Agenda packet — Lake Elsinore City Council, January 10, 2023 (part 1 of 6)

City of Lake Elsinore
City Council Meeting
Packet – Final
Timothy J. Sheridan, Mayor
Natasha Johnson, Mayor Pro Tem
Robert E. Magee, Council Member
Brian Tisdale, Council Member
Steve Manos, Council Member
Jason Simpson, City Manager
Meeting Date:

January 10, 2023
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CORONAVIRUS DISEASE (COVID‑19) ADVISORY
To protect our constituents, City officials and City staff, the City follows CDC, the California Department of Health Services’ and the County of Riverside Public Health Officer guidance for the Control of COVID‑19. Additional information regarding COVID‑19 is available on the City’s website at www.lake‑elsinore.org.

The January 10, 2023 City Council Meeting Adjourned Regular Meeting will be conducted in person.  Remote participation by the public and other interested persons will also be available in the following ways:
1)   Cable T.V. Broadcast on Spectrum Channel 29 and Frontier Channel 31. 2)   Livestream online at https://lakeelsinore.primegov.com/public/portal 3)   To call into the meeting and provide public comment via Zoom, register by clicking the following link before 5:00 p.m. on the day of the meeting:
https://us02web.zoom.us/s/86537585055
4)   Email public comments to calvarez@lake‑elsinore.org before the meeting. Comments received prior to 4:00 p.m. on the day of the meeting will be transmitted to the City Council Members.

The City of Lake Elsinore appreciates your attendance. Citizens’ interest provides the City Council and Agency with valuable information regarding issues of the community.

Meetings are held on the 2nd and 4th Tuesday of every month. The agenda is posted 72 hours prior to each meeting outside of City Hall. The agenda and related reports are also available on the City’s website at www.Lake‑Elsinore.org. Any writings distributed to the City Council within 72 hours of the meeting will be made available to the public at the time it is distributed to the City Council.

In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 674‑3124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility.

Dream Extreme 2040 is the City’s FIRST longterm strategic plan to assist the City in its pursuit of achieving its vision. The plan is a living document that will be updated regularly and serve as the framework to guide all decisionmaking over the next 20 years by identifying key Anchors, Aspirations, and Strategies.

Our Vision is the City of Lake Elsinore will be the ultimate destination where all can live, work, play, build futures, and fulfill dreams.

The Anchors are the City of Lake Elsinore’s unique community assets and opportunities: The Lake, Downtown, and Action and Adventure. • The Lake: Lake Elsinore is a vital community asset. Protecting, enhancing, and celebrating the Lake is critical to Lake Elsinore’s City and community health. • Downtown: Enhancing and creating the highest quality downtown experience will serve to create a strong sense of place that will shape the City’s identity as a place where residents and visitors can live, work, and play.
• Action and Adventure: Lake Elsinore’s programs, facilities, and natural environment will define the City as a destination for action and adventure for both visitors and residents.

Our Aspirations are broad, longterm goals that encapsulate what we hope to achieve in Lake Elsinore’s future. The City has identified 4 key aspirations to work towards.

Items on the agenda that align with Aspirations from the Dream Extreme 2040 Plan are noted by the Aspiration’s icon to highlight City Council actions that help the City pursue its goals.

To read the plan and learn more about its implementation in the City, visit www.LakeElsinore.org/DreamExtreme2040.

COO
Items on the agenda that align with Aspirations from the Dream Extreme 2040 Plan are noted by the Aspiration’s icon to highlight City Council actions that help the City pursue its goals.

To read the plan and learn more about its implementation in the City, visit www.LakeElsinore.org/DreamExtreme2040.

CALL TO ORDER 7:00 P.M.

The Regular Meetings of the City Council and the Successor Agency will be called to order.

PLEDGE OF ALLEGIANCE
MOMENT Of SILENCE
ROLL CALL

PRESENTATIONS/CEREMONIALS
1) Dream Extreme Future Leaders
Present Certificates of Recognition to the 2022 Dream Extreme Future Leaders Program Participants.

PUBLIC COMMENTS NONAGENDIZED ITEMS 1 MINUTE
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)
CITY COUNCIL CONSENT CALENDAR
2) Minutes of the Regular City Council Meeting of December 13, 2022 Approve the Minutes.
3) CC Warrant Report Dated Nov 23, 2022 to Dec 01, 2022 Receive and File.
4) CC Warrant Report Dated Dec 02, 2022 to Dec 08, 2022 Receive and File.
5) CC Warrant Report Dated Dec 09, 2022 to Dec 15, 2022 Receive and File.
6) CC Investment Report for November 2022
Receive and file the Investment Report for November 2022. 7) Second Reading of an Ordinance Adopting Zone Change No. 202103 for Planning Application No. 202137 (mason Motorsports)
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 202103. 5) CC Warrant Report Dated Dec 09, 2022 to Dec 15, 2022 Receive and File.
6) CC Investment Report for November 2022
Receive and file the Investment Report for November 2022. 7) Second Reading of an Ordinance Adopting Zone Change No. 202103 for Planning Application No. 202137 (mason Motorsports)
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 202103. 8) Second Reading of an Ordinance Amending Lake Elsinore Municipal Code Chapter

2.20 Regarding Disaster Relief
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 2.20 OF THE LAKE ELSINORE MUNICIPAL CODE (LEMC) REGARDING DISASTER RELIEF. 9) Second Reading of an Ordinance Amending and Restating Lake Elsinore Municipal Code Chapter 5.110 Regarding Motion Pictures, Television and Broadcasting, and Photographic Production
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING CHAPTER

5.110 OF THE LAKE ELSINORE MUNICIPAL CODE REGARDING MOTION PICTURES, TELEVISION AND BROADCASTING, AND PHOTOGRAPHIC PRODUCTION 10) Meeting Dates for 2023
Review the 2023 meeting dates and approve the cancelation of the Regular meetings of November 28 and December 26, 2023.
11) Mayor’s Recommended Council Appointments
Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and AdHoc Committees.
12) Appointment to the Measure Z Citizen Committee
Reappoint Ric Greenwood to serve on the Lake Elsinore Measure Z Citizen Committee for a term expiring December 31, 2024.
13) Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2022 Receive and file the Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2022 and related yearend reports.
14) Lake Elsinore Community Facilities District No. 20151 (Safety Services) Declaring Its Intention to Consider Annexing Territory Tract No. 38116 Annexation No. 13 Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 20151 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES), DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 20151 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).
15) Annexation No. 18 into Community Facilities District No. 20152 (Maintenance Services) for TR 38116 (Lakeside)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 20152 (MAINTENANCE SERVICES) OF THE CITY OF LAKE gy
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 20151 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES), DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 20151 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).
15) Annexation No. 18 into Community Facilities District No. 20152 (Maintenance Services) for TR 38116 (Lakeside)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 20152 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 18) AND AUTHORIZING THE LEVY OF A SPECIAL TAXES THEREIN. 16) Intention to Establish Community Facilities District No. 20231 of the City of Lake Elsinore (Lakeside)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, stating the intention to establish Community Facilities District No. 20231 of the City of Lake Elsinore (Lakeside); and Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, stating the intention to incur bonded indebtedness for Community Facilities District No. 20231 of the City of Lake Elsinore (Lakeside)
17) Notice of Decision – Planning Commission Approval of Planning Application No. 202139 (Dutch Bros) for a Commercial Design Review and a Conditional Use Permit to Construct and Operate a Onestory, 950 Squarefoot Drivethrough Coffee Stand Receive and File the Notice of Decision for Planning Application No. 202139 acted on by the Planning Commission (Commission) on December 6, 2022. The Commission by a 50 vote: Adopted A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING CONDITIONAL USE PERMIT NO. 202115 TO ESTABLISH A 950 SQUAREFOOT DRIVETHROUGH COFFEE STAND LOCATED AT 32250 MISSION TRAIL (APN: 365040024); and Adopted A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING COMMERCIAL DESIGN REVIEW NO. 202119 PROVIDING BUILDING DESIGN AND RELATED IMPROVEMENTS FOR A 950 SQUAREFOOT DRIVETHROUGH COFFEE STAND LOCATED AT 32250 MISSION TRAIL (APN: 365040024). 18) Amendment No. 1 to the Professional Services Agreement with Environment Planning Development Solutions, Inc.

Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with Environment Planning Development (EPD) Solutions, Inc. for additional services to prepare California Environmental Quality Act (CEQA) compliance documents for a total contract amount not to exceed $111,328, in such final form as approved by City Attorney.
19) Cooperative Funding Agreement Between County of Riverside and the City of Lake Elsinore for Audelo St., Machado St., Meadowlake Ln., Natalie Dr., Patrick Ct. Slurry Seal Improvements
Approve the Cooperative Funding Agreement, with County of Riverside for the Audelo St., Machado St., Meadowlake Ln., Natalie Dr., Patrick Ct. Slurry Seal Improvements Project in the not to exceed amount of $76,517.00.
20) Professional Services Agreement to Provide Project Study ReportProject Development Support for the Interstate 15 Nichols Road Interchange Improvement Project
Approve and authorize the City Manager to execute an Agreement for Professional Services withHDREngineering,Inc.intheamountof$861,678.82plusanadditional10%in yyy
19) Cooperative Funding Agreement Between County of Riverside and the City of Lake Elsinore for Audelo St., Machado St., Meadowlake Ln., Natalie Dr., Patrick Ct. Slurry Seal Improvements
Approve the Cooperative Funding Agreement, with County of Riverside for the Audelo St., Machado St., Meadowlake Ln., Natalie Dr., Patrick Ct. Slurry Seal Improvements Project in the not to exceed amount of $76,517.00.
20) Professional Services Agreement to Provide Project Study ReportProject Development Support for the Interstate 15 Nichols Road Interchange Improvement Project
Approve and authorize the City Manager to execute an Agreement for Professional Services with HDR Engineering, Inc. in the amount of $861,678.82 plus an additional 10% in contingency in final form as approved by the City Attorney. 21) Transportation Uniform Mitigation Fee Program Reimbursement Agreement for Interstate 15 Franklin Street Interchange Improvement Project Approve and authorize the Mayor to execute an agreement with Western Riverside Council of Governments (WRCOG) to reimburse funds for the Final PS&E phase of the Interstate 15 Franklin Street Interchange Improvement Project in substantially the form attached and in such final form as approved by the City Attorney.
22) Memorandum of Understanding with the Riverside County Department of Environmental Health for Review of Onsite Wastewater Treatment Systems Approve and authorize the City Manager to execute a Memorandum of Understanding with the County of Riverside Environmental Health for review of Onsite Wastewater Treatment Systems in substantially the form attached and in such final form as approved by the City Attorney.
23) Amendment to the Professional Services Agreement with AdamsStreeter Civil Engineers, Inc. for the Main Street Pedestrian Safety Improvements and Information Technology Infrastructure Project #Z10075
Approve and authorize the City Manager to execute an amendment to the Professional Services Agreement with Adam Streeter in an amount not to exceed $70,940 in final form as approved by the City Attorney.
24) Professional Services Agreement for Oncall Surveying and Mapping Approve and authorize the City Manager to execute the Professional Services Agreement with Guida Surveying Inc. not to exceed the amount of $100,000 to provide oncall surveying and mapping services in such final form as approved by the City Attorney. 25) Cost Increase of Services to Design, Fabricate and Deliver a Storage Pavilion for the City Corporate Yard (CIP Project #Z20024)
Authorize an additional $19,132.08 for the inflation cost for the purchase of Services to Design, Fabricate and Delivery of a Storage Pavilion from Braemar Fabricating Systems (CIP Project #Z20024).
26) Authorize the Purchase of a Beverage System from Norland International, Inc. (DBA Abe Equipment) for the Diamond Club Kitchen & Beverage Services Area ADA Accessibility Remodel Project (CIP Project #Z20003)
Authorize the City Manager to purchase a complete beverage system from Norland International, Inc. (DBA: ABE Equipment) in the amount of $232,616.00 for the Diamond Club Kitchen & Beverage Services Area ADA Accessibility Remodel Project (CIP Project #Z20003); and Waive the formal bidding process per Municipal Code Section 3.08.070(G) for the purchase from Norland International, Inc. (DBA: ABE Equipment) since it is a nonreplicable, custom system package satisfying all of the County and State Health Department requirements.

Design, Fabricate and Delivery of a Storage Pavilion from Braemar Fabricating Systems (CIP Project #Z20024).
26) Authorize the Purchase of a Beverage System from Norland International, Inc. (DBA Abe Equipment) for the Diamond Club Kitchen & Beverage Services Area ADA Accessibility Remodel Project (CIP Project #Z20003)
Authorize the City Manager to purchase a complete beverage system from Norland International, Inc. (DBA: ABE Equipment) in the amount of $232,616.00 for the Diamond Club Kitchen & Beverage Services Area ADA Accessibility Remodel Project (CIP Project #Z20003); and Waive the formal bidding process per Municipal Code Section 3.08.070(G) for the purchase from Norland International, Inc. (DBA: ABE Equipment) since it is a nonreplicable, custom system package satisfying all of the County and State Health Department requirements.

ITEMS REMOVED FROM THE CITY CONSENT AGENDA
SUCCESSOR AGENCY CONSENT CALENDAR
27) Minutes of the Regular Successor Agency Meeting of December 13, 2022 Approve the Minutes.
28) SA Warrant Report Dated Nov 23, 2022 to Dec 01, 2022 Receive and File.
29) SA Warrant Report Dated Dec 02, 2022 to Dec 08, 2022 Receive and File.
30) SA Warrant Report Dated Dec 09, 2022 to Dec 15, 2022 Receive and File.
31) SA Investment Report for November 2022
Receive and file the Investment Report for November 2022. 32) Ninth Amendment to Stadium Interim Management Agreement Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING A NINTH AMENDMENT TO THE STADIUM INTERIM MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AND THE LAKE ELSINORE STORM LP.
33) Recognized Obligation Payment Schedule (ROPS 2324) for July 1, 2023 through June 30, 2024
Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 2324) AND ADMINISTRATIVE BUDGET FOR JULY 1, 2023 THROUGH JUNE 30, 2024.

PUBLIC COMMENTS NONAGENDIZED ITEMS 3 MINUTES
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)
CITY MANAGER'S COMMENTS
CITY ATTORNEY COMMENTS
CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
AFFIDAVIT OF POSTING
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)
CITY MANAGER'S COMMENTS
CITY ATTORNEY COMMENTS
CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
AFFIDAVIT OF POSTING
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the forgoing agenda was posted at City Hall at HH:MM p.m. on DDDD,MM, DD, YYYY. _________________________
Candice Alvarez, MMC
City Clerk
Printed on 1/6/2023 8:34:41 AM

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: December 13, 2022
Subject: Dream Extreme Future Leaders
Recommendation
Present Certificates of Recognition to the 2022 Dream Extreme Future Leaders Program Participants.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 10, 2023
Subject: Minutes of the Regular City Council Meeting of December 13, 2022 Recommendation
Approve the Minutes.

Attachments
Attachment 1 - Draft Minutes
City of Lake Elsinore
City Council Meeting Minutes – Final
Timothy J. Sheridan, Mayor
Natasha Johnson, Mayor Pro Tem
Robert E. Magee, Council Member
Brian Tisdale, Council Member
Steve Manos, Council Member
Jason Simpson, City Manager
Meeting Date:

December 13, 2022
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER
The Regular Meeting of the City Council was called to order at 5:00 p.m.

ROLL CALL

Present: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale

Absent: 0 - None

CLOSED SESSION
The City Council recessed into Closed Session at 5:01 p.m.

RECONVENE/CALL TO ORDER
The Regular meeting of the City Council reconvened and the Regular meeting of the Successor Agency was called to order at 7:00 p.m.

PLEDGE OF ALLEGIANCE
Members of Boy Scouts Troop 300 led the Pledge of Allegiance.

INVOCATION/MOMENT OF SILENCE

ROLL CALL

PRESENTATIONS/CEREMONIALS
1) Installation of Re-elected City Council Members
City Clerk Alvarez presented Certificates of Election to re-elected Council Members Tisdale and Sheridan and issued the Oath of Office to Council Member Tisdale.

Maha Rizvi, California Democratic Party Region 13 Director, issued the Oath of Office to Council Member Sheridan.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 2 :
2) Dedication of the Chris Hyland Plaque
Mayor Sheridan and City Manager Simpson presented the Plaque dedicating Riverside Drive in honor of Chris Hyland.
3) Dream Extreme Future Leaders
Present Certificates of Recognition to the 2022 Dream Extreme Future Leaders Program Participants.

Mayor Sheridan City Clerk Alvarez presented Certificates of Recognition to 2022 Dream Extreme Future Leaders Program participants.

CLOSED SESSION REPORT
City Attorney Leibold reported that both items were discussed and the City Council directed and authorized the City Attorney’s Office to initiate litigation.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - ONE MINUTE
Douglas Norfolk, Paulie Tehrani, Ace Vallejos, Derek Kinnison, and Kimberly Ryan were called to speak.

CITY COUNCIL CONSENT CALENDAR
Motion by Council Member Manos, second by Mayor Pro Tem Johnson to approve the City Council Consent Calendar with Agenda Item Nos. 13 and 14 being continued to January 10, 2023 and Agenda Item No. 17 being removed for discussion. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
4) Minutes of the Regular City Council Meeting of November 8, 2022 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 5) CC Investment Report for October 2022
CC Investment Report Dated October 1, 2022 to October 31, 2022. Receive and file.

This item was approved on the City Council Consent Calendar. 6) CC Warrant Report Dated Oct 21, 2022 to Oct 27, 2022 Receive and File.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 3 :
7) CC Warrant Report Dated Oct 28, 2022 to Nov 03, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 8) CC Warrant Report Dated Nov 04, 2022 to Nov 10, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 9) CC Warrant Report Dated Nov 11, 2022 to Nov 17, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 10) CC Warrant Report Dated Nov 18, 2022 to Nov 22, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 11) Second Reading of an Ordinance Amending Lake Elsinore Municipal Code Section

2.08.020 for the Purpose of Increasing City Council Compensation to $744 Per Month Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING LAKE ELSINORE MUNICIPAL CODE (LEMC) SECTION 2.08.020 COMPENSATION, FOR THE PURPOSE OF INCREASING CITY COUNCIL COMPENSATION TO $744 PER MONTH.

