Agenda packet — Lake Elsinore City Council, January 9, 2024 (part 1 of 5)

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

January 09, 2024
Closed Session: NONE
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

Meeting Information
Meetings are held on the 2nd and 4th Tuesday of every month, and the agenda is posted 72 hours prior to each meeting outside of City Hall. The agenda and related reports are also available on the City’s website at www.Lake-Elsinore.org. Meetings are conducted in person, televised live on Spectrum Cable Station Channel 29 and Frontier Cable Channel 31, and streamed online at http://www.lake-elsinore.org/city-government/city-council/webcast-videos. If you are attending the meeting in person, please park in the parking lot across the street from the Cultural Center to assist us in limiting the impact of meetings on the Downtown Business District. Thank you for your cooperation.

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

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

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 6743124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility
City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 2
Dream Extreme 2040 is the City’s FIRST long-term strategic plan to assist the City in its pursuit of achieving its vision. The plan is a living document that will be updated regularly and serve as the framework to guide all decision-making over the next 20 years by identifying key Anchors, Aspirations, and Strategies.

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

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

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

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

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

City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 3
CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

MOMENT OF SILENCE

ROLL CALL

PRESENTATIONS/CEREMONIALS
1) Clean Cities Community Outreach
Receive a presentation from the Western Riverside Council of Governments. 2) Lake Elsinore Thunder Football & Cheer
Present Certificates of Recognition to the 2023 Junior All-American Football of Southern California, Division 1A Micro Champions.

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
3) Minutes of the Special and Regular City Council Meetings of December 12, 2023 Approve the Minutes.
4) CC Warrant Report Dated November 17, 2023, to December 07, 2023 Receive and File.
5) CC Warrant Report Dated December 08, 2023, to December 14, 2023 Receive and File.
6) CC Investment Report for September 2023
Receive and file the Investment Report for September 2023. 7) Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Community Facilities District No. 2023-2 of the City of Lake Elsinore (Coastal Mission Trails)
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE ELSINORE (COASTAL MISSION TRAILS) AUTHORIZING THE LEVY OF SPECIAL TAXES.

City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 4
8) Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation No. 19 into Community Facilities District No. 2015-2 (Maintenance Services) for Coastal Mission Trails
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES), AMENDING ORDINANCE NO. 2016-1359 AND AUTHORIZING THE LEVY OF SPECIAL TAXES.
9) Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation No. 20 into Community Facilities District No. 2015-2 (Maintenance Services) for Alberhill
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES), AMENDING ORDINANCE NO. 2016-1359 AND AUTHORIZING THE LEVY OF SPECIAL TAXES.
10) Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation No. 21 into Community Facilities District No. 2015-2 (Maintenance Services) for Lake Storage
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES), AMENDING ORDINANCE NO. 2016-1359 AND AUTHORIZING THE LEVY OF SPECIAL TAXES.
11) Authorization to Apply for Additional Unclaimed Funds Under the Community Development Block Grant (CDBG) Set Aside Funds for Project Homekey Projects Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, APPROVING AN AMENDMENT TO THE STANDARD AGREEMENT ISSUED UNDER THE 2020 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM CORONAVIRUS RESPONSE (CDBG-CV).
12) Public Works Agreement with Elliott Drilling Services, Inc. for the Site Grading of the New City Hall Project (CIP Project #Z20006)
Approve and authorize the City Manager to execute a public works agreement with Elliott Drilling Services, Inc. in an amount not to exceed $398,500.00 for the site grading of the new City Hall Project (CIP Project #Z20006) 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 $39,850.00 for construction uncertainties and adjustments. 13) City Council Meeting Dates for 2024
Review the 2024 meeting dates and approve canceling the Regular meetings of November 26 and December 24, 2024.

City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 5
14) Reappointments to the Measure Z Citizens Committee
Reappoint Edwin Castro (District 2) and Jimmy Gist (District 5) to serve on the Lake Elsinore Measure Z Citizens Committee for a term expiring December 31, 2025. 15) Mayor’s Recommended Council Appointments
Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and Ad-Hoc Committees.
16) Agreement for Contractor Services with Ballard Marine Construction for Installation of Electrical Equipment and Barge Anchorage

1. Approve and authorize the City Manager to execute the Contractor Services Agreement with Ballard Marine Construction in an amount not to exceed $656,590 for installation of electrical equipment and barge anchorage 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 $65,659 for uncertainties and adjustments.

2. Waive the formal bidding process per Municipal Code Section 3.08.070(G) for the contractor services to be performed by Ballard Marine Construction given the highly specialized work, essential heavy equipment and unique qualifications of the contractor.
17) Notice of Decision – Planning Commission Approval of Planning Application No. 2023-40 (Inland Boat Center) Approving a Conditional Use Permit in connection with the establishment of a new boat dealership in an existing 126,661 sq. ft. building with a 29,895 sq. ft. outdoor display area and a 38,736 sq. ft. outdoor storage area located at 31700 Grape Street
Receive and file the Notice of Decision for Planning Application No. 2023-40 approved by the Planning Commission on December 5, 2023.
18) Professional Services Agreement with Michael Baker International Inc. for On-call Contract Planning Services
Approve and authorize the City Manager to execute an Agreement for Professional Services with Michael Baker International Inc. to provide on-call contract planning services in the amount of $280,800, in such final form as approved by City Attorney. 19) Construction Agreement with CalCom Roofing, Inc. for Roof Replacement at City Hall (CIP Project #Z20005)
Approve and authorize the City Manager to execute a Construction Agreement with CalCom Roofing, Inc. for Roof Replacement at City Hall in an amount not to exceed $199,000.00 in such final form approved by the City Attorney.

City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 6
20) Change Order No. 1 to the Public Works Agreement for the Site Grading of the New City Hall Project (CIP Project #Z20006)
Approve and authorize the City Manager to execute Change Order No. 1 to the Public Works Construction Agreement with Edmondson Construction Company in an amount not to exceed $95,625.00 for additional grading, excavation, and compaction work on the building as approved by the City Attorney.
21) Award a Public Works Agreement to Interstate Striping, Inc. for the Annual Traffic Striping Maintenance Program (CIP Project #Z10004)
Approve and authorize the City Manager to execute a Public Works Agreement with Interstate Striping, Inc., in an amount not to exceed $373,674.00 for the Annual Traffic Striping Maintenance Program (CIP Project #Z10004) in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $37,367.00 for uncertainties and adjustments. 22) Agreement with Tint Solutions, Inc. for Window Tinting Services Citywide Approve and authorize the City Manager to execute the Contractor Services Agreement with Tint Solutions, Inc. in an amount not to exceed $15,000.00 per Fiscal Year for a term of (3) years in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $1,500.00 for unanticipated costs.
23) Purchase of Real Property for Murrieta Creek Trail Project (APN 371-100-003) Approve the purchase of an approximately 2.17-acre parcel for the Murrieta Creek MultiUse Trail Project (APN 371-100-003) for $104,000 plus ancillary closing costs and authorize the City Manager to execute an assignment of the Purchase Agreement and such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney.
24) Amendment No. 1 to Agreements for Minor Construction and Maintenance Operations
Approve and authorize the City Manager to execute Amendment No. 1 to the Agreements with Endresen Development, Inc. in an amount not to exceed $250,000, Cotter Construction, Inc. in an amount not to exceed $250,000, B&B Nurseries, Inc. (dba Landscape Center) in an amount not to exceed $75,000, and Pursuit Electric in an amount not to exceed $75,000 in such final form as approved by the City Attorney.

SUCCESSOR AGENCY CONSENT CALENDAR
25) Minutes of the Regular Successor Agency Meeting of December 12, 2023 Approve the Minutes.
26) SA Warrant Report Dated November 17, 2023, to December 07, 2023 Receive and File.

City Council Agenda - Final January 09, 2024
City of Lake Elsinore Page 7
27) SA Warrant Report Dated December 08, 2023, to December 14, 2023 Receive and File.
28) SA Investment Report for September 2023
Receive and file the Investment Report for September 2023. 29) Change Order No. 1 to the Public Works Agreement for the Diamond Club Kitchen & Beverage Services Area ADA Accessibility Remodel Project CIP, Project No.

Z20003.

Approve and authorize the Executive Director to execute Change Order No. 1 to the agreement between Unique Builders of California Inc. and the City of Lake Elsinore in an amount not to exceed $225,195.60 for additional remodel and reconstruction work for the Diamond Club Kitchen and Beverage Services Area ADA Accessibility Remodel Project as approved by the City Attorney.
30) Tenth Amendment to Stadium Interim Management Agreement

1. Find that the Tenth Amendment is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15301 of the State CEQA Guidelines; and

2. Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA,

APPROVING A TENTH AMENDMENT TO THE STADIUM INTERIM

MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AND THE LAKE ELSINORE STORM LP.
31) Recognized Obligation Payment Schedule (ROPS 24-25) for July 1, 2024 through June 30, 2025

1. Find that the project is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of the State CEQA Guidelines; and

2. Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 24-25) AND ADMINISTRATIVE BUDGET FOR JULY 1, 2024 THROUGH JUNE 30, 2025.

PUBLIC HEARING
32) AB1600 Annual Report for Fiscal Year 2022-23
Receive and file the AB 1600 Annual Report and adopt the findings therein.

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 January 09, 2024
City of Lake Elsinore Page 8

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, January 23, 2024 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, January 4, 2024.

_________________________
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: Jason Simpson, City Manager
Date: January 9, 2024
Subject: Lake Elsinore Thunder Football & Cheer
Recommendation
Present Certificates of Recognition to the 2023 Junior All-American Football of Southern California, Division 1A Micro Champions.

Page 1 of 1 ends

Attachments
Attachment 1 – Special Meeting Draft Minutes
Attachment 2 – Regular Meeting Draft Minutes
City of Lake Elsinore
Special 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:

December 12, 2023
Study Session: 5:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 5:00 P.M.

The Special Meeting of the City Council was called to order at 5:03 p.m.

ROLL CALL

Present: 4 - Council Members Tisdale, Sheridan, and Magee; and Mayor Johnson

Absent: 1 - Mayor Pro Tem Manos

PUBLIC COMMENTS
There were no speakers.

BUSINESS ITEM
1) General Plan Update
Discuss and provide direction to staff regarding the General Plan Update.

Assistant Community Development Director Abraham introduced MIG Consulting staff who began the discussion.

Mayor Pro Tem Manos arrived at 5:29 p.m.

ADJOURNMENT
The Lake Elsinore City Council adjourned at 6:01 p.m. to the next Regular meeting of Tuesday, December 12, 2023 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 6:00 p.m. and the regular Open Session business meeting will commence at 7:00 p.m.

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:

December 12, 2023
Closed Session: 6:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 6:00 P.M.

The Regular Meeting of the City Council was called to order at 6:01 p.m.

ROLL CALL

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

Absent: 0 - None

PUBLIC COMMENTS FOR CLOSED SESSION ITEMS
There were no speakers.

CLOSED SESSION
A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 374-072-012, -014, -015 and -016
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Familia Del Nuevo Nacimiento Under negotiation: Price and terms of payment
B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 374-072-013
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Ignacio Munguia Rodriguez and Blanca Delgado
Under negotiation: Price and terms of payment
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 2

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

PLEDGE OF ALLEGIANCE
Mayor Pro Tem Manos led the Pledge of Allegiance.

MOMENT OF SILENCE

ROLL CALL

Present: 5 - Council/Agency Members Tisdale, Sheridan, and Magee; Mayor Pro Tem/Vice Chair Manos; and Mayor/Chair Johnson

Absent: 0 - None

CLOSED SESSION REPORT
City Attorney Leibold reported that two items were discussed; however, no reportable action was taken.

PRESENTATIONS/CEREMONIALS
1) Recognition of Lakeside High School Physics Class
Recognize Lakeside High School's "The MEG" Team for building a boat out of only cardboard and tape for the Physics "Regatta" project.

Mayor Johnson presented certificates to the students.
2) Dream Extreme Future Leaders
Present Certificates of Recognition to the 2023 Dream Extreme Future Leaders Program Participants.

Mayor Johnson presented certificates to the students.
3) Elsinore Strong Awards
Plaques were presented by each Council Member to Sandra Valles-Metzger, Matt Norkin, Matthew Dobler, and Myles Ross. It was noted that Shaun Brock will also receive a plaque. 4) Grand Marshal Recognition
Drew Jaime presented an award to Mayor Johnson for being the Grand Marshal in the 2022 Canyon Hills Christmas Parade.
5) Storm Ready
Emergency Services Manager Mesa presented an update on being prepared for storms in the coming months.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 3
PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
City Clerk Alvarez noted seven written communications regarding the Lansing warehouse were received, entered into the record, and distributed to the City Council.

Paulie Tehrani was called to speak.

Ace Vallejos was called to speak.

CITY COUNCIL CONSENT CALENDAR
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to approve the City Council Consent Calendar. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
6) Minutes of the Regular City Council Meeting of November 14, 2023 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 7) CC Warrant Report Dated October 20, 2023 to November 02, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 8) CC Warrant Report Dated November 03, 2023 to November 16, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 9) Second Reading of an Ordinance Authorizing WRCOG to Calculate and Collect Fees Under the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING LAKE ELSINORE MUNICIPAL CODE SECTION 16.83.060 TO AUTHORIZE WRCOG TO

CALCULATE AND COLLECT FEES UNDER THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAM.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 4
10) Approve and authorize the City Manager to execute Amendment No. 2 to the Franchise Agreement with CR&R Incorporated, subject to minor modifications as approved by the City Attorney.

Approve and authorize the City Manager to execute Amendment No. 2 to the Franchise Agreement with CR&R Incorporated, subject to minor modifications as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 11) Parcel Map 37550, Lake Street Storage
Approve Parcel Map 37550 subject to City Engineer’s acceptance as being true and correct, and authorize the City Clerk to sign the map and arrange for the recordation of Parcel Map 37550.

This item was approved on the City Council Consent Calendar. 12) TUMF Fee Credit/Reimbursement Agreement for Transportation Improvements Constructed by Pulte Home Company, LLC for Alberhill Ranch Tract 28214-9 Single Family Residential Project
Approve and authorize the Mayor to execute an Improvement Credit/Reimbursement Agreement with Western Riverside Council of Governments and Pulte Home Company, LLC in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 13) Three-year Agreement with Graffiti Tracker for the Uploading, Processing, and Analysis of Graffiti
Approve and authorize the City Manager to execute a Professional Services Agreement in the amount of $11,000.00 annually for three years in an amount not to exceed $33,000.00 based on the volume of photographs taken by the graffiti abatement crews and equipment costs in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 14) Acceptance of the Fellowship Grant from Stanford Impact Labs Approve and authorize the City Manager to execute an agreement with Stanford Impact Labs for a fellowship grant in the amount of $50,000 to the City of Lake Elsinore for a project entitled Evidence for Policy Fellowship in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 5
15) Purchase of One (1) Electric Boom Lift and Two (2) Mobile LED Light Towers Approve and authorize the City Manager to execute a Purchase Order with Quinn for one (1) Electric Boom Lift and two (2) LED Light Towers in an amount not to exceed $117,570.63 in such final form approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $11,757.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar. 16) Approval of FY23/24 Rates with the County of Riverside for Maintenance of City Traffic Signals and Safety Lighting
Approve the FY 23/24 rates for the County of Riverside Transportation Department (County) Agreement for Traffic Signal and associated hardware maintenance, emergency call-out services, and inventory of City traffic signal equipment maintained by the County.

This item was approved on the City Council Consent Calendar. 17) Purchase of ClearVu Cochrane's Invisible Wall Fencing System at Serenity Park (CIP Project #Z40005)
Approve and authorize the City Manager to execute a Purchase Order with Cochrane USA in an amount not to exceed $183,696.31 in such final form approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $18,369.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar. 18) Agreement with Professional Sports Field Maintenance, Inc. for Bi-weekly Field Maintenance Services at McVicker Park, Swick and Matich Park, Summerly Park, Tuscany Park, Canyon Hills Park, and Christensen Park
Approve and authorize the City Manager to execute the Contractor Services Agreement with Professional Sports Field Maintenance, Inc. for Bi-weekly Field Maintenance Services at McVicker Park, Swick & Matich Park, Summerly Park, Tuscany Park, Canyon Hills Park, and Christensen Park in an amount not to exceed $45,270.00 per Fiscal Year for a term of three (3) years in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $4,527.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

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: 5 Agency Members Tisdale, Sheridan, and Magee; Vice Chair Manos; and Chair Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 6
19) Minutes of the Regular Successor Agency Meeting of November 14, 2023 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 20) SA Warrant Report Dated October 20, 2023 to November 02, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 21) SA Warrant Report Dated November 03, 2023 to November 16, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARINGS
22) Planning Application No. 2022-03 (Mission Trail at Lemon) – a Request for Approval of Tentative Tract Map No. 38378 to Subdivide an approximately 17.21- acre Site into One (1) Lot for Condominium Purposes and Residential Design Review to Construct 191 Detached Condominium Residences within the East Lake Specific Plan

1. Find that the project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15182(c) (Residential Projects Implementing Specific Plans);

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

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2022-03 (TENTATIVE TRACT MAP NO. 38378 AND RESIDENTIAL DESIGN REVIEW NO. 2022-02) IS CONSISTENT WITH THE

WESTERN RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT
CONSERVATION PLAN (MSHCP);

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE TRACT MAP NO. 38378 TO SUBDIVIDE AN APPROXIMATELY 17.21-ACRE SITE INTO ONE LOT AND 191 RESIDENTIAL UNITS FOR CONDOMINIUM PURPOSES LOCATED IN APNS:
370-050-019, 370-050-020, AND 370- 050-032; and

4. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING RESIDENTIAL DESIGN REVIEW NO. 2022-02 PROVIDING BUILDING DESIGNS AND RELATED IMPROVEMENTS FOR 191 TWO-STORY DETACHED CONDOMINIUM RESIDENTIAL UNITS IN LOCATED APNS: 370-050-019, 370- 050-020, AND 370-050-032.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 7
The Public Hearing was re-opened at 7:46 p.m.

Assistant Community Development Director Abraham presented the staff report.

There were no speakers.

The Public Hearing was closed at 8:04 p.m.

A motion was made by Council Member Tisdale, seconded by Council Member Sheridan to approve the four recommendations. The motion carried by the following vote:

Aye: 4 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 1 None
23) Establishment of Community Facilities District No. 2023-2 of the City of Lake Elsinore (Coastal Mission Trails)

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

ELSINORE, CALIFORNIA, ESTABLISHING COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE ELSINORE (COASTAL MISSION TRAILS),

AUTHORIZING THE LEVY OF A SPECIAL TAX THEREIN, CALLING AN

ELECTION AND APPROVING AND AUTHORIZING CERTAIN ACTIONS
RELATED THERETO;

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

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE

ELSINORE (COASTAL MISSION TRAILS) DETERMINING THE NECESSITY TO

INCUR BONDED INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED
$15,000,000 WITHIN COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE

CITY OF LAKE ELSINORE (COASTAL MISSION TRAILS) AND CALLING AN ELECTION THEREIN;

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

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF

LAKE ELSINORE (COASTAL MISSION TRAILS) CERTIFYING ELECTION RESULTS; and

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

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE ELSINORE (COASTAL MISSION TRAILS) AUTHORIZING THE LEVY OF SPECIAL TAXES.

The Public Hearing was reopened at 8:04 p.m.

The Staff Report was waived.

There were no speakers.

The Public Hearing was closed at 8:06 p.m.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 8
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to adopt the Resolution in Recommendation No. 3. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to introduce by title only and waive further reading of the Ordinance in Recommendation No. 4. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
24) Public Hearing and Election for Annexation Proceedings for Annexation No. 14 into Community Facilities District No. 2015-1 (Safety Services)

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

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

SERVICES), ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES), AND CALLING ELECTIONS THEREIN; and

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

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) CERTIFYING THE RESULTS OF THE DECEMBER 12, 2023 ANNEXATION AND SPECIAL TAX ELECTIONS.

The Public Hearing was reopened at 8:07 p.m.

The Staff Report was waived.

There were no speakers.

The Public Hearing was closed at 8:11 p.m.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 9
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
25) Public Hearing and Election for Annexation Proceedings for Annexation No. 19 into Community Facilities District No. 2015-2 (Maintenance Services) for Coastal Mission Trails

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

ELSINORE, CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE

QUALIFIED ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX WITHIN

THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 19);

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

ELSINORE, CALIFORNIA, DECLARING ELECTION RESULTS FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 19); and

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

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF

LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES.

The Public Hearing was reopened at 8:11 p.m.

The Staff Report was waived.

There were no speakers.

The Public Hearing was closed at 8:14 p.m.

A motion was made by Council Member Tisdale, seconded by Council Member Magee to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 10
A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Council Member Tisdale, seconded by Council Member Magee to introduce by title only and waive further reading of the Ordinance in Recommendation No. 3. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
26) Public Hearing and Election for Annexation Proceedings for Annexation No. 20 Into Community Facilities District No. 2015-2 (Maintenance Services) for Alberhill

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

ELSINORE, CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE

QUALIFIED ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX WITHIN

THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 20);

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

ELSINORE, CALIFORNIA, DECLARING ELECTION RESULTS FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 20); and

3. Introduce by title only and waive further reading of AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF

LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES.

The Public Hearing was opened at 8:17 p.m.

The Staff Report was waived.

There were no speakers.

The Public Hearing was closed at 8:18 p.m.

A motion was made by Council Member Tisdale, seconded by Council Member Magee to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 11
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Magee to introduce by title only and waive further reading of the Ordinance in Recommendation No. 3. The motion Carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
27) Public Hearing and Election for Annexation Proceedings for Annexation No. 21 Into Community Facilities District No. 2015-2 (Maintenance Services) for Lake Storage

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

ELSINORE, CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE

QUALIFIED ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX WITHIN

THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 21);

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

ELSINORE, CALIFORNIA, DECLARING ELECTION RESULTS FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 21); and

3. Introduce by title only and waive further reading of AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF

LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF

SPECIAL TAXES
The Public Hearing was opened at 8:21 p.m.

The Staff Report was waived.

There were no speakers.

The Public Hearing was closed at 8:22 p.m.

A motion was made by Council Member Tisdale, seconded by Mayor Pro Tem Manos to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 12
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Magee to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to introduce by title only and waive further reading of the Ordinance in Recommendation No. 3. The motion carried by the following vote:

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
28) Second and Final Extension of Time request for Conditional Use Permit No. 2018-03 and Commercial Design Review No. 2016-17 (Kassab Travel Center)

1. Find that pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15162, the extension of time request would not have a significant effect on the environment and no new environmental documentation is necessary because all potentially significant effects have been adequately analyzed in a previously adopted Mitigated Negative Declaration (ER 2018-02) (SCH No. 2019029048);

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

ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME FOR CONDITIONAL USE PERMIT NO. 2018-03 TO JULY 14, 2024; and

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

ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME FOR COMMERCIAL DESIGN REVIEW NO. 2016-17 TO JULY 14, 2024.

The Public Hearing was opened at 8:25 p.m.

Assistant Community Development Director Abraham presented the staff report.

There were no speakers.

The Public Hearing was closed at 8:27 p.m.

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

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 13
29) Extension of Time Request for Tentative Parcel Map No. 38341 and Industrial Design Review No. 2021-05 (Fairway Business Park Phase III)

1. Find that pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15162, the extension of time request would not have a significant effect on the environment and no new environmental documentation is necessary because all potentially significant effects have been adequately analyzed in a previously adopted Addendum No. 1 to Mitigated Negative Declaration (MND) No. 2007-05 (SCH No. 2007071157);

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME FOR TENTATIVE PARCEL MAP NO. 38341 TO JANUARY 11, 2026; and

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME FOR INDUSTRIAL DESIGN REVIEW NO. 2021-05 TO JANUARY 11, 2026.

The Public Hearing was opened at 8:28 p.m.

Assistant Community Development Director Abraham presented the staff report.

Rod Oshita was called to speak.

The Public Hearing was closed at 8:33 p.m.

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

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

BUSINESS ITEMS
30) Issuance of Its Special Tax Bonds, Series 2024 for Community Facilities District No. 2006-4 (Rosetta Hills)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2006-4 (ROSETTA HILLS) AUTHORIZING THE ISSUANCE OF ITS SPECIAL TAX BONDS, SERIES 2024 IN A PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION DOLLARS ($6,000,000) AND

APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.

Lawrence Chan presented the staff report.

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

Aye: 5 Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None
City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 14
31) Selection of the Mayor/Chair and Mayor Pro Tem/Vice-Chair for 2024 Select a Mayor/Chair and Mayor Pro Tem/Vice-Chair to serve through December 10, 2024 per City Council Policy No. 200-4.

Mayor Johnson yielded the Chair to City Clerk Alvarez, who called for nominations to the seat of Mayor.

Council Member Johnson nominated Steve Manos.

Steve Manos was unanimously appointed as Mayor.

Mayor Manos called for nominations to the seat of Mayor Pro Tem.

Council Member Magee nominated Brian Tisdale.

Brian Tisdale was unanimously appointed as Mayor Pro Tem.

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

CITY ATTORNEY COMMENTS
City Attorney Leibold wished attendees Happy Holidays.

CITY MANAGER'S COMMENTS
City Manager Simpson congratulated and recognized Richard MacHott on his retirement, shared the City of Lake Elsinore 2023 in Review video, and presented Council Member Johnson with a gift from staff to commemorate her year serving as Mayor.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Sheridan reported on his attendance at the Riverside Transit Agency Transportation Now meeting on November 15, 2023 and Board of Directors meeting on November 16, 2023; shared his attendance at RTA’s Vice Street Mobility Hub ribbon cutting ceremony on December 8, 2023; shared his attendance at Rise and Shine Balloons’ grand opening; invited residents to obtain vaccines on Friday, December 15, 2023 from 12:00 – 4:00 p.m. at the Lake Elsinore Senior Activity Center; announced “Kaz’s Rocking In the New Year Bash 2024” from 8:00 p.m. to 12:30 a.m. at the Diamond Taproom at Diamond Stadium; shared his attendance at the Lake Elsinore Historical Society Christmas Party; invited the community to attend the 6th Annual Dudes of Canyon Hills Christmas Parade on December 13th and 14th from 6:00 p.m. to 8:00 p.m. in Canyon Hills; and invited the community to attend the 2nd Annual Dudes of Canyon Hills and DOCH Foundation Holiday Free Toy Giveaway on Saturday, December 16, 2023 from 10:00 a.m. to 4:00 p.m. at Diamond Stadium.

Council Member Johnson reported on her attendance at the Western Riverside County Regional Conservation Authority meeting on December 4, 2023 and the Lake Elsinore Unified School District meeting; congratulated December’s Students of the Month and the 2023 Dream Extreme Future Leaders; announced that the Cops for Kids delivery will be held on Saturday, December 16, 2023; provided updates on Project Connect, the Homeless Task Force, and the Anchor; shared her experience at the Winterfest event; reported on the City Hall Groundbreaking which was held on December 4, 2023; and introduced Lakey, Lake Elsinore’s Elf on the Shelf and encouraged residents to follow its activities on social media.

