Agenda, regular meeting — Indian Wells City Council, April 16, 2026 (part 1 of 6)

INDIAN ,, W€LLS

CALIFORNIA

CITY COUNCIL MEETING
AGENDA
Thursday, April 16, 2026
1:30 PM
City Hall Council Chamber
44950 Eldorado Drive, Indian Wells, CA 92210
Welcome to a meeting of the Indian Wells City Council.

Live Stream: Regular meetings held in the City Hall Council Chamber are streamed live.

You can watch the meeting on any device or computer. Members of the public who wish to listen or watch the meeting may access the livestream during the regular meetings.

LIVE STREAM CLICK HERE.

Public Comments: Members of the Public who wish to speak should fill out a blue slip and submit it to the City Clerk, comments are limited to 3 minutes. In accordance with State Law, remarks during public comment are to be limited to subjects within the City's jurisdiction. If you are unable to provide comments during meeting, written comments on agenda or non -agenda items or both, may be submitted at [email protected] an hour prior to the start of the meeting.

Notification: If you are an individual with a disability and need a reasonable modification or accommodation pursuant to the Americans with Disabilities Act (ADA) please contact the City Clerk at 760-346-2489, 48 hours prior to the meeting.

Please turn off all communication devices (phones) or put them on non -audible mode (vibrate) during Council proceedings. All documents for public review are available for public inspection at City Hall reception, 44-950 Eldorado Drive, Indian Wells during normal business hours.

Pages

Council Meeting Agenda- April 16, 2026
A. CONVENE THE INDIAN WELLS CITY COUNCIL, PLEDGE OF

ALLEGIANCE AND ROLL CALL

MAYOR TOPER TAYLOR

MAYOR PRO TEM BRIAN PENNA

COUNCIL MEMBER GREG SANDERS

COUNCIL MEMBER DANA REED

COUNCIL MEMBER BRUCE WHITMAN
B. APPROVAL OF THE FINAL AGENDA
C. PROCLAMATIONS AND PRESENTATIONS
C.1 Riverside County Sheriff's Quarterly Update and Introductions of Sheriff Personnel
C.2 Riverside County Fire Department Quarterly Update
D. PUBLIC COMMENTS
Members of the public who wish to speak on Consent Calendar items or items not listed on the agenda may do so at this time. Public comments are limited to three (3) minutes per speaker. Speakers will be alerted when their time is up and are asked to promptly return to their seats. No further comments will be permitted after the allotted time.

Please note that while the City Council values public input, it cannot take action or engage in discussion on items not listed on the agenda.

However, the Council may refer matters raised during public comment to staff for review, follow-up, as appropriate.

E. CITY MANAGER'S REPORTS
The City Manager or Department Heads may make brief
announcements, informal comments, or brief the Council on items of interest.

F. CITY ATTORNEY REPORTS AND COMMENTS

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Council Meeting Agenda- April 16, 2026
G. CONSENT CALENDAR
All matters listed on the Consent Calendar are considered to be routine and will be approved by one motion. Reading of text of Ordinances is waived and Ordinances are adopted as second reading, by title only. There will be no separate discussion of these items unless members of the Council request specific items be removed from the Consent Calendar for separate discussion and action.

G.1 City Treasurer's Report for January 2026 16
RECOMMENDED ACTIONS:

Council RECEIVES and FILES the City Treasurer's Report for January 2026; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.2 City Treasurer's Report for February 2026 36
RECOMMENDED ACTIONS:

Council RECEIVES and FILES the City Treasurer's Report for February 2026; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.3 General Plan Housing Element Annual Progress Report and Low Moderate Income Housing Asset Fund Summary Report for 2025 RECOMMENDED ACTIONS:

Council RECEIVES and FILES the General Plan Housing Element Annual Progress Report and Low -Moderate Income Housing Asset Fund Addendum for 2025; and
DIRECTS Staff to submit the Annual Progress Report and Low - Moderate Income Housing Asset Fund Addendum to the Governor's Office of Land Use and Climate Innovation and the California Department of Housing and Community Development; and
FINDS that the action is exempt from review under the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3). 55

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Council Meeting Agenda- April 16, 2026
G.4 Amendment to Fiscal Policies and Procedures Manual - Increase of No -Bidding Threshold from $5,000 to $25,000
RECOMMENDED ACTIONS:

Council REVIEWS Amendments to the City's Fiscal Procedures Manual; and
APPROVES amending the City of Indian Wells Fiscal Policies and Procedures Manual as presented; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.5 Fiscal Year 2026-27 Road Maintenance and Rehabilitation Account Funding Allocation
RECOMMENDED ACTIONS:

Council ADOPTS Resolution approving the Fiscal Year 2026-27 Road Maintenance and Rehabilitation Account Funding Allocation; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060 & 15061.
88 137
G.6 Planning Commission Vacancy Appointment 146
RECOMMENDED ACTIONS:

Council APPROVES the recommendation of the Council Ad Hoc Committee to appoint James Lee to the Planning Commission to fill the vacancy created by the resignation of Commissioner Glenn Schubert, with a term ending December 2027, in accordance with Council policy; and
FINDS the action exempt from California Environmental Quality Act (CEQA) review under CEQA guidelines section 15061(b)(3).

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Council Meeting Agenda- April 16, 2026
G.7 Annual Recruitment and Interview Schedule for Committee Vacancies
RECOMMENDED ACTIONS:

Council APPROVES the annual recruitment and interview schedule and designates Councilmember Bruce Whitman to serve on the Ad - Hoc Interview Committee for the Joslyn Senior Center Board; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.8 Summary of 2026 Strategic Planning and Goal Setting Session for the City, Housing Authority, and Golf Resort
RECOMMENDED ACTIONS:

Council RECEIVES and FILES the summary of 2026 Strategic Planning and Goal Setting Session for the City, Housing Authority, and Golf Resort; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.9 Memorandum of Understanding between the Cities of Indian Wells, Palm Desert, and Rancho Mirage for Cove Communities Community Emergency Response Team Training Course
RECOMMENDED ACTIONS:

Council APPROVES Memorandum of Understanding (MOU) with the City of Palm Desert and City of Rancho Mirage for Cove
Communities Community Emergency Response Team Training
Course; and
AUTHORIZES the City Manager to execute an MOU for the same; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3). 148
150
162

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Council Meeting Agenda- April 16, 2026
G.10 Memorandum of Understanding with the City of Palm Desert and City of Rancho Mirage for Sharing of Emergency Management Resources
RECOMMENDED ACTIONS:

Council APPROVES a Memorandum of Understanding (MOU) with the City of Palm Desert and City of Rancho Mirage for sharing emergency management resources; and
AUTHORIZES the City Manager to execute an MOU for the same; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3).

G.11 Supplemental Appropriation for Motorcycle Replacement and Repair RECOMMENDED ACTIONS:

Council APPROVES a supplemental Appropriation in an amount not to exceed $50,000 from the General Fund to fund the potential replacement of a Sheriff Department motorcycle; and
AUTHORIZES staff to evaluate repair options for the damaged motorcycle and proceed with the most cost-effective solution, including repair, replacement, or reassignment as a reserve unit; and
FINDS that the proposed enhancements are exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.
177
193

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Council Meeting Agenda- April 16, 2026
G.12 Celebrity Course Rehabilitation Funding Agreement
RECOMMENDED ACTIONS:

Council AUTHORIZES a Funding Agreement with Troon Golf to complete the rehabilitation of the Celebrity Course; and APPROVES a Supplemental Appropriation of $880,000 from the Indian Wells Golf Resort Fund to fund initial design costs; and APPROVES and AUTHORIZES the City Manager and City Attorney to finalize and execute all necessary agreements between the City and Troon Golf; and
FINDS that the proposed enhancements are exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

G.13 Shots in the Night Profit Center Enhancement - Artificial Turf Conversion
RECOMMENDED ACTIONS:

Council AUTHORIZES a Funding Agreement with Troon Golf to serve as the City's owner's representative to oversee design and construction of the Shots in the Night improvements; and APPROVES improvements to the Shots in the Night profit center, including conversion of the existing putting course to an artificial turf facility; and
APPROVES a Supplemental Appropriation of $800,000 from the Indian Wells Golf Resort Fund for design and construction; and APPROVES and AUTHORIZES the City Manager and City Attorney to finalize and execute all necessary agreements between the City and Troon Golf; and
FINDS that the proposed enhancements are exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.
196
219

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Council Meeting Agenda- April 16, 2026
G.14 Special Event Pavilion Kitchen Design and Planning Agreement RECOMMENDED ACTIONS:

Council AUTHORIZES a Funding Agreement with Troon Golf to oversee the design and planning of improvements to the Special Event Pavilion, including a new banquet/service kitchen; and APPROVES a Supplemental Appropriation of $75,000 from the Indian Wells Golf Resort Fund for design and pre -construction services; and
APPROVES and AUTHORIZES the City Manager and City Attorney to finalize and execute all necessary agreements between the City and Troon Golf; and
FINDS that the proposed enhancements are exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

H. PUBLIC HEARINGS
For each item listed under Public Hearing Items, the public will have an opportunity to speak. Following the staff report, the Mayor will open the hearing. The applicant may present their case in up to five (5) minutes. Members of the public may speak for three (3) minutes each; if many wish to speak, the Mayor may reduce the time to two (2) minutes to accommodate more participants.

Council Members may ask questions during public testimony, which will not count against the speaker's time. After all public comments, the applicant will have three (3) minutes to respond or provide rebuttal. The Mayor will then close the hearing, and the Council will deliberate and may take action.
223

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Council Meeting Agenda- April 16, 2026
H.1 Annual Levy and Engineer's Report for the Indian Wells Street Lighting District No. 2000-1 for Fiscal Year 2026-27
RECOMMENDED ACTIONS:

Council OPENS the Public Hearing, takes any public testimony, CLOSES the Public Hearing; and
ADOPTS Resolution approving the annual levy and ordering the levy and collection of assessments of the Indian Wells Street Lighting District No. 2000-1 for Fiscal Year 2026-27; and
ORDERS the Indian Wells Street Lighting District No. 2000-1 levy to be placed on the Fiscal Year 2026-27 Riverside County tax roll; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

H.2 Final Annual Levy Report for Landscape and Lighting District No. 91- 1 for the Fiscal Year 2026-27 and Ordering the Levy and Collection of Assessments
RECOMMENDED ACTIONS:

Council OPENS the Public Hearing, takes any public testimony, CLOSES the Public Hearing; and
ADOPTS Resolution approving collection of assessments for the Fiscal Year 2026-27 for the Landscape and Lighting District No. 91- 1; and
ORDERS the Landscape and Lighting District No. 91-1 levy to be placed on the Fiscal Year 2026-27 Riverside County tax roll.

FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060. 227
251

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Council Meeting Agenda- April 16, 2026
H.3 Annual Levy and Engineer's Report for the Drainage Maintenance Benefit Assessment District No. 1
RECOMMENDED ACTIONS:

Council OPENS the Public Hearing, takes any public testimony, CLOSES the Public Hearing; and
ADOPTS Resolution approving the Engineer's Report for the Drainage Maintenance Benefit Assessment District No. 1 for the Fiscal Year 2026-27; and
ADOPTS Resolution approving the annual levy of the Drainage Maintenance Benefit Assessment District No. 1 for the Fiscal Year 2026-27; and
ORDERS the Drainage Maintenance Benefit Assessment District No. 1 levy to be placed on the Fiscal Year 2026-27 Riverside County tax roll.

FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

H.4 Ordinance Amending Title 21 to Clarify Existing Regulations Under the Golf Course Overlay Zone and Ensure General Plan Consistency; and Finding the Action to Be Exempt from CEQA under CEQA Guidelines § 15061(b)(3)
RECOMMENDED ACTIONS:

Council OPENS the public hearing, receive public testimony, close the public hearing; and
INTRODUCES for first reading by title only an ordinance Amending Title 21 of the City of Indian Wells Zoning Code to clarify existing regulations under the Golf Course Overlay Zone and ensure General Plan consistency; and
FINDS that the adoption of the proposed ordinance is exempt from review under the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3).
317
339

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Council Meeting Agenda- April 16, 2026
I. GENERAL BUSINESS
The Mayor will call upon the members of the public to address the Council regarding the agenda item being considered. After the public has provided comment, the item is closed to further comment and brought to the Council for discussion and action.

I.1 Review of Resident 14 -Day Tee Time Booking Policy at Indian Wells Golf Resort
RECOMMENDED ACTIONS:

Council DISCUSSES Resident 14 -Day Tee Time Booking System; and
PROVIDES direction to Staff, if any; and
FINDS the project to be exempt from the California Environmental Quality Act (CEQA) provision pursuant to Section 15060.

I.2 Safer Streets Indian Wells Approval of 30% Design Plans RECOMMENDED ACTIONS:

Council REVIEWS and APPROVES the proposed 30% design plans, as presented, or RECOMMENDS any additional changes to the proposed design to advance the project forward to completion; and 635
660
FINDS the action exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to California Public Resources Code section 21080.20, and Section 15301, Class 1 (c) of Title 14 of the California Code of Regulations.

I.3 Fairway Park Improvements 700
RECOMMENDED ACTIONS:

Council PROVIDES DIRECTION to Staff on moving forward with the Concept Plans for various improvements to Fairway Park; and FINDS the project exempt from the provisions of the California Environmental Quality Act (CEQA) under Section 15301, Existing Facilities, and Section 15303, Construction or Conversion of Small Structures.

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Council Meeting Agenda- April 16, 2026
I.4 Council Ad Hoc Committee Update on Historic Neighborhood Recognition Program
RECOMMENDED ACTIONS:

Council DISCUSSES and provides DIRECTION on the Ad Hoc
Committee's recommendation to approve a Neighborhood
Recognition Program for the City of Indian Wells; and
708
FINDS the action exempt from CEQA review under CEQA Guidelines section 15061(b)(3).

I.5 60th Anniversary Ad Hoc Committee Update 717
RECOMMENDED ACTIONS:

Council REVIEWS and DISCUSSES the 60th Anniversary Ad Hoc Committee recommendations to celebrate the City's 60th Anniversary from July 14, 2026 (59th Anniversary) through July 14, 2027 (60th Anniversary); and
Provides DIRECTION to staff regarding next steps, scope, and implementation of the City's 60th Anniversary celebration initiatives; and
Council CONSIDERS a proposed supplemental appropriation in the amount of $70,000 for a July 4th or July 3rd, 2026, fireworks kickoff event to lead the City's anniversary and the 250th Anniversary of the United States; and
FINDS the action exempt from CEQA review under CEQA Guidelines section 15061(b)(3).

J. COUNCIL MEMBER'S REPORTS
Council Members may ask a question for clarification, make a referral to staff, or take action to have staff place a matter of business on a future agenda. The Council may take action on items listed on the Agenda.

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Council Meeting Agenda- April 16, 2026
J.1 Mayor Taylor Request to Review Joint Council and Planning Commission Study Session Recommendation
RECOMMENDED ACTIONS:

Council DISCUSSES prior Governance Ad Hoc Committee
recommendation and provides DIRECTION on whether to proceed, modify, or discontinue the joint City Council and Planning Commission study session; and
FINDS the action exempt from CEQA review under CEQA Guidelines section 15061(b)(3).

K. COUNCIL MEMBER'S REPORTS
On their own initiative, Council Members may make a brief announcement or a brief report on their own activities.

K.1 COUNCIL MEMBER WHITMAN
California Joint Power Insurance Authority (JPIA)
Coachella Valley Children's Museum
Cove Communities Services Commission
Desert Sands Unified School District
Eisenhower Funding Ad Hoc Committee
Indian Wells Golf Advisory Committee
Sunline Transit Agency
K.2 COUNCIL MEMBER REED
CVAG Conservation Commission
CVAG Public Safety Committee
Eisenhower Funding Ad Hoc Committee
Indian Wells Marketing Committee
Indian Wells Finance & Legal Oversight Committee
722

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Council Meeting Agenda- April 16, 2026
K.3 COUNCIL MEMBER SANDERS
Coachella Valley Animal Campus
Coachella Valley Clean Air Ad Hoc Committee
Cove Communities Service Commission
Desert Sands Unified School District
Desert Recreation District
Indian Wells 60th Anniversary Ad Hoc Committee
Indian Wells Marketing Committee
Indian Wells Finance & Legal Oversight Committee
Indian Wells Public Safety Committee
Municipal Code Update Ad Hoc Committee
Neighborhood Recognition Ad Hoc Committee
K.4 MAYOR PRO TEM PENNA
Coachella Valley Mountain Conservancy
Indian Wells Preservation Foundation
Indian Wells 60th Anniversary Ad Hoc Committee
Visit Greater Palm Springs
Indian Wells Community Activities Committee
Indian Wells Grants In Aid Committee
Indian Wells Personnel Committee
Indian Wells Public Safety Committee
Indian Wells Tee Committee
Neighborhood Recognition Ad Hoc Committee
K.5 MAYOR TAYLOR
CVAG Executive Committee
CVAG Energy & Sustainability Committee
CVAG Homelessness Committee
CVAG Transportation Committee
Coachella Valley Clean Air Ad Hoc Committee
Golf Tournament Ad Hoc Committee
Indian Wells Golf Resort Advisory Committee
Indian Wells Personnel Committee
Indian Wells Tee Committee
Municipal Code Update Ad Hoc Committee
Riverside County Transportation Commission
Southern California Association of Governments

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Council Meeting Agenda- April 16, 2026
L. ADJOURNMENT
To a scheduled special meeting of the City Council to be held at 1:30 p.m. on May 13, 2026 in the City HaII Council Chamber.

Affidavit of Posting,
I, Angelica Avila, certify that on April 10, 2026, I caused to be posted a notice of a City Council Meeting to be held on April 16, 2026 at 1:30 p.m. in the City Hall Council Chamber.

Notices were posted at Indian Wells Civic Center and City's Website [ www.cityofindianwells.org]
e-acafr AvtCa/
Angelica Avila, MMC, City Clerk

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Riverside Sheriff - Indian Wells
City Council Meeting:

April 16, 2026 - Presentation
Item C.1

CAU F R N A
AR a

Riverside Sheriff - Indian Wells
3755 File Numbers
536 Calls for Service End of 3rd Quarter
2388 Self -initiated File Numbers End of 3rd Quarter
42 Total Arrests Made End of 3rd Quarter
9 DUI Arrests End of 3rd Quarter
7 Public Intoxication Arrests End of 3rd Quarter
3 Warrant Arrests End of 3rd Quarter
2038 Area Checks Conducted End of 3rd Quarter

Riverside Sheriff - Indian Wells
>Traffic Collisions - End of 3rd Quarter
> 0 Fatal
4 Major injury
15 Minor -injury
48 Non -injury
Traffic Citations 615 End of 3rd Quarter
11 DUI Arrests End of 3rd Quarter

Riverside Sheriff - Indian Wells
Uniform Crime Reporting Data Year End Comparison
Crime 2023 YE 2024 YE 2025 Q3
Homicide
Rape
Robbery
Aggravated Assault
urglary
Auto Theft
Larceny*
Total Part 1 Crimes
0 1
0 1
56 0
0 14
* Includes vehicle burglaries

2024 Q-3 AVERAGE RESPONSE TIMES I
,11
Response Times Graph
From time Dispatched to Deputy, to time of the Deputy's arrival. i
2025 Q-3
25 (FROM DISPATCH TO DEPUTY ARRIVAL /

21.65 MI N UTES.S ECO N DS)
20 18.41
1 15
10 5
0 12.5

6.03 I

11.15 9.06

8.8 12.06

10.7:

15.75 3.53

8.55 9:

11.66 9.46-
1 5

7.83 9.

9.93 9.68
.76 3.93
'.I .1 1 AI liii .IM-
January February March
January
Priority 1 Priority 2 Priority 3 Priority 4
February March

Response Times Table
From call received by Dispatch to time arrived by Deputy Palm Desert Station
Average Response Times and Calls for Service
Total Yearly Average
Jurisdiction Type
November December January February March
2024 2025 2024 2025 2025 2026 2025 2026 2025 2026 2024 2025 2026* City of Indian
Wells
Priority 1
Average Response
Calls for Service

5.27 8

3.78 6.64 4.10
5 4

3.84 5.64
3 3

4.52 9.95
6 1

4.74 4.51
3 3
Priority 2
Average Response
Calls for Service

18.59 14.35
114 86

13.67 13.18
104 77

13.04 13.31
120 96

13.54 15.93 I 17.44 13.97
77 90 1 93
116
Average Response

22.20 27.40
20 36

14.78 19.09

30.31 15.67

20.87 25.25

19.57 Priority 3
Calls for Service
72 77
_ E,
58 67
58 63
66 66
70 Priority 4
Average Response
Calls for Service

13.24 23

30.01 23

28.60 19
2 .5
21 = :_ l_
2-1

44.19 17

17.38 26

26.33 22

38.18 30

36.26 31
Pri. 1-4 Total Average Response

18.73 21.50

17.26 15.10

17.32 21_86

14.56 1'200
_3 1 E
18 75`
Pri. 1-4 Total Calls for Service
217
188
196
160
214
174
.72
- ,_
_I

6.56 4.35 5.77
45 43 7

16.12 14.50 14.35
1,064 1,079 302

22.28 19.91 23.22
687 697 194
• _

30.34 27.97 35.07
270 280 70

19.82 17.89

19.78 2,066 2.099 573
r'T tatal

Notable Cases/Operations
On March 15, 2026, during the BNP Paribas Open at the Indian Wells Tennis Garden, Lieutenant Willison was notified of a theft involving a high -value wristwatch. The investigation revealed the victim was deliberately distracted by a coordinated group of suspects, during which the watch was removed from the victim's wrist.

A witness later observed two individuals in possession of what was believed to be the stolen watch. These individuals were identified as a 38 -year -old Colombian national male and a 17 -year -old Colombian national juvenile. Both were detained at the venue and determined to be involved in the theft. The watch was not recovered. The witness further reported that one of the suspects appeared to pass the watch to another individual, later identified as a 47 -year -old Colombian national female.

The stolen watch is estimated to be valued at approximately $435,000.

Both male suspects were taken into custody at the scene. The juvenile was booked into Juvenile Hall, and the adult was booked into the John Benoit Detention Center. The Palm Desert Station Robbery Burglary Suppression Team (RBST) assumed the investigation and obtained approximately 13 search warrants in an effort to identify additional suspects and recover the stolen property.

On March 25, 2026, with assistance from Indian Wells, Palm Desert, and Rancho Mirage Special Enforcement Teams, investigators executed two residential search warrants in the city of Ontario. The outstanding female suspect was located at one of the residences and taken into custody. Investigators also obtained additional information related to stolen property. The investigation remains ongoing.

On February 20, 2026 - between 6:00PM and 2:00AM, the Indian Wells Traffic Team in conjunction with the Palm Desert and Rancho Mirage Traffic Team conducted a DUI checkpoint at Highway 1 1 1 and Eldorado Drive within the City of Indian Wells. A total of 921 vehicles were screened, with 53 drivers referred to secondary inspection. Four field sobriety tests were administered, resulting in two arrests for driving under the influence. Enforcement activity also included 19 citations issued for unlicensed drivers, one citation for driving on a suspended license, six citations for miscellaneous traffic violations, and one citation issued for an outstanding warrant.

Both DUI arrestees were transported to and booked at the John Benoit Detention Center.

Operations Updates
Case Load Updates:

The Indian Wells Special Enforcement Team has concluded approximately nine (9) various operations packets for events that have occurred throughout the City of Indian Wells over the past quarter.

These operations included large-scale, multi -day events such as the BNP Paribas Open Tennis Tournament, as well as single -day and recurring community events including the Desert Town Hall Speaker Series, The Dr. George Charity Car Show, the Vintage Roundup meet and great and many others. Collectively, these events drew significant attendance, ranging from several hundred to over 40,000 patrons per day, requiring coordinated law enforcement planning and response.

The primary mission across all operations focused on maintaining public safety through high -visibility patrol, traffic control, crowd management, and rapid response to incidents. Personnel were strategically deployed to address event -specific needs, including dignitary protection, undercover operations, and critical incident preparedness. Coordination with allied agencies, event staff, private security, and emergency medical services was essential to ensuring safe and orderly operations.

Throughout the quarter, enforcement teams successfully managed high traffic volumes, mitigated potential public safety risks, and responded to incidents as they arose, while maintaining a professional and proactive presence. Specialized units, including traffic, enforcement teams, K-9, and hazardous device teams, were utilized when appropriate to enhance operational effectiveness.

Overall, the Indian Wells Special Enforcement Team demonstrated a high level of preparedness, adaptability, and inter -agency coordination, contributing to the safe and successful execution of all scheduled events. The team remains committed to maintaining public safety and operational excellence for future events within the city.

City Council Meeting:

April 16, 2026 - Presentation
Item C.1
IIIIIIIIIIIIII111111II111III111111111II111111IIIIIIIIIIIIllll11IIIIIIIIIIIIIIIIIIIIII Fairway Drive
Speed & Collision
Analysis
Sgt. Robert Wiggs #3995
City of Indian Wells, Traffic Division
(760)836-1659 desk

IIIIII111111IIIIIIIIIIIIIIIIIIIIIIIIII111111IIIII11111IIIIIIIIIIIIIIIl111111111111111 Personal History
20 years in law enforcement
Motor deputy
Collision reconstructionist
Field Training Officer
Collision Investigation Course Instructor

IIIIIIIIIIIlllllll1111111111111„IIIIIII,IIIIIIII111111/11111111111111111111111II1111 Traffic Enforcement
Purpose
Enforceable Speeds
Resources

IIIIIIll1111111111IIIIIIIIIlll111IIIIIIIIII11111111111111IIIIIIIIIIIIllll111111111111 Collision Summary Report
2015-2025
A basic outline of all collisions within a chosen parameter.

Data includes: date/time, location, file number, injuries, driver demographics, associated factors, and cause
Parameters chosen: all collisions between 2015-2025 on Fairway Drive

IIIIIIll1111111111IIIIIIIIIlll111IIIIIIIIII11111111111111IIIIIIIIIIIIllll111111111111 Collision Summary Report
2015-2025
• 1 1 collisions on Fairway Drive
(compared to 1,105 collisions throughout the city)
• 2 collisions caused by speed; others by stop sign, right-of-way, DUI.

IIIIlllllll1111111III1/IIII111111IIIIIIIIII11111111111111111111111IIIllll111111111111 High Incidence Summary Report
2015-2025
A ranking of which roadways collisions occur the most frequently within a given year
Between 17 and 27 high -incidence locations annually
Historically, Fairway Drive competes with being the last location where collisions occur most frequently

IIIIIIIIIIll111111IIIIIIIIII111/11/III1111111111111111IIIIIIIIIIIII/Ill/1111111111111 Engineering & Traffic Survey
2022
A data -driven study of roadway conditions, traffic speeds, & safety records Completed every 5 years
Speed limits are based off 85'" percentile

IIIIIIIIIIll111111IIIIIIIIII111/11/III1111111111111111IIIIIIIIIIIII/Ill/1111111111111 Engineering & Traffic Survey
2022
85th percentile - 38.4 mph
Speed limit set at 35 mph
July, 2024 - Speed limit reduced to 30 mph in response to complaints

IIIIIIIIIIll111111IIIIIIIIII111/11IIII1111111111111111IIIIIIIIIIIIIIIlll1111111111111 Traffic Enforcement & Citation Frequency
Radar Speed Sign placed on Fairway Drive from 10/01/2025-10/26/2025 35,841 vehicles were scanned
56% at or below 30 mph
41% between 31-40 mph
3% above 41 mph

IIIIIIIIIIll111111IIIIIIIIII111/11IIII1111111111111111IIIIIIIIIIIIIIIlll1111111111111 Traffic Enforcement & Citation Frequency
Counts Unlimited, Inc.
7 -day directional speed analysis on Fairway Drive from 09/05/2025 - 09/11/2025
12,520 vehicles were scanned

1.85% (232) of vehicles were within an enforceable speed

IIIIIIIIIIll111111IIIIIIIIIIIIIIIIIIII1111111111111111IIIII111I1I11/Ill/1111111111111 Traffic Enforcement
Citation Frequency
2015-2026
Year
Citations
Speed
2015
6 0
2016
28 0
2017
31 0
2018
1 0
2019
10 0
2020
9 0
2021
6 0
2022
26 0
2023
122
1 2024
86 58
2025
96 31
2026
248
92 IIIIIIIIIIll111111IIIIIIIIIIIIIIIIIIII1111111111111111IIIIIIIIIIIII/Ill/1111111111111 Opinion
Collision Data vs. High Frequency Area
Resources
Methods of Enforcement

.Y Corn Fire 1 0.2%
False A arm 59 14.2%
• Medical 296 71.3%
• Other M i sc 1 0.2%
• Public Service Assist 21 5.1%
Res Fire 2 0.5%
■ Rescue 2 0.5%
Ringing .Alarm 1 0.2%
• Standby 2 0.5%
• Traffic Collision 28 6.7%
• Vehicle Fire 2 0.5%
Total: 415 100.0° o

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CA I.FIaE / RI4NRSIUE COUNT\ EIRE 1) YARr'.ren r

Council Meeting Agenda- April 16, 2026

INDIAN WELLS CITY COUNCIL
April 16, 2026
To: City Council
From: Finance Department
Prepared by: Amy Dallosta, Accountant
Subject: City Treasurer's Report for January 2026
RECOMMENDED ACTIONS:

Council RECEIVES and FILES the City Treasurer's Report for January 2026; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

DISCUSSION:

This report comprehensively analyzes the City of Indian Wells' cash and investment position as of January 31, 2026. The city maintains a robust investment strategy, focusing on prudence, liquidity, and compliance with legal requirements. The Treasurer's certification ensures adherence to the city's investment policy and compliance with the State of California Government Code section 53600.

Financial Snapshot:

As of January 31, 2026:
• Total cash and investments: $93,535,668.59
• Portfolio rate of return: 3.510%
Treasurer's Certification:

The City Treasurer certifies:
• Compliance with the city's investment policy and legal requirements. • Adequate liquidity to meet financial obligations for the next six months, ensuring static and dynamic liquidity.

Page 16 of 723 ends

Council Meeting Agenda- April 16, 2026
Fiscal Prudence:

Aligned with fiduciary duty, the city adheres to a prudent investment approach, considering economic conditions and anticipated needs. Investments are guided by a written policy emphasizing safety, liquidity, and yield.