This item was approved on the City Council Consent Calendar. 12) Annual Bond Accountability Report for Fiscal Year 2021-22 Receive and file the Annual Bond Accountability Report for Fiscal Year 2021-22 pursuant to SB 165 which was transmitted on November 18, 2022 to the City Clerk and to City Council on or before December 31, 2022 as required.

This item was approved on the City Council Consent Calendar. 13) Lake Elsinore Community Facilities District No. 2015-1 (Safety Services) Declaring its Intention to Consider Annexing Territory Tract No. 38116 Annexation No. 13 Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES),

DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).

This item was continued to January 10, 2023.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 4 :
14) Annexation No. 18 into Community Facilities District No. 2015-2 (Maintenance Services) for TR 38116 (Lakeside)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE

DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 18) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

This item was continued to January 10, 2023.
15) Agreement for the Purchase of a Replacement Website Design and Hosting Software Approve and Authorize the City Manager to enter into a contract with CivicPlus for $39,717.00 to design and host the City’s website.

This item was approved on the City Council Consent Calendar. 16) Revised Grant of Easement to Elsinore Valley Municipal Water District for Purposes of Pump Station on 71 Acre Mitigation Area
Approve and authorize the City Manager to execute the Revised Grant of Easement, and such other ancillary documents as may be necessary, in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 17) Construction Agreement with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Located at 31706 Casino Drive, Lake Elsinore, CA 92530 (Project No. Z3021blddemo)

1. Approve and authorize the City Manager to execute an Agreement in an amount not to exceed seventy-six thousand one hundred and three dollars and no cents ($76,103.00) with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Building Located at 31706 Casino Drive, Lake Elsinore CA 92530, Project No.

Z3021BLDDEMO in the form attached and in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $7,610.00 for construction uncertainties and adjustments.

This item was removed from the City Council Consent Calendar for discussion. 18) Award Public Works’ Construction Agreement to Superior Pavement Markings Inc. for the Annual Traffic Striping Maintenance Program (CIP Project No. Z10004)

1. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $499,235 with Superior Pavement Markings for the Annual Traffic Striping Maintenance Program (CIP Project No. Z10004) in the form attached and in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $49,923.50 for construction uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 5 :
19) Cost Increase for Acquisition of City Fleet Vehicle Authorize an additional $4,066.83 for the inflation cost for the purchase of 1 (one) Fleet Vehicle.

This item was approved on the City Council Consent Calendar. 20) Purchase of One (1) Agricultural Tractor
Approve and authorize the City Manager to execute a Purchase Order with Quinn AG Products for the purchase of one (1) New Agricultural Tractor Model MF 7700 series in the amount of $86,476.30 (including tax).

This item was approved on the City Council Consent Calendar. 21) Purchase of One (1) Mini Skid Steer Trencher
Approve and authorize the City Manager to execute a Purchase Order with RDO Equipment Co. for one (1) New 2022 Vermeer Mini Skid Steer S925TX Trencher in the amount of $51,706.25 (tax included).

This item was approved on the City Council Consent Calendar. 22) Purchase of Four (4) Utility Carts
Approve and authorize the City Manager to execute a purchase order with John Deere for two (2) John Deere Gator TE Electric 2023 and, two (2) John Deere Gator TX Gas 2023 Utility Carts in the amount of $60,113.53 (including tax).

This item was approved on the City Council Consent Calendar. 23) Pre-designed and Engineered Canopy Shade Structures and Installation from Usa Shade & Fabric Structures for Canyon Hills Community Park, Summerly Park and Swick & Matich Park

1. Approve and authorize the City Manager to execute the agreement with USA Shade & Fabric Structures for the purchase and installation of the canopy shade structures in an amount not to exceed $824,721.90 in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $82,472.10 for unanticipated costs.

This item was approved on the City Council Consent Calendar. 24) SAWPA Round 1 Prop 2 Algae Harvester Update
Authorize the City Manager to approve the continued submittal of the grant application with revised project scope and up to $1.5M in City cost share for the $3M project over the 3-year project period.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 6 :
25) Conservation Easement for Approximately 33.8 Acres and Restrictive Covenant for Approximately 66 Acres of City Property in the Back Basin

1. Approve and authorize the City Manager to execute and record a Conservation Easement for approximately 33.8 acres of City property in the Back Basin in substantially the form attached and in such final form as approved by the City Attorney; and

2. Approve and authorize the City Manager to execute and record a Declaration of Restrictive Covenants for approximately 66 acres of City property in the Back Basin in in substantially the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR
17) Construction Agreement with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Located at 31706 Casino Drive, Lake Elsinore, CA 92530 (Project No. Z3021blddemo)

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $7,610.00 for construction uncertainties and adjustments.

Building Manager Belvin presented a staff report.

Motion by Mayor Pro Tem Johnson, seconded by Council Member Manos to approve Staff’s recommendations. The motion carried by the following vote:

Ayes: 5
-
Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0
-
None

SUCCESSOR AGENCY CONSENT CALENDAR
Motion by Vice Chair Johnson, seconded by Agency Member Manos to approve the Successor Agency Consent Calendar with Chair Sheridan abstaining from Item No. 33. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
26) Minutes of the Regular Successor Agency Meeting of November 8, 2022 Approve the Minutes.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 7 :

This item was approved on the Successor Agency Consent Calendar. 27) SA Investment Report for October 2022
Receive and file the Investment Report for October 2022.

This item was approved on the Successor Agency Consent Calendar. 28) SA Warrant Report Dated Oct 21, 2022 to Oct 27, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 29) SA Warrant Report Dated Oct 28, 2022 to Nov 03, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 30) SA Warrant Report Dated Nov 04, 2022 to Nov 10, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 31) SA Warrant Report Dated Nov 11, 2022 to Nov 17, 2022 Receive and File
This item was approved on the Successor Agency Consent Calendar. 32) SA Warrant Report Dated Nov 18, 2022 to Nov 22, 2022 Receive and File
This item was approved on the Successor Agency Consent Calendar. 33) Authorize the Purchase of Field Wall Padding and Associated Padding Repairs from Sports Field Specialties for the Diamond Stadium (CIP Project No. Z20003) Approve and authorize the Executive Director to purchase field wall padding and associated padding repairs from Sports Field Specialties in the amount of $158,808.25 for the Diamond Stadium field wall padding and associated padding repairs project (CIP Project #Z20003).

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARINGS
34) AB1600 Annual Report for Fiscal Year 2021-22
Receive and File.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 8 :

The Public Hearing was opened at 7:36 p.m.

Accounting Specialist Fernandez presented a staff report.

There were no speakers.

The Public Hearing was closed at 7:38 p.m.

Motion by Council Member Tisdale, seconded by Mayor Pro Tem Johnson to receive and file the report. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
35) Planning Application No. 2021-37 (Mason Motorsports): Request for Approval of a Zone Change Amending the Zoning Designation of the 1.56-acre Parcel from C-M (Commercial Manufacturing) to M-1 (Limited Manufacturing), in Conjunction with Industrial Design Review to Construct a Two-Story, 25,449 Square-Foot Industrial Building and Related Site Improvements for an OffRoad Vehicle Manufacturing Facility

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING AN ADDENDUM TO THE 2011

GENERAL PLAN UPDATE ENVIRONMENTAL IMPACT REPORT (STATE
CLEARING HOUSE NO. 2005121019) FOR PLANNING APPLICATION NO. 2021-37 (ZONE CHANGE NO. 2021-03 AND INDUSTRIAL DESIGN REVIEW NO. 2021-06);

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2021-37 (ZONE CHANGE NO. 2021-03 AND INDUSTRIAL DESIGN REVIEW NO. 2021-06) IS CONSISTENT WITH THE WESTERN

RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION
PLAN (MSHCP);

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING INDUSTRIAL DESIGN REVIEW NO. 2021-06 FOR THE CONSTRUCTION OF A 25,449 SQUARE FOOT

INDUSTRIAL BUILDING AND RELATED SITE IMPROVEMENTS LOCATED AT APN: 377-430-016; and

4. Introduce by title only and waive further reading of AN ORDINANCE THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 2021-03.

The Public Hearing was opened at 7:39 p.m.

Associate Planner Beery presented a staff report.

There were no speakers.

The Public Hearing was closed at 7:44 p.m.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 9 :

Motion by Council Member Magee, seconded by Mayor Pro Tem Johnson to adopt the Resolutions and introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None

BUSINESS ITEMS
City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 10 :
36) Amendment of Lake Elsinore Municipal Code Chapter 2.20 Regarding Disaster Relief Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 2.20 OF THE LAKE ELSINORE MUNICIPAL CODE (LEMC) REGARDING DISASTER RELIEF.

Emergency Services Manager Mesa presented a staff report.

Motion by Council Member Tisdale, seconded by Mayor Pro Tem Johnson to introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
37) Film Permit Fees and Municipal Code Amendment Regarding Motion Pictures, Television and Broadcasting, and Photographic Production

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 5.110 FILM PERMIT FEES; and

2. Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING CHAPTER 5.110 OF THE LAKE ELSINORE MUNICIPAL CODE

REGARDING MOTION PICTURES, TELEVISION AND BROADCASTING, AND PHOTOGRAPHIC PRODUCTION.

Management Analyst Teahen presented a staff report.

Motion by Council Member Manos, seconded by Mayor Pro Tem Johnson to adopt the Resolution and introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
38) Selection of the Mayor/Chair and Mayor Pro Tem/Vice-Chair for 2023 Select a Mayor/Chair and Mayor Pro Tem/Vice-Chair to serve through December 12, 2023 per City Council Policy No. 200-4.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 11 :

Mayor Sheridan yielded the chair to City Clerk Alvarez.

City Clerk Alvarez opened nominations for the seat of Mayor.

Motion by Council Member Manos, seconded by Council Member Tisdale to nominate Council Member Johnson to serve as Mayor for 2023. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
Mayor Johnson opened nominations for the seat of Mayor Pro Tem.

Motion by Council Member Tisdale, seconded by Council Member Magee to nominate Council Member Manos to serve as Mayor Pro Tem for 2023. The motion carried unanimously.

Motion by Council Member Tisdale, seconded by Council Member Magee to nominate Council Member Manos to serve as Mayor Pro Tem for 2023. The motion carried by the following vote:

Ayes: 5 - Mayor Johnson, Mayor Pro Tem Manos, and Council Members Tisdale, Sheridan, and Magee.

Noes: 0 - None
Mayor Johnson presented a plaque and gift to outgoing Mayor Sheridan congratulating him on and thanking him for his service over the last year.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
There were no speakers.

CITY MANAGER'S COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Mayor Pro Tem Manos congratulated Council Members Tisdale and Sheridan on their re-elections and Mayor Johnson on her nomination; congratulated the Dream Extreme Future Leaders on their completion of the Program; and reported on his attendance at the Riverside County Airport Land Use Commission meeting on November 10, 2022, League of California Cities Riverside County Division meeting on November 14, 2022, and Southern California Association of Governments meetings on November 16, 2022.

Council Member Tisdale congratulated Council Member Sheridan on his re-election and thanked him for serving as Mayor in 2022, and Mayor Johnson and Mayor Pro Tem Manos on their nominations; thanked his wife for her support; reported on his attendance at the Northwest Mosquito & Vector Control District Board meeting on November 17, 2022 and Western Riverside City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 12 :

Council of Governments Executive Committee meeting on December 5, 2022; and encouraged the community to share its feedback and participate in the General Plan Update by completing the Environmental Justice/Healthy Community Survey by Monday, January 9, 2023.

Council Member Sheridan congratulated Mayor Johnson and Mayor Pro Tem Manos on their nominations and Council Member Tisdale on his re-election; distributed trophies to City staff; reported on his attendance at Riverside Transit Agency meetings on November 16, 2022, November 17, 2022, and December 7, 2022; shared photos and spoke on the City’s Winterfest event that was held on Saturday, December 3, 2022; congratulated this year’s Dream Extreme Future Leaders on their completion of the Program; shared his presentation of a plaque to the Richard Nixon Foundation; announced the Dudes of Canyon Hills Winter’s Wonderland of Lake Elsinore toy giveaway which will be held on December 17, 2022 from 11:00 a.m. to 4:00 p.m. at the Lake Community Center; shared that Elsinore Barber & Beauty Shop is holding a Toy Drive through December 15, 2022 and invited the community to its event on Sunday, December 18, 2022 from 12:00 p.m. to 4:00 p.m. during which toys will be gifted to children ages 0-13; and expressed condolences to the family of Joyce Teyler and spoke on her employment and commitment to the City of Lake Elsinore in the Code Enforcement Division.

Mayor Johnson thanked Boy Scouts Troop 300 for attending and the Dream Extreme Future Leaders for completing the program; congratulated Council Members Tisdale and Sheridan on their re-elections; spoke on the City’s Winterfest event; reported on her attendance in the Western Riverside County Regional Conservation Authority meetings on December 5, 2022 and November 16, 2022; encouraged the community to volunteer for the 2023 Point-In-Time County on January 25, 2023 from 5:30 a.m. to 9:30 a.m.; announced The Elsinore Edition, the City’s new monthly newsletter and encouraged residents to subscribe.

Council Member Magee reported on his attendance at the Riverside County Transportation Commission meeting that was held on November 9, 2022; announced SCCA Autocross Weekend on Saturday, January 14, 2023 and Sunday, January 15, 2023 at Diamond Stadium; shared Pet Care tips for winter weather; and provided updates from Southern California Edison regarding electricity interruptions; and recognized and expressed condolences to the families of Phil Williams and Ruth Atkins.

ADJOURNMENT
The City Council adjourned at 8:38 p.m. in memory of Joyce Teyler, Phil Williams, and Ruth Atkins to the next Regular Meeting on Tuesday, January 10, 2022.

Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

Background
The Warrant Report lists all general checks issued since the prior Warrant Report.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
NOV 23, 2022 TO DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 530,716.21
103 THE ANCHOR 2,355.93
110 GAS TAX 2,071.08
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 59,863.22 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 17,485.44 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 486.48 180 LAUNCH POINTE 66,201.96
300 INSURANCE SERVICE 3,467.19
305 INFORMATION SYSTEMS SERVICE 35,482.34
310 SUPPORT SERVICE 2,681.91
315 FLEET SERVICE 47,848.59
320 FACILITIES SERVICE 51,616.55
330 CFD 2015-2S MAINTENANCE SERVICES 795.02
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 663.30
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 681.08
333 CFD 2015-4 TERRACINA IMPROVEMENT 681.08
334 CFD 2015-5 TRIESTE IMPROVEMENT 663.30
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 663.30
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 681.08
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 643.98
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 681.08
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 486.48
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 663.30
342 CFD 2007-5S RED KITE SERVICES 486.48
343 CFD 2006-2S VISCAYA SERVICES 486.48
344 CFD 2005-2S ALBERHILL RANCH SERVICES 486.48
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,344.38
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 681.08
350 CFD 98-1 SUMMERHILL IMPROVEMENT 681.08
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 663.30
354 CFD 90-2 TUSCANY HILLS IMPROVEMENT 1,848.70
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 875.67
358 CFD 2007-4S MAKENNA SERVICES 486.48
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 486.48
366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 1,167.56 367 CFD 2006-1S SUMMERLY SERVICES 486.48
368 CFD 2006-2 VISCAYA IMPROVEMENT 486.48
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 681.08
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 681.08
371 CFD 2005-1 SERENITY IMPROVEMENT 681.08
Attachment 1 1 of 2
NOV 23, 2022 TO DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 681.08
373 CFD 2005-5S WASSON CANYON SERVICES 486.48
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 243.24
375 CFD 2006-4 CLURMAN IMPROVEMENT 243.24
376 CFD 2006-3 LA STRADA IMPROVEMENT 486.48
377 CFD 2006-6 TESSARA IMPROVEMENT 291.89
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 643.98
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,335.13
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 681.08
386 CFD 2007-4 MAKENNA IMPROVEMENT 643.98
387 CFD 2007-5 RED KITE IMPROVEMENT 643.98
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 1,751.34
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 681.08
393 AD 93-1 COTTONWOOD HILLS IMPROVEMENT 1,848.70
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 486.48
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 459.99
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 654.18
397 CFD 2019-1 WESTLAKE IMPROVEMENT 654.18
398 CFD 2021-1 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 500 CAPITAL IMPROVEMENT PLAN 205,297.63
540 SARDA DIAMOND STADIUM 3,958.32
608 TRUST DEPOSITS 4,800.00
620 COST RECOVERY TRUST DEPOSITS 6,323.79
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 81.70
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 681.08
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 486.48 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 486.48
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 486.48 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 795.03
GRAND TOTAL $ 1,078,770.43
Attachment 1 2 of 2
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001770 AMAZON BUSINESS $ 17.38
APA23001771 AMERICAN MATERIAL COMPANY 95.80
APA23001772 APPLE ONE 2,041.33
APA23001773 BANNER BANK 4,318.12
APA23001774 BEACON ATHLETICS 875.45
APA23001775 BLACK TIE LAUNDRY 391.20
APA23001776 CALIFORNIA STATE FIRE PROTECTION 405.00
APA23001777 CDW GOVERNMENT, INC. 14,126.30
APA23001778 CED LAGUNA 894.72
APA23001779 CHARLES ABBOTT ASSOCIATES, INC. 595.00
APA23001780 CHARTER COMMUNICATIONS 1,399.00
APA23001781 CHARTER COMMUNICATIONS 186.30
APA23001782 CINTAS CORPORATION NO. 2 405.96
APA23001783 CODE PUBLISHING COMPANY 600.00
APA23001784 CRISP IMAGING 195.86
APA23001785 DMSD FOODS, INC. 4,358.01
APA23001786 DOUGLAS HINER UMPIRING SERVICES 798.00
APA23001787 DOWNS ENERGY 122.45
APA23001788 ENDRESEN DEVELOPMENT, INC. 47,151.20
APA23001789 EPD SOLUTIONS, INC. 5,923.79
APA23001790 EVMWD 15,445.84
APA23001791 EXCEL LANDSCAPE, INC. 27,617.97
APA23001792 FCG CONSULTANTS, INC. 44,558.88
APA23001793 FEDERAL EXPRESS CORPORATION 136.07
APA23001794 FERGUSON 759.51
APA23001795 FIRST AMERICAN TITLE COMPANY 100.00
APA23001796 FRONTIER CALIFORNIA - INTERNET 131.86
APA23001797 FRONTIER CALIFORNIA, INC. 4,135.77
APA23001798 GREAT AMERICA FINANCIAL SERVICES 2,545.84
APA23001799 GRIFFITH COMPANY 82,044.19
APA23001800 GRISSO, TONY 480.39
APA23001801 HAZZARD BACKFLOW, INC. 2,400.00
APA23001802 JOLLY JUMPS 1,020.00
APA23001803 JON'S FLAGS & POLES INC. 2,285.38
APA23001804 KOA CORPORATION 3,872.56
APA23001805 KPA SERVICES, LLC 1,509.19
APA23001806 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION 900.00 APA23001807 LIEBERT CASSIDY WHITMORE 1,847.00
APA23001808 MIG 4,767.50
APA23001809 O'REILLY AUTO STORES INC/FIRST CALL 83.36
APA23001810 PINO, KAREN 445.00
Attachment 2 1 OF 3
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001811 POWER PRODUCTS UNLIMITED, LLC 619.39
APA23001812 PRUDENTIAL OVERALL SUPPLY 417.66
APA23001813 PURSUIT ELECTRIC, INC. 9,811.99
APA23001814 REGAN PAVING 53,875.00
APA23001815 RICHMOND AMERICAN HOMES 4,800.00
APA23001816 ROBBINS PEST MANAGEMENT, INC. 870.00
APA23001817 ROW TRAFFIC SAFETY, INC 280.54
APA23001818 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23001819 SECURITAS SECURITY SERVICES USA, INC. 3,339.60 APA23001820 SHRED-IT USA, LLC 168.00
APA23001821 SO CAL SANDBAGS,INC. 1,417.60
APA23001822 SOUTHERN CALIFORNIA EDISON CO. 21,840.99
APA23001823 SPICER CONSULTING GROUP 42,215.84
APA23001824 STAPLES ADVANTAGE 102.21
APA23001825 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,283.00 APA23001826 SUNBELT RENTALS, INC. 717.03
APA23001827 TEAM AUTOAID, INC. 653.40
APA23001828 TEMECULA T-SHIRT PRINTERS 324.18
APA23001829 THE ENTERTAINMENT CONTRACTOR, LLC 5,800.00
APA23001830 TRB AND ASSOCIATES, INC. 2,809.89
APA23001831 TULIPS TROPHIES & TREASURES 897.19
APA23001832 VISTA PAINT CORPORATION 418.91
APA23001833 WALMART COMMUNITY 449.83
APA23001834 WAXIE SANITARY SUPPLY 1,996.37
APA23001835 WEATHERMATIC 15,900.00
APA23001836 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00 APA23001837 WKE, INC. 3,800.92
APA23001838 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 5,716.50 DFT230150 FRONTIER CALIFORNIA - INTERNET 470.18
DFT230151 FRONTIER CALIFORNIA - INTERNET 657.33
DFT230164 FRONTIER CALIFORNIA - INTERNET 460.98
DFT230174 FRANCHISE TAX BOARD 22,197.18
DFT230175 INTERNAL REVENUE SERVICE 105,375.22
DFT230177 NATIONWIDE TRUST COMPANY, FSB 1,456.49
DFT230178 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 806.96 DFT230179 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230180 STATE DISBURSEMENT UNIT 438.46
DFT230181 INTERNAL REVENUE SERVICE 198.50
DFT230182 PAYCHEX OF NEW YORK, LLC 1,194.88
DFT230183 COLONIAL LIFE 130.41
DFT230184 CALPERS 90,554.50
DFT230185 CALPERS 60,465.32
DFT230186 CALPERS 88.16
DFT230187 TASC 2,636.20
Attachment 2 2 OF 3
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
PR11232022 NET PAYROLL 306,023.26
5407 AMERICAN EXPRESS 16,822.38
GRAND TOTAL $ 1,078,770.43
Attachment 2 3 OF 3

Page 1 of 1 ends

Background
The Warrant Report lists all general checks issued since the prior Warrant Report.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
DEC 02, 2022 TO DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 821,439.00
103 THE ANCHOR 3,670.85
110 GAS TAX 7,893.97
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 71,178.01 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 9,431.63 180 LAUNCH POINTE 71,473.57
300 INSURANCE SERVICE 1,685.06
305 INFORMATION SYSTEMS SERVICE 10,976.86
310 SUPPORT SERVICE 2,340.62
315 FLEET SERVICE 25,603.45
320 FACILITIES SERVICE 36,935.01
330 CFD 2015-2S MAINTENANCE SERVICES 277.84
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 1,937.25
500 CAPITAL IMPROVEMENT PLAN 228,917.64
510 SARDA AREA I, II, & III 35,502.00
540 SARDA DIAMOND STADIUM 14,769.53
608 TRUST DEPOSITS 4,165.00
620 COST RECOVERY TRUST DEPOSITS 13,937.00
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,340.52 GRAND TOTAL $ 1,363,474.81
Attachment 1 1 of 1
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001839 ALLEGRA MARKETING PRINT MAIL $ 679.70
APA23001840 ALTA CALIFORNIA GEOTECHNICAL, INC. 9,298.00 APA23001841 AMAZON BUSINESS 605.69
APA23001842 AMERICAN FORENSIC NURSES, INC. 367.32
APA23001843 AMERICAN MATERIAL COMPANY 378.45
APA23001844 ANEEN CONSTRUCTION, INC. 128,303.20
APA23001845 APPLE ONE 1,755.33
APA23001846 AT&T 175.00
APA23001847 AZTECA CLEANING SERVICES LLC 11,032.08
APA23001848 BALDERAS, MAYRA 500.00
APA23001849 BANK OF AMERICA (3151) 2,795.18
APA23001850 BANK OF AMERICA (6876) 795.82
APA23001851 BANK OF AMERICA (8926) 50.00
APA23001852 BANK OF AMERICA (9570) 221.47
APA23001853 BIO-TOX LABORATORIES 2,223.38
APA23001854 BLACK TIE LAUNDRY 68.00
APA23001855 BMW MOTORCYCLES OF RIVERSIDE 261.25
APA23001856 BMW MOTORCYCLES OF RIVERSIDE 1,096.98
APA23001857 BMW MOTORCYCLES OF RIVERSIDE 707.88
APA23001858 BMW MOTORCYCLES OF RIVERSIDE 294.67
APA23001859 BMW MOTORCYCLES OF RIVERSIDE 453.96
APA23001860 BMW MOTORCYCLES OF RIVERSIDE 794.59
APA23001861 BMW MOTORCYCLES OF TEMECULA - SO CAL 718.88 APA23001862 CALIFORNIA JPIA 1,125.00
APA23001863 CASTANEDA, FRANCISCO 500.00
APA23001864 CDW GOVERNMENT, INC. 190.84
APA23001865 CED LAGUNA 2,689.65
APA23001866 CENTURY COMMUNITIES 13,937.00
APA23001867 CENTURY LINK 49.77
APA23001868 CHARTER COMMUNICATIONS 999.00
APA23001869 CHARTER COMMUNICATIONS 28.34
APA23001870 CINTAS CORPORATION NO. 2 215.97
APA23001871 CM WASH EQUIPMENT 4,054.96
APA23001872 CORODATA RECORDS MANAGEMENT, INC. 130.14
APA23001873 CREATIVE INDUSTRIES MEDIA GROUP 1,798.50
APA23001874 DAVID EVANS AND ASSOCIATES, INC. 32,251.54
APA23001875 DISCOUNT HAULING & CLEANUP SERVICE 6,020.00 APA23001876 DOWNS ENERGY 5,090.13
APA23001877 ENDRESEN DEVELOPMENT, INC. 26,000.00
APA23001878 ENGINEERING RESOURCES OF SO CA 15,927.70
APA23001879 EVMWD 20,058.38
APA23001880 EXCEL LANDSCAPE, INC. 16,275.00
APA23001881 FEDERAL EXPRESS CORPORATION 34.06
APA23001882 FORENSIC NURSES OF SOCAL, INC. 800.00
Attachment 2 1 OF 3
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001883 FRONTIER CALIFORNIA, INC. 112.92
APA23001884 FRONTIER CALIFORNIA, INC. 116.71
APA23001885 FRONTIER CALIFORNIA, INC. 57.28
APA23001886 GOTO TECHNOLOGIES USA, INC. 2,937.00
APA23001887 HAZZARD BACKFLOW, INC. 4,550.00
APA23001888 HDR ENGINEERING, INC. 9,880.60
APA23001889 HEMET FENCE CORP 10,300.00
APA23001890 HEYDAY 1,820.00
APA23001891 HIT PRINT, INC. 31,060.26
APA23001892 HUNSAKER & ASSOCIATES IRVINE, INC. 4,657.50 APA23001893 INNOVATIVE DOCUMENT SOLUTIONS 2,035.75
APA23001894 JIMENEZ, GLORIA 165.00
APA23001895 JIMNI SYSTEMS, INC. 920.00
APA23001896 LAKE AUTO & SMOG 648.00
APA23001897 LAKE ELSINORE STORM, LP 35,502.00
APA23001898 LAND IQ, LLC 3,011.25
APA23001899 LIUNA LOCAL 777 732.00
APA23001900 LOR GEOTECHNICAL GROUP 420.00
APA23001901 LOWE'S 6,265.47
APA23001902 MISSION SQUARE RETIREMENT #302208 398.88
APA23001903 MISSION SQUARE RETIREMENT #302208 14,102.11 APA23001904 MOTOPORT USA 3,728.98
APA23001905 MURRAY, PRINCESS 1,000.00
APA23001906 MURRIETA LOCK & SAFE, INC. 442.36
APA23001907 PRUDENTIAL OVERALL SUPPLY 417.66
APA23001908 PVP COMMUNICATIONS, INC. 961.08
APA23001909 QUADIENT FINANCE USA, INC. 304.87
APA23001910 QUINN COMPANY 10,125.84
APA23001911 REGIONAL CONSERVATION AUTHORITY 173,386.42
APA23001912 REGIONAL FIRST AID, INC. 789.76
APA23001913 RENTERIA, YARABITH BUENFIL 903.75
APA23001914 RIGHTWAY SITE SERVICES, INC. 425.00
APA23001915 SECURITAS SECURITY SERVICES USA, INC. 3,133.84 APA23001916 SHRED-IT USA, LLC 171.20
APA23001917 SKYDIVE ELSINORE 1,000.00
APA23001918 SONSRAY MACHINERY, LLC 7,753.89
APA23001919 SOUTHERN CALIFORNIA EDISON CO. 61,979.60
APA23001920 SOUTHERN CALIFORNIA GAS CO. 224.76
APA23001921 SPICER CONSULTING GROUP 1,710.00
APA23001922 STANG INDUSTRIES, INC. 1,000.00
APA23001923 STAUFFER LAWN EQUIPMENT 135.89
APA23001924 STENO SOLUTIONS TRANSCRIPTION SERVICES, INC, 27.81 APA23001925 SUNBELT RENTALS, INC. 208.50
APA23001926 TEAM AUTOAID, INC. 497.25
Attachment 2 2 OF 3
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001927 TEMECULA MOTORSPORTS 78.21
APA23001928 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 7,500.00 APA23001929 THOMSON REUTERS - WEST PUBLISHING CORP. 461.60 APA23001930 TRENCH SHORING COMPANY 94.80
APA23001931 TRI-STAR ELECTRIC 1,350.00
APA23001932 VERIZON WIRELESS (#13) 204.36
APA23001933 WEST COAST ARBORISTS, INC. 29,409.00
APA23001934 WESTERN RIVERSIDE COUNCIL OF GOVT'S 171,768.00 DFT230188 DISH 137.19
DFT230190 STATE DISBURSEMENT UNIT 438.46
DFT230191 PAYCHEX OF NEW YORK, LLC 550.00
DFT230192 INTERNAL REVENUE SERVICE 198.50
DFT230193 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230194 PAYCHEX OF NEW YORK, LLC 1,116.69
DFT230195 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 813.89 DFT230196 NATIONWIDE TRUST COMPANY, FSB 1,488.82
DFT230197 INTERNAL REVENUE SERVICE 94,062.83
DFT230198 FRANCHISE TAX BOARD 19,986.24
DFT230199 WILMINGTON TRUST, NATIONAL ASSOCIATION 1,937.25 DFT230200 TASC 2,636.20
PR12082022 NET PAYROLL 283,609.77
5407 AK SECURITY ALARM LLC 33,709.00
GRAND TOTAL $ 1,363,474.81
Attachment 2 3 OF 3

Page 1 of 1 ends

Background
The Warrant Report lists all general checks issued since the prior Warrant Report.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
DEC 09, 2022 TO DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 236,123.00
103 THE ANCHOR 1,153.94
105 MISC. GENERAL PROJECTS 3,093.75
110 GAS TAX 4,239.49
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 14,754.49 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 1,610.58 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 26,498.00 180 LAUNCH POINTE 16,539.77
300 INSURANCE SERVICE 305.60
305 INFORMATION SYSTEMS SERVICE 7,803.40
310 SUPPORT SERVICE 600.30
315 FLEET SERVICE 6,749.00
320 FACILITIES SERVICE 7,284.09
500 CAPITAL IMPROVEMENT PLAN 451,112.80
606 AB2766 AIR POLUTION REDUCTION 6,000.00
620 COST RECOVERY TRUST DEPOSITS 300.00
GRAND TOTAL $ 784,168.21
Attachment 1 1 of 1
DEC 09, 2022 to DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001935 ABOVE ALL NAMES CONSTRUCTION, INC. $ 101,560.00 APA23001936 ACTION GAS & WELDING SUPPLY 78.84
APA23001937 ADAMS STREETER CIVIL ENGINEERS, INC. 412.50 APA23001938 ALL AMERICAN ASPHALT 20,760.06
APA23001939 AMAZON BUSINESS 2,684.90
APA23001940 ANDERSON CHEVROLET 73.62
APA23001941 BEACON ATHLETICS 3,833.74
APA23001942 BLACK TIE LAUNDRY 11.20
APA23001943 BLAIS & ASSOCIATES, INC. 3,093.75
APA23001944 BRINKS INCORPORATED 642.32
APA23001945 CALIFORNIA, DEPARTMENT OF JUSTICE 96.00
APA23001946 CHEN RYAN ASSOCIATES, INC. 38,563.05
APA23001947 CM WASH EQUIPMENT 1,635.98
APA23001948 DAVID EVANS AND ASSOCIATES, INC. 1,058.18
APA23001949 DEPARTMENT OF MOTOR VEHICLES 301.00
APA23001950 DIRECTV 154.99
APA23001951 DISCOUNT HAULING & CLEANUP SERVICE 8,786.00 APA23001952 DOWNS ENERGY 4,389.65
APA23001953 ENDRESEN DEVELOPMENT, INC. 137,899.24
APA23001954 ENGINEERING RESOURCES OF SO CA 25,432.17
APA23001955 EVMWD 12,036.91
APA23001956 EXCEL LANDSCAPE, INC. 712.30
APA23001957 FERGUSON 20.97
APA23001958 FRONTIER CALIFORNIA - INTERNET 904.00
APA23001959 FRONTIER CALIFORNIA, INC. 280.06
APA23001960 GREAT AMERICA FINANCIAL SERVICES 600.30
APA23001961 GREENFIELDS OUTDOOR FITNESS, INC. 75,700.85 APA23001962 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 2,637.49 APA23001963 HDR ENGINEERING, INC. 19,559.88
APA23001964 HEMET FENCE CORP 42,000.00
APA23001965 HI-WAY SAFETY, INC. 1,925.42
APA23001966 INLAND URGENT CARE,MEDICAL CORP 240.00
APA23001967 INTERWEST CONSULTING GROUP, INC. 2,121.49
APA23001968 KJ SERVICES ENVIRONMENTAL CONSULTING 1,677.78 APA23001969 KPA SERVICES, LLC 972.00
APA23001970 LAKE AUTO & SMOG 150.00
APA23001971 LAKE ELSINORE TIRE & AUTO, INC. 940.84
APA23001972 MAUREEN KANE & ASSOCIATES, INC. 1,500.00
APA23001973 MILLENNIUM ALARM SYSTEMS, INC. 1,185.00
APA23001974 MURRIETA LOCK & SAFE, INC. 230.60
APA23001975 O'REILLY AUTO STORES INC/FIRST CALL 460.62
APA23001976 PRECISION CONCRETE CUTTING 30,233.50
APA23001977 PRESS-ENTERPRISE, THE 1,972.09
APA23001978 PRUDENTIAL OVERALL SUPPLY 417.66
Attachment 2 1 OF 2
DEC 09, 2022 to DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001979 READYREFRESH 631.72
APA23001980 RIGHTWAY SITE SERVICES, INC. 3,650.25
APA23001981 ROLYAN BUOYS 26,186.39
APA23001982 RP LANDSCAPE & IRRIGATION 68,485.27
APA23001983 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23001984 SERVICE FIRST 3,545.00
APA23001985 SKYLINE SAFETY AND SUPPLY 912.85
APA23001986 SOUTHERN CALIFORNIA EDISON CO. 9,218.51
APA23001987 SOUTHERN CALIFORNIA GAS CO. 2,298.32
APA23001988 SOUTHWEST ICE MACHINES 146.81
APA23001989 STAPLES ADVANTAGE 201.47
APA23001990 STATE WATER RESOURCES CONTROL BOARD 26,498.00 APA23001991 STAUFFER LAWN EQUIPMENT 135.35
APA23001992 SUNBELT RENTALS, INC. 2,259.41
APA23001993 TEAM AUTOAID, INC. 178.19
APA23001994 TINT SOLUTIONS 1,000.00
APA23001995 VERIZON WIRELESS (#1) 2,878.65
APA23001996 VERIZON WIRELESS (#2) 3,682.80
APA23001997 VULCAN MATERIALS COMPANY 1,765.89
APA23001998 WESTERN RIVERSIDE COUNCIL OF GOVT'S 10,000.00 APA23001999 WILLDAN 2,229.13
APA23002000 YUNEX, LLC 927.50
DFT230189 CHARTER COMMUNICATIONS 29.99
DFT230201 CALPERS 59,912.30
DFT230202 CALPERS 200.00
5408 AK SECURITY ALARM LLC 3,227.99
143206 PETTY CASH - CITY OF LAKE ELSINORE 888.67
GRAND TOTAL $ 784,168.21
Attachment 2 2 OF 2

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 10, 2023
Subject: CC Investment Report for November 2022
Recommendation
Receive and file the Investment Report for November 2022.

