Agenda packet — Lake Elsinore City Council, May 23, 2023 (part 1 of 7)

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

May 23, 2023
Closed Session: NONE
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

Meeting Information
Meetings are held on the 2nd and 4th Tuesday of every month, and 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. Meetings are conducted in person, televised live on Spectrum Cable Station Channel 29 and Frontier Cable Channel 31, and streamed online at http://www.lakeelsinore.org/city-government/city-council/webcast-videos. If you are attending the meeting in person, please park in the parking lot across the street from the Cultural Center to assist us in limiting the impact of meetings on the Downtown Business District. Thank you for your cooperation.

Public Comments – Addressing the City Council
Any person wishing to address the City Council on items not included on the Agenda may do so during Public Comments for 1 minute at the beginning of the meeting or during Public Comments for 3 minutes at the end of the meeting. We respectfully ask those interested in addressing the City Council to either submit a request to speak online at http://www.lake-elsinore.org/citygovernment/agendas-and-minutes or complete and present a “Request to Speak” form to the City Clerk at the meeting. This Form is available on the table located inside the Council Chamber.

Members of the public may also provide comments on Agenda items by noting the item on the “Request to Speak” form and will be called to address the City Council when the item is considered by the City Council during the meeting.

Written Communications
If you would like to submit written public comments, you may do so prior to the meeting either by entering them online at the link above or emailing them to the City Clerk at calvarez@lakeelsinore.org. Any written communications or additional documents distributed to the City Council within 72 hours of the meeting will also be made available to the public in accordance with Government Code Section 54957.5.

Accessibility Accommodations
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) 6743124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility
City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 2 :

Dream Extreme 2040 is the City’s FIRST long-term 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 decision-making 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, long-term 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.Lake-Elsinore.org/DreamExtreme2040.

City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 3 :

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
PUBLIC COMMENTS - NON-AGENDIZED 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
1) Minutes of the Regular City Council Meeting of May 9, 2023 Approve the Minutes.
2) CC Warrant Report Dated Apr 28, 2023, to May 04, 2023 Receive and File.
3) CC Warrant Report Dated Apr 21, 2023, to Apr 27, 2023 Receive and File.
4) CC Investment Report for April 2023
Receive and file the Investment Report for April 2023.
5) Approve the Application and Authorize Acceptance of the Emergency Management Performance Grant (EMPG-22) and the State Homeland Security Grant Program (SHSGP-23) from the California Office of Emergency Services (CAL-OES) for the Fiscal Year 2023-2024

1. Approve Application and Authorize acceptance of the Emergency Management Performance Grant (EMPG-22) and the State Homeland Security Grant Program (SHSGP-23); and

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

ELSINORE, CALIFORNIA, AUTHORIZING DESIGNATED CITY EMPLOYEES

TO TAKE ACTION NECESSARY FOR OBTAINING FINANCIAL ASSISTANCE

FROM THE FEDERAL GOVERNMENT, DEPARTMENT OF HOMELAND

SECURITY SUB-GRANTED THROUGH THE STATE OF CALIFORNIA, FOR THE EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG-22), AND THE STATE HOMELAND SECURITY GRANT PROGRAM (SHSGP-23) FOR FISCAL YEARS 2023-2024.

City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 4 :
6) Citywide Landscaping and Street Lighting District and the Landscaping and Street Lighting District No. 1 for the Fiscal Year 2023-24 Ordering the Preparation and Approval of Engineers' Reports and Resolutions of Intention

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

ELSINORE, CALIFORNIA, ORDERING THE PREPARATION OF AN

ENGINEER'S REPORT FOR THE CITYWIDE LANDSCAPING AND STREET LIGHTING DISTRICT (CITYWIDE LLMD);

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

ELSINORE, CALIFORNIA, APPROVING THE ENGINEER'S REPORT FOR THE CITYWIDE LLMD;

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

ELSINORE, CALIFORNIA, DECLARING COUNCIL'S INTENTION TO PROVIDE

FOR AN ANNUAL LEVY AND COLLECTION OF ASSESSMENTS IN THE CITYWIDE LLMD AND SETTING A PUBLIC HEARING FOR JULY 11, 2023;

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

ELSINORE, CALIFORNIA, ORDERING THE PREPARATION OF AN

ENGINEER'S REPORT FOR THE LANDSCAPING & STREET LIGHTING MAINTENANCE DISTRICT NO. 1 (LLMD NO.1);

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

ELSINORE, CALIFORNIA, APPROVING THE ENGINEER'S REPORT FOR THE LLMD NO.1; and

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

ELSINORE, CALIFORNIA, DECLARING COUNCIL'S INTENTION TO PROVIDE

FOR AN ANNUAL LEVY AND COLLECTION OF ASSESSMENTS IN THE LLMD NO. 1 AND SETTING A PUBLIC HEARING FOR JULY 11, 2023.
7) Cooperative Agreement to Provide Fire Protection, Fire Prevention, Rescue, and Medical Emergency Services for the City of Lake Elsinore Approve and Authorize the Mayor to execute the Cooperative Agreement with the County of Riverside to provide Fire Protection, Fire Prevention, Rescue, and Medical Emergency Services for the City of Lake Elsinore through June 30, 2026, subject to County Counsel approval.
8) Annual Progress Report on the Lake Elsinore General Plan and Housing Element for Calendar Year 2022
Receive and file the City’s Annual General Plan and Housing Element Progress Report for Calendar Year 2022 and acknowledge submittal of the Housing Element portion of the Annual Report and direct staff to transmit the remainder of the General Plan 2022 Annual Progress Report to Department of Housing and Community Development (HCD) and the Governor's Office of Planning and Research (OPR).

City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 5 :
9) Amendment No. 1 to the Professional Services Agreement with Ardurra Group, Inc.

Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with Ardurra Group, Inc. for an additional $19,950.00 bringing the total contract amount not to exceed $139,129.00 in final form as approved by the City Attorney.
10) Professional Services Agreement for Dry Utilities
Approve and authorize the City Manager to execute an Agreement for Professional Services with Monument in an amount of $103,500 plus an additional 10% contingency in such final form as approved by the City Attorney. 11) Kassab Travel Center Haul Route
Approve the request for the haul route including hours of operation for the Kassab Travel Center project and authorize the Mayor and City Manager to execute the haul route construction agreement.
12) TR 28214-9 Alberhill Haul Route

1. Approve the request for the haul route, including hours of operation for Tract 28214-9 Alberhill residential development; and, 2.Approve and authorize the Mayor and City Manager to execute the haul route Agreement for Construction of Improvements.
13) Professional Services Agreement with Wilson Mikami Corporation for SB 821 Bicycle and Pedestrian Facilities Program Projects
Approve and authorize the City Manager to execute the Agreement for Professional Services to Wilson Mikami Corporation for design of the SB 821 Bicycle and Pedestrian Facilities Program Lakeshore Drive Sidewalk Improvement Project in the amount of $79,700 plus 10% in contingency in such final form approved by the City Attorney.
14) I-15/SR-74 (Central Ave) Interchange Improvements PA&ED Phase Amendment No. 2 With HDR Engineering Inc.

Approve and authorize the City Manager to execute an contract with HDR Engineering, Inc. in an amount $130,236.72 plus 10% in contingency to complete additional environmental tasks as required by the latest Caltrans guidance document, in such final form as approved by the City Attorney.
15) Construction Contract Award for the Highway Safety Improvement Program (HSIP) Cycle 9 Traffic Signal Improvements Project - Cip Z10066

1. Approve and authorize the City Manager to execute an agreement with Select Electric, Inc., for the HSIP Cycle 9 Traffic Signal Improvements Project in an amount not to exceed $1,595,295.00 in such final form as approved by the City Attorney;
City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 6 :

2. Authorize the City Manager to execute change orders not to exceed 10% contingency of $159,529.50 for uncertainties and adjustments; and

3. Authorize City Engineer to record the Notice of Completion once it is determined the work is complete and the improvements are accepted by the City
16) SB-1 Resolution for Mountain Street Tracts Pavement Resurfacing Project FY 23/24
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2023-2024 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017
17) Professional Civil Engineering Services for Wilson Mikami Corporation, Inc. for the Design of Bushman & Lakeshore Storm Drain Replacement Project Approve and authorize the City Manager to execute a contract with Wilson Mikami Corporation, Inc. for professional design services in the amount of $31,800.00 plus an additional $5,000 in contingency in such final form as approved by the City Attorney.
18) Purchase of Battery-Operated Extrication Equipment from Western Extrication Specialist, Inc.

Approve the purchase of two sets of new battery-operated extrication equipment from Western Extrication Specialist, Inc. for $35,641.14.
19) Riverpark Mitigation Bank Credit Reservation Agreement for Summerhill Drive Road Extension Project
Authorize the City Manager to execute Mitigation Credit reservation Agreement in the amount of $128,350.00, which can be applied towards the purchase or mitigation credits, in final form as approved by the City Attorney

SUCCESSOR AGENCY CONSENT CALENDAR
20) Minutes of the Regular Successor Agency Meeting of May 9, 2023 Approve the Minutes.
21) SA Warrant Report Dated Apr 21, 2023, to Apr 27, 2023 Receive and File.
22) SA Warrant Report Dated Apr 28, 2023, to May 04, 2023 Receive and File.
23) SA Investment Report for April 2023
Receive and file the Investment Report for April 2023.

City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 7 :

BUSINESS ITEM
24) Planning Commission Terms
Option 1

1. Extend the terms of office for Planning Commissioners as follows:
• Commissioner Peters to June 30, 2027 (currently June 30, 2026) • Commissioner Carroll to June 30, 2025 (currently June 30, 2024) • Commissioner Gray to June 30, 2025 (currently June 30, 2024) (see discussion in staff report regarding follow-up two year term) • the currently vacant seat for District 4 to June 30, 2025 (currently June 30, 2026)
• the soon-to-be-vacant seat for District 5 to June 30, 2025 (currently June 30, 2024); 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 IN ITS ENTIRETY CHAPTER 2.24 (PLANNING COMMISSION) OF THE LAKE ELSINORE MUNICIPAL CODE.

Or
Option 2

1. Extend the terms of office for Planning Commissioners as follows:
• Commissioner Peters to December 31, 2026 (currently June 30, 2026) • Commissioner Carroll to December 31, 2024 (currently June 30, 2024) • Commissioner Gray to December 31, 2024 (currently June 30, 2024) (see discussion in staff report regarding follow-up two year term) • the currently vacant seat for District 4 to December 31, 2024 (currently June 30, 2026)
• the soon-to-be-vacant seat for District 5 to December 31, 2024 (currently June 30, 2024)

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 IN ITS ENTIRETY CHAPTER 2.24 (PLANNING COMMISSION) OF THE LAKE ELSINORE MUNICIPAL CODE; and

3. Amend Council Policy No. 200-5A Section G(1) regarding the selection of a Chair and Vice Chair.

PUBLIC COMMENTS - NON-AGENDIZED 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 COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
City Council Agenda - Final May 23, 2023
City of Lake Elsinore Page 8 :

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, June 13, 2023 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

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 7:30 a.m. on Friday, May 19, 2023.

_________________________
Candice Alvarez, MMC
City Clerk

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: May 23, 2023
Subject: Minutes of the Regular City Council Meeting of May 9, 2023 Recommendation
Approve the Minutes.

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

May 09, 2023
Closed Session: NONE
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 7:00 P.M.

The Regular Meetings of the City Council and the Successor Agency were called to order at 7:00 p.m.

PLEDGE OF ALLEGIANCE
Council Member Sheridan led the Pledge of Allegiance.

MOMENT OF SILENCE

ROLL CALL

Present: 4 - Council/Agency Members Sheridan and Magee; Mayor Pro Tem/Vice Chair Manos; and Mayor/Chair Johnson

Absent: 1 - Council/Agency Member Tisdale

PRESENTATIONS/CEREMONIALS
1) Public Works Week
Present a Proclamation proclaiming the week of May 21-27, 2023, as “National Public Works Week” in the City of Lake Elsinore.

Mayor Johnson presented the Proclamation to Public Works Manager Rick DeSantiago and Public Works Superintendent Francisco Diaz.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - ONE MINUTE
Ace Vallejos was called to speak.

Dylan Stark was called to speak.

City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 2 :

CITY COUNCIL CONSENT CALENDAR
A motion was made by Council Member Magee, seconded by Mayor Pro Tem Manos to approve the City Council Consent Calendar with Agenda Item No. 6 being removed for discussion. The motion carried by the following vote:

Aye: 4 Council Members Sheridan and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Tisdale
2) Minutes of the Regular City Council Meeting of April 25, 2023 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 3) CC Warrant Report Dated Apr 07, 2023 to Apr 13, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 4) CC Warrant Report Dated Apr 14, 2023 to Apr 20, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 5) On-call Services Agreement With Area 63 Productions, LLC Approve and authorize the City Manager to execute the On-Call Services Agreement with Area 63 Productions, LLC for On-Call Training and RV Repair Services in an amount not to exceed $80,000 per fiscal year, and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 6) Notice of Decision - Planning Commission Approval of Planning Application No. 2018-64 Approving Design Review for 344 Detached Single-Family Residences and Related Improvements in Tract No. 28214-9 of the Murdock Alberhill Ranch Specific Plan
Receive and file the Notice of Decision for Planning Application No. 2018-64 approved by the Planning Commission on April 18, 2023.

This item was removed from the City Council Consent Calendar for discussion.

City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 3 :
7) Professional Services Agreement with HELIX Environmental Planning, Inc. for Environmental Documentation for The Cove Project
Approve and authorize the City Manager to execute an Agreement for Professional Services with HELIX Environmental Planning, Inc. to prepare California Environmental Quality Act (CEQA) compliance documents in the amount not to exceed $53,400, in such final form as approved by City Attorney.

This item was approved on the City Council Consent Calendar. 8) Amendment No. 1 With Dost Engineering for SB 821 Bicycle and Pedestrian Facilities Program Downtown Project
Approve and Authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with Dost Engineering for an additional $9,600.00 bringing the total contract amount to $57,500 in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 9) Agreement for Wildland Protection Services
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE

THE CALIFORNIA DEPARTMENT OF FORESTRY AND FIRE AGREEMENT FOR WILDLAND PROTECTION SERVICES FOR THE FISCAL YEAR 2023-2024.

This item was approved on the City Council Consent Calendar.

ITEMS REMOVED FROM THE CITY CONSENT AGENDA FOR DISCUSSION 6) Notice of Decision - Planning Commission Approval of Planning Application No. 2018-64 Approving Design Review for 344 Detached Single-Family Residences and Related Improvements in Tract No. 28214-9 of the Murdock Alberhill Ranch Specific Plan
Receive and file the Notice of Decision for Planning Application No. 2018-64 approved by the Planning Commission on April 18, 2023.

A motion was made by Mayor Pro Tem Manos, seconded by Council Member Magee to receive and file the Notice of Decision. The motion carried by the following vote:

Aye: 4 Council Members Sheridan and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Tisdale
City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 4 :

SUCCESSOR AGENCY CONSENT CALENDAR
A motion was made by Agency Member Magee, seconded by Agency Member Sheridan to approve the Successor Agency Consent Calendar. The motion carried by the following vote:

Aye: 4 Agency Members Sheridan and Magee; Vice Chair Manos; and Chair Johnson
Nay: 0 None

Absent: 1 Agency Member Tisdale
10) Minutes of the Regular Successor Agency Meeting of April 25, 2023 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 11) SA Warrant Report Dated Apr 07, 2023 to Apr 13, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 12) SA Warrant Report Dated Apr 14, 2023 to Apr 20, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARINGS
13) Planning Application No. 2018-02 (New Ventures) – A Request for Approval of Tentative Tract Map No. 38616 and a Conditional Use Permit to Subdivide an Approximately 0.34-Acre Parcel into One Lot for Condominium Purposes and to Convert an Existing Apartment Complex into Five Residential Condominium Units Located at the Northwest Corner of Graham Avenue and Lowell Street

1. Find that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(k) (Existing Facilities);

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

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2018-02 (CONDITIONAL USE PERMIT NO. 2023-03 AND TENTATIVE TRACT MAP NO. 38616) IS CONSISTENT WITH THE WESTERN

RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP);
City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 5 :

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE TRACT MAP NO. 38616 TO SUBDIVIDE AN APPROXIMATELY 0.34-ACRE PARCEL INTO ONE LOT FOR

CONDOMINIUM PURPOSES AND TO CONVERT AN EXISTING APARTMENT COMPLEX INTO FIVE RESIDENTIAL CONDOMINIUM UNITS LOCATED AT APN:
374-183-018; and

4. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING CONDITIONAL USE PERMIT NO. 2023- 03 TO ESTABLISH A FIVE-UNIT RESIDENTIAL CONDOMINIUM ON AN APPROXIMATELY 0.34-ACRE PARCEL LOCATED AT APN: 374-183-018.

The Public Hearing was opened at 7:15 p.m.

Interim Assistant Community Director Abraham presented the staff report.

There were no speakers.

The Public Hearing was closed at 7:17 p.m.

A motion was made by Mayor Pro Tem Manos, seconded by Council Member Magee to approve Staff’s recommendations. The motion carried by the following vote:

Aye: 4 Council Members Sheridan and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Tisdale
14) Planning Application No. 2019-47 (Tentative Parcel Map No. 38614) – a Request to Subdivide an 8.46-acre Site into Four (4) Parcels Ranging in Size From 0.97 Acres to 2.9 Acres, and One (1) 1.6-acre Remainder Parcel Located on the Southeast Corner of Riverside Drive and Collier Ave

1. Find that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15183(A);

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

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2019-47 (TENTATIVE PARCEL MAP NO. 38614) IS

CONSISTENT WITH THE WESTERN RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP); and

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 38614 TO SUBDIVIDE AN 8.46 ACRE SITE INTO FOUR PARCELS RANGING IN SIZE FROM

0.97 ACRES TO 2.9 ACRES AND ONE 1.6-ACRE REMAINDER PARCEL.

The Public Hearing was opened at 7:18 p.m.

Interim Assistant Community Director Abraham presented the staff report.

City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 6 :

Jeanie Corral was called to speak.

The Public Hearing was closed at 7:22 p.m.

A motion was made by Mayor Pro Tem Manos, seconded by Council Member Magee to approve Staff’s recommendations. The motion carried by the following vote:

Aye: 4 Council Members Sheridan and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Tisdale

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
Jeanie Corral was called to speak.

CITY MANAGER'S COMMENTS
City Manager Simpson had no comments.

CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Sheridan reported on his attendance at the Riverside Transit Agency Transportation Now meeting on April 26, 2023, Board of Directors meeting on April 27, 2023, and Budget & Finance Committee meeting on May 3, 2023; and encouraged residents to volunteer to raise a service dog in-training.

Council Member Magee invited residents to attend the SCCA Autocross weekend on Saturday and Sunday, May 13-14, 2023 at Diamond Stadium; and invited the community to participate in the 10th Annual Lake Elsinore Dream Extreme Fishing Derby on May 19-21, 2023 at Launch Pointe.

Mayor Pro Tem Manos reported on his attendance at the Southern California Association of Governments Regional Conference & General Assembly May 4-5, 2023; and commented on the algae test results and lake levels.

Mayor Johnson advised that the City is collaborating with Senator Padilla and Senator Feinstein regarding appropriations to reduce the phosphorus levels in the lake; reported on her attendance at the Western Riverside County Regional Conservation Authority meeting on May 1, 2023 and the Animal Friends of the Valleys meeting on Thursday, May 4, 2023; encouraged residents to use the Alert LE app; congratulated the Lake Elsinore Valley Chamber of Commerce Students of the Year; and shared her participation in the Cops 4 Kids Golf Tournament which was held on May 5, 2023.

City Council Minutes - Draft May 09, 2023
City of Lake Elsinore Page 7 :

ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:42 p.m. to the next Regular meeting of Tuesday, May 23, 2023 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

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

Attachments
Attachment 1 - City Warrant Summary
Attachment 2 - City Warrant List
APR 28, 2023 TO MAY 04, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 148,831.35
103 THE ANCHOR 1,478.22
110 GAS TAX 6,383.45
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 9,069.30 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 1,474.56 180 LAUNCH POINTE 44,130.96
305 INFORMATION SYSTEMS SERVICE 1,894.59
310 SUPPORT SERVICE 2,666.58
315 FLEET SERVICE 5,287.85
320 FACILITIES SERVICE 130,047.09
500 CAPITAL IMPROVEMENT PLAN 396,966.56
617 HOUSING 3,962.50
GRAND TOTAL $ 752,193.01
Attachment 1 1 of 1
APR 28, 2023 TO MAY 04, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23003933 ALLEGRA MARKETING PRINT MAIL $ 141.38
APA23003934 AMAZON BUSINESS 958.74
APA23003936 AMERICAN ALLIANCE DRUG TESTING 175.00
APA23003937 AMERICAN MATERIAL COMPANY 1,009.41
APA23003938 ARDURRA GROUP, INC. 2,040.00
APA23003939 AREA 63 PRODUCTIONS 10,285.00
APA23003940 AZTECA CLEANING SERVICES LLC 3,750.00
APA23003941 BEACON ATHLETICS 2,665.47
APA23003942 BLACK TIE LAUNDRY 688.76
APA23003943 CALIFORNIA, DEPARTMENT OF JUSTICE 350.00
APA23003944 CDW GOVERNMENT, INC. 341.91
APA23003945 CED LAGUNA 26,431.54
APA23003946 CENTURY LINK 49.79
APA23003947 CHANDLER AGGREGATES, INC. 19.14
APA23003948 CHARTER COMMUNICATIONS 201.15
APA23003949 CHARTER COMMUNICATIONS 28.30
APA23003950 COTTER CONSTRUCTION, INC. 17,000.00
APA23003951 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 422.00 APA23003952 CREATIVE INDUSTRIES MEDIA GROUP 600.00
APA23003953 DAVID TURCH & ASSOCIATES 3,500.00
APA23003954 DECOR IQ, LLC 125,880.00
APA23003955 DISCOUNT HAULING & CLEANUP SERVICE 18,315.00 APA23003956 EVMWD 34,666.72
APA23003957 EXCEL LANDSCAPE, INC. 700.00
APA23003958 FCG CONSULTANTS, INC. 54,484.08
APA23003959 FRONTIER CALIFORNIA - INTERNET 131.86
APA23003960 FRONTIER CALIFORNIA, INC. 3,541.07
APA23003961 GUIDA SERVEYING, INC. 7,782.53
APA23003962 HI-WAY SAFETY, INC. 4,219.77
APA23003963 HOSSAIN, AHMED 559.80
APA23003964 INNOVATIVE DOCUMENT SOLUTIONS 2,666.58
APA23003965 JOHNSON EQUIPMENT CO. 4,188.42
APA23003967 LAKE ELSINORE TIRE & AUTO, INC. 168.25
APA23003968 LANDSCAPE CENTER, THE 97,012.50
APA23003969 MINUTEMAN PRESS 878.38
APA23003970 NPG, INC. 80,151.05
APA23003971 O.W. LEE COMPANY, INC. 36,882.65
APA23003972 PRUDENTIAL OVERALL SUPPLY 436.30
APA23003973 QUINN COMPANY 4,347.29
APA23003974 RIGHTWAY SITE SERVICES, INC. 687.86
APA23003975 ROBBINS PEST MANAGEMENT, INC. 1,230.00
APA23003976 RODRIGUEZ, ARTURO 200.00
APA23003977 RSG, INC. 3,962.50
Attachment 2 1 OF 2
APR 28, 2023 TO MAY 04, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23003978 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23003979 SHRED-IT USA, LLC 85.60
APA23003980 SILVER & WRIGHT, LLP 2,271.52
APA23003981 SOUTHERN CALIFORNIA EDISON CO. 37,934.60
APA23003982 STAPLES ADVANTAGE 96.17
APA23003983 STK ARCHITECTURE, INC. 21,256.00
APA23003984 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 33.00 APA23003985 SUNBELT RENTALS, INC. 333.07
APA23003986 TRB AND ASSOCIATES, INC. 7,701.97
APA23003987 TRI-STAR ELECTRIC 2,856.00
APA23003989 VULCAN MATERIALS COMPANY 2,555.34
APA23003990 WALMART COMMUNITY 74.88
APA23003991 WESTERN RIVERSIDE COUNCIL OF GOVT'S 40,416.00 APA23003992 WKE, INC. 8,255.97
APA23003993 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 3,560.32 APA23003994 TRAUMA INTERVENTION PROGRAM 10,000.00
APA23003995 USA SHADE & FABRIC STRUCTURES 43,079.92
DFT230358 SOUTHERN CALIFORNIA EDISON - SCE INSTALL (819.02) DFT230390 FRONTIER CALIFORNIA - INTERNET 460.98
DFT230409 DISH 137.19
DFT230439 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 844.00 5517 AMERICAN EXPRESS 14,178.50
GRAND TOTAL $ 752,193.01
Attachment 2 2 OF 2