BACKGROUND:

The Treasurer's Report provides a monthly update on cash activity and the investment portfolio, ensuring reconciliation with the General Ledger. Investments align with the city's investment policy and State legislation, covering U.S. treasuries, federal agency securities, corporate notes, municipal bonds, CDs, and overnight cash investments.

Investment Strategy:

The city's investment portfolio is designed to achieve a market rate of return within risk constraints. Diversification across institutions, security types, and maturities maximizes safety and yield amid changing market conditions.

FISCAL IMPACT:

The investment portfolio generated $170,870.12 in earnings for January 2026. The investment strategy aims for consistent returns throughout budgetary and economic cycles, reflecting prudent risk management. Moreover, the strategy's success in consistently generating returns reflects its adaptability to changing market conditions. As economic cycles fluctuate, the city's investment approach remains resilient, adjusting to dynamic financial landscapes to optimize safety and yield.

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA):

This action has been reviewed per the authority and criteria contained in the California Environmental Quality Act (CEQA), the State and local CEQA Guidelines, and the City's environmental regulations. The City, acting as the Lead Agency, determined that this resolution is not subject to CEQA pursuant to Sections 15060(c)(2), 15060(c)(3), and 15061(b)(3) of the State CEQA Guidelines, because it will not result in a direct or reasonably foreseeable indirect physical change to the environment as there is no possibility that the action would result in a significant environmental impact, and because it does not constitute a "project" as defined in Section 15378 of the State CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3.

Page 17 of 723 ends

Council Meeting Agenda- April 16, 2026
ATTACHMENTS:

1. City Treasurer's Report

Page 18 of 723 ends

Council Meeting Agenda- April 16, 2026
ATTACHMENT #1
NET CASH & INVESTMENT SUMMARY JANUARY 2026

UNRESTRICTED FUNDS

GENERAL FUND
101- GENERAL

TOTAL GENERAL FUND

RESTRICTED FUNDS

SPECIAL REVENUE FUNDS
202 - TRAFFIC SAFETY
203 - PUBLIC SAFETY 1/2 CENT SALES TAX
204 - MEASURE "A"
209 - F.A.M.D. #1
210 - SCAQMD (VEHICLE REG.)
211 - AB 3229 COPS FUNDING
214 - GAS TAX 2103 MAINTENANCE
215 - GAS TAX 2105 MAINTENANCE
216 - GAS TAX 2106 CONSTRUCT/MAINT
217 - GAS TAX 2107 MAINTENANCE
218 - GAS TAX 2107.5 ENG./ADMIN
219 - GAS TAX RMRA
228 - EMERG. UPGRADE SERVICES
247 - AB 939 RECYCLING FUND
248 - SOLID WASTE
251 - STREET LIGHTING DISTRICT 2000-1
253- INDIAN WELLS VILLAS OPERATIONS
254- MOUNTAIN VIEW VILLAS OPERATIONS
256- HOUSING AUTHORITY
271 - ELDORADO DRIVE LLMD
272 - MONTECITO/STARDUST LLMD
273 - CASA DORADO LLMD
274 - THE COVE LLMD
275 - SH 111/IWGR (ENTRANCE) LLMD
276 - CLUB/IW LANE LLMD
277 - COLONY LLMD
278 - COLONY COV ESTATES LLMD
279 - DESERT HORIZONS LLMD
280 - MOUNTAIN GATE LLMD
281 - MOUNTAIN GATE ESTATES LLMD
282 - VILLAGIO LLMD
283 - VAIDYA LLMD
284 - CLUB, SOUTH OF 111 LLMD
285 - MONTELENA LLMD
286 - SUNDANCE LLMD
287 - PROVINCE LLMD
288 - PROVINCE DBAD

TOTAL SPECIAL REVENUE FUNDS

CAPITAL PROJECT FUNDS
310 - PARK FACILITIES FEES
311 - TRANSPORTATION FACILITIES FEES
313 - RECREATION FACILITIES FEES
314 - PARK -IN -LIEU FEES
315 - CITYWIDE PUBLIC IMPROVEMENT FEE
316 - CAPITAL IMPROVEMENT
319 - ART IN PUBLIC PLACES
321 - HIGHWAY 111 CIRCULATION IMP FEE

TOTAL CAPITAL PROJECT FUNDS
January
2026
January
2025
$ 14,245,422.25 $ 22,111,946.50
14,245,422.25 22,111,946.50

0.00 11,815.55

0.00 6,587.78

0.00 0.00
1,502,890.11 1,133,116.84
21,733.22 19,018.32

0.00 0.00

0.00 0.00
75,249.22 92.48
7,636,893.72 5,891,636.16
233,335.13 281,137.64
1,182,253.49 1,062,984.21
24,097.84 20,834.74
219,747.81 43,511.18
262,218.64 255,639.94
742,728.54 367,010.11
153,298.23 128,212.28
34,616.77 24,591.77
21,153.73 20,293.22
16,974.39 14,874.39
490,210.24 392,156.54
99,376.84 60,139.34
160,453.76 133,096.26
66,419.94 57,809.31
414,615.32 361,344.21
154,024.59 125,385.87
62,635.88 52,170.74
342,537.09 293,220.39
50,060.09 42,772.66
50,762.91 41,384.77
170,387.70 128,622.91
32,511.91 31,869.08
206,050.53 222,320.37
647,847.94 605,625.39
15,075,085.58 11,829, 274.45

0.00 0.00

0.00 15,776,681.30
800,763.19

0.00 0.00

0.00 0.00
10,690,843.75
685,694.30

0.00 16, 577,444.49 11, 376, 538.05

Page 19 of 723 ends

Council Meeting Agenda- April 16, 2026

CITY OF INDIAN WELLS
NET CASH & INVESTMENT SUMMARY JANUARY 2026
PAGE 2
RESTRICTED FUNDS (Cont.)

REPLACEMENT FUNDS
326 - BUILDINGS CAPITAL RESERVE
327 - BRIDGES CAPITAL RESERVE
328 - MEDIANS & PARKWAYS CAPITAL RESERVE
329 - STORM DRAINS CAPITAL RESERVE
330 - TRAFFIC SIGNALS CAPITAL RESERVE
331 - TECHNOLOGY CAPITAL RESERVE
332 - CITY STREETS CAPITAL RESERVE
333 - CITY VEHICLES CAPITAL RESERVE
350 - DISASTER RECOVERY RESERVE

TOTAL REPLACEMENT FUNDS

SUCCESSOR AGENCY FUNDS
453 - DEBT SERVICE
456 - RDA OBLIGATION RETIREMENT

TOTAL SUCCESSOR AGENCY FUNDS

FINANCING AUTHORITY FUNDS
460 - INDIAN WELLS FINANCING AUTHORITY

TOTAL FINANCING AUTHORITY FUNDS

ENTERPRISE FUNDS
560 - INDIAN WELLS GOLF RESORT

TOTAL ENTERPRISE FUNDS

INTERNAL SERVICE FUNDS
601 - INTERNAL TRUST FUND

TOTAL INTERNAL SERVICE FUNDS

RESERVE FUNDS
602 - COMPENSATED ABSENCES

TOTAL RESERVE FUNDS

TRUST & AGENCY FUNDS
732 - SPECIAL DEPOSITS

TOTAL TRUST & AGENCY FUNDS

TOTAL ALL FUNDS

FISCAL AGENTS
253 - INDIAN WELLS VILLAS
254 - MOUNTAIN VIEW VILLAS
453 - US BANK TRUSTEE - SUCCESSOR AGENCY DEBT SERVICE
460 - US BANK - INDIAN WELLS FINANCE AUTHORITY
560 - INDIAN WELLS GOLF RESORT
601 - INTERNAL TRUST FUND (Restricted for Pension and Other Benefits)

TOTAL FISCAL AGENTS

TOTAL ALL FUNDS & FISCAL AGENTS
January
2026
2,866,922.80
2,642,957.00
2,235,306.07
1,448,011.00
1,304,175.00
1,246,913.00
19,815,113.00
782,485.00
929,297.00
January
2025
2,444,219.80
2,231,934.00
1,845,543.07
1,099,307.00
962,974.00
908,700.00
18,508,533.00
468,490.00
620, 506.00
33,271,179.87 29,090,206.87
5,977,150.43

0.00 5,865,406.43

0.00 5,977,150.43 5,865,406.43
54,831.39 647,961.99
54,831.39 647,961.99
3,287,578.51 1,472,427.63
3,287,578.51
3,960,000.08
3,960,000.08 2,403,629.62
1,472,427.63
2,403,629.62

0.00 0.00

0.00 0.00
355,160.97 499,445.15
355,160.97 499,445.15
92,803,853.57 85,296,836.69
88,099.38
147,795.33
11,442.45
2,370,678.59
2,541,175.79
7,238,936.47
93,455.80
229,977.31
4,573.76
4,877,137.46
3,400,743.16
11,463,653.17
12,398,128.01 20,069,540.66
$ 105,201,981.58 $ 105,366,377.35

Page 20 of 723 ends

City of Indian Wells Council Meeting Agenda- April 16, 202 Bank Reconciliation Report - City Held Cash
Finance Department
MONTH: January 31, 2026
Investment # Investment Type
Investment Description
Book Value
Bank Checking & Sweep
1 Banc of California Bank - Sweep **-**1117
2,577,126.29
2 Banc of California Bank - Accts. Payable **-**3411

0.00 3
Banc of California Bank - Payroll **-**1752

0.00 6
Banc of California Bank - Ambulance **-****7937

0.00 7
Banc of California Bank - Public Funds MMA **-****5064
422,339.68
8 US Bank Money Market - Investment

0.00 9
US Bank Money Market - 4590
4,772,619.40
10 US Bank Money Market - 4591
688,768.57
19 Petty Cash
2,000.00
8,462,853.94
Managed Pool Accounts
21 Local Agency Investment Fund - City 98-33-385
21,852,653.25
23 Local Agency Investment Fund - RDA 65-33-007

0.00 21,852,653.25
Certificates of Deposit
548
Certificate of Deposit -Toyota Financial Sgs Bank 89235MKY6 250,000.00
550
Certificate of Deposit-Greenstate Credit Union 39573LBL1 250,000.00
557
Certificate of Deposit -Pentagon Federal Credit Union 70962LAS1 249,000.00
558
Certificate of Deposit-Nelnet Bank, Inc 64034KAG6
250,000.00
561
Certificate of Deposit -Beal Bank 07371AYE7
250,000.00
562
Certificate of Deposit -Beal Bank USA 073710E88
250,000.00
573
Certificate of Deposit -Capital One NA 14042RUJ8
250,000.00
574
Certificate of Deposit -Austin Telco Fed Credit Union 052392BT3 250,000.00
575
Certificate of Deposit -Synchrony Bank 87164XR65
250,000.00
585
Certificate of Deposit -Liberty First Credit Union 530520AK1 249,000.00
586
Certificate of Deposit -First Guaranty Bank Hammond LA
249,000.00
587
Certificate of Deposit -Medallion Bank Utah 58404DSW2
249,000.00
588
Certificate of Deposit -Pitney Bowes Bank 724468AG8
244,000.00
589
Certificate of Deposit -Bank Five Nine 062119CD2
249,000.00
590
Certificate of Deposit -First Foundation Bank 32026UW51 244,000.00
591
Certificate of Deposit -Summit National Bank 86616RAG0
249,000.00
592
Certificate of Deposit -First National Bank of America 32110YD93 249,000.00
597
Certificate of Deposit -Morgan Stanley Private Bank 61768ET29 244,000.00
598
Certificate of Deposit -Cross River Bank 227563EX7
244,000.00
599
Certificate of Deposit -Universal Bank and Trust Co 91527PCF2 249,000.00
607
Certificate of Deposit -Sallie Mae 795451DM2
244,000.00
609
Certificate of Deposit -Leaders Credit Union 52171MAN5
249,000.00
5,461,000.00
Medium Term Corporate Notes
538
JP Morgan Chase 481.28G202
1,000,000.00
549
Bank of America MTN 06048WM31
1,000,000.00
556
Bank of America MTN 06048WM72
1,000,000.00
576
John Deere Capital Corp 24422EWR6
1,010,790.96
611
Toyota Motor Credit Corp 89236TMK8
998,001.40
616
BMO Bank A2 06376FEC9
2,000,000.00
617
RBC Bank AA- 78014RM31
2,000,000.00
9,008,792.36
Federal Agency Issues
542
Fed. Farm Credit Bank 3130ALJ62
1,000,000.00
544
Fed. Farm Credit Bank 3130ALMM3
2,000,000.00
546
Fed. Farm Credit Bank 3130ALW67
1,000,000.00
551
Fed. Farm Credit Bank 3130AMW57
2,000,000.00
559
Fed. Home Loan Bank 3130AOWF6
1,000,000.00
560
Fed. Home Loan Bank 3130AOWJ8
1,000,000.00
563
Fed. Home Loan Bank 3130AQZ55
1,000,000.00
566
Fed. Home Loan Bank 3130ARGE5
1,000,000.00
605
Fed.Home Loan Bank 3130B1UH8
2,000,000.00
12,000,000.00
Treasury Securities
593
United States Treasury Bill 91282CFU0
9,963,526.25
594
United States Treasury Bill 912810FF0
13,340,050.50
610
United States Treasury Bill 91282CLK5
2,009,136.70
615
United States Treasury Bill 91282CHZ7
5,191,948.30
30,504,661.75
Municipal Bonds
614
CA State Gen Obligation AA2 13063EHU3
5,231,337.31
618
AZ Industrial Development Auth 04052AEL6
1,014,369.98
6,245,707.29
Total Pooled Cash and Investments
$ 93,535,668.59
Fair Value Increase (over cost)
44,925.42
Outstanding items
Warrants/Wire Transfers Oustandinq (Bank)
(779,996.34)
Incoming Payments Outstanding (GL)
(2,927.99)
Credit Card in Transit
6,183.89
Total Outstanding Items
(776,740.44)
Reconciled Bank Balance
$ 92,803,853.57
General Ledger Balance
$ 92,803,853.57
.. , 0.0Q_
4/8/2026, 11:40 AM
https://indianwells.sharepoint.com/Finance Common/bank/bank reconciliation fy26/7-Jan 26/2025-12_RPT_Jan Bank Rec\Jan 26 pooled -After Jrnl 1-1-2

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Par
Value
The City of Indian Wells
Portfolio Management
Portfolio Summary
January 31, 2026
Market
Value
Book % of
Value Portfolio
Term
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.

Managed Pool Accounts - LAIF
Money Market Sweep/Checking Account
Negotiable CD's
Medium Term Corporate Notes
Federal Agency Issues - Callables
Treasury Securities
Municipal Bonds
Investments
21, 852, 653.25
8,462,853.94
5,461,000 00
9,000,000.00
12,000,000.00
30,000,000.00
6,000,000.00
92,776,507.19
21,852,653.25
8,462,853.94
5,491, 737.63
8,959,620.00
11, 928,170.00
30,838,380.00
6,207,570.00
21,852,653.25 23.36 1 1 3.877 3.931
8,462,853.94 9.05 1 1 2.568 2.603
5,461,000.00 5.84 1,824 756 2.871 2.911
9,008,792.36 9.63 1,803 1,021 3.190 3.234
12,000,000.00 12.83 1,825 387 2.108 2.137
30,504,661.75 32.61 1,678 1,029 4,064 4.121
6,245,707.29 6.68 1,727 1,619 3.792 3.845
93,740,984.82 93,535,668.59
100.00% 1,177
636 3.462 3.510
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Return
January 31 Month Ending
243,005.78
80,738,816.16

3.54%
The above investments are consistent with the City's investment policy and allowable under current legislation of the State of California. Investments were purchased using safety, liquidity, and yield as criteria. Ln addition, cash flow from revenue and maturing investments will be sufficient to cover expenditures for the next six months. All securities are "Marked -to -Market" on a monthly basis.

Kevin McCarthy, Finance D •ctor
Reporting period 01/01/2026-01/31/2026
Run Date: 02/23/2026 - 14:20
No fiscal year history available
Portfolio CITY
AP
p F ) 7o.1723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
Average
Balance
The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Purchase
Date
Par Value Market Value
Stated
Book Value Rate

Page 1 ends

YTM Days to Maturity
Fitch 360 Maturity Date
Managed Pool Accounts - LAIF
SYS21 21
SYS23 23
LAIF - City
LAIF - Redevelopment
Subtotal and Average 12,020,494.48
21,852,653.25

0.00 21,852,653.25
0,00
21,852,653.25 21,852,653.25
21,852,653.25

0.00 21,852,653.25

3.931

0.233

3.877 1

0.230 1
Money Market Sweep/Checking Account
SYS1
SYS6
SYS7
SYS8
SYS10
SYS9
SYS2
SYS3
SYS4
SYS19
SYS5
1 Banc of CA
6 Banc of CA -Ambulance
7 Banc of CA-PublicFundsMMA
8 US Bank Money Market
10 US Bank Money Market -4591
9 US Bank Money Market -4590
2 Banc of CA- Acct Payable
3 Banc of CA -Payroll
4 Union Bank -Checking
19 Petty Cash
5 WestAmerica Bank
Subtotal and Average 3,167,319.83
07/01/2023
07/01/2023
07/01/2023
07/01/2023
07/01/2023
07/01/2023
2,577,126.29

0.00 422,339.68
o.00
688,768.57
4,772,619.40
o.00

0.00 0.00
2,000.00

0.00 2,577,12629

0.00 422,339.68

0.00 688,768.57
4,772,619.40

0.00 0.00

0.00 2,000.00

0.00 2,577,126.29

0.00 422,339.68

0.00 688,768.57
4,772,619.40

0.00 0.00

0.00 2,000.00

0.00 8,462,853.94 8,462,853.94
8,462,853.94

0.250

4.120

3.580

3.600

0.200

3.877 1

0.247 1

0.000 1

4.064 1

0.000 1

3.531 1

3.551 1

0.000 1

0.197 1

0.000 1

2.568 1
Negotiable CD's
D52392BT3
D62119CD2
07371AYE7
07371 CE88
14042RUJ8
227563EX7
320437AD8
32110YD93
32026UW51
39573LBL1
52171MAN5
530520AK1
58404DSW2
61768ET29
64034KAG6
70962LAS1
724468AG8
795451 DM2
B6616RAGO
'.un Date: 02/23/2026 - 14:20
574 Austin Telco Fed Credit Union
589 Bank Five Nine
561 Beal Bank - Plano TX
562 Beal Bank USA
573 Capital One NA
598 Cross River Bank
586 First Guaranty Bank Hammond LA
592 First National Bank of America
590 First Foundation Bank
550 Greenstate Credit Union
609 Leaders Credit Union
585 Liberty First Credit Union
587 Medallion Bank Utah
597 Morgan Stanley Private Bank
558 Nelnet Bank, Inc.
557 Pentagon Federal Credit Union
588 Pitney Bowes Bank Inc.
607 Sallie Mae
591 Summit National Bank
09/21/2022
07/31/2023
02/23/2022
02/23/2022
09/21/2022
03/07/2024
08/11/2023
08/16/2023
08/16/2023
06/16/2021
08/30/2024
08/11/2023
07/31/2023
03/06/2024
02/02/2022
09/29/2021
07/31/2023
07/26/2024
08/16/2023
250,000.00
249,000.00
250,000.00
250,000.00
250,000.00
244,000.00
249,000.00
249,000.00
244,000.00
250,000.00
249,000.00
249,000.00
249,000.00
244,000.00
250,000.00
249,000.00
244,000.00
244,000.00
249,000.00
250,045.00 250,000.00 3.800
253,115.97 249,000 00 4.500
245,267.50 250,000.00 1.900
245,267.50 250,000.00 1.900
250,427 50 250,000.00 3.900
247,074.40 244,000.00 4.250
253,140.87 249,000.00 4.500
256,626.87 249,000.00 4.450
247,664.88 244,000.00 4450
247,270.00 250,000.00 0.900
250,175.28 249,000.00 4.000
255,566.13 249,000.00 4.700
252,530.82 249,000.00 4.400
247,779.56 244,000.00 4.350
244,442.50 250,000.00 1.500
244,316.31 249,000.00 0.900
247,345.24 244,000.00 4.400
247,533.12 244,000.00 4.300
254,990.94 249,000.00 4.500

3.748

4.438

1.874

0.000

4.192

4.438

4.394

0.000

0.888

3.945

4.641

4.406

4.290

1.479

0.888

0.000

4.241

4.443
597
908
381
381
597
1,130
915
926
920
135
1,306
918
911
1,129
366
240
911
1,269
921
09/21/2027
07/28/2028
02/17/2027
02/17/2027
09/21/2027
03/07/2029
08/04/2028
08/15/2028
08/09/2028
06/16/2026
08/30/2029
08/07/2028
07/31/2028
03/06/2029
02/02/2027
09/29/2026
07/31/2028
07/24/2029
08/10/2028
Portfolio CITY
AP
pagERF≥ 2)of1i723

Council Meeting Agenda- April 16, 2026
CUSIP Investment # Issuer
Negotiable CD's
87164XR65 575 Synchrony Bank
89235MKY6 548 Toyota Financial Sgs Bk
91527PCF2 599 Universal Bank and Trust Co.

The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date

Page 2 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 360 Maturity Date Subtotal and Average 5,461,000.00
Medium Term Corporate Notes
D6048WM31 549 Bank of America MTN A
D6048WM72 556 Bank of America MTN A
06376FEC9 616 BMO Bank A2
24422EWR6 576 John Deere Capital Corp
48128G2Q2 538 JPMorgan Chase & Co
78014RM31 617 RBC Bank AA-
B9236TMK8 611 Toyota Motor Credit Corp
09/23/2022 250,000.00 250,625.00 250,000.00 3.950 3.896 599 09/23/2027 04/22/2021 250,000.00 248,355.00 250,000.00 0.900 0.888 80 04/22/2026 03/13/2024 249,000.00 252,177.24 249,000.00 4.250 4.192 1,136 03/13/2029 5,461,000.00 5,491,737.63
5,461,000.00 2.871 756
Subtotal and Average 10,363,822.52
05/28/2021 1,000,000.00 992,340.00 1,000,000.00 1.250 1.233 116 05/28/2026 07/30/2021 1,000,000.00 984,360.00 1,000,000.00 1.200 1.184 179 07/30/2026 10/15/2025 2,000,000.00 1,962,640.00 2,000,000.00 4.300 4241 1,717 10/15/2030 05/18/2023 1,000,000.00 1,020,500.00 1,010,790.96 4.750 4.083 718 01/20/2028 02/26/2021 1,000,000.00 997,600.00 1,000,000.00 0.800 0.789 25 02/26/2026 10/17/2025 2,000,000.00 1,984,800.00 2,000,000.00 4.250 4.192 1,719 10/17/2030 11/06/2024 1,000,000.00 1,017,380.00 998,001.40 4.550 4.549 1,285 08/09/2029 9,000,000.00 8,959,620.00
9,008,792.36 3.190 1,021
Federal Agency Issues - Callables
3130ALJ62 542 Fed. Home Loan Bank
3130ALMM3 544 Fed. Home Loan Bank
3130ALW67 546 Fed. Home Loan Bank
3130AMW57 551 Fed. Home Loan Bank
3130AQWF6 559 Fed. Home Loan Bank
3130AQWJ8 560 Fed. Home Loan Bank
3130AQZ55 563 Fed. Home Loan Bank
3130ARGE5 566 Fed. Home Loan Bank
3130B1UH8 605 Fed. Home Loan Bank
Subtotal and Average 12,967,741.94
03/24/2021 1,000,000.00 996,050.00 1,000,000.00 0.875 0.863 51 03/24/2026 03/30/2021 2,000,000.00 1,991,800.00 2,000,000.00 1.000 0.986 57 03/30/2026 04/22/2021 1,000,000.00 994,410.00 1,000,000.00 1.100 1.085 80 04/22/2026 06/30/2021 2,000,000.00 1,986,840.00 2,000,000.00 2.000 0.972 149 06/30/2026 02/25/2022 1,000,000.00 984,600.00 1,000,000.00 2.150 2.121 389 02/25/2027 02/24/2022 1,000,000.00 983,000.00 1,000,000.00 2.050 2.022 388 02/24/2027 03/10/2022 1,000,000.00 988,440,00 1,000,000.00 2.500 2.466 402 03/10/2027 04/21/2022 1,000,000.00 992,890.00 1,000,000.00 3.000 2.959 444 04/21/2027 07/03/2024 2,000,000.00 2,010,140.00 2,000,000.00 5.000 4.932 1,241 06/26/2029 12, 000,000.00 11, 928,170.00
12,000,000.00 2.108 387
Treasury Securities
91282CFU0 593 U.S. Treasury
912810FF0 594 U.S. Treasury
91282CLK5 610 U.S. Treasury
91282CHZ7 615 U.S. Treasury
Subtotal and Average 30,510,609.96
12/12/2023 10,000,000 00 10,097,300.00 9,963,526.25 4.125 4.294 637 10/31/2027 12/14/2023 13,000,000.00 13,566,670.00 13,340,050.50 5.250 4.143 1,018 11/15/2028 09/20/2024 2,000,000,00 1,996,260.00 2,009,136.70 3.625 3.437 1,307 08/31/2029 10/10/2025 5,000,000.00 5,178,150.00 5,191,948.30 4.625 3.664 1,702 09/30/2030 30,000,000.00
30,838,380.00 30,504,661.75

4.064 1,029
Municipal Bonds
04052AEL6 618 AZ Industrial Development Auth
13063EHU3 614 CA State Gen Obligation AA2
:un Date: 02123/2026 - 14:20
11/12/2025
10/10/2025
1,000,000.00
5,000,000.00
1,010,420.00
5,197,150.00
1,014,369.98 4.709 4.222 1,338 10/01/2029
5,231,337.31 4.875 3.708 1,673 09/01/2030
Portfolio CITY
AP
Pa eR 2)f1723

Council Meeting Agenda- April 16, 2026
CUSIP
Investment # Issuer
Subtotal and Average
The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date
Stated YTM Days to
Par Value Market Value Book Value Rate Fitch 360 Maturity

Page 3 ends

6,247,827.43
6,000,000.00 6,207,570.00 6,245,707.29 3.792 1,619
Total and Average 80,738,816.16
un Date: 02/23/2026 - 14:20
92,776,507.19 93,740,984.82 93,535,668.59 3.462 636
Portfolio CITY
AP
PaeRF2S2o'f•1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value
11,433.45
2014, 2015, 2016, 2020 Series
Portfolio Management
Portfolio Summary
January 31, 2026
Market
Value
11,433.45
11,433.45 11,433.45
Book % of
Value Portfolio
11,433 45 100.00
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Term Maturity 360 Equiv. 365 Equiv.
1 1 0.000 0.000
11,433.45 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Return
January 31 Month Ending

0.00 11,398.83

0.00%
Kevin cCarthy, Agency Try-urer
Reporting period 01/01/2026-01/31/2026
Run Date: 03/25/2026 - 21:22
No fiscal year history available
Portfolio 14A
CP
PageF26)of1723

Council Meeting Agenda- April 16, 2026
CUSIP
Investment # Issuer
2014, 2015, 2016, 2020 Series
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date Money Market Sweep/Checking Account
SYS28 28 2014A Bonds Reserve
SYS26 26 All Bond Series Principal
SYS25 25 All Bond Series Interest
SYS27 27 All Bond Series Debt Svc
SYS24 1 Cost Of Issuance Escrow
Subtotal and Average
07/01/2023
07/01/2023
07/01/2023
07/01/2023
07/01/2023

0.00 7,784.95
3,648.05

0.45 0.00

0.00 7,784.95
3,648.05

0.45 0.00

0.00 7,784.95
3,648.05

0.45 0.00
11,398.83 11,433.45
11,433.45 11,433.45

0.000 1
0000 1

0.000 1

0.000 1
Total and Average
'.un Date: 03/25/2026 - 21:22
11,398.83 11,433.45
11,433.45 11,433.45

0.000 1
Portfolio 14A
CP
Pali R272)O 11723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value

1.00 2015 A Bonds
Portfolio Management
Portfolio Summary
January 31, 2026
Market
Value

1.00 Book % of
Value Portfolio

1.00 100.00
Term

1.00 1.00 1.00 100.00% 1
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.
1 0.000 0.000
1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Return
January 31
Kevin McCarthy, Agengg reasurer
Reporting period 0110112026-01/3112026
Run Date: 03/25/2026 - 21:24
Month Ending

0.00 1.00

0.00%
No fiscal year history available
Portfolio 15A
CP
P o��7©fi 723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
2015 A Bonds
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date Money Market Sweep/Checking Account
SYS27
SYS22
27 2015 A Reserve
22 UBC Cost Of Issuance Escrow
Subtotal and Average
07/01/2023
07/01/2023

1.00 1.00 1.00

0.00 0.00 0.00

1.00 1.00

0.000 1

0.000 1
Total and Average
.un Date: 03/25/2026 - 21:24

1.00 1.00

0.000 1
Portfolio 15A
CP
PageRF24))0f1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Par
Value
2016 A Bonds
Portfolio Management
Portfolio Summary
January 31, 2026
Market
Value
Book % of
Value Portfolio
Term
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.

