Agenda packet — La Mesa City Council, August 13, 2024 (part 1 of 4)

LA MESA CITY COUNCIL
AGENDA

A Regular Meeting

Date: Tuesday, August 13, 2024, 6:00 p.m.

Location: City Council Chambers, 8130 Allison Avenue
La Mesa, California
Elected
Officials:

Mayor Mark Arapostathis
Vice Mayor Laura Lothian
Councilmember Patricia N. Dillard
Councilmember Colin Parent
Councilmember Jack Shu
City Treasurer Matthew Strabone
Staff: City Manager Greg Humora
City Attorney Glenn Sabine
City Clerk Megan Wiegelman
The City Council meeting may be viewed in-person or live on Cox Cable Channel 24 (within La Mesa City limits), AT&T U-Verse Channel 99 (in the San Diego Region), the City’s website (www.cityoflamesa.us), Facebook Live (www.facebook.com/lamesaca) or using the following Zoom Webinar options:

The public may view the meeting live using the following remote options:

Teleconference Meeting Webinar
https://us06web.zoom.us/j/84472650722
Telephone (Audio only)
(669) 900-6833 or (253) 215-8782 Webinar ID: 844 7265 0722 Copy and paste the webinar link into your internet browser if the webinar link does not work directly from the agenda.

PUBLIC COMMENTS
In-Person comments during the meeting: Join us for the City Council meeting at the time and location specified on this agenda to make your comments. Please complete a “Request to Speak” card and submit it to the Council Hostess. When the Mayor calls your name, step to the podium and state your name for the record. Comments will be limited to three (3) minutes.
•
How to submit eComments: eComments are available once an agenda is published.

Locate the meeting in "upcoming meetings" and click the comment bubble icon. Click on the item you wish to comment on. eComments can be submitted when the agenda is published and until 24 hours prior to the meeting. eComments are limited to 3700 characters (approximately 500 words). eComments may be viewed by the City Council and members of the public following the close of the eComment submission period (24 hours prior to the meeting). Email your comment to [email protected] if you have difficulty submitting an eComment. eComments will not be read aloud as a regular meeting item; however any member of the Council or member of the public may do so during their respective comment time.
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PLEASE NOTE: Public Comment will be limited to 3 minutes per item. The timer begins when the participant begins speaking. Time cannot by combined or yielded to another speaker. *Live Remote Public Comment ONLY permitted during Councilmember teleconferencing pursuant to California Government Code Section 54953 (AB 2449).
*Zoom Audio Comments: To provide oral public comments during the meeting, join the Zoom meeting by computer, mobile phone, or dial in number. On Zoom video conference by computer or mobile phone, use the “Raise Hand” feature. This will notify the moderator that you wish to speak during a specific item on the agenda or during non-agenda Public Comment. Members of the public will not be shown on video but will be able to speak when called upon. If joining the meeting using the Zoom dial-in number, you may raise your hand by pressing *9. Comments will be limited to three (3) minutes. No further comments will be entertained after the Mayor closes public comment. •
Citizens who wish to make an audio/visual presentation pertaining to an item on the agenda, or during Public Comments, should contact the City Clerk’s office at 619.667.1120, no later than 12:00 p.m., the Monday prior to the meeting day. Advance notification will ensure compatibility with City equipment and allow Council meeting presentations to progress smoothly and in a consistent and equitable manner. Please note that all presentations/digital materials are considered part of the maximum time limit provided to speakers.

Agenda reports for items on this agenda are available for public review at the City Clerk's Office, 8130 Allison Avenue, during normal business hours.

Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet are available for public inspection in the City Clerk’s Office, 8130 Allison Avenue, during normal business hours.

ACCESSIBILITY: The City of La Mesa encourages the participation of disabled individuals in the services, activities and programs provided by the City. Individuals with disabilities, who require reasonable accommodation in order to participate in the City Council meetings, should contact the Administrative Services Department 48 hours prior to the meeting at 619.667.1175, fax 619.667.1163, or [email protected].

Hearing assisted devices are available for the hearing impaired. A City staff member is available to provide these devices upon entry to City Council meetings, commission meetings or public hearings held in the City Council Chambers. A photo i.d. or signature will be required to secure a device for the meeting.

Pages

1. CALL TO ORDER

1.1 INVOCATION - MAYOR ARAPOSTATHIS

1.2 PLEDGE OF ALLEGIANCE

2. ANNUAL ROTATION OF VICE MAYOR 1

3. CITY MANAGER COMMENTS

4. COMMUNITY BULLETIN REPORTS

5. ADDITIONS AND/OR DELETIONS TO THE AGENDA

6. PRESENTATIONS

6.1 BUDGET MONITORING REPORT 2

6.2 CITY TREASURER'S QUARTERLY REPORT 14

6.3 POLICE CHIEF'S QUARTERLY OPERATIONS REPORT 25

7. PUBLIC COMMENTS – (TOTAL TIME – 15 MINUTES)
NOTE: In accordance with state law, an item not scheduled on the agenda may be brought forward by the general public for comment; however, the City Council will not be able to discuss or take any action on the item at this meeting.

If appropriate, the item will be referred to Staff or placed on a future agenda.

8. CONFLICT DISCLOSURES

9. BOARD AND COMMISSION INTERVIEWS

9.1 INTERVIEW OF APPLICANT FOR A VACANCY ON THE MOBILITY

COMMISSION
40 Staff Reference: Ms. Wiegelman

10. BOARD AND COMMISSION APPOINTMENTS

10.1 RESOLUTION APPOINTING MEMBERS TO THE CITY'S

COMMUNITY POLICE OVERSIGHT BOARD
43 Staff Reference: Ms. Wiegelman
Recommended Motion:

The Mayor appoint members to fill the openings on the City's Community Police Oversight Board, with the approval of the Council, and adopt the Resolution confirming the appointments.

11. PUBLIC COMMENTS ON CONSENT CALENDAR
This is the time in which members of the Council or audience may pull items from the CONSENT CALENDAR for discussion. Public Comments are also invited on Consent Calendar items.

12. CONSENT CALENDAR
(Items 12.1 through 12.17)
*If a public hearing item is part of the Consent Calendar, the public hearing shall be deemed held if the item is not removed from the Consent Calendar for discussion and possible action (Item 12.11).

The Consent Calendar includes items considered to be routine. Unless discussion is requested by members of the Council or audience, all Consent Calendar items may be approved by one motion.

Recommended Motion:

Approve Consent Calendar Items 12.1 through 12.17.

12.1 APPROVAL OF MOTION TO WAIVE THE READING OF THE TEXT

OF ALL ORDINANCES AND RESOLUTIONS AT THIS MEETING
Recommended Motion:

Approve.

12.2 APPROVAL OF THE MINUTES FOR THE CITY COUNCIL REGULAR MEETINGS HELD TUESDAY, JULY 9, AND TUESDAY, JULY 23, 2024 47 Recommended Motion:

Approve.

12.3 APPROVAL OF THE MINUTES FOR THE CITY COUNCIL SPECIAL MEETING HELD TUESDAY, JULY 23, 2024
67 Recommended Motion:

Approve.

12.4 INTRODUCTION AND ADOPTION OF AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA CORRECTING SCRIVENER’S

ERROR IN AN ORDINANCE RELATING TO EXTENDING THE

EXISTING TRANSACTION AND USE TAX (LA MESA MUNICIPAL
CODE CHAPTER 5.28: PROPOSITION “L”) ADOPTED ON
69 JULY 9, 2024 (THE "ORDINANCE")
Staff Reference: Ms. Wiegelman
Recommended Motion:

Approve the introduction and adoption of the Ordinance.

12.5 ACCEPTANCE OF INVESTMENT POLICY FOR THE CITY OF LA MESA FOR FISCAL YEAR 2024-2025
72 Staff Reference: Mr. Strabone
Recommended Motion:

Receive and file.

12.6 RESOLUTION ESTABLISHING THE PROPERTY TAX RATE FOR
BONDED INDEBTEDNESS FOR FISCAL YEAR 2024-2025
144
Staff Reference: Ms. Royales
Recommended Motion:

Adopt Resolution.

12.7 RESOLUTION APPROVING SALARY ADJUSTMENTS TO THE
FISCAL YEAR 2024-25 COMPENSATION PLAN FOR FIRE

MANAGEMENT STAFF AND THE PROFESSIONAL STANDARDS

UNIT ASSISTANT CLASSIFICATION
147
Staff Reference: Ms. Spaniol
Recommended Motion:

Adopt Resolution.

12.8 RESOLUTION AUTHORIZING THE CHIEF OF POLICE TO ENTER

INTO A MEMORANDUM OF AGREEMENT BETWEEN THE POLICE

DEPARTMENT AND THE SAN DIEGO COUNTY SHERRIF'S

DEPARTMENT FOR THE OPERATION STONEGARDEN GRANT
155
Staff Reference: Chief Sweeney
Recommended Motion:

Adopt Resolution.

12.9 HOMELESS OUTREACH AND MOBILE ENGAGEMENT (HOME)
PROGRAM QUARTERLY REPORT (APRIL 2024 - JUNE 2024)
201
Staff Reference: Chief Sweeney
Recommended Motion:

Receive and file.

12.10 APPROVAL OF SECOND READING AND ADOPTION OF AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA,

CALIFORNIA, RELINQUISHING ENFORCEMENT AUTHORITY OF

THE MOBILEHOME PARKS ACT TO THE CALIFORNIA

DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
211
Staff Reference: Ms. Santos
Recommended Motion:

Approve the second reading and adoption of the Ordinance.

12.11 *APPROVAL OF SECOND READING AND ADOPTION OF AN
ORDINANCE AMENDING TITLE 24 (ZONING) OF THE LA MESA

MUNICIPAL CODE
215

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA

AMENDING THE LA MESA MUNICIPAL CODE TO ADD A NEW
SECTION 24.05.020(A)(6) TO AUTHORIZE BY-RIGHT APPROVAL
FOR PROJECTS WITH 20% AFFORDABLE UNITS ON REUSE SITES

AS DEFINED PURSUANT TO GOVERNMENT CODE SECTION
65583.2 AND IN COMPLIANCE WITH THE 6TH CYCLE HOUSING
ELEMENT, IMPLEMENTATION PROGRAM 8
Staff Reference: Ms. Santos
Recommended Motion:

Approve the second reading and adoption of the Ordinance.

12.12 RESOLUTION APPROVING THE FIRST AMENDMENT TO THE

STANDARD SERVICES AGREEMENT FOR PROFESSIONAL

SERVICES BETWEEN THE CITY OF LA MESA AND SOLANA

CENTER FOR ENVIRONMENTAL INNOVATION FOR EDIBLE FOOD

RECOVERY EDUCATION AND COMPLIANCE CONSULTANT

SERVICES
252
Staff Reference: Mr. Throne
Recommended Motion:

Adopt Resolution.

12.13 RESOLUTION APPROVING AN AGREEMENT WITH PUBLIC HEALTH

INSTITUTE FOR CLIMATE ACTION PLAN IMPLEMENTATION
SERVICES FOR THE 2024-2025 CIVICSPARK PROGRAM
282
Staff Reference: Ms. Ego
Recommended Motion:

Adopt Resolution.

12.14 RESOLUTION AWARDING A TASK ORDER TO HARRIS AND

ASSOCIATES FOR WASTEWATER UTILITY BILLING, ANNUAL

ADMINISTRATION, AND RELATED SERVICES
305
Staff Reference: Mr. Throne
Recommended Motion:

Adopt Resolution.

12.15 RESOLUTION AUTHORIZING CONTRACT CHANGE ORDER NO.1

FOR THE BOULEVARD DRIVE STORM DRAIN IMPROVEMENT
PROJECT, BID NO. 24-16, TO SC VALLEY ENGINEERING, INC.
314
Staff Reference: Mr. Throne
Recommended Motion:

Adopt Resolution.

12.16 RESOLUTION RENEWING THE AGREEMENT FOR PLAN REVIEW

SERVICES FOR BUILDING AND FIRE PERMITS TO BPR

CONSULTING GROUP, LLC
320
Staff Reference: Chief Koch
Recommended Motion:

Adopt Resolution.

12.17 RESOLUTION APPROVING A RIGHT-OF-WAY AGREEMENT

BETWEEN THE CITY OF LA MESA AND PACIFIC WYYERD LLC FOR

THE INSTALLATION, OPERATIONS AND MAINTENANCE OF FIBER

OPTIC COMMUNICATION LINES IN CITY STREETS
410
Staff Reference: Mr. Throne
Recommended Motion:

Adopt Resolution.

13. STAFF REPORT

13.1 CONSIDERATION AND POSSIBLE APPROVAL OF CONCEPT

DESIGNS FOR PUBLIC ART FOR THE WALKWAY OF THE STARS

MURAL PROJECT
497
Staff Reference: Ms. Richardson
Recommended Motion:

That the City Council approve the concept designs for the Walkway of the Stars mural project, and in accordance with the Policy for Public Arts, the Arts and Culture Commission convened for a Special Meeting on August 5, 2024 to review proposed mural designs and recommends that City Council approve the five (5) concept designs presented today.

14. ORDINANCE: SECOND READING

14.1 CONSIDERATION OF SECOND READING AND ADOPTION OF AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA
ADDING LA MESA MUNICIPAL CODE CHAPTER 10.30,

REGULATING THE RESIDENTIAL STORAGE OF FIREARMS
506
Council Ad Hoc Subcommittee: Councilmember Dillard and
Councilmember Shu
Recommended Motion:

Approve the second reading and adoption of the Ordinance.

15. COUNCIL INITIATED

15.1 CONSIDERATION OF DIRECTING STAFF TO ADD A STAFF

POSITION DEDICATED TO LITTER COLLECTION THROUGHOUT

THE CITY - MAYOR ARAPOSTATHIS AND VICE MAYOR LOTHIAN
511

16. COUNCIL COMMITTEE REPORTS (3 MINUTE LIMIT)

16.1 CONSIDERATION AND POSSIBLE ACTION REGARDING THE

ADJUSTMENT TO THE RESPECTIVE CONTRACTS FOR THE CITY

MANAGER AND CITY ATTORNEY
513
Council Ad Hoc Subcommittee: Mayor Arapostathis and Councilmember Dillard
a. RESOLUTION AUTHORIZING EXECUTION OF THE FOURTH

AMENDMENT TO THE CITY MANAGER EMPLOYMENT

AGREEMENT
b. RESOLUTION AUTHORIZING EXECUTION OF THE FOURTH

AMENDMENT TO THE CITY ATTORNEY EMPLOYMENT

AGREEMENT
c. RESOLUTION APPROVING THE AMENDED CITY OF LA
MESA COMPENSATION PLAN FOR FISCAL YEAR 2024-2025

LISTING POSITIONS, SALARY RANGES/BANDS, AND PAY
STEPS

17. AB 1234 REPORTS (GC 53232.3 (d))

18. CITY ATTORNEY REMARKS

19. ADJOURNMENT
PLEASE NOTE: pursuant to La Mesa Municipal Code § 2.08.010, the second Council meeting in the month of August shall serve as a summer recess. The next Council meeting will be held on Tuesday, September 10, 2024 at 6:00 p.m.

DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Megan Wiegelman, City Clerk
VIA: Greg Humora, City Manager
SUBJECT: Annual Rotation of the Vice Mayor
Section 2.12.080 of the La Mesa Municipal Code reads as follows:

The office of the vice mayor will be rotated among all the members of the city council. The term of each member shall be one year beginning the second Tuesday of August one year and ending on the Monday before the second Tuesday the next August. The vice mayor will be the council member with the most seniority who has not been vice mayor in the last three consecutive years. In the event two or more council members have equal seniority and have not been vice mayor in the last three consecutive years, the council member with the most votes in their last regular election shall serve as vice mayor.

Vice Mayors for the past three consecutive years have been:

Councilmember Shu April 2021 – August 2022
Councilmember Parent August 2022 – August 2023
Councilmember Lothian August 2023 – August 2024
Therefore, in accordance with the code section cited above, Councilmember Dillard will be the next Vice Mayor.

In addition, at its meeting on August 14, 2007, the Council approved a formalized policy for the rotation of Council seats at the dais based on the order of when each Councilmember would be Vice Mayor. According to this policy, the incoming Vice Mayor will sit next to the Mayor, the outgoing Vice Mayor will occupy the last chair and the other Councilmembers will move up one seat.

The change in seating will occur prior to the August 13th meeting.

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DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Tammi Royales, Director of Finance
VIA: Greg Humora, City Manager
SUBJECT: BUDGET MONITORING REPORT JUNE 30, 2024
Please see the attached report.

Page 2 of 518 ends

2023-2024 Budget Monitoring Report
Quarter Ending June 30, 2024
E:\Budget Monitoring Reports-Presentations\2023-2024\2023-2024 Q4 BMR.docx

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CITY OF LA MESA PAGE 1
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
The Finance Department produces the quarterly Budget Monitoring Report using month-end financial information from the City’s financial system, input from staff in City departments, and relevant information from local, regional, and national sources (e.g., newspapers, economists, League of California Cities, etc.).

If you are new to this report, we suggest that you start by first reviewing the Reader’s Guide located at the end of the document for information on the organization and layout of the report.

Please contact Tammi Royales at (619) 667-1122 if you have any questions, comments, or suggestions.

Table of Contents
Page
Executive Summary................................................................................................... 2 Resources .................................................................................................................. 7 Appropriations........................................................................................................... 8 Reserves..................................................................................................................... 9 Reader’s Guide .......................................................................................................... 10

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CITY OF LA MESA PAGE 2
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024

EXECUTIVE SUMMARY
This Budget Monitoring Report details and analyzes economic indicators and forecasts based on certain assumptions and published projections through the quarter ending June 30, 2024. In the past, this report focused on economic factors across the nation that influenced the budget monitoring report. We are shifting focus by concentrating more on local factors that directly affect our economy that help the City prepare our annual budget and forecasts. This quarters report will focus on taxes and how we use data to better forecast future spending.

NATIONAL ECONOMIC INDICATORS AND FORECASTS
U.S. Leading Economic Index
The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.2 percent in June 2024 to 101.1 (2016=100), following a decline of 0.4 percent (upwardly revised) in May.

Over the first half of 2024, the LEI fell by 1.9 percent, a smaller decrease than its 2.9 percent contraction over the second half of last year.
“The US LEI continued to trend down in June, but the contraction was smaller than in the past three months,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. “The decline continued to be fueled by gloomy consumer expectations, weak new orders, negative interest rate spread, and an increased number of initial claims for unemployment. However, due to the smaller month-on-month rate of decline, the LEI’s long-term growth has become less negative, pointing to a slow recovery. Taken together, June’s data suggest that economic activity is likely to continue to lose momentum in the months ahead.

We currently forecast that cooling consumer spending will push US GDP growth down to around 1 percent (annualized) in Q3 of this year.”

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CITY OF LA MESA PAGE 3
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
Consumer Price Index
The Consumer Price Index for All Urban
Consumers (CPI-U) declined 0.1 percent
on a seasonally adjusted basis, after being
unchanged in May, the U.S. Bureau of
Labor Statistics reported today. Over the
last 12 months, the all items index
increased 3.0 percent before seasonal
adjustment.

The index for all items less food and energy
rose 0.1 percent in June, after rising 0.2
percent the preceding month. Indexes
which increased in June include shelter,
motor vehicle insurance, household furnishings and operations, medical care, and personal care. The indexes for airline fares, used cars and trucks, and communication were among those that decreased over the month.

The all items index rose 3.0 percent for the 12 months ending June, a smaller increase than the

3.3-percent increase for the 12 months ending May. The all items less food and energy index rose 3.3 percent over the last 12 months and was the smallest 12-month increase in that index since April 2021. The energy index increased 1.0 percent for the 12 months ending June. The food index increased 2.2 percent over the last year.

LOCAL ECONOMIC INDICATORS AND FORECASTS
Unemployment Rate
The overall U.S. unemployment rate doesn’t give
a true reflection of what is going on locally so we
drill down to La Mesa to better understand how
unemployment is impacting our local economy.

The U.S. Bureau of Labor Statistics reported that
the total U.S. nonfarm payroll employment
increased to 4.1 percent in June 2024. In
comparison, California’s unemployment rate is

5.3 percent. San Diego County has a more
positive rate at 4.5 percent. La Mesa’s June
unemployment rate stands at 4.3 percent.

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CITY OF LA MESA PAGE 4
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
Local Sales Tax Allocations
Taxes are the main revenue source for our City. Many factors effect taxes including federal interest rates, inflation, valuation, supply chain, and consumer trends. The chart below shows tax earnings since FY09 with the passing of Prop L. Property tax revenue is based on sales from the previous year and may not be in alignment with current economic conditions. Sales tax is driven by sales at the local level and online sales which are part of the County Pool. As projected, cannabis tax has stabilized Other taxes are derived from citywide agreements with utilities such as refuse, cable, gas and electric.

La Mesa’s
receipts from
January through
March were 3.7%
above the first
sales period in
2023. Excluding
reporting
aberrations,
actual sales were
up 0.6%.

State-county
pools, the City’s
second largest
income category,
had positive gains with a 5.1% return. As patrons enjoyed eating out at fast-casual establishments, these businesses benefitted from encouraging gross receipts.

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CITY OF LA MESA PAGE 5
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
Voter-approved Proposition L posted slightly lower results, as local consumers pulled back on retail and transportation-related spending.

GENERAL FUND SUMMARY
General Fund Resources
General Fund revenues received through the end of fiscal year 2023-2024 are very close to budget expectations and at 97 percent. The General Fund’s major revenue sources, property tax and sales tax (both base sales & use tax and Proposition L transaction tax) are not received at regular intervals throughout the fiscal year, but rather towards the middle and end of the fiscal year with a final accrual received and recorded in mid-August. For this reason, revenue received from these sources through the fourth quarter of the fiscal year may not equate to the total annual revenues that are eventually received.

General Fund Resources
Through 100% of Fiscal Year
2023 - 2024
Budget¹
YTD Collected
(unaudited)
% of
Budget
Collected
YTD Collected
(unaudited)
% of
Budget
Collected
Revenues:

Taxes
Property Tax $ 18,610,380.00 $ 18,927,870.00 101.7% $ 18,350,850.00 98.6% Former Tax Increment (RDA) 300,000.00 496,630.00 165.5% $ 366,170.00 122.1% Sales 17,000,000.00 16,291,400.00 95.8% $ 16,717,180.00 98.3% Proposition L 12,500,000.00 11,460,540.00 91.7% $ 12,998,140.00 104.0% Cannabis Business Tax 2,500,000.00 2,829,960.00 113.2% $ 3,121,960.00 124.9% Other 3,207,680.00 4,088,320.00 127.5% $ 3,628,810.00 113.1% Subtotal Taxes $ 54,118,060.00 54,094,720.00 100.0% 55,183,110.00 102.0% Licenses & permits $ 1,752,300.00 $ 2,063,230.00 117.7% $ 2,483,570.00 141.7% Fines, forfeitures & penalties 469,000.00 497,690.00 106.1% 122,880.00 26.2% Use of money and property 1,904,000.00 2,287,880.00 120.2% 942,430.00 49.5% Revenue from other agencies 1,530,750.00 1,581,650.00 103.3% 1,701,780.00 111.2% Service charges 2,534,150.00 1,314,051.28 51.9% 3,403,460.00 134.3% Other revenue 5,499,190.00 2,703,340.00 49.2% 1,242,860.00 22.6% Total Revenues $ 67,807,450.00 64,542,561.28 95.2% 65,080,090.00 6.0% Other financing sources:

Interfund transfers in 3,090,200.00 937,860.00 30.3% 2,140,700.00 69% Interfund transfers out (2,448,450.00) - 0.0% (1,295,300.00) 53% Total other financing sources 641,750.00 937,860.00 146.1% 845,400.00 132% Plus: Fund Balance at July 1 50,122,196.00 50,122,196.00 100% 39,777,922.00 79% Total resources $ 118,571,396.00 $ 115,602,617.28 97% $ 105,703,412.00 89% ¹ Budget reflects any amendments approved by the City Council through end of the quarter Current Fiscal Tear Prior Year Comparison

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CITY OF LA MESA PAGE 6
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
 Overall, total general fund revenues are meeting budgetary expectations for the fiscal year and are higher when compared to the same period last fiscal year.  Sales tax revenues received for FY24 are not final as of this report but are expected to meet the budget.
 Proposition L sales tax revenues for FY24 are not final as of this report but are expected to meet the budget.
 Cannabis Tax has flattened but exceeded the budget.
 Other General Fund revenues, including licenses and permits, mostly due to building permit fees; revenue from other agencies, and service charge revenue from recreation classes and engineering fees are within budgetary expectations.

General Fund Appropriations
 All departments are below budget through 100 percent of the fiscal year.

General Fund Reserves
The estimated available reserves at the begging of FY 22-23 are $50,122,196. There will not be a final reserve number for FY23-24 until the books close at the end of August 2024.

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CITY OF LA MESA PAGE 7
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
The City Council’s reserve policies formally establish two General Fund reserve targets: a Rainy Day Reserve target of 15 percent and an additional Cash Flow Reserve target of 25 percent.

Because of the additional Proposition L Sales Tax revenues, a projected small but steady recovery of base sales and property taxes, the General Fund reserves are projected to meet both the 15 percent Rainy Day Reserve target and the additional Cash Flow Reserve target of 25 percent in fiscal year 2023-2024.

CONCLUSIONS
As we close fiscal year 2024, we are starting to see some stagnation in spending but not enough to reevaluate our current budget. We are mindful of the federal interest rates, the stock market, and upcoming election results as we head into a new budget season at the end of the year. La Mesa remains fiscally strong with a healthy mix of business and residential. We have taken advantage of higher interest rates with our investments as well as seeking other funding opportunities with grants.

Forcasted
FY 20-21 FY 21-22 FY 22-23
Final Budget
FY 23-24
Final Budget FY
24-25
Available Reserves at June 30 36,598,856.00 42,293,571.00 50,122,196.00 41,920,331.00 36,826,970.00 Reserves as % of Operating
Expenditures

69.6% 61.6% 79% 59% 57%
Source of Revenues:

Property Sale (Police Station) 3,050,000.00 3,050,000.00 3,050,000.00 3,050,000.00 3,050,000.00 Property Sale (Other land) 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 Proposition L Revenues 10,900,549.00 11,900,000.00 10,301,000.00 12,500,000.00 12,656,300.00 Reserves from Operations 18,648,307.00 23,343,571.00 32,771,196.00 22,370,331.00 20,687,757.00 Total Ending General Fund Reserves 36,598,856.00 42,293,571.00 50,122,196.00 41,920,331.00 40,394,057.00 Actuals

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CITY OF LA MESA PAGE 8
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
READER’S GUIDE
Managing a municipality the size of La Mesa is, in many ways, like managing a for profit corporation. Instead of focusing upon bottom-line profits, La Mesa managers must skillfully steward public dollars and ensure the effectiveness and efficiency of the City’s operations. They must live within legislatively approved budgets that are reviewed by residents, business leaders, and others interested in the City.

