Agenda packet — La Palma City Council, November 5, 2024 (part 1 of 3)

November 5, 2024 | 1
AGENDA

REGULAR MEETING

LA PALMA CITY COUNCIL
TUESDAY, NOVEMBER 5, 2024
Marshall Goodman
Mayor
Mark Waldman
Mayor Pro Tem
Debbie S. Baker
Council Member
Janet Keo Conklin
Council Member
Nitesh P. Patel
Council Member
5:30 PM Closed Session
6:30 PM Open Session
La Palma City Hall
Council Chambers
7822 Walker Street, La Palma

CALL TO ORDER

CLOSED SESSION

CS-1. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS
(Pursuant to Government Code Section 54956.8)
Property: 5410-14 La Palma Avenue, La Palma, California

Agency negotiator: Conal McNamara, City Manager
Ryan Hallett, Assistant City Manager
Negotiating parties: Victor Chung, Elite Taekwondo Center, LLC Under negotiations: Price and/or terms of a lease

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November 5, 2024 | 2
CS-2. CONFERENCE WITH LABOR NEGOTIATORS
Pursuant to Government Code section 54957.6.

Agency Designated Representatives: Conal McNamara, City Manager Ryan Hallett, Assistant City Manager
Employee Organizations: La Palma General Employees
Association
La Palma Police Association
La Palma Professional Employees
Association
Unrepresented Employees: Executive Management

CS-3. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9)

Name of Case: Sarkis Tatarian v. City of La Palma, et al.

Case No. OCSC 30-2024-01375931-CU-WM-CJC
CS-4. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Pursuant to Government Code Section 54956.8)
Property: 5022 Crescent Avenue, La Palma, California
Agency negotiator: Conal McNamara, City Manager
Ryan Hallett, Assistant City Manager
Negotiating parties: George Adamian
Under negotiations: Price and/or terms of a purchase
CS-5. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(d)(2), (e)(2), (e)(3): (1 case – Unispec Notice of Potential Claim #1 – attached without enclosures)

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November 5, 2024 | 3
OPEN SESSION TO BEGIN AT 6:30 PM

PLEDGE OF ALLEGIANCE
Council Member Patel

INVOCATION
Pastor Steve Bland, La Palma Christian Center
Council Member Waldman

ROLL CALL

PRESENTATIONS
● Recognition of Orange County Fire Authority Chief Steve Dohman for his 27 years of service.

ORAL COMMUNICATIONS (Time Limit: 5 Minutes Each)
Time has been reserved at this point in the Agenda for persons wishing to speak on any item that is not listed on the Agenda. By law, the City Council is prohibited from taking action on such oral comments. The matter will be automatically referred to staff for appropriate response or action or will be placed on the Agenda of a future meeting.

Matters listed on the Agenda may be addressed either at this time or at the time they are before the City Council for discussion.

CONSENT CALENDAR
All matters listed under Consent Calendar will be acted upon by one motion affirming the action recommended on the Agenda. There will be no separate discussion on these items prior to voting unless members of the City Council, Staff, or the public request that specific items be removed from the Consent Calendar for separate action. Any member of the public who wishes to discuss a Consent Calendar item should come forward to the microphone and, upon recognition by the Mayor, state their name, address, and the item number.

1. Waive the Reading of All Ordinances

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November 5, 2024 | 4
It is recommended that the City Council waive the reading of all Ordinances in their entirety and read by title only.

2. Approval of Council Minutes
It is recommended that the City Council approve the Minutes of the October 1, 2024, Regular Meeting, and October 22, Special Meeting of the City Council.

3. Approval of Register of Demands
It is recommended that the City Council adopt a Resolution approving the Register of Demands for October 15, 2024, and November 5, 2024.

4. First Quarter Cash and Investment Report, Fiscal Year 2024-25 It is recommended that the City Council receive and file the Cash and Investment Report for the first quarter of Fiscal Year 2024-25.

5. Additional Appropriation for the Service Line Inventory Assessment It is recommended that the City Council appropriate an additional $25,000 from the Water Fund for the previously ratified amendment with the Municipal Water District of Orange County (MWDOC) for the Service Line Inventory Assessment.

6. Resolution Adopting the Measure M2 Expenditure Report for Fiscal Year ending June 30, 2024
It is recommended that the City Council adopt a Resolution approving the annual Measure M2 expenditure report for Fiscal Year ending June 30, 2024.

7. Award a Contract to Golden Meters Service, Inc. for the Neptune MIU Endpoint & Antenna Installation.

It is recommended that the City Council take the following action:

1. Award a contract to Golden Meters Service, Inc. for an amount not to exceed $57,200 for the Neptune Meter Interface Unit Endpoints and Antenna Installation;

2. Authorize a 15% contingency for unforeseen needs for materials and labor; and

3. Authorize the City Manager or his designee to execute the agreement and all necessary documents.

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November 5, 2024 | 5

8. Second Amendment to On-Call City Engineering Services Contract It is recommended that the City Council:

1. Approved the 2nd Amendment to the On-Call City Engineer Services contract for one (1) year with Infrastructure Engineers, a Bowman Company; and

2. Authorize the Mayor to sign the 2nd Amendment.

9. Resolution Amending the City Council’s Regular Meeting Schedule for January 2025.

It is recommended that the City Council adopt a Resolution amending the City’s Council’s Regular Meeting Schedule for January 2025.

10. Award a Contract for Water Leak Asphalt Repairs
It is recommended that the City Council take the following action:

1. Award a Contract to G.M. Sager Construction Co., Inc. for an amount not to exceed $28,727 for water leak asphalt repairs; and

2. Authorize the City Manager to execute all required documents

11. Award of Contract for a Citywide Cost Allocation Plan and Comprehensive User Fee Study
It is recommended that the City Council take the following actions:

1. Authorize the City Manager to execute a Professional Services Agreement with Revenue & Cost Specialists (RCS) in the amount of not to exceed $23,450 to complete a Citywide Cost Allocation Plan and Comprehensive User Fee Study, and

2. Allocate $23,450 from the General Fund's unreserved fund balance to cover the cost of the project.

12. Approval of Upgrades for Citywide Information Technology (IT) Infrastructure
It is recommended that the City Council take the following actions to upgrade the City's Information Technology (IT) Infrastructure:

1. Approve and authorize the City Manager to execute an agreement to upgrade all City computers currently using Office 2019 to Office 365 for

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November 5, 2024 | 6
$14,040 annually, with a 5% annual increase for subscription services;

2. Approve and authorize the City Manager to execute a 36-month agreement with RingCentral to upgrade all City phones and phone support services for $18,200 annually;

3. Approve and authorize the City Manager to execute an agreement with Verve for 100M Dedicated Backup Internet Access at a cost of $8,100 annually;

4. Approve and authorize expenditures with Infinity Technologies to implement the IT infrastructure upgrades in the amount not to exceed $40,000 and

5. Appropriate and transfer $81,000 from the Information Technology Replacement Fund (IT Fund) unreserved fund balance to IT Fund's Office Equipment expense account (064-650-8030-00000).

13. Approval to Purchase Three Electronic Portable Message Boards It is recommended that the City Council authorize the City Manager to execute the attached quote from All Traffic Solutions Inc. for the purchase of three electronic portable message boards.

PUBLIC HEARINGS

14. Review and Consideration of Conditional Use Permit 393 to Establish an Adult Day Care Use (My Day Program, Inc.) Located at 7252 Walker Street (APN 263-061-12)
It is recommended that the City Council take the following actions:
a) Open Public Hearing
b) Receive Staff Report
c) Council Member Comments and Questions
d) Receive Public Input
e) Close Public Hearing
f) Adopt a Resolution approving Conditional Use Permit 393 CEQA exempt pursuant to Section 15301 Class 1 [Existing Facilities]

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November 5, 2024 | 7

15. Introduction and First Reading of an Ordinance Amending Portions of the City Zoning Code (Chapter 44 of the La Palma Municipal Code) for Parking, Signage, and Housing Definitions in Compliance with State Housing Laws and City's Housing Element
It is recommended that the City Council take the following actions:
a) Open Public Hearing
b) Receive Staff Report
c) Council Member Comments and Questions
d) Receive Public Input
e) Close Public Hearing
f) Introduce an Ordinance amending portions of the City Zoning Code Chapter 44 of the La Palma Municipal Code) for parking, signage, and housing definitions in compliance with State Housing Laws and the City’s Housing Element by (1) asking the City Clerk to read the title of the Ordinance; and (2) approving a motion to waive further reading of the Ordinance and to pass it on a second reading.

CEQA exempt pursuant to Section 15060(c)(2) and 15061(b)(3)

REGULAR ITEMS

16. Award of Contract for Testing, Dynamic Profiling, and Pump and Motor Replacement for Water Quality Improvements at the City Yard It is recommended that the City Council take the following action:

1. Award a Contract to BESST Inc. for Testing, Dynamic Profiling, and Well Pump and Motor Replacement for Water Quality Improvements at the City Yard for an amount not to exceed $321,000;

2. Authorize a 15% contingency for unforeseen issues;

3. Authorize the City Manager or his designee to execute all required documents; and

4. Approve reallocating $321,000 in the FY 24/25 Capital Improvement

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November 5, 2024 | 8
Program budget from the Water Treatment Feasibility Study account (055-900-9330-00000) to the Pump & Well Repair account (055-900- 7100-00000).

17. Consideration of Agreement to Lease 5410-14 La Palma Avenue to Elite Taekwondo Center, Inc.

It is recommended that the City Council take the following action:

1. Adopt a Resolution approving an Agreement to Lease 5410-14 La Palma Ave by Elite Taekwondo Center, Inc.; and

2. Authorize the Mayor to execute the Lease Agreement and any other real estate documents to effectuate the provisions of the Lease Agreement.

18. Economic Development/Land Use Ad-Hoc Subcommittee Findings and Recommendations
It is recommended that the City Council take the following action:

1. Approve the update to the City of La Palma Economic Development Plan 2030 and direct City staff to implement its programs and policies;

2. Adopt a resolution to establish the Economic Development Oversight Task Force;

3. Direct staff to solicit Statements of Interest for the Economic Development Oversight Task Force; and

4. Direct staff to request proposals from qualified consulting firms to prepare an Economic and Market Analysis.

19. Good Governance Policy Discussion
Staff recommends that the City Council receive the report and provide direction to staff.

20. Council Member Request: La Palma Chamber of Commerce Presentation It is recommended that the City Council consider Council Member Keo Conklin's request to receive the presentation and discuss the La Palma Chamber of Commerce.

COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

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November 5, 2024 | 9

COMMITTEES, AND COUNCIL REMARKS

CITY MANAGER REMARKS

CITY ATTORNEY REMARKS

ADJOURNMENT
NOTE: As a general rule, staff reports or other written documentation have been prepared or organized with respect to each item of business listed on the agenda. Copies of these materials and other disclosable public records distributed to all or a majority of the members of the City Council in connection with an open session item on the agenda are on file and available for inspection with the Office of the City Clerk, City Hall, 7822 Walker Street, during regular business hours 7:30 A.M. to 6:30 P.M., Monday through Thursday. If such writings are distributed to members of the Council on the day of a City Council meeting, the writings will be available at the entrance to the City Council Chambers. If you have any questions regarding any item of business on the agenda for this meeting, any of the staff reports, or other documentation relating to any agenda item, please contact the City Clerk at (714) 690-3334.

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, you should contact the City Clerk at (714) 690-3334. Notification 48 hours prior to the meeting will enable the City to make reasonable accommodations to ensure accessibility to this meeting.

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Agenda Item No. 1 November 5, 2024 | 1
City of La Palma
Agenda Item No. 1
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Waive the Reading of All Ordinances
RECOMMENDED ACTION:

It is recommended that the City Council waive the reading of all Ordinances in their entirety and read by title only.

PURPOSE:

This is a regular agenda item and acts as a reminder of an action that Council Members should take to waive the reading of any Ordinance before them in its entirety, and instead read it by title only. This action helps to expedite the processing of Ordinances and contributes to the efficiency of City Council meetings.

FISCAL IMPACT:

None.

ATTACHMENTS:

None

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Agenda Item No. 2 November 5, 2024 | 1
City of La Palma
Agenda Item No. 2
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Approval of City Council Minutes
RECOMMENDED ACTION:

It is recommended that the City Council approve the Minutes of the October 1, 2024, Regular Meeting, and October 22, Special Meeting of the City Council.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. City Council Meeting Minutes 10-1-2024

2. City Council Special Meeting Minutes 10-22-2024

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MINUTES OF THE REGULAR MEETING

OF THE LA PALMA CITY COUNCIL
October 1, 2024
CALL TO ORDER: Mayor Goodman called the Regular Meeting of the La Palma City Council to order at 5:30 p.m. in the Council Chambers of La Palma City Hall, 7822 Walker Street, La Palma, California.

CLOSED SESSION
CS-1. CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9) Name of Case: Janee L. Pacheco v. Anaheim Union High School District et al.

Case No. USDC 8:24-cv-00525-JFW-PVC
CS-2. CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION Consideration of whether to initiate litigation pursuant to Government Code Section 54956.9(d)(4 ): (1 case)
CS-3. CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION (Pursuant to Government Code Section 54956.9 paragraph (1) of subdivision (d))
Name of Case: Ross Byer v. City of La Palma
Orange County Superior Court Case No. 30-2024-01394359-CU-OE- CJC CS-4. CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9) Name of Case: Torres vs. City of La Palma
Case No: OCSC TC24-3498
CS-5. CONFERENCE WITH LABOR NEGOTIATORS
(Pursuant to Government Code section 54957.6)
Agency Designated Representatives: Conal McNamara, City Manager Ryan Hallett, Assistant City Manager
Employee Organizations: La Palma General Employees
Association
La Palma Police Association
La Palma Professional Employees
Association

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City Council Meeting
October 1, 2024

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Unrepresented Employees: Executive Management
CS-6. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS
(Pursuant to Government Code Section 54956.8)
Property: 5410-14 La Palma Avenue, La Palma, California Agency negotiator: Conal McNamara, City Manager
Ryan Hallett, Assistant City Manager
Negotiating parties: Victor Chung, Elite Taekwondo Center, LLC Under negotiations: Price and/or terms of a lease
CS-7. CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9) Name of Case: Sarkis Tatarian v. City of La Palma, et al.

Case No. OCSC 30-2024-01375931-CU-WM-CJC
OPEN SESSION TO BEGIN AT 6:30PM
Mayor Goodman adjourned the Closed Session at 6:06 p.m.

Mayor Goodman reconvened the City Council in Open Session at 6:30p.m. and asked for a report out of Closed Session.

City Attorney Thind noted that there were no reportable actions out of Closed Session.

PLEDGE OF ALLEGIANCE: Walker Junior High School Kindness Club INVOCATION: Pastor Matthew Agosto, City Church
ROLL CALL: Council Members
Council Members present: Council Member Baker, Council Member Conklin, Mayor Goodman, Council Member Patel, and Mayor
Pro Tem Waldman
Council Members absent: None

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City Council Meeting
October 1, 2024

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City Officials present: Conal McNamara, City Manager
Ajit Thind, City Attorney
Belinda Deines, Community Development Manager
Joe Cisneros, Deputy City Manager
Andy Ramirez, Public Works & Community Services
Director
Joe Guerrero, Police Chief
Kimberly Kenney, City Clerk
PRESENTATIONS:
• Mayor Goodman presented a Proclamation to Orange County Fire Authority Chief Dohman in Recognition of October 6-12 as "Fire Prevention Week". • Mayor Goodman and Council Member Patel presented a Proclamation to Nitin Deshpande and the Hindu Swayamsevak Sangh group in recognition of October as Hindu Heritage Month.
• Public Works & Community Services Director introduced Gary Robinson as the City's new Water Worker.
• Noella Lew, La Palma Community Activities and Beautification Committee, Home Spotlight Committee, recognized the home of Wayne and Betty Zehner. • Senator Nguyen gave a Legislative Update.

ORAL COMMUNICATIONS
Andi Chen, La Palma resident and business owner, addressed the City Council by announcing the formation of the new La Palma Chamber of Commerce as their C.E.O.; that she met Council Member Keo Conklin at Assemblywoman Sharon Quirk-Silva's Small Business Expo on August 16 and discussed the start of a La Palma Chamber of Commerce; introduced two volunteer board members; and hoped this venture would be a great opportunity for La Palma businesses.

Dr. Shauna Harris, a La Palma resident, addressed the City Council regarding the mission of the La Palma Chamber of Commerce; that she met Council Member Keo Conklin at Assemblywoman Sharon Quirk-Silva's Small Business Expo on August 16 and discussed the start of a La Palma Chamber of Commerce; and presented local engagement plans.

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City Council Meeting
October 1, 2024

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Jesse Alvarado, a Hawaiian Gardens Resident, addressed the City Council regarding the need for a Chamber of Commerce to assist and stimulate local businesses; that he met Council Member Keo Conklin at Assemblywoman Sharon Quirk-Silva's Small Business Expo on August 16 and discussed the start of a La Palma Chamber of Commerce; that he'd like to collaborate with other Chambers of Commerce from adjacent cities.

Kyle McCune, a La Palma resident, addressed the City Council regarding the unkept condition of City trees in the public right-of-way; complaint about loud neighbors having a party; that he called for police response three separate times; his opposition to having to call repeatedly and supports Orange County Sheriffs if local police cannot resolve complaints.

Robert Carruth, a La Palma resident, addressed the City Council regarding the history of the City's sign code ordinance regarding temporary signage; his opposition to the City Council's process moving Measure W forward to the voters; and his opposition to the lack of code enforcement regarding temporary signs.

CONSENT CALENDAR

1. Waive the Reading of All Ordinances
Waive the reading of all Ordinances in their entirety and read by title only.

2. Approval of Council Minutes
Minutes of the September 3, 2024, Regular Meeting of the City Council.

4. Amendment to the Signal Maintenance Agreement with Crosstown Electric and Data, Inc.

Approve an amendment to the contract for the maintenance of traffic signal services with Crosstown Electric and Data, Inc., in an amount not to exceed $20,000.

5. Agreement with the Southeast Area Animal Control Authority (SEAACAJ for Animal Care Services
Approve and authorize the Mayor to execute a five-year agreement with the Southeast Area Animal Control Authority (SEAACA) for the delivery of animal care services in FY 2025-2029 with the option of terminating the agreement upon 90-days written notice.

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City Council Meeting
October 1, 2024

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6. Agreement with All City Management Services (ACMSJ. Inc. for Providing School Crossing Guard Services
Approve and authorize the City Manager, or designee, to execute an agreement with All City Management Services (ACMS), Inc. to provide school crossing guard services for one year, commencing July 1, 2024, through June 30, 2025.

7. Side Letter between the City and La Palma General Employees Association Adopt Resolution No. 2024-40 amending the Memorandum of Understanding for the La Palma General Employees Association and authorize the City Manager or designee to sign the Side Letter on behalf of the City.

8. Various Median Islands Capita/Improvement Project Update Appropriate $202,800 from project savings to the project contingency funds.

9. Beverage Container Recycling Grant
Adopt Resolution No. 2024-40 authorizing the submittal of an application for the Cal Recycle Beverage Container Recycling Grant Program for $54,995.84 for the installation of four (4) water refill stations in various locations within Central Park.

Council Member Patel made a motion to approve Consent Calendar Items 1 and 2, and 4 through 9.

The motion was seconded by Council Member Baker and carried on the following vote:

AYES: Council Member Baker, Council Member Conklin,
Mayor Goodman, Council Member Patel, and Mayor
Pro Tem Waldman
NOES: None

ITEMS PULLED FROM CONSENT CALENDAR

3. Approval of Register of Demands
It is recommended that the City Council adopt Resolution No. 2024- 39 approving the Register of Demands for September 17, 2024, and October 1, 2024.

Item 3 was pulled from the Consent Calendar to allow for Public Comment by a

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City Council Meeting
October 1, 2024

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resident.

Robert Carruth, a La Palma resident, requested to have this item pulled to address the City Council regarding his concerns regarding payment to Tripepi Smith and listed questions regarding the services provided.

Council Member Patel reported his concerns regarding some comments made by Mr. Carruth on social media that he viewed as inappropriate; that he encouraged Mr. Carruth to sign the Campaign Code of Conduct; and that La Palma celebrates and respects its diversity.

Council Member Patel made a motion to approve Consent Calendar Items 3.

The motion was seconded by Mayor Pro Tem Waldman and carried on the following vote:

AYES: Council Member Baker, Mayor Goodman, Council
Member Patel, and Mayor Pro Tem Waldman
NOES: Council Member Conklin

PUBLIC HEARINGS
None Scheduled.

REGULAR ITEMS
None Scheduled.

COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

COMMITTEES, AND COUNCIL REMARKS
Council Member Keo Conklin clarified that the La Palma Chamber of Commerce that was founded by herself and other members, has no affiliation with the City; requested to have the matter placed on the next City Council agenda in order to collaborate efforts in supporting local businesses; attended a 9/11 Memorial Ceremony at the Civic Center; and the “Honoring our Fallen” gala recognizing our veterans.

Council Member Baker attended the Orange County Sanitation District (OC San) Operations Committee meeting; a surprise celebration for outgoing Police Chief Ron Wilkerson; the 9/11 Memorial Ceremony at the Civic Center; the La Palma Prayer

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City Council Meeting
October 1, 2024

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Breakfast at La Palma Christian Center; the Orange County Older Adults Advisory Commission (OCOAAC); the Cal Cities Orange County Division Board of Directors meeting; a search party event for missing La Palma resident Geetaben Patel; the Orange County Mosquito and Vector Control District (OCMVCD) Board of Trustees meeting; the Regional Military Affairs Committee (RMAC) meeting; the OC San Board of Directors Meeting; the Placentia State of the City; reminded the public of EDCO's ewaste, recycle, compost, and shredding event this weekend; and congratulated Police Chief Guerrero on his appointment.

Council Member Patel attended the Orange County Fire Authority (OCFA) Budget and Finance meeting; the La Palma Prayer Breakfast at La Palma Christian Center; a search party event for missing La Palma resident Geetaben Patel; the OCFA Board of Directors meeting; reported on the injuries of OCFA personnel from recent wild fires; and announced his daughter's celebration of her 16th birthday.

Mayor Pro Tern Waldman had nothing to report.

Mayor Goodman attended the Economic Development and Land Use Ad-Hoc committee meeting; the California Joint Powers Insurance Authority (CJPIA) Claims and Executive Committee meeting; the Placentia State of the City; the Black Chamber of Commerce Annual Dinner; and congratulated Police Chief Guerrero on his appointment.

CITY MANAGER REMARKS
City Manager McNamara announced the upcoming State of the City on October 22; and wished Council Member Patel's daughter a wonderful 16th Birthday.

CITY ATTORNEY REMARKS
City Attorney Thind had nothing to report.

ADJOURNMENT
Mayor Goodman adjourned the Regular Meeting of the City Council at 7:49 p.m. _________________________
Marshall Goodman
Mayor

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City Council Meeting
October 1, 2024

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ATTEST:
_________________________
Kimberly Kenney, CMC
City Clerk

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Agenda Item No. 3 November 5, 2024 | 1
City of La Palma
Agenda Item No. 3
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Approval of Register of Demands
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving the Register of Demands for October 15, 2024, and November 5, 2024.

SUMMARY:

The laws of the State of California governing General Law Cities and the La Palma Municipal Code provide that the City Council shall approve all payments made by the City. A Register of Demands is provided at each City Council Meeting describing each payment made or to be made by the City during the specified period.

FISCAL IMPACT:

Sufficient funds are available to process all payments.

ATTACHMENTS:

1. Resolution with Warrant Registers

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Resolution No. 2024-__

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RESOLUTION NO. 2024-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA PALMA APPROVING THE REGISTERS OF DEMANDS
FOR OCTOBER 15, 2024, AND NOVEMBER 5, 2024
WHEREAS, certain financial obligations are due and payable by the City of La Palma, a General Law City, as of October 15, 2024, and November 5, 2024; and WHEREAS, the laws of the State of California governing General Law Cities and the Municipal Code of La Palma provide that the City Council of a General Law City shall approve all payments by said City from the various established funds of said City; and WHEREAS, the City Manager and the City Council of the City of La Palma have ascertained that the following lists of obligations as submitted by the City of La Palma are paid or legally due and payable by the City.

NOW, THEREFORE, BE IT RESOLVED that the City Council of La Palma hereby approves the attached Registers of Demands dated October 15, and November 5, 2024, and incorporated herein by reference.

APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 5th day of November 2024.
________________________________
Marshall Goodman
Mayor
ATTEST:
______________________________
Kimberly Kenney, CMC
City Clerk

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Resolution No. 2024-__

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STATE OF CALIFORNIA )

COUNTY OF ORANGE ) SS

CITY OF LA PALMA )
I, KIMBERLY KENNEY, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 5th day of November, 2024, and that it was so adopted by called vote as follows:

AYES:

NOES:
________________________________
Kimberly Kenney, CMC
City Clerk

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10/15/2024 1:37:25 PM Page 1 of 11
Warrant Register
City of La Palma By Vendor Name
Payable Dates 10/2/2024 - 10/15/2024
Approval
Reviewed by
Ryan Hallett - Assistant City Manager
Conal McNamara - City Manager

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 2 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05409 - ADNAN ABDEH
10/15/2024 APA001707 ADNAN ABDEH 9/29 PAVILION DEPOSIT RFD 200.00 Vendor 05409 - ADNAN ABDEH Total: 200.00
Vendor: 01046 - AFFORDABLE GENERATOR SVCS INC
10/15/2024 APA001708 AFFORDABLE GENERATOR SV… 9/28 GENERATOR SVC/CY 1,504.50 Vendor 01046 - AFFORDABLE GENERATOR SVCS INC Total: 1,504.50 Vendor: 01009 - AKAL CONSULTANTS
10/15/2024 APA001710 AKAL CONSULTANTS 8/21 SLURRY SEAL PROJ/ST… 7,840.00 Vendor 01009 - AKAL CONSULTANTS Total: 7,840.00
Vendor: 05695 - ANGEL AN
10/15/2024 APA001712 ANGEL AN 7/6-9/28 KOREAN DANCE 1,456.00 10/15/2024 APA001712 ANGEL AN 7/6-9/28 KOREAN DANCE 182.00 10/15/2024 APA001712 ANGEL AN 8/31-9/28 KOREAN DRUM 156.00 10/15/2024 APA001712 ANGEL AN 8/31-9/28 KOREAN DANCE 195.00 Vendor 05695 - ANGEL AN Total: 1,989.00
Vendor: 05411 - APRIL ORTEGA
10/15/2024 APA001745 APRIL ORTEGA 9/29 GAZEBO DEPOSIT RFD 100.00 Vendor 05411 - APRIL ORTEGA Total: 100.00
Vendor: 01170 - B C TRAFFIC SPECIALIST
9/25 RMVL & INSTL 16,239.00

GUARDRAIL/PW
10/15/2024 APA001713 B C TRAFFIC SPECIALIST
Vendor 01170 - B C TRAFFIC SPECIALIST Total: 16,239.00
Vendor: 01171 - B L WALLACE DISTRIBUTOR INC
10/15/2024 APA001714 B L WALLACE DISTRIBUTOR INC 9/20 MTR BOX LIDS/WTR 77.43 10/15/2024 APA001714 B L WALLACE DISTRIBUTOR INC 9/24 MTR BOX LIDS/WTR 66.30 10/15/2024 APA001714 B L WALLACE DISTRIBUTOR INC 9/27 MTR BOX LIDS/WTR 66.30 Vendor 01171 - B L WALLACE DISTRIBUTOR INC Total: 210.03 Vendor: 01240 - BUENA PARK PLAQUE AND TROPHY
10/15/2024 APA001715 BUENA PARK PLAQUE AND T… 9/17 NAMEPLATE/PD 15.09 Vendor 01240 - BUENA PARK PLAQUE AND TROPHY Total: 15.09 Vendor: 01252 - C F P INC
10/15/2024 APA001716 C F P INC (2)SEP'24 BLOOD TESTS/PD 295.00 Vendor 01252 - C F P INC Total: 295.00
Vendor: 01273 - CA POLICE CHIEFS ASSN
10/15/2024 APA001717 CA POLICE CHIEFS ASSN FY24/25 DUES/PD CPT 155.00 Vendor 01273 - CA POLICE CHIEFS ASSN Total: 155.00
Vendor: 05610 - CAMILLE VALLEY
10/15/2024 APA001762 CAMILLE VALLEY 9/9-9/30 BALLET & TAP 234.00 Vendor 05610 - CAMILLE VALLEY Total: 234.00
Vendor: 05703 - CARLOS CONTRERAS
10/15/2024 APA001719 CARLOS CONTRERAS 12725 HOOPSTER TOTS RFD 115.00 10/15/2024 APA001719 CARLOS CONTRERAS 12725 PROCESSING FEE RFD 10.78 Vendor 05703 - CARLOS CONTRERAS Total: 125.78
Vendor: 05081 - CATHERINE ROCHA VELEZ
10/15/2024 APA001751 CATHERINE ROCHA VELEZ 8/15-9/12 ZUMBA 29.25 Vendor 05081 - CATHERINE ROCHA VELEZ Total: 29.25
Vendor: 01304 - CAVENAUGH & ASSOCIATES
10/15/2024 39689 CAVENAUGH & ASSOCIATES 11/4-11/8 DUI SEMINAR/PD 620.00 Vendor 01304 - CAVENAUGH & ASSOCIATES Total: 620.00
Vendor: 03604 - CINTAS CORPORATION
10/15/2024 APA001718 CINTAS CORPORATION 9/5 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/5 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/5 UNIFORM SVC/PW 39.78 10/15/2024 APA001718 CINTAS CORPORATION 9/12 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/12 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/12 UNIFORM SVC/PW 39.78

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 3 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount 10/15/2024 APA001718 CINTAS CORPORATION 9/19 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/19 UNIFORM SVC/PW 33.77 10/15/2024 APA001718 CINTAS CORPORATION 9/19 UNIFORM SVC/PW 39.78 10/15/2024 APA001718 CINTAS CORPORATION 9/26 UNIFORM SVC/PW 35.42 10/15/2024 APA001718 CINTAS CORPORATION 9/26 UNIFORM SVC/PW 35.42 10/15/2024 APA001718 CINTAS CORPORATION 9/26 UNIFORM SVC/PW 41.42 Vendor 03604 - CINTAS CORPORATION Total: 434.22
Vendor: 01356 - CITY OF LA PALMA FLEXIBLE
Flexible Spending 98.07
Contributions - Medical
10/03/2024 39687 CITY OF LA PALMA FLEXIBLE
Vendor 01356 - CITY OF LA PALMA FLEXIBLE Total: 98.07
Vendor: 01357 - CITY OF LA PALMA PETTY CASH
10/15/2024 39694 CITY OF LA PALMA PETTY CASH 9/19 MTG SUPPLIES/PD 16.99 9/30 ORAL BOARD 20.97

SUPPLIES/PD
10/15/2024 39694 CITY OF LA PALMA PETTY CASH
Vendor 01357 - CITY OF LA PALMA PETTY CASH Total: 37.96 Vendor: 05103 - CLEARGOV INC
FY24/25 BUDGET 26,400.00