Discussion
The Investment Report is a listing of all funds invested for the City as of the date shown on the report.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- Investment Report for November 2022

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 3,303,955 $ 405,490 $ (21,893) $ 3,687,551 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 3,303,955 405,490 (21,893) 3,689,851

INVESTMENTS
Local Agency Investment Funds 69,692,247 - - 69,692,247 CAMP Investments:

CAMP Pool Account - 53,692 - 53,692
U.S. Treasury Bond / Note 12,121,987 - - 12,121,987
Supra-National Agency Bond / Note - 1,377,948 - 1,377,948 Municipal Bond / Note 1,336,023 - - 1,336,023
Federal Agency Commercial Mortgage-Backed Security - 267,936 - 267,936 Federal Agency Bond / Note 5,161,605 - - 5,161,605
Corporate Note 8,643,030 - - 8,643,030
Certificate of Deposit 1,150,000 - - 1,150,000
Asset-Backed Security 2,254,187 - - 2,254,187
Sub-total Investments 102,058,655 - - 102,058,655
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2022 (3,763,096) - - (3,763,096) Total Investments 98,295,559 - - 98,295,559
Total Pooled Cash and Investments 101,599,513 $ 405,490 $ (21,893) $ 101,985,409 $ TOTAL POOLED CASH AND INVESTMENTS $ 101,985,409
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 28, 2022. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson December 22, 2022
City Manager Date

C I T Y O F L A K E E L S I N O R E

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF November 30, 2022

FUND NO FUND NAME AMOUNT
100 General 9,639,705 $
102 Measure Z 17,420,658
106 Affordable Housing In Lieu 599,503
107 Developer Agreement Revenue 59,032
108 American Rescue Plan 9,824,046
109 Road Maintenance and Rehabilitation (SB1) 782,067
110 State Gas Tax 721,936
112 Measure A 1,401,710
114 SB1186 CASP Education Program 48,516
115 Traffic Safety 8,998
116 City Hall-Public Works DIF 16,221
117 Community Center DIF 130,961
118 Lake Side Facility DIF 227,866
119 Animal Shelter DIF 10,780
135 Lighting & Landscape Maintenance - Dist. No. 1 591,387 140 Geothermal 11,492
160 PEG Grant 71,851
180 Launch Pointe 1,704,130
202 La Strada RBBD 23,438
203 E.L.S.P. - S.T.I.F. 3,305,121
205 Traffic Impact Fee 293,939
211 Storm Drain C.I.P. 3,013,297
221 Quimby Park C.I.P. 63,557
231 Library C.I.P. 1,292,108
232 City Fire Protection 526,927
300 Insurance Service 1,386,733
305 Information Systems Service 2,751,910
310 Support Service 21,400
315 Fleet Service 471,199
320 Facilities Service 2,145,738
337 CFD 2016-2 Canyon Hills 4,420
346 CFD 2014-1 Southshore 66,800
354 CFD 90-2 Tuscany Hills 10,070
361 CFD 2022-2 Lakeshore Improvement 13,266
363 CFD 2022-3 Lakeside 39,869
366 CFD 2005-6 City Center Townhomes 3,318
368 CFD 2006-2 Viscaya 8,879
377 CFD 2006-6 Tessara 5,093
378 CFD 2006-8 Running Deer Estates 5,925
384 CFD 2003-2 Area B Canyon Hills Improvement Area 481

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF November 30, 2022

FUND NO FUND NAME AMOUNT

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF November 30, 2022
388 CFD 2007-6 Holiday Inn Express 12
389 CFD 88-3 (2008A) West Lake Elsinore Series A 2,306
395 CFD 2018-1 Wasson Canyon II Improvement Area 2,636
500 Capital Improvement Plan 9,236,465
540 Successor To RDA Diamond Stadium 1,890,833
603 Endowment Trust - Carl Graves 56,794
604 Endowment Trust - Korn Memorial 33,022
605 Public Improvement Trust 1,642,865
606 Mobile Source Air Polution Reduction 211,985
608 Trust Deposit & Pre Paid Expense 1,506,666
617 Successor Agency Housing 22,296,713
620 Cost Recovery System 5,911,745
631 Lake Destratification Equipment Replacement 453,751 655 CFD 2015-1s Law, Fire, Paramedic Services 15,267
Total Pooled Cash & Investments $ 101,985,409

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.05% 53,692 $
U.S. Treasury Bond / Note Unlimited 11.88% 12,121,987 $ Supra-National Agency Bond / Note 30% 1.35% 1,377,948 $ Municipal Bond / Note Unlimited 1.31% 1,336,023 $
Federal Agency Collaterized Mortgage Obligation 40% 0.26% 267,936 $ Federal Agency Bond / Note Unlimited 5.06% (1) $ 5,161,605 Corporate Note 30% 8.47% 8,643,030 $
Negotiable Certificates of Deposit 30% 1.13% 1,150,000 $ Asset-Backed Security / Collaterized Mortgage 20% 2.21% 2,254,187 $ LAIF (Local Agency Investment Funds) $150 Million 68.29% (2) $ 69,692,247 TOTAL 100.00% 102,058 $ ,655
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.

C I T Y O F L A K E E L S I N O R E

SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING November 30, 2022
Local Agency Investment Fund
November 2.007
October 1.772
September 1.513
PMIA Quarter to Date(1): 1.29%
PMIA Average Life 304 (1):

LAIF Apportionment Rate 1.35 (2):

0.00003699565555327

0.980760962
LAIF Earnings Ratio(2):

LAIF Fair Value Factor(1):

PMIA Daily(1): 1.63%
Treasuries

66.57%
Agencies

19.19%
Certificates of
Deposit/Bank Notes

6.51%
Time
Deposits

2.30%
Commercial
Paper

5.02%
Corporate
Bonds

0.24%
Loans

0.17%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).

Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 12/07/22
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/22
Chart does not include $3,715,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/22
$215.3 billion
Yield Purchase Date Maturity Rate

2.007% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ (2,000,000) 71,692,247 $ 69,692,247 $ Note:

Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained.

C I T Y O F L A K E E L S I N O R E

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING November 30, 2022
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
34,554.95
993,446.45
(974,309.86)

0.00 $53,691.54
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 143.55
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
29,922,662.30
723,773.44
(719,774.70)
296,832.09
$30,223,493.13
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income (25,811.89)
November 30, 2022 October 31, 2022
Asset Summary
CAMP Pool 53,691.54 34,554.95
CAMP Managed Account 30,223,493.13 29,922,662.30
Total $30,277,184.67 $29,957,217.25
Asset Allocation

0.18%
CAMP Pool

99.82%
CAMP Managed
Account

Page 1 ends

Managed Account Summary Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$34,554.95
993,446.45
(974,309.86)
$53,691.54
143.55
$29,922,662.30
(1,567.66)
(718,207.04)
723,773.44

0.00 296,832.09
$30,223,493.13
$29,957,217.25
$30,277,184.67
33,547.73
(2,820.65)
(56,538.97)
($25,811.89)

0.00 965,051.64
26,683.60
1,567.66
(971,555.65)
(21,747.25)

0.00 Managed Account Total
32,174,266.31 32,227,957.85
111,146.54
723,359.21
1,567.66
26,683.60
(726,594.09)
(32,202,912.82)
(102,288.62)

0.00 111,146.54
1,697,669.07
1,567.66
26,683.60
(1,720,040.54)
(32,237,467.77)
(102,288.62)
143.55
Total Accrual Basis Earnings $5,227.79 $5,371.34
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00

Page 2 ends

Portfolio Summary and Statistics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 12,400,000.00 11,289,976.65 37.29 Supra-National Agency Bond / Note 1,380,000.00 1,310,329.87 4.33 Municipal Bond / Note 1,335,000.00 1,218,297.25 4.02
Federal Agency Commercial
Mortgage-Backed Security
255,553.39 247,495.93 0.82
Federal Agency Bond / Note 5,175,000.00 4,805,606.13 15.87 Corporate Note 8,490,000.00 8,026,652.07 26.51
Certificate of Deposit 1,150,000.00 1,150,360.05 3.80
Asset-Backed Security 2,254,474.21 2,174,775.18 7.18
Managed Account Sub-Total 32,440,027.60 30,223,493.13 99.82% Accrued Interest 111,146.54
Total Portfolio 32,440,027.60 30,334,639.67
CAMP Pool 53,691.54 53,691.54 0.18
Total Investments 32,493,719.14 30,388,331.21 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

7.18%
ABS

3.80%
Cert of Deposit

26.51%
Corporate Note

15.87%
Fed Agy Bond /
Note

0.82%
Federal Agency
Commercial
Mortgage-Backed
Security

0.18%
Joint Powers
Authority

4.02%
Muni Bond / Note

4.33%
Supra-National
Agency Bond / Note

37.29%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

1.79%

7.64%

14.19%

40.79%

29.09%

6.50%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 952

1.57%

4.35%

Page 3 ends

Managed Account Issuer Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)

5.78%
A

1.96%
A+

8.62%
A0.81%
A-2

6.07%
AA

57.06%
AA+

3.79%
AA11.22%
AAA

0.18%
AAAm

3.53%
BBB+

0.98%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
ABBOTT LABORATORIES 220,696.20 0.73
AMAZON.COM INC 435,167.45 1.44
AMERICAN EXPRESS CO 75,429.52 0.25
AMERICAN HONDA FINANCE 383,785.20 1.27
APPLE INC 508,530.55 1.68
BANK OF AMERICA CO 427,872.38 1.41
BERKSHIRE HATHAWAY INC 441,614.63 1.46
BMW FINANCIAL SERVICES NA LLC 218,878.91 0.72
CALIFORNIA STATE UNIVERSITY 75,860.80 0.25
CAMP Pool 53,691.54 0.18
CAPITAL ONE FINANCIAL CORP 245,777.64 0.81
CARMAX AUTO OWNER TRUST 309,159.22 1.02
CATERPILLAR INC 201,954.15 0.67
CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 96,015.00 0.32 CHARLES SCHWAB 99,628.10 0.33
CINTAS CORPORATION NO. 2 63,207.37 0.21
CITIGROUP INC 217,977.30 0.72
CREDIT SUISSE GROUP RK 246,693.00 0.81
DEERE & COMPANY 93,224.30 0.31
DISCOVER FINANCIAL SERVICES 179,256.38 0.59
FANNIE MAE 1,531,570.65 5.06
FEDERAL HOME LOAN BANKS 455,192.25 1.50
FLORIDA STATE BOARD OF ADMIN FIN CORP 278,804.70 0.92
FREDDIE MAC 3,066,339.16 10.12
GENERAL DYNAMICS CORP 219,851.78 0.73
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 352,915.76 1.17
GM FINANCIAL LEASINGTRUST 116,716.09 0.39
GOLDMAN SACHS GROUP INC 394,030.40 1.30
HOME DEPOT INC 24,041.53 0.08
HONDA AUTO RECEIVABLES 94,516.27 0.31
HYUNDAI AUTO RECEIVABLES 146,857.06 0.49
IBM CORP 221,259.15 0.73

Page 4 ends

Managed Account Issuer Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
INTER-AMERICAN DEVELOPMENT BANK 590,591.28 1.95
INTL BANK OF RECONSTRUCTION AND DEV 719,738.59 2.38
JP MORGAN CHASE & CO 457,688.32 1.51
LOS ANGELES COMMUNITY COLLEGE DISTRICT 126,974.40 0.42
MORGAN STANLEY 393,345.20 1.30
NATIONAL AUSTRALIA BANK LTD 242,593.75 0.80
NATIONAL RURAL UTILITIES CO FINANCE CORP 48,253.40 0.16 NEW YORK ST URBAN DEVELOPMENT CORP 297,999.00 0.98
NISSAN AUTO RECEIVABLES 418,952.87 1.38
NORDEA BANK ABP 453,730.50 1.50
PACCAR FINANCIAL CORP 165,265.80 0.55
PNC FINANCIAL SERVICES GROUP 393,689.20 1.30
Roche Holding AG 388,709.93 1.28
SAN JUAN UNIFIED SCHOOL DISTRICT 118,025.70 0.39
STATE OF CONNECTICUT 57,633.00 0.19
STATE OF MINNESOTA 90,341.00 0.30
TARGET CORP 36,617.08 0.12
THE BANK OF NEW YORK MELLON CORPORATION 625,821.78 2.07 THE WALT DISNEY CORPORATION 380,259.60 1.26
TORONTO-DOMINION BANK 449,936.55 1.49
TOYOTA MOTOR CORP 537,403.88 1.77
UNITED STATES TREASURY 11,289,976.65 37.28
UNITEDHEALTH GROUP INC 202,837.05 0.67
UNIVERSITY OF CALIFORNIA 76,643.65 0.25
USAA CAPITAL CORP 217,642.05 0.72
Total $30,277,184.67 100.00%

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 75,000.00 AA+ Aaa 01/02/20 01/07/20 76,104.49 1.66 627.72 75,389.54 72,082.04

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 325,000.00 AA+ Aaa 02/03/20 02/07/20 333,823.24 1.36 2,720.11 328,171.97 312,355.48

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 500,000.00 AA+ Aaa 03/02/20 03/06/20 524,355.47 0.85 4,184.78 508,911.29 480,546.90

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 500,000.00 AA+ Aaa 08/05/20 08/07/20 534,414.06 0.18 3,661.68 516,296.89 474,609.40

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 2,000,000.00 AA+ Aaa 07/01/20 07/06/20 2,130,625.00 0.28 14,646.74 2,060,650.17 1,898,437.60

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 250,000.00 AA+ Aaa 04/01/21 04/05/21 245,156.25 0.72 261.55 247,050.54 226,601.55

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 450,000.00 AA+ Aaa 03/01/21 03/04/21 443,654.30 0.58 470.79 446,214.28 407,882.79

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 150,000.00 AA+ Aaa 07/01/21 07/07/21 147,052.73 0.82 235.39 147,973.98 134,273.43

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 06/02/21 06/07/21 344,859.38 0.70 549.25 346,529.77 313,304.67

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 400,000.00 AA+ Aaa 12/02/21 12/06/21 387,968.75 1.13 627.72 390,883.45 358,062.48

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 450,000.00 AA+ Aaa 08/03/21 08/05/21 446,167.97 0.57 706.18 447,318.29 402,820.29

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 650,000.00 AA+ Aaa 11/02/21 11/04/21 632,251.95 1.05 1,020.04 636,835.11 581,851.53

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 825,000.00 AA+ Aaa 09/01/21 09/07/21 814,236.33 0.68 1,294.67 817,309.71 738,503.87

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 02/10/22 02/14/22 71,458.01 1.92 48.17 72,126.75 67,207.04

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 950,000.00 AA+ Aaa 01/04/22 01/06/22 926,843.75 1.33 610.15 931,680.83 851,289.11

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 09/01/22 09/06/22 179,007.81 3.53 417.80 180,275.60 177,187.50

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 05/03/22 05/05/22 226,250.00 3.03 522.25 229,471.90 221,484.38

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 08/01/22 08/04/22 690,468.75 2.74 1,566.75 695,330.95 664,453.12

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 07/05/22 07/08/22 732,343.75 2.84 1,671.20 738,999.96 708,750.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 06/02/22 06/06/22 819,035.16 2.94 1,880.10 828,541.59 797,343.75

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 08/08/22 08/15/22 819,562.50 3.04 1,880.10 825,570.28 797,343.75

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 300,000.00 AA+ Aaa 11/01/22 11/04/22 273,773.44 4.39 265.20 274,254.50 278,578.14

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 350,000.00 AA+ Aaa 10/05/22 10/11/22 322,574.22 4.10 309.39 323,509.19 325,007.83 Security Type Sub-Total 12,400,000.00 12,121,987.31 1.57 40,177.73 12,069,296.54 11,289,976.65 Supra-National Agency Bond / Note

INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
459058JV6 245,000.00 AAA Aaa 04/13/21 04/20/21 244,492.85 0.23 34.88 244,902.74 240,867.59

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 500,000.00 AAA Aaa 11/17/20 11/24/20 498,925.00 0.32 24.31 499,648.54 478,871.00

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 635,000.00 AAA Aaa 09/15/21 09/23/21 634,530.10 0.52 599.72 634,716.17 590,591.28 Security Type Sub-Total 1,380,000.00 1,377,947.95 0.40 658.91 1,379,267.45 1,310,329.87

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 499.50 60,000.00 57,633.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/06/19 12/05/19 100,000.00 2.10 700.33 100,000.00 96,015.00

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 AA+ NR 12/16/20 12/23/20 325,000.00 0.87 596.92 325,000.00 297,999.00

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 07/10/20 07/16/20 85,000.00 0.88 33.36 85,000.00 76,643.65

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 09/03/20 09/16/20 65,459.55 1.11 340.71 65,247.77 58,459.05

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 09/03/20 09/16/20 85,563.55 1.12 445.54 85,303.85 76,446.45

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 09/03/20 09/16/20 160,000.00 1.26 838.67 160,000.00 143,899.20

