Agenda packet — Lake Elsinore City Council, June 27, 2023 (part 1 of 3)

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:

June 27, 2023
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER
The regular meeting of the City Council will be called to order.

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CLOSED SESSION
A. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-021
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mabel A. Prats Under negotiation: Price and terms of payment
B. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 377-231-040
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Azzawi Zaher/Ali Amer Under negotiation: Price and terms of payment
C. Conference with Legal Counsel--Anticipated Litigation Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Gov’t Code Section 54956.9: 1 potential case
D. Conference With Legal Counsel--Anticipated Litigation Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9:
2 potential cases

City Council Agenda - Final June 27, 2023
City of Lake Elsinore Page 2
RECESS
The City Council will recess to Closed Session.

RECONVENE/CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

MOMENT OF SILENCE

ROLL CALL

CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS
1) Parks and Recreation Month
Present a Proclamation proclaiming the month of July 2023 as ”Parks and Recreation Month" in the City of Lake Elsinore.

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
2) Minutes of the Regular City Council Meeting of June 13, 2023 Approve the Minutes.
3) CC Warrant Report Dated May 19, 2023, to May 25, 2023 Receive and File.
4) CC Warrant Report Dated May 26, 2023, to Jun 01, 2023 Receive and File.
5) CC Warrant Report Dated Jun 02, 2023, to Jun 08, 2023 Receive and File.

City Council Agenda - Final June 27, 2023
City of Lake Elsinore Page 3
6) CC Investment Report for May 2023
Receive and file the Investment Report for May 2023.
7) Update to LAIF Resolution
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND.
8) Professional Services Agreements for Engineering Plan Check Services Approve and authorize the City Manager to execute the Agreements in an amount not to exceed $200,000 per agreement with Engineering Resources of Southern California, Charles Abbott Associates, Willdan Engineering, and Michael Baker International to provide engineering plan checking services in such final form as approved by the City Attorney.
9) Riverpark Mitigation Bank Credit Reservation Agreement for Murrieta Creek MultiUse Trail Project Approve and authorize the City Manager to execute a Mitigation Credit Reservation Agreement in the initial deposit amount of $119,000 to be applied towards the purchase of mitigation credits pursuant to an Agreement for Sale of Credits in the total amount of $1,190,000 in substantially the form attached and in such final form as approved by the City Attorney.
10) Amendment No. 1 to the Annual On-call Services Agreement with Tri-Star Electric in Support of City of Lake Elsinore Public Works Operations Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement with Tri-Star Electric to extend the agreement for one year through June 30, 2024 and increase compensation by an additional $5,000.00 annually in such final form as approved by the City Attorney.
11) Agreement with Service First Commercial Pools for Monthly Splash Pad and Pool Maintenance Services
Approve and authorize the City Manager to execute an Agreement for Contractor Services with Service First Commercial Pools in an amount not to exceed $133,896.00 for Monthly Splash Pad and Pool Maintenance Services in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $13,389.00 for uncertainties and adjustments. 12) Amendment No. 4 to the Agreement with NPG, Inc. for the Annual Asphalt Maintenance Program (CIP Project #Z10002) for Emergency Asphalt Repair Approve and authorize the City Manager to execute Amendment No. 4 to the agreement with NPG, Inc. in an amount not to exceed $151,839.85 for emergency asphalt repair in such final form as approved by the City Attorney.

City Council Agenda - Final June 27, 2023
City of Lake Elsinore Page 4

SUCCESSOR AGENCY CONSENT CALENDAR
13) Minutes of the Regular Successor Agency Meeting of June 13, 2023 Approve the Minutes.
14) SA Warrant Report Dated May 19, 2023, to May 25, 2023 Receive and File.
15) SA Warrant Report Dated May 26, 2023, to Jun 01, 2023 Receive and File.
16) SA Warrant Report Dated Jun 02, 2023, to Jun 08, 2023 Receive and File.
17) SA Investment Report for May 2023
Receive and file the Investment Report for May 2023.
18) SA Update to LAIF Resolution
Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT

AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AUTHORIZING

INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND 19) Change Order No.1 to United Carports, LLC for the Stadium Facility Project, CIP Project No. Z20003
Approve and authorize the Executive Director to execute Change Order No. 1 for the amount not to exceed $16,500.00 for the Stadium Facility Project to United Carports, LLC.

PUBLIC HEARING
20) Capital Improvement Plan (CIP) Budget for Fiscal Years 2023-24 to 2027-28 Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2023-24 THROUGH 2027-28.

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 Council Agenda - Final June 27, 2023
City of Lake Elsinore Page 5

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, July 11, 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 5:00 p.m. on Thursday, June 22, 2023.

_________________________
Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: June 27, 2023
Subject: Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-021
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mabel A. Prats Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: June 27, 2023
Subject: Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 377-231-040
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Azzawi Zaher/Ali Amer Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: June 27, 2023
Subject: Conference with Legal Counsel--Anticipated Litigation Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Gov’t Code Section 54956.9: 1 potential case

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: June 27, 2023
Subject: Conference With Legal Counsel--anticipated Litigation Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9:
2 potential cases

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Johnathan Oliver Skinner, Director Of Community Services Date: June 27, 2023
Subject: Parks and Recreation Month
Recommendation
Present a Proclamation proclaiming the month of July 2023 as ”Parks and Recreation Month" in the City of Lake Elsinore.

Attachments
Attachment 1- Proclamation
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'Wr{ERTAS, the ttitafity and weff-being of our commrmity re[y on the avai[abitity of accessiOfe and div ers e recreationaf oyyortwities ; an[
'W3{TLEAS, the Stationa[yark an[ Recreation Association recognizes tfte month of Juty as "Jufy is ?ark andRecreation lvlonth", with this year's tfieme heing,'^Where Commurtity Qrows"; an[ 'W3{EREAS, we acFnowfedge the significance of our namesaQ.e [ake as a soarce of refaxation, insyiration" an[ adyenture, fostering a sense of cormection to nature an{ yromoting yfrysicaf anf mentaf weffbeing; and
^WT{ERXA\ carnying actiyities setne 6LS a gateway to exyforation and create fasting memories, enahfing farnifies, friends, antr individttafs to recottnect "with one anotfter and the great outdoors; an[ ^WT{EREAS, our commitment to inc[usiyity and dhtersity is exemy[ifief through our syeciaf needs yrogratrlming, yroviding inditi[uafs of a[[ abi[ities witft the chance to yarticiyate futty in recreationa[ activities, fostering a serlse of hefonging, andyromoting sociaf integration; and 'WI{EREAS, our traditionafrecreation cfasses sevre as ayfatformfor [earning andyersonafgrowth, emyowering individuak to acquire new s6.i[[s, [eve[oy fto66ies, and cu[tivate tifehng yassi.ons; and 'W3{TKLA5 our Syecia[ Events continua[[y 6ring togetfter aff segments of the comrrutnity through mltsic, ayyreciation of a[fforms of artistic outfets an[ ce[ebrate foo[, fun and creatirq connections; and 'W3{EkEAS, ve recognize the yoluer of syorts yrogramming in urtiting our commllnity, instif[ing yafues of teawwork, fisciyfirte, and resifience, anf nurturing a cu[ture of heattfty comyetition; the oyerwfrefrning yoyutarity of our syorts yrogramming showcases the vihrant syirit and active tifestyte emhraced 6y our contrrumity members of a[[ ages an[ 6ackgroun[s; and ^WT{EREAS, we extend our deeyest ayyreciation to the deficate[ recreation staff, tofunteer\ and comrrutnity yartners wfio wort tirefessfy to yrovi[e exceytiona[yarks anfrecreationaf oyyortunities for our residents; and
5{onv, f3{TKTfo&E, the City Councif of the City of .take Tfsinore, Cafifornia, does hereby yroc[aim tfte month of Juty 2023 as "?arft. and Recreation Svlontfl" in tfte City of taQ.e Tkinore and r e c o gniz e s t fte 6 enefit s der iv e I fr om y ar k s and r e c r e at ion r e s our c e s. 5{at as ha J o hns on, lvl ay or
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Page 1 of 1 ends

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: June 27, 2023
Subject: Minutes of the Regular City Council Meeting of June 13, 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:

June 13, 2023
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 5:00 P.M.

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

ROLL CALL

Present: 3 - Council Members Tisdale and Magee; and Mayor Johnson

Absent: 2 - Council Member Sheridan; and Mayor Pro Tem Manos

PUBLIC COMMENTS FOR CLOSED SESSION ITEMS
There were no speakers.

CLOSED SESSION
A. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 377-180-037
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Southern California Investors Under negotiation: Price and terms of payment
B. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-014
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Leticia Cervantes Under negotiation: Price and terms of payment
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 2 :

C. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-021
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mabel A. Prats Under negotiation: Price and terms of payment
D. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 374-173-004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Berthanna Taylor Under negotiation: Price and terms of payment
E. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: Portion of 389-020-056
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Boys and Girls Club of Southwest County Under negotiation: Price and terms of payment
F. Conference With Legal Counsel--Anticipated Litigation Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9:
2 potential cases
RECESS
The City Council recessed into Closed Session at 5:01 p.m.

Mayor Pro Tem Manos arrived at 5:15 p.m.

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

PLEDGE OF ALLEGIANCE
Mayor Johnson led the Pledge of Allegiance.

MOMENT OF SILENCE

ROLL CALL

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

Absent: 1 - Council/Agency Member Sheridan
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 3 :

CLOSED SESSION REPORT
City Attorney Leibold noted that the correct APN for Item D is 374-173-004; and reported that all items were discussed; however, no reportable action was taken.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - ONE MINUTE
Douglas Norfolk was called to speak.

Ace Vallejos was called to speak.

Paulie Tehrani was called to speak.

CITY COUNCIL CONSENT CALENDAR
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to approve the City Council Consent Calendar with Agenda Item No. 12 being removed for discussion and Agenda Item No. 16 being removed from the agenda. The motion carried by the following vote:

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

Absent: 1 Council Member Sheridan

1) Minutes of the Regular City Council Meeting of May 23, 2023 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 2) Second Reading of an Ordinance Amending and Restating LEMC Chapter 2.24 (Planning Commission)
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING IN ITS ENTIRETY CHAPTER 2.24 (PLANNING COMMISSION) OF THE LAKE ELSINORE MUNICIPAL CODE.

This item was approved on the City Council Consent Calendar. 3) Annual Adoption of Investment Policy
Approve the 2023 Investment Policy.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 4 :
4) Amendment No. 2 - Agreement With County of Riverside Sheriff's Department for Law Enforcement Services
Approve Amendment No. 2 with the County of Riverside Sheriff's Department to perform law enforcement services, per the fee and terms noted in the attached agreement, and authorize the Mayor to execute the agreement in substantially the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 5) Change Order No.1 to Endresen Development Construction Agreement for the Anchor Rehabilitation Project
Approve and authorize the City Manager to execute Change Order No. 1 not exceeding $171,000.00 Endresen Development for the Anchor Rehabilitation Project (CIP Project # Z20032).

This item was approved on the City Council Consent Calendar. 6) Notice of Decision – Planning Commission Approval of Planning Application No. 2022-26 for a Conditional Use Permit to Establish a New Bar and Restaurant Facility in an Existing, Recently Rehabilitated 2,776 Sq. Ft. Building and a Design Review for Minor Onsite Modifications Located at 31502 Riverside Drive Receive and file the Notice of Decision for Planning Application No. 2022-26 approved by the Planning Commission on May 16, 2023.

This item was approved on the City Council Consent Calendar. 7) Professional Services Agreement to Provide Construction Engineering & Inspection Services for the Highway Safety Improvement Program (HSIP) Cycle 9 Traffic Signal Improvements Project
Approve and Authorize the City Manager to execute a Professional Services Agreement with Transtech Engineers, Inc. for $170,020 to provide construction engineering & inspection services for the Highway Safety Improvement Program (HSIP) Cycle 9 Traffic Signal Improvements Project, plus an additional 10% contingency, in final form as approved by City Attorney.

This item was approved on the City Council Consent Calendar. 8) Professional Services Agreement with Fehr & Peers for Preparation of the City’s Local Road Safety Plan (LRSP)
Approve and authorize the City Manager to execute the Professional Services Agreement with Fehr & Peers for $79,980 to prepare a Local Road Safety Plan (LRSP) for the City, plus an additional 10% contingency for unforeseen expenditures, in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 5 :
9) Second Amendment to On-call Services Agreement with WSP Environmental & Infrastructure Solutions, Ind., (Formerly Wood Environment & Infrastructure Solutions, Inc.

Approve and authorize the City Manager to execute Amendment No. 2 to the On-Call Services Agreement with WSP Environmental & Infrastructure Solutions, Inc. for Lake Water Testing for an additional $20,000 bringing the total contract amount not to exceed $70,000 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 10) Notice of Decision – Planning Commission Approval of Planning Application No. 2023-11 (Bellevue Career College) for a Conditional Use Permit Establishing a Nursing School within a 2,975 Sq. Ft. Unit Located at 31569 Canyon Estates Drive Suites 207-222
Receive and File the Notice of Decision for Planning Application No. 2023-11 approved by the Planning Commission on May 16, 2023.

This item was approved on the City Council Consent Calendar. 11) Amendment No. 1 to Contractor Services Agreement Between Azteca Cleaning Services LLC and the City of Lake Elsinore.

Approve and authorize the City Manager to execute Amendment No. 1 to the On-Call Contractor Services Agreement with Azteca Cleaning Servicves, LLC in an additional amount not to exceed $50,000 (new annual total of $261,000) for cleaning services in such final form as approved by the City Attorney; and authorize the City Manager to execute change orders not exceeding a 10% contingency of $26,100 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar. 12) 2023 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R
Receive and file this report and the proposed rate increases since the rate increases fall within the allowable amount per the franchise agreement.

This item was removed from the City Council Consent Calendar for discussion. 13) Amendment No. 2 to the Professional Services Agreement with Adams-Streeter Civil Engineers Inc., for the Main Street Pedestrian Safety Improvements and Information Technology Infrastructure Project Z10075
Approve and Authorize the City Manager to execute Amendment No. 2 to the Agreement for Professional Services with Adams-Streeter Civil Engineers Inc., for an additional amount of $34,765 bringing the total contract amount not to exceed $251,620 in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 6 :
14) Construction Contract with Aneen Construction Inc. for Downtown SB-821 Curb, Gutter and Sidewalk and Sumner Avenue Signing and Striping Project Z10081

1. Award the Public Works Construction Agreement for the Downtown SB-821 Curb, Gutter and Sidewalk and Sumner Avenue Signing and Striping Project Z10081 to Aneen Construction Inc.;

2. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $816,968.25 to Aneen Construction Inc in such final form as approved by the City Attorney;

3. Authorize the City Manager to execute change orders not to exceed 10% contingency amount of $81,696.82; and

4. Authorize City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City maintained drainage network.

This item was approved on the City Council Consent Calendar. 15) Construction Contract with ATP General Engineering Contractors for Summerhill Drive Pavement Rehabilitation Project Z10098

1. Award the Public Works Construction Agreement for the Summerhill Drive Pavement Rehabilitation Project Z10098 to ATP General Engineering Contractors;

2. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $1,148,805.00 to ATP General Engineering Contractors in such final form as approved by the City Attorney;

3. Authorize the City Manager to execute change orders not to exceed 10% contingency amount of $114,880.00; and

4. Authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City maintained drainage network.

This item was approved on the City Council Consent Calendar. 16) Change Order No.1 to United Carports, LLC for the Stadium Facility Project, CIP, Project No. Z20003
Approve and authorize the City Manager to execute Change Order No. 1 not exceeding $16,500.00 for the Stadium Facility Project to United Carports, LLC.

This item was removed from the agenda.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 7 :
17) Landscape Maintenance Agreements Between the City and the State of California

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

CALIFORNIA, AUTHORIZING THE EXECUTION OF A LANDSCAPE

MAINTENANCE AGREEMENT BY AND BETWEEN STATE OF CALIFORNIA AND

CITY OF LAKE ELSINORE FOR LANDSCAPE IMPROVEMENTS INSTALLED ON STATE ROUTE 74 AT SOUTHWEST CORNER ON GRAND AVENUE; and,

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

CALIFORNIA, AUTHORIZING THE EXECUTION OF A LANDSCAPE

MAINTENANCE AGREEMENT BY AND BETWEEN STATE OF CALIFORNIA AND

CITY OF LAKE ELSINORE FOR LANDSCAPE IMPROVEMENTS INSTALLED ON STATE ROUTE 74 AT EAST CORNER ON GRAND AVENUE; and

3. Approve and authorize the Mayor and City Manager to execute the Landscape Maintenance Agreements between the City and the California Department of Transportation.

This item was approved on the City Council Consent Calendar. 18) Public Works Construction Agreement with Npg, Inc. for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots (Project No. Z40023)

1. Award a Construction Agreement to NPG, Inc., for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots (CIP Project No. Z40023); and,

2. Approve and Authorize the City Manager to execute the Agreement in the not-toexceed amount of $399,910.00 for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots with NPG, Inc., in the form attached and in such final form as approved by the City Attorney; and,

3. Authorize the City Manager to execute change orders not exceeding a 10% contingency of $39,991.00 for construction uncertainties and adjustments.

This item was approved on the City Council Consent Calendar. 19) Adoption of the FY 2023-24 Annual Operating Budget, Schedule of Authorized Positions, and the Gann Limit

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE FY 2023-24 ANNUAL OPERATING BUDGET AND ESTABLISHING THE CONTROLS ON CHANGES IN THE APPROPRIATIONS; and,

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVISING THE SCHEDULE OF AUTHORIZED POSITIONS; and,

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

CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY 2023-24 AND SELECTING THE POPULATION AND INFLATION FACTOR ACCORDINGLY.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 8 :
20) Change Order No. 1 to Public Works’ Construction Agreement with Hellas Construction, Inc. for the Canyon Hills Community Park Synthetic Turf Purchase, and Installation Project (CIP Project #Z40024)
Approve and authorize the City Manager to execute Change Order No. 1 for the Canyon Hills Community Park Synthetic Turf Purchase, and Installation Project (CIP Project #Z40024) not to exceed amount of $375,587.00 with Hellas Construction, Inc.

This item was approved on the City Council Consent Calendar. 21) Eighth Amendment to License Agreement with California Family Life Center for the Planet Youth Program
Approve and authorize the City Manager to execute the Eighth Amendment with California Life Center for Planet Youth in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 22) CC Warrant Report Dated May 05, 2023 to May 12, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 23) CC Warrant Report Dated May 13, 2023 to May 18, 2023 Receive and File.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION 12) 2023 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R
Receive and file this report and the proposed rate increases since the rate increases fall within the allowable amount per the franchise agreement.

Ace Vallejos was called to speak.

Paulie Tehrani was called to speak.

A motion was made by Mayor Pro Tem Manos, seconded by Mayor Johnson to receive and file the report and proposed rate increases. The motion carried by the following vote:

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

Absent: 1 Council Member Sheridan
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 9 :

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

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

Absent: 1 Agency Member Sheridan
30) Minutes of the Regular Successor Agency Meeting of May 23, 2023 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 31) SA Warrant Report Dated May 05, 2023 to May 12, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 32) SA Warrant Report Dated May 13, 2023 to May 18, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARING
33) Second Extension of Time Request for Tentative Tract Map No. 37381 and Tentative Tract Map No. 37382 (Wasson Canyon)

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME TO MAY 14, 2024 FOR TENTATIVE TRACT MAP NO. 37381; and

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME TO MAY 14, 2024 FOR TENTATIVE TRACT MAP NO. 37382.

The Public Hearing was opened at 7:20 p.m.

Assistant Community Development Director Abraham presented the staff report.

Mike Matthews was called to speak.

The Public Hearing was closed at 7:31 p.m.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 10 :

A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to adopt the two Resolutions. The motion carried by the following vote:

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

Absent: 1 Council Member Sheridan

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

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 Tisdale reported on his attendance at the California Council of Governments meeting.

Council Member Magee shared his attendance at the ribbon cutting for the Main Street Mobil Circle K; remarked on the Just 4 Kids Fishing Derby which was held on Saturday, June 3, 2023, with 155 participants; noted that City Hall will be closed on Monday, June 19, 2023 in observance of Juneteenth; and announced that the SCCA Los Angeles Chapter will host runs on Sunday, June 25, 2023 at Diamond Stadium.

Mayor Pro Tem Manos reported on his attendance at the Southern California Association of Governments Regional Council and Transportation Committee meetings on June 1, 2023, the Riverside County Airport Land Use Commission meeting on June 8, 2023, and a meeting with Lake Elsinore & San Jacinto Watershed Authority (LESJWA) on June 6, 2023; congratulated the recipients of the 2023 Carl Graves Scholarship awards; invited the community to attend the Movies in the Park event on June 14, 2023 at 8:00 p.m. at Summerly Park; and announced the Live at the Lakefront concert schedule.

Mayor Johnson provided updates on legislative affairs; invited the community to attend the Fourth of July Party in the Park from 9:00 to 11:00 a.m. at Summerly Park and view the Fireworks spectacular beginning at 9:00 p.m.; spoke on the Riverside County Sheriff’s public outreach meeting; congratulated 2023 Lake Elsinore graduates; and congratulated MichiTacos for winning $5,000 in restaurant resilience grants from Southern California Gas.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 11 :

ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:59 p.m. to the next Regular meeting of Tuesday, June 27, 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.