Money Market Sweep/Checking Account
Investments

1.00 1.00

1.00 1.00
1-00 100.00

1.00 100.00%
1 1

0.000 0.000
1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Return
January 31
Month Ending

0.00 1.00

0.00%
Kevin McCarthy, Age Treasurer
Reporting period 01/01/2026-01/31/2026
Run Date: 03/25/2026 - 18:26
No fiscal year history available
Portfolio 16A
CP
Pie- O 7ef 723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
2016 A Bonds
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date Money Market Sweep/Checking Account
SYS28 1 UBC Cost Of Issuance Escrow 07/01/2023
SYS33 2 Union Bank Reserve Account 07/01/2023
Subtotal and Average

0.00 0.00 0.00
1 00 1.00 1.00

1.00 1.00

0.000 1

0.000 1
Total and Average
:un Dale: 03/25/2026 - 18:26

1.00 1.00

0.000 1
Portfolio 16A
CP
PargrF3l) th 1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value

1.00 2020 A Bonds
Portfolio Management
Portfolio Summary
January 30, 2026
Market
Value

1.00 1.00 1.00
Book % of
Value Portfolio

1.00 100.00
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Term Maturity 360 Equiv. 365 Equiv.
1 1 0.000 o.000

1.00 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effec - - a = of Return
January 30 Month Ending

0.00 1.00

0.00%
Treasuer
Reporting period 01101/2026-0113012026
Run Date: 03/25/2026 - 18:17
No fiscal year history available
Portfolio 20A
CP
PM (PRF_PM1) 7 311
Pager 3321 of 723

CUSIP
Investment # Issuer
Money Market Sweep/Checking Account
SYS1
SYS2
2020 A Bonds COI
2 2020 A Bonds Reserve
Subtotal and Average
2020 A Bonds
Portfolio Management
Portfolio Details - Investments
January 30, 2026
Average Purchase
Balance Date
07/01/2023
07/01/2023
Par Value
Council Meeting Agenda- April 16, 2026

Page 1 ends

Stated YTM Days to Maturity
Market Value Book Value Rate Fitch 365 Maturity Date
o.00 o.00 o.00

1.00 1.00 1.00

1.00 1.00

0.000 1

0.000 1
Total and Average
Run Date: 03/25/2026 - 16:17

1.00 1.00

0.000 1
Portfolio 20A
CP
PM (PRF_PM2) 7 3.11
Pacirt Ve er 7.3 33 11of 723
Re

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value
2,370,678 59
2,370,678.59
2022 Bonds
Portfolio Management
Portfolio Summary
January 31, 2026
Market
Value
2,370,678.59
Book % of
Value Portfolio
2,370,678.59 100.00
2,370,678.59 2,370,678.59 100.00%
Term
1 City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.

0.000 0.000
1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Return
January 31
Month Ending

0.00 2,363,500.68

0.00%
Kevin McCarthy, AgEr cy Treasuer
Reporting period 01/01/2026-01/31/2026
Run Date: 03/25/2026 - 21:34
No fiscal year history available
Portfolio 22
CP
P ort344) f1723

Council Meeting Agenda- April 16, 2026
CUSIP Investment # Issuer
Money Market Sweep/Checking Account
SYS2 2 2022 Bonds COI
SYS4 4 2022 Bonds Interest
SYS1 1 2022 Bonds Project Fund
SYS5 5 2022 Bonds Redemption Fund
SYS3 3 2022 Bonds Payment Fund
2022 Bonds
Portfolio Management
Portfolio Details - Investments
January 31, 2026
Average Purchase
Balance Date
Subtotal and Average 2,363,500.68
07/01/2023
07/01/2023
07/01/2023
07/01/2023

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date o.00
628.97
2,369,565.37
484.24

0.01 2,370,678.59
OO
628.97
2,369,565.37
484.24

0.01 o.00
628.97
2,369,565.37
484.24

0.01 2,370,678.59 2,370,678.59

0.000 1

0.000 1
Total and Average 2,363,500.68
:un Date: 03/25/2026 - 21:34
2,370,678.59
2,370,678.59 2,370,678.59

0.000 1
Portfolio 22
CP
PageRF3'S>Of11723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS CITY COUNCIL
April 16, 2026
To: City Council
From: Finance Department
Prepared by: Amy Dallosta, Accountant
Subject: City Treasurer's Report for February 2026
RECOMMENDED ACTIONS:

Council RECEIVES and FILES the City Treasurer's Report for February 2026; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

DISCUSSION:

This report comprehensively analyzes the City of Indian Wells' cash and investment position as of February 28, 2026. The city maintains a robust investment strategy, focusing on prudence, liquidity, and compliance with legal requirements. The Treasurer's certification ensures adherence to the city's investment policy and compliance with the State of California Government Code section 53600.

Financial Snapshot:

As of February 28, 2026:
• Total cash and investments: $92,875,598.51
• Portfolio rate of return: 3.517%
Treasurer's Certification:

Page 36 of 723 ends

Council Meeting Agenda- April 16, 2026
Fiscal Prudence:

BACKGROUND:

Investment Strategy:

FISCAL IMPACT:

The investment portfolio generated $82,728.03 in earnings for February 2026. The investment strategy aims for consistent returns throughout budgetary and economic cycles, reflecting prudent risk management. Moreover, the strategy's success in consistently generating returns reflects its adaptability to changing market conditions. As economic cycles fluctuate, the city's investment approach remains resilient, adjusting to dynamic financial landscapes to optimize safety and yield.

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA):

ATTACHMENTS:

1. City Treasurer's Report

Page 37 of 723 ends

Council Meeting Agenda- April 16, 2026
ATTACHMENT #1
NET CASH & INVESTMENT SUMMARY FEBRUARY 2026

UNRESTRICTED FUNDS

GENERAL FUND
101- GENERAL

TOTAL GENERAL FUND

RESTRICTED FUNDS

TOTAL SPECIAL REVENUE FUNDS

TOTAL CAPITAL PROJECT FUNDS
February
2026
February
2025
$ 15,171,585.84 $ 25,098,681.70
15,171,585.84 25,098,681.70

0.00 17,893.79

0.00 6,372.75

0.00 18,300.52
1,298,527.11 829,849.97
23,268.03 19,061.32

0.00 20,764.77

0.00 2,174.21

0.00 0.00

0.00 535.39

0.00 0.00

0.00 9,771.81
7,638,112.12 5,935,772.62
220,076.11 275,242.22
47,244.64 59,532.55
24,071.84 20,881.74
219,946.81 43,609.18
262,456.64 256,215.94
766,944.90 434,353.63
148,461.76 124,078.42
33,609.89 23,395.70
1,360.00 1,530.00
1,437.50 1,523.00
472,837.79 383,395.78
97,896.55 58,749.55
156,637.90 129,306.70
65,801.60 57,167.21
1,479.50 1,982.00
151,881.78 123,122.32
62,000.48 51,456.61
336,201.81 287,091.65
49,820.04 42,614.51
50,329.88 41,139.58
165,700.74 124,413.28
1,502.00 1,545.00
109,308.50 104,781.00
648,090.75 606,990.39
13,055,006.67 10,114,615.11

0.00 0.00

0.00 16,337,984.89
818,505.19

0.00 0.00

0.00 0.00
10,306,915.30
697,763.30

0.00 17,156,490.08 11, 004, 678.60

Page 38 of 723 ends

Council Meeting Agenda- April 16, 2026

CITY OF INDIAN WELLS
NET CASH & INVESTMENT SUMMARY FEBRUARY 2026
PAGE 2
RESTRICTED FUNDS (Cont.)

TOTAL REPLACEMENT FUNDS

SUCCESSOR AGENCY FUNDS
453 - DEBT SERVICE
456 - RDA OBLIGATION RETIREMENT

TOTAL SUCCESSOR AGENCY FUNDS

FINANCING AUTHORITY FUNDS
460 - INDIAN WELLS FINANCING AUTHORITY

TOTAL FINANCING AUTHORITY FUNDS

ENTERPRISE FUNDS
560 - INDIAN WELLS GOLF RESORT

TOTAL ENTERPRISE FUNDS

INTERNAL SERVICE FUNDS
601 - INTERNAL TRUST FUND

TOTAL INTERNAL SERVICE FUNDS

RESERVE FUNDS
602 - COMPENSATED ABSENCES

TOTAL RESERVE FUNDS

TRUST & AGENCY FUNDS
732 - SPECIAL DEPOSITS

TOTAL TRUST & AGENCY FUNDS

TOTAL ALL FUNDS

TOTAL FISCAL AGENTS

TOTAL ALL FUNDS & FISCAL AGENTS
February
2026
2,869,522.80
2,645,354.00
2,237,333.07
1,449,324.00
1,305,358.00
1,248,044.00
19,833,081.00
783,195.00
930,140.00
33,301,351.87
5,041,833.43

0.00 February
2025
2,449,729.80
2,236,965.00
1,849,703.07
1,101,785.00
965,145.00
910,748.00
18,550,255.00
469,546.00
621,905.00
29,155,781.87
4,849,660.93

0.00 5,041,833.43
4,849,660.93
66,005.39 668,797.06
66,005.39 668,797.06
3,091,943.15
3,091,943.15
3,921,253.84
3,921, 253.84
2,101,350.22
2,101,350.22
2,366,037.99
2,366,037.99

0.00 0.00

0.00 0.00
431,307.53 485,842.04
431,307.53 485,842.04
91c236,777.80 85,845,445.52
95,907.89
189,080.13
951,362.31
2,377,906.96
3,626,391.73
7,521,572.34
14,762,221.36
93,944.58
247,313.83
1,031,242.76
4,894,769.26
2,039,777.19
11,474,183.31
19,781, 230.93
$ 105,998,999.16 $ 105,626,676.45

Page 39 of 723 ends

City of Indian Wells
Bank Reconciliation Report - City Held Cash
Finance Department
ounce
ee ing gen a- April 1 02
MONTHt Febn! 28, 2026
Investment # Investtent Type
Bank Checking & Sweep
1 2
3 6
7 8
9 10
19 Managed Pool Accounts
21 Certificates of Deposit
548
550
557
558
561
562
573
574
575
585
586
587
588
589
590
591
592
597
598
599
607
609
Medium Term Corporate Notes
549
556
576
611
616
617
Federal Agency Issues
542
544
546
551
559
560
563
566
605
Treasury Securities
593
594
610
615
Municipal Bonds
614
618
Outstanding items
Total Outstanding Items
Investment Description
Banc of California Bank
Banc of California Bank
Banc of California Bank
Banc of California Bank
Banc of California Bank
US Bank Money Market -
US Bank Money Market -
US Bank Money Market -
Petty Cash
- Sweep ""-"1117
- Accts. Payable **-**3411
- Payroll **-**1752
- Ambulance **-****7937
- Public Funds MMA **-****5064
Investment
4590
4591
Local Agency Investment Fund - City 98-33-385
Certificate of Deposit -Toyota Financial Sgs Bank 89235MKY6 Certificate of Deposit-Greenstate Credit Union 39573LBL1 Certificate of Deposit -Pentagon Federal Credit Union 70962LAS1 Certificate of Deposit-Nelnet Bank, Inc 64034KAG6
Certificate of Deposit -Beal Bank 07371AYE7
Certificate of Deposit -Beal Bank USA 073710E88
Certificate of Deposit -Capital One NA 14042RUJ8
Certificate of Deposit -Austin Telco Fed Credit Union 052392BT3 Certificate of Deposit -Synchrony Bank 87164XR65
Certificate of Deposit -Liberty First Credit Union 530520AK1 Certificate of Deposit -First Guaranty Bank Hammond LA
Certificate of Deposit -Medallion Bank Utah 58404DSW2
Certificate of Deposit -Pitney Bowes Bank 724468AG8
Certificate of Deposit -Bank Five Nine 062119CD2
Certificate of Deposit -First Foundation Bank 32026UW51 Certificate of Deposit -Summit National Bank 86616RAG0
Certificate of Deposit -First National Bank of America 32110YD93 Certificate of Deposit -Morgan Stanley Private Bank 61768ET29 Certificate of Deposit -Cross River Bank 227563EX7
Certificate of Deposit -Universal Bank and Trust Co 91527PCF2 Certificate of Deposit -Sallie Mae 795451DM2
Certificate of Deposit -Leaders Credit Union 52171MAN5
Bank of America MTN 06048WM31
Bank of America MTN 06048WM72
John Deere Capital Corp 24422EWR6
Toyota Motor Credit Corp 89236TMK8
BMO Bank A2 06376FEC9
RBC Bank M- 78014RM31
Fed, Farm Credit Bank 3130A1162
Fed. Farm Credit Bank 3130ALMM3
Fed. Farm Credit Bank 3130ALW67
Fed. Farm Credit Bank 3130AMW57
Fed. Home Loan Bank 3130AQWF6
Fed. Home Loan Bank 3130AQWJ8
Fed. Home Loan Bank 3130AQZ55
Fed. Home Loan Bank 3130ARGE5
Fed.Home Loan Bank 3130B1UH8
United States Treasury Bill 91282CFU0
United States Treasury Bill 912810FF0
United States Treasury Bill 91282CLK5
United States Treasury Bill 91282CHZ7
CA State Gen Obligation AA2 13063EHU3
AZ Industrial Development Auth 04052AEL6
Total Pooled Cash and Investments
Fair Value Increase (over cost)
Warrants/Wire Transfers Oustanding (Bank)
Deposits in Transit
Credit Card in Transit
Reconciled Bank Balance
Book Value
2,790,258.56

0.00 0.00

0.00 423,626.72

0.00 4,912,069.50
690,874.46
2,000.00
21,852,653.25
250,000.00
250,000.00
249,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
249,000.00
249,000.00
249,000.00
244,000.00
249,000.00
244,000.00
249,000.00
249,000.00
244,000.00
244,000.00
249,000.00
244,000.00
249,000.00
1,000,000.00
1,000,000.00
1,010,334.36
998,048.69
2,000,000.00
2,000,000.00
1,000,000,00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
9,965,129.49
13,330,697.44
2,008,940.96
5,188,790.51
5,227,131.18
1,014,043.39
8,818,829.24
21,852,653.25
5,461,000.00
8,008,383.05
(1,705,602.69)
135.00
5,676.18
1Z000,000,00
30,493,558.40
6,241,174.57
9Z875,598.5
60,970.80
(1,699,791.51)
$ 91,236,777.80
General r Balance
91e236,777.80
�agc 40 of°723
91912029.530 PM hops Mndianwells sherepor, corn/Finance Common/bank/bank reconciliabon ry26/8-Feb 26/2025-2_RPT_Feb Bank Rec1FetT26 pooled -AFTER JRNL 2-1

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Par
Value
The City of Indian Wells
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value
Book % of
Value Portfolio
Term
Days to
Maturity
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489

YTM YTM
360 Equiv. 365 Equiv.

23.53 9.50

5.88 8.62

12.92 32.83

6.72 1
1 1,824
1,800
1,825
1,678

1.727
100.00% 1,166
1 1
728
1,118
359
1,001
1,591

3.818 3.871

2.517 2.552

2.871 2.911

3.490 3.538

2.108 2.137

4.064 4.121

3.792 3.845
621 3.469 3.517
Total Earnings
Current Year
Average Daily Balance
Effective Rate of Retum
The abo - i tments are consistant with the City's investment policy and allowable under current legislation of the State of California. Investments were purchased using safety, liquidity, and yield as criteri. I - edit, ash flow from revenue and maturing investments will be sufficient to cover expenditures for the next six months. All securities are "Marked -to -Market" on a monthly basis.

February 28 Month Ending
261,297.81
93,433,088.77

3.65%
Kevin McCart y, Finance Di 3 or
Reporting period 02101/2026-02/28/2026
Run Date: 04/06/2026 - 15:00
No fiscal year history available
Portfolio CITY
AP
P po�l>7efi 723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
Average
Balance
The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Purchase
Date
Managed Pool Accounts - LAIF
SYS21 21
SYS23 23
LAIF - City
LAIF - Redevelopment
Subtotal and Average 21,852,653.25
Par Value
21,852,653.25

0.00 Market Value
21,852,653,25

0.00 Stated
Book Value Rate

Page 1 ends

YTM Days to Maturity
Fitch 360 Maturity Date
21, 852,653.25

0.00 21,852,653.25 21,852,653.25
21,852,653.25

3.871

0.233

3.818 1

0.230 1

3.818 1
Money Market Sweep/Checking Account
SYS1
SYS6
SYS7
SYS8
SYS10
SYS9
SYS2
SYS3
SYS4
SYS19
SYS5
1 Banc of CA
6 Banc of CA -Ambulance
7 Banc of CA-PublicFundsMMA
8 US Bank Money Market
10 US Bank Money Market -4591
9 US Bank Money Market -4590
2 Banc of CA- Acct Payable
3 Banc of CA -Payroll
4 Union Bank -Checking
19 Petty Cash
5 WestAmerica Bank
Subtotal and Average 8,475,567.34
07/01/2023
07/01/2023
07/01/2023
07/01/2023
07/01/2023
07/01/2023
2,790,258.56
o.00
423,626.72
000
690,874.46
4,912,069.50

0.00 0.00

0.00 2,000.00

0.00 2,790,258.56

0.00 423,626.72

0.00 690,874.46
4,912,069.50

0.00 0.00

0.00 2,000.00

0.00 2,790,258.56 0.250

0.00 423,626.72 4.050

0.00 690,874.46 3.560
4,912,069.50 3.590

0.00 0.00

0.00 0.200
2,000.00

0.00 8,818,829.24 8,818,829.24
8,818,829.24

0.247

0.000

3.995

0.000

3.511

3.541

0.000

0.197

0.000

2.517 1
Negotiable CD's
D52392BT3
062119CD2
07371AYE7
073710E88
14042RUJ8
227563EX7
320437AD8
32110YD93
32026UW51
39573LBL1
52171MAN5
530520AK1
58404DSW2
61768ET29
64034KAG6
70962LAS1
724468AG8
795451 DM2
86616RAG0
un Dale: 04/06/2026 - 15:00
574 Austin Telco Fed Credit Union
589 Bank Five Nine
561 Beal Bank - Plano TX
562 Beal Bank USA
573 Capital One NA
598 Cross River Bank
586 First Guaranty Bank Hammond LA
592 First National Bank of America
590 First Foundation Bank
550 Greenstate Credit Union
609 Leaders Credit Union
585 Liberty First Credit Union
587 Medallion Bank Utah
597 Morgan Stanley Private Bank
558 Nelnet Bank, Inc.
557 Pentagon Federal Credit Union
588 Pitney Bowes Bank Inc.
607 Sallie Mae
591 Summit National Bank
09/21/2022
07/31/2023
02/23/2022
02/23/2022
09/21/2022
03/07/2024
08/11/2023
08/16/2023
08/16/2023
06/16/2021
08/30/2024
08/11/2023
07/31/2023
03/06/2024
02/02/2022
09/29/2021
07/31/2023
07/26/2024
08/16/2023
250,000.00
249,000,00
250,000.00
250,000.00
250,000.00
244, 000.00
249,000.00
249,000.00
244,000.00
250,000.00
249,000.00
249,000.00
249,000.00
244,000.00
250,000.00
249,000.00
244,000.00
244,000.00
249,000.00
250,027.50 250,000.00 3.800
252,749.94 249,000.00 4.500
245,640.00 250,000.00 1.900
245,640.00 250,000.00 1.900
250,320.00 250,000.00 3.900
246,854.80 244,000.00 4.250
252,861.99 249,000.00 4,500
256,235.94 249,000.00 4.450
247,413.56 244,000.00 4.450
247,885.00 250,000.00 0.900
250,172.79 249,000.00 4.000
255,215.04 249,000.00 4.700
252,269.37 249,000.00 4.400
247,542.88 244,000.00 4.350
244,857.50 250,000.00 1.500
244,831.74 249,000.00 0.900
247,093.92 244,000.00 4.400
247,374.52 244,000.00 4.300
254,652.30 249,000.00 4.500

3.748

4.438

1.874

0.000

4.192

4.438

4.394

0.000

0.888

3.945

4.641
4,406

4.290

1.479

0.888

0.000

4.241

4.443
569 09/21/2027
880 07/28/2028
353 02/17/2027
353
569
1,102
887
898
892
107
1,278
890
863
1,101
338
212
883
1,241
893
02/17/2027
09/21/2027
03/07/2029
08/04/2028
08/15/2028
08/09/2028
06/16/2026
08/30/2029
08/07/2028
07/31/2028
03/06/2029
02/02/2027
09/29/2026
07/31/2028
07/24/2029
08/10/2028
Portfolio CITY
AP
P F )10f1723

Council Meeting Agenda- April 16, 2026
CUSIP
Investment #
Issuer
Average
Balance
The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Purchase
Date
Par Value
Negotiable CD's
87164XR65
B9235MKY6
91527PCF2
575 Synchrony Bank
548 Toyota Financial Sgs Bk
599 Universal Bank and Trust Co.

Subtotal and Average
5,461,000.00
09/23/2022
04/22/2021
03/13/2024
250,000.00
250,000.00
249,000.00
Market Value
250,505.00
248,917.50
252,032.82
Stated
Book Value Rate

Page 2 ends

YTM Days to Maturity
Fitch 360 Maturity Date
250,000.00 3.950
250,000.00 0.900
249,000.00 4.250
5,461,000.00 5,491,094.11
5,461,000.00

3.896 571 09/23/2027

0.888 52 04/22/2026
4 192 1,108 03/13/2029

2.871 728
Medium Term Corporate Notes
06048WM31
D6048 W M72
06376FEC9
24422E W R6
78014RM31
B9236TMK8
549 Bank of America MTN A
556 Bank of America MTN A
616 BMO Bank A2
576 John Deere Capital Corp
617 RBC Bank AA -
611 Toyota Motor Credit Corp
Subtotal and Average
8,901,450.69
05/28/2021
07/30/2021
10/15/2025
05/18/2023
10/17/2025
11/06/2024
1,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
993,520.00
985,870.00
1,999, 700.00
1,021,270.00
2,000,640.00
1,022,400.00
8,000,000.00 8,023,400.00
1,000,000.00 1.250
1,000,000.00 1.200
2,000,000.00 4.300
1,010,334.36 4.750
2,000,000.00 4.250
998,048.69 4.550
8,008,383.05

1.233 88 05/28/2026

1.184 151 07/30/2026

4.241 1,689 10/15/2030

4.083 690 01/20/2028

4.192 1,691 10/17/2030

4.549 1,257 08/09/2029

3.490 1,118
Federal Agency Issues - Callables
3130ALJ62
3130ALMM3
3130ALW67
3130AMW57
3130AQW F6
3130AQWJ8
3130AQZ55
3130ARGE5
3130B1UH8
542
544
546
551
559
560
563
566
605
Fed.

Fed.

Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Home Loan Bank
Subtotal and Average
12,000,000.00
03/24/2021
03/30/2021
04/22/2021
06/30/2021
02/25/2022
02/24/2022
03/10/2022
04/21/2022
07/03/2024
1,000,000.00
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
Treasury Securities
91282CFU0 593 U.S. Treasury
912810FF0 594 U.S. Treasury
91282CLK5 610 U.S. Treasury
91282CHZ7 615 U.S. Treasury
Subtotal and Average
30,498,911.80
12/12/2023
12/14/2023
09/20/2024
10/10/2025
12,000,000.00
10,000,000.00
13,000,000.00
2,000,000.00
5,000,000.00
998,240.00 1,000,000.00 0.875
1,995,780.00 2,000,000.00 1.000
996,310.00 1,000,000.00 1.100
1,989,400.00 2,000,000.00 2.000
985,760.00 1,000,000.00 2.150
984,260.00 1,000,000.00 2.050
989,310.00 1,000,000.00 2,500
992,380.00 1,000,000.00 3.000
2,007,260.00 2,000,000.00 5.000
11,938,700.00 12,000,000.00

0.863 23 03/24/2026

0.986 29 03/30/2026

1.085 52 04/22/2026

0.972 121 06/30/2026

2.121 361 02/25/2027

2.022 360 02/24/2027

2.466 374 03/10/2027

2.959 416 04/21/2027

4.932 1,213 06/26/2029

2.108 359
30,000,000.00
10,112,100.00 9,965,129.49
13, 625,170.00 13, 330,697.44
2,012,500.00 2,008,940.96
5,234,950.00 5,188,790.51
30,984,720.00 30,493,558.40

4.125

5.250

3.625

4.625

4.294

4.143

3.437

3.664
609 10/31/2027
990 11/15/2028
1,279 08/31/2029
1,674 09/30/2030

4.064 1,001
Municipal Bonds
04052AEL6 618 AZ Industrial Development Auth
13063EHU3 614 CA State Gen Obligation AA2
Subtotal and Average
'.un Date: 04/06/2026 - 15:00
6,243,505.68
11/12/2025
10/10/2025
1,000,000 00
5,000,000.00
6,000,000.00
1,022,040.00 1,014,043.39
5,250,200.00 5,227,131.18
6,272,240.00 6,241,174.57

4.709

4.875

4.222 1,310 10/01/2029

3.708 1,645 09/01/2030

3.792 1,591
Portfolio CITY
AP
Pagew4Rl of 1723

Council Meeting Agenda- April 16, 2026
CUSIP
Investment # Issuer
The City of Indian Wells
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date
Stated YTM Days to
Par Value Market Value Book Value Rate Fitch 360 Maturity

Page 3 ends

Total and Average 93,433,088.77
:un Date: 04/06/2026 - 15:00
92,132,482.49
93,381,636.60 92,875,598.51 3.469 621
Portfolio CITY
AP
P F 4 of1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value
951, 353.31
2014, 2015, 2016, 2020 Series
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value
951,35331
951,353.31 951,353.31
Book % of
Value Portfolio
951,353.31 100.00
951,353.31 100.00%
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Term Maturity 360 Equiv. 365 Equiv.
1 1 0.000 0.000
1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective R e . f Return
Kevin M
February 28 Month Ending

0.00 45,002.02

0.00%
a y, Agency Tr: -surer
Reporting period 02/01/2026-02/28/2026
Run Date: 04/06/2026 - 18:12
No fiscal year history available
Portfolio 14A
CP
P 45) 7af1 723
-Report

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
Money Market Sweep/Checking Account
SYS28 28 2014A Bonds Reserve
SYS26 26 All Bond Series Principal
SYS25 25 All Bond Series Interest
SYS27 27 All Bond Series Debt Svc
SYS24 1 Cost Of Issuance Escrow
Subtotal and Average
2014, 2015, 2016, 2020 Series
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date 07/01/2023 0.00
07/01/2023 7,808.69
07/01/2023 943,544.17
07/01/2023 0.45
07/01/2023 0.00
45,002.02 951,353.31

0.00 7,808.69
943,544.17

0.45 0.00

0.00 7,808.69
943,544.17

0.45 0.00
951,353.31 951,353.31

0.000 1

0.000 1
Total and Average
'.un Date: 04/06/2026 - 18:12
45,002.02 951,353.31
951, 353.31 951,353.31

0.000 1
Portfolio 14A
CP
P > of1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value

1.00 2015 A Bonds
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value

1.00 1.00 1.00
Book % of
Value Portfolio

1.00 100.00
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Term Maturity 360 Equiv. 365 Equiv.
1 1 0.000 0.000

1.00 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effecti - a of Return
February 28 Month Ending

0.00 1.00

0.00%
Kevi McC-rl y. Agency i-asurer
Reporting period 02101/2026-0212812026
Run Date: 04/06/2026 - 18:14
No fiscal year history available
Portfolio 15A
CP
Pacge7 7of1723
Report Ver. 7.3.11

Council Meeting Agenda- April 16, 2026
CUSIP Investment # Issuer
2015 A Bonds
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date
Par Value Market Value
Stated

Page 1 ends

YTM Days to Maturity
Book Value Rate Fitch 365 Maturity Date
Money Market Sweep/Checking Account
SYS27
SYS22
27 2015 A Reserve
22 UBC Cost Of Issuance Escrow
Subtotal and Average
07/01/2023
07/01/2023

1.00 1.00 1.00
o.00 o.00 o.00

1.00 1.00

0.000 1

0.000 1
Total and Average
'.un Date: 04/06/2026 - 18:14

1.00 1.00

0.000 1
Portfolio 15A
CP
Pius , 7of1 723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Par
Value
2016 A Bonds
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value
Book % of
Value Portfolio
Term
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.

Money Market Sweep/Checking Account
Investments

1.00 1.00

1.00 100.00 1 1 0.000 0.000

1.00 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effectiv ' of Return
Kevin McC
hy. Agency easurer
February 28 Month Ending _

0.00 1.00

0.00%
Reporting period 02/01/2026-02/28/2026
Run Date: 04/06/2026 - 16:16
No fiscal year history available
Portfolio 16A
CP
Pa�er497.of 723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
2016 A Bonds
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date

Page 1 ends

1.00 1.00 1.00

1.00 1.00

0.000 1

0.000 1
o.000 1
Total and Average
:un Date: 04/06/2026 - 18:16

1.00 1.00

0.000 1
Portfolio 16A
CP
Peie , o.f1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALI FO RN IA
Investments
Money Market Sweep/Checking Account
Investments
Par
Value

1.00 2020 A Bonds
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value

1.00 1.00 1.00
Book % of
Value Portfolio

1.00 100.00
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Term Maturity 360 Equiv. 365 Equiv.
1 1 0.000 0.000

1.00 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effective. - e f Return
Kevin
February 28 Month Ending

0.00 1.00

0.00%
Reporting period 02/01/2026-02/28/2026
Run Date: 04/06/2026 - 18:25
No fiscal year history available
Portfolio 20A
CP
Rages 517of 723

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Issuer
2020 A Bonds
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date

Page 1 ends

Stated YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date Money Market Sweep/Checking Account
SYS1 1
SYS2 2
2020 A Bonds COI
2020 A Bonds Reserve
Subtotal and Average
07/01/2023
07/01/2023

0.00 0.00 0.00

1.00 1.00 1.00

1.00 1.00

0.000 1

0.000 1
Total and Average
'.en Date: 04/06/2026 - 18:25

1.00 1.00

0.000 1
Portfolio 20A
CP
P FD) of 1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS

CALIFORNIA
Investments
Par
Value
2022 Bonds
Portfolio Management
Portfolio Summary
February 28, 2026
Market
Value
Book % of
Value Portfolio
Term
City of Indian Wells
44-950 Eldorado Drive
Indian Wells CA 92210
(760)346-2489
Days to YTM YTM
Maturity 360 Equiv. 365 Equiv.