Page 1 of 1 ends

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

Attachments
Attachment 1 - City Warrant Summary
Attachment 2 - City Warrant List
APR 21, 2023 TO APR 27, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 671,022.82
103 THE ANCHOR 8,501.56
105 MISC. GENERAL PROJECTS 6,379.00
110 GAS TAX 5,090.92
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 22,173.17 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 12,703.69 180 LAUNCH POINTE 68,140.79
300 INSURANCE SERVICES (11,386.39)
305 INFORMATION SYSTEMS SERVICE 23,759.28
310 SUPPORT SERVICE 3,021.08
315 FLEET SERVICE 21,735.34
320 FACILITIES SERVICE 20,346.96
500 CAPITAL IMPROVEMENT PLAN 105,789.31
608 TRUST DEPOSITS 25,001.44
617 HOUSING 5,709.42
620 COST RECOVERY TRUST DEPOSITS (26,177.31)
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 81.38
GRAND TOTAL $ 961,892.46
Attachment 1 1 of 1
APR 21, 2023 TO APR 27, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23003873 $99 PC REPAIR CENTERS $ 102.61
APA23003874 ABOVE ALL NAMES CONSTRUCTION, INC. 8,273.00 APA23003875 AMAZON BUSINESS 471.89
APA23003876 ANIMO LIMITED LLC 500.00
APA23003877 AUTOMATED GATE SERVICES, INC 684.00
APA23003878 AXON ENTERPRISE, INC. 829.00
APA23003879 BEACON ATHLETICS 11,617.59
APA23003880 BLACK TIE LAUNDRY 423.56
APA23003881 BLAIS & ASSOCIATES, INC. 6,379.00
APA23003882 CDW GOVERNMENT, INC. 668.01
APA23003883 CHEN RYAN ASSOCIATES, INC. 7,691.98
APA23003884 CINTAS CORPORATION NO. 2 215.97
APA23003885 DAVID EVANS AND ASSOCIATES, INC. 3,100.74
APA23003886 DEPT. OF FORESTRY & FIRE PROTECTION 58,306.78 APA23003887 DOST ENGINEERING 22,565.60
APA23003888 EVMWD 5,149.42
APA23003889 EXCEL LANDSCAPE, INC. 17,258.79
APA23003890 FARAHANI, REZA 500.00
APA23003891 FIRE ETC. 626.40
APA23003892 FLOCK SAFETY 800.00
APA23003893 FRONTIER CALIFORNIA - INTERNET 796.66
APA23003894 FRONTIER CALIFORNIA, INC. 823.99
APA23003895 GREAT AMERICA FINANCIAL SERVICES 3,021.08
APA23003896 HANCOCK, LORENA 4,161.75
APA23003898 HEFINGTON MARTIAL ARTS 356.25
APA23003899 HEMET FENCE CORP 4,400.00
APA23003900 IMPACT PROMOTIONAL PRODUCTS 282.75
APA23003901 JOLLY JUMPS 1,915.00
APA23003902 KPA SERVICES, LLC 486.00
APA23003903 LAKE ELSINORE TIRE & AUTO, INC. 100.33
APA23003904 LITTLE RASCALS JUMPERS 4,664.00
APA23003905 LIUNA LOCAL 777 720.00
APA23003906 LOWE'S 7,192.82
APA23003907 MAXIMUM SIGNS 10,784.00
APA23003908 MIG 3,180.00
APA23003909 MISSION SQUARE RETIREMENT 6,984.00
APA23003910 MISSION SQUARE RETIREMENT 377.58
APA23003911 MURRIETA LOCK & SAFE, INC. 1,044.80
APA23003912 O'REILLY AUTO STORES INC/FIRST CALL 388.93
APA23003913 PINO, KAREN 375.00
APA23003914 PUBLIC SAFETY ENTERPRISE COMMUNICATION 932.04 APA23003915 RIGHTWAY SITE SERVICES, INC. 3,685.59
APA23003916 ROBBINS PEST MANAGEMENT, INC. 1,490.00
APA23003917 RP LANDSCAPE & IRRIGATION 6,521.97
Attachment 2 1 OF 3
APR 21, 2023 TO APR 27, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23003918 SERVICE FIRST 12,376.00
APA23003919 SHAYAN SAFAI 24,501.44
APA23003920 SHRED-IT USA, LLC 84.00
APA23003921 SMAX ENTERTAINMENT, LLC 1,850.00
APA23003922 SOUTHERN CALIFORNIA EDISON CO. 18,390.48
APA23003923 STAUFFER LAWN EQUIPMENT 1,539.81
APA23003924 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,250.00 APA23003925 SUPERTOTS & SKYHAWKS SPORTS ACADEMIES 753.75 APA23003926 TALALY TENNIS 351.00
APA23003927 TEAM AUTOAID, INC. 469.55
APA23003928 TRENCH SHORING COMPANY 94.80
APA23003929 VORTEX USA 8,235.12
APA23003930 WALDO, CAROLYN 1,200.00
APA23003931 WAXIE SANITARY SUPPLY 2,743.69
APA23003932 WKE, INC. 3,252.49
DFT230372 FRONTIER CALIFORNIA - INTERNET 663.73
DFT230373 FRONTIER CALIFORNIA - INTERNET 468.20
DFT230392 JOHNSON, NATASHA (40.88)
DFT230393 DEPARTMENT OF MOTOR VEHICLES (322.00)
DFT230394 HANCOCK, LORENA (4,072.50)
DFT230395 EXCEL LANDSCAPE, INC. (1,216.77)
DFT230396 THOMSON REUTERS - WEST PUBLISHING CORP. (461.60) DFT230397 VERIZON WIRELESS (#13) (167.91)
DFT230398 TROUT ELECTRIC (11,891.80)
DFT230399 GRISSO, TONY (480.39)
DFT230400 MIG (5,927.66)
DFT230401 INLAND URGENT CARE,MEDICAL CORP (95.00)
DFT230402 RIVERSIDE COUNTY SHERIFF'S OFFICE 558.81
DFT230403 COLONIAL LIFE 102.36
DFT230404 FRANCHISE TAX BOARD 700.00
DFT230405 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230406 CALPERS 90,554.50
DFT230407 LEGAL SHIELD 104.65
DFT230408 NATIONWIDE TRUST COMPANY, FSB 1,089.62
DFT230414 PRATS, MABEL A. (2,450.00)
DFT230415 PRATS, MABEL A. (2,550.00)
DFT230416 PRATS, MABEL A. (2,450.00)
DFT230417 INTERNAL REVENUE SERVICE 198.50
DFT230418 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 800.80 DFT230419 INTERNAL REVENUE SERVICE 118,017.46
DFT230420 FRANCHISE TAX BOARD 22,682.44
DFT230421 STATE DISBURSEMENT UNIT 134.30
DFT230422 STATE DISBURSEMENT UNIT 438.46
DFT230423 PAYCHEX OF NEW YORK, LLC 1,302.43
Attachment 2 2 OF 3
APR 21, 2023 TO APR 27, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
DFT230424 TASC 3,970.34
DFT230437 CALPERS 68,293.77
DFT230438 CALPERS 105.80
PR04272023 NET PAYROLL 312,067.68
5488 DOWNS ENERGY 423.72
5491 ENDRESEN DEVELOPMENT, INC. 1,026.35
5497 ENDRESEN DEVELOPMENT, INC. 5,971.20
5500 ENDRESEN DEVELOPMENT, INC. 6,703.80
5501 HDR ENGINEERING, INC. 22,404.66
5502 LEIBOLD, MCCLENDON & MANN, PC 5,709.42
5503 PURSUIT ELECTRIC, INC. 7,225.00
5504 DOWNS ENERGY 5,671.69
5505 ENDRESEN DEVELOPMENT, INC. 9,461.74
5506 ENDRESEN DEVELOPMENT, INC. 576.00
5507 ENDRESEN DEVELOPMENT, INC. 576.00
5508 ENDRESEN DEVELOPMENT, INC. 576.00
5509 ENDRESEN DEVELOPMENT, INC. 576.00
5511 ENDRESEN DEVELOPMENT, INC. 576.00
5512 ENDRESEN DEVELOPMENT, INC. 576.00
5513 ENDRESEN DEVELOPMENT, INC. 1,657.49
5514 HDR ENGINEERING, INC. 4,635.38
5515 REGIONAL FIRST AID, INC. 250.66
5516 WEST COAST ARBORISTS, INC. 8,077.00
GRAND TOTAL $ 961,892.46
Attachment 2 3 OF 3

Page 1 of 1 ends

Discussion
The Investment Report lists all funds invested for the City as the date shown on the report. The Review of the Investment Performance for the quarter ended March 31, 2023, is included.

Fiscal Impact
No fiscal impact
Attachments
Attachment 1- Investment Report for April 2023

CITY OF LAKE ELSINORE

INVESTMENT REPORT

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 April 30, 2023

BANK DEPOSITS

IN TRANSIT

OUTSTANDING
CHECKS
BOOK

CASH ACCOUNTS
Bank Accounts:

BALANCE BALANCE
General Checking Account $ 3,967,554 $ 101,872 $ (162,631) $ 3,906,795 Cash On Hand:

Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
-
-
-
-
-
-
300
2,000
Total Cash Accounts 3,967,554 101,872 (162,631) 3,909,095

INVESTMENTS
Local Agency Investment Funds 63,559,580 - - 63,559,580 CAMP Investments:

CAMP Pool Account 342,105
27,304,176
1,133,455
1,536,023
1,052,836
5,011,578
11,424,535
900,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
342,105
27,304,176
1,133,455
1,536,023
1,052,836
5,011,578
11,424,535
900,000
U.S. Treasury Bond / Note
Supra-National Agency Bond / Note
Municipal Bond / Note
Federal Agency Commercial Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Asset-Backed Security 2,952,992 2,952,992
Sub-total Investments 115,217,279 - - 115,217,279
Market Value Adjustment:

Unrealized Gain/(Loss) at 03/31/2023 (2,162,400) - - (2,162,400) Total Investments 113,054,880
117,022,434
- - 113,054,880
Total Pooled Cash and Investments $ $ 101,872 $ (162,631) $ 116,963,974 TOTAL POOLED CASH AND INVESTMENTS $ 116,963,974
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
City Manager
May 12, 2023
Date

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 April 30, 2023

FUND NO FUND NAME
General
AMOUNT
100
101
102
106
107
108
110
112
114
115
117
118
119
135
140
160
180
202
203
205
211
221
231
232
300
305
310
315
320
331
332
333
334
335
336
337
338
339
340
345
346
347
350
354
355
$ 20,246,086
Supplemental Law Enforcement 8,333
Measure Z 18,110,918
629,289
60,217
Affordable Housing In Lieu
Developer Agreement Revenue
American Rescue Plan 9,395,048
1,104,646
1,590,745
53,561
State Gas Tax
Measure A
SB1186 CASP Education Program
Traffic Safety 8,968
Community Center DIF 143,664
246,841
17,429
Lake Side Facility DIF
Animal Shelter DIF
Lighting & Landscape Maintenance - Dist. No. 1
Geothermal
860,371
11,723
PEG Grant 77,247
Launch Pointe 1,102,022
La Strada RBBD 23,908
E.L.S.P. - S.T.I.F. 3,371,464
141,351
3,087,936
60,327
Traffic Impact Fee
Storm Drain C.I.P.

Quimby Park C.I.P.

Library C.I.P. 1,320,838
551,332
1,530,270
2,344,997
10,895
City Fire Protection
Insurance Service
Information Systems Service
Support Service
Fleet Service 291,926
2,304,336
40,852
Facilities Service
CFD 2006-1CC Summerly Improvement Area CC
CFD 2006-1 Improvement Area B, Summerly
CFD 2015-3 Terracina
27,304
1,362
CFD 2015-5 Trieste - Far West Industries
CFD 2003-2E Canyon Hills Improvement Area E
CFD 2006-1FF Summerly Improvement Area FF
CFD 2016-2 Canyon Hills
CFD 2006-1 IA-JJ Summerly Improvement Area
CFD 2006-1 IA-KK Summerly Improvement Area
CFD 2006-1 IA-EE Summerly Improvement Area
CFD 2003-2 Improvement Area D, Canyon Hills
CFD 2014-1 Southshore
39,783
11,765
33,921
158,135
51,371
21,871
48,944
527,848
68,141
CFD 2006-1 Improvement Area A, Summerly
CFD 98-1 Summerhill
56,743
337,808
611,541
269,587
CFD 90-2 Tuscany Hills
RAD 2021-1 Canyon Hills Improvement

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 April 30, 2023

FUND NO FUND NAME AMOUNT
357 16,973
361
362
363
366
368
369
370
371
372
374
375
377
378
384
385
386
387
388
390
392
394
395
500
540
603
604
605
606
608
617
CFD 2003-2 Canyon Hills Improvement Area
CFD 2022-2 Lakeshore Improvement
CFD 2006-8S Running Deer Estates Services
CFD 2022-3 Lakeside
13,533
10,222
20,448
CFD 2005-6 City Center Townhomes
CFD 2006-2 Viscaya
85,585
136,611
410,918
34,094
CFD 2004-3 Area 1 Rosetta Canyon Improvement Area
CFD 2006-1 IA-HH Summerly Improvement
CFD 2005-1 Serenity 157,050
411,404
1,632
CFD 2005-2 Alberhill Ranch Improvement Area
CFD 2005-4 Lakeview Villas
CFD 2006-4 Clurman 121,445
CFD 2006-6 Tessara 19,176
CFD 2006-8 Running Deer Estates
CFD 2003-2 Area B Canyon Hills Improvement Area
CFD 2004-3 Area 2 Rosetta Canyon Improvement Area
CFD 2007-4 Mekenna Court
29,225
574,212
485,481
37,313
CFD 2007-5 Red Kite 26,391
CFD 2007-6 Holiday Inn Express
CFD 2003-2 Area C Canyon Hills Improvement Area
CFD 95-1 City Center
2,249
80,960
19,639
CFD 2005-5 (2012A) Wasson Canyon
CFD 2018-1 Wasson Canyon II Improvement Area
Capital Improvement Plan
100,431
4,547
5,300,773
1,302,377
58,773
Successor To RDA Diamond Stadium
Endowment Trust - Carl Graves
Endowment Trust - Korn Memorial
Public Improvement Trust
33,685
1,675,842
256,795
1,509,433
27,855,215
Mobile Source Air Polution Reduction
Trust Deposit & Pre Paid Expense
Successor Agency Housing
620
631
655
Cost Recovery System 4,635,561
509,665
12,652
Lake Destratification Equipment Replacement
CFD 2015-1s Law, Fire, Paramedic Services
Total Pooled Cash & Investments $ 116,963,974

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 April 30, 2023

MAXIMUM

PERCENTAGE

DIVERSIFICATION

PERCENTAGE

CURRENT

TYPES OF SECURITIES BALANCE
CAMP - Pooled Sweep Account
U.S. Treasury Bond / Note
Unlimited
Unlimited
30%

0.30% $
$
$
$
$
342,105

23.70%

0.98%
27,304,176
1,133,455
1,536,023
1,052,836
Supra-National Agency Bond / Note
Municipal Bond / Note Unlimited
40%

1.33%
Federal Agency Collaterized Mortgage Obligation 0.91%
(1) Federal Agency Bond / Note
Corporate Note
Unlimited
30%

4.35%

9.92%

0.78%

2.56%
$
$
$
$
5,011,578
11,424,535
Negotiable Certificates of Deposit 900,000
Asset-Backed Security / Collaterized Mortgage
30%
20% 2,952,992
(2) LAIF (Local Agency Investment Funds)
TOTAL
$150 Million 55.16% $
$
63,559,580
100.00% 115,217,279
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies.

Investment in LAIF may not exceed $75 million in each agency. (2) Local Agency Investment Fund

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 April 30, 2023
Yield Purchase Date Maturity Rate

2.870% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance 63,559,580
Total Investments Held with
Local Agency Investment Fund: $ 67,511,627 $ (3,952,047) $ Note:

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

PMIA/LAIF Performance Report
as of 05/10/23
Quarterly Performance
Quarter Ended 03/31/23
PMIA Average Monthly
Effective Yields(1)
(2) April 2.74
March
February

2.870

2.831

2.624
LAIF Apportionment Rate :
(2) LAIF Earnings Ratio : 0.00007493902135155
(1) LAIF Fair Value Factor : 0.986510329

2.87 2.63
275
(1) PMIA Daily :
(1) PMIA Quarter to Date :
(1) PMIA Average Life :

Pooled Money Investment Account
Monthly Portfolio Composition (1)
03/31/23
$191.2 billion
Corporate
Bonds

0.24%
Commercial
Time Paper
Deposits 4.47%

2.74%
Loans

0.20%
Certificates of
Deposit/Bank Notes

6.48%
Agencies

21.72%
Treasuries

64.15%
Chart does not include $3,085,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Daily rates are now available here. View PMIA Daily Rates 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
CAMP
Investment Portfolio
Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
CAMP Pool Asset Summary
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
15,909.15
1,441,509.69
(1,115,313.75)

0.00 April 30, 2023 March 31, 2023
CAMP Pool 342,105.09 15,909.15
CAMP Managed Account 50,236,941.15 50,363,475.91

0.00 Total $50,579,046.24 $50,379,385.06
Closing Market Value
Cash Dividends and Income
CAMP Managed Account
$342,105.09
Asset Allocation 593.86
CAMP Pool

0.68%
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
50,363,475.91
1,110,434.56
(1,420,712.24)

0.00 183,742.92
Closing Market Value $50,236,941.15
Cash Dividends and Income 58,285.30
CAMP Managed
Account

99.32%

Page 1 ends

Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Transaction Summary - Money Market
Opening Market Value
Transaction Summary - Managed Account Account Total
$15,909.15 Opening Market Value $50,363,475.91 Opening Market Value $50,379,385.06 Purchases
Redemptions
1,441,509.69
(1,115,313.75)
Maturities/Calls (304,362.63)
(1,116,349.61)
1,110,434.56

0.00 Principal Dispositions
Principal Acquisitions
Unsettled Trades
Change in Current Value 183,742.92
_______________________________________________ _______________________________________________ ____________________________________________________ Closing Market Value $342,105.09 Closing Market Value $50,236,941.15 Closing Market Value $50,579,046.24 Dividend 593.86
Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received
Less Purchased Interest Related to Interest/Coupons
Plus Net Realized Gains/Losses
48,297.34
(718.44)
10,706.40
Closing Cash Balance $0.00
Total Cash Basis Earnings $58,285.30
Earnings Reconciliation (Accrual Basis) Managed Account Total Cash Transactions Summary- Managed Account Ending Amortized Value of Securities
Ending Accrued Interest
Plus Proceeds from Sales
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Coupons/Dividends Received
Less Cost of New Purchases
Less Beginning Amortized Value of Securities
Less Beginning Accrued Interest
Dividends
51,424,871.26
265,395.61
1,118,328.64
304,362.63
46,318.31
(1,111,153.00)
(51,690,828.28)
(236,084.47)

0.00 51,766,976.35
265,395.61
2,233,642.39
304,362.63
46,318.31
Maturities/Calls
Sale Proceeds
Coupon/Interest/Dividend Income
Principal Payments
Security Purchases
245,000.00
1,118,328.64
46,318.31
59,362.63
(1,111,153.00)
(357,856.58)

0.00 (2,552,662.69) Net Cash Contribution
(51,706,737.43) Reconciling Transactions
(236,084.47)
593.86
Total Accrual Basis Earnings $121,210.70 $121,804.56

Page 2 ends

Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Account Summary Sector Allocation
5A .B7S4 %
Cert of Deposit

1.78%
Corporate Note

21.72%
Fed Agy Bond /
Note
Description Par Value Market Value Percent
U.S. Treasury Bond / Note
Supra-National Agency Bond / Note
Municipal Bond / Note
Federal Agency Commercial
Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Asset-Backed Security
Managed Account Sub-Total
Accrued Interest
28,800,000.00
1,135,000.00
1,535,000.00
1,075,000.00
27,128,034.93
1,087,638.03
1,453,178.65
1,030,405.05

53.63 2.15

2.87 2.04

9.39%
5,025,000.00
11,420,000.00
900,000.00
2,953,311.74
52,843,311.74
4,749,778.66
10,984,152.66
899,898.30
2,903,854.87
50,236,941.15 99.32%
265,395.61
50,502,336.76
342,105.09
50,844,441.85 100.00%

9.39 21.72

1.78 Federal Agency
Commercial
Mortgage-Backed
Security

5.74 2.04%
Joint Powers
Authority

0.68%
Muni Bond / Note

2.87%
Supra-National
Agency Bond / Note

2.15%
Total Portfolio
CAMP Pool
Total Investments
52,843,311.74
342,105.09
53,185,416.83

0.68 US TSY Bond / Note

53.63%
Unsettled Trades 0.00 0.00
Maturity Distribution Characteristics

40.67% Yield to Maturity at Cost 2.86%

4.15%
990
Yield to Maturity at Market
Weighted Average Days to Maturity

20.98%

14.82%

11.44%

9.32%

2.77%

0.00%
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

Page 3 ends

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Issuer Summary Credit Quality (S&P Ratings)
Market Value
of Holdings
222,932.03
441,682.08
353,745.58
388,633.20
744,502.98
431,048.93
452,878.30
225,138.27
373,375.50
78,087.80
342,105.09
247,491.80
285,896.15
206,659.58
96,743.00
380,625.72
63,454.63
218,377.80
94,742.70
502,675.22
1,562,115.93
464,144.65
289,710.50
129,909.57
3,753,923.13
220,285.13
356,436.21
106,926.59
393,627.60
171,267.59
24,237.88
Issuer

ABBOTT LABORATORIES
AMAZON.COM INC
Percent

0.44 0.87

0.70 0.77

1.47 0.85

0.90 0.45

0.74 0.15

0.68 0.49

0.57 0.41

0.19 0.75

0.13 0.43

0.19 0.99

3.09 0.92

0.57 0.26

7.41 0.44

0.70 0.21

0.78 0.34

0.05 0.19
A
NR

2.14%
BBB+

2.67%
AAAm

0.68%
AAA

8.23%
AA3.30%
A+

2.23%
A6.61%
AA

3.71%

AMERICAN EXPRESS CO

AMERICAN HONDA FINANCE

APPLE INC

BANK OF AMERICA CO

BERKSHIRE HATHAWAY INC

BMW FINANCIAL SERVICES NA LLC

BRISTOL-MYERS SQUIBB CO

CALIFORNIA STATE UNIVERSITY
CAMP Pool

CAPITAL ONE FINANCIAL CORP

CARMAX AUTO OWNER TRUST

CATERPILLAR INC

CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT

CHARLES SCHWAB
CINTAS CORPORATION NO. 2

CITIGROUP INC

DEERE & COMPANY

DISCOVER FINANCIAL SERVICES

FANNIE MAE

FEDERAL HOME LOAN BANKS

FLORIDA STATE BOARD OF ADMIN FIN CORP

FORD CREDIT AUTO OWNER TRUST

FREDDIE MAC

3.64%
AA+

66.79%

GENERAL DYNAMICS CORP

GM FINANCIAL CONSUMER AUTOMOBILE TRUST

GM FINANCIAL LEASINGTRUST

GOLDMAN SACHS GROUP INC

HARLEY-DAVIDSON MOTORCYCLE TRUST

HOME DEPOT INC
HONDA AUTO RECEIVABLES 95,578.02

Page 4 ends

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Market Value
of Holdings
127,553.40
222,121.58
600,846.53
486,791.50
466,204.52
129,211.60
736,504.50
394,506.40
730,994.75
383,612.80
303,368.00
384,705.39
450,239.40
166,489.93
393,912.80
393,894.38
120,412.50
205,986.00
58,089.00
Issuer Percent

0.25 0.44

1.19 0.96

0.92 0.26

1.46 0.78

1.45 0.76

0.60 0.76

0.89 0.33

0.78 0.78

0.24 0.41

0.11 0.18

0.07 1.25

0.76 0.89

1.73 53.62

0.41 0.16

0.43 HYUNDAI AUTO RECEIVABLES

IBM CORP

INTER-AMERICAN DEVELOPMENT BANK

INTL BANK OF RECONSTRUCTION AND DEV

JP MORGAN CHASE & CO

LOS ANGELES COMMUNITY COLLEGE DISTRICT

MICROSOFT CORP

MORGAN STANLEY

NATIONAL AUSTRALIA BANK LTD

NATIONAL RURAL UTILITIES CO FINANCE CORP

NEW YORK ST URBAN DEVELOPMENT CORP

NISSAN AUTO RECEIVABLES

NORDEA BANK ABP

PACCAR FINANCIAL CORP

PNC FINANCIAL SERVICES GROUP
Roche Holding AG

SAN JUAN UNIFIED SCHOOL DISTRICT

STATE OF CALIFORNIA

STATE OF CONNECTICUT

STATE OF MINNESOTA

TARGET CORP

THE BANK OF NEW YORK MELLON CORPORATION

THE WALT DISNEY CORPORATION

TORONTO-DOMINION BANK

TOYOTA MOTOR CORP

UNITED STATES TREASURY

UNITEDHEALTH GROUP INC

UNIVERSITY OF CALIFORNIA

USAA CAPITAL CORP
92,227.00
37,212.76
631,067.52
384,894.00
449,658.90
877,058.81
27,128,034.93
206,270.78
79,343.25
218,874.15
Total $50,579,046.24 100.00%

Page 5 ends

Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0
912828YY0
912828ZW3
912828ZW3
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
5,125,000.00 AA+
500,000.00 AA+
250,000.00 AA+
450,000.00 AA+
150,000.00 AA+
350,000.00 AA+
400,000.00 AA+
450,000.00 AA+
650,000.00 AA+
825,000.00 AA+
75,000.00 AA+
950,000.00 AA+
200,000.00 AA+
250,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
01/13/23
08/05/20
04/01/21
03/01/21
07/01/21
06/02/21
12/02/21
08/03/21
11/02/21
09/01/21
02/10/22
01/04/22
09/01/22
05/03/22
01/17/23
08/07/20
04/05/21
03/04/21
07/07/21
06/07/21
12/06/21
08/05/21
11/04/21
09/07/21
02/14/22
01/06/22
09/06/22
05/05/22
4,929,609.37 4.68
534,414.06 0.18
245,156.25 0.72
443,654.30 0.58
147,052.73 0.82
344,859.38 0.70
387,968.75 1.13
446,167.97 0.57
632,251.95 1.05
814,236.33 0.68
71,458.01 1.92
926,843.75 1.33
179,007.81 3.53
226,250.00 3.03
11,149.00
2,924.72
208.91
376.03
188.02
438.71
501.38
564.05
814.74
1,034.10

1.53 4,983,225.80
513,063.21
247,523.33
446,821.12
148,245.67
346,995.14
392,106.01
447,677.92
638,600.56
818,341.00
72,474.95
4,972,050.53
479,921.90
231,015.62
415,828.13
137,250.00
320,250.00
366,000.00
411,750.00
594,750.00
754,875.00
68,695.31

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026

19.36 933,900.89
182,501.59
231,788.60
870,140.63
181,375.00
226,718.75

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
310.77
US TREASURY N/B NOTES 388.47
DTD 07/31/2021 0.625% 07/31/2026

Page 6 ends

Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4
91282CCP4
91282CCP4
91282CCP4
912828U24
912828U24
912828U24
912828U24
91282CEN7
91282CFB2
750,000.00 AA+
800,000.00 AA+
900,000.00 AA+
900,000.00 AA+
250,000.00 AA+
975,000.00 AA+
2,100,000.00 AA+
9,500,000.00 AA+
1,200,000.00 AA+
800,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
08/01/22
07/05/22
06/02/22
08/08/22
11/01/22
01/04/23
12/05/22
01/13/23
01/31/23
03/02/23
08/04/22
07/08/22
06/06/22
08/15/22
11/04/22
01/06/23
12/07/22
01/17/23
02/03/23
03/06/23
690,468.75 2.74
732,343.75 2.84
819,035.16 2.94
819,562.50 3.04
228,144.53 4.39
907,092.77 3.96
1,954,066.41 3.92
8,922,578.13 3.72
1,155,421.88 3.70
746,531.25 4.44
1,165.40
1,243.09
1,398.48
1,398.48
2,306.63
8,995.86
19,375.69
87,651.93

89.67 701,500.62
745,884.12
836,606.03
833,970.05
230,787.38
912,635.23
1,968,771.32
8,965,533.69
1,157,928.86
748,393.35
680,156.25
725,500.00
816,187.50
816,187.50
236,328.12
921,679.69
1,985,156.25
8,980,468.75
1,161,750.00
774,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
US TREASURY N/B NOTES 5,469.61
DTD 07/31/2022 2.750% 07/31/2027
Security Type Sub-Total 28,800,000.00 27,304,175.79 3.35 148,014.63 27,505,276.44 27,128,034.93 Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6
4581X0DZ8
500,000.00 AAA
635,000.00 AAA
Aaa
Aaa
11/17/20
09/15/21
11/24/20
09/23/21
498,925.00 0.32
634,530.10 0.52
545.14
335.14
499,796.78
634,780.91
486,791.50
INTER-AMERICAN DEVEL BK NOTES 600,846.53
DTD 09/23/2021 0.500% 09/23/2024
Security Type Sub-Total 1,135,000.00 1,133,455.10 0.43 880.28 1,134,577.69 1,087,638.03

Page 7 ends

Managed Account Detail of Securities Held

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0
157411TK5
650036DT0
91412HGE7
341271AD6
341271AD6
341271AD6
60412AVJ9
798306WP7
54438CYK2
13077DQD7
13063D3N6
60,000.00 AA100,000.00 AA325,000.00 NR
85,000.00 AA
65,000.00 AA
85,000.00 AA
160,000.00 AA
100,000.00 AAA
130,000.00 NR
140,000.00 AA+
85,000.00 AA200,000.00 AAAa3
Aa1
NR
05/29/20
11/06/19
12/16/20
07/10/20
09/03/20
09/03/20
09/03/20
08/11/20
10/16/20
10/30/20
07/09/21
03/09/23
06/11/20
12/05/19
12/23/20
07/16/20
09/16/20
09/16/20
09/16/20
08/25/20
10/29/20
11/10/20
07/29/21
03/15/23
60,000.00 2.00
100,000.00 2.10
325,000.00 0.87
85,000.00 0.88
65,459.55 1.11
85,563.55 1.12
160,000.00 1.26
100,000.00 0.63
130,000.00 0.85
140,000.00 0.77
85,000.00 0.86
200,000.00 4.85
399.60
525.25
361.29
346.09
272.57
356.43
670.93
157.50
276.90
270.55
366.35
1,238.42
60,000.00
100,000.00
325,000.00
85,000.00
65,208.10
85,255.19
160,000.00
100,000.00
130,000.00
140,000.00
85,000.00
200,000.00
58,089.00
96,743.00
303,368.00
79,343.25
60,745.75
79,436.75
149,528.00
92,227.00
120,412.50
129,211.60
78,087.80
205,986.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
Aa2
Aa3
Aa3
Aa3
Aaa
Aa2
Aaa
Aa2
Aa2

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,535,000.00 1,536,023.10 1.60 5,241.88 1,535,463.29 1,453,178.65 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2 3137BGK24 250,000.00 AA+ Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 254,195.11 243,500.91 DTD 03/01/2015 3.062% 12/01/2024

Page 8 ends

Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5
3137EAEW5
3137EAEY1
3137EAEZ8
3135G06H1
3137EAFA2
3130AJHU6
3135G03U5
3137EAEU9
3135G05X7
225,000.00 AA+
525,000.00 AA+
325,000.00 AA+
350,000.00 AA+
325,000.00 AA+
300,000.00 AA+
350,000.00 AA+
350,000.00 AA+
425,000.00 AA+
350,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
09/02/20
09/02/20
10/14/20
11/03/20
11/23/20
12/02/20
04/15/20
04/22/20
07/21/20
08/25/20
09/04/20
09/04/20
10/16/20
11/05/20
11/25/20
12/04/20
04/16/20
04/24/20
07/23/20
08/27/20
225,041.09 0.24
524,826.75 0.26
323,787.75 0.25
349,685.00 0.28
324,629.50 0.29
299,703.00 0.28
348,264.00 0.60
349,279.00 0.67
422,883.50 0.48
348,362.00 0.47

82.81 193.23

16.93 225,004.86
524,979.51
324,814.01
349,945.68
324,929.07
299,941.14
349,320.45
349,714.60
424,057.79
349,239.37
221,196.83
516,125.92
317,791.83
341,588.45
316,350.13
291,764.70
326,193.70
326,692.45
392,185.75
321,953.45

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
425.35
347.57
306.25

82.64 FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025

54.69 FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
442.71
FANNIE MAE NOTES 240.63
DTD 08/27/2020 0.375% 08/25/2025