Page 1 of 1 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: June 27, 2023
Subject: CC Warrant Report Dated May 19, 2023, to May 25, 2023 Recommendation
Receive and File.

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
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 712,711.49
102 MEASURE Z 8,043.13
103 THE ANCHOR 3,228.00
110 GAS TAX 1,383.85
114 SB1186 CASp EDUCATION PROGRAM 8.00
121 TOTAL ROAD IMPROVEMENT PROGRAM 381,431.95
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 201,522.13 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 164.31 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 4,149.26 180 LAUNCH POINTE 67,893.11
300 INSURANCE SERVICE (11,756.05)
305 INFORMATION SYSTEMS SERVICE 27,539.49
310 SUPPORT SERVICE 349.07
315 FLEET SERVICE 22,989.15
320 FACILITIES SERVICE 36,038.58
500 CAPITAL IMPROVEMENT PLAN 407,664.95
620 COST RECOVERY TRUST DEPOSITS 6,086.76
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 2,938.98
GRAND TOTAL $ 1,872,386.16
Attachment 1 1 of 1
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004144 AAA RESTORATION, INC. $ 14,265.00
APA23004145 AMAZON BUSINESS 1,318.10
APA23004147 AMERICAN MATERIAL COMPANY 412.34
APA23004148 AUTOMATED GATE SERVICES, INC 694.50
APA23004149 AZTECA CLEANING SERVICES LLC 8,742.08
APA23004150 BANK OF AMERICA (3151) 104.26
APA23004151 BANNER BANK 5,632.33
APA23004152 BLACK TIE LAUNDRY 269.96
APA23004153 CALIFORNIA DEPARTMENT OF TRANSPORTATION 2,064.58 APA23004154 CALIFORNIA STATE FIRE PROTECTION 446.54
APA23004155 CDW GOVERNMENT, INC. 191.28
APA23004156 CED LAGUNA 6,264.00
APA23004157 CHARTER COMMUNICATIONS 1,104.54
APA23004158 CINTAS CORPORATION NO. 2 581.26
APA23004159 CM WASH EQUIPMENT 1,134.84
APA23004160 CRISP IMAGING 79.58
APA23004161 DDL TRAFFIC, INC. 8,043.13
APA23004162 DELL SERVICES SALES 14,674.82
APA23004163 DISCOUNT HAULING & CLEANUP SERVICE 10,110.00 APA23004164 EVMWD 38,630.90
APA23004165 FARAHANI, REZA 2,945.03
APA23004166 FORCE FRAMING, INC. 154.12
APA23004167 FRONTIER CALIFORNIA - INTERNET 796.66
APA23004168 FRONTIER CALIFORNIA, INC. 58.00
APA23004169 GREAT AMERICA FINANCIAL SERVICES 349.07
APA23004170 GRIPPO, DANE 200.00
APA23004171 GUIDA SERVEYING, INC. 12,517.00
APA23004172 HEMET FENCE CORP 4,900.00
APA23004173 HI-WAY SAFETY, INC. 7,340.84
APA23004174 HUNSAKER & ASSOCIATES IRVINE, INC. 7,659.01 APA23004175 IMPACT PROMOTIONAL PRODUCTS 3,775.30
APA23004176 KPA SERVICES, LLC 866.70
APA23004178 LAKE ELSINORE TIRE & AUTO, INC. 1,208.67
APA23004179 LIUNA LOCAL 777 720.00
APA23004180 MICHAEL RUBINO LAW OFFICE 3,663.00
APA23004181 MIG 14,802.25
APA23004182 MISSION SQUARE RETIREMENT 6,824.00
APA23004183 MISSION SQUARE RETIREMENT 377.58
APA23004184 MITY-LITE, INC. 4,908.72
APA23004185 O'REILLY AUTO STORES INC/FIRST CALL 322.41
APA23004186 PERDOMO, ROSAURA 159.26
APA23004187 PRATS, MABEL A. 2,650.00
APA23004188 PRUDENTIAL OVERALL SUPPLY 448.09
APA23004189 PUBLIC SAFETY ENTERPRISE COMMUNICATION 932.04 Attachment 2 1 OF 3
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004190 QUINN COMPANY 4,347.29
APA23004191 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 2,814.00 APA23004192 ROBBINS PEST MANAGEMENT, INC. 1,720.00
APA23004193 SAFETY-KLEEN SYSTEMS, INC. 229.31
APA23004194 SECURITAS SECURITY SERVICES USA, INC. 3,078.62 APA23004195 SHRED-IT USA, LLC 168.00
APA23004196 SUNBELT RENTALS, INC. 2,041.95
APA23004197 TOTAL CLEAN 3,287.51
APA23004198 TRENCH SHORING COMPANY 94.80
APA23004199 ULINE, INC. 35,405.95
APA23004200 VULCAN MATERIALS COMPANY 203.65
APA23004201 WAXIE SANITARY SUPPLY 4,526.99
APA23004202 WKE, INC. 4,761.66
APA23004203 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 31,602.14 DFT230447 FRONTIER CALIFORNIA - INTERNET 663.73
DFT230474 CALPERS 90,554.50
DFT230475 PAYCHEX OF NEW YORK, LLC 1,471.35
DFT230476 COMPUTERSHARE TRUST COMPANY, N.A. 381,431.95
DFT230477 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230478 FRANCHISE TAX BOARD 700.00
DFT230479 STATE DISBURSEMENT UNIT 438.46
DFT230480 STATE DISBURSEMENT UNIT 134.30
DFT230481 RIVERSIDE COUNTY SHERIFF'S OFFICE 558.81
DFT230482 INTERNAL REVENUE SERVICE 198.50
DFT230483 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 800.80 DFT230484 LEGAL SHIELD 104.65
DFT230485 NATIONWIDE TRUST COMPANY, FSB 1,089.62
DFT230486 COLONIAL LIFE 102.36
DFT230487 EIP III CREDIT CO., LLC 128,350.00
DFT230488 FRANCHISE TAX BOARD 25,022.21
DFT230489 INTERNAL REVENUE SERVICE 129,141.67
DFT230490 WILMINGTON TRUST, NATIONAL ASSOCIATION 187,016.87 DFT230491 TASC 3,970.34
DFT230492 CALPERS 105.80
DFT230493 CALPERS 68,223.15
PR05252023 NET PAYROLL 335,117.68
5549 AK SECURITY ALARM LLC 60,932.23
5550 DOWNS ENERGY 5,148.27
5551 ENDRESEN DEVELOPMENT, INC. 1,500.00
5552 ENDRESEN DEVELOPMENT, INC. 576.00
5553 ENDRESEN DEVELOPMENT, INC. 4,970.22
5554 ENDRESEN DEVELOPMENT, INC. 576.00
5555 ENDRESEN DEVELOPMENT, INC. 576.00
5556 GOTO TECHNOLOGIES USA, INC. 3,787.57
Attachment 2 2 OF 3
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5557 HDR ENGINEERING, INC. 5,961.44
5558 HDR ENGINEERING, INC. 24,721.43
5559 HDR ENGINEERING, INC. 39,776.46
5560 MILLENNIUM ALARM SYSTEMS, INC. 1,233.00
5561 PROSTAFF, LLC 29,750.00
5562 SMER RESEARCH 1, LLC 15,762.28
5563 SMER RESEARCH 1, LLC 10,688.58
5564 YUNEX, LLC 3,590.84
143255 LANCASTER, LANCE A. 7,000.00
143256 HEYDAY 12,160.00
143257 JACKSON, STEPHANIE J. 355.70
143258 SALAZAR,SONIA 349.73
GRAND TOTAL $ 1,872,386.16
Attachment 2 3 OF 3

Page 1 of 1 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: June 27, 2023
Subject: CC Warrant Report Dated May 26, 2023, to Jun 01, 2023 Recommendation
Receive and File.

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
MAY 26, 2023 TO JUN 01, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 3,617,695.23
110 GAS TAX 19,701.87
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 24,178.68 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 2,107.93 180 LAUNCH POINTE 57,421.03
305 INFORMATION SYSTEMS SERVICE 16,514.82
320 FACILITIES SERVICE 2,031.12
500 CAPITAL IMPROVEMENT PLAN 514,657.98
617 HOUSING 3,971.25
GRAND TOTAL $ 4,258,279.91
Attachment 1 1 of 1
MAY 26, 2023 TO JUN 01, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5565 AK SECURITY ALARM LLC $ 13,586.86
5566 DOWNS ENERGY 334.15
5567 ENDRESEN DEVELOPMENT, INC. 15,000.00
5568 ENDRESEN DEVELOPMENT, INC. 22,500.00
5572 ENDRESEN DEVELOPMENT, INC. 35,000.00
5573 ENDRESEN DEVELOPMENT, INC. 14,325.00
5574 ENDRESEN DEVELOPMENT, INC. 3,240.00
5575 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 13,000.00 5576 PROSTAFF, LLC 29,050.00
5578 PURSUIT ELECTRIC, INC. 7,291.20
5579 VANCE CORPORATION 199,478.80
5580 YUNEX, LLC 2,183.16
143259 CITY OF LAKE ELSINORE (1.00)
143259 CITY OF LAKE ELSINORE 1.00
143260 CITY OF LAKE ELSINORE 1.00
143261 ACTION GAS & WELDING SUPPLY 87.10
143262 ACTION SPORTS CANOPIES 1,181.63
143263 ALL EVENTS AND PARTY RENTALS, INC. 780.00
143264 AMERICAN FORENSIC NURSES, INC. 735.35
143265 BANK OF AMERICA (8926) 1,418.04
143266 BIO-TOX LABORATORIES 384.43
143267 BLACK TIE LAUNDRY 944.20
143268 BSN SPORTS, LLC 3,671.25
143269 CALIFORNIA STATE FIRE PROTECTION 270.00
143270 CHARLES ABBOTT ASSOCIATES, INC. 1,196.56
143271 CHARTER COMMUNICATIONS 1,998.00
143272 CHEN RYAN ASSOCIATES, INC. 39,796.56
143273 CINTAS CORPORATION NO. 2 375.53
143274 CRIME SCENE STERI-CLEAN, LLC 830.00
143275 DAVID EVANS AND ASSOCIATES, INC. 58,445.28
143276 EWING 6,602.42
143277 EXCEL LANDSCAPE, INC. 17,877.21
143278 FCG CONSULTANTS, INC. 42,974.89
143279 FORENSIC NURSES OF SOCAL, INC. 800.00
143280 GLENN LUKOS ASSOCIATES, INC. 1,311.00
143281 GOLDEN STATE BAIT, INC. 6,000.00
143282 INTERWEST CONSULTING GROUP, INC. 720.00
143283 JOLLY JUMPS 425.00
143284 KNORR SYSTEMS, INC. 3,472.93
143285 LIEBERT CASSIDY WHITMORE 1,581.00
143286 NPG, INC. 42,574.00
143287 PRUDENTIAL OVERALL SUPPLY 448.09
143288 PVP COMMUNICATIONS, INC. 2,469.43
143289 RIGHTWAY SITE SERVICES, INC. 3,632.25
Attachment 2 1 OF 2
MAY 26, 2023 TO JUN 01, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
143290 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 14,445.16 143291 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,157,554.96 143292 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 13,072.51 143293 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,189,241.54 143294 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 21,296.44 143295 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,182,807.59 143296 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 18,152.51 143297 RSG, INC. 3,971.25
143298 SOUTHERN CALIFORNIA EDISON CO. 32,058.00
143302 STAUFFER LAWN EQUIPMENT 83.80
143303 STENO SOLUTIONS TRANSCRIPTION SERVICES, INC, 151.65 143304 ULINE, INC. 20,780.90
143305 VULCAN MATERIALS COMPANY 1,462.26
143306 WILLDAN 4,279.06
DFT230446 FRONTIER CALIFORNIA - INTERNET 468.98
DFT230470 FRONTIER CALIFORNIA - INTERNET 460.98
GRAND TOTAL $ 4,258,279.91
Attachment 2 2 OF 2

Page 1 of 1 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: June 27, 2023
Subject: CC Warrant Report Dated Jun 02, 2023, to Jun 08, 2023 Recommendation
Receive and File.

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
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 632,253.74
103 THE ANCHOR 3,548.55
105 MISC GENERAL PROJECTS 3,540.00
110 GAS TAX 8,785.62
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 33,476.59 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 15,129.96 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 12,195.77 180 LAUNCH POINTE 25,829.24
300 INSURANCE SERVICES (14,125.41)
305 INFORMATION SYSTEMS SERVICE 77,623.04
310 SUPPORT SERVICE 3,021.08
315 FLEET SERVICE 29,548.81
320 FACILITIES SERVICE 15,783.13
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 2,000.00
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 2,000.00
397 CFD 2019-1 WESTLAKE IMPROVEMENT 2,000.00
500 CAPITAL IMPROVEMENT PLAN 443,713.03
620 COST RECOVERY TRUST DEPOSITS 8,249.66
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 81.27
GRAND TOTAL $ 1,304,654.08
Attachment 1 1 of 1
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5581 CITY OF LAKE ELSINORE $ 1.00
5581 CITY OF LAKE ELSINORE (1.00)
5583 CITY OF LAKE ELSINORE 1.00
5584 DOWNS ENERGY 6,515.51
5585 JON GILMER CONSTRUCTION 92,303.42
5586 TC SPORTS MANAGEMENT, LLC 18,900.00
5587 AMAZON BUSINESS 1,981.39
5588 CM WASH EQUIPMENT 2,577.66
5589 KPA SERVICES, LLC 428.22
143260 CITY OF LAKE ELSINORE (1.00)
143307 ACTION GAS & WELDING SUPPLY 111.27
143308 ALL HANDS FIRE EQUIPMENT LLC 3,570.99
143309 ALLEGRA MARKETING PRINT MAIL 70.69
143310 ALLIED TRAFFIC EQUIPMENT RENTAL 2,334.06
143311 ANIMAL FRIENDS OF THE VALLEY 21,000.00
143312 ARDURRA GROUP, INC. 25,104.41
143313 AT&T 350.00
143314 BANK OF AMERICA (0061) 205.44
143315 BANK OF AMERICA (8767) 2,838.95
143316 BANK OF AMERICA (9974) 119.88
143317 BEACON ATHLETICS 2,838.38
143318 BLACK TIE LAUNDRY 505.11
143319 BLAIS & ASSOCIATES, INC. 3,540.00
143320 CED LAGUNA 605.35
143321 CENTURY LINK 49.84
143322 CHARTER COMMUNICATIONS 201.16
143323 CHARTER COMMUNICATIONS 1,462.37
143324 CHARTER COMMUNICATIONS 28.30
143325 CHAVEZ, DAVID 100.00
143326 CINTAS CORPORATION NO. 2 218.50
143327 CITY OF LAKE ELSINORE 2.00
143328 CIVICA LAW GROUP, APC 15,012.57
143330 CORNWELL TOOLS 1,452.67
143331 CREATIVE INDUSTRIES MEDIA GROUP 600.00
143332 DAVID TURCH & ASSOCIATES 7,000.00
143333 DELONE, MARIA JAZMINE 2,448.75
143334 DISCOUNT HAULING & CLEANUP SERVICE 21,110.00
143336 EPD SOLUTIONS, INC. 4,398.50
143337 EVMWD 24,521.51
143342 EXCEL LANDSCAPE, INC. 33,770.00
143343 FRONTIER CALIFORNIA - INTERNET 131.86
143344 FRONTIER CALIFORNIA, INC. 4,326.33
143345 FRONTIER CALIFORNIA, INC. 113.66
143346 FRONTIER CALIFORNIA, INC. 56.04
Attachment 2 1 OF 3
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
143347 FRONTIER CALIFORNIA, INC. 109.81
143350 GREAT AMERICA FINANCIAL SERVICES 3,021.08
143351 HEFINGTON MARTIAL ARTS 412.50
143352 HILLCREST CONTRACTING, INC 96,918.79
143353 HIT PRINT, INC. 2,776.46
143354 IMPACT PROMOTIONAL PRODUCTS 2,047.12
143355 JOHNSON EQUIPMENT CO. 7,302.57
143356 KJ SERVICES ENVIRONMENTAL CONSULTING 2,285.70
143357 LEO MARTINEZ AUTO BODY 2,300.00
143358 LIUNA LOCAL 777 720.00
143359 LOR GEOTECHNICAL GROUP 1,440.00
143360 LOWE'S 9,384.49
143365 MISSION SQUARE RETIREMENT 377.58
143366 MISSION SQUARE RETIREMENT 18,377.34
143367 PRUDENTIAL OVERALL SUPPLY 448.09
143368 PUBLIC SAFETY ENTERPRISE COMMUNICATION 932.04
143369 READYREFRESH 479.59
143371 RIGHTWAY SITE SERVICES, INC. 665.67
143372 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 2,814.00 143373 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00
143374 ROBBINS PEST MANAGEMENT, INC. 1,410.00
143376 SHRED-IT USA, LLC 85.60
143377 SOUTHERN CALIFORNIA EDISON CO. 44,398.45
143383 SOUTHERN CALIFORNIA GAS CO. 502.03
143384 STAPLES ADVANTAGE 362.23
143385 STC TRAFFIC, INC. 2,805.00
143386 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 33.00
143387 SUNBELT RENTALS, INC. 9,755.48
143388 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 14,875.00 143389 THOMSON REUTERS - WEST PUBLISHING CORP. 475.45
143390 T-MOBILE USA, INC. 25.00
143391 TOTAL CLEAN 7,517.81
143392 TYLER TECHNOLOGIES, INC. 59,263.76
143393 URBAN FUTURES, INC. 13,893.75
143394 USA SHADE & FABRIC STRUCTURES 187,437.73
143395 VASQUEZ, OSCAR 200.00
143396 VERIZON WIRELESS (#13) 256.81
143397 VILLAGE NEWS 350.00
143398 WALMART COMMUNITY 27.94
143399 WILMINGTON TRUST, NATIONAL ASSOCIATION 6,000.00
DFT230473 DISH 137.19
DFT230497 AMERICAN EXPRESS 23,282.81
DFT230502 STATE DISBURSEMENT UNIT 134.30
DFT230503 STATE DISBURSEMENT UNIT 438.46
Attachment 2 2 OF 3
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
DFT230504 FRANCHISE TAX BOARD 700.00
DFT230505 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230506 RIVERSIDE COUNTY SHERIFF'S OFFICE 519.50
DFT230507 INTERNAL REVENUE SERVICE 198.50
DFT230508 PAYCHEX OF NEW YORK, LLC 1,434.60
DFT230509 PAYCHEX OF NEW YORK, LLC 309.98
DFT230510 PAYCHEX OF NEW YORK, LLC 309.98
DFT230511 FRANCHISE TAX BOARD 23,698.46
DFT230512 INTERNAL REVENUE SERVICE 122,717.00
DFT230513 PAYCHEX OF NEW YORK, LLC 550.00
DFT230514 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 800.80 DFT230515 NATIONWIDE TRUST COMPANY, FSB 1,088.82
PR06082023 NET PAYROLL 322,771.02
GRAND TOTAL $ 1,304,654.08
Attachment 2 3 OF 3

Page 1 of 1 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: June 27, 2023
Subject: CC Investment Report for May 2023
Recommendation
Receive and file the Investment Report for May 2023.