Money Market Sweep/Checking Account
Investments
2,377,906.96 2,377,906.96
2,377,906.96 2,377,906.96
2,377,906.96 100.00
1 0.000 0.000
2,377,906.96 100.00% 1 1 0.000 0.000
Total Earnings
Current Year
Average Daily Balance
Effec iv R. e f Return
Kevin c a ,-• gency Tr
r
February 28 Month Ending
Reporting period 0210112026-02/28/2026
Run Date: 04/06/2026 - 18:22

0.00 2,370,936.75

0.00%
No fiscal year history available
Portfolio 22
CP
P&tl 1377.3.11 723
-Report

Council Meeting Agenda- April 16, 2026
CUSIP Investment #
Money Market Sweep/Checking Account
SYS2
SYS4
SYS1
SYS5
SYS3
Issuer
2 2022 Bonds COI
4 2022 Bonds Interest
1 2022 Bonds Project Fund
5 2022 Bonds Redemption Fund
3 2022 Bonds Payment Fund
2022 Bonds
Portfolio Management
Portfolio Details - Investments
February 28, 2026
Average Purchase
Balance Date
Subtotal and Average 2,370,936.75
07/01/2023
07/01/2023
07/01/2023
07/01/2023
Stated

Page 1 ends

YTM Days to Maturity
Par Value Market Value Book Value Rate Fitch 365 Maturity Date

0.00 630.89
2,376,790.34
485.72

0.01 2,377,906.96

0.00 630.89
2,376,790.34
485.72

0.01 0.00
630.89
2,376,790.34
485.72

0.01 2,377,906.96 2,377,906.96

0.000 1

0.000 1
o.000 1

0.000 1
Total and Average 2,370,936.75
:un Date: 04/06/2026 - 18:22
2,377,906.96
2,377,906.96 2,377,906.96

0.000 1
Portfolio 22
CP
PagIFi4i of 1723

Council Meeting Agenda- April 16, 2026

INDIAN WELLS CITY COUNCIL
April 16, 2026
To: City Council
From: Community Development Department
Prepared by: Luis Rubalcava, Senior Planner
Subject: General Plan Housing Element Annual Progress Report and Low Moderate Income Housing Asset Fund Summary Report
for 2025

RECOMMENDED
ACTIONS:

Council RECEIVES and FILES the General Plan Housing Element Annual Progress Report and Low -Moderate Income Housing Asset Fund Addendum for 2025; and DIRECTS Staff to submit the Annual Progress Report and Low -Moderate Income Housing Asset Fund Addendum to the Governor's Office of Land Use and Climate Innovation and the California Department of Housing and Community Development; and FINDS that the action is exempt from review under the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3).

BACKGROUND:

Per California Government Code Section 65400(a)(2)(B), each City Planning agency is required to prepare a Housing Element Annual Progress Report ("APR") regarding the status of the Housing Element of their General Plan. The APR identifies progress made in implementing policies in the Housing Element, using the forms and definitions adopted by the California Department of Housing and Community Development ("HCD").

The Housing Element is used to identify the community's projected housing needs and to establish policies to support the further development of all housing types, including affordable housing, within the City. All California municipalities are required to adopt a Housing Element as part of their General Plan, which is subject to detailed statutory requirements and mandatory review and certification by HCD.

Attachment No. 1 provides the Housing Element APR for calendar year 2025 and addresses the City's progress in meeting the City's Regional Housing Needs Assessment ("RHNA") allocation for the 2021-2029 planning period (6th Housing Cycle) identified in the Adopted Housing Element of the City's General Plan. It also describes the actions

Page 55 of 723 ends

Council Meeting Agenda- April 16, 2026
taken towards completion of the programs, and the status of compliance with the timeframes outlined in the Housing Element.

In accordance with California Health and Safety Code § 34176.1, Attachment No. 2 provides an annual summary of use and expenditures of the City's Low Moderate Income Housing Asset Fund ("LMIHAF") and disposition of Housing Authority lands.

DISCUSSION:

RHNA Progress
HCD is responsible for determining the regional housing need for each region's metropolitan planning organization (MPO). The MPO then distributes these needs among its jurisdictions through a RHNA plan. RHNA ensures that each city and county receives its "fair share" of projected housing development across income groups. Managed by the Southern California Association of Governments ("SCAG"), the City's regional MPO, the RHNA allocated 382 housing units to Indian Wells across various income levels for the 6th Housing Cycle, covering projected housing needs from October 15, 2021, to October 15, 2029.

The following table, identified in the City's Certified Housing Element, represents the RHNA allocation broken down by unit income levels:

Income Level
Unit No.

Distribution
Extremely Low
58 15.2%
Very Low
59 15.4%
Low
81 21.2%
Moderate
91 23.8%
Above Moderate
93 24.3%
Total
382
100.0%
As provided in the APR (Attachment No. 1), the individual tables provide the City's data regarding application, permitting, and construction activities that support the goals of the 6t" Housing Cycle, and specifically for the 2025 reporting period, as follows:
• The summary page of the APR summarizes the City's overall performance for the 2025 APR reporting year. The City reported a total of 15 Applications, 13 Building Permits, and 11 certificates of occupancy issued for Singel Family Detached (SFD) units and Accessory Dwelling Units (ADU) during the 2025 reporting year. None of these units were permitted or constructed under SB 35 streamlining provisions. • Table A provides a summary of data on housing units and developments for which an application was deemed complete between January 1st and December 31st of

Page 56 of 723 ends

Council Meeting Agenda- April 16, 2026
the reporting year. In Table A, an "application" is a formal submittal of a housing development or permit for approval. This includes, but is not limited to, single- family attached units; single-family detached units; two -to four -unit structures; five or more unit structures; accessory dwelling units; and mobile home/manufactured homes. The City had no new housing developments apply for during the year but did receive 15 Applications for new individual residential building permits.
• Table A2 provides a summary of all entitlements, building permits, and certificates of occupancy for residential development, by income category, that were issued in the reporting year. The City issued 8 building permits and 10 certificates of occupancy for single-family detached (SFD) housing during the reporting year.

The City also issued 5 building permits and 1 certificate of occupancy for Accessory Dwelling Units (ADU). All SFD units were above moderate -income level. ADUs were listed as affordable units, as determined by SCAG's ADU affordability analysis, which provides local governments with assumptions about ADU affordability. • Table B provides a summary of the City's RHNA progress as units are constructed during the reporting year. The City reported that 197 above -moderate -income SFD housing units, 2 extremely low-income ADUs, 6 very low-income ADUs, 8 low- income ADUs, and 5 moderate -income ADUs were permitted through the 6th Housing Cycle. No other income level units have been constructed during this period. Once HCD approves the City's RHNA numbers for the 6th Housing Cycle, they will decrease accordingly.
• Table C provides a summary of sites identified or rezoned to accommodate any RHNA shortfall. The City has identified 8 to 10 acres of a 34 -acre site (APN: 633- 360-002) at the northeast corner of Miles Avenue and Warner Trail to be rezoned as a Housing Opportunity Site Overlay as part of Program 3 of the 6th Cycle Housing Element. This commitment was fulfilled through the adoption of Ordinance 753, which effectively rezoned the 34 -acre site to the Public Benefit Zoning district, allowing up to 128 affordable housing units.
• Table D of the APR reports the City's annual progress in the implementation of various programs and statutory requirements of the 2021-2029 Housing Element. • Table E provides a summary of commercial developments given development bonuses as allowed under Government Code Section 65915.7. The City did not process any applications or entitlements for any commercial projects with density bonuses.
• Table F summarizes units rehabilitated, preserved, or acquired, pursuant to Government Code Section 65583.1(c). The City did not report any substantially rehabilitated, preserved, or acquired units during the reporting period.

Page 57 of 723 ends

Council Meeting Agenda- April 16, 2026
• Table F2 summarizes the above moderate income units converted to moderate income units pursuant to Government Code Section 65400.2. The City did not report any converted units during the reporting period. • Table G provides a summary of locally owned land included in the Housing Element sites inventory that have been sold, leased, or otherwise disposed of during the reporting year. The city did not report on the sale of any lands listed in the sites inventory of the Housing Element.
• Table H provides an inventory of locally owned or controlled lands declared surplus lands defined in subdivision (b) of Section 54221, and all lands in excess of foreseeable needs, if any, identified pursuant to Section 50569, located in all urbanized areas and urban clusters of the city or any of its departments, agencies, or authorities it owns or controls. The City did not dispose of any surplus land during the reporting year through the Surplus Lands Act in compliance with AB 1255.
• Table J provides a summary of student housing development with a density bonus approved pursuant to Government Code section 65915(b)(1)(F), where such housing is considered group quarters and does not count as progress toward the RHNA. The City did not approve of any student housing developments during the reporting year.
• Table K informs HCD about any local tenant preference Ordinance per Government Code 7061. The City does not have a local tenant preference Ordinance in place. • Table L provides an inventory of all historic designations listed on the National Register of Historic Places, the California Register of Historic Places, or a local register of historic places during the 2025 calendar year. The City did not have any sites listed in any historic registry for the 2025 calendar year; however, staff will list the recently nominated Desert Bel Air Showcase House, located at 75900 Fairway Drive, in next year's report.
• Local Early Action Planning (LEAP) Status Review. Pursuant to Health and Safety Code section 50515.04, recipients of LEAP grants from the State Department of Housing and Community Development (HCD) are required to report on the progress and use of those funds. The City was awarded a $65,000 LEAP Grant from HCD to help subsidize the production of the City's Housing Element Update for the 6th Housing Cycle.

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA):

This action has been reviewed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the state and local CEQA Guidelines,

Page 58 of 723 ends

Council Meeting Agenda- April 16, 2026
and the environmental regulations of the City. The City, acting as the Lead Agency, has determined that the submittal of the Annual Progress Report to HCD is exempt from CEQA pursuant to Section 15061(b)(3), as there is no possibility that the activity in question will have a significant effect on the environment.

ATTACHMENTS:

1. 2025 Housing Element Annual Progress Report

2. 2025 LMIHAF Addendum

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Council Meeting Agenda- April 16, 2026
ATTACHMENT #1
Please Start Here
General Information
Jurisidiction Name
Indian Wells
Reporting Calendar Year
2025
Contact Information
First Name
Jon
Last Name
Berg
Title
Community Development Director
Email
[email protected]
Phone
7603642489
Mailing Address
Street Address
44950 Eldorado Drive
City
Indian Wells
Zipcode
92210
Annual Progress Report
Optional: Click here to import last year's data. This is best used when the workbook is new and empty. You
will be prompted to pick an old workbook to import
from. Project and program data will be copied exactly
how it was entered in last year's form and must be
updated. If a project is no longer has any reportable
activity, you may delete the project by selecting a cell in the row and typing ctrl + d.

Click here to download APR Instructions
Click here to add rows to a table. If you add too many
rows, you may select a cell in the row you wish to
remove and type ctrl + d.
v 02 19 26
January 2020

Page 60 of 723 ends

Council Meeting Agenda- April 16, 2026
Optional: This runs a macro which checks to ensure all required fields are filled out. The macro will create two files saved in the same directory this APR file is saved in. One file will be a copy of the APR with highlighted cells which require information. The other file will be list of the problematic cells, along with a description of the nature of the error.

Optional: Save before running. This copies data on Table A2, and creates another workbook with the table split across 4 tabs, each of which can fit onto a single page for easier printing.

Running this macro will remove the comments on the column headers, which contain the instructions. Do not save the APR file after running in order to preserve comments once it is Optional: This macro identifies dates entered that occurred outside of the reporting year.

RHNA credit is only given for building permits issued during the reporting year Link to the online system: https://hcd.my.site.com/hcdconnect Toggles formatting that turns cells green/yellow/red based on data validation rules.

Submittal Instructions
Please save your file as Jurisdictionname2025 (no spaces). Example:
the City of San Luis Obispo would save their file as SanLuisObispo2025 Housing Element Annual Progress Reports (APRs) forms and tables must be submitted to HCD and the Governor's Office of Planning and Research (OPR) on or before April 1 of each year for the prior calendar year; submit separate reports directly to both HCD and OPR pursuant to Government Code section 65400. There are two options for submitting APRs:

1. Online Annual Progress Reporting System - Please see the link to the online system to the left. This allows you to upload the completed APR form into directly into HCD's database limiting the risk of errors. If you would like to use the online system, email [email protected] and HCD will send you the login information for your jurisdiction. Please note: Using the online system only provides the information to HCD. The APR must still be submitted to OPR. Their email address is [email protected].

2. Email - If you prefer to submit via email, you can complete the excel Annual Progress Report forms and submit to HCD at APR hcd.ca.ciov and to OPR at opr.apr(cr�opr.ca.cov. Please send the Excel workbook, not a scanned or PDF copy of the tables.

Page 61 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction
Indian Wells
Reporting Year
2025
(Jan. 1 - Dec. 31)
Housing Element Planning Period 6th Cycle
10/15/2021 - 10/15/2029
Building Permits Issued by Affordability Summary
Income Level
Current Year
Acutely Low
Deed
Restricted
0 Non -Deed
Restricted
0 Extremely Low
Deed
Restricted
0 Non -Deed
Restricted
1 Very Low
Deed
Restricted
0 Non -Deed
Restricted
2 Low
Deed
Restricted
0 Non -Deed
Restricted
2 Moderate
Deed
Restricted
0 Non -Deed
Restricted
0 Above Moderate
8 Total Units
13 Units by Structure Type Entitled Permitted Completed Single-family Attached
0 0
0 Single-family Detached
0 8
10 2 to 4 units per structure
0 0
0 5+ units per structure
0 0
0 Accessory Dwelling Unit
0 5
1 Mobile/Manufactured Home
0 0
0 Total
0 13 11
Infill Housing Developments and Infill Units Permitted
Indicated as Infill
Not Indicated as Infill
# of Projects
Units
13 13
0 0
Housing Applications Summary
Total Housing Applications Submitted:
15 Number of Proposed Units in All Applications Received:
15 Total Housing Units Approved:
0 Total Housing Units Disapproved:
0 Use of Streamlined Ministerial Approval Process or SMAP (formerly SB 35 / 423) - Applications Number of SMAP Applications
Number of SMAP Applications Approved
0 0
Units Constructed - SMAP (formerly SB 35 / 423) - Permits Income
Rental
Ownership
Total
Acutely Low
0 0
0 Extremely Low
0 0
0 Very Low
0 0
0 Low
0 0
0 Moderate
0 0
0 Above Moderate
0 0
0 Total
0 0
0 Streamlining Provisions Used - Permitted Units
# of Projects
Units
SB 9 (2021) - Duplex in SF Zone
0 0
SB 9 (2021) - Residential Lot Split
0 0
AB 2011 (2022)
0 0
SB 6 (2022)
0 0
SMAP
0 0
Ministerial and Discretionary Applications
# of
Units
Ministerial
15 15
Discretionary
0 0
Density Bonus Applications and Units Permitted
Number of Applications Submitted Requesting a Density Bonus 0 Number of Units in Applications Submitted Requesting a Density Bonus 0 Number of Projects Permitted with a Density Bonus
0 Number of Units in Projects Permitted with a Density Bonus 0 Housing Element Programs Implemented and Sites Rezoned Programs Implemented
Count
34 Sites Rezoned to Accommodate the RHNA
0

Page 62 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting Year 2025
Planning
Period
(Jan. 1 - Dec.
31)
6th Cycle 10/15/2021 -10/1512029

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation formulas
Table A
Housing Development Applications Submitted
Project Identifier
1 Unit Types
Date
Application
Submitted
Proposed Units - Affordability by Household incomes
Total
Approved
Units by
Project
Total
Disapproved
Units by
Project
Streamlining
Historic Sites
Density Bonus Law
Applications
Application
Status
Project Type
Notes
t
2 3
4 5
6 7
8 9
10 11
12 13
14 Prior APN`
Current APN
Street Address
Project Name
Local
Jurisdiction
Tracking ID
Unit Category
(SFA,SFD,2 to
4,5+,ADU,MH)
Tenure
R=Renter
0=Owner
Date
Application
Submitted
(see
instructions)
Acutely Low-
Income Deed
Restricted
Acutely Low-
Income Non
Deed
Restricted
IIIIPW
Extremely
Low -Income
Deed
Restricted
Extremely
Low -Income
Non Deed
Restricted
Very Low-
Income
Deed
Restricted
Very
Income
Non
Restricted
I
Low-
Deed
_
Low-
Income
Deed
Restricted
Low -Income
Non Deed
Restricted
Moderate-
Income Deed
Restricted
Moderate-
Income
Non Deed
Restricted
Above
Moderate-
Income
Total

PROPOSED
Total

APPROVED
Total

DISAPPROVE
Please select
state
streamlining
provision/s the
application was
submitted
pursuant to.

Is this project
located on a
site with an
associated
historical
designation as
outlined in
Government
Code Section
65400(a)(2)(N)
and reported
O
Did the
housing
development
application
seek
incentives or
concessions
pursuant to
Government
Code section
65915?
■
Were
incentives or
concessions
requested
pursuant to
Government
Code section
65915
approved?
Please
indicate the
status of the
application.
•
Is the project
considered a
ministerial
project or
discretionary
project?
Notes'
Units by
Project
Units by
project
D Units by
Project
Summary Row: Start Data Entry Below
0 0
0 1
0 0
2 Ci
2 9
15 0,,
0 76401 VIA SOVANA

INDIAN WELLS, CA
634580013 634580013 92210
43211 VIA LUCCA

INDIAN WELLS, CA
634310002 634310002 92210
47285 CRYSTAL

LOOP DR

INDIAN WELLS, CA
623152011 623152011 92210
74865

HUMMINGBIRD LN

INDIAN WELLS, CA
625440007 625440007 92210
43184 VIA SIENA

INDIAN WELLS, CA
634370020 634370020 92210
43184 VIA SIENA

INDIAN WELLS, CA
634370020 634370020 92210
74597 PALO VERDE
DR

INDIAN WELLS, CA
625470042 625470042 92210
47075 AGATE CT

INDIAN WELLS, CA
623241007 623241007 92210
77215 ONTIVEROS
COURT

INDIAN WELLS, CA
633790027 633790027 92210
74634 DESERT

ARROYO TRL

INDIAN WELLS, CA
658120004 658120004 92210
77202TRIBECCA
STREET

INDIAN WELLS, CA
633790029 633790029 92210
74190 DESERT

ROSE LN

INDIAN WELLS, CA
625520018 625520018 92210
45001 VIA

ESTANCIA

INDIAN WELLS, CA
633090023 633090023 92210
45630 CAMINO

DEL REY

INDIAN WELLS, CA
633222007 633222007 92210
76944 COMANCHE
LN

INDIAN WELLS, CA
633740015 633740015 92210
Toscana
BRES-2025-0129
BRES-2025-0003
BRES-2025-0257
BRES-2025-0062
BRES-2025-3361
BRES-2024-3346
ORES -2025-0185
BRES-2025-0412
BRES-2025-0661
BRES-2025-0538
BRES-2025-0674
BRES-2025-0664
BRES-2025-0461
BRES-2025-0339
BRES-2025-0676
ADU
R
3/11/2025
1/4/2025
5/5/2025
2/6/2025
1/2/2025
7/2/2025
4/3/2025
7/18/2025
12/5/2025
9/23/2025
12/16/2025
12/8/2025
8/16/2025
6/9/2025
12/17/2025
0 0
0 1
D
1 NONE
No
No
No
Pending
Ministerial
u
Toscana
SFD
O
1 1
NONE
No
No
No
Approved
Ministerial
Eldorado
SFD
O
1 1
NONE
No
No
No
Approved
Ministerial
Vintage
SFD
O

1 1
NONE
No
No
No
Approved
.Ministerial
Toscana
ADU
R
i
4 NONE
No
No
No
Approved
Ministerial
Toscana
SFD
O

1 1
NONE
No
No
No
Approved
Ministerial
Vintage
ADU
R
1 1
NONE
No
No
No
Approved
Ministerial
Eldorado
SFD
O
1 1
NONE
No
No
No
Approved
Ministerial
Vaidya
SFD
O
1 1
NONE
No
No
No
Approved
Ministerial
Reserve
SFD
O
1 1
NONE
No
No
No
Approved
Ministerial
Vaidya
SFD
O
1 1
NONE
No
No
No
Pending
Ministerial
Vintage
SFD
O
1 il
NONE
No.

No
No
Pending
Ministerial
Toscana
ADU
R
1 1
NONE
No
No
No
Approved
Ministerial
ADU
R
1 1
NONE
No
No
No
Approved
Ministerial
ADU
R
1 1
NONE
No
No
No
Pending
Ministerial
0

Page 63 of 723 ends

Council Meeting Agenda- April 16, 2026
Table A2
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units Project Identifier
Unit Types
Affordability by Household Incomes - Completed Entitlement Housing with Financial
Assistance and/or Deed
Restrictions
Housing without
Financial Assistance or
Deed Restrictions
Term of
Affordability or
Deed Restriction
Demolished/Destroyed Units
Density Bonus
Notes
1 2
3 6
16 17
18 19
20 21
22 24
24 25
Prior APS`
Current APN
Street Address
Project Name'
I
Local
JurtsdIction
Tracking ID
Unit Category
(SFA,SF0,2 to
4,5+AADU,MH)
Tenure
R=Rentsr
O=Owner
Acutely Low-
Income Deed
Restricted
Acutely Low-
Income Non
Deed
Restricted
Extremely
Low -Income
Deed
Restricted
Extremely
Low- Income
Non Deed
Restricted
Very Low-
Income Deed
Restricted
Very Low-
Income Non
Deed
Restricted
Low- Income
Deed
Restricted
Low- Income
Non Deed
Restricted
Moderate-
Income
Deed
Restricted
Assistance
Programs for Each
Development
(may select multiple
see instructions)
Deed Restriction
Type
(may select
multiple -see
Instructions)
toot 0 0I ns,
waivers, and
modifications
(Excluding
Parking Waivers
or Parking
Modifications)
Did the project
r o
waiver of parking
standards? (YIN)
Notes'
o ran
t deed
restrictions explain how reduction
the locality determined the
units were affordable
(s¢¢ instructions)
Term of Aftordabllity
or Deed Restriction
(years) (It affordable
in perpetuity enter
1000r
Number of
DemolishedfDestro
yed Units
Demolished
or Destroyed
Units
Demolished!
Destroyed
Units
Owner or
Renter
e
Applied t the Project
(PercenMge Increase M
Total Allowable Units or
Total Maximum Allowable
Residential Gross Floor
Area)
Ince
C
W o Other
Modifications Given
to the Project
(Excluding Parking
Waivers or Parking
Reductions)
Summary ROW: Start Oata Entry Belo1V
OREFI
IIREF7
*REEL
- SREFI
UREFI
— 7APEFI
NREF1.
— _lREFI.

UREFI
0 43211 VIA
LUCCA

INDIAN WELLS,
634310002 634310002 CA 92210
45595 MANZO
ROAD

INDIAN WELLS,
633461003. 633461003 CA 92210
)4865

HUMMINGBIRD
LN

INDIAN WELLS,
625440007 6.440007 CA 92210
43184 VIASENA only
INDIAN 92WELLS,
634370020 e34a>oozo CA 92210
431. VA SIENA

INDIAN WELLS,
634370020 634370020 CA 92210
74597 PALO

VERDE DR

INDIAN WELLS,
625470042 625470042 CA 92210
49438 Desert
Barran. Trail
Inman Wells, CA
658370001 658370001 92210
47075 AGATE
CT

NOM WELLS,
623241007 623241007 CA 92210
45001 VIA

ESTANCIA

INDIAN WELLS,
633090023 633090023 CA 92210
78235 MONTE
SERENO
INDIAN WELLS.
643150016 .3150015 CA 92210
75437 PALM

SHADOW DR

INDIAN WELLS,
633043002 633043002 CA 92210
47285 CRYSTAL

LOOP DR

INDIAN WELLS,
623152011 623152011 CA 92210

4.30 CAMINO

DEL REY

INDIAN WELLS,
633222007 633222007 CA 92210
74381 DESERT
ARROYO TM_

INDIAN WELLS,
658360006 658360006 CA 92210
43244 VIa Sena
Inman Wells, CA
634360012 63436001292210
46393 BLACK

HAWK DR

INDIAN WELLS,
623301011 623301011 CA 92210
51136 DESERT

ARROYO TRAIL

INDIAN WELLS,
858410006 858410008 CA 92210
743. DESERT
ARROYO TM_

INDIAN WELLS,
658360015 658360015 CA 92210
76222 VIA

SATURIA

GIOIAN WELLS,
010180
634450013 634450013 CA 92210
45449 VAIDYA
COURT

INDIAN WELLS,
633790032 633790032 CA 92210
76191 VIA
SOVANA

INDIAN WELLS,
634500014 634500014 CA 92210
47365 VINTAGE
DR

INDIAN WELLS,
623420009 623420009 CA 92210
74260 DESERT
ARROYO

INDIAN WELLS,
658380013 658380013 CA 92210
42460 VIA
=OHIO
040074 INDIAN WELLS,

63.60004 6345600. CA 92210
BRES2025-0003'
ORES -2024-3004
BRES2025-0062
ORES -2025-3361
BRES2024-3346
BRES-2025-0186
BRES2024-3264
BRES-2025-0412
ORES -2025-0461
BRES20243059
BRES2024-2675
BRES-2025-0257
BRES2025-0339
BRES-202&2007
BRES2021-0007
BRES2024-2965
BRES2022-0270
ORES -2023-2258
BRES-2024-2758
BRES.24-2582.

BRES2024-2760
BRES-2022-1029
BRES-2023-2038
BRES2023-2058
SFD
0 SFD
O
SFD
O
.0
R
SCAG's ADU affordab6ity analysts
concludes with an affordability
assumption that Erinn of new
/tolls are Low t3 o Extremely Low
income, and 923% fall In the
Moderate or below categories
Above for 7.7% of AM.

AD
aaouM 000040 new ADU
wnewdeon.

SFD
0 ADU
R
SCAG's ADU affordability analysis
concludes with an affordability
umpbon that 57% anew
AOUs are Low to Extremely Low
Income, and 92.3% ball In the
Moderate or below. categories.

Above moderate ADUs only
accomdfor 7.7% of new ADU
construction.

SFr)
0 SPD
0 ADU
R
SCAG's ADU affordablity analysts
concludes with an affordablllly
umpfion 100057%of new
ADUs are Low to Extremely Low
income,and 92.3%fall In the
Moderate or below categories.

Above moderate ADUs only
account for 7.7%of new ADU
construction.

SFD
0 ADU
R
SCAG9 ADU affordability analysis
concludes with an affordabllty
assumption that 57%of new
ADDS are Low to Extremely LOW
income, and 92.3%fell in the
Moder.R or below categories
Above moderate ADUs only
account .7.7% of new ADU
construction.

SFD
0 A00
SCAG's ADU affordability analysis
concludes with an affordability
assumption that 57%of new
ADUs are Low to Extremely Low
income, and 92.3% fall In the
Moderate or below ...de,.

Above moderate ADUo only
account 1.7.7% of new ADU
Cpns..on.

SFD
SFD
O'
ADU
R
SCAG's ADU affordability analysis
concludes web an 070300lity
assumptlon that 57%of new
A000 are Low to Extremely LOW
income,and .3% fall in the
Moderate or below categories.

Above model% ADUs only
account for 7.7% of new ADU
construction.

SFD
0 SFD
O
SFO
O
SFD
!1
SFD
S

SFD
SFD
SFO
O

Page 64 of 723 ends

Council Meeting Agenda- April 16, 2026
Table A2
• New Construction, Entitled, Permits and Completed Uni Project Identifier
Affordability by Household Incomes - Building Permits
Housing with Financial
Assistance and/or Deed
Restrictions
Housing without
Financial Assistance or
Deed Restrictions
Tans of
Affordability or
Deed Restriction
Demolished/Destroyed Units
Density Bonus
Notes
16 is
19 20
32 33
24 25
Moderate-
Acutely
Acutely
Extremely
Extremely
Very Low-
Total '-
Appliedt the Project
Number • ' .

Moen
Concession
.ok,.:t the
endues,
concessions,
Did the project
Assistance
Deed Restriction
assistance or deed
Term of Alfordebll'0
Demolished/
Income Non
Above
Entitlement
Date Approved
# of Units
Low-
Low-
Low-
Law-
Income
Programs for Each
Type
restrictions explain how
or Deed Restriction
Number of
Demolished
Destroyed
(Percentage Increase M
Waivers, or Other waivers,and
receive a reduction or
Current APN
Street Address
Project Name'
Deed
Restricted
Moderate-
Income
Issued
Entitlements
Income
Deed
Ineome Non
Geed
Income
Dead
Income Non
Deed
Deed
Restricted
Development
(may select multiple
(may select
multiple - see
the locality determined the
units were affordable
(years) (if affordable
In perpetuity enter
Demotlehed/Destro
yed Units
or Destroyed
Units
Units
Owner or
Total Allowable Units or
Total Maximum Allowable
Modifications Given
to the Project
modifications
(Excluding
waiver of parking
standards? (Y/N)
Notes
Restricted
Restricted
Restricted
Restricted
- see Instructions)
Instructions)
(sea instructions)
1000
Residential Gross Floor
Area)
(Excluding Parking
Waivers or Parking
Parking Waivers
or Parking
Reductions)
Modifications)
43211 VIA
LUCCA

INDIAN WELLS,
634310002 CA 92210
45595 MANZO
ROAD
INDIAN WELLS:
633481003 CA 92210
74865

HUMMINGBIRD
LN

INDIAN WELLS,
62544000] CA 92210
43184 VA SENA

INDIAN WELLS,
834370020 CA 92210
43184 VIA SIENA

INDIAN WELLS,
634370020 CA 92210
74597 PALO

VERDE DR
!NOV. WELLS,
625470042 CA 92210
49438 Desert
Banana Trail
Indian Wells, CA
658370001 92210
47075 AGATE
CT

INDIAN WELLS,
843241007 CA 92210
45001 VIA

ESTANCIA
INDIAN WELLS.
633090223 CA 92210
78235 MONTE
SERENO

INDIAN WELLS,
843150018 CA 92210
75437 PALM

SHADOW DR

INDIAN WELLS,
633043002 CA 92210
47205 CRYSTAL

LOOP DR

INDIAN WELLS,
623152011 CA 92210
45630 CAMINO

DEL REV

INDIAN WELLS,
63322200] CA 92210
74381 DESERT

ARROYO TRL

INDIAN WELLS,
658360008 CA 92210
43244 Via Sena
Indian Wells, CA
634360012 92210
46393 BLACK

HAWK DR

INDIAN WELLS,
623301011 CA 92210
51136 DESERT

ARROYO TRAIL
INDIAN WELLS.
658410006 CA 92210
74304 DESERT

ARROYO TRL

INDIAN WELLS,
658380015 CA 92210
76222 VIA

SATURNIA

INDIAN WELLS,
634450013 CA 92210
45449 VAIDYA
COURT

INDIAN WELLS,
833790032 CA 92210
76191 VIA
SOVANA

INDIAN WELLS,
634500014 CA 92210
47365 VINTAGE
OR E

INDIAN WELLS,
622420009 CA 92210
74260 DESERT
ARROYO

INDIAN WELLS,
658360013 CA 92210
42460 VIA

VICCHIO

INDIAN WELLS,
634580004 CA 92210
#REPS
0 #REF!
#REPS.
#REF!
0 0
SCAG's ADU affordability analysis
concludes with an affordability
assumption that 57% of new
ADUs are Low to Extremely Low
Income, and 92.3% fall In the
Moderate w halo. categories.

