Agenda packet — La Quinta City Council, December 17, 2024 (part 1 of 2)

CITY COUNCIL AGENDA Page 1 of 8 DECEMBER 17, 2024

CITY COUNCIL
AGENDA

CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
REGULAR MEETING ON TUESDAY, DECEMBER 17, 2024
3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION
Members of the public may listen to this meeting by tuning-in live via www.laquintaca.gov/livemeetings.

CALL TO ORDER
ROLL CALL: Councilmembers: Fitzpatrick, McGarrey, Peña, Sanchez, and Mayor Evans

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the agenda.

The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)].

CONFIRMATION OF AGENDA

CLOSED SESSION

1. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9;
CASES NAMES AND NUMBERS – MULTIPLE (listed below, all in U.S. Bankruptcy Court, District of Delaware)
CASE NAME: CASE NUMBER
SilverRock Development Company, LLC 24-11647
SilverRock Lifestyle Residences, LLC 24-11648
SilverRock Lodging, LLC 24-11650
SilverRock Luxury Residences, LLC 24-11652
SilverRock Phase I, LLC 24-11654
RGC PA 789, LLC 24-11657
City Council agendas and staff reports
are available on the City’s
web page: www.LaQuintaCA.gov
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CITY COUNCIL AGENDA Page 2 of 8 DECEMBER 17, 2024

RECESS TO CLOSED SESSION
RECONVENE AT 4:00 P.M.

REPORT ON ACTION(S) TAKEN IN CLOSED SESSION

PLEDGE OF ALLEGIANCE

ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS

1. TALUS DEVELOPMENT PROJECT (FORMERLY SILVERROCK) – STATUS UPDATE

2. RECOGNIZE DISTINGUISHED CITIZEN AWARD RECIPIENTS

CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.

PAGE

1. ADOPT ORDINANCE NO. 619 ON SECOND READING AMENDING CHAPTER

3.25 OF THE LA QUINTA MUNICIPAL CODE RELATED TO SHORT-TERM

VACATION RENTALS
9 2. ADOPT RESOLUTION DECLARING ASSESSOR PARCEL NUMBER 600-020- 057 LOCATED IN THE CITY OF LA QUINTA, CALIFORNIA AS SURPLUS LAND; CEQA: EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO SECTION 15312 OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT [RESOLUTION NO. 2024-047]
35 3. APPROVE AMENDMENT NO. 3 TO AGREEMENT FOR CONTRACT

SERVICES WITH VINTAGE ELECTRIC FOR ON-CALL ELECTRICAL

SERVICES
41 4. APPROVE AMENDMENT NO. 3 TO REIMBURSEMENT AGREEMENT WITH

COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS FOR DUNE
PALMS ROAD BRIDGE IMPROVEMENT PROJECT NO. 2011-05
47 5. ACCEPT SPORTS COMPLEX LIGHTING REPLACEMENT PROJECT NO. 2022-04, LOCATED AT THE LA QUINTA SPORTS COMPLEX ON PARK AVENUE
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CITY COUNCIL AGENDA Page 3 of 8 DECEMBER 17, 2024
59 63
67 71
73 75
77 79
85 93
181

6. ACCEPT CITY HALL ROOF REPAIR PROJECT NO. 2023-32, LOCATED AT

THE CITY OF LA QUINTA CITY HALL

7. ACCEPT EISENHOWER BASIN SLOPE REPAIR PROJECT NO. 2023-22,

LOCATED ON THE WEST SIDE OF EISENHOWER DRIVE BETWEEN

AVENIDA FERNANDO AND COACHELLA DRIVE

8. APPROVE: (1) TRANSFER OF FUNDS AND PROJECT NO. 2023-01 FROM AVENUE 58 IMPROVEMENTS TO MILES AVENUE PAVEMENT
REHABILITATION; AND (2) PLANS, SPECIFICATIONS, ENGINEER’S

ESTIMATE, AND ADVERTISE FOR BID THE MILES AVENUE PAVEMENT

REHABILITATION PROJECT

9. AUTHORIZE OVERNIGHT TRAVEL FOR CITY CLERK ADMINISTRATIVE

TECHNICIAN TO ATTEND THE CITY CLERK'S ASSOCIATION OF
CALIFORNIA “NUTS AND BOLTS” WORKSHOP IN BREA, CALIFORNIA, FEBRUARY 6-7, 2025

10. AUTHORIZE OVERNIGHT TRAVEL FOR HUMAN RESOURCES DEPUTY

DIRECTOR AND HUMAN RESOURCES TECHNICIAN TO ATTEND THE
PUBLIC AGENCY RISK MANAGEMENT ASSOCIATION 2025 CONFERENCE IN ANAHEIM, CALIFORNIA, FEBRUARY 23-26, 2025

11. AUTHORIZE OVERNIGHT TRAVEL FOR HUMAN RESOURCES DEPUTY

DIRECTOR TO ATTEND THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY 2025 SUPERVISOR ACADEMY CONFERENCE IN SAN DIEGO, CALIFORNIA, JANUARY 13-16, 2025

12. EXCUSE ABSENCE OF COMMISSIONER PALTIN FROM DECEMBER 11, 2024, QUARTERLY HOUSING COMMISSION MEETING

13. APPROVE RECIPIENT OF THE 2025 LA QUINTA SENIOR INSPIRATION AWARD

14. RECEIVE AND FILE FISCAL YEAR 2023/24 MEASURE G SALES TAX

COMPLIANCE REPORT

15. RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2024

16. RECEIVE AND FILE REVENUE EXPENDITURE REPORT DATED JUNE 30, 2024

17. APPROVE DEMAND REGISTERS DATED NOVEMBER 15, 22, AND DECEMBER 6, 2024
187
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CITY COUNCIL AGENDA Page 4 of 8 DECEMBER 17, 2024

18. RECEIVE AND FILE FISCAL YEAR 2023/24 DEVELOPMENT PROJECT FEE REPORT
215

19. RECEIVE AND FILE FISCAL YEAR 2023/24 ART IN PUBLIC PLACES ANNUAL REPORT
229

20. ADOPT RESOLUTION AND APPROVE MEMORANDUM OF

UNDERSTANDING WITH RIVERSIDE COUNTY OBLIGATING AND

ALLOCATING AMERICAN RESCUE PLAN ACT CORONAVIRUS STATE AND LOCAL RECOVERY FUNDS [RESOLUTION NO. 2024-048]
233

BUSINESS SESSION
PAGE

1. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH SOUTHSTAR ENGINEERING AND CONSULTING, INC. TO PROVIDE CONSTRUCTION MANAGEMENT AND INSPECTION SERVICES FOR HIGHWAY 111
REHABILITATION PROJECT NO. 2022-25
241

2. APPROVE THE PURCHASE OF A LIBRARY RESOURCE VAN 281
STUDY SESSION – None
PUBLIC HEARINGS – None

DEPARTMENTAL REPORTS
PAGE

1. CITY MANAGER

2. CITY ATTORNEY

3. CITY CLERK

4. COMMUNITY SERVICES

5. DESIGN AND DEVELOPMENT

6. FINANCE

7. PUBLIC SAFETY
A. CODE COMPLIANCE QUARTERLY REPORT JULY – SEPTEMBER 2024 303 B. POLICE QUARTERLY REPORT JULY – SEPTEMBER 2024 305
C. FIRE QUARTERLY REPORT JULY – SEPTEMBER 2024 309

8. PUBLIC WORKS BIANNUAL REPORT APRIL – SEPTEMBER 2024 311 MAYOR’S AND COUNCIL MEMBERS’ ITEMS

REPORTS AND INFORMATIONAL ITEMS

1. CVAG CONSERVATION COMMISSION (Evans)

2. CVAG ENERGY AND SUSTAINABILITY COMMITTEE (Evans)

3. CVAG EXECUTIVE COMMITTEE (Evans)

4. VISIT GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) CLICK HERE to Return to Agenda
CITY COUNCIL AGENDA Page 5 of 8 DECEMBER 17, 2024

5. IMPERIAL IRRIGATION DISTRICT – COACHELLA VALLEY ENERGY COMMISSION (Evans)

6. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans)

7. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans)

8. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans)

9. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Evans)

10. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick)

11. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Evans & Sanchez)

12. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & McGarrey)

13. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Peña)

14. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick)

15. CVAG TRANSPORTATION COMMITTEE (Fitzpatrick)

16. COACHELLA VALLEY MOUNTAINS CONSERVANCY (McGarrey)

17. LEAGUE OF CALIFORNIA CITIES – ENVIRONMENTAL QUALITY POLICY COMMITTEE (McGarrey)

18. LEAGUE OF CALIFORNIA CITIES – EXECUTIVE COMMITTEE RIVERSIDE COUNTY DIVISION (McGarrey)

19. CANNABIS AD HOC COMMITTEE (Peña & Sanchez)

20. CVAG PUBLIC SAFETY COMMITTEE (Peña)

21. CVAG HOMELESSNESS COMMITTEE (Peña)

22. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Peña)

23. SUNLINE TRANSIT AGENCY (Peña)

24. ANIMAL CAMPUS COMMISSION (Sanchez)

25. LEAGUE OF CALIFORNIA CITIES – PUBLIC SAFETY COMMITTEE (Sanchez)

26. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez)

27. ART PURCHASE COMMITTEE (Sanchez & McGarrey)

28. CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Sanchez)

29. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS REGIONAL COUNCIL (Sanchez)

30. FINANCIAL ADVISORY COMMISSION MEETING MINUTES OF NOVEMBER 13, 2024
319

31. HOUSING COMMISSION MEETING MINUTES OF SEPTEMBER 11, 2024 323

32. ARTS AND COMMUNITY SERVICES COMMISSION MEETING MINUTES OF OCTOBER 14, 2024
327

ADJOURNMENT
*********************************
The next regular meeting of the City Council will be held on January 21, 2025, at 4:00 p.m. at the City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253.

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CITY COUNCIL AGENDA Page 6 of 8 DECEMBER 17, 2024

DECLARATION OF POSTING
I, Monika Radeva, City Clerk of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council meeting was posted on the City’s website, near the entrance to the Council Chamber at 78495 Calle Tampico, and the bulletin board at the La Quinta Cove Post Office at 51321 Avenida Bermudas, on December 13, 2024.

DATED: December 13, 2024
MONIKA RADEVA, City Clerk
City of La Quinta, California
Public Notices
 Agenda packet materials are available for public inspection: 1) at the Clerk’s Office at La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and 2) on the City’s website at www.laquintaca.gov/councilagendas, in accordance with the Brown Act [Government Code § 54957.5; AB 2647 (Stats. 2022, Ch. 971)].  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-7123, 24- hours in advance of the meeting and accommodations will be made.  If background material is to be presented to the City Council during a City Council meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution. It is requested that this takes place prior to the beginning of the meeting.

PUBLIC COMMENTS - INSTRUCTIONS
Members of the public may address the City Council on any matter listed or not listed on the agenda as follows:

WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the City Clerk, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to [email protected], no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to Council, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Mayor, a brief summary of public comments is asked to be reported.

If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter.

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CITY COUNCIL AGENDA Page 7 of 8 DECEMBER 17, 2024

VERBAL PUBLIC COMMENTS can be provided in-person during the meeting by completing a “Request to Speak” form and submitting it to the City Clerk; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Mayor.

In accordance with City Council Resolution No. 2022-027, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the City Clerk by completing a “Request to Speak” form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments.

Verbal public comments are defined as comments provided in the speakers’ own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Mayor.

Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the City Clerk to be disseminated to the City Council, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Mayor.

All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.].

TELECONFERENCE ACCESSIBILITY – INSTRUCTIONS
Teleconference accessibility may be triggered in accordance with AB 2449 (Stats. 2022, Ch. 285), codified in the Brown Act [Government Code § 54953], if a member of the City Council requests to attend and participate in this meeting remotely due to “just cause” or “emergency circumstances,” as defined, and only if the request is approved. In such instances, remote public accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this Agenda.
*** TELECONFERENCE PROCEDURES***

APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT Pursuant to Government Code § 54953(f) [AB 2449, Stats. 2022, Ch. 285, Rubio].

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CITY COUNCIL AGENDA Page 8 of 8 DECEMBER 17, 2024

Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the Mayor; the City will facilitate the ability for a member of the public to be audible to the City Council and general public and allow him/her/them to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Mayor, in order to become audible to the City Council and the public.

Only one person at a time may speak by teleconference and only after being recognized by the Mayor.

ZOOM LINK: https://us06web.zoom.us/j/86171130130
Meeting ID: 861 7113 0130
Or join by phone: (253) 215 – 8782
Written public comments – can be provided in person during the meeting or emailed to the City Clerk’s Office at [email protected] any time prior to the adjournment of the meeting, and will be distributed to the City Council, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Mayor, a brief summary of any public comment is asked to be read, to the extent the City Clerk’s Office can accommodate such request.

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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: ADOPT ORDINANCE NO. 619 ON SECOND READING AMENDING CHAPTER 3.25 OF THE LA QUINTA MUNICIPAL CODE RELATED TO SHORT-TERM

VACATION RENTALS

RECOMMENDATION
Adopt Ordinance No. 619 on second reading.

EXECUTIVE SUMMARY
 Staff periodically reviews Chapter 3.25 of the La Quinta Municipal Code related to Short-Term Vacation Rental (STVR) Program code and proposes amendments to update or clarify requirements and regulations as needed.  On December 3, 2024, Council introduced Ordinance No. 619 for first reading to add definitions for “multi-unit lock-off STVR unit” and ”subtenant” and to amend sections to Chapter 3.25 to better align the language with existing processes and/or to ensure language clarity and consistency.

FISCAL IMPACT – None.

BACKGROUND AND ANALYSIS
Staff periodically reviews Chapter 3.25 of the La Quinta Municipal Code related to the STVR program code and proposes amendments to update or clarify requirements and regulations as needed.

The items below provide a general summary of the code additions and amendments to Chapter 3.25 introduced for first reading of Ordinance No. 619 at the December 3, 2024, Council meeting:

1. Section 3.25.030 – Definitions – add definitions for “multi-unit lock-off STVR unit” and “Subtenant”
At the November 19, 2024, meeting Council adopted Resolution No. 2024-041 approving updated STVR permit fees and introducing a new “multi-unit lock-off STVR unit” permit type for which this code amendment would provide a definition.

Additionally, “subtenant” is being defined to explicitly state that any rental activity of a privately owned dwelling, regardless of whether it was directly rented or sub-rented by the CONSENT CALENDAR ITEM NO. 1
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occupant(s), for 30-days or less constitutes an STVR rental and is subject to the STVR program requirements and regulations.

The revisions of Section 3.25.070, subsections (B), (M), and (T) ensure consistency of the existing code with these new definitions.

2. Section 3.25.060 – STVR permit – Application requirements – subsection (C) is amended to establish eligibility and specific requirements for conversion of existing rooms within a dwelling into bedrooms to be counted towards the total number of approved bedrooms under the STVR permit.

3. Miscellaneous minor revisions throughout Chapter 3.25 are proposed to better align the language with existing processes and/or to ensure language clarity and consistency.

ALTERNATIVES
As Council introduced this ordinance at first reading, staff does not recommend an alternative.

Prepared by: Monika Radeva, City Clerk
Approved by: Jon McMillen, City Manager
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ORDINANCE NO. 619

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

LA QUINTA, CALIFORNIA, ADDING SECTIONS AND
AMENDING SECTIONS OF CHAPTER 3.25 OF THE LA

QUINTA MUNICIPAL CODE RELATED TO SHORT-TERM

VACATION RENTALS
WHEREAS, Chapter 3.25 of the La Quinta Municipal Code (LQMC) relates to short-term vacation rentals, including permitted uses, short-term vacation rental process and permitting procedures, requirements, violations, fines, etc.; and WHEREAS, the City has the authority to regulate residential uses, including shortterm vacation renal uses, operating within the City; and WHEREAS, the proposed additions and amendments to Chapter 3.25 are intended to:

Additionally, “subtenant” is being defined to explicitly state that any rental activity of a privately owned dwelling, regardless of whether it was directly rented or sub-rented by the occupant(s), for 30-days or less constitutes an STVR rental and is subject to the STVR program requirements and regulations.

The revisions of Section 3.25.070, subsections (B), (M), and (T) ensure consistency of the existing code with these new definitions.

3. Miscellaneous minor revisions throughout Chapter 3.25 are proposed to align the language with existing processes and/or to ensure language clarity and consistency.

NOW, THEREFORE, the City Council of the City of La Quinta does ordain as follows:
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Ordinance No. 619
Chapter 3.25 Short-Term Vacation Rentals – Additions and Amendments Adopted: December 17, 2024

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SECTION 1. Chapter 3.25 shall be amended as written in “Exhibit A” attached hereto and incorporated herein by this reference.

SECTION 2. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption.

SECTION 3. POSTING: The City Clerk shall, within 15 days after passage of this Ordinance, cause it to be posted in at least three public places designated by resolution of the City Council, shall certify to the adoption and posting of this Ordinance, and shall cause this Ordinance and its certification, together with proof of posting to be entered into the permanent record of Ordinances of the City of La Quinta.

SECTION 4. CORRECTIVE AMENDMENTS: the City Council does hereby grant the City Clerk the ability to make minor amendments and corrections of typographical or clerical errors to “Exhibit A” to ensure consistency of all approved text amendments prior to the publication in the La Quinta Municipal Code.

SECTION 5. SEVERABILITY: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Ordinance is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more section, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional.

PASSED, APPROVED and ADOPTED, at a regular meeting of the La Quinta City Council held this 17th day of December, 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________
LINDA EVANS, Mayor
City of La Quinta, California
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Ordinance No. 619
Chapter 3.25 Short-Term Vacation Rentals – Additions and Amendments Adopted: December 17, 2024

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ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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Title 3 - REVENUE AND FINANCE
Chapter 3.25 SHORT-TERM VACATION RENTALS
La Quinta, California, Municipal Code Created: 2024-10-10 15:45:28 [EST] (Supp. No. 6, Update 1 )

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Chapter 3.25 SHORT-TERM VACATION RENTALS

3.25.010 Title.

This chapter shall be referred to as the "Short-Term Vacation Rental Regulations." (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.020 Purpose.

A. The purpose of this chapter is to establish regulations for the use of privately owned residential dwellings as short-term vacation rentals that ensure the collection and payment of transient occupancy taxes (TOT) as provided in Chapter 3.24 of this code, and minimize the negative secondary effects of such use on surrounding residential neighborhoods.

B. This chapter is not intended to provide any owner of residential property with the right or privilege to violate any private conditions, covenants and restrictions applicable to the owner's property that may prohibit the use of such owner's residential property for short-term vacation rental purposes as defined in this chapter.

C. The requirements of this chapter shall be presumed to apply to any residential dwelling that has received a short-term vacation rental permit. A rebuttable presumption arises that, whenever there is an occupant(s), paying rent or not, of a residential dwelling that has received a short-term vacation rental permit, the requirements of this chapter shall apply, including but not limited to any suspension or other modifications imposed on a short-term vacation rental permit as set forth in this chapter. The city manager or authorized designee shall have the authority to implement any necessary or appropriate policies and procedures to apply the rebuttable presumption set forth in this section. (Ord. No. 607, Exh. A, 12-5-2023; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.030 Definitions.

For purposes of this chapter, the following words and phrases shall have the meaning respectively ascribed to them by this section:
"Advertise,""advertisement,""advertising,""publish," and "publication" mean any and all means, whether verbal or written, through any media whatsoever whether in use prior to, at the time of, or after the enactment of the ordinance adding this definition, used for conveying to any member or members of the public the ability or availability to rent a short-term vacation rental unit as defined in this section, or used for conveying to any member or members of the public a notice of an intention to rent a short-term vacation rental unit as defined in this section. For purposes of this definition, the following media are listed as examples, which are not and shall not be construed as exhaustive: verbal or written announcements by proclamation or outcry, newspaper advertisement, magazine advertisement, handbill, written or printed notice, printed or poster display, billboard display, e-mail or other electronic/digital messaging platform, electronic commerce/commercial Internet websites, and any and all other electronic media, television, radio, satellite-based, or Internet website. "Applicable laws, rules and regulations" means any laws, rules, regulations and codes (whether local, state or federal) pertaining to the use and occupancy of a privately owned dwelling unit as a short-term vacation rental.

Ordinance No. 619
Chapter 3.25 Short-Term Vacation Rentals – Additions and Amendments Adopted: December 17, 2024

EXHIBIT A
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Created: 2024-10-10 15:45:28 [EST]
(Supp. No. 6, Update 1 )

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"Applicant" means the owner of the short-term vacation rental unit. "Authorized agent or representative" means a designated agent or representative who is appointed by the owner and is also responsible for compliance with this chapter with respect to the short-term vacation rental unit. "Booking transaction" means any reservation or payment service provided by a person or entity who facilitates a home-sharing or vacation rental (including short-term vacation rental) transaction between a prospective occupant and an owner or owner's authorized agent or representative. "City manager" means that person acting in the capacity of the city manager for the City of La Quinta or authorized designee.
"Declaration of non-use" means the declaration described in Section 3.25.050. "Dwelling" has the same meaning as set forth in Section 9.280.030 (or successor provision, as may be amended from time to time) of this code; "dwelling" does not include any impermanent, transitory, or mobile means of temporary lodging, including but not limited to mobile homes, recreational vehicles (RVs), car trailers, and camping tents.
"Estate home" is defined as a single-family detached residence with five (5) or more bedrooms, subject to evaluation criteria and inspection of the property pursuant to Section 3.25.060(D)(1). An estate home is a sub-type of short-term vacation rental unit and shall be subject to a general short-term vacation rental permit, primary residence short-term vacation rental permit, or homeshare short-term vacation rental permit, as applicable, pursuant to this chapter.
"General short-term vacation rental permit" is a type of short-term vacation rental permit that is neither a homeshare short-term vacation rental permit nor a primary residence short-term vacation rental permit. "Good neighbor brochure" means a document prepared by the city that summarizes the general rules of conduct, consideration, and respect, including, without limitation, provisions of this code and other applicable laws, rules or regulations pertaining to the use and occupancy of short-term vacation rental units. "Homeshare short-term vacation rental permit" is a type of short-term vacation rental permit whereby the owner hosts visitors in the owner's dwelling, for compensation, for periods of thirty (30) consecutive calendar days or less, while the owner lives on-site and in the dwelling, throughout the visiting occupant's stay. "Hosting platform" means a person or entity who participates in the home-sharing or vacation rental (including short-term vacation rental) business by collecting or receiving a fee, directly or indirectly through an agent or intermediary, for conducting a booking transaction using any medium of facilitation, including but not limited to the Internet.
"Large lot" means a single "parcel," as defined in Section 9.280.030 (or successor provision, as may be amended from time to time) of this code, that meets all of the criteria set forth in subsection (A) of Section 3.25.057. "Local contact person" means the person designated by the owner or the owner's authorized agent or representative who shall be available twenty-four (24) hours per day, seven (7) days per week with the ability to respond to the location within thirty (30) minutes for the purpose of: (1) taking remedial action to resolve any complaints; and (2) responding to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit. A designated local contact person must obtain a business license otherwise required by Sections 3.24.060 and 3.28.020 (or successor provisions, as may be amended from time to time) of this code.
"Management company" means any individual or entity, whether for profit or nonprofit, and regardless of entity type, such as a limited liability company, corporation, or sole proprietorship, that is retained by an owner to be the owner's authorized agent or representative, or is the owner of a short-term vacation rental unit subject to this chapter, and is engaged in or represents itself to be engaged in the business of managing real property. 15 CLICK HERE to Return to Agenda
Created: 2024-10-10 15:45:28 [EST]
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“Multi-unit lock-off STVR unit" means a specific design and construction of a single-family detached dwelling or multi-family attached unit(s) dwelling, which construction is designed to allow sections of such dwelling to be locked-off and separated into individual stand-alone units and meets one (1) or more of the exemptions set forth in Section 3.25.055. The design and construction of a multi-unit lock-off STVR unit provides at a minimum for:
a) independent living facilities within the space secured by a lock-off door(s), b) separate access to the exterior area(s) and public right of way without the need to enter or walk through the primary living area of the dwelling or other lock-off STVR units, and c) permanent provisions for sleeping and sanitation (bathroom) within the space secured by a lock-off door(s).

Examples of multi-unit lock-off STVR units include a dwelling that has “hotel- or motel-like” exterior access door(s) and interior security door(s) that can be secured from either side between two stand-alone units where each stand-alone unit has the ability to secure itself from the other adjacent unit; or, a two-story dwelling (such as a two-story duplex) in which the first floor and second floor are separate lock-off STVR units, and the first and second floors each have their own independent exterior access to the exterior areas and public right of way. A multi-unit lock-off STVR unit is a sub-type of short-term vacation rental unit and shall be subject to a general shortterm vacation rental permit or primary residence short-term vacation rental permit, as applicable, pursuant to this chapter.
"Notice of permit modification, suspension or revocation" means the notice the city may issue to an applicant, authorized agent or representative, local contact person, occupant, owner, responsible person, or any other person or entity authorized to be issued such notice under this code for a short-term vacation rental unit, upon a determination by the city of a violation of this chapter or other provisions of this code relating to authorized uses of property subject to this chapter.
"Occupant" means any person(s) occupying the dwelling at any time. "Owner" means the person(s) or entity(ies) that hold(s) legal and/or equitable title to the subject short-term vacation rental unit.
"Primary residence" means a dwelling where an owner spends the majority of the calendar year on the property used as a short-term vacation rental unit, and the property is identified in the Riverside County assessor's record as the owner's primary residence.
"Primary residence short-term vacation rental permit" is a type of short-term vacation rental permit whereby the short-term vacation rental unit is the owner's primary residence, as defined herein in this section. "Property" means a residential legal lot of record on which a short-term vacation rental unit is located. "Qualified and certified large lot" has the meaning as set forth in Section 3.25.057. "Rent" has the same meaning as set forth in Section 3.24.020 (or successor provision, as may be amended from time to time) of this code.
"Rental agreement" means a written or verbal agreement for use and occupancy of a privately-owned residential dwelling that has been issued a short-term vacation rental permit, including a dwelling that may have a permit which has been or is under suspension.
"Responsible person" means the signatory of an agreement for the rental, use and occupancy of a short-term vacation rental unit, and/or any person(s) occupying the short-term vacation rental unit without a rental agreement, including the owner(s), owner's authorized agent(s) or representative(s), local contact(s), and their guests, who shall be an occupant of that short-term vacation rental unit, who is at least twenty-one (21) years of age, and who is legally responsible for ensuring that all occupants of the short-term vacation rental unit and/or their guests comply with all applicable laws, rules and regulations pertaining to the use and occupancy of the subject short-term vacation rental unit.
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"Short-term vacation rental permit" means a permit that permits the use of a privately owned residential dwelling as a short-term vacation rental unit pursuant to the provisions of this chapter, and which incorporates by consolidation a transient occupancy permit and a business license otherwise required by Sections 3.24.060 and

3.28.020 (or successor provisions, as may be amended from time to time) of this code. A short-term vacation rental permit is one (1) of the following types: (1) general short-term vacation rental permit, (2) primary residence short-term vacation rental permit, or (3) homeshare short-term vacation rental permit, as defined in this section. "Short-term vacation rental unit" means a privately owned residential dwelling, such as, but not limited to, a single-family detached or multiple-family attached unit, apartment house, condominium, cooperative apartment, duplex, or any portion of such dwellings and/or property and/or yard features appurtenant thereto, rented for occupancy and/or occupied for dwelling, lodging, or any transient use, including but not limited to sleeping overnight purposes for a period of thirty (30) consecutive calendar days or less, counting portions of calendar days as full days, by any person(s) with or without a rental agreement. "STVR" may be used by city officials as an abbreviation for "short-term vacation rental." “Subtenant” means any person subject to, or claiming to be subject to, an arrangement in which a privately owned residential dwelling, rented to a lawful occupant, is in turn sub-rented or sub-leased by that lawful occupant to another person or third party, where said arrangement allows for the use and/or occupancy of the dwelling, whether or not said arrangement is with or without a rental agreement. "Suspension" means that short-term vacation rental permit that is suspended pursuant to Section 3.25.090. "Tenant" or "transient," for purposes of this chapter, means any person, including any Subtenant, who seeks to rent or who does rent, or who occupies or seeks to occupy, for thirty (30) consecutive calendar days or less, a short-term vacation rental unit.
(Ord. No. 607, Exh. A, 12-5-2023; Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.040 Authorized agent or representative.

A. Except for the completion of an application for a short-term vacation rental permit and business license, the owner may designate an authorized agent or representative to ensure compliance with the requirements of this chapter with respect to the short-term vacation rental unit on his, her or their behalf. Nevertheless, the owner shall not be relieved from any personal responsibility and personal liability for noncompliance with any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit, regardless of whether such noncompliance was committed by the owner's authorized agent or representative or the occupants of the owner's short-term vacation rental unit or their guests.

B. The owner shall be the applicant for and holder of a short-term vacation rental permit and business license and shall not authorize an agent or a representative to hold a short-term vacation rental permit and business license on the owner's behalf. The owner’s authorized agent or representative may submit an application on behalf of the owner pursuant to Section 3.25.060, but the owner's signature is required on all short-term vacation rental application forms, and the city may prescribe reasonable requirements to verify that an applicant or purported owner is the owner in fact.
(Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)
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3.25.050 Short-term vacation rental permit—Required.

A. The owner is required to obtain a short-term vacation rental permit and a business license from the city before the owner or the owner's authorized agent or representative may rent or advertise a short-term vacation rental unit. No short-term vacation rental use may occur in the city except in compliance with this chapter. No property in the city may be issued a short-term vacation rental permit or used as a short-term vacation rental unit unless the property is a residential dwelling that complies with the requirements of this chapter.

B. A short-term vacation rental permit and business license shall be valid for one (1) year and renewed on an annual basis in order to remain valid.

1. A short-term vacation rental permit and business license renewal application should be submitted sixty (60) calendar days prior to the permit's expiration date, but no later than the permit's expiration date.

Failure to renew a short-term vacation rental permit as prescribed in this section may result in the short-term vacation rental permit being terminated.

2. A new owner of a property (or a new person and/or new entity that owns or controls a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) previously operated as a short-term vacation rental unit by the former owner (or by a former person or entity that owned or controlled the business or organization or other entity of any kind that continues to be the owner of the property) may not renew the previous owner's short-term vacation rental permit and shall apply for a new short-term vacation rental permit, pursuant to this chapter, if the new owner (or new person and/or new entity that owns or controls a business or organization or other entity of any kind that continues to be the owner of a property) wants to continue to use the residential dwelling as a short-term vacation rental unit. For purposes of this subsection, a transfer of a short-term vacation rental unit with a valid short-term vacation rental permit resulting from any of the following shall not be deemed a transfer to a new owner which would otherwise trigger the requirement to apply for and obtain a new short-term vacation rental permit:
(a) Transfers to an entity of any kind, such as a limited liability company or a trust, where the member(s) of the entity or beneficiary(ies) of the trust is(are) the owner(s) of the real property with a valid short-term vacation rental permit, and the proportionate interest(s) of the owner(s) are the same for the real property placed in the entity. (b) Transfers that take effect upon the death of an owner to an heir designated by the owner (by devise, bequest, or similar transfer upon death) who is any of the following: (i) surviving spouse or domestic partner; or (ii) surviving sibling related by blood or in law, such as a brother, sister, brother-in-law, sister-in-law, step-brother, or step-sister; or (iii) surviving parent or grandparent by blood or in law, such as a mother, father, mother-in-law, father-in-law, step-mother, stepfather, grandmother, grandfather, grandmother-in-law, grandfather-in-law, step-grandmother, or step-grandfather; (iv) surviving child or grandchild, such as a daughter, son, daughter-in-law, son-in-law, step-daughter, step-son, granddaughter, grandson, granddaughter-in-law, grandsonin-law, step-granddaughter, or step-grandson. (c) Transfers to a trust with the beneficiary(ies) identified as an heir described in subsection B(2)(b) above.

3. If an owner or an owner's authorized agent or representative, pursuant to all applicable laws, constructs additional bedrooms to an existing residential dwelling or converts non-bedroom spaces and areas in an existing residential dwelling into additional bedrooms, the owner or owner's authorized agent or representative shall notify the city and update the short-term vacation rental unit's online registration profile upon city approval of the addition or conversion so that the city may confirm that 18 CLICK HERE to Return to Agenda
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such conversion is consistent with this chapter and the code, including all applicable provisions in Title 8 of the code, and reissue the short-term vacation rental permit so that it accurately identifies the number of approved bedrooms, if the owner wants to continue to use the dwelling as a short-term vacation rental unit. The city may conduct an on-site inspection of the property to verify compliance with this chapter and the code. Code compliance inspections may be billed for full cost recovery at one (1) hour for initial inspection and in thirty (30)-minute increments for each follow-up inspection pursuant to subsection D. For purposes of this chapter, "reissue" or "reissuance" of a short-term vacation rental permit means a permit that is reissued by the city, with corrected information, as applicable, to be valid for the balance of the existing one (1)-year permit and license period.

C. A short-term vacation rental permit and business license shall be valid only for the number of bedrooms in a residential dwelling equal to the number of bedrooms the city establishes as eligible for listing as a shortterm vacation rental unit. The allowable number of bedrooms shall meet all applicable requirements under federal, state and city codes, including, but not limited to, the provisions of Section 9.50.100 (or successor provision, as may be amended from time to time) governing "additional bedrooms" and all applicable building and construction codes in Title 8 of this code. A short-term vacation rental permit shall not be issued for, or otherwise authorize the use of, additional bedrooms converted from non-bedroom spaces or areas in an existing residential dwelling except upon express city approval for the additional bedrooms in compliance with this code, including Section 9.50.100 (or successor provision, as may be amended from time to time), and upon approval of an application for a new or renewed short-term vacation rental permit as provided in subsection B.

D. A short-term vacation rental permit and business license shall not be issued, and may be suspended or permanently revoked, if the property, or any building, structure, or use or land use on the property is in violation of this code. The city may conduct an inspection of the property prior to the issuance or renewal of a short-term vacation rental permit and/or business license. Code compliance inspections may be billed for full cost recovery at one (1) hour for initial inspection and in thirty (30)-minute increments for each follow-up inspection. For purposes of this subsection, a code violation exists if, at the time of the submittal of an application for a new or renewed short-term vacation rental permit or business license, the city has commenced administrative proceedings by issuing written communication and/or official notice to the owner or owner's authorized agent or representative of one (1) or more code violations. For purposes of this chapter, "building," "structure," and "use or land use" have the same meanings as set forth in Section

9.280.030 (or successor provisions, as may be amended from time to time) of this code.

E. A short-term vacation rental permit and business license shall not be issued or renewed, and may be suspended or permanently revoked, if any portion of transient occupancy tax has not been reported and/or remitted to the city for the previous calendar year by the applicable deadline for the reporting and/or remittance of the transient occupancy tax.

F. A short-term vacation rental permit and business license shall not be issued or renewed, and may be suspended or permanently revoked, if the residential dwelling to be used as a short-term rental unit lacks adequate on-site parking. For purposes of this subsection, "adequate on-site parking" shall be determined by dividing the total number of occupants commensurate with the approved number of bedrooms as provided in the table under Section 3.25.070 by four (4), such that the ratio of the maximum allowed number of overnight occupants to on-site parking spots does not exceed four to one (4:1). For example, a residential dwelling with five (5) bedrooms may permissibly host a total number of ten (10) to twelve (12) overnight occupants and therefore requires three (3) on-site parking spots. On-site parking shall be on an approved driveway, garage, and/or carport areas only in accordance with Section 3.25.070(R), and no more than two (2) street parking spots may count towards the number of on-site parking spots necessary to meet the "adequate on-site parking" requirement under this subsection.

G. An owner or owner's authorized agent or representative who claims not to be operating a short-term vacation rental unit or who has obtained a valid short-term vacation rental permit and business license 19 CLICK HERE to Return to Agenda
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pursuant to this chapter, may voluntarily opt-out of the requirements of this chapter, prior to the issuance or expiration of a short-term vacation rental permit and business license that are applicable to the short-term vacation rental unit, only upon the owner, the owner's authorized agent or representative and/or the owner's designated local contact person submitting a written request or executing, under penalty of perjury, a declaration of non-use as a short-term vacation rental unit, in a form prescribed by the city (for purposes of this chapter, a "declaration of non-use"). Upon the receipt and filing with the city a written request or a fully executed declaration of non-use, the short-term vacation rental permit and business license shall be closed and the owner or owner's authorized agent or representative shall be released from complying with this chapter as long as the property is not used as a short-term vacation rental unit. Use of the property as a short-term vacation unit after the city's receipt and filing of a written request or a declaration of non-use is a violation of this chapter. If, after a written notice or a declaration of non-use has been received and filed with the city, the owner or owner's authorized agent or representative wants to use that property as a short-term vacation rental unit, the owner may apply for a new short-term vacation rental permit and business license only after twelve (12) consecutive months have elapsed from the date of the city's receipt of the written notice or the declaration of non-use, and the owner and owner's authorized agent or representative otherwise shall fully comply with the requirements of this chapter and the code. (Ord. No. 607, Exh. A, 12-5-2023; Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 577 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012; Ord. 611, § 1(Exh. A), 3-19-2024)

3.25.055 Non-issuance of new short-term vacation rental permits; periodic council review.

A. Commencing May 20, 2021, which is the effective date of Ordinance No. 596 which added this section, there shall be no processing of, or issuance for, any applications for a new short-term vacation rental permit, required by this chapter to use or operate a short-term vacation rental unit in the city, except applications for a new a short-term vacation rental permit covering a short-term vacation rental unit that meets one (1) or more of the following:

1. A residential dwelling within a residential project located in the CT Tourist Commercial District zone, as defined in Section 9.70.070 (or successor section) of this code and depicted in the city's official zoning map.

2. A residential dwelling within a residential project located in the VC Village Commercial District zone, as defined in Section 9.70.100 (or successor section) of this code and depicted in the city's official zoning map.

3. A residential dwelling within a residential project subject to a development agreement with the city, or subject to a condition of approval(s) attached to any entitlement approved by the city (including but not limited to a specific plan, subdivision map, or site development permit), pursuant to which shortterm vacation rentals are a permitted use, and the residential dwelling's use as a short-term vacation rental is authorized under a declaration of covenants, conditions, and restrictions (CC&Rs), for the residential project.

4. A residential dwelling within the area covered by the SilverRock Resort Specific Plan or the Estates at Griffin Lake Specific Plan.

5. A residential dwelling is located adjacent to the CT Tourist Commercial District zone, as defined in Section 9.70.070 and depicted in the city's official zoning map, and within the following boundaries; west of Avenida Obregon, south of the Avenida Fernando, east of Calle Mazatlan, and north of the driveway access between Calle Mazatlan and Avenida Obregon that serves as a southern boundary for the La Quinta Tennis Villas/Tennis Condos area identified on page 25 of the La Quinta Resort Specific Plan, 121 E—Amendment 5 (as may be subsequently amended from time to time). For purposes of this 20 CLICK HERE to Return to Agenda
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subsection, "adjacent to" means across the street from or accessible by a driveway or service road designed to provide access to area(s) within the CT Tourist Commercial District zone.

B. The city manager or authorized designee shall have the authority to implement policies or procedures to review and verify whether an application for a new short-term vacation rental permit meets the criteria set forth in this section.

C. This section shall not apply to applications for a homeshare short-term vacation rental permit or applications for a renewal of an existing short-term vacation rental permit and business license, submitted in compliance with this chapter, including when the short-term vacation rental permit is under suspension during the time for processing the renewal application. Applications for renewals must be submitted as prescribed by this chapter. Any short-term vacation rental unit, covered by a permit that is subject to an application for renewal, which is under temporary suspension in violation of this chapter or any other provisions of this code, shall not become permitted to use the dwelling as a short-term vacation rental unit until all violations that led to the temporary suspension have been remedied and the suspension has expired. Any revoked short-term vacation rental permit shall not be eligible for renewal or new short-term vacation rental permit.

D. The city council shall periodically review the impacts or effects, if any, caused by the non-issuance of new short-term vacation rental permits set forth in this section. The city manager or authorized designee shall prepare a report assessing impacts or effects, if any, for the council to review at a regular or special meeting.

E. Commencing on January 4, 2024, which is the effective date of Ordinance No. 607 adding this subsection (E), this section may not be amended by the city council, except by no less than four-fifths (⅘) majority vote of the city council.
(Ord. No. 607, Exh. A, 12-5-2023; Ord. 596 § 2, 2021; Ord. 595 § 1(Exh. A), 6-15-2021; Ord. 591 § 1(Exh. A), 4-20- 2021)

3.25.057 Large Lots; exemption from non-issuance of new short-term vacation rental permits.

A. If none of the exemptions in subsection (A) or (C) of Section 3.25.055 of this code applies, the owner of a large lot may voluntarily submit to the city an application and request to be exempted from the non-issuance of new short-term vacation rental permits set forth in Section 3.25.055 only if, at the time of submittal of an application for exemption pursuant to this section, all of the following criteria are met:

1. The "lot area," as defined in Section 9.280.030 (or successor provision, as may be amended from time to time) of this code, is comprised of a single parcel that is no less than 25,000 square feet;

2. The single parcel has at least one (1) existing dwelling, as defined in this chapter, in use or available for use;

3. The single parcel is not, nor will the single parcel ever be for the duration of the period of any qualified exemption under this section, subject to a subdivision under the subdivision map act in Division 2 (commencing with Section 64410) of Title 7 of the California Government Code or under Title 13 of this code (or successor provisions, as may be amended from time to time);

4. The single parcel is not, nor will the single parcel ever be for the duration of the period of any qualified exemption under this section, subject to a reduction in the square footage of the lot area by lot line adjustment, parcel merger, or other action that creates a legal parcel under the subdivision map act in Division 2 (commencing with Section 64410) of Title 7 of the California Government Code or under Title 13 of this code (or successor provisions, as may be amended from time to time);

5. If the single parcel is within a residential project governed by a homeowners association, the use of the single parcel as a short-term vacation rental unit is authorized under the homeowners association's 21 CLICK HERE to Return to Agenda
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covenants, conditions, and restrictions (CC&Rs) and any other applicable governing documents for the residential project governed by the homeowners association;

6. Use of the single parcel as a short-term vacation rental unit is not prohibited or otherwise inconsistent with any recorded instruments governing the use of the single parcel; and

7. The single parcel has adequate on-site parking pursuant to this chapter for use as a short-term vacation rental unit.

B. Subject to the application and review provisions in this section, if the city determines the single parcel meets the criteria of a large lot to be exempted from the non-issuance of new short-term vacation rental permits that otherwise applies pursuant to Section 3.25.055, the provisions regarding the non-issuance of new shortterm vacation rental permits in Section 3.25.055 shall no longer apply to, or be applicable as long as the single parcel meets the criteria in this section, to the large lot upon certification by the city that the criteria set forth in this section have been met.

1. Upon certification by the city that the criteria in this section have been met, then the single parcel shall be identified as a "qualified and certified large lot" for purposes of this section and this chapter.

2. Upon certification by the city of the single parcel as a qualified and certified large lot pursuant to this section, an owner of a residential dwelling within a qualified and certified large lot may apply for a new short-term vacation rental permit pursuant to this chapter and shall be subject to the same requirements of any other short-term vacation rental permit application, use, and operation governed by this chapter.

3. The city may impose any necessary or proper conditions of approval with the certification of a single parcel as a large lot pursuant to this section, including conditions that would terminate the exemption from compliance with Section 3.25.055 if the large lot is subdivided or used in violation of the requirements of this section. Additionally, the city may require as a condition of approval that the owner of the qualified and certified large lot execute a land use covenant, in a form approved by the city and recorded in the county recorder's office against the single parcel, memorializing the terms and conditions applicable to the large lot for use as a short-term vacation rental unit.

4. Any owner of real property that is no longer or is not in compliance with the criteria in this section to be a qualified and certified large lot shall have no right or authority to advertise, use, or operate said real property as a short-term vacation rental unit. Any short-term vacation rental permit (either new or renewal permit) issued by the city in reliance of said real property having previously been located within a qualified and certified large lot shall no longer be valid upon said real property no longer being in compliance with this section.

5. An owner of a qualified and certified large lot who is the successor in interest to the owner who applied for and received the certification of the single parcel as a qualified and certified large lot does not need to re-apply for an exemption from Section 3.25.055 under this chapter as long as the single parcel determined to be the qualified and certified large lot remains in compliance with this section.

6. It is the expressed intent of the city council that an application for exemption from Section 3.25.055, submitted to the city pursuant to this section, need only occur one time as long as the current owner of a qualified and certified large lot remains in compliance with this section whenever a new or renewal application for a short-term vacation rental permit is submitted to the city and for the duration of the term of the issued short-term vacation rental permit. It is also the expressed intent of the city council that the current owner of real property that may have previously been a qualified and certified large lot may be required by the city to submit a new application for exemption from Section 3.25.055, pursuant to this section, if the real property no longer meets the criteria set forth in this section. 22 CLICK HERE to Return to Agenda
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C. Any application submitted pursuant to this section shall be subject to any fees established by resolution of the city council and shall identify, by addresses, assessor's parcel number (APN), and any other identifying information requested by the city, the real property purporting to be a large lot.

D. An application submitted pursuant to this section shall be reviewed and considered as follows:

1. Submittal of Application. An application for a finding of exemption under this section and certification as a large lot shall be completed in a form approved by the city manager or authorized designee.

Applications shall be filed with the city clerk, who shall forward to the planning department together with all maps, plans, documents and other materials required by the city clerk or director of the planning department.

2. Determination of Completeness. The city clerk's office and planning department shall coordinate with the applicant to make a determination whether the application is complete or incomplete. Upon the determination that the application is complete by the city clerk, the city clerk shall schedule review and consideration of the complete application by the city council.

3. Public Hearing and Consideration of the Application. The city council shall hold a public hearing on the application, and the city council shall be the decision-making authority for the application. The public hearing shall be set within ninety (90) days from the determination by the city clerk of a complete application. The public hearing shall be noticed in accordance with Section 9.200.100(D) (or successor provisions, as may be amended from time to time) of this code. At the public hearing, the city council shall receive written comments and any other evidence or testimony relating to the application. At the public hearing, the city council may take action on the application, or continue the application to a specified date.

4. Required Findings. No application presented to the city council pursuant to this section may be approved or conditionally approved unless all of the following findings and requirements are met:
a. The single parcel subject to the application is in a residential zone, is a legal non-conforming use, or is in a zone that otherwise would allow for residential uses. b. The applicant is the owner of the single parcel subject to the application. c. The exemption under this section is required for the applicant as owner to be able to apply for a short-term vacation rental permit and use a dwelling or dwellings on the parcel as a short-term vacation rental unit under this chapter.
d. Approval of the application will not create conditions materially detrimental to the public health, safety and general welfare or injurious to or incompatible with other properties or land uses in the vicinity. Included with this assessment shall be whether approval of the application and issuance of a certification that the single parcel is a qualified and certified large lot results in multiple exemptions under this section being concentrated in one geographic location of the city in a manner than may be incompatible with other properties or land uses in the vicinity.

5. Decision. The city council shall approve, approve with conditions, or deny the application. With the concurrence of the applicant, an application may be withdrawn prior to the issuance of a decision by the city council. The decision on an application, including any required findings and any other reasons that serve to explain the determination plus all conditions of approval, shall be in writing. An approval or approval with conditions from the city council shall be adopted by resolution and accompanied with the certification from the city that the single parcel subject to the application meets the criteria for a qualified and certified large lot.

6. Appeal. The decision of the city council shall be the final decision of the city on the application.

E. Subject to the review and approval provisions in this section, the city manager or authorized designee shall have the authority to implement policies or procedures to review and verify whether an application and 23 CLICK HERE to Return to Agenda
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request to be exempted from Section 3.25.055 meets the criteria set forth in this section and any other criteria reasonably necessary for verification of such application and request.

F. The city council may periodically review the impacts or effects, if any, caused by this section concurrently with its periodic review provided for in subsection (D) of Section 3.25.055. (Ord. No. 607, Exh. A, 12-5-2023)

3.25.060 Short-term vacation rental permit—Application requirements.

A. The owner or the owner's authorized agent or representative must submit the information required on the city's short-term vacation rental permit application form provided by the city, which may include any or all of the following:

1. The name, address, and telephone number of the owner of the subject short-term vacation rental unit;

2. The name, address, and telephone number of the owner's authorized agent or representative, if any;

3. The name and twenty-four (24)-hour telephone number of the local contact person;

4. Reserved;

5. The number of bedrooms shall not exceed the number of permitted bedrooms. The allowable number of bedrooms shall meet all applicable building and construction requirements under federal, state and city codes, including, but not limited to, the provisions of Section 9.50.100 (or successor provision, as may be amended from time to time) governing "additional bedrooms" and all applicable building and construction codes in Title 8 of this code;

6. Acknowledgement of receipt of all electronically distributed short-term vacation rental information from the city, including any good guest brochure;

7. The owner or owner's authorized agent or representative who has applied for a short-term vacation rental permit shall provide the city with written authorization that issuance of a short-term vacation rental permit pursuant to this chapter is not inconsistent with any recorded or unrecorded restrictive covenant, document, or other policy of a homeowner association (HOA) or other person or entity which has governing authority over the property on which a short-term vacation rental unit will be operated; in furtherance of this requirement, there shall be a rebuttable presumption that an owner or owner's authorized agent or representative does not have written authorization for the issuance of a short-term vacation rental permit if a HOA or other person or entity which has governing authority over the property has submitted to the city a duly-authorized official writing, which informs the city that short-term vacation rentals of thirty (30) consecutive days or less are not permitted on the property applying for a short-term vacation rental permit; and

8. Such other information as the city manager or authorized designee deems reasonably necessary to administer this chapter.

B. The short-term vacation rental permit application shall be accompanied by an application fee as set by resolution of the city council. A short-term vacation rental permit and business license shall not be issued or renewed while any check or other payment method cannot be processed for insufficient funds.

C. The city may determine the maximum number of bedrooms in a residential dwelling with multiple bedrooms eligible for use as a short-term vacation rental unit upon issuance of a short-term vacation rental permit.

When determining the maximum number of bedrooms eligible for use as short-term vacation rentals, the city shall consider the public health, safety, and welfare, shall comply with building and residential codes, and may rely on public records relating to planned and approved living space within the residential dwellings, including, but not limited to, title insurance reports, official county records, and tax assessor records. An 24 CLICK HERE to Return to Agenda
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owner and/or owner's authorized agent or representative may not advertise availability for occupancy of a short-term vacation rental unit for more than the approved number of bedrooms listed in the short-term vacation rental permit issued by the city pursuant to this chapter. In addition to any other rights and remedies available to the city under this chapter, the first violation for failing to advertise the approved number of bedrooms may be subject to a fine by an administrative citation, and a second or subsequent violation for failing to advertise the approved number of bedrooms may result in a revocation (which may include permanent revocation) of the short-term vacation rental permit and/or any affiliated licenses or permits pursuant to the provisions set forth in Section 3.25.090. An owner of a residential dwelling on a lot may apply for additional bedrooms to be included in the maximum number of bedrooms eligible for use under a short-term vacation rental permit, subject to and only if all of the following criteria are met:

1. Only existing rooms within a dwelling may be eligible for repurposing for use as an additional bedroom.

2. Use of an existing room as an additional bedroom shall comply with all building and residential codes, including but not limited to all applicable codes in Title 8 of this code.

3. Any use of an existing room as an additional bedroom shall result in no less than 1,000 square feet of the remainder of the indoor habitable space within the dwelling to be used for living, eating, cooking, and sanitation purposes. “Indoor habitable space” for purposes of this Subsection 3.25.060(C)(3) includes, for example, kitchen, bathroom, dining room, living room, den, home-office, and hallway areas, but excludes, for example, closets, garage, storage, attic, basement, and other areas not usually and regularly occupied by persons in the dwelling.

4. The owner of the dwelling shall have the obligation to ensure the use of an existing room as an additional bedroom pursuant to this Subsection 3.25.060(C) is neither inconsistent with nor a violation of any legal or contractual obligations of the owner as the property owner of the dwelling, including but not limited to any residential/home insurance policies, title insurance policies, or tax assessment records. Nothing in this Subsection 3.25.060(C) does, or may be interpreted as, affecting or authorizing a use of an existing room as an additional bedroom under any other law or regulation, except for purposes of including such additional bedroom in the maximum number of bedrooms eligible for use under a short-term vacation rental permit pursuant to this chapter.

D. Short-term vacation rental permit applications shall comply with the following:

1. A short-term vacation rental permit application for an estate home shall be subject to evaluation and inspection of the property to ensure that the short-term vacation rental unit will not create conditions materially detrimental to the public health, safety and general welfare or injurious to or incompatible with other properties in the vicinity. Evaluation and inspection shall include, but not be limited to:
verification of the number of bedrooms, active noise monitor, adequate on-site parking spaces, availability of nearby street parking, physical distance of an estate home from adjacent properties, such as location and distance of outdoor gathering spaces, pools, and other living spaces from neighboring properties. The city manager, or designee, shall have the authority to impose additional conditions on the use of an estate home as a short-term vacation rental unit to ensure that any potential secondary effects unique to the subject short-term vacation rental unit are avoided or adequately mitigated.

2. A short-term vacation rental permit application may be denied if the applicant has failed to comply with application requirements in this chapter, or has had a prior short-term vacation rental permit for the same unit revoked within the past twelve (12) calendar months. In addition, upon adoption of a resolution pursuant to subsection H, the city may limit the number of short-term vacation rental units in a given geographic area based on a high concentration of short-term vacation rental units. The city shall maintain a waiting list of short-term vacation rental permit applications for such geographic areas where the city determines, based on substantial evidence after a noticed public hearing, there is a 25 CLICK HERE to Return to Agenda
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higher than average concentration of short-term vacation rental units that either affects the public health, safety, and welfare or significantly negatively impacts the character and standard of living in a neighborhood within that geographic area, or both.