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 08/11/20 08/25/20 100,000.00 0.63 210.00 100,000.00 90,341.00

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/20 10/29/20 130,000.00 0.85 369.20 130,000.00 118,025.70

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/20 11/10/20 140,000.00 0.77 360.73 140,000.00 126,974.40

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 07/09/21 07/29/21 85,000.00 0.86 61.06 85,000.00 75,860.80 Security Type Sub-Total 1,335,000.00 1,336,023.10 1.06 4,456.02 1,335,551.62 1,218,297.25 Federal Agency Commercial Mortgage-Backed Security
FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
3137FKK39 5,553.39 AA+ Aaa 12/07/18 12/17/18 5,553.37 3.20 14.82 5,553.39 5,527.37 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+ Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 255,287.29 241,968.56

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
Security Type Sub-Total 255,553.39 267,936.18 1.98 652.74 260,840.68 247,495.93 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 375,000.00 AA+ Aaa 09/02/20 09/04/20 375,068.48 0.24 216.15 375,017.51 362,254.50

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 525,000.00 AA+ Aaa 09/02/20 09/04/20 524,826.75 0.26 302.60 524,955.70 507,156.30

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 325,000.00 AA+ Aaa 10/14/20 10/16/20 323,787.75 0.25 50.78 324,646.84 312,126.75

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 350,000.00 AA+ Aaa 11/03/20 11/05/20 349,685.00 0.28 60.76 349,902.28 335,608.00

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 325,000.00 AA+ Aaa 11/23/20 11/25/20 324,629.50 0.29 9.03 324,878.08 310,818.30

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 300,000.00 AA+ Aaa 12/02/20 12/04/20 299,703.00 0.28 368.75 299,900.19 287,077.20

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 350,000.00 AA+ Aaa 04/15/20 04/16/20 348,264.00 0.60 228.47 349,176.73 319,959.15

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 350,000.00 AA+ Aaa 04/22/20 04/24/20 349,279.00 0.67 236.98 349,654.92 320,674.90

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 07/21/20 07/23/20 422,883.50 0.48 575.52 423,882.57 384,775.88

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 08/25/20 08/27/20 348,362.00 0.47 350.00 349,103.77 315,838.60

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 09/10/20 09/11/20 149,550.00 0.44 135.94 149,750.63 135,233.10

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 09/23/20 09/25/20 697,893.00 0.44 495.83 698,813.66 629,844.60

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/09/20 11/12/20 647,673.00 0.57 216.67 648,630.12 584,238.85 Security Type Sub-Total 5,175,000.00 5,161,604.98 0.41 3,247.48 5,168,313.00 4,805,606.13 Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7 400,000.00 A- A3 02/12/19 02/15/19 402,848.00 3.34 4,977.78 400,622.00 393,689.20

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A A2 03/16/21 03/18/21 104,947.50 0.77 159.69 104,977.34 99,628.10

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 102.08 209,895.03 197,737.05

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 07/19/19 07/23/19 422,916.00 2.59 1,377.78 406,774.82 393,345.20

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 07/11/19 07/15/19 398,016.00 2.51 4,106.67 399,370.47 383,785.20

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 07/08/19 07/11/19 418,632.00 2.84 6,117.22 405,311.14 394,030.40

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 158.96 69,996.44 65,357.53

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 BBB+ A2 09/03/19 09/06/19 398,368.00 1.84 1,769.44 399,427.90 380,259.60

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
24422EVU0 100,000.00 A A2 09/07/21 09/10/21 99,935.00 0.65 140.63 99,961.51 93,224.30

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/20 10/29/20 182,894.25 0.73 1,006.25 179,035.63 165,265.80

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 03/01/22 03/04/22 79,919.20 2.29 435.00 79,939.25 75,429.52

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 03/03/22 03/10/22 410,000.00 2.13 1,966.77 410,000.00 388,709.93

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 03/24/22 03/28/22 24,956.25 2.76 86.25 24,965.99 24,041.53

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7 225,000.00 BBB+ A3 08/28/20 09/01/20 249,738.75 0.88 701.25 237,784.36 217,977.30 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 04/26/22 05/03/22 64,985.70 3.46 186.88 64,988.47 63,207.37

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 632.81 224,394.09 217,642.05

APPLE INC (CALLABLE) CORP NOTES
DTD 05/11/2020 1.125% 05/11/2025
037833DT4 550,000.00 AA+ Aaa 05/11/20 05/13/20 551,105.50 1.08 343.75 550,531.18 508,530.55

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/20 10/20/20 252,247.50 0.80 350.00 239,157.85 219,851.78

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 05/24/21 06/01/21 315,000.00 0.82 1,297.80 315,000.00 293,005.44

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 06/03/20 06/05/20 474,767.25 0.81 1,878.89 474,883.24 435,167.45

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 05/31/22 06/09/22 250,000.00 3.50 4,180.56 250,000.00 242,593.75

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 991.88 49,989.00 48,253.40

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/30/2022 3.950% 06/30/2025
89236TKC8 100,000.00 A+ A1 06/27/22 06/30/22 99,905.00 3.98 1,656.81 99,918.35 98,287.80

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 07/20/22 07/27/22 225,000.00 4.00 3,100.00 225,000.00 221,259.15

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A2 08/18/20 08/20/20 256,918.50 0.93 2,906.25 242,204.55 221,775.75

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- A1 09/24/20 09/28/20 257,845.50 0.86 1,840.63 242,691.91 220,696.20

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A2 12/01/21 12/06/21 225,000.00 1.53 1,673.44 225,000.00 206,096.63

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 02/16/22 02/24/22 175,000.00 2.60 1,223.61 175,000.00 164,682.88

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A3 05/17/21 05/19/21 224,608.50 1.19 115.00 224,729.04 202,837.05

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/18/2021 1.125% 06/18/2026
89236TJK2 145,000.00 A+ A1 09/08/21 09/13/21 144,678.10 1.17 738.59 144,760.29 128,492.19

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 662.33 174,961.10 153,521.38

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 1,519.38 224,064.67 201,954.15

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 294.67 39,943.64 36,617.08

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 3,381.08 474,122.98 428,084.73

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 2,306.39 467,354.32 441,614.63 Security Type Sub-Total 8,490,000.00 8,643,030.00 1.95 54,386.52 8,556,756.56 8,026,652.07 Certificate of Deposit

CREDIT SUISSE NEW YORK CERT DEPOS
DTD 03/23/2021 0.590% 03/17/2023
22552G3C2 250,000.00 A-2 P-2 03/19/21 03/23/21 250,000.00 0.59 1,061.18 250,000.00 246,693.00

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 2,170.00 450,000.00 449,936.55

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/02/22 11/03/22 450,000.00 5.53 1,935.50 450,000.00 453,730.50 Security Type Sub-Total 1,150,000.00 1,150,000.00 4.49 5,166.68 1,150,000.00 1,150,360.05 Asset-Backed Security
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 85,000.00 NR Aaa 02/17/21 02/24/21 84,987.17 0.33 8.57 84,992.85 83,072.34 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 35,000.00 AAA NR 05/18/21 05/26/21 34,997.05 0.41 4.38 34,998.17 33,643.75

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 74,474.21 AAA NR 04/20/21 04/28/21 74,466.38 0.38 12.58 74,469.23 71,792.16 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 295,000.00 AAA Aaa 06/15/21 06/23/21 294,995.01 0.33 43.27 294,996.68 280,734.10 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 325,000.00 AAA NR 06/08/21 06/14/21 324,965.00 0.26 37.56 324,976.58 310,623.89 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 100,000.00 NR Aaa 11/16/21 11/24/21 99,978.92 0.89 24.44 99,984.08 94,516.27 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 110,000.00 AAA NR 04/13/21 04/21/21 109,976.30 0.52 25.42 109,984.22 105,471.23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 80,000.00 AAA NR 11/09/21 11/17/21 79,982.14 0.75 26.31 79,986.27 75,064.90 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 09/20/21 09/27/21 194,958.25 0.58 50.27 194,968.15 179,256.38 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 85,000.00 AAA Aaa 10/13/21 10/21/21 84,997.83 0.68 24.08 84,998.32 79,641.71 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 07/12/22 07/20/22 209,995.04 3.97 370.53 209,995.42 203,687.99 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 09/20/22 09/28/22 139,971.03 4.46 277.51 139,972.13 138,218.77 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/04/22 10/12/22 274,954.93 4.82 552.29 274,956.20 273,274.05 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/22 11/03/22 244,961.56 4.95 943.25 244,962.16 245,777.64 Security Type Sub-Total 2,254,474.21 2,254,186.61 2.10 2,400.46 2,254,240.46 2,174,775.18 Managed Account Sub-Total 32,440,027.60 32,312,716.13 1.57 111,146.54 32,174,266.31 30,223,493.13 Joint Powers Authority

Page 14 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Joint Powers Authority
CAMP Pool 53,691.54 AAAm NR 53,691.54 0.00 53,691.54 53,691.54 Liquid Sub-Total 53,691.54 53,691.54 0.00 53,691.54 53,691.54 $32,493,719.14 $32,366,407.67 1.57% $111,146.54 $32,227,957.85 $30,277,184.67 $30,388,331.21
$111,146.54
Total Investments
Accrued Interest
Securities Sub-Total

Page 15 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 912828XX3 75,000.00 HSBC 96.11 72,082.04 (4,022.45) (3,307.50) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828XX3 325,000.00 HSBC 96.11 312,355.48 (21,467.76) (15,816.49) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828XX3 500,000.00 HSBC 96.11 480,546.90 (43,808.57) (28,364.39) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828YY0 500,000.00 WELLS_F 94.92 474,609.40 (59,804.66) (41,687.49) DTD 12/31/2019 1.750% 12/31/2024

2.04 4.32
US TREASURY NOTES 912828YY0 2,000,000.00 WELLS_F 94.92 1,898,437.60 (232,187.40) (162,212.57) DTD 12/31/2019 1.750% 12/31/2024

2.04 4.32
US TREASURY NOTES 912828ZW3 250,000.00 GOLDMAN 90.64 226,601.55 (18,554.70) (20,448.99) DTD 06/30/2020 0.250% 06/30/2025

2.57 4.10
US TREASURY NOTES 912828ZW3 450,000.00 MERRILL 90.64 407,882.79 (35,771.51) (38,331.49) DTD 06/30/2020 0.250% 06/30/2025

2.57 4.10
US TREASURY NOTES 91282CBC4 150,000.00 CITIGRP 89.52 134,273.43 (12,779.30) (13,700.55) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 350,000.00 JPM_CHA 89.52 313,304.67 (31,554.71) (33,225.10) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 400,000.00 CITIGRP 89.52 358,062.48 (29,906.27) (32,820.97) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 450,000.00 JPM_CHA 89.52 402,820.29 (43,347.68) (44,498.00) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 650,000.00 BNP_PAR 89.52 581,851.53 (50,400.42) (54,983.58) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 825,000.00 CITIGRP 89.52 738,503.87 (75,732.46) (78,805.84) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY N/B NOTES 91282CBW0 75,000.00 BMO 89.61 67,207.04 (4,250.97) (4,919.71) DTD 04/30/2021 0.750% 04/30/2026

3.37 4.04
US TREASURY N/B NOTES 91282CBW0 950,000.00 CITIGRP 89.61 851,289.11 (75,554.64) (80,391.72) DTD 04/30/2021 0.750% 04/30/2026

3.37 4.04
US TREASURY N/B NOTES 91282CCP4 200,000.00 BMO 88.59 177,187.50 (1,820.31) (3,088.10) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 250,000.00 HSBC 88.59 221,484.38 (4,765.62) (7,987.52) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00

Page 16 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCP4 750,000.00 BMO 88.59 664,453.12 (26,015.63) (30,877.83) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 800,000.00 HSBC 88.59 708,750.00 (23,593.75) (30,249.96) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 900,000.00 MERRILL 88.59 797,343.75 (21,691.41) (31,197.84) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 900,000.00 BMO 88.59 797,343.75 (22,218.75) (28,226.53) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY NOTES 912828U24 300,000.00 BMO 92.86 278,578.14 4,804.70 4,323.64 DTD 11/15/2016 2.000% 11/15/2026

3.82 3.97
US TREASURY NOTES 912828U24 350,000.00 BMO 92.86 325,007.83 2,433.61 1,498.64 DTD 11/15/2016 2.000% 11/15/2026

3.82 3.97
Security Type Sub-Total 12,400,000.00 11,289,976.65 (832,010.66) (779,319.89) 2.94 4.12 Supra-National Agency Bond / Note
INTL BK OF RECON AND DEV NOTE 459058JV6 245,000.00 TD 98.31 240,867.59 (3,625.26) (4,035.15) DTD 04/20/2021 0.125% 04/20/2023

0.39 4.54
INTL BK RECON & DEVELOP NOTES 459058JM6 500,000.00 TD 95.77 478,871.00 (20,054.00) (20,777.54) DTD 11/24/2020 0.250% 11/24/2023

0.98 4.70
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 635,000.00 JPM_CHA 93.01 590,591.28 (43,938.82) (44,124.89) DTD 09/23/2021 0.500% 09/23/2024

1.81 4.56
Security Type Sub-Total 1,380,000.00 1,310,329.87 (67,618.08) (68,937.58) 1.24 4.61 Municipal Bond / Note
CT ST TXBL GO BONDS 20772KJW0 60,000.00 SIEBERT 96.06 57,633.00 (2,367.00) (2,367.00) DTD 06/11/2020 1.998% 07/01/2024

1.56 4.60
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 100,000.00 RBC 96.02 96,015.00 (3,985.00) (3,985.00) DTD 12/05/2019 2.101% 08/01/2024

1.64 4.61
NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 WELLS_F 91.69 297,999.00 (27,001.00) (27,001.00) DTD 12/23/2020 0.870% 03/15/2025

2.27 4.74
UNIV OF CAL TXBL REV BONDS 91412HGE7 85,000.00 JPM_CHA 04/15/25 90.17 76,643.65 (8,356.35) (8,356.35) DTD 07/16/2020 0.883% 05/15/2025

2.35 5.19

Page 17 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 65,000.00 MERRILL 89.94 58,459.05 (7,000.50) (6,788.72) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 85,000.00 MERRILL 89.94 76,446.45 (9,117.10) (8,857.40) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 160,000.00 MERRILL 89.94 143,899.20 (16,100.80) (16,100.80) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
MN ST TXBL GO BONDS 60412AVJ9 100,000.00 MORGAN_ 90.34 90,341.00 (9,659.00) (9,659.00) DTD 08/25/2020 0.630% 08/01/2025

2.64 4.51
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 130,000.00 KEYBANC 90.79 118,025.70 (11,974.30) (11,974.30) DTD 10/29/2020 0.852% 08/01/2025

2.64 4.56
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 140,000.00 MERRILL 90.70 126,974.40 (13,025.60) (13,025.60) DTD 11/10/2020 0.773% 08/01/2025

2.64 4.51
CA ST UNIV TXBL REV BONDS 13077DQD7 85,000.00 JPM_CHA 89.25 75,860.80 (9,139.20) (9,139.20) DTD 07/29/2021 0.862% 11/01/2025

2.89 4.86
Security Type Sub-Total 1,335,000.00 1,218,297.25 (117,725.85) (117,254.37) 2.39 4.87 Federal Agency Commercial Mortgage-Backed Security
FHMS KP05 A 3137FKK39 5,553.39 CSFB 99.53 5,527.37 (26.00) (26.02) DTD 12/01/2018 3.203% 07/01/2023

0.63 4.01
FHMS K043 A2 3137BGK24 250,000.00 CITIGRP 96.79 241,968.56 (20,414.25) (13,318.73) DTD 03/01/2015 3.062% 12/01/2024

1.89 4.75
Security Type Sub-Total 255,553.39 247,495.93 (20,440.25) (13,344.75) 1.86 4.73 Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEW5 375,000.00 NOMURA 96.60 362,254.50 (12,813.98) (12,763.01) DTD 09/04/2020 0.250% 09/08/2023

0.77 4.79
FREDDIE MAC NOTES 3137EAEW5 525,000.00 WELLS_F 96.60 507,156.30 (17,670.45) (17,799.40) DTD 09/04/2020 0.250% 09/08/2023

0.77 4.79
FREDDIE MAC NOTES 3137EAEY1 325,000.00 WELLS_F 96.04 312,126.75 (11,661.00) (12,520.09) DTD 10/16/2020 0.125% 10/16/2023

0.88 4.79
FREDDIE MAC NOTES 3137EAEZ8 350,000.00 CITIGRP 95.89 335,608.00 (14,077.00) (14,294.28) DTD 11/05/2020 0.250% 11/06/2023

0.93 4.81

Page 18 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G06H1 325,000.00 NOMURA 95.64 310,818.30 (13,811.20) (14,059.78) DTD 11/25/2020 0.250% 11/27/2023

0.99 4.81
FREDDIE MAC NOTES 3137EAFA2 300,000.00 CITIGRP 95.69 287,077.20 (12,625.80) (12,822.99) DTD 12/04/2020 0.250% 12/04/2023

1.01 4.66
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 350,000.00 CITIGRP 91.42 319,959.15 (28,304.85) (29,217.58) DTD 04/16/2020 0.500% 04/14/2025

2.36 4.35
FANNIE MAE NOTES 3135G03U5 350,000.00 CITIGRP 91.62 320,674.90 (28,604.10) (28,980.02) DTD 04/24/2020 0.625% 04/22/2025

2.38 4.35
FREDDIE MAC NOTES 3137EAEU9 425,000.00 WELLS_F 90.54 384,775.88 (38,107.62) (39,106.69) DTD 07/23/2020 0.375% 07/21/2025

2.63 4.20
FANNIE MAE NOTES 3135G05X7 350,000.00 BARCLAY 90.24 315,838.60 (32,523.40) (33,265.17) DTD 08/27/2020 0.375% 08/25/2025

2.72 4.19
FEDERAL HOME LOAN BANK NOTES 3130AK5E2 150,000.00 WELLS_F 90.16 135,233.10 (14,316.90) (14,517.53) DTD 09/11/2020 0.375% 09/04/2025