Above moderate ADUs only
account for 7.7% of new ADU
construction.
5CAG',AOU affordabiliyartalysis
concludes will an affordability
a.umption that 4756 of new
ADUs are Low to EeTemely Low
Income, and 923% fall In700
Moderate er below categories.

Above moderate ADUs only
account for 7.7% of new ADU
0 4
0 SCAG's ADU affordability analysis
concludes with an affordability
assumption that 57% of Raw
ADUs are Low to Extremely Low
Income, and 92.3% fall in the
Moderate or below categories.

Rove moderate ADUs only
a unt new ADU
construction.
0 SCAG's ADU affordability analysis
concludes with an affordability
assumption Mat 57% of new
ADUs are Low to Extremely Low
and 923% fall in Me
Moderate or below categories.

Above moderate ADUs only
account for 7.7% of new ADU
construction.
0 SCAG'sADU affordability analysis
concludes with an affordability
assumption that 57%'d new
ADU, are Low to Extremely Low
and 923% toll in Me
Moderate or below categories_
Above moderate ADUs only
account for 7.7% of new ADU
constructer,
0 0
5CAG3 ADU affordability analysis
concludes with an affordability
assumption Mal 57%of new
ACUs are Low to Extremely Low
Income, and 923% fall In the
0000189 05 001006010001103.

Above moderaaccount te A new
w only Dy
for 7.7% of new ADU
0 0
0 0
0 0
0 0

Page 65 of 723 ends

Council Meeting Agenda- April 16, 2026
Table A2
Annual Building. Activity Report Summary - New Construction, Entitled, Permits and Completed Unite Project Identifier
Affordabilit
y by
Household
Incomes -
Certificates
of
Occupancy
Housing with Financial Assistance
and/or Deed Restrictions
Housing without
Financial Assistance or
Deed Restrictions
Term of
Affordability or
Deed Restriction
Demolished/Destroyed Units
Density Bonus
Notes
20 21
Very Low-
Low-
Low-
Moderate-
Moderate-
Above
Acutely Low
Assistance
Programs for Each
Deed Restriction
Type
For units affordable
wkhoul flnancI I assistance
or deed restrictions,
Term of "'Nobility
Number of
Demolished
Demolished/
Destroyed
Total Density Bonus
Applied to the Project
(Percentage Increase in
Number of Other
incentives,
Concessions,
Waivers, or Other
Llst the
incentives.
concessions,
waivers, and
Did tha b}ect
rrent APN
Street Address
Project
Income Non
Deed
Restricted
Income
Deed
Restricted
Income
Non Deed
Restricted
Income
Deed
Restricted
Income Non

Deed
Restricted
Moderate-
Income
Building Permits
Date Issued
# of Units Issued
Building Permits
Income
Deed
Restricted
Development
(may select multiple
_ see Instructions)
(may select
multiple -see
Instructions)
explain how the locality
determiners the units were
affordable
(see instructions)
or Dead Restriction receive
(years) (if aHortlable in
perpetuity enter 1000)
Demolished/Destroy
ed Units
or Destroyed
Units
Units
Owner or
Renter
Total Allowable Units or
Total Maximum Allowable
Residential Gross Floor
Area)
Modifications Given
to the Project
(Excluding Parking
Waivers or Parking
modifications
(Excluding
Parking Waivers
or Parking
a reduction or
waiver of parking
standards? (yM)
Notes'
Reductions)
Modifications)
8 43211 VIA
LUCCA
INDIAN WELLS.
634310002 CA92210
45595 MANED
ROAD
INDIAN WELLS.
833461003 CA 92210

7.65 HUMMINGBIRD
LN

INDIAN WELLS,
62540097 CA92210

O VIA SIENA

INDIAN WELLS,
634370020 .9.10
43184 VIA SIENA

INDIAN WELLS,
6343]6020 CA 92210
74597 PALO

VERDE OR

INDIAN WELLS,
625470042 CA 92210
49438 Desert
Banco Tr.

Indian Wells, CA
658370001 92210
47075 AGATE CT

INDIAN WELLS,
623241007 CA 92210
VIA

ESTANCIA

INDIAN WELLS,
633090023 CA 92210
78235 MONTE
SERENO
INDIAN WELLS.
643150018 CA 02210
75437 PALM

SHADOW DR

INDIAN WELLS,
833043002 CA 92210
47205 CRYSTAL

LOOP DR
INDIAN WELLS,.
623152011 CA 92210

30. CAMIN0

DEL REY

INDIAN WELLS,
.633222607 CA 92210
74381 DESERT

ARROYO TRL
INDIAN WELLS.
658380006 CA92210
4324 Ala Siena
Indian Wella. GA
634360012 92210
46393 BLACK
HAMM
INDIAN WELLS.
623301011 CA92210
51136 DESERT

ARROYO TRAIL

WELLS,INDIAN

65.10008 CA 92210
74304 DESERT
ARROYO,.

INDIAN WELLS.
658360015 .92210
78222 VIA

SATURNIA

INDIAN WELLS,
834450013 CA 92210
4649 VAIDYA
COURT

INDIAN WELLS,
633790032 CA92210
76191 VIA
SOVANA
INDIAN WELLS;
634560014 CA 92210
47365 VINTAGE
DR E

INDIAN WELLS,
623420009 CA 92210
74260 DESERT
ARROYO

INDIAN WELLS,

65.8360013 CA 92210
42400 VIA
CCHI0

INDIAN WELLS,
634.004 GA 92210
1 411]/2025
1/2/2025
8692025
9/16/2025
9/18/2025
5/23/2025
2/16/2025
91212025
10121/2025
1/612025
2/18/2025
7129/2025
699,2025
RE
CAMS ADU affonabllity analysts
cbncludeswllfl an affordability
ssumption .167% of new ADUs
are Law to Extremely Low Income.
n 92:3%fell in Me Moderate or
below categories. Above moderate
ADU only amount for 97% of new
AD. ADU Construction.

SCOOT ADU effaaability analysis
concludes with en affordability
umpean that 67% of new ADUs
re Law to Extremely Low Income.
and 92.3%fall In Me Madeaor
below categories. Above modem.

ADUs only account for 7.7%dn.

ADU construction.

SCAG's ADU affordability analysts
concludes with an affordability
assumption that 57% of new ADUs
are Low to Extremely Low Income.
and 92.3% fall In me Moderate or
below categortes. Above m.erate
ADUs only account for 7.7% of new
ADU construction.

SCAG's ADU violability analysis
conaudee with en enoNability
assumption ,het 57% of new ADUs
are Low m emelY Low Income,
and 92.3% fell In Ma Moderate or
below categories. Above modeate..

ADUs only account far 7.7% of new
ADU construMon.

SCAG's ADU affordability analysis
concludes with an affordability
umpow Mat 57% of new ADUs
are Low b Extremely Low Income.
end 92.3% fall In the Moderate or
w categories. Above moderate
ADUs only account for 7.7% of new
ADU construction.

SCADS ADU affordability analysis
concludes with an affordability
assumption Oat 57% of new ADUs
are Law to Extremely Low Income.
and 92.3% fall In Me maws. or
below categories. Above moderate
ADUs only amount for 7.7% of now
ADU construction.

Page 66 of 723 ends

Council Meeting Agenda- April 16, 2026
Table A2
Annual Building ActMty Report Summary - New Construction, Entitled, Permits and Completed Units Project Identifier
Streamlining
Historic Sites
Housing with Financial
Assistance and/or Deed
Restrictions
Housing without
Financial Assistance or
Deed Restrictions
Term of
Affordability or
Deed Restriction
DemolishedlDestroyed Units
Density Bonus
Notes
11 13
13 14
15 17
18 19
20 21
22 23
24 28
uwent APN
'Mame
Project Name
Iiii
Acutely Law
Income Non
Deed
Restricted
Extremel y
Low-
Income
Deed
Restricted
Extremely
ey
Low-
Income Nan
Deed
Restricted
Very Low-
Income
Deed
Restricted
Very Low-
Income
Non Deed
Restricted
Low-
Income
Deed
Restricted
Law-
Income
Non Deed
Restricted
Moderate-
Income
Deed
Restricted
Moderate-
Income Non
D¢ed
Restricted
Above
Moderate-
Income
Certificates of
Occupancy other
P y or o
forms of readiness
(see instructions)
Dale Issued
#of Units
issued
Certificates of
Occupancy or
other forms
of readiness
state _ -^
streamlini rig
Ion the
provision
project was

APPROVED
pursuant to.
(may select
multiple)
this proj ..
ro sated of
with an
associated
historical
designation as
outlined in
Government
Code Section
65400(a)(2)(N)
and cable LT on
Table LT
Assistance
Programs for Each
g
Development
(may select multiple
see instructions)
Deed Restriction
e
T
Type
(may select
multiple- see
instructions)
For units affordable
without financial
assistance or deed
restrictions, explain how
the locality determined the
units were affordable
(see instructions)
Term of Affordability
Y
or Deed Restriction
(yea re) (if affordable
in perpetuity enter
9000)`
Number of
Demolished/Destre
red Units
Demolished
or Destroyed
Units
Demolished/
Dem
Destroyed
Y
Units
Owner or
Renter
4 Total Density Bonus
Applied to the Project
PP
(Percentage Increase In
( 9
Total Allowable Units or
Total Maximum Allowable
Residential Gross Floor
Area)
Number of Other
Incentives,
Concessions,
Waivers, or Other
Modifications Given
to the Project
(Excluding Parking
Waivers or Parking
Reductions)
meendves,
concessions,
fivers
%land
modifications
(Excluding
Parking Waivers
or Parking
Modifications)
IP
Did the project
receive a reduction or
waiver of parking
standards? (WN)
Notes'
0 01
0 0
0 i
a
0 10
11 0
43211 IA
LUCCA

INDIAN WELLS,
634310002 CA 92210
45595 MAN2O
ROAD

INDIAN WELLS,
633461003. CA 92210
74865

HUMMINGBIRD
LN

INDIAN WELLS,
82544000] CA 92210
43184 VA SIENA

INDIAN WELLS,
634370020 CA92210
43184 VIA SIENA

INDIAN WELLS,
634370020 CA92210
74597 PALO

VERDE DR

INDIAN WELLS,
8254]0042 CA 92210
49438 Desert
Barran. Trail
Indian Walls. CA
658370001 92210
47075 AGATE
CT

INDIAN WELLS,
623241007 CA 92210
45001 VIA

ESTANCA

INDIAN WELLS,
633090023 CA 92210
]8235 MONTE
SERENO

INDIAN WELLS,
643150016 CA 92210
]543] PALM

SHADOW DR

INDIAN WELLS,
833043002 41 85 CRYSTAL
LOOP285 CRYSTAL

LOOP DR

INDIAN WELLS,
823152011 CA 92210
45630 CAMINO

DEL RAY

INDIAN WELLS,
63322200] CA 8192210
DESERT
ARROYO

INDIAN WELLS,
658360006 CA 92210
43244 Via Siena
Indian WAIL CA
83438001292210
48393 BLACK

HAWK DR

INDIAN WELLS,
623301011 CA 92210
51136 DESERT

ARROYO TRAIL

INDIAN WELLS,
658410006 CA 92210
74304 DESERT

ARROYO TRL

INDIAN WELLS,
658360015 CA 92210
78222 VA

SATURNA

INDIAN WELLS,
634150013 CA92210
45449 VAIDYA
COURT

INDIAN WELLS,
533]90032 CA92210
78191 VIA
SOVANA

INDIAN WELLS,
634500014 CA 92210
47365 VINTAGE
DR E

INDIAN WELLS,
623420009 CA 92210
]4260 DESERT
ARROYO

INDIAN WELLS,
658360013 CA92210
42460 VA
ACCHI
INDIAN

INDIAN WELLS,
634560004 CA92210
0 NONE
No
0 NONE
No
0 NONE
No
0 NONE
No
SCAN's ADO 2110046549analysis
0Onc1des wiD en affordabiloy
lanaton that 57% of new
ADUs are Low to Extremely Low
and 923%fall in the
Moderae orbelow Categories
Above moderate ADUs only
account for 7.7%of new ADU
ccnslru4lion.
0 NONE
No
0 NONE
No
SCAN, ADU affordability 0701340
concludes with an affordability
assumption that 57% of new
ADUs are Low to Extremely Low
Income, and 02.3% fall In the
Moderate or below categories.

Above moderate ADUs only
account for 7.7% of new ADM
...en.,
0 NONE
No
0 NONE
No
0 NONE
No
SCAG'eADM affordability 0701490
concludes with an affo02514
assumption that S]%of new
ADUs are Low to Extremely Low
income.and923% fall in the
Moderate or below Categories:

Above moderate ADUs only
account for 7.7% Anew ADU
construction.
0 NONE
No
0 NONE
No
SCAG3 ADU affordability analysis
concludes with an affordability
assumption 91.57% of new
ADUs are. Low to Extremely Law
Income, and 92.3% fall In the
Moderate or below categories.

Above moderate ADUs new only
moot for ONOIIO new ADU
con sWction.
0 NONE
Na
0 NONE
No
SLAG 0 ADM efErtlabilnyanalysis
concludes wit1 an affordability
assumption Nat 57% of new
ADUs are Low to Extremely Lea
Income, and 92.3% fall in the
Moderate or below calegodes.ADUs
Above moderate A now only
account far 77%0f new ADU
construction.
1 10/14/2025
11/17/2025
11/18/2025
5/13/2025
4/2/2025
8/21/2025
2/24/2025
7/2412025
3/10/2025
1/3/2025
1/17/2025
1 NONE
No.
i
1 NONE
No
1 1
NONE
No
SCAN, ADU afforeebillty analysis
concludes with an a0onlabilSy
assumption Nat 57% of new
ADUs are Low to Extremely Low
income. and 92.3% fall in gm
Moderate or below categ0...

Above moderate ADUs only
account for 7.7% of new ADU
construction.
1 1
NONE
No
1 1
NONE
No.
1 1
NONE
No
1 1
NONE
No
1 1
NONE
No
1 1
NONE
No
1 1
NONE
No
t
1 ,
NONE
No

Page 67 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting Year
2025 (Jan. 1 - Dec. 31)
Planning Period
6th Cycle 10/15/2021 - 10/15/2029

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
This table is auto -populated once you enter your jurisdiction name and current year data. Past year information comes from previous APRs.

Please contact HCD if your data is different than the material supplied here Table B
Regional Housing Needs Allocation Progress
Permitted Units Issued by Affordability
1 Projection
Period
2 3
4 Projection
Total Units
Total Remaining
Income Level
RHNA Allocation
by Income Level
Period -
0613012021-
10/14/2021
2021
2022
2023
2024
2025
2026
2027
2028
2029
to Date (all
years)
RHNA by
Income Level
Acutely Low
Deed Restricted
Non -Deed Restricted
Extremely Low
Deed Restricted
Non -Deed Restricted
1 1
2 Very Low
Deed Restricted
117
-
-
-
-
-
-
-
6 111
Non -Deed Restricted
-
1 -
1 -
2 -
-
-
-
Low
Deed Restricted
81 -
-
-
-
-
-
-
-
-
-
8 73
Non -Deed Restricted
1 -
1 1
3 2
-
-
-
-
Moderate
Deed Restricted
91 -
-
-
-
-
-
-
-
-
-
5 86
Non -Deed Restricted
-
1 1
1 2
-
-
-
-
-
Above Moderate
Total RHNA
Total Units
93 382
8 9
116
44 12
8 197
9 111
118
47 181
13 216
270
*For years prior to 2025, Acutely Low -Income units are reported within the Extremely Low -Income category *For jurisdictions that received RHNA determinations for the current cycle prior to the passage of AB 3093 (September 19, 2024):
- You were not allocated Acutely Low -Income and Extremely Low -Income RHNA targets, therefore the allocations in Field 1 are listed as "0" - If you wish to set your own targets in these income categories for informational purposes, contact HCD staff at [email protected]. - All Acutely Low -Income and Extremely Low -Income units reported during the cycle are counted towards Very -Low Income RHNA progress *For years prior to 2025, data on deed -restricted vs. non -deed restricted Extremely Low -Income units is approximated from whether the projects reported any deed -restricted Very Low -Income Units. If you wish to edit this historical data for accuracy or have any questions about the data, you may login to HCD's online APR system, or contact HCD staff at [email protected].

Please Note: Table B does not currently contain data from Table F or Table F2 for prior years. You may login to the APR system to see Table B that contains this data.

Please note: The APR form can only display data for one planning period. To view progress for a different planning period, you may login to HCD's online APR system, or contact HCD staff at [email protected].

Page 68 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting Year
2025 (Jan. 1 - Dec. 31)
Planning Period
6th Cycle 10/15/2021 - 10/15/2029

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation formulas
Table C
Sites Identified or Rezoned to Accommodate Shortfall Housing Need and No Net -Loss Law Project Identifier
Date of
Rezone
RHNA Shortfall by Household Income Category
Rezone Type
Sites Description
1 2
3 4
5 6
7 8
9 10
11 APN
Street Address
Project Name+
Local
Jurisdiction
Tracking ID'
Date of
Rezone
Very Low-
Income
Low -Income
Moderate-
Income
Above
Moderate-
Income
Rezone Type
Parcel Size
(Acres)
General Plan
Designation
Zoning
Minimum
Density
Allowed
Maximum
Density
Allowed
Realistic
Capacity
Vacant/Nonvacant
Description of
Existing Uses
Summary Row: Start Data Entry Below
633360002
Vacant Parcel
6/20/2024
64 46
17 1
Shortfall of Sites
34 Public/Quasi
Public
Public Benefit
20 24
238
Vacant
Vacant

Page 69 of 723 ends

Council Meeting Agenda- April 16, 2026

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Jurisdiction Indian Wells
Reporting Year 2025 (Jan. 1 - Dec. 31)
Table D
Program Implementation Status pursuant to GC Section 65583 Housing
Describe progress of all programs including local efforts to remove governmental constraints of housing as identified in the housing element.

Programs Progress Report
to the maintenance, improvement, and development
1 2
3 4
5 6
7 8
9 Name of Program
Objective
Projected Completion
Date in Housing
Element
Applicable Cycle
Status of Program
Implementation
Program Implementation Details
Quantified Outcomes:

Category
Quantified Outcomes:

Count
Supporting Documents

1. Rehabilitation &
Community Revitalization
Housing Rehabilitation: Refer property
owners to external assistance (rebates,
grants, loans) and create/distribute a Good
Neighbor Guide
12/31/2023
6th Cycle
In Progress
The City continues to refer residents to outside assistance that will assist them in rehabiliating or maintaining their housing units. During the reporting period, the City prepared a draft Good Neighbor Guide intended to support implementation of the Housing Elements housing rehabilitation program. The guide describes how residents can help maintain property in good condition, identifies common categories of minor repairs, and is structured to connect those repairs with available funding opportunities, nonprofit assistance, and referral resources. The good neighbor guide is still in development. The quantifiable measure is the draft Good Neighbor Guide.

Other
1 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

1. Rehabilitation &
Community Revitalization
Community Revitalization: Fund at least
one place -based improvement project per
year in targeted census tracts.
12/31/2029
6th Cycle
In Progress
Two projects have been completed/ongoing at the targeted census tracts 449.11 and 451.08. Project description for 451.08: The work for this project includes sidewalk and landscape replacement including trees, shrubs, boulders and a shade structure to improve pedestrian accessibility for residents of the Housing Authority's Indian Wells Villas senior living apartments facility. Project description for 449.11: Warner Trail street improvements to facilitate a turn lane and ADA improvements.

The City has completed further street improvements in tract 449.11 that will facilitate traffic flow in the area by expanding the number of turn lanes along Northbound Washington Street for westbound traffic fuming onto Fred Waring. 3 projects are currently in the pipeline for the targeted tracts. In addition, the City is undertaking a Safer Streets initiative outside of the targeted tracts - this project. A link to the Safer Streets improvement project is available here:
https://www . cityofindia nwells.org/city-hall/depa rtments/pu bl ic-works/safer- streets-Indian-wells. The quantifiable measures are the completed projects within the targeted census tracts as required by the City's Housing Element.

Other
4 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

2. Preservation of At -Risk
Units
Monitor affordable housing projects at risk
of converting to market rate.
12131/2029
6th Cycle
Continuous
The City's Housing Authority continues to monitor its City owned affordable housing developments to maintain their status as affordable units below market rate. Currently, Abode Communities manages the City's Affordable Housing developments per its current contract. At present, the City's affordable properties are the only affordable housing projects that are at risk of conversion to market rate; however, there are zero at -risk conversions identified after the City's annual review.

Quantifiable outcome of no loss of housing units is considered a success.

Units
0 None

2. Preservation of At -Risk
Units
Establish contacts with public/nonprofit
purchasers.
12/31/2029
6th Cycle
Continuous
The City proactively participates in ongoing meetings with local housing advocacy group, Lift to Rise, to raise awareness on the need for housing in the area. No specific at -risk property triggered targeted outreach this year. Meetings with the NPO are quantifiable measures.

Meetings
15 https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4wa .com/dcnl-
wFt?usp=sharing

2. Preservation of At -Risk
Units
Educate tenants on rights and conversion
procedures.
12/31/2029
6th Cycle
Continuous
Ongoing throughout the 6th housing cycle. City maintains educational materials on its website regarding tenant rights. The City's webpage is the quantifiable measure as it is where the information is advertised.

Other
https://www.cityofindianwells.org/city-
hall/departments/housing-authority

2. Preservation of At -Risk
Units
Develop a rental registry to track units.
12/31/2029
6th Cycle
Completed
Registry maintained by Abode Communities, the City's affordable housing manager. The City's affordable projects are the only affordable properties in the City. Having a rental registry is the quantifiable outcome.

Other
1 None

Page 70 of 723 ends

Council Meeting Agenda- April 16, 2026

3. Production of New
Housing Units (Shortfall
Program)
Explore alternative land use strategies
(e.g., new Housing Opportunity Site
Overlay, rezoning).
12/31'2027
6th Cycle
Completed
The City adopted City Council Resolution 2024-14 and Ordinance 753 updating its general plan, adding Chapter 21.37 to the City's Zoning Code, and approving a zone map amendment to add a Public Benefit land use and zoning designation to accommodate the City's share of the Regional Housing Need on sites that have been previously identified for residential development. The adoption of the resolution and ordinance concludes implementation of this program and meeting the objective, and these are the quantifiable measured.

Other
2 https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAUcnl-
wFt?usp=sharing

3. Production of New
Housing Units (Shortfall
Program)
Encourage higher -density, affordable
multifamily and owner -occupied projects
through amended development standards
and incentives.
12/31/2027
6th Cycle
Completed
The City has updated its development standards to include the Public Benefit Zone development standards, and maintains an active SB6 checklist to aid developers with streamlined development information.

The Public Benefit zone encourages higher density and streamlined review processes for affordable housing projects. Updated standards via Resolution 2024-14 completes this portion of program 3. The resolution is the quantifiable measure.

Other
1 https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

3. Production of New
Housing Units (Shortfall
Pro9 ram )
Promote use of vacant and underutilized
sites.
12/31/2029
6th Cycle
Completed
The City promotes vacant land as Opportunity Sites on the City Website:
https://www.cityofindianwells.org/home/showpublisheddocument/8372/63 8252089539330000. The advertised document on the webpage is the quantifiable measure.

Other
1 https://www.cityofindianwells.org/home/showp
ublisheddocument/8nt/8372/6382520895393300
00 4. Residential
Development Monitoring
(No Net Loss)
Annually monitor the City's sites inventory
and continued ability to accommodate the
remaining RHNA.
12/31/2029
6th Cycle
Continuous
The City evaluates a project's housing density on an ongoing, project -by - project basis to ensure the proposed density complies with the standards listed in the City's Zoning Code. If a proposed project falls within a site identified in the Housing Element site inventory, it will be quantified as a project under program 4. Review of the project will need to comply with both the City's Municipal Code and adopted housing element. Monitoring on a case by case basis, having a project that is located within the site inventory is the quantable measure.

Other
0 None

5. General Plan Update
Update the General Plan to identify
vacant/underutilized sites for residential
development.
12/31/2024
6th Cycle
Completed
The City adopted Resolution 2025-04 and Ordinance 762 for its Comprehensive General Plan Update and associated amendments to the Zonning Map. The General Plan's updated Land Use Map and associated Zone Map Amendment facilitates lower income housing opportunities wthin the City which will directly benefit citizens with a wide range of economic backgrounds, including workforce housing, disadvantaged groups, and those with special housing needs. Program Complete.

Resolution 2025-04 and Ordinance 762 are the quantifiable measures.

Other
2 https://drive.google.com/driveffolders/1D232L
GP7usp=s arrow CboAUcnl-
wFt?usp=sharing

5. General Plan Update
Incorporate strategies to support future
RHNA and affordable housin g production.
12/31/2024
6th Cycle
Completed
The City adopted Resolution 2025-03 certifying the Final Environmental Impact Report, statement of Overriding Considerations, and mitigation and monitoring report in support of its Comprehensive General Plan Update. Environmental impacts of the City's Buildout, which includes the City's new Public Benefit Zone, were analyzed and mitigation was adopted as appropriate. Program Complete. Resolution 2025-04 and Ordinance 762 are the quantifiable measures.

Other
2 https://drive.google.com/drivelfolders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

6. Evaluate Alternative
Funding and Financing
Mechanisms
Collaborate with Lift to Rise's Housing
Collaborative Action Network
12/31/2029
6th Cycle
Continuous
The City continues to Collaborate with Lift to Rise's Collaborative Action Network and has supported their calls for sustained federal resources with an advocacy letter sent to Senators Schiff and Padilla and Congressmen Ruiz and Calvert. Letters in support of additional funding is a quantifiable measure
Other
3 https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

6. Evaluate Alternative
Funding and Financing
Mechanisms
Identify and pursue alternative
funding/financing strategies for new
housing and rehabilitation projects.
12/31/2023
6th Cycle
Continuous
The City has applied and received SB2 and LEAP grant funding to complete its Comprehensive General Plan and Housing Element, respectively. The City will continue to monitor grant opportunities and apply for for funding on a yearly basis. Number of grants awarded and closed out are the quantifiable measure.

Other
2 https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAiJcnI-
wFt?usp=sharing

7. Replacement of
Affordable Units
For development projects on sites with prior
affordable housing restrictions, ensure that
any lost affordable units are replaced at the
same or lower income level.
12/31/2029
6th Cycle
Continuous
The City will implement and annually monitor and report replacement units throughout the planning period.Staff screened all applicable applications in 2025 and identified no projects that triggered replacement obligations, so no affordable units were lost and no replacement units were required. Replacement of affordable units is the quantifiable measure
Other
0 None

Page 71 of 723 ends

Council Meeting Agenda- April 16, 2026

8. Accessory Dwelling
Units and SB 9 Units
Amend the City's ADU Ordinance (and
align with SB 9) to support ADU/JADU
production.
12/31/2029
6th Cycle
Continuous
The City has updated its ADU Ordinances to be consistent with 2025 California law via Ordinance 769. The City continues to monitor and amend the ordinance as needed based on future changes to State Law.

HCD confirmed receipt of the Ordinance on February 17, 2026, and no comments have been received to date. Amending the ADU ordinance in 2025 is the quantifiable measure.

Other
1 hrips://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

8. Accessory Dwelling
Units and SB 9 Units
Research and pursue financial assistance
(low -interest loans/grants) to spur
development of deed -restricted ADUs/SB 9
units, especially for lower -income
households.
6/1/2024
6th Cycle
Continuous
The City continues to research funding and financial opportunities that will provide low -interest loans to single-family owners and grants to homeowners with household incomes up to 80% of the Area Median Income to develop ADUs, JADUs, and SB 9 units with affordability restrictions on their property. The City committed to establishing a pilot program by June 2025, if funding became available; however, no funds have been identified to date. The City is aware of CaIFHA's ADU Grant Programs and directs residents to this opportunity, but staff notes that the latest round of funding closed on December 28, 2023. To help streamline review timelines and reduce overall costs, the City has established a Preapproved ADU Program. The City's preapproved ADU program can be found here: https://www.cityofindianwells.org/city- hall/departments/planning/pre-approved-adu. Establishment of the ADU program is the current quantifiable measure, until a funding program that can fund at least 2 deed restricted ADUs and SB9 units annually is established.

Other
1 https://www.cityofindianwells.org/city-
hall/departments/planning/pre-approved-adu

9. Public Property
Conversion to Housing
Program/City-Owned Sites
Maintain and update a list of surplus City-
owned lands.
12/31/2029
6th Cycle
Completed
The City continues to inventory City -owned sites and make them available for development of affordable housing. The total number of sites listed in the Housing Element Site Inventory are the quantifiable measures.

Other
2 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

9. Public Property
Conversion to Housing
Program/City-Owned Sites
Work with nonprofits and developers to
convert feasible sites into affordable
housing, targeting at least 99 affordable
units.
12/31/2029
6th Cycle
Continuous
The City continues to collaborate with nonprofit organizations to promote affordable housing. The City -owned lands listed in the Site Inventory are still available for development of affordable housing, should a developer select these sites for development. Total inventory sites are the auantifiable measure
Other
2 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

10. Monitoring Potential
Constraints
Periodically review City regulations,
procedures, and fees for potential
constraints.
12/31/2029
6th Cycle
Continuous
The City continues to review its regulations, procedures, and fees to identify and alleviate constraints. This will be further evaluated during its Comprehensive Code Update project over the next 18 months. Annual review is the Quantifiable measure.

Other
1 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

11. Monitoring Reasonable
Accommodation
Procedures
Evaluate and update procedures for
reasonable accommodations to ensure
alignment with fair housing laws and
practices.
12/31/2029
6th Cycle
Continuous
The City continues to evaluate its adopted reasonable accommodation precedures annually and revise as appropriate to ensure consistency with fair housing requirements. Annual review is the quantifiable measure.

Other
1 None

12. Development
Guidelines and
Procedures
Maintain, update, and make available
development guidelines (including
application materials, timeframes, and fee
structures) to help developers understand
the review process and available
incentives.
12/31/2029
6th Cycle
Continuous
The City continues to provide developers with information regarding development review procedures and incentives available for affordable housing development via online and at the public counter by requesting hard copies with our Permit Technicians. Number of different locations the developer can seek development information is the quantifiable number (online, in person, and City Municipal Code).