Page 9 ends

Managed Account Detail of Securities Held

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2
3137EAEX3
3135G06G3
150,000.00 AA+
700,000.00 AA+
650,000.00 AA+
Aaa
Aaa
Aaa
09/10/20
09/23/20
11/09/20
09/11/20
09/25/20
11/12/20
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57

89.06 277.08
149,787.99
698,988.09
648,823.08
137,950.95
642,864.60
597,119.90

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
FANNIE MAE NOTES 1,570.83
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
5,025,000.00 5,011,577.59 0.42 4,129.78 5,019,545.64 4,749,778.66

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7
808513BN4
400,000.00 A105,000.00 AA3
A2
02/12/19
03/16/21
02/15/19
03/18/21
402,848.00 3.34
104,947.50 0.77
3,811.11

94.06 400,379.30
104,984.58
393,912.80
CHARLES SCHWAB CORP NOTES 100,456.02
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

BANK OF NY MELLON CORP NOTES
(CALLABLE)
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 14.58 209,925.99 200,290.02 DTD 04/26/2021 0.500% 04/26/2024

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6
02665WCZ2
38141EC23
400,000.00 A400,000.00 A400,000.00 BBB+A1
A3
A2
07/19/19
07/11/19
07/08/19
07/23/19
07/15/19
07/11/19
422,916.00 2.59
398,016.00 2.51
418,632.00 2.84

86.11 3,306.67
4,833.89
404,788.42
399,536.08
403,687.70
394,506.40
388,633.20
393,627.60

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8
254687FK7
70,000.00 A A2
A2
08/09/21
09/03/19
08/12/21
09/06/19
69,993.70 0.75
398,368.00 1.84
115.21 69,997.30 66,525.62

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
400,000.00 BBB+ 1,186.11 399,563.31 384,894.00

Page 10 ends

Managed Account Detail of Securities Held

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
24422EVU0 100,000.00 A A2
A1
09/07/21 09/10/21
10/29/20
03/04/22
03/10/22
03/28/22
99,935.00 0.65
182,894.25 0.73
79,919.20 2.29
410,000.00 2.13
24,956.25 2.76

88.54 743.75
285.00
1,238.34

30.00 99,970.47
178,271.99
79,950.38
410,000.00
24,971.92
94,742.70
166,489.93
76,178.08
393,894.38
24,237.88

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66
025816CQ0
771196BT8
437076CM2
175,000.00 A+
80,000.00 BBB+
410,000.00 AA
10/22/20
03/01/22
03/03/22
03/24/22

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
A2

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
Aa2
HOME DEPOT INC (CALLABLE) CORPORATE A2
NOTE
25,000.00 A
DTD 03/28/2022 2.700% 04/15/2025

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7
17252MAP5
225,000.00 BBB+
65,000.00 AA3A3
08/28/20
04/26/22
09/01/20
05/03/22
249,738.75 0.88
64,985.70 3.46

82.50 235,585.68
64,990.44
218,377.80
CINTAS CORPORATION NO. 2 CORP NOTE 63,454.63
(CALL
1,121.25
DTD 05/03/2022 3.450% 05/01/2025

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89
369550BG2
225,000.00 AA
225,000.00 AAa1A3
05/23/22
10/16/20
05/26/22
10/20/20
224,264.25 3.49
252,247.50 0.80
3,796.88
3,631.25
224,497.82
236,597.57
218,874.15
GENERAL DYNAMICS CORP (CALLABLE) 220,285.13

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

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7
023135BQ8
315,000.00 A475,000.00 AAA1
A1
05/24/21
06/03/20
06/01/21
06/05/20
315,000.00 0.82
474,767.25 0.81
1,081.50
1,562.22
315,000.00
474,902.51
298,566.77
AMAZON INC CORP NOTES (CALLABLE) 441,682.08
DTD 06/03/2020 0.800% 06/03/2025

Page 11 ends

Managed Account Detail of Securities Held

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA50,000.00 AAa3
A2
05/31/22 06/09/22
05/04/22
250,000.00 3.50
49,986.50 3.46
3,451.39
651.67
250,000.00
49,990.79
243,382.75
NATIONAL RURAL UTIL COOP CORPORATE 48,870.00
NOTES
63743HFE7 04/27/22
DTD 05/04/2022 3.450% 06/15/2025

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9
06051GFS3
002824BM1
225,000.00 A225,000.00 A225,000.00 AAA3
A2
A1
07/20/22
08/18/20
09/24/20
07/27/22
08/20/20
09/28/20
225,000.00 4.00
256,918.50 0.93
257,845.50 0.86
2,350.00
2,179.69
1,114.06
225,000.00
239,537.31
239,810.06
222,121.58
220,072.95
222,932.03

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025

ABBOTT LABORATORIES CORPORATE

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

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8
46647PCV6
91324PEC2
05565EBW4
14913R2U0
87612EBM7
225,000.00 A175,000.00 A225,000.00 A+A2
A1
A3
A2
A2
A2
12/01/21
02/16/22
05/17/21
08/12/21
01/11/22
01/19/22
12/06/21
02/24/22
05/19/21
08/16/21
01/13/22
01/24/22
225,000.00 1.53
175,000.00 2.60
224,608.50 1.19
174,947.50 1.26
223,863.75 1.81
39,932.00 1.99
1,386.56
845.18
225,000.00
175,000.00
224,761.49
174,965.45
224,158.89
39,949.29
210,975.98
167,637.75
206,270.78
158,612.65
206,659.58
37,212.76

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
1,193.13
BMW US CAPITAL LLC (CALLABLE) 480.03

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
175,000.00
225,000.00
40,000.00
A
A
A

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
1,200.63
TARGET CORP CORP NOTES (CALLABLE) 229.67
DTD 01/24/2022 1.950% 01/15/2027

Page 12 ends

Managed Account Detail of Securities Held

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 2,569.62 474,210.28 430,777.50 DTD 01/26/2022 2.050% 01/26/2027

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9
025816CS6
750,000.00 AAA
300,000.00 BBB+
Aaa
A2
03/14/23
01/13/23
03/17/23
01/18/23
721,942.50 4.36
277,203.00 4.59
5,843.75
1,211.25
722,830.40
278,762.16
736,504.50
AMERICAN EXPRESS CO CORP NOTES 277,567.50
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2
808513BW4
63254ABE7
475,000.00 AA
300,000.00 A500,000.00 AAAa2A2
03/15/22
02/17/23
01/13/23
03/17/22
02/22/23
01/18/23
466,089.00 2.70
284,925.00 4.66
488,325.00 4.50
1,395.97
825.00
468,092.02
285,608.86
489,075.17
452,878.30
280,169.70
487,612.00

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
Aa3 7,701.53
DTD 06/09/2022 3.905% 06/09/2027

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3
89236TKQ7
775,000.00 AA+
375,000.00 A+
Aaa
A1
01/19/23
02/08/23
01/23/23
02/10/23
741,062.75 3.94
376,282.50 4.55
3,059.10
5,251.30
743,027.22
376,225.40
744,502.98
TOYOTA MOTOR CREDIT CORP CORPORATE 381,643.88
NOTES
DTD 01/12/2023 4.625% 01/12/2028

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6
110122DE5
350,000.00 A375,000.00 A+A1
A2
02/17/23
03/09/23
02/22/23
03/13/23
329,189.00 4.76
358,263.75 4.93
2,776.67
2,884.38
329,970.42
358,718.09
334,742.80
BRISTOL-MYERS SQUIBB CO CORP NOTES 373,375.50
(CALL
DTD 07/15/2020 3.900% 02/20/2028
Security Type Sub-Total 11,420,000.00 11,424,534.90 2.80 75,709.55 11,332,294.76 10,984,152.66

Page 13 ends

Managed Account Detail of Securities Held

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
11/03/22
450,000.00 5.58
450,000.00 5.53
12,740.00 450,000.00 449,658.90

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 12,304.25 450,000.00 450,239.40 Security Type Sub-Total
Asset-Backed Security
900,000.00 900,000.00 5.56 25,044.25 900,000.00 899,898.30 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0
380144AD7
44933LAC7
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
72,974.77 NR
35,000.00 AAA
52,611.70 AAA
255,049.67 AAA
259,398.26 AAA
100,000.00 NR
83,277.34 AAA
80,000.00 AAA
195,000.00 AAA
85,000.00 AAA
Aaa
NR
02/17/21
05/18/21
04/20/21
06/15/21
06/08/21
11/16/21
04/13/21
11/09/21
09/20/21
10/13/21
02/24/21
05/26/21
04/28/21
06/23/21
06/14/21
11/24/21
04/21/21
11/17/21
09/27/21
10/21/21
72,963.76 0.33
34,997.05 0.41
52,606.17 0.38
255,045.35 0.33
259,370.32 0.26
99,978.92 0.89
83,259.39 0.52
79,982.14 0.75
194,958.25 0.58
84,997.83 0.68

7.36 4.38
72,969.78
34,998.48
52,608.70
255,047.21
259,382.17
99,986.18
83,266.92
79,987.91
194,971.62
84,998.50
72,636.05
34,290.54
51,056.52
245,734.49
250,606.27
95,578.02
80,390.07
76,496.88
183,589.36
80,912.64
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
NR 8.89
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
Aaa
NR

37.41 29.97

24.44 19.25

26.31 50.27

24.08 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
Aaa
CARMX 2021-2 A3 NR
DTD 04/21/2021 0.520% 02/17/2026
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
NR
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
Aaa
GMCAR 2021-4 A3 Aaa
DTD 10/21/2021 0.680% 09/16/2026

Page 14 ends

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Value Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
254683CY9
210,000.00 AAA
140,000.00 AAA
275,000.00 AAA
245,000.00 AAA
245,000.00 AAA
170,000.00 NR
130,000.00 AAA
320,000.00 NR
NR
Aaa
NR
07/12/22
09/20/22
10/04/22
01/24/23
10/27/22
02/13/23
03/28/23
04/04/23
07/20/22
09/28/22
10/12/22
01/30/23
11/03/22
02/23/23
03/31/23
04/11/23
209,995.04 3.97
139,971.03 4.46
274,954.93 4.82
244,999.88 4.63
244,961.56 4.95
169,982.88 5.05
129,986.44 4.65
319,981.44 4.31
370.53
277.51
552.29
504.16
539.00
381.56
268.67
766.22
209,995.86
139,974.71
274,960.05
244,999.89
244,965.37
169,983.53
129,986.68
319,981.65
205,506.08
138,970.90
275,523.57
244,808.66
247,491.80
171,267.59
129,909.57
319,085.86
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
NR
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
NR
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
Aaa
FORDO 2023-A A3 NR
DTD 03/31/2023 4.650% 02/15/2028
DCENT 2023-A1 A Aaa
DTD 04/11/2023 4.310% 03/15/2028
Security Type Sub-Total 2,953,311.74
52,843,311.74
2,952,992.38 2.93

2.86 3,892.30 2,953,065.21
51,424,871.26
2,903,854.87
Managed Account Sub-Total 50,236,941.15
Joint Powers Authority
CAMP Pool
51,315,594.79 265,395.61
342,105.09 AAAm NR 342,105.09 0.00 342,105.09 342,105.09 Liquid Sub-Total 342,105.09 342,105.09 0.00 342,105.09 342,105.09 Securities Sub-Total
Accrued Interest
Total Investments
$53,185,416.83 $51,657,699.88 2.86% $265,395.61 $51,766,976.35 $50,579,046.24 $265,395.61
$50,844,441.85

Page 15 ends

Managed Account Fair Market Value & Analytics

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026

US TREASURY N/B NOTES
91282CDV0
912828YY0
912828ZW3
912828ZW3
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
5,125,000.00 CITIGRP
500,000.00 WELLS_F
250,000.00 GOLDMAN
450,000.00 MERRILL
150,000.00 CITIGRP
350,000.00 JPM_CHA
400,000.00 CITIGRP
450,000.00 JPM_CHA
650,000.00 BNP_PAR
825,000.00 CITIGRP
75,000.00 BMO

97.02 95.98

92.41 92.41

91.50 91.50

91.59 91.59

90.69 90.69

90.69 4,972,050.53
479,921.90
231,015.62
415,828.13
137,250.00
320,250.00
366,000.00
411,750.00
594,750.00
754,875.00
68,695.31
42,441.16
(54,492.16)
(14,140.63)
(27,826.17)
(9,802.73)
(24,609.38)
(21,968.75)
(34,417.97)
(37,501.95)
(59,361.33)
(2,762.70)
(56,703.12)
2,367.19
(11,175.27)
(33,141.31)
(16,507.71)
(30,992.99)
(10,995.67)
(26,745.14)
(26,106.01)
(35,927.92)
(43,850.56)
(63,466.00)
(3,779.64)
(63,760.26)
(1,126.59)
(5,069.85)
(21,344.37)
(20,384.12)
(20,418.53)

0.76 1.65

2.17 2.17

2.66 2.66

2.96 2.96

3.23 3.23

3.23 4.95

4.27 3.94

3.94 3.75

3.75 3.75

3.75 3.74

3.74 3.69

3.69 3.69

3.69 3.69
950,000.00 CITIGRP
200,000.00 BMO
870,140.63
181,375.00
226,718.75
680,156.25
725,500.00
816,187.50
250,000.00 HSBC 468.75
750,000.00 BMO (10,312.50)
(6,843.75)
(2,847.66)
800,000.00 HSBC
DTD 07/31/2021 0.625% 07/31/2026
US TREASURY N/B NOTES 900,000.00 MERRILL
DTD 07/31/2021 0.625% 07/31/2026

Page 16 ends

Managed Account Fair Market Value & Analytics

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027

US TREASURY N/B NOTES
91282CCP4
912828U24
912828U24
912828U24
912828U24
91282CEN7
91282CFB2
900,000.00 BMO
250,000.00 BMO

90.69 94.53

94.53 94.53

94.53 96.81

96.75 816,187.50
236,328.12
921,679.69
1,985,156.25
8,980,468.75
1,161,750.00
774,000.00
(3,375.00)
8,183.59
(17,782.55)
5,540.74

3.23 3.41

3.41 3.41

3.41 3.76

4.02 3.69

3.66 3.66

3.61 3.58
975,000.00 BMO 14,586.92
31,089.84
57,890.62
6,328.12
9,044.46
2,100,000.00 HSBC
9,500,000.00 JPM_CHA
1,200,000.00 BNP_PAR
800,000.00 BMO
16,384.93
14,935.06
3,821.14
27,468.75 25,606.65
DTD 07/31/2022 2.750% 07/31/2027
Security Type Sub-Total 28,800,000.00 27,128,034.93 (176,140.86) (377,241.51) 2.78 3.92 Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
459058JM6
4581X0DZ8
500,000.00 TD 97.36

94.62 486,791.50
600,846.53
(12,133.50)
(33,683.57)
(13,005.28)
(33,934.38)

0.57 1.40

5.04 635,000.00 JPM_CHA 4.52
Security Type Sub-Total
Municipal Bond / Note
1,135,000.00 1,087,638.03 (45,817.07) (46,939.66) 1.03 4.75 CT ST TXBL GO BONDS 20772KJW0
157411TK5
650036DT0
91412HGE7
60,000.00 SIEBERT
100,000.00 RBC

96.82 96.74

93.34 93.35
58,089.00
96,743.00
303,368.00
79,343.25
(1,911.00)
(3,257.00)
(21,632.00)
(5,656.75)
(1,911.00)
(3,257.00)
(21,632.00)
(5,656.75)

1.16 1.24

1.87 1.94

4.83 4.81

4.62 4.32
DTD 06/11/2020 1.998% 07/01/2024

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025

UNIV OF CAL TXBL REV BONDS
325,000.00 WELLS_F
85,000.00 JPM_CHA 04/15/25
DTD 07/16/2020 0.883% 05/15/2025

Page 17 ends

Managed Account Fair Market Value & Analytics

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025

CA ST UNIV TXBL REV BONDS
341271AD6
341271AD6
341271AD6
60412AVJ9
798306WP7
54438CYK2
13077DQD7
13063D3N6
65,000.00 MERRILL
85,000.00 MERRILL
160,000.00 MERRILL
100,000.00 MORGAN_
130,000.00 KEYBANC
140,000.00 MERRILL
85,000.00 JPM_CHA
200,000.00 WELLS_F

93.46 93.46

93.46 92.23

92.63 92.29

91.87 102.99
60,745.75
79,436.75
149,528.00
92,227.00
120,412.50
129,211.60
78,087.80
205,986.00
(4,713.80)
(6,126.80)
(10,472.00)
(7,773.00)
(9,587.50)
(10,788.40)
(6,912.20)
5,986.00
(4,462.35)
(5,818.44)
(10,472.00)
(7,773.00)
(9,587.50)
(10,788.40)
(6,912.20)
5,986.00

2.14 2.14

2.14 2.24

2.24 2.24

2.47 3.54

4.46 4.46

4.46 4.29

4.32 4.40

4.33 4.00
DTD 07/29/2021 0.862% 11/01/2025

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,535,000.00 1,453,178.65 (82,844.45) (82,284.64) 2.21 4.42 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
FHMS K058 A2
3137BGK24
3137BNGT5
3137BSP72
250,000.00 CITIGRP
275,000.00 BAIRD
550,000.00 BREAN

97.40 95.94

95.10 243,500.91
263,829.16
523,074.98
(18,881.90)
215.88
(10,694.20)
215.88

1.51 2.48

3.09 4.77

4.36 (3,764.86) (3,764.86) 4.27
DTD 11/09/2016 2.653% 08/01/2026
Security Type Sub-Total 1,075,000.00 1,030,405.05 (22,430.88) (14,243.18) 2.56 4.41 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023

FREDDIE MAC NOTES
3137EAEW5
3137EAEW5
225,000.00 NOMURA
525,000.00 WELLS_F

98.31 98.31
221,196.83
516,125.92
(3,844.26)
(8,700.83)
(3,808.03)
(8,853.59)

0.36 0.36

5.09 5.09
DTD 09/04/2020 0.250% 09/08/2023

Page 18 ends

Managed Account Fair Market Value & Analytics

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025

FREDDIE MAC NOTES
3137EAEY1
3137EAEZ8
3135G06H1
3137EAFA2
3130AJHU6
3135G03U5
3137EAEU9
3135G05X7
3130AK5E2
3137EAEX3
3135G06G3
325,000.00 WELLS_F
350,000.00 CITIGRP
325,000.00 NOMURA
300,000.00 CITIGRP
350,000.00 CITIGRP
350,000.00 CITIGRP
425,000.00 WELLS_F
350,000.00 BARCLAY
150,000.00 WELLS_F
700,000.00 CITIGRP
650,000.00 BARCLAY

97.78 97.60

97.34 97.25

93.20 93.34

92.28 91.99

91.97 91.84

91.86 317,791.83
341,588.45
316,350.13
291,764.70
326,193.70
326,692.45
392,185.75
321,953.45
137,950.95
642,864.60
597,119.90
(5,995.92)
(8,096.55)
(8,279.37)
(7,938.30)
(22,070.30)
(22,586.55)
(30,697.75)
(26,408.55)
(11,599.05)
(55,028.40)
(50,553.10)
(7,022.18)
(8,357.23)
(8,578.94)
(8,176.44)
(23,126.75)
(23,022.15)
(31,872.04)
(27,285.92)
(11,837.04)
(56,123.49)
(51,703.18)

0.47 0.52

0.58 0.60

1.95 1.97

2.22 2.32

2.34 2.39

2.51 5.05

5.02 5.00

4.99 4.16

4.17 4.04

4.03 4.00

3.98 3.92
DTD 09/25/2020 0.375% 09/23/2025

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
5,025,000.00 4,749,778.66 (261,798.93) (269,766.98) 1.52 4.46

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024

CHARLES SCHWAB CORP NOTES
(CALLABLE)
693475AV7
808513BN4
400,000.00 CITIGRP
105,000.00 CSFB
12/23/23
02/18/24

98.48 95.67
393,912.80
100,456.02
(8,935.20)
(4,491.48)
(6,466.50)
(4,528.56)

0.65 0.80

5.65 5.85
DTD 03/18/2021 0.750% 03/18/2024

BANK OF NY MELLON CORP NOTES
(CALLABLE)
06406RAS6 210,000.00 JPM_CHA 03/26/24 95.38 200,290.02 (9,485.28) (9,635.97) 0.91 5.36 DTD 04/26/2021 0.500% 04/26/2024

Page 19 ends

Managed Account Fair Market Value & Analytics

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
61746BDQ6
02665WCZ2
38141EC23
400,000.00 WELLS_FA
400,000.00 WELLS_FA
400,000.00 SUSQ

98.63 97.16

98.41 394,506.40
388,633.20
393,627.60
(28,409.60)
(9,382.80)
(25,004.40)
(10,282.02)
(10,902.88)
(10,060.10)

0.97 1.15

0.93 5.31

4.95 04/08/24 5.24
07/30/24
05565EBU8
254687FK7
24422EVU0
70,000.00 GOLDMAN
400,000.00 JPM_CHAS
100,000.00 HSBC

95.04 96.22

94.74 66,525.62
384,894.00
94,742.70
(3,468.08)
(13,474.00)
(5,192.30)
(3,471.68)
(14,669.31)
(5,227.77)

1.28 1.24

1.36 4.78

4.70 4.66
DTD 09/10/2021 0.625% 09/10/2024

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

ROCHE HOLDINGS INC (CALLABLE)

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

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
69371RQ66
025816CQ0
771196BT8
437076CM2
175,000.00 MERRILL
80,000.00 BARCLAY
410,000.00 DEUTSCH
25,000.00 MORGAN_

95.14 95.22

96.07 96.95
166,489.93
76,178.08
393,894.38
24,237.88
(16,404.32)
(3,741.12)
(16,105.62)
(718.37)
(11,782.06)
(3,772.30)
(16,105.62)
(734.04)

1.75 1.73

1.75 1.84

4.70 4.99

4.35 4.34
02/01/25
02/10/25
03/15/25
DTD 03/28/2022 2.700% 04/15/2025

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
172967JP7
17252MAP5
225,000.00 MKTX 97.06

97.62 218,377.80
63,454.63
(31,360.95)
(1,531.07)
(17,207.88)
(1,535.81)

1.95 1.85

4.87 65,000.00 KEYBANC 04/01/25 4.71
DTD 05/03/2022 3.450% 05/01/2025

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 MERRILL 97.28 218,874.15 (5,390.10) (5,623.67) 1.93 4.82

Page 20 ends

Managed Account Fair Market Value & Analytics

GENERAL DYNAMICS CORP (CALLABLE)

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

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
369550BG2
46647PCH7
225,000.00 JPM_CHA
315,000.00 JPM_CHA
03/15/25
06/01/24
05/03/25

97.90 94.78
220,285.13
298,566.77
(31,962.37)
(16,433.23)
(16,312.44)
(16,433.23)

1.81 1.09

4.59 3.44
023135BQ8
63254ABD9
475,000.00 GOLDMAN
250,000.00 CITIGRP

92.99 97.35
441,682.08
243,382.75
(33,085.17)
(6,617.25)
(33,220.43)
(6,617.25)

1.99 2.03

4.34 4.83
DTD 06/09/2022 3.500% 06/09/2025

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
63743HFE7 50,000.00 RBC 97.74 48,870.00 (1,116.50) (1,120.79) 2.05 4.58 DTD 05/04/2022 3.450% 06/15/2025

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025

ABBOTT LABORATORIES CORPORATE

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

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
459200KS9
06051GFS3
002824BM1
225,000.00 JPM_CHA
225,000.00 MERRILL
225,000.00 US_BANC

98.72 97.81

99.08 222,121.58
220,072.95
222,932.03
(2,878.42)
(36,845.55)
(34,913.47)
(2,878.42)
(19,464.36)
(16,878.03)

2.15 2.16

2.06 4.60

4.91 06/15/25 4.28
12/06/24
02/24/25
04/15/26
07/12/26
06051GKE8
46647PCV6
91324PEC2
05565EBW4
225,000.00 MERRILL
175,000.00 JPM_CHA
225,000.00 CITIGRP
175,000.00 MITSU

93.77 95.79

91.68 90.64
210,975.98
167,637.75
206,270.78
158,612.65
(14,024.02)
(7,362.25)
(18,337.72)
(16,334.85)
(14,024.02)
(7,362.25)
(18,490.71)
(16,352.80)

1.58 1.78

2.90 3.14

4.08 4.19

4.09 4.34
DTD 05/19/2021 1.150% 05/15/2026

BMW US CAPITAL LLC (CALLABLE)

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

Page 21 ends

Managed Account Fair Market Value & Analytics

CATERPILLAR FINL SERVICE CORPORATE
NOTES
14913R2U0 225,000.00 JPM_CHA 91.85 206,659.58 (17,204.17) (17,499.31) 3.57 4.10 DTD 01/10/2022 1.700% 01/08/2027

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
87612EBM7
06406RBA4
40,000.00 CITIGRP 12/15/26
12/26/26

93.03 90.69
37,212.76 (2,719.24) (2,736.53) 3.50

3.52 3.99
475,000.00 DEUTSCH 430,777.50 (43,168.00) (43,432.78) 4.80 DTD 01/26/2022 2.050% 01/26/2027

MICROSOFT CORP CORP NOTES
(CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

CHARLES SCHWAB CORP NOTES
(CALLABLE)
594918BY9
025816CS6
084664CZ2
808513BW4
63254ABE7
750,000.00 GOLDMAN
300,000.00 RBS
11/06/26
02/01/27
02/15/27
01/01/27

98.20 92.52

95.34 93.39

97.52 736,504.50
277,567.50
452,878.30
280,169.70
487,612.00
14,562.00
364.50
13,674.10
(1,194.66)
(15,213.72)
(5,439.16)
(1,463.17)

3.33 3.59

3.64 3.47

3.78 3.82

4.70 3.60

5.18 4.57
475,000.00 SEEL (13,210.70)
(4,755.30)
(713.00)
300,000.00 BARCLAY
500,000.00 CBAA
DTD 09/24/2021 3.300% 04/01/2027

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027

TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
037833DB3
89236TKQ7
775,000.00 TD 06/12/27 96.06 744,502.98
381,643.88
3,440.23
5,361.38
1,475.76
5,418.48

3.89 4.23

3.89 375,000.00 WELLS_F 101.77 4.20
DTD 01/12/2023 4.625% 01/12/2028

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
637432NP6
110122DE5
350,000.00 MORGAN_
375,000.00 MKTX
11/07/27
11/20/27

95.64 99.57
334,742.80
373,375.50
5,553.80 4,772.38 4.19

4.19 4.42
15,111.75 14,657.41 4.00
DTD 07/15/2020 3.900% 02/20/2028

Page 22 ends

Managed Account Fair Market Value & Analytics

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025

NORDEA BANK ABP NEW YORK CERT
DEPOS
89115B6K1
65558UYF3
450,000.00 TD 99.92 449,658.90
450,239.40
(341.10)
239.40
(341.10)
239.40

3.19 2.32

5.59 450,000.00 WELLS_F 100.05 5.51
DTD 11/03/2022 5.530% 11/03/2025
Security Type Sub-Total
Asset-Backed Security
900,000.00 899,898.30 (101.70) (101.70) 2.75 5.55
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
HART 2021-C A3
36261RAD0
380144AD7
44933LAC7
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
14318MAD1
72,974.77 RBC 99.54

97.97 97.04

96.35 96.61

95.58 96.53

95.62 94.15

95.19 97.86
72,636.05
34,290.54
51,056.52
245,734.49
250,606.27
95,578.02
80,390.07
76,496.88
183,589.36
80,912.64
205,506.08
(327.71)
(706.51)
(333.73)
(707.94)

0.13 0.46

0.58 0.68

0.68 1.01

0.70 0.97

1.35 1.04

1.53 0.59

1.41 1.65

1.85 1.62

2.56 1.79

2.23 2.39

2.16 4.56
35,000.00 SOCGEN
52,611.70 BARCLAY
255,049.67 MITSU
259,398.26 CITIGRP
100,000.00 MERRILL
83,277.34 MERRILL
80,000.00 SMBC
(1,549.65)
(9,310.86)
(8,764.05)
(4,400.90)
(2,869.32)
(3,485.26)
(11,368.89)
(4,085.19)
(4,488.96)
(1,552.18)
(9,312.72)
(8,775.90)
(4,408.16)
(2,876.85)
(3,491.03)
(11,382.26)
(4,085.86)
(4,489.78)
DTD 11/17/2021 0.740% 05/15/2026
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
CARMX 2022-3 A3
195,000.00 CITIGRP
85,000.00 JPM_CHA
210,000.00 RBC
DTD 07/20/2022 3.970% 04/15/2027

Page 23 ends

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
Dated Date/Coupon/Maturity CUSIP Par Broker at Mkt
Asset-Backed Security
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
DCENT 2023-A1 A
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
254683CY9
140,000.00 WELLS_F
275,000.00 RBC