E. Short-term vacation rental permit applications may take up to, and the city shall have, thirty (30) calendar days to process. Nothing in this subsection or chapter shall be construed as requiring the city to issue or deny a short-term vacation rental permit in less than thirty (30) calendar days, as no permit shall be issued until such time as application review is complete. No short-term vacation rental use may occur in the city without a valid short-term vacation rental permit issued in accordance with this chapter.

F. Upon a change of ownership of a property (or upon a new person and/or new entity owning or controlling a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) licensed to operate as a short-term vacation rental unit, the owner or owner's authorized agent or representative shall notify the city of such change immediately. The existing short-term vacation rental permit shall be terminated, unless subject to Section 3.25.050(B)(2), and the property must cease operating as a short-term vacation rental immediately. Failure to comply may result in a fine of one thousand dollars ($1,000.00) per day for a continuing violation of this subsection F.

G. Immediately upon a change of an owner's authorized agent or representative, local contact, or any other change pertaining to the information contained in the short-term vacation rental application, the owner or owner's authorized agent or representative shall update the short-term vacation rental unit's online registration profile used by the city for the implementation of the short-term vacation rental regulations.

Failure to immediately update this information may result in a violation of this chapter, including but not limited to a suspension or revocation of a short-term vacation rental permit, until all information is updated.

H. The city manager or authorized designee may prepare, for adoption by resolution by the city council, a review procedure and criteria to evaluate the limitation for issuance of STVR permits and/or STVR applications for geographic areas within the city as set forth in subsection D. (Ord. No. 607, Exh. A, 12-5-2023; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.065 Short-term vacation rental permit—Grounds for denial.

A. In addition to any other grounds provided in this chapter, an application (including renewal application) for a short-term vacation rental permit may be denied if use of the short-term vacation rental unit has been, will be, or is apt to become any one (1) or more of the following.

1. Prohibited by any local ordinance or by any state or federal law, statute, rule or regulation;

2. A public nuisance;

3. In any way detrimental to the public interest;

4. Prohibited by zoning laws and ordinances.

B. An application (including renewal application) for a short-term vacation rental permit may also be denied on the grounds that the applicant has knowingly made a false statement in a material matter either in his/her/their application or in his/her/their testimony before the city manager or other body hearing such testimony.

C. This section is intended to be, and shall be construed as being, in alignment with the grounds for denial of a business license set forth in Section 3.28.080 (or successor section) of this code. (Ord. 591 § 1(Exh. A), 4-20-2021)
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3.25.070 Operational requirements and standard conditions.

A. The owner and/or owner's authorized agent or representative shall use reasonably prudent business practices to ensure that the short-term vacation rental unit is used in a manner that complies with all applicable laws, rules and regulations pertaining to the use and occupancy of the subject short-term vacation rental unit.

1. An estate home may be established for short-term vacation rental use subject to evaluation and inspection of the property pursuant to Section 3.25.060(D)(1).

2. An estate home established for short-term vacation rental use is required to be equipped with a noise monitoring device(s) that is operable at all times.

B. The responsible person(s) shall be an occupant(s) of the short-term vacation rental unit for which he, she or they signed a rental agreement for such rental, use and occupancy, and/or any person(s) occupying the short-term vacation rental unit without a rental agreement, including the owner, owner's authorized agent or representative, local contact(s) and their guests. The responsible person(s) shall not sub-rent or sub-lease the short-term vacation rental unit to a Subtenant unless said sub-rental or sub-leasing is in full compliance with this chapter. No non-permanent improvements to the property, such as tents, trailers, or other mobile units, may be used as short-term vacation rentals. The total number of occupants, including the responsible person(s) and children regardless of age, allowed to occupy any given short-term vacation rental unit may be within the ranges set forth in the table below. By the issuance of a short-term vacation rental permit, the city or its authorized designees, including police, shall have the right to conduct a count of all persons occupying the short-term vacation rental unit in response to a complaint or any other legal grounds to conduct an inspection resulting from the use of the short-term vacation rental unit, and the failure to allow the city or its authorized designees the ability to conduct such a count may constitute a violation of this chapter. The city council may by resolution further restrict occupancy levels provided those restrictions are within the occupancy ranges set forth below.

Number of
Bedrooms
Total of
Overnight*
Occupants
Total Daytime** Occupants
(Including Number of
Overnight Occupants)
0—Studio 2 2—8
1 2—4 2—8
2 4—6 4—8
3 6—8 6—12
4 8—10 8—16
5 10—12 10—18
6 12—14 12—20
7 14 14—20
8 16 16—22
9 18 18—24
*Overnight (10:01 p.m.—6:59 a.m.)
**Daytime (7:00 a.m.—10:00 p.m.)
C. The person(s) listed as the local contact person in the short-term vacation rental unit's online registration profile shall be available twenty-four (24) hours per day, seven (7) days per week, with the ability to respond to the location within thirty (30) minutes to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit or their guests. The person(s) listed as a local contact person shall be able to respond personally to the location, or to contact the owner or the owner's authorized agent 27 CLICK HERE to Return to Agenda
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or representative to respond personally to the location, within thirty (30) minutes of notification or attempted notification by the city or its authorized short-term vacation rental designated hotline service provider. No provision in this section shall obligate the city or its authorized short-term vacation rental designated hotline service provider to attempt to contact any person or entity other than the person(s) listed as the local contact person.

D. The owner, the owner's authorized agent or representative and/or the owner's designated local contact person shall use reasonably prudent business practices to ensure that the occupants and/or guests of the short-term vacation rental unit do not create unreasonable or unlawful noise or disturbances, engage in disorderly conduct, or violate any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit.

E. Occupants of the short-term vacation rental unit shall comply with the standards and regulations for allowable noise at the property in accordance with Sections 9.100.210 and 11.08.040 (or successor provision, as may be amended from time to time) of this code. No radio receiver, musical instrument, phonograph, compact disk player, loudspeaker, karaoke machine, sound amplifier, or any machine, device or equipment that produces or reproduces any sound shall be used outside or be audible from the outside of any shortterm vacation rental unit between the hours of 10:00 p.m. and 7:00 a.m. Pacific Standard Time. Observations of noise related violations shall be made by the city or its authorized designee from any location at which a city official or authorized designee may lawfully be, including but not limited to any public right-of-way, any city-owned public property, and any private property to which the city or its authorized designee has been granted access.

F. Prior to occupancy of a short-term vacation rental unit, the owner or the owner's authorized agent or representative shall:

1. Obtain the contact information of the responsible person;

2. Provide copies of all electronically distributed short-term vacation rental information from the city, including any good guest brochure to the responsible person and post in a conspicuous location within the short-term vacation rental unit, in a manner that allows for the information to be viewed in its entirety; and require such responsible person to execute a formal acknowledgement that he/she/they is/are legally responsible for compliance by all occupants of the short-term vacation rental unit and their guests with all applicable laws, rules and regulations pertaining to the use and occupancy of the short-term vacation rental unit. This information shall be maintained by the owner or the owner's authorized agent or representative for a period of three (3) years and be made readily available upon request of any officer of the city responsible for the enforcement of any provision of this code or any other applicable law, rule or regulation pertaining to the use and occupancy of the short-term vacation rental unit.

G. The owner, the owner's authorized agent or representative and/or the owner's designated local contact person shall, upon notification or attempted notification that the responsible person and/or any occupant and/or guest of the short-term vacation rental unit has created unreasonable or unlawful noise or disturbances, engaged in disorderly conduct, or committed violations of any applicable law, rule or regulation pertaining to the use and occupancy of the subject short-term vacation rental unit, promptly respond within thirty (30) minutes to immediately halt and prevent a recurrence of such conduct by the responsible person and/or any occupants and/or guests. Failure of the owner, the owner's authorized agent or representative and/or the owner's designated local contact person to respond to calls or complaints regarding the condition, operation, or conduct of occupants and/or guests of the short-term vacation rental unit within thirty (30) minutes, shall be subject to all administrative, legal and equitable remedies available to the city.

H. The owner of a short-term vacation rental unit that has a valid homeshare short-term vacation rental permit shall occupy the dwelling during the transient stay. A violation of any provision of this chapter, this code, or 28 CLICK HERE to Return to Agenda
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any other applicable federal, state, or local laws or codes, by the owner, owner's authorized agent or representative and/or the owner's designated local contact person shall be subject to all administrative, legal and equitable remedies available to the city.

I. Trash and refuse shall not be left or stored within public view, except in proper containers for the purpose of collection by the city's authorized waste hauler on scheduled trash collection days. The owner, the owner's authorized agent or representative shall use reasonably prudent business practices to ensure compliance with all the provisions of Chapter 6.04 (Solid Waste Collection and Disposal) (or successor provision, as may be amended from time to time) of this code.

J. Signs may be posted on the premises to advertise the availability of the short-term vacation rental unit as provided for in Chapter 9.160 (Signs) (or successor provision, as may be amended from time to time) of this code.

K. The owner, the owner's authorized agent or representative and/or the owner's designated local contact person shall post a copy of the short-term vacation rental permit and a copy of the good guest brochure in a conspicuous place within the short-term vacation rental unit, and a copy of the good guest brochure shall be provided to each occupant of the subject short-term vacation rental unit.

L. Unless otherwise provided in this chapter, the owner and/or the owner's authorized agent or representative shall comply with all provisions of Chapter 3.24 concerning transient occupancy taxes, including, but not limited to, submission of a monthly return in accordance with Section 3.24.080 (or successor provisions, as may be amended from time to time) of this code, which shall be filed monthly even if the short-term vacation rental unit was not rented during each such month.

M. Guesthouses, detached from the primary residential dwelling on the property, or the primary residential dwelling on the property, may be rented pursuant to this chapter as long as the guesthouse and the primary residential dwelling are rented to one (1) party; provided, however, that this Subsection (M) does not apply to multi-unit lock-off STVR units.

N. The owner and/or the owner's authorized agent or representative shall post the number of authorized bedrooms and the current short-term vacation rental permit number at the beginning or top of any advertisement that promotes the availability or existence of a short-term vacation rental unit; provided, however, this requirement may be satisfied if a hosting platform used by the owner and/or owner's authorized agent or representative provides a designated field(s) to post the number of authorized bedrooms and the current short-term vacation rental permit number for the short-term vacation rental unit.

In the instance of audio-only advertising of the same, the short-term vacation rental permit number and the number of authorized bedrooms shall be read as part of the advertisement.

O. The owner and/or owner's authorized agent or representative shall operate a short-term vacation rental unit in compliance with any other permits or licenses that apply to the property, including, but not limited to, any permit or license needed to operate a special event pursuant to Section 9.60.170 (or successor provision, as may be amended from time to time) of this code. The city may limit the number of special event permits issued per year on residential dwellings pursuant to Section 9.60.170 (or successor provision, as may be amended from time to time).

P. The city manager, or designee, shall have the authority to impose additional conditions on the use of any given short-term vacation rental unit to ensure that any potential secondary effects unique to the subject short-term vacation rental unit are avoided or adequately mitigated, including, but not limited to, a mitigating condition that would require the installation of a noise monitoring device to keep time-stamped noise level data from the property that will be made available to the city upon city's reasonable request.

Q. The standard conditions set forth herein may be modified by the city manager, or designee, upon request of the owner or the owner's authorized agent or representative based on site-specific circumstances for the purpose of allowing reasonable accommodation of a short-term vacation rental unit. All requests must be in 29 CLICK HERE to Return to Agenda
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writing and shall identify how the strict application of the standard conditions creates an unreasonable hardship to a property such that, if the requirement is not modified, reasonable use of the property as a short-term vacation rental unit would not be allowed. Any hardships identified must relate to physical constraints to the subject site and shall not be self-induced or economic. Any modifications of the standard conditions shall not further exacerbate an already existing problem.

R. On-site parking shall be on an approved driveway, garage, and/or carport areas only; this section does not impose restrictions on public street parking regulations. Recreational vehicles may be parked in accordance with the provisions set forth in Section 9.60.130 (or successor provision, as may be amended from time to time) of this code.

S. No "apartment," "apartment building," or "apartment project," as defined in Section 9.280.030 (or successor provision, as may be amended from time to time) of this code shall be eligible to apply for or obtain a shortterm vacation rental permit.

T. A privately owned residential dwelling, regardless of whether it is permitted or not as a short-term vacation rental unit, rented for a period of thirty one (31) consecutive calendar days or more, counting portions of calendar days as full days, by any person(s), with or without a rental agreement, that is subsequently subrented or sub-leased to a Subtenant for a period of thirty (30) consecutive days or less, counting portions of calendar days as full days, constitutes use of the privately owned residential dwelling as a short-term vacation rental unit and is subject to the provisions of this chapter. This Subsection (T) is declaratory of existing law under this chapter.
(Ord. No. 608, § 1, 12-5-2023; Ord. No. 607, Exh. A, 12-5-2023; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh.

A), 12-15-2020; Ord. 577 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.080 Recordkeeping and hosting platform duties.

A. The owner or the owner's authorized agent or representative shall maintain for a period of three (3) years, records in such form as the tax administrator (as defined in Chapter 3.24) may require to determine the amount of transient occupancy tax owed to the city. The tax administrator shall have the right to inspect such records at all reasonable times, which may be subject to the subpoena by the tax administrator pursuant to Section 3.24.140 (Records) (Transient Occupancy Tax) (or successor provisions, as may be amended from time to time) of this code.

B. Hosting platforms shall not complete any booking transaction for any residential dwelling or other property purporting to be a short-term vacation rental unit in the city unless the dwelling or property has a current and valid short-term vacation rental permit issued pursuant to this chapter, which is not under suspension, for the dates and times proposed as part of the booking transaction.

1. The city shall maintain an online registry of active and suspended short-term vacation rental permits, which hosting platforms may reference and rely upon for purposes of complying with subsection B. If a residential dwelling or other property purporting to be a short-term vacation rental unit matches with an address, permit number, and/or current and valid permit dates (not under suspension) set forth in the city's online registry, the hosting platforms may presume that the dwelling or other property has a current and valid short-term vacation rental permit.

2. The provisions of this subsection B shall be interpreted in accordance with otherwise applicable state and federal law(s) and will not apply if determined by the city to be in violation of, or preempted by, any such law(s).
(Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)
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3.25.090 Violations.

A. Additional conditions. A violation of any provision of this chapter or this code by any applicant, occupant, responsible person, local contact person, owner or owner's authorized agent or representative (including a management company), shall authorize the city manager, or designee, to impose additional conditions on the use of any given short-term vacation rental unit to ensure that any potential additional violations are avoided.

B. Permit modification, suspension and revocation. A violation of any provision of this chapter, this code, California Vehicle Code, or any other applicable federal, state, or local laws or codes, including, but not limited to, applicable fire codes and the building and construction codes as set forth in Title 8 of this code, by any applicant, occupant, responsible person, local contact person, owner, or owner's authorized agent or representative (including a management company), shall constitute grounds for modification, suspension and/or revocation (which may include permanent revocation) of the short-term vacation rental permit and/or any affiliated licenses or permits pursuant to the provisions set forth in Section 3.25.100.

C. Notice of violation. The city may issue a notice of violation to any applicant, occupant, responsible person, local contact person, owner, owner's authorized agent or representative (including a management company), or hosting platform, pursuant to Section 1.01.300 (or successor provisions, as may be amended from time to time) of this code, if there is any violation of this chapter committed, caused or maintained by any of the above parties.

D. Two (2) strikes policy. Subject to a minor violation reprieve request, two (2) violations of any provision of this chapter or this code within one (1) year by any applicant, occupant, responsible person, local contact person, owner, owner's authorized agent or representative (including a management company), with respect to any one (1) residential dwelling shall result in an immediate suspension of the short-term vacation rental permit with subsequent ability to have a hearing before the city, pursuant to this chapter, to request a lifting of the suspension. For purposes of this subsection, a "minor violation reprieve request" means a written request submitted to the city's code enforcement officer for relief from counting one (1) or more violations within the one (1) year period as a minor violation, and "minor violation" means a violation of a particular section of this code that resulted in minimal impact on the use and enjoyment of the adjacent and nearby properties caused by any of the following:

1. Minor debris or trash containers left in view as a first offense;

2. A short-term vacation rental permit number or bedroom count not posted on an advertisement as a first offense;

3. A short-term vacation rental permit number or bedroom count posted in the wrong location on an advertisement as a first offense; or

4. Over occupancy due to a minor child not associated with a disturbance.

A determination of whether a code violation is a minor violation shall be based on substantial evidence presented to the code enforcement officer relating to that violation.

E. Administrative and misdemeanor citations. The city may issue an administrative citation to any applicant, occupant, responsible person, local contact person, owner, owner's authorized agent or representative (including a management company), or hosting platform, pursuant to Chapter 1.09 (Administrative Citations) (or successor provisions, as may be amended from time to time) of this code, if there is any violation of this chapter committed, caused or maintained by any of the above parties. Nothing in this section shall preclude the city from also issuing an infraction citation upon the occurrence of the same offense on a separate day.

An administrative citation may impose a fine for one (1) or more violations of this chapter in the maximum amount allowed by state law or this code in which the latter amount shall be as follows:
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1. General short-term vacation rental violations (occupancy/noise/parking). a. First violation: one thousand dollars ($1,000.00);
b. Second violation: two thousand dollars ($2,000.00);
c. Third violation: three thousand dollars ($3,000.00).

2. Operating a short-term vacation rental without a valid short-term vacation rental permit. a. First violation: one thousand and five hundred dollars ($1,500.00); b. Second or more violations: three thousand dollars ($3,000.00); c. Third or more violations: five thousand dollars ($5,000.00); d. In addition to the fines set forth above, the first, second, third, or subsequent violation of operating a short-term vacation rental unit without a valid short-term vacation rental permit shall be cause for an owner (or person and/or entity that owns or controls a business or organization or other entity of any kind, such as a limited liability company, which is the owner of a property) to be prohibited for all time from being eligible to be issued a short-term vacation rental permit and/or business license for use of a property as a short-term vacation rental unit.

3. Hosting a special event at a short-term vacation rental unit without a special event permit as required by Section 9.60.170 (or successor provision, as may be amended from time to time) of this code. a. First violation: five thousand dollars ($5,000.00);
b. Second violation: five thousand dollars ($5,000.00).

4. Advertising a short-term vacation rental without a valid short-term vacation rental permit by person(s) or entity(ies) other than a management company.
a. First violation: one thousand dollars ($1,000.00);
b. Second violation: two thousand dollars ($2,000.00);
c. Third violation: three thousand dollars ($3,000.00).

5. Advertising a short-term vacation rental without a valid short-term vacation rental permit by a management company.
a. First violation: one thousand and five hundred dollars ($1,500.00); b. Second violation: three thousand dollars ($3,000.00); c. Third or more violations: five thousand dollars ($5,000.00); d. In addition to the fines set forth above, the first, second, third, or subsequent violation of knowingly advertising a short-term vacation rental unit without a valid short-term vacation rental permit by a management company shall be cause for the management company to be prohibited from being used to advertise or operate a short-term vacation rental unit at the property identified for not having a valid short-term vacation rental permit. Additionally, repeat violations, which is three (3) or more violations of this subsection (E)(5), by a management company for knowingly advertising a short-term vacation rental unit without a valid short-term vacation rental permit shall be cause for the management company to be prohibited for all time from being eligible to be issued a short-term vacation rental permit and/or business license in the city for such property management purposes.

F. Public Nuisance. In addition to any and all rights and remedies available to the city, it shall be a public nuisance for any person or entity to commit, cause or maintain a violation of this chapter, which shall be 32 CLICK HERE to Return to Agenda
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subject to the provisions of Section 1.01.250 (Violations public nuisances) (or successor provisions, as may be amended from time to time) of this code.
(Ord. No. 607, Exh. A, 12-5-2023; Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 578 § 1, 2019; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017; Ord. 501 § 2, 2012)

3.25.100 Appeals.

A. Any person aggrieved by any decision of a city officer made pursuant to this chapter may request a hearing before the city manager in accordance with Chapter 2.08 (or successor provisions, as may be amended from time to time) of this code.

B. Notwithstanding any provisions in Section 2.08.230 or otherwise in the code, the decision by the city manager of an appeal brought under this chapter shall be the final decision by the city for any violation of a short-term vacation rental permit issued under this order, except for any administrative citation imposing a fine, which shall be processed and subject to an administrative appeal pursuant to Chapter 1.09 of the code. (Ord. 590 § 1(Exh. A), 3-16-2021; Ord. 586 § 1(Exh. A), 12-15-2020; Ord. 572 § 1, 2018; Ord. 563 § 1, 2017) 33 CLICK HERE to Return to Agenda
Ordinance No. 619
Chapter 3.25 Short-Term Vacation Rentals – Additions and Amendments Adopted: December 17, 2024

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LA QUINTA )
I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true, and correct copy of Ordinance No. 619 which was introduced at a regular meeting on the 3rd December 2024, and was adopted at a regular meeting held on the 17th of December, 2024, not being less than 5 days after the date of introduction thereof.

I further certify that the foregoing Ordinance was posted in three places within the City of La Quinta as specified in the Rules of Procedure adopted by City Council Resolution No. 2022-027.
________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California

DECLARATION OF POSTING
I, MONIKA RADEVA, City Clerk of the City of La Quinta, California, do hereby certify that the foregoing ordinance was posted on December 18, 2024, pursuant to Council Resolution.
________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION DECLARING ASSESSOR PARCEL NUMBER 600-020-057 LOCATED IN THE CITY OF LA QUINTA, CALIFORNIA AS SURPLUS LAND; CEQA: EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO SECTION 15312 OF THE CALIFORNIA ENVIRONMENTAL QUALITY ACT

RECOMMENDATION
A. Adopt a Resolution to declare Assessor Parcel Number 600-020-057 located in the City of La Quinta, California, as surplus land; and B. Authorize the City Manager to execute and administer the necessary notice(s) related to the declarations made in the resolution.

C. Find that that the declarations are exempt from environmental review pursuant to Section 15312 of the California Environmental Quality Act (CEQA).

EXECUTIVE SUMMARY
The Surplus Land Act (SLA) governs the disposition of City-owned property that is no longer needed for the City’s use and requires cities to declare property as “surplus land” or “exempt surplus land” prior to disposing of it, including sales and certain leases.

Assessor Parcel Number (APN) 600-020-057 meets the definition of “surplus land” pursuant to Government Code Section 54221(b)(1) as the property is land owned in fee simple by the City, which is no longer necessary for the City’s use.

Staff recommends Council adopt a resolution to declare APN 600-020-057 as “surplus land” and authorize the City Manager, or designee, to execute and administer the necessary notices and negotiations required by the SLA.

The proposed declarations that the parcel is surplus land does not authorize the lease or sale of the parcel. Once the process is complete, any proposed lease, sale, or disposition would be subject to separate review and approval.

FISCAL IMPACT – None.

BACKGROUND/ANALYSIS
The SLA governs the disposition of City-owned property that is no longer needed for the City’s use and requires cities to declare property as “surplus land” or “exempt surplus CONSENT CALENDAR ITEM NO. 2
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land” prior to disposing of it, including sales and certain leases. If surplus land does not fall into a category of “exempt surplus land,” then it qualifies as “surplus land.” The City owns one vacant parcel located in the City of La Quinta (APN 600-020-057) (Exhibit A to the resolution). Staff has identified this parcel as undeveloped land not to be utilized for development projects, implemented, owned, and/or operated by the City.

These parcels meet the definition of “surplus land” pursuant to Government Code Section 54221(b)(1) as the property is land owned in fee simple by the City, which is no longer necessary for the City’s use, and does not fall into any category of “exempt surplus land.” If adopted, the proposed resolution would declare this parcel surplus land as required by the SLA, which would allow the City to sell the parcel.

A Notice of Availability will be sent to required entities, who have 60 days to notify the City of their interest in the parcel. If any interest is provided, the City is required to engage in good faith negotiations for a period of 90 days. Following these steps, the City must provide the California Department of Housing and Community Development (HCD) with a notification detailing the Notice of Availability process.

ALTERNATIVES
The Council may elect not to declare this parcel surplus land.

Prepared by:

Approved by:

Doug Kinley, Senior Management Analyst
Gil Villalpando, Director of Business & Housing
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RESOLUTION NO. 2024 – XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA QUINTA, DECLARING CERTAIN LAND LOCATED IN

THE CITY OF LA QUINTA, CALIFORNIA AS SURPLUS
LAND
WHEREAS, the Surplus Land Act (Gov. Code, § 54220 et seq.) requires that before a local agency takes any action to sell or enter into a long-term lease for its property, it must declare to property to be “exempt surplus land” or “surplus land;” and WHEREAS, “surplus land” means land owned in fee simple by any local agency for which the local agency’s governing body takes formal action in a regular public meeting declaring that the land is surplus and is not necessary for the agency’s use; and WHEREAS, “exempt surplus land” means land owned in fee simple by any local agency which falls into one (1) or more of several categories included in the Surplus Land Act; and
WHEREAS, the City of La Quinta (“City”) owns the following property in fee simple (the “Land”), depicted in the site map enclosed Exhibit A, incorporated herewith by this reference:

An approximately 6-acre site in the City of La Quinta, California, more specifically identified as Assessor’s Parcel Number (APN) 600-020-057; and WHEREAS, pursuant to Government Code Section 54221(b), the City Council of the City of La Quinta hereby declares the Land to be surplus land not necessary for the City’s use which does not fall into any category for “exempt surplus land”; and WHEREAS, pursuant to Section 15312 of the State California Environmental Quality Act (“CEQA”) Guidelines, the declaration is exempt from review under the California Environmental Quality Act.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, as follows:

SECTION 1. The foregoing recitals are true and correct and are incorporated herein by this reference.

SECTION 2. The City Council of the City of La Quinta hereby finds and determines that the Land is no longer necessary for the City’s use and is surplus land as defined in the Surplus Land Act based on the evidence in the record.

SECTION 3. The City Manager or Designee is hereby authorized to send a notice of availability to the entities designated in the Surplus Land Act (“Designated Entities”), to 37 CLICK HERE to Return to Agenda
Resolution No. 2024-XXX
Surplus Land Declaration – APN 600-020-057
Adopted: December 17, 2024

Page 2 of 2 ends

negotiate with any Designated Entities who respond to the notice of availability, and otherwise follow the procedures of the Surplus Land Act applicable to the land.

SECTION 4. The declaration of the Land as surplus land is exempt from environmental review under the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15312, however, any subsequent development of the Land would be further reviewed pursuant to CEQA and other environmental laws.

SECTION 5. The City Clerk shall certify to the adoption of this Resolution.

PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 17th day of December 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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Quick Quack �
ll11l-(;U'4t9/1
I
0 125 250
Feet
Created by Rincon Consultants for the City of La Quinta, 2024.

Resolution No. 2024-0XXX
Surplus Land Declaration
Adopted: December 17, 2024

EXHIBIT A
Bus Stop
Zoning
1111 Regional Commercial (CR)
Key Information
APN: 600-020-057
Acres: 6.4
Existing General Plan Land Use: CG
Existing Zoning: CR
Indio
0 -- CALIFORNIA --
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 3 TO AGREEMENT FOR

CONTRACT SERVICES WITH VINTAGE ELECTRIC FOR ON-CALL ELECTRICAL

SERVICES

RECOMMENDATION
Approve Amendment No. 3 to Agreement for Contract Services with Vintage Electric for OnCall Electrical Services to increase the contract spending authority up to $300,000 in fiscal year 2024/25; and authorize the City Manager to execute the amendment.

EXECUTIVE SUMMARY
 Public Works projects, Building, Landscape and Street Maintenance activities often require electrical services, which necessitate the use of certified electricians.
 In 2020, the City contracted with Vintage Electric (Vintage) to provide these services based on the competitive Request for Proposals (RFP) process.  Several public works maintenance and capital improvement projects require electrical services and have utilized the majority of the existing $150,000 contract authority for fiscal year (FY) 2024/25.
 Staff requests increased contract spending authority from $150,000 to $300,000 for FY 2024/25.

FISCAL IMPACT
Funds are available in the Maintenance Services accounts (215-7004-60691 and 101- 3005-60691), Public Works Administration Consultants account (101-7001-60104), and the Capital Improvement Project (CIP) technical account for these services (401-0000- 60108). If approved, the revised total amount that can be paid to Vintage for FY 2024/25 would increase from $150,000 to not to exceed amount of $300,000 for on-call electrical services.

The following is the proposed contract amount for the remaining contract term:

Initial Term (July 1, 2020 – June 30, 2021) $200,000
Extended Term (July 1, 2021 – June 30, 2022) $100,000
Extended Term (July 1, 2022 – June 30, 2023) $150,000
CONSENT CALENDAR ITEM NO. 3
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Extended Term (July 1, 2023 – June 30, 2024) $150,000
Extended Term (July 1, 2024 – June 30, 2025) $300,000
Total not to exceed amount: $900,000

BACKGROUND/ANALYSIS
The City contracts with Vintage to provide on-call electrical services for projects that necessitate certified electricians; the contractor was selected through the competitive RFP process completed in March 2020, and Council approved a one-year agreement in June 2020.

In March 2021, Council approved Amendment No. 1 to the agreement which increased the spending authority for FY 2020/21 from $100,000 to $200,000 due to an increase in the number of projects.

In June, 2023, Council approved Amendment No 2 to the agreement which allowed contract spending authority of $150,000, and extended the term through FY 2024/25.

Vintage is utilized for construction of public works capital improvement projects, and electrical maintenance in streets, and landscape maintenance projects. Due to increased costs of prevailing wages and materials, staff requests increased contract spending authority from $150,000 to $300,000 to complete ongoing projects.

If approved, proposed Amendment No. 3 (Attachment 1) would allow staff to continue to utilize Vintage for on-call electrical services for a “not to exceed” amount of $300,000 for FY 2024/25.

ALTERNATIVES
Council may elect not to approve the amendment.

Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Bryan McKinney, Public Works Director/City Engineer Attachment: 1. Amendment No. 3 to Agreement for On-Call Electrical Services with Vintage
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AMENDMENT NO. 3 TO AGREEMENT FOR CONTRACT

SERVICES WITH VINTAGE ELECTRIC
This Amendment No. 3 ("Amendment No. 3") to Agreement for Contract Services (“Agreement”) with Vintage Electric is made and entered into as of the 17th day of December 2024 ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and Vintage Electric, (“Contracting Party”).

RECITALS
WHEREAS, on or about July 1, 2020, the City and Contracting Party entered into an Agreement to provide On-Call Electrical Services. The term of the Agreement expired on June 30, 2023 (Initial Term); and
WHEREAS, on or about July 27, 2021, the City and Contracting Party executed Amendment No. 1 amending Section 2.1 Contract Sum of the Agreement to increase compensation for fiscal year (FY) 2020/21 by $100,000, for a total not to exceed amount of $200,000 to complete several public works and capital improvement projects; and
WHEREAS, on or about June 30, 2023, the City and Contracting Party executed Amendment No. 2 to:
 Amend Section 2.1 Contract Sum of the Agreement by increasing compensation by $50,000, for a total not to exceed amount of $150,000 per FY, effective FY 2022/23; and
 Amend Section 3.4 Term of the Agreement to extend the term for two additional years through June 30, 2025 (Extended Term).

WHEREAS, the City and Contracting Party mutually agree to execute Amendment No. 3 to:
 Amend Section 2.1 Contract Sum of the Agreement by increasing compensation by $150,000, for a total not to exceed amount of $300,000 per FY, effective FY 2024/25, as identified in Exhibit B, attached hereto and made a part hereof; and
NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows:

ATTACHMENT 1
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AMENDMENT NO. 3
In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

1. Section 2.1 Contract Sum is amended to read:

2.1 Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with “Exhibit B” (the “Schedule of Compensation”) in a total amount not to exceed Nine Hundred Thousand ($900,000) for the life of the Agreement, encompassing the initial and any extended terms (the “Contract Sum”), except as provided in Section

1.7:

2. “Exhibit B” – Schedule of Compensation is amended as listed in “Exhibit B”, attached hereto and incorporated by this reference.

In all other respects, the Original Agreement shall remain in effect. 44 CLICK HERE to Return to Agenda
IN WITNESS WHEREOF, the City and Consultant have executed this Amendment No. 3 to the Agreement for Contract Services on the respective dates set forth below.

CITY OF LA QUINTA, VINTAGE ELECTRIC
A California municipal corporation, a California Corporation and charter city
JON MCMILLEN, City Manager JAMES TOURJE, President
Date:

ATTEST:

Date:

MONIKA RADEVA, City Clerk
APPROVED AS TO FORM:

WILLIAM H. IHRKE, City Attorney
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Exhibit B
Schedule of Compensation
With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed $900,000, (“Contract Sum”). The Contract Sum shall be paid to Contracting Party in an amount identified in Contracting Party’s schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement.

Initial Term (July 1, 2020 – June 30, 2021) $200,000
Extended Term (July 1, 2021 – June 30, 2022) $100,000
Extended Term (July 1, 2022 – June 30, 2023) $150,000
Extended Term (July 1, 2023 – June 30, 2024) $150,000
Extended Term (July 1, 2024 - June 30, 2025) $300,000
Total not to exceed amount: $900,000
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 3 TO REIMBURSEMENT

AGREEMENT WITH COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS FOR DUNE PALMS ROAD BRIDGE IMPROVEMENT PROJECT NO. 2011-05

RECOMMENDATION
Approve Amendment No. 3 to the Reimbursement Agreement with Coachella Valley Association of Governments, for the Dune Palms Road Bridge Improvement Project No. 2011-05; and authorize the City Manager to execute the amendment.

EXECUTIVE SUMMARY
• The Dune Palms Road Bridge Project (Project) (Attachment 1) is currently in construction to replace the existing low water crossing with an all-weather access bridge on Dune Palms Road at the Coachella Valley Storm Water Channel (CVSWC).
• In 2013, the City entered into a Reimbursement Agreement (Agreement) with Coachella Valley Association of Governments (CVAG) which provided 75% of the local share of costs; the Agreement was amended in 2016 and 2021 via Amendments 1 and 2 respectively, increasing the total not exceed amount of CVAG’s reimbursement to the City.
• The proposed Amendment No. 3 allows for the increase of CVAG’s regional share of the Project in the amount of $26,706 and extends the Agreement term through December 5, 2025 (Attachment 2).

FISCAL IMPACT
The Project has a current approved budget of $29,756,245. This project is funded through a combination of the following sources:

Caltrans-HBP Funding Share: $23,123,203
City of La Quinta Funding Share: $1,168,212
CVAG Funding Share including Amendments No. 1 & 2: $5,395,230 CVAG Amendment No. 3: $26,706
CVWD Funding Share: $69,600
Revised Total Cost: $29,782,951
CONSENT CALENDAR ITEM NO. 4
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BACKGROUND/ANALYSIS
The Project is currently in construction to replace the existing low water crossing with an all-weather access bridge on Dune Palms Road at the CVSWC. Widening Dune Palms Road between the bridge and Highway 111 would bring it to its ultimate roadway condition, however, it requires additional funding. The specified segment of roadway is included in the CVAG Transportation Project Prioritization Study.

In 2013, the City entered into the Agreement with CVAG which provided 75% of the local share of costs for a total not to exceed amount of $1,506,750. In 2016, Amendment 1 increased the amount by $1,862,250 and extended roadway construction from the bridge to Blackhawk Way, and in 2021 Amendment 2 increased it by $3,888,4840 to include improvements related to the alternative transportation route CV Link, for the total not exceed amount of $7,257,480.

The proposed Amendment No. 3, which was approved by CVAG’s Executive Committee on December 2, 2024, increases CVAG’s regional share of the Project by $26,706 to cover the costs of the road widening, and extends the Agreement term through December 5, 2025.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Carley Escarrega, Administrative Technician Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Vicinity Map

2. Reimbursement Agreement Amendment No. 3 with CVAG
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Dune Palms Bridge

PROJECT LOCATION
HIGHWAY 111
Vicinity Map
AVENUE 48
ATTACHMENT 1
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Contract No. CVAG-99-340-03
Project: Dune Palms Road Bridge Over Whitewater River

AMENDMENT NUMBER THREE

TO THE REIMBURSEMENT AGREEMENT

BY AND BETWEEN CVAG AND THE CITY OF LA QUINTA

PROJECT TO DESIGN AND CONSTRUCT A NEW DUNE PALMS ROAD BRIDGE OVER

THE WHITEWATER RIVER
THIS AMENDMENT NUMBER THREE, effective this 2nd day of December 2024, by and between the City of La Quinta (lead Agency) and the Coachella Valley Association of Governments, a California joint powers agency, (CVAG), and is made with reference to the following background and circumstances:

Amendment Number Three to the Reimbursement Agreement provides for CVAG to pay the regional share of the Dune Palms Road Bridge project in the amount of $26,706, inclusive of improvements related to the widening of Dune Palms Road from Highway 111 to the bridge limits.

Amendment Number Three also extends time trigger to December 5, 2025.

Summary of CVAG costs
$1,506,750
$1,862,250
$3,888,480
$ 26,706
Previously authorized and obligated:

Original Reimbursement Agreement (December 2013)
Amendment Number One (September 2016)
Amendment Number Two (December 2021)
Amendment Number Three (December 2024)
Total CVAG Not-to-Exceed $7,284,186
Consistent with CVAG Policy 21-02, this amendment shall be executed with the use of electronic or digital signatures in order to be in effect.

All other provisions in the original Reimbursement Agreement for the Dune Palms Road Bridge Project over the Whitewater River, as well as previously approved amendments, shall remain in full force and effect.

ATTACHMENT 2
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Contract No. CVAG-99-340-03
Project: Dune Palms Road Bridge Over Whitewater River
The parties hereto have caused this Amendment Number Three to be executed by their duly authorized representatives on the above-referenced date.

ATTEST: AGENCY:

CITY OF LA QUINTA
By: ______________________________ By: _____________________________ Jon McMillen, City Manager Linda Evans, Mayor
CVAG
By: _______________________________ By: _____________________________ Tom Kirk, Executive Director Ted Weill, CVAG Chair
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October 18, 2024
Jonathan Hoy
Director of Transportation
Coachella Valley Association of Governments
74-199 El Paseo, Suite 100
Palm Desert, CA 92260
Subject: Request for Increased Arterial Program Funding for the Dune Palms Road Bridge Spanning the Whitewater River
Dear Mr. Hoy,
The City of La Quinta respectfully requests the Coachella Valley Association of Governments (CVAG) approve Amendment No. 3 to the Agency Reimbursement Agreement between the City of La Quinta and CVAG for the widening of Dune Palms Road from Highway 111 to the bridge limits, increasing the Regional Arterial Program Funding Contribution for the new Bridge from $5,395,230 to $5,421,936 an increase of $26,706. It also requests Amendment No. 3 extend the term of the Agency Reimbursement Agreement through December 2025.

CVAG previously authorized and obligated the following:

Original Reimbursement Agreement, dated 12-03-2003 $1,506,750 Amendment 1, Dune Palms Road Widening North (Completed as Separate Project) dated 09-16-2016 $1,862,250
Amendment 2, Dune Palms Bridge Improvements, dated 12-06-2021 $3,888,480 Total CVAG Funding Authorization to date: $7,257,480
Phase Estimated Cost for
Bridge Project
Federal Funding
(Caltrans-HBP)
Non-Participating
Plus Local Share
Engineering/Design $2,050,000 $1,549,275 $500,725
Right of Way $1,570,554 $1,166,825 $403,729
Construction $21,760,704 $16,610,884 $5,149,820
Const. Engineering $2,764,651 $2,491,632 $273,019
Utility Agreement
(IID) $65,750 $65,750
Contingency $1,852,584.00 $1,661,088 $191,496
Total Costs: $30,064,243.00 $23,479,704 $6,584,539
Caltrans-HBP Funding Share: $23,479,704
City of La Quinta Funding Share: $1,093,003
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*CVAG Funding Share: $5,421,936
CVWD Funding Share: $69,600
Total Cost: $30,064,243
*CVAG’s Funding Share includes 100% of the requested CV Link Project Components estimated at $2,142,930.00.

The new bridge project is partially funded with Surface Transportation Program (STP) funds through the State’s Highway Bridge Program (HBP). The HBP will now provide 88.53%, up to $23,479,704, toward “participating costs” associated with the proposed all weather bridge spanning the Whitewater River on Dune Palms Road.

The increased project costs of the bridge are due to the City of La Quinta having the opportunity to widen Dune Palms Road. The widening would bring Dune Palms Road to its ultimate roadway condition. The segment of roadway is included in the CVAG TPPS, and would allow for better bicycle, pedestrian and NEV access to the CV Link.

The City of La Quinta appreciates CVAG’s consideration of increasing the Regional Arterial Program funding contribution toward the proposed new bridge on Dune Palms Road Spanning the Coachella Valley Storm Water Channel.

Please feel free to contact Bryan McKinney, P.E., Public Works Director/City Engineer, at (760) 777-7045 if you have questions or if the City can assist in expediting our funding request.

Sincerely,
Bryan McKinney, P.E.

Public Works Director/City Engineer
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: ACCEPT SPORTS COMPLEX LIGHTING REPLACEMENT PROJECT NO. 2022-04, LOCATED AT THE LA QUINTA SPORTS COMPLEX ON PARK AVENUE

RECOMMENDATION
Accept the Sports Complex Lighting Replacement Project as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; and authorize staff to release retention in the amount of $12,270 thirty-five days after the Notice of Completion is recorded.

EXECUTIVE SUMMARY
The project included removing and replacing two failing light poles at the Sports Complex with energy efficient light poles (Attachment 1).

The work is complete and Council acceptance will close the contract and allow final payment.

FISCAL IMPACT
The following is the financial accounting for Project No. 2022-04:

Original Contract Amount $ 254,800
Contract Change Order ($ 9,400)
Final Contract Amount $ 245,400
Project Budget $ 300,000
Final Contract Amount ($ 245,400)
Design, Professional, & Personnel Costs ($ 2,383)
Inspection, Survey, Plans, & Other Construction Costs ($ 26,090) Anticipated Funds Remaining* $ 26,127
* All costs to date have been accounted for and no further costs are anticipated.

CONSENT CALENDAR ITEM NO. 5
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There are adequate funds to close this project; the final retention amount of $12,270 will be paid from account number 401-0000-20600.

BACKGROUND/ANALYSIS
On January 17, 2023, Council awarded a $254,800 contract to Ace Electric.

A Notice to Proceed was issued with a 10-working day completion time starting on October 7, 2024, and ending on October 18, 2024. The project was deemed substantially complete on October 16, 2024. No liquidated damages or early completion incentives are recommended.

Contract Change Order no. 1 was issued for the cost of the bonds and a credit for the Geotech services.

The project construction effort is complete and in compliance with the plans and specifications. Staff recommends acceptance and release of the retention thirty-five days after the Notice of Completion is recorded.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Carley Escarrega, Administrative Technician Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map
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Sports Complex Lighting Replacement ATTACHMENT
1 City of La Quinta Project 2022-04
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: ACCEPT CITY HALL ROOF REPAIR PROJECT NO. 2023-32,

LOCATED AT THE CITY OF LA QUINTA CITY HALL

RECOMMENDATION
Accept the City Hall Roof Repair Project No. 2023-32 as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; and authorize staff to release retention in the amount of $23,302 thirty-five days after the Notice of Completion is recorded.

EXECUTIVE SUMMARY
The project included repairing the main section of tiled roof on the east side of City Hall and the tiled roof above the Council Chamber (Attachment 1).

The work is complete and Council acceptance will close the contract and allow final payment.

FISCAL IMPACT
The following is the financial accounting for Project No. 2023-32:

Original Contract Amount $ 464,000
Contract Change Order $2,040
Final Contract Amount $ 466,040
Project Budget $ 514,000
Final Contract Amount ($ 466,040)
Design, Professional, & Personnel Costs ($ 3,018)
Inspection, Survey, Plans, & Other Construction Costs ($ 1,849) Anticipated Funds Remaining* $ 43,093
* All costs to date have been accounted for and no further costs are anticipated.

CONSENT CALENDAR ITEM NO. 6
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There are adequate funds to close this project; the final retention amount of $23,302 will be paid from account number 401-0000-20600.

BACKGROUND/ANALYSIS
On June 18, 2024, Council awarded a $464,000 contract to Superior Roofing.

On September 24, 2024, a Notice to Proceed was issued with a 20-working day completion time starting on October 1, 2024, and ending on October 28, 2024. The project was deemed substantially complete on November 1, 2024. No liquidated damages or early completion incentives are recommended.

Contract Change Order no. 1 was issued for additional time and materials.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Carley Escarrega, Administrative Technician Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map

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City Hall Roof Repair
Base Bid: Re-use existing tile, replace roof
paper, and replace damaged plywood.

Roof Repair
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: ACCEPT EISENHOWER BASIN SLOPE REPAIR PROJECT NO. 2023-22, LOCATED ON THE WEST SIDE OF EISENHOWER DRIVE BETWEEN

AVENIDA FERNANDO AND COACHELLA DRIVE

RECOMMENDATION
Accept the Eisenhower Basin Slope Repair Project No. 2023-22 as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; and authorize staff to release retention in the amount of $25,941, thirty-five days after the Notice of Completion is recorded.

EXECUTIVE SUMMARY
• The project included repairing slopes that failed due to Tropical Storm Hilary in August 2023 (Attachment 1).
• The work is complete and Council acceptance will close the contract and allow final payment.

FISCAL IMPACT
The following is the financial accounting for Project No. 2023-22:

Original Contract Amount $ 518,815
Final Contract Amount $ 518,815
Project Budget $ 595,000
Final Contract Amount ($ 518,815)
Design, Professional, & Personnel Costs ($ 13,353)
Inspection, Survey, Plans, & Other Construction Costs ($ 3,623) Anticipated Funds Remaining* $ 59,209
* All costs to date have been accounted for and no further costs are anticipated.

There are adequate funds to close this project; the final retention amount of $25,941 will be paid from account number 401-0000-20600.

CONSENT CALENDAR ITEM NO. 7
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BACKGROUND/ANALYSIS
On August 6, 2024, Council awarded a $518,815 contract to the lowest responsive and responsible bidder, Granite Construction Company.

On October 25, 2024, a Notice to Proceed was issued with a 30-working day completion time starting on November 4, 2024, and ending on December 18, 2024. The project was deemed substantially complete on November 27, 2024. No liquidated damages or early completion incentives are recommended.

Staff will pursue reimbursement for the work from the Federal Emergency Management Agency (FEMA).

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Carley Escarrega, Administrative Technician Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment: 1. Vicinity Map
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Notes
Eisenhower Drive Retention Basin
0 2,040 4,079 Feet 8
Vicinity Map
*IMPORTANT* Maps and data are to be used for reference purposes only. Map features are approximate, and are not necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user.

REPORT PRINTED ON ... 5/5/2017 2:30:52 PM © Riverside County RCIT GIS ATTACHMENT 1
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: APPROVE: (1) TRANSFER OF FUNDS AND PROJECT NO. 2023-01 FROM AVENUE 58 IMPROVEMENTS TO MILES AVENUE PAVEMENT
REHABILITATION; AND (2) PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND

ADVERTISE FOR BID THE MILES AVENUE PAVEMENT REHABILITATION PROJECT

RECOMMENDATION
A. Approve transfer of funds and project number 2023-01 from Avenue 58 Improvements to be used for the Miles Avenue Pavement Rehabilitation.

B. Approve plans, specifications, and engineer’s estimate and authorize Staff to advertise for bid the Miles Avenue Pavement Rehabilitation Project No. 2023-01.

EXECUTIVE SUMMARY
 The Avenue 58 Improvements project has been put on hold due to ongoing development improvements to the road, and staff recommends using the available funds for the Miles Avenue Pavement Rehabilitation project, to best serve the public.
 The Miles Avenue Pavement Rehabilitation will pulverize and replace the existing pavement on Miles Avenue from Washington Street to Jefferson Street within the City limits (Attachment 1).

FISCAL IMPACT
The Avenue 58 Improvements project is included in the City’s Capital Improvement Program (CIP). There is no fiscal impact to transfer the project funds to a new project; however, it is anticipated that the Miles Avenue Pavement Rehabilitation repairs will exceed the current available budget. Staff recommends bidding the project to establish the actual construction costs, and will present a request for additional funding needed at a subsequent Council meeting based on the findings and bids. The following is the anticipated project budget:

Current Budget Anticipated Budget
Professional/Design: $ 182,850 $ 180,000
Inspection/Testing/Survey: $ 93,150 $ 95,000
Construction: $ 966,000 $ 3,810,000
Contingency: $ 138,000 $ 380,000
Total Budget: $ 1,380,000 $ 4,465,000
CONSENT CALENDAR ITEM NO. 8
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BACKGROUND/ANALYSIS
The Avenue 58 Improvements Project No. 2023-01 has been placed on hold due to ongoing development improvements to the road.

Staff recommends transferring the funds and project number to the Miles Avenue Pavement Rehabilitation project to address improvements needed from Washington Street to Jefferson Street within the City’s Limits, as the roadway pavement is at the end of its life-cycle and requires replacement.

Contingent upon approval to advertise the project for bid on December 17, 2024, the following is the project schedule:

Council Bid Authorization December 17, 2024
Bid Period December 18, 2024, to January 15, 2025
Council Considers Project Award January 21, 2025
Execute Contract and Mobilize January 22 to February 2, 2025 Construction (40 Working Days) February 3 to March 31, 2025 Accept Improvements April 2025

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Ubaldo Ayón, Assistant Construction Manager Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachment 1: Vicinity Map

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*IMPORTANT* Maps and data are to be used for reference purposes only. Map features are approximate, and are not necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user. © Riverside County GIS
Legend
Notes
REPORT PRINTED ON... 8/22/2024 1:19:25 PM

LOCATION MAP
0 1, 3,009
505
Feet
County Boundary
City Boundaries
Blueline Streams
City Areas
World Street Map
ATTACHMENT 1
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR CITY CLERK

ADMINISTRATIVE TECHNICIAN TO ATTEND THE CITY CLERK'S ASSOCIATION OF CALIFORNIA “NUTS AND BOLTS” WORKSHOP IN BREA, CALIFORNIA, FEBRUARY 6-7, 2025

RECOMMENDATION
Authorize overnight travel for the Administrative Technician in the City Clerk’s department to attend the City Clerks Association of California “Nuts and Bolts” Workshop in Brea, California, February 6-7, 2025.

EXECUTIVE SUMMARY
 The “Nuts and Bolts” Workshop is an annual course offered by the City Clerk’s Association of California (CCAC) as an introduction to Clerk’s Office tasks and responsibilities, including those associated with public meetings.  This workshop will provide an opportunity for the staff to gain in-depth knowledge of laws, procedures, and best practices as support staff for Council and City Boards and Commissions.

FISCAL IMPACT
Estimated expenses are $800, which includes registration, travel, lodging, and meals.

Funds are available in fiscal year 2024/25 City Clerk’s Travel and Training budget (Account No. 101-1005-60320).

BACKGROUND/ANALYSIS
The CCAC offers the “Nuts and Bolts” workshop annually as an opportunity for those who work in the City Clerk’s Office or who staff public meetings to learn the requirements and obtain the skills necessary to be successful and effective in their supportive roles. This workshop is a two-day intensive training that will cover subjects such as meetings, notices, public hearings, boards and commissions, working with your legislative body, elections, the Brown Act, Political Reform Act, Public Records Act, professional development, and a myriad of other topics.

CONSENT CALENDAR ITEM NO. 9
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The Administrative Technician position is support staff for Council and City Boards and Commissions and this workshop will provide essential training for their job responsibilities.

ALTERNATIVES
Council may elect not to authorize this request.

Prepared by: Oscar Mojica, Deputy City Clerk
Approved by: Monika Radeva, City Clerk
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR HUMAN RESOURCES

DEPUTY DIRECTOR AND HUMAN RESOURCES TECHNICIAN TO ATTEND THE PUBLIC AGENCY RISK MANAGEMENT ASSOCIATION 2025 CONFERENCE IN ANAHEIM, CALIFORNIA, FEBRUARY 23-26, 2025

RECOMMENDATION
Authorize overnight travel for the Human Resources Deputy Director and Human Resources Technician to attend the Public Agency Risk Management Association Conference in Anaheim, California, February 23-26, 2025.

EXECUTIVE SUMMARY
 The Public Agency Risk Management Association (PARMA) is a network of California risk management professionals and risk management service providers.  PARMA is dedicated to the professional development of all California public agency risk management personnel and promotes risk management as a critical component of public agency fiscal health.
 Staff will gain knowledge in liability, workplace safety, workers’ compensation, and risk management.

FISCAL IMPACT
Estimated expenses for both attendees are $2,994, which includes registration, travel, lodging, parking, and meals. Funds are budgeted in the fiscal year 2024/25 Human Resources’ Travel and Training budget (Account No.101-1004-60320).

BACKGROUND/ANALYSIS
The PARMA Conference is for California public agency personnel, specifically targeting professionals in risk management. This conference offers valuable networking and professional development opportunities, focusing on key areas such as risk management, workers' compensation, liability, management, and safety/health. For three days, participants can attend various workshops and listen to keynote speakers, CONSENT CALENDAR ITEM NO. 10
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who will share expert insights and practical strategies to navigate the challenges and best practices in these critical fields. The conference is designed to equip attendees, especially those in Human Resources and Risk, with the latest information and tools necessary for effective risk management within public agencies.

ALTERNATIVES
Council could deny this travel request or reduce the number of attendees. However, this alternative is not recommended as this training allows staff to collaborate and stay current with risk management issues.

Prepared by: Elizabeth Chaudhry, Human Resources Technician Approved by: Alcadia Carla Triplett, Human Resources Deputy Director 74 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR HUMAN RESOURCES

DEPUTY DIRECTOR TO ATTEND THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY 2025 SUPERVISOR ACADEMY CONFERENCE IN SAN DIEGO, CALIFORNIA, JANUARY 13-16, 2025

RECOMMENDATION
Authorize overnight travel for the Human Resources Deputy Director to attend the California Joint Powers Insurance Authority Supervisor Academy in San Diego, California, January 13-16, 2025.

