Agenda packet — La Palma City Council, February 4, 2025 (part 1 of 2)

February 4, 2025 | 1
AGENDA

REGULAR MEETING

LA PALMA CITY COUNCIL
TUESDAY, FEBRUARY 4, 2025
Mark I. Waldman
Mayor
Nitesh P. Patel
Mayor Pro Tem
Debbie S. Baker
Council Member
Janet Keo Conklin
Council Member
Vikesh 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 (2 ITEMS)

CS-1. 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-2. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Pursuant to Government Code section 54956.9(d)(2), (e)(2))

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February 4, 2025 | 2
1 case – Proposed AT&T Tower at 8415 Meadowlark
OPEN SESSION TO BEGIN AT 6:30 P.M.

PLEDGE OF ALLEGIANCE
Council Member Conklin

INVOCATION
Pastor Steve Bland, La Palma Christian Center
Mayor Pro Tem Nitesh Patel

ROLL CALL

PRESENTATIONS
● Introduction of Aliyar Yazdanshenas as the new Engineer Technician in Public Works
● Proclamation in Recognition of Orange County Fire Authority's Burn Awareness Week
● 50th Annual Americana Awards presentation by Howard Kummerman, Executive Director of Cypress College Foundation
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 (9 ITEMS)
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

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February 4, 2025 | 3
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
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 January 14, 2025, Regular Meeting of the City Council.

3. Approval of Register of Demands
It is recommended that the City Council adopt a Resolution approving the Registers of Demands for January 21, 2025, and February 4, 2025.

4. Second Quarter Operating Report, Fiscal Year 2024-25 It is recommended that the City Council receive and file the report.

5. Second Quarter Cash and Investment Report, Fiscal Year 2024-25 It is recommended that the City Council receive and file the report.

6. Pickleball Project Notice of Completion
It is recommended that the City Council accept the work and authorize staff to file a Notice of Completion and Accept the Work with the Orange County Recorder for the Central Park Pickleball Fencing and Striping Project.

7. Resolution approving the Sponsorship for 2025 Cypress College Foundation Americana Awards, and Authorizing the Distribution of Tickets to Attend the Event
It is recommended that the City Council adopt a Resolution approving Sponsorship of the 2025 Cypress College Foundation Americana Awards at the Benefactor Level and authorize the distribution of tickets to attend the event.

8. Resolution Approving the Admission of the City of La Palma into the Joint Powers Authority of the California Municipal Finance Authority regarding Casa La Palma Apartments at 7777 Valley View Street It is recommended that the City Council take the following actions:

1. Adopt the Joint Exercise of Powers Agreement; and

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February 4, 2025 | 4

2. Adopt a Resolution approving the admission of the City of La Palma into a Joint Exercise of Powers Agreement relating to the California Municipal Finance Authority (CMFA) for the purpose of promoting economic, cultural, and community development activities in the City, including the financing of projects by the CMFA.

9. Approval and Ratification of Transition to Cloud-Based ERP System It is recommended that the City Council approve and ratify the City Manager’s transition to the cloud-based ERP system.

PUBLIC HEARINGS
REGULAR ITEMS (2 ITEMS)

10. Department Restructuring and Overhire Authorizations It is recommended that the City Council:

1. Adopt a Resolution updating the Salary Schedule and a Comprehensive Listing of Personnel Practices and Benefits for Management Employees to include a Public Works Manager and City Clerk/Executive Assistant positions, establish a new salary schedule for the City Clerk/Executive Assistant position, and rescind Resolution No. 2024-23;

2. Adopt a Resolution approving a Side Letter with the La Palma Professional Employees Association amending the Memorandum of Understanding (MOU) to add a Deputy City Clerk position at the proposed salary range, reclassify the City Clerk/Executive position to the Management Employees group, and retitle the Utilities/Maintenance Supervisor to Water Supervisor; and

3. Authorize the overhire of the Public Works Manager and City Clerk/Executive Assistant (or Deputy City Clerk/Executive Assistant) positions for a limited transition period to ensure continuity of operations.

11. Council Member Request - Discuss and Approve the City of La Palma rejoining the Association of California Cities - Orange County (ACC-OC).

It is recommended that the City Council consider Council Member Baker's request and discuss the matter.

COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

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February 4, 2025 | 5

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 February 4, 2025 | 1
City of La Palma
Agenda Item No. 1
MEETING DATE: February 4, 2025
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.

ATTACHMENTS:

None

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Agenda Item No. 2 February 4, 2025 | 1
City of La Palma
Agenda Item No. 2
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Approval of Council Minutes
RECOMMENDED ACTION:

It is recommended that the City Council approve the Minutes of the January 14, 2025, Regular Meeting of the City Council.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. City Council Minutes 1-14-2025

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MINUTES OF THE REGULAR MEETING

OF THE LA PALMA CITY COUNCIL
January 14, 2025
CALL TO ORDER: Mayor Waldman called the Regular Meeting of the La Palma City Council to order at 5:32 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) Claim No. 3052765, regarding physical and emotional injury.

Claimants: Aini, Alamour, Alrefai, Anabtawi, Assfour, Aweinat, Chang, Gradoni, Habbas, Haley, Hammad, Hernandez, Hijazi, Huskey, Kapogianis, Kharal, Mendoza, Monreal, Nasordeen, Nguyen, Plaskon, Valez, Yu, Zadran, and Zegar.

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
Steve Filarsky, Labor Attorney
Mike Matsumoto, Financial Consultant
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 – ANTICIPATED LITIGATION (Pursuant to Government Code section 54956.9(d)(2), (e)(2)) 1 case – Proposed AT&T Tower at 8415 Meadowlark
CS-4. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Pursuant to Government Code section 54956.9(d)(1))
Name of Case: Sarkis Tatarian v. City of La Palma, et al.

Case No. OCSC 30-2024-01375931-CU-WM-CJC

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City Council Meeting
January 14, 2025

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Mayor Waldman recessed to Closed Session at 5:33 p.m.

Mayor Waldman adjourned Closed Session at 6:52 p.m.

OPEN SESSION TO BEGIN AT 6:30PM
Mayor Waldman reconvened the City Council in Open Session at 6:55p.m. and asked for a report out of Closed Session.

City Attorney Thind reported that the City Council voted unanimously to reject the claim in Item CS-1 and that there were no reportable actions regarding the other items in Closed Session.

PLEDGE OF ALLEGIANCE: Council Member Baker
INVOCATION: Pastor Matthew Agosto, City Church
ROLL CALL: Council Members
Council Members present: Council Member Baker, Council Member Conklin, Council Member V. Patel, Mayor Pro Tem N. Patel,
and Mayor Waldman
Council Members absent: None
City Officials present: Conal McNamara, City Manager
Ajit Thind, City Attorney
Joseph Cisneros, Deputy City Manager
Belinda Deines, Community Development Manager
Joe Guerrero, Police Chief
Andy Ramirez, Public Works & Community Services
Director
Kimberly Kenney, City Clerk
PRESENTATIONS:

Mayor Waldman presented a Proclamation in Recognition of Korean-American Day.

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January 14, 2025

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Mayor Pro Tem Nitesh Patel presented a Proclamation to Dani Hernandez in recognition of being named La Palma’s 2024 Employee of the Year. Orange County Supervisor Janet Nguyen issued a Certificate of Recognition to Dani Hernandez.

Mayor Pro Tem Nitesh Patel presented a Proclamation to Jason Hong in recognition of being named La Palma’s 2024 Supervisor/Professional Employee of the Year. Orange County Supervisor Janet Nguyen issued a Certificate of Recognition to Jason Hong.

ORAL COMMUNICATIONS
Teddy Lloyd, a Cerritos resident, addressed the City Council regarding his opinion that La Palma has the best pickleball courts; that the lighting is much better than other courts; that as a UCLA Alumni, he offers his services and expertise to La Palma residents.

Breta Nosaka, a La Palma resident, addressed the City Council regarding her opposition to the parking violations in La Palma village; that this is putting pedestrians and other drivers at risk; and asked the City Council to address painting the curbs red as a resolution.

Richard Fleshman, a La Palma resident, addressed the City Council regarding his opposition to the architecture of the large home being built on Toulouse directly next to his home; his opposition to the window construction giving that house a view directly into his home; the petition from the neighborhood of those in opposition; and the potential fire risk being so closed to his property.

Phil Defrain, a La Palma resident, addressed the City Council regarding his opposition to having Denni Park as a staging area for the city's median project; that he lives next door and listed all the concerns as result of the port-o-potty, equipment, debris, and supplies; that both he and his wife work from home; the diminished park use since the project began; and asked that the City Council mitigate this and relocate to another site.

Walter Bauwens, a La Palma resident, addressed the City Council regarding his opposition to the street takeovers and frequency in his area on Denni Street and asked the City to stop these actions.

City Manager McNamara asked those speaking to please fill out a Speaker Card with their contact information so the City can follow up regarding their concerns.

CONSENT CALENDAR

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

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City Council Meeting
January 14, 2025

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2. Approval of Council Minutes
Minutes of the December 10, 2024, Regular Meeting of the City Council.

3. Approval of Register of Demands
Adopt Resolution No. 2025-01 approving the Register of Demands for December 17, 2024, and January 7, 2025.

4. Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ending June 30, 2024
Receive and file the Annual Comprehensive Financial Report (ACFR) of the City of La Palma for the Fiscal Year ending June 30, 2024.

5. First Quarter Operating Report, Fiscal Year 2024-25
Receive and file the First Quarter Operating Report, Fiscal Year 2024-25.

6. Resolution Amending the Salary for Part-Time Employees Adopt Resolution No. 2025-02 amending salaries for certain part-time positions.

7. Award Professional Services Agreement to Willdan Financial Services to Conduct a Water & Sewer Rate Study

1. Award a professional services agreement in an amount not to exceed $43,000 to Willdan Financial Services to prepare a Water and Sewer Rate Study;

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

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

8. 2025 Legislative Platform
Adopt the City of La Palma’s 2025 State and Federal Legislative Platform.

9. Appointments to Citizen Committees

1. Reappoint Irene Hesse and appoint Janelle Frese to the Community Activities and Beautification (CAB) Committee, both with a four-year term expiring December 31, 2028; and

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2. Reappoint Rodi Alemendralo, Sergio Alvarez, Henry Lee, and Greg Sambrano and appoint Dee Vincenti to the Development and Circulation Committee (DCC), all with four-year terms expiring December 31, 2028.

Mayor Pro Tem N. Patel made a motion to approve Consent Calendar Items 1 through

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

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

PUBLIC HEARINGS
None Scheduled.

REGULAR ITEMS (1 ITEM)

10. Council Member Request - Revisit Live Video Streaming of La Palma Council Meetings
Consider Council Member Keo Conklin's request and discuss the matter.

Council Member Keo Conklin read the public comment submitted by email from a Stanton resident into the record; that she supports the comments made in the email; that the City Council should consider its senior residents; support accommodating the deaf with closed captioning; that video would help make presentations and site renderings more visible; that streaming makes the meetings accessible to everybody; that transparency and accountability is imperative; that she is trying to protect the City from any potential lawsuit; and asked the City Council to support her request to live stream the City Council meetings.

Public Input:

No members of the public wished to speak.

Council Member Keo Conklin made a motion to approve live streaming of the City Council meetings by having staff provide video as well as audio.

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Seeing there was no second on the motion, the motion failed.

11. City Council Code of Conduct Policy Discussion
Recommendation that the City Council adopt the attached resolution approving Policy 1: City Council Code of Conduct.

City Manager McNamara gave the detailed Staff Report.

Public Input:

No members of the public wished to speak.

Council Comments and Questions:

Discussion ensued regarding whether the public had a chance to review the Staff Report; that the Agenda and all staff reports in it were publicly posted online last Thursday, well in advance of the 72-hour requirement; that Council Member Keo Conklin noted her opposition to the changes in the process for City Council agenda item requests; that it now requires two Council Members to support the matter in order to get it on the Agenda; that this goes against transparency and Council Member Keo Conklin requested to delay any action on this matter until there is a further review; that she believes Council Member Baker rewrote an entire policy without getting input anyone on Council; that Mayor Pro Tem Nitesh Patel responded that this is exactly the purpose of the policy change so that not one individual can just place a matter on the agenda without support of at least one additional Council Member; he noted that the purpose is so the Council can work together and have a discussion about putting a matter on the agenda ; that this is not outside the norm and asked the City Manager about neighboring Cities protocols regarding placing an agenda item; that City Manager McNamara noted there are a substantial number of cities in Orange County that also use this same policy in order to place an item on the agenda; that Mayor Pro Tem Nitesh Patel added that this policy is to engage other Council Members to vet through an idea or proposal in order to avoid conflict of interest or moral issues; that the purpose is to do exactly what Council Member Keo Conklin is requesting - to get input and work another Council Member; that if the matter is good for the community regardless of whether Mayor Pro Tem Nitesh Patel agrees with it or likes it, he'd support it; that he added agenda items should be placed on the agenda that are good for the community and not part of a personal agenda; that this is not to punish another Council Member as has been insinuated; that he notes this forces Council Member to discuss matter; that Council Member Keo Conklin felt this policy change is punitive; that Mayor Pro Tem Nitesh Patel stated this item has been on the City Council’s Goal Setting list for years and needed to be

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addressed; that Council Member Keo Conklin felt all four other Council Members are voting down transparency by not supporting live streaming; that Mayor Waldman noted that the live streaming issue was already addressed and they have moved on in the agenda; and that Council Member Keo Conklin noted her opposition to the lack of support by the rest of the City Council and asked them why they are not supporting live streaming of the meetings.

Mayor Waldman called for a short recess at 7:50 p.m.

Mayor Waldman reconvened the City Council at 7:57 p.m.

Mayor Waldman gave the floor back to Council Member Keo Conklin who had nothing else to add.

Mayor Pro Tem Nitesh Patel made a motion to adopt Resolution No. 2025-03 approving the City Council Code of Conduct. The motion was seconded by Council Member Baker and carried on the following vote:

AYES: Council Member Baker, Mayor Pro Tem N. Patel,
Council Member V. Patel, and Mayor Waldman
NOES: Council Member Conklin
COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

COMMITTEES, AND COUNCIL REMARKS
Council Member Vikesh Patel attended the League of California Cities (Cal Cities) Mayors and Council Members Roundtable.

Council Member Baker attended Cal Cities Mayors and Council Members Roundtable; the Orange County Sanitation District (OC San) Board of Directors Meeting; the retirement celebration for outgoing Orange County Fire Authority’s (OCFA) Chief Dohman; the Orange County Mosquito and Vector Control (OCMVCD) Board of Trustees Meeting; the OCMVCD Joint Committee Meeting; the Orange County Supervisor Janet Nguyen’s Swearing In Ceremony; the Jacob Green One-on-One session in preparation for the annual City Council Goal Setting/Strategic Planning Session; the Orange County Older Adults Advisory Commission (OCOAAC) Board Meeting; the Cal Cites OC Division Board of Directors Strategic Planning Meeting; the Cal Cities City Leaders Summit Planning Meeting; the Postmark Plus Grand Opening/Ribbon Cutting Ceremony; congratulated new Citizen Committee appointees and reappointed Citizen Committee members; congratulated Employee of the Year Dani Hernandez and

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January 14, 2025

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Supervisor/Professional Employee of the year Jason Hong on their recognition; and wished everyone a happy new year.

Council Member Keo Conklin attended Orange County Supervisor Janet Nguyen’s Swearing In Ceremony; the Postmark Plus Grand Opening/Ribbon Cutting Ceremony; and wished everyone a happy new year.

Mayor Pro Tem Nitesh Patel hosted a lunch for the Staff and Administration at John F.

Kennedy High School to further good relations with the City Council and Staff; the retirement celebration for outgoing Orange County Fire Authority’s (OCFA) Chief Dohman; the Jacob Green One-on-One session in preparation for the annual City Council Goal Setting/Strategic Planning Session; the Postmark Plus Grand Opening/Ribbon Cutting Ceremony; congratulated new Citizen Committee appointees and reappointed Citizen Committee members; congratulated Employee of the Year Dani Hernandez and Supervisor/Professional Employee of the year Jason Hong on their recognition; and passed on his thoughts and prayers to all those affected by the fires and thanked first responders for their service.

Mayor Waldman attended the Jacob Green One-on-One session in preparation for the annual City Council Goal Setting/Strategic Planning Session; announced the upcoming Goal Setting/Strategic Planning Session next month.

CITY MANAGER REMARKS
City Manager McNamara had nothing to report.

CITY ATTORNEY REMARKS
City Attorney Thind had nothing to report.

ADJOURNMENT
Mayor Waldman adjourned the Regular Meeting of the City Council at 8:07 p.m. in the memory of La Palma resident Mary Casey who lost her life at the hands of a criminal who was evading the police; with remembrance for the victims of the California fires; and in memory of former President James Earl Carter.
_________________________
Mark I. Waldman
Mayor

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City Council Meeting
January 14, 2025

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ATTEST:
_________________________
Kimberly Kenney, CMC
City Clerk

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Agenda Item No. 3 February 4, 2025 | 1
City of La Palma
Agenda Item No. 3
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Register of Demands
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving the Registers of Demands for January 21, 2025, and February 4, 2025.

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 Approving Warrant Registers

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Resolution No. 2025-__

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RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA PALMA APPROVING THE REGISTERS OF DEMANDS
FOR JANUARY 21, 2025, AND FEBRUARY 4, 2025.

WHEREAS, certain financial obligations are due and payable by the City of La Palma, a General Law City, as of January 21, 2025, and February 4, 2025; 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 January 21, 2025, and February 4, 2025, 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 4th day of February, 2025.
________________________________
Mark I. Waldman
Mayor
ATTEST:
______________________________
Kimberly Kenney, CMC
City Clerk

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Resolution No. 2025-__

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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 4th day of February, 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:
________________________________
Kimberly Kenney, CMC
City Clerk

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1/16/2025 6:17:29 PM Page 1 of 15
Warrant Register
City of La Palma By Vendor Name
Post Dates 1/8/2025 - 1/21/2025
Approval
Reviewed by
Ryan Hallett - Assistant City Manager
Conal McNamara - City Manager

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 2 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01024 - ABLE BUILDING MAINTENANCE CO
NOV'24 JANITORIAL 172.23

SERVICES/CY
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…NOV'24 JANITORIAL SERVICES/ 1,138.83 NOV'24 JANITORIAL 1,827.13

SERVICES/PD
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
NOV'24 JANITORIAL 3,861.05

SERVICES/REC
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…DEC'24 JANITORIAL SERVICES/ 1,138.83 DEC'24 JANITORIAL 1,827.73

SERVICES/PD
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
DEC'24 JANITORIAL 3,861.05

SERVICES/REC
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
DEC'24 JANITORIAL 172.23

SERVICES/CY
01/21/2025 APA002099 ABLE BUILDING MAINTENANC…
Vendor 01024 - ABLE BUILDING MAINTENANCE CO Total: 13,999.08 Vendor: 05720 - ADVEXURE LLC
01/21/2025 APA002100 ADVEXURE LLC 12/18 UAS DRONES & ACCS/PD 9,139.00 Vendor 05720 - ADVEXURE LLC Total: 9,139.00
Vendor: 01064 - ALL CITY MANAGEMENT SVC INC
12/8-21 CROSSING GUARD 7,179.23
SVC/PD
01/21/2025 APA002101 ALL CITY MANAGEMENT SVC I…
Vendor 01064 - ALL CITY MANAGEMENT SVC INC Total: 7,179.23 Vendor: 03530 - AMERICAN TIRE DEPOT - BIG BRAND TIRE AND SERVICE 12/17 REPL FRNT PADS, RTRS & 868.87
BRKS/#740
01/21/2025 APA002102 AMERICAN TIRE DEPOT - BIG …
01/21/2025 APA002102 AMERICAN TIRE DEPOT - BIG … 12/24 REPL TIRE/#741 322.34 Vendor 03530 - AMERICAN TIRE DEPOT - BIG BRAND TIRE AND SERVICE Total: 1,191.21 Vendor: 05338 - ANDRES RAMIREZ
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 61.00
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 12.20
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 24.40
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 6.10
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 6.10
01/21/2025 2237 ANDRES RAMIREZ 12/19 Vision CLM 12.20
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 150.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 30.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 60.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 15.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 15.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 30.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 150.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 30.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 60.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 15.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 15.00
01/21/2025 2237 ANDRES RAMIREZ 12/30 Vision CLM 30.00
Vendor 05338 - ANDRES RAMIREZ Total: 722.00
Vendor: 01016 - AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 47.34
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 31.56
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 662.77
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 126.24
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 599.64
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 3 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount AT&T Cell Phone Bill Jan 2025 31.56
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 47.34
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
AT&T Cell Phone Bill Jan 2025 31.56
(PD/PW)
01/22/2025 DFT0009569 AT&T MOBILITY
Vendor 01016 - AT&T MOBILITY Total: 1,578.01
Vendor: 01015 - AT&T
12/13#339/3342-4813 T1/PD - 155.55
BAN 9391033966
01/21/2025 39777 AT&T
12/13#523-2193 T1/CH - BAN 367.90
9391033969
01/21/2025 39777 AT&T
12/15#690-3922 RV PARKING 38.36
PERMIT - BAN 9391033973
01/21/2025 39777 AT&T
11/20-12/19 800MHZ 1,216.40
OCSD/PD - BAN 9391064973
01/21/2025 39777 AT&T
12/25#826-6272 WTR 63.96
TELEMETRY-BAN 9391033974
01/21/2025 39777 AT&T
1/1#995-1569 WALKER ST 32.86
SYNCH - BAN 9391033976
01/21/2025 39777 AT&T
1/4#523-4309 EOC LINES/PD- 241.36
BAN 9391033970
01/21/2025 39777 AT&T
12/4#523-7351FAX/PD-BAN 31.70
9391033971
01/21/2025 39777 AT&T
Vendor 01015 - AT&T Total: 2,148.09
Vendor: 01171 - B L WALLACE DISTRIBUTOR INC
01/21/2025 APA002103 B L WALLACE DISTRIBUTOR INC 12/23 MTR BOX LIDS/WTR 135.46 Vendor 01171 - B L WALLACE DISTRIBUTOR INC Total: 135.46 Vendor: 01208 - BLUE RIBBON TROPHY CO
01/21/2025 APA002104 BLUE RIBBON TROPHY CO 2024 (2)EOY PLAQ ENGRVNG 39.98 Vendor 01208 - BLUE RIBBON TROPHY CO Total: 39.98
Vendor: 05760 - BO ANDERSON
01/21/2025 APA002105 BO ANDERSON 12933 PICKLEBALL RFD 59.00 01/21/2025 APA002105 BO ANDERSON 12933 PROCESSING FEE RFD 10.97 01/21/2025 APA002105 BO ANDERSON 12933 PICKLEBALL RFD 59.00 Vendor 05760 - BO ANDERSON Total: 128.97
Vendor: 05176 - BUREAU VERITAS NORTH AMERICA INC
NOV'24 PLAN CK SVCS 7,966.55

HOURLY/BSD
01/21/2025 APA002106 BUREAU VERITAS NORTH AM…
01/21/2025 APA002106 BUREAU VERITAS NORTH AM… NOV'24 BLDG INSP SVCS/BSD 5,605.00 01/21/2025 APA002106 BUREAU VERITAS NORTH AM… NOV'24 BLDG INSP MLGE/BSD 131.32 NOV'24 SOLAR PLAN CK 300.00

SVCS/BSD
01/21/2025 APA002106 BUREAU VERITAS NORTH AM…
01/21/2025 APA002106 BUREAU VERITAS NORTH AM… NOV'24 BLDG OFF SVCS/BSD 910.00 NOV'24 PERMIT TECH 3,465.00

SVCS/BSD
01/21/2025 APA002106 BUREAU VERITAS NORTH AM…
Vendor 05176 - BUREAU VERITAS NORTH AMERICA INC Total: 18,377.87 Vendor: 01251 - C D W GOVERNMENT INC
01/21/2025 APA002107 C D W GOVERNMENT INC (3)HP Printer&Scanner/Rec 457.56 Vendor 01251 - C D W GOVERNMENT INC Total: 457.56
Vendor: 05652 - CASC ENGINEERING AND CONSULTING INC
01/21/2025 APA002108 CASC ENGINEERING AND CON… OCT'24 CITY ENGR SVCS/FOG 718.50 01/21/2025 APA002108 CASC ENGINEERING AND CON… OCT'24 CITY ENGR SVCS/NPDES 2,675.50 01/21/2025 APA002108 CASC ENGINEERING AND CON… OCT'24 CITY ENGR SVCS/NPDES 85,581.50 01/21/2025 APA002108 CASC ENGINEERING AND CON… NOV'24 CITY ENGR SVCS/FOG 650.50 NOV'24 CITY ENGR 652.00

SVCS/NPDES
01/21/2025 APA002108 CASC ENGINEERING AND CON…
Vendor 05652 - CASC ENGINEERING AND CONSULTING INC Total: 90,278.00 Vendor: 05758 - CATHY CORKHILL
01/21/2025 APA002109 CATHY CORKHILL 12920 PROCESSING FEE RFD 6.59

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 4 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 01/21/2025 APA002109 CATHY CORKHILL 12920 TENNIS RFD 49.00 Vendor 05758 - CATHY CORKHILL Total: 55.59
Vendor: 05762 - CHERYL ROUGH
01/21/2025 APA002111 CHERYL ROUGH 12938 PICKLEBALL RFD 89.00 Vendor 05762 - CHERYL ROUGH Total: 89.00
Vendor: 05761 - CHI-FENG CHEN
01/21/2025 APA002112 CHI-FENG CHEN 12932 PICKLEBALL RFD 59.00 Vendor 05761 - CHI-FENG CHEN Total: 59.00
Vendor: 03604 - CINTAS CORPORATION
01/21/2025 APA002113 CINTAS CORPORATION 12/5 UNIFORM SHIRTS/PW 34.77 01/21/2025 APA002113 CINTAS CORPORATION 12/5 UNIFORM SHIRTS/PW 34.77 01/21/2025 APA002113 CINTAS CORPORATION 12/5 UNIFORM SHIRTS/PW 38.43 01/21/2025 APA002113 CINTAS CORPORATION 12/12 UNIFORM SVC/PW 34.77 01/21/2025 APA002113 CINTAS CORPORATION 12/12 UNIFORM SVC/PW 34.77 01/21/2025 APA002113 CINTAS CORPORATION 12/12 UNIFORM SVC/PW 38.43 Vendor 03604 - CINTAS CORPORATION Total: 215.94
Vendor: 03283 - CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK 12/16 POSTAGE/PD 43.80 4/3 POLICE EXEC & ADMIN 200.00
DISCIPL ACTION TRNG/PD (3)
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK 12/10 NOTARY TRNG/PD 914.45 01/09/2025 DFT0009550 CITY NATIONAL BANK 12/9 MTG SUPPLIES/PD 208.75 01/09/2025 DFT0009550 CITY NATIONAL BANK 12/17 RPL BATTERY/#747 353.63 01/09/2025 DFT0009550 CITY NATIONAL BANK 12/17 SUPPLIES/PD 66.98 4/3 POLICE EXEC & ADMIN 200.00
DISCIPL ACTION TRNG/PD (3)
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK 12/10 MTG SUPPLIES/PD 35.98 2/3-2/7 FIREARMS 680.83

INSTRUCTOR TRNG/PD
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK 12/10 PATROL SUPPLIES/PD 859.87 10/9 JR OFCR BADGE 771.98

DECALS/PD
01/09/2025 DFT0009550 CITY NATIONAL BANK
12/18 INCIDENT CMND 15.80

SUPPLIES/PD
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK 12/12 RANGE SUPPLIES/PD 205.07 4/3 POLICE EXEC & ADMIN 200.00
DISCIPL ACTION TRNG/PD (3)
01/09/2025 DFT0009550 CITY NATIONAL BANK
FY24/25 CPCA DUES RFD/PD -155.00
CPT
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009550 CITY NATIONAL BANK FY24/25 CPCA DUES/PD CPT 155.00 01/09/2025 DFT0009550 CITY NATIONAL BANK 12/5 SUPPLIES/PD 293.63 2/3-2/7 FIREARMS 680.83

INSTRUCTOR TRNG/PD
01/09/2025 DFT0009550 CITY NATIONAL BANK
01/09/2025 DFT0009561 CITY NATIONAL BANK 12/10 MTG SUPPLIES/GG 131.46 1/15 ACCOC NEW CCMBR 150.00

ACADEMY/CCMBR
01/09/2025 DFT0009561 CITY NATIONAL BANK
01/09/2025 DFT0009561 CITY NATIONAL BANK 12/9 MTG SUPPLIES/GG 81.99 01/09/2025 DFT0009566 CITY NATIONAL BANK 2023/24 ACFR Submission/FIN 460.00 01/09/2025 DFT0009566 CITY NATIONAL BANK 12/4 WSW II Job Ad/HR 200.00 01/09/2025 DFT0009566 CITY NATIONAL BANK 12/4 Lead Util. Op. Job Ad/HR 200.00 12/5 ACAO DEVELOP 299.00

TRNG/DCM
01/09/2025 DFT0009570 CITY NATIONAL BANK
12/24 Murf Graphic design 29.00
Subscrpt/DCM.
01/09/2025 DFT0009570 CITY NATIONAL BANK
01/09/2025 DFT0009570 CITY NATIONAL BANK FY24/25 ICMA DUES/DCM 658.00 12/11 AMAZON AP 62.75
Stylebook/DCM
01/09/2025 DFT0009570 CITY NATIONAL BANK
11/21-12/20 UAS DATA 116.89

PLAN/PD
01/09/2025 DFT0009570 CITY NATIONAL BANK
12/26 APPLE MOBILE DEVICE 62.79

MGMT PLAN/PD
01/09/2025 DFT0009570 CITY NATIONAL BANK

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1/16/2025 6:17:29 PM Page 5 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 1/15 IPAD EXCEL WTR MTR 4.99

READS APP/WTR
01/09/2025 DFT0009570 CITY NATIONAL BANK
1/15 IPAD EXCEL WTR MTR 4.99

READS APP/WTR
01/09/2025 DFT0009570 CITY NATIONAL BANK
01/09/2025 DFT0009571 CITY NATIONAL BANK 12/18 POSTAGE/PW 10.45 01/09/2025 DFT0009571 CITY NATIONAL BANK 1/1 CANVA SUBSCRIPT/CS 216.90 12/23 2025 WHENTOWORK 375.00

SUBCRPT/REC
01/09/2025 DFT0009571 CITY NATIONAL BANK
01/09/2025 DFT0009571 CITY NATIONAL BANK 12/16 OFFICE SUPPLIES/REC 32.46 01/09/2025 DFT0009571 CITY NATIONAL BANK 12/18 SUPPLIES/REC 145.02 01/09/2025 DFT0009571 CITY NATIONAL BANK 11/19 RET'D SUPPLIES/REC -34.45 01/09/2025 DFT0009571 CITY NATIONAL BANK 12/16 RET'D SUPPLIES/REC -60.71 12/16 TREE LIGHTING 34.83

SUPPLIES/CAB
01/09/2025 DFT0009571 CITY NATIONAL BANK
12/16 TREE LIGHTING 30.46

SUPPLIES/CAB
01/09/2025 DFT0009571 CITY NATIONAL BANK
01/09/2025 DFT0009571 CITY NATIONAL BANK 12/4 BATTERY/LP-58 274.36 01/09/2025 DFT0009571 CITY NATIONAL BANK 12/16 SUPPLIES/INSPOTEEN 36.00 JAN'25 KORE TELEMATICS 514.25
SVC/WW
01/09/2025 DFT0009571 CITY NATIONAL BANK
Vendor 03283 - CITY NATIONAL BANK Total: 9,768.03
Vendor: 01347 - CITY OF CERRITOS
DEL AMO BRIDGE REPL 63,999.35
DESIGN/ST-360
01/21/2025 39778 CITY OF CERRITOS
Vendor 01347 - CITY OF CERRITOS Total: 63,999.35
Vendor: 01356 - CITY OF LA PALMA FLEXIBLE
Flexible Spending 171.15
Contributions - Medical
01/09/2025 39772 CITY OF LA PALMA FLEXIBLE
Vendor 01356 - CITY OF LA PALMA FLEXIBLE Total: 171.15
Vendor: 01368 - CIVICPLUS
01/21/2025 APA002114 CIVICPLUS FY25/26 CivicClerk Fee/GG 16,903.95 DEC'24 CC MTG CLOSED 28.97