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

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

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 25,663,152 $ 55,305 $ (15,276) $ 25,703,180 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 25,663,152 55,305 (15,276) 25,705,480

INVESTMENTS
Local Agency Investment Funds 60,059,580 - - 60,059,580 CAMP Investments:

CAMP Pool Account - 19,446 - 19,446
U.S. Treasury Bond / Note 26,897,005 - - 26,897,005
Supra-National Agency Bond / Note - 1,133,455 - 1,133,455 Municipal Bond / Note 1,536,023 - - 1,536,023
Federal Agency Commercial Mortgage-Backed Security - 1,421,139 - 1,421,139 Federal Agency Bond / Note 5,011,578 - - 5,011,578
Corporate Note 11,571,470 - - 11,571,470
Certificate of Deposit 900,000 - - 900,000
Asset-Backed Security 3,362,243 - - 3,362,243
Sub-total Investments 111,911,939 - - 111,911,939
Market Value Adjustment:

Unrealized Gain/(Loss) at 03/31/2023 (2,162,400) - - (2,162,400) Total Investments 109,749,539 - - 109,749,539
Total Pooled Cash and Investments 135,412,691 $ 55,305 $ (15,276) $ 135,455,019 $ TOTAL POOLED CASH AND INVESTMENTS $ 135,455,019
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 June 15, 2023
City Manager Date

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

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF May 31, 2023

FUND NO FUND NAME AMOUNT
100 General 21,288,467 $
102 Measure Z 19,366,156
106 Affordable Housing In Lieu 632,179
107 Developer Agreement Revenue 60,217
108 American Rescue Plan 9,395,048
110 State Gas Tax 1,183,657
112 Measure A 1,091,398
114 SB1186 CASP Education Program 54,669
115 Traffic Safety 29,454
117 Community Center DIF 152,384
118 Lake Side Facility DIF 259,305
119 Animal Shelter DIF 22,997
135 Lighting & Landscape Maintenance - Dist. No. 1 1,203,734 140 Geothermal 11,723
160 PEG Grant 80,853
180 Launch Pointe 1,147,825
202 La Strada RBBD 23,908
203 E.L.S.P. - S.T.I.F. 3,371,464
205 Traffic Impact Fee 184,129
211 Storm Drain C.I.P. 3,088,709
221 Quimby Park C.I.P. 62,471
231 Library C.I.P. 1,323,238
232 City Fire Protection 566,006
300 Insurance Service 1,562,381
305 Information Systems Service 2,901,347
310 Support Service 32,091
315 Fleet Service 526,065
320 Facilities Service 2,264,582
331 CFD 2006-1CC Summerly Improvement Area CC 131,047
332 CFD 2006-1 Improvement Area B, Summerly 116,442
333 CFD 2015-3 Terracina 681
334 CFD 2015-5 Trieste - Far West Industries 113,548
335 CFD 2003-2E Canyon Hills Improvement Area E 97,526
336 CFD 2006-1FF Summerly Improvement Area FF 142,194
337 CFD 2016-2 Canyon Hills 735,951
338 CFD 2006-1 IA-JJ Summerly Improvement Area 210,666
339 CFD 2006-1 IA-KK Summerly Improvement Area 156,878
340 CFD 2006-1 IA-EE Summerly Improvement Area 187,260
345 CFD 2003-2 Improvement Area D, Canyon Hills 1,431,561 346 CFD 2014-1 Southshore 68,141
347 CFD 2006-1 Improvement Area A, Summerly 171,749
350 CFD 98-1 Summerhill 856,613
351 CFD 2006-1 IA-II Summerly Improvement 163,190
354 CFD 90-2 Tuscany Hills 1,189,517
355 RAD 2021-1 Canyon Hills Improvement 835,598
357 CFD 2003-2 Canyon Hills Improvement Area 471,851
361 CFD 2022-2 Lakeshore Improvement 13,533
362 CFD 2006-8S Running Deer Estates Services 24,841
363 CFD 2022-3 Lakeside 20,448
364 CFD 2023-2 Coastal Mission Trail Improvement 40,000

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 May 31, 2023

FUND NO FUND NAME AMOUNT

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF May 31, 2023
366 CFD 2005-6 City Center Townhomes 196,007
368 CFD 2006-2 Viscaya 377,247
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 1,205,712 370 CFD 2006-1 IA-HH Summerly Improvement 197,273
371 CFD 2005-1 Serenity 485,715
372 CFD 2005-2 Alberhill Ranch Improvement Area 1,181,960 374 CFD 2005-4 Lakeview Villas 6,639
375 CFD 2006-4 Clurman 249,970
376 CFD 2006-3 La Strada 488
377 CFD 2006-6 Tessara 130,013
378 CFD 2006-8 Running Deer Estates 60,693
384 CFD 2003-2 Area B Canyon Hills Improvement Area 1,499,792 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 1,374,655 386 CFD 2007-4 Mekenna Court 123,274
387 CFD 2007-5 Red Kite 93,043
388 CFD 2007-6 Holiday Inn Express 5,548
390 CFD 2003-2 Area C Canyon Hills Improvement Area 476,385 392 CFD 95-1 City Center 101,674
394 CFD 2005-5 (2012A) Wasson Canyon 233,685
395 CFD 2018-1 Wasson Canyon II Improvement Area 9,337
396 CFD 2018-2 Nichols Ranch Improvement Area 930
397 CFD 2018-3 Village at Lakeshore 161,821
500 Capital Improvement Plan 4,373,577
510 Successor To RDA Area I, II, & III 4,766,673
540 Successor To RDA Diamond Stadium 816,434
603 Endowment Trust - Carl Graves 58,940
604 Endowment Trust - Korn Memorial 33,685
605 Public Improvement Trust 1,675,842
606 Mobile Source Air Polution Reduction 256,795
608 Trust Deposit & Pre Paid Expense 1,522,288
617 Successor Agency Housing 25,929,131
620 Cost Recovery System 5,913,962
631 Lake Destratification Equipment Replacement 506,726 650 CFD 2003-1 Law & Fire Service 1,637,977
651 CFD 2006-5 Park & Open Space Service 53,129
652 CFD 2007-1 Law & Fire Service 52,737
653 CFD 2009-1 Parks & Lighting Service 357,127
655 CFD 2015-1s Law, Fire, Paramedic Services 262,444
Total Pooled Cash & Investments $ 135,455,019

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.02% 19,446 $
U.S. Treasury Bond / Note Unlimited 24.03% 26,897,005 $ Supra-National Agency Bond / Note 30% 1.01% 1,133,455 $ Municipal Bond / Note Unlimited 1.37% 1,536,023 $
Federal Agency Collaterized Mortgage Obligation 40% 1.27% 1,421,13 $ 9 Federal Agency Bond / Note Unlimited 4.48% (1) $ 5,011,578 Corporate Note 30% 10.34% 11,571,470 $
Negotiable Certificates of Deposit 30% 0.80% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 3.00% 3,362,243 $ LAIF (Local Agency Investment Funds) $150 Million 53.67% (2) $ 60,059,580 TOTAL 100.00% 111,911 $ ,939
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.

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

SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING May 31, 2023
Local Agency Investment Fund
May 2.993
April 2.870
March 2.831
PMIA Quarter to Date(1): 2.63
PMIA Average Life 275 (1):

LAIF Apportionment Rate 2.74 (2):

0.00007493902135155

0.986510329
LAIF Earnings Ratio(2):

LAIF Fair Value Factor(1):

PMIA Daily(1): 2.87
Treasuries

66.66%
Agencies

20.56%
Certificates of
Deposit/Bank Notes

5.59%
Time
Deposits

2.84%
Commercial
Paper

3.94%
Corporate
Bonds

0.23%
Loans

0.18%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).

Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 06/07/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/23
Chart does not include $3,011,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
04/30/23
$185.4 billion
Yield Purchase Date Maturity Rate

2.993% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ (3,500,000) 63,559,580 $ 60,059,580 $ Note:

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

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

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING May 31, 2023
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
342,105.09
1,053,368.38
(1,376,027.83)

0.00 $19,445.64
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 469.22
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
50,236,941.15
1,367,455.27
(858,185.39)
(275,210.84)
$50,471,000.19
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 170,168.11
May 31, 2023 April 30, 2023
Asset Summary
CAMP Pool 19,445.64 342,105.09
CAMP Managed Account 50,471,000.19 50,236,941.15
Total $50,490,445.83 $50,579,046.24
Asset Allocation

0.04%
CAMP Pool

99.96%
CAMP Managed
Account

Page 1 ends

Managed Account Summary Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$342,105.09
1,053,368.38
(1,376,027.83)
$19,445.64
469.22
$50,236,941.15
(80,646.32)
(777,539.07)
1,367,455.27

0.00 (275,210.84)
$50,471,000.19
$50,579,046.24
$50,490,445.83
166,620.02
(4,500.49)
8,048.58
$170,168.11

0.00 779,725.36
164,433.73
80,646.32
(1,371,955.76)
347,150.35

0.00 Managed Account Total
51,977,203.83 51,996,649.47
183,338.84
779,725.36
80,646.32
164,433.73
(1,371,955.76)
(51,424,871.26)
(265,395.61)

0.00 183,338.84
2,155,753.19
80,646.32
164,433.73
(2,425,324.14)
(51,766,976.35)
(265,395.61)
469.22
Total Accrual Basis Earnings $123,125.45 $123,594.67
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00

Page 2 ends

Portfolio Summary and Statistics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 28,375,000.00 26,529,508.66 52.55 Supra-National Agency Bond / Note 1,135,000.00 1,087,975.17 2.15 Municipal Bond / Note 1,535,000.00 1,444,250.75 2.86
Federal Agency Commercial
Mortgage-Backed Security
1,455,000.00 1,395,142.53 2.76
Federal Agency Bond / Note 5,025,000.00 4,740,843.33 9.39 Corporate Note 11,565,000.00 11,076,879.47 21.94
Certificate of Deposit 900,000.00 898,365.15 1.78
Asset-Backed Security 3,362,665.42 3,298,035.13 6.53
Managed Account Sub-Total 53,352,665.42 50,471,000.19 99.96% Accrued Interest 183,338.84
Total Portfolio 53,352,665.42 50,654,339.03
CAMP Pool 19,445.64 19,445.64 0.04
Total Investments 53,372,111.06 50,673,784.67 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

6.53% ABS

1.78%
Cert of Deposit

21.94%
Corporate Note

9.39%
Fed Agy Bond /
Note

2.76%
Federal Agency
Commercial
Mortgage-Backed
Security

0.04%
Joint Powers
Authority

2.86%
Muni Bond / Note

2.15%
Supra-National
Agency Bond / Note 52.55%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

4.40%

11.06% 10.46%

22.04%

41.29%

10.75%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 986

2.87%

4.44%

Page 3 ends

Managed Account Issuer Summary For the Month Ending May 31, 2023

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

3.30%
A

2.38%
A+

6.73%
A3.70%
AA

66.40%
AA+

3.63%
AA9.09%
AAA

0.04%
AAAm

2.67%
BBB+

2.06%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
ABBOTT LABORATORIES 221,128.43 0.44
AMAZON.COM INC 440,507.88 0.87
AMERICAN EXPRESS CO 351,617.20 0.70
AMERICAN HONDA FINANCE 387,778.80 0.77
APPLE INC 737,103.28 1.45
BANK OF AMERICA CO 431,003.93 0.85
BERKSHIRE HATHAWAY INC 449,777.50 0.89
BMW FINANCIAL SERVICES NA LLC 223,764.03 0.44
BRISTOL-MYERS SQUIBB CO 368,213.63 0.73
CALIFORNIA STATE UNIVERSITY 77,823.45 0.15
CAMP Pool 19,445.64 0.04
CAPITAL ONE FINANCIAL CORP 731,138.85 1.45
CARMAX AUTO OWNER TRUST 280,521.66 0.56
CATERPILLAR INC 205,081.20 0.41
CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 96,632.00 0.19 CHARLES SCHWAB 377,895.69 0.75
CINTAS CORPORATION NO. 2 63,265.67 0.13
CITIGROUP INC 218,200.28 0.43
DEERE & COMPANY 94,767.30 0.19
DISCOVER FINANCIAL SERVICES 499,639.68 0.99
FANNIE MAE 1,556,247.80 3.07
FEDERAL HOME LOAN BANKS 462,093.45 0.92
FLORIDA STATE BOARD OF ADMIN FIN CORP 286,632.20 0.57
FORD CREDIT AUTO OWNER TRUST 129,175.80 0.26
FREDDIE MAC 4,117,644.61 8.15
GENERAL DYNAMICS CORP 220,470.30 0.44
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 354,311.66 0.70
GM FINANCIAL LEASINGTRUST 68,278.70 0.14
GOLDMAN SACHS GROUP INC 393,502.00 0.78
HARLEY-DAVIDSON MOTORCYCLE TRUST 169,431.66 0.34
HOME DEPOT INC 24,141.05 0.05
HONDA AUTO RECEIVABLES 95,667.47 0.19

Page 4 ends

Managed Account Issuer Summary For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
HYUNDAI AUTO RECEIVABLES 123,730.60 0.25
IBM CORP 221,702.40 0.44
INTER-AMERICAN DEVELOPMENT BANK 600,165.17 1.19
INTL BANK OF RECONSTRUCTION AND DEV 487,810.00 0.97
JP MORGAN CHASE & CO 466,089.16 0.92
LOCKHEED MARTIN CORP 59,779.20 0.12
LOS ANGELES COMMUNITY COLLEGE DISTRICT 128,895.20 0.26
MICROSOFT CORP 733,545.00 1.45
MORGAN STANLEY 394,470.80 0.78
NATIONAL AUSTRALIA BANK LTD 726,740.75 1.44
NATIONAL RURAL UTILITIES CO FINANCE CORP 378,670.75 0.75 NEW YORK ST URBAN DEVELOPMENT CORP 302,724.50 0.60
NISSAN AUTO RECEIVABLES 369,268.77 0.73
NORDEA BANK ABP 448,693.65 0.89
PACCAR FINANCIAL CORP 165,884.25 0.33
PNC FINANCIAL SERVICES GROUP 394,525.20 0.78
Roche Holding AG 391,650.86 0.78
SAN JUAN UNIFIED SCHOOL DISTRICT 120,104.40 0.24
STATE OF CALIFORNIA 202,260.00 0.40
STATE OF CONNECTICUT 58,036.20 0.11
STATE OF MINNESOTA 92,001.00 0.18
TARGET CORP 36,793.60 0.07
TEXAS INSTRUMENTS INC 86,124.98 0.17
THE BANK OF NEW YORK MELLON CORPORATION 630,082.01 1.25 THE WALT DISNEY CORPORATION 383,904.00 0.76
TORONTO-DOMINION BANK 449,671.50 0.89
TOYOTA MOTOR CORP 852,145.16 1.68
UNITED STATES TREASURY 26,529,508.66 52.53
UNITEDHEALTH GROUP INC 204,914.93 0.41
UNIVERSITY OF CALIFORNIA 79,141.80 0.16
USAA CAPITAL CORP 218,508.53 0.43
Total $50,490,445.83 100.00%

Page 5 ends

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 4,325,000.00 AA+ Aaa 01/13/23 01/17/23 4,160,109.37 4.68 12,649.43 4,218,843.50 4,199,980.69

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 500,000.00 AA+ Aaa 08/05/20 08/07/20 534,414.06 0.18 3,674.03 512,399.34 477,578.10

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 250,000.00 AA+ Aaa 04/01/21 04/05/21 245,156.25 0.72 262.43 247,620.39 229,921.87

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 450,000.00 AA+ Aaa 03/01/21 03/04/21 443,654.30 0.58 472.38 446,945.70 413,859.38

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 150,000.00 AA+ Aaa 07/01/21 07/07/21 147,052.73 0.82 236.19 148,301.45 136,406.25

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 06/02/21 06/07/21 344,859.38 0.70 551.10 347,090.68 318,281.25

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 400,000.00 AA+ Aaa 12/02/21 12/06/21 387,968.75 1.13 629.83 392,357.00 363,750.00

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 450,000.00 AA+ Aaa 08/03/21 08/05/21 446,167.97 0.57 708.56 447,751.75 409,218.75

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 650,000.00 AA+ Aaa 11/02/21 11/04/21 632,251.95 1.05 1,023.48 638,963.00 591,093.75

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 825,000.00 AA+ Aaa 09/01/21 09/07/21 814,236.33 0.68 1,299.03 818,552.73 750,234.38

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 02/10/22 02/14/22 71,458.01 1.92 48.91 72,546.43 68,226.56

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 950,000.00 AA+ Aaa 01/04/22 01/06/22 926,843.75 1.33 619.57 934,356.67 864,203.13

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 09/01/22 09/06/22 179,007.81 3.53 417.82 182,958.59 180,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 05/03/22 05/05/22 226,250.00 3.03 522.27 232,264.21 225,000.00

Page 6 ends

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 08/01/22 08/04/22 690,468.75 2.74 1,566.82 702,767.24 675,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 07/05/22 07/08/22 732,343.75 2.84 1,671.27 747,297.42 720,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 06/02/22 06/06/22 819,035.16 2.94 1,880.18 838,261.64 810,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 08/08/22 08/15/22 819,562.50 3.04 1,880.18 835,694.50 810,000.00

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 250,000.00 AA+ Aaa 11/01/22 11/04/22 228,144.53 4.39 230.98 231,247.65 234,179.70

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 975,000.00 AA+ Aaa 01/04/23 01/06/23 907,092.77 3.96 900.81 914,129.29 913,300.83

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 2,100,000.00 AA+ Aaa 12/05/22 12/07/22 1,954,066.41 3.92 1,940.22 1,971,915.13 1,967,109.48

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 9,500,000.00 AA+ Aaa 01/13/23 01/17/23 8,922,578.13 3.72 8,777.17 8,978,337.75 8,898,828.60

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
91282CEN7 1,200,000.00 AA+ Aaa 01/31/23 02/03/23 1,155,421.88 3.70 2,869.57 1,158,822.15 1,149,375.00

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 375,000.00 AA+ Aaa 05/01/23 05/05/23 362,329.10 3.62 3,447.00 362,550.10 358,710.94

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 800,000.00 AA+ Aaa 03/02/23 03/06/23 746,531.25 4.44 7,353.59 749,424.15 765,250.00 Security Type Sub-Total 28,375,000.00 26,897,004.89 3.32 55,632.82 27,131,398.46 26,529,508.66 Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 500,000.00 AAA Aaa 11/17/20 11/24/20 498,925.00 0.32 24.31 499,827.21 487,810.00

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 635,000.00 AAA Aaa 09/15/21 09/23/21 634,530.10 0.52 599.72 634,794.20 600,165.17

Page 7 ends

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Supra-National Agency Bond / Note
Security Type Sub-Total 1,135,000.00 1,133,455.10 0.43 624.03 1,134,621.41 1,087,975.17 Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 499.50 60,000.00 58,036.20

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/06/19 12/05/19 100,000.00 2.10 700.33 100,000.00 96,632.00

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 NR NR 12/16/20 12/23/20 325,000.00 0.87 596.92 325,000.00 302,724.50

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 07/10/20 07/16/20 85,000.00 0.88 33.36 85,000.00 79,141.80

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 09/03/20 09/16/20 65,459.55 1.11 340.71 65,199.95 60,100.30

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 09/03/20 09/16/20 85,563.55 1.12 445.54 85,245.20 78,592.70

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 09/03/20 09/16/20 160,000.00 1.26 838.67 160,000.00 147,939.20

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 08/11/20 08/25/20 100,000.00 0.63 210.00 100,000.00 92,001.00

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/20 10/29/20 130,000.00 0.85 369.20 130,000.00 120,104.40

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/20 11/10/20 140,000.00 0.77 360.73 140,000.00 128,895.20

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 07/09/21 07/29/21 85,000.00 0.86 61.06 85,000.00 77,823.45

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 2,046.09 200,000.00 202,260.00 Security Type Sub-Total 1,535,000.00 1,536,023.10 1.59 6,502.11 1,535,445.15 1,444,250.75

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+ Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 253,970.89 242,912.30 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 04/11/23 04/14/23 263,613.28 4.37 629.06 264,163.70 263,180.32 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aaa 04/06/23 04/12/23 526,839.84 4.02 1,215.96 527,799.25 521,568.92 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 380,000.00 AA+ Aaa 05/19/23 05/24/23 368,303.13 4.31 1,059.88 368,377.57 367,480.99 Security Type Sub-Total 1,455,000.00 1,421,139.06 3.80 3,542.82 1,414,311.41 1,395,142.53 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 225,000.00 AA+ Aaa 09/02/20 09/04/20 225,041.09 0.24 129.69 225,003.70 221,940.45

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 525,000.00 AA+ Aaa 09/02/20 09/04/20 524,826.75 0.26 302.60 524,984.39 517,861.05

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 325,000.00 AA+ Aaa 10/14/20 10/16/20 323,787.75 0.25 50.78 324,848.33 318,713.20

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 350,000.00 AA+ Aaa 11/03/20 11/05/20 349,685.00 0.28 60.76 349,954.59 342,419.00

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 325,000.00 AA+ Aaa 11/23/20 11/25/20 324,629.50 0.29 9.03 324,939.54 317,017.35

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 300,000.00 AA+ Aaa 12/02/20 12/04/20 299,703.00 0.28 368.75 299,949.55 292,331.70

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 350,000.00 AA+ Aaa 04/15/20 04/16/20 348,264.00 0.60 228.47 349,349.95 324,935.10

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 350,000.00 AA+ Aaa 04/22/20 04/24/20 349,279.00 0.67 236.98 349,726.86 325,493.70

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 07/21/20 07/23/20 422,883.50 0.48 575.52 424,093.76 390,207.38

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 08/25/20 08/27/20 348,362.00 0.47 350.00 349,267.21 320,282.20

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 09/10/20 09/11/20 149,550.00 0.44 135.94 149,795.66 137,158.35

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 09/23/20 09/25/20 697,893.00 0.44 495.83 699,023.90 639,029.30

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/09/20 11/12/20 647,673.00 0.57 216.67 648,862.70 593,454.55 Security Type Sub-Total 5,025,000.00 5,011,577.59 0.41 3,161.02 5,019,800.14 4,740,843.33 Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7 400,000.00 A- A3 02/12/19 02/15/19 402,848.00 3.34 4,977.78 400,329.48 394,525.20

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A- A2 03/16/21 03/18/21 104,947.50 0.77 159.69 104,986.06 100,795.59

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 102.08 209,932.34 200,528.58

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 07/19/19 07/23/19 422,916.00 2.59 1,377.78 404,380.61 394,470.80

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 07/11/19 07/15/19 398,016.00 2.51 4,106.67 399,570.08 387,778.80

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 07/08/19 07/11/19 418,632.00 2.84 6,117.22 403,354.41 393,502.00

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 158.96 69,997.48 66,411.03

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 BBB+ A2 09/03/19 09/06/19 398,368.00 1.84 1,769.44 399,591.10 383,904.00

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
24422EVU0 100,000.00 A A2 09/07/21 09/10/21 99,935.00 0.65 140.63 99,972.30 94,767.30

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/20 10/29/20 182,894.25 0.73 1,006.25 178,115.22 165,884.25

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 03/01/22 03/04/22 79,919.20 2.29 435.00 79,952.67 75,965.20

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 03/03/22 03/10/22 410,000.00 2.13 1,966.77 410,000.00 391,650.86