City Council Minutes - Draft December 12, 2023
City of Lake Elsinore Page 15
Council Member Magee reminded residents to keep their pets safe during winter; and announced the grand opening celebration for the Animal Friends of the Valleys new low-cost spay/neuter and vaccination clinic on January 25, 2024 from 4:00 – 7:00 p.m. at its facility in Wildomar.

Mayor Pro Tem Tisdale reported on his attendance at the Western Riverside Council of Governments Executive Committee meeting on December 4, 2023 and the Northwest Mosquito and Vector Control District Board meeting on November 16, 2023; invited seniors to register for the Holiday Luncheon on December 14, 2023 at 11:00 a.m. at the Lake Elsinore Senior Activity Center; and invited residents to participate int he Winter Wonderland Canvas Painting event on January 12, 2023 from 6:00 – 8:00 p.m. at the Lake Elsinore Senior Activity Center.

Mayor Manos announced that new shade structures have been installed at Swick and Matich Park and Tuscany Hills Park; encouraged residents to book the Dream Extreme Neighborhood Center for parties and provided information on booking the venue; invited the community to attend the Lake Water Press Conference on December 15, 2023 from 10:00 – 11:30 a.m. at Launch Pointe; encouraged residents to apply to serve on the Measure Z Citizens Committee for Districts 2, 4, and 5 through 4:00 p.m. on December 22, 2023; and provided updates on lake levels and testing.

ADJOURNMENT
The Lake Elsinore City Council adjourned at 9:34 p.m. to the next Regular meeting of Tuesday, January 9, 2024 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: January 9, 2024
Subject: CC Warrant Report Dated November 17, 2023, to December 07, 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 Listing
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 3,065,472.95
103 THE ANCHOR 17,057.27
105 MISC GENERAL PROJECTS 3,210.00
110 GAS TAX 6,984.86
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 249,391.62 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 18,924.52 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 26,733.25 180 LAUNCH POINTE 169,549.42
300 INSURANCE SERVICES (11,832.49)
305 INFORMATION SYSTEMS SERVICE 312,909.67
310 SUPPORT SERVICE 4,768.52
315 FLEET SERVICE 96,604.23
320 FACILITIES SERVICE 33,702.72
330 CFD 2015-2S MAINTENANCE SERVICES 20,659.20
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 41.20
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 41.20
333 CFD 2015-4 TERRACINA IMPROVEMENT 41.20
334 CFD 2015-5 TRIESTE IMPROVEMENT 41.20
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 41.20
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 41.20
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 41.20
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 41.20
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 41.20
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 41.20
342 CFD 2007-5S RED KITE SERVICES 41.20
343 CFD 2006-2S VISCAYA SERVICES 41.20
344 CFD 2005-2S ALBERHILL RANCH SERVICES 41.20
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 41.20
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,441.20
350 CFD 98-1 SUMMERHILL IMPROVEMENT 41.20
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 41.20
354 CFD 90-2 TUSCANY HILLS IMPROVEMENT 1,441.20
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 41.20
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,441.20
358 CFD 2007-4S MAKENNA SERVICES 41.20
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 41.20 361 CFD 2022-2 LAKESHORE IMPROVEMENT 41.20
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 41.20
363 CFD 2023-1 LAKESIDE IMPROVEMENT 41.20
366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 1,616.20 Attachment 1 1 of 2
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
367 CFD 2006-1S SUMMERLY SERVICES 41.20
368 CFD 2006-2 VISCAYA IMPROVEMENT 1,616.20
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 1,616.20 370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 41.20
371 CFD 2005-1 SERENITY IMPROVEMENT 1,616.20
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 1,616.20 373 CFD 2005-5S WASSON CANYON SERVICES 41.20
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 41.20
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 41.20
376 CFD 2006-3 LA STRADA IMPROVEMENT 41.20
377 CFD 2006-6 TESSARA IMPROVEMENT 41.20
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 41.20
379 CFD 2022-1 ALBERHILL IMPROVEMENT 41.20
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 1,616.20
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 1,616.20 386 CFD 2007-4 MAKENNA IMPROVEMENT 41.20
387 CFD 2007-5 RED KITE IMPROVEMENT 41.20
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 1,441.20
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 1,616.20
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 41.20
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 41.20
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 41.20
397 CFD 2019-1 WESTLAKE IMPROVEMENT 41.20
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 41.20 500 CAPITAL IMPROVEMENT PLAN 851,491.27
606 AB2766 AIR POLUTION REDUCTION 6,000.00
620 COST RECOVERY TRUST DEPOSITS 19,469.75
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,532.72
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 41.20
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 41.20 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 41.20
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 41.20 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 41.20
GRAND TOTAL $ 4,913,095.48
Attachment 1 2 of 2
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001231 LIUNA LOCAL 777 $ 732.00
APA24001232 MISSION SQUARE RETIREMENT 6,774.85
APA24001233 MISSION SQUARE RETIREMENT 376.82
APA24001234 ACTION GAS & WELDING SUPPLY 254.89
APA24001235 ADVANTEC CONSULTING ENGINEERS, INC 930.00
APA24001236 ALBERT WEBB & ASSOCIATES 3,028.50
APA24001237 ALLEGRA MARKETING PRINT MAIL 141.38
APA24001238 ALVAREZ, CANDICE 359.19
APA24001240 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 553.00 APA24001241 BLAIS & ASSOCIATES, INC. 3,210.00
APA24001242 BURKE, WILLIAMS & SORENSEN, LLP 1,352.00
APA24001243 CALIFORNIA DEPARTMENT OF TRANSPORTATION 13,477.97 APA24001244 CALIFORNIA STATE FIRE PROTECTION 280.00
APA24001245 CALIFORNIA TAX DATA 4,000.00
APA24001246 CALIFORNIA, DEPARTMENT OF JUSTICE 140.00
APA24001247 CALIFORNIA, DEPARTMENT OF JUSTICE 420.00
APA24001248 CALIFORNIA, DEPARTMENT OF JUSTICE 256.00
APA24001249 CDW GOVERNMENT, INC. 13,117.82
APA24001250 CED LAGUNA 6,877.62
APA24001251 CHARLES ABBOTT ASSOCIATES, INC. 3,326.88
APA24001252 CHARTER COMMUNICATIONS 1,171.98
APA24001253 CHARTER COMMUNICATIONS 201.16
APA24001254 CHEN RYAN ASSOCIATES, INC. 21,445.31
APA24001255 CODE PUBLISHING COMPANY 830.00
APA24001256 COUNTY OF RIVERSIDE, EXECUTIVE OFFICE 447,092.00 APA24001257 DATAPRO MAPPING SOLUTIONS, LLC 350.00
APA24001258 DAVID EVANS AND ASSOCIATES, INC. 7,819.12
APA24001259 DISCOUNT HAULING & CLEANUP SERVICE 4,950.00 APA24001260 EVMWD 68,527.47
APA24001261 EXCEL LANDSCAPE, INC. 19,148.00
APA24001262 FCG CONSULTANTS, INC. 62,403.66
APA24001263 FRONTIER CALIFORNIA - INTERNET 796.66
APA24001264 FRONTIER CALIFORNIA, INC. 858.18
APA24001265 GALLS, LLC 312.09
APA24001267 GREAT AMERICA FINANCIAL SERVICES 3,306.04
APA24001268 GUERRERO, JACLYN 170.00
APA24001269 HELIX ENVIRONMENTAL PLANNING INC. 2,332.82
APA24001270 HUNSAKER & ASSOCIATES IRVINE, INC. 48,940.63 APA24001271 KIMBALL MIDWEST 962.20
APA24001272 LAKE ELSINORE STORM, LP 47,500.00
APA24001273 LANDSCAPE CENTER, THE 9,700.00
APA24001274 MAXIMUM SIGNS 2,920.00
APA24001275 O'REILLY AUTO STORES INC/FIRST CALL 742.43
APA24001276 PLUMBERS DEPOT, INC. 1,508.45
Attachment 2 1 OF 6
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001277 PRECISION CONCRETE CUTTING 50,579.00
APA24001278 PRUDENTIAL OVERALL SUPPLY 446.61
APA24001279 PUBLIC SAFETY ENTERPRISE COMMUNICATION 820.98 APA24001280 RIGHTWAY SITE SERVICES, INC. 3,727.24
APA24001281 RIVERSIDE TRANSIT AGENCY 350.00
APA24001282 RIVERSIDE UNIVERSITY HEALTH SYSTEM 1,200.00 APA24001283 ROBBINS PEST MANAGEMENT, INC. 2,490.00
APA24001284 SENSERA SYSTEMS, INC 15,163.80
APA24001285 SHRED-IT USA, LLC 84.00
APA24001286 SOUTHERN CALIFORNIA EDISON CO. 16,473.95
APA24001287 STATE WATER RESOURCES CONTROL BOARD 26,498.00 APA24001288 STAUFFER LAWN EQUIPMENT 415.37
APA24001290 TEAM AUTOAID, INC. 672.28
APA24001291 TITAN TENT & EVENT RENTALS 1,487.60
APA24001292 TULIPS TROPHIES & TREASURES 244.69
APA24001293 TURF STAR, INC. 31,934.75
APA24001294 VERIZON WIRELESS (#13) 213.27
APA24001295 VULCAN MATERIALS COMPANY 863.23
APA24001296 WEST COAST SERVICES 1,055.00
APA24001297 WILLDAN 10,332.86
APA24001298 WILMINGTON TRUST, NATIONAL ASSOCIATION 18,200.00 APA24001299 ACTION GAS & WELDING SUPPLY 20.12
APA24001300 ANGLER CHRONICLES, LLC 8,000.00
APA24001301 AZTECA CLEANING SERVICES LLC 10,882.08
APA24001302 BLACK TIE LAUNDRY 798.79
APA24001303 CALIFORNIA STATE FIRE PROTECTION 145.00
APA24001304 CALIFORNIA, DEPARTMENT OF INDUSTRIAL RELATIONS 675.00 APA24001305 CDW GOVERNMENT, INC. 20,262.75
APA24001306 CED LAGUNA 886.33
APA24001307 CENTURY LINK 52.12
APA24001308 CHARTER COMMUNICATIONS 28.30
APA24001309 CHARTER COMMUNICATIONS 999.00
APA24001310 CINTAS CORPORATION NO. 2 218.50
APA24001311 DELL MARKETING, LP 34,992.68
APA24001312 DOUGLAS HINER UMPIRING SERVICES 1,428.00
APA24001313 DUSTIN THOMPSON PHOTOGRAPHY 1,125.00
APA24001314 EPD SOLUTIONS, INC. 1,988.00
APA24001315 EVMWD 39,606.90
APA24001316 EWING 81.63
APA24001317 EXCEL LANDSCAPE, INC. 700.00
APA24001318 FIX AUTO LAKE ELSINORE 7,699.05
APA24001319 FORENSIC NURSES OF SOCAL, INC. 1,400.00
APA24001320 FRONTIER CALIFORNIA - INTERNET 131.86
Attachment 2 2 OF 6
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001321 FRONTIER CALIFORNIA, INC. 123.38
APA24001322 FRONTIER CALIFORNIA, INC. 60.78
APA24001323 FRONTIER CALIFORNIA, INC. 4,355.89
APA24001324 FRONTIER CALIFORNIA, INC. 119.29
APA24001325 GOLDSTAR ASPHALT PRODUCTS 331.87
APA24001326 GUIDA SERVEYING, INC. 4,395.00
APA24001327 HELIX ENVIRONMENTAL PLANNING INC. 13,103.75 APA24001328 HELLAS CONSTRUCTION, INC. 20,000.00
APA24001329 HEYDAY 4,550.00
APA24001330 HIT PRINT, INC. 1,848.99
APA24001331 INNOVATIVE DOCUMENT SOLUTIONS 1,462.48
APA24001332 JIMNI SYSTEMS, INC. 1,015.00
APA24001333 JOHNATHAN SKINNER 489.25
APA24001334 JOLLY JUMPS 8,149.00
APA24001335 KELLEN'S BAIT 56.00
APA24001337 LAST CHANCE PERFORMANCE MARINE, INC. 3,084.68 APA24001338 LITTLE RASCALS JUMPERS 5,569.00
APA24001339 LIUNA LOCAL 777 732.00
APA24001340 MISSION SQUARE RETIREMENT 376.82
APA24001341 MISSION SQUARE RETIREMENT 13,498.37
APA24001342 MORNINGSTAR PRODUCTIONS, LLC 150.00
APA24001343 NPG, INC. 126,875.00
APA24001344 O'REILLY AUTO STORES INC/FIRST CALL 40.64
APA24001345 PACIFIC PRODUCTS & SERVICES LLC 11,516.63
APA24001346 PRUDENTIAL OVERALL SUPPLY 520.08
APA24001347 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,257,527.03 APA24001348 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 31,854.79 APA24001349 ROBBINS PEST MANAGEMENT, INC. 1,870.00
APA24001350 SAN DIEGO ICE COMPANY, INC. 9,237.05
APA24001351 SANCHEZ, ISREAL 725.00
APA24001352 SOUTHERN CALIFORNIA EDISON CO. 6,484.10
APA24001353 SOUTHERN CALIFORNIA GAS CO. 106.93
APA24001354 STAUFFER LAWN EQUIPMENT 303.44
APA24001355 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,250.00 APA24001356 SUNBELT RENTALS, INC. 7,004.97
APA24001357 TEAM AUTOAID, INC. 133.86
APA24001358 TEMECULA MOTORSPORTS 23.10
APA24001359 TRENCH SHORING COMPANY 94.80
APA24001360 VULCAN MATERIALS COMPANY 1,105.28
APA24001361 WALMART COMMUNITY 247.66
APA24001362 WAXIE SANITARY SUPPLY 1,153.08
APA24001363 WESTERN RIVERSIDE COUNCIL OF GOVT'S 305,824.04 APA24001364 WILLDAN 528.00
APA24001365 Z BEST STUDIOS, INC. 8,123.44
Attachment 2 3 OF 6
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
DFT240257 FRONTIER CALIFORNIA - INTERNET 473.84
DFT240258 FRONTIER CALIFORNIA - INTERNET 663.73
DFT240259 FRONTIER CALIFORNIA - INTERNET 460.98
DFT240261 PAYCHEX OF NEW YORK, LLC 1,546.67
DFT240262 LEGAL SHIELD 123.60
DFT240263 NATIONWIDE TRUST COMPANY, FSB 1,139.62
DFT240264 STATE DISBURSEMENT UNIT 134.30
DFT240265 STATE DISBURSEMENT UNIT 392.30
DFT240266 RIVERSIDE COUNTY SHERIFF'S OFFICE 632.05
DFT240267 INTERNAL REVENUE SERVICE 198.50
DFT240268 FRANCHISE TAX BOARD 24,792.38
DFT240269 INTERNAL REVENUE SERVICE 118,222.37
DFT240270 CALPERS 72,342.42
DFT240271 CALPERS 114.80
DFT240272 TASC 4,386.22
DFT240273 COLONIAL LIFE 102.36
DFT240274 SOUTHERN CALIFORNIA EDISON - SCE INSTALL 1,805.83 DFT240275 CHARTER COMMUNICATIONS 1,399.00
DFT240276 DISH 158.52
DFT240277 WILMINGTON TRUST, NATIONAL ASSOCIATION 185,998.64 DFT240284 TEMECULA MOTORSPORTS (23.10)
DFT240288 NATIONWIDE TRUST COMPANY, FSB 1,138.82
DFT240289 INTERNAL REVENUE SERVICE 108,228.55
DFT240290 FRANCHISE TAX BOARD 22,734.49
DFT240291 PAYCHEX OF NEW YORK, LLC 1,458.62
DFT240292 CALPERS 72,171.04
DFT240293 STATE DISBURSEMENT UNIT 134.30
DFT240294 STATE DISBURSEMENT UNIT 392.30
DFT240295 RIVERSIDE COUNTY SHERIFF'S OFFICE 579.44
DFT240296 INTERNAL REVENUE SERVICE 198.50
DFT240297 TASC 4,386.22
PR11222023 NET PAYROLL 353,708.94
6071 AK SECURITY ALARM LLC 381,160.29
6073 AMAZON BUSINESS 5,123.55
6074 BRINKS INCORPORATED 875.59
6075 CIVICA LAW GROUP, APC 49,109.23
6076 DOWNS ENERGY 416.58
6077 ENDRESEN DEVELOPMENT, INC. 2,900.00
6078 ENDRESEN DEVELOPMENT, INC. 17,036.10
6079 ENDRESEN DEVELOPMENT, INC. 576.00
6080 ENDRESEN DEVELOPMENT, INC. 576.00
6081 ENDRESEN DEVELOPMENT, INC. 1,489.84
6082 ENDRESEN DEVELOPMENT, INC. 330.22
6083 ENDRESEN DEVELOPMENT, INC. 9,433.16
Attachment 2 4 OF 6
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
6084 ENDRESEN DEVELOPMENT, INC. 301.00
6085 ENDRESEN DEVELOPMENT, INC. 12,990.88
6086 ENDRESEN DEVELOPMENT, INC. 25,245.00
6087 ENDRESEN DEVELOPMENT, INC. 576.00
6088 ENDRESEN DEVELOPMENT, INC. 9,674.41
6089 ENDRESEN DEVELOPMENT, INC. 9,470.66
6090 ENDRESEN DEVELOPMENT, INC. 2,852.99
6091 ENDRESEN DEVELOPMENT, INC. 576.00
6092 ENDRESEN DEVELOPMENT, INC. 5,000.00
6093 ENDRESEN DEVELOPMENT, INC. 1,321.08
6094 ENDRESEN DEVELOPMENT, INC. 576.00
6095 ENDRESEN DEVELOPMENT, INC. 576.00
6096 ENDRESEN DEVELOPMENT, INC. 9,830.66
6097 ENDRESEN DEVELOPMENT, INC. 9,652.88
6098 ENDRESEN DEVELOPMENT, INC. 1,248.00
6099 ENDRESEN DEVELOPMENT, INC. 2,496.00
6100 ENDRESEN DEVELOPMENT, INC. 576.00
6101 ENDRESEN DEVELOPMENT, INC. 576.00
6102 ENDRESEN DEVELOPMENT, INC. 576.00
6103 ENDRESEN DEVELOPMENT, INC. 576.00
6104 ENDRESEN DEVELOPMENT, INC. 11,210.66
6105 ENDRESEN DEVELOPMENT, INC. 6,094.85
6106 GRANICUS, LLC 25,331.04
6107 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 12,500.00 6109 RENTERIA, YARABITH BUENFIL 1,537.50
6110 TC SPORTS MANAGEMENT, LLC 17,300.00
6111 REDYREF INTERACTIVE KIOSKS 96.00
6112 AMAZON BUSINESS 1,766.82
6113 AMERICAN MATERIAL COMPANY 631.02
6114 AREA 63 PRODUCTIONS 9,112.50
6115 CM WASH EQUIPMENT 5,200.62
6116 COMMERCIAL DOOR COMPANY, INC. 6,650.00
6117 DENNIS JANDA, INC. 330.00
6118 DOWNS ENERGY 6,063.32
6119 ENGINEERING RESOURCES OF SO CA 13,220.02
6120 HDR ENGINEERING, INC. 44,481.77
6121 KPA SERVICES, LLC 2,042.51
6122 SERVICE FIRST 5,357.55
6123 SPICER CONSULTING GROUP 10,000.00
6124 TANGRAM 4,095.46
6125 WEST COAST ARBORISTS, INC. 5,913.00
6126 WKE, INC. 1,051.73
6127 WKE, INC. 5,898.64
Attachment 2 5 OF 6
NOV 17, 2023 TO DEC 07, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
6128 AK SECURITY ALARM LLC 37,313.83
6129 AMAZON BUSINESS 5,768.94
6131 AMERICAN MATERIAL COMPANY 904.48
6132 DENNIS JANDA, INC. 690.00
6133 DOWNS ENERGY 11,006.35
6134 ENDRESEN DEVELOPMENT, INC. 19,238.16
6135 ENDRESEN DEVELOPMENT, INC. 5,586.36
6136 GMS ELEVATOR SERVICES, INC. 330.00
6137 GOTO TECHNOLOGIES USA, INC. 3,300.41
6138 HDR ENGINEERING, INC. 26,365.94
6139 HDR ENGINEERING, INC. 13,474.12
6140 HI-WAY SAFETY, INC. 8,079.23
6141 KPA SERVICES, LLC 866.70
6142 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 12,500.00 6143 NTH GENERATION COMPUTING, INC. 1,849.00
6144 REGIONAL CONSERVATION AUTHORITY 10,503.12
6145 SMER RESEARCH 1, LLC 13,152.68
6146 SPICER CONSULTING GROUP 10,000.00
6147 THE ENTERTAINMENT CONTRACTOR, LLC 5,900.00
6148 THOMSON REUTERS - WEST PUBLISHING CORP. 475.45
GRAND TOTAL $ 4,913,095.48
Attachment 2 6 OF 6

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: January 9, 2024
Subject: CC Warrant Report Dated December 08, 2023, to December 14, 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 Listing
DEC 08, 2023 TO DEC 14, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 396,451.24
103 THE ANCHOR 216.29
110 GAS TAX 18,926.86
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 73,992.12 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 10,341.54 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 817.78 180 LAUNCH POINTE 28,486.51
300 INSURANCE SERVICES 99.90
305 INFORMATION SYSTEMS SERVICE 14,841.10
310 SUPPORT SERVICE 600.30
315 FLEET SERVICE 20,887.96
320 FACILITIES SERVICE 11,199.21
330 CFD 2015-2S MAINTENANCE SERVICES 1,341.30
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 701.51
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 701.51
333 CFD 2015-4 TERRACINA IMPROVEMENT 701.51
334 CFD 2015-5 TRIESTE IMPROVEMENT 683.20
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 683.20
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 683.20
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 663.30
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 683.20
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 701.51
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 683.20
342 CFD 2007-5S RED KITE SERVICES 501.08
343 CFD 2006-2S VISCAYA SERVICES 501.08
344 CFD 2005-2S ALBERHILL RANCH SERVICES 501.08
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,384.71
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,202.59
350 CFD 98-1 SUMMERHILL IMPROVEMENT 701.51
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 701.51
354 CFD 90-2 TUSCANY HILLS IMPROVEMENT 2,004.28
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,004.28
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 901.94
358 CFD 2007-4S MAKENNA SERVICES 501.08
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 600.83 361 CFD 2022-2 LAKESHORE IMPROVEMENT 583.33
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 501.08
363 CFD 2023-1 LAKESIDE IMPROVEMENT 583.33
366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 501.08 367 CFD 2006-1S SUMMERLY SERVICES 501.08
Attachment 1 1 of 2
DEC 08, 2023 TO DEC 14, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
368 CFD 2006-2 VISCAYA IMPROVEMENT 501.08
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 701.51
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 701.51
371 CFD 2005-1 SERENITY IMPROVEMENT 701.51
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 701.51
373 CFD 2005-5S WASSON CANYON SERVICES 501.08
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 250.54
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 250.54
376 CFD 2006-3 LA STRADA IMPROVEMENT 501.08
377 CFD 2006-6 TESSARA IMPROVEMENT 300.65
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 663.30
379 CFD 2022-1 ALBERHILL IMPROVEMENT 583.33
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,405.18
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 701.51
386 CFD 2007-4 MAKENNA IMPROVEMENT 663.30
387 CFD 2007-5 RED KITE IMPROVEMENT 663.30
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 1,803.89
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 701.51
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 501.08
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 473.79
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 673.80
397 CFD 2019-1 WESTLAKE IMPROVEMENT 673.80
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 600.83 500 CAPITAL IMPROVEMENT PLAN 1,501,342.77
620 COST RECOVERY TRUST DEPOSITS 6,107.50
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 701.51
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 501.08 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 501.08
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 2,146.00 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 618.88
GRAND TOTAL $ 2,127,401.77
Attachment 1 2 of 2
DEC 08, 2023 TO DEC 14, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001366 ADAMS STREETER CIVIL ENGINEERS, INC. $ 31,103.93 APA24001367 ALLIED TRAFFIC EQUIPMENT RENTAL 4,891.22
APA24001368 ALVAREZ ENTERPRISE SERVICES 11,180.51
APA24001369 ANIMAL FRIENDS OF THE VALLEY 21,000.00
APA24001370 AZTECA CLEANING SERVICES LLC 10,082.08
APA24001371 BANNER BANK 36,164.27
APA24001372 BEACON ATHLETICS 3,843.35
APA24001373 BLACK TIE LAUNDRY 1,167.86
APA24001374 BSN SPORTS, LLC 251.03
APA24001375 CED LAGUNA 38.79
APA24001376 CHEN RYAN ASSOCIATES, INC. 12,382.45
APA24001377 CINTAS CORPORATION NO. 2 800.21
APA24001378 CONCENTRA 130.00
APA24001379 CORODATA RECORDS MANAGEMENT, INC. 139.75
APA24001380 CREATIVE INDUSTRIES MEDIA GROUP 300.00
APA24001381 DAVID EVANS AND ASSOCIATES, INC. 23,221.99
APA24001382 DE VRIES, DAVID 146.40
APA24001383 DISCOUNT HAULING & CLEANUP SERVICE 14,590.00 APA24001384 DOUGLAS HINER UMPIRING SERVICES 210.00
APA24001385 DUSTIN THOMPSON PHOTOGRAPHY 500.00
APA24001386 EGP CONSULTING, INC. 2,149.60
APA24001387 ENVIROMINE, INC. 4,207.50
APA24001388 EVMWD 4,319.06
APA24001389 EXCEL LANDSCAPE, INC. 20,424.47
APA24001390 FRONTIER CALIFORNIA - INTERNET 818.03
APA24001391 GREAT AMERICA FINANCIAL SERVICES 600.30
APA24001392 GRIFFITH COMPANY 687,121.19
APA24001393 HIT PRINT, INC. 1,234.28
APA24001394 HUNSAKER & ASSOCIATES IRVINE, INC. 35,753.00 APA24001395 IMPACT PROMOTIONAL PRODUCTS 755.76
APA24001396 INLAND URGENT CARE,MEDICAL CORP 1,200.00
APA24001397 LANDSCAPE CENTER, THE 14,603.00
APA24001398 LIN CONSULTING, INC. 1,905.00
APA24001399 MICHAEL RUBINO LAW OFFICE 4,999.50
APA24001400 NPG, INC. 40,994.00
APA24001401 O'REILLY AUTO STORES INC/FIRST CALL 382.41
APA24001402 PRESS-ENTERPRISE, THE 1,015.45
APA24001403 PROFESSIONAL SPORTS FIELD MAINTENANCE, INC. 62,331.84 APA24001404 PRUDENTIAL OVERALL SUPPLY 521.89
APA24001405 READYREFRESH 983.48
APA24001406 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 13,535.32 APA24001407 RP LANDSCAPE & IRRIGATION 78,865.12
APA24001408 RSG, INC. 262.50
Attachment 2 1 OF 3
DEC 08, 2023 TO DEC 14, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001409 SAFETY-KLEEN SYSTEMS, INC. 232.27
APA24001410 SHRED-IT USA, LLC 85.60
APA24001411 SOUTHERN CALIFORNIA EDISON CO. 44,000.62
APA24001412 SOUTHERN CALIFORNIA GAS CO. 591.04
APA24001413 STAUFFER LAWN EQUIPMENT 100.01
APA24001414 STC TRAFFIC, INC. 11,330.00
APA24001415 STK ARCHITECTURE, INC. 5,280.00
APA24001416 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 33.00 APA24001417 THE PUN GROUP, LLP 20,000.00
APA24001418 TRANSTECH ENGINEERS, INC. 763.75
APA24001419 TRB AND ASSOCIATES, INC. 2,199.83
APA24001420 TULIPS TROPHIES & TREASURES 299.06
APA24001421 UNIQUE BUILDERS OF CALIFORNIA 166,844.19
APA24001422 UNITED CARPORTS, LLC 70,300.00
APA24001423 VALLEY-WIDE ELITE GYMNASTICS 1,287.00
APA24001424 VERIZON WIRELESS (#1) 3,349.09
APA24001425 VERIZON WIRELESS (#2) 4,106.21
APA24001426 VULCAN MATERIALS COMPANY 400.31
APA24001427 WAXIE SANITARY SUPPLY 889.47
APA24001428 WESTERN RIVERSIDE COUNCIL OF GOVT'S 8,765.31 APA24001429 WILLSCOT MOBILE MINI 1,319.55
APA24001430 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 15,410.67 APA24001431 YESCO SIGNS LLC 259,069.90
DFT240286 CHARTER COMMUNICATIONS 39.99
DFT240306 CALPERS 188,572.90
DFT240307 GUARDIAN 18,108.31
6149 AMAZON BUSINESS 2,260.79
6150 BRINKS INCORPORATED 869.02
6151 DOWNS ENERGY 5,082.79
6155 ENDRESEN DEVELOPMENT, INC. 4,100.00
6156 ENDRESEN DEVELOPMENT, INC. 5,400.00
6158 ENDRESEN DEVELOPMENT, INC. 1,843.65
6159 ENDRESEN DEVELOPMENT, INC. 6,600.00
6161 GMS ELEVATOR SERVICES, INC. 1,645.00
6162 GMS ELEVATOR SERVICES, INC. 330.00
6163 GMS ELEVATOR SERVICES, INC. 658.00
6164 HARDY & HARPER, INC. 21,842.40
6165 HI-WAY SAFETY, INC. 1,009.42
6166 LYNN MERRILL AND ASSOCIATES, INC. 316.70
6167 REGIONAL FIRST AID, INC. 1,234.81
6168 RENTERIA, YARABITH BUENFIL 1,121.25
6169 SERVICE FIRST 2,782.50
6170 SPICER CONSULTING GROUP 46,766.64
Attachment 2 2 OF 3
DEC 08, 2023 TO DEC 14, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
6174 SUN PAC CONTAINERS, INC. 595.00
6175 TC SPORTS MANAGEMENT, LLC 18,100.00
6176 WEST COAST ARBORISTS, INC. 7,164.00
6177 YUNEX, LLC 12,675.18
143572 GENERAL UPHOLSTERY 5,600.00
143573 GENERAL UPHOLSTERY 4,900.00
GRAND TOTAL $ 2,127,401.77
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: January 9, 2024
Subject: CC Investment Report for September 2023
Recommendation
Receive and file the Investment Report for September 2023.