CAPTIONING/ADM
01/21/2025 APA002114 CIVICPLUS
Vendor 01368 - CIVICPLUS Total: 16,932.92
Vendor: 01395 - COUNTY OF ORANGE
01/21/2025 39787 COUNTY OF ORANGE DEC'24 AFIS FEE/PD 458.00 DEC'24 OCATS/CLETS PHONE 1,104.51
SVC/PD
01/21/2025 39787 COUNTY OF ORANGE
Vendor 01395 - COUNTY OF ORANGE Total: 1,562.51
Vendor: 04388 - CROSSTOWN ELECTRICAL & DATA INC
01/21/2025 APA002115 CROSSTOWN ELECTRICAL & D… DEC'24 SIGNAL MAINT/PW 1,260.00 Vendor 04388 - CROSSTOWN ELECTRICAL & DATA INC Total: 1,260.00 Vendor: 03383 - CUSTOM INTERIORS BY SONNY'S INC
12/10 DRIVER SEAT 480.00
REUPHOLSTERY/LP-51
01/21/2025 APA002116 CUSTOM INTERIORS BY SONNY…
12/10 DRIVER SEAT 480.00
REUPHOLSTERY/LP-52
01/21/2025 APA002116 CUSTOM INTERIORS BY SONNY…
01/21/2025 APA002116 CUSTOM INTERIORS BY SONNY…12/19 (5)RECOVER CHAIRS/CH 3,000.00 Vendor 03383 - CUSTOM INTERIORS BY SONNY'S INC Total: 3,960.00 Vendor: 02815 - DANITA HERNANDEZ
SUMMER'24 TUITION 875.00

REIMBURSEMENT/PD
01/21/2025 2236 DANITA HERNANDEZ
SUMMER'24 TEXT 63.37

REIMBURSEMENT/PD
01/21/2025 2236 DANITA HERNANDEZ
Vendor 02815 - DANITA HERNANDEZ Total: 938.37
Vendor: 04387 - DOG WASTE DEPOT
12/30 (4)CASES DOG WASTE 85.87

BAGS/PW
01/21/2025 APA002117 DOG WASTE DEPOT
Vendor 04387 - DOG WASTE DEPOT Total: 85.87

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1/16/2025 6:17:29 PM Page 6 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05755 - ERIC CHOI
01/21/2025 APA002118 ERIC CHOI 12/21 PAVILION DEPOSIT RFD 200.00 Vendor 05755 - ERIC CHOI Total: 200.00
Vendor: 01611 - FEDERAL EXPRESS CORPORATION
01/21/2025 APA002119 FEDERAL EXPRESS CORPORAT… 12/18 PRIORITY MAIL/PD 12.41 Vendor 01611 - FEDERAL EXPRESS CORPORATION Total: 12.41 Vendor: 01612 - FEDEX OFFICE
01/21/2025 APA002120 FEDEX OFFICE 12/5 PRIORITY MAIL/PD 9.75 Vendor 01612 - FEDEX OFFICE Total: 9.75
Vendor: 05071 - FLEETCOR TECHNOLOGIES INC - ARCO
01/17/2025 DFT0009554 FLEETCOR TECHNOLOGIES INC…1/3 GASOLINE/PD 138.28 01/17/2025 DFT0009554 FLEETCOR TECHNOLOGIES INC…1/3 GASOLINE/PW 106.30 01/17/2025 DFT0009554 FLEETCOR TECHNOLOGIES INC…1/3 GASOLINE/REC 123.98 01/17/2025 DFT0009554 FLEETCOR TECHNOLOGIES INC…1/3 GASOLINE/WTR 574.91 Vendor 05071 - FLEETCOR TECHNOLOGIES INC - ARCO Total: 943.47 Vendor: 01631 - FRANCHISE TAX BOARD
01/09/2025 DFT0009546 FRANCHISE TAX BOARD State Tax Withholding 11,108.24 Vendor 01631 - FRANCHISE TAX BOARD Total: 11,108.24
Vendor: 04276 - G M T
12/6 NEW 390.00

PHONES&COMPUTER

DROPS/CY
01/21/2025 APA002121 G M T
Vendor 04276 - G M T Total: 390.00
Vendor: 05601 - GABRIELA FUNES
01/21/2025 2234 GABRIELA FUNES 1/11 VISION CLM 214.99
Vendor 05601 - GABRIELA FUNES Total: 214.99
Vendor: 01649 - GALLS - QUARTERMASTER
01/21/2025 APA002122 GALLS - QUARTERMASTER 1/3 VEST CARRIER ACCS/PD 783.61 Vendor 01649 - GALLS - QUARTERMASTER Total: 783.61
Vendor: 04004 - GARY WILSON
12/9-11 TEAM MGMT 122.88

TRNG/PD
01/21/2025 2239 GARY WILSON
Vendor 04004 - GARY WILSON Total: 122.88
Vendor: 01679 - GOVERNMENTAL FINANCIAL SVCS
01/21/2025 2235 GOVERNMENTAL FINANCIAL … FY25 ACCOUNTING SVCS/ADM 4,514.81 01/21/2025 2235 GOVERNMENTAL FINANCIAL … FY25 ACCOUNTING SVCS/ADM 2,873.06 01/21/2025 2235 GOVERNMENTAL FINANCIAL … FY25 ACCOUNTING SVCS/FIN 2,846.25 01/21/2025 2235 GOVERNMENTAL FINANCIAL … FY25 ACCOUNTING SVCS/ADM 820.88 Vendor 01679 - GOVERNMENTAL FINANCIAL SVCS Total: 11,055.00 Vendor: 05303 - HEALTH AND HUMAN RESOURCES CENTER INC
01/21/2025 APA002123 HEALTH AND HUMAN RESOU… FEB'25 EAP 129.60 Vendor 05303 - HEALTH AND HUMAN RESOURCES CENTER INC Total: 129.60 Vendor: 01727 - HINDERLITER DE LLAMAS & ASSOC
Q2 OCT-DEC'24 TRANS & USE 300.00

TAX SVCS
01/21/2025 APA002124 HINDERLITER DE LLAMAS & A…
Vendor 01727 - HINDERLITER DE LLAMAS & ASSOC Total: 300.00 Vendor: 02642 - HOME DEPOT
01/21/2025 APA002125 HOME DEPOT 1/8 TOOLS/REC 6.43
01/21/2025 APA002125 HOME DEPOT 12/17 SUPPLIES/PD 27.45 01/21/2025 APA002125 HOME DEPOT 12/5 VEH SUPPLIES/LP-61 139.00 01/21/2025 APA002125 HOME DEPOT 12/23 PATROL SUPPLIES/PD 34.39 Vendor 02642 - HOME DEPOT Total: 207.27
Vendor: 05649 - INFINITY TECHNOLOGIES
01/21/2025 APA002126 INFINITY TECHNOLOGIES DEC'24 IT SVCS 13,083.00 01/21/2025 APA002126 INFINITY TECHNOLOGIES DEC'24 SENTINEL ONE 595.00 01/21/2025 APA002126 INFINITY TECHNOLOGIES DEC'24 DUO 99.00

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1/16/2025 6:17:29 PM Page 7 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 01/21/2025 APA002126 INFINITY TECHNOLOGIES DEC'24 SPECIAL PROJ 1,865.00 Vendor 05649 - INFINITY TECHNOLOGIES Total: 15,642.00
Vendor: 03521 - INFRASTRUCTURE ENGINEERS A BOWMAN COMPANY AUG'24 CITY ENGINEER 4,988.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
AUG'24 CITY ENGINEER 1,995.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
AUG'24 CITY ENGINEER 1,995.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
AUG'24 CITY ENGINEER 997.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… JUL'24 CITY ENGINEER SVC/PW 4,725.00 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… JUL'24 CITY ENGINEER SVC/PW 1,890.00 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… JUL'24 CITY ENGINEER SVC/PW 1,890.00 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… JUL'24 CITY ENGINEER SVC/PW 945.00 OCT'24 CITY ENGINEER 1,725.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
OCT'24 CITY ENGINEER 690.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
OCT'24 CITY ENGINEER 690.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
OCT'24 CITY ENGINEER 345.00
SVC/PW
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS…
01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… SEP24 CITY ENGINEER SVC/PW 3,755.32 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… SEP24 CITY ENGINEER SVC/PW 1,502.31 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… SEP24 CITY ENGINEER SVC/PW 1,502.31 01/21/2025 APA002127 INFRASTRUCTURE ENGINEERS… SEP24 CITY ENGINEER SVC/PW 751.31 Vendor 03521 - INFRASTRUCTURE ENGINEERS A BOWMAN COMPANY Total: 30,386.25 Vendor: 01764 - INTERNAL REVENUE SERVICE
01/09/2025 DFT0009527 INTERNAL REVENUE SERVICE Medicare 3.44 01/09/2025 DFT0009545 INTERNAL REVENUE SERVICE Federal Tax Withholding 24,377.91 01/09/2025 DFT0009547 INTERNAL REVENUE SERVICE Medicare 6,579.10 Vendor 01764 - INTERNAL REVENUE SERVICE Total: 30,960.45 Vendor: 01775 - IRON MOUNTAIN
01/21/2025 APA002128 IRON MOUNTAIN JAN'25 RECORDS STORAGE 333.61 Vendor 01775 - IRON MOUNTAIN Total: 333.61
Vendor: 05663 - JENNIFER JADWIN
01/21/2025 APA002129 JENNIFER JADWIN 12923 TENNIS RFD 79.00 Vendor 05663 - JENNIFER JADWIN Total: 79.00
Vendor: 01801 - JHM SUPPLY INC
12/16 IRRIGATION 548.96

SUPPLIES/EROW&BARBI
01/21/2025 APA002130 JHM SUPPLY INC
Vendor 01801 - JHM SUPPLY INC Total: 548.96
Vendor: 05756 - JILL JOBRAN
01/21/2025 APA002131 JILL JOBRAN 12920&3 PROCESSING FEE RFD 8.88 01/21/2025 APA002131 JILL JOBRAN 12920 TENNIS RFD 49.00 01/21/2025 APA002131 JILL JOBRAN 12923 TENNIS RFD 59.00 Vendor 05756 - JILL JOBRAN Total: 116.88
Vendor: 03684 - JUSTIN BRAASCH
WINTER '24 TUITION 225.00

REIMBURSEMENT/PD
01/21/2025 2233 JUSTIN BRAASCH
FALL '24 TUITION 225.00

REIMBURSEMENT/PD
01/21/2025 2233 JUSTIN BRAASCH
Vendor 03684 - JUSTIN BRAASCH Total: 450.00
Vendor: 01959 - KONICA MINOLTA PREMIER
10/15-11/14 COPIER RNTL 29.93

LATE FEE/CH,PD,REC
01/09/2025 DFT0009548 KONICA MINOLTA PREMIER

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Payment Date Payment Number Vendor Name Description (Item) Amount 12/15-1/14 COPIER 631.83

RENTAL/CH,PD,REC
01/08/2025 DFT0009549 KONICA MINOLTA PREMIER
Vendor 01959 - KONICA MINOLTA PREMIER Total: 661.76
Vendor: 05694 - L N CURTIS & SONS
01/21/2025 APA002132 L N CURTIS & SONS 12/23 UNIFORM/PD PSA 191.95 01/21/2025 APA002132 L N CURTIS & SONS 1/7 UNIFORM/PD 404.16 Vendor 05694 - L N CURTIS & SONS Total: 596.11
Vendor: 01975 - L P G E A
01/09/2025 39771 L P G E A LPGEA Dues Withheld 180.00
Vendor 01975 - L P G E A Total: 180.00
Vendor: 01988 - LA PALMA POLICE ASSN
01/09/2025 39773 LA PALMA POLICE ASSN LPPA Dues Withheld 1,252.20 Vendor 01988 - LA PALMA POLICE ASSN Total: 1,252.20
Vendor: 02003 - LEAGUE OF CA CITIES
01/21/2025 APA002133 LEAGUE OF CA CITIES 2025 LEAGUE DUES 7,997.00 Vendor 02003 - LEAGUE OF CA CITIES Total: 7,997.00
Vendor: 05748 - LEGACY TERMITE CONTROL INC
12/31 TERMITE FUMIGATION 10,000.00

TREATMENT/CC
01/21/2025 APA002134 LEGACY TERMITE CONTROL INC
Vendor 05748 - LEGACY TERMITE CONTROL INC Total: 10,000.00 Vendor: 02039 - LIZ PARKER
01/21/2025 APA002143 LIZ PARKER Spring '25 Brochure/Rec 6,020.00 Vendor 02039 - LIZ PARKER Total: 6,020.00
Vendor: 01976 - LPPEA
01/09/2025 39774 LPPEA LPPEA Dues Withheld 75.00
Vendor 01976 - LPPEA Total: 75.00
Vendor: 05166 - MAKAM MEDICAL CORPORATION
01/21/2025 APA002135 MAKAM MEDICAL CORPORAT… JAN'25 EMPL PHYS/(3)PD 600.00 Vendor 05166 - MAKAM MEDICAL CORPORATION Total: 600.00
Vendor: 03036 - MAR-CO EQUIPMENT
11/27 REPL BLEEDER DOOR/LP- 1,544.02
20 01/21/2025 APA002136 MAR-CO EQUIPMENT
Vendor 03036 - MAR-CO EQUIPMENT Total: 1,544.02
Vendor: 01752 - MISSION SQUARE - PLAN 302549
01/09/2025 APA002097 MISSION SQUARE - PLAN 302… Deferred Comp 1,192.30 01/09/2025 APA002097 MISSION SQUARE - PLAN 302… Deferred Comp 2,294.23 01/09/2025 APA002097 MISSION SQUARE - PLAN 302… Deferred Comp 2,334.11 Vendor 01752 - MISSION SQUARE - PLAN 302549 Total: 5,820.64 Vendor: 02201 - MUNICIPAL WATER DISTRICT OF
FY24/25 RETAIL SVC 64,487.00

CONN/WTR
01/21/2025 39785 MUNICIPAL WATER DISTRICT …
Vendor 02201 - MUNICIPAL WATER DISTRICT OF Total: 64,487.00 Vendor: 02203 - MYERS STEVENS & TOOHEY &CO INC
01/21/2025 APA002138 MYERS STEVENS & TOOHEY &… JAN'25 LTD/PD 689.70 01/21/2025 APA002138 MYERS STEVENS & TOOHEY &… FEB'25 LTD/PD 689.70 Vendor 02203 - MYERS STEVENS & TOOHEY &CO INC Total: 1,379.40 Vendor: 02219 - NATIONAL READY MIXED CONCRETE SALES LLC 12/10 LEAK RPR 1,107.13
SUPPLIES/8041 AINSWORTH
01/21/2025 APA002139 NATIONAL READY MIXED CON…
Vendor 02219 - NATIONAL READY MIXED CONCRETE SALES LLC Total: 1,107.13 Vendor: 02227 - NEWS ENTERPRISE
01/21/2025 APA002140 NEWS ENTERPRISE 12/18 LEGAL AD/MADDY ACT 250.00 Vendor 02227 - NEWS ENTERPRISE Total: 250.00

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 9 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02258 - O C CHIEFS OF POLICE AND SHERIFFS ASSN
4/8-11 TRI-COUNTY SPRING 200.00

CONF/PD CHIEF
01/21/2025 39786 O C CHIEFS OF POLICE AND SH…
Vendor 02258 - O C CHIEFS OF POLICE AND SHERIFFS ASSN Total: 200.00 Vendor: 02248 - OCCUPATIONAL HEALTH CENTERS OF CA
01/21/2025 APA002141 OCCUPATIONAL HEALTH CEN… 11/19 EMPL PHYS/(1)PD VOL 170.00 01/21/2025 APA002141 OCCUPATIONAL HEALTH CEN… 12/3 EMPL PHYS/(1)PD VOL 170.00 01/21/2025 APA002141 OCCUPATIONAL HEALTH CEN… 12/26-30 EMPL PHYS/(2)PD-FT 1,316.00 Vendor 02248 - OCCUPATIONAL HEALTH CENTERS OF CA Total: 1,656.00 Vendor: 02290 - PACIFIC TELEMANAGEMENT SVCS
01/21/2025 APA002142 PACIFIC TELEMANAGEMENT S… 1/1#739-9864 PAYPHONE/PD 78.00 Vendor 02290 - PACIFIC TELEMANAGEMENT SVCS Total: 78.00 Vendor: 02277 - PARS
01/21/2025 APA002144 PARS NOV'24 PARS ADM SVCS 405.43
Vendor 02277 - PARS Total: 405.43
Vendor: 02279 - PERS RETIREMENT
CalPERS Employee 8.23
Contribution
01/09/2025 DFT0009524 PERS RETIREMENT
01/09/2025 DFT0009525 PERS RETIREMENT CalPERS Employer Contribution 8.36 CalPERS Employee 1,948.07
Contribution
01/09/2025 DFT0009532 PERS RETIREMENT
01/09/2025 DFT0009533 PERS RETIREMENT CalPERS Employer Contribution 3,901.00 CalPERS Employee 1,477.30
Contribution
01/09/2025 DFT0009534 PERS RETIREMENT
01/09/2025 DFT0009535 PERS RETIREMENT CalPERS Employer Contribution 2,142.08 CalPERS Employee 3,528.39
Contribution
01/09/2025 DFT0009536 PERS RETIREMENT
01/09/2025 DFT0009537 PERS RETIREMENT CalPERS Employer Contribution 3,583.01 CalPERS Employee 1,791.63
Contribution
01/09/2025 DFT0009538 PERS RETIREMENT
01/09/2025 DFT0009539 PERS RETIREMENT CalPERS Employer Contribution 5,832.75 CalPERS Employee 416.83
Contribution
01/09/2025 DFT0009540 PERS RETIREMENT
01/09/2025 DFT0009541 PERS RETIREMENT CalPERS Employer Contribution 1,077.20 CalPERS Employee 7,957.63
Contribution
01/09/2025 DFT0009542 PERS RETIREMENT
01/09/2025 DFT0009543 PERS RETIREMENT CalPERS Employer Contribution 7,937.33 Employee Survivor 43.71
Contribution Amount
01/09/2025 DFT0009544 PERS RETIREMENT
Vendor 02279 - PERS RETIREMENT Total: 41,653.52
Vendor: 05193 - PREMIER FIRST RESPONDER PSYCHOLOGICAL SERVICE 01/21/2025 APA002145 PREMIER FIRST RESPONDER P… 12/23 Therapy/(1)PD 150.00 Vendor 05193 - PREMIER FIRST RESPONDER PSYCHOLOGICAL SERVICE Total: 150.00 Vendor: 02344 - PROFESSIONAL SERVICE INDUSTR
01/21/2025 APA002146 PROFESSIONAL SERVICE INDU… 11/30 MOLD EVAL/CC 2,160.00 Vendor 02344 - PROFESSIONAL SERVICE INDUSTR Total: 2,160.00 Vendor: 02346 - PSYCHOLOGICAL CONSULTING
12/5, 12/10 & 12/12 PRE-EMPL 1,386.00
PSYCH EXAM/(3)PD
01/21/2025 APA002147 PSYCHOLOGICAL CONSULTING
Vendor 02346 - PSYCHOLOGICAL CONSULTING Total: 1,386.00 Vendor: 04371 - QUADIENT LEASING USA INC
FEB-APR'25 POSTAGE 1,025.25

MACHINE RNTL
01/21/2025 APA002148 QUADIENT LEASING USA INC
Vendor 04371 - QUADIENT LEASING USA INC Total: 1,025.25 Vendor: 05137 - READWRITE EDUCATIONAL SOLUTIONS INC.
12/2-12/18 READING 115.70

DEVELOPMENT
01/21/2025 APA002149 READWRITE EDUCATIONAL SO…
12/2-12/18 READING 115.70

DEVELOPMENT
01/21/2025 APA002149 READWRITE EDUCATIONAL SO…

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 10 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 12/2-12/18 MATH 173.55

DEVELOPMENT
01/21/2025 APA002149 READWRITE EDUCATIONAL SO…
Vendor 05137 - READWRITE EDUCATIONAL SOLUTIONS INC. Total: 404.95 Vendor: 05671 - RICHARD MIEIR
01/21/2025 APA002137 RICHARD MIEIR 12/5-12/19 TAI CHI 64.35 Vendor 05671 - RICHARD MIEIR Total: 64.35
Vendor: 02455 - S E S A C
2025 MUSIC 610.00

LICENSE/CONCERTS
01/21/2025 APA002150 S E S A C
Vendor 02455 - S E S A C Total: 610.00
Vendor: 05759 - SAM COPPOCK
01/21/2025 APA002151 SAM COPPOCK 12932 PICKLEBALL RFD 59.00 Vendor 05759 - SAM COPPOCK Total: 59.00
Vendor: 02876 - SHRED-IT
01/21/2025 APA002152 SHRED-IT 12/3 SHREDDING SVC/CH 90.81 Vendor 02876 - SHRED-IT Total: 90.81
Vendor: 02535 - SMART & FINAL
01/21/2025 APA002153 SMART & FINAL 1/3 KITCHEN SUPPLIES/PD 112.28 01/21/2025 APA002153 SMART & FINAL 1/6 EMPL RECOG SUPPLIES/PD 111.90 Vendor 02535 - SMART & FINAL Total: 224.18
Vendor: 04797 - SMART CIENEGA LLC
01/21/2025 APA002154 SMART CIENEGA LLC JAN'25 CAM & INS/5414 LP 508.00 Vendor 04797 - SMART CIENEGA LLC Total: 508.00
Vendor: 02640 - SO CAL GAS COMPANY
01/09/2025 DFT0009562 SO CAL GAS COMPANY 1/8 7821 WALKER/REAR GEN 25.49 01/09/2025 DFT0009562 SO CAL GAS COMPANY 1/8 8441 MOODY/CY 46.05 01/09/2025 DFT0009562 SO CAL GAS COMPANY 1/6 7821 WALKER/CC&CP 459.42 01/09/2025 DFT0009562 SO CAL GAS COMPANY 1/8 7792 WALIKER/PD 1,304.54 01/09/2025 DFT0009562 SO CAL GAS COMPANY 1/7 6800 WALKER/WW 50.00 1/6 8415 15.29

MEADOWLARK/BOOSTER
01/09/2025 DFT0009562 SO CAL GAS COMPANY
Vendor 02640 - SO CAL GAS COMPANY Total: 1,900.79
Vendor: 02556 - SOUTHERN CALIFORNIA EDISON
01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS… 1/2 LS-2/8172 MOODY 35.92 01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS… 1/2 LS-1/ALL NIGHT 13,909.56 1/2 LS-1/ALL NIGHT ADD'L 49.43
LAMPS
01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS…
01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS… 1/2 WALKER/91FWY LAMPS 125.87 01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS… 1/2 LS-2/METERED 440.06 01/08/2025 DFT0009563 SOUTHERN CALIFORNIA EDIS… 1/2 LS-2 8231-1/2 WALKER 17.95 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 7792 WALKER/PD 5,556.62 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 LAURELWOOD/SCE LAMPS 35.68 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 7821 WALKER/CC&CP 2,793.34 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 6750 WALKER SPRINKLER 15.66 1/2 7872-1/2 DENNI 15.85

SPRINKLER
01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS…
01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 LP/COMSTOCK SPRINKLER 16.50 1/2 7711 MDY/ORGTHRPE 45.56

SPRNKLR
01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS…
01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 7711 FURMAN RD POLE 117.63 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 BYRNE/WALKER LAMPS 112.25 01/08/2025 DFT0009564 SOUTHERN CALIFORNIA EDIS… 1/2 6800 WALKER/PUMP 8,371.20 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 5002 HOUSTON 93.28 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 LP/MOODY SIGNAL 92.82 1/7 E/S VV/ORANGETHORPE 100.87
SGNL
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS…
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 5498 LA PALMA TC1 107.34 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 LP/DENNI SIGNAL 99.61

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 11 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 1/7 S/S ORANGETHORPE/VV 85.10
SIGNAL
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS…
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 LP/REDFORD SIGNAL 79.26 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 5001 CRESCENT SIGNAL 100.78 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 MOODY/LA LUNA SIGNAL 30.81 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 LP/WALKER SIGNAL 51.64 1/7 7701 WALKER/HOSPITAL 100.31
SIGNAL
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS…
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 7903 WALKER/REC SIGNAL 64.73 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 8231-1/2 WALKER 65.20 1/7 8171 WALKER/LA LUNA 75.51
SIGNAL
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS…
01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 MOODY/SHARON SIGNAL 80.88 01/09/2025 DFT0009565 SOUTHERN CALIFORNIA EDIS… 1/7 WALKER/183RD SIGNAL 71.77 Vendor 02556 - SOUTHERN CALIFORNIA EDISON Total: 32,958.99 Vendor: 02703 - SPOK
01/21/2025 APA002155 SPOK OCT'24 PAGER SVC/MAINT 26.69
01/21/2025 APA002155 SPOK OCT'24 PAGER SVC/WTR 26.68
01/21/2025 APA002155 SPOK NOV'24 PAGER SVC/MAINT 26.69
01/21/2025 APA002155 SPOK NOV'24 PAGER SVC/WTR 26.68
01/21/2025 APA002155 SPOK DEC'24 PAGER SVC/MAINT 26.69
01/21/2025 APA002155 SPOK DEC'24 PAGER SVC/WTR 26.68
01/21/2025 APA002155 SPOK JAN'25 PAGER SVC/WTR 26.69
01/21/2025 APA002155 SPOK JAN'25 PAGER SVC/WTR 26.69
Vendor 02703 - SPOK Total: 213.49
Vendor: 02568 - STAPLES BUSINESS ADVANTAGE
01/21/2025 APA002157 STAPLES BUSINESS ADVANTA… 12/14 OFFICE SUPPLIES/PD 48.48 01/21/2025 APA002157 STAPLES BUSINESS ADVANTA… 12/17 OFFICE SUPPLIES/CD 294.41 01/21/2025 APA002157 STAPLES BUSINESS ADVANTA… 12/18 OFFICE SUPPLIES/REC 48.94 Vendor 02568 - STAPLES BUSINESS ADVANTAGE Total: 391.83 Vendor: 02576 - STEP SAVER INC
12/23 WTR TREATMENT 125.32

SUPPLIES/CY
01/21/2025 APA002158 STEP SAVER INC
12/23 WTR TREATMENT 144.43

SUPPLIES/WW
01/21/2025 APA002158 STEP SAVER INC
Vendor 02576 - STEP SAVER INC Total: 269.75
Vendor: 01620 - STEVE A. FILARSKY ATTORNEY AT LAW
01/21/2025 APA002159 STEVE A. FILARSKY ATTORNEY… 12/3-12/19 LABOR ATTY SVCS 540.00 Vendor 01620 - STEVE A. FILARSKY ATTORNEY AT LAW Total: 540.00 Vendor: 02590 - SUN BADGE COMPANY
01/21/2025 APA002160 SUN BADGE COMPANY RPR BADGE/PD 332.90 Vendor 02590 - SUN BADGE COMPANY Total: 332.90
Vendor: 02654 - THE STANDARD
Nov'24 LTD INS PREM/MISC 890.61
EMPL
01/21/2025 APA002156 THE STANDARD
Nov'24 LIFE INS PREM/ALL 743.35
EMPL
01/21/2025 APA002156 THE STANDARD
Vendor 02654 - THE STANDARD Total: 1,633.96
Vendor: 02655 - THE WORKSHOP
01/21/2025 APA002166 THE WORKSHOP (500)BUSINESS CARDS/CCMBR 90.56 (1000)ANNIVERSARY 1,266.21

CARDS/CM
01/21/2025 APA002166 THE WORKSHOP
Vendor 02655 - THE WORKSHOP Total: 1,356.77
Vendor: 03043 - TRACEE CHENG
01/21/2025 APA002110 TRACEE CHENG 12929 TENNIS RFD 59.00 01/21/2025 APA002110 TRACEE CHENG 12923&9 PROCESSING FEE RFD 16.74 01/21/2025 APA002110 TRACEE CHENG 12923 TENNIS RFD 59.00

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Warrant Register Post Dates: 1/8/2025 - 1/21/2025
1/16/2025 6:17:29 PM Page 12 of 15
Payment Date Payment Number Vendor Name Description (Item) Amount 01/21/2025 APA002110 TRACEE CHENG 12929 TENNIS RFD 59.00 Vendor 03043 - TRACEE CHENG Total: 193.74
Vendor: 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION PARS Part Time Retirement 432.14
Contributions
01/09/2025 APA002098 U S BANK INSTITUTIONAL TRU…
Vendor 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION Total: 432.14 Vendor: 04984 - ULINE INC
01/21/2025 APA002161 ULINE INC 12/17 (25) FOAMBOARD/FON 592.95 Vendor 04984 - ULINE INC Total: 592.95
Vendor: 02712 - UNDERGROUND SERVICE ALERT
01/21/2025 APA002162 UNDERGROUND SERVICE ALE… (96)DIG-ALERT NOTICES/PW 93.80 01/21/2025 APA002162 UNDERGROUND SERVICE ALE… (96)DIG-ALERT NOTICES/PW 93.80 Vendor 02712 - UNDERGROUND SERVICE ALERT Total: 187.60
Vendor: 05555 - UNISPEC CONSTRUCTION INC.
01/21/2025 2238 UNISPEC CONSTRUCTION INC. LESS 5% RETENTION/ST-371 -20,774.24 01/21/2025 2238 UNISPEC CONSTRUCTION INC. MEDIAN ISLANDS PROJ/ST-371 415,484.94 Vendor 05555 - UNISPEC CONSTRUCTION INC. Total: 394,710.70 Vendor: 02742 - VERIZON WIRELESS
12/11-1/10 DATA ACCESS/ENG 45.01
TECH
01/21/2025 39789 VERIZON WIRELESS
01/21/2025 39789 VERIZON WIRELESS 12/16 CELL PHONES/REC 29.96 01/21/2025 39789 VERIZON WIRELESS 12/16 CELL PHONES/REC 150.14 01/21/2025 39789 VERIZON WIRELESS 12/17-1/16 DATA ACCESS/WTR 140.14 12/17-1/16 SEDARU DATA 46.20

PLAN/WTR
01/21/2025 39789 VERIZON WIRELESS
Vendor 02742 - VERIZON WIRELESS Total: 411.45
Vendor: 04196 - WECK LABORATORIES INC
01/21/2025 APA002163 WECK LABORATORIES INC 12/16 WATER SAMPLES/CY 200.00 01/21/2025 APA002163 WECK LABORATORIES INC 11/18 WATER SAMPLES/CY 200.00 01/21/2025 APA002163 WECK LABORATORIES INC 12/2 WATER SAMPLES/CY 200.00 Vendor 04196 - WECK LABORATORIES INC Total: 600.00
Vendor: 02763 - WEST COAST ARBORISTS INC
12/2 TREE PRUNING/WALKER 1,208.30
ST
01/21/2025 APA002164 WEST COAST ARBORISTS INC
Vendor 02763 - WEST COAST ARBORISTS INC Total: 1,208.30 Vendor: 03987 - WEX HEALTH INC
01/21/2025 APA002165 WEX HEALTH INC Dec'24 Flex Adm Svc 50.00 Vendor 03987 - WEX HEALTH INC Total: 50.00
Vendor: 02788 - WRIGHT EXPRESS
01/08/2025 DFT0009567 WRIGHT EXPRESS 12/31 GASOLINE/PD 4,093.98 01/08/2025 DFT0009567 WRIGHT EXPRESS 12/31 GASOLINE/PW 222.51 01/08/2025 DFT0009567 WRIGHT EXPRESS 12/31 GASOLINE/WTR 498.45 Vendor 02788 - WRIGHT EXPRESS Total: 4,814.94
Vendor: 03238 - YARDLEY ORGILL COMPANY
01/21/2025 APA002167 YARDLEY ORGILL COMPANY 12/20 SUPPLIES/WTR 2,220.02 Vendor 03238 - YARDLEY ORGILL COMPANY Total: 2,220.02
Grand Total: 946,132.63

