attached ordinance amends the term expiration dates of various commissions, boards, and committees such that expirations will occur in March of odd-numbered years instead of December of even numbered years to allow for sufficient time and full City Council involvement in the selection process.

RECOMMENDATION:

Conduct the second reading and adopt the ordinance.

OPTIONS:
 Conduct the second reading and adopt ordinance; or
 Provide direction to the City Manager.

BACKGROUND/ANALYSIS:

Currently, the terms of office for City commissions, boards, and committees expire at the end of December of even-numbered years. With the City Council’s relatively recent changes to the appointment process which includes application review by an ad hoc and interviews by the entire City Council, the process can be time-consuming. The holiday season at the end of the year has not been an ideal time to carry out this appointment selection process. Further, newly elected councilmembers take office in early December which also means that such newly elected councilmembers may not be able to fully participate in the process if the appointments must be made before the end of December of even-numbered years. Moving the expiration dates for the terms of office to March in odd-numbered years solves these issues.

In addition to changing the expiration dates in the Municipal Code, this proposed ordinance will also modify the terms of office of current members of the City commissions, boards, and committees to line up with the new expiration dates at the end of March of the indicated oddnumbered years.

City Council introduced and conducted the first reading of the ordinance at the August 7, 2024 Regular City Council meeting.

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P a g e | 2
ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

No fiscal impact associated with this report.

ATTACHMENTS:

ATT 1- Ordinance 2024-1248

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ATTACHMENT 1
ORDINANCE NO. 2024-1248

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IMPERIAL BEACH, CALIFORNIA, AMENDING TITLE 2 OF THE IMPERIAL BEACH MUNICIPAL CODE RELATED TO TERMS OF

OFFICE FOR VARIOUS COMMISSIONS, BOARDS, AND COMMITTEES
WHEREAS, the City of Imperial Beach ("City") has created various commissions, boards, and committees to allow citizen volunteer participation in City issues; and WHEREAS, there is a need to modify the terms of office of various commissions, boards, and committees so that full City Council participation can occur during the appointment process of such volunteers because currently the terms of office expire at the end of election years, and newly elected councilmembers may not be able to engage in full participation if the terms expire at the end of December; and
WHEREAS, this Ordinance seeks to amend the term expiration dates such that expirations will occur in March of odd-numbered years to allow for sufficient time and full City Council involvement in the selection process.

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

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

Section 2. Various sections in Title 2 shall be amended to read as shown in Exhibit “A” to this Ordinance (underline indicates new language and strikethrough indicates deleted language).

Section 3. The terms of office for the existing members of City commissions, boards, and committees will be modified as shown in Exhibit “B” to this Ordinance.

Section 4. Any current vacancies on the Parks and Recreation Committee and the Tidelands Advisory Committee will be filled with the regularly scheduled recruitment process in March 2025, or thereafter for the term that correlates with such vacancy. The City Clerk is hereby directed to remove and/or modify any currently posted vacancy notices to be consistent with this process and to publish vacancy notices such that appointments to such vacant positions can occur with the regularly scheduled appointment process in March of 2025. Notwithstanding the above, the City Council may, if it finds that an emergency exists, fill the unscheduled vacancy immediately. Such emergency appointments shall be made by the Mayor with the approval of the City Council. A person appointed to fill the vacancy shall serve only on an acting basis until the final appointment is made pursuant to the process in the Imperial Beach Municipal Code.

Section 5. This Ordinance shall become effective thirty (30) days following its passage and adoption.

Section 6. The City Council of the City of Imperial Beach hereby declares that should any section, paragraph, sentence, phrase, term, or word of this Ordinance, hereby adopted, be declared for any reason to be invalid, it is the intent of the City Council that it would have adopted all other portions of this Ordinance irrespective of any such portion declared invalid.

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Ordinance No. 2024-1248

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INTRODUCED AND FIRST READ at a regular meeting of the City Council of the City of Imperial Beach, held on the 7th day of August 2024, and thereafter PASSED AND ADOPTED at a regular meeting of the City Council of the City of Imperial Beach, California, held on the 21st day of August 2024 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

PALOMA AGUIRRE, MAYOR
ATTEST:

JACQUELINE M. KELLY, MMC

CITY CLERK
APPROVED AS TO FORM:

JENNIFER M. LYON

CITY ATTORNEY

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Ordinance No. 2024-1248

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Exhibit A

2.24 TIDELANDS ADVISORY COMMITTEE
§ 2.24.080 Terms of office.

The terms of office shall be as follows:

Two terms of office shall expire on December March 31, 2025 and each March four years thereafter of each presidential election year; and
B.

Three terms of office shall expire on December March 31,2027 and each March four years thereafter of each even year, excluding the presidential election year.

2.31 DESIGN REVIEW BOARD
§ 2.31.050 Terms of office.

Appointments to the Design Review Board shall be for four years. The terms of office shall be staggered as follows:

Threewo terms of office shall expire on DecemberMarch 31, 20251998, and each MarchDecember four years thereafter;
B.