SOFTWARE/FIN
10/15/2024 39690 CLEARGOV INC
Vendor 05103 - CLEARGOV INC Total: 26,400.00
Vendor: 01395 - COUNTY OF ORANGE
10/15/2024 APA001744 COUNTY OF ORANGE APR'24 PARKIN… 1,592.50 SEP'24 OCATS/CLETS PHONE 1,104.51
SVC/PD
10/15/2024 APA001744 COUNTY OF ORANGE
10/15/2024 APA001744 COUNTY OF ORANGE SEP'24 AFIS FEE/PD 458.00 10/15/2024 APA001744 COUNTY OF ORANGE JUL'24 RADIO RPR/PD 71.94 Vendor 01395 - COUNTY OF ORANGE Total: 3,226.95
Vendor: 01396 - COUNTY OF ORANGE
10/15/2024 39696 COUNTY OF ORANGE FY24/25 HAZMAT FEES/CY 606.00 Vendor 01396 - COUNTY OF ORANGE Total: 606.00
Vendor: 05700 - DAWN AGUILAR
10/15/2024 APA001709 DAWN AGUILAR 12724 SOCCER RFD 115.00 10/15/2024 APA001709 DAWN AGUILAR 12724 PROCESSING FEE RFD 9.04 Vendor 05700 - DAWN AGUILAR Total: 124.04
Vendor: 01499 - DISCOUNT TIRE AND SERVICE CENTERS
10/15/2024 APA001720 DISCOUNT TIRE AND SERVICE … 10/1 (4)TIRES/LP-51 1,058.21 Vendor 01499 - DISCOUNT TIRE AND SERVICE CENTERS Total: 1,058.21 Vendor: 04387 - DOG WASTE DEPOT
9/27 (4)CASES DOG WASTE 85.87

BAGS/PW
10/15/2024 APA001721 DOG WASTE DEPOT
Vendor 04387 - DOG WASTE DEPOT Total: 85.87
Vendor: 03270 - DYLAN COOK
4/29-30 LDRSHP & 127.74

ACCOUNTABILITY TRNG/PD
10/15/2024 2191 DYLAN COOK
Vendor 03270 - DYLAN COOK Total: 127.74
Vendor: 01611 - FEDERAL EXPRESS CORPORATION
10/15/2024 APA001722 FEDERAL EXPRESS CORPORAT… 9/10 PRIORITY MAIL/PD 18.04 Vendor 01611 - FEDERAL EXPRESS CORPORATION Total: 18.04 Vendor: 01631 - FRANCHISE TAX BOARD
10/03/2024 DFT0009228 FRANCHISE TAX BOARD State Tax Withholding 9,414.42 Vendor 01631 - FRANCHISE TAX BOARD Total: 9,414.42
Vendor: 05702 - GLORIA RIDRIGUEZ
10/15/2024 APA001750 GLORIA RIDRIGUEZ 12746 LESS CANCELLATION FEE -11.00 10/15/2024 APA001750 GLORIA RIDRIGUEZ 12746 BALLET BARRE RFD 50.00 Vendor 05702 - GLORIA RIDRIGUEZ Total: 39.00

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 4 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01679 - GOVERNMENTAL FINANCIAL SVCS
SEP'24 ACCOUNTING 3,811.50

SVCS/ADM
10/15/2024 2193 GOVERNMENTAL FINANCIAL …
SEP'24 ACCOUNTING 3,382.50

SVCS/ADM
10/15/2024 2193 GOVERNMENTAL FINANCIAL …
10/15/2024 2193 GOVERNMENTAL FINANCIAL … SEP'24 ACCOUNTING SVCS/FIN 2,425.50 SEP'24 ACCOUNTING 693.00

SVCS/ADM
10/15/2024 2193 GOVERNMENTAL FINANCIAL …
Vendor 01679 - GOVERNMENTAL FINANCIAL SVCS Total: 10,312.50 Vendor: 05704 - GREGORY PARKER
10/15/2024 APA001746 GREGORY PARKER 9/28 COMM CTR DEPOSIT RFD 500.00 Vendor 05704 - GREGORY PARKER Total: 500.00
Vendor: 04470 - HELEN VILLEGAS
10/15/2024 APA001766 HELEN VILLEGAS 9/28 PAVILION DEPOSIT RFD 100.00 Vendor 04470 - HELEN VILLEGAS Total: 100.00
Vendor: 02642 - HOME DEPOT
10/15/2024 APA001725 HOME DEPOT 8/13 SUPPLIES/WTR 82.64 10/15/2024 APA001725 HOME DEPOT 9/23 TOOLS/PW 59.08
10/15/2024 APA001725 HOME DEPOT 9/23 JANITORIAL SUPPLIES/PW 32.28 10/15/2024 APA001725 HOME DEPOT 9/23 SUPPLIES/REC 45.57 10/15/2024 APA001725 HOME DEPOT 7/30 SUPPLIES/WTR 76.46 10/15/2024 APA001725 HOME DEPOT 8/8 JANITORIAL SUPPLIES/PW 3.20 9/27 BLDG 5.67

IMPROVEMENTS/PD
10/15/2024 APA001725 HOME DEPOT
10/15/2024 APA001725 HOME DEPOT 8/8 JANITORIAL SUPPLIES/CY 51.12 10/15/2024 APA001725 HOME DEPOT 9/24 SUPPLIES/PW 51.66
Vendor 02642 - HOME DEPOT Total: 407.68
Vendor: 05623 - HOUSTON & HARRIS PCS INC
10/15/2024 APA001726 HOUSTON & HARRIS PCS INC 9/9-18 SWR CLEANING/MAINT 6,970.00 Vendor 05623 - HOUSTON & HARRIS PCS INC Total: 6,970.00 Vendor: 01764 - INTERNAL REVENUE SERVICE
10/03/2024 DFT0009227 INTERNAL REVENUE SERVICE Federal Tax Withholding 25,219.39 10/03/2024 DFT0009229 INTERNAL REVENUE SERVICE Medicare 6,311.96 Vendor 01764 - INTERNAL REVENUE SERVICE Total: 31,531.35 Vendor: 01775 - IRON MOUNTAIN
10/15/2024 APA001727 IRON MOUNTAIN OCT'24 RECORDS STORAGE 300.17 Vendor 01775 - IRON MOUNTAIN Total: 300.17
Vendor: 03177 - IVY ZHAO
9/23-24 125.06

LDRSHP&ACCOUNTABILITY

TRNG/PD
10/15/2024 2196 IVY ZHAO
Vendor 03177 - IVY ZHAO Total: 125.06
Vendor: 01801 - J H M SUPPLY INC
10/15/2024 APA001728 J H M SUPPLY INC 9/17 SUPPLIES/WTR 51.16 10/15/2024 APA001729 J H M SUPPLY INC 9/30 SUPPLIES/WTR 365.27 Vendor 01801 - J H M SUPPLY INC Total: 416.43
Vendor: 05637 - J SQUARED CONSULTING
10/15/2024 APA001730 J SQUARED CONSULTING SEP'24 CONSULTING SERVICES 750.00 Vendor 05637 - J SQUARED CONSULTING Total: 750.00
Vendor: 03277 - JAMES ROCHE JR
4/29-30 122.92

LDRSHP&ACCOUNTABILITY

TRNG/PD
10/15/2024 2194 JAMES ROCHE JR
Vendor 03277 - JAMES ROCHE JR Total: 122.92
Vendor: 01846 - JENNA MACIAS
10/15/2024 APA001735 JENNA MACIAS 9/21 GAZEBO DEPOSIT RFD 100.00 Vendor 01846 - JENNA MACIAS Total: 100.00

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 5 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04039 - JOSEPH CISNEROS
9/20-25 '24 INTL CITY COUNTY 1,612.49

MGMT ASSOC/DCM
10/15/2024 2190 JOSEPH CISNEROS
Vendor 04039 - JOSEPH CISNEROS Total: 1,612.49
Vendor: 05505 - JOSEPH L INDRAWAN
10/15/2024 39693 JOSEPH L INDRAWAN AUG'24 PROF ENG SVCS/PW 7,187.50 Vendor 05505 - JOSEPH L INDRAWAN Total: 7,187.50
Vendor: 03089 - JOSHUA GARCIA
4/29-30 118.36

LDRSHP&ACCOUNTABILITY

TRNG/PD
10/15/2024 2192 JOSHUA GARCIA
Vendor 03089 - JOSHUA GARCIA Total: 118.36
Vendor: 03684 - JUSTIN BRAASCH
9/23-24 102.82

LDRSHP&ACCOUNTABILITY

TRNG/PD
10/15/2024 2189 JUSTIN BRAASCH
Vendor 03684 - JUSTIN BRAASCH Total: 102.82
Vendor: 01936 - KELLY SPICERS STORES
10/15/2024 APA001731 KELLY SPICERS STORES PAPER/ADM 512.16 10/15/2024 APA001731 KELLY SPICERS STORES PAPER/PD 931.45 10/15/2024 APA001731 KELLY SPICERS STORES PAPER/CS 745.69 10/15/2024 APA001731 KELLY SPICERS STORES PAPER/CD 512.16 Vendor 01936 - KELLY SPICERS STORES Total: 2,701.46
Vendor: 05331 - KIDZ TALENT ACADEMY
9/3-9/24 GYMNASTICS & 234.00

TUMBLING
10/15/2024 APA001732 KIDZ TALENT ACADEMY
9/3-9/24 KIDZ TALENT 154.05

ACADEMY
10/15/2024 APA001732 KIDZ TALENT ACADEMY
9/3-9/24 BASKETBALL SKILLS & 102.70
DRILLS
10/15/2024 APA001732 KIDZ TALENT ACADEMY
Vendor 05331 - KIDZ TALENT ACADEMY Total: 490.75
Vendor: 01975 - L P G E A
10/03/2024 39685 L P G E A LPGEA Dues Withheld 216.00
Vendor 01975 - L P G E A Total: 216.00
Vendor: 01976 - L P P E A
10/03/2024 39686 L P P E A LPPEA Dues Withheld 75.00
Vendor 01976 - L P P E A Total: 75.00
Vendor: 01988 - LA PALMA POLICE ASSN
10/03/2024 39688 LA PALMA POLICE ASSN LPPA Dues Withheld 1,246.88 Vendor 01988 - LA PALMA POLICE ASSN Total: 1,246.88
Vendor: 05102 - LEFTA SYSTEMS
OCT'24-OCT'25 LEFTA TRNG 4,667.90

SOFTWARE LIC & SUBCRIP/PD
10/15/2024 APA001734 LEFTA SYSTEMS
Vendor 05102 - LEFTA SYSTEMS Total: 4,667.90
Vendor: 04657 - LISA AMSELL
10/15/2024 APA001711 LISA AMSELL 9/7-9/28 MARTIAL ARTS 32.50 Vendor 04657 - LISA AMSELL Total: 32.50
Vendor: 04755 - LORIE MCDONALD
10/15/2024 APA001738 LORIE MCDONALD 9/22 GAZEBO DEPOSIT RFD 100.00 Vendor 04755 - LORIE MCDONALD Total: 100.00
Vendor: 05072 - MASTERLUBE CYPRESS
10/15/2024 APA001736 MASTERLUBE CYPRESS 9/18 OIL CHANGE/#738 99.81 10/15/2024 APA001736 MASTERLUBE CYPRESS 9/24 OIL CHANGE/#748 107.08 10/15/2024 APA001736 MASTERLUBE CYPRESS 9/24 OIL CHANGE/#745 60.32 10/15/2024 APA001736 MASTERLUBE CYPRESS 9/25 OIL CHANGE/#740 60.32 Vendor 05072 - MASTERLUBE CYPRESS Total: 327.53

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 6 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02135 - MC PEEK'S DODGE OF ANAHEIM
9/19 REPL FNT BRK PDS, RPL 1,445.93
AIR FILTER/#752
10/15/2024 APA001737 MC PEEK'S DODGE OF ANAHE…
Vendor 02135 - MC PEEK'S DODGE OF ANAHEIM Total: 1,445.93 Vendor: 05699 - MIRANDA WUISAN
10/15/2024 APA001769 MIRANDA WUISAN 12822 READING RFD 109.00 10/15/2024 APA001769 MIRANDA WUISAN 12822 LESS CANCELLATION FEE -11.00 Vendor 05699 - MIRANDA WUISAN Total: 98.00
Vendor: 01752 - MISSION SQUARE - PLAN 302549
10/03/2024 APA001704 MISSION SQUARE - PLAN 302… Deferred Comp 1,173.07 10/03/2024 APA001704 MISSION SQUARE - PLAN 302… Deferred Comp 2,079.23 10/03/2024 APA001704 MISSION SQUARE - PLAN 302… Deferred Comp 2,757.47 Vendor 01752 - MISSION SQUARE - PLAN 302549 Total: 6,009.77 Vendor: 02203 - MYERS STEVENS & TOOHEY &CO INC
10/15/2024 APA001740 MYERS STEVENS & TOOHEY &… OCT'24 LTD/PD 671.80 Vendor 02203 - MYERS STEVENS & TOOHEY &CO INC Total: 671.80 Vendor: 02228 - NEXT DAY SIGNS
9/25 VEH LOGOS & 42.37
NUMBERS/LP-61
10/15/2024 APA001741 NEXT DAY SIGNS
9/25 VEH LOGOS & 42.38
NUMBERS/LP-62
10/15/2024 APA001741 NEXT DAY SIGNS
10/15/2024 APA001741 NEXT DAY SIGNS 9/9 SELF-INKING STAMP/PD 65.70 Vendor 02228 - NEXT DAY SIGNS Total: 150.45
Vendor: 02268 - ORANGE COUNTY TAX COLLECTOR
10/15/2024 39695 ORANGE COUNTY TAX COLLE… '24-25 SWR FEES/5062 LP 371.00 10/15/2024 39695 ORANGE COUNTY TAX COLLE… '24-25 SWR FEES/5410 LP 589.88 '24-25 SWR FEES/7821 3,564.54
WALKER
10/15/2024 39695 ORANGE COUNTY TAX COLLE…
10/15/2024 39695 ORANGE COUNTY TAX COLLE… '24-25 SWR FEES/CIVIC CTR 5,738.20 10/15/2024 39695 ORANGE COUNTY TAX COLLE… '24-25 SWR FEES/8441 MOODY 1,977.42 Vendor 02268 - ORANGE COUNTY TAX COLLECTOR Total: 12,241.04 Vendor: 02279 - P E R S RETIREMENT
CalPERS Employee 1,938.17
Contribution
10/03/2024 DFT0009214 P E R S RETIREMENT
10/03/2024 DFT0009215 P E R S RETIREMENT CalPERS Employer Contribution 3,881.17 CalPERS Employee 1,690.69
Contribution
10/03/2024 DFT0009216 P E R S RETIREMENT
10/03/2024 DFT0009217 P E R S RETIREMENT CalPERS Employer Contribution 2,451.51 CalPERS Employee 3,790.52
Contribution
10/03/2024 DFT0009218 P E R S RETIREMENT
10/03/2024 DFT0009219 P E R S RETIREMENT CalPERS Employer Contribution 3,849.22 CalPERS Employee 1,737.32
Contribution
10/03/2024 DFT0009220 P E R S RETIREMENT
10/03/2024 DFT0009221 P E R S RETIREMENT CalPERS Employer Contribution 5,655.97 CalPERS Employee 395.69
Contribution
10/03/2024 DFT0009222 P E R S RETIREMENT
10/03/2024 DFT0009223 P E R S RETIREMENT CalPERS Employer Contribution 1,022.57 CalPERS Employee 6,737.98
Contribution
10/03/2024 DFT0009224 P E R S RETIREMENT
10/03/2024 DFT0009225 P E R S RETIREMENT CalPERS Employer Contribution 6,720.80 Employee Survivor 45.57
Contribution Amount
10/03/2024 DFT0009226 P E R S RETIREMENT
Vendor 02279 - P E R S RETIREMENT Total: 39,917.18
Vendor: 02354 - R C S INVESTIGATIONS AND CONSULTING LLC 9/17 BACKGROUND 7,600.00
INVESTIGATIONS/(4)PD
10/15/2024 APA001748 R C S INVESTIGATIONS AND C…
Vendor 02354 - R C S INVESTIGATIONS AND CONSULTING LLC Total: 7,600.00

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 7 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04831 - RAY HIDALGO
7/7-9/29 COMM CTR DEPOSIT 400.00
RFD
10/15/2024 APA001723 RAY HIDALGO
Vendor 04831 - RAY HIDALGO Total: 400.00
Vendor: 05137 - READWRITE EDUCATIONAL SOLUTIONS INC.
9/9-9/30 READING 404.95

DEVELOPMENT
10/15/2024 APA001749 READWRITE EDUCATIONAL SO…
9/9-9/30 READING 57.85

DEVELOPMENT
10/15/2024 APA001749 READWRITE EDUCATIONAL SO…
10/15/2024 APA001749 READWRITE EDUCATIONAL SO…9/9-9/30 MAT… 115.70 Vendor 05137 - READWRITE EDUCATIONAL SOLUTIONS INC. Total: 578.50 Vendor: 05337 - REBECCA HIGA
10/15/2024 APA001724 REBECCA HIGA 9/28 GAZEBO DEPOSIT RFD 100.00 Vendor 05337 - REBECCA HIGA Total: 100.00
Vendor: 05676 - ROSARIO LAMOUREUX
10/15/2024 APA001733 ROSARIO LAMOUREUX 8/1-9/5 SEWING 468.00 Vendor 05676 - ROSARIO LAMOUREUX Total: 468.00
Vendor: 02535 - SMART & FINAL
10/15/2024 APA001752 SMART & FINAL 9/18 KITCHEN SUPPLIES/PD 105.58 10/15/2024 APA001752 SMART & FINAL 8/7 TRNG SUPPLIES/PW 6.56 10/15/2024 APA001752 SMART & FINAL 9/26 RRW SUPPLIES/PD 300.00 10/15/2024 APA001752 SMART & FINAL 9/23 SUPPLIES/REC 166.49 10/15/2024 APA001752 SMART & FINAL 9/23 SUPPLIES/INSPOTEEN 5.77 Vendor 02535 - SMART & FINAL Total: 584.40
Vendor: 02640 - SO CAL GAS COMPANY
10/2 8415 16.27

MEADOWLARK/BOOSTER
10/15/2024 39691 SO CAL GAS COMPANY
10/15/2024 39691 SO CAL GAS COMPANY 10/2 8441 MOODY/CY 39.72 10/15/2024 39691 SO CAL GAS COMPANY 10/2 7821 WALKER/REAR GEN 28.58 10/15/2024 39691 SO CAL GAS COMPANY 10/2 7792 WALKER/PD 1,039.15 10/15/2024 39691 SO CAL GAS COMPANY 10/2 7821 WALKER/CC&CP 80.42 10/15/2024 39691 SO CAL GAS COMPANY 10/4 6800 WALKER/WW 67.60 Vendor 02640 - SO CAL GAS COMPANY Total: 1,271.74
Vendor: 02556 - SOUTHERN CALIFORNIA EDISON
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 9/25 8400 MOODY/PED 22.74 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 9/25 5712 LA PALMA TC1 62.95 9/27 8415 15,774.79

MEADOWLARK/BSTR
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS…
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 9/30 4772 LP AVE/SPRINKLERS 3.54 10/1 LS-1/ALL NIGHT ADD'L 49.65
LAMPS
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS…
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 LS-1/ALL NIGHT 13,936.46 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 LS-2/METERED 443.45 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 WALKER/91 FWY LAMPS 126.90 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 LS-2/8172 MOODY 36.20 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 LS-2 8231-1/2 WALKER 18.08 10/1 7711 MDY/ORGTHRPE 38.65

SPRINKLER
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS…
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 6750 WALKER SPRINKLER 15.11 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 LP/COMSTOCK SPRINKLER 15.24 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 7711 FURMAN RD POLE 99.87 10/1 LAURELWOOD/SCE 31.55
LAMPS
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS…
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 7792 WALKER/PD 10,534.70 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 7821 WALKER/CC&CP 7,344.41 10/1 7872-1/2 DENNI 15.24

SPRINKLER
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS…
10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 6800 WALKER/PUMP 12,029.33

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 8 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount 10/15/2024 39698 SOUTHERN CALIFORNIA EDIS… 10/1 BYRNE/WALKER LAMPS 112.83 Vendor 02556 - SOUTHERN CALIFORNIA EDISON Total: 60,711.69 Vendor: 02568 - STAPLES BUSINESS ADVANTAGE
10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/18 OFFICE SUPPLIES/PD 67.88 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/17 OFFICE SUPPLIES/REC 69.58 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/17 OFFICE SUPPLIES/REC 139.91 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/18 OFFICE SUPPLIES/PD 24.37 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/18 OFFICE SUPPLIES/PD 21.63 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/18 OFFICE SUPPLIES/PD 34.45 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/18 OFFICE SUPPLIES/REC 126.40 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/19 OFFICE SUPPLIES/REC 10.93 10/15/2024 APA001754 STAPLES BUSINESS ADVANTA… 9/19 OFFICE SUPPLIES/REC 7.08 Vendor 02568 - STAPLES BUSINESS ADVANTAGE Total: 502.23 Vendor: 02576 - STEP SAVER INC
9/30 WTR TREATMENT 201.78

SUPPLIES/CY
10/15/2024 APA001755 STEP SAVER INC
9/30 WTR TREATMENT 405.68

SUPPLIES/WW
10/15/2024 APA001755 STEP SAVER INC
Vendor 02576 - STEP SAVER INC Total: 607.46
Vendor: 04122 - TAN NGUYEN OR WEST GROVE VOLLEYBALL LLC 10/15/2024 APA001742 TAN NGUYEN OR WEST GROVE…9/8-9/29 ADV VOLLEYBALL 95.55 10/15/2024 APA001742 TAN NGUYEN OR WEST GROVE…9/8-9/29 INT VOLLEYBALL 31.85 Vendor 04122 - TAN NGUYEN OR WEST GROVE VOLLEYBALL LLC Total: 127.40 Vendor: 02700 - TYLER TECHNOLOGIES INC
OCT'24-APR'25 INCODE TCM 6,963.67

MAINT/FIN
10/15/2024 APA001760 TYLER TECHNOLOGIES INC
Vendor 02700 - TYLER TECHNOLOGIES INC Total: 6,963.67
Vendor: 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION PARS Part Time Retirement 687.42
Contributions
10/03/2024 APA001705 U S BANK INSTITUTIONAL TRU…
Vendor 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION Total: 687.42 Vendor: 02712 - UNDERGROUND SERVICE ALERT
10/15/2024 APA001761 UNDERGROUND SERVICE ALE… (29)DIG-ALERT NOTICES/PW 31.83 10/15/2024 APA001761 UNDERGROUND SERVICE ALE… (29)DIG-ALERT NOTICES/PW 31.82 Vendor 02712 - UNDERGROUND SERVICE ALERT Total: 63.65
Vendor: 05555 - UNISPEC CONSTRUCTION INC.
10/15/2024 2195 UNISPEC CONSTRUCTION INC. LESS 5% RETENTION/ST-371 -10,876.42 10/15/2024 2195 UNISPEC CONSTRUCTION INC. MEDIAN ISLANDS PROJ/ST-371 217,528.56 Vendor 05555 - UNISPEC CONSTRUCTION INC. Total: 206,652.14 Vendor: 02730 - VALVERDE CONSTRUCTION
9/10 EMERG WTR RPR/5831 5,090.20

CRESTVIEW
10/15/2024 APA001763 VALVERDE CONSTRUCTION
Vendor 02730 - VALVERDE CONSTRUCTION Total: 5,090.20
Vendor: 04645 - VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-61
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QTRLY BIT 95.00
INSPECTION/LP-62
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-56
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-57
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-56
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-32
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-33
10/15/2024 APA001764 VARTANIAN ON WHEELS

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Warrant Register Payable Dates: 10/2/2024 - 10/15/2024
10/15/2024 1:37:25 PM Page 9 of 11
Payment Date Payment Number Vendor Name Description (Item) Amount 9/19 QRTLY BIT 95.00
INSPECTION/LP-20
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-62
10/15/2024 APA001764 VARTANIAN ON WHEELS
9/19 QRTLY BIT 95.00
INSPECTION/LP-64
10/15/2024 APA001764 VARTANIAN ON WHEELS
Vendor 04645 - VARTANIAN ON WHEELS Total: 950.00
Vendor: 02742 - VERIZON WIRELESS
10/15/2024 APA001765 VERIZON WIRELESS 9/16 CELL PHONES/REC 29.86 10/15/2024 APA001765 VERIZON WIRELESS 9/16 MACHINE TO MACHINE 150.15 10/15/2024 APA001765 VERIZON WIRELESS 9/17-10/16 DATA ACCESS/WTR 140.14 9/17-10/16 SEDARU DATA 46.20

PLAN/WTR
10/15/2024 APA001765 VERIZON WIRELESS
Vendor 02742 - VERIZON WIRELESS Total: 366.35
Vendor: 05701 - WENDY MURAKAMI
10/15/2024 APA001739 WENDY MURAKAMI 1275 HOOPSTER TOTS RFD 95.00 Vendor 05701 - WENDY MURAKAMI Total: 95.00
Vendor: 02763 - WEST COAST ARBORISTS INC
7/24-25 TREE PRUNING & 7,854.00

STUMP RMVL/HOUSTON
10/15/2024 APA001767 WEST COAST ARBORISTS INC
8/23 TREE PRUNING & STUMP 890.00

RMVL/CITYWIDE
10/15/2024 APA001767 WEST COAST ARBORISTS INC
Vendor 02763 - WEST COAST ARBORISTS INC Total: 8,744.00 Vendor: 02801 - YOUNG LEADERS OF ORANGE COUNTY
9/14-9/28 MATH 292.50

COMPETITION
10/15/2024 APA001770 YOUNG LEADERS OF ORANGE …
Vendor 02801 - YOUNG LEADERS OF ORANGE COUNTY Total: 292.50 Grand Total: 505,132.99

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Agenda Item No. 4 November 5, 2024 | 1
City of La Palma
Agenda Item No. 4
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: First Quarter Cash and Investment Report, Fiscal Year 2024-25 RECOMMENDED ACTION:

It is recommended that the City Council receive and file the Cash and Investment Report for the first quarter of Fiscal Year 2024-25.

SUMMARY:

In accordance with the City’s Statement of Investment Policy, a quarterly report is prepared to provide the status of the investment portfolio. The cash and investments of all funds are pooled, and no assets are held by fiscal agents. Guided by state law and the City’s Investment Policy, the primary investment objective is to safeguard the principal of the invested funds. The secondary objective is to meet the liquidity needs of the entities, and the third objective is to achieve a return on the invested funds.

Although all investments contain an element of risk, the pooled investments are designed to limit exposure to risk and provide liquidity while still generating investment income.

A combination of demand deposit accounts and the Local Agency Investment Fund (LAIF) is used to provide sufficient liquidity to meet the City’s short-term operating requirements. Funds that are unlikely to be spent in the near future are kept in a portfolio that is actively managed by an investment advisor in accordance with the Investment Policy.

Information on the investment portfolio as of September 30, 2024, is as follows:

Short-term Operating Requirements
• Monies held in demand deposit accounts and cash on hand total $2,807,416 • Monies held by Corpay total $208,133
• Monies held in the Local Agency Investment Fund total $16,414,258 o Market value totals $16,448,089
o LAIF fund effective yield for each month during the quarter:
▪ 4.516%, month 1
▪ 4.579% month
▪ 24.575%, month 3
o LAIF fund average life is 231 days

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Agenda Item No. 4 November 5, 2024 | 2
Managed Portfolio
• Book value totals $26,582,928
• Market value totals $26,960,813 per US Bank (custodian) and $26,956,966 per PFM (investment manager)
o $13,713,974 US Treasury Bond/Note (50.87%)
o $2,390,242 Federal Agency Commercial (8.87%)
o $5,402,663 Corporate Note (20.04%)
o $714,891 Certificates of Deposit (2.65%)
o $4,648,734 Asset-Backed Security (17.25%)
o $86,462 Money Market (0.32%)
• Yield to maturity (based on cost) is 4.44%
• Yield to maturity (based on market value) is 3.92%
• Weighted average maturity is 836 days
• All investments mature within five years of the quarter-end Interest Rate Yield
The following table presents U.S. Treasury yields as of September 30, 2024, and for all quarters back to September 30, 2022. After making no change to interest rates since July 2023, the Federal Reserve lowered interest rates at its September 18, 2024 meeting for the first time in four years. Consequently, yield rates at the end of the quarter were lower for all maturity levels.

Treasury Yield Curve Rates
Quarter End Date 6 Month 1 Year 2 Year 3 Year 5 Year 10 Year September 30, 2022 3.92% 4.05% 4.22% 4.25% 4.06% 3.83%
December 31, 2022 4.76% 4.73% 4.41% 4.22% 3.99% 3.88%
March 31, 2023 4.94% 4.64% 4.06% 3.81% 3.60% 3.48%
June 30, 2023 5.47% 5.40% 4.87% 4.49% 4.13% 3.81%
September 30, 2023 5.53% 5.46% 5.03% 4.80% 4.60% 4.59%
December 31, 2023 5.26% 4.79% 4.23% 4.01% 3.84% 3.88%
March 31, 2024 5.38% 5.03% 4.59% 4.40% 4.21% 4.20%
June 30, 2024 5.33% 5.09% 4.71% 4.52% 4.33% 4.36%
September 30, 2024 4.38% 3.98% 3.66% 3.58% 3.58% 3.81%
This table can be used to compare the LAIF and managed portfolio yields against the U.S. Treasury yields. At the quarter end, the LAIF fund’s effective yield (4.575%) and the managed portfolio’s yield based on cost (4.44%) were higher than Treasury yield rates for all maturities. The managed portfolio’s yield based on market (3.92%) was lower than Treasury yield rates for maturities of one year and less and was higher than all other maturity levels.

Managed Portfolio Market Value
Until investments are sold, any difference between market and book value is an unrealized gain or

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Agenda Item No. 4 November 5, 2024 | 3
loss. During the first quarter of fiscal year 2024-25, the City’s investment managers sold certain investments before their maturity date and realized net losses totaling $14,657.

For the first time within the past two years, market values are above book value, resulting in an unrealized gain at the end of the quarter. Since market values have an inverse relationship with interest rates, as interest rates decrease, market values increase. The following chart shows the comparison of the managed portfolio’s book value versus market value over the past two years:

FISCAL IMPACT:

There is no fiscal impact.

Quarter End Date Book Value
Market Value per Custodian
(US Bank)
Unrealized
Gain/(Loss)
September 30, 2022 $25,862,890 $24,627,866 ($1,235,024) December 31, 2022 $25,871,233 $24,816,260 ($1,054,973)
March 31, 2023 $25,882,344 $25,139,728 ($742,616)
June 30, 2023 $25,853,547 $25,070,092 ($783,455)
September 30, 2023 $25,892,819 $25,254,108 ($638,711)
December 31, 2023 $25,942,487 $25,871,881 ($70,606)
March 31, 2024 $26,101,690 $25,988,635 ($113,055)
June 30, 2024 $26,290,427 $26,191,407 ($99,020)
September 30, 2024 $26,582,928 $26,960,813 $377,885
ATTACHMENTS:

1. Cash and Investment Report – September 30, 2024

2. Cash and Investment Portfolio Book Value by Type Chart – September 30, 2024

3. PFM Funds, Managed Account Detail of Securities Held – September 30, 2024

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ATTACHMENT 1

CITY OF LA PALMA
Cash and Investment ReportSeptember 30, 2024
Source of
Purchase Maturity Interest Face Book Market Market
Investment Type Issuer Date Date Rate Value Value Value Valuation Pooled Deposits and Investments*
Local Agency Investment Fund State NA NA 4.710% 16,414,258 $ 16,414,258 $ 16,448,089 $ LAIFVarious eligible securities PFM Fund Manager (various issuers) NA various 4.440% 26,732,302 26,582,928 26,960,813 US Bank Deposit accounts NA NA NA NA 2,799,991 2,799,991 2,799,991 NACash on hand NA NA NA NA 7,425 7,425 NA 7,425 Funds with Corpay NA NA NA NA 208,133 208,133 208,133 NA Total Pooled Deposits and Investments $ 46,012,735 46,162,109 $ 46,424,451 $ * The City and Successor Agency pool all cash and investments and neither has monies held by a fiscal agent. Amounts from the pool are available to each entity on demand.