Like private corporations, public entities report their financial condition on a regular basis.

Corporations make reports to stockholders while public entities report to their “stakeholders” -- the individuals and organizations that have a “stake” in the entity’s operations.

In addition to an annual financial report and biennial budget document, the City of La Mesa publishes a quarterly Budget Monitoring Report to provide stakeholders with current information about the City’s financial condition and performance in the essential areas of the City’s operations.

This report is designed to give the reader a sense of how well La Mesa is doing fiscally and what its current successes or challenges might be. It includes a high level overview of the City’s financial condition followed by more detailed information on resources and expenditures for those readers who are interested in going beyond the bottom line.

This Reader’s Guide has been developed to assist you in reviewing the City of La Mesa’s quarterly Budget Monitoring Report. It highlights the type of information contained in each section and presents a glossary of commonly used budget terms.

Please contact Tammi Royales at (619) 667-1122 if you have any questions, comments, or suggestions.

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CITY OF LA MESA PAGE 9
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024

QUARTERLY BUDGET MONITORING REPORT ORGANIZATION
Executive Summary – A broad level overview of the City of La Mesa’s current financial condition. It begins with comments on the economy, followed by a summary financial table and graph along with any comments highlighting resources and expenditures.

Resources – A more detailed discussion of revenue collections and other resources supporting the City’s expenditures. Included in the discussion is a financial table showing the current year’s budget, year-to-date collections, and calculated percent of budget collected. The discussion also includes comments on the significant factors and conditions affecting these items.

Appropriations – A more detailed discussion of expenditures and reserves. Included in the discussion is a financial table showing the current year’s budget by department, year-to-date expenditures, and calculated percent of budget expended. The discussion also includes comments on the significant factors and conditions affecting these items.

Reserves - Commentary on estimated ending fund balance and its relationship to reserve targets. Included is a table displaying historical ending fund balance related to reserve targets.

FUNDS NOT REPORTED ON
This report focuses on the General Fund which provides the majority of government services.

Other funds have been excluded from this report.

GLOSSARY
The following are definitions of some of the more common terms one may encounter in reviewing this document.

Accrual Basis – The basis of accounting under which revenues are recorded when they are earned and expenditures are recorded when they result in liabilities for benefits received.

Accrued Revenue – Revenue earned during the current accounting period but which is not collected until a subsequent accounting period.

Appropriation – Amount authorized for expenditure by the City Council.

Beginning Fund Balance – An account used to record resources available for expenditure in one fiscal year because of revenues collected in excess of the budget and/or expenditures less than the budget in the prior fiscal year.

Budget - A financial operating plan for a given period which displays the expenditures to provide services or to accomplish a purpose during that period together with the estimated sources of revenue (income) to pay for those expenditures. Once the fund totals shown in the budget are appropriated by the City Council, they become maximum spending limits.

Page 12 of 518 ends

CITY OF LA MESA PAGE 10
BUDGET MONITORING REPORT QUARTER ENDING JUNE 30, 2024
Ending Fund Balance - An account used to record resources available at year end as a result of revenues collected in excess of the budget and/or expenditures less than the budget during the fiscal year. The City’s operating reserves are budgeted in the General Fund ending fund balance.

Expenditure – The payment for City obligations, goods, and services.

Fiscal Year – A twelve-month period designated as the operating year for accounting and budgeting purposes. The City of La Mesa’s fiscal year is July 1 through June 30.

Fund - Governmental accounting systems are organized and operated on a fund basis. A fund is an independent financial and accounting entity with a self-balancing set of accounts in which financial transactions relating to revenues, expenditures, assets, and liabilities are recorded.

Funds are established to account for the use of restricted revenue sources and, normally, to carry on specific activities or pursue specific objectives.

General Fund – The financial and accounting entity that comprises typical operations of a municipality such as police, fire, public works, and other departments.

Grants – A contribution by a government or other organization to support a particular function.

Grants may be classified as either operational or capital, depending upon the grantor.

M&O (Maintenance and Operating) Costs – Expenditure category that represents amounts paid for supplies and other services and charges.

Proposition L – The La Mesa Vital City Services Measure which was passed by voters on November 4, 2008 authorizing a ¾ cent local transactions and use tax (commonly referred to as a sales tax). This general purpose tax became effective on April 1, 2009.

Reserve – An account used either to set aside budgeted revenues that are not required for expenditure in the current budget or to earmark revenues for a specific future purpose.

Resources - Total dollars available for appropriation, including estimated revenues, interfund transfers, and beginning fund balances.

Revenue - Sources of income received during the fiscal year, operating transfers from other funds, and other financing sources such as the proceeds derived from the sale of fixed assets.

Revenues from Other Agencies – Funds received from federal, state, and other local government sources in the form of grants, shared revenues, and payments in lieu of taxes.

Taxes – Compulsory charges levied by a government for financing services performed for the common benefit of the people. This term does not include specific charges made against particular persons or property for current or permanent benefit, such as special assessments.

Trust Funds – Funds used to account for assets held by a government in a trustee capacity for individuals, private organizations, other governments, and/or other funds. Examples are pension trust funds, nonexpendable trust funds, and expendable trust funds.

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REPORT to the MAYOR and MEMBERS of the CITY COUNCIL
From the CITY MANAGER
DATE: August 13, 2024
SUBJECT: Treasurer’s Report for the Quarter Ending
June 30, 2024
ISSUING DEPARTMENT: Finance Department – City Treasurer

SUMMARY
PORTFOLIO VALUE:

The City’s portfolio ended the quarter with a market value of $94,555,194. This represents a discount of $2,366,614 from par value, or purchase price. As the City maintains an Investment Policy that follows a strict “buy and hold” strategy, there is no economic gain or loss upon call or maturity. The City’s securities continue to earn interest at the stated rates through the dates of redemption.

LIQUIDITY:

Liquidity meets the statutory requirements with $45,049,808 in LAIF for immediate availability. “LAIF” stands for Local Agency Investment Fund, and is operated by the California State Treasurer to act as an immediate-access account for local governments and special districts in California.

EARNINGS:

Investment earnings from the invested portfolio of government agency bonds, corporate securities, and certificates of deposit, but excluding LAIF, for the current quarter collected from April 1, 2024, through June 30, 2024, total $328,133, which represents an annualized rate of 2.53%. Investment earnings from LAIF for the current quarter total $457,424, which represents an annualized rate of 4.06%. Combined, investment earnings were $785,557, representing a total annualized rate of return of 3.24% for this quarter. Please note that this represents interest payments and dividends actually earned by the City during the quarter, and may not necessarily reflect all interest payments and dividends payable to the City for the current quarter due to differing payment schedules and variable interest rates.

Page 14 of 518 ends

Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 2 of 5
City’s Strategic Goal
To maintain a financially sound and affordable
city government
SAFETY
Federal Agencies
• Carry the implied guarantee of the United States government Corporate Securities
• The City’s Investment Policy requires ratings of Double A (AA) or better Certificates of Deposit
• Guaranteed by the FDIC to $250,000
Local Agency Investment Fund (LAIF)
• Managed by the California State Treasurer; consists primarily of U.S. Treasuries, government agency bonds, and other short-term investments.

LIQUIDITY
The City’s LAIF balance of $45,049,808 represents the City’s immediate cash and is

46.48% of the portfolio. Additionally, as investments mature, they can be reinvested at thencurrent rates or redeemed to provide additional operating cash. The invested portfolio of government agency bonds, corporate securities, and certificates of deposit has an average maturity of 2.1 years with $7,454,000 maturing within one year for added liquidity.

EARNINGS
As noted above, the City’s portfolio earned $785,557 this quarter, representing an annualized yield of 3.24%.

Page 15 of 518 ends

Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 3 of 5

PORTFOLIO PROFILE
To achieve the City’s strategic goal, the City’s primary investment objectives, in order of priority, are: Safety, Liquidity, and Earnings. Key to each of these objectives is a well-diversified portfolio that minimizes credit and interest rate risk and provides necessary liquidity. The City’s portfolio is designed to meet these objectives as summarized in the following table which is presented at par values. This table represents the City’s holdings as of June 30, 2024:

Years to
Maturity
Government
Agencies
Corporate
Securities
Certificates
of Deposit LAIF Totals
%of
Portfolio
Interest
Rate
0 – 1 3,000,000 500,000 3,954,000 45,049,808 52,503,808 54.17% 2.54% 1 – 2 11,000,000 1,000,000 743,000 - 12,743,000 13.15% 1.57% 2 – 3 18,000,000 0 4,464,000 - 22,464,000 23.18% 2.14%
3 – 4 1,000,000 0 2,968,000 - 3,968,000 4.09% 4.05%
4 – 5 4,250,000 0 993,000 - 5,243,000 5.41% 5.35%
Totals 37,250,000 1,500,000 13,122,000 45,049,808 96,921,808 100.00% Portfolio % 38.43% 1.55% 13.54% 46.48% 100.00%
Interest
Rate 2.43% 1.82% 2.89% 4.06% 3.24%
*Interest rate for assets with 0-1 years to maturity excludes LAIF

Page 16 of 518 ends

Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 4 of 5

PORTFOLIO ACTIVITY
During the quarter, one federal agency bond was purchased and three certificates of deposit matured. No other holdings in the City’s portfolio matured, were called, or were purchased.

Federal Agencies Purchased: Maturity Rate Par Value
FHLMC (callable) 5 year 5.50% $500,000
Certificates of Deposit Matured: Maturity Rate Par Value Sallie Mae Bank 5 year 2.75% $246,000
Security Bank 5 year 2.50% $249,000
Plains State Bank 5 year 2.30% $249,000

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Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 5 of 5

PORTFOLIO COMPLIANCE
The portfolio complies with California code sections concerning safety and liquidity in the investment of public funds. Investment strategies are based on liquidity requirements and interest rate projections and have been collaboratively determined by the City Treasurer, City Manager, and Director of Finance. The City Treasurer executes trades in accordance with these strategies.

Required Contents of Investment Reports
California Government Code Section 53646(b) suggests that the quarterly investment report of a local agency contain certain items. These items include the type of investment, the issuer’s name, the date of maturity of the security, the par amount of the instrument, the market value, and the dollar amount invested in each security. The source of the market value also should be included in the report. The report also must reference all funds that are under the management of external investment providers, such as investment advisors and investment managers. A local government’s quarterly report, if submitted, must state the portfolio’s compliance with the agency’s investment policy or manner in which the portfolio is not in compliance. Finally, the investment report must include a statement regarding the local agency’s ability to meet its cash flow needs for the next six months.

Accordingly, I advise you of the following facts in compliance with Government Code Section 53646(b):

1. The source of the valuations included herein is U.S. Bank, Saint Paul, MN 55107.

2. No funds are under the management of external providers or managers. Investment decisions are made by a consensus of the City Treasurer, City Manager, and Director of Finance.

3. The City’s portfolio remains in strict compliance with the Investment Policy of the City of La Mesa for FY 2023-2024.

4. The City of La Mesa’s investment portfolio more than adequately assures the City’s ability to meet its cash flow needs during the ensuing six months.

Reviewed by Respectfully submitted by
___________________________ ___________________________ Greg Humora Matt Strabone
City Manager City Treasurer
Attachments:

A - Schedule of Investments – Summary
B - Schedule of Investments – Detail

Page 18 of 518 ends

City of La Mesa
Schedule of Investments, June 30, 2024
Type of Investment CUSIP Id Asset Short Name Issue Date Maturity Date Interest Rate Par Value Book Value Market Value CERTIFICATE OF DEPOSIT 46256YBB4 IOWA ST BK C D 2.10%
7/10/24
07/10/2019 07/10/2024 2.10% 247,000.00 247,000.00 246,706.07 CERTIFICATE OF DEPOSIT 20143PDY3 COMMERCIAL BK C D

2.000% 7/15/24
07/15/2019 07/15/2024 2.00% 249,000.00 249,000.00 248,609.07 CERTIFICATE OF DEPOSIT 43719LAB1 HOME LN INVT BK C D

2.000% 7/19/24
07/19/2019 07/19/2024 2.00% 249,000.00 249,000.00 248,536.86 CERTIFICATE OF DEPOSIT 29278TKJ8 ENERBANK USA C D 2.150% 8/07/24
08/07/2019 08/07/2024 2.15% 247,000.00 247,000.00 246,098.45 CERTIFICATE OF DEPOSIT 15118RRH2 CELTIC BANK C D 1.850% 8/30/24
08/30/2019 08/30/2024 1.85% 249,000.00 249,000.00 247,486.08 CERTIFICATE OF DEPOSIT 938828BM1 WASHINGTON C D 2.000%
8/30/24
08/30/2019 08/30/2024 2.00% 249,000.00 249,000.00 247,598.13 CERTIFICATE OF DEPOSIT 29367SJQ8 ENTERPRISE BANK C D

1.800% 11/08/24
11/08/2019 11/08/2024 1.80% 249,000.00 249,000.00 245,822.76 CERTIFICATE OF DEPOSIT 32117WAN2 FNB OF ALBANY C D 1.600% 2/28/25
02/28/2020 02/28/2025 1.60% 225,000.00 225,000.00 219,591.00 CERTIFICATE OF DEPOSIT 29260MAV7 ENCORE BK C D 1.150%
3/25/25
03/25/2020 03/25/2025 1.15% 249,000.00 249,000.00 241,589.76 CERTIFICATE OF DEPOSIT 73319FAK5 POPPY BANK C D 1.100%
3/27/25
03/27/2020 03/27/2025 1.10% 249,000.00 249,000.00 241,445.34 CERTIFICATE OF DEPOSIT 79772FAF3 SAN FRANCISCO C D

1.100% 3/27/25
03/27/2020 03/27/2025 1.10% 249,000.00 249,000.00 241,445.34 CERTIFICATE OF DEPOSIT 020080BX4 ALMA BANK C D 1.400%
3/28/25
03/30/2020 03/28/2025 1.40% 249,000.00 249,000.00 241,958.28 CERTIFICATE OF DEPOSIT 51210SSD0 LAKESIDE BK C D 1.400% 3/31/25
03/30/2020 03/31/2025 1.40% 249,000.00 249,000.00 241,886.07 CERTIFICATE OF DEPOSIT 694231AC5 PACIFIC C D 1.150%
3/31/25
03/31/2020 03/31/2025 1.15% 249,000.00 249,000.00 241,460.28 CERTIFICATE OF DEPOSIT 856285TF8 STATE BK INDIA C D 1.600% 4/29/25
04/29/2020 04/29/2025 1.60% 248,000.00 248,000.00 240,639.36 CERTIFICATE OF DEPOSIT 33847E3F2 FLAGSTAR BK FSB C D

1.050% 4/30/25
04/30/2020 04/30/2025 1.05% 248,000.00 248,000.00 239,515.92 CERTIFICATE OF DEPOSIT 06063HMS9 BANK BARODA NEW C D

0.700% 7/22/25
07/22/2020 07/22/2025 0.70% 249,000.00 249,000.00 237,560.94 CERTIFICATE OF DEPOSIT 89235MKY6 TOYOTA FINL C D 0.900% 4/22/26
04/22/2021 04/22/2026 0.90% 248,000.00 248,000.00 230,744.16 CERTIFICATE OF DEPOSIT 02007GQQ9 ALLY BK UT C D 2.850%
5/05/26
05/02/2022 05/05/2026 2.85% 246,000.00 246,000.00 236,949.66 CERTIFICATE OF DEPOSIT 90348JQ29 UBS BK USA SALT C D

0.900% 7/14/26
07/14/2021 07/14/2026 0.90% 249,000.00 249,000.00 229,777.20 CERTIFICATE OF DEPOSIT 30960QAS6 FARMERS INS C D 5.100% 7/27/26
07/26/2023 07/27/2026 5.10% 248,000.00 248,000.00 249,101.12 CERTIFICATE OF DEPOSIT 16141BAH4 CHARTWAY FED C D

5.250% 7/28/26
07/28/2023 07/28/2026 5.25% 248,000.00 248,000.00 249,837.68 CERTIFICATE OF DEPOSIT 68584JAG4 OREGON CMNTY CR C D

5.100% 7/28/26
07/28/2023 07/28/2026 5.10% 248,000.00 248,000.00 249,101.12 CERTIFICATE OF DEPOSIT 37424PAH7 GESA CR UN C D 5.250%
7/31/26
07/31/2023 07/31/2026 5.25% 248,000.00 248,000.00 249,840.16 CERTIFICATE OF DEPOSIT 67054NBL6 NUMERICA CR UN C D

5.200% 7/31/26
07/31/2023 07/31/2026 5.20% 248,000.00 248,000.00 249,594.64 CERTIFICATE OF DEPOSIT 32022RSC2 FIRST FINL BK C D 3.250% 8/03/26
08/01/2022 08/03/2026 3.25% 249,000.00 249,000.00 240,969.75 CERTIFICATE OF DEPOSIT 70962LAE2 PENTAGON C D 0.850%
9/01/26
09/01/2021 09/01/2026 0.85% 249,000.00 249,000.00 228,352.92 CERTIFICATE OF DEPOSIT 14042RQB0 CAPITAL ONE NATL C D

1.100% 11/17/26
11/17/2021 11/17/2026 1.10% 248,000.00 248,000.00 227,039.04 CERTIFICATE OF DEPOSIT 14042TDW4 CAPITAL ONE BANK C D

1.100% 11/17/26
11/17/2021 11/17/2026 1.10% 248,000.00 248,000.00 227,039.04 CERTIFICATE OF DEPOSIT 07371CE88 BEAL BK USA C D 1.900% 2/17/27
02/23/2022 02/17/2027 1.90% 247,000.00 247,000.00 229,001.11 CERTIFICATE OF DEPOSIT 02589ABQ4 AMERICAN EXPRESS C D

2.000% 3/09/27
03/09/2022 03/09/2027 2.00% 247,000.00 247,000.00 229,136.96 CERTIFICATE OF DEPOSIT 06740KPK7 BARCLAYS BK DEL C D

2.650% 4/13/27
04/13/2022 04/13/2027 2.65% 246,000.00 246,000.00 231,759.06 CERTIFICATE OF DEPOSIT 58404DPC9 MEDALLION BK C D 3.200% 5/24/27
05/24/2022 05/24/2027 3.20% 249,000.00 249,000.00 237,692.91 CERTIFICATE OF DEPOSIT 20825WAX8 CONNEXUS CR UN C D

3.100% 5/26/27
05/26/2022 05/26/2027 3.10% 249,000.00 249,000.00 237,023.10 CERTIFICATE OF DEPOSIT 90352RCN3 USALLIANCE FCU C D

3.300% 5/28/27
05/31/2022 05/28/2027 3.30% 249,000.00 249,000.00 238,352.76 CERTIFICATE OF DEPOSIT 50625LBN2 LAFAYETTE FED C D 3.250% 6/15/27
06/15/2022 06/15/2027 3.25% 249,000.00 249,000.00 237,822.39 CERTIFICATE OF DEPOSIT 88413QDL9 THIRD FED SVGS C D 3.500% 6/28/27
06/28/2022 06/28/2027 3.50% 245,000.00 245,000.00 235,670.40 CERTIFICATE OF DEPOSIT 254673L38 DISCOVER BK C D 3.400% 7/06/27
07/06/2022 07/06/2027 3.40% 245,000.00 245,000.00 234,910.90 CERTIFICATE OF DEPOSIT 32026UU20 FIRST FNDTN BK C D 4.600% 7/19/27
07/19/2023 07/19/2027 4.60% 244,000.00 244,000.00 242,101.68 CERTIFICATE OF DEPOSIT 307811EM7 FARMERS C D 3.200%
8/05/27
08/05/2022 08/05/2027 3.20% 249,000.00 249,000.00 237,145.11 CERTIFICATE OF DEPOSIT 08016PEH8 BELMONT BK TR C D

3.150% 8/24/27
08/24/2022 08/24/2027 3.15% 249,000.00 249,000.00 236,679.48

Page 19 of 518 ends

City of La Mesa
Schedule of Investments, June 30, 2024
CERTIFICATE OF DEPOSIT 19075JAB4 COBALT FED CR C D 3.600% 9/15/27
09/15/2022 09/15/2027 3.60% 249,000.00 249,000.00 239,899.05 CERTIFICATE OF DEPOSIT 052392BT3 AUSTIN TELCO C D 3.800% 9/21/27
09/21/2022 09/21/2027 3.80% 249,000.00 249,000.00 241,368.15 CERTIFICATE OF DEPOSIT 87164YT95 SYNCHRONY C D 4.600%
10/28/27
10/28/2022 10/28/2027 4.60% 244,000.00 244,000.00 242,379.84 CERTIFICATE OF DEPOSIT 25460FDW3 DIRECT FED CR C D 4.800% 11/08/27
11/07/2022 11/08/2027 4.80% 248,000.00 248,000.00 248,057.04 CERTIFICATE OF DEPOSIT 61690U5K2 MORGAN STANLEY C D

4.450% 5/03/28
05/03/2023 05/03/2028 4.45% 244,000.00 244,000.00 241,867.44 CERTIFICATE OF DEPOSIT 804767AB7 SAVANNAH BK C D 4.100% 5/03/28
05/03/2023 05/03/2028 4.10% 249,000.00 249,000.00 243,883.05 CERTIFICATE OF DEPOSIT 91527PBW6 UNIVEST NATL BK C D

4.100% 5/05/28
05/05/2023 05/05/2028 4.10% 249,000.00 249,000.00 243,888.03 CERTIFICATE OF DEPOSIT 92834ABT2 VISIONBANK ST C D 4.050% 5/12/28
05/12/2023 05/12/2028 4.05% 249,000.00 249,000.00 243,462.24 CERTIFICATE OF DEPOSIT 05765LBU0 BALBOA THRIFT C D 4.400% 7/19/28
07/19/2023 07/19/2028 4.40% 249,000.00 249,000.00 254,463.06 CERTIFICATE OF DEPOSIT 89854LAD5 TTCU FED CR UN C D 5.000% 7/26/28
07/26/2023 07/26/2028 5.00% 248,000.00 248,000.00 251,315.76 CERTIFICATE OF DEPOSIT 898812AC6 TUCSON FED CR C D 5.000% 9/08/28
09/08/2023 09/08/2028 5.00% 248,000.00 248,000.00 251,553.84 CERTIFICATE OF DEPOSIT 39573LEM6 GREENSTATE CR UN C D

5.000% 9/26/28
09/26/2023 09/26/2028 5.00% 248,000.00 248,000.00 251,655.52 Subtotal: 13,122,000.00 13,122,000.00 12,767,385.08
Type of Investment CUSIP Id Asset Short Name Issue Date Maturity Date Interest Rate Par Value Book Value Market Value CORPORATE BONDS 48133DN55 JPMORGAN MTN L P

4.050% 7/29/24
07/29/2022 07/29/2024 4.05% 500,000.00 500,000.00 497,270.00 CORPORATE BONDS 46632FRU1 JPMORGAN CHASE MTN

0.700% 1/22/26
01/22/2021 01/22/2026 0.70% 500,000.00 500,000.00 456,520.00 CORPORATE BONDS 037833EB2 APPLE INC 0.700%
2/08/26
02/08/2021 02/08/2026 0.70% 500,000.00 492,425.00 466,935.00 Subtotal: 1,500,000.00 1,492,425.00 1,420,725.00
Type of Investment CUSIP Id Asset Short Name Issue Date Maturity Date Interest Rate Par Value Book Value Market Value US AGENCIES 3130ASPM5 F H L B DEB 3.550%
10/28/24
07/29/2022 10/28/2024 3.55% 1,000,000.00 1,000,000.00 993,670.00 US AGENCIES 3130ASQP7 F H L B DEB 3.625%
1/28/25
07/28/2022 01/28/2025 3.63% 1,000,000.00 1,000,000.00 990,980.00 US AGENCIES 3130ASF61 F H L B DEB 3.450%
6/27/25
06/27/2022 06/27/2025 3.45% 1,000,000.00 1,000,000.00 981,740.00 US AGENCIES 3134GXZY3 F H L M C M T N 4.000%
6/30/25
06/30/2022 06/30/2025 4.00% 1,000,000.00 1,000,000.00 988,380.00 US AGENCIES 31422XB50 F A M C M T N 3.630%
7/28/25
07/28/2022 07/28/2025 3.63% 1,000,000.00 1,000,000.00 984,260.00 US AGENCIES 3134GXF66 F H L M C M T N 4.000%
8/01/25
08/01/2022 08/01/2025 4.00% 1,000,000.00 1,000,000.00 989,100.00 US AGENCIES 3136G4G98 F N M A 0.560%
8/12/25
08/12/2020 08/12/2025 0.56% 1,000,000.00 1,000,000.00 951,870.00 US AGENCIES 3136G4C43 F N M A 0.650%
8/14/25
08/14/2020 08/14/2025 0.65% 1,000,000.00 1,000,000.00 952,610.00 US AGENCIES 3130ALD76 F H L B DEB 0.700%
2/25/26
02/25/2021 02/25/2026 0.70% 1,000,000.00 1,000,000.00 931,820.00 US AGENCIES 3130ALGB4 F H L B DEB 0.800%
3/17/26
03/17/2021 03/17/2026 0.80% 1,000,000.00 1,000,000.00 932,810.00 US AGENCIES 3130ALMM3 F H L B DEB 1.000%
3/30/26
03/30/2021 03/30/2026 1.00% 1,000,000.00 1,000,000.00 934,900.00 US AGENCIES 3130AMDY5 F H L B DEB 1.000%
5/20/26
05/20/2021 05/20/2026 1.00% 1,000,000.00 1,000,000.00 930,920.00 US AGENCIES 3133EMH21 F F C B DEB 0.900%
6/15/26
06/12/2021 06/15/2026 0.90% 1,000,000.00 1,000,000.00 927,380.00 US AGENCIES 3130AMPT3 F H L B DEB 1.030%
6/23/26
06/23/2021 06/23/2026 1.03% 1,000,000.00 1,000,000.00 928,320.00 US AGENCIES 3130AMWX6 F H L B DEB 1.020%
6/30/26
06/30/2021 06/30/2026 1.02% 1,000,000.00 1,000,000.00 927,450.00 US AGENCIES 3130ANHW3 F H L B DEB 0.930%
8/25/26
07/29/2021 08/25/2026 0.93% 1,000,000.00 1,000,000.00 920,830.00 US AGENCIES 3130ANSB7 F H L B DEB 1.000%
9/17/26
09/17/2021 09/17/2026 1.00% 1,000,000.00 1,000,000.00 919,990.00 US AGENCIES 3130ANYR5 F H L B DEB 0.950%
9/30/26
09/30/2021 09/30/2026 0.95% 1,000,000.00 1,000,000.00 917,690.00