Twohree terms of office shall expire on DecemberMarch 31, 202700, and each MarchDecember four years thereafter.

2.32 PARKS AND RECREATION COMMITTEE
§ 2.32.030 Terms of office.

Appointments to the Parks and Recreation Committee shall be for four years. The terms of office shall be staggered as follows:

ThreeFour terms of office shall expire on DecemberMarch 31, 20253, and each MarchDecember four years thereafter;
B.

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Ordinance No. 2024-1248

Page 4 of 6 ends

FourThree terms of office shall expire on DecemberMarch 31, 20270, and each MarchDecember four years thereafter.

2.26 VETERANS AND MILITARY AFFAIRS COMMITTEE
§ 2.26.030 Terms of Office.

Appointments to the Veterans Affairs Committee shall be for four years. The terms of office shall be staggered as follows:

Two Five terms of office shall expire on MarchDecember 31, 2027, and each March, four years thereafter.

Three terms of office shall expire on December 31, 2025, and each December, four years thereafter.

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Ordinance No. 2024-1248

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Exhibit B

TIDELANDS ADVISORY COMMITTEE

NAME TITLE DATE APPOINTED TERM

EXPIRATION
Vacant Member ----
12/31/2026
3/31/2027
Joseph James Ellis Vice Chair 03/01/2017 12/31/2024
3/31/2025
John Keating Member 04/06/2023 12/31/2026
3/31/2027
Tiffany Lavan Member 02/03/2021 12/31/2024
3/31/2025
Lynne Fischer Member 04/06/2023 12/31/2026
3/31/2027

DESIGN REVIEW BOARD

NAME TITLE DATE APPOINTED TERM

EXPIRATION
Karl Bradley Chair 04/06/2023 12/31/2026
3/31/2027
Miguel Beltran Vice Chair 02/03/2021 12/31/2024
3/31/2025
Chelsea Grace Member 02/03/2021 12/31/2024
3/31/2025
Lance Rogers Member 02/03/2021 12/31/2024
3/31/2025
Ilia Voronchihin Member 04/06/2023 12/31/2026
3/31/2027

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Ordinance No. 2024-1248

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PARKS AND RECREATION COMMITTEE

NAME TITLE DATE APPOINTED TERM

EXPIRATION
Vacant Member ----
12/31/2024
3/31/2025
Vacant Member ----
12/31/2027
3/31/2027
Veronica Archer Member
02/19/20 (Original appt.)
12/6/23: (Consideration
of 6-month extension)
06/30/2024* (6-Month
Extension)
12/31/2027
3/31/2027
Karl Bradley Member
02/19/20 (Original appt.)
12/6/23: (Consideration
of 6-month extension)
06/30/2024* (6-Month
Extension)
12/31/2027
3/31/2027
Odette Gonzalez Member 03/03/2021 12/31/2024
3/31/2025
Jenni Nesbitt Member 03/03/2021 12/31/2024
3/31/2025
Jennifer Olsen-Bellis Member 03/03/2021 12/31/2024
3/31/2025

VETERANS AND MILITARY AFFAIRS COMMITTEE

NAME TITLE DATE APPOINTED TERM

EXPIRATION
John Haythe Member 06/05/2024 123/31/2027
Madeline Foley Member 06/05/2024 123/31/2027
Frank Martin Member 06/05/2024 123/31/202725
Pan Phyu Member 06/05/2024 123/31/202725
Thomas Pochedly Member 06/05/2024 123/31/202725

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P a g e | 1
August 21, 2024
ITEM TITLE: PRESENTATION AND FINANCIAL REPORT BY THE YE OLDE PLANK INN SPECIAL EVENT CHANGING OF THE GUARDS SUMMER KICK OFF PARTY (1040-10).

ORIGINATING DEPARTMENT:

Parks & Recreation
EXECUTIVE SUMMARY:

On May 15, 2024, the City Council approved a special event permit for the 2024 Changing of the Guard Summer Kick Off Party, hosted by the Ye Olde Plank Inn on Saturday, June 1, 2024. As part of the special event terms and conditions, the event organizer is required to return to the City Council with a formal presentation and financial report, 30 days after the event.

RECOMMENDATION:

The recommendation is that the City Council accepts and files the presentation and financial report from the event organizer and provides further direction to staff.

OPTIONS:
 Accept and file the report
 Request additional information and an additional report  Provide direction to the City Manager
BACKGROUND/ANALYSIS:

The presentation should include the number of attendees, benefit to the community, positive economic impact as a result of the event, beneficiary of funds, and overview of the event budget and outlook for future years.

The presentation and financial report will be provided during the meeting.

ENVIRONMENTAL DETERMINATION:

Not a project as defined by CEQA.

FISCAL IMPACT:

This event required various special event fees and inspections fees. The applicant has paid these fees in full.

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Imperial Beach City CouncilAugust 21, 2024

Imperial Beach City Council
August 21, 2024