EXECUTIVE SUMMARY
 The California Joint Powers Insurance Authority (CJPIA) is holding a new Supervisor Academy (Academy) to equip managers and supervisors with innovative tools and resources to enhance employee performance and motivation.  CJPIA hosts multiple annual educational events for its members, providing essential tools for member agencies to stay engaged and up to date on a variety of risk management topics.
 The Human Resources Deputy Director will acquire knowledge on refining citywide processes and programs, including recruitment, onboarding, professional development, training, and employee management.

FISCAL IMPACT
Estimated expenses are $450, which includes registration, travel, lodging, parking, and meals. Funds are budgeted in the fiscal year 2024/25 Human Resources’ Travel and Training budget (Account No. 101-1004-60320).

BACKGROUND/ANALYSIS
CJPIA is dedicated to creating innovative risk management solutions and long-term strategies to address the evolving risks faced by public agencies. CJPIA also provides comprehensive training tools to support the improvement of City programs, understanding that well-trained employees and robust City programs are essential for effective risk management.

CONSENT CALENDAR ITEM NO. 11
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The Academy offers an intensive three-day training program in which participants engage in discussions and learn about various topics, including the employee lifecycle, recruitment, candidate selection, onboarding, mid-career management, professional development, training, employee management, succession planning, and offboarding.

ALTERNATIVES
Council may elect not to approve this travel and training request. However, this alternative is not recommended as this training enables the Human Resources Deputy Director to collaborate with other agencies and stay updated on new approaches to improving various employee programs.

Prepared by: Alcadia Carla Triplett, Human Resources Deputy Director Approved by: Jon McMillen, City Manager
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: EXCUSE ABSENCE OF COMMISSIONER PALTIN FROM DECEMBER 11, 2024, QUARTERLY HOUSING COMMISSION MEETING

RECOMMENDATION
Excuse absence of Commissioner Priscilla Paltin from the December 11, 2024, quarterly Housing Commission meeting.

EXECUTIVE SUMMARY
 Commissioner Paltin requested to be excused from the December 11, 2024, quarterly Housing Commission meeting due to scheduling conflicts.  Commissioner Paltin has no excused or unexcused absences for fiscal year 2024/25.

FISCAL IMPACT
Absent members do not receive any meeting compensation.

BACKGROUND/ANALYSIS
Section 2.06.090 of the La Quinta Municipal Code states: “If any member of a board, commission or committee absents him or herself from two consecutive regular meetings or absents him or herself from a total of three regular meetings within any fiscal year, his/her office shall become vacant and shall be filled as any other vacancy. A board, commission or committee member may request advance permission from the city council to be absent at one or more regular meetings due to extenuating circumstances, and/or may request the city council to excuse an absence after-the-fact where such extenuating circumstances prevented the member from seeking advance permission to be absent. If such permission or excuse is granted by the city council, the absence shall not be counted toward the above-stated limitations on absences.”

ALTERNATIVES
Council may deny this request, which would result in the absence being counted toward the Commissioners’ limitation on absences as noted above.

Prepared by: Oscar Mojica, Deputy City Clerk
Approved by: Monika Radeva, City Clerk
CONSENT CALENDAR ITEM NO. 12
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: APPROVE RECIPIENT OF THE 2025 LA QUINTA SENIOR

INSPIRATION AWARD

RECOMMENDATION
Approve recipient of the 2025 La Quinta Senior Inspiration Award.

EXECUTIVE SUMMARY
 Riverside County’s annual Senior Inspiration Award Program (SIA) recognizes outstanding senior citizens for their volunteer service.  Each Coachella Valley city nominates a resident and/or volunteer for this program.

Staff requested nominations from local community organizations.  The Arts and Community Services Commission (ACSC) reviewed the nominations and is recommending Mario Sewell for the SIA.

FISCAL IMPACT - None

BACKGROUND/ANALYSIS
Riverside County’s annual SIA recognizes senior citizens, 65 years of age or older, for their volunteerism and active engagement in the community. Staff solicited nominations from several local organizations including Greater Coachella Valley Chamber of Commerce, La Quinta Historical Society, La Quinta Rotary Club, and Riverside County Fire Department. Two nominations were received (Attachment 1):
 Patty Anderson – Nominated by Friends of the Desert Mountains  Mario Sewell – Nominated by Cove Neighborhood Association Only one nomination can be submitted from each Coachella Valley city. The ACSC reviewed and discussed the nominees during the December 9, 2024, Commission meeting and unanimously recommended Mario Sewell for the 2025 SIA.

Mario Sewell has been a La Quinta resident for over 20 years and has volunteered in a variety of capacities including soliciting items from friends and community members to assembling care packages for military personnel in Afghanistan and tutoring students at CONSENT CALENDAR ITEM NO. 13
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Las Palmitas and Jackson elementary schools in Mecca, California. For over 8 years, Mr.

Sewell has been a volunteer for First Book, a nonprofit organization that provides books to elementary students in low-income communities; and is also an active volunteer with several other organizations including Read With Me, American Civil Liberties Union (ACLU), Indivisible, and Inland Coalition for Immigrant Justice.

The award will be presented at the annual SIA luncheon on Wednesday, March 27, 2025, at the Fantasy Springs Resort Special Events Center in Indio.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Michael Calderon, Management Analyst
Approved by: Christina Calderon, Community Services Deputy Director Attachment: 1. SIA Nominations
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Riverside County Supervisor V. Manuel Perez presents
33 rd ANNUAL

SENIOR INSPIRATION AWARDS
2025
The Senior Inspiration Awards is a beloved event in its 33rd year. Every year, the County of Riverside and the Coachella Valley's nine cities honor senior citizens 60 years of age and older who inspire others through their volunteerism and active engagement in the community. This annual event honors these unsung heroes for their ongoing contribution and dedication to our communities.

If you would like to nominate someone for this honor, please complete this form and return to Caroline Doran, Attention: Caroline Doran at 78450 Avenida La Fonda, La Quinta, CA 92253 or via email at [email protected] Community Nomination Form Deadline: November 15, 2024
Eligible recipients must:
•Be at least 60 years old
•Reside and/or volunteer in the Coachella Valley or Palo Verde Valley •Be actively involved in community affairs for a lengthy period of time •Deserve to receive recognition and/or may not otherwise receive recognition for his or her service to the community •Personify a healthy, active, and contributing attitude and lifestyle Nominee
Name of Nominee _______________________________________________ Phone ____________________________ Mailing Address ___________________________________________________________________________________ Email _______________________________________
Organization Individual Volunteers With _________________________________________________________________ Years with Organization _______________________________ Hours Volunteered ___________________________________
Name of non-profit selected to receive $1,000 donation on behalf of the nominee: (Acceptable non-profits must have an emphasis on Health, Mental health, and Juvenile intervention.) ____________________________________________________ Nominator
Name of Nominator _______________________________________________ Phone ________________ City or Organization _____________________________________ Email __ _______________ Reason for Nomination _________________________________________________________________________ Patty Anderson 909-214-1395
[email protected]
Friends of the Desert Mountains
10 years
3123hours
Tammy Martin
Friends of the Desert Mountains t
Ms. Patty Anderson began volunteering for Friends of the Desert Mountains (FODM) in 2013 during the winter season at the Friends of the Desert Mountains Gift Shop. Ms. Anderson has great love for the outdoors, and began assisting with low desert trail maintenance in the winter, and higher elevation maintenance repairing the Pacific Crest Trail during the summer in the San Jacinto Mountains. As Friends of the Desert Mountains expanded their volunteer programs, Patty offered her expertise in developing the website calendar and other technology programs. Patty's background in software develpment became hlepful when FODM intitiated a new POS system in the gift shop. With her guidance all went smoothly.

ATTACHMENT 1
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Patty is an inspiration to all volunteers and is always willing to offer her assistance and expertise.

During her free time, she explores and hikes with friends on trails within the Coachella Valley.

Ms. Paty Anderson is the nomina�on of Tammy Mar�n from Friends of the Desert Mountains. Upon further inquiry Paty is instrumental in assis�ng with many facets. Not only upda�ng the website calendar, but she is the person who resolves issues with the inventory system in their gi� shop.

When Ms. Anderson is not indoors solving computer problems, she is outdoors repairing the trails in the San Jacinto Mountains (30+ miles have been repaired). Trails in the lower desert have been maintained and repaired (Palm Springs, Rancho Mirage, Palm Desert and our very own City of La Quinta Trails). Ms.

Anderson assisted with crea�ng the trail in the Indio Badlands, and the new Kim Nicol trail. Of the ten years with FODM over 500 miles were worked on by Ms. Anderson and the FODM team.

Ms. Anderson volunteers in the Annual Public Lands Day FODM property clean-up, she helps man the watch tower located in San Jacinto Mountain Range, she is the lead person for one of the many different zones at the Annual Coachella Valley Wildflower Festival which is a huge success.

Foremost, Ms. Anderson promotes FODM by taking many photos to promote all the wonderful activities FODM is involved in.
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Riverside County Supervisor V. Manuel Perez presents
33rd ANNUAL

SENIOR INSPIRATION AW ARDS
2025

NOMINATION FORM
The Senior Inspiration Awards is a beloved event in its 3yd year. Every year, the County of Riverside and the Coachella Valley's nine cities honor senior citizens 60 years of age and older who inspire others through their volunteerism and active engagement in the community. This annual event honors these unsung heroes for their ongoing contribution and dedication to our communities.

If you would like to nominate someone for this honor, please complete this form and return to Caroline Doran,Senior Community Services Specialist. Attention: Caroline Doran at 78450 Avenida La Fonda, La Quinta, CA 92253 or via email at [email protected] Community Nomination Form Deadline: November 15, 2024
Eligible recipients must:
•Be at least 60 years old
•Reside and/or volunteer in the Coachella Valley or Palo Verde Valley •Be actively involved in community affairs for a lengthy period of time •Deserve to receive recognition and/or may not otherwise receive recognition for his or her service to the community •Personify a healthy, active, and contributing attitude and lifestyle Nominee
Name of Nominee Mario Sew ell Phone 760-771-8068
Mailing Address 54-480 Avenida Rubio
Email marios ew [email protected]
Organization Individual Volunteers With _S_e_e_ a_tt_a_c_h_e_d ____________________ Years with Organization __ 2__________ _0 _
Hours Volunteered Many 1 OO's
Name of non-profit selected to receive $1,000 donation on behalf of the nominee: (Acceptable non-profits must have an emphasis on Health, Mental health, and Juvenile intervention.) ------------------ First Book --- Nominator
Name of Nominator Edward Arm endar ez Phone
City or Organization Cove Neighborhood Assoc. Email
Reason for Nomination Se e attached
----------------------------
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Mario Sewell, age 86 years, La Quinta resident for over 20 years. ▪ Solicited items from friends to send care packages to military personnel in Afghanistan. Items were taken to the 29 Palms Marine base for soldiers serving.
▪ Became a local volunteer for First Book (8 -10 years), providing books to primary grade students in low income areas. Mario directed these books to Las Palmitas School in Mecca.
▪ Tutored students at Las Palmitas and Jackson schools for several years, including the Read with Me program.
▪ Offered a series of continuing education classes on foreign films at UCR Osher in Palm Desert and at the LQ Wellness Center. ▪ Participates in continuing education classes in writing and films and in fitness, meditation and yoga programs at the LQ Fitness Center. ▪ Is a long-time advocate for civil rights through various organizations in Coachella and La Quinta.
• Volunteer with ACLU, Indivisible, Inland Coalition for Immigrant Justice and Comite de Lideres Compecinas. Comite de Lideres Compecinas support farmworker women with knowledge about their rights.
▪ Over the years, Mario opened his unique Cove home to friends and non-profit groups, displaying the large Mexican original art collection curated by his late wife, Sandy.
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2023/24 MEASURE G SALES

TAX COMPLIANCE REPORT

RECOMMENDATION
Receive and file fiscal year 2023/24 Measure G Sales Tax Compliance Report.

EXECUTIVE SUMMARY
 Measure G revenue for fiscal year 2023/24 was $15,471,183 and the Measure G reserve balance as of June 30, 2024 was $32,985,374.
 The Financial Advisory Commission (FAC) provides oversight of Measure G revenue and prepares an annual Measure G Sales Tax Oversight Report (Report) to ensure Measure G revenue is used in compliance with the ballot initiative.  At the FAC’s special meeting on December 4, 2024, the full Commission formally received and filed the Report.

FISCAL IMPACT - None

BACKGROUND/ANALYSIS
In accordance with the Measure G ballot measure, the FAC provides oversight of Measure G funds. This Measure G Report was prepared by the Finance Department with assistance from FAC members (Commissioners Lee, Mast, and Way). The Report was presented, received, and filed at a special FAC meeting on December 4, 2024; and will be posted to the City’s website.

The Annual Measure G Sales Tax Oversight Report for Fiscal Year 2023/24 (Attachment 1) covers the period from July 1, 2023, through June 30, 2024, and provides a summary of the Measure G revenue and expenditures for the fiscal year, as well as an inceptionto-date summary.

CONSENT CALENDAR ITEM NO. 14
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ALTERNATIVES
Council may request additional information before filing this Report.

Prepared by: Claudia Martinez, Finance Director
Approved by: Jon McMillen, City Manager
Attachment: 1. Annual Measure G Sales Tax Oversight Report for Fiscal Year Ended June 30, 2024
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ANNUAL MEASURE G SALES TAX OVERSIGHT
REPORT FOR FISCAL YEAR ENDED JUNE 30, 2024

OVERVIEW
The Financial Advisory Commission (FAC) provides oversight of Measure G tax revenue.

This Annual Measure G Sales Tax Oversight Report covers the fiscal year beginning July 1, 2023 through June 30, 2024. Exhibit A includes a detailed summary of all Measure G activity.

Measure G is a 1% transactions tax applied to sales of taxable goods and is part of the overall 8.75% sales tax rate in the City. It applies to goods transferred at the point of sale (businesses within La Quinta City limits), and to goods purchased in other jurisdictions that are delivered to addresses within the City.

Measure G revenue continues to help La Quinta thrive and is integral to the financial health of the City. These funds assist in realizing the Sacred Values of La Quinta now and in the future: Fiscal Sustainability, Health and Wellness, a Vibrant and Safe Community, a Visually Beautiful City, and Cultural Diversity, to continue being recognized as the “The Gem of the Desert”.

Cactus Flower Landscape Improvements

REPORT HIGHLIGHTS
Fiscal Year 2023/24
 Revenue from Measure G was $15.5 million, remaining at a healthy level and just

1.3% below budgeted expectations and the prior fiscal year’s revenue.  An allocation of $7 million was made toward citywide infrastructure and public recreational facility improvements, creating lasting assets for public use and enjoyment.
 The City invested $5 million in public safety services, which continues to be a top priority for La Quinta.
 An additional $4 million was added to Measure G reserves, bringing the total to $33 million. These reserves provide operational flexibility, support public safety services, and facilitate the efficient execution of capital improvement projects, including funding for specific ongoing and future initiatives.

ATTACHMENT 1
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2 Since Inception
 To date, $93 million in total Measure G funds has been collected, and the City continues to utilize these funds in alignment with the original intent of Measure G.  Since inception, $34 million or 37% of Measure G funds have been allocated to improving citywide infrastructure and public recreational facilities.  Public safety services are a priority of La Quinta and have been supported with $26 million or 28% of Measure G funds.
 Fiscally responsible budgeting, prudent long-term financial projections, funds oversight, and financial transparency have strengthened the City’s reserves with Measure G funds since the implementation of Measure G in April 2017.

FISCAL YEAR 2023/24 REVENUES
Total Measure G sales tax revenue for fiscal year 2023/24 was $15.5 million, which was slightly lower than the $15.7 million initially anticipated when budgeted. Revenue trends remain slightly lower than the prior year overall. While the recent reduction of interest rates has eased financing costs, personal consumption forecasts remain subdued for the remainder of 2024. Consumers appear hesitant to significantly increase spending, likely waiting for greater improvements in household economic conditions. This cautious behavior may result in a slow rise in revenues in the upcoming years.

REVENUES SINCE INCEPTION
The chart below summarizes Measure G revenue received from fiscal years 2016/17 through 2023/24. While Measure G sales tax revenue for fiscal year 2023/24 fell slightly below initial projections, the broader economic environment continues to influence spending behavior. As household economic conditions gradually improve, revenue growth is expected to recover, although at a measured pace. Staff will closely monitor these trends and adjust projections as needed to ensure prudent financial planning for the years ahead.
$-
$5
$10
$15
$20
16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 Millions Fiscal Year

REVENUES SINCE INCEPTION
$93 MILLION
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3 FISCAL YEAR 2023/24 USES
Operational expenses and capital improvements for fiscal year 2023/24 were prioritized, while also including a prudent reserve allocation for operational flexibility in the budget.

By allocating a portion of Measure G revenue to reserves, the City intends to continue to preserve and support public safety and capital projects in the future.

USES SINCE INCEPTION
Annually, the City hosts a community workshop to either affirm or determine the following year’s budget priorities. Staff then evaluates funding options such as grants, interagency cost sharing, and use of reserves. Public safety services have been a community priority since before Measure G, and with the support of this additional revenue, the City has been able to maintain the public safety service levels the community desires.

The chart below summarizes the uses, since the inception, of Measure G funds.

Approximately, $34 million, or 37% of these funds are for projects to improve citywide infrastructure and public recreational facilities.
 Public Safety use reflects the City’s continuing commitment to providing all residents with a safe living environment.
 Infrastructure improvement projects have included numerous road repairs, street striping projects, drainage improvements to avoid street flooding, an investment in Highway 111 (a crucial commercial corridor for our City where a majority of sales taxes are generated), an overhaul of landscape medians north of Highway 111, and the design of an updated corporate yard with administrative and crew quarters.  Recreation projects have included funding for the new X-Park near La Quinta High School, the SilverRock event site, design of a new future Village Art Plaza 89 CLICK HERE to Return to Agenda
4 Promenade connected to the La Quinta Museum, Fritz Burns Park improvements, and the Sports Complex lighting replacement.
 Measure G reserves reflect fiscal responsibility and allow for operational flexibility by ensuring cash is available for public safety services and capital improvement projects for specific and ongoing future initiatives.

The chart below summarizes citywide infrastructure improvements and recreational projects, totaling $34 million funded with Measure G revenues.

LOOKING AHEAD
As La Quinta continues to navigate economic challenges and opportunities, Measure G remains a cornerstone of the City’s ability to meet the community’s needs and priorities.

Looking forward, the City is committed to leveraging Measure G funds to support projects that sustain our vibrant community. Emphasis will be placed on critical areas such as:
 Critical electrical infrastructure improvements
 Public Safety
 Road and transportation improvements
 Revitalization of the Highway 111 Corridor
These efforts reflect La Quinta’s dedication to fiscal responsibility, community engagement, and its mission to foster a safe, beautiful, and thriving environment for all.

Measure G revenue remains a foundation of La Quinta’s success, ensuring the City’s financial health while supporting its Sacred Values: Fiscal Sustainability, Health and Wellness, a Vibrant and Safe Community, a Visually Beautiful City, and Cultural Diversity.

These funds enable La Quinta to uphold its identity as “The Gem of the Desert” for generations to come.
$1.9M
$9.8M
$6.9M
$3.4M
$5.6M
$4.3M
$1.8M
$0 $2 $4 $6 $8 $10 $12
City Facilities/Other
Landscaping
Parks
Drainage
Roads/Bridges
Highway 111
Public Safety
Camera System
Millions
Infrastructure Improvements and
Recreational Projects
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5 MEASURE G BACKGROUND AND COMPLIANCE SUMMARY
Voters passed Ballot Measure G in November 2016. Measure G provides a permanent one percent transactions and use tax, effective April 1, 2017, which is fully allocated to the City of La Quinta and protected from State takeaways.

All Measure G revenues shall be used in accordance with the ballot measure for costs including police protection, projects such as parks, streets, landscaping, and flood mitigation, programs attracting businesses, youth/senior services, sports recreation programs, and preserving property values and quality of life. This report confirms all Measure G tax revenues are properly recorded and are being used in accordance with the ballot measure.

City Council, management, and staff thank all residents for their continuing support and investment in our community.

Prior oversight reports and information on Measure G are located online at https://www.laquintaca.gov/business/tax-measure. Questions regarding this report or the use of Measure G funds may be directed to the Finance Department by calling 760-777- 7150 or by email at [email protected].
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Fiscal Year (FY)
2016/17 Actual $ 1,462,650
2017/18 Actual 9,967,657
2018/19 Actual 10,958,118
2019/20 Actual 10,310,526
2020/21 Actual 12,594,389
2021/22 Actual 15,615,802
2022/23 Actual 16,088,087
2023/24 Actual 15,471,183
TOTAL 92,468,412 $
Fiscal
Year Operational Capital Reserves Total by Year
2016/17 Eisenhower Dr. Retention Basin 750,000
X-Park Funding 712,650 - 1,462,650
2017/18 Public Safety Fund 300,000
North La Quinta Landscape Improvements 1,802,576
Citywide Drainage Enhancements 2,407,373
La Quinta Village Road Diet Project 1,972,158
X-Park Funding 147,350
Alongi Building Improvements 800,000
SilverRock Event Site/ Alongi Building/ Retention Basin 1,453,850 Measure G Reserves 2017/18 1,084,350 9,967,657
2018/19 Public Safety Fund 850,000
Public Safety Contract Services 2,100,000
Citywide Drainage Enhancements 194,730
North La Quinta Landscape Improvements 2,129,613
SilverRock Event Site 1,300,000
Measure G Reserves 2018/19 4,383,775 10,958,118
2019/20 Public Safety Contract Services 2,750,000
Corporate Yard Administration/Crew Quarters 411,013
Highway 111 Corridor Improvements 1,000,000
North La Quinta Landscape Improvements 3,703,369
Village Art Plaza Promenade 310,000
Measure G Reserves 2019/20 2,136,144 10,310,526
2020/21 Public Safety Contract Services 4,545,000
X-Park Landscaping 275,000
Highway 111 Corridor Improvements 250,000
Measure G Reserves 2020/21 7,524,389 12,594,389
2021/22 Public Safety Contract Services 5,163,000
Landscape Renovation Improvements 1,408,356
Highway 111 Corridor Improvements 1,000,000
Fritz Burns Park Improvements 350,000
Allocate Advance Dune Palms Bridge Funding 7,468,061
Measure G Reserves 2021/22 226,385 15,615,802
2022/23 Public Safety Contract Services 5,100,000
Landscape Renovation Improvements 500,000
Sports Complex Lighting 300,000
Village Underground Utilities Feasibility 100,000
ADA Transition Plan Update 150,000
Village Parking Lot 500,000
Phase II Public Safety Camera System 1,797,000
Smart Infrastructure Feasibility 250,000
Highway 111 Corridor Improvements 1,000,000
Dune Palms Bridge Advance Funding Reimbursement (7,468,061) Measure G Reserves 2022/23 13,859,148 16,088,087
2023/24 Public Safety Contract Services 5,100,000
1,000,000
2,400,000
1,500,000
500,000
1,200,000
Highway 111 Corridor Improvements
Avenue 48 Art & Music Line
Fritz Burns Park Improvements
Highway 111 Event Site
Washington St. Connector to Art & Music Line
Measure G Reserves 2023/24 3,771,183 15,471,183
TOTAL $ 25,908,000 $ 33,575,038 $ 32,985,374 $ 92,468,412 28% 36% 36%

MEASURE G REVENUES AND USES SUMMARY

REVENUES

MEASURE G USES
Project Description

CITY OF LA QUINTA
EXHIBIT A 92 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE FIRST QUARTER FISCAL YEAR 2024/25 TREASURY REPORTS FOR JULY, AUGUST, AND SEPTEMBER 2024

RECOMMENDATION
Receive and file the first quarter fiscal year 2024/25 Treasury Reports for July, August, and September 2024.

BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio decreased $23.1 million, from $279.2 million at the end of June to $256.1 million at the end of September. In addition to normal operating expenditures, the decrease was due to the payment of Successor Agency debt service obligations that are due in August. The portfolio is within policy limits for investment types and total allocation by type, and is also within policy guidelines for investment ratings.

The chart below shows the portfolio policy compliance in market value, which changed from $275.5 million in June to $255.9 million in September, a decrease of $19.6 million.

This differs from the book value decrease due to market valuation fluctuations in response to interest rates dropping.

The annualized total rate of return was 3.86% as of September, and the portfolio yield to maturity was 3.76%. Total interest received for the quarter was just under $2.0 million, while interest earned, including accrued and not yet received was $2.6 million. City staff routinely evaluates liquidity needs while also monitoring market trends; we are closely watching the treasury market, which had significant decreases in yields from June to September. We are continuing to utilize the California Asset Management Program (CAMP) which is yielding more than the Local Agency Investment Fund (LAIF), for shortCONSENT CALENDAR ITEM NO. 15 93 CLICK HERE to Return to Agenda
term investing, but may shift money between the funds as appropriate. The City also continues to use a sweep function on both our operating account and our custody bank cash account, whereby funds are placed into highly-rated government funds (Invesco Treasury Portfolio – ticker TYCXX and First American Treasury Fund – ticker FUZXX) that earn interest until such time that money is reinvested or used for operations. We will continue to monitor these funds as well, and utilize longer term investments as the shortterm yield environment responds to the Fed’s decreases in the federal funds rate.

Throughout the quarter, five federal agency bonds, three treasuries, and eleven CDs matured. Three federal agency bonds, eight treasuries, and twenty-three CDs were purchased, as well as two new CAMP TERM investments. Maturities and purchases are listed in detail in the attached reports.

Recently, the City selected Tracker as our new software for treasury reporting. The data contained in the attached report consists of substantially the same information as in prior reports, but also includes various charts and comparison tools previously unavailable.

The conversion to the new software took place over the summer, with archived data going back to March 2024 in order to confirm accuracy and establish history. As the year progresses and more months are entered, some charts may include 6, 9, or 12 months of history in addition to the current quarter.

Other Notes
Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested longterm; therefore SA funds are only invested in LAIF.

Looking Ahead
The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed.

Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months.

Total Interest
Received
Yield to
Maturity (YTM)
Annualized
Total Rate of
Return
July $ 691,498 3.92% 3.97%
August $ 684,197 3.79% 3.78%
September $ 622,921 3.76% 3.86%
Quarter 1 1,998,617 $ 3.82% 3.87%
94 CLICK HERE to Return to Agenda
ALTERNATIVES – None
Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for July 1, 2024 to September 30, 2024 95 CLICK HERE to Return to Agenda
-- CALIFORNIA --
City of La Quinta
Investment Portfolio
Quarterly Investment Report
July 31, 2024
COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end.

Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM@Cost Days To Maturity CAMP 52,084,067.32 52,084,067.32 52,084,067.32 18.97 5.25 228 CERBT OPEB Trust 2,006,405.56 2,006,405.56 2,006,405.56 0.73 2.85 1 Fiscal Agent - Debt Service 1,676.63 1,676.63 1,676.63 0.00 4.76 1 Fixed Income Investments 149,213,000.00 146,201,063.96 148,489,168.72 54.08 3.10 927 Housing Authority - LQPR 175,408.49 175,408.49 175,408.49 0.06 0.00 1 Housing Authority - DPME 1,007,758.28 1,007,758.28 1,007,758.28 0.37 0.00 1 Housing Authority - LAIF 2,152,117.36 2,156,553.05 2,152,117.36 0.78 4.52 1 LAIF 20,087,045.97 20,128,447.06 20,087,045.97 7.32 4.52 1 Money Market at Custodian 5,468,514.93 5,468,514.93 5,468,514.93 1.99 5.16 1 Operating Funds 37,311,068.79 37,311,068.79 37,311,068.79 13.59 5.17 1 PARS Pension Trust 5,812,275.71 5,812,275.71 5,812,275.71 2.12 2.62 1 Total/ Average 275,319,339.04 272,353,239.78 274,595,507.76 100.00 3.92 545 Claudia Martinez, Finance Director/City Treasurer
1 ATTACHMENT 1
96 CLICK HERE to Return to Agenda
Portfolio Name Allocation
Portfolio Name
Market Value
4/30/2024
% of Portfolio
4/30/2024
Market Value
7/31/2024
% of Portfolio
7/31/2024
CAMP 51,555,049.77 20.86 52,084,067.32 19.12
CERBT OPEB Trust 1,999,431.68 0.81 2,006,405.56 0.74
Fiscal Agent - Debt Service 1,656.88 0.00 1,676.63 0.00 Fixed Income Investments 145,177,988.08 58.73 146,201,063.96 53.68 Housing Authority - LQPR 158,952.57 0.06 175,408.49 0.06 Housing Authority - DPME 943,815.50 0.38 1,007,758.28 0.37 Housing Authority - LAIF 2,096,673.04 0.85 2,156,553.05 0.79 LAIF 19,341,011.47 7.82 20,128,447.06 7.39
Money Market at Custodian 3,010,440.61 1.22 5,468,514.93 2.01 Operating Funds 17,418,183.19 7.05 37,311,068.79 13.70
PARS Pension Trust 5,478,141.39 2.22 5,812,275.71 2.13
Total / Average 247,181,344.18 100.00 272,353,239.78 100.00 Portfolio Holdings as of 4/30/2024 Portfolio Holdings as of 7/31/2024 Begin Date: 4/30/2024, End Date: 7/31/2024 All Portfolios Distribution by Portfolio Name - Market Value
City of La Quinta | CA
2 97 CLICK HERE to Return to Agenda
Asset Category Allocation
Asset Category
Market Value
4/30/2024
% of Portfolio
4/30/2024
Market Value
7/31/2024
% of Portfolio
7/31/2024
Certificate of Deposits | 30 % 38,955,230.08 15.76 39,387,290.46 14.46 Checking | Savings | Sweep Accounts 1,106,068.07 0.45 1,186,466.77 0.44 Corporate Notes | 30 % 2,396,680.00 0.97 2,467,130.00 0.91 Investment Pools 72,992,734.28 29.53 74,369,067.43 27.31 Money Market Mutual Funds | 20 % 20,426,980.68 8.26 42,777,960.35 15.71 Trusts Not Subject to Policy 7,477,573.07 3.03 7,818,681.27 2.87 US Agency | 100 % 58,917,033.00 23.84 57,487,621.00 21.11 US Treasury | 100 % 44,909,045.00 18.17 46,859,022.50 17.21 Total / Average 247,181,344.18 100.00 272,353,239.78 100.00 Portfolio Holdings as of 4/30/2024 Portfolio Holdings as of 7/31/2024 Begin Date: 4/30/2024, End Date: 7/31/2024 All Portfolios Distribution by Asset Category - Market Value
City of La Quinta | CA
3 98 CLICK HERE to Return to Agenda
Maturity Range Allocation
Maturity Range
Market Value
4/30/2024
% of Portfolio
4/30/2024
Market Value
7/31/2024
% of Portfolio
7/31/2024
0-1 Month 106,226,508.72 42.98 87,639,695.01 32.18
1-3 Months 6,445,710.96 2.61 6,708,978.67 2.46
3-6 Months 12,593,013.64 5.09 9,878,928.81 3.63
6-9 Months 9,810,375.85 3.97 15,593,495.85 5.73
9-12 Months 6,256,619.26 2.53 36,800,717.50 13.51
1-2 Years 25,158,018.16 10.18 25,653,310.40 9.42
2-3 Years 27,871,336.24 11.28 29,354,248.84 10.78
3-4 Years 24,339,261.71 9.85 29,230,196.09 10.73
4-5 Years 28,480,499.64 11.52 31,493,668.61 11.56
Total / Average 247,181,344.18 100.00 272,353,239.78 100.00 Portfolio Holdings
Begin Date: 4/30/2024, End Date: 7/31/2024 All Portfolios Distribution by Maturity Range - Market Value
City of La Quinta | CA
6 99 CLICK HERE to Return to Agenda
City of La Quinta | CA
Portfolio Holdings
Percent of Portfolio Use This
Report Format: By Transaction
Group By: Security Type
Average By: Market Value
Portfolio / Report Group: All Portfolios
As of 7/31/2024
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Cash
BMO Bank | LQ Palms Realty Cash LQPR1935 Checking | Savings | Sweep Accounts 0.06 3/31/2024 0.000 0.000 175,408.49 175,408.49 175,408.49 N/A BMO Suntrust | Dune Palms Cash DPME4741-3599 Checking | Savings | Sweep Accounts 0.37 3/31/2024 0.000 0.000 1,007,758.28 1,007,758.28 1,007,758.28 N/A City of La Quinta Cash PETTYCASH Checking | Savings |
Sweep Accounts 0.00 3/31/2024 0.000 0.000 3,300.00 3,300.00 3,300.00 N/A Sub Total / Average Cash 0.44 0.000 0.000 1,186,466.77 1,186,466.77 1,186,466.77 Corporate Bond
Blackrock Funding Inc 4.7 3/14/2029-
29 09290DAA9 Corporate Notes | 30%

0.37 3/28/2024 4.700 4.623 1,000,000.00 1,010,860.00 1,003,147.09 3/14/2029 International Finance Corp 0.5
2/26/2026 45950VPS9 Corporate Notes | 30%

0.17 2/26/2021 0.500 0.610 500,000.00 470,710.00 499,152.50 2/26/2026 Walmart Inc 3.7 6/26/2028-28 931142EE9 Corporate Notes | 30 %

0.36 6/26/2023 3.700 4.303 1,000,000.00 985,560.00 979,014.14 6/26/2028 Sub Total / Average Corporate
Bond 0.91 3.499 3.729 2,500,000.00 2,467,130.00 2,481,313.73 FFCB Bond
FFCB 0.5 6/9/2025 3133ELH23 US Agency | 100 % 0.18 6/9/2020 0.500 0.506 500,000.00 481,580.00 499,974.40 6/9/2025 FFCB 0.68 6/10/2025-22 3133ELH80 US Agency | 100 % 0.18 6/10/2020 0.680 0.680 500,000.00 480,770.00 500,000.00 6/10/2025 FFCB 0.71 8/10/2026-23 3133EM2C5 US Agency | 100 % 0.17 8/10/2021 0.710 0.792 500,000.00 464,760.00 499,190.66 8/10/2026 FFCB 0.8 9/10/2026 3133EM4X7 US Agency | 100 % 0.34 9/28/2021 0.800 0.985 1,000,000.00 930,520.00 996,200.74 9/10/2026 FFCB 0.97 12/9/2024-22 3133ENGN4 US Agency | 100 % 0.36 12/9/2021 0.970 0.970 1,000,000.00 983,540.00 1,000,000.00 12/9/2024 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency | 100 % 0.34 11/2/2021 1.270 1.270 1,000,000.00 933,360.00 1,000,000.00 11/2/2026 FFCB 1.6 9/17/2024 3133EKP75 US Agency | 100 % 0.18 9/17/2019 1.600 1.652 500,000.00 497,485.00 499,968.73 9/17/2024 FFCB 1.7 9/17/2024 3133ELEA8 US Agency | 100 % 0.37 12/17/2019 1.700 1.731 1,000,000.00 995,100.00 999,962.34 9/17/2024 FFCB 3.375 9/15/2027 3133ENL99 US Agency | 100 % 0.36 9/15/2022 3.375 3.430 1,000,000.00 978,490.00 998,434.76 9/15/2027 FFCB 3.75 12/7/2027 3133EN3S7 US Agency | 100 % 0.36 12/7/2022 3.750 3.794 1,000,000.00 988,360.00 998,660.37 12/7/2027 FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.36 1/18/2024 3.875 4.051 1,000,000.00 993,970.00 992,947.06 1/18/2029 FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.36 1/30/2024 3.875 4.000 1,000,000.00 993,970.00 994,963.76 1/18/2029 FFCB 3.875 2/14/2028 3133EPAV7 US Agency | 100 % 0.37 2/15/2023 3.875 3.977 1,000,000.00 995,060.00 996,745.72 2/14/2028 FFCB 3.875 6/8/2028 3133EPME2 US Agency | 100 % 0.37 6/8/2023 3.875 3.915 1,000,000.00 994,670.00 998,605.53 6/8/2028 100 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FFCB 4 11/29/2027 3133EN3H1 US Agency | 100 % 0.37 11/29/2022 4.000 4.030 1,000,000.00 996,080.00 999,101.75 11/29/2027 FFCB 4 9/29/2027 3133ENQ29 US Agency | 100 % 0.37 9/30/2022 4.000 4.080 1,000,000.00 996,060.00 997,721.47 9/29/2027 FFCB 4.125 2/13/2029 3133EP3B9 US Agency | 100 % 0.37 2/14/2024 4.125 4.318 1,000,000.00 1,006,950.00 992,198.78 2/13/2029 FFCB 4.25 7/17/2028 3133EPQD0 US Agency | 100 % 0.37 7/31/2023 4.250 4.280 1,000,000.00 1,006,740.00 998,926.66 7/17/2028 FFCB 4.25 8/7/2028 3133EPSK2 US Agency | 100 % 0.37 8/18/2023 4.250 4.467 1,000,000.00 1,006,510.00 992,241.61 8/7/2028 FFCB 4.375 4/10/2029 3133ERAK7 US Agency | 100 % 0.37 4/23/2024 4.375 4.701 1,000,000.00 1,016,970.00 986,474.77 4/10/2029 FFCB 4.625 11/13/2028 3133EPC45 US Agency | 100 % 0.38 11/13/2023 4.625 4.630 1,000,000.00 1,023,140.00 999,802.98 11/13/2028 Sub Total / Average FFCB Bond 6.89 3.120 3.211 19,000,000.00 18,764,085.00 18,942,122.09 FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9 US Agency | 100 % 0.17 12/7/2020 0.375 0.480 500,000.00 472,645.00 499,293.79 12/12/2025 FHLB 0.5 6/13/2025 3130AJKW8 US Agency | 100 % 0.18 6/3/2020 0.500 0.506 500,000.00 481,835.00 499,974.21 6/13/2025 FHLB 0.51 1/14/2026-22 3130AKMZ6 US Agency | 100 % 0.17 1/14/2021 0.510 0.510 500,000.00 470,710.00 500,000.00 1/14/2026 FHLB 0.55 1/29/2026-21 3130AKN28 US Agency | 100 % 0.17 1/29/2021 0.550 0.550 500,000.00 470,210.00 500,000.00 1/29/2026 FHLB 0.55 1/7/2025-22 3130AP2U8 US Agency | 100 % 0.36 12/7/2021 0.550 0.976 1,000,000.00 980,280.00 998,197.02 1/7/2025 FHLB 0.68 6/30/2025-21 3130AJRP6 US Agency | 100 % 0.11 6/30/2020 0.680 0.680 300,000.00 288,681.00 300,000.00 6/30/2025 FHLB 0.75 6/12/2026 3130AMFS6 US Agency | 100 % 0.34 6/17/2021 0.750 0.885 1,000,000.00 935,990.00 997,542.59 6/12/2026 FHLB 0.95 10/13/2026-23 3130APB46 US Agency | 100 % 0.34 10/13/2021 0.950 0.986 1,000,000.00 928,560.00 999,230.54 10/13/2026 FHLB 1 9/30/2026-22 3130APBM6 US Agency | 100 % 0.34 9/30/2021 1.000 1.021 1,000,000.00 930,330.00 999,566.98 9/30/2026 FHLB 1.25 12/21/2026 3130AQF65 US Agency | 100 % 0.34 12/22/2021 1.250 1.255 1,000,000.00 934,600.00 999,880.56 12/21/2026 FHLB 1.5 1/27/2027-23 3130AQJR5 US Agency | 100 % 0.34 1/27/2022 1.500 1.500 1,000,000.00 934,530.00 1,000,000.00 1/27/2027 FHLB 1.7 2/24/2025-23 3130AQWY5 US Agency | 100 % 0.36 2/25/2022 1.700 1.700 1,000,000.00 981,560.00 1,000,000.00 2/24/2025 FHLB 1.83 2/10/2027-23 3130AQSA2 US Agency | 100 % 0.35 2/10/2022 1.830 1.830 1,000,000.00 941,370.00 1,000,000.00 2/10/2027 FHLB 2.5 10/14/2025-23 3130ARGJ4 US Agency | 100 % 0.18 4/14/2022 2.500 2.500 500,000.00 487,385.00 500,000.00 10/14/2025 FHLB 2.7 4/19/2027-24 3130ARGY1 US Agency | 100 % 0.35 4/19/2022 2.700 2.700 1,000,000.00 962,770.00 1,000,000.00 4/19/2027 FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency | 100 % 0.11 6/28/2022 3.300 3.300 300,000.00 293,016.00 300,000.00 6/28/2027 FHLB 4.45 2/12/2029-27 3130AYXU5 US Agency | 100 % 0.73 2/15/2024 4.450 4.450 2,000,000.00 1,998,360.00 2,000,000.00 2/12/2029 FHLB 4.75 12/26/2024 3130AYBQ8 US Agency | 100 % 0.37 12/29/2023 4.750 4.800 1,000,000.00 998,050.00 999,804.22 12/26/2024 FHLB 4.75 9/8/2028 3130AXEL8 US Agency | 100 % 0.38 10/3/2023 4.750 4.762 1,000,000.00 1,028,110.00 999,583.99 9/8/2028 FHLB 4.81 1/10/2025 3130AYKN5 US Agency | 100 % 0.37 1/31/2024 4.810 4.808 1,000,000.00 997,420.00 999,996.64 1/10/2025 FHLB 5 2/15/2029-25 3130AYYJ9 US Agency | 100 % 0.37 2/15/2024 5.000 5.000 1,000,000.00 1,006,800.00 1,000,000.00 2/15/2029 FHLB 5.04 4/23/2029-27 3130B14L8 US Agency | 100 % 0.33 4/25/2024 5.040 5.040 900,000.00 908,973.00 900,000.00 4/23/2029 FHLB Step 11/24/2026-22 3130APTV7 US Agency | 100 % 0.17 11/24/2021 2.000 1.489 500,000.00 473,705.00 499,768.76 11/24/2026 FHLB Step 3/30/2026 3130ALV92 US Agency | 100 % 0.17 3/30/2021 1.050 0.938 500,000.00 472,555.00 500,000.00 3/30/2026 Sub Total / Average FHLB Bond 7.12 2.543 2.565 20,000,000.00 19,378,445.00 19,992,839.30 FHLMC Bond
FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.35 12/7/2020 0.375 0.434 1,000,000.00 958,370.00 999,433.37 7/21/2025 FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.18 1/5/2022 0.375 1.120 500,000.00 479,185.00 496,466.20 7/21/2025 FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.17 2/23/2021 0.375 0.552 500,000.00 476,335.00 499,001.09 9/23/2025 101 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.35 3/30/2021 0.375 0.740 1,000,000.00 952,670.00 995,887.92 9/23/2025 FHLMC 0.55 12/30/2025 3134GXGZ1 US Agency | 100 % 0.17 12/30/2020 0.550 0.550 500,000.00 472,085.00 500,000.00 12/30/2025 FHLMC 0.625 5/27/2025 3134GVYG7 US Agency | 100 % 0.35 5/27/2020 0.625 0.625 1,000,000.00 965,550.00 1,000,000.00 5/27/2025 FHLMC 0.65 10/27/2025-21 3134GW5R3 US Agency | 100 % 0.14 1/5/2022 0.650 1.232 400,000.00 380,816.00 397,195.62 10/27/2025 FHLMC 0.7 12/30/2026-21 3134GWUQ7 US Agency | 100 % 0.34 2/10/2022 0.700 1.870 1,000,000.00 918,470.00 973,140.85 12/30/2026 FHLMC 0.8 10/28/2026-21 3134GW6C5 US Agency | 100 % 0.17 1/5/2022 0.800 1.404 500,000.00 461,190.00 493,484.99 10/28/2026 FHLMC 5.2 4/17/2028-24 3134GYPJ5 US Agency | 100 % 0.37 4/24/2023 5.200 5.221 1,000,000.00 997,570.00 999,329.52 4/17/2028 FHLMC 5.5 2/26/2029-25 3134H1UX9 US Agency | 100 % 0.37 2/29/2024 5.500 5.500 1,000,000.00 1,000,780.00 1,000,000.00 2/26/2029 FHLMC 5.6 4/17/2029-25 3134H1D26 US Agency | 100 % 0.37 4/24/2024 5.600 5.611 1,000,000.00 1,002,310.00 999,527.05 4/17/2029 Sub Total / Average FHLMC Bond 3.33 2.151 2.422 9,400,000.00 9,065,331.00 9,353,466.61 FNMA Bond
FNMA 0.4 12/30/2024 3135GAAW1 US Agency | 100 % 0.18 12/30/2020 0.400 0.400 500,000.00 490,025.00 500,000.00 12/30/2024 FNMA 0.42 11/18/2024-22 3135G06E8 US Agency | 100 % 0.18 11/18/2020 0.420 0.458 500,000.00 492,335.00 499,944.75 11/18/2024 FNMA 0.5 11/7/2025 3135G06G3 US Agency | 100 % 0.35 12/7/2021 0.500 1.120 1,000,000.00 949,990.00 992,346.70 11/7/2025 FNMA 0.5 8/14/2025-23 3135G05S8 US Agency | 100 % 0.18 8/14/2020 0.500 0.500 500,000.00 478,695.00 500,000.00 8/14/2025 FNMA 0.52 8/18/2025 3136G4M75 US Agency | 100 % 0.18 8/28/2020 0.520 0.530 500,000.00 477,710.00 499,947.46 8/18/2025 FNMA 0.56 11/17/2025-22 3135GA2Z3 US Agency | 100 % 0.17 11/17/2020 0.560 0.591 500,000.00 474,605.00 499,806.14 11/17/2025 FNMA 0.56 8/21/2025-23 3136G4N74 US Agency | 100 % 0.35 8/21/2020 0.560 0.560 1,000,000.00 956,790.00 1,000,000.00 8/21/2025 FNMA 0.6 12/23/2025-21 3135GA7D7 US Agency | 100 % 0.17 12/23/2020 0.600 0.600 500,000.00 472,465.00 500,000.00 12/23/2025 FNMA 0.625 4/22/2025 3135G03U5 US Agency | 100 % 0.18 1/28/2022 0.625 1.400 500,000.00 484,695.00 497,270.34 4/22/2025 FNMA 4.75 5/15/2029-25 3135GAS36 US Agency | 100 % 0.37 5/15/2024 4.750 4.912 1,000,000.00 999,130.00 993,199.78 5/15/2029 FNMA 5.05 3/26/2026-25 3135GAQR5 US Agency | 100 % 0.37 4/24/2024 5.050 5.103 1,000,000.00 999,000.00 999,140.17 3/26/2026 FNMA 5.15 2/26/2027-25 3135GAPL9 US Agency | 100 % 0.37 2/26/2024 5.150 5.150 1,000,000.00 999,940.00 1,000,000.00 2/26/2027 FNMA 5.25 4/2/2027-25 3135GAQZ7 US Agency | 100 % 0.37 4/24/2024 5.250 5.283 1,000,000.00 1,001,450.00 999,182.51 4/2/2027 FNMA 5.5 4/22/2027-25 3135GARK9 US Agency | 100 % 0.37 4/24/2024 5.500 5.500 1,000,000.00 1,002,930.00 1,000,000.00 4/22/2027 Sub Total / Average FNMA Bond 3.77 2.769 2.891 10,500,000.00 10,279,760.00 10,480,837.85 Guaranteed Investment Contract
CAMP TERM 5.16 6/12/2025 CAMPTERM61225 Investment Pools 11.02 7/2/2024 5.160 5.160 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 Investment Pools 3.67 7/2/2024 5.310 5.310 10,000,000.00 10,000,000.00 10,000,000.00 3/28/2025 Sub Total / Average Guaranteed
Investment Contract 14.69 5.198 5.198 40,000,000.00 40,000,000.00 40,000,000.00 Local Government Investment Pool
CAMP LGIP CAMP7001 Investment Pools 4.44 3/31/2024 5.430 5.430 12,084,067.32 12,084,067.32 12,084,067.32 N/A LAIF | City LGIP CITYLAIF3434 Investment Pools 7.39 2/28/2024 4.516 4.516 20,087,045.97 20,128,447.06 20,087,045.97 N/A LAIF | Housing LGIP HOUSINGLAIF3005 Investment Pools 0.79 2/28/2024 4.516 4.516 2,152,117.36 2,156,553.05 2,152,117.36 N/A Sub Total / Average Local
Government Investment Pool 12.62 4.837 4.837 34,323,230.65 34,369,067.43 34,323,230.65 Money Market
102 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
BMO Bank | Operating MM BMO1851OP Money Market Mutual
Funds | 20 % 13.70 3/31/2024 5.170 5.170 37,307,768.79 37,307,768.79 37,307,768.79 N/A OPEB Trust MM OPEBTRUST Trusts Not Subject to
Policy 0.74 3/31/2024 2.850 2.850 2,006,405.56 2,006,405.56 2,006,405.56 N/A PARS Pension Trust MM PARSTRUST Trusts Not Subject to
Policy 2.13 3/31/2024 2.620 2.620 5,812,275.71 5,812,275.71 5,812,275.71 N/A US Bank | Custodian MM USB3000 Money Market Mutual
Funds | 20 % 2.01 3/31/2024 5.160 5.160 5,468,514.93 5,468,514.93 5,468,514.93 N/A US Bank | Fiscal Agent MM USB4000-6000 Money Market Mutual Funds | 20 % 0.00 3/31/2024 4.755 4.755 1,676.63 1,676.63 1,676.63 N/A Sub Total / Average Money Market 18.58 4.784 4.784 50,596,641.62 50,596,641.62 50,596,641.62 Negotiable Certificate Of Deposit
Access Bank NE 1.6 3/13/2025 00435JBH5 Certificate of
Deposits | 30 % 0.09 3/13/2020 1.600 1.600 248,000.00 242,871.36 248,000.00 3/13/2025 Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 Certificate ofDeposits | 30 % 0.09 7/31/2024 4.450 4.450 249,000.00 250,553.76 249,000.00 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Certificate of Deposits | 30 % 0.09 3/17/2023 4.900 4.900 248,000.00 252,702.08 248,000.00 3/17/2028 Alabama Credit Union 5 6/22/2026 01025RAG4 Certificate of Deposits | 30 % 0.09 6/20/2023 5.000 5.000 248,000.00 250,098.08 248,000.00 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 Certificate of
Deposits | 30 % 0.09 12/20/2022 4.400 4.400 248,000.00 248,252.96 248,000.00 12/20/2027 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Certificate of Deposits | 30 % 0.09 12/30/2022 5.000 5.000 247,000.00 251,977.05 247,000.00 12/30/2027 Ally Bank UT 2.55 4/21/2025 02007GPX5 Certificate of
Deposits | 30 % 0.09 4/21/2022 2.550 2.550 245,000.00 240,776.20 245,000.00 4/21/2025 Alma Bank NY 1.4 3/28/2025 020080BX4 Certificate of
Deposits | 30 % 0.09 3/30/2020 1.400 1.400 248,000.00 242,234.00 248,000.00 3/28/2025 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Certificate of
Deposits | 30 % 0.09 7/19/2024 4.450 4.450 249,000.00 251,231.04 249,000.00 7/19/2029 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 Certificate of Deposits | 30 % 0.08 2/14/2022 1.600 1.600 245,000.00 228,366.95 245,000.00 2/16/2027 American Express Nat'l Bank 3.45
7/27/2027 02589ADH2 Certificate ofDeposits | 30 % 0.09 8/29/2022 3.450 3.450 245,000.00 238,311.50 245,000.00 7/27/2027 American State Bank IA 1.6
2/21/2025 029728BC5 Certificate ofDeposits | 30 % 0.09 2/21/2020 1.600 1.600 248,000.00 243,345.04 248,000.00 2/21/2025 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Certificate of Deposits | 30 % 0.09 9/21/2022 3.800 3.800 248,000.00 243,632.72 248,000.00 9/21/2027 Axos Bank CA 1.65 3/26/2025 05465DAE8 Certificate of
Deposits | 30 % 0.09 3/26/2020 1.650 1.650 248,000.00 242,675.44 248,000.00 3/26/2025 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 Certificate of Deposits | 30 % 0.09 7/19/2023 4.400 4.400 248,000.00 256,625.44 248,000.00 7/19/2028 Ballston Spa Nat'l Bank NY 4.8
11/24/2026 058723AQ0 Certificate ofDeposits | 30 % 0.09 5/24/2024 4.800 4.800 248,000.00 249,745.92 248,000.00 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 Certificate of Deposits | 30 % 0.09 5/12/2023 4.250 4.250 248,000.00 247,454.40 248,000.00 5/12/2028 Bank of America 5.2 12/8/2025 06051XEF5 Certificate of
Deposits | 30 % 0.09 6/6/2024 5.200 5.200 243,000.00 244,579.50 243,000.00 12/8/2025 103 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Bank of New England NH 4.85
1/14/2025 06426KDE5 Certificate ofDeposits | 30 % 0.09 2/14/2024 4.850 4.850 248,000.00 247,640.40 248,000.00 1/14/2025 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 Certificate of Deposits | 30 % 0.09 3/15/2023 4.600 4.600 244,000.00 244,771.04 244,000.00 3/15/2027 Bank OZK AR 0.4 1/29/2025 06417NZQ9 Certificate of
Deposits | 30 % 0.09 7/29/2021 0.400 0.400 248,000.00 242,613.44 248,000.00 1/29/2025 Bankers Bank WI 4.15 5/24/2028 06610RCA5 Certificate of Deposits | 30 % 0.09 5/24/2023 4.150 4.150 248,000.00 246,618.64 248,000.00 5/24/2028 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 Certificate of Deposits | 30 % 0.09 6/21/2024 4.500 4.500 248,000.00 250,668.48 248,000.00 6/21/2029 Bankwest Inc SD 1.7 9/27/2024 06652CHB0 Certificate of
Deposits | 30 % 0.09 9/27/2019 1.700 1.700 248,000.00 246,636.00 248,000.00 9/27/2024 Beal Bank TX 1.9 2/17/2027 07371AYE7 Certificate of
Deposits | 30 % 0.08 2/23/2022 1.900 1.900 245,000.00 230,101.55 245,000.00 2/17/2027 Beal Bank USA NV 1.9 2/17/2027 07371CE88 Certificate of Deposits | 30 % 0.08 2/23/2022 1.900 1.900 245,000.00 230,101.55 245,000.00 2/17/2027 Blue Ridge Bank, NA VA 4.2
2/28/2028 09582YAF9 Certificate ofDeposits | 30 % 0.09 2/28/2023 4.200 4.200 244,000.00 242,836.12 244,000.00 2/28/2028 BMW Bank UT 0.65 9/10/2024 05580AD50 Certificate of
Deposits | 30 % 0.09 9/10/2021 0.650 0.650 245,000.00 243,743.15 245,000.00 9/10/2024 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 Certificate of Deposits | 30 % 0.09 9/7/2023 4.500 4.500 244,000.00 245,898.32 244,000.00 9/7/2028 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 Certificate of Deposits | 30 % 0.09 3/29/2023 4.850 4.850 248,000.00 250,484.96 248,000.00 3/29/2027 California Credit Union CA 5.1
6/30/2025 130162BL3 Certificate ofDeposits | 30 % 0.09 12/28/2023 5.100 5.100 244,000.00 244,495.32 244,000.00 6/30/2025 Capital One NA f/k/a Capital One
USA 1.6 4/8/2025 14042TDD6 Certificate ofDeposits | 30 % 0.09 4/8/2020 1.600 1.600 245,000.00 239,421.35 245,000.00 4/8/2025 Capital One, NA 1.1 11/17/2026 14042RQB0 Certificate of Deposits | 30 % 0.08 11/17/2021 1.100 1.100 248,000.00 229,841.44 248,000.00 11/17/2026 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Certificate of Deposits | 30 % 0.09 7/5/2024 4.550 4.550 248,000.00 251,248.80 248,000.00 7/5/2029 Carter FCU LA 0.75 4/27/2026 14622LAA0 Certificate of
Deposits | 30 % 0.09 4/27/2021 0.750 0.750 248,000.00 232,953.84 248,000.00 4/27/2026 Celtic Bank UT 1.85 8/30/2024 15118RRH2 Certificate of
Deposits | 30 % 0.09 8/30/2019 1.850 1.850 248,000.00 247,308.08 248,000.00 8/30/2024 Central Bank AK 4 5/12/2028 152577BN1 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.000 4.000 248,000.00 245,296.80 248,000.00 5/12/2028 cfsbank PA 4.7 11/30/2027 12526AAM9 Certificate of
Deposits | 30 % 0.09 5/30/2024 4.700 4.700 244,000.00 246,327.76 244,000.00 11/30/2027 Chartway FCU VA 4.9 6/9/2026 16141BAC5 Certificate of
Deposits | 30 % 0.09 6/9/2023 4.900 4.900 248,000.00 249,540.08 248,000.00 6/9/2026 Chippewa Valley Bank WI 0.6
6/24/2025 169894AS1 Certificate ofDeposits | 30 % 0.09 6/24/2020 0.600 0.600 248,000.00 239,032.32 248,000.00 6/24/2025 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 Certificate of Deposits | 30 % 0.09 5/16/2023 4.350 4.350 244,000.00 244,222.04 244,000.00 5/16/2028 Citadel FCU PA 1.65 2/27/2025 17286TAG0 Certificate of
Deposits | 30 % 0.09 2/27/2020 1.650 1.650 248,000.00 243,285.52 248,000.00 2/27/2025 104 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 Certificate ofDeposits | 30 % 0.09 4/14/2022 2.650 2.650 248,000.00 236,673.84 248,000.00 4/14/2027 Commonwealth Business Bank CA