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 03/24/22 03/28/22 24,956.25 2.76 86.25 24,973.14 24,141.05

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7 225,000.00 BBB+ A3 08/28/20 09/01/20 249,738.75 0.88 701.25 235,134.30 218,200.28 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 04/26/22 05/03/22 64,985.70 3.46 186.88 64,990.85 63,265.67

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 632.81 224,519.12 218,508.53

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/20 10/20/20 252,247.50 0.80 350.00 236,071.95 220,470.30

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 05/24/21 06/01/21 315,000.00 0.82 1,297.80 315,000.00 299,384.51

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 06/03/20 06/05/20 474,767.25 0.81 1,878.89 474,906.47 440,507.88

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 05/31/22 06/09/22 250,000.00 3.50 4,180.56 250,000.00 242,630.75

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 795.42 49,991.16 48,408.65

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 07/20/22 07/27/22 225,000.00 4.00 3,100.00 225,000.00 221,702.40

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A1 08/18/20 08/20/20 256,918.50 0.93 2,906.25 238,989.74 219,805.65

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- A1 09/24/20 09/28/20 257,845.50 0.86 1,840.63 239,218.42 221,128.43

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A1 12/01/21 12/06/21 225,000.00 1.53 1,673.44 225,000.00 211,198.28

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 02/16/22 02/24/22 175,000.00 2.60 1,223.61 175,000.00 166,704.65

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A3 05/17/21 05/19/21 224,608.50 1.19 115.00 224,768.15 204,914.93

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 662.33 174,966.34 157,353.00

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 1,519.38 224,178.23 205,081.20

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 294.67 39,950.45 36,793.60

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 3,381.08 474,228.20 429,553.43

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 7,906.25 723,442.06 733,545.00

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 BBB+ A2 01/13/23 01/18/23 277,203.00 4.59 1,848.75 279,231.42 275,652.00

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 2,306.39 468,243.47 449,777.50

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 1,650.00 285,920.61 277,100.10

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa3 01/13/23 01/18/23 488,325.00 4.50 9,328.61 489,300.95 484,110.00

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 01/19/23 01/23/23 741,062.75 3.94 4,932.01 743,648.64 737,103.28

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 6,696.61 376,203.28 375,274.88

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 3,768.33 330,326.65 330,262.10

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 1,151.28 87,026.60 86,124.98

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A+ A2 03/09/23 03/13/23 358,263.75 4.93 4,103.13 359,005.52 368,213.63

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A3 05/23/23 05/25/23 59,892.00 4.49 44.50 59,892.42 59,779.20 Security Type Sub-Total 11,565,000.00 11,571,470.30 2.81 92,880.38 11,479,309.89 11,076,879.47 Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 14,910.00 450,000.00 449,671.50

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/02/22 11/03/22 450,000.00 5.53 1,935.50 450,000.00 448,693.65 Security Type Sub-Total 900,000.00 900,000.00 5.56 16,845.50 900,000.00 898,365.15 Asset-Backed Security
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 33,967.32 NR Aaa 02/17/21 02/24/21 33,962.20 0.33 3.43 33,965.11 33,878.55 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 35,000.00 AAA NR 05/18/21 05/26/21 34,997.05 0.41 4.38 34,998.54 34,400.15 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 48,545.97 AAA NR 04/20/21 04/28/21 48,540.87 0.38 8.20 48,543.30 47,127.48 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 239,559.41 AAA Aaa 06/15/21 06/23/21 239,555.35 0.33 35.14 239,557.18 230,919.87 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 242,459.20 AAA NR 06/08/21 06/14/21 242,433.08 0.26 28.02 242,444.66 233,665.84 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 100,000.00 NR Aaa 11/16/21 11/24/21 99,978.92 0.89 24.44 99,986.61 95,667.47

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Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 78,133.52 AAA NR 04/13/21 04/21/21 78,116.68 0.52 18.06 78,124.04 75,356.11 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 80,000.00 AAA NR 11/09/21 11/17/21 79,982.14 0.75 26.31 79,988.25 76,603.12 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 09/20/21 09/27/21 194,958.25 0.58 50.27 194,972.34 183,447.97 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 85,000.00 AAA Aaa 10/13/21 10/21/21 84,997.83 0.68 24.08 84,998.54 80,982.39 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 07/12/22 07/20/22 209,995.04 3.97 370.53 209,995.95 205,165.55 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 09/20/22 09/28/22 139,971.03 4.46 277.51 139,975.24 138,348.90 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/04/22 10/12/22 274,954.93 4.82 552.29 274,960.84 273,329.27 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 245,000.00 AAA NR 01/24/23 01/30/23 244,999.88 4.63 504.16 244,999.89 243,204.44 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/22 11/03/22 244,961.56 4.95 539.00 244,966.03 245,863.28 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 170,000.00 NR Aaa 02/13/23 02/23/23 169,982.88 5.05 381.56 169,983.84 169,431.66 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 130,000.00 AAA NR 03/28/23 03/31/23 129,986.44 4.65 268.67 129,986.91 129,175.80 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 04/04/23 04/11/23 319,981.44 4.31 612.98 319,981.97 316,191.71 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 05/17/23 05/24/23 489,887.64 4.43 421.13 489,888.13 485,275.57 Security Type Sub-Total 3,362,665.42 3,362,243.21 3.21 4,150.16 3,362,317.37 3,298,035.13

Page 15 ends

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Managed Account Sub-Total 53,352,665.42 51,832,913.25 2.87 183,338.84 51,977,203.83 50,471,000.19 Joint Powers Authority
CAMP Pool 19,445.64 AAAm NR 19,445.64 0.00 19,445.64 19,445.64 Liquid Sub-Total 19,445.64 19,445.64 0.00 19,445.64 19,445.64 $53,372,111.06 $51,852,358.89 2.87% $183,338.84 $51,996,649.47 $50,490,445.83 $50,673,784.67
$183,338.84
Total Investments
Accrued Interest
Securities Sub-Total

Page 16 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CDV0 4,325,000.00 CITIGRP 97.11 4,199,980.69 39,871.32 (18,862.81) DTD 01/31/2022 0.875% 01/31/2024

0.67 5.33
US TREASURY NOTES 912828YY0 500,000.00 WELLS_F 95.52 477,578.10 (56,835.96) (34,821.24) DTD 12/31/2019 1.750% 12/31/2024

1.56 4.72
US TREASURY NOTES 912828ZW3 250,000.00 GOLDMAN 91.97 229,921.87 (15,234.38) (17,698.52) DTD 06/30/2020 0.250% 06/30/2025

2.08 4.32
US TREASURY NOTES 912828ZW3 450,000.00 MERRILL 91.97 413,859.38 (29,794.92) (33,086.32) DTD 06/30/2020 0.250% 06/30/2025

2.08 4.32
US TREASURY NOTES 91282CBC4 150,000.00 CITIGRP 90.94 136,406.25 (10,646.48) (11,895.20) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 350,000.00 JPM_CHA 90.94 318,281.25 (26,578.13) (28,809.43) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 400,000.00 CITIGRP 90.94 363,750.00 (24,218.75) (28,607.00) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 450,000.00 JPM_CHA 90.94 409,218.75 (36,949.22) (38,533.00) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 650,000.00 BNP_PAR 90.94 591,093.75 (41,158.20) (47,869.25) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 825,000.00 CITIGRP 90.94 750,234.38 (64,001.95) (68,318.35) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY N/B NOTES 91282CBW0 75,000.00 BMO 90.97 68,226.56 (3,231.45) (4,319.87) DTD 04/30/2021 0.750% 04/30/2026

2.89 4.07
US TREASURY N/B NOTES 91282CBW0 950,000.00 CITIGRP 90.97 864,203.13 (62,640.62) (70,153.54) DTD 04/30/2021 0.750% 04/30/2026

2.89 4.07
US TREASURY N/B NOTES 91282CCP4 200,000.00 BMO 90.00 180,000.00 992.19 (2,958.59) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 250,000.00 HSBC 90.00 225,000.00 (1,250.00) (7,264.21) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 750,000.00 BMO 90.00 675,000.00 (15,468.75) (27,767.24) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 800,000.00 HSBC 90.00 720,000.00 (12,343.75) (27,297.42) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 900,000.00 MERRILL 90.00 810,000.00 (9,035.16) (28,261.64) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02

Page 17 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCP4 900,000.00 BMO 90.00 810,000.00 (9,562.50) (25,694.50) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY NOTES 912828U24 250,000.00 BMO 93.67 234,179.70 6,035.17 2,932.05 DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 975,000.00 BMO 93.67 913,300.83 6,208.06 (828.46) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 2,100,000.00 HSBC 93.67 1,967,109.48 13,043.07 (4,805.65) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 9,500,000.00 JPM_CHA 93.67 8,898,828.60 (23,749.53) (79,509.15) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY N/B NOTES 91282CEN7 1,200,000.00 BNP_PAR 95.78 1,149,375.00 (6,046.88) (9,447.15) DTD 04/30/2022 2.750% 04/30/2027

3.73 3.92
US TREASURY N/B NOTES 91282CFB2 375,000.00 MORGAN_ 95.66 358,710.94 (3,618.16) (3,839.16) DTD 07/31/2022 2.750% 07/31/2027

3.92 3.89
US TREASURY N/B NOTES 91282CFB2 800,000.00 BMO 95.66 765,250.00 18,718.75 15,825.85 DTD 07/31/2022 2.750% 07/31/2027

3.92 3.89
Security Type Sub-Total 28,375,000.00 26,529,508.66 (367,496.23) (601,889.80) 2.78 4.23 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES 459058JM6 500,000.00 TD 97.56 487,810.00 (11,115.00) (12,017.21) DTD 11/24/2020 0.250% 11/24/2023

0.48 5.43
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 635,000.00 JPM_CHA 94.51 600,165.17 (34,364.93) (34,629.03) DTD 09/23/2021 0.500% 09/23/2024

1.31 4.86
Security Type Sub-Total 1,135,000.00 1,087,975.17 (45,479.93) (46,646.24) 0.94 5.12 Municipal Bond / Note
CT ST TXBL GO BONDS 20772KJW0 60,000.00 SIEBERT 96.73 58,036.20 (1,963.80) (1,963.80) DTD 06/11/2020 1.998% 07/01/2024

1.07 5.13
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 100,000.00 RBC 96.63 96,632.00 (3,368.00) (3,368.00) DTD 12/05/2019 2.101% 08/01/2024

1.15 5.10
NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 WELLS_F 93.15 302,724.50 (22,275.50) (22,275.50) DTD 12/23/2020 0.870% 03/15/2025

1.78 4.91

Page 18 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
UNIV OF CAL TXBL REV BONDS 91412HGE7 85,000.00 JPM_CHA 04/15/25 93.11 79,141.80 (5,858.20) (5,858.20) DTD 07/16/2020 0.883% 05/15/2025

1.86 4.60
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 65,000.00 MERRILL 92.46 60,100.30 (5,359.25) (5,099.65) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 85,000.00 MERRILL 92.46 78,592.70 (6,970.85) (6,652.50) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 160,000.00 MERRILL 92.46 147,939.20 (12,060.80) (12,060.80) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
MN ST TXBL GO BONDS 60412AVJ9 100,000.00 MORGAN_ 92.00 92,001.00 (7,999.00) (7,999.00) DTD 08/25/2020 0.630% 08/01/2025

2.15 4.54
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 130,000.00 KEYBANC 92.39 120,104.40 (9,895.60) (9,895.60) DTD 10/29/2020 0.852% 08/01/2025

2.15 4.58
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 140,000.00 MERRILL 92.07 128,895.20 (11,104.80) (11,104.80) DTD 11/10/2020 0.773% 08/01/2025

2.15 4.66
CA ST UNIV TXBL REV BONDS 13077DQD7 85,000.00 JPM_CHA 91.56 77,823.45 (7,176.55) (7,176.55) DTD 07/29/2021 0.862% 11/01/2025

2.40 4.59
CA ST MUNICIPAL BONDS 13063D3N6 200,000.00 WELLS_F 101.13 202,260.00 2,260.00 2,260.00 DTD 03/15/2023 4.846% 03/01/2027

3.44 4.51
Security Type Sub-Total 1,535,000.00 1,444,250.75 (91,772.35) (91,194.40) 2.12 4.81 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2 3137BGK24 250,000.00 CITIGRP 97.16 242,912.30 (19,470.51) (11,058.59) DTD 03/01/2015 3.062% 12/01/2024

1.43 5.02
FHMS K054 A2 3137BNGT5 275,000.00 BAIRD 95.70 263,180.32 (432.96) (983.38) DTD 04/20/2016 2.745% 01/01/2026

2.39 4.51
FHMS K058 A2 3137BSP72 550,000.00 BREAN 94.83 521,568.92 (5,270.92) (6,230.33) DTD 11/09/2016 2.653% 08/01/2026

3.00 4.40
FHMS K061 A2 3137BTUM1 380,000.00 CITIGRP 96.71 367,480.99 (822.14) (896.58) DTD 01/30/2017 3.347% 11/01/2026

3.08 4.39
Security Type Sub-Total 1,455,000.00 1,395,142.53 (25,996.53) (19,168.88) 2.63 4.53 Federal Agency Bond / Note

Page 19 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEW5 225,000.00 NOMURA 98.64 221,940.45 (3,100.64) (3,063.25) DTD 09/04/2020 0.250% 09/08/2023

0.27 5.31
FREDDIE MAC NOTES 3137EAEW5 525,000.00 WELLS_F 98.64 517,861.05 (6,965.70) (7,123.34) DTD 09/04/2020 0.250% 09/08/2023

0.27 5.31
FREDDIE MAC NOTES 3137EAEY1 325,000.00 WELLS_F 98.07 318,713.20 (5,074.55) (6,135.13) DTD 10/16/2020 0.125% 10/16/2023

0.38 5.35
FREDDIE MAC NOTES 3137EAEZ8 350,000.00 CITIGRP 97.83 342,419.00 (7,266.00) (7,535.59) DTD 11/05/2020 0.250% 11/06/2023

0.43 5.36
FANNIE MAE NOTES 3135G06H1 325,000.00 NOMURA 97.54 317,017.35 (7,612.15) (7,922.19) DTD 11/25/2020 0.250% 11/27/2023

0.49 5.38
FREDDIE MAC NOTES 3137EAFA2 300,000.00 CITIGRP 97.44 292,331.70 (7,371.30) (7,617.85) DTD 12/04/2020 0.250% 12/04/2023

0.51 5.39
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 350,000.00 CITIGRP 92.84 324,935.10 (23,328.90) (24,414.85) DTD 04/16/2020 0.500% 04/14/2025

1.86 4.53
FANNIE MAE NOTES 3135G03U5 350,000.00 CITIGRP 93.00 325,493.70 (23,785.30) (24,233.16) DTD 04/24/2020 0.625% 04/22/2025

1.88 4.52
FREDDIE MAC NOTES 3137EAEU9 425,000.00 WELLS_F 91.81 390,207.38 (32,676.12) (33,886.38) DTD 07/23/2020 0.375% 07/21/2025

2.13 4.42
FANNIE MAE NOTES 3135G05X7 350,000.00 BARCLAY 91.51 320,282.20 (28,079.80) (28,985.01) DTD 08/27/2020 0.375% 08/25/2025

2.23 4.40
FEDERAL HOME LOAN BANK NOTES 3130AK5E2 150,000.00 WELLS_F 91.44 137,158.35 (12,391.65) (12,637.31) DTD 09/11/2020 0.375% 09/04/2025

2.25 4.39
FREDDIE MAC NOTES 3137EAEX3 700,000.00 CITIGRP 91.29 639,029.30 (58,863.70) (59,994.60) DTD 09/25/2020 0.375% 09/23/2025

2.30 4.37
FANNIE MAE NOTES 3135G06G3 650,000.00 BARCLAY 91.30 593,454.55 (54,218.45) (55,408.15) DTD 11/12/2020 0.500% 11/07/2025

2.42 4.30
Security Type Sub-Total 5,025,000.00 4,740,843.33 (270,734.26) (278,956.81) 1.43 4.80 Corporate Note
PNC BANK NA CORP NOTES (CALLABLE) 693475AV7 400,000.00 CITIGRP 12/23/23 98.63 394,525.20 (8,322.80) (5,804.28) DTD 01/23/2019 3.500% 01/23/2024

0.56 5.68

Page 20 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
CHARLES SCHWAB CORP NOTES 808513BN4 105,000.00 CSFB 02/18/24 96.00 100,795.59 (4,151.91) (4,190.47) (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

0.71 5.95
BANK OF NY MELLON CORP NOTES 06406RAS6 210,000.00 JPM_CHA 03/26/24 95.49 200,528.58 (9,246.72) (9,403.76) (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

0.82 5.68
MORGAN STANLEY CORP NOTES 61746BDQ6 400,000.00 WELLS_FA 98.62 394,470.80 (28,445.20) (9,909.81) DTD 04/28/2014 3.875% 04/29/2024

0.90 5.44
AMERICAN HONDA FINANCE CORP NOTE 02665WCZ2 400,000.00 WELLS_FA 96.94 387,778.80 (10,237.20) (11,791.28) DTD 06/27/2019 2.400% 06/27/2024

1.06 5.36
GOLDMAN SACHS GROUP INC (CALLABLE) 38141EC23 400,000.00 SUSQ 04/08/24 98.38 393,502.00 (25,130.00) (9,852.41) BONDS
DTD 07/08/2014 3.850% 07/08/2024

0.84 5.38
BMW US CAPITAL LLC CORPORATE NOTES 05565EBU8 70,000.00 GOLDMAN 94.87 66,411.03 (3,582.67) (3,586.45) DTD 08/12/2021 0.750% 08/12/2024

1.19 5.21
WALT DISNEY COMPANY/THE (CALLABLE) 254687FK7 400,000.00 JPM_CHAS 07/30/24 95.98 383,904.00 (14,464.00) (15,687.10) DTD 09/06/2019 1.750% 08/30/2024

1.16 5.11
JOHN DEERE CAPITAL CORP CORPORATE 24422EVU0 100,000.00 HSBC 94.77 94,767.30 (5,167.70) (5,205.00) NOTES
DTD 09/10/2021 0.625% 09/10/2024

1.27 4.90
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 175,000.00 MERRILL 94.79 165,884.25 (17,010.00) (12,230.97) NOTES
DTD 02/06/2020 1.800% 02/06/2025

1.66 5.07
AMERICAN EXPRESS CO CORP NOTES 025816CQ0 80,000.00 BARCLAY 02/01/25 94.96 75,965.20 (3,954.00) (3,987.47) (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

1.64 5.28
ROCHE HOLDINGS INC (CALLABLE) 771196BT8 410,000.00 DEUTSCH 02/10/25 95.52 391,650.86 (18,349.14) (18,349.14)

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

1.66 4.79
HOME DEPOT INC (CALLABLE) CORPORATE 437076CM2 25,000.00 MORGAN_ 03/15/25 96.56 24,141.05 (815.20) (832.09) NOTE
DTD 03/28/2022 2.700% 04/15/2025

1.75 4.63
CITIGROUP INC CORP NOTES 172967JP7 225,000.00 MKTX 96.98 218,200.28 (31,538.47) (16,934.02) DTD 04/27/2015 3.300% 04/27/2025

1.86 4.98

Page 21 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
CINTAS CORPORATION NO. 2 CORP NOTE 17252MAP5 65,000.00 KEYBANC 04/01/25 97.33 63,265.67 (1,720.03) (1,725.18) (CALL
DTD 05/03/2022 3.450% 05/01/2025

1.79 4.92
USAA CAPITAL CORP CORPORATE NOTES 90327QD89 225,000.00 MERRILL 97.11 218,508.53 (5,755.72) (6,010.59) DTD 05/26/2022 3.375% 05/01/2025

1.87 4.97
GENERAL DYNAMICS CORP (CALLABLE) 369550BG2 225,000.00 JPM_CHA 03/15/25 97.99 220,470.30 (31,777.20) (15,601.65)

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

1.75 4.59
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 315,000.00 JPM_CHA 06/01/24 95.04 299,384.51 (15,615.49) (15,615.49) NOTE
DTD 06/01/2021 0.824% 06/01/2025

1.00 3.41
AMAZON INC CORP NOTES (CALLABLE) 023135BQ8 475,000.00 GOLDMAN 05/03/25 92.74 440,507.88 (34,259.37) (34,398.59) DTD 06/03/2020 0.800% 06/03/2025

1.91 4.63
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABD9 250,000.00 CITIGRP 97.05 242,630.75 (7,369.25) (7,369.25) NOTES
DTD 06/09/2022 3.500% 06/09/2025

1.94 5.05
NATIONAL RURAL UTIL COOP CORPORATE 63743HFE7 50,000.00 RBC 96.82 48,408.65 (1,577.85) (1,582.51) NOTES
DTD 05/04/2022 3.450% 06/15/2025

1.96 5.11
IBM CORP CORPORATE NOTES 459200KS9 225,000.00 JPM_CHA 98.53 221,702.40 (3,297.60) (3,297.60) DTD 07/27/2022 4.000% 07/27/2025

2.06 4.72
BANK OF AMERICA CORP NOTES 06051GFS3 225,000.00 MERRILL 97.69 219,805.65 (37,112.85) (19,184.09) DTD 07/30/2015 3.875% 08/01/2025