2.75 4.19
FREDDIE MAC NOTES 3137EAEX3 700,000.00 CITIGRP 89.98 629,844.60 (68,048.40) (68,969.06) DTD 09/25/2020 0.375% 09/23/2025

2.80 4.19
FANNIE MAE NOTES 3135G06G3 650,000.00 BARCLAY 89.88 584,238.85 (63,434.15) (64,391.27) DTD 11/12/2020 0.500% 11/07/2025

2.92 4.20
Security Type Sub-Total 5,175,000.00 4,805,606.13 (355,998.85) (362,706.87) 1.89 4.47 Corporate Note
PNC BANK NA CORP NOTES (CALLABLE) 693475AV7 400,000.00 CITIGRP 12/23/23 98.42 393,689.20 (9,158.80) (6,932.80) DTD 01/23/2019 3.500% 01/23/2024

1.04 4.93
CHARLES SCHWAB CORP NOTES 808513BN4 105,000.00 CSFB 02/18/24 94.88 99,628.10 (5,319.40) (5,349.24) (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

1.21 4.86
BANK OF NY MELLON CORP NOTES 06406RAS6 210,000.00 JPM_CHA 03/26/24 94.16 197,737.05 (12,038.25) (12,157.98) (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

1.32 4.85
MORGAN STANLEY CORP NOTES 61746BDQ6 400,000.00 WELLS_FA 98.34 393,345.20 (29,570.80) (13,429.62) DTD 04/28/2014 3.875% 04/29/2024

1.39 5.11
AMERICAN HONDA FINANCE CORP NOTE 02665WCZ2 400,000.00 WELLS_FA 95.95 383,785.20 (14,230.80) (15,585.27) DTD 06/27/2019 2.400% 06/27/2024

1.54 5.11

Page 19 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
GOLDMAN SACHS GROUP INC (CALLABLE) 38141EC23 400,000.00 SUSQ 04/08/24 98.51 394,030.40 (24,601.60) (11,280.74) BONDS
DTD 07/08/2014 3.850% 07/08/2024

1.31 4.82
BMW US CAPITAL LLC CORPORATE NOTES 05565EBU8 70,000.00 GOLDMAN 93.37 65,357.53 (4,636.17) (4,638.91) DTD 08/12/2021 0.750% 08/12/2024

1.69 4.86
WALT DISNEY COMPANY/THE (CALLABLE) 254687FK7 400,000.00 JPM_CHAS 07/30/24 95.06 380,259.60 (18,108.40) (19,168.30) DTD 09/06/2019 1.750% 08/30/2024

1.64 4.72
JOHN DEERE CAPITAL CORP CORPORATE 24422EVU0 100,000.00 HSBC 93.22 93,224.30 (6,710.70) (6,737.21) NOTES
DTD 09/10/2021 0.625% 09/10/2024

1.77 4.64
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 175,000.00 MERRILL 94.44 165,265.80 (17,628.45) (13,769.83) NOTES
DTD 02/06/2020 1.800% 02/06/2025

2.14 4.50
AMERICAN EXPRESS CO CORP NOTES 025816CQ0 80,000.00 BARCLAY 02/01/25 94.29 75,429.52 (4,489.68) (4,509.73) (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

2.12 4.95
ROCHE HOLDINGS INC (CALLABLE) 771196BT8 410,000.00 DEUTSCH 02/10/25 94.81 388,709.93 (21,290.07) (21,290.07)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025

2.14 4.56
HOME DEPOT INC (CALLABLE) CORPORATE 437076CM2 25,000.00 MORGAN_ 03/15/25 96.17 24,041.53 (914.72) (924.46) NOTE
DTD 03/28/2022 2.700% 04/15/2025

2.23 4.42
CITIGROUP INC CORP NOTES 172967JP7 225,000.00 MKTX 96.88 217,977.30 (31,761.45) (19,807.06) DTD 04/27/2015 3.300% 04/27/2025

2.33 4.68
CINTAS CORPORATION NO. 2 CORP NOTE 17252MAP5 65,000.00 KEYBANC 04/01/25 97.24 63,207.37 (1,778.33) (1,781.10) (CALL
DTD 05/03/2022 3.450% 05/01/2025

2.26 4.67
USAA CAPITAL CORP CORPORATE NOTES 90327QD89 225,000.00 MERRILL 96.73 217,642.05 (6,622.20) (6,752.04) DTD 05/26/2022 3.375% 05/01/2025

2.34 4.82
APPLE INC (CALLABLE) CORP NOTES 037833DT4 550,000.00 GOLDMAN 04/11/25 92.46 508,530.55 (42,574.95) (42,000.63) DTD 05/11/2020 1.125% 05/11/2025

2.34 4.41
GENERAL DYNAMICS CORP (CALLABLE) 369550BG2 225,000.00 JPM_CHA 03/15/25 97.71 219,851.78 (32,395.72) (19,306.07)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025

2.22 4.49

Page 20 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 315,000.00 JPM_CHA 06/01/24 93.02 293,005.44 (21,994.56) (21,994.56) NOTE
DTD 06/01/2021 0.824% 06/01/2025

1.49 3.77
AMAZON INC CORP NOTES (CALLABLE) 023135BQ8 475,000.00 GOLDMAN 05/03/25 91.61 435,167.45 (39,599.80) (39,715.79) DTD 06/03/2020 0.800% 06/03/2025

2.39 4.37
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABD9 250,000.00 CITIGRP 97.04 242,593.75 (7,406.25) (7,406.25) NOTES
DTD 06/09/2022 3.500% 06/09/2025

2.40 4.76
NATIONAL RURAL UTIL COOP CORPORATE 63743HFE7 50,000.00 RBC 96.51 48,253.40 (1,733.10) (1,735.60) NOTES
DTD 05/04/2022 3.450% 06/15/2025

2.40 4.93
TOYOTA MOTOR CREDIT CORP 89236TKC8 100,000.00 MERRILL 98.29 98,287.80 (1,617.20) (1,630.55)

CORPORATE NOTES
DTD 06/30/2022 3.950% 06/30/2025

2.44 4.66
IBM CORP CORPORATE NOTES 459200KS9 225,000.00 JPM_CHA 98.34 221,259.15 (3,740.85) (3,740.85) DTD 07/27/2022 4.000% 07/27/2025

2.51 4.67
BANK OF AMERICA CORP NOTES 06051GFS3 225,000.00 MERRILL 98.57 221,775.75 (35,142.75) (20,428.80) DTD 07/30/2015 3.875% 08/01/2025

2.53 4.45
ABBOTT LABORATORIES CORPORATE 002824BM1 225,000.00 US_BANC 06/15/25 98.09 220,696.20 (37,149.30) (21,995.71)

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025

2.42 4.61
BANK OF AMERICA CORP NOTES 06051GKE8 225,000.00 MERRILL 12/06/24 91.60 206,096.63 (18,903.37) (18,903.37) (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

1.98 4.54
JPMORGAN CHASE & CO CORP NOTES 46647PCV6 175,000.00 JPM_CHA 02/24/25 94.10 164,682.88 (10,317.12) (10,317.12) (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

2.17 4.58
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 CITIGRP 04/15/26 90.15 202,837.05 (21,771.45) (21,891.99) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

3.31 4.24
TOYOTA MOTOR CREDIT CORP 89236TJK2 145,000.00 JPM_CHA 88.62 128,492.19 (16,185.91) (16,268.10)

CORPORATE NOTES
DTD 06/18/2021 1.125% 06/18/2026

3.47 4.64

Page 21 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 MITSU 07/12/26 87.73 153,521.38 (21,426.12) (21,439.72)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026

3.53 4.92
CATERPILLAR FINL SERVICE CORPORATE 14913R2U0 225,000.00 JPM_CHA 89.76 201,954.15 (21,909.60) (22,110.52) NOTES
DTD 01/10/2022 1.700% 01/08/2027

3.95 4.46
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 40,000.00 CITIGRP 12/15/26 91.54 36,617.08 (3,314.92) (3,326.56) DTD 01/24/2022 1.950% 01/15/2027

3.87 4.20
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 DEUTSCH 12/26/26 90.12 428,084.73 (45,860.77) (46,038.25) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

3.89 4.69
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 475,000.00 SEEL 02/15/27 92.97 441,614.63 (24,474.37) (25,739.69) (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.01 4.10
Security Type Sub-Total 8,490,000.00 8,026,652.07 (616,377.93) (530,104.49) 2.30 4.62 Certificate of Deposit
CREDIT SUISSE NEW YORK CERT DEPOS 22552G3C2 250,000.00 CSFB 98.68 246,693.00 (3,307.00) (3,307.00) DTD 03/23/2021 0.590% 03/17/2023

0.31 5.06
TORONTO DOMINION BANK NY CERT 89115B6K1 450,000.00 TD 99.99 449,936.55 (63.45) (63.45) DEPOS
DTD 10/31/2022 5.600% 10/27/2025

3.60 5.58
NORDEA BANK ABP NEW YORK CERT 65558UYF3 450,000.00 WELLS_F 100.83 453,730.50 3,730.50 3,730.50 DEPOS
DTD 11/03/2022 5.530% 11/03/2025

2.73 5.22
Security Type Sub-Total 1,150,000.00 1,150,360.05 360.05 360.05 2.55 5.33 Asset-Backed Security
GMALT 2021-1 A4 36261RAD0 85,000.00 RBC 97.73 83,072.34 (1,914.83) (1,920.51) DTD 02/24/2021 0.330% 02/20/2025

0.53 1.37
GMALT 2021-2 A4 380144AD7 35,000.00 SOCGEN 96.13 33,643.75 (1,353.30) (1,354.42) DTD 05/26/2021 0.410% 05/20/2025

0.85 2.02

Page 22 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
HART 2021-A A3 44933LAC7 74,474.21 BARCLAY 96.40 71,792.16 (2,674.22) (2,677.07) DTD 04/28/2021 0.380% 09/15/2025

0.70 1.70
NAROT 2021-A A3 65480BAC1 295,000.00 MITSU 95.16 280,734.10 (14,260.91) (14,262.58) DTD 06/23/2021 0.330% 10/15/2025

0.94 2.06
TAOT 2021-B A3 89190GAC1 325,000.00 CITIGRP 95.58 310,623.89 (14,341.11) (14,352.69) DTD 06/14/2021 0.260% 11/17/2025

0.85 1.79
HAROT 2021-4 A3 43815GAC3 100,000.00 MERRILL 94.52 94,516.27 (5,462.65) (5,467.81) DTD 11/24/2021 0.880% 01/21/2026

1.33 2.70
CARMX 2021-2 A3 14314QAC8 110,000.00 MERRILL 95.88 105,471.23 (4,505.07) (4,512.99) DTD 04/21/2021 0.520% 02/17/2026

0.70 1.84
HART 2021-C A3 44935FAD6 80,000.00 SMBC 93.83 75,064.90 (4,917.24) (4,921.37) DTD 11/17/2021 0.740% 05/15/2026

1.27 2.61
DCENT 2021-A1 A1 254683CP8 195,000.00 CITIGRP 91.93 179,256.38 (15,701.87) (15,711.77) DTD 09/27/2021 0.580% 09/15/2026

1.74 2.83
GMCAR 2021-4 A3 362554AC1 85,000.00 JPM_CHA 93.70 79,641.71 (5,356.12) (5,356.61) DTD 10/21/2021 0.680% 09/16/2026

1.30 2.42
CARMX 2022-3 A3 14318MAD1 210,000.00 RBC 96.99 203,687.99 (6,307.05) (6,307.43) DTD 07/20/2022 3.970% 04/15/2027

2.03 4.73
NAROT 2022-B A3 65480JAC4 140,000.00 WELLS_F 98.73 138,218.77 (1,752.26) (1,753.36) DTD 09/28/2022 4.460% 05/17/2027

2.13 4.78
GMCAR 2022-4 A3 36265QAD8 275,000.00 RBC 99.37 273,274.05 (1,680.88) (1,682.15) DTD 10/12/2022 4.820% 08/16/2027

2.16 4.97
COMET 2022-A3 A 14041NGB1 245,000.00 RBC 100.32 245,777.64 816.08 815.48 DTD 11/03/2022 4.950% 10/15/2027

2.61 4.88
Security Type Sub-Total 2,254,474.21 2,174,775.18 (79,411.43) (79,465.28) 1.52 3.20 Managed Account Sub-Total 32,440,027.60 30,223,493.13 (2,089,223.00) (1,950,773.18) 2.38 4.35 Joint Powers Authority
CAMP Pool 53,691.54 1.00 53,691.54 0.00 0.00 0.00
Liquid Sub-Total 53,691.54 53,691.54 0.00 0.00 0.00

Page 23 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Investments $30,388,331.21
$111,146.54
$30,277,184.67
Accrued Interest
Securities Sub-Total $32,493,719.14 ($2,089,223.00) ($1,950,773.18) 2.38 4.35%

Page 24 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
11/03/22 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
10/27/22 14041NGB1 245,000.00 (244,961.56) 0.00 (244,961.56) 11/04/22 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
11/01/22 912828U24 300,000.00 (273,773.44) (2,820.65) (276,594.09) 11/03/22 NORDEA BANK ABP NEW YORK CERT
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
11/02/22 65558UYF3 450,000.00 (450,000.00) 0.00 (450,000.00) Transaction Type Sub-Total 995,000.00 (968,735.00) (2,820.65) (971,555.65)

INTEREST
11/01/22 CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
11/01/22 13077DQD7 85,000.00 0.00 366.35 366.35
11/01/22 USAA CAPITAL CORP CORPORATE
NOTES
DTD 05/26/2022 3.375% 05/01/2025
11/01/22 90327QD89 225,000.00 0.00 3,269.53 3,269.53
11/01/22 CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
11/01/22 17252MAP5 65,000.00 0.00 1,108.79 1,108.79
11/25/22 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
11/01/22 3137BGK24 250,000.00 0.00 637.92 637.92
11/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
11/01/22 3137FQ3V3 1,026.51 0.00 1.79 1.79
11/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
11/01/22 3137FKK39 5,568.75 0.00 14.86 14.86
11/06/22 FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
11/06/22 3137EAEZ8 350,000.00 0.00 437.50 437.50
11/07/22 FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
11/07/22 3135G06G3 650,000.00 0.00 1,625.00 1,625.00
11/11/22 APPLE INC (CALLABLE) CORP NOTES
DTD 05/11/2020 1.125% 05/11/2025
11/11/22 037833DT4 550,000.00 0.00 3,093.75 3,093.75
11/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
11/15/22 44933LAC7 75,000.00 0.00 23.75 23.75
11/15/22 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
11/15/22 65480JAC4 140,000.00 0.00 520.33 520.33

Page 25 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

INTEREST
11/15/22 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
11/15/22 14318MAD1 210,000.00 0.00 694.75 694.75
11/15/22 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
11/15/22 65480BAC1 295,000.00 0.00 81.13 81.13
11/15/22 UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
11/15/22 91412HGE7 85,000.00 0.00 375.28 375.28
11/15/22 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
11/15/22 254683CP8 195,000.00 0.00 94.25 94.25
11/15/22 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
11/15/22 14314QAC8 110,000.00 0.00 47.67 47.67
11/15/22 UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
11/15/22 91324PEC2 225,000.00 0.00 1,293.75 1,293.75
11/15/22 GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
11/15/22 369550BG2 225,000.00 0.00 3,937.50 3,937.50
11/15/22 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
11/15/22 912828U24 650,000.00 0.00 6,500.00 6,500.00
11/15/22 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
11/15/22 89190GAC1 325,000.00 0.00 70.42 70.42
11/15/22 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
11/15/22 44935FAD6 80,000.00 0.00 49.33 49.33
11/16/22 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
11/16/22 36265QAD8 275,000.00 0.00 1,251.86 1,251.86
11/16/22 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
11/16/22 362554AC1 85,000.00 0.00 48.17 48.17
11/20/22 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
11/20/22 380144AD7 35,000.00 0.00 11.96 11.96
11/20/22 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
11/20/22 36261RAD0 85,000.00 0.00 23.38 23.38
11/21/22 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
11/21/22 43815GAC3 100,000.00 0.00 73.33 73.33
11/24/22 INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
11/24/22 459058JM6 500,000.00 0.00 625.00 625.00

Page 26 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

INTEREST
11/27/22 FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
11/27/22 3135G06H1 325,000.00 0.00 406.25 406.25
Transaction Type Sub-Total 6,201,595.26 0.00 26,683.60 26,683.60

PAYDOWNS
11/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
11/01/22 3137FKK39 15.36 15.36 0.00 15.36 0.00 0.00
11/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
11/01/22 3137FQ3V3 1,026.51 1,026.51 0.00 1,026.51 0.03 0.00 11/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
11/15/22 44933LAC7 525.79 525.79 0.00 525.79 0.06 0.00
Transaction Type Sub-Total 1,567.66 1,567.66 0.00 1,567.66 0.09 0.00 SELL
11/03/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
10/28/22 912828XX3 250,000.00 239,980.47 1,711.96 241,692.43 (13,701.17) (11,381.02) FIFO 11/04/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
11/01/22 912828XX3 300,000.00 287,296.88 2,070.65 289,367.53 (17,121.09) (14,334.20) FIFO 11/03/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
11/02/22 912828XX3 450,000.00 430,910.16 3,081.52 433,991.68 (25,716.80) (21,540.52) FIFO Transaction Type Sub-Total 1,000,000.00 958,187.51 6,864.13 965,051.64 (56,539.06) (47,255.74) Managed Account Sub-Total (8,979.83) 30,727.08 21,747.25 (56,538.97) (47,255.74) Total Security Transactions ($8,979.83) $30,727.08 $21,747.25 ($56,538.97) ($47,255.74)