1.25 3/31/2025 2027506M2 Certificate ofDeposits | 30 % 0.09 3/31/2020 1.250 1.250 248,000.00 241,956.24 248,000.00 3/31/2025 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 Certificate of Deposits | 30 % 0.08 9/24/2021 0.800 0.800 248,000.00 229,285.92 248,000.00 9/24/2026 Connexus Credit Union WI 1.25
12/23/2026 20825WAR1 Certificate ofDeposits | 30 % 0.08 12/23/2021 1.250 1.250 249,000.00 230,842.92 249,000.00 12/23/2026 County Schools FCU CA 4.4
9/30/2027 22258JAB7 Certificate ofDeposits | 30 % 0.09 9/30/2022 4.400 4.400 248,000.00 248,012.40 248,000.00 9/30/2027 Cross River Bank NJ 4.5 4/26/2027 227563GC1 Certificate of Deposits | 30 % 0.09 4/26/2024 4.500 4.500 244,000.00 244,275.72 244,000.00 4/26/2027 Customers Bank PA 4.5 6/14/2028 23204HPB8 Certificate of Deposits | 30 % 0.09 6/14/2023 4.500 4.500 244,000.00 245,647.00 244,000.00 6/14/2028 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.500 4.500 248,000.00 249,614.48 248,000.00 5/12/2028 Direct FCU MA 4.8 11/8/2027 25460FDW3 Certificate of
Deposits | 30 % 0.09 11/7/2022 4.800 4.800 248,000.00 251,169.44 248,000.00 11/8/2027 Discover Bank 3.1 5/27/2025 254673E69 Certificate of
Deposits | 30 % 0.09 5/24/2022 3.100 3.100 245,000.00 241,374.00 245,000.00 5/27/2025 Dort Financial Credit Union MI 4.5
12/16/2027 25844MAK4 Certificate ofDeposits | 30 % 0.09 12/16/2022 4.500 4.500 247,000.00 248,022.58 247,000.00 12/16/2027 Dream First Bank NY 1.85 8/30/2024 334342CD2 Certificate of Deposits | 30 % 0.09 8/30/2019 1.850 1.850 249,000.00 248,305.29 249,000.00 8/30/2024 Eaglemark Savings Bank NV 2
3/2/2027 27004PCM3 Certificate ofDeposits | 30 % 0.08 3/2/2022 2.000 2.000 245,000.00 230,393.10 245,000.00 3/2/2027 Empower FCU NY 5.25 11/15/2028 291916AJ3 Certificate of Deposits | 30 % 0.09 11/15/2023 5.250 5.250 247,000.00 256,460.10 247,000.00 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 29367RND4 Certificate of Deposits | 30 % 0.09 6/7/2024 4.600 4.600 248,000.00 251,720.00 248,000.00 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5
2/12/2026 87270LDL4 Certificate ofDeposits | 30 % 0.08 2/12/2021 0.500 0.500 245,000.00 230,145.65 245,000.00 2/12/2026 Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 Certificate ofDeposits | 30 % 0.09 1/27/2023 3.850 3.850 248,000.00 244,892.56 248,000.00 7/27/2026 Farmers & Merchants Bank of Colby

4.4 7/5/2029 30781JBU3 Certificate ofDeposits | 30 % 0.09 7/5/2024 4.400 4.400 248,000.00 249,599.60 248,000.00 7/5/2029 Farmers & Merchants Bank WI0.9
7/14/2025 307811DF3 Certificate ofDeposits | 30 % 0.09 1/14/2022 0.900 0.900 249,000.00 239,876.64 249,000.00 7/14/2025 Farmers Insurance Group FCU 5.4
7/28/2025 30960QAR8 Certificate ofDeposits | 30 % 0.09 7/26/2023 5.400 5.400 248,000.00 249,391.28 248,000.00 7/28/2025 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Certificate of Deposits | 30 % 0.09 4/30/2021 0.700 0.700 248,000.00 231,862.64 248,000.00 4/30/2026 First Bank Elk River MN 4.4
6/30/2028 31911KAK4 Certificate ofDeposits | 30 % 0.09 6/30/2023 4.400 4.400 248,000.00 254,527.36 248,000.00 6/30/2028 First Bank NJ 4.45 12/26/2025 319137CB9 Certificate of
Deposits | 30 % 0.09 12/28/2023 4.450 4.450 244,000.00 243,228.96 244,000.00 12/26/2025 First Federal Savings IN 4.25
7/9/2026 32021YEV1 Certificate ofDeposits | 30 % 0.09 2/9/2024 4.250 4.250 248,000.00 246,735.20 248,000.00 7/9/2026 105 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
First Freedom Bank TN 1.2
4/29/2025 32027BAL1 Certificate ofDeposits | 30 % 0.09 4/29/2020 1.200 1.200 249,000.00 242,162.46 249,000.00 4/29/2025 First Internet Bank of Indiana 1
5/12/2025 32056GDJ6 Certificate ofDeposits | 30 % 0.09 5/11/2020 1.000 1.000 248,000.00 240,525.28 248,000.00 5/12/2025 First Nat'l Bank of McGregor 1.35
4/28/2025 32112UDR9 Certificate ofDeposits | 30 % 0.09 4/28/2020 1.350 1.350 248,000.00 241,480.08 248,000.00 4/28/2025 First Nat'l Bank of Michigan 1.65
2/14/2025 32114VBT3 Certificate ofDeposits | 30 % 0.09 2/14/2020 1.650 1.650 248,000.00 243,563.28 248,000.00 2/14/2025 First Service CU f/k/a SPCO TX 4.35
1/20/2028 78472EAB0 Certificate ofDeposits | 30 % 0.09 1/20/2023 4.350 4.350 249,000.00 248,952.69 249,000.00 1/20/2028 First State Bank AK 1.8 8/30/2024 336460CX6 Certificate of Deposits | 30 % 0.09 8/30/2019 1.800 1.800 248,000.00 247,298.16 248,000.00 8/30/2024 Firstier Bank 1.95 8/23/2024 33766LAJ7 Certificate of
Deposits | 30 % 0.09 8/23/2019 1.950 1.950 249,000.00 248,479.59 249,000.00 8/23/2024 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 Certificate of Deposits | 30 % 0.09 4/30/2020 1.250 1.250 248,000.00 241,279.20 248,000.00 4/30/2025 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Certificate of Deposits | 30 % 0.09 11/2/2022 4.600 4.600 248,000.00 249,607.04 248,000.00 11/2/2027 Four Points FCU 4.55 5/11/2026 35089LAF0 Certificate of Deposits | 30 % 0.09 5/10/2023 4.550 4.550 248,000.00 247,898.32 248,000.00 5/11/2026 Freedom Financial Bank IA 1.55
2/14/2025 35637RDC8 Certificate ofDeposits | 30 % 0.09 2/14/2020 1.550 1.550 248,000.00 243,431.84 248,000.00 2/14/2025 Genesee Regional Bank NY 4.2
12/28/2026 37173RAL7 Certificate ofDeposits | 30 % 0.09 12/27/2023 4.200 4.200 244,000.00 242,511.60 244,000.00 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6
3/8/2028 011852AE0 Certificate ofDeposits | 30 % 0.09 3/8/2023 4.600 4.600 248,000.00 250,165.04 248,000.00 3/8/2028 Golden State Bank CA 4.45
6/22/2027 38120MCA2 Certificate ofDeposits | 30 % 0.09 6/22/2023 4.450 4.450 249,000.00 249,131.97 249,000.00 6/22/2027 Goldman Sachs Bank USA 1
7/28/2026 38149MXK4 Certificate ofDeposits | 30 % 0.08 7/28/2021 1.000 1.000 248,000.00 231,185.60 248,000.00 7/28/2026 Greenstate Credit Union IA 0.95
4/16/2026 39573LBC1 Certificate ofDeposits | 30 % 0.09 4/16/2021 0.950 0.950 249,000.00 234,114.78 249,000.00 4/16/2026 Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 Certificate ofDeposits | 30 % 0.09 10/27/2023 5.100 5.100 248,000.00 255,911.20 248,000.00 10/27/2028 Ideal Credit Union MN 4.5
12/29/2027 45157PAZ3 Certificate ofDeposits | 30 % 0.09 12/29/2022 4.500 4.500 248,000.00 249,088.72 248,000.00 12/29/2027 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 Certificate of Deposits | 30 % 0.09 6/29/2023 4.700 4.700 248,000.00 249,832.72 248,000.00 6/29/2027 KeyBank NA OH 5 3/17/2025 49306SJ56 Certificate of
Deposits | 30 % 0.09 3/15/2023 5.000 5.000 244,000.00 243,904.84 244,000.00 3/17/2025 Knoxville TVA Employees Credit
Union 4.85 8/25/202 499724AP7 Certificate ofDeposits | 30 % 0.09 8/25/2023 4.850 4.850 248,000.00 253,277.44 248,000.00 8/25/2028 Latino Community Credit Union NC

4.5 12/21/2027 51828MAC8 Certificate ofDeposits | 30 % 0.09 12/21/2022 4.500 4.500 248,000.00 249,036.64 248,000.00 12/21/2027 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 Certificate of Deposits | 30 % 0.09 4/22/2022 2.550 2.550 245,000.00 240,761.50 245,000.00 4/22/2025 Leaders Credit Union TN 5.1
10/30/2028 52171MAM7 Certificate ofDeposits | 30 % 0.09 10/30/2023 5.100 5.100 248,000.00 255,988.08 248,000.00 10/30/2028 106 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 Certificate ofDeposits | 30 % 0.09 9/27/2023 4.500 4.500 248,000.00 250,090.64 248,000.00 9/27/2028 Liberty First Credit Union NE 4.5
2/22/2028 530520AH8 Certificate ofDeposits | 30 % 0.09 2/21/2023 4.500 4.500 248,000.00 249,259.84 248,000.00 2/22/2028 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Certificate of Deposits | 30 % 0.09 7/21/2023 4.800 4.800 248,000.00 252,642.56 248,000.00 7/21/2028 Marathon Bank WI 1.8 3/16/2027 565819AG4 Certificate of Deposits | 30 % 0.09 3/16/2022 1.800 1.800 248,000.00 231,728.72 248,000.00 3/16/2027 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Certificate of Deposits | 30 % 0.09 10/20/2023 4.850 4.850 248,000.00 258,463.12 248,000.00 10/20/2028 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Certificate of
Deposits | 30 % 0.08 11/9/2021 1.100 1.100 249,000.00 230,835.45 249,000.00 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 Certificate of Deposits | 30 % 0.09 2/18/2022 1.700 1.700 249,000.00 232,453.95 249,000.00 2/18/2027 Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 Certificate ofDeposits | 30 % 0.09 3/13/2023 4.850 4.850 248,000.00 249,413.60 248,000.00 3/13/2026 Milestone Bk f/k/a LCA UT 1
6/26/2026 501798RP9 Certificate ofDeposits | 30 % 0.09 12/27/2021 1.000 1.000 248,000.00 232,137.92 248,000.00 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 Certificate of Deposits | 30 % 0.09 5/1/2023 4.250 4.250 248,000.00 246,769.92 248,000.00 5/3/2027 Money One FCU MD 5 9/14/2028 60936TAL3 Certificate of
Deposits | 30 % 0.09 9/14/2023 5.000 5.000 248,000.00 254,738.16 248,000.00 9/14/2028 Morgan Stanley Bank, NA 1.95
11/20/2024 61690UNX4 Certificate ofDeposits | 30 % 0.09 11/20/2019 1.950 1.950 245,000.00 242,545.10 245,000.00 11/20/2024 Morgan Stanley Private Bank 1.9
11/20/2024 61760A3B3 Certificate ofDeposits | 30 % 0.09 11/20/2019 1.900 1.900 245,000.00 242,508.35 245,000.00 11/20/2024 Mountain American FCU 4.7
4/28/2026 62384RAT3 Certificate ofDeposits | 30 % 0.09 4/28/2023 4.700 4.700 248,000.00 248,476.16 248,000.00 4/28/2026 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 Certificate of
Deposits | 30 % 0.09 3/2/2022 1.800 1.800 245,000.00 234,442.95 245,000.00 3/2/2026 Nicolet National Bank WI 1.4
3/31/2025 654062JZ2 Certificate ofDeposits | 30 % 0.09 3/31/2020 1.400 1.400 248,000.00 242,199.28 248,000.00 3/31/2025 Northpointe Bank MI 4.85 10/20/2028 666613MK7 Certificate of Deposits | 30 % 0.09 10/20/2023 4.850 4.850 248,000.00 253,483.28 248,000.00 10/20/2028 Oregon Community Credit Union

4.85 6/7/2027 68584JAT6 Certificate ofDeposits | 30 % 0.09 6/7/2024 4.850 4.850 248,000.00 250,757.76 248,000.00 6/7/2027 Pentagon FCU 0.7 9/2/2025 70962LAF9 Certificate of
Deposits | 30 % 0.09 9/1/2021 0.700 0.700 249,000.00 238,255.65 249,000.00 9/2/2025 Ponce Bank NY 3.5 9/15/2027 732329BD8 Certificate of
Deposits | 30 % 0.09 9/15/2022 3.500 3.500 248,000.00 241,472.64 248,000.00 9/15/2027 Preferred Bank CA 2 8/16/2024 740367HP5 Certificate of
Deposits | 30 % 0.09 8/16/2019 2.000 2.000 249,000.00 248,638.95 249,000.00 8/16/2024 Prevail Bank WI 4.25 1/24/2028 887171AB2 Certificate of Deposits | 30 % 0.09 7/24/2024 4.250 4.250 249,000.00 248,163.36 249,000.00 1/24/2028 Rize FCU f/k/a SCE CA 4.7
6/20/2029 78413RAV9 Certificate ofDeposits | 30 % 0.09 6/20/2024 4.700 4.700 248,000.00 252,850.88 248,000.00 6/20/2029 Rockland FCU MA 4.6 12/22/2026 77357DAD0 Certificate of Deposits | 30 % 0.09 12/22/2023 4.600 4.600 248,000.00 248,714.24 248,000.00 12/22/2026 107 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Safra Nat'l Bank NY f/k/a/ Delta Nat'l
2 2 24773RCR4 Certificate ofDeposits | 30 % 0.08 3/9/2022 2.000 2.000 245,000.00 230,471.50 245,000.00 2/25/2027 Sallie Mae Bank UT 1 7/28/2026 795451AF0 Certificate of Deposits | 30 % 0.09 7/28/2021 1.000 1.000 248,000.00 231,512.96 248,000.00 7/28/2026 San Francisco FCU CA 4.35
2/3/2028 79772FAG1 Certificate ofDeposits | 30 % 0.09 2/3/2023 4.350 4.350 248,000.00 247,995.04 248,000.00 2/3/2028 Sauk Valley Bank & Trust Co. IL 1.7
11/7/2024 804375DL4 Certificate ofDeposits | 30 % 0.09 11/7/2019 1.700 1.700 248,000.00 245,681.20 248,000.00 11/7/2024 Scient FCU CT 4.65 1/13/2025 80865MAB3 Certificate of
Deposits | 30 % 0.09 1/13/2023 4.650 4.650 248,000.00 247,531.28 248,000.00 1/13/2025 Signature FCU VA 4.4 1/31/2028 82671DAB3 Certificate of Deposits | 30 % 0.09 1/31/2023 4.400 4.400 248,000.00 248,419.12 248,000.00 1/31/2028 Simmons Bank f/k/a Landmark
Comm. 0.5 1/22/2026 51507LCC6 Certificate ofDeposits | 30 % 0.09 1/22/2021 0.500 0.500 248,000.00 233,301.04 248,000.00 1/22/2026 Southern Bancorp Bank AR 0.5
10/25/2024 84223QAN7 Certificate ofDeposits | 30 % 0.09 6/26/2020 0.500 0.500 248,000.00 245,269.52 248,000.00 10/25/2024 Southern Bank GA 4.25 1/28/2026 84229LBA9 Certificate of Deposits | 30 % 0.09 10/28/2022 4.250 4.250 244,000.00 242,533.56 244,000.00 1/28/2026 Southern Bank MO 4.2 5/17/2028 843383CS7 Certificate of Deposits | 30 % 0.09 5/17/2023 4.200 4.200 248,000.00 247,035.28 248,000.00 5/17/2028 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Certificate of Deposits | 30 % 0.09 7/12/2024 4.350 4.350 248,000.00 249,058.96 248,000.00 7/12/2029 Southern First Bank SC 4.7
5/14/2025 84287PJH6 Certificate ofDeposits | 30 % 0.09 2/14/2024 4.700 4.700 248,000.00 247,538.72 248,000.00 5/14/2025 Spring Bank NY 1.5 3/20/2025 849430BF9 Certificate of
Deposits | 30 % 0.09 3/20/2020 1.500 1.500 248,000.00 242,568.80 248,000.00 3/20/2025 St. Vincent's Medical Center FCU 4.6
6/16/2027 85279AAC6 Certificate ofDeposits | 30 % 0.09 6/16/2023 4.600 4.600 248,000.00 249,123.44 248,000.00 6/16/2027 Synchrony Bank 0.9 9/3/2026 87165ET98 Certificate of
Deposits | 30 % 0.08 9/3/2021 0.900 0.900 245,000.00 227,590.30 245,000.00 9/3/2026 Technology Credit Union CA 5
5/29/2026 87868YAQ6 Certificate ofDeposits | 30 % 0.09 5/30/2023 5.000 5.000 248,000.00 249,939.36 248,000.00 5/29/2026 The Bank of Princeton0.5 12/30/2024 064520BG3 Certificate of Deposits | 30 % 0.09 6/30/2020 0.500 0.500 248,000.00 243,320.24 248,000.00 12/30/2024 The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 Certificate ofDeposits | 30 % 0.09 11/28/2023 4.600 4.600 248,000.00 251,196.72 248,000.00 11/28/2028 The Greenwood's State Bank WI

3.05 5/17/2027 397417AQ9 Certificate ofDeposits | 30 % 0.09 5/17/2022 3.050 3.050 248,000.00 238,965.36 248,000.00 5/17/2027 The Pitney Bowes Bank, Inc UT 4.35
4/13/2028 724468AC7 Certificate ofDeposits | 30 % 0.09 4/14/2023 4.350 4.350 244,000.00 244,217.16 244,000.00 4/13/2028 Third Federal Savings & Loan 3.3
8/19/2027 88413QDN5 Certificate ofDeposits | 30 % 0.09 8/19/2022 3.300 3.300 245,000.00 237,262.90 245,000.00 8/19/2027 Toyota Financial Savings Bank NV

0.9 4/22/2026 89235MKY6 Certificate ofDeposits | 30 % 0.08 4/22/2021 0.900 0.900 245,000.00 230,130.95 245,000.00 4/22/2026 Transportation Alliance Bank 0.4
1/23/2025 89388CEY0 Certificate ofDeposits | 30 % 0.09 7/23/2021 0.400 0.400 248,000.00 242,548.96 248,000.00 1/23/2025 True Sky FCU 1.6 2/4/2027 89786MAF1 Certificate of
Deposits | 30 % 0.08 2/4/2022 1.600 1.600 245,000.00 228,521.30 245,000.00 2/4/2027 108 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Truliant FCU NC 4.7 9/10/2027 89789AAG2 Certificate of
Deposits | 30 % 0.09 3/10/2023 4.700 4.700 248,000.00 250,115.44 248,000.00 9/10/2027 Trustone Financial CU 5.15
12/27/2024 89841MAX5 Certificate ofDeposits | 30 % 0.09 12/28/2023 5.150 5.150 248,000.00 247,903.28 248,000.00 12/27/2024 Tuscon FCU AZ 5 9/8/2028 898812AC6 Certificate of
Deposits | 30 % 0.09 9/8/2023 5.000 5.000 248,000.00 254,708.40 248,000.00 9/8/2028 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 Certificate of Deposits | 30 % 0.09 10/25/2023 4.900 4.900 248,000.00 253,984.24 248,000.00 10/25/2028 United Bankers' Bank 5 3/17/2025 909557KQ2 Certificate of Deposits | 30 % 0.09 3/16/2023 5.000 5.000 248,000.00 247,920.64 248,000.00 3/17/2025 United Community Bank IL 1.65
2/7/2025 90983WBT7 Certificate ofDeposits | 30 % 0.09 2/7/2020 1.650 1.650 248,000.00 243,712.08 248,000.00 2/7/2025 United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 Certificate ofDeposits | 30 % 0.09 6/29/2023 4.500 4.500 248,000.00 255,335.84 248,000.00 6/29/2028 United Roosevelt Savings Bank NJ

1.9 3/11/2027 91139LAB2 Certificate ofDeposits | 30 % 0.09 3/11/2022 1.900 1.900 248,000.00 232,413.20 248,000.00 3/11/2027 United Teletech FCU NJ 5.1
11/8/2027 913065AD0 Certificate ofDeposits | 30 % 0.09 11/8/2023 5.100 5.100 248,000.00 253,403.92 248,000.00 11/8/2027 University Bank MI 4.2 11/30/2027 914098DJ4 Certificate of Deposits | 30 % 0.09 11/30/2022 4.200 4.200 249,000.00 247,650.42 249,000.00 11/30/2027 University Credit Union Los Angeles
4 9/26/2025 914242AA0 Certificate ofDeposits | 30 % 0.09 9/26/2022 4.000 4.000 248,000.00 245,872.16 248,000.00 9/26/2025 Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 Certificate ofDeposits | 30 % 0.09 5/12/2023 4.350 4.350 248,000.00 248,317.44 248,000.00 5/12/2028 USAlliance Financial FCU NY 4.55
5/26/2028 90352RDB8 Certificate ofDeposits | 30 % 0.09 5/26/2023 4.550 4.550 248,000.00 250,110.48 248,000.00 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 Certificate of
Deposits | 30 % 0.09 7/21/2023 5.000 5.000 245,000.00 251,372.45 245,000.00 7/21/2028 Valley National Bank NJ 4.95
5/29/2026 919853LV1 Certificate ofDeposits | 30 % 0.09 5/29/2024 4.950 4.950 244,000.00 245,542.08 244,000.00 5/29/2026 Valleystar Credit Union VA 5.2
11/8/2028 92023CAJ2 Certificate ofDeposits | 30 % 0.09 11/8/2023 5.200 5.200 247,000.00 255,904.35 247,000.00 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 Certificate of Deposits | 30 % 0.09 7/2/2021 0.800 0.851 249,000.00 231,993.30 248,761.65 6/30/2026 VisionBank MN 4.05 5/12/2028 92834ABT2 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.050 4.050 248,000.00 245,728.32 248,000.00 5/12/2028 VyStar Credit Union FL 4.55
3/10/2028 92891CCZ3 Certificate ofDeposits | 30 % 0.09 3/10/2023 4.550 4.550 248,000.00 249,770.72 248,000.00 3/10/2028 Washington FCU 2 8/23/2024 938828BH2 Certificate of
Deposits | 30 % 0.09 8/23/2019 2.000 2.000 248,000.00 247,489.12 248,000.00 8/23/2024 Washington Financial Bank PA 4.5
5/31/2029 93883MBA5 Certificate ofDeposits | 30 % 0.09 5/31/2024 4.500 4.500 244,000.00 246,603.48 244,000.00 5/31/2029 Western State Bank ND 1 5/13/2025 95960NKD8 Certificate of Deposits | 30 % 0.09 5/13/2020 1.000 1.000 245,000.00 237,591.20 245,000.00 5/13/2025 Workers FCU MA 5.2 10/30/2028 98138MCA6 Certificate of
Deposits | 30 % 0.09 10/30/2023 5.200 5.200 248,000.00 256,950.32 248,000.00 10/30/2028 Sub Total / Average Negotiable
Certificate Of Deposit 14.46 3.344 3.344 39,813,000.00 39,387,290.46 39,812,761.65 109 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Treasury Note
T-Note 0.25 10/31/2025 91282CAT8 US Treasury | 100 % 0.35 3/30/2021 0.250 0.750 1,000,000.00 947,810.00 993,874.63 10/31/2025 T-Note 0.375 1/31/2026 91282CBH3 US Treasury | 100 % 0.17 2/23/2021 0.375 0.577 500,000.00 470,510.00 498,509.88 1/31/2026 T-Note 0.375 11/30/2025 91282CAZ4 US Treasury | 100 % 0.17 4/22/2021 0.375 0.720 500,000.00 473,225.00 497,739.34 11/30/2025 T-Note 0.375 12/31/2025 91282CBC4 US Treasury | 100 % 0.17 1/7/2021 0.375 0.431 500,000.00 471,895.00 499,611.20 12/31/2025 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.17 5/28/2021 0.500 0.750 500,000.00 470,195.00 498,063.96 2/28/2026 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.26 3/23/2022 0.500 2.353 750,000.00 705,292.50 729,166.60 2/28/2026 T-Note 0.625 10/15/2024 91282CDB4 US Treasury | 100 % 0.36 10/22/2021 0.625 0.750 1,000,000.00 990,510.00 999,746.32 10/15/2024 T-Note 0.625 7/31/2026 91282CCP4 US Treasury | 100 % 0.34 9/29/2021 0.625 0.970 1,000,000.00 930,860.00 993,288.24 7/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.17 5/28/2021 0.750 0.770 500,000.00 470,900.00 499,836.65 3/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.17 6/17/2021 0.750 0.816 500,000.00 470,900.00 499,461.45 3/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.34 6/1/2021 0.750 0.810 1,000,000.00 937,420.00 998,923.29 5/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.17 6/17/2021 0.750 0.870 500,000.00 468,710.00 498,926.69 5/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.34 9/29/2021 0.750 0.990 1,000,000.00 930,940.00 995,133.63 8/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.17 3/22/2022 0.750 2.350 500,000.00 465,470.00 484,281.86 8/31/2026 T-Note 1.125 10/31/2026 91282CDG3 US Treasury | 100 % 0.17 3/22/2022 1.125 2.350 500,000.00 467,245.00 487,022.45 10/31/2026 T-Note 1.5 1/31/2027 912828Z78 US Treasury | 100 % 0.34 2/10/2022 1.500 1.781 1,000,000.00 937,850.00 993,309.70 1/31/2027 T-Note 1.5 11/30/2024 912828YV6 US Treasury | 100 % 0.36 12/16/2019 1.500 1.718 1,000,000.00 987,680.00 999,310.60 11/30/2024 T-Note 1.875 8/31/2024 9128282U3 US Treasury | 100 % 0.18 6/9/2022 1.875 2.727 500,000.00 498,605.00 499,662.36 8/31/2024 T-Note 1.875 8/31/2024 9128282U3 US Treasury | 100 % 1.10 9/7/2023 1.875 5.440 3,000,000.00 2,991,630.00 2,991,293.30 8/31/2024 T-Note 2.25 10/31/2024 9128283D0 US Treasury | 100 % 0.36 5/3/2022 2.250 2.870 1,000,000.00 992,360.00 998,520.63 10/31/2024 T-Note 2.25 8/15/2027 9128282R0 US Treasury | 100 % 0.35 11/18/2022 2.250 3.950 1,000,000.00 948,360.00 953,259.45 8/15/2027 T-Note 2.375 4/30/2026 9128286S4 US Treasury | 100 % 0.35 3/23/2022 2.375 2.400 1,000,000.00 966,680.00 999,579.02 4/30/2026 T-Note 2.375 5/15/2027 912828X88 US Treasury | 100 % 0.35 6/7/2022 2.375 3.041 1,000,000.00 954,810.00 982,892.45 5/15/2027 T-Note 2.5 3/31/2027 91282CEF4 US Treasury | 100 % 0.35 5/3/2022 2.500 3.010 1,000,000.00 960,270.00 987,448.62 3/31/2027 T-Note 2.625 2/15/2029 9128286B1 US Treasury | 100 % 0.35 2/15/2024 2.625 4.286 1,000,000.00 944,880.00 932,746.50 2/15/2029 T-Note 2.625 5/31/2027 91282CET4 US Treasury | 100 % 0.18 6/8/2022 2.625 2.980 500,000.00 480,565.00 495,360.18 5/31/2027 T-Note 2.75 4/30/2027 91282CEN7 US Treasury | 100 % 0.18 6/8/2022 2.750 2.971 500,000.00 482,540.00 497,194.85 4/30/2027 T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.35 8/15/2022 2.750 2.980 1,000,000.00 963,010.00 993,629.41 7/31/2027 T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.35 8/29/2022 2.750 3.200 1,000,000.00 963,010.00 987,601.54 7/31/2027 T-Note 2.875 4/30/2029 91282CEM9 US Treasury | 100 % 0.35 4/30/2024 2.875 4.658 1,000,000.00 953,520.00 925,265.17 4/30/2029 T-Note 3.125 11/15/2028 9128285M8 US Treasury | 100 % 0.35 12/29/2023 3.125 3.880 1,000,000.00 966,680.00 970,734.16 11/15/2028 T-Note 3.125 8/31/2027 91282CFH9 US Treasury | 100 % 0.18 1/24/2023 3.125 3.640 500,000.00 486,565.00 492,746.80 8/31/2027 T-Note 3.25 6/30/2027 91282CEW7 US Treasury | 100 % 0.36 2/15/2023 3.250 4.075 1,000,000.00 977,890.00 978,153.52 6/30/2027 T-Note 3.5 1/31/2028 91282CGH8 US Treasury | 100 % 0.36 2/2/2023 3.500 3.580 1,000,000.00 983,240.00 997,454.61 1/31/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.36 5/31/2023 3.500 3.837 1,000,000.00 982,810.00 988,568.25 4/30/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.36 7/19/2024 3.500 4.145 1,000,000.00 982,810.00 977,794.64 4/30/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.36 5/31/2023 3.625 3.853 1,000,000.00 987,310.00 992,419.26 3/31/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.36 6/15/2023 3.625 3.980 1,000,000.00 987,310.00 988,225.60 3/31/2028 110 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.36 10/19/2023 3.625 4.910 1,000,000.00 987,310.00 958,129.83 3/31/2028 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.36 1/2/2024 3.750 3.815 1,000,000.00 991,680.00 997,406.54 12/31/2028 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.36 6/12/2024 3.750 4.480 1,000,000.00 991,680.00 971,107.17 12/31/2028 T-Note 4 1/15/2027 91282CJT9 US Treasury | 100 % 0.37 1/31/2024 4.000 4.115 1,000,000.00 996,130.00 997,350.94 1/15/2027 T-Note 4 7/31/2029 91282CLC3 US Treasury | 100 % 0.37 7/31/2024 4.000 4.134 1,000,000.00 1,003,440.00 994,000.00 7/31/2029 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.28 11/6/2023 4.125 4.524 750,000.00 751,995.00 741,190.65 10/31/2027 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.37 5/31/2024 4.125 4.675 1,000,000.00 1,002,660.00 983,631.19 10/31/2027 T-Note 4.125 3/31/2029 91282CKG5 US Treasury | 100 % 0.37 4/1/2024 4.125 4.210 1,000,000.00 1,007,580.00 996,451.95 3/31/2029 T-Note 4.125 9/30/2027 91282CFM8 US Treasury | 100 % 0.37 7/30/2024 4.125 4.150 1,000,000.00 1,002,620.00 999,210.68 9/30/2027 T-Note 4.25 1/31/2026 91282CJV4 US Treasury | 100 % 0.37 1/31/2024 4.250 4.330 1,000,000.00 996,760.00 998,861.20 1/31/2026 T-Note 4.25 6/30/2029 91282CKX8 US Treasury | 100 % 0.74 7/1/2024 4.250 4.290 2,000,000.00 2,027,660.00 1,996,492.01 6/30/2029 T-Note 4.375 10/31/2024 91282CFQ9 US Treasury | 100 % 0.37 1/31/2024 4.375 4.930 1,000,000.00 997,560.00 998,636.70 10/31/2024 T-Note 4.5 5/31/2029 91282CKT7 US Treasury | 100 % 0.75 5/31/2024 4.500 4.540 2,000,000.00 2,049,680.00 1,996,601.82 5/31/2029 Sub Total / Average Treasury Note 17.21 2.688 3.348 48,000,000.00 46,859,022.50 47,425,827.49 Total / Average 100 3.812 3.949 275,319,339.04 272,353,239.78 274,595,507.76 111 CLICK HERE to Return to Agenda
City of La Quinta | CA
Date To Date
Monthly Interest
Report Format: By CUSIP / Ticker
Portfolio / Report Group: All Portfolios
Begin Date: 6/30/2024, End Date: 7/31/2024
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends 1st Security Bank WA 2 7/30/2024 33625CCP2 0.00 Monthly 0.00 0.00 407.67 Abacus Federal Savings NY 1.95 7/26/2024 00257TBD7 0.00 Monthly 0.00 0.00 397.48 Access Bank NE 1.6 3/13/2025 00435JBH5 248,000.00 Monthly 0.00 0.00 326.14 Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 249,000.00 Monthly 0.00 0.00 0.00 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 248,000.00 Monthly 0.00 0.00 998.79 Alabama Credit Union 5 6/22/2026 01025RAG4 248,000.00 Monthly 0.00 0.00 1,019.18 All In FCU AL 4.4 12/20/2027 01664MAB2 248,000.00 Monthly 0.00 0.00 896.88 Alliant Credit Union IL 5 12/30/2027 01882MAC6 247,000.00 Monthly 0.00 0.00 1,015.07 Ally Bank UT 2.55 4/21/2025 02007GPX5 245,000.00 Semi-Annual 0.00 0.00 0.00 Alma Bank NY 1.4 3/28/2025 020080BX4 248,000.00 Monthly 0.00 0.00 285.37 Altaone FCU CA 4.45 7/19/2029 02157RAA5 249,000.00 Monthly 0.00 0.00 0.00 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 245,000.00 Semi-Annual 0.00 0.00 0.00 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 245,000.00 Semi-Annual 0.00 0.00 4,214.67 American State Bank IA 1.6 2/21/2025 029728BC5 248,000.00 Monthly 0.00 0.00 326.14 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 248,000.00 Monthly 0.00 0.00 774.58 Axos Bank CA 1.65 3/26/2025 05465DAE8 248,000.00 Monthly 0.00 0.00 336.33 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 248,000.00 Monthly 0.00 0.00 896.88 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 248,000.00 Monthly 0.00 0.00 978.41 Bank Five Nine WI 4.25 5/12/2028 062119BT8 248,000.00 Monthly 0.00 0.00 866.30 Bank of America 5.2 12/8/2025 06051XEF5 243,000.00 Semi-Annual 0.00 0.00 0.00 Bank of New England NH 4.85 1/14/2025 06426KDE5 248,000.00 Monthly 0.00 0.00 988.60 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 244,000.00 Semi-Annual 0.00 0.00 0.00 Bank OZK AR 0.4 1/29/2025 06417NZQ9 248,000.00 Monthly 0.00 0.00 81.53 Bankers Bank WI 4.15 5/24/2028 06610RCA5 248,000.00 Monthly 0.00 0.00 845.92 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 248,000.00 Monthly 0.00 0.00 917.26 Bankwest Inc SD 1.7 9/27/2024 06652CHB0 248,000.00 Monthly 0.00 0.00 346.52 Beal Bank TX 1.9 2/17/2027 07371AYE7 245,000.00 Semi-Annual 0.00 0.00 0.00 Beal Bank USA NV 1.9 2/17/2027 07371CE88 245,000.00 Semi-Annual 0.00 0.00 0.00 Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 244,000.00 Semi-Annual 0.00 0.00 0.00 BMO Bank | LQ Palms Realty Cash LQPR1935 175,408.49 N/A 0.00 0.00 0.00 BMO Bank | Operating MM BMO1851OP 37,307,768.79 N/A 0.00 0.00 177,992.91 BMO Suntrust | Dune Palms Cash DPME4741-3599 1,007,758.28 N/A 0.00 0.00 0.00 112 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends BMW Bank UT 0.65 9/10/2024 05580AD50 245,000.00 Semi-Annual 0.00 0.00 0.00 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 244,000.00 Semi-Annual 0.00 0.00 0.00 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 248,000.00 Monthly 0.00 0.00 988.60 California Credit Union CA 5.1 6/30/2025 130162BL3 244,000.00 Semi-Annual 0.00 0.00 0.00 CAMP LGIP CAMP7001 12,084,067.32 N/A 0.00 0.00 61,256.05 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 30,000,000.00 At Maturity 0.00 0.00 0.00 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 10,000,000.00 At Maturity 0.00 0.00 0.00 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 245,000.00 Semi-Annual 0.00 0.00 0.00 Capital One, NA 1.1 11/17/2026 14042RQB0 248,000.00 Semi-Annual 0.00 0.00 0.00 Carter Bank & Trust 4.55 7/5/2029 146102AS7 248,000.00 Monthly 0.00 0.00 0.00 Carter FCU LA 0.75 4/27/2026 14622LAA0 248,000.00 Monthly 0.00 0.00 152.88 Celtic Bank UT 1.85 8/30/2024 15118RRH2 248,000.00 Monthly 0.00 0.00 377.10 Central Bank AK 4 5/12/2028 152577BN1 248,000.00 Monthly 0.00 0.00 815.34 cfsbank PA 4.7 11/30/2027 12526AAM9 244,000.00 Semi-Annual 0.00 0.00 0.00 Chartway FCU VA 4.9 6/9/2026 16141BAC5 248,000.00 Monthly 0.00 0.00 998.79 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 248,000.00 Monthly 0.00 0.00 122.30 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 244,000.00 Semi-Annual 0.00 0.00 0.00 Citadel FCU PA 1.65 2/27/2025 17286TAG0 248,000.00 Monthly 0.00 0.00 336.33 City of La Quinta Cash PETTYCASH 3,300.00 N/A 0.00 0.00 0.00 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 248,000.00 Monthly 0.00 0.00 540.16 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 248,000.00 Monthly 0.00 0.00 254.79 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 248,000.00 Monthly 0.00 0.00 163.07 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 249,000.00 Monthly 0.00 0.00 264.35 County Schools FCU CA 4.4 9/30/2027 22258JAB7 248,000.00 Monthly 0.00 0.00 896.88 Cross River Bank NJ 4.5 4/26/2027 227563GC1 244,000.00 Semi-Annual 0.00 0.00 0.00 Customers Bank PA 4.5 6/14/2028 23204HPB8 244,000.00 Semi-Annual 0.00 0.00 0.00 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 248,000.00 Monthly 0.00 0.00 917.26 Direct FCU MA 4.8 11/8/2027 25460FDW3 248,000.00 Monthly 0.00 0.00 978.41 Discover Bank 3.1 5/27/2025 254673E69 245,000.00 Semi-Annual 0.00 0.00 0.00 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 247,000.00 Quarterly 0.00 0.00 2,771.14 Dream First Bank NY 1.85 8/30/2024 334342CD2 249,000.00 Monthly 0.00 0.00 378.62 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 245,000.00 Semi-Annual 0.00 0.00 0.00 Empower FCU NY 5.25 11/15/2028 291916AJ3 247,000.00 Monthly 0.00 0.00 1,065.82 Enterprise Bank PA 4.6 6/7/2029 29367RND4 248,000.00 Monthly 0.00 0.00 937.64 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 245,000.00 Semi-Annual 0.00 0.00 0.00 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 248,000.00 Monthly 0.00 0.00 784.77 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 248,000.00 Monthly 0.00 0.00 0.00 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 249,000.00 Monthly 0.00 0.00 184.19 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 248,000.00 Monthly 0.00 0.00 1,100.71 FFCB 0.5 6/9/2025 3133ELH23 500,000.00 Semi-Annual 0.00 0.00 0.00 113 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FFCB 0.68 6/10/2025-22 3133ELH80 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.71 8/10/2026-23 3133EM2C5 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.8 9/10/2026 3133EM4X7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.97 12/9/2024-22 3133ENGN4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.27 11/2/2026 3133ENCQ1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.6 9/17/2024 3133EKP75 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.7 9/17/2024 3133ELEA8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.85 7/26/2024 3133EKWV4 0.00 Semi-Annual 0.00 0.00 4,625.00 FFCB 3.375 9/15/2027 3133ENL99 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.75 12/7/2027 3133EN3S7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 19,375.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 19,375.00 FFCB 3.875 2/14/2028 3133EPAV7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 6/8/2028 3133EPME2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 11/29/2027 3133EN3H1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 9/29/2027 3133ENQ29 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.125 2/13/2029 3133EP3B9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.25 7/17/2028 3133EPQD0 1,000,000.00 Semi-Annual 0.00 0.00 21,250.00 FFCB 4.25 8/7/2028 3133EPSK2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.375 4/10/2029 3133ERAK7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.625 11/13/2028 3133EPC45 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.375 12/12/2025 3130AKFA9 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.5 6/13/2025 3130AJKW8 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.51 1/14/2026-22 3130AKMZ6 500,000.00 Semi-Annual 0.00 0.00 1,275.00 FHLB 0.55 1/29/2026-21 3130AKN28 500,000.00 Semi-Annual 0.00 0.00 1,375.00 FHLB 0.55 1/7/2025-22 3130AP2U8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.68 6/30/2025-21 3130AJRP6 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.75 6/12/2026 3130AMFS6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.95 10/13/2026-23 3130APB46 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1 9/30/2026-22 3130APBM6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.25 12/21/2026 3130AQF65 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.5 1/27/2027-23 3130AQJR5 1,000,000.00 Semi-Annual 0.00 0.00 7,500.00 FHLB 1.7 2/24/2025-23 3130AQWY5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.83 2/10/2027-23 3130AQSA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 2.5 10/14/2025-23 3130ARGJ4 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 2.7 4/19/2027-24 3130ARGY1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 3.3 6/28/2027-24 3130ASDV8 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.45 2/12/2029-27 3130AYXU5 2,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.75 12/26/2024 3130AYBQ8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.75 9/8/2028 3130AXEL8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 114 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FHLB 4.81 1/10/2025 3130AYKN5 1,000,000.00 Semi-Annual 0.00 0.00 22,981.11 FHLB 5 2/15/2029-25 3130AYYJ9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 5.04 4/23/2029-27 3130B14L8 900,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 11/24/2026-22 3130APTV7 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 3/30/2026 3130ALV92 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 7/21/2025 3137EAEU9 1,000,000.00 Semi-Annual 0.00 0.00 1,875.00 FHLMC 0.375 7/21/2025 3137EAEU9 500,000.00 Semi-Annual 0.00 0.00 937.50 FHLMC 0.375 9/23/2025 3137EAEX3 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 9/23/2025 3137EAEX3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.55 12/30/2025 3134GXGZ1 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.625 5/27/2025 3134GVYG7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.65 10/27/2025-21 3134GW5R3 400,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.7 12/30/2026-21 3134GWUQ7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.8 10/28/2026-21 3134GW6C5 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.2 4/17/2028-24 3134GYPJ5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.5 2/26/2029-25 3134H1UX9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.6 4/17/2029-25 3134H1D26 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 248,000.00 Monthly 0.00 0.00 142.68 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 248,000.00 Monthly 0.00 0.00 896.88 First Bank NJ 4.45 12/26/2025 319137CB9 244,000.00 Semi-Annual 0.00 0.00 0.00 First Federal Savings IN 4.25 7/9/2026 32021YEV1 248,000.00 Monthly 0.00 0.00 866.30 First Freedom Bank TN 1.2 4/29/2025 32027BAL1 249,000.00 Monthly 0.00 0.00 245.59 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 248,000.00 Monthly 0.00 0.00 203.84 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 248,000.00 Monthly 0.00 0.00 275.18 First Nat'l Bank of Michigan 1.65 2/14/2025 32114VBT3 248,000.00 Monthly 0.00 0.00 336.33 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 249,000.00 Monthly 0.00 0.00 890.26 First State Bank AK 1.8 8/30/2024 336460CX6 248,000.00 Monthly 0.00 0.00 366.90 Firstier Bank 1.95 8/23/2024 33766LAJ7 249,000.00 Monthly 0.00 0.00 399.08 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 248,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.4 12/30/2024 3135GAAW1 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.42 11/18/2024-22 3135G06E8 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 11/7/2025 3135G06G3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 8/14/2025-23 3135G05S8 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.52 8/18/2025 3136G4M75 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.56 11/17/2025-22 3135GA2Z3 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.56 8/21/2025-23 3136G4N74 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.6 12/23/2025-21 3135GA7D7 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.625 4/22/2025 3135G03U5 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 1.75 7/2/2024 3135G0V75 0.00 Semi-Annual 0.00 0.00 4,375.00 FNMA 4.75 5/15/2029-25 3135GAS36 1,000,000.00 Semi-Annual 0.00 0.00 0.00 115 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FNMA 5.05 3/26/2026-25 3135GAQR5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.15 2/26/2027-25 3135GAPL9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.2 7/30/2024-23 3135GAGA3 0.00 Semi-Annual 0.00 0.00 33,800.00 FNMA 5.25 4/2/2027-25 3135GAQZ7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.5 4/22/2027-25 3135GARK9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Forbright Bank MD 4.6 11/2/2027 34520LAT0 248,000.00 Monthly 0.00 0.00 937.64 Four Points FCU 4.55 5/11/2026 35089LAF0 248,000.00 Monthly 0.00 0.00 927.45 Freedom Financial Bank IA 1.55 2/14/2025 35637RDC8 248,000.00 Monthly 0.00 0.00 315.95 Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 244,000.00 Semi-Annual 0.00 0.00 0.00 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 248,000.00 Monthly 0.00 0.00 937.64 Golden State Bank CA 4.45 6/22/2027 38120MCA2 249,000.00 Monthly 0.00 0.00 910.73 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 248,000.00 Semi-Annual 0.00 0.00 1,236.60 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 249,000.00 Monthly 0.00 0.00 194.42 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 248,000.00 Monthly 0.00 0.00 1,039.56 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 248,000.00 Monthly 0.00 0.00 917.26 International Finance Corp 0.5 2/26/2026 45950VPS9 500,000.00 Semi-Annual 0.00 0.00 0.00 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 248,000.00 Monthly 0.00 0.00 958.03 KeyBank NA OH 5 3/17/2025 49306SJ56 244,000.00 Semi-Annual 0.00 0.00 0.00 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 248,000.00 Monthly 0.00 0.00 988.60 LAIF | City LGIP CITYLAIF3434 20,087,045.97 N/A 0.00 0.00 79,403.66 LAIF | Housing LGIP HOUSINGLAIF3005 2,152,117.36 N/A 0.00 0.00 8,507.27 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 248,000.00 Monthly 0.00 0.00 917.26 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 245,000.00 Semi-Annual 0.00 0.00 0.00 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 248,000.00 Monthly 0.00 0.00 1,039.56 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 248,000.00 Monthly 0.00 0.00 917.26 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 248,000.00 Monthly 0.00 0.00 917.26 Maine Savings FCU 4.8 7/21/2028 560507AQ8 248,000.00 Monthly 0.00 0.00 978.41 Marathon Bank WI 1.8 3/16/2027 565819AG4 248,000.00 Monthly 0.00 0.00 366.90 Medallion Bank UT 4.85 10/20/2028 58404DTP6 248,000.00 Monthly 0.00 0.00 988.60 Merrick Bank UT 1.1 11/9/2026 59013KPN0 249,000.00 Monthly 0.00 0.00 225.12 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 249,000.00 Monthly 0.00 0.00 347.92 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 248,000.00 Monthly 0.00 0.00 988.60 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 248,000.00 Semi-Annual 0.00 0.00 0.00 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 248,000.00 Monthly 0.00 0.00 866.30 Money One FCU MD 5 9/14/2028 60936TAL3 248,000.00 Monthly 0.00 0.00 1,019.18 Morgan Stanley Bank, NA 1.95 11/20/2024 61690UNX4 245,000.00 Semi-Annual 0.00 0.00 0.00 Morgan Stanley Private Bank 1.9 11/20/2024 61760A3B3 245,000.00 Semi-Annual 0.00 0.00 0.00 Mountain American FCU 4.7 4/28/2026 62384RAT3 248,000.00 Monthly 0.00 0.00 958.03 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 245,000.00 Semi-Annual 0.00 0.00 0.00 Nicolet National Bank WI 1.4 3/31/2025 654062JZ2 248,000.00 Monthly 0.00 0.00 294.88 116 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Northpointe Bank MI 4.85 10/20/2028 666613MK7 248,000.00 Monthly 0.00 0.00 988.60 OPEB Trust MM OPEBTRUST 2,006,405.56 N/A 0.00 0.00 0.00 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 248,000.00 Monthly 0.00 0.00 988.60 PARS Pension Trust MM PARSTRUST 5,812,275.71 N/A 0.00 0.00 0.00 Pentagon FCU 0.7 9/2/2025 70962LAF9 249,000.00 Monthly 0.00 0.00 143.26 Peoples Bank NC 2 7/31/2024 710571DS6 0.00 Monthly 0.00 0.00 421.26 Ponce Bank NY 3.5 9/15/2027 732329BD8 248,000.00 Monthly 0.00 0.00 713.42 Preferred Bank CA 2 8/16/2024 740367HP5 249,000.00 Monthly 0.00 0.00 409.32 Prevail Bank WI 4.25 1/24/2028 887171AB2 249,000.00 Monthly 0.00 0.00 0.00 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 248,000.00 Monthly 0.00 0.00 958.03 Rockland FCU MA 4.6 12/22/2026 77357DAD0 248,000.00 Monthly 0.00 0.00 937.64 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 245,000.00 Semi-Annual 0.00 0.00 0.00 Sallie Mae Bank UT 1 7/28/2026 795451AF0 248,000.00 Semi-Annual 0.00 0.00 1,236.60 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 248,000.00 Monthly 0.00 0.00 886.68 Sauk Valley Bank & Trust Co. IL 1.7 11/7/2024 804375DL4 248,000.00 Monthly 0.00 0.00 346.52 Scient FCU CT 4.65 1/13/2025 80865MAB3 248,000.00 Monthly 0.00 0.00 947.84 Signature FCU VA 4.4 1/31/2028 82671DAB3 248,000.00 Monthly 0.00 0.00 926.77 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 248,000.00 Monthly 0.00 0.00 101.92 Southern Bancorp Bank AR 0.5 10/25/2024 84223QAN7 248,000.00 Monthly 0.00 0.00 101.92 Southern Bank GA 4.25 1/28/2026 84229LBA9 244,000.00 Semi-Annual 0.00 0.00 0.00 Southern Bank MO 4.2 5/17/2028 843383CS7 248,000.00 Monthly 0.00 0.00 856.11 Southern Bank of TN 4.35 7/12/2029 84229QAC5 248,000.00 Monthly 0.00 0.00 0.00 Southern First Bank SC 4.7 5/14/2025 84287PJH6 248,000.00 Monthly 0.00 0.00 958.03 Spring Bank NY 1.5 3/20/2025 849430BF9 248,000.00 Monthly 0.00 0.00 305.75 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 248,000.00 Monthly 0.00 0.00 937.64 Synchrony Bank 0.9 9/3/2026 87165ET98 245,000.00 Semi-Annual 0.00 0.00 0.00 Technology Credit Union CA 5 5/29/2026 87868YAQ6 248,000.00 Monthly 0.00 0.00 1,019.18 The Bank of Princeton0.5 12/30/2024 064520BG3 248,000.00 Monthly 0.00 0.00 101.92 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 248,000.00 Monthly 0.00 0.00 937.64 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 248,000.00 Monthly 0.00 0.00 621.70 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 244,000.00 Semi-Annual 0.00 0.00 0.00 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 245,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.25 10/31/2025 91282CAT8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 1/31/2026 91282CBH3 500,000.00 Semi-Annual 0.00 0.00 937.50 T-Note 0.375 11/30/2025 91282CAZ4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 12/31/2025 91282CBC4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.5 2/28/2026 91282CBQ3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.5 2/28/2026 91282CBQ3 750,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.625 10/15/2024 91282CDB4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.625 7/31/2026 91282CCP4 1,000,000.00 Semi-Annual 0.00 0.00 3,125.00 117 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 5/31/2026 91282CCF6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 5/31/2026 91282CCF6 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 8/31/2026 91282CCW9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 8/31/2026 91282CCW9 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.125 10/31/2026 91282CDG3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.5 1/31/2027 912828Z78 1,000,000.00 Semi-Annual 0.00 0.00 7,500.00 T-Note 1.5 11/30/2024 912828YV6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.875 8/31/2024 9128282U3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.875 8/31/2024 9128282U3 3,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.125 7/31/2024 9128282N9 0.00 Semi-Annual 0.00 0.00 21,250.00 T-Note 2.25 10/31/2024 9128283D0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.25 8/15/2027 9128282R0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.375 4/30/2026 9128286S4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.375 5/15/2027 912828X88 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.5 3/31/2027 91282CEF4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 2/15/2029 9128286B1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 5/31/2027 91282CET4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 4/30/2027 91282CEN7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 13,750.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 13,750.00 T-Note 2.875 4/30/2029 91282CEM9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 11/15/2028 9128285M8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 8/31/2027 91282CFH9 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.25 6/30/2027 91282CEW7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 1/31/2028 91282CGH8 1,000,000.00 Semi-Annual 0.00 0.00 17,500.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 7,608.70 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4 1/15/2027 91282CJT9 1,000,000.00 Semi-Annual 0.00 0.00 20,000.00 T-Note 4 7/31/2029 91282CLC3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 750,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 3/31/2029 91282CKG5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 9/30/2027 91282CFM8 1,000,000.00 Semi-Annual 0.00 13,637.30 0.00 118 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends T-Note 4.25 1/31/2026 91282CJV4 1,000,000.00 Semi-Annual 0.00 0.00 21,250.00 T-Note 4.25 6/30/2029 91282CKX8 2,000,000.00 Semi-Annual 0.00 230.98 0.00 T-Note 4.375 10/31/2024 91282CFQ9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.5 5/31/2029 91282CKT7 2,000,000.00 Semi-Annual 0.00 0.00 0.00 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 245,000.00 Semi-Annual 0.00 0.00 0.00 Transportation Alliance Bank 0.4 1/23/2025 89388CEY0 248,000.00 Monthly 0.00 0.00 81.53 True Sky FCU 1.6 2/4/2027 89786MAF1 245,000.00 Semi-Annual 0.00 0.00 0.00 Truliant FCU NC 4.7 9/10/2027 89789AAG2 248,000.00 Monthly 0.00 0.00 958.03 Trustone Financial CU 5.15 12/27/2024 89841MAX5 248,000.00 Monthly 0.00 0.00 1,049.75 Tuscon FCU AZ 5 9/8/2028 898812AC6 248,000.00 Monthly 0.00 0.00 1,019.18 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 248,000.00 Monthly 0.00 0.00 998.79 United Bankers' Bank 5 3/17/2025 909557KQ2 248,000.00 Monthly 0.00 0.00 1,019.18 United Community Bank IL 1.65 2/7/2025 90983WBT7 248,000.00 Monthly 0.00 0.00 336.33 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 248,000.00 Monthly 0.00 0.00 917.26 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 248,000.00 Monthly 0.00 0.00 387.29 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 248,000.00 Monthly 0.00 0.00 1,039.56 University Bank MI 4.2 11/30/2027 914098DJ4 249,000.00 Monthly 0.00 0.00 859.56 University Credit Union Los Angeles 4 9/26/2025 914242AA0 248,000.00 Monthly 0.00 0.00 815.34 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 248,000.00 Monthly 0.00 0.00 886.68 US Bank | Custodian MM USB3000 5,468,514.93 N/A 0.00 0.00 17,175.72 US Bank | Fiscal Agent MM USB4000-6000 1,676.63 N/A 0.00 0.00 6.54 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 248,000.00 Monthly 0.00 0.00 927.45 Utah First FCU 5 7/21/2028 91739JAB1 245,000.00 Monthly 0.00 0.00 1,006.85 Valley National Bank NJ 4.95 5/29/2026 919853LV1 244,000.00 Semi-Annual 0.00 0.00 0.00 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 247,000.00 Monthly 0.00 0.00 1,055.67 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 249,000.00 Monthly 0.00 0.00 163.73 VisionBank MN 4.05 5/12/2028 92834ABT2 248,000.00 Monthly 0.00 0.00 825.53 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 248,000.00 Monthly 0.00 0.00 927.45 Walmart Inc 3.7 6/26/2028-28 931142EE9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Washington FCU 2 8/23/2024 938828BH2 248,000.00 Monthly 0.00 0.00 407.67 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 244,000.00 Semi-Annual 0.00 0.00 0.00 Western State Bank ND 1 5/13/2025 95960NKD8 245,000.00 Semi-Annual 0.00 0.00 0.00 Workers FCU MA 5.2 10/30/2028 98138MCA6 248,000.00 Monthly 0.00 0.00 1,059.95 Total / Average 275,319,339.04 0.00 21,476.98 691,498.46 119 CLICK HERE to Return to Agenda
-C.AI.IFOR�IA -
City of La Quinta
Investment Portfolio
Quarterly Investment Report
August 31, 2024
COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end.

Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM@Cost Days To Maturity CAMP 52,139,488.09 52,139,488.09 52,139,488.09 19.07 5.25 204 CERBT OPES Trust 2,006,405.56 2,006,405.56 2,006,405.56 0.73 2.64 1 Fiscal Agent - Debt Service 15,050,686.75 15,050,686.75 15,050,686.75 5.50 4.74 1 Fixed Income Investments 151,449,000.00 149,480,202.98 150,640,890.76 55.09 3.11 936 Housing Authority - LQPR 193,347.31 193,347.31 193,347.31 0.07 0.00 1 Housing Authority - DPME 1,031,254.09 1,031,254.09 1,031,254.09 0.38 0.00 1 Housing Authority - LAIF 2,152,117.36 2,156,553.05 2,152,117.36 0.79 4.58 1 LAIF 20,087,045.97 20,128,447.06 20,087,045.97 7.35 4.58 1 Money Market at Custodian 3,766,491.83 3,766,491.83 3,766,491.83 1.38 0.36 1 Operating Funds 20,454,493.26 20,454,493.26 20,454,493.26 7.48 5.13 1 PARS Pension Trust 5,902,311.41 5,902,311.41 5,902,311.41 2.16 1.60 1 Total/ Average 274,232,641.63 272,309,681.39 273,424,532.39 100.00 3.79 555 Claudia Martinez, Finance Director/City Treasurer Date
120 CLICK HERE to Return to Agenda
Portfolio Name Allocation
Portfolio Name
Market Value
5/31/2024
% of Portfolio
5/31/2024
Market Value
8/31/2024
% of Portfolio
8/31/2024
CAMP 51,792,279.44 20.23 52,139,488.09 19.15
CERBT OPEB Trust 1,999,431.68 0.78 2,006,405.56 0.74
Fiscal Agent - Debt Service 1,663.36 0.00 15,050,686.75 5.53 Fixed Income Investments 145,495,096.43 56.83 149,480,202.98 54.89 Housing Authority - LQPR 160,186.59 0.06 193,347.31 0.07 Housing Authority - DPME 981,559.01 0.38 1,031,254.09 0.38 Housing Authority - LAIF 2,097,005.34 0.82 2,156,553.05 0.79 LAIF 19,346,086.81 7.56 20,128,447.06 7.39
Money Market at Custodian 3,529,623.54 1.38 3,766,491.83 1.38 Operating Funds 25,005,173.01 9.77 20,454,493.26 7.51
PARS Pension Trust 5,613,331.25 2.19 5,902,311.41 2.17
Total / Average 256,021,436.46 100.00 272,309,681.39 100.00 Portfolio Holdings as of 5/31/2024 Portfolio Holdings as of 8/31/2024 Begin Date: 5/31/2024, End Date: 8/31/2024 All Portfolios Distribution by Portfolio Name - Market Value
City of La Quinta | CA
121 CLICK HERE to Return to Agenda
Asset Category Allocation
Asset Category
Market Value
5/31/2024
% of Portfolio
5/31/2024
Market Value
8/31/2024
% of Portfolio
8/31/2024
Certificate of Deposits | 30 % 38,649,292.43 15.10 40,562,505.48 14.90 Checking | Savings | Sweep Accounts 1,145,045.60 0.45 1,227,901.40 0.45 Corporate Notes | 30 % 2,417,610.00 0.94 2,491,655.00 0.92 Investment Pools 73,235,371.59 28.61 74,424,488.20 27.33 Money Market Mutual Funds | 20 % 28,533,159.91 11.14 39,268,371.84 14.42 Trusts Not Subject to Policy 7,612,762.93 2.97 7,908,716.97 2.90 US Agency | 100 % 60,262,619.00 23.54 59,801,595.00 21.96 US Treasury | 100 % 44,165,575.00 17.25 46,624,447.50 17.12 Total / Average 256,021,436.46 100.00 272,309,681.39 100.00 Portfolio Holdings as of 5/31/2024 Portfolio Holdings as of 8/31/2024 Begin Date: 5/31/2024, End Date: 8/31/2024 All Portfolios Distribution by Asset Category - Market Value
City of La Quinta | CA
122 CLICK HERE to Return to Agenda
Maturity Range Allocation
Maturity Range
Market Value
5/31/2024
% of Portfolio
5/31/2024
Market Value
8/31/2024
% of Portfolio
8/31/2024
0-1 Month 114,750,666.88 44.82 84,819,410.29 31.15
1-3 Months 6,463,855.62 2.52 4,462,973.61 1.64
3-6 Months 10,602,475.94 4.14 9,135,659.68 3.35
6-9 Months 8,816,260.36 3.44 15,835,816.12 5.82
9-12 Months 6,004,496.09 2.35 36,333,313.85 13.34
1-2 Years 25,474,010.12 9.95 27,730,729.98 10.18
2-3 Years 28,272,369.85 11.04 31,137,473.49 11.43
3-4 Years 25,972,157.98 10.14 31,111,299.96 11.42
4-5 Years 29,665,143.62 11.59 31,743,004.41 11.66
Total / Average 256,021,436.46 100.00 272,309,681.39 100.00 Portfolio Holdings
Begin Date: 5/31/2024, End Date: 8/31/2024 All Portfolios Distribution by Maturity Range - Market Value
City of La Quinta | CA
6 123 CLICK HERE to Return to Agenda
City of La Quinta | CA
Portfolio Holdings
Percent of Portfolio Use This
Report Format: By Transaction
Group By: Security Type
Average By: Market Value
Portfolio / Report Group: All Portfolios
As of 8/31/2024
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Cash
BMO Bank | LQ Palms Realty Cash LQPR1935 Checking | Savings | Sweep Accounts 0.07 3/31/2024 0.000 0.000 193,347.31 193,347.31 193,347.31 N/A BMO Suntrust | Dune Palms Cash DPME4741-3599 Checking | Savings | Sweep Accounts 0.38 3/31/2024 0.000 0.000 1,031,254.09 1,031,254.09 1,031,254.09 N/A City of La Quinta Cash PETTYCASH Checking | Savings |
Sweep Accounts 0.00 3/31/2024 0.000 0.000 3,300.00 3,300.00 3,300.00 N/A US Bank | In Transit Cash USB3000-TRANSIT Money Market Mutual Funds | 20 % 1.29 3/31/2024 0.000 0.000 3,500,000.00 3,500,000.00 3,500,000.00 N/A Sub Total / Average Cash 1.74 0.000 0.000 4,727,901.40 4,727,901.40 4,727,901.40 Corporate Bond
Blackrock Funding Inc 4.7 3/14/2029-
29 09290DAA9 Corporate Notes | 30%

0.38 3/28/2024 4.700 4.623 1,000,000.00 1,022,460.00 1,003,090.29 3/14/2029 International Finance Corp 0.5
2/26/2026 45950VPS9 Corporate Notes | 30%

0.17 2/26/2021 0.500 0.610 500,000.00 474,395.00 499,197.50 2/26/2026 Walmart Inc 3.7 6/26/2028-28 931142EE9 Corporate Notes | 30 %

0.37 6/26/2023 3.700 4.303 1,000,000.00 994,800.00 979,462.56 6/26/2028 Sub Total / Average Corporate
Bond 0.92 3.501 3.731 2,500,000.00 2,491,655.00 2,481,750.35 FFCB Bond
FFCB 0.5 6/9/2025 3133ELH23 US Agency | 100 % 0.18 6/9/2020 0.500 0.506 500,000.00 484,325.00 499,976.90 6/9/2025 FFCB 0.68 6/10/2025-22 3133ELH80 US Agency | 100 % 0.18 6/10/2020 0.680 0.680 500,000.00 485,070.00 500,000.00 6/10/2025 FFCB 0.71 8/10/2026-23 3133EM2C5 US Agency | 100 % 0.17 8/10/2021 0.710 0.792 500,000.00 468,750.00 499,224.01 8/10/2026 FFCB 0.8 9/10/2026 3133EM4X7 US Agency | 100 % 0.34 9/28/2021 0.800 0.985 1,000,000.00 938,590.00 996,350.91 9/10/2026 FFCB 0.97 12/9/2024-22 3133ENGN4 US Agency | 100 % 0.36 12/9/2021 0.970 0.970 1,000,000.00 988,710.00 1,000,000.00 12/9/2024 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency | 100 % 0.35 11/2/2021 1.270 1.270 1,000,000.00 941,970.00 1,000,000.00 11/2/2026 FFCB 1.6 9/17/2024 3133EKP75 US Agency | 100 % 0.18 9/17/2019 1.600 1.652 500,000.00 499,285.00 499,989.58 9/17/2024 FFCB 1.7 9/17/2024 3133ELEA8 US Agency | 100 % 0.37 12/17/2019 1.700 1.731 1,000,000.00 998,610.00 999,986.90 9/17/2024 FFCB 3.375 9/15/2027 3133ENL99 US Agency | 100 % 0.36 9/15/2022 3.375 3.430 1,000,000.00 987,030.00 998,476.57 9/15/2027 FFCB 3.75 12/7/2027 3133EN3S7 US Agency | 100 % 0.37 12/7/2022 3.750 3.794 1,000,000.00 997,410.00 998,693.72 12/7/2027 FFCB 3.75 8/15/2029 3133ERPS4 US Agency | 100 % 0.37 8/15/2024 3.750 3.800 1,000,000.00 996,400.00 997,762.07 8/15/2029 FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.37 1/18/2024 3.875 4.051 1,000,000.00 1,003,920.00 993,078.72 1/18/2029 124 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.37 1/30/2024 3.875 4.000 1,000,000.00 1,003,920.00 995,057.72 1/18/2029 FFCB 3.875 2/14/2028 3133EPAV7 US Agency | 100 % 0.37 2/15/2023 3.875 3.977 1,000,000.00 1,002,830.00 996,822.47 2/14/2028 FFCB 3.875 6/8/2028 3133EPME2 US Agency | 100 % 0.37 6/8/2023 3.875 3.915 1,000,000.00 1,002,960.00 998,635.71 6/8/2028 FFCB 4 11/29/2027 3133EN3H1 US Agency | 100 % 0.37 11/29/2022 4.000 4.030 1,000,000.00 1,004,980.00 999,124.26 11/29/2027 FFCB 4 9/29/2027 3133ENQ29 US Agency | 100 % 0.37 9/30/2022 4.000 4.080 1,000,000.00 1,004,810.00 997,781.54 9/29/2027 FFCB 4.125 2/13/2029 3133EP3B9 US Agency | 100 % 0.37 2/14/2024 4.125 4.318 1,000,000.00 1,015,270.00 992,342.27 2/13/2029 FFCB 4.25 7/17/2028 3133EPQD0 US Agency | 100 % 0.37 7/31/2023 4.250 4.280 1,000,000.00 1,014,730.00 998,949.24 7/17/2028 FFCB 4.25 8/7/2028 3133EPSK2 US Agency | 100 % 0.37 8/18/2023 4.250 4.467 1,000,000.00 1,015,940.00 992,402.68 8/7/2028 FFCB 4.375 4/10/2029 3133ERAK7 US Agency | 100 % 0.38 4/23/2024 4.375 4.701 1,000,000.00 1,025,230.00 986,715.00 4/10/2029 FFCB 4.625 11/13/2028 3133EPC45 US Agency | 100 % 0.38 11/13/2023 4.625 4.630 1,000,000.00 1,031,220.00 999,806.82 11/13/2028 Sub Total / Average FFCB Bond 7.31 3.153 3.241 20,000,000.00 19,911,960.00 19,941,177.09 FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9 US Agency | 100 % 0.17 12/7/2020 0.375 0.480 500,000.00 476,245.00 499,337.03 12/12/2025 FHLB 0.5 6/13/2025 3130AJKW8 US Agency | 100 % 0.18 6/3/2020 0.500 0.506 500,000.00 484,775.00 499,976.70 6/13/2025 FHLB 0.51 1/14/2026-22 3130AKMZ6 US Agency | 100 % 0.17 1/14/2021 0.510 0.510 500,000.00 475,525.00 500,000.00 1/14/2026 FHLB 0.55 1/29/2026-21 3130AKN28 US Agency | 100 % 0.17 1/29/2021 0.550 0.550 500,000.00 475,050.00 500,000.00 1/29/2026 FHLB 0.55 1/7/2025-22 3130AP2U8 US Agency | 100 % 0.36 12/7/2021 0.550 0.976 1,000,000.00 983,840.00 998,545.99 1/7/2025 FHLB 0.68 6/30/2025-21 3130AJRP6 US Agency | 100 % 0.11 6/30/2020 0.680 0.680 300,000.00 290,079.00 300,000.00 6/30/2025 FHLB 0.75 6/12/2026 3130AMFS6 US Agency | 100 % 0.35 6/17/2021 0.750 0.885 1,000,000.00 944,310.00 997,652.62 6/12/2026 FHLB 0.95 10/13/2026-23 3130APB46 US Agency | 100 % 0.34 10/13/2021 0.950 0.986 1,000,000.00 937,360.00 999,259.73 10/13/2026 FHLB 1 9/30/2026-22 3130APBM6 US Agency | 100 % 0.34 9/30/2021 1.000 1.021 1,000,000.00 938,420.00 999,583.66 9/30/2026 FHLB 1.25 12/21/2026 3130AQF65 US Agency | 100 % 0.35 12/22/2021 1.250 1.255 1,000,000.00 942,530.00 999,884.73 12/21/2026 FHLB 1.5 1/27/2027-23 3130AQJR5 US Agency | 100 % 0.35 1/27/2022 1.500 1.500 1,000,000.00 942,480.00 1,000,000.00 1/27/2027 FHLB 1.7 2/24/2025-23 3130AQWY5 US Agency | 100 % 0.36 2/25/2022 1.700 1.700 1,000,000.00 982,680.00 1,000,000.00 2/24/2025 FHLB 1.83 2/10/2027-23 3130AQSA2 US Agency | 100 % 0.35 2/10/2022 1.830 1.830 1,000,000.00 949,270.00 1,000,000.00 2/10/2027 FHLB 2.5 10/14/2025-23 3130ARGJ4 US Agency | 100 % 0.18 4/14/2022 2.500 2.500 500,000.00 490,380.00 500,000.00 10/14/2025 FHLB 2.7 4/19/2027-24 3130ARGY1 US Agency | 100 % 0.36 4/19/2022 2.700 2.700 1,000,000.00 970,930.00 1,000,000.00 4/19/2027 FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency | 100 % 0.11 6/28/2022 3.300 3.300 300,000.00 295,419.00 300,000.00 6/28/2027 FHLB 4.45 2/12/2029-27 3130AYXU5 US Agency | 100 % 0.74 2/15/2024 4.450 4.450 2,000,000.00 2,007,720.00 2,000,000.00 2/12/2029 FHLB 4.75 12/26/2024 3130AYBQ8 US Agency | 100 % 0.37 12/29/2023 4.750 4.800 1,000,000.00 998,920.00 999,845.01 12/26/2024 FHLB 4.75 9/8/2028 3130AXEL8 US Agency | 100 % 0.38 10/3/2023 4.750 4.762 1,000,000.00 1,035,100.00 999,592.45 9/8/2028 FHLB 4.81 1/10/2025 3130AYKN5 US Agency | 100 % 0.37 1/31/2024 4.810 4.808 1,000,000.00 998,920.00 999,997.28 1/10/2025 FHLB 5 2/15/2029-25 3130AYYJ9 US Agency | 100 % 0.37 2/15/2024 5.000 5.000 1,000,000.00 1,008,830.00 1,000,000.00 2/15/2029 FHLB 5.04 4/23/2029-27 3130B14L8 US Agency | 100 % 0.33 4/25/2024 5.040 5.040 900,000.00 908,190.00 900,000.00 4/23/2029 FHLB Step 11/24/2026-22 3130APTV7 US Agency | 100 % 0.18 11/24/2021 2.000 1.489 500,000.00 477,810.00 499,777.10 11/24/2026 FHLB Step 3/30/2026 3130ALV92 US Agency | 100 % 0.17 3/30/2021 1.050 0.938 500,000.00 476,140.00 500,000.00 3/30/2026 Sub Total / Average FHLB Bond 7.16 2.540 2.561 20,000,000.00 19,490,923.00 19,993,452.30 FHLMC Bond
125 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.35 12/7/2020 0.375 0.434 1,000,000.00 965,220.00 999,482.08 7/21/2025 FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.18 1/5/2022 0.375 1.120 500,000.00 482,610.00 496,769.97 7/21/2025 FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.18 2/23/2021 0.375 0.552 500,000.00 479,520.00 499,073.82 9/23/2025 FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.35 3/30/2021 0.375 0.740 1,000,000.00 959,040.00 996,186.62 9/23/2025 FHLMC 0.55 12/30/2025 3134GXGZ1 US Agency | 100 % 0.18 12/30/2020 0.550 0.550 500,000.00 476,790.00 500,000.00 12/30/2025 FHLMC 0.625 5/27/2025 3134GVYG7 US Agency | 100 % 0.36 5/27/2020 0.625 0.625 1,000,000.00 970,890.00 1,000,000.00 5/27/2025 FHLMC 0.65 10/27/2025-21 3134GW5R3 US Agency | 100 % 0.14 1/5/2022 0.650 1.232 400,000.00 384,512.00 397,384.68 10/27/2025 FHLMC 0.7 12/30/2026-21 3134GWUQ7 US Agency | 100 % 0.34 2/10/2022 0.700 1.870 1,000,000.00 925,300.00 974,069.16 12/30/2026 FHLMC 0.8 10/28/2026-21 3134GW6C5 US Agency | 100 % 0.17 1/5/2022 0.800 1.404 500,000.00 466,995.00 493,727.48 10/28/2026 FHLMC 5.2 4/17/2028-24 3134GYPJ5 US Agency | 100 % 0.37 4/24/2023 5.200 5.221 1,000,000.00 998,690.00 999,344.59 4/17/2028 FHLMC 5.5 2/26/2029-25 3134H1UX9 US Agency | 100 % 0.37 2/29/2024 5.500 5.500 1,000,000.00 1,002,030.00 1,000,000.00 2/26/2029 FHLMC 5.6 4/17/2029-25 3134H1D26 US Agency | 100 % 0.37 4/24/2024 5.600 5.611 1,000,000.00 1,003,660.00 999,535.42 4/17/2029 Sub Total / Average FHLMC Bond 3.35 2.144 2.416 9,400,000.00 9,115,257.00 9,355,573.82 FNMA Bond
FNMA 0.4 12/30/2024 3135GAAW1 US Agency | 100 % 0.18 12/30/2020 0.400 0.400 500,000.00 492,590.00 500,000.00 12/30/2024 FNMA 0.42 11/18/2024-22 3135G06E8 US Agency | 100 % 0.18 11/18/2020 0.420 0.458 500,000.00 495,110.00 499,960.39 11/18/2024 FNMA 0.5 11/7/2025 3135G06G3 US Agency | 100 % 0.35 12/7/2021 0.500 1.120 1,000,000.00 956,990.00 992,851.31 11/7/2025 FNMA 0.5 11/7/2025 3135G06G3 US Agency | 100 % 0.35 8/29/2024 0.500 4.170 1,000,000.00 956,990.00 958,046.96 11/7/2025 FNMA 0.5 8/14/2025-23 3135G05S8 US Agency | 100 % 0.18 8/14/2020 0.500 0.500 500,000.00 481,400.00 500,000.00 8/14/2025 FNMA 0.52 8/18/2025 3136G4M75 US Agency | 100 % 0.18 8/28/2020 0.520 0.530 500,000.00 481,585.00 499,951.65 8/18/2025 FNMA 0.56 11/17/2025-22 3135GA2Z3 US Agency | 100 % 0.18 11/17/2020 0.560 0.591 500,000.00 479,220.00 499,818.65 11/17/2025 FNMA 0.56 8/21/2025-23 3136G4N74 US Agency | 100 % 0.35 8/21/2020 0.560 0.560 1,000,000.00 961,600.00 1,000,000.00 8/21/2025 FNMA 0.6 12/23/2025-21 3135GA7D7 US Agency | 100 % 0.18 12/23/2020 0.600 0.600 500,000.00 477,790.00 500,000.00 12/23/2025 FNMA 0.625 4/22/2025 3135G03U5 US Agency | 100 % 0.18 1/28/2022 0.625 1.400 500,000.00 487,670.00 497,585.30 4/22/2025 FNMA 4.75 5/15/2029-25 3135GAS36 US Agency | 100 % 0.37 5/15/2024 4.750 4.912 1,000,000.00 1,002,700.00 993,318.11 5/15/2029 FNMA 5.05 3/26/2026-25 3135GAQR5 US Agency | 100 % 0.37 4/24/2024 5.050 5.103 1,000,000.00 1,000,540.00 999,183.53 3/26/2026 FNMA 5.15 2/26/2027-25 3135GAPL9 US Agency | 100 % 0.37 2/26/2024 5.150 5.150 1,000,000.00 1,001,000.00 1,000,000.00 2/26/2027 FNMA 5.25 4/2/2027-25 3135GAQZ7 US Agency | 100 % 0.37 4/24/2024 5.250 5.283 1,000,000.00 1,002,490.00 999,208.03 4/2/2027 FNMA 5.5 4/22/2027-25 3135GARK9 US Agency | 100 % 0.37 4/24/2024 5.500 5.500 1,000,000.00 1,005,780.00 1,000,000.00 4/22/2027 Sub Total / Average FNMA Bond 4.14 2.572 2.994 11,500,000.00 11,283,455.00 11,439,923.93 Guaranteed Investment Contract
CAMP TERM 5.16 6/12/2025 CAMPTERM61225 Investment Pools 11.02 7/2/2024 5.160 5.160 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 Investment Pools 3.67 7/2/2024 5.310 5.310 10,000,000.00 10,000,000.00 10,000,000.00 3/28/2025 Sub Total / Average Guaranteed
Investment Contract 14.69 5.198 5.198 40,000,000.00 40,000,000.00 40,000,000.00 Local Government Investment Pool
CAMP LGIP CAMP7001 Investment Pools 4.46 3/31/2024 5.410 5.410 12,139,488.09 12,139,488.09 12,139,488.09 N/A LAIF | City LGIP CITYLAIF3434 Investment Pools 7.39 2/28/2024 4.579 4.579 20,087,045.97 20,128,447.06 20,087,045.97 N/A 126 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
LAIF | Housing LGIP HOUSINGLAIF3005 Investment Pools 0.79 2/28/2024 4.579 4.579 2,152,117.36 2,156,553.05 2,152,117.36 N/A Sub Total / Average Local
Government Investment Pool 12.64 4.872 4.872 34,378,651.42 34,424,488.20 34,378,651.42 Money Market
BMO Bank | Operating MM BMO1851OP Money Market Mutual
Funds | 20 % 7.51 3/31/2024 5.130 5.130 20,451,193.26 20,451,193.26 20,451,193.26 N/A OPEB Trust MM OPEBTRUST Trusts Not Subject to
Policy 0.74 3/31/2024 2.640 2.640 2,006,405.56 2,006,405.56 2,006,405.56 N/A PARS Pension Trust MM PARSTRUST Trusts Not Subject to
Policy 2.17 3/31/2024 1.600 1.600 5,902,311.41 5,902,311.41 5,902,311.41 N/A US Bank | Custodian MM USB3000 Money Market Mutual
Funds | 20 % 0.10 3/31/2024 5.140 5.140 266,491.83 266,491.83 266,491.83 N/A US Bank | Fiscal Agent MM USB4000-6000 Money Market Mutual Funds | 20 % 5.53 3/31/2024 4.740 4.740 15,050,686.75 15,050,686.75 15,050,686.75 N/A Sub Total / Average Money Market 16.04 4.404 4.404 43,677,088.81 43,677,088.81 43,677,088.81 Negotiable Certificate Of Deposit
Access Bank NE 1.6 3/13/2025 00435JBH5 Certificate of
Deposits | 30 % 0.09 3/13/2020 1.600 1.600 248,000.00 243,970.00 248,000.00 3/13/2025 Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 Certificate ofDeposits | 30 % 0.09 7/31/2024 4.450 4.450 249,000.00 254,360.97 249,000.00 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Certificate of Deposits | 30 % 0.09 3/17/2023 4.900 4.900 248,000.00 256,404.72 248,000.00 3/17/2028 Alabama Credit Union 5 6/22/2026 01025RAG4 Certificate of Deposits | 30 % 0.09 6/20/2023 5.000 5.000 248,000.00 251,992.80 248,000.00 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 Certificate of
Deposits | 30 % 0.09 12/20/2022 4.400 4.400 248,000.00 251,930.80 248,000.00 12/20/2027 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Certificate of Deposits | 30 % 0.09 12/30/2022 5.000 5.000 247,000.00 255,610.42 247,000.00 12/30/2027 Ally Bank UT 2.55 4/21/2025 02007GPX5 Certificate of
Deposits | 30 % 0.09 4/21/2022 2.550 2.550 245,000.00 241,712.10 245,000.00 4/21/2025 Alma Bank NY 1.4 3/28/2025 020080BX4 Certificate of
Deposits | 30 % 0.09 3/30/2020 1.400 1.400 248,000.00 243,414.48 248,000.00 3/28/2025 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Certificate of
Deposits | 30 % 0.09 7/19/2024 4.450 4.450 249,000.00 256,221.00 249,000.00 7/19/2029 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 Certificate of Deposits | 30 % 0.09 2/14/2022 1.600 1.600 245,000.00 231,529.90 245,000.00 2/16/2027 American Express Nat'l Bank 3.45
7/27/2027 02589ADH2 Certificate ofDeposits | 30 % 0.09 8/29/2022 3.450 3.450 245,000.00 241,824.80 245,000.00 7/27/2027 American State Bank IA 1.6
2/21/2025 029728BC5 Certificate ofDeposits | 30 % 0.09 2/21/2020 1.600 1.600 248,000.00 244,401.52 248,000.00 2/21/2025 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Certificate of Deposits | 30 % 0.09 9/21/2022 3.800 3.800 248,000.00 247,280.80 248,000.00 9/21/2027 Axos Bank CA 1.65 3/26/2025 05465DAE8 Certificate of
Deposits | 30 % 0.09 3/26/2020 1.650 1.650 248,000.00 243,776.56 248,000.00 3/26/2025 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 Certificate of Deposits | 30 % 0.10 7/19/2023 4.400 4.400 248,000.00 260,427.28 248,000.00 7/19/2028 127 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Ballston Spa Nat'l Bank NY 4.8
11/24/2026 058723AQ0 Certificate ofDeposits | 30 % 0.09 5/24/2024 4.800 4.800 248,000.00 252,312.72 248,000.00 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 Certificate of Deposits | 30 % 0.09 5/12/2023 4.250 4.250 248,000.00 251,261.20 248,000.00 5/12/2028 Bank of America 5.2 12/8/2025 06051XEF5 Certificate of
Deposits | 30 % 0.09 6/6/2024 5.200 5.200 243,000.00 245,716.74 243,000.00 12/8/2025 Bank of New England NH 4.85
1/14/2025 06426KDE5 Certificate ofDeposits | 30 % 0.09 2/14/2024 4.850 4.850 248,000.00 247,930.56 248,000.00 1/14/2025 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 Certificate of Deposits | 30 % 0.09 3/15/2023 4.600 4.600 244,000.00 247,686.84 244,000.00 3/15/2027 Bank OZK AR 0.4 1/29/2025 06417NZQ9 Certificate of
Deposits | 30 % 0.09 7/29/2021 0.400 0.400 248,000.00 243,761.68 248,000.00 1/29/2025 Bankers Bank WI 4.15 5/24/2028 06610RCA5 Certificate of Deposits | 30 % 0.09 5/24/2023 4.150 4.150 248,000.00 250,440.32 248,000.00 5/24/2028 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 Certificate of Deposits | 30 % 0.09 6/21/2024 4.500 4.500 248,000.00 255,539.20 248,000.00 6/21/2029 Bankwest Inc SD 1.7 9/27/2024 06652CHB0 Certificate of
Deposits | 30 % 0.09 9/27/2019 1.700 1.700 248,000.00 247,370.08 248,000.00 9/27/2024 Baxter Credit Union IL 4.35
8/22/2028 07181JBH6 Certificate ofDeposits | 30 % 0.09 8/22/2024 4.350 4.350 248,000.00 252,530.96 248,000.00 8/22/2028 Beal Bank TX 1.9 2/17/2027 07371AYE7 Certificate of
Deposits | 30 % 0.09 2/23/2022 1.900 1.900 245,000.00 233,230.20 245,000.00 2/17/2027 Beal Bank USA NV 1.9 2/17/2027 07371CE88 Certificate of Deposits | 30 % 0.09 2/23/2022 1.900 1.900 245,000.00 233,230.20 245,000.00 2/17/2027 Blue Ridge Bank, NA VA 4.2
2/28/2028 09582YAF9 Certificate ofDeposits | 30 % 0.09 2/28/2023 4.200 4.200 244,000.00 246,461.96 244,000.00 2/28/2028 BMW Bank UT 0.65 9/10/2024 05580AD50 Certificate of
Deposits | 30 % 0.09 9/10/2021 0.650 0.650 245,000.00 244,666.80 245,000.00 9/10/2024 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 Certificate of Deposits | 30 % 0.09 9/7/2023 4.500 4.500 244,000.00 249,746.20 244,000.00 9/7/2028 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 Certificate of Deposits | 30 % 0.09 3/29/2023 4.850 4.850 248,000.00 253,478.32 248,000.00 3/29/2027 California Credit Union CA 5.1
6/30/2025 130162BL3 Certificate ofDeposits | 30 % 0.09 12/28/2023 5.100 5.100 244,000.00 245,027.24 244,000.00 6/30/2025 Capital One NA f/k/a Capital One
USA 1.6 4/8/2025 14042TDD6 Certificate ofDeposits | 30 % 0.09 4/8/2020 1.600 1.600 245,000.00 240,531.20 245,000.00 4/8/2025 Capital One, NA 1.1 11/17/2026 14042RQB0 Certificate of Deposits | 30 % 0.09 11/17/2021 1.100 1.100 248,000.00 232,929.04 248,000.00 11/17/2026 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Certificate of Deposits | 30 % 0.09 7/5/2024 4.550 4.550 248,000.00 256,169.12 248,000.00 7/5/2029 Carter FCU LA 0.75 4/27/2026 14622LAA0 Certificate of
Deposits | 30 % 0.09 4/27/2021 0.750 0.750 248,000.00 235,332.16 248,000.00 4/27/2026 Central Bank AK 4 5/12/2028 152577BN1 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.000 4.000 248,000.00 249,125.92 248,000.00 5/12/2028 cfsbank PA 4.7 11/30/2027 12526AAM9 Certificate of
Deposits | 30 % 0.09 5/30/2024 4.700 4.700 244,000.00 249,868.20 244,000.00 11/30/2027 Chartway FCU VA 4.9 6/9/2026 16141BAC5 Certificate of
Deposits | 30 % 0.09 6/9/2023 4.900 4.900 248,000.00 251,402.56 248,000.00 6/9/2026 128 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Chippewa Valley Bank WI 0.6
6/24/2025 169894AS1 Certificate ofDeposits | 30 % 0.09 6/24/2020 0.600 0.600 248,000.00 240,378.96 248,000.00 6/24/2025 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 Certificate of Deposits | 30 % 0.09 5/16/2023 4.350 4.350 244,000.00 247,935.72 244,000.00 5/16/2028 Citadel FCU PA 1.65 2/27/2025 17286TAG0 Certificate of
Deposits | 30 % 0.09 2/27/2020 1.650 1.650 248,000.00 244,359.36 248,000.00 2/27/2025 Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 Certificate ofDeposits | 30 % 0.09 4/14/2022 2.650 2.650 248,000.00 240,019.36 248,000.00 4/14/2027 Commonwealth Business Bank CA

1.25 3/31/2025 2027506M2 Certificate ofDeposits | 30 % 0.09 3/31/2020 1.250 1.250 248,000.00 243,131.76 248,000.00 3/31/2025 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 Certificate of Deposits | 30 % 0.09 9/24/2021 0.800 0.800 248,000.00 232,271.84 248,000.00 9/24/2026 Connexus Credit Union WI 1.25
12/23/2026 20825WAR1 Certificate ofDeposits | 30 % 0.09 12/23/2021 1.250 1.250 249,000.00 234,037.59 249,000.00 12/23/2026 County Schools FCU CA 4.4
9/30/2027 22258JAB7 Certificate ofDeposits | 30 % 0.09 9/30/2022 4.400 4.400 248,000.00 251,628.24 248,000.00 9/30/2027 Covantage Credit Union WI 4.2
8/7/2028 22282XAD2 Certificate ofDeposits | 30 % 0.09 8/6/2024 4.200 4.200 247,000.00 250,109.73 247,000.00 8/7/2028 Cross River Bank NJ 4.5 4/26/2027 227563GC1 Certificate of Deposits | 30 % 0.09 4/26/2024 4.500 4.500 244,000.00 247,337.92 244,000.00 4/26/2027 Customers Bank PA 4.5 6/14/2028 23204HPB8 Certificate of Deposits | 30 % 0.09 6/14/2023 4.500 4.500 244,000.00 249,355.80 244,000.00 6/14/2028 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.500 4.500 248,000.00 253,394.00 248,000.00 5/12/2028 Direct FCU MA 4.8 11/8/2027 25460FDW3 Certificate of
Deposits | 30 % 0.09 11/7/2022 4.800 4.800 248,000.00 254,755.52 248,000.00 11/8/2027 Discover Bank 3.1 5/27/2025 254673E69 Certificate of
Deposits | 30 % 0.09 5/24/2022 3.100 3.100 245,000.00 242,170.25 245,000.00 5/27/2025 Dort Financial Credit Union MI 4.5
12/16/2027 25844MAK4 Certificate ofDeposits | 30 % 0.09 12/16/2022 4.500 4.500 247,000.00 251,658.42 247,000.00 12/16/2027 Eaglemark Savings Bank NV 2
3/2/2027 27004PCM3 Certificate ofDeposits | 30 % 0.09 3/2/2022 2.000 2.000 245,000.00 233,634.45 245,000.00 3/2/2027 Empower FCU NY 5.25 11/15/2028 291916AJ3 Certificate of Deposits | 30 % 0.10 11/15/2023 5.250 5.250 247,000.00 260,535.60 247,000.00 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 29367RND4 Certificate of Deposits | 30 % 0.09 6/7/2024 4.600 4.600 248,000.00 256,541.12 248,000.00 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5
2/12/2026 87270LDL4 Certificate ofDeposits | 30 % 0.09 2/12/2021 0.500 0.500 245,000.00 232,220.80 245,000.00 2/12/2026 Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 Certificate ofDeposits | 30 % 0.09 1/27/2023 3.850 3.850 248,000.00 247,109.68 248,000.00 7/27/2026 Farmers & Merchants Bank of Colby

4.4 7/5/2029 30781JBU3 Certificate ofDeposits | 30 % 0.09 7/5/2024 4.400 4.400 248,000.00 254,524.88 248,000.00 7/5/2029 Farmers & Merchants Bank WI0.9
7/14/2025 307811DF3 Certificate ofDeposits | 30 % 0.09 1/14/2022 0.900 0.900 249,000.00 241,278.51 249,000.00 7/14/2025 Farmers Insurance Group FCU 5.4
7/28/2025 30960QAR8 Certificate ofDeposits | 30 % 0.09 7/26/2023 5.400 5.400 248,000.00 250,003.84 248,000.00 7/28/2025 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Certificate of Deposits | 30 % 0.09 4/30/2021 0.700 0.700 248,000.00 234,283.12 248,000.00 4/30/2026 129 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
First Bank Elk River MN 4.4
6/30/2028 31911KAK4 Certificate ofDeposits | 30 % 0.09 6/30/2023 4.400 4.400 248,000.00 258,346.56 248,000.00 6/30/2028 First Bank NJ 4.45 12/26/2025 319137CB9 Certificate of
Deposits | 30 % 0.09 12/28/2023 4.450 4.450 244,000.00 244,558.76 244,000.00 12/26/2025 First Federal Savings IN 4.25
7/9/2026 32021YEV1 Certificate ofDeposits | 30 % 0.09 2/9/2024 4.250 4.250 248,000.00 248,818.40 248,000.00 7/9/2026 First Freedom Bank TN 1.2
4/29/2025 32027BAL1 Certificate ofDeposits | 30 % 0.09 4/29/2020 1.200 1.200 249,000.00 243,362.64 249,000.00 4/29/2025 First Internet Bank of Indiana 1
5/12/2025 32056GDJ6 Certificate ofDeposits | 30 % 0.09 5/11/2020 1.000 1.000 248,000.00 241,747.92 248,000.00 5/12/2025 First Nat'l Bank of McGregor 1.35
4/28/2025 32112UDR9 Certificate ofDeposits | 30 % 0.09 4/28/2020 1.350 1.350 248,000.00 242,650.64 248,000.00 4/28/2025 First Nat'l Bank of Michigan 1.65
2/14/2025 32114VBT3 Certificate ofDeposits | 30 % 0.09 2/14/2020 1.650 1.650 248,000.00 244,575.12 248,000.00 2/14/2025 First Service CU f/k/a SPCO TX 4.35
1/20/2028 78472EAB0 Certificate ofDeposits | 30 % 0.09 1/20/2023 4.350 4.350 249,000.00 252,680.22 249,000.00 1/20/2028 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 Certificate of Deposits | 30 % 0.09 4/30/2020 1.250 1.250 248,000.00 242,474.56 248,000.00 4/30/2025 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Certificate of Deposits | 30 % 0.09 11/2/2022 4.600 4.600 248,000.00 253,210.48 248,000.00 11/2/2027 Four Points FCU 4.55 5/11/2026 35089LAF0 Certificate of Deposits | 30 % 0.09 5/10/2023 4.550 4.550 248,000.00 249,711.20 248,000.00 5/11/2026 Freedom Financial Bank IA 1.55
2/14/2025 35637RDC8 Certificate ofDeposits | 30 % 0.09 2/14/2020 1.550 1.550 248,000.00 244,463.52 248,000.00 2/14/2025 Genesee Regional Bank NY 4.2
12/28/2026 37173RAL7 Certificate ofDeposits | 30 % 0.09 12/27/2023 4.200 4.200 244,000.00 245,222.44 244,000.00 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6
3/8/2028 011852AE0 Certificate ofDeposits | 30 % 0.09 3/8/2023 4.600 4.600 248,000.00 253,892.48 248,000.00 3/8/2028 Golden State Bank CA 4.45
6/22/2027 38120MCA2 Certificate ofDeposits | 30 % 0.09 6/22/2023 4.450 4.450 249,000.00 252,481.02 249,000.00 6/22/2027 Goldman Sachs Bank USA 1
7/28/2026 38149MXK4 Certificate ofDeposits | 30 % 0.09 7/28/2021 1.000 1.000 248,000.00 233,866.48 248,000.00 7/28/2026 Greenstate Credit Union IA 0.95
4/16/2026 39573LBC1 Certificate ofDeposits | 30 % 0.09 4/16/2021 0.950 0.950 249,000.00 236,460.36 249,000.00 4/16/2026 Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 Certificate ofDeposits | 30 % 0.10 10/27/2023 5.100 5.100 248,000.00 259,956.08 248,000.00 10/27/2028 Ideal Credit Union MN 4.5
12/29/2027 45157PAZ3 Certificate ofDeposits | 30 % 0.09 12/29/2022 4.500 4.500 248,000.00 252,764.08 248,000.00 12/29/2027 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 Certificate of Deposits | 30 % 0.09 6/29/2023 4.700 4.700 248,000.00 253,163.36 248,000.00 6/29/2027 KeyBank NA OH 5 3/17/2025 49306SJ56 Certificate of
Deposits | 30 % 0.09 3/15/2023 5.000 5.000 244,000.00 244,351.36 244,000.00 3/17/2025 Knoxville TVA Employees Credit
Union 4.85 8/25/202 499724AP7 Certificate ofDeposits | 30 % 0.09 8/25/2023 4.850 4.850 248,000.00 257,136.32 248,000.00 8/25/2028 Latino Community Credit Union NC

4.5 12/21/2027 51828MAC8 Certificate ofDeposits | 30 % 0.09 12/21/2022 4.500 4.500 248,000.00 252,704.56 248,000.00 12/21/2027 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 Certificate of Deposits | 30 % 0.09 4/22/2022 2.550 2.550 245,000.00 241,697.40 245,000.00 4/22/2025 130 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Leaders Credit Union TN 5.1
10/30/2028 52171MAM7 Certificate ofDeposits | 30 % 0.10 10/30/2023 5.100 5.100 248,000.00 260,003.20 248,000.00 10/30/2028 Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 Certificate ofDeposits | 30 % 0.09 9/27/2023 4.500 4.500 248,000.00 254,085.92 248,000.00 9/27/2028 Liberty First Credit Union NE 4.5
2/22/2028 530520AH8 Certificate ofDeposits | 30 % 0.09 2/21/2023 4.500 4.500 248,000.00 252,984.80 248,000.00 2/22/2028 Maine Community Bank 3.75
8/30/2027 560390DC7 Certificate ofDeposits | 30 % 0.09 8/30/2024 3.750 3.750 248,000.00 246,948.48 248,000.00 8/30/2027 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Certificate of Deposits | 30 % 0.09 7/21/2023 4.800 4.800 248,000.00 256,427.04 248,000.00 7/21/2028 Marathon Bank WI 1.8 3/16/2027 565819AG4 Certificate of Deposits | 30 % 0.09 3/16/2022 1.800 1.800 248,000.00 235,101.52 248,000.00 3/16/2027 Marine FCU NC 4 8/31/2026 56824JBC7 Certificate of
Deposits | 30 % 0.09 8/30/2024 4.000 4.000 248,000.00 247,982.64 248,000.00 8/31/2026 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Certificate of Deposits | 30 % 0.10 10/20/2023 4.850 4.850 248,000.00 262,500.56 248,000.00 10/20/2028 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Certificate of
Deposits | 30 % 0.09 11/9/2021 1.100 1.100 249,000.00 233,928.03 249,000.00 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 Certificate of Deposits | 30 % 0.09 2/18/2022 1.700 1.700 249,000.00 235,768.14 249,000.00 2/18/2027 Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 Certificate ofDeposits | 30 % 0.09 3/13/2023 4.850 4.850 248,000.00 250,943.76 248,000.00 3/13/2026 Milestone Bk f/k/a LCA UT 1
6/26/2026 501798RP9 Certificate ofDeposits | 30 % 0.09 12/27/2021 1.000 1.000 248,000.00 234,697.28 248,000.00 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 Certificate of Deposits | 30 % 0.09 5/1/2023 4.250 4.250 248,000.00 249,961.68 248,000.00 5/3/2027 Money One FCU MD 5 9/14/2028 60936TAL3 Certificate of
Deposits | 30 % 0.09 9/14/2023 5.000 5.000 248,000.00 258,646.64 248,000.00 9/14/2028 Morgan Stanley Bank, NA 1.95
11/20/2024 61690UNX4 Certificate ofDeposits | 30 % 0.09 11/20/2019 1.950 1.950 245,000.00 243,294.80 245,000.00 11/20/2024 Morgan Stanley Private Bank 1.9
11/20/2024 61760A3B3 Certificate ofDeposits | 30 % 0.09 11/20/2019 1.900 1.900 245,000.00 243,267.85 245,000.00 11/20/2024 Mountain American FCU 4.7
4/28/2026 62384RAT3 Certificate ofDeposits | 30 % 0.09 4/28/2023 4.700 4.700 248,000.00 250,217.12 248,000.00 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 Certificate of Deposits | 30 % 0.09 8/1/2024 4.050 4.050 248,000.00 249,331.76 248,000.00 2/1/2028 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 Certificate of
Deposits | 30 % 0.09 3/2/2022 1.800 1.800 245,000.00 236,459.30 245,000.00 3/2/2026 Nicolet National Bank WI 1.4
3/31/2025 654062JZ2 Certificate ofDeposits | 30 % 0.09 3/31/2020 1.400 1.400 248,000.00 243,340.08 248,000.00 3/31/2025 Northpointe Bank MI 4.85 10/20/2028 666613MK7 Certificate of Deposits | 30 % 0.09 10/20/2023 4.850 4.850 248,000.00 257,523.20 248,000.00 10/20/2028 Oregon Community Credit Union

4.85 6/7/2027 68584JAT6 Certificate ofDeposits | 30 % 0.09 6/7/2024 4.850 4.850 248,000.00 253,989.20 248,000.00 6/7/2027 Pacific Crest Savings Bank WA 3.9
8/16/2029 69417ADA4 Certificate ofDeposits | 30 % 0.09 8/16/2024 3.900 3.900 248,000.00 249,138.32 248,000.00 8/16/2029 Pentagon FCU 0.7 9/2/2025 70962LAF9 Certificate of
Deposits | 30 % 0.09 9/1/2021 0.700 0.700 249,000.00 239,961.30 249,000.00 9/2/2025 131 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Peoples Exchange Bank KY 4.15
8/9/2027 71104AAS2 Certificate ofDeposits | 30 % 0.09 8/9/2024 4.150 4.150 248,000.00 249,651.68 248,000.00 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 Certificate of
Deposits | 30 % 0.09 9/15/2022 3.500 3.500 248,000.00 245,148.00 248,000.00 9/15/2027 Prevail Bank WI 4.25 1/24/2028 887171AB2 Certificate of Deposits | 30 % 0.09 7/24/2024 4.250 4.250 249,000.00 251,903.34 249,000.00 1/24/2028 Rize FCU f/k/a SCE CA 4.7
6/20/2029 78413RAV9 Certificate ofDeposits | 30 % 0.09 6/20/2024 4.700 4.700 248,000.00 257,709.20 248,000.00 6/20/2029 Rockland FCU MA 4.6 12/22/2026 77357DAD0 Certificate of Deposits | 30 % 0.09 12/22/2023 4.600 4.600 248,000.00 251,407.52 248,000.00 12/22/2026 Safra Nat'l Bank NY f/k/a/ Delta Nat'l
2 2 24773RCR4 Certificate ofDeposits | 30 % 0.09 3/9/2022 2.000 2.000 245,000.00 233,695.70 245,000.00 2/25/2027 Sallie Mae Bank UT 1 7/28/2026 795451AF0 Certificate of Deposits | 30 % 0.09 7/28/2021 1.000 1.000 248,000.00 234,183.92 248,000.00 7/28/2026 San Francisco FCU CA 4.35
2/3/2028 79772FAG1 Certificate ofDeposits | 30 % 0.09 2/3/2023 4.350 4.350 248,000.00 251,717.52 248,000.00 2/3/2028 Sauk Valley Bank & Trust Co. IL 1.7
11/7/2024 804375DL4 Certificate ofDeposits | 30 % 0.09 11/7/2019 1.700 1.700 248,000.00 246,482.24 248,000.00 11/7/2024 Scient FCU CT 4.65 1/13/2025 80865MAB3 Certificate of
Deposits | 30 % 0.09 1/13/2023 4.650 4.650 248,000.00 247,843.76 248,000.00 1/13/2025 Signature FCU VA 4.4 1/31/2028 82671DAB3 Certificate of Deposits | 30 % 0.09 1/31/2023 4.400 4.400 248,000.00 252,101.92 248,000.00 1/31/2028 Simmons Bank f/k/a Landmark
Comm. 0.5 1/22/2026 51507LCC6 Certificate ofDeposits | 30 % 0.09 1/22/2021 0.500 0.500 248,000.00 235,446.24 248,000.00 1/22/2026 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 Certificate of
Deposits | 30 % 0.09 8/14/2024 4.100 4.100 248,000.00 250,224.56 248,000.00 8/14/2028 Southern Bancorp Bank AR 0.5
10/25/2024 84223QAN7 Certificate ofDeposits | 30 % 0.09 6/26/2020 0.500 0.500 248,000.00 246,298.72 248,000.00 10/25/2024 Southern Bank GA 4.25 1/28/2026 84229LBA9 Certificate of Deposits | 30 % 0.09 10/28/2022 4.250 4.250 244,000.00 244,007.32 244,000.00 1/28/2026 Southern Bank MO 4.2 5/17/2028 843383CS7 Certificate of Deposits | 30 % 0.09 5/17/2023 4.200 4.200 248,000.00 250,849.52 248,000.00 5/17/2028 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Certificate of Deposits | 30 % 0.09 7/12/2024 4.350 4.350 248,000.00 254,009.04 248,000.00 7/12/2029 Southern First Bank SC 4.7
5/14/2025 84287PJH6 Certificate ofDeposits | 30 % 0.09 2/14/2024 4.700 4.700 248,000.00 248,054.56 248,000.00 5/14/2025 Spring Bank NY 1.5 3/20/2025 849430BF9 Certificate of
Deposits | 30 % 0.09 3/20/2020 1.500 1.500 248,000.00 243,692.24 248,000.00 3/20/2025 St. Vincent's Medical Center FCU 4.6
6/16/2027 85279AAC6 Certificate ofDeposits | 30 % 0.09 6/16/2023 4.600 4.600 248,000.00 252,419.36 248,000.00 6/16/2027 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 Certificate of Deposits | 30 % 0.09 8/8/2024 4.200 4.200 244,000.00 245,891.00 244,000.00 8/9/2027 Synchrony Bank 0.9 9/3/2026 87165ET98 Certificate of
Deposits | 30 % 0.08 9/3/2021 0.900 0.900 245,000.00 230,449.45 245,000.00 9/3/2026 Technology Credit Union CA 5
5/29/2026 87868YAQ6 Certificate ofDeposits | 30 % 0.09 5/30/2023 5.000 5.000 248,000.00 251,742.32 248,000.00 5/29/2026 The Bank of Princeton0.5 12/30/2024 064520BG3 Certificate of Deposits | 30 % 0.09 6/30/2020 0.500 0.500 248,000.00 244,441.20 248,000.00 12/30/2024 132 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 Certificate ofDeposits | 30 % 0.09 11/28/2023 4.600 4.600 248,000.00 255,382.96 248,000.00 11/28/2028 The Greenwood's State Bank WI