Page 20 of 518 ends

City of La Mesa
Schedule of Investments, June 30, 2024
US AGENCIES 3130AP6M2 F H L B DEB 1.020%
9/30/26
09/30/2021 09/30/2026 1.02% 1,000,000.00 1,000,000.00 919,170.00 US AGENCIES 3130APB87 F H L B DEB 1.100%
10/13/26
10/13/2021 10/13/2026 1.10% 1,000,000.00 1,000,000.00 918,970.00 US AGENCIES 3130AP6U4 F H L B DEB 1.000%
10/14/26
10/14/2021 10/14/2026 1.00% 1,000,000.00 1,000,000.00 916,730.00 US AGENCIES 3130APDQ5 F H L B DEB 1.250%
10/28/26
10/28/2021 10/28/2026 1.25% 1,000,000.00 1,000,000.00 921,800.00 US AGENCIES 3130APL78 F H L B DEB 1.375%
10/28/26
10/28/2021 10/28/2026 1.38% 1,000,000.00 1,000,000.00 924,490.00 US AGENCIES 3130APQA6 F H L B DEB 1.400%
11/24/26
11/24/2021 11/24/2026 1.40% 1,000,000.00 1,000,000.00 923,590.00 US AGENCIES 3130AQUD3 F H L B DEB 2.010%
2/25/27
02/25/2022 02/25/2027 2.01% 1,000,000.00 1,000,000.00 932,630.00 US AGENCIES 3130AQZ55 F H L B DEB 2.500%
3/10/27
03/10/2022 03/10/2027 2.50% 1,000,000.00 1,000,000.00 944,700.00 US AGENCIES 3130ARAH4 F H L B DEB 2.350%
3/29/27
03/04/2022 03/29/2027 2.35% 1,000,000.00 998,500.00 939,180.00 US AGENCIES 3130ARDY4 F H L B DEB 2.500%
3/29/27
03/29/2022 03/29/2027 2.50% 1,000,000.00 1,000,000.00 943,060.00 US AGENCIES 3130ARGE5 F H L B DEB 3.000%
4/21/27
04/21/2022 04/21/2027 3.00% 1,000,000.00 1,000,000.00 955,250.00 US AGENCIES 3130ARW56 F H L B DEB 3.650%
5/12/27
05/12/2022 05/12/2027 3.65% 1,000,000.00 1,000,000.00 972,130.00 US AGENCIES 3130ARYA3 F H L B DEB 4.000%
5/26/27
05/26/2022 05/26/2027 4.00% 1,000,000.00 1,000,000.00 982,540.00 US AGENCIES 3130AS7J2 F H L B DEB 3.200%
6/10/27
06/10/2022 06/10/2027 3.20% 1,000,000.00 1,000,000.00 960,990.00 US AGENCIES 3134GXZN7 F H L M C M T N 4.250%
7/12/27
07/12/2022 07/12/2027 4.25% 1,000,000.00 1,000,000.00 983,520.00 US AGENCIES 3130AWMJ6 F H L B DEB 5.750%
7/26/28
07/26/2023 07/26/2028 5.75% 750,000.00 750,000.00 749,287.50 US AGENCIES 3134H1VD2 F H L M C M T N 5.500%
2/26/29
03/01/2024 02/26/2029 5.50% 1,000,000.00 1,000,000.00 998,150.00 US AGENCIES 3130B06C8 F H L B DEB 5.400%
2/28/29
02/28/2024 02/28/2029 5.40% 1,000,000.00 1,000,000.00 996,260.00 US AGENCIES 3134H1VT7 F H L M C M T N 5.250%
3/05/29
03/05/2024 03/05/2029 5.25% 1,000,000.00 1,000,000.00 996,150.00 US AGENCIES 3134H1Z22 F H L M C M T N 5.500%
3/12/29
06/12/2024 03/12/2029 5.50% 500,000.00 500,000.00 499,920.00 Subtotal: 37,250,000.00 37,248,500.00 35,483,237.50
Type of Investment CUSIP Id Asset Short Name Issue Date Maturity Date Interest Rate Par Value Book Value Market Value Demand 98-37-421 LAIF State of California 4.55% 45,049,807.94 45,049,807.94 44,883,846.34 Grand Total: 96,921,807.94 96,912,732.94 94,555,193.92

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2.000% 7/15/24
07/15/2019 07/15/2024 2.00% 249,000.00 249,000.00 248,609.07 CERTIFICATE OF DEPOSIT 43719LAB1 HOME LN INVT BK C D

1.050% 4/30/25
04/30/2020 04/30/2025 1.05% 248,000.00 248,000.00 239,515.92 CERTIFICATE OF DEPOSIT 06063HMS9 BANK BARODA NEW C D

5.250% 7/28/26
07/28/2023 07/28/2026 5.25% 248,000.00 248,000.00 249,837.68 CERTIFICATE OF DEPOSIT 68584JAG4 OREGON CMNTY CR C D

1.100% 11/17/26
11/17/2021 11/17/2026 1.10% 248,000.00 248,000.00 227,039.04 CERTIFICATE OF DEPOSIT 14042TDW4 CAPITAL ONE BANK C D

2.000% 3/09/27
03/09/2022 03/09/2027 2.00% 247,000.00 247,000.00 229,136.96 CERTIFICATE OF DEPOSIT 06740KPK7 BARCLAYS BK DEL C D

3.100% 5/26/27
05/26/2022 05/26/2027 3.10% 249,000.00 249,000.00 237,023.10 CERTIFICATE OF DEPOSIT 90352RCN3 USALLIANCE FCU C D

3.150% 8/24/27
08/24/2022 08/24/2027 3.15% 249,000.00 249,000.00 236,679.48

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4.050% 7/29/24
07/29/2022 07/29/2024 4.05% 500,000.00 500,000.00 497,270.00 CORPORATE BONDS 46632FRU1 JPMORGAN CHASE MTN

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DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Ray Sweeney, Chief of Police
VIA: Greg Humora, City Manager
SUBJECT: POLICE CHIEF’S QUARTERLY OPERATIONS REPORT
Please see the attached report.

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Quarterly Report
2nd Quarter 2024
Ray Sweeney, Chief of Police
Prepared by Crime Analysis

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1 Crime Trends and Statistics
The 2nd quarter of 2024 concluded with 20.1 crimes per thousand residents, a decrease of the previous 2nd quarter of 2023, at 22.1. During this period violent crime increased

0.9% and property crime decreased 9.4%.

FBI Part 1 Crimes, 2nd Quarter Year to Date
Historical Violent Crime Comparison, 2nd Quarter Year to Date We had one reported homicide during the second quarter, while incidents of robbery decreased. Four of the five rapes reported in the 2nd Quarter of 2024 were committed by an individual known to the victim. Fifty (50) percent of aggravated assaults were domestic violence related during the 2nd quarter of 2024.
0 100
200
300
400
500
600
700
Violent Crime Property Crime FBI Total Index
2023
2024
0 10
20 30
40 50
60 70
80 90
Homicide Rape Robbery Aggravated
Assault
2020
2021
2022
2023
2024

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2 Case Clearances
On 06/14/2024, during a special operation detail, La Mesa officers contacted a male suspect who was known to have a felony warrant and was staying at the Heritage Inn with a female at 7851 Fletcher Parkway, La Mesa. During a search of their hotel room, officers discovered a US currency counterfeit operation. The Secret Service and San Diego Fraud Task Force responded to the scene. The male and female subjects were fraudulently washing 1-dollar bills and printing them as 100-dollar bills. Additionally, inside of their vehicle were hundreds of US Treasury Bonds likely related to a Commercial Burglary from out of county. Approximately 32 grams of methamphetamine were also located inside of the room. Both suspects were booked into jail on multiple charges related to counterfeiting and possession of methamphetamine.

Historical Property Crime Comparison, 2nd Quarter Year to Date Compared to the previous year, residential burglary decreased 43.2%, commercial burglary decreased 20.4%, theft decreased 7.1%, and auto theft increased 4.7%.

Case Clearances
On 04/20/24, the tenant storage room at the Array Apartments located at 4949 Baltimore Drive, La Mesa, was burglarized. Three subjects were identified. The subjects were using a stolen U-Haul truck, which they had painted and placed a fictitious business name on.

The suspects burglarized numerous apartment complexes throughout San Diego County.

The three subjects stole thousands of dollars in property, vehicles, and numerous firearms.

With the help of the US Marshal’s Service and La Mesa Police Detectives, two of the three suspects were taken into custody. One high powered rifle was recovered along with over 100 stolen property items recovered. Much of that stolen property was returned to the rightful owners. One of the suspects has plead guilty and another is awaiting trial in San Diego Superior Court. The third suspect has a felony warrant pending for his arrest.

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3 On 04/23/24, the First Church of Christian Science located at 8262 Allison Avenue, La Mesa, was burglarized and vandalized. The suspect vandalized the pipe organ by smashing and destroying approximately half of the external and internal pipes. The subject also kicked in an office door, destroying and ransacked several rooms inside the church.

A witness entered the church and found the subject inside. La Mesa Police Officers responded and began searching the church. Officers received a radio call of a subject who matched the description of subject from the burglary walking on rooftops nearby in the 8300 block of La Mesa boulevard. Officer located and detained the subject on the rooftop.

The witness positively identified the subject as the suspect inside of the church. Subject was arrested and booked into San Diego Central Jail.

Supervised Persons in the City
Registered Sex Offenders
There are currently one hundred and four (104) active sex registrants in the city, seven (7) of whom are transient individuals. Throughout the year, patrol officers conduct compliance checks on the registrants living in La Mesa. Four (4) registrants were out of compliance during the 2nd Quarter of 2024, meaning they have not completed their annual or monthly check-in and residency verification as required.

Traffic Unit
Traffic Collisions
2024
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr YTD
Total Traffic Collisions 74 79 74
Collisions Involving Injury 38 47 38
Total Vehicle Occupants Reporting Injury 50 65 50
Occupants Reporting Serious Injury 1 2 1
Fatality 0 1 0
Top Three Collision Locations

1. Baltimore and El Cajon Boulevard

2. Fletcher and Grossmont Center Drive

3. Baltimore and Fletcher Parkway

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4 Traffic Enforcement Operations 2nd Quarter
Date Enforcement Operations Focus Location Total
Officers
4/5/2024 Distracted Driving Cell Phones Citywide 3
4/10/2025 Distracted Driving Cell Phones Citywide 3
4/20/2024 DUI Enforcement DUI Citywide 4
6/27/2024 Know Your Limits DUI education Downtown
Village 2
School Resource Officers
The School Resource Officer (SRO) met with school staff as requested regarding numerous issues on campuses throughout the City.

The SRO responded to approximately (65) calls for service involving a school. The SRO took (12) new cases, (2) of which resulted in a detention as per 5150 W&I.

The SRO submitted (3) cases to the District Attorney’s Office, and closed (7) cases.

The SRO completed the following additional tasks/trainings:
• Attended School Threat Assessments when requested by school staff • Participated in Kidz Watch Academy
• Assisted CHP with planning and coordination of Every 15 Minutes Program at Helix Charter High School (05/01/24 and 05/02/24)
• Awarded 10851 Pin (Recovered Stolen Vehicle Award)
• Spoke to 3rd and 4th grade students at Maryland Avenue Elementary regarding consequences of throwing rocks after numerous incidents resulting in injury or damage to staff vehicles
• Attended Helix Job Fair (06/10/24)
• Assisted Chief Sweeney with collecting nominations and presentation of School Safety Patrol Awards at City Council Meeting (05/28/24) • Met with students of the School Safety Patrol program at Lemon Avenue Elementary and reinforced expectations and commitment
• Assisted with coordination of safety for Helix Charter High School Graduation Ceremony (06/06/24) (Received commendation)
• Team Lead in Youth Leadership Camp (06/10/2024-06/13/24) • Completed safety walk through with JCS-Manzanita Charter School providing insight for security against active shooter incident (06/27/24) • Coordinated with Northmont Elementary School and will provide safety patrol vests and helmets for student use
• Passed out 7-Eleven slurpy coupons to students displaying good behavior throughout the community as observed

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5 Community Engagement and Information Sharing
Social Media
During the 2nd quarter, the Social Media Team shared information with the public related to upcoming community outreach events, case highlights and crime prevention tips.

Events and Presentations
On April 27th, the Department participated in the National Prescription Drug Take Back Day.

On April 20th, La Mesa Police Department participated in the City’s Earth Day event at MacArthur Park in La Mesa. Officers and Community Service officers had an opportunity to engage with the public during fun family community event.

On May 15th, the La Mesa Police Department hosted Coffee with a Cop at Grossmont Hospital to meet with emergency room staff.

The Department looks forward to these quarterly gatherings with the community to address concerns and engage in dialogue.

On May 28th, La Mesa Police Department staff, alongside other San Diego County law enforcement agencies, was
honored to participate in the Law Enforcement Torch Run in support of Special Olympics. The annual Torch Run is the largest public awareness vehicle and grassroots fundraiser for Special Olympics, with more than 1,200 officers
participating in Southern California- championing acceptance and inclusion
During second week of June, the Department held the 2024 Social Media Platform Followers
Nextdoor 25,232 La Mesa Residents
Facebook 8,137
X (formerly Twitter) 5,847
Instagram 3,855
Crime Prevention and Outreach Services
Neighborhood Watch Meetings 4
Community Presentations 4
Residential Security Inspections 1
Commercial Security Inspection 0

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6 La Mesa PD Youth Leadership Camp. This camp is designed to teach high school students the foundational elements of leadership, teamwork, ethics, mindfulness, and selfawareness. This program gives high school students and officers a unique opportunity to engage in motivational discussions.

New Officers
Police Recruit Yajaira Reyes is progressing through the academy.

Police Academy Graduates
Police Officer Chris Hutson graduated from the 137th Regional Police Academy on June 3rd, 2024.

Hiring Updates
Police Trainees Brandon Villaverde and Austin Vuong were hired during the 2nd Quarter of 2024 and started the 139th Regional Academy on June 17th, 2024.

Vacancies
The Department currently has five vacancies for police officer, one vacancy for police dispatcher and one vacancy for community service officer. Applications are being accepted for the following positions: Police Officer Lateral/Academy Graduate, Police Officer Trainee, Police Dispatcher and Community Service Officer. Please visit the City of La Mesa’s website for more information or to apply.

Promotions
Erin Jones was promoted to Police Services Manager during the 2nd quarter.

Position Authorized Filled Vacancies
Sworn Officers 70 65 5
Dispatchers
12 11 1
Community Service Officers 5 4 1

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7 Officer Training
During the 2nd quarter, all sworn personnel completed P.O.S.T Perishable Skills Program (PSP) training in the areas of: Use of Force and Arrest and Control. Sworn Personnel also completed their quarterly Firearms and Less Lethal Qualifications.

Home Team Success Story
HOME success story this quarter involves a 65-year-old woman that had been living on the street since 2016. This woman lived in various encampments around the City of La Mesa. She became connected to the HOME Team on 09/25/2023. The HOME Team and this person completed an enrollment, CES entry, and immediately began working on eliminating various barriers to housing. The HOME Team assisted this person with obtaining a California ID and Social Security Card. After being in the Coordinated Entry System for 144 days, the client was offered a Rapid Rehousing (RRH) match which was quickly accepted. After accepting their RRH match, the Home Team worked with this client to get connected to ongoing physical and mental healthcare through the Father Joe’s Street Medicine clinic. Getting connected to this clinic allowed the client to receive an Emotional Support Animal letter which was necessary for this client’s rental unit. This client applied to and was accepted to a Single Room Occupancy (SRO) in downtown San Diego. The medical clinic that this client was connected to was within walking distance from their SRO which allowed for continued support throughout the clients stay at their SRO. The client was exited from the HOME Program and connected to support through Father Joe’s Street Medicine Clinic and Salvation Army Door of Hope on 7/9/2024.

Department Demographics
Race/Ethnicity Total Officers Percent of Officers
Asian 2 3.0%
Black or African American 4 6.0%
Hispanic or Latino 16 24.3%
White 44 66.7%
Grand Total 66 100.0%

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8 Department Wellness
The Department remains committed to the wellness of our staff and we offer a variety of resources to our police officers and professional staff. Our Peer Support Team responded to several call-outs during the past quarter to support staff who were impacted by critical incidents. Our Facility Dog, Declan, has also been called upon to provide his unconditional love and support to those team members impacted by trauma, stress, and the oftenchallenging realities of first responder work. The La Mesa Police Department contracts with a local mental health clinician who is culturally competent in assisting first responders with processing life and work trauma. This clinician is an invaluable asset and helps us protect our people so they can continue to protect you.

Racial and Identity Profiling Act (RIPA) Reporting
The Racial and Identity Profiling Act of 2015 prohibits racial and identity profiling by law enforcement, and requires all agencies to annually report vehicle and pedestrian stop information, as well as citizen complaints of profiling, to the California Attorney General’s Office. The La Mesa Police Department began collecting stop information in 2022 in compliance with the legislation. Data for 2022 was reported to the Department of Justice at the beginning of the 2nd Quarter of 2023 and data for 2023 will be reported to DOJ during the 2nd Quarter of 2024. The latest report from the California RIPA Board can be found on the California Attorney General’s website by following the link:
https://oag.ca.gov/ab953/board/reports
California Incident Based Reporting
Historically, the La Mesa Police Department has reported crime statistics using the Uniform Crime Reporting (UCR) Summary Statistics program with the FBI. California and the nation have now transitioned to new standardized reporting systems: the California Incident Based Reporting System (CIBRS) and the National Incident Based Reporting System (NIBRS). These new systems allow for the robust reporting of fifty-two offense types, an increase from 8 offense types under UCR. Reported data includes case detail information to more accurately analyze crime trends state-wide and nationally.

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La Mesa Police Department
Quarterly Crime Statistics - 2nd Quarter 2024
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Homicide 0 0 2 0 0 1 1 0 N/C
Cleared 0 0 2 0 0 0 0 0 N/C
Rape 3 3 9 6 4 5 9 6 50.0%
Cleared 1 0 0 0 0 0 0 1 -100.0%
Robbery 18 10 12 24 9 13 22 28 -21.4%
Cleared 10 7 7 11 4 6 10 17 -41.2%
Aggravated Assault 36 45 39 36 34 50 84 81 3.7%
Cleared 21 24 18 23 21 33 54 45 20.0%
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Residential 22 22 20 25 17 8 25 44 -43.2%
Commercial 22 27 16 13 23 16 39 49 -20.4%
Burglary Total 44 49 36 38 40 24 64 93 -31.2%
Cleared 7 17 14 7 6 10 16 24 -33.3%
Car Prowl (Included in Theft) 47 48 36 52 34 26 60 95 -36.8% Theft > $400 79 98 68 73 92 73 165 177 -6.8%
Theft $400 or less 107 82 56 65 102 73 175 189 -7.4%
Theft Total 186 180 124 138 194 146 340 366 -7.1%
Cleared 42 25 16 9 26 26 52 67 -22.4%
Auto Theft 46 39 57 45 52 37 89 85 4.7%
Cleared 2 1 0 5 1 0 1 3 -66.7%
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Total Violent 57 58 62 66 47 69 116 115 0.9%
Cleared* 56.1% 53.4% 43.5% 51.5% 53.2% 56.5% 55.2% 54.8% 0.7% Total Property 276 268 217 221 286 207 493 544 -9.4%
Cleared* 18.5% 16.0% 13.8% 9.5% 11.5% 17.4% 14.0% 17.3% -19.0% FBI Index 333 326 279 287 333 276 609 659 -7.6%
Cleared* 24.9% 22.7% 20.4% 19.2% 17.4% 27.2% 21.8% 23.8% -8.3% Violent Rate per 1000 Pop. 3.8/K 3.9/K
Property Rate per 1000 Pop. 16.3/K 18.3/K
Index Rate per 1000 Pop. 20.1/K 22.1/K
2023
Violent Crime
Property Crime
Totals
2023
2023
2024
2024
2024
Prepared by LMPD Crime Analysis, 08/05/2024
*Percentage change by number of crimes cleared.

N/A = Not Applicable

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La Mesa Police Department
Robbery and Theft - 2nd Quarter 2024
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Street/Highway 6 5 3 4 2 6 8 11 -27.3%
Commercial 9 4 6 11 4 5 9 13 -30.8%
Gas or Service Station 0 0 0 0 0 0 0 0 N/C
Chain Store 1 0 1 6 2 2 4 1 300.0%
Residential 1 1 1 -1 0 0 0 2 -100.0%
Bank 0 0 0 0 0 0 0 0 N/C
Miscellaneous 1 0 1 4 1 0 1 1 0.0%
Robbery Total 18 10 12 24 9 13 22 28 -21.4%
Cleared 10 7 7 11 4 6 10 17 -41.2%
YTD Clearance Rate 45%
2024 2023 YTD
1st Qtr done 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Pocket-Picking 0 0 0 0 0 2 2 0 N/C
Purse Snatching 0 0 1 0 1 2 3 0 N/C
Shoplifting 47 34 23 24 59 36 95 81 17.3%
From Motor Vehicles 66 72 44 60 55 46 101 138 -26.8%
Motor Vehicle Parts & Acc. 29 29 17 25 38 19 57 58 -1.7% Bicycles 5 9 4 5 5 8 13 14 -7.1%
From Buildings 29 24 20 19 24 27 51 53 -3.8%
From Coin Operated Mach. 0 0 0 0 1 0 1 0 N/C
All Others 10 12 15 5 11 6 17 22 -22.7%
Theft Total 186 180 124 138 194 146 340 366 -7.1%
Cleared 42 25 16 9 26 26 52 67 -22.4%
YTD Clearance Rate 15%
2023
Robbery
Theft
2023 2024
2024
Prepared by LMPD Crime Analysis, 08/05/2024 N/A = Not Applicable

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La Mesa Police Department
Patrol Statistics - 2nd Quarter 2024
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Primary 4405 4986 5227 4682 4818 4715 9533 9391 1.5%
Officer Initiated 2128 2040 2410 1894 2927 1892 4819 4168 15.6% Reports Taken 1361 1260 1343 1222 1376 1290 2666 2621 1.7% Arrests Made 380 404 341 323 349 395 744 784 -5.1%
5150 Detentions 89 83 106 78 112 94 206 172 19.8%
Citations 398 492 707 347 473 434 907 890 1.9%
Parking/ Muni Code Citations 119 138 134 115 113 117 230 257 -10.5% Field Interviews 228 225 143 127 140 142 282 453 -37.7% 2023 2024
Prepared by LMPD Crime Analysis, 08/05/2024 N/A = Not Applicable

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La Mesa Police Department
Additional Detailed Statistics - 2nd Quarter 2024
Robbery Location Type 2024 Cleared % Solved
Street/Highway 8 1 12.5%
Commercial 9 8 88.9%
Gas or Service Station 0 0 N/C
Chain Store 4 1 25.0%
Residential 0 0 N/C
Bank 0 0 N/C
Miscellaneous 1 0 0.0%
Total 22 10 45.5%
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Ghost Gun(s) Recovered Incident 0 1 0 1 0 4 4 1 300.0%
Fentanyl Related Incident 3 1 2 5 4 7 11 4 175.0%
Naloxone Used Incident 5 0 2 3 5 3 8 5 60.0%
Reported Hate Crimes 0 0 0 0 0 0 0 0 N/C
A single incident may reflected in each appliable category, dependent on incident circumstances. 2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Race 0 0 0 0 0 0 0 0 N/C
Religion 0 0 0 0 0 0 0 0 N/C
Sexual Orientation 0 0 0 0 0 0 0 0 N/C
Gender 0 0 0 0 0 0 0 0 N/C
Citizenship 0 0 0 0 0 0 0 0 N/C
None/Unknown Bias 0 0 0 0 0 0 0 0 N/C
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change Communications 0 0 0 0 0 0 0 0 N/C
Violence 0 0 0 0 0 0 0 0 N/C
Vandalism 0 0 0 0 0 0 0 0 N/C
Other 0 0 0 0 0 0 0 0 N/C
Unknown 0 0 0 0 0 0 0 0 N/C
N/C: Not Calculable
There are 37 reportable bias motivations and 14 reportable offensive acts. To facilitate a more readable data table, only the bias motivations and offensive acts for reported hate crimes will be broken down under each category.

Robbery Clearances
Year to Date Totals
2023
2024
Details of Hate Crimes Reported to Law Enforcment
Incidents of Special Study and County Interest
2024
Crimes by Bias Motivation 2023
Crimes by Offensive Act 2023 2024
Each reported hate crime is listed twice, once under the relevant bias motivation and again under the category of offensive act.

Data are only available for incidents reported to the La Mesa Police Department.

Prepared by LMPD Crime Analysis, 08/05/2024
N/A = Not Applicable

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La Mesa Police Department
Communications - 2nd Quarter 2024
2024 2023 YTD
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr YTD YTD % Change 9-1-1 6899 7338 7038 6970 6656 6924 13580 14237 -4.6%
9-1-1 Answer Time 1 99% 99% 99% 99% 98% 98% 98% 99% -1.0% Total Calls to the Department 24996 25143 29341 27304 25090 27256 52346 50139 4.4% Total Calls For Service 2 14319 14548 14935 13604 15369 15225 30594 28867 6.0% Source:
9-1-1 6251 6476 6379 6242 6074 6300 12374 12727 -2.8%
Text 9-1-1 3 18 16 28 9 32 11 43 34 26.5%
Non-Emergency 5202 5367 5438 4819 4870 5370 10240 10569 -3.1% Officer Initiated 2627 2458 2826 2271 2928 2270 5198 5085 2.2% Walk Ins 238 231 264 263 255 262 517 469 10.2%
HOME 4 435 384 447 391 443 473 916 819 11.8%
4 The Homeless Outreach and Mobile Engagement (HOME) is an initiative of the City of La Mesa, in collaboration with the La Mesa Police Department. LMPD Dispatchers route the HOME team (City outreach workers) as primary responders to non-emergency calls for service that do not require a police presence.
2023 2024
2 Calls for Service include all calls that generate agency response and officer initiated contact including, assisting citizens, traffic stops, pedestrian stops, front counter contacts, extra patrol, etc. 3 Capacity to accept texts via 9-1-1 began January 2021. 1 9-1-1 Answer Time indicates the average percentage of 9-1-1 calls answered by the State Ringtime Standard. Beginning 03/01/23, the State Ringtime Standard is 90% within 15 seconds, and 95% within 20 seconds.