2.07 5.01
ABBOTT LABORATORIES CORPORATE 002824BM1 225,000.00 US_BANC 06/15/25 98.28 221,128.43 (36,717.07) (18,089.99)

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

1.97 4.67
BANK OF AMERICA CORP NOTES 06051GKE8 225,000.00 MERRILL 12/06/24 93.87 211,198.28 (13,801.72) (13,801.72) (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

1.49 4.12
JPMORGAN CHASE & CO CORP NOTES 46647PCV6 175,000.00 JPM_CHA 02/24/25 95.26 166,704.65 (8,295.35) (8,295.35) (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

1.69 4.45

Page 22 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 CITIGRP 04/15/26 91.07 204,914.93 (19,693.57) (19,853.22) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

2.83 4.40
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 MITSU 07/12/26 89.92 157,353.00 (17,594.50) (17,613.34)

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

3.05 4.68
CATERPILLAR FINL SERVICE CORPORATE 14913R2U0 225,000.00 JPM_CHA 91.15 205,081.20 (18,782.55) (19,097.03) NOTES
DTD 01/10/2022 1.700% 01/08/2027

3.48 4.38
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 40,000.00 CITIGRP 12/15/26 91.98 36,793.60 (3,138.40) (3,156.85) DTD 01/24/2022 1.950% 01/15/2027

3.41 4.36
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 DEUTSCH 12/26/26 90.43 429,553.43 (44,392.07) (44,674.77) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

3.43 4.94
MICROSOFT CORP CORP NOTES 594918BY9 750,000.00 GOLDMAN 11/06/26 97.81 733,545.00 11,602.50 10,102.94 (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

3.24 3.94
AMERICAN EXPRESS CO CORP NOTES 025816CS6 300,000.00 RBS 02/01/27 91.88 275,652.00 (1,551.00) (3,579.42) (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

3.50 4.94
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 475,000.00 SEEL 02/15/27 94.69 449,777.50 (16,311.50) (18,465.97) (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

3.55 3.82
CHARLES SCHWAB CORP NOTES 808513BW4 300,000.00 BARCLAY 01/01/27 92.37 277,100.10 (7,824.90) (8,820.51) (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

3.38 5.53
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABE7 500,000.00 CBAA 96.82 484,110.00 (4,215.00) (5,190.95) NOTES
DTD 06/09/2022 3.905% 06/09/2027

3.69 4.78
APPLE INC (CALLABLE) BONDS 037833DB3 775,000.00 TD 06/12/27 95.11 737,103.28 (3,959.47) (6,545.36) DTD 09/12/2017 2.900% 09/12/2027

3.80 4.16
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WELLS_F 100.07 375,274.88 (1,007.62) (928.40)

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

4.14 4.61

Page 23 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
NATIONAL RURAL UTIL COOP CORP NOTES 637432NP6 350,000.00 MORGAN_ 11/07/27 94.36 330,262.10 1,073.10 (64.55) (CAL
DTD 02/07/2018 3.400% 02/07/2028

4.10 4.76
TEXAS INSTRUMENTS INC CORP NOTE 882508BV5 85,000.00 JPM_CHA 01/15/28 101.32 86,124.98 (918.42) (901.62) (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

4.17 4.29
BRISTOL-MYERS SQUIBB CO CORP NOTES 110122DE5 375,000.00 MKTX 11/20/27 98.19 368,213.63 9,949.88 9,208.11 (CALL
DTD 07/15/2020 3.900% 02/20/2028

4.10 4.33
LOCKHEED MARTIN CORP NOTES 539830BZ1 60,000.00 BARCLAY 04/15/28 99.63 59,779.20 (112.80) (113.22) (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

4.50 4.53
Security Type Sub-Total 11,565,000.00 11,076,879.47 (494,590.83) (402,430.42) 2.45 4.73 Certificate of Deposit
TORONTO DOMINION BANK NY CERT 89115B6K1 450,000.00 TD 99.93 449,671.50 (328.50) (328.50) DEPOS
DTD 10/31/2022 5.600% 10/27/2025

3.10 5.59
NORDEA BANK ABP NEW YORK CERT 65558UYF3 450,000.00 WELLS_F 99.71 448,693.65 (1,306.35) (1,306.35) DEPOS
DTD 11/03/2022 5.530% 11/03/2025

2.29 5.66
Security Type Sub-Total 900,000.00 898,365.15 (1,634.85) (1,634.85) 2.70 5.62 Asset-Backed Security
GMALT 2021-1 A4 36261RAD0 33,967.32 RBC 99.74 33,878.55 (83.65) (86.56) DTD 02/24/2021 0.330% 02/20/2025

0.06 0.48
GMALT 2021-2 A4 380144AD7 35,000.00 SOCGEN 98.29 34,400.15 (596.90) (598.39) DTD 05/26/2021 0.410% 05/20/2025

0.34 1.29
HART 2021-A A3 44933LAC7 48,545.97 BARCLAY 97.08 47,127.48 (1,413.39) (1,415.82) DTD 04/28/2021 0.380% 09/15/2025

0.54 1.68
NAROT 2021-A A3 65480BAC1 239,559.41 MITSU 96.39 230,919.87 (8,635.48) (8,637.31) DTD 06/23/2021 0.330% 10/15/2025

0.67 1.88

Page 24 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
TAOT 2021-B A3 89190GAC1 242,459.20 CITIGRP 96.37 233,665.84 (8,767.24) (8,778.82) DTD 06/14/2021 0.260% 11/17/2025

0.65 1.77
HAROT 2021-4 A3 43815GAC3 100,000.00 MERRILL 95.67 95,667.47 (4,311.45) (4,319.14) DTD 11/24/2021 0.880% 01/21/2026

0.92 2.58
CARMX 2021-2 A3 14314QAC8 78,133.52 MERRILL 96.45 75,356.11 (2,760.57) (2,767.93) DTD 04/21/2021 0.520% 02/17/2026

0.66 1.86
HART 2021-C A3 44935FAD6 80,000.00 SMBC 95.75 76,603.12 (3,379.02) (3,385.13) DTD 11/17/2021 0.740% 05/15/2026

0.88 2.22
DCENT 2021-A1 A1 254683CP8 195,000.00 CITIGRP 94.08 183,447.97 (11,510.28) (11,524.37) DTD 09/27/2021 0.580% 09/15/2026

1.26 2.46
GMCAR 2021-4 A3 362554AC1 85,000.00 JPM_CHA 95.27 80,982.39 (4,015.44) (4,016.15) DTD 10/21/2021 0.680% 09/16/2026

0.96 2.17
CARMX 2022-3 A3 14318MAD1 210,000.00 RBC 97.70 205,165.55 (4,829.49) (4,830.40) DTD 07/20/2022 3.970% 04/15/2027

1.45 4.62
NAROT 2022-B A3 65480JAC4 140,000.00 WELLS_F 98.82 138,348.90 (1,622.13) (1,626.34) DTD 09/28/2022 4.460% 05/17/2027

1.81 4.79
GMCAR 2022-4 A3 36265QAD8 275,000.00 RBC 99.39 273,329.27 (1,625.66) (1,631.57) DTD 10/12/2022 4.820% 08/16/2027

1.83 4.98
TAOT 2023-A A3 891940AC2 245,000.00 MERRILL 99.27 243,204.44 (1,795.44) (1,795.45) DTD 01/30/2023 4.630% 09/15/2027

1.95 4.82
COMET 2022-A3 A 14041NGB1 245,000.00 RBC 100.35 245,863.28 901.72 897.25 DTD 11/03/2022 4.950% 10/15/2027

2.20 4.86
HDMOT 2023-A A3 41285JAD0 170,000.00 JPM_CHA 99.67 169,431.66 (551.22) (552.18) DTD 02/23/2023 5.050% 12/15/2027

2.03 5.13
FORDO 2023-A A3 344928AD8 130,000.00 BNP_PAR 99.37 129,175.80 (810.64) (811.11) DTD 03/31/2023 4.650% 02/15/2028

2.19 4.80
DCENT 2023-A1 A 254683CY9 320,000.00 RBC 98.81 316,191.71 (3,789.73) (3,790.26) DTD 04/11/2023 4.310% 03/15/2028

2.58 4.59
COMET 2023-A1 A 14041NGD7 490,000.00 RBC 99.04 485,275.57 (4,612.07) (4,612.56) DTD 05/24/2023 4.420% 05/15/2028

2.72 4.64
Security Type Sub-Total 3,362,665.42 3,298,035.13 (64,208.08) (64,282.24) 1.72 3.85

Page 25 ends

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Managed Account Sub-Total 53,352,665.42 50,471,000.19 (1,361,913.06) (1,506,203.64) 2.45 4.44 Joint Powers Authority
CAMP Pool 19,445.64 1.00 19,445.64 0.00 0.00 0.00
Liquid Sub-Total 19,445.64 19,445.64 0.00 0.00 0.00
Total Investments $50,673,784.67
$183,338.84
$50,490,445.83
Accrued Interest
Securities Sub-Total $53,372,111.06 ($1,361,913.06) ($1,506,203.64) 2.45 4.44%

Page 26 ends

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
05/05/23 US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
05/01/23 91282CFB2 375,000.00 (362,329.10) (2,677.83) (365,006.93) 05/18/23 TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
05/11/23 882508BV5 85,000.00 (87,043.40) (1,010.08) (88,053.48) 05/24/23 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
05/17/23 14041NGD7 490,000.00 (489,887.64) 0.00 (489,887.64) 05/24/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
05/19/23 3137BTUM1 380,000.00 (368,303.13) (812.58) (369,115.71) 05/25/23 LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
05/23/23 539830BZ1 60,000.00 (59,892.00) 0.00 (59,892.00) Transaction Type Sub-Total 1,390,000.00 (1,367,455.27) (4,500.49) (1,371,955.76)

INTEREST
05/01/23 CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
05/01/23 17252MAP5 65,000.00 0.00 1,121.25 1,121.25
05/01/23 CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
05/01/23 13077DQD7 85,000.00 0.00 366.35 366.35
05/01/23 USAA CAPITAL CORP CORPORATE
NOTES
DTD 05/26/2022 3.375% 05/01/2025
05/01/23 90327QD89 225,000.00 0.00 3,796.88 3,796.88
05/25/23 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
05/01/23 3137BNGT5 275,000.00 0.00 629.06 629.06
05/25/23 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
05/01/23 3137BGK24 250,000.00 0.00 637.92 637.92
05/25/23 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
05/01/23 3137BSP72 550,000.00 0.00 1,215.96 1,215.96
05/03/23 NORDEA BANK ABP NEW YORK CERT
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
05/03/23 65558UYF3 450,000.00 0.00 12,442.50 12,442.50
05/06/23 FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
05/06/23 3137EAEZ8 350,000.00 0.00 437.50 437.50

Page 27 ends

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

INTEREST
05/07/23 FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
05/07/23 3135G06G3 650,000.00 0.00 1,625.00 1,625.00
05/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
05/15/23 65480BAC1 255,049.67 0.00 70.14 70.14
05/15/23 UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
05/15/23 91412HGE7 85,000.00 0.00 375.28 375.28
05/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
05/15/23 14314QAC8 83,277.34 0.00 36.09 36.09
05/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
05/15/23 89190GAC1 259,398.26 0.00 56.20 56.20
05/15/23 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
05/15/23 65480JAC4 140,000.00 0.00 520.33 520.33
05/15/23 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
05/15/23 14041NGB1 245,000.00 0.00 1,010.63 1,010.63
05/15/23 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
05/15/23 912828U24 12,825,000.00 0.00 128,250.00 128,250.00 05/15/23 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
05/15/23 254683CY9 320,000.00 0.00 1,302.58 1,302.58
05/15/23 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
05/15/23 14318MAD1 210,000.00 0.00 694.75 694.75
05/15/23 UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
05/15/23 91324PEC2 225,000.00 0.00 1,293.75 1,293.75
05/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
05/15/23 44933LAC7 52,611.70 0.00 16.66 16.66
05/15/23 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
05/15/23 344928AD8 130,000.00 0.00 503.75 503.75
05/15/23 GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
05/15/23 369550BG2 225,000.00 0.00 3,937.50 3,937.50
05/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
05/15/23 44935FAD6 80,000.00 0.00 49.33 49.33
05/15/23 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
05/15/23 891940AC2 245,000.00 0.00 945.29 945.29

Page 28 ends

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

INTEREST
05/15/23 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
05/15/23 254683CP8 195,000.00 0.00 94.25 94.25
05/15/23 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
05/15/23 41285JAD0 170,000.00 0.00 715.42 715.42
05/16/23 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
05/16/23 36265QAD8 275,000.00 0.00 1,104.58 1,104.58
05/16/23 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
05/16/23 362554AC1 85,000.00 0.00 48.17 48.17
05/20/23 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
05/20/23 380144AD7 35,000.00 0.00 11.96 11.96
05/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
05/20/23 36261RAD0 72,974.77 0.00 20.07 20.07
05/21/23 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
05/21/23 43815GAC3 100,000.00 0.00 73.33 73.33
05/24/23 INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
05/24/23 459058JM6 500,000.00 0.00 625.00 625.00
05/27/23 FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
05/27/23 3135G06H1 325,000.00 0.00 406.25 406.25
Transaction Type Sub-Total 20,038,311.74 0.00 164,433.73 164,433.73

PAYDOWNS
05/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
05/15/23 89190GAC1 16,939.06 16,939.06 0.00 16,939.06 1.82 0.00 05/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
05/15/23 65480BAC1 15,490.26 15,490.26 0.00 15,490.26 0.26 0.00 05/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
05/15/23 14314QAC8 5,143.82 5,143.82 0.00 5,143.82 1.11 0.00 05/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
05/15/23 44933LAC7 4,065.73 4,065.73 0.00 4,065.73 0.43 0.00 05/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
05/20/23 36261RAD0 39,007.45 39,007.45 0.00 39,007.45 5.89 0.00 Transaction Type Sub-Total 80,646.32 80,646.32 0.00 80,646.32 9.51 0.00

Page 29 ends

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
05/24/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/17/23 91282CDV0 350,000.00 340,361.33 955.97 341,317.30 3,705.08 (766.31) FIFO 05/24/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/19/23 91282CDV0 400,000.00 388,609.38 1,092.54 389,701.92 3,859.38 (1,250.78) FIFO 05/25/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/23/23 91282CDV0 50,000.00 48,568.36 137.78 48,706.14 474.61 (169.19) FIFO Transaction Type Sub-Total 800,000.00 777,539.07 2,186.29 779,725.36 8,039.07 (2,186.28) Managed Account Sub-Total (509,269.88) 162,119.53 (347,150.35) 8,048.58 (2,186.28) Total Security Transactions ($509,269.88) $162,119.53 ($347,150.35) $8,048.58 ($2,186.28)

Page 30 ends

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 342,105.09
05/01/23 05/01/23 Purchase - Interest 13077DQD7 1.00 366.35 342,471.44 05/01/23 05/01/23 Purchase - Interest 17252MAP5 1.00 1,121.25 343,592.69 05/01/23 05/01/23 Purchase - Interest 61746BDQ6 1.00 7,750.00 351,342.69 05/01/23 05/01/23 Purchase - Interest 90327QD89 1.00 3,796.88 355,139.57 05/01/23 05/01/23 Purchase - Interest 91282CBW0 1.00 3,843.75 358,983.32 05/01/23 05/01/23 Purchase - Interest 91282CEN7 1.00 16,500.00 375,483.32 05/03/23 05/03/23 Purchase - Interest 65558UYF3 1.00 12,442.50 387,925.82 05/05/23 05/05/23 Redemption - Interest 91282CFB2 1.00 (2,677.83) 385,247.99 05/05/23 05/05/23 Redemption - Principal 91282CFB2 1.00 (362,329.10) 22,918.89 05/08/23 05/08/23 Purchase - Interest 3135G06G3 1.00 1,625.00 24,543.89 05/08/23 05/08/23 Purchase - Interest 3137EAEZ8 1.00 437.50 24,981.39 05/15/23 05/15/23 Purchase - Interest 369550BG2 1.00 3,937.50 28,918.89 05/15/23 05/15/23 Purchase - Interest 912828U24 1.00 128,250.00 157,168.89 05/15/23 05/15/23 Purchase - Interest 91324PEC2 1.00 1,293.75 158,462.64 05/15/23 05/15/23 Purchase - Interest 91412HGE7 1.00 375.28 158,837.92 05/15/23 05/15/23 Purchase - Interest 14041NGB1 1.00 1,010.63 159,848.55 05/15/23 05/15/23 Purchase - Interest 14314QAC8 1.00 36.09 159,884.64 05/15/23 05/15/23 Purchase - Interest 14318MAD1 1.00 694.75 160,579.39 05/15/23 05/15/23 Purchase - Interest 254683CP8 1.00 94.25 160,673.64 05/15/23 05/15/23 Purchase - Interest 254683CY9 1.00 1,302.58 161,976.22 05/15/23 05/15/23 Purchase - Interest 344928AD8 1.00 503.75 162,479.97

Page 31 ends

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
05/15/23 05/15/23 Purchase - Interest 41285JAD0 1.00 715.42 163,195.39 05/15/23 05/15/23 Purchase - Interest 44933LAC7 1.00 16.66 163,212.05 05/15/23 05/15/23 Purchase - Interest 44935FAD6 1.00 49.33 163,261.38 05/15/23 05/15/23 Purchase - Interest 65480BAC1 1.00 70.14 163,331.52 05/15/23 05/15/23 Purchase - Interest 65480JAC4 1.00 520.33 163,851.85 05/15/23 05/15/23 Purchase - Interest 89190GAC1 1.00 56.20 163,908.05 05/15/23 05/15/23 Purchase - Interest 891940AC2 1.00 945.29 164,853.34 05/15/23 05/15/23 Purchase - Principal 14314QAC8 1.00 5,143.82 169,997.16 05/15/23 05/15/23 Purchase - Principal 44933LAC7 1.00 4,065.73 174,062.89 05/15/23 05/15/23 Purchase - Principal 65480BAC1 1.00 15,490.26 189,553.15 05/15/23 05/15/23 Purchase - Principal 89190GAC1 1.00 16,939.06 206,492.21 05/16/23 05/16/23 Purchase - Interest 362554AC1 1.00 48.17 206,540.38 05/16/23 05/16/23 Purchase - Interest 36265QAD8 1.00 1,104.58 207,644.96 05/18/23 05/18/23 Redemption - Principal 882508BV5 1.00 (87,043.40) 120,601.56 05/18/23 05/18/23 Redemption - Interest 882508BV5 1.00 (1,010.08) 119,591.48 05/22/23 05/22/23 Purchase - Interest 43815GAC3 1.00 73.33 119,664.81 05/22/23 05/22/23 Purchase - Interest 380144AD7 1.00 11.96 119,676.77 05/22/23 05/22/23 Purchase - Interest 36261RAD0 1.00 20.07 119,696.84 05/22/23 05/22/23 Purchase - Principal 36261RAD0 1.00 39,007.45 158,704.29 05/24/23 05/24/23 Purchase - Interest 459058JM6 1.00 625.00 159,329.29 05/24/23 05/24/23 Purchase - Principal 91282CDV0 1.00 340,361.33 499,690.62 05/24/23 05/24/23 Purchase - Principal 91282CDV0 1.00 388,609.38 888,300.00

Page 32 ends

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
05/24/23 05/24/23 Purchase - Interest 91282CDV0 1.00 1,092.54 889,392.54 05/24/23 05/24/23 Purchase - Interest 91282CDV0 1.00 955.97 890,348.51 05/24/23 05/24/23 Redemption - Principal 3137BTUM1 1.00 (368,303.13) 522,045.38 05/24/23 05/24/23 Redemption - Interest 3137BTUM1 1.00 (812.58) 521,232.80 05/24/23 05/24/23 Redemption - Principal 14041NGD7 1.00 (489,887.64) 31,345.16 05/25/23 05/25/23 Purchase - Interest 3137BGK24 1.00 637.92 31,983.08 05/25/23 05/25/23 Purchase - Interest 3137BNGT5 1.00 629.06 32,612.14 05/25/23 05/25/23 Purchase - Interest 3137BSP72 1.00 1,215.96 33,828.10 05/25/23 05/25/23 Purchase - Interest 91282CDV0 1.00 137.78 33,965.88 05/25/23 05/25/23 Purchase - Principal 91282CDV0 1.00 48,568.36 82,534.24 05/25/23 05/25/23 Redemption - Principal 539830BZ1 1.00 (59,892.00) 22,642.24 05/25/23 05/25/23 IP Fees April 2023 1.00 (3,820.59) 18,821.65 05/25/23 05/25/23 U.S. Bank Fees March 2023 1.00 (251.48) 18,570.17 05/30/23 05/30/23 Purchase - Interest 3135G06H1 1.00 406.25 18,976.42 05/31/23 06/01/23 Accrual Income Div Reinvestment - Distributions 1.00 469.22 19,445.64

Page 33 ends

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned 19,445.64
19,445.64
19,445.64
108,084.50
23,901.45

0.00 (25,385,539.36)
25,358,114.59
46,870.41
469.22
19,445.64

0.00 (1,376,027.83)
1,053,368.38
342,105.09
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
May January-May

5.16%

Page 34 ends

Page 1 of 1 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: July 11, 2023
Subject: Update to LAIF Resolution
Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND.