3.05 5/17/2027 397417AQ9 Certificate ofDeposits | 30 % 0.09 5/17/2022 3.050 3.050 248,000.00 242,365.44 248,000.00 5/17/2027 The Pitney Bowes Bank, Inc UT 4.35
4/13/2028 724468AC7 Certificate ofDeposits | 30 % 0.09 4/14/2023 4.350 4.350 244,000.00 247,911.32 244,000.00 4/13/2028 Third Federal Savings & Loan 3.3
8/19/2027 88413QDN5 Certificate ofDeposits | 30 % 0.09 8/19/2022 3.300 3.300 245,000.00 240,788.45 245,000.00 8/19/2027 Toyota Financial Savings Bank NV

0.9 4/22/2026 89235MKY6 Certificate ofDeposits | 30 % 0.09 4/22/2021 0.900 0.900 245,000.00 232,458.45 245,000.00 4/22/2026 Transportation Alliance Bank 0.4
1/23/2025 89388CEY0 Certificate ofDeposits | 30 % 0.09 7/23/2021 0.400 0.400 248,000.00 243,714.56 248,000.00 1/23/2025 True Sky FCU 1.6 2/4/2027 89786MAF1 Certificate of
Deposits | 30 % 0.09 2/4/2022 1.600 1.600 245,000.00 231,642.60 245,000.00 2/4/2027 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Certificate of
Deposits | 30 % 0.09 3/10/2023 4.700 4.700 248,000.00 253,639.52 248,000.00 9/10/2027 Trustone Financial CU 5.15
12/27/2024 89841MAX5 Certificate ofDeposits | 30 % 0.09 12/28/2023 5.150 5.150 248,000.00 248,096.72 248,000.00 12/27/2024 Tuscon FCU AZ 5 9/8/2028 898812AC6 Certificate of
Deposits | 30 % 0.09 9/8/2023 5.000 5.000 248,000.00 258,597.04 248,000.00 9/8/2028 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 Certificate of Deposits | 30 % 0.09 10/25/2023 4.900 4.900 248,000.00 258,036.56 248,000.00 10/25/2028 United Bankers' Bank 5 3/17/2025 909557KQ2 Certificate of Deposits | 30 % 0.09 3/16/2023 5.000 5.000 248,000.00 248,369.52 248,000.00 3/17/2025 United Community Bank IL 1.65
2/7/2025 90983WBT7 Certificate ofDeposits | 30 % 0.09 2/7/2020 1.650 1.650 248,000.00 244,691.68 248,000.00 2/7/2025 United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 Certificate ofDeposits | 30 % 0.10 6/29/2023 4.500 4.500 248,000.00 259,122.80 248,000.00 6/29/2028 United Roosevelt Savings Bank NJ

1.9 3/11/2027 91139LAB2 Certificate ofDeposits | 30 % 0.09 3/11/2022 1.900 1.900 248,000.00 235,756.24 248,000.00 3/11/2027 United Teletech FCU NJ 5.1
11/8/2027 913065AD0 Certificate ofDeposits | 30 % 0.09 11/8/2023 5.100 5.100 248,000.00 256,955.28 248,000.00 11/8/2027 University Bank MI 4.2 11/30/2027 914098DJ4 Certificate of Deposits | 30 % 0.09 11/30/2022 4.200 4.200 249,000.00 251,372.97 249,000.00 11/30/2027 University Credit Union Los Angeles
4 9/26/2025 914242AA0 Certificate ofDeposits | 30 % 0.09 9/26/2022 4.000 4.000 248,000.00 247,032.80 248,000.00 9/26/2025 Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 Certificate ofDeposits | 30 % 0.09 5/12/2023 4.350 4.350 248,000.00 252,114.32 248,000.00 5/12/2028 USAlliance Financial FCU NY 4.55
5/26/2028 90352RDB8 Certificate ofDeposits | 30 % 0.09 5/26/2023 4.550 4.550 248,000.00 253,894.96 248,000.00 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 Certificate of
Deposits | 30 % 0.09 7/21/2023 5.000 5.000 245,000.00 255,091.55 245,000.00 7/21/2028 Valley National Bank NJ 4.95
5/29/2026 919853LV1 Certificate ofDeposits | 30 % 0.09 5/29/2024 4.950 4.950 244,000.00 247,313.52 244,000.00 5/29/2026 Valleystar Credit Union VA 5.2
11/8/2028 92023CAJ2 Certificate ofDeposits | 30 % 0.10 11/8/2023 5.200 5.200 247,000.00 259,960.09 247,000.00 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 Certificate of Deposits | 30 % 0.09 7/2/2021 0.800 0.851 249,000.00 234,620.25 248,772.24 6/30/2026 133 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
VisionBank MN 4.05 5/12/2028 92834ABT2 Certificate of
Deposits | 30 % 0.09 5/12/2023 4.050 4.050 248,000.00 249,552.48 248,000.00 5/12/2028 VyStar Credit Union FL 4.55
3/10/2028 92891CCZ3 Certificate ofDeposits | 30 % 0.09 3/10/2023 4.550 4.550 248,000.00 253,503.12 248,000.00 3/10/2028 Washington Financial Bank PA 4.5
5/31/2029 93883MBA5 Certificate ofDeposits | 30 % 0.09 5/31/2024 4.500 4.500 244,000.00 251,300.48 244,000.00 5/31/2029 Western State Bank ND 1 5/13/2025 95960NKD8 Certificate of Deposits | 30 % 0.09 5/13/2020 1.000 1.000 245,000.00 238,808.85 245,000.00 5/13/2025 Workers FCU MA 5.2 10/30/2028 98138MCA6 Certificate of
Deposits | 30 % 0.10 10/30/2023 5.200 5.200 248,000.00 260,958.00 248,000.00 10/30/2028 Sub Total / Average Negotiable
Certificate Of Deposit 14.90 3.441 3.441 40,549,000.00 40,562,505.48 40,548,772.24 Treasury Note
T-Note 0.25 10/31/2025 91282CAT8 US Treasury | 100 % 0.35 3/30/2021 0.250 0.750 1,000,000.00 954,810.00 994,291.04 10/31/2025 T-Note 0.375 1/31/2026 91282CBH3 US Treasury | 100 % 0.17 2/23/2021 0.375 0.577 500,000.00 474,375.00 498,594.17 1/31/2026 T-Note 0.375 11/30/2025 91282CAZ4 US Treasury | 100 % 0.18 4/22/2021 0.375 0.720 500,000.00 476,795.00 497,883.24 11/30/2025 T-Note 0.375 12/31/2025 91282CBC4 US Treasury | 100 % 0.17 1/7/2021 0.375 0.431 500,000.00 475,605.00 499,634.51 12/31/2025 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.17 5/28/2021 0.500 0.750 500,000.00 474,100.00 498,168.16 2/28/2026 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.26 3/23/2022 0.500 2.353 750,000.00 711,150.00 730,287.84 2/28/2026 T-Note 0.625 10/15/2024 91282CDB4 US Treasury | 100 % 0.37 10/22/2021 0.625 0.750 1,000,000.00 994,640.00 999,851.18 10/15/2024 T-Note 0.625 7/31/2026 91282CCP4 US Treasury | 100 % 0.34 9/29/2021 0.625 0.970 1,000,000.00 939,100.00 993,573.65 7/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.17 5/28/2021 0.750 0.770 500,000.00 474,845.00 499,844.98 3/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.17 6/17/2021 0.750 0.816 500,000.00 474,845.00 499,488.95 3/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.35 6/1/2021 0.750 0.810 1,000,000.00 945,510.00 998,973.26 5/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.17 6/17/2021 0.750 0.870 500,000.00 472,755.00 498,976.50 5/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.35 9/29/2021 0.750 0.990 1,000,000.00 939,490.00 995,332.13 8/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.17 3/22/2022 0.750 2.350 500,000.00 469,745.00 484,922.99 8/31/2026 T-Note 1.125 10/31/2026 91282CDG3 US Treasury | 100 % 0.17 3/22/2022 1.125 2.350 500,000.00 471,525.00 487,512.47 10/31/2026 T-Note 1.5 1/31/2027 912828Z78 US Treasury | 100 % 0.35 2/10/2022 1.500 1.781 1,000,000.00 946,210.00 993,536.86 1/31/2027 T-Note 1.5 11/30/2024 912828YV6 US Treasury | 100 % 0.36 12/16/2019 1.500 1.718 1,000,000.00 991,720.00 999,487.22 11/30/2024 T-Note 1.875 7/31/2026 912828Y95 US Treasury | 100 % 0.35 8/29/2024 1.875 3.876 1,000,000.00 962,030.00 963,386.01 7/31/2026 T-Note 2.25 10/31/2024 9128283D0 US Treasury | 100 % 0.37 5/3/2022 2.250 2.870 1,000,000.00 995,310.00 999,024.59 10/31/2024 T-Note 2.25 8/15/2027 9128282R0 US Treasury | 100 % 0.35 11/18/2022 2.250 3.950 1,000,000.00 957,190.00 954,564.81 8/15/2027 T-Note 2.375 4/30/2026 9128286S4 US Treasury | 100 % 0.36 3/23/2022 2.375 2.400 1,000,000.00 973,520.00 999,599.51 4/30/2026 T-Note 2.375 5/15/2027 912828X88 US Treasury | 100 % 0.35 6/7/2022 2.375 3.041 1,000,000.00 962,700.00 983,413.92 5/15/2027 T-Note 2.5 3/31/2027 91282CEF4 US Treasury | 100 % 0.36 5/3/2022 2.500 3.010 1,000,000.00 968,090.00 987,848.92 3/31/2027 T-Note 2.625 2/15/2029 9128286B1 US Treasury | 100 % 0.35 2/15/2024 2.625 4.286 1,000,000.00 953,950.00 934,003.20 2/15/2029 T-Note 2.625 5/31/2027 91282CET4 US Treasury | 100 % 0.18 6/8/2022 2.625 2.980 500,000.00 484,590.00 495,499.29 5/31/2027 T-Note 2.625 5/31/2027 91282CET4 US Treasury | 100 % 0.36 8/29/2024 2.625 3.720 1,000,000.00 969,180.00 971,612.60 5/31/2027 T-Note 2.75 4/30/2027 91282CEN7 US Treasury | 100 % 0.18 6/8/2022 2.750 2.971 500,000.00 486,545.00 497,281.63 4/30/2027 T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.36 8/15/2022 2.750 2.980 1,000,000.00 971,020.00 993,809.93 7/31/2027 134 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.36 8/29/2022 2.750 3.200 1,000,000.00 971,020.00 987,952.87 7/31/2027 T-Note 2.875 4/30/2029 91282CEM9 US Treasury | 100 % 0.35 4/30/2024 2.875 4.658 1,000,000.00 962,540.00 926,601.26 4/30/2029 T-Note 3.125 11/15/2028 9128285M8 US Treasury | 100 % 0.36 12/29/2023 3.125 3.880 1,000,000.00 975,040.00 971,313.13 11/15/2028 T-Note 3.125 8/31/2027 91282CFH9 US Treasury | 100 % 0.18 1/24/2023 3.125 3.640 500,000.00 490,585.00 492,946.66 8/31/2027 T-Note 3.25 6/30/2027 91282CEW7 US Treasury | 100 % 0.36 2/15/2023 3.250 4.075 1,000,000.00 985,310.00 978,790.62 6/30/2027 T-Note 3.5 1/31/2028 91282CGH8 US Treasury | 100 % 0.36 2/2/2023 3.500 3.580 1,000,000.00 991,020.00 997,516.36 1/31/2028 T-Note 3.5 1/31/2028 91282CGH8 US Treasury | 100 % 0.36 8/29/2024 3.500 3.680 1,000,000.00 991,020.00 994,267.00 1/31/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.36 5/31/2023 3.500 3.837 1,000,000.00 991,060.00 988,827.30 4/30/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.36 7/19/2024 3.500 4.145 1,000,000.00 991,060.00 978,297.47 4/30/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.37 5/31/2023 3.625 3.853 1,000,000.00 995,550.00 992,594.90 3/31/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.37 6/15/2023 3.625 3.980 1,000,000.00 995,550.00 988,498.40 3/31/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.37 10/19/2023 3.625 4.910 1,000,000.00 995,550.00 959,099.91 3/31/2028 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.37 1/2/2024 3.750 3.815 1,000,000.00 999,880.00 997,456.35 12/31/2028 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.37 6/12/2024 3.750 4.480 1,000,000.00 999,880.00 971,662.11 12/31/2028 T-Note 4 1/15/2027 91282CJT9 US Treasury | 100 % 0.37 1/31/2024 4.000 4.115 1,000,000.00 1,003,010.00 997,442.49 1/15/2027 T-Note 4 7/31/2029 91282CLC3 US Treasury | 100 % 0.37 7/31/2024 4.000 4.134 1,000,000.00 1,011,800.00 994,101.86 7/31/2029 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.28 11/6/2023 4.125 4.524 750,000.00 757,297.50 741,420.91 10/31/2027 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.37 5/31/2024 4.125 4.675 1,000,000.00 1,009,730.00 984,058.69 10/31/2027 T-Note 4.125 3/31/2029 91282CKG5 US Treasury | 100 % 0.37 4/1/2024 4.125 4.210 1,000,000.00 1,015,780.00 996,516.49 3/31/2029 T-Note 4.125 9/30/2027 91282CFM8 US Treasury | 100 % 0.37 7/30/2024 4.125 4.150 1,000,000.00 1,010,160.00 999,231.85 9/30/2027 T-Note 4.25 1/31/2026 91282CJV4 US Treasury | 100 % 0.37 1/31/2024 4.250 4.330 1,000,000.00 1,001,290.00 998,925.62 1/31/2026 T-Note 4.25 6/30/2029 91282CKX8 US Treasury | 100 % 0.75 7/1/2024 4.250 4.290 2,000,000.00 2,044,380.00 1,996,552.59 6/30/2029 T-Note 4.375 10/31/2024 91282CFQ9 US Treasury | 100 % 0.37 1/31/2024 4.375 4.930 1,000,000.00 998,570.00 999,101.12 10/31/2024 T-Note 4.5 5/31/2029 91282CKT7 US Treasury | 100 % 0.76 5/31/2024 4.500 4.540 2,000,000.00 2,066,020.00 1,996,661.51 5/31/2029 Sub Total / Average Treasury Note 17.12 2.748 3.245 47,500,000.00 46,624,447.50 46,880,241.03 Total / Average 100 3.692 3.813 274,232,641.63 272,309,681.39 273,424,532.39 135 CLICK HERE to Return to Agenda
City of La Quinta | CA
Date To Date
Monthly Interest
Report Format: By CUSIP / Ticker
Portfolio / Report Group: All Portfolios
Begin Date: 7/31/2024, End Date: 8/31/2024
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Access Bank NE 1.6 3/13/2025 00435JBH5 248,000.00 Monthly 0.00 0.00 337.01 Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 249,000.00 Monthly 0.00 0.00 941.08 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 248,000.00 Monthly 0.00 0.00 1,032.09 Alabama Credit Union 5 6/22/2026 01025RAG4 248,000.00 Monthly 0.00 0.00 1,053.15 All In FCU AL 4.4 12/20/2027 01664MAB2 248,000.00 Monthly 0.00 0.00 926.77 Alliant Credit Union IL 5 12/30/2027 01882MAC6 247,000.00 Monthly 0.00 0.00 1,048.90 Ally Bank UT 2.55 4/21/2025 02007GPX5 245,000.00 Semi-Annual 0.00 0.00 0.00 Alma Bank NY 1.4 3/28/2025 020080BX4 248,000.00 Monthly 0.00 0.00 294.88 Altaone FCU CA 4.45 7/19/2029 02157RAA5 249,000.00 Monthly 0.00 0.00 0.00 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 245,000.00 Semi-Annual 0.00 0.00 1,954.63 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 245,000.00 Semi-Annual 0.00 0.00 0.00 American State Bank IA 1.6 2/21/2025 029728BC5 248,000.00 Monthly 0.00 0.00 337.01 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 248,000.00 Monthly 0.00 0.00 800.39 Axos Bank CA 1.65 3/26/2025 05465DAE8 248,000.00 Monthly 0.00 0.00 347.54 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 248,000.00 Monthly 0.00 0.00 926.77 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 248,000.00 Monthly 0.00 0.00 1,011.02 Bank Five Nine WI 4.25 5/12/2028 062119BT8 248,000.00 Monthly 0.00 0.00 895.18 Bank of America 5.2 12/8/2025 06051XEF5 243,000.00 Semi-Annual 0.00 0.00 0.00 Bank of New England NH 4.85 1/14/2025 06426KDE5 248,000.00 Monthly 0.00 0.00 1,021.56 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 244,000.00 Semi-Annual 0.00 0.00 0.00 Bank OZK AR 0.4 1/29/2025 06417NZQ9 248,000.00 Monthly 0.00 0.00 84.25 Bankers Bank WI 4.15 5/24/2028 06610RCA5 248,000.00 Monthly 0.00 0.00 874.12 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 248,000.00 Monthly 0.00 0.00 947.84 Bankwest Inc SD 1.7 9/27/2024 06652CHB0 248,000.00 Monthly 0.00 0.00 358.07 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 248,000.00 Monthly 0.00 0.00 0.00 Beal Bank TX 1.9 2/17/2027 07371AYE7 245,000.00 Semi-Annual 0.00 0.00 2,321.12 Beal Bank USA NV 1.9 2/17/2027 07371CE88 245,000.00 Semi-Annual 0.00 0.00 2,321.12 Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 244,000.00 Semi-Annual 0.00 0.00 5,109.96 BMO Bank | LQ Palms Realty Cash LQPR1935 193,347.31 N/A 0.00 0.00 0.00 BMO Bank | Operating MM BMO1851OP 20,451,193.26 N/A 0.00 0.00 138,146.00 BMO Suntrust | Dune Palms Cash DPME4741-3599 1,031,254.09 N/A 0.00 0.00 0.00 BMW Bank UT 0.65 9/10/2024 05580AD50 245,000.00 Semi-Annual 0.00 0.00 0.00 136 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 244,000.00 Semi-Annual 0.00 0.00 0.00 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 248,000.00 Monthly 0.00 0.00 1,021.56 California Credit Union CA 5.1 6/30/2025 130162BL3 244,000.00 Semi-Annual 0.00 0.00 0.00 CAMP LGIP CAMP7001 12,139,488.09 N/A 0.00 0.00 55,420.77 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 30,000,000.00 At Maturity 0.00 0.00 0.00 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 10,000,000.00 At Maturity 0.00 0.00 0.00 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 245,000.00 Semi-Annual 0.00 0.00 0.00 Capital One, NA 1.1 11/17/2026 14042RQB0 248,000.00 Semi-Annual 0.00 0.00 0.00 Carter Bank & Trust 4.55 7/5/2029 146102AS7 248,000.00 Monthly 0.00 0.00 958.37 Carter FCU LA 0.75 4/27/2026 14622LAA0 248,000.00 Monthly 0.00 0.00 157.97 Celtic Bank UT 1.85 8/30/2024 15118RRH2 0.00 Monthly 0.00 0.00 389.67 Central Bank AK 4 5/12/2028 152577BN1 248,000.00 Monthly 0.00 0.00 842.52 cfsbank PA 4.7 11/30/2027 12526AAM9 244,000.00 Semi-Annual 0.00 0.00 0.00 Chartway FCU VA 4.9 6/9/2026 16141BAC5 248,000.00 Monthly 0.00 0.00 1,032.09 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 248,000.00 Monthly 0.00 0.00 126.38 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 244,000.00 Semi-Annual 0.00 0.00 0.00 Citadel FCU PA 1.65 2/27/2025 17286TAG0 248,000.00 Monthly 0.00 0.00 347.54 City of La Quinta Cash PETTYCASH 3,300.00 N/A 0.00 0.00 0.00 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 248,000.00 Monthly 0.00 0.00 558.17 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 248,000.00 Monthly 0.00 0.00 263.29 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 248,000.00 Monthly 0.00 0.00 168.50 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 249,000.00 Monthly 0.00 0.00 264.35 County Schools FCU CA 4.4 9/30/2027 22258JAB7 248,000.00 Monthly 0.00 0.00 926.77 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 247,000.00 Quarterly 0.00 0.00 0.00 Cross River Bank NJ 4.5 4/26/2027 227563GC1 244,000.00 Semi-Annual 0.00 0.00 0.00 Customers Bank PA 4.5 6/14/2028 23204HPB8 244,000.00 Semi-Annual 0.00 0.00 0.00 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 248,000.00 Monthly 0.00 0.00 947.84 Direct FCU MA 4.8 11/8/2027 25460FDW3 248,000.00 Monthly 0.00 0.00 1,011.02 Discover Bank 3.1 5/27/2025 254673E69 245,000.00 Semi-Annual 0.00 0.00 0.00 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 247,000.00 Quarterly 0.00 0.00 0.00 Dream First Bank NY 1.85 8/30/2024 334342CD2 0.00 Monthly 0.00 0.00 391.24 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 245,000.00 Semi-Annual 0.00 0.00 0.00 Empower FCU NY 5.25 11/15/2028 291916AJ3 247,000.00 Monthly 0.00 0.00 1,101.35 Enterprise Bank PA 4.6 6/7/2029 29367RND4 248,000.00 Monthly 0.00 0.00 968.90 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 245,000.00 Semi-Annual 0.00 0.00 610.82 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 248,000.00 Monthly 0.00 0.00 810.93 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 248,000.00 Monthly 0.00 0.00 926.77 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 249,000.00 Monthly 0.00 0.00 190.33 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 248,000.00 Monthly 0.00 0.00 1,137.40 FFCB 0.5 6/9/2025 3133ELH23 500,000.00 Semi-Annual 0.00 0.00 0.00 137 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FFCB 0.68 6/10/2025-22 3133ELH80 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.71 8/10/2026-23 3133EM2C5 500,000.00 Semi-Annual 0.00 0.00 1,775.00 FFCB 0.8 9/10/2026 3133EM4X7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.97 12/9/2024-22 3133ENGN4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.27 11/2/2026 3133ENCQ1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.6 9/17/2024 3133EKP75 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.7 9/17/2024 3133ELEA8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.375 9/15/2027 3133ENL99 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.75 12/7/2027 3133EN3S7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.75 8/15/2029 3133ERPS4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 2/14/2028 3133EPAV7 1,000,000.00 Semi-Annual 0.00 0.00 19,375.00 FFCB 3.875 6/8/2028 3133EPME2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 11/29/2027 3133EN3H1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 9/29/2027 3133ENQ29 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.125 2/13/2029 3133EP3B9 1,000,000.00 Semi-Annual 0.00 0.00 20,625.00 FFCB 4.25 7/17/2028 3133EPQD0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.25 8/7/2028 3133EPSK2 1,000,000.00 Semi-Annual 0.00 0.00 21,250.00 FFCB 4.375 4/10/2029 3133ERAK7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.625 11/13/2028 3133EPC45 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.375 12/12/2025 3130AKFA9 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.5 6/13/2025 3130AJKW8 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.51 1/14/2026-22 3130AKMZ6 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.55 1/29/2026-21 3130AKN28 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.55 1/7/2025-22 3130AP2U8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.68 6/30/2025-21 3130AJRP6 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.75 6/12/2026 3130AMFS6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.95 10/13/2026-23 3130APB46 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1 9/30/2026-22 3130APBM6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.25 12/21/2026 3130AQF65 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.5 1/27/2027-23 3130AQJR5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.7 2/24/2025-23 3130AQWY5 1,000,000.00 Semi-Annual 0.00 0.00 8,500.00 FHLB 1.83 2/10/2027-23 3130AQSA2 1,000,000.00 Semi-Annual 0.00 0.00 9,150.00 FHLB 2.5 10/14/2025-23 3130ARGJ4 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 2.7 4/19/2027-24 3130ARGY1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 3.3 6/28/2027-24 3130ASDV8 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.45 2/12/2029-27 3130AYXU5 2,000,000.00 Semi-Annual 0.00 0.00 43,758.33 FHLB 4.75 12/26/2024 3130AYBQ8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.75 9/8/2028 3130AXEL8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 138 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FHLB 4.81 1/10/2025 3130AYKN5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 5 2/15/2029-25 3130AYYJ9 1,000,000.00 Semi-Annual 0.00 0.00 25,000.00 FHLB 5.04 4/23/2029-27 3130B14L8 900,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 11/24/2026-22 3130APTV7 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 3/30/2026 3130ALV92 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 7/21/2025 3137EAEU9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 7/21/2025 3137EAEU9 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 9/23/2025 3137EAEX3 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 9/23/2025 3137EAEX3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.55 12/30/2025 3134GXGZ1 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.625 5/27/2025 3134GVYG7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.65 10/27/2025-21 3134GW5R3 400,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.7 12/30/2026-21 3134GWUQ7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.8 10/28/2026-21 3134GW6C5 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.2 4/17/2028-24 3134GYPJ5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.5 2/26/2029-25 3134H1UX9 1,000,000.00 Semi-Annual 0.00 0.00 27,500.00 FHLMC 5.6 4/17/2029-25 3134H1D26 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 248,000.00 Monthly 0.00 0.00 147.44 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 248,000.00 Monthly 0.00 0.00 926.77 First Bank NJ 4.45 12/26/2025 319137CB9 244,000.00 Semi-Annual 0.00 0.00 0.00 First Federal Savings IN 4.25 7/9/2026 32021YEV1 248,000.00 Monthly 0.00 0.00 895.18 First Freedom Bank TN 1.2 4/29/2025 32027BAL1 249,000.00 Monthly 0.00 0.00 253.78 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 248,000.00 Monthly 0.00 0.00 210.63 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 248,000.00 Monthly 0.00 0.00 284.35 First Nat'l Bank of Michigan 1.65 2/14/2025 32114VBT3 248,000.00 Monthly 0.00 0.00 347.54 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 249,000.00 Monthly 0.00 0.00 919.94 First State Bank AK 1.8 8/30/2024 336460CX6 0.00 Monthly 0.00 0.00 379.13 Firstier Bank 1.95 8/23/2024 33766LAJ7 0.00 Monthly 0.00 0.00 412.38 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 248,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.4 12/30/2024 3135GAAW1 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.42 11/18/2024-22 3135G06E8 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 11/7/2025 3135G06G3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 11/7/2025 3135G06G3 1,000,000.00 Semi-Annual 0.00 1,555.56 0.00 FNMA 0.5 8/14/2025-23 3135G05S8 500,000.00 Semi-Annual 0.00 0.00 1,250.00 FNMA 0.52 8/18/2025 3136G4M75 500,000.00 Semi-Annual 0.00 0.00 1,300.00 FNMA 0.56 11/17/2025-22 3135GA2Z3 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.56 8/21/2025-23 3136G4N74 1,000,000.00 Semi-Annual 0.00 0.00 2,800.00 FNMA 0.6 12/23/2025-21 3135GA7D7 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.625 4/22/2025 3135G03U5 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 4.75 5/15/2029-25 3135GAS36 1,000,000.00 Semi-Annual 0.00 0.00 0.00 139 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FNMA 5.05 3/26/2026-25 3135GAQR5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.15 2/26/2027-25 3135GAPL9 1,000,000.00 Semi-Annual 0.00 0.00 25,750.00 FNMA 5.25 4/2/2027-25 3135GAQZ7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.5 4/22/2027-25 3135GARK9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Forbright Bank MD 4.6 11/2/2027 34520LAT0 248,000.00 Monthly 0.00 0.00 968.90 Four Points FCU 4.55 5/11/2026 35089LAF0 248,000.00 Monthly 0.00 0.00 958.37 Freedom Financial Bank IA 1.55 2/14/2025 35637RDC8 248,000.00 Monthly 0.00 0.00 326.48 Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 244,000.00 Semi-Annual 0.00 0.00 0.00 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 248,000.00 Monthly 0.00 0.00 968.90 Golden State Bank CA 4.45 6/22/2027 38120MCA2 249,000.00 Monthly 0.00 0.00 941.08 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 248,000.00 Semi-Annual 0.00 0.00 0.00 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 249,000.00 Monthly 0.00 0.00 200.91 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 248,000.00 Monthly 0.00 0.00 1,074.21 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 248,000.00 Monthly 0.00 0.00 947.84 International Finance Corp 0.5 2/26/2026 45950VPS9 500,000.00 Semi-Annual 0.00 0.00 1,250.00 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 248,000.00 Monthly 0.00 0.00 989.96 KeyBank NA OH 5 3/17/2025 49306SJ56 244,000.00 Semi-Annual 0.00 0.00 0.00 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 248,000.00 Monthly 0.00 0.00 1,021.56 LAIF | City LGIP CITYLAIF3434 20,087,045.97 N/A 0.00 0.00 79,403.67 LAIF | Housing LGIP HOUSINGLAIF3005 2,152,117.36 N/A 0.00 0.00 8,507.28 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 248,000.00 Monthly 0.00 0.00 947.84 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 245,000.00 Semi-Annual 0.00 0.00 0.00 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 248,000.00 Monthly 0.00 0.00 1,074.21 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 248,000.00 Monthly 0.00 0.00 947.84 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 248,000.00 Monthly 0.00 0.00 947.84 Maine Community Bank 3.75 8/30/2027 560390DC7 248,000.00 Monthly 0.00 0.00 0.00 Maine Savings FCU 4.8 7/21/2028 560507AQ8 248,000.00 Monthly 0.00 0.00 1,011.02 Marathon Bank WI 1.8 3/16/2027 565819AG4 248,000.00 Monthly 0.00 0.00 379.13 Marine FCU NC 4 8/31/2026 56824JBC7 248,000.00 Monthly 0.00 0.00 0.00 Medallion Bank UT 4.85 10/20/2028 58404DTP6 248,000.00 Monthly 0.00 0.00 1,021.56 Merrick Bank UT 1.1 11/9/2026 59013KPN0 249,000.00 Monthly 0.00 0.00 232.63 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 249,000.00 Monthly 0.00 0.00 359.52 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 248,000.00 Monthly 0.00 0.00 1,021.56 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 248,000.00 Semi-Annual 0.00 0.00 0.00 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 248,000.00 Monthly 0.00 0.00 895.18 Money One FCU MD 5 9/14/2028 60936TAL3 248,000.00 Monthly 0.00 0.00 1,053.15 Morgan Stanley Bank, NA 1.95 11/20/2024 61690UNX4 245,000.00 Semi-Annual 0.00 0.00 0.00 Morgan Stanley Private Bank 1.9 11/20/2024 61760A3B3 245,000.00 Semi-Annual 0.00 0.00 0.00 Mountain American FCU 4.7 4/28/2026 62384RAT3 248,000.00 Monthly 0.00 0.00 989.96 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 248,000.00 Monthly 0.00 0.00 0.00 140 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 245,000.00 Semi-Annual 0.00 0.00 0.00 Nicolet National Bank WI 1.4 3/31/2025 654062JZ2 248,000.00 Monthly 0.00 0.00 294.88 Northpointe Bank MI 4.85 10/20/2028 666613MK7 248,000.00 Monthly 0.00 0.00 1,021.56 OPEB Trust MM OPEBTRUST 2,006,405.56 N/A 0.00 0.00 0.00 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 248,000.00 Monthly 0.00 0.00 1,021.56 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 248,000.00 Monthly 0.00 0.00 0.00 PARS Pension Trust MM PARSTRUST 5,902,311.41 N/A 0.00 0.00 0.00 Pentagon FCU 0.7 9/2/2025 70962LAF9 249,000.00 Monthly 0.00 0.00 148.04 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 248,000.00 Monthly 0.00 0.00 0.00 Ponce Bank NY 3.5 9/15/2027 732329BD8 248,000.00 Monthly 0.00 0.00 737.21 Preferred Bank CA 2 8/16/2024 740367HP5 0.00 Monthly 0.00 0.00 422.96 Prevail Bank WI 4.25 1/24/2028 887171AB2 249,000.00 Monthly 0.00 0.00 898.79 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 248,000.00 Monthly 0.00 0.00 989.96 Rockland FCU MA 4.6 12/22/2026 77357DAD0 248,000.00 Monthly 0.00 0.00 968.90 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 245,000.00 Semi-Annual 0.00 0.00 0.00 Sallie Mae Bank UT 1 7/28/2026 795451AF0 248,000.00 Semi-Annual 0.00 0.00 0.00 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 248,000.00 Monthly 0.00 0.00 916.24 Sauk Valley Bank & Trust Co. IL 1.7 11/7/2024 804375DL4 248,000.00 Monthly 0.00 0.00 358.07 Scient FCU CT 4.65 1/13/2025 80865MAB3 248,000.00 Monthly 0.00 0.00 979.43 Signature FCU VA 4.4 1/31/2028 82671DAB3 248,000.00 Monthly 0.00 0.00 926.77 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 248,000.00 Monthly 0.00 0.00 105.32 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 248,000.00 Monthly 0.00 0.00 0.00 Southern Bancorp Bank AR 0.5 10/25/2024 84223QAN7 248,000.00 Monthly 0.00 0.00 105.32 Southern Bank GA 4.25 1/28/2026 84229LBA9 244,000.00 Semi-Annual 0.00 0.00 0.00 Southern Bank MO 4.2 5/17/2028 843383CS7 248,000.00 Monthly 0.00 0.00 884.65 Southern Bank of TN 4.35 7/12/2029 84229QAC5 248,000.00 Monthly 0.00 0.00 916.24 Southern First Bank SC 4.7 5/14/2025 84287PJH6 248,000.00 Monthly 0.00 0.00 989.96 Spring Bank NY 1.5 3/20/2025 849430BF9 248,000.00 Monthly 0.00 0.00 315.95 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 248,000.00 Monthly 0.00 0.00 968.90 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 244,000.00 Semi-Annual 0.00 0.00 0.00 Synchrony Bank 0.9 9/3/2026 87165ET98 245,000.00 Semi-Annual 0.00 0.00 0.00 Technology Credit Union CA 5 5/29/2026 87868YAQ6 248,000.00 Monthly 0.00 0.00 1,053.15 The Bank of Princeton0.5 12/30/2024 064520BG3 248,000.00 Monthly 0.00 0.00 105.32 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 248,000.00 Monthly 0.00 0.00 968.90 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 248,000.00 Monthly 0.00 0.00 642.42 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 244,000.00 Semi-Annual 0.00 0.00 0.00 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 245,000.00 Semi-Annual 0.00 0.00 4,031.42 T-Note 0.25 10/31/2025 91282CAT8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 1/31/2026 91282CBH3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 11/30/2025 91282CAZ4 500,000.00 Semi-Annual 0.00 0.00 0.00 141 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends T-Note 0.375 12/31/2025 91282CBC4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.5 2/28/2026 91282CBQ3 500,000.00 Semi-Annual 0.00 0.00 1,250.00 T-Note 0.5 2/28/2026 91282CBQ3 750,000.00 Semi-Annual 0.00 0.00 1,875.00 T-Note 0.625 10/15/2024 91282CDB4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.625 7/31/2026 91282CCP4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 5/31/2026 91282CCF6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 5/31/2026 91282CCF6 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 8/31/2026 91282CCW9 1,000,000.00 Semi-Annual 0.00 0.00 3,750.00 T-Note 0.75 8/31/2026 91282CCW9 500,000.00 Semi-Annual 0.00 0.00 1,875.00 T-Note 1.125 10/31/2026 91282CDG3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.5 1/31/2027 912828Z78 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.5 11/30/2024 912828YV6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.875 7/31/2026 912828Y95 1,000,000.00 Semi-Annual 0.00 1,477.58 0.00 T-Note 1.875 8/31/2024 9128282U3 0.00 Semi-Annual 0.00 0.00 4,687.50 T-Note 1.875 8/31/2024 9128282U3 0.00 Semi-Annual 0.00 0.00 28,125.00 T-Note 2.25 10/31/2024 9128283D0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.25 8/15/2027 9128282R0 1,000,000.00 Semi-Annual 0.00 0.00 11,250.00 T-Note 2.375 4/30/2026 9128286S4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.375 5/15/2027 912828X88 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.5 3/31/2027 91282CEF4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 2/15/2029 9128286B1 1,000,000.00 Semi-Annual 0.00 0.00 13,125.00 T-Note 2.625 5/31/2027 91282CET4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 5/31/2027 91282CET4 1,000,000.00 Semi-Annual 0.00 6,454.92 0.00 T-Note 2.75 4/30/2027 91282CEN7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.875 4/30/2029 91282CEM9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 11/15/2028 9128285M8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 8/31/2027 91282CFH9 500,000.00 Semi-Annual 0.00 0.00 7,812.50 T-Note 3.25 6/30/2027 91282CEW7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 1/31/2028 91282CGH8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 1/31/2028 91282CGH8 1,000,000.00 Semi-Annual 0.00 2,758.15 0.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 142 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4 1/15/2027 91282CJT9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4 7/31/2029 91282CLC3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 750,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 3/31/2029 91282CKG5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 9/30/2027 91282CFM8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.25 1/31/2026 91282CJV4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.25 6/30/2029 91282CKX8 2,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.375 10/31/2024 91282CFQ9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.5 5/31/2029 91282CKT7 2,000,000.00 Semi-Annual 0.00 0.00 0.00 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 245,000.00 Semi-Annual 0.00 0.00 0.00 Transportation Alliance Bank 0.4 1/23/2025 89388CEY0 248,000.00 Monthly 0.00 0.00 84.25 True Sky FCU 1.6 2/4/2027 89786MAF1 245,000.00 Semi-Annual 0.00 0.00 1,954.63 Truliant FCU NC 4.7 9/10/2027 89789AAG2 248,000.00 Monthly 0.00 0.00 989.96 Trustone Financial CU 5.15 12/27/2024 89841MAX5 248,000.00 Monthly 0.00 0.00 1,084.75 Tuscon FCU AZ 5 9/8/2028 898812AC6 248,000.00 Monthly 0.00 0.00 1,053.15 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 248,000.00 Monthly 0.00 0.00 1,032.09 United Bankers' Bank 5 3/17/2025 909557KQ2 248,000.00 Monthly 0.00 0.00 1,053.15 United Community Bank IL 1.65 2/7/2025 90983WBT7 248,000.00 Monthly 0.00 0.00 347.54 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 248,000.00 Monthly 0.00 0.00 947.84 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 248,000.00 Monthly 0.00 0.00 400.20 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 248,000.00 Monthly 0.00 0.00 1,074.21 University Bank MI 4.2 11/30/2027 914098DJ4 249,000.00 Monthly 0.00 0.00 888.21 University Credit Union Los Angeles 4 9/26/2025 914242AA0 248,000.00 Monthly 0.00 0.00 842.52 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 248,000.00 Monthly 0.00 0.00 916.24 US Bank | Custodian MM USB3000 266,491.83 N/A 0.00 0.00 15,496.44 US Bank | Fiscal Agent MM USB4000-6000 15,050,686.75 N/A 0.00 0.00 6.78 US Bank | In Transit Cash USB3000-TRANSIT 3,500,000.00 N/A 0.00 0.00 0.00 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 248,000.00 Monthly 0.00 0.00 958.37 Utah First FCU 5 7/21/2028 91739JAB1 245,000.00 Monthly 0.00 0.00 1,040.41 Valley National Bank NJ 4.95 5/29/2026 919853LV1 244,000.00 Semi-Annual 0.00 0.00 0.00 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 247,000.00 Monthly 0.00 0.00 1,090.86 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 249,000.00 Monthly 0.00 0.00 169.18 VisionBank MN 4.05 5/12/2028 92834ABT2 248,000.00 Monthly 0.00 0.00 853.05 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 248,000.00 Monthly 0.00 0.00 958.37 Walmart Inc 3.7 6/26/2028-28 931142EE9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Washington FCU 2 8/23/2024 938828BH2 0.00 Monthly 0.00 0.00 421.26 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 244,000.00 Semi-Annual 0.00 0.00 0.00 Western State Bank ND 1 5/13/2025 95960NKD8 245,000.00 Semi-Annual 0.00 0.00 0.00 143 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Workers FCU MA 5.2 10/30/2028 98138MCA6 248,000.00 Monthly 0.00 0.00 1,095.28 Total / Average 274,232,641.63 0.00 12,246.21 684,196.74 144 CLICK HERE to Return to Agenda
-C.Al.lFORNIA --
City of La Quinta
Investment Portfolio
Quarterly Investment Report
September 30, 2024
COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end.

Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM@Cost Days To Maturity CAMP 52,192,108.58 52,192,108.58 52,192,108.58 20.37 5.22 181 CERBT OPEB Trust 2,162,887.88 2,162,887.88 2,162,887.88 0.84 2.12 1 Fiscal Agent - Debt Service 17,661.11 17,661.11 17,661.11 0.01 4.58 1 Fixed Income Investments 155,440,000.00 154,324,079.14 154,658,954.69 60.38 3.15 948 Housing Authority - LQPR 214,462.13 214,462.13 214,462.13 0.08 0.00 1 Housing Authority - DPME 1,065,238.20 1,065,238.20 1,065,238.20 0.42 0.00 1 Housing Authority - LAIF 2,152,117.36 2,156,553.05 2,152,117.36 0.84 4.58 1 LAIF 20,087,045.97 20,128,447.06 20,087,045.97 7.84 4.58 1 Money Market at Custodian 210,624.97 210,624.97 210,624.97 0.08 4.97 1 Operating Funds 17,403,746.10 17,403,746.10 17,403,746.10 6.79 4.95 1 PARS Pension Trust 5,993,190.37 5,993, 190.37 _ 5,993, 190.37 2.34 1.59 1 Total I Average 256,939,082.67 255,868,998.59 256,158,037.36 100.00 3.76 610 t\ /l'R /2-02-'i
Claudia Martinez, Finance Director/ ity Treasurer Date
145 CLICK HERE to Return to Agenda
Portfolio Name Allocation
Portfolio Name
Market Value
6/30/2024
% of Portfolio
6/30/2024
Market Value
9/30/2024
% of Portfolio
9/30/2024
CAMP 52,022,811.27 18.88 52,192,108.58 20.40
CERBT OPEB Trust 2,006,405.56 0.73 2,162,887.88 0.85
Fiscal Agent - Debt Service 1,670.09 0.00 17,661.11 0.01 Fixed Income Investments 144,014,360.96 52.28 154,324,079.14 60.31 Housing Authority - LQPR 160,185.70 0.06 214,462.13 0.08 Housing Authority - DPME 983,031.73 0.36 1,065,238.20 0.42 Housing Authority - LAIF 2,097,005.34 0.76 2,156,553.05 0.84 LAIF 19,346,086.81 7.02 20,128,447.06 7.87
Money Market at Custodian 5,768,588.55 2.09 210,624.97 0.08 Operating Funds 43,413,206.75 15.76 17,403,746.10 6.80
PARS Pension Trust 5,666,575.00 2.06 5,993,190.37 2.34
Total / Average 275,479,927.76 100.00 255,868,998.59 100.00 Portfolio Holdings as of 6/30/2024 Portfolio Holdings as of 9/30/2024 Begin Date: 6/30/2024, End Date: 9/30/2024 All Portfolios Distribution by Portfolio Name - Market Value
City of La Quinta | CA
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Asset Category Allocation
Asset Category
Market Value
6/30/2024
% of Portfolio
6/30/2024
Market Value
9/30/2024
% of Portfolio
9/30/2024
Certificate of Deposits | 30 % 38,277,992.96 13.90 42,268,022.14 16.52 Checking | Savings | Sweep Accounts 1,146,517.43 0.42 1,283,000.33 0.50 Corporate Notes | 30 % 2,429,645.00 0.88 2,505,675.00 0.98 Investment Pools 73,465,903.42 26.67 74,477,108.69 29.11 Money Market Mutual Funds | 20 % 49,180,165.39 17.85 17,628,732.18 6.89 Trusts Not Subject to Policy 7,672,980.56 2.79 8,156,078.25 3.19 US Agency | 100 % 59,961,953.00 21.77 59,624,382.00 23.30 US Treasury | 100 % 43,344,770.00 15.73 49,926,000.00 19.51 Total / Average 275,479,927.76 100.00 255,868,998.59 100.00 Portfolio Holdings as of 6/30/2024 Portfolio Holdings as of 9/30/2024 Begin Date: 6/30/2024, End Date: 9/30/2024 All Portfolios Distribution by Asset Category - Market Value
City of La Quinta | CA
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Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 4/30/2024 247,181,344.18 252,512,039.34 -5,330,695.16 3.73 4.90 1.33 516 5/31/2024 256,021,436.46 260,800,529.38 -4,779,092.92 3.79 4.86 1.32 512 6/30/2024 275,479,927.76 279,752,764.18 -4,272,836.42 3.91 4.85 1.22 474 7/31/2024 272,353,239.78 274,595,507.76 -2,242,267.98 3.92 4.68 1.41 547 8/31/2024 272,309,681.39 273,424,532.39 -1,114,851.00 3.79 4.37 1.44 557 9/30/2024 255,868,998.59 256,158,037.36 -289,038.77 3.76 4.22 1.58 611 Total / Average 263,202,438.03 266,207,235.07 -3,004,797.04 3.82 4.64 1.38 536 Market Value / Book Value Comparison
Begin Date: 4/30/2024, End Date: 9/30/2024 All Portfolios Portfolio Summary by Month
City of La Quinta | CA
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Month
Beginning BV +
Accrued Interest
Interest Earned
During Period-BV
Realized
Gain/Loss-BV
Investment
Income-BV
Average Capital
Base-BV TRR-BV
Annualized
TRR-BV
Treasury 1
Year
4/30/2024 251,436,566.57 732,937.82 0.00 732,937.82 237,264,244.62 0.31 3.77 5.14 5/31/2024 253,124,748.63 727,397.99 0.00 727,397.99 251,464,954.93 0.29 3.53 5.19 6/30/2024 261,533,693.02 1,040,364.78 0.00 1,040,364.78 260,575,152.86 0.40 4.90 5.11 7/31/2024 280,557,939.79 821,975.82 0.00 821,975.82 280,315,192.17 0.29 3.58 4.90 8/31/2024 275,604,902.66 779,846.52 0.00 779,846.52 280,051,958.13 0.28 3.39 4.43 9/30/2024 274,598,699.24 991,350.56 0.00 991,350.56 258,080,934.73 0.38 4.71 4.03 Total/Average 251,436,566.57 5,093,873.49 0.00 5,093,873.49 260,219,647.46 1.96 3.95 4.80 Begin Date: 4/30/2024, End Date: 9/30/2024 All Portfolios Total Rate of Return - Book Value by Month
City of La Quinta | CA
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Maturity Range Allocation
Maturity Range
Market Value
6/30/2024
% of Portfolio
6/30/2024
Market Value
9/30/2024
% of Portfolio
9/30/2024
0-1 Month 134,958,060.60 48.99 62,790,570.25 24.54
1-3 Months 9,179,400.23 3.33 6,465,471.21 2.53
3-6 Months 7,642,301.01 2.77 17,398,975.60 6.80
6-9 Months 7,083,357.00 2.57 36,091,845.69 14.11
9-12 Months 6,769,515.99 2.46 6,362,844.64 2.49
1-2 Years 25,491,354.50 9.25 28,813,257.44 11.26
2-3 Years 28,751,742.92 10.44 33,233,469.22 12.99
3-4 Years 26,774,832.07 9.72 29,845,129.49 11.66
4-5 Years 28,829,363.44 10.47 34,867,435.05 13.63
Total / Average 275,479,927.76 100.00 255,868,998.59 100.00 Portfolio Holdings
Begin Date: 6/30/2024, End Date: 9/30/2024 All Portfolios Distribution by Maturity Range - Market Value
City of La Quinta | CA
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City of La Quinta | CA
Portfolio Holdings
Percent of Portfolio Use This
Report Format: By Transaction
Group By: Security Type
Average By: Market Value
Portfolio / Report Group: All Portfolios
As of 9/30/2024
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Cash
BMO Bank | LQ Palms Realty Cash LQPR1935 Checking | Savings | Sweep Accounts 0.08 3/31/2024 0.000 0.000 214,462.13 214,462.13 214,462.13 N/A BMO Suntrust | Dune Palms Cash DPME4741-3599 Checking | Savings | Sweep Accounts 0.42 3/31/2024 0.000 0.000 1,065,238.20 1,065,238.20 1,065,238.20 N/A City of La Quinta Cash PETTYCASH Checking | Savings |
Sweep Accounts 0.00 3/31/2024 0.000 0.000 3,300.00 3,300.00 3,300.00 N/A Sub Total / Average Cash 0.50 0.000 0.000 1,283,000.33 1,283,000.33 1,283,000.33 Corporate Bond
Blackrock Funding Inc 4.7 3/14/2029-
29 09290DAA9 Corporate Notes | 30%

0.40 3/28/2024 4.700 4.623 1,000,000.00 1,028,550.00 1,003,035.37 3/14/2029 International Finance Corp 0.5
2/26/2026 45950VPS9 Corporate Notes | 30%

0.19 2/26/2021 0.500 0.610 500,000.00 477,605.00 499,241.00 2/26/2026 Walmart Inc 3.7 6/26/2028-28 931142EE9 Corporate Notes | 30 %