Conal McNamara, City Manager
I certify that this investment portfolio is in conformity with the January 2022 Statement of Investment Policy of the City of La Palma as stated in City Council Resolution No. 2022-02. The Investment Program provides sufficient liquidity to meet the next six months' estimated expenditures.

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ATTACHMENT 2
Local Agency
Investment Fund
$16,414,258
36%
PFM Investments
$26,582,928
58%
Funds with Corpay
$208,133
0%
Cash & Deposits
$2,807,416
6%
Cash and Investment Portfolio
Book Value by Type
September 30, 2024

Page 48 of 398 ends

CITY OF LA PALMA

ACCOUNT STATEMENT
For the Month Ending
September 30, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LA PALMA
MR. RYAN HALLETT HINTON
7822 WALKER STREET
LA PALMA, CA 90623
Client Management Team
Accounts included in Statement
995341 OPERATING PORTFOLIO
Online Access www.pfmam.com Customer Service 1-800-338-3383 Important Messages
PFM AM will be closed on 10/14/2024 for Columbus Day.

PFM AM will be closed on 11/11/2024 for Veterans Day.

Richard Babbe, CCM
Senior Managing Consultant
633 W 5th St., 25th Floor
Los Angeles, CA 90071
949-230-6896
[email protected]

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For the Month Ending September 30, 2024
Account Statement
Important Disclosures
Important Disclosures
Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

In August 2024, PFMAM converted its portfolio accounting system from FIS Investment Accounting Manager to SS&C PORTIA. The new system has recalculated the amortized cost and yield to maturity at cost of each security, based upon original cost and settlement date. Some securities, including some factored securities and previously exchanged securities, are now on a modified amortization schedule as compared with that of the past. Where transfers have occurred between your portfolios we have returned their settlement dates to the settlement dates of the original purchases in order to minimize any impact to their amortization schedules.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management LLC
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management LLC ("PFMAM") is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are marketed through representatives of PFMAM's affiliate, PFM Fund Distributors, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by 365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

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Account Statement - Transaction Summary For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
26,694,435.46
1,829,414.97
(1,775,241.99)
121,895.49
$26,870,503.93
PFMAM Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 103,244.13
September 30, 2024 August 31, 2024
Asset Summary
PFMAM Managed Account 26,870,503.93 26,694,435.46
Total $26,870,503.93 $26,694,435.46
Asset Allocation
100.00%
PFMAM Managed
Account
Account 995341 Page 1

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Managed Account Summary Statement For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$0.00

0.00 0.00
$0.00

0.00 $26,694,435.46
(206,279.52)
(1,568,962.47)
1,829,414.97

0.00 121,895.49
$26,870,503.93
$26,694,435.46
$26,870,503.93
97,115.21
(2,883.83)
9,012.75
$103,244.13

0.00 1,584,776.42
81,301.26
206,279.52
(1,832,298.80)
(518.00)

0.00 Managed Account Total
26,552,074.45 26,552,074.45
235,580.61
1,584,776.42
206,279.52
81,301.26
(1,832,298.80)
(26,489,600.97)
(236,905.34)

0.00 235,580.61
1,584,776.42
206,279.52
81,301.26
(1,832,298.80)
(26,489,600.97)
(236,905.34)

0.00 Total Accrual Basis Earnings $101,207.15 $101,207.15 Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $86,461.86
Account 995341 Page 2

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Portfolio Summary and Statistics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 13,525,000.00 13,713,974.08 51.03 Federal Agency Commercial
Mortgage-Backed Security
2,429,844.66 2,390,242.29 8.90
Corporate Note 5,360,000.00 5,402,663.08 20.11
Certificate of Deposit 700,000.00 714,890.65 2.66
Asset-Backed Security 4,630,995.82 4,648,733.83 17.30
Managed Account Sub-Total 26,645,840.48 26,870,503.93 100.00% Accrued Interest 235,580.61
Total Portfolio 26,645,840.48 27,106,084.54
Unsettled Trades 0.00 0.00
Sector Allocation

17.30%
ABS

2.66%
Cert of Deposit

20.11%
Corporate Note

8.90%
Federal Agency
Commercial
Mortgage-Backed
Security

51.03%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

0.75%

3.37%

33.84%

51.17%

5.89% 4.98%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 836

4.44%

3.92%
Account 995341 Page 3

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Managed Account Issuer Summary For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Credit Quality (S&P Ratings)

5.16%
A

6.97%
A+

6.67%
A59.93%
AA+

3.06%
AA13.52%
AAA

0.91%
BBB+

3.78%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 81,912.96 0.30
Ally Auto Receivables Trust 420,378.57 1.56
American Express Co 246,370.30 0.92
ANZ Group Holdings Ltd 273,512.97 1.02
BA Credit Card Trust 142,115.61 0.53
Bank of America Corp 148,944.60 0.55
BlackRock Inc 132,493.40 0.49
BMW Vehicle Lease Trust 78,060.20 0.29
BP PLC 143,931.48 0.54
Bristol-Myers Squibb Co 40,840.16 0.15
Capital One Financial Corp 377,169.03 1.40
CarMax Inc 330,085.36 1.23
Caterpillar Inc 171,735.42 0.64
Charles Schwab Corp 95,314.20 0.35
Cintas Corp 54,592.07 0.20
Cisco Systems Inc 163,475.52 0.61
CNH Equipment Trust 3,763.55 0.01
Cooperatieve Rabobank UA 393,350.10 1.46
Deere & Co 178,130.19 0.66
Discover Card Execution Note Trust 282,838.23 1.05
Eli Lilly & Co 131,755.91 0.49
Federal Home Loan Mortgage Corp 2,261,980.27 8.43
Federal National Mortgage Association 128,262.02 0.48
Fifth Third Auto Trust 177,480.80 0.66
Ford Credit Auto Owner Trust 195,806.84 0.73
General Dynamics Corp 167,338.68 0.62
GM Financial Consumer Automobile Receiv 528,891.71 1.98 Goldman Sachs Group Inc 81,284.32 0.30
Groupe BPCE 206,604.40 0.77
Harley-Davidson Inc 140,754.48 0.52
Home Depot Inc 97,108.08 0.36
Honda Auto Receivables Owner Trust 121,141.08 0.45
Account 995341 Page 4

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Managed Account Issuer Summary For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Issuer of Holdings Percent
Market Value
Honda Motor Co Ltd 137,599.76 0.51
Honeywell International Inc 132,589.21 0.49
Hormel Foods Corp 112,046.76 0.42
Hyundai Auto Receivables Trust 304,682.99 1.13
International Business Machines Corp 179,209.80 0.67
JPMorgan Chase & Co 656,924.12 2.45
Mastercard Inc 60,428.04 0.22
Mercedes-Benz Auto Receivables Trust 226,895.76 0.84
Morgan Stanley 148,572.45 0.55
National Rural Utilities Cooperative Fi 183,371.90 0.68 Nissan Auto Receivables Owner Trust 469,825.83 1.75
Nordea Bank Abp 254,064.25 0.95
PACCAR Inc 71,051.40 0.26
PNC Financial Services Group Inc 95,051.57 0.35
State Street Corp 344,289.17 1.28
Texas Instruments Inc 116,811.94 0.43
Toronto-Dominion Bank 254,222.00 0.95
Toyota Auto Receivables Owner Trust 367,454.24 1.37
Toyota Motor Corp 133,186.92 0.50
Truist Financial Corp 165,762.23 0.62
Unilever PLC 100,973.40 0.38
United States Treasury 13,713,974.08 51.05
UnitedHealth Group Inc 198,528.33 0.74
Volkswagen Auto Loan Enhanced Trust 23,854.96 0.09
Wells Fargo & Co 395,362.42 1.47
World Omni Auto Trust 26,347.89 0.10
Total $26,870,503.93 100.00%
Account 995341 Page 5

Page 55 of 398 ends

US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
91282CGV7 25,000.00 AA+ Aaa 05/16/23 05/18/23 24,978.52 3.78 432.89 24,988.66 24,999.03

US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
91282CGV7 250,000.00 AA+ Aaa 06/12/23 06/13/23 246,494.14 4.28 4,328.89 248,103.39 249,990.25

US TREASURY N/B
DTD 05/15/2023 3.625% 05/15/2026
91282CHB0 625,000.00 AA+ Aaa 06/01/23 06/05/23 618,798.83 3.98 8,557.66 621,590.80 623,950.00

US TREASURY N/B
DTD 06/15/2023 4.125% 06/15/2026
91282CHH7 200,000.00 AA+ Aaa 05/08/24 05/10/24 197,242.19 4.82 2,434.43 197,739.49 201,336.00

US TREASURY N/B
DTD 06/15/2023 4.125% 06/15/2026
91282CHH7 525,000.00 AA+ Aaa 06/29/23 06/30/23 521,390.63 4.37 6,390.37 522,923.19 528,507.00

US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
91282CHM6 100,000.00 AA+ Aaa 08/23/24 08/26/24 100,871.09 4.01 953.80 100,827.41 101,371.10

US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
91282CHM6 150,000.00 AA+ Aaa 05/23/24 05/28/24 148,869.14 4.87 1,430.71 149,044.08 152,056.65

US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
91282CHM6 250,000.00 AA+ Aaa 08/03/23 08/04/23 249,443.36 4.58 2,384.51 249,662.71 253,427.75

US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
91282CHM6 350,000.00 AA+ Aaa 07/26/23 07/27/23 349,726.56 4.53 3,338.32 349,835.53 354,798.85

US TREASURY N/B
DTD 07/17/2023 4.500% 07/15/2026
91282CHM6 500,000.00 AA+ Aaa 08/01/23 08/03/23 499,062.50 4.57 4,769.02 499,432.45 506,855.50

US TREASURY N/B
DTD 08/15/2023 4.375% 08/15/2026
91282CHU8 300,000.00 AA+ Aaa 09/27/23 09/28/23 295,957.03 4.88 1,676.29 297,375.14 303,714.90

US TREASURY N/B
DTD 08/15/2023 4.375% 08/15/2026
91282CHU8 500,000.00 AA+ Aaa 09/07/23 09/12/23 495,527.34 4.70 2,793.82 497,139.68 506,191.50

US TREASURY N/B
DTD 08/15/2023 4.375% 08/15/2026
91282CHU8 500,000.00 AA+ Aaa 09/12/23 09/15/23 495,292.97 4.72 2,793.82 496,981.31 506,191.50

US TREASURY N/B
DTD 09/15/2023 4.625% 09/15/2026
91282CHY0 600,000.00 AA+ Aaa 10/03/23 10/05/23 595,781.25 4.88 1,226.52 597,133.02 610,687.80 Account 995341 Page 6

Page 56 of 398 ends

US TREASURY N/B
DTD 10/16/2023 4.625% 10/15/2026
91282CJC6 850,000.00 AA+ Aaa 11/07/23 11/10/23 848,041.02 4.71 18,152.49 848,609.99 865,904.35

US TREASURY N/B
DTD 11/15/2023 4.625% 11/15/2026
91282CJK8 800,000.00 AA+ Aaa 12/06/23 12/08/23 806,343.75 4.33 13,975.54 804,663.59 815,812.80

US TREASURY N/B
DTD 12/15/2023 4.375% 12/15/2026
91282CJP7 650,000.00 AA+ Aaa 01/04/24 01/08/24 654,113.28 4.14 8,391.39 653,135.44 660,156.25

US TREASURY N/B
DTD 01/16/2024 4.000% 01/15/2027
91282CJT9 725,000.00 AA+ Aaa 02/01/24 02/06/24 725,538.09 3.97 6,146.74 725,425.48 730,777.52

US TREASURY N/B
DTD 02/15/2024 4.125% 02/15/2027
91282CKA8 225,000.00 AA+ Aaa 02/13/24 02/16/24 223,330.08 4.39 1,185.38 223,661.54 227,540.03

US TREASURY N/B
DTD 02/15/2024 4.125% 02/15/2027
91282CKA8 750,000.00 AA+ Aaa 03/07/24 03/11/24 746,396.48 4.30 3,951.26 747,050.89 758,466.75

US TREASURY N/B
DTD 03/15/2024 4.250% 03/15/2027
91282CKE0 125,000.00 AA+ Aaa 04/01/24 04/03/24 124,106.45 4.51 234.81 124,247.97 126,899.37

US TREASURY N/B
DTD 03/15/2024 4.250% 03/15/2027
91282CKE0 325,000.00 AA+ Aaa 04/10/24 04/12/24 320,543.95 4.76 610.50 321,217.09 329,938.37

US TREASURY N/B
DTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 300,000.00 AA+ Aaa 05/08/24 05/10/24 298,675.78 4.66 6,233.61 298,843.69 306,445.20

US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1 100,000.00 AA+ Aaa 06/25/24 06/26/24 99,972.66 4.51 1,699.73 99,975.05 102,230.50

US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1 900,000.00 AA+ Aaa 06/06/24 06/10/24 899,648.44 4.51 15,297.55 899,685.17 920,074.50

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 250,000.00 AA+ Aaa 06/27/24 06/28/24 250,869.14 4.50 3,411.89 250,797.29 256,670.00

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 275,000.00 AA+ Aaa 07/10/24 07/11/24 276,654.30 4.40 3,753.07 276,535.31 282,337.00

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 300,000.00 AA+ Aaa 07/08/24 07/09/24 301,828.13 4.40 4,094.26 301,693.12 308,004.00 Account 995341 Page 7

Page 57 of 398 ends

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 375,000.00 AA+ Aaa 07/01/24 07/05/24 375,424.80 4.58 5,117.83 375,392.46 385,005.00

US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 125,000.00 AA+ Aaa 08/01/24 08/02/24 126,435.55 3.96 1,159.14 126,360.38 127,578.13

US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 250,000.00 AA+ Aaa 08/08/24 08/09/24 253,349.61 3.89 2,318.27 253,193.67 255,156.25

US TREASURY N/B
DTD 08/15/2024 3.750% 08/15/2027
91282CLG4 475,000.00 AA+ Aaa 09/05/24 09/06/24 476,781.25 3.61 2,274.97 476,743.14 477,115.18

US TREASURY N/B
DTD 08/15/2024 3.750% 08/15/2027
91282CLG4 850,000.00 AA+ Aaa 09/04/24 09/05/24 852,722.66 3.63 4,070.99 852,661.00 853,785.05 Security Type Sub-Total 13,525,000.00 13,500,210.97 4.37 145,590.47 13,512,669.13 13,713,974.08 Federal Agency Commercial Mortgage-Backed Security
FHMS K041 A2
DTD 12/01/2014 3.171% 10/01/2024
3137BFE98 48,837.51 AA+ Aaa 08/30/22 09/02/22 48,194.61 3.81 129.05 48,817.55 48,673.81 FHMS K046 A2
DTD 06/01/2015 3.205% 03/01/2025
3137BJP64 123,672.41 AA+ Aaa 08/03/22 08/08/22 122,749.69 3.50 330.31 123,502.87 122,649.39 FHMS K047 A2
DTD 07/01/2015 3.329% 05/01/2025
3137BKRJ1 173,120.53 AA+ Aaa 05/19/22 05/24/22 174,229.58 3.11 480.27 173,360.60 171,584.26 FHMS K049 A2
DTD 10/01/2015 3.010% 07/01/2025
3137BLMZ8 247,432.59 AA+ Aaa 08/11/22 08/16/22 243,943.40 3.51 620.64 246,463.92 244,425.54 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
3137FJXQ7 116,147.48 AA+ Aaa 03/06/23 03/09/23 112,499.71 5.10 362.96 114,813.53 115,334.79 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 121,657.18 AA+ Aaa 08/05/22 08/10/22 120,773.27 3.55 335.37 121,379.05 120,310.19 FHMS K053 A2
DTD 03/01/2016 2.995% 12/01/2025
3137BN6G4 175,000.00 AA+ Aaa 08/04/22 08/09/22 172,983.40 3.35 436.77 174,263.68 172,400.55 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 125,000.00 AA+ Aaa 03/01/23 03/06/23 117,714.84 4.90 285.94 121,676.45 122,667.00 Account 995341 Page 8

Page 58 of 398 ends

Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 130,923.96 AA+ Aaa 10/06/22 10/12/22 123,518.57 4.51 294.80 127,847.03 128,262.02 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 125,000.00 AA+ Aaa 03/02/23 03/07/23 116,240.23 4.81 267.71 120,296.48 121,956.00 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 125,000.00 AA+ Aaa 05/18/23 05/23/23 118,857.42 4.22 267.71 121,482.27 121,956.00 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 125,000.00 AA+ Aaa 10/05/23 10/11/23 115,981.45 5.05 237.71 119,125.37 121,415.38 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 175,000.00 AA+ Aaa 04/12/23 04/17/23 167,036.13 4.10 386.90 170,490.66 170,597.35 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 125,000.00 AA+ Aaa 11/15/23 11/20/23 118,393.55 5.11 325.00 120,285.89 122,857.63 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 83,386.50 AA+ Aaa 05/19/23 05/24/23 80,819.76 4.29 232.58 81,811.04 82,121.94 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 190,000.00 AA+ Aaa 10/17/23 10/20/23 179,134.38 5.33 543.08 182,287.72 187,725.51 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 125,000.00 AA+ Aaa 06/17/24 06/21/24 119,248.05 4.80 337.92 119,714.13 122,663.63 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 94,666.50 AA+ Aaa 06/17/24 06/21/24 90,088.49 4.78 251.42 90,449.28 92,641.30 Security Type Sub-Total 2,429,844.66 2,342,406.53 4.27 6,126.14 2,378,067.52 2,390,242.29 Corporate Note

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 30,000.00 BBB+ A2 03/01/22 03/04/22 29,969.70 2.29 50.63 29,995.71 29,688.30 CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 55,000.00 A- A3 04/26/22 05/03/22 54,987.90 3.46 790.63 54,997.64 54,592.07 Account 995341 Page 9

Page 59 of 398 ends

NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 20,000.00 A- A2 04/27/22 05/04/22 19,994.60 3.92 203.17 19,998.78 19,854.52

IBM CORP
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 180,000.00 A- A3 07/20/22 07/27/22 180,000.00 4.00 1,280.00 180,000.00 179,209.80

PNC FINANCIAL SERVICES (CALLABLE)
DTD 10/28/2022 5.671% 10/28/2025
693475BH7 80,000.00 A- A3 10/25/22 10/28/22 80,000.00 5.67 1,928.14 80,000.00 79,998.00

NATIONAL RURAL UTIL COOP
DTD 10/31/2022 5.450% 10/30/2025
63743HFF4 25,000.00 A- A2 10/20/22 10/31/22 24,966.50 5.50 571.49 24,987.93 25,322.20

BANK OF AMERICA CORP (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 150,000.00 A- A1 12/01/21 12/06/21 150,000.00 1.53 733.13 150,000.00 148,944.60

COOPERAT RABOBANK UA/NY
DTD 01/09/2024 4.850% 01/09/2026
21688ABA9 390,000.00 A+ Aa2 01/02/24 01/09/24 389,851.80 4.87 4,308.42 389,904.53 393,350.10

STATE STREET CORP (CALLABLE)
DTD 02/07/2022 1.746% 02/06/2026
857477BR3 50,000.00 A A1 02/02/22 02/07/22 50,000.00 1.75 133.38 50,000.00 49,411.20

MORGAN STANLEY (CALLABLE)
DTD 02/18/2022 2.630% 02/18/2026
61747YEM3 150,000.00 A- A1 02/16/22 02/18/22 150,000.00 2.63 471.21 150,000.00 148,572.45

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/09/2023 4.450% 03/13/2026
63743HFH0 20,000.00 A- A2 02/02/23 02/09/23 19,985.80 4.47 44.50 19,993.35 20,097.88

AUST & NZ BANKING GRP NY
DTD 03/18/2024 5.000% 03/18/2026
05253JB26 270,000.00 AA- Aa2 03/11/24 03/18/24 270,000.00 5.00 487.50 270,000.00 273,512.97

STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
857477BM4 75,000.00 A A1 02/03/22 02/07/22 77,286.75 2.13 6.04 75,361.28 74,216.10

STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
857477BM4 125,000.00 A A1 02/17/22 02/22/22 127,516.25 2.38 10.07 125,402.87 123,693.50

WELLS FARGO & COMPANY
DTD 04/22/2016 3.000% 04/22/2026
949746RW3 100,000.00 BBB+ A1 03/28/23 03/30/23 94,080.00 5.11 1,325.00 96,986.28 98,229.00

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/26/2022 4.080% 04/26/2026
46647PCZ7 100,000.00 A- A1 04/19/22 04/26/22 100,000.00 4.08 1,756.67 100,000.00 99,497.50 Account 995341 Page 10

Page 60 of 398 ends

CHARLES SCHWAB CORP (CALLABLE)
DTD 05/13/2021 1.150% 05/13/2026
808513BR5 100,000.00 A- A2 08/01/24 08/02/24 93,667.00 4.91 440.83 94,226.41 95,314.20

CATERPILLAR FINL SERVICE
DTD 05/15/2023 4.350% 05/15/2026
14913UAA8 75,000.00 A A2 05/08/23 05/15/23 74,964.75 4.37 1,232.50 74,980.94 75,432.30

GENERAL DYNAMICS CORP (CALLABLE)
DTD 05/10/2021 1.150% 06/01/2026
369550BN7 175,000.00 A A2 10/31/23 11/02/23 157,043.25 5.47 670.83 163,402.53 167,338.68

JOHN DEERE CAPITAL CORP
DTD 06/08/2023 4.750% 06/08/2026
24422EWX3 65,000.00 A A1 06/05/23 06/08/23 64,962.30 4.77 969.13 64,978.81 65,906.10

AMERICAN HONDA FINANCE
DTD 07/07/2023 5.250% 07/07/2026
02665WEK3 55,000.00 A- A3 07/05/23 07/07/23 54,932.35 5.29 673.75 54,960.16 56,041.92

TRUIST FINANCIAL CORP (CALLABLE)
DTD 07/28/2022 4.260% 07/28/2026
89788MAH5 80,000.00 A- Baa1 07/25/22 07/28/22 80,000.00 4.26 596.40 80,000.00 79,674.40

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/07/2026
89236TMJ1 30,000.00 A+ A1 08/06/24 08/09/24 29,981.40 4.58 197.17 29,982.75 30,314.22

HOME DEPOT INC (CALLABLE)
DTD 12/04/2023 4.950% 09/30/2026
437076CV2 55,000.00 A A2 11/27/23 12/04/23 54,879.55 5.04 7.56 54,913.15 56,087.40

TRUIST FINANCIAL CORP (CALLABLE)
DTD 10/28/2022 5.900% 10/28/2026
89788MAJ1 85,000.00 A- Baa1 10/26/22 10/28/22 85,000.00 5.90 2,131.38 85,000.00 86,087.83

STATE STREET CORP (CALLABLE)
DTD 11/04/2022 5.751% 11/04/2026
857477BX0 25,000.00 A A1 11/01/22 11/04/22 25,000.00 5.75 587.08 25,000.00 25,331.35

AMERICAN EXPRESS CO (CALLABLE)
DTD 11/04/2021 1.650% 11/04/2026
025816CM9 100,000.00 BBB+ A2 06/18/24 06/20/24 92,036.00 5.26 673.75 92,927.14 95,062.00

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 11/02/2023 5.600% 11/13/2026
63743HFK3 40,000.00 A- A2 10/30/23 11/02/23 39,986.00 5.61 858.67 39,990.00 41,186.52

TOYOTA MOTOR CREDIT CORP
DTD 11/20/2023 5.400% 11/20/2026
89236TLD5 100,000.00 A+ A1 11/15/23 11/20/23 99,910.00 5.43 1,965.00 99,934.52 102,872.70

WELLS FARGO BANK NA (CALLABLE)
DTD 12/11/2023 5.254% 12/11/2026
94988J6F9 290,000.00 A+ Aa2 12/04/23 12/11/23 290,000.00 5.25 4,655.63 290,000.00 297,133.42 Account 995341 Page 11

Page 61 of 398 ends

CATERPILLAR FINL SERVICE
DTD 01/08/2024 4.500% 01/08/2027
14913UAE0 95,000.00 A A2 01/02/24 01/08/24 94,897.40 4.54 985.63 94,921.20 96,303.12

PNC FINANCIAL SERVICES (CALLABLE)
DTD 01/24/2023 4.758% 01/26/2027
693475BL8 15,000.00 A- A3 01/19/23 01/24/23 15,000.00 4.76 128.86 15,000.00 15,053.57

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2027
882508CE2 115,000.00 A+ Aa3 02/05/24 02/08/24 114,926.40 4.62 778.81 114,941.70 116,811.94

ELI LILLY & CO (CALLABLE)
DTD 02/09/2024 4.500% 02/09/2027
532457CJ5 130,000.00 A+ A1 02/07/24 02/09/24 129,931.10 4.52 845.00 129,945.42 131,755.91

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 02/22/2024 4.900% 02/22/2027
110122EE4 40,000.00 A A2 02/14/24 02/22/24 39,956.80 4.94 212.33 39,965.14 40,840.16

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.800% 02/26/2027
17275RBQ4 160,000.00 AA- A1 02/21/24 02/26/24 159,792.00 4.85 746.67 159,831.42 163,475.52

JOHN DEERE CAPITAL CORP
DTD 03/07/2024 4.850% 03/05/2027
24422EXM6 110,000.00 A A1 03/04/24 03/07/24 109,897.70 4.88 385.31 109,916.12 112,224.09

AMERICAN HONDA FINANCE
DTD 03/13/2024 4.900% 03/12/2027
02665WFD8 80,000.00 A- A3 03/11/24 03/13/24 79,956.00 4.92 206.89 79,963.72 81,557.84

STATE STREET CORP (CALLABLE)
DTD 03/18/2024 4.993% 03/18/2027
857477CL5 70,000.00 A A1 03/13/24 03/18/24 70,000.00 4.99 126.21 70,000.00 71,637.02

HORMEL FOODS CORP (CALLABLE)
DTD 03/08/2024 4.800% 03/30/2027
440452AK6 55,000.00 A- A1 03/05/24 03/08/24 54,946.65 4.84 7.33 54,957.87 56,023.38

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.850% 04/04/2027
00724PAE9 80,000.00 A+ A1 04/01/24 04/04/24 79,960.00 4.87 1,907.67 79,966.20 81,912.96

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 03/21/2024 4.600% 04/15/2027
91324PEY4 195,000.00 A+ A2 03/19/24 03/21/24 193,640.85 4.85 4,734.17 193,861.15 198,528.33

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 05/10/2024 5.100% 05/06/2027
63743HFR8 75,000.00 A- A2 05/07/24 05/10/24 74,953.50 5.12 1,498.13 74,959.28 76,910.78 Account 995341 Page 12

Page 62 of 398 ends

GOLDMAN SACHS BANK USA (CALLABLE)
DTD 05/21/2024 5.414% 05/21/2027
38151LAG5 80,000.00 A+ A1 05/15/24 05/21/24 80,000.00 5.41 1,564.04 80,000.00 81,284.32

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.875% 06/25/2027
437076DB5 40,000.00 A A2 06/17/24 06/25/24 39,867.60 5.00 520.00 39,878.73 41,020.68

BLACKROCK FUNDING INC (CALLABLE)
DTD 07/26/2024 4.600% 07/26/2027
09290DAH4 130,000.00 AA- Aa3 07/17/24 07/26/24 129,996.10 4.60 1,079.72 129,996.60 132,493.40

HONEYWELL INTERNATIONAL (CALLABLE)
DTD 08/01/2024 4.650% 07/30/2027
438516CX2 130,000.00 A A2 07/29/24 08/01/24 129,996.10 4.65 1,007.50 129,996.59 132,589.21

PACCAR FINANCIAL CORP
DTD 08/06/2024 4.450% 08/06/2027
69371RT30 70,000.00 A+ A1 08/01/24 08/06/24 69,906.90 4.50 475.90 69,911.54 71,051.40

UNILEVER CAPITAL CORP (CALLABLE)
DTD 08/12/2024 4.250% 08/12/2027
904764BU0 100,000.00 A+ A1 08/08/24 08/12/24 99,869.00 4.30 578.47 99,874.65 100,973.40

JPMORGAN CHASE & CO (CALLABLE)
DTD 10/23/2023 6.070% 10/22/2027
46647PDW3 120,000.00 A- A1 10/16/23 10/23/23 120,000.00 6.07 3,217.10 120,000.00 124,354.32

BP CAP MARKETS AMERICA (CALLABLE)
DTD 05/17/2024 5.017% 11/17/2027
10373QBY5 140,000.00 A- A1 05/15/24 05/17/24 140,000.00 5.02 2,614.41 140,000.00 143,931.48

MASTERCARD INC (CALLABLE)
DTD 09/05/2024 4.100% 01/15/2028
57636QBA1 60,000.00 A+ Aa3 09/03/24 09/05/24 59,967.00 4.12 177.67 59,967.82 60,428.04

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 100,000.00 A- A1 04/15/24 04/22/24 100,000.00 5.57 2,460.53 100,000.00 103,076.70

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/26/2024 5.043% 07/26/2028
025816DV8 20,000.00 BBB+ A2 07/22/24 07/26/24 20,000.00 5.04 182.11 20,000.00 20,428.90 Security Type Sub-Total 5,360,000.00 5,323,409.65 4.62 56,207.45 5,330,737.80 5,402,663.08 Certificate of Deposit

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 250,000.00 A A1 10/27/22 10/31/22 250,000.00 5.60 13,300.00 250,000.00 254,222.00

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 250,000.00 AA- Aa3 11/02/22 11/03/22 250,000.00 5.53 5,683.61 250,000.00 254,064.25 Account 995341 Page 13

Page 63 of 398 ends

NATIXIS NY BRANCH
DTD 09/20/2023 5.610% 09/18/2026
63873QP65 200,000.00 A+ A1 09/18/23 09/20/23 200,000.00 5.61 405.17 200,000.00 206,604.40 Security Type Sub-Total 700,000.00 700,000.00 5.58 19,388.78 700,000.00 714,890.65 Asset-Backed Security
CNH 2021-A A3
DTD 03/15/2021 0.400% 12/15/2025
12598AAC4 3,770.56 AAA NR 03/09/21 03/15/21 3,769.68 0.40 0.67 3,770.34 3,763.55 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 5,097.94 AAA NR 04/13/21 04/21/21 5,096.84 0.52 1.18 5,097.62 5,078.82 TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 21,583.79 AAA NR 11/09/21 11/15/21 21,583.33 0.71 6.81 21,583.63 21,326.97 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 14,109.92 AAA NR 11/09/21 11/17/21 14,106.77 0.75 4.64 14,108.78 13,979.81 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 27,752.56 AAA Aaa 07/21/21 07/28/21 27,747.99 0.56 6.78 27,750.96 27,355.39 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 24,110.53 AAA Aaa 12/07/21 12/13/21 24,109.58 1.02 7.51 24,110.17 23,854.96 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
05602RAD3 32,721.90 AAA Aaa 05/10/22 05/18/22 32,720.20 3.21 17.51 32,721.15 32,501.03 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 24,412.17 AAA Aaa 10/19/21 10/27/21 24,411.71 0.77 8.35 24,411.99 24,040.03 TAOT 2022-B A3
DTD 04/13/2022 2.930% 09/15/2026
89238FAD5 40,976.84 AAA Aaa 04/07/22 04/13/22 40,975.88 2.93 53.36 40,976.42 40,640.71 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 19,562.97 AAA Aaa 10/13/21 10/21/21 19,562.48 0.68 5.54 19,562.77 19,273.50 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 26,694.98 AAA NR 10/26/21 11/03/21 26,691.33 0.82 9.61 26,693.48 26,347.89 Account 995341 Page 14