99.26 100.19

99.92 138,970.90
275,523.57
244,808.66
247,491.80
171,267.59
129,909.57
319,085.86
(1,000.13)
568.64
(1,003.81)
563.52

1.89 1.84

2.03 2.28

2.11 2.27

2.66 4.66

4.77 4.65

4.70 4.87

4.67 4.38
245,000.00 MERRILL
245,000.00 RBC
(191.22)
2,530.24
1,284.71
(76.87)
(191.23)
2,526.43
1,284.06
(77.11)
101.02
100.75

99.93 170,000.00 JPM_CHA
130,000.00 BNP_PAR
320,000.00 RBC 99.71 (895.58) (895.79)
DTD 04/11/2023 4.310% 03/15/2028
Security Type Sub-Total 2,953,311.74 2,903,854.87
50,236,941.15
(49,137.51) (49,210.34) 1.58

2.48 3.53
Managed Account Sub-Total 52,843,311.74 (1,078,653.64) (1,187,930.11) 4.15 Joint Powers Authority
CAMP Pool 342,105.09 1.00 342,105.09 0.00 0.00 0.00
Liquid Sub-Total 342,105.09 342,105.09 0.00 0.00 0.00
Securities Sub-Total
Accrued Interest
Total Investments
$53,185,416.83 $50,579,046.24
$265,395.61
$50,844,441.85
($1,078,653.64) ($1,187,930.11) 2.48 4.15%

Page 24 ends

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
Trade Method
BUY
Settle Security Description CUSIP Par Total
04/04/23
04/06/23
04/11/23
04/11/23
04/12/23
04/14/23
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
FHMS K054 A2
254683CY9 320,000.00
550,000.00
275,000.00
(319,981.44)
(526,839.84)
(263,613.28)

0.00 (319,981.44)
(527,285.69)
(263,885.87)
3137BSP72
3137BNGT5
(445.85)
(272.59)
DTD 04/20/2016 2.745% 01/01/2026
Transaction Type Sub-Total

INTEREST
1,145,000.00 (1,110,434.56) (718.44) (1,111,153.00)
04/01/23 04/01/23 CHARLES SCHWAB CORP NOTES
(CALLABLE)
808513BW4 300,000.00 0.00 4,950.00 4,950.00
DTD 09/24/2021 3.300% 04/01/2027
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027

HOME DEPOT INC (CALLABLE)

CORPORATE NOTE
04/01/23
04/14/23
04/15/23
04/15/23
04/15/23
04/25/23
04/14/23
04/15/23
04/15/23
04/15/23
3137BGK24
3130AJHU6
254683CP8
65480JAC4
437076CM2
250,000.00
350,000.00
195,000.00
140,000.00
25,000.00

0.00 0.00

0.00 637.92
875.00

94.25 637.92
875.00

94.25 520.33
337.50
520.33
337.50
DTD 03/28/2022 2.700% 04/15/2025
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
HART 2021-C A3
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
44933LAC7
14318MAD1
41285JAD0
44935FAD6
891940AC2
57,128.64
210,000.00
170,000.00
80,000.00
245,000.00

0.00 0.00

0.00 18.09
694.75
715.42

49.33 18.09
694.75
715.42

49.33 DTD 11/17/2021 0.740% 05/15/2026
TAOT 2023-A A3 945.29 945.29
DTD 01/30/2023 4.630% 09/15/2027

Page 25 ends

Managed Account Security Transactions & Interest

INTEREST
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/16/23
04/16/23
04/16/23
04/20/23
04/20/23
04/20/23
04/21/23
04/22/23
04/26/23
04/15/23
04/15/23
04/15/23
04/15/23
04/15/23
04/16/23
04/16/23
04/16/23
04/20/23
04/20/23
04/20/23
04/21/23
04/22/23
04/26/23
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025

INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026

FANNIE MAE NOTES
14314QAC8 89,088.86 0.00 38.61 38.61
344928AD8
65480BAC1
14041NGB1
89190GAC1
362554AC1
36265QAD8
3137EAEY1
36261RAD0
380144AD7
459058JV6
43815GAC3
3135G03U5
06406RAS6
130,000.00
273,072.88
245,000.00
278,383.99
85,000.00
275,000.00
325,000.00
85,000.00
35,000.00

0.00 0.00

0.00 0.00
251.88

75.09 251.88

75.09 1,010.63

60.32 1,010.63

60.32 48.17 48.17
1,104.58
203.13

23.38 1,104.58
203.13

23.38 11.96 11.96
154.35

73.33 154.35
100,000.00 73.33
350,000.00
210,000.00
1,093.75
525.00
1,093.75
525.00
DTD 04/24/2020 0.625% 04/22/2025

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
04/27/23
04/29/23
04/27/23
04/29/23
172967JP7
61746BDQ6
225,000.00
400,000.00

0.00 0.00
3,712.50
7,750.00
3,712.50
7,750.00

Page 26 ends

Managed Account Security Transactions & Interest

INTEREST
04/30/23
04/30/23
04/30/23
04/30/23

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026

US TREASURY N/B NOTES
91282CBW0 1,025,000.00
1,200,000.00

0.00 3,843.75 3,843.75
91282CEN7 0.00 16,500.00 16,500.00
DTD 04/30/2022 2.750% 04/30/2027
Transaction Type Sub-Total

MATURITY
7,352,674.37 0.00 46,318.31 46,318.31
04/20/23 04/20/23 INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
459058JV6 245,000.00 245,000.00 0.00 245,000.00 507.15 0.00 Transaction Type Sub-Total

PAYDOWNS
245,000.00 245,000.00 0.00 245,000.00 507.15 0.00
04/15/23
04/15/23
04/15/23
04/15/23
04/20/23
04/15/23
04/15/23
04/15/23
04/15/23
04/20/23
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
NAROT 2021-A A3
14314QAC8
44933LAC7
89190GAC1
65480BAC1
36261RAD0
5,811.52
4,516.94
5,811.52
4,516.94

0.00 0.00

0.00 5,811.52
4,516.94

1.25 0.48

2.04 0.30

1.82 0.00

0.00 0.00

0.00 0.00
18,985.73
18,023.21
12,025.23
18,985.73
18,023.21
12,025.23
18,985.73
18,023.21
12,025.23
DTD 06/23/2021 0.330% 10/15/2025
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
Transaction Type Sub-Total
SELL
59,362.63 59,362.63 0.00 59,362.63 5.89 0.00
04/04/23
04/06/23
04/11/23
04/11/23
04/12/23
04/14/23

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024

US TREASURY N/B NOTES
91282CDV0
91282CDV0
91282CDV0
325,000.00
550,000.00
275,000.00
315,465.82
534,101.56
266,782.23
549.90
943.89
485.24
316,015.72
535,045.45
267,267.47
2,856.45
5,070.31
2,266.60
110.24
367.56
FIFO
FIFO
(140.10) FIFO
DTD 01/31/2022 0.875% 01/31/2024
Transaction Type Sub-Total 1,150,000.00 1,116,349.61 1,979.03 1,118,328.64 10,193.36 337.70

Page 27 ends

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Transaction Type
Trade Settle
Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L Sale
Security Description CUSIP Par Total Cost Amort Cost Method Managed Account Sub-Total
Total Security Transactions
310,277.68 47,578.90 357,856.58 10,706.40 337.70
$310,277.68 $47,578.90 $357,856.58 $10,706.40 $337.70

Page 28 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
Opening Balance
04/03/23
04/11/23
04/11/23
04/11/23
04/12/23
04/12/23
04/12/23
04/12/23
04/14/23
04/14/23
04/14/23
04/14/23
04/14/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
15,909.15
20,859.15
336,324.97
336,874.87
16,893.43
550,994.99
551,938.88
551,493.03
24,653.19
25,528.19
26,013.43
292,795.66
29,182.38
28,909.79
29,112.92
29,450.42
30,461.05
30,499.66
31,194.41
31,288.66
31,540.54
31,588.71
04/03/23
04/11/23
04/11/23
04/11/23
04/12/23
04/12/23
04/12/23
04/12/23
04/14/23
04/14/23
04/14/23
04/14/23
04/14/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
Purchase - Interest 808513BW4
Purchase - Principal 91282CDV0
Purchase - Interest 91282CDV0
Redemption - Principal 254683CY9
Purchase - Principal 91282CDV0
Purchase - Interest 91282CDV0
Redemption - Interest 3137BSP72
Redemption - Principal 3137BSP72
Purchase - Interest 3130AJHU6
Purchase - Interest 91282CDV0
Purchase - Principal 91282CDV0
Redemption - Principal 3137BNGT5
Redemption - Interest 3137BNGT5
Purchase - Interest 3137EAEY1
Purchase - Interest 437076CM2
Purchase - Interest 14041NGB1
Purchase - Interest 14314QAC8
Purchase - Interest 14318MAD1
Purchase - Interest 254683CP8
Purchase - Interest 344928AD8
Purchase - Interest 362554AC1

1.00 1.00

1.00 4,950.00
315,465.82
549.90
(319,981.44)
534,101.56
943.89
(445.85)
(526,839.84)
875.00
485.24
266,782.23
(263,613.28)
(272.59)
203.13
337.50
1,010.63

38.61 694.75

94.25 251.88

48.17

Page 29 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/20/23
04/20/23
04/20/23
04/20/23
04/20/23
04/21/23
04/24/23
04/25/23
04/25/23
04/25/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/17/23
04/20/23
04/20/23
04/20/23
04/20/23
04/20/23
04/21/23
04/24/23
04/25/23
04/25/23
04/25/23
Purchase - Interest 36265QAD8
Purchase - Interest 41285JAD0
Purchase - Interest 44933LAC7
Purchase - Interest 44935FAD6
Purchase - Interest 65480BAC1
Purchase - Interest 65480JAC4
Purchase - Interest 89190GAC1
Purchase - Interest 891940AC2
Purchase - Principal 14314QAC8
Purchase - Principal 44933LAC7
Purchase - Principal 65480BAC1
Purchase - Principal 89190GAC1
Purchase - Interest 459058JV6
Purchase - Interest 380144AD7
Purchase - Interest 36261RAD0
Purchase - Principal 459058JV6
Purchase - Principal 36261RAD0
Purchase - Interest 43815GAC3
Purchase - Interest 3135G03U5
Purchase - Interest 3137BGK24
IP Fees March 2023

1.00 1.00

1.00 1.00
1,104.58
715.42
32,693.29
33,408.71
33,426.80
33,476.13
33,551.22
34,071.55
34,131.87
35,077.16
40,888.68
45,405.62
63,428.83
82,414.56
82,568.91
82,580.87
82,604.25
327,604.25
339,629.48
339,702.81
340,796.56
341,434.48
337,493.19
337,273.73

18.09 49.33

75.09 520.33

60.32 945.29
5,811.52
4,516.94
18,023.21
18,985.73
154.35

11.96 23.38
245,000.00
12,025.23

73.33 1,093.75
637.92
(3,941.29)
U.S. Bank Fees February 2023 (219.46)

Page 30 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending April 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
04/26/23
04/27/23
04/28/23
04/26/23
04/27/23
05/01/23
Purchase - Interest 06406RAS6
Purchase - Interest 172967JP7

1.00 1.00

1.00 525.00
3,712.50
593.86
337,798.73
341,511.23
Accrual Income Div Reinvestment - Distributions 342,105.09 Closing Balance 342,105.09
Month of Fiscal YTD
April January-April
Opening Balance
Purchases
Redemptions (Excl. Checks)
Check Disbursements
15,909.15
1,441,509.69
(1,115,313.75)

0.00 46,870.41
24,304,746.21
(24,009,511.53)

0.00 Closing Balance
Average Monthly Balance
Monthly Distribution Yield
342,105.09
144,709.93

4.97%
Closing Balance 342,105.09 342,105.09
Cash Dividends and Income 593.86 23,432.23

Page 31 ends

Review of Investment Performance
CAMP Accounts
City of Lake Elsinore
Investment Performance Review
For the Quarter Ended March 31, 2023
PFM Asset Management LLC
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public Market Update
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Current Market Themes
▸ The U.S. economy is characterized by:
▹ Lingering inflation that remains well above the Fed’s long-term inflation target ▹ A labor market showing the first signs of moderation
▹ Greater economic uncertainty following the surprise failure of Silicon Valley Bank and Signature Bank
▸ Fed policy tightening may be nearly complete
▹ The most recent FOMC statement noted that “some additional policy firming may be appropriate,” but the need for more rate hikes has become less clear ▹ Although the Fed acknowledged the impact of the recent bank failures, their March updated Summary of Economic Projections were little changed from December ▹ The Fed has maintained that they will keep rates elevated for some time, but the market is pricing in rate cuts beginning mid-year
▸ Bond markets saw unprecedented volatility in March
▹ In a classic “flight to quality,” Treasury yields fell sharply, with the 2-year Treasury yield falling from 5.07% on March 8 to under 4.00% on March 17
▹ The curve inversion from 3 months to 10 years reached the deepest levels in over 40 years ▹ Credit yield spreads widened, especially those on banks, but not nearly to levels seen during the global financial crisis
1 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Fed’s Updated Projections Reflect Little Change From December Change in Real GDP Unemployment Rate
December Projections March Projections December Projections March Projections 3%
2%
1%
0%
8%
6%
4%
2%
0%

1.9% 1.8% 4.5% 4.6% 4.6%

4.0%

1.2%

0.4%
2023 2024 2025 Longer
Run
2023 2024 2025 Longer
Run
PCE Inflation Federal Funds Rate
December Projections March Projections December Projections March Projections 6%
5%
4%
3%
2%
1%
0%
6%
5%
4%
3%
2%
1%
0%

5.1%

4.3%

3.3%

3.1%

2.5% 2.5% 2.1% 2.0%
2023 2024 2025 Longer
Run
2023 2024 2025 Longer
Run
Source: Federal Reserve, latest economic projections as of March 2023. 2 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Market Events Drive Large Yield Moves
Major Economic and Market Events
and the Daily Change in the 2-Year U.S. Treasury Yield
Jan 6th
Weak wage growth
hints inflation may
be cooling
Feb 3rd Mar 10th
Silicon Valley
Bank closed by
regulators
Mar 21st
Market prices in
expected 25 bps rate
hike
Strong jobs report
raises questions of
more rate hikes
Mar 15th
Bank crisis spills
over to Europe
▼-21 bps ▲ +18bps ▼-30 bps ▼-27 bps ▲ +25 bps
January 2023 April
Jan 18th
Producer
prices show
Feb 6th Mar 13th Mar 17th
Market weighs
weaker economic
prospects
Mar 22nd
Fed rate hike
accompanied
by softer tone
Markets continue
to stew on strong
economic data
Market digests
weekend action on
strong decline two failed banks
▼-12 bps ▲ +18bps ▼-57 bps ▼-33 bps ▼-21 bps
▼/▲ Changes in 2-Year Treasury
3 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Bond Markets Saw Unprecedented Volatility in March
The surprise failure of two large U.S. banks caused volatility in the markets. In a classic “flight to quality”, Treasury yields fell sharply, with the 2-year Treasury yield falling from

5.07% on March 8 to 4.03% on March 31.
2-Year Treasury Fixed Income Market Volatility
Daily High and Low Yield ICE BofA MOVE Index
250
200
150
100
50 5.5%

5.0%

4.5%

4.0%

3.5%

3.0%
The “MOVE index,” which measures volatility in
the bond market, eclipsed the level seen in the
early days of the COVID pandemic
Average daily yield
changes of over 20 bps
0 Jan-23 Feb-23 Mar-23 Apr-23 2019 2020 2021 2022 2023
Source: Bloomberg, ICE BofA Indices. As of 03/31/2023.
4 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Market Expectations Evolve Amid Changing Policy Environment Implied Federal Funds Rate
6%
5%
4%
3%
2%
1%
1-Year Range
March 31, 2023
February 28, 2023
Median FOMC Projections
0%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Source: Bloomberg, Federal Reserve latest economic projection as of 03/31/2023. 5 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
As Economic Uncertainty Increased, Longer-Term Interest Rates Fell U.S. Treasury Yield Curve

6.0%

5.0% 4.86%

4.03%

4.69%

4.0%

3.0%

2.0%

1.0%

0.0%

3.79%

3.57% 3.47%

3.65%
1 Year Range
March 31, 2023
December 31, 2022
3mo 2yr 5yr 7yr 10yr 30yr
Maturity
Source: Bloomberg, as of 03/31/2022.
6 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Sector Yield Spreads
Federal Agency Yield Spreads Corporate Notes A-AAA Yield Spreads

0.8%

0.6%

0.4%

0.2%

0.0%
-0.2%

1.2%

1.0%

0.8%

0.6%

0.4%

0.2%

0.0%
Bullet Callable
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mortgage-Backed Securities Yield Spreads Asset-Backed Securities AAA Yield Spreads

2.0% 1.6%

1.5%

1.0%

0.5%

0.0%
Agency MBS AAA CMBS Index

1.2%

0.8%

0.4%

0.0%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of 03/31/2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

CMBS is Commercial Mortgage-Backed Securities.
7 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Corporate Yield Spreads Modestly Wider, Led By Financials Investment Grade Corporate Spreads Difference Between Financial and 1-5 Year U.S. Corporate Index Industrial Corporate Yield Spreads 1-5 Year U.S. Corporate Index Financials Industrials
400
350
300
250
200
150
100
50 200
180
160
140
120
100
80 Although financials led corporate
spreads wider, they remain far
below previous peaks
60 40 0
20 -50
0 -100
Jan-23 Feb-23 Mar-23 Apr-23 2003 2007 2011 2015 2019 2023 Source: Bloomberg, ICE BofA Indices as of 03/31/2023.
8 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Fixed-Income Markets in Q1 2023
1-5 Year Indices Quarterly Returns 10-Year Average

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%

2.5%

2.12%

2.0%

1.82%

1.73% 1.68% 1.68% 1.65%

1.47% 1.5%

1.0%

0.5%

0.0%

1.28%

0.87% 0.83%
Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of 03/31/2023. 9 © PFM Asset Management LLC | pfmam.com
Portfolio Review
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Snapshot
Portfolio Snapshot¹
Portfolio Statistics Sector Allocation
Total Market Value
Managed Account Sub-Total
Accrued Interest
$50,615,469.53
$50,363,475.91
$236,084.47
$15,909.15
U.S. Treasury | 56%
Corporate | 22%
Pool Federal Agency | 9%
ABS | 5%
Municipal | 3%
Supranational | 3%
Negotiable CD | 2%
Agency CMBS | 1%
JointPowers Authority | <1%
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost

2.49 years

2.50 years

2.86%
Yield At Market 4.19%
Portfolio Credit Quality AA
Credit Quality - S&P Duration Distribution
Portfolio
35%
Benchmark
44%
AAA | 9%
50%
40%
30%
20%
10%
0%
AAAm | <1%
AA+ | 67%
AA| 4%
AA- | 4%
A+ | 2%
A | 3%
A- | 7%
BBB+ | 3%
Not Rated | 2%
27%
20% 19% 21%
13% 12%
4% 4%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs

1. Total market value includes accrued interest and balances invested in CAMP, as of March 31, 2023.

Yield and duration calculations exclude balances invested in CAMP.

The portfolio’s benchmark is the ICE BofAML 1-5 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio. 10 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Account Summary
Sector Allocation Analytics
U.S. Treasury - $28,258,952 55.8%
Federal Agency - $4,737,812
Agency CMBS - $244,241
Supranational - $1,331,104
Municipal - $1,452,290
Negotiable CD - $923,749
Corporate - $11,007,698
ABS - $2,643,715

9.4%

0.5%

2.6%

2.9%

1.8%

21.7%

5.2%
Joint Powers Authority - $15,909 0.0%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Portf olio Allocation Sector Limit for Analysis*
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Compliance
Certificate of Compliance
During the reporting period for the quarter ended March 31, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 12 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Portfolio Activity
Net Activity by Sector
($ millions)
Sector Net Activity
$16,597,985
$2,857,928
$446,608
U.S. Treasury
Corporate U.S. Treasury
Corporate
ABS
Municipal $200,000
Federal Agency
Negotiable CD
Total Net Activity
($146,479)
($251,495)
$19,704,546
ABS
Municipal
Federal Agency
Negotiable CD
($5.0) $0.0 $5.0 $10.0 $15.0 $20.0
Sales/Maturities Purchases
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding. 13 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Characteristics
Historical Sector Allocation
7% 5%
22%
27%
2%
3%
3%
4%
4%
1%
9%
4%
1%
16%
56%
37%
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 14 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Portfolio Performance
Portfolio Benchmark

2.0%

1.5%

1.0%

0.5%

0.0%
-0.5%
-1.0%
-1.5%
3 Months 1 Year 3 Years 5 Years 10 Years
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned²
Change in Market Value
Total Dollar Return
Total Return³
$214,314
$512,195
$726,509
$533,424
($414,670)
$118,754
$1,551,623
($2,147,816)
($596,193)
$3,172,989
($392,216)
$2,780,773
$5,354,955
($1,265,272)
$4,089,683
Portfolio 1.79%

1.82%
-0.03%
-0.21%
-0.38%

0.17%
-0.83%
-1.41%

0.58%

1.34%

1.10%

0.24%

1.11%

0.87%

0.24%
Benchmark⁴
Difference

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2010.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.

3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.

4. The portfolio’s benchmark is the ICE BofAML 1-5 Year U.S. Treasury Index. Source: Bloomberg. 15 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Quarterly Sector Performance
Total Return by Sector Contribution to Total Return
Price Returns Income Returns U.S. Treasury | 1.22%
Federal Agency | 0.16%
Agency CMBS | 0.01%
Supranational | 0.04%
Municipal | 0.06%
Negotiable CD | 0.05%
Commercial Paper | <0.01%
Corporate | 0.31%
ABS | 0.07%

0.34%

0.10%

1.91% Cash | 0.11%

1.45%
U.S. Treasury
Federal Agency
Agency CMBS
Supranational
Municipal

2.50%

2.00%

1.50%

1.00%

0.50%

0.00%

0.80%

0.58%

0.09%

1.25%

0.31%

1.87%

1.15%
Negotiable CD 1.01%
Commercial Paper
Corporate

0.00%

0.67%

0.93%

0.60%
ABS 0.71%

3.96%
Cash 0.00%
-2.0% -0.4% 1.2% 2.8% 4.4% 6.0%
Return Return

1. Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).

2. Income returns calculated as interest earned on investments during the period.

3. Price returns calculated as the change in market value of each security for the period.

4. Returns are presented on a periodic basis.
16 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Accrual Basis Earnings
Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $214,314
($105,869)
$120,176
$228,620
$533,424
($421,689)
$119,088
$230,823
$1,551,623
$87,991
$3,172,989
$176,302
$66,728
$5,354,955
Realized Gains / (Losses)³ $416,702
Change in Amortized Cost
Total Earnings
($15,055)
$1,624,558
($207,251)
$3,416,019 $5,564,406

1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.

3. Realized gains / (losses) are shown on an amortized cost basis. 17 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Market Update
Fixed-Income Sector Outlook – 2Q 2023
Sector Our Investment Preferences

C O M M E R C I A L P A P E R
/ C D

T R E A S U R I E S
T-Bill
T-Note

F E D E R A L A G E N C I E S
Bullets
Callables

S U P R A N A T I O N A L S

C O R P O R A T E S
Financials
Industrials

S E C U R I T I Z E D
Asset-Backed
Agency Mortgage-Backed
Agency CMBS

M U N I C I P A L S
Slightly
Negative
Slightly Current outlook Outlook one quarter ago Positive Negative Neutral Positive 18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Summary
Issuer Diversification
Security Type / Issuer
U.S. Treasury
Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch

55.8% Corporate 21.8%
UNITED STATES TREASURY 55.8% AA / Aaa / AAA ABBOTT LABORATORIES AMAZON.COM INC

0.4%

0.9%

0.7%

0.8%

1.5%

0.9%

0.4%

0.7%

0.4%

0.8%

0.1%

0.4%

0.2%

0.4%

0.8%

0.0%

0.4%

0.9%

1.5%

0.8%

1.5%

0.8%

AA / A / NR

AA / A / AA

BBB / A / A

A / A / A
Federal Agency 9.4%

AMERICAN EXPRESS CO

AMERICAN HONDA FINANCE

APPLE INC
FANNIE MAE 3.1%

0.9%

5.4%

0.5%
AA / Aaa / AAA
AA / Aaa / NR
AA / Aaa / AAA

FEDERAL HOME LOAN BANKS
FREDDIE MAC AA / Aaa / NR

A / A / AA
AA / Aa / A

A / A / NR

A / A / A

BANK OF AMERICA CO

BERKSHIRE HATHAWAY INC

BMW FINANCIAL SERVICES NA LLC

BRISTOL-MYERS SQUIBB CO

CATERPILLAR INC
Agency CMBS
FREDDIE MAC 0.5% AA / Aaa / AAA
Supranational 2.6%

INTER-AMERICAN DEVELOPMENT BANK

INTL BANK OF RECONSTRUCTION AND DEV
Municipal

1.2%

1.4%

2.9%
AAA / Aaa / AAA
AAA / Aaa / AAA CHARLES SCHWAB A / A / A
CINTAS CORPORATION NO. 2

CITIGROUP INC

A / A / NR

BBB / A / A

A / A / A
CALIFORNIA STATE UNIVERSITY 0.2%

0.2%
AA / Aa / NR
CHAFFEY JOINT UNION HIGH SCHOOL AA / Aa / NR

DISTRICT

DEERE & COMPANY

GENERAL DYNAMICS CORP

GOLDMAN SACHS GROUP INC

HOME DEPOT INC

A / A / NR

BBB / A / A

A / A / A
FLORIDA STATE BOARD OF ADMIN FIN CORP 0.6%

0.3%
AA / Aa / AA

LOS ANGELES COMMUNITY COLLEGE

DISTRICT
AA / Aaa / NR

NEW YORK ST URBAN DEVELOPMENT CORP

SAN JUAN UNIFIED SCHOOL DISTRICT

STATE OF CALIFORNIA

0.6%

0.2%

0.4%

0.1%

0.2%

1.8%

NR / NR / AA
NR / Aa / NR
AA / Aa / AA
AA / Aa / AA
AAA / Aaa / AAA
AA / Aa / AA

IBM CORP A / A / NR

A / A / AA
AAA / Aaa / NR

A / A / A

JP MORGAN CHASE & CO

MICROSOFT CORP

STATE OF CONNECTICUT MORGAN STANLEY
STATE OF MINNESOTA NATIONAL AUSTRALIA BANK LTD AA / Aa / NR

UNIVERSITY OF CALIFORNIA A / A / A
Negotiable CD

NATIONAL RURAL UTILITIES CO FINANCE
CORP

PACCAR FINANCIAL CORP

PNC FINANCIAL SERVICES GROUP
Roche Holding AG

0.3%

0.8%

A / A / NR
A / A / A NORDEA BANK ABP 0.9%

0.9%
AA / Aa / AA
TORONTO-DOMINION BANK A / A / NR AA / Aa / AA
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
19 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Summary
Issuer Diversification
Security Type / Issuer
Corporate
Market Value (%) S&P / Moody's / Fitch

21.8%
TARGET CORP 0.1%

1.2%

A / A / A

THE BANK OF NEW YORK MELLON

CORPORATION

A / A / AA

THE WALT DISNEY CORPORATION

TOYOTA MOTOR CORP

UNITEDHEALTH GROUP INC

USAA CAPITAL CORP
ABS

0.8%

0.4%

5.2%

BBB / A / A

A / A / A

A / A / A
AA / Aa / NR

CAPITAL ONE FINANCIAL CORP

CARMAX AUTO OWNER TRUST

DISCOVER FINANCIAL SERVICES

FORD CREDIT AUTO OWNER TRUST

0.5%

0.6%

0.4%

0.3%

0.7%

AAA / NR / AAA

AAA / NR / AAA
AAA / Aaa / NR

AAA / NR / AAA
GM FINANCIAL CONSUMER AUTOMOBILE AAA / Aaa / AAA
TRUST

GM FINANCIAL LEASINGTRUST

HARLEY-DAVIDSON MOTORCYCLE TRUST

HONDA AUTO RECEIVABLES

HYUNDAI AUTO RECEIVABLES

NISSAN AUTO RECEIVABLES

TOYOTA MOTOR CORP

0.2%

0.3%
AAA / Aaa / AAA
NR / Aaa / AAA
NR / Aaa / AAA

AAA / NR / AAA
AAA / Aaa / NR

AAA / NR / AAA

0.2%

0.3%

0.8%

1.0%
Total 100.0%
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)
BUY
1/4/2023
1/13/2023
1/13/2023
1/13/2023
1/13/2023
1/19/2023
1/24/2023
1/31/2023
2/8/2023
2/13/2023
2/17/2023
2/17/2023
3/2/2023
3/9/2023
3/9/2023
3/14/2023
1/6/2023 975,000.00
9,500,000.00
7,000,000.00
300,000.00
500,000.00
775,000.00
245,000.00
1,200,000.00
375,000.00
170,000.00
350,000.00
300,000.00
800,000.00
375,000.00
200,000.00
750,000.00
912828U24
912828U24
91282CDV0
025816CS6
63254ABE7
037833DB3
891940AC2
91282CEN7
89236TKQ7
41285JAD0
637432NP6
808513BW4
91282CFB2
110122DE5
13063D3N6
594918BY9
US TREASURY NOTES 2.00%