Discussion
The Investment Report lists all funds invested in the City as of the date shown on the report. Additionally, the Investment Performance Review for the quarter ended September 30, 2023, is included.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- Investment Report for September 2023

CITY OF LAKE ELSINORE

INVESTMENT REPORT

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

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF SEPTEMBER 30, 2023

BANK DEPOSITS

IN TRANSIT

OUTSTANDING

PAYMENTS
BOOK

CASH ACCOUNTS
Bank Accounts:

BALANCE BALANCE
General Checking Account $ 948,556 $ 43,155 $ (72,904) $ 918,807 Cash On Hand:

Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
-
-
-
-
-
-
300
2,000
Total Cash Accounts 948,556 43,155 (72,904) 921,107

INVESTMENTS
Local Agency Investment Funds 49,450,572 - - 49,450,572 CAMP Investments:

CAMP Pool Account 50,944
21,635,437
1,133,455
1,536,023
5,284,899
4,261,710
11,849,400
900,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50,944
21,635,437
1,133,455
1,536,023
5,284,899
4,261,710
11,849,400
900,000
U.S. Treasury Bond / Note
Supra-National Agency Bond / Note
Municipal Bond / Note
Federal Agency Commercial Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Asset-Backed Security 5,290,805 5,290,805
Sub-total Investments 101,393,244 - - 101,393,244
Market Value Adjustment:

Unrealized Gain/(Loss) at 06/30/2023 (2,817,910) - - (2,817,910) Total Investments 98,575,334
99,523,890
- - 98,575,334
Total Pooled Cash and Investments $ $ 43,155 $ (72,904) $ 99,496,441 TOTAL POOLED CASH AND INVESTMENTS $ 99,496,441
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 28, 2022. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson
City Manager
December 27, 2023
Date

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF SEPTEMBER 30, 2023

FUND NO FUND NAME AMOUNT
100
102
104
105
106
107
108
109
110
112
114
115
116
117
118
119
121
135
140
160
180
202
203
205
211
221
231
232
300
305
310
315
320
331
335
337
339
340
345
346
General $ 11,980,754
16,077,141
7,500
Measure Z
Traffic Offender
Misc. General Project 58,096
Affordable Housing In Lieu
Developer Agreement Revenue
American Rescue Plan
Road Maintenance and Rehabilitation (SB1)
State Gas Tax
649,074
79,145
7,096,598
392,774
424,126
1,227,200
58,189
Measure A
SB1186 CASP Education Program
Traffic Safety 13,373
City Hall-Public Works DIF
Community Center DIF
Lake Side Facility DIF
43,800
189,200
311,120
Animal Shelter DIF 18,044
T.R.I.P.-2014A 503
Lighting & Landscape Maintenance - Dist. No. 1
Geothermal
1,063,218
11,714
PEG Grant 84,155
Launch Pointe 856,223
La Strada RBBD 23,892
E.L.S.P. - S.T.I.F. 3,369,129
206,904
3,073,070
128,545
1,332,634
622,038
760,139
2,547,661
20,041
Traffic Impact Fee
Storm Drain C.I.P.

Quimby Park C.I.P.

Library C.I.P.

City Fire Protection
Insurance Service
Information Systems Service
Support Service
Fleet Service 331,568
2,314,615
3,428
Facilities Service
CFD 2006-1CC Summerly Improvement Area CC
CFD 2003-2E Canyon Hills Improvement Area E
CFD 2016-2 Canyon Hills
CFD 2006-1 IA-KK Summerly Improvement Area
CFD 2006-1 IA-EE Summerly Improvement Area
CFD 2003-2 Improvement Area D, Canyon Hills
CFD 2014-1 Southshore
5,473
4,326
5,555
2,387
17,850
68,094

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 SEPTEMBER 30, 2023

FUND NO FUND NAME AMOUNT
347 3,273
354
361
362
363
364
366
368
369
370
374
375
378
387
388
500
510
603
604
605
606
608
617
620
631
650
655
CFD 2006-1 Improvement Area A, Summerly
CFD 90-2 Tuscany Hills 3,368
11,191
22,339
17,093
29,898
8,095
CFD 2022-2 Lakeshore Improvement
CFD 2006-8S Running Deer Estates Services
CFD 2022-3 Lakeside
CFD 2023-2 Coastal Mission Trail Improvement
CFD 2005-6 City Center Townhomes
CFD 2006-2 Viscaya 18,604
20,899
7,779
CFD 2004-3 Area 1 Rosetta Canyon Improvement Area
CFD 2006-1 IA-HH Summerly Improvement
CFD 2005-4 Lakeview Villas 45
CFD 2006-4 Clurman 2,136
CFD 2006-8 Running Deer Estates
CFD 2007-5 Red Kite
1,416
1,030
CFD 2007-6 Holiday Inn Express
Capital Improvement Plan
361
5,577,244
3,694,895
59,566
33,662
1,714,488
301,550
1,551,919
25,931,764
4,462,191
499,135
29,641
13,567
Successor To RDA Area I, II, & III
Endowment Trust - Carl Graves
Endowment Trust - Korn Memorial
Public Improvement Trust
Mobile Source Air Polution Reduction
Trust Deposit & Pre Paid Expense
Successor Agency Housing
Cost Recovery System
Lake Destratification Equipment Replacement
CFD 2003-1 Law & Fire Service
CFD 2015-1s Law, Fire, Paramedic Services
Total Pooled Cash & Investments $ 99,496,441

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 SEPTEMBER 30, 2023

MAXIMUM

PERCENTAGE

DIVERSIFICATION

PERCENTAGE

CURRENT

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

0.05% $
$
$
$
$
$
$
$
$
$
50,944

21.34%

1.12%
21,635,437
1,133,455
1,536,023
5,284,899
4,261,710
11,849,400
900,000
Supra-National Agency Bond / Note
Municipal Bond / Note Unlimited
40%

1.51%
Federal Agency Collaterized Mortgage Obligation
Federal Agency Bond / Note

5.21%
(1) Unlimited
30%

4.20%
Corporate Note 11.69%
Negotiable Certificates of Deposit 0.89%
Asset-Backed Security / Collaterized Mortgage
LAIF (Local Agency Investment Funds)
30%
20% 5.22% 5,290,805
49,450,572 (2) $150 Million 48.77%
TOTAL 100.00% $ 101,393,244
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies.

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

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

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING SEPTEMBER 30, 2023
Yield Purchase Date
Daily
Maturity Rate

3.534% 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance 49,450,572
Total Investments Held with
Local Agency Investment Fund: $ 54,450,572 $ (5,000,000) $ Note:

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

PMIA/LAIF Performance Report
as of 12/20/23
Quarterly Performance
Quarter Ended 09/30/23
PMIA Average Monthly
Effective Yields(1)
(2) LAIF Apportionment Rate : 3.59 November
October
September
August
July

3.843

3.670

3.534

3.434

3.305**

3.167
(2) LAIF Earnings Ratio : 0.00009812538629360
(1)* 0.29

0.986307739

3.48 3.42
256
LAIF Administrative Cost :
(1) LAIF Fair Value Factor :
(1) PMIA Daily :
(1) PMIA Quarter to Date : June
(1) PMIA Average Life :

Pooled Money Investment Account
Monthly Portfolio Composition (1)
11/30/23
$159.4 billion
Corporate
Bonds

0.34%
Commercial
Paper Time
Deposits

3.28%

5.47% Loans

0.20%
Certificates of
Deposit/Bank Notes

8.09%
Treasuries

60.58%
Agencies

22.04%
Chart does not include $2,218,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year. ** Revised
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
CAMP
Investment Portfolio
Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
CAMP Pool Asset Summary
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
50,055.18
2,105,312.85
(2,104,424.08)

0.00 September 30, 2023 August 31, 2023
CAMP Pool 50,943.95 50,055.18
CAMP Managed Account 50,158,301.78 50,366,635.71

0.00 Total $50,209,245.73 $50,416,690.89
Closing Market Value
Cash Dividends and Income
CAMP Managed Account
$50,943.95
Asset Allocation 512.46
CAMP Pool

0.10%
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
50,366,635.71
2,097,058.50
(2,036,566.86)

0.00 (268,825.57)
Closing Market Value $50,158,301.78
Cash Dividends and Income 6,891.81
CAMP Managed
Account

99.90%

Page 1 ends

Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Transaction Summary - Money Market
Opening Market Value
Transaction Summary - Managed Account Account Total
$50,055.18 Opening Market Value $50,366,635.71 Opening Market Value $50,416,690.89 Purchases
Redemptions
2,105,312.85
(2,104,424.08)
Maturities/Calls (320,770.96)
(1,715,795.90)
2,097,058.50

0.00 Principal Dispositions
Principal Acquisitions
Unsettled Trades
Change in Current Value (268,825.57)
_______________________________________________ _______________________________________________ ____________________________________________________ Closing Market Value $50,943.95 Closing Market Value $50,158,301.78 Closing Market Value $50,209,245.73 Dividend 512.46
Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received
Less Purchased Interest Related to Interest/Coupons
Plus Net Realized Gains/Losses
68,233.53
(3,143.33)
(58,198.39)
Closing Cash Balance $0.00
Total Cash Basis Earnings $6,891.81
Earnings Reconciliation (Accrual Basis) Managed Account Total Cash Transactions Summary- Managed Account Ending Amortized Value of Securities
Ending Accrued Interest
Plus Proceeds from Sales
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Coupons/Dividends Received
Less Cost of New Purchases
Less Beginning Amortized Value of Securities
Less Beginning Accrued Interest
Dividends
52,095,010.99
274,504.36
1,717,556.60
321,083.46
66,160.33
(2,100,201.83)
(52,088,404.01)
(239,216.32)

0.00 52,145,954.94
274,504.36
3,821,980.68
321,083.46
66,160.33
Maturities/Calls
Sale Proceeds
Coupon/Interest/Dividend Income
Principal Payments
Security Purchases
250,312.50
1,717,556.60
66,160.33
70,770.96
(2,100,201.83)
(4,598.56)

0.00 (4,205,514.68) Net Cash Contribution
(52,138,459.19) Reconciling Transactions
(239,216.32)
512.46
Total Accrual Basis Earnings $46,493.58 $47,006.04

Page 2 ends

Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Account Summary Sector Allocation
Description Par Value Market Value Percent
ABS

10.36%
Cert of Deposit

1.79%
Corporate Note

22.35%
U.S. Treasury Bond / Note
Supra-National Agency Bond / Note
Municipal Bond / Note
Federal Agency Commercial
Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Asset-Backed Security
Managed Account Sub-Total
Accrued Interest
23,000,000.00
1,135,000.00
1,535,000.00
5,394,574.59
21,101,316.27
1,100,616.33
1,443,996.55
5,170,202.36

42.02 2.19

2.88 US TSY Bond / Note

42.02%

10.30 4,275,000.00
11,840,000.00
900,000.00
5,291,520.16
53,371,094.75
4,020,711.38
11,223,246.14
896,305.46
5,201,907.29
50,158,301.78 99.90%
274,504.36
50,432,806.14
50,943.95
50,483,750.09 100.00%

8.01 22.35

1.79 Fed Agy Bond /
Note

8.01%
Federal Agency
Commercial
Mortgage-Backed
Security

10.36 Supra-National
Agency Bond / Note

2.19%
Muni Bond / Note
Total Portfolio 2.88%
CAMP Pool
Total Investments
53,371,094.75
50,943.95
53,422,038.70

0.10 Joint Powers
Authority

0.10%

10.30%
Unsettled Trades 0.00 0.00
Maturity Distribution Characteristics

42.47% Yield to Maturity at Cost 3.18%

5.07%
1050
Yield to Maturity at Market
Weighted Average Days to Maturity

17.37%

15.58%

13.96%

5.45% 5.17%

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

Page 3 ends

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Issuer Summary Credit Quality (S&P Ratings)
Market Value
of Holdings
218,228.40
439,967.80
943,235.36
389,955.60
714,374.08
598,335.43
433,812.75
222,762.75
352,721.63
77,511.50
Issuer

ABBOTT LABORATORIES
AMAZON.COM INC
Percent

0.43 0.88

1.88 0.78

1.42 1.19

0.86 0.44

0.70 0.15

0.10 1.43

0.52 0.40

0.19 0.75

0.80 0.13

0.43 0.74

1.68 4.15

0.92 0.69

0.57 0.25

13.23 0.43

0.68 0.02

0.78 0.33
A
NR

1.96%
BBB+

1.91%
AAAm

0.10%
AAA

13.03%
AA3.60%

3.85%
A+

2.33%
A7.52%
AA

3.68%

AMERICAN EXPRESS CO

AMERICAN HONDA FINANCE

APPLE INC

BANK OF AMERICA CO

BERKSHIRE HATHAWAY INC

BMW FINANCIAL SERVICES NA LLC

BRISTOL-MYERS SQUIBB CO

CALIFORNIA STATE UNIVERSITY
CAMP Pool

CAPITAL ONE FINANCIAL CORP

CARMAX AUTO OWNER TRUST

CATERPILLAR INC

CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT

CHARLES SCHWAB

CHASE ISSURANCE
CINTAS CORPORATION NO. 2

CITIGROUP INC

DEERE & COMPANY

DISCOVER FINANCIAL SERVICES

FANNIE MAE

FEDERAL HOME LOAN BANKS

FIFTH THIRD AUTO TRUST

FLORIDA STATE BOARD OF ADMIN FIN CORP

FORD CREDIT AUTO OWNER TRUST

FREDDIE MAC

GENERAL DYNAMICS CORP

GM FINANCIAL CONSUMER AUTOMOBILE TRUST

GM FINANCIAL LEASINGTRUST

GOLDMAN SACHS GROUP INC

HARLEY-DAVIDSON MOTORCYCLE TRUST
50,943.95
719,555.52
260,928.63
201,453.30
97,269.00
377,529.18
402,783.31
62,855.52
216,226.35
369,412.50
842,855.66
2,085,083.50
462,791.95
348,795.93
288,110.90
127,653.15
6,643,038.29
217,957.95
341,372.56
7,888.92
AA+

62.02%
393,531.60
167,816.98

Page 4 ends

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Market Value
of Holdings
24,018.83
Issuer

HOME DEPOT INC
Percent

0.05 0.80

0.20 0.44

1.20 0.99

0.94 0.12

0.26 1.42

0.79 1.42

0.74 0.60

0.61 0.89

0.33 0.79

0.78 0.24

0.40 0.12

0.18 0.07

0.17 1.25

0.77 0.90

1.55 42.04

0.40 0.16

0.43 HONDA AUTO RECEIVABLES

HYUNDAI AUTO RECEIVABLES

IBM CORP

INTER-AMERICAN DEVELOPMENT BANK

INTL BANK OF RECONSTRUCTION AND DEV

JP MORGAN CHASE & CO

LOCKHEED MARTIN CORP

LOS ANGELES COMMUNITY COLLEGE DISTRICT

MICROSOFT CORP
401,425.21
98,184.40
218,854.35
604,366.33
496,250.00
471,173.43
57,955.26
129,381.00
711,781.50
395,024.00
712,200.25
371,020.25
302,487.25
307,163.79
446,455.35
166,415.38
396,635.20
391,038.73
120,195.40
199,210.00
58,493.40

MORGAN STANLEY

NATIONAL AUSTRALIA BANK LTD

NATIONAL RURAL UTILITIES CO FINANCE CORP

NEW YORK ST URBAN DEVELOPMENT CORP

NISSAN AUTO RECEIVABLES

NORDEA BANK ABP

PACCAR FINANCIAL CORP

PNC FINANCIAL SERVICES GROUP

ROCHE HOLDINGS INC

SAN JUAN UNIFIED SCHOOL DISTRICT

STATE OF CALIFORNIA

STATE OF CONNECTICUT

STATE OF MINNESOTA

TARGET CORP

TEXAS INSTRUMENTS INC

THE BANK OF NEW YORK MELLON CORPORATION

THE WALT DISNEY CORPORATION

TORONTO-DOMINION BANK

TOYOTA MOTOR CORP

UNITED STATES TREASURY

UNITEDHEALTH GROUP INC

UNIVERSITY OF CALIFORNIA

USAA CAPITAL CORP
92,045.00
36,091.12
83,239.06
628,378.99
386,226.80
449,850.11
777,545.56
21,101,316.27
202,424.63
79,293.10
216,345.83

Page 5 ends

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Total $50,209,245.73 100.00%

Page 6 ends

Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0
912828YY0
912828ZW3
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
912828U24
400,000.00 AA+
400,000.00 AA+
150,000.00 AA+
200,000.00 AA+
400,000.00 AA+
75,000.00 AA+
950,000.00 AA+
200,000.00 AA+
250,000.00 AA+
750,000.00 AA+
800,000.00 AA+
900,000.00 AA+
900,000.00 AA+
250,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
01/13/23
08/05/20
04/01/21
11/02/21
12/02/21
02/10/22
01/04/22
09/01/22
05/03/22
08/01/22
07/05/22
06/02/22
08/08/22
11/01/22
01/17/23
08/07/20
04/05/21
11/04/21
12/06/21
02/14/22
01/06/22
09/06/22
05/05/22
08/04/22
07/08/22
06/06/22
08/15/22
11/04/22
384,750.00 4.68
427,531.25 0.18
147,093.75 0.72
194,539.06 1.05
387,968.75 1.13
71,458.01 1.92
926,843.75 1.33
179,007.81 3.53
226,250.00 3.03
690,468.75 2.74
732,343.75 2.84
819,035.16 2.94
819,562.50 3.04
228,144.53 4.39
589.67
1,769.02

94.77 395,091.03
407,829.36
148,801.43
197,042.89
393,344.76
72,827.76
394,062.48
382,625.00
137,835.93
180,750.00
361,500.00
67,558.59

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

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

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
189.54
379.07
235.39
2,981.66
210.60
263.25
789.74
842.39
947.69
947.69
1,888.59

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

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

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
936,150.36
184,757.08
234,135.98
707,752.02
752,859.46
844,777.28
842,481.07
233,059.04
855,742.14
178,000.00
222,500.00
667,500.00
712,000.00
801,000.00
801,000.00
229,921.88

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

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

Page 7 ends

Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24
912828U24
912828U24
91282CEN7
91282CFB2
91282CFB2
91282CFB2
91282CFB2
975,000.00 AA+
2,100,000.00 AA+
9,500,000.00 AA+
1,200,000.00 AA+
375,000.00 AA+
600,000.00 AA+
800,000.00 AA+
825,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
01/04/23
12/05/22
01/13/23
01/31/23
05/01/23
07/03/23
03/02/23
06/02/23
01/06/23
12/07/22
01/17/23
02/03/23
05/05/23
07/07/23
03/06/23
06/06/23
907,092.77 3.96
1,954,066.41 3.92
8,922,578.13 3.72
1,155,421.88 3.70
362,329.10 3.62
565,640.63 4.30
746,531.25 4.44
786,779.30 3.97
7,365.49
15,864.13
71,766.30
13,809.78
1,737.43
2,779.89
3,706.52
3,822.35
920,009.12
1,984,287.54
9,028,727.93
1,162,337.68
363,548.72
567,630.47
753,480.86
789,729.05
896,695.31
1,931,343.75
8,737,031.25
1,122,187.44
349,335.94
558,937.50
745,250.00
768,539.06

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

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

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
Security Type Sub-Total 23,000,000.00 21,635,436.54 3.44 132,980.96 21,920,660.89 21,101,316.27 Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6
4581X0DZ8
500,000.00 AAA
635,000.00 AAA
Aaa
Aaa
11/17/20
09/15/21
11/24/20
09/23/21
498,925.00 0.32
634,530.10 0.52
440.97

70.56 499,946.99
634,846.51
496,250.00
INTER-AMERICAN DEVEL BK NOTES 604,366.33
DTD 09/23/2021 0.500% 09/23/2024
Security Type Sub-Total
Municipal Bond / Note
1,135,000.00 1,133,455.10 0.43 511.53 1,134,793.50 1,100,616.33 CT ST TXBL GO BONDS 20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 299.70 60,000.00 58,493.40 DTD 06/11/2020 1.998% 07/01/2024

Page 8 ends

Managed Account Detail of Securities Held

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5
650036DT0
91412HGE7
341271AD6
341271AD6
341271AD6
60412AVJ9
798306WP7
54438CYK2
13077DQD7
13063D3N6
100,000.00 AA325,000.00 NR
85,000.00 AA
65,000.00 AA
85,000.00 AA
160,000.00 AA
100,000.00 AAA
130,000.00 NR
140,000.00 AA+
85,000.00 AA200,000.00 AAAa1
NR
11/06/19
12/16/20
07/10/20
09/03/20
09/03/20
09/03/20
08/11/20
10/16/20
10/30/20
07/09/21
03/09/23
12/05/19
12/23/20
07/16/20
09/16/20
09/16/20
09/16/20
08/25/20
10/29/20
11/10/20
07/29/21
03/15/23
100,000.00 2.10
325,000.00 0.87
85,000.00 0.88
65,459.55 1.11
85,563.55 1.12
160,000.00 1.26
100,000.00 0.63
130,000.00 0.85
140,000.00 0.77
85,000.00 0.86
200,000.00 4.85
350.17
125.67
283.54
204.42
267.32
503.20
105.00
184.60
180.37
305.29
807.67
100,000.00
325,000.00
85,000.00
65,167.90
85,205.89
160,000.00
100,000.00
130,000.00
140,000.00
85,000.00
200,000.00
97,269.00
302,487.25
79,293.10
60,410.35
78,998.15
148,702.40
92,045.00
120,195.40
129,381.00
77,511.50
199,210.00

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

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

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

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

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

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

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

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,535,000.00 1,536,023.10 1.59 3,616.95 1,535,373.79 1,443,996.55 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+
275,000.00 AA+
Aaa
Aaa
03/19/20
04/11/23
03/25/20
04/14/23
262,382.81 1.95
263,613.28 4.37
637.92
629.06
253,088.47
265,562.67
242,336.21
FHMS K054 A2 3137BNGT5 259,884.21
DTD 04/20/2016 2.745% 01/01/2026

Page 9 ends

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Value Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72
3137BTUM1
3137BXQY1
3137F1G44
3137HAD45
3137HACX2
3136BQDE6
3137HAMH6
3137HAMS2
550,000.00 AA+
380,000.00 AA+
550,000.00 AA+
550,000.00 AA+
439,574.59 AA+
550,000.00 AA+
550,000.00 AA+
800,000.00 AA+
500,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
04/06/23
05/19/23
08/16/23
06/08/23
07/19/23
07/13/23
07/18/23
09/07/23
09/20/23
04/12/23
05/24/23
08/18/23
06/13/23
07/27/23
07/20/23
07/31/23
09/14/23
09/28/23
526,839.84 4.02
368,303.13 4.31
518,804.69 4.98
527,033.20 4.44
439,563.61 4.78
555,493.40 4.59
540,675.78 4.58
788,165.60 4.99
494,023.50 5.07
1,215.96
1,059.88
1,477.67
1,486.38
1,749.87
2,208.71
1,920.42
3,100.00
2,000.00
530,140.21
369,512.83
519,867.89
528,853.34
439,564.02
555,267.86
540,997.48
788,268.43
494,032.79
511,969.52
359,902.80
516,090.58
515,055.44
431,373.87
539,882.46
525,507.52
777,256.33
490,943.42
FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
Security Type Sub-Total 5,394,574.59 5,284,898.84 4.52 17,485.87 5,285,155.99 5,170,202.36 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1
3137EAEZ8
3135G06H1
325,000.00 AA+
350,000.00 AA+
325,000.00 AA+
Aaa
Aaa
Aaa
10/14/20
11/03/20
11/23/20
10/16/20
11/05/20
11/25/20
323,787.75 0.25
349,685.00 0.28
324,629.50 0.29
186.20
352.43
279.86
324,983.39
349,989.65
324,980.75
324,319.45
348,282.55
322,413.98