Discussion
The State of California’s Local Agency Investment Fund (LAIF) requires a resolution identifying City Official positions authorized signers to order the deposit or withdrawal of monies held by the State’s LAIF. Since our last resolution of 2008, City Staff and positions have changed and do not adequately reflect the current authorized staff or positions to manage this fund.

With the 2008 resolution, the allowable authorized signers held were City Manager and Acting Director of Administrative Services positions. The updated LAIF resolution will remove and replace the “Acting” Director with the Director of Administrative Services. The Assistant City Manager and Assistant Administrative Services Director will also be added. This is more reflective of those authorized and provides ample coverage.

Fiscal Impact
No Fiscal Impact
Attachments
Attachment 1- Updated LAIF Resolution
Attachment 1
RESOLUTION NO. 2023-___

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

CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL

AGENCY INVESTMENT FUND
Whereas, The Local Agency Investment Fund is established in the State Treasury under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and
Whereas, the City Council hereby finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the City.

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

Section 1. The City Council hereby authorizes the deposit and withdrawal of City monies in the Local Agency Investment Fund in the State Treasury in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.

Section 2. The following City officers specified hereinbelow or their successors in office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund and may execute and deliver any and all documents necessary or advisable in order to effectuate the purposes of this resolution and the transactions contemplated hereby:

City Manager – Jason Simpson, or successor
Assistant City Manager – Shannon Buckley, or successor
Director of Administrative Services – vacant, or successor Assistant Director of Administrative Services - Brendan Rafferty, or successor Section 3. This resolution shall remain in full force and effect until rescinded by City Council by Resolution and a copy of the Resolution rescinding this Resolution is filed with the State Treasurer’s Office.

Section 4. This Resolution shall take effect immediately upon its adoption.

Section 5. 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 ____ day of _____________ 20___.

Mayor’s Name
Mayor
CC Reso No. 2023-___

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3 1
5 4
6 Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2023-____ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of ___________ __, 2021 and that the same was adopted by the following vote:

AYES: Council Members A, B, and C; Mayor Pro Tem D; and Mayor E NOES: None
ABSENT: None
ABSTAIN: None
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: Remon Habib, City Engineer
Date: June 27, 2023
Subject: Professional Services Agreements for Engineering Plan Check Services Recommendation
Approve and authorize the City Manager to execute the Agreements in an amount not to exceed $200,000 per agreement with Engineering Resources of Southern California, Charles Abbott Associates, Willdan Engineering, and Michael Baker International to provide engineering plan checking services in such final form as approved by the City Attorney.

Background
The Engineering Department of the City of Lake Elsinore, as a part of the development process, requires review of private development projects for compliance with Conditions of Approval, City Ordinances, City Standards, Clean Water Compliance, and the Subdivision Map Act. Because the need for these services is dependent on the activity level of development, the City uses contract engineering firms that have the flexibility to provide staff to accommodate the fluctuation in workload.

Discussion
The City posted a Request for Qualifications (RFQ) to provide plan check engineering services as a part of the City’s development approval process. The RFQ was posted on the City’s PlanetBids portal, and the City received ten (10) respondents to the solicitation. After reviewing all ten proposals, staff chose 4 candidates.

The proposals provided extensive information about the company’s qualifications, personnel availability, and experience providing plan check services. Although most firms are technically qualified, staff was able to reduce the candidate pool from ten to four based on their approach to serving the City’s needs.

Plan Check Services Agreements

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Distribution of total fund is based on prior years activity. One of the selected firms is new and three are existing. Each firm will have a contract amount of not-to-exceed per fiscal year as listed below.
• Engineering Resources of Southern California – $200,000 • Charles Abbott Associates – $200,000
• Willdan Engineering – $200,000
• Michael Baker International – $200,000
The length of the contract will be three years, with up to two additional twelve (12) month renewal terms subject to review by the City Manager.

Fiscal Impact
There is no direct financial impact to the General Fund as the services being provided are funded 100% through developer’s plan check fees.

Attachments
Attachment 1 - Engineering Resources of Southern California Attachment 2 - Charles Abbott Associates
Attachment 3 - Willdan Engineering
Attachment 4 - Michael Baker International
Engineering Resources of Southern California Page 1

AGREEMENT FOR PROFESSIONAL SERVICES
Engineering Resources of Southern California
Plan Check Services
This Agreement for Professional Services (the “Agreement”) is made and entered into as of June 27, 2023, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Engineering Resources of Southern California, Inc., a corporation ("Consultant").

RECITALS
A. The City has determined that it requires the following professional services:

Plan Check Services
B. Consultant has submitted to City a proposal, dated March 24, 2023, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Consultant shall perform the services described in Consultant’s Proposal (Exhibit A). Consultant shall provide such services at the time, place, and in the manner specified in Consultant’s Proposal, subject to the direction of the City through its staff that it may provide from time to time.

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the professional services to be performed by Consultant is an essential condition of this Agreement. Consultant shall prosecute regularly and diligently the professional services contemplated pursuant to this Agreement according to the agreed upon performance schedule in Consultant’s Proposal (Exhibit A). b. Performance Schedule. Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the Consultant’s Proposal (Exhibit A). When requested by Consultant, extensions to the time period(s) specified may be approved in writing by the City Manager.
c. Term. Unless earlier terminated as provided elsewhere in this Agreement, this Agreement shall continue in full force and effect for a period commencing on July 1, 2023 and

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ending June 30, 2026. The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed 2 additional twelve (12) month renewal terms by giving written notice thereof to Consultant not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant's Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant's annual compensation exceed two hundred thousand dollars and no cents ($200,000.00) without additional written authorization from the City. Notwithstanding any provision of Consultant's Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

4. Method of Payment. Consultant shall promptly submit billings to the City describing the services and related work performed during the preceding month to the extent that such services and related work were performed. Consultant’s bills shall be segregated by project task, if applicable, such that the City receives a separate accounting for work done on each individual task for which Consultant provides services. Consultant’s bills shall include a brief description of the services performed, the date the services were performed, the number of hours spent and by whom, and a description of any reimbursable expenditures. City shall pay Consultant no later than forty-five (45) days after receipt of the monthly invoice by City staff.

5. Background Checks. At any time during the term of this Agreement, the City reserves the right to make an independent investigation into the background of Consultant’s personnel who perform work required by this Agreement, including but not limited to their references, character, address history, past employment, education, social security number validation, and criminal or police records, for the purpose of confirming that such personnel are lawfully employed, qualified to provide the subject service or pose a risk to the safety of persons or property in and around the vicinity of where the services will be rendered or City Hall. If the City makes a reasonable determination that any of Consultant’s prospective or then current personnel is deemed objectionable, then the City may notify Consultant of the same. Consultant shall not use that personnel to perform work required by this Agreement, and if necessary, shall replace him or her with a suitable worker.

6. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Consultant at least ten (10) days prior written notice. Upon receipt of such notice, the Consultant shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Consultant the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Section, the Consultant will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

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7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Consultant, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Consultant for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Consultant or to any other party. Consultant shall, at Consultant’s expense, provide such reports, plans, studies, documents and other writings to City upon written request. City shall have sole determination of the public’s rights to documents under the Public Records Act, and any thirdparty requests of Consultant shall be immediately referred to City, without any other actions by Consultant.
b. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement ("Documents & Data"). Consultant shall require that all subcontractors agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to license any and all Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. c. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of City, be used by Consultant for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use City’s name or insignia, photographs relating to project for which Consultant’s services are rendered, or any publicity pertaining to the Consultant’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

8. Consultant’s Books and Records.
a. Consultant shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Consultant to this Agreement.

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b. Consultant shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the City Manager, City Attorney, City Auditor or a designated representative of these officers. Copies of such documents shall be provided to the City for inspection at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records shall be available at Consultant’s address indicated for receipt of notices in this Agreement.
d. Where City has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of Consultant’s business, City may, by written request by any of the above-named officers, require that custody of the records be given to the City and that the records and documents be maintained in City Hall. Access to such records and documents shall be granted to any party authorized by Consultant, Consultant’s representatives, or Consultant’s successor-in-interest.

9. Independent Contractor.
a. Consultant is and shall at all times remain as to the City a wholly independent contractor pursuant to California Labor Code Section 3353. The personnel performing the services under this Agreement on behalf of Consultant shall at all times be under Consultant’s exclusive direction and control. Neither City nor any of its officers, employees, or agents shall have control over the conduct of Consultant or any of Consultant’s officers, employees, or agents, except as set forth in this Agreement. Consultant shall not at any time or in any manner represent that it or any of its officers, employees, or agents are in any manner officers, employees, or agents of the City. Consultant shall not incur or have the power to incur any debt, obligation, or liability whatsoever against City, or bind City in any manner. b. Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary and except for the fees paid to Consultant as provided in the Agreement, Consultant and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

10. PERS Eligibility Indemnification. In the event that Consultant or any employee, agent, or subcontractor of Consultant providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.

11. Interests of Consultant. Consultant (including principals, associates and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered

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by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Consultant’s services hereunder. Consultant further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

Consultant is not a designated employee within the meaning of the Political Reform Act because Consultant:
a. will conduct research and arrive at conclusions with respect to his/her rendition of information, advice, recommendation or counsel independent of the control and direction of the City or of any City official, other than normal agreement monitoring; and b. possesses no authority with respect to any City decision beyond rendition of information, advice, recommendation or counsel. (FPPC Reg. 18700(a)(2).)

12. Professional Ability of Consultant. City has relied upon the professional training and ability of Consultant to perform the services hereunder as a material inducement to enter into this Agreement. Consultant shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Consultant under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent professionals in Consultant’s field of expertise.

13. Compliance with Laws.
a. Consultant shall comply with all local, state and federal laws and regulations applicable to the services required hereunder, including any rule, regulation or bylaw governing the conduct or performance of Consultant and/or its employees, officers, or board members.
b. Consultant represents that it has obtained and will maintain at all times during the term of this Agreement all professional and/or business licenses, certifications and/or permits necessary for performing the services described in this Agreement, including a City business license.

14. Licenses. Consultant represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Consultant to practice its profession. Consultant represents and warrants to City that Consultant shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of Consultant to practice its profession. Consultant shall maintain a City of Lake Elsinore business license.

15. Indemnity. Consultant shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Consultant or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Consultant shall not apply when (1) the injury, loss of life, damage to property, or violation of

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law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Consultant or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Consultant to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Consultant from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Consultant acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

16. Insurance Requirements.
a. Insurance. Consultant, at Consultant’s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Consultant shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Consultant shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Consultant for City. In the event that Consultant is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Consultant shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Consultant shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.

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iii. Automobile Liability Coverage. Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
iv. Professional Liability Coverage. Consultant shall maintain professional errors and omissions liability insurance appropriate for Consultant’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Consultant’s services under this Agreement, whether such services are provided by the Consultant or by its employees, subcontractors, or sub consultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the City and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the City Manager and City Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers.

Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents. v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.

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c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Consultant shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Consultant shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Certificates of such insurance shall be filed with the City on or before commencement of performance of this Agreement. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

17. Notices. Any notice required to be given under this Agreement shall be in writing and either served personally or sent prepaid, first class mail. Any such notice shall be addressed to the other party at the address set forth below. Notice shall be deemed communicated within 48 hours from the time of mailing if mailed as provided in this section.

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Consultant: Engineering Resources of Southern California, Inc.

Attn: Matt Brudin
1861 W. Redlands Blvd.

Redlands, CA 92373

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the professional reputation, experience and competence of Consultant and the subcontractors listed in Exhibit B. Consultant shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties or obligations of the Consultant under this Agreement will be permitted only with the express consent of the City. Consultant shall not subcontract any portion of the work to be performed under this Agreement except as provided in Exhibit B without the written authorization of the City. If City consents to such subcontract, Consultant shall be fully responsible to City for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

20. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

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21. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this Agreement through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and share the costs of mediation equally. If the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS or its successor in interest. JAMS shall provide the parties with the names of five qualified mediators. Each party shall have the option to strike two of the five mediators selected by JAMS and thereafter the mediator remaining shall hear the dispute. If the dispute remains unresolved after mediation, either party may commence litigation.

22. Prohibited Interests. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

23. Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

24. Prevailing Wages. Consultant is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects.

Consultant agrees to fully comply with all applicable federal and state labor laws (including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the Work or Services provided pursuant to this Agreement, Consultant shall bear all risks of payment or non-payment of prevailing wages under California law, and Consultant hereby agrees to defend, indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

25. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force and effect.

26. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.

27. Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to

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make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

28. Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart.

29. Entire Agreement; Incorporation; Conflict. This Agreement contains the entire understanding between the parties relating to the obligations described herein. All prior or contemporaneous understandings, agreements, representations and statements, oral or written, are superseded in total by this Agreement and shall be of no further force or effect. Consultant’s Proposal is incorporated only for the description of the scope of services and/or the schedule of performance and no other terms and conditions from such proposal shall apply to this Agreement unless specifically agreed to in writing. In the event of conflict, this Agreement shall take precedence over those contained in the Consultant’s Proposal.

30. Amendments. This Agreement may be modified or amended only by a written document executed by both Consultant and City and approved as to form by the City Attorney. [Signatures on next page]

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
“CONSULTANT”
Engineering Resources of Southern
California, Inc., a Corporation

By: Matt Brudin, P.E.

Its: Principal in Charge
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]
Proposal for Plan Check Services -
Engineering Department
Submitted: March 24, 2023
Local Office:
41593 Winchester Rd., Ste. 200
Temecula, CA 92590
(909) 890-1255, [email protected]
Evaluation Period Contact:

John M. Brudin, PE
Principal in Charge
(909) 890-1255 x103
[email protected]
1861 W. Redlands Blvd. | Redlands, CA 92373
(909) 890-1255 | [email protected] | www.erscinc.com
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
March 24, 2023
City of Lake Elsinore
Engineering Department
130 South Main Street
Lake Elsinore, California, 92530
RE: Proposal for Plan Check Services - Engineering Department Dear Members of the Selection Committee,
Engineering Resources of Southern California (ERSC) is pleased to have the opportunity to submit our proposal to the City of Lake Elsinore (City) as a qualified, experienced consultant to provide Plan Check Services for the Engineering Department (Project). Based on our review of the RFP and years of experience providing plan check services to the City and local agencies, we thoroughly understand the City’s requirements and unique development setting.

Understanding
As Lake Elsinore prepares to continue its growth as an exemplary community with deep roots in the region’s history, City staff are assembling a qualified team to assist in managing that growth, including seeking the assistance of consulting plan check engineers.

Our team members bring in-depth knowledge of the policies and procedures unique to Lake Elsinore. We have crafted our proposal to highlight our expertise and knowledge of local procedures and the challenges in delivering outstanding service to Lake Elsinore’s staff, citizens, and stakeholders.

Lake Elsinore’s Engineering Resource
ERSC was founded in 1996 to provide engineering services to the public sector. The firm has delivered Plan Checking, Civil Engineering Design, Surveying, and CM/Inspection Services to numerous Cities throughout Southern California for 27 years, including the City of Lake Elsinore. Being local to the Inland Empire, ERSC maintains working relationships and valuable experience in differing design criteria and various departments of the region’s diverse public agencies.

Our proposed team has served Lake Elsinore for the entirety of our contract period and built lasting relationships with the staff, local stakeholders, and the construction professionals poised to shape the City’s future. ERSC’s goal is to maintain the continuity of our knowledge of Lake Elsinore’s current projects, processes, and standards to avoid interruption of service to fast-paced efforts.

Key Personnel
Matt Brudin, PE, will continue to act as ERSC’s Principal in Charge, guiding our team with his 35 years of experience in municipal engineering, development processes, and construction management services. Joanna Rembis, PE, will support Matt as Project Manager and direct the day-to-day tasks necessary to deliver plan check assignments. Our key personnel have access to ERSC’s 35 engineering and construction professionals located just minutes away in our Redlands and Temecula offices.

Outstanding Experience and Capabilities
ERSC’s record of outstanding service spans decades. Our team’s commitment to solidifying its reputation as a singular reliable source for municipal services never wavers. Public agencies know they can rely on ERSC, and as a result, we provide similar on-call services to multiple Cities and public agencies, including the City of Lake Elsinore. ERSC currently serves:
• City of Lake Elsinore - On-Call Plan Check Services
• City of Banning - Plan Check and Inspection Services
• City of Palm Springs – On-Call Civil Engineering Plan Check Services • City of Beaumont - On-Call Plan Check, Inspection, and Engineering Design Services • City of Rialto – On-Call Plan Checking Services
• EMWD - On-Call Land Surveyor and Document Review Services Our capabilities fit well with the goals of the City. In addition to our vast experience, our team stands out by being:
• Integrated - ERSC’s team is integrated with your processes and procedures to act as a seamless extension of City staff. Many of ERSC’s project team have served the City and its stakeholders for over eight years. The City benefits from the continuity of knowledge in utilizing ERSC’s services.
• Experienced - ERSC brings familiarity with municipal plan checking services and the special requirements pertaining to the City of Lake Elsinore and its various infrastructure, systems, staff, environment, governing bodies, stakeholders, and processes. • Advanced - ERSC is experienced in electronic review, transmittal, and receipt of plan check project documents. • Nearby - As a vendor local to Southwest Riverside County, ERSC’s local office is in the nearby City of Temecula.

On behalf of our entire project team, I would like to thank Lake Elsinore staff for the opportunity to submit our proposal to continue 1861 W. Redlands Blvd. | Redlands, CA 92373
(909) 890-1255 | [email protected] | www.erscinc.com
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
serving your City. Our team members will remain available throughout the evaluation period to answer any questions that arise. The individuals signing this document are authorized to bind ERSC in an agreement with the City of Lake Elsinore. This proposal and price presented herein are valid for a period of 120 days from the date of submittal.

If you have any questions regarding our proposal, please contact me at 909-890-1255 x103, or by email at [email protected].

Respectfully submitted,
John M. Brudin, PE
President
Table of Contents
Services Description ................................................................................................. 1 Firm Background .................................................................................................... 10 References.............................................................................................................. 12 Project Team........................................................................................................... 17 Schedule of Fees..................................................................................................... 38 Services Description
1 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
Project Understanding
ERSC understands that the City of Lake Elsinore intends to retain a professional team to support its plan review efforts for various private development and CIP projects proposed within City limits. The work includes assisting city staff in the plan and independent reviews of technical studies and reports related to onsite and offsite improvements for adherence to plans, specifications, standards, and safety guidelines.

These activities support the growth and future of communities. Interested parties invest a great deal of time and money upfront to build the communities and infrastructure that form a City. Our involvement helps guide a project to completion with the interests of the City and stakeholders in mind. As such, ERSC’s goal is to protect these interests and steward projects to approval as efficiently as possible without undue cost or burden. This understanding of the plan check processes and dedication to optimum results is the foundation of our 27-year history of serving a vast client list.

ERSC and the City of Lake Elsinore
Our team’s seven-year tenure providing plan check and miscellaneous design services in Lake Elsinore makes us uniquely familiar with the City’s needs for this type of work. We have completed over 200 individual project-related reviews in that time, and some of our team members have served the City in both Plan Check and Design roles since 2016. As a result, we are proud to maintain a close-knit relationship with the City, its staff and procedures, and local developers and contractors.

Future and On-Going Development
New growth in the City spurred by favorable economic conditions over the past four years suggests that many related projects can be expected to progress. ERSC maintains electronic records of previously reviewed plans and significant infrastructure projects. We intend to offer the City continuity in knowledge, service, and records. Some of the significant projects for which ERSC is currently providing review of grading, improvement plans, special studies include:
• Alberhill Ranch TM28214
• South Shore TM36567
• Carydon at Mission Trail
• Terracina TM36557
• The Trails at Summerly TM31920
• Viscaya TM32008
• Ridgeline TM38008220
• Ramsgate TM37382
• Wasson TM37381
ERSC’s extensive knowledge, correspondence, and documentation of projects currently in review assures that the City can expect a seamless transition to a new contract period.

Local Professional Community
In its 27 years of providing numerous services for cities and agencies across Southern California, our staff has reviewed plans prepared by a host of firms and local developers, many of whom have come to know our team well. Not only do we know what to expect from these engineers and contractors, but they also understand what to expect from ERSC.

Our processes are unwavering regardless of the party completing the work. Each project is held to the same objective requirements regardless of who may be conducting the work.

Special Considerations
Specific to the City of Lake Elsinore, ERSC has found that there are some special circumstances that may regularly impact plan checking of projects.

Standards and Codes
Private and public improvement plans submitted to ERSC for plan check will be evaluated based on numerous standards and codes.

Documents guiding the plan check process include:
• Caltrans Highway Design Manual, Traffic Manual, Standard Specifications • Riverside County Standard Plans
• Riverside County Flood Control and Water Conservation District Hydrology Manual and Design Guidelines • California Manual of Uniform Traffic Control Devices (CAMUTCD) • Greenbook Standard Plans and Specifications for Public Works Construction • California Best Management Practices Handbook for storm water BMPs • NPDES Municipal Separate Storm Sewer System (MS4) Permit 2 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
• RCFCD Drainage Master Plan
• Santa Ana Region Water Quality Management Plan Guidance & Template • SWQCB General Permits – Construction, Scrap Metal, Industrial, etc. • United Stated Army Corps of Engineers Lake Management Project Permit • Lake Elsinore Encroachment Permit Application Package • Engineering Design Guidelines Manual for the Preparation and Checking of Street Improvement • Chapter 15.72 of the Lake Elsinore Municipal Code for Grading and Erosion Control • Most recent edition of the California Building Code
• Chapter 15.64 & 15.68 of the Lake Elsinore Municipal Code for Flood Plain Management • Chapter 16 of the Lake Elsinore Municipal Code for Subdivision Development • Chapter 14.8 of the Lake Elsinore Municipal Code for Storm Water Management • City General Plan and Specific Plans
• City General and Specific Plan Transportation Elements Correspondence with Other Departments
ERSC has found coordination with other City Departments necessary in recent assignments. Specific to the City of Lake Elsinore will be the need to coordinate certain items with the departments such as Community Development for Planning items or Public Safety for Fire Department requirements in plan check.