2.00%

0.87%

2.55%

3.90%

2.90%

4.63%

2.75%

4.62%

5.05%

3.40%

3.30%

2.75%

3.90%

4.84%

3.30%
11/15/2026
11/15/2026
1/31/2024
3/4/2027
909,893.87
8,955,644.43
6,761,419.84
280,050.50
490,440.21
749,241.15
244,999.88
1,164,082.10
377,631.46
169,982.88
329,684.83
288,802.50
748,597.55
359,198.13
200,000.00
724,761.25

3.96%

3.72%

4.68%

4.59%

4.50%

3.94%

4.63%

3.70%

4.55%

5.05%

4.76%

4.66%

4.44%

4.93%

4.85%

4.36%
1/17/2023
1/17/2023
1/18/2023
1/18/2023
1/23/2023
1/30/2023
2/3/2023

US TREASURY NOTES

US TREASURY N/B NOTES

AMERICAN EXPRESS CO CORP NOTES (CALLABLE

NATIONAL AUSTRALIA BK/NY CORPORATE NOTES

APPLE INC (CALLABLE) BONDS
6/9/2027
9/12/2027
9/15/2027
4/30/2027
1/12/2028
12/15/2027
2/7/2028
TAOT 2023-A A3

US TREASURY N/B NOTES
2/10/2023
2/23/2023
2/22/2023
2/22/2023
3/6/2023

TOYOTA MOTOR CREDIT CORP CORPORATE NOTES
HDMOT 2023-A A3

NATIONAL RURAL UTIL COOP CORP NOTES (CAL

CHARLES SCHWAB CORP NOTES (CALLABLE)

US TREASURY N/B NOTES
4/1/2027
7/31/2027
2/20/2028
3/1/2027
3/13/2023
3/15/2023
3/17/2023

BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL

CA ST MUNICIPAL BONDS
MICROSOFT CORP CORP NOTES (CALLABLE) 2/6/2027
21 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)
BUY
3/28/2023 3/31/2023 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 129,986.44 4.65% Total BUY

INTEREST
1/1/2023
23,945,000.00 22,884,417.02 0.00
1/1/2023 310,000.00
60,000.00
250,000.00
400,000.00
225,000.00
195,000.00
40,000.00
105,956.15
140,000.00
295,000.00
210,000.00
325,000.00
245,000.00
70,079.91
341271AD6
20772KJW0
3137BGK24
38141EC23
14913R2U0
254683CP8
87612EBM7
14314QAC8
65480JAC4
65480BAC1
14318MAD1
89190GAC1
14041NGB1
44933LAC7

FL ST BOARD OF ADMIN TXBL REV BONDS

CT ST TXBL GO BONDS

1.25%

1.99%

3.06%

3.85%

1.70%

0.58%

1.95%

0.52%

4.46%

0.33%

3.97%

0.26%

4.95%

0.38%
7/1/2025 1,949.90
599.40
637.92
7,700.00
1,912.50

94.25 1/1/2023 1/1/2023 7/1/2024
1/1/2023 1/25/2023
1/8/2023
FHMS K043 A2 12/1/2024
1/8/2023 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 7/8/2024

CATERPILLAR FINL SERVICE CORPORATE NOTES
DCENT 2021-A1 A1
1/8/2023 1/8/2023 1/8/2027
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
1/15/2023
9/15/2026
1/15/2027
2/17/2026
5/17/2027
10/15/2025
4/15/2027
11/17/2025
10/15/2027
9/15/2025

TARGET CORP CORP NOTES (CALLABLE)
CARMX 2021-2 A3
390.00

45.91 NAROT 2022-B A3 520.33
NAROT 2021-A A3 81.13
CARMX 2022-3 A3 694.75
TAOT 2021-B A3 70.42
COMET 2022-A3 A 1,010.63
HART 2021-A A3 22.19
22 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
1/15/2023
1/16/2023
1/16/2023
1/20/2023
1/20/2023
1/21/2023
1/21/2023
1/23/2023
1/26/2023
1/27/2023
1/31/2023
1/31/2023
2/1/2023
1/15/2023
1/16/2023
1/16/2023
1/20/2023
1/20/2023
1/21/2023
1/21/2023
1/23/2023
1/26/2023
1/27/2023
1/31/2023
1/31/2023
2/1/2023
80,000.00
85,000.00
44935FAD6
362554AC1
36265QAD8
380144AD7
36261RAD0
3137EAEU9
43815GAC3
693475AV7
06406RBA4
459200KS9
91282CDV0
91282CCP4
157411TK5
60412AVJ9
54438CYK2
798306WP7
06051GFS3
HART 2021-C A3 0.74%

0.68%

4.82%

0.41%

0.33%

0.37%

0.88%

3.50%

2.05%

4.00%

0.87%

0.62%

2.10%

0.63%

0.77%

0.85%

3.87%
5/15/2026
9/16/2026
8/16/2027
5/20/2025
2/20/2025
7/21/2025
1/21/2026
1/23/2024
1/26/2027
7/27/2025
1/31/2024
7/31/2026
8/1/2024

49.33 GMCAR 2021-4 A3 48.17
1,104.58

11.96 275,000.00
35,000.00
GMCAR 2022-4 A3
GMALT 2021-2 A4
85,000.00 GMALT 2021-1 A4 23.38
425,000.00
100,000.00
400,000.00
475,000.00
225,000.00
7,000,000.00
3,800,000.00
100,000.00
100,000.00
140,000.00
130,000.00
225,000.00
FREDDIE MAC NOTES 796.88
HAROT 2021-4 A3 73.33

PNC BANK NA CORP NOTES (CALLABLE)

BANK OF NY MELLON CORP (CALLABLE) CORPOR

IBM CORP CORPORATE NOTES

US TREASURY N/B NOTES

CHAFFEY UHSD, CA TXBL GO BONDS

MN ST TXBL GO BONDS
7,000.00
4,868.75
4,500.00
30,625.00
11,875.00
1,050.50
2/1/2023 2/1/2023 8/1/2025 315.00
2/1/2023 2/1/2023 LOS ANGELES CCD, CA TXBL GO BONDS

SAN JUAN USD, CA TXBL GO BONDS

BANK OF AMERICA CORP NOTES
8/1/2025 541.10
2/1/2023 2/1/2023 8/1/2025 553.80
2/1/2023 2/1/2023 8/1/2025 4,359.38
23 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
2/1/2023 2/25/2023
2/6/2023
250,000.00
175,000.00
70,000.00
175,000.00
65,730.34
140,000.00
314,935.32
210,000.00
100,007.55
295,000.00
245,000.00
245,000.00
195,000.00
80,000.00
275,000.00
85,000.00
35,000.00
3137BGK24
69371RQ66
05565EBU8
05565EBW4
44933LAC7
65480JAC4
89190GAC1
14318MAD1
14314QAC8
65480BAC1
891940AC2
14041NGB1
254683CP8
44935FAD6
36265QAD8
362554AC1
380144AD7
FHMS K043 A2 3.06%

1.80%

0.75%

1.25%

0.38%

4.46%

0.26%

3.97%

0.52%

0.33%

4.63%

4.95%

0.58%

0.74%

4.82%

0.68%

0.41%
12/1/2024
2/6/2025
637.92
2/6/2023 PACCAR FINANCIAL CORP CORPORATE NOTES

BMW US CAPITAL LLC CORPORATE NOTES

BMW US CAPITAL LLC (CALLABLE) CORPORATE
HART 2021-A A3
1,575.00
262.50
1,093.75

20.81 2/12/2023
2/12/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/16/2023
2/16/2023
2/20/2023
2/12/2023
2/12/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
2/16/2023
2/16/2023
2/20/2023
8/12/2024
8/12/2026
9/15/2025
5/17/2027
11/17/2025
4/15/2027
2/17/2026
10/15/2025
9/15/2027
10/15/2027
9/15/2026
5/15/2026
8/16/2027
9/16/2026
5/20/2025
NAROT 2022-B A3 520.33
TAOT 2021-B A3 68.24
CARMX 2022-3 A3 694.75
CARMX 2021-2 A3 43.34
NAROT 2021-A A3 81.13
TAOT 2023-A A3 472.65
1,010.63

94.25 COMET 2022-A3 A
DCENT 2021-A1 A1
HART 2021-C A3 49.33
GMCAR 2022-4 A3 1,104.58
GMCAR 2021-4 A3 48.17
GMALT 2021-2 A4 11.96
24 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
2/20/2023
2/21/2023
2/24/2023
2/25/2023
2/28/2023
3/1/2023
2/20/2023
2/21/2023
2/24/2023
2/25/2023
2/28/2023
3/25/2023
3/4/2023
85,000.00
100,000.00
175,000.00
350,000.00
400,000.00
250,000.00
80,000.00
36261RAD0
43815GAC3
46647PCV6
3135G05X7
254687FK7
3137BGK24
025816CQ0
025816CS6
3130AK5E2
3137EAEW5
24422EVU0
771196BT8
037833DB3
14318MAD1
14041NGB1
084664CZ2
44935FAD6
GMALT 2021-1 A4 0.33%

0.88%

2.59%

0.37%

1.75%

3.06%

2.25%

2.55%

0.37%

0.25%

0.62%

2.13%

2.90%

3.97%

4.95%

2.30%

0.74%
2/20/2025
1/21/2026
2/24/2026
8/25/2025
8/30/2024
12/1/2024
3/4/2025

23.38 HAROT 2021-4 A3 73.33
2,270.63
656.25

JPMORGAN CHASE & CO CORP NOTES (CALLABLE

FANNIE MAE NOTES

WALT DISNEY COMPANY/THE (CALLABLE)
FHMS K043 A2
3,500.00
637.92
3/4/2023 AMERICAN EXPRESS CO CORP NOTES (CALLABLE

AMERICAN EXPRESS CO CORP NOTES (CALLABLE

FEDERAL HOME LOAN BANK NOTES

FREDDIE MAC NOTES
900.00
3/4/2023 3/4/2023 300,000.00
150,000.00
750,000.00
100,000.00
410,000.00
775,000.00
210,000.00
245,000.00
475,000.00
80,000.00
3/4/2027 3,825.00
3/4/2023 3/4/2023 9/4/2025 281.25
3/8/2023 3/8/2023 9/8/2023 937.50
3/10/2023
3/10/2023
3/12/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/10/2023
3/10/2023
3/12/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023

JOHN DEERE CAPITAL CORP CORPORATE NOTES

ROCHE HOLDINGS INC (CALLABLE) CORPORATE

APPLE INC (CALLABLE) BONDS
CARMX 2022-3 A3
9/10/2024
3/10/2025
9/12/2027
4/15/2027
10/15/2027
3/15/2027
5/15/2026
312.50
4,370.60
11,237.50
694.75
COMET 2022-A3 A 1,010.63
5,462.50

49.33 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
HART 2021-C A3
25 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/16/2023
3/16/2023
3/18/2023
3/20/2023
3/20/2023
3/21/2023
3/23/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/15/2023
3/16/2023
3/16/2023
3/18/2023
3/20/2023
3/20/2023
3/21/2023
3/23/2023
289,336.83
325,000.00
225,000.00
140,000.00
245,000.00
296,281.73
170,000.00
94,444.15
61,330.92
195,000.00
275,000.00
85,000.00
105,000.00
85,000.00
35,000.00
100,000.00
635,000.00
65480BAC1
650036DT0
002824BM1
65480JAC4
891940AC2
89190GAC1
41285JAD0
14314QAC8
44933LAC7
254683CP8
36265QAD8
362554AC1
808513BN4
36261RAD0
380144AD7
43815GAC3
4581X0DZ8
NAROT 2021-A A3 0.33%

0.87%

3.87%

4.46%

4.63%

0.26%

5.05%

0.52%

0.38%

0.58%

4.82%

0.68%

0.75%

0.33%

0.41%

0.88%

0.50%
10/15/2025
3/15/2025
9/15/2025
5/17/2027
9/15/2027
11/17/2025
12/15/2027
2/17/2026
9/15/2025
9/15/2026
8/16/2027
9/16/2026
3/18/2024
2/20/2025
5/20/2025
1/21/2026
9/23/2024

79.57 NY ST URBAN DEV CORP TXBL REV BONDS

ABBOTT LABORATORIES CORPORATE NOTES (CAL
NAROT 2022-B A3
1,413.75
4,359.38
520.33
945.29

64.19 TAOT 2023-A A3
TAOT 2021-B A3
HDMOT 2023-A A3 524.64
CARMX 2021-2 A3 40.93
HART 2021-A A3 19.42
DCENT 2021-A1 A1 94.25
GMCAR 2022-4 A3 1,104.58
GMCAR 2021-4 A3 48.17

CHARLES SCHWAB CORP NOTES (CALLABLE)
GMALT 2021-1 A4
393.75

23.38 GMALT 2021-2 A4 11.96
HAROT 2021-4 A3 73.33
INTER-AMERICAN DEVEL BK NOTES 1,587.50
26 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
3/23/2023 3/23/2023 700,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37%

0.59%
9/23/2025
3/17/2023
1,312.50
Total INTEREST

MATURITY
28,503,102.90 140,174.82 0.00
3/17/2023 3/17/2023 250,000.00 22552G3C2 CREDIT SUISSE NEW YORK CERT DEPOS 251,495.49 Total MATURITY

PAYDOWNS
250,000.00 251,495.49 0.00
1/15/2023
1/15/2023
1/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
3/15/2023
3/15/2023
3/15/2023
1/15/2023 4,349.57
10,064.68
5,948.60
4,399.42
5,563.40
5,663.17
18,653.59
16,263.95
17,897.74
4,202.28
44933LAC7
89190GAC1
14314QAC8
44933LAC7
14314QAC8
65480BAC1
89190GAC1
65480BAC1
89190GAC1
44933LAC7
HART 2021-A A3
TAOT 2021-B A3
CARMX 2021-2 A3
HART 2021-A A3
CARMX 2021-2 A3
NAROT 2021-A A3
TAOT 2021-B A3
NAROT 2021-A A3
TAOT 2021-B A3
HART 2021-A A3

0.38%

0.26%

0.52%

0.38%

0.52%

0.33%

0.26%

0.33%

0.26%

0.38%
9/15/2025
11/17/2025
2/17/2026
9/15/2025
2/17/2026
10/15/2025
11/17/2025
10/15/2025
11/17/2025
9/15/2025
4,349.57
10,064.68
5,948.60
4,399.42
5,563.40
5,663.17
18,653.59
16,263.95
17,897.74
4,202.28
1/15/2023
1/15/2023
2/15/2023
2/15/2023
2/15/2023
2/15/2023
3/15/2023
3/15/2023
3/15/2023
27 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

PAYDOWNS
3/15/2023 3/15/2023 5,355.29 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 5,355.29 Total PAYDOWNS
SELL
98,361.69 98,361.69 0.00
1/4/2023
1/4/2023
1/4/2023
1/19/2023
2/8/2023
2/8/2023
3/2/2023
3/8/2023
3/9/2023
3/14/2023
3/14/2023
3/28/2023
Total SELL
1/6/2023 500,000.00
325,000.00
75,000.00
912828XX3
912828XX3
912828XX3
037833DT4
89236TJK2
89236TKC8
3137EAEW5
91282CDV0
91282CDV0
912828U24
912828U24
91282CDV0
US TREASURY NOTES 2.00%

2.00%

1.12%

3.95%

0.25%

0.87%

2.00%

0.87%
6/30/2024
6/30/2024
6/30/2024
5/11/2025
6/18/2026
6/30/2025
9/8/2023
481,708.71
313,110.66
72,256.30
-26,812.33
-14,971.13
-3,133.80
-38,443.02
-15,253.63
-1,529.50
-3,711.14
-1,178.02
-2,072.43
580.75
1/6/2023 US TREASURY NOTES
1/6/2023 US TREASURY NOTES
1/23/2023
2/10/2023
2/10/2023
3/6/2023
550,000.00
145,000.00
100,000.00
150,000.00
200,000.00
400,000.00
350,000.00
50,000.00

APPLE INC (CALLABLE) CORP NOTES

TOYOTA MOTOR CREDIT CORP CORPORATE NOTES

FREDDIE MAC NOTES
513,293.00
129,755.43
98,833.89
146,478.92
192,551.62
385,287.04
328,392.32
46,913.19
3/15/2023
3/13/2023
3/17/2023
3/17/2023
3/31/2023
US TREASURY N/B NOTES 1/31/2024
1/31/2024
11/15/2026
11/15/2026
1/31/2024

US TREASURY N/B NOTES

US TREASURY NOTES
US TREASURY NOTES 552.32
125,000.00
2,970,000.00
US TREASURY N/B NOTES 121,433.14
2,830,014.22
102.58
-105,869.35
28 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
U.S. Treasury

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0
912828YY0
912828ZW3
912828ZW3
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
91282CCP4
6,275,000.00
500,000.00
450,000.00
250,000.00
350,000.00
825,000.00
450,000.00
650,000.00
400,000.00
150,000.00
950,000.00
75,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
1/13/2023 1/17/2023 6,035,765.62 4.68
534,414.06 0.18
443,654.30 0.58
245,156.25 0.72
344,859.38 0.70
814,236.33 0.68
446,167.97 0.57
632,251.95 1.05
387,968.75 1.13
147,052.73 0.82
926,843.75 1.33
71,458.01 1.92
819,035.16 2.94
179,007.81 3.53
819,562.50 3.04
9,100.48
2,199.59
282.81
157.11
329.94
777.71
424.21
612.74
377.07
141.40
2,991.71
236.19
932.32
207.18
932.32
6,082,476.29
513,705.66
446,700.56
247,429.40
346,902.68
818,136.11
447,606.47
638,249.81
391,863.12
148,191.69
933,459.82
72,405.77
6,075,964.53
479,609.40
414,703.13
230,390.62
318,937.50
751,781.25
410,062.50
592,312.50
364,500.00
136,687.50
865,984.37
68,367.19

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
8/5/2020
3/1/2021
4/1/2021
6/2/2021
9/1/2021
8/3/2021
8/7/2020
3/4/2021
4/5/2021
6/7/2021
9/7/2021
8/5/2021

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
11/2/2021 11/4/2021
US TREASURY NOTES 12/2/2021 12/6/2021
DTD 12/31/2020 0.375% 12/31/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
7/1/2021
1/4/2022
7/7/2021
US TREASURY N/B NOTES 1/6/2022
DTD 04/30/2021 0.750% 04/30/2026

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
2/10/2022 2/14/2022

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
900,000.00
200,000.00
900,000.00
6/2/2022
9/1/2022
6/6/2022
9/6/2022
835,003.82
182,059.34
832,301.22
811,687.50
180,375.00
811,687.50

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
US TREASURY N/B NOTES 8/8/2022 8/15/2022
DTD 07/31/2021 0.625% 07/31/2026
29 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
U.S. Treasury

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4
91282CCP4
91282CCP4
912828U24
912828U24
912828U24
912828U24
91282CEN7
91282CFB2
750,000.00
250,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
8/1/2022
5/3/2022
7/5/2022
8/4/2022
5/5/2022
7/8/2022
690,468.75 2.74
226,250.00 3.03
732,343.75 2.84
1,954,066.41 3.92
907,092.77 3.96
228,144.53 4.39
8,922,578.13 3.72
1,155,421.88 3.70
746,531.25 4.44
28,410,332.04 3.40
776.93 700,274.86
231,328.33
676,406.25
US TREASURY N/B NOTES 225,468.75
DTD 07/31/2021 0.625% 07/31/2026
258.98
US TREASURY N/B NOTES 828.73
DTD 07/31/2021 0.625% 07/31/2026
800,000.00 744,516.40 721,500.00

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
2,100,000.00
975,000.00
12/5/2022 12/7/2022
1/4/2023 1/6/2023
15,895.03
7,379.83
1,892.27
71,906.07
13,856.35
3,646.41
136,143.38
1,965,728.93
911,189.37
1,974,656.25
US TREASURY NOTES 916,804.69
DTD 11/15/2016 2.000% 11/15/2026

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
250,000.00 11/1/2022 11/4/2022
1/13/2023 1/17/2023
1/31/2023 2/3/2023
230,341.95 235,078.12

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
9,500,000.00
1,200,000.00
800,000.00
8,953,142.66
1,157,064.38
747,395.79
8,932,968.75
1,156,500.00
770,375.04

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
3/2/2023 3/6/2023
Security Type Sub-Total 29,950,000.00 28,577,474.43 28,122,808.34 Supranational

INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
459058JV6
459058JM6
4581X0DZ8
245,000.00
500,000.00
635,000.00
1,380,000.00
AAA
AAA
AAA
Aaa 4/13/2021 4/20/2021 244,492.85 0.23
498,925.00 0.32
634,530.10 0.52
1,377,947.95 0.40
136.96
440.97

70.56 244,986.80
499,767.33
634,768.05
1,379,522.18
244,412.25
485,567.00
600,476.32
1,330,455.57

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
Aaa 11/17/2020 11/24/2020
INTER-AMERICAN DEVEL BK NOTES Aaa 9/15/2021 9/23/2021
DTD 09/23/2021 0.500% 09/23/2024
Security Type Sub-Total 648.49
30 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Negotiable CD
TORONTO DOMINION BANK NY CERT 89115B6K1
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
450,000.00
450,000.00
900,000.00
A A1 10/27/2022 10/31/2022
11/2/2022 11/3/2022
450,000.00 5.58
450,000.00 5.53
900,000.00 5.56
10,640.00
10,230.50
20,870.50
450,000.00
450,000.00
900,000.00
449,739.00
453,139.65
902,878.65
NORDEA BANK ABP NEW YORK CERT 65558UYF3
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
AA- Aa3
Security Type Sub-Total
Municipal

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00
100,000.00
325,000.00
AAAANRAa3
Aa1
NR
5/29/2020 6/11/2020
11/6/2019 12/5/2019
12/16/2020 12/23/2020
60,000.00 2.00
100,000.00 2.10
325,000.00 0.87
299.70
350.17
125.67
60,000.00
100,000.00
325,000.00
58,020.60
96,740.00
302,646.50
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5
DTD 12/05/2019 2.101% 08/01/2024

NY ST URBAN DEV CORP TXBL REV
BONDS
650036DT0
DTD 12/23/2020 0.870% 03/15/2025

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7
341271AD6
85,000.00
85,000.00
AA
AA
Aa2
Aa3
7/10/2020 7/16/2020
9/3/2020 9/16/2020
85,000.00 0.88
85,563.55 1.12
283.54
267.32
85,000.00
85,264.86
79,092.50
FL ST BOARD OF ADMIN TXBL REV 79,186.00
BONDS
DTD 09/16/2020 1.258% 07/01/2025

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6
341271AD6
54438CYK2
160,000.00
65,000.00
140,000.00
AA
AA
Aa3
Aa3
9/3/2020 9/16/2020
9/3/2020 9/16/2020
160,000.00 1.26
65,459.55 1.11
140,000.00 0.77
503.20
204.42
180.37
160,000.00
65,215.98
140,000.00
149,056.00
60,554.00
128,746.80

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025

LOS ANGELES CCD, CA TXBL GO
BONDS
DTD 11/10/2020 0.773% 08/01/2025
AA+ Aaa 10/30/2020 11/10/2020
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 Aa2 10/16/2020 10/29/2020 DTD 10/29/2020 0.852% 08/01/2025
130,000.00
100,000.00
NR 130,000.00 0.85
100,000.00 0.63
184.60
105.00
130,000.00
100,000.00
119,988.70
MN ST TXBL GO BONDS 60412AVJ9 AAA Aaa 8/11/2020 8/25/2020 91,890.00 DTD 08/25/2020 0.630% 08/01/2025
31 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Municipal

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7
13063D3N6
85,000.00
200,000.00
AAAAAa2
Aa2
7/9/2021 7/29/2021
3/9/2023 3/15/2023
85,000.00 0.86
200,000.00 4.85
1,536,023.10 1.60
305.29 85,000.00
200,000.00
77,776.70
CA ST MUNICIPAL BONDS 205,352.00
DTD 03/15/2023 4.846% 03/01/2027
430.76
Security Type Sub-Total 1,535,000.00 3,240.04 1,535,480.84 1,449,049.80 Joint Powers Authority
CAMP Pool 15,909.15 AAAm NR 15,909.15 0.00 15,909.15 15,909.15 Security Type Sub-Total 15,909.15 15,909.15 0.00 15,909.15 15,909.15 Federal Agency

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5
3137EAEW5
3137EAEY1
3137EAEZ8
3135G06H1
3137EAFA2
3130AJHU6
3135G03U5
3137EAEU9
3135G05X7
225,000.00
525,000.00
325,000.00
350,000.00
325,000.00
300,000.00
350,000.00
350,000.00
425,000.00
350,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
9/2/2020
9/2/2020
9/4/2020
9/4/2020
225,041.09 0.24
524,826.75 0.26
323,787.75 0.25
349,685.00 0.28
324,629.50 0.29
299,703.00 0.28
348,264.00 0.60
349,279.00 0.67
422,883.50 0.48
348,362.00 0.47

35.94 83.85
225,005.98
524,974.78
324,780.80
349,937.06
324,918.94
299,933.01
349,291.89
349,702.75
424,022.98
349,212.43
220,536.23
514,584.52
316,844.13
340,590.60
315,434.60
290,929.50
325,178.70
325,835.30
390,681.25
320,782.70

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
Aaa 10/14/2020 10/16/2020
Aaa 11/3/2020 11/5/2020
186.20
352.43
279.86
243.75
811.81
966.15
309.90
131.25

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
Aaa 11/23/2020 11/25/2020

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
Aaa
Aaa
Aaa
Aaa
Aaa
12/2/2020 12/4/2020
4/15/2020 4/16/2020
4/22/2020 4/24/2020
7/21/2020 7/23/2020
8/25/2020 8/27/2020

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
32 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Federal Agency

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2
3137EAEX3
3135G06G3
150,000.00
700,000.00
650,000.00
5,025,000.00
AA+
AA+
AA+
Aaa
Aaa
Aaa
9/10/2020 9/11/2020
9/23/2020 9/25/2020
11/9/2020 11/12/2020
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57
5,011,577.59 0.42

42.19 149,780.57
698,953.43
648,784.75
5,019,299.37
137,386.50
640,225.60
594,000.55
4,733,010.18

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025

58.33 1,300.00
4,801.66

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate

PNC BANK NA CORP NOTES
(CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7
808513BN4
06406RAS6
400,000.00
105,000.00
210,000.00
AAAA3
A2
A1
2/12/2019 2/15/2019
3/16/2021 3/18/2021
4/19/2021 4/26/2021
402,848.00 3.34
104,947.50 0.77
209,775.30 0.54
2,644.44

28.44 400,427.52
104,983.14
209,919.84
392,482.80
99,888.71
199,771.32

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

BANK OF NY MELLON CORP NOTES
(CALLABLE)
452.08
DTD 04/26/2021 0.500% 04/26/2024

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6
02665WCZ2
400,000.00
400,000.00
AAA1
A3
7/19/2019 7/23/2019
7/11/2019 7/15/2019
422,916.00 2.59
398,016.00 2.51
6,544.44
2,506.67
405,183.07
399,503.18
395,051.60
AMERICAN HONDA FINANCE CORP 388,121.20
NOTE
DTD 06/27/2019 2.400% 06/27/2024

GOLDMAN SACHS GROUP INC
(CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23
05565EBU8
254687FK7
24422EVU0
400,000.00
70,000.00
400,000.00
100,000.00
BBB+
A
A2
A2
A2
A2
7/8/2019 7/11/2019
8/9/2021 8/12/2021
418,632.00 2.84
69,993.70 0.75
398,368.00 1.84
99,935.00 0.65
3,550.56

71.46 404,010.23
69,997.13
399,536.40
99,968.69
393,069.60
66,240.58
384,575.60
94,694.50

BMW US CAPITAL LLC CORPORATE
NOTES
DTD 08/12/2021 0.750% 08/12/2024

WALT DISNEY COMPANY/THE
(CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
BBB+
A
9/3/2019 9/6/2019 602.78
JOHN DEERE CAPITAL CORP 36.46

CORPORATE NOTES
9/7/2021 9/10/2021
DTD 09/10/2021 0.625% 09/10/2024
33 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