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1/30/2025 6:58:49 PM Page 1 of 13
Warrant Register
City of La Palma By Vendor Name
Post Dates 1/22/2025 - 2/4/2025
Approval
Reviewed by
Ryan Hallett Hinton - Administrative Services Director
Conal McNamara - City Manager

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Warrant Register Post Dates: 1/22/2025 - 2/4/2025
1/30/2025 6:58:49 PM Page 2 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01004 - A C S BILLING SERVICE
9/30 PROGRAMMING 95.00

SVCS/WTR
02/04/2025 APA002170 A C S BILLING SERVICE
Vendor 01004 - A C S BILLING SERVICE Total: 95.00
Vendor: 01042 - AETNA US HEALTHCARE
02/04/2025 APA002171 AETNA US HEALTHCARE Feb '25 DENTAL PREMIUM 4,411.50 Vendor 01042 - AETNA US HEALTHCARE Total: 4,411.50
Vendor: 01047 - AFLAC
02/04/2025 APA002172 AFLAC Jan '25 Aflac Ins Prem W/H 133.44 02/04/2025 APA002172 AFLAC Jan '25 Aflac/PD 384.88
Vendor 01047 - AFLAC Total: 518.32
Vendor: 03354 - AIRWAVE COMMUNICATIONS ENTERPRISES
1/16 VEHICLE 11,910.26
OUTFITTING/#756
02/04/2025 APA002173 AIRWAVE COMMUNICATIONS…
Vendor 03354 - AIRWAVE COMMUNICATIONS ENTERPRISES Total: 11,910.26 Vendor: 01009 - AKAL CONSULTANTS
1/14 STREET MEDIAN PROJ/ST- 4,600.00
371
02/04/2025 APA002174 AKAL CONSULTANTS
Vendor 01009 - AKAL CONSULTANTS Total: 4,600.00
Vendor: 04248 - ALL PRO JETTING & PLUMBING
12/10 SWR LINE CLEAN/5410 1,070.00
LP
02/04/2025 APA002175 ALL PRO JETTING & PLUMBING
02/04/2025 APA002175 ALL PRO JETTING & PLUMBING 12/19 SWR LINE CLEAN/PD&FD 675.00 02/04/2025 APA002175 ALL PRO JETTING & PLUMBING 12/19 SWR LINE CLEAN/CH 675.00 02/04/2025 APA002175 ALL PRO JETTING & PLUMBING 12/21 SWR LINE CLEAN/CP 1,250.00 Vendor 04248 - ALL PRO JETTING & PLUMBING Total: 3,670.00 Vendor: 03530 - AMERICAN TIRE DEPOT - BIG BRAND TIRE AND SERVICE 1/14 PADS&RTRS, DISC 1,123.14
BRKS/#752
02/04/2025 APA002176 AMERICAN TIRE DEPOT - BIG …
1/15 FRNT PADS&RTRS, DISC 592.17
BRKS/#739
02/04/2025 APA002176 AMERICAN TIRE DEPOT - BIG …
1/15 FRNT PADS&RTRS, DISC 1,184.34
BRKS/#744
02/04/2025 APA002176 AMERICAN TIRE DEPOT - BIG …
Vendor 03530 - AMERICAN TIRE DEPOT - BIG BRAND TIRE AND SERVICE Total: 2,899.65 Vendor: 05763 - ARIANNA LARES
02/04/2025 APA002177 ARIANNA LARES 1/11 COMM CTR DEPOSIT RFD 300.00 Vendor 05763 - ARIANNA LARES Total: 300.00
Vendor: 01014 - AT&T
1/14 Verint Audio Log 49,457.76
Recorder/PD
02/04/2025 39795 AT&T
Vendor 01014 - AT&T Total: 49,457.76
Vendor: 01015 - AT&T
1/25#826-6272 WTR 62.08
TELEMETRY-BAN 9391033974
02/04/2025 39794 AT&T
1/13#339/3342-4813 T1/PD - 155.55
BAN 9391033966
02/04/2025 39794 AT&T
1/13#523-2193 T1/CH - BAN 356.57
9391033969
02/04/2025 39794 AT&T
1/15#690-3922 RV Parking 37.23
Permit - BAN 9391033973
02/04/2025 39794 AT&T
12/20-1/19 800MHZ OCSD/PD 1,216.40
- BAN 9391064973
02/04/2025 39794 AT&T
Vendor 01015 - AT&T Total: 1,827.83
Vendor: 01168 - B & K ELECTRIC WHOLESALE
02/04/2025 APA002178 B & K ELECTRIC WHOLESALE 1/6 (22)LIGHT BULBS/PW 562.74 Vendor 01168 - B & K ELECTRIC WHOLESALE Total: 562.74
Vendor: 01208 - BLUE RIBBON TROPHY CO
02/04/2025 APA002179 BLUE RIBBON TROPHY CO 2024 (4)EOY Tile Plates 115.00

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Warrant Register Post Dates: 1/22/2025 - 2/4/2025
1/30/2025 6:58:49 PM Page 3 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount 02/04/2025 APA002179 BLUE RIBBON TROPHY CO 2024 AWARDS PLAQUE/CH 156.20 Vendor 01208 - BLUE RIBBON TROPHY CO Total: 271.20
Vendor: 05176 - BUREAU VERITAS NORTH AMERICA INC
02/04/2025 APA002180 BUREAU VERITAS NORTH AM… DEC'24 BLDG INSP SVCS/BSD 5,272.50 02/04/2025 APA002180 BUREAU VERITAS NORTH AM… DEC'24 BLDG OFF SVCS/BSD 1,470.00 DEC'24 PLAN CK SVCS 2,100.31

HOURLY/BSD
02/04/2025 APA002180 BUREAU VERITAS NORTH AM…
DEC'24 PERMIT TECH 4,095.00

SVCS/BSD
02/04/2025 APA002180 BUREAU VERITAS NORTH AM…
DEC'24 SOLAR PLAN CK 150.00

SVCS/BSD
02/04/2025 APA002180 BUREAU VERITAS NORTH AM…
02/04/2025 APA002180 BUREAU VERITAS NORTH AM… DEC'24 BLDG INSP MLGE/BSD 127.97 Vendor 05176 - BUREAU VERITAS NORTH AMERICA INC Total: 13,215.78 Vendor: 01251 - C D W GOVERNMENT INC
02/04/2025 APA002181 C D W GOVERNMENT INC (4)PRINTER INK/FIN 536.92 Vendor 01251 - C D W GOVERNMENT INC Total: 536.92
Vendor: 01252 - C F P INC
02/04/2025 APA002182 C F P INC (4)DEC'24 BLOOD TESTS/PD 590.00 Vendor 01252 - C F P INC Total: 590.00
Vendor: 01260 - C WELLS PIPELINE MATLS INC
02/04/2025 APA002183 C WELLS PIPELINE MATLS INC 1/10 SVC PARTS/WTR 682.41 Vendor 01260 - C WELLS PIPELINE MATLS INC Total: 682.41 Vendor: 04615 - CA AUTO AND BRAKE INC
02/04/2025 APA002184 CA AUTO AND BRAKE INC 12/19 SMOG/LP-30 61.75 02/04/2025 APA002184 CA AUTO AND BRAKE INC 12/19 SMOG/LP-14 81.75 02/04/2025 APA002184 CA AUTO AND BRAKE INC 12/19 SMOG/LP-41 169.16 Vendor 04615 - CA AUTO AND BRAKE INC Total: 312.66
Vendor: 01262 - CA BUILDING STANDARDS COMM
OCT-DEC'24 LESS 10% CITY -11.60

COLLECTION FEE
02/04/2025 39796 CA BUILDING STANDARDS C…
02/04/2025 39796 CA BUILDING STANDARDS C… OCT-DEC'24 CBSC FEE/BSD 116.00 Vendor 01262 - CA BUILDING STANDARDS COMM Total: 104.40 Vendor: 05652 - CASC ENGINEERING AND CONSULTING INC
02/04/2025 APA002185 CASC ENGINEERING AND CON… DEC'24 CITY ENGR SVCS/FOG 1,750.50 02/04/2025 APA002185 CASC ENGINEERING AND CON… DEC'24 CITY ENGR SVCS/NPDES 963.50 Vendor 05652 - CASC ENGINEERING AND CONSULTING INC Total: 2,714.00 Vendor: 03604 - CINTAS CORPORATION
02/04/2025 APA002187 CINTAS CORPORATION 12/19 UNIFORM SVC/PW 36.13 02/04/2025 APA002187 CINTAS CORPORATION 12/19 UNIFORM SVC/PW 36.13 02/04/2025 APA002187 CINTAS CORPORATION 12/19 UNIFORM SVC/PW 40.65 02/04/2025 APA002187 CINTAS CORPORATION 1/9 UNIFORM SVC/PW 49.35 02/04/2025 APA002187 CINTAS CORPORATION 1/9 UNIFORM SVC/PW 49.35 02/04/2025 APA002187 CINTAS CORPORATION 1/9 UNIFORM SVC/PW 65.80 02/04/2025 APA002187 CINTAS CORPORATION 1/16 UNIFORM SVC/PW 53.35 02/04/2025 APA002187 CINTAS CORPORATION 1/16 UNIFORM SVC/PW 53.35 02/04/2025 APA002187 CINTAS CORPORATION 1/16 UNIFORM SVC/PW 62.74 Vendor 03604 - CINTAS CORPORATION Total: 446.85
Vendor: 01356 - CITY OF LA PALMA FLEXIBLE
Flexible Spending 171.15
Contributions - Medical
01/23/2025 39791 CITY OF LA PALMA FLEXIBLE
Vendor 01356 - CITY OF LA PALMA FLEXIBLE Total: 171.15
Vendor: 05747 - CITYGREEN CONSULTING LLC
OWR1 CONSULTING SERVICES 1,200.00
#2/PW
02/04/2025 APA002188 CITYGREEN CONSULTING LLC
Vendor 05747 - CITYGREEN CONSULTING LLC Total: 1,200.00

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Warrant Register Post Dates: 1/22/2025 - 2/4/2025
1/30/2025 6:58:49 PM Page 4 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05706 - COLANTUONO HIGHSMITH & WHATLEY PC
10/1-29 ATTY SVCS/PTCHESS- 4,901.08

POLICE MATTERS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
10/24-29 ATTY SVCS/PRA 326.40

REQUESTS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
10/17-24 ATTY SVCS/TELECOM 202.50

MATTERS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
10/1-31 ATTY SVCS/PW & 5,875.20

UTILITIES
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
10/7-25 ATTY SVCS/TATARIAN 8,549.95

V CITY OF LA PALMA
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
02/04/2025 APA002189 COLANTUONO HIGHSMITH &… OCT'24 RETAINER 9,020.00 10/2-23 ATTY SVCS/SIGN CODE 2,257.60

MATTERS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
11/14-12/23 ATTY 1,278.40

SVCSPITCHESS-POLICE

MATTERS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
12/2-20 ATTY SVCS/PRA 3,780.80

REQUESTS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
12/16-17 ATTY 163.20

SVCS/LITIGATION MATTERS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
12/2-5 ATTY SVCS/PW & 516.80

UTILITIES
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
12/2-5 ATTY SVCS/TERM 680.00
LIMITS
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
12/3-5 ATTY SVCS/TATARIAN V 81.60

CITY OF LA PALMA
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
02/04/2025 APA002189 COLANTUONO HIGHSMITH &… DEC'24 RETAINER 9,020.00 12/18 ATTY SVCS/WATER 489.60
ISSUES
02/04/2025 APA002189 COLANTUONO HIGHSMITH &…
Vendor 05706 - COLANTUONO HIGHSMITH & WHATLEY PC Total: 47,143.13 Vendor: 04385 - CONTROL AIR ENTERPRISES LLC
02/04/2025 APA002190 CONTROL AIR ENTERPRISES LLC 10/17 QTRLY PM SVC/PD 1,340.00 02/04/2025 APA002190 CONTROL AIR ENTERPRISES LLC 10/16-17 QTRLY PM SVC/CC 1,622.00 02/04/2025 APA002190 CONTROL AIR ENTERPRISES LLC 10/17 QTRLY PM SVC/CY 266.00 02/04/2025 APA002190 CONTROL AIR ENTERPRISES LLC 10/18 QTRLY PM SVC/CH 2,695.00 Vendor 04385 - CONTROL AIR ENTERPRISES LLC Total: 5,923.00 Vendor: 01395 - COUNTY OF ORANGE
3QTR 800MHZ COST 8,533.47

ALLOCATION
02/04/2025 39799 COUNTY OF ORANGE
3QTR 800MHZ COST 517.18

ALLOCATION
02/04/2025 39799 COUNTY OF ORANGE
Vendor 01395 - COUNTY OF ORANGE Total: 10,602.19
Vendor: 01398 - COUNTY OF ORANGE
02/04/2025 39800 COUNTY OF ORANGE FY24/25 NPDES COST SHARE 21,818.35 Vendor 01398 - COUNTY OF ORANGE Total: 21,818.35
Vendor: 04388 - CROSSTOWN ELECTRICAL & DATA INC
02/04/2025 APA002191 CROSSTOWN ELECTRICAL & D… DEC'24 SIGNAL RPR/PW 3,255.10 Vendor 04388 - CROSSTOWN ELECTRICAL & DATA INC Total: 3,255.10 Vendor: 01472 - DEPT OF JUSTICE
02/04/2025 APA002210 DEPT OF JUSTICE Dec '24 FINGERPRINT/PD FT 32.00 02/04/2025 APA002210 DEPT OF JUSTICE Dec '24 FINGERPRINT/ADM IT 32.00 02/04/2025 APA002210 DEPT OF JUSTICE Dec '24 FINGERPRINT/ADM IT 32.00 Vendor 01472 - DEPT OF JUSTICE Total: 96.00

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1/30/2025 6:58:49 PM Page 5 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04626 - DOCUSIGN INC
02/04/2025 APA002193 DOCUSIGN INC 2025 DOCUSIGN SUBSCRIPT/IT 2,851.57 Vendor 04626 - DOCUSIGN INC Total: 2,851.57
Vendor: 01512 - DOOLEY ENTERPRISES INC
02/04/2025 APA002194 DOOLEY ENTERPRISES INC 1/9 AMMUNITION/PD 1,465.40 Vendor 01512 - DOOLEY ENTERPRISES INC Total: 1,465.40
Vendor: 01521 - E C S IMAGING INC
FEB'25-JAN'26 LASERFICHE 10,734.50
AVANT
02/04/2025 APA002195 E C S IMAGING INC
Vendor 01521 - E C S IMAGING INC Total: 10,734.50
Vendor: 04787 - ENTERPRISE FM TRUST
02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-64 1,431.25 JAN'25 MAINT 66.00

MGMT/PW&WTR
02/04/2025 APA002196 ENTERPRISE FM TRUST
02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-60 658.26 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-57 672.79 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-58 679.38 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-62 1,220.47 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-61 1,226.70 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-63 1,375.74 02/04/2025 APA002196 ENTERPRISE FM TRUST JAN'25 LEASE PMT/LP-56 814.61 Vendor 04787 - ENTERPRISE FM TRUST Total: 8,145.20
Vendor: 01611 - FEDERAL EXPRESS CORPORATION
02/04/2025 APA002197 FEDERAL EXPRESS CORPORAT… 1/7 PRIORITY MAIL/PD 29.50 Vendor 01611 - FEDERAL EXPRESS CORPORATION Total: 29.50 Vendor: 01631 - FRANCHISE TAX BOARD
01/23/2025 DFT0009576 FRANCHISE TAX BOARD State Tax Withholding -51.30 01/23/2025 DFT0009582 FRANCHISE TAX BOARD State Tax Withholding 115.66 01/23/2025 DFT0009598 FRANCHISE TAX BOARD State Tax Withholding 10,606.51 Vendor 01631 - FRANCHISE TAX BOARD Total: 10,670.87
Vendor: 01641 - G M SAGER CONSTRUCTION CO
1/8 WATER LEAK ASPHALT 2,570.00

RPR/WTR
02/04/2025 APA002198 G M SAGER CONSTRUCTION …
Vendor 01641 - G M SAGER CONSTRUCTION CO Total: 2,570.00 Vendor: 01649 - GALLS - QUARTERMASTER
02/04/2025 APA002199 GALLS - QUARTERMASTER 1/14 NAMEPLATES/(8)PD 76.88 Vendor 01649 - GALLS - QUARTERMASTER Total: 76.88
Vendor: 04004 - GARY WILSON
02/04/2025 2242 GARY WILSON 1/14-17 ARMORER TRNG/PD 167.60 Vendor 04004 - GARY WILSON Total: 167.60
Vendor: 01669 - GLOBALSTAR USA
02/04/2025 APA002200 GLOBALSTAR USA 1/16 #254-241-0048&49/PD 176.61 Vendor 01669 - GLOBALSTAR USA Total: 176.61
Vendor: 05076 - GLORIA CUEVAS
02/04/2025 APA002192 GLORIA CUEVAS 1/4 COMM CTR DEPOSIT RFD 300.00 Vendor 05076 - GLORIA CUEVAS Total: 300.00
Vendor: 04597 - GREENTECH LANDSCAPE INC
OCT'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
OCT'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
OCT'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
NOV'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
NOV'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC

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1/30/2025 6:58:49 PM Page 6 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount NOV'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
DEC'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
DEC'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
DEC'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT, SWALK CLN
02/04/2025 APA002202 GREENTECH LANDSCAPE INC
Vendor 04597 - GREENTECH LANDSCAPE INC Total: 29,749.98 Vendor: 01699 - HACH COMPANY
02/04/2025 APA002203 HACH COMPANY TESTING SUPPLIES/WTR 569.42 Vendor 01699 - HACH COMPANY Total: 569.42
Vendor: 01727 - HINDERLITER DE LLAMAS & ASSOC
JAN-MAR'25 PROPERTY TAX 2,035.01
SVCS
02/04/2025 APA002204 HINDERLITER DE LLAMAS & A…
Vendor 01727 - HINDERLITER DE LLAMAS & ASSOC Total: 2,035.01 Vendor: 02642 - HOME DEPOT
02/04/2025 APA002205 HOME DEPOT 12/12 SUPPLIES/PW 14.51 02/04/2025 APA002205 HOME DEPOT 12/11 SUPPLIES/WTR 146.35 02/04/2025 APA002205 HOME DEPOT 12/21 SUPPLIES/WTR 33.03 02/04/2025 APA002205 HOME DEPOT 1/8 SUPPLIES/PW 59.07
02/04/2025 APA002205 HOME DEPOT 1/8 SUPPLIES/PD 6.87
02/04/2025 APA002205 HOME DEPOT 12/18 SUPPLIES/PW 54.84 02/04/2025 APA002205 HOME DEPOT 1/17 SUPPLIES/PD 4.82
02/04/2025 APA002205 HOME DEPOT 1/16 SUPPLIES/PW 39.74
02/04/2025 APA002205 HOME DEPOT 1/16 SUPPLIES/PW 12.36
02/04/2025 APA002205 HOME DEPOT 1/16 SUPPLIES/PW 15.81
1/15 VEH MAINT 59.48

SUPPLIES/WTR
02/04/2025 APA002205 HOME DEPOT
Vendor 02642 - HOME DEPOT Total: 446.88
Vendor: 05623 - HOUSTON & HARRIS PCS INC
12/9-11 SWR 8,017.50

CLEANING/MAINT
02/04/2025 APA002206 HOUSTON & HARRIS PCS INC
Vendor 05623 - HOUSTON & HARRIS PCS INC Total: 8,017.50 Vendor: 01764 - INTERNAL REVENUE SERVICE
01/23/2025 DFT0009575 INTERNAL REVENUE SERVICE Federal Tax Withholding -119.61 01/23/2025 DFT0009581 INTERNAL REVENUE SERVICE Federal Tax Withholding 192.01 01/23/2025 DFT0009583 INTERNAL REVENUE SERVICE Medicare 42.08 01/23/2025 DFT0009597 INTERNAL REVENUE SERVICE Federal Tax Withholding 27,072.67 01/23/2025 DFT0009599 INTERNAL REVENUE SERVICE Medicare 6,776.04 Vendor 01764 - INTERNAL REVENUE SERVICE Total: 33,963.19 Vendor: 05140 - JACOB GREEN & ASSOCIATES INC
12/12 & 19 Executive Coaching 500.00
Svcs/CS
02/04/2025 APA002201 JACOB GREEN & ASSOCIATES …
Vendor 05140 - JACOB GREEN & ASSOCIATES INC Total: 500.00 Vendor: 01801 - JHM SUPPLY INC
12/19 IRRIGATION 548.96

SUPPLIES/EROW&FURMAN
02/04/2025 APA002208 JHM SUPPLY INC
1/2 IRRIGATION SUPPLIES/LP 101.61
AVE
02/04/2025 APA002208 JHM SUPPLY INC
1/21 IRRIGATION 250.08

SUPPLIES/BARBI
02/04/2025 APA002208 JHM SUPPLY INC
Vendor 01801 - JHM SUPPLY INC Total: 900.65
Vendor: 05675 - JOHNNY ALLEN TENNIS ACADEMY
02/04/2025 APA002209 JOHNNY ALLEN TENNIS ACAD… 1/7-1/21 TINY ACES TENNIS 31.85 02/04/2025 APA002209 JOHNNY ALLEN TENNIS ACAD… 1/7-1/21 LITTLE ACES TENNIS 153.40 02/04/2025 APA002209 JOHNNY ALLEN TENNIS ACAD… 1/7-1/21 JR ACES TENNIS 76.70 Vendor 05675 - JOHNNY ALLEN TENNIS ACADEMY Total: 261.95

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1/30/2025 6:58:49 PM Page 7 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05505 - JOSEPH L INDRAWAN
02/04/2025 APA002207 JOSEPH L INDRAWAN JAN'25 PROF ENG SVCS/PW 625.00 02/04/2025 APA002207 JOSEPH L INDRAWAN DEC'24 PROF ENG SVCS/PW 812.50 02/04/2025 APA002207 JOSEPH L INDRAWAN NOV'24 PROF ENG SVCS/PW 937.50 Vendor 05505 - JOSEPH L INDRAWAN Total: 2,375.00
Vendor: 01959 - KONICA MINOLTA PREMIER
1/15-2/14 COPIER 598.50

RENTAL/CH,PD,REC
02/04/2025 APA002211 KONICA MINOLTA PREMIER
Vendor 01959 - KONICA MINOLTA PREMIER Total: 598.50
Vendor: 04326 - KRUTI RAJESHKUMAR PATEL
02/04/2025 APA002220 KRUTI RAJESHKUMAR PATEL 1/5 PAVILION DEPOSIT RFD 100.00 Vendor 04326 - KRUTI RAJESHKUMAR PATEL Total: 100.00
Vendor: 05694 - L N CURTIS & SONS
02/04/2025 APA002212 L N CURTIS & SONS 1/7 UNIFORM/PD (NEW OFCR) 139.77 Vendor 05694 - L N CURTIS & SONS Total: 139.77
Vendor: 01975 - L P G E A
01/23/2025 39790 L P G E A LPGEA Dues Withheld 198.00
Vendor 01975 - L P G E A Total: 198.00
Vendor: 01984 - LA PALMA INTERCOMMUNITY HOSPITAL
02/04/2025 APA002213 LA PALMA INTERCOMMUNITY…DEC'24 MEALS ON WHEELS 530.00 Vendor 01984 - LA PALMA INTERCOMMUNITY HOSPITAL Total: 530.00 Vendor: 01988 - LA PALMA POLICE ASSN
01/23/2025 39792 LA PALMA POLICE ASSN LPPA Dues Withheld 1,252.20 Vendor 01988 - LA PALMA POLICE ASSN Total: 1,252.20
Vendor: 01976 - LPPEA
01/23/2025 39793 LPPEA LPPEA Dues Withheld 75.00
Vendor 01976 - LPPEA Total: 75.00
Vendor: 02070 - M M A S C
02/04/2025 APA002214 M M A S C 2025 MMASC DUES/DCM 125.00 Vendor 02070 - M M A S C Total: 125.00
Vendor: 05476 - MAHESH CHIMBILI
02/04/2025 APA002186 MAHESH CHIMBILI 1/11 PAVILION DEPOSIT RFD 100.00 Vendor 05476 - MAHESH CHIMBILI Total: 100.00
Vendor: 05298 - MARINA GRAPHIC CENTER INC
SPRING'25 MOSAIC 7,467.71

BROCHURES/REC
02/04/2025 APA002215 MARINA GRAPHIC CENTER INC
Vendor 05298 - MARINA GRAPHIC CENTER INC Total: 7,467.71 Vendor: 05072 - MASTERLUBE CYPRESS
02/04/2025 APA002216 MASTERLUBE CYPRESS 1/20 OIL CHANGE/#737 176.70 Vendor 05072 - MASTERLUBE CYPRESS Total: 176.70
Vendor: 02134 - MC MASTER-CARR SUPPLY CO
02/04/2025 APA002217 MC MASTER-CARR SUPPLY CO 1/8 TOOLS/PW 136.46 Vendor 02134 - MC MASTER-CARR SUPPLY CO Total: 136.46
Vendor: 02183 - MINUTEMAN PRESS
02/04/2025 APA002218 MINUTEMAN PRESS (885)WTR Bill INSERTS/WTR 307.98 Vendor 02183 - MINUTEMAN PRESS Total: 307.98
Vendor: 01752 - MISSION SQUARE - PLAN 302549
01/23/2025 APA002168 MISSION SQUARE - PLAN 302… Deferred Comp 1,192.30 01/23/2025 APA002168 MISSION SQUARE - PLAN 302… Deferred Comp 2,294.23 01/23/2025 APA002168 MISSION SQUARE - PLAN 302… Deferred Comp 2,409.11 Vendor 01752 - MISSION SQUARE - PLAN 302549 Total: 5,895.64 Vendor: 02201 - MUNICIPAL WATER DISTRICT OF
02/04/2025 39797 MUNICIPAL WATER DISTRICT … DEC'24 WATER RTS CHARGE 264.50 DEC'24 CAPACITY 500.72

CHARGE/WTR
02/04/2025 39797 MUNICIPAL WATER DISTRICT …

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1/30/2025 6:58:49 PM Page 8 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount NOV'24 SERVICE LINE 37,560.50

INVENTORIES PROJ
02/04/2025 39797 MUNICIPAL WATER DISTRICT …
Vendor 02201 - MUNICIPAL WATER DISTRICT OF Total: 38,325.72 Vendor: 05716 - NOAH PALMQUIST
02/04/2025 2241 NOAH PALMQUIST 1/14-17 ARMORER TRNG/PD 167.60 Vendor 05716 - NOAH PALMQUIST Total: 167.60
Vendor: 02248 - OCCUPATIONAL HEALTH CENTERS OF CA
02/04/2025 APA002219 OCCUPATIONAL HEALTH CEN… 11/11 EMPL PHYS/(1)PD FT 195.00 02/04/2025 APA002219 OCCUPATIONAL HEALTH CEN… 11/11 EMPL PHYS/(1)PD VOL 170.00 Vendor 02248 - OCCUPATIONAL HEALTH CENTERS OF CA Total: 365.00 Vendor: 02263 - ORANGE COUNTY LAW ENFORCEMENT
2/13-2/17 BASIC EXPLORER 600.00
ACADEMY/(2)PD
02/04/2025 39798 ORANGE COUNTY LAW ENFO…
Vendor 02263 - ORANGE COUNTY LAW ENFORCEMENT Total: 600.00 Vendor: 02280 - PERS - MEDICAL
Feb '25 Health Premium Adm 101.27
Fee/FT
02/03/2025 DFT0009620 PERS - MEDICAL
Feb '25 Health Premium Adm 66.15
Fee/RET
02/03/2025 DFT0009620 PERS - MEDICAL
Feb '25 Health Plan 11,629.92
Premium/RET
02/03/2025 DFT0009620 PERS - MEDICAL
Feb '25 Health Plan 42,193.89
Premium/FT
02/03/2025 DFT0009620 PERS - MEDICAL
Vendor 02280 - PERS - MEDICAL Total: 53,991.23
Vendor: 02279 - PERS RETIREMENT
CalPERS Employee 146.85
Contribution
01/23/2025 DFT0009572 PERS RETIREMENT
01/23/2025 DFT0009573 PERS RETIREMENT CalPERS Employer Contribution 478.09 CalPERS Employee 110.56
Contribution
01/23/2025 DFT0009578 PERS RETIREMENT
01/23/2025 DFT0009579 PERS RETIREMENT CalPERS Employer Contribution 110.28 CalPERS Employee 1,948.07
Contribution
01/23/2025 DFT0009584 PERS RETIREMENT
01/23/2025 DFT0009585 PERS RETIREMENT CalPERS Employer Contribution 3,901.00 CalPERS Employee 1,477.30
Contribution
01/23/2025 DFT0009586 PERS RETIREMENT
01/23/2025 DFT0009587 PERS RETIREMENT CalPERS Employer Contribution 2,142.10 CalPERS Employee 3,818.93
Contribution
01/23/2025 DFT0009588 PERS RETIREMENT
01/23/2025 DFT0009589 PERS RETIREMENT CalPERS Employer Contribution 3,878.08 CalPERS Employee 1,840.90
Contribution
01/23/2025 DFT0009590 PERS RETIREMENT
01/23/2025 DFT0009591 PERS RETIREMENT CalPERS Employer Contribution 5,993.17 CalPERS Employee 416.83
Contribution
01/23/2025 DFT0009592 PERS RETIREMENT
01/23/2025 DFT0009593 PERS RETIREMENT CalPERS Employer Contribution 1,077.20 CalPERS Employee 7,304.35
Contribution
01/23/2025 DFT0009594 PERS RETIREMENT
01/23/2025 DFT0009595 PERS RETIREMENT CalPERS Employer Contribution 7,285.70 Employee Survivor 43.71
Contribution Amount
01/23/2025 DFT0009596 PERS RETIREMENT
Vendor 02279 - PERS RETIREMENT Total: 41,973.12
Vendor: 02338 - PRINT N COPY CENTER
(4400)JAN/FEB'25 SOURCE 617.81

NEWSLETTER/PD
02/04/2025 APA002221 PRINT N COPY CENTER
Vendor 02338 - PRINT N COPY CENTER Total: 617.81
Vendor: 02354 - R C S INVESTIGATIONS AND CONSULTING LLC 02/04/2025 APA002222 R C S INVESTIGATIONS AND C… 1/14 BACKGROUND INV/PD 1,900.00 Vendor 02354 - R C S INVESTIGATIONS AND CONSULTING LLC Total: 1,900.00

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1/30/2025 6:58:49 PM Page 9 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05396 - RICARDO GONZALEZ
1/12-17 TRAF COLLISION 601.52