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

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

Page 10 ends

Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2
3130AJHU6
3135G03U5
3137EAEU9
3135G05X7
3130AK5E2
3137EAEX3
3135G06G3
300,000.00 AA+
350,000.00 AA+
350,000.00 AA+
425,000.00 AA+
350,000.00 AA+
150,000.00 AA+
700,000.00 AA+
650,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
12/02/20
04/15/20
04/22/20
07/21/20
08/25/20
09/10/20
09/23/20
11/09/20
12/04/20
04/16/20
04/24/20
07/23/20
08/27/20
09/11/20
09/25/20
11/12/20
299,703.00 0.28
348,264.00 0.60
349,279.00 0.67
422,883.50 0.48
348,362.00 0.47
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57
243.75
811.81
966.15
309.90
131.25

42.19 299,982.64
349,466.07
349,775.08
424,235.32
349,376.77
149,825.84
699,164.82
649,018.60
297,312.90
325,665.55
325,922.10
390,072.65
319,979.10
137,126.40
638,355.90
591,260.80

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

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

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

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

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

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

58.33 FANNIE MAE NOTES 1,300.00
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
4,275,000.00 4,261,709.75 0.44 4,681.87 4,270,798.93 4,020,711.38

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7
808513BN4
400,000.00 A105,000.00 AA3
A2
02/12/19
03/16/21
02/15/19
03/18/21
402,848.00 3.34
104,947.50 0.77
2,644.44

28.44 400,133.40
104,991.90
396,635.20
CHARLES SCHWAB CORP NOTES 102,519.48
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6
61746BDQ6
210,000.00 A A1
A1
04/19/21
07/19/19
04/26/21
07/23/19
209,775.30 0.54
422,916.00 2.59
452.08 209,957.36
402,775.70
203,806.89
MORGAN STANLEY CORP NOTES 400,000.00 A- 6,544.44 395,024.00 DTD 04/28/2014 3.875% 04/29/2024

Page 11 ends

Managed Account Detail of Securities Held

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2
38141EC23
400,000.00 A- A3
A2
07/11/19
07/08/19
07/15/19
07/11/19
398,016.00 2.51
418,632.00 2.84
2,506.67
3,550.56
399,703.88
402,042.75
389,955.60
GOLDMAN SACHS GROUP INC (CALLABLE) 393,531.60
BONDS
400,000.00 BBB+
DTD 07/08/2014 3.850% 07/08/2024

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8
254687FK7
69371RQ66
70,000.00 A A2
A2
A1
08/09/21
09/03/19
10/22/20
08/12/21
09/06/19
10/29/20
69,993.70 0.75
398,368.00 1.84
182,894.25 0.73

71.46 602.78
481.25
69,998.18
399,700.50
177,498.24
67,029.20
386,226.80
166,415.38

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
400,000.00 APACCAR FINANCIAL CORP CORPORATE 175,000.00 A+ NOTES
DTD 02/06/2020 1.800% 02/06/2025

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0
771196BT8
437076CM2
80,000.00 BBB+
410,000.00 AA
A2
Aa2
A2
03/01/22
03/03/22
03/24/22
03/04/22
03/10/22
03/28/22
79,919.20 2.29
410,000.00 2.13
24,956.25 2.76
135.00
509.90
311.25
79,961.66
410,000.00
24,977.93
76,009.76
391,038.73
24,018.83

ROCHE HOLDINGS INC (CALLABLE)

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

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

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7
17252MAP5
225,000.00 BBB+
65,000.00 AA3A3
08/28/20
04/26/22
09/01/20
05/03/22
249,738.75 0.88
64,985.70 3.46
3,176.25
934.38
233,357.88
64,992.44
216,226.35
CINTAS CORPORATION NO. 2 CORP NOTE 62,855.52
(CALL
DTD 05/03/2022 3.450% 05/01/2025

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 3,164.06 224,602.93 216,345.83

Page 12 ends

Managed Account Detail of Securities Held

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A315,000.00 AA3
A1
10/16/20 10/20/20
06/01/21
252,247.50 0.80
315,000.00 0.82
2,975.00
865.20
234,003.37
315,000.00
217,957.95
JPMORGAN CHASE & CO (CALLABLE) CORP 304,504.83
NOTE
46647PCH7 05/24/21
DTD 06/01/2021 0.824% 06/01/2025

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8
63254ABD9
475,000.00 AA
250,000.00 AAA1 06/03/2005/31/22
06/05/20
06/09/22
474,767.25 0.81
250,000.00 3.50
1,245.56
2,722.22
474,922.03
250,000.00
439,967.80
NATIONAL AUSTRALIA BK/NY CORPORATE 241,655.75
NOTES
Aa3
DTD 06/09/2022 3.500% 06/09/2025

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 507.92 49,992.61 48,161.00 DTD 05/04/2022 3.450% 06/15/2025

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9
06051GFS3
002824BM1
225,000.00 A225,000.00 A225,000.00 AAA3
A1
07/20/22
08/18/20
09/24/20
07/27/22
08/20/20
09/28/20
225,000.00 4.00
256,918.50 0.93
257,845.50 0.86
1,600.00
1,453.13
387.50
225,000.00
236,834.75
236,890.03
218,854.35
218,050.88
218,228.40

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

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
Aa3
DTD 03/22/2017 3.875% 09/15/2025

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8
46647PCV6
91324PEC2
225,000.00 A175,000.00 A225,000.00 A+A1
A1
A2
12/01/21
02/16/22
05/17/21
12/06/21
02/24/22
05/19/21
225,000.00 1.53
175,000.00 2.60
224,608.50 1.19
1,099.69
466.74
977.50
225,000.00
175,000.00
224,794.37
212,653.58
166,668.60
202,424.63

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

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

Page 13 ends

Managed Account Detail of Securities Held

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00
225,000.00
A
A
A2
A2
08/12/21 08/16/21
01/13/22
174,947.50 1.26
223,863.75 1.81
297.74
881.88
174,969.86
224,254.36
155,733.55
CATERPILLAR FINL SERVICE CORPORATE 201,453.30
NOTES
14913R2U0 01/11/22
DTD 01/10/2022 1.700% 01/08/2027

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7
06406RBA4
40,000.00 A
A
A2
A1
01/19/22
01/26/22
01/24/22
01/28/22
39,932.00 1.99
473,945.50 2.10
164.67 39,955.02 36,091.12

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
475,000.00 1,758.16 474,298.73 424,572.10
DTD 01/26/2022 2.050% 01/26/2027

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9
025816CS6
750,000.00 AAA
300,000.00 BBB+
Aaa
A2
03/14/23
01/13/23
03/17/23
01/18/23
721,942.50 4.36
277,203.00 4.59
3,781.25
573.75
725,849.24
281,078.19
711,781.50
AMERICAN EXPRESS CO CORP NOTES 271,137.90
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2
808513BW4
63254ABE7
475,000.00 AA
300,000.00 A500,000.00 AAAa2A2
03/15/22
02/17/23
01/13/23
03/17/22
02/22/23
01/18/23
466,089.00 2.70
284,925.00 4.66
488,325.00 4.50
485.56
4,950.00
6,074.44
468,839.49
287,147.53
490,189.50
433,812.75
275,009.70
470,544.50

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

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

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3
89236TKQ7
775,000.00 AA+
375,000.00 A+
Aaa
A1
01/19/23
02/08/23
01/23/23
02/10/23
741,062.75 3.94
376,282.50 4.55
1,186.18
3,805.99
746,094.20
376,116.21
714,374.08
TOYOTA MOTOR CREDIT CORP CORPORATE 365,781.00
NOTES
DTD 01/12/2023 4.625% 01/12/2028

Page 14 ends

Managed Account Detail of Securities Held

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A85,000.00 A+
375,000.00 A+
60,000.00 AA1
Aa3
A2
02/17/23 02/22/23
05/18/23
03/13/23
05/25/23
07/25/23
329,189.00 4.76
87,043.40 4.04
358,263.75 4.93
59,892.00 4.49
377,865.00 4.78
1,785.00
499.61
331,728.61
86,880.22
360,136.73
59,899.67
377,757.72
322,859.25
83,239.06
352,721.63
57,955.26
369,412.50

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5
110122DE5
539830BZ1
24422EXB0
05/11/23
03/09/23
05/23/23
07/21/23

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
1,665.63
LOCKHEED MARTIN CORP NOTES 934.50
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
A2

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
375,000.00 A A2 3,970.31
DTD 07/14/2023 4.950% 07/14/2028
Security Type Sub-Total
Certificate of Deposit
11,840,000.00 11,849,400.30 2.88 72,228.09 11,757,327.19 11,223,246.14

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1
65558UYF3
450,000.00 A A1 10/27/22
11/02/22
10/31/22
11/03/22
450,000.00 5.58 23,450.00 450,000.00 449,850.11

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
450,000.00 AA- Aa3 450,000.00 5.53 10,230.50 450,000.00 446,455.35 Security Type Sub-Total
Asset-Backed Security
900,000.00 900,000.00 5.56 33,680.50 900,000.00 896,305.46 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7
44933LAC7
7,905.67 AAA
32,583.46 AAA
NR
NR
05/18/21
04/20/21
05/26/21
04/28/21
7,905.00 0.41
32,580.04 0.38

0.99 5.50
7,905.40 7,888.92
HART 2021-A A3 32,581.93 31,940.46
DTD 04/28/2021 0.380% 09/15/2025

Page 15 ends

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Value Asset-Backed Security
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
14318MAD1
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
174,780.61 AAA
176,061.06 AAA
85,713.92 NR
57,634.38 AAA
68,549.39 AAA
195,000.00 AAA
73,291.67 AAA
210,000.00 AAA
140,000.00 AAA
275,000.00 AAA
245,000.00 AAA
245,000.00 AAA
170,000.00 NR
130,000.00 AAA
Aaa
NR
06/15/21
06/08/21
11/16/21
04/13/21
11/09/21
09/20/21
10/13/21
07/12/22
09/20/22
10/04/22
01/24/23
10/27/22
02/13/23
03/28/23
06/23/21
06/14/21
11/24/21
04/21/21
11/17/21
09/27/21
10/21/21
07/20/22
09/28/22
10/12/22
01/30/23
11/03/22
02/23/23
03/31/23
174,777.64 0.33
176,042.09 0.26
85,695.85 0.89
57,621.95 0.52
68,534.09 0.75
194,958.25 0.58
73,289.79 0.68
209,995.04 3.97
139,971.03 4.46
274,954.93 4.82
244,999.88 4.63
244,961.56 4.95
169,982.88 5.05
129,986.44 4.65

25.63 20.34
174,779.21
176,051.93
85,703.89
57,628.25
68,540.46
194,975.14
73,290.54
209,996.30
139,977.33
274,963.95
244,999.90
244,968.62
169,985.02
129,987.84
169,532.87
171,214.08
82,427.16
55,915.79
66,243.94
185,495.58
70,371.69
205,012.84
137,630.92
271,000.87
240,550.48
241,607.22
167,816.98
127,653.15
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
Aaa
NR

20.95 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026

13.32 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
NR 22.55
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
Aaa
Aaa
NR

50.27 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026

20.77 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
370.53
277.51
552.29
504.16
539.00
381.56
268.67
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
Aaa
GMCAR 2022-4 A3 NR
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
NR
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
NR
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
Aaa
FORDO 2023-A A3 NR
DTD 03/31/2023 4.650% 02/15/2028

Page 16 ends

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Value Asset-Backed Security
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1
254683CY9
05522RDG0
02582JJZ4
14041NGD7
254683CZ6
31680EAD3
161571HT4
02582JKD1
320,000.00 AAA
320,000.00 NR
170,000.00 AAA
190,000.00 AAA
490,000.00 AAA
350,000.00 AAA
350,000.00 AAA
405,000.00 AAA
410,000.00 AAA
NR
Aaa
NR
08/15/23
04/04/23
06/08/23
06/07/23
05/17/23
06/21/23
08/15/23
09/07/23
09/12/23
08/22/23
04/11/23
06/16/23
06/14/23
05/24/23
06/28/23
08/23/23
09/15/23
09/19/23
319,934.02 5.42
319,981.44 4.31
169,961.51 4.79
189,983.15 4.87
489,887.64 4.43
349,952.72 4.93
349,978.30 5.53
404,887.73 5.17
409,981.67 5.23
625.16
612.98
361.91
411.24
962.58
766.89
860.22
928.80
714.77
319,935.63
319,983.22
169,963.80
189,984.17
489,895.67
349,955.20
349,978.77
404,887.68
409,980.85
318,998.05
311,577.09
167,630.97
187,483.34
477,948.30
345,782.99
348,795.93
402,783.31
408,604.36
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
NR
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
NR
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
Aaa
Aaa
NR
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
AMXCA 2023-3 A NR
DTD 09/19/2023 5.230% 09/15/2028
Security Type Sub-Total 5,291,520.16
53,371,094.75
5,290,804.64 4.17

3.18 9,318.59 5,290,900.70
52,095,010.99
5,201,907.29
Managed Account Sub-Total 50,158,301.78
Joint Powers Authority
CAMP Pool
51,891,728.27 274,504.36
50,943.95 AAAm
50,943.95
NR 50,943.95 0.00 50,943.95 50,943.95
Liquid Sub-Total 50,943.95 0.00 50,943.95 50,943.95

Page 17 ends

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Securities Sub-Total
Accrued Interest
Total Investments
$53,422,038.70 $51,942,672.22 3.18% $274,504.36 $52,145,954.94 $50,209,245.73 $274,504.36
$50,483,750.09

Page 18 ends

Managed Account Fair Market Value & Analytics

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

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

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

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

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

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

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

US TREASURY NOTES
91282CDV0
912828YY0
912828ZW3
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
912828U24
912828U24
912828U24
912828U24
400,000.00 CITIGRP
400,000.00 WELLS_F
150,000.00 GOLDMAN
200,000.00 BNP_PAR
400,000.00 CITIGRP
75,000.00 BMO

98.52 95.66

91.89 90.38

90.38 90.08

90.08 89.00

89.00 89.00

89.00 91.97

91.97 91.97

91.97 394,062.48
382,625.00
137,835.93
180,750.00
361,500.00
67,558.59
9,312.48
(44,906.25)
(9,257.82)
(13,789.06)
(26,468.75)
(3,899.42)
(71,101.61)
(1,007.81)
(3,750.00)
(22,968.75)
(20,343.75)
(18,035.16)
(18,562.50)
1,777.35
(1,028.55)
(25,204.36)
(10,965.50)
(16,292.89)
(31,844.76)
(5,269.17)

0.34 1.24

1.75 2.24

2.24 2.56

2.56 2.81

2.81 2.81

2.81 3.02

3.02 3.02

3.02 5.39

5.39 5.16

4.95 4.95

4.88 4.88

4.82 4.82

4.80 4.80

4.80 4.80
950,000.00 CITIGRP
200,000.00 BMO
855,742.14
178,000.00
222,500.00
667,500.00
712,000.00
801,000.00
801,000.00
229,921.88
896,695.31
1,931,343.75
8,737,031.25
(80,408.22)
(6,757.08)
250,000.00 HSBC
750,000.00 BMO
(11,635.98)
(40,252.02)
(40,859.46)
(43,777.28)
(41,481.07)
(3,137.16)
800,000.00 HSBC
900,000.00 MERRILL
900,000.00 BMO
250,000.00 BMO
975,000.00 BMO (10,397.46)
(22,722.66)
(185,546.88)
(23,313.81)
(52,943.79)
(291,696.68)
2,100,000.00 HSBC
9,500,000.00 JPM_CHA
DTD 11/15/2016 2.000% 11/15/2026

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

Page 19 ends

Managed Account Fair Market Value & Analytics

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

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027

US TREASURY N/B NOTES
91282CEN7
91282CFB2
91282CFB2
91282CFB2
91282CFB2
1,200,000.00 BNP_PAR
375,000.00 MORGAN_
600,000.00 CITIGRP
800,000.00 BMO

93.52 93.16

93.16 93.16

93.16 1,122,187.44
349,335.94
558,937.50
745,250.00
768,539.06
(33,234.44)
(12,993.16)
(6,703.13)
(1,281.25)
(18,240.24)
(40,150.24)
(14,212.78)
(8,692.97)
(8,230.86)
(21,189.99)

3.39 3.64

3.64 3.64

3.64 4.74

4.72 4.72

4.72 4.72
DTD 07/31/2022 2.750% 07/31/2027
US TREASURY N/B NOTES 825,000.00 HSBC
DTD 07/31/2022 2.750% 07/31/2027
Security Type Sub-Total 23,000,000.00 21,101,316.27 (534,120.27) (819,344.62) 2.95 4.82 Supra-National Agency Bond / Note

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

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
459058JM6
4581X0DZ8
500,000.00 TD 99.25

95.18 496,250.00
604,366.33
(2,675.00) (3,696.99) 0.16

0.98 5.29
635,000.00 JPM_CHA (30,163.77) (30,480.18) 5.63
Security Type Sub-Total
Municipal Bond / Note
1,135,000.00 1,100,616.33 (32,838.77) (34,177.17) 0.61 5.48 CT ST TXBL GO BONDS 20772KJW0
157411TK5
650036DT0
91412HGE7
341271AD6
341271AD6
60,000.00 SIEBERT
100,000.00 RBC

97.49 97.27

93.07 93.29

92.94 92.94
58,493.40
97,269.00
302,487.25
79,293.10
60,410.35
78,998.15
(1,506.60)
(2,731.00)
(22,512.75)
(5,706.90)
(5,049.20)
(6,565.40)
(1,506.60)
(2,731.00)
(22,512.75)
(5,706.90)
(4,757.55)
(6,207.74)

0.75 0.83

1.45 1.53

1.74 1.74

5.44 5.48

5.90 5.25

5.54 5.54
DTD 06/11/2020 1.998% 07/01/2024

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

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

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

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

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
325,000.00 WELLS_F
85,000.00 JPM_CHA
65,000.00 MERRILL
85,000.00 MERRILL
04/15/25

Page 20 ends

Managed Account Fair Market Value & Analytics

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

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

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

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

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

92.94 92.05

92.46 92.42

91.19 99.61
148,702.40
92,045.00
120,195.40
129,381.00
77,511.50
199,210.00
(11,297.60)
(7,955.00)
(9,804.60)
(10,619.00)
(7,488.50)
(790.00)
(11,297.60)
(7,955.00)
(9,804.60)
(10,619.00)
(7,488.50)
(790.00)

1.74 1.83

1.83 1.83

2.07 3.18

5.54 5.23

5.21 5.15

5.38 4.97
DTD 07/29/2021 0.862% 11/01/2025

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,535,000.00 1,443,996.55 (92,026.55) (91,377.24) 1.80 5.42 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
FNA 2023-M6 A2
3137BGK24
3137BNGT5
3137BSP72
3137BTUM1
3137BXQY1
3137F1G44
3137HAD45
3137HACX2
3136BQDE6
250,000.00 CITIGRP
275,000.00 BAIRD

96.93 94.50

93.09 94.71

93.83 93.65

98.13 98.16

95.55 242,336.21
259,884.21
511,969.52
359,902.80
516,090.58
515,055.44
431,373.87
539,882.46
525,507.52
(20,046.60)
(3,729.07)
(14,870.32)
(8,400.33)
(2,714.11)
(11,977.76)
(8,189.74)
(15,610.94)
(15,168.26)
(10,752.26)
(5,678.46)
(18,170.69)
(9,610.03)
(3,777.31)
(13,797.90)
(8,190.15)
(15,385.40)
(15,489.96)

1.11 2.08

2.69 2.77

3.07 3.21

3.29 4.05

4.21 5.78

5.34 5.28

5.21 5.20

5.23 5.23

5.26 5.25
550,000.00 BREAN
380,000.00 CITIGRP
550,000.00 MORGAN_
550,000.00 CITIGRP
439,574.59 JPM_CHA
550,000.00 JPM_CHA
550,000.00 JPM_CHA
DTD 07/01/2023 4.190% 07/01/2028

Page 21 ends

Managed Account Fair Market Value & Analytics

97.16 98.19
777,256.33
490,943.42
(10,909.27)
(3,080.08)
(11,012.10)
(3,089.37)

4.19 4.23

5.32 5.22
DTD 09/01/2023 4.800% 09/01/2028
Security Type Sub-Total 5,394,574.59 5,170,202.36 (114,696.48) (114,953.63) 3.40 5.28 Federal Agency Bond / Note

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

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

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

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

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

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

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

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

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

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

99.79 99.51

99.20 99.10

93.05 93.12

91.78 91.42

91.42 91.19

90.96 324,319.45
348,282.55
322,413.98
297,312.90
325,665.55
325,922.10
390,072.65
319,979.10
137,126.40
638,355.90
591,260.80
531.70
(1,402.45)
(2,215.52)
(2,390.10)
(22,598.45)
(23,356.90)
(32,810.85)
(28,382.90)
(12,423.60)
(59,537.10)
(56,412.20)
(663.94)
(1,707.10)
(2,566.77)
(2,669.74)
(23,800.52)
(23,852.98)
(34,162.67)
(29,397.67)
(12,699.44)
(60,808.92)
(57,757.80)

0.05 0.10

0.16 0.18

1.53 1.55

1.81 1.90

1.92 1.98

2.09 4.84

5.18 5.31

5.33 5.26

5.27 5.19

5.17 5.11

5.11 5.09
DTD 09/25/2020 0.375% 09/23/2025

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
4,275,000.00 4,020,711.38 (240,998.37) (250,087.55) 1.30 5.16

Page 22 ends

Managed Account Fair Market Value & Analytics

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

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

99.16 97.64
396,635.20
102,519.48
(6,212.80)
(2,428.02)
(3,498.20)
(2,472.42)

0.24 0.39

6.19 5.95
DTD 03/18/2021 0.750% 03/18/2024

BANK OF NY MELLON CORP NOTES
(CALLABLE)
06406RAS6 210,000.00 JPM_CHA 03/26/24 97.05 203,806.89 (5,968.41) (6,150.47) 0.49 5.81 DTD 04/26/2021 0.500% 04/26/2024

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

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

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

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

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

PACCAR FINANCIAL CORP CORPORATE
NOTES
61746BDQ6
02665WCZ2
38141EC23
400,000.00 WELLS_FA
400,000.00 WELLS_FA
400,000.00 SUSQ

98.76 97.49

98.38 395,024.00
389,955.60
393,531.60
(27,892.00)
(8,060.40)
(25,100.40)
(7,751.70)
(9,748.28)
(8,511.15)

0.57 0.74

0.52 6.08

5.90 04/08/24 6.01
07/30/24
05565EBU8
254687FK7
69371RQ66
70,000.00 GOLDMAN
400,000.00 JPM_CHAS
175,000.00 MERRILL

95.76 96.56

95.09 67,029.20
386,226.80
166,415.38
(2,964.50)
(12,141.20)
(16,478.87)
(2,968.98)
(13,473.70)
(11,082.86)

0.87 0.83

1.34 5.84

5.66 5.62
DTD 02/06/2020 1.800% 02/06/2025

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

ROCHE HOLDINGS INC (CALLABLE)

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

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
025816CQ0
771196BT8
437076CM2
172967JP7
80,000.00 BARCLAY
410,000.00 DEUTSCH
25,000.00 MORGAN_
225,000.00 MKTX
02/01/25
02/10/25
03/15/25

95.01 95.38

96.08 96.10
76,009.76
391,038.73
24,018.83
216,226.35
(3,909.44)
(18,961.27)
(937.42)
(3,951.90)
(18,961.27)
(959.10)

1.32 1.35

1.42 1.53

5.94 5.51

5.39 (33,512.40) (17,131.53) 5.93

Page 23 ends

Managed Account Fair Market Value & Analytics

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025

GENERAL DYNAMICS CORP (CALLABLE)

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

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

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

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
90327QD89
369550BG2
225,000.00 MERRILL
225,000.00 JPM_CHA

96.15 96.87
216,345.83
217,957.95
(7,918.42) (8,257.10) 1.54

1.42 5.95
03/15/25 5.54
06/01/24
05/03/25
(34,289.55) (16,045.42)
46647PCH7 315,000.00 JPM_CHA 96.67 304,504.83 (10,495.17) (10,495.17) 0.67 2.88 023135BQ8
63254ABD9
475,000.00 GOLDMAN
250,000.00 CITIGRP

92.62 96.66
439,967.80
241,655.75
(34,799.45)
(8,344.25)
(34,954.23)
(8,344.25)

1.58 1.64

5.47 5.59
DTD 06/09/2022 3.500% 06/09/2025

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
63743HFE7 50,000.00 RBC 96.32 48,161.00 (1,825.50) (1,831.61) 1.66 5.74 DTD 05/04/2022 3.450% 06/15/2025

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

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

ABBOTT LABORATORIES CORPORATE

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

BANK OF AMERICA CORP NOTES
(CALLABLE)
459200KS9
06051GFS3
002824BM1
225,000.00 JPM_CHA
225,000.00 MERRILL
225,000.00 US_BANC

97.27 96.91

96.99 218,854.35
218,050.88
218,228.40
(6,145.65)
(38,867.62)
(39,617.10)
(6,145.65)
(18,783.87)
(18,661.63)

1.77 1.78

1.67 5.59

5.67 06/15/25 5.52
12/06/24
02/24/25
06051GKE8
46647PCV6
225,000.00 MERRILL
175,000.00 JPM_CHA

94.51 95.24
212,653.58
166,668.60
(12,346.42)
(8,331.40)
(12,346.42)
(8,331.40)

1.17 1.38

4.19 4.72
DTD 12/06/2021 1.530% 12/06/2025

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

Page 24 ends

Managed Account Fair Market Value & Analytics

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

BMW US CAPITAL LLC (CALLABLE)

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

CATERPILLAR FINL SERVICE CORPORATE
NOTES
91324PEC2
05565EBW4
14913R2U0
225,000.00 CITIGRP
175,000.00 MITSU
225,000.00 JPM_CHA
04/15/26
07/12/26

89.97 88.99

89.53 202,424.63
155,733.55
201,453.30
(22,183.87)
(19,213.95)
(22,410.45)
(22,369.74)
(19,236.31)
(22,801.06)

2.50 2.74

3.18 5.29

5.45 5.22
DTD 01/10/2022 1.700% 01/08/2027

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

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

90.23 89.38
36,091.12 (3,840.88) (3,863.90) 3.11

3.13 5.22
475,000.00 DEUTSCH 424,572.10 (49,373.40) (49,726.63) 5.60 DTD 01/26/2022 2.050% 01/26/2027

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

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

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

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

94.90 90.38

91.33 91.67

94.11 711,781.50
271,137.90
433,812.75
275,009.70
470,544.50
(10,161.00)
(6,065.10)
(32,276.25)
(9,915.30)
(17,780.50)
(14,067.74)
(9,940.29)
(35,026.74)
(12,137.83)
(19,645.00)

2.96 3.21

3.26 3.05

3.43 4.97

5.68 5.06

5.97 5.69
475,000.00 SEEL
300,000.00 BARCLAY
500,000.00 CBAA
DTD 09/24/2021 3.300% 04/01/2027

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

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

TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
037833DB3
89236TKQ7
775,000.00 TD 06/12/27 92.18