Lake Elsinore
Lake Elsinore is the largest natural freshwater lake in Southern California. As the termination point of the San Jacinto River, the lake relies largely on rainfall with additional recycled water inflows from Elsinore Valley Municipal Water District treatment facilities. The lake is a valuable resource managed for recreational and environmental purposes. The City owns and operates many aspects of the lake, including an RV park, launch ramp, and aeration system. Army Corps of Engineers’ coordination is expected in review of projects that impact the Waters of the United States, which include the lake and some tributary channels. ERSC will review projects in the City while keeping this valuable local resource in mind.

Unique Water Quality Management Plans (WQMP)
Water Quality Management Plan (WQMP) be prepared for all projects within the Region that meet the Priority Development Project categories and thresholds listed in the Water Quality Management Plan Guidance Document for the Santa Ana Region. Typically, a Project Specific WQMP will be seen twice during the approval process for any priority project. First, during the entitlement phase as a Preliminary WQMP (PWQMP), and again during the development of construction documents as a Final WQMP (FWQMP).

During the entitlement phase, the PWQMP is reviewed to ensure adequate planning and compliance with the Guidance Document, proper application of the hierarchy of LID Site Design Best Management Practices, and that funding, inspection, and long-term maintenance of the BMPs are considered and properly thought through. Additional consideration is given to certain nuances of the WQMP. The “50% Rule” and “Highest/Best Use” are built in where applicable.

Section 1.1.2 of the WQMP describes the requirement for projects where impervious surfaces are being removed and replaced or added to existing projects and how that project should address treating runoff generated on the replaced or new impervious surfaces.

Further, Section 2.4.4 describes the need to avoid the use of infiltration-based BMPs for projects tributary to Lake Elsinore. In this case, the use of infiltration-based BMPs is considered counterproductive to the overall watershed goals, and therefore projects are required to treat and release onsite runoff.

For projects with a PWQMP, the review of the FWQMP is limited. Overall, the FWQMP will be reviewed to ensure conformance with the PWQMP, translation of the elements of the PWQMP into the final project, inclusion of the properly completed Owner’s Certification, and that fully executed maintenance and transfer agreements are provided.

Elsinore Valley Municipal Water District (EVMWD)
EVMWD serves the areas within the City with potable, waste, and recycled water services. With the EVMWD’s influence in the development of the City, ERSC will closely coordinate plan checking with the consideration of the District.

As a separate entity, EVMWD will be responsible for the review of Offsite Sewer, Water, and Recycled Water plans to their own requirements. ERSC recognizes that onsite sewer systems, water meters, hydrants, and other items will be reviewed as they impact a project’s compatibility with City requirements.

Transportation Corridors
Interstate 15 and State Route 74 border or transect the City in various directions. Permitting by Caltrans is required for work performed in and adjacent to the State’s right-of-way. ERSC has navigated Caltrans’ process in numerous projects and will utilize this experience during the review of projects for the City of Elsinore. 3 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
During past assignments, ERSC coordinated with Caltrans during widening and traffic signal modifications along Riverside Drive for the construction of the La Laguna RV Park.

Riverside County Flood Control and Water Conservation District (RCFCWCD) The Riverside County Flood Control and Water Conservation District oversees the design and development and storm drain master plans and regional flood control facilities in Southwest Riverside County, including the City of Lake Elsinore. ERSC is currently a design consultant for the RCFCWCD and understands the agency’s requirements.

Planning Documents
Development in numerous areas of the City is driven in part by the requirements of various specific plans. Specific Plans governing development in the City of Lake Elsinore include:
• Alberhill Ranch
• Alberhill Villages
• Canyon Creek/Summerhill
• Canyon Hills
• Canyon Hills Estates
• The Cape of Good Hope
• Cottage Lane
• The Diamond
• Downtown Elsinore
• East Lake
• Elsinore City Center
• La Laguna Estates
• Lakeshore Village
• Murdock Alberhill Ranch
• Nichols Ranch
• North Peak
• Outlet Center
• Ramsgate
• Spyglass Ranch
• Terracina
• Tuscany Hills
• The Village at Lakeshore
Existing development within the Specific Plans areas varies by location, and in some cases, implementation of the specific plan requirements may be driven by redevelopment. ERSC is currently involved in the implementation of large specific plans in the Cities of Chino, Rialto, Banning, and Palm Springs.

Digital Plan Checking
ERSC has been performing electronic plan checking for almost a decade. Our staff currently use Bluebeam REVU and ShareFile to serve the City of Lake Elsinore and are ready and able to adapt to any additional system that the City may elect to use.

Digital Markups
ERSC currently performs markups in a digital format for all plan checks. We receive documents through ERSC’s electronic system and distribute them internally to an engineer. The review is then completed entirely in Bluebeam REVU, allowing for accurate scaling and detailed markups. ERSC also summarizes all comments in an itemized Word document and completes the checklists provided in the City’s Design Manual. The entire package is then transmitted to the developer’s engineer for revisions and to the City for internal use.

Electronic Transmittals
ERSC currently administers electronic transmittal of projects through our own internal ShareFile system. Each project for plan check is saved to ERSC networks and added to the ShareFile suite in project-specific folders. Next, ERSC sends an email containing both a link to download the project’s plan check documents and a link for the engineer to upload revised documents for re-submittal. The ShareFile program is entirely web-based, so no additional software is needed.

Through this system, ERSC can provide the City and Design Engineer individual user access to redlined plans, plan check documents, and ERSC’s plan check tracking information. This system is used in many of ERSC’s current plan check assignments to reduce review times, eliminate costs associated with hand delivery, and establish transparency in the process for all parties.

Cost Estimate Review and Coordination
ERSC is attuned to the City’s processes. In current assignments, we compare the first and last Cost Estimates to determine any additional fees and confirm the City receives payment. This value-added service also ensures that the City is collecting fees commensurate with proposed improvements proposed and has assisted in capturing tens of thousands of dollars in overlooked permit fees. 4 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
Scope of Services
ERSC has become well-versed in the many nuances that must be observed by anyone processing plans and studies for approval within the City of Lake Elsinore. Our staff will rely on numerous codes, guidance documents, checklists, and standards to complete each review. This section will summarize the methods used to review assigned documents thoroughly.

Plan Check Reference Material
ERSC staff will reference different guidance materials based on the scope of the assignment (e.g., State Subdivision Map Act, Standard Specifications for Public Works Construction, Americans with Disabilities Act requirements, and the California Building Code). Other facets of a particular project, such as water quality or traffic improvements, are governed by the Construction General Permit, MS4 Permit, WQMP guidance document, Manual on Uniform Traffic Control Devices, State of California Highway Design Manual, Caltrans Standard Specifications, Riverside County Flood Control Hydrology Manual, and the United States Army Corps of Engineers Permit requirements. Each is applied respectively and where applicable. In addition, local guidance documents such as the City Grading Notes for Improvement Plans, City Encroachment Permit Application Package, City Municipal Code, City General Plan, and Specific Plan Elements are also applied when appropriate. Conditions of Approval are also thoroughly reviewed and applied to each project.

Process Applicable to all Plans/Subdivision Maps/Studies The below items are incorporated as applicable during the review of any plans, maps, and studies after assignment to ERSC for review. • Review initial submittal package for completeness. Items frequently required include a title report, geotechnical report, and conditions of approval.
• Verify ownership, review aerials and photos, and review onsite/adjacent conditions. Verify drawing content, including title block, file number, RCE signature block, benchmark, and proper drafting technique. Verify compliance with Conditions of Approval.

Verify general notes and content, construction notes, and quantities. Include project title, a list of utility companies with contact information, vicinity and index map, legal description, APN, site ownership, and addresses as applicable. • Review engineering design principles, requirements, and industry-standard practices. • Review special studies to ensure they are conceptually sound and meet City, County, and State Standards.

Process for Individual Improvement Plan Checking and Special Study Review Following is an outline of items that ERSC staff utilize to review specific types of plans, maps, and studies and a list of commonly reviewed documents from our experience with the City. We can elaborate as requested if the evaluation committee members deem our proposal requires expansion on potential other assignments.

Rough, Precise, Mass Grading Plans
Verify conformance with geotechnical report; show boundary information, easements, and adjacent lot numbers; show street dimensions, existing utilities, sewer lateral and water meter; reference pad elevations to TTM and surrounding drainage; review and verify perimeter conditions; cross-reference with street and drainage plans and final map; verify compliance with California Building Code for grading and accessibility; verify minimum slope requirements and drainage control at top of slope; verify slopes, top of grate and invert elevations on drains; verify retention basin and BMPs, show building locations/setbacks; show critical elevations; verify conformance with FEMA requirements.

Street Plans and Alignment Review
Verify design speed, geometrics, and cross-section; show typical section with cross fall and dimensions; verify minimum/maximum street grades and cul-de-sac design; verify structural section (AC/Base); verify bearings, curve data (centerline and curb) and stationing; show stations/elevations at intersections, EC/BC and ECR/BCR; verify “join” elevations extend topography; show saw cut line and feathered paving; provide supplemental cross sections for widening; show driveway approaches and cross gutters; in the profile, show existing/proposed profile at centerline, curb left & right; show stations at begin/end construction, intersection, EC/BC and even stations; show slope, elevations at critical points and grade breaks; show the location, length, and PI for vertical curves; show projection and length of curb returns/verify design; profile “grade to drain” and show elevations.

Storm Drain Plans
Verify size and design flow per City’s Master Plan, if applicable; design per Flood Control standards; verify alignment, geometrics, and stationing; show existing utilities (OH/UG); show catch basins, manholes/junction structures and inlet/outlet structures with details when required; show, obtain, and/or verify drainage easements; show invert elevations at inlet/outlet, structures, and grade breaks; verify design flow and street capacity with hydrology study; show HGL, flow rate, and velocity for main line and lateral; coordinate with hydraulic calculations; verify coordination with regulatory agencies as required. Storm drain plans will be checked against hydrology and hydraulic calculations.

Onsite Pipeline (Sewer, Water, Recycled) Plans
Location (new tract, ROW or easement); supporting documents (hydraulic models, geotechnical); sheet layout and contents per City requirements; stations and elevations at valves, fittings, manholes, laterals and fire hydrants; show all existing and proposed utilities and appurtenances; detail/callout connection/stub out points; verify depth appropriate for pipe size/location; verify line data; ensure 5 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
looping provided as applicable; show pavement limits; show location of above and underground features; detail any necessary encasements at walls and medians; show meter/service location, separations, and size; show lot lines and numbers; verify hydrant/manhole/valve spacing, location, joints, sizes; verify DCDA spacing, location, joints, sizes; check elevations, slope, distances, stationing, size, materials, and crossings in profile; verify size per master plan; verify thrust restraint and AR/AV calculations; verify compliance with separation requirements; verify crossconnection requirements.

Final Parcel and Tract Maps
Verify overall format complies with Riverside County map manual; verify conformance with tentative map and conditions of approval; review and verify content of title report, vesting deed and Schedule B documents; verify content of title sheet and required certificates; verify dedications required by conditions of approval in owners’ certificate and acceptance thereof; verify survey procedure including location/description of existing monuments, review and verify closure calculations; basis of bearings, and methods of re-establishing monuments; measured and record bearings, distances and curve data; lots and streets numbered and named, lot width and depth, street dimensions and radii and cul-de-sac and knuckle design; monumentation for streets and lots, centerline intersection, EC/BC and center of cul-de-sac, distinct boundary and lot corners.

Maps, Survey/Legal Documents
Check to assure compliance with applicable provisions of the State Subdivision Map Act, Land Surveyor’s Act, City Municipal Code, Conditions of Approval and other City requirements, and all other applicable state statutes and local ordinances; review of map sheets for centerline control, lot closure calculations, mathematical accuracy, surveyor notes and symbols, monumentation per City Standards, and survey procedures; review of boundary retracement procedures and title reports; review of format statements and certificates; conformance to City’s preferred format and layout; review legal description for accuracy and proper acknowledgment of record and easement documents; review and verify closure calculations, review plat for proper identification of R/W, lot lines, easements and location of existing structures and utilities.

Hydrology and Hydraulics Calculations
Verify compliance with Flood Control methods and City requirements; verify design criteria; review and verify critical design values; review and verify model input/output and content of hydrology map; and verify narrative content. For hydraulic calculations, verify mainline, lateral and catch basin design flow, review and verify model input/output; verify methods of analysis; review design methods of catch basins, hydraulic structures and outlet protection; review maximum velocity, junction losses, freeboard and outlet conditions; and verify hydraulic data on storm drain plans.

Water Quality Management Plans
Verify stormwater management requirements applicable to the project, source control/site design, pollutant controls and hydromodification management; review performance requirements for source control and site design BMPs, storm water pollutant control BMPs and hydromodification management BMPs. For a Standard WQMP verify project information and ownership, construction storm water BMPs, post construction source control BMPs and post construction site design BMPs. For Priority Development Projects, verify onsite pollutant control BMPs or combination BMPs, BMP selection process and BMP sizing necessary to meet stormwater pollutant control standards.

Special Traffic Studies, Impact Analysis, Scoping Letters Confirm approval of scoping agreement; verify project characteristics; evaluate traffic forecasts and supporting data; review/verify existing conditions; review future conditions without the project including intersections and roadway segment analyses; review future conditions with the project including intersections and roadway segments analyses; review the transportation management plan; verify/review study intersections and roadway segments; review traffic forecasting for existing conditions, future growth, ambient growth, and related projects; review/verify future changes to the transportation network; verify methodology; and, verify trip generation and distribution.

Signing and Striping, Traffic Signal Plans
Review/verification of existing utilities, subsurface and overhead obstructions; construction notes and standard plan references; review pole locations, mast arm lengths; review/evaluate conduit layout and sizing, pull box locations; verify controller location and type, service connection, and pedestal location; review pole and equipment schedule, conductor schedule and phase diagram; verify location of loop detectors or video detection zones; review/verify directional and warning signage, street name signs (illuminated v. non illuminated); review and verify vehicle storage (que), striping, pavement markings, and advanced warnings. Review plans against current traffic engineering design standards, guidelines, and practices; City standards for street construction; City’s Guidelines for Bicycle Facilities; adhere to the Caltrans Highway Design Manual, Caltrans Traffic Manual, CA MUCTD and Caltrans Standard Plans and Specifications.

Engineering Cost Estimates
Verify format adheres to City requirements; verify all information called out for construction is included; check quantities against plan; verify construction notes correspond; verify correct unit costs; ensure contingency included; provide civil engineer’s stamp and signature.

Structural Review (Structures and Walls)
Review Geotechnical report and recommendations; review/verify design methods and assumptions; verify design criteria (i.e., bearing 6 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
pressure, passive pressure, wind loads); review and verify calculations and factor safety; verify footing dimensions, steel, and grout requirements; verify and evaluate existing/proposed improvements; verify field conditions and constraints; review/evaluate geotechnical data, limits of flooding; review alignment/geometry for compliance with accepted criteria, Caltrans requirements; review design and location/spacing of spread footings/pilings; review design and location of abutments and wing/retaining walls;eEvaluate drainage and drainage mitigation.

Erosion and Sediment Control Plans
Verify plan adheres to City requirements; verify WDID Number; verify perimeter protection; verify inlet protection; check BMPs with CASQA recommendations; verify retention basin and BMPs, show building locations/setbacks perimeter walls and retaining walls; verify stabilized construction entrance; verify equipment staging areas; verify materials storage areas; ensure offsite inlet protection where applicable.

Construction Detour Plans
Review plans against current traffic engineering design standards, guidelines, and practices; adhere to the Caltrans Highway Design Manual, Caltrans Traffic Manual, CA MUCTD, and Caltrans Standard Plans and Specifications; sign legend to be provided; review schedule and duration; ensure special provisions for schools and other facilities are met.

Street Light Plans and Voltage Drop Calculations
Verify conformance with the Standard Specifications for street lights, and drafting standards; verify location at intersections, along roadways, and placement within median islands; verify pole spacing and illumination requirements; verify pole height, mast arm length, and luminaire; verify foundation requirements and location, pedestal location, service points and availability of service; verify conduit layout, size, and material; verify circuit design; calculate voltage drop throughout system/circuit.

Soils Reports and Geotechnical Reports
Review and comment on private project geotechnical and geology reports including but not limited to soil stability, soil composition, liquefaction, compaction, foundations, etc.; review road structural calculations and any trench backfill recommendations; development of geotechnical and geology reports for limited special public projects, as well as peer review of geotechnical and geology reports; prepare review comments and conditions of approval of soils reports in a written format that is acceptable to the City; review responses to review comments provided by the developer’s soils engineer; work with developer’s soils engineer to resolve issues generated by review comments; attend meetings with the City, developers, builders, engineers, and consultants in a timely manner to resolve issues generated during the report review process or during construction; review soils reports submitted by the developer’s soils engineer for proposed changes during grading; provide technical support to the City for geotechnical engineering and geologic related issues on an as-needed basis; provide grading inspection services on an as-needed basis to ensure compliance with City approved plans and standards.

Additional Services
ERSC is accustomed to providing certain additional assistance services as a part of Plan Check services. Some of the commonly provided services are outlined below.

City Surveyor
ERSC acts as City Surveyor for numerous Cities in the Southern California region. As such, Erik Howard PE, PLS, will continue to provide this service to the City of Lake Elsinore. ERSC’s representative will sign and stamp maps on behalf of the City of Lake Elsinore.

Traffic/Transportation Engineering
Preparation of related plans, documents, and technical studies on the impact and mitigations related to traffic circulation in compliance with the City’s TIA Guidelines.

STC will act as a subconsultant to ERSC’s team, and its registered traffic engineers and transportation design personnel can field these tasks with compliance to all city and local requirements.

Project Review Schedule
The project schedule will be determined and maintained by the project applicant. The project review schedule shall be as stated in the RFP and as outlined below.

Submittal Standard Plan Review Plan Submittal
First Submittal 10 Working Days Electronic
Subsequent Submittals 5 Working Days
For expedited project review, the following schedule will apply.

Expedited Plan Review Plan Pickup Expediting Fee
50% of Standard Plan Review As soon as possible. 150% of Standard Fee 7 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
Work Flow Methodology
Comprehensive Electronic Record Keeping
All plan check information is saved on our network for access. Redlines, transmittals, emails, supporting documents, and tracking logs are all available to ERSC staff in a central location.

Plan Check Software & Bluebeam REVU
ERSC utilizes Bluebeam Review to perform all plan check redlines. The software facilitates clarity, precision, and speed in redlining plan check projects. ERSC has been utilizing Bluebeam in various capacities since 2017, with the complete migration of our team to the software in 2020.

We are aware of the City’s efforts to implement Bluebeam Studio to transmit plans for corrections and documenting changes. ERSC will adapt to the City’s preferred methods as implemented.

Comment Memo
As a part of the plan check process, ERSC summarizes all plan check comments in a memo format. Most frequently, our comments are summarized by sheet or section number and accompany the redlines with delivery. Some additional comments are occasionally included in the memos when requesting additional information or compliance with certain conditions of approval. The memo is compiled in word format to allow the engineer of record to reply to any ERSC comment.

Internal Tracking and Assignment
ERSC assigns plan checks to internal staff utilizing our dedicated plan review software platform. Plans are assigned to an engineer with the applicable due dates, notes, and other information. Upon review completion, the engineer will assign to QA/QC, who will review and add additional comments as necessary. When QA/QC is complete, the QA/QC will assign to admin staff for package and electronic delivery. This system allows ERSC to monitor status on a per-client and per-project basis to allow for adherence to established schedules and quality expectations.

Electronic Capabilities
ERSC provides successful electronic plan check delivery to most clients utilizing our internal Sharefile system. The current system facilitates delivery, receipt, and City access to files, developer restrictions to only their files, and notifications of uploads and deliveries. In addition, City staff have been provided credentials to access files as needed for their reference.

Task Order Accounting
ERSC is familiar with the accounting for charges in plan check projects on a task order basis. We utilize Deltek Ajera (ERP), a Financial Management System that tracks time and expenses in real time. Using ERP, ERSC assigns each task an individual phase number in the system using City’s tracking/file information and the project name. Every hour logged on a time card is instantly reflected in our system.

This allows our project managers to control budgets as the project progresses. Upon invoicing, the City can reference each project’s charges by its tracking/file information and the project name as well as an overall cost accounting for the billing period. Hours spent, billing rates, and overall charges by project and team member are all available for reference on each invoice and in the ERP system. 8 Services Description
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
ERSC Plan Check Process
9 Schedule of Fees
38 Schedule of Fees
Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
The below provides information regarding ERSC’s fees to perform Plan Checking Services in the City of Lake Elsinore. The below fees are intended to duplicate those in the RFP. ERSC currently works within the presented fee structure in the City and will be able to seamlessly transition to a new contract without interruption. We have also included ERSC’s Schedule of Hourly Billing Rates to be applied during assignments that may require work on a time and materials basis.