Other
3 Applying information:
https://www.cityofindianwells.org/city-
halVdepartments/planning/applying-
information

13. Development Code
Amendments - Housing
Constraints
Removal of Governmental Constraints
12/31/2024
6th Cycle
In Progress
Revise the City's Development Code to remove constraints to a variety of housing types (including provisions for low barrier navigation centers, agricultural worker housing, streamlined reviews, and more); and ensure the City's standards and permitting requirements are consistent with State law. The City has recently awarded and executed a professional services agreement with a consultant for a Comprehensive Zoning and Municipal Code Update that will include Development Code Updates that will evaluate barriers to housing constraints. Entering into an agreement with a qualified consultant to evaluate barriers is the quantified outcome.

Other
1 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

Page 72 of 723 ends

Council Meeting Agenda- April 16, 2026

14. Density Bonus
Ordinance
Amend the Density Bonus Ordinance to
offer bonuses and incentives for projects
with 100% very low- and low-income units.
12/31/2024
6th Cycle
Completed
Ordinance 753 added Chapter 21.37 to the City's Zoning Code, and ammended the zoning map to add the Public Benefit zoning District. The purpose of the Public Benefit Zone is to provide space for the provision of uses that are beneficial to the public, including affordable housing and supporting uses. The new section advises the applicant of the opportunity to apply for density bonus, incentives or concessions, waivers or reductions in development standards and reduced parking ratios in accordance with Government Code Section 65915 and Section

21.20.040 of the City's Municipal Code. Additionally, a developer may apply to the City to construct affordable housing in any residential zone, concurrent with the application of the Affordable Housing Overlay in accordance with Chapter 21.28. Ordinance 753 is the quantified outcome as it represents the completed changes and availability for density bonus in the City.

Other
1 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

14. Density Bonus
Ordinance
Promote the use of density bonus
incentives to developers and provide
technical assistance to developers in
utilizing density bonus for maximize
feasibility and meet local housing needs.
12/31/2024
6th Cycle
Completed
The City continues to provide developers information regarding density bonus and incentives available for affordable housing development via the online Municipal Code and at the public counter via our Permit Technician. Ordinance 753 is the quantified outcome as it represents the completed changes and availability for density bonus in the City.

Other
1 https://ecode360.com/45310679#45310679

15. Emergency Shelters
Update the Development Code to permit
emergency shelters (including ancillary to
places of worship) and establish objective
standards e.
( g., capacity, parking, security).
4/4/2025
6th Cycle
In Progress
The City has recently awarded a qualified firm, De Novo Planning Group, for the Indian Wells Comprehensive Zoning and Municipal Code Update bid, which will update the City's Zoning Code (Development Code) that will evaluate its current emergency shelter provisions for alignment with State law. Award of the bid is the quantifiable measure.

Other
1 https://drive.google.com/drive/folders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

16. Fair Housing Policy
Procedures
Maintain a listing of fair housing groups and
provide accessible fair housing educational
materials.
12/31/2023
6th Cycle
Completed
The City continues to refer residents to Fair Housing Groups serving Riverside County concerning housing -related complaints. Printed and electronic materials related to housing resources will be made available at the public counter and the City's website here:
https://www.cityofindianwells.org/city-hall/departments/housing-authority .

The website is the auantifiable measure.

Other
1 https://www.cityofindianwells.org/city-
hall/departments/housing-authority

16. Fair Housing Policy
Procedures
Act as a liaison to address and refer
housing discrimination complaints.
12/31/2023
6th Cycle
Completed
The City continues to refer residents to the Fair Housing Council of Riverside County (FHCRC) concerning housing discrimination. The Citys website refers residents to the County Housing Authority, and printed material is available upon request at the counter. The website is the auantifiable measure
Other
1 https://www.cityofindianwells.org/city-
hall/departments/housing-authority

17. Section 8 Housing
Choice Vouchers
Provide information on the Section 8
Program and refer all inquiries to the
County Housing Authority.
12/31/2029
6th Cycle
Continuous
The City will continue to provide referral services on behalf of the County and disseminate information to City residents. Physical copies are available upon request at the City. The website is the quantifiable measure.

Other
1 https://www.cityofindianwells.org/city-
hall/departments/housing-authority

17. Section 8 Housing
Choice Vouchers
Support continuity and potential expansion
of voucher assistance (with current usage
data noted).
12/31/2029
6th Cycle
Continuous
The City will continue to provide affordable housing resources at the public counter and the City's website here:
htts://www.ci ofindianwells.or /ci hall/de artments/housin -authori P ty 9 ty P 9 ty'
The website is the auantifiable measure.

Other
1 https://www.cityofindianwells.org/city-
hall/de artments/housin-authori
P 9 ty

18. Support for Persons
Experiencing
Homelessness
Address issues of Homelessness
12/31/2029
6th Cycle
Continuous
Per SB341 the City's Housing Authority donated $250,000 from its LMIHAF to local organizations that are working on homeless prevention and rapid rehousing services, including Coachella Valley Rescue Mission, Martha's Village and Kitchen, FIND Food Bank, Shelter from the Storm, Olive Crest, and Well in the Desert. The City will continue to meet and coordinate, at least annually, with the County of Riverside, the Coachella Valley Association of Governments, and adjacent jurisdictions and non- profits to address the needs of persons experiencing homelessness in the Coachella Valley. Information will be presented to the City Council annually. Financial assistance (in hundreds of thousands) is the quantifiable outcome for supporting persons experiencing homelessness.

Other
250
https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

19. Support for Persons
with Developmental
Disabilities
Adequate housing for persons with
developmental disabilities
p
12/31/2029
6th Cycle
Continuous
The City will continue to support the ability of persons with developmental disabilities to live in integrated community settings via coordination and partnerships with local service providers. Housing resources are available on the City's Housing Authoritywebpage, including the Inland Regional Center, whichprovides support services for people with developmental

PP P P P
disabilities in the Inland Empire and Riverside County. Printed resources are available at the public counter upon request. Having the resouce advertised online is the quantifiable outcome.

Other
1 https://www.cityofindianwells.org/city-
halVde artments/housin authori
P 9 ty

Page 73 of 723 ends

Council Meeting Agenda- April 16, 2026

20. Affirmatively
Furthering Fair Housing
Program
Facilitate equal and fair housing
opportunities by implementing measures to
affirmatively further fair housing and
opportunities for all persons regardless of
race, religion, sex, age, marital or familial
status, ancestry, national origin, color,
disability, or other protected characteristics,
12/31/2029
6th Cycle
Continuous
The City will continue to develop and provide fair housing education, outreach, and/or resources to stakeholders and City Staff to reduce fair housing discrimination. City staff is available to meet with developers and identify special housing needs to encourage development of special needs housing. Through the Public Benefit Zoning district, developers are encouraged to apply for a density bonus, incentives or concessions, waivers or reductions in development standards, and reduced parking ratios in accordance with Government Code Section 65915 and Section

21.20.040 of the City's municipal code. This program is a culmination of all other program efforts, and the City continously implements efforts to increase housing production, reduce barriers, support fair housing, and promote altemative housing development through ADUs or SB9 units.

The total housing units that received building permits in 2025 is the quantifiable measure of this program, as it is the unit of measurement that quantifies the City's efforts towards a better mix of housing production.

Units
I3
https://drive.google.com/driveffolders/1D232L
GPEfObOZGIf4waCboAiJcnl-
wFt?usp=sharing

21. Green Building
Pro ram
g
Promote energy conservation and green

building practices in housing.
12/31/2029
6th Cycle

Continuous
The City will continue to monitor and adopt the California Green Building Standards (CALGreen) and review for compliance prior to building permit issuance. CalGreen Requirements are listed on the City's Website here:
https://www.cityofind ianwells.org/city-hall/departments/build ing/handouts- links. Additionally, the City partnered with the Coachella Valley Association of Govemments and IREN to produce a Resilience Roadmap p' fy g use to improve
that helps the City identify sites with the highest energy energy efficiency. Lastly, the City participated in CVAG's Comprehensive Climate Action Plan, which further confirmed that the City is on track to meet its 2030 GHG reduction target. The quantifiable measure is the two worksheets advertised on the City's site that list the Green Building mandatory measures.

Other
2 https://drive.google.com/driveffolders/1D232L
GPwFt us OZGIf4waCboAiJcnl-
wFt?usp=sharing

Page 74 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
(CCR Title 25 §6202)
Note: "+" indicates an optional field
Cells in grey contain auto -calculation
formulas
Keporting (,.an. ' - Uec.

Period 2025 31)
Planning 6th Cycle 10/15/2021 - 10/15/2029
Table E
Commercial Development Bonus Approved pursuant to GC Section 65915.7 Project Identifier
Units Constructed as Part of Agreement
Description of
Commercial
Development Bonus
Commercial Development Bonus
Date Approved
1 2
3 4
APN
Street Address
Project Name+
Local
Jurisdiction
Tracking ID+
Very Low
Income
Low
Income
Moderate
Income
Above Moderate
Income
Description of
Commercial
Development Bonus
Commercial Development Bonus
Date Approved
Summary Row: Start Data Entry Below
Annual Progress Report

Page 7 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
(Jan. 1 - Dec.

Reporting Period 2025 31)
Planning Period
6th Cycle 10/15/2021 - 10/15/2029

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation formulas
Table F
Units Rehabilitated, Preserved and Acquired for Alternative Adequate Sites pursuant to Government Code section 65583.1(c) Please note this table is optional: The jurisdiction can use this table to report units that have been substantially rehabilitated, converted from non -affordable to affordable by acquisition, and preserved, including mobilehome park preservation, consistent with the standards set forth in Government Code section 65583.1, subdivision (c). Please note, motel, hotel, hostel rooms or other structures that are converted from non-residential to residential units pursuant to Government Code section 65583.1(c)(1)(D) are considered net -new housing units and must be reported in Table A2 and not reported in Table F.

Activity Type
Units that Do Not Count Towards RHNA+
Listed for Informational Purposes Only
Units that Count Towards RHNA +
Note - Because the statutory requirements severely limit what can be counted, please contact HCD at [email protected] and we will unlock the form which enable you to populate these fields.

The description should adequately document
how each unit complies with subsection (c) of
Government Code Section 65583.1+.

For detailed reporting requirements, see the
chcklist here:

Extremely Low -
Income+
Very Low -
Income+
Low -Income+
TOTAL UNITS+
Extremely Low -
Income+
Very Low -
Income+
Low -Income+
TOTAL
UNITS+
https://www.hcd.ca.gov/community-
development/docs/adequate-sites-checklist.pdf
Rehabilitation Activity
Preservation of Units At -Risk
Acquisition of Units
Mobilehome Park Preservation
Total Units by Income
Annual Progress Report

Page 76 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting
Period
2025 (Jan. 1 - Dec. 31)
Planning
Period
6th Cycle 10/15/2021 - 10/15/2029

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an
optional field
Cells in grey contain auto -calculation formulas
Table F2
Above Moderate Income Units Converted to Moderate Income Pursuant to Government Code section 65400.2 For up to 25 percent of a jurisdiction's moderate -income regional housing need allocation, the planning agency may include the number of units in an existing multifamily building that were converted to deed -restricted rental housing for moderate -income households by the imposition of affordability covenants and restrictions for the unit. Before adding information to this table, please ensure housing developments meet the requirements described in Government Code 65400.2(b).

Project Identifier
Unit Types
Affordability by Household Incomes After Conversion
Units credited toward Moderate
Income RHNA
Notes
1 2
3 4
5 6
Prior APN'
Current APN
Street Address
Project Name
Local
Jurisdiction
Tracking ID
Unit
Category
(2 to 4,5+)
Tenure
R=Renter
Very Low-
Income Deed
Restricted
Very Low-
Income
Non Deed
Restricted
Low- Income Deed
Restricted
Low- Income
Non Deed
Restricted
Moderate-
Income Deed
Restricted
Moderate -
Income Non
Deed
Restricted
Above
Moderate-
Income
Total Moderate Income
Units Converted from
Above Moderate
Date
a
Converted tes
Summary Row: Start Data Entry Below
0 0 0 0 0 0 0 0

Page 77 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting
Period
2025
(Jan. 1 - Dec.
31)
Period
6th Cycle
10/15/2021 - 10/15/2029
element sites inventory contains a site which is or was owned by the reporting jurisdiction, and has been sold, leased, or otherwise disposed of during the reporting
year.

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation formulas
Table G
Locally Owned Lands Included in the Housing Element Sites Inventory that have been sold, leased, or otherwise disposed of Project Identifier
1 2
3 4
APN
Street Address
Project Name+
Local
Jurisdiction
Tracking ID+
Realistic
Capacity
Identified in the
Housing
Element
Entity to whom the site
transferred
Intended Use for Site
Summary Row: Start Data Entry Below

Page 78 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting
Period
2025
(Jan. 1 - Dec.
31)
NOTE: This table must contain an inventory
of ALL surplus/excess lands the reporting
jurisdiction owns

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation
formulas
Table H
Locally Owned Surplus Sites
Parcel Identifier
Designation
Size
Notes
1 2
3 4
5 6
7 APN
Street Address/Intersection
Existing Use
Number of
Units
Surplus
Designation
Parcel Size (in
acres)
Notes
Summary Row: Start Data Entry Below

Page 79 of 723 ends

Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting
Period
2025
(Jan. 1 - Dec.
31)
Planning
Period
6th Cycle
10/15/2021 - 10/15/2029
NOTE: STUDENT HOUSING WITH DENSITY BONUS ANNUAL ELEMENT PROGRESS REPORT ONLY. This table only needs to be completed if there
were student housing projects WITH a density bonus Housing Element Implementation approved pursuant to Government
Code65915(b)(1)(F)
Note: "+" indicates an optional field
Cells in grey contain auto -calculation formulas
Table J
Student housing development for lower income students for which was granted a density bonus pursuant to subparagraph (F) of paragraph (1) of subdivision (b) of Section 65915 Project Identifier
Project Type
Date
Units (Beds/Student Capacity) Approved
Units
(Beds/Student
Capacity) Granted
Notes
1 2
3 4
5 6
APN
Street Address
Project Name+
Local
Jurisdiction
ID+
Unit Category
(SH - Student
Housing)
Date
Very Low-
Income Deed
Restricted
Very Low-
Income Non
DeeTracking
Restricted
Low- Income
Deed
Restricted
Low- Income
Non Deed
Restricted
Moderate-
Income Deed
Restricted
Moderate-
Income Non
RestricDeeted
Above
Moderate-
Income
Total Additional
Beds Created Due
to Density Bonus
Notes
Summary Row: Start Data Entry Below
Annual Progress Report

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Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting Period
2025 (Jan. 1 - Dec. 31)
Planning Period
6th Cycle 10/15/2021 - 10/15/2029

ANNUAL ELEMENT PROGRESS REPORT
Table K
Tenant Preference Policy
Local governments are required to inform HCD about any local tenant preference ordinance the local government maintains when the jurisdiction submits their annual progress report on housing approvals and production, per Government Code 7061 (SB 649, 2022, Cortese). Effective January 1, 2023, local governments adopting a tenant preference are required to create a webpage on their internet website containing authorizing local ordinance and supporting materials, no more than 90 days after the ordinance becomes operational.

Does the Jurisdiction have a local tenant preference policy? If the jurisdiction has a local tenant preference policy, provide a link to the jurisdiction's webpage containing authorizing local ordinance and supporting materials.

Notes
No

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Council Meeting Agenda- April 16, 2026
Jurisdiction Indian Wells
Reporting
Period
2025
(Jan. 1 - Dec.
31)
NOTE: This table needs to be completed with any sites within your jurisdiction that were newly added to a National, State, or Local register of historic places within the reporting year. If none, leave blank.

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Note: "+" indicates an optional field
Cells in grey contain auto -calculation
formulas
Table L
Historical Resources
Parcel Identifier
Designation
Size
Notes
1 2
3 4
APN
Street Address/Intersection
Date of
Designation
Designation
Level
Historic Site
Period
Areas of
Significance
Parcel Size (in
acres)
Notes
Summary Row:

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Council Meeting Agenda- April 16, 2026
Jurisdiction
Indian Wells
Reporting Year
2025
(Jan. 1 - Dec. 31)

ANNUAL ELEMENT PROGRESS REPORT
Local Early Action Planning (LEAP) Reporting
(CCR Title 25 §6202)
Please update the status of the proposed uses listed in the entity's application for funding and the corresponding impact on housing within the region or jurisdiction, as applicable, categorized based on the eligible uses specified in Section 50515.02 or 50515.03, as applicable.

Total Award Amount
65,000.00
Total award amount is auto -populated based on amounts entered in rows 15-26.

Task
$ Amount Awarded
$ Cumulative Reimbursement Requested
Task Status
Other
Funding
Notes
Existing Conditions Report
$16,250.00
$16,250.00
Completed
Other
SB 2 Grant (Other Funding Source)
Community Engagement
$16,250.00
$32,500.00
Completed
Other
SB 2 Grant (Other Funding Source)
SB 2 Grant (Other Funding Source)
SB 2 Grant (Other Funding Source)
Draft Housing Element Prep
$16,250.00
$48,750.00
Completed
Other
Final Housing Element Adopt
$16,250.00
$65,000.00
Completed
Other
Summary of entitlements, building permits, and certificates of occupancy (auto -populated from Table A2) Completed Entitlement Issued by Affordability Summary
Income Level
Current Year
Acutely Low
Deed Restricted
0 Non -Deed Restricted
0 Extremely Low
Deed Restricted
0 Non -Deed Restricted
0 Very Low
Deed Restricted
0 Non -Deed Restricted
0 Low
Deed Restricted
0 Non -Deed Restricted
0 Moderate
Deed Restricted
0 Non -Deed Restricted
0 Above Moderate
0 Total Units
0 Building Permits Issued by Affordability Summary
Income Level
Current Year
Acutely Low
Deed Restricted
0 Non -Deed Restricted
0 Extremely Low
Deed Restricted
0 Non -Deed Restricted
1 Very Low
Deed Restricted
0 Non -Deed Restricted
2 Low
Deed Restricted
0 Non -Deed Restricted
2 Moderate
Deed Restricted
0 Non -Deed Restricted
0 Above Moderate
8

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Council Meeting Agenda- April 16, 2026
Total Units
13 Certificate of Occupancy Issued by Affordability Summary Income Level
Current Year
Acutely Low
Deed Restricted
0 Non -Deed Restricted
0 Extremely Low
Deed Restricted
0 Non -Deed Restricted
0 Very Low
Deed Restricted
0 Non -Deed Restricted
0 Low
Deed Restricted
0 Non -Deed Restricted
1 Moderate
Deed Restricted
0 Non -Deed Restricted
0 Above Moderate
10 Total Units
11

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ATTACHMENT #2 Council Meeting Agenda- April 16, 2026

ADDENDUM TO THE ANNUAL ELEMENT PROGRESS REPORT

CITY OF INDIAN WELLS -SUCCESSOR HOUSING AGENCY
Low and Moderate Income Housing Assets Fund
Specified Activity Information in Accordance with HSC 34176.1 Year Ended June 30, 2025

1. The amount deposited to the Low and Moderate Income Housing Asset Fund, distinguishing any amounts held for items listed on the Recognized Obligation Payment Schedule from other amounts. [Health and Safety Code 34176.1(f)(1)]
Recognized Obligation Payment Schedule amounts
$ -
Other amounts
$ 578,681
TOTAL
$ 578,681

2. A statement of the balance in the Low and Moderate Income Housing Asset Fund, distinguishing any amounts held for items listed on the Recognized Obligation Payment Schedule from other amounts. [Health and Safety Code 34176.1(f)(2)]
Recognized Obligation Payment Schedule amounts
$ -
Other amounts
$ 13,105,862
TOTAL
$ 13,105,862

3. A description of expenditures from the fund by category, including, but not limited to, expenditures (A) for monitoring and preserving the long-term affordability of units subject to affordability restrictions or covenants entered into by the redevelopment agency or the housing successor and administering the activities described in paragraphs (2) and (3) of subdivision (a), (B) for homeless prevention and rapid rehousing services for the development of housing described in paragraph (2) of subdivision (a), and (C) for the development of housing pursuant to paragraph (3) of subdivision (a). [Health and Safety Code 34176.1(f)(3)]
(A) Monitoring/preserving
$ 4,959,072
(B) Homeless prevention/rapid rehousing
$ 250,000
(C) Housing development
$ -
TOTAL
$ 5,209,072

4. As described in paragraph (1) of subdivision (a), the statutory value of real property owned by the housing successor, the value of loans and grants receivable, and the sum of these two amounts. [Health and Safety Code 34176.1(f)(4)]
Assets held for disposition
$ -
Loans receivable
$ -
TOTAL
$ -

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Council Meeting Agenda- April 16, 2026

ADDENDUM TO THE ANNUAL ELEMENT PROGRESS REPORT

CITY OF INDIAN WELLS - SUCCESSOR HOUSING AGENCY
Low and Moderate Income Housing Assets Fund
Specified Activity Information in Accordance with HSC 34176.1 Year Ended June 30, 2025

5. A description of any transfers made pursuant to paragraph (2) of subdivision (c) in the previous fiscal year and, if still unencumbered, in earlier fiscal years and a description of and status update on any project for which transferred funds have been or will be expended if that project has not yet been placed in service. [Health and Safety Code 34176.1(f)(5)] No Low and Moderate Income Housing Asset Fund monies were transferred.

6. A description of any project for which the housing successor receives or holds property tax revenue pursuant to the Recognized Obligation Payment Schedule and the status of that project. [Health and Safety Code 34176.1(f)(6)]
The Low and Moderate Income Housing Asset Fund did not receive or hold property tax revenues pursuant to the Recognized Obligation Payment Schedule during the fiscal year.

7. For interests in real property acquired by the former redevelopment agency prior to February 1, 2012, a status update on compliance with Section 33334.16. For interests in real property acquired on or after February 1, 2012, a status update on the project. [Health and Safety Code 34176.1(f)(7)] APN
Date
Acquired
DOF Transfer
Approval
Original
Cost
Status
633-410-039
2002
8/31/12
5,553,197
No Activity
TOTAL
$ 5,553,197

8. A description of any outstanding obligations pursuant to Section 33413 that remained to transfer to the housing successor on February 1, 2012, of the housing successor's progress in meeting those obligations, and of the housing successor's plans to meet unmet obligations. In addition, the housing successor shall include in the report posted on its Internet Web site the implementation plans of the former redevelopment agency. [Health and Safety Code 34176.1(f)(8)]

TO BE PROVIDED BY HOUSING DEPARTMENT ON ANNUAL ELEMENT PROGRESS REPORT

9. The information required by subparagraph (B) of paragraph (3) of subdivision (a). [Health and Safety Code 34176.1(f)(9)]

TO BE PROVIDED BY HOUSING DEPARTMENT ON ANNUAL ELEMENT PROGRESS REPORT

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ADDENDUM TO THE ANNUAL ELEMENT PROGRESS REPORT

CITY OF INDIAN WELLS - SUCCESSOR HOUSING AGENCY
Low and Moderate Income Housing Assets Fund
Specified Activity Information in Accordance with HSC 34176.1 Year Ended June 30, 2025

10. The percentage of units of deed -restricted rental housing restricted to seniors and assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the previous 10 years in relation to the aggregate number of units of deed - restricted rental housing assisted individually or jointly by the housing successor, its former redevelopment agency, and its host jurisdiction within the same time period. [Health and Safety Code 34176.1(f)(10)]
No units constructed within the last ten years.

11. The amount of any excess surplus, the amount of time that the successor agency has had excess surplus, and the housing successor's plan for eliminating the excess surplus. [Health and Safety Code 34176.1(f)(11)]

CITY OF INDIAN WELLS HOUSING SUCCESSOR

COMPUTATION OF HOUSING SUCCESSOR
EXCESS/SURPLUS (HSC 34176.1)
Low and
Moderate
Low and
Moderate
Housing
Funds
Housing
Funds
All Project
Area
All Project
Area
July
1, 2024
July
1, 2025
Opening Fund
Balance
$ 16,134,352
$ 12,979,855
Less Unavailable
Amounts:

Loans receivable
(12,140,000)
(12,140,000)
Construction
Encumbrance
- Public
Improvements
(2,800,000)
(2,800,000)
(14,940,000)
(14,940,000)
Available
Housing Successor
Funds
1,194,352
(1,960,145)
Limitation
(greater of
$1,000,000 or
four years deposits)
Aggregate
amount
deposited for last
four years:
2024 - 2025
3,376,256
2023 - 2024
3,101,909
3,101,909
2022 - 2023
2,501,104
2,501,104
2021 -2022
3,166,513
3,166,513
2020 - 2021
7,747,321
Total
$ 16,516,847
$ 12,145,782
Base
Limitation
$ 1,000,000
$ 1,000,000
Greater
amount
16,516,847
12,145,782
Computed Excess/Surplus
None
None
$ (15,322,495) $ (14,105,927)
* Aggregate amount deposited for last four years

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Council Meeting Agenda- April 16, 2026

INDIAN WELLS CITY COUNCIL
April 16, 2026
To: City Council
From: Finance Department
Prepared by: Kevin McCarthy, Finance Director
Subject: Amendment to Fiscal Policies and Procedures Manual — Increase of No -Bidding Threshold from $5,000 to $25,000

RECOMMENDED
ACTIONS:

Council REVIEWS Amendments to the City's Fiscal Procedures Manual; and APPROVES amending the City of Indian Wells Fiscal Policies and Procedures Manual as presented; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.

DISCUSSION:

The Finance Committee recommends that the City Council adopt an amendment to the City's Fiscal Policies and Procedures Manual, increasing the current no -bidding threshold from $5,000 to $25,000 for goods purchases, public project construction contracts, and services (contractual, maintenance, and professional). No other modifications to the Manual are proposed.

The $5,000 no -bidding threshold has remained unchanged for more than two decades.

During that time, inflation and market cost increases have materially reduced its practical value. Routine work —such as HVAC repairs and minor facility repairs —now frequently exceed $5,000 and therefore requires soliciting and documenting price quotes.

Regardless of contract amount, City procedures require a written agreement, insurance and indemnification compliance, City Clerk review, and approval through the Munis workflow system. The solicitation of price quotes is only one component of a broader administrative and internal control framework that remains in effect for all contracts.

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Section 5 of the Fiscal Policies and Procedures Manual establishes purchasing categories and corresponding bidding requirements. Under current policy, contracts of $5,000 or less do not require competitive price quotes. Contracts exceeding $5,000 and up to $25,000 require staff to obtain and document price quotations prior to award.

Due to cost escalation, many minor maintenance and repair projects that historically fell below the threshold now exceed it. Staff regularly encounter straightforward repair or service engagements that exceed $5,000. Although qualified vendors are available and pricing is generally known through prior work or market familiarity, the City must still complete the quote documentation process. This requirement does not replace the need for a written City contract, insurance documentation, or formal approval, which remain mandatory.

Increasing the threshold to $25,000 modernizes the policy to reflect current market conditions while maintaining the same accountability.

Analysis:

The central consideration is whether increasing the no -bidding threshold materially alters the City's internal control environment. The Finance Committee has concluded that it does not.

First, the adjustment reflects inflationary realities. A $5,000 threshold established more than twenty years ago represents significantly reduced purchasing power today.

Increasing the threshold to $25,000 restores proportionality between administrative effort and contract size.

Second, internal controls extend well beyond the solicitation of price quotes. All service and public project contracts —regardless of amount —require a written City agreement, insurance and indemnification compliance, and adherence to contract processing guidelines. Budget verification is required prior to execution, and approval authority levels for Department Heads, the Finance Director, and the City Manager remain unchanged. Workflow approvals and audit oversight continue to apply.

Third, contracts exceeding $25,000 will continue to require competitive bid procedures, including Requests for Proposals where applicable.

From a risk perspective, increasing the threshold from $5,000 to $25,000 does not materially increase fiscal exposure. The amendment is limited solely to increasing the no -bidding threshold. It does not modify approval authority levels, contract term limits, insurance requirements, emergency purchase provisions, protest procedures, or formal bidding thresholds.

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OPTIONS:

The City Council may:

1. Approve the proposed amendment as recommended by the Finance Committee;

2. Approve the amendment with modification and direct staff to return with a revised resolution;

3. Maintain the existing $5,000 no -bidding threshold; or

4. Provide an alternative direction to the staff.

FISCAL IMPACT:

There is no direct fiscal impact associated with the proposed amendment. The change is administrative in nature. Indirectly, the adjustment is expected to reduce processing time for smaller projects and improve operational responsiveness without diminishing financial safeguards.

CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA):

This action has been reviewed per the authority and criteria contained in the California Environmental Quality Act (CEQA), the State and local CEQA Guidelines, and the City's environmental regulations. The City, acting as the Lead Agency, determined that the ordinance is not subject to CEQA pursuant to Sections 15060(c)(2), 15060(c)(3), and 15061(b)(3) of the State CEQA Guidelines, because it will not result in a direct or reasonably foreseeable indirect physical change to the environment as there is no possibility that the action would result in a significant environmental impact, and because it does not constitute a "project" as defined in Section 15378 of the State CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3.

ATTACHMENT:

1. Draft Fiscal Policies and Procedures Manual

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Council Meeting Agenda- April 16, 2026
ATTACHMENT #1
INDIAN \\I WALLS
. LI FORN
Fiscal Policies and Procedures
Manual
Council Consideration April 16, 2026
Finance Committee Approved March 9, 2026

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Fiscal Policies & Procedures Manual
Table of Contents
Purpose 1
Adoption of the Budget 2
Expenditure of Funds 2
Budget Adjustment Procedures 3
Purchasing Procedures 3
Procurement Methods 10
Invoices 16
State of California, Riverside County, or Public Agency Purchasing Program 16 Management Agreements 17
Fire Access Maintenance District No. 1 17
City Credit Card Purchases 19
Capital Assets Policy and Procedures 23
Reimbursement Policy and Procedures 24
Federal Funded Procurements 29
Cash Receipts 43
Billing for Services 43
Refundable Deposits 44
Claims and Demands Upon the City 44

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City of Indian Wells
Fiscal Policies and Procedures Manual
City of Indian Wells
Fiscal Policies and Procedures Manual

1. Purpose
The goal of the Finance Department is to receive the maximum value for the taxpayer's dollar by obtaining goods and services at the best possible price and quality. Therefore, proper purchasing is required when using Public Funds to acquire supplies, materials, equipment, construction, and professional services for the City. The goals and objectives of this Manual are:
• To ensure compliance with all current laws and regulations • To promote transparency of the City's procurement activities • To establish standardized cost-effective purchasing methods • To ensure continuity of City operations
• To facilitate fair, competitive processes
• To maintain integrity and fairness
• To support the City's mission and serve the public's best interest.