PACCAR FINANCIAL CORP

CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66
025816CQ0
771196BT8
437076CM2
175,000.00
80,000.00
410,000.00
25,000.00
A+
BBB+
AA
A1
A2
10/22/2020 10/29/2020 182,894.25 0.73
79,919.20 2.29
410,000.00 2.13
24,956.25 2.76
481.25 178,423.71
79,948.17
410,000.00
24,970.74
166,429.73
75,933.12
391,755.41
24,187.50

AMERICAN EXPRESS CO CORP

NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
3/1/2022 3/4/2022 135.00
509.90
311.25

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
Aa2
A2
3/3/2022 3/10/2022
HOME DEPOT INC (CALLABLE) 3/24/2022 3/28/2022

CORPORATE NOTE
A
DTD 03/28/2022 2.700% 04/15/2025

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7
90327QD89
225,000.00
225,000.00
BBB+
AA
A3 8/28/2020 9/1/2020
5/23/2022 5/26/2022
249,738.75 0.88
224,264.25 3.49
3,176.25
3,164.06
236,022.50
224,477.21
217,125.90
USAA CAPITAL CORP CORPORATE 217,997.10
NOTES
Aa1
DTD 05/26/2022 3.375% 05/01/2025
CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5
369550BG2
65,000.00
225,000.00
315,000.00
475,000.00
250,000.00
50,000.00
AAA3
A3
4/26/2022 5/3/2022
10/16/2020 10/20/2020
5/24/2021 6/1/2021
64,985.70 3.46
252,247.50 0.80
315,000.00 0.82
474,767.25 0.81
250,000.00 3.50
49,986.50 3.46
934.38
2,975.00
865.20
64,990.05
237,106.23
315,000.00
474,898.68
250,000.00
49,990.44
63,522.68
220,095.45
298,597.95
440,467.03
242,419.00
48,522.25

GENERAL DYNAMICS CORP
(CALLABLE) CORP NO
DTD 05/11/2018 3.500% 05/15/2025
JPMORGAN CHASE & CO (CALLABLE) 46647PCH7

CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025
A- A1

AMAZON INC CORP NOTES
(CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8
63254ABD9
63743HFE7
AA
AAAA1 6/3/2020 6/5/2020 1,245.562,722.22
507.92

NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025
Aa3
A2
5/31/2022 6/9/2022
NATIONAL RURAL UTIL COOP 4/27/2022 5/4/2022

CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025
34 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9
06051GFS3
002824BM1
225,000.00
225,000.00
225,000.00
AAA3
A2
A1
7/20/2022 7/27/2022
8/18/2020 8/20/2020
9/24/2020 9/28/2020
225,000.00 4.00
256,918.50 0.93
257,845.50 0.86
1,600.00
1,453.13
387.50
225,000.00
240,067.23
240,382.61
222,448.73
220,001.40
222,825.15

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
ABBOTT LABORATORIES AACORPORATE NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8
46647PCV6
91324PEC2
05565EBW4
14913R2U0
87612EBM7
06406RBA4
594918BY9
025816CS6
225,000.00
175,000.00
225,000.00
175,000.00
225,000.00
40,000.00
AAA2
A1
A3
A2
A2
A2
A1
Aaa
A2
12/1/2021 12/6/2021
2/16/2022 2/24/2022
5/17/2021 5/19/2021
8/12/2021 8/16/2021
1/11/2022 1/13/2022
1/19/2022 1/24/2022
1/26/2022 1/28/2022
3/14/2023 3/17/2023
1/13/2023 1/18/2023
225,000.00 1.53
175,000.00 2.60
224,608.50 1.19
174,947.50 1.26
223,863.75 1.81
39,932.00 1.99
473,945.50 2.10
721,942.50 4.36
277,203.00 4.59
1,099.69
466.74
977.50
297.74
881.88
164.67
1,758.16
3,781.25
573.75
225,000.00
175,000.00
224,755.04
174,964.59
224,140.17
39,948.17
210,806.55
166,674.73
204,341.18
156,920.58
205,272.23
36,981.84

JPMORGAN CHASE & CO CORP

NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
A+

BMW US CAPITAL LLC (CALLABLE) A

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

CATERPILLAR FINL SERVICE

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027
A

TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
A

BANK OF NY MELLON CORP
(CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027
475,000.00
750,000.00
300,000.00
A 474,192.94
722,238.47
278,308.03
426,122.98
735,940.50
277,332.30

MICROSOFT CORP CORP NOTES
(CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
AAA
AMERICAN EXPRESS CO CORP BBB+

NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
35 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
475,000.00
300,000.00
500,000.00
AA
AAa2A2
3/15/2022 3/17/2022
2/17/2023 2/22/2023
1/13/2023 1/18/2023
466,089.00 2.70
284,925.00 4.66
488,325.00 4.50
485.56 467,945.46
285,307.15
488,856.67
448,794.25
276,603.90
489,807.00

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4
63254ABE7
4,950.00
NATIONAL AUSTRALIA BK/NY 6,074.44

CORPORATE NOTES
AA- Aa3
DTD 06/09/2022 3.905% 06/09/2027

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3
89236TKQ7
775,000.00
375,000.00
AA+
A+
Aaa
A1
1/19/2023 1/23/2023
2/8/2023 2/10/2023
741,062.75 3.94
376,282.50 4.55
1,186.18
3,805.99
742,425.85
376,246.82
739,968.45
TOYOTA MOTOR CREDIT CORP 379,041.00

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028

NATIONAL RURAL UTIL COOP CORP

NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6
110122DE5
350,000.00
375,000.00
A- A1
A2
2/17/2023 2/22/2023
3/9/2023 3/13/2023
329,189.00 4.76
358,263.75 4.93
1,785.00
1,665.63
66,860.13
329,625.67
358,439.92
332,439.10
BRISTOL-MYERS SQUIBB CO CORP 367,566.75

NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028
A+
Security Type Sub-Total
Agency CMBS
11,420,000.00 11,424,534.90 2.80 11,332,201.72 10,940,837.65 FHMS K043 A2 3137BGK24 250,000.00 AA+ Aaa 3/19/2020 3/25/2020 262,382.81 1.95 637.92 254,412.10 243,603.55 DTD 03/01/2015 3.062% 12/01/2024
Security Type Sub-Total 250,000.00 262,382.81 1.95 637.92 254,412.10 243,603.55 36 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
ABS
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0
380144AD7
44933LAC7
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
14318MAD1
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
85,000.00
35,000.00
57,128.64
273,072.88
278,383.99
100,000.00
89,088.86
80,000.00
195,000.00
85,000.00
210,000.00
140,000.00
275,000.00
245,000.00
245,000.00
170,000.00
NR Aaa
NR
NR
Aaa
NR
2/17/2021 2/24/2021
5/18/2021 5/26/2021
4/20/2021 4/28/2021
6/15/2021 6/23/2021
6/8/2021 6/14/2021
84,987.17 0.33
34,997.05 0.41
57,122.63 0.38
273,068.26 0.33
278,354.01 0.26
99,978.92 0.89
89,069.66 0.52
79,982.14 0.75
194,958.25 0.58
84,997.83 0.68
209,995.04 3.97
139,971.03 4.46
274,954.93 4.82
244,999.88 4.63
244,961.56 4.95
169,982.88 5.05

8.57 84,993.92
34,998.42
57,125.27
273,070.16
278,366.17
99,985.76
89,077.39
79,987.59
194,970.93
84,998.47
209,995.77
139,974.20
274,959.29
244,999.88
244,964.73
169,983.24
84,252.35
34,177.29
55,424.05
262,799.39
268,579.06
95,414.99
86,011.81
76,374.26
183,240.37
80,596.32
205,584.83
138,969.18
275,665.50
244,676.21
247,525.53
171,302.59
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
AAA
AAA
AAA
AAA
NR

4.38 HART 2021-A A3 9.65
DTD 04/28/2021 0.380% 09/15/2025
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025

40.05 32.17

24.44 20.59

26.31 50.27

24.08 370.53
277.51
552.29
504.16
539.00
381.56
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
Aaa 11/16/2021 11/24/2021
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
AAA
AAA
AAA
AAA
AAA
AAA
AAA
AAA
AAA
NR
NR
NR
4/13/2021 4/21/2021
11/9/2021 11/17/2021
9/20/2021 9/27/2021
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
Aaa
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
Aaa 10/13/2021 10/21/2021
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
NR
Aaa
NR
NR
NR
Aaa
7/12/2022 7/20/2022
9/20/2022 9/28/2022
10/4/2022 10/12/2022
1/24/2023 1/30/2023
10/27/2022 11/3/2022
2/13/2023 2/23/2023
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
37 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
ABS
FORDO 2023-A A3 344928AD8 130,000.00 AAA NR 3/28/2023 3/31/2023 129,986.44 4.65 16.79 129,986.45 130,238.44 DTD 03/31/2023 4.650% 02/15/2028
Security Type Sub-Total 2,692,674.37 2,692,367.68 2.71 2,882.35 2,692,437.64 2,640,832.17 Managed Account Sub Total
Securities Sub Total
Accrued Interest
53,152,674.37
$53,168,583.52
51,615,166.07 2.86 236,084.47 51,690,828.28
$51,706,737.43
50,363,475.91
$50,379,385.06
$236,084.47
$51,631,075.22 2.86% $236,084.47
Total Investments $50,615,469.53
38 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.

It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.

The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 39 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated market value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.

Money market fund/cash balances are included in performance and duration computations.

Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.

Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.

MBS maturities are represented by expected average life. 40 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

Agencies: Federal agency securities and/or Government-sponsored enterprises.

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

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.

Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.

Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance.

Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.

Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not.

FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.

Interest Rate: Interest per year divided by principal amount and expressed as a percentage.

Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.

Par Value: The nominal dollar face amount of a security.

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
41 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2023
CITY OF LAKE ELSINORE Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.

Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members.

Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.

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

U.S. Treasury: The department of the U.S. government that issues Treasury securities.

Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

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

YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 42 © PFM Asset Management LLC | pfmam.com

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Ralph Mesa Jr., Emergency Services Manager Date: May 23, 2023
Subject: Approve the Application and Authorize Acceptance of the Emergency Management Performance Grant (EMPG-22) and the State Homeland Security Grant Program (SHSGP-23) from the California Office of Emergency Services (CAL-OES) for the Fiscal Year 2023-2024
Recommendation

1. Approve Application and Authorize acceptance of the Emergency Management Performance Grant (EMPG-22) and the State Homeland Security Grant Program (SHSGP-23); and

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

CALIFORNIA, AUTHORIZING DESIGNATED CITY EMPLOYEES TO TAKE ACTION

NECESSARY FOR OBTAINING FINANCIAL ASSISTANCE FROM THE FEDERAL

GOVERNMENT, DEPARTMENT OF HOMELAND SECURITY SUB-GRANTED THROUGH

THE STATE OF CALIFORNIA, FOR THE EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG-22), AND THE STATE HOMELAND SECURITY GRANT PROGRAM (SHSGP-23) FOR FISCAL YEARS 2023-2024.

Background
An invitation to apply for the FY2022/2023 Emergency Management Performance Grant (EMPG22) and the FY2022/2023 State Homeland Security Grant Program (SHSGP-23) was accepted on behalf of the City by the Emergency Services Division; the award amount is $18,005 for the EMPG grant and is a dollar-for-dollar match. The award amount for the SHSGP-23 grant is $10,292 and is 100% full reimbursement of the amount awarded. Upon receipt of the award letter notification for each grant from Cal-OES, the City will then be required to commence the purchasing process for the grant.

Emergency Services Grant Application

Page 2 of 2 ends

Discussion
The Emergency Services Division will use these funds to sustain the Emergency Services capabilities and enhance community resilience to better prepare residents in our community with training programs such as CERT (Community Emergency Response Team). These grants will offset Emergency Services training materials, supplies, and equipment costs.

Fiscal Impact
Sufficient funds have been budgeted in the Emergency Services Fiscal Year 2023-2024 Adopted Budget, with revenue offsetting all proposed expenditures.

Attachments
Attachment 1-Resolution
Attachment 2-Emergency Management Performance Grant Application Attachment 3-State Homeland Security Grant Program Application Attachment 4-Designation of Applicant’s Agent Resolution RESOLUTION NO. 2023-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, AUTHORIZING DESIGNATED CITY EMPLOYEES TO TAKE ACTION

NECESSARY FOR OBTAINING FINANCIAL ASSISTANCE FROM THE UNITED STATES (U.S.) DEPARTMENT OF HOMELAND SECURITY GRANT PROGRAM (EMPG-22 & SHSGP-23) FOR FISCAL YEAR 2022-2024
Whereas, City of Lake Elsinore (City) has filed an application for FY 2022-2024 EMPG-22 & SHSGP-23; and
Whereas, the key focus and requirement of the EMPG-22 & SHSGP-23 grant is to prevent, respond to, and recover from acts of terrorism, and to prepare for the threats and hazards that pose the greatest risk to the security of the City; and Whereas, upon acceptance and award of the EMPG-22 & SHSGP-23 grant, the Public Works Department will obtain quotes for training supplies & training equipment that will enhance and support the Emergency Services capabilities to address emergent threats and enhance community resilience with training.

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

Section 1. The following named City employees are authorized to execute for and on behalf of the City of Lake Elsinore, a public municipal corporation duly established under the laws of the State of California, any actions necessary for the purpose of obtaining financial assistance provided by the U.S. Department of Homeland Security: City Manager or Assistant City Manager.

Section 2. This Resolution shall take effect immediately upon its adoption.

Section 3. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 23rd day of May 2023.

Natasha Johnson
Mayor
Attest:

Candice Alvarez, MMC
City Clerk
Reso No. 2023 - ___

Page 2 of 2 ends

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 Resolution No. ______ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of _________, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA
GOVERNOR’S OFFICE OF EMERGENCY SERVICES Cal OES ID No: ______________________ Cal OES 130

DESIGNATION OF APPLICANT'S AGENT RESOLUTION

FOR NON-STATE AGENCIES

BE IT RESOLVED BY THE OF THE
(Governing Body) (Name of Applicant)

THAT , OR
, OR
(Title of Authorized Agent)
(Title of Authorized Agent)
is hereby authorized to execute for and on behalf of the , a public entity (Name of Applicant)
established under the laws of the State of California, this application and to file it with the California Governor’s Office of Emergency Services for the purpose of obtaining certain federal financial assistance under Public Law 93-288 as amended by the Robert T. Stafford Disaster Relief and Emergency Assistance Act of 1988, and/or state financial assistance under the California Disaster Assistance Act.

THAT the ________________________________________________, a public entity established under the laws of the State of California, (Name of Applicant)
hereby authorizes its agent(s) to provide to the Governor’s Office of Emergency Services for all matters pertaining to such state disaster assistance the assurances and agreements required.

Please check the appropriate box below:

This is a universal resolution and is effective for all open and future disasters up to three (3) years following the date of approval below.

This is a disaster specific resolution and is effective for only disaster number(s) ________________________ Passed and approved this day of , 20
(Name and Title of Governing Body Representative)

CERTIFICATION
I, , duly appointed and of
(Name) (Title)
, do hereby certify that the above is a true and correct copy of a (Name of Applicant)
Resolution passed and approved by the of the
(Governing Body) (Name of Applicant)
on the day of , 20 .
(Signature) (Title)
Cal OES 130 (Rev.9/13) Page 1
City Council City of Lake Elsinore
City Manager
(Title of Authorized Agent)
Assistant City Manager
Emergency Services Manager
City of Lake Elsinore
City of Lake Elsinore
X
23rd May 23
Jason Simpson
(Name and Title of Governing Body Representative)
Shannon Buckley
(Name and Title of Governing Body Representative)
Ralph Mesa Jr.

STATE OF CALIFORNIA
GOVERNOR’S OFFICE OF EMERGENCY SERVICES
Cal OES 130 - Instructions
Cal OES Form 130 Instructions
A Designation of Applicant’s Agent Resolution for Non-State Agencies is required of all Applicants to be eligible to receive funding. A new resolution must be submitted if a previously submitted Resolution is older than three (3) years from the last date of approval, is invalid or has not been submitted.

When completing the Cal OES Form 130, Applicants should fill in the blanks on page 1. The blanks are to be filled in as follows:

Resolution Section:

Governing Body: This is the group responsible for appointing and approving the Authorized Agents.

Examples include: Board of Directors, City Council, Board of Supervisors, Board of Education, etc.

Name of Applicant: The public entity established under the laws of the State of California. Examples include: School District, Office of Education, City, County or Non-profit agency that has applied for the grant, such as: City of San Diego, Sacramento County, Burbank Unified School District, Napa County Office of Education, University Southern California.

Authorized Agent: These are the individuals that are authorized by the Governing Body to engage with the Federal Emergency Management Agency and the Governor’s Office of Emergency Services regarding grants applied for by the Applicant. There are two ways of completing this section:

1. Titles Only: If the Governing Body so chooses, the titles of the Authorized Agents would be entered here, not their names. This allows the document to remain valid (for 3 years) if an Authorized Agent leaves the position and is replaced by another individual in the same title. If “Titles Only” is the chosen method, this document must be accompanied by a cover letter naming the Authorized Agents by name and title. This cover letter can be completed by any authorized person within the agency and does not require the Governing Body’s signature.

2. Names and Titles: If the Governing Body so chooses, the names and titles of the Authorized Agents would be listed. A new Cal OES Form 130 will be required if any of the Authorized Agents are replaced, leave the position listed on the document or their title changes.

Governing Body Representative: These are the names and titles of the approving Board Members.

Examples include: Chairman of the Board, Director, Superintendent, etc. The names and titles cannot be one of the designated Authorized Agents, and a minimum of two or more approving board members need to be listed.

Certification Section:

Name and Title: This is the individual that was in attendance and recorded the Resolution creation and approval.

Examples include: City Clerk, Secretary to the Board of Directors, County Clerk, etc. This person cannot be one of the designated Authorized Agents or Approving Board Member (if a person holds two positions such as City Manager and Secretary to the Board and the City Manager is to be listed as an Authorized Agent, then the same person holding the Secretary position would sign the document as Secretary to the Board (not City Manager) to eliminate “Self Certification.”
Cal OES 130 (Rev.9/13) Page 2

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: May 23, 2023
Subject: Citywide Landscaping and Street Lighting District and the Landscaping and Street Lighting District No. 1 for the Fiscal Year 2023-24 Ordering the Preparation and Approval of Engineers' Reports and Resolutions of Intention Recommendation

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ORDERING THE PREPARATION OF AN ENGINEER'S REPORT FOR THE CITYWIDE LANDSCAPING AND STREET LIGHTING DISTRICT (CITYWIDE LLMD);

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE ENGINEER'S REPORT FOR THE CITYWIDE LLMD;

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DECLARING COUNCIL'S INTENTION TO PROVIDE FOR AN ANNUAL LEVY

AND COLLECTION OF ASSESSMENTS IN THE CITYWIDE LLMD AND SETTING A PUBLIC HEARING FOR JULY 11, 2023;

4. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ORDERING THE PREPARATION OF AN ENGINEER'S REPORT FOR THE LANDSCAPING & STREET LIGHTING MAINTENANCE DISTRICT NO. 1 (LLMD NO.1);

5. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE ENGINEER'S REPORT FOR THE LLMD NO.1; and

6. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DECLARING COUNCIL'S INTENTION TO PROVIDE FOR AN ANNUAL LEVY AND COLLECTION OF ASSESSMENTS IN THE LLMD NO. 1 AND SETTING A PUBLIC HEARING FOR JULY 11, 2023.

Citywide LLMD and LLMD No. 1

Page 2 of 3 ends

Background
The City Council established a Citywide LLMD in 1988 to operate and maintain enhanced public street lighting, right-of-way landscaping, public street trees, and parks throughout the City. The Citywide LLMD was established under the California Landscaping and Lighting Act 1972. Several improvement areas were established within the Citywide LLMD based on the level and type of improvements maintained. These improvements then provided a basis for creating several benefit zones throughout the Citywide LLMD to ensure parcels were assessed based on special benefits to them.

The Citywide LLMD only includes those facilities found to be exempt by Proposition 218, a Constitutional Amendment passed by the voters in November 1996. Park facilities are not exempt per the Constitutional Amendment. Therefore, since November 1996, park maintenance has been removed from the Citywide LLMD and provided through the General Fund. The assessment rate for the Citywide LLMD was set in 1996 and cannot be increased without voter approval.

In addition to the Citywide LLMD, the City Council established LLMD No. 1 in 2003 to operate and maintain enhanced public street lighting, right of way landscaping, public street trees, and parks of a specialized benefit area. These improvements are typically installed as a condition of approval for the subdivisions assessed, and each benefit zone within LLMD No. 1 has been created to fund these specialized improvements. There are currently 25 benefit zones that have been created. Each benefit zone represents a new development area since 2003.

The Landscaping and Lighting Act of 1972 requires that an annual review and updated Engineer's Report be prepared to set assessment rates each fiscal year. In addition, any new assessment districts or any annexation of additional property into existing assessment districts also requires an Engineer's Report to be generated. The Fiscal Year 2023-24 assessments in the Citywide LLMD and the LLMD No. 1 Preliminary Engineer's Report will be assessed on the Fiscal Year 2023-24 tax roll and are calculated by considering all anticipated expenditures for maintenance, utilities, and administration. Any excess dollars from previous fiscal years are carried over to current reports, and the assessment amounts are adjusted accordingly.

The assessment rates may or may not change from fiscal year to fiscal year, dependent upon maintenance to be performed, but cannot exceed the maximum amount set when the districts were initially formed, plus an annual cost of living adjustment (the Citywide LLMD has no cost of living adjustment). The amounts assessed for the Fiscal Year 2023-24 tax year are either at or below the maximum assessment authorization. As part of the process, the Landscaping and Lighting Act of 1972 requires an Engineer's Report to be filed and a Public Hearing to be held.

Discussion
Attached hereto are two Resolutions ordering the preparation of the Engineer's Report for both districts for Fiscal Year 2023-24, two Resolutions accepting the Engineer's Report for both districts for Fiscal Year 2023-24, and two Resolutions declaring the City's intent to provide for an Annual Levy and Collection of Assessments in both Districts, setting a public hearing for July 11, 2023.

Citywide LLMD and LLMD No. 1

Page 3 of 3 ends

Fiscal Impact
The Citywide LLMD will generate approximately $1,445,200 from the assessments to cover the anticipated landscaping and street lighting maintenance activities associated with public improvements benefiting properties within the district. The estimated cost for this maintenance is approximately $2,174,187. Accordingly, the General Fund must cover the estimated gap of $728,987. The assessment rates for parcels have no inflation factor included; therefore, the rates have not increased over Fiscal Year 2022-23.

It is anticipated LLMD No.1 will generate approximately $791,059 from the assessments to cover the anticipated landscaping and street lighting maintenance activities associated with public improvements benefiting properties within the district. There are approximately $791,822 in expenditures. LLMD No. 1 is generally self-supporting, with one exception. Zone 4 of LLMD No. 1 requires a general fund contribution of $14,255 to cover the general benefit portion of the park maintenance costs, as required by Article XIII D of the State Constitution (Proposition 218). The assessment rates for LLMD No. 1 include an inflationary increase of 2%.

Attachments
Attachment 1 - Resolution Ordering Preparation of Engineer's Report Citywide Attachment 2 - Resolution Approving Engineer's Report Citywide Attachment 3 - Resolution of Intent Setting Public Hearing for July 11, 2023, Citywide Attachment 4 - Preliminary Engineer's Reports for Citywide Attachment 5 - Resolution Ordering Preparation of Engineer's Report LLMD1 Attachment 6 - Resolution Approving Engineer's Report LLMD1 Attachment 7 - Resolution of Intent Setting Public Hearing for July 11, 2023 LLMD1 Attachment 8 - Preliminary Engineer's Report for LLMD No. 1 RESOLUTION NO. 2023-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ORDERING THE PREPARATION OF AN ENGINEER’S REPORT

FOR THE CITYWIDE LANDSCAPING AND STREET LIGHTING DISTRICT (CITYWIDE LLMD)
Whereas, the City Council of the City of Lake Elsinore, California, has previously formed a landscaping and street lighting district pursuant to the terms and provisions of the "Landscaping and Lighting Act of 1972", being Division 15, Part 2 of the Streets and Highways Code of the State of California, in that is known and designated as City of Lake Elsinore Citywide Landscaping and Street Lighting District (herein after referred to as the "District"); and, Whereas, the District was established to provide public landscaping, street tree, street lighting and traffic signal improvements and maintenance and other similar appurtenances; and, Whereas, the Landscaping and Lighting Act of 1972 provides for the annual preparation of an Engineer's Report (the "Report") and confirmation and levy of assessments upon the parcels within the District for the estimated expenditures to provide the services; and, Whereas, the Landscaping and Lighting Act of 1972 requires the Report to consist of the following:

Plans and specifications; Estimate of cost; Diagram of the District; and Assessment of the estimated cost.

NOW, THEREFORE, the City Council of the City of Lake Elsinore, California, does hereby resolve, determine and order as follows:

Section 1. That the above recitals are all true and correct.

Section 2. That the assessment engineering firm of SCG – Spicer Consulting Group, LLC is hereby ordered to prepare and file with the City Clerk the Report relating to said annual assessment and levy in accordance with the Landscaping and Lighting Act of 1972.

Section 3. That the proposed maintenance work within the area proposed to be assessed shall be for certain public landscaping and lighting improvements, as said maintenance work is set forth in the Report to be presented to this City Council for consideration.

Section 4. That the City Clerk shall certify to the passage and adoption of this Resolution.

Reso. No. 2023-

Page 2 of 2 ends

PASSED AND ADOPTED at a meeting of the City Council of the City of Lake Elsinore, California, on the 23rd day of May 2023.

Natasha Johnson, 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, hereby certify that Resolution No. 2023- __was adopted by the City Council of the City of Lake Elsinore, California, at a regular meeting held on the 23rd day of May 2023, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk
RESOLUTION NO. 2023-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, APPROVING THE ENGINEER'S REPORT FOR

THE CITYWIDE LLMD
Whereas, the City Council of the City of Lake Elsinore, California, pursuant to the provisions of Division 15, Part 2 of the Streets and Highways Code of the State of California, did, by previous Resolution, order the preparation of an Engineer's Report for the annual levy of assessments, consisting of plans and specifications, an estimate of the cost, a diagram of the district, and an assessment relating to what is now known and designated as City of Lake Elsinore Citywide Landscaping And Street Lighting District (herein after referred to as the "District"); and,
Whereas, there has now been presented to this City Council the Engineer’s Report (the “Report”) as required by said Division 15 of the Streets and Highways Code and as previously directed by Resolution; and,
Whereas, this City Council has now carefully examined and reviewed the Report as presented and is satisfied with each and all of the items and documents set forth therein and is satisfied that the assessments on a preliminary basis, have been spread in accordance with the benefits received from the maintenance to be performed as set forth in said Report.

NOW, THEREFORE, the City Council of the City of Lake Elsinore, California, does hereby resolve, determine and order as follows:

Section 1. That the above recitals are all true and correct.

Section 2. That the Report as presented, consisting of the following: Plans and specifications; Estimate of cost; Diagram of the District; and Assessment of the estimated cost is hereby approved on a preliminary basis, and is ordered to be filed in the Office of the City Clerk as a permanent record and to remain open to public inspection.

Section 3. That the City Clerk shall certify to the passage and adoption of this Resolution, and the minutes of this meeting shall so reflect the presentation of the Engineer's Report.

Reso. No. 2023-

Page 2 of 2 ends

PASSED AND ADOPTED at a meeting of the City Council of the City of Lake Elsinore, California, on the 23rd day of May 2023.

Natasha Johnson, 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, hereby certify that Resolution No. 2023- __ was adopted by the City Council of the City of Lake Elsinore, California, at a regular meeting held on the 23rd day of May 2023, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk
RESOLUTION NO. 2023-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, DECLARING COUNCIL’S INTENTION TO PROVIDE FOR AN

ANNUAL LEVY AND COLLECTION OF ASSESSMENTS IN THE CITYWIDE LLMD AND SETTING A PUBLIC HEARING FOR JULY 11, 2023
Whereas, the City Council of the City of Lake Elsinore, California, has previously formed a landscaping and street lighting district pursuant to the terms and provisions of the "Landscaping and Lighting Act of 1972", being Division 15, Part 2 of the Streets and Highways Code of the State of California, in that is known and designated as City of Lake Elsinore Citywide Landscaping and Street Lighting District (herein after referred to as the "District"); and, Whereas, at this time, this City Council desires to take proceedings to provide for the annual levy of assessments for the next ensuing fiscal year, to provide for the costs and expenses necessary for continual maintenance of those improvements exempt pursuant to California Constitution Article XIIID within said District; and,
Whereas, at this time there has been presented and approved by this City Council, the Engineer's Report (the “Report”) as required by law, and this City Council desires to move forward with the proceedings for said annual levy.