97.54 714,374.08
365,781.00
(26,688.67)
(10,501.50)
(31,720.12)
(10,335.21)

3.52 3.89

5.11 375,000.00 WELLS_F 5.27
DTD 01/12/2023 4.625% 01/12/2028

Page 25 ends

Managed Account Fair Market Value & Analytics

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

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
637432NP6
882508BV5
110122DE5
539830BZ1
24422EXB0
350,000.00 MORGAN_
85,000.00 JPM_CHA
375,000.00 MKTX
11/07/27
01/15/28
11/20/27
04/15/28

92.25 97.93

94.06 96.59

98.51 322,859.25
83,239.06
352,721.63
57,955.26
369,412.50
(6,329.75)
(3,804.34)
(5,542.12)
(1,936.74)
(8,452.50)
(8,869.36)
(3,641.16)
(7,415.10)
(1,944.41)
(8,345.22)

3.83 3.92

3.84 4.16

4.28 5.42

5.13 5.44

5.29 5.30
60,000.00 BARCLAY
375,000.00 CITIGRP
DTD 05/25/2023 4.450% 05/15/2028

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 07/14/2023 4.950% 07/14/2028
Security Type Sub-Total
Certificate of Deposit
11,840,000.00 11,223,246.14 (626,154.16) (534,081.05) 2.21 5.44

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

NORDEA BANK ABP NEW YORK CERT
DEPOS
89115B6K1
65558UYF3
450,000.00 TD 99.97

99.21 449,850.11
446,455.35
(149.89) (149.89) 2.77

1.96 5.59
450,000.00 WELLS_F (3,544.65) (3,544.65) 5.93
DTD 11/03/2022 5.530% 11/03/2025
Security Type Sub-Total
Asset-Backed Security
900,000.00 896,305.46 (3,694.54) (3,694.54) 2.37 5.76
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
HART 2021-A A3
380144AD7
44933LAC7
7,905.67 SOCGEN 99.79

98.03 7,888.92 (16.08) (16.48) 0.06

0.37 0.54
32,583.46 BARCLAY 31,940.46 (639.58) (641.47) 1.40
DTD 04/28/2021 0.380% 09/15/2025

Page 26 ends

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
Dated Date/Coupon/Maturity CUSIP Par Broker at Mkt
Asset-Backed Security
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
DCENT 2023-A1 A
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
14318MAD1
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
43815QAC1
254683CY9
05522RDG0
174,780.61 MITSU
176,061.06 CITIGRP
85,713.92 MERRILL
57,634.38 MERRILL
68,549.39 SMBC

97.00 97.25

96.17 97.02

96.64 95.13

96.02 97.63

98.31 98.55

98.18 98.62

98.72 98.19

99.69 97.37

98.61 169,532.87
171,214.08
82,427.16
55,915.79
66,243.94
185,495.58
70,371.69
205,012.84
137,630.92
271,000.87
240,550.48
241,607.22
167,816.98
127,653.15
318,998.05
311,577.09
167,630.97
(5,244.77)
(4,828.01)
(3,268.69)
(1,706.16)
(2,290.15)
(9,462.67)
(2,918.10)
(4,982.20)
(2,340.11)
(3,954.06)
(4,449.40)
(3,354.34)
(2,165.90)
(2,333.29)
(935.97)
(5,246.34)
(4,837.85)
(3,276.73)
(1,712.46)
(2,296.52)
(9,479.56)
(2,918.85)
(4,983.46)
(2,346.41)
(3,963.08)
(4,449.42)
(3,361.40)
(2,168.04)
(2,334.69)
(937.58)

0.51 0.51

0.72 0.52

0.65 0.94

0.75 1.22

1.50 1.45

1.73 1.90

1.47 1.74

2.08 2.27

2.46 1.83

1.57 2.59

1.80 2.06

2.29 2.07

4.70 4.97

5.24 5.14

5.33 5.39

5.11 5.49

4.97 5.13
195,000.00 CITIGRP
73,291.67 JPM_CHA
210,000.00 RBC
140,000.00 WELLS_F
275,000.00 RBC
245,000.00 MERRILL
245,000.00 RBC
170,000.00 JPM_CHA
130,000.00 BNP_PAR
320,000.00 MERRILL
320,000.00 RBC (8,404.35)
(2,330.54)
(8,406.13)
(2,332.83)
DTD 04/11/2023 4.310% 03/15/2028
BACCT 2023-A1 A1 170,000.00 MERRILL
DTD 06/16/2023 4.790% 05/15/2028

Page 27 ends

Managed Account Fair Market Value & Analytics

97.54 98.80

99.66 99.45

99.66 187,483.34
477,948.30
345,782.99
348,795.93
402,783.31
408,604.36
(2,499.81)
(11,939.34)
(4,169.73)
(1,182.37)
(2,104.42)
(1,377.31)
(2,500.83)
(11,947.37)
(4,172.21)
(1,182.84)
(2,104.37)
(1,376.49)

2.41 2.42

2.47 2.14

2.68 2.68

5.19 5.02

5.22 5.61

5.29 5.31
490,000.00 RBC
350,000.00 MERRILL
350,000.00 JPM_CHA
405,000.00 JPM_CHA
410,000.00 CITIGRP
DTD 09/19/2023 5.230% 09/15/2028
Security Type Sub-Total 5,291,520.16 5,201,907.29
50,158,301.78
(88,897.35) (88,993.41) 1.90

2.49 4.69
Managed Account Sub-Total 53,371,094.75 (1,733,426.49) (1,936,709.21) 5.07 Joint Powers Authority
CAMP Pool 50,943.95 1.00 50,943.95 0.00 0.00 0.00
Liquid Sub-Total 50,943.95 50,943.95 0.00 0.00 0.00
Securities Sub-Total
Accrued Interest
Total Investments
$53,422,038.70 $50,209,245.73
$274,504.36
$50,483,750.09
($1,733,426.49) ($1,936,709.21) 2.49 5.07%

Page 28 ends

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
Trade Method
BUY
Settle Security Description CUSIP Par Total
09/07/23
09/07/23
09/12/23
09/20/23
09/14/23
09/15/23
09/19/23
09/28/23
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
FHMS K507 A2
3137HAMH6 800,000.00
405,000.00
410,000.00
500,000.00
(788,165.60)
(404,887.73)
(409,981.67)
(494,023.50)
(1,343.33) (789,508.93)
(404,887.73)
(409,981.67)
(495,823.50)
161571HT4
02582JKD1
3137HAMS2

0.00 0.00
(1,800.00)
DTD 09/01/2023 4.800% 09/01/2028
Transaction Type Sub-Total

INTEREST
2,115,000.00 (2,097,058.50) (3,143.33) (2,100,201.83)
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/01/23
09/04/23
09/01/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/04/23

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
FHMS K043 A2
13063D3N6
3137BXQY1
3136BQDE6
3137HACX2
3137BNGT5
3137F1G44
3137BTUM1
3137BSP72
3137HAD45
3137BGK24
025816CS6
200,000.00
550,000.00
550,000.00
550,000.00
275,000.00
550,000.00
380,000.00
550,000.00
439,787.86
250,000.00
300,000.00

0.00 0.00

0.00 4,469.09
1,477.67
1,920.42
2,208.71
629.06
4,469.09
1,477.67
1,920.42
2,208.71
629.06
1,486.38
1,059.88
1,215.96
1,750.72
637.92
1,486.38
1,059.88
1,215.96
1,750.72
637.92
DTD 03/01/2015 3.062% 12/01/2024

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
3,825.00 3,825.00
DTD 03/04/2022 2.550% 03/04/2027

Page 29 ends

Managed Account Security Transactions & Interest

INTEREST
09/04/23 09/04/23 AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
025816CQ0 80,000.00 0.00 900.00 900.00
DTD 03/04/2022 2.250% 03/04/2025

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

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
09/04/23
09/10/23
09/04/23
09/10/23
3130AK5E2
771196BT8
150,000.00
410,000.00

0.00 0.00
281.25 281.25
4,370.60 4,370.60
DTD 03/10/2022 2.132% 03/10/2025

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
09/12/23
09/15/23
09/15/23
09/12/23
09/15/23
09/15/23
037833DB3
44935FAD6
002824BM1
775,000.00
73,374.84
225,000.00

0.00 0.00

0.00 11,237.50

45.25 11,237.50

45.25 4,359.38 4,359.38
DTD 03/22/2017 3.875% 09/15/2025
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
AMXCA 2023-1 A
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
254683CY9
14041NGD7
14314QAC8
02582JJZ4
650036DT0
320,000.00
490,000.00
62,788.50
190,000.00
325,000.00

0.00 0.00

0.00 1,149.33
1,804.83

27.21 1,149.33
1,804.83

27.21 771.08 771.08
DTD 06/14/2023 4.870% 05/15/2028

NY ST URBAN DEV CORP TXBL REV
BONDS
1,413.75 1,413.75
DTD 12/23/2020 0.870% 03/15/2025
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
DCENT 2023-A2 A
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
89190GAC1
05522RDG0
65480JAC4
254683CZ6
192,217.77
170,000.00
140,000.00
350,000.00

0.00 0.00

41.65 678.58

41.65 678.58
520.33 520.33
1,437.92 1,437.92
DTD 06/28/2023 4.930% 06/15/2028

Page 30 ends

Managed Account Security Transactions & Interest

INTEREST
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
14318MAD1 210,000.00
350,000.00
245,000.00
245,000.00
130,000.00
195,000.00
475,000.00

0.00 694.75 694.75
31680EAD3
14041NGB1
891940AC2
344928AD8
254683CP8
084664CZ2

0.00 0.00

0.00 0.00
1,182.81
1,010.63
945.29
1,182.81
1,010.63
945.29
503.75 503.75

94.25 94.25
5,462.50 5,462.50
DTD 03/15/2022 2.300% 03/15/2027
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027

CHARLES SCHWAB CORP NOTES
(CALLABLE)
09/15/23
09/15/23
09/15/23
09/16/23
09/16/23
09/18/23
09/15/23
09/15/23
09/15/23
09/16/23
09/16/23
09/18/23
65480BAC1
44933LAC7
41285JAD0
362554AC1
36265QAD8
808513BN4
190,326.75
36,416.89
170,000.00
77,749.47
275,000.00
105,000.00

0.00 0.00

52.34 11.53

52.34 11.53
715.42

44.06 715.42

44.06 1,104.58
393.75
1,104.58
393.75
DTD 03/18/2021 0.750% 03/18/2024
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
HAROT 2021-4 A3
09/18/23
09/20/23
09/21/23
09/18/23
09/20/23
09/21/23
43815QAC1
380144AD7
43815GAC3
320,000.00
22,615.32
91,588.31

0.00 0.00

0.00 1,250.31

7.73 1,250.31

7.73 67.16 67.16
DTD 11/24/2021 0.880% 01/21/2026

Page 31 ends

Managed Account Security Transactions & Interest

INTEREST
09/23/23
09/23/23
09/23/23
09/23/23

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024

FREDDIE MAC NOTES
4581X0DZ8 635,000.00
700,000.00

0.00 1,587.50 1,587.50
3137EAEX3 0.00 1,312.50 1,312.50
DTD 09/25/2020 0.375% 09/23/2025
Transaction Type Sub-Total

MATURITY
13,021,865.71 0.00 66,160.33 66,160.33
09/08/23 09/08/23 FREDDIE MAC NOTES 3137EAEW5 250,000.00 250,000.00 312.50 250,312.50 82.50 0.00 DTD 09/04/2020 0.250% 09/08/2023
Transaction Type Sub-Total

PAYDOWNS
250,000.00 250,000.00 312.50 250,312.50 82.50 0.00
09/01/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/16/23
09/20/23
09/21/23
09/25/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/16/23
09/20/23
09/21/23
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
GMALT 2021-2 A4
3137HAD45
14314QAC8
44935FAD6
65480BAC1
89190GAC1
44933LAC7
362554AC1
380144AD7
43815GAC3
213.27
5,154.12
4,825.45
15,546.14
16,156.71
3,833.43
4,457.80
14,709.65
5,874.39
213.27
5,154.12
4,825.45
15,546.14
16,156.71
3,833.43
4,457.80
14,709.65
5,874.39

0.00 0.00

0.00 213.27
5,154.12
4,825.45
15,546.14
16,156.71
3,833.43
4,457.80
14,709.65
5,874.39

0.01 1.11

1.08 0.26

1.74 0.40

0.11 1.24

1.24 0.00

0.00 0.00

0.00 0.00
DTD 05/26/2021 0.410% 05/20/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
Transaction Type Sub-Total 70,770.96 70,770.96 0.00 70,770.96 7.19 0.00

Page 32 ends

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L Sale
Trade Method
SELL
Settle Security Description CUSIP Par Total Cost Amort Cost 09/07/23
09/08/23
09/12/23
09/20/23
09/20/23
09/14/23
09/15/23
09/19/23
09/27/23
09/27/23

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

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

US TREASURY NOTES
91282CDV0 500,000.00
325,000.00
450,000.00
100,000.00
450,000.00
491,562.50 534.99 492,097.49
319,934.57
407,533.54
90,543.82
407,447.18
10,625.00 (1,446.24)
(909.27)
FIFO
FIFO
FIFO
FIFO
FIFO
91282CDV0
91282CBC4
91282CBC4
91282CBC4
319,579.10
407,162.11
90,453.13
407,039.06
355.47
371.43

90.69 6,969.73
(36,966.80)
(8,242.18)
(30,673.83)
(39,730.98)
(8,863.07)
(36,275.07)
DTD 12/31/2020 0.375% 12/31/2025
US TREASURY NOTES 408.12
DTD 12/31/2020 0.375% 12/31/2025
Transaction Type Sub-Total
Managed Account Sub-Total
Total Security Transactions
1,825,000.00 1,715,795.90
(60,491.64)
($60,491.64)
1,760.70
65,090.20
$65,090.20
1,717,556.60
4,598.56
(58,288.08)
(58,198.39)
($58,198.39)
(87,224.63)
(87,224.63)
$4,598.56 ($87,224.63)

Page 33 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
Opening Balance
09/01/23
09/05/23
09/05/23
09/05/23
09/08/23
09/11/23
09/12/23
09/14/23
09/14/23
09/14/23
09/14/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
50,055.18
54,524.27
54,805.52
58,630.52
59,530.52
309,843.02
314,213.62
325,451.12
817,013.62
817,548.61
816,205.28
28,039.68
32,399.06
33,170.14
33,848.72
35,653.55
35,680.76
36,375.51
36,469.76
37,619.09
39,057.01
40,239.82
09/01/23
09/05/23
09/05/23
09/05/23
09/08/23
09/11/23
09/12/23
09/14/23
09/14/23
09/14/23
09/14/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
Purchase - Interest 13063D3N6
Purchase - Interest 3130AK5E2
Purchase - Interest 025816CS6
Purchase - Interest 025816CQ0
Purchase - Principal 3137EAEW5
Purchase - Interest 771196BT8
Purchase - Interest 037833DB3
Purchase - Principal 91282CDV0
Purchase - Interest 91282CDV0
Redemption - Interest 3137HAMH6
Redemption - Principal 3137HAMH6
Purchase - Interest 002824BM1
Purchase - Interest 02582JJZ4
Purchase - Interest 05522RDG0
Purchase - Interest 14041NGD7
Purchase - Interest 14314QAC8
Purchase - Interest 14318MAD1
Purchase - Interest 254683CP8
Purchase - Interest 254683CY9
Purchase - Interest 254683CZ6
Purchase - Interest 31680EAD3

1.00 1.00

1.00 4,469.09
281.25
3,825.00
900.00
250,312.50
4,370.60
11,237.50
491,562.50
534.99
(1,343.33)
(788,165.60)
4,359.38
771.08
678.58
1,804.83

27.21 694.75

94.25 1,149.33
1,437.92
1,182.81

Page 34 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/18/23
09/18/23
09/18/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/15/23
09/18/23
09/18/23
09/18/23
Purchase - Interest 344928AD8
Purchase - Interest 41285JAD0
Purchase - Interest 44933LAC7
Purchase - Interest 44935FAD6
Purchase - Interest 65480BAC1
Purchase - Interest 65480JAC4
Purchase - Interest 89190GAC1
Purchase - Interest 891940AC2
Purchase - Interest 14041NGB1
Purchase - Interest 084664CZ2
Purchase - Interest 650036DT0
Purchase - Interest 91282CDV0
Purchase - Principal 91282CDV0
Purchase - Principal 14314QAC8
Purchase - Principal 44935FAD6
Purchase - Principal 65480BAC1
Purchase - Principal 44933LAC7
Purchase - Principal 89190GAC1
Redemption - Principal 161571HT4
Purchase - Interest 808513BN4
Purchase - Interest 362554AC1
Purchase - Interest 36265QAD8

1.00 1.00

1.00 1.00
503.75
715.42
40,743.57
41,458.99
41,470.52
41,515.77
41,568.11
42,088.44
42,130.09
43,075.38
44,086.01
49,548.51
50,962.26
51,317.73
370,896.83
376,050.95
380,876.40
396,422.54
400,255.97
416,412.68
11,524.95
11,918.70
11,962.76
13,067.34

11.53 45.25

52.34 520.33

41.65 945.29
1,010.63
5,462.50
1,413.75
355.47
319,579.10
5,154.12
4,825.45
15,546.14
3,833.43
16,156.71
(404,887.73)
393.75

44.06 1,104.58

Page 35 ends

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending September 30, 2023
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Transaction Description Shares Owned
CAMP Pool
09/18/23
09/18/23
09/19/23
09/19/23
09/19/23
09/20/23
09/20/23
09/21/23
09/21/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/27/23
09/18/23
09/18/23
09/19/23
09/19/23
09/19/23
09/20/23
09/20/23
09/21/23
09/21/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/25/23
09/27/23
Purchase - Interest 43815QAC1
Purchase - Principal 362554AC1
Purchase - Principal 91282CBC4
Purchase - Interest 91282CBC4
Redemption - Principal 02582JKD1
Purchase - Interest 380144AD7
Purchase - Principal 380144AD7
Purchase - Interest 43815GAC3
Purchase - Principal 43815GAC3
Purchase - Interest 3137EAEX3
Purchase - Interest 4581X0DZ8
Purchase - Interest 3137HAD45
Purchase - Interest 3137HACX2
Purchase - Interest 3137F1G44
Purchase - Interest 3137BXQY1
Purchase - Interest 3137BTUM1
Purchase - Interest 3137BSP72
Purchase - Interest 3137BNGT5
Purchase - Interest 3137BGK24
Purchase - Interest 3136BQDE6
Purchase - Principal 3137HAD45
Purchase - Interest 91282CBC4

1.00 1.00

1.00 1.00
1,250.31
4,457.80
407,162.11
371.43
14,317.65
18,775.45
425,937.56
426,308.99
16,327.32
16,335.05
31,044.70
31,111.86
36,986.25
38,298.75
39,886.25
41,636.97
43,845.68
45,332.06
46,809.73
47,869.61
49,085.57
49,714.63
50,352.55
52,272.97
52,486.24
52,985.05
(409,981.67)

7.73 14,709.65

67.16 5,874.39
1,312.50
1,587.50
1,750.72
2,208.71
1,486.38
1,477.67
1,059.88
1,215.96
629.06
637.92
1,920.42
213.27
498.81

Page 36 ends

Account Statement

1.00 1.00

1.00 1.00
497,492.19
(494,023.50)
(1,800.00)
(3,975.02)
(247.23)
550,477.24
56,453.74
54,653.74
50,678.72
50,431.49
50,943.95
U.S. Bank Fees July 2023
Accrual Income Div Reinvestment - Distributions 512.46
Closing Balance 50,943.95
Month of Fiscal YTD
September January-September
Opening Balance
Purchases
Redemptions (Excl. Checks)
Check Disbursements
50,055.18
2,105,312.85
(2,104,424.08)

0.00 46,870.41
33,220,485.40
(33,216,411.86)

0.00 Closing Balance
Average Monthly Balance
Monthly Distribution Yield
50,943.95
112,526.99

5.55%
Closing Balance 50,943.95 50,943.95
Cash Dividends and Income 512.46 25,947.49

Page 37 ends

Investment Performance Review
CAMP Accounts
City of Lake Elsinore
Investment Performance Review
For the Quarter Ended September 30, 2023
PFM Asset Management LLC
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public Market Update
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Current Market Themes
▸ The U.S. economy is characterized by:
▹ Stronger than expected growth, supported by a resilient consumer ▹ Inflation that remains stubbornly above the Federal Reserve’s (“Fed”) target range ▹ Continued creation of new jobs by the labor market, albeit at a moderating pace ▸ Fed pauses again in rate hike campaign
▹ After hiking in July, the Federal Reserve held rates steady at the September FOMC meeting as expected
▹ The Fed’s most recent “dot plot” indicated one more rate hike for 2023 and set the stage for interest rates to remain “higher-for-longer”
▹ Updated FOMC economic projections point to stronger GDP growth expectations, higher inflation, and slightly lower unemployment for the remainder of 2023 and into 2024 ▸ Interest rates reached their highest levels since 2006-7 ▹ The U.S. government rating downgrade by Fitch had little impact, although it highlighted growing worry about the erosion of governance standards and fiscal irresponsibility ▹ Treasury yields across the curve rose during Q3. Sticky inflation, a “higher for longer” market consensus, increased Treasury borrowing, and reduced Treasury holdings by China and Japan weighed especially on the long end of the curve ▹ The next concern is the annual federal budget process and potential for a government shutdown
1 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Inflation Gradually Falling, But Sensitive to
Recently Rising Energy Prices
Factors Contributing to the Consumer Price Index
(CPI YoY)
10%
8%
6%
4%
2%
0%
-2%
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Source: Bloomberg, as of August 2023.
2 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Personal Savings and Consumer Debt Have Returned to Pre-Pandemic Levels Personal Savings Household Debt Service Payments as a Percent of Disposable Personal Income
Accumulated Excess Savings Drawdowns of Excess Savings
11%
10%
9%
$8
$7
$6
$5
$4
$3
$2
$1
$0
Consumer debt levels have returned to longer-term
historical averages after declining during the pandemic

9.85% 9.83%
Prepandemic
trend
43-year low 8.31%
8%
2016 2017 2018 2019 2020 2021 2022 2023
Source: Bloomberg and New York Fed Household Debt and Credit Report. Data as of June 30, 2023. (Left chart) Source: Federal Reserve Bank of St. Louis. Data as of April 1, 2023. (Right chart) 3 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Wages Have Caught Up to Inflation Once Again
Wage Growth vs. Inflation
Year-over-year 12%
10%
8%
Atlanta Fed Wage Growth Tracker Consumer Price Index Labor Market Stats Unemployment Rate (Sept.) 3.8%
Peaked during COVID at 14.7%
Inflation exceeds
wage growth Excess Job Openings (Sept.) 3 mil.

For each unemployed worker, there are
approximately 1.5 job openings 6% Wage growth
exceeds inflation
4%
Nonfarm Payrolls (Sept.) 336,000
Although the pace has declined, the
economy continues to create jobs at
a healthy pace 2%
0%
2016 2017 2018 2019 2020 2021 2022 2023
Source: As of September 2023. St. Louis Federal Reserve Economic Data. Excess job openings refers to the difference in job openings, as reported by JOLTS, and the total number of unemployed workers as reported by the Bureau of Labor Statistics.
4 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
GDP Remains Surprisingly Robust
U.S. Real GDP
4%

3.0%
3% 2.7% 2.6%
2%

2.2% 2.1%
1%
0%
Average
economist
forecast
-1%
-2%
-3%
-0.6%
-2.0%
1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23
2Q ‘23
3Q '23
GDP Contributors 1Q ‘22
-2.0%
2Q ‘22
-0.6%
3Q ‘22

2.7%
4Q ‘22

2.6%
1Q ‘23

2.2% The U.S. Consumer has
been the backbone of
economic growth;
historically being the
largest contributor
Real GDP 2.1%
Personal Consumption
Private Investment
Net Exports

0.0%

1.2%
-2.6%
-0.5%

1.3%
-2.1%

0.6%
-0.3%

1.1%
-1.5%

2.6%

0.6%

0.8%

0.6%

0.3%

0.9%

2.5%
-1.7%

0.6%

0.8%

0.6%

0.9%

0.0%
Gov’t Expenditures 0.6%
Source: St. Louis Federal Reserve Economic Data, Bureau of Economic Analysis. Average economist forecast sourced from Bloomberg. 5 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
The Fed’s Projections for Growth and Employment Were More Upbeat Change in Real GDP Unemployment Rate
6%
5%
4%
3%
2%
1%
0%
3%
2%
1%
0%
June Projections

2.1%
September Projections June Projections September Projections

4.1% 4.1% 4.0% 4.0% 3.8% 1.8% 1.8% 1.8%

1.5%
2023 2024 2025 2026 Longer
Run
2023 2024 2025 2026 Longer
Run
PCE Inflation Federal Funds Rate
5%
June Projections September Projections 8%
6%
4%
2%
0%
June Projections September Projections
4%
3%
2%
1%
0%

3.3% 5.6%

5.1%

2.5%

2.2% 3.9%

2.9%

2.0% 2.0%

2.5%
2023 2024 2025 2026 Longer
Run 2023 2024 2025 2026 Longer
Run
Source: Federal Reserve, latest economic projections as of September 2023. 6 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Interest Rates Are At Their Highest Levels Since 2006-07 U.S. Treasury Yield Curve

6.0%

5.45%

5.04%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

4.61% 4.70% 4.57%
15 Year Range
September 30, 2023
June 30, 2023
3-Month 2-Year 5-Year 10-Year 30-Year
Maturity
Source: Bloomberg, as of September 30, 2023.
7 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Sector Yield Spreads
Federal Agency Yield Spreads Corporate Notes A-AAA Yield Spreads

0.8%

0.6%

0.4%

0.2%

0.0%

1.2%

1.0%

0.8%

0.6%

0.4%

0.2%

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

1.0% 1.5% Agency MBS Agency CMBS Index

0.8%

0.6%

0.4%

0.2%

0.0%

1.0%

0.5%

0.0%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of September 30, 2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index. 8 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Fixed-Income Markets in Q3 2023
1-5 Year Indices
1-5 Year Indices Quarterly Returns 10-Year Average

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%

2.5%

2.0%

1.5%

1.0%

2.17%

1.67%

1.41%

1.07%

0.83% 0.87%

0.57% 0.52%

0.5%

0.0%

0.30%

0.23%
Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2023. 9 © PFM Asset Management LLC | pfmam.com
Portfolio Review
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Snapshot
Portfolio Snapshot¹
Portfolio Statistics Sector Allocation
Total Market Value
Managed Account Sub-Total
Accrued Interest
$50,483,750.09
$50,158,301.78
$274,504.36
$50,943.95
U.S. Treasury | 42%
Corporate | 22%
Pool ABS | 10%
Agency CMBS | 10%
Federal Agency | 8%
Municipal | 3%
Supranational | 2%
Negotiable CD | 2%
JointPowers Authority | <1%
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost

2.49 years

2.50 years

3.18%
Yield At Market 5.07%
Portfolio Credit Quality AA
Credit Quality - S&P Duration Distribution
Portfolio
35%
Benchmark
42%
AAA | 13%
50%
40%
30%
20%
10%
0%
AAAm | <1%
AA+ | 62%
AA| 4%
AA- | 4%
A+ | 2%
A | 4%
A- | 8%
BBB+ | 2%
Not Rated | 2%
27%
22% 21%
18%
13% 13%
4% 6%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs

1. Total market value includes accrued interest and balances invested in CAMP, as of September 30, 2023.

Yield and duration calculations exclude balances invested in CAMP.