TRNG/PD
02/04/2025 2240 RICARDO GONZALEZ
Vendor 05396 - RICARDO GONZALEZ Total: 601.52
Vendor: 05556 - RUBY TU
02/04/2025 APA002231 RUBY TU 1/4 PAVILION DEPOSIT RFD 200.00 Vendor 05556 - RUBY TU Total: 200.00
Vendor: 02447 - S & J SUPPLY CO INC
02/04/2025 APA002223 S & J SUPPLY CO INC 11/13 TOOLS/WTR 527.99 Vendor 02447 - S & J SUPPLY CO INC Total: 527.99
Vendor: 02535 - SMART & FINAL
02/04/2025 APA002224 SMART & FINAL 1/8 KITCHEN SUPPLIES/PD 12.48 02/04/2025 APA002224 SMART & FINAL 1/15 KITCHEN SUPPLIES/PD 22.06 Vendor 02535 - SMART & FINAL Total: 34.54
Vendor: 04797 - SMART CIENEGA LLC
02/04/2025 APA002225 SMART CIENEGA LLC FEB'25 CAM & INS/5414 LP 508.00 Vendor 04797 - SMART CIENEGA LLC Total: 508.00
Vendor: 02556 - SOUTHERN CALIFORNIA EDISON
01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS… 1/9 5872 LA PALMA/MEDIAN 25.58 01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS… 1/14 7701 BARBI/PED 39.35 01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS… 1/24 5712 LA PALMA TC1 75.37 1/9 8172 MOODY/WINDSONG 142.98
TC1
01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS…
01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS… 1/11 6998 WALKER TC1 95.41 1/9 7502 WALKER/HOUSTON 77.48
TC1
01/27/2025 DFT0009621 SOUTHERN CALIFORNIA EDIS…
01/27/2025 DFT0009622 SOUTHERN CALIFORNIA EDIS… 1/16 7831 WALKER/CP 271.70 Vendor 02556 - SOUTHERN CALIFORNIA EDISON Total: 727.87 Vendor: 02568 - STAPLES BUSINESS ADVANTAGE
02/04/2025 APA002227 STAPLES BUSINESS ADVANTA… 12/10 OFFICE SUPPLIES/FIN 212.65 02/04/2025 APA002227 STAPLES BUSINESS ADVANTA… 1/9 KITCHEN SUPPLIES/PD 33.48 02/04/2025 APA002227 STAPLES BUSINESS ADVANTA… 1/9 OFFICE SUPPLIES/PD 48.07 1/11 OFFICE & PATROL 13.59

SUPPLIES/PD
02/04/2025 APA002227 STAPLES BUSINESS ADVANTA…
1/11 OFFICE & PATROL 41.59

SUPPLIES/PD
02/04/2025 APA002227 STAPLES BUSINESS ADVANTA…
02/04/2025 APA002227 STAPLES BUSINESS ADVANTA… 1/18 KITCHEN SUPPLIES/PD 67.63 02/04/2025 APA002228 STAPLES BUSINESS ADVANTA… 1/9 OFFICE SUPPLIES/REC 60.48 1/14 2024 1099-MISC 56.54

FORM/FIN
02/04/2025 APA002228 STAPLES BUSINESS ADVANTA…
02/04/2025 APA002228 STAPLES BUSINESS ADVANTA… 1/15 OFFICE SUPPLIES/GG 448.43 Vendor 02568 - STAPLES BUSINESS ADVANTAGE Total: 982.46 Vendor: 02576 - STEP SAVER INC
1/6 WTR TREATMENT 105.14

SUPPLIES/CY
02/04/2025 APA002229 STEP SAVER INC
1/6 WTR TREATMENT 175.23

SUPPLIES/WW
02/04/2025 APA002229 STEP SAVER INC
Vendor 02576 - STEP SAVER INC Total: 280.37
Vendor: 02459 - SWRCB FEES
7'24-6'25 GROUND WATER 33,616.16

FEES/PW
02/04/2025 39801 SWRCB FEES
Vendor 02459 - SWRCB FEES Total: 33,616.16
Vendor: 02654 - THE STANDARD
02/04/2025 APA002226 THE STANDARD Dec '24 Life Ins Prem/All Empl 726.59 02/04/2025 APA002226 THE STANDARD Dec '24 LTD Ins Prem/All Empl 819.39 Vendor 02654 - THE STANDARD Total: 1,545.98
Vendor: 02655 - THE WORKSHOP
02/04/2025 APA002234 THE WORKSHOP (1500)BUSINESS CARDS/(6)PD 272.25

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Payment Date Payment Number Vendor Name Description (Item) Amount 02/04/2025 APA002234 THE WORKSHOP (1500)BUSINESS CARDS/(6)PD 136.10 (1000)BUSINESS 84.27

CARDS/MYR&CCMBR
02/04/2025 APA002234 THE WORKSHOP
(1000)BUSINESS 84.26

CARDS/MYR&CCMBR
02/04/2025 APA002234 THE WORKSHOP
Vendor 02655 - THE WORKSHOP Total: 576.88
Vendor: 02684 - TOTAL CLEAN
12/19 EQUIP SVC PRESSURE 777.55
WASH/LP-36
02/04/2025 APA002230 TOTAL CLEAN
Vendor 02684 - TOTAL CLEAN Total: 777.55
Vendor: 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION PARS Part Time Retirement 915.96
Contributions
01/23/2025 APA002169 U S BANK INSTITUTIONAL TRU…
Vendor 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION Total: 915.96 Vendor: 05764 - VICKI FAIRFIELD
02/04/2025 APA002232 VICKI FAIRFIELD 12890 AEROBICS RFD 132.00 Vendor 05764 - VICKI FAIRFIELD Total: 132.00
Vendor: 04196 - WECK LABORATORIES INC
02/04/2025 APA002233 WECK LABORATORIES INC 1/6 WATER SAMPLES/CY 200.00 Vendor 04196 - WECK LABORATORIES INC Total: 200.00
Grand Total: 502,014.63

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Agenda Item No. 4 February 4, 2025 | 1
City of La Palma
Agenda Item No. 4
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Second Quarter Operating Report, Fiscal Year 2024-25 RECOMMENDED ACTION:

It is recommended that the City Council receive and file the report.

BACKGROUND:

Staff is presenting a report to the Council and the public on the state of the City’s finances. This report provides the following information:

1. A snapshot of the City’s spendable fund balances at December 31, 2024, and the fiscal yearto-date change in spendable fund balances.

2. A review of the General Fund’s revenue and expenditures through the second quarter of the fiscal year (50% of the year as of December 31, 2024).

For the quarterly report, no quarter-end accruals are recorded. Except at fiscal year-end when accruals are recorded in accordance with accounting standards, revenue is essentially reported when cash is received and expenditures are essentially reported when cash payments are made. Many revenue and expenditure transactions do not occur at uniform times or at equal intervals throughout the year. Consequently, although transactions through the second quarter represent 50% of the fiscal year, not all line items will be at 50% of the budget as of the end of the quarter.

Making sense of the information presented herein requires consideration of the cash flow factors of major revenues and expenditures. For instance, while expenditure outflows for normal operations tend to be relatively even, the cash flow timing of capital expenditures and major revenues such as property taxes are not distributed as evenly.

SUMMARY:

The intent of this financial summary is to provide an understanding of the changes in spendable fund balance. Spendable fund balance is calculated as cash, investments, and other current assets, less current liabilities. Attached for review are the following summary schedules through the end of the quarter:

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Agenda Item No. 4 February 4, 2025 | 2
• Schedule of General Fund Revenues by Type
• Schedule of General Fund Expenditures by Department
• Schedule of General Fund Expenditures by Category
• Schedule of Spendable Fund Balances by Fund
The City’s overall spendable fund balance has decreased by $2.5 million from the beginning of the fiscal year from $42.5 million to $40.0 million at December 31, 2024. As explained further in the following section, this reduction in spendable fund balance is consistently reported in the first half of each fiscal year and is essentially a result of cash flow timing for major revenue sources and a few expenditures. This net decrease is accounted for as follows:
• General Fund decreased by $1.7 million
• Special Revenue Funds increased by $0.5 million
• Capital Projects Funds decreased by $1.5 million
• Water and Sewer Funds increased by $0.4 million
• Internal Service Funds decreased by $0.2 million
The remainder of the financial review will discuss the General Fund’s revenues and expenditures and then will report on the activity in the other funds.

General Fund
As shown in the attached charts, General Fund revenues totaled $5.5 million (39% of the budget) while expenditures totaled $7.1 million (50% of the budget) through December 31, 2024. This results in a net shortfall of revenues under expenditures of $1.6 million, which accounts for the majority of the reduction in spendable fund balance. The remaining difference is due to transferring $0.4 million to other funds, as budgeted. In comparison, the prior year had a net revenue shortfall of $1.2 million, where revenues totaled $5.6 million (34% of the year’s total revenue) and expenditures totaled $6.8 million (52% of the year’s expenditures).

Revenues
Total General Fund revenues are at 38% of the budget through the end of the second quarter. This is not unusual since the largest component of General Fund revenues is property taxes, and the first major distribution of property tax receipts was received during the second quarter. Following is a discussion of the four largest General Fund revenue sources: property tax, sales tax, transaction and use tax, and utility users tax. Together, these four revenues account for approximately 70% of the General Fund’s revenue budget.
• Property Tax: The General Fund’s largest revenue source, property tax, has $1.3 million recorded through December 31 (28% of the $4.8 million budget). In comparison to the prior year, the City had received $1.5 million by the end of the second quarter of FY 2023-24. The property tax distributed from the County through December 31, 2024, is lower than normal.

However, the property tax revenue is tracking normally for the year after receiving the January distribution.

The property tax line item includes secured and unsecured property taxes (budgeted at $2.9 million) as well as the property tax in lieu of vehicle license fees (budgeted at $1.9 million).

Secured property tax payments are distributed in four main payments with estimated distributions of 40% in November/December during the second quarter, 10% in

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Agenda Item No. 4 February 4, 2025 | 3
January/March during the third quarter, 40% in April/May during the fourth quarter, and the final cleanup distribution at the end of the fiscal year. Property tax payments in lieu of vehicle license fees are received in two installments: 50% is distributed in January during the third quarter and the remaining 50% is distributed in May during the fourth quarter. • Sales Tax: The third largest budgeted revenue source, sales tax, has $773,000 recorded through December 31 (42% of the $1.8 million budget). Sales tax receipts always lag by two to three months, and consequently, much of the actual sales tax payments received during the first quarter were recorded as prior year revenue. Current year revenues are lower than at the end of the prior year’s second quarter, where the revenue recorded was $921,000 which was 37% of the total fiscal year’s revenue. The prior year’s second-quarter revenue included a one-time revenue adjustment of $230,000, making the revenue through December 21, 2023, unusually high.
• Transaction & Use Tax: The transaction and use tax is the second largest budgeted revenue source. There is revenue of $725,000 recorded through December 31 (32% of the $2.3 million budget). These receipts follow the same payment track as sales tax. Receipts lag by two to three months, and much of the transaction and use tax payments received during the first quarter were recorded as prior year revenue. Current year revenues are comparable to the prior year where the revenue recorded through the end of the second quarter was $729,000, which was 33% of the total fiscal year’s revenue.
• Utility Users Tax: The fourth largest budgeted revenue source is utility users tax. Payments received through December 31 total 55% of the budget at $600,000. This is higher than the $525,000 revenue that was reported through the second quarter of the prior year, which was 44% of the total fiscal year’s revenue.

Other notable revenues are as follows:
• Residual Property Tax: This represents money distributed to the City from the County as a result of the State’s dissolution of redevelopment agencies in 2011. Minimal revenue has been recorded through December 31. The main distributions typically occur in January and June each year.
• Franchise Fees: Total revenue through December 31 is $90,000 (20% of the $439,000 budget). The City receives payment from its largest franchise fee source in one payment for the entire fiscal year in April, resulting in the proportionally low actual versus budget in the first three quarters.
• Transient Occupancy Tax: Total revenue recorded through December 31 is $186,000, which is 31% of the budget. The City receives four quarterly payments, with each payment received after the end of the applicable quarter. Consequently, only the first quarter’s payment has been received by December 31.
• Licenses and Permits: Through December 31, $308,000 has been collected, which is 70% of the budget. The City collects a majority of its business license revenue during the first half of the fiscal year, accounting for the proportionately high actual versus budgeted percentage in this category.
• Fines and Forfeitures: Through December 31, $27,000 has been recorded, which is 27% of the $100,000 budget. In comparison, the City recorded $102,000 by December 31 of the prior year. During the previous fiscal year, the City received an unusually large payment for an

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Agenda Item No. 4 February 4, 2025 | 4
arrestee’s defaulted bond. The current year’s revenue is in line with other years’ revenue. • Use of Money and Property: Total revenue recorded through December is $594,000 (85% of the $699,000 budget). This category is comprised of the senior housing lease, miscellaneous rental income, and investment income. A large portion of the income through the second quarter is from the $219,000 annual payment received on the senior housing lease.

Miscellaneous rental income totals $77,000 and investment income totals $298,000 through December 31.

Until investments are sold, any difference between market and book value is an unrealized gain or loss; only at year-end are the unrealized gains or losses recorded as part of interest revenue. At June 30, 2024, the City recorded an unrealized loss of $168,000, a net change of $867,000 from the unrealized loss of $1.035 million at June 30, 2023. At December 31, 2024, the unrecorded, unrealized gain on investments for the actively managed investment portfolio was $96,000.

Expenditures
The General Fund’s expenditures total $7.1 million through December 31 (50% of the $14.2 million budget). In comparison, the prior year’s expenditures totaled $6.8 million (52% of the $13.0 million annual expenditures) through the end of the second quarter. Following is a general discussion of each General Fund department:
• The Management Services Department is comprised of the divisions for City Council, City Manager, Legal Services, and City Clerk. The budget for this department totals $1.2 million, and expenditures through the second quarter total $472,000, 40% of the budget. Similarly, expenditures through the prior year’s second quarter totaled $460,000 which was 43% of the year’s total expenditures.
• The Administrative Services Department is comprised of the divisions for Administration, Community Promotions, Fiscal Services, Human Resources, and Technology and Communications. The budget for this department totals $3.8 million, and expenditures through the second quarter total $2.8 million. Expenditures are at 73% of the budget which is similar to the prior year’s expenditures of $2.4 million which was 68% of the year’s total. The costs are proportionately high through the end of the second quarter due to making the required annual payment for the City’s unfunded pension obligation early in the year. • The Police Department has an expenditure budget of $6.1 million. As of December 31, expenditures totaled $2.7 million, which is 43% of the budget. In comparison, expenditures through the prior year’s second quarter totaled $2.5 million which was 47% of the year’s total expenditures.
• The Public Works & Community Services Department provides a wide range of services to the citizens including Health & Wellness, Recreation Facility Operations, Special Events, Youth and Family Services, Citywide Maintenance, Engineering, Parks & Medians, and Street Maintenance divisions. This department has a budget of $2.5 million, and expenditures through the second quarter total $1.0 million which is 39% of the budget. In comparison, expenditures through the prior year’s second quarter totaled $1.1 million which was 47% of the year’s total expenditures.
• The Community Development Department accounts for the Building and Safety, Code Enforcement, and Planning divisions. This department has a budget of $648,000, and

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Agenda Item No. 4 February 4, 2025 | 5
expenditures through the second quarter total $276,000 which is 43% of the budget. In comparison, expenditures through the prior year’s second quarter totaled $255,000 which was 40% of the year’s total expenditures.

Special Revenue Funds
The Special Revenue Funds consist of funds with revenue sources that are restricted by outside parties to specific types of expenditures. The revenues consist of remittances of state gas taxes, County Measure M taxes, grants, South Coast Air Quality funding, park development fees, housingrelated sources, and other similar remittances.

The spendable fund balance increased by a net of $568,000 mainly due to payments received from state and county police and street-related funding sources in advance of work being done.

Capital Outlay Reserve Fund
The City’s capital improvement program is for multi-year projects that improve City facilities, buildings, grounds, streets, parks, and roads. The Capital Outlay Reserve Fund accumulates monies for funding of projects that are not able to be funded by other sources such as gas tax, Measure M, RMRA, or park development funds. Through the end of the second quarter, the City has charged $2.4 million to capital projects, with the majority being spent on median rehabilitation. Offsets to these expenditures are due to receiving a payment on the long-term advance made to other funds, interest earnings, and receiving budgeted transfers from the General Fund. The spendable fund balance decreased by a net of $1.5 million.

Water & Sewer Funds
The Water Fund began the year with a spendable fund balance of $3.7 million which has increased by $227,000 to $3.9 million at December 31. The timing of recording revenues and expenses results in a lag of one to two months during the year. Consequently, revenues are at 34% and expenses are at 28% of the budget at the end of the second quarter.

The Sewer Fund had an increase of $0.4 million in spendable fund balance, with an ending spendable fund balance of $4.6 million at December 31. The sewer fund follows the same pattern as the Water Fund for the timing of recording revenues and expenses. The sewer fund’s revenues are at 35% of the budget while expenditures are at 25% of the budget through December 31. Consequently, the spendable fund balance has increased by $167,000 through the end of the second quarter.

Internal Service Funds
The Internal Service Funds began the year with a spendable fund balance of $4.7 million which decreased to $4.5 million at December 31. The majority of the activity in the Internal Service Funds occurs in the Risk Management/Insurance Fund, and the reduction in the spendable fund balance.

FISCAL IMPACT:

None

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Agenda Item No. 4 February 4, 2025 | 6
ATTACHMENTS:

1. General Fund Revenues by Type

2. General Fund Expenditures by Department

3. General Fund Expenditures by Category

4. Spendable Fund Balance by Fund

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SECOND QUARTER FINANCIAL REPORT, FISCAL YEAR 2024-25
GENERAL FUND REVENUES BY TYPEQUARTER ENDING DECEMBER 31, 2024 FY 2024-25 FY 2023-24 Q2 Variance
Year-to-Date Prior Year Prior YTD Q2 Actual FY 2024-25
Actual through Q2 Actual Actual Actual through as a % of to FY 2023-24 Adopted Amended 12/31/2024 as a % of Annual 12/31/2023 Annual Increase / Revenue Type Budget Budget (50% of FY) Budget Revenue (50% of FY) Revenue <Decrease> Property Tax (Note 2) 4,807,000 $ 4,807,000 $ 1,346,536 $ 28% 4,724,473 $ 1,474,234 $ 31% (127,698) $ Sales Tax (Note 3) 1,834,300 1,834,300 773,460 42% 2,506,151 921,373 37% (147,913) Transaction & Use Tax 2,293,800 2,293,800 725,486 32% 2,230,800 729,472 33% (3,986) Utility Users Tax 1,100,000 1,100,000 600,464 55% 1,183,337 524,595 44% 75,869 Residual Property Tax 331,000 331,000 31 0% 326,446 - 0% 31 Franchise Fees 439,000 439,000 89,568 20% 524,795 108,816 21% (19,248) Transient Occupancy Tax 600,000 600,000 185,727 31% 646,108 168,805 26% 16,922 Licenses and Permits 438,500 438,500 307,812 70% 518,965 333,676 64% (25,864) Intergovernmental 15,000 15,000 4,505 30% 45,113 16,456 36% (11,951) Charges for Services 554,400 554,400 257,523 46% 571,328 245,424 43% 12,099 Fines and Forfeitures (Note 4) 100,100 100,100 26,887 27% 142,148 101,856 72% (74,969) Use of Money and Property (Note 1) 699,000 699,000 594,064 85% 1,220,478 396,371 32% 197,693 Other Revenue 244,200 244,200 122,481 50% 684,198 138,235 20% (15,754) Interfund Charges 783,000 783,000 391,450 50% 782,900 391,450 50% - Total Revenues 14,239,300 $ 14,239,300 $ 5,425,994 $ 38% 16,107,240 $ 5,550,763 $ 34% (124,769) $ Note 1: The City typically holds investments rather than realizing gains or losses by selling before maturity; at year-end, the unrealized gain or loss is recorded against interest revenue. For fiscal year 2023-24, the City recorded an unrealized loss of $167,954, a net change of $867,563 from the unrealized loss at 6/30/23 of $1,035,517. At September 30, 2024, the unrealized gain on investments for the actively managed investment portfolio was $95,877.

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SECOND QUARTER FINANCIAL REPORT, FISCAL YEAR 2024-25
GENERAL FUND EXPENDITURES BY DEPARTMENTQUARTER ENDING DECEMBER 31, 2024 FY 2024-25 FY 2023-24 Q2 Variance
Year-to-Date Q2 Actual Prior Year Prior YTD Q2 Actual FY 2024-25 Actual through as a % of Actual Actual through as a % of to FY 2023-24 Adopted Amended 12/31/2024 Amended Annual 12/31/2023 Annual Increase / Department Budget Budget (50% of FY) Budget Expenditures (50% of FY) Expenditures <Decrease> Management Services 1,184,100 $ 1,184,100 $ 472,326 $ 40% 1,081,522 $ 460,003 $ 43% 12,323 $ Administrative Services 3,760,700 3,760,700 2,756,803 73% 3,613,078 2,439,820 68% 316,983Police 6,135,600 6,135,600 2,663,993 43% 5,258,011 2,480,053 47% 183,940Community Services 2,515,200 2,516,400 977,227 39% 2,368,667 1,119,074 47% (141,847)Community Development 648,000 648,000 275,942 43% 635,760 255,247 40% 20,695 Total 14,243,600 $ 14,244,800 $ 7,146,291 $ 50% 12,957,038 $ 6,754,197 $ 52% 392,094 $

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SECOND QUARTER FINANCIAL REPORT, FISCAL YEAR 2024-25
GENERAL FUND EXPENDITURES BY CATEGORYQUARTER ENDING DECEMBER 31, 2024 FY 2023-24 Q2 Variance
Year-to-Date Q2 Actual Prior Year Prior YTD Q2 Actual FY 2024-25 Actual through as a % of Actual Actual through as a % of to FY 2023-24 Adopted Amended 12/31/2024 Amended Annual 12/31/2023 Annual Increase / Expenditure Type Budget Budget (50% of FY) Budget Expenditures (50% of FY) Expenditures <Decrease> Personnel Services 9,190,200 $ $ 9,190,200 $ 55% 5,030,059 $ 4,567,615 7,996,439 $ 57% 462,444 $ Maintenance and Operations 5,042,400 5,043,600 42% 2,109,635 2,179,092 4,598,400 47% (69,457) Capital Outlay/Improvements 11,000 11,000 60% 6,597 7,490 362,199 2% (893) Total $ 14,243,600 $ 14,244,800 $ 50% 7,146,291 $ 6,754,197 12,957,038 $ 52% 392,094 $ FY 2024-25

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SECOND QUARTER FINANCIAL REPORT, FISCAL YEAR 2024-25
SPENDABLE FUND BALANCE - FISCAL YEAR CHANGETHROUGH THE QUARTER ENDING DECEMBER 31, 2024 FY Change
Balance Balance through
Fund # Fund Title 6/30/2024 12/31/2024 12/31/2024
1 General Fund 6,913,922 $ 5,192,157 $ (1,721,765) $
3 Emergency Reserve Fund 7,767,700 7,767,700 -
5 Economic Development Fund 186,282 186,282 -
17 General Fund Budget Reserves 3,565,284 3,587,294 22,010 Subtotal General Funds 18,433,188 16,733,433 (1,699,755) 10 Road Maintenance & Rehabilitation Account (RMRA) 1,314,152 $ 1,464,220 $ 150,068 11 Streets Fund 253,647 277,832 24,185
12 Measure M2 619,868 726,090 106,222
15 Air Quality Fund 274,809 281,609 6,800
16 PEG Fund 386,645 398,339 11,694
20 Asset Seizure Fund 37,868 26,999 (10,869)
21 Public Safety Augmentation Fund 384,260 369,682 (14,578) 22 Supplemental Law Enforcement Fund 325,620 398,506 72,886 23 SVC Authority for Abandoned Vehicles 29,086 29,265 179 24 BSCC Local Law Enforcement Grant 51,291 51,607 316
25 Community Foundation Public Safety Grant - 53,074 53,074 33 Park Development Fund 5 5 -
38 SA Housing Entity Fund 1,456,471 1,624,124 167,653
Subtotal Special Revenue Funds 5,133,722 5,701,352 567,630 35 Capital Outlay Reserve Fund 4,163,911 2,201,588 (1,962,323) 37 Civic Center Rehabilitation Reserve Fund 1,955,124 2,442,989 487,865 Subtotal Capital Projects Funds 6,119,035 4,644,577 (1,474,458) 50 Water Fund 814,921 771,880 (43,041)
55 Water Capital reserve Fund 2,843,118 3,113,055 269,937 Subtotal Water Related Funds 3,658,039 3,884,935 226,896 52 Sewer Fund 2,051,899 2,047,946 (3,953)
56 Sewer Capital Reserve Fund 2,359,387 2,530,136 170,749 Subtotal Sewer Related Funds 4,411,286 4,578,082 166,796 60 Risk Management/Insurance 1,228,929 790,168 (438,761) 61 Employee Benefits Fund 325,345 327,353 2,008
62 Building Maintenance & Replacement Fund 57,483 57,838 355 63 Vehicle Replacement Fund 1,926,388 2,089,765 163,377 64 Technology Replacement Fund 1,159,579 1,188,921 29,342 Subtotal Internal Service Funds Funds 4,697,724 4,454,045 (243,679) Total All Funds 42,452,994 $ 39,996,424 $ (2,456,570) $ Note: Spendable Fund Balance is defined as cash and current assets less current liabilities.

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Agenda Item No. 5 February 4, 2025 | 1
City of La Palma
Agenda Item No. 5
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Second Quarter Cash and Investment Report, Fiscal Year 2024-25 RECOMMENDED ACTION:

It is recommended that the City Council receive and file the report.

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 December 31, 2024, is as follows:

Short-term Operating Requirements
• Monies held in demand deposit accounts and cash on hand total $3,367,388 • Monies held by Corpay total $123,939
• Monies held in the Local Agency Investment Fund total $16,627,860 o Market value totals $16,621,574
o LAIF fund effective yield for each month during the quarter:
▪ 4.518%, month 1
▪ 4.477% month 2
▪ 4.434%, month 3

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Agenda Item No. 5 February 4, 2025 | 2
o LAIF fund average life is 252 days
Managed Portfolio
• Book value totals $26,858,340
• Market value totals $26,954,217 per US Bank (custodian) and $26,952,475 per PFM (investment manager)
o $14,909,276 US Treasury Bond/Note (55.31%)
o $1,902,428 Federal Agency Commercial (7.06%)
o $5,268,420 Corporate Note (19.55%)
o $457,745 Certificates of Deposit (1.70%)
o $4,368,460 Asset-Backed Security (16.21%)
o $46,146 Money Market (0.17%)
• Yield to maturity (based on cost) is 4.46%
• Yield to maturity (based on market value) is 4.43%
• Weighted average maturity is 825 days
• All investments mature within five years of the quarter-end Interest Rate Yield
The following table presents U.S. Treasury yields as of December 31, 2024, and for all quarters back to December 31, 2022. After making no change to interest rates since July 2023, the Federal Reserve lowered interest rates by one-quarter percentage point at each of its September, November, and December 2024 meetings. The Federal Reserve Board’s stated intent was to move toward a more neutral policy setting in order to maintain the strength of the economy and the labor market while enabling inflation to continue moving down to 2%.

Treasury Yield Curve Rates
Quarter End Date 6 Month 1 Year 2 Year 3 Year 5 Year 10 Year 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%
December 31, 2024 4.24% 4.16% 4.25% 4.27% 4.38% 4.58%
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 (4.43%), the managed portfolio’s yield based on cost (4.46%), and the managed portfolio’s yield based on market (4.43%) were each higher than Treasury yield rates for all maturities of five years and less.

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Agenda Item No. 5 February 4, 2025 | 3
Managed Portfolio Market Value
Until investments are sold, any difference between market and book value is an unrealized gain or loss. During the second quarter of fiscal year 2024-25, the City’s investment managers sold certain investments before their maturity date and realized net losses totaling $7,811.

For the first and second quarters of the fiscal year, market values are above book value, resulting in an unrealized gain at the quarter-end. Market values have an inverse relationship with interest rates, so 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:

Quarter End Date Book Value
Market Value
per Custodian
(US Bank)
Unrealized
Gain/(Loss)
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
December 31, 2024 $26,858,340 $26,954,217 $95,877
ATTACHMENTS:

1. Cash and Investment Report – December 31, 2024

2. Cash and Investment Portfolio Book Value by Type Chart – December 31, 2024

3. PFM Funds, Managed Account Detail of Securities Held – December 31, 2024

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ATTACHMENT 1

CITY OF LA PALMA
Cash and Investment ReportDecember 31, 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 4.620% 16,627,860 $ 16,627,860 $ 16,621,574 $ LAIFVarious eligible securities PFM Fund Manager (various issuers) NA various 4.460% 27,020,702 26,858,340 26,954,217 US Bank Deposit accounts NA NA NA NA 3,359,963 3,359,963 3,359,963 NACash on hand NA NA NA NA 7,425 7,425 NA 7,425 Funds with Corpay NA NA NA NA 123,939 123,939 123,939 NA Total Pooled Deposits and Investments $ 46,977,527 47,139,889 $ 47,067,118 $ * 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
$16,627,860
36%
PFM Investments
$26,858,340
57%
Funds with Corpay
$123,939
0%
Cash & Deposits
$3,367,388
7%
Cash and Investment Portfolio
Book Value by Type
December 31, 2024

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CITY OF LA PALMA

ACCOUNT STATEMENT
For the Month Ending
December 31, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LA PALMA
MR. CONAL MCNAMARA
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 01/01/2025 for New Year's Day.

PFM AM will be closed on 01/20/2025 for Martin Luther King Jr Day.

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

Page 57 of 205 ends

For the Month Ending December 31, 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
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 ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect 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 distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, 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 December 31, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
26,756,240.02
1,293,314.45
(1,104,863.77)
(38,361.30)
$26,906,329.40
PFMAM Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 89,407.26
December 31, 2024 November 30, 2024
Asset Summary
PFMAM Managed Account 26,906,329.40 26,756,240.02
Total $26,906,329.40 $26,756,240.02
Asset Allocation
100.00%
PFMAM Managed
Account
PFM Asset Management, a division of Account 995341 Page 1 U.S. Bancorp Asset Management, Inc.

Page 59 of 205 ends

Managed Account Summary Statement For the Month Ending December 31, 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 $26,756,240.02
(287,790.53)
(817,073.24)
1,293,314.45

0.00 (38,361.30)
$26,906,329.40
$26,756,240.02
$26,906,329.40
92,572.32
(2,708.19)
(456.87)
$89,407.26
150,000.00
818,360.92
91,284.64
137,790.53
(1,296,022.64)
(4,841.17)

0.00 Managed Account Total
26,869,661.53 26,869,661.53
241,541.56
818,360.92
287,790.53
91,284.64
(1,296,022.64)
(26,681,241.45)
(235,004.87)

0.00 241,541.56
818,360.92
287,790.53
91,284.64
(1,296,022.64)
(26,681,241.45)
(235,004.87)

0.00 Total Accrual Basis Earnings $96,370.22 $96,370.22 Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $46,146.00
PFM Asset Management, a division of Account 995341 Page 2 U.S. Bancorp Asset Management, Inc.