0.39 6/26/2023 3.700 4.303 1,000,000.00 999,520.00 979,896.03 6/26/2028 Sub Total / Average Corporate
Bond 0.98 3.501 3.730 2,500,000.00 2,505,675.00 2,482,172.40 FFCB Bond
FFCB 0.5 6/9/2025 3133ELH23 US Agency | 100 % 0.19 6/9/2020 0.500 0.506 500,000.00 487,540.00 499,979.32 6/9/2025 FFCB 0.68 6/10/2025-22 3133ELH80 US Agency | 100 % 0.19 6/10/2020 0.680 0.680 500,000.00 487,775.00 500,000.00 6/10/2025 FFCB 0.71 8/10/2026-23 3133EM2C5 US Agency | 100 % 0.18 8/10/2021 0.710 0.792 500,000.00 472,330.00 499,256.25 8/10/2026 FFCB 0.8 9/10/2026 3133EM4X7 US Agency | 100 % 0.37 9/28/2021 0.800 0.985 1,000,000.00 946,300.00 996,496.07 9/10/2026 FFCB 0.97 12/9/2024-22 3133ENGN4 US Agency | 100 % 0.39 12/9/2021 0.970 0.970 1,000,000.00 992,840.00 1,000,000.00 12/9/2024 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency | 100 % 0.37 11/2/2021 1.270 1.270 1,000,000.00 949,460.00 1,000,000.00 11/2/2026 FFCB 3.375 9/15/2027 3133ENL99 US Agency | 100 % 0.39 9/15/2022 3.375 3.430 1,000,000.00 993,090.00 998,516.99 9/15/2027 FFCB 3.5 9/10/2029 3133ERSP7 US Agency | 100 % 0.39 9/18/2024 3.500 3.470 1,000,000.00 994,350.00 1,001,340.96 9/10/2029 FFCB 3.75 12/7/2027 3133EN3S7 US Agency | 100 % 0.39 12/7/2022 3.750 3.794 1,000,000.00 1,003,770.00 998,725.96 12/7/2027 FFCB 3.75 8/15/2029 3133ERPS4 US Agency | 100 % 0.39 8/15/2024 3.750 3.800 1,000,000.00 1,005,470.00 997,798.45 8/15/2029 FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.39 1/18/2024 3.875 4.051 1,000,000.00 1,009,670.00 993,206.00 1/18/2029 FFCB 3.875 1/18/2029 3133EPW84 US Agency | 100 % 0.39 1/30/2024 3.875 4.000 1,000,000.00 1,009,670.00 995,151.68 1/18/2029 FFCB 3.875 2/14/2028 3133EPAV7 US Agency | 100 % 0.39 2/15/2023 3.875 3.977 1,000,000.00 1,007,690.00 996,896.66 2/14/2028 FFCB 3.875 6/8/2028 3133EPME2 US Agency | 100 % 0.39 6/8/2023 3.875 3.915 1,000,000.00 1,008,110.00 998,664.89 6/8/2028 151 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FFCB 4 11/29/2027 3133EN3H1 US Agency | 100 % 0.40 11/29/2022 4.000 4.030 1,000,000.00 1,011,150.00 999,146.03 11/29/2027 FFCB 4 9/29/2027 3133ENQ29 US Agency | 100 % 0.39 9/30/2022 4.000 4.080 1,000,000.00 1,010,610.00 997,841.60 9/29/2027 FFCB 4.125 2/13/2029 3133EP3B9 US Agency | 100 % 0.40 2/14/2024 4.125 4.318 1,000,000.00 1,020,930.00 992,480.98 2/13/2029 FFCB 4.25 7/17/2028 3133EPQD0 US Agency | 100 % 0.40 7/31/2023 4.250 4.280 1,000,000.00 1,021,180.00 998,971.82 7/17/2028 FFCB 4.25 8/7/2028 3133EPSK2 US Agency | 100 % 0.40 8/18/2023 4.250 4.467 1,000,000.00 1,022,790.00 992,558.39 8/7/2028 FFCB 4.375 4/10/2029 3133ERAK7 US Agency | 100 % 0.40 4/23/2024 4.375 4.701 1,000,000.00 1,031,960.00 986,947.23 4/10/2029 FFCB 4.625 11/13/2028 3133EPC45 US Agency | 100 % 0.41 11/13/2023 4.625 4.630 1,000,000.00 1,038,660.00 999,810.53 11/13/2028 Sub Total / Average FFCB Bond 7.63 3.285 3.372 19,500,000.00 19,525,345.00 19,443,789.81 FHLB Bond
FHLB 0.375 12/12/2025 3130AKFA9 US Agency | 100 % 0.19 12/7/2020 0.375 0.480 500,000.00 480,605.00 499,378.82 12/12/2025 FHLB 0.5 6/13/2025 3130AJKW8 US Agency | 100 % 0.19 6/3/2020 0.500 0.506 500,000.00 487,225.00 499,979.10 6/13/2025 FHLB 0.51 1/14/2026-22 3130AKMZ6 US Agency | 100 % 0.19 1/14/2021 0.510 0.510 500,000.00 478,925.00 500,000.00 1/14/2026 FHLB 0.55 1/29/2026-21 3130AKN28 US Agency | 100 % 0.19 1/29/2021 0.550 0.550 500,000.00 478,485.00 500,000.00 1/29/2026 FHLB 0.55 1/7/2025-22 3130AP2U8 US Agency | 100 % 0.39 12/7/2021 0.550 0.976 1,000,000.00 988,560.00 998,883.32 1/7/2025 FHLB 0.68 6/30/2025-21 3130AJRP6 US Agency | 100 % 0.11 6/30/2020 0.680 0.680 300,000.00 292,359.00 300,000.00 6/30/2025 FHLB 0.75 6/12/2026 3130AMFS6 US Agency | 100 % 0.37 6/17/2021 0.750 0.885 1,000,000.00 951,880.00 997,758.99 6/12/2026 FHLB 0.95 10/13/2026-23 3130APB46 US Agency | 100 % 0.37 10/13/2021 0.950 0.986 1,000,000.00 944,960.00 999,287.94 10/13/2026 FHLB 1 9/30/2026-22 3130APBM6 US Agency | 100 % 0.37 9/30/2021 1.000 1.021 1,000,000.00 946,000.00 999,600.33 9/30/2026 FHLB 1.25 12/21/2026 3130AQF65 US Agency | 100 % 0.37 12/22/2021 1.250 1.255 1,000,000.00 948,230.00 999,888.77 12/21/2026 FHLB 1.5 1/27/2027-23 3130AQJR5 US Agency | 100 % 0.37 1/27/2022 1.500 1.500 1,000,000.00 949,970.00 1,000,000.00 1/27/2027 FHLB 1.7 2/24/2025-23 3130AQWY5 US Agency | 100 % 0.39 2/25/2022 1.700 1.700 1,000,000.00 986,930.00 1,000,000.00 2/24/2025 FHLB 1.83 2/10/2027-23 3130AQSA2 US Agency | 100 % 0.37 2/10/2022 1.830 1.830 1,000,000.00 956,560.00 1,000,000.00 2/10/2027 FHLB 2.5 10/14/2025-23 3130ARGJ4 US Agency | 100 % 0.19 4/14/2022 2.500 2.500 500,000.00 492,015.00 500,000.00 10/14/2025 FHLB 2.7 4/19/2027-24 3130ARGY1 US Agency | 100 % 0.38 4/19/2022 2.700 2.700 1,000,000.00 976,290.00 1,000,000.00 4/19/2027 FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency | 100 % 0.12 6/28/2022 3.300 3.300 300,000.00 297,378.00 300,000.00 6/28/2027 FHLB 4.45 2/12/2029-27 3130AYXU5 US Agency | 100 % 0.79 2/15/2024 4.450 4.450 2,000,000.00 2,021,140.00 2,000,000.00 2/12/2029 FHLB 4.75 12/26/2024 3130AYBQ8 US Agency | 100 % 0.39 12/29/2023 4.750 4.800 1,000,000.00 1,000,260.00 999,884.44 12/26/2024 FHLB 4.75 9/8/2028 3130AXEL8 US Agency | 100 % 0.41 10/3/2023 4.750 4.762 1,000,000.00 1,041,000.00 999,600.62 9/8/2028 FHLB 4.81 1/10/2025 3130AYKN5 US Agency | 100 % 0.39 1/31/2024 4.810 4.808 1,000,000.00 1,000,530.00 999,997.91 1/10/2025 FHLB 5 2/15/2029-25 3130AYYJ9 US Agency | 100 % 0.40 2/15/2024 5.000 5.000 1,000,000.00 1,011,190.00 1,000,000.00 2/15/2029 FHLB 5.04 4/23/2029-27 3130B14L8 US Agency | 100 % 0.36 4/25/2024 5.040 5.040 900,000.00 914,202.00 900,000.00 4/23/2029 FHLB Step 11/24/2026-22 3130APTV7 US Agency | 100 % 0.19 11/24/2021 2.000 1.489 500,000.00 482,615.00 499,785.16 11/24/2026 FHLB Step 3/30/2026 3130ALV92 US Agency | 100 % 0.19 3/30/2021 1.050 0.938 500,000.00 480,890.00 500,000.00 3/30/2026 Sub Total / Average FHLB Bond 7.66 2.537 2.559 20,000,000.00 19,608,199.00 19,994,045.40 FHLMC Bond
FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.38 12/7/2020 0.375 0.434 1,000,000.00 971,250.00 999,529.16 7/21/2025 FHLMC 0.375 7/21/2025 3137EAEU9 US Agency | 100 % 0.19 1/5/2022 0.375 1.120 500,000.00 485,625.00 497,063.61 7/21/2025 FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.19 2/23/2021 0.375 0.552 500,000.00 482,665.00 499,144.14 9/23/2025 152 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
FHLMC 0.375 9/23/2025 3137EAEX3 US Agency | 100 % 0.38 3/30/2021 0.375 0.740 1,000,000.00 965,330.00 996,485.32 9/23/2025 FHLMC 0.55 12/30/2025 3134GXGZ1 US Agency | 100 % 0.19 12/30/2020 0.550 0.550 500,000.00 481,005.00 500,000.00 12/30/2025 FHLMC 0.625 5/27/2025 3134GVYG7 US Agency | 100 % 0.38 5/27/2020 0.625 0.625 1,000,000.00 977,080.00 1,000,000.00 5/27/2025 FHLMC 0.65 10/27/2025-21 3134GW5R3 US Agency | 100 % 0.15 1/5/2022 0.650 1.232 400,000.00 386,308.00 397,567.44 10/27/2025 FHLMC 0.7 12/30/2026-21 3134GWUQ7 US Agency | 100 % 0.37 2/10/2022 0.700 1.870 1,000,000.00 936,440.00 974,966.53 12/30/2026 FHLMC 0.8 10/28/2026-21 3134GW6C5 US Agency | 100 % 0.18 1/5/2022 0.800 1.404 500,000.00 470,870.00 493,961.89 10/28/2026 FHLMC 5.2 4/17/2028-24 3134GYPJ5 US Agency | 100 % 0.39 4/24/2023 5.200 5.221 1,000,000.00 999,800.00 999,359.15 4/17/2028 FHLMC 5.5 2/26/2029-25 3134H1UX9 US Agency | 100 % 0.39 2/29/2024 5.500 5.500 1,000,000.00 1,003,110.00 1,000,000.00 2/26/2029 FHLMC 5.6 4/17/2029-25 3134H1D26 US Agency | 100 % 0.39 4/24/2024 5.600 5.611 1,000,000.00 1,005,210.00 999,543.50 4/17/2029 Sub Total / Average FHLMC Bond 3.58 2.138 2.410 9,400,000.00 9,164,693.00 9,357,620.74 FNMA Bond
FNMA 0.4 12/30/2024 3135GAAW1 US Agency | 100 % 0.19 12/30/2020 0.400 0.400 500,000.00 494,845.00 500,000.00 12/30/2024 FNMA 0.42 11/18/2024-22 3135G06E8 US Agency | 100 % 0.19 11/18/2020 0.420 0.458 500,000.00 497,105.00 499,975.50 11/18/2024 FNMA 0.5 11/7/2025 3135G06G3 US Agency | 100 % 0.38 12/7/2021 0.500 1.120 1,000,000.00 962,270.00 993,339.11 11/7/2025 FNMA 0.5 11/7/2025 3135G06G3 US Agency | 100 % 0.38 8/29/2024 0.500 4.170 1,000,000.00 962,270.00 960,902.92 11/7/2025 FNMA 0.5 8/14/2025-23 3135G05S8 US Agency | 100 % 0.19 8/14/2020 0.500 0.500 500,000.00 484,865.00 500,000.00 8/14/2025 FNMA 0.52 8/18/2025 3136G4M75 US Agency | 100 % 0.19 8/28/2020 0.520 0.530 500,000.00 484,845.00 499,955.70 8/18/2025 FNMA 0.56 11/17/2025-22 3135GA2Z3 US Agency | 100 % 0.19 11/17/2020 0.560 0.591 500,000.00 480,965.00 499,830.74 11/17/2025 FNMA 0.56 8/21/2025-23 3136G4N74 US Agency | 100 % 0.38 8/21/2020 0.560 0.560 1,000,000.00 967,680.00 1,000,000.00 8/21/2025 FNMA 0.6 12/23/2025-21 3135GA7D7 US Agency | 100 % 0.19 12/23/2020 0.600 0.600 500,000.00 481,050.00 500,000.00 12/23/2025 FNMA 0.625 4/22/2025 3135G03U5 US Agency | 100 % 0.19 1/28/2022 0.625 1.400 500,000.00 489,890.00 497,889.76 4/22/2025 FNMA 4.75 5/15/2029-25 3135GAS36 US Agency | 100 % 0.39 5/15/2024 4.750 4.912 1,000,000.00 1,004,820.00 993,432.50 5/15/2029 FNMA 5.05 3/26/2026-25 3135GAQR5 US Agency | 100 % 0.39 4/24/2024 5.050 5.103 1,000,000.00 1,002,290.00 999,225.43 3/26/2026 FNMA 5.15 2/26/2027-25 3135GAPL9 US Agency | 100 % 0.39 2/26/2024 5.150 5.150 1,000,000.00 1,001,870.00 1,000,000.00 2/26/2027 FNMA 5.25 4/2/2027-25 3135GAQZ7 US Agency | 100 % 0.39 4/24/2024 5.250 5.283 1,000,000.00 1,004,100.00 999,232.70 4/2/2027 FNMA 5.5 4/22/2027-25 3135GARK9 US Agency | 100 % 0.39 4/24/2024 5.500 5.500 1,000,000.00 1,007,280.00 1,000,000.00 4/22/2027 Sub Total / Average FNMA Bond 4.43 2.567 2.990 11,500,000.00 11,326,145.00 11,443,784.36 Guaranteed Investment Contract
CAMP TERM 5.16 6/12/2025 CAMPTERM61225 Investment Pools 11.72 7/2/2024 5.160 5.160 30,000,000.00 30,000,000.00 30,000,000.00 6/12/2025 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 Investment Pools 3.91 7/2/2024 5.310 5.310 10,000,000.00 10,000,000.00 10,000,000.00 3/28/2025 Sub Total / Average Guaranteed
Investment Contract 15.63 5.198 5.198 40,000,000.00 40,000,000.00 40,000,000.00 Local Government Investment Pool
CAMP LGIP CAMP7001 Investment Pools 4.76 3/31/2024 5.290 5.290 12,192,108.58 12,192,108.58 12,192,108.58 N/A LAIF | City LGIP CITYLAIF3434 Investment Pools 7.87 2/28/2024 4.575 4.575 20,087,045.97 20,128,447.06 20,087,045.97 N/A LAIF | Housing LGIP HOUSINGLAIF3005 Investment Pools 0.84 2/28/2024 4.575 4.575 2,152,117.36 2,156,553.05 2,152,117.36 N/A Sub Total / Average Local
Government Investment Pool 13.47 4.828 4.828 34,431,271.91 34,477,108.69 34,431,271.91 153 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Money Market
BMO Bank | Operating MM BMO1851OP Money Market Mutual
Funds | 20 % 6.80 3/31/2024 4.950 4.950 17,400,446.10 17,400,446.10 17,400,446.10 N/A OPEB Trust MM OPEBTRUST Trusts Not Subject to
Policy 0.85 3/31/2024 2.120 2.120 2,162,887.88 2,162,887.88 2,162,887.88 N/A PARS Pension Trust MM PARSTRUST Trusts Not Subject to
Policy 2.34 3/31/2024 1.590 1.590 5,993,190.37 5,993,190.37 5,993,190.37 N/A US Bank | Custodian MM USB3000 Money Market Mutual
Funds | 20 % 0.08 3/31/2024 4.970 4.970 210,624.97 210,624.97 210,624.97 N/A US Bank | Fiscal Agent MM USB4000-6000 Money Market Mutual Funds | 20 % 0.01 3/31/2024 4.575 4.575 17,661.11 17,661.11 17,661.11 N/A Sub Total / Average Money Market 10.08 3.932 3.932 25,784,810.43 25,784,810.43 25,784,810.43 Negotiable Certificate Of Deposit
Access Bank NE 1.6 3/13/2025 00435JBH5 Certificate of
Deposits | 30 % 0.10 3/13/2020 1.600 1.600 248,000.00 244,753.68 248,000.00 3/13/2025 Advantage Credit Union IA 4.45
7/31/2028 00790UAE7 Certificate ofDeposits | 30 % 0.10 7/31/2024 4.450 4.450 249,000.00 256,649.28 249,000.00 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Certificate of Deposits | 30 % 0.10 3/17/2023 4.900 4.900 248,000.00 257,791.04 248,000.00 3/17/2028 Alabama Credit Union 5 6/22/2026 01025RAG4 Certificate of Deposits | 30 % 0.10 6/20/2023 5.000 5.000 248,000.00 252,828.56 248,000.00 6/22/2026 All In FCU AL 4.4 12/20/2027 01664MAB2 Certificate of
Deposits | 30 % 0.10 12/20/2022 4.400 4.400 248,000.00 252,927.76 248,000.00 12/20/2027 Alliant Credit Union IL 5 12/30/2027 01882MAC6 Certificate of Deposits | 30 % 0.10 12/30/2022 5.000 5.000 247,000.00 256,529.26 247,000.00 12/30/2027 Ally Bank UT 2.55 4/21/2025 02007GPX5 Certificate of
Deposits | 30 % 0.09 4/21/2022 2.550 2.550 245,000.00 242,442.20 245,000.00 4/21/2025 Alma Bank NY 1.4 3/28/2025 020080BX4 Certificate of
Deposits | 30 % 0.10 3/30/2020 1.400 1.400 248,000.00 244,267.60 248,000.00 3/28/2025 Altaone FCU CA 4.45 7/19/2029 02157RAA5 Certificate of
Deposits | 30 % 0.10 7/19/2024 4.450 4.450 249,000.00 257,996.37 249,000.00 7/19/2029 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 Certificate of Deposits | 30 % 0.09 2/14/2022 1.600 1.600 245,000.00 232,808.80 245,000.00 2/16/2027 American Express Nat'l Bank 3.45
7/27/2027 02589ADH2 Certificate ofDeposits | 30 % 0.09 8/29/2022 3.450 3.450 245,000.00 242,616.15 245,000.00 7/27/2027 American State Bank IA 1.6
2/21/2025 029728BC5 Certificate ofDeposits | 30 % 0.10 2/21/2020 1.600 1.600 248,000.00 245,133.12 248,000.00 2/21/2025 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 Certificate of Deposits | 30 % 0.10 9/21/2022 3.800 3.800 248,000.00 248,000.00 248,000.00 9/21/2027 Axos Bank CA 1.65 3/26/2025 05465DAE8 Certificate of
Deposits | 30 % 0.10 3/26/2020 1.650 1.650 248,000.00 244,602.40 248,000.00 3/26/2025 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 Certificate of Deposits | 30 % 0.10 7/19/2023 4.400 4.400 248,000.00 262,547.68 248,000.00 7/19/2028 Ballston Spa Nat'l Bank NY 4.8
11/24/2026 058723AQ0 Certificate ofDeposits | 30 % 0.10 5/24/2024 4.800 4.800 248,000.00 253,111.28 248,000.00 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 Certificate of Deposits | 30 % 0.10 5/12/2023 4.250 4.250 248,000.00 253,069.12 248,000.00 5/12/2028 154 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Bank of America 5.2 12/8/2025 06051XEF5 Certificate of
Deposits | 30 % 0.10 6/6/2024 5.200 5.200 243,000.00 246,562.38 243,000.00 12/8/2025 Bank of New England NH 4.85
1/14/2025 06426KDE5 Certificate ofDeposits | 30 % 0.10 2/14/2024 4.850 4.850 248,000.00 248,007.44 248,000.00 1/14/2025 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 Certificate of Deposits | 30 % 0.10 3/15/2023 4.600 4.600 244,000.00 248,511.56 244,000.00 3/15/2027 Bank OZK AR 0.4 1/29/2025 06417NZQ9 Certificate of
Deposits | 30 % 0.10 7/29/2021 0.400 0.400 248,000.00 244,709.04 248,000.00 1/29/2025 Bankers Bank WI 4.15 5/24/2028 06610RCA5 Certificate of Deposits | 30 % 0.10 5/24/2023 4.150 4.150 248,000.00 252,337.52 248,000.00 5/24/2028 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 Certificate of Deposits | 30 % 0.10 6/21/2024 4.500 4.500 248,000.00 257,436.40 248,000.00 6/21/2029 Baxter Credit Union IL 4.35
8/22/2028 07181JBH6 Certificate ofDeposits | 30 % 0.10 8/22/2024 4.350 4.350 248,000.00 254,968.80 248,000.00 8/22/2028 Beal Bank TX 1.9 2/17/2027 07371AYE7 Certificate of
Deposits | 30 % 0.09 2/23/2022 1.900 1.900 245,000.00 234,455.20 245,000.00 2/17/2027 Beal Bank USA NV 1.9 2/17/2027 07371CE88 Certificate of Deposits | 30 % 0.09 2/23/2022 1.900 1.900 245,000.00 234,455.20 245,000.00 2/17/2027 Blue Ridge Bank, NA VA 4.2
2/28/2028 09582YAF9 Certificate ofDeposits | 30 % 0.10 2/28/2023 4.200 4.200 244,000.00 247,791.76 244,000.00 2/28/2028 BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 Certificate of Deposits | 30 % 0.10 9/7/2023 4.500 4.500 244,000.00 252,278.92 244,000.00 9/7/2028 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 Certificate of Deposits | 30 % 0.10 3/29/2023 4.850 4.850 248,000.00 254,195.04 248,000.00 3/29/2027 California Credit Union CA 5.1
6/30/2025 130162BL3 Certificate ofDeposits | 30 % 0.10 12/28/2023 5.100 5.100 244,000.00 245,485.96 244,000.00 6/30/2025 Capital One NA f/k/a Capital One
USA 1.6 4/8/2025 14042TDD6 Certificate ofDeposits | 30 % 0.09 4/8/2020 1.600 1.600 245,000.00 241,396.05 245,000.00 4/8/2025 Capital One, NA 1.1 11/17/2026 14042RQB0 Certificate of Deposits | 30 % 0.09 11/17/2021 1.100 1.100 248,000.00 234,369.92 248,000.00 11/17/2026 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Certificate of Deposits | 30 % 0.10 7/5/2024 4.550 4.550 248,000.00 258,006.80 248,000.00 7/5/2029 Carter FCU LA 0.75 4/27/2026 14622LAA0 Certificate of
Deposits | 30 % 0.09 4/27/2021 0.750 0.750 248,000.00 236,978.88 248,000.00 4/27/2026 Celtic Bank UT 3.65 9/26/2029 15118RR33 Certificate of
Deposits | 30 % 0.10 9/26/2024 3.650 3.650 248,000.00 248,009.92 248,000.00 9/26/2029 Central Bank AK 4 5/12/2028 152577BN1 Certificate of
Deposits | 30 % 0.10 5/12/2023 4.000 4.000 248,000.00 250,971.04 248,000.00 5/12/2028 cfsbank PA 4.7 11/30/2027 12526AAM9 Certificate of
Deposits | 30 % 0.10 5/30/2024 4.700 4.700 244,000.00 250,666.08 244,000.00 11/30/2027 Chartway FCU VA 4.9 6/9/2026 16141BAC5 Certificate of
Deposits | 30 % 0.10 6/9/2023 4.900 4.900 248,000.00 252,273.04 248,000.00 6/9/2026 Chippewa Valley Bank WI 0.6
6/24/2025 169894AS1 Certificate ofDeposits | 30 % 0.09 6/24/2020 0.600 0.600 248,000.00 241,725.60 248,000.00 6/24/2025 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 Certificate of Deposits | 30 % 0.10 5/16/2023 4.350 4.350 244,000.00 249,687.64 244,000.00 5/16/2028 Citadel FCU PA 1.65 2/27/2025 17286TAG0 Certificate of
Deposits | 30 % 0.10 2/27/2020 1.650 1.650 248,000.00 245,078.56 248,000.00 2/27/2025 155 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Comenity Capital Bank UT 2.65
4/14/2027 20033A3A2 Certificate ofDeposits | 30 % 0.09 4/14/2022 2.650 2.650 248,000.00 241,108.08 248,000.00 4/14/2027 Commonwealth Business Bank CA

1.25 3/31/2025 2027506M2 Certificate ofDeposits | 30 % 0.10 3/31/2020 1.250 1.250 248,000.00 244,059.28 248,000.00 3/31/2025 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 Certificate of Deposits | 30 % 0.09 9/24/2021 0.800 0.800 248,000.00 233,797.04 248,000.00 9/24/2026 Connexus Credit Union WI 1.25
12/23/2026 20825WAR1 Certificate ofDeposits | 30 % 0.09 12/23/2021 1.250 1.250 249,000.00 235,459.38 249,000.00 12/23/2026 Cornerstone Comm. FCU NY 3.7
10/1/2029 21923MAB7 Certificate ofDeposits | 30 % 0.10 9/30/2024 3.700 3.700 248,000.00 248,587.76 248,000.00 10/1/2029 County Schools FCU CA 4.4
9/30/2027 22258JAB7 Certificate ofDeposits | 30 % 0.10 9/30/2022 4.400 4.400 248,000.00 252,213.52 248,000.00 9/30/2027 Covantage Credit Union WI 4.2
8/7/2028 22282XAD2 Certificate ofDeposits | 30 % 0.10 8/6/2024 4.200 4.200 247,000.00 252,426.59 247,000.00 8/7/2028 Cross River Bank NJ 4.5 4/26/2027 227563GC1 Certificate of Deposits | 30 % 0.10 4/26/2024 4.500 4.500 244,000.00 248,050.40 244,000.00 4/26/2027 Customers Bank PA 4.5 6/14/2028 23204HPB8 Certificate of Deposits | 30 % 0.10 6/14/2023 4.500 4.500 244,000.00 251,256.56 244,000.00 6/14/2028 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 Certificate of
Deposits | 30 % 0.10 5/12/2023 4.500 4.500 248,000.00 255,167.20 248,000.00 5/12/2028 Direct FCU MA 4.8 11/8/2027 25460FDW3 Certificate of
Deposits | 30 % 0.10 11/7/2022 4.800 4.800 248,000.00 255,479.68 248,000.00 11/8/2027 Discover Bank 3.1 5/27/2025 254673E69 Certificate of
Deposits | 30 % 0.09 5/24/2022 3.100 3.100 245,000.00 242,986.10 245,000.00 5/27/2025 Dort Financial Credit Union MI 4.5
12/16/2027 25844MAK4 Certificate ofDeposits | 30 % 0.10 12/16/2022 4.500 4.500 247,000.00 252,582.20 247,000.00 12/16/2027 Eaglemark Savings Bank NV 2
3/2/2027 27004PCM3 Certificate ofDeposits | 30 % 0.09 3/2/2022 2.000 2.000 245,000.00 234,859.45 245,000.00 3/2/2027 Empower FCU NY 5.25 11/15/2028 291916AJ3 Certificate of Deposits | 30 % 0.10 11/15/2023 5.250 5.250 247,000.00 262,995.72 247,000.00 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 29367RND4 Certificate of Deposits | 30 % 0.10 6/7/2024 4.600 4.600 248,000.00 258,475.52 248,000.00 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5
2/12/2026 87270LDL4 Certificate ofDeposits | 30 % 0.09 2/12/2021 0.500 0.500 245,000.00 233,955.40 245,000.00 2/12/2026 Evergreen Bank Group IL 3.85
7/27/2026 300185LM5 Certificate ofDeposits | 30 % 0.10 1/27/2023 3.850 3.850 248,000.00 248,101.68 248,000.00 7/27/2026 Farmers & Merchants Bank of Colby

4.4 7/5/2029 30781JBU3 Certificate ofDeposits | 30 % 0.10 7/5/2024 4.400 4.400 248,000.00 256,382.40 248,000.00 7/5/2029 Farmers & Merchants Bank WI0.9
7/14/2025 307811DF3 Certificate ofDeposits | 30 % 0.09 1/14/2022 0.900 0.900 249,000.00 242,643.03 249,000.00 7/14/2025 Farmers Insurance Group FCU 5.4
7/28/2025 30960QAR8 Certificate ofDeposits | 30 % 0.10 7/26/2023 5.400 5.400 248,000.00 250,514.72 248,000.00 7/28/2025 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 Certificate of Deposits | 30 % 0.09 4/30/2021 0.700 0.700 248,000.00 235,972.00 248,000.00 4/30/2026 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 Certificate of Deposits | 30 % 0.10 9/4/2024 4.000 4.000 248,000.00 248,870.48 248,000.00 9/4/2026 First Bank Elk River MN 4.4
6/30/2028 31911KAK4 Certificate ofDeposits | 30 % 0.10 6/30/2023 4.400 4.400 248,000.00 260,342.96 248,000.00 6/30/2028 156 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
First Bank NJ 4.45 12/26/2025 319137CB9 Certificate of
Deposits | 30 % 0.10 12/28/2023 4.450 4.450 244,000.00 245,551.84 244,000.00 12/26/2025 First Federal Savings IN 4.25
7/9/2026 32021YEV1 Certificate ofDeposits | 30 % 0.10 2/9/2024 4.250 4.250 248,000.00 249,765.76 248,000.00 7/9/2026 First Freedom Bank TN 1.2
4/29/2025 32027BAL1 Certificate ofDeposits | 30 % 0.10 4/29/2020 1.200 1.200 249,000.00 244,440.81 249,000.00 4/29/2025 First Internet Bank of Indiana 1
5/12/2025 32056GDJ6 Certificate ofDeposits | 30 % 0.09 5/11/2020 1.000 1.000 248,000.00 242,928.40 248,000.00 5/12/2025 First Nat'l Bank of McGregor 1.35
4/28/2025 32112UDR9 Certificate ofDeposits | 30 % 0.10 4/28/2020 1.350 1.350 248,000.00 243,687.28 248,000.00 4/28/2025 First Nat'l Bank of Michigan 1.65
2/14/2025 32114VBT3 Certificate ofDeposits | 30 % 0.10 2/14/2020 1.650 1.650 248,000.00 245,301.76 248,000.00 2/14/2025 First Service CU f/k/a SPCO TX 4.35
1/20/2028 78472EAB0 Certificate ofDeposits | 30 % 0.10 1/20/2023 4.350 4.350 249,000.00 253,845.54 249,000.00 1/20/2028 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 Certificate of Deposits | 30 % 0.10 4/30/2020 1.250 1.250 248,000.00 243,523.60 248,000.00 4/30/2025 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Certificate of Deposits | 30 % 0.10 11/2/2022 4.600 4.600 248,000.00 253,939.60 248,000.00 11/2/2027 Four Points FCU 4.55 5/11/2026 35089LAF0 Certificate of Deposits | 30 % 0.10 5/10/2023 4.550 4.550 248,000.00 250,680.88 248,000.00 5/11/2026 Freedom Financial Bank IA 1.55
2/14/2025 35637RDC8 Certificate ofDeposits | 30 % 0.10 2/14/2020 1.550 1.550 248,000.00 245,210.00 248,000.00 2/14/2025 Genesee Regional Bank NY 4.2
12/28/2026 37173RAL7 Certificate ofDeposits | 30 % 0.10 12/27/2023 4.200 4.200 244,000.00 246,064.24 244,000.00 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6
3/8/2028 011852AE0 Certificate ofDeposits | 30 % 0.10 3/8/2023 4.600 4.600 248,000.00 255,273.84 248,000.00 3/8/2028 Golden State Bank CA 4.45
6/22/2027 38120MCA2 Certificate ofDeposits | 30 % 0.10 6/22/2023 4.450 4.450 249,000.00 253,188.18 249,000.00 6/22/2027 Goldman Sachs Bank USA 1
7/28/2026 38149MXK4 Certificate ofDeposits | 30 % 0.09 7/28/2021 1.000 1.000 248,000.00 235,366.88 248,000.00 7/28/2026 Greenstate Credit Union IA 0.95
4/16/2026 39573LBC1 Certificate ofDeposits | 30 % 0.09 4/16/2021 0.950 0.950 249,000.00 238,121.19 249,000.00 4/16/2026 Healthcare Systems FCU VA 5.1
10/27/2028 42228LAN1 Certificate ofDeposits | 30 % 0.10 10/27/2023 5.100 5.100 248,000.00 262,490.64 248,000.00 10/27/2028 Ideal Credit Union MN 4.5
12/29/2027 45157PAZ3 Certificate ofDeposits | 30 % 0.10 12/29/2022 4.500 4.500 248,000.00 253,788.32 248,000.00 12/29/2027 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 Certificate of Deposits | 30 % 0.10 6/29/2023 4.700 4.700 248,000.00 253,813.12 248,000.00 6/29/2027 KeyBank NA OH 5 3/17/2025 49306SJ56 Certificate of
Deposits | 30 % 0.10 3/15/2023 5.000 5.000 244,000.00 244,534.36 244,000.00 3/17/2025 Knoxville TVA Employees Credit
Union 4.85 8/25/202 499724AP7 Certificate ofDeposits | 30 % 0.10 8/25/2023 4.850 4.850 248,000.00 259,529.52 248,000.00 8/25/2028 Latino Community Credit Union NC

4.5 12/21/2027 51828MAC8 Certificate ofDeposits | 30 % 0.10 12/21/2022 4.500 4.500 248,000.00 253,689.12 248,000.00 12/21/2027 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 Certificate of Deposits | 30 % 0.09 4/22/2022 2.550 2.550 245,000.00 242,434.85 245,000.00 4/22/2025 Leaders Credit Union TN 5.1
10/30/2028 52171MAM7 Certificate ofDeposits | 30 % 0.10 10/30/2023 5.100 5.100 248,000.00 262,530.32 248,000.00 10/30/2028 157 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Legacy Bank & Trust Co. MO 4.5
9/27/2028 52470QEC4 Certificate ofDeposits | 30 % 0.10 9/27/2023 4.500 4.500 248,000.00 256,744.48 248,000.00 9/27/2028 Legends Bank TN 3.75 9/11/2028 52465JKL0 Certificate of Deposits | 30 % 0.10 9/11/2024 3.750 3.750 248,000.00 249,711.20 248,000.00 9/11/2028 Liberty First Credit Union NE 4.5
2/22/2028 530520AH8 Certificate ofDeposits | 30 % 0.10 2/21/2023 4.500 4.500 248,000.00 254,299.20 248,000.00 2/22/2028 Maine Community Bank 3.75
8/30/2027 560390DC7 Certificate ofDeposits | 30 % 0.10 8/30/2024 3.750 3.750 248,000.00 247,657.76 248,000.00 8/30/2027 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Certificate of Deposits | 30 % 0.10 7/21/2023 4.800 4.800 248,000.00 258,594.56 248,000.00 7/21/2028 Marathon Bank WI 1.8 3/16/2027 565819AG4 Certificate of Deposits | 30 % 0.09 3/16/2022 1.800 1.800 248,000.00 236,363.84 248,000.00 3/16/2027 Marine FCU NC 4 8/31/2026 56824JBC7 Certificate of
Deposits | 30 % 0.10 8/30/2024 4.000 4.000 248,000.00 248,858.08 248,000.00 8/31/2026 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Certificate of Deposits | 30 % 0.10 10/20/2023 4.850 4.850 248,000.00 265,040.08 248,000.00 10/20/2028 Merrick Bank UT 1.1 11/9/2026 59013KPN0 Certificate of
Deposits | 30 % 0.09 11/9/2021 1.100 1.100 249,000.00 235,399.62 249,000.00 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 Certificate of Deposits | 30 % 0.09 2/18/2022 1.700 1.700 249,000.00 237,075.39 249,000.00 2/18/2027 Mid Carolina Credit Union SC 4.85
3/13/2026 59524LAA4 Certificate ofDeposits | 30 % 0.10 3/13/2023 4.850 4.850 248,000.00 251,876.24 248,000.00 3/13/2026 Milestone Bk f/k/a LCA UT 1
6/26/2026 501798RP9 Certificate ofDeposits | 30 % 0.09 12/27/2021 1.000 1.000 248,000.00 236,234.88 248,000.00 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 Certificate of Deposits | 30 % 0.10 5/1/2023 4.250 4.250 248,000.00 250,752.80 248,000.00 5/3/2027 Money One FCU MD 5 9/14/2028 60936TAL3 Certificate of
Deposits | 30 % 0.10 9/14/2023 5.000 5.000 248,000.00 261,156.40 248,000.00 9/14/2028 Morgan Stanley Bank, NA 1.95
11/20/2024 61690UNX4 Certificate ofDeposits | 30 % 0.10 11/20/2019 1.950 1.950 245,000.00 244,000.40 245,000.00 11/20/2024 Morgan Stanley Private Bank 1.9
11/20/2024 61760A3B3 Certificate ofDeposits | 30 % 0.10 11/20/2019 1.900 1.900 245,000.00 243,983.25 245,000.00 11/20/2024 Mountain American FCU 4.7
4/28/2026 62384RAT3 Certificate ofDeposits | 30 % 0.10 4/28/2023 4.700 4.700 248,000.00 251,169.44 248,000.00 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 Certificate of Deposits | 30 % 0.10 8/1/2024 4.050 4.050 248,000.00 250,601.52 248,000.00 2/1/2028 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 Certificate of
Deposits | 30 % 0.09 3/2/2022 1.800 1.800 245,000.00 237,963.60 245,000.00 3/2/2026 Nicolet National Bank WI 1.4
3/31/2025 654062JZ2 Certificate ofDeposits | 30 % 0.10 3/31/2020 1.400 1.400 248,000.00 244,235.36 248,000.00 3/31/2025 Northpointe Bank MI 4.85 10/20/2028 666613MK7 Certificate of Deposits | 30 % 0.10 10/20/2023 4.850 4.850 248,000.00 260,104.88 248,000.00 10/20/2028 Oregon Community Credit Union

4.85 6/7/2027 68584JAT6 Certificate ofDeposits | 30 % 0.10 6/7/2024 4.850 4.850 248,000.00 254,638.96 248,000.00 6/7/2027 Pacific Crest Savings Bank WA 3.9
8/16/2029 69417ADA4 Certificate ofDeposits | 30 % 0.10 8/16/2024 3.900 3.900 248,000.00 250,901.60 248,000.00 8/16/2029 Parkside Financial B&T MO 3.75
9/13/2028 70147AGA6 Certificate ofDeposits | 30 % 0.10 9/13/2024 3.750 3.750 248,000.00 249,726.08 248,000.00 9/13/2028 158 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Pentagon FCU 0.7 9/2/2025 70962LAF9 Certificate of
Deposits | 30 % 0.09 9/1/2021 0.700 0.700 249,000.00 241,492.65 249,000.00 9/2/2025 Peoples Exchange Bank KY 4.15
8/9/2027 71104AAS2 Certificate ofDeposits | 30 % 0.10 8/9/2024 4.150 4.150 248,000.00 250,348.56 248,000.00 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 Certificate of
Deposits | 30 % 0.10 9/15/2022 3.500 3.500 248,000.00 245,921.76 248,000.00 9/15/2027 Prevail Bank WI 4.25 1/24/2028 887171AB2 Certificate of Deposits | 30 % 0.10 7/24/2024 4.250 4.250 249,000.00 253,108.50 249,000.00 1/24/2028 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 Certificate of Deposits | 30 % 0.10 9/11/2024 3.850 3.850 248,000.00 248,290.16 248,000.00 3/11/2027 Rize FCU f/k/a SCE CA 4.7
6/20/2029 78413RAV9 Certificate ofDeposits | 30 % 0.10 6/20/2024 4.700 4.700 248,000.00 259,584.08 248,000.00 6/20/2029 Rockland FCU MA 4.6 12/22/2026 77357DAD0 Certificate of Deposits | 30 % 0.10 12/22/2023 4.600 4.600 248,000.00 252,230.88 248,000.00 12/22/2026 Safra Nat'l Bank NY f/k/a/ Delta Nat'l
2 2 24773RCR4 Certificate ofDeposits | 30 % 0.09 3/9/2022 2.000 2.000 245,000.00 234,928.05 245,000.00 2/25/2027 Sallie Mae Bank UT 1 7/28/2026 795451AF0 Certificate of Deposits | 30 % 0.09 7/28/2021 1.000 1.000 248,000.00 235,674.40 248,000.00 7/28/2026 San Francisco FCU CA 4.35
2/3/2028 79772FAG1 Certificate ofDeposits | 30 % 0.10 2/3/2023 4.350 4.350 248,000.00 252,952.56 248,000.00 2/3/2028 Sauk Valley Bank & Trust Co. IL 1.7
11/7/2024 804375DL4 Certificate ofDeposits | 30 % 0.10 11/7/2019 1.700 1.700 248,000.00 247,238.64 248,000.00 11/7/2024 Scient FCU CT 4.65 1/13/2025 80865MAB3 Certificate of
Deposits | 30 % 0.10 1/13/2023 4.650 4.650 248,000.00 247,980.16 248,000.00 1/13/2025 Signature FCU VA 4.4 1/31/2028 82671DAB3 Certificate of Deposits | 30 % 0.10 1/31/2023 4.400 4.400 248,000.00 253,312.16 248,000.00 1/31/2028 Simmons Bank f/k/a Landmark
Comm. 0.5 1/22/2026 51507LCC6 Certificate ofDeposits | 30 % 0.09 1/22/2021 0.500 0.500 248,000.00 237,229.36 248,000.00 1/22/2026 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 Certificate of
Deposits | 30 % 0.10 8/14/2024 4.100 4.100 248,000.00 252,642.56 248,000.00 8/14/2028 Southern Bancorp Bank AR 0.5
10/25/2024 84223QAN7 Certificate ofDeposits | 30 % 0.10 6/26/2020 0.500 0.500 248,000.00 247,280.80 248,000.00 10/25/2024 Southern Bank GA 4.25 1/28/2026 84229LBA9 Certificate of Deposits | 30 % 0.10 10/28/2022 4.250 4.250 244,000.00 245,041.88 244,000.00 1/28/2026 Southern Bank MO 4.2 5/17/2028 843383CS7 Certificate of Deposits | 30 % 0.10 5/17/2023 4.200 4.200 248,000.00 252,694.64 248,000.00 5/17/2028 Southern Bank of TN 4.35 7/12/2029 84229QAC5 Certificate of Deposits | 30 % 0.10 7/12/2024 4.350 4.350 248,000.00 255,846.72 248,000.00 7/12/2029 Southern First Bank SC 4.7
5/14/2025 84287PJH6 Certificate ofDeposits | 30 % 0.10 2/14/2024 4.700 4.700 248,000.00 248,513.36 248,000.00 5/14/2025 Spring Bank NY 1.5 3/20/2025 849430BF9 Certificate of
Deposits | 30 % 0.10 3/20/2020 1.500 1.500 248,000.00 244,523.04 248,000.00 3/20/2025 St. Vincent's Medical Center FCU 4.6
6/16/2027 85279AAC6 Certificate ofDeposits | 30 % 0.10 6/16/2023 4.600 4.600 248,000.00 253,103.84 248,000.00 6/16/2027 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 Certificate of Deposits | 30 % 0.10 8/8/2024 4.200 4.200 244,000.00 246,530.28 244,000.00 8/9/2027 Sunwest Bank 3.55 9/28/2029 86804DDG0 Certificate of
Deposits | 30 % 0.10 9/30/2024 3.550 3.550 248,000.00 246,891.44 248,000.00 9/28/2029 159 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Synchrony Bank 0.9 9/3/2026 87165ET98 Certificate of
Deposits | 30 % 0.09 9/3/2021 0.900 0.900 245,000.00 231,880.25 245,000.00 9/3/2026 Technology Credit Union CA 5
5/29/2026 87868YAQ6 Certificate ofDeposits | 30 % 0.10 5/30/2023 5.000 5.000 248,000.00 252,607.84 248,000.00 5/29/2026 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 Certificate of Deposits | 30 % 0.10 9/6/2024 3.700 3.700 248,000.00 248,629.92 248,000.00 9/6/2029 The Bank of Princeton0.5 12/30/2024 064520BG3 Certificate of Deposits | 30 % 0.10 6/30/2020 0.500 0.500 248,000.00 245,393.52 248,000.00 12/30/2024 The Genoa Banking Co. 4.6
11/28/2028 372348DJ8 Certificate ofDeposits | 30 % 0.10 11/28/2023 4.600 4.600 248,000.00 257,897.68 248,000.00 11/28/2028 The Greenwood's State Bank WI

3.05 5/17/2027 397417AQ9 Certificate ofDeposits | 30 % 0.10 5/17/2022 3.050 3.050 248,000.00 243,350.00 248,000.00 5/17/2027 The Pitney Bowes Bank, Inc UT 4.35
4/13/2028 724468AC7 Certificate ofDeposits | 30 % 0.10 4/14/2023 4.350 4.350 244,000.00 249,475.36 244,000.00 4/13/2028 Third Federal Savings & Loan 3.3
8/19/2027 88413QDN5 Certificate ofDeposits | 30 % 0.09 8/19/2022 3.300 3.300 245,000.00 241,574.90 245,000.00 8/19/2027 Toyota Financial Savings Bank NV

0.9 4/22/2026 89235MKY6 Certificate ofDeposits | 30 % 0.09 4/22/2021 0.900 0.900 245,000.00 234,073.00 245,000.00 4/22/2026 Transportation Alliance Bank 0.4
1/23/2025 89388CEY0 Certificate ofDeposits | 30 % 0.10 7/23/2021 0.400 0.400 248,000.00 244,709.04 248,000.00 1/23/2025 True Sky FCU 1.6 2/4/2027 89786MAF1 Certificate of
Deposits | 30 % 0.09 2/4/2022 1.600 1.600 245,000.00 232,931.30 245,000.00 2/4/2027 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Certificate of
Deposits | 30 % 0.10 3/10/2023 4.700 4.700 248,000.00 254,207.44 248,000.00 9/10/2027 Trustone Financial CU 5.15
12/27/2024 89841MAX5 Certificate ofDeposits | 30 % 0.10 12/28/2023 5.150 5.150 248,000.00 248,133.92 248,000.00 12/27/2024 Tuscon FCU AZ 5 9/8/2028 898812AC6 Certificate of
Deposits | 30 % 0.10 9/8/2023 5.000 5.000 248,000.00 261,064.64 248,000.00 9/8/2028 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 Certificate of Deposits | 30 % 0.10 10/25/2023 4.900 4.900 248,000.00 260,600.88 248,000.00 10/25/2028 United Bankers' Bank 5 3/17/2025 909557KQ2 Certificate of Deposits | 30 % 0.10 3/16/2023 5.000 5.000 248,000.00 248,483.60 248,000.00 3/17/2025 United Community Bank IL 1.65
2/7/2025 90983WBT7 Certificate ofDeposits | 30 % 0.10 2/7/2020 1.650 1.650 248,000.00 245,423.28 248,000.00 2/7/2025 United Fidelity Bank, fsb IN 4.5
6/29/2028 910286GN7 Certificate ofDeposits | 30 % 0.10 6/29/2023 4.500 4.500 248,000.00 261,121.68 248,000.00 6/29/2028 United Roosevelt Savings Bank NJ