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Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2022-A A3
DTD 03/16/2022 2.220% 10/15/2026
448977AD0 66,036.53 AAA NR 03/09/22 03/16/22 66,034.00 2.22 65.16 66,035.40 65,308.15 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
02008JAC0 75,955.18 AAA Aaa 05/10/22 05/18/22 75,940.48 3.31 111.74 75,948.24 75,438.16 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
380146AC4 21,970.33 AAA NR 01/11/22 01/19/22 21,968.41 1.26 11.53 21,969.48 21,671.44 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
44918MAD2 54,024.26 AAA NR 07/12/22 07/20/22 54,024.24 3.72 89.32 54,024.25 53,785.75 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 55,778.25 AAA Aaa 04/12/22 04/20/22 55,768.97 3.06 75.86 55,773.68 55,381.67 GMCAR 2022-2 A3
DTD 04/13/2022 3.100% 02/16/2027
362585AC5 39,107.62 AAA Aaa 04/05/22 04/13/22 39,099.44 0.00 50.51 39,103.61 38,775.75 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 54,141.49 AAA Aaa 04/21/22 04/28/22 54,133.26 3.49 83.98 54,137.42 53,764.61 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
89231CAD9 43,622.99 AAA NR 08/08/22 08/16/22 43,615.69 3.76 72.90 43,619.02 43,392.22 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
14043QAC6 50,848.50 AAA NR 04/26/22 05/04/22 50,837.38 3.17 71.64 50,842.79 50,349.52 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
448979AD6 80,000.00 AAA NR 04/04/23 04/12/23 79,992.19 4.58 162.84 79,995.05 80,087.20 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 106,118.42 AAA NR 07/12/22 07/20/22 106,115.92 3.97 187.24 106,117.08 105,632.51 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
36265WAD5 62,238.97 NR Aaa 07/06/22 07/13/22 62,238.54 3.64 94.40 62,238.74 61,902.07 DCENT 2022-A2 A
DTD 05/26/2022 3.320% 05/15/2027
254683CS2 125,000.00 NR Aaa 05/19/22 05/26/22 124,989.84 3.32 184.44 124,994.64 123,985.75 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 63,536.78 AAA Aaa 08/02/22 08/10/22 63,532.23 3.66 103.35 63,534.27 63,108.28 Account 995341 Page 15

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Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 109,851.53 AAA Aaa 09/20/22 09/28/22 109,828.80 4.46 217.75 109,838.65 109,759.48 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
02008MAC3 173,719.07 AAA Aaa 10/04/22 10/12/22 173,716.92 4.76 367.51 173,717.84 173,768.06 DCENT 2022-A3 A3
DTD 08/09/2022 3.560% 07/15/2027
254683CW3 160,000.00 AAA Aaa 08/02/22 08/09/22 159,980.14 3.56 253.16 159,988.77 158,852.48 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 137,446.12 AAA NR 10/26/22 10/31/22 137,413.89 5.35 326.21 137,426.78 138,254.03 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 171,794.77 AAA Aaa 11/15/22 11/22/22 171,760.78 5.21 397.80 171,774.13 172,655.29 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 214,777.00 AAA NR 10/04/22 10/12/22 214,741.79 4.82 431.34 214,756.10 215,073.17 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 80,000.00 AAA NR 01/24/23 01/30/23 79,999.96 4.63 164.62 79,999.97 80,192.56 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 54,233.86 AAA NR 01/18/23 01/25/23 54,227.35 4.51 108.71 54,229.63 54,240.47 NAROT 2023-A A3
DTD 04/26/2023 4.910% 11/15/2027
65480WAD3 155,000.00 NR Aaa 04/18/23 04/26/23 154,972.61 4.91 338.24 154,981.22 155,796.55 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 85,000.00 NR Aaa 02/13/23 02/23/23 84,991.44 5.05 190.78 84,994.30 85,372.81 TAOT 2023-B A3
DTD 05/23/2023 4.710% 02/15/2028
891941AD8 100,000.00 NR Aaa 05/16/23 05/23/23 99,994.41 4.71 209.33 99,996.01 100,519.70 GMCAR 2023-2 A3
DTD 04/12/2023 4.470% 02/16/2028
362583AD8 70,000.00 AAA Aaa 04/04/23 04/12/23 69,998.08 4.47 130.38 69,998.66 70,096.88 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 45,000.00 AAA NR 07/11/23 07/18/23 44,992.03 5.47 41.03 44,994.11 45,559.17 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 70,000.00 AAA NR 06/08/23 06/16/23 69,984.15 4.79 149.02 69,988.32 70,714.77 Account 995341 Page 16

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Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
344930AD4 75,000.00 AAA NR 06/21/23 06/26/23 74,998.99 5.23 174.33 74,999.25 75,905.48 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 90,000.00 NR Aaa 07/11/23 07/19/23 89,984.66 5.48 218.40 89,988.48 91,193.85 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 100,000.00 AAA NR 06/07/23 06/14/23 99,991.13 4.87 216.44 99,993.47 101,191.10 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 175,000.00 AAA Aaa 08/15/23 08/23/23 174,989.15 5.53 430.11 174,991.56 177,480.80 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 100,000.00 AAA NR 09/07/23 09/15/23 99,972.28 5.17 229.33 99,977.51 102,159.70 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 70,000.00 NR Aaa 12/07/23 12/14/23 69,990.60 4.98 154.93 69,992.19 71,400.84 NAROT 2024-A A3
DTD 05/22/2024 5.280% 12/15/2028
65479UAD0 200,000.00 NR Aaa 05/14/24 05/22/24 199,981.32 5.28 469.33 199,982.69 204,269.80 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 225,000.00 AAA NR 01/24/24 01/31/24 224,965.73 4.60 460.00 224,970.26 227,835.90 TAOT 2024-C A3
DTD 07/30/2024 4.880% 03/15/2029
89237QAD2 80,000.00 AAA NR 07/23/24 07/30/24 79,999.95 4.88 173.51 80,000.00 81,382.08 HART 2024-B A3
DTD 07/24/2024 4.840% 03/15/2029
44934QAD3 90,000.00 AAA NR 07/16/24 07/24/24 89,986.42 4.84 193.60 89,987.04 91,522.08 HAROT 2024-3 A3
DTD 08/21/2024 4.570% 03/21/2029
43813YAC6 120,000.00 NR Aaa 08/09/24 08/21/24 119,981.15 4.57 152.33 119,981.59 121,141.08 GMCAR 2024-3 A3
DTD 07/10/2024 5.130% 04/16/2029
38013KAD2 100,000.00 AAA Aaa 07/02/24 07/10/24 99,984.61 5.13 213.75 99,985.44 102,098.90 FORDO 2024-C A3
DTD 09/20/2024 4.070% 07/15/2029
34532UAD1 120,000.00 AAA NR 09/17/24 09/20/24 119,999.18 4.07 149.23 119,999.48 119,901.36 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 80,000.00 AAA NR 09/24/24 09/27/24 79,991.73 4.14 36.80 79,992.02 79,978.50 Account 995341 Page 17

Page 67 of 398 ends

Page 68 of 398 ends

1.47 3.67
US TREASURY N/B 91282CGV7 250,000.00 JPMorgan 100.00 249,990.25 3,496.11 1,886.86 DTD 04/17/2023 3.750% 04/15/2026

1.47 3.67
US TREASURY N/B 91282CHB0 625,000.00 JPMorgan 99.83 623,950.00 5,151.17 2,359.20 DTD 05/15/2023 3.625% 05/15/2026

1.55 3.66
US TREASURY N/B 91282CHH7 200,000.00 JPMorgan 100.67 201,336.00 4,093.81 3,596.51 DTD 06/15/2023 4.125% 06/15/2026

1.63 3.63
US TREASURY N/B 91282CHH7 525,000.00 Citigrou 100.67 528,507.00 7,116.37 5,583.81 DTD 06/15/2023 4.125% 06/15/2026

1.63 3.63
US TREASURY N/B 91282CHM6 100,000.00 JPMorgan 101.37 101,371.10 500.01 543.69 DTD 07/17/2023 4.500% 07/15/2026

1.70 3.62
US TREASURY N/B 91282CHM6 150,000.00 JPMorgan 101.37 152,056.65 3,187.51 3,012.57 DTD 07/17/2023 4.500% 07/15/2026

1.70 3.62
US TREASURY N/B 91282CHM6 250,000.00 WellsFar 101.37 253,427.75 3,984.39 3,765.04 DTD 07/17/2023 4.500% 07/15/2026

1.70 3.62
US TREASURY N/B 91282CHM6 350,000.00 WellsFar 101.37 354,798.85 5,072.29 4,963.32 DTD 07/17/2023 4.500% 07/15/2026

1.70 3.62
US TREASURY N/B 91282CHM6 500,000.00 WellsFar 101.37 506,855.50 7,793.00 7,423.05 DTD 07/17/2023 4.500% 07/15/2026

1.70 3.62
US TREASURY N/B 91282CHU8 300,000.00 TD Secur 101.24 303,714.90 7,757.87 6,339.76 DTD 08/15/2023 4.375% 08/15/2026

1.78 3.60
US TREASURY N/B 91282CHU8 500,000.00 JPMorgan 101.24 506,191.50 10,664.16 9,051.82 DTD 08/15/2023 4.375% 08/15/2026

1.78 3.60
US TREASURY N/B 91282CHU8 500,000.00 MorganSt 101.24 506,191.50 10,898.53 9,210.19 DTD 08/15/2023 4.375% 08/15/2026

1.78 3.60
US TREASURY N/B 91282CHY0 600,000.00 BMO 101.78 610,687.80 14,906.55 13,554.78 DTD 09/15/2023 4.625% 09/15/2026

1.86 3.59
US TREASURY N/B 91282CJC6 850,000.00 MorganSt 101.87 865,904.35 17,863.33 17,294.36 DTD 10/16/2023 4.625% 10/15/2026

1.90 3.58
US TREASURY N/B 91282CJK8 800,000.00 BMO 101.98 815,812.80 9,469.05 11,149.21 DTD 11/15/2023 4.625% 11/15/2026

1.98 3.56
US TREASURY N/B 91282CJP7 650,000.00 MorganSt 101.56 660,156.25 6,042.97 7,020.81 DTD 12/15/2023 4.375% 12/15/2026

2.07 3.54
Account 995341 Page 19

Page 69 of 398 ends

Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CJT9 725,000.00 MorganSt 100.80 730,777.52 5,239.43 5,352.04 DTD 01/16/2024 4.000% 01/15/2027

2.16 3.54
US TREASURY N/B 91282CKA8 225,000.00 RBC Capi 101.13 227,540.03 4,209.95 3,878.49 DTD 02/15/2024 4.125% 02/15/2027

2.24 3.53
US TREASURY N/B 91282CKA8 750,000.00 MorganSt 101.13 758,466.75 12,070.27 11,415.86 DTD 02/15/2024 4.125% 02/15/2027

2.24 3.53
US TREASURY N/B 91282CKE0 125,000.00 MorganSt 101.52 126,899.37 2,792.92 2,651.40 DTD 03/15/2024 4.250% 03/15/2027

2.31 3.51
US TREASURY N/B 91282CKE0 325,000.00 Nomura 101.52 329,938.37 9,394.42 8,721.28 DTD 03/15/2024 4.250% 03/15/2027

2.31 3.51
US TREASURY N/B 91282CKJ9 300,000.00 MorganSt 102.15 306,445.20 7,769.42 7,601.51 DTD 04/15/2024 4.500% 04/15/2027

2.34 3.52
US TREASURY N/B 91282CKR1 100,000.00 WellsFar 102.23 102,230.50 2,257.84 2,255.45 DTD 05/15/2024 4.500% 05/15/2027

2.42 3.51
US TREASURY N/B 91282CKR1 900,000.00 Nomura 102.23 920,074.50 20,426.06 20,389.33 DTD 05/15/2024 4.500% 05/15/2027

2.42 3.51
US TREASURY N/B 91282CKV2 250,000.00 MorganSt 102.67 256,670.00 5,800.86 5,872.71 DTD 06/17/2024 4.625% 06/15/2027

2.50 3.49
US TREASURY N/B 91282CKV2 275,000.00 JPMorgan 102.67 282,337.00 5,682.70 5,801.69 DTD 06/17/2024 4.625% 06/15/2027

2.50 3.49
US TREASURY N/B 91282CKV2 300,000.00 MorganSt 102.67 308,004.00 6,175.87 6,310.88 DTD 06/17/2024 4.625% 06/15/2027

2.50 3.49
US TREASURY N/B 91282CKV2 375,000.00 BOFAML 102.67 385,005.00 9,580.20 9,612.54 DTD 06/17/2024 4.625% 06/15/2027

2.50 3.49
US TREASURY N/B 91282CKZ3 125,000.00 MorganSt 102.06 127,578.13 1,142.58 1,217.75 DTD 07/15/2024 4.375% 07/15/2027

2.59 3.50
US TREASURY N/B 91282CKZ3 250,000.00 JPMorgan 102.06 255,156.25 1,806.64 1,962.58 DTD 07/15/2024 4.375% 07/15/2027

2.59 3.50
US TREASURY N/B 91282CLG4 475,000.00 WellsFar 100.45 477,115.18 333.93 372.04 DTD 08/15/2024 3.750% 08/15/2027

2.69 3.50
US TREASURY N/B 91282CLG4 850,000.00 CABRERA 100.45 853,785.05 1,062.39 1,124.05 DTD 08/15/2024 3.750% 08/15/2027

2.69 3.50
Security Type Sub-Total 13,525,000.00 13,713,974.08 213,763.11 201,304.95 2.09 3.56 Account 995341 Page 20

Page 70 of 398 ends

Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K041 A2 3137BFE98 48,837.51 MorganSt 99.66 48,673.81 479.20 (143.74) DTD 12/01/2014 3.171% 10/01/2024

0.07 5.01
FHMS K046 A2 3137BJP64 123,672.41 MorganSt 99.17 122,649.39 (100.30) (853.48) DTD 06/01/2015 3.205% 03/01/2025

0.42 4.68
FHMS K047 A2 3137BKRJ1 173,120.53 MorganSt 99.11 171,584.26 (2,645.32) (1,776.34) DTD 07/01/2015 3.329% 05/01/2025

0.53 4.57
FHMS K049 A2 3137BLMZ8 247,432.59 MorganSt 98.78 244,425.54 482.14 (2,038.38) DTD 10/01/2015 3.010% 07/01/2025

0.69 4.45
FHMS K733 A2 3137FJXQ7 116,147.48 CantorFi 99.30 115,334.79 2,835.08 521.26 DTD 11/01/2018 3.750% 08/01/2025

0.78 4.29
FHMS K051 A2 3137BM7C4 121,657.18 WellsFar 98.89 120,310.19 (463.08) (1,068.86) DTD 12/01/2015 3.308% 09/01/2025

0.85 4.31
FHMS K053 A2 3137BN6G4 175,000.00 MorganSt 98.51 172,400.55 (582.85) (1,863.13) DTD 03/01/2016 2.995% 12/01/2025

1.04 4.17
FHMS K054 A2 3137BNGT5 125,000.00 CantorFi 98.13 122,667.00 4,952.16 990.55 DTD 04/01/2016 2.745% 01/01/2026

1.15 4.15
FNA 2016-M3 A2 3136ARTE8 130,923.96 MorganSt 97.97 128,262.02 4,743.45 414.99 DTD 03/01/2016 2.702% 02/01/2026

1.29 4.14
FHMS K057 A2 3137BRQJ7 125,000.00 CantorFi 97.56 121,956.00 5,715.77 1,659.52 DTD 09/01/2016 2.570% 07/01/2026

1.56 3.96
FHMS K057 A2 3137BRQJ7 125,000.00 JPMorgan 97.56 121,956.00 3,098.58 473.73 DTD 09/01/2016 2.570% 07/01/2026

1.56 3.96
FHMS K736 A2 3137FNWX4 125,000.00 INTL_FC 97.13 121,415.38 5,433.93 2,290.01 DTD 09/01/2019 2.282% 07/01/2026

1.52 4.01
FHMS K058 A2 3137BSP72 175,000.00 CantorFi 97.48 170,597.35 3,561.22 106.69 DTD 11/01/2016 2.653% 08/01/2026

1.78 3.90
FHMS K059 A2 3137BSRE5 125,000.00 MorganSt 98.29 122,857.63 4,464.08 2,571.74 DTD 11/01/2016 3.120% 09/01/2026

1.80 3.89
FHMS K061 A2 3137BTUM1 83,386.50 Citigrou 98.48 82,121.94 1,302.18 310.90 DTD 01/01/2017 3.347% 11/01/2026

1.93 3.94
FHMS K063 A2 3137BVZ82 190,000.00 TD Secur 98.80 187,725.51 8,591.13 5,437.79 DTD 03/01/2017 3.430% 01/01/2027

2.06 3.84
FHMS K068 A2 3137FBBX3 125,000.00 WellsFar 98.13 122,663.63 3,415.58 2,949.50 DTD 10/01/2017 3.244% 08/01/2027

2.66 3.80
Account 995341 Page 21

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K069 A2 3137FBU79 94,666.50 BOFAML 97.86 92,641.30 2,552.81 2,192.02 DTD 11/01/2017 3.187% 09/01/2027

2.70 3.83
Security Type Sub-Total 2,429,844.66 2,390,242.29 47,835.76 12,174.77 1.34 4.15 Corporate Note
AMERICAN EXPRESS CO (CALLABLE) 025816CQ0 30,000.00 Barclays 02/01/25 98.96 29,688.30 (281.40) (307.41) DTD 03/04/2022 2.250% 03/04/2025

0.42 4.73
CINTAS CORPORATION NO. 2 (CALLABLE) 17252MAP5 55,000.00 KEYB 04/01/25 99.26 54,592.07 (395.83) (405.57) DTD 05/03/2022 3.450% 05/01/2025

0.55 4.71
NATIONAL RURAL UTIL COOP 63743HFE7 20,000.00 RBC Capi 99.27 19,854.52 (140.08) (144.26) DTD 05/04/2022 3.450% 06/15/2025

0.70 4.41
IBM CORP 459200KS9 180,000.00 JPMorgan 99.56 179,209.80 (790.20) (790.20) DTD 07/27/2022 4.000% 07/27/2025

0.79 4.46
PNC FINANCIAL SERVICES (CALLABLE) 693475BH7 80,000.00 PNCBank 10/28/24 100.00 79,998.00 (2.00) (2.00) DTD 10/28/2022 5.671% 10/28/2025

0.08 5.92
NATIONAL RURAL UTIL COOP 63743HFF4 25,000.00 PNCBank 101.29 25,322.20 355.70 334.27 DTD 10/31/2022 5.450% 10/30/2025

1.03 4.12
BANK OF AMERICA CORP (CALLABLE) 06051GKE8 150,000.00 BOFAML 12/06/24 99.30 148,944.60 (1,055.40) (1,055.40) DTD 12/06/2021 1.530% 12/06/2025

0.19 5.49
COOPERAT RABOBANK UA/NY 21688ABA9 390,000.00 JPMorgan 100.86 393,350.10 3,498.30 3,445.57 DTD 01/09/2024 4.850% 01/09/2026

1.21 4.07
STATE STREET CORP (CALLABLE) 857477BR3 50,000.00 GoldmanS 02/06/25 98.82 49,411.20 (588.80) (588.80) DTD 02/07/2022 1.746% 02/06/2026

0.37 5.26
MORGAN STANLEY (CALLABLE) 61747YEM3 150,000.00 MorganSt 02/18/25 99.05 148,572.45 (1,427.55) (1,427.55) DTD 02/18/2022 2.630% 02/18/2026

0.39 5.59
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFH0 20,000.00 Scotiaca 02/13/26 100.49 20,097.88 112.08 104.53 DTD 02/09/2023 4.450% 03/13/2026

1.34 4.09
AUST & NZ BANKING GRP NY 05253JB26 270,000.00 RBC Capi 101.30 273,512.97 3,512.97 3,512.97 DTD 03/18/2024 5.000% 03/18/2026

1.39 3.99
STATE STREET CORP (CALLABLE) 857477BM4 75,000.00 KEYB 03/30/25 98.95 74,216.10 (3,070.65) (1,145.18) DTD 10/29/2020 2.901% 03/30/2026

0.49 6.61
STATE STREET CORP (CALLABLE) 857477BM4 125,000.00 CSFirstB 03/30/25 98.95 123,693.50 (3,822.75) (1,709.37) DTD 10/29/2020 2.901% 03/30/2026

0.49 6.61
Account 995341 Page 22

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1.49 4.19
JPMORGAN CHASE & CO (CALLABLE) 46647PCZ7 100,000.00 JPMorgan 04/26/25 99.50 99,497.50 (502.50) (502.50) DTD 04/26/2022 4.080% 04/26/2026

0.55 5.75
CHARLES SCHWAB CORP (CALLABLE) 808513BR5 100,000.00 Citigrou 04/13/26 95.31 95,314.20 1,647.20 1,087.79 DTD 05/13/2021 1.150% 05/13/2026

1.57 4.10
CATERPILLAR FINL SERVICE 14913UAA8 75,000.00 SGSA 100.58 75,432.30 467.55 451.36 DTD 05/15/2023 4.350% 05/15/2026

1.53 3.89
GENERAL DYNAMICS CORP (CALLABLE) 369550BN7 175,000.00 INTL_FC 05/01/26 95.62 167,338.68 10,295.43 3,936.15 DTD 05/10/2021 1.150% 06/01/2026

1.61 3.91
JOHN DEERE CAPITAL CORP 24422EWX3 65,000.00 JPMorgan 101.39 65,906.10 943.80 927.29 DTD 06/08/2023 4.750% 06/08/2026

1.59 3.81
AMERICAN HONDA FINANCE 02665WEK3 55,000.00 MIZU 101.89 56,041.92 1,109.57 1,081.76 DTD 07/07/2023 5.250% 07/07/2026

1.66 4.04
TRUIST FINANCIAL CORP (CALLABLE) 89788MAH5 80,000.00 Suntrust 07/28/25 99.59 79,674.40 (325.60) (325.60) DTD 07/28/2022 4.260% 07/28/2026

0.81 5.66
TOYOTA MOTOR CREDIT CORP 89236TMJ1 30,000.00 MIZU 101.05 30,314.22 332.82 331.47 DTD 08/09/2024 4.550% 08/07/2026

1.76 3.85
HOME DEPOT INC (CALLABLE) 437076CV2 55,000.00 JPMorgan 08/30/26 101.98 56,087.40 1,207.85 1,174.25 DTD 12/04/2023 4.950% 09/30/2026

1.83 3.85
TRUIST FINANCIAL CORP (CALLABLE) 89788MAJ1 85,000.00 Suntrust 10/28/25 101.28 86,087.83 1,087.83 1,087.83 DTD 10/28/2022 5.900% 10/28/2026

1.02 5.54
STATE STREET CORP (CALLABLE) 857477BX0 25,000.00 Deutsche 11/04/25 101.33 25,331.35 331.35 331.35 DTD 11/04/2022 5.751% 11/04/2026

1.04 5.25
AMERICAN EXPRESS CO (CALLABLE) 025816CM9 100,000.00 Suntrust 10/04/26 95.06 95,062.00 3,026.00 2,134.86 DTD 11/04/2021 1.650% 11/04/2026

2.00 4.05
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFK3 40,000.00 MIZU 10/13/26 102.97 41,186.52 1,200.52 1,196.52 DTD 11/02/2023 5.600% 11/13/2026

1.89 4.12
TOYOTA MOTOR CREDIT CORP 89236TLD5 100,000.00 BNPPSA 102.87 102,872.70 2,962.70 2,938.18 DTD 11/20/2023 5.400% 11/20/2026

1.98 3.91
WELLS FARGO BANK NA (CALLABLE) 94988J6F9 290,000.00 WellsFar 11/09/26 102.46 297,133.42 7,133.42 7,133.42 DTD 12/11/2023 5.254% 12/11/2026

1.98 4.00
CATERPILLAR FINL SERVICE 14913UAE0 95,000.00 JPMorgan 101.37 96,303.12 1,405.72 1,381.92 DTD 01/08/2024 4.500% 01/08/2027

2.12 3.77
Account 995341 Page 23

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
PNC FINANCIAL SERVICES (CALLABLE) 693475BL8 15,000.00 PNCBank 01/26/26 100.36 15,053.57 53.57 53.57 DTD 01/24/2023 4.758% 01/26/2027

1.27 3.54
TEXAS INSTRUMENTS INC (CALLABLE) 882508CE2 115,000.00 BOFAML 01/08/27 101.58 116,811.94 1,885.54 1,870.24 DTD 02/08/2024 4.600% 02/08/2027

2.16 3.83
ELI LILLY & CO (CALLABLE) 532457CJ5 130,000.00 Deutsche 01/09/27 101.35 131,755.91 1,824.81 1,810.49 DTD 02/09/2024 4.500% 02/09/2027

2.16 3.82
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122EE4 40,000.00 Citigrou 01/22/27 102.10 40,840.16 883.36 875.02 DTD 02/22/2024 4.900% 02/22/2027

2.18 3.89
CISCO SYSTEMS INC (CALLABLE) 17275RBQ4 160,000.00 Deutsche 01/26/27 102.17 163,475.52 3,683.52 3,644.10 DTD 02/26/2024 4.800% 02/26/2027

2.19 3.82
JOHN DEERE CAPITAL CORP 24422EXM6 110,000.00 Barclays 102.02 112,224.09 2,326.39 2,307.97 DTD 03/07/2024 4.850% 03/05/2027

2.26 3.88
AMERICAN HONDA FINANCE 02665WFD8 80,000.00 TD Secur 101.95 81,557.84 1,601.84 1,594.12 DTD 03/13/2024 4.900% 03/12/2027

2.28 3.99
STATE STREET CORP (CALLABLE) 857477CL5 70,000.00 MorganSt 02/18/27 102.34 71,637.02 1,637.02 1,637.02 DTD 03/18/2024 4.993% 03/18/2027

2.25 3.91
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 101.86 56,023.38 1,076.73 1,065.51 DTD 03/08/2024 4.800% 03/30/2027

2.28 3.93
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 101.86 56,023.38 1,076.73 1,065.51 DTD 03/08/2024 4.800% 03/30/2027

2.28 3.93
ADOBE INC (CALLABLE) 00724PAE9 80,000.00 BOFAML 03/04/27 102.39 81,912.96 1,952.96 1,946.76 DTD 04/04/2024 4.850% 04/04/2027

2.24 3.82
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEY4 195,000.00 BOFAML 03/15/27 101.81 198,528.33 4,887.48 4,667.18 DTD 03/21/2024 4.600% 04/15/2027

2.28 3.79
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFR8 75,000.00 RBC Capi 04/27/26 102.55 76,910.78 1,957.28 1,951.50 DTD 05/10/2024 5.100% 05/06/2027

2.33 4.03
GOLDMAN SACHS BANK USA (CALLABLE) 38151LAG5 80,000.00 GoldmanS 05/21/26 101.61 81,284.32 1,284.32 1,284.32 DTD 05/21/2024 5.414% 05/21/2027

1.54 4.77
HOME DEPOT INC (CALLABLE) 437076DB5 40,000.00 MorganSt 05/25/27 102.55 41,020.68 1,153.08 1,141.95 DTD 06/25/2024 4.875% 06/25/2027

2.46 3.80
BLACKROCK FUNDING INC (CALLABLE) 09290DAH4 130,000.00 BOFAML 06/26/27 101.92 132,493.40 2,497.30 2,496.80 DTD 07/26/2024 4.600% 07/26/2027

2.55 3.80
HONEYWELL INTERNATIONAL (CALLABLE) 438516CX2 130,000.00 Deutsche 06/30/27 101.99 132,589.21 2,593.11 2,592.62 DTD 08/01/2024 4.650% 07/30/2027

2.56 3.85
Account 995341 Page 24

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2.64 3.80
UNILEVER CAPITAL CORP (CALLABLE) 904764BU0 100,000.00 JPMorgan 07/12/27 100.97 100,973.40 1,104.40 1,098.75 DTD 08/12/2024 4.250% 08/12/2027

2.62 3.80
JPMORGAN CHASE & CO (CALLABLE) 46647PDW3 120,000.00 JPMorgan 10/22/26 103.63 124,354.32 4,354.32 4,354.32 DTD 10/23/2023 6.070% 10/22/2027

1.88 4.82
BP CAP MARKETS AMERICA (CALLABLE) 10373QBY5 140,000.00 Deutsche 10/17/27 102.81 143,931.48 3,931.48 3,931.48 DTD 05/17/2024 5.017% 11/17/2027

2.78 3.97
MASTERCARD INC (CALLABLE) 57636QBA1 60,000.00 BOFAML 12/15/27 100.71 60,428.04 461.04 460.22 DTD 09/05/2024 4.100% 01/15/2028

3.01 3.79
JPMORGAN CHASE & CO (CALLABLE) 46647PEE2 100,000.00 JPMorgan 04/22/27 103.08 103,076.70 3,076.70 3,076.70 DTD 04/22/2024 5.571% 04/22/2028

2.32 4.66
AMERICAN EXPRESS CO (CALLABLE) 025816DV8 20,000.00 MorganSt 07/26/27 102.14 20,428.90 428.90 428.90 DTD 07/26/2024 5.043% 07/26/2028

2.59 4.54
Security Type Sub-Total 5,360,000.00 5,402,663.08 79,253.43 71,925.28 1.66 4.33 Certificate of Deposit
TORONTO DOMINION BANK NY 89115B6K1 250,000.00 TD Secur 101.69 254,222.00 4,222.00 4,222.00 DTD 10/31/2022 5.600% 10/27/2025

1.01 3.93
NORDEA BANK ABP NEW YORK 65558UYF3 250,000.00 WellsFar 101.63 254,064.25 4,064.25 4,064.25 DTD 11/03/2022 5.530% 11/03/2025

1.04 3.98
NATIXIS NY BRANCH 63873QP65 200,000.00 WellsFar 103.30 206,604.40 6,604.40 6,604.40 DTD 09/20/2023 5.610% 09/18/2026

1.88 3.81
Security Type Sub-Total 700,000.00 714,890.65 14,890.65 14,890.65 1.27 3.91 Asset-Backed Security
CNH 2021-A A3 12598AAC4 3,770.56 Citigrou 99.81 3,763.55 (6.13) (6.79) DTD 03/15/2021 0.400% 12/15/2025

0.06 3.47
CARMX 2021-2 A3 14314QAC8 5,097.94 BOFAML 99.63 5,078.82 (18.02) (18.80) DTD 04/21/2021 0.520% 02/17/2026

0.08 5.26
TAOT 2021-D A3 89238JAC9 21,583.79 RBC Capi 98.81 21,326.97 (256.36) (256.66) DTD 11/15/2021 0.710% 04/15/2026

0.32 4.66
Account 995341 Page 25

Page 75 of 398 ends

0.23 4.78
CARMX 2021-3 A3 14317DAC4 27,752.56 RBC Capi 98.57 27,355.39 (392.60) (395.57) DTD 07/28/2021 0.550% 06/15/2026

0.31 5.15
VALET 2021-1 A3 92868KAC7 24,110.53 WellsFar 98.94 23,854.96 (254.62) (255.21) DTD 12/13/2021 1.020% 06/22/2026

0.28 4.87
BMWOT 2022-A A3 05602RAD3 32,721.90 RBC Capi 99.33 32,501.03 (219.17) (220.12) DTD 05/18/2022 3.210% 08/25/2026