Prepared by LMPD Crime Analysis, 08/05/2024 N/A = Not Available

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DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Megan Wiegelman, CMC, City Clerk
VIA: Greg Humora, City Manager
SUBJECT: INTERVIEW OF APPLICANT FOR A VACANCY ON THE MOBILITY

COMMISSION
Two at-large seats on the Mobility Commission are currently vacant. Attached is an application from a citizen who wishes to be considered for appointment to fill one of the vacant seats. The applicant has been invited to attend the meeting and make a brief three-minute presentation describing their qualifications and interest in serving on the Commission.

The applicant will be called forward for their interview by the City Clerk. After their presentation you may ask questions of the applicant, if you wish.

The appointment will be made at the City Council meeting on September 10th.

Attachment

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ATTACHMENT A
Mobility Commission: 1 position – four-year terms
Members must be resident electors of the City of La Mesa and are subject to the Conflict of Interest Code.

First Appointed Terms
Alex Mueller – incumbent 07/28/2020 1

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THE APPLICATION IS AVAILABLE FOR REVIEW IN THE CITY CLERK’S OFFICE

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DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Megan Wiegelman, CMC, City Clerk
VIA: Greg Humora, City Manager
SUBJECT: RESOLUTION APPOINTING MEMBERS TO THE CITY’S COMMUNITY

POLICE OVERSIGHT BOARD
On July 9th, the City Council interviewed applicants who were interested in being appointed to the City’s Community Police Oversight Board. At the Council meeting on August 13th, the Mayor will make the appointments to the City’s Community Police Oversight Board with the approval of the City Council.

The Community Police Oversight Board (“CPOB”) has two Board Member seats open for appointment. The openings are for the following seats:
 Police Beat 3 representative; and
 Police Beat 4 representative.

The applications from the citizens who wish to be considered for appointment to the CPOB are on file in the office of the City Clerk. Attached is a matrix outlining the categories each applicant is eligible to fill.

Staff recommends the Mayor appoint members to fill the openings on the City’s Community Police Oversight Board, with the approval of the Council, and adopt the attached resolution confirming the appointments.

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RESOLUTION NO. 2024-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA MESA APPOINTING MEMBERS TO THE CITY’S COMMUNITY POLICE OVERSIGHT BOARD
WHEREAS, terms on the City of La Mesa Community Police Oversight Board have expired; and
WHEREAS, the list of persons below has been recommended to the City Council for appointment to said City of La Mesa Board.

NOW, THEREFORE, BE IT AND IT IS HEREBY RESOLVED by the City Council of the City of La Mesa, California, that the following are hereby appointed as members of the City of La Mesa Community Police Oversight Board, with their terms to commence after the oath or affirmation of allegiance for public officers or employees is executed as required by Article XX, Section 3 of the Constitution of the State of California, and to expire on the dates stated below, or until their successors are appointed and qualified:

Community Police Oversight Board: 1 appointment
(Name) is appointed as the Police Beat 4 representative for term ending December 31, 2025.

PASSED AND ADOPTED at a Regular meeting of the City Council of the City of La Mesa, California, held the 13th day of August 2024, by the following vote, to wit:

AYES:

NOES:

ABSENT:

CERTIFICATE OF CITY CLERK
I, MEGAN WIEGELMAN, City Clerk of the City of La Mesa, California, do hereby certify the foregoing to be a true and exact copy of Resolution No. 2024- , duly passed and adopted by the City Council of said City on the date and by the vote therein recited.

MEGAN WIEGELMAN, CMC, City Clerk
(SEAL OF CITY)

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ATTACHMENT A
Community Police Oversight Board: 2 positions –two-year terms One position will fill the vacancy for the Police Beat 3 representative (PB3) with term expiring December 31, 2025.

One position will fill the vacancy for the Police Beat 4 representative (PB4) with term expiring December 31, 2025.

The Commission shall consist of eleven members as follows: one representative from each of the four police beat areas of the City; one representative of a La Mesa faithbased community; one representative of the La Mesa business community; one adult employee or designee of Helix Charter High School; one adult employee or designee of the La Mesa-Spring Valley School District; one young adult between the ages of 18 to 30; one advocate for people experiencing homelessness, substance abuse, mental health or other social issues; and one senior aged 62 or older. All voting members of the CPOB shall be residents of the City of La Mesa
First Appointed Number of Terms
Denise Carlson (PB4)
Andy Trimlett (PB4)

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APPLICATIONS ARE AVAILABLE FOR REVIEW IN THE CITY CLERK’S OFFICE

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1 La Mesa City Council
Minutes of a Regular Meeting
Date:

Location:

July 9, 2024, 6:00 pm
City Council Chambers, 8130 Allison Avenue
La Mesa, California

Present: Mayor Mark Arapostathis
Vice Mayor Laura Lothian
Councilmember Patricia N. Dillard
Councilmember Colin Parent
Councilmember Jack Shu
Staff: City Manager Greg Humora
Assistant City Manager Amanda Lee
City Attorney Glenn Sabine
City Clerk Megan Wiegelman
_____________________________________________________________________

1. CALL TO ORDER
The City Council minutes are prepared and ordered to correspond to the City Council Agenda. Agenda Items can be taken out of order during the meeting.

The Agenda Items were considered in the order presented.

Mayor Arapostathis called the meeting to order at 6:00 p.m.

1.1 INVOCATION - COUNCILMEMBER DILLARD

1.2 PLEDGE OF ALLEGIANCE

2. CITY MANAGER COMMENTS
City Manager Humora thanked the residents who completed the priorities survey and shared their thoughts, opinions, and priorities, which would help shape the City's plans for the future.

3. COMMUNITY BULLETIN REPORTS

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2 The Mayor, Council and staff made announcements and reported on various events taking place in the City. No action was taken.

4. ADDITIONS AND/OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.

5. PRESENTATION

5.1 PROCLAIMING JULY 2024 AS PARKS AND RECREATION MONTH Mayor Arapostathis read the proclamation proclaiming July 2024 as Parks and Recreation Month.

6. PUBLIC COMMENTS – (TOTAL TIME – 15 MINUTES)
Ruth Weiss spoke on elections.

Ann Matchinske spoke on elections.

Susan Kennedy spoke on elections.

Leza Hutchinson spoke on elections.

Skip Hammann spoke on elections.

Truth spoke on First Amendment rights and remote public comment.

Brenda Hammond spoke on concerts in the park.

Mairs Ryan submitted a comment regarding remote public comment.

7. CONFLICT DISCLOSURES
There were no conflict of interest disclosures.

8. BOARD AND COMMISSION INTERVIEWS

8.1 ANNUAL INTERVIEW OF APPLICANTS FOR OPENINGS ON THE
CITY’S BOARDS AND COMMISSIONS AND INTERVIEW OF

APPLICANTS FOR A VACANCY ON THE COMMUNITY POLICE

OVERSIGHT BOARD
City Clerk Wiegelman briefly explained the interview process. City Clerk Wiegelman stated that Helen Weinstein and Denise Carlson were not able to attend the City Council meeting due to prior commitments and provided written statements expressing their interests in being considered for appointment to a Commission or Board.

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3 The following applicants spoke regarding their qualifications and interest in being appointed or reappointed:

Todd Pitman
Melissa Weiss Walter
Andy Trimlett
Alan R. Gann
Michael Gross
Robert Duff
Parker Ross
Truth spoke on the various applicants.

Following the interviews, no action was taken.

9. PUBLIC COMMENTS ON CONSENT CALENDAR
Truth spoke on Items 10.1, 10.2, 10.3, 10.4, 10.5, and 10.6.

10. CONSENT CALENDAR
(Items 10.1 through 10.6)
Moved By Mayor Arapostathis
Seconded By Councilmember Shu
Approve Consent Calendar Items 10.1 through 10.6.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

10.1 APPROVAL OF MOTION TO WAIVE THE READING OF THE TEXT OF

ALL ORDINANCES AND RESOLUTIONS AT THIS MEETING
Approve.

10.2 APPROVAL OF THE MINUTES FOR THE CITY COUNCIL SPECIAL MEETINGS HELD TUESDAY, MAY 28, AND TUESDAY, JUNE 11, 2024 Approve.

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4 10.3 APPROVAL OF THE MINUTES FOR THE CITY COUNCIL REGULAR MEETINGS HELD TUESDAY, MAY 28, AND TUESDAY, JUNE 25, 2024 Approve.

10.4 APPROVAL OF THE CITY COUNCIL REGULAR MEETING, LA MESA

PUBLIC FINANCING AUTHORITY SPECIAL MEETING, AND CITY OF

LA MESA SUCCESSOR AGENCY SPECIAL MEETING HELD
TUESDAY, JUNE 11, 2024
Approve.

10.5 ADOPTION OF RESOLUTIONS PERTAINING TO THE GENERAL
MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 5, 2024
Adopt Resolutions.
a. RESOLUTION CALLING FOR THE HOLDING OF A GENERAL

MUNICIPAL ELECTION TO BE HELD ON TUESDAY,
NOVEMBER 5, 2024, FOR THE ELECTION OF CERTAIN

OFFICERS AS REQUIRED BY THE PROVISIONS OF THE LAWS

OF THE STATE OF CALIFORNIA RELATING TO GENERAL

LAW CITIES
Resolution No. 2024-080
Adopt Resolution.
b. RESOLUTION REQUESTING THE BOARD OF SUPERVISORS

OF THE COUNTY OF SAN DIEGO TO CONSOLIDATE A

GENERAL MUNICIPAL ELECTION TO BE HELD ON
NOVEMBER 5, 2024, WITH THE STATEWIDE GENERAL
ELECTION TO BE HELD ON THE DATE PURSUANT TO § 10403

OF THE ELECTIONS CODE
Resolution No. 2024-081
Adopt Resolution.
c. RESOLUTION ADOPTING REGULATIONS FOR CANDIDATES

FOR ELECTIVE OFFICE PERTAINING TO CANDIDATES'

STATEMENTS SUBMITTED TO THE VOTERS AT AN ELECTION
TO BE HELD ON TUESDAY, NOVEMBER 5, 2024
Resolution No. 2024-082
Adopt Resolution.

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5 10.6 RATIFICATION OF DESIGN REVIEW FOR PROJECT 2024-0197 (CCRT

PROPERTIES)

A PROPOSED TWO-STORY FINANCIAL INSTITUTION BUILDING OF
7,552 SQUARE FEET AT 8301 FLETCHER PARKWAY, APN 490-200- 49-00 IN THE C-G-D (GENERAL COMMERCIAL/GROSSMONT

OVERLAY/URBAN DESIGN OVERLAY) ZONE
Approve.

11. STAFF REPORT

11.1 CONSIDERATION OF PLACING A MEASURE ON THE NOVEMBER 5, 2024 BALLOT TO ASK THE VOTERS OF THE CITY OF LA MESA IF THEY WISH TO EXTEND THE ¾ CENT LOCAL SALES TAX IN LA
MESA (KNOWN AS PROPOSITION L) FOR AN ADDITIONAL 20-
YEARS
City Council Extension of Prop L Ad Hoc Subcommittee
Mayor Arapostathis and City Manager Humora provided background on the approval of Proposition L by the City of La Mesa voters in 2008. City Manager Humora reviewed the consequences of losing the funding from Proposition L, the General Fund forecast with and without Proposition L funds, and the dual structural financial challenges for the City (low property tax rates and high percentage of pre-Proposition 13 homes). City Manager Humora summarized the justifications for renewing Proposition L and the outreach efforts conducted by the City.

Council questions and comments ensued.

Truth spoke in opposition of placing a measure on the November 5, 2024, ballot to ask the voters of the City of La Mesa if they wish to renew Proposition L for an additional 20-years.

The following members of the public spoke or submitted a comment in support of placing a measure on the November 5, 2024, ballot to ask the voters of the City of La Mesa if they wish to renew Proposition L for an additional 20-years:

William Wilson, La Mesa Police Officers' Association President Aaron Landau
Mairs Ryan

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6 Christopher Glenn submitted a comment regarding the concerns the Proposition L extension report does and does not address.

Council questions and comments continued.
a. RESOLUTION ORDERING THE SUBMISSION TO THE

QUALIFIED VOTERS OF THE CITY OF A CERTAIN MEASURE

RELATING TO THE EXTENSION OF THE TRANSACTIONS AND

USE TAX (PROPOSITION L) AT THE GENERAL ELECTION TO
BE HELD ON TUESDAY, NOVEMBER 5, 2024
Resolution No. 2024-083
Moved By Mayor Arapostathis
Seconded By Councilmember Parent
Adopt Resolution.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)
b. RESOLUTION PROVIDING FOR THE FILING OF REBUTTAL

ARGUMENTS FOR CITY MEASURES SUBMITTED AT

MUNICIPAL ELECTIONS
Resolution No. 2024-084
Moved By Mayor Arapostathis
Seconded By Councilmember Dillard
Adopt Resolution.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)
c. RESOLUTION SETTING PRIORITIES FOR FILING WRITTEN

ARUMENTS REGARDING A CITY MEASURE AND DIRECTING

THE CITY ATTORNEY TO PREPARE AN IMPARTIAL ANALYSIS
Resolution No. 2024-085
Moved By Mayor Arapostathis
Seconded By Councilmember Shu

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7 Adopt Resolution.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)
d. INTRODUCTION AND ADOPTION OF AN ORDINANCE

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA
MESA ADDING A NEW SECTION 5.28.135 TO THE LA MESA

MUNICIPAL CODE EXTENDING THE EXISTING TRANSACTION

AND USE TAX (ESTABLISHED PURSUANT TO LA MESA
MUNICIPAL CODE CHAPTER 5.28) TO BE ADMINISTERED BY

THE STATE BOARD OF EQUALIZATION
[EXTENSION CONTINGENT UPON A MAJORITY VOTE OF THE

QUALIFIED VOTERS OF THE CITY VOTING TO APPROVE SAID
EXTENSION]
City Attorney Sabine read the title of the Ordinance.

Moved By Mayor Arapostathis
Seconded By Councilmember Parent
Approve the introduction and adoption of the Ordinance.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

12. COUNCIL COMMITTEE REPORTS (3 MINUTE LIMIT)
The Mayor and Council reported on various outside boards, commissions and committee meetings they attended. No action was taken.

Truth spoke on the San Diego Metropolitan Transit System (MTS).

13. AB 1234 REPORTS (GC 53232.3 (d))
There were no reports.

14. CITY ATTORNEY REMARKS
There were no remarks.

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8 15. ADJOURNMENT
At 7:33 p.m., Mayor Arapostathis adjourned the meeting in memory of long-time resident and community volunteer Gwen Pogue.
_________________________
City Clerk

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1 La Mesa City Council
Minutes of a Regular Meeting
Date:

Location:

July 23, 2024, 6:00 pm
City Council Chambers, 8130 Allison Avenue
La Mesa, California

1. CALL TO ORDER
The City Council minutes are prepared and ordered to correspond to the City Council Agenda. Agenda Items can be taken out of order during the meeting.

The Agenda Items were considered in the order presented.

Mayor Arapostathis called the meeting to order at 6:00 p.m.

1.1 INVOCATION - COUNCILMEMBER DILLARD

1.2 PLEDGE OF ALLEGIANCE

2. REPORT FROM CLOSED SESSION
City Attorney Sabine announced there were no reportable actions.

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2 3. CITY MANAGER COMMENTS
City Manager Humora thanked the residents who completed the priorities survey and shared their thoughts, opinions, and priorities, which would help shape the City's plans for the future, and he provided an update on the repaving project of Jackson Drive.

4. COMMUNITY BULLETIN REPORTS
The Mayor, Council and staff made announcements and reported on various events taking place in the City. No action was taken.

5. ADDITIONS AND/OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.

6. PRESENTATIONS

6.1 CERTIFICATE OF RECOGNITION PRESENTED TO CHRIST

LUTHERAN SCHOOL FOR BEING AWARDED THE PLATINUM

PARENT CHOICE AWARD
Mayor Arapostathis presented the Certificate of Recognition to Xavria Schwarz, principal of Christ Lutheran School, for the school’s Platinum Parent Choice Award. Xavria Schwarz thanked the Council for the recognition.

6.2 2023 CLIMATE ACTION PLAN ANNUAL REPORT
Environmental Program Manager Ego provided a PowerPoint presentation on the Climate Action Plan ("CAP") progress, highlighting the Climate Emergency Resolution actions, emission reduction goals, reporting commitments, implementation timeline, greenhouse gas emissions inventory, CAP co-benefits, the CAP team, 2023 CAP highlights in the areas of energy, transportation, solid waste, green infrastructure, water and community engagement, and the 2024 CAP priority projects.

Wendy Mihalic submitted a comment on emission data and the status of the CAP update.

Truth submitted a comment on the shift towards a fully electric grid and lithium-based infrastructure.

Following Council questions and comments, no action was taken.

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3 7. PUBLIC COMMENTS – (TOTAL TIME – 15 MINUTES)
Dianne Osterling spoke on remote public comment and the Firewise USA program.

Barbie Wheeler expressed her concerns about a house on Bellflower Drive.

Janet Castanos spoke on remote public comment.

Gene Carpenter spoke on the Downtown Village Specific Plan workshop and holding a town hall meeting.

Dianne Osterling submitted a comment on remote public comment.

Mairs Ryan submitted a comment on remote public comment.

Wendy Mihalic submitted a comment on remote public comment.

8. CONFLICT DISCLOSURES
There were no conflict of interest disclosures.

9. BOARD AND COMMISSION APPOINTMENTS

9.1 RESOLUTION APPOINTING AND/OR REAPPOINTING MEMBERS TO

CITY OF LA MESA BOARDS AND COMMISSIONS
Mayor Arapostathis nominated the following individuals for appointment or reappointment to the various City Boards and Commissions:

Arts and Culture Commission
Sherida Bonton as the general population representative Melissa Weiss Walter as the visual arts representative
Community Relations and Veterans Commission
Alan R. Gann as the veteran population representative
Victor E. Martin as the general population representative Design Review Board
Alison Morita
Environmental Sustainability Commission
Richard Williams as the professional representative
Amanda-Dawn Natalia as the general population representative Jack Sellinger as the general population representative

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4 Historic Preservation Commission
Todd Pitman as the La Mesa Historical Society representative Tony Garcia as the design professional representative
La Mesa Community Parking Commission
Melissa McCune as the CD/D Zone representative
Personnel Appeals Board
Fabriane Hudson
Hannah Weinstein
City Clerk Wiegelman explained the nomination process for the Community Services Commission and Planning Commission.

The Council began the open nomination process for two positions on the Community Services Commission.

City Clerk Wiegelman announced the nominations as follows:

Round 1:

Mayor Arapostathis nominated Robert Duff and Parker Ross Vice Mayor Lothian nominated Robert Duff and Parker Ross Councilmember Dillard nominated Robert Duff and Amanda-Dawn Natalia Councilmember Shu nominated Robert Duff and Parker Ross Councilmember Parent nominated Robert Duff and Parker Ross City Clerk Wiegelman announced that Robert Duff and Parker Ross received a majority nomination.

The Council began the open nomination process for two positions on the Planning Commission.

City Clerk Wiegelman announced the nominations as follows:

Round 1:

Mayor Arapostathis nominated Jerry Jones and Andrew Torpey Vice Mayor Lothian nominated Jerry Jones and Andrew Torpey Councilmember Dillard nominated Jerry Jones and Andrew Torpey

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5 Councilmember Shu nominated Jerry Jones and Andrew Torpey Councilmember Parent nominated Jerry Jones and Andrew Torpey City Clerk Wiegelman announced that Jerry Jones and Andrew Torpey received a majority nomination.

Truth submitted a comment regarding the various applicants for the board and commission positions.

Resolution No. 2024-086
Moved By Mayor Arapostathis
Seconded By Councilmember Parent
(1) Approve the reappointments of Sherida Bonton as the general population representative and Melissa Weiss Walter as the visual arts representative on the Arts and Culture Commission; (2) approve the reappointment of Alan R. Gann as the veteran representative and appointment of Victor E. Martin as the general population representative on the Community Relations and Veterans Commission; (3) approve the reappointment of Alison Morita to the Design Review Board; (4) approve the reappointment of Richard Williams as the professional representative and appointments of Amanda-Dawn Natalia and Jack Sellinger as the general population representatives on the Environmental Sustainability Commission; (5) approve the reappointment of Tony Garcia as the design professional representative and appointment of Todd Pitman as the La Mesa Historical Society representative on the Historic Preservation Commission; (6) approve the appointment of Melissa McCune as the CD/D Downtown Commercial Zone representative on the La Mesa Community Parking Commission; (7) approve the reappointment of Fabriane Hudson and appointment of Hannah Weinstein on the Personnel Appeals Board; and (8) adopt the Resolution confirming the reappointments and appointments.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

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6 Substitute Motion:

Moved By Councilmember Shu
(1) Approve the reappointments of Sherida Bonton as the general population representative and Melissa Weiss Walter as the visual arts representative on the Arts and Culture Commission; (2) approve the reappointment of Alan R. Gann as the veteran representative and appointment of Victor E. Martin as the general population representative on the Community Relations and Veterans Commission; (3) approve the reappointment of Alison Morita to the Design Review Board; (4) approve the reappointment of Richard Williams as the professional representative and appointments of Amanda-Dawn Natalia and Jack Sellinger as the general population representatives on the Environmental Sustainability Commission; (5) approve the reappointment of Tony Garcia as the design professional representative and appointment of Todd Pitman as the La Mesa Historical Society representative on the Historic Preservation Commission; (6) approve the appointment of Melissa McCune as the CD/D Downtown Commercial Zone representative on the La Mesa Community Parking Commission; (7) approve the reappointment of Fabriane Hudson and appointment of Hannah Weinstein on the Personnel Appeals Board; (8) approve the appointment of Andy Trimlett as the Police Beat 4 representative on the Community Police Oversight Board; and (9) adopt the Resolution confirming the reappointments and appointments.

Failed
The substitute motion failed due to a lack of a second.

Resolution No. 2024-086
Moved By Councilmember Parent
Seconded By Mayor Arapostathis
Approve the reappointment of Parker Ross and appointment of Robert Duff to the Community Services Commission and adopt the Resolution confirming the appointments.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

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7 Resolution No. 2024-086
Moved By Councilmember Shu
Seconded By Councilmember Parent
Approve the reappointments of Jerry Jones and Andrew Torpey to the Planning Commission and adopt the Resolution confirming the reappointments.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

10. PUBLIC COMMENTS ON CONSENT CALENDAR
Dianne Osterling spoke on Item 11.4.

Mairs Ryan submitted a comment on Item 11.7.

Truth submitted a comment on Items 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.8,

11.9, and 11.11.

11. CONSENT CALENDAR
(Items 11.1 through 11.11)
Moved By Councilmember Parent
Seconded By Councilmember Shu
Approve Consent Calendar Items 11.1 through 11.11.

For (5): Mayor Arapostathis, Vice Mayor Lothian, Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Approved (5 to 0)

11.1 APPROVAL OF MOTION TO WAIVE THE READING OF THE TEXT OF

ALL ORDINANCES AND RESOLUTIONS AT THIS MEETING
Approve.

11.2 RESOLUTION APPROVING AN AGREEMENT FOR PROFESSIONAL

SERVICES BETWEEN THE CITY OF LA MESA AND IPS GROUP
PARKING & TELECOMMUNICATIONS AND APPROPRIATING $35,000

FROM THE DOWNTOWN PARKING FUND RESERVE TO THE FISCAL
YEAR 2024-2025 BUDGET
Resolution No. 2024-087
Adopt Resolution.

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8 11.3 RESOLUTION AUTHORIZING THE HIRING OF A RETIRED

ANNUITANT PURSUANT TO GOVERNMENT CODE SECTIONS
7522.56 AND 21221(h)
Resolution No. 2024-088
Adopt Resolution.

11.4 INTRODUCTION AND FIRST READING OF AN ORDINANCE
AMENDING TITLE 24 (ZONING) OF THE LA MESA MUNICIPAL CODE

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA

AMENDING THE LA MESA MUNICIPAL CODE TO ADD A NEW
SECTION 24.05.020(A)(6) TO AUTHORIZE BY-RIGHT APPROVAL FOR PROJECTS WITH 20% AFFORDABLE UNITS ON REUSE SITES AS
DEFINED PURSUANT TO GOVERNMENT CODE SECTION 65583.2
AND IN COMPLIANCE WITH THE 6TH CYCLE HOUSING ELEMENT,
IMPLEMENTATION PROGRAM 8
Approve the introduction and first reading of the Ordinance.

11.5 INTRODUCTION AND FIRST READING OF AN ORDINANCE OF THE

CITY COUNCIL OF THE CITY OF LA MESA, CALIFORNIA,

RELINQUISHING ENFORCEMENT AUTHORITY OF THE

MOBILEHOME PARKS ACT TO THE CALIFORNIA DEPARTMENT OF

HOUSING AND COMMUNITY DEVELOPMENT
Approve the introduction and first reading of the Ordinance.

11.6 RESOLUTION AUTHORIZING THE ACCEPTANCE AND

APPROPRIATION OF A GRANT FROM THE CALIFORNIA HIGHWAY

PATROL TO CONDUCT A LOCAL TRAFFIC SAFETY PROGRAM FOR

DUI ENFORCEMENT BY APPROVING THE ADDITION OF THE GRANT
FUNDS TO THE FISCAL YEAR 2024-2025 BUDGET
Resolution No. 2024-089
Adopt Resolution.

11.7 RESOLUTION AUTHORIZING THE ACCEPTANCE AND
APPROPRIATION OF THE FISCAL YEAR 2023 STATE HOMELAND

SECURITY GRANT PROGRAM (SHSGP) - URBAN AREA SECURITY
INITIATIVE (UASI) GRANT OF $96,444
Resolution No. 2024-090
Adopt Resolution.

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9 11.8 RESOLUTION AUTHORIZING THE ACCEPTANCE OF THE FISCAL YEAR 2023 STATE HOMELAND SECURITY GRANT PROGRAM
(SHSGP) GRANT OF $36,940 FOR TERRORISM PREPAREDNESS
Resolution No. 2024-091
Adopt Resolution.