NOW, THEREFORE, the City Council of the City of Lake Elsinore, California, does hereby resolve, determine and order as follows:

Section 1. That the above recitals are all true and correct.

Section 2. That the public interest and convenience requires, and it is the intention of this City Council, to undertake proceedings for the annual levy and collection of special assessments for the continual maintenance of certain improvements, all to serve and benefit said District as said area is shown and delineated on a map previously approved by this City Council and on file in the Office of the City Clerk, open to public inspection, and therein so referenced and made a part hereof, and proposed changes thereto are set forth in the Report of the Engineer, incorporated herein as a part hereof.

Section 3. That the Report of the Engineer regarding the annual levy for said District, which Report is for maintenance for the Fiscal Year 2023-24 is hereby approved and is directed to be filed in the Office of the City Clerk.

Section 4. That the public interest and convenience requires, and it is the intention of this City Council, to order the annual assessment levy for the District as set forth and described in said Engineer's Report and further it is determined to be in the best public interest and convenience to levy and collect annual assessments to pay the costs and expenses of said maintenance and improvements as estimated in said Report.

Section 5. The assessments levied and collected shall be for the maintenance of certain street lighting and landscaping improvements, as set forth in the Engineer's Report, referenced and so incorporated herein.

Reso. No. 2023-

Page 2 of 4 ends

Section 6. The County Auditor shall enter on the County Assessment Roll the amount of the assessments, and shall collect said assessments at the time and in the same manner as County taxes are collected. After collection by the County, the net amount of the assessments, after the deduction of any compensation due to the County for collection, shall be paid to the Treasurer for purposes of paying for the costs and expenses of said District.

Section 7. That all monies collected shall be deposited in a special fund known as "SPECIAL

FUND, CITY OF LAKE ELSINORE CITYWIDE LANDSCAPING AND STREET LIGHTING DISTRICT". Payment shall be made out of said fund only for the purposes provided for in this Resolution, and in order to expedite the making of this maintenance and improvements, the City Council may transfer into said funds as it may deem necessary to expedite the proceedings. Any funds shall be repaid out of the proceeds of the assessments provided for in this Resolution.

Section 8. Said contemplated maintenance work has been determined previously, in the opinion of this City Council, to be exempt from the provisions of California Constitution Article XIIID, and further of direct benefit to the properties within the boundaries of the District, and this City Council hereby declares to be the district benefited by said improvements and maintenance, and to be further assessed to pay the costs and expenses thereof. Said District shall include each and every parcel of land within the boundaries of said District, as said District is shown on a map as approved by this City Council and on file in the Office of the City Clerk and so designated by the name of the District.

Section 9. Any lots or parcels of land known as public property, as the same are defined in Section 22663 of Division 15, Part 2 of the Streets and Highways Code of the State of California, which are included within the boundaries of the District, shall be omitted and exempt from any assessment to be made under these proceedings to cover any of the costs and expenses of said improvements and maintenance work.

Section 10. NOTICE IS HEREBY GIVEN THAT TUESDAY, THE 11TH DAY OF JULY 2023, AT THE HOUR OF 7:00 O'CLOCK P.M. IN THE CITY COUNCIL CHAMBERS LOCATED AT THE CULTURAL CENTER, 183 N. MAIN STREET, LAKE ELSINORE, IS THE TIME AND PLACE

FIXED BY THIS CITY COUNCIL FOR THE HEARING OF PROTESTS OR OBJECTIONS IN

REFERENCE TO THE ANNUAL LEVY OF ASSESSMENTS, TO THE EXTENT OF THE

MAINTENANCE, AND ANY OTHER MATTERS CONTAINED IN THIS RESOLUTION BY THOSE PROPERTY OWNERS AFFECTED HEREBY. ANY PERSONS WHO WISH TO

OBJECT TO THE PROCEEDINGS FOR THE ANNUAL LEVY SHOULD FILE A WRITTEN

PROTEST WITH THE CITY CLERK PRIOR TO THE TIME SET AND SCHEDULED FOR SAID PUBLIC HEARING.

Section 11. That the City Clerk is hereby authorized and directed to publish, pursuant to Government Code Section 6061, the Resolution of Intention as notice of the Public Hearing in the Riverside Press-Enterprise, a newspaper of general circulation within said City, said publication to be not less than ten (10) days before the date set for said Public Hearing.

Reso No. 2023-

Page 3 of 4 ends

Section 12. That the City Clerk is further directed to cause a copy of the Resolution of Intention and said notice to be posted upon the official bulletin board customarily used for the posting of notices.

Section 13. That this Resolution shall take effect immediately upon its adoption.

Section 14. For any and all information relating to the proceedings, protest procedure, any documentation and/or information of a procedural or technical nature, your attention is directed to the below listed person at the local agency or department so designated: Director of Administrative Services, City of Lake Elsinore, 130 South Main Street, Lake Elsinore, CA 92530 Reso No. 2023-

Page 4 of 4 ends

PASSED AND ADOPTED at a meeting of the City Council of the City of Lake Elsinore, California, on the 23rd day of May 2023.

Natasha Johnson, 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, hereby certify that Resolution No. 2023- __was adopted by the City Council of the City of Lake Elsinore, California, at a regular meeting held on the 23rd day of May 2023 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

C I T Y O F L A K E E L S I N O R E
Citywide Landscaping and Street Lighting District
FISCAL YEAR 2023-24

PRELIMINARY ENGINEER'S REPORT
Table of Contents
Sections
i. Introduction i

1. Plans and Specifications 1

2. Cost Estimates 3

3. Method of Apportionment of Assessment

4. Proposed Assessments

5. District Diagrams
6 15
17 Tables
Table 2-1 Street Lighting Costs 3
Table 2-2 Landscaping Costs 4
Table 2-3 Tree Maintenance Costs 4
Table 2-4 Total Citywide Expenses
Table 3-1 Summary of Land Use Classifications
Table 3-2 Benefit Zones
5 9
11 12
12 13
14 15
15 Table 3-3 EDUs by Benefit Zone
Table 3-4 Summary of Assessment Rates by Benefit Zone
Table 3-5 Summary of Assessment by Benefit Zone
Table 3-6 Summary of Total Assessment by Improvement Area Table 4-1 Summary of Assessments
Table 4-2 Summary of Assessments by Zone
Appendices
Appendix A – District Diagrams
Appendix B – Assessment Roll
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24
i. Introduction Page | i
AGENCY:

PROJECT:

TO:

CITY OF LAKE ELSINORE

LANDSCAPING AND LIGHTING MAINTENANCE DISTRICT CITYWIDE

CITY COUNCIL

CITY OF LAKE ELSINORE

STATE OF CALIFORNIA
REPORT PURSUANT TO "LANDSCAPING AND LIGHTING ACT OF 1972" Pursuant to direction from the City Council (the “City Council”) of the City of Lake Elsinore (the “City”), State of California, submitted herewith is the Engineer’s Report for Citywide Landscaping and Street Lighting District (the “Report”), consisting of the following parts, pursuant to the provisions of Division 15, Part 2 of the Streets and Highways Code of the State of California, being the ʺLandscaping and Lighting Act of 1972ʺ, as amended, commencing with Section 22500, and which is in accordance with Resolution No. 2023-____ adopted by the City of Lake Elsinore City Council, Riverside County, California ordering preparation of the Report for Citywide Landscaping and Street Lighting District (the “Assessment District” or the “District”). This Report is applicable for the ensuing 12-month period, being the Fiscal Year commencing July 1, 2023, to June 30, 2024.

Section 1 PLANS AND SPECIFICATIONS describes the improvements within the District. Plans and specifications for the improvements showing and describing the general nature, location, and extent of the improvements are incorporated herein by reference and are on file in the office of the Public Works Department.

Section 2
Section 3
COST ESTIMATES of the proposed improvements, including incidental costs and expenses in connection therewith.

A METHOD OF APPOTIONMENT OF ASSESSMENT contains the method of apportionment of assessments, indicating the proposed assessment of the total amount of the costs and expenses of the improvements upon the several lots and parcels of land within the District, in proportion to the estimated benefits to be received by such lots and parcels.

Section 4
Section 5
The PROPOSED ASSESSMENTS contain a list of Riverside County Assessor Parcel Numbers, and the net amount to be assessed upon the benefited lands within the District for Fiscal Year 2023-24. The Assessment Roll is filed in the office of the City of Lake Elsinore City Clerk and is incorporated in this Engineer’s Report by reference.

DISTRICT DIAGRAMS incorporate by reference diagrams of the District showing the exterior boundaries of the District, the boundaries of any zones within the District, and the lines and dimensions of each lot or parcel of land within the District.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24
i. Introduction Page | ii
Background
The City Council of the City of Lake Elsinore approved the formation of the Citywide Landscaping and Street Lighting District with the adoption of Resolution No. 88-27 on June 28, 1988. The District was formed pursuant to the requirements of the Landscaping and Lighting Act of 1972 (the “Act”).

The District was formed to provide a source of funds for the installation, servicing, maintenance, repair, and operation of street lighting (including traffic signals), landscaping, street trees, and appurtenant facilities within the District. The boundaries of the District are simultaneous with the boundaries of the City. The Report sets forth the methodology to be used in apportioning the assessment to the different land use types and benefit zones within the City based upon the benefit they receive.

There are several different types of maintenance improvements throughout the City. Each of the improvement types is broken into Improvement Areas and then the costs for those Improvement Areas have been apportioned to the benefiting parcels. When the District was formed in 1988, several Benefit Zones were established to ensure a source of funds for the ongoing maintenance of street lighting improvements (including traffic signals), public landscaping, and public street trees which are of benefit to all parcels within the City.

Included are street lighting (including traffic signals), landscaping, and street trees along major thoroughfares, a portion of the secondary arterials as defined in the Circulation Element of the City's General Plan, and the maintenance of landscaping on other City owned properties. In addition, some Benefit Zones provide a source of funding for the maintenance of improvements that are of local benefit.

Currently there are twenty-one (21) special benefit zones, lettered A through U (see Appendix A – District Diagrams).

Parcels within these special Benefit Zones are assessed for the maintenance of local improvements including, but not limited to, street lighting, landscaping, and site-specific tree maintenance. These improvements provide a special benefit to those parcels due to their nature and location. In addition, in proportion to their share of the cost for the maintenance of these local improvements, those parcels within a special Benefit Zone are also assessed for the improvements designated as a citywide benefit.

Proposition 218, the "Right to Vote on Taxes Act" (“Proposition 218”), was approved on the November 1996 Statewide ballot and added Article XIII D to the California Constitution. In response to Proposition 218, and as now provided by California Constitution Article XIII D Section 5(a) (“Article XIII D”), the District only finances the capital costs, maintenance, and operation expenses for street lighting (including traffic signals), public landscaping, and street tree maintenance. All other public maintenance (such as parks) that is not exempt from Proposition 218 has been removed from the District. The City has determined that by removing the non-exempt costs, the remaining improvements may continue to be paid for through the Assessment District without being subjected to the procedures and requirements of Proposition 218.

Based on the proceedings in Fiscal Year 1997-98 and the provisions of Proposition 218, the District is exempt from the requirements of Proposition 218, unless there is an increase in the assessment rates.

Current Annual Administration
As required by the Act, the Report includes: (1) a description of the improvements to be operated, maintained, and serviced by the District, (2) an estimated budget for the District, and (3) a listing of the proposed Fiscal Year 2023-24 assessments to be levied upon each assessable lot or parcel within the District.

The City of Lake Elsinore will hold a Public Hearing on July 11, 2023, regarding the District which will provide an opportunity for any interested person to be heard. At the conclusion of the Public Hearing, the City Council may adopt a resolution confirming the assessment rates as originally proposed or as modified.

Payment of these annual assessments for each parcel will be made in the same manner and at the same time as payments are made for their annual property taxes. All funds collected through the assessments must be placed in a special fund and can only be used for the purposes stated within this Report.

The facilities which have been constructed within the District, and those which may be subsequently constructed, will be operated, maintained, and serviced generally described as follows:
“The improvements consist of the installation, construction, operation, and/or maintenance of street lighting, landscaping, and street trees including but not limited to personnel, electrical energy, utilities such as water, materials, contracting services, and other items necessary for the satisfactory operation of these services.” Reference is made to the plans and specifications for the improvements, which are on file with the office of the City Clerk.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

1. Plans and Specifications Page | 1
Street Lighting Facilities
The street lighting system includes, but is not limited to, poles, fixtures, bulbs, conduits, guys, anchors, posts, pedestals, metering devices, and any other appurtenant improvements needed to provide street lighting within the District.

Maintenance means the furnishing of services and materials for the ordinary and usual operations and maintenance and servicing of street lighting and appurtenant facilities including repair, removal, or replacement of all or part of any street lighting, or appurtenant facilities. Servicing means the maintenance of any street lighting facilities or appurtenant facilities including personnel costs and the furnishing of electric current or energy, gas, or other illuminating agent for the street lighting, or appurtenant facilities.

Street lighting improvements include, but are not limited to, the current payments to Southern California Edison Company (SCE) for electrical energy and installation and the maintenance and servicing of street lights. Currently the City of Lake Elsinore is responsible for approximately 3,300 total public street lights. Of those street lights, approximately 2,422 are maintained by the District (185 are Cityowned lights and 2,237 are SCE-owned lights). In addition, the District maintains 17 traffic signals.

The City of Lake Elsinore street lighting system is broken down into the Major Streets (including traffic signals) and six (6) separate local lighting Improvement Areas as follows and as shown on Figure 1 in Appendix A:

1. 2.

3. 4.

5. 6.

Westside Lighting
Eastside Lighting
Midtown Lighting
Area C
Westside areas with street lights
Eastside areas with street lights
Midtown and Southside areas with street lights
Street lights serving Tract 19402 Units 1 & 2
Street lights serving Tract 18719 Units 1 – 5
Street lights are spaced over 300 feet apart
Area D
No major lighting
Landscaping Facilities
Landscaping improvements include, but are not limited to, irrigation, cultivation, installation and replacement of plant material, tree trimming and other necessary supplies, personnel, utility and equipment costs, contract services where applicable, and care and maintenance of street trees and approximately 34 acres of streetscapes within the public right-of-way.

The City of Lake Elsinore landscaping facilities include three (3) types of improvement areas which are described below and are shown in Figures 2-3 in Appendix A:

1. 2.

3. Major Streets
Site-Specific Landscaping Areas
Tree Maintenance Areas
Major Streets
The Major Streets improvement area includes landscaping on three types of streets: Arterial, Major, and Secondary. The first two sets of streets are defined as Arterial (110' wide) and Major Streets (100' wide) per the City of Lake Elsinore General Plan 1992; they are:

Highway 74, Lakeshore Drive, Main Street, Riverside Drive, Robb Road, Grand Avenue, Mission Trail, Railroad Canyon Road, Diamond Drive, Corydon Street, Summerhill Drive from Railroad Canyon Road to Riverside Street, Tuscany Hills Parkways, and Grape Street.

The third set of streets are defined as Secondary (88’ wide) per the City of Lake Elsinore General Plan 1992; they are: Machado Street from Grand Avenue to Lakeshore Drive, Dexter Avenue, Sixth Avenue from Casino Drive to Lakeshore Drive, Terra Cotta Road from Lakeshore Drive to Nichols Road, Lincoln Street from Lakeshore Drive to Nichols Road, Lincoln Street from Grand Avenue to Riverside Drive, Lincoln Street from Machado Street to Shore Cliff Drive, Chaney Street from Lakeshore Drive to Dexter Avenue, Graham Avenue from Lakeshore Drive to Main Street, and Pottery Street from Main Street to Franklin Avenue.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

1. Plans and Specifications Page | 2
Site Specific Landscaping Areas
The Site Specific Landscaping Areas include nine (9) areas with specific local benefits due to landscaping. They are as follows:









Area A
Area B
Area C
Area D
Area E
Area F
Area G
Area H
Area I
Landscaping along Machado Street at the Grand Avenue intersection Landscaping along Madison and Garfield Streets
Landscaping in Tract 19402
Landscaping along Terra Cotta Road
Landscaping in Tract 19344 (Serenity)
Landscaping and slope maintenance adjacent to Summerhill Drive, excluding the road right-of-way Landscaping along east side of Machado Street, between Lincoln Street and Lakeshore Drive Landscaping along Orange Grove Way
Landscaping along Lincoln Street
Tree Maintenance Areas
The Tree Maintenance Areas include five (5) areas with specific local benefits due to street trees. They are as follows:
 Area 1 Trees surrounding Interstate 15 and Lakeshore Drive in the south area of the city from Rancho Street to approximately Lakeview Drive


Area 2
Area 3
Trees in the midtown area generally between Chaney Street and Rancho Street Trees in the area generally located between Chaney Street and approximately Stoddard Street, and approximately Strickland Avenue to Lakeshore Drive


Area 4
Area 5
Trees in the area on the southwest side of Interstate 15 from approximately Riverside Drive to approximately Poe Street
Trees in the west area of the city generally located between Terra Cotta Street and Riverside Drive, and Lakeshore Drive and the City limits
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

2. Cost Estimates Page | 3
The Act requires that a special fund be set up for the collection of revenues and expenditures within the District. It also provides that the total cost of construction, operation, and maintenance and servicing of the public street lighting and landscaping facilities, etc. can be recovered by the District. Incidental expenses including administration of the District, engineering fees, legal fees, and all other costs associated with the construction, operation, and maintenance and servicing of the District can also be included.

Revenues collected from the assessments shall be used only for the expenditures represented above. A contribution to the District by the City of Lake Elsinore may be made to reduce assessments, as the City Council deems appropriate. Any balance remaining on July 1 at the end of the Fiscal Year must be carried over to the next Fiscal Year.

The estimated costs of the District for Fiscal Year 2023-24 are as follows.

Street Lighting Budget
The total estimated costs for the Major Street Lighting and for each of the local lighting improvement areas are shown below in Table 2-1.

Table 2-1
Street Lighting Costs
FY 2022-23 through
June 30, 2023
FY 2023-24 through
Description June 30, 2024
Major Street Lighting & Traffic Signalization
Light Expense $109,578 $111,769
Traffic Signals
Administrative Costs
Capital Improvements
$177,069
$113,828
$0
$180,610
$116,105
$0
Debt Service Replacement1
Major Street Light & Traffic Expenses
$221,246
$621,721
$221,246
$629,730
Site Specific Street Lighting
Westside Area
Eastside Area
Midtown Area
Zone C Area
$100,597
$14,598
$78,229
$5,534
$102,609
$14,890
$79,793
$5,645
Zone D Area
Site Specific Street Light Expenses
Total Street Light & Traffic Expenses
$19,510
$218,468
$840,188
$19,900
$222,837
$852,567
Adjustments
City Collection / Contribution
Total Assessment
($485,315)
$354,873
($496,020)
$356,547
1 The City purchased streetlight poles from SCE and the estimated costs for debt service contribution and acquisitions costs is reflected in the debt service payment for that zone.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

2. Cost Estimates Page | 4
Landscaping Budget
The total estimated costs for the Major Street Landscaping and for each of the local landscaping improvement areas are shown below in Tables 2-2 and 2-3.

Table 2-2
Landscaping Costs
FY 2022-23 through
June 30, 2023
FY 2023-24 through
Description June 30, 2024
Major Street Landscaping
Major Street & Administration Costs
Capital Improvements
$814,578 $830,870
$0 $0
Major Street Landscaping Expenses $814,578 $830,870
Site Specific Landscaping
Area A
Area B
$3,105
$6,406
$3,167
$6,534
Area C $3,473 $3,543
Area D $5,214 $5,318
Area E $4,263 $4,348
Area F
Area G
$329,513
$3,799
$336,103
$3,875
Area H
Area I
$12,740
$0
$12,995
$0
Site Specific Landscaping Expenses
Total Landscaping Expenses
$368,512
$1,183,090
$375,882
$1,206,752
Adjustments
City Collection / Contribution
Total Assessment
($193,927)
$989,162
($212,626)
$994,126
Table 2-3
Tree Maintenance Costs
FY 2022-23 through
June 30, 2023
FY 2023-24 through
Description June 30, 2024
Tree Maintenance
Area 1
Area 2
Area 3
Area 4
$14,993
$58,251
$27,786
$8,292
$15,292
$59,416
$28,342
$8,458
Area 5 $3,295 $3,361
Total Tree Maintenance Expenses $112,616 $114,869
Adjustments
City Collection / Contribution
Total Assessment
($18,547)
$94,070
($20,341)
$94,527
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

2. Cost Estimates Page | 5
Table 2-4
Total Citywide Expenses
FY 2022-23 through
June 30, 2023
FY 2023-24 through
Description June 30, 2024
Total Street Light & Traffic Expenses
Total Landscaping Expenses
Total Tree Maintenance Expenses
FY Total LMD Cost Estimate
$840,188
$1,183,090
$112,616
$852,567
$1,206,752
$114,869
$2,135,894 $2,174,187
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 6
General
Part 2 of Division 15 of the Streets and Highways Code, the Landscaping and Lighting Act of 1972, permits the establishment of assessment districts by Agencies for the purpose of providing certain public improvements which include the installation, construction, operation, maintenance and servicing of street lights, traffic signals and landscaping.

Section 22573 of the 1972 Act requires that maintenance assessments be levied according to benefit rather than according to assessed value. This section states:
“The net amount to be assessed upon lands within an assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.” The Act also permits the designation of zones of benefit within any individual assessment district if "by reason of variations in the nature, location, and extent of the improvements, the various areas will receive different degrees of benefit from the improvements" (Sec. 22574). Thus, the Act requires the levy of a true "assessment" based on the actual benefit rather than a "special tax." In addition, Proposition 218 requires that a parcel's assessment may not exceed the reasonable cost of the proportional special benefit conferred on that parcel. Article XIII D provides that only special benefits are assessable and the City must separate the general benefits from the special benefits.

Article XIII D also provides that publicly owned properties must be assessed unless there is clear and convincing evidence that those properties receive no special benefit from the assessment. Exempted from the assessment would be the areas of public streets, public avenues, public lanes, public roads, public drives, public courts, public alleys, all public easements and rights of way, public parks, greenbelts and parkways, public school property, other public property, mineral rights, and designated open space.

Street Lighting and Traffic Signal Benefit Determination The primary benefits of street lighting are for the convenience, safety, and protection of property, property improvements, and goods.

The intensity and degree of illumination provided can have a bearing on both.

The benefits to property owners include:

1. 2.

3. Reduction in night accidents and attendant human misery and decrease in personal property loss.

Less vulnerability to criminal assault at night.

Promotion of business during night time hours.

Security and Property protection benefits include:

1. 2.

3. Increased evening driving safety.

Reduction in vandalism and other criminal acts and damage to improvements.

Reduction in burglaries.

When properly located and operated, traffic signals are an invaluable tool for the safe and efficient movement of property owners and their vehicles throughout the City. Proper operation, maintenance, and servicing of a traffic signal system benefits properties by providing efficient ingress and egress and safe traveling at night.

It has been determined that all properties within the City benefit from lighting and signalization on Major Streets (see Plans and Specifications for a description of the improvements). The Major Streets are used by vehicles emanating from all parcels throughout the City. Therefore, a proportional share of the Citywide street lighting and traffic signalization costs are distributed to all parcels in the City on an equitable basis.

In addition, the levels of service relative to local lighting benefits are broken down into six (6) separate local lighting improvement areas as follows (see Plans and Specification for descriptions):



Westside Lighting
Eastside Lighting
Midtown Lighting
Westside areas with street lights
Eastside areas with street lights
Midtown and south side areas with street lights
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 7



Area C Street lights serving Tract 19402 Units 1 & 2
Area D Street lights serving Tract 18719 Units 1 - 5
No lighting Street lights are spaced over 300 feet apart. In areas where there is no lighting, there is no local benefit assessment levied.

Street light costs in these six (6) local lighting Improvement Areas are spread equitably to the parcels within each area.

Landscaping and Street Tree Benefit Determination
If well maintained, trees, landscaping, and hardscaping provide beautification, shade, and the enhancement of the desirability of the surroundings. These improvements provide special and direct benefits to each property located within the District. Maintaining the street trees and street medians protects the street from erosion and trimming tree limbs keeps them from falling into or blocking the roadway.

The City has landscaping improvements along the Arterial and Major Streets that include medians and right of way frontage. The costs of landscaping on the Major Streets are distributed to all parcels in the City on an equitable basis. See Plans and Specification in this Report for a description of the improvements.

Costs associated with landscaping on Secondary Streets are spread both Citywide and to the parcels that receive local benefits. Those costs are split evenly; one half goes to the Citywide District and the other half to the Site-Specific Landscape Area.

In addition to the Major Street landscaping area, there are Site-Specific Landscaping Areas which include nine (9) areas with specific local benefits due to landscaping. They are:









Area A
Area B
Area C
Area D
Area E
Area F
Area G
Area H
Area I
Landscaping along Machado Street at the Grand Avenue intersection Landscaping along Madison & Garfield Streets
Landscaping in Tract 19402
Landscaping along Terra Cotta Road
Landscaping in Tract 19344 (Serenity)
Landscaping and slope maintenance adjacent to Summerhill Drive, excluding the road right-of-way Landscaping along east side of Machado Street, between Lincoln Street and Lakeshore Drive Landscaping along Orange Grove Way
Landscaping along Lincoln Street
The street landscaping costs in these nine (9) areas are spread to all parcels in the neighborhoods with local benefits.

The City also has Tree Maintenance Areas that includes five (5) specific areas with specific local benefits due to street trees. They are as follows:
 Area 1 Trees surrounding Interstate 15 and Lakeshore Drive in the south area of the city from Rancho Street to approximately Lakeview Drive


Area 2
Area 3
Trees in the midtown area generally between Chaney Street and Rancho Street Trees in the area generally located between Chaney Street and approximately Stoddard Street, and approximately Strickland Avenue to Lakeshore Drive


Area 4
Area 5
Trees in the area on the southwest side of Interstate 15 from approximately Riverside Drive to approximately Poe Street
Trees in the west area of the city generally located between Terra Cotta Street and Riverside Drive, and Lakeshore Drive and the City limits
The costs for the maintenance of trees in designated areas are spread to the parcels that receive local benefit.

The costs of the Assessment District's incidental expenses are spread as a Citywide direct benefit assessment.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 8
Assessment Methodology
The total operation, maintenance, and servicing cost for the street lighting and landscaping facilities are apportioned in accordance with the methodology that is consistent with standard assessment engineering practices.

Since the assessment is levied on the owners of properties as shown on the tax rolls, the final charges must be assigned by Assessor's Parcel Number. If assessments were to be distributed by parcel, not considering land use, this would not be equitable because a singlefamily parcel would be paying the same as a 50-unit apartment parcel or a large commercial establishment.

Therefore, the total assessment costs are distributed to each parcel of land based on the number of Equivalent Dwelling Units (EDUs) associated with each parcel.

Developed Single Family Residential – The developed single-family parcel has been selected as the basic unit for calculation of the benefit assessments. This basic unit is the EDU. Parcels designated as developed single family residential use per the Riverside County land use code are assessed one (1.00) EDU.

Multiple Family Residential – Multi-family residential parcels, including mobile homes, are adjusted in accordance with a multiple residential factor, which is determined by statistical proportion of relative trip generation from various types of residential uses in combination with population density per unit. Studies have found that in multiple residential areas, the primary beneficiaries of street lighting are the tenants rather than the property owners because of increased safety and security. It was concluded that it is proper to "pass through" such an assessment to renters. Therefore, although benefit assessments are normally property related, it is deemed valid to equate a portion of the assessment methodology to the population density of the dwelling units. Based on data from representative cities in Southern California, the multiple residential factor is 80 percent (0.80 EDU per unit). For example, a 100 unit mobile home parcel would be assessed 80 times the amount a single family residential parcel would be, rather than 100 times.

Condominiums/Apartments – Condominium and apartment parcels are adjusted in accordance with the multiple residential factor of 80 percent (0.80 EDU per unit per parcel) because of the high population density of the dwelling units.

Developed Commercial/Industrial – Developed commercial and industrial parcels are assessed on the basis of the area of the parcel.

One EDU has been equated to 7,260 square feet of land based on the minimum lot size for single family parcels. There are 43,560 sq. ft. in an acre; therefore, commercial and industrial parcels are assessed 6.00 EDUs per acre (43,560 ÷ 7,260). Commercial and industrial parcels shall not be assessed less than a single family parcel, therefore each parcel will be assessed a minimum of 1.00 EDU.

Non-Profit – Nonprofit parcels such as churches, private schools, private hospitals, YMCA, etc. receive similar benefits compared to commercial parcels and are assessed at 6.00 EDUs per acre and will be assessed a minimum of 1.00 EDUs.