0.47 4.65
COPAR 2021-1 A3 14044CAC6 24,412.17 JPMorgan 98.48 24,040.03 (371.68) (371.96) DTD 10/27/2021 0.770% 09/15/2026

0.38 4.80
TAOT 2022-B A3 89238FAD5 40,976.84 SUMITR 99.18 40,640.71 (335.17) (335.71) DTD 04/13/2022 2.930% 09/15/2026

0.50 4.64
GMCAR 2021-4 A3 362554AC1 19,562.97 JPMorgan 98.52 19,273.50 (288.98) (289.27) DTD 10/21/2021 0.680% 09/16/2026

0.37 4.68
WOART 2021-D A3 98163KAC6 26,694.98 WellsFar 98.70 26,347.89 (343.44) (345.59) DTD 11/03/2021 0.810% 10/15/2026

0.33 4.89
HART 2022-A A3 448977AD0 66,036.53 BOFAML 98.90 65,308.15 (725.85) (727.25) DTD 03/16/2022 2.220% 10/15/2026

0.43 4.80
ALLYA 2022-1 A3 02008JAC0 75,955.18 Barclays 99.32 75,438.16 (502.32) (510.08) DTD 05/18/2022 3.310% 11/15/2026

0.44 4.87
GMCAR 2022-1 A3 380146AC4 21,970.33 BNPPSA 98.64 21,671.44 (296.97) (298.04) DTD 01/19/2022 1.260% 11/16/2026

0.40 4.62
HART 2022-B A3 44918MAD2 54,024.26 Barclays 99.56 53,785.75 (238.49) (238.50) DTD 07/20/2022 3.720% 11/16/2026

0.52 4.58
HDMOT 2022-A A3 41284YAD8 55,778.25 WellsFar 99.29 55,381.67 (387.30) (392.01) DTD 04/20/2022 3.060% 02/15/2027

0.42 4.74
GMCAR 2022-2 A3 362585AC5 39,107.62 RBC Capi 99.15 38,775.75 (323.69) (327.86) DTD 04/13/2022 3.100% 02/16/2027

0.56 4.59
CARMX 2022-2 A3 14317HAC5 54,141.49 BOFAML 99.30 53,764.61 (368.65) (372.81) DTD 04/28/2022 3.490% 02/16/2027

0.55 4.76
TAOT 2022-C A3 89231CAD9 43,622.99 Citigrou 99.47 43,392.22 (223.47) (226.80) DTD 08/16/2022 3.760% 04/15/2027

0.72 4.50
COPAR 2022-1 A3 14043QAC6 50,848.50 WellsFar 99.02 50,349.52 (487.86) (493.27) DTD 05/04/2022 3.170% 04/15/2027

0.66 4.64
Account 995341 Page 26

Page 76 of 398 ends

0.82 4.45
CARMX 2022-3 A3 14318MAD1 106,118.42 RBC Capi 99.54 105,632.51 (483.41) (484.57) DTD 07/20/2022 3.970% 04/15/2027

0.67 4.65
GMCAR 2022-3 A3 36265WAD5 62,238.97 BOFAML 99.46 61,902.07 (336.47) (336.67) DTD 07/13/2022 3.640% 04/16/2027

0.57 4.59
DCENT 2022-A2 A 254683CS2 125,000.00 RBC Capi 99.19 123,985.75 (1,004.09) (1,008.89) DTD 05/26/2022 3.320% 05/15/2027

0.60 4.65
COPAR 2022-2 A3 14043GAD6 63,536.78 JPMorgan 99.33 63,108.28 (423.95) (425.99) DTD 08/10/2022 3.660% 05/17/2027

0.74 4.56
NAROT 2022-B A3 65480JAC4 109,851.53 WellsFar 99.92 109,759.48 (69.32) (79.17) DTD 09/28/2022 4.460% 05/17/2027

0.73 4.57
ALLYA 2022-2 A3 02008MAC3 173,719.07 JPMorgan 100.03 173,768.06 51.14 50.22 DTD 10/12/2022 4.760% 05/17/2027

0.62 4.73
DCENT 2022-A3 A3 254683CW3 160,000.00 BOFAML 99.28 158,852.48 (1,127.66) (1,136.29) DTD 08/09/2022 3.560% 07/15/2027

0.76 4.47
CARMX 2022-4 A3 14318UAD3 137,446.12 Barclays 100.59 138,254.03 840.14 827.25 DTD 10/31/2022 5.340% 08/16/2027

0.77 4.58
MBART 2022-1 A3 58768PAC8 171,794.77 SMBC 100.50 172,655.29 894.51 881.16 DTD 11/22/2022 5.210% 08/16/2027

0.76 4.57
GMCAR 2022-4 A3 36265QAD8 214,777.00 RBC Capi 100.14 215,073.17 331.38 317.07 DTD 10/12/2022 4.820% 08/16/2027

0.69 4.62
TAOT 2023-A A3 891940AC2 80,000.00 BOFAML 100.24 80,192.56 192.60 192.59 DTD 01/30/2023 4.630% 09/15/2027

0.93 4.37
MBART 2023-1 A3 58770AAC7 54,233.86 SUMITR 100.01 54,240.47 13.12 10.84 DTD 01/25/2023 4.510% 11/15/2027

0.84 4.48
NAROT 2023-A A3 65480WAD3 155,000.00 MIZU 100.51 155,796.55 823.94 815.33 DTD 04/26/2023 4.910% 11/15/2027

1.00 4.37
HDMOT 2023-A A3 41285JAD0 85,000.00 JPMorgan 100.44 85,372.81 381.37 378.51 DTD 02/23/2023 5.050% 12/15/2027

0.86 4.53
TAOT 2023-B A3 891941AD8 100,000.00 RBC Capi 100.52 100,519.70 525.29 523.69 DTD 05/23/2023 4.710% 02/15/2028

1.27 4.25
GMCAR 2023-2 A3 362583AD8 70,000.00 BOFAML 100.14 70,096.88 98.80 98.22 DTD 04/12/2023 4.470% 02/16/2028

1.07 4.31
Account 995341 Page 27

Page 77 of 398 ends

1.12 4.35
BACCT 2023-A1 A1 05522RDG0 70,000.00 BOFAML 101.02 70,714.77 730.62 726.45 DTD 06/16/2023 4.790% 05/15/2028

1.53 4.10
FORDO 2023-B A3 344930AD4 75,000.00 Citigrou 101.21 75,905.48 906.49 906.23 DTD 06/26/2023 5.230% 05/15/2028

1.27 4.26
ALLYA 2023-1 A3 02007WAC2 90,000.00 BOFAML 101.33 91,193.85 1,209.19 1,205.37 DTD 07/19/2023 5.460% 05/15/2028

1.22 4.35
AMXCA 2023-1 A 02582JJZ4 100,000.00 RBC Capi 101.19 101,191.10 1,199.97 1,197.63 DTD 06/14/2023 4.870% 05/15/2028

1.53 4.06
FITAT 2023-1 A3 31680EAD3 175,000.00 JPMorgan 101.42 177,480.80 2,491.65 2,489.24 DTD 08/23/2023 5.530% 08/15/2028

1.36 4.48
CHAIT 2023-A1 A 161571HT4 100,000.00 JPMorgan 102.16 102,159.70 2,187.42 2,182.19 DTD 09/15/2023 5.160% 09/15/2028

1.83 3.96
BACCT 2023-A2 A2 05522RDH8 70,000.00 BOFAML 102.00 71,400.84 1,410.24 1,408.65 DTD 12/14/2023 4.980% 11/15/2028

1.98 3.94
NAROT 2024-A A3 65479UAD0 200,000.00 MIZU 102.13 204,269.80 4,288.48 4,287.11 DTD 05/22/2024 5.280% 12/15/2028

1.88 4.12
CHAIT 2024-A1 A 161571HV9 225,000.00 JPMorgan 101.26 227,835.90 2,870.17 2,865.64 DTD 01/31/2024 4.600% 01/16/2029

2.13 3.97
TAOT 2024-C A3 89237QAD2 80,000.00 MUFG 101.73 81,382.08 1,382.13 1,382.08 DTD 07/30/2024 4.880% 03/15/2029

2.11 4.00
HART 2024-B A3 44934QAD3 90,000.00 Citigrou 101.69 91,522.08 1,535.66 1,535.04 DTD 07/24/2024 4.840% 03/15/2029

2.11 4.01
HAROT 2024-3 A3 43813YAC6 120,000.00 JPMorgan 100.95 121,141.08 1,159.93 1,159.49 DTD 08/21/2024 4.570% 03/21/2029

2.08 4.07
GMCAR 2024-3 A3 38013KAD2 100,000.00 RBC Capi 102.10 102,098.90 2,114.29 2,113.46 DTD 07/10/2024 5.130% 04/16/2029

2.05 4.13
FORDO 2024-C A3 34532UAD1 120,000.00 Citigrou 99.92 119,901.36 (97.82) (98.12) DTD 09/20/2024 4.070% 07/15/2029

2.26 4.05
ALLYA 2024-2 A3 02007NAC2 80,000.00 BOFAML 99.97 79,978.50 (13.23) (13.52) DTD 09/27/2024 4.140% 07/16/2029

2.04 4.20
COMET 2024-A1 A 14041NGE5 240,000.00 BOFAML 99.86 239,671.20 (281.95) (282.35) DTD 09/24/2024 3.920% 09/17/2029

2.74 3.91
Account 995341 Page 28

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Security Type Sub-Total 4,630,995.82 4,648,733.83 18,295.05 18,133.83 1.23 4.37 Managed Account Sub-Total 26,645,840.48 26,870,503.93 374,038.00 318,429.48 1.77 3.92 Total Investments $27,106,084.54
$235,580.61
$26,870,503.93
Accrued Interest
Securities Sub-Total $26,645,840.48 $374,038.00 $318,429.48 1.77 3.92% Account 995341 Page 29

Page 79 of 398 ends

INTEREST
09/01/24 EXXON MOBIL CORPORATION
(CALLABLE)
DTD 03/03/2016 3.043% 03/01/2026
09/01/24 30231GAT9 0.00 3,043.00 3,043.00
09/25/24 FHMS K041 A2
DTD 12/01/2014 3.171% 10/01/2024
09/01/24 3137BFE98 0.00 269.65 269.65
09/25/24 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
09/01/24 3137BVZ82 0.00 543.08 543.08
09/25/24 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
09/01/24 3137FBBX3 0.00 337.92 337.92
09/25/24 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
09/01/24 3137BSP72 0.00 386.90 386.90
09/25/24 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
09/01/24 3137BSRE5 0.00 325.00 325.00
09/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
09/01/24 3137BNGT5 0.00 285.94 285.94
09/25/24 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
09/01/24 3137BRQJ7 0.00 535.42 535.42
09/25/24 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
09/01/24 3137FJXQ7 0.00 363.12 363.12
Account 995341 Page 30

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INTEREST
09/25/24 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
09/01/24 3137BM7C4 0.00 336.05 336.05
09/25/24 FHMS K047 A2
DTD 07/01/2015 3.329% 05/01/2025
09/01/24 3137BKRJ1 0.00 481.23 481.23
09/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
09/01/24 3137FBU79 0.00 251.82 251.82
09/25/24 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
09/01/24 3137FNWX4 0.00 237.71 237.71
09/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
09/01/24 3137BTUM1 0.00 233.03 233.03
09/25/24 FHMS K053 A2
DTD 03/01/2016 2.995% 12/01/2025
09/01/24 3137BN6G4 0.00 436.77 436.77
09/25/24 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
09/01/24 3136ARTE8 0.00 295.25 295.25
09/25/24 FHMS K046 A2
DTD 06/01/2015 3.205% 03/01/2025
09/01/24 3137BJP64 0.00 330.92 330.92
09/25/24 FHMS K049 A2
DTD 10/01/2015 3.010% 07/01/2025
09/01/24 3137BLMZ8 0.00 621.87 621.87
09/03/24 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
09/03/24 MONEY0002 0.00 402.74 402.74
09/04/24 AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.250% 03/04/2025
09/04/24 025816CQ0 0.00 337.50 337.50
09/05/24 JOHN DEERE CAPITAL CORP
DTD 03/07/2024 4.850% 03/05/2027
09/05/24 24422EXM6 0.00 2,637.86 2,637.86
09/12/24 AMERICAN HONDA FINANCE
DTD 03/13/2024 4.900% 03/12/2027
09/12/24 02665WFD8 0.00 1,949.11 1,949.11
09/13/24 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/09/2023 4.450% 03/13/2026
09/13/24 63743HFH0 0.00 445.00 445.00
09/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
09/15/24 161571HT4 0.00 430.00 430.00
09/15/24 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
09/15/24 44918MAD2 0.00 182.98 182.98
Account 995341 Page 31

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INTEREST
09/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
09/15/24 14318MAD1 0.00 376.90 376.90
09/15/24 DCENT 2022-A3 A3
DTD 08/09/2022 3.560% 07/15/2027
09/15/24 254683CW3 0.00 474.67 474.67
09/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
09/15/24 14317HAC5 0.00 171.32 171.32
09/15/24 TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
09/15/24 89238JAC9 0.00 14.63 14.63
09/15/24 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
09/15/24 41284YAD8 0.00 157.81 157.81
09/15/24 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
09/15/24 58770AAC7 0.00 206.71 206.71
09/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
09/15/24 31680EAD3 0.00 806.46 806.46
09/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
09/15/24 05522RDG0 0.00 279.42 279.42
09/15/24 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
09/15/24 14317DAC4 0.00 14.62 14.62
09/15/24 US TREASURY N/B
DTD 03/15/2024 4.250% 03/15/2027
09/15/24 91282CKE0 0.00 9,562.50 9,562.50
09/15/24 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
09/15/24 89231CAD9 0.00 145.70 145.70
09/15/24 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
09/15/24 02008MAC3 0.00 740.93 740.93
09/15/24 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
09/15/24 14043QAC6 0.00 144.18 144.18
09/15/24 TAOT 2024-C A3
DTD 07/30/2024 4.880% 03/15/2029
09/15/24 89237QAD2 0.00 325.33 325.33
09/15/24 DCENT 2022-A2 A
DTD 05/26/2022 3.320% 05/15/2027
09/15/24 254683CS2 0.00 345.83 345.83
09/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
09/15/24 891940AC2 0.00 308.67 308.67
09/15/24 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
09/15/24 02008JAC0 0.00 230.64 230.64
Account 995341 Page 32

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INTEREST
09/15/24 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
09/15/24 448979AD6 0.00 305.33 305.33
09/15/24 HART 2022-A A3
DTD 03/16/2022 2.220% 10/15/2026
09/15/24 448977AD0 0.00 135.65 135.65
09/15/24 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
09/15/24 02007WAC2 0.00 409.50 409.50
09/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
09/15/24 02582JJZ4 0.00 405.83 405.83
09/15/24 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
09/15/24 14044CAC6 0.00 17.66 17.66
09/15/24 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
09/15/24 14316NAC3 0.00 0.20 0.20
09/15/24 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
09/15/24 98163KAC6 0.00 20.46 20.46
09/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
09/15/24 41285JAD0 0.00 357.71 357.71
09/15/24 TAOT 2023-B A3
DTD 05/23/2023 4.710% 02/15/2028
09/15/24 891941AD8 0.00 392.50 392.50
09/15/24 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
09/15/24 14043GAD6 0.00 207.01 207.01
09/15/24 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
09/15/24 58768PAC8 0.00 798.74 798.74
09/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
09/15/24 14314QAC8 0.00 3.42 3.42
09/15/24 CNH 2021-A A3
DTD 03/15/2021 0.400% 12/15/2025
09/15/24 12598AAC4 0.00 2.12 2.12
09/15/24 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
09/15/24 344930AD4 0.00 326.88 326.88
09/15/24 NAROT 2024-A A3
DTD 05/22/2024 5.280% 12/15/2028
09/15/24 65479UAD0 0.00 880.00 880.00
09/15/24 TAOT 2022-B A3
DTD 04/13/2022 2.930% 09/15/2026
09/15/24 89238FAD5 0.00 109.28 109.28
09/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
09/15/24 05522RDH8 0.00 290.50 290.50
Account 995341 Page 33

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INTEREST
09/15/24 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
09/15/24 161571HV9 0.00 862.50 862.50
09/15/24 US TREASURY N/B
DTD 09/15/2023 4.625% 09/15/2026
09/15/24 91282CHY0 0.00 13,875.00 13,875.00
09/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
09/15/24 44935FAD6 0.00 10.48 10.48
09/15/24 NAROT 2023-A A3
DTD 04/26/2023 4.910% 11/15/2027
09/15/24 65480WAD3 0.00 634.21 634.21
09/15/24 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
09/15/24 14318UAD3 0.00 650.35 650.35
09/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
09/15/24 65480JAC4 0.00 434.75 434.75
09/15/24 HART 2024-B A3
DTD 07/24/2024 4.840% 03/15/2029
09/15/24 44934QAD3 0.00 363.00 363.00
09/16/24 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
09/16/24 380146AC4 0.00 25.62 25.62
09/16/24 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
09/16/24 36265WAD5 0.00 204.09 204.09
09/16/24 GMCAR 2023-2 A3
DTD 04/12/2023 4.470% 02/16/2028
09/16/24 362583AD8 0.00 260.75 260.75
09/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
09/16/24 36265QAD8 0.00 912.08 912.08
09/16/24 GMCAR 2022-2 A3
DTD 04/13/2022 3.100% 02/16/2027
09/16/24 362585AC5 0.00 109.06 109.06
09/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
09/16/24 362554AC1 0.00 12.43 12.43
09/16/24 GMCAR 2024-3 A3
DTD 07/10/2024 5.130% 04/16/2029
09/16/24 38013KAD2 0.00 427.50 427.50
09/18/24 NATIXIS NY BRANCH
DTD 09/20/2023 5.610% 09/18/2026
09/18/24 63873QP65 0.00 11,344.67 11,344.67
09/18/24 AUST & NZ BANKING GRP NY
DTD 03/18/2024 5.000% 03/18/2026
09/18/24 05253JB26 0.00 6,750.00 6,750.00
09/18/24 STATE STREET CORP (CALLABLE)
DTD 03/18/2024 4.993% 03/18/2027
09/18/24 857477CL5 0.00 1,747.55 1,747.55
Account 995341 Page 34

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INTEREST
09/20/24 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
09/20/24 92868KAC7 0.00 24.05 24.05
09/21/24 HAROT 2024-3 A3
DTD 08/21/2024 4.570% 03/21/2029
09/21/24 43813YAC6 0.00 457.00 457.00
09/25/24 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
09/25/24 05592XAD2 0.00 205.13 205.13
09/25/24 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
09/25/24 05602RAD3 0.00 97.14 97.14
09/30/24 HOME DEPOT INC (CALLABLE)
DTD 12/04/2023 4.950% 09/30/2026
09/30/24 437076CV2 0.00 1,361.25 1,361.25
09/30/24 STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
09/30/24 857477BM4 0.00 2,901.00 2,901.00
09/30/24 HORMEL FOODS CORP (CALLABLE)
DTD 03/08/2024 4.800% 03/30/2027
09/30/24 440452AK6 0.00 2,962.67 2,962.67
Transaction Type Sub-Total 0.00 81,301.26 81,301.26

PAYDOWNS
09/25/24 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
09/01/24 3137BM7C4 247.57 247.57 0.00 247.57 1.80 0.62
09/25/24 FHMS K049 A2
DTD 10/01/2015 3.010% 07/01/2025
09/01/24 3137BLMZ8 490.76 490.76 0.00 490.76 6.92 2.12
09/25/24 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
09/01/24 3137FJXQ7 52.28 52.28 0.00 52.28 1.65 0.66
09/25/24 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
09/01/24 3136ARTE8 200.91 200.91 0.00 200.91 11.37 5.01 09/25/24 FHMS K046 A2
DTD 06/01/2015 3.205% 03/01/2025
09/01/24 3137BJP64 227.58 227.58 0.00 227.58 1.70 0.37
09/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
09/01/24 3137BTUM1 161.94 161.94 0.00 161.94 4.98 3.18
09/25/24 FHMS K041 A2
DTD 12/01/2014 3.171% 10/01/2024
09/01/24 3137BFE98 53,205.06 53,205.06 0.00 53,205.06 700.40 48.93 09/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
09/01/24 3137FBU79 150.08 150.08 0.00 150.08 7.26 6.86
Account 995341 Page 35

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PAYDOWNS
09/25/24 FHMS K047 A2
DTD 07/01/2015 3.329% 05/01/2025
09/01/24 3137BKRJ1 349.31 349.31 0.00 349.31 (2.23) (0.54) 09/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
09/15/24 65480JAC4 7,122.26 7,122.26 0.00 7,122.26 1.47 0.85 09/15/24 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
09/15/24 02008MAC3 13,070.13 13,070.13 0.00 13,070.13 0.16 0.10 09/15/24 TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
09/15/24 89238JAC9 3,150.82 3,150.82 0.00 3,150.82 0.07 0.03 09/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
09/15/24 14314QAC8 2,791.45 2,791.45 0.00 2,791.45 0.60 0.18 09/15/24 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
09/15/24 44918MAD2 4,999.95 4,999.95 0.00 4,999.95 0.00 0.00 09/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
09/15/24 44935FAD6 2,877.56 2,877.56 0.00 2,877.56 0.64 0.23 09/15/24 HART 2022-A A3
DTD 03/16/2022 2.220% 10/15/2026
09/15/24 448977AD0 7,288.69 7,288.69 0.00 7,288.69 0.28 0.12 09/15/24 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
09/15/24 41284YAD8 6,106.09 6,106.09 0.00 6,106.09 1.01 0.51 09/15/24 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
09/15/24 98163KAC6 3,621.01 3,621.01 0.00 3,621.01 0.49 0.21 09/15/24 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
09/15/24 89231CAD9 2,877.70 2,877.70 0.00 2,877.70 0.48 0.27 09/15/24 TAOT 2022-B A3
DTD 04/13/2022 2.930% 09/15/2026
09/15/24 89238FAD5 3,780.56 3,780.56 0.00 3,780.56 0.09 0.04 09/15/24 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
09/15/24 14318UAD3 8,700.38 8,700.38 0.00 8,700.38 2.04 1.24 09/15/24 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
09/15/24 58768PAC8 12,175.63 12,175.63 0.00 12,175.63 2.40 1.48 09/15/24 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
09/15/24 14043GAD6 4,333.88 4,333.88 0.00 4,333.88 0.31 0.18 09/15/24 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
09/15/24 14316NAC3 692.84 692.84 0.00 692.84 0.14 0.03
09/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
09/15/24 14318MAD1 7,804.53 7,804.53 0.00 7,804.53 0.19 0.10 Account 995341 Page 36

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PAYDOWNS
09/15/24 CNH 2021-A A3
DTD 03/15/2021 0.400% 12/15/2025
09/15/24 12598AAC4 2,578.36 2,578.36 0.00 2,578.36 0.60 0.16 09/15/24 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
09/15/24 14317DAC4 4,154.73 4,154.73 0.00 4,154.73 0.68 0.24 09/15/24 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
09/15/24 58770AAC7 766.14 766.14 0.00 766.14 0.09 0.06
09/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
09/15/24 14317HAC5 4,765.31 4,765.31 0.00 4,765.31 0.72 0.36 09/15/24 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
09/15/24 14043QAC6 3,731.36 3,731.36 0.00 3,731.36 0.81 0.42 09/15/24 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
09/15/24 14044CAC6 3,110.40 3,110.40 0.00 3,110.40 0.06 0.03 09/15/24 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
09/15/24 02008JAC0 7,661.33 7,661.33 0.00 7,661.33 1.48 0.71 09/16/24 GMCAR 2022-2 A3
DTD 04/13/2022 3.100% 02/16/2027
09/16/24 362585AC5 3,108.56 3,108.56 0.00 3,108.56 0.65 0.32 09/16/24 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
09/16/24 380146AC4 2,434.07 2,434.07 0.00 2,434.07 0.21 0.09 09/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
09/16/24 362554AC1 2,368.71 2,368.71 0.00 2,368.71 0.06 0.03 09/16/24 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
09/16/24 36265WAD5 5,042.59 5,042.59 0.00 5,042.59 0.03 0.02 09/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
09/16/24 36265QAD8 12,297.63 12,297.63 0.00 12,297.63 2.01 1.21 09/20/24 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
09/20/24 92868KAC7 4,188.16 4,188.16 0.00 4,188.16 0.16 0.06 09/25/24 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
09/25/24 05602RAD3 3,593.20 3,593.20 0.00 3,593.20 0.19 0.08 Transaction Type Sub-Total 206,279.52 206,279.52 0.00 206,279.52 751.97 76.57 SELL
09/04/24 FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
09/03/24 341271AD6 65,000.00 63,152.70 143.10 63,295.80 (1,847.30) (1,847.30) FIFO Account 995341 Page 37

Page 87 of 398 ends

Managed Account Security Transactions & Interest For the Month Ending September 30, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
09/05/24 AMXCA 2022-2 A
DTD 05/24/2022 3.390% 05/15/2027
09/04/24 02582JJT8 195,000.00 192,973.83 367.25 193,341.08 (1,983.04) (2,002.81) FIFO 09/05/24 CITIGROUP INC FLOATING
(CALLABLE)
DTD 10/30/2020 5.526% 10/30/2024
09/04/24 172967MT5 125,000.00 125,033.75 775.16 125,808.91 33.75 33.75 FIFO 09/05/24 US TREASURY N/B
DTD 04/01/2024 4.500% 03/31/2026
09/04/24 91282CKH3 300,000.00 302,625.00 5,827.87 308,452.87 3,738.28 3,511.80 FIFO 09/05/24 EXXON MOBIL CORPORATION
(CALLABLE)
DTD 03/03/2016 3.043% 03/01/2026
09/04/24 30231GAT9 200,000.00 196,892.00 67.62 196,959.62 4,476.00 554.18 FIFO 09/06/24 US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
09/05/24 91282CGV7 25,000.00 24,954.10 368.85 25,322.95 (6.84) (24.69) FIFO 09/06/24 NATIONAL AUSTRALIA BK/NY
DTD 01/12/2023 4.966% 01/12/2026
09/05/24 63253QAA2 305,000.00 307,684.00 2,271.95 309,955.95 2,684.00 2,684.00 FIFO 09/06/24 US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
09/05/24 91282CGV7 90,000.00 89,834.77 1,327.87 91,162.64 123.05 (9.82) FIFO 09/06/24 AMERICAN HONDA FINANCE
DTD 10/04/2023 5.800% 10/03/2025
09/05/24 02665WEQ0 40,000.00 40,534.00 986.00 41,520.00 571.20 558.06 FIFO 09/20/24 US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
09/17/24 91282CGV7 175,000.00 175,170.90 2,832.99 178,003.89 321.29 251.82 FIFO 09/27/24 US TREASURY N/B
DTD 04/17/2023 3.750% 04/15/2026
09/24/24 91282CGV7 50,000.00 50,107.42 845.29 50,952.71 150.39 130.26 FIFO Transaction Type Sub-Total 1,570,000.00 1,568,962.47 15,813.95 1,584,776.42 8,260.78 3,839.25 Managed Account Sub-Total (54,172.98) 94,231.38 40,058.40 9,012.75 3,915.82 Total Security Transactions ($54,172.98) $94,231.38 $40,058.40 $9,012.75 $3,915.82 Account 995341 Page 38

Page 88 of 398 ends

Agenda Item No. 5 November 5, 2024 | 1
City of La Palma
Agenda Item No. 5
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Andy Ramirez, Public Works & Community Services Director
AGENDA TITLE: Additional Appropriation for the Service Line Inventory Assessment RECOMMENDED ACTION:

It is recommended that the City Council appropriate an additional $25,000 from the Water Fund for the previously ratified amendment with the Municipal Water District of Orange County (MWDOC) for the Service Line Inventory Assessment.

BACKGROUND:

On January 15, 2021, the U.S. Environmental Protection Agency (EPA) revised the Lead and Copper Rule (LCRR), requiring all community water systems to inventory both public and private service line materials. The LCRR mandates identifying any lead, galvanized steel pipe, or “lead status unknown” service lines, with online publication required for systems serving over 50,000 people. La Palma’s water system successfully completed its Initial Service Line Inventory (SLI) Assessment by the October 16, 2024, deadline in coordination with the Municipal Water District of Orange County (MWDOC) through a contractual partnership.

SUMMARY:

At the September 2024 meeting, the City Council ratified the original agreement and amendment with MWDOC for the SLI. Although the amendment cost allocation in the attached report was accurate, the staff presented the contract amount as $125,000 instead of $150,000. Therefore, staff is requesting an additional $25,000 appropriation.

FISCAL IMPACT:

Sufficient funding is available in the Water Fund (050) to cover the additional $25,000 appropriation.

ATTACHMENTS:

Page 89 of 398 ends

Agenda Item No. 5 November 5, 2024 | 2

1. September 3, 2024 Staff Report

Page 90 of 398 ends

Agenda Item No. 7 September 3, 2024 | 1
City of La Palma
Agenda Item No. 7
MEETING DATE: September 3, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Andy Ramirez, Director of Public Works & Community Services
AGENDA TITLE: Ratification of Agreements for Lead Service Inventory Completion RECOMMENDED ACTION:

It is recommended that the City Council:

1. Ratify two agreements between the City and the Municipal Water District of Orange County ("MWDOC") for lead service inventory completion, and

2. Allocate $125,000 from the Water Fund to support the project.

BACKGROUND:

On January 15, 2021, the United States Environmental Protection Agency (USEPA) published revisions to the Lead and Copper Rule, known as the Lead Copper Rule Revisions (LCRR). Under the LCRR, the US EPA requires all community water systems to conduct a comprehensive inventory of both publicly owned and privately owned service line materials, regardless of ownership.

This was codified under 40 CFR Sec 141.84(a)(8), which requires water systems to identify any lead galvanized steel pipe requiring replacement or “lead status unknown” service lines and make the inventory publicly available, and if a water system serves more than 50,000 people, provide the inventory online. This requires each water system, including the City of La Palma’s water system the responsibility of preparing the Initial Service Line Inventory (SLIs) by October 16, 2024.

Due to the expertise required and staffing, it is recommended to participate with the Municipal Water District of Orange County (MWDOC) who the City has collaborated with on projects in the past. The participating agencies are:

Agency

1. City of Anaheim

2. El Toro Water District

Page 91 of 398 ends

Agenda Item No. 7 September 3, 2024 | 2

3. City of Fountain Valley

4. City of Fullerton

5. City of Garden Grove

6. City of La Habra

7. City of La Palma

8. City of Orange

9. City of San Clemente

10. South Coast Water District

11. Trabuco Canyon Water District

12. City of Westminster

13. Yorba Linda Water District
MWDOC, with cooperation of participating agencies (including La Palma), developed the scope of work and issued a request for proposals. In September 2023, MWDOC entered into an agreement with Hazen and Sawyer to complete the scope of work. Hazen and Sawyer was determined the most responsive of five consulting firms by MWDOC.

Due to a recent State mandate, the City entered into an agreement with MWDOC to conduct required Lead and Copper testing. Staff is requesting the ratification of two agreements to share costs proportionally among the participating agencies based on the number of services, along with appropriating $125,000 from the Water Fund to fund the project.

FISCAL IMPACT:

Staff requests the appropriation of $125,000 from the Water Fund to fund the project.

ATTACHMENTS:

1. Amendment #1 Cost Sharing Agreement for LCRR Inventory_La Palma - Executed

2. Cost Sharing Agreement for Completion of Initial LCRR Inventory - La Palma Rev - Executed

Page 92 of 398 ends

Agenda Item No. 6 November 5, 2024 | 1
City of La Palma
Agenda Item No. 6
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Resolution Adopting the Measure M2 Expenditure Report for Fiscal Year ending June 30, 2024
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving the annual Measure M2 expenditure report for Fiscal Year ending June 30, 2024.