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Portfolio Summary and Statistics For the Month Ending December 31, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 14,925,000.00 14,909,275.69 55.41 Federal Agency Commercial
Mortgage-Backed Security
1,964,751.79 1,902,428.64 7.07
Corporate Note 5,270,000.00 5,268,419.69 19.58
Certificate of Deposit 450,000.00 457,745.05 1.70
Asset-Backed Security 4,364,804.39 4,368,460.33 16.24
Managed Account Sub-Total 26,974,556.17 26,906,329.40 100.00% Accrued Interest 241,541.56
Total Portfolio 26,974,556.17 27,147,870.96
Unsettled Trades 0.00 0.00
Sector Allocation

16.24%
ABS

1.70%
Cert of Deposit

19.58%
Corporate Note

7.07%
Federal Agency
Commercial
Mortgage-Backed
Security

55.41%
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

0.28%

2.14%

39.16%

48.23%

4.78% 5.41%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 825

4.46%

4.43%
PFM Asset Management, a division of Account 995341 Page 3 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending December 31, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Credit Quality (S&P Ratings)

5.38%
A

7.14%
A+

5.23%
A0.94%
A-1+

62.49%
AA+

2.22%
AA13.02%
AAA

0.36%
BBB+

3.22%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Accenture PLC 34,490.58 0.13
Adobe Inc 80,570.16 0.30
Ally Auto Receivables Trust 362,371.96 1.35
American Express Co 215,395.18 0.80
ANZ Group Holdings Ltd 271,322.19 1.01
BA Credit Card Trust 140,980.35 0.52
BlackRock Inc 130,316.94 0.48
BMW Vehicle Lease Trust 68,251.72 0.25
BP PLC 141,519.00 0.53
Bristol-Myers Squibb Co 40,334.24 0.15
Capital One Financial Corp 342,678.60 1.27
CarMax Inc 257,354.13 0.96
Caterpillar Inc 170,097.19 0.63
Charles Schwab Corp 95,473.40 0.35
Cintas Corp 54,741.67 0.20
Cisco Systems Inc 161,158.08 0.60
Cooperatieve Rabobank UA 391,300.65 1.45
Deere & Co 176,005.11 0.65
Discover Card Execution Note Trust 159,184.96 0.59
Eli Lilly & Co 130,296.53 0.48
Federal Home Loan Mortgage Corp 1,582,367.31 5.89
Federal National Mortgage Association 320,061.33 1.19
Fifth Third Auto Trust 176,919.40 0.66
Ford Credit Auto Owner Trust 194,450.33 0.72
General Dynamics Corp 167,199.90 0.62
GM Financial Consumer Automobile Receiv 487,998.70 1.81 Goldman Sachs Group Inc 80,624.56 0.30
Groupe BPCE 204,922.80 0.76
Harley-Davidson Inc 118,898.62 0.44
Home Depot Inc 95,837.79 0.36
Honda Auto Receivables Owner Trust 120,092.88 0.45
Honda Motor Co Ltd 200,122.52 0.74
PFM Asset Management, a division of Account 995341 Page 4 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending December 31, 2024 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Issuer of Holdings Percent
Market Value
Honeywell International Inc 130,463.71 0.48
Hormel Foods Corp 110,474.54 0.41
Hyundai Auto Receivables Trust 301,280.86 1.12
International Business Machines Corp 179,275.14 0.67
JPMorgan Chase & Co 650,971.19 2.42
Mastercard Inc 59,343.00 0.22
Mercedes-Benz Auto Receivables Trust 184,905.57 0.69
Morgan Stanley 149,559.45 0.56
National Rural Utilities Cooperative Fi 181,274.48 0.67 Nissan Auto Receivables Owner Trust 448,184.14 1.67
Nordea Bank Abp 252,822.25 0.94
PACCAR Inc 104,941.20 0.39
PNC Financial Services Group Inc 14,978.88 0.06
State Street Corp 344,613.21 1.28
Texas Instruments Inc 115,482.77 0.43
Toyota Auto Receivables Owner Trust 354,794.01 1.32
Toyota Motor Corp 166,309.89 0.62
Truist Financial Corp 165,344.63 0.61
Unilever PLC 99,406.60 0.37
United States Treasury 14,909,275.69 55.42
UnitedHealth Group Inc 195,215.28 0.73
Volkswagen Auto Loan Enhanced Trust 82,374.34 0.31
Wells Fargo & Co 391,222.40 1.45
WF Card Issuance Trust 124,138.00 0.46
World Omni Auto Trust 16,339.39 0.06
Total $26,906,329.40 100.00%
PFM Asset Management, a division of Account 995341 Page 5 U.S. Bancorp Asset Management, Inc.

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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 0.00 385.30 198,060.75 199,648.40

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 0.00 1,011.42 523,230.37 524,077.05

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 2,078.80 100,715.54 100,355.50

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 3,118.21 149,172.40 150,533.25

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 5,197.01 249,710.30 250,888.75

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 7,275.82 349,858.74 351,244.25

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 10,394.02 499,512.53 501,777.50

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 4,957.54 297,728.71 300,539.10

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 8,262.57 497,524.96 500,898.50

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 8,262.57 497,387.93 500,898.50

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 8,279.01 597,491.90 603,538.80

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 8,424.11 848,775.85 855,146.75

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2026
91282CLS8 250,000.00 AA+ Aaa 11/01/24 11/04/24 249,833.98 4.16 1,766.23 249,847.10 249,414.00

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 4,803.87 804,131.17 805,156.00 PFM Asset Management, a division of Account 995341 Page 6 U.S. Bancorp Asset Management, Inc.

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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 1,328.13 652,792.69 651,422.20

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 13,396.74 725,380.96 721,375.00

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 3,505.69 223,796.22 224,367.30

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 11,685.63 747,347.92 747,891.00

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 1,584.94 124,322.30 124,956.00

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 4,120.86 321,590.07 324,885.60

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 2,892.86 298,953.23 301,476.60

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 4.51 584.25 99,977.32 100,488.30

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 5,258.29 899,713.88 904,394.70

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 4.50 540.01 250,727.31 252,070.25

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 4.40 594.01 276,400.39 277,277.28

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 4.40 648.01 301,544.32 302,484.30

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 4.58 810.01 375,358.05 378,105.38

US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 150,000.00 AA+ Aaa 08/08/24 08/09/24 152,009.77 3.89 3,031.59 151,753.13 150,369.15 PFM Asset Management, a division of Account 995341 Page 7 U.S. Bancorp Asset Management, Inc.

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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 6,728.09 476,598.42 468,914.30

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 12,039.74 852,440.13 839,109.80

US TREASURY N/B
DTD 09/16/2024 3.375% 09/15/2027
91282CLL3 475,000.00 AA+ Aaa 10/01/24 10/04/24 473,088.87 3.52 4,782.80 473,241.56 464,126.78

US TREASURY N/B
DTD 09/16/2024 3.375% 09/15/2027
91282CLL3 500,000.00 AA+ Aaa 10/02/24 10/04/24 497,656.25 3.54 5,034.53 497,843.23 488,554.50

US TREASURY N/B
DTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 200,000.00 AA+ Aaa 10/31/24 11/04/24 198,617.19 4.13 1,660.71 198,688.56 197,875.00

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 150,000.00 AA+ Aaa 12/05/24 12/06/24 150,023.44 4.12 803.35 150,022.92 149,320.35

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 300,000.00 AA+ Aaa 12/03/24 12/05/24 300,164.06 4.10 1,606.70 300,160.85 298,640.70

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 650,000.00 AA+ Aaa 12/02/24 12/04/24 650,126.95 4.12 3,481.18 650,125.44 647,054.85 Security Type Sub-Total 14,925,000.00 14,901,674.83 4.10 160,334.60 14,911,927.15 14,909,275.69 Federal Agency Commercial Mortgage-Backed Security
FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 120,877.72 AA+ Aaa 08/05/22 08/10/22 119,999.47 3.55 333.22 120,671.63 119,756.22 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 121,944.93 AA+ Aaa 03/01/23 03/06/23 114,837.83 4.90 278.95 119,318.24 119,861.75 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 130,287.58 AA+ Aaa 10/06/22 10/12/22 122,918.18 4.51 293.36 127,772.38 127,665.93 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 124,571.77 AA+ Aaa 10/05/23 10/11/23 115,584.12 5.05 236.89 119,522.93 120,914.72 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 4.81 267.71 120,943.75 121,704.13 PFM Asset Management, a division of Account 995341 Page 8 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 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
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 4.22 267.71 121,966.36 121,704.13 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 4.10 386.90 171,083.99 169,847.30 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 5.11 325.00 120,849.21 122,095.75 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 82,877.41 AA+ Aaa 05/19/23 05/24/23 80,326.34 4.29 231.16 81,493.65 80,889.52 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 5.33 543.08 183,119.98 185,872.06 FNA 2024-M6 A2
DTD 11/01/2024 2.905% 07/01/2027
3136BTGM9 200,000.00 AA+ Aaa 12/12/24 12/17/24 193,000.00 4.32 484.24 193,098.11 192,395.40 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 4.80 337.92 120,138.83 120,818.50 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 94,192.37 AA+ Aaa 06/17/24 06/21/24 89,637.29 4.78 250.16 90,323.45 90,846.85 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 225,000.00 AA+ Aaa 10/30/24 11/04/24 207,729.49 4.14 250.50 208,617.43 208,056.38 Security Type Sub-Total 1,964,751.79 1,862,942.48 4.55 4,486.80 1,898,919.94 1,902,428.64 Corporate Note
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 3.46 316.25 54,998.65 54,741.67

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 30.67 19,999.21 19,885.90

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 3,080.00 180,000.00 179,275.14 PFM Asset Management, a division of Account 995341 Page 9 U.S. Bancorp Asset Management, Inc.

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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 5.50 230.87 24,990.73 25,180.80

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 9,037.17 389,922.76 391,300.65

STATE STREET CORP (CALLABLE)
DTD 02/07/2022 1.746% 02/06/2026
857477BR3 50,000.00 A Aa3 02/02/22 02/07/22 50,000.00 1.75 351.63 50,000.00 49,836.70

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 1,457.46 150,000.00 149,559.45

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 4.47 267.00 19,994.49 19,956.14

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 3,862.50 270,000.00 271,322.19

STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
857477BM4 75,000.00 A Aa3 02/03/22 02/07/22 77,286.75 2.13 549.98 75,179.63 74,625.00

STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
857477BM4 125,000.00 A Aa3 02/17/22 02/22/22 127,516.25 2.38 916.64 125,200.31 124,375.00

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 5.11 575.00 97,469.76 97,791.70

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 4.08 736.67 100,000.00 99,740.20

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 4.91 153.33 95,090.89 95,473.40

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 4.37 416.88 74,983.88 74,894.55

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 5.47 167.71 165,142.15 167,199.90

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 4.77 197.26 64,981.95 65,269.10 PFM Asset Management, a division of Account 995341 Page 10 U.S. Bancorp Asset Management, Inc.

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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 1,395.63 54,965.80 55,425.54

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 1,448.40 80,000.00 79,685.28

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 4.58 538.42 29,984.99 30,018.84

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 5.04 688.19 54,923.62 55,454.03

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 5.90 877.63 85,000.00 85,659.35

STATE STREET CORP (CALLABLE)
DTD 11/04/2022 5.751% 11/04/2026
857477BX0 25,000.00 A Aa3 11/01/22 11/04/22 25,000.00 5.75 227.64 25,000.00 25,200.20

AMERICAN EXPRESS CO (CALLABLE)
DTD 11/04/2021 1.650% 11/04/2026
025816CM9 100,000.00 A- A2 06/18/24 06/20/24 92,036.00 5.26 261.25 93,734.43 94,765.40

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 5.61 298.67 39,991.12 40,657.04

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 5.43 615.00 99,941.80 101,540.00

PACCAR FINANCIAL CORP
DTD 11/25/2024 4.500% 11/25/2026
69371RT55 35,000.00 A+ A1 11/18/24 11/25/24 34,970.25 4.54 157.50 34,971.71 35,014.70

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 5.25 846.48 290,000.00 293,430.70

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 2,054.38 94,929.46 95,202.64

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 4.76 307.29 15,000.00 14,978.88

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 2,101.31 114,947.60 115,482.77 PFM Asset Management, a division of Account 995341 Page 11 U.S. Bancorp Asset Management, Inc.

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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 2,307.50 129,950.94 130,296.53

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 4.94 702.33 39,968.60 40,334.24

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 2,666.67 159,848.10 161,158.08

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 1,719.06 109,924.33 110,736.01

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 1,186.89 79,967.25 80,169.92

STATE STREET CORP (CALLABLE)
DTD 03/18/2024 4.993% 03/18/2027
857477CL5 70,000.00 A Aa3 03/13/24 03/18/24 70,000.00 4.99 999.99 70,000.00 70,576.31

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 4.84 667.33 54,962.96 55,237.27

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 4.87 937.67 79,969.40 80,570.16

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 1,893.67 193,967.66 195,215.28

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 5.12 584.38 74,962.98 75,594.60

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 5.41 481.24 80,000.00 80,624.56

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 32.50 39,889.11 40,383.76

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 2,574.72 129,996.88 130,316.94 PFM Asset Management, a division of Account 995341 Page 12 U.S. Bancorp Asset Management, Inc.

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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 2,518.75 129,996.87 130,463.71

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 1,254.65 69,918.86 69,926.50

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 1,640.97 99,885.00 99,406.60

ACCENTURE CAPITAL INC (CALLABLE)
DTD 10/04/2024 3.900% 10/04/2027
00440KAA1 35,000.00 AA- Aa3 10/01/24 10/04/24 34,954.85 3.95 329.88 34,958.33 34,490.58

TOYOTA MOTOR CREDIT CORP
DTD 10/10/2024 4.350% 10/08/2027
89236TMS1 35,000.00 A+ A1 10/07/24 10/10/24 34,986.35 4.36 342.56 34,987.35 34,751.05

AMERICAN HONDA FINANCE
DTD 10/23/2024 4.450% 10/22/2027
02665WFT3 65,000.00 A- A3 10/21/24 10/23/24 64,955.15 4.47 546.36 64,957.92 64,527.06

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 1,396.10 120,000.00 122,788.32

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 5.02 858.46 140,000.00 141,519.00

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 4.12 792.67 59,970.12 59,343.00

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 1,067.78 100,000.00 101,707.50

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/26/2024 5.043% 07/26/2028
025816DV8 20,000.00 A- A2 07/22/24 07/26/24 20,000.00 5.04 434.26 20,000.00 20,102.58 Security Type Sub-Total 5,270,000.00 5,233,306.55 4.69 62,768.53 5,244,390.56 5,268,419.69 Certificate of Deposit

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 250,000.00 A-1+ P-1 11/02/22 11/03/22 250,000.00 5.53 2,227.36 250,000.00 252,822.25

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 3,272.50 200,000.00 204,922.80 PFM Asset Management, a division of Account 995341 Page 13 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 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
Certificate of Deposit
Security Type Sub-Total 450,000.00 450,000.00 5.57 5,499.86 450,000.00 457,745.05 Asset-Backed Security
TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 12,654.73 AAA NR 11/09/21 11/15/21 12,654.46 0.71 3.99 12,654.65 12,562.54 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 6,269.64 AAA NR 11/09/21 11/17/21 6,268.24 0.75 2.06 6,269.21 6,244.50 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 16,619.92 AAA Aaa 07/21/21 07/28/21 16,617.19 0.56 4.06 16,619.11 16,494.34 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 12,299.98 AAA Aaa 12/07/21 12/13/21 12,299.49 1.02 3.83 12,299.82 12,234.97 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
05602RAD3 22,942.77 AAA Aaa 05/10/22 05/18/22 22,941.58 3.21 12.27 22,942.31 22,838.40 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 15,894.76 AAA Aaa 10/19/21 10/27/21 15,894.46 0.77 5.44 15,894.66 15,735.62 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 12,590.44 AAA Aaa 10/13/21 10/21/21 12,590.12 0.68 3.57 12,590.33 12,473.25 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 16,463.96 AAA NR 10/26/21 11/03/21 16,461.71 0.82 5.93 16,463.15 16,339.39 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
02008JAC0 54,178.23 AAA Aaa 05/10/22 05/18/22 54,167.74 3.31 79.70 54,173.86 53,951.88 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
380146AC4 14,803.83 AAA NR 01/11/22 01/19/22 14,802.54 1.26 7.77 14,803.33 14,669.81 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
44918MAD2 39,978.51 AAA NR 07/12/22 07/20/22 39,978.50 3.72 66.10 39,978.50 39,845.62 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 39,558.84 AAA Aaa 04/12/22 04/20/22 39,552.25 3.06 53.80 39,555.94 39,364.09 PFM Asset Management, a division of Account 995341 Page 14 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 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
CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 41,385.77 AAA Aaa 04/21/22 04/28/22 41,379.48 3.49 64.19 41,382.98 41,223.74 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
89231CAD9 35,398.32 AAA NR 08/08/22 08/16/22 35,392.40 3.76 59.15 35,395.42 35,276.38 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
14043QAC6 40,249.79 AAA NR 04/26/22 05/04/22 40,240.99 3.17 56.71 40,245.72 39,945.86 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
448979AD6 75,091.56 AAA NR 04/04/23 04/12/23 75,084.23 4.58 152.85 75,087.37 75,115.59 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 85,316.73 AAA NR 07/12/22 07/20/22 85,314.72 3.97 150.54 85,315.76 85,057.80 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
36265WAD5 47,643.09 NR Aaa 07/06/22 07/13/22 47,642.76 3.64 72.26 47,642.93 47,455.52 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 51,411.97 AAA Aaa 08/02/22 08/10/22 51,408.28 3.66 83.63 51,410.13 51,135.68 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 89,986.10 AAA Aaa 09/20/22 09/28/22 89,967.48 4.46 178.37 89,976.55 89,964.77 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
02008MAC3 138,005.64 AAA Aaa 10/04/22 10/12/22 138,003.93 4.76 291.96 138,004.76 138,123.22 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 3.56 253.16 159,989.78 159,184.96 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 114,010.26 AAA NR 10/26/22 10/31/22 113,983.52 5.35 270.58 113,995.61 114,578.25 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 139,444.90 AAA Aaa 11/15/22 11/22/22 139,417.32 5.21 322.89 139,429.60 140,080.49 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 172,309.20 AAA NR 10/04/22 10/12/22 172,280.95 4.82 346.05 172,293.89 172,517.00 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 76,201.14 AAA NR 01/24/23 01/30/23 76,201.11 4.63 156.81 76,201.12 76,249.99 PFM Asset Management, a division of Account 995341 Page 15 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 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
MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 44,819.57 AAA NR 01/18/23 01/25/23 44,814.19 4.51 89.84 44,816.35 44,825.08 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 4.91 338.24 154,982.72 155,499.57 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 79,274.75 NR Aaa 02/13/23 02/23/23 79,266.77 5.05 177.93 79,269.85 79,534.53 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 99,996.31 100,307.00 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 69,998.76 69,997.55 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 44,994.55 45,413.32 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 69,989.12 70,306.18 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 74,999.30 75,650.93 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 89,989.27 90,860.94 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 99,993.92 100,527.20 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 5.53 430.11 174,992.10 176,919.40 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 99,978.80 101,171.10 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 69,992.62 70,674.17 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 5.28 469.33 199,983.61 202,719.80 PFM Asset Management, a division of Account 995341 Page 16 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 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
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 4.60 460.00 224,971.84 225,564.07 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 80,549.60 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 89,987.69 90,456.48 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 4.57 152.33 119,982.52 120,092.88 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 99,986.16 101,102.50 HART 2024-C A3
DTD 10/16/2024 4.410% 05/15/2029
448976AD2 90,000.00 AAA NR 10/08/24 10/16/24 89,993.41 4.41 176.40 89,993.93 89,618.67 TAOT 2024-D A3
DTD 10/17/2024 4.400% 06/15/2029
89239TAD4 50,000.00 AAA Aaa 10/10/24 10/17/24 49,997.21 4.40 97.78 49,997.37 49,848.50 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 4.07 217.07 119,999.50 118,799.40 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 4.14 147.20 79,992.39 79,435.92 VALET 2024-1 A3
DTD 11/26/2024 4.630% 07/20/2029
92868RAD0 70,000.00 AAA Aaa 11/19/24 11/26/24 69,993.41 4.63 99.03 69,993.69 70,139.37 GMCAR 2024-4 A3
DTD 10/16/2024 4.400% 08/16/2029
38014AAD3 70,000.00 AAA Aaa 10/08/24 10/16/24 69,986.52 4.40 128.33 69,987.13 69,783.07 COMET 2024-A1 A
DTD 09/24/2024 3.920% 09/15/2029
14041NGE5 240,000.00 AAA NR 09/17/24 09/24/24 239,953.15 3.92 418.13 239,955.72 235,861.44 WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
92970QAE5 125,000.00 AAA Aaa 10/17/24 10/24/24 124,981.43 4.29 238.33 124,982.17 124,138.00 Security Type Sub-Total 4,364,804.39 4,364,269.86 4.51 8,451.77 4,364,423.88 4,368,460.33 PFM Asset Management, a division of Account 995341 Page 17 U.S. Bancorp Asset Management, Inc.

Page 75 of 205 ends

Page 76 of 205 ends

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 91282CHH7 200,000.00 JPMorgan 99.82 199,648.40 2,406.21 1,587.65 DTD 06/15/2023 4.125% 06/15/2026

1.40 4.26
US TREASURY N/B 91282CHH7 525,000.00 Citigrou 99.82 524,077.05 2,686.42 846.68 DTD 06/15/2023 4.125% 06/15/2026

1.40 4.26
US TREASURY N/B 91282CHM6 100,000.00 JPMorgan 100.36 100,355.50 (515.59) (360.04) DTD 07/17/2023 4.500% 07/15/2026

1.44 4.26
US TREASURY N/B 91282CHM6 150,000.00 JPMorgan 100.36 150,533.25 1,664.11 1,360.85 DTD 07/17/2023 4.500% 07/15/2026

1.44 4.26
US TREASURY N/B 91282CHM6 250,000.00 WellsFar 100.36 250,888.75 1,445.39 1,178.45 DTD 07/17/2023 4.500% 07/15/2026

1.44 4.26
US TREASURY N/B 91282CHM6 350,000.00 WellsFar 100.36 351,244.25 1,517.69 1,385.51 DTD 07/17/2023 4.500% 07/15/2026

1.44 4.26
US TREASURY N/B 91282CHM6 500,000.00 WellsFar 100.36 501,777.50 2,715.00 2,264.97 DTD 07/17/2023 4.500% 07/15/2026

1.44 4.26
US TREASURY N/B 91282CHU8 300,000.00 TD Secur 100.18 300,539.10 4,582.07 2,810.39 DTD 08/15/2023 4.375% 08/15/2026

1.53 4.25
US TREASURY N/B 91282CHU8 500,000.00 JPMorgan 100.18 500,898.50 5,371.16 3,373.54 DTD 08/15/2023 4.375% 08/15/2026

1.53 4.25
US TREASURY N/B 91282CHU8 500,000.00 MorganSt 100.18 500,898.50 5,605.53 3,510.57 DTD 08/15/2023 4.375% 08/15/2026

1.53 4.25
US TREASURY N/B 91282CHY0 600,000.00 BMO 100.59 603,538.80 7,757.55 6,046.90 DTD 09/15/2023 4.625% 09/15/2026

1.61 4.26
US TREASURY N/B 91282CJC6 850,000.00 MorganSt 100.61 855,146.75 7,105.73 6,370.90 DTD 10/16/2023 4.625% 10/15/2026

1.69 4.27
US TREASURY N/B 91282CLS8 250,000.00 MorganSt 99.77 249,414.00 (419.98) (433.10) DTD 10/31/2024 4.125% 10/31/2026

1.74 4.26
US TREASURY N/B 91282CJK8 800,000.00 BMO 100.64 805,156.00 (1,187.75) 1,024.83 DTD 11/15/2023 4.625% 11/15/2026

1.77 4.27
US TREASURY N/B 91282CJP7 650,000.00 MorganSt 100.22 651,422.20 (2,691.08) (1,370.49) DTD 12/15/2023 4.375% 12/15/2026

1.85 4.26
US TREASURY N/B 91282CJT9 725,000.00 MorganSt 99.50 721,375.00 (4,163.09) (4,005.96) DTD 01/16/2024 4.000% 01/15/2027

1.90 4.26
US TREASURY N/B 91282CKA8 225,000.00 RBC Capi 99.72 224,367.30 1,037.22 571.08 DTD 02/15/2024 4.125% 02/15/2027

1.98 4.27
PFM Asset Management, a division of Account 995341 Page 19 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 91282CKA8 750,000.00 MorganSt 99.72 747,891.00 1,494.52 543.08 DTD 02/15/2024 4.125% 02/15/2027

1.98 4.27
US TREASURY N/B 91282CKE0 125,000.00 MorganSt 99.96 124,956.00 849.55 633.70 DTD 03/15/2024 4.250% 03/15/2027

2.06 4.27
US TREASURY N/B 91282CKE0 325,000.00 Nomura 99.96 324,885.60 4,341.65 3,295.53 DTD 03/15/2024 4.250% 03/15/2027

2.06 4.27
US TREASURY N/B 91282CKJ9 300,000.00 MorganSt 100.49 301,476.60 2,800.82 2,523.37 DTD 04/15/2024 4.500% 04/15/2027

2.14 4.27
US TREASURY N/B 91282CKR1 100,000.00 WellsFar 100.49 100,488.30 515.64 510.98 DTD 05/15/2024 4.500% 05/15/2027

2.22 4.28
US TREASURY N/B 91282CKR1 900,000.00 Nomura 100.49 904,394.70 4,746.26 4,680.82 DTD 05/15/2024 4.500% 05/15/2027

2.22 4.28
US TREASURY N/B 91282CKV2 250,000.00 MorganSt 100.83 252,070.25 1,201.11 1,342.94 DTD 06/17/2024 4.625% 06/15/2027

2.30 4.27
US TREASURY N/B 91282CKV2 275,000.00 JPMorgan 100.83 277,277.28 622.98 876.89 DTD 06/17/2024 4.625% 06/15/2027

2.30 4.27
US TREASURY N/B 91282CKV2 300,000.00 MorganSt 100.83 302,484.30 656.17 939.98 DTD 06/17/2024 4.625% 06/15/2027

2.30 4.27
US TREASURY N/B 91282CKV2 375,000.00 BOFAML 100.83 378,105.38 2,680.58 2,747.33 DTD 06/17/2024 4.625% 06/15/2027

2.30 4.27
US TREASURY N/B 91282CKZ3 150,000.00 JPMorgan 100.25 150,369.15 (1,640.62) (1,383.98) DTD 07/15/2024 4.375% 07/15/2027

2.33 4.27
US TREASURY N/B 91282CLG4 475,000.00 WellsFar 98.72 468,914.30 (7,866.95) (7,684.12) DTD 08/15/2024 3.750% 08/15/2027

2.44 4.28
US TREASURY N/B 91282CLG4 850,000.00 CABRERA 98.72 839,109.80 (13,612.86) (13,330.33) DTD 08/15/2024 3.750% 08/15/2027

2.44 4.28
US TREASURY N/B 91282CLL3 475,000.00 MorganSt 97.71 464,126.78 (8,962.09) (9,114.78) DTD 09/16/2024 3.375% 09/15/2027

2.53 4.28
US TREASURY N/B 91282CLL3 500,000.00 JPMorgan 97.71 488,554.50 (9,101.75) (9,288.73) DTD 09/16/2024 3.375% 09/15/2027

2.53 4.28
US TREASURY N/B 91282CLQ2 200,000.00 MorganSt 98.94 197,875.00 (742.19) (813.56) DTD 10/15/2024 3.875% 10/15/2027

2.59 4.28
US TREASURY N/B 91282CLX7 150,000.00 JPMorgan 99.55 149,320.35 (703.09) (702.57) DTD 11/15/2024 4.125% 11/15/2027

2.67 4.29
PFM Asset Management, a division of Account 995341 Page 20 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 91282CLX7 300,000.00 MorganSt 99.55 298,640.70 (1,523.36) (1,520.15) DTD 11/15/2024 4.125% 11/15/2027

2.67 4.29
US TREASURY N/B 91282CLX7 650,000.00 JPMorgan 99.55 647,054.85 (3,072.10) (3,070.59) DTD 11/15/2024 4.125% 11/15/2027

2.67 4.29
Security Type Sub-Total 14,925,000.00 14,909,275.69 7,600.86 (2,651.46) 1.99 4.27 Federal Agency Commercial Mortgage-Backed Security
FHMS K051 A2 3137BM7C4 120,877.72 WellsFar 99.07 119,756.22 (243.25) (915.41) DTD 12/01/2015 3.308% 09/01/2025

0.61 4.47
FHMS K054 A2 3137BNGT5 121,944.93 CantorFi 98.29 119,861.75 5,023.92 543.51 DTD 04/01/2016 2.745% 01/01/2026

0.96 4.41
FNA 2016-M3 A2 3136ARTE8 130,287.58 MorganSt 97.99 127,665.93 4,747.75 (106.45) DTD 03/01/2016 2.702% 02/01/2026

1.05 4.47
FHMS K736 A2 3137FNWX4 124,571.77 INTL_FC 97.06 120,914.72 5,330.60 1,391.79 DTD 09/01/2019 2.282% 07/01/2026

1.29 4.47
FHMS K057 A2 3137BRQJ7 125,000.00 CantorFi 97.36 121,704.13 5,463.90 760.38 DTD 09/01/2016 2.570% 07/01/2026

1.32 4.46
FHMS K057 A2 3137BRQJ7 125,000.00 JPMorgan 97.36 121,704.13 2,846.71 (262.23) DTD 09/01/2016 2.570% 07/01/2026

1.32 4.46
FHMS K058 A2 3137BSP72 175,000.00 CantorFi 97.06 169,847.30 2,811.17 (1,236.69) DTD 11/01/2016 2.653% 08/01/2026

1.55 4.47
FHMS K059 A2 3137BSRE5 125,000.00 MorganSt 97.68 122,095.75 3,702.20 1,246.54 DTD 11/01/2016 3.120% 09/01/2026

1.57 4.50
FHMS K061 A2 3137BTUM1 82,877.41 Citigrou 97.60 80,889.52 563.18 (604.13) DTD 01/01/2017 3.347% 11/01/2026

1.71 4.65
FHMS K063 A2 3137BVZ82 190,000.00 TD Secur 97.83 185,872.06 6,737.68 2,752.08 DTD 03/01/2017 3.430% 01/01/2027

1.83 4.52
FNA 2024-M6 A2 3136BTGM9 200,000.00 WellsFar 96.20 192,395.40 (604.60) (702.71) DTD 11/01/2024 2.905% 07/01/2027

2.24 4.60
FHMS K068 A2 3137FBBX3 125,000.00 WellsFar 96.65 120,818.50 1,570.45 679.67 DTD 10/01/2017 3.244% 08/01/2027

2.43 4.57
FHMS K069 A2 3137FBU79 94,192.37 BOFAML 96.45 90,846.85 1,209.56 523.40 DTD 11/01/2017 3.187% 09/01/2027

2.48 4.57
PFM Asset Management, a division of Account 995341 Page 21 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 K739 A2 3137F64P9 225,000.00 IFP 92.47 208,056.38 326.89 (561.05) DTD 11/01/2020 1.336% 09/01/2027

2.35 4.59
Security Type Sub-Total 1,964,751.79 1,902,428.64 39,486.16 3,508.70 1.67 4.52 Corporate Note
CINTAS CORPORATION NO. 2 (CALLABLE) 17252MAP5 55,000.00 KEYB 04/01/25 99.53 54,741.67 (246.23) (256.98) DTD 05/03/2022 3.450% 05/01/2025

0.32 4.92
NATIONAL RURAL UTIL COOP 63743HFE7 20,000.00 RBC Capi 99.43 19,885.90 (108.70) (113.31) DTD 05/04/2022 3.450% 06/15/2025

0.44 4.78
IBM CORP 459200KS9 180,000.00 JPMorgan 99.60 179,275.14 (724.86) (724.86) DTD 07/27/2022 4.000% 07/27/2025

0.55 4.63
NATIONAL RURAL UTIL COOP 63743HFF4 25,000.00 PNCBank 100.72 25,180.80 214.30 190.07 DTD 10/31/2022 5.450% 10/30/2025

0.80 4.54
COOPERAT RABOBANK UA/NY 21688ABA9 390,000.00 JPMorgan 100.33 391,300.65 1,448.85 1,377.89 DTD 01/09/2024 4.850% 01/09/2026

0.97 4.51
STATE STREET CORP (CALLABLE) 857477BR3 50,000.00 GoldmanS 02/06/25 99.67 49,836.70 (163.30) (163.30) DTD 02/07/2022 1.746% 02/06/2026

0.10 5.33
MORGAN STANLEY (CALLABLE) 61747YEM3 150,000.00 MorganSt 02/18/25 99.71 149,559.45 (440.55) (440.55) DTD 02/18/2022 2.630% 02/18/2026

0.13 5.39
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFH0 20,000.00 Scotiaca 02/13/26 99.78 19,956.14 (29.66) (38.35) DTD 02/09/2023 4.450% 03/13/2026

1.11 4.67
AUST & NZ BANKING GRP NY 05253JB26 270,000.00 RBC Capi 100.49 271,322.19 1,322.19 1,322.19 DTD 03/18/2024 5.000% 03/18/2026

1.15 4.57
STATE STREET CORP (CALLABLE) 857477BM4 75,000.00 KEYB 03/30/25 99.50 74,625.00 (2,661.75) (554.63) DTD 10/29/2020 2.901% 03/30/2026