11.9 RESOLUTION REJECTING BID NO. 25-02, INFLOW AND
INFILTRATION MITIGATION PHASE 6 SEWER PROJECT
Resolution No. 2024-092
Adopt Resolution.

11.10 RESOLUTION AUTHORIZING A TASK ORDER TO PARSONS
TRANSPORTATION GROUP, INC. FOR STAFF AUGMENTATION

SERVICES
Resolution No. 2024-093
Adopt Resolution.

11.11 RESOLUTION TO AWARD BID 25-04, TYPE B ASPHALT CONCRETE,

TO SUPERIOR READY-MIX CONCRETE AND MARTIN MARIETTA
Resolution No. 2024-094
Adopt Resolution.

12. ORDINANCE: FIRST READING

12.1 CONSIDERATION OF AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LA MESA ADDING LA MESA MUNICIPAL CODE
CHAPTER 10.30 REGULATING THE RESIDENTIAL STORAGE OF

FIREARMS
Council Ad Hoc Subcommittee: Councilmember Dillard and
Councilmember Shu
City Attorney Sabine read the title of the Ordinance.

Councilmember Shu outlined the drafting process of the Ordinance and explained why this specific version was being presented to the Council for consideration.

Council questions and comments ensued.

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10 The following members of the public spoke or submitted a comment in support of the Ordinance regulating the residential storage of firearms:

Janet Castanos
Wendy Mihalic
Carol Landale
Gerry Braun
Louis Knowlton
Therese Hymer
Eliane Olson
Frisco George
Victoria Koenitzer
Mechelle Perrott
Cory Bin
Kimberly Weinstein
John White
Tama Marie Becker-Varano
Michelle
Susan Ehrhardt
Dianne Osterling
Paul Conry
John Mann
Ron Marcus
Thomas Keener
Ellen Goren
Lisa Klinger
Sandy Housley
Rob Campbell

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11 Sarita Ordonez
Lori Van Orden
Truth submitted a comment in opposition of the Ordinance regulating the residential storage of firearms.

Christopher Glenn submitted a comment regarding the dangers of having guns in the home.

Moved By Councilmember Shu
Seconded By Councilmember Parent
Approve the introduction and first reading of the Ordinance.

For (3): Councilmember Dillard, Councilmember Parent, and Councilmember Shu
Against (2): Mayor Arapostathis, and Vice Mayor Lothian Approved (3 to 2)

13. WRITTEN COMMUNICATION

13.1 LETTER FROM THE LEAGUE OF CALIFORNIA CITIES REQUESTING

THE DESIGNATION OF A VOTING DELEGATE AND ALTERNATE FOR
THE ANNUAL LEAGUE CONFERENCE, OCTOBER 16 THROUGH
OCTOBER 18, 2024, IN LONG BEACH, CALIFORNIA
Truth submitted a comment recommending that the City not select a voting member and instead end its membership in the League of California Cities.

ACTION: Following discussion, it was the consensus of the Council to designate Councilmember Dillard as the voting delegate for the Annual League Conference.

14. COUNCIL COMMITTEE REPORTS (3 MINUTE LIMIT)
The Mayor and Council reported on various outside boards, commissions and committee meetings they attended. No action was taken.

15. AB 1234 REPORTS (GC 53232.3 (d))
There were no reports.

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12 16. CITY ATTORNEY REMARKS
There were no remarks.

17. ADJOURNMENT
At 7:10 p.m., Mayor Arapostathis adjourned the meeting in memory of long-time resident and community volunteer Susan Dyke.
_________________________
City Clerk

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1 La Mesa City Council
Minutes of a Special Meeting
Date:

Location:

July 23, 2024, 5:00 p.m.

Council Chambers and City Manager's Conference Room
City Hall, 8130 Allison Avenue
La Mesa, California

1. CALL TO ORDER
Mayor Arapostathis called the meeting to order at 5:00 p.m.

2. PUBLIC COMMENTS
Truth submitted a comment on Item 3.2.

Mayor Arapostathis adjourned the meeting to Closed Session at 5:01 p.m.

3. CLOSED SESSION

3.1 PUBLIC EMPLOYEE PERFORMANCE EVALUATION PURSUANT TO
GOVERNMENT CODE SECTION 54957
Title: City Manager

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2 3.2 PUBLIC EMPLOYEE PERFORMANCE EVALUATION PURSUANT TO GOVERNMENT CODE SECTION 54957
Title: City Attorney
The meeting reconvened at 5:55 p.m. with all members present.

4. REPORT FROM CLOSED SESSION
City Attorney Sabine announced there were no reportable actions.

5. ADJOURNMENT
Mayor Arapostathis adjourned the meeting at 5:55 p.m.
_________________________
City Clerk

Page 68 of 518 ends

DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Megan Wiegelman, City Clerk
VIA: Greg Humora, City Manager
Glenn Sabine, City Attorney
SUBJECT: INTRODUCTION AND ADOPTION OF AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA CORRECTING SCRIVENER’S

ERROR IN AN ORDINANCE RELATING TO EXTENDING THE

EXISTING TRANSACTION AND USE TAX (LA MESA MUNICIPAL CODE CHAPTER 5.28: PROPOSITION “L”) ADOPTED ON JULY 9, 2024 (THE

ORDINANCE)
Attached is a draft ordinance that makes minor revisions to the Ordinance. The California Department of Tax and Fee Administration requested these revisions.

Specifically, if adopted, the draft ordinance would do the following:
 Change the title of the Ordinance to include the reference to the California Department of Tax and Fee Administration instead of the State Board of Equalization; and  Change the reference to “effective date” to “operative date” in Section 3 of the Ordinance.

Attachment: Draft Ordinance

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ORDINANCE NO. 2024-

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA CORRECTING SCRIVENER’S ERROR IN AN ORDINANCE RELATING TO

EXTENDING THE EXISTING TRANSACTION AND USE TAX (LA MESA MUNICIPAL CODE CHAPTER 5.28: PROPOSITION “L”) ADOPTED ON JULY 9, 2024 (THE “ORDINANCE”)
NOW, THEREFORE, BE IT AND IT IS HEREBY ORDAINED by the City Council of the City of La Mesa, California as follows:

SECTION 1: The title of the Ordinance is hereby amended to read as follows:
“AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA MESA ADDING A NEW SECTION 5.28.135 TO THE LA MESA MUNICIPAL CODE

EXTENDING THE EXISTING TRANSACTION AND USE TAX (ESTABLISHED PURSUANT TO LA MESA MUNICIPAL CODE CHAPTER 5.28) TO BE

ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF TAX AND FEE ADMINISTRATION”
SECTION 2: Section 3 of the Ordinance is hereby amended to read as follows:
“Termination Date.

The authority to levy the transaction and use tax imposed by this Ordinance shall expire twenty (20) years following its Operative Date.”
INTRODUCED AND ADOPTED at a Regular meeting of the City Council of the City of La Mesa, California, held the 13th day of August 2024 by the following vote, to wit:

AYES:

NOES:

ABSENT:

APPROVED:
__________________________
MARK ARAPOSTATHIS, Mayor
ATTEST:
___________________________________
MEGAN WIEGELMAN, CMC, City Clerk

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CERTIFICATE OF CITY CLERK
I, MEGAN WIEGELMAN, City Clerk of the City of La Mesa, California, do hereby certify the foregoing to be a true and correct copy of Ordinance No. 2024- , duly introduced and adopted by the City Council of said City on the date and by the vote therein recited and that the same has been duly published according to law.

MEGAN WIEGELMAN, CMC, City Clerk
(SEAL OF CITY)

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INVESTMENT POLICY
of the
City of La Mesa, California
FY 2024-2025

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INVESTMENT POLICY
of the
City of La Mesa, California
Sections Title Page (s)

1. Policy Statement 1

2. Investment Policy Objectives 1-3

3. Investments 3-7

4. Safekeeping of Securities 7-8

5. Structure and Responsibilities 8-9

6. Reporting 9-10

7. Performance Standards 10

8. Review of Investment Policy 10

9. Definitions 10

10. Adoption of Policy 10

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1 City of La Mesa, California
Investment Policy

1. POLICY STATEMENT
La Mesa is a “general law” city that derives its power from California State Law. Founded in 1869, the City was incorporated on February 16, 1912. La Mesa employs a “Council – Manager” form of government under which the Council determines policy and the City Manager assures that the policy is implemented.

All funds of the City of La Mesa shall be invested in accordance with principles of sound treasury management and in accordance with the provisions of the California Government Code Sections 53600 et seq. and this Investment Policy (“Policy”). These funds are defined and detailed in the City’s Basic Financial Statements and Independent Auditor’s Report and includes any new funds created unless specifically excluded by the City Council.

Specifically excluded funds are:
• Funds deposited with the State Public Employees’ Retirement System and; • Bond proceeds that are subject to covenants and restrictions as defined in the Bond’s indenture or are administered under the direct control of the Bond Trustee.

2. INVESTMENT POLICY OBJECTIVES
A. Overall Risk Profile
The objectives of the City of La Mesa’s Investment Program are, in order of priority:

1. Safety of principal of invested funds;

2. Maintenance of sufficient liquidity to meet cash flow needs; and

3. Attainment of the maximum yield possible consistent with the first two objectives.

To achieve these objectives, The City shall consider the following when making an investment:

1. Safety of Principal of Invested Funds
The City shall mitigate the risk to the principal of invested funds by limiting credit and interest rate risks. Credit Risk is the risk of loss due to the failure of a security’s issuer or backer. Interest Rate Risk is the risk that the market value of the City’s portfolio will fall due to an increase in general interest rates. a) Credit risk will be mitigated by:
(i) Limiting investments to only the most creditworthy types of securities as evaluated “investment grade” by one of the four Nationally Recognized Statistical Rating Organizations (NRSRO) as determined by the Securities and Exchange Commission (SEC), including (1) Standard &

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2 Poor’s Rating Service, (2) Moody’s Investors Service, (3) Fitch Ratings and (4) Dominion Bond Rating Service.
(ii) Pre-qualifying the financial institutions with which it will do business; and (iii) Diversifying the investment portfolio so that the potential failure of any one issue or issuer will not place an undue financial burden on the City. b) Interest rate risk will be mitigated by:
(i) Structuring the City’s portfolio so that securities mature to meet the City’s cash requirements for ongoing obligations, thereby avoiding the possible need to sell securities on the open market at a loss prior to their maturity to meet those requirements;
(ii) Investing primarily in shorter term securities; and (iii) Not paying a premium for any security which includes a “call feature”, thereby obviating the possibility that the interest realized will be less than anticipated, and/or that the call price will be substantially less than book value, resulting in a potential loss of principal.

2. Liquidity
The City’s investment portfolio shall be structured in a manner which emphasizes that securities mature at the same time the cash is needed to meet anticipated demands (Static Liquidity). Additionally, since all possible cash demands cannot be anticipated, the portfolio should consist of securities with active secondary markets (Dynamic Liquidity). The maximum percentage of different investment instruments and maturities is described in Section 3 of this Policy.

3. Yield
Yield on the City’s investment portfolio is of secondary importance compared to the safety and liquidity objectives described above. Investments are limited to relatively low risk securities in anticipation of earning a fair return relative to the risk being assumed. While it may occasionally be necessary or strategically prudent for the City to sell a security prior to maturity to either meet unanticipated cash needs or to restructure the portfolio, this policy specifically prohibits trading securities for the sole purpose of speculating on the future direction of interest rates.

B. Basic Investment Strategy
The City shall pursue a “passive” strategy of investment under which investments shall be of “laddered” maturities, facilitating a “buy and hold” process where financial instruments are held until maturity rather than actively bought and sold at various times. An “active” strategy of market timing, sector rotation, indexing to a benchmark and similar strategies are considered inappropriate for the size of the City’s portfolio. It is understood that it may be appropriate to sell a particular security prior to maturity to meet unanticipated cash needs with the approval of the City Treasurer.

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3 The City’s investment portfolio shall be structured to provide that sufficient funds from investments are available each month to meet the City’s anticipated cash needs. Subject to the objectives stated above, the choice in investment instruments and maturities shall be based upon an analysis of future anticipated cash needs, existing and anticipated revenues, interest rate trends and specific market opportunities. No investment may have a maturity of more than five (5) years from its date of purchase without receiving prior City Council approval. After approval by City Council, reserve funds associated with bond issues may have a maturity of more than five (5) years, up to the earliest date the bonds may be redeemed or mature.

3. INVESTMENTS
This section of the Investment Policy identifies the types of investments in which the City will invest its idle or surplus funds.

A. Standard of Prudence
The City operates its investment portfolio under the Prudent Investor Standard (California Government Code Section 53600.3) which states in essence that:
“When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the Agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the Agency”.

This standard shall be applied in the context of managing the overall portfolio.

Investment officers, acting in accordance with written procedures and this investment policy and exercising the above standard of diligence shall be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.

B. Eligible Securities
The City is provided a broad spectrum of eligible investments under California Government Code Section 53600 et seq. The City may choose to restrict its permitted investments to a smaller list of securities that more closely fits the City’s cash flow needs and requirements for liquidity. If a type of investment is added to California State Code 53600, it will not be added to the City’s Authorized Investment List until this policy is amended and approved by the City Council. If a type of investment permitted by the City should be removed from California State Code 53600, it will be deemed concurrently removed from the City’s Authorized Investment List, but existing holdings may be held until they mature.

State Government Authorized Investment List
Allowable investment instruments per State Government Code Section 53600 et seq. (as of January 1, 2013)A applicable to all local agenciesB and detailed in the

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4 Local Agency Investment Guidelines (version 13.02) as published by the California Debt and Investment Advisory Commission
Figure 1

INVESTMENT TYPE MAXIMUM

MATURITYC

MAXIMUM

SPECIFIED
% OF

PORTFOLIOD

MINIMUM QUALITY

REQUIREMENTS
Local Agency Bonds 5 years None None
U.S. Treasury Obligations 5 years None None
State Obligations - CA and
Others 5 years None None
CA Local Agency Obligations 5 years None None
U.S. Agency Obligations 5 years None None
Bankers' Acceptances 180 days 40%E None
Commercial Paper - Select
AgenciesF 270 days
25% of the
agency's moneyG
"A-1" if the issuer has issued
long-term debt it must be
rated "A" without regard to
modifiersH
Commercial Paper - Other
AgenciesI 270 days
40% of the
agency's moneyJ
"A-1" if the issuer has issued
long-term debt it must be
rated "A" without regard to
modifiersH
Negotiable Certificates of
Deposit 5 years 30%K None
CD Placement Service 5 years 30%K None
Repurchase Agreements 1 year None None
Reverse Repurchase
Agreements and Securities
Lending Agreements
92 daysL
20% of the base
value of the
portfolio
NoneM
Medium-Term NotesN 5 years 30% "A" Rating
Mutual Funds and Money Market
Mutual Funds N/A 20%O MultipleP,Q
Collateralized Bank Deposits 5 years None None
Mortgage Pass-Through
Securities 5 years 20% "AA" RatingR
Bank/Time Deposits 5 years None None
County Pooled Investment Funds N/A None None
Joint Powers Authority Pool N/A None MultipleS
Local Agency Investment Fund
(LAIF) N/A None None
Voluntary Investment Program
FundT N/A None None

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5 See “Table of Notes for Figure 1” on the next page for footnotes related to this exhibit

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6 TABLE OF NOTES FOR FIGURE 1
A Sources: Government Code Sections 16340, 16429.1, 53601, 53601.8, 53635, 53635.2, and 53638.

B Municipal Utilities Districts have the authority under the Public Utilities Code Section 12871 to invest in certain securities not addressed here.

C Section 53601 provides that the maximum term of any investment authorized under this section, unless otherwise stated, is five years. However, the legislative body may grant express authority to make investments either specifically or as a part of an investment program approved by the legislative body that exceeds this five year maturity limit. Such approval must be issued no less than three months prior to the purchase of any security exceeding the five-year maturity limit.

D Percentages apply to all portfolio investments regardless of source of funds. For instance, cash from a reverse repurchase agreement would be subject to the restrictions.

E No more than 30 percent of the agency’s money may be in bankers’ acceptances of any one commercial bank.

F
“Select Agencies” are defined as a “city, a district, or other local agency that do[es] not pool money in deposits or investment with other local agencies, other than local agencies that have the same governing body.”
G No more than 10 percent of the agency’s money may be invested in any one issuer’s commercial paper.

H
Issuing corporation must be organized and operating within the U.S. and have assets in excess of $500 million.

I
“Other Agencies” are counties, a city and county, or other local agency “that pools money in deposits or investments with other local agencies, including local agencies that have the same governing body.” Local agencies that pool exclusively with other local agencies that have the same governing body must adhere to the limits set for “Select Agencies,” above.

J No more than 10 percent of the agency’s money may be invested in the commercial paper of any one corporate issuer.

K No more than 30 percent of the agency’s total funds may be invested in CDs authorized under Sections 53601.8, 53635.8, and 53601(i).

L Reverse repurchase agreements or securities lending agreements may exceed the 92-day term if the agreement includes a written codicil guaranteeing a minimum earning or spread for the entire period between the sale of a security using a reverse repurchase agreement or securities lending agreement and the final maturity dates of the same security.

M Reverse repurchase agreements must be made with primary dealers of the Federal Reserve Bank of New York or with a nationally or state chartered bank that has a significant relationship with the local agency. The local agency must have held the securities used for the agreements for at least 30 days.

N
“Medium-term notes” are defined in Section 53601 as “all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.”
O No more than 10 percent invested in any one mutual fund.

P A mutual fund must receive the highest ranking by not less than two nationally recognized rating agencies or the fund must retain an investment advisor who is registered with the SEC (or exempt from registration), has assets under management in excess of $500 million, and has at least five years’ experience investing in instruments authorized by Sections 53601 and 53635.

Q A money market mutual fund must receive the highest ranking by not less than two nationally recognized statistical rating organizations or retain an investment advisor registered with the SEC or exempt from registration and who has not less than five years’ experience investing in money market instruments with assets under management in excess of $500 million.

R
Issuer must have an “A” rating or better for the issuer’s debt as provided by a nationally recognized rating agency.

S A joint powers authority pool must retain an investment advisor who is registered with the SEC (or exempt from registration), has assets under management in excess of $500 million, and has at least five years’ experience investing in instruments authorized by Section 53601, subdivisions (a) to (o).

T Local entities can deposit between $200 million and $10 billion into the Voluntary Investment Program Fund, upon approval by their governing bodies. Deposits in the fund will be invested in the Pooled Money Investment Account.

Appendix A, “Description of Authorized Investments” is a more detailed description of the authorized investments listed in Figure 1 above.

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7 A thorough investigation of any pool or fund is required prior to investing and on a continual basis. The investigation will, at a minimum, obtain the following information:
• A description of eligible investment securities, and a written statement of investment policies and objectives.
• A description of interest calculations and how it is distributed, and how gains and losses are distributed.
• A description of how securities are safeguarded (including the settlement process) and how often the securities are marked to market and how often an audit is conducted.
• A description of who may invest in the program, how often, what size deposits and withdrawals are permitted.
• A schedule for receiving statements and portfolio listings. • Does the pool/fund maintain a reserve or retain earnings or is all income after expenses distributed to participants?
• A fee schedule which also discloses when and how fees are assessed. • Is the pool or fund eligible for bond proceeds and/or will it accept such proceeds?
The purpose of this investigation is to determine the suitability of a pool or fund and evaluate the risk of placing funds with that pool or fund.

One of the purposes of this Investment Policy is to define what investments are permitted. If a type of security is not specifically authorized by this policy, it is not a permitted investment.

C. Qualification of Brokers, Dealers and Financial Institutions The City Treasurer or his/her designee will establish and maintain a list of the financial institutions and broker/dealers authorized to provide investment and depository services to the City, will perform an annual review of the financial condition and registrations of the authorized financial institutions and broker/dealers, and require annual audited financial statements to be on file for each approved entity. The Investment Committee may limit the number of broker/dealers as deemed appropriate. The City shall annually provide its current Investment Policy to all interested parties, including all financial institutions and broker/dealers approved to do business with the City, by posting the Investment Policy on the City’s official website. Upon annual notification of the approved Investment Policy, receipt of the Policy, including confirmation that it has been reviewed by the person(s) handling the City’s account, shall be acknowledged in writing within thirty (30) days of such notification. Audited financial statements as required herein shall be submitted annually within 90 days of such notification.

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8 All broker-dealers and financial institutions that desire to become qualified bidders for investment transactions must submit a “Broker-Dealer Application” and related documents relative to eligibility. This includes a current audited financial statement, proof of state registration, proof of FINRA registration and a certification that all persons handling the City’s account have received and reviewed the City’s Investment Policy and agree to comply with the provisions outlined in the Investment Policy. The City Treasurer or his/her designee may establish any additional criteria deemed appropriate to evaluate and approve any financial services provider. The selection process for broker-dealers shall be open to both “primary dealers” and “secondary/regional dealers” that qualify under Securities and Exchange Commission Rule 15c3-1 (Uniform Net Capital Rule). The provider must have an office in California and the provider’s representative must be experienced in institutional trading practices and familiar with the California Government Code as it relates to investments by a City. The current form of the Broker Dealer Questionnaire appears as Appendix B of this policy.

D. Collateralization Requirements
Uninsured Time Deposits with banks and savings and loans shall be collateralized in the manner prescribed by state law for depositories accepting municipal investment funds.

Repurchase Agreements shall be collateralized in accordance with terms specified in the Master Repurchase Agreement. The valuation of collateral securing a Repurchase Agreement will be verified weekly to ensure a minimum of 102% of the value of the transaction being held by the City’s depository agent.

E. Diversification
The City will diversify its investments by security type and investment. With the exception of bond reserve funds, bond escrow funds, and any other specific funds approved by the City Council, the City Treasurer or his/her designee and the City’s Investment Committee will adopt a strategy that combines current market conditions with the City’s cash needs to maintain the maximum degree of safety of principal and liquidity throughout market and budgetary cycles. This strategy will include diversification by investment type and maturity allocations and will be included in the regular quarterly reports to Council. This strategy will be reviewed quarterly and can be changed accordingly.

F. Confirmations
Receipts for confirmation of purchases or sales of authorized securities shall include at a minimum the following information: trade date, settlement date, description of the security, par value, interest rate, price, yield to maturity, City’s name, net amount due and third party custodial information.

4. SAFEKEEPING OF SECURITIES
The City shall contract with a bank or banks for the safekeeping of securities that are owned by the City as a part of its investment portfolio or transferred to the City under the terms of a Repurchase Agreement.

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9 All securities owned by the City shall be held in safekeeping by a third party bank trust department acting as agent for the City under the terms of a custody agreement executed by the bank and the City. All securities will be received and delivered using standard delivery versus payment (DVP) procedures. The third party bank trustee agreement must comply with Section 53608 of the California Government Code. No outside broker/dealer or advisor may have access to City funds, accounts or investments and any transfer of funds must be approved by the City Treasurer.

The City’s current custodian is:

U.S. Bank
Institutional Trust and Custody
60 Livingston Ave
Saint Paul, MN 55107
ATTN: Katherine G Artishon
Telephone 651.466.6312.

5. STRUCTURE AND RESPONSIBILITIES
This section of the policy defines the overall structure and areas of responsibility within the investment management program.

A. Responsibilities of the City Treasurer
The City Treasurer is charged with responsibility for maintaining custody of all public funds and securities belonging to or under the control of the City, and for the deposit and investment of those funds in accordance with principles of sound treasury management, applicable laws, ordinances and this Investment Policy.

This includes establishing written procedures for the operation of the investment program consistent with this policy. The procedures should include reference to safekeeping, master repurchase agreements, wire transfer agreements, banking services contracts and depository agreements. Such procedures shall also include explicit delegation of authority to persons responsible for investment transactions.

No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Treasurer and approved by the Investment Committee.

The current delegation of authority, Appendix C hereof, will be provided to all approved financial institutions. They will be notified of any changes to this delegation in a timely fashion and acknowledge receipt.

B. Responsibilities of the Director of Finance
The Director of Finance is responsible for keeping the City Council fully advised as to the financial condition of the City.

C. Responsibilities of the City Council
The City Council shall consider and adopt a written Investment Policy. As provided in that policy, the Council shall receive, review and accept quarterly investment reports.

D. Responsibilities of the Investment Committee

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10 There shall be an Investment Committee consisting of the Director of Finance, the City Manager, the City Treasurer and their designees. The Committee shall meet quarterly to discuss cash flow requirements, the quarterly investment reports, investment strategies, investment and banking procedures and significant investment related work projects being undertaken in each department that will affect the cash flow management of the City Treasurer. This will require timely reports from the department heads to the Director of Finance concerning significant future cash flow requirements. The Investment Committee, with the approval of the City Council, may retain an external investment manager on behalf of the City. The investment manager will be required to act in accordance with this investment policy.

E. Ethics and Conflicts of Interest
All City officers and employees involved in the investment process shall refrain from personal business activity that could conflict with the proper execution of the investment program, or that could impair their ability to make impartial investment decisions. Those employees and investment officials shall disclose to the appropriate City executive (City Manager, City Attorney, or the Director of Finance) any material financial interests in financial institutions that conduct business within the City, and they shall further disclose any large personal financial/investment positions that could be related to the performance of the City’s investments.

6. REPORTING
The City Treasurer shall prepare a quarterly investment report, including a succinct management summary that provides a clear picture of the status of the current investment portfolio and transactions made. This management summary shall be prepared in a manner that will allow the Director of Finance and the City Council to ascertain whether investment activities during the reporting period have complied with the City’s Investment Policy.

The quarterly report shall include the following:

A. A list of individual securities held at the end of the reporting period.

B. Unrealized gains or losses resulting from amortization or accretion of principal versus market value changes by listing the cost and market value of securities owned by the City.

C. Dollar weighted yield of the City’s investments.

D. Maturity schedule by type, of each of the City’s investments.

E. Statement of compliance of the City’s Investment Policy with California Government Code Section 53601 et seq.

F. Statement as to ability to meet all scheduled expenditure requirements for the next six months.

G. Market value, book value, par value and cost basis of all investments.

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11 7. PERFORMANCE STANDARDS
The investment portfolio will be managed in accordance with the standards established within this Investment Policy and should obtain a market rate of return throughout budgetary and economic cycles. The Investment Committee will establish and periodically review the City’s portfolio benchmarks and performance. A benchmark will be selected that compares with the portfolio composition, structure and investment strategy at that time.