BACKGROUND:

In November 1990, Orange County voters approved Measure M, a half-cent local transportation sales tax. The initial implementation period of this transportation sales tax was twenty years. When the original implementation for Measure M expired in 2011, Measure M2 was put before the voters of Orange County and subsequently approved. Measure M2 is a thirty-year transportation investment plan that focuses solely on improving the County’s transportation system. The Measure includes taxpayer safeguards, one of which is a requirement to report progress publicly regularly. Within six months of the close of the fiscal year, each agency must complete and submit a “Measure M2 Expenditure Report and Accompanying Resolution” to the City Council for adoption and approval.

For fiscal year ended June 30, 2024 (FY24), the City received $327,329 of Measure M Fair Share revenue. The report (Attachment 2) documents $352,727 in Measure M2 expenditures in FY24. In FY24, the City was required to use at least $205,036 in local funds for Maintenance of Effort (MOE) for transportation improvements in order to continue receiving Measure M2 revenues, which it did. As a result, the Measure M2 Fund balance on June 30, 2024, was $619,868.

FISCAL IMPACT:

There is no fiscal impact related to approving and adopting the Measure M2 expenditure report.

Adopting the Report and Resolution will ensure that the City receives future Measure M2 allocations.

ATTACHMENTS:

1. Resolution

Page 93 of 398 ends

Agenda Item No. 6 November 5, 2024 | 2

2. Expenditure Report

Page 94 of 398 ends

RESOLUTION NO. 2024-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA PALMA CONCERNING THE MEASURE M2 (M2)

EXPENDITURE REPORT FOR THE CITY OF LA PALMA
WHEREAS, local jurisdictions are required to meet eligibility requirements and submit eligibility verification packages to Orange County Transportation Authority (OCTA) in order to remain eligible to receive M2 funds; and WHEREAS, local jurisdictions are required to adopt an annual M2 Expenditure Report as part of one of the eligibility requirements; and WHEREAS, local jurisdictions are required to account for Net Revenues, developer/traffic impact fees, and funds expended by local jurisdiction in the M2 Expenditure Report that satisfy the Maintenance of Effort requirements; and WHEREAS, the M2 Expenditure Report shall include all Net Revenue fund balances, interest earned and expenditures identified by type and program or project; and
WHEREAS, the M2 Expenditure Report must be adopted and submitted to the OCTA each year within six months of the end of the local jurisdiction’s fiscal year to be eligible to receive Net Revenues as part of M2.

NOW, THEREFORE, BE IT RESOLVED that the City Council for the City of La Palma does hereby inform OCTA that:
a) The M2 Expenditure Report is in conformance with the template provided in the Measure M2 Eligibility Guidelines and accounts for Net Revenues including interest earned, expenditures during the fiscal year and balances at the end of fiscal year.
b) The M2 Expenditure Report is hereby adopted by the City of La Palma. c) The City of La Palma Assistant City Manager is hereby authorized to sign and submit the M2 Expenditure Report to OCTA for the fiscal year ended June 30, 2024.

PASSED, APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 5
th day of November, 2024.
______________________
Marshall Goodman
Mayor

Page 95 of 398 ends

ATTEST:
_____________________________
Kimberly Kenney, CMC
City Clerk

Page 96 of 398 ends

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

CITY OF LA PALMA )
I, KIMBERLY KENNEY, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 5th day of November, 2024, and that it was so adopted by called vote as follows:

AYES:

NOES:
__________________________
Kimberly Kenney, CMC
City Clerk

Page 97 of 398 ends

City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Report Checks
Report Check
Schedule 1 Check
Project Description Ending Balance Check Ending Balance Interest Check
A-M Freeway Projects $ - $ -
O Regional Capacity Program (RCP) $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) $ - $ - Q Local Fair Share $ - $ -
R High Frequency Metrolink Service $ - $ -
S Transit Extensions to Metrolink $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems $ - $ - U Senior Mobility Program or Senior Non-Emergency $ - $ - V Community Based Transit/Circulators $ - $ -
W Safe Transit Stops $ - $ -
X Environmental Cleanup Program (Water Quality) $ - $ - Schedule 2 Check
Project Description Revenue/Expenses Check Revenue/Expenses Interest Check
Q Local Fair Share $ - $ -
Schedule 3 Check
Project Description Expenses Check Interest Check
O Regional Capacity Program (RCP) $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) $ - $ - Q Local Fair Share $ - $ -
X Environmental Cleanup Program (Water Quality) $ - $ - A-M, R, S, T,U, V, W Other M2 Projects (A-M, R, S, T,U, V, W) $ - $ - Other Expenses Not M2 Related $ - $ -
Schedule 4 Check
Project Description Expenses Check
Q Local Fair Share $ 0

Page 98 of 398 ends

City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Beginning and Ending Balances
Schedule 1
Line
No.

Amount Interest
A-M Freeway Projects 1 $ - $ -
O Regional Capacity Program (RCP) 2 $ 397,749.15 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 3 $ - $ - Q Local Fair Share 4 $ 574,074.85 $ -
R High Frequency Metrolink Service 5 $ - $ -
S Transit Extensions to Metrolink 6 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems 7 $ - $ - U
Senior Mobility Program or Senior Non-Emergency Medical Program
8 $ - $ -
V Community Based Transit/Circulators 9 $ - $ -
W Safe Transit Stops 10 $ - $ -
X Environmental Cleanup Program (Water Quality) 11 $ - $ - Other* 12 $ - $ -
13 $ 971,824.00 $ -
Monies Made Available During Fiscal Year 14 $ 327,328.87 $ 37,607 15 $ 1,299,152.87 $ 37,607
Expenditures During Fiscal Year 16 $ 315,119.57 $ 37,607 A-M Freeway Projects 17 $ - $ -
O Regional Capacity Program (RCP) 18 $ 364,164.82 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 19 $ - $ - Q Local Fair Share 20 $ 619,868.48 $ -
R High Frequency Metrolink Service 21 $ - $ -
S Transit Extensions to Metrolink 22 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems 23 $ - $ - U
Senior Mobility Program or Senior Non-Emergency Medical Program
24 $ - $ -
V Community Based Transit/Circulators 25 $ - $ -
W Safe Transit Stops 26 $ - $ -
X Environmental Cleanup Program (Water Quality) 27 $ - $ - Other* 28 $ - $ -
* Please provide a specific description
Balances at End of Fiscal Year
Balances at Beginning of Fiscal Year
Balances at Beginning of Fiscal Year
Description
Total Monies Available (Sum Lines 13 & 14)

Page 99 of 398 ends

City of La Palma M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Sources and Uses
Schedule 2
Line
No.

Amount Interest
A-M Freeway Projects 1 $ - $ -
O Regional Capacity Program (RCP) 2 $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 3 $ - $ - Q Local Fair Share 4 $ 327,329 $ 37,607
R High Frequency Metrolink Service 5 $ - $ -
S Transit Extensions to Metrolink 6 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems 7 $ - $ -
U Senior Mobility Program or Senior Non-Emergency Medical Program 8 $ - $ - V Community Based Transit/Circulators 9 $ - $ -
W Safe Transit Stops 10 $ - $ -
X Environmental Cleanup Program (Water Quality) 11 $ - $ - Other* 12 $ - $ -
13 $ 327,329 $ 37,607
A-M Freeway Projects 14 $ - $ -
O Regional Capacity Program (RCP) 15 $ 33,584 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 16 $ - $ - Q Local Fair Share 17 $ 281,535 $ 37,607
R High Frequency Metrolink Service 18 $ - $ -
S Transit Extensions to Metrolink 19 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems 20 $ - $ -
U Senior Mobility Program or Senior Non-Emergency Medical Program 21 $ - $ - V Community Based Transit/Circulators 22 $ - $ -
W Safe Transit Stops 23 $ - $ -
X Environmental Cleanup Program (Water Quality) 24 $ - $ - Other* 25 $ - $ -
26 $ 315,120 $ 37,607
27 $ 12,209 $ -
* Please provide a specific description
TOTAL BALANCE (Subtract line 26 from 13)
TOTAL EXPENDITURES (Sum lines 14 to 25)
Description
Revenues:

TOTAL REVENUES (Sum lines 1 to 12)
Expenditures:

Page 100 of 398 ends

City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Streets and Roads Detailed Use of Funds
Schedule 3
Line
No.

MOE
Developer /
Impact Fees+ O
O
Interest
P
P
Interest
Q
Q
Interest
X
X
Interest
Other
M22
Other
M2
Interest
Other* TOTAL
1 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - New Street Construction 2 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Street Reconstruction 3 $ - $ - $ 33,584.33 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 33,584 Signals, Safety Devices, & Street Lights 4 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Pedestrian Ways & Bikepaths 5 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Storm Drains 6 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Storm Damage 7 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 8 $ - $ - $ 33,584.33 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 33,584 Right of Way Acquisition 9 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 10 $ - $ - $ 33,584.33 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 33,584 Patching 11 $ 17,833.79 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 17,834 Overlay & Sealing 12 $ 44,177.36 $ - $ - $ - $ - $ - $ 275,555.24 $ 37,607.05 $ - $ - $ - $ - $ - $ 357,340 Street Lights & Traffic Signals 13 $ 178,073.67 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 178,074 Storm Damage 14 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Other Street Purpose Maintenance 15 $ 177,401.05 $ - $ - $ - $ - $ - $ 5,980.00 $ - $ - $ - $ - $ - $ - $ 183,381 16 $ 417,485.87 $ - $ - $ - $ - $ - $ 281,535.24 $ 37,607.05 $ - $ - $ - $ - $ - $ 736,628 17 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
18 $ 417,486 $ - $ 33,584 $ - $ - $ - $ 281,535 $ 37,607 $ - $ - $ - $ - $ - $ 770,212 19 1
Includes direct charges for staff time Legend
2 Other M2 includes A-M, R,S,T,U,V, and W Project
+ Transportation related only A-M
* Please provide a specific description O
P
Q
R
S
T
U
V
W
X
Other
Total Maintenance1
GRAND TOTALS (Sum Lines 1, 10, 16, 17)
Type of Expenditure
Indirect and/or Overhead
Construction & Right-of-Way
Total Construction1
Total Construction & Right-of-Way
Maintenance
Environmental Cleanup Program (Water Quality)
Senior Mobility Program or Senior Non-Emergency Medical Program Community Based Transit/Circulators
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems
Freeway Projects
Regional Capacity Program (RCP)
Local Fair Share
Regional Traffic Signal Synchronization Program (RTSSP) Finance Director Confirmation
Any California State Constitution Article XIX streets and road eligible expenditure may be “counted” in local jurisdictions’ calculation of MOE if the activity is supported (funded) by a local jurisdictions’ discretionary funds (e.g. general fund). The California State Controller also provides useful information on Article XIX and the Streets and Highways Code eligible expenditures in its “Guidelines Relating to Gas Tax Expenditures for Cities and Counties”. I have reviewed and am aware of these guidelines and their applicability in calculating and reporting on Maintenance of Effort expenditures.

Assistant City Manager initial: _______________
Description
Transit Extensions to Metrolink
Safe Transit Stops
High Frequency Metrolink Service

Page 101 of 398 ends

City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Local Fair Share Project List
Schedule 4

PROJECT NAME AMOUNT EXPENDED
Residential Resurfacing - Zone 6 $ 235,921.73
Valley View $ 77,240.57
Median Rehabilitation $ 5,980.00
$ 319,142.30

Page 102 of 398 ends

City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2024
Signature Page
Ryan Hallett
Date
11 Jurisdictions are encouraged to submit MOE eligible expenditures higher than their MOE benchmark, so that should certain expenses be ruled ineligible during an MOE audit, the local jurisdiction still has sufficient MOE expenditures to demonstrate continued achievement of the MOE benchmark.

I hereby certify that:

X All the information attached herein and included in schedules 1 through 4 is true and accurate to the best of my knowledge;
X The interest earned on Net Revenues allocated pursuant to the Ordinance shall be expended only for those purposes for which the Net Revenues were allocated;
X The City of La Palma is aware of the State Controller’s “Guidelines Relating to Gas Tax Expenditures for Cities and Counties”, which is a guide for determining MOE Expenditures for M2 Eligibility purposes; X The City’s Expenditure Report is in compliance with direction provided in the State Controller’s “Guidelines Relating to Gas Tax Expenditures for Cities and Counties;” and X The City of La Palma has expended in this fiscal year an amount of local discretionary funds for streets and roads purposes at least equal to or exceeding the FY 2023-24 MOE benchmark dollar amount11. 11/5/2024
Assistant City Manager (Print Name)
Signature

Page 103 of 398 ends

Agenda Item No. 7 November 5, 2024 | 1
City of La Palma
Agenda Item No. 7
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Andy Ramirez, Public Works & Community Services Director
AGENDA TITLE: Award a Contract to Golden Meters Service, Inc. for the Neptune MIU Endpoint & Antenna Installation
RECOMMENDED ACTION:

It is recommended that the City Council take the following action:

1. Award a contract to Golden Meters Service, Inc. for an amount not to exceed $57,200 for the Neptune Meter Interface Unit Endpoints and Antenna Installation;

2. Authorize a 15% contingency for unforeseen needs for materials and labor; and

3. Authorize the City Manager or his designee to execute the agreement and all necessary documents.

BACKGROUND:

As part of the City’s 2024-2025 Capital Improvement Plan (CIP), the Water Division identified a critical need for the upgrade and conversion of Neptune Water Meter Interface Unit (MIU) endpoints and antennas used for the City’s remote Advanced Metering Infrastructure (AMI). The City purchased 1,101 of the MIU endpoints and antennas in Fiscal Year 2023-2024 and has recently secured bids for the installation of the replacement components.

SUMMARY:

The updated MIU component includes a small gray box and an antenna which are installed inside the water meter boxes at the meter in front of residential and commercial locations. This system enables the water meter to transmit a radio signal to a data collector which relays the meter reading information to the City’s AMI to properly account for usage and billing. The installations will provide proper endpoint communication and integration to the City’s new R900 data collectors that were installed in 2022.

Three quotes were obtained from a very limited number of potential vendors who provide this type of service. The three vendors and associated costs are as follows:

Page 104 of 398 ends

Agenda Item No. 7 November 5, 2024 | 2
Golden Meters Service, Inc. $57,200.00
Concord Utility Services $74,875.00
Ferguson Waterworks $90,200.00

FISCAL IMPACT
The Fiscal Year 2024-25 Capital Improvement Program (CIP) allocates $102,000 for the Neptune MIU Endpoint & Antenna Installation (Account No. 055-900-8040-00000).

ATTACHMENTS:

1. Concord Services Quote

2. Golden Meters Service Inc Quote

3. Ferguson Quote

Page 105 of 398 ends

Carlo,
This is for budgetary purposes only.

39.50 for radio and antenna install. $39.50 X 1,100 = $43,450 $7,500 - Work Order Management System programming and set up (one-time fee) $7,500 $7,500 - WOMS Integration (one-time fee) $7,500
$1.75 - Implementation fee (1,100 services per work order charge) $1.75 X 1,100 = $1,925 $10.00 per spice kit (unless utility is providing)
9,500 per month Project Management fee $9,500
5,000 for mobilization (one-time fee) $5,000
TOTAL = $74,875
Assumptions:

Utility is providing a warehouse
No lid replacement or modification is included in the numbers above.

Any costs outside of the scope above will need to be given a line itemed price.

Happy to have a call to discuss further!
Jordan Bell
Director of Sales at Concord Utility Services
p. 843-475-5851
e. [email protected]
For more info go to concordus-inc.com
Follow Us!

Page 106 of 398 ends

THANK YOU FOR YOUR BUSINESS!
Golden Meters Service Inc.
107 S Edward Ave
Fullerton, CA 92833
+17146532900
[email protected]
www.GoldenMeters.com

ADDRESS
City of La Palma
City of La Palma
7822 Walker Street
La Palma, CA 90623
Estimate 2121
DATE 09/19/2024

DESCRIPTION QTY RATE AMOUNT

PRICE BASED ON PREPROGRAMMED REGISTERS &

ENDPOINTS

LABOR ONLY, CITY TO PROVIDE ALL MATERIALS

NEPTUNE MXU ENDPOINT & ANTENNA INSTALLATION

NO PROGRAMMING INCLUDED NECESSARY- MAGNET

SWIPE ONLY

NO WATER SHUT OFF
DATA COLLECTED: CURRENT READ &PICTURE OF

GMS WILL RETURN ALL REMOVED ENDPOINTS TO
CITY.

GMS TO PROVIDE ALL DATA VIA CSV FILE.

RATES DO NOT INCLUDE BONDING.

RATES BASES ON NON PREVAILING WAGE.

Thank you for your inquiry. Feel free to reach out to
us with any questions or concerns.

SUBTOTAL 57,200.00
TAX 0.00
TOTAL $57,200.00

Page 107 of 398 ends

THANK YOU FOR YOUR BUSINESS!
Accepted By Accepted Date

Page 108 of 398 ends

Date:
1 2
3 4
5 6
Terms & Conditions:

La Palma, City of 09202024
Extended
1,100 $82.00
Quotation #
Project:

AMI Specialists: Adam Milauskas
9/20/2024
Ship to:

Carlo Nafarrete MIU Installation Quote
La Palma, City of
$90,200.00
Estimated Sales Tax 8.75%
Sub Total $90,200.00
Ship Date
N/a
Taxable Freight
Freight
8415 Meadowlark Ln. Valid Until: 90 Days
Item
La Palma, CA 90623 Net Thirty Days
Neptune MIU Installation - Labor Only (See terms & conditions below) Product or Service Description
$90,200.00
Quantity Per Item
Terms:

Total Investment
11909 Tech Center Ct.

Poway, CA 92064
Phone: 949.467.4758
Fax: 858.391.5958

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Date:

Quotation # La Palma, City of 09202024
9/20/2024
11909 Tech Center Ct.

Poway, CA 92064
Phone: 949.467.4758
Fax: 858.391.5958 MIU installation only, no meter changeouts Magnet swipe only
Old MIU's to be returned to City for disposal
No bonding or prevailing wage inscluded
No tax charged on labor only
Prices quoted are for this project only and do not include sales or use taxes, if any. Quoted prices are based upon receipt of the total quantity for immediate shipment or shipments within thirty (30) days of a bid opening only, and are offered contingent upon the Buyer's acceptance of Seller's terms and conditions. Seller objects to all terms and conditions. Future shipments subject to price changes. Seller not responsible for delays caused beyond our control. Purchaser's sole warranties, if any, are those provided by the manufacturer. SELLER DISCLAIMS ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANT ABILITY OR FITNESS OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT WILL

SELLER BE LIABLE FOR ANY INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING DIRECTLY OR INDIRECTLY FROM THE OPERATION OR USE OF THE PRODUCT. SELLER'S LIABILITY, IF ANY, SHALL BE LIMITED TO THE NET SALES PRICE RECEIVED BY SELLER. All returns are subject to Ferguson and/or Manufacutures return policy and maybe subject to a restocking fee. Complete terms and conditions are available upon request or can be view at www.ferguson.com/sales-terms.html

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Agenda Item No. 8 November 5, 2024 | 1
City of La Palma
Agenda Item No. 8
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Andy Ramirez, Public Works & Community Services Director
AGENDA TITLE: Second Amendment to On-Call City Engineering Services Contract RECOMMENDED ACTION:

It is recommended that the City Council:

1. Approved the 2nd Amendment to the On-Call City Engineer Services contract for one (1) year with Infrastructure Engineers, a Bowman Company; and

2. Authorize the Mayor to sign the 2nd Amendment.

SUMMARY
The contract with Infrastructure Engineers provides for the City Engineer to be on-site a minimum of one day per week, with additional hours available as required by the City for fast-tracking plan checks and monitoring scheduled projects. In addition, to specific engineering duties and related work, the City Engineer attends weekly department staff meetings and participates in the coordination of specialized projects with staff and other contracted engineering firms (traffic, streets, storm water, etc.).

The City and Infrastructure Engineers entered into an Agreement for On-Call Engineering services, dated November 1, 2022. The Agreement included provisions allowing for two optional one-year extensions, granting the City flexibility to continue services if needed. The City and Infrastructure Engineers exercised the first option (“Amendment No. 1”) on February 26, 2024, extending the term through November 2024. Now, the City and Infrastructure Engineers desire to exercise the second option to extend the term of the Agreement through November, 1, 2025.

Therefore, staff recommends approving the Second Amendment to extend the current contract for one year in an amount not to exceed $70,000.

FISCAL IMPACT
The FY 2024-25 Budget allocates sufficient funding for on-call city engineering services, with costs distributed as follows: 50% to the General Fund (001-380-6000-38010), 20% to the Water Fund (050-

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Agenda Item No. 8 November 5, 2024 | 2
430-6000-00000), 20% to the Gas Tax Fund (011-410-6000-41010), and 10% to the Sewer Fund (052-480-6000-00000). Hours dedicated to specific Capital Improvement Projects, however, will be billed directly to the respective project’s account using the rates provided in the attached rate sheet.

ATTACHMENTS:

1. Extension Letter & Rate Sheet

2. 2nd Amendment

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HOURLY RATE SCHEDULE
(effective January 1, 2024)
General
3060 Saturn Street, Suite 250 | Brea, CA 92821 | Tel: 714.940.0100 | infrastructure-engineers.com | bowman.com Civil / Traffic Engineering
Project Manager $185
Principal Engineer $180
Senior Engineer $170
Senior Plan Check Engineer $175
Plan Check Engineer $165
Associate Engineer $155
Assistant Engineer $140
Engineering Associate $135
Engineering Assistant $115
GIS Analyst $150
CAD Manager $155
CAD Designer $110
CAD Technician $100
Engineering Technician $105
Principal Traffic Engineer $185
Senior Traffic Engineer $180
Traffic Engineer $155
Water / Wastewater / NPDES
Senior Water Engineer $175
Water Engineer $158
Program Manager (NPDES) $175
Inspector (NPDES) $115
Environmental Scientist $105
Land Surveying & Mapping
Project Manager $185
Licensed Land Surveyor $185
Survey Analyst $150
Survey Crew (2-person) $236
Survey Crew (2-person,
prevailing wage) $278
Community Development -
Environmental & Planning
Director $195
Project Manager $173
Planning Manager $167
Principal Planner $163
Planner III $153
Planner II $139
Planner I $129
Planning Technician $98
Environmental Specialist $175
Environmental Planner III $165
Environmental Planner II $155
Environmental Planner I $144
Environmental Technician $100
Fire Prevention
Fire Marshal $165
Fire Investigator $154
Fire Plans Examiner $140
Senior Fire Inspector $140
Fire Inspector $125
Counter Technician $105
Construction Management
Construction Manager $198
Resident Engineer $198
Schedule / Controller $173
Utilities Coordinator $158
Senior PW Observer / Inspector $148
Senior PW Observer / Inspector
(prevailing wages) $199
PW Observer / Inspector $135
PW Observer / Inspector
(prevailing wage) $179
Municipal Engineering
Interim City Manager $430
Assistant / Deputy City Manager $399
City Engineer $189
City Traffic Engineer $179
Deputy City Engineer $179
Deputy City Traffic Engineer $169
Plan Check Engineer $179
Plans Examiner $169
CIP Manager $180
Office Engineer $169
Associate Engineer $158
Engineering Associate $150
Engineering Assistant $140
Engineering Technician $136
Building & Safety
Building Official $175
Deputy Building Officer $155
Plan Check Engineer $165
Landscape Architect $155
Senior Certified Access Specialist $165
Certified Access Specialist $155
Senior Plans Examiner $145
Plans Examiner $135
Code Enforcement Manager $145
Code Enforcement Officer $130
Senior Building Inspector $135
Building Inspector $125
Grading Inspector $125
Counter Technician $105
Architectural Services
Director $200
Studio Manager $184
Senior Project Manager / Senior
Architect $176
Project Manager / Project
Architect $155
Senior Job Captain $126
Job Captain $105
Drafter $90
Program Management /
Public Outreach
Program Director $184
Web Designer $150
Media Specialist $145
Program Coordinator $135
Photographer $128
Outreach Specialist $125
Interpreter / Translator $125
Production Assistant $85
Fund Administrator $138
Labor Compliance Coordinator $105
Administrative & Clerical
Organizer / Supervisor $108
Administrative Assistant $90
Clerk Typist $80
Other Charges
Delivery $110
Mileage (current federal
guideline rate @ time of
billing) / mile
Travel Cost + 15%
Reimbursements Cost + 15%
Principal-in-Charge $365
Additional billing classifications may be added to the above list throughout the year as new positions are created. The above schedule is for straight time. Overtime will be charged at 1.5 times. Sundays and Holidays are charged at 2.0 times the standard time. Deposition and court appearances will be charged at 1.5 times the listed billing rates.

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1 AMENDMENT NO. 2

AGREEMENT FOR ON-CALL ENGINEERING SERVICES
THIS AMENDMENT NO. 2 TO THE AGREEMENT FOR ON-CALL ENGINEERING SERVICES (“Amendment No. 2”) is made and entered into as of November 5, 2024, by and between the CITY OF LA PALMA (“City”), a municipal corporation, and INFRASTRUCTURE ENGINEERS, a BOWMAN COMPANY, a California corporation (“Contractor”). The City and Contractor are hereinafter together referred to as the “Parties” and each individually as “Party.”

RECITALS
A. The Parties hereto have previously entered into an Agreement for On-Call Engineering services, dated November 1, 2022 (the “Agreement”). A true and correct copy of the Agreement is attached as Attachment A and incorporated herein by reference.

B. The Agreement included provisions allowing for two optional one-year extensions, granting the City flexibility to continue services if needed.

C. The Parties exercised the first option (“Amendment No. 1”) on February 26, 2024, extending the term through November 2024. A true and correct copy of the Agreement is attached as Attachment A and incorporated herein by reference.

D. Now, the Parties desire to exercise the second option to extend the term of the Agreement through November, 1, 2025.

E. The Parties desire to maintain an hourly billing rate of $150.

WHEREFORE, the Parties desire to amend said Agreement as follows:

1. Extend the Agreement date through November 1, 2025.

2. The Parties agree that, under this Amendment No. 2, the hourly billing rate will remain at $150, with the total contract amount not to exceed $70,000.

3. Except as noted above, all other terms of the Agreement and Amendment No. 1 shall remain in full force and effect.

IN WITNESS WHEREOF, this Amendment No. 2 has been executed as of the date first written above.

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2 CITY OF LA PALMA:

By_________________________________
Marshall Goodman
Mayor
ATTEST:
__________________________________
Kimberly Kenney, CMC
City Clerk Infrastructure Engineers, a Bowman Company
By_________________________________
Farzad Dorrani
Principal of Operations

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Attachment A
[See next page]

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AMENDMENT NO. 1

AGREEMENT BETWEEN THE CITY OF LA PALMA
AND

INFRASTRUCTURE ENGINEERS, A BOWMAN COMPANY
THIS AMENDMENT NO. 1 (“Amendment No. 1) is made and entered into as of February 6, 2024, by and between the CITY OF LA PALMA (“City”), a municipal corporation and Infrastructure Engineers, a Bowman Company, a California Corporation (“Contractor”).

RECITALS
WHEREAS, The parties hereto have previously entered into an Agreement (the “Agreement”) for on-call city engineering services on November 1, 2022. A true and correct copy of this Agreement is attached hereto as reference.

WHEREAS, The contractor has provided on-call city engineering services to the City since November 7, 2017, with a renewed contract on November 1, 2022 for two one-year extensions. The City and Contractor desire to extend their Agreement through November 2024.

WHEREAS, The City and Contractor may amend the Agreement at any time, by either party, and for any reason. A true and correct copy of this Agreement is attached hereto as reference.

WHEREFORE, the parties desire to amend said Agreement as follows:

1. Extend the Agreement dated November 1, 2022 through November, 2024.

2. As of this writing, the City and Contractor agree the Amendment shall retain the current billing rate of $150 per hour, with allowable CPI adjustments per the percentage change in the Los Angeles-Long Beach-Anaheim Consumer Price Index (CPI) in accordance with the Agreement.

3. Except as noted above, all other terms of the Agreement dated November 1, 2022, all terms, conditions, and provisions set forth in the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 1 as evidenced by the signatures of their authorized representatives set forth below.

CITY OF LA PALMA:

By_________________________________
Marshall Goodman
Mayor
DocuSign Envelope ID: D30B1311-E90D-4437-8705-76C5F29061A4

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ATTEST:
__________________________________
Kimberly Kenney, CMC
City Clerk

INFRASTRUCTURE ENGINEERS,

A BOWMAN COMPANY
By_________________________________
Farzad Dorrani, MS
Principal of Operations
DocuSign Envelope ID: D30B1311-E90D-4437-8705-76C5F29061A4

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Agenda Item No. 9 November 5, 2024 | 1
City of La Palma
Agenda Item No. 9
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Resolution Amending the City Council’s Regular Meeting Schedule for January 2025.

RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution amending the City’s Council’s Regular Meeting Schedule for January 2025.

SUMMARY:

The City Council adopted Ordinance 2020-02 on May 5, 2020, which allows the Council to meet on the first and third Tuesdays of each month, with the flexibility to adjust the date, time, and frequency of meetings by resolution. Subsequently, on June 2, 2020, the Council adopted Resolution 2020-29, reducing the frequency of meetings to once a month, held on the first Tuesday. To accommodate the Winter Holiday closure from December 24, 2024, to January 1, 2025, a resolution is moving forward to adjust the January meeting schedule.

BACKGROUND:

The City Council adopted Resolution 2020-29 on June 2, 2020, to reduce meetings to once a month, held on the first Tuesday of each month. This format has been effective for both Staff and the City Council in conducting City business and has become standard practice without impacting operations.

Since 2018, the City Council has cancelled and/or rescheduled the first Regular City Council Meeting in January as a result of the holiday closure of City facilities and have continued to do so since that date. As a result of moving the meetings to once a month on the first day of the month by Resolution, Staff is looking to reschedule the January meeting from January 7, 2025, to January 14, 2025.

CONCLUSION:

Adoption of the resolution rescheduling the first Regular Meeting of the new year to January 14, 2025, will have no impact on operations.

FISCAL IMPACT:

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Agenda Item No. 9 November 5, 2024 | 2
None.

ATTACHMENTS:

1. Resolution changing January 2025 City Council Mtg Date

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Resolution 2024-__

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RESOLUTION NO. 2024-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA PALMA, CALIFORNIA AMENDING THE DATES OF

CITY COUNCIL MEETINGS FOR THE MONTH OF
JANUARY, 2025.

WHEREAS, on May 5, 2020, the City Council of the City of La Palma conducted a second reading and adopted Ordinance 2020-02 allowing the City Council to adjust the meeting frequency, dates, and times, by means of Resolution and considered testimony and evidence at the Regular Hearing held with respect thereto; and WHEREAS, since June 2, 2020, by Resolution 2020-29, the City of La Palma has been able to address the reduction in Agenda Items by approving a meeting schedule from twice a month to once a month, meeting on the first Tuesday of each month, that has to date, not impacted City services and operations; and WHEREAS, since 2018, the City Council has cancelled and/or rescheduled the first Regular City Council Meeting in January as a result of the holiday closure of City facilities and have done so without impacting operations.

NOW, THEREFORE, the City Council of the City of La Palma does hereby adopt a Resolution rescheduling the January 2025 meeting date to January 14, 2025, as permitted by Ordinance 2020-02.