The policies and procedures outlined in this Manual shall apply to the City of Indian Wells and its component units. The Fiscal Policy and Procedures Manual (the Manual) assists with compliance with requirements and administrative procedures. The Manual documents policies and procedures related to budgeting, cash receipts, expenditures, disbursements, purchasing, contracts, and financial reporting.

City funds are entrusted to the City Manager and Department Heads. The City Manager and Department Heads are responsible for the expenditure of public monies following the Indian Wells Municipal Code. The City Manager and Department Heads make decisions and exercise authority relative to the expenditure of funds within the Department's appropriation(s) and legal function. This Manual assists City employees and officials in complying with laws, policies, and procedures that apply to the fiscal administration of City departments.

This Manual standardizes accounting and financial policies and procedures. The City Council has approved this Manual to establish rules and regulations governing the performance of accounting and financial functions.

The Manual guides elected and appointed officials on the use and expenditure of City funds and resources and the standards against which those expenditures will be measured. It is the intent that this Manual will fully satisfy the requirements of Government Code sections 53232.2 and 53233.3. As used in this Manual, elected and appointed officials apply to members of the City Council, Planning Commission, standing 1

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committees, and all other legislative bodies as defined in Government Code section 54952.

Revisions to the Manual may occur from time to time. Administrative changes clarifying procedures are performed by staff. Substantive changes to the policy are presented to the City's Finance Committee for review and discussion before seeking final approval from the City Council. The Manual can be accessed from the City's website at www.cityofindianwells.org .

2. Adoption of the Budget
The City Council formally adopts a biennial operating and capital budget (the "Budget").

When the City Council adopts the Budget, they appropriate the funds necessary to pay for expected City expenditures for each fiscal year. An appropriation is an authorization to incur obligations on behalf of the City. This authorization allows for the expense of City funds to pay those obligations. Authorized obligations are limited to the current operational year of the Budget.

3. Expenditure of Funds
The adopted Budget serves as the foundational document for the classification, allocation, and expenditure of City funds. Upon adoption, the City Manager is authorized to incur obligations and authorize expenditures within the scope of the approved Budget. These expenditures encompass the procurement of goods, services, and public projects required by the City. All spending within a specific fund or capital project must adhere to the limits set forth in the adopted Budget. No expenditures shall be approved for any account where the deficit exceeds the available balance allocated to the program.

Budgeted expenditure approvals are subject to the following authority thresholds:
• Department Head or Authorized Designee: Up to $25,000 • Finance Director: $25,001 to $100,000
• City Manager: Over $100,000
Furthermore, the City Council authorizes the City Manager to approve expenditures up to $25,000 for items not specifically accounted for within the adopted Budget. However, the City Manager is prohibited from authorizing any spending beyond the appropriated Budget. Except as provided in the emergency procedures section of this policy, any supplemental appropriations exceeding the adopted Budget must receive prior approval from the City Council.
2

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Fiscal Policies and Procedures Manual

4. Budget Adjustment Procedures
It is sometimes necessary to amend the Budget to provide additional appropriations or fund transfers.

Supplemental Appropriations
Supplemental appropriations provide additional spending authority to meet unexpected costs that impact operations or capital projects. City Council approval is required for all supplemental appropriations. Therefore, Department Heads must submit supplemental appropriations to the City Council for approval. Staff Reports shall include the appropriation amount, the funding source, and the purpose.

Budget Adjustments
Budget adjustments involve reallocating funds from one expenditure account to another within the same fund. Budget adjustments do not change the overall Budget within the fund or capital project. Departments initiate Budget adjustments in Munis and go through the workflow approval process. The Finance Director and Department Head approve Budget adjustments within a fund.

5. Purchasing Procedures
Purchasing procedures provide a process for purchasing goods, public projects, and services used to operate City programs. These procedures establish a system of financial controls. Departments review and manage budgets, expenditures, purchase orders, and other accounting data. The Department Head or their appointed designee, authorized by the City Manager, may purchase or engage any goods, public projects, and services under the provisions of this Manual.

Definitions
For this Manual, the following words and terms shall be construed with the following definitions:

A. "Contractual services" means the furnishing of labor, time, or effort by a contractor for non-professional services as the City may, from time to time, find necessary and proper for the functioning of the City. Examples include, but are not limited to, janitorial, uniform cleaning, or other services that do not require any unique skill, particular background, or training.
3

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Fiscal Policies and Procedures Manual
B. "Goods" means any supplies, materials, articles, things, or property other than real property furnished to be used by the City.

C. "Maintenance services" means:

1. Routine, recurring, and usual work to preserve or protect a publicly owned or operated facility for its intended purposes.

2. Minor repainting.

3. Resurfacing streets and highways at less than one inch; or

4. Landscape maintenance includes mowing, watering, trimming, pruning, planting, replacing plants, and servicing irrigation and sprinkler systems.

D. "Professional services" means services provided by a person, company, corporation, or firm engaged in a profession based on a generally recognized special knowledge, skill, license, and certification to perform the work including, but not limited to, the professions of accountant, attorney, artist, architect, landscape architect, construction manager, engineer, environmental consultant, dentist, physician, training or educational consultant, or land surveyor, and whose services are considered distinct and unique.

E. "Public project" means construction, reconstruction, erection, alteration, renovation, improvement, demolition, and repair work involving any publicly owned, leased, or operated facility.

F. "Services" means contractual, maintenance, or professional services.

Use of Contracts and Contract Requirements
City contracts are required to purchase all services and public projects provided to the City. The City uses contract templates provided by the City Attorney's office. Contract templates are updated from time to time by the City Attorney's office based on changes in law or the needs of the City.

Need for Contracts: Signing a contract indicates that all parties involved have read and agreed to the terms stipulated. The purpose of a contract is to clearly outline the terms of an agreement, including each party's obligations, the parameters for the provided service (such as performance, delivery, and cost), and payment terms. Departments shall collaborate with vendors to ensure insurance and indemnification requirements are met prior to executing contracts and engaging in work. Ensuring that these aspects of doing business are laid out and clearly defined before entering a working relationship minimizes liability and reduces the potential for confusion or unmet expectations. 4

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Fiscal Policies and Procedures Manual
Contract Processing Guidelines: All contracts must comply with the contract processing guidelines established by the City Clerk's Office. These guidelines serve as a supplement to the Fiscal Procedures Manual and may be updated periodically.

The contract processing guidelines provide detailed instructions regarding:
• Bidding requirements
• Contract standards and completion
• Review by the City Attorney and Risk Manager
• Insurance and business license requirements
• Authorization and signature requirements
All purchases or engagements for services and public projects shall be made with a fully executed contract and associated documentation, including insurance and indemnification requirements. This requirement applies to existing contracts that lapse or expire.

City contracts, including appropriate insurance and indemnification documents, are required for all purchases and public project construction projects and are subject to the approval of the City Clerk prior to the engagement of services. After selecting the contractor, the Department will submit the contract, insurance, and other required documentation to the City Clerk per the City's contract processing guidelines.

Once the City Clerk approves the contract, the contract record is entered into Munis with all supporting attachments. The Department may now submit a requisition through Munis workflow.

Departments are responsible for managing their City contracts. Department Heads and employees may be held fully liable for all purchases or expenses involved contrary to the provisions provided and may be subject to disciplinary action. The Finance Director shall be informed of such purchases and report any problems to the Department Head or City Manager, as appropriate.

Contract Terms: Contracts may not extend beyond five (5) years from the original contract date unless otherwise specified herein. Once the contract has come to term, and the City requires continued services, the staff must follow this Manual's procedures in soliciting vendors for a new contract. Existing service providers are eligible to participate in the solicitation and compete with other qualified vendors for the new contract. The 5

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Fiscal Policies and Procedures Manual
City may consider the experience and performance of such providers in determining the best -qualified vendor.

Contracts for certain professional services shall not extend beyond a period of three (3) years from the original contract date, unless otherwise specified herein. Professional services contracts that are subject to this three-year limitation include contracts for the following categories:
• Legal services
• Audit services
• Public relations services
• Legislative services
• Landscaping services
• Housing and Golf Management services
Upon expiration of the initial three (3) year term, the City, in its sole and absolute discretion, may permit up to three (3) one-year extensions. Each extension must be approved by a majority vote of the City Council in a public meeting. These extension requests may be placed on the consent calendar for the meeting. Any staff report accompanying a request for a contract extension shall, as part of its report, evaluate vendor performance supported by objective, data -driven metrics, for City Council consideration.

At no point shall contracts for the abovementioned professional services contain automatic extensions or automatic renewal language. All contracts must conclude at the end of their defined term, unless otherwise specified herein.

In extremely limited circumstances, the use of outside contracts may be considered with the prior written approval of the City Manager. The City Attorney and the California Joint Powers Association must approve all outside contracts, which must also include the formation of and an agreement to require insurance and indemnification coverages.

Clarification on the use of Contracts specifically for Memberships, Sponsorships, Luncheons, and other Events
As defined above, the purpose of a contract is to clearly outline the terms of an agreement, including each party's obligations, the parameters for the provided service 6

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Fiscal Policies and Procedures Manual
(such as performance, delivery, and cost), and payment terms. In certain instances, the City wishes to provide funding in which the obligations and parameters typically listed in a contract are not desired or necessary.

As established by this Section, the following are exempt from this use of contracts provision.
• Basic membership fees in City -supported organizations exclude contract parameters or obligations listed above. While membership is beneficial, membership usually does not include performance measures or obligations requiring a contract.
• Participation in specific sponsorships, luncheons, or other events to financially support non -profits or other governmental organizations. o Such participation in specific sponsorships, luncheons, or other events is to provide financial support only. In that case, sponsorships, luncheons, or other events are exempt from this use of contract provisions. • More common examples include purchasing a table for an awards or recognition luncheon, participating in a valley event such as the economic summit, or sponsorship level support of a non-profit event such as a fundraiser.

This exemption provision requires a conservative interpretation consistent with this policy. Sponsorships and events requiring specific parameters or establishing clear party obligations require a City agreement with the Use of Contracts and Contract Requirements section. Department heads are held accountable for differentiating which sponsorships and events provide financial support (without a contract) and those that require specific parameters and establish clear party obligations (contract required).

Purchasing Categories
The City classifies purchases into four (4) purchasing categories. These categories are based on the dollar amount and type of purchase. Each category establishes a separate purchasing limit, authorization level, and procedure. City contracts and appropriate insurance documents are required for every Purchase Category except (A) Petty Cash Purchases and (B) Goods Purchases.

Category
A. Petty Cash Purchase
B. Goods Purchases
Limitation
$150 or less
Over $1
7

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Fiscal Policies and Procedures Manual
C. Public Project Construction Contracts Over $1
D. Services Over $1
(Contractual/Maintenance/Professional)
A. Petty Cash Purchases
Petty cash funds provide advances or reimbursements to City employees for the direct and immediate purchase of goods and services necessary for City operations. Purchases or advances are limited to $150.00 per transaction. A petty cash request form must be completed by the employee requesting petty cash and be approved by a Department Head or designee.

Advances from petty cash must be reconciled and returned to the Finance Department within two (2) days from the date of issuance. A receipt must support all expenditures.

Receipts for food & beverages must include the names and affiliations of all participants.

If no receipt is provided, the Finance Department requires a statement listing the expenditure(s) signed by the employee and Department Head.

B. Goods Purchases
The purchases of goods do not require the use of a City contract; however, staff should apply "best practices" while purchasing goods to determine whether, in limited circumstances, the use of a City contract for the purchase of goods would be beneficial.

The total estimated cost of goods determines the bidding procedures and procurement methods that must be followed, as described below:
• $5,00025,000 or Tess: No bidding is required for goods purchases of $525,000 or less. After selecting a qualified vendor, the Department Head may negotiate an acceptable price.
•-55,001 to s25,000: For goods purchases of 55,001 to s25,000, staff will solicit and document price quotes through the Informal Quote Proccdurcs. Aftcr scicc=ing a qualified vendor, the Departmcnt H ad may negotiate an acceptable pricc. • Over $25,000: For goods purchases over $25,000, staff will solicit vendors through the Formal Bid Procedures or RFP Procedures.

This Manual describes the Informal Quote Process, Formal Bid Procedures, or RFP Procedures under Section 6, Procurement Methods.
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All invoices for such purchases should be authorized and documented. In addition, departments must ensure the availability of budgeted funds before making any approved goods purchases.

C. Public Project Construction Contracts
The total estimated cost of a public project determines the bidding procedures and procurement methods that must be followed, as described below:
• $ ,000 or less: No bidding is required for contracts of $ ,000 or less. After selecting a qualified contractor, the Department Head may negotiate a fair contract.
• $ ,001 to $60,000: For contracts of $ ,001 to $60,000, staff will solicit and document price quotes through the Informal Quote Procedures. After selecting a qualified contractor, the Department Head may negotiate a fair contract. • $60,001 to $200,000: For contracts of $60,001 to $200,000, staff will solicit contractors through the Informal Bid Procedures or RFP Procedures. • Over $200,000: For contracts over $200,000, staff will solicit contractors through the Formal Bid Procedures or RFP Procedures.

The Informal Quote Procedures, Informal Bid Procedures, Formal Bid Procedures, and RFP Procedures are described under Section 6 Procurement Methods in this Manual.

City contracts, including appropriate insurance and indemnification documents, are required for all public project construction contracts and are subject to the approval of the City Clerk prior to the engagement of services. After selecting the contractor, the Department will submit the contract, insurance, and other required documentation to the City Clerk per the City's contract processing guidelines.

Once the City Clerk approves the contract, the contract record is entered into Munis with all supporting attachments. The Department may now submit a requisition through Munis workflow. Finance will review the contract record for compliance.

D. Services (Contractual, Maintenance, and Professional Services) The total estimated cost of service determines the bidding procedures and procurement methods that must be followed, as described below:
• $525,000 or less: No bidding is required for contracts up to $525,000. After selecting a qualified vendor, the Department Head may negotiate a fair contract. 9

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• $5,001 to $25,000: For contracts over $5,000 and up to $25,000, staff will solict and document price quotes tiroug i tie Informal Quote Procedures. After se ecting a qualified vendor, the Department Head may negotiate a -air contract. • Over $25,000: For contracts over $25,000, staff will solicit proposals through the RFP Procedures. After selecting a qualified vendor, the Department Head may negotiate a fair contract.

This Manual describes the informal Quotc Process and RFP Procedures under Section 6, Procurement Methods.

City contracts, including appropriate insurance and indemnification documents, are required for all services and are subject to the City Clerk's approval prior to the services' engagement. After selecting the contractor, the Department will submit the contract, insurance, and other required documentation to the City Clerk per the City's contract processing guidelines.

6. Procurement Methods
All goods, public projects, and services purchased for the City shall conform to the following procurement methods.

A. Informal Quote Procedures
• Soliciting Quotes or Proposals. City staff shall solicit via the posted notice, telephone request, mail, email, fax, or any other reasonable solicitation method, price quotes, or proposals documented in writing. It shall be attached to the City Contract as backup and support. If unable to obtain a minimum of three (3) price quotes, staff shall document those reasonable efforts were made to obtain price quotes or proposals.
• Award of Contract. The award shall be made to the vendor offering the best value to the City at the City's sole and absolute discretion. Contracts acquiring professional services shall be awarded to the best -qualified vendor based on demonstrated competence and professional qualifications and at fair and reasonable prices to the City.
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B. Request for Proposals Procedures
A Request for Proposal (RFP) is an invitation for selected providers of goods, public projects, or services to submit pricing, qualifications, and other proposals for the opportunity to supply that good, public project, or service to the City or its entities. The following minimum guidelines and procedures shall be implemented:
• Notice Inviting RFPs. At a minimum, the notice inviting RFPs shall: (1) describe the project; (2) state how to obtain more detailed information about the project; (3) state the date, time, and place for the submission of proposals; (4) describe general parameters for evaluation and selection; (5) provide City contract, insurance, and indemnification requirements, and (6) include any other information required by state or local law.
• Review of Qualifications or Proposals. Proposals shall be evaluated based on the evaluation and selection criteria established by the City. • Award. Contracts for acquiring professional services shall be awarded to the best - qualified vendor based on demonstrated competence and professional qualifications and at fair and reasonable prices to the City. Award for other contracts shall be to the vendor offering the best value to the City at the City's sole and absolute discretion.

C. Informal Bid Procedures
The following minimum guidelines and procedures shall be implemented:
• Notice. A notice inviting informal bids shall be mailed to selected contractors for the category of work to be bid (as shown on the Contractors List) and to construction trade journals as specified by Public Works a minimum of ten (10) calendar days before bids or proposals are due.
• Contractors List. The Public Works Department shall maintain a list of licensed contractors (Contractors List) to utilize the informal bidding procedures. The City may notify additional contractors and construction trade journals at its discretion, provided, however, that:
• If there is no list of qualified contractors maintained by the City for the category of work to be performed, the notice inviting bids shall be sent to the construction trade journals and other resources specified by the Public Works Director.
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• If the product or service is proprietary, it can be obtained only from a specific contractor. The notice inviting informal bids may be sent exclusively to the contractor.

D. Formal Bid Procedures
Notice. Notices inviting formal bids are published a minimum of fourteen (14) calendar days before the bid opening on the Internet and sent to construction trade journals and potential bidders. Notice inviting formal bids shall state the time and place for the receiving and opening of sealed bids and describe the procurement along with any other information required by state or local law.

Bid Documents. The bid documents will adequately and accurately describe the items purchased and include necessary specifications. Bidders should be advised of the bidder's security, performance, payment bonds, insurance, indemnification, contract requirements, affirmative action, minority business enterprise requirements, and other requirements as applicable.

Bid Opening. Sealed bids shall be submitted to the City and identified with the bid number on the envelope. Upon receipt, the City Clerk shall date and time stamp the envelope. Bids shall be opened in public at the time and place stated in the public notices.

No Bids. If no bids are received, the City may have the contract procured in any manner allowed by this Manual without further complying with the Formal Bid Procedures.

Review of Bids. Staff will review all bids received for completeness, accuracy, responsiveness to the invitation and bid documents, and the City's experience with or knowledge of the qualification and reliability of each bidder and prepare a recommendation for the City Manager.

Rejection of Bids. The City Manager may, in their sole and absolute discretion, reject any one or more items of a bid, reject all bids, or waive any irregularities or informalities in the bids or bidding process if deemed to best serve the interests of the City.

Award of Contract. The contract shall be awarded to the lowest responsible bidder submitting a responsive bid or the bidder offering the best value to the City unless otherwise required by law.

E. Exceptions to Procurement Methods
This Section contains exceptions to the City's procurement methods. Although exempt from procurement methods, services, and public projects under these circumstances are 12

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NOT exempt from the contract, insurance, and indemnification requirements. The City may determine that using an exception is more beneficial. • Sole Source. Sole source acquisition of brand name, specialized, or compatible products and furnishings to assure compatibility with other City products and equipment.
• Disaster Relief. In the case of a disaster, as further explained in Chapter 2.32 of the City's Municipal Code, the requirements of this Section do not apply. • Emergency Purchases. An emergency purchase may be made when there is an immediate need to acquire goods, public projects, or services. For purchasing purposes, an emergency is one in which there is a direct threat to life or property or a substantial disruption of a vital public service. The crisis must be of such a nature that the Department Head and the City Manager would be contacted to advise them of the situation, regardless of when they occur. Such emergency action shall be reported to the City Manager within 24 hours. Emergency purchases of $50,000 or less must be pre -approved verbally by the appropriate Department Head. An emergency purchase over $50,000 must be pre -approved verbally by the City Manager.
• Best Interest of City. Limited only to City Manager approval. Except where otherwise prohibited by law, when the City Manager authorizes the award for public projects, services, and goods, without following the required procurement methods, provided that the City Manager finds that such award is in the best interest of the City or of the public health, safety, and welfare. For example, when the City Manager determines that a competitive market does not exist for a public project, service, or good, the City will not obtain a competitive advantage by using the required procurement method. This exception shall not be used to circumvent a method of procurement needed without a finding in writing by the City Manager that the required procurement method cannot be followed or is unavailing to the City.
• Piggybacking. Departments may engage in piggybacking if deemed advantageous to the City and compliant with State and local law. Piggybacking is procuring goods, public projects, or services without following bid procedures by utilizing another public entity's award of a contract. The City permits the piggyback of contracts awarded by, among others, the State of California, local and state government agencies, and joint powers agencies. Written approval by the City Manager is required for piggybacking.
• Recurring Purchases. The City may create an open vendor list to provide services and goods as needed or if needed. Examples of as -needed or if -needed 13

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services and goods include but are not limited to auto repair and maintenance, repair parts, minor maintenance and repair of City facilities, and other routine services and goods that do not lend themselves to being procured through a competitive bid or RFP process. When establishing the vendor list, each vendor's prices shall be obtained to ensure competitive pricing in the City's best interest. • Otherwise Authorized By Law. The City may utilize alternative delivery methods that are otherwise available under the law. Examples of alternative delivery methods include but are not limited to, energy conservation projects (Government Code sections 4217.10, et seq.) and public -private partnerships (Government Code sections 5956, et seq.).

F. Requestions and Purchase Orders
The City recognizes using requisitions and purchase orders to encumber budgeted funds during the year as a budget and fiscal management tool. Therefore, the encumbrance of annual or multi -payment contracts is required.

G. Purchase Order Exemptions
The following disbursements are exempt from Purchase Order requirements. • Disbursements for refundable deposits
• Disbursements to Public Agencies for which the City collects fees on behalf of the Agency (i.e., TUMF fees, MSHCP fees)
• Disbursements for payroll, payroll liabilities, and employee benefits. • Disbursements for refunds of City fees collected (Le., Building & Planning fees) • Payments to fiscal agents
• Purchases considered one-time and timely, eliminating the encumbrance once paid, do not require Purchase Orders.

H. Change Orders
A change order is a request to increase or decrease a purchase order amount. The responsible Department will prepare a change order. Change orders will require the same 14

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approvals as were required for the original purchase order including, but not limited to, appropriations in the Budget for the change order. Unless otherwise authorized by the contract applicable to a changer order, an approved change order should be executed prior to the contractor or vendor performing work subject to the change order.

I. Protest Procedures
Right to Protest. Prior to City awarding a contract, any responsible bidder or proposer in connection with the procurement of the contract may protest the award. A subcontractor of a bidder or proposer may not submit a protest. This Section shall apply to all contracts awarded by the City Manager through a formal competitive process, including but not limited to formal bid procedures or RFP procedures. The protest procedures are solely to serve the public interest and obtain the finality of City contract awards.

Timing of Protest. The protest shall be submitted in writing within the following times:
• To protest another bidder's bid five (5) calendar days after the bid opening date. • If the City issues a notice of intent to reject a bid or any other determination of a bid, then the protest shall be submitted in writing within five (5) calendar days following the issuance of the notice and prior to the date of the contract award. • Untimely protests will not be considered and will be deemed waived.

Contents of Protest. The protest shall identify and explain the factual and legal grounds and include all relevant supporting documentation. Any grounds not raised in the written protest are deemed waived by the protesting bidder.

City Response. If the protest is timely and complies with the above requirements, the City shall review the protest, any response from the challenged bidder(s), and all other relevant information and provide a written decision to the protestor.

Effect of Failure to Comply with Protest Procedures. The procedures outlined in this Section are mandatory and are the sole and exclusive remedy of a bidder or proposer to dispute the award of a contract. A protest that does not comply with these procedures may be summarily rejected.

Conflicts. The protest procedure contained in this Section shall not apply if a particular procurement solicitation contains a different protest procedure.

7. Invoices
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An invoice is required to pay all warrants and wires that the City of Indian Wells issues, except for petty cash disbursements and travel expense reimbursements, for which alternate paperwork is required.

All invoices received by the City shall be directed to the Finance Department for processing. The Finance Department will initiate invoice entry in Munis for each invoice the City receives. The invoice record will be distributed to the Department Head or designee via Munis workflow for review and approval. All invoices over $10,000 will be directed to the Finance Director via Munis workflow.

Invoices are processed weekly, and warrants are generated every Friday. All invoices not approved through the workflow for any given week will be processed once full workflow approval has been received via Munis. Prompt approval of invoices by all City departments will enable the Finance Department to process payments on time and maintain the City's good credit standing.

8. State of California, Riverside County, or Public Agency Purchasing Program
The City is eligible to participate in any State of California, Riverside County, or other public Agency negotiated/cooperative purchasing program. Participation in these purchasing programs allows the City to receive the exact deep discount pricing for goods and services as the State of California, Riverside County, or other public agencies without requiring the expenditure of staff time and cost necessary to conduct a separate procurement process. Items purchased through these programs require specific program backup and will not require formal bidding or price quotes from multiple vendors.

9. Management Agreements
Purchasing requirements in this Manual shall not apply to any company or person for which the City has entered into a Management Agreement. Such management companies shall conform to the fiscal procedures established by their respective companies.

10. Fire Access Maintenance District No. 1
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The Indian Wells Fire Access Maintenance District No. 1 (FAMD) shall conform to the terms and conditions in this Fiscal Procedures Manual.

Specific to FAMD and Consultant. In addition to the other provisions of this Fiscal Procedures Manual, the FAMD and its contracted manager ("Consultant") are subject to the following requirements.

1. Operating Account. Consultant shall establish a bank account for the FAMD at a banking institution located in close proximity to the FAMD, such account to be in Consultant's name (the "Operating Account"). The Consultant will deposit in the Operating Account all monies it receives from the operation of the FAMD, as well as all monies furnished by the FAMD as working funds. Consultant shall disburse the funds in the Operating Account for the purposes set forth in the current Professional Services Agreement between the FAMD and Consultant ("Agreement"), including for the purpose of paying for contracted services and goods for the FAMD. Notwithstanding the provisions of the foregoing sentence, Consultant shall be entitled to maintain funds in reasonable amounts in "cash register banks" or petty cash funds at the FAMD.

2. Working Capital Funds and Working Capital Shortfalls. The FAMD will provide all funds as necessary to pay for all FAMD expenses. The performance of all activities by Consultant under the Agreement shall be for and on account of the FAMD.

3. Disbursements.

3.1. From the Operating Account (or, if appropriate, from "cash register banks" or petty cash funds available at the FAMD), Consultant is authorized to pay all FAMD expenses when incurred.

3.2. All payments made by Consultant hereunder shall be made from the Operating Account and petty cash funds. Consultant shall not be required to make any advance or payment to or for the account of FAMD except out of such funds, and Consultant shall not be obligated to incur any liability or obligation for FAMD's account without assurances that FAMD shall provide all necessary funds for the discharge thereof.

4. Excess Income transferred to FAMD. If after payment of all FAMD expenses, and provided there are sufficient funds available in the Operating Account to satisfy the daily working capital needs of the FAMD, then any excess funds in the Operating Account shall be disbursed by Consultant to the FAMD. Consultant shall maintain at all times, in its reasonable judgment, sufficient funds in the Operating Account to satisfy the daily working capital needs of the FAMD for the 30 days following the disbursement. Consultant shall calculate and process Excess Income on a monthly basis. Upon the expiration or earlier termination of the Agreement, all funds remaining in the Operating Account after payment of FAMD expenses shall be disbursed by Consultant to the FAMD. 17

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5. Books and Records. Consultant shall keep complete and accurate books of account and such other records as are necessary to reflect the results of the operation of the FAMD. For this purpose, Consultant agrees it will make available to the FAMD, all books and records in Consultant's possession relating to the FAMD, including contract documents, invoices, and construction records. All books and records for the FAMD shall be located either at the FAMD or at Consultant's corporate office. All accounting records shall be maintained in accordance with generally accepted accounting principles and shall be maintained in an accrual format for each Operating Year. All such books, records, and reports shall be maintained separately from other facilities operated by Consultant.

Consultant agrees to maintain reasonable and necessary accounting, operating, and administrative controls relating to the financial aspects of the FAMD, and such controls shall provide checks and balances designed to protect the Consultant and the FAMD.

Consultant shall deliver to FAMD all of the financial and accounting books and records of the FAMD upon the expiration or earlier termination of this Agreement, and the FAMD shall have the right to inspect and audit such books and records during such period as provided in Section 7 below.

6. Reports to FAMD. Consultant shall deliver to the FAMD the following financial statements in a form reasonably acceptable to the FAMD:

6.1. Within 20 days after the end of each calendar month, a profit and loss statement, balance sheet, cash flow statement, and budget variance report showing the results of operation of the FAMD for such month and for the Operational Year to date, which statement shall include sufficient detail to reflect all gross revenues and FAMD expenses; explicitly including:

6.1.1. all revenues or other funds received expenses, and disbursements made by the relevant category of the annual budget and, in the case of unbudgeted revenues, receipts, expenses, and disbursements, an itemized list;

6.1.1.1. a comparison of the amounts received and expended with the estimated receipts and expenses set forth in the annual budget, both for the preceding month and year-to- date;

6.1.1.2. a statement of all delinquent receivables and other charges for the use of the FAMD; and

6.1.1.3. include bank reconciliations.

6.1.2. Within 30 days after the end of each Operational Year, a profit and loss statement showing the result of the operation of the FAMD for such Operational Year, which statement shall include sufficient detail to reflect all gross revenues and FAMD expenses.

The FAMD, and at the sole expense of the FAMD, these financial statements shall be certified by an independent certified public accountant acceptable to the FAMD. 18

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6.2. In addition to the foregoing, DRM will prepare a monthly variance report for their respective departments compared to the annual budget to be reviewed by the FAMD and Consultant.

7. Inspection. Upon seven days prior written notice to Consultant, which notice shall set forth the date and time that the FAMD desires to inspect the books and records, the FAMD or its authorized agents, auditors, or representatives shall have the right during regular business hours to review, inspect, audit, and copy the books, records, deposit receipts, canceled checks, and other accounting and financial information maintained by Consultant in connection with the operation of the FAMD. All such books and records shall be made available to the FAMD at the FAMD unless the FAMD and Consultant agree upon another location. The FAMD, at its own expense, shall have the right to retain an independent accounting firm to audit the books and records of the FAMD on an annual basis. The inspection right of the FAMD under this Section 7 shall remain in effect for a period of one year following the termination or expiration of the Agreement.

11. City Credit Card Purchases
A. Purpose of City's Credit Card
These guidelines establish the City's basic policies and procedures for using credit cards.