8. REVIEW OF INVESTMENT POLICY
A. Policy Review
This Investment Policy shall be reviewed annually by the City Council to ensure its consistency with respect to the overall objectives of safety, liquidity and yield.

Proposed amendments to the policy shall be prepared by the Treasurer and reviewed and approved by the Investment Committee and then be forwarded to the City Council for consideration. The Investment Committee shall annually review the Investment Policy and any proposed amendments and forward to the City Council for its consideration and adoption at a public meeting.

B. Internal Control and Review
The external auditors shall annually review the investments and general activities associated with the investment program to ensure compliance with this Investment Policy. This review will provide internal control by assuring compliance with policies and procedures established by this Investment Policy.

9. DEFINITIONS
The City has adopted the glossary of terms as published by the State of California Debt and Investment Advisory Commission (Appendix A).

10. ADOPTION OF POLICY
This Policy was duly adopted by the City Council of the City of La Mesa on the 13th day of August, 2024.

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APPENDICES
A. Description of Authorized Investments and Glossary
B. Broker/Dealer Questionnaire
C. Delegation of Authority
D. Quarterly Investment Report Format

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APPENDIX A

DESCRIPTION OF AUTHORIZED INVESTMENTS
The City of La Mesa’s investments may be placed in those securities as outlined below; the allocation between the various investment instruments may change in order to give the City the best combination of safety, liquidity and higher yield. Surplus funds of local agencies may only be invested in certain eligible securities. The City limits its investments to allowable securities under the State of California statutes (Government Code Section 53601, et seq., Section 53356, et seq., and Section 53595, et seq.) and is further limited to those listed below.

Certificates of Deposit
Certificates of deposit allow the City to select the exact amount and day of maturity as well as the exact depository. Certificates of deposit are issued in any amount for periods of time as short as fourteen days and as long as several years. At any given time, the City may have certificates of deposit in numerous financial institutions.

Collateral is not required for that portion of a deposit, which is insured pursuant to federal law.

Currently, the first $250,000 of a deposit is federally insured by FDIC. Non-negotiable CD’s for amounts in excess of federal insurance are not permitted.

Local Agency Investment Fund
The Local Agency Investment Fund (LAIF) of the State of California offers high liquidity because deposits can be wired to the City checking account within twenty-four hours. Interest is computed on a daily basis.

This is a special fund within the State Treasury, which local agencies may use to deposit funds for investment. There is no minimum investment period and the minimum transaction is $5,000 in multiples of $1,000 above that, with a maximum of $50,000,000 for any city. It offers high liquidity because deposits can be converted to cash within twenty-four hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly by adding it to the principal.

The State charges participants a small fee to cover reasonable costs associated with operating the investment pool, not to exceed one-quarter of one percent of the earnings.

The interest rates received are fairly stable because of the pooling of the State’s surplus cash with the surplus cash deposited by local governments. This creates a well- diversified multi-billion dollar money pool.

U.S. Treasury Securities
U.S. Treasury securities are highly liquid and considered the safest of all investments because they are backed by the full faith and credit of the United States Government. • U.S. Treasury Bills are direct obligations of the United States Government. They are issued weekly with maturity dates up to six months. They are issued and traded on a discount basis and the interest is figured on a 360-day basis using the actual number of days to maturity.

They are issued in the minimum amount of $10,000 and in multiples of $5,000 thereafter.

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• U.S. Treasury Notes are direct obligations of the United States Government. They are issued throughout the year with maturities up to 30 years. Notes are coupon securities paying a fixed amount every six months. The City will not invest in notes having maturities longer than five years.

Federal Agency Securities and Government Sponsored Enterprises Federal Agency securities are highly liquid and considered to be virtually without credit risk.

Federal Agency issues have a partial guarantee directly by the United States Government and are considered “moral” obligations of the U.S. Government (implied guarantee). All Agency obligations that are fixed-rate and meet the maturity restrictions of the State Code and this policy qualify as legal investments and are acceptable as security for public deposits. They usually provide higher yields than regular Treasury issues with all of the same advantages. Examples are:
• FNMA's (Federal National Mortgage Association) are used to assist the home mortgage market by purchasing mortgages insured by the Federal Housing Administration and the Farmers Home Administration, as well as those guaranteed by the Veterans Administration. • FHLB's (Federal Home Loan Bank Notes and Bonds) are issued by the Federal Home Loan Bank System to help finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to savings and loan associations, mutual savings banks, cooperative banks, insurance companies and mortgage-lending institutions. • Other Federal Agency issues are Federal Home Loan Mortgage Corporation (FHLMC), Federal Farm Credit Bank (FFCB), Small Business Administration Notes (SBA), Tennessee Valley Authority (TVA) and the Student Loan Marketing Association (SLMA).

Negotiable Certificates of Deposit
Negotiable certificates of deposit are high-grade instruments, generally paying a higher interest rate than regular certificates of deposit. They are liquid because they can be traded in the secondary market.

Local agencies may invest up to 30% of their surplus money in negotiable certificates of deposit.

Negotiable certificates of deposit shall at no time exceed the FDIC insurance limit of $250,000.

Medium-Term Corporate Notes
A City may invest in medium term corporate notes with a maximum maturity of five years issued by a corporation organized and operating within the United States, a depository institution licensed by the United States government or any state government and operating within the United States. The California State Code (53601 et seq.) permits cities to invest in corporations with a rating category of “A” or better, but the City will limit its investments in corporate medium term notes to those issued by corporations that have been rated “AA” or its equivalent by two nationally recognized ratings agencies.

Passbook Savings or Money Market Account

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Passbook savings account allows us to transfer money from checking to savings and earn interest on smaller amounts of money, which are not available for a longer-term investment.

The passbook savings account is similar to a CD, except not for a fixed term. The interest rate is much lower than CD's, but the savings account provides daily liquidity and funds can be deposited and withdrawn according to our daily needs.

GLOSSARY
A

ACCRUED INTEREST
Coupon interest accumulated on a
bond or note since the last interest
payment or, for a new issue, from the
dated date to the date of delivery.

ARBITRAGE
Transactions by which securities are
bought and sold in different markets
at the same time for the sake of the
profit arising from a yield difference
in the two markets. The 1986 Tax
Reform Act made this practice by
municipalities illegal solely as a borrowing
tactic, except under certain
safe-harbor conditions.

ASSET-BACKED SECURITIES
Securities that are supported by
pools of assets, such as installment
loans or leases, or by pools of revolving
lines of credits. Asset-backed
securities are structured as trusts in
order to perfect a security interest in
the underlying assets.

AVERAGE
An arithmetic mean of selected stocks
intended to represent the behavior of
the market or some component of it.

BANK DEPOSITS
To deposit collateral in the form of
currency that may be in the form of
demand accounts (checking) or investments
in accounts that have a fixed
term and negotiated rate of interest.

BANK NOTES
A senior, unsecured, direct obligation
of a bank or U. S. branch of a
foreign bank.

BANKERS’ ACCEPTANCE
A draft or bill or exchange accepted
by a bank or trust company. The
accepting institution, as well as the
issuer, guarantees payment of the bill.

BASIS POINTS
Refers to the yield on bonds. Each
percentage point of yield in bonds
equals 100 basis points (1/100% or

0.01%). If a bond yield changes from

7.25% to 7.39%, that is a rate of 14
basis points.

BENCHMARK
A passive index used to compare the
performance, relative to risk and
return, of an investor’s portfolio.

BOND PROCEEDS
The money paid to the issuer by the
purchaser or underwriter of a new
issue of municipal securities. These
moneys are used to finance the project
or purpose for which the securities
were issued and to pay certain costs
of issuance as may be provided in the
bond contract.

BONDS
A debt obligation of a firm or public
entity. A bond represents the agreement
to repay the debt in principal
and, typically, in interest on the
principal.

BOOK VALUE

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The value at which an asset is carried
on a balance sheet.

BROKER
A person or firm that acts as an
intermediary
by purchasing and selling
securities for others rather than for its
own account.

CALLABLE SECURITIES
An investment security that contains
an option allowing the issuer to
retire the security prior to its final
maturity date.

CASH FLOW
A comparison of cash receipts (revenues)
to required payments (debt
service, operating expenses, etc.).

CERTIFICATE OF DEPOSIT
A short-term, secured deposit in a financial
institution that usually returns
principal and interest to the lender at
the end of the loan period. Certificates
of Deposit (CDs) differ in terms
of collateralization and marketability.

Those appropriate to public agency
investing include:

Negotiable Certificates of Deposit
Generally, short-term debt instrument
that usually pays interest and is
issued by a bank, savings or federal
association, state or federal credit
union, or state-licensed branch of a
foreign bank. The majority of negotiable
CDs mature within six months
while the average maturity is two
weeks. Negotiable CDs are traded in
a secondary market and are payable
upon order to the bearer or initial
depositor (investor).

Non-Negotiable Certificates of Deposit
CDs that carry a penalty if redeemed
prior to maturity. A secondary market
does exist for these non-negotiable
CDs, but include a transaction cost
that reduces returns to the investor.

Non-negotiable CDs issued by banks
and savings and loans are insured by
the Federal Deposit Insurance Corporation
up to the amount of $250,000,
including principal and interest.

Amounts deposited above this amount
may be secured with other forms
of collateral through an agreement
between the investor and the issuer.

Collateral may include other securities
including Treasuries or agency securities
such as those issued by the Federal
National Mortgage Association.

CDARS (CERTIFICATE

OF DEPOSIT ACCOUNT

REGISTRY SYSTEM)
A private CD placement service that
allows local agencies to purchase
more than $250,000 in CDs from a
single financial institution (must be a
participating institution of CDARS)
while still maintaining FDIC insurance
coverage. CDARS is currently
the only entity providing this service.

CDARS facilitates the trading
of deposits between the California
institution and other participating
institutions in amounts that are less
than $250,000 each, so that FDIC
coverage is maintained.

CD PLACEMENT SERVICE
A service that allows local agencies to
purchase more than $250,000 in CDs
from a single financial institution
while still maintaining FDIC insurance
coverage. See “CDARS”.

COLLATERALIZATION
Process by which a borrower pledges
securities, property, or other deposits
for the purpose of securing the repayment
of a loan and/or security.

COMMERCIAL PAPER
An unsecured short-term promissory
note issued by corporations, with maturities
ranging from 2 to 270 days.

CORPORATE NOTES AND BONDS

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Debt instruments, typically unsecured,
issued by corporations, with
original maturities in most cases
greater than one year and less than
ten years.

COUNTY POOLED

INVESTMENT FUNDS
The aggregate of all funds from public
agencies placed in the custody of the
county treasurer or chief finance officer
for investment and reinvestment.

COUPON
The annual rate of interest that a
bond’s issuer promises to pay the
bondholder on the bond’s face value; a
certificate attached to a bond evidencing
interest due on a payment date.

CREDIT RATING
Various alphabetical and numerical
designations used by institutional
investors, Wall Street underwriters,
and commercial rating companies
to give relative indications of bond
and note creditworthiness. Standard
& Poor’s and Fitch Ratings use the
same system, starting with their highest
rating, of AAA, AA, A, BBB, BB,
B, CCC, CC, C, and D for default.

Moody’s Investors Service uses AAA,
AA, A, BAA, BA, B, CAA, CA, and
D. Each of the services use pluses (+),
minuses (-), or numerical modifiers
to indicate steps within each category.

The top four letter categories are
considered investment grade ratings.

CREDIT RISK
The chance that an issuer will be unable
to make scheduled payments of
interest and principal on an outstanding
obligation. Another concern for
investors is that the market’s perception
of a corporation’s credit will cause
the market value of a security to fall,
even if default is not expected.

CUSIP NUMBER
The Committee on Uniform Security
Information Procedures (CUSIP)
Number refers to a security’s identification
number assigned to each
publicly traded security by the CUSIP
Service Bureau operated by Standard
& Poor’s for the American Bankers
Association. The CUSIP Number is
a nine-character identifier unique to
the issuer, the specific issue and the
maturity, if applicable (the first six
characters identifying the issuer, the
next two identifying the security and
the last digit providing a check digit
to validate the accuracy of the preceding
CUSIP number).

CUSTODIAN
A bank or other financial institution
that keeps custody of stock certificates
and other assets.

D
DEALER
Someone who acts as a principal in all
transactions, including underwriting,
buying, and selling securities, including
from his/her own account.

DEFEASED BOND ISSUES
Issues that have sufficient money to
retire outstanding debt when due so
that the agency is released from the
contracts and covenants in the bond
document.

DERIVATIVE
Securities that are based on, or derived
from, some underlying asset, reference
date, or index.

DISCOUNT
Discount means the difference between
the par value of a security and
the cost of the security, when the
cost is below par. Investors purchase
securities at a discount when return
to the investor (yield) is higher than
the stated coupon (interest rate) on
the investment.

DURATION
A measure of the timing of the cash
flows to be received from a security

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that provides the foundation for a
measure of the interest rate sensitivity
of a bond. Duration is an elasticity
measure and represents the percentage
change in price divided by the
percentage change in interest rates.

A high duration measure indicates
that for a given level of movement in
interest rates, prices of securities will
vary considerably.

EFFECTIVE DURATION
Duration measures the weighted
average of the present value of the
cash flows of a fixed-income investment.

Effective duration measures
the price sensitivity of fixed-income
investments, especially for those with
embedded option features such as call
options. As yields rise, the effective
duration of a callable investment rises
to reflect the fact that it has become
less likely to be called. The more rates
rise, the longer the effective duration
will become, approaching the duration
to maturity. The converse is true
in a declining interest rate environment
(that is, the more rates fall, the
shorter the effective duration will
become, approaching the duration to
call). For securities without an embedded
option, the duration to call,
maturity, and effective duration are all
the same. The calculation for effective
duration is complicated and involves
averaging the duration under a simulation
of many possible interest rate
scenarios in the future.

EXTENDABLE NOTES
Securities with maturity dates that
can be extended by mutual agreement
between the issuer and investor.

When investing in these types
of securities, the maturity date plus
the stated extendable option must
not exceed the time frames that are
allowed in California Government
Code or the investment policy for
the investment type. F

FIDUCIARY
An individual who holds something
in trust for another and bears liability
for its safekeeping.

FIRST TIER SECURITIES
Securities that have received short-term
debt ratings in the highest category
from the requisite nationally
recognized statistical-rating organizations
(NRSROs), or are comparable
unrated securities, or are issued by
money market funds, or government
securities. [See SEC Rules: Paragraph
(A)(12) of rule 2A-7.]
G

GOVERNMENT ACCOUNTING

STANDARDS BOARD (GASB)
A standard-setting body, associated
with the Financial Accounting
Foundation, which prescribes standard
accounting practices for governmental
units.

GUARANTEED INVESTMENT

CONTRACTS (GICS)
An agreement acknowledging receipt
of funds for deposit, specifying terms
for withdrawal, and guaranteeing a
rate of interest to be paid.

INTEREST
The amount a borrower pays to a
lender for the use of his or her money.

INVESTMENT AGREEMENTS
Investment agreements are contracts
with respect to funds deposited by an
investor. Investment agreements are
often separated into those offered by
banks and those offered by insurance
companies. In the former case, they
are sometimes referred to as “bank
investment contracts.”

INVESTMENT OVERSIGHT

COMMITTEE
A committee of three to eleven members
formed under Section 27131 to

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monitor and review a county’s investment
policy by causing an annual
audit and discussing its finding at an
open meeting. Although cities and
other local agencies are not required
to compose an investment oversight
committee, the State Legislature
has declared that all local agencies
“should participate in reviewing the
policies that guide the investment of
those funds.”
L

LIQUIDITY
The measure of the ability to convert
an instrument to cash on a given date
at full face or par value.

LIQUIDITY RISK
The chance that a security, sold prior to
maturity, will be sold at a loss of value.

For a local agency, the liquidity risk of
an individual investment may not be as
critical as how the overall liquidity of
the portfolio allows the agency to meet
its cash needs.

LOCAL AGENCY

INVESTMENT FUND
A voluntary investment fund open
to government entities and certain
non-profit organizations in California
that is managed by the State
Treasurer’s Office.

LOCAL GOVERNMENT

INVESTMENT POOL (LGIP)
Investment pools that range from the
State Treasurer’s Office Local Agency
Investment Fund (LAIF) to county
pools, to Joint Powers Authorities
(JPAs). These funds are not subject
to the same SEC rules applicable to
money market mutual funds.

MARKET RISK
The chance that the value of a security
will decline as interest rates rise. In
general, as interest rates fall, prices of
fixed income securities rise. Similarly,
as interest rates rise, prices fall. Market
risk also is referred to as systematic
risk or risk that affects all securities
within an asset class similarly.

MARKET VALUE
The price at which a security is trading
and presumably could be purchased
or sold at a particular point
in time.

MATURITY
The date on which the principal or
stated value of an investment becomes
due and payable.

MEDIUM-TERM NOTE
Corporate or depository institution
debt securities meeting certain minimum
quality standards (as specified
in the California Government Code)
with a remaining maturity of five
years or less.

MONEY MARKET

MUTUAL FUNDS
MMF’s are mutual funds that invest
exclusively in short-term money
market instruments. MMF’s seek the
preservation of capital as a primary
goal while maintaining a high degree
of liquidity and providing income
representative of the market for short
term investments.

MORTGAGE BACKED SECURITIES
Mortgage-backed securities (MBS) are
created when a mortgagee or a purchaser
of residential real estate mortgages
creates a pool of mortgages and
markets undivided interests or participations
in the pool. MBS owners
receive a prorata share of the interest
and principal cash flows (net of fees)
that are “passed through” from the
pool of mortgages. MBS are complex
securities whose cash flow is determined
by the characteristics of the
mortgages that are pooled together.

Investors in MBS face prepayment
risk associated with the option of the
underlying mortgagors to pre-pay or

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payoff their mortgage. Most MBS are
issued and/or guaranteed by federal
agencies and instrumentalities (e.g.,
Government National Mortgage Association
(GNMA), Federal National
Mortgage Association (FNMA), and
Federal Home Loan Mortgage Corporation
(FHLMC)).

MORTGAGE PASS-THROUGH

OBLIGATIONS
Securities that are created when
residential mortgages (or other mortgages)
are pooled together and undivided
interests or participations in the
stream of revenues associated with the
mortgages are sold.

MUNICIPAL NOTES, BONDS, AND

OTHER OBLIGATIONS
Obligations issued by state and local
governments to finance capital and
operating expenses.

MUTUAL FUNDS
An investment company that pools
money and can invest in a variety of
securities, including fixed-income securities
and money market instruments.

NET ASSET VALUE
Net asset value (NAV) is a term used
in the mutual fund industry to determine
the average price per share of a
pool or mutual fund. How this measure
varies over time provides information
on whether the pool is stable
or variable. NAV is the market value
of all securities in a mutual fund,
less the value of the fund’s liabilities,
divided by the number of shares in
the fund outstanding. Shares of mutual
funds are purchased at the fund’s
offered NAV.

NET PRESENT VALUE
An amount that equates future cash
flows with their value in present terms.

NOTE
A written promise to pay a specified
amount to a certain entity on demand
or on a specified date. Usually bearing
a short-term maturity of a year or less
(though longer maturities are issued—
see “Medium-Term Note”).

OPTIONS
An option is a contract that gives
the buyer the right to buy or sell an
obligation at a specified price for
a specified time. Exchange Traded
Options are standardized option
contracts that are actively traded on
the Chicago Board of Exchange on a
daily basis whereas Over-the-Counter
Options are traded directly between
the buyer and seller at agreed upon
prices and conditions (the former
type of option is therefore more
liquid than the latter).

PAR AMOUNT OR PAR VALUE
The principal amount of a note or
bond which must be paid at maturity.

Par, also referred to as the “face
amount” of a security, is the principal
value stated on the face of the security.

A par bond is one sold at a price of
100 percent of its principal amount.

PORTFOLIO
Combined holding of more than one
stock, bond, commodity, real estate
investment, cash equivalent, or other
asset. The purpose of a portfolio is to
reduce risk by diversification.

PREMIUM
Premium means the difference between
the par value of a security and
the cost of the security, when the cost
is above par. Investors pay a premium
to purchase a security when the return
to the investor (yield) is lower than
the stated coupon (interest rate) on
the investment.

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PRICE
Price is the amount of monetary
consideration
required by a willing seller
and a willing buyer to sell an investment
on a particular date.

PRINCIPAL
The face value or par value of a debt
instrument, or the amount of capital
invested in a given security. PROSPECTUS
A legal document that must be provided
to any prospective purchaser
of a new securities offering registered
with the SEC that typically includes
information on the issuer, the issuer’s
business, the proposed use of proceeds,
the experience of the issuer’s
management, and certain certified
financial statements (also known as an
“official statement”).

PRUDENT INVESTOR STANDARD
A standard of conduct where a person
acts with care, skill, prudence,
and diligence when investing, reinvesting,
purchasing, acquiring,
exchanging, selling, and managing
funds. The test of whether the standard
is being met is if a prudent person
acting in such a situation would
engage in similar conduct to ensure
that investments safeguard principal
and maintain liquidity.

REPURCHASE AGREEMENTS
An agreement of one party (for example,
a financial institution) to sell
securities to a second party (such as a
local agency) and simultaneous agreement
by the first party to repurchase
the securities at a specified price from
the second party on demand or at a
specified date.

REVERSE REPURCHASE

AGREEMENTS
An agreement of one party (for example,
a financial institution) to
purchase securities at a specified price
from a second party (such as a public
agency) and a simultaneous agreement
by the first party to resell the securities
at a specified price to the second party
on demand or at a specified date.

RISK
The uncertainty of maintaining the
principal or interest associated with an
investment due to a variety of factors.

RULE G-37 OF THE

MUNICIPAL SECURITIES

RULEMAKING BOARD
Federal regulations to sever any connection
between the making of political
contributions and the awarding of
municipal securities business.

SAFEKEEPING SERVICE
Offers storage and protection of
assets provided by an institution serving
as an agent.

SAFETY
In the context of investing public
funds, safety relates to preserving
the principal of an investment in an
investment portfolio; local agencies
address the concerns of safety by
controlling
exposure to risks.

SECURITIES AND EXCHANGE

COMMISSION (SEC)
The federal agency responsible for
supervising and regulating the securities
industry.

SECURITIES LENDING

AGREEMENT
An agreement of one party (for
example, a local agency) to borrow
securities at a specified price from a
second party (for example, another
local agency) with a simultaneous
agreement by the first party to return
the security at a specified price to the
second party on demand or at a specified
date. These agreements generally

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are collateralized and involve a third

CALIFORNIA DEBT AND INVESTMENT

ADVISORY COMMISSION
party custodian to hold the securities
and collateral. Economically similar to
reverse repurchase agreement.

TAX AND REVENUE ANTICIPATION

NOTES (TRANS)
Notes issued in anticipation of receiving
tax proceeds or other revenues at a
future date.

TIME DEPOSITS
Time deposits are issued by depository
institutions against funds deposited for
a specified length of time. Time deposits
include instruments such as deposit
notes. They are distinct from certificates
of deposit (CDs) in that interest
payments on time deposits are calculated
in a manner similar to that of
corporate bonds whereas interest payments
on CDs are calculated similar to
that of money market instruments.

TRUSTEE, TRUST COMPANY OR

TRUST DEPARTMENT OF A BANK
A financial institution with powers
to act in a fiduciary capacity for the
benefit of the bondholders in enforcing
the terms of the bond contract.

UNDERWRITER
A dealer that purchases a new issue of
municipal securities for resale.

U.S. TREASURY OBLIGATIONS
Debt obligations of the U.S. Government
sold by the Treasury Department
in the forms of bills, notes, and
bonds. Bills are short-term obligations
that mature in one year or less and are
sold at a discount. Notes are obligations
that mature between one year
and ten years. Bonds are long-term
obligations that generally mature in
ten years or more.

WEIGHTED AVERAGE

MATURITY (WAM)
The average maturity of all the securities
that comprise a portfolio, typically
expressed in days or years.

Y
YIELD
The current rate of return on an
investment security generally expressed
as a percentage of the securities
current price.

YIELD CURVE
A graphic representation that shows
the relationship at a given point in
time between yields and maturity for
bonds that are identical in every way
except maturity.

ZERO-INTEREST BOND
A bond on which interest is not payable
until maturity (or earlier redemption),
but compounds periodically
to accumulate to a stated maturity
amount. Zero-interest bonds are typically
issued at a discount and repaid at
par upon maturity.

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APPENDIX B
Investment Policy
Broker/Dealer Questionnaire

1. Name of Firm:

2. Address:

3. Telephone:

4. Principal(s)/Manager(s)/Partner(s):

Name: Title:

5. Is Your Firm:

Broker? Yes No (a firm that does not own the securities being offered) Dealer? Yes No (a firm that owns a position in the securities being offered)

6. Year Founded:

7. Firm’s Total Volume of U.S. Government Securities Traded in Most Recent Fiscal Year:
$
Broker/Dealer Questionnaire

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8. Financial Instruments Most Regularly Offered:

9. References: (Public sector clients in the local geographical area are preferred):

Name: Title: Telephone:

Address:

Name: Title: Telephone:

Address:

Name: Title: Telephone:

Address:

10. Local Office and Representative assigned to the City of La Mesa account:

NOTE: Your firm must have an office in California (See 3.c of the Policy) Address:

Name: Title: Telephone:

11. Has any client sustained a loss on a securities transaction engendered from a misunderstanding or misrepresentation of the risk characteristic of the financial instrument?
Yes No
If Yes, please explain:

Broker/Dealer Questionnaire

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12. Has your firm, its employees, or local office been the subject of a state or federal investigation for alleged unfair, illegal, or fraudulent activities? Yes No
If Yes, please explain:

13. Please explain your usual custody or delivery process. Who audits these fiduciary systems?

14. Describe the capital line and trading limits imposed on the office that would service the account and conduct business with the City of La Mesa:

15. Please enclose recent audited financial statements and/or other indications of your firm’s capitalization.

16. Please describe the limits of insurance (Securities Investor Protection Corporation, excess SIPC, etc.) available:

17. Please provide proof of Financial Industry Regulatory Authority (FINRA) certification.

18. Please provide proof of registration with the State of California.

19. Please provide proof that your firm is qualified under SEC Rule 15C3-1 (Uniform Net Capital Rule).

Broker/Dealer Questionnaire

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20. What information do you require of the City of La Mesa?