APPROVED AND ADOPTED by the City Council of La Palma at a regular meeting on the 5th day of November, 2024.
_______________________________
Marshall Goodman
Mayor
ATTEST:
_______________________________
Kimberly Kenney, CMC
City Clerk

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Resolution 2024-__

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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

AYES:

NOES:
_______________________________
Kimberly Kenney, CMC
City Clerk

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Agenda Item No. 10 November 5, 2024 | 1
City of La Palma
Agenda Item No. 10
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Andy Ramirez, Public Works & Community Services Director
AGENDA TITLE: Award a Contract for Water Leak Asphalt Repairs RECOMMENDED ACTION:

It is recommended that the City Council take the following action:

1. Award a Contract to G.M. Sager Construction Co., Inc. for an amount not to exceed $28,727 for water leak asphalt repairs; and

2. Authorize the City Manager to execute all required documents BACKGROUND:

Since July, the City has experienced eleven water service line leaks at various locations. Each situation required the excavation of City streets to identify and perform repairs by both Water staff and emergency contractors. As a result, temporary asphalt patches and road plates remain in place at each leak location. Permanent asphalt repairs to City streets have been deferred to obtain quotes and economies of scale for best pricing.

SUMMARY:

City staff recently requested pricing for permanent asphalt repairs and received three proposals. After a review, staff concluded that the proposal submitted by G.M. Sager Construction Co., Inc. is the lowest bid and complies with restoring City streets. The three vendors and their associated proposed costs are as follows:

VENDOR NAME PROPOSED COST
G.M. SAGER CONSTRUCTION CO INC. $28,727.00
E&R CONSTRUCTION $28,777.00
VALVERDE CONSTRUCTION, INC. $98,157.34

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Agenda Item No. 10 November 5, 2024 | 2
FISCAL IMPACT:

The FY 24/25 Budget allocates sufficient funds for this project within the Water Fund (050-460-6000- 00000).

ATTACHMENTS:

1. G.M. Sager Construction Co., Inc. Proposal

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Proposal/Contract
G. M. SAGER CONSTRUCTION CO., INC.

A GENERAL ENGINEERING CONTRACTOR
1380 SOUTH EAST END AVENUE, POMONA CA 91766
(909) 620-9987 ◆ (626) 335-7429 ◆ FAX (909) 620-5288
State Lic. #607796 DIR# 1000010280
No. COLP101724

PROPOSAL SUBMITTED TO CONTACT PHONE DATE
CITY OF LA PALMA CARLO NAFARRETE 10/17/2024

STREET JOB NAME THOMAS GUIDE
7822 WALLER ST VARIOUS LOCATIONS

CITY, STATE ZIP JOB LOCATION
LA PALMA, CA 90623 VARIOUS LOCATIONS, LA PALMA, CA
DATE OF PLANS FAX # EMAIL
[email protected]
We propose hereby to furnish material and labor complete in accordance with specifications below for the sum of:

THIRTY THOUSAND TWO HUNDRED SIXTY DOLLARS AND 00/100. $30,260.00 PAYMENT TO BE AS FOLLOWS: UPON COMPLETION
All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Any alteration or deviation from specifications below involving extra costs will be executed only upon written orders, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents or delays beyond our control. Owner to carry fire, tornado and other necessary insurance. Our workers are fully covered by Workers' Compensation Insurance.

Authorized Signature
Note: This Proposal may be withdrawn by us if not accepted within 60 Days.

We hereby submit specifications and estimates for:

SCOPE OF WORK

5831 CRESTVIEW CIR

1. SAWCUT, REMOVE AND REPLACE 153 SF OF ASPHALT AT 5” THICK. $3,050.00 7671 CARBON CIR

1. SAWCUT, REMOVE AND REPLACE 120 SF OF ASPHALT AT 5” THICK. $2,900.00 5812 WARWICK CIR

1. SAWCUT, REMOVE AND REPLACE 40 SF OF ASPHALT AT 5” THICK. $2,525.00 5812 IRIS CIR

1. SAWCUT, REMOVE AND REPLACE 240 SF OF ASPHALT AT 5” THICK. $3,810.00 5232 PEMBURY DR

1. SAWCUT, REMOVE AND REPLACE 48 SF OF ASPHALT AT 5” THICK. $2,560.00 7891 LEMONWOOD CIR

1. SAWCUT, REMOVE AND REPLACE 70 SF OF ASPHALT AT 5” THICK. $2,665.00 4661 DANA DR

1. SAWCUT, REMOVE AND REPLACE 48 SF OF ASPHALT AT 5” THICK. $2,560.00 4941 SHARON DR

1. SAWCUT, REMOVE AND REPLACE 35 SF OF ASPHALT AT 5” THICK. $2,500.00 5151 BRANSFORD DR

1. SAWCUT, REMOVE AND REPLACE 63 SF OF ASPHALT AT 5” THICK. $2,630.00 7362 DOUGLAS CIR

1. SAWCUT, REMOVE AND REPLACE 42 SF OF ASPHALT AT 5” THICK. $2,535.00 7152 RAMPART LN

1. SAWCUT, REMOVE AND REPLACE 40 SF OF ASPHALT AT 5” THICK. $2,525.00 TOTAL: $30,260.00
Note: Prevailing Wage
Pricing valid for 60 days.

Exclusions: Petromat Removal, Steel Plates, Soil Testing, Compaction Testing, Inspection Fees, Surveying, RPM’S, Traffic Loops.

Prices subject to change according to job or special conditions (i.e. unusual traffic conditions, size of job, change in city or county building Code Inspectors requirements, special material, night work. "NOTICE TO OWNERS"
(section 7018,7019 - Contractors License Law)
Under the Mechanic's Lien Law, any contractor, subcontractor, laborer, material man or other person who helps to improve your property and is not paid for his labor, services or material, has the right to enforce his claim against your property. This means that, after a court hearing, your property could be sold by a court officer and the proceeds of the sale used to satisfy the indebtedness. This can happen even if you have paid your contractor in full, if the subcontractor, laborer or supplier remains unpaid.

Under the law, you may protect yourself against such claims by filing, before commencing such work of improvement, an original contract for the work of improvement or a modification thereof, in the office of the county recorder of the county where the property is situated and requiring that a contractor's payment bond be recorded in such office. Said bond shall be in an amount not less than fifty percent (50%) of the contract price and shall, in addition to any conditions for the performance of the contract, be conditioned for the payment in full of the claims of all persons furnishing labor, services, equipment or materials for the work described in said contract.

Acceptance of Proposal - The above prices,
specifications and conditions are satisfactory and are
hereby accepted. You are authorized to do the work as
specified. Payment will be made as outlined above.

Date of Acceptance Signature

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Agenda Item No. 11 November 5, 2024 | 1
City of La Palma
Agenda Item No. 11
MEETING DATE: November 5, 2024
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Award of Contract for a Citywide Cost Allocation Plan & Comprehensive User Fee Study
RECOMMENDED ACTION:

It is recommended that the City Council take the following actions:

2. Allocate $23,450 from the General Fund's unreserved fund balance to cover the cost of the project.

BACKGROUND:

In September 2024, the City issued a Request for Proposals (RFP) from qualified firms with expertise performing comprehensive cost allocation and user fee studies for California municipalities. The RFP scope included a cost of services and user fee study, and comprehensive cost allocation plan to ensure that the City of La Palma is utilizing comprehensive overhead rates and accurately accounting for the true cost of providing various internal and public-facing City services.

The current user fee study and cost allocation plan was completed in 2022 by Revenue & Cost Specialists (RCS). Since that time, the cost of services, staffing, and staffing rates have changed significantly, resulting in the City's need to reassess the user fees.

ANALYSIS:

At the RFP submission deadline, the City received three (3) qualified bids from reputable and qualified firms in the Orange County area. (See table below)
Company Location Bid
Matrix Consulting Group, Ltd. Irvine, CA $50,000
Willdan Financial Services Anahiem, CA $40,820

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Agenda Item No. 11 November 5, 2024 | 2
Revenue & Cost Specialists, LLC Fullerton, CA $23,450
After review of each proposal, staff determine Revenue & Cost Specialists to be the most competitive and qualified to complete the Citywide Cost Allocation Plan & Comprehensive User Fee Study. All three firms possess the necessary background and experience to meet our needs, which is a positive outcome of the selection process. However, when evaluating methodology, approach, and cost, RCS clearly stood out, requiring the fewest hours to complete the project, and their pricing at more than 50% lower than the high bid, making them the most cost-effective option. Additionally, RCS has a great deal of experience working with the City of La Palma, having completed similar work in 2009 and 2022 for the City.

PROPOSAL:

As part of the RCS proposal, the first step will produce a Cost Allocation Plan (CAP), which is necessary in calculating the fully burdened hourly rates for employees, and is a highly effective way to distribute the overhead costs to funds, departments, and the end-user services, and will make the full costs of services more defensible and complaint with Propositions 4, 218 and 26.

Through a series of focused meetings with staff, RCS will draw from the most knowledgeable person on the subject matter. RCS will work with staff over the next few months to present the final report to the City Council at the April or May 2025 Council meeting. Pending approval, the new study and subsequent fees will go into effect with the Fiscal Year 2025/26 Budget on July 1, 2025.

FISCAL IMPACT:

Approval of this request will allocate $23,450 from the General Fund's unreserved balance to the Professional Services Contract account within the City Manager's division (001-120-6000-00000).

This adjustment will cover the anticipated expenses without impacting other allocated funds.

ATTACHMENTS:

1. RCS Proposal for Cost Allocation Plan and Citywide Fee Study

2. RCS Agreement

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Proposal for the City of La Palma

COST ALLOCATION PLAN & CITYWIDE FEE STUDY

1519 E Chapman Ave
Suite C
Fullerton, CA 92831
(714) 992-9020
www.revenuecost.com

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Proposal for Cost Allocation Plan and Citywide Fee Study Page | 2
TABLE OF CONTENTS September 18, 2024
Cover Letter ..................................................................................................................................................................... 3 Project Team ................................................................................................................................................................... 4 Firm’s Experience/References ............................................................................................................................... 8 Methodology/Project Understanding .............................................................................................................. 10 Project Timeline ......................................................................................................................................................... 15 References ..................................................................................................................................................................... 16 Cost for Services ......................................................................................................................................................... 17 Indemnification........................................................................................................................................................... 18

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Proposal for Cost Allocation Plan and Citywide Fee Study Page | 3
September 18, 2024
City of La Palma
Attn: Joseph Cisneros, Deputy City Manager
City of La Palma
7821 Walker St
La Palma, CA 90623
Proposal – Cost Allocation Plan & Citywide Fee Study
Revenue & Cost Specialists, LLC (RCS) appreciates the opportunity to respond with this proposal to develop a Cost Allocation Plan and Citywide Fee Study. We have been providing fee studies and other costing services since 1980, making us the first and foremost expert in costing services for California. RCS’ skill set will generate maximum accountability for the City of La Palma. We have a history of delivering quality reports with defensible data that can be acted on and adopted.

Our processes are straightforward, analytical and require minimal staff time. In the end, we strive to ensure that the City of La Palma will be able to confidently stand behind the information and recommendations in the Report. As former city staff ourselves, we understand how La Palma operates, what you want, and that your time is precious. If selected, RCS can begin work immediately.

Based next door in Fullerton, we can provide timely support to City staff for years to come.

The terms of this proposal will be honored for 90 calendar days from the date of submittal.

Please contact Eric at (714) 992-9027 or [email protected] with any questions.

Sincerely,
ERIC S. JOHNSON
President

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Proposal for Cost Allocation Plan and Citywide Fee Study Page | 4

LA PALMA PROJECT TEAM
While all RCS principals have worked independently on projects, Rick Kermer will be the project manager involved with the City of La Palma with Eric Johnson available as needed.

For the sake of continuity, only RCS principals will interact with City staff, as our specialization and expertise will allow staff to focus on other City functions. We thoroughly understand and will be involved in every phase of the fee study, advising City staff when necessary.

Mr. Kermer’s and Mr. Johnson’s resumes are included in this proposal on the following pages.

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Proposal for Cost Allocation Plan and Citywide Fee Study Page | 5

EDUCATION
Bachelor of Arts in Political
Science - University of
Redlands

AFFILIATIONS
California Society of
Municipal Finance Officers
Government Finance Officers
Association
Eric S. Johnson
President
Mr. Johnson serves as President of Revenue & Cost Specialists with over 34 years of professional knowledge in cost recovery model and user fee studies. He focuses on providing a positive experience for RCS clients, which minimizes staff interruptions yet still produces a comprehensive, defensible study that is adopted by the governing board.

Municipal Experience
City of Redlands – Redevelopment Intern (1987-1989)
Relevant Project Experience
City of Long Beach – Comprehensive Fee Study: RCS was
selected in 2019 to perform a multi-year comprehensive
update of Long Beach’s 2,850 fees, fines and permits.

City of Santa Clarita – Cost Allocation Plan and
Comprehensive Fee Study: RCS developed a Cost Allocation Plan and Comprehensive Fee Study for the City most recently in 2024 and has also updated the Cost Allocation Plan every year since 2011. RCS has been providing these services for the City since 1995.

City of Santa Barbara – Cost recovery model and
Comprehensive Fee Study: RCS completed a Development
Services Fee Study 2019 and a Fire Department Fee Study in 2020. The City Council adopted changes to its fee schedule.

City of Carson – Cost Allocation Plan and Comprehensive Fee Study: RCS completed a Cost Allocation Plan and
Comprehensive Fee Study for the City in 2022, and the City Council adopted the suggested user fees in 2023.

City of Lompoc – Cost recovery model and Comprehensive
Fee Study: RCS completed a Comprehensive Fee Study for the City originally in 2015 and most recently in 2022, in which the City adopted the suggested user fees.

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ALBERT RICHARD ("RICK") KERMER, JR.

EDUCATION
Bachelor of Arts - University of Chicago-Economics
Master of Business Administration - University of Chicago-Accounting and Math Methods/Computers

PROFESSIONAL CERTIFICATION
Certified Public Accountant, State of California (Retired)

PROFESSIONAL EXPERIENCE
Revenue & Cost Specialists/Management Services Institute - Partner (1979-Present) Former President and current President-Emeritus of a diversified management services company.

City of Buena Park-Director of Finance/City Treasurer
(1976-1979) Managed a department responsible for administering the budget and general accounting plus water billing, treasury management, business licensing and data processing of a full-service city.

Developed and implemented an integrated on-line financial and program budgeting system. Prepared City's first Annual Financial Report for FY 1978-79 which received a CSMFO Meritorious Award.

Municipal Finance Consultant, Lecturer and Author
(1976-Present) Performed accounting and financial assistance to numerous municipal governments.

Assisted redevelopment agencies, housing authorities, and other specialized districts. Provided contractual accounting services to cities including service as Acting Controller of Compton.

Lecturer on governmental accounting, budgeting, cost accounting and risk management at the University of Southern California. Speaker at several League of California Cities meetings on risk management and cost accounting. Co-author of several articles on risk management published by the Municipal Finance Officers Association and Western Cities magazine. Co-author of the League of California Cities publication, Cost Accounting for California Cities.

City of Lynwood-Fiscal Officer
(1975-1976) Created Finance Department. Established centralized purchasing and review of accounts payable. Administered risk management program. Organized utility billing system for accounting control and follow-up on delinquents.

Lance, Soll & Lunghard, CPAs-Senior Auditor
(1971-1975) Audited the Cities of Bell, California City, Claremont, Costa Mesa, Duarte, El Monte, Lynwood, Montclair, Oxnard, Rialto, San Dimas and Whittier. Recommended warrant processing and receipting procedures. Reviewed internal control and recommended changes to strengthen same.

Prepared annual financial reports and monitored adherence to generally accepted accounting procedures.

Publications:

Co-Author of Cost Accounting for California Cities, League of California Cities, 1981 Sacramento, CA

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ALBERT RICHARD ("RICK") KERMER, JR.- (continued)

CLIENTS SERVED

SERVICE COST STUDIES
City of Alhambra
City of Banning
City of Big Bear Lake
City of Brea
City of Calimesa
City of Carlsbad
City of Carpinteria
City of Ceres
City of Chino
City of Claremont
City of Coachella
County of Contra Costa
City of Corona
City of Cudahy
City of Draper, Utah
City of Dinuba
City of Dublin, Ohio
City of Folsom
City of Fontana
City of Foster City
City of Fountain Valley
City of Fullerton
City of Goodyear, Arizona
City of Hemet
City of Highland
City of Huntington Beach
County of Imperial
City of Jurupa Valley
City of La Mirada
City of La Palma
City of Lake Forest
City of Lemoore
City of Lindsay
City of Los Altos
City of Lynwood
City of Mammoth Lakes
City of Marina
City of Merced
City of Milpitas
City of Mission Viejo
City of Monrovia
City of Monterey
City of Moreno Valley
City of Morgan Hill
City of Norwalk
City of Oakdale
City of Oceanside
Oceanside Harbor District
City of Palmdale
City of Palm Desert
City of Pasadena
City of Petaluma
City of Pittsburg
City of Pomona
SVC. COST STUDIES (cont.)
City of Port Hueneme
City of Rancho Cordova
City of Rancho Cucamonga
City of Rancho Palos Verdes
City of Red Bluff
City of Redlands
City of Rialto
City of Richmond
City of Riverside
City of Rocklin
City of Salinas
City of San Bernardino
City of San Bruno
City of San Clemente
City of San Juan Capistrano
City of San Rafael
City of Sanger
City of Santa Clarita
City of Scotts Valley
City of Seal Beach
City of Selma
City of Sierra Madre
City of Solana Beach
City of South Gate
City of South Lake Tahoe
City of South Pasadena
City of Springville, Utah
City of Temple City
City of Thousand Oaks
City of Tulare
City of Turlock
City of Upland
City of Vallejo
City of Villa Park
City of Vista
City of Westminster
City of West Jordan, Utah

COST ALLOCATION PLAN
City of Alhambra
City of Buena Park
City of Carlsbad
City of El Cajon
City of Fountain Valley
City of Fullerton
City of Lynwood
City of Petaluma
City of Rancho Cordova
City of Rialto
City of San Bruno
City of San Rafael
City of Solana Beach
City of Springville, Utah
City of Thousand Oaks

COST ALLOCATION PLAN
(cont.)
City of Vallejo
Or.Co. Vector Control District

CASH MANAGEMENT
City of Buena Park
City of Commerce
City of Compton
La Mirada Civic Theater
City of Palmdale

ACCOUNTING

PROCEDURES
City of Buena Park
Commerce Redev. Agency
City of Compton
City of La Habra
City of La Palma
City of Morgan Hill
City of Palmdale
South Gate Housing Authority

DATA PROCESSING
City of La Palma
Ontario-Montclair Sch. District
City of Palmdale
City of San Clemente
City of South Gate
City of Villa Park
ORG. & MGMT
City of La Mirada
Ontario-Montclair Sch. District
City of South Gate
City of Vista

UTILITY RATE STUDIES
City of Brea
City of Chino
City of El Segundo
City of South Gate

LONG RANGE FINANCIAL
PLAN
City of Chino
City of Cudahy
City of Lake Elsinore
City of South Gate
City of Hesperia
City of Turlo

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FIRM’S EXPERIENCE AND REFERENCES

RCS HISTORY
Revenue & Cost Specialists, LLC (Taxpayer ID No.
330787781) was founded in 1980 by two former City
Managers and a Finance Director (Rick Kermer) who, after the passage of Propositions 13 and 4, discovered that user fees were a legal option to recover lost municipal revenues.

Four decades later, RCS continues its focus on cost allocation and fee calculation services.

After the passage of AB 1600 in 1988, our company added impact fee calculation services to help municipalities finance public facility expansion. In those early years, RCS principals published articles and presented at conferences, helping California municipal employees understand how fees work. Our early work is the foundation of how fees and cost allocation plans are calculated today.

In 2000, RCS created Government Software Systems to develop robust costing software that serves fee calculation needs better than spreadsheets. Our company has provided additional services to municipalities that include long-range financial planning, accounting procedures and utility rate studies.

RCS continues to thrive through repeat business, referrals and references. As a small business, RCS takes only a handful of new clients each year, allowing us to spend substantial time with them. In 2024, RCS celebrates its 44th year in business and is looking forward to another 40 plus years of partnering with municipalities.

QUALIFICATIONS
RCS’ principals make up the Limited Liability Company, which has been financially stable since the company started. Combined, RCS principals have over 100 years of experience in cost allocation plans and fee studies and served over 250 municipalities. We have provided these services to a wide array of public agencies, from the smallest special district to larger and more complex cities and counties. Though based in Orange County, we engage in projects throughout the State of California.

RCS principals specialize in:
 User Fee Studies
 Cost Allocation Plans
 Development Impact Fee Studies
 Special Financial Management Studies and Reports

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These specializations allow RCS to focus on every aspect of municipal fees and be the best of what we do. We are confident in our project time estimates and do not respond to RFPs when the project workload exceeds our capacity. We have suggested new fees that are not common practice throughout the state and have challenged and removed municipal fees that were not defensible. We have assisted municipalities in streamlining their fee-based processes.

All RCS principals have prior city experience, serving as analysts, managers or directors. We are all knowledgeable in fund accounting, department structures and municipal services. We stay current on pending financial and legal issues that challenge municipalities. All principals are comfortable speaking with city staff at all levels, drafting reports and resolutions, and presenting them to the public, stakeholders and City Council members.

Eric Johnson, President, has streamlined and perfected the process of CAP and User Fee Study engagements. With over 30 years and hundreds of studies completed, Eric has created a superior process that demands little staff time while obtaining maximum results. Eric quickly understands complex city services and how to calculate fees for them. He relates well with elected officials because he responds with candor and brevity. If you speak to any of Eric’s prior or current clients, they will tell you how easy the process was.

Rick Kermer, President-Emeritus, was one of the founders of RCS. Rick used his CPA and audit experience to build cost allocation and user fee spreadsheets and software that passes rigorous analysis and reporting accounting standards. Rick’s work is the foundation of all the fee study work offered today. He is now semi-retired, taking only a handful of projects each year.

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METHODOLOGY/PROJECT UNDERSTANDING
The City of La Palma wants to identify the full costs of all operational services that are either currently charged a fee or could be charged a fee.

RCS will first update the City’s Total-Cost Cost
Allocation Plan (CAP), which is necessary in
calculating the fully burdened hourly rates for
employees and is an effective way to distribute the
overhead costs to other funds, departments, and the
end-user services. Our Total-Cost Cost Allocation Plan
is powerful in capturing the maximum overhead
charges to enterprise funds.

Next, RCS will perform the fee study, reviewing the
staff time and program costs involved with each
service and calculating the full cost of services for each fee. The proposed fee structure will recover these costs in the most equitable and efficient way possible. The user fees will represent how operations are conducted in the City, and may involve flat fees, deposits, valuation-based fees, stepincrease fees, or a combination of these. The eventual fee recommendations included in the final report and master fee resolution will be defensible, easy to understand, and be supported by City staff.

The most important part of our work is performed through a series of focused meetings with staff. Scheduled meetings commit staff to the timeline and ensure that our study draws from the most knowledgeable person on the subject matter. A series of meetings also gives City staff time to digest and reflect on the information generated. RCS uses only company principals with more than 20-plus years of experience to conduct these meetings, which makes the process quicker and the results more accurate. Our process provides the City with well-documented and defensible service costs that will be used to develop fees that comply with Propositions 4, 218 and 26.

We also identify 100% of the staff time on 100% of the services they provide. This gives City staff a complete perspective on their time allocations instead of merely looking at time allocations for individual services in a vacuum. These methods will ensure that City staff feels confident about the data and, therefore, confident in supporting the results in public hearings.

The other key result of identifying 100% of City services is that we are identifying not only the cost of fee services, but of community-supported services, such as police, street and park maintenance services. This allows us to have a real discussion with real numbers with the City Council about tax subsidy policy. Since we are identifying the full costs of fee services, we are also identifying the current subsidy of general tax dollars for these services.

Therefore, we can show the City Council how much fee services are subsidized at the expense

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of community-supported services. Does the City want to continue to use precious tax dollars to support, for instance, a bathroom remodel and permitting inspection that only benefits a particular property owner or use those tax dollars on things that can only be supported by tax dollars, like police patrol and park maintenance? They will now have that information to be able to make that conscious choice.

Changing the discussion from fee increases to tax subsidy policy along with RCS’ experience in successfully presenting the results of similar studies to City Councils ensures that the City will be able to meet its policy objectives.

RCS will provide the City of La Palma with the requested printed and electronic copies of the final versions of the Cost of Services Study and Cost Allocation Plan, including related schedules and cost documentation in a format that can be edited and updated by City staff to accommodate desired changes.

Project Kick-Off
Task 1: Prepare City Data
RCS will review and prepare necessary files for the project. This includes obtaining and reviewing prior user fee reports and fee schedules, line-item budget details, salary schedules, MOUs and fringe benefit details.

Task 2: Kick-off Meeting
RCS will conduct a Citywide meeting, explaining the operational methodology of the study and the role of staff. We will review any possible issues that may arise as well as answer any questions from staff about the process. This meeting is crucial for the process as we want to ensure that everyone understands the various steps in the process and what is expected of them.

Cost Allocation Plan
Task 1: Identify Central Services and Allocate Staff Time RCS will meet with various departments to identify and review central services and allocate staff time and costs for those services. Examples of central services include payroll, risk management, and facility maintenance. City staff time involved in the meetings would be approximately 1-2 hours per central service department.

Task 2: Develop Allocation Factors
RCS will meet with City staff to develop the allocation factors for each central service identified in the above task. These factors will form the basis for determining fully burdened hourly rates and allocating central service costs. This meeting will be

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concurrent with the time allocation meeting. Though City staff involvement in data gathering is a function of the availability of the required information, RCS will develop allocation factors that are easily reproducible from year to year but still equitably allocate central service costs. RCS will calculate allocations to the functional centers and review the results with the managers of the various central service departments.

City staff time to review the results of the allocations will be less than 1 hour per department.

Task 3: Prepare and Review Draft Cost Allocation Plan with City RCS will prepare a Draft Report with allocations to end user departments using our 20-step allocation model. RCS will review this Draft Report with the City’s management, making any necessary adjustments to ensure that costs are allocated properly.

Task 4: Prepare Final Cost Allocation Plan
RCS will then prepare a Final Report with allocations to end user departments. These results will be used for the general overhead component of the Fee Study and can also be used to determine the amounts for transfers to the General Fund for support provided to other funds. RCS will provide the City’s requested number of printed copies, as well as a PDF file of the Overhead Cost Allocation Study. RSC will also provide a computer-based model for adjusting these fees and charges for the City’s current and future needs, providing an electronic copy of the final study that can be edited and updated as needed. RCS will consult with City Staff as necessary to defend the cost allocation plan in the event of audits or other challenges.

User Fee Study
Task 1: Review the Service List with Staff
RCS will review the service list through meetings with City staff. We will also work with Departmental staff to determine any changes to the fee calculation methods. The end result, whichever method is used, will be a fee structure that best fits the City going forward. While this list will change during the course of the Study as it is refined, it will be the initial basis from where we start. City staff time for this review will be approximately 1 hour per department.

Task 2: Staff Time/Contract Cost Allocations
RCS will interview personnel providing end-user services to ensure that costs from all functional areas directly involved with a service are included in the cost of that service. This component will form the bulk of the time spent by staff. There will be two to four meetings with supervisory level staff in each functional area to create and verify the amount of time spent by staff on the services identified in the task above.

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We do not ask City staff to do our job by filling out forms detailing how they spend their time. This interactive process, and the fact that we allocate 100% of all departmental staff, ensures that the information being generated is valid and reliable.

Total time commitment per department varies from 2-20 hours, through a series of working meetings.

Task 3: Develop Fully Burdened Hourly Rates
RCS will develop a fully burdened hourly rate for each departmental employee, including salaries and benefits, miscellaneous operating services and supply costs, citywide overhead and departmental overhead.

Task 4: Prepare Draft Report
RCS will prepare a Draft Report that identifies the total costs for each service, along with current fees, and makes fee recommendations for each service presented as well potential new fees for services the City provides but does not charge for. Service costs will be compared with existing recovery levels. RCS will review this report with the departments so that each will have input on the fees presented in the Final Report.

City staff time would be approximately 1-2 hours per department for those departments that have fee services.

Task 5: Prepare Final Report
Based on staff input, RCS will prepare a Final Report, which will have recommendations for new fees, subsidy percentages and revenue projections from those fees. The Report will include text and summary tables that will clearly explain the results and the context. All recommended fees will comply with Propositions 4, 218, 26 and any other applicable laws. RCS will provide a PDF file of the Final Report.

Any Master Fee Schedule revisions will also be made available in Word, Excel and/or PDF formats. RSC will provide a computer-based model for adjusting these fees and charges for the City’s current and future needs, providing an electronic copy of the final study that can be edited and updated as the need arises and allowing for the requirements referred to in the City’s RFP. RCS will consult with staff as needed to defend the fee study in the event of audits or other challenges.

Task 6: Present Report to the City Council
RCS will assist City staff, the City Council in the review and adoption of revised service fees and subsidy percentages, at up to three public meetings. RCS will assist City staff in the implementation of the revised service fees.

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Comments on Update, Software & A87 CAP
UPDATE. This proposal is for an update to the work done by RCS in 2022. RCS still has the files that were used for the last update That means RCS can spend more time analyzing the current fees and suggesting new fees while also passing along savings to the City.

SOFTWARE. The City already owns our software. If the City has staff available to use software to update its costs and fees, RCS can merely provide training to that staff which would be a fraction of the cost of paying for a full update or study.

There is a fantasy that a spreadsheet program exists which would be just as thorough and simpler to use than the RCS software. RCS/MSI started with spreadsheet programs and used them for twenty years. It was this experience that made us realize that spreadsheets could not perform as well as database software.

RCS can prepare a simple spreadsheet to incorporate salary and benefit changes for the years between full updates, if the City desires.

A87 CAP. An A87 Cost Allocation Plan is necessary to recover costs from federal and some state programs. The RCS software can prepare the calculations for an A87 CAP. However, there is record-keeping that is necessary to have a valid A87. That would include the need for all City Administrative staff to keep up-to-date daily timesheets to justify overheads. As former city staff ourselves, RCS understands that this would create a hassle that would far exceed any benefit to the City. There are simple spreadsheet models for Gas Tax overhead recovery. Additionally, most cognizant agencies are willing to negotiate an overhead rate that would eliminate the need for an A87 CAP.

RCS prepares a Total-Cost Cost Allocation Plan as part of the update as this generates the greatest benefit to the City.

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PROJECT TIMELINE
RCS is available to begin work immediately with the proposed schedule outlined below. This schedule, of course, will require the cooperative participation of City staff.

Project Timeline Month
1 Month
2 Month
3 Month
4 Month
5 CAP & User Fee Studies
Obtain Budget & Personnel Data
Review Service List
Review Staff Time Allocations
Develop Fully Burdened Hourly Rates
Review Draft & Final Reports
Prepare for City Council Meeting

ONSITE MEETINGSAND VIDEO CONFERENCING MEETINGS
RCS will utilize our Zoom account, or any video conferencing platform of the City’s choosing, to facilitate all working meetings. Our experience has determined that the use of video conferencing is more flexible in scheduling meetings, permitting City staff to quickly access reports and files on their computers, and allowing everyone to view and discuss the same documents at the same time. Department meetings will be 30 minutes to two hours each.

We would be on-site to present the report at all City Council meetings; and, because we are so close, to attend any on-site staff meetings as desired.

CLIENT INPUT
RCS will make every effort to advise, seek input from and, in general, explain the work as it is being performed. For a project to be completed successfully, we depend on dedicated and engaged staff participation. Most of the staff participation is to attend working meetings with RCS. There will be no “homework” to be completed and returned to us.