Page 27 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 34,554.95
11/01/22 11/01/22 Purchase - Interest 13077DQD7 1.00 366.35 34,921.30 11/01/22 11/01/22 Purchase - Interest 17252MAP5 1.00 1,108.79 36,030.09 11/01/22 11/01/22 Purchase - Interest 90327QD89 1.00 3,269.53 39,299.62 11/03/22 11/03/22 Purchase - Interest 912828XX3 1.00 3,081.52 42,381.14 11/03/22 11/03/22 Purchase - Interest 912828XX3 1.00 1,711.96 44,093.10 11/03/22 11/03/22 Purchase - Principal 912828XX3 1.00 430,910.16 475,003.26 11/03/22 11/03/22 Purchase - Principal 912828XX3 1.00 239,980.47 714,983.73 11/03/22 11/03/22 Redemption - Principal 14041NGB1 1.00 (244,961.56) 470,022.17 11/03/22 11/03/22 Redemption - Principal 65558UYF3 1.00 (450,000.00) 20,022.17 11/04/22 11/04/22 Purchase - Interest 912828XX3 1.00 2,070.65 22,092.82 11/04/22 11/04/22 Purchase - Principal 912828XX3 1.00 287,296.88 309,389.70 11/04/22 11/04/22 Redemption - Principal 912828U24 1.00 (273,773.44) 35,616.26 11/04/22 11/04/22 Redemption - Interest 912828U24 1.00 (2,820.65) 32,795.61 11/07/22 11/07/22 Purchase - Interest 3137EAEZ8 1.00 437.50 33,233.11 11/07/22 11/07/22 Purchase - Interest 3135G06G3 1.00 1,625.00 34,858.11 11/14/22 11/14/22 Purchase - Interest 037833DT4 1.00 3,093.75 37,951.86 11/15/22 11/15/22 Purchase - Interest 369550BG2 1.00 3,937.50 41,889.36 11/15/22 11/15/22 Purchase - Interest 912828U24 1.00 6,500.00 48,389.36 11/15/22 11/15/22 Purchase - Interest 91324PEC2 1.00 1,293.75 49,683.11 11/15/22 11/15/22 Purchase - Interest 91412HGE7 1.00 375.28 50,058.39 11/15/22 11/15/22 Purchase - Interest 14314QAC8 1.00 47.67 50,106.06

Page 28 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/15/22 11/15/22 Purchase - Interest 14318MAD1 1.00 694.75 50,800.81 11/15/22 11/15/22 Purchase - Interest 254683CP8 1.00 94.25 50,895.06 11/15/22 11/15/22 Purchase - Interest 44933LAC7 1.00 23.75 50,918.81 11/15/22 11/15/22 Purchase - Interest 44935FAD6 1.00 49.33 50,968.14 11/15/22 11/15/22 Purchase - Interest 65480BAC1 1.00 81.13 51,049.27 11/15/22 11/15/22 Purchase - Interest 65480JAC4 1.00 520.33 51,569.60 11/15/22 11/15/22 Purchase - Interest 89190GAC1 1.00 70.42 51,640.02 11/15/22 11/15/22 Purchase - Principal 44933LAC7 1.00 525.79 52,165.81 11/16/22 11/16/22 Purchase - Interest 362554AC1 1.00 48.17 52,213.98 11/16/22 11/16/22 Purchase - Interest 36265QAD8 1.00 1,251.86 53,465.84 11/21/22 11/21/22 Purchase - Interest 36261RAD0 1.00 23.38 53,489.22 11/21/22 11/21/22 Purchase - Interest 380144AD7 1.00 11.96 53,501.18 11/21/22 11/21/22 Purchase - Interest 43815GAC3 1.00 73.33 53,574.51 11/25/22 11/25/22 Purchase - Interest 459058JM6 1.00 625.00 54,199.51 11/25/22 11/25/22 Purchase - Interest 3137BGK24 1.00 637.92 54,837.43 11/25/22 11/25/22 Purchase - Interest 3137FKK39 1.00 14.86 54,852.29 11/25/22 11/25/22 Purchase - Interest 3137FQ3V3 1.00 1.79 54,854.08 11/25/22 11/25/22 Purchase - Principal 3137FQ3V3 1.00 1,026.51 55,880.59 11/25/22 11/25/22 Purchase - Principal 3137FKK39 1.00 15.36 55,895.95 11/25/22 11/25/22 IP Fees October 2022 1.00 (2,617.60) 53,278.35 11/25/22 11/25/22 U.S. Bank Fees September 2022 1.00 (136.61) 53,141.74 11/28/22 11/28/22 Purchase - Interest 3135G06H1 1.00 406.25 53,547.99

Page 29 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/30/22 12/01/22 Accrual Income Div Reinvestment - Distributions 1.00 143.55 53,691.54 53,691.54
53,691.54
53,691.54
44,432.42
1,574.61

0.00 (9,762,658.35)
9,561,173.21
255,176.68
143.55
53,691.54

0.00 (974,309.86)
993,446.45
34,554.95
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
November January-November

3.90%

Page 30 ends

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Jason Simpson, City Manager
Date: January 10, 2023
Subject: Second Reading of an Ordinance Adopting Zone Change No. 2021-03 for Planning Application No. 2021-37 (mason Motorsports) Community Development: Yes
Applicant Name: Mason Motorsports
Recommendation
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 2021-03.

Background
At its Regular meeting on December 13, 2022, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1- Ordinance
ORDINANCE NO. 2022-__

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 2021-03
Whereas, Paul Giese, AYLI, LP, has filed an application with the City of Lake Elsinore (City) requesting approval of Planning Application No. 2021-37 (Zone Change No. 2021-03 and Industrial Design Review No. 2021-06) to change the zoning designation of the subject property from Commercial Manufacturing (C-M) to Limited Manufacturing (M-1) and to construct one twostory, 25,449 sq. ft. industrial building and associated improvements including a 51-space parking area, two loading spaces and 16,803 sq. ft. of landscaping on a 1.56-acre site (Project). The Project site is located on the westerly corner of the intersection of Collier Avenue and Chaney Street (APN: 377-430-016); and,
Whereas, Zone Change (ZC) No. 2021-03 proposes to change the project site’s current zoning designation from Commercial Manufacturing (C-M) to Limited Manufacturing (M-1); and, Whereas, pursuant to Lake Elsinore Municipal Code (LEMC) Section 17.415.040 (Zoning Amendments) the Planning Commission (Commission) has been delegated with the responsibility of making recommendations to the City Council (Council) pertaining to zone changes, and, Whereas, on November 15, 2022, at a duly noticed Public Hearing the Commission has considered evidence presented by the Community Development Department and other interested parties with respect to this item, and adopted a resolution recommending that the Council approve ZC No. 2021-03; and,
Whereas, on December 13, 2022 at a duly noticed Public Hearing, the Council has considered the recommendation of the Commission as well as evidence presented by the Community Development Department and other interested parties with respect to this item.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AS FOLLOWS:

Section 1: The Council has reviewed and analyzed proposed ZC No. 2021-03, pursuant to the California Planning and Zoning Laws (Cal. Gov. Code Sec 65000 et. seq.), the Lake Elsinore General Plan (GP) and the LEMC and finds that ZC No. 2021-03 is consistent with the requirements of California Planning and Zoning Law and with the goals and policies of the GP and the LEMC.

Section 2: That in accordance with LEMC Section 17.415.040.F. Findings, the Council makes the following findings regarding findings regarding ZC No. 2021-03:

1. The proposed amendment will not be (a) detrimental to the health, safety, comfort, or general welfare of the persons residing or working within the neighborhood of the proposed amendment or within the City, (b) injurious to property or improvements in the neighborhood or within the City
a. The proposed rezoning has been analyzed relative to its potential to have detrimental effects to the health, safety, comfort or general welfare of persons residing or working within the neighborhood of the Project site, and conditions of approval have been added on the Project to ensure that the health, safety and welfare of surrounding residents and employees will not be adversely impacted.

Ord. No. 2022-___

Page 2 of 3 ends

b. The proposed rezoning would not be injurious to the property or improvements in the neighborhood. The rezoning, in conjunction with the corresponding design review approval, will allow the private development of an industrial building to be used as an offroad vehicle manufacturing facility. Standard conditions have been added requiring onsite operational activities to be conducted entirely within a completely enclosed building and the construction of infrastructure improvements in the public right-of-way abutting the Project.

2. The proposed amendment will be consistent with the latest General Plan.

ZC No. 2021-03 is a proposal to rezone the Project site from Commercial Manufacturing (CM) to Limited Manufacturing (M-1). The M-1 zoning designation is consistent with the existing General Plan Business Professional Land Use designation of the Project site.

Therefore, the proposed amendment is consistent with the General Plan.

Section 3: Based upon the evidence presented, both written and testimonial, and the above findings, the Council hereby approves Zone Change No. 2021-03.

Section 4: Severability. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

Section 5: Effective Date. This Ordinance shall become effective at 12:01 a.m. on the thirty-first (31st) day after the date of adoption.

Section 6: Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law.

Passed and Adopted on this _____day of __________, 2022. ____________________________
Timothy J. Sheridan, Mayor
Attest:

Candice Alvarez, MMC
City Clerk
Ord. No. 2022-___

Page 3 of 3 ends

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby certify that the foregoing Ordinance No. 2022-_____ was introduced at the Regular meeting of December 13, 2022, and adopted by the City Council of the City of Lake Elsinore at its Regular meeting of ________, 2023, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

I further certify that said Synopsis was published as required by law in a newspaper of general circulation in the City of Lake Elsinore, California on the _____day of __________, 202__, and on the ______day of _________, 202__.
____________________________
Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Jason Simpson, City Manager
Date: January 10, 2023
Subject: Second Reading of an Ordinance Amending Lake Elsinore Municipal Code Chapter 2.20 Regarding Disaster Relief
Recommendation
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 2.20 OF THE LAKE ELSINORE MUNICIPAL CODE (LEMC) REGARDING DISASTER RELIEF.

Background
At its Regular meeting on December 13, 2022, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1- Ordinance
ORDINANCE NO. 2022-

AN ORDINANCE OF THE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 2.20 OF THE LAKE

ELSINORE MUNICIPAL CODE (LEMC) REGARDING DISASTER RELIEF Whereas, Chapter 2.20 of the Lake Elsinore Municipal Code was amended and restated on September 12, 2006 by Ordinance No. 2006-1192;
Whereas, on April 14, 2020, the City Council adopted Urgency Ordinance No. 2020-1425 amending sections of Chapter 2.20 to change the City Council’s periodic review of the continuing emergency from every 14 days to every 60 days consistent with the California Government Code and clarifying the enforcement authority of the Riverside County Public Health Officer relating to orders, quarantine regulations, and rules prescribed by the State Department of Public Health and other rules and regulations issued under the provisions of the California Health and Safety Code;
Whereas, since the adoption of Ordinance No. 2006-1192, the location of the Emergency Operation Center (EOC) and secondary EOC have been relocated, and the EOC Manager has reassigned to the Emergency Services Manager; and
Whereas, the following amendments are proposed to reflect the proper authority, terminology, and execution of duties identified within Chapter 2.20 of the Lake Elsinore Municipal Code (LEMC) regarding “Disaster Relief”.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE HEREBY ORDAINS AS FOLLOWS:

Section 1. The foregoing recitals are true and correct and are hereby incorporated into the body of this Ordinance as substantive findings of the City Council.

Section 2. LEMC Chapter 2.20 “Disaster Relief,” Section 2.20.030 “Disaster Director” subsection B is amended as follows:
“B. The City Emergency Services Manager, who shall be designated by the City Manager and who shall serve as Vice-Chair of the Council; and
Section 3. LEMC Chapter 2.20 “Disaster Relief,” Section 2.20.120 “Emergency Operating Centers” is amended as follows:

The EOC Manager is the City Emergency Services Manager. The primary EOC is located at the City’s Public Works Yard, alternate EOC is located at the Rosetta Canyon Fire Station.

Section 4. CEQA. This Ordinance is exempt from the California Environmental Quality Act in accordance with Section 15061(b) (3) there is no possibility that the activity in question may have a significant effect on the environment.

Section 5. Severability. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

Section 6. Effective Date. This Ordinance shall take effect 30 days after its adoption.

Ord. No. 2022-

Page 2 of 2 ends

Section 7. Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause this Ordinance to be posted or published as prescribed by law.

PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this ___ day of ____________ 2022.

Timothy J. Sheridan
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2022-____ was introduced by the City Council of the City of Lake Elsinore, California, at its Regular meeting of December 13, 2022 and adopted at its Regular meeting of _____________ ___, 2022 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Jason Simpson, City Manager
Date: January 10, 2023
Subject: Second Reading of an Ordinance Amending and Restating Lake Elsinore Municipal Code Chapter 5.110 Regarding Motion Pictures, Television and Broadcasting, and Photographic Production Recommendation
Adopt by title only and waive further reading of AN Ordinance OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING CHAPTER 5.110 OF

THE LAKE ELSINORE MUNICIPAL CODE REGARDING MOTION PICTURES, TELEVISION

AND BROADCASTING, AND PHOTOGRAPHIC PRODUCTION
Background
At its Regular meeting on December 13, 2022, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1- Ordinance
Attachment #
ORDINANCE NO. 2023–____

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE CHAPTER 5.110 REGULATING MOTION PICTURES, TELEVISION AND

PHOTOGRAPHIC PRODUCTION IN THE CITY
Whereas, the City of Lake Elsinore is an ideal backdrop for television, commercial and film production due to its "Dream Extreme" lifestyle and climate for motion picture and television filming;
Whereas, the "Uniform Film Permit Act" commencing with Section 14999.20 et seq. of the California Government Code encourages municipalities to adopt uniform permit procedures throughout the State;
Whereas, the City wishes to adopt regulations for the issuance of motion picture and television film permits and to establish a more uniform process for the permitting of commercial film activities in the City;
Whereas, as required by the Uniform Film Permit Act, the California Film Commission reviewed the City's proposed ordinance and provided comment F1 which have been incorporated in this ordinance;
Whereas, the City Council held a public meeting regarding the proposed amendment to the Lake Elsinore Municipal Code, reviewed the City staff's agenda report and received public testimony and documentary evidence provided prior to and at the public meeting; Whereas, On October 23, 2012, the City Council adopted Ordinance No. 2012-1305 amending Title 5 of the Lake Elsinore Code by adding Chapter 5.110 regulating Motion Pictures, Television and Photographic Production in the City.

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES ORDAIN AS FOLLOWS:

Section 1: LEMC Section 5.110, Motion Pictures, Television and Photographic Production is hereby amended as follows:

5.110.020 Definitions.
“Film Permit Officer” means the Director of the Community Services Department or designee. “Motion pictures, television and broadcasting, and still photography” shall mean all activity attendant to the staging or shooting of commercial motion pictures, television programs and commercials in any medium including film, tape or digital format. “News coverage” shall mean filming or still photography by individuals in the employ of newspapers, news services, and similar entities of on-the-spot, current coverage of news events concerning persons, scenes and occurrences which are in the news and of general public interest.
“Student films” shall mean motion pictures, television and broadcasting, and still photography produced as part of the instructional program of an accredited school or college. [Ord. 1305 § 1, 2012].

Ord. No. 2023–_____

Page 2 of 4 ends

“Studio” means a fixed place of business where filming activities (motion or still photography) are regularly conducted upon the premises.

5.110.030 Permit required.

No person shall use any public or private property, facility or residence for the purpose of taking commercial motion pictures, television and broadcasting, or still photography without first applying for and receiving a permit from the Film Permit Officer. [Ord. 1305 § 1, 2012].

5.110.040 Permit exemptions.

C. Charitable films. Projects that qualify under Section 501(c)(3) of the Internal Revenue Code.

D. Those filming activities (motion or still photography) conducted at a studio.

E. Those education, government, and public access and local origination programs for cable television systems franchised within the City.

F. Publications (newspapers, magazines, etc.) and filming companies (television, motion picture companies) producing films or still photography for the City’s benefit (publicity, advertising and tourism-related purposes).

5.110.050 Authorization
The Film Permit Officer is hereby authorized to impose reasonable conditions governing the form, time and location of any filming activity set forth within the City. The Film Permit Officer shall also provide for the issuance of permits. The conditions shall be based upon the following criteria:

5.110.060 Applications
Applications for a film permit must be filed with the Film Permit Officer a minimum of one working day in advance of the date the filming activity is to begin. If such activity interferes with traffic or involves stunts, special effects, or is deemed extraordinary, an application must be submitted at least seven working days in advance. No late applications will be processed by the City unless the Film Permit Officer determines that special circumstances beyond the control of the applicant precluded its timely submittal and that sufficient time remains for processing. The applicant must keep a copy of the permit posted on site in a conspicuous place at all times. [Ord. 1305 § 1, 2012].

5.110.070 Permit approval or denial.

The Film Permit Officer shall approve, conditionally approve or deny the application within three business days of receipt of the application unless the proposed filming activity requires extensive review by other City departments or public safety agencies due to significant public health and welfare considerations or traffic safety.

I. The permit applicant has not paid permit application fees or has a demonstrated record of nonpayment for cost recovery fees.

Ord. No. 2023–_____

Page 3 of 4 ends

J. The “Film LE logo” must appear on all materials and meet all identity standards. The consistent application of the Film LE logo by all of our partners should increase the effectiveness of collateral material, print ads, and outdoor signage for the consumer.

5.110.080 Fees
All fees associated with this section shall be set according to resolution adopted by the City Council and shall be paid by applicant to the film permit officer when the completed application form is submitted for approval.

5.110.090 Permit conditions.

A. Requirements for the presence of City employees or public safety personnel at the applicant’s expense, when required for the particular filming activity.

5.110.100 Notification
B. Written authorization from all property owners on whose property filming will occur as part of the film permit application at the time of submission.

C. If filming in residential areas is to occur between the hours of 10:00 p.m. and 6:00 a.m., notification 72 hours in advance of filming to all residents within 300 feet shall be required on a designated City form or notice approved by the Film Permit Officer.

E. A copy of the approved permit and applicant’s contact information or applicant’s designee must be displayed at the place of filming in a location that is visible to the public.

Section 2: CEQA. This Ordinance is exempt from the California Environmental Quality Act in accordance with Section 15061(b) (3) there is no possibility that the activity in question may have a significant effect on the environment.