The City credit card may be used when traveling on City business, attending conferences, official meetings, or training, and securing airline reservations and hotel accommodations.

City credit cards may also be used to purchase goods and services such as community events and activities, cultural events, advertising and marketing, technology goods, and memberships and dues.

B. Authorization and Acknowledgement of City Credit Cards by Eligible Employees
The issuance and revocation of City credit cards shall be at the sole discretion of the City Manager. In the absence of specific authorization from the City Manager, the standard credit limit for City credit cards shall be $10,000. The City Manager is empowered to establish credit limits on a case -by -case basis, with the maximum allowable limit not exceeding $50,000.

C. Appropriate City Credit Card Use
• City credit cards may be used for traveling on City business. • City credit cards may be used to purchase goods and services from vendors where the use of a check is not practical, such as internet purchases. 19

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• City credit cards may be used to secure reservations and locations for various City activities, attending local meetings, community events, honoree luncheons, marketing promotions, and sales missions. In addition, city credit cards may be used for all meals in conjunction with official City business, such as meetings with City Council, developers, or consultants.
• The City credit card is not intended to replace other procurement methods where proper planning and procurement enable volume discounts. Credit cards should never be used to circumvent procurement methods established in this Manual. This means purchasing goods or services that would otherwise require a specific procurement method should not be made.
• Employees shall not use City credit cards for personal expenses. Charging personal expenses on City cards is a misuse of City funds and a severe breach of the City's ethics/fraud policy. Doing so will result in disciplinary action, up to and including termination. Employees should use care when selecting between the City's credit card and their personal credit cards.

D. Travel, Meetings, & Conferences
All credit card charges must be supported by detailed charge receipts and be submitted on a travel expense report. Before travel, City employees without City credit cards may complete a credit card purchase authorization form to book airline and hotel accommodations using the Department Head's credit card. The completed form is submitted to the employee's Department Head for approval. The approved form should support the reconciliation of the monthly credit card statement.

E. Obtaining Goods and Services
The Department Head must complete and approve a credit card purchase authorization form before purchasing any goods or services. A receipt/invoice is required to substantiate every credit card purchase.

Authorized purchases may be made in person, via an approved internet site, or by telephone. The cardholder must require vendors to itemize the receipt/invoice. An itemized receipt/invoice consists of the following information:
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• Date of purchase/Date of Event
• Detailed description of goods or services purchased
• Price per item
• Amount of sales tax and the total amount
• Shipping charges, if any.

Upon completing the credit card transaction, the employee shall attach the itemized receipt to the completed credit card purchase authorization form and submit the form to the Department Head.

F. Card Restrictions
Except for an emergency, credit cards shall not be used for the following:
• Cash advances, money orders, wire transfers.
• Gasoline purchases
• Personal items and personal services
• Personal entertainment
• Long-term rentals or lease agreements
G. Monthly Reconciliation
At the conclusion of each billing cycle, the Finance Department will upload all cardholder statements into Munis, detailing all transactions made during the period. Cardholders are required to reconcile their statements within 15 days of receipt and submit supporting documentation to the Finance Department, including account numbers and transaction descriptions.
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All credit card transactions will be processed through the Munis workflow for review and approval by the Department Head or their designee. Expenditures lacking proper documentation may only be reimbursed with the approval of the City Manager. The City Manager may revoke cards from cardholders for failure to reconcile statements within the 15 -day reconciliation period. Falsification of receipts will result in disciplinary action, up to and including termination of employment.

H. Disputed Charges
Cardholders are responsible for ensuring vendors, credit card companies, and the Finance Department are notified immediately of any disputed charges. Cardholders will be responsible for resolving the disputed amount directly with the vendor or credit card company.

I. Timely Payment
The Finance Department will ensure timely payments based on the statement cycle date.

Credit card charges will be paid once reconciled by the cardholder and approved by the Finance Department.

J. Lost or Stolen Cards
Cardholders are responsible for ensuring that the credit card company and the Finance Department are notified immediately if a credit card is lost or stolen. Failure to do so may result in the cardholder being held responsible for fraudulent credit card use.

K. Surrender upon Request or Separation
The credit card will be immediately surrendered upon retirement, termination, separation, or upon request of the City Manager. Use of the credit card for any purpose after its surrender is prohibited.

12. Capital Assets Policy and Procedures
A. Purpose
This capital assets policy and procedures aim to ensure adequate and appropriate control of City capital assets. The procedures are intended to define capital assets and establish guidelines for proper accounting, inventory, depreciation, and disposal, as amended from time to time. The Finance Department's responsibility is to determine the criteria for the 22

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asset type, class, depreciation, and accounting of the capital asset or inventory items.

City Department Heads' responsibility is to ensure that capital assets are controlled.

B. Capitalization Policy
All capital and intangible assets will be subject to capitalization, including buildings, machinery, naming rights, and equipment, with an original cost of $40,000 or greater and a life expectancy of five (5) years or greater. However, the City has made one exception to this basic rule. All computer and computer -related equipment purchases will not be capitalized.

All costs associated with purchase or construction should be considered, including ancillary costs such as freight and transportation charges, site preparation expenditures, professional fees, and legal claims directly attributable to asset acquisition. Repairs to existing capital assets will only be subject to capitalization if it extends the asset's useful life by a minimum of three (3) years or greater.

Capital projects will be capitalized as "construction in progress" until completed. Costs to be capitalized include direct costs, such as labor and materials, ancillary costs, and any construction period interest costs as required by the GASB pronouncements.

C. Inventory Control
Individual departments safeguard the City's capital assets from theft or loss. Inventory control is applied only to movable capital assets. Capital assets subject to inventory control will be accounted for and controlled through the same systems and procedures used to account for and manage capital assets subject to capitalization.

D. Depreciation
Depreciation is calculated on all capital assets per GASB Statement No. 34 standards.

Including an intangible asset is based on GASB Statement No. 51 provision. Intangible assets are amortized over their useful contractual lives.

All depreciation is booked using the straight-line method and average month conventions.

The book value and depreciation life cycles are determined using general industry guidelines. Depreciation is charged as an expense against operations, and accumulated depreciation and reported on the balance sheet.

The range of lives for depreciation purposes for each capital asset class is as follows:
• Building and improvements 10-50 years
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• Equipment
• Infrastructure
• Intangible assets
E. Surplus Property
3-15 years
5-60 years
Depreciated over contractual life
Occasionally it becomes necessary to dispose of surplus property, including materials, supplies, and equipment no longer needed by the City. The Finance Department shall be responsible for the disposal of all City surplus property. The Finance Department shall periodically submit a surplus property list to the City Manager for review and consideration. The disposal method may be by public auction, private sale, or donation, determined by the City Manager at the time of disposal.

13. Reimbursement Policy and Procedures
It is the policy of the City to reimburse expenses incurred by elected and appointed officials, officers, and employees of the City when such expenses are incurred while on authorized City business. Any employee traveling on City business shall receive approval from their Department Head or the City Manager. The Reimbursement and Travel policy is based on the conscientious and thoughtful use of City resources. Within that ideal, the City recognizes responsibility for the travelers' physical needs, convenience, and safety.

A. Expense Reimbursement Procedure
A Travel Expense Report should be prepared by the employee and submitted to the Finance Department within one (1) week after incurring travel or meeting expenses. All receipts and supporting documentation shall be attached to the expense report to account for all travel expenditures claimed.

After the Department Head approves, the Travel Expense Report shall be submitted to the Finance Department for review and processing. Any Travel Expense Report with insufficient documentation or inappropriate claims will be returned unpaid until corrected.

In the case of reimbursement, the report form will be considered a payment request. If a refund is due to the employee, the Finance Department will issue a reimbursement check following the Accounts Payable Schedule.

B. Expense Reimbursement Procedure for Elected and Appointed Officials/Reports Regarding Meeting Attended
A Travel Expense Report should be prepared by an elected or appointed official and submitted to the Finance Department within one (1) week after incurring travel or meeting expenses. The expense report shall show the total expenses incurred for travel 24

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and meetings and a reconciliation of any travel advances granted. All receipts and supporting documentation shall be attached to the expense report to account for all travel expenditures claimed. Any Travel Expense Report with insufficient documentation or inappropriate claims will be returned unpaid until corrected.

In addition to submitting an expense report, the elected or appointed official will be required to provide a brief report on the conference or meeting attended for which the expenses were incurred at the next regular meeting of their respective legislative body.

C. Allowable Expenses
Mileage - Mileage is paid at the prevailing rate the Internal Revenue Service provides.

To be eligible for mileage reimbursement, management must approve an employee to attend an outside function or conduct City business away from City premises.

Reimbursement mileage is calculated from the City (or closest starting point) to the destination and back to the City (or closest ending point). Employees receiving a City auto allowance are subject to a seventy-five (75) mile deduction for mileage reimbursements. While attending the event, incidental mileage is reimbursed up to ten (10) miles per day.

Parking — Employees and elected and appointed officials will be reimbursed for parking.

However, depending on the length of the trip, alternative transportation services to and from the airport, such as an airport shuttle or a taxicab, should be considered if they are less expensive.

Air Travel - Air transportation from the most suitable airport will be acquired at the most economical fare consistent with the traveler's needs. Coach seating is preferred; however, consistent with the traveler's needs, an upgrade to a Business Class seat or its equivalent may be purchased, especially on longer domestic or international flights. Priority boarding and baggage services may be purchased to accommodate the traveler's needs. Advance purchases of tickets are encouraged and may be overseen via a travel agent, the Internet, or individual airlines. The authorization shall be granted before purchasing tickets. A City credit card or check may be used to make the purchase.

Hotel Accommodations - Employees and elected and appointed officials will make lodging arrangements based on value, convenience, and safety for the Traveler. Hotels should be reasonably priced. Individuals attending conventions and conferences are encouraged to stay at the hotel specified or local area for that convention or conference.

If such lodging is connected with a conference or other educational activity, employees and elected and appointed officials shall request the group rate published by the conference or event sponsor for the meeting in question, provided such rates are available at the time of booking. If the group rate is unavailable, employees and elected and appointed officials shall request the government rate. If government rates are 25

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unavailable at a given time, employees and elected and appointed officials shall request the most favorable rate.

Individuals will be allowed one (1) single room. For the traveler's convenience, hotel accommodations are allowed up to one (1) night prior and one (1) night after conducting official business.

Employees and elected and appointed officials are strongly encouraged to pay separately for all ancillary lodging expenses, such as gift shop and movies, and not charge these to the main hotel bill. Employees and elected, appointed officials must indicate personal expenses charged to the hotel bill, such as toiletries, magazines, hairdresser, barbershop, health club expenses, in -room movies, and mini -bar, and report them as personal on the hotel bill and deduct them from the overall reimbursable expenses. Reimbursable lodging expenses must be summarized and totaled on the hotel bill.

Ground Transportation - The City will reimburse ground transportation expenses associated with the City business. Individuals traveling between the airport and the hotel are encouraged to use the least expensive transportation.

Car Rental - Car rental associated with City business is a reimbursable expense provided the rental cost is less than the cost of travel by cab or other less expensive forms of transportation. The Traveler should use a company offering the lowest available rental cost if a rental car is necessary. The employee should make advance arrangements if a car is required at the destination. Vehicle selection should be based on the most cost- effective class that satisfies the Traveler's requirements, passengers' requirements, and any equipment that may need to be transported. Supplemental auto insurance coverage offered by car rental agencies will be declined, as the City's insurance policy provides liability and collision coverage.

Meals —City Employees — While traveling, City employees will receive a $110.00 per day Travel Per Diem. The Travel Per Diem shall be used for meals, meal tips, and room - services charges. Detailed receipts and other documentation are not required. The travel days eligible for the Travel Per Diem shall be approved by the Traveler's Department Head or the City Manager after the conclusion of travel. Once approved, the Travel Per Diem shall be paid on the employee's next regularly scheduled payroll disbursement and is subject to applicable payroll taxes.

Use of the Travel Per Diem for one -day meetings, training, or similar one -day events is prohibited. Meal expenditures incurred for one -day meetings, training, or similar one -day events will be reimbursed at actual cost, including reasonable tips, not to exceed $90.00 per day.
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Meals — Elected Officials/ Appointed Officials/Non-Payroll Travelers/One-Day Meetings or Training- Meals are allowable at actual cost, including reasonable tips and room -services charges, not to exceed $170 per day, with no single meal exceeding $100 per day. Elected and Appointed Officials, non -payroll travelers, and City employees attending one -day meetings or other one -day events must provide detailed receipts and other documentation, if necessary, to support all expenditures.

Gratuities — Employees and elected and appointed officials will be reimbursed for reasonable non -meal -related gratuities such as those to bell captains, valets, taxi drivers, etc. Gratuity standards can vary from Traveler to Traveler; the City encourages a practical and modest approach to gratuities considering these are public funds. Note: Meal gratuities are governed by the two meal -related provisions immediately preceding this paragraph.

Laundry - If the trip is extended to more than five (5) overnights, the City will reimburse for reasonable cleaning and laundry expenses. Reimbursable cleaning and laundry expenses are limited to traveling and unavailable once the Traveler has returned from travel.

Internet - Employees and elected and appointed officials may be reimbursed for internet access and usage fees away from home if internet access is necessary for City -related business.

Office Supplies - The City will reimburse any office supplies expenses necessary to perform official City duties.

Other Expenses — The City may reimburse for other expenses, provided these are not the type of Incidental Expenditures listed below.

Incidental Expenditures - The City will not reimburse for incidental expenses.

Incidental expenses are the responsibility of the employee and the elected or appointed official. The following are examples of such non -reimbursable expenses while traveling:
• Alcohol
• Babysitting
• Barbers and hairdressers
• Candy, gum, and snacks
• Cigarettes
• Clothing
• Dietary supplements or vitamins
• Dues for frequent guest programs (airline, hotel, restaurant) • Expenses for travel companions
• Expenses related to vacation or personal days while on a business trip 27

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• Gifts
• Golf fees
• Health club fees
• Lost baggage
• Luggage and briefcases
• Magazines, books, newspapers
• Movies (including in-flight and hotel in-house films) • Optional travel or baggage insurance
• Parking or traffic tickets
• Personal accident insurance
• Personal entertainment, including sports events
• Personal toiletries
• Pet care
• Postage costs (unless for City business)
• Routine auto maintenance
• Sauna and massage services
• Shoeshine
• Souvenirs and personal gifts
• Spousal tours
Family Member Accompaniment - All costs associated with family member travel shall be at the sole expense of the Traveler.

D. Elected and Appointed Officials and Limitation on the Type of Reimbursable Occurrences
Limitations - City funds, equipment, supplies (including letterhead), and staff time must only be used for authorized City business. Expenses incurred in connection with the following types of activities constitute authorized expenses if the other requirements of this policy are met:
• Communicating with regional, state, and national government representatives on City adopted policy positions.
• Attending educational seminars designed to improve officials' skills and information levels
• Participating in regional, state, and national organizations whose activities affect the City's interests
• Recognizing service to the City
• Attending City events
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• Implementing a City -approved strategy for attracting or retaining businesses to the City, which will typically involve at least one staff member • Performing activities at home or office in furtherance of official City duties Other Occurrences - All other expenditures for occurrences not included herein require prior approval by the City Council in a regular public meeting.

14. Federally Funded Procurements
The following procurement procedures shall be complied with in connection with the utilization of federal grant funding subject to 2 CFR Part 200. These procedures are in addition to and are not intended to replace or supersede the City's other procurement requirements or state law requirements. In the case of a conflict between these procedures, the more stringent requirement shall govern, provided that the more stringent requirement would not violate a federal procurement requirement. In such a case, the federal requirement shall govern federally funded contracts.

General Procurement Standards
Code of Conduct - As representatives of the City, all employees are expected to conduct themselves professionally and ethically, maintaining exacting standards of integrity and using good judgment. Employees are expected to be principled in their business interactions and act in good faith with individuals inside and outside the City. The following Code of Conduct shall govern the performance, behavior, and actions of the City, including employees, directors, appointed or elected officials, volunteers, or agents who are engaged in any aspect of procurement, including, but not limited to, purchasing goods and services, awarding contracts and grants, and the administration and supervision of contracts:
• No employee, director, appointed or elected official, volunteer, or agent of the City shall participate in the selection, award, or administration of contracts supported by a federal award if a conflict of interest is real or apparent to a reasonable person.
• Conflicts of interest may arise when an employee, officer, or agent of the City, any member of their immediate family, their partner, or an organization that employs or is about to employ any of the parties indicated herein, has an actual or apparent financial or other interest in or a tangible personal benefit form a firm considered for the contract.
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• No employee, director, appointed or elected official, volunteer, or agent of the City shall do business with, award contracts to, or show favoritism toward a member of their immediate family, spouse's family, or to any company, vendor, contractor, or parties to subcontractors who either employ or has any relationship to a family member; or award a contract or bid which violates the spirit or intent of federal, state and local procurement laws and policies established to maximize free and open competition among qualified vendors.
• The City's employees, directors, appointed or elected officials, volunteers, or agents shall neither solicit nor accept gratuities, favors, gifts, consulting fees, trips, or anything having a monetary value above twenty-five dollars ($25.00) from a vendor, potential vendor, family or employees of a vendor, contractor, or parties to subcontractors.
• Disciplinary measures for violations of the Code of Conduct by employees, directors, appointed or elected officials, volunteers, or agents who are engaged in any aspect of procurement, including, but not limited to, purchasing goods and services, awarding contracts and grants, and the administration and supervision of contracts could result in disciplinary action, up to and including dismissal, subject to the applicable due process as prescribed in the City's Personnel Policies and Procedures.

Solicitation Procedures
The City shall maintain administrative oversight of contractors to ensure that contractors perform in accordance with the terms, conditions, and specifications of their contracts or purchase orders.

Acquisition of unnecessary or duplicative items must be avoided. Consideration should be given to consolidating or dividing procurements to obtain a more economical purchase.

When appropriate, an analysis of lease versus purchase alternatives and any other proper research will be made to determine the most economical approach.

To foster greater economy and efficiency, and in accordance with efforts to promote cost- effective use of shared services, the City is encouraged to enter into state and local intergovernmental agreements or inter -entity agreements where appropriate for procurement or use of common or shared goods and services.

Procuring federal excess and surplus property in lieu of purchasing new equipment and property whenever such use is feasible and reduces project costs shall be utilized.

Value engineering clauses may be used in contracts for construction projects of sufficient size to offer reasonable opportunities for cost reductions. Value engineering is a 30

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systematic and creative analysis of each contract item or task to ensure that its essential function is provided at an overall lower cost.

Contracts shall only be awarded to responsible contractors possessing the ability to perform successfully under the terms and conditions of a proposed procurement.

Consideration will be given to such matters as contractor integrity, public policy compliance, proper classification of employees (see the Fair Labor Standards Act, 29 U.S.C. 201, chapter 8), past performance record, and financial and technical resources.

Records will be maintained sufficient to detail the history of procurement. These records will include but are not necessarily limited to the following: rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price. The City Clerk will be the repository for said records and shall be maintained for no less than seven (7) years.

Time and material -type contracts (open-ended) may be used only after determining that no other contract is suitable. A time and material type contract means a contract where the cost to the City is the sum of the actual cost of materials and direct labor hours charged at fixed hourly rates that reflect wages, general and administrative expenses, and profit. Each time and material contract will set a ceiling price the contractor exceeds at its own risk. A higher degree of oversight is required to reasonably ensure that the contractor uses efficient methods and adequate cost controls.

The City alone will be responsible, in accordance with good administrative practice and sound business judgment, for the settlement of all contractual and administrative issues arising out of procurements. These issues include but are not limited to source evaluation, protests, disputes, and claims. These standards do not relieve the City of any contractual responsibilities under its contracts. The Federal awarding agency will not substitute its judgment for that of the City unless the matter is primarily a federal concern. Violations of law will be referred to the local, state, or federal authority having proper jurisdiction.

Competition
All procurement transactions must be conducted to provide complete and open competition. To ensure objective contractor performance and eliminate unfair competitive advantage, contractors who develop or draft specifications, requirements, statements of work, and invitations for bids or proposals will be excluded from competing for such procurements. Some of the situations considered to be restrictive of competition include, but are not limited to:
• Placing unreasonable requirements on firms in order for them to qualify to do business
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• Requiring unnecessary experience and excessive bonding • Noncompetitive pricing practices between firms or between affiliated companies • Noncompetitive contracts to consultants that are on retainer contracts • Organizational conflicts of interest
• Specifying only a brand name product instead of allowing an equal product to be offered and describing the performance or other relevant requirements of the procurement
• Any arbitrary action in the procurement process
For Federal awards prior to October 1, 2024, procurements shall be conducted in a manner that prohibits the use of statutorily or administratively imposed state or local geographical preferences in the evaluation of bids or proposals, except in those cases where applicable Federal statutes expressly mandate or encourage geographic preference. Nothing in this Section preempts state licensing laws. When contracting for architectural and engineering (A/E) services, geographic location may be a selection criterion, provided its application leaves an appropriate number of qualified firms, given the nature and size of the project, to compete for the contract.

All solicitations will clearly and accurately describe the technical requirements for the material, product, or service to be procured. Such description must not, in competitive procurements, contain features that unduly restrict competition. The description may include a statement of the qualitative nature of the material, product, or service to be procured. When necessary, it must set forth those minimum essential characteristics and standards to which it must conform to satisfy its intended use. Detailed product specifications should be avoided if possible. When it is impractical or uneconomical to clearly and accurately describe the technical requirements, a brand name or equivalent description may be used to define the performance or other relevant procurement requirements. The specific features of the named brand which offers must meet must be clearly stated.

Bids and proposals shall identify all the requirements the offerors must fulfill and all other factors to be used in evaluating bids or proposals.

The City shall ensure that all prequalified lists of persons, firms, or products used in acquiring goods and services are current and include enough qualified sources to ensure maximum open and free competition. The City shall not preclude potential bidders from qualifying during the solicitation period.
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Methods of Procurement - The thresholds below are federal. If City thresholds are lower, the more restrictive requirement shall govern, notwithstanding the provisions herein.

Informal Procurement Methods. When the value of the procurement for property or services under a federal award does not exceed the Simplified Acquisition Threshold (SAT) (e.g., currently set at purchases of $250,000 or less) or a lower threshold established by the City, formal procurement methods are not required. The City may use informal procurement methods to expedite the completion of its transactions and minimize the associated administrative burden and cost. The informal methods used for procurement of property or services at or below the SAT include:

Micro -purchase: Purchases of supplies or services where the aggregate dollar amount does not exceed $10,000, or the current limitation set by the Federal Acquisition Regulation at 48 CFR Subpart 2.1, where this threshold is periodically adjusted for inflation, may be awarded without soliciting competitive quotations if the City considers the price to be reasonable based on research, experience, purchase history or other information and documents it files accordingly. To the extent practicable, the City must distribute micro -purchases equitably among qualified suppliers.

Small purchase: Purchases of property or services up to the Simplified Acquisition Threshold (SAT), which is currently $250,000. Price quotations must be received from no less than three (3) sources.

Formal Procurement Methods: When the value of the procurement for property or services exceeds the SAT or a lower threshold established by the City, formal procurement methods are required. Formal procurement methods require following documented procedures. Formal procurement methods also require public advertising unless noncompetitive procurement can be used in accordance with the below. The following formal methods of procurement are used for the procurement of property or services above the SAT or a value below the SAT the City determines to be appropriate:

Sealed bid: Under this purchase method, formal solicitation is required. The fixed price (lump sum or unit price) is awarded to the responsible bidder who conformed to all material terms and is the lowest price. This method is the preferred procurement method for construction contracts. For sealed bidding to be feasible, there must be:
• A complete, adequate, realistic specification or purchase description is available. • Two or more responsible bidders are willing and able to compete effectively for the business.
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• The procurement lends itself to a firm -fixed -price contract, and the successful bidder selection can be made principally based on price.

If this method is used, the following requirements shall apply:
• The invitation for bids will be publicly advertised and must be solicited from an adequate number of known suppliers, providing them with sufficient response time before opening the bids.
• The invitation for bids, which will include any specifications and pertinent attachments, must define the terms of services for the bidder to respond appropriately.
• All bids will be publicly opened at the time and place prescribed in the invitation for bids.
• A firm -fixed -price contract award will be made in writing to the lowest responsive and responsible bidder. Where specified in bidding documents, factors such as discounts will only be used in determining which bid is the lowest. Payment discounts will only be used to determine the low bid when prior experience indicates that such discounts are usually taken advantage of. • Any or all bids may be rejected if there is a sound documented reason.

Competitive proposals: This procurement method requires formal solicitation, fixed - price, or cost -reimbursement contracts and is used when unsuitable sealed bids. If this method is used, the following requirements apply:
• Requests for proposals must be publicized and identify all evaluation factors and their relative importance. Any response to publicized requests for proposals must be considered to the maximum extent practical.
• Proposals must be solicited from an adequate number of qualified sources. • The methods for conducting technical evaluations of the proposals received and selecting recipients may include, but are not limited to, oral interviews, references, past performance, availability to perform work, and certifications as determined by project scope.
• Any response that takes exception to any mandatory items in this proposal process may be rejected and not considered.
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• Contracts must be awarded to the responsible firm whose proposal is most advantageous to the program, with price and other factors considered; and, • Competitive proposal procedures may be used for qualifications- based procurement of architectural/engineering (A/E) professional services whereby competitors' qualifications are evaluated, and the most qualified competitor is selected, subject to fair and reasonable compensation negotiation. The method, where the price is not used as a selection factor, can only be used to procure A/E professional services. It cannot be used to purchase other types of services, though A/E firms are a potential source to perform the proposed effort.

Noncompetitive Procurement: Noncompetitive procurement can only be awarded when one or more of the following criteria are met:
• The acquisition of property or services, the aggregate dollar amount of which does not exceed the micro -purchase threshold.
• The item is available only from a sole source.
• The public exigency or emergency for the requirement will not permit a delay resulting from the competitive solicitation.
• The Federal awarding agency or pass -through entity expressly authorizes noncompetitive proposals in response to a written request from the non-federal entity; or
• After solicitation of several sources, competition is determined to be inadequate.

Contract Cost and Price: A cost or price analysis shall be performed in connection with every procurement action in excess of the Simplified Acquisition Threshold (currently $250,000), including contract modifications. The method and degree of analysis are dependent on the facts surrounding the particular procurement situation, but as a starting point, independent estimates shall be made prior to receiving bids and proposals.

For Federal awards prior to October 1, 2024, profit shall be negotiated as a separate element of the price for each contract in which there is no price competition and, in all cases, where cost analysis is performed. To establish a fair and reasonable profit, consideration must be given to the complexity of the work to be performed, the risk borne by the contractor, the contractor's investment, the amount of subcontracting, the quality of its record of past performance, and industry profit rates in the surrounding geographical area for similar work.
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Costs or prices based on estimated costs for contracts under the federal award are allowable only to the extent that costs incurred, or cost estimates included in negotiated prices would be acceptable for the City under Subpart E- Cost Principles of Part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The cost plus a percentage of cost and construction cost contracting methods shall be used.

Federal Awarding Agency or Pass -Through Entity Review: The City shall make available, upon request of the federal awarding Agency or pass -through entity, technical specifications on proposed procurements where the federal awarding Agency or pass - through entity believes such review is needed to ensure that the item or service specified is the one being proposed for acquisition. This review will generally take place before the specification is incorporated into a solicitation document. However, if the City desires to have the review accomplished after a solicitation has been developed, the Federal awarding agency or pass -through entity may still review the specifications, with such review usually limited to the technical aspects of the proposed purchase.

The City will make available upon request for the Federal awarding agency or pass - through entity pre -procurement review, procurement documents, such as requests for proposals or invitations for bids, or independent cost estimates, when:
• Procurement procedures or operations fail to comply with the procurement standards in this part.
• The procurement is expected to exceed the Simplified Acquisition Threshold (currently $250,000). It is to be awarded without competition, or only one bid or offer is received in response to a solicitation.
• The procurement, expected to exceed the Simplified Acquisition Threshold, specifies a "brand name" product.
• The proposed contract is more than the Simplified Acquisition Threshold and is to be awarded to other than the apparent low bidder under a sealed bid procurement; or
• A proposed contract modification changes the scope of a contract or increases the contract amount by more than the Simplified Acquisition Threshold.

The City is exempt from the pre -procurement review in the paragraph above of this Section if the Federal awarding agency or pass -through entity determines that its procurement systems comply with the standards of this part. 36

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The City may request that its procurement system be reviewed by the federal awarding Agency or pass -through entity to determine whether its system meets these standards in order for its system to be certified. Generally, these reviews must occur where there is continuous high -dollar funding, and third -party contracts are awarded on a regular basis.

The City may self -certify its procurement system. Such self -certification must not limit the federal awarding Agency's right to survey the system. Under a self -certification procedure, the Federal awarding agency may rely on written assurances from the City that it is complying with these standards. The City must cite specific policies, procedures, regulations, or standards as following these requirements and have its system available for review.

Bonding Requirements: For construction or facility improvement contracts or subcontracts exceeding the Simplified Acquisition Threshold (currently $250,000), the federal awarding or pass -through entity may accept the bonding policy and requirements of the City provided that the federal awarding Agency or pass -through entity has determined that the federal interest is adequately protected. If such a determination has not been made, the minimum requirements must be as follows:
• A bid guarantee from each bidder is equivalent to five percent (5°/o) of the bid price. The bid guarantee must consist of a firm commitment such as a bid bond, certified check, or other negotiable instrument accompanying a bid as assurance that the bidder will, upon acceptance of the bid, execute such contractual documents as may be required within the time specified. • A performance bond on the contractor's part for 100 percent (100°/0) of the contract price. A performance bond is executed with a contract to secure the fulfillment of all the contractor's obligations under such a contract. • A payment bond on the contractor's part for 100 percent (100°/o) of the contract price. A payment bond is executed in connection with a contract to assure payment as required by the law of all persons supplying labor and material to execute the work provided for in the contract.

Contract Provisions: The City's contracts shall contain the applicable provisions described in Appendix II to Part 200 — Contract Provisions for Non -Federal Entity Contracts Under Federal Awards.

Contracting with small businesses, minority businesses, women's business enterprises, veteran -owned businesses, and labor surplus area firms: When possible, the City should ensure that small businesses, minority businesses, women's business enterprises, veteran -owned businesses, and labor surplus area firms are considered as set forth below:
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April 16, 2026