0.24 6.69
STATE STREET CORP (CALLABLE) 857477BM4 125,000.00 CSFirstB 03/30/25 99.50 124,375.00 (3,141.25) (825.31) DTD 10/29/2020 2.901% 03/30/2026

0.24 6.69
WELLS FARGO & COMPANY 949746RW3 100,000.00 WellsFar 97.79 97,791.70 3,711.70 321.94 DTD 04/22/2016 3.000% 04/22/2026

1.25 4.83
JPMORGAN CHASE & CO (CALLABLE) 46647PCZ7 100,000.00 JPMorgan 04/26/25 99.74 99,740.20 (259.80) (259.80) DTD 04/26/2022 4.080% 04/26/2026

0.31 5.59
CHARLES SCHWAB CORP (CALLABLE) 808513BR5 100,000.00 Citigrou 04/13/26 95.47 95,473.40 1,806.40 382.51 DTD 05/13/2021 1.150% 05/13/2026

1.32 4.63
PFM Asset Management, a division of Account 995341 Page 22 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
CATERPILLAR FINL SERVICE 14913UAA8 75,000.00 SGSA 99.86 74,894.55 (70.20) (89.33) DTD 05/15/2023 4.350% 05/15/2026

1.31 4.48
GENERAL DYNAMICS CORP (CALLABLE) 369550BN7 175,000.00 INTL_FC 05/01/26 95.54 167,199.90 10,156.65 2,057.75 DTD 05/10/2021 1.150% 06/01/2026

1.38 4.44
JOHN DEERE CAPITAL CORP 24422EWX3 65,000.00 JPMorgan 100.41 65,269.10 306.80 287.15 DTD 06/08/2023 4.750% 06/08/2026

1.37 4.45
AMERICAN HONDA FINANCE 02665WEK3 55,000.00 MIZU 100.77 55,425.54 493.19 459.74 DTD 07/07/2023 5.250% 07/07/2026

1.41 4.70
TRUIST FINANCIAL CORP (CALLABLE) 89788MAH5 80,000.00 Suntrust 07/28/25 99.61 79,685.28 (314.72) (314.72) DTD 07/28/2022 4.260% 07/28/2026

0.55 5.56
TOYOTA MOTOR CREDIT CORP 89236TMJ1 30,000.00 MIZU 100.06 30,018.84 37.44 33.85 DTD 08/09/2024 4.550% 08/07/2026

1.50 4.52
HOME DEPOT INC (CALLABLE) 437076CV2 55,000.00 JPMorgan 08/30/26 100.83 55,454.03 574.48 530.41 DTD 12/04/2023 4.950% 09/30/2026

1.60 4.46
TRUIST FINANCIAL CORP (CALLABLE) 89788MAJ1 85,000.00 Suntrust 10/28/25 100.78 85,659.35 659.35 659.35 DTD 10/28/2022 5.900% 10/28/2026

0.79 5.56
STATE STREET CORP (CALLABLE) 857477BX0 25,000.00 Deutsche 11/04/25 100.80 25,200.20 200.20 200.20 DTD 11/04/2022 5.751% 11/04/2026

0.81 5.32
AMERICAN EXPRESS CO (CALLABLE) 025816CM9 100,000.00 Suntrust 10/04/26 94.77 94,765.40 2,729.40 1,030.97 DTD 11/04/2021 1.650% 11/04/2026

1.78 4.68
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFK3 40,000.00 MIZU 10/13/26 101.64 40,657.04 671.04 665.92 DTD 11/02/2023 5.600% 11/13/2026

1.70 4.64
TOYOTA MOTOR CREDIT CORP 89236TLD5 100,000.00 BNPPSA 101.54 101,540.00 1,630.00 1,598.20 DTD 11/20/2023 5.400% 11/20/2026

1.77 4.55
PACCAR FINANCIAL CORP 69371RT55 35,000.00 MUFG 100.04 35,014.70 44.45 42.99 DTD 11/25/2024 4.500% 11/25/2026

1.80 4.49
WELLS FARGO BANK NA (CALLABLE) 94988J6F9 290,000.00 WellsFar 11/09/26 101.18 293,430.70 3,430.70 3,430.70 DTD 12/11/2023 5.254% 12/11/2026

1.78 4.61
CATERPILLAR FINL SERVICE 14913UAE0 95,000.00 JPMorgan 100.21 95,202.64 305.24 273.18 DTD 01/08/2024 4.500% 01/08/2027

1.87 4.44
PNC FINANCIAL SERVICES (CALLABLE) 693475BL8 15,000.00 PNCBank 01/26/26 99.86 14,978.88 (21.12) (21.12) DTD 01/24/2023 4.758% 01/26/2027

1.01 3.64
TEXAS INSTRUMENTS INC (CALLABLE) 882508CE2 115,000.00 BOFAML 01/08/27 100.42 115,482.77 556.37 535.17 DTD 02/08/2024 4.600% 02/08/2027

1.92 4.38
PFM Asset Management, a division of Account 995341 Page 23 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
ELI LILLY & CO (CALLABLE) 532457CJ5 130,000.00 Deutsche 01/09/27 100.23 130,296.53 365.43 345.59 DTD 02/09/2024 4.500% 02/09/2027

1.92 4.38
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122EE4 40,000.00 Citigrou 01/22/27 100.84 40,334.24 377.44 365.64 DTD 02/22/2024 4.900% 02/22/2027

1.94 4.48
CISCO SYSTEMS INC (CALLABLE) 17275RBQ4 160,000.00 Deutsche 01/26/27 100.72 161,158.08 1,366.08 1,309.98 DTD 02/26/2024 4.800% 02/26/2027

1.96 4.45
JOHN DEERE CAPITAL CORP 24422EXM6 110,000.00 Barclays 100.67 110,736.01 838.31 811.68 DTD 03/07/2024 4.850% 03/05/2027

2.01 4.52
AMERICAN HONDA FINANCE 02665WFD8 80,000.00 TD Secur 100.21 80,169.92 213.92 202.67 DTD 03/13/2024 4.900% 03/12/2027

2.03 4.79
STATE STREET CORP (CALLABLE) 857477CL5 70,000.00 MorganSt 02/18/27 100.82 70,576.31 576.31 576.31 DTD 03/18/2024 4.993% 03/18/2027

2.01 4.59
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 100.43 55,237.27 290.62 274.31 DTD 03/08/2024 4.800% 03/30/2027

2.04 4.60
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 100.43 55,237.27 290.62 274.31 DTD 03/08/2024 4.800% 03/30/2027

2.04 4.60
ADOBE INC (CALLABLE) 00724PAE9 80,000.00 BOFAML 03/04/27 100.71 80,570.16 610.16 600.76 DTD 04/04/2024 4.850% 04/04/2027

2.05 4.51
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEY4 195,000.00 BOFAML 03/15/27 100.11 195,215.28 1,574.43 1,247.62 DTD 03/21/2024 4.600% 04/15/2027

2.09 4.57
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFR8 75,000.00 RBC Capi 04/27/26 100.79 75,594.60 641.10 631.62 DTD 05/10/2024 5.100% 05/06/2027

2.13 4.69
GOLDMAN SACHS BANK USA (CALLABLE) 38151LAG5 80,000.00 GoldmanS 05/21/26 100.78 80,624.56 624.56 624.56 DTD 05/21/2024 5.414% 05/21/2027

1.33 4.99
HOME DEPOT INC (CALLABLE) 437076DB5 40,000.00 MorganSt 05/25/27 100.96 40,383.76 516.16 494.65 DTD 06/25/2024 4.875% 06/25/2027

2.27 4.46
BLACKROCK FUNDING INC (CALLABLE) 09290DAH4 130,000.00 BOFAML 06/26/27 100.24 130,316.94 320.84 320.06 DTD 07/26/2024 4.600% 07/26/2027

2.31 4.51
HONEYWELL INTERNATIONAL (CALLABLE) 438516CX2 130,000.00 Deutsche 06/30/27 100.36 130,463.71 467.61 466.84 DTD 08/01/2024 4.650% 07/30/2027

2.32 4.51
PACCAR FINANCIAL CORP 69371RT30 70,000.00 MUFG 99.90 69,926.50 19.60 7.64 DTD 08/06/2024 4.450% 08/06/2027

2.39 4.50
UNILEVER CAPITAL CORP (CALLABLE) 904764BU0 100,000.00 JPMorgan 07/12/27 99.41 99,406.60 (462.40) (478.40) DTD 08/12/2024 4.250% 08/12/2027

2.38 4.49
PFM Asset Management, a division of Account 995341 Page 24 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
ACCENTURE CAPITAL INC (CALLABLE) 00440KAA1 35,000.00 JPMorgan 09/04/27 98.54 34,490.58 (464.27) (467.75) DTD 10/04/2024 3.900% 10/04/2027

2.53 4.48
TOYOTA MOTOR CREDIT CORP 89236TMS1 35,000.00 Citigrou 99.29 34,751.05 (235.30) (236.30) DTD 10/10/2024 4.350% 10/08/2027

2.56 4.61
AMERICAN HONDA FINANCE 02665WFT3 65,000.00 JPMorgan 99.27 64,527.06 (428.09) (430.86) DTD 10/23/2024 4.450% 10/22/2027

2.59 4.74
JPMORGAN CHASE & CO (CALLABLE) 46647PDW3 120,000.00 JPMorgan 10/22/26 102.32 122,788.32 2,788.32 2,788.32 DTD 10/23/2023 6.070% 10/22/2027

1.69 5.09
BP CAP MARKETS AMERICA (CALLABLE) 10373QBY5 140,000.00 Deutsche 10/17/27 101.09 141,519.00 1,519.00 1,519.00 DTD 05/17/2024 5.017% 11/17/2027

2.60 4.61
MASTERCARD INC (CALLABLE) 57636QBA1 60,000.00 BOFAML 12/15/27 98.91 59,343.00 (624.00) (627.12) DTD 09/05/2024 4.100% 01/15/2028

2.76 4.48
JPMORGAN CHASE & CO (CALLABLE) 46647PEE2 100,000.00 JPMorgan 04/22/27 101.71 101,707.50 1,707.50 1,707.50 DTD 04/22/2024 5.571% 04/22/2028

2.13 4.94
AMERICAN EXPRESS CO (CALLABLE) 025816DV8 20,000.00 MorganSt 07/26/27 100.51 20,102.58 102.58 102.58 DTD 07/26/2024 5.043% 07/26/2028

2.35 5.00
Security Type Sub-Total 5,270,000.00 5,268,419.69 35,113.14 24,029.13 1.53 4.75 Certificate of Deposit
NORDEA BANK ABP NEW YORK 65558UYF3 250,000.00 WellsFar 101.13 252,822.25 2,822.25 2,822.25 DTD 11/03/2022 5.530% 11/03/2025

0.81 4.14
NATIXIS NY BRANCH 63873QP65 200,000.00 WellsFar 102.46 204,922.80 4,922.80 4,922.80 DTD 09/20/2023 5.610% 09/18/2026

1.63 4.05
Security Type Sub-Total 450,000.00 457,745.05 7,745.05 7,745.05 1.18 4.10 Asset-Backed Security
TAOT 2021-D A3 89238JAC9 12,654.73 RBC Capi 99.27 12,562.54 (91.92) (92.11) DTD 11/15/2021 0.710% 04/15/2026

0.19 4.51
HART 2021-C A3 44935FAD6 6,269.64 SMBC 99.60 6,244.50 (23.74) (24.71) DTD 11/17/2021 0.740% 05/15/2026

0.11 4.35
CARMX 2021-3 A3 14317DAC4 16,619.92 RBC Capi 99.24 16,494.34 (122.85) (124.77) DTD 07/28/2021 0.550% 06/15/2026

0.20 4.29
PFM Asset Management, a division of Account 995341 Page 25 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
Asset-Backed Security
VALET 2021-1 A3 92868KAC7 12,299.98 WellsFar 99.47 12,234.97 (64.52) (64.85) DTD 12/13/2021 1.020% 06/22/2026

0.16 4.22
BMWOT 2022-A A3 05602RAD3 22,942.77 RBC Capi 99.55 22,838.40 (103.18) (103.91) DTD 05/18/2022 3.210% 08/25/2026

0.37 4.39
COPAR 2021-1 A3 14044CAC6 15,894.76 JPMorgan 99.00 15,735.62 (158.84) (159.04) DTD 10/27/2021 0.770% 09/15/2026

0.26 4.47
GMCAR 2021-4 A3 362554AC1 12,590.44 JPMorgan 99.07 12,473.25 (116.87) (117.08) DTD 10/21/2021 0.680% 09/16/2026

0.24 4.41
WOART 2021-D A3 98163KAC6 16,463.96 WellsFar 99.24 16,339.39 (122.32) (123.76) DTD 11/03/2021 0.810% 10/15/2026

0.21 4.39
ALLYA 2022-1 A3 02008JAC0 54,178.23 Barclays 99.58 53,951.88 (215.86) (221.98) DTD 05/18/2022 3.310% 11/15/2026

0.33 4.50
GMCAR 2022-1 A3 380146AC4 14,803.83 BNPPSA 99.09 14,669.81 (132.73) (133.52) DTD 01/19/2022 1.260% 11/16/2026

0.28 4.42
HART 2022-B A3 44918MAD2 39,978.51 Barclays 99.67 39,845.62 (132.88) (132.88) DTD 07/20/2022 3.720% 11/16/2026

0.41 4.50
HDMOT 2022-A A3 41284YAD8 39,558.84 WellsFar 99.51 39,364.09 (188.16) (191.85) DTD 04/20/2022 3.060% 02/15/2027

0.34 4.45
CARMX 2022-2 A3 14317HAC5 41,385.77 BOFAML 99.61 41,223.74 (155.74) (159.24) DTD 04/28/2022 3.490% 02/16/2027

0.45 4.34
TAOT 2022-C A3 89231CAD9 35,398.32 Citigrou 99.66 35,276.38 (116.02) (119.04) DTD 08/16/2022 3.760% 04/15/2027

0.59 4.34
COPAR 2022-1 A3 14043QAC6 40,249.79 WellsFar 99.24 39,945.86 (295.13) (299.86) DTD 05/04/2022 3.170% 04/15/2027

0.57 4.49
HART 2023-A A3 448979AD6 75,091.56 BOFAML 100.03 75,115.59 31.36 28.22 DTD 04/12/2023 4.580% 04/15/2027

0.61 4.54
CARMX 2022-3 A3 14318MAD1 85,316.73 RBC Capi 99.70 85,057.80 (256.92) (257.96) DTD 07/20/2022 3.970% 04/15/2027

0.57 4.50
GMCAR 2022-3 A3 36265WAD5 47,643.09 BOFAML 99.61 47,455.52 (187.24) (187.41) DTD 07/13/2022 3.640% 04/16/2027

0.45 4.50
COPAR 2022-2 A3 14043GAD6 51,411.97 JPMorgan 99.46 51,135.68 (272.60) (274.45) DTD 08/10/2022 3.660% 05/17/2027

0.63 4.52
NAROT 2022-B A3 65480JAC4 89,986.10 WellsFar 99.98 89,964.77 (2.71) (11.78) DTD 09/28/2022 4.460% 05/17/2027

0.64 4.51
PFM Asset Management, a division of Account 995341 Page 26 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
Asset-Backed Security
ALLYA 2022-2 A3 02008MAC3 138,005.64 JPMorgan 100.09 138,123.22 119.29 118.46 DTD 10/12/2022 4.760% 05/17/2027

0.53 4.60
DCENT 2022-A3 A3 254683CW3 160,000.00 BOFAML 99.49 159,184.96 (795.18) (804.82) DTD 08/09/2022 3.560% 07/15/2027

0.52 4.53
CARMX 2022-4 A3 14318UAD3 114,010.26 Barclays 100.50 114,578.25 594.73 582.64 DTD 10/31/2022 5.340% 08/16/2027

0.68 4.64
MBART 2022-1 A3 58768PAC8 139,444.90 SMBC 100.46 140,080.49 663.17 650.89 DTD 11/22/2022 5.210% 08/16/2027

0.68 4.56
GMCAR 2022-4 A3 36265QAD8 172,309.20 RBC Capi 100.12 172,517.00 236.05 223.11 DTD 10/12/2022 4.820% 08/16/2027

0.58 4.63
TAOT 2023-A A3 891940AC2 76,201.14 BOFAML 100.06 76,249.99 48.88 48.87 DTD 01/30/2023 4.630% 09/15/2027

0.76 4.56
MBART 2023-1 A3 58770AAC7 44,819.57 SUMITR 100.01 44,825.08 10.89 8.73 DTD 01/25/2023 4.510% 11/15/2027

0.75 4.51
NAROT 2023-A A3 65480WAD3 155,000.00 MIZU 100.32 155,499.57 526.96 516.85 DTD 04/26/2023 4.910% 11/15/2027

0.82 4.54
HDMOT 2023-A A3 41285JAD0 79,274.75 JPMorgan 100.33 79,534.53 267.76 264.68 DTD 02/23/2023 5.050% 12/15/2027

0.77 4.65
TAOT 2023-B A3 891941AD8 100,000.00 RBC Capi 100.31 100,307.00 312.59 310.69 DTD 05/23/2023 4.710% 02/15/2028

1.02 4.48
GMCAR 2023-2 A3 362583AD8 70,000.00 BOFAML 100.00 69,997.55 (0.53) (1.21) DTD 04/12/2023 4.470% 02/16/2028

0.84 4.50
BMWOT 2023-A A3 05592XAD2 45,000.00 TD Secur 100.92 45,413.32 421.29 418.77 DTD 07/18/2023 5.470% 02/25/2028

0.95 4.54
BACCT 2023-A1 A1 05522RDG0 70,000.00 BOFAML 100.44 70,306.18 322.03 317.06 DTD 06/16/2023 4.790% 05/15/2028

1.30 4.49
FORDO 2023-B A3 344930AD4 75,000.00 Citigrou 100.87 75,650.93 651.94 651.63 DTD 06/26/2023 5.230% 05/15/2028

1.12 4.50
ALLYA 2023-1 A3 02007WAC2 90,000.00 BOFAML 100.96 90,860.94 876.28 871.67 DTD 07/19/2023 5.460% 05/15/2028

1.02 4.57
AMXCA 2023-1 A 02582JJZ4 100,000.00 RBC Capi 100.53 100,527.20 536.07 533.28 DTD 06/14/2023 4.870% 05/15/2028

1.30 4.50
FITAT 2023-1 A3 31680EAD3 175,000.00 JPMorgan 101.10 176,919.40 1,930.25 1,927.30 DTD 08/23/2023 5.530% 08/15/2028

1.14 4.62
PFM Asset Management, a division of Account 995341 Page 27 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
Asset-Backed Security
CHAIT 2023-A1 A 161571HT4 100,000.00 JPMorgan 101.17 101,171.10 1,198.82 1,192.30 DTD 09/15/2023 5.160% 09/15/2028

1.60 4.48
BACCT 2023-A2 A2 05522RDH8 70,000.00 BOFAML 100.96 70,674.17 683.57 681.55 DTD 12/14/2023 4.980% 11/15/2028

1.75 4.47
NAROT 2024-A A3 65479UAD0 200,000.00 MIZU 101.36 202,719.80 2,738.48 2,736.19 DTD 05/22/2024 5.280% 12/15/2028

1.56 4.46
CHAIT 2024-A1 A 161571HV9 225,000.00 JPMorgan 100.25 225,564.07 598.34 592.23 DTD 01/31/2024 4.600% 01/16/2029

1.91 4.50
TAOT 2024-C A3 89237QAD2 80,000.00 MUFG 100.69 80,549.60 549.65 549.60 DTD 07/30/2024 4.880% 03/15/2029

1.93 4.65
HART 2024-B A3 44934QAD3 90,000.00 Citigrou 100.51 90,456.48 470.06 468.79 DTD 07/24/2024 4.840% 03/15/2029

1.89 4.61
HAROT 2024-3 A3 43813YAC6 120,000.00 JPMorgan 100.08 120,092.88 111.73 110.36 DTD 08/21/2024 4.570% 03/21/2029

1.92 4.56
GMCAR 2024-3 A3 38013KAD2 100,000.00 RBC Capi 101.10 101,102.50 1,117.89 1,116.34 DTD 07/10/2024 5.130% 04/16/2029

1.84 4.58
HART 2024-C A3 448976AD2 90,000.00 Barclays 99.58 89,618.67 (374.74) (375.26) DTD 10/16/2024 4.410% 05/15/2029

2.10 4.64
TAOT 2024-D A3 89239TAD4 50,000.00 MIZU 99.70 49,848.50 (148.71) (148.87) DTD 10/17/2024 4.400% 06/15/2029

2.13 4.65
FORDO 2024-C A3 34532UAD1 120,000.00 Citigrou 99.00 118,799.40 (1,199.78) (1,200.10) DTD 09/20/2024 4.070% 07/15/2029

2.06 4.58
ALLYA 2024-2 A3 02007NAC2 80,000.00 BOFAML 99.29 79,435.92 (555.81) (556.47) DTD 09/27/2024 4.140% 07/16/2029

1.76 4.57
VALET 2024-1 A3 92868RAD0 70,000.00 WellsFar 100.20 70,139.37 145.96 145.68 DTD 11/26/2024 4.630% 07/20/2029

2.30 4.58
GMCAR 2024-4 A3 38014AAD3 70,000.00 MIZU 99.69 69,783.07 (203.45) (204.06) DTD 10/16/2024 4.400% 08/16/2029

2.11 4.58
COMET 2024-A1 A 14041NGE5 240,000.00 BOFAML 98.28 235,861.44 (4,091.71) (4,094.28) DTD 09/24/2024 3.920% 09/15/2029

2.51 4.58
WFCIT 2024-A2 A 92970QAE5 125,000.00 WellsFar 99.31 124,138.00 (843.43) (844.17) DTD 10/24/2024 4.290% 10/15/2029

2.57 4.59
Security Type Sub-Total 4,364,804.39 4,368,460.33 4,190.47 4,036.45 1.27 4.54 PFM Asset Management, a division of Account 995341 Page 28 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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
Managed Account Sub-Total 26,974,556.17 26,906,329.40 94,135.68 36,667.87 1.75 4.42 Total Investments $27,147,870.96
$241,541.56
$26,906,329.40
Accrued Interest
Securities Sub-Total $26,974,556.17 $94,135.68 $36,667.87 1.76 4.43% PFM Asset Management, a division of Account 995341 Page 29 U.S. Bancorp Asset Management, Inc.

Page 87 of 205 ends

Managed Account Security Transactions & Interest For the Month Ending December 31, 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
BUY
12/04/24 US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
12/02/24 91282CLX7 650,000.00 (650,126.95) (1,407.29) (651,534.24) 12/05/24 US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
12/03/24 91282CLX7 300,000.00 (300,164.06) (683.70) (300,847.76) 12/06/24 US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
12/05/24 91282CLX7 150,000.00 (150,023.44) (358.94) (150,382.38) 12/17/24 FNA 2024-M6 A2
DTD 11/01/2024 2.905% 07/01/2027
12/12/24 3136BTGM9 200,000.00 (193,000.00) (258.26) (193,258.26) Transaction Type Sub-Total 1,300,000.00 (1,293,314.45) (2,708.19) (1,296,022.64) CALL
12/06/24 BANK OF AMERICA CORP (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
12/06/24 06051GKE8 150,000.00 150,000.00 0.00 150,000.00 0.00 0.00 Transaction Type Sub-Total 150,000.00 150,000.00 0.00 150,000.00 0.00 0.00

INTEREST
12/01/24 GENERAL DYNAMICS CORP (CALLABLE)
DTD 05/10/2021 1.150% 06/01/2026
12/01/24 369550BN7 0.00 1,006.25 1,006.25
12/25/24 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
12/01/24 3137BRQJ7 0.00 535.42 535.42
12/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
12/01/24 3137BTUM1 0.00 231.64 231.64
12/25/24 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
12/01/24 3137FNWX4 0.00 237.24 237.24
12/25/24 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
12/01/24 3137BSP72 0.00 386.90 386.90
12/25/24 FHMS K053 A2
DTD 03/01/2016 2.995% 12/01/2025
12/01/24 3137BN6G4 0.00 436.77 436.77
12/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
12/01/24 3137BNGT5 0.00 285.94 285.94
12/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
12/01/24 3137FBU79 0.00 250.59 250.59
PFM Asset Management, a division of Account 995341 Page 30 U.S. Bancorp Asset Management, Inc.

Page 88 of 205 ends

INTEREST
12/25/24 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
12/01/24 3137BM7C4 0.00 333.95 333.95
12/25/24 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
12/01/24 3137BVZ82 0.00 543.08 543.08
12/25/24 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
12/01/24 3137BSRE5 0.00 325.00 325.00
12/25/24 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
12/01/24 3136ARTE8 0.00 293.85 293.85
12/25/24 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
12/01/24 3137F64P9 0.00 250.50 250.50
12/25/24 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
12/01/24 3137FBBX3 0.00 337.92 337.92
12/02/24 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
12/02/24 MONEY0002 0.00 533.66 533.66
12/06/24 BANK OF AMERICA CORP (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
12/06/24 06051GKE8 0.00 1,147.50 1,147.50
12/08/24 JOHN DEERE CAPITAL CORP
DTD 06/08/2023 4.750% 06/08/2026
12/08/24 24422EWX3 0.00 1,543.75 1,543.75
12/11/24 WELLS FARGO BANK NA (CALLABLE)
DTD 12/11/2023 5.254% 12/11/2026
12/11/24 94988J6F9 0.00 7,618.30 7,618.30
12/15/24 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
12/15/24 344930AD4 0.00 326.88 326.88
12/15/24 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
12/15/24 98163KAC6 0.00 13.33 13.33
12/15/24 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
12/15/24 14317DAC4 0.00 9.23 9.23
12/15/24 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
12/15/24 02007WAC2 0.00 409.50 409.50
12/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
12/15/24 31680EAD3 0.00 806.46 806.46
12/15/24 TAOT 2024-C A3
DTD 07/30/2024 4.880% 03/15/2029
12/15/24 89237QAD2 0.00 325.33 325.33
12/15/24 HART 2024-C A3
DTD 10/16/2024 4.410% 05/15/2029
12/15/24 448976AD2 0.00 330.75 330.75
PFM Asset Management, a division of Account 995341 Page 31 U.S. Bancorp Asset Management, Inc.

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INTEREST
12/15/24 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
12/15/24 44918MAD2 0.00 138.13 138.13
12/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
12/15/24 02582JJZ4 0.00 405.83 405.83
12/15/24 HART 2024-B A3
DTD 07/24/2024 4.840% 03/15/2029
12/15/24 44934QAD3 0.00 363.00 363.00
12/15/24 TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
12/15/24 89238JAC9 0.00 9.17 9.17
12/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
12/15/24 05522RDG0 0.00 279.42 279.42
12/15/24 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
12/15/24 14044CAC6 0.00 11.96 11.96
12/15/24 FORDO 2024-C A3
DTD 09/20/2024 4.070% 07/15/2029
12/15/24 34532UAD1 0.00 407.00 407.00
12/15/24 US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
12/15/24 91282CKV2 0.00 27,750.00 27,750.00
12/15/24 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
12/15/24 58768PAC8 0.00 649.03 649.03
12/15/24 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
12/15/24 58770AAC7 0.00 179.83 179.83
12/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
12/15/24 891940AC2 0.00 308.67 308.67
12/15/24 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
12/15/24 02008MAC3 0.00 592.69 592.69
12/15/24 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
12/15/24 14043GAD6 0.00 168.80 168.80
12/15/24 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
12/15/24 02007NAC2 0.00 276.00 276.00
12/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
12/15/24 14318MAD1 0.00 304.58 304.58
12/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
12/15/24 41285JAD0 0.00 353.56 353.56
12/15/24 TAOT 2023-B A3
DTD 05/23/2023 4.710% 02/15/2028
12/15/24 891941AD8 0.00 392.50 392.50
PFM Asset Management, a division of Account 995341 Page 32 U.S. Bancorp Asset Management, Inc.

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INTEREST
12/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
12/15/24 14317HAC5 0.00 132.48 132.48
12/15/24 NAROT 2024-A A3
DTD 05/22/2024 5.280% 12/15/2028
12/15/24 65479UAD0 0.00 880.00 880.00
12/15/24 NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025
12/15/24 63743HFE7 0.00 345.00 345.00
12/15/24 DCENT 2022-A3 A3
DTD 08/09/2022 3.560% 07/15/2027
12/15/24 254683CW3 0.00 474.67 474.67
12/15/24 TAOT 2024-D A3
DTD 10/17/2024 4.400% 06/15/2029
12/15/24 89239TAD4 0.00 183.33 183.33
12/15/24 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
12/15/24 41284YAD8 0.00 113.65 113.65
12/15/24 US TREASURY N/B
DTD 06/15/2023 4.125% 06/15/2026
12/15/24 91282CHH7 0.00 14,953.13 14,953.13
12/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
12/15/24 65480JAC4 0.00 357.73 357.73
12/15/24 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
12/15/24 161571HV9 0.00 862.50 862.50
12/15/24 NAROT 2023-A A3
DTD 04/26/2023 4.910% 11/15/2027
12/15/24 65480WAD3 0.00 634.21 634.21
12/15/24 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
12/15/24 14318UAD3 0.00 540.53 540.53
12/15/24 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
12/15/24 02008JAC0 0.00 168.94 168.94
12/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
12/15/24 161571HT4 0.00 430.00 430.00
12/15/24 COMET 2024-A1 A
DTD 09/24/2024 3.920% 09/15/2029
12/15/24 14041NGE5 0.00 784.00 784.00
12/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
12/15/24 05522RDH8 0.00 290.50 290.50
12/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
12/15/24 44935FAD6 0.00 5.44 5.44
12/15/24 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
12/15/24 14043QAC6 0.00 115.30 115.30
PFM Asset Management, a division of Account 995341 Page 33 U.S. Bancorp Asset Management, Inc.

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INTEREST
12/15/24 WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
12/15/24 92970QAE5 0.00 446.88 446.88
12/15/24 US TREASURY N/B
DTD 12/15/2023 4.375% 12/15/2026
12/15/24 91282CJP7 0.00 14,218.75 14,218.75
12/15/24 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
12/15/24 448979AD6 0.00 305.33 305.33
12/15/24 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
12/15/24 89231CAD9 0.00 119.19 119.19
12/16/24 GMCAR 2023-2 A3
DTD 04/12/2023 4.470% 02/16/2028
12/16/24 362583AD8 0.00 260.75 260.75
12/16/24 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
12/16/24 380146AC4 0.00 17.99 17.99
12/16/24 GMCAR 2024-4 A3
DTD 10/16/2024 4.400% 08/16/2029
12/16/24 38014AAD3 0.00 256.67 256.67
12/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
12/16/24 36265QAD8 0.00 746.89 746.89
12/16/24 GMCAR 2024-3 A3
DTD 07/10/2024 5.130% 04/16/2029
12/16/24 38013KAD2 0.00 427.50 427.50
12/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
12/16/24 362554AC1 0.00 8.37 8.37
12/16/24 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
12/16/24 36265WAD5 0.00 158.39 158.39
12/20/24 VALET 2024-1 A3
DTD 11/26/2024 4.630% 07/20/2029
12/20/24 92868RAD0 0.00 216.07 216.07
12/20/24 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
12/20/24 92868KAC7 0.00 13.63 13.63
12/21/24 HAROT 2024-3 A3
DTD 08/21/2024 4.570% 03/21/2029
12/21/24 43813YAC6 0.00 457.00 457.00
12/25/24 HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.875% 06/25/2027
12/25/24 437076DB5 0.00 975.00 975.00
12/25/24 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
12/25/24 05592XAD2 0.00 205.13 205.13
12/25/24 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
12/25/24 05602RAD3 0.00 69.78 69.78
PFM Asset Management, a division of Account 995341 Page 34 U.S. Bancorp Asset Management, Inc.