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

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio. 10 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Account Summary
Sector Allocation Analytics
U.S. Treasury - $21,234,297 42.1%
Federal Agency - $4,025,393
Agency CMBS - $5,187,688
Supranational - $1,101,128
Municipal - $1,447,614
Negotiable CD - $929,986
Corporate - $11,295,474
ABS - $5,211,226

8.0%

10.3%

2.2%

2.9%

1.8%

22.4%

10.3%
Joint Powers Authority - $50,944 0.1%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Portf olio Allocation Sector Limit for Analysis*
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Compliance
Certificate of Compliance
During the reporting period for the quarter ended September 30, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 12 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Managed Portfolio Activity
Net Activity by Sector
($ millions)
Sector Net Activity
$3,345,545
$1,297,072
$283,402
Agency CMBS
Agency CMBS ABS
ABS
Corporate
Federal Agency
U.S. Treasury
Total Net Activity
($746,381)
($3,898,068)
$281,570
Corporate
Federal Agency
U.S. Treasury
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0
Sales/Maturities Purchases
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding. 13 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Characteristics
Managed Portfolio Historical Sector Allocation
8% 10%
22%
2%
3%
2%
4%
22%
2%
3%
2%
9% 10%
8%
50%
42%
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 14 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Portfolio Performance
Portfolio Benchmark

3.0%

2.0%

1.0%

0.0%
-1.0%
-2.0%
3 Months 1 Year 3 Years 5 Years 10 Years
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned²
Change in Market Value
Total Dollar Return
Total Return³
$287,083
($164,434)
$122,649
$855,343
$37,262
$1,752,423
($3,031,213)
($1,278,790)
$3,339,992
($890,195)
$2,449,797
$5,678,402
($1,644,439)
$892,605 $4,033,963
Portfolio 0.24%

0.23%

0.01%

2.49%

2.12%

0.37%
-1.49%
-1.76%

0.27%

1.17%

0.93%

0.23%

1.11%

0.83%

0.28%
Benchmark⁴
Difference

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

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

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

4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg. 15 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Quarterly Sector Performance
Total Return by Sector Contribution to Total Return
Price Returns Income Returns U.S. Treasury | 0.03%
Federal Agency | 0.08%
Agency CMBS | -0.05%
Supranational | 0.03%
Municipal | 0.02%
Negotiable CD | 0.03%
Commercial Paper | <0.01%
Corporate | 0.05%
ABS | 0.06%
-0.40%

0.45% Cash | 0.02% U.S. Treasury
Federal Agency
Agency CMBS
Supranational
Municipal

0.10%

0.83% 0.40%

0.30%

0.20%

0.10%

0.00%
-0.10%
- 0.84%

1.72 0.10%

1.12%

0.41%

0.28%

1.38%
Negotiable CD 0.06%
Commercial Paper
Corporate

0.00%

0.74%

0.93%
-0.49%
ABS -0.18%

18.02%
Cash 0.00%
-4.0% 0.8% 5.6% 10.4% 15.2% 20.0%
Return Return

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

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

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

4. Returns are presented on a periodic basis.
16 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Performance
Accrual Basis Earnings
Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $287,083
($209,864)
$109,325
$186,543
$855,343
($620,052)
$372,111
$607,403
$1,752,423
($540,043)
$236,220
$3,339,992
$31,670
$5,678,402
Realized Gains / (Losses)³ $89,032
Change in Amortized Cost
Total Earnings
$306,519
$3,678,181
$89,933
$1,448,600 $5,857,366

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

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

3. Realized gains / (losses) are shown on an amortized cost basis. 17 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Market Update
Fixed-Income Sector Outlook – 4Q 2023
Sector Our Investment Preferences

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

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

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

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

C O R P O R AT E S
Financials
Industrials

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

M U N I C I PA L S
Slightly
Negative
Slightly
Positive Current outlook Outlook one quarter ago Negative Neutral Positive 18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Summary
Issuer Diversification
Security Type / Issuer
U.S. Treasury
Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch

42.1% Negotiable CD 1.8%
UNITED STATES TREASURY 42.1% AA / Aaa / AA TORONTO-DOMINION BANK 0.9% A / A / NR Federal Agency 8.0% Corporate 22.4%
FANNIE MAE 3.1%

0.9%

4.0%

10.3%
AA / Aaa / AA
AA / Aaa / NR
AA / Aaa / AA

ABBOTT LABORATORIES
AMAZON.COM INC

0.4%

0.9%

0.7%

0.8%

1.4%

0.9%

0.4%

0.7%

0.4%

0.8%

0.1%

0.4%

0.7%

0.4%

0.8%

0.0%

0.4%

0.9%

0.1%

1.4%

0.8%

1.4%

0.7%
AA / Aa / NR

AA / A / AA

BBB / A / A

A / A / A

FEDERAL HOME LOAN BANKS

FREDDIE MAC AMERICAN EXPRESS CO

AMERICAN HONDA FINANCE

APPLE INC
Agency CMBS
AA / Aaa / NR

A / A / AA
AA / Aa / A

A / A / NR

A / A / A

FANNIE MAE

FREDDIE MAC
Supranational

1.0%

9.2%

2.2%
AA / Aaa / AA
AA / Aaa / AA BANK OF AMERICA CO

BERKSHIRE HATHAWAY INC

BMW FINANCIAL SERVICES NA LLC

BRISTOL-MYERS SQUIBB CO

CATERPILLAR INC

INTER-AMERICAN DEVELOPMENT BANK

INTL BANK OF RECONSTRUCTION AND DEV
Municipal

1.2%

1.0%

2.9%
AAA / Aaa / AAA
AAA / Aaa / AAA

CHARLES SCHWAB A / A / A
CALIFORNIA STATE UNIVERSITY 0.2%

0.2%
AA / Aa / NR
AA / Aa / NR
CINTAS CORPORATION NO. 2

CITIGROUP INC

A / A / NR

BBB / A / A

A / A / A

CHAFFEY JOINT UNION HIGH SCHOOL

DISTRICT
DEERE & COMPANY FLORIDA STATE BOARD OF ADMIN FIN CORP 0.6%

0.3%
AA / Aa / AA

GENERAL DYNAMICS CORP

GOLDMAN SACHS GROUP INC

HOME DEPOT INC

A / A / NR

BBB / A / A

A / A / A

LOS ANGELES COMMUNITY COLLEGE

DISTRICT
AA / Aaa / NR

NEW YORK ST URBAN DEVELOPMENT CORP

SAN JUAN UNIFIED SCHOOL DISTRICT

STATE OF CALIFORNIA

0.6%

0.2%

0.4%

0.1%

0.2%

1.8%

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

IBM CORP A / A / NR

A / A / AA

A / A / A

JP MORGAN CHASE & CO

LOCKHEED MARTIN CORP

MICROSOFT CORP

STATE OF CONNECTICUT
STATE OF MINNESOTA AAA / Aaa / NR

UNIVERSITY OF CALIFORNIA A / A / A
Negotiable CD

MORGAN STANLEY
NATIONAL AUSTRALIA BANK LTD AA / Aa / NR
NORDEA BANK ABP 0.9% AA / Aa / AA NATIONAL RURAL UTILITIES CO FINANCE A / A / A CORP
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
19 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Summary
Issuer Diversification
Security Type / Issuer
Corporate
Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch

22.4% ABS 10.3%

PACCAR FINANCIAL CORP

PNC FINANCIAL SERVICES GROUP

ROCHE HOLDINGS INC

TARGET CORP

0.3%

0.8%

0.1%

0.2%

1.3%

A / A / NR

A / A / A
TOYOTA MOTOR CORP 0.8% AAA / NR / AAA
Total 100.0%
AA / Aa / AA

A / A / A
TEXAS INSTRUMENTS INC A / Aa / NR

THE BANK OF NEW YORK MELLON A / A / AA

CORPORATION

THE WALT DISNEY CORPORATION

TOYOTA MOTOR CORP

UNITEDHEALTH GROUP INC

USAA CAPITAL CORP
ABS

0.8%

0.7%

0.4%

10.3%

A / A / A

A / A / A
AA / Aa / NR
AMERICAN EXPRESS CO 1.2%

0.3%

1.4%

0.5%

0.8%

1.7%

0.7%

0.3%

0.7%

AAA / NR / AAA

AAA / NR / AAA
AAA / Aaa / AAA
AAA / Aaa / NR

AAA / NR / AAA
AAA / Aaa / AAA

BANK OF AMERICA CO

CAPITAL ONE FINANCIAL CORP

CARMAX AUTO OWNER TRUST

CHASE ISSURANCE

DISCOVER FINANCIAL SERVICES

FIFTH THIRD AUTO TRUST

FORD CREDIT AUTO OWNER TRUST

GM FINANCIAL CONSUMER AUTOMOBILE
TRUST

GM FINANCIAL LEASINGTRUST

HARLEY-DAVIDSON MOTORCYCLE TRUST

HONDA AUTO RECEIVABLES

0.0%

0.3%

0.8%

0.2%

0.6%

AAA / NR / AAA
NR / Aaa / AAA
AAA / Aaa / AAA

AAA / NR / AAA
AAA / Aaa / NR

HYUNDAI AUTO RECEIVABLES

NISSAN AUTO RECEIVABLES
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)
BUY
7/3/2023 7/7/2023 600,000.00
550,000.00
550,000.00
440,000.00
375,000.00
320,000.00
350,000.00
550,000.00
800,000.00
405,000.00
410,000.00
500,000.00
5,850,000.00
91282CFB2
3137HACX2
3136BQDE6
3137HAD45
24422EXB0
43815QAC1
31680EAD3
3137BXQY1
3137HAMH6
161571HT4
02582JKD1
3137HAMS2

US TREASURY N/B NOTES
FHMS K505 A2

2.75%

4.81%

4.19%

4.77%

4.95%

5.41%

5.53%

3.22%

4.65%

5.16%

5.23%

4.80%
7/31/2027
6/1/2028
7/1/2028
6/1/2028
7/14/2028
2/18/2028
8/15/2028
3/1/2027
8/1/2028
9/15/2028
9/15/2028
9/1/2028
572,796.71
556,892.25
542,596.20
441,507.02
378,432.19
319,934.02
349,978.30
519,642.03
789,508.93
404,887.73
409,981.67
495,823.50
5,781,980.55

4.30%

4.59%

4.58%

4.78%

5.42%

5.53%

4.98%

4.99%

5.17%

5.23%

5.07%
7/13/2023
7/18/2023
7/19/2023
7/21/2023
8/15/2023
8/15/2023
8/16/2023
9/7/2023
7/20/2023
7/31/2023
7/27/2023
7/25/2023
8/22/2023
8/23/2023
8/18/2023
9/14/2023
9/15/2023
9/19/2023
9/28/2023
FNA 2023-M6 A2
FHMS KJ46 A1

JOHN DEERE CAPITAL CORP CORPORATE NOTES
HAROT 2023-3 A3
FITAT 2023-1 A3
FHMS K064 A2
FHMS K506 A2
9/7/2023 CHAIT 2023-A1 A
9/12/2023
9/20/2023
AMXCA 2023-3 A
FHMS K507 A2
Total BUY

INTEREST
7/1/2023

0.00 7/1/2023
7/1/2023
7/25/2023
60,000.00
310,000.00
250,000.00
20772KJW0
341271AD6
3137BGK24
CT ST TXBL GO BONDS 1.99%

1.25%

3.06%
7/1/2024
7/1/2025
12/1/2024
599.40
1,949.90
637.92
7/1/2023 FL ST BOARD OF ADMIN TXBL REV BONDS
7/1/2023 FHMS K043 A2
21 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
7/1/2023 7/25/2023
7/25/2023
7/25/2023
7/25/2023
7/8/2023
275,000.00
550,000.00
380,000.00
550,000.00
400,000.00
225,000.00
375,000.00
210,000.00
224,608.57
130,000.00
140,000.00
80,000.00
3137BNGT5
3137F1G44
3137BTUM1
3137BSP72
38141EC23
14913R2U0
89236TKQ7
14318MAD1
89190GAC1
344928AD8
65480JAC4
44935FAD6
14314QAC8
254683CZ6
87612EBM7
891940AC2
254683CY9
FHMS K054 A2 2.74%

3.24%

3.34%

2.65%

3.85%

1.70%

4.62%

3.97%

0.26%

4.65%

4.46%

0.74%

0.52%

4.93%

1.95%

4.63%

4.31%
1/1/2026 629.06
7/1/2023 FHLMC MULTIFAMILY STRUCTURED P
FHMS K061 A2
4/1/2027 1,486.38
1,059.88
1,215.96
7,700.00
1,912.50
8,671.88
694.75

48.67 7/1/2023 11/1/2026
7/1/2023 FHMS K058 A2 8/1/2026
7/8/2023 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS

CATERPILLAR FINL SERVICE CORPORATE NOTES

TOYOTA MOTOR CREDIT CORP CORPORATE NOTES
CARMX 2022-3 A3
7/8/2024
7/8/2023 7/8/2023 1/8/2027
7/12/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/12/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
1/12/2028
4/15/2027
11/17/2025
2/15/2028
5/17/2027
5/15/2026
2/17/2026
6/15/2028
1/15/2027
9/15/2027
3/15/2028
TAOT 2021-B A3
FORDO 2023-A A3 503.75
520.33

49.33 NAROT 2022-B A3
HART 2021-C A3
72,749.48 CARMX 2021-2 A3 31.52
350,000.00
40,000.00
DCENT 2023-A2 A 814.82
390.00
945.29
1,149.33

TARGET CORP CORP NOTES (CALLABLE)
245,000.00 TAOT 2023-A A3
320,000.00 DCENT 2023-A1 A
22 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/16/2023
7/16/2023
7/20/2023
7/21/2023
7/21/2023
7/23/2023
7/26/2023
7/27/2023
7/31/2023
7/31/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/16/2023
7/16/2023
7/20/2023
7/21/2023
7/21/2023
7/23/2023
7/26/2023
7/27/2023
7/31/2023
7/31/2023
222,479.99
190,000.00
44,391.84
65480BAC1
02582JJZ4
44933LAC7
41285JAD0
254683CP8
14041NGB1
14041NGD7
362554AC1
36265QAD8
380144AD7
43815GAC3
3137EAEU9
693475AV7
06406RBA4
459200KS9
91282CCP4
91282CFB2
NAROT 2021-A A3 0.33%

4.87%

0.38%

5.05%

0.58%

4.95%

4.42%

0.68%

4.82%

0.41%

0.88%

0.37%

3.50%

2.05%

4.00%

0.62%

2.75%
10/15/2025
5/15/2028
9/15/2025
12/15/2027
9/15/2026
10/15/2027
5/15/2028
9/16/2026
8/16/2027
5/20/2025
1/21/2026
7/21/2025
1/23/2024
1/26/2027
7/27/2025
7/31/2026
7/31/2027

61.18 AMXCA 2023-1 A 796.79
HART 2021-A A3 14.06
170,000.00
195,000.00
245,000.00
490,000.00
85,000.00
HDMOT 2023-A A3 715.42
DCENT 2021-A1 A1 94.25
COMET 2022-A3 A 1,010.63
3,068.22

48.17 COMET 2023-A1 A
GMCAR 2021-4 A3
275,000.00
35,000.00
GMCAR 2022-4 A3 1,104.58
GMALT 2021-2 A4 11.96
100,000.00
425,000.00
400,000.00
475,000.00
225,000.00
3,800,000.00
2,600,000.00
HAROT 2021-4 A3 73.33

FREDDIE MAC NOTES

PNC BANK NA CORP NOTES (CALLABLE)

BANK OF NY MELLON CORP (CALLABLE) CORPOR

IBM CORP CORPORATE NOTES

US TREASURY N/B NOTES

US TREASURY N/B NOTES
796.88
7,000.00
4,868.75
4,500.00
11,875.00
35,750.00
23 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
7/31/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/6/2023
8/6/2023
8/7/2023
7/31/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/1/2023
8/25/2023
8/25/2023
8/25/2023
8/25/2023
8/25/2023
8/25/2023
8/25/2023
8/25/2023
8/6/2023
8/6/2023
8/7/2023
1,750,000.00
140,000.00
130,000.00
100,000.00
225,000.00
100,000.00
380,000.00
550,000.00
550,000.00
550,000.00
250,000.00
440,000.00
550,000.00
275,000.00
175,000.00
750,000.00
350,000.00
91282CDV0
54438CYK2
798306WP7
60412AVJ9
06051GFS3
157411TK5
3137BTUM1
3137BSP72
3137F1G44
3137HACX2
3137BGK24
3137HAD45
3136BQDE6
3137BNGT5
69371RQ66
594918BY9
637432NP6

US TREASURY N/B NOTES

LOS ANGELES CCD, CA TXBL GO BONDS

SAN JUAN USD, CA TXBL GO BONDS

MN ST TXBL GO BONDS

0.87%

0.77%

0.85%

0.63%

3.87%

2.10%

3.34%

2.65%

3.24%

4.81%

3.06%

4.77%

4.19%

2.74%

1.80%

3.30%

3.40%
1/31/2024
8/1/2025
8/1/2025
8/1/2025
8/1/2025
8/1/2024
11/1/2026
8/1/2026
4/1/2027
6/1/2028
12/1/2024
6/1/2028
7/1/2028
1/1/2026
2/6/2025
2/6/2027
2/7/2028
7,656.25
541.10
553.80
315.00

BANK OF AMERICA CORP NOTES

CHAFFEY UHSD, CA TXBL GO BONDS
FHMS K061 A2
4,359.38
1,050.50
1,059.88
1,215.96
1,486.38
2,208.71
637.92
FHMS K058 A2

FHLMC MULTIFAMILY STRUCTURED P
FHMS K505 A2
FHMS K043 A2
FHMS KJ46 A1 1,751.57
1,920.42
629.06
FNA 2023-M6 A2
FHMS K054 A2

PACCAR FINANCIAL CORP CORPORATE NOTES

MICROSOFT CORP CORP NOTES (CALLABLE)

NATIONAL RURAL UTIL COOP CORP NOTES (CAL
1,575.00
12,375.00
5,950.00
24 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
8/12/2023
8/12/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/12/2023
8/12/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
175,000.00
70,000.00
05565EBW4
05565EBU8
254683CP8
41285JAD0
44935FAD6
14041NGB1
65480JAC4
882508BV5
254683CY9
65480BAC1
254683CZ6
14318MAD1
89190GAC1
344928AD8
14041NGD7
02582JJZ4
891940AC2

BMW US CAPITAL LLC (CALLABLE) CORPORATE

BMW US CAPITAL LLC CORPORATE NOTES
DCENT 2021-A1 A1

1.25%

0.75%

0.58%

5.05%

0.74%

4.95%

4.46%

4.60%

4.31%

0.33%

4.93%

3.97%

0.26%

4.65%

4.42%

4.87%

4.63%
8/12/2026
8/12/2024
9/15/2026
12/15/2027
5/15/2026
10/15/2027
5/17/2027
2/15/2028
3/15/2028
10/15/2025
6/15/2028
4/15/2027
11/17/2025
2/15/2028
5/15/2028
5/15/2028
9/15/2027
1,093.75
262.50
195,000.00 94.25
170,000.00
78,227.49
HDMOT 2023-A A3 715.42
HART 2021-C A3 48.24
245,000.00
140,000.00
85,000.00
COMET 2022-A3 A 1,010.63
520.33
1,955.00
1,149.33

56.63 NAROT 2022-B A3

TEXAS INSTRUMENTS INC CORP NOTE (CALLABL
320,000.00 DCENT 2023-A1 A
205,927.99
350,000.00
210,000.00
207,937.59
130,000.00
490,000.00
190,000.00
245,000.00
NAROT 2021-A A3
DCENT 2023-A2 A 1,437.92
694.75

45.05 CARMX 2022-3 A3
TAOT 2021-B A3
FORDO 2023-A A3 503.75
1,804.83
771.08
945.29
COMET 2023-A1 A
AMXCA 2023-1 A
TAOT 2023-A A3
25 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
8/15/2023
8/15/2023
8/15/2023
8/16/2023
8/16/2023
8/20/2023
8/20/2023
8/21/2023
8/24/2023
8/25/2023
8/30/2023
9/1/2023
8/15/2023
8/15/2023
8/15/2023
8/16/2023
8/16/2023
8/20/2023
8/20/2023
8/21/2023
8/24/2023
8/25/2023
8/30/2023
9/1/2023
170,000.00
40,296.85
67,628.11
275,000.00
82,127.25
375,000.00
35,000.00
97,490.23
175,000.00
350,000.00
400,000.00
200,000.00
250,000.00
439,787.86
550,000.00
550,000.00
275,000.00
05522RDG0
44933LAC7
14314QAC8
36265QAD8
362554AC1
110122DE5
380144AD7
43815GAC3
46647PCV6
3135G05X7
254687FK7
13063D3N6
3137BGK24
3137HAD45
3137HACX2
3137F1G44
3137BNGT5
BACCT 2023-A1 A1 4.79%

0.38%

0.52%

4.82%

0.68%

3.90%

0.41%

0.88%

2.59%

0.37%

1.75%

4.84%

3.06%

4.77%

4.81%

3.24%

2.74%
5/15/2028
9/15/2025
2/17/2026
8/16/2027
9/16/2026
2/20/2028
5/20/2025
1/21/2026
2/24/2026
8/25/2025
8/30/2024
3/1/2027
1,334.55
HART 2021-A A3 12.76
CARMX 2021-2 A3 29.31
GMCAR 2022-4 A3 1,104.58
GMCAR 2021-4 A3 46.54

BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL
GMALT 2021-2 A4
7,312.50

11.96 HAROT 2021-4 A3 71.49

JPMORGAN CHASE & CO CORP NOTES (CALLABLE

FANNIE MAE NOTES
2,270.63
656.25
3,500.00
4,469.09
637.92
1,750.72
2,208.71
1,486.38
629.06

WALT DISNEY COMPANY/THE (CALLABLE)

CA ST MUNICIPAL BONDS
9/1/2023 9/25/2023 FHMS K043 A2
9/25/2023
9/25/2023
9/25/2023
9/25/2023
12/1/2024
9/1/2023 FHMS KJ46 A1 6/1/2028
9/1/2023 FHMS K505 A2 6/1/2028
9/1/2023 FHLMC MULTIFAMILY STRUCTURED P
FHMS K054 A2
4/1/2027
9/1/2023 1/1/2026
26 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
9/1/2023
9/1/2023
9/1/2023
9/1/2023
9/4/2023
9/4/2023
9/4/2023
9/10/2023
9/12/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/25/2023
9/25/2023
9/25/2023
9/25/2023
9/4/2023
380,000.00
550,000.00
550,000.00
550,000.00
150,000.00
80,000.00
3137BTUM1
3136BQDE6
3137BSP72
3137BXQY1
3130AK5E2
025816CQ0
025816CS6
771196BT8
037833DB3
44933LAC7
14041NGD7
344928AD8
02582JJZ4
31680EAD3
084664CZ2
41285JAD0
254683CZ6
FHMS K061 A2 3.34%

4.19%

2.65%

3.22%

0.37%

2.25%

2.55%

2.13%

2.90%

0.38%

4.42%

4.65%

4.87%

5.53%

2.30%

5.05%

4.93%
11/1/2026
7/1/2028
1,059.88
1,920.42
1,215.96
1,477.67
281.25
FNA 2023-M6 A2
FHMS K058 A2 8/1/2026
FHMS K064 A2 3/1/2027

FEDERAL HOME LOAN BANK NOTES

AMERICAN EXPRESS CO CORP NOTES (CALLABLE

ROCHE HOLDINGS INC (CALLABLE) CORPORATE

APPLE INC (CALLABLE) BONDS
HART 2021-A A3
9/4/2025
9/4/2023 3/4/2025 900.00
9/4/2023 300,000.00
410,000.00
775,000.00
36,416.89
3/4/2027 3,825.00
4,370.60
11,237.50

11.53 9/10/2023
9/12/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
3/10/2025
9/12/2027
9/15/2025
5/15/2028
2/15/2028
5/15/2028
8/15/2028
3/15/2027
12/15/2027
6/15/2028
490,000.00
130,000.00
190,000.00
350,000.00
475,000.00
170,000.00
350,000.00
COMET 2023-A1 A 1,804.83
FORDO 2023-A A3 503.75
AMXCA 2023-1 A 771.08
FITAT 2023-1 A3 1,182.81
5,462.50
715.42

BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
HDMOT 2023-A A3
DCENT 2023-A2 A 1,437.92
27 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/16/2023
9/16/2023
9/18/2023
9/18/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/16/2023
9/16/2023
9/18/2023
9/18/2023
325,000.00
245,000.00
62,788.50
650036DT0
891940AC2
14314QAC8
254683CY9
05522RDG0
002824BM1
89190GAC1
14041NGB1
65480BAC1
14318MAD1
254683CP8
44935FAD6
65480JAC4
36265QAD8
362554AC1
43815QAC1
808513BN4

NY ST URBAN DEV CORP TXBL REV BONDS
TAOT 2023-A A3

0.87%

4.63%

0.52%

4.31%

4.79%

3.87%

0.26%

4.95%

0.33%

3.97%

0.58%

0.74%

4.46%

4.82%

0.68%

5.41%

0.75%
3/15/2025
9/15/2027
2/17/2026
3/15/2028
5/15/2028
9/15/2025
11/17/2025
10/15/2027
10/15/2025
4/15/2027
9/15/2026
5/15/2026
5/17/2027
8/16/2027
9/16/2026
2/18/2028
3/18/2024
1,413.75
945.29
CARMX 2021-2 A3 27.21
320,000.00
170,000.00
225,000.00
192,217.77
245,000.00
190,326.75
210,000.00
195,000.00
73,374.84
DCENT 2023-A1 A 1,149.33
678.58
4,359.38

41.65 BACCT 2023-A1 A1

ABBOTT LABORATORIES CORPORATE NOTES (CAL
TAOT 2021-B A3
COMET 2022-A3 A 1,010.63
NAROT 2021-A A3 52.34
CARMX 2022-3 A3 694.75
DCENT 2021-A1 A1 94.25
HART 2021-C A3 45.25
140,000.00
275,000.00
77,749.47
NAROT 2022-B A3 520.33
1,104.58

44.06 GMCAR 2022-4 A3
GMCAR 2021-4 A3
320,000.00
105,000.00
HAROT 2023-3 A3 1,250.31
CHARLES SCHWAB CORP NOTES (CALLABLE) 393.75
28 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

INTEREST
9/20/2023
9/21/2023
9/23/2023
9/23/2023
9/20/2023
9/21/2023
9/23/2023
9/23/2023
22,615.32
91,588.31
380144AD7
43815GAC3
4581X0DZ8
3137EAEX3
GMALT 2021-2 A4 0.41%