21. What transaction documents can the City of La Mesa expect to receive from you?

22. Please confirm that you and your representatives have read and understand the City of La Mesa’s Investment Policy and are familiar with Government Code Sections 53600 et seq by signing below:

Name: Signature:

Title: Date:

Attach resumes of all persons receiving a copy of our investment policy.

Broker/Dealer Questionnaire

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APPENDIX C

Page 100 of 518 ends

Broker/Dealer Questionnaire

Page 1 ends

Broker/Dealer Questionnaire

1. Name of Firm:

2. Address:

3. Telephone:

4. Principal(s)/Manager(s)/Partner(s):

Name: Title:

5. Is Your Firm:

Broker? Yes No (a firm that does not own the securities being offered) Dealer? Yes No (a firm that owns a position in the securities being offered)

6. Year Founded:

7. Firm’s Total Volume of U.S. Government Securities Traded in Most Recent Fiscal Year:
$

8. Financial Instruments Most Regularly Offered:

9. References: (Public sector clients in the local geographical area are preferred):

Name: Title: Telephone:

Multi-Bank Securities, Inc.
1000 Town Center, Suite 2300
Southfield, MI 48075
(800) 967-9045
1987
442-265-1253
Treasury bills, Treasury strips, Treasury notes/bonds, agencies (Fannie Mae, Freddie Mac, Farmer Mac, FHLB, FFCB, IBRD), municipal bonds, CDs, CMOs, asset-backed securities, medium-term corporate notes and bonds, discount notes, taxable and tax-exempt municipal bonds, supranationals and commercial paper.

We are a regional broker-dealer
Senior Vice President, Sales
X
220 billion Treasurer Darryl Maccagnone Suzanne Bermudez

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Broker/Dealer Questionnaire

Page 2 ends

Address:

Name: Title: Telephone:

Address:

Name: Title: Telephone:

Address:

10. Local Office and Representative assigned to the City of La Mesa account:

NOTE: Your firm must have an office in California (See 3.c of the Policy) Address:

Name: Title: Telephone:

12. Has your firm, its employees, or local office been the subject of a state or federal investigation for alleged unfair, illegal, or fraudulent activities? Yes No
If Yes, please explain:

13. Please explain your usual custody or delivery process. Who audits these fiduciary systems?
Peter Yanez
We understand the importance of safekeeping your investments and have chosen Pershing LLC (Pershing), a BNY Mellon company, to provide a full range of clearing and settlement services. As an introducing broker to Pershing, Multi-Bank Securities, Inc. (MBS) does not handle your money or securities, as recommended by GFOA. Instead, it is placed in your account with Pershing. As required, Pershing segregates investor assets, which are fully paid for, from its own assets. Therefore, in the unlikely event of the financial failure of Pershing, investors’ fully paid-for assets will remain separate from Pershing’s own assets. 940 W Main St. Suite 105, El Centro, CA 92243 Vivia Arellano Treasurer 760-482-3649 333 E. Barioni Blvd, Imperial, CA 92251 Kevin McCarthy Finance Director 760-776-0235 44950 Eldorado Drive, Indian Wells, CA 92210 5000 Birch Street, Suite 3000 - West Tower, Newport Beach, CA 92660 Vice President, Fixed Income (855) 928-0111 X
See attached.

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Broker/Dealer Questionnaire

Page 3 ends

14. Describe the capital line and trading limits imposed on the office that would service the account and conduct business with the City of La Mesa:

15. Please enclose recent audited financial statements and/or other indications of your firm’s capitalization.

16. Please describe the limits of insurance (Securities Investor Protection Corporation, excess SIPC, etc.) available:

17. Please provide proof of Financial Industry Regulatory Authority (FINRA) certification.

See attached

18. Please provide proof of registration with the State of California.

See attached

19. Please provide proof that your firm is qualified under SEC Rule 15C3-1 (Uniform Net Capital Rule).

See attached.

20. What information do you require of the City of La Mesa?

21. What transaction documents can the City of La Mesa expect to receive from you?

22. Please confirm that you and your representatives have read and understand the City of La Mesa’s Investment Policy and are familiar with Government Code Sections 53600 et seq by signing below:

Name: Signature:

Title: Date: 07/18/2024
Multi-Bank Securities, Inc. makes every effort to ensure that any security discussed with a municipality is a suitable investment for that municipality. Precautions are taken to protect client funds with sound investment decisions, investor education, and strict adherence to the investment policies of the client. We accomplish this by thoroughly reviewing the corresponding state’s investment guidelines as well as those of the municipality interested in placing the trade. Where no bond proceeds are being invested, we recommend only those securities deemed to be suitable and match our client’s investment objectives. Where bond proceeds are being invested and no exemption is available, we will provide competitive pricing. In this situation, our clients are implementing their own investment strategy and are not relying upon any advice nor are they receiving any recommendation from MBS.

See attached.

No portfolio information is required to open an MBS account or maintain an account with us.

However, to take full advantage of our portfolio analytic tools, we would like all of your portfolio information.

In addition to SIPC protection, MBS's clearing firm, Pershing LLC, a BNY Mellon company, provides coverage in excess of SIPC limits from certain underwriters at the Lloyd’s of London insurance market, in conjunction with another commercial insurance company. The excess of SIPC insurance program is valid through Dec.1, 2024.

Monthly reporting will be provided by our clearing firm. The monthly report will be available two business days after the end of the month. The report will include a summary of the activity for the month, as well as position descriptions, market values, interest accruals and annual cash flow projections. These reports will be provided free of charge. Reporting will be provided in hard copy and online through our secure website. Access to your account is for your convenience and available 24/7.

Peter Yanez Vice President, Fixed Income

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Address
Website
1000 Town Center, Suite 2300
Southfield, Michigan 48075
www.mbssecurities.com
Phone
Fax
(800) 967-9045
(248) 291-1100
(248) 291-1101
Member of FINRA & SIPC; MSRB Registered.

Proudly Veteran-Owned!
Municipal Entities: Before we engage in a relationship with you, we need to gather some information, collect some documents and explain some possible restrictions. To learn more, please scan the QR code or visit our website at www.mbssecurities.com/municipal-entity-disclosure.

Dear Multi-Bank Securities, Inc. Client,
Thank you for performing your due diligence on Multi-Bank Securities, Inc. (MBS). We understand that this is a crucial part of building a trusting relationship with your broker, and we are more than happy to provide a response concerning your finding(s).

There are four items on our BrokerCheck report we would like to further explain.

The first incident was initiated by the State of Alabama on June 16, 1994. The incident occurred when MBS submitted a broker-dealer application to the State and incorrectly filled out the paperwork in the process. MBS paid a small fine, and Alabama vacated the denial order following the paperwork corrections.

The second incident was initiated by the Vermont Securities Division on June 12, 1997. MBS was cited for transacting business as an unregistered broker-dealer in Vermont. We paid a small fine, became registered in the State of Vermont and conduct business there today.

In the third incident, as the result of a sweep, FINRA found that our Firm failed to accurately report to TRACE certain inter-dealer transactions in a timely manner.

The citation states,
“Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report the correct time of trade execution for transactions in Trade Reporting and Compliance Engine (TRACE)-eligible securitized products within 15 minutes of the time of execution to TRACE; and failed to show the correct time of execution on the memorandum of brokerage orders.” MBS paid a small fine without admitting or denying the facts as presented, and will continue to do business in the market of fixed-income securities. To prevent future events like this, we made changes to our supervisory policies and procedures to reduce redundant supervisory reviews. We reviewed and continue to review our inter-dealer relationships to ensure that trade times are reported, and to ensure that both parties contractually understand and agree to each transaction prior to creating a TRACE reporting obligation.

Finally, as a result of our 2014 and 2016 regular cycle examinations, FINRA took the position that during a specific period of time, on a specific form, there was language that could be potentially confusing to some municipal entities with respect to the capacity in which the Firm would be acting relative to the Municipal Advisor Rule. Additionally, FINRA took the position that the Firm’s Risk Management Controls outside of the Written Supervisory Procedures caused the Written Supervisory Procedures to be inadequate, and that the Firm needed to make specific reference to a particular rule during the annual CEO certification of compliance systems and controls.

We are proud of our customer compliance record and will continue to provide you the best in customer service.

We thank you again for the opportunity to provide you with additional details. Should you have any questions or concerns, I can be reached directly at 1-800-967-9008, or by email at [email protected].

Sincerely,
Merlin Elsner
Chief Compliance Officer
Multi-Bank Securities, Inc.

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Anthony L. Carnaghi, CPA
Douglas W. Schwark, CPA
Carn aghi & Sc hwark, PLLC

CERTIFIED PUBLIC ACCOUNTANTS

PRIMA PROFESSIONAL PLAZA
39425 GARFIELD RD, SUITE 25
CLINTON TOWNSHIP, MICHIGAN 48038
(586) 779-8010
FAX (586) 317-6135

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Board of Directors and Stockholder ofMulti-Bank Securities, Inc.

Southfield, Michigan
Opinion on the Financial Statement
We have audited the accompanying statement offinancial condition ofMulti-Bank Securities, Inc. as of December 31, 2023, and the related notes to the financial statements. In our opinion, the statement presents fairly, in all material respects, the financial position of Multi-Bank Securities, Inc. as ofDecember 31, 2023 in conformity with accounting principles generally accepted in the United States ofAmerica.

Basis for Opinion
This financial statement is the responsibility of Multi-Bank Securities, Inc.'s management. Our responsibility is to express an opinion on Multi-Bank Securities Inc.'s financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Multi-Bank Securities, Inc. in accordancewith the U.S. federalsecurities laws and the applicable rules and regulations ofthe Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards ofthe PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

We have served as Multi-Bank Securities, Inc. 's auditor since 1989.

Clinton Township, Michigan
February 22, 2024

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-+.+/012345466789:;<7=<=7>=?53=@A7;BCAD;EFGH1IJ42KLMNF31H1MLO12N5 +, Page 143 of 518 DATE: August 13, 2024
TO: Mayor and Members of the City Council
FROM: Tammi Royales, Director of Finance
VIA: Greg Humora, City Manager
SUBJECT: 2024-2025 PROPOSITION D PROPERTY TAX LEVY
Adoption of the attached resolution establishes the City of La Mesa’s General Obligation Refunding Bonds Series 2016 (Fire, Police and Emergency Services Measure) property tax levy rate for the fiscal year 2024-2025. This levy is necessary to collect property taxes to be used to make debt service payments on the bonds issued in accordance with the $21.825 million of refunding bonds authorized by the City on October 25, 2016.

These General Obligation Refunding Bonds were used to refund the $25 million of authorization approved by the voters on March 2, 2004 (Proposition D – Fire, Police and Emergency Services Bond Measure).

Local secured assessed valuation in La Mesa has increased about 4% in fiscal year 2024-2025 over the prior fiscal year. The increase in secured assessed valuation combined with the savings achieved through the 2016 refunding allows the levy rate to remain at $15 per $100,000 of assessed valuation while continuing to meet the established debt service payment amounts and maintain reserves in accordance with the bond covenants.

Once adopted, the resolution must be filed with the County of San Diego by August 31, 2024. The tax rate will be used for calculation of 2024-2025 property taxes. La Mesa property owners should receive their property tax statements from the San Diego County Treasurer-Tax Collector in late September or early October.

Attachments: A. Calculation of the Property Tax Rate for 2024-2025 B Resolution establishing the property tax rate for bonded indebtedness for fiscal year 2024-2025

Page 144 of 518 ends

Row 1. Calculate 2024-25 Net Taxable Assessed Valuations 1 2024-25 taxable secured assessed valuation of the City (a): $9,933,752,026.00 Delinquency Factor
2 Less: delinquency factor shown at right (Non-Teeter City) (b) 3.00% $298,012,560.78 3 Equals: 2024-25 net taxable secured assessed valuation of the City (a): $9,635,739,465.22 4 2024-25 taxable unsecured assessed valuation of the City (a): $164,902,507.00 Delinquency Factor
5 Less: delinquency factor shown at right (Non-Teeter City) (b) 5.00% $8,245,125.35 6 Equals: 2024-25 net taxable unsecured assessed valuation of the City: $156,657,381.65

2. Calculate 2024-25 Net Requirement for Secured Property 7 2023-24 secured tax rate (c) $0.015000
8 2024-25 revenue from unsecured taxable property based on 2023-24 secured tax rate $23,498.61 9 2024-25 semi-annual debt service requirements (d):

February 1, 2025: $308,100.00
August 1, 2025: $1,303,100.00
10 Total 2024-25 annual debt service requirement: $1,611,200.00 11 Net requirement for secured taxable property after considering revenues from unsecured property $1,587,701.39

3. Calculate 2024-25 Secured Tax Rate per $100 of Secured Assessed Value 12 Net balance of property tax revenue from 2023-24 levy (Approximate) (a): $4,121,836.00 13 Interest earnings (Approximate) (a): Included in net balance 14 Less: 2016 Refunding debt service payment due on August 1, 2024 (d): ($1,276,725.00) 16 Total (Net balance of funds on-hand including interest earnings) $2,845,111.00 17 Net 2024-25 debt service requirement for secured property after considering 2023-24 balance ($1,257,409.61) 18 Calculated 2024-25 secured tax rate per $100 of secured assessed value $0.000000

4. Determine City's 2024-25 Tax Rate and Resultant Revenue Balance After 8/1/2025 Debt Service Payment 19 City's desired tax rate per $100 of secured assessed value (a): $0.015000 Total property tax levy in 2024-25 for payment of bond debt service 20 Secured property $1,445,360.92
21 Unsecured property $23,498.61
22 Total $1,468,859.53
23 Tax revenues received in December 2024 (1/2 of total levy) $734,429.76 24 Plus funds on hand (from balance and interest earnings) $2,845,111.00 25 Available revenue for debt service payment due February 1, 2025 $3,579,540.76 26 Less: Debt service payment due on February 1, 2025 (d) ($308,100.00) 27 Revenue balance after debt service payment on February 1, 2025 $3,271,440.76 28 Tax revenues received in April 2025 (1/2 of total levy) $734,429.76 29 Plus funds on hand (from revenue balance after February 1, 2025 debt payment) $3,271,440.76 30 Available revenue for debt service payment due August 1, 2025 $4,005,870.53 31 Less: 2016 Refunding debt service payment due on August 1, 2025 (d): ($1,303,100.00) 33 Revenue balance after debt service payment on August 1, 2025 $2,702,770.53 Sources:
(a) City of La Mesa
(b) County of San Diego Assessor's Office & Recorder/County Clerk's Office (c) County of San Diego Auditor & Controller's Office
(d) Official Statement Prepared By:

See Page 3 for disclosures.

CALCULATION OF PROPERTY TAX RATE FOR 2024-25
City of La Mesa
2016 General Obligation Refunding Bonds
July 17, 2024
1 Page 145 of 518
RESOLUTION NO. 2024-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA MESA,

CALIFORNIA, ESTABLISHING THE PROPERTY TAX RATE FOR BONDED INDEBTEDNESS FOR FISCAL YEAR 2024-2025
________________________________________________________________ WHEREAS, the City Council of the City of La Mesa desires to establish the rate of property tax required to generate an amount of revenue from the tax base to provide sufficient moneys to pay debt service on the voter approved bonded indebtedness payable during the fiscal year ending June 30, 2025; and
WHEREAS, the total net taxable secured assessed valuation of the City of La Mesa is now estimated at $9,635,739,465 full value.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Mesa that the property tax rate within the City for the City of La Mesa General Obligation Refunding Bonds, Series 2016 (Fire, Police, and Emergency Services Measure) for the fiscal year ending June 30, 2025 be and hereby is established at $0.015000 per $100 assessed value.

BE IT FURTHER RESOLVED that the City Manager and the Director of Finance are each hereby directed and authorized to take any and all actions necessary to ensure that such property tax rate is enrolled with the County of San Diego County Auditor and Controller.

PASSED AND ADOPTED at a Regular meeting of the City Council of the City of La Mesa, California, held the 13th day of August 2024, by the following vote, to wit:

AYES:

NOES:

ABSENT:

CERTIFICATE OF CITY CLERK
I, MEGAN WIEGELMAN, City Clerk of the City of La Mesa, California, do hereby certify the foregoing to be a true and exact copy of Resolution No. 2024-________, duly passed and adopted by the City Council of said City on the date and by the vote therein recited.

MEGAN WIEGELMAN, CMC, City Clerk
(SEAL OF CITY)

Page 146 of 518 ends

REPORT to the MAYOR and MEMBERS of the CITY COUNCIL
From the CITY MANAGER
DATE: August 13, 2024
SUBJECT: AMENDMENT TO FISCAL YEAR 2024-25

COMPENSATION PLAN
DESCRIPTION: RESOLUTION APPROVING ADJUSTMENTS TO THE
FY 2024-25 COMPENSATION PLAN TO REFLECT

ADJUSTMENTS TO FIRE MANAGEMENT AND

PROFESSIONAL STANDARDS UNIT ASSISTANT

CLASSIFICATION
ISSUING DEPARTMENT: Human Resources
SUMMARY:

Issues:

Should the City Council adopt the attached resolution approving salary adjustments to the Compensation Plan for FY 2024-25 for Fire Management staff and the Professional Standards Unit Assistant classification? Recommendation:

The City Council adopt the attached resolution approving salary adjustments in the FY 2024-25 Compensation Plan for Fire Management staff and the Professional Standards Unit Assistant position.

Fiscal Impact:

The proposed salary adjustment to Fire Management staff is reflected in the FY 2024-25 adopted budget. The maximum annual fiscal impact for the Professional Standards Unit Assistant is $20,446.

Page 147 of 518 ends

Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 2 of 3
City’s Strategic Goals:
 Nurture an organizational culture where employees are recognized for the delivery of high-quality services to the community.
 Ensure a strong financial outlook through careful planning, sustainable service levels, and fiscal sustainability.

DISCUSSION:

Fire Management: On June 23, 2023, the City Council of the City of La Mesa approved the 2023-2027 Memoranda of Understanding for Heartland Firefighters of La Mesa Local #4759 (Fire MOU) and included in the fiscal impact of the staff report the same salary adjustments for Fire Management employees as the Fire MOU salary adjustments; however, the adopted resolution did not include the Fire Management compensation adjustments for FY 2025.

On June 25, 2024, the City Council of the City of La Mesa approved the Compensation Plan for Fiscal Year 2024-25, with Fire Management staff receiving the same 3.5% salary increase as non-safety management staff.

The proposed resolution adopts the same negotiated Fire MOU salary adjustments to Fire Management for FY 2025. Effective the first full pay period in Fiscal Year 2025, the Fire MOU included a five percent increase for represented Fire staff. This proposed resolution would apply the same salary increase to Fire Management staff (Fire Chief, Deputy Fire Chief, Division Fire Chief, and Fire Marshal). Because Fire Management staff received the 3.5% salary increase that other non-safety management staff effective July 5, 2024, this proposed adjustment would increase the salary of Fire Management staff

1.5% above the current adopted FY 2025 compensation plan.

Professional Standards Unit Assistant Classification: On June 11, 2024, the City Council of the City of La Mesa approved the addition of a new classification, Professional Standards Unit Assistant in the Police Department as a result of the recommendation of a police staffing study. The new classification was approved at the annual salary range of $59,717 - $75,130 and will manage the body worn camera program, compliance reporting, and assist the sergeant in the Professional Standards Unit. The position has not been filled yet.

Staff recommends adjusting the annual salary range of the Professional Standards Unit Assistant to $73,050 - $95,576 to more closely align the position to its job duties and qualifications required.

Page 148 of 518 ends

Report to Mayor and Councilmembers
Date: August 13, 2024
Page: 3 of 3
Reviewed by: Respectfully submitted by:
____________________ ____________________________
Greg Humora Gretchen Spaniol
City Manager Director of Human Resources
Attachments:

A. Resolution approving the salary adjustments to the City of La Mesa Compensation Plan for FY 2024-25 for Fire Management staff and the Professional Standards Unit Assistant classification, effective the first full pay period of Fiscal Year 2024-25.

Page 149 of 518 ends

ATTACHMENT A
RESOLUTION NO. 2024-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA MESA
APPROVING SALARY ADJUSTMENTS TO THE FISCAL YEAR 2024-25

COMPENSATION PLAN FOR FIRE MANAGEMENT STAFF AND THE
PROFESSIONAL STANDARDS UNIT ASSISTANT CLASSIFICATION.

WHEREAS, the City of La Mesa is a general law city which derives its power from state law and uses State Governmental Code to enumerate the City’s powers and form of government.

The City of La Mesa employs a Council-Manager form of government. In this arrangement, the City Council is responsible for determining policy, and the City Manager ensures that such policy is implemented; and
WHEREAS, California Government Code Section 20636 and California Code of Regulations Section 570.5 require California Public Employee Retirement System member agencies to maintain and publicly post publicly available pay schedules.

NOW, THEREFORE, BE IT AND IT IS HEREBY RESOLVED by the City Council of the City of La Mesa, California, as follows:

1. On June 23, 2023, the City Council of the City of La Mesa approved the 2023-2027 Memoranda of Understanding for Heartland Firefighters of La Mesa Local #4759 (Fire MOU) and included in the fiscal impact of the staff report the same salary adjustments for Fire Management employees as the Fire MOU salary adjustments; however, the adopted resolution did not include the Fire Management compensation adjustments;

2. On June 25, 2024, the City Council of the City of La Mesa approved the Compensation Plan for Fiscal Year 2024-25, to reflect the salary ranges and pay steps per the terms of the 2024-2027 Memorandum of Understanding between the City of La Mesa and the La Mesa Police Officers’ Association, salary adjustments for Police Management (sworn), salary adjustments previously approved in Memoranda of Understanding for La Mesa City Employees Association and Heartland Firefighters of La Mesa Local #4759, as well as approved compensation plans for unrepresented (non-sworn) employees.

3. On June 11, 2023, the City Council of the City of La Mesa approved the addition of a new classification, Professional Standards Unit Assistant in the Police Department at the annual salary range of $59,717 - $75,130.

4. This resolution adopts the salary adjustments for Fire Management to align with the Fire MOU and adjusts the salary range of the Professional Standards Unit Assistant classification to more closely align with the job duties and qualifications required with annual salary of $73,050 - $95,576;

5. The salary adjustments reflected in this resolution will be effective the first full pay period of Fiscal Year 2024-25;

6. The compensation for all City of La Mesa employees as set forth and prescribed

Page 150 of 518 ends

in the City of La Mesa Compensation Plan for Fiscal Year 2024-25, listing classifications, salary ranges/bands, and pay steps is hereby approved and accepted. A copy of said compensation plan is attached hereto and made part of hereof by reference, as though the same were set forth in full herein.

BE IT FURTHER RESOLVED the position listings, salary ranges/bands, and pay steps as set forth in the City of La Mesa Compensation Plan for Fiscal Year 2024-25 shall be in full force and effect.