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PAYDOWNS
12/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
12/01/24 3137FBU79 162.01 162.01 0.00 162.01 7.84 6.84
12/25/24 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
12/01/24 3137FNWX4 181.91 181.91 0.00 181.91 13.12 7.76 12/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
12/01/24 3137BNGT5 3,055.07 3,055.07 0.00 3,055.07 178.06 70.95 12/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
12/01/24 3137BTUM1 173.56 173.56 0.00 173.56 5.35 3.03
12/25/24 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
12/01/24 3136ARTE8 217.72 217.72 0.00 217.72 12.32 4.51 12/25/24 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
12/01/24 3137BM7C4 265.92 265.92 0.00 265.92 1.93 0.50
12/15/24 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
12/15/24 44918MAD2 4,580.55 4,580.55 0.00 4,580.55 0.01 0.01 12/15/24 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
12/15/24 02008JAC0 7,069.24 7,069.24 0.00 7,069.24 1.36 0.58 12/15/24 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
12/15/24 02008MAC3 11,410.75 11,410.75 0.00 11,410.75 0.14 0.08 12/15/24 HDMOT 2022-A A3
DTD 04/20/2022 3.060% 02/15/2027
12/15/24 41284YAD8 5,011.66 5,011.66 0.00 5,011.66 0.83 0.37 12/15/24 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
12/15/24 14043GAD6 3,932.86 3,932.86 0.00 3,932.86 0.28 0.14 12/15/24 WOART 2021-D A3
DTD 11/03/2021 0.810% 10/15/2026
12/15/24 98163KAC6 3,286.15 3,286.15 0.00 3,286.15 0.45 0.17 12/15/24 TAOT 2021-D A3
DTD 11/15/2021 0.710% 04/15/2026
12/15/24 89238JAC9 2,849.02 2,849.02 0.00 2,849.02 0.06 0.01 12/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
12/15/24 891940AC2 3,798.86 3,798.86 0.00 3,798.86 0.01 0.00 12/15/24 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
12/15/24 14043QAC6 3,395.90 3,395.90 0.00 3,395.90 0.75 0.35 12/15/24 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
12/15/24 58770AAC7 3,029.47 3,029.47 0.00 3,029.47 0.37 0.22 PFM Asset Management, a division of Account 995341 Page 35 U.S. Bancorp Asset Management, Inc.

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PAYDOWNS
12/15/24 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
12/15/24 58768PAC8 10,043.82 10,043.82 0.00 10,043.82 1.99 1.12 12/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
12/15/24 44935FAD6 2,545.76 2,545.76 0.00 2,545.76 0.57 0.18 12/15/24 COPAR 2021-1 A3
DTD 10/27/2021 0.770% 09/15/2026
12/15/24 14044CAC6 2,742.00 2,742.00 0.00 2,742.00 0.06 0.02 12/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
12/15/24 41285JAD0 4,739.44 4,739.44 0.00 4,739.44 0.48 0.30 12/15/24 CARMX 2021-3 A3
DTD 07/28/2021 0.550% 06/15/2026
12/15/24 14317DAC4 3,509.20 3,509.20 0.00 3,509.20 0.57 0.17 12/15/24 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
12/15/24 448979AD6 4,908.44 4,908.44 0.00 4,908.44 0.48 0.28 12/15/24 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
12/15/24 14318UAD3 7,456.39 7,456.39 0.00 7,456.39 1.74 0.97 12/15/24 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
12/15/24 89231CAD9 2,640.96 2,640.96 0.00 2,640.96 0.44 0.22 12/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
12/15/24 65480JAC4 6,265.31 6,265.31 0.00 6,265.31 1.30 0.68 12/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
12/15/24 14317HAC5 4,166.74 4,166.74 0.00 4,166.74 0.63 0.29 12/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
12/15/24 14318MAD1 6,749.05 6,749.05 0.00 6,749.05 0.16 0.08 12/16/24 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
12/16/24 36265WAD5 4,574.27 4,574.27 0.00 4,574.27 0.04 0.02 12/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
12/16/24 36265QAD8 13,638.09 13,638.09 0.00 13,638.09 2.24 1.23 12/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
12/16/24 362554AC1 2,182.69 2,182.69 0.00 2,182.69 0.06 0.02 12/16/24 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
12/16/24 380146AC4 2,326.35 2,326.35 0.00 2,326.35 0.20 0.08 12/20/24 VALET 2021-1 A3
DTD 12/13/2021 1.020% 06/22/2026
12/20/24 92868KAC7 3,737.48 3,737.48 0.00 3,737.48 0.15 0.05 12/25/24 BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
12/25/24 05602RAD3 3,143.89 3,143.89 0.00 3,143.89 0.16 0.06 PFM Asset Management, a division of Account 995341 Page 36 U.S. Bancorp Asset Management, Inc.

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Managed Account Security Transactions & Interest For the Month Ending December 31, 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
Transaction Type Sub-Total 137,790.53 137,790.53 0.00 137,790.53 234.15 101.29 SELL
12/04/24 US TREASURY N/B
DTD 05/15/2023 3.625% 05/15/2026
12/02/24 91282CHB0 525,000.00 520,426.76 998.88 521,425.64 635.74 (2,019.63) FIFO 12/05/24 DCENT 2022-A2 A
DTD 05/26/2022 3.320% 05/15/2027
12/03/24 254683CS2 125,000.00 124,291.99 230.56 124,522.55 (697.85) (703.01) FIFO 12/05/24 FHMS K053 A2
DTD 03/01/2016 2.995% 12/01/2025
12/03/24 3137BN6G4 175,000.00 172,354.49 58.24 172,412.73 (628.91) (2,015.32) FIFO Transaction Type Sub-Total 825,000.00 817,073.24 1,287.68 818,360.92 (691.02) (4,737.96) Managed Account Sub-Total (188,450.68) 89,864.13 (98,586.55) (456.87) (4,636.67) Total Security Transactions ($188,450.68) $89,864.13 ($98,586.55) ($456.87) ($4,636.67) PFM Asset Management, a division of Account 995341 Page 37 U.S. Bancorp Asset Management, Inc.

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Agenda Item No. 6 February 4, 2025 | 1
City of La Palma
Agenda Item No. 6
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Pickleball Project Notice of Completion
RECOMMENDED ACTION:

It is recommended that the City Council accept the work and authorize staff to file a Notice of Completion and Accept the Work with the Orange County Recorder for the Central Park Pickleball Fencing and Striping Project.

SUMMARY:

On February 15, 2024 the City advertised and solicited bids on OpenGov, the City’s public bidding platform, for construction services to complete the pickleball fencing and striping project. A total of twelve (12) firms submitted project documents.

On February 26, 2024, one (1) bid was received along with the signed addendum. Staff reviewed the bid documents and confirmed that Trueline Construction and Court Surfacing, Inc., submitted all the required documents with their bid.

At the March 5, 2024, City Council meeting, the City Council awarded a contract in the amount of $82,580.81 to Trueline Construction and Court Surfacing, Inc., of Riverside, California. The work was substantially completed on September 9, 2024.

The Contractor has completed the work and their quality of work is satisfactory. The final contract amount is $82,580.81 based on actual quantities constructed with no change orders. The project was completed per schedule and within the project budget.

The final 5% retention for the project is released to the contractor after the Notice of Completion and Acceptance of Work is recorded with the Orange County Recorder’s Office. No liens or stop notices against the contractor or project have been received; therefore, the final 5% retention payment must be released to the contractor as per the contract documents.

FISCAL IMPACT:

The FY 2023-24 Capital Improvement Program (CIP) Budget fully funded the project through the California Prop 68 Grant Funds (035-900-8870-00000) in the amount of $82,580.81.

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Agenda Item No. 6 February 4, 2025 | 2
ATTACHMENTS:

1. Pickleball Project Notice of Completion

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Free Recording in Accordance with
California Government Code
Section 273833
Recording Requested By

CITY OF LA PALMA
When Recorded Mail To:

CITY OF LA PALMA
7821 Walker Street
La Palma, CA 90623-1771

This Space is for Recorder’s Use Only

NOTICE OF COMPLETION
AND

ACCEPTANCE OF WORK
NOTICE IS HEREBY GIVEN THAT:

1. The undersigned is an owner of an interest or estate in the hereinafter described real property, the nature of which interest or estate is public property.

2. The City of La Palma, 7822 Walker Street, La Palma, California 90623, as owner of the property hereinafter described caused improvement to be made, to wit:

Work includes the Central Park Pickleball Fencing and Striping Project in the City of La Palma.

3. The name and address of the director contractor for the work of improvement as a whole is:

Trueline Construction & Surfacing, Inc.

P.O. Box 70269
Riverside, CA 92513-0269

4. The notice is given for (check one):
☒ Completion of the work improvement as a whole
☐ Completion of a contract for a particular portion of the work of improvement (per CA Civ. Code § 8186
The contract for the doing of which was heretofore entered into on the 5th day of March, 2024, which contract was made with Trueline Construction & Surfacing, Inc. as Contractor; that the work was actually accepted on the 4th day of FEBRUARY, 2025; that title to said property is vested in the City of La Palma; that the surety for said Contractor is American Contractors Indemnity Company, that the property hereinbefore referred to and on which said improvement was made is described as follows:

Central Park Pickleball Fencing and Striping Project

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CITY OF LA PALMA FREE RECORDING IN ACCORDANCE WITH
GOVERNMENT CODE SECTION 27383

CITY OF LA PALMA

I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

Date: February 4, 2025 ________________________________________ Place: La Palma, CA Joe Cisneros, Deputy City Manager
City of La Palma

STATE OF CALIFORNIA) SS

COUNTY OF ORANGE)

VERIFICATION
I, JOE CISNEROS , state; I am the Deputy City Manager of the City of La Palma identified in the foregoing Notice of Completion. I have read said Notice of Completion and know that contents thereof; the same is true of my own knowledge.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

Executed on February 4, 2025 at 7822 Walker Street, City of La Palma.

By ________________________________________
Joe Cisneros, Deputy City Manager
City of La Palma

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ACKNOWLEDGEMENT
State of California
County of ___________________________________
On ____________ before me, ________________________________________ Personally appeared ________________________________________________ Who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s)
is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed
the same in his/her/their authorized capacity(ies),
and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf
of which the person(s) acted, executed the
instrument.

I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing
paragraph is true and correct.

WITNESS my hand and official seal.

Place Notary Seal Above Signature _________________________________ Signature of Notary Public
Signature of Notary Public
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

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Agenda Item No. 7 February 4, 2025 | 1
City of La Palma
Agenda Item No. 7
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Resolution approving the Sponsorship for 2025 Cypress College Foundation Americana Awards, and Authorizing the Distribution of Tickets to Attend the Event
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving Sponsorship of the 2025 Cypress College Foundation Americana Awards at the Benefactor Level and authorize the distribution of tickets to attend the event.

BACKGROUND:

The Fiscal Year 2024-25 Budget includes a sponsorship of the Cypress College Foundation Americana Awards at the Americana Benefactor level.

SUMMARY:

The purpose of this report is to provide approval of the sponsorship amount pursuant to the Fair Political Practices Commission (FPPC) Regulation 18944.1(d)(2) and the City’s Ticket Distribution Policy, which requires that the City determine a specific governmental or public purpose of the City in order to purchase tickets to or sponsor such events.

The Americana Benefactor level sponsorship provides the City with one table with up to 10 tickets to the event as well as an opportunity to place a half page color advertisement in the event program congratulating this year’s “Person of the Year” honorees. This year’s honorees for the City of La Palma is Richard and Jean Daum.

The attached Resolution approves sponsorship of the 2025 Cypress College Foundation Americana Awards at the $4,000 Benefactor level. The Resolution finds that the expenditure of funds to participate in the event accomplishes one or more public purposes of the City that are equal or greater value than the cost of the tickets. Specifically, attendance at the event promotes City recognition; promotes City-sponsored community service organizations and programs that provide benefit with the City; encourages greater volunteer activities by City residents; and provides opportunities for City officials to confer with other governmental officials attending the event regarding matters of interest to or affecting the City.

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Agenda Item No. 7 February 4, 2025 | 2
FISCAL IMPACT:

The City Council's Fiscal Year 2024-25 Budget (001-110-6200-00000) has sufficient funds to cover the $4,000 expense.

ATTACHMENTS:

1. 2025 Americana Ticket Resolution

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Resolution No. 2025-__

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RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA PALMA AUTHORIZING PARTICIPATION IN THE 2025

CYPRESS COLLEGE FOUNDATION AMERICANA
AWARDS
WHEREAS, the Cypress College Foundation Americana Awards are an annual event that both benefits students attending the college through scholarship opportunities and honors local citizens - this year’s honorees being Richard and Jean Daum; and WHEREAS, attendance by the City Council and/or members of the City’s staff serves to strengthen relationships within the business and scholastic communities, enhances the City’s reputation, promotes education, and promotes volunteerism.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of La Palma does hereby declare that there is a specific governmental or public purpose in the City being an Americana Benefactor Sponsor of the event – which includes attendance of ten City officials and/or volunteers, recognition in the event program, and a half page color advertisement – all of which will enhance the City’s reputation within the City and in neighboring communities.

NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Council of the City of La Palma does hereby authorize the City Manager to purchase an American Benefactor Sponsor package ($4,000) and to distribute the event tickets to City officials and/or volunteers as he deems appropriate.

APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 4th day of February, 2025.
_____________________________
Mark I. Waldman
Mayor
ATTEST:
______________________________
Kimberly Kenney, CMC
City Clerk

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Resolution No. 2025-__

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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 forgoing resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 4
th day of February, 2025, and that it was
so adopted by called vote as follows:

AYES:

NOES:
________________________________
Kimberly Kenney, CMC
City Clerk

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Agenda Item No. 8 February 4, 2025 | 1
City of La Palma
Agenda Item No. 8
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Belinda Deines, Community Development Manager AGENDA TITLE: Resolution Approving the Admission of the City of La Palma into the Joint Powers Authority of the California Municipal Finance Authority regarding Casa La Palma Apartments at 7777 Valley View Street RECOMMENDED ACTION:

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

1. Adopt the Joint Exercise of Powers Agreement; and

BACKGROUND:

On December 19, 2024, the City received a request from the California Municipal Finance Authority (CMFA) for the City of La Palma to enter into a Joint Powers Authority in order to award a grant to Mariman and Company, property owner of Casa La Palma Apartments, with tax-exempt financing through the CMFA.

Casa La Palma Apartments is an existing 272-unit affordable housing community located at 7777 Valley View Street (APN: 263-241-46). The Property was originally constructed in 1978 as marketrate units. In 1998, the Property was acquired, substantially rehabilitated, and converted into 100% low-income affordable housing units through the issuance of tax-exempt bonds and low-income housing tax credits. The Property was acquired by Mariman and Company in October 2011, who remains the current owner and operator of the property. At present, the existing units are restricted to low-income at 60% of Area Median Income or below. The Bond Regulatory Agreement was terminated when the bonds were redeemed, but the Low-Income Housing Tax Credits remain in place until December 31, 2028. The current, 30-year affordable housing regulatory agreement is set to expire on December 31, 2028 and the Property is at-risk for conversion to market-rate. The CMFA has been asked to award a grant to Mariman and Company and record a new regulatory agreement which will maintain affordability for all 272 low-income units for another 30-year term.

The CMFA was created on January 1, 2004 pursuant to a joint exercise of powers agreement to promote economic, cultural and community development, through the financing of economic

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Agenda Item No. 8 February 4, 2025 | 2
development and charitable activities throughout California. To date, over 350 municipalities have become members of CMFA.

The CMFA was formed to assist local governments, non-profit organizations and businesses with the issuance of taxable and tax-exempt bonds aimed at improving the standard of living in California. The CMFA’s representatives and its Board of Directors have considerable experience in bond financings.

DISCUSSION:

In order for the CMFA to have the authority to serve as the issuer of the bonds for a project, it is necessary for the City of La Palma to become a member of the CMFA. Attached to this report is a copy of the Joint Exercise of Powers Agreement (Attachment 1) to be executed by a designated signatory of the City.

The Joint Exercise of Powers Agreement provides that the CMFA is a public entity, separate and apart from each member executing such agreement. The debts, liabilities and obligations of the CMFA do not constitute debts, liabilities or obligations of the members executing such agreement.

There are no costs associated with membership in the CMFA and the City will in no way become exposed to any financial liability by reason of its membership in the CMFA. In addition, participation by the City in the CMFA will not impact the City’s appropriations limits and will not constitute any type of indebtedness by the City. Adopting the required Resolution (Attachment 2) and executing the Joint Exercise of Powers Agreement of the CMFA are the only actions required; no other participation or activity of the City or the City Council with respect to the issuance of the Bonds will be required.

The Joint Exercise of Powers Agreement expressly provides that any member may withdraw from such agreement upon written notice to the Board of Directors of the CMFA. In the case of the proposed bond financing for the Borrower, the City following its execution of the Joint Exercise of Powers Agreement, could, at any time following the issuance of the Bonds, withdraw from the CMFA by providing written notice to the Board of Directors of the CMFA.

The City's membership in the CMFA is in keeping with Program 2, Funding for Preservation and Rehabilitation of Affordable Housing, in the 2021-2029 Housing Element, in that the La Palma General Plan specifically states that "the City will participate with non-profit housing authorities to preserve lower-income multi-family housing in the City and/or to convert market-rate multi-family housing into covenanted affordable housing, as opportunities arise." Furthermore, Program 2 states that funding will be provided through the issuance of tax-exempt affordable housing bonds, which will be utilized to preserve low-income units and address the needs of low-income households. In support of maintaining the City's existing affordable housing stock, staff recommends that the City execute the Joint Exercise of Powers Agreement of the CMFA and adopt the Resolution.

FISCAL IMPACT:

The City will have no financial, legal, moral obligation, liability, or responsibility in becoming a Member of the CMFA. The Board of Directors of the California Foundation for Stronger Communities, a California non-profit public benefit corporation (the “Foundation”), acts as the Board of Directors for the CMFA. Through its conduit issuance activities, the CMFA shares a portion of the issuance fees it receives with its member communities and donates a portion of these issuance fees to the Foundation for the support of local charities. With respect to the City of La Palma, it is expected that that a portion of the issuance fees attributable to the City will be granted by the CMFA to the general fund of the City for projects located in the City. Such grants may be used for any lawful purpose of the City.

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Agenda Item No. 8 February 4, 2025 | 3
ATTACHMENTS:

1. CMFA JPA Agreement - City of La Palma

2. Resolution to Join CMFA

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JOINT EXERCISE OF POWERS AGREEMENT

RELATING TO THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY
THIS AGREEMENT, dated as of January 1, 2004, among the parties executing this Agreement (all such parties, except those which have withdrawn as provided herein, are referred to as the “Members” and those parties initially executing this Agreement are referred to as the “Initial Members”):

WITNESSETH
WHEREAS, pursuant to Title 1, Division 7, Chapter 5 of the California Government Code (in effect as of the date hereof and as the same may from time to time be amended or supplemented, the “Joint Exercise of Powers Act”), two or more public agencies may by agreement jointly exercise any power common to the contracting parties; and WHEREAS, each of the Members is a “public agency” as that term is defined in Section 6500 of the Joint Exercise of Powers Act; and
WHEREAS, each of the Members is empowered by law to promote economic, cultural and community development, including, without limitation, the promotion of opportunities for the creation or retention of employment, the stimulation of economic activity, the increase of the tax base, and the promotion of opportunities for education, cultural improvement and public health, safety and general welfare; and
WHEREAS, each of the Members may accomplish the purposes and objectives described in the preceding preamble by various means, including through making grants, loans or providing other financial assistance to governmental and nonprofit organizations; and WHEREAS, each Member is also empowered by law to acquire and dispose of real property for a public purpose; and
WHEREAS, the Joint Exercise of Powers Act authorizes the Members to create a joint exercise of powers entity with the authority to exercise any powers common to the Members, as specified in this Agreement and to exercise the additional powers granted to it in the Joint Exercise of Powers Act and any other applicable provisions of the laws of the State of California; and
WHEREAS, a public entity established pursuant to the Joint Exercise of Powers Act is empowered to issue or execute bonds, notes, commercial paper or any other evidences of indebtedness, including leases or installment sale agreements or certificates of participation therein (herein “Bonds”), and to otherwise undertake financing programs under the Joint Exercise of Powers Act or other applicable provisions of the laws of the State of California to accomplish its public purposes; and

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WHEREAS, the Members have determined to specifically authorize a public entity authorized pursuant to the Joint Exercise of Powers Act to issue Bonds pursuant to the Joint Exercise of Powers Act or other applicable provisions of the laws of the State of California; and WHEREAS, it is the desire of the Members to use a public entity established pursuant to the Joint Exercise of Powers Act to undertake the financing and/or refinancing of projects of any nature, including, but not limited to, capital or working capital projects, insurance, liability or retirement programs or facilitating Members use of existing or new financial instruments and mechanisms; and
WHEREAS, it is further the intention of the Members that the projects undertaken will result in significant public benefits to the inhabitants of the jurisdictions of the Members; and WHEREAS, by this Agreement, each Member desires to create and establish the “California Municipal Finance Authority” for the purposes set forth herein and to exercise the powers provided herein;
NOW, THEREFORE, the Members, for and in consideration of the mutual promises and agreements herein contained, do agree as follows:

Section 1. Purpose.

This Agreement is made pursuant to the provisions of the Joint Exercise of Powers Act.

The purpose of this Agreement is to establish a public entity for the joint exercise of powers common to the Members and for the exercise of additional powers given to a joint powers entity under the Joint Powers Act or any other applicable law, including, but not limited to, the issuance of Bonds for any purpose or activity permitted under the Joint Exercise of Powers Act or any other applicable law. Such purpose will be accomplished and said power exercised in the manner hereinafter set forth.

Section 2. Term.

This Agreement shall become effective in accordance with Section 17 as of the date hereof and shall continue in full force and effect until such time as it is terminated in writing by all the Members; provided, however, that this Agreement shall not terminate or be terminated until all Bonds issued or caused to be issued by the Authority (defined below) shall no longer be outstanding under the terms of the indenture, trust agreement or other instrument pursuant to which such Bonds are issued, or unless a successor to the Authority assumes all of the Authority’s debts, liabilities and obligastions.

Section 3. Authority.

A. CREATION AND POWERS OF AUTHORITY.

Pursuant to the Joint Exercise of Powers Act, there is hereby created a public entity to be known as the “California Municipal Finance Authority” (the “Authority”), and said Authority shall be a public entity separate and apart from the Members. Its

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debts, liabilities and obligations do not constitute debts, liabilities or obligations of any Members.

B. BOARD.

The Authority shall be administered by the Board of Directors (the “Board,” or the “Directors” and each a “Director”) of the California Foundation for Stronger Communities, a nonprofit public benefit corporation organized under the laws of the State of California (the “Foundation”), with each such Director serving in his or her individual capacity as a Director of the Board. The Board shall be the administering agency of this Agreement and, as such, shall be vested with the powers set forth herein, and shall administer this Agreement in accordance with the purposes and functions provided herein. The number of Directors, the appointment of Directors, alternates and successors, their respective terms of office, and all other provisions relating to the qualification and office of the Directors shall be as provided in the Articles and Bylaws of the Foundation, or by resolution of the Board adopted in accordance with the Bylaws of the Foundation.

All references in this Agreement to any Director shall be deemed to refer to and include the applicable alternate Director, if any, when so acting in place of a regularly appointed Director.

Directors may receive reasonable compensation for serving as such, and shall be entitled to reimbursement for any expenses actually incurred in connection with serving as a Director, if the Board shall determine that such expenses shall be reimbursed and there are unencumbered funds available for such purpose.

The Foundation may be removed as administering agent hereunder and replaced at any time by amendment of this Agreement approved as provided in Section 16; provided that a successor administering agent of this Agreement has been appointed and accepted its duties and responsibilities under this Agreement.

C. OFFICERS; DUTIES; OFFICIAL BONDS.

The officers of the Authority shall be the Chair, Vice-Chair, Secretary and Treasurer (defined below). The Board, in its capacity as administering agent of this Agreement, shall elect a Chair, a Vice-Chair, and a Secretary of the Authority from among Directors to serve until such officer is re-elected or a successor to such office is elected by the Board. The Board shall appoint one or more of its officers or employees to serve as treasurer, auditor, and controller of the Authority (the “Treasurer”) pursuant to Section 6505.6 of the Joint Exercise of Powers Act to serve until such officer is re-elected or a successor to such office is elected by the Board.

Subject to the applicable provisions of any resolution, indenture, trust agreement or other instrument or proceeding authorizing or securing Bonds (each such resolution, indenture, trust agreement, instrument and proceeding being herein referred to as an “Indenture”) providing for a trustee or other fiscal agent, and except as may otherwise be

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specified by resolution of the Board, the Treasurer is designated as the depositary of the Authority to have custody of all money of the Authority, from whatever source derived and shall have the powers, duties and responsibilities specified in Sections 6505, 6505.5 and 6509.5 of the Joint Exercise of Powers Act.

The Treasurer of the Authority is designated as the public officer or person who has charge of, handles, or has access to any property of the Authority, and such officer shall file an official bond with the Secretary of the Authority in the amount specified by resolution of the Board but in no event less than $1,000.

The Board shall have the power to appoint such other officers and employees as it may deem necessary and to retain independent counsel, consultants and accountants.

The Board shall have the power, by resolution, to the extent permitted by the Joint Exercise of Power Act or any other applicable law, to delegate any of its functions to one or more of the Directors or officers, employees or agents of the Authority and to cause any of said Directors, officers, employees or agents to take any actions and execute any documents or instruments for and in the name and on behalf of the Board or the Authority.

D. MEETINGS OF THE BOARD.
(1) Ralph M. Brown Act.

All meetings of the Board, including, without limitation, regular, adjourned regular, special, and adjourned special meetings shall be called, noticed, held and conducted in accordance with the provisions of the Ralph M. Brown Act (commencing with Section 54950 of the Government Code of the State of California), or any successor legislation hereinafter enacted (the “Brown Act”).
(2) Regular Meetings.

The Board shall provide for its regular meetings; provided, however, it shall hold at least one regular meeting each year. The date, hour and place of the holding of the regular meetings shall be fixed by resolution of the Board. To the extent permitted by the Brown Act, such meetings may be held by telephone conference.
(3) Special Meetings.

Special meetings of the Board may be called in accordance with the provisions of Section 54956 of the Government Code of the State of California. To the extent permitted by the Brown Act, such meetings may be held by telephone conference.

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(4) Minutes.

The Secretary of the Authority shall cause to be kept minutes of the regular, adjourned regular, special, and adjourned special meetings of the Board and shall, as soon as possible after each meeting, cause a copy of the minutes to be forwarded to each Director.
(5) Quorum.

A majority of the Board shall constitute a quorum for the transaction of business. No action may be taken by the Board except upon the affirmative vote of a majority of the Directors constituting a quorum, except that less than a quorum may adjourn a meeting to another time and place.

E. RULES AND REGULATIONS.

The Authority may adopt, from time to time, by resolution of the Board such rules and regulations for the conduct of its meetings and affairs as may be required.

Section 4. Powers.

The Authority shall have the power, in its own name, to exercise the common powers of the Members and to exercise all additional powers given to a joint powers entity under any of the laws of the State of California, including, but not limited to, the Joint Exercise of Powers Act, for any purpose authorized under this Agreement. Such powers shall include the common powers specified in this Agreement and may be exercised in the manner and according to the method provided in this Agreement. The Authority is hereby authorized to do all acts necessary for the exercise of such power, including, but not limited to, any of all of the following: to make and enter into contracts; to employ agents and employees; to acquire, construct, provide for maintenance and operation of, or maintain and operate, any buildings, works or improvements; to acquire, hold or dispose of property wherever located; to incur debts, liabilities or obligations; to receive gifts, contributions and donations of property, funds, services, and other forms of assistance from person, firms, corporations and any governmental entity; to sue and be sued in its own name; to make grants, loans or provide other financial assistance to governmental and nonprofit organizations (e.g., the Members or the Foundation) to accomplish any of its purposes; and generally to do any and all things necessary or convenient to accomplish its purposes.

Without limiting the generality of the foregoing, the Authority may issue or cause to be issued Bonds, and pledge any property or revenues as security to the extent permitted under the Joint Exercise of Powers Act, or any other applicable provision of law; provided, however, the Authority shall not issue Bonds with respect to any project located in the jurisdiction of one or more Members unless the governing body of any such Member, or its duly authorized representative, shall approve, conditionally or unconditionally, the project, including the issuance of Bonds therefor. Such approval may be evidenced by resolution, certificate, order, report or such other means of written approval of such project as may be selected by the Member (or its authorized representative) whose approval is required. No such approval shall be required in

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connection with Bonds that refund Bonds previously issued by the Authority and approved by the governing board of a Member.

The manner in which the Authority shall exercise its powers and perform its duties is and shall be subject to the restrictions upon the manner in which a California general law city could exercise such powers and perform such duties. The manner in which the Authority shall exercise its powers and perform its duties shall not be subject to any restrictions applicable to the manner in which any other public agency could exercise such powers or perform such duties, whether such agency is a party to this Agreement or not.

Section 5. Fiscal Year.

For the purposes of this Agreement, the term “Fiscal Year” shall mean the fiscal year as established from time to time by resolution of the Board, being, at the date of this Agreement, the period from July 1 to and including the following June 30, except for the first Fiscal Year which shall be the period from the date of this Agreement to June 30, 2004.

Section 6. Disposition of Assets.

At the end of the term hereof or upon the earlier termination of this Agreement as set forth in Section 2, after payment of all expenses and liabilities of the Authority, all property of the Authority both real and personal shall automatically vest in the Members in the manner and amount determined by the Board in its sole discretion and shall thereafter remain the sole property of the Members; provided, however, that any surplus money on hand shall be returned in proportion to the contributions made by the Members.

Section 7. Bonds.

From time to time the Authority shall issue Bonds, in one or more series, for the purpose of exercising its powers and raising the funds necessary to carry out its purposes under this Agreement.

The services of bond counsel, financing consultants and other consultants and advisors working on the projects and/or their financing shall be used by the Authority. The expenses of the Board shall be paid from the proceeds of the Bonds or any other unencumbered funds of the Authority available for such purpose.

Section 8. Bonds Only Limited and Special Obligations of Authority.

The Bonds, together with the interest and premium, if any, thereon, shall not be deemed to constitute a debt of any Member or pledge of the faith and credit of the Members or the Authority. The Bonds shall be only special obligations of the Authority, and the Authority shall under no circumstances be obligated to pay the Bonds except from revenues and other funds pledged therefor. Neither the Members nor the Authority shall be obligated to pay the principal of, premium, if any, or interest on the Bonds, or other costs incidental thereto, except from the revenues and funds pledged therefor, and neither the faith and credit nor the taxing power of the Members nor the faith and credit of the Authority shall be pledged to the payment of the

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principal of, premium, if any, or interest on the Bonds nor shall the Members or the Authority in any manner be obligated to make any appropriation for such payment.

No covenant or agreement contained in any Bond or related document shall be deemed to be a covenant or agreement of any Director, or any officer, employee or agent of the Authority in his or her individual capacity and neither the Board of the Authority nor any Director or officer thereof executing the Bonds shall be liable personally on any Bond or be subject to any personal liability or accountability by reason of the issuance of any Bonds.

Section 9. Accounts and Reports.

All funds of the Authority shall be strictly accounted for. The Authority shall establish and maintain such funds and accounts as may be required by good accounting practice and by any provision of any Indenture (to the extent such duties are not assigned to a trustee of Bonds).

The books and records of the Authority shall be open to inspection at all reasonable times by each Member.

The Treasurer of the Authority shall cause an independent audit to be made of the books of accounts and financial records of the Authority by a certified public accountant or public accountant in compliance with the provisions of Section 6505 of the Joint Exercise of Powers Act. In each case the minimum requirements of the audit shall be those prescribed by the State Controller for special districts under Section 26909 of the Government Code of the State of California and shall conform to generally accepted auditing standards. When such an audit of accounts and records is made by a certified public accountant or public accountant, a report thereof shall be filed as a public record with each Member and also with the county auditor of each county in which a Member is located; provided, however, that to the extent permitted by law, the Authority may, instead of filing such report with each Member and such county auditor, elect to post such report as a public record electronically on a website designated by the Authority. Such report if made shall be filed within 12 months of the end of the Fiscal Year or Years under examination.