The City should also designate a Project Coordinator for the fee study who will:
1) Identify key City staff and coordinate the kick-off meeting(s) 2) Assist in obtaining requested information
3) Coordinate the review of draft reports, and
4) Provide project direction if needed

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REFERENCES
Jurisdiction Contact Title
City of Buena Park Sung Hyun
(714) 562-3713
Finance Director
[email protected]
RCS completed a Cost Allocation Plan and Comprehensive Fee Study for the City in 2021, and the City Council adopted the suggested user fees in 2021.

City of Highland Leticia Nava-Cruz
(909) 864-6861
Dir. of Administrative Services
[email protected]
RCS completed a Comprehensive Fee Study for the City most recently in 2021 and are currently working on another update for the City.

City of Long Beach Geraldine Alejo
(562) 570-5478
Revenue Management Officer
[email protected]
RCS was selected in 2019 to perform a three-year comprehensive update of Long Beach’s 2,850 fees, fines and permits.

City of Santa Barbara James Hamilton
(805) 564-5504
Comm Dev Business Manager
[email protected]
RCS completed a Development Services Fee Study 2019 and a Fire Department Fee Study in 2020. The City Council adopted changes to its fee schedule.

City of Santa Clarita Carmen Magana
(661) 255-4997
Admin Services Director
[email protected]
RCS developed a Cost Allocation Plan and Comprehensive Fee Study for the City most recently in 2024 and has also updated the Cost Allocation Plan every year since 2011. RCS has been providing these services for the City since 1995.

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COST FOR SERVICES
Revenue & Cost Specialists propose the following project costs, with a NOT TO EXCEED AMOUNT OF $23,450.

Task Milestones/Deliverables Hours Total Cost
Cost Allocation Plan
Review Central Services/Times List of Central Services 8 1,400 Develop Allocation Factors Index of Allocation Factors 12 2,100 Initial Calculation Review Draft Cost Allocation Plan 8 1,400 Prepare Final Cost Allocation Plan Final Cost Allocation Plan 8 1,400 Cost Allocation Plan 36 $6,300
User Fee Study
Kick-Off Meeting Informational Meeting 3 525
Build Budget and Positions Schedule of Positions and Budget 8 1,400 Develop Service List Preliminary Service List 3 525
Develop Staff Time Allocations Time Detail Reports 22 3,850 Develop Fully Alloc. Hourly Rates Fully Alloc. Hourly Rate Reports 8 1,400 Prepare Draft Report Draft Fee Study Report 20 3,500
Prepare Final Report Final Report 28 4,900
Public Meetings Presentations 6 1,050
User Fee Study 98 $17,150
PROJECT TOTAL 134 $23,450
The above proposal is based on a cost of $175 per hour. The billing rate for any additional work not covered by this proposal would be $195 per hour. Our proposal covers all costs except for the following additional costs that the City may incur:
 Meeting attendance beyond those identified in this proposal.  Insurance coverage beyond our basic general liability and workers compensation requiring an additional premium. RCS standard coverage includes workers compensation pursuant to state law, comprehensive liability Insurance with a combined single limit coverage of $2,000,000 and professional liability insurance with a combined coverage of $2,000,000.

RCS will submit four equal invoices plus any miscellaneous costs from the previous paragraph. The first invoice will be submitted ten days after notice to proceed. Each invoice will be due within 30 days of submission.

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INDEMNIFICATION
The City’s Professional Services Contract language regarding Indemnification is overly onerous and puts all of the risk on RCS. While we have no issue being responsible for our actions, we can’t be responsible for unsubstantiated claims. Therefore, we suggest the following indemnification language:
“Consultant shall indemnify the City, its elected officials, officers and employees from any demands, judgements, and all liability including, but not limited to, monetary or property damage, lost profit, personal injury, wrongful death, general liability, infringement of copyright/patent/trademark, professional errors and omissions, investigative expenses, attorney fees, and court costs arising out of an error, a negligent act, or omission of the Consultant, or the willful misconduct of the Consultant in performing the services described in, or normally associated with, this type of contracted work.”

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2905/001784-0004
17755573.6 a10/29/24

AGREEMENT FOR CONSULTANT SERVICES

REVENUE & COST SPECIALISTS, LLC
THIS AGREEMENT FOR CONSULTANT SERVICES (hereinafter, the “Agreement”), is entered into as of NOVEMBER 5, 2024, by and between the CITY OF LA PALMA, a municipal corporation (hereinafter, the “City”), and REVENUE & COST SPECIALISTS, LLC (RCS), a corporation (hereinafter, the “Consultant”). The Consultant and the City are hereafter together referred to as the “Parties” and each individually as a “Party.”

RECITALS
A. The City requires the services of, and desires to retain, a consultant to perform the services set forth and described in the Scope of Work attached hereto as Exhibit “A” and incorporated herein by this reference (hereinafter, the “Consultant Services”).

B. By virtue of the Consultant’s expertise, experience, and background, the Consultant is qualified to perform the Consultant Services for and on behalf of the City.

C. The City and the Consultant mutually desire to enter into this Agreement for the provision of the Consultant Services by the Consultant for and on behalf of the City, in accordance with the terms and conditions set forth herein.

EXECUTORY AGREEMENTS
NOW, THEREFORE, in consideration of the facts recited above and the covenants, conditions, and promises contained herein, the City and the Consultant mutually agree as follows:

1. RETENTION AND DUTIES OF CONSULTANT

1.1 Retention of Consultant. The City hereby retains the Consultant, and the Consultant accepts this retention from the City, to perform the Consultant Services as set forth in the Scope of Work attached hereto as Exhibit “A”.

1.2 Time. Time is of the essence for this Agreement. The Consultant shall perform all Consultant Services, and each component thereof, within the time periods set forth in the Scope of Work.

1.3 Standard of Performance. The Parties mutually acknowledge that the City has retained the Consultant to perform the Consultant Services based upon the special skills, expertise, and experience of the Consultant. Accordingly, in performing the Consultant Services, the Consultant shall use the skill and care that a highly specialized professional with significant expertise in the field, would use under similar circumstances. To the extent that the Consultant retains sub-consultants or subcontractors to perform any portion of any of the Consultant Services, to the extent permitted hereunder, the Consultant has a duty to the City to ensure that the tasks and services performed by such sub-consultants and subcontractors meet the same highly specialized professional level, skill, and expertise expected of the Consultant.

Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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1.4 Licenses, Permits, Fees, and Approvals. The Consultant shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the Consultant Services prior to commencing work. The Consultant and its employees, agents, and sub-consultants or subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Consultant Services. The Consultant shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Consultant’s performance of the Consultant Services, and shall indemnify, defend and hold harmless the City and City Personnel against any such fees, assessments, taxes, penalties or interest levied, assessed, or imposed against the City hereunder.

1.5 Personnel. The Consultant shall at all times allocate sufficient qualified personnel as required to perform the Consultant Services. The Consultant represents that the Consultant Services will be performed by the Consultant or under its direct supervision, and that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable Federal, State and local law to perform such tasks and services. The Consultant shall pay all wages, salaries, and other amounts due to such personnel in connection with their performance of the Consultant Services and as required by law.

1.6 Materials. The Consultant shall equip itself with all necessary goods, materials, equipment and personal property to perform the services specified in this Agreement.

The Consultant shall at all times ensure that all goods, materials, equipment and personal property included within the Consultant Services shall be of good quality, fit for the purpose intended.

1.7 Warranty. By executing this Agreement, the Consultant warrants that the Consultant (i) has thoroughly investigated and considered the Consultant Services to be performed, (ii) has carefully considered how the Consultant Services should be performed, and (iii) fully understands the facilities, difficulties, and restrictions attending performance of the Consultant Services.

1.8 Coordination With City. In the performance of the Consultant Services, the Consultant shall report to and receive instructions from the City Manager of the City or his or her designee (“Contract Administrator”). Tasks or services other than those specifically described in the Scope of Work shall not be performed by the Consultant or any sub-consultant or subcontractor without the prior written approval of the Contract Administrator pursuant to Section 1.11 herein.

1.9 Subcontracting Prohibited. The Consultant shall not subcontract the performance of any of the Consultant Services without the prior written approval of the Contract Administrator.

1.10 Project Manager. The Consultant agrees that the following person shall be the project manager on behalf of the Consultant under this Agreement, and shall be principally responsible for performing the Consultant Services:

Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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ERIC S. JOHNSON
Revenue & Cost Specialists, President
Notwithstanding the foregoing, the Parties acknowledge that persons other than the abovedesignated project manager of the Consultant may perform tasks or services under this Agreement if the performance of such tasks or services is under the supervision and control of the Consultant’s project manager. The Consultant shall not alter the assignment of the above-designated project manager without the prior written approval of the Contract Administrator.

1.11 Additional Services. If the City changes the scope of the Consultant Services to be performed by the Consultant, or if the Consultant is requested to perform services not specifically described in the Scope of Work (“Additional Services”), the Consultant shall perform such services as are necessary to complete the work, and compensation for the work performed shall be paid by the City in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B” and incorporated herein by this reference, or as otherwise may be agreed in writing by the City and the Consultant. It is expressly understood by the Consultant that the provisions of this Section 1.11 shall not apply to services specifically set forth in the Scope of Work or reasonably contemplated therein. The Consultant hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Services may be more costly or time consuming than the Consultant anticipates and that the Consultant shall not be entitled to additional compensation therefor. Unless contradictory of this Section 1.11, all provisions in this Agreement applicable to the Consultant’s performance of the Consultant Services shall also apply to the Additional Services.

2. COMPENSATION TO CONSULTANT

2.1 Payment by the City. The City shall pay to the Consultant for the performance of the Consultant Services compensation in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B”.

2.2 Invoices. The Consultant shall invoice the City on a monthly basis for all work performed by the Consultant under this Agreement. Invoices shall include billings for all charges, including authorized direct costs incurred by the Consultant during the month covered by the invoice. All charges for labor or professional services shall describe with specificity the services rendered and shall set forth the number of hours worked and hourly rates in accordance with the Budget and Fee Schedule. Within thirty (30) days of receipt of an invoice, and upon determination by the City that the invoice is in order and that the Consultant has performed all requested or required services in a timely and competent manner, the City shall pay such invoice.

2.3 Record of Payment. The Consultant shall maintain records on all services for and charges to the City under this Agreement for a period of not less than twenty-four (24) months, or for any longer period required by law, after the termination of this Agreement, and make such records available for review and audit if requested by the City at any time during the term, or within twenty-four (24) months, or for any longer period required by law, after the termination of this Agreement. All such records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible.

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3. LEGAL RESPONSIBILITIES

3.1 Compliance with Law. The Consultant shall keep fully informed of all Federal and State laws and regional, county, and municipal ordinances and regulations which may in any manner affect those employed by the Consultant or the performance by the Consultant of any tasks or services for or on behalf of the City. The Consultant shall at all times observe and comply with all such laws, ordinances, and regulations, and shall be responsible for the compliance therewith of all work and services performed by the Consultant by or on behalf of the City.

3.2 Independent Contractor. The Consultant is retained as an independent contractor only, for the sole purpose of rendering the Consultant Services, and is not an employee of the City. The City shall have the right to control the Consultant only as to results of the Consultant’s services rendered pursuant to this Agreement, and the City shall not have the right to control the means by which the Consultant accomplishes the services performed under this Agreement.

3.3 Non-Discrimination. The Consultant shall not discriminate against any employee or applicant for employment because of any impermissible classification pursuant to Federal or State law, including, but not limited to, race, color, religion, national origin, gender, physical or mental disability, age, military status, sexual orientation, gender identity, gender expression, or marital or familial status. The Consultant shall incorporate the foregoing provisions in all subcontracts.

3.4 Proprietary Information. All proprietary information developed by the Consultant in connection with, or resulting from, this Agreement, including but not limited to inventions, discoveries, improvements, copyrights, patents, maps, reports, textual material, or software programs, shall be the sole and exclusive property of the City, without restriction or limitation upon their use. The Consultant agrees that the compensation to be paid pursuant to this Agreement includes adequate and sufficient compensation for any proprietary information developed in connection with or resulting from the performance of the Consultant Services under this Agreement. The Consultant further understands and agrees that full disclosure of all proprietary information developed in connection with, or resulting from, the performance of services by the Consultant under this Agreement shall be made to the City, and that the Consultant shall do all things necessary and proper to perfect and maintain ownership of such proprietary information by the City. The Consultant hereby agrees to deliver such proprietary information to the City upon the expiration or termination of this Agreement. It is understood and agreed that the proprietary information prepared pursuant to this Agreement is prepared specifically for the City and is not necessarily suitable for any future or other use. The Parties agree that, until final approval by the City, all data, plans, specifications, reports, and other documents are confidential and will not be released to third parties without prior written consent of both Parties unless required by law.

3.5 Patented and Copyright Materials. The Consultant shall assume all costs arising from the use of patented or copyrighted materials, including but not limited to equipment, devices, processes, and software programs, used or incorporated in the services or work performed by the Consultant under this Agreement. Pursuant to Section 3.7 herein, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold the City and its elected and Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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appointed boards, members, officials, officers, agents, representatives, employees, and volunteers (“City Personnel”) harmless from any and all suits, actions, or proceedings of every nature for or on account of the use of any patented or copyrighted materials.

3.6 Prevailing Wages. The Parties have determined that prevailing wage laws do not apply to this Agreement because the Consultant Services do not include construction, alteration, demolition, installation, or repair work or other otherwise exempt under California’s prevailing wage laws (Lab. Code, § 1720 et seq.). Notwithstanding the foregoing, it is agreed by the Parties that, in connection with performance of the Consultant Services, including, without limitation, any and all public works (as defined by applicable law), the Consultant shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Pursuant to Section 3.7 herein, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold the City and City Personnel harmless from and against any liability, loss, damage, cost or expenses (including but not limited to reasonable attorneys’ fees, expert witness fees, court costs, and costs incurred related to any inquiries or proceedings) arising from or related to (i) the noncompliance by the Consultant or any party performing the Consultant Services of any applicable local, state, and/or federal law, including, without limitation, any applicable federal and/or state labor laws (including, without limitation, the requirement to pay state prevailing wages and hire apprentices); (ii) the implementation of Section 1781 of the Labor Code, as the same may be amended from time to time, or any other similar law; and/or (iii) failure by the Consultant or any party performing the Consultant Services on the Consultant’s behalf to provide any required disclosure or identification as required by Labor Code Section 1781, as the same may be amended from time to time, or any other similar law.

3.7 Indemnification.

3.7.1 Indemnification of the City. Except as set forth in subdivision 3.7.2, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold harmless the City and City Personnel from and against any and all demands, judgments, attorneys fees, costs, damages to persons or property, losses penalties, obligations, or expenses arising out of the Consultant’s acts, omissions, or negligence. This indemnity obligation shall not apply to Claims arising from the sole negligence or willful misconduct of the City or any City Personnel.

3.7.2 Design Professionals. The provisions of this subdivision 3.7.2 apply only in the event that the Consultant is a “design professional” within the meaning of the California Civil Code Section 2782.8(c). If the Consultant is a “design professional” within the meaning of Section 2782.8(c), then notwithstanding subdivision 3.7.1 above, to the fullest extent permitted by law (including, without limitation, Civil Code Sections 2782 and 2782.6), the Consultant shall defend (with legal counsel reasonably acceptable to the City), indemnify, and hold harmless the City and City Personnel from and against any Claim that arises out of, pertainsto, or relatesto, directly or indirectly, in whole or in part, the negligence, recklessness, or willful misconduct of the Consultant, any sub-consultant, subcontractor, or any other person directly or indirectly employed by them, or any person that any of them control, arising out of the Consultant’s performance of any task or service for or on behalf of the City under Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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this Agreement. Such obligations to defend, hold harmless, and indemnify the City or any City Personnel, shall not apply to the extent that such Claims are caused in part by the sole negligence or willful misconduct of the City or such City Personnel. The Consultant’s cost to defend the City and/or City Personnel against any such Claim shall not exceed the Consultant’s proportionate percentage of fault with respect to that Claim; however, pursuant to Civil Code section 2782.8(a), in the event that one or more defendants is unable to pay its share of defense costs due to bankruptcy or dissolution of the business, the Consultant shall meet and confer with the City (and, if applicable, other parties) regarding any unpaid defense costs. To the extent the Consultant has a duty to indemnify the City or any City Personnel under this subdivision (b), the Consultant shall be responsible for all incidental and consequential damages resulting directly or indirectly, in whole or in part, from the Consultant’s negligence, recklessness, or willful misconduct.

3.8 Retention of Funds. The Consultant hereby authorizes the City to deduct from any amount payable to the Consultant (whether arising out of this Agreement or otherwise) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate the City for any losses, costs, liabilities, or damages suffered by the City, and all amounts for which the City may be liable to third parties, by reason of the Consultant's negligent acts, errors, or omissions, or willful misconduct, in performing or failing to perform the Consultant's obligations under this Agreement. The City in its sole and absolute discretion, may withhold from any payment due to the Consultant, without liability for interest, an amount sufficient to cover such claim. The failure of the City to exercise such right to deduct or withhold shall not act as a waiver of the Consultant's obligation to pay the City any sums the Consultant owes the City.

3.9 Insurance. The Consultant shall not commence the performance of any work or services under this Agreement until the Consultant has obtained all insurance required hereunder, nor shall the Consultant allow any sub-consultant or subcontractor to commence services until all such insurance has been obtained by the sub-consultant or subcontractor. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement. The City reserves the right to require complete, certified copies of all required insurance policies, at any time. All insurance policies shall be issued by an insurance company currently authorized by the California Department of Insurance to transact business of insurance or is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager. The Consultant shall take out and maintain at all times during the performance of this Agreement the following policies of insurance:

3.9.1 Workers Compensation Insurance to cover the Consultant’s employees as required by law; and the Consultant shall require all subcontractors to provide such compensation insurance for all of the latter’s employees. Each such policy of worker compensation insurance shall carry the following endorsements:
(a) “The insurer waives all rights of subrogation against THE CITY OF LA PALMA, its officers, officials, agents, employees, and representatives.”
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(b) “This insurance policy shall not be canceled, limited or nonrenewed by the insurer until thirty (30) days after receipt by THE CITY OF LA PALMA of a written notice of such cancellation, limitation, or reduction of coverage.”

3.9.2 Comprehensive General Liability Insurance for bodily injury, death, and property damage which may arise from the negligent performance of the Consultant, its employees, agents representatives, successors, and assigns while performing work or services under this Agreement, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate. Each such policy of insurance shall be in a form satisfactory to the City and shall contain the following endorsements:
(a) “THE CITY OF LA PALMA, its officers, officials,
employees, and representatives, are hereby declared to be additional insureds under the terms of this policy with respect to the operations and activities of the named insured at or from the premises of THE CITY OF LA PALMA described above.” (b) “This insurance policy shall not be canceled, limited, or not renewed until thirty (30) days after receipt by THE CITY OF LA PALMA of a written notice of such cancellation, limitation, or reduction of coverage.” (c) “This insurance policy is primary insurance and no insurance held or owned by the designated additional insureds shall be called upon or looked to cover a loss under said policy; THE CITY OF LA PALMA shall not be liable for the payment of premiums or assessments on this policy.”

3.9.3 Comprehensive Automobile Liability Insurance, including owned, non-owned, and hired automobiles, in a minimum Combined Single Limit of $1,000,000 per occurrence for bodily injury, death, and property damage. Each such policy of insurance shall be in a form satisfactory to the City and shall contain the following endorsements:
(a) “THE CITY OF LA PALMA, its officers, officials,
employees, and representatives, are hereby declared to be additional insureds under the terms of this policy with respect to the operations and activities of the named insured at or from the premises of THE CITY OF LA PALMA described above.” (b) “This insurance policy shall not be canceled, limited, or not renewed until thirty (30) days after receipt by THE CITY OF LA PALMA of a written notice of such cancellation, limitation, or reduction of coverage.” (c) “This insurance policy is primary insurance and no insurance held or owned by the designated additional insureds shall be called upon or looked to cover a loss under said policy; THE CITY OF LA PALMA shall not be liable for the payment of premiums or assessments on this policy.”

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in a minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and the Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.

3.9.5 Renewal of Insurance. At least thirty (30) days prior to the expiration of any policy of insurance required under Paragraph 3.9.1, 3.9.2, 3.9.3 or 3.9.4, a signed complete certificate of insurance, with all endorsements provided herein, showing that such insurance coverage has been renewed or extended, shall be filed with the City.

3.9.6 Prohibited Insurance Provisions. Insurance policies required under Paragraph 3.9.1, 3.9.2, 3.9.3 or 3.9.4, shall not include any limiting provision or endorsement that has not been submitted to the City for approval. By way of example, additional insured endorsements shall not be limited to “ongoing operations,” exclude contractual liability, restrict coverage to the “sole” liability of the Consultant, or contain any other limitation contrary to this Agreement.

3.9.7 Variations to Insurance Requirements. The City may, but is not required to, approve in writing a variation in the foregoing insurance requirements, upon a determination that the coverage, scope, limits, and forms of such insurance are either not commercially available, or that the City’s interests are otherwise fully protected.

3.10 Conflicts of Interest.

3.10.1 City Personnel. No City Personnel shall have any financial interest, direct or indirect, in this Agreement, or participate in any decision relating to this Agreement that affects his or her financial interest or the financial interest of any corporation, partnership, association or other entity in which he or she is interested, in violation of any federal, state or city statute, ordinance or regulation. The Consultant shall not employ any such person while this Agreement is in effect.

3.10.2 Consultant. The Consultant represents, warrants and covenants that he, she or it presently has no interest, direct or indirect, which would interfere with or impair in any manner or degree the performance of the Consultant’s obligations and responsibilities under this Agreement. The Consultant further agrees that while this Agreement is in effect, the Consultant shall not acquire or otherwise obtain any interest, direct or indirect, that would interfere with or impair in any manner or degree the performance of the Consultant’s obligations and responsibilities under this Agreement.

The Consultant acknowledges that pursuant to the provisions of the Political Reform Act (Government Code section 87100 et seq.), the City may determine the Consultant to be a “consultant” as that term is defined by the Act. In the event the City makes such a determination, the Consultant agrees to complete and file a “Statement of Economic Interest” with the City Clerk to disclose such financial interests as required by the City. In such event, the Consultant further agrees to require any other person doing work under this Agreement to complete and file a “Statement of Economic Interest” to disclose such other person’s financial interests as required by the City.

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3.11 No Undue Influence. The Consultant declares and warrants that no undue influence or pressure is used against or in concert with any officer or employee of the City in connection with the award, terms or implementation of this Agreement, including any method of coercion, confidential financial arrangement, or financial inducement. No officer or employee of the City shall receive compensation, directly or indirectly, from the Consultant, or from any officer, employee, or agent of the Consultant, in connection with the award of this Agreement or any work to be conducted as a result of this Agreement. The Consultant further warrants that it has not employed or retained any company or person other than a bona fide employee working for the Consultant, to solicit or secure this Agreement and that it has not paid or agreed to pay any company or person any fee, commission, percentage, brokerage fee, gift, or any other consideration contingent upon, or resulting from, the award or making of this Agreement. For breach or violation of this warranty, the City shall have the right to annul this Agreement without liability or, in its discretion, to deduct from the Agreement price or consideration, or otherwise recover, the full amount of such fee, commission, percentage, brokerage fee, gift or contingent fee.

3.12 No Benefit to Arise to City Employees. No member, officer, or employee of the City, or their designees or agents, and no public official who exercises authority over or has responsibilities with respect to this Agreement during his/her tenure or for one (1) year thereafter, shall have any interest, direct or indirect, in any agreement or sub-agreement, or the proceeds thereof, for the Consultant Services to be performed under this Agreement.

4. RIGHTS AND REMEDIES

4.1 Termination By the City. The City reserves and has the right and privileges, at its sole discretion and with or without cause at any time during the term of this Agreement, of suspending, canceling or terminating this Agreement or any work in connection with this Agreement with or without any breach or failure to perform of the Consultant. Upon receipt of any notice of termination from the City, the Consultant shall immediately cease all services hereunder except such as may be specifically approved in writing by the Contract Administrator.

In the event of termination under this Section 4.1, all finished or unfinished data, studies, maps, reports, and other items prepared by the Consultant shall become the property of the City, and the Consultant shall promptly deliver such items to the City. In the event of termination under this Section 4.1, the City shall pay the Consultant for all authorized services performed and for all authorized and invoiced expenses incurred up to the date of termination of this Agreement, on a time and materials basis in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B”.

4.2 Performance to the City’s Satisfaction. The Consultant agrees to perform all work to the reasonable satisfaction of the City. If the services performed under this Agreement are not satisfactory, the City has the right to take appropriate action, including but not limited to:
(i) meeting with the Consultant, its agents or subcontractors to review the quality of the work and resolve matters of concern; (ii) requiring the Consultant to have the work repeated at no additional fee until it is satisfactory; (iii) withholding payment of the City’s compensation to the Consultant for any unsatisfactory work performed; (iv) suspending delivery of work to the Consultant for an indefinite time; and/or (v) terminating this Agreement.

4.3 Default, Remedies.

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4.3.1 Default of Insurance Requirements. In addition to any other remedies at law or equity the City may have if the Consultant fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time required by Section 3.9 herein, the City may, at its sole option, exercise any of the following remedies, which are alternatives to other remedies the City may have and are not the exclusive remedy for the Consultant’s breach:
(a) Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement; (b) Order the Consultant to stop work under this Agreement or withhold any payment that becomes due to the Consultant hereunder, or both, until the Consultant demonstrates compliance with the insurance requirements herein; and/or
(c) Immediately terminate this Agreement.

4.3.2 Other Defaults. In addition to any other remedies at law or equity the City may have, if the Consultant materially breaches any of the terms of this Agreement, the City's remedies shall include, but not be limited to, any or all of the following:
(a) Immediately terminate this Agreement; and/or
(b) Take over the work and prosecute the same to completion by contract with another consultant or otherwise, and the Consultant shall be liable to the extent that the total cost for completion of the services required hereunder, including costs incurred by the City in retaining a replacement consultant and similar expenses, exceeds the Budget contained in Exhibit “B”.

4.4 Force Majeure. Any time period specified in this Agreement for performance of services shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the City or the Consultant, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City, if the delaying Party shall within ten (10) days of the commencement of such delay notify the other Party in writing of the causes of the delay (“Force Majeure Event”). If the Consultant is the delaying Party, the City shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of the City such delay is justified. The City’s determination shall be final and conclusive upon the parties to this Agreement. In no event shall the Consultant be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused. The Consultant’s sole remedy shall be extension of this Agreement pursuant to this section. For the avoidance of doubt, Force Majeure shall not include (a) financial distress nor the inability of either party to make a profit or avoid a financial loss, (b) changes in the market prices or conditions, or (c) a party’s financial inability to perform its obligations hereunder. The current events related to the COVID-19 pandemic are known and shall Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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not constitute Force Majeure Event, future impacts of the COVID-19 pandemic may be considered a Force Majeure Event to the extent that they prevent the performance of a Party's obligations under this Agreement.

5. MISCELLANEOUS

5.1 Notices. All notices, invoices or other instruments required or permitted to be given under this Agreement shall be served by personal delivery or deposited in a United States mail depository, postage prepaid, and addressed as follows:

If to the City: CITY OF LA PALMA
7822 Walker Street
La Palma, CA 90623
Attn: Joseph Cisneros, Deputy City Manager
(714) 690-3358
If to the Consultant: REVENUE & COST SPECIALISTS, LLC
1519 E Chapman Ave., Suite C
Fullerton, CA 92831
(714) 992-9020
or such other address or person as either Party may indicate to the other in writing. Service of any instrument by mail shall be deemed effective forty-eight (48) hours after deposit in a United States mail depository, postage prepaid, and addressed as set forth above.

5.2 Integration. This Agreement represents the entire understanding of the City and the Consultant as to those matters contained herein, and no prior oral or written understanding shall be of any force or effect with regard to those matters covered by this Agreement. This Agreement may not be modified, altered, or amended except in writing signed by both the City and the Consultant. The Contract Administrator is hereby authorized to approve and effectuate amendments to this Agreement to the extent permitted by applicable law.

5.3 Construction, Venue. This Agreement shall be construed in accordance with the laws of the State of California and as if drafted by both parties hereto. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either Party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted and maintained in the Superior Courts of the State of California in the County of Orange, or in any other appropriate court with jurisdiction in such County, and the Consultant agrees to submit to the personal jurisdiction of such court.

5.4 Rights and Remedies are Cumulative. Except as may be expressly set forth in this Agreement, the rights and remedies of the Parties are cumulative and the exercise by either Party of one or more of such rights or remedies or other rights or remedies as may be permitted by law or in equity shall not preclude the exercise by such Party, at the same or different times, of any other rights or remedies to which such Party may be entitled.

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5.5 Severability. If any term or provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal or unenforceable in any jurisdiction, the invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable term or provision in any other jurisdiction. Upon a determination that any term or provision is invalid, illegal or unenforceable, the Parties shall negotiate in good faith to modify this Agreement to effect the original intent of the Parties as closely as possible in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

5.6 Assignment. The Consultant shall not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the City; and any such assignment or other transfer without such consent shall be void.

5.7 Consultant not a City Agent. Except as the City may specify in writing, the Consultant shall have no authority, express or implied, to act on behalf of the City in any capacity whatsoever as an agent. This Agreement does not grant to the Consultant any authority, express or implied, to bind the City to any obligation whatsoever.

5.8 Attorney’s Fees. In the event any action is commenced by one Party to this Agreement against the other to enforce any of the rights or obligations arising from this Agreement, the prevailing Party in such action, in addition to any other relief and recovery ordered by the court, shall be entitled to recover all statutory costs, together with reasonable attorney’s fees.

5.9 Successors and Assigns. Subject to the provisions of Paragraphs 1.9 and

5.6 hereinabove, this Agreement, and all of the covenants, terms, and conditions hereof, shall be binding upon, and inure to the benefit of, the City, the Consultant, and their respective successors and assigns.

5.10 Authority of Signatories. The persons executing this Agreement on behalf of the Parties hereto warrant that they are duly authorized to execute this Agreement on behalf of said Parties and that by so executing this Agreement the Parties are formally bound to the provisions of this Agreement.

5.11 No Waiver. No waiver by either Party of any of the provisions of this Agreement shall be effective unless explicitly set forth in writing and signed by the Party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

5.12 No Third-Party Beneficiaries. This Agreement benefits solely the Parties to this Agreement and their respective permitted successors and assigns and nothing in this Agreement, express or implied, confers on any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

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City, or for any amount which may become due to the Consultant or its successor, or for breach of any obligation of the terms of this Agreement.

5.14 Execution. The persons executing this Agreement on behalf of each of the Parties hereto represent and warrant that (i) such Party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said Party, (iii) by so executing this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the Parties.

5.15 Survival. The terms, provisions, representations and certification contained in this Agreement, or inferable therefrom, shall survive the termination of this Agreement and the payment of the compensation hereinabove provided.

5.16 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement.

5.17 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument.

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IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

CITY OF LA PALMA
By:

Conal McNamara
City Manager
ATTEST:

Kimberly Kenney, CMC
City Clerk

CONSULTANT
By:
[Title]
By:
[Title]
APPROVED AS TO FORM:

RUTAN & TUCKER
By:

City Attorney, City of La Palma
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-1-

EXHIBIT A
Scope of Work
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Proposal for Cost Allocation Plan and Citywide Fee Study Page | 10

METHODOLOGY/PROJECT UNDERSTANDING
The City of La Palma wants to identify the full costs of all operational services that are either currently charged a fee or could be charged a fee.

Therefore, we can show the City Council how much fee services are subsidized at the expense Docusign Envelope ID: 5A3C2188-F917-4EF7-8868-C7E1469B790D

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La Palma City CouncilNovember 5, 2024

La Palma City Council
November 5, 2024