0.88%

0.50%

0.37%
5/20/2025
1/21/2026
9/23/2024
9/23/2025

7.73 HAROT 2021-4 A3 67.16
635,000.00 1,587.50
700,000.00
41,025,731.10

INTER-AMERICAN DEVEL BK NOTES
FREDDIE MAC NOTES 1,312.50
Total INTEREST

MATURITY
243,705.47 0.00
9/8/2023 9/8/2023 250,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25% 9/8/2023 250,312.50 Total MATURITY

PAYDOWNS
250,000.00 250,312.50 0.00
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/16/2023
7/21/2023
8/1/2023
7/15/2023 4,094.99
16,552.00
16,670.98
5,121.37
1,772.51
2,872.75
2,509.77
212.14
44933LAC7
65480BAC1
89190GAC1
14314QAC8
44935FAD6
362554AC1
43815GAC3
3137HAD45
HART 2021-A A3
NAROT 2021-A A3
TAOT 2021-B A3
CARMX 2021-2 A3
HART 2021-C A3
GMCAR 2021-4 A3
HAROT 2021-4 A3
FHMS KJ46 A1

0.38%

0.33%

0.26%

0.52%

0.74%

0.68%

0.88%

4.77%
9/15/2025
10/15/2025
11/17/2025
2/17/2026
5/15/2026
9/16/2026
1/21/2026
6/1/2028
4,094.99
16,552.00
16,670.98
5,121.37
1,772.51
2,872.75
2,509.77
212.14
7/15/2023
7/15/2023
7/15/2023
7/15/2023
7/16/2023
7/21/2023
8/25/2023
29 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

PAYDOWNS
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/16/2023
8/20/2023
8/21/2023
9/1/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/15/2023
8/16/2023
8/20/2023
8/21/2023
9/25/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/16/2023
9/20/2023
15,719.82
4,852.65
3,879.96
15,601.24
4,839.61
4,377.78
12,384.68
5,901.92
213.27
89190GAC1
44935FAD6
44933LAC7
65480BAC1
14314QAC8
362554AC1
380144AD7
43815GAC3
3137HAD45
14314QAC8
89190GAC1
44935FAD6
44933LAC7
65480BAC1
362554AC1
380144AD7
TAOT 2021-B A3
HART 2021-C A3
HART 2021-A A3
NAROT 2021-A A3
CARMX 2021-2 A3
GMCAR 2021-4 A3
GMALT 2021-2 A4
HAROT 2021-4 A3
FHMS KJ46 A1

0.26%

0.74%

0.38%

0.33%

0.52%

0.68%

0.41%

0.88%

4.77%

0.52%

0.26%

0.74%

0.38%

0.33%

0.68%

0.41%
11/17/2025
5/15/2026
9/15/2025
10/15/2025
2/17/2026
9/16/2026
5/20/2025
1/21/2026
6/1/2028
15,719.82
4,852.65
3,879.96
15,601.24
4,839.61
4,377.78
12,384.68
5,901.92
213.27
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/15/2023
9/16/2023
9/20/2023
5,154.12
16,156.71
4,825.45
3,833.43
15,546.14
4,457.80
14,709.65
CARMX 2021-2 A3
TAOT 2021-B A3
HART 2021-C A3
HART 2021-A A3
NAROT 2021-A A3
GMCAR 2021-4 A3
GMALT 2021-2 A4
2/17/2026
11/17/2025
5/15/2026
9/15/2025
10/15/2025
9/16/2026
5/20/2025
5,154.12
16,156.71
4,825.45
3,833.43
15,546.14
4,457.80
14,709.65
30 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)

PAYDOWNS
9/21/2023 9/21/2023 5,874.39 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 5,874.39 Total PAYDOWNS
SELL
188,135.13 188,135.13 0.00
7/3/2023 7/7/2023 225,000.00
275,000.00
350,000.00
150,000.00
125,000.00
550,000.00
300,000.00
100,000.00
300,000.00
325,000.00
275,000.00
325,000.00
200,000.00
500,000.00
3137EAEW5
3137EAEW5
91282CBC4
91282CBC4
91282CBC4
91282CDV0
91282CDV0
24422EVU0
91282CDV0
91282CBC4
91282CBC4
91282CDV0
91282CDV0
91282CDV0
FREDDIE MAC NOTES 0.25%

0.25%

0.37%

0.87%

0.62%

0.87%

0.37%

0.87%

0.87%
9/8/2023 223,230.69
272,837.50
317,737.34
136,173.15
113,477.63
539,930.00
294,537.96
95,030.38
-1,957.61
-2,384.55
-29,575.68
-12,247.04
-10,955.75
-1,884.44
-1,034.62
-5,179.51
-1,098.19
-29,963.60
-24,645.99
-1,060.27
-652.48
7/3/2023 7/7/2023 FREDDIE MAC NOTES 9/8/2023
7/13/2023
7/13/2023
7/13/2023
7/18/2023
7/19/2023
7/21/2023
7/21/2023
8/15/2023
8/15/2023
8/16/2023
8/16/2023
9/7/2023
7/20/2023
7/20/2023
7/20/2023
7/25/2023
7/26/2023
7/25/2023
7/25/2023
8/22/2023
8/22/2023
8/18/2023
8/18/2023
9/14/2023
US TREASURY NOTES 12/31/2025
12/31/2025
12/31/2025
1/31/2024
1/31/2024
9/10/2024
1/31/2024
12/31/2025
12/31/2025
1/31/2024
1/31/2024
1/31/2024

US TREASURY NOTES

US TREASURY N/B NOTES

JOHN DEERE CAPITAL CORP CORPORATE NOTES

US TREASURY N/B NOTES

US TREASURY NOTES
294,436.96
293,729.24
248,540.12
318,651.80
196,093.41
492,097.49

US TREASURY NOTES

US TREASURY N/B NOTES

US TREASURY N/B NOTES
US TREASURY N/B NOTES -1,446.24
31 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
Par ($) CUSIP Security Description Coupon G/L (BV)
SELL
9/8/2023 9/15/2023
9/19/2023
9/27/2023
9/27/2023
325,000.00
450,000.00
100,000.00
450,000.00
5,325,000.00
91282CDV0
91282CBC4
91282CBC4
91282CBC4

US TREASURY N/B NOTES

US TREASURY NOTES

0.87%

0.37%

0.37%
1/31/2024
12/31/2025
12/31/2025
12/31/2025
319,934.57
407,533.54
90,543.82
-909.27
9/12/2023
9/20/2023
9/20/2023
Total SELL
-39,730.98
-8,863.07
407,447.18
5,061,962.78
-36,275.07
-209,864.36
32 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
U.S. Treasury

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0
912828YY0
912828ZW3
91282CBC4
91282CBC4
91282CBW0
91282CBW0
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
91282CCP4
912828U24
912828U24
400,000.00
400,000.00
150,000.00
400,000.00
200,000.00
75,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
1/13/2023 1/17/2023 384,750.00 4.68
427,531.25 0.18
147,093.75 0.72
387,968.75 1.13
194,539.06 1.05
71,458.01 1.92
926,843.75 1.33
690,468.75 2.74
179,007.81 3.53
819,562.50 3.04
732,343.75 2.84
819,035.16 2.94
226,250.00 3.03
1,954,066.41 3.92
907,092.77 3.96
589.67 395,091.03
407,829.36
148,801.43
393,344.76
197,042.89
72,827.76
394,062.48
382,625.00
137,835.93
361,500.00
180,750.00
67,558.59

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
8/5/2020
4/1/2021
8/7/2020
4/5/2021
1,769.02
US TREASURY NOTES 94.77
DTD 06/30/2020 0.250% 06/30/2025

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
12/2/2021 12/6/2021
11/2/2021 11/4/2021
2/10/2022 2/14/2022
379.07
189.54
235.39
2,981.66
789.74
210.60
947.69
842.39
947.69
263.25
15,864.13
7,365.49

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

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

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
950,000.00
750,000.00
200,000.00
900,000.00
800,000.00
900,000.00
250,000.00
2,100,000.00
975,000.00
1/4/2022
8/1/2022
9/1/2022
1/6/2022
8/4/2022
9/6/2022
936,150.36
707,752.02
184,757.08
842,481.07
752,859.46
844,777.28
234,135.98
1,984,287.54
920,009.12
855,742.14
667,500.00
178,000.00
801,000.00
712,000.00
801,000.00
222,500.00
1,931,343.75
896,695.31

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

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
8/8/2022 8/15/2022

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
7/5/2022
6/2/2022
5/3/2022
7/8/2022
6/6/2022
5/5/2022

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

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
12/5/2022 12/7/2022
US TREASURY NOTES 1/4/2023 1/6/2023
DTD 11/15/2016 2.000% 11/15/2026
33 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
U.S. Treasury

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24
912828U24
91282CEN7
91282CFB2
91282CFB2
91282CFB2
91282CFB2
250,000.00
9,500,000.00
1,200,000.00
600,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
11/1/2022 11/4/2022
1/13/2023 1/17/2023
1/31/2023 2/3/2023
228,144.53 4.39
8,922,578.13 3.72
1,155,421.88 3.70
565,640.63 4.30
746,531.25 4.44
362,329.10 3.62
786,779.30 3.97
21,635,436.54 3.44
1,888.59
71,766.30
13,809.78
2,779.89
233,059.04
9,028,727.93
1,162,337.68
567,630.47
229,921.88
8,737,031.25
1,122,187.44
558,937.50

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

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

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
7/3/2023
3/2/2023
5/1/2023
6/2/2023
7/7/2023
3/6/2023
5/5/2023
6/6/2023

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
800,000.00 3,706.52 753,480.86 745,250.00

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
375,000.00 1,737.43 363,548.72 349,335.94

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
825,000.00 3,822.35 789,729.05 768,539.06
Security Type Sub-Total
Supranational
23,000,000.00 132,980.96 21,920,660.89 21,101,316.27

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6
4581X0DZ8
500,000.00
635,000.00
AAA
AAA
Aaa 11/17/2020 11/24/2020 498,925.00 0.32
634,530.10 0.52
1,133,455.10 0.43
440.97

70.56 499,946.99
634,846.51
496,250.00
INTER-AMERICAN DEVEL BK NOTES 604,366.33
DTD 09/23/2021 0.500% 09/23/2024
Aaa 9/15/2021 9/23/2021
Security Type Sub-Total 1,135,000.00 511.53 1,134,793.50 1,100,616.33 Negotiable CD
TORONTO DOMINION BANK NY CERT 89115B6K1
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
450,000.00
450,000.00
900,000.00
A A1 10/27/2022 10/31/2022
11/2/2022 11/3/2022
450,000.00 5.58
450,000.00 5.53
900,000.00 5.56
23,450.00
10,230.50
33,680.50
450,000.00
450,000.00
900,000.00
449,850.11
446,455.35
896,305.46
NORDEA BANK ABP NEW YORK CERT 65558UYF3
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
AA- Aa3
Security Type Sub-Total
34 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Municipal

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00
100,000.00
325,000.00
AAAANRAa3
Aa1
NR
5/29/2020 6/11/2020
11/6/2019 12/5/2019
12/16/2020 12/23/2020
60,000.00 2.00
100,000.00 2.10
325,000.00 0.87
299.70 60,000.00
100,000.00
325,000.00
58,493.40
97,269.00
302,487.25
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5
DTD 12/05/2019 2.101% 08/01/2024
350.17
NY ST URBAN DEV CORP TXBL REV 125.67
BONDS
650036DT0
DTD 12/23/2020 0.870% 03/15/2025

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7
341271AD6
85,000.00 AA
AA
Aa2
Aa3
7/10/2020 7/16/2020
9/3/2020 9/16/2020
85,000.00 0.88
160,000.00 1.26
283.54
503.20
85,000.00 79,293.10

FL ST BOARD OF ADMIN TXBL REV
BONDS
160,000.00 160,000.00 148,702.40
DTD 09/16/2020 1.258% 07/01/2025

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6
341271AD6
85,000.00
65,000.00
AA
AA
Aa3
Aa3
9/3/2020 9/16/2020
9/3/2020 9/16/2020
85,563.55 1.12
65,459.55 1.11
267.32
204.42
85,205.89
65,167.90
78,998.15
FL ST BOARD OF ADMIN TXBL REV 60,410.35
BONDS
DTD 09/16/2020 1.258% 07/01/2025
SAN JUAN USD, CA TXBL GO BONDS 798306WP7
DTD 10/29/2020 0.852% 08/01/2025
130,000.00
140,000.00
NR Aa2 10/16/2020 10/29/2020
Aaa 10/30/2020 11/10/2020
130,000.00 0.85
140,000.00 0.77
184.60
180.37
130,000.00
140,000.00
120,195.40
LOS ANGELES CCD, CA TXBL GO 129,381.00
BONDS
54438CYK2 AA+
DTD 11/10/2020 0.773% 08/01/2025

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9
13077DQD7
13063D3N6
100,000.00
85,000.00
AAA
AAAAAaaAa2
Aa2
8/11/2020 8/25/2020
7/9/2021 7/29/2021
3/9/2023 3/15/2023
100,000.00 0.63
85,000.00 0.86
105.00
305.29
100,000.00
85,000.00
92,045.00
CA ST UNIV TXBL REV BONDS 77,511.50
DTD 07/29/2021 0.862% 11/01/2025

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
200,000.00
1,535,000.00
200,000.00 4.85
1,536,023.10 1.59
807.67 200,000.00
1,535,373.79
199,210.00
Security Type Sub-Total 3,616.95 1,443,996.55
35 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Joint Powers Authority
CAMP Pool 50,943.95 AAAm NR 50,943.95
50,943.95

0.00 50,943.95 50,943.95
Security Type Sub-Total 50,943.95 0.00 50,943.95 50,943.95 Federal Agency

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1
3137EAEZ8
3135G06H1
3137EAFA2
3130AJHU6
3135G03U5
3137EAEU9
3135G05X7
3130AK5E2
3137EAEX3
3135G06G3
325,000.00
350,000.00
325,000.00
300,000.00
350,000.00
350,000.00
425,000.00
350,000.00
150,000.00
700,000.00
650,000.00
4,275,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa 10/14/2020 10/16/2020 323,787.75 0.25
349,685.00 0.28
324,629.50 0.29
299,703.00 0.28
348,264.00 0.60
349,279.00 0.67
422,883.50 0.48
348,362.00 0.47
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57
4,261,709.75 0.44
186.20
352.43
279.86
243.75
811.81
966.15
309.90
131.25

42.19 324,983.39
349,989.65
324,980.75
299,982.64
349,466.07
349,775.08
424,235.32
349,376.77
149,825.84
699,164.82
649,018.60
4,270,798.93
324,319.45
348,282.55
322,413.98
297,312.90
325,665.55
325,922.10
390,072.65
319,979.10
137,126.40
638,355.90
591,260.80
4,020,711.38

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
Aaa 11/3/2020 11/5/2020

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

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
12/2/2020 12/4/2020
4/15/2020 4/16/2020
4/22/2020 4/24/2020
7/21/2020 7/23/2020
8/25/2020 8/27/2020
9/10/2020 9/11/2020
9/23/2020 9/25/2020
11/9/2020 11/12/2020

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

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

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

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

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

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

58.33 FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
1,300.00
Security Type Sub-Total 4,681.87
36 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

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

28.44 400,133.40
104,991.90
209,957.36
396,635.20
102,519.48
203,806.89

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

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

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6
02665WCZ2
400,000.00
400,000.00
AAA1
A3
7/19/2019 7/23/2019
7/11/2019 7/15/2019
422,916.00 2.59
398,016.00 2.51
6,544.44
2,506.67
402,775.70
399,703.88
395,024.00
AMERICAN HONDA FINANCE CORP 389,955.60
NOTE
DTD 06/27/2019 2.400% 06/27/2024

GOLDMAN SACHS GROUP INC
(CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23
05565EBU8
254687FK7
69371RQ66
025816CQ0
771196BT8
437076CM2
400,000.00
70,000.00
400,000.00
175,000.00
80,000.00
410,000.00
25,000.00
BBB+
A
A2
A2
A2
A1
A2
Aa2
A2
7/8/2019 7/11/2019
8/9/2021 8/12/2021
418,632.00 2.84
69,993.70 0.75
398,368.00 1.84
182,894.25 0.73
79,919.20 2.29
410,000.00 2.13
24,956.25 2.76
3,550.56

71.46 402,042.75
69,998.18
399,700.50
177,498.24
79,961.66
410,000.00
24,977.93
393,531.60
67,029.20
386,226.80
166,415.38
76,009.76
391,038.73
24,018.83

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

WALT DISNEY COMPANY/THE
(CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
A- 9/3/2019 9/6/2019 602.78
481.25
135.00
509.90
311.25

PACCAR FINANCIAL CORP

CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025
A+ 10/22/2020 10/29/2020

AMERICAN EXPRESS CO CORP

NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
BBB+
AA
A
3/1/2022 3/4/2022

ROCHE HOLDINGS INC (CALLABLE)

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

CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025
37 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7
90327QD89
225,000.00
225,000.00
BBB+
AA
A3 8/28/2020 9/1/2020
5/23/2022 5/26/2022
249,738.75 0.88
224,264.25 3.49
3,176.25
3,164.06
233,357.88
224,602.93
216,226.35
USAA CAPITAL CORP CORPORATE 216,345.83
NOTES
Aa1
DTD 05/26/2022 3.375% 05/01/2025
CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5
369550BG2
65,000.00
225,000.00
315,000.00
475,000.00
250,000.00
50,000.00
AAA3
A3
4/26/2022 5/3/2022
10/16/2020 10/20/2020
5/24/2021 6/1/2021
64,985.70 3.46
252,247.50 0.80
315,000.00 0.82
474,767.25 0.81
250,000.00 3.50
49,986.50 3.46
934.38
2,975.00
865.20
64,992.44
234,003.37
315,000.00
474,922.03
250,000.00
49,992.61
62,855.52
217,957.95
304,504.83
439,967.80
241,655.75
48,161.00

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

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

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

NATIONAL AUSTRALIA BK/NY

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

CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9
06051GFS3
002824BM1
225,000.00
225,000.00
225,000.00
AAA3
A1
7/20/2022 7/27/2022
8/18/2020 8/20/2020
9/24/2020 9/28/2020
225,000.00 4.00
256,918.50 0.93
257,845.50 0.86
1,600.00
1,453.13
387.50
225,000.00
236,834.75
236,890.03
218,854.35
218,050.88
218,228.40

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
ABBOTT LABORATORIES AA- Aa3

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

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8
46647PCV6
225,000.00
175,000.00
AAA1
A1
12/1/2021 12/6/2021
2/16/2022 2/24/2022
225,000.00 1.53
175,000.00 2.60
1,099.69
466.74
225,000.00
175,000.00
212,653.58
JPMORGAN CHASE & CO CORP 166,668.60

NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
38 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2
05565EBW4
14913R2U0
87612EBM7
06406RBA4
594918BY9
025816CS6
225,000.00
175,000.00
225,000.00
40,000.00
A+
A
A2
A2
5/17/2021 5/19/2021
8/12/2021 8/16/2021
1/11/2022 1/13/2022
1/19/2022 1/24/2022
1/26/2022 1/28/2022
3/14/2023 3/17/2023
1/13/2023 1/18/2023
3/15/2022 3/17/2022
2/17/2023 2/22/2023
1/13/2023 1/18/2023
224,608.50 1.19
174,947.50 1.26
223,863.75 1.81
39,932.00 1.99
473,945.50 2.10
721,942.50 4.36
277,203.00 4.59
466,089.00 2.70
284,925.00 4.66
488,325.00 4.50
977.50 224,794.37
174,969.86
224,254.36
39,955.02
202,424.63
155,733.55
201,453.30
36,091.12

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
297.74
CATERPILLAR FINL SERVICE 881.88

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027
A A2

TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
A A2 164.67

BANK OF NY MELLON CORP
(CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027
475,000.00
750,000.00
300,000.00
475,000.00
300,000.00
500,000.00
A A1 1,758.16
3,781.25
573.75
474,298.73
725,849.24
281,078.19
468,839.49
287,147.53
490,189.50
424,572.10
711,781.50
271,137.90
433,812.75
275,009.70
470,544.50

MICROSOFT CORP CORP NOTES
(CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
AAA
BBB+
AA
AAaa
AMERICAN EXPRESS CO CORP A2

NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
Aa2
A2
485.56

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

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

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3
89236TKQ7
775,000.00
375,000.00
AA+
A+
Aaa
A1
1/19/2023 1/23/2023
2/8/2023 2/10/2023
741,062.75 3.94
376,282.50 4.55
1,186.18
3,805.99
746,094.20
376,116.21
714,374.08
TOYOTA MOTOR CREDIT CORP 365,781.00

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028
39 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Corporate

NATIONAL RURAL UTIL COOP CORP

NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6
882508BV5
110122DE5
539830BZ1
24422EXB0
350,000.00
85,000.00
AA+
A+
AA
A1
Aa3
A2
2/17/2023 2/22/2023
5/11/2023 5/18/2023
3/9/2023 3/13/2023
5/23/2023 5/25/2023
7/21/2023 7/25/2023
329,189.00 4.76
87,043.40 4.04
1,785.00
499.61
331,728.61
86,880.22
322,859.25
TEXAS INSTRUMENTS INC CORP 83,239.06

NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

BRISTOL-MYERS SQUIBB CO CORP

NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028
375,000.00
60,000.00
358,263.75 4.93
59,892.00 4.49
1,665.63
934.50
360,136.73
59,899.67
352,721.63
LOCKHEED MARTIN CORP NOTES 57,955.26
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
A2

JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028
375,000.00
11,840,000.00
A2 377,865.00 4.78
11,849,400.30 2.88
3,970.31
72,228.09
377,757.72
11,757,327.19
369,412.50
Security Type Sub-Total 11,223,246.14
Agency CMBS
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24
3137BNGT5
3137BSP72
3137BTUM1
3137BXQY1
250,000.00
275,000.00
550,000.00
380,000.00
550,000.00
550,000.00
439,574.59
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
3/19/2020 3/25/2020
4/11/2023 4/14/2023
4/6/2023 4/12/2023
5/19/2023 5/24/2023
8/16/2023 8/18/2023
6/8/2023 6/13/2023
7/19/2023 7/27/2023
262,382.81 1.95
263,613.28 4.37
526,839.84 4.02
368,303.13 4.31
518,804.69 4.98
527,033.20 4.44
439,563.61 4.78
637.92
629.06
253,088.47
265,562.67
530,140.21
369,512.83
519,867.89
528,853.34
439,564.02
242,336.21
259,884.21
511,969.52
359,902.80
516,090.58
515,055.44
431,373.87
FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
1,215.96
1,059.88
1,477.67
1,486.38
1,749.87
FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
FHLMC MULTIFAMILY STRUCTURED P 3137F1G44
DTD 07/01/2017 3.243% 04/01/2027
FHMS KJ46 A1 3137HAD45
DTD 07/01/2023 4.777% 06/01/2028
40 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
Agency CMBS
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2
3136BQDE6
3137HAMH6
3137HAMS2
550,000.00
550,000.00
800,000.00
500,000.00
5,394,574.59
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
7/13/2023 7/20/2023
7/18/2023 7/31/2023
9/7/2023 9/14/2023
9/20/2023 9/28/2023
555,493.40 4.59
540,675.78 4.58
788,165.60 4.99
494,023.50 5.07
5,284,898.84 4.52
2,208.71
1,920.42
3,100.00
2,000.00
17,485.87
555,267.86
540,997.48
788,268.43
494,032.79
5,285,155.99
539,882.46
525,507.52
777,256.33
490,943.42
5,170,202.36
FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
Security Type Sub-Total
ABS
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7
44933LAC7
65480BAC1
89190GAC1
43815GAC3
14314QAC8
44935FAD6
254683CP8
362554AC1
14318MAD1
65480JAC4
7,905.67
32,583.46
174,780.61
176,061.06
85,713.92
57,634.38
68,549.39
195,000.00
73,291.67
210,000.00
140,000.00
AAA
AAA
AAA
AAA
NR
NR
NR
Aaa
NR
5/18/2021 5/26/2021
4/20/2021 4/28/2021
6/15/2021 6/23/2021
6/8/2021 6/14/2021
7,905.00 0.41
32,580.04 0.38
174,777.64 0.33
176,042.09 0.26
85,695.85 0.89
57,621.95 0.52
68,534.09 0.75
194,958.25 0.58
73,289.79 0.68
209,995.04 3.97
139,971.03 4.46

0.99 5.50
7,905.40
32,581.93
174,779.21
176,051.93
85,703.89
57,628.25
68,540.46
194,975.14
73,290.54
209,996.30
139,977.33
7,888.92
31,940.46
169,532.87
171,214.08
82,427.16
55,915.79
66,243.94
185,495.58
70,371.69
205,012.84
137,630.92
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025

25.63 20.34

20.95 13.32

22.55 50.27

20.77 370.53
277.51
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
Aaa 11/16/2021 11/24/2021
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
AAA
AAA
AAA
AAA
AAA
AAA
NR
NR
4/13/2021 4/21/2021
11/9/2021 11/17/2021
9/20/2021 9/27/2021
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
Aaa
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
Aaa 10/13/2021 10/21/2021
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
NR 7/12/2022 7/20/2022
NAROT 2022-B A3 Aaa 9/20/2022 9/28/2022
DTD 09/28/2022 4.460% 05/17/2027
41 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
CUSIP Par Rating Date Value
ABS
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
43815QAC1
254683CY9
02582JJZ4
14041NGD7
05522RDG0
254683CZ6
31680EAD3
161571HT4
02582JKD1
275,000.00
245,000.00
245,000.00
170,000.00
130,000.00
320,000.00
320,000.00
190,000.00
490,000.00
170,000.00
350,000.00
350,000.00
405,000.00
410,000.00
5,291,520.16
AAA
AAA
AAA
NR
NR
NR
NR
Aaa
NR
NR
Aaa
NR
NR
NR
Aaa
Aaa
NR
NR
10/4/2022 10/12/2022
1/24/2023 1/30/2023
10/27/2022 11/3/2022
2/13/2023 2/23/2023
3/28/2023 3/31/2023
8/15/2023 8/22/2023
4/4/2023 4/11/2023
6/7/2023 6/14/2023
5/17/2023 5/24/2023
6/8/2023 6/16/2023
6/21/2023 6/28/2023
8/15/2023 8/23/2023
9/7/2023 9/15/2023
9/12/2023 9/19/2023
274,954.93 4.82
244,999.88 4.63
244,961.56 4.95
169,982.88 5.05
129,986.44 4.65
319,934.02 5.42
319,981.44 4.31
189,983.15 4.87
489,887.64 4.43
169,961.51 4.79
349,952.72 4.93
349,978.30 5.53
404,887.73 5.17
409,981.67 5.23
5,290,804.64 4.17
552.29 274,963.95
244,999.90
244,968.62
169,985.02
129,987.84
319,935.63
319,983.22
189,984.17
489,895.67
169,963.80
349,955.20
349,978.77
404,887.68
409,980.85
5,290,900.70
271,000.87
240,550.48
241,607.22
167,816.98
127,653.15
318,998.05
311,577.09
187,483.34
477,948.30
167,630.97
345,782.99
348,795.93
402,783.31
408,604.36
5,201,907.29
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
504.16
539.00
381.56
268.67
625.16
612.98
411.24
962.58
361.91
766.89
860.22
928.80
714.77
9,318.59
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
AAA
AAA
NR
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
AAA
AAA
AAA
AAA
AAA
AAA
AAA
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
Security Type Sub-Total
Managed Account Sub Total
Securities Sub Total
Accrued Interest
53,371,094.75
$53,422,038.70
51,891,728.27 3.18 274,504.36 52,095,010.99
$52,145,954.94
50,158,301.78
$50,209,245.73
$274,504.36
$51,942,672.22 3.18% $274,504.36
42 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Portfolio Holdings
Total Investments $50,483,750.09
43 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

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

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

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

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

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

For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 44 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

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

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

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

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

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

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

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

MBS maturities are represented by expected average life. 45 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
46 © PFM Asset Management LLC | pfmam.com
For the Quarter Ended September 30, 2023
CITY OF LAKE ELSINORE Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

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

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

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

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

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

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

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

YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 47 © PFM Asset Management LLC | pfmam.com

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 9, 2024
Subject: Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Community Facilities District No. 2023-2 of the City of Lake Elsinore (Coastal Mission Trails)
Recommendation
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF

LAKE ELSINORE (COASTAL MISSION TRAILS) AUTHORIZING THE LEVY OF SPECIAL TAXES.