Vacant – Vacant parcels include all vacant single family, multi-family, commercial, industrial, and agricultural lands. Assessments are adjusted by a factor of 20 percent. Up to and including the first acre of vacant land is deemed equivalent to a single family residential lot and is therefore assessed at 20% of a single family parcel or 0.20 EDUs (1.00 EDU * 20%). Each additional acre of vacant land is treated as land that can be subdivided or used for commercial or industrial uses and is assigned EDUs at the rate of 1.20 EDUs per acre (6.00 EDUs per acre * 20%).

Utility – Public utility owned parcels such as office buildings, plants, and yards receive similar benefits compared to commercial parcels and are assessed at 6.00 EDUs per acre and will be assessed a minimum of 1.00 EDU.

In summary, Equivalent Dwelling Units have been determined to be as follows:

Single Family Residential
Multiple Residential, Mobile Homes,
Condominiums
1 DU = 1.00 EDU
1 1
DU
acre
=
=

0.80 EDU
Commercial / Industrial 6.00 EDU
(minimum of 1.00 EDU per parcel)
Vacant 1
st acre = 0.20 EDU
(minimum of .20 EDU per parcel) 1.20 EDU each additional acre Therefore, the assessment amount is distributed by the number of dwelling units on a parcel for residential parcels, and by the size of the parcel for non-residential parcels.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 9
The table below shows the Summary of EDU’s by land use classification for the entire District.

Table 3-1
Summary of Land Use Classifications
Land Use Classification
Single Family Residential
Multiple Residential / Mobile Homes
Apartments / Condominiums
Commercial / Industrial
Vacant Parcels
Parcels
16,612
Acres EDUs
9,481 16,613
230
94 364
1,011
784
9,167
27,938
977
2,287
5,379
11,954
37,210
859
10,555
Total 21,219
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 10
Benefit Zones
A system of zones, encompassing both street lighting and street landscaping levels of service, has been developed. These zones, combined with an assigned land use based on the County-assigned use code for each parcel, have been used as the methodology for spreading the assessments to each parcel within the City.

The following page shows the Benefit Zones for the entire District.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 11
Table 3-2
Benefit Zones
Zone Description of Improvements
A
B
C
D
E
F
Major Street lighting and Major Street landscaping.

Major Street lighting, Major Street landscaping, Site-Specific lighting (Midtown), and tree maintenance (Area 1).

Major Street lighting, Major Street landscaping, and tree maintenance (Area 1).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Midtown), and tree maintenance (Area 2).

Major Street lighting, Major Street landscaping, and tree maintenance (Area 3).

Major Street lighting, Major Street landscaping, and tree maintenance (Area 4).

G
H
I
Major Street lighting, Major Street landscaping, and Site-Specific lighting (Westside).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), and tree maintenance (Area 5).

Major Street lighting, Major Street landscaping, and tree maintenance (Area 5).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), Site-Specific landscaping (Area A), and tree maintenance (Area 5). J
Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), Site-Specific landscaping (Area B), and tree maintenance (Area 5). K
L
Major Street lighting, Major Street landscaping, Site-Specific landscaping (Area C), Site-Specific lighting (Area C), and tree maintenance (Area 5).

M
N
O
P
Q
R
S
T
Major Street lighting, Major Street landscaping, Site-Specific lighting (Area D), and Site-Specific landscaping (Area D).

Major Street lighting, Major Street landscaping, and Site-Specific landscaping (Area E).

Major Street lighting, Major Street landscaping, and Site-Specific landscaping (Area F).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), Site-Specific landscaping (Area G), and tree maintenance (Area 5).

Major Street lighting, Major Street landscaping, Site-Specific landscaping (Area G), and tree maintenance (Area 5).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Area D), and Site-Specific landscaping (Area H).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), and tree maintenance (Area 3).

Major Street lighting, Major Street landscaping, Site-Specific lighting (Eastside), and Site-Specific landscaping (Area F).

U Major Street lighting, Major Street landscaping, Site-Specific lighting (Westside), and Site-Specific landscaping (Area I).

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 12
The table below summarizes the EDUs by Benefit Zone.

Table 3-3
EDUs by Benefit Zone
Zone
A
B
C
D
E
F
G
EDUs Zone
H
I
J
K
L
EDUs Zone
O
P
Q
R
S
T
U
EDUs
23,878.36
217.80
1,813.48
1,896.42
1,367.76
672.72
1,762.17
921.76

63.00 234.94
126.00
246.53

89.00 1,202.91

42.00 43.20
341.00
125.06
220.09
218.00
37,210.46
M
1,728.27 N
Total EDU’s
Assessment Rates
Tables 3-4, 3-5, and 3-6 summarize the rates per improvement (street lighting, landscaping, tree maintenance) broken down by each improvement area; and then summarized by each benefit zone for determining the assessment rate to be levied per EDU based upon the proposed budget for Fiscal Year 2023-24. See Appendix B (Assessment Roll) for the preliminary assessments per parcel.

Table 3-4
Summary of Assessment Rates by Benefit Zone
Street Lighting Areas Landscaping Areas Tree Maintenance Areas Area Rate
$6.42
Total
Asmt $
Zone per EDU
A
B
C
D
E
Area
Midtown
Midtown
Rate Major Streets Area Rate Major Streets
$6.17 $18.74
$6.17
$6.17
$6.17
$6.17
$6.17
$6.17
$6.17
$6.17
$24.91
$52.87
$31.33
$72.18
$40.14
$35.39
$39.69
$40.60
$25.82
$80.28
$62.55
$73.45
$61.17
$63.47
$211.42
$76.49
$61.71
$74.22
$54.92
$249.83
$24.91
$21.54
$21.54
$18.74 Area 1
$18.74 Area 1
$18.74 Area 2
$18.74 Area 3
$18.74 Area 4
$18.74
$6.42
$25.73
$15.23
F $10.48
G
H
I
Westside
Westside
$14.78
$14.78 $18.74 Area 5
$18.74 Area 5
$18.74 Area 5
$18.74 Area 5
$18.74 Area 5
$18.74
$0.91
$0.91
$0.91
$0.91
$0.91
J
K
L
Westside
Westside
Area C
$14.78
$14.78
$25.44
$19.23
$6.17 Area A
$6.17 Area B
$6.17 Area C
$6.17 Area D
$6.17 Area E
$6.17 Area F
$6.17 Area G
$6.17 Area G
$6.17 Area H
$6.17
$39.68
$21.95
$22.19
$17.03
$38.56
$186.51
$35.89
$35.89
$30.08
M
N
O
P
Area D
$18.74
$18.74
Westside $14.78 $18.74 Area 5
$18.74 Area 5
$18.74
$0.91
Q $0.91
R
S
Area D
Westside
Eastside
$19.23
$14.78
$38.41
$18.74 Area 3
$18.74
$15.23
T $6.17 Area F
$6.17 Area I
$186.51
U $0.00 $18.74
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 13
Table 3-5
Summary of Assessment by Benefit Zone
Tree Maintenance
Areas Street Lighting Areas
Major Streets
Landscaping Areas
Major Streets
Total
Levy by
Zone Zone
A
B
C
D
E
Area
Midtown
Midtown
Levy Levy Area Levy Levy Area Levy
$1,398
$147,329
$1,344
$11,189
$11,701
$8,439
$4,151
$10,663
$10,873
$5,687
$447,480 $594,810
$11,515
$56,816
$136,884
$54,902
$23,807
$68,595
$71,544
$23,800
$5,058
$14,695
$9,255
$15,080
$5,649
$254,320
$3,213
$2,666
$4,691
$40,849
$4,082 Area 1
$33,985 Area 1
$35,539 Area 2
$25,632 Area 3
$12,607 Area 4
$32,388
$11,643
$48,795
$20,831
F $7,050
G
H
I
Westside
Westside
$25,544
$26,045 $33,023 Area 5
$17,274 Area 5
$1,181 Area 5
$4,403 Area 5
$2,361 Area 5
$4,620
$1,604
$839
$57
$214
$115
J
K
L
Westside
Westside
Area C
$931
$3,472
$3,205
$4,741
$389 Area A
$1,450 Area B
$777 Area C
$1,521 Area D
$549 Area E
$7,422 Area F
$259 Area G
$267 Area G
$2,104 Area H
$772
$2,500
$5,157
$2,796
M
N
O
P
Area D $4,198
$3,432 $1,668
$224,355
$1,507
$22,543
Westside $621 $787 Area 5
$810 Area 5
$6,390
$38
Q $39
R
S
$1,550
Area D $10,257
Westside
Eastside
$6,557
$1,848
$8,454
$25,309
$6,868
$54,985
$5,430
$2,344 Area 3
$4,124
$1,905
T $1,358 Area F
$1,345 Area I
$41,049
U $0 $4,085
Total $1,445,200
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

3. Method of Apportionment of Assessment Page | 14
Table 3-6
Summary of Total Assessment by Improvement Area
Street Lighting
Levy
$147,329
Landscaping
Levy
Tree Maintenance
Levy
Total
Zone Levy
A
B
C
D
E
F
G
H
I
J
K
L
M
N
EDUs Parcels
23,878.36 12,916
217.80
1,813.48
1,896.42
1,367.76
672.72
1,728.27
1,762.17
921.76

63.00 $447,480 $0 $594,810
$11,515
$56,816
$136,884
$54,902
$23,807
$68,595
$71,544
$23,800
$5,058
309
1,765
1,759
4,564
144
1,794
1,353
600
63 231
126
220
$6,035
$11,189
$52,550
$8,439
$4,151
$36,207
$36,917
$5,687
$1,320
$4,922
$3,983
$6,262
$549
$4,082
$33,985
$35,539
$25,632
$12,607
$32,388
$33,023
$17,274
$3,680
$9,560
$5,157
$8,818
$5,100
$1,398
$11,643
$48,795
$20,831
$7,050
$0
$1,604
$839
$57
234.94
126.00
246.53

89.00 $214
$115
$0
$14,695
$9,255
$15,080
89 $0 $5,649
O
P
1,202.91

42.00 836
42 $7,422
$880
$246,898
$2,294
$0
$38
$254,320
$3,213
Q
R
S
T
U

43.20 54
341
294
220
$267 $2,360
$16,648
$2,344
$45,173
$4,085
$994,126
$39
$0
$1,905
$0
$0
$94,527
$2,666
$25,309
$6,868
$54,985
$5,430
341.00
125.06
220.09
218.00
37,210.46
$8,661
$2,620
$9,812
$1,345
$356,547
218
Total 27,938 $1,445,200
Administration
It is recognized that using the information from the Riverside County Assessor’s secured property tax roll as of July 1 each year as the primary source for the assessment formula may lead to circumstances and errors that do not fit the intent of this program when dealing with specific parcels.

Where such circumstances are discovered, either by the persons administrating this program or by the owners of the properties affected, such circumstances shall be reported to the Director of Administrative Services, who may make such final corrections or adjustments as are consistent with the concept, intent and parameters of the programs set forth herein.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

4. Proposed Assessments Page | 15
Whereas, the City Council of the City of Lake Elsinore, County of Riverside, State of California, did, pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Division 15 of the Streets and Highways Code of the State of California, adopted its Resolution Initiating Proceedings for the Annual Levy of Assessments and Ordering the Preparation of an Engineer’s Report for the Citywide Landscaping and Street Lighting District;
Whereas, the Resolution of Initiation directed Spicer Consulting Group, LLC. to prepare and file a report presenting plans and specifications describing the general nature, location, and extent of the improvements to be maintained, an estimate of the costs of the proposed improvements, including incidental costs and expenses for the referenced Fiscal Year, a diagram of the District boundaries of any zones within the District and the lines and dimensions of each lot or parcel of land within the District, and an assessment of the estimated costs;
Now Therefore, the following assessment is made to cover the portion of the estimated costs of maintenance, operation and servicing of said improvements to be paid by the assessable real property within the District in proportion to the estimated benefits to be received:

Table 4-1
Summary of Assessments
Budgeted for
Description Fiscal Year 2023-24
Total Costs $2,174,187
Operating Reserve Contribution
City Contribution
$0
$728,987
Balance to Assessment $1,445,200
Table 4-2
Summary of Assessments by Zone
Proposed Assessment
Fiscal Year 2023-24
Proposed Assessment
Fiscal Year 2023-24
$9,254.70
Zone
A
Zone
$594,809.90 L
B
C
D
E
F
G
H
I
$11,515.09
$56,816.33
$136,883.74
$54,902.05
$23,807.42
$68,595.12
$71,544.02
$23,799.74
$5,057.64
M
N
O
P
Q
R
S
T
U
$15,080.12
$5,648.83
$254,319.66
$3,212.58
$2,665.87
$25,309.02
$6,868.08
$54,984.59
J $5,430.38
K $14,695.50
Total Assessment $1,445,200.35
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

4. Proposed Assessments Page | 16
The proposed amount of assessment for Fiscal Year 2023-24 apportioned to each lot or parcel, as shown on the latest roll at the Assessor’s Office are appended herein and submitted separately as Appendix B of the City of Lake Elsinore Engineer’s Report for Citywide Landscaping & Street Lighting District, Fiscal Year 2023-24.

The description of each lot or parcel is part of the records of the Assessor of Riverside County and these records are, by reference, made part of this Report.

The total assessment for the Fiscal Year 2023-24 is $1,445,200.1 1 The actual assessment roll amount might have a minimal variance due to rounding.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

5. District Diagrams Page | 17
The boundaries of the District are completely within the boundaries of the City of Lake Elsinore. The District Diagrams are on file in the Office of the City Clerk of the City of Lake Elsinore and found in Appendix A of this Report. The lines and dimensions of each lot or parcel within the District are those lines and dimensions shown on the maps of the Riverside County Assessor, for the year when this Report was prepared, and are incorporated by reference herein and made part of this Report.

City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24
Engineer’s Signature
Executed this
Page | 18
day of 2023.

FRANCISCO MARTINEZ JR
PROFESSIONAL CIVIL ENGINEER NO. 84640

ENGINEER OF WORK

CITY OF LAKE ELSINORE

STATE OF CALIFORNIA
I HEREBY CERTIFY that the enclosed Engineer’s Report, together with the Assessment Roll and Assessment Diagram thereto attached, was filed with me on the _______ day of ____________, 2023, by adoption of Resolution No. _______by City Council.

CITY CLERK

CITY OF LAKE ELSINORE

STATE OF CALIFORNIA
I HEREBY CERTIFY that the enclosed Engineer’s Report, together with the Assessment Roll and Assessment Diagram thereto attached, was approved and confirmed by the City Council of the City of Lake Elsinore, California, on the _____day of ___________, 2023.

CITY CLERK

CITY OF LAKE ELSINORE

STATE OF CALIFORNIA
City of Lake Elsinore
Engineer’s Report Citywide LMD
Fiscal Year 2023-24

APPENDIX A
District Diagrams
Legend

DISTRICT AREAS
Area A
Area F
Area G
Area B Area H
Area C Area I
Area D Major Streets
Area E City Boundary
Area D
Area H
Area I
Area F
215
Area C Area G
Area B
Area A
74 15
Area
E
0 3,000 6,000 12,000 Feet

CITYWIDE LANDSCAPING & STREET LIGHTING DISTRICT

LANDSCAPING

CITY OF LAKE ELSINORE
Legend

DISTRICT AREAS
Area C
Major Streets
Midtown Area
Westside Area
City Boundary
Area D
Eastside Area
15 Area D
215
Eastside
Area
Westside
Area Area C
Midtown
Area
74 0 3,000 6,000 12,000 Feet

CITYWIDE LANDSCAPING & STREET LIGHTING DISTRICT

STREET LIGHTING

CITY OF LAKE ELSINORE
Legend

DISTRICT AREAS
Area 1
Area 3
Area 4
Area 2 Area 5
City Boundary
15 215
Area 3
Area 4
Area 5
Area 2
Area 1
74 0 3,000 6,000 12,000 Feet

CITYWIDE LANDSCAPING & STREET LIGHTING DISTRICT

TREE MAINTENANCE

CITY OF LAKE ELSINORE
Legend

DISTRICT ZONES
Zone A
Zone H
Zone I
Zone O
Zone P
Zone B Zone J
Zone K
Zone L
Zone M
Zone N
Zone Q
Zone C Zone R
Zone D Zone S
Zone E Zone T
Zone F Zone U
Zone G City Boundary
15 R
U
M
G
S
O
Q 215
A F
E
T
L H P
I C
K D J
B
74 N
0 3,000 6,000 12,000 Feet

CITYWIDE LANDSCAPING & STREET LIGHTING DISTRICT

DISTRICT DIAGRAM

CITY OF LAKE ELSINORE

APPENDIX B
Assessment Roll
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy APN Levy
346020019 $572.92
346020022
346040003
346040006
346050002
346050006
346050009
346050012
346050015
346050018
346060002
346060009
346060015
346060022
346060027
346060034
346060039
346060043
346060047
346060050
346060053
346060056
346060060
346060066
346060072
346080001
346080005
346120002
346120005
346120008
346120011
346130003
346130006
346130009
346130012
346130015
346130018
346130021
346130024
346130027
346130030
346130033
346130036
346130039
346150023
346160003
$572.92
$572.92
$122.44
$122.74
$122.74
$49.22
$123.64
$122.44
$123.34
$122.44
$51.60
$13.34
$13.34
$13.34
$13.34
$13.34
$13.04
$13.04
$13.04
$13.04
$13.04
$13.04
$4.98
346020020
346040001
346040004
346040007
346050004
346050007
346050010
346050013
346050016
346050019
346060007
346060010
346060018
346060023
346060030
346060035
346060041
346060045
346060048
346060051
346060054
346060057
346060062
346060068
346060074
346080002
346110011
346120003
346120006
346120009
346130001
346130004
346130007
346130010
346130013
346130016
346130019
346130022
346130025
346130028
346130031
346130034
346130037
346140001
346160001
346160004
$572.92
$1,149.54
$270.72
$270.72
$12.14
$24.90
$122.44
$122.74
$123.64
$122.44
$13.34
$13.34
$13.34
$13.34
$13.34
$13.34
$13.34
$51.30
$13.04
$13.04
$13.04
$51.00
$4.98
346020021
346040002
346040005
346050001
346050005
346050008
346050011
346050014
346050017
346060001
346060008
346060014
346060019
346060026
346060031
346060038
346060042
346060046
346060049
346060052
346060055
346060058
346060064
346060070
346070002
346080003
346120001
346120004
346120007
346120010
346130002
346130005
346130008
346130011
346130014
346130017
346130020
346130023
346130026
346130029
346130032
346130035
346130038
346140019
346160002
346160005
$122.74
$122.74
$122.44
$12.14
$123.64
$122.74
$123.64
$123.34
$51.60
$13.34
$13.34
$13.34
$13.34
$13.34
$13.34
$13.04
$13.04
$13.04
$13.04
$13.04
$4.98
$4.98
$4.98 $4.98
$8.86
$4.98
$12.74
$712.52
$2,608.86
$10.06
$45.02
$10.36
$255.76
$10.06
$10.06
$9.76
$13.94
$453.66
$45.62
$10.06
$45.32
$1,466.70
$116.18
$10.36
$10.06
$9.76
$10.06
$10.06
$10.06
$9.46
$79.10
$10.06
$79.40
$10.06
$252.18
$494.90
$106.90
$11.24
$4,735.08
$1,540.22
$10.36
$10.06
$10.36
$1,783.04
$10.06
$10.36
$10.06
$10.06
$10.06
$9.76
$9.76
$9.46
$45.02
$9.76
$10.06
$10.06
$112.58
$818.64
$11.24
$10.06
$10.06
$9.76
$9.46
$9.76
$10.06
$9.76
$10.06
$10.06
$1,803.98
$194.18
$11.24

Page 1 of 203 ends

Engineer's Report
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy
$11.24
APN Levy
346160006 $11.24
346160009
346160012
346160015
346160018
346160021
346160024
346160027
346170002
346170005
346170008
346170011
346170014
346170017
346170022
346180020
347100014
347100021
347110014
347110018
347110045
347110049
347110056
347110062
347110065
347110071
347110074
347110077
347110092
347250009
347250012
347250016
347250019
347270026
347280013
347330002
347330023
347330030
347330034
347330037
347330067
347330070
347330073
347350002
347350011
347350021
$11.24 346160007
346160010
346160013
346160016
346160019
346160022
346160025
346160029
346170003
346170006
346170009
346170012
346170015
346170019
346170024
346190012
347100015
347100022
347110015
347110021
347110047
347110054
347110057
347110063
347110069
347110072
347110075
347110088
347110093
347250010
347250013
347250017
347250020
347270033
347280014
347330003
347330026
347330031
347330035
347330065
347330068
347330071
347330074
347350006
347350012
347350022
346160008
346160011
346160014
346160017
346160020
346160023
346160026
346170001
346170004
346170007
346170010
346170013
346170016
346170020
346180019
347100013
347100020
347110012
347110017
347110023
347110048
347110055
347110059
347110064
347110070
347110073
347110076
347110090
347120034
347250011
347250015
347250018
347250021
347270034
347330001
347330022
347330029
347330032
347330036
347330066
347330069
347330072
347330075
347350007
347350016
347350023
$11.24
$11.24
$11.54
$26.20
$11.54
$11.84
$11.84
$12.14
$11.84
$11.84
$12.14
$12.14
$49.82
$43.54
$10.66
$50.70
$41.44
$39.84
$49.82
$19.92
$49.22
$19.92
$36.96
$36.96
$46.22
$36.06
$52.80
$23.50
$796.22
$129.32
$501.48
$893.66
$104.22
$592.34
$87.18
$41.74
$19.92
$19.92
$19.92
$4.98
$11.24
$120.36
$11.54
$11.54
$48.32
$11.84
$834.78
$12.14
$11.84
$86.28
$12.14
$12.44
$12.44
$756.46
$4.98
$69.54
$101.52
$24.90
$274.00
$19.92
$19.92
$48.92
$42.34
$46.22
$710.72
$24.90
$603.12
$130.22
$557.38
$2,212.80
$706.84
$1,005.76
$315.26
$594.44
$24.90
$24.90
$24.90
$24.90
$122.44
$4.98
$11.24
$11.54
$11.54
$11.54
$48.62
$11.84
$12.14
$12.14
$11.84
$12.14
$12.14
$12.44
$12.14
$330.20
$22.90
$28.88
$19.92
$36.36
$274.00
$33.66
$19.92
$36.96
$36.96
$37.56
$24.90
$342.26
$94.06
$5,818.96
$24.90
$248.90
$456.64
$805.18
$351.12
$124.54
$48.62
$19.92
$19.92
$24.90
$109.30
$4.98
$5.86
$4.98
$274.00
$124.54
$131.72
$4.98
$24.90
$4.98
$124.54
$892.76
$4.98
$4.98
$4.98
$40.84
$113.48

Page 2 of 203 ends

Engineer's Report
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy APN Levy
347350024 $572.92
347360011
347440003
347440006
347440009
347440012
347440015
347440018
347440021
347440024
347440027
347440030
347440033
347440036
347440039
347440042
347440045
347440048
347440051
347450003
347450006
347450009
347450012
347450015
347450018
347450021
347450024
347450027
347450030
347451001
347451004
347452002
347452005
347452008
347452011
347453002
347453005
347453008
347453011
347453014
347453017
347453020
347453023
347453026
347460001
347460004
$440.20
$285.36
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
347360001
347440001
347440004
347440007
347440010
347440013
347440016
347440019
347440022
347440025
347440028
347440031
347440034
347440037
347440040
347440043
347440046
347440049
347450001
347450004
347450007
347450010
347450013
347450016
347450019
347450022
347450025
347450028
347450031
347451002
347451005
347452003
347452006
347452009
347452012
347453003
347453006
347453009
347453012
347453015
347453018
347453021
347453024
347453027
347460002
347460005
$572.92
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
347360002
347440002
347440005
347440008
347440011
347440014
347440017
347440020
347440023
347440026
347440029
347440032
347440035
347440038
347440041
347440044
347440047
347440050
347450002
347450005
347450008
347450011
347450014
347450017
347450020
347450023
347450026
347450029
347450032
347451003
347452001
347452004
347452007
347452010
347453001
347453004
347453007
347453010
347453013
347453016
347453019
347453022
347453025
347453028
347460003
347460006
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90

Page 3 of 203 ends

Engineer's Report
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy
$24.90
APN Levy
347460007 $24.90
347460010
347460013
347460016
347460019
347460022
347460025
347460028
347460031
347460034
347461002
347461005
347462002
347462005
347462008
347462011
347462014
347462017
347470003
347470006
347470009
347470012
347470015
347470018
347470021
347470024
347470027
347470030
347470033
347470036
347470039
347471002
347471005
347471008
347471011
347471014
347471017
347471020
347471023
347472002
347480001
347480004
347481001
347481004
347481007
347481010
$24.90 347460008
347460011
347460014
347460017
347460020
347460023
347460026
347460029
347460032
347460035
347461003
347461006
347462003
347462006
347462009
347462012
347462015
347470001
347470004
347470007
347470010
347470013
347470016
347470019
347470022
347470025
347470028
347470031
347470034
347470037
347470040
347471003
347471006
347471009
347471012
347471015
347471018
347471021
347471024
347472003
347480002
347480005
347481002
347481005
347481008
347481011
347460009
347460012
347460015
347460018
347460021
347460024
347460027
347460030
347460033
347461001
347461004
347462001
347462004
347462007
347462010
347462013
347462016
347470002
347470005
347470008
347470011
347470014
347470017
347470020
347470023
347470026
347470029
347470032
347470035
347470038
347471001
347471004
347471007
347471010
347471013
347471016
347471019
347471022
347472001
347472004
347480003
347480006
347481003
347481006
347481009
347481012
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90

Page 4 of 203 ends

Engineer's Report
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy
$24.90
APN Levy
347482001 $24.90
347482004
347482007
347482010
347482013
347482016
347482019
347482022
347482025
347483003
347483006
347483009
347483012
347491001
347491004
347491007
347492002
347492005
347492008
347492011
347492014
347493002
347493005
347493008
347493011
347493014
347493017
347494002
347494005
347494008
347494011
347494014
347494017
347494020
347494023
347494026
347500001
347500004
347500007
347500010
347500013
347500016
347500019
347501003
347501006
347502003
$24.90 347482002
347482005
347482008
347482011
347482014
347482017
347482020
347482023
347483001
347483004
347483007
347483010
347490001
347491002
347491005
347491008
347492003
347492006
347492009
347492012
347492015
347493003
347493006
347493009
347493012
347493015
347493018
347494003
347494006
347494009
347494012
347494015
347494018
347494021
347494024
347494027
347500002
347500005
347500008
347500011
347500014
347500017
347501001
347501004
347502001
347502004
347482003
347482006
347482009
347482012
347482015
347482018
347482021
347482024
347483002
347483005
347483008
347483011
347490002
347491003
347491006
347492001
347492004
347492007
347492010
347492013
347493001
347493004
347493007
347493010
347493013
347493016
347494001
347494004
347494007
347494010
347494013
347494016
347494019
347494022
347494025
347494028
347500003
347500006
347500009
347500012
347500015
347500018
347501002
347501005
347502002
347502005
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90

Page 5 of 203 ends

Engineer's Report
Assessment Roll
68-2357 - Citywide Landscaping
Fiscal Year 2023-24
APN Levy APN Levy
$24.90
APN Levy
347510001 $24.90
347510004
347511002
347511005
347511008
347511011
347511014
347511017
347511020
347511023
347511026
347511029
347511032
347511035
347511038
347511041
347511049
347511052
347511055
347512001
347512004
347512007
347520001
347520004
347520007
347520010
347520013
347520016
347520019
347520022
347520025
347520028
347521001
347521004
347521007
347521010
347521013
347530003
347531004
347531007
347532002
347532005
347532008
347532011
347532014
347533002
$24.90 347510002
347510005
347511003
347511006
347511009
347511012
347511015
347511018
347511021
347511024
347511027
347511030
347511033
347511036
347511039
347511042
347511050
347511053
347511056
347512002
347512005
347512008
347520002
347520005
347520008
347520011
347520014
347520017
347520020
347520023
347520026
347520029
347521002
347521005
347521008
347521011
347530001
347531002
347531005
347531008
347532003
347532006
347532009
347532012
347532015
347533003
347510003
347511001
347511004
347511007
347511010
347511013
347511016
347511019
347511022
347511025
347511028
347511031
347511034
347511037
347511040
347511048
347511051
347511054
347511057
347512003
347512006
347512009
347520003
347520006
347520009
347520012
347520015
347520018
347520021
347520024
347520027
347520030
347521003
347521006
347521009
347521012
347530002
347531003
347531006
347532001
347532004
347532007
347532010
347532013
347533001
347533004
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90
$24.90

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Lake Elsinore City CouncilMay 23, 2023

Lake Elsinore City Council
May 23, 2023