Section 3: Severability. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

Section 4: Effective Date. This Ordinance shall become effective at 12:01 a.m. on the thirty-first (31st) day after the date of adoption.

Section 5: Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law.

Ord. No. 2023–_____

Page 4 of 4 ends

PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this ____ day of _____________ 20___.

Mayor’s Name
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2023-_____ was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of __________ ___, 20___ and adopted at the Regular meeting of __________ ___, 20___ and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 10, 2023
Subject: Meeting Dates for 2023
Recommendation
Review the 2023 meeting dates and approve the cancelation of the Regular meetings of November 28 and December 26, 2023.

Background
The Regular meetings of the City Council and the Successor Agency are set in the Municipal Code as the second and fourth Tuesdays of the month. The City Council has the authority to cancel meetings as necessary.

Discussion
The meetings on November 28th and December 26th are near the Thanksgiving and Christmas Holidays. Due to the potential of a lack of quorum because of the holidays, it is recommended that the meetings be canceled.

All remaining meeting dates for the year, as listed in Attachment 1, do not pose any foreseen conflicts at this time.

Fiscal Impact
There is no cost associated with this item.
2023 Meeting Dates

Page 2 of 2 ends

Attachments
Attachment 1- 2023 Meetings and Holidays
City Council and Successor Agency Meetings of 2023
The following dates are of proposed City Council and Successor Agency Regular Meetings
|January 10 and 24 | February 14 and 28 | March 14 and 28 | April 11 and 25 | |May 9 and 23 | June 13 and 27 | July 11 and 25 | August 8 and 22 | |September 12 and 26 | October 10 and 24 | November 14 | December 12 | The following meetings are to be canceled
| November 28 | December 26 |
2023 Federal Holidays
New Year’s Day - January 2 (observed)
Martin Luther King, Jr.’s Birthday - January 16
President’s Day/Washington’s Birthday - February 20
Memorial Day - May 29
Juneteenth – June 19
Independence Day - July 4
Labor Day - September 4
US Indigenous People’s Day – October 9
Veterans Day - November 10
Thanksgiving Day - November 23
Christmas Day - December 25

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 10, 2023
Subject: Mayor’s Recommended Council Appointments
Recommendation
Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and Ad-Hoc Committees.

Background
Each year, the Mayor makes recommendations as to the individual Council Members being appointed to the various Governmental Agency Boards and City Committees, Subcommittees, and Ad-Hoc Committees.

Discussion
No changes are recommended this year.

Fiscal Impact
There is no cost associated with this item.

Attachments
Attachment 1- Mayor’s Recommended Council Appointments List MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2023
Council Approval: 1/10/2023 Page 1 of 5

ORGANIZATION ADDRESS AND

CONTACT INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File 700s MEETING SCHEDULE
Regional Committees
California Joint
Powers Insurance
Authority
Attn: Veronica Ruiz
8081 Moody Street
La Palma, CA 90623
800-229-2343
Timothy J.

Sheridan
Steve Manos No
Executive Committee
Meetings held the Fourth
Wednesday of each month at
5:30 p.m.

Annual meeting of Board of
Directors
City Selection
Committee of
Riverside County
Lisa Wagner
Board of Supervisors RC
1 st Flr. County Admin Center
Riverside, CA 92502
Steve Manos Brian Tisdale Mayor is the delegate
Meetings January and May at
the same time and place of the
RC Div. of LOCC
Lake Elsinore/San
Jacinto Watershed
Authority
Attn: Dawna Munson
11615 Sterling Avenue
Riverside, CA 92503
951-354-4247
Robert Magee Steve Manos Yes Third Thursday of each Month at 3:00 p.m.

Northwest Mosquito
and Vector Control
District
Attn: William Van Dyke, Dist.

Mgr.
1966 Compton Avenue
Corona, CA 92881
951-340-9792
Brian Tisdale Timothy J.

Sheridan
No Third Thursday every other
Month starting in February at
4:00 p.m. at EVMWD Board
Room
Riverside County
Habitat Conservation
Agency
Attn: Janis Leonard
4080 Lemon Street, 3rd Fl
MS1032
Riverside, CA 92501
951-955-8320
Steve Manos Timothy J.

Sheridan
Yes
(First Floor – Board Room)
Riverside Transit
Agency
Attn: Joan Hepworth
1825 3rd Street
Riverside, CA 92507
951-565-5066
Timothy J.

Sheridan
Robert Magee Yes
Meetings held the Fourth
Thursday of Month at 2:00 p.m.

November and December
meetings are held the Third
Thursday at 2:00 p.m.

Riverside County
Transportation
Commission (RCTC)
Attn: Lisa Mobley, MMC
County Regional Complex
P. O. Box 12008
Riverside, CA 92502
951-787-7960
Robert Magee Natasha Johnson Yes
Second Wednesday of the
Month at 9:30 a.m. at 4080
Lemon Street (main Board
Room, 1st Floor), Riverside
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2023
Council Approval: 1/10/2023 Page 2 of 5

ORGANIZATION ADDRESS AND

CONTACT INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File 700s MEETING SCHEDULE
Southern California
Association of
Governments
SCAG
Attn: Maggie Aguilar
818 West 7th Street, 12th Floor
Los Angeles, CA 90017
213-630-1420
[email protected]
Steve Manos N/A Yes Monthly + As Needed
Western Riverside
Council of
Governments
(WRCOG)
Attn: Janis Leonard
4080 Lemon Street, 3rd Fl
MS1032
Riverside, CA 92501
951-955-8320
Brian Tisdale Robert Magee Yes
First Monday of the Month at
2:00 p.m. at Riverside County
Admin. Bldg., 4080 Lemon
Street, Riverside
EXCEPT:

January and July
Western Riverside
County Regional
Conservation
Authority Board of
Directors
(RCA)
Attn: April Boydd
3403 10th Street, Suite 320
Riverside, CA 92501
951-955-0042
Natasha
Johnson
Robert Magee Yes
1 st Monday of the month 12:30
p.m. Held at 4080 Lemon
Street, (First Floor – Board
Room), Riverside
Local Committees
Animal Shelter

JPA/SCFA
Attn: Caitlin Storm,
4080 Lemon Street, 4th Floor
Riverside, CA 92501
951-955-9760
[email protected]
Natasha
Johnson
Brian Tisdale No Annual--TBD
Crime Free Multi
Family Housing
Project
Attn: Michael Lujan
333 Limited Avenue
Lake Elsinore, CA 92530
951-245-3385
Timothy J.

Sheridan
Natasha Johnson No As Needed
EVMWD/City Group
Mtg.

Attn: Terese Quintar
31315 Chaney Street
Lake Elsinore, CA 92530
Contact: 951-674-3146 X-8223
Natasha
Johnson
Timothy J.

Sheridan
N/A No Quarterly at 4:30 p.m.

Location alternates every other
meeting (City Hall and
EVMWD)
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2023
Council Approval: 1/10/2023 Page 3 of 5

ORGANIZATION ADDRESS AND

CONTACT INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File 700s MEETING SCHEDULE
Friends of the Lake
Elsinore Library
Attn: Leiloni Purcell
31750 Machado Street
Lake Elsinore, CA 92530
951-245-0535
Timothy J.

Sheridan
Brian Tisdale
No As Needed
Historical Society Attn: Kim McElroy
P.O. Box 84
Lake Elsinore, CA 92531
951-678-1537
Robert Magee Natasha Johnson No First Tuesday of every Month at 1:00 p.m.
183 N. Main Street
Lake Elsinore, CA 92530
LEUSD/City Group
Mtg.

Attn: Mary Griggs
545 Chaney Street
Lake Elsinore, CA 92530
Contact: 951-253-7000 X-7005
Timothy J.

Sheridan
Natasha
Johnson
N/A No Bi-Monthly at 4:30 p.m.

Location alternates every other
meeting (City Hall and
LEUSD)
Lake
Elsinore/Wildomar
Joint Committee
City Manager’s Office Robert Magee
Brian Tisdale
N/A No As Needed
Move I-15 through
Temecula Valley Task
Force
City of Temecula
Randi Johl, City Clerk
Robert Magee Timothy J.

Sheridan
No Monthly
Southwest Riverside
County Energy
Authority
City Manager’s Office Steve Manos
Natasha
Johnson
N/A No Annual Meeting
City Committees
Arts & Culture
Subcommittee
Community Services
Department
Steve Manos
Natasha
Johnson
N/A No As Needed
Beautification
Committee
City Manager’s Office Brian Tisdale
Timothy J.

Sheridan
N/A No As Needed
Budget Subcommittee City Manager’s Office Brian Tisdale Natasha
Johnson
Allen Baldwin
N/A No
As Needed
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2023
Council Approval: 1/10/2023 Page 4 of 5

ORGANIZATION ADDRESS AND

CONTACT INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File 700s MEETING SCHEDULE
Dream Extreme 2040 City Manager’s Office Brian Tisdale
Robert Magee
N/A No As Needed
Economic
Development
Committee
City Manager’s Office Natasha
Johnson
Steve Manos
Alternate:

Brian Tisdale
N/A No
As Needed
Executive Project
Review Subcommittee
City Manager’s Office /
Community Development
Department
Steve Manos
Robert Magee
N/A No As Needed
Lake Elsinore Main
Street Committee
City Manager’s Office /
Community Development
Department
Timothy J.

Sheridan
Steve Manos
N/A No
As Needed
Public Facilities
Committee
City Manager’s Office /
Community Services
Department
Robert Magee
Brian Tisdale N/A No
As Needed
Special Events
Committee
Community Services
Department
Natasha
Johnson
Robert Magee
N/A No As Needed
Lake Improvement
Projects Committee
City Manager’s Office /
Community Services
Department
Robert Magee
Steve Manos
N/A No As Needed
Mining and Grading
Oversight Committee
Engineering Department Robert Magee
Brian Tisdale
N/A No As Needed
Energy and
Technology
Committee
City Manager’s Office Robert Magee
Natasha
Johnson
N/A No As Needed
City/County
Committee
City Manager’s Office Robert Magee
Brian Tisdale
N/A No As Needed
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2023
Council Approval: 1/10/2023 Page 5 of 5

ORGANIZATION ADDRESS AND

CONTACT INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File 700s MEETING SCHEDULE
City Council
Affordable Housing
Subcommittee
City Manager’s Office /
Community Development
Department
Timothy J.

Sheridan
Natasha
Johnson
N/A No As Needed
Homeless Taskforce City Manager’s Office Brian Tisdale
Natasha
Johnson
N/A No As Needed
Public Safety City Manager’s Office Natasha
Johnson
Brian Tisdale
N/A No As Needed
Cannabis Ad Hoc
Committee
Community Development
Department
Brian Tisdale
Robert Magee
N/A No As Needed
Eastside Circulation
Subcommittee
Engineering Department /
City Manager’s Office
Timothy J.

Sheridan
Robert Magee
N/A No As Needed
Lake Elsinore Motion
Picture Commission
Subcommittee
City Manager’s Office Timothy J.

Sheridan
N/A No As Needed

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 10, 2023
Subject: Appointment to the Measure Z Citizen Committee Recommendation
Reappoint Ric Greenwood to serve on the Lake Elsinore Measure Z Citizen Committee for a term expiring December 31, 2024.

Background
Following the passage of Measure Z in November 2020, a Citizen Committee was established to review and advise upon the spending and use of Measure Z funding per the Ordinance establishing the transactions and use tax. This Committee provides financial transparency and ensures this funding is used appropriately to the community's established goals and needs.

According to City Council Policy No. 200-5A, members shall be at least 18 years of age, not serve on any other Commission or be an officer or employee of the City or a person under an employment contract. Members must reside within the City Council District represented by the appointing City Council Member. Members shall be subject to a routine background check administered by the Police Department.

Discussion
According to City Council Policy No. 200-5A, the Committee includes one (1) resident member from each City's five council districts. The district's elected Council Member nominates each member. The City's elected City Treasurer also serves as an Ex-Officio, non-voting member of the Committee. Two (2) terms of appointment (Districts 1 and 3) ended on December 31, 2022.

The City Clerk's Office posted a Notice of Accepting Applications for the Measure Z Citizen Committee from October 17, 2022, through November 18, 2022. Four applications were received throughout the calendar year, and one new application was received during the application period.

MZCC Appointments

Page 2 of 2 ends

After reviewing all applications, Council Member Sheridan has selected Ric Greenwood for formal reappointment by the full City Council. The District 1 appointment will be presented at a future date.

Fiscal Impact
There are no fiscal impacts related to this item at this time.

Attachments
Attachment 1 - Ric Greenwood Application

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 10, 2023
Subject: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2022
Recommendation
Receive and file the Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2022 and related year-end reports.

Discussion
The Annual Comprehensive Annual Financial Report (Report) is the summarization of the City’s financial activity for the previous fiscal year ending June 30, 2022. The report includes summarization of significant milestones that were accomplished during the year by department, fiscal policies, and statistical information.

Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Lake Elsinore for its Reports for the fiscal year ended June 30, 2015 through 2021 consecutively. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized Report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program’s requirements and have submitted it to GFOA to determine its eligibility for another certificate.

Also included, please find copies of the Auditor’s Communication Letter, and the Auditor’s Internal Control Report.

Annual Comprehensive Financial Report

Page 2 of 2 ends

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- 2022 Annual Comprehensive Financial Report Attachment 2- 2022 Auditor's Communication Letter
Attachment 3- 2022 Auditor's Internal Control Report

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City of Lake Elsinore Fund Description
Governmental Funds
General Fund
Special Revenue Funds
Debt Service Funds
Capital Project Funds

Proprietary Funds
Internal Service Funds
Insurance Services
Information Systems Services
Support Services
Fleet Services
Facilities Services
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CITY OF LAKE ELSINORE

DIRECTORY

ELECTED OFFICIALS
Timothy J. Sheridan, Mayor
Natasha Johnson, Mayor Pro Tem
Robert E. Magee, Councilmember
Steve Manos, Councilmember
Brian Tisdale, Councilmember
Allen P. Baldwin, Treasurer
(Elected to four-year staggered terms)

ADMINISTRATION
Jason Simpson, City Manager
Shannon Buckley, Assistant City Manager
Barbara Leibold, City Attorney
Candice Alvarez, City Clerk
Andrew Elias, Police Chief
Lonny Olson, Fire Chief
Remon Habib, City Engineer
Johnathan Skinner, Director of Community Services
Vacant Position, Director of Community Development

ACFR TEAM
Jason Simpson, City Manager
Shannon Buckley, Assistant City Manager
Brendan Rafferty, Assistant Finance Director
Nancy Lassey, Finance Manager
Domenico Piazza, Sr. Accountant
Andrew Zavala, Sr. Accountant
*As of December 2022
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CITY VALUE STATEMENT
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9 Management’s Discussion and Analysis
June 30, 2022
10 GOVERNMENT-WIDE FINANCIAL ANALYSIS – Continued
Figure 1 shows expenses in relation to program revenues while Figure 2 shows the makeup of revenues.

Revenue increased by $12 million overall with a significant increase in funding from contributions and charges for services.
2021 2022 2021 2022 2021 2022
Revenues:

Program revenues:

Charges for services $20,054 $27,340 $3,729 $3,385 $23,782 $30,684 Operating contributions and grants 16,800 22,059 - - 16,800 22,001 Capital contributions and grants 14,107 14,438 - - 14,107 14,438 General revenues:

Property taxes 9,678 10,228 - - 9,678 10,228
Transient occupancy taxes 551 763 - - 551 763
Sales taxes 18,068 32,788 - - 18,068 32,788
Franchise taxes 2,763 2,919 1 - 2,764 2,919
Investment earnings 7,206 3,563 15 -15 7,221 4,106
Miscellaneous 2,809 2,416 - 25 2,809 2,441
Gain/(loss) on sale of capital assets - - - -19 - -19
Transfers -653 -1,827 653 1,827 - -
Total revenues 91,382 114,687 4,397 5,202 95,779 120,349 Expenses:

General Government 7,192 5,108 - - 7,192 5,108
Public Safety 22,583 25,502 - - 22,583 25,502
Community Development 5,675 8,050 - - 5,675 8,050
Community Services 2,359 3,555 - - 2,359 3,555
Public Services 24,953 26,550 - - 24,953 26,550
Interest on long-term debt 5,152 7,722 - - 5,152 7,722
Launch Pointe RV Resort - - 3,967 5,940 3,967 5,940
Total expenses 67,914 76,486 3,967 5,940 71,882 82,426
Changes in net position 23,452 38,201 430 -738 23,882 37,463 Restatement of net position 2,697 - - -764 2,697 -764
Net position, beginning of year 221,840 247,989 16,615 17,044 238,455 265,033 Net position, end of year $247,989 $286,190 $17,044 $15,543 $265,033 $301,733 Business-Type Activities Total
Governmental
Activities
City of Lake Elsinore
Table 2
Statement of Activities
(in thousands)
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CITY OF LAKE ELSINORE

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Net change in fund balances - total governmental funds $ 53,067,341 Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.

Capital outlay $ 14,833,297
Depreciation (7,766,210)
Gain/(loss) on sale of capital assets (123,633) 6,943,454 Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position.

Principal repayments 22,028,960
Equipment Purchase Financing Issued (3,371,468)
Issuance of new bonds (44,570,000)
Premiums/discounts from new debt issuance (616,576)
Amortization of bond premiums/discounts 585,309
Deferred gain on refunding 796,095
Amortization of deferred charges (844,988) (25,992,668) Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period. (182,826)
Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 26,335
OPEB liability expenses is an expenditure in the governmental funds, but reduce the Total OPEB Liability in the statement of net position. (639,386) Pension obligation expenses is an expenditure in the governmental funds, (883,406) but reduce the Net Pension Liability in the statement of net position.

Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. 1,507,287
Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds.

The net revenues (expenses) of the internal service funds is reported with governmental activities. 4,355,121
Change in Net Position of Governmental Activities $ 38,201,252 See Notes to Financial Statements. 26
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Lake Elsinore City CouncilJanuary 10, 2023

Lake Elsinore City Council
January 10, 2023