I. Grading and Drainage Plans
Cubic Yards Current City Grading Plan Check Fee ERSC Fee Expedited Fee 100 Cubic Yards or Less $200.00 85% 150% of Standard
101 – 1,000 Cubic Yards $220.00 for the first 100 cubic yards, plus $50.00 for each additional 100 cubic yards or fraction thereof x 91%
85% 150% of Standard
1,001 – 10,000 Cubic Yards $670.00 for the first 1,000 cubic yards, plus $50.00 for each additional 1,000 cubic yards or fraction thereof x 91%
85% 150% of Standard
10,001 – 100,000 Cubic Yards $1,120.00 for the first 10,000 cubic yards, plus $190.00 for each additional 10,000 cubic yards or fraction thereof x 91%
85% 150% of Standard
100,001 – 400,000 Cubic Yards $2,830.00 for the first 100,000 cubic yards, plus $110.00 for each additional 100,000 cubic yards or fraction thereof x 91% 85% 150% of Standard
Over 400,000 Cubic Yards $6,130.00 for the first 400,000 cubic yards, plus $110.00 for each additional 100,000 cubic yards or fraction thereof x 91% 85% 150% of Standard
REVISIONS to approved plans $450.00 per sheet 85% 150% of Standard II. Road, Street, and Utility Improvement Plans
Subdivision /Commercial Estimate Current City Plan Check Fees ERSC Fee Expedited Fee 0-$50,000 4.5% 85% 150% of Standard
$50,000-$300,000 4.0% 85% 150% of Standard
$300,000-$700,000 3.5% 85% 150% of Standard
$700,000-$1,000,000 3.0% 85% 150% of Standard
$1,000,000 and greater 2.5% 85% 150% of Standard
Revised or Redesigned Public Works Improvement Plans $450 per sheet 85% 150% of Standard Streetlights as separate plan check, Traffic Signing & Striping, Traffic Control, Haul Route Plans (as part of improvement plan set) $450 per sheet 85% 150% of Standard
Traffic Control as part of encroachment permit application (11x17) Per hour rate for review Per attached rate sheet. 150% of Standard Non Subdivision-Single Family Residential Current City Plan Check Fees ERSC Fee Expedited Fee Public Works Improvement Plans-Based On Engineer’s Estimate 7.5% 85% 150% of Standard III. Other Plan Checks
Other Plan Checks Current City Plan Check Fees ERSC Fees Expedited Fee Final Tract Map $1,700 + $55 per lot 85% 150% of Standard Parcel Map $1,600 + $45 per lot 85% 150% of Standard
Redesigned Tract/Parcel Maps in Process $450 per sheet 85% 150% of Standard Revised Approved Tract/Parcel Maps $450 per sheet 85% 150% of Standard Lot Line Adjustments-Two Lots Only $400 85% 150% of Standard Lot Line Adjustment-More than two lots $500 + $55 per lot 85% 150% of Standard Dedication: Easement, Right of Way $440 85% 150% of Standard Certificate of Compliance $450 85% 150% of Standard
Parcel Merger $400 + $25 per lot 85% 150% of Standard
Street Abandonment/Vacation $1,100 85% 150% of Standard Certificate of Correction $450 85% 150% of Standard
Water Quality Management Plan (WQMP) Review - PRELIMINARY $1,750 85% 150% of Standard Water Quality Management Plan (WQMP) Review - FINAL $1,750 85% 150% of Standard Hydraulic and Hydrology Report $1,200 85% 150% of Standard Soils/Geotechnical Report $1,200 85% 150% of Standard
39 Years of Service
Celebrating
Engineering Resources of Southern California, Inc.

Since 1996
Engineering Resources of Southern California, Inc. | Schedule of Rates Professional Staff
President ........................................................................... $285.00 Vice President.................................................................... $245.00 Sr. Principal Engineer......................................................... $240.00 Principal Engineer.............................................................. $215.00 Assistant Principal Engineer .............................................. $200.00 Engineer V ......................................................................... $180.00 Engineer IV ........................................................................ $165.00 Engineer III ........................................................................ $150.00 Engineer II ......................................................................... $135.00 Engineer I .......................................................................... $120.00 Engineering Staff
Principal Engineering Associate......................................... $195.00 Senior Engineering Associate ............................................ $175.00 Engineering Associate V .................................................... $155.00 Engineering Associate IV ................................................... $135.00 Engineering Associate III.................................................... $125.00 Engineering Associate II..................................................... $110.00 Engineering Associate I...................................................... $105.00 Engineering Aide II .............................................................. $60.00 Engineering Aide I ............................................................... $55.00 Survey Staff and Services
Principal Surveyor.............................................................. $200.00 Senior Surveyor................................................................. $165.00 Surveyor III ........................................................................ $130.00 Surveyor II ......................................................................... $115.00 Surveyor I .......................................................................... $100.00 2-Man Survey Crew (Std Equipment/Truck)...................... $300.00 1-Man Survey Crew (Std Equipment/Truck)...................... $235.00 3rd Man on Survey Crew................................................... $130.00 Construction Support Staff
Construction Manager....................................................... $200.00 Chief Construction Inspector............................................. $155.00 Sr. Construction Inspector................................................. $145.00 Construction Inspector...................................................... $135.00 Inspector Overtime (Hours 8-12/Saturdays) ..................... $185.00 Inspector Overtime (Hours 12+/Sundays)......................... $220.00 Administrative Staff
Operations Manager ......................................................... $110.00 Operations Specialist........................................................... $95.00 Administrative Assistant II ................................................... $85.00 Administrative Assistant I.................................................... $75.00 Other Direct Expenses
Vehicle Mileage ................................................ $0.70/Mile Subconsultant................................................... Cost + 20% Reimbursable Expenses/Charges ..................... Cost + 15% Forensic Analysis ................................. Standard Rate X 2 Expert Witness .................................... Standard Rate X 3 NOTE: All rates hereon are subject to
automatic increase upon July 1st of each
year. Rates will be adjusted by the percent
increase in California Consumer Price IndexAll Urban Consumers for the twelve-month period ending February as calculated by the California Department of Industrial Relations (CADIR) California Consumer Price Index Calculator. Prevailing Wage Rates are dictated by the CADIR.

All classifications which are subject to Prevailing Wages will be adjusted when revised determinations are published by the CADIR.

Unless otherwise established by contractual agreement,
payment is due and payable upon receipt. Payment is considered delinquent if not paid within 30 days of invoice date. If payment is not completed within agreed terms, Client agrees to pay a service charge on the amount past due at the rate of 1.5% per month (18% per annum).

January 1, 2023
40 FEE SCHEDULE
Executive/Management Classifications Hourly Rate
Principal‐In‐Charge $270
Senior Principal Manager $250
Principal Manager $230
Senior Project Manager $210
Project Manager $190
Professional Engineering Classifications
Principal Engineer $220
Senior Project Engineer $200
Project Engineer $180
Associate Engineer $150
Assistant Engineer $120
Professional Planning Classifications
Principal Planner $190
Senior Project Planner $170
Project Planner $150
Associate Planner $130
Assistant Planner $110
Technical/Specialized Classifications
Senior Technical Specialist $200
Construction Manager $190
Project Technical Specialist $180
Construction Engineer/Inspector $170
Other Classifications
Intern $90
Expert Witness $350
STC Traffic is a local business and there are no direct costs for mileage.

Outsourced reimbursable expensessuch as printing and reproduction, deliveries and overnightshipping, computerized plotting, materials, etc., will be charged to the client at the consultant’s cost without mark‐ up.
41 Years of Service
Celebrating
E
n
gin
eering
Resources of Southern Californi
a, In
c.

Since 1996

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Charles Abbott Associates Page 1

AGREEMENT FOR PROFESSIONAL SERVICES
Charless Abbott Associates, Inc.

Plan Check Services
This Agreement for Professional Services (the “Agreement”) is made and entered into as of June 27, 2023, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Charles Abbott Associates, Inc., a corporation ("Consultant").

RECITALS
A. The City has determined that it requires the following professional services:

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

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Attn: Rusty R. Reed
27201 Puerta Real #200
Mission Viejo, CA 92691

19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

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30. Amendments. This Agreement may be modified or amended only by a written document executed by both Consultant and City and approved as to form by the City Attorney. [Signatures on next page]

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
“CONSULTANT”
Charless Abbott Associates, Inc., a
Corporation

By: Rusty R. Reed
Its: President
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]
Charles Abbott Associates, Inc.
27201 Puerta Real #200
Mission Viejo, CA 92691
Toll Free: (866) 530-4980
www.caa.inc

PROPOSAL TO PROVIDE
Plan Check Services for
Engineering Department
City of Lake Elsinore
Engineering Department
130 South Main Street
Lake Elsinore, California 92530
Due Date: March 24, 2023 by 3:00 p.m.
professional government services 2
Table of Contents
Cover Letter............................................................................................................................... 3 Description of Services............................................................................................................ 5 List of Current Clients .............................................................................................................. 9 Professional Services Agreement......................................................................................... 14 Insurance Coverage ............................................................................................................... 15 History of Organization .......................................................................................................... 16 Resumes.................................................................................................................................. 18 Organizational Structure........................................................................................................ 27 professional government services 3
Cover Letter
Charles Abbott Associates, Inc. (CAA) is pleased to offer Plan Check Services for Engineering Department to the City of Lake Elsinore (City). CAA has been providing these services to the City since 2020, and hopes to continue our relationship for many years to come.

CAA is exceptionally well qualified to provide civil engineering plan check services, including plan check of commercial, industrial, and residential developments to the City. Our experience in development review includes review starting at the entitlement stage and runs through construction document preparation, construction, and inspection. We have experience in a full range of different types and sizes of development, ranging from single rural properties to master planned communities, mixed-use developments, planned unit developments and industrial/commercial business parks, to name a few.

Our team of highly qualified and experienced staff has provided similar services to many cities and counties and brings numerous combined years of related experience to the table. California registered civil engineers, licensed land surveyors, and environmental scientists are available to provide back-up to the project and to meet the varying workload demands of the City. All work will be performed under the direction of a licensed engineer registered with the State of California who will review plans for compliance with all applicable codes, regulations, guidelines, and permits regarding grading, water quality, tract maps, parcel maps, street improvements, and other plan check services as required for engineering and development projects.

The proposed team has many years of experience reviewing grading plans (rough and precise), stormdrain, water and sewer plans, street improvement plans, and traffic plans. As part of the review process, we also review hydraulic and hydrology reports, soil reports, structural calculations, engineering reports, and traffic studies for compliance with state and local rules and regulations, as well as general engineering practice.

CAA will provide plan check services for projects including but not limited to the following:
• Rough/Precise Grading
• Street Improvements
• Subdivision Maps
• Final Tract/Parcel Maps/Legal Descriptions
• Hydrology/Hydraulic
• Geotechnical
• Water Quality Management Reports
• Erosion Control
CAA's team is structured to allow flexibility in manpower and will match fluctuating workloads and priorities with proper staffing. Short-term fluctuations are leveled out through temporary use of other CAA personnel brought in for peak periods. Long-term needs are met through the addition or removal of trained staff, with City approval, as well as finding more efficient ways to manage and accomplish existing work.

Our on-call plan checking service is provided by full-time and part-time plan checkers, civil as well as structural and non- structural reviewers, throughout each region and available to meet additional workload as required. CAA plan reviewers are proficient in the use of different software systems as well as Adobe Acrobat for electronic plan review. If requested by the City, CAA will provide daily pick-up and delivery of plans and specifications via a shipping service such as On-Trac or Eclipse at no additional cost to the City. Plans will be picked up and logged in the CAA plan review tracking system before being routed to the appropriate plan checker for review. CAA currently performs engineering, building and safety, and environmental plan check for cities in California, Nevada, Colorado, Florida and Georgia at our corporate office in Mission Viejo. professional government services 4
CAA employs only highly qualified licensed and registered professionals with extensive construction experience.

Our plan review staff works closely with engineers, architects, and designers, providing greater insight as to the constructability of design and the adherence to State and Federal codes, City rules and regulations, Subdivision Map Act and acceptable engineering practices. Our corporate headquarters as well as our plan review office where we have full-time and part-time plan reviewers available to meet additional workload as required has been located in Mission Viejo, CA for the past 16 years. The presence of our local employees gives us the ability to provide additional staff without delay if workload increases or emergencies arise.

This proposal shall remain valid for a period of not less than 120 days from the date of submittal, as requested by the City. By signing this letter of transmittal, CAA attests that all information submitted with the RFP is true and correct to the best of our knowledge. If there are any questions, or if any additional information is needed, please contact Mike Podegracz directly at (949) 421-8447.

Sincerely,
CHARLES ABBOTT ASSOCIATES, INC.

Rusty R. Reed, PE, President
professional government services 5
CAA exclusively serves public agencies and is extremely proud of the track record and length of time we have continuously provided high quality, responsive, cost effective, and customer-oriented services to our clients.

CAA understands the City is seeking the support of an engineering plan checking consultant for to provide on-call civil engineering plan checking services of commercial, industrial, and residential engineering for compliance with State, County, and City codes and requirements. CAA expects most of the work to be done from our corporate headquarter in Mission Viejo and will provide all materials, resources, tools and training required for our professionals to perform their assigned duties, including vehicles, cell phones, iPads, and other technology devices that enhance our service. All of our services as well as any associated costs for labor, materials, equipment and supplies necessary to provide these services are included in our fees.

CAA has the resources available to meet the City’s needs. We guarantee that we will commit the necessary resources required to achieve high-quality, fast turnaround plan check reviews. We take our commitment to superior services very seriously and undertake each project with a solemn professional obligation to serve the City and the owners, developers, engineers, and builders who process plans through the City’s plan review process.

We have staff currently operating in and providing services for state and local governments in California with fast response time and maximum efficiency. We will have daily pick-up and delivery via a delivery service or complimentary over-night mail service available in addition to web based digital review throughout the life of the contract, as well as web based mail, data, and plan review services. CAA will provide guaranteed plan check turnaround times that will meet or exceed the City’s expected review timeframe, and will provide on-call emergency staff as needed. Our staffing levels will remain proportionate with the City’s workload and ensure that all plan checks are conducted in an efficient and courteous manner that is responsive to the needs of the City and the public.

CAA proposes to perform all tasks associated with private development and engineering plan review. CAA will provide electronic review of project documents where possible using the City’s existing Bluebeam Revu software and meet with City staff or conduct field project reviews as needed. Our staff is technically qualified, trained, properly licensed and certified to provide all private development and engineering plan check services to meet the City’s workload needs. Key resources that will be utilized during plan check include the City’s Engineering Design Guidelines Manual, City BMP Manual, the City Municipal Code, and all other applicable State and City regulations and ordinances. Services provided include:

1. CAA will provide Digital Plan Checking Services for Private Development Projects, including grading, erosion control, streets, storm drain, sanitary sewers, reviewing and conditioning of land divisions and development – residential, commercial, and industrial plan checking; drainage and hydraulics/hydrology reviews according to City and State methodologies, lot line adjustments, tract and parcel map reviews, water quality management plans, and assuring condition compliance.

2. CAA will review plan check submittal items and reports, including road structural section calculations; hydrology and hydraulic calculations; street layout and design; structure calculations not under building permit purview; traffic reports; and quantity estimates as well as soil reports, grading, subdivision maps, erosion control, streets, sewer, storm drain, traffic signal, street lightning, retaining walls, and NPDES requirements.

Description of Services
professional government services 6

3. CAA will provide the review of Technical Specifications for Proposed Improvements in City Road Right of Way, including preparation and review of traffic signal, signing, striping and marking plans as required, trench backfill and restoration, street lights, and road structural section components.

4. CAA will ensure the completeness of submittals and document any deficiencies as needed. Our team will conduct site visits as necessary and interact with City personnel and private contractors to resolve any issues and answer any questions. CAA will review plans for sound engineering practices and provide detailed plan check of the assigned project plans in accordance with applicable laws, standards, adopted codes and amendments. CAA will ensure accuracy of design in conformance with the City’s most current Plan Check Lists, and will provide and retain digital lists of corrections and redlines.

5. CAA will perform other related engineering services as requested by the City. Services such as site visits and plan & map preparations that do not fall under plan checks will be provided at an additional hourly rate.

6. CAA will sign maps in the capacity of City Surveyor, as requested.

7. CAA understands the importance of timely reviews and the cost to the development community caused by delays attributed to plan-check reviews, and pride ourselves on our ability to adhere to expected performance schedules at all times. CAA will review and return plans in less than 10 business days for initial submittals for both small and larger projects. Resubmittals will be reviewed within 5 business days or less. CAA does not anticipate third submittals; however, should they occur, these will be reviewed within 3 days or less. Although it is anticipated that submittals will be digital, CAA will pick-up and deliver plans and correspondence to and from the City at no additional charge to the City. Expedited plan review is available at an additional charge.

PLAN REVIEW TIMEFRAMES
1st Plan Check 10 Working Days
2nd Plan Check 5 Working Days
3rd Plan Check 1-5 Working Days

8. CAA will check general mathematics and design criteria, and call for redesign of any portion of plans that show poor engineering, do not comply with the Approved Tentative Map or Conditions of Approval, might be potentially unsafe, or are impractical to build.

9. CAA accepts the City’s fee schedule and will receive 85% of the fee collected by the City for the plan check and other services covered under this proposal. For work not covered under the current scope, our Standard Fee Schedule is included below.
professional government services 7

ENGINEERING/PUBLIC WORKS HOURLY BUILDING & SAFETY HOURLY

CLASSIFICATION RATES CLASSIFICATION RATES
Principal Engineer 193.00 Principal Building Official 160.00 City Engineer 149.00 Building Official 138.00
Project Manager 160.00 Senior Building Inspector* 116.00 Senior Engineer 154.00 Building Inspector/Plan Checker 107.00 Project Engineer 145.00 Building Inspector* 99.00
Associate Engineer 121.00 Permit Specialist 73.00
Code Enforcement Officer 83.00
Senior Design Engineer 127.00
Assistant/Design Engineer 108.00 COMMUNITY DEVELOPMENT HOURLY

CLASSIFICATION RATES
Senior Plan Check Engineer 138.00
Plan Check Engineer 116.00 Community Development Director 160.00 Principal Planner 160.00
Senior Traffic Engineer/Manager 165.00 Senior Planner 140.00 Transportation Planner 121.00 Associate Planner 120.00
Traffic Engineer Associate 105.00 Assistance Planner 105.00 Planning Technician 90.00
3-Person Survey Crew 297.00 Code Enforcement Officer 83.00 2-Person Survey Crew 231.00

OTHER HOURLY
Senior Draftsperson (CADD) 105.00 CLASSIFICATIONS RATES Draftsperson (CADD) 94.00
Landscape Architect Director 138.00
Senior Public Works Inspector* 116.00 Associate Landscape Architect 105.00 Public Works Inspector* 105.00 Expert Witness Services 330.00 Senior Contract Administrator 121.00
STORM WATER HOURLY Administrative Assistant 66.00
CLASSIFICATION RATES Clerical 55.00
Environmental Project Manager 165.00
Environmental Program Manager 125.00
Environmental Plan Checker 145.00
Associate Env. Plan Checker 115.00
Environmental Analyst 105.00
Environmental Associate 95.00
Environmental Inspector 90.00
The above hourly rates include general and administrative overhead and fees and employee payroll burden. Rates are subject to an annual adjustment based upon increases adopted by Charles Abbott Associates, Inc. as reflected in the Consumer Price Index (CPI).
*The Hourly Rates identified are for Non-Prevailing Wage project inspection. Hourly Rates for Prevailing Wage project inspection will be $157.00 for regular time; $198.00 for overtime on Mondays through Saturdays; and $248.00 for overtime on Sundays and Holidays. Prevailing Wage rates are subject to increases pursuant to the State of California’s Department of Industrial Wage Rate Determinations.
professional government services 8

10. CAA will provide all the required correspondence on initial and subsequent reviews. Each plan review will be accompanied with a letter summarizing any red-line comments. This letter can be addressed through the City Engineer, assigned staff, or directly to the Designer, based upon the City’s preference. A complete redlined set of drawings and any reports will be returned to the designer for their correction. Final approved documents and mylars with plan checker initials will be sent to the City at the end of the process.

11. CAA will ensure accuracy of design in conformance with the City’s most current Review Checklists. Our plan check team is thoroughly versed in the latest adopted California Building Code, Greenbook, Caltrans Specifications, Highway Design Manual, Hydrology and Local Drainage Manuals, and various other design guidelines, and will familiarize themselves with any and all City Standards and amendments so that we may provide outstanding service in line with the expectations of the City. Our team can also draw on experience with other client cities to suggest different strategies or work on resources to enhance the City’s plan check process.

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Willdan Engineering Page 1

AGREEMENT FOR PROFESSIONAL SERVICES
Willdan Engineering
Plan Check Services
This Agreement for Professional Services (the “Agreement”) is made and entered into as of June 27, 2023, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Wildan Engineering, a corporation ("Consultant").

RECITALS
A. The City has determined that it requires the following professional services:

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

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19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

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Lake Elsinore City CouncilJune 27, 2023

Lake Elsinore City Council
June 27, 2023