1.9 3/11/2027 91139LAB2 Certificate ofDeposits | 30 % 0.09 3/11/2022 1.900 1.900 248,000.00 237,006.16 248,000.00 3/11/2027 United Teletech FCU NJ 5.1
11/8/2027 913065AD0 Certificate ofDeposits | 30 % 0.10 11/8/2023 5.100 5.100 248,000.00 257,627.36 248,000.00 11/8/2027 University Bank MI 4.2 11/30/2027 914098DJ4 Certificate of Deposits | 30 % 0.10 11/30/2022 4.200 4.200 249,000.00 252,279.33 249,000.00 11/30/2027 University Credit Union Los Angeles
4 9/26/2025 914242AA0 Certificate ofDeposits | 30 % 0.10 9/26/2022 4.000 4.000 248,000.00 248,089.28 248,000.00 9/26/2025 Univest Bank & Trust Co. PA 4.35
5/12/2028 91527PBY2 Certificate ofDeposits | 30 % 0.10 5/12/2023 4.350 4.350 248,000.00 253,907.36 248,000.00 5/12/2028 USAlliance Financial FCU NY 4.55
5/26/2028 90352RDB8 Certificate ofDeposits | 30 % 0.10 5/26/2023 4.550 4.550 248,000.00 255,745.04 248,000.00 5/26/2028 160 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
Utah First FCU 5 7/21/2028 91739JAB1 Certificate of
Deposits | 30 % 0.10 7/21/2023 5.000 5.000 245,000.00 257,208.35 245,000.00 7/21/2028 Valley National Bank NJ 4.95
5/29/2026 919853LV1 Certificate ofDeposits | 30 % 0.10 5/29/2024 4.950 4.950 244,000.00 248,143.12 244,000.00 5/29/2026 Valleystar Credit Union VA 5.2
11/8/2028 92023CAJ2 Certificate ofDeposits | 30 % 0.10 11/8/2023 5.200 5.200 247,000.00 262,442.44 247,000.00 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 Certificate of Deposits | 30 % 0.09 7/2/2021 0.800 0.851 249,000.00 236,216.34 248,782.48 6/30/2026 VisionBank MN 4.05 5/12/2028 92834ABT2 Certificate of
Deposits | 30 % 0.10 5/12/2023 4.050 4.050 248,000.00 251,390.16 248,000.00 5/12/2028 VyStar Credit Union FL 4.55
3/10/2028 92891CCZ3 Certificate ofDeposits | 30 % 0.10 3/10/2023 4.550 4.550 248,000.00 254,904.32 248,000.00 3/10/2028 Washington Financial Bank PA 4.5
5/31/2029 93883MBA5 Certificate ofDeposits | 30 % 0.10 5/31/2024 4.500 4.500 244,000.00 253,201.24 244,000.00 5/31/2029 Western State Bank ND 1 5/13/2025 95960NKD8 Certificate of Deposits | 30 % 0.09 5/13/2020 1.000 1.000 245,000.00 239,962.80 245,000.00 5/13/2025 Workers FCU MA 5.2 10/30/2028 98138MCA6 Certificate of
Deposits | 30 % 0.10 10/30/2023 5.200 5.200 248,000.00 263,470.24 248,000.00 10/30/2028 Sub Total / Average Negotiable
Certificate Of Deposit 16.52 3.482 3.482 42,040,000.00 42,268,022.14 42,039,782.48 Treasury Note
T-Note 0.25 10/31/2025 91282CAT8 US Treasury | 100 % 0.38 3/30/2021 0.250 0.750 1,000,000.00 961,290.00 994,694.03 10/31/2025 T-Note 0.375 1/31/2026 91282CBH3 US Treasury | 100 % 0.19 2/23/2021 0.375 0.577 500,000.00 477,830.00 498,675.75 1/31/2026 T-Note 0.375 11/30/2025 91282CAZ4 US Treasury | 100 % 0.19 4/22/2021 0.375 0.720 500,000.00 480,255.00 498,022.50 11/30/2025 T-Note 0.375 12/31/2025 91282CBC4 US Treasury | 100 % 0.19 1/7/2021 0.375 0.431 500,000.00 479,045.00 499,657.07 12/31/2025 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.19 5/28/2021 0.500 0.750 500,000.00 477,580.00 498,268.99 2/28/2026 T-Note 0.5 2/28/2026 91282CBQ3 US Treasury | 100 % 0.28 3/23/2022 0.500 2.353 750,000.00 716,370.00 731,372.91 2/28/2026 T-Note 0.625 10/15/2024 91282CDB4 US Treasury | 100 % 0.39 10/22/2021 0.625 0.750 1,000,000.00 998,370.00 999,952.65 10/15/2024 T-Note 0.625 7/31/2026 91282CCP4 US Treasury | 100 % 0.37 9/29/2021 0.625 0.970 1,000,000.00 946,290.00 993,849.86 7/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.19 5/28/2021 0.750 0.770 500,000.00 478,185.00 499,853.04 3/31/2026 T-Note 0.75 3/31/2026 91282CBT7 US Treasury | 100 % 0.19 6/17/2021 0.750 0.816 500,000.00 478,185.00 499,515.57 3/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.37 6/1/2021 0.750 0.810 1,000,000.00 952,460.00 999,021.61 5/31/2026 T-Note 0.75 5/31/2026 91282CCF6 US Treasury | 100 % 0.19 6/17/2021 0.750 0.870 500,000.00 476,230.00 499,024.70 5/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.37 9/29/2021 0.750 0.990 1,000,000.00 946,520.00 995,524.22 8/31/2026 T-Note 0.75 8/31/2026 91282CCW9 US Treasury | 100 % 0.18 3/22/2022 0.750 2.350 500,000.00 473,260.00 485,543.44 8/31/2026 T-Note 1.125 10/31/2026 91282CDG3 US Treasury | 100 % 0.19 3/22/2022 1.125 2.350 500,000.00 474,905.00 487,986.68 10/31/2026 T-Note 1.5 1/31/2027 912828Z78 US Treasury | 100 % 0.37 2/10/2022 1.500 1.781 1,000,000.00 953,090.00 993,756.69 1/31/2027 T-Note 1.5 11/30/2024 912828YV6 US Treasury | 100 % 0.39 12/16/2019 1.500 1.718 1,000,000.00 994,580.00 999,658.15 11/30/2024 T-Note 1.875 7/31/2026 912828Y95 US Treasury | 100 % 0.38 8/29/2024 1.875 3.876 1,000,000.00 968,200.00 964,957.43 7/31/2026 T-Note 2.25 10/31/2024 9128283D0 US Treasury | 100 % 0.39 5/3/2022 2.250 2.870 1,000,000.00 997,820.00 999,512.29 10/31/2024 T-Note 2.25 8/15/2027 9128282R0 US Treasury | 100 % 0.38 11/18/2022 2.250 3.950 1,000,000.00 963,950.00 955,828.07 8/15/2027 T-Note 2.375 4/30/2026 9128286S4 US Treasury | 100 % 0.38 3/23/2022 2.375 2.400 1,000,000.00 979,180.00 999,619.33 4/30/2026 T-Note 2.375 5/15/2027 912828X88 US Treasury | 100 % 0.38 6/7/2022 2.375 3.041 1,000,000.00 969,650.00 983,918.56 5/15/2027 161 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Asset Category
% of
Portfolio
Settlement
Date
Coupon
Rate
YTM @
Cost
Face
Amount/Shares Market Value Book Value
Maturity
Date
T-Note 2.5 3/31/2027 91282CEF4 US Treasury | 100 % 0.38 5/3/2022 2.500 3.010 1,000,000.00 974,300.00 988,236.31 3/31/2027 T-Note 2.625 2/15/2029 9128286B1 US Treasury | 100 % 0.38 2/15/2024 2.625 4.286 1,000,000.00 961,520.00 935,219.36 2/15/2029 T-Note 2.625 5/31/2027 91282CET4 US Treasury | 100 % 0.19 6/8/2022 2.625 2.980 500,000.00 487,815.00 495,633.91 5/31/2027 T-Note 2.625 5/31/2027 91282CET4 US Treasury | 100 % 0.38 8/29/2024 2.625 3.720 1,000,000.00 975,630.00 972,461.67 5/31/2027 T-Note 2.75 4/30/2027 91282CEN7 US Treasury | 100 % 0.19 6/8/2022 2.750 2.971 500,000.00 489,705.00 497,365.62 4/30/2027 T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.38 8/15/2022 2.750 2.980 1,000,000.00 977,700.00 993,984.63 7/31/2027 T-Note 2.75 7/31/2027 91282CFB2 US Treasury | 100 % 0.38 8/29/2022 2.750 3.200 1,000,000.00 977,700.00 988,292.86 7/31/2027 T-Note 2.875 4/30/2029 91282CEM9 US Treasury | 100 % 0.38 4/30/2024 2.875 4.658 1,000,000.00 970,350.00 927,894.25 4/30/2029 T-Note 3.125 11/15/2028 9128285M8 US Treasury | 100 % 0.38 12/29/2023 3.125 3.880 1,000,000.00 982,580.00 971,873.42 11/15/2028 T-Note 3.125 8/31/2027 91282CFH9 US Treasury | 100 % 0.19 1/24/2023 3.125 3.640 500,000.00 493,810.00 493,140.08 8/31/2027 T-Note 3.25 6/30/2027 91282CEW7 US Treasury | 100 % 0.39 2/15/2023 3.250 4.075 1,000,000.00 991,560.00 979,407.17 6/30/2027 T-Note 3.5 1/31/2028 91282CGH8 US Treasury | 100 % 0.39 2/2/2023 3.500 3.580 1,000,000.00 997,730.00 997,576.11 1/31/2028 T-Note 3.5 1/31/2028 91282CGH8 US Treasury | 100 % 0.39 8/29/2024 3.500 3.680 1,000,000.00 997,730.00 994,404.81 1/31/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.39 5/31/2023 3.500 3.837 1,000,000.00 997,540.00 989,077.99 4/30/2028 T-Note 3.5 4/30/2028 91282CHA2 US Treasury | 100 % 0.39 7/19/2024 3.500 4.145 1,000,000.00 997,540.00 978,784.07 4/30/2028 T-Note 3.5 9/30/2029 91282CLN9 US Treasury | 100 % 0.39 9/30/2024 3.500 3.510 1,000,000.00 997,030.00 999,530.00 9/30/2029 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.39 5/31/2023 3.625 3.853 1,000,000.00 1,002,030.00 992,764.87 3/31/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.39 6/15/2023 3.625 3.980 1,000,000.00 1,002,030.00 988,762.40 3/31/2028 T-Note 3.625 3/31/2028 91282CGT2 US Treasury | 100 % 0.39 10/19/2023 3.625 4.910 1,000,000.00 1,002,030.00 960,038.71 3/31/2028 T-Note 3.625 8/31/2029 91282CLK5 US Treasury | 100 % 0.78 9/3/2024 3.625 3.627 2,000,000.00 2,005,940.00 1,999,846.06 8/31/2029 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.39 1/2/2024 3.750 3.815 1,000,000.00 1,006,720.00 997,504.55 12/31/2028 T-Note 3.75 12/31/2028 91282CJR3 US Treasury | 100 % 0.39 6/12/2024 3.750 4.480 1,000,000.00 1,006,720.00 972,199.15 12/31/2028 T-Note 4 1/15/2027 91282CJT9 US Treasury | 100 % 0.39 1/31/2024 4.000 4.115 1,000,000.00 1,008,280.00 997,531.09 1/15/2027 T-Note 4 7/31/2029 91282CLC3 US Treasury | 100 % 0.40 7/31/2024 4.000 4.134 1,000,000.00 1,018,980.00 994,200.44 7/31/2029 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.30 11/6/2023 4.125 4.524 750,000.00 761,865.00 741,643.74 10/31/2027 T-Note 4.125 10/31/2027 91282CFU0 US Treasury | 100 % 0.40 5/31/2024 4.125 4.675 1,000,000.00 1,015,820.00 984,472.39 10/31/2027 T-Note 4.125 3/31/2029 91282CKG5 US Treasury | 100 % 0.40 4/1/2024 4.125 4.210 1,000,000.00 1,022,700.00 996,578.96 3/31/2029 T-Note 4.125 9/30/2027 91282CFM8 US Treasury | 100 % 0.40 7/30/2024 4.125 4.150 1,000,000.00 1,016,060.00 999,252.33 9/30/2027 T-Note 4.25 1/31/2026 91282CJV4 US Treasury | 100 % 0.39 1/31/2024 4.250 4.330 1,000,000.00 1,005,390.00 998,987.96 1/31/2026 T-Note 4.25 6/30/2029 91282CKX8 US Treasury | 100 % 0.80 7/1/2024 4.250 4.290 2,000,000.00 2,058,440.00 1,996,611.22 6/30/2029 T-Note 4.375 10/31/2024 91282CFQ9 US Treasury | 100 % 0.39 1/31/2024 4.375 4.930 1,000,000.00 999,510.00 999,550.56 10/31/2024 T-Note 4.5 5/31/2029 91282CKT7 US Treasury | 100 % 0.81 5/31/2024 4.500 4.540 2,000,000.00 2,080,000.00 1,996,719.27 5/31/2029 Sub Total / Average Treasury Note 19.51 2.798 3.266 50,500,000.00 49,926,000.00 49,897,759.50 Total / Average 100 3.650 3.780 256,939,082.67 255,868,998.59 256,158,037.36 162 CLICK HERE to Return to Agenda
City of La Quinta | CA
Date To Date
Monthly Interest
Report Format: By CUSIP / Ticker
Portfolio / Report Group: All Portfolios
Begin Date: 8/31/2024, End Date: 9/30/2024
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Access Bank NE 1.6 3/13/2025 00435JBH5 248,000.00 Monthly 0.00 0.00 337.01 Advantage Credit Union IA 4.45 7/31/2028 00790UAE7 249,000.00 Monthly 0.00 0.00 910.73 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 248,000.00 Monthly 0.00 0.00 1,032.09 Alabama Credit Union 5 6/22/2026 01025RAG4 248,000.00 Monthly 0.00 0.00 1,053.15 All In FCU AL 4.4 12/20/2027 01664MAB2 248,000.00 Monthly 0.00 0.00 926.77 Alliant Credit Union IL 5 12/30/2027 01882MAC6 247,000.00 Monthly 0.00 0.00 1,048.90 Ally Bank UT 2.55 4/21/2025 02007GPX5 245,000.00 Semi-Annual 0.00 0.00 0.00 Alma Bank NY 1.4 3/28/2025 020080BX4 248,000.00 Monthly 0.00 0.00 294.88 Altaone FCU CA 4.45 7/19/2029 02157RAA5 249,000.00 Monthly 0.00 0.00 1,335.73 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 245,000.00 Semi-Annual 0.00 0.00 0.00 American Express Nat'l Bank 3.45 7/27/2027 02589ADH2 245,000.00 Semi-Annual 0.00 0.00 0.00 American State Bank IA 1.6 2/21/2025 029728BC5 248,000.00 Monthly 0.00 0.00 337.01 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 248,000.00 Monthly 0.00 0.00 800.39 Axos Bank CA 1.65 3/26/2025 05465DAE8 248,000.00 Monthly 0.00 0.00 347.54 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 248,000.00 Monthly 0.00 0.00 926.77 Ballston Spa Nat'l Bank NY 4.8 11/24/2026 058723AQ0 248,000.00 Monthly 0.00 0.00 1,011.02 Bank Five Nine WI 4.25 5/12/2028 062119BT8 248,000.00 Monthly 0.00 0.00 895.18 Bank of America 5.2 12/8/2025 06051XEF5 243,000.00 Semi-Annual 0.00 0.00 0.00 Bank of New England NH 4.85 1/14/2025 06426KDE5 248,000.00 Monthly 0.00 0.00 1,021.56 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 244,000.00 Semi-Annual 0.00 0.00 5,658.13 Bank OZK AR 0.4 1/29/2025 06417NZQ9 248,000.00 Monthly 0.00 0.00 84.25 Bankers Bank WI 4.15 5/24/2028 06610RCA5 248,000.00 Monthly 0.00 0.00 874.12 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 248,000.00 Monthly 0.00 0.00 947.84 Bankwest Inc SD 1.7 9/27/2024 06652CHB0 0.00 Monthly 0.00 0.00 496.68 Baxter Credit Union IL 4.35 8/22/2028 07181JBH6 248,000.00 Monthly 0.00 0.00 916.24 Beal Bank TX 1.9 2/17/2027 07371AYE7 245,000.00 Semi-Annual 0.00 0.00 0.00 Beal Bank USA NV 1.9 2/17/2027 07371CE88 245,000.00 Semi-Annual 0.00 0.00 0.00 Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 1,000,000.00 Semi-Annual 0.00 0.00 23,500.00 Blue Ridge Bank, NA VA 4.2 2/28/2028 09582YAF9 244,000.00 Semi-Annual 0.00 0.00 0.00 BMO Bank | LQ Palms Realty Cash LQPR1935 214,462.13 N/A 0.00 0.00 0.00 BMO Bank | Operating MM BMO1851OP 17,400,446.10 N/A 0.00 0.00 79,302.27 BMO Suntrust | Dune Palms Cash DPME4741-3599 1,065,238.20 N/A 0.00 0.00 0.00 BMW Bank UT 0.65 9/10/2024 05580AD50 0.00 Semi-Annual 0.00 0.00 802.79 163 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 244,000.00 Semi-Annual 0.00 0.00 5,535.12 Bridgewater Bank MN 4.85 3/29/2027 108622NJ6 248,000.00 Monthly 0.00 0.00 1,021.56 California Credit Union CA 5.1 6/30/2025 130162BL3 244,000.00 Semi-Annual 0.00 0.00 0.00 CAMP LGIP CAMP7001 12,192,108.58 N/A 0.00 0.00 52,620.49 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 30,000,000.00 At Maturity 0.00 0.00 0.00 CAMP TERM 5.31 3/28/2025 CAMPTERM32825 10,000,000.00 At Maturity 0.00 0.00 0.00 Capital One NA f/k/a Capital One USA 1.6 4/8/2025 14042TDD6 245,000.00 Semi-Annual 0.00 0.00 0.00 Capital One, NA 1.1 11/17/2026 14042RQB0 248,000.00 Semi-Annual 0.00 0.00 0.00 Carter Bank & Trust 4.55 7/5/2029 146102AS7 248,000.00 Monthly 0.00 0.00 958.37 Carter FCU LA 0.75 4/27/2026 14622LAA0 248,000.00 Monthly 0.00 0.00 157.97 Celtic Bank UT 3.65 9/26/2029 15118RR33 248,000.00 Monthly 0.00 0.00 0.00 Central Bank AK 4 5/12/2028 152577BN1 248,000.00 Monthly 0.00 0.00 842.52 cfsbank PA 4.7 11/30/2027 12526AAM9 244,000.00 Semi-Annual 0.00 0.00 0.00 Chartway FCU VA 4.9 6/9/2026 16141BAC5 248,000.00 Monthly 0.00 0.00 1,032.09 Chippewa Valley Bank WI 0.6 6/24/2025 169894AS1 248,000.00 Monthly 0.00 0.00 126.38 CIBC Bank USA IL 4.35 5/16/2028 12547CBJ6 244,000.00 Semi-Annual 0.00 0.00 0.00 Citadel FCU PA 1.65 2/27/2025 17286TAG0 248,000.00 Monthly 0.00 0.00 347.54 City of La Quinta Cash PETTYCASH 3,300.00 N/A 0.00 0.00 0.00 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 248,000.00 Monthly 0.00 0.00 558.17 Commonwealth Business Bank CA 1.25 3/31/2025 2027506M2 248,000.00 Monthly 0.00 0.00 263.29 ConnectOne Bank NJ 0.8 9/24/2026 20786ADL6 248,000.00 Monthly 0.00 0.00 168.50 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 249,000.00 Monthly 0.00 0.00 255.82 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 248,000.00 Monthly 0.00 0.00 0.00 County Schools FCU CA 4.4 9/30/2027 22258JAB7 248,000.00 Monthly 0.00 0.00 926.77 Covantage Credit Union WI 4.2 8/7/2028 22282XAD2 247,000.00 Quarterly 0.00 0.00 0.00 Cross River Bank NJ 4.5 4/26/2027 227563GC1 244,000.00 Semi-Annual 0.00 0.00 0.00 Customers Bank PA 4.5 6/14/2028 23204HPB8 244,000.00 Semi-Annual 0.00 0.00 0.00 Cy-Fair FCU TX 4.5 5/12/2028 23248UAB3 248,000.00 Monthly 0.00 0.00 947.84 Direct FCU MA 4.8 11/8/2027 25460FDW3 248,000.00 Monthly 0.00 0.00 1,011.02 Discover Bank 3.1 5/27/2025 254673E69 245,000.00 Semi-Annual 0.00 0.00 0.00 Dort Financial Credit Union MI 4.5 12/16/2027 25844MAK4 247,000.00 Quarterly 0.00 0.00 0.00 Eaglemark Savings Bank NV 2 3/2/2027 27004PCM3 245,000.00 Semi-Annual 0.00 0.00 2,470.14 Empower FCU NY 5.25 11/15/2028 291916AJ3 247,000.00 Monthly 0.00 0.00 1,101.35 Enterprise Bank PA 4.6 6/7/2029 29367RND4 248,000.00 Monthly 0.00 0.00 968.90 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 87270LDL4 245,000.00 Semi-Annual 0.00 0.00 0.00 Evergreen Bank Group IL 3.85 7/27/2026 300185LM5 248,000.00 Monthly 0.00 0.00 810.93 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 248,000.00 Monthly 0.00 0.00 926.77 Farmers & Merchants Bank WI0.9 7/14/2025 307811DF3 249,000.00 Monthly 0.00 0.00 190.33 Farmers Insurance Group FCU 5.4 7/28/2025 30960QAR8 248,000.00 Monthly 0.00 0.00 1,137.40 FFCB 0.5 6/9/2025 3133ELH23 500,000.00 Semi-Annual 0.00 0.00 0.00 164 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FFCB 0.68 6/10/2025-22 3133ELH80 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.71 8/10/2026-23 3133EM2C5 500,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 0.8 9/10/2026 3133EM4X7 1,000,000.00 Semi-Annual 0.00 0.00 4,000.00 FFCB 0.97 12/9/2024-22 3133ENGN4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.27 11/2/2026 3133ENCQ1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 1.6 9/17/2024 3133EKP75 0.00 Semi-Annual 0.00 0.00 4,000.00 FFCB 1.7 9/17/2024 3133ELEA8 0.00 Semi-Annual 0.00 0.00 8,500.00 FFCB 3.375 9/15/2027 3133ENL99 1,000,000.00 Semi-Annual 0.00 0.00 16,875.00 FFCB 3.5 9/10/2029 3133ERSP7 1,000,000.00 Semi-Annual 0.00 777.78 0.00 FFCB 3.75 12/7/2027 3133EN3S7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.75 8/15/2029 3133ERPS4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 1/18/2029 3133EPW84 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 2/14/2028 3133EPAV7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 3.875 6/8/2028 3133EPME2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 11/29/2027 3133EN3H1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4 9/29/2027 3133ENQ29 1,000,000.00 Semi-Annual 0.00 0.00 20,000.00 FFCB 4.125 2/13/2029 3133EP3B9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.25 7/17/2028 3133EPQD0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.25 8/7/2028 3133EPSK2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.375 4/10/2029 3133ERAK7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FFCB 4.625 11/13/2028 3133EPC45 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.375 12/12/2025 3130AKFA9 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.5 6/13/2025 3130AJKW8 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.51 1/14/2026-22 3130AKMZ6 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.55 1/29/2026-21 3130AKN28 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.55 1/7/2025-22 3130AP2U8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.68 6/30/2025-21 3130AJRP6 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.75 6/12/2026 3130AMFS6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 0.95 10/13/2026-23 3130APB46 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1 9/30/2026-22 3130APBM6 1,000,000.00 Semi-Annual 0.00 0.00 5,000.00 FHLB 1.25 12/21/2026 3130AQF65 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.5 1/27/2027-23 3130AQJR5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.7 2/24/2025-23 3130AQWY5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 1.83 2/10/2027-23 3130AQSA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 2.5 10/14/2025-23 3130ARGJ4 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 2.7 4/19/2027-24 3130ARGY1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 3.3 6/28/2027-24 3130ASDV8 300,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.45 2/12/2029-27 3130AYXU5 2,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 4.75 12/26/2024 3130AYBQ8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 165 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FHLB 4.75 9/8/2028 3130AXEL8 1,000,000.00 Semi-Annual 0.00 0.00 23,750.00 FHLB 4.81 1/10/2025 3130AYKN5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 5 2/15/2029-25 3130AYYJ9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLB 5.04 4/23/2029-27 3130B14L8 900,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 11/24/2026-22 3130APTV7 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLB Step 3/30/2026 3130ALV92 500,000.00 Semi-Annual 0.00 0.00 2,625.00 FHLMC 0.375 7/21/2025 3137EAEU9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 7/21/2025 3137EAEU9 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.375 9/23/2025 3137EAEX3 500,000.00 Semi-Annual 0.00 0.00 937.50 FHLMC 0.375 9/23/2025 3137EAEX3 1,000,000.00 Semi-Annual 0.00 0.00 1,875.00 FHLMC 0.55 12/30/2025 3134GXGZ1 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.625 5/27/2025 3134GVYG7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.65 10/27/2025-21 3134GW5R3 400,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 0.7 12/30/2026-21 3134GWUQ7 1,000,000.00 Semi-Annual 0.00 0.00 3,500.00 FHLMC 0.8 10/28/2026-21 3134GW6C5 500,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.2 4/17/2028-24 3134GYPJ5 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.5 2/26/2029-25 3134H1UX9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FHLMC 5.6 4/17/2029-25 3134H1D26 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 248,000.00 Monthly 0.00 0.00 147.44 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 248,000.00 Monthly 0.00 0.00 0.00 First Bank Elk River MN 4.4 6/30/2028 31911KAK4 248,000.00 Monthly 0.00 0.00 926.77 First Bank NJ 4.45 12/26/2025 319137CB9 244,000.00 Semi-Annual 0.00 0.00 0.00 First Federal Savings IN 4.25 7/9/2026 32021YEV1 248,000.00 Monthly 0.00 0.00 895.18 First Freedom Bank TN 1.2 4/29/2025 32027BAL1 249,000.00 Monthly 0.00 0.00 253.78 First Internet Bank of Indiana 1 5/12/2025 32056GDJ6 248,000.00 Monthly 0.00 0.00 210.63 First Nat'l Bank of McGregor 1.35 4/28/2025 32112UDR9 248,000.00 Monthly 0.00 0.00 284.35 First Nat'l Bank of Michigan 1.65 2/14/2025 32114VBT3 248,000.00 Monthly 0.00 0.00 347.54 First Service CU f/k/a SPCO TX 4.35 1/20/2028 78472EAB0 249,000.00 Monthly 0.00 0.00 919.94 Flagstar Bank, NA NY 1.25 4/30/2025 33847E3A3 248,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.4 12/30/2024 3135GAAW1 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.42 11/18/2024-22 3135G06E8 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 11/7/2025 3135G06G3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 11/7/2025 3135G06G3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.5 8/14/2025-23 3135G05S8 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.52 8/18/2025 3136G4M75 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.56 11/17/2025-22 3135GA2Z3 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.56 8/21/2025-23 3136G4N74 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.6 12/23/2025-21 3135GA7D7 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 0.625 4/22/2025 3135G03U5 500,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 4.75 5/15/2029-25 3135GAS36 1,000,000.00 Semi-Annual 0.00 0.00 0.00 166 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends FNMA 5.05 3/26/2026-25 3135GAQR5 1,000,000.00 Semi-Annual 0.00 0.00 24,969.44 FNMA 5.15 2/26/2027-25 3135GAPL9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.25 4/2/2027-25 3135GAQZ7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 FNMA 5.5 4/22/2027-25 3135GARK9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Forbright Bank MD 4.6 11/2/2027 34520LAT0 248,000.00 Monthly 0.00 0.00 968.90 Four Points FCU 4.55 5/11/2026 35089LAF0 248,000.00 Monthly 0.00 0.00 958.37 Freedom Financial Bank IA 1.55 2/14/2025 35637RDC8 248,000.00 Monthly 0.00 0.00 326.48 Genesee Regional Bank NY 4.2 12/28/2026 37173RAL7 244,000.00 Semi-Annual 0.00 0.00 0.00 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 248,000.00 Monthly 0.00 0.00 968.90 Golden State Bank CA 4.45 6/22/2027 38120MCA2 249,000.00 Monthly 0.00 0.00 941.08 Goldman Sachs Bank USA 1 7/28/2026 38149MXK4 248,000.00 Semi-Annual 0.00 0.00 0.00 Greenstate Credit Union IA 0.95 4/16/2026 39573LBC1 249,000.00 Monthly 0.00 0.00 200.91 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 248,000.00 Monthly 0.00 0.00 1,074.21 Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 248,000.00 Monthly 0.00 0.00 947.84 International Finance Corp 0.5 2/26/2026 45950VPS9 500,000.00 Semi-Annual 0.00 0.00 0.00 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 248,000.00 Monthly 0.00 0.00 989.96 KeyBank NA OH 5 3/17/2025 49306SJ56 244,000.00 Semi-Annual 0.00 0.00 6,150.14 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 248,000.00 Monthly 0.00 0.00 1,021.56 LAIF | City LGIP CITYLAIF3434 20,087,045.97 N/A 0.00 0.00 79,403.67 LAIF | Housing LGIP HOUSINGLAIF3005 2,152,117.36 N/A 0.00 0.00 8,507.28 Latino Community Credit Union NC 4.5 12/21/2027 51828MAC8 248,000.00 Monthly 0.00 0.00 947.84 Leader Bank, NA MA 2.55 4/22/2025 52168UHY1 245,000.00 Semi-Annual 0.00 0.00 0.00 Leaders Credit Union TN 5.1 10/30/2028 52171MAM7 248,000.00 Monthly 0.00 0.00 1,074.21 Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 248,000.00 Monthly 0.00 0.00 947.84 Legends Bank TN 3.75 9/11/2028 52465JKL0 248,000.00 Monthly 0.00 0.00 0.00 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 248,000.00 Monthly 0.00 0.00 947.84 Maine Community Bank 3.75 8/30/2027 560390DC7 248,000.00 Monthly 0.00 0.00 789.86 Maine Savings FCU 4.8 7/21/2028 560507AQ8 248,000.00 Monthly 0.00 0.00 1,011.02 Marathon Bank WI 1.8 3/16/2027 565819AG4 248,000.00 Monthly 0.00 0.00 379.13 Marine FCU NC 4 8/31/2026 56824JBC7 248,000.00 Monthly 0.00 0.00 842.52 Medallion Bank UT 4.85 10/20/2028 58404DTP6 248,000.00 Monthly 0.00 0.00 1,021.56 Merrick Bank UT 1.1 11/9/2026 59013KPN0 249,000.00 Monthly 0.00 0.00 232.63 Metro Credit Union MA 1.7 2/18/2027 59161YAP1 249,000.00 Monthly 0.00 0.00 359.52 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 248,000.00 Monthly 0.00 0.00 1,021.56 Milestone Bk f/k/a LCA UT 1 6/26/2026 501798RP9 248,000.00 Semi-Annual 0.00 0.00 0.00 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 248,000.00 Monthly 0.00 0.00 895.18 Money One FCU MD 5 9/14/2028 60936TAL3 248,000.00 Monthly 0.00 0.00 1,053.15 Morgan Stanley Bank, NA 1.95 11/20/2024 61690UNX4 245,000.00 Semi-Annual 0.00 0.00 0.00 Morgan Stanley Private Bank 1.9 11/20/2024 61760A3B3 245,000.00 Semi-Annual 0.00 0.00 0.00 Mountain American FCU 4.7 4/28/2026 62384RAT3 248,000.00 Monthly 0.00 0.00 989.96 167 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 248,000.00 Monthly 0.00 0.00 853.05 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 245,000.00 Semi-Annual 0.00 0.00 2,223.12 Nicolet National Bank WI 1.4 3/31/2025 654062JZ2 248,000.00 Monthly 0.00 0.00 285.37 Northpointe Bank MI 4.85 10/20/2028 666613MK7 248,000.00 Monthly 0.00 0.00 1,021.56 OPEB Trust MM OPEBTRUST 2,162,887.88 N/A 0.00 0.00 0.00 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 248,000.00 Monthly 0.00 0.00 1,021.56 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 248,000.00 Monthly 0.00 0.00 821.46 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 248,000.00 Monthly 0.00 0.00 0.00 PARS Pension Trust MM PARSTRUST 5,993,190.37 N/A 0.00 0.00 0.00 Pentagon FCU 0.7 9/2/2025 70962LAF9 249,000.00 Monthly 0.00 0.00 148.04 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 248,000.00 Monthly 0.00 0.00 874.12 Ponce Bank NY 3.5 9/15/2027 732329BD8 248,000.00 Monthly 0.00 0.00 737.21 Prevail Bank WI 4.25 1/24/2028 887171AB2 249,000.00 Monthly 0.00 0.00 898.79 RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 248,000.00 Monthly 0.00 0.00 0.00 Rize FCU f/k/a SCE CA 4.7 6/20/2029 78413RAV9 248,000.00 Monthly 0.00 0.00 989.96 Rockland FCU MA 4.6 12/22/2026 77357DAD0 248,000.00 Monthly 0.00 0.00 968.90 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 24773RCR4 245,000.00 Semi-Annual 0.00 0.00 2,470.14 Sallie Mae Bank UT 1 7/28/2026 795451AF0 248,000.00 Semi-Annual 0.00 0.00 0.00 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 248,000.00 Monthly 0.00 0.00 916.24 Sauk Valley Bank & Trust Co. IL 1.7 11/7/2024 804375DL4 248,000.00 Monthly 0.00 0.00 358.07 Scient FCU CT 4.65 1/13/2025 80865MAB3 248,000.00 Monthly 0.00 0.00 979.43 Signature FCU VA 4.4 1/31/2028 82671DAB3 248,000.00 Monthly 0.00 0.00 896.88 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 51507LCC6 248,000.00 Monthly 0.00 0.00 105.32 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 248,000.00 Monthly 0.00 0.00 863.58 Southern Bancorp Bank AR 0.5 10/25/2024 84223QAN7 248,000.00 Monthly 0.00 0.00 105.32 Southern Bank GA 4.25 1/28/2026 84229LBA9 244,000.00 Semi-Annual 0.00 0.00 0.00 Southern Bank MO 4.2 5/17/2028 843383CS7 248,000.00 Monthly 0.00 0.00 884.65 Southern Bank of TN 4.35 7/12/2029 84229QAC5 248,000.00 Monthly 0.00 0.00 916.24 Southern First Bank SC 4.7 5/14/2025 84287PJH6 248,000.00 Monthly 0.00 0.00 989.96 Spring Bank NY 1.5 3/20/2025 849430BF9 248,000.00 Monthly 0.00 0.00 315.95 St. Vincent's Medical Center FCU 4.6 6/16/2027 85279AAC6 248,000.00 Monthly 0.00 0.00 968.90 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 244,000.00 Semi-Annual 0.00 0.00 0.00 Sunwest Bank 3.55 9/28/2029 86804DDG0 248,000.00 Monthly 0.00 0.00 0.00 Synchrony Bank 0.9 9/3/2026 87165ET98 245,000.00 Semi-Annual 0.00 0.00 1,111.56 Technology Credit Union CA 5 5/29/2026 87868YAQ6 248,000.00 Monthly 0.00 0.00 1,053.15 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 248,000.00 Monthly 0.00 0.00 0.00 The Bank of Princeton0.5 12/30/2024 064520BG3 248,000.00 Monthly 0.00 0.00 105.32 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 248,000.00 Monthly 0.00 0.00 968.90 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 248,000.00 Monthly 0.00 0.00 642.42 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 724468AC7 244,000.00 Semi-Annual 0.00 0.00 0.00 168 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 245,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.25 10/31/2025 91282CAT8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 1/31/2026 91282CBH3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 11/30/2025 91282CAZ4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.375 12/31/2025 91282CBC4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.5 2/28/2026 91282CBQ3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.5 2/28/2026 91282CBQ3 750,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.625 10/15/2024 91282CDB4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.625 7/31/2026 91282CCP4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 1,875.00 T-Note 0.75 3/31/2026 91282CBT7 500,000.00 Semi-Annual 0.00 0.00 1,875.00 T-Note 0.75 5/31/2026 91282CCF6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 5/31/2026 91282CCF6 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 8/31/2026 91282CCW9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 0.75 8/31/2026 91282CCW9 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.125 10/31/2026 91282CDG3 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.5 1/31/2027 912828Z78 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.5 11/30/2024 912828YV6 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 1.875 7/31/2026 912828Y95 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.25 10/31/2024 9128283D0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.25 8/15/2027 9128282R0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.375 4/30/2026 9128286S4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.375 5/15/2027 912828X88 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.5 3/31/2027 91282CEF4 1,000,000.00 Semi-Annual 0.00 0.00 12,500.00 T-Note 2.625 2/15/2029 9128286B1 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 5/31/2027 91282CET4 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.625 5/31/2027 91282CET4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 4/30/2027 91282CEN7 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.75 7/31/2027 91282CFB2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 2.875 4/30/2029 91282CEM9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 11/15/2028 9128285M8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.125 8/31/2027 91282CFH9 500,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.25 6/30/2027 91282CEW7 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 1/31/2028 91282CGH8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 1/31/2028 91282CGH8 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 4/30/2028 91282CHA2 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.5 9/30/2029 91282CLN9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 18,125.00 169 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 18,125.00 T-Note 3.625 3/31/2028 91282CGT2 1,000,000.00 Semi-Annual 0.00 0.00 18,125.00 T-Note 3.625 8/31/2029 91282CLK5 2,000,000.00 Semi-Annual 0.00 600.83 0.00 T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 3.75 12/31/2028 91282CJR3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4 1/15/2027 91282CJT9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4 7/31/2029 91282CLC3 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 750,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 10/31/2027 91282CFU0 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.125 3/31/2029 91282CKG5 1,000,000.00 Semi-Annual 0.00 0.00 20,625.00 T-Note 4.125 9/30/2027 91282CFM8 1,000,000.00 Semi-Annual 0.00 0.00 20,625.00 T-Note 4.25 1/31/2026 91282CJV4 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.25 6/30/2029 91282CKX8 2,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.375 10/31/2024 91282CFQ9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 T-Note 4.5 5/31/2029 91282CKT7 2,000,000.00 Semi-Annual 0.00 0.00 0.00 Toyota Financial Savings Bank NV 0.9 4/22/2026 89235MKY6 245,000.00 Semi-Annual 0.00 0.00 0.00 Transportation Alliance Bank 0.4 1/23/2025 89388CEY0 248,000.00 Monthly 0.00 0.00 84.25 True Sky FCU 1.6 2/4/2027 89786MAF1 245,000.00 Semi-Annual 0.00 0.00 0.00 Truliant FCU NC 4.7 9/10/2027 89789AAG2 248,000.00 Monthly 0.00 0.00 989.96 Trustone Financial CU 5.15 12/27/2024 89841MAX5 248,000.00 Monthly 0.00 0.00 1,084.75 Tuscon FCU AZ 5 9/8/2028 898812AC6 248,000.00 Monthly 0.00 0.00 1,053.15 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 248,000.00 Monthly 0.00 0.00 1,032.09 United Bankers' Bank 5 3/17/2025 909557KQ2 248,000.00 Monthly 0.00 0.00 1,053.15 United Community Bank IL 1.65 2/7/2025 90983WBT7 248,000.00 Monthly 0.00 0.00 347.54 United Fidelity Bank, fsb IN 4.5 6/29/2028 910286GN7 248,000.00 Monthly 0.00 0.00 947.84 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 248,000.00 Monthly 0.00 0.00 400.20 United Teletech FCU NJ 5.1 11/8/2027 913065AD0 248,000.00 Monthly 0.00 0.00 1,074.21 University Bank MI 4.2 11/30/2027 914098DJ4 249,000.00 Monthly 0.00 0.00 888.21 University Credit Union Los Angeles 4 9/26/2025 914242AA0 248,000.00 Monthly 0.00 0.00 842.52 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 248,000.00 Monthly 0.00 0.00 916.24 US Bank | Custodian MM USB3000 210,624.97 N/A 0.00 0.00 16,786.32 US Bank | Fiscal Agent MM USB4000-6000 17,661.11 N/A 0.00 0.00 17,654.33 US Bank | In Transit Cash USB3000-TRANSIT 0.00 N/A 0.00 0.00 0.00 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 248,000.00 Monthly 0.00 0.00 958.37 Utah First FCU 5 7/21/2028 91739JAB1 245,000.00 Monthly 0.00 0.00 1,040.41 Valley National Bank NJ 4.95 5/29/2026 919853LV1 244,000.00 Semi-Annual 0.00 0.00 0.00 Valleystar Credit Union VA 5.2 11/8/2028 92023CAJ2 247,000.00 Monthly 0.00 0.00 1,090.86 Vibrant Credit Union IL 0.8 6/30/2026 92559TAJ7 249,000.00 Monthly 0.00 0.00 169.18 VisionBank MN 4.05 5/12/2028 92834ABT2 248,000.00 Monthly 0.00 0.00 853.05 VyStar Credit Union FL 4.55 3/10/2028 92891CCZ3 248,000.00 Monthly 0.00 0.00 958.37 170 CLICK HERE to Return to Agenda
Description CUSIP/Ticker Ending Face Amount/Shares Coupon Frequency Sell Accrued Interest Buy Accrued Interest Interest/Dividends Walmart Inc 3.7 6/26/2028-28 931142EE9 1,000,000.00 Semi-Annual 0.00 0.00 0.00 Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 244,000.00 Semi-Annual 0.00 0.00 0.00 Western State Bank ND 1 5/13/2025 95960NKD8 245,000.00 Semi-Annual 0.00 0.00 0.00 Workers FCU MA 5.2 10/30/2028 98138MCA6 248,000.00 Monthly 0.00 0.00 1,095.28 Total / Average 256,939,082.67 0.00 1,378.61 622,921.46 171 CLICK HERE to Return to Agenda
City of La Quinta | CA
Transactions Summary
Demand Register Transactions
Group By: Action
Portfolio / Report Group: All Portfolios
Begin Date: 06/30/2024, End Date: 09/30/2024
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date
Maturity
Date
Face
Amount/Shares Principal Price Total Portfolio Name
Transaction
ID
Buy
Advantage Credit Union IA

4.45 7/31/2028 00790UAE7 4.450 7/11/2024 7/31/2024 7/31/2028 249,000.00 249,000.00 100 249,000.00 Fixed IncomeInvestments NCUA 64030 Altaone FCU CA 4.45
7/19/2029 02157RAA5 4.450 7/11/2024 7/19/2024 7/19/2029 249,000.00 249,000.00 100 249,000.00 Fixed IncomeInvestments NCUA 5612 Baxter Credit Union IL 4.35
8/22/2028 07181JBH6 4.350 8/1/2024 8/22/2024 8/22/2028 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments NCUA 68187 CAMP TERM 5.16 6/12/2025 CAMPTERM61225 5.160 7/1/2024 7/2/2024 6/12/2025 30,000,000.00 30,000,000.00 100 30,000,000.00 CAMP CAMP TERM 5.31 3/28/2025 CAMPTERM32825 5.310 7/1/2024 7/2/2024 3/28/2025 10,000,000.00 10,000,000.00 100 10,000,000.00 CAMP Carter Bank & Trust 4.55
7/5/2029 146102AS7 4.550 6/25/2024 7/5/2024 7/5/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 58596 Celtic Bank UT 3.65
9/26/2029 15118RR33 3.650 9/6/2024 9/26/2024 9/26/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 57056 Cornerstone Comm. FCU NY

3.7 10/1/2029 21923MAB7 3.700 9/23/2024 9/30/2024 10/1/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments NCUA 11723 Covantage Credit Union WI

4.2 8/7/2028 22282XAD2 4.200 7/30/2024 8/6/2024 8/7/2028 247,000.00 247,000.00 100 247,000.00 Fixed IncomeInvestments NCUA 66848 Farmers & Merchants Bank
of Colby 4.4 7/5/2029 30781JBU3 4.400 6/18/2024 7/5/2024 7/5/2029 248,000.00 248,000.00 100 248,000.00 Fixed Income Investments FDIC 34719
FFCB 3.5 9/10/2029 3133ERSP7 3.470 9/17/2024 9/18/2024 9/10/2029 1,000,000.00 1,001,350.00 100.135 1,002,127.78 Fixed Income Investments
FFCB 3.75 8/15/2029 3133ERPS4 3.800 8/9/2024 8/15/2024 8/15/2029 1,000,000.00 997,742.00 99.7742 997,742.00 Fixed Income Investments
Fieldpoint Private B&T CT 4
9/4/2026 31657FBA4 4.000 8/27/2024 9/4/2024 9/4/2026 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 58741 FNMA 0.5 11/7/2025 3135G06G3 4.170 8/28/2024 8/29/2024 11/7/2025 1,000,000.00 957,850.00 95.785 959,405.56 Fixed Income Investments
Legends Bank TN 3.75
9/11/2028 52465JKL0 3.750 8/27/2024 9/11/2024 9/11/2028 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 34936 Maine Community Bank 3.75
8/30/2027 560390DC7 3.750 8/27/2024 8/30/2024 8/30/2027 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 17741 Marine FCU NC 4 8/31/2026 56824JBC7 4.000 8/27/2024 8/30/2024 8/31/2026 248,000.00 248,000.00 100 248,000.00 Fixed Income Investments NCUA 12977
MVB Bank, Inc. WV 4.05
2/1/2028 62847NEP7 4.050 7/29/2024 8/1/2024 2/1/2028 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 34603 Pacific Crest Savings Bank
WA 3.9 8/16/2029 69417ADA4 3.900 8/1/2024 8/16/2024 8/16/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 34585 Parkside Financial B&T MO

3.75 9/13/2028 70147AGA6 3.750 8/27/2024 9/13/2024 9/13/2028 248,000.00 248,000.00 100 248,000.00 Fixed Income Investments FDIC 58796
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Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date
Maturity
Date
Face
Amount/Shares Principal Price Total Portfolio Name
Transaction
ID
Peoples Exchange Bank KY

4.15 8/9/2027 71104AAS2 4.150 7/29/2024 8/9/2024 8/9/2027 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 8785 Prevail Bank WI 4.25
1/24/2028 887171AB2 4.250 7/11/2024 7/24/2024 1/24/2028 249,000.00 249,000.00 100 249,000.00 Fixed IncomeInvestments FDIC 29294 RiverWood Bank MN 3.85
3/11/2027 76951DBZ2 3.850 8/27/2024 9/11/2024 3/11/2027 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 27932 SNB Bank, NA OK 4.1
8/14/2028 78470MBS6 4.100 7/30/2024 8/14/2024 8/14/2028 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 4196 Southern Bank of TN 4.35
7/12/2029 84229QAC5 4.350 6/28/2024 7/12/2024 7/12/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 34847 Stearns Bank, NA MN 4.2
8/9/2027 857894Q51 4.200 8/1/2024 8/8/2024 8/9/2027 244,000.00 244,000.00 100 244,000.00 Fixed IncomeInvestments FDIC 10988 Sunwest Bank 3.55
9/28/2029 86804DDG0 3.550 9/17/2024 9/30/2024 9/28/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 20164 Texas Exchange Bank 3.7
9/6/2029 88241TSW1 3.700 8/27/2024 9/6/2024 9/6/2029 248,000.00 248,000.00 100 248,000.00 Fixed IncomeInvestments FDIC 20099 T-Note 1.875 7/31/2026 912828Y95 3.876 8/28/2024 8/29/2024 7/31/2026 1,000,000.00 963,281.25 96.328125 964,758.83 Fixed Income Investments
T-Note 2.625 5/31/2027 91282CET4 3.720 8/28/2024 8/29/2024 5/31/2027 1,000,000.00 971,555.99 97.155599 978,010.91 Fixed Income Investments
T-Note 3.5 1/31/2028 91282CGH8 3.680 8/28/2024 8/29/2024 1/31/2028 1,000,000.00 994,257.81 99.425781 997,015.96 Fixed Income Investments
T-Note 3.5 4/30/2028 91282CHA2 4.145 7/18/2024 7/19/2024 4/30/2028 1,000,000.00 977,600.00 97.76 985,208.70 Fixed Income Investments
T-Note 3.5 9/30/2029 91282CLN9 3.510 9/25/2024 9/30/2024 9/30/2029 1,000,000.00 999,530.00 99.953 999,530.00 Fixed Income Investments
T-Note 3.625 8/31/2029 91282CLK5 3.627 8/28/2024 9/3/2024 8/31/2029 2,000,000.00 1,999,843.75 99.992188 2,000,444.58 Fixed Income Investments
T-Note 4 7/31/2029 91282CLC3 4.134 7/24/2024 7/31/2024 7/31/2029 1,000,000.00 994,000.00 99.4 994,000.00 Fixed Income Investments
T-Note 4.125 9/30/2027 91282CFM8 4.150 7/29/2024 7/30/2024 9/30/2027 1,000,000.00 999,210.00 99.921 1,012,847.30 Fixed Income Investments
T-Note 4.25 6/30/2029 91282CKX8 4.290 6/28/2024 7/1/2024 6/30/2029 2,000,000.00 1,996,433.38 99.821669 1,996,664.36 Fixed Income Investments
Sub Total / Average Buy 59,702,000.00 59,554,654.18 59,589,755.98 Matured
1st Security Bank WA 2
7/30/2024 33625CCP2 0.000 7/30/2024 7/30/2024 7/30/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments Abacus Federal Savings NY

1.95 7/26/2024 00257TBD7 0.000 7/26/2024 7/26/2024 7/26/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments Bankwest Inc SD 1.7
9/27/2024 06652CHB0 0.000 9/27/2024 9/27/2024 9/27/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments BMW Bank UT 0.65
9/10/2024 05580AD50 0.000 9/10/2024 9/10/2024 9/10/2024 245,000.00 245,000.00 0 245,000.00 Fixed IncomeInvestments Celtic Bank UT 1.85
8/30/2024 15118RRH2 0.000 8/30/2024 8/30/2024 8/30/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments Dream First Bank NY 1.85
8/30/2024 334342CD2 0.000 8/30/2024 8/30/2024 8/30/2024 249,000.00 249,000.00 0 249,000.00 Fixed IncomeInvestments 173 CLICK HERE to Return to Agenda
Description CUSIP/Ticker
YTM @
Cost Trade Date
Settlement
Date
Maturity
Date
Face
Amount/Shares Principal Price Total Portfolio Name
Transaction
ID
FFCB 1.6 9/17/2024 3133EKP75 0.000 9/17/2024 9/17/2024 9/17/2024 500,000.00 500,000.00 0 500,000.00 Fixed Income Investments
FFCB 1.7 9/17/2024 3133ELEA8 0.000 9/17/2024 9/17/2024 9/17/2024 1,000,000.00 1,000,000.00 0 1,000,000.00 Fixed Income Investments
FFCB 1.85 7/26/2024 3133EKWV4 0.000 7/26/2024 7/26/2024 7/26/2024 500,000.00 500,000.00 0 500,000.00 Fixed Income Investments
First State Bank AK 1.8
8/30/2024 336460CX6 0.000 8/30/2024 8/30/2024 8/30/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments Firstier Bank 1.95 8/23/2024 33766LAJ7 0.000 8/23/2024 8/23/2024 8/23/2024 249,000.00 249,000.00 0 249,000.00 Fixed Income Investments
FNMA 1.75 7/2/2024 3135G0V75 0.000 7/2/2024 7/2/2024 7/2/2024 500,000.00 500,000.00 0 500,000.00 Fixed Income Investments
FNMA 5.2 7/30/2024-23 3135GAGA3 0.000 7/30/2024 7/30/2024 7/30/2024 2,000,000.00 2,000,000.00 0 2,000,000.00 Fixed Income Investments
Peoples Bank NC 2
7/31/2024 710571DS6 0.000 7/31/2024 7/31/2024 7/31/2024 248,000.00 248,000.00 0 248,000.00 Fixed IncomeInvestments Preferred Bank CA 2
8/16/2024 740367HP5 0.000 8/16/2024 8/16/2024 8/16/2024 249,000.00 249,000.00 0 249,000.00 Fixed IncomeInvestments T-Note 1.875 8/31/2024 9128282U3 0.000 8/31/2024 8/31/2024 8/31/2024 500,000.00 500,000.00 0 500,000.00 Fixed Income Investments
T-Note 1.875 8/31/2024 9128282U3 0.000 8/31/2024 8/31/2024 8/31/2024 3,000,000.00 3,000,000.00 0 3,000,000.00 Fixed Income Investments
T-Note 2.125 7/31/2024 9128282N9 0.000 7/31/2024 7/31/2024 7/31/2024 2,000,000.00 2,000,000.00 0 2,000,000.00 Fixed Income Investments
Washington FCU 2 8/23/2024 938828BH2 0.000 8/23/2024 8/23/2024 8/23/2024 248,000.00 248,000.00 0 248,000.00 Fixed Income Investments
Sub Total / Average
Matured 12,728,000.00 12,728,000.00 12,728,000.00
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Month
Beginning BV +
Accrued Interest
Interest Earned
During Period-BV
Realized
Gain/Loss-BV
Investment
Income-BV
Average Capital
Base-BV TRR-BV
Annualized
TRR-BV
Treasury 1
Year
4/30/2024 251,436,566.57 815,655.54 0.00 815,655.54 237,261,487.37 0.34 4.20 5.14 5/31/2024 253,124,748.63 810,115.71 0.00 810,115.71 251,462,286.61 0.32 3.94 5.19 6/30/2024 261,533,693.02 874,929.34 0.00 874,929.34 260,580,667.38 0.34 4.10 5.11 7/31/2024 280,557,939.79 909,886.75 0.00 909,886.75 280,312,356.33 0.32 3.97 4.90 8/31/2024 275,604,902.66 867,757.47 0.00 867,757.47 280,049,122.30 0.31 3.78 4.43 9/30/2024 274,598,699.24 815,528.68 0.00 815,528.68 258,086,795.46 0.32 3.86 4.03 Annualized TRR-BV
Total/Average 251,436,566.57 5,093,873.49 0.00 5,093,873.49 260,134,799.33 1.96 3.95 4.80 Begin Date: 4/30/2024, End Date: 9/30/2024 All Portfolios Total Rate of Return - Book Value by Month
City of La Quinta | CA
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Economic Indicator
Date Treasury 1 Year Treasury 5 Year Spread
10/31/2023 5.42 4.77 -0.65
11/30/2023 5.28 4.48 -0.80
12/31/2023 4.96 4.00 -0.96
1/31/2024 4.79 3.98 -0.81
2/29/2024 4.92 4.19 -0.73
3/31/2024 4.99 4.20 -0.79
4/30/2024 5.14 4.56 -0.58
5/31/2024 5.19 4.57 -0.62
6/30/2024 5.11 4.32 -0.79
7/31/2024 4.90 4.16 -0.74
8/31/2024 4.43 3.71 -0.72
9/30/2024 4.03 3.50 -0.53
Economic Indicator
Begin Date: 10/31/2023, End Date: 9/30/2024
Treasury 1 Year vs. Treasury 5 Year
Economic Indicator
City of La Quinta | CA
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Economic Indicator
Date Unemployment Rate CPI Spread
10/31/2023 3.90 4.00 0.10
11/30/2023 3.70 4.00 0.30
12/31/2023 3.70 3.90 0.20
1/31/2024 3.70 3.90 0.20
2/29/2024 3.90 3.80 -0.10
3/31/2024 3.80 3.80 0.00
4/30/2024 3.90 3.60 -0.30
5/31/2024 4.00 3.40 -0.60
6/30/2024 4.10 3.30 -0.80
7/31/2024 4.30 3.20 -1.10
8/31/2024 4.20 3.20 -1.00
9/30/2024 4.10 3.30 -0.80
Economic Indicator
Begin Date: 10/31/2023, End Date: 9/30/2024 Unemployment Rate vs. CPI Economic Indicator
City of La Quinta | CA
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Portfolio Name Allocation
Portfolio Name
Market Value
6/30/2024
% of Portfolio
6/30/2024
Market Value
9/30/2024
% of Portfolio
9/30/2024
Housing Authority - LQPR 160,185.70 4.94 214,462.13 6.24 Housing Authority - DPME 983,031.73 30.34 1,065,238.20 31.00 Housing Authority - LAIF 2,097,005.34 64.72 2,156,553.05 62.76 Total / Average 3,240,222.77 100.00 3,436,253.38 100.00 Portfolio Holdings as of 6/30/2024 Portfolio Holdings as of 9/30/2024 Begin Date: 6/30/2024, End Date: 9/30/2024 Report Group | Housing Authority Distribution by Portfolio Name - Market Value
City of La Quinta | CA
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Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 4/30/2024 3,199,441.11 3,230,874.07 -31,432.96 2.81 2.81 0.00 1 5/31/2024 3,238,750.94 3,269,851.60 -31,100.66 2.82 2.82 0.00 1 6/30/2024 3,240,222.77 3,271,323.43 -31,100.66 2.91 2.91 0.00 1 7/31/2024 3,339,719.82 3,335,284.13 4,435.69 2.91 2.91 0.00 1 8/31/2024 3,381,154.45 3,376,718.76 4,435.69 2.92 2.92 0.00 1 9/30/2024 3,436,253.38 3,431,817.69 4,435.69 2.87 2.87 0.00 1 Total / Average 3,305,923.75 3,319,311.61 -13,387.87 2.88 2.88 0.00 1 Market Value / Book Value Comparison
Begin Date: 4/30/2024, End Date: 9/30/2024 Report Group | Housing Authority Portfolio Summary by Month
City of La Quinta | CA
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Month
Beginning BV +
Accrued Interest
Interest Earned
During Period-BV
Realized
Gain/Loss-BV
Investment
Income-BV
Average Capital
Base-BV TRR-BV
Annualized
TRR-BV
Treasury 1
Year
4/30/2024 3,177,186.51 0.00 0.00 0.00 3,159,124.39 0.00 0.00 5.14 5/31/2024 3,230,874.07 0.00 0.00 0.00 3,200,698.45 0.00 0.00 5.19 6/30/2024 3,269,851.60 24,011.36 0.00 24,011.36 3,237,999.62 0.74 9.27 5.11 7/31/2024 3,271,323.43 0.00 0.00 0.00 3,254,678.98 0.00 0.00 4.90 8/31/2024 3,335,284.13 0.00 0.00 0.00 3,341,056.42 0.00 0.00 4.43 9/30/2024 3,376,718.76 25,521.83 0.00 25,521.83 3,382,140.35 0.75 9.44 4.03 Total/Average 3,177,186.51 49,533.19 0.00 49,533.19 3,238,802.84 1.53 3.08 4.80 Begin Date: 4/30/2024, End Date: 9/30/2024 Report Group | Housing Authority Total Rate of Return - Book Value by Month
City of La Quinta | CA
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City of La Quinta
CITY COUNCIL MEETING: December 17, 2024

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JUNE 30, 2024

RECOMMENDATION
Receive and file revenue and expenditure report dated June 30, 2024.

EXECUTIVE SUMMARY
 The report summarizes the City’s year-to-date (YTD) revenues and period expenditures for June 2024 (Attachment 1).
 These reports are also reviewed by the Financial Advisory Commission.

FISCAL IMPACT – None

BACKGROUND/ANALYSIS
Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports:

Original Total Budget – represents revenue and expenditure budgets the Council adopted in June 2023 for fiscal year 2023/24.

Current Total Budget – represents original adopted budgets plus any Council approved budget amendments from throughout the year, including carryovers from the prior FY.

Period Activity – represents actual revenues received and expenditures outlaid in the reporting month.

Fiscal Activity – represents actual revenues received and expenditures outlaid YTD.

Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount.

Percent Used – represents the percentage activity as compared to budget YTD.

The reports do not yet reflect any possible carryovers to fiscal year 2024/25, which will occur before the financial statements are released and will be reflected in the 2024/25 year-end budget report.

CONSENT CALENDAR ITEM NO. 16
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The revenue report includes revenues and transfers between funds (income items).

Revenues are not received uniformly throughout the year, resulting in peaks and valleys.

For example, large property tax payments are usually received in December and May.

Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City’s cash flow reserve.

The expenditure report includes expenditures and also transfers out between funds.

Unlike revenues, expenditures are more likely to be consistent from month to month.

However, large debt service payments or CIP expenditures can cause swings.

Prepared by: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director
Attachment 1: Revenue and Expenditure Report for June 30, 2024

MTD YTD
Percent of
Budget YTD
Percent
of Budget
General Fund (GF) 23,090,819 $ $ 91,446,858 110.34% $ 90,893,246 106.00% All Funds $ 54,629,043 $ 175,303,637 86.49% $ 148,475,289 75.23%

MTD YTD
Percent of
Budget YTD
Percent
of Budget
General Fund $ 16,711,014 $ 67,362,648 66.42% $ 66,002,347 57.74% Payroll (GF) $ 1,423,592 $ 11,841,138 91.90% $ 22,291,044 92.98% All Funds $ 14,926,962 $ 125,631,915 53.73% $ 112,769,190 47.48% June 2024 Revenues Comparison to 2023
June 2024 Expenditures Comparison to 2023
General Fund Non-General Fund
Measure G Sales Tax $ 3,682,691 County Government Tax Revenue for Debt Service $ 15,053,560 Fire Service Credit $ 2,964,467 Highway Bridge Program (Dune Palms Bridge Reimb.) $ 3,647,637 Sales Tax $ 2,900,083 Coachella Valley Assoc. of Gov'ts (Dune Palms Bridge Reimb.) 1,818,599 $ Property Tax in Lieu of Vehicle Fees $ 2,768,641 County Government Revenue -Library/Museum $ 1,809,459 Transient Occupancy (Hotel) Tax $ 2,446,160 County Sales Tax (Measure A) $ 499,124 General Fund Non-General Fund
Sheriff Contract (April to June) $ 4,668,476 Capital Improvement Program (CIP) - Construction $ 6,234,431 Fire Service Costs $ 2,302,594 2021 Series Bond Interest $ 751,835 Contract Legal Services $ 2016 Series Bond Interest 395,365 $ 355,239 Marketing & Tourism Promotions $ Road Improvements 123,196 $ 354,090 Contract Traffic Engineer $ Library Operations 94,663 $ 281,295 Top Five Revenue/Income Sources for June
Top Five Expenditures/Outlays for June
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For Fiscal: 2023/24 Period Ending: 06/30/2024

Page 1 of 3 ends

La Quinta City CouncilDecember 17, 2024

La Quinta City Council
December 17, 2024