PASSED AND ADOPTED at a Regular meeting of the City Council of the City of La Mesa, California, held the 13th day of August 2024, by the following vote, to wit:

AYES:

NOES:

ABSENT:

Page 151 of 518 ends

MEGAN WIEGELMAN, CMC, City Clerk
(SEAL OF CITY)

Page 152 of 518 ends

Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly City Councilmember 5.77 1,000 Elected 1084 9410 2
City Treasurer 3.34 579 Elected 1090 8810 1Mayor 11.54 2,000 Elected 1234 9410 3 Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Accounting Technician - Confidential 5,508 31.78 5,783 33.36 6,072 35.03 6,376 36.78 6,695 38.63 7,030 40.56 7,206 41.57 Conf 1000 8810 35 Administrative Analyst I - Confidential 5,807 33.50 6,097 35.18 6,402 36.93 6,722 38.78 7,058 40.72 7,411 42.76 7,596 43.82 Conf 1003 8810 46Administrative Analyst II - Confidential 6,392 36.88 6,712 38.72 7,048 40.66 7,400 42.69 7,770 44.83 8,159 47.07 8,363 48.25 Conf 1006 8810 3Administrative Coordinator -Confidential 5,151 29.72 5,409 31.21 5,679 32.76 5,963 34.40 6,261 36.12 6,574 37.93 6,738 38.87 Conf 1009 8810 6Executive Assistant to the City Manager 6,092 35.15 6,397 36.91 6,717 38.75 7,053 40.69 7,406 42.73 7,776 44.86 7,970 45.98 Conf 1012 8810 33Human Resources Analyst 6,776 39.09 7,115 41.05 7,471 43.10 7,845 45.26 8,237 47.52 8,649 49.90 8,865 51.14 Conf 1015 8810 21Human Resources Assistant 3,975 22.93 4,174 24.08 4,383 25.29 4,602 26.55 4,832 27.88 5,074 29.27 5,201 30.01 Conf 1018 8810 35Human Resources Technician 5,271 30.41 5,535 31.93 5,812 33.53 6,103 35.21 6,408 36.97 6,728 38.82 6,896 39.78 Conf 1021 8810 46 Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Assistant City Manager 15,414 88.93 93.38 16,185 16,994 98.04 17,844 102.95 108.09 18,736 NS Mgmt 1036 9410 Assistant Director of Community Development 11,661 67.28 70.64 12,244 12,856 74.17 13,499 77.88 81.77 14,174 NS Mgmt 1146 9410Assistant Director of Public Works 11,661 67.28 70.64 12,244 12,856 74.17 13,499 77.88 81.77 14,174 NS Mgmt 1145 9410Assistant to the City Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1037 9410Building Inspection Supervisor 8,232 47.49 49.87 8,644 9,076 52.36 9,530 54.98 57.73 10,007 NS Mgmt 1055 9410Building Official 11,455 66.09 69.39 12,028 12,629 72.86 13,260 76.50 80.33 13,923 NS Mgmt 1069 9410City Attorney 139.57 24,192 NS Mgmt 1078 8810City Clerk 10,353 59.73 62.72 10,871 11,415 65.86 11,986 69.15 72.61 12,585 NS Mgmt 1081 8810City Engineer 11,661 67.28 70.64 12,244 12,856 74.17 13,499 77.88 81.77 14,174 NS Mgmt 1086 9410City Manager 132.09 22,896 NS Mgmt 1087 9410Communications Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1106 8810Community Services Manager 8,315 47.97 50.37 8,731 9,168 52.89 9,626 55.53 58.31 10,107 NS Mgmt 1140 9410 Range #
City of La Mesa
Compensation Plan - Elected Officials FY 2024-2025
EFFECTIVE: 7/5/24, AS AMENDED & APPROVED on 6/25/2024
City of La Mesa
Compensation Plan - Confidential Staff FY 2024-2025
EFFECTIVE: 7/5/24, AS AMENDED & APPROVED on 6/25/2024
City of La Mesa
Compensation Plan - Management Groups FY 2024-2025
EFFECTIVE: 7/5/24, AS AMENDED & APPROVED on 6/25/2024; Fire Management adjustments approved 8/13/2024 Step E Step F Step G
Payroll Group Class Code WC Code
Salary Established by ContractSalary Established by Contract Class Title
Step A Step B Step C Step D
Class Title
Step A Step B Step C Step D
Salary established by ordinance - rev 12/06Salary established by ordinance - rev 12/06 Salary established by ordinance
Range #
Step E Step F Step G
Payroll Group Class Code WC Code
Class Title
Step A Step B Step C Step D
Range #
Step E Step F Step G
Payroll Group Class Code WC Code

Page 153 of 518 ends

Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Monthly Hourly Class Title
Step A Step B Step C Step D
Range #
Step E Step F Step G
Payroll Group Class Code WC Code
Deputy Fire Chief 14,425 83.22 87.38 15,146 15,903 91.75 16,698 96.33 101.15 17,533 NS Mgmt 1178 7706Director of Community Development 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1138 9410Director of Community Services 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1141 9410Director of Finance 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1142 9410Director of Human Resources 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1151 9410Director of Public Works 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1143 9410Director of Public Works / CityEngineer 13,638 78.68 82.62 14,320 15,036 86.75 15,788 91.08 95.64 16,577 NS Mgmt 1144 9410Engineering Project Manager 9,864 56.91 59.75 10,357 10,875 62.74 11,419 65.88 69.17 11,990 NS Mgmt 1153 9410Environmental Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1158 9420Finance Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1172 8810Fire Chief 16,787 96.85 101.69 17,626 18,507 106.77 19,432 112.11 117.72 20,404 FIRE Mgmt 1177 7706Fire Division Chief 12,681 73.16 76.82 13,315 13,981 80.66 14,680 84.69 88.93 15,414 FIRE Mgmt 1180 7706Fire Marshal 11,622 67.05 70.40 12,203 12,813 73.92 13,454 77.62 81.50 14,127 NS Mgmt 1183 9410Human Resources Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1201 8810Human Resources/Risk Manager 10,740 61.96 65.06 11,277 11,841 68.31 12,433 71.73 75.32 13,055 NS Mgmt 1200 8810Information Technology Manager 9,760 56.31 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1207 9410Management Analyst 6,943 40.06 42.06 7,290 7,655 44.16 8,038 46.37 48.69 8,440 NS Mgmt 1231 8810Police Captain 15,557 89.75 94.24 16,335 17,152 98.95 18,010 103.90 109.10 18,911 Police Mgmt 1267 7720Police Chief 18,570 107.13 112.49 19,499 20,474 118.12 21,498 124.03 130.23 22,573 Police Mgmt 1270 7720Police Lieutenant 13,492 77.84 81.73 14,167 14,875 85.82 15,619 90.11 94.62 16,400 Police Mgmt 1279 7720Police Services Manager 56.31 9,760 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1290 9410Public Works Operations Manager 46.07 7,986 48.38 8,385 8,804 50.79 9,244 53.33 56.00 9,706 NS Mgmt 1314 9420Purchasing Officer 46.07 7,986 48.38 8,385 8,804 50.79 9,244 53.33 56.00 9,706 NS Mgmt 1315 8810Records & Elections Manager 49.93 8,655 52.43 9,088 9,542 55.05 10,019 57.80 60.69 10,520 NS Mgmt 1318 8810Risk Manager 56.31 9,760 59.12 10,248 10,760 62.08 11,298 65.18 68.44 11,863 NS Mgmt 1333 9410Senior Accountant 46.07 7,986 48.38 8,385 8,804 50.79 9,244 53.33 56.00 9,706 NS Mgmt 1342 8810Senior Management Analyst 46.07 7,986 48.38 8,385 8,804 50.79 9,244 53.33 56.00 9,706 NS Mgmt 1348 8810Senior Planner 54.88 9,512 57.62 9,988 10,487 60.50 11,011 63.53 66.70 11,562 NS Mgmt 1351 9410Superintendent of Public Works 51.53 8,932 54.11 9,379 9,848 56.82 10,340 59.65 62.64 10,857 NS Mgmt 1357 9420

Page 154 of 518 ends

REPORT to the MAYOR and MEMBERS of the CITY COUNCIL
From the CITY MANAGER
DATE: August 13, 2024
SUBJECT: RESOLUTION APPROVING LA MESA POLICE

DEPARTMENT PARTICIPATION IN THE OPERATION

STONEGARDEN GRANT
ISSUING DEPARTMENT: POLICE
SUMMARY:

Issues:

1. Should the City Council approve the Police Department’s participation with the San Diego Sheriff’s Department (SDSD) in the Operation Stonegarden Grant for the reimbursement of expenses related to enforcement of regional crime with a border nexus?

2. Should the City Council authorize the Chief of Police to sign a Memorandum of Agreement (MOA) with the San Diego Sheriff’s Department for the Operation Stonegarden Grant, which will reimburse personnel overtime and equipment expenses related to enforcement of regional crime with a border nexus? Recommendation:

Staff recommends that the City Council:

1. Approve the Police Department’s participation with the San Diego Sheriff’s Department for the Operation Stonegarden Grant, which will reimburse expenses related to the enforcement of regional crime with a border nexus.

2. Authorize the Chief of Police to sign a MOA with the San Diego Sheriff’s Department for the Operation Stonegarden Grant, which will reimburse personnel overtime and equipment expenses related to the enforcement of regional crime with a border nexus.

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Fiscal Impact:

There will be no fiscal impact for the City of La Mesa. This grant will allow the Police Department to receive full reimbursement for the cost of all overtime, fringe benefits, vehicle mileage, and equipment up to $361,000 within the context of the grant.

City’s Strategic Goals:
 Maintain a community where residents and visitors feel safe.  Promote a high quality of life that current and future generations can afford to call home.

BACKGROUND:

Operation Stonegarden was established by the United States Department of Homeland Security in 2005. The intent of this grant is to enhance cooperation and coordination among federal, state, tribal, and local law enforcement in an effort to reduce borderrelated state crimes. The Stonegarden grant is designed to address crime and is not related to immigration enforcement (MOA Section 4.2). The La Mesa Police Department shall comply with the California Values Act (SB 54) and department policy when conducting Stonegarden Operations. This is a competitive grant sponsored by the State Homeland Security Program (SHSP), awarding over eight million dollars toward combating border-related violence within California.

DISCUSSION:

As discussed above, the grant funding will be up to $361,000. The reimbursements will consist of up to $161,000 for approved equipment funding. The operational funding consists of up to $180,020 in operation overtime, $13,772 for fringe benefits, and $6,208 for mileage costs. The above listed approved equipment funding, up to $161,000, will be used for the purchase of a marked and fully outfitted police Patrol vehicle. To remain consistent with the City’s Climate Action Plan, the Patrol vehicle will be a Ford Explorer (Police Interceptor) Hybrid vehicle.

La Mesa has three major freeways running through it with multiple on and off ramps. It also has several trolley stations that are directly linked to the US/Mexico border. These transportation corridors have the potential to bring border-related crime (drug smuggling and human trafficking) into the surrounding areas, including La Mesa.

This grant would allow officers, detectives, dispatchers, and sergeants from the Police Department to work with other police personnel throughout the County on reimbursable

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overtime to address border-related criminal activity, which affects La Mesa and the entire county. The majority of the operations funded for La Mesa Police personnel will take place within and/or surrounding areas of the City of La Mesa. Most other San Diego County police agencies also participate with the SDSD on this grant. Staffing Operation Stonegarden will be on an overtime basis only and will not affect the normal daily operations within the Police Department.

This grant process involves each local agency submitting their overtime requests to the SDSD. The Sheriff’s Department will forward the San Diego County request to the State Administrative Agency (SAA), who will then submit the reimbursement request to the Federal Emergency Management Agency (FEMA).

On grant overtime, La Mesa Police personnel would typically work with SDSD and other allied local, state, and federal agency personnel conducting activities similar to:
 High visibility enforcement and traffic stop activity in high-intensity drug trafficking areas within the region.
 Offer ground support for aerial flights during the day and night.  High visibility criminal interdiction and/or covert interdiction operations.  Specific operations targeting urban and rural areas of San Diego County.

All overtime will be reimbursed up to $180,020, including an additional $13,772 for personnel fringe benefits.

The equipment purchased through this grant will consist of a fully outfitted, marked Patrol vehicle. The purpose of purchasing this additional vehicle is to ensure that the scheduling of grant enforcement operations does not negatively impact the readiness of our regular Patrol and enforcement operations. When not being utilized for Stonegarden grant operations, this vehicle may be used for normal Police operations. Consistent with the City’s Climate Action Plan, the grant-funded vehicle will be a Hybrid to minimize the impact of emissions on the environment. Once this additional vehicle is purchased and outfitted, it will become part of the Police Department vehicle fleet. For this reason, the City’s Public Works/Fleet Division was consulted about the impact this additional vehicle will have on their workflow. The City will be able to apply the granted $6,208 for mileage costs under this grant to help mitigate maintenance expenditures for the additional vehicle.

CONCLUSION:

Staff recommends that the City Council approve the Police Department’s participation and entry into an MOA with the San Diego Sheriff’s Department for the Operation

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Stonegarden Grant, which will reimburse expenses related to addressing regional crime with a border nexus.

Staff Reference: Lieutenant Matthew Conlon
Reviewed by: Respectfully submitted by:
____________________ ________________________
Greg Humora Ray Sweeney
City Manager Chief of Police
Attachments: A. FY 2023 OPSG Budget Worksheet (Exhibit A) B. FY2023 Standard Assurances (Exhibit B)
C. 2023 OPSG Required Federal Grant Provisions (Exhibit C) D. 2023 OPSG Byrd Anti-Lobbying Certification Form (Exhibit D) E. FY2023 OPSG Memorandum of Agreement
F. Resolution

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EXHIBIT A
FY 2023 OPERATION STONEGARDENANNUAL BUDGET WORKSHEET

SUMMARY

A B C D E FGH I
AGENCY NAME Operational OT Fringe Benefits Vehicle/Vessel Maint Equip Maint New/Replace Equip Fuel Costs Mileage Flight Costs M&A TOTAL San Diego County Sheriff's Department 186,132 2,762,561 - 70,710 754,400 - 348,444 54,743 399,061 4,576,051Chula Vista Police Department 2,573 177,427 - - - - - - - 180,000El Cajon Police Department 5,527 138,392 - - 80,333 - 6,081 - - 230,333Escondido Police Department - 10,000 - - - - - - - 10,000La Mesa Police Department 13,772 180,020 - - 161,000 - 6,208 - - 361,000Oceanside Police Department 1,963 135,384 22,406 - - 40,247 - - - 200,000San Diego Harbor Police Department 5,077 41,313 - - 230,000 22,464 1,146 - - 300,000Sycuan Tribal Police Department 136 9,360 - - - - 504 - - 10,000University of California San Diego Police Department 237 9,135 - - - - 628 - - 10,000Orange County Sheriff’s Department 31,984 310,828 26,305 - - 26,640 4,243 - - 400,000San Luis Obispo County Sheriff's Office 13,816 88,279 3,669 1,476 33,000 4,125 10,935 2,700 - 158,000Santa Barbara County Sheriff's Office - 117,588 5,550 - - 10,260 7,230 9,372 - 150,000Ventura County Sheriff's Office - 373,559 20,027 - 94,616 79,560 - 26,854 - 594,616Monterey County Sheriff's Office 1,112 76,698 - - - - 2,190 - - 80,000San Mateo County Sheriff's Office 7,980 68,090 - - - - 3,930 - - 80,000CA Highway Patrol 5,467 377,059 - - - - 35,814 81,660 - 500,000CA Department of Fish and Wildlife 429 29,571 - - - - - - - 30,000CA Department of Parks and Recreation 1,452 100,146 18,876 - - 5,990 3,536 - - 130,000 Grand Total San Diego County Region 5,005,410 $ 277,657 $ 96,833 $ 72,186 $ 1,353,349 $ 189,286 $ 430,889 $ 175,329 $ 399,061 $ 8,000,000 $ Budget Narrative Category

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FY 2023 Operation Stonegarden Grant - Standard Assurances Page 1 of 10 Initials _______

EXHIBIT B
Homeland Security Grant Program - Operation Stonegarden Grant (OPSG) FY 2023 OPSG Standard Assurances
(All OPSG Participating Agencies of Friendly Forces)
Name of Agency: ___________________________________________________________________________ Address: _____________________________________________________________________________________ City: _____________________________________ State: ______________ Zip Code: ______________ As the duly authorized representative of the Agency ("Agency") named above, I hereby certify that the Agency has the legal authority to apply for federal assistance and has the institutional, managerial and financial capability (including sufficient funds to pay any non-federal share of project cost or to retroactively repay any reimbursement found out of compliance which was paid to Agency, for as long as the grant is active) to ensure proper planning, management and completion of the project described in this application, within prescribed timelines.

The requirements outlined in these assurances apply to Agency and any of its principals, contractors, and subcontractors.

I further acknowledge that the Agency is responsible for reviewing and adhering to all requirements within the:
(a) Applicable Federal Regulations (see below);
(b) Federal Program Notice of Funding Opportunity (NOFO); (c) Federal Preparedness Grants Manual;
(d) California State Supplement to the NOFO; and
(e) Federal and State Grant Program Guidelines.

Federal Regulations
Government cost principles, uniform administrative requirements and audit requirements for federal grant programs are set forth in Title 2, Part 200 of the Code of Federal Regulations (C.F.R.). Updates are issued by the Office of Management and Budget (OMB) and can be found at http://www.whitehouse.gov/omb/.

State and federal grant award requirements (some of which appear in the documents listed above) are set forth below. The Agency hereby agrees to comply with the following:

1. Proof of Authority
The Agency will obtain proof of authority from the city council, governing board or authorized body in support of this project. This written authorization must specify that the Agency and the city council, governing board or authorized body agree:
(a) To provide all matching funds required for the grant project and that any cash match will be appropriated as required;
(b) Any liability arising out of the performance of this agreement shall be the responsibility of the Agency and the city council, governing board or authorized body; (c) Grant funds shall not be used to supplant expenditures controlled by the city council, governing board or authorized body;

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FY 2023 Operation Stonegarden Grant - Standard Assurances Page 2 of 10 Initials _______ (d) The Agency is authorized by the city council, governing body, or authorized body to apply for federal assistance, and the institutional, managerial and financial capability (including funds sufficient to pay the non-federal share of project cost, if any, or to retroactively repay any reimbursement found out of compliance, which was paid to Agency, for as long as the grant is active) to ensure proper planning, management and completion of the project described in this application; and (e) The official executing this agreement is authorized by the Agency.

This Proof of Authority must be maintained on file and readily available upon request.

2. Period of Performance and Operational Project Period The period of performance is specified in the Award and the operational project period for the Agency is indicated in the FY2023 Operation Stonegarden (OPSG) Memorandum of Agreement (MOA). The Agency is only authorized to perform allowable activities approved under the award, within the period of performance specified in the grant, within which, the operational project period for the Agency is enforced.

3. Lobbying and Political Activities
As required by Section 1352, Title 31 of the U.S. Code (U.S.C.), for persons entering into a contract, grant, loan or cooperative agreement from an agency or requests or receives from an agency a commitment providing for the United States to insure or guarantee a loan, the Agency certifies that:
(a) No federal appropriated funds have been paid or will be paid, by or on behalf of the undersigned, to any person for influencing or attempting to influence an officer or employee of an agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement. (b) If any funds other than federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this federal contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit Standard Form-LLL, “Disclosure Form to Report Lobbying”, in accordance with its instructions. (c) The undersigned shall require that the language of this certification be included in the award documents for all subawards at all tiers (including subcontracts, subgrants, and contracts under grants, loans, and cooperative agreements) and that all Agencies shall certify and disclose accordingly.

The Agency will also comply with provisions of the Hatch Act (5 U.S.C. §§1501-1508 and §§7324-7328) which limit the political activities of employees whose principal employment activities are funded in whole or in part with federal funds.

Finally, the Agency agrees that federal funds will not be used, directly or indirectly, to support the enactment, repeal, modification or adoption of any law, regulation or policy without the express written approval from the California Governor’s Office of Emergency Services (Cal OES) or the federal awarding agency.

4. Suspension and Debarment
As required by Executive Orders (EO) 12549 and 12689, and 2 C.F.R §200.214 and codified in 2 C.F.R Part 180, Debarment and Suspension, the Agency will provide protection against waste, fraud and abuse by debarring or suspending those persons deemed irresponsible in their dealings with the federal government. The Agency certifies that it and its principals, contractors, or subcontractors:
(a) Are not presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from covered transactions by any federal department or agency; (b) Have not within a three-year period preceding this application been convicted of or had a civil judgment rendered against them for commission of fraud or a criminal offense in connection with obtaining,

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FY 2023 Operation Stonegarden Grant - Standard Assurances Page 3 of 10 Initials _______ attempting to obtain, or performing a public (Federal, State, or local) transaction or contract under a public transaction; violation of federal or state antitrust statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, or receiving stolen property;
(c) Are not presently indicted for or otherwise criminally or civilly charged by a governmental entity (Federal, State, or local) with commission of any of the offenses enumerated in paragraph (4)(b) of this certification; and
(d) Have not within a three-year period preceding this application had one or more public transaction (Federal, State, or local) terminated for cause or default.

Where the Agency is unable to certify to any of the statements in this certification, he or she shall attach an explanation to this application.

5. Non-Discrimination and Equal Employment Opportunity
The Agency will comply with all state and federal statutes relating to non-discrimination, including:
(a) Title VI of the Civil Rights Act of 1964 (Public Law (P.L.) 88-352 and 42 U.S.C. § 2000d et seq.) which prohibits discrimination on the basis of race, color or national origin and requires that recipients of federal financial assistance take reasonable steps to provide meaningful access to persons with limited English proficiency (LEP) to their programs and services; (b) Title IX of the Education Amendments of 1972, as amended (20 U.S.C. §§ 1681-1683, and 1685-1686), which prohibits discrimination on the basis of sex in any federally funded educational program or activity;
(c) Section 504 of the Rehabilitation Act of 1973, (29 U.S.C. § 794), which prohibits discrimination against those with disabilities or access and functional needs; (d) Americans with Disabilities Act (ADA) of 1990, (42 U.S.C. § 12101 et seq.), which prohibits discrimination on the basis of disability, and requires buildings and structures be accessible to those with disabilities and access and functional needs;
(e) Age Discrimination Act of 1975, (42 U.S.C. §§ 6101-6107), which prohibits discrimination on the basis of age;
(f) Public Health Service Act of 1912 (42 U.S.C. §§ 290 dd --- 2), relating to confidentiality of patient records regarding substance abuse treatment;
(g) Title VIII of the Civil Rights Act of 1968 (42 U.S.C. § 3601 et seq.), relating to nondiscrimination in the sale, rental or financing of housing as implemented by the Department of Housing and Urban Development at 24 C.F.R Part 100. The prohibition on disability discrimination includes the requirement that new multifamily housing with four or more dwelling units --- i.e., the public and common use areas and individual apartment units (all units in buildings with elevators and ground-floor units in buildings without elevators) --- be designed and constructed with certain accessible features (See 24 C.F.R § 100.201);
(h) Executive Order (E.O.) 11246, which prohibits federal contractors and federally assisted construction contractors and subcontractors, who do over $10,000 in Government business in one year from discriminating in employment decisions on the basis of race, color, religion, sex, sexual orientation, gender identification, or national origin;
(i) Executive Order (E.O.) 11375, which bans discrimination on the basis of race, color, religion, sex, sexual orientation, gender identification, or national origin in hiring and employment in both the United States federal workforce and on the part of government contractors; (j) California Public Contract Code § 10295.3, which prohibits discrimination based on domestic partnerships and those in same sex marriages;
(k) Department of Homeland Security (DHS) policy to ensure the equal treatment of faith-based organizations, under which the Agency must comply with equal treatment policies and requirements contained in 6 C.F.R. Part 19;

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FY 2023 Operation Stonegarden Grant - Standard Assurances Page 4 of 10 Initials _______ (l) The Agency will comply with California's Fair Employment and Housing Act (FEHA) (California Government Code § 12940 – 12957), as applicable. FEHA prohibits harassment and discrimination in employment because of ancestry, familial status, race, color, religious creed (including religious dress and grooming practices), sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, genetic information, medical condition, age, pregnancy, denial of medical and family care leave, or pregnancy disability leave, military and veteran status, and/or retaliation for protesting illegal discrimination related to one of these categories, or for reporting patient abuse in tax supported institutions;
(m) Any other nondiscrimination provisions in the specific statute(s) under which application for federal assistance is being made; and
(n) The requirements of any other nondiscrimination statute(s) which may apply to the application.

6. Drug-Free Workplace
As required by the Drug-Free Workplace Act of 1988 (41 U.S.C. § 701 et seq.), the Agency certifies that it will maintain a drug-free workplace and a drug-free awareness program as outlined in the Act.

7. Environmental Standards
The Agency will comply with state and federal environmental standards, including:
(a) California Environmental Quality Act (CEQA) (California Public Resources Code §§ 21000-21177), to include coordination with the city or county planning agency; (b) CEQA Guidelines (California Code of Regulations, Title 14, Division 6, Chapter 3, §§ 15000-15387); (c) Federal Clean Water Act (CWA) (33 U.S.C. § 1251 et seq.), which establishes the basic structure for regulating discharges of pollutants into the waters of the United States and regulating quality standards for surface waters;
(d) Federal Clean Air Act of 1955 (42 U.S.C. § 7401), which regulates air emissions from stationary and mobile sources;
(e) Institution of environmental quality control measures under the National Environmental Policy Act (NEPA) of 1969 (P.L. 91-190); the Council on Environmental Quality Regulations for Implementing the Procedural Provisions of NEPA; and Executive Orders (EO) 12898 which focuses on the environmental and human health effects of federal actions on minority and low-income populations with the goal of achieving environmental protection for all communities; (f) Evaluation of flood hazards in floodplains in accordance with Executive Order (EO) 11988; (g) Executive Order (EO) 11514 which sets forth national environmental standards; (h) Executive Order (EO) 11738 instituted to assure that each federal agency empowered to enter into contracts for the procurement of goods, materials, or services and each federal agency empowered to extend federal assistance by way of grant, loan, or contract shall undertake such procurement and assistance activities in a manner that will result in effective enforcement of the Clean Air Act and the Federal Water Pollution Control Act Executive Order (EO) 11990 which requires preservation of wetlands;
(i) The Safe Drinking Water Act of 1974, (P.L. 93-523); (j) The Endangered Species Act of 1973, (P.L. 93-205);
(k) Assurance of project consistency with the approved state management program developed under the Coastal Zone Management Act of 1972 (16 U.S.C. §§ 1451 et seq.); (l) Conformity of Federal Actions to State (Clear Air) Implementation Plans under Section 176(c) of the Clean Air Act of 1955, as amended (42 U.S.C. §§ 7401 et seq.); and (m) Wild and Scenic Rivers Act of 1968 (16 U.S.C. § 1271 et seq.) related to protecting components or potential components of the national wild and scenic rivers system.

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FY 2023 Operation Stonegarden Grant - Standard Assurances Page 5 of 10 Initials _______ The Agency shall not be: 1) in violation of any order or resolution promulgated by the State Air Resources Board or an air pollution district; 2) subject to a cease-and-desist order pursuant to § 13301 of the California Water Code for violation of waste discharge requirements or discharge prohibitions; or 3) determined to be in violation of federal law relating to air or water pollution.

8. Audits
For grant recipients expending $750,000 or more in federal grant funds annually, the Agency will cause to be performed the required financial and compliance audits in accordance with the Single Audit Act Amendments of 1996 and Title 2 of the Code of Federal Regulations, Part 200, Subpart F Audit Requirements.

9. Cooperation and Access to Records
The agency must cooperate with any compliance reviews or investigations conducted by DHS. In accordance with 2 C.F.R § 200.337, the Agency will give the awarding agency, the Comptroller General of the United States and, if appropriate, the state, through any authorized representative, access to and the right to examine all records, books, papers, or documents related to the award. The Agency will require any grant recipients, contractors, successors, transferees and assignees to acknowledge and agree to comply with this provision.

10. Conflict of Interest
The Agency will establish safeguards to prohibit the Agency's employees from using their positions for a purpose that constitutes or presents the appearance of personal or organizational conflict of interest, or personal gain.

11. Financial Management
False Claims for Payment - The Agency will comply with 31 U.S.C § 3729-3733 which provides that Agency shall not submit a false claim for payment, reimbursement or advance.

12. Reporting - Accountability
The Agency agrees to comply with applicable provisions of the Federal Funding Accountability and Transparency Act (FFATA) (P.L. 109-282), including but not limited to (a) the reporting of subawards obligating $30,000 or more in federal funds, and (b) executive compensation data for first tier subawards as set forth in 2 C.F.R. Part 170, Appendix A. The Agency also agrees to comply with the requirements set forth in the government-wide financial assistance award term regarding the System for Award Management and Universal Identifier Requirements located at 2 C.F.R. Part 25, Appendix A.

13. Whistleblower Protections
The Agency also must comply with statutory requirements for whistleblower protections at 10 U.S.C. § 2409, 41 U.S.C. § 4712, and 10 U.S.C. § 2324, 41 U.S.C. § 4304 and § 4310.

14. Human Trafficking
The Agency will comply with the requirements of Section 106(g) of the Trafficking Victims Protection Act (TVPA) of 2000, as amended (22 U.S.C. § 7104) which prohibits the Agency or its grant recipients from: (1) engaging in trafficking in persons during the period of time that the award is in effect; (2) procuring a commercial sex act during the period of time that the award is in effect; or (3) using forced labor in the performance of the award or subawards under the award.

15. Labor Standards
The Agency will comply with the following federal labor standards:
(a) The Davis-Bacon Act (40 U.S.C. §§ 276a to 276a-7), as applicable, and the Copeland Act (40 U.S.C. § 3145 and 18 U.S.C. § 874) and the Contract Work Hours and Safety Standards Act (40 U.S.C. §§ 327- 333), regarding labor standards for federally assisted construction contracts or subcontracts, and (b) The Federal Fair Labor Standards Act (29 U.S.C. § 201 et seq.) as they apply to employees of institutes of higher learning (IHE), hospitals and other non-profit organizations.

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La Mesa City CouncilAugust 13, 2024

La Mesa City Council
August 13, 2024