Background/Discussion
At its Regular meeting on December 12, 2023, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1 – Ordinance
ORDINANCE NO. 2023-1491

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE

ELSINORE (COASTAL MISSION TRAILS) AUTHORIZING THE LEVY OF

SPECIAL TAXES
Whereas, on September 12, 2023, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) adopted Resolution No. 2023-78 declaring its intention to form Community Facilities District No. 2023-2 of the City of Lake Elsinore (Coastal Mission Trails) (the “District”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, comprising Chapter

2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”), and its Resolution No. 2023-77 declaring its intention to incur bonded indebtedness for the District; and
Whereas, on October 24, 2023, this City Council continued the public hearing called for such date to November 14, 2023, and on November 14, 2023, the public hearing was further continued to December 12, 2023; and
Whereas, on December 12, 2023, after providing all notice required by the Act, the City Council conducted a noticed public hearing required by the Act relative to the proposed formation of the District, the proposed levy of a special tax therein to finance certain public facilities described in Resolution No. 2023-78 and to secure the payment of any bonded indebtedness of the District, and the proposed issuance of up to $15,000,000 of bonded indebtedness as described in Resolution No. 2023-77; and
Whereas, at the December 12, 2023 public hearing, all persons desiring to be heard on all matters pertaining to the formation of the District and the proposed levy of the special tax to finance the facilities described in Resolution No. 2023-78 and to secure the payment of up to $15,000,000 of bonded indebtedness of the District as described in Resolution No. 2023-78 (the “Bonds”) were heard and a full and fair hearing was held; and Whereas, on December 12, 2023, the City Council adopted Resolution Nos. 2023-091 and 2023-092 which formed the District and called a special election within the District on December 12, 2023 on three propositions relating to the levy of a special tax within the District, the issuance of the Bonds and the establishment of an appropriations limit within the District; and Whereas, on December 12, 2023, a special election was held within the District at which the qualified electors approved by more than a two thirds vote Propositions A, B, and C authorizing the levy of a special tax within the District for the purposes described in Resolution No. 2023-091, the issuance of the Bonds as described in Resolution No. 2023-092 and establishing an appropriations limit for the District; and

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2023-2 OF THE CITY OF LAKE ELSINORE (COASTAL MISSION TRAILS) ORDAINS AS FOLLOWS:

CC Ord No. 2023-1491

Page 2 of 3 ends

Section 1. The above recitals are all true and correct.

Section 2. By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of apportionment set forth in Attachment C to Resolution No. 2023-78, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing in the fiscal year specified in the Rate and Method and in each fiscal year thereafter until payment in full of the Bonds (including any bonds issued to refund the Bonds), payment of all costs of the public facilities and services authorized to be financed by the District, and payment of all costs of administering the District.

Section 3. Each of the Mayor, the City Manager, the Assistant City Manager, or their written designees (each, an “Authorized Officer”), acting alone, is hereby authorized and directed each fiscal year to determine the specific special tax rates and amounts to be levied in such fiscal year on each parcel of real property within the District, in the manner and as provided in the Rate and Method. The special tax rate levied on a parcel pursuant to the Rate and Method shall not exceed the maximum rate set forth in the Rate and Method for such parcel, but the special tax may be levied at a lower rate. Each Authorized Officer is hereby authorized and directed to provide all necessary information to the Treasurer-Tax Collector of the County of Riverside and to otherwise take all actions necessary in order to effect proper billing and collection of the special tax, so that the special tax shall be levied and collected in sufficient amounts and at times necessary to satisfy the financial obligations of the District in each fiscal year, and with respect to Special Tax, until the Bonds are paid in full, the facilities have been paid for, and provision has been made for payment of all of the administrative costs of the District.

Section 4. Properties or entities of the state, federal or other local governments shall be exempt from the special tax, except as otherwise provided in Sections 53317.3 and 53317.5 of the Act and Section F of the Rate and Method. No other properties or entities are exempt from the special tax unless the properties or entities are expressly exempted in Resolution No. 2023- 091 or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment or an existing special tax as provided in Section 53334 of the Act.

Section 5. All of the collections of the special tax shall be used as provided for in the Act, the Rate and Method and Resolution No. 2023-091.

Section 6. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale and lien priority in case of delinquency as is provided for ad valorem taxes (which such procedures include the exercise of all rights and remedies permitted by law to make corrections, including, but not limited to, the issuance of amended or supplemental tax bills), as such procedure may be modified by law or by this City Council from time to time.

Section 7. As a cumulative remedy, if any amount levied as a special tax for payment of the interest or principal of the Bonds (including any bonds issued to refund the Bonds), together with any penalties and other charges accruing under this Ordinance, are not paid when due, the City Council may, not later than four years after the due date of the last installment of principal on the Bonds (including any bonds issued to refund the Bonds), order that the same be collected by an action brought in the superior court to foreclose the lien of such special tax, as authorized by the Act.

CC Ord No. 2023-1491

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Section 8. The Mayor of the City shall sign this Ordinance and the City Clerk or Deputy City Clerk (referred to herein as the “City Clerk”) shall attest to the Mayor’s signature and then cause the same to be published within fifteen (15) days after its passage at least once in The Press Enterprise, a newspaper of general circulation published and circulated in the City of Lake Elsinore.

Section 9. The specific authorization for adoption of this Ordinance is pursuant to the provisions of Section 53340 of the Act.

Section 10. The City Clerk is hereby authorized to transmit a certified copy of this ordinance to the Treasurer-Tax Collector of the County of Riverside, and to perform all other acts which are required by the Act, this Ordinance or by law in order to accomplish the purpose of this Ordinance.

Section 11. A full reading of this Ordinance is dispensed with prior to its final passage, a written or printed copy having been available to the City Council and the public a day prior to its final passage.

Section 12. This Ordinance shall take effect thirty days after its final passage.

Passed, Approved, and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 9th day of January 2024.

Steve Manos
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2023-1491 was introduced by the City Council of the City of Lake Elsinore, California, at its Regular meeting of December 12, 2023 and adopted at its Regular meeting of January 9, 2024 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 9, 2024
Subject: Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation No. 19 into Community Facilities District No. 2015-2 (Maintenance Services) for Coastal Mission Trails
Recommendation
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES), AMENDING ORDINANCE NO. 2016-1359 AND AUTHORIZING THE LEVY OF SPECIAL TAXES.

Background/Discussion
At its Regular meeting on December 12, 2023, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1 - Ordinance
ORDINANCE NO. 2023-1492

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES), AMENDING ORDINANCE NO. 2016- 1359 AND AUTHORIZING THE LEVY OF SPECIAL TAXES
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”), on July 28, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) adopted Resolution No. 15-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California (the "CFD No. 2015-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services (the “Services”), which are necessary to meet increased demands placed upon the City and are described in Exhibit A attached hereto; and WHEREAS, on May 10, 2016, the City Council adopted Ordinance No. 2016-1359 entitled, “An Ordinance of the City of Council of the City of Lake Elsinore, California, acting in its capacity as the legislative body of Community Facilities District No. 2015-2 of the City of Lake Elsinore (Maintenance Services) authorizing the levy of special tax” (“Ordinance No. 2015-1359”), pursuant to which the City Council levied special taxes with the CFD No. 2015-2; and WHEREAS, on September 12, 2023, the City Council adopted Resolution No. 2023-76 entitled “A Resolution of the City Council of the City of Lake Elsinore Declaring its Intention to Annex Territory into Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, Adopting a Map of the Area to be Proposed (Annexation No. 19) and Authorizing the Levy of a Special Taxes Therein” (the “Resolution of Intention”) declaring its intention to annex certain territory to the CFD No. 2015-2 and to levy special taxes within that territory to provide the Services as described in the Resolution of Intention and setting a special public hearing on the proposed annexation for October 24, 2023; and
WHEREAS, the City Council continued the public hearing until November 14, 2023; and WHEREAS, the City Council further continued the public hearing until December 12, 2023; and
WHEREAS, notice was published as required by the Act relative to the intention of the City Council to annex certain territory to the CFD No. 2015-2, to levy special taxes therein to provide the Services, and to set the time and place of said public hearing; and WHEREAS, on December 12, 2023, at the time and place specified in said published notice, the City Council opened and held a public hearing as required by the Act relative to the annexation of territory in to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services by the CFD No. 2015-2; and
WHEREAS, at said public hearing all persons desiring to be heard on all matters pertaining to the annexation of territory to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services therein were heard, and a full and fair hearing was held; and
Ord. No. 2023-1492

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WHEREAS, subsequent to said public hearing, the City Council adopted Resolution No. 2023-96 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Calling an Election to Submit to the Qualified Electors the Question of Levying a Special Tax Within the Area Proposed to be Annexed to Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 19)” (the “Resolution Calling the Election”) on December 12, 2023, wherein the City Council submitted the question of levying a special tax in territory proposed to be annexed to the CFD No. 2015-2 at the rate and according to the method of apportionment described therein; and
WHEREAS, at said special election on December 12, 2023, the qualified electors of the territory proposed to be annexed to the CFD No. 2015-2 approved said propositions as described in the Resolution Calling the Special Election by more than the two-thirds vote required by the Act; and
WHEREAS, subsequent to said special election, the City Council adopted Resolution No. 2023-97 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Declaring the Election Results for Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 19)” wherein the City Council determined that the territory proposed to be annexed was added to the CFD No. 2015-2 (such territory being referred to herein as “Annexation No. 19”).

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DOES ORDAIN AS FOLLOWS:

Section 1. Recitals. The foregoing recitals are true and correct.

Section 2. Amendment to Exhibit B of Ordinance No. 2016-1359. Ordinance No. 2016-1359 is hereby amended by including Exhibit B to Ordinance No. 2016-1359 attached hereto.

Section 3. Amendment to Section 2 of Ordinance No. 2016-1359. Section 2 of Ordinance No. 2016-1359 is hereby amended by deleting it in its entirety and replacing it with the following:

Section 2. By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District which are subject to taxation which are identified in Exhibit B attached hereto, pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of
apportionment set forth in Exhibit A attached hereto, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing the fiscal year specified in the Rate and Method and in each fiscal year thereafter so long as the services authorized to be finance by the District, are provided through such financing within the District.

Ord. No. 2023-1492

Page 3 of 4 ends

Section 4. Future Annexations. The annexation of additional territory into the CFD No. 2015-2 was contemplated as part of the adoption of Resolution No. 15-066. The boundaries of the territory within which any property may annex to the CFD No. 2015-2 are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District, at Page 74, and as Document No. 2015-0369598 in the official records of the County of Riverside. Following a public hearing and the adoption of resolutions required by the Act for any additional annexations of property within said potential annexation area, Revised Exhibit B of Ordinance No. 2016-1359 shall be further amended to include any additional territory annexed to the CFD No. 2015-2. The City Council hereby authorizes and directs the officers, employees, and agents of the City to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Section 4 of this Ordinance to further include Exhibit B to Ordinance No. 2016-1359.

Section 5. Severability. If for any reason any portion of this Ordinance is found to be invalid, or if the special taxes found inapplicable to any particular parcel within the CFD No. 2015- 2, by a court of competent jurisdiction, the balance of this Ordinance and the application of the special tax to the remaining parcels within the CFD No. 2015-2 shall not be affected.

Section 6. Authorization to Publish Ordinance. The Mayor shall sign this Ordinance and the City Clerk shall attest thereto and shall, within fifteen (15) days of its adoption, cause it or a summary of it to be published at least once in The Press Enterprise, a newspaper of general circulation published and circulated in the City and the CFD No. 2015-2.

Section 7. Effective Date. This Ordinance shall take effect and shall be in force thirty (30) days after the date of its adoption, at which time Revised Exhibit B will include Exhibit B to Ordinance No. 2016-1359 and Section 2 of Ordinance No. 2016-1359 will be amended as described herein.

Passed, Approved, and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 9th day of January 2024.

Steve Manos
Mayor
Attest:

Candice Alvarez, MMC
City Clerk
Ord. No. 2023-1492

Page 4 of 4 ends

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2023-1492 was introduced by the City Council of the City of Lake Elsinore, California, at its Regular meeting of December 12, 2023 and adopted at its Regular meeting of January 9, 2024 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

EXHIBIT A

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE
A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015-2” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2015, in an amount determined by the City Council of the City of Lake Elsinore, acting ex officio as the legislative body of CFD No. 2015-2, by applying the rate and method of apportionment set forth below. All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, the land area shall be calculated by the Administrator. “Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-2 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2015-2, or any designee thereof associated with fulfilling the CFD No. 2015-2 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2015-2 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of salaries and benefits of any City employees and City overhead whose duties are related to the administration and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015-2 for any other administrative purposes of CFD No. 2015-2, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. “Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee. “Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the March 1 preceding the Fiscal year in which the special tax is being levied. “Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside. “Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.
“Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building. “Calendar Year” means the period commencing January 1 of any year and ending the following December 31.
“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).
“City” has the meaning set forth in the preamble.
“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator.
“County” means the County of Riverside.
“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.
“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision.
“Fiscal Year” means the period from and including July 1st of any year to and including the following June 30th.
“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Maximum Special Tax” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.
“Maximum Special Tax A” means the Maximum Special Tax A, as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Maximum Special Tax B (Contingent)” means the Maximum Special Tax B (Contingent), as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2. “Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.
“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non-residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property. “Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone. “Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone.
“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator. “Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units. “Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-2 as set forth in the documents adopted by the City Council at the time the CFD was formed. “Single Family Residential Property” means any residential property other than MultiFamily Residential Property on an Assessor’s Parcel. “Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property. “Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement. "Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses.

Under no circumstances shall the Special Tax A Requirement include funds for Bonds. “Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.
"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.
“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax.

Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1.
"Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.
“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

B. ASSIGNMENT TO LAND USE CATEGORIES
For each Fiscal Year, all Assessor’s Parcels of Taxable Property within CFD No. 2015-2 shall be classified as Developed Property, Approved Property, or Undeveloped Property, and shall be subject to the levy of Special Taxes as determined pursuant to Sections C and D below.

Assessor’s Parcels of Developed Property and Approved Property shall be classified as either Residential Property or Non-Residential Property. Residential Property shall be further classified as Single Family Residential Property or Multi-Family Residential Property and the number of Residential Units shall be determined by the Administrator.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or shown on the building permit(s) issued or Final Map as determined by the Administrator. For Parcels of undeveloped property zoned for development of single family attached or multi-family units, the number of Residential Units shall be determined by referencing the condominium plan, apartment plan, site plan or other development plan, or by assigning the maximum allowable units permitted based on the underlying zoning for the Parcel. Once a single family attached or multi-family building or buildings have been built on an Assessor's Parcel, the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Units by the Maximum Special Tax per Residential Unit identified for the Tract below or as included in Appendix A as each Annexation occurs.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

1. Special Tax A
a. Developed Property
(i) Maximum Special Tax A
The Maximum Special Tax A for each Assessor’s Parcel of Developed Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax A for Developed Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 1 below:

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved property Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 2 below:

TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special Tax
A
1 LLA-2014-2743 Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)
(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD.

When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
(ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 6 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Special Tax A Requirement and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax A equals the Special Tax A Requirement for each Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

First: The Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Developed Property within each Tax Zone up to 100% of the applicable Maximum Special Tax to satisfy the Special Tax A Requirement for such Tax Zone; Second: If additional moneys are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax A for Approved Property;
Third: If additional monies are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first two steps has been completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Contingent Special Tax B Requirement and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax B (Contingent) equals the Contingent Special Tax B Requirement. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

First: The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property for a Tax Zone up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Contingent Special Tax B Requirement; Second: If additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property; Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2015-2 from time to time.

As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services. Based on this analysis, the property to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax rate for the Tax Zone when annexed and included in Appendix A.

F. TERM OF SPECIAL TAX
For each Fiscal Year, the Special Taxes shall be levied as long as the Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2015-2, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; or (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator.

H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. A representative(s) of CFD No. 2015-2 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the representative’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2015-2 may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

COST ESTIMATE
Special Tax A Services - The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2023-24. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2015-2.

TAX ZONE 22
TR 38378
Item Description Estimated Cost
1 Landscaping $7,278
2 Lighting $1,046
3 Streets $7,543
4 Drainage $3,839
5 Parks $34,450
6 Graffiti $858
7 Reserves $4,922
8 Admin $8,402
Total $68,338
Special Tax B Contingent Services – The estimate in the table below breaks down the costs of providing one year’s contingent services for Fiscal Year 2023-24 If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2015-2 Tax Zone 22.

TAX ZONE 22 (CONTINGENT SERVICES)
TR 38378
Item Description Estimated Cost
1 Drainage $858
2 Reserves $86
3 Admin $279
Total $1,223
TAX ZONE 22
FY 2023-24 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Single Family Residential RU $358 $7
Non-Residential Property Acre $6,441 $115
TAX ZONE 22
FY 2023-24 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $6,441 $115

TAX ZONE SUMMARY
Annexati
on
Ta
x
Zon
e
Tract
APN
Fiscal
Year
Maximu
m Special
Tax A
Maximum
Special Tax
B
Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 /
Acre
Pasadena Industrial
Park, LLC
3 4 PM 36551 2017-18 $2,671 /
Acre
$201 /
Acre ARI Chaney Street, LLC
4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/
Acre $0 / Acre Lake Elsinore CCR, LLC
6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 /
Acre $0 / Acre Central Plaza
8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot
169
2019-20 $2,600 /
Acre $0 / Acre Nichols Rd Partners, LLC
9 11 TR 32129 &
30698
2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties,
LLC & Spectrum
Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ, LP
11 13 PM 37534 2021-22 $1,113 /
Acre $0 / Acre SRZ Yuma, LLC
12 14 TR 33725 2021-22 $749 / RU $87 / RU SPT-AREP III Tuscany Associates
12 15 TR 25475 2021-22 $594 / RU $62 / RU SPT-AREP III Tuscany Associates
13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc.
15 18 TPM 37751 2021-22 $2,188 /
Acre
$2,540 /
Acre Boos-Up Lake Elsinore
16 19 PM 37710 2021-22 $1,034 /
Acre $0 / Acre Pennington Industrial, LLC
17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc.
19 22 TR 38378 2023-24 $358 / RU $7 / RU Vista Emerald, LLC

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 2016 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

APPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and
(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities.

Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and (c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-2 or for the benefit of the properties within the boundaries of CFD No. 2015-2, as the boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-2 before CFD No. 2015-2 was created.

APPENDIX C

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

PROPOSED BOUNDARIES AND POTENTIAL ANNEXATION AREA BOUNDARIES

EXHIBIT B
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) SPECIAL TAX FISCAL YEAR 2022-23
(Effective as of February 28, 2023)

ASSESSOR'S PARCEL NUMBERS
Annexation Zone Owner Assessor's Parcel Numbers
Original 1 Tractor Supply 377-120-068
1 2 Pardee Homes See Below
2 3 Pasadena Industrial Park, LLC 377-120-032, -043 thru -047, - 069, and -071
3 4 ARI Chaney Street, LLC
377-140-028 thru -030, -032 thru
-035, -038 thru -041, -044 thru -
046
4 5 LE Cottage Lane, LLC See Next Page
5 6 Lake Elsinore CCR, LLC 365-030-048
6 7 Pardee Home See Next Page
7 8 Central Plaza 377-081-002 thru -009
8 9 Nichols Rd Partners, LLC
389-200-038 (por.),
389-210-008 (por.), 389-210-
032, 389-210-034, and 389-210-
036 (por.)
8 10 Nichols Rd Partners, LLC 389-200-046, -049, and -053 9 11
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
See Next Page
10 12 JLJ, LP See Next Page
11 13 SRZ Yuma, LLC 377-081-035
12 14 SPT AREP III Tuscany Associates
349-240-006, -043, -044, -045, -
046, -047, -054, -055, -056 and
349-380-024, -025
12 15 SPT AREP III Tuscany Associates 349-240-034, -038, -072, -075 13 16 Wal-Mart Real Estate Business Trust 377-090-052, -053, -054, -055, - 056, -057
14 17 Tri Pointe Homes IE-SD, Inc. 363-940-038
15 18 Boos-Up Lake Elsinore 377-243-024
16 19 Pennington Industrial, LLC 377-160-051, -052, -053 17 20 Lake Elsinore Lakeshore, LLC and
Erin Crowder 379-230-001 and 379-230-002
18 21 Tri Pointe Homes IE-SD, Inc. 379-060-005, -022, and -027 19 22 Vista Emerald, LLC 370-050-019, -020, -032
EXHIBIT B (cont.)
ANNEXATION NO. 1

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
358710001 358710002 358710003 358710004 358710005 358710006 358710007 358710008 358710009 358710010 358710011 358710012 358710013 358710014 358710015 358710016 358710017 358710018 358710019 358710020 358710021 358710022 358710023 358710024 358710025 358710026 358710027 358710028 358710029 358710030 358710031 358710032 358710033 358710034 358710035 358710036 358710037 358710038 358710039 358710040 358710041 358711001 358711002 358711003 358711004 358711005 358711006 358711007 358712001 358712002 358712003 358712004 358712005 358712006 358712007 358712008 358712009 358712010 358712011 358712012 358712013 358712014 358712015 358712016 358712017 358712018 358712019 358712020 358712021 358712022 358712023 358712024 358712025 358712026
ANNEXATION NO. 4

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379490004 379490005 379490006 379490007 379490008 379490009 379490010 379491001 379491002 379491003 379491004 379491005 379491006 379491007 379491008 379491010 379491011 379491012 379491013 379491014 379491017 379491018 379491019 379491020 379491021 379491022 379491023 379491024 379491025 379491026 379491027 379491028 379491029 379491030 379491031 379491032 379491033 379491034 379491035 379491036 379491037
ANNEXATION NO. 6

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379051001 379051002 379051003 379051004 379051005 379051006 379051007 379051009 379051010 379051011 379051013 379051014 379051015 379051016 379051018 379051019 379051020 379051021 379051023 379051024 379051025 379051026 379051027 379051028 379051029 379051031 379051032 379051033 379051034 379051035 379051036 379051037 379051038 379051040 379051041 379051042 379051043 379051045 379051046 379051047 379051048 379051049 379051051 379051052 379051053 379051054 379051055 379051056 379051057 379051058 379051061 379051062 379051063 379051064 379051066 379051067 379051068 379051069 379051071 379051072 379051073 379051074 379051075 379051077 379051078 379051079 379051080 379051081 379051083 379051084 379051085 379051086 379051087 379051089 379051090 379051091 379051092 379052001 379052002 379052003 379052004 379052005 379052006 379052007 379052008 379052009 379052011 379052012 379052013 379052014 379052016 379052017 379052018 379052019 379052020 379052022 379052023 379052024 379052025 379052026 379052027 379052028 379052029 379052031 379052032 379052033 379052034 379052035 379052036 379052037 379052038 379052039 379052040 379052042 379052043 379052044 379052045 379052046 379052047 379052049 379052050 379052051 379052052 379052053 379052054 379052056 Assessor's Parcel Numbers
379052057 379052058 379052059 379052060 379052061 379052062 379052064 379052065 379052066 379052067 379052068 379052087 379052088 379052089 379052090 379052091 379052092 379052094 379052095 379052096 379052097 379052098 379053001 379053002 379053003 379053004 379053005 379053006 379053007 379053008 379053009 379053010 379053011 379053012 379053014 379053015 379053016
ANNEXATION NO. 9

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
347110021 347580007 347580001 347580002 347580003 347580004 347580005 347580006 347581001 347581002 347581003 347581004 347581005 347581006 347581007 347581008 347582001 347582002 347582003 347582004 347582005 347582006 347582007 347582008 347582009 347580010 347582023 347582019 347582018 347582017 347582016 347582015 347582014 347582013 347582012 347582021 347560012 347560013 347560014 347560015 347560016 347560017 347560018 347560019 347560043 347560020 347560021 347560022 347560023 347560024 347560025 347560026 347560027 347560028 347560044 347560029 347560030 347560031 347560032 347560033 347560034 347560035 347560036 347560037 347560038 347560039 347560040 347560041 347560042 347560001 347560002 347560003 347560004 347560005 347560006 347560007 347560008 347560009 347560010 347560011 347570001 347570002 347570003 347570004 347570005 347570006 347570007 347570008 347570009 347570010 347570011 347570012 347570013 347570014 347561001 347561002 347561003 347561004 347561005 347561006 347561007 347561008 347561009 347561010 347561011 347561012 347561013 347561014 347561015 347561016 347561017 347561018 347570015 347570016 347570017 347570018 347570019 347570020 347570021 347570022 347571001 347571002 347571003 347571004 347571005 347571006 347571007 347571008 347571009 347571010 347571011 347571012 347571013 347571014 347571015 347571016 347571017 347571018 347571019 347571020 347571021 347571022 347571023 347571024 347571025 347571026 347571027 347571028 347571029 347562001 347562002 347562003 347562004 347562005 347562006 347562007 347562008 347562009 347562010 347562011 347562012 347562013 347562014 347562015 347562016 347562017
EXHIBIT B (cont.)
ANNEXATION NO. 10

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
373071040 373074054 373074040 373074047 373074033 373074026 373074017 373074002 373074007 373074049 373074035 373074042 373074028 373074022 373074013 373074018 373074003 373074008 373074050 373074036 373074043 373074029 373074023 373074014 373074019 373074004 373074009 373074051 373074037 373074044 373074030 373074024 373074015 373074020 373074005 373074010 373074052 373074038 373074045 373074031 373074025 373074016 373074001 373074006 373074011 373074053 373074039 373074046 373074032

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Lake Elsinore City CouncilJanuary 9, 2024

Lake Elsinore City Council
January 9, 2024