The Treasurer is hereby directed to report in writing on the first day of July, October, January, and April of each year to the Board and the Members which report shall describe the amount of money held by the Treasurer for the Authority, the amount of receipts since the last such report, and the amount paid out since the last such report (which may exclude amounts held by a trustee or other fiduciary in connection with any Bonds to the extent that such trustee or other fiduciary provided regular reports covering such amounts.) Any costs of the audit, including contracts with, or employment of, certified public accountants or public accountants in making an audit pursuant to this Section, shall be borne by the Authority and shall be a charge against any unencumbered funds of the Authority available for that purpose.

In any Fiscal Year the Board may, by resolution adopted by unanimous vote, replace the annual special audit with an audit covering a two-year period.

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Section 10. Funds.

Subject to the applicable provisions of any Indenture, which may provide for a trustee or other fiduciary to receive, have custody of and disburse Authority funds, the Treasurer of the Authority shall receive, have the custody of and disburse Authority funds pursuant to the accounting procedures developed under Sections 3.C and 9, and shall make the disbursements required by this Agreement or otherwise necessary to carry out any of the provisions of purposes of this Agreement.

Section 11. Notices.

Notices and other communications hereunder to the Members shall be sufficient if delivered to the clerk of the governing body of each Member; provided, however, that to the extent permitted by law, the Authority may, provide notices and other communications and postings electronically (including, without limitation, through email or by posting to a website).

Section 12. Additional Members/Withdrawal of Members.

Qualifying public agencies may be added as parties to this Agreement and become Members upon: (1) the filing by such public agency with the Authority of an executed counterpart of this Agreement, together with a copy of the resolution of the governing body of such public agency approving this Agreement and the execution and delivery hereof; and (2) adoption of a resolution of the Board approving the addition of such public agency as a Member.

Upon satisfaction of such conditions, the Board shall file such executed counterpart of this Agreement as an amendment hereto, effective upon such filing.

A Member may withdraw from this Agreement upon written notice to the Board; provided, however, that no such withdrawal shall result in the dissolution of the Authority so long as any Bonds remain outstanding. Any such withdrawal shall be effective only upon receipt of the notice of withdrawal by the Board which shall acknowledge receipt of such notice of withdrawal in writing and shall file such notice as an amendment to this Agreement effective upon such filing.

Section 13. Indemnification.

To the full extent permitted by law, the Board may authorize indemnification by the Authority of any person who is or was a Director or an officer, employee of other agent of the Authority, and who was or is a party or is threatened to be made a party to a proceeding by reason of the fact that such person is or was such a Director or an officer, employee or other agent of the Authority, against expenses, including attorneys fees, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with such proceeding, if such person acted in good faith in a manner such person reasonably believed to be in the best interests of the Authority and, in the case of a criminal proceeding, had no reasonable cause to believe the conduct of such person was unlawful and, in the case of an action by or in the right of the Authority, acted with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.

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Section 14. Contributions and Advances.

Contributions or advances of public funds and of the use of personnel, equipment or property may be made to the Authority by the Members for any of the purposes of this Agreement. Payment of public funds may be made to defray the cost of any such contribution or advance. Any such advance may be made subject to repayment, and in such case shall be repaid, in the manner agreed upon by the Authority and the Member making such advance at the time of such advance. It is mutually understood and agreed to that no Member has any obligation to make advances or contributions to the Authority to provide for the costs and expenses of administration of the Authority, even though any Member may do so. The Members understand and agree that a portion of the funds of the Authority that otherwise may be allocated or distributed to the Members may instead be used to make grants, loans or provide other financial assistance to governmental units and nonprofit organizations (e.g., the Foundation) to accomplish any of the governmental unit’s or nonprofit organization's purposes.

Section 15. Immunities.

All of the privileges and immunities from liabilities, exemptions from laws, ordinances and rules, and other benefits which apply to the activity of officers, agents or employees of Members when performing their respective functions within the territorial limits of their respective public agencies, shall apply to the same degree and extent to the Directors, officers, employees, agents or other representatives of the Authority while engaged in the performance of any of their functions or duties under the provisions of this Agreement.

Section 16. Amendments.

Except as provided in Section 12 above, this Agreement shall not be amended, modified, or altered, unless the negative consent of each of the Members is obtained. To obtain the negative consent of each of the Members, the following negative consent procedure shall be followed: (a) the Authority shall provide each Member with a notice at least sixty (60) days prior to the date such proposed amendment is to become effective explaining the nature of such proposed amendment and this negative consent procedure; (b) the Authority shall provide each Member who did not respond a reminder notice with a notice at least thirty (30) days prior to the date such proposed amendment is to become effective; and (c) if no Member objects to the proposed amendment in writing within sixty (60) days after the initial notice, the proposed amendment shall become effective with respect to all Members.

Section 17. Effectiveness.

This Agreement shall become effective and be in full force and effect and a legal, valid and binding obligation of each of the Members on the date that the Board shall have received from two of the Initial Members an executed counterpart of this Agreement, together with a certified copy of a resolution of the governing body of each such Initial Member approving this Agreement and the execution and delivery hereof.

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Section 18. Partial Invalidity.

If any one or more of the terms, provisions, promises, covenants or conditions of this Agreement shall to any extent be adjudged invalid, unenforceable, void or voidable for any reason whatsoever by a court of competent jurisdiction, each and all of the remaining terms, provisions, promises, covenants and conditions of this Agreement shall not be affected thereby, and shall be valid and enforceable to the fullest extent permitted by law.

Section 19. Successors.

This Agreement shall be binding upon and shall inure to the benefit of the successors of the parties hereto. Except to the extent expressly provided herein, no Member may assign any right or obligation hereunder without the consent of the other Members.

Section 20. Miscellaneous.

This Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

The section headings herein are for convenience only and are not to be construed as modifying or governing the language in the section referred to.

Wherever in this Agreement any consent or approval is required, the same shall not be unreasonably withheld.

This Agreement shall be governed under the laws of the State of California.

This Agreement is the complete and exclusive statement of the agreement among the Members, which supercedes and merges all prior proposals, understandings, and other agreements, whether oral, written, or implied in conduct, between and among the Members relating to the subject matter of this Agreement.

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IN WITNESS WHEREOF, the City of La Palma has caused this Agreement to be executed and attested by its duly authorized representatives as of the ___ day of _____________, 2025.

Member:

CITY OF LA PALMA
By
Name:

Title:

ATTEST:

By
Name:

Title:

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Resolution No. 2025-_

Page 1 of 3 ends

RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA

PALMA, CALIFORNIA, APPROVING, AUTHORIZING, AND

DIRECTING EXECUTION OF A JOINT EXERCISE OF POWERS

AGREEMENT RELATING TO THE CALIFORNIA MUNICIPAL

FINANCE AUTHORITY
WHEREAS, pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (the “Act”), certain public agencies (the “Members”) have entered into a Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the “Agreement”) in order to form the California Municipal Finance Authority (the “Authority”), for the purpose of promoting economic, cultural and community development and in order to exercise any powers common to the Members, including the issuance of bonds, notes or other evidences of indebtedness; and
WHEREAS, the City of La Palma, California (the “City”), has determined that it is in the public interest and for the public benefit that the City become a Member of the Authority in order to facilitate the promotion of economic, cultural and community development activities in the City, including the financing of projects therefor by the Authority; and WHEREAS, there is now before this City Council the form of the Agreement;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PALMA, AS FOLLOWS:

SECTION 1. The Agreement is hereby approved and the Mayor or the City Manager is hereby authorized and directed to execute said document, and the City Clerk or such City Clerk’s designee is hereby authorized and directed to attest thereto.

SECTION 2. The executing officers, the Clerk and all other proper officers and officials of the City are hereby authorized and directed to execute such other agreements, documents and certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized.

SECTION 3. The Clerk shall forward a certified copy of this Resolution and an originally executed Agreement to the Authority in care of its counsel:

Ronald E. Lee, Esq.

Jones Hall, APLC
475 Sansome Street, Suite 1700
San Francisco, CA 94111
SECTION 4. This Resolution shall take effect immediately upon its adoption.

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APPROVED AND ADOPTED by the La Palma City Council at a regular meeting on the 4th day of February, 2025.
_______________________________
Mark I. Waldman
Mayor
ATTEST:
_______________________________
Kimberly Kenney, CMC
City Clerk

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Resolution No. 2025-_

Page 3 of 3 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 4th day of February, 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:
_____________________________
Kimberly Kenney, CMC
City Clerk

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Agenda Item No. 9 February 4, 2025 | 1
City of La Palma
Agenda Item No. 9
MEETING DATE: February 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Approval and Ratification of Transition to Cloud-Based ERP System RECOMMENDED ACTION:

It is recommended that the City Council approve and ratify the City Manager’s transition to the cloudbased ERP system.

SUMMARY
Staff was recently informed that the City’s Enterprise Resource Planning (ERP) system, which manages financial data and critical operations, was running on an unsupported server. As a result, the system has been unable to receive essential updates and security patches, posing potential risks to data integrity and cybersecurity. The lack of system updates has already impacted key financial processes, including W-2 and 1099 processing and 2025 tax withholding updates, creating an urgent need for resolution.

To mitigate these risks and ensure compliance with financial and security requirements, the City Manager approved an emergency transition to the vendor’s cloud-based ERP solution. Migrating to the cloud-based system will enhance data security, system reliability, and ongoing support availability, reducing the risk of future disruptions. This transition will result in a net cost increase of $18,000, with payment deferred to the next fiscal year.

FISCAL IMPACT
The transition will result in a net cost increase of $18,000, with payment deferred to the next fiscal year. The ongoing costs will be accounted for in future budget cycles.

ATTACHMENTS:

1. Cloud-Based ERP System Agreement

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1 SOFTWARE AS A SERVICE AGREEMENT
This Software as a Service Agreement is made between Tyler Technologies, Inc. and Client.

WHEREAS, Client selected Tyler to provide certain products and services set forth in the Investment Summary, including providing Client with access to Tyler’s proprietary software products, and Tyler desires to provide such products and services under the terms of this Agreement; NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and promises set forth in this Agreement, Tyler and Client agree as follows:

SECTION A – DEFINITIONS
“Agreement” means this Software as a Service Agreement. “Business Travel Policy” means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.
“Client” means the City of La Palma, California.
“Data” means your data necessary to utilize the Tyler Software. “Data Storage Capacity” means the contracted amount of storage capacity for your Data identified in the Investment Summary.
“Defect” means a failure of the Tyler Software to substantially conform to the functional descriptions set forth in our written proposal to you, or their functional equivalent. Future functionality may be updated, modified, or otherwise enhanced through our maintenance and support services, and the governing functional descriptions for such future functionality will be set forth in our then-current Documentation.
“Defined Users” means the number of users that are authorized to use the SaaS Services. The Defined Users for the Agreement are as identified in the Investment Summary. If Exhibit A contains Enterprise Permitting & Licensing labeled software, defined users mean the maximum number of named users that are authorized to use the Enterprise Permitting & Licensing labeled modules as indicated in the Investment Summary.
“Developer” means a third party who owns the intellectual property rights to Third Party Software.
“Documentation” means any online or written documentation related to the use or functionality of the Tyler Software that we provide or otherwise make available to you, including instructions, user guides, manuals and other training or self-help documentation. “Effective Date” means the date by which both your and our authorized representatives have signed the Agreement.
“Force Majeure” means an event beyond the reasonable control of you or us, including, without limitation, governmental action, war, riot or civil commotion, fire, natural disaster, or any other cause that could not with reasonable diligence be foreseen or prevented by you or us. “Investment Summary” means the agreed upon cost proposal for the products and services attached as Exhibit A.

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2 “Invoicing and Payment Policy” means the invoicing and payment policy. A copy of our current Invoicing and Payment Policy is attached as Exhibit B.
“Order Form” means an ordering document that includes a quote or investment summary and specifying the items to be provided by Tyler to Client, including any addenda and supplements thereto.
“SaaS Fees” means the fees for the SaaS Services identified in the Investment Summary. “SaaS Services” means software as a service consisting of system administration, system management, and system monitoring activities that Tyler performs for the Tyler Software, and includes the right to access and use the Tyler Software, receive maintenance and support on the Tyler Software, including Downtime resolution under the terms of the SLA, and Data storage and archiving. SaaS Services do not include support of an operating system or hardware, support outside of our normal business hours, or training, consulting or other professional services. “SLA” means the service level agreement. A copy of our current SLA is attached hereto as Exhibit C.
“Support Call Process” means the support call process applicable to all of our customers who have licensed the Tyler Software. A copy of our current Support Call Process is attached as Schedule 1 to Exhibit C.
“Third Party Hardware” means the third party hardware, if any, identified in the Investment Summary.
“Third Party Products” means the Third Party Software and Third Party Hardware. “Third Party SaaS Services” means software as a service provided by a third party, if any, identified in the Investment Summary.
“Third Party Services” means the third party services, if any, identified in the Investment Summary.
“Third Party Software” means the third party software, if any, identified in the Investment Summary.
“Third Party Terms” means, if any, the end user license agreement(s) or similar terms for the Third Party Products or other parties’ products or services, as applicable, and attached or indicated at Exhibit D.
“Tyler” means Tyler Technologies, Inc., a Delaware corporation. “Tyler Software” means our proprietary software, including any integrations, custom modifications, and/or other related interfaces identified in the Investment Summary and licensed by us to you through this Agreement.
“we”, “us”, “our” and similar terms mean Tyler.
“you” and similar terms mean Client.

SECTION B – SAAS SERVICES

1. Rights Granted. We grant to you the non-exclusive, non-assignable limited right to use the SaaS Services solely for your internal business purposes for the number of Defined Users only. The Tyler Software will be made available to you according to the terms of the SLA. You acknowledge that we have no delivery obligations and we will not ship copies of the Tyler Software as part of the SaaS Services. You may use the SaaS Services to access updates and enhancements to the Tyler Software, as further described in Section C(9). The foregoing notwithstanding, to the extent we have sold you perpetual licenses for Tyler Software, if and listed in the Investment Summary, for which you are receiving SaaS Services, your rights to use such Tyler Software are perpetual, subject to the terms

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3 and conditions of this Agreement including, without limitation, Section B(4). We will make any such software available to you for download.

2. SaaS Fees. You agree to pay us the SaaS Fees. Those amounts are payable in accordance with our Invoicing and Payment Policy. The SaaS Fees are based on the number of Defined Users and amount of Data Storage Capacity. You may add additional users or additional data storage capacity on the terms set forth in Section H(1). In the event you regularly and/or meaningfully exceed the Defined Users or Data Storage Capacity, we reserve the right to charge you additional fees commensurate with the overage(s).

3. Ownership.

3.1 We retain all ownership and intellectual property rights to the SaaS Services, the Tyler Software, and anything developed by us under this Agreement. You do not acquire under this Agreement any license to use the Tyler Software in excess of the scope and/or duration of the SaaS Services.

3.2 The Documentation is licensed to you and may be used and copied by your employees for internal, non-commercial reference purposes only.

3.3 You retain all ownership and intellectual property rights to the Data. You expressly recognize that except to the extent necessary to carry out our obligations contained in this Agreement, we do not create or endorse any Data used in connection with the SaaS Services.

4. Restrictions. You may not: (a) make the Tyler Software or Documentation resulting from the SaaS Services available in any manner to any third party for use in the third party’s business operations; (b) modify, make derivative works of, disassemble, reverse compile, or reverse engineer any part of the SaaS Services; (c) access or use the SaaS Services in order to build or support, and/or assist a third party in building or supporting, products or services competitive to us; or (d) license, sell, rent, lease, transfer, assign, distribute, display, host, outsource, disclose, permit timesharing or service bureau use, or otherwise commercially exploit or make the SaaS Services, Tyler Software, or Documentation available to any third party other than as expressly permitted by this Agreement.

5. Software Warranty. We warrant that the Tyler Software will perform without Defects during the term of this Agreement. If the Tyler Software does not perform as warranted, we will use all reasonable efforts, consistent with industry standards, to cure the Defect in accordance with the maintenance and support process set forth in Section C(9), below, the SLA and our then current Support Call Process.

6. SaaS Services.

6.1 Our SaaS Services are audited at least yearly in accordance with the AICPA’s Statement on Standards for Attestation Engagements (“SSAE”) No. 21. We have attained, and will maintain, SOC 1 and SOC 2 compliance, or its equivalent, for so long as you are timely paying for SaaS Services. The scope of audit coverage varies for some Tyler Software solutions. Upon execution of a mutually agreeable Non-Disclosure Agreement (“NDA”), we will provide you with a summary of our compliance report(s) or its equivalent. Every year thereafter, for so long as the NDA is in effect and in which you make a written request, we will provide that same

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4 information. If our SaaS Services are provided using a 3rd party data center, we will provide available compliance reports for that data center.

6.2 You will be hosted on shared hardware in a Tyler data center or in a third-party data center. In either event, databases containing your Data will be dedicated to you and inaccessible to our other customers.

6.3 Our Tyler data centers have fully-redundant telecommunications access, electrical power, and the required hardware to provide access to the Tyler Software in the event of a disaster or component failure. In the event of a data center failure, we reserve the right to employ our disaster recovery plan for resumption of the SaaS Services. In that event, we commit to a Recovery Point Objective (“RPO”) of 24 hours and a Recovery Time Objective (“RTO”) of 24 hours. RPO represents the maximum duration of time between the most recent recoverable copy of your hosted Data and subsequent data center failure. RTO represents the maximum duration of time following data center failure within which your access to the Tyler Software must be restored.

6.4 We conduct annual penetration testing of either the production network and/or web application to be performed. We will maintain industry standard intrusion detection and prevention systems to monitor malicious activity in the network and to log and block any such activity. We will provide you with a written or electronic record of the actions taken by us in the event that any unauthorized access to your database(s) is detected as a result of our security protocols. We will undertake an additional security audit, on terms and timing to be mutually agreed to by the parties, at your written request. You may not attempt to bypass or subvert security restrictions in the SaaS Services or environments related to the Tyler Software.

Unauthorized attempts to access files, passwords or other confidential information, and unauthorized vulnerability and penetration test scanning of our network and systems (hosted or otherwise) is prohibited without the prior written approval of our IT Security Officer.

6.5 We test our disaster recovery plan on an annual basis. Our standard test is not client-specific.

Should you request a client-specific disaster recovery test, we will work with you to schedule and execute such a test on a mutually agreeable schedule. At your written request, we will provide test results to you within a commercially reasonable timeframe after receipt of the request.

6.6 We will be responsible for importing back-up and verifying that you can log-in. You will be responsible for running reports and testing critical processes to verify the returned Data.

6.7 We provide secure Data transmission paths between each of your workstations and our servers.

6.8 Tyler data centers are accessible only by authorized personnel with a unique key entry. All other visitors to Tyler data centers must be signed in and accompanied by authorized personnel.

Entry attempts to the data center are regularly audited by internal staff and external auditors to ensure no unauthorized access.

6.9 Where applicable with respect to our applications that take or process card payment data, we are responsible for the security of cardholder data that we possess, including functions relating to storing, processing, and transmitting of the cardholder data and affirm that, as of the

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5 Effective Date, we comply with applicable requirements to be considered PCI DSS compliant and have performed the necessary steps to validate compliance with the PCI DSS. We agree to supply the current status of our PCI DSS compliance program in the form of an official Attestation of Compliance, which can be found at https://www.tylertech.com/aboutus/compliance, and in the event of any change in our status, will comply with applicable notice requirements.

SECTION C – PROFESSIONAL SERVICES

1. Professional Services. We will provide you the various implementation-related services itemized in the Investment Summary.

2. Professional Services Fees. You agree to pay us the professional services fees in the amounts set forth in the Investment Summary. Those amounts are payable in accordance with our Invoicing and Payment Policy. You acknowledge that the fees stated in the Investment Summary are good-faith estimates of the amount of time and materials required for your implementation. We will bill you the actual fees incurred based on the in-scope services provided to you. Any discrepancies in the total values set forth in the Investment Summary will be resolved by multiplying the applicable hourly rate by the quoted hours.

3. Additional Services. The Investment Summary contains the scope of services and related costs (including programming and/or interface estimates) required for the project based on our understanding of the specifications you supplied. If additional work is required, or if you use or request additional services, we will provide you with an addendum or change order, as applicable, outlining the costs for the additional work. The price quotes in the addendum or change order will be valid for thirty (30) days from the date of the quote.

4. Cancellation. If you cancel services less than four (4) weeks in advance (other than for Force Majeure or breach by us), you will be liable for all (a) daily fees associated with cancelled professional services if we are unable to reassign our personnel and (b) any non-refundable travel expenses already incurred by us on your behalf. We will make all reasonable efforts to reassign personnel in the event you cancel within four (4) weeks of scheduled commitments.

5. Services Warranty. We will perform the services in a professional, workmanlike manner, consistent with industry standards. In the event we provide services that do not conform to this warranty, we will re-perform such services at no additional cost to you.

6. Site Access and Requirements. At no cost to us, you agree to provide us with full and free access to your personnel, facilities, and equipment as may be reasonably necessary for us to provide implementation services, subject to any reasonable security protocols or other written policies provided to us as of the Effective Date, and thereafter as mutually agreed to by you and us.

7. Background Checks. For at least the past twelve (12) years, all of our employees have undergone criminal background checks prior to hire. All employees sign our confidentiality agreement and security policies.

8. Client Assistance. You acknowledge that the implementation of the Tyler Software is a cooperative process requiring the time and resources of your personnel. You agree to use all reasonable efforts

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6 to cooperate with and assist us as may be reasonably required to meet the agreed upon project deadlines and other milestones for implementation. This cooperation includes at least working with us to schedule the implementation-related services outlined in this Agreement. We will not be liable for failure to meet any deadlines and milestones when such failure is due to Force Majeure or to the failure by your personnel to provide such cooperation and assistance (either through action or omission).

9. Maintenance and Support. For so long as you timely pay applicable fees according to the Invoicing and Payment Policy, then in addition to the terms set forth in the SLA and the Support Call Process, we will:

9.1 perform our maintenance and support obligations in a professional, good, and workmanlike manner, consistent with industry standards, to resolve Defects in the Tyler Software (subject to any applicable release life cycle policy);

9.2 provide support during our established support hours;

9.3 maintain personnel that are sufficiently trained to be familiar with the Tyler Software and Third Party Software, if any, in order to provide maintenance and support services;

9.4 make available to you all releases to the Tyler Software (including updates and enhancements) that we make generally available without additional charge to customers who have a maintenance and support agreement in effect; and

9.5 provide non-Defect resolution support of prior releases of the Tyler Software in accordance with any applicable release life cycle policy.

We will use all reasonable efforts to perform support services remotely. Currently, we use a third-party secure unattended connectivity tool called Bomgar, as well as GotoAssist by Citrix. Therefore, you agree to maintain a high-speed internet connection capable of connecting us to your PCs and server(s). You agree to provide us with a login account and local administrative privileges as we may reasonably require to perform remote services. We will, at our option, use the secure connection to assist with proper diagnosis and resolution, subject to any reasonably applicable security protocols. If we cannot resolve a support issue remotely, we may be required to provide onsite services. In such event, we will be responsible for our travel expenses, unless it is determined that the reason onsite support was required was a reason outside our control. Either way, you agree to provide us with full and free access to the Tyler Software, working space, adequate facilities within a reasonable distance from the equipment, and use of machines, attachments, features, or other equipment reasonably necessary for us to provide the maintenance and support services, all at no charge to us. We strongly recommend that you also maintain your VPN for backup connectivity purposes.

For the avoidance of doubt, SaaS Fees do not include the following services: (a) onsite support (unless Tyler cannot remotely correct a Defect in the Tyler Software, as set forth above); (b) application design; (c) other consulting services; or (d) support outside our normal business hours as listed in our thencurrent Support Call Process. Requested services such as those outlined in this section will be billed to you on a time and materials basis at our then current rates. You must request those services with at least one (1) week’s advance notice.

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7 SECTION D – THIRD PARTY PRODUCTS

1. Third Party Hardware. We will sell, deliver, and install onsite the Third Party Hardware, if you have purchased any, for the price set forth in the Investment Summary. Those amounts are payable in accordance with our Invoicing and Payment Policy.

2. Third Party Software. As part of the SaaS Services, you will receive access to the Third Party Software and related documentation for internal business purposes only. Your rights to the Third Party Software will be governed by the Third Party Terms.

3. Third Party Products Warranties.

3.1 We are authorized by each Developer to grant access to the Third Party Software.

3.2 The Third Party Hardware will be new and unused, and upon payment in full, you will receive free and clear title to the Third Party Hardware.

3.3 You acknowledge that we are not the manufacturer of the Third Party Products. We do not warrant or guarantee the performance of the Third Party Products. However, we grant and pass through to you any warranty that we may receive from the Developer or supplier of the Third Party Products.

4. Third Party Services. If you have purchased Third Party Services, those services will be provided independent of Tyler by such third-party at the rates set forth in the Investment Summary and in accordance with our Invoicing and Payment Policy.

SECTION E - INVOICING AND PAYMENT; INVOICE DISPUTES

1. Invoicing and Payment. We will invoice you the SaaS Fees and fees for other professional services in the Investment Summary per our Invoicing and Payment Policy, subject to Section E(2).

2. Invoice Disputes. If you believe any delivered software or service does not conform to the warranties in this Agreement, you will provide us with written notice within thirty (30) days of your receipt of the applicable invoice. The written notice must contain reasonable detail of the issues you contend are in dispute so that we can confirm the issue and respond to your notice with either a justification of the invoice, an adjustment to the invoice, or a proposal addressing the issues presented in your notice. We will work with you as may be necessary to develop an action plan that outlines reasonable steps to be taken by each of us to resolve any issues presented in your notice.

You may withhold payment of the amount(s) actually in dispute, and only those amounts, until we complete the action items outlined in the plan. If we are unable to complete the action items outlined in the action plan because of your failure to complete the items agreed to be done by you, then you will remit full payment of the invoice. We reserve the right to suspend delivery of all SaaS Services, including maintenance and support services, if you fail to pay an invoice not disputed as described above within fifteen (15) days of notice of our intent to do so.

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8 SECTION F – TERM AND TERMINATION

1. Term. This Agreement is binding when signed. The initial term of this Agreement is equal to the number of years indicated for SaaS Services in Exhibit A, commencing on July 1, 2025, unless earlier terminated as set forth below. If no duration is indicated in Exhibit A, the initial term is one (1) year.

Upon expiration of the initial term, this Agreement will renew automatically for additional one (1) year renewal terms at our then-current SaaS Fees unless terminated in writing by either party at least sixty (60) days prior to the end of the then-current renewal term. Your right to access or use the Tyler Software and the SaaS Services will terminate at the end of this Agreement.

2. Termination. This Agreement may be terminated as set forth below. In the event of termination, you will pay us for all undisputed fees and expenses related to the software, products, and/or services you have received, or we have incurred or delivered, prior to the effective date of termination. Disputed fees and expenses in all terminations other than your termination for cause must have been submitted as invoice disputes in accordance with Section E(2).

2.1 Failure to Pay SaaS Fees. You acknowledge that continued access to the SaaS Services is contingent upon your timely payment of SaaS Fees. If you fail to timely pay the SaaS Fees, we may discontinue the SaaS Services and deny your access to the Tyler Software. We may also terminate this Agreement if you don’t cure such failure to pay within forty-five (45) days of receiving written notice of our intent to terminate.

2.2 For Cause. If you believe we have materially breached this Agreement, you will invoke the Dispute Resolution clause set forth in Section H(3). You may terminate this Agreement for cause in the event we do not cure, or create a mutually agreeable action plan to address, a material breach of this Agreement within the thirty (30) day window set forth in Section H(3).

2.3 Force Majeure. Either party has the right to terminate this Agreement if a Force Majeure event suspends performance of the SaaS Services for a period of forty-five (45) days or more.

2.4 Lack of Appropriations. If you should not appropriate or otherwise make available funds sufficient to utilize the SaaS Services, you may unilaterally terminate this Agreement upon thirty (30) days written notice to us. You will not be entitled to a refund or offset of previously paid, but unused SaaS Fees. You agree not to use termination for lack of appropriations as a substitute for termination for convenience.

SECTION G – INDEMNIFICATION, LIMITATION OF LIABILITY AND INSURANCE

1. Intellectual Property Infringement Indemnification.

1.1 We will defend you against any third party claim(s) that the Tyler Software or Documentation infringes that third party’s patent, copyright, or trademark, or misappropriates its trade secrets, and will pay the amount of any resulting adverse final judgment (or settlement to which we consent). You must notify us promptly in writing of the claim and give us sole control over its defense or settlement. You agree to provide us with reasonable assistance, cooperation, and information in defending the claim at our expense.

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9 1.2 Our obligations under this Section G(1) will not apply to the extent the claim or adverse final judgment is based on your use of the Tyler Software in contradiction of this Agreement, including with non-licensed third parties, or your willful infringement.

1.3 If we receive information concerning an infringement or misappropriation claim related to the Tyler Software, we may, at our expense and without obligation to do so, either: (a) procure for you the right to continue its use; (b) modify it to make it non-infringing; or (c) replace it with a functional equivalent, in which case you will stop running the allegedly infringing Tyler Software immediately. Alternatively, we may decide to litigate the claim to judgment, in which case you may continue to use the Tyler Software consistent with the terms of this Agreement.

1.4 If an infringement or misappropriation claim is fully litigated and your use of the Tyler Software is enjoined by a court of competent jurisdiction, in addition to paying any adverse final judgment (or settlement to which we consent), we will, at our option, either: (a) procure the right to continue its use; (b) modify it to make it non-infringing; or (c) replace it with a functional equivalent. This section provides your exclusive remedy for third party copyright, patent, or trademark infringement and trade secret misappropriation claims.

2. General Indemnification.

2.1 We will indemnify and hold harmless you and your agents, officials, and employees from and against any and all third-party claims, losses, liabilities, damages, costs, and expenses (including reasonable attorney's fees and costs) for (a) personal injury or property damage to the extent caused by our negligence or willful misconduct; or (b) our violation of PCI-DSS requirements or a law applicable to our performance under this Agreement. You must notify us promptly in writing of the claim and give us sole control over its defense or settlement. You agree to provide us with reasonable assistance, cooperation, and information in defending the claim at our expense.

2.2 To the extent permitted by applicable law, you will indemnify and hold harmless us and our agents, officials, and employees from and against any and all third-party claims, losses, liabilities, damages, costs, and expenses (including reasonable attorney's fees and costs) for (a) personal injury or property damage to the extent caused by your negligence or willful misconduct; or (b) your violation of a law applicable to your performance under this Agreement.

We will notify you promptly in writing of the claim and will give you sole control over its defense or settlement. We agree to provide you with reasonable assistance, cooperation, and information in defending the claim at your expense.

3. DISCLAIMER. EXCEPT FOR THE EXPRESS WARRANTIES PROVIDED IN THIS AGREEMENT AND TO

THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE HEREBY DISCLAIM ALL OTHER

WARRANTIES AND CONDITIONS, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING, BUT

NOT LIMITED TO, ANY IMPLIED WARRANTIES, DUTIES, OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. CLIENT UNDERSTANDS AND AGREES THAT TYLER DISCLAIMS ANY LIABILITY FOR ERRORS THAT RELATE TO USER ERROR.

4. LIMITATION OF LIABILITY. NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH IN THIS

AGREEMENT, OUR LIABILITY FOR DAMAGES ARISING OUT OF THIS AGREEMENT, WHETHER BASED

ON A THEORY OF CONTRACT OR TORT, INCLUDING NEGLIGENCE AND STRICT LIABILITY, SHALL BE

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La Palma City CouncilFebruary 4, 2025

La Palma City Council
February 4, 2025